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<br />~ <br />~HILLS <br /> <br />MINUTES <br /> <br />FINANCIAL PLANNING & ANALYSIS COMMITTEE <br />TUESDAY, August 14, 2007 <br />6:00 P.M. <br />Upstairs Conference Room, Arden Hills City Hall <br /> <br />I. CALL MEETING TO ORDER AND ROLL CALL <br /> <br />The meeting was called to order by committee chair, Scott Bronson at 6:04pm <br /> <br />MEMBERS PRESENT: Maurice Gieske, Scott Bronson, AI Hilgers, Jeff Johnson. Jim Ostlund, <br />David Grant, Council Liaison <br /> <br />OTHERS PRESENT: Sue Iverson, Finance Director; Joe Rueb, Accounting Analyst <br /> <br />II. APROVAL OF AGENDA <br /> <br />Current status of the investment policy? Passed by Council. <br />Gieske requested a copy of the final and approved investment policy. <br /> <br />Motioned: Jeff Johnson <br />Seconded: Maurice Gieske <br /> <br />III. APPROVAL OF July 10, 2007 MINUTES <br /> <br />Motioned: Jeff Johnson <br />Seconded: Maurice Gieske <br /> <br />IV. CITY COUNCIL UPDATE - Council member Grant <br /> <br />At this time there are plans for a Walgreens to be built on the South West corner of Arden Plaza. <br />Some residents do not want a Walgreens; an alternative for the Walgreens is an ALDI store. The <br />closest ALDI to Arden Hiils is currently located off of Rice Street in lillie Canada. Council does <br />not have any authority to prevent any specific building unless there are problems with set backs, <br />transportation or other city related concerns. This new structure will block the ACE hardware <br />store building. Ace's building and property is privately owed. Another concern is that the local <br />pharmacy leases it building and may be affected by a Walgreens. <br /> <br />There is a sliver of land located off of New Brighton Road of which 55 feet of that land is located <br />in Arden Hills and that rest of the land is located in New Brighton. The owner of this property has <br />requested th.at Arden Hills turns the property over to New Brighton. This topic has been tabled <br />with the council. <br /> <br />TCMP: There is a concern that part of the property is going to be too dense in population. It is <br />projected to contain 1700 household units on 30 acres of land. Council Member Grant feels as <br />though there are not enough parks and trails throughout this property. From 2005 -2007 the total <br />buildable acreage has decrease by approximately 100 acres, although the density has stayed the <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 />