2024.09.16 CC Packet - Laserfiche WebLink

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BACKGROUND MEMO FOR THE CITY COUNCIL MEETING ON SEPTEMBER 16, 2024 D.1 August 29, 2024, Midyear Budget Workshop D.2 September 3, 2024, Council Meeting D.3 September 10, 2024, Hugo Area Business Association Breakfast Staff recommends Council approve the above minutes as presented. F.1 Good Neighbor Days Recap – Lions Member Carrie Schwieger The Hugo Lions Club held Good Neighbor Days on June 7-9, 2024, for the first time at the new Lions Park and Pede Pedersen Pavilion. The Hugo Lions Club would like to provide Council a recap of the event. G. 1 Approval of Claims Staff recommends Council approve the Claims Roster as presented. G.2 Approve Resolution Approving Preliminary Tax Levy for 2025 At its August 29, 2024, Midyear Budget Workshop, the City Council listened to a presentation from Finance Director Anna Wobse highlighting revenues and expenditures to-date as well as projections for the 2025 fiscal year. City Engineer Mark Erichson also presented to the Council an updated 5 Year Street Capital Improvement Plan and discussion was had about future unfunded infrastructure projects. It was the consensus of the Council that the 2025 preliminary levy revert back to following the flat tax rate policy in order to provide additional funds for future infrastructure projects. The total proposed 2025 property tax levy of $12,847,855 will move the urban tax rate to 39.190% of tax capacity. Staff believes this levy is sufficient to fund the operating and capital budgets in 2025 and meets the objectives of the City Council to begin funding future infrastructure projects and recommends the City Council approve the Resolution Approving the Preliminary Tax Levy Payable in 2025. G.3 Approve Pay Request No. 4 Dresel Contracting for 125th Street and Dellwood Ridge Streets Improvement Project Dresel Contracting, Inc. has submitted Pay Request No. 4 in the amount of $219,282.52 for work certified through August 30, 2024, on the 2024 125th Street/Dellwood Ridge Neighborhood Improvement Project. The first layer of asphalt has been placed along Heather and Upper Heather Avenues and restoration work has begun. City staff has inspected the work and recommends Council approve the payment to Dresel Contracting, Inc. in the amount of $219,282.52. G.4 Approve Resolution Creating a New Special Revenue Fund The City of Hugo has received miscellaneous revenues from the State of Minnesota in the form of Public Safety Aid and Local Affordable Housing Aid. These funds need to be accounted for separately from other already established funds for tracking and reporting purposes. Generally Accepted Accounting Principles (GAAP) and the Governmental Accounting Standards Board’s (GASB) Statement Number 54 provide special revenue funds to account for and report the