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HomeMy WebLinkAbout12-22-25 City Council Meeting December 22, 2025 7:00 PM Fridley City Hall, 7071 University Avenue N.E. Agenda Call to Order The Fridley City Council (Council) requests that all attendees silence cell phones during the meeting. A paper copy of the Agenda is at the back of the Council Chambers. A paper copy of the entire Agenda packet is at the podium. The Agenda and all related athttps://www.fridleymn.gov/Your-Government/City-Council-Commissions/Agenda-Center Pledge of Allegiance Proclamations/Presentations Proposed Consent Agenda The following items are considered to be routine by the Council and will be approved by one motion. There will be no discussion of these items unless a Councilmember requests, at which time that item may be moved to the Regular Agenda. Meeting Minutes 1.Approve the Minutes from the City Council Meeting of December 8, 2025 2.Receive the Minutes from the City Council Conference Meeting of December 8, 2025 3.Receive the Minutes from the HRA Commission Meeting of October 2, 2025 New Business 4.Resolution No. 2025-168, Accepting the 2026 Animal Impound Agreement Between Companion Animal Care andthe City of Fridley Claims 5.Resolution No. 2025-174, Approving Claims for the Period Ending December 17, 2025 Open Forum The Open Forum allows the public to address the Council on subjects that are not on the Regular Agenda. The Council may take action, reply, or give direction to staff. Please limit your comments to five minutes or less. Regular Agenda The following items are proposed for the Council's consideration. All items will have a presentation from City staff, are discussed, and considered for approval by separate motions. 2 City Council Meeting 12/22/2025 Agenda Page 2 Public Hearing(s) 6. Public Hearing and Resolution No. 2025-173, Approving Creation of TIF District #27 New Business 7. Resolution No. 2025-172, Approving the Concept Proposal for the Commons Park Sculpture by Artist Ken McCall 8. Resolution No. 2025-169, Certifying the Final Tax Levy Requirements for 2026 to the County of Anoka 9. Resolution No. 2025-170, Approving a Budget for the Fiscal Year 2026 and the 2026-2030 Capital Investment Program 10. Resolution No. 2025-171, Approving Budget Reappropriation for Certain Funds for the Fiscal Year Ending December 31, 2025 Informal Status Reports Adjournment Accessibility Notice: !If you need free interpretation or translation assistance, please contact City staff. !Si necesita ayuda de interpretación o traducción gratis, comuníquese con el personal de la ciudad. !Yog tias koj xav tau kev pab txhais lus los sis txhais ntaub ntawv dawb, ces thov tiv tauj rau Lub Nroog cov neeg ua hauj lwm. !Haddii aad u baahan tahay tarjumaad bilaash ah ama kaalmo tarjumaad, fadlan la xiriir shaqaalaha Magaalada. Upon request, accommodation will be provided to allow individuals with disabilities to participate in any City of Fridley services, programs or activities. Hearing impaired persons who need an interpreter or other persons who require auxiliary aids should contact CityClerk@FridleyMN.gov or (763) 572-3450. 3 Jufn!2/ AGENDA REPORT Meeting Date:December 22, 2025 Meeting Type:City Council Submitted By:Beth Kondrick, Deputy City Clerk Title Approve the Minutes from the City Council Meeting ofDecember 8, 2025 Background Attached are the minutes from the City Council meeting ofDecember 8,2025. Financial Impact None. Recommendation Staff recommend the approval of the minutes from the City Council meeting of December 8,2025. Focus on Fridley Strategic Alignment Vibrant Neighborhoods &PlacesCommunity Identity &Relationship Building Financial Stability & Commercial ProsperityPublic Safety & Environmental Stewardship X Organizational Excellence Attachments and Other Resources Minutes from the City Council Meeting of December 8,2025 Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 4 Jufn!2/ City Council Meeting December 8,2025 7:00 PM Fridley City Hall, 7071 University Avenue NE Minutes Call to Order Mayor Ostwaldcalled the City Council Meeting of December 8,2025, to order at 7:00 p.m. Present Mayor Dave Ostwald Councilmember Patrick Vescio Councilmember Ryan Evanson Councilmember Luke Cardona Councilmember Ann Bolkcom Absent Others Present Walter Wysopal, City Manager Sarah Sonsalla, City Attorney Rachel Workin, Environmental Planner Joe Starks, Finance Director Brandon Brodhag, Assistant City Engineer Pledge Of Allegiance Proclamations/Presentations 1.Proclamations Recognizing Tim Kelly, Students of Hayes Elementary School, Park Plaza Cooperative, and Hyde Development/Mortenson Properties with Sustainable Fridley Awards for 2025 Rachel Workin, Environmental Planner,provided background information on the development of the Sustainable Fridley Awards. Aaron Klemz, Environmental and Quality and Energy Commission, presented the Sustainable Fridley Awardto Tim Kelly. Tim Kelly accepted the award and providedadditional information on the Coon Creek Watershed Districtand the relationship the District has built with its municipal partners. Ms. Workin presented the Sustainable Fridley Award to students from Hayes Elementary School. Students and staff from the school accepted the award. 5 Jufn!2/ City Council Meeting 12/8/2025 Minutes Page 2 Mr. Klemz presented the Sustainable Fridley Award to Park Plaza Cooperative. Natividad Seefeld commented on the infrastructure improvements and other improvements they were able to make to the property without raising the rents of their residents. Ms. Workin presented the Sustainable Fridley Award to Hyde Development/Mortenson Properties. Mike Ordwell and Robin Dunkin accepted the award and provided information on the rooftop solar project, which required a unique and collaborative approach. Approval of Proposed Consent Agenda Motion made by Councilmember Bolkcom to adopt the proposed Consent Agenda. Seconded by Councilmember Evanson. Upon a voice vote, all voting aye, Mayor Ostwald declared the motion carried unanimously. Approval/Receipt of Minutes 2.!Approve the Minutes from the City Council Meeting of November 24, 2025. 3.!Receive the Minutes from the City Council Conference Meeting of November 24, 2025. New Business 4. Resolution No 2025-164, Designating Precincts and Polling Locations for the 2026 Election Year. 5. Resolution No. 2025-165, Approving Ex-Officio Member of the Fridley Parks and Recreation Commission. 6. Resolution No. 2025-167, Authorizing Execution of a Mediated Settlement Agreement in the Matter of Hirn et al v. City of Fridley. 7. Ordinance No. 1436, Amending the Fridley City Code Chapter 209, Fees, to Update Fees for Park Shelter Rentals (Second Reading). Claims 8. Resolution No. 2025-166, Approving Claims for the Period Ending December 3, 2025. Open Forum, Visitors: (Consideration of Items not on Agenda 15 minutes.) Linda Neukircher provided information on the impacts of Krispy Kreme, traffic cones, and a temporary stop sign that was installed. Mayor Ostwald commented that traffic mitigation efforts were made and noted that is private property. Adoption of Regular Agenda 6 Jufn!2/ City Council Meeting 12/8/2025 Minutes Page 3 Motion made by CouncilmemberCardonato adopt the regular agenda. Seconded by Councilmember Evanson. Upon a voice vote, all voting aye, Mayor Ostwald declared the motion carried unanimously. Regular Agenda Public Hearing(s) 9. Truth in Taxation Public Hearing, Proposed 2026 Budget and Property Tax Levy Motion made by Councilmember Vescio to open the public hearing. Seconded by Councilmember Bolkcom. Upon a voice vote, all voting aye, Mayor Ostwald declared the motion carried unanimously. Joe Starks, Finance Director, financial strengths and reviewed the 2026 budget process. He noted that the final levy is proposed to be an increase of 5.92 percent, which is a decrease from the preliminary levy of 6.29 percent. He provided additional details on Minnesota property taxes, tax capacity, fiscal disparities, economic expectations, general assumptions, general fund expenditures, general fund revenues, and property tax levy. He provided input on the calls and questions he received prior to the meeting and recommended that the Council hold the public hearing to accept public comments. Councilmember Evanson recognized that the final levy increase proposed is a decrease from the adopted preliminary levy. He asked and received confirmation that the change is due to decreases in employee health care. He asked for and received additional information on the fiscal disparities program. Mayor Ostwald invited residents to provide input. Natividad Seefeld, President of Park Plaza Cooperative, asked for information on the classification of manufactured housing. Mayor Ostwald noted that type of housing is included in multi-family housing. Joe and Mike Miller discussed the proposed tax increase, noting that the taxes for the property have increased 19.2 percent, with the City portion at 19.5 percent. Mayor Ostwald asked the City Assessor to speak with the residents. Mr. Starks stated that he would also follow up with the residents and explained the tax burden shift that occurred. Councilmember Evanson stated that he has also seen this comment from residents online and asked if there is a correlation in the market value change for the properties as well. Mr. Starks explained more information about the tax burden shift and fiscal disparities. Meora Taylor commented on the increase to her taxes that she will experience and stated that she is on a fixed income. Mayor Ostwald suggested that the resident speak with staff. Councilmember 7 Jufn!2/ City Council Meeting 12/8/2025 Minutes Page 4 Evanson referencedinformation that was provided on property tax relief programs that were mentioned. Linda Neukircher asked for information on a taxing authority listed on the back of her tax statement. which is a shared service. Motion made by Councilmember Bolkcom to close the public hearing, Seconded by Councilmember Evanson. Upon a voice vote, all voting aye, Mayor Ostwald declared the motion carried unanimously. Councilmember Evanson stated that this last year has been challenging, and recognized the impacts of the He encouraged residents to reach out to legislators to request changes to the fiscal disparities program. 10. Public Hearing on Improvements for Street Rehabilitation Project No. ST2026-02 & Resolution No. 2025-161, Ordering Final Plans, Specifications, and Calling for Bids for Street Rehabilitation Project No. ST2026-02 Motion made by Councilmember Evanson to open the public hearing. Seconded by Councilmember Vescio. Upon a voice vote, all voting aye, Mayor Ostwald declared the motion carried unanimously. Brandon Brodhag, Assistant City Engineer, provided background information on the proposed project, project area, resident outreach and engagement, feasibility report, proposed improvements, project budget, special assessments, and tentative schedule. He asked the Council to hold the public hearing and consider adoption of the resolution as presented. Councilmember Bolkcom asked why curb and gutter repairs are not proposed. She also asked for clarification on the different special assessment amounts proposed. Mr. Brodhag stated that the curb and gutter are in good condition, but noted that if spot replacement is needed, that could be addressed. He clarified that concrete and utility work is not part of the special assessment to residents. rd He provided additional information on the proposed special assessments, noting that 63 Avenue is wider than the service drive, which results in more pavement and a higher assessment. Mayor Ostwald invited residents to provide input. Tom Ernster asked the last time the road was surfaced and the anticipated life of the proposed repair. Mr. Brodhag replied that the last improvement for the road was in 2003, and this improvement is anticipated to last 20 plus years. Steve Billings, 5215 Lincoln Street NE, asked for more information on how it was determined that Lincoln Street needs repair and how the project area was determined. He also asked how this improvement would increase the value of his property by $1,800. Mr. Brodhag provided additional 8 Jufn!2/ City Council Meeting 12/8/2025 Minutes Page 5 infand the maintenance needs of the roads. He stated that staff did review a larger project area, but the additional area mentioned will be included in a future project. Mayor Ostwald provided additional details on the City assessment policy. The City Attorney provided additional information on the special benefit and the appraisal process that a homeowner can follow if they feel that special benefit is not provided through the project. Linda Neukircher portion of the project cost. Mr. Brodhag replied that because this project is only blacktop, 60 to 70 percent of the project cost would be funded through assessment, with the City funding the remainder of the cost. He stated that the total project cost between the three areas is estimated at $425,000. Councilmember Evanson explained that typically, there are other improvements along with a road project, such as curb and gutter and utility work, which are solely funded by the City; therefore, using a percentage is not really an accurate representation. Miranda (last name unknown) asked why the road improvements are not covered by property taxes. Mayor Ostwald provided additional explanation on road improvement funding and special assessments. Robert Redman commented that he appreciates the project, as the road has been deteriorating. Motion made by Councilmember Bolkcom to close the public hearing, Seconded by Councilmember Evanson. Upon a voice vote, all voting aye, Mayor Ostwald declared the motion carried unanimously. Councilmember Evanson recognized the increased costs that have been discussed tonight through the budget and road project, noting that the Council and staff are doing their best to manage those expenses and mitigate impacts to residents. Mayor Ostwald noted the next meeting, when the Council will review the project, and invited residents to attend if they continue to have questions. Motion made by Councilmember Evanson to adopt Resolution No. 2025-161, Ordering Final Plans, Specifications, and Calling for Bids for the Street Rehabilitation Project No. ST2026-02. Seconded by Councilmember Vescio. Upon a voice vote, all voting aye, Mayor Ostwald declared the motion carried unanimously. New Business 11. Resolution No. 2025-162, Awarding Sanitary Sewer Collection System Lining Project No. 26-450 Mr. Brodhag presented a summary of the request and project, including project background, project elements, project bidding, remaining project funding, project schedule, and next steps. 9 Jufn!2/ City Council Meeting 12/8/2025 Minutes Page 6 Councilmember Bolkcom asked for clarification on whether there would be one or two projectsand whether there would be impacts to residents. Mr. Brodhag provided additional clarification, noting that the mains would be lined for the two areas, but because there are additional funds available, staff will be looking at additional improvements. He stated that there would be a period of about eight hours where water would not be available to residents within the project area when the work occurs near their homes, noting that notice would be provided to residents ahead of that time. Motion made by Councilmember Cardona to adopt Resolution No. 2025-162, Awarding Sanitary Sewer Collection System Lining Project No. 26-450. Seconded by Councilmember Bolkcom. Upon a voice vote, all voting aye, Mayor Ostwald declared the motion carried unanimously. 12. Resolution No. 2025-163, Approving Youth Commissioner Appointment Melissa Moore, Deputy City Manager, provided background information about advisory commissions, youth commissioners, and the proposed youth commissioner to be appointed. Councilmember Cardona commented on his support for the candidate and asked if the term could be extended after it expires due to the short appointment time and age of the candidate. Ms. Moore replied that City Code would allow reappointment by action of the City Council. Motion made by Councilmember Cardona to adopt Resolution No. 2025-163, Approving Youth Commissioner Appointment. Seconded by Councilmember Bolkcom. Upon a voice vote, all voting aye, Mayor Ostwald declared the motion carried unanimously. Informal Status Reports th Councilmember Vescio noted the upcoming WinterFest on February 27. Councilmember Bolkcom asked staff to provide an update on plowing, noting recent resident comments on social media. Mr. Brodhag reviewed the plowing policy of the City. y website, encouraging residents to check it out. Adjourn Motion made by Councilmember Bolkcom to adjourn. Seconded by Councilmember Vescio. Upon a voice vote, all voting aye, Mayor Ostwald declared the motion carried unanimously, and the meeting adjourned at 9:31 p.m. Respectfully Submitted, : Jufn!2/ City Council Meeting 12/8/2025 Minutes Page 7 Melissa Moore Dave Ostwald City Clerk Mayor 21 Jufn!3/ AGENDA REPORT Meeting Date:December 22, 2025 Meeting Type:City Council Submitted By:Beth Kondrick, Deputy City Clerk Title Receive the Minutes from theCity Council Conference Meeting ofDecember 8,2025 Background Attached are the minutes from the City Council conference meeting ofDecember 8,2025. Financial Impact Recommendation Receive the minutes from theCity Council conference meeting of December 8,2025. Focus on Fridley Strategic Alignment Vibrant Neighborhoods &PlacesCommunity Identity &Relationship Building Financial Stability & Commercial ProsperityPublic Safety & Environmental Stewardship X Organizational Excellence Attachments and Other Resources Minutes from the City Council Conference Meeting ofDecember 8,2025 Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 22 Jufn!3/ City CouncilConference Meeting December 8,2025 5:30PM Fridley City Hall, 7071 University Avenue NE Minutes Roll Call Present:Mayor Dave Ostwald Councilmember Ann Bolkcom Councilmember Patrick Vescio Councilmember Luke Cardona Absent:Councilmember Ryan Evanson Others Present:Wally Wysopal, City Manager Joe Starks, Finance Director Melissa Moore, Assistant City Manager Jim Kosluchar, Public Works Director Patrick Maghrak, Senior Appraiser Cash Hasty, Youth Commissioner Applicant Items for Discussion 1. Youth Commissioner Interview The City Council interviewed student Cash Hasty for the open position of Youth Commissioner. The City Council recommend Cash be appointed to the Planning Commission. 2. Finance Update November 2025 Year-to-Date Joe Starks, Finance Director, provided a financial review of the City of Fridley to date of meeting. 3. Commons Park Mediation Agreement Wally Wysopal, City Manager, provided the City Council some background information to the mediated agreement involving Commons Park and two residents of Fridley. 23 Jufn!4/ AGENDA REPORT Meeting Date:December 22, 2025 Meeting Type:City Council Submitted By:Julianne Beberg, Office Coordinator Title Receive the Minutes from the HRA Commission Meeting of October 2, 2025 Background Attached are the Minutes from theOctober 2, 2025,HRACommission Meeting. Financial Impact None Recommendation Staff recommend the City Council receive theHRA Commission Minutes fromOctober 2, 2025, HRA Commission Meeting. Focus on Fridley Strategic Alignment X Vibrant Neighborhoods &PlacesCommunity Identity &Relationship Building Financial Stability & Commercial ProsperityPublic Safety & Environmental Stewardship X Organizational Excellence Attachments and Other Resources HRACommission Minutes October 2, 2025 Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 24 Jufn!4/ Housing and Redevelopment Authority October 2,2025 7:00 PM Fridley City Hall, 7071 University Avenue NE Minutes Call to Order Chairperson Showaltercalled the Housing and Redevelopment Authority meeting to order at 7:00 p.m. Present Elizabeth Showalter Troy Brueggemeier Frank Inamagua Rachel Schwankl Absent Gordon Backlund Others Present Stacy Stromberg, HRA Assistant Executive Director Joe Starks, Finance Director Paul Bolin, Community Development Director Action Items 1. Approval of Expenditures Motionby Commissioner Brueggemeierto approve the expenditures. Seconded by Commissioner Schwankl. Upon a voice vote, all voting aye, Chair Showalterdeclared the motion carried unanimously. 2.ApprovalSeptember 4,2025, Meeting Minutes Motionby Commissioner Inamaguato approve the meeting minutesof September 4,2025,as presented. Seconded by Commissioner Brueggemeier. Upon a voice vote, all voting aye, Chair Showalterdeclared the motion carried unanimously. Informational Items 3.Proposed 2026 HRA Budget 25 Jufn!4/ Housing and Redevelopment Authority Minutes Page 2 10/2/2025 Joe Starks, Finance Director, stated that he would introduce the 2026 draft HRA budget tonight, and the HRA would consider formal adoption at its November meeting. He presented details of the proposed 2026 budget, as well as other items of interest related to the budget. Commissioner Schwankl referenced the proposed increase for CEE and asked if the City is looking to enter into a contract with them. Paul Bolin, Community Development Director, commented that the City has worked with CEE since 1996, and the fee is directly related to the number of loans issued. He explained that CEE previously did underwriting, but five years ago also took over the loan servicing. Chair Showalter asked how the administrative fees for the LAHA-funded programs are being funded. Mr. Bolin replied that those fees are being paid through less restricted funds. 4. Update on Housing Programs Stacy Stromberg, Assistant HRA Executive Director, provided an update on the September loan activity, as well as year-to-date information on the loans and programs. Adjournment Motion by Commissioner Brueggemeier to adjourn the meeting. Seconded by Commissioner Schwankl. Upon a voice vote, all voting aye, Chairperson Showalter declared the motion carried and the meeting adjourned at 7:16 p.m. Respectfully submitted, Paul Bolin, Staff Liaison 26 Jufn!5/ AGENDA REPORT Meeting Date:December 22, 2025 Meeting Type:City Council Submitted By:Patrick Faber, Deputy Director Police Title Resolution No. 2025-168,Accepting the 2026 Animal Impound Agreement Between Companion Animal Care and the City of Fridley Background The City of Fridley(City)has used the Animal Humane Society for animal control services for many years. The Animal Humane Society recently notified the City that they will no longer provide these services. This means the City needs to find a new company to handle animal control to keep our community safe and care for stray or abandoned animals. City staff researched other options for animal control services and reached out to neighboring cities to learn what providers they use. Unfortunately, there were no other viable service providers available in the area. Staff contacted Minneapolis Animal Care and Control to explore potential partnership opportunities, but they were unable to establish whether they could commit to a contract with the City or not. After exhausting all availableoptions, City staff recommends contracting with Companion Animal Control LLC. Theyrun the Companion Animal Center in Oakdale, Minnesota, and offer professional animal control services. The City has chosen the "Impound Boarding Only" service level, which means Companion Animal Control will house and care for animals that police officers bring to their facility. Public Safetywill continue to respond to animal-related calls and transport animals when needed. Based on the City's population of 30,000, the monthly retainer fee will be $300 per month ($3,600 annually), plus per-animal fees of $200 for each dog or cat that is not reclaimed by its owner. This cost is comparable to the previous arrangement with the Animal Humane Society. It is important to note that the Companion Animal Center is inOakdale, which increases travel time for officers transporting animals compared to the previous provider. This added travel time will impact officer availability for other calls. Additionally, this situation reflects a growing regional trend where animal control service providers are becoming increasingly limited, which may present ongoing challenges for municipalities in the metro area. The City Council(Council)should be aware that this could become a more significant issue in the future as demand for these services continues to exceed available capacity. The following neighboring agencies are currently working with or will be working with Companion Animal Center: Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 27 Jufn!5/ Blaine Police Department !Coon Rapids Police Department !Anoka County Sheriff's Office !Spring Lake Park Police Department !Ramsey County Sheriff's Office Financial Impact 1. $300 Monthly Retainer Fee: Based on the City's population, the monthly retainer will be determined according to the fee schedule outlined in the agreement. The retainer provides access to the impound boarding services and facility ($3,600/year). 2. Per-Animal Fees: Individual fees will be charged for each animal impounded, including standard stray/seized/abandoned animals ($200 per dog or cat), other small domestic animals ($50 each), and additional services such as rabies quarantine, medical stabilization, or euthanasia when necessary. The agreement includes provisions for the municipality to collect impound, boarding, and care fees from owners when animals are reclaimed. Invoices will be submitted monthly, with payments due within 30 days. Recommendation Staff recommend approving Resolution No. 2025-168, Accepting the 2026 Animal Impound Agreement Between Companion Animal Care and the City of Fridley. Focus on Fridley Strategic Alignment Vibrant Neighborhoods & Places Community Identity & Relationship Building Financial Stability & Commercial Prosperity X Public Safety & Environmental Stewardship Organizational Excellence Attachments and Other Resources !Resolution No. 2025-168 !2026 Companion Animal Care Agreement Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 28 Jufn!5/ Resolution No. 2025-168 Accepting the 2026 Animal Impound Agreement Between Companion Animal Control LLC and the City of Fridley Whereas, the City of Fridley (City) requires animal control services to ensure public safety and animal welfare within the community; and Whereas, the Humane Society has discontinued their animal control contract services with the City; and Whereas, the City has reviewed and evaluated alternative service providers for animal control services; and Whereas, Companion Animal Control LLC, doing business as Companion Animal Care & Control provides professional animal control and impound boarding services; and Whereas, the Public Safety Department has determined that contracting with Companion Animal Control LLC for Impound Boarding services currently best meets the needs of the community; and Whereas, Companion Animal Control LLC will provide animal intake and housing, disposition and live outcomes, health and safety services, and medical care for impounded animals as outlined in the Agreement for Services; and Whereas, the Agreement establishes fee schedules based on the City's population and per-animal service fees, with provisions for billing, insurance requirements, and indemnification; and Whereas, this Agreement is made pursuant to the authority granted to municipalities under Minnesota Statute § 412.221, subdivision 21 (municipal power to regulate animals and establish pounds) and Minnesota Statute § 35.71 (authority to establish and regulate animal pounds). Now, therefore be it resolved, that the City Council of the City of Fridley and Companion Animal Control agree as follows: 1. The Directory of Public Safety or their designee is hereby authorized to execute the Agreement for Services with Companion Animal Control LLC & Companion Animal Care LLC, DBA Companion Animal Care & Control, for Impound Boarding Only services. 2. The Public Safety staff shall ensure compliance with all applicable state laws and local ordinances relating to animal control and establish procedures consistent with the requirements of this Agreement. 3. The Agreement shall become effective upon execution by both parties and shall continue annually, subject to termination upon 30-day advance written notification by either party as provided in the Agreement. 4. This Resolution shall take effect immediately upon its passage and approval. 29 Jufn!5/ Passed and adopted by the City Council of the City of Fridley this 22nd day of December, 2025. _______________________________________ Dave Ostwald Mayor Attest: Melissa Moore City Clerk 2: Jufn!5/ 31 Jufn!5/ 32 Jufn!5/ 33 Jufn!5/ 34 Jufn!5/ 35 Jufn!5/ 36 Jufn!5/ 37 Jufn!6/ AGENDA REPORT Meeting Date:December 22, 2025 Meeting Type:City Council Submitted By:Emylie Morris, Accounting Technician Title Resolution No. 2025-174,Approving Claims for the Period Ending December 17, 2025 Background Attached is Resolution No. 2025-174and the claims report for the period endingDecember 17,2025. Financial Impact Included in the budget. Recommendation Staff recommend the approval of Resolution No. 2025-174, Approving Claims for the Period Ending December 17, 2025. Focus on Fridley Strategic Alignment Vibrant Neighborhoods &PlacesCommunity Identity &Relationship Building X Financial Stability & Commercial ProsperityPublic Safety & Environmental Stewardship Organizational Excellence Attachments and Other Resources Resolution No. 2025-174 City Council Claims Report Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 38 Jufn!6/ Resolution No. 2025-174 Approving Claims for the Period Ending December 17, 2025 Whereas, Minnesota Statute § 412.271 generally requires the City Council to review and approve claims for goods and services prior to the release of payment; and Whereas, a list of such claims for the period ending December 17, 2025, was reviewed by the City Council. Now, therefore be it resolved, that the City Council of the City of Fridley hereby approves the payment of the claims as presented. th Passed and adopted by the City Council of the City of Fridley this 22 day of December 2025. _______________________________________ Dave Ostwald - Mayor Attest: Melissa Moore City Clerk 39 Jufn!6/ 3: Jufn!6/ 41 Jufn!6/ 42 Jufn!7/ AGENDA REPORT Meeting Date:December 22, 2025 Meeting Type:City Council Submitted By:Paul Bolin, Community Development Director Stacy Stromberg, Asst. Community Development Director Title Public Hearing and Resolution No.2025-173, ApprovingCreation of TIF District #27 Background Endeavor Development is requesting assistance, through the creation of a Tax Increment Financing(TIF) district, to help with the extraordinary costs associated with the redevelopment of the property at 7350 Commerce Lane N.E. The property encompasses four individual parcels and is currently zoned M2, Heavy Industrial. It is rd located west of University Avenue, north of 73Avenue, and abuts the BNSF railroad to the west. The original 65,000 squarefoot building has been expanded several times and is currently 162,000 squarefeetin size. The building has Lofthouse Bakery, and most recently Rich Products. Rich Products suspended operations at the facility in 2024, and the property has been vacant and for sale since then. Endeavor Development proposes to demolish the existing 55-year-old structure and construct a new, approximately 250,000 squarefootwarehouse/distribution center, The proposed buildings footprint conflicts directly with existing infrastructure that traverses the central portion of the property. This requires the relocation of utilities, includinga 60-inch storm sewer line (depicted in purple), an 8-inch sanitary sewer line (depicted in green), and an associated drainage swale. Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 43 Jufn!7/ The attachedMemorandum from Northland Public Financeprovides an in-depth explanation of the need for Tax Increment to help this project move forward. A Notice of Public Hearing before the City Council was published in the December 1, 2025, edition of (StarTribune). Financial Impact Assistance is provided through future excess taxes generated by the new development Recommendation Staff recommend the Council hold the Public Hearing for the creation of TIF District #27. Staff recommend approval of Resolution No. 2025-173, Approving Creation of TIF District #27. Focus on Fridley Strategic Alignment x Vibrant Neighborhoods & Places Community Identity & Relationship Building Financial Stability & Commercial Prosperity Public Safety & Environmental Stewardship Organizational Excellence Attachments and Other Resources !Resolution No. 2025-173 !Memorandum from Northland Public Finance !TIF Plan Fridley TIF District #27 Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 44 Jufn!7/ Resolution No. 2025-173 Approving Creation of Tax Increment Financing (TIF) District #27 Be it resolved, by the City Council (Council) of the City of Fridley, Minnesota (City), as follows: Section 1. Recitals. 1.01. It has been proposed by the Housing and Redevelopment Authority (HRA) that the Council approve and adopt the proposed modifications to its Redevelopment Plan for Redevelopment Project No. 1 (Project Area) reflecting increased project costs and increased bonding authority, pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047, inclusive, as amended and supplemented from time to time. 1.02. It has been further proposed by the HRA that the Council approve and adopt the proposed modifications to the Tax Increment Financing (TIF) Plans (Existing Plans) for TIF Districts Nos. 6, 11-13 and 17-26 (Existing Districts) reflecting increased project costs and increased bonding authority within the Project Area, pursuant to Minnesota Statutes, Section 469.174 through 469.1799, inclusive, as amended and supplemented from time to time. 1.03. It has been further proposed by the HRA that the Council approve the creation of proposed TIF District No. 27 (Proposed District) and adopt the proposed TIF Plan (Proposed Plan) relating thereto, pursuant to and in accordance with Minnesota Statutes. Section 469.174 to 469.1799, inclusive, as amended and supplemented from time to time. 1.04. The HRA has caused to be prepared, and this Council has investigated, the facts with respect thereto, a modified Redevelopment Plan for the Project Area and modified Existing Plans for the Existing Districts reflecting increased project costs and increased bonding authority within the Project Area and the Proposed Plan for the Proposed District, defining more precisely the property to be included, the public costs to be incurred, and other matters relating thereto. 1.05. The Council has performed all actions required by law to be performed prior to the approval and adoption of the modifications to the Redevelopment Plan and Existing Plans and the approval and adoption of the Proposed Plan. 1.06. The Council hereby determines that it is necessary and in the best interests of the City and the HRA at this time to approve and adopt the modifications to the Redevelopment Plan and Existing Plans reflecting increased project costs and increased 45 Jufn!7/ bonding authority within the Project Area, to create the Proposed District and to approve and adopt the Proposed Plan relating thereto. Section 2. General Findings. 2.01. The Council hereby finds, determines and declares that the assistance to be provided through the adoption and implementation of the modified Redevelopment Plan , modified Existing Plans and the Proposed Plan (Plans) are necessary to assure the development and redevelopment of the Project Area. 2.02. The Council hereby finds, determines and declares that the Plans conform to the general plan for the development and redevelopment of the City as a whole in that they are consistent with the City's comprehensive plan. 2.03. The Council hereby finds, determines and declares that the Plans afford maximum opportunity consistent with the sound needs of the City as a whole for the development and redevelopment of the Project Area by private enterprise and it is contemplated that the development and redevelopment thereof will be carried out pursuant to redevelopment contracts with private developers. 2.04. The Council hereby finds, determines and declares that the modification, approval and adoption of the Plans is intended and, in the judgment of this Council, its effect will be to promote the purposes and objectives specified in this Section 2 and otherwise promote certain public purposes and accomplish certain objectives as specified in the Plans. 2.05. The Council hereby finds, determines and declares that the City made the above findings stated in this Section 2 and has set forth the reasons and supporting facts for each determination in the Plans and Exhibit A to this Resolution. Section 3. Specific Findings for the Proposed District. 3.01. The Council hereby finds, determines and declares that the Proposed District ned in Minnesota Statutes, Section Statutes, Section 469.174, Subd. 10. 3.02. The Council hereby finds, determines and declares that the proposed development or redevelopment in the Proposed District, in the opinion of this Council, would not reasonably be expected to occur solely through private investment within the reasonably foreseeable future and, therefore, the use of tax increment financing is deemed necessary. 46 Jufn!7/ 3.03. The Council hereby finds, determines and declares that the increased market value of a project not receiving tax increment assistance would be less than the increased market value of a project receiving tax increment assistance after deducting the present value of projected tax increments for the maximum duration of the Proposed District. 3.04. The Council hereby finds, determines and declares that the expenditure of tax increment within the Proposed District serves primarily a public purpose. 3.05. The Council hereby finds, determines and declares that the City made the above findings stated in this Section 2 and has set forth the reasons and supporting facts for each determination in the Plans and Exhibit B to this Resolution. Section 4. Approvals and Adoptions. 4.01. The modifications to the Redevelopment Plan reflecting increased project costs and increased bonding authority within the Project Area are hereby approved and adopted by the Council of the City. 4.02. The modifications to the Existing Plans reflecting increased project costs and increased bonding authority within the Project Area are hereby approved and adopted by the Council of the City. 4.03. The creation of the Proposed District within the Project Area and the adoption of the Proposed Plan relating thereto is hereby approved by the Council of the City. Section 5. Filing of Plans. 5.01. Upon its approval and adoption of the Plans, the City shall request the HRA to cause said Plans to be filed with the Minnesota Department of Revenue, the Office of the State Auditor, and Anoka County. 47 Jufn!7/ Passed and Adopted by the City Council this 22nd Day of December, 2025. ___________________________________ Dave Ostwald - Mayor ATTEST: ___________________________ Melissa Moore City Clerk 48 Jufn!7/ EXHIBIT A GENERAL FINDINGS The reasons and facts supporting the findings for the modification of the Plans for the Project Area, Existing Districts and Proposed District pursuant to Minnesota Statutes, Section 469.175, Subdivision 3, are as follows: 1. Finding that the assistance to be provided through the adoption and implementation of the Plans is necessary to assure the development and redevelopment of the Project Area. The tax increment assistance resulting from the implementation of the Plans is necessary for the proposed project to proceed. Please refer to Section 4.02.5 of the Proposed Plan. 2. Finding that the Plans conform to the general plan for the development and redevelopment o Comprehensive Plan. The Council has reviewed the Plans and has determined that they are consistent with the City's comprehensive plan. 3. Finding that the Plans afford maximum opportunity, consistent with the sound needs of the City as a whole, for the development and redevelopment of the Project Area by private enterprise, and it is contemplated that the development or redevelopment thereof will be carried out pursuant to development contracts with private developers. Please refer to the attached Exhibit B for specific information relating to the Proposed District. 4. Finding that the approval and adoption of the Plans is intended and, in the judgment of this Council, its effect will be to promote the public purposes and accomplish the objectives specified in the Plans. The tax increment that will be generated due to the approval and adoption of the Plans will assist in financing the public improvements and eligible expenses as detailed in the Plans. 49 Jufn!7/ EXHIBIT B SPECIFIC FINDINGS FOR THE REDEVELOPMENT DISTRICT In addition to the findings included in Exhibit A, the reasons and facts supporting the additional findings for the Proposed District pursuant to Minnesota Statutes, Section 469.175, Subdivision 3, are as follows: 1. Statutes. The Proposed District consists of four parcels totaling approximately 677,357 square feet (approximately 15.55 acres). Of this acreage, it has been determined that parcels comprising 92.6% of the Proposed District are occupied by a building, streets, utilities, paved or gravel parking lots or similar structures. This 92.6% area coverage exceeds the 70% coverage test required by Minnesota Statutes, Section 469.174, Subdivision 10(a)(1). 100% of the buildings in the Proposed District contain code deficiencies exceeding the 15% threshold required by Minnesota Statutes, Section 469.174, Subdivision 10(c). 100% of the buildings in the Proposed District are structurally substandard to a degree requiring substantial renovation or clearance because of defects in structural elements or a combination of deficiencies in essential utilities and facilities, light and ventilation, fire protection including adequate egress, layout and condition of interior partitions, or similar factors, which defects or deficiencies are of sufficient total significance to justify substantial renovation or clearance. This building satisfies the requirements of Minnesota Statutes, Section 469.174, Subdivision 10(a)(1) which this building would require expenditures of greater than 15% (of the cost of a new structure of similar size and type) to bring it into compliance with current building codes. It has further been determined that these conditions are reasonably distributed through the Proposed District. Information supporting these findings are on file at City Hall and are contained in a Report prepared for the City by LHB, Inc., dated November 6, 2025. 2. Finding that the proposed development or redevelopment, in the opinion of the Council, would not reasonably be expected to occur solely through private investment within the reasonably foreseeable future and, therefore, the use of tax increment financing is deemed necessary. Development activities proposed to occur in the Proposed District include land acquisition, demolition of the existing building and construction of an approximately 250,000 square foot warehouse building, surface parking and stormwater ponding. Upon completion of the proposed redevelopment, 4: Jufn!7/ City and HRA staff have reviewed the estimated development costs and the available methods of financing and have determined that tax increment assistance is necessary to make the redevelopment project economically feasible and to allow redevelopment to proceed at this time and in the foreseeable future. 3. Finding that the increased market value of a project not receiving tax increment financing assistance would be less than the increased market value of a project receiving tax increment financing assistance after deducting the present value of the projected tax increments for the maximum duration of the Proposed District. The original market value of the Proposed District is approximately $5,121,100.00. City staff has determined that without tax increment assistance these parcels would not be developed within the foreseeable future. City staff has further determined that with tax increment assistance it is possible to construct an approximately 250,000 square foot warehouse building, surface parking and stormwater ponding on the site with an estimated market value of approximately $39,700,762.00. After deducting the original market value of $5,121,100.00 from the estimated market value of approximately $39,700,762.00, City staff has further determined that the increased market value that could reasonably be expected to occur from a project receiving tax increment assistance would be approximately $34,579,662.00. City staff has further determined that the total amount of tax increment generated over the 12 year term of the Proposed District approximates $4,702,288.00. Assuming the same term and a present value rate of 3.0%, the present value of $4,702,288.00 is approximately $3,281,085.00. After deducting the present value of the tax increment ($3,281,085.00) from the increase in estimated market value occurring as a result of utilizing tax increment assistance ($34,579,662), the net increase in estimated market value is approximately $31,298,577.00. City staff has further determined that the increased market value of the site that could reasonably be expected to occur without the use of tax increment financing is less than the increased market value of the site occurring with the use of tax increment financing after subtracting the present value of the projected tax increments for the maximum duration of the Proposed District. Further information supporting this Finding is attached as Schedule 1. 4. Finding that expenditure of tax increment serves a primarily public purpose. 51 Jufn!7/ The expenditure of tax increment is not intended as a private benefit and any such benefit is incidental. Public benefits resulting from the proposed project include (i) an increase in the State and City tax bases, (ii) the acquisition and redevelopment of property which is not now in its highest or best use, and (iii) demolition and removal of an existing substandard and blighted structure. 52 Jufn!7/ SCHEDULE 1 TO EXHIBIT B 53 Jufn!7/ 54 Jufn!7/ 55 Jufn!7/ 56 Jufn!7/ 57 Jufn!7/ DRAFT MODIFIED AND RESTATED REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 1 AND TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 (RIVER EDGE BUSINESS CENTER) WITHIN REDEVELOPMENT PROJECT NO. 1 PROPOSED TO BE ADOPTED BY CITY OF FRIDLEY, MINNESOTA AND FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY (HRA) PUBLIC HEARING DATE: DECEMBER 22, 2025 PLAN APPROVED BY HRA DATE: DECEMBER 6, 2025 PLAN APPROVED BY CITY COUNCIL DATE: ________________, 2025 PLAN CERTIFICATION REQUEST DATE: ______________, 2025 PLAN CERTIFIED DATE: __________________, 2025 Northland Securities, Inc. 150 South Fifth Street, Suite 3300 Minneapolis, MN 55402 (800) 851-2920 Member NASD and SIPC Registered with SEC and MSRB 58 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 TABLE OF CONTENTS .........................................................1 Section 1.01 Introduction ......................................................................................1 Section 1.02 .........................................................................................4 Section 1.03 Plan Preparation ...............................................................................5 ...........................5 Section 2.01 Enabling Act; Statutory Authority .................................................5 ....................................6 ..............................................................6 ..........................................................................7 ...................................................................7 ...................................................................8 .........................................8 .........................8 ..............................................9 ...........................................................9 .......................9 .....................................................................................9 ................................................................9 .....................................................10 Section 4.01 Statutory Authority ........................................................................10 Section 4.02 ...................................................................10 4.02.1 ....................................................................................10 4.02.2 ..................................................10 4.02.3 .......................................................................................10 4.02.4 ............................................................................10 4.02.5 Need for Tax Increment Financing .........................................................10 Section 4.03 .................................................10 4.03.1 ................................................................................................10 4.03.2 ........................................................................11 4.03.3 ..........................................................................................11 Section 4.04 ......................................................11 4.04.1 ..........................................................................11 ........................................................................12 4.04.3 .......................................................................12 4.04.4 ...................................................12 ....................................13 4.04.5 ...........................................................................13 4.04.6 ...................................................................................13 4.04.7 ...............................................................................13 4.04.8 ............................................................................14 4.04.9 .................................14 4.04.10 ..................................................................15 DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 I 59 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 ......................................................15 Section 5.01 ..................................................................15 Section 5.02 ..................15 ......................................16 Section 5.04 Four .........................................................16 Section 5.05 ...........................................................16 Section 5.06 ...................17 Section 5.07 ......................................................17 ..........................................................................................................................18 ..................................................................18 ................................................................19 ..........................................20 ..........................21 .......................................22 ...........................................24 DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 II 5: Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 ARTICLE I INTRODUCTION AND DEFINITIONS SECTION 1.01 INTRODUCTION Tax Increment Financing Plan. Redevelopment Project No. 1: • • • • DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 1 61 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 • • • • Financing Plan. • • • • of a Tax Increment Financing Plan. • the adoption of a Tax Increment Financing Plan. • adoption of a Tax Increment Financing Plan. • adoption of a Tax Increment Financing Plan. • • • DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 2 62 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 • and the adoption of a Tax Increment Financing Plan. • Tax Increment Financing Plan. • • • • • Financing Plan. • • • • authority. • of a Tax Increment Financing Plan. • the adoption of a Tax Increment Financing Plan. • DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 3 63 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Financing Plan. • and the adoption of a Tax Increment Financing Plan. • • • a Tax Increment Financing Plan. • adoption of a Tax Increment Financing Plan. • • SECTION 1.02 DEFINITIONS 1. 2. 3. 4. 5. 6. 7. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 4 64 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. SECTION 1.03 PLAN PREPARATION ARTICLE II STATEMENT OF PUBLIC PURPOSE AND AUTHORITY SECTION 2.01 ENABLING ACT; STATUTORY AUTHORITY DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 5 65 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 SECTION 2.02 STATEMENT AND FINDING OF PUBLIC PURPOSE commerce by the Authority. SECTION 2.03 BOUNDARIES OF PROJECT AREA DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 6 66 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 ARTICLE III REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 1 SECTION 3.01 STATEMENT OF OBJECTIVES 1. 2. 3. them; 4. 5. 6. 7. 8. 9. 10. 11. 12. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 7 67 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 13. • • • • • SECTION 3.02 DEVELOPMENT ACTIVITIES a. b. c. d. e. f. g. h. Plan incurred or to be incurred by it. i. SECTION 3.03 PAYMENT OF PUBLIC DEVELOPMENT COSTS SECTION 3.04 ENVIRONMENTAL CONTROLS; LAND USE REGULATIONS DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 8 68 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 SECTION 3.05 PARK AND OPEN SPACE TO BE CREATED SECTION 3.06 PROPOSED REUSE OF PROPERTY SECTION 3.07 ADMINISTRATION AND MAINTENANCE OF PROJECT AREA following year. SECTION 3.08 AMENDMENTS SECTION 3.09 FINDINGS AND DECLARATION a. b. c. whole. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 9 69 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 ARTICLE IV TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 27 SECTION 4.01 STATUTORY AUTHORITY SECTION 4.02 PLANNED DEVELOPMENT 4.02.1 Project Description 4.02.2 City Plans and Development Program 4.02.3 Land Acquisition 4.02.4 Development Activities 4.02.5 Need for Tax Increment Financing • • SECTION 4.03 TAX INCREMENT FINANCING DISTRICT 4.03.1 Designation DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 10 6: Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 4.03.2 Boundaries of TIF District • • • • 4.03.3 Type of District .............................................................................................................4 ........................................................................... .............................................................. ....................................................................................... .................................................................................1 .....................................................................1 ............................................................... SECTION 4.04 PLAN FOR USE OF TAX INCREMENT 4.04.1 Estimated Tax Increment 2026. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 11 71 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 example. 4.04.2 Fiscal Disparities Election 4.04.3 Public Development Costs 4.04.4 Estimated Sources and Uses of Funds DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 12 72 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 FIGURE 4 ESTIMATED SOURCES AND USES OF FUNDS Total Estimated Tax Increment Revenues (from tax increment generated by the district) Tax increment revenues distributed from the county$4,702,288 Interest and investment earnings$50,000 Sales/lease proceeds$0 Market value homestead credit$0 Total Estimated Tax Increment Revenues$4,752,288 Estimated Project/Financing Costs (to be paid or financed with tax increment) Project costs Land/building acquisition$978,900 Site improvements/preparation costs$3,253,159 Utilities$0 Subtotal$4,232,059 Administrative costs$470,229 Estimated Tax Increment Project Costs$4,702,288 Estimated financing costs Interest expense$50,000 Total Estimated Project/Financing Costs to be Paid from Tax Increment$4,752,288 Estimated Financing Total amount of bonds to be issued$4,702,288 4.04.5 Administrative Expense TIF Act. 4.04.6 County Road Costs 4.04.7 Bonded Indebtedness DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 13 73 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 4.04.8 Duration of TIF District 4.04.9 Estimated Impact on Other Taxing Jurisdictions DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 14 74 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 4.04.10 Prior Planned Improvements ARTICLE V ADMINISTERING THE TIF DISTRICT SECTION 5.01 FILING AND CERTIFICATION 1. 2. 3. SECTION 5.02 MODIFICATIONS OF THE TAX INCREMENT FINANCING PLAN DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 15 75 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 SECTION 5.03 CORRECTING REDEVELOPMENT CONDITIONS SECTION 5.04 FOUR-YEAR KNOCKDOWN RULE SECTION 5.05 POOLING AND FIVE-YEAR RULE • DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 16 76 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 • or replacement fund. • • SECTION 5.06 FINANCIAL REPORTING AND DISCLOSURE REQUIREMENTS SECTION 5.07 BUSINESS SUBSIDY COMPLIANCE DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 17 77 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Exhibit I Fridley HRA Tax Increment Financing District No. 27 Present Value Analysis As Required By Section 469.175(3)(2) of the TIF Act 1 1 Estimated Future Market Value w/ Tax Increment Financing39,700,762 2 Payable 2025 Market Value5,121,100 3 Market Value Increase (1-2)34,579,662 4 Present Value of Future Tax Increments3,281,085 5 Market Value Increase Less PV of Tax Increments31,298,576 1 6 Estimated Future Market Value w/o Tax Increment Financing7,088,800 7 Payable 2025 Market Value5,121,100 8 Market Value Increase (6-7)1,967,700 2 9 Increase in MV From TIF29,330,876 1 Assume approximately 3.00% annual appreciation over 12 year life of district. 2 Statutory compliance achieved if increase in market value from TIF (Line 9) is greater than or equal to zero. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 18 78 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Exhibit II Fridley, MN Tax Increment Financing District No. 27 (Redevelopment) River Edge Business Center Projected Tax Increment Financing (TIF) Cash Flow Captured TIF Taxes Taxable Original FD Tax Estimated Available Net Tax Net Tax PV Available District Payable Market Value Net Tax Capacity Original TIF from CapacityCapacity TIF YearYear(TMV)CapacityContributedTax RateDistrict for TIF 1202824,378,574486,821101,672163,879221,270107.05%236,006220,076 2202929,541,095590,072101,672194,775293,625107.05%313,179498,044 3203030,427,328607,797101,672196,725309,400107.05%330,005776,831 4203131,340,148626,053101,672198,695325,686107.05%347,3761,056,153 5203232,280,352644,857101,672200,684342,501107.05%365,3101,335,742 6203333,248,763664,225101,672202,693359,860107.05%383,8251,615,346 7203434,246,226684,175101,672204,723377,780107.05%402,9381,894,730 8203535,273,612704,722101,672206,773396,278107.05%422,6682,173,672 9203636,331,821725,886101,672208,843415,371107.05%443,0332,451,966 10203737,421,775747,686101,672210,934435,080107.05%464,0542,729,418 11203838,544,429770,139101,672213,046455,421107.05%485,7503,005,847 12203939,700,762793,265101,672215,179476,415107.05%508,1423,281,085 TOTAL = 4,702,288 Key Assumptions: 1 Taxable market value (TMV) annual growth assumption equal to approximately 3.00%. 2Original Tax Rate estimated based on Pay 2025 tax rates. 3Election for captured tax capacity is 100.00%. Property Class = Commercial. 4Base Tax Capacity is calculated based on a TMV = $5,121,100, which is equal to the County's preliminary estimated Pay 2026 TMV for the four parcels included in the TIF District. 5Present Value (PV) calculated based on 5.0% rate and 6/1/2027 dated date. 6Fiscal Disparities (FD) tax capacity is to be paid (contributed) from the property within the TIF District. 7Available TIF from District is after deducting State Auditor Fee (0.36% of tax increment from property). DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 19 79 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Exhibit III Fridley HRA Tax Increment Financing District No. 27 Impact on Other Taxing Jurisdictions (Taxes Payable 2025) Annual Tax Increment Estimated Annual Captured Tax Capacity (Full Development)$476,415 Payable 2025 Local Tax Rate107.045% Estimated Annual Tax Increment$509,978 Percent of Tax Base Net Tax Captured Percent of Capacity Tax Total NTC (NTC)Capacity Fridley, MN58,545,562476,4150.81% Anoka County614,373,779476,4150.08% School Districts73,452,793476,4150.65% Dollar Impact of Affected Taxing Jurisdictions Net Tax Tax Added Local Capacity % of TotalIncrement Tax Rate (NTC)Share Fridley, MN44.394%41.472%211,4990.361% Anoka County30.245%28.254%144,0920.023% School Districts26.553%24.805%126,5020.172% Other5.853%5.468%27,885 Totals107.045%100.000%509,978 NOTE NO. 1: Assuming that ALL of the captured tax capacity would be available to all taxing jurisdictions even if the City does not create the Tax Increment District, the creation of the District will reduce tax capacities and increase the local tax rate as illustrated in the above tables. NOTE NO. 2: Assuming that NONE of the captured tax capacity would be available to the taxing jurisdiction if the City did not create the Tax Increment District, then the plan has virtually no initial effect on the tax capacities of the taxing jurisdictions. However, once the District is established, allowable costs paid from the increments, and the District is terminated, all taxing jurisdictions will experience an increase in their tax base. