CC WS PACKET 10222024 - Laserfiche WebLink

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October 8, 2024 St. Anthony Council Work Session - 6 Future considerations for Park Improvement Fund: The Park improvement fund’s revenue source is Park Dedication fees and Park levy. Allowed uses of park dedication fees are limited in scope and dedication fees are infrequent, therefore insufficient to rely on to add significant new amenities in the City Parks. To reduce reliance on debt financing for significant additions and improvements, it is recommended that the Park Improvement Levy be increased a minimum $5,000 per year until it reaches $100,000 to aid in funding future park replacement needs. UTILITIES INFRASTRUCTURE FUND Significant purchases for Water treatment plant components are reflected as occurring in 2023- 2026. Staff has proposed a 2025 Plant components assessment be performed by a third-party subject matter expert. A placeholder of $35,000 has been included in the capital budget. The amount reflects the complexities of three separate water treatment processes employed by the City. Significant Utilities Infrastructure expenses in 2024 include: o Purchase of a replacement dehumidifier for the GAC plant $162,300. o Completion of Well No. 4 Pump restoration project, total costs for this were $198,310. o Replacement of Sodium Permanganate Pumps and chemical feed tubes at a cost of $29,164. o Replacement of a Chlorine booster pump at the GAC Plant $6705. o Foss Road Lift Station repair costs $45,780. Fleet and other equipment used in maintaining the delivery and collections systems is budgeted separately from the Water treatment plant and Sanitary lift stations. Significant Utility related fleet and equipment costs in 2024 included: o Ford Lightning EV replaced a 2007 pick-up $62,765. o M2 Water Tanker/Flusher $177,598 net cost after trade in. o Purchase of a 4-inch transfer pump which replaced 3 smaller pumps $5,066/ Future considerations for Utilities Infrastructure Fund: The Utilities Infrastructure currently has a sufficient fund balance to support the programmed equipment replacement through the 2030’s. Water and Sewer operating fund transfers are projected to begin in 2025 to support future capital needs. Annual adjustments to water and sewer rates will ensure that operating transfers are available. A Plant components assessment in 2024 or 2025 will aid in informing the necessary capital expenditure items and timing of the same. Councilmember Elnagdy asked about the tanker/flusher and if that will be in 2024 and Ms. Maloney stated it depends when the replacement is received. It is expected in 2024. STORMWATER FUND Costs to account for flood mitigation and water quality concerns, mandates, and stormwater pond maintenance are accounted for in our Stormwater Utility Fund. Significant costs in this fund for 2024 and 2025 include: o The placeholder for an Industrial Park flooding mitigation has moved to 2030, anticipating that redevelopment will not occur until a later date. o Mirror Lake Outfall repair is expected to cost $55,600 in 2024. 8