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ARP-Ej_N HILLS <br /> A. Reasons and Objectives for Policy <br /> B. What factors do we want to consider <br /> C. What information should we gather <br /> Do we need a reserve plan or a contingency plan? Look at potential tax loss if a company <br /> like Boston Scientific left Arden Hills. What are the financial implications? What would <br /> be the cash flow needs, what is left over? Is the city sitting on any property? At this time <br /> only the old city hall; no other major parcels of land. <br /> Requests for: CIP, equipment replacement plan, cash flow by month, example policies, <br /> OSA reports, project expected expenditures, resource plan, long range financial plan, <br /> reserve balance policies vs. other cities (same siz d after TCAAP is built out). <br /> Use the PCI rating to forecast when and wh oads d to be replaced. Need CIP for <br /> equipment replacement fund. What are the p ections fo e roads? Roads have a 30 year <br /> projected life span. The City is doing e al coating and crack filling to maintain <br /> roads longer. <br /> VII. NEXT MEETING AGENDA—September- f <br /> • A. Continue Fund Balance Policy Di ussi <br /> VIII. ADJOURN <br /> Motioned: Al Hilgers <br /> Seconded: Jeff Johnson <br /> Scott Bronson, Chair Susan K. Iverson, Finance Director <br /> • <br /> City of Arden Hills <br />