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Home My WebLink AboutCC WS PACKET 06242025CITY OF SAINT ANTHONY VILLAGE WORKSESSION AGENDA Tuesday, June 24, 2025 at 5:30PM Members of the public who wish to attend the meeting may do so in person. Minutes Approval Of CC WS Meeting Minutes CC 05 -13 -2025 WS.PDF CC 05 -27 -2025 WS.PDF Worksession Topics 2026 Debt Levy And Street Improvement Plan COVER MEMO - DEBT LEVY WS.PDF 2025 DEBT LEVY 06.24.2025 WORKSESSION.PDF 2026 LEVY TRANSITION MODEL.PDF 2026 DEBT LEVY MODEL.PDF 2026 REVISED STREET SCHEDULE.PDF Infrastructure Planning Discussion INFRASTSRUCTURE PLANNING 06.24.25 WORKSESSION.PDF Future Worksession Dates, Times And Agenda Items Future Agenda Items FUTURE AGENDA ITEMS.PDF Adjournment If you would like to request special accommodations or alternative formats, please contact the City Clerk at 612 -782 -3313 or email city@savmn.com . People who are deaf or hard of hearing can contact us by using 711 Relay. Our Mission is to promote a high quality of life to those we serve through outstanding city services. 1. A. Documents: 2. A. Documents: B. Documents: 3. A. Documents: 4. CITY OF SAINT ANTHONY VILLAGEWORKSESSION AGENDATuesday, June 24, 2025 at 5:30PMMembers of the public who wish to attend the meeting may do so in person. MinutesApproval Of CC WS Meeting MinutesCC 05 -13 -2025 WS.PDFCC 05 -27 -2025 WS.PDFWorksession Topics2026 Debt Levy And Street Improvement PlanCOVER MEMO - DEBT LEVY WS.PDF2025 DEBT LEVY 06.24.2025 WORKSESSION.PDF2026 LEVY TRANSITION MODEL.PDF2026 DEBT LEVY MODEL.PDF2026 REVISED STREET SCHEDULE.PDFInfrastructure Planning DiscussionINFRASTSRUCTURE PLANNING 06.24.25 WORKSESSION.PDFFuture Worksession Dates, Times And Agenda ItemsFuture Agenda ItemsFUTURE AGENDA ITEMS.PDF Adjournment If you would like to request special accommodations or alternative formats, please contact the City Clerk at 612 -782 -3313 or email city@savmn.com . People who are deaf or hard of hearing can contact us by using 711 Relay. Our Mission is to promote a high quality of life to those we serve through outstanding city services. 1.A.Documents:2.A.Documents:B.Documents:3.A.Documents: 4. CITY OF SAINT ANTHONY CITY COUNCIL WORK SESSION MINUTES MAY 13, 2025 ROLL CALL: Mayor & Council: Mayor Wendy Webster, Councilmembers Jan Jensen, Thomas Randle, Lona Doolan and Nadia Elnagdy Staff: City Manager Charlie Yunker and Assistant City Manager Ashley Morello Other Attendees: Ms. Maya Kruger and students from Saint Anthony Middle School CALL TO ORDER: Mayor Wendy Webster called the Work Session to order at 5:30 p.m. 1.Approval of CC WS Meeting Minutes A.April 22, 2025 City Council Work Session and April 29, 2025 City Council Work Session Minutes Motion by Councilmember Doolan, seconded by Councilmember Jenson to approve the City Council Work Session Minutes of April 22, 2025 and the City Council Work Session April 29, 2025 as presented. 2.Work Session Topics A.Student Community Development Project Presentations Mayor Webster welcomed the students and Ms. Kruger to the meeting. Mayor Webster invited Ms. Kruger to describe the scope of the student’s projects to the Council. Ms. Kruger explained that that she teaches a Capstone course were students are tasked with a K2A Project – or Knowledge to Action Project. These projects are designed to encourage students to problem solve with ideas and action steps. This year, the students were assigned to propose a development at 3803 Stinson Boulevard, a city-owned property that is currently undeveloped. Ms. Kruger described the project, explaining that the students were tasked with proposing an idea for the site, understanding existing challenges, engaging with stakeholders, and create a presentation to communicate their proposed solution and opportunity. Five student groups had the opportunity to present their proposals. Proposals including a community garden, a community café, a pet shelter and activity center, a recreation center, and a library. Council members asked questions for each student presentation. 1 Mayor Webster and the Councilmembers thanked the students for attending the Work Session and commended them for their hard work and creativity. 3.Future Agenda Items The next work session will be held on May 27, 2025. 4.Adjournment The meeting adjourned at 6:25 p.m. 2 CITY OF SAINT ANTHONY CITY COUNCIL WORK SESSION MINUTES MAY 27, 2025 ROLL CALL: Mayor & Council: Mayor Wendy Webster, Councilmembers Jan Jensen, Thomas Randle, Lona Doolan and Nadia Elnagdy Planning Commission: Commissioners Minerva Hark, Michael Corneille and Michael Mayne Absent: Chair Meridith Socha, Commissioners Paul Morita, Corey Erickson and Barbara Anderson Staff: City Manager Charlie Yunker, Assistant City Manager Ashley Morello, City Planner Steve Grittman, Liquor Operations Manager Mike Larson, Barb Tuominen, Communications Coordinator, Bill Haugen, Assistance Liquor Stores Manager; Josh Hudson, Liquor Store Clerk Other Attendees: Alan Schutte, Platt Hollow Road; Patrick Hurley, Voyageur Cannabis Services; and Paul Kaspszak, Executive Director Minnesota Municipal Beverage Association CALL TO ORDER: Mayor Webster called the meeting to order at 6:02 p.m. 1.Work Session Topics A.Single Family Rentals Mayor Webster welcomed everyone to the meeting. Mayor Webster explained that affordable housing has been an interest and goal of the City Council and one of the approaches to begin to address the topic is establishing regulation to prohibit corporate ownership of single-family homes. Ms. Morello noted that the City Council and Planning Commission have discussed this topic a number of times throughout the past couple of years, and considering ways to preserve naturally occurring affordable housing (NOAH) has been consistently one of the city’s goals. Mr. Yunker explained that given the observations from Council and Commissioners and the acknowledgement of the complexity of affordable housing, it may be valuable to consider a multi-phased approached, with actions in the short, mid and long term. Mayor Webster opened the floor for discussion on short term rentals. Mayor Webster explained that the Council was currently favoring prohibiting short-term rentals of SF homes as they limit long- term options for residents and potential residents. Mr. Grittman explained to the group that per city 3 code, any stay at a residential location less than 30 days is not allowable in residential areas, but allowable in commercial areas, via hotels or motels. Mr. Corneille asked what is the goal of considering prohibitions on short-term rentals. Mr. Corneille noted the importance of flexibility for property owners, recognizing that selling is not always viable or feasible. Ms. Doolan noted the importance of NOAH for the community, explaining that it’s important for individuals who work in the City should be able to live in the City. There was some discussion regarding the supply and demand of the housing, and speculation of what drives markets. Mr. Jenson stated that any ordinance would not take away, but try to maximize opportunities