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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION — JULY 28, 2025 4 Finance Director Yang outlined the changes since the July 14 Special Work Session. The PIR fund was increased by $1.423 million. This was for park development and residential dedication fees from Trident Development. That will be a one time revenue source and will go towards park development and trail projects. There is a proposed tax levy of $600,000 in the PIR for 2026 and forward. That is an annual increase of $350,000. This will ensure there is appropriate funding to meet future project expenditures into 2029. Finance Director Yang said the Lake Johanna Boulevard Trail project commencement date has been shifted from 2028 to 2029 after discussions with Ramsey County. Finance Director Yang said project expenditures for the Snelling Avenue North and Royal Oaks Trail improvements were increased by $90,000 due to updated cost estimates. Mayor Grant asked if that was $90,000 on top of the other $90,000. Public Works Director/City Engineer Swearingen said this was related to the church development. Mayor Grant asked if there were one or two $90,000 increases. Public Works Director/City Engineer Swearingen said it's one. The total budgeted cost is $450,000. Mayor Grant just wanted to verify it was just one increase. Finance Director Yang said the EDA Fund was reduced by $90,000 for 2026 and will be increased the same amount in 2027. Finance Director Yang said the rates within the Utility Fund are set to 4% in 2026, 6% in 2027, and 3% in 2028 and thereafter. Finance Director Yang said those are the primary changes from the last work session. Councilmember Monson asked for confirmation that the numbers reflect that the Lake Johanna Trail will be in 2029. Finance Director Yang confirmed. Councilmember Monson had questions regarding the fire department. She said the Public Safety Capital Equipment Fund shows property tax levy of $300,000 is being proposed for 2026 which includes $40,000 to go towards the reserve bank for the six new fire captains. She said those are the six that have already been hired and it's when the grant runs out. She asked how we landed on $40,000 and is it sufficient? Finance Director Yang confirmed that as of now, $40,000 is still sufficient for those six captains. Councilmember Monson asked if there is a big increase after the grant runs out. How much will we owe?