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October 22, 2024 St. Anthony Council Work Session - 3 <br />Councilmember Doolan asked what the life cycle goal is based on. Ms. Berke stated the MetCouncil <br />looks at the total number. Multi-family housing is first considered. It is not an easy comparison to make <br />to other communities. Ms. Berke stated it is based on land available. <br />Mayor Webster asked if the funding is from the MetCouncil or the State of Minnesota. Ms. Berke stated <br />the program has been established since 1995. The source is tax levy for the funds. The funding is for <br />metro communities. <br />Councilmember Randle stated this is being funded by a regional tax levy and we are all paying for it. Ms. <br />Morello stated that is the reason staff wanted to bring this forward. <br />Councilmember Doolan asked about the Transit Oriented Development and can those grant monies be <br />used to make it to cover the cost. Ms. Morello stated that would be something Staff would continue to <br />look at. Some funding opportunities do require a match. <br />Councilmember Jenson asked for an explanation of what the Transit Oriented Development means. Ms. <br />Morello stated that refers to any development opportunities pertaining to transit corridors. There is a <br />buffer along the corridor which would be eligible. <br />Councilmember Doolan referred to the gas station site that has been held for affordable housing and <br />would the clean-up be a grant opportunity. Ms. Morello stated those monies are available twice a year <br />and it would be a reasonable grant opportunity for the City to apply for. It would be a partnership <br />opportunity between the developer and the City to apply for the funds. <br />Mayor Webster stated staff is making the recommendation for Council to consider this resolution before <br />November 15. <br />Councilmember Randle stated there are parts of this he does not like but since we are already paying for <br />it we should benefit from it. <br />Councilmember Doolan stated the range and goals are no more aggressive than what are in our <br />Comprehensive Plan. This would help us take steps to develop the gas station site. <br />Councilmember Jenson stated he is in favor of adopting the resolution. <br />Councilmember Elnagdy and Mayor Webster stated they agree. <br />This will be brought back to a City Council Meeting agenda. <br />B.2025 Utility Rates <br />Finance Director Deborah Maloney reviewed the utility rates recommended for 2025 builds on the <br />multi-year approach towards rate adjustments that began in 2012. The parameters for adjusting rates <br />are: <br />Align revenue sources with corresponding costs. <br />Provide transparency as to the basis of rates and rate adjustments. <br />Maintain a structural balanced operation. <br />Ensure that rates appropriately support the ability to: <br />o Provide safe drinking water