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CITY OF ARDEN HILLS, MINNESOTA 2026 BUDGET <br />Function: Economic Development Fund # 413 <br />Activity: TCAAP Capital Activity # 41600 <br />Activity Scope <br />This fund was established to account for revenue and expenditure activity related to the City comprehensive re- <br />use planning at the Twin Cities Army Ammunition Plant (TCAAP) site as it relates to infrastructure and re -use. <br />Objectives <br />1. Coordination of the TCAAP redevelopment planning activities while continuing to meet the needs of the City of <br />Arden Hills. <br />2. Work with Ramsey County through the Joint Development Authority (JDA). <br />Issues <br />1. Economic conditions. <br />2. Coordinating with multiple entities/players. <br />Budget Commentary <br />Since the City's private development partner pulled out of the project in April of 2009, Ramsey County purchased <br />the property and established a Joint Development Authority (JDA) with the City. Revenues and expenditures are <br />for City costs and future costs are not known at this time. <br />A budget amendment was done in 2014 to reclassify the City's costs for infrastructure development under the JDA <br />into the TCAAP Capital Fund. An interfund loan was made in 2013 from the PIR to be paid back as the property <br />develops. <br />2023 2024 2025 2026 <br />BudgetSummary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services $ - $ - $ $ - <br />Commodities - - - <br />Contractual Services - - - <br />Capital Outlay - - - <br />Other Charges - - - <br />Total $ - $ - $ - $ - <br />Percent Change 0.0% 0.0% 0.0% <br />Expenditures by Classification <br />0% <br />o Personnel Services <br />o Commodities <br />13Contractual Services <br />o Capital Outlay <br />■ Other Charges <br />34 <br />