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  <br />Possible Financing options that were not included in the above fund balance projections: <br /> <br />1. $300,000 DNR grant and $20,000 Watershed grant for the Pioneer Park Vegetation Restoration <br />Project scheduled for 2026. This grant is not a guarantee and it was not included as a revenue source <br />for the project. Total estimated project cost $472,000. City staff plans to apply for this grant in <br />2025. <br /> <br />2. $476,188 - Property held for resale proceeds (Twin Lake Blvd). The City sold two parcels that were <br />held as “property held for resale” within the fund. Since this asset has been tracked in this fund, <br />these proceeds can remain within this fund. <br /> <br />3. $60,000 approximately tax levy. As noted above 2024 and 2025 will present an opportunity to levy <br />additional tax revenues without a change in the City tax rate due to decertification of two TIF <br />districts (TIF 7-2 Bix Produce and TIF 5-1 St Jude/Abbott). Implementing a tax levy that would be <br />used to fund the Capital Infrastructure fund will allow the fund to have a steady and reliable source <br />of revenue. Currently the funds most reliable funding source has been the LGA aid. As it was noted <br />in 2023 this funding source was cut 50% and the future funding amounts are currently unknown <br />and have been estimated to match the 2023 amount. Little Canada has the third lowest city tax rate <br />in Ramsey County. <br /> <br />4. Reevaluate and reprioritize the CIP in 2024 and determine if any of the projects/assets can be <br />pushed back or removed entirely. Each year the City Council has an opportunity to review the <br />current ten-year CIP plan and make changes and recommendations. <br /> <br />5. Issuance of bond/equipment certificates. Debt financing is used when the CIP assets/projects cannot <br />be funded from current revenues or fund balance. Further, debt issuance helps spread the payments <br />for assets/infrastructure over their useful life. <br /> <br /> <br />Note that the above scenario includes items 1-3 possible financing options. Item 3 was included starting <br />with 2024 to 2032 for $60,000 each year. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />