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General Facilities Replacement Fund- <br />No Additional Funding <br /> $6,000,000 <br /> $4,000,000 <br /> $2,000,000 <br /> $- <br />20212022202320242025 <br /> $(2,000,000) <br />RevenuesExpendituresCash Balance <br />74 <br />75 <br />76 If the City is successful in receiving bonding dollars for the remaining OVAL improvements, the <br />77 fund would not go negative and would have sufficient funding for future needs as indicated in the <br />78 chart below. <br />79 <br />General Facilities Replacement Fund- <br />Additional Funding <br /> $6,000,000 <br /> $4,000,000 <br /> $2,000,000 <br /> $- <br />20212022202320242025 <br />RevenuesExpendituresCash Balance <br />80 <br />81 <br />82 Suggested Legislative Policy <br />83 The City of Roseville seeks financial support for capital improvements for the state and regional <br />84 asset of the Guidant John Rose Minnesota OVAL and support facilities through a future State <br />85 Bonding Bill. <br />86 <br />87 Discussion of New Legislative Priorities <br />88 <br />89 Theft and Sale of Catalytic Convertors The theft of catalytic convertors from vehicles has been <br />90 rising in Roseville and across the Twin Cities. Catalytic convertors are easy to steal and with the <br />91 proper tools it only takes a few minutes to remove them. Catalytic convertors have a high resale <br />92 value and are often sold to scrap metal dealers for couple hundred of dollars. The cost for repair by <br />93 the vehicle owner can cost up to a couple thousand dollars. <br />94 <br />95 Senator Marty has previously introduced a bill that requires scrap metal dealers from buying <br />96 catalytic convertors other than from auto repair or recycling businesses. Under the bill, (Attachment <br />97 C) the seller will need to provide proof that they are the owner of the catalytic convertor. The <br />98 Minnesota Police Chiefs Association supports this legislation. Additional information from Chief <br />99 Scheider regarding catalytic convertor theft is included as Attachment D. <br />100 <br />101 Below is a chart showing Roseville Police calls regarding catalytic convertors. <br />Page 3 of 6 <br /> <br />