for single family homeowners. Mr. Corneille stated that other approaches could be considered to regulate both short- and long-term rentals, such as renter protections and support for housing assistance voucher holders. Mr. Yunker noted that all options need to consider staff capacity as well as potential impacts to the levy. Mr. Yunker stated that a 10 percent cap on single-family rentals would be consistent with other communities and puts safeguards in place, which could be revisited if needed. Ms. Hark noted the importance of being proactive and consistent with other communities. Ms. Hark further noted that if the City is the only community that does not establish regulation, then they could be a target for further future risk, and further noted that a 10 percent cap appears reasonable. There was some discussion of short-term housing as an amenity. The group discussed prioritization between short-term and long-term rentals and that a cap can be a tool to monitor. The group generally agreed to develop ordinance language related to prohibiting large corporate ownership, prohibiting short term rentals, and proposing a 10 percent cap on long term rentals. Mayor Webster thanked everyone for their time and excused the attending Planning Commission Members. The group took a brief break at 6:56 p.m. B.Cannabis Dispensary Update At 7:10 p.m. Mayor Webster welcomed back the Council and guests. Following introductions, Mr. Larson welcomed the team to the discussion to explore a retail cannabis store. Mr. Larson explained that the state cannabis law has resulted in an opportunity for municipalities to regulate the sale of cannabis, but per state law, cannabis needs to be in a separate store from liquor. Mr. Larson then explained that tonight’s discussion is to consider the concept only. If the Council is generally supportive of the concept, the Council will have further opportunities to discuss the potential store at future meetings. Mr. Larson further explained that because of the role the Municipal Liquor Stores play in the community, to regulate the sale of alcohol, extending the municipal retail operations to include cannabis is a reasonable consideration. Mr. Larson discussed the importance of the Municipal Liquor Stores, both as a source of revenue for a small city, as well as a community gathering space. Mr. Larson then explained that trends in the consumption of alcohol has impacted the Municipal Liquor Stores, but the stores have continued to profit, in large part because of the sale of THC and CBD beverages at the liquor stores. The group discussed the importance of extending the success, strong customer service and city values from the Municipal Liquor Stores to a potential Municipal Cannabis Store. Ms. Tuominen explained the importance of establishing one cohesive brand for the existing municipal, and any future stores. Mr. Randle left the meeting at some point during the discussion. Mr. Larson then shared the site concept, with the proposed site located at 3803 Stinson Blvd, a property currently owned by the City. Mr. Yunker explained that while the state laws have created an 4 opportunity to sell cannabis, it is too early to determine the financial impacts. From this, staff has proposed utilizing and renovating a property already owned by the City, to minimize costs. The group discussed the importance of the Municipal Liquor Stores and how the quality staff and products at the existing stores will be pivotal to the success of a cannabis store. City Council agreed to general support of the concept and agreed to have staff pursue next steps. 2.Future Agenda Items The next work session will be held on June 24, 2025. 3.Adjournment The meeting adjourned at 8:53 p.m. 5 MEMORANDUM To:Saint Anthony Village City Council From:Deborah Maloney, Finance Director Date:June 24,2026 Request: Future Street Improvement Plan & 2026 Debt Levy BACKGROUND The City’s street improvement program remains a key component of its long-term infrastructure strategy. In recent years, the City has followed a schedule of street reconstructions to address aging pavement and underground utilities following a two-year on, one-year off schedule. This program has been primarily funded through a combination of special assessments and general obligation bonding. Staff has worked in coordination with the City’s engineering team to evaluate and adjust the street reconstruction schedule. As a result of this review, the City is proposing to pause street projects in 2026 and 2027 and transition to an every-other-year project cycle beginning in 2028 to accommodate a Kenzie Terrace reconstruction project scheduled by Hennepin COunty that will include City cost participation. This modification is intended to reduce the frequency of debt issuance while still appropriately maintaining the City’s street and utility infrastructure. This updated pacing also helps allow for debt capacity for other long-term capital needs and creates space to plan for facilities and park investments without sharp fluctuations in the City’s debt service levy. Strategically spacing out street projects will also give the City flexibility to evaluate timing, funding sources, and community priorities as other infrastructure needs emerge. The 2026 debt levy model has been updated to account for the revised street improvement schedule and estimated future bonding amounts. The updated timeline aligns with bond maturities to help maintain a declining debt levy as demonstrated in the image below. 6 For the seventh consecutive year, the City will not increase its Debt Service Levy. As in previous years, staff is reviewing available funds in the debt service funds to reduce the levy amount. The City’s original scheduled 2026 debt levy was $2,189,805.77, $350,297.50 in available funds have been applied to lower the levy to $1,839,508.27. This allows for an infrastructure fund levy of $722,672.73, maintaining the combined total of $2,562,181 consistent with prior years. The infrastructure fund balance is intended to reduce future debt issuances and support stable levy levels over time. The breakdown below demonstrates how the increase in the debt levy produces a corresponding decrease in the infrastructure levy to keep the total debt and infrastructure combined levy consistent with previous years. Any additional cost savings that become available to reduce the debt levy prior to the levy certification will equally increase the infrastructure levy. 2025 Increase (Decrease)2026 Debt Levy 1,458,695$ 380,813$ 1,839,508$ Previously Existing Infrastructure Levy 75,000 -75,000 Infrastructure levy transitioned increase 1,028,486 (380,813)647,673 Infrastructure levy 1,103,486 (380,813)722,673 Combined Street Improvement Levies 2,562,181$ -2,562,181$ This plan decreases future debt levy amounts, and allows the infrastructure fund balance to grow, positioning the City to finance smaller future projects with available cash rather than issuing new debt. The figure below illustrates how, assuming project scope and costs remain stable, the infrastructure fund