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 20 7: Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 12028 24,378,574 486,821 101,672 221,270 236,859 98,231 66,923 58,754 12,951 22029 29,541,095 590,072 101,672 293,625 314,311 130,352 88,807 77,966 17,186 32030 30,427,328 607,797 101,672 309,400 331,197 137,355 93,578 82,155 18,109 42031 31,340,148 626,053 101,672 325,686 348,631 144,585 98,504 86,479 19,063 52032 32,280,352 644,857 101,672 342,501 366,630 152,050 103,589 90,944 20,047 62033 33,248,763 664,225 101,672 359,860 385,212 159,756 108,840 95,554 21,062 72034 34,246,226 684,175 101,672 377,780 404,394 167,711 114,259 100,312 22,112 82035 35,273,612 704,722 101,672 396,278 424,195 175,923 119,854 105,224 23,194 92036 36,331,821 725,886 101,672 415,371 444,634 184,400 125,629 110,294 24,311 102037 37,421,775 747,686 101,672 435,080 465,731 193,149 131,590 115,527 25,465 112038 38,544,429 770,139 101,672 455,421 487,505 202,180 137,742 120,928 26,655 122039 39,700,762 793,265 101,672 476,415 509,978 211,499 144,092 126,502 27,885 Total 4,719,277 1,957,191 1,333,407 1,170,639 258,040 Note: The Estimated Total Tax Increment shown above is before deducting the State Auditor's fee, which is payable at a rate of 0.36% of the Total Tax Increment collected. Exhibit II provides Estimated Total Tax Increment after deducting for the State Auditor's fee. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 21 81 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 EXHIBIT V Boundaries of Redevelopment Project No. 1 and Boundaries of TIF District No. 26 DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 22 82 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 EXHIBIT V - continued Boundaries of Redevelopment Project No. 1 and Existing TIF Districts within Boundaries DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 23 83 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 EXHIBIT VI DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 24 84 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 REPORT OF INSPECTION PROCEDURES AND RESULTS FOR DETERMINING QUALIFICATIONS OF A TAX INCREMENT FINANCING DISTRICT 7350 COMMERCE LANE REDEVELOPMENT TIF DISTRICT Prepared for CITY OF FRIDLEY FRIDLEY, MINNESOTA NOVEMBER 6, 2025 DRAFT FOR PUBLIC HEARING DECEMBER 22, 202525 85 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Table of Contents Part 1: Executive Summary......................................................................................................................................2 Purpose of the Evaluation........................................................................................................................................................2 Scope of Work.........................................................................................................................................................................3 Conclusion...............................................................................................................................................................................3 Part 2: Minnesota Statute 469.174, Subdivision 10 Requirements.......................................................................3 Interior Inspection....................................................................................................................................................................3 Exterior Inspection and Other Means......................................................................................................................................3 Documentation.........................................................................................................................................................................3 Qualification Requirements......................................................................................................................................................3 1. Coverage Test....................................................................................................................................................................3 2. Condition of Buildings Test.................................................................................................................................................4 3. Distribution of Substandard Buildings.................................................................................................................................5 Report by LHB, Inc. Part 3: Procedures Followed....................................................................................................................................5 Part 4: Findings.........................................................................................................................................................5 1. Coverage Test.....................................................................................................................................................................5 2. Condition of Building Test....................................................................................................................................................7 3. Distribution of Substandard Structures................................................................................................................................8 Part 5: Team Credentials..........................................................................................................................................9 Appendices................................................................................................................................................................9 APPENDIX A Property Condition Assessment Summary Sheet APPENDIX B Building Code, Condition Deficiency and Context Analysis Report APPENDIX C Building Replacement Cost Report Code Deficiency Cost Report Photographs 7350CommerceLaneTIF District LHB Project No.250581.00Page 1of 9Final Report DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 26 86 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Part 1: Executive Summary Purpose of the Evaluation LHB was hired by the City of Fridleyto inspect and evaluate the properties within a Tax Increment Financing Redevelopment District (“TIF District”) proposed to be established by the City. The proposed TIF District is locatedat7350CommerceLane NE(Diagram 1). The purpose of LHB’s work is to determine whether the proposed TIF District meets the statutory requirements for coverage, and whetheronebuilding onfourparcels, located within the proposed TIF District, meetsthe qualifications required for a Redevelopment District. Report by LHB, Inc. Diagram 1: Proposed TIF District 7350CommerceLaneTIF District LHB Project No.250581.00Page 2of 9Final Report DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 27 87 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Scope of Work The proposed TIF District consists of fourparcelswith onebuilding. Thebuilding wasinspected onSeptember24, 2025. Building Code and Condition Deficiency reportsareinAppendix B. Conclusion After inspecting and evaluating the properties within the proposed TIF District and applying current statutory criteria for a Redevelopment District under Minnesota Statutes, Section 469.174, Subdivision 10, it is our professional opinion that the proposed TIF District qualifies as a Redevelopment District because: The proposed TIF District has a coverage calculation of 92.6percent which is above the 70 percent requirement. 100percent of the buildings are structurally substandard which is above the 50percent requirement. The substandard buildings are reasonably distributed. The remainder of this report describes our process and findings in detail. Part 2:Minnesota Statute 469.174, Subdivision 10 Requirements Report by LHB, Inc. The properties were inspected in accordance with the following requirements under Minnesota Statutes, Section 469.174, Subdivision 10(c), which states: Interior Inspection “The municipality may not make such determination \[that the building is structurally substandard\] without an interior inspection of the property...” Exterior Inspection and Other Means “An interior inspection of the property is not required, if the municipality finds that (1) the municipality or authority is unable to gain access to the property after using its best efforts to obtain permission from the party that owns or controls the property; and (2) the evidence otherwise supports a reasonable conclusion that the building is structurally substandard.” Documentation “Written documentation of the findings and reasons why an interior inspection was not conducted must be made and retained under section 469.175, subdivision 3(1).” Qualification Requirements Minnesota Statutes, Section 469.174, Subdivision 10 (a) (1)requires three tests for occupied parcels: 1. COVERAGE TEST a.Minnesota Statutes, Section 469.174, Subdivision 10(a)(1) states: “Parcelsconsisting of 70 percent of the area of the district are occupied by buildings, streets, utilities, or paved or gravel parking lots…” 7350CommerceLaneTIF District LHB Project No.250581.00Page 3of 9Final Report DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 28 88 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 b.The coverage required by the parcel to be considered occupied is defined under Minnesota Statutes, Section 469.174, Subdivision 10(e), which states: “For purposes of this subdivision, a parcel is not occupied by buildings, streets, utilities, paved or gravel parking lots, or other similar structures unless 15 percent of the area of the parcel contains buildings, streets, utilities, paved or gravel parking lots, or other similar structures.” 2. CONDITION OF BUILDINGS TEST a.Minnesota Statutes, Section 469.174, Subdivision 10(a) states: “…and more than 50 percent of the buildings, not including outbuildings, are structurally substandard to a degree requiring substantial renovation or clearance;” b.Structurally substandard is defined under Minnesota Statutes, Section 469.174, Subdivision 10(b), which states: “For purposes of this subdivision, ‘structurally substandard’ shall mean containing defects in structural elements or a combination of deficiencies in essential utilities and facilities, light and ventilation, fire protection including adequate egress, layout and condition of interior partitions, or similar factors, which defects,or deficiencies are of sufficient total significance to justify substantial renovation or clearance.” i.We do not count energy code deficiencies toward the thresholds required by Minnesota Statutes, Section 469.174, Subdivision 10(b)defined as “structurally substandard”, due to concerns expressed by the State of Minnesota Court of Appeals in the Walser Auto Sales, Inc. vs. City of Richfield case filed November 13, 2001. c.Buildings are not eligible to be considered structurally substandard unless they meet certain additional criteria, as set Report by LHB, Inc. forth in Subdivision 10(c) which states: “A building is not structurally substandard if it followsthe building code applicable to new buildings or could be modified to satisfy the building code at a cost of less than 15 percent of the cost of constructing a new structure of the same square footage and type on the site. The municipality may find that abuilding is not disqualified as structurally substandard under the preceding sentence based onreasonably available evidence, such as the size, type, and age of the building, the average cost of plumbing, electrical, or structural repairs, or other similar reliable evidence.” “Items of evidence that support such a conclusion \[that the building is not disqualified\] include recent fire or police inspections, on-site property tax appraisals or housing inspections, exterior evidence of deterioration, or other similar reliable evidence.” i.LHB counts energy code deficiencies toward the 15 percent code threshold required by Minnesota Statutes, Section 469.174, Subdivision 10(c)) for the following reasons: 1)The Minnesota energy code is one of ten building code areas highlighted by the Minnesota Department of Labor and Industry website where minimum construction standards are required by law. 2)Chapter 13 of the 2015 Minnesota Building Code states, “Buildings shall be designed and constructed in accordance with the International Energy Conservation Code.” Furthermore, Minnesota Rules, Chapter 1305.0021 Subpart 9 states, “References to the International Energy Conservation Code in this code mean the Minnesota Energy Code…” 3)Chapter 11 of the 2015 Minnesota Residential Code incorporates Minnesota Rules, Chapters, 1322 and 1323 Minnesota Energy Code. 4)The Senior Building Code Representative for the Construction Codes and Licensing Division of the Minnesota Department of Labor and Industry confirmed that the Minnesota Energy Code is being enforced throughout the State of Minnesota. 5)In a January 2002 report to the Minnesota Legislature, the Management Analysis Division of the Minnesota Department of Administration confirmed that the construction cost of new buildings complying with the Minnesota Energy Code is higher than buildings built prior to the enactment of the code. 7350CommerceLaneTIF District LHB Project No.250581.00Page 4of 9Final Report DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 29 89 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 6)Proper TIF analysis requires a comparison between the replacement value of a new building built under current code standards with the repairs that would be necessary to bring the existing building up to current code standards. Foran equal comparison to be made, all applicable code chapters should be applied to both scenarios. Since current construction estimating software automatically applies the construction cost of complying with the Minnesota Energy Code, energy code deficiencies should also be identified in the existing structures. 3. DISTRIBUTION OF SUBSTANDARD BUILDINGS a.Minnesota Statutes, Section 469.174, Subdivision 10, defines a Redevelopment District and requires one or more of the following conditions“reasonably distributed throughout the district.”: “(1) Parcels consisting of 70 percent of the area of the district are occupied bybuildings, streets, utilities, paved or gravel parking lots, or other similar structures and more than 50 percent of the buildings, not including outbuildings, are structurally substandard to a degree requiring substantial renovation or clearance. (2)the property consists of vacant, unused, underused, inappropriately used, or infrequently used rail yards, rail storage facilities, or excessive or vacated railroad rights-of-way. (3)tank facilities, or property whose immediately previous use was for tank facilities…” b.Our interpretation of the distribution requirement is that the substandard buildings must be reasonably distributed throughout the district as compared to the location of all buildings in the district. For example, if allthe buildings in a district are located on one half of the area of the district, with the other half occupied by parking lots (meeting the required 70 percent coverage for the district), we would evaluate the distribution of the substandard buildings compared with only the half of the district where the buildings are located. If allthe buildings in a district are located Report by LHB, Inc. evenly throughout the entire area of the district, the substandard buildings must be reasonably distributed throughout the entire area of the district. We believe this is consistent with the opinion expressed by the State of Minnesota Court of Appeals in the Walser Auto Sales, Inc. vs. City of Richfield case filed November 13, 2001. Part 3: Procedures Followed LHB inspected onebuildingonSeptember24, 2025. Part 4: Findings 1.Coverage Test a.The total square foot area of the parcel in the proposed TIF District was obtained from City records, GIS mapping and site verification. b.The total square foot area of buildings and site improvements on the parcels in the proposed TIF District was obtained from City records, GIS mapping and site verification. c.The percentage of coverage for each parcel in the proposed TIF District was computed to determine if the 15 percent minimum requirement was met. The total square footage of parcels meeting the 15 percent requirement was divided into the total square footage of the entire district to determine if the 70 percent requirement was met. 7350CommerceLaneTIF District LHB Project No.250581.00Page 5of 9Final Report DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 30 8: Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 FINDING The proposed TIF District met the coverage test under Minnesota Statutes, Section 469.174, Subdivision 10(e), which resulted in parcels consisting of92.6percent of the area of the proposed TIF District being occupied by buildings, streets, utilities, paved or gravel parking lots, or other similar structures (Diagram 2). This exceeds the 70 percent area coverage requirement for the proposed TIF District under Minnesota Statutes, Section 469.174, Subdivision (a) (1). Report by LHB, Inc. Diagram 2 –Coverage Diagram Shaded area depicts a parcel more than 15 percent occupied by buildings, streets, utilities, paved or gravel parking lots or other similar structures 7350CommerceLaneTIF District LHB Project No.250581.00Page 6of 9Final Report DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 31 91 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 2.Condition of Building Test a.BUILDING INSPECTION i.The first step in the evaluation process is the building inspection. After an initial walk-thru, the inspector makes a judgment whethera building “appears” to have enough defects or deficiencies of sufficient total significance to justify substantial renovation or clearance. If it does, the inspector documents with notes and photographs code and non-code deficiencies in the building. b.REPLACEMENT COST i.The second step in evaluating a building to determine if it is substandard to a degree requiring substantial renovation or clearance is to determine its replacement cost. This is the cost of constructing a new structure of the same square footage and typeon site. Replacement costs were researched using R.S. Means Cost Works square foot models for2025. ii.The replacementcost was calculated by first establishing building use (office, retail, residential, etc.), building construction type (wood, concrete, masonry, etc.), and building size to obtain the appropriate median replacement cost, which factors in the costs of construction inFridley, Minnesota. iii.Replacement cost includes labor, materials, and the contractor’s overhead and profit. Replacement costs do not include architectural fees, legal fees or other “soft” costs not directly related to construction activities. Replacement cost for each building is tabulated in Appendix A. c.CODE DEFICIENCIES Report by LHB, Inc. i.The next step in evaluating a building is to determine what code deficiencies exist with respect to such building. Code deficiencies are those conditions for a building which are not in compliance with current building codes applicable to new buildings inthe State of Minnesota. ii.Minnesota Statutes, Section 469.174, Subdivision 10(c), specifically provides that a building cannot be considered structurally substandard if its code deficiencies are not at least 15 percent of the replacement cost of the building. As a result, it was necessary to determine the extent of code deficiencies for each building in the proposed TIF District. iii.The evaluation was made by reviewing all available information with respect to such buildings contained in City Building Inspection records and making interior and exterior inspections of the buildings. LHB utilizes the current Minnesota State Building Code as the official code for our evaluations. The Minnesota State Building Code is a series of provisional codes written specifically for Minnesotarequirements, adoption of several international codes, and amendments to the adopted international codes. iv.After identifying the code deficiencies in each building, we used R.S. Means Cost Works2025; Unit and Assembly Costs to determine the cost of correcting the identified deficiencies. We were then able to compare the correction costs with the replacement cost of each building to determine if the costs for correcting code deficiencies meet the required 15 percent threshold. FINDING Oneout of onebuilding(100percent) in the proposed TIF District contained code deficiencies exceeding the 15 percent threshold required by Minnesota Statutes, Section 469.174, Subdivision 10(c). Building Code, Condition Deficiency and Context Analysis reports for the building(s)in the proposed TIF District can be found in Appendix B of this report. d.SYSTEM CONDITION DEFICIENCIES i.If a building meets the minimum code deficiency threshold under Minnesota Statutes, Section 469.174, Subdivision 10(c), then forsuch building to be “structurally substandard” under Minnesota Statutes, Section 469.174, Subdivision 10(b), the building’s defects,or deficiencies should be of sufficient total significance to justify “substantial renovation or clearance.” Based on this definition, LHB re-evaluated each of the buildings that met the code deficiency threshold under Minnesota Statutes, Section 469.174, Subdivision 10(c), to 7350CommerceLaneTIF District LHB Project No.250581.00Page 7of 9Final Report DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 32 92 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 determine if the total deficiencies warranted “substantial renovation or clearance” based on the criteria we outlined above. ii.System condition deficiencies are a measurement of defects or substantial deterioration in site elements, structure, exterior envelope, mechanical and electrical components, fire protection and emergency systems, interior partitions, ceilings, floors,and doors. iii.The evaluation of system condition deficiencies was made by reviewing all available information contained in City records andmaking interior and exterior inspections of the buildings. LHB only identified system condition deficiencies that were visible upon our inspection of the building or contained in City records. We did not consider the amount of “service life” used up fora particular component unless it was an obvious part of that component’s deficiencies. iv.After identifying the system condition deficiencies in each building, we used our professional judgment to determine if the list of defects or deficiencies is of sufficient total significance to justify “substantial renovation or clearance.” FINDING In our professional opinion, oneout of onebuildings (100percent) in the proposed TIF District are structurally substandard to a degree requiring substantial renovation or clearance, because of defects in structural elements or a combination of deficiencies in essential utilities and facilities, light and ventilation, fire protection including adequate egress, layout and condition of interior partitions, or similar factors which defects or deficiencies are of sufficient total significance to justify substantial renovation or clearance. This exceeds the 50 percent requirement of Subdivision 10a(1). 3.Distribution of Substandard Structures Report by LHB, Inc. Much of this report has focused on the condition of individual buildings as they relate to requirements identified by Minnesota Statutes, Section 469.174, Subdivision 10. It is also important to look at the distribution of substandard buildings throughoutthe geographic area of the proposed TIF District (Diagram 3). FINDING The parcels with substandard buildings are reasonably distributed compared to all parcels that contain buildings. Diagram 3 –Substandard Buildings Shaded yellowarea depicts parcels with buildings. Shaded orange area depicts substandard buildings. 7350CommerceLaneTIF District LHB Project No.250581.00Page 8of 9Final Report DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 33 93 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Part 5: Team Credentials Michael A. Fischer, AIA, LEED AP -Project Principal/TIF Analyst Michael is a Principal and Vice President at LHB, with over 39-years of experience serving as a Project Principal, Project Manager, Project Designer and Project Architect on planning, urban design, educational, commercial, and governmental projects, he has become an expert on Tax Increment Finance District (TIF) analysis assisting over 130cities with strategic planning for TIF Districts. Michael completed a two-year Bush Fellowship, studying at MIT and Harvard in 1999, earning master’s degrees in City Planning and Real Estate Development from MIT. He has served on more than 50 committees, boards,and community task forces, including a term as a City Council President, Chair of a Metropolitan Planning Organization, and Chair of the Edina Planning Commission. Most recently, he served as a member of the Edina city counciland Secretary of the Edina HRA. Michael has also managed and designedseveral award-winning architectural projectsand was one of four architects in the Country to receive the AIA Young Architects Citation in 1997. Phil Fisher –Inspector For 35 years, Phil Fisher worked in the field of Building Operations in Minnesota including White Bear Lake Area Schools. At the University of Minnesota,he earned his Bachelor of Science in Industrial Technology. He is a Certified Playground Safety Report by LHB, Inc. Inspector, Certified Plant Engineer, and is trained in Minnesota Enterprise Real Properties (MERP) Facility Condition Assessment (FCA). His FCA training was recently applied to the Minnesota Department of Natural Resources Facilities Condition Assessment project involving over 2,000 buildings. Appendices APPENDIX A Property Condition Assessment Summary Sheet APPENDIX B Building Code, Condition Deficiency and Context Analysis Report APPENDIX C Building Replacement Cost Report Code Deficiency Cost Report Photographs 7350CommerceLaneTIF District LHB Project No.250581.00Page 9of 9Final Report DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 34 94 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 APPENDIX A Property Condition Assessment Summary Sheet Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 35 95 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 36 96 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 APPENDIX B Building Code, Condition Deficiency and Context Analysis Report Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 37 97 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 7350 Commerce LaneRedevelopment TIF District Building Code, Condition Deficiency and Context Analysis Report ParcelRich’s 7350 Commerce Lane Northeast, Fridley, Minnesota 55432 Address: 11-30-24-23-0026 Parcel ID: Inspection Date(s) & Time(s):September 24, 2025, 1:30 PM Inspection Type:Interior and Exterior Summary ofDeficiencies:It is our professional opinion that this building is Substandard because: -Substantial renovation is required to correct Conditions found. -Building Code deficiencies total more than 15% of replacement cost, NOT including energy code deficiencies. Estimated Replacement Cost:$24,123,070 Estimated Cost to Correct Building Code Deficiencies:$9,862,025 Percentage of Replacement Cost for Building Code Deficiencies:40.9% Report by LHB, Inc. DEFECTS IN STRUCTURAL ELEMENTS 1.Exterior concrete block and mortar are cracked and damaged allowing for water intrusion which is contrary to code. 2.Exterior walls show signs of differential settlement that should be corrected per code. 3.Steel lintels should be protected from rusting, per code. 4.Interior support columns and beams should be protected from rusting per code. COMBINATION OF DEFICIENCIES 1.Essential Utilities and Facilities a.The staff lounge does not comply with accessibility code. 2.Light and Ventilation a.The electrical system is not fully code compliant. b.The lighting system does not comply with code. c.The HVAC system does not comply with code. 3.Fire Protection/Adequate Egress a.Exterior exit doors are illegally chained and locked which is contrary to code. b.Thresholds do not comply with code for maximum height. c.Exterior stairs do not comply with code. d.Sidewalks are damaged creating an impediment to emergency egress which is contrary to code. e.Exterior electrical transformers are not properly protected per code. f.Interior stairs do not comply with code. 7350 Commerce Lane TIF DistrictPage 1 of 3 Building Report LHB Project No.250581.00Parcel–7350CommerceLn NE, Fridley, MN 55432 DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 38 98 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 g.Fire caulking should be installed per code. h.Concrete flooring is damaged creating an impediment to emergency egress which is contrary to code. i.Not all door hardware is code compliant. j.Emergency lighting is not fully code compliant. k.The emergency notification system is not fully code compliant. l.Elevated platforms are not code compliant. m.Emergency exit signs do not comply with code. 4.Layout and Condition of Interior Partitions/Materials a.Interior wood doors should be refinished. b.Carpet is stained and should be cleaned. c.Interior walls should be repaired and repainted. 5.Exterior Construction a.Parking lots should have cracks filled and seal coated. b.Exterior painted surfaces should be repainted. c.Windows are failing, allowing for water intrusion which is contrary to code. d.Exterior caulking is failing, allowing for water intrusion which is contrary to code. Report by LHB, Inc. e.Exterior painted metal surfaces should be repainted. f.Exterior door metal door stiles are rusting and should be repainted. g.Exterior metal stairs should be protected from rusting per code. h.Roofing materials are failing, allowing for water intrusion which is contrary to code. DESCRIPTION OF CODE DEFICIENCIES 1.Repair or replace damaged exterior concrete block and mortar to prevent water intrusion per code. 2.Repair exterior foundations where differential settlement is observed by cracked concrete blocks,per code. 3.Protect steel lintels from rusting, per code. 4.Protect interior steel beams and columns from rusting per code. 5.Modify staff lounge to comply with code. 6.Upgrade electrical system to comply with code. 7.Install a code compliant HVAC system. 8.Install a code compliant lighting system. 9.Unchain exterior doors to comply with code. 10.Modify thresholds to comply with code. 11.Modify exterior stairs to comply with code. 12.Repair or replace damaged sidewalks to create a code required unimpeded means for emergency egress. 13.Properly protect exterior electrical transformers to comply with code. 14.Modify interior stairs to comply with code. 15.Install code required fire caulking. 16.Repair damaged concrete flooring to create a code required unimpeded means for emergency egress. 7350 Commerce Lane TIF DistrictPage 2 of 3 Building Report LHB Project No.250581.00Parcel–7350CommerceLn NE, Fridley, MN 55432 DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 39 99 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 17.Modify non-compliant door hardware to comply with code. 18.Install a code compliant emergency lighting. 19.Install a code compliant emergency notification system. 20.Modify elevated platforms to comply with code. 21.Install code compliant emergency exit signs. 22.Replace failed windows to prevent water intrusion, per code. 23.Replace failed exterior caulking to prevent water intrusion, per code. 24.Exterior metal stairs should be protected from rusting per code. 25.Replace failed roofing materials to prevent water intrusion per code. OVERVIEW OF DEFICIENCIES This former bakery facility exhibits several critical deficiencies in both structural condition and code compliance. The exterior concrete block and mortar are cracked and damaged, resulting in water intrusion, while differential settlement in the exterior walls requires correction to meet code standards. Steel lintels, as well as interior support columns and beams, need protection from rusting. Several essential utilities and facilities do not comply with current codes, including the staff lounge’s lack of accessibility and inadequacies in the electrical, lighting, and HVAC systems. Fire protection and egress measures are compromised by illegally chained and locked exterior exit doors, non-compliant thresholds and stairs, as well as damaged sidewalks and concrete flooring that impede emergency exits. Additional concerns include unprotected exterior electrical transformers, the absence of fire caulking, and non-compliant emergency lighting, notification systems, elevated platforms, Report by LHB, Inc. and exit signage. Interior surfaces such as wood doors, carpets, and walls require maintenance and repair, while exterior construction issues include deteriorating parking lots, failing windows and caulking, rusting and peeling painted surfaces, and compromised roofing materials—allcontributing to ongoing water intrusion and further jeopardizing code compliance. ENERGY CODE DEFICIENCIES In addition to the building code deficiencies listed above, the existing building does not comply with the current energy code. These deficiencies are not included in the estimated costs to correct code deficiencies and are not considered in determining whetherthe building is substandard. M:\\25Proj\\250581\\300 Design\\Reports\\Building Reports\\D- 7350 Commerce LN NE Building Report Redevelopment District.docx 7350 Commerce Lane TIF DistrictPage 3 of 3 Building Report LHB Project No.250581.00Parcel–7350CommerceLn NE, Fridley, MN 55432 DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 40 9: Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 APPENDIX C Building Replacement Cost Report Code Deficiency Cost Report Photographs Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 41 :1 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 7350 Commerce Lane Redevelopment TIF District Replacement Cost Report Replacement Cost Report 7350 Commerce Lane TIF District Page 1 of 3 Parcel -7350 Commerce Ln NE, Fridley, MN 55432 LHB Project No. 250581.00 DRAFT FOR PUBLIC HEARING DECEMBER 22, 202542 :2 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. 7350 Commerce Lane TIF DistrictReplacement Cost Report Page 2 of 3 LHB Project No. 250581.00Parcel - 7350 Commerce Ln NE, Fridley, MN 55432 DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 43 :3 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. 7350 Commerce Lane TIF DistrictReplacement Cost Report Page 3 of 3 LHB Project No. 250581.00Parcel - 7350 Commerce Ln NE, Fridley, MN 55432 DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 44 :4 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 7350 Commerce Lane Redevelopment TIF District Code Deficiency Cost Report Parcel - 7350 Commerce Lane Northeast, Fridley, Minnesota 55432Building Name or Type Parcel ID 10-30-24-23-0026Rich's Unit Code Related Cost ItemsUnit CostUnitsTotal Quantity Accessibility Items Staff Lounge Modify staff lounge to comply with accessibility code $ Lump11,000.00$ 1,000.00 Structural Elements Exterior Concrete Block and Mortar Repair damaged concrete block and mortar to prevent water intrusion per code $ 1 .25SF160,000$ 200,000.00 Differential Settlement Correct differential settlement issues on exterior footing per code $ 0 .50SF160,000$ 80,000.00 Steel Lintels Protect steel lintels from rusting per code $ Lump12,500.00$ 2,500.00 Report by LHB, Inc. Interior Structural Support Columns and Beams Protect structural support columns and beams from rusting per code $ 0 .05SF160,000$ 8,000.00 Exiting Exterior Doors Remove non-code compliant chain and lock on exterior door$ 2 5.00Lump1$25.00 Thresholds Modify thresholds to comply with code for maximum height$ 5 00.00Lump1$500.00 Exterior Stairs Modify exterior stairs to comply with code$ Lump15,000.00$ 5,000.00 Sidewalks Repair or replace damaged sidewalks to create a code required unimpeded means for emergency egress $ 8 .00SF5,000$ 40,000.00 Interior Stairs Modify interior stairs to comply with code $ Lump110,000.00$ 10,000.00 Concrete Flooring Repair or replace damaged concrete flooring to create a code required unimpeded means for emergency egress $ 1 1.86SF5,000$ 59,300.00 Door Hardware Install code compliant door hardware where needed $ Lump11,000.00$ 1,000.00 Emergency Lighting System Modify emergency lighting system to comply with code $ 0 .75SF160,000$ 120,000.00 Emergency Notification System Install a code compliant emergency notification system $ 0 .58SF160,000$ 92,800.00 Elevated Platform Modify elevated platform to comply with code $ 1 00.00EA1$100.00 7350 Commerce Lane TIF DistrictCode Deficiency Cost Report Page 1 of 2 LHB Project No. 250581.00Parcel - 7350 Lommerce LN NE, Fridley, MN 55432 DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 45 :5 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Unit Code Related Cost ItemsUnit CostUnitsTotal Quantity Emergency Exit Signs Install code compliant emergency exit signs $ 0 .20SF160,000$ 32,000.00 Fire Protection Electrical Transformer Properly protect exterior electrical transformer to comply with code $ Lump12,500.00$ 2,500.00 Fire Caulking Install code required fire caulking $ 0 .04SF160,000$ 6,400.00 Exterior Construction Windows Replace failed windows to prevent water intrusion per code $ 3 .74SF160,000$ 598,400.00 Exterior Caulking $- Replace failed exterior caulking to prevent water intrusion per code $ 0 .15SF160,000$ 24,000.00 Exterior Metal Stairs Protect exterior metal stairs from rusting to comply with code $ Lump12,500.00$ 2,500.00 Roof Construction Roofing Materials Report by LHB, Inc. Replace failed roofing materials to prevent water intrusion per code $ 0 .75SF160,000$ 120,000.00 Mechanical - Electrical Mechanical Install a code compliant HVAC system $ 3 0.28SF160,000$ 4,844,800.00 Electrical Upgrade electrical system to comply with code $ 4 .82SF160,000$ 771,200.00 Install a code compliant lighting system $ 1 7.75SF160,000$ 2,840,000.00 Total Code Improvements9,862,025$ 7350 Commerce Lane TIF DistrictCode Deficiency Cost Report Page 2 of 2 LHB Project No. 250581.00Parcel - 7350 Lommerce LN NE, Fridley, MN 55432 DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 46 :6 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 47 :7 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 48 :8 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 49 :9 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 50 :: Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 51 211 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 52 212 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 53 213 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 54 214 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 55 215 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 56 216 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 57 217 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 58 218 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 59 219 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 60 21: Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 61 221 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 62 222 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 63 223 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 64 224 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Report by LHB, Inc. DRAFT FOR PUBLIC HEARING DECEMBER 22, 2025 65 225 Jufn!7/ TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 27 Prepared by: 701 Washington Avenue North, Suite 200, Minneapolis, MN 55401 LHBcorp.com LHB Project No. 250581.00 DRAFT FOR PUBLIC HEARING DECEMBER 22, 202566 226 Jufn!8/ AGENDA REPORT Meeting Date:December22,2025 Meeting Type:City Council Submitted By:Mike Maher, Parks and Recreation Director Jesslyn Quiram, Engineering Technician Title: Resolution No. 2025-172, Approving the Concept Proposal for the Commons Park Sculpture by Artist Ken McCall Background Athree-partyagreement was approved bythe CityCouncil(Council)at the August 11, 2025Council Meeting between the City of Fridley(City), Fridley Creative Arts Foundation and artist Ken McCall to commission a work of sculpture as part of the Commons Park redevelopment project. The Fridley Creative Arts Foundation agreed to fund the project in an amount not to exceed $50,000. Mr. McCall wasselected by the Parks and Recreation Commission through a robust interview and evaluation process The City will own and maintain the artwork, to be installed at Commons Park. A project concept (attached) wasdeveloped and presented by artist Ken McCall fortheCommons Park sculpture. This concept was endorsed and recommended by the Public Arts Commission at their November 5, 2025,meeting. This recommendation to approve the concept was pending an engagement process with the Native Americanpeople, for whom wild rice is a sacred and sustaining food, celebrating their enduring cultu in the project narrative. Staff held a preliminary meeting with representatives from the Native American Community th Development Institute (NACDI) on December 15. NACDI indicated that the project,as presented,was well-developed by the artist and reflected the input shared by the Fridley community to celebrate the themes of diversity, nature, water, and history. NACDI indicated that an engagement process with the Native American community as the project is being created and installed is appropriate andthat they would submit a proposal to offer consultation to the City on community engagement with the Native community. Financial Impact The Commons Park sculpture project hasbeen approved for funding by the non-profit Fridley Creative Arts Foundation. Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 227 Jufn!8/ Recommendation Staff recommends that Council approve Resolution No. 2025-172, Approving the Concept Proposal for the Commons Park Sculpture by Artist Ken McCall. Staff will complete a community engagement process with the Native American community and Fridley community based on the sculpture design, inspiration and themes in 2026 as the sculpture is constructed, installed and celebrated. Focus on Fridley Strategic Alignment X Vibrant Neighborhoods & Places X Community Identity & Relationship Building Financial Stability & Commercial Prosperity Public Safety & Environmental Stewardship Organizational Excellence Attachments and Other Resources !Resolution No. 2025-172 !Commons Park Fridley Artwork Proposal from Artist Ken McCall !Complete Survey Responses to Commons Park Survey !Commons Park Survey Results Summary Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 228 Jufn!8/ Resolution No. 2025-172 Approving the Concept Proposal for Commons Park Sculpture from Artist Ken McCall Whereas, the City of Fridley (City) has established a public art program and Public Arts Commission to guide the process; and Whereas, the nonprofit Fridley Creative Arts Foundation was established to provide funding for public art in Fridley and has entered into agreement to fund the Commons Park sculpture project in an amount not to exceed $50,000; and Whereas, the public arts Commission submitted a call for art for the Commons Park sculpture project and artist Ken McCall was selected by the Commission after a robust evaluation and interview process; and Whereas, Mr. McCall has submitted a proposal detailing his concept design for the project which was inspired by themes identified through community engagement; and Whereas, the Public Arts Commission has recommended approval of the concept in conjunction with an engagement process with the Native American community given that the artwork is inspired, in part, by Native American culture; and Whereas, after concept and narrative review, staff recommends approval of the Concept along with a community engagement process to be undertaken as the project is constructed, installed and celebrated; and Now, therefore be it resolved, that the City Council of the City of Fridley authorizes the concept proposal for public art submitted by artist Ken McCall for the Commons Park sculpture project, allowing for subsequent fabrication and installation of the artwork as outlined in the executed artist agreement. Passed and adopted by the City Council of the City of Fridley this 22nd day of December, 2025. _______________________________________ Dave Ostwald Mayor Attest: ___________________________________ Melissa Moore City Clerk 229 Jufn!8/ Commons Park Artwork Fridley, MN Design Proposal Ken McCall 22: Jufn!8/ Inspired by the idea of harmony in multiplicity, ~êŏŗŗŎijŏ ijŹ϶đŏƚijŹijŗŏđċ϶êŹ϶ê϶ňêŏċŎêŵń϶Ĩŗŵ϶9ŗŎŎŗŏŹ϶¡êŵń϶Бê϶ƚijăŵêŏƂ϶ŹƢŎăŗň϶ŗĨ϶Ƃİđ϶ąijƂƢЪŹ϶ƜđňąŗŎijŏĩ϶ŹŲijŵijƂϽ϶ŵijąİ϶İijŹƂŗŵƢϽ϶ and commitment to diversity. Named after the Ojibwe word for wild rice while also paƢijŏĩ϶ƂŵijăƇƂđ϶Ƃŗ϶\[ijŵċňđƢЪŹŗŵijĩijŏêň϶ŏêŎđϽ϶~êŏoomin, the sculpture seeks to honor local heritage, foster connection, and serve as an invitation for all residents and visitors to gather, reflect, and celebrate communijƂƢ϶ƚêňƇđŹϼ϶°İđ϶ŹąƇňŲƂƇŵđЪŹ϶ŲŵđŹđŏąđ϶ijŏ϶ Commons Park will be a daily reminder of \[ŵijċňđƢЪŹ϶Źİêŵđċ϶ŹƂŗŵƢϾ϶ê϶ąijƂƢ϶ŹİêŲđċ϶ăƢ϶êĩŵijąƇňƂƇŵêň϶ƂŵêċijƂijŗŏŹϽ϶ŏêƂƇŵêň϶ăđêƇƂƢϽ϶êŏċ϶the enduring bonds among its residents - cultivating hope and connection for the future.cultivating hope and connection for the future. 231 Jufn!8/ At the heart of the design are hands, reprđŹđŏƂijŏĩ϶\[ŵijċňđƢЪŹ϶ĨŵijđŏċňƢ϶êŏċ϶ijŏąňƇŹijƚđ϶atmosphere. These hands reach out and cradle ŹŲŵŗƇƂijŏĩ϶ŵijąđϽ϶ê϶ċijŵđąƂ϶ŏŗċ϶Ƃŗ϶Ƃİđ϶ąijƂƢЪŹ϶êĩŵijąƇňƂƇŵêň϶ŵŗŗƂŹ϶êŏd the native wild rice that sustains both land and community. 232 Jufn!8/ Overlaying the cortensteel arms and hands is an artistic mapping of Rice Creek, accurately rendered to pay tribute to an essential natural feature and its influence on local life. 233 Jufn!8/ Every element of ~êŏŗŗŎijŏ carries layered meaning: ËđňąŗŎijŏĩ϶cêŏċŹ: The open hands are a universal gesture of friendship and hospitality, emboċƢijŏĩ϶\[ŵijċňđƢЪŹ϶ŵđŲƇƂêƂijŗŏ϶Ĩŗŵ϶ being a warm, inclusive community. They invite interaction, reflection, and a sense of belonging. Ëijňċ϶¤ijąđ϶(Manoomin): The rice sprouting from the hands ąŗŏŏđąƂŹ϶Ƃİđ϶Ųijđąđ϶Ƃŗ϶\[ŵijċňđƢЪŹ϶êĩŵijąƇňƂƇŵêň϶İđŵijƂêĩđ϶êŏċ϶Ƃİđ϶ ŏêƂijƚđ϶Ɯijňċ϶ŵijąđ϶ƂİêƂ϶ĩŵŗƜŹ϶ijŏ϶~ijŏŏđŹŗƂêЪŹ϶ƜđƂňêŏċŹϼ϶Щ~êŏŗŗŎijŏЪ϶ acknowledges the Ojibwe people, for whom wild rice is a sacred and sustaining food, celebrating their enduring cultural legacy. ¤ijąđ϶9ŵđđń϶?đŲijąƂijŗŏ: The sculpted map of Rice Creek pays homage to the local environment, serving as a reminder of the ąŗŎŎƇŏijƂƢЪŹ϶ąŗŏŏđąƂijŗŏ϶Ƃŗ϶ijƂŹ϶ŏêƂƇŵêň϶ŵđŹŗƇŵąđŹ϶êŏċ϶Ƃİđ϶ importance of stewardship. µŏijƂƢ϶êŏċ϶?ijƚđŵŹijƂƢ: By intertwining references to native traditions, agricultural abundance, and a welcoming spirit, the sculpture conveys a message of unity in diversity, a vision for a community that cherishes its roots while embracing change and growth. 234 Jufn!8/ Created from an expressive combination of cortensteel, stainless steel, aluminum, and acrylic, the sculpture will embody both rCttdfibitifttltiltllidlithltillbdbthilidesilience and grace. 9ŗŵƂđŏ϶ŹƂđđňЪŹ϶đêŵƂİƢ϶ŲêƂijŏê϶Ɯijňň϶đƚŗńđ϶Ƃİđ϶ŏêƂƇŵêň϶ňêŏċŹąêŲđ϶êŏċ϶ňŗŏĩđƚijƂƢϽ϶Ɯİijňđ϶ŹƂêijŏňđŹŹ϶ŹƂđđň϶êŏċ϶êňƇŎijŏƇŎ϶Ɯijňň϶êċċ϶ăŵijĩİƂness and modernity. Acrylic elements will provide vivid accentuation, allowing natural light to interact dynamically with the sculpture throughout the day. 235 Jufn!8/ The acrylic panels of the ~êŏŗŗŎijŏ will cast beautiful mosaics onto the ground, creating timeless interactions with both nature and viewers. Each ŎŗŎđŏƂϽ϶Ƃİđ϶ŎŗŹêiją϶ŗŏ϶Ƃİđ϶ĩŵŗƇŏċ϶ŹİijĨƂŹБŵijŲŲňijŏĩ϶ƜijƂİ϶Ƃİđ϶ƜijŏċϽ϶ăŵijĩİƂđŏijŏĩ϶ƜijƂİ϶Ƃİđ϶ŹƇŏϽ϶ŗŵ϶Ĩêċijŏĩ϶ijŏƂŗ϶ŹƇăƂňđƂƢ϶ăđŏđêƂİ϶ċŵijĨƂing clouds. This ever- changing quality ensures that no two experiences are quite alike. In this convergence of light, color and form, the sculpturebecomes not only an object to be seen but a catalyst for experience. 236 Jufn!8/ ˶˨˫˫ ˲˳ˠ˭ˣ ˠ˯˯˱ˮ˷˨ˬˠ˳ˤ˫˸ ʰʱͭ ʳͰ ˳ˠ˫˫ˠ˭ˣ ˡˤ ˠˡˮ˴˳ʵͭʵͭͭ ˶˨ˣˤ ˠ˳ ˳˧ˤ ˡˠ˲ˤʫ 237 Jufn!8/ Budget Engineering$2,000 Insurance$500 Materials$22,000 Fabrication$14,000 Travel/Transportation$3,000 Concrete/Installation$6,000 Community Engagement$500 Artist Design Fee$2,000 °ŗƂêňѦͱͬϽͬͬͬ 238 Jufn!8/ Thank you for the opportunity to create a design proposal for artwork at Commons Park. 239 Jufn!8/ Public Art Survey Summary Commons Park Sculpture Project 23: Jufn!8/ Public Art Survey Summary CommonsPark Looking at these community responses about the Commons Park public art opportunity in Fridley, I can identify several strong recurring themes and ideas that emerged from residents: SURVEY QUESTIONS 1.What themes or symbols do you feel represent Fridley or Fridley’s community spirit? 2.Are there particular natural elements or local culture you would like to see reflected in the sculpture? 3.If you could see one feeling or idea brought to life in the sculpture, what would it be? DOMINANT THEMES NATURE & WATER (MOST PROMINENT)THE OVERWHELMING MAJORITY MENTIONED WATER FEATURES, PARTICULARLY: Mississippi River (mentioned in ~12 responses) Rice Creek (mentioned in ~7 responses) Moore Lake (mentioned in ~4 responses) Natural elements like wetlands, prairie plants, birds (herons, owls, eagles, waterfowl) Trees, green spaces, and parks DIVERSITY & UNITY (SECOND MOST COMMON)ABOUT 8-10 RESPONSES EMPHASIZED: Cultural and racial diversity Inclusion and representation of all races/cultures Community coming together Unity despite differences "Melting pot" character of Fridley COMMUNITY & FAMILY Intergenerational families Togetherness and connection Supporting people and children The "Friendly Fridley" identity HISTORICAL ELEMENTS Indigenous roots and acknowledgment of native land May 6, 1965 tornado memorial Ox carts and wild rice (historical references) Local history SCHOOL IDENTITY Fridley Tigers mascot (mentioned 2-3 times) 1 241 Jufn!8/ Public Art Survey Summary CommonsPark Representing resilience and strength NOTABLE SPECIFIC IDEAS 1.Interactive elements-One response suggested movable parts (spinning bike wheel, lever-operated squirrel) 2.Materials-Reclaimed wood, metal combinations 3.Feeling/mood-Calm, joy, movement, "growing & ever changing" 4.Reference art-One respondent mentioned the Unity Hospital statue of a woman reaching up DISSENTING VOICES Two responses expressed strong opposition to spending tax dollars on public art, preferring funds go to police/firefighters or suggesting donations from local artists instead. SUMMARY FOR ARTISTS The ideal sculpture would likely incorporate water/river themes with diverse community representation, possibly featuring native wildlife and plants, conveying a sense of togetherness, calm, and joy while acknowledging both natural beauty and cultural diversity that defines Fridley. Summary created with Claude AI on 11/20/2025 2 242 Jufn!8/ From:Hall, Brooke To:Maher, Mike; Quiram, Jesslyn Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:59:47 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Tuesday, September 2, 2025 6:10 AM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsWe have a hospital which represents wellness health do you feel representrestoration, a beautiful river and walkable parks and trails Fridley or Fridley's community spirit?Churches that reach out to community with food meals support Are there particular natural elements or local cultureAll races represented, children celebrated of all races colors you would like to seeand creeds reflected in the sculpture? If you could see oneMy personal favorite is the statue at the main entry of Unity. A feeling or idea brought towoman reaching up. life in the sculpture, what would it be?Something representing community and families together Include the river connecting, bringing life, restoration, recreation You can edit this submission and view all your submissions easily. 243 Jufn!8/ From:Hall, Brooke To:Maher, Mike; Quiram, Jesslyn Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:59:36 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Sunday, August 31, 2025 7:30 PM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity If you could see one feeling or idea brought toPaying respects to those who survived and those who died on life in the sculpture, whatmay 6th 1965. would it be? You can edit this submission and view all your submissions easily. 244 Jufn!8/ From:Hall, Brooke To:Maher, Mike; Quiram, Jesslyn Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:59:27 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Sunday, August 31, 2025 6:43 PM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsFridley Tigers! It's our mascot. It represents our resilance and do you feel representstrength as a community. Fridley or Fridley's community spirit? Are there particular natural elements or local cultureThe tiger says it all, as Fridley is a melting pot of cultures and it you would like to seeis represented in the diversity of our schools. reflected in the sculpture? If you could see one feeling or idea brought toSupporting our people, our community, our children (our life in the sculpture, whatschools). would it be? You can edit this submission and view all your submissions easily. 245 Jufn!8/ From:Hall, Brooke To:Maher, Mike; Quiram, Jesslyn Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:59:17 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Sunday, August 31, 2025 7:53 AM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsRiver, ox carts, wild rice. do you feel represent Fridley or Fridley's community spirit? Are there particular natural elements or local culture River, creek, wild rice. you would like to see reflected in the sculpture? If you could see one feeling or idea brought to History. life in the sculpture, what would it be? You can edit this submission and view all your submissions easily. 246 Jufn!8/ From:Hall, Brooke To:Quiram, Jesslyn; Maher, Mike Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:59:08 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Friday, August 29, 2025 11:00 PM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsBeing in nature, with springbrook nature center, the rice creek do you feel representarea, Moore lake and being on the Mississippi we definitely Fridley or Fridley'shave solid choices to be a part of nature. We are deemed community spirit?"friendly Fridley" but I don't feel we live up to that moniker as much. Are there particular natural elements or local cultureReclaimed wood, representation of the Mississippi river/rice you would like to seecreek reflected in the sculpture? If you could see oneWould love to see a beautiful representation of nature. City feeling or idea brought tomeets green spaces showing a blend of both worlds. City life life in the sculpture, whatwith the opportunity to slow down and smell the roses. But a would it be?touch of whimsy too. Examples 2, 12, 17, or 38 in this link. https://streetartutopia.com/2025/07/27/when-street-art-meets- nature/ Or look at project 412 in Detroit Lakes, their latest installation "Of the earth" is a great compliment to the Thomas dambo trolls in the area. 247 Jufn!8/ You can edit this submission and view all your submissions easily. 248 Jufn!8/ From:Hall, Brooke To:Maher, Mike; Quiram, Jesslyn Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:58:59 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Friday, August 29, 2025 8:32 PM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsNature, Parks, Family, Diversity do you feel represent Fridley or Fridley's community spirit? Are there particular natural elements or local culture Rivers & creeks, Trees, Prairie plants, Color, Music, Parks you would like to see reflected in the sculpture? If you could see one feeling or idea brought to Growing & ever changing, Community, Friendly, Movement life in the sculpture, what would it be? You can edit this submission and view all your submissions easily. 249 Jufn!8/ From:Hall, Brooke To:Maher, Mike; Quiram, Jesslyn Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:58:50 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Friday, August 29, 2025 6:50 PM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsFridley is a great community for outdoor activities and do you feel representappreciating nature. What about some of those things. How Fridley or Fridley'sabout parts of a bicycle, and a skateboard, how about community spirit?representations of squirrels, rabbits, trees. Are there particular naturalWhat about a composition using metal and wood? What about elements or local culturean interactive sculpture? How about you can spin the bike you would like to seewheel and you can use a lever to make the squirrel go up a tree reflected in the sculpture?trunk. If you could see one feeling or idea brought to Fridley is nature friendly. life in the sculpture, what would it be? You can edit this submission and view all your submissions easily. 24: Jufn!8/ From:Hall, Brooke To:Maher, Mike; Quiram, Jesslyn Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:58:42 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Friday, August 29, 2025 3:18 PM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsThe diversity of cultures represented in Fridley do you feel represent Fridley or Fridley's community spirit? Are there particular natural elements or local culture The Mississippi River you would like to see reflected in the sculpture? If you could see one feeling or idea brought to Unity; a community that is strong because of our differences life in the sculpture, what would it be? You can edit this submission and view all your submissions easily. 251 Jufn!8/ From:Hall, Brooke To:Quiram, Jesslyn; Maher, Mike Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:58:34 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Friday, August 29, 2025 2:53 PM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsNature, the Mississippi river and Moore lake do you feel represent Fridley or Fridley's community spirit? Are there particular natural elements or local culture Lakeshore plants like cattails and tall grasses with birds you would like to see reflected in the sculpture? If you could see one feeling or idea brought to Calm nature life in the sculpture, what would it be? You can edit this submission and view all your submissions easily. 252 Jufn!8/ From:Hall, Brooke To:Maher, Mike; Quiram, Jesslyn Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:58:13 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Friday, August 29, 2025 1:12 AM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsCultural diversity do you feel represent Fridley or Fridley's community spirit? Are there particular natural elements or local culture Multiple cultures you would like to see reflected in the sculpture? If you could see one feeling or idea brought to Community life in the sculpture, what would it be? You can edit this submission and view all your submissions easily. 253 Jufn!8/ From:Hall, Brooke To:Quiram, Jesslyn; Maher, Mike Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:58:06 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Thursday, August 28, 2025 6:57 PM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsSmall town feel, Mississippi River. do you feel represent Fridley or Fridley's community spirit? Are there particular natural elements or local cultureThe Mississippi River, birds, and we have beautiful green you would like to seespaces throughout. reflected in the sculpture? If you could see one feeling or idea brought to Nature. life in the sculpture, what would it be? You can edit this submission and view all your submissions easily. 254 Jufn!8/ From:Hall, Brooke To:Maher, Mike; Quiram, Jesslyn Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:57:55 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Thursday, August 28, 2025 6:28 PM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsNature/water, cultural diversity do you feel represent Fridley or Fridley's community spirit? Are there particular natural elements or local culture River/Creek, owls, turkeys you would like to see reflected in the sculpture? If you could see one feeling or idea brought to People coming together in nature! life in the sculpture, what would it be? You can edit this submission and view all your submissions easily. 255 Jufn!8/ From:Hall, Brooke To:Maher, Mike; Quiram, Jesslyn Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:57:44 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Thursday, August 28, 2025 3:08 PM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsDiversity. Interconnectedness. Work ethic. do you feel represent Fridley or Fridley's community spirit? Are there particular naturalOsprey, eagles, swans and herons. elements or local culture you would like to seeThe intersection of rivers, creeks, and highways. reflected in the sculpture? The full breadth of seasons and temperatures. If you could see one feeling or idea brought to Together on the river. life in the sculpture, what would it be? You can edit this submission and view all your submissions easily. 256 Jufn!8/ From:Hall, Brooke To:Maher, Mike; Quiram, Jesslyn Subject:FW: Commons Park Public Art Opportunity Date:Tuesday, September 2, 2025 8:57:39 AM Brooke Hall Communications Coordinator City of Fridley Direct: 763-572-3548 7071 University Ave. N.E., Fridley, MN 55432 Brooke.Hall@FridleyMN.gov | FridleyMN.gov From: Jotform <noreply@jotform.com> Sent: Thursday, August 28, 2025 3:07 PM To: City of Fridley Communications Division <communications@fridleymn.gov> Subject: Re: Commons Park Public Art Opportunity Commons Park Public Art Opportunity What themes or symbolsRacial diversity, parks/outdoors/wildlife, garage sales! :D do you feel represent Fridley or Fridley's community spirit? Are there particular natural elements or local culture Mississippi River! you would like to see reflected in the sculpture? If you could see one feeling or idea brought to Inter generational family life in the sculpture, what would it be? You can edit this submission and view all your submissions easily. 257 Jufn!8/ From:Jotform To:Maher, Mike; Quiram, Jesslyn Subject:Re: Commons Park Public Art Opportunity Date:Thursday, September 4, 2025 1:41:16 PM Commons Park Public Art Opportunity What themes or symbolsHelping and supporting. Especially of people of color. do you feel represent Fridley or Fridley's community spirit? Are there particular natural elements or local cultureWater representation because of the Mississippi and Rice you would like to seeCreek reflected in the sculpture? If you could see one feeling or idea brought to life in theJoy sculpture, what would it be? You can edit this submission and view all your submissions easily. 