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ARDEN HILLS CITY COUNCIL WORK SESSION — SEPTEMBER 22, 2025 10
<br />Finance Director Yang said scenario D is being brought back from the last work session. This
<br />scenario assumes no bonding, the levy is increased by $50,000 annually. That equates to a
<br />$400,000 increase in overall Fund Balance. In this scenario, the City would maintain a positive
<br />fund balance of $1.6 million through 2033. The Fund Balance would fall negative in 2034. This
<br />scenario would be a $50,000 levy increase in 2026 or 0.83%. The 2026 levy would start at
<br />$300,000. The 2035 levy would end at $750,000.
<br />Finance Director Yang said scenario D1 assumes no bonding, the PMP projects are shifted, the
<br />levy is increased by $100,000, and by that same amount annually, thereafter. This would achieve
<br />a positive Fund Balance of $3.2 million through 2035 and would result in a $100,000 or 1.66%
<br />levy increase in 2026. The 2026 levy would start at $350,000 and would end in 2035 at almost
<br />$1.3 million.
<br />Finance Director Yang said scenario D2 assumes no bonding, the PMP projects are shifted, levy
<br />is increased by $120,000, and goes down to $100,000 annually, thereafter. This would achieve a
<br />positive Fund Balance of $3.4 million through 2035 and would result in a $120,000 or 1.99% levy
<br />increase in 2026. The 2026 levy would be $370,000 and would end in 2035 at almost $1.3
<br />million.
<br />Councilmember Rousseau asked what the estimated amount was, without bonding, for the Old
<br />Highway 10 trail.
<br />Finance Director Yang said the City's share of Old Highway 10 will still be $1.3 million.
<br />Finance Director Yang said scenario D3 assumes no bonding, the PMP projects are shifted, the
<br />levy is increased by $180,000 in 2026 and by $75,000 annually, thereafter. This would achieve a
<br />positive Fund Balance of $2.9 million through 2035 and would result in a $180,000 levy or 2.99%
<br />levy increase in 2026. The 2026 levy would start at $430,000 and would end in 2035 at $1.1
<br />million.
<br />Finance Director Yang said scenario D4 assumes no bonding, the PMP projects are shifted, the
<br />levy is increased by $240,000 in 2026 and by $75,000 annually, thereafter. This would achieve a
<br />positive Fund Balance of $3.5 million through 2035 and would result in a $240,000 levy or 3.98%
<br />levy increase in 2026. The 2026 levy would start at $490,000 and would end in 2035 at $1.165
<br />million.
<br />Finance Director Yang said scenario D5 assumes no bonding, the PMP projects are shifted, the
<br />levy is increased by $300,000 in 2026 and $50,000 annually, thereafter. This would achieve a
<br />positive Fund Balance of $2.9 million through 2035 and would result in a $300,000 levy or 4.98%
<br />levy increase in 2026. The 2026 levy would start at $550,000 and would end in 2035 at $1
<br />million.
<br />Finance Director Yang said the next set of scenarios assumes no bonding and no shift of PMP
<br />project expenditures.
<br />Mayor Grant asked that she skip walking though scenario D6 and D7.
<br />Finance Director Yang said scenario D8 assumes no bonding and no shift in PMP expenditures.
<br />The levy is increased by $180,000 in 2026 and annually thereafter. This would achieve a positive
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