balance could increase enough to support smaller future projects without borrowing. Levy Year Debt levy Infrastructure Levy -Road Construction Total Combined $ change in Levy Combined % change in Levy Amount Levied less prior bond Eliminations Scheduled bond amount Bond Amount Eliminated Bond Year Bond Impact 2020 2,487,181 -2,487,181 -0% 2021 2,487,181 -2,487,181 -0% 2022 2,487,181 -2,487,181 -0% 2023 2,487,181 -2,487,181 -0% 2024 1,926,734 560,447 2,487,181 -0.00% 2025 1,458,695 1,028,486 2,487,181 -0.00%1,588,932 3,041,371 122,270 2025 BOND REDUCED 4% 2026 1,677,089 810,092 2,487,181 -0.00% 2027 2,023,186 463,994 2,487,181 -0.00% 2028 1,896,546 590,634 2,487,181 -0.00%3,331,382 3,535,000 960,000 2028 BOND REDUCED 27% 2029 1,862,047 625,133 2,487,181 -0.00% 2030 1,788,505 698,675 2,487,181 -0.00%3,695,191 3,603,000 800,000 2030 BOND REDUCED 22% 2031 1,723,594 763,586 2,487,181 -0.00% 2032 1,660,995 826,186 2,487,181 -0.00%4,484,963 3,620,000 750,000 2032 BOND REDUCED 21% 2033 1,601,686 885,494 2,487,181 -0.00% 2034 1,496,576 990,605 2,487,181 -0.00%5,611,062 3,109,000 1,400,000 2034 BOND REDUCED 45% 2035 1,300,824 1,186,356 2,487,181 -0.00% 2036 1,420,751 1,066,430 2,487,181 -0.00%6,463,848 3,844,000 1,410,000 2036 BOND REDUCED 37% 2037 1,031,874 1,455,307 2,487,181 -0.00%6,509,155 Infrastructure fund balance availabe 2038 955,633 1,531,547 2,487,181 -0.00%8,040,702 2039 1,169,970 1,317,211 2,487,181 -0.00%9,357,913 2040 1,239,382 1,247,799 2,487,181 -0.00%10,605,712 2041 1,234,464 1,252,717 2,487,181 -0.00%11,858,429 2042 1,397,030 1,090,151 2,487,181 -0.00%12,948,580 Transition of Debt Levy to Infrastruture Levy Use of Infrastructure Levy 7 In response to the current higher interest rate environment and consistent with the goal of reduced debt, staff has worked to reduce the bond amount for the 2025 Street and Utility Improvement Project. The utility costs for the 2025 Street and Utility Improvement Project were able to be reduced through the use of one-time utility infrastructure funds, made available by the repayment of an interfund loan from a TIF fund to the Utilities Infrastructure Fund. Because a portion of the project (39TH Mill & Overlay) was in a TIF fund, part of the costs are eligible to use TIF funds. Stormwater funds were applied to applicable stormwater costs Street infrastructure fund dollars are recommended for payment of the pedestrian safety improvements and Saint Anthony Boulevard sidewalk improvements, which is consistent with previous intent for this fund. The equation below demonstrates how other resources were applied to reduce the bond size from over $3 million to under $2 million. 2025 STREET AND UTILITY PROJECT FUNDING Total Project Costs $3,041,370.96 Utilities Infrastructure Fund (361,255.64) Stormwater Utility Fund (161,285.65) Streets Infrastructure Fund (122,270.38) TIF Fund (525,000.00) Bond proceeds needed: $1,871,559.29 RECOMMENDATION Staff recommends that the City Council discuss the revised street improvement schedule and its alignment with projected debt capacity. Key points for consideration include: Confirming the updated timing of upcoming street reconstruction phases, including proposed off-years Reviewing the City’s existing debt service schedule and capacity for future bonding ATTACHMENTS Presentation 2026 Revised CIP – Street Projects 2026 Debt Levy model 2026 Levy Transition model 8 6/20/2025 1 2026 DEBT LEVY June 24, 2025 DEBT LEVY Background It is standard practice for local governments to utilize tax-exempt bond financing to fund major capital projects. These typically include: Street and utility reconstruction – as needed Park improvements, trails, and sidewalks – as needed Building improvements or replacements – as needed Major equipment purchases –e.g., fire trucks, typically once per decade 1 2 9 6/20/2025 2 STREET AND UTILITY IMPROVEMENT PROCESS •Regular street improvements are a main driver of the debt levy •Detailed Engineering & Financial planning begins approximately one year in advance of the construction start date City Manager, City Engineer, Public Works Director and Finance Director review street reconstruction schedule and revise as needed City Engineer presents updated street reconstruction schedule to City Council and seeks approval for a feasibility report on upcoming years projects Next steps are Council acceptance of feasibility report, hold public informational meetings, approve plans and authorize bids Upon the opening of bids the expected construction costs are used to update the impact to the existing debt levy STREET IMPROVEMENT & DEBT SERVICE FUNDS SOURCES USES •Street improvement debt levy •Bond proceeds •Assessments •Municpal State Aid (MSA) allocation •One-time revenues •& project savings •Street improvement debt service •Street reconstruction •Utility reconstruction •Streetlights •Sidewalks •Mill & overlays •Alleys 3 4 10 6/20/2025 3 DETAILS Was two-year on, one-year off schedule Revised to pause street projects in 2026 and 2027 and transition to an every-other-year project cycle beginning in 2028 Accommodates the Kenzie Terrace reconstruction by Hennepin County and increasing project costs STREET IMPROVEMENT SCHEDULE DEBT LEVY PLANNING Revised schedule creates declining debt levy 5 6 11 6/20/2025 4 LESS FREQUENT DEBT ISSUES Debt Levy will remain at $2,487,181 for seventh consecutive year Fewer Debt Issues combined with reduced bond size INCREASING INFRASTRUCTURE FUND BALANCE IF project scope and costs remain stable, the street infrastructure fund balance will increase enough to support smaller future projects without borrowing. Levy Year Debt levy Infrastructure Levy -Road Construction Total Combined $ change in Levy Combined % change in Levy Amount Levied less prior bond Eliminations Scheduled bond amount Bond Amount Eliminated Bond Year Bond Impact 2020 2,487,181 - 2,487,181 - 0% 2021 2,487,181 - 2,487,181 - 0% 2022 2,487,181 - 2,487,181 - 0% 2023 2,487,181 - 2,487,181 - 0% 2024 1,926,734 560,447 2,487,181 - 0.00% 2025 1,458,695 1,028,486 2,487,181 - 0.00%1,588,932 3,041,371 122,270 2025 BOND REDUCED 4% 2026 1,677,089 810,092 2,487,181 - 0.00% 2027 2,023,186 463,994 2,487,181 - 0.00% 2028 1,896,546 590,634 2,487,181 - 0.00%3,331,382 3,535,000 960,000 2028 BOND REDUCED 27% 2029 1,862,047 625,133 2,487,181 - 0.00% 2030 1,788,505 698,675 2,487,181 - 0.00%3,695,191 3,603,000 800,000 2030 BOND REDUCED 22% 2031 1,723,594 763,586 2,487,181 - 0.00% 2032 1,660,995 826,186 2,487,181 - 0.00%4,484,963 3,620,000 750,000 2032 BOND REDUCED 21% 2033 1,601,686 885,494 2,487,181 - 0.00% 2034 1,496,576 990,605 2,487,181 - 0.00%5,611,062 3,109,000 1,400,000 2034 BOND REDUCED 45% 2035 1,300,824 1,186,356 2,487,181 - 0.00% 2036 1,420,751 1,066,430 2,487,181 - 0.00%6,463,848 3,844,000 1,410,000 2036 BOND REDUCED 37% 2037 1,031,874 1,455,307 2,487,181 - 0.00%6,509,155 Infrastructure fund balance availabe 2038 955,633 1,531,547 2,487,181 - 0.00%8,040,702 2039 1,169,970 1,317,211 2,487,181 - 0.00%9,357,913 2040 1,239,382 1,247,799 2,487,181 - 0.00%10,605,712 2041 1,234,464 1,252,717 2,487,181 - 0.00%11,858,429 