258 Jufn!8/ From:Jotform To:Maher, Mike; Quiram, Jesslyn Subject:Re: Commons Park Public Art Opportunity Date:Thursday, September 4, 2025 11:19:24 AM Commons Park Public Art Opportunity What themes or symbolsWater, trees, community do you feel represent Fridley or Fridley's community spirit? Are there particular natural elements or local culture Trees/water you would like to see reflected in the sculpture? If you could see one feeling or idea brought to life in theCalming sculpture, what would it be? You can edit this submission and view all your submissions easily. 259 Jufn!8/ From:Jotform To:Maher, Mike; Quiram, Jesslyn Subject:Re: Commons Park Public Art Opportunity Date:Thursday, September 25, 2025 7:36:19 PM Commons Park Public Art Opportunity What themes or symbolsSpend the money somewhere else do you feel represent Fridley or Fridley's community spirit? Are there particular natural elements or local culture Spend elsewhere you would like to see reflected in the sculpture? If you could see one feeling or idea brought to life in theSpend else where sculpture, what would it be? You can edit this submission and view all your submissions easily. 25: Jufn!8/ From:Jotform To:Maher, Mike; Quiram, Jesslyn Subject:Re: Commons Park Public Art Opportunity Date:Thursday, September 25, 2025 8:29:23 AM Commons Park Public Art Opportunity What themes or symbolsInclusion, Acknowledging the indigenous land we are on, do you feel represent education, Fridley or Fridley's community spirit? Are there particular natural elements or local culture The rice creek, Mississippi River, you would like to see reflected in the sculpture? If you could see one feeling A knowing our indigenous roots and moving toward a wisdom or idea brought to life in the progressive future sculpture, what would it be? You can edit this submission and view all your submissions easily. 261 Jufn!8/ From:Jotform To:Maher, Mike; Quiram, Jesslyn Subject:Re: Commons Park Public Art Opportunity Date:Wednesday, September 24, 2025 8:57:14 AM Commons Park Public Art Opportunity What themes or symbolsFriendly Fridley do you feel representMeandering Waters representing the changes of time that Fridley or Fridley'skeep Fridley a vital city and a good place to live. Moore Lake community spirit?for its grounding, calm and steady influence. Are there particular natural Mississippi River, Rice Creek, Springbrook Creek, Glen Creek. elements or local culture The water of Moore Lake. you would like to see reflected in the sculpture? If you could see one feeling or idea brought to life in theA friendly community embraced by beautiful waters. sculpture, what would it be? You can edit this submission and view all your submissions easily. 262 Jufn!8/ From:Jotform To:Maher, Mike; Quiram, Jesslyn Subject:Re: Commons Park Public Art Opportunity Date:Tuesday, September 23, 2025 11:32:14 PM Commons Park Public Art Opportunity What themes or symbolsDiversity. Tigers. Families. do you feel represent Fridley or Fridley's community spirit? If you could see one feeling or idea brought to life in theInclusion sculpture, what would it be? You can edit this submission and view all your submissions easily. 263 Jufn!8/ From:Jotform To:Maher, Mike; Quiram, Jesslyn Subject:Re: Commons Park Public Art Opportunity Date:Tuesday, September 23, 2025 10:48:09 PM Commons Park Public Art Opportunity What themes or symbolsPublic art is not a valuable use of my tax dollars. Public art do you feel representshould be a donation from a local artist. Fridley or Fridley's community spirit? Are there particular natural No. I would like you to not spend my tax dollars on art when elements or local culture we can’t fully fund raises and equipment for for our police you would like to see officers and firefighters. reflected in the sculpture? If you could see one feeling Imaginary. Non-existent and free. This is not a necessary or idea brought to life in the expense and an irresponsible use of our tax dollars. sculpture, what would it be? You can edit this submission and view all your submissions easily. 264 Jufn!8/ From:Jotform To:Maher, Mike; Quiram, Jesslyn Subject:Re: Commons Park Public Art Opportunity Date:Tuesday, September 23, 2025 10:31:17 PM Commons Park Public Art Opportunity If you could see one feeling or idea brought to The diversity of our community. life in the sculpture, what would it be? You can edit this submission and view all your submissions easily. 265 Jufn!8/ From:Jotform To:Maher, Mike; Quiram, Jesslyn Subject:Re: Commons Park Public Art Opportunity Date:Tuesday, September 23, 2025 10:02:31 PM Commons Park Public Art Opportunity What themes or symbolsWater because of Moore lake, the river and rice creek. Sand, do you feel representthe soil is very sandy here and much of the area near Moore Fridley or Fridley'slake was once sand dunes. Weather is also an iconic thing in community spirit?Fridley, there was a couple large tornados (one near commons park) that could be a neat theme. Are there particular natural elements or local culture I’d love for the art to be done by a local artist. you would like to see reflected in the sculpture? If you could see one feeling or idea brought to life in theCommunity sculpture, what would it be? You can edit this submission and view all your submissions easily. 266 Jufn!8/ From:Jotform To:Maher, Mike; Quiram, Jesslyn Subject:Re: Commons Park Public Art Opportunity Date:Tuesday, September 23, 2025 7:23:26 PM Commons Park Public Art Opportunity What themes or symbolsWater fowl do you feel representWetland animals Fridley or Fridley'sPrairie plants community spirit?Diversity Are there particular natural elements or local cultureAnything that reflects our lakes, rivers and creeks I think would you would like to seebe very fitting! reflected in the sculpture? If you could see one feeling or idea brought to life in theTogetherness, working together, community sculpture, what would it be? You can edit this submission and view all your submissions easily. 267 Jufn!9/ AGENDA REPORT Meeting Date:December 22, 2025 Meeting Type:City Council Submitted By:Joe Starks, Finance Director/City Treasurer Title Resolution No. 2025-169, Certifying the Final Tax Levy Requirements for 2026to the County of Anoka Background On September 22, 2025, the City Council (Council), pursuant to the City Charter and Minnesota Statutes § 275.065, certified the Proposed 2026Property Tax Levy (Proposed Levy) to the County Auditor (Resolution No. 2025-114). Using the Proposed Levy, the County Auditor mailed parcelspecific notices of proposed property taxes to all property owners for the upcoming year, along with the time and location for the annual TruthinTaxation (TNT) Hearing for the City of Fridley (City). On December 8, 2025, the Council conducted the TNT Hearing for taxes payable in 2026. Pursuant to Minnesota Statutes § 275.07, the Council must also certify a Final Property Tax Levy (Final Levy) to the county auditor on or before December 26, 2025(five working days after December 20 of each year). As outlined below, the property tax levy supports four separate budget areas. Based on the discussions to date, staff recommend the Council adopt the attached resolution certifying a Final Levy of $22,960,400, or an overall increase of approximately 5.92% or $1,282,805compared to the previous year. Since the change in the property tax levy for the General Fundexceeds5%, the Fridley least four members of the Co Financial Impact Staff estimate that City property taxes for a residential homestead, with a median assessed value of $296,400for 2026(compared to approximately $288,900for 2025), mayincreaseby approximately $139, from about $1,241for 2025to about$1,380for 2026. These projections are based on property tax information received by Anoka County to use for the Truth-in-Taxation public hearing. Vision Statement We believe Fridley will be a safe, vibrant, friendly and stablehome for families and businesses. 268 Jufn!9/ Recommendation Staff recommend the approval of Resolution No. 2025-169, Certifying the Final Tax Levy Requirements for 2025 to the County of Anoka. Focus on Fridley Strategic Alignment Vibrant Neighborhoods & Places Community Identity & Relationship Building X Financial Stability & Commercial Prosperity Public Safety & Environmental Stewardship X Organizational Excellence Attachments and Other Resources !Resolution No. 2025-169 Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 269 Jufn!9/ Resolution No. 2025-169 Certifying the Final Tax Levy Requirements for 2026 to the County of Anoka Whereas, the Fridley City Charter § 7.02 grants the City of Fridley (City) the power to raise money by taxation pursuant to the laws of the State of Minnesota; and Whereas, Minnesota Statute § 275.07, subd. 1 requires the City to certify its final tax levy requirements to Anoka County on or before December 26, 2025 (five working days after December 20) in each year; and Whereas, the City has adequate fund balances and reserves to pay bond principal and interest payments on General Obligation Bond Series 2017A in the amount of $151,331 and authorizes the County Auditor to cancel $151,331 of the related Bond Levy for taxes payable in 2026, leaving a balance of $3,027,400 for taxes payable 2026 for Series 2017A; and Whereas, the City has adequate fund balances and reserves to pay bond principal and interest payments on General Obligation Bond Series 2022A in the amount of $96,710 and authorizes the County Auditor to cancel $96,710 of the related Bond Levy for taxes payable in 2026, leaving a balance of $1,934,200 for taxes payable 2026 for Series 2022A. Now therefore, be it resolved, that the City Council of the City of Fridley hereby certifies to the County of Anoka, State of Minnesota, the following final tax levy to be levied in 2025 for collection in the year 2026: Final 2026 Property Tax Levy Levy Component Amount General Fund $ 17,304,600 Information Technology Capital Projects Fund 89,700 Springbrook Nature Center Fund 604,500 Bonded Indebtedness (2017A & 2022A) 4,961,600 Total $ 22,960,400 Be it further resolved, that the City Council authorizes the City Manager, or their designee, to transmit a certified copy of this resolution to the County of Anoka, Minnesota. nd Passed and adopted by the City Council of the City of Fridley this 22 day of December, 2025. _______________________________________ Dave Ostwald Mayor Attest: __________________________________ Melissa Moore City Clerk 26: Jufn!:/ AGENDA REPORT Meeting Date:December 22, 2025 Meeting Type:City Council Submitted By:Joe Starks, Finance Director/City Treasurer Title Resolution No. 2025-170, Approving a Budget for the Fiscal Year 2026and the 2026-2030Capital Investment Program Background Pursuant to the FridleyCity Charter §§7.04-7.05, the Fridley City Council (Council) shall adopt an annual budget for the General and Special Revenue Funds as well as all funds as identified by the City Manager. Generally, these sections also control the format and adoption process for the budget. On September 22, 2025, the Council adopted the Proposed 2026General FundBudget consistent with these requirements (Resolution No. 2025-114). Additionally, the Council conducted several budget meetings throughout the year. On December8, 2025, the Council, conducted the required TruthinTaxation (TNT) Meeting, which allowed members of the public to discuss the Proposed 2026Budget, Proposed 20262030Capital Investment Program (CIP) and Proposed 2026Property Tax Levy in advance of final adoption. There were no suggestions or changes as a result of the TNT Meeting. The Proposed 2026Budget maintains service levels as determined by the Council. The expenditures of the Proposed 2026Budget total $76,084,100, supported by $61,172,700of revenues. Due to this difference, the City will make use of cash and fund balances to support planned capital expenditures. Financial Impact Based on the 2026budget for all City funds, a planned, negative variance of $14,911,400across all budgeted funds is reflected. To support these costs, the City plans to make use of a variety of internal funding sources, including but not limited to the use of $6,801,000from various capital project funds, namely $4,554,600from the Parks Capital Projects Fundfrom bond proceeds received in 2022for the Park System Improvement Plan, as well as $7,890,100 from enterprise funds for capital outlay projects. Recommendation Staff recommend the approval of Resolution No. 2025-170, Approving a Budget for the Fiscal Year 2026and the 2026-2030Capital Investment Program. Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 271 Jufn!:/ Focus on Fridley Strategic Alignment Vibrant Neighborhoods & Places Community Identity & Relationship Building X Financial Stability & Commercial Prosperity Public Safety & Environmental Stewardship X Organizational Excellence Attachments and Other Resources !Resolution No. 2025-170 !Proposed 2026 Budget !Proposed 2026-2030 CIP Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 272 Jufn!:/ Resolution No. 2025-170 Approving a Budget for the Fiscal Year 2026 and the 2026-2030 Capital Investment Program Whereas, the City Manager presented a Proposed 2026 Budget and Proposed 2026-2030 Capital Investment Program as stipulated by the Fridley City Charter (Charter) § 7.04 to the Fridley City Council (Council) for their review and consideration; and Whereas, the Proposed 2026 Budget and its associated volumes and appendices provide for an effective and orderly allocation of financial resources; and Whereas, on December 8, 2025, consistent with the Charter § 7.05, the Council held a public meeting to give interested citizens a reasonable amount of time in which to be heard, and an opportunity to ask questions prior to passage of the final budget; and Whereas, the Council concluded that the 2026 Budget, as proposed, meets the needs of the City and the requirements of the Charter. Now therefore, be it resolved that the City Council of the City of Fridley hereby approves and adopts the 2026 Budget, and 2026-2030 Capital Investment Program as presented. nd Passed and adopted by the City Council of the City of Fridley this 22 day of December, 2025. _______________________________________ Dave Ostwald Mayor Attest: __________________________________ Melissa Moore City Clerk 273 Jufn!:/ 20 Budget 274 Jufn!:/ This page was intentionallyleft blank. 275 Jufn!:/ TABLE OF CONTENTS TABLE OF CONTENTS....................................................................................................................................................3 CITY MANAGER BUDGET MESSAGE.........................................................................................................................6 BUDGET ORGANIZATION............................................................................................................................................7 Budget Structure.........................................................................................................................................................7 BUDGET AUTHORITY.....................................................................................................................................................9 Elected Officials...........................................................................................................................................................9 Appointed Officials....................................................................................................................................................9 Department Directors...............................................................................................................................................9 INTRODUCTION AND BUDGET SUMMARY........................................................................................................11 Introduction...............................................................................................................................................................12 Vision Statement and Organizational Values...............................................................................................12 Focus of Fridley........................................................................................................................................................12 Budget Goals and Objectives..............................................................................................................................12 Budget Challenges and Issues, Short–Term..................................................................................................13 Inflationary Pressures.............................................................................................................................................13 Park System Improvement Plan.........................................................................................................................14 Budget Challenges and Issues, Long–Term...................................................................................................15 Park System Improvement Plan.........................................................................................................................15 Budget–at–a–Glance...............................................................................................................................................17 ORGANIZATION AND BUDGET OVERVIEW........................................................................................................22 Brief History of the City of Fridley.....................................................................................................................23 Land Use and Development History................................................................................................................23 Demographic and Economic Trends................................................................................................................24 Organizational Governance and Structure....................................................................................................27 Financial Policies and Procedures.....................................................................................................................32 Budget Assumptions and Considerations......................................................................................................37 Property Tax...............................................................................................................................................................38 Debt Service...............................................................................................................................................................41 GENERAL FUND.............................................................................................................................................................43 General Fund Summary.........................................................................................................................................44 Department: City Management Summary....................................................................................................49 276 Jufn!:/ Division: City Management (City Manager’s Office) (121) ...................................................................... 54 Division: Employee Resources (126) ................................................................................................................ 56 Division: Communications and Engagement (127) ................................................................................... 57 Division: City Clerk/Records Management (City Clerk’s Office) (128) ................................................ 58 Division: Elections (129) ....................................................................................................................................... 59 Division: Non–Departmental (141) .................................................................................................................. 60 Department: Finance Summary ........................................................................................................................ 61 Division: Accounting (131) .................................................................................................................................. 63 Division: Assessing (City Assessor’s Office) (132) ....................................................................................... 64 Division: Information Technology (133)......................................................................................................... 65 Department: Public Safety Summary .............................................................................................................. 66 Division: Police (211) ............................................................................................................................................. 69 Division: Emergency Management (215)....................................................................................................... 70 Division: Fire (219) .................................................................................................................................................. 71 Department: Public Works Summary .............................................................................................................. 72 Division: Facilities Management (311) ............................................................................................................ 75 Division: Engineering (314) ................................................................................................................................. 76 Division: Forestry (315) ......................................................................................................................................... 77 Division: Park Maintenance (316) ..................................................................................................................... 78 Division: Street Lighting (317) ........................................................................................................................... 79 Division: Street Maintenance (318) .................................................................................................................. 80 Division: Fleet Services (319) .............................................................................................................................. 81 Department: Parks & Recreation ...................................................................................................................... 82 Division: Parks & Recreation (410) ................................................................................................................... 83 Department: Community Development ........................................................................................................ 84 Division: Building Inspections (511) ................................................................................................................ 87 Division: Planning (512) ....................................................................................................................................... 88 Division: Rental Inspections (514) .................................................................................................................... 89 SPECIAL REVENUE FUNDS ......................................................................................................................................... 90 Fund: Cable Television (225) .............................................................................................................................. 91 Fund: Solid Waste Abatement (237) ............................................................................................................... 92 Fund: Police Activity (260) ................................................................................................................................... 93 Fund: Springbrook Nature (270) ....................................................................................................................... 94 277 Jufn!:/ CAPITAL PROJECT FUNDS ......................................................................................................................................... 95 Fund: Building Capital Projects (405) .............................................................................................................. 96 Fund: Streets Capital Projects (406)................................................................................................................. 97 Fund: Parks Capital Projects (407) .................................................................................................................... 98 Fund: Information Technology Capital Projects (409) .............................................................................. 99 Fund: Equipment Capital Projects Fund (410) ........................................................................................... 100 ENTERPRISE FUNDS .................................................................................................................................................. 101 Fund: Water Utility Fund .................................................................................................................................... 102 Fund: Sanitary Sewer Utility Fund .................................................................................................................. 105 Fund: Storm Water Utility Fund ...................................................................................................................... 108 Fund: Municipal Liquor ...................................................................................................................................... 111 GLOSSARY ..................................................................................................................................................................... 115 2026 Detailed budget reports…………………………………………………………………………………………………… 119 2026 Summary CIP……..……….…………………………………………………………………………………………………… 192 Financial Management Policy Manual……………………………………………………………………………………… 193 278 Jufn!:/ CITY MANAGER BUDGET MESSAGE 12/22/2025 Dear Fridley Community, The City’s 2026 Budget continues to represent a spending plan based on the City Council Vision Statement: We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. To fulfill this vision, and through months of planning by City staff and many hours of discussion and review by the City Council, I am pleased to present the attached 2026 Budget. Next year, the City will continue its commitment to improving the quality of life through investments in parks, infrastructure, equipment and people. With the intention of delivering high value for taxes paid, some of the City’s priorities for 2026 include: continued major investment in Commons Park, updates to Flanery and Summit Square parks, updates to the City’s street, water, sewer and stormwater system to assure reliable infrastructureand continued investment in personnel development focusing on retention and training. Costs associated with personnel continue to make up the single largest expense within the 2026 Budget. For the General Fund, which is primarily funded through property taxes, personnel costs will increase by 6.1% in 2026. Impacting the increase are labor contracts for the City’s four Public Safety labor agreements, planned progression through the City’s compensation plan for union and non-union personnel, 2 elections in 2026 (0 in 2025), addition of an embedded social worker previously fully offset by a federal grant, 2 new school resource officers fully reimbursed by Fridley Public Schools, the addition of the Fire Intern Program (previously fully offset by grant funds), additional Park & Recreation staffing and additional Public Works/Facilities staffing. Another impact to this year’s budget and levy is the reduction of local government aid (LGA) which is revenue the City receives from the State of Minnesota. It was reduced approximately $302,500 and the levy was increased to make up for a portion of the loss of aid. The impact of the City’s portion of the overall property tax levy is about $3.78/day to the median value home. The amount represents a $139 annual increase from last year. Over 1/3 of the increase, or approximately $51, is due to a tax base/burden shift from Commercial/Industrial and Multifamily to Residential, largely due to a decrease in net tax capacity due to value changes and settled tax court petitions. Respectfully submitted, Walter T. Wysopal City Manager 279 Jufn!:/ BUDGET ORGANIZATION Budget Structure The2026 Budget for the City contains the following volumesand supplemental budget documents and/or appendices. Figure No.1: Budget Structure and Volumes Volume TitleDescription No. IBudget Overview and A summary of the overall budget containing a brief history Summaryof the organization, demographic and economic trends, organizational structure, budget summaries, major budget assumptions and factors, and analysis and discussion of budget decisionsalong with a review of fund balances and debt service. The summary also includes discussion of common budget terms and information about any underlying assumptionsas appendices, if needed. IIBudget Detail and A detailed reviewof all budgetedrevenues and expenditures, Financial Reportsincluding personnel, materials and supplies. The volume represents the adopted budget for the purposes of budget authority and compliance. IIICapital Investment A summary and detailed review of the various capital Program (CIP) budgets and funds of the City including individual project analysis, debt serviceand other considerations. Thisvolume represents the adopted budget for the purposes of budget authority and compliance for all capital project funds. Due to its length, the City compiles the Final2025–2029 CIP as a separate document. OtherFinancial Each volume and/or section of this budget isadopted in Management Policiescompliance with the various financial management policies as adopted by the City Council. For more information on these policies, please contact the Finance Department. 27: Jufn!:/ 281 Jufn!:/ BUDGET AUTHORITY The Budget for the City of Fridley, Minnesota (City, Fridley) for the Fiscal Year beginning January 1, 2026,and ending December 31, 2026. Pursuant to Section 7.04 and 7.05, and other applicable chapters or sections of the City Charter, this document and its associated volumes and appendices shall be considered the estimates as prepared by the City Manager and the complete financial plan for the City for the ensuing fiscal year. This document contains the sums to be raised and from what sources, and the sums to be spent and for what purposes. For the purposes of compliance, these documents, assembled in three volumes, shall be the Proposed 2026Budget. With the support of the City Manager and other staff, the City Council reviewedthis budget on April 28, July 28, August 25, September 8, September 22, October 13, October 27, November 24, and December 8, 2025. The City Council and other applicable officials involved in the development of this budget are listed below. Elected Officials 4 Year Terms Expiring December MayorDavid Ostwald2028 Councilmember At–LargePatrick Vescio2028 Councilmember, Ward No. 1Luke Cardona2026 Councilmember, Ward No. 2Ryan Evanson2026 Councilmember, Ward No. 3Ann R. Bolkcom 2026 Appointed Officials City ManagerWalter T. Wysopal City Attorney, Civil AffairsSarah J.Sonsalla City Attorney, Criminal AffairsCity of Coon Rapids Assistant City Manager/City ClerkMelissa M. Moore Department Directors Director of Community DevelopmentPaul Bolin Director of Parks and RecreationMichael W. Maher Director of Employee ResourcesRebecca A. Hellegers Director of Finance and City TreasurerJoseph A. Starks Director of Public Safetyand Chief of PoliceRyan N. George Director of Public Worksand City EngineerJames P. Kosluchar 282 Jufn!:/ Volume No. 1 Budget Overview and Summary 283 Jufn!:/ INTRODUCTION ANDBUDGET SUMMARY This section of the 2026Budget provides information regarding the following budget areas or topics: Introduction; Budget goals and objectives; Budget challenges and issues; and Budget–at–a–Glance. The remainder of this page intentionally left blank. 284 Jufn!:/ Introduction The City of Fridley (City) seeks to provide its residents, businesses and their visitors with a remarkable community. As part of this commitment, the City Council and City Manager strive to provide an organization that meets the expectations and needs of the community through a thoughtful and fiscally responsible annual budget. In order to guide and inform the development of the annual budget, the City relies upon a series of guiding principles and documents, principally the Vision Statement, Organizational Values and the strategic plan, known as Focus on Fridley. Vision Statement and Organizational Values. In 2015, the City Council adopted the following Vision Statement to generally guide the operations, programs and projects of the City. The City Council reaffirmed this Vision Statement in 2019: We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. The City Council also established three primary Organizational Values to guide the behaviors and culture of the organization. In all things, the City shall be: Friendly, Responsive and Driven. These values are always at the center of any discussion about changes in the budget. In fact, any major budget adjustment or request submitted by the City Manager identifies the Organizational Value(s) enhanced by the change. Focus of Fridley. More specifically, in 2019, the City Council, through two strategic planning workshops, discussed their ideas and thoughts for the City over the next several years. Using these discussions, the City Council eventually compiled a strategic plan, known as Focus on Fridley. Along with several specific projects, the City Council identified five strategic goals or “focus areas” to guide other City initiatives and programs. In no particular order, these Focus Areas are: Community Identity and Relationship Building; Public Safety and Environmental Stewardship; Vibrant Neighborhoods and Places; Financial Stability and Commercial Prosperity; and Organizational Excellence. These Focus Areas provide guidance throughout the development of the budget and serve as direction for daily activities and expenditures of the organization. Based on previous practices, the City Council conducted another strategic planning exercise in 2025, which has a similar impact on the budget development process. Budget Goals and Objectives Like other local governments, and consistent with the Guiding Principles outlined above, the City Council continues its effort to provide excellent public services at a fiscally responsible cost to the property tax– and utility rate payers. Under these general goals and objectives, the City Council relies upon a series of specific guidelines to inform the development of the annual budget: 285 Jufn!:/ To fund excellent public services at a fiscally responsible cost To stabilize ongoing revenues and expenditures, and minimize/eliminate unanticipated variances; To maintain structural balance and appropriate cash and fund balance levels; To make the best use of existing City resources; To set the levy in conjunction with long-term planning; To increase accountability and transparency throughout the budget process; and To ensure a conservative budgetary approach. In addition to these activities, the City also strives to improve the financial awareness and literacy of both internal staff and external stakeholders. As such, the City conducts monthly internal meetings to review key financial data and changes in applicable fiscal policies. Additionally, the City conducts or plans to conduct several community events to improve the understanding of the public with respect to City services and to provide an important avenue for the public to express their critiques, ideas and thoughts regarding City operations, projects and ultimately the budget. Budget Challenges and Issues, Short–Term Along with the goals and objectives, the City also actively acknowledges and seeks to address various challenges and issues concerning the financial health of the organization. The City further acknowledges that some of these issues may be beyond its exclusive control. However, the City Council works diligently to limit these and other risks for the City and its stakeholders. Personnel Services. The biggest impact on the 2026 Budget and Levy is personnel services as it encompasses about 78% of the total General Fund expenditures. In the General Fund alone, personnel services expenditures increase about $1,169,600, or 6.1%, largely due to approved Public Safety labor agreements, proposed progression through the City’s compensation plan for union and non-union employees, the creation of an additional step on the City’s compensation scale, personnel for 2 elections (0 in 2025), the addition of an embedded social worker (currently grant funded an contracted out; not grant funded in 2026), 2 new School Resource Officers (SROs), additional Park & Recreation staffing and additional Public Works/Facilities staffing. Inflationary Pressures. Multi-decade high inflation continues to have an impact on the City. The September 2025 inflation rate has generally slowed to 3.0% from a multi-decade high of 9.1% in June 2022. The Federal Reserve has begun decreasing the Federal Funds Rate from a target of 4.50 to 4.75% at this time last year to a current target of 3.75 to 4.00%, with further decreases possible. The impact from inflationary pressures is factored in the 2026 Budget. 286 Jufn!:/ Park System Improvement Plan. In 2022, the City issued $20.7 million in General Obligation Tax Abatement Bonds as a means for financing a majority of the $30 mil. Park System Improvement Plan (PSIP), with the remaining amount being funded from internal City funds, specifically the Community Investment Fund. The project is estimated to span approximately 8 years. Debt service payments for the bonds were levied beginning in 2023 and will be repaid over 15 years. There was a significant amount of capital expenditures in the Parks Capital Fund beginning in 2023 and continuing for the next several years as the PSIP progresses. For 2026, there is about $6,204,000 in capital expenditures budgeted for the PSIP. Additional information related to the Park System Improvement Plan can be found at: Park System Improvement Plan - City of Fridley. State Aids and Grants. The State of Minnesota (State) provides the City with various financial aids to defray the costs of certain activities and programs, including, but not limited to Local Government Aid (LGA), Municipal State Aid (MSA) and Police State Aid. These various funding sources tend to fluctuate based on the financial health of the State and political will of elected State officials. To protect the City and its operations from this volatility, the City has limited the reliance on these types of aid for General Fund revenues and allocates roughly 60% to capital project funds. Similar to the Adopted 2025 Budget, the 2026 Budget appropriates approximately 11% of these funding sources, including about 3% from LGA, to the General Fund, satisfying the desire of the City Council. For 2026, total LGA was reduced by approximately $302,000 and while the levy was increased to account for a portion of the reduction, it was mitigated by the City limiting its reliance on it. Economic Health. In addition to thoughtfully budgeting State funding sources, the City also actively monitors the statuses of the local, regional, national and international economies. The City remains home to several national and international corporations. In fact, as of assessment year 2025, taxes payable year 2026, commercial and industrial uses account for almost 47% of the property tax base. As such, any downturn in the economy, particularly the manufacturing sector, will have an impact on the City. The City continues efforts to diversify its property tax base through several redevelopment efforts, most notably through the addition of single– and multi–family housing. In fact, between 2016 and 2022, the City added approximately 1,046 units of housing. The 2026 Budget assumes a period of conservatively modest economic growth while keeping in mind the impacts of inflation and corresponding policy action. As mentioned, inflation has generally slowed, albeit much more prolonged, making the possibility of further federal funds rate decreases a possibility. While federal funds rate decreases can stimulate economic growth, they can have a negative impact on City revenues with lower investment rate earnings. Conservative revenue projections are included in this proposal to align with conservative growth projections of the economy. 287 Jufn!:/ Budget Challenges and Issues, Long–Term Apart from these short–term considerations, the City must also weigh several long– or longer–term issues and/or goals against the immediate needs of the organization and/or community. Generally, the 2026 Budget successfully balanced these needs and provided an opportunity for the City to either address or move toward addressing these challenges. Park System Improvement Plan. As mentioned above, in 2022, the City issued $20.7 million in General Obligation Tax Abatement Bonds as a means for financing a majority of the $30 mil. Park System Improvement Plan (PSIP), with the remaining amount being funded from internal City funds, specifically the Community Investment Fund. The project is estimated to span approximately 8 years. Debt service payments for the bonds were levied beginning in 2023 and repaid over 15 years. There will continue to be a significant amount of capital expenditures in the Parks Capital Fund which began in 2023 and will continue for many years as the PSIP progresses. Additional information related to the Park System Improvement Plan can be found at https://www.ci.fridley.mn.us/1412/Park-System- Improvement-Plan Demands for Service. As the population of the City continues to increase and become more diverse, the City will experience new and greater demands for programs and services. For example, an increasing population will result in a need for more public safety personnel and equipment, and place greater stress on City infrastructure. Understanding these dynamics will be key for ensuring the appropriate use of City resources. To address this challenge, the City continues to explore various strategies and programs, such as the formation of a continuous improvement effort, known as the Project Management Team, to eliminate waste and improve the efficiency of City services. More specifically, the City constructed a new Fridley Civic Campus, which opened in 2018, to provide the organization with facilities to respond to the increasing demand for City services. Organizational Competitiveness. Like any local government or private business, the City strives to maintain its competitiveness with surrounding communities within a variety of areas, such as local amenities, quality of services, property tax rates and public utility rates. The City regularly reviews the activities and costs–of–living of area municipalities to ensure a strong return on investment for residents and businesses. In addition to these efforts, the City Council and City Manager work diligently to make the City an excellent place to work with competitive pay and benefits to both attract and retain a talented workforce. Additionally, in 2021 and 2022, the City reviewed the Compensation Plan with the assistance of an external consultant. The review included a benchmark market analysis and Compensation Plan design adjustments. The plan was implemented in 2022 with 2022 budget authority. The City will continue to be thoughtful in supporting both competitive wages and property taxes through the thoughtful reallocation of existing financial resources. 288 Jufn!:/ The remainder of this page was intentionally left blank. 289 Jufn!:/ Budget–at–a–Glance The 2026 Budget authorizes up to $76,084100 of expenditures for all budgeted funds, a decrease of about $504,200, or less than 1.0% compared to the previous year. Generally, this change reflects a series of budget adjustments among the various budget categories, most notably a decrease in capital project expenditures for 2026. The 2026 Budget supports these expenditures with $61,172,700 of revenues across all budgeted funds, a decrease of about $1,113,400, or about 1.8% compared to the previous year. Figure No. 2: Revenues and Expenditures Summary, All Budgeted Funds $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $- ActualBudgetBudget 202420252026 ExpendituresRevenues 28: Jufn!:/ Based on these changes, the 2026Budget reflects a planned, negative variance of $14,911,400across all budgeted funds. To support these costs, the City plans to make use of a variety of internal funding sources, including but not limited to: $6,801,000of fund balance from various Capital Project Funds(mainly due to projects using thefund balance related to bond proceeds received in 2022 for the Park System Improvement Plan); About $7,890,100of fund balance from various Enterprise Funds(for capital outlay projects) Generally, these uses of fund balance support capital projects as outlined in the 2026–2030Capital Investment Program (CIP). The City typically plans for these capital projects over a series of years, often accruing fund balances specifically to support theirextraordinary costs. The City may also support these projects through the use of debt or interfund loans. Simply put, the City planned to use its “savings” for these needs. The table on the previous page outlines the various funding sources and expenditure areas for all budgeted funds. 291 Jufn!:/ Governmental Funds and Enterprise Funds. The City maintains two primary sets of funds: 1) governmental funds; and 2) proprietary funds. Governmental funds account for typical government programs and tax–supported operations. For the 2026 Budget, governmental funds comprise approximately 60.6% and 57.9% of all budgeted revenues and expenditures, respectively. In total, the 2026 Budget authorizes governmental fund revenues totaling $37,046,200 and expenditures totaling $44,067,500, or an increase of 3.6% and a decrease of 3.6%, respectively, compared to 2025. The table on the next page outlines government fund activities between 2024 and the 2028 forecasted year. In total, the 2026 Budget anticipates a $5,759,300 use of fund balance in governmental funds. Generally, the use of fund balance may be attributed to the use of $7,021,300 from various capital project funds, namely $4,554,600 from the Parks Capital Projects Fund. This is the usage of bond proceeds received in 2022 to pay for costs associated with the approved Park System Improvement Plan (PSIP). These uses of fund balance are the result of long–planned capital projects, as well as bond proceeds received in 2022, and consistent with previous City practices regarding the financing of capital projects. It is important to note that governmental funds include the General, Special Revenue and Capital Projects Funds. Per the Government Accounting Standard Board, enterprise funds “are employed to report on activities financed primarily by revenues generated by the activities themselves, such as a municipal utility.” At present, the City maintains four such funds to support three public utilities and the municipal liquor enterprise. The table two pages down summarizes these funds between 2024 and the 2028 forecasted year. For the 2026 Budget, Enterprise funds comprise approximately 39.4% and 42.1% of all budgeted revenues and expenses, respectively. In total, the 2026 Budget authorizes Enterprise fund revenues totaling $24,126,500, or a decrease of about 2,389,00 or 9.0%. Expenses total $32,016,600, or an increase of about $1,125,200 or 3.6%, compared to 2025. The changes in expenses are the result of an increase in capital outlay of planned in 2026, with the Locke Park Granular Activated Carbon upgrade project a large one, for which the City received low interest financing and 50% loan forgiveness (grant). The decrease in revenue is largely related to a reduction in intergovernmental aid as the City received a state grant for the Sylvan Hills Stormwater Project in 2025, as well as a reduction in liquor store revenue due to a continued reduction in sales coming down from historic levels during the pandemic. 292 Jufn!:/ 293 Jufn!:/ 294 Jufn!:/ ORGANIZATION AND BUDGET OVERVIEW This section of the 2026Budget provides information regarding the following budget areas or topics: Brief history; Land use information; Demographic and economic trends; Organizational governance and structure; Financial policies and procedures;and Budget assumptions and considerations; Property tax levy analysis; and Debt service. The remainder of this page was intentionallyleft blank. 295 Jufn!:/ Brief History of the City of Fridley As with most urban areas, the City may trace its initial settlement to its proximity to the Mississippi River and its tributaries, principally Rice Creek. In fact, the original name for the community was Manomin, a variant on an Ojibwe word meaning “wild rice” or “wild river.” In the early years, traders used the Mississippi River to bring their goods to market. The fur trading route along the Mississippi River became known as the Red River Ox Cart Trail, which would later become a military road betweenPoint Douglas and Fort Ripley. The area that would become Fridley was a key ferry crossing of the Mississippi River establishedin 1854. In 1879, the area or township was renamed for one of its early settlers and land holders, Abram Fridley. The military road, now known as East River Road, developed into a center of commerce, particularly at the confluence of Rice Creek and the Mississippi River. In 1949, Fridley Township incorporated as a village, which the community now celebrates during its annual “49er Days” festival. In 1957, the Village of Fridley officially incorporated as a “home rule” municipalityandbecamethe fourteenth largest community in the State of Minnesota (State) by 1965, due in– part to rapid post–World War II expansion. In that same year, the City experienced two natural disasters –a significant flood of the Mississippi River and a series of tornadoes on May 6, 1965, which destroyed about one out of every four homes. Despite these events, the community rebuilt and continuesto growto this day. Figure No. 3: Fridley Map Land Use and Development History Apart from the access to water transportation, the City also enjoyed access to modern conveyances, most notably the St. Paul and Pacific Railroads –the forerunners of the Burlington Northern Santa Fe (BNSF) Railway Company. Additionally, the City maintained access to Minneapolis via two streetcar lines, which allowed people to commute to and from their places of employment. With the development of the interstate highway system, and the conversion of State Highway 100 into Interstate 694, the City enjoyedaccess to another significant transportation route. As such, other State, Anoka County (Anoka) and local routes developed around Interstate 694, including East River Road, State Trunk Highways 47 (University Avenue) and 65 (Central Avenue). 296 Jufn!:/ These roadways, combined with a major railway access and many public transportation options, make the City a transportation hub attracting considerable commercial and industrial development. The physical divisions created by these features create other development, infrastructure and planning challenges, which the City still addresses to this day and may be reflected in this budget. At present, the City covers a jurisdiction of approximately 11 square miles. Given the size of the community, and its status as a first–ring suburb, the Metropolitan Council, a regional planning agency, considers the City to be completely developed. Demographic and Economic Trends Following the expansion of transportation infrastructure, and the momentum built from the war–time economy, the City quickly converted from principally agricultural activities and uses to industrials ones. With the location of these significant centers of employment, the City attracted thousands of new residents and rapidly changed into a full–service, fully–developed community. Since 1970, its population has been at or near approximately 28,000 residents. Based on the 2020 Census, the City remains home to about 29,590 people. However, with a planned increase in density, the City projects the population to increase by about 9.8% to 32,500 by 2040. Figure No. 4: Historic and Projected Population 32,500 35,000 30,228 29,590 29,233 27,449 30,000 31,600 25,000 28,335 27,208 20,000 15,182 15,000 10,000 3,798 5,000 1,392 693 0 193019401950196019701980199020002010202020302040 297 Jufn!:/ Figure No. 5: Total Population by Age. Along with this projected increase, the City anticipates the age of the population to Age Group decrease on average in the immediate future. As of 2019 (the latest year of Census data readily Age Range 2010 2019 available), about 50% of the population remains below the age 35, while about 20% is above the Under 5 years 5.8% 6.8% age 60. Between 2017 and 2019, the Median Age for the City decreased from 36.9 years to 35.4 5 to 9 years 6.3% 6.6% years, respectively. As such, the average age of the population remains below the average for 10 to 14 years 7.2% 6.7% the State. Figure No. 5 outlines the age ranges of the community. 15 to 19 years 7.4% 4.2% 20 to 24 years 7.1% 6.7% Race. While the population of the City continues to decrease in average age, it also continues 25 to 29 years 6.1% 9.1% to become more ethnically and racially diverse. In fact, as of the 2000 Census, nearly 89% of the 30 to 34 years 4.9% 8.8% population identified as white or Caucasian, compared to about 69% in 2019. In that same time 35 to 39 years 8.2% 7.6% period, the fastest growing racial group was those identifying as Black or African American 40 to 44 years 7.5% 4.7% increasing from 3.4% of the population in 2000 to just over 16% in 2019. The City anticipates 45 to 49 years 7.9% 5.5% these trends to continue for the foreseeable future. Figure No. 6 provides a breakdown of the 50 to 54 years 6.8% 6.2% total population by race. 55 to 59 years 5.5% 7.4% Figure No. 6: Total Population by Race 60 to 64 years 5.3% 4.6% Race 2000 2010 2019 65 to 69 years 4.7% 4.6% White 88.7% 81.9% 68.8% 70 to 74 years 3.4% 3.7% Black or African American 3.4% 12.4% 16.3% 75 to 79 years 2.4% 3.1% 80 to 84 years 2.2% 2.2% American Indian/Alaska Native 0,8% 2.4% 1.6% 85 years and over 1.2% 1.5% Asian 3.0% 5.4% 5.6% Total Population 27,208 29,590* Some Other Race 1.2% 0.0% 3.8% Two or More Races 2.9% 3.0% 3.9% *Source: 2020 Census Data Total Population 27,449 27,208 29,590* Income. Generally, the City hosts a disproportionate number of commercial and manufacturing industries and their associated jobs. As a result, the City maintained a median household income of about $63,800 in 2019, which remains below the median household income for both the County and State. The community also maintains a poverty rate of approximately 9.6%, which compared negatively to the County (5.9%), but positively with the national trend (13.4%). 298 Jufn!:/ Despite being one of the geographically smaller communities in the area, the City hosts the greatest number of employees in the County and anticipatesthis trend to continue for the foreseeable future. In fact, the Metropolitan Council projects an increase in the number of employees and households likethosementioned above for population.Figure No. 7below details these long–term projections. Figure No. 7: Households and Employment, Projections 30,000 25,000 20,000 15,000 10,000 5,000 0 2010202020302040 HouseholdsEmployment Source: Thrive MSP 2040 -Forecasts as of January 1, 2021 These and other factors inform the development, review and adoption of the annual budget. Additionally, the City maintains aseries of community indicators and performance measurements, which capture and measure the happeningsof City operations and community trends. They are compiled as a separate Performance Measures Report adopted annually by the City Council. For more information on these performance measures, please see Volume 2of this document and/or visit the Citywebsite. 299 Jufn!:/ Organizational Governance and Structure Generally, the budget and/or policy development process involves the City Council, City Manager and the respective Advisory Commission, if applicable. The City Charter and Fridley City Code (City Code) outlines the expectations and responsibilities for each party. Along with these actors, the budget and policy development process also include the advice and insight of City staff and various external stakeholders, such as local civic organizations and interested government agencies (i.e., County, State). City Charter. Pursuant to Article XII of the Minnesota Constitution and Minnesota Statute § 410, the City operates as a charter or “home rule” municipality and may exercise any powers and authorities established by the City Charter, assuming the same do not conflict with State or Federal law. As such, the City Charter defines the structure of the City, and the framework under which it operates. The City Charter addresses the structure of the City Council; the powers and duties of the City Manager; development of the budget; the authority to establish taxes and fees; and the operation of public utilities, among other areas. Consistent with the abovementioned constitutional provisions and State law, the City Council also receives advice and guidance pertaining to the City Charter from a Charter Commission. The Charter Commission regularly reviews the City Charter and makes recommendations for amendments as may be required from time–to–time. The Charter Commission consists of 15 members and meets at least once per year. City Council. The City Charter creates a City Council–City Manager form of local government. Pursuant to City Charter § 2.01.2, “All discretionary powers of the City, both legislative and executive, shall vest in and be exercised by the City Council. It shall have complete control over the City administration but shall exercise this control exclusively through the City Manager and shall not itself attempt to perform any administrative duties.” It also establishes the City Council as a five–member, non–partisan body, including a Mayor and four Councilmembers. The Mayor serves as the presiding officer of the City Council, may vote as a full member of the body and does not enjoy any veto powers. Figure No. 8 summarizes the elected officials of the City and their respective offices and terms. Figure No. 8: Mayor and City Council Position Name Start of Term End of Term Mayor David Ostwald January 1, 2025 December 31, 2028 Councilmember, At–Large Patrick Vescio January 1, 2025 December 31, 2028 Councilmember, Ward No. 1 Luke Cardona January 1, 2019 December 31, 2026 Councilmember, Ward No. 2 Ryan Evanson January 1, 2019 December 31, 2026 Councilmember, Ward No. 3 Ann Bolkcom January 1, 2019 December 31, 2026 29: Jufn!:/ Consistent with the City Charter, the Mayor and the Councilmember–at–Large shall be elected in the same interval as the President of the United States of America to a term of four years. The other three Councilmembers shall be elected in the same interval as Governor of the State of Minnesota, also to a four–year term. The City Charter also controls for vacancies in the City Council and similar circumstances. City Manager. Pursuant to City Charter § 6.01, the City Manager serves as the Chief Administrative Officer of the City, shall be appointed by a simple majority of the City Council for an indefinite period in an at–will capacity. The City Manager need not be a resident of the City but must be a citizen of the United States of America. In 2013, the City Council appointed Walter T. Wysopal as City Manager. The City Charter, in a variety of chapters and sections, outlines various responsibilities and powers of the City Manager, including, but not limited to: To ensure the enforcement of all applicable laws, ordinances and resolutions of the City and City Council; To appoint and remove any and all City employees; To exercise control over all City affairs through the various departments and divisions of the City; To prepare the annual budget and supervise all contracts and purchases of the City; To keep the City Council advised of the financial condition of the City; and To recommend for adoption any such actions or measures for the welfare of the City and its residents, including the City budget. Advisory Commissions. In addition to the advice and insight of the City Manager and other staff, the City Council also relies upon several standing, advisory commissions and/or committees as it may establish by ordinance or other action. As of December 31, 2025, the City Council maintains the Advisory Commissions as outlined in Figure No. 9, which may be found on the next page. Each of the commissions meet on a regular basis and their members serve without compensation, except for the reimbursement of eligible expenses. 