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ARDEN HILLS CITY COUNCIL—DECEMBER 8, 2025 11 Councilmember Rousseau stated she did not have any other proposed cuts but would be willing to hear from the remaining Councilmembers. AMENDMENT: Mayor Grant moved and Councihnember Holden seconded a motion to amend the Final Lew to 11.97% by raising the revenue projections by$60,000 evenly between permits and investment income. Councilmember Weber inquired if there was any documentation that supports an increase in revenues as suggested by the Mayor. Finance Director Yang stated she did not know of anything specifically for 2026,but noted 2025 came in higher than anticipated for permit revenues. Councilmember Weber reported revenues came in higher than anticipated in 2025 because of the construction on Outlot A. He explained he did not support the City relying on permit revenue income. He stated he would not be supporting the Mayor's amendment. Mayor Grant indicated the City would be considering a development for 119 units of residential housing in the next six months. He noted the investment earnings was also lowered from $80,000 to $50,000. Finance Director Yang stated this decrease was made because investment earnings are typically volatile. She also indicated that the $50,000 investment budget was a conservative estimate. Further discussion ensued regarding the projected investment earnings for 2025 and 2026. Mayor Grant was of the opinion staff s estimate for investment earnings was too conservative and could be increased by $30,000. Councilmember Monson called the question. A roll call vote was taken. The amendment motion failed 1-4 (Councilmembers Rousseau, Weber, Holden and Monson opposed). Councilmember Holden stated another large permit that may be coming to the City was for the redevelopment of the hotel property. She agreed that the permit revenues should be increased for the City. She suggested the levy be set at 12.5%. Councilmember Rousseau indicated she could support a levy increase of 12.5%. AMENDMENT: Councilmember Rousseau moved and Councilmember Holden seconded a motion to amend.the Final Levy to 12.5%. A roll call vote was taken. The amendment motion carried 3-2 (Councilmember Weber and Councilmember Monson opposed). Councilmember Nionson called the question. A roll call vote was taken. The amended motion carried (5-0).