2042 1,397,030 1,090,151 2,487,181 - 0.00%12,948,580 Transition of Debt Levy to Infrastruture Levy Use of Infrastructure Levy Levy Year Debt levy Infrastructure Levy -Road Construction Total Combined $ change in Levy Combined % change in Levy Amount Levied less prior bond Eliminations Scheduled bond amount Bond Amount Eliminated Bond Year Bond Impact 2020 2,487,181 - 2,487,181 - 0% 2021 2,487,181 - 2,487,181 - 0% 2022 2,487,181 - 2,487,181 - 0% 2023 2,487,181 - 2,487,181 - 0% 2024 1,926,734 560,447 2,487,181 - 0.00% 2025 1,458,695 1,028,486 2,487,181 - 0.00%1,588,932 3,041,371 122,270 2025 BOND REDUCED 4% 2026 1,677,089 810,092 2,487,181 - 0.00% 2027 2,023,186 463,994 2,487,181 - 0.00% 2028 1,896,546 590,634 2,487,181 - 0.00%3,331,382 3,535,000 960,000 2028 BOND REDUCED 27% 2029 1,862,047 625,133 2,487,181 - 0.00% 2030 1,788,505 698,675 2,487,181 - 0.00%3,695,191 3,603,000 800,000 2030 BOND REDUCED 22% 2031 1,723,594 763,586 2,487,181 - 0.00% 2032 1,660,995 826,186 2,487,181 - 0.00%4,484,963 3,620,000 750,000 2032 BOND REDUCED 21% 2033 1,601,686 885,494 2,487,181 - 0.00% 2034 1,496,576 990,605 2,487,181 - 0.00%5,611,062 3,109,000 1,400,000 2034 BOND REDUCED 45% 2035 1,300,824 1,186,356 2,487,181 - 0.00% 2036 1,420,751 1,066,430 2,487,181 - 0.00%6,463,848 3,844,000 1,410,000 2036 BOND REDUCED 37% 2037 1,031,874 1,455,307 2,487,181 - 0.00%6,509,155 Infrastructure fund balance availabe 2038 955,633 1,531,547 2,487,181 - 0.00%8,040,702 2039 1,169,970 1,317,211 2,487,181 - 0.00%9,357,913 2040 1,239,382 1,247,799 2,487,181 - 0.00%10,605,712 2041 1,234,464 1,252,717 2,487,181 - 0.00%11,858,429 2042 1,397,030 1,090,151 2,487,181 - 0.00%12,948,580 Transition of Debt Levy to Infrastruture Levy Use of Infrastructure Levy 7 8 12 6/20/2025 5 THANK YOU Questions? 9 13 ATTACHMENT 4 Levy Year Debt levy Infrastructure Levy -Road Construction Total Combined $ change in Levy Combined % change in Levy Amount Levied less prior bond Eliminations Scheduled bond amount Bond Amount Eliminated Bond Year Bond Impact 2020 2,487,181 - 2,487,181 - 0% 2021 2,487,181 - 2,487,181 - 0% 2022 2,487,181 - 2,487,181 - 0% 2023 2,487,181 - 2,487,181 - 0% 2024 1,926,734 560,447 2,487,181 - 0.00% 2025 1,458,695 1,028,486 2,487,181 - 0.00%1,588,932 3,041,371 122,270 2025 BOND REDUCED 4% 2026 1,677,089 810,092 2,487,181 - 0.00% 2027 2,023,186 463,994 2,487,181 - 0.00% 2028 1,896,546 590,634 2,487,181 - 0.00%3,331,382 3,535,000 960,000 2028 BOND REDUCED 27% 2029 1,862,047 625,133 2,487,181 - 0.00% 2030 1,788,505 698,675 2,487,181 - 0.00%3,695,191 3,603,000 800,000 2030 BOND REDUCED 22% 2031 1,723,594 763,586 2,487,181 - 0.00% 2032 1,660,995 826,186 2,487,181 - 0.00%4,484,963 3,620,000 750,000 2032 BOND REDUCED 21% 2033 1,601,686 885,494 2,487,181 - 0.00% 2034 1,496,576 990,605 2,487,181 - 0.00%5,611,062 3,109,000 1,400,000 2034 BOND REDUCED 45% 2035 1,300,824 1,186,356 2,487,181 - 0.00% 2036 1,420,751 1,066,430 2,487,181 - 0.00%6,463,848 3,844,000 1,410,000 2036 BOND REDUCED 37% 2037 1,031,874 1,455,307 2,487,181 - 0.00%6,509,155 Infrastructure fund balance availabe 2038 955,633 1,531,547 2,487,181 - 0.00%8,040,702 2039 1,169,970 1,317,211 2,487,181 - 0.00%9,357,913 2040 1,239,382 1,247,799 2,487,181 - 0.00%10,605,712 2041 1,234,464 1,252,717 2,487,181 - 0.00%11,858,429 2042 1,397,030 1,090,151 2,487,181 - 0.00%12,948,580 Transition of Debt Levy to Infrastruture Levy Use of Infrastructure Levy 14 Attachment 2 City of St. Anthony Debt Levy - Roads, Tax Abatement, Public Facilities 138,581 139,547 140,033 2026 Levy Year (levy year) Existing Bonds Fund 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 $1,375,000 - 2010A (Refunded in 2019A)514 111,080 $1,940,000 - 2011A (Refunded in 2019A)516 126,544 121,934 $9,495,000 - 2012A (2006A & 2007A)503/518 138,581 139,547 140,033 $1,775,000 - 2013B (Refunding 2021A)520 112,157 115,529 108,296 111,667 $2,230,000 - 2014A 522 155,015 151,292 152,820 154,190 154,914 $2,580,000 - 2015A 524 183,886 186,029 182,331 183,884 184,819 185,111 $1,455,000 - 2016A 526 106,568 104,965 103,362 107,009 105,025 103,042 105,757 $2,600,000 - 2017A 528 189,575 190,647 191,562 192,320 192,919 193,362 193,646 193,774 $2,610,000 - 2018A 530 178,737 178,797 180,484 176,764 178,294 179,666 180,382 180,927 181,302 $1,145,000 - 2019A 532 101,010 103,320 100,170 103,058 100,537 103,268 100,590 103,162 100,328 102,742 $3,000,000 - 2020A 534 232,856 232,747 237,731 237,150 236,412 232,471 233,780 234,984 236,083 237,077 232,715 (13,145) $2,165,000 - 2021A 538 153,823 151,481 159,639 157,087 154,535 157,233 156,186 93,397 92,398 91,398 90,199 94,250 $2,385,000 - 2022A 540 191,365 193,061 189,350 190,889 187,020 188,401 194,875 190,534 160,901 162,061 162,906 163,584 164,011 - $1,780,000 - 2024A 542 47,611 187,740 192,296 196,328 199,835 197,566 200,285 202,480 209,399 205,030 Total Levy 1,981,198 2,057,089 1,938,074 1,810,346 1,694,310 1,540,120 1,365,502 1,199,258 980,411 798,308 485,820 244,689 164,011 - - - 2025 Road Improvements Bonds $1,725,000 - 2025A 2025A 62,417 185,112 186,201 187,019 182,312 182,691 188,035 187,630 186,926 185,917 42,252 46,298 44,847 43,371 47,117 2026-2037 Road Improvements Bonds 2026 - OFF YEAR $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 2027 - OFF YEAR $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3,535,000 - 2028A 2028A 144,719 230,074 232,935 235,797 238,658 241,520 244,381 247,243 250,104 252,966 255,827 258,689 960K REDUCTION IN BORROWING 960K (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) 2029 - OFF YEAR $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3,603,000 - 2030A 2030A 159,799 255,239 258,306 261,373 264,439 267,506 270,573 273,640 276,707 279,774 800K REDUCTION IN BORROWING 800K (53,333) (53,333) (53,333) (53,333) (53,333) (53,333) (53,333) (53,333) (53,333) (53,333) 2031 - OFF YEAR $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3,620,000 - 2032A 2032A 204,015 277,535 279,897 282,260 284,622 286,985 289,347 291,710 750K REDUCTION IN BORROWING 750K (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) 2033 - OFF YEAR $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3,109,000- 2034A 2034A 183,720 231,967 233,518 235,068 236,619 238,169 1.04M REDUCTION IN BORROWING (69,400) (69,400) (69,400) (69,400) (69,400) (69,400) 2035 - OFF YEAR $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3844,000- 2036A 2036A 447664.39 219,119 292,861 295,230 297,600 1.41M REDUCTION IN BORROWING (94,000) (94,000) (94,000) (94,000) 2037 - OFF YEAR $0.00 $0.00 $0.00 $0.00 $3,445,000 - 2038A 2038A 203,602 257,056 2039 - OFF YEAR $0.00 $0.00 $3,605,000 - 2040A 2040A 2041 - OFF YEAR $0.00 $6,075,000- 2042A 2042A 2043 - OFF YEAR $0.00 $0.00 Additional Levy - 185,112 186,201 267,738 348,385 458,093 561,737 721,276 800,020 921,622 1,282,159 973,501 1,055,633 1,269,970 1,339,382 Road levy before debt reduction 1,981,198 2,057,089 2,123,186 1,996,546 1,962,047 1,888,505 1,823,594 1,760,995 1,701,686 1,598,328 1,407,442 1,526,848 1,137,512 1,055,633 1,269,970 1,339,382 Stormwater Utilty - - - - - - - - - - - - - - - - MSA Advance - - - - - - - - - (1,752) (6,618) (6,097) (5,638) - - - Excess Bond Balance (522,500) (280,000) - - - - - - - - - - - - - - Conduit Fee/Refunding & Project savings - - - - - - - - - - - - - - - - Water / Sewer bonds retired (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) Public Facilities/Abatement Excess - - - - - - - - - - - - - - - - Infrastructure Levy - - - - Road improvement levy 1,358,698 1,677,089 2,023,186 1,896,546 1,862,047 1,788,505 1,723,594 1,660,995 1,601,686 1,496,576 1,300,824 1,420,751 1,031,874 955,633 1,169,970 1,239,382 % Change in Road levy -19.76%23.43%20.64%-6.26%-1.82%-3.95%-3.63%-3.63%-3.57%-6.56%-13.08%9.22%-27.37%-7.39%22.43%5.93% $ Change in Road levy (334,622) 318,391 346,097 (126,640) (34,499) (73,542) (64,911) (62,599) (59,308) (105,110) (195,752) 119,927 (388,877) (76,240) 214,336 69,412 TAX ABATEMENT (2016B/2017A)96,390 - - - - - - - - - - - - - - - PUBLIC FACILITIES (Refunded 2012A)- - - - - - - - - - - - - - - - 96,390 - - - - - - - - - - - - - - - FLATL LINE Total debt levied after reduction 1,455,088 1,677,089 2,023,186 1,896,546 1,862,047 1,788,505 1,723,594 1,660,995 1,601,686 1,496,576 1,300,824 1,420,751 1,031,874 955,633 1,169,970 1,239,382 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Total levied debt before reduction 2,077,588 2,057,089 2,123,186 1,996,546 1,962,047 1,888,505 1,823,594 1,760,995 1,701,686 1,598,328 1,407,442 1,526,848 1,137,512 1,055,633 1,269,970 1,339,382 % Change in Debt Levied -24.48%15.26%20.64%-6.26%-1.82%-3.95%-3.63%-3.63%-3.57%-6.56%-13.08%9.22%-27.37%-7.39%22.43%5.93% % Change in Debt Scheduled to be levied -13.67%-0.99%3.21%-5.96%-1.73%-3.75%-3.44%-3.43%-3.37%-6.07%-11.94%8.48%-25.50%-7.20%20.30%5.47% $ Change in Debt Levied (471,647)222,001 346,097 (126,640) (34,499) (73,542) (64,911) (62,599) (59,308) (105,110) (195,752) 119,927 (388,877) (76,240) 214,336 69,412 1,000,000 1,100,000 1,200,000 1,300,000 1,400,000 1,500,000 1,600,000 1,700,000 1,800,000 1,900,000 2,000,000 2,100,000 2,200,000 2,300,000 2,400,000 2,500,000 2,600,000 2,700,000 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 Total Debt Levied before reduction Modifed the pace of improvements, transition Debt Levy to Infrastrucure Levy Total Debt Levied after reduction Z:\Budget 2026\Debt Levy\2026 debt levy 6/18/2025 15 ANNUAL STREET PROGRAM DETAILED COSTS ATTACHMENT 1 PROJECTED BASE PROJECTED Original Const.Proposed Year Road From To Street Length Improvement COST PER FT Cost Est Assessments net city cost PP SA Bond size Bond 2025 Macalaster Drive South terminus 39th Avenue 500 Reconstruct 2025 Anthony Lane N County Road C North terminus 800 Mill / Overlay 2005 2025 39th Avenue Stinson Blvd Silver Lake Road 2200 MSA Mill / Overlay 2000 2025 29th Avenue Silver Lake Road Rankin Road 1290 MSA Mill / Overlay 1999 2025 Wilson Street 27th Avenue St. Anthony Boulevard 480 Mill / Overlay 2001 2025 Wilson Street 29th Avenue 30th Avenue 630 Mill / Overlay 2001 2025 W Armour Terrace Roosevelt Street Silver Lake Road 1840 Mill / Overlay 2006 2025 30th Avenue Stinson Boulevard Wilson Street 960 Mill / Overlay 2001 2025 30th Avenue Wilson Street Silver Lake Road 1270 Mill / Overlay 2006 2025 Murray Avenue Roosevelt Street Wilson Street 830 Mill / Overlay 2006 2025 Murray Avenue Wilson Street Coolidge Street 710 Mill / Overlay 2006 2025 Coolidge Street St. Anthony Boulevard 29th Avenue 730 Mill / Overlay 2006 2025 Roosevelt Street St. Anthony Boulevard 30th Avenue 1210 Mill / Overlay 2026 OFF YEAR 2027 OFF YEAR 2028 Kenzie Terrace (County Improvements)St. Anthony Boulevard Stinson Boulevard 2700 Reconstruct 1,730,000.00$ 766,869.35$ 963,131 76,687 1,653,313 3,629,000 15 yr bond 2028 Kenzie Terrace (Sanitary and Water)St. Anthony Boulevard Stinson Boulevard 2700 Reconstruct 1,778,068.21$ 1,778,068 1,778,068 3,508,068.21$ 766,869.35$ 2,741,198.86$ 2028 2029 OFF YEAR 2030 Townview Avenue Silver Lake Road Rankin Road 1280 Reconstruct 2,125.04$ 2,720,045.98$ 385,693.25$ 2,334,353 38,569 2,681,477 2030 Rankin Road CR 88 31st Avenue 1310 A, Mill / Overlay 197.59$ 258,837.81$ 258,838 - 258,838 2,836,000 15 yr bond 2007 2030 Alley (south of Pahl)Roosevelt Street Wilson Street 760 A, Mill / Overlay 197.59$ 150,165.45$ 135,148.90$ 15,017 13,515 136,651 780,000 10 yr bond 2007 2030 Alley (north of Pahl)Roosevelt Street Wilson Street 770 A, Mill / Overlay 197.59$ 152,141.31$ 136,927.18$ 15,214 13,693 138,449 3,616,000 2030 Alley (south of Pahl)Wilson Street 27th Avenue 480 A, Mill / Overlay 197.59$ 94,841.33$ 85,357.20$ 9,484 8,536 86,306 2030 Alley (north of Pahl)Wilson Street 27th Avenue 650 A, Mill / Overlay 197.59$ 128,430.97$ 115,587.88$ 12,843 11,559 116,872 3,504,462.85$ 858,714.40$ 2,645,748.44$ 2030 2031 OFF YEAR 2032 Macalaster Drive 39th Avenue Silver Lane 1260 Reconstruct 2,254.45$ 2,840,607.77$ 402,788.50$ 2,437,819 40,279 2,800,329 1999 2032 Wilson Street 27th Avenue St. Anthony Boulevard 990 Mill / Overlay 167.23$ 165,556.37$ 57,944.73$ 107,612 5,794 159,762 2,962,000 15 yr bond 2007 2032 27th Avenue Stinson Boulevard Pahl Avenue 1550 Mill / Overlay 167.23$ 259,204.42$ 90,721.55$ 168,483 9,072 250,132 755,000 10 yr bond 2007 2032 Roosevelt Street 27th Avenue Pahl Avenue 550 Mill / Overlay 167.23$ 91,975.76$ 32,191.52$ 59,784 3,219 88,757 3,717,000 2007 2032 Pahl Avenue Roosevelt Street Wilson Street 720 Mill / Overlay 167.23$ 120,404.63$ 42,141.62$ 78,263 4,214 116,190 1999 2032 Pahl Avenue Wilson Street Coolidge Street 610 Mill / Overlay 167.23$ 102,009.48$ 35,703.32$ 66,306 3,570 98,439 3,579,758.43$ 661,491.23$ 2,918,267.20$ 2032 2033 OFF YEAR 2034 31st Avenue Silver Lake Road Rankin Road 1280 Reconstruct 2,391.75$ 3,061,435.71$ 434,101.15$ 2,627,335 43,410 3,018,026 3,192,000 15 yr bond 3,061,435.71$ 434,101.15$ 2,627,334.56$ 2034 2035 OFF YEAR 2036 Shamrock Drive 39th Avenue Silver Lane 1260 Reconstruct 2,537.40$ 3,197,129.07$ 453,342.00$ 2,743,787 45,334 3,151,795 3,333,000 15 yr bond 2009 2036 Chandler Drive/Foss Road 37th Avenue Highcrest Road 3190 Mill / Overlay 188.22$ 600,413.27$ 210,144.65$ 390,269 21,014 579,399 613,000 10 yr bond 3,797,542.34$ 663,486.65$ 3,134,055.69$ 3,946,000 2036 2037 OFF YEAR 2038 Fordham Drive 39th Avenue Silver Lane 1260 Reconstruct 2,691.93$ 3,391,834.23$ 480,950.53$ 2,910,884 48,095 3,343,739 3,536,000 15 yr bond 3,391,834.23$ 480,950.53$ 2,910,883.70$ 2038 2039 OFF YEAR 2020 2040 32nd Avenue / Skycroft Drive Rankin Road 31st Avenue 1280 Mill / Overlay 211.84$ 271,155.53$ 94,904.44$ 176,251 9,490 261,665 2020 2040 Silver Lake Terrace Silver Lane north terminu 480 Mill / Overlay 211.84$ 101,683.32$ 35,589.16$ 66,094 3,559 98,124 - 15 yr bond MO in 2020 2040 Silver Lane Stinson Blvd Silver Lake Road 2400 MSA Mill / Overlay 275.88$ 662,112.43$ 231,739.35$ 430,373 23,174 638,938 3,701,000 10 yr bond 2021 2040 Skycroft Drive 33rd Avenue 32nd Avenue 600 Mill / Overlay 211.84$ 127,104.16$ 44,486.45$ 82,618 4,449 122,656 3,701,000 2021 2040 Croft Drive 33rd Avenue 32nd Avenue 600 Mill / Overlay 211.84$ 127,104.16$ 44,486.45$ 82,618 4,449 122,656 MO in 2021 2040 29th Avenue Stinson Boulevard