Laserfiche WebLink
MINUTES <br /> • EN HILLS <br /> FINANCIAL PLANNING&ANALYSIS COMMITTEE <br /> Tuesday,November 07,2012 <br /> 6:00 P.M. <br /> Council Chambers,Arden Hills City Hall <br /> CALL MEETING TO ORDER AND ROLL CALL <br /> The meeting was called to order by Jim Ostlund at 6:00 pm. <br /> MEMBERS PRESENT:Jim Ostlund;Arlene Mitchell;David Radziej;John Braun;David Grant,Council Liaison <br /> MEMBERS NOT PRESENT:Katy Peters <br /> OTHERS PRESENT:Kyle Howard <br /> Call to Order <br /> 1. APPROVAL OF THE AGENDA <br /> Motioned:David Radziej <br /> Seconded:John Braun <br /> 2. APPROVAL OF September 11,2012,MINUTES <br /> Motioned:David Radziej <br /> Seconded:John Braun <br /> 3. UNFINISHED AND NEW BUSINESS <br /> • <br /> A. Continue Discussion of Utility Rate Study <br /> Kyle Howard presented to FPAC how the current rate structure is set up and the historical data from <br /> the past 3 years.FPAC then proceeded to discuss possible changes and how the rate structure could be <br /> changed to better promote conservation.It was asked that staff provide 3 new tiers for FPAC to review <br /> at the next meeting.These tiers were as follows;0-10,000 10,001-20,000 20,001-infinity;0-5,000 <br /> 5,001-35,000 35,001-infinity;0-5,000 5,001-30,000 30,001-infinity.These tiers were formed by <br /> looking at the historical data over the past 3 years(2009-2011),and looking for the natural peaks and <br /> valleys in the data. <br /> Kyle Howard then presented to FPAC how the current cash flow model was projecting cash flow for <br /> the Utility Funds. The model showed that with the current system Water and Sewer are on track with <br /> the 2008 rate study projections.FPAC was then presented the Capital Projects for the next 15 years, <br /> which are currently being work on by the Council.These projects were further discussed and reviewed <br /> on how they affected the cash flow of the Utility Funds directly. <br /> 4. REPORTS <br /> A. Reports from the City Council <br /> Mayor Grant explained the developments to the TCAAP property and how the County is stepping up <br /> to take the leading role in the purchase of the land.He also stated that the Council has had a meeting <br /> to discuss the development but they are still working on the details.Then he talked about the former <br /> Holiday Inn property and how the possible development of that property will have 1,2 and 3 bedroom <br /> apartments.Council also has approved a micro brewery to be located down by Red Fox road. <br /> • City of Arden Hills <br /> 1245 West Highway 96•Arden Hills Minnesota 55112 <br /> Phone 651.792.7800•Fax 651.634.5137 <br /> www.ci.arden-hills.mn.us <br />