2:1 Jufn!:/ Figure No. 9: Advisory Commissions Commission Description Planning Commission The Planning Commission is responsible for community planning and development Seven Members of comprehensive goals and policies, including but not limited to land use, housing, Three–Year Term public services, human services, and other related community activities. It also makes recommendations on amendments to the zoning ordinance, special use permits, and subdivision requests. Environmental Quality and Energy Commission The EQEC advises the City Council on a broad range of environmental policies and (EQEC) programs and the management of environmental resources. It provides the City Seven Members Council with accurate information to assist in making and implementing sound Three–Year Term environmental policy in such areas as solid waste abatement programming, environmental education, waste reduction and water resource management. Parks and Recreation Commission The Parks and Recreation Commission provides for the comprehensive development Five Members of park facilities and recreational activities for the well–being of the City residents. It Three–Year Term recommends actions to enhance the park and recreation opportunities in Fridley and provides direction for related City goals and policies. The Committee is Advisory to the City Council and sees its mission as advising Council Public Arts Commission on matters of Public Art: …Dedicated to fostering a sense of belonging, sparking Seven Members Three–Year Term dialogue and inspiring innovation through the strategic integration of art into our urban fabric, enhancing the quality of life for all residents and visitors. Housing and Redevelopment Authority The HRA implements housing rehabilitation programs and redevelopment projects Five Members that create new housing opportunities to meet local housing needs. It also Five–Year Term administers programs that are designed to enlarge the tax base, create jobs and create vital, attractive businesses in blighted or underdeveloped areas of the City. It also administers any Tax Increment Financing (TIF) Districts established in the City. 2:2 Jufn!:/ Due to its activities and significant financial resources, the City recognizes the HRA as a component unit for accounting and budget purposes. As such, the HRA Board of Commissioners adopts a separate budget and property tax levy independent of the City budget, but subject to the authority of the City Council. Therefore, this budget document does not establish any budget authority, nor does it contain additional financial information, for the HRA or its associated activities and/or projects. However, it may from time–to–time address budget authority for cost–sharing arrangements between the City and the HRA. The remainder of this page was intentionally left blank. 2:3 Jufn!:/ Organizational Structure. Per the direction of the City Manager, and as ratified by the City Council as of September 26, 2019, the City maintains the organizational structure outlined in Figure No. 10. Figure No. 10: Organizational Structure 2:4 Jufn!:/ Financial Policies and Procedures Along with determining the manner of presentation for the budget, the City Charter also establishes the protocol for the passage and enforcement of the budget. Most notably, City Charter § 7.07 stipulates the process for amending a duly adopted annual budget, specifically “the \[City\] Council shall not have power to increase the amounts therein fixed in the budget resolution, whether by the insertion of new items or otherwise, beyond the estimated revenues, unless the actual receipts shall exceed such estimates, and in that event, not beyond such actual receipts. The \[City\] Council may at any time, by resolution passed by a vote of at least four (4) members of the \[City\] Council, reduce the sums appropriated for any purpose by the budget resolution or authorize the transfer of sums from the unexpended balances of the budget to other purposes.” The City Charter also makes provisions for emergency appropriations, which may not exceed more than 10% of the total budget for those funds as identified by the City Manager. In addition to applicable City Charter, State and Federal regulations, the City maintains a series of ordinances, policies and procedures that guide and underpin the budget development process, including, but not limited to: Capital Investment Program Policy; Community Investment Fund Policy; Debt Management Policy; Fund Balance Policy; Investment Policy; Operating Budget Policy; Public Purpose Expenditure Policy; Public Utilities Revenue and Remittance Policy; Revenue Policy; and Self–Insurance Fund Policy. In general, these policies and procedures are adopted as a single Financial Management Policy Manual (Manual). Due to its length, the manual is included in Volume 2 of this document. Budgeted Funds and Structure. Consistent with the City Charter § 7.04, the City Manager must prepare the annual budget estimates for all funds as identified by the City Manager as requiring annual budget estimates. Figure No. 9 identifies those funds with budget estimates as prepared at the direction of the City Manager. It also identifies the internal structure of those funds. 2:5 Jufn!:/ Figure No. 11: Budgeted Fund Structure City of Fridley Governmental FundsProprietary Funds General Capital Project FundsSpecial Revenue FundsEnterprise Funds Fund Solid Spring- BuildingStreet Parks Sanitary Storm Capital IT Capital Waste Police brook Water Municipal Equipment Capital Capital Capital Cable TVSewer Water ProjectsAbate-ActivityNature UtilityLiquor Projects ProjectsProjectsProjectsUtilityUtility mentCenter City Charter § 7.04 also stipulates the structure of the budget estimates and their presentation, including comparative figures for the current budget year and actual figures for the two preceding fiscal years by organizational unit. Additionally, the section requires the budget estimates to be expressed in their major subdivisions: salaries and wages; ordinary expenses (expenditures); and capital outlay. The budget estimates included in each of the volumes that comprise this budget document are designed to fulfill this requirement. Additionally, Figure No. 12 outlines the primary fund structure for the various departments and divisions as authorized by the City Council as of September 26, 2019. 2:6 Jufn!:/ Figure No. 12: Fund Structure by Department and Division Department/Division Primary Fund Department/Division Primary Fund Legislative Department Police Forfeiture Forfeiture City Council General Public Works Department City Management Department Facilities Management General City Management General Engineering General Legal General Street Lighting General Non-Departmental General Park Maintenance General Emergency Reserves General Street Maintenance General Communications and Engagement General Fleet Services General Elections General Building Capital Projects Building Capital City Clerk General Street Capital Projects Street Capital Cable Television Cable Television Parks Capital Projects Parks Capital Employee Resources Department Equipment Capital Projects Equipment Capital Employee Resources General Water Utility Operations Water Utility Community Services Department Sanitary Sewer Utility Operations Sanitary Sewer Utility Parks and Recreation General Storm Water Utility Operations Storm Water Utility Springbrook Nature Center (SNC) SNC Finance Department Community Development Department Accounting General Building Inspections General Assessing General Planning General Information Technology (IT) General Rental Inspections General IT Capital Projects IT Capital Projects Solid Waste Abatement Solid Waste Abatement Water Utility Administration Water Utility Public Safety Department Sanitary Sewer Utility Administration Sanitary Sewer Utility Police General Storm Water Utility Administration Storm Water Utility Emergency Management General Municipal Liquor Municipal Liquor Fire General Police Activity Police Activity 2:7 Jufn!:/ Basis of Accounting and Budgeting. Governmental funds are budgeted and accounted for using a current financial resources measurement focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Reported fund balance is considered a measure of “available spendable resources.” Governmental fund operating statements represent increases (i.e., revenues, other financing sources) and decreases (i.e., expenditures, other financing uses) in net current assets. Proprietary funds are budgeted and accounted for on a flow of economic resources measurement focus. This means that all assets, including fixed assets, and all liabilities, including long–term liabilities, associated with their activity are included on their balance sheets. Their reported fund equity is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases (i.e., revenues) and decreases (i.e., expenses) in net total assets. Proprietary funds are accounted for using the accrual basis of accounting. Revenues are recognized when earned, and expenses are recorded at the time the liabilities are incurred. Governmental and fiduciary funds are budgeted and accounted for using the modified accrual basis of accounting. Their revenues are recognized when susceptible to accrual (i.e., when they become measurable and available). “Measurable” means the amount of the transaction can be determined and “available” means collectible with the current period or soon enough thereafter to be used to pay liabilities of the current period. Major revenues that are susceptible to accrual include property taxes (excluding delinquent taxes received over 60 days after year–end), special assessments, intergovernmental revenues, charges for services, and interest on investments. Major revenues that are not susceptible to accrual include fees and miscellaneous revenues; such revenues are recorded only as received because they are not measurable until collected. Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred, except for principal and interest on general long–term debt, which is recognized when due. 2:8 Jufn!:/ Budget Development Process. To ensure appropriate analysis and review for the City Council and staff, the City adheres to the following budget development schedule. •Information Technology (IT) and CIP Request Forms Completed March •2026 Budget Outlook and Objectives Workshop with City Council •Annual Town Hall Meeting April •Review 2024 Audit and 2026-2030 Proposed CIP development by Finance •Release 2026 Budget Instructions and Request Forms to Departments June •Internal meetings with individual departments to review and refine budget requests July •Internal meetings with the City Manager to further review budget requests •Proposed 2026 General Fund and Preliminary Levy Reviewed with City Council Aug. •Proposed 2026 General Fund Budget, Property Tax Levy and Utility Rate and Budget Workshop with City Council •Preliminary 2026 Property Tax Levy adopted by City Council Sept. •Proposed 2026 Utility Rate and Budget Workshop with City Council •Proposed 2026 Utility Rates and Fees reviewed and adopted by the City Council Oct. •Continued internal meetings with the City Manager to further review budget requests •Proposed 2026 Budget, Final Tax Levy and Proposed 2026-2030 CIP Workshop with City Council Nov. •Truth-in-Taxation and Proposed 2026 Budget Public Hearing Conducted by City Council •Proposed 2026 Budget, Final 2026 Property Tax Levy and Proposed 2026-2030 CIP adopted by the City Council Dec. 2:9 Jufn!:/ Budget Assumptions and Considerations As part of the budget development process, the City makes a variety of assumptions regarding several factors or variables. Generally, these assumptions and other considerations include estimates or projections about compensation adjustments, economic conditions, inflationary pressures, insurance costs and non–property tax levy revenues, among other factors. Per the direction of the City Council, the City relies upon a conservative budget model. As a general rule, the City normally budgets for slightly less than anticipated revenues and slightly more than anticipated expenditures. The model tends to eliminate unanticipated budget variances and prevent budget “holes.” As such, the City makes limited modifications to external funding sources or revenues and alters anticipated expenditures using a three–year rolling average with adjustments based on specific needs identified by the City Council and/or City Manager. Figure No. 14 outlines a few of the assumptions used to form the annual budget. Figure No. 14: Major Budget Assumptions, Expenditures (Selected) Category Adjustment Comments Salaries/Wages (not including step movement) 4.0% For all City staff; per collective bargaining agreements. Health Insurance (not including open 0.0% Per current figures received from vendor. enrollment changes) Worker’s Compensation Insurance 0.0% In anticipation of renewal cost, received LMC budget guide. Property/Casualty Insurance 0.0% In anticipation of renewal cost, received LMC budget guide. MCES Sanitary Sewer Utility Charge 12.88% Based on amount received from Met Council. Along with these assumptions, the annual budget remains consistent with the previous actions of the City Council and/or City Manager. Specifically, it relies upon guidance from various plans, including, but not limited to, the 2040 Comprehensive Plan, Focus of Fridley Strategic Plan, Active Transportation Plan, Americans with Disabilities Act (ADA) Transition Plan, Pavement Management Plan, and the University Avenue and Trunk Highway 65 Corridor Development Study. In addition to these plans and studies, the City Council or City Manager may execute agreements and/or contracts that also inform budget development, such as collective bargaining agreements, fringe benefit contracts, property leases and software maintenance agreements. 2:: Jufn!:/ Figure No. 15, on the next page, outlines the various revenue assumptions for the 2026 Budget. Generally, these revenue assumptions reflect adjustment to previous estimates based on market conditions and information known as of this date. Figure No. 15: Major Budget Assumptions, Revenues (Selected) Category Adjustment Comments Property Taxes (proposed tax levy General 7.49% Proposed, certified tax levy for General Fund Fund) Licenses and Permits -8.54% Per trend and average redevelopment activity Intergovernmental 5.46% Primarily Local Affordable Housing Aid (transferred to HRA) Charges for Service 6.64% Primarily revenue from Fridley Public Schools for 2 new School Resource Officers (SROs), fully funded The 2026 Budget assumes a period of conservatively modest economic growth while keeping in mind the impacts of inflation and corresponding policy action. As mentioned, inflation has generally slowed, albeit much more prolonged, making the possibility of further federal funds rate decreases a possibility. While federal funds rate decreases can stimulate economic growth, they can have a negative impact on City revenues with lower investment rate earnings. Conservative revenue projections are included in this proposal to align with conservative growth projections of the economy. Property Tax In Minnesota, property tax administration typically occurs at the county–level of government with assistance from the Minnesota Department of Revenue. Although most counties provide property assessment services for their respective municipalities and townships, the City provides a local or City Assessor to determine the market value of every property within Fridley. The City opted for this model due to its considerable commercial/industrial property tax base. Per Minnesota Statute § 275.065, all home rule and statutory cities must certify a Property Tax Levy to their respective county auditor on or before five working days after December 20 in each year. For the City, the Property Tax Levy supports four separate budget areas: 1) General Fund; 2) Information Technology (IT) Capital Equipment Fund; 3) Springbrook Nature Center (SNC) Fund; and 4) various debt service funds. Process. Generally, the process for determining the property tax against any property begins with determining its estimated market value or the value of property as if it were sold in the open market under competitive circumstances. Per State law, the acceptable sales ratio of purchase price to assessed value must be 90% to 105%. 311 Jufn!:/ Along with assessed or market value, each parcel receives a property class. These property classes correspond to Class Rates, which affect the amount of property tax assessable against each type of property. For example, the Class Rate for commercial/industrial properties is 2.0%, whereas the class rate for residential homestead property is 1.0%. Applying the Class Rate to the estimated assessed or market value determines the tax capacity of the individual parcel, and the aggregate of all property within the community may be referred to as the Net Tax Capacity. To calculate the property tax for a particular property, the City and/or county must determine the Property Tax Rate, or the Property Tax Levy as determined by the City Council as a fixed amount of money, divided by the Net Tax Capacity. By multiplying the Property Tax Rate by Class Rate by the estimated assessed or market value, the City and/or county determine the actual property tax payable by a given parcel subject to property tax. Pursuant to Minnesota Statute § 272.02, certain uses, such as places of worship or institutions of public charity, may be exempt from property taxes. Additionally, State law also permits certain valuation exclusions for property tax purposes, most notably for residential homesteads. Along with this form of property taxation, the State also allows for market value property tax referenda, a property tax against the assessed or market value of a property based on a rate established by State law or a local referendum. In Fridley, the City determines the property tax levy for the Springbrook Nature Center in this manner. Therefore, in order to determine the property taxes payable in any given year for a parcel, the City and/or county needs to perform both calculations based on net tax capacity and market value referenda. In addition to these property tax calculations, the City remains subject to the Fiscal Disparities Program, or a property tax base sharing program among the seven– county metropolitan area concerning commercial/industrial properties. The Fiscal Disparities Program is quite complex and beyond the scope of this budget document. Analysis. After performing the various property tax calculations, the City may determine its Net Tax Capacity and other pertinent property tax information. Figure No. 16, on the next page, describes the Net Tax Capacity for Fridley. Unlike other municipalities, the property tax base for the City is disproportionately commercial/industrial. In Minnesota, the average municipality would be between 30% and 40% commercial/industrial, making the City somewhat more sensitive to certain shifts in the economy. The figure also shows the shifting in tax base for 2026, with Residential Homestead encompassing more of the total tax capacity and Commercial/Industrial and Residential Non- homestead (apartment, multi-family, etc.) encompassing less. 312 Jufn!:/ Net Tax Capacity by Classification –Payable 2025 Net Tax Capacity by Classification –Payable 2026 18% 1% 2% 32% 17% 35% Tax capacity decrease 48% 47% of 1.29% Residential Homestead Residential Homestead Commercial/Industrial Commercial/Industrial Railroad/Public Utility Railroad/Public Utility Residential, Non-Homestead Residential, Non-Homestead Property Taxes Payable for 2025Property Taxes Payable for 2026 Median Value Homestead: $288,900Median Value Homestead: $296,400 313 Jufn!:/ Based on this change, the estimated City property taxes for a residential homestead with amedianassessed value of $296,400 for 2026 (compared to approximately $288,900for 2025) will increaseby approximately $139, from about $1,241for 2025 to approximately $1,380 for 2026. Of the approximately $139 annual increase, over 1/3 or about $51 is related to the noted tax capacity/burden shift from Commercial/Industrial and Residential Non-homestead (apartment, multi-family, etc.) to Residential Homestead. These projections are based onproperty tax estimatesandmay be subject to change upon the release of audited property tax information by theCounty. Debt Service Like many local governments, the City finances some of its capital projects with debt. Generally, the process a municipalityuses to borrow money may be referred to as “bonding,” named for the most common type of indebtedness used by local governments. In its simplest terms, a municipal bond is a loan from a bond holder (i.e., investor) to the City (i.e., issuer or borrower) with an agreement to repay the loan over a fixed period with interest at certain intervals, usually semi–annually. The City services $73,355,000in outstanding debt. In total, the City will levy $4,911,706in property taxes to service outstanding debt in 2024 (collectible in 2025). The City is in process and has approved an agreement with MN PFA for $2,938,350 in low interest financing (not subject to the City's debt limit) for the Locke Park Granular Activated Carbon Upgrade Project. 50%, or the remaining $2,938,350, will be forgiven as part of a forgiveness grant. Annual repayments of approximately $191,000 will begin in 2026 or 2027 (depending on the timing of when funds are requested) and will be repaid with water utility funds, not property taxes.Figure No. 18 outlines the debt service profile for the City. Figure No. 18: Outstanding Debt Service, December 31, 2025 SeriesTypeOutstanding PrincipalMaturity 2016AGeneral Obligation, Utility Revenue1,865,0002031 2017AGeneral Obligation, Capital Improvement38,630,0002042 2019AGeneral Obligation, Tax Increment9,510,0002035 2020AGeneral Obligation, Tax Increment860,0002026 2022AGeneral Obligation, Tax Abatement18,750,0002038 314 Jufn!:/ Total $69,615,000 Using this debt service and market value for property taxes payable in 2025 of $4,453,967,100, the City currently maintains a total debt–to– market value ratio of approximately 1.56%. When excluding debt supported by utility revenues and tax increment, the total debt–to–market value ratio decreases to 1.29%. Assuming an estimated population of 29,590 in 2020, the per capita debt for the former is approximately $2,353 and about $1,939 for the latter; both amounts, and ratios are sustainable for the community. As of December 31, 2025, the City maintains an Aa2, or the third highest, credit rating from Moody’s Investors Service, Inc. In Minnesota, several sections of State law, as well as various Federal regulations, control the issuance, repayment and limits related to these, and other types of financial obligations applicable to municipalities. While most of these regulations are too complex for this budget document, the City regularly monitors its debt limit as controlled by Minnesota State 475.53, which limits so-called statutory debt to not more than three percent of the estimated market value of a municipality. Figure No. 19 addresses this limit as well as the statutory debt reserve established by administrative policy of the City Manager. Figure No. 19: Statutory Debt Limit, as of December 31, 2025 Criteria Action Value Estimated Market Value n/a $4,453,967,100 Estimated Debt Limit (per Minnesota Statute § 475.53) Multiply 3.0% Statutory Debt Limit Subtotal $133,619,013 General Obligation Debt, Paid Solely from Property Taxes Subtract $38,630,000 (excludes Tax Abatement as not part of debt limit) Unused Statutory Debt Limit Total $94,989,013 Statutory Debt Reserve Subtract $20,000,000 Remaining Statutory Debt Limit Total $74,989,013 315 Jufn!:/ GENERAL FUND This section of the 2026Budget provides information regarding the following departments and their respective divisions as supported by the General Fund: Summary; Legislative Department; CityManagementDepartment; Employee Resources Department: FinanceDepartment; Public SafetyDepartment; Public WorksDepartment; Parks & Recreation; and Community DevelopmentDepartment. 316 Jufn!:/ General Fund Summary The 2026Budget for the General Fund authorizes $25,954,900of expenditures, an increase of about $1,661,600or 6.8%, compared to the previous fiscal year. As outlined below, the 2026Budget supports these expenditures with $25,954,900of revenues, resulting in the same increase as expenditures from the previous fiscal year. Based on the budget authority for 2026, the General Fund accounts for about 42.1% and 31.7% of all budgeted revenues and expenditures, respectively. 2027/2028Forecast Assumptions: 4% Increase for Charges for Services Revenue 4% Increase for Personnel Services Expenditures (includes wages, benefits and worker’s compensation insurance) 3% Increase for SuppliesExpenditures 3% Increase for Other Services & Charges Expenditures 317 Jufn!:/ General Fund Revenue. The General Fund receives a variety of revenues to support City operations, including charges–for–service, intergovernmental aid, licenses and permits, and property taxes among other funding sources. Like most other municipalities, the property tax levy comprises most of the General Fund revenue. For 2026, property taxes represent about 66.8% of all revenues received by the fund. In total, the property tax levy for the General Fund totals about $17,304,600 in 2026, an increase of about $1,206,200 or 7.5% compared to the previous fiscal year. The 2026 Budget also assumes other changes to various revenue sources, including a $203,700 increase in charges for services, primarily for revenues received from Fridley Public Schools for two new school resources officers and an increase in administrative charges/interfund chargebacks between City funds. There is also a $152,100 increase in intergovernmental aid, primary for local affordable housing aid received, which is then transferred to the HRA to carry out the applicable housing programs. Finally, there is a decrease in license and permit revenue to align with recent redevelopment activity. For 2026, General Fund revenues total $25,954,900, an increase of $1,661,600 compared to the Adopted 2025 Budget. General Fund, Revenue Summary 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 - ActualBudgetBudget 202420252026 41 - Taxes42 - Special Assessments 43 - Licenses and Permits44 - Intergovernmental 45 - Charges for Services46 - Fines and Forfeitures 47 - Miscellaneous49 - Other Financing Sources 318 Jufn!:/ General Fund Expenditures. Consistent with previous years, the Public Safety Department continues to account for the plurality of General Fund expenditures accounting for about 47.7% of all budget authority in 2026, followed by Public Works Department at about 21.2% with all other departments accounting for about 31.1% of the expenditures for the General Fund. Figure No. 21 below outlines this breakdown in greater detail. Like in previous years, Personnel Services account for 77.99% of all General Fund expenditures and Other Services and Charges comprises about 14.4%, with the remaining balance supporting Supplies and Other Finance Uses. As part of the 2026 Budget, Personnel Services, which includes salaries and benefits, increased approximately $1,169,600, or 6.1% compared to the previous fiscal year, due to approved increases from 4 Public Safety labor agreements, proposed progression through the City’s compensation plan for union and non-union employees, the additional of full time embedded social worker (which was previously consulted and grant funded), 2 new school resource officers (entirely paid for by Fridley Public Schools), additional Park & Recreation staffing and Public Works/Facilities staffing. For 2026, General Fund expenditures totaled $25,954,900, an increase of about $1,661,600 compared to the Adopted 2025 Budget. General Fund Expenditures by Department $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $- ActualBudgetProposed 202420252026 11 - Legislative12 - City Management13 - Finance 14 - Non-departmental21 - Public Safety31 - Public Works 41 - Parks and Recreation51 - Community Development 319 Jufn!:/ General Fund, Expenditure Summary $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $- ActualBudgetBudget 202420252026 61 - Personnel Services62 - Supplies63 - Other Services & Charges 80 - Debt Service99 - Other Financing Uses This page was intentionally left blank. 31: Jufn!:/ Department: Legislative Division: City Council(111)Mayor: David Ostwald Areas of Responsibility. The City Council sets policy for the City within guidelines of the City Charter and provides administrative directives through the City Manager. The City Council has two regular meetings scheduled each month for the purposesof setting policy and other official business. Four commissions provideadvice to the City Council: Charter, Planning, Parks and Recreation, Public Arts and Environmental Quality and EnergyCommissions. The Charter Commission is a semi–autonomous body charged with reviewing the CityCharter;members are appointed by the Chief District Judge. 321 Jufn!:/ Department: City Management Summary City Manager: Walter Wysopal Description. The City Management Department, also referred to generally as the City Manager’s Office, provides administrative and executive oversight for all City activities and projects. Specifically, the department includes the following divisions: City Management (also known as the City Manager’s Office); Communications and Engagement; Legal (City Attorney’s Office); Non–Departmental; Elections; City Clerk For operational and leadership purposes, Employee Resources functions as a standalone department despite being located within the City Manager’s Office (CMO). For strategic leadership purposes, it is served by a department-level position to reflect the organizational-wide responsibilities. It is structured as a division for budgetary purposes due to the number of financial resources under its oversight and control and is located within a grouping of similar sized functional areas within the CMO. 2025 Update. The City Management Department made significant progress on several of the goals and objectives outlined in the Adopted 2025 Budget. Communications and Engagement: The Division continued to innovate and improve the City government’s internal communications tools. Hired a new Communications Specialist to help the Division expand its service offering to departments and improve the efficiency of existing processes and services. Developed an Emergency Communications Guide to provide social media template language for a variety of emergency-related situations and instructions related to distributing press releases so all members of the Communications and Public Safety Leadership teams follow the same process. Designed the Public Safety Quarterly Report, which is intended to keep the community informed about the latest updates from the Police and Fire Divisions. Refined the City website to serve as an information hub for residents and visitors, including a frequently updated news section, robust parks directory, and enhanced project pages. Led a citywide training for Fridley’s translation service, Language Line, and drove continued use of the translation portal to provide important messages in Spanish, Somali and Hmong. 322 Jufn!:/ Designed various wayfinding and monument signage in support of the Park System Improvement Plan. Began preparing for the City’s strategy and response to new accessibility standards in relation to websites and PDFs for government agencies. Implemented a new email distribution platform project, GovDelivery, to help streamline email communications and enhance the City’s strategy for reaching its target audiences. Orchestrated several outreach events, such as the City Town Hall, Night to Unite and Citywide garage sales. It also provided support to other departments for their community engagement work. Provided high-quality photo and video services to City staff and community partners. City Clerk: The Division led the City’s business licensing renewal process, ensuring cross-departmental coordination and customer satisfaction. Facilitated five ordinances making updates to the City’s fees related to rental housing licensure, building fees, allowing for youth commissioners on City commissions, creating a Special Event Permit and Title 6 (Zoning) of the City Code. Revised the City’s Data Practices Policy to ensure compliance with State and federal law. Led the City’s response to the State’s legalization of cannabis businesses, positioning the City to quickly respond to unfolding regulations. Updated the City’s agenda management processes and software leading to increased internal efficiencies and collaboration. Implemented a new Records Management Program that supports the City’s data practices obligations. Built two onboarding manuals for elected Councilmembers and appointed City commissioners. Elections: 2025 was an off year for elections in the City and there were no special elections held. Employee Resources: Employee Resources expanded the capabilities of NEOGOV, our cloud-based human resources platform, by implementing additional modules to digitize routine employee documents, automate approval workflows, improve the onboarding experience, and enable staff to manage tasks electronically. These enhancements support the City’s broader goal of leveraging technology to reduce paper use and improve operational efficiency, while also positioning us to meet increased administrative demands associated with new legislative requirements such as Minnesota Paid Leave. Employee Resources continued to prioritize training and development as an important retention initiative. The second cohort of EMERGE, the leadership development program that provides a comprehensive platform for personal and professional growth while developing and improving leadership and core soft skills, began meeting in February. In addition, ongoing investments were made in 323 Jufn!:/ job-specific training, compliance education, and skill-building opportunities to support employee growth and organizational effectiveness. In alignment with our commitment to workforce sustainability and high-quality public service, Employee Resources continues to focus on succession planning, organizational restructuring, and recruitment and retention. These efforts aim to identify and support emerging leaders, preserve institutional knowledge, and ensure continuity of service. At the same time, we are assessing staffing levels, refining job roles, and realigning departments to ensure our organizational structure remains efficient, future-ready, and fiscally responsible. Recognizing that recruitment and retention are critical to the City's long-term success, we have strengthened outreach strategies, evaluated compensation and benefits for market competitiveness, and enhanced onboarding and employee engagement programs to better support employee growth and retention. 2026 Significant Issues and Priorities. Along with the trends, there are several other significant issues or priorities, including but not limited to those mentioned below. Communications and Engagement: The Division will conduct the City’s bi-annual resident survey to gain key information about residents’ perspectives, opinions and desires in relation to City services. This project provides valuable information that guides the strategy and priorities for departments and services across the City. Project manage with North Metro TV and the Police Division to produce a high-quality police recruitment video to highlight the work of the Division and draw in top candidates. Implement GovDelivery, a new email distribution vendor. This will streamline email communications and improve residents’ experience. Continued focus on accessibility standards to meet new requirements that will go into effect in 2027. The Division will begin addressing PDFs and maps and will continue to ensure the website is aligned with these accessibility standards. Partner with other departments to plan, communicate about and host a grand opening event for Commons Park. Drive continued innovation of the City’s internal communication tools such as the Annual Report, Inside Fridley, SharePoint and streamlined calendaring. Support Citywide events through pre-event strategy and planning, event promotions, photography, etc. Project manage a significant AV technology upgrade of the City Council Chambers to replace aging technology. City Clerk The Division will refine and augment the City’s Records Management Program in collaboration with the City Attorney and IT Division. Lead organizational efforts pertaining to project management training and support. 324 Jufn!:/ Refine and update the City’s Data Practices Policy. Implement and manage the City’s Special Event Permit. Elections There will be a municipal election on August 11 and November 3. The Division will hire and train approximately 120 Election Judges, equip and manage 10 precincts and administer absentee balloting for 46 days prior to each election. Employee Resources Employee Resources will continue to monitor legislation that enacts new or revises laws that impacts employees, such as paid family leave, earned sick and safe time, labor relations rules and processes, MNOSHA standards, and notification requirements. The external labor market is expected to continue to place pressure on wages for staff. Employee Resources will monitor the market while also focusing on other benefits and workplace culture initiatives that improve retention. Additionally, as we prepare for anticipated retirements and shifts in service delivery, we will prioritize proactive workforce planning by expanding professional development opportunities, supporting leadership growth, and creating clear career pathways to retain institutional knowledge and Employee Resources will continue the implementation and use of electronic platforms for the routing and processing of HR-related documents to enhance efficiency, accuracy, and transparency. By leveraging modern digital tools, we aim to reduce processing time, minimize errors, and free up staff capacity for more strategic, people-focused work. This investment reflects our broader goal of building a responsive and resilient HR infrastructure that supports the evolving needs of our workforce and organization. Employee Resources will enhance our performance management framework to better align individual goals with organizational priorities. This includes providing supervisors with tools and training for effective coaching, implementing more consistent evaluation practices, and using performance data to inform development, recognition, and accountability. 325 Jufn!:/ 326 Jufn!:/ Division: City Management(City Manager’s Office) (121) Manager: Walter Wysopal Areas of Responsibility. The City Manager provides general administrative supervision for all City departments. This role includes review and approval of budgets, employee and labor management, and the development of policy recommendations for the City Council. The City Manager's Office also prepares City Council agendas and has responsibility for communication with staff, the City Council, the general public and other governmental agencies. 327 Jufn!:/ Division: Legal (City Attorney’s Office)(124) Manager: Walter Wysopal Areas of Responsibility. The City Attorney’s Office provides legal counsel to the City Counciland City staff on legal issues orquestions and prosecutes criminal offenses. At present, two separate entities providethese services: 1) Kennedy and Graven, Chartered, for civil affairs; and 2) City of Coon Rapids, for criminal affairs. Kennedy and Graven, Charteredattends City Council meetings, provides legal opinions, and aids in the development of ordinances and resolutions. The City of Coon Rapidsprosecutes criminal offenses on behalf of the City. 328 Jufn!:/ Division: Employee Resources (126) Director: Becca Hellegers Areas of Responsibility. The Employee Resources Divisions supports and maintains the human resources of the City. It addresses all human resources matters of the organization, including: compensation analysis; employee recruitment and retention; employee benefits; labor relations and negotiations; personnel regulation and policy compliance; and workforce development. The Employee Resources Division also works closely with the Accounting Division in support of payroll administration. 329 Jufn!:/ Division: Communications and Engagement (127) Manager: Melissa Moore Areas of Responsibility. The Marketing and Communications Division supports the marketing and promotional efforts of the City, including: media relations; municipal liquor store marketing; newsletter production; social media management; special events and programs; and video production. Financially, the costs of its activities are shared with the Cable Television Fund (225). 32: Jufn!:/ Division: City Clerk/Records Management (City Clerk’s Office) (128) Manager: Melissa Moore Areas of Responsibility. The City Clerk’s Office supervisesthe City's records management program and document imaging system; Minnesota GovernmentData Practices Actcompliance; and the Elections Division. It also maintains the City Code and City Charter,monitors local and state legislation,provide research and analysis services, draft city ordinances, resolutions,policiesand procedures, andprovide general information to public officials, general public and city personnel on various regulations. The City Clerk’s Office alsoservesas the staff liaison to the City Charter Commission. 331 Jufn!:/ Division: Elections (129) Manager: Melissa Moore Areas of Responsibility. The Elections Division administerselections and works to minimize any delays experienced by voters. It also serves as an important impartial authority for encouraging voter registration, for recruiting and assigning election judges, assisting in the accuracy of the voting equipment, counting of ballots and the certification of elections results and petitions. 332 Jufn!:/ Division: Non–Departmental (141) Manager: Walter Wysopal Areas of Responsibility. Established in 1990, the Non–Departmental Division accounts for those revenues and expenditures that are not easily allocated to more specific departments and/or divisions within the General Fund. Additionally, the division accounts for all property tax revenue received by the General Fund. 333 Jufn!:/ Department: Finance Summary Director: Joe Starks Description. As an internal service department, the Finance Department provides advice, guidance and financial services for all other departments and divisions of the City. Additionally, the Department supervises the activities of the Municipal Liquor Division, which may be reviewed in greater detail in the Enterprise Fund section of this budget document. In addition to supervising the Municipal Liquor Division, the department includes the following divisions: Accounting; Assessing; Information Technology; 2025 Update. The Finance Department made significant progress on several of the goals and objectives outlined in the Adopted 2025 Budget. Started contingency planning to ensure backup coverage in all areas. Continued fraud awareness and protection efforts City-wide. Accounting – Continued to create and distribute transparent, readily accessible and understandable easily understood financial reports that led to receiving three awards: the Certificate of Achievement for Excellence in Financial Reporting, Popular Annual Financial Reporting Award and the Distinguished Budget Presentation Award. IT – Strengthened cybersecurity through tabletop exercises and threat response improvements, upgraded server and network infrastructure, advanced business continuity and disaster recovery planning, and provided ongoing staff training. Assessing – Hired a permanent part-time appraiser with experience in assessing and real estate sales (position previously filled through long-term intern). Efforts to make more processes paperless were continued with improvements in document storage for eCRV and Tax Court Petition management. A new special assessment software was selected and set for deployment in late December. Negotiated significant numbers of Pay 2026 petitions before deadline preventing large losses of revenue. 2026 Significant Issues and Priorities. Along with the trends, there are several other significant issues or priorities, including but not limited to those mentioned below. Continued contingency planning to ensure there is backup coverage in all areas. Continue fraud awareness and protection efforts City-wide. 334 Jufn!:/ Assessing –Along with usual activitiesassociated with the conduct of the 2026 Assessment comes the additional work associated with the tax-exempt roll which encompasses over 600 additional parcels needing review and inspection. Monitoring implementation of the new ADG software for special assessments and ensuring that it is reporting accurate data, especially on the public facing website. IT –Continue work to implement zero trust security architecture, explore AI usage and governance framework, support GIS infrastructure expansion, and complete infrastructure maintenance including policy reviews, copier replacements, and serve OS upgrades. Accounting –focus on continued professional development particularly with newer staff to the City brought onboard. 335 Jufn!:/ Division: Accounting(131) Manager: Shannon Veeraboina Areas of Responsibility. The Accounting Division administers, supervises and plans for allthe City's financial activities. These activities include: financial reporting;utility billing andcollections;accounts payable and revenue collections;investmentsmanagement;debt management;risk management;grant management; payroll processing;and budget preparation. It providesfinancial information to the City Counciland City staff. The Accounting Division alsoprovidesfinancialmanagementservices forthe Fridley Housing and Redevelopment Authority (HRA)and supervises the “front desk” of theFridley Civic Campus. 336 Jufn!:/ Division: Assessing (City Assessor’s Office)(132) Manager: Patrick Maghrak Areas of Responsibility. The City Assessor’s Office implements variousproperty tax and valuation related statutesof the State of Minnesota (State)as they apply to the City. It classifies all taxable property and determines the appraised value of all real estatewithin the City. The divisionalso assists with special assessment, development review and other special projects, as assigned. 337 Jufn!:/ Division: Information Technology(133) Manager: Mike Grundman Areas of Responsibility. The Information Technology Division provides information system support, networking support and application development for all City departments. It alsocoordinates the City's use of information technology through long–range planning, policy development and facilitates communication between the City and its citizens through development of the website and other information resources or tools. 338 Jufn!:/ Department: Public Safety Summary Director: Ryan George Description. Established in 2018, the Public Safety Department supervises all public safety and emergency response activities and programs for the City. In addition to the Police Activity Fund (outlined in another section of the budget as a Special Revenue Fund), the department includes the following divisions: Police; Emergency Management; and Fire. 2025 Update. The Public Safety Department made significant progress on several of the goals and objectives outlined in the Adopted 2024 Budget. Police: The Police Division continues to maintain high staffing levels, despite having fewer applicants to draw from. The ongoing support from the community has been instrumental in maintaining high morale, equipping our officers, providing quality training, and attracting great candidates. Our Embedded Mental Health Worker program continues to ease the burden that is placed on licensed police officers while also providing appropriate remedies and essential services to individuals who truly need them. We are looking to continue this valuable program in 2026 even though federal grant funds will run out. We have expanded our SRO program to add two more SROs that will serve in Fridley Public Schools’ two Vista Setting IV Special Education schools. The total cost of the two new SROs is being covered by Fridley Public Schools. We have maintained a strong connection to our community and have assembled an amazing team of dedicated professionals who care about providing the best service possible. Emergency Management: The City’s Emergency Operations Plan was updated and adopted in 2024. All eight Outdoor Warning Sirens had updates completed so they can communicate with Anoka County Emergency Communications. We continue to train as a team and plan for a response to all types of hazards. Fire: The Fire Division continues to work on recruiting and retaining Paid-On–Call firefighters. This is a major priority as we have recorded a slight decrease in our ranks in the last year with potential for retirement of several senior members in the near future. The addition of an FTE firefighter has helped address our staffing challenges and has increased our productivity and accountability across shifts. The repairs to Aerial 2 and the anticipated completion of Rescue 4 will be instrumental in assisting us to honor our mutual aid agreements with neighboring fire departments, while also addressing current and new fire hazards. The hiring of our new Fire Marshal along with increased efforts from our fire inspectors has us on track to achieving our inspections and public education goals. 339 Jufn!:/ We have also fully integrated the new record management system, which is leading to better data which we are using to shape our emergency response. Finally, Fridley also achieved our goal of implementing a food truck inspection reciprocity program across all of Anoka County. By collaborating with other fire marshals in the county we were able to create a county wide system that makes inspections less expensive and easier for both food truck owners and Fire departments. 2026 Significant Issues and Priorities. Along with the trends, there are several other significant issues or priorities, including but not limited to those mentioned below. Police: As with most things, the cost of running a 24/7 operation continues to increase each year. While technology continues to play a larger role in fighting crime, investigating cases, managing personnel and assets, and tracking training records and policies, the costs of these vital tools continue to rise. For example, a new software program that replaced a decades-old system is increasing efficiency and transparency while also ensuring compliance with POST mandates, but it costs far more than the old system. Contracted services are also getting more expensive, as are the costs of employing and retaining quality staff. We are proud of the partnerships we have created in the community. The Citizen’s Advisory Group continues to meet monthly, and our Cops and Clergy program has been reimagined as “Faith and Safety Coalition” to now include a Fire component. Interest in the program has grown significantly. We are proud of our continued partnership with Fridley Public Schools and the addition of two more school resource officers who will serve at the district’s Setting IV Vista schools. Fridley is a member of the Anoka County Joint Law Enforcement Council (JLEC), which is a partnership between the eleven law enforcement agencies in the county. The JLEC provides an opportunity for the sharing of resources and costs, particularly on projects that have a county-wide benefit. One major JLEC project that is currently underway is the implementation of a new public safety data system (PSDS) through Tyler Technologies. The new PSDS will leverage new technology to aid first responders in responding to calls, documenting data, and storing data. The new PSDS implementation involves some cost, but it is actually considerably less than the last PSDS implementation that occurred more than a decade ago. The Police Division is on pace to handle about 32,500 calls-for-service in 2025. Fire: As the Fire Division continues to work on recruiting Paid-On–Call firefighters, we have determined that our EMT internship program is serving as a successful development and feeder program. We recently hired 2 students from this program as POC Firefighters and 2 more are currently in training. These students make ideal POC firefighters because they cost less to train and they get through the onboarding process faster. The challenge is that in the past this position was funded through a grant, which is no longer available. 33: Jufn!:/ Another challenge is the increase in the cost of structural firefighting personal protective equipment. Some of the increase is due to the industry taking steps to reduce the amount of PFAS in PPE which is much healthier for our firefighters. We are also bound by NFPA requirements that limit the life of this gear to 10 years. 341 Jufn!:/ Division: Police(211) Manager: Ryan George Areas of Responsibility. The Police Division promotes the safety of the City by partnering with the community to preserve life and protect property. It provides professional police services, including: law enforcement; crime investigation and prevention; apprehension of violators; and medical emergency response. The Police Division collaborates with the community through a school resources officer and other programs. Members of the Division also serve on various groups, such as the Anoka–Hennepin Narcotics and Violent Crimes Taskforce. In its efforts to address the needs of the City, the Police Division places an emphasis on community partnerships. 342 Jufn!:/ Division: Emergency Management(215) Manager: Ryan George Areas of Responsibility. The Emergency Management Division plans and implements the response to local, regional and national emergencies on behalf of the City and in accordance with applicable guidelines or regulations. In addition to maintaining the Emergency Operations Center, the Division trains personnel for emergencies, supports a team of volunteer reservesand maintains the outdoor emergency warning sirens. 343 Jufn!:/ Division: Fire(219) Manager: James Lange Areas of Responsibility. The Fire Division provides emergency response and management for all hazards, including: fires, medical emergencies; rescues; and accidental releases of dangerous materials. It also conducts building and building plan inspections for fire code compliance. The Fire Division also supports a variety of community programs, such as the annual fire prevention training in local elementary schools. It offers 24–hour services throughateam of full–time and paid–on–call firefighters. The Fire Division staff also serves on various interagency taskforces (e.g., Minnesota State Chemical Assessment Team for the North Metro). It operates two fire stations. 344 Jufn!:/ Department: Public Works Summary Director: James Kosluchar Description. The Public Works Department is responsible for engineering, design and maintenance of City streets, sidewalks, parks, water, sanitary and storm water utility systems, City Hall and City Garage, and maintenance of equipment. Technical support in the form of surveys, drafting, research and utility location is provided by Engineering for the development of improvements plans, construction and safety programs for the City. The department includes the following divisions: Facilities Management; Engineering; Street Lighting; Parks Maintenance; Utilities; Street Maintenance; and Fleet Services. 2025 Update. The Public Works Department made significant progress on several of the goals and objectives outlined in the Adopted 2025 Budget. Department–wide: Review of Department policies, succession planning. Updating training and safety programs. Facilities: Additional services to new park building, working to provide support services Citywide. Planning for future staffing upon completion of Commons Park building. Added integration of security systems for facilities. Engineering: Large projects continue including Commons Park, University corridor projects, and joint projects with Anoka County. Seeking funding opportunities with Anoka County and MnDOT. Leading implementation of Parks Master Plan improvements. Working on updates to engineering standards and related ordinances. Street Lighting: Administer construction of the University Lighting project. Forestry: EAB and hazardous tree process streamlined with new equipment and updated GIS, administering private grant for removal of trees impacted by EAB. Parks Maintenance: Improving all trail/walk access year-round (incl. non-City routes); aid Parks Implementation Plan. Street Maintenance: Long-range planning on streets and trails citywide ongoing. Fleet Services: Initiating a review of real-time diagnostics for and stabilize the schedule for leased vehicles. 345 Jufn!:/ 2026 Significant Issues and Priorities. Along with the trends, there are several other significant issues or priorities, including but not limited to those mentioned below. Department–wide: Succession plan implementation will begin. Training and safety programs for new staff. Facilities: Services for new park buildings. Planning for future staffing upon completion of Commons Park building. Comprehensive evaluation of control / security system upgrades. Solar additions to multiple buildings. Engineering: Safe Street planning will occur, and we will continue seeking funding opportunities with Anoka County and MnDOT as rd corridor improvements are fully identified. Planning and design of 73 Avenue Corridor will be re-initiated. Leading implementation of Parks Master Plan improvements. Working to enhance division processes and procedures. Street Lighting: Planning for City decorative lighting. Forestry: More private tree inspections and activity, administering private grant for removal of trees impacted by EAB. Re-evaluate and update EAB plan. Parks Maintenance: Complete planning to improve snow and ice response on trails/walks; establish new maintenance practices for park improvements. Street Maintenance: Long-range planning on streets and trails citywide ongoing.Fleet Services: Jointly with Finance, perform analysis to determine whether leasing or owning is the best fiscal and operational option for the City. 346 Jufn!:/ 347 Jufn!:/ Division: Facilities Management(311) Manager: Jeff Jensen Areas of Responsibility. The Facilities Management Division maintains the exteriorsand interiorsof theFridleyCivic Campus, Public Works Buildingand otherCitybuildings, as assigned. It strives to maintain all City facilitiesin a manner thatensures safety and extends theiruseful life. 348 Jufn!:/ Division: Engineering(314) Manager: Brandon Brodhag Areas of Responsibility. The Engineering Division develops plans, sets specifications and determines estimates for capital improvement projects and programs. Itis alsoresponsible for the design and construction of streets, sanitary sewer collection systems, storm water facilities,and water treatment and distribution systems. TheEngineering Divisionalso maintains records on various projects in the City(i.e., “as–built”), and utility service locations. Also,the GIS Geographic Information System (GIS) functionsare housed in the Engineering Division and maintain the mapping and graphicssystemsfor the City. 349 Jufn!:/ Division: Forestry (315) Manager: Jeff Jensen Areas of Responsibility. The Forestry Division provides for the health of the trees and other foliage of the City. Generally, it provides for maintenance of trees located in parks, streets and other areas either owned or operated by the City, including removal, replacement, planting, trimming and inspection services. The Forestry Division also provides for the removal and replacement of private trees consistent with tree replacement programming. 34: Jufn!:/ Division: Park Maintenance (316) Manager: Jeff Jensen Areas of Responsibility. ThePark Maintenance Division plans, designs, constructs and maintains both the active and passive areas of the Park System in coordination with the Parks and Recreation Division. It also supports the activities of the Parks and Recreation Commission and assists with community celebrations and festivals. 351 Jufn!:/ Division: Street Lighting (317) Manager: Jeff Jensen Areas of Responsibility. TheLighting Division maintains the overhead lighting throughout the City, including all park lights, streetlights, traffic signals and other lighting services. 352 Jufn!:/ Division: Street Maintenance(318) Manager: JeffJensen Areas of Responsibility. TheStreet Maintenance Division performs the necessary tasks to reduce the depreciation and wear of City streets. It also strives to maintain the desirable standards of appearance, serviceability and safety, which includes street sweeping,repair of street surfaces, and snow and/or ice prevention and removal. 353 Jufn!:/ Division: Fleet Services (319) Manager: Kelly Odenthal Areas of Responsibility. The Fleet Services Division provides for the maintenance and upkeep of all City–owned equipment and vehicles, including dump trucks, fire trucks, lawnmowers, passenger vehicles, pick–up trucks, squad cars and sport utility vehicles. It may also refer certain activities and repairs to external organizations, as need or required by warranty. 354 Jufn!:/ Department: Parks & Recreation Director: Mike Maher Description. Recreation engages the community in a variety of year-round activities and events. In addition to supervising the Springbrook Nature Center (outlined in another section of the budget as a Special Revenue Fund), the department includes the following divisions: Parks and Recreation. 2025 Update. The Parks & Recreation Department made significant progress on several of the goals and objectives outlined in the Adopted 2025 Budget. Continued growth in area of facility rentals with revenue exceeding projections especially for Locke Park and Moore Lake Park Community Building General contributions and donations increased due to expanded commitments from the Springbrook Nature Center Foundation to support programming and updates to the nature-based play area. An increase in program support donations accounted for $17,000 in program-related sponsorships. 