Silver Lake Road 1947 MSA Mill / Overlay 275.88$ 537,138.71$ 187,998.55$ 349,140 18,800 518,339 MO in 2021 2040 St. Anthony Boulevard Stinson Boulevard Kenzie Terrace 1948 MSA Mill / Overlay 275.88$ 537,414.59$ 188,095.11$ 349,319 18,810 518,605 MO in 2021 2040 31st Avenue Rankin Road Croft Drive 840 Mill / Overlay 211.84$ 177,945.82$ 62,281.04$ 115,665 6,228 171,718 MO in 2021 2040 Croft Drive Rankin Road 31st Avenue 1030 Mill / Overlay 211.84$ 218,195.47$ 76,368.41$ 141,827 7,637 210,559 MO in 2022 2040 East Gate Road Crestview Drive Rankin Road 360 Mill / Overlay 211.84$ 76,262.49$ 26,691.87$ 49,571 2,669 73,593 MO in 2022 2040 Crest View Drive 29th Avenue 31st Avenue 1490 Mill / Overlay 211.84$ 315,641.99$ 110,474.70$ 205,167 11,047 304,595 MO in 2022 2040 Bell Lane Armour Terrace Crestview Drive 660 Mill / Overlay 211.84$ 139,814.57$ 48,935.10$ 90,879 4,894 134,921 MO in 2022 2040 Armour Terrace Silver Lake Road Crestview Drive 1580 Mill / Overlay 211.84$ 334,707.61$ 117,147.66$ 217,560 11,715 322,993 3,626,280.85$ 1,269,198.30$ 2,357,082.56$ 2040 2041 OFF YEAR 2042 Rankin Road CR 88 31st Avenue 1310 Reconstruct 4,544.69$ 5,953,543.44$ 562,794.78$ 5,390,749 56,279 5,897,264 6,237,000 15 yr bond 16 ANNUAL STREET PROGRAM DETAILED COSTS ATTACHMENT 1 5,953,543.44$ 562,794.78$ 5,390,748.66$ 2042 2043 OFF YEAR 2044 Penrod Lane 39th Avenue Silver Lane 1260 Reconstruct 3,214.31$ 4,050,027.45$ 574,280.09$ 3,475,747 57,428 3,992,599 4,223,000 15 yr bond 4,050,027.45$ 574,280.09$ 3,475,747.36$ 2044 2045 OFF YEAR 2022 2046 Rankin Road 31st Avenue 33rd Avenue 1370 MSA Mill / Overlay 329.42$ 451,299.05$ 157,954.67$ 293,344 15,795 435,504 MO in 2022 2046 Alley (south of 29th)29th Avenue Alley (west of Roosevelt)350 A, Mill / Overlay 317.07$ 110,973.70$ 99,876.33$ 11,097 9,988 100,986 - 15 yr bond MO in 2022 2046 Alley (west of Roosevelt)Roosevelt Street West Terminus 310 A, Mill / Overlay 317.07$ 98,290.99$ 88,461.89$ 9,829 8,846 89,445 3,898,000 10 yr bond MO in 2022 2046 Alley (south of 29th)29th Avenue Murray Avenue 300 A, Mill / Overlay 317.07$ 95,120.31$ 85,608.28$ 9,512 8,561 86,559 3,898,000 MO in 2024 2046 31st Avenue Silver Lake Road Rankin Road 1280 Mill / Overlay 252.95$ 323,773.89$ 113,320.86$ 210,453 11,332 312,442 MO in 2024 2046 Hilldale Avenue Silver Lake Road Rankin Road 1270 Mill / Overlay 252.95$ 321,244.40$ 112,435.54$ 208,809 11,244 310,001 MO in 2024 2046 32nd Avenue Silver Lake Road Rankin Road 1270 Mill / Overlay 252.95$ 321,244.40$ 112,435.54$ 208,809 11,244 310,001 MO in 2024 2046 Roosevelt Street 35th Street County Road D 1560 Mill / Overlay 252.95$ 394,599.42$ 138,109.80$ 256,490 13,811 380,788 MO in 2024 2046 35th Street Stinson Boulevard Harding Street 1290 Mill / Overlay 252.95$ 326,303.37$ 114,206.18$ 212,097 11,421 314,883 MO in 2024 2046 Roosevelt Street 34th Avenue 35th Avenue 630 Mill / Overlay 252.95$ 159,357.46$ 55,775.11$ 103,582 5,578 153,780 MO in 2024 2046 Edward Street 34th Avenue 35th Avenue 630 Mill / Overlay 252.95$ 159,357.46$ 55,775.11$ 103,582 5,578 153,780 MO in 2024 2046 Harding Street 34th Avenue 36th Avenue 1430 Mill / Overlay 252.95$ 361,716.14$ 126,600.65$ 235,115 12,660 349,056 MO in 2024 2046 Hilldale Avenue Belden Drive Silver Lake Road 1100 Mill / Overlay 252.95$ 278,243.18$ 97,385.11$ 180,858 9,739 268,505 MO in 2024 2046 32nd Avenue Belden Drive Silver Lake Road 1100 Mill / Overlay 252.95$ 278,243.18$ 97,385.11$ 180,858 9,739 268,505 MO in 2024 2046 Edward Street 33rd Avenue 34th Avenue 620 Mill / Overlay 252.95$ 156,827.98$ 54,889.79$ 101,938 5,489 151,339 3,836,594.94$ 1,510,219.98$ 2,326,374.96$ 2046 2047 OFF YEAR MO in 2024 2048 Belden Drive 33rd Avenue 34th Avenue 1280 Mill / Overlay 268.35$ 343,491.72$ 120,222.10$ 223,270 12,022 331,470 MO in 2024 2048 Belden Drive 32nd Avenue 33rd Avenue 650 Mill / Overlay 268.35$ 174,429.39$ 61,050.29$ 113,379 6,105 168,324 - 15 yr bond MO in 2024 2048 34th Avenue Stinson Boulevard Silver Lake Road 2200 Mill / Overlay 268.35$ 590,376.39$ 206,631.74$ 383,745 20,663 569,713 3,640,000 10 yr bond MO in 2024 2048 Edward Street 31st Street 33rd Avenue 1390 Mill / Overlay 268.35$ 373,010.54$ 130,553.69$ 242,457 13,055 359,955 3,640,000 MO in 2024 2048 32nd Street Edward Street Belden Drive 310 Mill / Overlay 268.35$ 83,189.40$ 29,116.29$ 54,073 2,912 80,278 MO in 2024 2048 Wilson Street 31st Street 32nd Street 630 Mill / Overlay 268.35$ 169,062.33$ 59,171.82$ 109,891 5,917 163,145 MO in 2024 2048 Roosevelt Street 33rd Avenue north terminus 340 Mill / Overlay 268.35$ 91,239.99$ 31,934.00$ 59,306 3,193 88,047 MO in 2024 2048 Roosevelt Street 31st Street 33rd Avenue 1290 Mill / Overlay 268.35$ 346,175.25$ 121,161.34$ 225,014 12,116 334,059 MO in 2024 2048 St. Anthony Road Roosevelt Street Edward Street 400 Mill / Overlay 268.35$ 107,341.16$ 37,569.41$ 69,772 3,757 103,584 MO in 2024 2048 31st Avenue Wilson Street Silver Lake Road 1260 Mill / Overlay 268.35$ 338,124.66$ 118,343.63$ 219,781 11,834 326,290 MO in 2024 2048 31st Avenue Stinson Boulevard Wilson Street 990 Mill / Overlay 268.35$ 265,669.37$ 92,984.28$ 172,685 9,298 256,371 MO in 2024 2048 Wilson Street 30th Avenue 31st Avenue 630 Mill / Overlay 268.35$ 169,062.33$ 59,171.82$ 109,891 5,917 163,145 MO in 2024 2048 Harding Street 30th Avenue 31st Avenue 630 Mill / Overlay 268.35$ 169,062.33$ 59,171.82$ 109,891 5,917 163,145 MO in 2024 2048 Townview Avenue Wilson Street Silver Lake Road 1290 Mill / Overlay 268.35$ 346,175.25$ 121,161.34$ 225,014 12,116 334,059 3,566,410.09$ 1,248,243.53$ 2,318,166.56$ 2048 17 ANNUAL STREET PROGRAM DETAILED COSTS ATTACHMENT 1 2049 OFF YEAR 2025 2050 Macalaster Drive South terminus 39th Avenue 500 Mill / Overlay 284.70$ 142,347.80$ 49,821.73$ 92,526 4,982 137,366 MO in 2025 2050 39th Avenue Stinson Blvd Silver Lake Road 2200 MSA Mill / Overlay 370.76$ 815,671.76$ 285,485.12$ 530,187 28,549 787,123 - 15 yr bond MO in 2025 2050 29th Avenue Silver Lake Road Rankin Road 1290 MSA Mill / Overlay 370.76$ 478,280.26$ 167,398.09$ 310,882 16,740 461,540 3,982,000 10 yr bond MO in 2025 2050 Wilson Street 27th Avenue St. Anthony Boulevard 480 Mill / Overlay 284.70$ 136,653.89$ 47,828.86$ 88,825 4,783 131,871 3,982,000 MO in 2025 2050 Wilson Street 29th Avenue 30th Avenue 630 Mill / Overlay 284.70$ 179,358.23$ 62,775.38$ 116,583 6,278 173,081 MO in 2025 2050 W Armour Terrace Roosevelt Street Silver Lake Road 1840 Mill / Overlay 284.70$ 523,839.90$ 183,343.96$ 340,496 18,334 505,505 MO in 2025 2050 30th Avenue Stinson Boulevard Wilson Street 960 Mill / Overlay 284.70$ 273,307.77$ 95,657.72$ 177,650 9,566 263,742 MO in 2025 2050 30th Avenue Wilson Street Silver Lake Road 1270 Mill / Overlay 284.70$ 361,563.41$ 126,547.19$ 235,016 12,655 348,909 MO in 2025 2050 Murray Avenue Roosevelt Street Wilson Street 830 Mill / Overlay 284.70$ 236,297.34$ 82,704.07$ 153,593 8,270 228,027 MO in 2025 2050 Murray Avenue Wilson Street Coolidge Street 710 Mill / Overlay 284.70$ 202,133.87$ 70,746.86$ 131,387 7,075 195,059 MO in 2025 2050 Coolidge Street St. Anthony Boulevard 29th Avenue 730 Mill / Overlay 284.70$ 207,827.78$ 