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ARDEN HILLS CITY COUNCIL—September 14, 2009 9 7B. Motion to Adopt Resolution 2009-024 and Motion to Adopt Resolution 2009-025(continued) Councilmember Holden asked if the public hearing had to be at a regular meeting. Finance Director Iverson stated that the meeting did not have to be at a regular meeting but it could not be held any earlier than 6:00 p.m. Councilmember McClung asked to clarify that the recommended changes from Council and the new figure from the insurance company had been accounted for in the amount being presented. Finance Director Iverson stated that this was correct. All the recommended cuts from the Council are in the current figure and the $10,000 for Celebrate Arden Hills was added back in. Councilmember Grant asked if the levy would have been 1.6% without the unallotment of the market value credit. Finance Director Iverson stated that this was correct. Councilmember Grant asked for clarification on what was included in the 3.1% Public Safety amount. Finance Director Iverson stated that this includes the Fire Department and the Police Contract. This amount reflects the increase of the contracts for this year over the amounts of the contracts for last year. Councilmember Holden asked what unfunded large projects the City had at this time. Finance Director Iverson stated that this would include the B2 District, Valentine Hills, some of the parks, the water tower maintenance, and possibly Snelling Avenue. The new Equipment, Building Replacement Fund was set up and the City transferred $500,000 to that. At this time Staff is looking for alternative ways to fund this so that the money is on a rolling basis. Mayor Harpstead asked what transfers were planned in the budget. Finance Director Iverson stated $200,000 that is transferred to the PIR Fund for construction, $40,000 from the General Fund going to the Equipment Building Replacement Fund, and $12,000 to the EDA Fund.