2026 Other Significant Issues and Priorities. Along with the trends, there are several other significant issues or priorities, including but not limited to those mentioned below. Commons Park operations will begin summer of 2026 with a staffed building. Both permanent and part-time staffing levels will be requested to increase to satisfy this demand and a conservative increase in facility rental income should be expected. Several operational line items were requested to increase in 2026 to account for additional needs at a new facility such as office supplies and services contracted. A new request for support for the public art program is being requested to support small-scale art programs such as art benches, small murals, and utility-box wraps. Planned expansion of adult programming opportunities Staff will implement a grant from Xcel Energy to expand volunteer opportunities with expenses and revenue balancing at $8,000 Expansion of the nature-based play area has been popular, and the equipment is getting a lot of use. This will translate to more park visits and additional maintenance and inspections. Expansion to preschool age programming is under consideration Parks and Recreation Director has taken on a leadership role for Fridley’s public art program including serving as the staff contact for the Public Arts Commission and as a liaison to the Rum River Art Center. 355 Jufn!:/ Division: Parks &Recreation (410) Manager: Margo Numedahl Areas of Responsibility. TheParks &Recreation Division provides a wide variety of year–round leisure activities, which contribute toward the physical, socialand emotional well–being of participantsof all ages. It provides programs in the following areas:instructional recreation activities;competitive athletic leagues;fitness activities;special events;cultural arts;and outings. Beginning in 2020, this Parks &Recreation Division ceased operation ofa Senior Center. 356 Jufn!:/ Department: Community Development Director: Paul Bolin Description. The Community Development Department coordinates and plans for all the different real estate developments in the City including: commercial; industrial; and residential (both single family and multi–family homes). The department promotes commercial and industrial development to expand the job base with livable wage employment opportunities and to increase the tax base. In addition to serving as the primary staff liaison to the Housing and Redevelopment Authority (HRA), the Planning Commission and the Environmental Quality and Energy Commission, the department includes the following divisions: Building Inspections; Planning; and Rental Inspections. 2025 Update. The Community Development Department made significant progress on several of the goals and objectives outlined in the Adopted 2025 Budget. The Community Development Department restructured by consolidating the HRA Assistant Director and Planning Manager roles into a new Assistant Community Development Director position, with the current planner expanding from a three-day per week planner to a four-day Senior Planner role that bridges both HRA grant work and increased planning responsibilities. The reorganization maintains specialized expertise while promoting cross-training and professional growth, creating a more flexible generalist approach that reduces management costs and builds knowledge redundancy across the department. Building Inspections Adjusted electrical inspections fees to be consistent with fees in other cities. Hired two new staff, Licensing and Permit Coordinator and Building Inspector as a result of a resignation and a retirement. As of July, we’ve exceeded the permit number and permit value originally anticipated for this year. Planning/Code Enforcement/Recycling/Environment Continued pre-development work for Mississippi and Central. Prepared a Public Arts Policy and Comprehensive Plan for future art placement and City beautification. PAC was turned over to Parks & Recreation Completed rewrite of the zoning code. Creation of the zoning permit process as a result of the zoning code rewrite. Focused on education within our code enforcement process, through use of door hangers and handouts. Summer intern focused on addressing multi-family code enforcement and recycling education. 357 Jufn!:/ Partnered with the City Clerk’s office to administer and implement the Cannabis regulations implemented by the State. Continued work on grant writing and implementation for solar on City buildings Rental Inspections Continued inspections on the schedules defined to ensure new units are merged into a 3-year inspection rotation. New buildings are inspected after one year, then on the 3-year rotation. Created & adopted a new fee schedule for rental inspection to keep pace with the costs of running the inspection program Made many improvements to CitizenServe to meet needs of Rental Division. 2025 Other Significant Issues and Priorities. Along with the trends, there are several other significant issues or priorities, including but not limited to those mentioned below. Building Inspections Continue to train new team members to become comfortable and confident in their roles. Work with staff on individual training and certificates that may be of interest or need. Planning/Code Enforcement/Recycling/Environment Hire a consultant and start work to complete the 2050 Comprehensive Plan update Finalize the redevelopment project on Mississippi and Central – bring the development through the land use process and establishment of a TIF district Continue to focus on education efforts for residents and businesses related to code enforcement activities Pursue alternative options that are affordable for residents to dispose of unwanted items Rental Inspections Continue inspections on a 3-year inspection rotation. New buildings are inspected after one year, then on the 3-year rotation. Due to economic hardships of some owners and a lack of repairs made during the pandemic, rental is finding a need for several reinspection’s and follow up. Implementation of new correction order/inspection software for time efficiency and fill a role that Citizen Serve lacks. Continuing education, classes and certifications to keep up with trends, code changes and increase knowledge/skills of inspection staff 358 Jufn!:/ 359 Jufn!:/ Division: Building Inspections (511) Manager: Tony DeForge Areas of Responsibility. The Building Inspections Division enforces the building code and applicable ordinances within the City in order to prevent health and safety hazards. It also provides applicable information to homeowners and businesses and reviews buildingplans and provides coordination of inspections. 35: Jufn!:/ Division: Planning (512) Manager: Stacy Stromberg Areas of Responsibility. The Planning Division overseesall land development activities and efforts in the City in compliance with the Comprehensive Plan. It also maintains compliance with ordinances related to public nuisances, subdivisions and zoning. The Planning Division serves as the liaison to the Planning Commission and the Environmental Quality and Energy Commission. It is also responsible for the administration of the various waste reduction programs provided by the City and partnering agencies. 361 Jufn!:/ Division: Rental Inspections (514) Manager: Paul Bolin Areas of Responsibility. The Rental Inspections Division provides for the systematic inspection and licensing of all rental units located in the City. In doing so, it protects the health, safety and well–being of the Fridley community, and preserves valuable housing stock for current and future residents. 362 Jufn!:/ SPECIAL REVENUE FUNDS This section of the 2026Budget provides information regarding the following departments and their respective divisions as supported by Special Revenue Funds: Summary; Cable Television Fund; Solid Water Abatement (i.e., Recycling) Fund; Police Activity Fund; and Springbrook Nature Center Fund. Summary Special Revenue Funds are designed to account for the activities of a specific revenue source and are legally restricted for a specific purpose. At present, the City maintains budgetedfunds for Cable Television, Solid Waste Abatement (i.e., recycling), Police Activity and the Springbrook Nature Center(SNC). The City budgets for these funds in a similar manner to the General Fund. The 2026Budget assumes a total of $1,888,200in Special Revenue Fund revenues, an increase of about $13,200 or less than 1.0%, compared to the Adopted 2025Budget, largely due to an increase in external reimbursements for personnel services provided in the Police Activity Fund. Along with this increase, the 2026Budget also includes about $77,100in additional expenditures, largely due to an increase in personnel costs in the funds. 363 Jufn!:/ Fund: Cable Television (225) Department: Community Services and Employee RelationsCity Manager: Wally Wysopal Division: Communications and EngagementManager: Melissa Moore Areas of Responsibility. The Cable TV Fund supports the Fridley Municipal Television Channel 17, website and social media programming as well as programming for Public Access Channel 15. All regular City Councilmeetingsare broadcast live and for playback on Channel 17. Staff produce more than 90 programs a year. The Cable TV Fund also provides equipment necessary for the operations of Channel 17. 364 Jufn!:/ Fund: Solid Waste Abatement (237) Department: Community DevelopmentDirector: Scott Hickok Division: RecyclingCoordinator: Rachel Workin Areas of Responsibility.Established in 1991, the Solid Waste Abatement Fund supports various activities, including: curbside recycling; drop-off events to eliminate electronics and appliances; and marketing and educational activities. Generally, the Fund seeks to reduce or prevent items from entering the waste stream that may be handled in some other form or fashion. 365 Jufn!:/ Fund: Police Activity (260) Department: Public SafetyDirector: Ryan George Division: PoliceManager: Steve Monsrud Areas of Responsibility. The Police Activity Fund receives grants and intergovernmental aiddesigned to support public safety activities. In most cases, the grants are provided on a reimbursement basis. However, in some situations, funds are provided in advance andexpended on specific activities or projects. The Police Activity Fund supportsthe Public Safety Data System (PSDS) System, a county–wide data sharing service for public safety agencies. The City physically houses the personnel associated with the PSDS System. 366 Jufn!:/ Fund: Springbrook Nature (270) Department: Community Services and Employee RelationsDirector: Mike Maher Division: Springbrook Nature CenterManager: Tara Rogness Areas of Responsibility. The Springbrook Nature Center (SNC) Fund supports activities and programs related to the Springbrook Nature Center, a premier park and open space reserve. The fund also supports the maintenance and operation of the Interpretive Center, a multi– use facility that provides natural resources programming and classroom space. The SNC partners with local school districts and non–profits to provide a variety of educational opportunities. The entire park area may be explored by the general public. 367 Jufn!:/ CAPITAL PROJECTFUNDS This section of the 2026Budget provides information regarding the following funds and their respective divisions as supported by Enterprise Funds: Summary; Building Capital Projects Fund Street Capital Projects Fund; Parks Capital Projects Fund; Information Technology Capital Projects Fund; and Equipment Capital Projects Fund. For additional information and analysis regarding the 2026Budget for the Capital Projects Funds, please refer to the 2026–2030Capital Investment Programon the Finance page onthe City’s website.A summary of projects included in the 2026-2030CIP is included in Volume 2. Summary Capital ProjectsFunds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for capital outlays, including the acquisition or construction of capital facilities and other capital assets. Often these funds make use of fund balances to finance the sometimes–extraordinary cost of certain capital projects. At present, the City maintains budgeted funds for Buildings, Streets, Parks, Information Technology and Equipment. The 2026Budget includes a total of $16,004,100of Capital Projects Funds expenditures, decreaseof about $3,368,100, or about 28.3%, compared to the previous year. For the Streets Capital Projects Fund, the City plans to complete threemajor capital projects: 2 Street Rehabilitation Projects and a Safe Routes to School Project,totaling approximately $3,095,000. Additionally, the City will be finishing design th for the 57Avenue Bridge project, planning to spend approximately $1,020,000in design funded with state bonding. Forthe Parks Capital Projects Fund the City plans to spend approximately $6,204,000related to the approvedPark System Improvement Plan. Consistent with City Council guidance, the City may ultimately expend about $30,000,000 on park system related capital projects over an approximate 8- yearperiod which began in 2023. 368 Jufn!:/ Fund: Building Capital Projects (405) Department: Public WorksDirector: James Kosluchar The Building Capital Projects Fund accounts for funds accumulated for the acquisition, construction, improvement and/or majorrepairs of public buildings, including: the Fridley Civic Campus (i.e., City Hall, Police Station, Fire Station No. 1); the Public Works Building; and other municipal buildings that may not be otherwise supported by other Capital Project Funds. The City may also use the fund to finance the acquisition of real estate for the City and its component units. 369 Jufn!:/ Fund: Streets Capital Projects (406) Department: Public WorksDirector: James Kosluchar The Street Capital Projects Fund accounts for funds accumulated for the acquisition, construction, improvement and/or major repairsof transportation infrastructure, including: curb and gutter; bridges; sidewalks; streets; streetlights; traffic signals and signage; and trails. The City may expend funds on such facilities under its jurisdiction or in partnership with an area agency controlling similar assets within the City. 36: Jufn!:/ Fund: Parks Capital Projects (407) Department: Public Works/Community Services and Employee ResourcesDirector: James Kosluchar/Mike Maher The Parks Capital Projects Fund accounts for funds accumulated for the acquisition, construction, improvement and/or major repairsof parks and open spaces maintained by the City, including: community and neighborhood parks; playground and recreation equipment; recreation facilities; trails located in and around park units; and related activities. 371 Jufn!:/ Fund: Information Technology Capital Projects (409) Department: FinanceDirector: Joe Starks The Information Technology (IT) Capital Projects Fund accounts for funds accumulated for the acquisition, expansion, improvement, replacementand/or major repairsof IT resources and systems, including: computers; enterprise–level or major software; networking equipment; servers; and other significant hardware. The IT Capital Projects Fund may not support ongoing IT costs or operations, such as licensing and maintenance fees. 372 Jufn!:/ Fund: Equipment Capital Projects Fund (410) Department: FinanceDirector: Joe Starks The Equipment Capital Projects Fund, also known as the Capital Equipment Program (CEP) accounts for funds accumulated for theacquisition, replacementand/or major repairsof larger or more expensive equipment, including: public works and public safety vehicles and equipment; parks and landscaping equipment; and other major equipment needs as determined by the City Manager and City Council. 373 Jufn!:/ ENTERPRISEFUNDS This section of the 2026Budget provides information regarding the following funds and their respective divisions as supported by Enterprise Funds: Summary; Water Utility Fund; Sanitary Sewer Utility Fund; Storm Water Utility Fund; and Municipal Liquor Fund. For additional information and analysis regarding the various capital projects for EnterpriseFunds, please refer to the2026–2030CIP, found on the Finance page within the City’s website.A summary of projects included in the 2026-2030CIP is included in Volume 2. Summary Enterprise Funds are funds designed to account for proprietary activities in which fees or rates are charged to external users for goods or services. At present, the City maintains such funds for Water Utility,Sanitary Sewer Utility, Storm Water Utility andMunicipal Liquor. For these funds, the City prepares a five–year budget projection for each fund and determinesthe appropriate fees and rates for end users. Additionally, the City regularly engages third–party consultants to review fund activities to ensure proper fund management and adequate financial resources. Ideally, these funds areself-sustaining, supporting both their operating and capital project needs. The 2026Budget includes a total of $32,016,600of Enterprise Fund expenses, an increaseof about $1,125,200, or about 3.6%, compared to the previous year. Generally, this change may be attributed to an increase in capital outlay expenditures, largely related to the Locke Park Water Treatment Plant Granular Activated Carbon Upgrade Project, for which the City received low interest financing and 50% loan forgiveness (grant). 374 Jufn!:/ Fund: Water Utility Fund Department: Public Works Director: James Kosluchar Areas of Responsibility. The Water Utility Fund provides for the treatment, distribution, and metering of safe drinking water to properties within the City. The fund also maintains water pressure and fire hydrants used for fire suppression throughout the City. Additionally, the fund supports the cost of all debt service associated with capital improvements for the water utility. 2025 Update. The Public Works Department made significant progress on several of the goals and objectives outlined in the Adopted 2024 Budget. Design for Locke Park WTP upgrade to address PFAS, began planning work on Tower 1 replacement plan, and planning for Commons Park WTP site. The Water Operations Division continued to work on funding for Locke Park WTP upgrade to address PFAS. 2026 Significant Issues and Priorities. Along with the trends, there are several other significant issues or priorities, including but not limited to those mentioned below. Construction of Locke Park WTP upgrade to address PFAS, planning for Commons Park WTP. 375 Jufn!:/ Division: Administration and OperationsOperations Manager: Jason Wiehle Administration Manager: Shannon Veeraboina 2027/2028Forecast Assumptions: 5% Increase for Water Utility Fee (Proprietary Revenue) in 2027& 2028 4% Increase for Personnel Services Expenditures (includes wages, benefits and worker’s compensation insurance) 3% Increase for SuppliesExpenditures 3% Increase for Other Services & Charges Expenditures 376 Jufn!:/ Division: Debt ServiceManager: Shannon Veeraboina 377 Jufn!:/ Fund: Sanitary Sewer Utility Fund Department: Public Works Director: James Kosluchar Areas of Responsibility. The Sanitary Sewer Utility Fund provides for maintenance of trunk and collector sanitary sewer systems and sanitary sewer lift stations maintained by the City. The fund also provides support for wastewater treatment in concert with the Metropolitan Council. Additionally, the fund supports the cost of all debt service associated with capital improvements for the utility. 2025 Update. The Public Works Department made significant progress on several of the goals and objectives outlined in the Adopted 2025 Budget. Cooperative work with MCES on Phase 1 Inflow/Infiltration study is being worked on. 2026 Significant Issues and Priorities. Along with the trends, there are several other significant issues or priorities, including but not limited to those mentioned below. Replace Apex Lift Station, Cooperative work with MCES on Inflow/Infiltration study. 378 Jufn!:/ Division: Administration, Operations and CapitalOperations Manager: Jason Wiehle Administration Manager: Shannon Veeraboina 2027/2028Forecast Assumptions: 13% Increase for Sanitary Sewer Utility Fee (Proprietary Revenue) in 2027& 2028 4% Increase for Personnel Services Expenditures (includes wages, benefits and worker’s compensation insurance) 3% Increase for SuppliesExpenditures 6% Increase for Other Services & Charges Expenditures 379 Jufn!:/ Division: Debt ServiceManager: Korrie Johnson 37: Jufn!:/ Fund: Storm Water Utility Fund Department: Public Works Director: James Kosluchar Areas of Responsibility. The Storm Water Utility Fund provides for maintenance of trunk and collector storm water systems maintained by the City. The fund also establishes and maintains improvements and programs provided to meet storm water quality objectives as established by the Metropolitan Council and other agencies. Additionally, the fund supports the cost of all debt service associated with capital improvements for the utility. 2025 Update. The Public Works Department made significant progress on several of the goals and objectives outlined in the Adopted 2025 Budget. Concluding work on operating procedures and ordinances with regard to new MS4 permit, developing an upgraded asset inventory and maintenance program. 2026 Significant Issues and Priorities. Along with the trends, there are several other significant issues or priorities, including but not limited to those mentioned below. Storm Water Operations: Evaluate operations capabilities; requests for funding of additional TMDL projects. 381 Jufn!:/ Division: Administration and OperationsOperations Manager: Jeff Jensen Administration Manager: Shannon Veeraboina 2027/2028Forecast Assumptions: 2.5% Increase for Storm Water Utility Fee (Proprietary Revenue) in 2027& 2028 4% Increase for Personnel Services Expenditures (includes wages, benefits and worker’s compensation insurance) 3% Increase for SuppliesExpenditures 3% Increase for Other Services & Charges Expenditures 382 Jufn!:/ Division: Debt ServiceManager: Shannon Veeraboina 383 Jufn!:/ Fund: Municipal Liquor Department: Finance Director: Joe Starks Areas of Responsibility. Established in 1949, the Municipal Liquor operation consists of two retail locations with annual sales around $6,000,000 annually, with a portion of the net profits benefiting the General Fund and the Equipment Capital Projects Fund. Generally, the fund “pours its profits” back into the City and alleviates the property tax burden on businesses and residents of the community. The fund contains two divisions – one for each store. 2025 Update. The Finance Department and Municipal Liquor Division made significant progress on several of the goals and objectives outlined in the Adopted 2025 Budget. Continued analysis of liquor store enterprise and long-term options for Store #1 & Store #2, increased number of applications for open liquor store positions, implemented sick and safe time to part-time employees 2026 Significant Issues and Priorities. Along with the trends, there are several other significant issues or priorities, including but not limited to those mentioned below. Monitor ongoing legislation that could impact and/or eliminate sales of low does hemp-derived THC Continue to use upgraded security video system at Store #1 and Store #2to ensure employee safety and gather evidence for the Fridley Police to prosecute and deter criminal activity within the store, analyzing current store locations against possible relocation and store sites within the City in order to maximize liquor operations profitability and monitoring the legalization of marijuana and its impact on liquor sales. Implement MN Paid Leave. 384 Jufn!:/ Division: Store No. 1Manager: Kyle Birkholz 385 Jufn!:/ Division: Store No. 2Manager: Kyle Birkholz 386 Jufn!:/ This page was intentionallyleft blank. 387 Jufn!:/ GLOSSARY Accounting System.The total structure of records and procedures which record, classify, summarize, and report information on the financial position and results of operations of a government or any of its funds, fund types, balanced account groups, or organizational components. Accounts Payable. A liability account reflecting amounts on an open account owing to private persons or organizations for goods and services received by a government. Accounts Receivable. An asset account reflecting amounts owing on an open account from private persons or organizations for goods and services furnished by a government. Accrual Basis of Accounting. Method of accounting that recognizes the financial effect of transactions, events, and interfund activity when they occur, regardless of the timing of the related cash flows. Adopted Budget. Refers to the budget amounts as originally approved by the city council at the beginning of the year and also to budget document which consolidates all beginning-of -the-year operating appropriations and new capital project appropriations. American Rescue Plan Act (ARPA). Funds delivered through the Coronavirus State and Local Fiscal Recovery Funds (SLRF) to state and local governments across the country to support their response to and recovery from the COVID-19 public health emergency. Appropriation. An authorization made by the legislative body of a government, which permits officials to incur obligations against and to make expenditures of governmental resources. Appropriations are usually made for fixed amounts and are typically granted for a one-year period. Assessed Valuation. Valuation that a government sets on real estate or other property as a basis for levying taxes. Tax-exempt property is excluded from the assessable base. Assets. Property and equipment owned by a government which has monetary value. 388 Jufn!:/ Audit. An audit is a systemic examination and evaluation of an organization’s financial records, conducted by an independent party, to determine whether the financial statements accurately reflect the organization’s financial position and compliance with relevant account standards. Balanced Budget. A budget in which the sources of funds (revenues) are equal to the uses (expenditures). Basis of Accounting. The technical term that describes the criteria governing the timing of the recognition of transactions and events. Bonds. A written promise to pay a specified sum of money called principal at specified dates, including interest at a designated time. Bonds are typically used for long-term debt. Budget. A financial operations plan of Final or adopted expenditures for a given period and the Final or adopted revenues to finance them. Capital Investment Program (CIP). A plan for capital expenditures to be incurred each year for a fixed period of years and the estimated resources to finance the projected expenditures. Capital Outlay or Expenditure. Expenditures which result in the acquisition of or addition to fixed assets which have a value of $10,000 or more and have a useful life of more than one year. Capital Project. The largely one-time cost for acquisition construction, improvement, replacement, or renovation of land, structures and improvements thereon. Capital Project Fund. Fund type used to account for financial resources that are restricted, committed, or assigned to expenditures for capital outlays including the acquisition or construction of capital facilities and other capital assets. Component Unit. A legally separate organization for which the City is financially accountable. Current Assets. Those assets which are available or can be made readily available to finance current operations or to pay current liabilities. Current Liabilities. Liabilities which are payable within one year. Debt. An obligation resulting from the borrowing of money or the purchase of goods or services. 389 Jufn!:/ Debt Service Fund. Governmental fund type used to account for accumulations of resources that are restricted, committed, or assigned to expenditure for principal and interest. Deficit. An excess of expenditures over revenues, a loss in business operations. Depreciation. In accounting for depreciation, the cost of a fixed asset, less any salvage value is prorated over the estimated service life of such an asset, and each period is charged with a portion of such cost. Through this process, the entire cost of the asset is ultimately charged off as an expense. Division. A major organization unit within a department. Usually, divisions are responsible for carrying out a major component of the department. Encumbrance. Commitments related to unperformed (executor) contracts for goods or services. Enterprise Fund. Proprietary fund type used to report an activity for which a fee is charged to external users for goods or services. Expenditure/Expense. Where accounts are kept on the modified accrual or accrual basis of accounting, the cost of goods received, or services rendered. Fee. A general term used for any fixed charge levied by the government associated with providing a service permitting an activity or imposing a fine or penalty. Major types of fees include business and non-business licenses, fines, and user charges. Fiscal Disparities. A revenue sharing program comprised of local government units within the Twin Cities Metropolitan area. Under this program a portion of growth in commercial, industrial, and public utility property value of each community is contributed to a tax base sharing pool. Each community receives a distribution of property value from the pool based on market value and population of each city. Fiscal Year. The twelve–month period to which the annual budget applies and at the end of which the City determines its financial position. The City’s fiscal year is January 1st to December 31st. Fixed Asset. Long–term tangible assets which are “fixed” in nature, such as building, land, and equipment. Fund. An accounting entity with a self-balancing set of accounts in which assets, liabilities, and equity are recorded for a specific activity or objective. 38: Jufn!:/ Fund Balance. Net position of a governmental fund (difference between assets, liabilities, deferred outflow of resources, and deferred inflows of resources). Governmental Accounting Standards Board (GASB). The authoritative accounting and financial reporting standard-setting body for state and local governments. Government Finance Officers Association (GFOA). An organization that represents public finance officials in the United States and Canada. General Fund. One of the five governmental fund types. The general fund typically serves as the chief operating fund of a government. The general fund is used to account for all financial resources not accounted for in some other fund. General Obligation (GO) Bonds. Bonds that are backed by the full faith and credit of the City. Goal. A statement of direction, purpose, or intent that describes the future state of condition or result to achieve. Governmental Funds. Funds generally used to account for tax-supported activities. There are five different types of governmental funds: the general fund, special revenue funds, debt service funds, capital project funds, and permanent funds. Grant. A contribution of assets (usually cash) by one governmental unit or other organization to another. Typically, these contributions are made to local governments from the state and federal governments. Housing and Redevelopment Authority (HRA) of the City of Fridley. The HRA was formed by the City to provide housing and redevelopment assistance to Richfield citizens and businesses. Infrastructure. Long-lived capital assets that normally are stationary in nature and normally can be preserved for a significantly greater number of years than most capital assets. Intergovernmental Aid. Revenues from other governments in the form of grants, entitlements or shared revenues. Internal Service Fund. Proprietary fund type that may be used to report any activity that provides goods or services to other funds, departments, or agencies of the primary government and its component units, or to other governments, on a cost-reimbursement basis. 391 Jufn!:/ Investment. Securities permitted by law are purchased and held for the production of income in the form of interest. Liquidity. The amount of time that is expected to elapse until an asset is realized or otherwise converted into cash or until a liability must be paid. Local Government Aid (LGA). An aid program consisting of sales and income revenues collected by the State of Minnesota and redistributed to local governments to reduce local property tax burdens. Market Value. The value determined by the County Assessor for real estate or property used for levying taxes. Modified Accrual Basis. The basis of accounting which recognizes increases and decreases in financial resources only to the extent that they reflect near-term inflows or outflows of cash. Revenues are recognized to the degree that they are available to finance expenditures of the fiscal period. Similarly, debt service payments and a number of specific accrued liabilities are only recognized as expenditures when payment is due because it is only at that time that they normally are liquidated with expendable available financial resources. Municipal State Aid (MSA). An aid program consisting of gas tax revenues collected by the State of Minnesota redistributed to local governments for road improvements. Objective. An achievement that can be attained only if the attempts are made in a particular direction. Program. A group of activities, operations, or operational units directed to attain a specific purpose or objective. Project. A temporary endeavor with a beginning and an end and it must be used to create a unique product, service or result. Final Budget. The recommended city budget submitted by the city manager to the city council. Proprietary Fund. Funds that focus on the determination of operating income, changes in net position (or cost recovery), financial position, and cash flows. There are two types of proprietary funds: enterprise funds and internal service funds. Reserves. Funds set aside for unanticipated expenditures or unforeseen emergencies, as well as to have adequate working capital for current operating needs to avoid short-term borrowing. 392 Jufn!:/ Retained Earnings. The amount of money an entity has left over after spending within a year. It is the amount by which an entity’s assets are greater than its liabilities. Revenue. Funds collected as income to offset operational expenditures including property taxes, charges for service, licenses and permits, etc. Special Assessment. A levy made against a property to defray all, or part of the cost of a capital improvement or service deemed to benefit that property. Special Revenue Fund. A fund established used to account for the proceeds of specific revenue sources that are legally restricted to expenditure for specified purposes. Tax Capacity Value. The taxable portion of the market value which is based on classification rates determined by the type of property tax. Tax Capacity Rate. The old “mill rate” derived in same manner mill rates were determined. Tax capacity rate is equal to levy divided by tax capacity (old, assessed value). New tax capacity rates will be expressed as percentages. Tax Increment Financing. Financing secured by the anticipated incremental increase in tax revenues, resulting from the redevelopment of an area. Tax Levy. The amount of property taxes levied to finance operations that are not funded by other services. Taxes. Compulsory charges levied by a government to finance services performed for the common benefit. Working Capital. The difference between current assets and current liabilities. 393 Jufn!:/ 394 Jufn!:/ 395 Jufn!:/ 396 Jufn!:/ 397 Jufn!:/ 398 Jufn!:/ 399 Jufn!:/ 39: Jufn!:/ 3:1 Jufn!:/ 3:2 Jufn!:/ 3:3 Jufn!:/ 3:4 Jufn!:/ 3:5 Jufn!:/ 3:6 Jufn!:/ 3:7 Jufn!:/ 3:8 Jufn!:/ 3:9 Jufn!:/ 3:: Jufn!:/ 411 Jufn!:/ 412 Jufn!:/ 413 Jufn!:/ 414 Jufn!:/ 415 Jufn!:/ 416 Jufn!:/ 417 Jufn!:/ 418 Jufn!:/ 419 Jufn!:/ 41: Jufn!:/ 421 Jufn!:/ 422 Jufn!:/ 423 Jufn!:/ 424 Jufn!:/ 425 Jufn!:/ 426 Jufn!:/ 427 Jufn!:/ 428 Jufn!:/ 429 Jufn!:/ 42: Jufn!:/ 431 Jufn!:/ 432 Jufn!:/ 433 Jufn!:/ 434 Jufn!:/ 435 Jufn!:/ 436 Jufn!:/ 437 Jufn!:/ 438 Jufn!:/ 439 Jufn!:/ 43: Jufn!:/ 441 Jufn!:/ 442 Jufn!:/ 443 Jufn!:/ 444 Jufn!:/ 445 Jufn!:/ 446 Jufn!:/ 447 Jufn!:/ 448 Jufn!:/ 449 Jufn!:/ 44: Jufn!:/ 451 Jufn!:/ 452 Jufn!:/ 453 Jufn!:/ 454 Jufn!:/ 455 Jufn!:/ 456 Jufn!:/ 457 Jufn!:/ 458 Jufn!:/ 459 Jufn!:/ 45: Jufn!:/ 461 Jufn!:/ 462 Jufn!:/ 463 Jufn!:/ 464 Jufn!:/ 465 Jufn!:/ 466 Jufn!:/ 467 Jufn!:/ Exhibit A Financial Management Policy Manual City of Fridley, Minnesota 468 Jufn!:/ Table of Contents Introduction and Purpose __________________________________________________________________________ 4 Organizational Mission _________________________________________________________________________ 4 Public Purpose Expenditure Policy _____________________________________________________________ 6 External Auditor Independence Policy _______________________________________________________ 10 Budgetary and Financial Controls ________________________________________________________________ 11 Operating Budget Policy _____________________________________________________________________ 12 Capital Investment Program Policy __________________________________________________________ 14 Capital Assets Policy _________________________________________________________________________ 15 Fiscal Agent Services Policy __________________________________________________________________ 18 Cash and Investment Management ______________________________________________________________ 20 Forfeited Assets Policy _______________________________________________________________________ 20 Fund Balance Policy __________________________________________________________________________ 21 Self–Insurance Fund Policy ___________________________________________________________________ 26 Investment Policy ____________________________________________________________________________ 27 Community Investment Fund Policy _________________________________________________________ 34 Debt Management _______________________________________________________________________________ 37 Debt Management Policy ____________________________________________________________________ 37 Private Activity or Conduit Bonds Policy _____________________________________________________ 39 Post–Issuance Debt Compliance Policy ______________________________________________________ 43 Post–Issuance Debt Compliance Procedures _________________________________________________ 44 Procurement _____________________________________________________________________________________ 49 Purchasing Policy ____________________________________________________________________________ 49 Procurement Card Use Policy ________________________________________________________________ 57 2 469 Jufn!:/ Travel, Training and Reimbursement Policy __________________________________________________ 60 Donations ________________________________________________________________________________________ 67 Surplus Property Policy ______________________________________________________________________ 67 Municipal Liquor Store Donation Policy _____________________________________________________ 69 Revenue and Collection __________________________________________________________________________ 72 Revenue Policy _______________________________________________________________________________ 72 Public Utilities Revenue and Remittance Policy ______________________________________________ 73 Special Assessment Deferment Policy ________________________________________________________ 76 Adoption and Implementation ___________________________________________________________________ 79 Interpretation ________________________________________________________________________________ 79 Discipline _____________________________________________________________________________________ 79 Adoption _____________________________________________________________________________________ 79 3 46: Jufn!:/ Introduction and Purpose Organizational Mission The City of Fridley, Minnesota (City) maintains a Vision Statement and a set of Organizational Values, which guide both the daily and long–term activities of the organization: 1. Vision Statement: “We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses;” and 2. Organizational Values: “Friendly, Responsive, Driven.” Specifically, the Department of Finance (Finance Department) maintains the following mission statement: “The Department of Finance strives to support and provide sound stewardship of the financial resources and information technology needed to support excellent public services for those who live, work and shop in the Fridley Community.” Purpose The City has an important responsibility to its citizens to plan for the adequate funding of services desired by the public and the City Council, including the provision and maintenance of public facilities, appropriate staffing, prudent financial management and accurate accounting for public funds. The City strives to maintain adequate and consistent funding as well as promote transparency and understanding of local government services as desired by the Fridley community. Objectives In order to achieve this purpose, the following objectives are established for the City's fiscal performance: To protect the City Council's policy–making ability by ensuring that important policy decisions are not controlled by financial concerns, problems and/or emergencies; To enhance the City Council's policy–making ability by providing accurate information on the full costs of current operations, new proposals and capital requests; To assist sound management of the City by providing accurate and timely information on its financial condition; To provide sound principles to guide the decisions of the City Council and staff; To set forth operational principles which promote long–term cost effectiveness while providing services desired by the public with prudent financial risk; To employ revenue policies and forecasting tools to identify and prevent undue or unbalanced reliance on certain revenues, but to distribute the costs of municipal services fairly and to provide adequate funds to operate desired programs; To provide and improve essential public facilities and prevent deterioration of the City's infrastructure; To protect and enhance the City's credit rating; To ensure the legal use and protection of all City funds through a strong system of financial and accounting controls; To record transactions in a manner that matches current revenues to current expenditures; 4 471 Jufn!:/ and To report year–end financial information in accordance with Generally Accepted Accounting Principles (GAAP) and in accordance with recommended best practices as promulgated by the GFOA and the Statements of Position of the Office of the State Auditor (OSA). Code of Professional Ethics The City shall adhere to the Code of Professional Ethics as established by theGFOA as outlined below and Chapter 5 of the Fridley City Code, which govern the ethical conduct of certain staff. To further the above objectives, all employees are enjoined to adhere to legal, moral, and professional standards of conduct in the fulfillment of their professional responsibilities. Standards of professional conduct as set forth in this Manual are promulgated in order to enhance the performance of all persons engaged in public finance and to protect the Fridley community. Personal Standards. Employees shall demonstrate and be dedicated to the highest ideals of honor and integrity in all public and personal relationships to merit the respect, trust, and confidence of governing officials, other public officials, employees, and of the public. They shall devote their time, skills, and energies to their office both independently and in cooperation with other professionals. They shall abide by approved professional practices and recommended standards. Responsibility as Public Officials.Employees shall recognize and be accountable for their responsibilities as officials in the public sector. They shall be sensitive and responsive to the rights of the public and its changing needs. They shall strive to provide the highest quality of performance and counsel. They shall exercise prudence and integrity in the management of funds in their custody and in all financial transactions. They shall uphold both the letter and the spirit of the constitution, legislation, and regulations governing their actions and report violations of the same to the appropriate authorities. Professional Development. Employees shall be responsible for maintaining their own competence, for enhancing the competence of their colleagues, and for providing encouragement to those seeking to enter the field of government finance. They shall promote excellence in the public service. Professional Integrity–Information.Employees shall demonstrate professional integrity in the issuance and management of information. They shall not knowingly sign, subscribe to, or permit the issuance of any statement or report which contains any misstatement, or which omits any material fact. They shall prepare and present statements and financial information pursuant to applicable law and generally accepted practices and guidelines. They shall respect and protect privileged information to which they have access by virtue 5 472 Jufn!:/ of their office. They shall be sensitive and responsive to inquiries from the public and the media, within the framework of state or local government policy. Professional Integrity–Relationships.Employeesshall act with honor, integrity, and virtue in all professional relationships. They shall exhibit loyalty and trust in the affairs and interests of the government they serve, within the confines of this Manual. They shall not knowingly be a party to or condone any illegal or improper activity. They shall respect the rights, responsibilities, and integrity of their colleagues and other public officials with whom they work and associate. They shall manage all matters of personnel within the scope of their authority so that fairness and impartiality govern their decisions. They shall promote equal employment opportunities, and in doing so, oppose any discrimination, harassment, or other unfair practices. Conflict of Interest. Employees shall actively avoid the appearance of or the fact of conflicting interests. They shall discharge their duties without favor and shall refrain from engaging in any outside matters of financial or personal interest incompatible with the impartial and objective performance of their duties. They shall not, directly or indirectly, seek or accept personal gain which would influence, or appear to influence, the conduct of their official duties. They shall not use public property or resources for personal or political gain. Public Purpose Expenditure Policy The City Council recognizes that public funds may only be spent if the expenditure meets a public purpose as outlined in State law, case law of the Minnesota Supreme Court and opinions of the Minnesota Attorney General. The meaning of “public purpose” is constantly evolving. The Minnesota Supreme Court has followed a broad approach and has generally concluded that “public purpose” means an activity that meets all of the following standards: The activity will primarily benefit the community as a whole; The activity is directly related to functions of government; and The activity does not have as its primary objective the benefit of a private interest whether for–profit or not. This section is intended to provide guidelines regarding which expenditures are consistent with a public purpose(s) and authorized in accordance with the City’s annual budget process, and which expenditures are not considered within the public purpose definition and are therefore prohibited. 6 473 Jufn!:/ Responsibility Per Section 6.05 of the City Charter (Charter), the City Manager is the responsible authority overseeing all City expenditures and as such is the Chief Purchasing Agent for the City. Responsibility for administering and interpreting this Public Purpose Expenditure Policy has been delegated to the City Manager, or their designee. Further, all employees authorized by the City Manager or their respective Department Director to make purchases on behalf of their respective departments are responsible for complying with this Financial Management Policy Manual (Manual) and corresponding procedures. Expenditures of public funds must comply with the public purpose standards defined above. Permitted Expenditures for Meals and Refreshments Use of City funds for reasonable meals and/or refreshments for elected officials and employees shall be permitted in the following circumstances, upon City Manager approval: City–sponsored events of a community–wide interest where staff are required to be present (e.g., Town Hall Meeting); City Council, boards and commissions meetings held during the meal hour (e.g., City Council Conference Meetings, City Council Retreats); Professional association meetings, conferences, and training when meals are included as part of the registration or program fee, or in accordance with the travel and training section of this Manual; Annual employee recognition and appreciation events (e.g., service awards); Annual recognition events for volunteer and non-employees (e.g., volunteer appreciation lunch); City–sponsored training or work–related meetings where employees are required to participate and be available during the meal hour; Multi–departmental meetings scheduled during the meal hour; Work activities requiring continuous service when it is unreasonable to break for meals (e.g., election days, water main breaks, emergency snow removal, time–sensitive public safety responses); and Healthy snacks and incentives of modest value provided during safety, health and/or wellness programs for City employees. When reviewing an expenditure to verify the standards have been met, the City Manager, or their designee, should consider the time of day the event is held, the business purpose of the event, whether the event was intended to attract non–City employees, the frequency of the event, and the reasonableness of the cost. These guidelines address specific examples of public expenditures, but examples are not meant to be exhaustive. Other Permitted Expenditures Apart from meals and refreshments, the City Manager, or their designee, may permit the following expenditures: Recognition events or purchases (Minnesota Statutes § 412.221 and § 15.46); o Purchases for recognition at special one–time or annual events when provided at modest level (e.g., recognition plaques); 7 474 Jufn!:/ o Employee recognition programming for years of services for regular and permanent part–time employees that work 20 or more hours per week; Uniforms, clothing or apparel that is considered necessary for the performance of official duties, safety or for visible staff recognition by the public (e.g., safety footwear, eyewear for maintenance personnel); Staff time and equipment use for City–sponsored, employee events as approved by the City Manager as allowed by applicable regulations (e.g., set–up for annual employee picnic); Employee wellness programming; the City Council recognizes the importance of employee fitness and health as it relates to the overall work and life satisfaction of the employee and the overall impact on the City’s insurance programs. Special Events, including; o National Night Out/Night to Unite, Department Open Houses and other events that involve or invite participation by the general public; and o Expenditures for meals and participation fees are allowed, and representative staff members may participate in the events that directly benefit the marketing of the City, pursuant to Minnesota Statute § 469.101, subd. 16, and § 438.11. Employee Training, including the reasonable registration, tuition, meals and travel expenses for conferences, seminars, workshops, tuition and approved city employment related course work; Memberships and Dues; o Participation in the local Chamber of Commerce is allowed per Minnesota Statute § 469.191; o Cost of membership/dues in professional organizations and City social and community organizations when the purpose is to promote, advertise, improve or develop the City’s resources and relationships and not personal interest or gain; Clothing and other sundry items, such as t–shirts and other sundry items of nominal value when these items are made available to the general public or if these items are determined by the City Manager to be important to the successful involvement of employees in special, City–sponsored or City–supported events; City expenditures for non–profit organizations allowed by applicable State statutes, Minnesota Supreme Court case law, or opinions of the Minnesota Attorney General; Certificates and licensures that employees must hold and maintain on behalf of and for the benefit of the City; and Supplies for retirement and recognition events. Prohibited Expenditures Use of City funds for meals and/or refreshments for elected officials and employees are prohibited, including, but not limited to: Food and refreshments for routine work meetings, other than as identified in other sections of the Manual; Alcoholic beverages and tobacco products; Employee functions or celebrations that are solely social in nature (e.g., birthdays, holiday luncheon, ice cream social); Fundraisers for non–City related events (e.g., Chamber of Commerce); 8 475 Jufn!:/ Participation in optional activities unless included as part of an overall conference registration fee (e.g., optional golf rounds, concerts); Employee–sponsored fundraising events (e.g., charitable giving campaign); For funeral flower arrangements or other such gifts upon death of an employee, former employee, elected official or one of their family members; Clothing or apparel that is not considered necessary for safety or for visible staff recognition by the public (e.g., sweatshirts for a “job well done”); and/or Employee coffee and related consumable supplies, coffee services. Gift cards Permitted Use of Assets Specific City assets, such as equipment, may be used by City employees for personal reasons only when City has established the following: • Costs and wear resulting from use of the assets are reasonable and minimal; • Administrative controls are in place to ensure that the use is appropriate and not abused; and • There is a documented/demonstrated City benefit by such usage (e.g., such as the Mobile Device Policy or Information Security Policy) as approved by the City Manager or City Council. Such permitted use may include incidental and de minimis use of City–owned electronic equipment such as City–owned mobile devices and multi–function copiers. It may also include the use of City–owned vehicles provided to City employees as part of their official duties (e.g., Fire Duty Crew Officer, Public Works Supervisors). The limited personal use of City–owned assets shall be a privilege, and the City Manager or Department Director may end such practices specifically or generally in their sole discretion. Prohibited Use of Assets Examples of use of City assets for personal use is prohibited in the following circumstances: • City employees washing personal autos at the public works facility car wash or within City– owned spaces (e.g., fire stations); • Employees borrowing City–owned, non–motorized or motorized tools for personal use; and • Use that results in unreasonable costs and/or wear on City assets. Documentation All expenses allowed above must be fully documented. The expected documentation will include: date and time of the expenditure; business reason for the expenditure (e.g., agenda from a meeting); staff and non–city representatives in attendance, if appropriate; and a receipt for the actual purchase. Department Director or supervisor approval and written documentation is required for use of City assets. Failure to provide sufficient documentation may result in a denial of the expense. 9 476 Jufn!:/ Any expenditure for meals or refreshments that exceeds $250 for one event must have prior, written authorization by the City Manager, before the purchase is made. Failure to obtain the necessary authorization may result in denial of the claim. Special Requests From time to time, there may be an event that is a proper public expenditure, but that is not contemplated by this Manual. Departments must submit to the City Manager, or their designee, a request for such prior to a public expenditure in writing. This request must show how the expenditure is related to a public purpose as stated in this Manual, or other applicable laws or regulations. ExternalAuditorIndependence Policy The City will arrange for an annual audit of all funds and account types by independent, certified public accountant(s) that are qualified and licensed to issue such reports. In accordance with the Government Accountability Office (GAO), the authority on local government audits, in all matters relating to audit work, the external auditor shall be free both in fact and appearance from personal, external and organizational impairments to independence. The City’s external audit organization shall not be responsible for designing, developing and/or installing the City’s accounting system or its operating system where this system generates information used in preparing financial statements of the City. External auditors shall not develop a performance measurement system, or any other system relied upon in developing financial statements. External auditors may prepare draft financial statements, schedules or perform other duties as long as they are based on the City’s direction and the work results in a recommendation to management. Decisions based on the external auditor’s recommendations must be approved by the City Manager, or their designee. External auditors shall provide routine advice to the City and to management to assist them in activities such as establishing internal controls or implementing audit recommendations and answers to technical questions and provide training. However, they may not direct or unduly influence management with those decisions. Any non–audit work related to tax rulings, arbitrage, attestation, compilation, sales tax audits, counted value audits and financial report assistance proposed by the auditors, or for which the City wishes to hire them must be consistent with the purchasing provisions of this Manual. 10 477 Jufn!:/ BudgetaryandFinancialControls The City will establish and maintain the highest standard of accounting practices, in conformity with GAAP, Governmental Accounting Standards Board (GASB) guidance and recommended best practices as provided by the GFOA, along with all applicable laws and regulation governing the activities of a municipal corporation. Consistent with Section 7.05 of the Charter, the City shall maintain a structurally balanced budget, which includes the following: The City Manager shall submit a balanced budget in which appropriations do not exceed the total of the estimated revenues and available fund balance as outlined in this Manual; The City will avoid budgetary strategies or procedures that balance the current budget at the expense of future budgets; The City Manager will coordinate the development of the Capital Investment Program (CIP) with the operating budget, and include all estimated operating costs associated with CIP activities in the budget projections; and The budget will provide for the adequate maintenance and orderly replacement of all capital assets; and The City will not use short–term borrowing (i.e., less than five years), sell assets or use one– time accounting measures to balance the operating budget for any fund. General budgetary and financial control is to be centralized in one department, under the direction of the Director of Finance /City Treasurer (Finance Director) pursuant to Section 6.04 of the Charter, whose functions shall include, but not be limited to, the following: Debt management; CIP budget management and asset tracking; Cash management; Annual Comprehensive Financial Report (i.e., audit); Financial analysis; Grant accounting and management; General accounting; Investment management; Operating Budget preparation and monitoring; Payment of claims against the City; Payroll; Purchasing (consistent with Section 6.05 of the Charter); Special Assessments; and Utility Billing, revenue collection and all other receipting. The Finance Department will review, and update, the schedule of fund balances, reserves, and working capital in all other funds of the City, as needed, and determine adequacy of those cash and/or fund balances, using specified guidelines and criteria in conjunction with the budgets set annually. 11 478 Jufn!:/ The Finance Department will also monitor the performance of the Fridley Fire Relief Association through its City representatives, pursuant to Minnesota Statute § 424A.04. Operating Budget Policy The formal budgeting process provides the primary mechanism by which key decisions are made regarding the levels and types of services to be provided by the City, given the anticipated level of available funding sources. Primary responsibility in the management of budgeted funds lies with the Department Directors. Such management includes, but is not limited to, reviewing expenditures before authorization, reviewing monthly financial reports to detect errors and assess progress, and complying with the revenue and expenditure budgets authorized by the City Council. Department Directors will be responsible for administration of their assigned budgets, as determined by the City Manager, and are to submit requests for any required budget adjustments, such as supplemental appropriations, to the Finance Director before the project, program or service incurs cost during the budget period. Budget Development Process The City will utilize a “target based” service level approach to resource allocation. At the start of each budget development cycle (as determined by the City Manager or their designee), the City Manager, in consultation with the City Council, identifies budgetary targets and/or goals for each department and their program areas. Each program area, project or service will prioritize services and allocate resources accordingly. The City will attempt to maintain its present service level for all services identified as priority and/or essential, as determined by the City Manager, within available funding sources. The City will utilize procedures that allow departments to integrate priorities and objectives into the budget requests. All unfunded positions will be automatically removed from the proposed budget unless the Department Director requests the position remain appropriated due to potential future funds, such as an external grant. However, all budget assumptions and projections shall be determined by the Finance Director in consultation with the City Manager. The City will conservatively estimate and budget its annual expenditures and revenues through an objective and analytical process. All existing and potential revenue sources shall be reviewed on an at least an annual basis, and the total of the sums appropriated shall be less than or equal to the total estimated revenues by fund annually. When possible, the City shall maintain a margin of 3%, which shall be reflected in the budget as contingency or reserve and shall not exceed the level authorized by Section 7.08 of the Charter. 