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Minutes <br /> DI�EN HILLS <br /> • <br /> FINANCIAL PLANNING &ANALYSIS COMMITTEE <br /> WEDNESDAY, June 20,2007 <br /> 6:00 P.M. <br /> Upstairs Conference Room,Arden Hills City Hall <br /> I. CALL MEETING TO ORDER AND ROLL CALL <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,C -. Council Liaison <br /> II. APROVAL OF AGENDA <br /> III. APPROVAL OF MAY 23,2007 MINUTES <br /> Motioned: Jeff Johnson1010-3,„ <br /> • Approved: Jim Ostlund . . <br /> IV. CITY COUNCIL UPDATE— Harpstead <br /> The City is currently working on a •,,ap .Improvement Plan(CIP); taking one step at a time. The <br /> CIP includes; looking at a new 4,- station _ years out), new fire truck (current), and new roads. The <br /> t , <br /> EDC is reviewing options for the : ix/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 TIF 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 of Hwy 10. The cost associated with these entrances, $20 million for the 35W entrance and$35 <br /> million for the Hwy 10 redevelopment. The Armory is looking to add two new buildings, a community <br /> 41/ City of Arden Hills <br /> 1245 West Highway 96•Arden Hills Minnesota 55112 <br /> Phone 651.634.5120•Fax 651.634.5137 <br /> www.ci.arden-hills.mn.us <br />