72,739.72$ 135,088 7,274 200,554 MO in 2025 2050 Roosevelt Street St. Anthony Boulevard 30th Avenue 1210 Mill / Overlay 284.70$ 344,481.67$ 120,568.58$ 223,913 12,057 332,425 3,901,763.68$ 1,365,617.29$ 2,536,146.39$ 2050 2051 OFF YEAR 2052 OFF YEAR 2053 Skycroft Circle Skycroft Drive Skycroft Drive 1550 Reconstruct 4,193.94$ 6,500,610.45$ 921,764.40$ 5,578,846 92,176 6,408,434 8,434,000 15 yr bond 2053 34th Avenue Skycroft Drive Croft Drive 300 Reconstruct 4,193.94$ 1,258,182.67$ 178,406.01$ 1,079,777 17,841 1,240,342 7,758,793.12$ 1,100,170.42$ 6,658,622.71$ 2053 2054 OFF YEAR 2055 Croft Drive 33rd Avenue Downers Drive 1270 Reconstruct 4,449.35$ 5,650,678.70$ 801,246.98$ 4,849,432 80,125 5,570,554 5,891,000 15 yr bond 5,650,678.70$ 801,246.98$ 4,849,431.73$ 2055 2056 OFF YEAR 2057 Downers Drive Skycroft Drive Highcrest Road 1140 Reconstruct 4,720.32$ 5,381,163.58$ 763,030.65$ 4,618,133 76,303 5,304,861 5,610,000 15 yr bond 5,381,163.58$ 763,030.65$ 4,618,132.93$ 2057 2058 OFF YEAR 2059 Skycroft Drive Maplewood Drive 33rd Avenue 1560 Reconstruct 5,007.79$ 7,812,146.71$ 1,107,735.77$ 6,704,411 110,774 7,701,373 8,144,000 15 yr bond 7,812,146.71$ 1,107,735.77$ 6,704,410.93$ 2059 TBD Anthony Lane N County Road C North terminus 800 Reconstruct #N/A TBD Anthony Lane S County Road C south 2930 Reconstruct #N/A TBD 33rd Avenue Stinson Blvd Old Highway 8 4900 Reconstruct #N/A TBD 37th Avenue Stinson Blvd Silver Lake Road 2100 Reconstruct #N/A TBD Silver Lane Stinson Blvd Silver Lake Road 2400 Reconstruct #N/A TBD Silver Lake Crt NE Silver Lane N Terminus 530 Reconstruct #N/A Not Currently Planned 18 INFRASTRUCTURE PLANNING Presented June 24, 2025 CITY BUDGET OVERVIEW Guiding framework for local government to ensure compliance with legal requirements Shapes how City operates and allocates resources to fulfill Council priorities and community goals Establishes framework for city services, programs and projects Dictates how funds are distributed to essential areas (public safety, infrastructure, public works, etc. Defines our financial capacity to meet residents’ needs and desires RO A D M A P T O G U I D E D E C I S I O N - M A K I N G RO A D M A P T O G U I D E D E C I S I O N - M A K I N G 1 2 19 ANNUAL BUDGET ROADMAP CITY FUNCTIONS AND PRIORITIES CITY FUNCTIONS Administration Finance Public Safety – Police & Fire Public Works Infrastructure & Parks Municipal Liquor Stores COMMUNITY PRIORITIES Dedicated Police and Fire Departments with rapid emergency response (less than 3 minutes) 24/7/365 Reliable Public Works providing snow removal from streets and sidewalks, streets maintenance, water and sewer utilities, parks amenities, and supporting community activities Continued commitment to environmental sustainability and climate resilience Robust communications function to ensure the community feels informed and engaged Long-range financial planning and responsible use of taxpayer funds to maintain city services and quality infrastructure 3 4 20 CITY’S FUNDING SOURCES CATEGORIES Tax Levy (Property Taxes) Intergovernmental (Grants & Partner Contracts) Fees (Licenses, Permits, Fines, utility charges) Sales (Municipal Retail Operations) Debt (Bonds) UNDERSTANDING FUND CATEGORIES PRIMARY FUNDING SOURCECATEGORIES Property Taxes, Intergovernmental & Partner Contracts Overall City services operating fund. Includes personnel and operational costs for general government, police, fire, public works and parks. General Fund Property Taxes & Partner Contracts Housing and Redevelopment Authority –commercial and residential redevelopment activities in community Community Center Fund –accounts for costs to operate and maintain building Police Services Fund –accounts for revenue and costs to provide police services to Saint Anthony Village, Lauderdale and Falcon Heights Special Revenue Funds 5 6 21 UNDERSTANDING FUND CATEGORIES PRIMARY FUNDING SOURCECATEGORIES Property TaxesCapital Equipment, Improvements to Buildings, Streets, Stormwater and Minor Parks Amenities Capital Funds DebtStreet Reconstructions, sidewalks, Building Renovations/Expansions, Parks Amenities Infrastructure Funds Property TaxesPrevious Street, Building, and Parks Improvement Debt Service Debt Service Fund Fees & Sales Liquor Operations –profits from operations are directed to the General Fund and Capital Equipment Fund Utility (Water & Sewer) –provides water and sewer services that are recovered primarily through a user-fee to city residents and businesses Enterprise Funds TAX LEVY Service Delivery Police, Fire, Public Works, Parks, Emergency Management, Finance, Administration, HRA Capital Plan Buildings Maintenance, Equipment, Fleet, Technology, Parks Maintenance Infrastructure Improvements Street and Utilities Reconstruction 13% 64% 7% 4% 12%Capital Improvements: 21% Debt: 7% Debt Service/ Infrastructure Levy: 26%* Capital: 6% Operating: 68% Intergovernmental & Partner Contracts Fees Sales Transfers Tax Levy NOTE: DEBT SERVICE REPRESENTS THE MAJORITY OF THE 26% 7 8 22 HOW THE MONEY FLOWS RE V E N U E EX P E N D E T U R E S GENERAL FUND CAPITAL FUNDS ENTERPRISE FUNDS PROPERTY TAXES HRA FUND DEBT PROCEEDS ALL OTHER REVENUE WATER/SEWER FEES GENERAL FUND CITY SERVICES COMM CENTER FUND CIP FUND BUILDINGS & EQUIPMENTDEBT SERVICE FUND STREET PROJECT FUNDS ALCOHOL & THC SALES UTILITY FUNDS LIQUOR FUND POLICE SERVICES FUND NOTE: NOT COMPREHENSIVE. INTENDED TO DEMONSTRATE THE SIGNIFICANT SOURCES, USES & FLOW WHAT DEBT IS UTILIZED FOR FUNDING SOURCENEEDS AND REQUESTSINFRASTRUCTURE CATEGORIES Future Debt issuance and Infrastructure Levy As presented in street reconstruction schedule Street Reconstructions Full street reconstructions, mill and overlays, underground utilities, sidewalks Future Debt issuance One-time funds and future debt issuance As reflected in the City CIP Plan CURRENT REQUESTS: Pickleball Courts - $350,000 (current estimate) Field Lighting - $550,000 (need updated quotes) Dog Park - $200,000 (preliminary estimate) Parks Amenities Replacements Playgrounds, splashpads, trails, ice rinks, skatepark, athletic fields Outside funding and debt issuance Public Safety Facility or Renovation/Expansion of current Fire & Police Department facilities City Facility Upgrades & Replacements New and major renovation/expansion of existing city buildings, park pavilions/shelters 9 10 23 COUNCIL DISCUSSION Below are the specific items for discussion and feedback for the City Council: •Discussion on upcoming facility and park amenity needs and desires, and their financial impact •Appropriate timing •Funding strategy •Other considerations? Note: Intent is to begin discussion for further consideration. Council can certainly give direction on item(s) now, but it is not necessary at this time THANK YOU 11 12 24 FUTURE COUNCIL AGENDA ITEMS Date Type Staff Present / Contributing Packet Due Date 2025 July 8 Work Session Rental Ordinances 2026 Initial Property Tax Levy Scenarios City Council City Manager City Planner Finance Director July 1 July 8 Regular Planning Commission items from June Quarterly Donations & Grants Audit Report Quarterly