12 479 Jufn!:/ The City will publish the proposed budget on its official website at least 10 days prior to the adoption by the City Council. All publications and preparations of the annual budget documents shall be consistent with Sections 7.04 and 7.05 of the Charter. Any City enterprise funds are intended to be self–supporting (i.e., current revenues will cover current expenditures), including capital improvements, debt services and depreciation. Enterprise operations are to be reviewed annually for their self–sufficiency. Budget Compliance In order to maintain compliance with the annually adopted budget resolution(s), the City shall maintain a strict budget compliance program with the thresholds established annually by the City Council through the budget resolution. For the Operating Budget, ultimate budget adoption and compliance occurs at the department level. In order to ensure compliance, the City will consider budgetary compliance at the program level (i.e., personnel services, supplies, capital outlay). Consistent with Section 7.07 of the Charter, the authority to amend the current year budget shall be as follows: Description Amount Review Approval Increase to Overall Greater than $1 City Manager City Council Department Budget Inter–Department Greater than $1 City Manager City Council Amendments Program Level $175,000 or greaterCity Manager City Council Amendments (i.e., $25,000 to $174,999 Finance DirectorCity Manager intra–department) $10,000 to $24,999 Department Director Finance Director Up to $9,999 Department Director Under no circumstances may budget adjustments be split to avoid approval thresholds or limits. In order to effectuate a budget amendment, the Department Directors shall complete the Budget Amendment Form, which shall be maintained by the Finance Director. All approved budget amendments shall be subsequently included in the revised annual budget. Pursuant to Section 7.07 of the Charter, no expenditures may exceed the amounts authorized by the respective budget resolution, unless actual revenues exceed estimated revenues; and/or by identifying offsetting decreases in other areas of the budget. In order to maintain compliance with this section of the Charter, the City will strive to limit transfers within and among departments as outlined in this Manual. All costs incurred must be reasonable, necessary and for a bona fide public purpose. Pursuant to Section 7.06 of the Charter, “Any obligation incurred by an officer or City employee for any purpose not authorized in the budget resolution or for any amount in excess of the amount appropriated 13 47: Jufn!:/ in the budget resolution or in excess of available moneys in any fund of the City may be considered a personal obligation upon the person incurring the expenditure.” Department Directors shall be responsible for contacting the Finance Director should there be any questions regarding financial management or if the issue or concern is related to internal controls. The Finance Director will monitor overall operating and CIP budget progress routinely throughout the year. Performance Measurement and Use of Data The City integrates performance measurement and productivity indicators to measure operational performance where practical. Performance data for individual departments are included in the budget document. Performance data should be directly related to the goals and objectives of the unit and focus on results and accomplishments rather than inputs. Performance measures should provide a meaningful way to assess the effectiveness and efficiency of each operational unit. Capital Investment Program Policy A Capital Investment Program (CIP) will be developed for a period of up to five years. As resources are available, the most current year of the CIP will be incorporated into the annual budget. The CIP will be reviewed and updated annually. Years two through five are for planning purposes only and do not confer any official budget authority. Generally, the CIP will be composed of two parts 1) capital improvements; and 2) capital equipment. The City will identify the estimated cost and potential funding sources for each capital project proposal before it is submitted to the City Council for approval and in that process will determine the most effective financing method for the proposed project. All construction projects shall include at least a 10% contingency prior to receiving bids and at least 5% upon acceptance of the bid. The City will make all capital improvements in accordance with the adopted CIP, which may be amended by the City Council from time to time. To be considered in the CIP a project must have an estimated cost of at least $10,000 in one of the calendar years of the project. Projects may not be combined to meet the minimum standard unless they are dependent upon each other. Capital projects and/or capital asset purchases will receive a higher priority if they meet a majority of the following criteria: Mandatory project; Maintenance project; Improve efficiency; Provide a new or expand desired service; Positive effect on operation and maintenance costs; Availability of external grants; Elimination of hazards (i.e., improves public safety); Prior commitments; and/or 14 481 Jufn!:/ Replacement due to disaster or loss. In order to maintain compliance with the annually adopted budget resolution(s), the City shall maintain a strict budget compliance program with thresholds established annually by the City Council through the budget resolution. For the CIP, ultimate budget adoption and compliance occurs at the fund level. In order to ensure compliance, the City will consider budgetary compliance at the individual project level as outlined below: Description Amount Review Approval Increase to Overall Greater than $1 City Manager City Council Fund Budget Inter–Fund Greater than $1 City Manager City Council Amendments Project Level Greater than $175,000 City Manager City Council Amendments (i.e., $25,000 to $174,999 Finance DirectorCity Manager intra–fund) $10,000 to $24,999 Department Director Finance Director Up to $9,999 Department Director Under no circumstances may budget adjustments be split to avoid approval thresholds or limits. In order to effectuate a budget amendment, the Department Directors shall complete the Budget Amendment Form, which shall be maintained by the Finance Director. All approved budget amendments shall be subsequently included in the revised annual budget. The City will coordinate development of the CIP with the development of the operating budget. Future operating costs associated with the new capital improvements will be projected and included in operating budget forecasts. The City will maintain all its assets in a manner adequate to protect the City’s and its citizens’ capital investment and to minimize future maintenance and replacement costs. The City will provide for maintenance and replacement from current revenues where possible. The CIP is to be presented by the Finance Director annually to the City Council for approval. Any substantive change to the CIP not addressed in this Manual must be reviewed and adopted by the City Council. Capital Assets Policy Per GASB Statement No. 34, a Capital Asset is defined as the purchase of or improvement to land, easements, buildings, building improvements, vehicles, machinery, equipment, works of art and historical treasures, infrastructure, and all other tangible or intangible assets that are used in operations and that have initial useful lives extending beyond a single reporting period For this section of the Manual, the City shall use the following definitions: Inventory, an inventory of capital assets will be reviewed and updated annually; 15 482 Jufn!:/ Reporting, the capital asset inventory will be reported within the Annual Comprehensive Financial Report (in accordance with governmental accounting standards); Depreciation, all capital assets within the inventory (excluding land and easements) will be depreciated evenly based on their original or historical valuation over their estimated useful life. Asset Capitalization and Depreciation Tables The Citywill accountforallcapital assetsthathave auseful lifeof greaterthantwoyearswith values equal to or exceeding those in the following table: Asset Classification or Type Value Land$1 Vehicles $10,000 Machinery and Equipment $10,000 Furniture and Office Equipment $10,000 Recreation Equipment$10,000 Building and Building Improvements $25,000 Land Improvements $25,000 Infrastructure $50,000 Bulk Asset Purchase $100,000 The following ranges represent guidelines in setting estimated useful lives for capital asset reporting: Asset Classification or Type Depreciation LandNot depreciable Land Improvements Athletic fields and playfields 15 years Fencing 15 years Irrigation systems& outsidelighting 15 years Retainingwalls 10 years Parkinglots 20 years Landscaping (including trees & shrubs)10–15 years Easements Not depreciable Buildings and Building Improvements: Buildings 25–40 years Park Shelters 20 years Roofing, FireSprinkling, Electrical,Plumbing 20 years HVAC Systems 15 years Cabinetry andPermanent Furnishings10 years Well Rehab. andReconstruction5–20 Years 16 483 Jufn!:/ Cars,Vans,LightTrucks3–10years Medium/HeavyDutyTrucks8–16years FireTrucks15–25Years Machinery and Equipment Heavy Equipment(Sweepers, Loaders) 10–20 years Tractors 15 years Mowers 7–10 years Firefighting Equipment 10 years Other Equipment7–15 years WellPumpsandEquipment20–25Years Furniture and Office Equipment 3–10 years Recreation Equipment Playstructures 10 years Scoreboards 10 years Tennis and BasketballCourts20 years Information Technology Telecommunication Systems (e.g., Fiber Optic)25 years Servers, Network Switches and Firewalls 5 years Infrastructure Bridges 25 years Streets(includes curb and gutters) 25 years Sidewalksand Trails15years WaterDistribution50 years Sanitary Sewer Collection Mains and Lines50 years Lift Stations, Equipment&Liners 20–30 years Storm Water System Mains andStorm Ponds 50 years Catch Basins, Culverts, Manholes25 years Non–Structural BMPs10–25 years Structural BMPs 25–50 years Streetlights and Traffic SignalSystem 25 years Other Infrastructure20–50 years 17 484 Jufn!:/ Disposition of Capital Assets Capital Assets may be disposed of, in accordance with State guidelines, through the following methods: Sold by a public auction or advertisement for bids; Exchanged or “traded–in” for a replacement; Donated in a manner consistent with the Donation section of this Manual; Retired, recycled or placed in garbage (i.e., obsolete, broken items); and Salvaged, after the end of its useful life. Fiscal Agent Services Policy From time to time, the City, in order to support applicable public purposes or other community– wide benefits, may agree to provide fiscal agent services to an external organization. If the City determines such an arrangement would be in the best interest of both parties, the following Fiscal Agent Service Policy shall apply and control. Eligibility The City shall only provide fiscal agent services to a 501(c)(3) organization fulfilling a statutorily recognized public purpose or other community–wide benefit as determined by the City. All requests for fiscal agent services shall be reviewed on a case–by–case basis. If the City maintains a same or similar business relationships with other organizations, such relationships shall not be a basis for the approval or denial of any individual request. All fiscal agent services arrangements shall be governed by a written Fiscal Agent Services Agreement (Agreement) approved by the governing board of the external organization and the City Council. Any costs associate with the creation, review and implementation of this Agreement shall be borne by the external organization through a non–refundable, administrative fee as determined by the City. The City shall not provide fiscal agent services for any unincorporated associations or groups. It may also deny any request for fiscal agent services at any point prior to the approval and execution of the Agreement. Fiscal Agent Services Requirements The Agreement shall outline the type of assistances and services to be provided by the City. Generally, these services may be administrative, financial or legal in nature. The City may also provide access to insurance products and other services through its vendors. As a rule, the City will not provide programmatic assistance (e.g., providing staff for an event) or waive fees or similar costs charged to the general public (e.g., park shelter rental fee). All services outlined in the Agreement shall be conducted in a manner consistent with the legal requirements and best practices of the City, State, and applicable accounting standards. Any material changes, as determined by the City, in the activities of the external organization shall require the written approval of the City, and a subsequent modification of the Agreement by the 18 485 Jufn!:/ City Council. The City shall not provide any fiscal agent services associated with any unapproved activities, or activities not otherwise contemplated by the Agreement. The external organization shall support all costs associated with the fulfillment of the Agreement, including, but not limited to: annual audit requirements; interim reports and other requests for information; banking needs; daily and regular transactions and associated fees; amendments to the Agreement; legal services; insurance premiums; and other costs determined by the City to support the letter and spirit of the Agreement. The City may also charge up to a 5% administrative fee based on the total expenditures of the external organization annually in addition to the costs outlined above. On behalf of the external organization, the City, as the Fiscal Agent, shall establish and maintain a separate Fiduciary Fund to segregate applicable financial activities. The City shall only disburse, or release funds associated with such as account upon the written authorization of at least two parties, as identified in the Agreement, upon a form(s) determined by the City. The maintenance of all funds shall be consistent with the internal controls established for regular City business activities. The City will maintain all financial records associated with the external organization according to GAAP and OSA requirements, as well as any other applicable standards associated with the business activities of the external organization (e.g., grant covenants). The external organization shall support the cost of any employee trainings or certifications necessary to support its business activities. The Agreement shall also indemnify the City and allow the City Council to terminate upon a 90– day written notice. Additionally, if the City Council determines any illicit, illegal and/or disreputable activities on the part of the external organization, it may terminate the Agreement if the external organization either fails to or cannot remedy the situation(s) in 10 days. If the City terminates the Agreement, it shall provide all data and information to the external agency upon request and to complete required reports and submissions. 19 486 Jufn!:/ Cash and Investment Management In order to maintain compliance with applicable Federal regulations, State laws and Charter provisions, the City shall maintain the following standards with respect to cash and investment management. Forfeited AssetsPolicy The City receives property and money through law enforcement seizures under Federal Law 21USCS Section 881(e) and Minnesota Statutes, Sections 609.531–609.5317, and 169A.63. The City will use proceeds from these seizures as defined in State law and Department of Justice guidelines. Forfeited assets (e.g., property, cash) will be used: Only for law enforcement purposes; Only as a supplement to budgeted funds; or Not as a source to supplant ordinary operating expenses. The City will establish procedures to ensure the safekeeping of forfeited property and funds until such time as they are used for approved purposes. The City will use forfeited funds for appropriate Police and City Attorney purposes, including, but not limited to the following. Vehicles o Forfeited automobiles may be used to supplement the police fleet, but not to replace existing budgeted vehicles. o Unused vehicles will be stored, sold according to City policy, and the proceeds used according to this Forfeited Assets Policy. Other Property o May be used in ongoing Police and City Attorney operations. o Will be sold if no police use is imminent and cash proceeds used according to this Forfeited Assets Policy. Cash o Forfeited Funds activity budget will be presented for approval to the City Council with the regular City budget each year. o Unbudgeted, proposed purchases will be presented as a budget amendment consistent with the Operating Budget Policy of this Manual and Charter. Examples of Appropriate Uses of Cash • Vehicles may be rented that do not supplant vehicles normally provided through City funds; such vehicles are in addition to the regular fleet. • Equipment may be purchased providing it is not part of the regular budget. • Overtime may be paid provided it is unanticipated in the rest of the Police and City Attorney budgets. • Training costs in addition to those in the regular budget may be paid. 20 487 Jufn!:/ Examplesof InappropriateUses Purchasing any item(s) with forfeited funds that are already approved in the regular budget. Paying regular salaries or benefits from drug forfeiture funds but permitted for Driving Under the Influence (DUI) forfeiture fund as part of program operation. Purchasing anything for other City departments unless for a law enforcement purpose. Capital purchases previously approved for purchase with City funds. Fund Balance Policy The purpose of this Fund Balance Policy is to establish appropriate fund balance levels for each fund that is primarily supported by property tax revenues or user fees. These policies will ensure that adequate resources are available to meet cash flow needs for carrying out the regular operations of the City. The GFOA’s guiding principle for classifying the various components of fund balance is to indicate the extent to which the government is bound to honor constraints on the specific purposes for which amounts in the fund can be spent. Following governmental accounting standards, the City has three basic categories: governmental funds, proprietary funds, and fiduciary funds. This Fund Balance Policy applies only to the governmental categories. Government Accounting Standards Board Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, altered the categories and terminology used to describe the components of fund balance in the governmental funds (but it does not apply to the proprietary or fiduciary funds). The City’s governmental funds include the following fund types: General Fund; Special Revenue Funds; Debt Service Funds; and the Capital Projects Funds. For the purpose of GASB Statement No. 54 and thisManual, the following definitions shall apply to the types of fund balances: Fund Balance, the difference between assets and liabilities reported in a governmental fund; Non–Spendable Fund Balance, amounts that are not in a spendable form (e.g., prepaid items and inventories of supplies); resources that must be maintained intact pursuant to legal or contractual requirements are also considered non–spendable; Restricted Fund Balance, amounts subject to externally enforceable legal restrictions (e.g., creditors, grantors, contributors, and by law through constitutional provisions or enabling regulations); Unrestricted Fund Balance, the total of committed fund balance, assigned fund balance, and unassigned fund balance, as described below; Committed Fund Balance, amounts that can be used only for the specific purposes determined by a formal action of the government’s highest level of decision-making authority (i.e., City Council). Commitments may be changed or lifted only by the City Council taking the same formal action that imposed the constraint originally. The City 21 488 Jufn!:/ Council must act on these commitments before year end; Assigned Fund Balance, amounts a government intends to use for a specific purpose; intent can be expressed by the government body or by an official or body to which the governing body delegates the authority; and Unassigned Fund Balance, amounts that are available for any purpose in the General Fund. The City Council authorizes the Finance Director and/or City Manager to assign fund balances that reflects the City’s intended use of those funds. When both restricted and unrestricted resources are available for use, it is the City’s policy to first use restricted resources, and then use unrestricted resources as they are needed. When unrestricted resources are available for use, it is the City’s policy to use resources in the following order; 1) committed 2) assigned 3) unassigned. General Fund The General Fund is established to account for all revenues and expenditures which are not required to be accounted for in other funds. Revenue sources include property taxes, license and permit fees, fines and forfeits, charges for services, intergovernmental revenues, investment interest earnings and transfers. The General Fund will have committed fund balances at year end for any purchase order encumbrances and budget carryovers. The General Fund may have a portion of its fund balance classified as non–spendable if there are long term receivables, inventories, or prepaid items. The General Fund is the only fund that can have any unassigned fund balance. The City will strive to maintain an unassigned fund balance in the General Fund in the range of 35%–50% of the subsequent year’s budgeted expenditures. Since a significant source of revenue in the General Fund comes from property taxes, maintaining a fund balance that is equal to at least five months of operating expenditures ensures that sufficient resources are available to fund basic City functions between property tax settlements. This range is in conformance with guidance from the OSA. An assignment or restriction of fund balance may be used to offset revenues earned in one year where substantial services are required to be performed in the next fiscal period. Special Revenue Funds Special Revenue Funds are used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditures for specified purposes other than debt service or capital projects. Consistent with GASB Statement No. 54, substantial inflows of revenues into a Special Revenue Fund must be either restricted or committed in order for the fund to be considered a Special Revenue Fund. The table on the next page restricts/commits the Special Revenue Funds for the City. 22 489 Jufn!:/ Special Revenue Funds, Designations FundSpecial Revenue Source Restricted/Committed For Cable Television Cable Franchise FeesMarketing and Communication Activities Solid Waste Abatement Federal and State Grants, User Recycling Activities Fees Alcohol, Drug, Gambling Federal and State ForfeituresPolice Activities Forfeiture Police ActivityFederal, State and County Police Activities Grants Springbrook Nature CenterProperty Taxes and User FeesSpringbrook Nature Center Activities Solid Waste Abatement Fund. The Solid Waste Abatement Fund is a Special Revenue Fund that provides for curbside recycling pickup throughout the City, as well as recycling drop–off events during the year. It receives the majority of its funding from user fees. The fund balance for this fund shall be consider committed. The City will strive to maintain a fund balance in the Solid Waste Abatement Fund in the range of 10%–15% of the subsequent year’s budgeted expenditures. This lower percentage is deemed adequate since revenues are received monthly as part of the utility billing process. Springbrook Nature Center Fund. The Springbrook Nature Center (SNC) Fund pays for the ongoing operations of the SNC, as well as associated capital investment projects in concert with other City funds. Property taxes and user fees make up the majority of the revenues for this fund. The fund balances are both restricted and committed depending on the activity. The City shall consider any donations made for specific purposes but unexpended by the City as restricted. The portion of the fund balance comprised of user fees and property taxes shall be committed for use by the SNC. The City will strive to maintain a fund balance in the Springbrook Nature center Fund in the range of 35%–50% of the subsequent year’s budgeted expenditures. Cable Television Fund. The Cable Television Fund pays for the ongoing operations for cable television programming, community marketing and other communications, as well as capital investment projects required for broadcasting equipment. Franchise fees make up the majority of the revenues for this fund. This fund balances are both restricted and committed by the franchise agreements. The Public Education and Government (PEG) Fee revenues are restricted per the franchise agreement. The Cable Television Franchise Fees are committed. The City will strive to maintain afund balance in the Cable Television Fund in the range of 25%– 50% of the subsequent year’s budgeted expenditures. 23 48: Jufn!:/ Public Safety Support Fund.The Public Safety Support Fund administers grants and payments from a variety of intergovernmental agencies for public safety purposes. Payment from other agencies and grant proceeds make up the majority of the revenues for this fund. The fund balances for are both committed and restricted depending on the activity. For the Public Safety Data System Manager, the payments from Anoka County shall be committed. Any grant proceeds recorded in the fund shall be restricted. Given the type of activity supported by the fund, and the fact that external revenues support all of the costs associated with it, the City does not maintain fund balance policy for the fund. Forfeiture Funds.The City maintains three Forfeiture Funds, which payfor eligible purchases associated with applicable activities (e.g., drugs, alcohol enforcement) as outlined in Federal regulations and State law (e.g., DUI training). Assets forfeitedor seized due to criminal activities are recorded in this fund based on formulas established by either Federal regulations or State laws. Given that all allowable expenditures are controlled by law, all forfeited assets shall be considered restricted. Given the type of activity supported by the fund, the City does not maintain a fund balance policy for it. Debt Service Funds Debt service fund balances are considered restricted as they are resources that are being accumulated for payments of principal and interest maturing in current and future years. Capital Project Funds Capital project funds are used to account for and report financial resources that are restricted, committed, or assigned for capital outlays, including the acquisition or construction of capital facilities and other capital assets. They also accumulate funds for future, planned expenditures. The City shall consider all Capital Project Funds as assigned fund balances, except in the following circumstances: Long–term receivables, inventories, and prepaid items, which shall be non–spendable; Proceeds from the sale of bonds, and any Municipal State Aid held by the City or similarly designated funding, which shall be restricted; and Funds held for the Capital Equipment Fund and Community Investment Fund shall be committed. For any other activity, the City Manager or their designee shall determine the fund balance classification. Given the type of activities supported by these funds (e.g., one–time expenditures), the City does not maintain fund balance policies for each individual fund. 24 491 Jufn!:/ Enterprise Funds These funds were established to account for the operation of Water, Sanitary Sewer, Storm Water and Municipal Liquor operations which are designed to be self–supporting from user charges and fees. Water.This fund is used to account for the provision of water services for the customers of the City related to administration, operations and capital outlay. This fund is financed predominantly through user charges and fees. The City will strive to maintain a cash balance in the Water Utility Fund in the range of 50%–100% of the subsequent year’s budgeted operating expenses less depreciation, plus the subsequent year’s debt service and capital improvement obligations. Since a significant source of revenue in the Water Fund comes from user charges and fees, maintaining a cash balance in this range ensures that sufficient resources are available to fund basic City functions between receipts of user charges and fees. In addition, due to the mature water infrastructure within the City, a higher percentage of fund balance is prudent to address any potential issues. Sanitary Sewer. This fund is used to account for the provision of sanitary sewer collection and conveyance for the customers of the City related to administration, operations and capital outlay. This fund is financed predominantly through user charges and fees. The City will strive to maintain a cash balance in the Sanitary Sewer Utility Fund in the range of 50%-100% of the subsequent year’s budgeted operating expenses less depreciation, plus the subsequent year’s debt service and capital improvement obligations. Since a significant source of revenue in the Sanitary Sewer Fund comes from user charges and fees, maintaining a cash balance in this range ensures that sufficient resources are available to fund basic City functions between receipts of user charges and fees. In addition, due to the age of the sanitary sewer infrastructure within the City, a higher percentage of fund balance is prudent to address any potential issues. Finally, due to the volatility of charges from Metropolitan Council Environmental Services, and being it encompasses a significant portion of total expenditures, it is also prudent to keep a higher percentage of fund balance. Storm Water. This fund is used to account for the provision of storm water collection, conveyance and water quality management for the customers of the City related to administration, operations and capital outlay. This fund is financed predominantly through user charges and fees. The City will strive to maintain a cash balance in the Storm Water Fund in the range of 50%–100% of the subsequent year’s budgeted operating expenses less depreciation, plus the subsequent year’s debt service and capital improvement obligations. Since a significant source of revenue in the Storm Water Fund comes from user charges and fees, maintaining a cash balance in this range ensures that sufficient resources are available to fund basic City functions between receipts of user charges and fees. In addition, due to the age of storm water infrastructure and the potential for emergency events within the City, a higher percentage of fund balance is prudent to address any potential issues. 25 492 Jufn!:/ Municipal Liquor.This fund is used to account for the operations of the City’s off–sale liquor stores. This fund is financed predominantly through the sale of liquor and similar items. The City will strive to maintain a cash balance in the Municipal Liquor Fund in the range of 5%– 15% of the subsequent year’s budgeted expenses. Due to the correlation of sales to purchases of inventory, a lesser cash balance percentage is justifiable. This will ensure that sufficient resources are available to fund Municipal Liquor operations and future capital improvements. Carryovers and Encumbrances At year end, the City Council may approve purchase order encumbrances and budget carryovers in the form of a revised budget. Both the encumbrances and the budget carryovers will be considered committed fund balances upon approval of the City Council through the subsequent annual budget. Self–Insurance Fund Policy The City will maintain a separate Self–Insurance Fund within its financial structure to support the cost of certain insurance and risk management programs. The Self–Insurance Fund will be the first fund to respond to insurance premiums, claims and other costs, including those defending a claim against the City, which will allow the City to accept higher deductibles, thereby reducing the premiums paid on its insurance policies. It will also provide protection from fluctuating insurance premiums due to changes in the insurance markets. The City shall calculate, at least annually, an estimated working capital requirement for the Self– Insurance Fund. The working capital estimate should include the actual claims from the last three completed years, plus 50% for unexpected claims. If this analysis and formula determines the available working capital to be inadequate, the City Council shall transfer monies from other funds subject to its authority to satisfy the estimated amount. Generally, the City shall consider the proportionate share of claims by activity and/or department to address any funding shortfall. Claim payments will be made from the Self–Insurance Fund for all claims against the City. Contributions to the Self–Insurance Fund are calculated annually by considering premiums, claims history and other factors, such as the insured value of property and equipment, as well as the number of vehicles assigned to each department. The City Council may only transfer monies from the Self–Insurance Fund after at least three years of actual expenditures and claim experience, or a report from a qualified, external consultant, indicates excess funding. The fund balance will be reviewed each year during the annual budget preparation. The City Manager or Finance Director shall approve all Self–Insurance Fund activities, consistent with other sections of this Manual. The City will utilize the services of a professional Risk Manager, either on–staff or by contract, to administer a risk avoidance and mitigation program. The City will periodically conduct educational 26 493 Jufn!:/ safety and risk avoidance programs within the various departments. Staff will report to the City Manager, at least annually, on the results and costs of the risk management program for the preceding year. The City will conduct at least every five years, using external consultants, a comprehensive risk management study and will implement the corresponding recommendations for the improvement of risk management that are found to be feasible and cost–effective. The City will maintain the deductible amount considered prudent in light of the relationship between the cost of insurance and the City’s ability to sustain both per occurrence and annual loss costs. Planned drawdown of the Self–Insurance Fund below the estimated working capital level will be permitted for operational purposes to cover extraordinary expenditures or to reduce the impact of increasing premiums or claims experience. Reductions in the fund balance are meant to be temporary and must be resolved through rate adjustments, implementation of a new permanent revenue source or reduction in expenditure levels. Surplus fund balance above the minimum level may be used to defer or reduce payments needed to support risk management operations. Investment Policy This Investment Policy specifically outlines the investing philosophy and practices of the City and serves as a reference point for the management of City assets. It is the policy of the City to invest public funds in a manner which will provide for the following in order of importance: safety, liquidity and yield (i.e., return on investment) that conforms to all Federal, State and local regulations governing the investment of public funds. The purpose of this Investment Policy is to develop an overall program for cash investments management, including: a high degree of professionalism; to ensure public trust; to establish that elected and appointed officials and employees are fiduciaries of a portfolio, which shall be subject to public review; and to establish cash investment objectives, delegation of authority, standards of prudence, internal controls, authorized investments, selection process for investments, and broker representations. Scope This Investment Policy applies to all financial assets of the City. These funds are accounted for within the City’s Annual Comprehensive Financial Report and include: General Fund; Special Revenue Funds; Capital Project Funds; Debt Service Funds; Enterprise Funds; Internal Service Funds; Trust and Agency Funds; and Any new fund created by the City, unless specifically exempted by City Council; and/or falling under the constraints of a separate section of State law other than Chapter 118A. 27 494 Jufn!:/ Prudence Investments shall be made with judgment and care, under circumstances existing at the time the investment is made, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering probable safety of the capital as well as interest yield to be derived. The standard of prudence to be used by investment officials shall be the “prudent investor” standard and shall be applied in the context of managing the overall portfolio. Investment officers acting in accordance with written procedures and this Investment Policy and exercising due diligence shall be relieved of personal liability for an individual security’s credit risk or market price changes, provided deviations from expectations are reported in a timely fashion and appropriate action is taken to control adverse situations. Investment procedures developed for the Finance Department must be complied with by those with access to and management responsibilities for City investments, including any external investment managers, advisors, consultants, brokers and/or counterparties. Objective At all times, investments of the City shall be made in accordance with Minnesota Statutes Chapter 118A and amendments thereto. The primary objectives of the City's investment activities shall be in the following order of priority. Safety.Safety of principal is the foremost objective of the investment portfolio. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. The objective will be to mitigate credit risk, interest rate risk, and custodial risk. Credit Risk. Credit Risk is the risk of loss due to failure of the security issuer to make payments on time and/or in full. Credit Risk will be minimized by: Limiting investments to the type of securities listed in this Investment Policy; and Diversifying the investment portfolio so that the impact of potential losses from any type of security or from any one individual issuer will be minimized. Interest Rate Risk. Interest Rate Risk is the risk that the market value of securities in the portfolio will fall due to changes in general interest rates. The City will minimize Interest Rate Risk by structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity. The City has also established diversification guidelines and maturity limits to control the sensitivity of the portfolio to changes in interest rates. Custodial Risk. The City will minimize deposit Custodial Risk, which is the risk of loss due to failure of the depository bank (or credit union), by obtaining collateral or bond for all uninsured amounts on deposit, and by obtaining necessary documentation to show compliance with state law and a perfected security interest under federal law. 28 495 Jufn!:/ The City will minimize investment Custodial Risk by maintaining custody of securities and cash holdings with an eligible custodian(s) that meets statutory and Investment Policy requirements or with a Federal Reserve Bank. Investment Custodial Risk is the risk that in the event of failure of a custodian, such as a broker/dealer, the City will not be able to recover the value of its investment securities that are in possession of an outside party and in that party’s nominee name for which the City is a beneficial owner. Investments in investment pools and money markets are not evidenced by securities that exist in physical or book entry form, and therefore are not subject to custodial Credit Risk disclosures. Liquidity The City’s investment portfolio will remain sufficiently liquid to enable the City to meet all operating requirements that might reasonably be anticipated. The portfolio will be structured so that securities mature concurrent with cash needs to meet anticipated demands (i.e., static liquidity). Furthermore, since all possible cash demands cannot be anticipated, the portfolio should consist largely of securities with active secondary or resale markets (i.e., dynamic liquidity). Alternatively, a portion of the portfolio may be placed in money market mutual funds or local government investment pools which offer same day liquidity for short–term funds. Yield The City’s investment portfolio shall be designed with the objective of attaining a market rate return. Securities shall generally be held until maturity with the following exceptions: A security with declining credit may be sold early to minimize loss of principal and the risk the investment will no longer comply with the requirements of Minnesota statutes, chapter 118A; A security swap (simultaneous sale and purchase) would improve the quality, yield, or target duration in the portfolio; and Liquidity needs of the portfolio require that the security be sold. Trading Portfolio purchases will focus on holding investments until maturity to maintain securities at amortized value. Excessive investment portfolio turnover commonly referred to as “trading” or “overtrading” to obtain short–term gains is not consistent with the City’s stated investment objectives and will be prohibited. Delegation of Authority The investment program shall be operated in conformance with Federal, State, and other legal requirements. Authority to manage the City’s investment program is derived from the following: Minnesota Statutes Chapter 118 A, Deposit, and Investment of Local Public Funds; and Fridley City Charter Section 7.13, Receipts to go to City Treasurer. Management responsibility for the investment program is hereby delegated to the Finance Director, who shall establish written procedures for the operations of the Investment Program consistent with this Investment Policy. The Finance Director, with assistance from Finance Department, monitors performance of the investment portfolio, and ensures that proper internal 29 496 Jufn!:/ controls are developed to safeguard investments assets. Procedures should include reference to: safekeeping (custody), delivery versus payment (DVP), investment accounting, wire transfer agreements, collateral/depository agreements and banking service contracts. Such procedures shall include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this Investment Policy and the procedures established by the Finance Director. The Finance Director or Assistant Finance Director shall be responsible for all investment transactions and shall establish a system of controls to regulate the activities of subordinate officials and any external parties. Ethics and Conflicts of Interest Officers and employees involved in the investment process shall refrain from conducting personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions. Investment officials shall annually disclose to the City Clerk any material financial interests as required by State statute on an annual Statement of Economic Interest form. Employees and officers shall subordinate their personal investment transactions to those of the City, particularly with regard to the time of purchases and sales, and shall refrain from undertaking personal investment transactions with the same individual(s) with whom business is conducted on behalf of the City. Authorized Broker/Dealersand Investment Advisors The City will conduct investment transactions only with authorized broker/dealers that have met the following criteria: They act as primary or regional dealers that qualify under Securities & Exchange Commission (SEC) Rule 15C3-1 (Uniform Net Capital Rule); and Submit annually to the Finance Director an OSA Broker Certification Form. All broker/dealer relationships, providing they meet the above requirements, will be maintained at the discretion of the Finance Director. The purchase of all investments must be from institutional brokers. The City may enter into contracts with investment advisory firms at the discretion of the Finance Director when their services are deemed beneficial to the City. Any such firm must be registered under the Investment Advisor’s Act of 1940. The advisor may have authority to transact investments on behalf of the City and must comply with State statute and this Investment Policy. Authorized and Suitable Investments Based on the investment objectives as defined in this Investment Policy, the City will limit its investments to securities authorized under Minnesota Statute 118A and future revisions. Current statute allows the City to invest in the following: United States Securities including bonds, notes, bills, mortgages, or other securities that are direct obligations or are guaranteed or insured issues of the United States, its agencies, its instrumentalities, or organizations created by an act of Congress. Mortgage–backed securities that are defined as high risk or in certificates of deposit secured by letters of credit 30 497 Jufn!:/ issued by federal home loan banks are not permissible investments; General obligation of state or local governments with taxing powers rated A or better by a national bond rating services; Revenue obligations of state or local governments rated AA or better by a national bond rating service; General obligation of the Minnesota Housing Finance Agency, which is a moral obligation of the State of Minnesota, rated A or better by a national bond rating service; Any security which is an obligation of a school district with an original maturity not exceeding 13 months and (i) rated in the highest category by a national bond rating service or (ii) enrolled in the credit enhancement program pursuant to section 126C.55, Minnesota statutes. Certificates of Deposits (i.e., Time Deposits) that are fully insured by the FDIC or the NCUA; Bankers acceptances of United States banks rated with the highest short-term credit rating of any two Nationally Recognized Statistical Rating Organizations (NSROs), with a maximum maturity of up to 270 days from the date of purchase; Commercial paper issued by United States corporations or their Canadian subsidiaries that is rated in the highest rating category by at least two nationally recognized rating agencies and matures in 270 days or less; Money Market Mutual Funds provided such investment company is registered under the Federal Investment Company Act of 1940, and which holds itself out as a money market fund meeting the conditions of rule 2a-7 of the SEC and is rated in one of the two highest rating categories for money market funds by at least one nationally recognized statistical rating organization, or whose shares are registered under the Federal Securities Act of 1933, as long as the investment company’s fund receives the highest credit rating and is rated in one of the two highest risk rating categories by at least one nationally recognized statistical rating organization and is invested in financial instruments with a final maturity no longer than 13 months. Shares of a Minnesota joint powers investment trust whose investments are restricted to securities described under sections 118A.04, 118A.07 and subdivision 7, Minnesota statutes. In addition, the share value of the money market funds must be equal to $1.00. The Minnesota Municipal Money Market Fund (4M) that was established by the League of Minnesota Cities in 1987 to address the investment needs of Minnesota cities. Concentration of Credit Risk It is the intent of the City to diversify its investments and thereby reduce the risk of loss resulting from the over–concentration of assets in a specific maturity, issuer, institution or market sector. No more than 50% of the entity’s total investment portfolio will be invested in a single market sector and no more than 15% of the overall portfolio may be invested in the securities of a single issuer. The following investments are exempt from diversification restrictions: U.S. Treasury and Agency securities, Money Market Funds, Local Government Investment Pools and Deposits fully insured by the FDIC or NCUA. 31 498 Jufn!:/ Due to the fluctuations in the value of the portfolio, maximum percentages for a particular issuer or investment type may be exceeded at a point in time subsequent to the purchase or maturity of a particular security. Securities need not be liquidated to realign the portfolio; however, consideration should be given to this matter when future purchases are made. Given the smaller portfolio of the Housing and Redevelopment Authority (HRA), the above restrictions will be waived. Prudent judgment in regard to concentration of credit risk should still be exercised when possible. Collateralizations In accordance with Minnesota Statute 118a.03, financial institutions will be required to provide collateral on the following: Certificates of Deposits (i.e., Time Deposits); and Demand Deposits. The City chooses to limit collateral to the following U.S. government securities: Treasury Bills; Treasury Notes; Treasury Bonds; Federal National Mortgage Associations (FNMA); Federal Home Loan Bank (FHLB); Federal Farm Credit Bank (FFCB); Government National Mortgage Association (GNMA); and Federal Home Loan Mortgage Corporation (FHLMC). Deposits may additionally be collateralized by an irrevocable standby letter of credit issued by Federal Home Loan Banks. The underlying securities will be subject to periodic (i.e., monthly) market valuations to ensure there is no market exposure. In order to anticipate market changes and provide a level of security for all funds, the collateralization level will be 110% of market value of principal and accrued interest except that where the collateral is irrevocable standby letters of credit issued by Federal Home Loan Banks. The amount of collateral shall be at least equal to the amount on deposit at the close of the financial institution’s banking day. For cash deposits on–hand collateral will always be held by an independent third party with whom the City has a current custodial agreement. Clearly marked evidence of ownership (i.e., safekeeping receipt) must be supplied by the entity and retained. Collateralization shall be in the form of specific securities held for the City. The only exceptions are FDIC, Securities Investor Protection Corporation (SIPC) and pre–approved insurance coverage. The right of collateral substitution is granted, subject to approval from the Finance Director. Safekeeping and Custody The investment dealer or bank from which the security is purchased shall issue a confirmation ticket 32 499 Jufn!:/ to the City listing the specific instrument, issuer, coupon, maturity, Committee on Uniform Security Identification Procedures (CUSIP) number, purchase or sale price, transaction date, and other pertinent information. The financial service provider who executes the transaction on the City’s behalf, if any, shall deliver all securities on a delivery versus payment method (DVP) to the designated custodian. DVP is a way of controlling the risk to which securities market participants are exposed. Delivery of securities (i.e. the change in their ownership) is done simultaneously with payment. This means that neither the buyer nor the seller is exposed to the risk that the other will default. Investments, contracts, and agreements may be held in safekeeping with: Any Federal Reserve Bank; and Any bank authorized under the laws of the United States or any state to exercise corporate trust powers including, but not limited to, the bank from which the investment is purchased. A securities broker-dealer or an affiliate of it, that is registered as a broker-dealer under chapter 80A or is exempt from the registration requirements; is registered by the securities and exchange commission; and maintains insurance through the Security Investor Protection Corporation (SIPC) or excess insurance coverage in an amount equal to or greater than the value of the securities held. The City’s ownership of all securities should be evidenced by written acknowledgements identifying the securities by: The names of the issuers; The maturity dates; The interest rates; and Any CUSIP, serial numbers, or other distinguishing marks. The City may not invest in securities that are both uninsured and not registered in the name of the City and are held by either the counterparty or the counterparty’s trust department or agent, but not in the name of the City. Maximum Maturities To the extent possible, the City will attempt to match is investment maturities with anticipated cash flow liquidity demands (static liquidity). Portfolio maturities shall be staggered to avoid undue concentration of assets in a specific sector. Maturities selected shall provide for stability of income and reasonable liquidity. Because of the inherent difficulties in accurately forecasting cash flow requirements, a portion of the portfolio should be continuously invested in readily available funds such as local government investment pools, money market funds, or overnight repurchase agreements to ensure that appropriate liquidity is maintained to meet ongoing obligations. The City’s goal will be to have at least 50% of the City’s funds in each investment portfolio invested in securities maturing in 5 years or less, with no more than 50% of the City’s funds being invested in securities maturing from 5 to 10 years. Maturity is measured by average life, worst call date or expected life as opposed to final maturity. Maturities selected shall provide for stability of income and reasonable liquidity. Because of the 33 49: Jufn!:/ inherent difficulties in accurately forecasting cash flow requirements, a portion of the portfolio should be continuously invested in readily available funds such as local government investment pools and/or money market funds to ensure that appropriate liquidity is maintained to meet ongoing obligations. Internal Control The Finance Director is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft or misuse. The internal control structure shall be designed to provide reasonable assurance that these objectives are met. The concept of reasonable assurance recognizes that (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of the costs and benefits requires estimates and judgments by management. The City will engage an external auditor for an annual independent review to assure compliance with policies and procedures. Performance Standards The investment portfolio will be designed to obtain a market average rate of return during budgetary and economic cycles, considering the City’s investment risk constraints and cash flow needs. The investment portfolio will be structured to meet specific criteria addressing safety, liquidity and yield. The City’s reporting system will provide information concerning cash position, investment performance, and percentage of the portfolio that is invested by security issuers and maturity structure. Market Yield/Benchmark The City’s investment strategy is conservative. Under this conservative philosophy, the City will purchase investments that fit in accordance with this policy. Given this strategy, the Finance Director may establish benchmarks, as appropriate, based on the investment needs of the City. Reporting The Finance Director shall provide at least quarterly reports to the City Manager on the investment activity and returns of the City, which will include: security diversification information, maturity breakdowns and investment earnings, and a brief summary of current economic conditions affecting the portfolio. The City will also report this information as part of the Annual Comprehensive Financial Report. Community Investment Fund Policy The City acknowledges the limited financial resources available to support various capital projects throughout the community, such as improvements to park and recreation facilities, and public utilities. As such, this Community Investment Fund Policy shall create and provide guidance regarding the use of a Community Investment (CI) Fund to support capital project costs. Generally, the CI Fund shall be used to issue interfund loans to support the cost of long–term 34 4:1 Jufn!:/ improvements to utilities owned and operated by the City. Upon repayment, the interest income earned on those interfund loans will be used to support the cost of park and recreation improvements throughout the City. Through this CI Fund Policy, the fund shall provide meaningful cost savings for the City, and a funding source for park and recreation projects for the foreseeable future. General Guidelines and Requirements For the purposes of this CI Fund Policy, the following guidelines and requirements shall control the operation and use of the fund. Fund Created. The City created a Capital Project Fund called the “Community Investment Fund,” effective December 31, 2018. Eligible Revenues and Funding Sources. The following funding sources shall be deposited or transferred into the Fund: • All assets of the “Closed Bond” Funds and “Improvement Bonds of the Future” Fund as of December 31, 2018; • Any repayments as the result of interfund loans issued by the CI Fund; • All interest and investment earnings of the CI Fund; • Any unassigned fund balance of the General Fund in excess of upper threshold (i.e., 50%) established by the Fund Balance Policy of this Manual as determined by June 30 annually; • Any fees, excluding reimbursements for City staff time, obtained through the issuance of Private Activity Bonds (i.e., Conduit Bonds); • Any unanticipated proceeds or payments to the City, except for those controlled by Section 12.06 of the City Charter; and • Any other monies appropriated by the City Council and/or donated to the Fund. Eligible Costs and Expenditures The CI Fund shall be used exclusively to support the capital and debt service expenditures related to public utilities, pursuant to Section 11.01 of the City Charter. Additionally, the CI Fund may be used to support capital costs, but not debt service or interfund loans, associated with park and recreation improvements, including, but not limited to: cultural or civic improvements; natural resources restoration; park and trail construction; and deferred maintenance related to any of these activities. Generally, the projects shall provide a community–wide benefit for the City. The CI Fund may not be used to support any operating costs of the City. The City may only expend CI Fund assets pursuant to the following regulations: Any such project must also be authorized as part of the CIP as adopted by the City Council annually, or from time to time; The City Council adopts a resolution stipulating the structure and terms of any interfund loan, pursuant to Section 7.10 of the City Charter, originating from the Fund; and The project meets or exceeds the requirements of other sections of this CI Fund Policy. 35 4:2 Jufn!:/ The Finance Director may authorize any transfers from the CI Fund to support park and recreation improvements provided the amount does not exceed the amount authorized in the CIP and the Fund’s Cash Flow Projection or violate other sections of this Manual. The limitations imposed in the sections above do not apply to reasonable expenditures necessary for the administration of the CI Fund. Additionally, it may be used for emergency and disaster purchases consistent with the Purchasing Policy of this Manual, and Section 6.06 of the Charter. Debt Service The Fund may be used to support the payment of debt service (i.e., bonds) for qualifying capital costs, subject to the following limitations: • The total annual debt service payments do not exceed more than 50% of the ensuing years’ eligible and available revenues as defined below; and • Available revenue consists of total revenue derived from the aforementioned eligible revenues and funding sources, less any amount allocated for the accumulation of a Minimum Fund Balance. Minimum Fund Balance The Minimum Fund Balance must be estimated on a 10–year horizon. In order to accumulate a minimum fund balance and maintain the long–term solvency of the Fund, the Minimum Fund Balance will be as follows: • During Fiscal Year 2019 through 2022, the Fund shall maintain a Minimum Fund Balance of $300,000; • During Fiscal Year 2023 through 2025, the Fund shall maintain a Minimum Fund Balance of $500,000; and • Beginning in Fiscal Year 2026, and for all years thereafter, the Fund shall maintain a Minimum Fund Balance of $1,000,000. Administrative Considerations All agreements, applications, permits or other documents required under this CI Fund Policy shall be provided in a form(s) as determined by the City Manager or their designee. 