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<br />~ <br />~HILLS <br /> <br />Minutes <br /> <br />Upstairs Conference Room, Arden Hills City Hall <br /> <br /> <br />FINANCIAL PLANNING & ANALYSIS COMMITTEE <br /> <br />WEDNESDAY, June 20, 2007 <br />6:00 P.M. <br /> <br />I. CALL MEETING TO ORDER AND ROLL CALL <br /> <br />The meeting was called to order by committee chair, Scott Bronson at 6:05pm <br />MEMEBERS PRESENT: Scott Bronson, Jeff Johnson, Jim Ostlund, Maurice Gieske <br />OTHERS PRESENT: Stan Harpstead, Mayor; Sue Iverson, Finance Director; Joe Rueb, Accounting <br />Analyst <br />MEMEBERS NOT PRESENT: Al Hilgers; David Grant, City Council Liaison <br /> <br />II. APROV AL OF AGENDA <br /> <br />m. APPROVAL OF MAY 23, 2007 MINUTES <br /> <br />Motioned: Jeff Johnson <br />Seconded: Jim Ostlund <br />All in favor. <br /> <br />IV. CITY COUNCIL UPDATE - Mayor Harpstead <br />The City is currently working on a 5 year Capital Improvement Plan (CIP); taking one step at a time. The <br />CIP includes; looking at a new fire station (3 years out), new fire truck (current), and new roads. The <br />EDC is reviewing options for the Red Fox/Grey Fox area. Wellington Management is working on <br />making changes to current buildings, adding two new buildings, and adding a Walgreens. Changes to the <br />Holiday Inn are coming soon. Mayor Harpstead mentioned that the city doesn't want to use city money <br />or residential money for new business development. The Chesapeake properties are looking to do some <br />development. Approximately 400,000 sq ft of commercial buildings valued at approximately $180 per sq <br />ft. Development is encouraged sooner than later as this property is part of the 1990 TIP District that may <br />only have 4 years left. Additional information not directly associated with Arden Hills right now: <br />Additional entrance to the TCAAP property is being reviewed; one entrance would be off of 35W and the <br />other off ofHwy 10. The cost associated with these entrances, $20 million for the 35W entrance and $35 <br /> <br />City of Arden Hills <br />1245 West Highway 96. Arden Hills Minnesota 55112 <br />Phone 651.634.5120 . Fax 651.634.5137 <br /> <br />www.ci.arden-hills.mn.us <br />