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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION — AUGUST 11, 2025 14 Councilmember Weber said this will be in 2025. Finance Director Yang confirmed. The $10 million resets in 2026. Councilmember Weber thought we were talking about 2026. He doesn't see any reason to say no to this. Councilmember Holden thinks it is good to encourage other people to use this. But we have to ask who we want to use it. Do we want to do it for -profit, non-profit? There are all kinds of complications depending on who asks for it. Mayor Grant remembers the Presbyterian Homes request was a large one. The City ended up with $128,000. Councilmember Weber said if we get to October and it's going to expire, we should try to use it. It can be a revenue stream that we can use annually. He would support promoting this, towards the end of the year, when there is no chance of the City needing the bonding ability. He would be indiscriminate. It is income with no risk. Mayor Grant said there is a unanimous consensus on this. D. State of the City Update City Administrator Jagoe said Staff is putting together the final drafts of slides for the State of the City event. The topics are Rice Creek Commons, Public Works and Parks, Community Development, Public Safety, City Finance and other Administration. She is requesting that Council deliberate and discuss who will present those topics. She would also like feedback from Council on marketing and outreach. This will be in the August/September addition of the newsletter. We will promote through the website, social media and our city TV channel. Last year there was a postcard mailed to the local businesses. Mayor Grant said the big item is to decide who will present each topic. Councilmember Rousseau would like to present the Community Development. She also thought if someone wants to split topics and take Public Works, she would like to do Parks and Recreation. Councilmember Holden would like to do Public Works and Park and Recreation. She did it last year. Mayor Grant said he would take Public Safety and City Finance. Councilmember Monson said she would do Rice Creek Commons. She remembers it feeling like an overview of what each department does. She would like to see it outline what was done in 2024, what we saw coming and what has actually happened. Some overview is helpful but she doesn't think it's necessary to go through TCAAP's history. She wants to get into the meat of what people really want to know. The history is very interesting.