36 4:3 Jufn!:/ Debt Management Debt Management Policy One of the keys to sound financial management is the development of a Debt Management Policy. This need is recognized by bond rating agencies and development of a debt policy is a recommended practice of the GFOA. A debt policy establishes the parameters for issuing debt and managing the debt portfolio. It provides guidance to the administration regarding purposes for which debt may be issued, types and amounts of permissible debt and method of sale that may be used. It helps ensure fiscal responsibility and promotes financial sustainability. The following Debt Management Policy is intended to demonstrate a commitment to long–term financial planning in conjunction with the CIP for the City. Debt Issuance Guidelines The City will confine long–term borrowing to capital improvements, or projects that have a useful economic life of more than five years and cannot be financed from current revenues. As a general rule, the City will not use debt or similar financial instruments to acquire machinery and/or capital equipment, except for as part of the expansion or construction of a City facility. For the purpose of this Debt Management Policy, current revenues are defined to include that portion of fund balance in excess of appropriate required reserves and designations. The City will endeavor to keep the total maturity length of general obligation bonds at or below 20 years and at least 50% of the principal shall be retired within 10 years. In all cases, the maturity shall be shorter than the useful life of the related asset(s). The City will prepare annually a five–year CIP, which will be approved by the City Council. The CIP will include an analysis of the City’s infrastructure and other capital needs, and their corresponding financial impact and any associated debt service. The City will not issue any long–term debt to support operating activities nor will it consider debt issuance outside of the adopted CIP, except in the case of a financial emergency consistent with the definition and processes outlined in Chapter 7 of the Charter. The City will analyze each project and the proposed debt financing to determine the tax impact and future operating costs associated with the project and related debt issuance costs. The City Council shall authorize, approve and appropriate all debt related proceeds. The City will plan bond issues to minimize the frequency of issuance to ensure the lowest possible costs of issuance and administrative/compliance costs. When determining the size of a bond issue, the City will consider the need for construction, debt service and capitalized interest funds. The City will prepare construction fund draw schedules in conjunction with CIP planning. The City’s preferred method of sale of bonds is via competitive sale to underwriters; however, the City may sell bonds via a negotiated sale, private placement, or other method if deemed 37 4:4 Jufn!:/ advantageous. The City shall on all occasions comply with the requirements of Minnesota statutes, Chapter 475 with respect to method of sale and the use of an independent municipal advisor. Total net general obligation debt, which is generally defined as debt fully supported by property taxes, will not exceed the statutory limit as required by Minnesota Statute § 475.53. The total debt levy will not exceed 50% of the total property tax levy in any given year. Where possible and cost– effective, the City will use revenue, including General Obligation backed revenue bonds, or other self–supporting type bonds instead of General Obligation Bonds. The City will maintain frequent and regular communications with bond rating agencies about its financial condition and will follow a policy of full disclosure in every financial report and bond prospectus. The City will comply with SEC reporting requirements. Interfund borrowing for periods of more than one year shall only be undertaken for capital expenditures. A reasonable payment schedule for repayment of the borrowed amounts and enforceable covenants, established to ensure recourse if the schedule is not adhered to, shall be approved by the City Council. Interest charges shall be included to compensate the originating fund for the use of its financial resources. Interest charges for interfund loans utilizing tax increment borrowing will follow Minnesota Statutes, Section 469.178, Subd. 7. For interfund borrowing involving the CI Fund, please see the applicable section of this Manual. Debt Issuance Types The City may issue general obligation debt for capital or other properly approved projects. Where possible and cost–effective, the City will use special assessment, revenue, or other self–supporting bonds instead of General Obligation Bonds. The City may issue revenue bonds to fund proprietary fund activities such as water, sanitary sewer and storm water utilities as well as the municipal liquor store(s) or for other capital projects that generate adequate revenues from user fees to support operations and debt service requirements. The bonds will include written legal covenants, which require that revenue sources be adequate to fund annual operating expenses and annual debt service requirements. The City may issue tax increment bonds to fund public improvements or for economic development (i.e., private). All Tax Increment Financing (TIF) proposals shall include a financial impact analysis addressing the economic relationship of the proposed project to the City’s estimated tax rates, service costs, and employment opportunities. If General Obligation TIF Bonds are proposed, there shall be a review and opinion by the City’s Financial Advisor regarding structuring the issue and the adequacy of the tax increments to retire the debt. Capital leases may be used to purchase buildings, equipment, furniture and fixtures. The term of any capital lease shall not exceed the useful life of the leased asset. Lease financing and master lease obligations, including lease revenue bonds, may be considered as alternative financing sources, consistent with the Charter. 38 4:5 Jufn!:/ Refunding of Debt The City will refund debt when it is in the best financial interest of the City to do so. Debt Service Savings.When a current or advance refunding areundertaken to generate interest rate cost savings, the minimum aggregate present value savings will be 3% of the refunded bond principal amount. The present value savings will be net of all costs related to the financings. Term of Refunding Issues. The City will refund bonds within the term of the originally issued debt. However, the City may consider maturity extension, when necessary to achieve a desired outcome, provided that such extension is legally permissible. The City also may consider shortening the term of the originally issued debt to realize greater savings. The remaining useful life of the financed project or facility should be considered in this decision. Arbitrage.The City shall take all necessary steps to optimize escrows and to avoid negative arbitrage in its refunding. Private Activity or Conduit Bonds Policy The City has been granted the power to issue private activity or conduit revenue bonds, and other conduit revenue obligations, under Minnesota Statutes, § 469.152–469.165, as amended, and Minnesota Statutes, Chapter 462C, as amended (Conduit Bonds Acts). It is the judgment of the City Council that tax–exempt financing is to be used on a selective basis to encourage certain development or project that offer a benefit to the City as a whole, including significant employment and housing opportunities. It is the applicant’s responsibility to demonstrate the benefit to the City, both in writing and at the required public hearings. Although approval may have been granted by the City Council for the issuance of financing for a similar project or a similar debt structure, it shall not be a basis upon which approval will be granted. Each application will be judged on the merits of the project as it relates to the authorized public purposes, the Conduit Bonds Acts, and the benefits to the City at the time of the request for financing. Criteria The proposed project must be compatible with the overall development plans and objectives of the City as outlined in the Comprehensive Plan or other duly adopted actions, resolutions and/or ordinances of the City Council. It is also the City’s intent to assist in business expansions or relocations within the City where it can be shown that such would have a substantial, favorable impact on employment, qualified housing or the Property tax base of the City. The project must not put an undue burden on existing City services or public utilities beyond that which can be reasonably and economically accommodated, as determined by the City Engineer or their 39 4:6 Jufn!:/ designee. Additionally, the applicant shall not place the City in competition with other jurisdictions or political subdivisions for project financing. Any and all bonding and bonding authority shall be available on a first–come, first–served basis, assuming the applicant(s) in question meet the other criteria and procedures outlined in this section of the Manual. The applicant must have a good financial standing, show a substantial net worth, equity in the project, or both, and have an acceptable earnings history or pro forma. Proposed projects are to show in the application for financing an owner equity or other collateral (such as a Letter of Credit, insurance company guarantee, or similar security), which will be satisfactory to the end–lender or rating agency, all determined with reference to total project costs. The applicant will also file with the City, if requested, a final statement of total costs and project equity, certified to by an authorized officer or partner, or the individual applicant, and said statement to be filed at time of requesting the final resolution. Debt will be considered sold in a private placement if 1) no advertising or solicitation of the general public occurs, and 2) if the bonds are initially sold to not more than ten purchasers (not including any underwriter or placement agent as a purchaser); and 3) the City receives written certification from each initial purchaser (or each underwriter or placement agent based on its reasonable belief) that: 1) such purchaser has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and the risks of the debt; and 2) such purchaser is not purchasing for more than one account or with a view to distributing the debt. ddition, for a private placement either 1) all bonds or notes (except for one bond or note) must In a always remain in minimum denominations of not less than $100,000, or (2) investment letters from each initial purchaser, and from any subsequent purchaser, must be obtained and contain the above described certifications from the purchasers. Any offering material for a private placement must prominently state in effect that: “THE CITY OF FRIDLEY, MINNESOTA HAS NOT ASSUMED ANY RESPONSIBILITY TO REVIEW THIS OFFERING MATERIAL AND HAS NO RESPONSIBILITY FOR ITS ACCURACY OR COMPLETENESS. THE CITY HAS NO FINANCIAL OBLIGATION OF ANY NATURE WITH RESPECT TO THE OFFERED BONDS,” or such other language to the same force and effect mutually agreeable to the borrower/obligated party and the City. Finally, to qualify as a private placement the financing documents must require annual financial statements from the benefited private party (or the ultimate provider of credit) to be delivered to each investor, or a trustee, and the City as the issuer. Applications for acquisition or replacement of machinery and equipment will be discouraged unless in conjunction with a new business in the City, a physical plant expansion of an existing business, or where it is shown that the equipment acquisition is essential to the continued operation of the business. Procedures The applicant shall make an application for financing on forms determined by the City Manager, 40 4:7 Jufn!:/ or their designee. The completed application must be returned to the City, accompanied by the processing fee as determined by the City, whereupon the application will be reviewed by staff for possible consideration by the City Council. Specific findings shall be made and recited regarding the criteria as well as satisfaction of public purposes of the Conduit Bonds Acts, of other applicable Federal regulations and/or State statutes. The applicant must select a qualified financial adviser or underwriter to assist the applicant in preparing all necessary application documents and materials. Applications must include a signed letter from a responsible financial institution indicating that the project is economically feasible and viable, and stating that bonds can be successfully sold for the project or that an individual or institution intends to purchase all of the bonds. Financial material submitted also include the most recent fiscal year–end, audited financial statements of the applicant and/or of any major lessee tenant, if readily available. The applicant must receive approval from the appropriate State agencies, secure financing and commence construction within one year of the date of the final resolution giving approval to the project or the housing program. Upon application, the City Council may approve an extension of the approval. The applicant shall furnish along with the application, a description of the project, plat plan (if needed), rendering of proposed buildings, and a brief description of the applicant, all in such form as shall be required at the time of application. This data may be furnished to other staff, appropriate consultants and members of the City Council. The application shall not be considered complete until a review by the City regarding applicable City Code requirements, including, but not limited to: building plans and platting issues; street and traffic issues; zoning compliance; and public utility and drainage issues. The review shall consider both existing and improved conditions of the proposed project. A failure to address these findings and requirements, or failure to demonstrate a capability to reasonably remediate the same in a timeline determined by the City, may result in the denial of the application. If an allocation of bonding authority is required under Minnesota Statutes, Chapter 474A, as amended, the applicant shall be required to pay any required application fee(s) and provide any required application deposit as specified in Chapter 474A, without regard to whether the application fee or application deposit will be refunded. If the City shall serve as a pass–through for any such deposit refunds, it shall process the same in ten business days of receipt. Administrative The City Council reserves the right to deny any application for financing for any reason, and at any stage of the proceedings, prior to adopting the final resolution authorizing issuance of the private activity or conduit financing. The City Council may waive any provision of this Conduit Bonds Policy if the City Council determines that such waiver is in the best interests of the City. The City is to be reimbursed, and held harmless, for and from any “out–of–pocket” costs related to 41 4:8 Jufn!:/ the actual or proposed issuance of bonds contemplated by this Manual. In addition, a non– refundable processing fee as determined by the City’s Comprehensive Fee Schedule must be submitted with the application. Upon closing, an Administrative Fee is due and payable to the City based on the following schedule: 1/8 of 1% annually of the outstanding principal for the life of the bond issue; or Up to 1% of the par amount of the bond. Any costs incurred by the City will be recovered at the time of settlement or through scheduled payments collected by the Fiscal Agent. Requesting organizations must pay for any City expenses for Bond Counsel, Financial Advisor and any similar costs related to any financing, which shall be in addition to the Administrative Fee. The Administrative Fee is to be paid from proceeds of the Bonds or other sources on the date of issuance of the bonds or may be paid to the fiscal agent with each debt service payment. The applicant will be responsible for all costs associated with post– issuance compliance monitoring per this Manual, including the costs of the City in responding to any Internal Revenue Service (IRS) or other legal inquiries regarding the tax–exempt status of the bonds. The applicant shall covenant in the applicable bond documents to comply with all applicable requirements of the Internal Revenue Code of 1986, as amended (Code), and the applicable Treasury Regulations, including, but not limited to: The arbitrage and rebate requirements of Section 148 of the Code; and The qualified bonds provisions of Sections 141(e), 142, 143, 144, and 145 of the Code. The applicant shall be the party responsible for monitoring the private activity or conduit bonds for compliance with such requirements and to remediate non–qualified bonds in accordance with the requirements of the Code and applicable Treasury Regulations. The applicant shall be the party responsible for monitoring compliance with the requirements of Section 148 of the Code, and all other requirements outlined in the Post–Issuance Compliance Policy and Procedures of this Manual. The first $10,000,000 in bonding authority annually, the maximum allowed for designation as “bank qualified,” will be reserved for City purposes. To preserve its bank qualification authority, the City will only consider issuing these types conduit obligations when its needs have been fully understood. Should the City exceed the bank qualified limit, the borrower in question must pay the City the net present value between the bank qualified and non–bank qualified rates. The City’s Financial Advisor shall provide this calculation, if needed. All applications, supporting materials and documents shall remain the property of the City; and all such materials may be subject to disclosure and/or public review under applicable provisions of State law. Additionally, the applicant shall assist the City with any Minnesota Government Data Practices Act request(s), including paying for any applicable compliance costs determined by the City. The Finance Department shall report any and all private activity or conduit debt issues in the Annual 42 4:9 Jufn!:/ Comprehensive Financial Report in accordance with GAAP and shall report any material events with regard to all debt issued by the City, and still outstanding, to the City Council. Post–Issuance Debt Compliance Policy The City Council has chosen, by policy, to take steps to help ensure that all obligations will follow all applicable federal regulations. This Post–Issuance Debt Compliance Policy may be amended, as necessary. The IRS is responsible for enforcing compliance with the Internal Revenue Code (Code) and regulations promulgated thereunder (Treasury Regulations) governing certain obligations (e.g., tax-exempt obligations, Build America Bonds, Recovery Zone Development Bonds and various Tax Credit Bonds). The IRS encourages issuers and beneficiaries of these obligations to adopt and implement a post–issuance debt compliance policy and procedures to safeguard against post– issuance violations. Post–Issuance Debt Compliance The City desires to monitor these obligations to ensure compliance with the Code and Treasury Regulations. To help ensure compliance, the City has developed the following Post–Issuance Debt Compliance Policy. The Post–Issuance Debt Compliance Policy shall apply to the obligations mentioned above, including bonds, notes, loans, lease purchase contracts, lines of credit, commercial paper or any other form of debt that is subject to compliance. The Finance Director is designated as the City’s agent who is responsible for post–issuance compliance of these obligations. The Finance Director shall assemble all relevant documentation, records and activities required to ensure post–issuance debt compliance as further detailed in corresponding procedures. At a minimum, the Post–Issuance Debt Compliance Procedures for each qualifying obligation will address the following: General post–issuance compliance; Proper and timely use of obligation proceeds and obligation-financed property; Arbitrage yield restriction and rebate; Timely filings and other general requirements; Additional undertakings or activities that support the items listed above; Continuing Disclosure Obligations; Maintenance of proper records related to the obligations and the investment of proceeds of obligations; and Other requirements that become necessary in the future. The Finance Director shall apply the Post–Issuance Debt Compliance Procedures to each qualifying obligation and maintain a record of the results. Further, the Finance Director will ensure that the Post–Issuance Debt Compliance Policy and Procedures are updated on a regular and as needed basis. 43 4:: Jufn!:/ The Finance Director, or any other individuals responsible for assisting the Finance Director in maintaining records needed to ensure post–issuance debt compliance, are authorized to expend funds as needed to attend training or secure use of other educational resources for ensuring compliance such as consulting, publications, and compliance assistance. Most of the provisions of this Post–Issuance Debt Compliance Policy are not applicable to taxable governmental obligations unless there is a reasonable possibility that the City may refund their taxable governmental obligation, in whole or in part, with the proceeds of a tax–exempt governmental obligation. If this refunding possibility exists, then the Finance Director shall treat the taxable governmental obligation as if such issue were an issue of tax–exempt governmental obligations and comply with the requirements of this Post–Issuance Debt Compliance Policy. Private Activity or Conduit Bonds The City may issue tax–exempt obligations that are qualified “private activity” bonds because either (1) the bonds finance a facility that is owned by the City but used by one or more qualified 501(c)(3) organizations, or (2) the bonds are so-called “conduit bonds”, where the proceeds are loaned to a qualified 501(c)(3) organization or another private entity that finances activities eligible for tax-exempt financing under federal law, such as certain manufacturing projects and certain affordable housing projects. Prior to the issuance of either of these types of bonds, the Finance Director shall take steps necessary to ensure that such obligations will remain in compliance with the requirements of this Post–Issuance Debt Compliance Policy. In a case where compliance activities are reasonably within the control of a private party (i.e., a 501(c)(3) organization or conduit borrower), the Finance Director may determine that all or some portion of compliance responsibilities described in this Post–Issuance Debt Compliance Policy shall be assigned to the relevant party. In the case of conduit bonds, the conduit borrower will be assigned all compliance responsibilities other than those required to be undertaken by the City under federal law. In a case where the Finance Director is concerned about the compliance ability of a private party, the Finance Director may require that a trustee or other independent third party be retained to assist with record keeping for the obligation and/or that the trustee or such third party be responsible for all or some portion of the compliance responsibilities. The Finance Director is additionally authorized to seek the advice, as necessary, of bond counsel and/or its financial advisor to ensure the City follows this Post–Issuance Debt Compliance Policy. For additional information regarding other private activity bonds, please see the Private Activity or Conduits Bonds Policy section of this Manual. Post–Issuance Debt Compliance Procedures The Post–Issuance Debt Compliance Policy applies to qualifying debt obligations issued by the City. As directed by the adoption of the Post–Issuance Debt Compliance Policy, the Finance Director of the City will perform the following Post–Issuance Debt Compliance Procedures for all of the City’s outstanding debt. 44 511 Jufn!:/ General Post-Issuance Compliance These procedures provide written regulations when more than one party is responsible for ensuring compliance. These procedures also ensure training and/or educational resources for post–issuance compliance have been approved and obtained. The Finance Director understands that there are options for voluntarily correcting failures to comply with post–issuance compliance requirements, such as remedial actions under Section 1.141-12 of the Treasury Regulations and the ability to enter into a closing agreement under the Tax–Exempt Bonds Voluntary Closing Agreement Program described in Notice 2008-31 (VCAP Program). General Recordkeeping The responsible parties shall retain records and documents for the obligation and all obligations issued to refund the obligation for a period of at least seven years following the final payment of the obligation (or if such obligation is refunded, the final payment of the refunding bond) unless otherwise directed by the City’s bond counsel. The responsible parties shall also retain both paper and electronic versions of records and documents for the obligation. General records and documentation to be assembled and retained: Description of the purpose of the obligation (referred to as the project) and the State statute authorizing the project; Record of tax–exempt status or revocation of tax–exempt status, if applicable; Any correspondence between the City and the IRS; Audited financial statements; Bond transcripts, official statements, and other offering documents of the obligation; Minutes and resolutions authorizing the issuance of the obligation; Certifications of the issue price of the obligation; Any formal elections for the obligation (i.e., election to employ an accounting methodology other than the specific tracing method); Appraisals, demand surveys, or feasibility studies for property financed by the obligation; Documents related to governmental grants, associated with construction, renovation or purchase of property financed with the obligation; and Reports of any prior IRS examinations of the City or the City’s obligation. Arbitrage Yield Restriction and Rebate Recordkeeping The following investment and arbitrage documentation shall be assembled and retained. An accounting of all deposits, expenditures, interest income and asset balances associated with each fund established in connection with the obligation. This includes an accounting of all monies deposited into the Debt Service Account to make debt service payments on the obligation, regardless of the source derived. Statements prepared by Trustee or Investment Provider. Documentation of at least quarterly allocations of investments and investment earnings to each obligation (i.e., un–commingling analysis). Documentation for investments made with obligation proceeds, such as: 45 512 Jufn!:/ o Investment contracts (i.e., guaranteed investment contracts); o Credit enhancement transactions (i.e. bond insurance contracts); o Financial derivatives (i.e., swaps, caps); o Bidding of financial products (i.e., investments acquired with obligation proceeds are purchased at fair market value); and Three bids for open market securities needed in advance refunding escrows). Computations of the arbitrage yield. Computations of yield restriction and rebate amounts including but not limited to: o Compliance in meeting the “Temporary Period from Yield Restriction Exception” and limiting the investment of funds after the temporary period expires; o Compliance in meeting the “Rebate Exception;” Qualifying for the “Small Issuer Exception;” Qualifying for a “Spending Exception;” 6–Month Spending Exception; 18–Month Spending Exception; 24–Month Spending Exception; Qualifying for the “Bona Fide Debt Service Fund Exception;” and Quantifying arbitrage on all funds established in connection with the obligation in lieu of satisfying arbitrage exceptions, including Reserve Funds and Debt Service Funds. Computations of yield restriction and rebate payments. Timely Tax Form 8038–T filing, if applicable. o Remit any arbitrage liability associated with the obligation to the IRS at each five year anniversary date of the obligation, and the date in which the obligation is no longer outstanding (redemption or maturity date), whichever comes sooner, within 60 days of said date. Timely Tax Form 8038–R filing, if applicable. Procedures or guidelines for monitoring instances where compliance with applicable yield restriction requirements depends on subsequent reinvestment of obligation proceeds in lower yielding investments (e.g., reinvestment in zero coupon SLGS). Expenditure and Asset Documentation to be Assembled and Retained Documentation of allocations of obligation proceeds to expenditures (i.e., allocation of proceeds to expenditures for the construction, renovation or purchase of facilities owned and used in the performance of exempt purposes). Such allocation will be done not later than the earlier of: o 18 months after the later of the date the expenditure is paid, or the date the project, if any, that is financed by the tax–exempt bond issue is placed in service; or o 60 days after the earlier of the fifth anniversary of the issue date of the tax–exempt bond issue, or the date 60 days after the retirement of the tax–exempt bond issue. Documentation of allocations of obligation proceeds to issuance costs. Copies of requisitions, draw schedules, draw requests, invoices, bills, and cancelled checks related to obligation proceed expenditures during the construction period. 46 513 Jufn!:/ Copies of all contracts entered into for the construction, renovation or purchase of facilities financed with obligation proceeds. Records of expenditure reimbursements incurred prior to issuing bonds for facilities financed with obligation proceeds (i.e., Declaration of Official Intent/Reimbursement Resolutions including all modifications). List of all facilities and equipment financed with obligation proceeds. Depreciation schedules for depreciable property financed with obligation proceeds. Documentation that tracks the purchase and sale of assets financed with obligation proceeds. Documentation of timely payment of principal and interest payments on the obligation. Tracking of all issue proceeds and the transfer of proceeds into the debt service fund as appropriate. Documentation that excess earnings from a Reserve Fund is transferred to the Debt Service Fund on an annual basis. Excess earnings are balances in a Reserve Fund that exceed the Reserve Fund requirement. Miscellaneous Documentation to be Assembled and Retained Ensure that the project, while the obligation is outstanding, will avoid IRS private activity concerns. The Finance Director shall monitor the use of all obligation–financed facilities in order to: determine whether private business uses of obligation–financed facilities have exceeded the de minimus limits set forth in Section 141(b) of the Code as a result of sale of the facilities (including sale of capacity rights, leases and subleases of facilities, including easements or use arrangements for areas outside the four walls, (e.g., hosting of cell phone towers), leasehold improvement contracts, licenses, management contracts in which the City authorizes a third party to operate a facility, (e.g., cafeteria), research contracts, preference arrangements (in which the City permits a third party preference, such as parking in a public parking lot), joint ventures, limited liability companies or partnership arrangements, output contracts or other contracts for use of utility facilities (including contracts with large utility users), development agreements which provide for guaranteed payments or property values from a developer, grants or loans made to private entities (including special assessment agreements), naming rights agreements, or other arrangements that provide special legal entitlements to nongovernmental persons; and determine whether private security or payments that exceed the de minimus limits set forth in Section 141(b) of the Code have been provided by nongovernmental persons with respect to such obligation-financed facilities. The Finance Director shall provide training and educational resources to any City staff that have the primary responsibility for the operation, maintenance, or inspection of obligation–financed facilities with regard to the limitations on the private business use of obligation–financed facilities and as to the limitations on the private security or payments with respect to obligation–financed facilities. The Finance Director shall undertake the following with respect to the obligations: o An annual review of the books and records maintained by the City with respect to such obligations; and o An annual physical inspection of the facilities financed with the proceeds of such 47 514 Jufn!:/ obligations, conducted by the Finance Director with the assistance of any City staff who have the primary responsibility for the operation, maintenance, or inspection of such obligation–financed facilities. Changes in the project that impact the terms or commitments of the obligation are properly documented and necessary certificates or opinions are on file. Additional Undertakings and Activities that Support Above Sections The Finance Director will notify the City’s Bond Counsel, Financial Advisor and arbitrage provider of any survey or inquiry by the IRS immediately upon receipt (usually responses to IRS inquiries are due within 21 days of receipt). Such IRS responses require the review of the above–mentioned data and must be in writing. As much time as possible is helpful in preparing the response). The Finance Director will consult with the City’s Bond Counsel, Financial Advisor and arbitrage provider before engaging in post–issuance credit enhancement transactions (i.e., bond insurance, letter of credit, or hedging transactions). The Finance Director will monitor all “qualified tax–exempt debt obligations” within the first calendar year to determine if the limit is exceeded, and if exceeded, will address accordingly. For tax–exempt debt obligations issued during years 2009 and 2010, the limit is $30,000,000. (The limit was $10,000,000 prior to 2009. In 2011 and thereafter, it will remain at $10,000,000 unless changed by the Federal government). During this period, the limit also applies to pooled financings of the governing body and provides a separate $30,000,000 for each 501 (c)(3) conduit borrower(s). Comply with Continuing Disclosure Requirements If applicable, the timely filing of annual information agreed to in the Continuing Disclosure Certificate; or give notice of any Material Event, as required within the SEC Rule 15c2-12, as amended. Identify any post–issuance change to terms of bonds which could be a “reissuance” under applicable Treasury regulations. The Finance Director will consult with the City’s Bond Counsel prior to any sale, transfer, change in use or change in users of obligation-financed property, which may require “remedial action” under applicable Treasury Regulations or resolution pursuant to the VCAP Program. A remedial action has the effect of curing a deliberate action taken by the City that results in satisfaction of the private business test or private loan test. Remedial actions under Section 1.141-12(d)(e) and (f) include the redemption of non–qualified bonds and alternative uses of proceeds or the facility (i.e. use for a qualified purpose instead). The Finance Director will ensure that the appropriate tax form for federal subsidy payments is prepared and filed in a timely fashion for applicable obligations (i.e. Build America Bonds). Compliance with Future Requirements The responsible parties shall take measures to comply with any future requirements issued beyond the date of these Post–Issuance Debt Compliance Procedures, which are essential to ensuring compliance with the applicable state and federal regulations. 48 515 Jufn!:/ Procurement To ensure that all City expenditures are lawful, the City shall: Maintain strict compliance with applicable Federal regulations, State laws, and City ordinances and Charter provisions; and Establish procedures to protect the City from undue liability or other concerns. Additionally, this section of this Manual outlines the proper procedures for procurement and supersedes all previous policies and practices concerning the purchase of goods and/or services by the City. Purchasing Policy This section of the Manual shall meet the following objectives: To ensure that tax and rate payer supported expenditures provide for cost–effective and efficient acquisition of goods and services; To establish uniform procurement processes for all staff and all departments; To ensure City expenditures are appropriately classified in the City’s financial records; and To follow Minnesota Statute § 471.345 as it relates to the purchase of supplies, materials, equipment, or the rental thereof, or the construction, alteration, repair, or maintenance of real or personal property. Responsibility Pursuant to Section 6.05 of the Charter, the City Manager shall be the Chief Purchasing Agent of the City. In that capacity, the City Manager may establish such policies and procedures to make purchases on behalf of the City and its component units. The administration, review and supervision of such purchasing shall be delegated to the Finance Director generally and the respective Department Director specifically, unless authorized elsewhere in this Manual. The City has a decentralized purchasing system whereby individual departments are responsible for making their own purchases. Exceptions including the following types of purchases. Technology (e.g., hardware, software) must be approved by the Information Technology Division Manager; Vehicles and major equipment must be approved by the Fleet Services Manager; and Building maintenance and improvements must be approved by the Facilities Manager. The City will purchase supplies, equipment, and services best suited to the specific needs of the City in as economical a means as possible, including: The City will purchase EnergyStar certified equipment and appliances if possible; The City will purchase paper containing at least 30% post–consumer recycled content, if possible; and The City will purchase recyclable or compostable consumable goods when feasible. 49 516 Jufn!:/ The City will promote fair competition among bidders and will comply with all statues and regulations of the City, State, and Federal government that may pertain to the purchase of supplies, equipment, and services by a municipal entity. Purchase Orders Purchase orders may be used for any purchase. In instances where purchase orders are used, the following procedures are set forth: The vendor name, mailing address and contact information is required; A sufficient description and exact quantities of the respective purchase; A calculation of total cost, including applicable tax, shipping and handling charges; In the instance where exact costs are unknown, an estimate is acceptable; In the instance where quotes are required, they must be attached; The source of funding and applicable expenditure code for the respective purchase; and The purchase order shall be completed and signed prior to the respective purchase. All purchases requiring a purchase order must be procured in writing. All contracts and similar agreements are subject to review by the City Attorney, City Manager and/or Finance Director. Uniform Municipal Contracting Law The City will follow procedures as set forth in Minnesota Statute § 471.345. Purchases should not be separated into smaller components in order to eliminate an authorization threshold requirement. Labor and materials may be separated to properly calculate sales and use tax. For the purchase of supplies, materials or equipment estimated to exceed $25,000, the City must consider the availability, price, and quality of the supplies, materials, or equipment available through the State of Minnesota’s cooperative purchasing venture (CPV), or another approved CPV, before purchasing through another source. The Finance Department will maintain a list of approved CPVs. Purchases up to $25,000.If the amount of the purchase isnot estimated to exceed $25,000, the purchase may be made by either obtaining bids, quotes, through a CPV with another government entity or consortium or simply buying the item on the open market. If the City chooses to obtain quotes, it must, as far as practicable, obtain at least two quotes and keep them on file for at least one year after their receipt. If the City decides to solicit sealed bids, requirements of the bidding process must be followed and cannot change the process midway through. Purchases over $25,000 and up to $174,999. If the amount of the purchase is estimated to exceed $25,000 but not to exceed $174,999, the purchase may be made either through a CPV with another government entity or consortium or upon sealed bids, by obtaining two or more quotations for the purchase when possible, and without advertising for bids. Products or services quoted shall be the same or similar and of comparable quality from each vendor. The City must consider the availability, price and quantity of supplies, materials or equipment available through the state’s CPV before purchasing from another source. All quotations obtained shall be kept on file for a period 50 517 Jufn!:/ of at least one year after their receipt. Purchases $175,000 and Above. If the amount of the purchase is estimated to exceed $175,000, sealed bids shall be solicited by public notice in the manner and subject to the requirements of the law governing purchases by the City. The City must consider the availability, price and quality of supplies, materials or equipment available through the state’s cooperative purchasing venture before purchasing from another source. If an approved CPV is in place, bids are not needed. All bids obtained shall be kept on file for a period of at least one year after their receipt. State law defines what types of agreements amount to a “contract” for purposes of applicability of the uniform municipal contracting law and provides cities the option to use the “best value alternative” or “construction manager at risk alternative” for certain types of contracts, including those for construction, alteration, repair, or maintenance work. The various requirements of the competitive bidding process are beyond the scope of this Manual, and departments meeting this threshold should consult the Finance Department before beginning the purchasing process. Professional Services.Contracting for professional services, such as those provided by engineers, lawyers, architects, accountants, and other services requiring technical, scientific, or other professional training, when competitive bidding is not required, shall be the primary responsibility of the Department, with purchasing oversight by the Finance Director and in compliance with this Manual. Federal Grant ProgramsPurchasing Guidelines For purchases under Federal grant programs, two written quotes are needed for purchases greater than $10,000. Multiple price or rate quotations must be obtained from an adequate number of qualified sources (i.e., two or more) for purchases greater than this micro–purchase threshold (2 CFR 200.320(b)). Purchasers should familiarize themselves with requirements of purchases made under grant programs prior to any expenditures (e.g., Davis–Bacon Act, Buy American Provisions) and contact the Finance Department with any questions For all contracts for goods or services above the small purchase threshold, the City should document its review of the excluded parties list (see https://www.sam.gov) to ensure that certain parties, suspended and/or debarred or otherwise excluded or ineligible contractors are not contracted with when using federal or state funds.(2 CFR 200.213). Contractors that apply or bid for an award exceeding $100,000 must file the certification required by the Byrd Anti–Lobbying Amendment (31 U.S.C. 1352). All purchases for construction projects using federal dollars in excess of $2,000 are required to follow the Davis–Bacon Act and related federal regulations concerning labor standards applicable to federally financed contractors. The process should ensure fair and open competition and include affirmative steps to assure that 51 518 Jufn!:/ minority businesses, women’s enterprises and other disadvantaged businesses are solicited and used whenever possible (CFR 200.321). Exceptions The City may contract for the purchase of supplies, materialsor equipment without regard to the competitive bidding requirements of this Purchasing Policy if the purchase is through the State of Minnesota’s CPV, a national municipal association’s purchasing alliance or cooperative created by a joint powers agreement that purchases items from more than one source on the basis of competitive bids or competitive quotations. The Finance Director shall approve and maintain a list of authorized CPVs. Other exceptions may include: professional services, insurance contracts, purchases from other government agencies, real estate, sole source vendors and others as defined by Minnesota Statute § 471.345. Best Value Alternative. Minnesota Statute § 412.311 allows the City to use a “Best Value” alternative instead of awarding the bid to the lowest responsible bidder. The various requirements of the Best Value Alternative process are beyond the scope of this Manual, and departments interested in this approach should consult the Finance Department before beginning the purchasing process. Staff interested in this purchasing alternative must receive appropriate training, as determined by the Finance Director. Authorization and Compliance Per Section 6.05 of the Charter, “All purchases on behalf of the City shall be made and all contracts shall be let by the City Manager, or the City Manager’s designee(s), provided the City Council has appropriated sums necessary for the contract or purchase, and the amount of the purchase or contract does not exceed that required for competitive bids as established by state statute. Except for those purchase or contracts subject to the authority of the City Manager as set forth herein, all bonds, contracts, conveyances, real estate purchases and sale agreements, and similar instruments shall be approved by the City Council and signed by the Mayor and City Manager, or the City Manager’s designee(s), and shall be executed in the name of the City.” The City Manager, or their designee, may authorize routine expenditures that are already specifically adopted and identified by the annual budget (e.g., large equipment replacement), assuming those expenditures do not exceed the authorized amount appropriated by the budget. The following table outlines the various thresholds and the authority level required for all purchases regardless of the type (e.g., capital improvement, professional service). Initial Approval Purchase Amount Budgeted UnbudgetedFinal Approval Up to $9,999 Division Manager Department Director Department Director $10,000 to $24,999 Division Manager Finance Director Department Director 52 519 Jufn!:/ $25,000 to $174,999Department Director Finance Director City Manager $175,000 or greater Department Director City Manager City Council Any purchase or project using sealed bids shall be presented to the City Council for review and approval if it exceeds $175,000; no project activities may commence until after such approval. Upon approval, the respective Department Director may authorized applicable expenditures related to the approved bid or contract without regard for the thresholds listed in the above table, assuming such approval would not exceed the value of the bid or contract, or exceed the budget authorized by the City Council. In both of those situations, the thresholds outlined in this Manual shall apply. In the event of a change order that increases the total cost of the purchase, the thresholds listed immediately above shall also apply, assuming the amount may be accommodated through existing budget authority or by a budget revision outlined in the CIP Policy of this Manual. The City Council must also approve any negative changes order exceeding $175,000. Any procurement transaction made on behalf of the City that is not in compliance with the established policies and procedures shall be deemed unauthorized. Employee reimbursement may be required for any purchases not in compliance with this policy, pursuant to Section 7.06 of the Charter. Payment Procedures In accordance with Minnesota Statute § 471.425, the City has 35 days from receipt of the invoice to process payment. If an invoice is incorrect in any way, the City must notify the vendor within 10 days of the date of receipt. Department Directors should notify the Finance Department promptly of any invoices in dispute and the dispute should be documented on the invoice or with a memorandum accompanying the invoice. The respective Department Director shall assign specific staff to provide the appropriate account codes to ensure the accurate recording of expenditures in the City’s financial systems. As outlined above, the applicable Division Manager shall approve any purchases less than $25,000, while the applicable Department Director shall approve any purchases greater than or equal to $25,000. The respective party will be responsible for both the accurate recording and lawful nature of the purchase in question. Certain routine transactions as defined by the Finance Director are excluded from Department Director and/or City Manager review and approval. Such transactions may include but are not limited to: salaries and wages; health insurance and similar benefit premiums; property and casualty insurance premiums; utility payments; and applicable taxes. All payments shall be summarized within a Claims List as required by the City Charter and Minnesota Statute § 412.271, which will be presented to the City Council at their regularly scheduled meetings. Once the Claims List has been approved by the City Council, the Finance Department will release payment(s) to the vendor. 53 51: Jufn!:/ In some instances, payments may need to be released prior to City Council approval. Such payments will be authorized at the discretion of the Finance Director and will be presented to the City Council within the Claims List at the next scheduled regular City Council meeting. The Finance Director may issue checks or other forms of payment for the following types of claims without prior City Council approval: Salaries of regular employees; Overtime of regular employees, if approved by the respective Department Director; Salaries of temporary employees, if approved by the respective Department Director; Health insurance and similar benefits authorized by the City Council; Utility bills or invoices for regular City operations; Construction permits and escrows; Early payment discounts and to avoid fees and penalties; Property and casualty insurance payments; Payments to the City (i.e., one fund to another fund); Petty cash items up to $20; Flat rate monthly auto allowances; Postage, postage due or cash–on–delivery items; Advances to employees for the cost of attending out–of–state conferences, not to exceed $500; Registration and other expenses for local conferences; Reimbursement to an employee for clothing allowance; Claims approved by the City Council as a separate agenda item (e.g., bids, contracts, estimates); Fixed charges that have been previously incurred (e.g., rent payments, payments on bonds, contracts for deeds); Investments and investment related expenditures and transfers; Payroll taxes and other liabilities withheld from employees’ wages, and the corresponding City paid benefits; Contracted inspectors that maintain an agreement with the City; Softball, basketball, and other sporting officials contracted for park and recreation activities; Refunds of deposits and escrows being held by the City; and Other reasonable transactions to affect the proper function of the City. Conflicts of Interest Employees are required to provide notice to the Finance Director of any conflicts of interest prior to entering into transactions on behalf of the City. No employee, officer, or agent may participate in the selection, award, or administration of a contract supported by a Federal award if they have a real or apparent conflict of interest. Such a conflict of interest would arise when the employee, officer, or agent, any member of his or her immediately family, their partner, or an organization that employs or is about to employ any of the parties indicated herein, has financial or other interest in or a tangible personal benefit from a firm considered for a contract (Minnesota Statute § 471.87 – § 471.88). No purchase orders, contracts or service agreements shall be given to an employee of the City 54 521 Jufn!:/ or to a partnership or corporation of which an employee is a major stockholder or principal. No employee shall enter into the relationship with a vendor where the employee’s actions are, or could reasonably be views as, not in the best interest of the City. If any employee becomes involved in a possible conflict of interest, the employee shall disclose the nature of the possible conflict to his or her supervisor and to the Finance Director. The Finance Director will promptly notify the individual in writing of an approval or disapproval of the activity. If disapproved, the employee shall remove themselves from the conflict situation. Acceptance of Gifts and Gratuities No member of the City Council, official or employee may accept any gift or gratuity in any size under circumstances in which it could be reasonably thought to influence the performance of their official duties or appears to be a reward for any official action of their part. Employees responsible for making purchasing decisions for the City may not accept, directly or indirectly, any gifts, favors, privileges, or employment from current or prospective City vendors. Emergency Procurement Under the Emergency Management Act (Minnesota Statute § 12.37, Act), the City has the authority to make purchases or enter into contracts during emergencies without following many of the normally required procedures. The Emergency Management Act defines an “emergency” as an unforeseen combination of circumstances that calls for immediate action to prevent a “disaster” from developing or occurring. The Act defines a “disaster” as a situation that creates an actual or imminent serious threat to the health and safety of persons, or a situation that has resulted or is likely to result in catastrophic loss to property or the environment, and for which traditional sources of relief and assistance within the affected area are unable to repair or prevent injury or loss. In the event of an emergency or disaster, the City Council has granted authority to the City Manager, or their designee, to make emergency purchases. At the next regular scheduled City Council meeting, the City Council will approve the respective purchase(s) via a resolution declaring the emergency and describing the reasons necessitating the immediate action for protection of the health, safety or welfare of its citizens. All such expenditures shall be consistent with by Section 7.08 of the Charter If practicable, the Department Director and/or City Manager should consult the City Attorney and Finance Director prior to any expenditures under the Emergency Management Act, if possible. Sole Source Procurement Sole source purchases may be made if they comply with at least one of the following: Items or services under patent or copyright held by a single vendor and item or service possesses or has capabilities critical to use; Item or service possesses a unique function or capability critical in the use of the item or service and not available from any other sources; 55 522 Jufn!:/ The purchase is for equipment associated with use of existing equipment where compatibility is essential for integrity of results; The purchase is for replacement parts needed for repair of existing equipment where compatibility with equipment from the original manufacturer is paramount; The purchase is for accessories sought for enhancement of existing equipment where compatibility with equipment from the original manufacturer is paramount; The purchase is for technical services associated with the assembly, development, installation, or servicing of equipment of a highly technical or specialized nature; Additional item, service, or work required, but not known to have been needed when the original order was placed with vendor and it is not feasible or practicable to contract separately for the additional need; and/or The purchase is exclusively compatible with an existing piece or brand of equipment and is only available from one vendor. Sole source purchases must still follow the purchase process required based on the amount being purchased. For example, if the purchase is expected to exceed $175,000, a competitive bidding process must be followed even if the expectation is that only one bid will be received. Bid Protest The City recognizes the need to review and resolve complaints about its purchasing practices and procedures and has adopted this procedure to provide for any complaints. Any actual or prospective vendor or contractor who is reasonably aggrieved in connection with the solicitation or award of the contract may protest to the Finance Director per the following procedure: Each protest must be in writing and delivered by a certified letter to the Finance Director within five business days of the City’s notice of award and must include: o A notice of protest; o A statement of facts and the reasons for the protest; o All supporting documentation; o Address all correspondence to: Bid Protest, Finance Director, City of Fridley 7071 University Avenue Northeast, Fridley, MN 55432. As soon as a bid protest is received, all award activity will be suspended. The applicable Department Director(s) will gather all relevant information about the solicitation, evaluation, and award of the bid and provide it to the Finance Director within five business days of being notified of the Bid Protest by the Finance Director. The Finance Director, and any applicable staff, will review the information relevant to the solicitation and will decide on the merits of the protest, in a prompt manner but not longer than ten business days after the bid protest was received. The decision will be mailed to the protestor at the address set forth in the bid protest. A copy of the decision will be posted on the City website. All documentation concerning the bid protest and the decision will be retained by the department subject to the protest. An appeal of the Finance Director’s decision may be in writing and delivered by a certified letter by the protestor to the City Manager within five business days of the release of the decision and must include: o A notice of an appeal; 56 523 Jufn!:/ o A statement of the nature and the reasons for the appeal, including claimed errors; o All supporting documents; and o A deposit to cover the City’s cost for determining a bid protest will be made in the form of a certified check payable to the City Treasurer, in an amount determined by the Finance Director. The City Manager will deliver the protest and all relevant information about the solicitation, evaluation, and award of the bid to the City Attorney or designee. A Hearing Date will be set by the City Attorney or designee for the appeal to commence, which date should not be later than twenty business days from the notice of appeal. The complainant will be presented with an opportunity to present their case to the City Attorney or designee. Upon the conclusion of the appeal, the City Attorney or designee will issue a decision within twenty business days of the conclusion of the appeal. Staff will track all costs (e.g., wages, expenses) spent in the appeals process. The total cost will be subtracted from the deposit. Any remaining balance will be returned to the vendor. If the appeal is upheld, the total deposit will be returned. The Finance Director, in their sole discretion, may reject any unreasonable bid protest to prevent the unnecessary delay in the contract award process or to avoid additional cost to the City. Sales and Use Tax As a local government, the City remains generally exempt from sales and use tax. As such, staff should refrain from paying sales and use tax on official City transactions. The Finance Director, or their designee, may approve payment of sales and use tax on a case–by–case basis (e.g., staff reimbursement for an emergency expenditure). Procurement Card Use Policy Pursuant to Minnesota Statute § 471.382, the City may provide Procurement Cards (P–Cards) to employees that demonstrate a business rationale, such as frequent travel or routine purchasing. The City shall not issue a P–Card for merely for the personal convenience of an employee. Authorization Consistent with the delegated authority of the City Manager as the Chief Purchasing Agent, the City may only provide P–Cards upon the request of the respective Department Director. All P–Cards requests must be approved by the Finance Director prior to issuance. Only full–time or part–time regular employees shall be issued P–Cards. All P–Cards shall maintain the following limits, unless otherwise authorized by the Finance Director of their designee: Transactions Staff Level/PositionPer Total (Monthly) Approval Non–Management$500 $3,000 Division Manager Division Manager$1,000 $5,000 Department Director Department Director $2,000 $10,000 City Manager 57 524 Jufn!:/ City Manager $5,000 $25,000 Finance Director Accounts Payable$10,000 $50,000 Finance Director User Guidelines and Rules Each card holder will be responsible for ensuring that purchases made with their card comply with Minnesota Statutes, other sections of this Manual and this Procurement Card Use Policy. All employees authorized to use a P–Card shall review and sign an acknowledgement of the P– Card Use Policy and a P–Card User Agreement as provided by the financial institution issuing the P–Card, which shall be retained by the Finance Department. The P–Card User Agreement must also be signed by the applicable Department Director. The terms of the P–Card User Agreement are considered a part of this Manual. P–Card shall be issued in the individual employee’s name. The City shall not issue any generic or department–wide P–Cards, nor may any individual possess more than one P–Card account, unless otherwise authorized by the Finance Director. If the City issues a generic P–Card, it must be assigned and held by a supervisor or manager. Additionally, the P–Card must be accompanied by a log, which includes the staff using the card, the vendor name and a description of the purchase included its estimated cost. The generic P–Card must be returned to the supervisor or manager before being used for another transaction. Employees that do not possess a P–Card shall not retain either physical possession of the P–Card or electronic possession of the corresponding account information. All P–Card use must be approved by the authorized P–Card holder prior to any transaction. Personal use of the City issued P–Card is prohibited. It is the P–Card holder’s responsibility to safeguard the P–Card (and corresponding account information) and protect it from theft and unauthorized use, including, but not limited to: Immediately reporting lost cards or unauthorized use to the P–Card company as well as to the Finance Department; Promptly returning expired P–Cards to the Finance Department for destruction; Keeping the P–Card in a secure location; Submitting the appropriate and requested documentation to support purchases and other activity in a timely fashion; Taking appropriate precautions when using the P–Card to make purchases; and Returning P–Card to the Finance Director upon termination. The Finance Director, in their sole determination, may revoke the P–Card for any reason. Improper use of the City’s P–Card may result in disciplinary action, and cardholders may be held personally responsible for unauthorized purchases, consistent with this Manual and the Charter. Documentation The billing statement from the P–Card issuer does not contain sufficient information to document a purchase made. Appropriate documentation is required for all purchases to verify compliance 58 525 Jufn!:/ with this and other City policies. A copy of the invoice or receipt for payment must be included to verify the amount charged on the P–Card. Receipts from vendors that only list the total charged are not considered sufficient documentation. The receipt must identify all products or services purchased, shipping charges, and sales tax. A printed confirmation of an internet purchase may be sufficient to comply with this requirement. If an invoice is not immediately available, the invoice must be forwarded to the Finance Department as soon as possible. In lieu of an invoice or receipt as described above, the purchasers may sign an affidavit attesting to the purchase. The City will not be responsible for any financing or interest charges accruing as a result of untimely submission of P–Card receipts and transactions. In any instance where a product or service purchased with a City issued P–Card is returned or canceled the transaction must be refunded to the P–Card account. Review and Payment The P–Card holder should sign and approve the overall monthly statement that shall constitute their approval of each individual charge or activity. The applicable supervisor shall review all aspects of the invoice and verifying the validity of the expenditure. The P–Card holder and applicable supervisor shall also be responsible for providing the account coding and description of purchase so that expenditures are appropriately classified in the City’s financial records. The applicable supervisor will authorize the expenditure for payment by including a date and signature or electronic approval. All P–Card statements will be reviewed by the Finance Department for compliance with this Manual and to ensure accurate accounting. Additional documentation may be requested from a P–Card user to ensure such compliance. When granted, it is the P–Card user’s responsibility to submit documentation to the P–Card holder. Ultimately, it is the P–Card holder’s responsibility to obtain documentation for all activity. When charges relate to more than one person, the purpose of charges and names of attendees should be noted on the statement. The City will not use the P–Card account for carrying any debt. The City shall make payment for the entire outstanding balance of the P–Cards and all P–Card purchases shall be made through the City’s normal vendor payment process. No employee of the City shall use the P–Card for cash advances or withdrawals. Under no circumstances may P–Cards be used by non–City employees. Individual Vendor Procurement or Credit Cards The City has established charge accounts with a handful of vendors to expedite the purchasing process with those respective vendors. These accounts may or may not have physical cards accompanying them. All sections of this Procurement Card Use Policy are also attributable to the 59 526 Jufn!:/ respective vendor charge accounts. Travel, Trainingand ReimbursementPolicy It is the purpose of this Travel and Training Policy to establish adequate internal controls to satisfy IRS regulations, GSA guidelines, State laws, and to provide a guide to prescribe circumstances for travel and training transactions, including reimbursements. This section of the Manual shall apply to all employees. Guidelines Generally, the City should apply the following expectations and guidelines when considering travel and training opportunities: Whether the employee will be receiving training on issues or topics relevant to the City, their specific job responsibilities, or reasonable promotional opportunity; Whether the employee will be meeting or networking with elected officials and/or government employees, both from Minnesota and other states, to exchange ideas on topics relevant to the City; Whether the employee will be viewing a facility or function that is similar in nature to one that is currently operating at, or under consideration, by the City where the purpose for the trip is to study the facility or function to return ideas for the consideration by the City; Whether the employee has been specifically assigned by the City Council and/or City Manager to visit another government agency for the purpose of establishing a goodwill relationship, such as a “sister–city” relationship; o “Sister–city” expenditures are not supported by any statutory authority and the City shall only support such expenditure through donations or gifts by a third–party; Whether the employee has been specifically assigned by the City Council and/or City Manager to testify on behalf of the City at the United States Congress or to otherwise meet with federal officials on behalf of the City; and Whether the City has sufficient budget authority available to pay for the cost of the trip. The City shall also consider the following guidelines upon review of any request for travel or training expenditures: Efforts should be made to limit the number of employees from a single department that will attend a conference, institute, or training program to avoid excess expenditures; Travel and training funds should be utilized in an efficient manner in order to benefit the greatest number of employees possible; A demonstration of making essential contacts and/or obtaining significant information that is important to the improved operations and functions of City, and the respective department is essential prior to travel authorization; Out–of–state travel must be unquestionably professional in content and should be requested only when a comparable conference cannot be found locally in the same calendar year; and Employees are expected to utilize the same car when incurring official expenses that a prudent person would utilize if traveling on personal business. 