Goals Update Sale of Bonds City Council City Manager Finance Director July 1 July 22 Work Session PEC worksession topics City Council City Manager Sustain. Coord. July 15 July 22 Regular Liquor Operations Mid Year Report VillageFest Presentation Night to Unite Presentation Night to Unite Proclamation City Council City Manager Liquor Op Mgr Police Chief July 15 August 12 Work Session Discuss Updated Levy Scenarios/Detailed General Fund Budget City Council City Manager Finance Director August 5 August 12 Regular Planning Commission items from July Approve 2026 Feasibility Study and Order Plans and Specs City Council City Manager August 5 August 26 Work Session City Council City Manager City Planner August 19 August 26 Regular 2026 Proposed Budget & Levy Presentation City Council City Manager Finance Director August 19 September 9 Work Session City Council City Manager City Planner September 2 September 9 Regular Planning Commission items from August 2026 Preliminary Operating Budget and Debt Levy-PUBLIC HEARING Students in Leadership-Consent City Council City Manager Finance Director September 2 September 23 Work Session City Council City Manager September 16 September 23 Regular Spirit of St. Anthony Award Fire Prevention Presentation Planning Commission items from August City Council City Manager Fire Dept September 16 October 14 Work Session 2026 Long Term Capital Budget Plans City Council City Manager Finance Director October 7 October 14 Regular Preliminary Certification of Delinquent Waste Hauler Accounts- Consent Agenda Preliminary Certification of Delinquent Utility Accounts-Consent City Council City Manager October 7 25 FUTURE COUNCIL AGENDA ITEMS Date Type Staff Present / Contributing Packet Due Date October 28 Work Session 2026 Utility Rates and Budgets City Council City Manager Finance Director October 21 October 28 Regular Quarterly Donations & Grants Quarterly Goals Update City Council City Manager Finance Director October 21 November 10 Work Session Roles and Expectations for City Commissions Discussion City Council City Manager November 3 November 10 Regular Planning Commission items from October 1st Reading Water, Sewer, & Stormwater-PUBLIC HEARING Presentation on Water and Sewer Rates Canvass election results Approval of CIP City Council City Manager Finance Director November 3 November 17 Work Session Commission Interviews City Council City Manager November 10 November 25 Regular Fire Prevention Poster Winners 2nd Reading and Adoption Water, Sewer, & Stormwater Street Project Approve Plans & Specifications, Authorize Advertisement for Bids City Council City Manager November 18 December 16 Work Session City Council City Manager December 9 December 16 Regular Planning Commission items from November Appoint Parks and Planning Commissioners and Chair/Vice Chairs Setting Salary of City Manager City Council City Manager Finance Director December 9 December 23 Regular (Typically Cancelled) 2026 January 13 Work Session Tobacco Ordinance Revisions City Council City Manager Code Official ANSR January 6 January 13 Regular Planning Commission items from December Housekeeping Resolutions Resolution for the Street Improvement Bond Reimbursement Quarterly Donations & Grants NYFS Agreement Outside Orgs-Council City Council City Manager NYFS January 6 January 27 Work Session 2026 Goals Draft City Council City Manager January 20 January 27 Regular Public Works Snow Plowing Operations presentation City Council City Manager PW Director January 20 February 10 Work Session City Council City Manager February 3 26 FUTURE COUNCIL AGENDA ITEMS Date Type Staff Present / Contributing Packet Due Date February 10 Regular Planning Commission items from January Public Hearing-2027 Budget Calendar and Process 2026 Planning Commission Work Plan- (motion only) 2026 Parks and Environmental Commission Work Plan- (motion only) Adoption of Strategic Plan City Council City Manager Finance Director February 3 March 10 Work Session City Council City Manager March 3 March 10 Regular Planning Commission Items from February Public Works Annual Report NineNorth Presentation City Council City Manager PW Director March 3 March 24 Work Session City Council City Manager March 17 March 24 Regular Police Annual Report Call for Public Hearing on Road Improvements and Assessments Order the Preparation of Assessments City Council City Manager Police Dept WSB March 17 April 14 Work Session City Council City Manager April 7 April 14 Regular Planning Commission Items from March Quarterly Donations & Grants Fire Annual Report Arbor Day Proclamation Earth Day Proclamation Quarterly Goals Update City Council City Manager Fire Dept April 7 April 28 Work Session City Council City Manager April 21 April 28 Regular Finance Annual Report Insurance Renewal & Tort Limits- Consent Road Improvements and Assessments- PUBLIC HEARING City Council City Manager Finance Director WSB April 21 May 12 Work Session City Council City Manager May 5 May 12 Regular Planning Commission items from April Villager of the Year and Business of the Year City Council City Manager May 5 May 26 Work Session City Council City Manager May 19 May 26 Regular City Council City Manager May 19 June 9 Work Session City Council City Manager June 2 June 9 Regular Planning Commission Items from May Authorize preparation of feasibility study for 2027 street project City Council City Manager June 2 27 FUTURE COUNCIL AGENDA ITEMS Date Type Staff Present / Contributing Packet Due Date June 23 Work Session City Council City Manager June 16 June 23 Regular City Council City Manager June 16 July 7 Work Session 2027 Initial Property Tax Levy Scenarios City Council City Manager Finance Director June 30 July 7 Regular Planning Commission items from June Quarterly Donations & Grants Audit Report City Council City Manager Finance Director June 30 July 21 Work Session City Council City Manager July 14 July 21 Regular Liquor Operations Mid Year Report VillageFest Presentation Night to Unite Presentation Night to Unite Proclamation City Council City Manager Liquor Op Mgr Police Chief July 14 August 11 Work Session Discuss Updated Levy Scenarios/Detailed General Fund Budget City Council City Manager Finance Director August 4 August 11 Regular Planning Commission items from July Approve 2027 Feasibility Study and Order Plans and Specs City Council City Manager August 4 August 25 Work Session City Council City Manager City Planner August 18 August 25 Regular 2027 Proposed Budget & Levy Presentation City Council City Manager Finance Director August 18 September 8 Work Session City Council City Manager City Planner September 1 September 8 Regular Planning Commission items from August 2027 Preliminary Operating Budget and Debt Levy-PUBLIC HEARING Students in Leadership-Consent City Council City Manager Finance Director Engineer September 1 September 22 Work Session City Council City Manager September 15 September 22 Regular Spirit of St. Anthony Award Fire Prevention Presentation Planning Commission items from August City Council City Manager Fire Dept September 15 28