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October 14, 2025 St. Anthony Council Work Session - 8 Councilmember Elnagdy agreed. It is neither financially nor morally responsible to add a pickleball court or a dog park and then ask residents to fund the cost of these additions. There are 4 dog parks within a mile. We are a small City. She would select Option 3B. Option 3b – Use all available funds over 6 years to reduce levy by $150,000 for each of 6 years – 7.63% Levy Increase. Councilmember Doolan, a dog park, and a pickleball court are long-term priorities. There may be grants in the future for outdoor facilities. Right now, nothing is more important than the fire department staff. Councilmember Jenson asked if we are earning interest on the TIF funds. Ms. Maloney stated the interest rate has recently been 4%. It is out of our control how the end-of-the-year interest is recognized. Councilmember Doolan asked if it is possible to decide between 3a and 3b. How would it differ in the City’s ability to earn interest? Councilmember Jenson stated that the next TIF district ends in 2031. When that ends, we will see more revenue streams come in. Do we know how much that revenue will be? Mr. Yunker stated that six years is too far out to make estimates. He fears locking in a number that may be spent in the community before it is ever received. Mayor Webster stated this year’s tax levy was 5.34% in 2025. On a $409,000 house, the taxes would increase $79 from 2024 to 2025. A 7.63% would be $3 more per month for 2026, for $120. The increase for 2026 would be approximately $10 per month. This is for the City’s portion. Councilmember Doolan noted Hennepin County put their highest levy at 7.8% and Ramsey did 9.75%. Mayor Webster asked if Council would consider using $150,000 for next year. Mr. Yunker stated that it would need to continue for over 6 years. Each year, the capital funds would be looked at again. We would not be locked up in spending $150,000 each year. The final decision will be made in December. The consensus of the City Council was 3b.1, using $150,000 for next year. Also provided for City Council consideration were Cover Memo, 2026 Capital Funds Presentation, 2026 Buildings Improvement Summary, 2026 Capital Equipment Summary, 2026 Parks Improvement Summary, and Public Comments. Future Agenda Items: The next Work Session Meeting will be held on October 28, 2025. Adjournment: Motion by Councilmember Elnagdy, seconded by Councilmember Jenson, to adjourn the Work Session. Motion carried 5-0. The meeting adjourned at 6:45 p.m. 10