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•Create working group of property owners <br />(City, 834, Fury) to establish a work plan <br />for redevelopment <br /> <br />Start development process for 180 acre <br />parcel <br />• <br />• <br />•Explore and develop plan for future of old <br />city hall <br />•February 2025-Working with Washington County to <br />identify three polling place locations not including old city <br />hall. <br />•Workshop scheduled for 10/14/205 to discuss condition <br />of building, staff comments, options and pros and cons. <br />Balance finances consistent with current needs and future growth. <br />•Develop comprehensive financial strategy <br />that encompasses multiple long-term <br />goals <br />City Council approved purchase of more comprehensive <br />Financial Management Software 3/4/2024. <br />Implementation scheduled for Q1 2026. <br />New capital levies implemented in 2025 to fund long- <br />term capital needs. <br />Finance staff drafted tentative time line for Long term <br />financial strategic plan discussions and creation of <br />scenario testing tool. <br />Analyze and assess water, sewer, and <br />street light fees <br />Water/sewer fees updated Q1 2025. <br />Staff researching street light obligations in Lake Elmo and <br />financial impact. <br />Street light funding discussion at 7/8/25 workshop <br />Discussion on future studies to address stormwater fees, <br />city sewer and water connection fees, and long term <br />financial planning and tools scheduled for 8/14/2025 <br />workshop. <br />Stormwater fees discussed 9/9/2025, staff will review <br />existing credits to see if they are still valid, engineering <br />will provide cost to look at land use type and fees and <br />ensure equitable system. <br />Staff reviewing current City sewer and water connection