60 527 Jufn!:/ Authorization Given the limited resources of the City to support travel and training expenditures, all suchcosts should be included in an appropriate budget area prior to the travel or training and authorized based on the below table. Additionally, no individual employee shall incur more than $5,000 annually of travel and training related expenditures, unless authorized by the City Manager. AmountReviewApproval Up to $1,999 Division Manager Department Director $2,000 or more Department Director City Manager All travel and training arrangements shall be approved by the party listed above at least 10 business days prior to any such commitments and/or expenditures, whenever possible. The City Manager and the respective Department Director shall approve all travel and training activities. The City Manager shall review and approve all travel and training arrangements for all out–of–state travel. Department Directors may be authorized work time for non–exempt employees for travel out–of– area the day prior to, the day of, and the day following the convention or meeting date(s). Travel Arrangements and Requirements Employees shall travel using the most cost–effective and reasonable transportation alternatives. The section below outlines the expectations for the most common forms of transportation. All major travel and training expenditures must be made through a City–issued P–Card, unless otherwise authorized by the Finance Director. Commercial. Employees may travel in–state and out–of–area by commercial transportation when authorized. Air transportation shall be by coach class utilizing the advance reservation rates, when possible; Railroad accommodations shall be standard and shall include lower berth or roomette in case of overnight travel; and Bus transportation shall be reimbursed for the fare to and from the closest destination (i.e., bus stop) on the most direct route. City or Personal Vehicle.When traveling in a City vehicle, employees should use a City assigned P–Card for fuel expenses. Due to potential liability considerations, transportation of persons not on official City business is prohibited in City Vehicles. When personal automobiles are used as a mode of transportation for travel, reimbursement will be reimbursed at the current IRS/GSA mileage reimbursement rate. Payment of mileage will be based on the most direct route from their primary work location (e.g., City Hall, Public Works) to the point of destination. The City is not responsible for damage to personal vehicles while on official 61 528 Jufn!:/ business, as personal vehicles are not covered by the City’s insurance policies. Rental Vehicle. Prior approval by the Department Director is required if it is necessary to rent a vehicle at the travel destination. Pre–payment of a vehicle rental can be made using a P–Card. No personal use of a rental vehicle shall be allowed. Lodging.Hotel or motel accommodations should be appropriate to the purpose of the trip. Lodging should be chosen based on reasonableness of cost and proximity to the conference, meeting, or training site. Unless previously approved by the City Manager, overnight stays within 70 miles of the City will not be reimbursed. The City Manager, or their designee, shall approve the use of any short–term rental options (e.g., “Airbnb,” “VRBO”). Each employee shall be allowed an individual single room. Detailed lodging receipts must be submitted for reimbursement as well as documentation for charges on a P–Card. The receipts must include the nightly room rate and any incidental expenditures. Only incidental costs related to the room charges will be reimbursed. Expenditures that are not deemed reasonable and necessary will not be reimbursed (e.g., hotel room movies, health club fees, dry cleaning cost, personal item costs, use of the “mini–bar”). Business telephone calls and reasonable personal calls incurred during overnight stays are reimbursable. When assigned, a City mobile device should be used for telephone calls. The individual department will make all arrangements for lodging. The P–Card is the preferred method of payment. Distance from employee lodgings will be considered in order to minimize transportation costs. Employees will retain payment receipts to submit to the Finance Department for reimbursement, if applicable. International Travel. For domestic travel purposes, the IRS definition of the United States includes the 50 states and the District of Columbia. The purpose of travel outside the United States for City business must be unquestionably professional in content and should only be considered if a similar meeting, conference, or training of similar quality cannot be found within the continental limits of the United States. International travel expenses for business related purposes are deductible, as outlined in the IRS Code Publication 463 (Travel Outside the United States) but may be limited if the travel involves non–business activities. Any travel outside the United States must be approved by the City Manager. Meal and Incidental Expenditures The City in principle does not pay for meals and/or refreshments for elected officials, employees, the general public and/or vendors, and will use the utmost care as related to the expenditure of public funds. Funds will not be expended for any purpose which is specifically forbidden by Federal regulation, State law, City ordinances or polices. Expenditures made under this section shall be approved, authorized and documented according to established procedures. For same–day travel, training or business meetings, meals will be reimbursed for the actual amount 62 529 Jufn!:/ spent and will require an itemized receipt. The use of a P–Card is encouraged, when possible. For meals involving multiple individuals, the documentation provided for reimbursement or P–Card documentation shall list all persons attending and participating in the meal(s). Additionally, the City shall not reimburse any personal expenditures, such as meals, from any petty cash funds as required by Minnesota Statute § 412.271. The City will not reimburse or support the cost of any meals already provided as part of a conference, meeting and/or training, unless the employee maintains a bona–fide dietary restriction(s). The City may request documentation of any such restriction(s). Expenditures associated with alcoholic beverages shall not be purchased with a P–Card or reimbursed by the City, nor shall that City pay or reimburse for any activities associated with a political party or similar political activities. For additional guidance and restrictions on meal and related expenditures, please refer to the Public Purpose Expenditure Policy section of this Manual. Per Diem. The per diem allowance is a daily payment for meals and related incidental expenses when overnight travel accommodations are necessary, in accordance with published federal per diem rates instead of receipt–based reimbursement. An employee may claim an amount not to exceed the allowable per diem rate in accordance with the Standard Federal Per Diem Rate Schedule (Schedule) in effect at the time of travel. A City assigned P–Card may not be used to pay for meal and incidental expenditures when per diem is claimed. The per diem allowance is separate from lodging, transportation and other miscellaneous expenses. The per diem allowance covers all charges, including taxes and service charges where applicable for: Meals. Expenditures for breakfast, lunch, dinner and snacks as well as corresponding tips and taxes. For a City reimbursed meal, a tip shall not exceed 15%, and shall not be permissible if gratuity is already included in the bill. o In the event an approved training or conference event is more than one day in duration, the maximum reimbursement will not exceed the daily per diem rates set annually by the Schedule for meals and incidentals for the area. Per IRS regulation, the first and last calendar day of travel is calculated at 75% (e.g., if the daily Per Diem is $50, then the days of travel are $37.50). o When an event encompasses a full or partial day, employees may spend the daily allowance among the applicable meals, at their discretion, unless meals are included as part of the event registration. In that case, the funds allotted for that meal cannot be used or reimbursed. o For partial days, the meal allowance will not exceed the amounts set annually by the Schedule for meals and incidentals separately for breakfast, lunch, or dinner. Breakfast reimbursements may be claimed if the employee leaves their temporary or permanent work location before 6:00 a.m. or is away from home overnight. Lunch reimbursements may be claimed if the employee is in traveling more than a total of 70 miles away from their temporary or permanent work location. Dinner reimbursements may be claimed only if the employee is away from 63 52: Jufn!:/ their temporary or permanent work location until after 7:00 p.m. or is away from home overnight. o Employees may occasionally be in the position of having to provide a meal for other persons who have official business with the City. In addition, receipts for these meals must include the name of each person attending the meal along with a description of the public purpose/benefit of the meeting. Incidental Expenditures. Fees for taxis or similar services, parking, as well as reasonable tips for porters, baggage carriers, bellhops and hotel maid service, associated with travel while on official City business will be reimbursed at actual cost. Receipts, if possible, shall be submitted for reimbursement. Advances and Reimbursements The City will pay or reimburse for all travel and training costs that are both reasonable and necessary. In accordance with Minnesota Statutes and when a situation warrants it, a cash advance may be issued prior to departure with the approval of the Finance Director. Such requests will be considered an exception to normal procedures. Only claims for accommodations, goods and services actually incurred by the employee with corresponding documentation, such as itemized receipts or invoices shall be reimbursed. If an employee opts to receive the per diem reimbursement for their travel related meal and incidental expenditures, receipts and other documentation shall not be required. Payment of the reimbursement shall only be authorized upon approval of the Travel Expenditure Report, which must be submitted after each travel or training event. If an employee travels with their significant other and/or immediate family members on an official City business trip, the expenditures attributable to them (e.g., travel, meals, lodging) shall not be an authorized expenditure of the City nor shall they be subject to reimbursement. The City shall pay or reimburse all travel and training expenditures at cost necessary to accommodate the employee only. Travel must be by the most direct or normally traveled route unless approved in advance by the respective Department Director. Reimbursement will be limited to the cost of travel by direct route or on an uninterrupted basis, as determined by the Finance Department. The elected official or employee will be responsible for any additional cost exceeding the public purpose related expenditures. Travel plans involving expenses that do not require overnight travel accommodations will be reimbursed based on actual cost substantiated by appropriate receipts. The employee is entitled to reimbursement of meal expenses after submitting actual receipts. No reimbursement is authorized if meals are provided during the meeting or event. When available, the assigned City P–Card should be used for these types of activities. This includes training or meeting within 60 miles from the City. It shall be the responsibility of the elected official or employee to: 64 531 Jufn!:/ Maintain accurate travel, training, and reimbursement records; Make a conscious effort to minimize expenses while maintaining a reasonable level of comfort and convenience; and Request reimbursement in an accurate and timely manner, typically 20 business days or less. Employees who have announced their intention to resign or retire, are involuntarily terminated, or in some disciplinary related status, will not be eligible for travel or training under this Travel, Training and Reimbursement Policy. The purposeful falsification of travel documents and expenditure reporting may result in disciplinary action, up to and including involuntary termination. Personal Rebates and Rewards Employees and elected officials shall not use their personal or private funds for travel and/or training related costs in an effort to accrue private benefit through rewards program and other incentives offered by their personal credit card(s). Additionally, the City shall not reimburse an employee for any expenditure originally made using rewards programs offered by their personal credit card (e.g., coupons, discounts, points, “frequent flyer miles”) Elected Officials Similar to employees, this Travel, Training and Reimbursement Policy recognizes the need and value of elected officials to travel both in–state and out–of–state for official duties, such as conferences, events, trainings, and other assignments. Generally, elected officials shall be subject to the same rules and regulations applied to employees. However, elected officials shall also be subject to the following considerations, which are consistent with Minnesota Statute § 471.661. Elected Official Guidelines. The conference, event, training, workshop or other assignment shall be approved in advance by the City Manager, and mentioned at an open, regularly scheduled meeting at least 10 business days before the occasion, and must include an estimate of the cost of the travel and training. Within 30 days of their return from the travel and training, the elected official(s) shall make an oral report at an open, regular meeting of City Council regarding their activities. The elected official(s) shall also provide any information or materials obtained during the conference, event, training or workshop to the City Manager for distribution to employees or the City Council upon request. The City shall make payments in advance for airfare, lodging and registration as approved by the City Manager. All other payments shall be made as reimbursements or per diem payments per the Schedule to the elected officials. Elected officials who have announced their intention to resign, not to seek re–election, or who have been defeated in an election will not be eligible for travel or training under this Travel, Training and Reimbursement Policy. Unless duly noticed and authorized by the City Manager, a quorum of the City Council shall not travel or train together. 65 532 Jufn!:/ The City Manager may make exceptions to the Travel, Training and Reimbursement Policy depending upon circumstances unique to the trip and/or elected officials and employee. 66 533 Jufn!:/ Donations Surplus Property Policy The City is committed to managing surplus property, such as used furniture and equipment, in a manner that is fiscally responsible, allows for options to reduce harmful environmental impacts, and promotes the City’s philosophy of reduce–reuse–recycle. This Surplus Property Policy establishes a procedure for the sale or disposal of surplus equipment. It also facilitates the removal of surplus property, promotes alternative uses, and reduces the City’s storage burden Any item disposed of in a manner designed to generate additional revenue (e.g., auction, trade–in) to support the cost of its replacement shall not be considered surplus equipment or property within the meaning of this section of the Manual. This Surplus Property Policy is also in accordance with Minnesota Statutes Sections 15.054, 412.211, 471.345, and 471.3459 and the Charter. It applies to all City departments that generate Surplus Equipment and governs the actions of all elected official and employees. Definitions For the purposes of this section the Manual, the following terms and phrases shall be defined as follows: City, means the City of Fridley, Minnesota; City Council, means the governing body of the City; Disclaimer of Warranties Form, means the form which must be signed by persons or entities acquiring the City’s Surplus Equipment or Surplus Property for uses other than disposal or recycling; Donation, means to contribute, donate, or give Surplus Equipment at no cost to a Nonprofit Organization that serves a public purpose and benefits its community as a whole; Eligible Organization, means a Nonprofit Organization serving one or more of the following functions: cultural, historical, educational, safety, social services, environmental or economic; Fair Market Value, means the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of all relevant facts; New Owner, means the person or entity acquiring the City’s Surplus Equipment or Surplus Property, as the case may be; Nonprofit Organization means an organization formed under Section 501(c)(3) of the IRS Code; Surplus Equipment, means: equipment used by the City’s public works department, and cellular phones and emergency medical and firefighting equipment that is no longer needed by the City because it does not meet industry standards for emergency medical services, police, or fire departments or has minimal or no resale value as defined in Minn. Stat. § 471.3459 and is eligible for Donation; 67 534 Jufn!:/ Surplus Property, means equipment and personal property used by the City that is no longer needed by the City and has minimal or no Fair Market Value; and Surplus Equipment Form, means the form that must be filled out by a Nonprofit Organization requesting a Donation of Surplus Equipment. Procedure The City shall identify and dispose of all Surplus Equipment and Surplus Property in conformance with the following guidelines. Identify Surplus Equipment. Department Directors are responsible for monitoring their equipment and shall identify and report all Surplus Equipment and Surplus Property to the City Manager on an annual basis at a minimum. Determine the Fair Market Value of Surplus Equipment and Surplus Property. The City Manager shall work with City staff to determine the Fair Market Value of the Surplus Equipment and Surplus Property. Identify Surplus Equipment and Surplus Property Disposition Method. The City Manager shall work with City staff to determine if Surplus Equipment and Surplus Property should be transferred, sold, donated, disposed of, recycled, or made available free of charge. Transfer. Prior to any disposition, all Surplus Equipment and Surplus Property must first be considered for transfer in the following manners: o Trade in the property toward the purchase of new property; o Transfer the property between departments for the benefit of the City; and o Transfer to another government entity through a state approved vendor or directly. Sale. If the Fair Market Value of the Surplus Equipment or Surplus Property is deemed greater than the cost to dispose of it or recycle it, the City may use applicable sources to allow for bidding and sale going to the highest bidder (e.g. public auction, eBay, propertyroom.com). If applicable, the City will determine the appropriate length of time an item may remain available for bidding based on the need to remove the equipment and personal property from the premises. Disposal. If the Fair Market Value of the Surplus Equipment or Surplus Property is deemed less than the cost to dispose of it or recycle it, the City may solicit offers to acquire at no cost to the entity wanting to take possession. The City shall post the Surplus Equipment or Surplus Property as available on the City’s website. The City may also use other reasonable means to notify the general public about the availability of this Surplus Equipment or Surplus Property. Donation. The City may, but is not obligated to, donate Surplus Equipment. Only Surplus Equipment may be donated. Applicable Department Directors are responsible for coordinating the Donation of the Surplus Equipment in accordance with the terms of this Policy. Surplus Equipment that is not donated may be sold, recycled, or discarded in the discretion of the City Manager but consistent with this Surplus Donation Policy. City Council Declaration. The City Manager will forward a list of all Surplus Equipment regardless of Fair Market Value and Surplus Property with an estimated Fair Market Value of $25,000 or more to the City Council, which shall approve or deny the designation of the specific equipment as surplus and eligible for Donation or disposal pursuant to and in accordance with this Surplus Donation Policy. 68 535 Jufn!:/ Advertisement of Surplus Equipment for Donation. Surplus Equipment shall be posted as available the City’s website. The City may also use other reasonable means to notify Eligible Organizations about the availability of Surplus Equipment. The City shall wait at least 30 days after advertising Surplus Equipment before approving any Donation. Surplus Equipment Form. Eligible Organizations interested in Surplus Equipment shall fill out a Surplus Equipment Form and submit the form to the City Manager. Prioritization of Donations. If more than one Eligible Organizations requests a Donation for the same Surplus Equipment, the City shall consider factors it deems relevant including how the Surplus Equipment will be used, the benefit to the Eligible Organization, the impact on the City, how the Donation will accomplish goals of the City Council, and any previous Donation to the Eligible Organization. Conflict of Interest. All City employees and officials are prohibited from taking possession of any Surplus Equipment or Surplus Property for personal use or on behalf of an Eligible Organization. As Is. The exchange of Surplus Equipment and Surplus Property is made “as is” with no warranty, guarantee, or representation of any kind, express or implied, as to the condition, utility, or usability of the Surplus Equipment and Surplus Property offered. The Surplus Equipment and Surplus Property may be defective and cannot be relied up for safety purposes. The New Owner shall sign the Disclaimer of Warranties Form prior to acquiring Surplus Equipment and Surplus Property. Title. The City Manager shall cause any title or other ownership documents to be transferred to the New Owner at the time of transfer. Any fees required for the transfer the Surplus Equipment and Surplus Property are the responsibility of the New Owner. Transportation. The New Owner must provide a detailed plan for transporting the Surplus Equipment and Surplus Property from the City. The New Owner must pay all expenses associated with the removal and transportation of the Surplus Equipment and Surplus Property. The City Manager may delegate specific responsibilities for implementing this Surplus Donation Policy. The City Clerk shall document the disposition of all Surplus Equipment and Surplus Property and shall keep such records in accordance with the City’s Records Retention Schedule. Municipal Liquor Store Donation Policy The City, through Fridley Liquor, at the direction of the Finance Director or their designee, may support non–profit organizations whose primary objective is to promote the general health and well–being of the Fridley community consistent with public purpose expenditures authorized by State law, Charter and all application City rules or regulations. Consistent with OSA Statement of Position No. 2007–1017 as amended, non–profit organizations formed under Section 501(c)(3) of the IRS Code, which also provide goods and/or services typically associated with a public purpose shall be eligible for a donation, including, but not limited to: Artistic organizations; Historical causes; 69 536 Jufn!:/ Animal shelters (or organizations for the prevention of cruelty); Food shelves; Senior and youth centers; Public recreation programs; and/or Community celebrations. Support for such an organization, upon approval, shall take one or more of the following forms, which cannot be used by the organization itself or those coordinating the event: Through gift cards, issued in up to $50 increments, to be used as an auction item or door prize; Through donation of merchandise that is commonly known as a “dealer loader” to be used for either a silent or live auction; Through assistance with a fundraising event that promotes the organization in general or for a specific fundraising need, as described below; and/or Through the purchase of products typically offered for sale at the cost available to Fridley Liquor. Regardless of the type of support, the total cost of the donation to an individual organization may not exceed $1,000 in retail value in any calendar year. Additionally, the organization(s) receiving the donation shall include Fridley Liquor, and its corresponding logo(s), in all forms of advertising and promotion of the event or occasion. The City reserves the right to deny any request for a donation for any reason and in their sole discretion. If the Finance Director determines that any such request to be unlawful or in violation of this Manual or other City policies, the request shall be denied. Fridley Liquor Event Participation Fridley Liquor may participate in a fundraising activity or event for an eligible organization one or more of the following forms: Assist the eligible organization with assembling a group of vendors to provide and pour samples of their products at a fundraising event; Coordinate with aforementioned vendors before and during the event to assure that the rules of the eligible organization, the City and applicable laws are followed; and assist with the logistics of hosting such an event; Provide support in age verification (i.e., carding) of attendees of the event; Provide advertising for the event through normal channels and frequencies, which may include: social media posts, in–store signage and e–mail “blasts” to Fridley Liquors e–mail list; o The e–mail addresses or any other information maintained by Fridley Liquor shall remain the property of the City, and not distributed, communicated or disseminated to a third–party or another operating unit of the City for any reason whatsoever, consistent with the Minnesota Government Data Practices Act; Fridley Liquor will, upon agreement between the eligible organization and Fridley Liquor, sell or distribute tickets or other information in–store for the activity or event; 70 537 Jufn!:/ Fridley Liquor will, upon agreement between the eligible organization and Fridley Liquor, assemble a tasting guide for the event, which will detail the item(s) involved, suggested retail price(s) and a place for tasting notes or other information; o Additional information or items may be added to the tasting guide at the discretion of both parties, which may include: other supporters of the event, description of the eligible organizations and the description or purpose of the event; and It will be the sole responsibility of the eligible organization to have the tasting guides and any other information, such as in–store signage, printed and available for distribution. Support for any eligible organization, activity and/or event will be determined on a case–by–case basis, and upon an agreement between the eligible organization and the City acting on behalf of Fridley Liquor. The number of fundraising activities and/or events that Fridley Liquor will participate in may not exceed six events or a cost of $5,000 annually, unless otherwise approved by the Finance Director. Solicitations at Fridley Liquor Solicitations by eligible organization for any purpose shall be limited to in–store signage, and shall not include any in–person activities on behalf of the eligible organization, activity or event, except for through the regular business of Fridley Liquor staff (i.e., mentioning the event to a patron during check–out). Fridley Liquor may also allow organization to fundraise through a point–of–sale transaction/donation, whereby the customer may be asked to “add a dollar” or some other amount to their purchase for an eligible cause and/or organization. Such request may only be made by Fridley Liquor staff. Fridley Liquor may offer this service in its sole discretion. Gather Space Usage The Gather Space at Fridley Liquor 264 57th Avenue NE shall only be used for Fridley Liquor sponsored events. No individual, group and/or organization shall have access to use the Gather Space for any purposes. Events will be held in accordance with Minnesota Statute § 340A.412 and other sections relevant to municipal liquor operations. No food may be brought in, sold or consumed during Gathering Space events. Indemnification Any party making use of a donation under this Municipal Liquor Store Donation Policy will agree to defend, indemnify, and hold harmless the City, its officers, officials, employees and volunteers from and against any and all claims, suits, actions or liabilities for injury or death of any person, or for loss or damage to property, which arises out of the use of a donation, or from the conduct of the party's business, or from any activity, work or thing done, permitted, or suffered by a party using a donation, except only such injury or damage as shall have been occasioned by the sole negligence of the City. 71 538 Jufn!:/ Revenue and Collection Revenue Policy The Citywillendeavorto maintain a diversified andstable revenue system toshelter itfromannual fluctuations in any one revenue source. In order to maintain a stable and predictable tax base, the City shall support a mix of commercial, industrial, and residential development. Consistent with this approach, the City will also review properties within its jurisdiction at least every five years, pursuant to Minnesota Statute § 273.08. The City shall establish all user charges and fees, pursuant to Section 7.02 of the Charter, for all applicable funds and activities. It shall recoup estimated or actual costs at the full amount for providing the goods or services. In order to determine the appropriate user charge or fee, the City shall consider various sources: Internal cost review and study; Market rates and structures; and Statutory requirements or case law established by the Minnesota Judicial Branch. Consistent with Section 7.02.03 of the Charter, the City will establish all user charges and fees for General Fund program activities at a level related to the full cost of providing the services, or as adjusted for particular program goals. The City will review the full cost of activities supported by user fees to identify the impact of inflation and other cost increases and will review these fees along with the resulting net property tax costs with the City Council at budget time. The Finance Director shall determine what defines and constitutes full cost. The City shall annually review and adopt via ordinance or resolution a Comprehensive Fee Schedule, consistent with Section 7.02 of the Charter, which shall be effective January 1 of each year. It shall provide for all of the various user charges and fees authorized by the City Council. If a user fee or charge has not been established by the Comprehensive Fee Schedule, the Finance Director shall determine the actual cost for providing the good or service, and assign the charge(s) and/or fee(s) accordingly, assuming doing so would not violate the aforementioned section of the Charter. Enterprise Funds For the Enterprise Funds, the City shall set user charges and fees at a level that fully supports the total direct and indirect costs of the activity, including depreciation of capital assets and debt service, to ensure positive and stable cash flows, and provide for adequate working capital. Any capital costs and/or debt service for any particular activity shall be supported by the applicable Enterprise Fund. The City shall conduct external reviews of the user charges and fees associated with the public utilities at least every five years. Consistent with Section 7.10 of the Charter, any interfund loans and/or transfers from the Enterprise 72 539 Jufn!:/ Funds to another City–controlled fund must be authorized by the City Council. Such interfund loans and transfers shall only be authorized on an exceptional basis and to fund unusual or extraordinary expenditures. The City may not authorize such transfers or interfund loans in consecutive years from the same Enterprise Fund. The Municipal Liquor Stores, and the associated Enterprise Fund, shall be regarded as entrepreneurial in nature. The intent of these activities shall be to maximize revenues to the extent the market allows, which permits it to support other areas of the City financially, such as capital equipment purchases and park improvements. Intergovernmental Revenues Intergovernmental revenues, such as Local Government Aid and Municipal State Aid, are beyond the direct control of the City and shall be relied upon conservatively to support ongoing operations and activities. Since these revenues occur on a consistent and regular basis, they shall be accounted for in the annual budget process. However, given the lack of control, intergovernmental revenues shall not support more than 10% of General Fund budget. Any intergovernmental revenues in excess of this amount shall be directed to the CIP or other one–time expenditures. The City will strive to eliminate the use of Local Government Aid as a source of funding for the annual, operating budget. Grant Revenue or Funding From time to time, the City or its component units may receive grants or similar awards to support the cost of certain activities, projects and/or programs. Consistent with Section 6.05 of the Charter, the City Manager may administratively accept such financial awards or grants assuming they do not require a budget amendment as outlines in other sections of this Manual, specifically the Operating Budget and Capital Investment Program policies. Public Utilities Revenue and Remittance Policy Generally, in order to ensure payment of user charges and fees, the City utilizes special assessments for applicable, unpaid portions of a public utility billor invoice. The procedures and additional costs associated with these and other situations are outlined in Chapter 402 of the Fridley City Code (City Code) and are not addressed in greater detail in this section of the Manual. In order to ensure the timely and accurate payment of user charges and fees associated with the public utilities owned and operated by the City, the City shall utilize the following protocols and procedures. Discontinue of Services Per Section 402.18 of the Code, the City reserves its right to discontinue public utility services without notice for necessary repairs, additional connections or reconnections and non–payment of user charges and/or fees. However, the City will generally refrain from discontinuance in the event of non–payment and assess all applicable user charges, fees and penalties as authorized by Chapter 73 53: Jufn!:/ 402 of the Code. However, the City may discontinue services for its public utilities in following circumstances: Vacant properties; Properties already disconnected from electric and/or gas utilities; Properties where the owners failed to respond to multiple maintenance requests; Properties presenting the potential of a backflow condition that may contaminate the public water system; and Properties presenting an emergency (e.g., significant damage) where the disconnection will preserve the safety and well–being of the property and/or public. Prior to the disconnection of any public utility services, the City shall provide a notice by first– class mail to the property owner of record at least 20 days prior to any action, unless an emergency prevents such a notice. The notice shall include an opportunity to discuss the pending action, and possible steps to prevent disconnection, if appropriate. The Finance Director, or their designee, shall act on behalf of the City, and shall have the authority necessary to correct or otherwise resolve any payment concerns or issues, such as a repayment plan or other alternative. User Charges and Fees For the purposes of adjusting or modifying, including a dispute by a system user, the City shall adhere to the following standards and practices. The Finance Director, or their designee, shall administer and interpret this section. Adjustment. If an adjustment may be required as the result of an error made by the City, a credit will be applied to the account in question. The City shall not issue refund payments directly, unless authorized by the Finance Director, or their designee. The City shall review up to three years of account activity to determine any adjustments. In the event of an “under charged” account, the City may seek to recover its costs for up to the previous three years. When possible, the City will determine the recovery amount based on the user charges and fees in effect during the billing period(s) in question. The City will allow the account to repay the recovery amount in no more than three years, pursuant to a written repayment agreement. Per Minnesota Statute § 216B.098, a public gas and electric utility may not charge interest during a repayment period, and the City shall apply that standard to all of its public utilities. In the event of an “over charged” account, the City will determine the need for an adjustment based on the last actual water meter reading for up to the previous three years. In the event of an adjustment, the City will return the over charged amount with interest using an interest rate determined by the Finance Director at the time of repayment. If the City or system user cannot demonstrate with certainty that a meter has not “rolled over,” stopped, been tampered or any other similar situation, the City will not adjust the billing amount. In the event the City authorizes a refund, it shall not be applied to the account until at least seven 74 541 Jufn!:/ banking days after the applicable deposit of the payment or activity in question, unless otherwise authorized by the Finance Director. No employee may unilaterally adjust or “write–off” their individual account(s) or the account(s) of their friends and/or family members. The employee shall report to the Finance Director any concerns or issues regarding their account(s) or the account(s) of their friends and/or family members – the Finance Director shall report the same situation to the City Manager. Any unilateral action by any employee concerning themselves or their friends and/or family members may result in disciplinary action, up to and including involuntary termination. Leaks and Winter Use. It shall be the responsibility of the property owner to inform the City of a water leak or similar event. If such an event occurs during the Winter Quarter, the property owner must provide the City will information about the event, including a written proof of repair. The City will then adjust the sanitary sewer charges for the Winter Quarter and fees for up to the next three quarters and shall not adjust the original bill as sanitary sewer usage has occurred. Contested Bill or Invoice. If a customer wishes to formally contest their bill, invoice or the response of the City, they must submit their request in writing, including: a description of the situation; their specific request; and their rationale for it. The Finance Director, or their designee, shall review the request and provide a written response with 10 business days. The determination of the Finance Director, or their designee, may be reviewed upon written appeal to the City Manager. Any such appeal must be received within five business days and include a rationale for the appeal. The City Manager shall review the appeal and provide a written determination within 10 business days. As the official representative of the City’s utilities, the decision of the City Manager shall be final. Any unpaid portions of a contested public utility bill or invoice may be assessed to the property in question consistent with Minnesota Statute § 444.075. The City shall provide any party or property subject to such an assessment with at least 20 days of notice prior to the certification of the outstanding charges and fees to the County Auditor. Penalties. The City shall only remove one penalty or similar charge per account holder, unless otherwise authorized by the Finance Director, or their designee. Finalized Accounts.In the event of a discontinuation of service, any account balances will be reduced to zero (i.e., $0). The City will make a reasonable attempt to collect any outstanding balances, including through special assessments, before writing–off an account balance. Any credits or credit balances shall be processed quarterly. Any exception must be authorized by the Finance Director, or their designee. Title Inquiries. Any requests of a title company or similar organization with respect to the outstanding public utility charges and fees shall be responded to in order of closing date. These requests will be completed only once and as reasonably close to the closing date as possible. They 75 542 Jufn!:/ City may charge the requesting party for this information based on a fee established by the City. Meter Installation.Pursuant to City Code § 402.15.2.B, the City may provide a reasonable repayment schedule for the costs associated with the replacement of a meter with a diameter of 1 ½” or larger. The Finance Director, or their designee, shall determine the structure and interest rate for such repayment schedules. However, no repayment schedule shall exceed one year. In the event the customer fails to make timely payments consistent with an authorized repayment schedule, the entire amount, including any unpaid principal and accrued interest, shall become immediately payable and subject to the other sections of this Public Utilities Revenue and Remittance Policy, including the assessment of any unpaid charges and fees at the discretion of the City Council. Other. Generally, the City will consider special assessments as a means for remittance on at least an annual basis. Special Assessment Deferment Policy Pursuant to Minnesota Statutes § 435.193, a home rule or charter city may, at its discretion, defer the payment of an assessment for any homestead property. Generally, the City Council has found and determined that deferral of special assessment for certain senior citizens, persons with disabilities and members of the military to be in the public interest. In each situation, the requesting party must demonstrate that payment of the special assessment would constitute a hardship. Deferment Requirements Based on these guidelines, the City shall consider the following factors to determine if a deferral of a special assessment shall be granted: The property for which deferment is requested must be classified and taxed as homestead property by the City Assessor as of the date the application for deferment is made; The applicant must be the fee simple owner of the property or must be a contract vendee for fee simple ownership; The applicant must be 65 years of age or older or retired by virtue of a permanent and total disability; o In the case of a married couple, one of the spouses must meet this requirement; The first year's installment of the proposed special assessment must, either alone or in the aggregate with installments of other special assessments due against the property and payable in the first year of the proposed assessment, total more than two percent of the applicant's total household income as defined by Minnesota Statutes, Chapter 290A. The applicant for deferment must file a completed application and affidavit with the City Assessor on or before November 15th of the year preceding the year for which deferral status is requested in order to implement the deferral program for said year. 76 543 Jufn!:/ The City Assessor shall include in any and all mailed notices of public hearings with respect to special assessments, a statement explaining the deferment process. The City Assessor shall also transmit all deferments granted pursuant to this section to Anoka County for proper recording, so as to give notice of such deferment to all future owners and encumbrancers of the property for which a deferment has been granted. The owner will make application for deferred payments on forms prescribed by the Anoka County Auditor and the City. Interest Rate. Any special assessment deferred pursuant to this Special Assessment Deferment Policy shall bear interest at the interest rate applicable at the time the assessment was originally levied. Termination Assuming approval, the deferment shall be terminated upon any of the following circumstances or occasions: The subject property is sold, transferred, subdivided, or in any way conveyed to another by the fee owner qualified for deferral status; The death of the fee owner qualified for deferral status unless a surviving joint tenant, tenant in common, or contract vendee is eligible for the deferral benefit provided hereunder; The property loses its homestead status, as determined by the City Assessor, for any reason; and/or The City Council determines that there would be no hardship to require an immediate or partial payment of the deferred special assessment. Other Considerations The City Council shall not be prohibited from determining that a hardship exists, and that a deferment should be granted on the above terms and conditions, even if the eligibility requirements are not met by an applicant, provided that the City Council finds that: There are exceptional and unusual circumstances not covered by the foregoing standards and guidelines; If granted, the deferment will have been made in a non–discriminatory manner, and The granting of the deferment will not give the applicant an unreasonable preference over other applicants. Only special assessments for permanent improvements, which are not requested by the property owners, are eligible for deferment. Current and/or delinquent service charges are not eligible. Service charges include, but are not limited to: water, sanitary sewer, and recycling fees; tree removal costs; weed removal cost; storm drainage charges; street maintenance costs; administrative citations; and nuisance abatement fines and costs. The failure of the City to give notice pursuant to this Special Assessment Deferment Policy or the granting or denial of any deferment shall not invalidate special assessment otherwise made and levied by the City of pursuant to applicable statutory requirements. Upon approval, the City Assessor shall notify the property owner(s) at least annually of the status of their deferment, 77 544 Jufn!:/ including outstanding principal and any accrued interest. The Finance Director or their designee shall administer and interpret this Special Assessment Deferment Policy and the guidelines set forth herein. 78 545 Jufn!:/ Adoptionand Implementation Interpretation Policy The City Manager or their designee, may waive any sections of this Manual, if doing so would not violate any applicable sections of City ordinances, Charter, State and/or Federal laws, or resolutions adopted by the City Council. Wavier of any particular policy or section does not constitute a wavier for the entire Manual and the City Manager, or their designee, may end such waivers in their sole discretion. Apart for this Manual, certain activities and programs are also regulated by the Employee Handbook (Handbook) for non–unionized employees and Collective Bargaining Agreements (CBAs) for unionized employees. In any event when this Manual conflicts with either document, the respective CBA or Handbooks shall control, unless such deference would violate applicable sections of the City resolutions, ordinances, Charter, State and/or Federal laws. In the event that any portion of this Manual shall conflict, or be interpreted to conflict, with the Charter, the Charter shall control. Discipline Violation of this Manual or its corresponding regulations, incorporated herein by reference, by an employee, may result in disciplinary action, consistent with the procedures outlined in the Handbook, up to and including involuntary termination. Adoption This Manual shall be adopted by resolution of the City Council and any applicable component units. It shall also be reviewed by staff on an ongoing basis and any administrative modifications shall be approved by the City Manager, including: changes related to applicable laws and regulations; subsequent actions of the City Council; clerical errors; and revisions to clarify but not change the intent of this Manual. The City Manager shall notify the City Council or the governing body of a component unit, in writing, of any administrative changes or modifications at least 10 days prior to any such revisions to this Manual. All other modifications shall be approved by the City Council or the governing body of a component unit. Adoption Approved and adopted by the City Council on January 8, 2024, effective January 1, 2024. Administrative Revisions None at this time. City Council Amendments None at this time. 79 546 Jufn!:/ This page intentionally left blank. 80 547 Jufn!:/ City of Fridley, Minnesota Capital Investment Program 202-20 548 Jufn!:/ BUDGETAUTHORITY The Proposed Capital Investment Program (CIP) for the City of Fridley, Minnesota (City) for the FiscalYearbeginningJanuary1,2026, andendingDecember31,2026. Pursuant to Section 7.04 and 7.05, and other applicable chapters or sections of the City Charter, this document and its associated volumes and appendices shall be considered the estimates as prepared by the City Manager and the complete financial plan for the City for the ensuing fiscal year(s).This document contains the sums to be raised and from what sources, and the sums tobe spent and for what purposes.For the purposes of compliance, these documents shall be the Proposed2026Budget. With the support of the City Manager and other City staff, the City Council (Council) will consider formally adopting this budget on December 22, 2025.The Council and other officials involved in thedevelopmentof thisbudgetarelistedbelow. ElectedOfficials 4 Year Terms Expiring December Mayor David Ostwald 2028 Councilmember, At–LargePatrick Vescio 2028 Councilmember, Ward No. 1Luke Cardona 2026 Councilmember, Ward No. 2Ryan D. Evanson2026 Councilmember,WardNo.3 AnnR.Bolkcom 2026 AppointedOfficials CityManager Walter T. Wysopal CityAttorney,CivilAffairs SarahJSonsalla City Attorney, Criminal Affairs City of Coon Rapids Assistant City Manager/City MelissaM. Moore Clerk DepartmentDirectors Paul Bolin Director of Community Development Michael W. Maher Director of Community Services Rebecca A. Hellegers DirectorofEmployeeResources Joseph A. Starks Directorof Finance & City Treasurer Ryan N. George DirectorofPublicSafetyandChiefofPolice James P. Kosluchar DirectorofPublicWorksandCityEngineer 549 Jufn!:/ TABLEOFCONTENTS BudgetOrganization4 GuidingPrinciples5 ExecutiveSummary6 CapitalProjectFunds BuildingCapitalProjects12 StreetCapitalProjects14 ParkCapitalProjects14 InformationTechnologyCapitalProjects19 EquipmentCapitalProjects19 EnterpriseFunds WaterUtility23 SanitarySewerUtility25 StormWaterUtility27 MunicipalLiquor29 54: Jufn!:/ BUDGETORGANIZATION ProposedBudgetStructure The Proposed 2026 BudgetfortheCityofFridley,Minnesota(City,Fridley)containsthefollowing volumesandsupplementalbudgetdocumentsand/orappendices. FigureNo.1:BudgetStructureandVolumes VolumeTitleDescription No. IBudget Overview andA summary of the overall budget containing a brief history Summaryof the organization, demographic and economic trends, organizational structure, budget summaries, major budget assumptions and factors, and analysis and discussion of budget decisions along with a review of fund balances and debtservice. The summary also includes discussion of common budget terms and information about any underlying assumption andappendices,if needed. IIBudget Detail andA detailed review of all budgeted revenues and FinancialReportsexpenditures, including personnel, supplies and contractual services.The volume represents the proposed operating budget for the purposes of budget authority and compliance. IIICapital InvestmentA summary and detailed review of the various capital Program(CIP)budgets and funds of the City including individual project analysis and other considerations.The volume represents the proposed budget for the purposes of budget authority andcomplianceforallcapitalprojectfunds. OtherFinancialEach volume and/or section of this budget are adopted in ManagementPoliciescompliance with the various financial management policies as adopted by the Council.For more information on these policies,pleasecontacttheFinanceDepartment. 551 Jufn!:/ GUIDINGPRINCIPLES Toguide and inform the development of the annual budget, the Council and CityManager rely on a series of guiding principles and documents, principally the Vision Statement, OrganizationalValuesandthestrategicplan,knownasFocusonFridley. VisionStatement In2015,theCounciladoptedthefollowingVisionStatementtogenerallyguidetheoperations, programsandprojectsoftheCity.TheCouncilreaffirmedthisVisionStatementin2019. WebelieveFridleywillbeasafe,vibrant,friendlyandstablehomeforfamiliesandbusinesses. OrganizationalValues TheCouncilalsoestablishedthreeprimaryorganizationalvaluestoguidethebehaviorandculture oftheorganization.Inallthings,theCityshallbe: Friendly,ResponsiveandDriven. FocusofFridley In 2019, the Council, through two strategic planning workshops, met to discuss their ideas and thoughts for the City over the next two years.Using these discussions, the Council eventually compiled a strategic plan known as Focus on Fridley.Along with several specific projects, the Councilidentifiedfivestrategicgoalsor“focusareas”toguideotherCityinitiativesandprograms. Inno particularorder,theseFocusAreasare: 1.CommunityIdentityandRelationshipBuilding; 2.PublicSafetyandEnvironmentalStewardship; 3.VibrantNeighborhoodsandPlaces; 4.FinancialStabilityandCommercialProsperity;and 5.OrganizationalExcellence. These Focus Areas provide guidance throughout the development of the Proposed 2026Budget andserveasdirectionfordailyactivitiesandexpendituresoftheorganization.Basedonprevious practices,theCouncilconductedanotherstrategicplanningexercisein2025,whichhadasimilar impactonthebudgetdevelopmentprocessandplannedexpenditures. 552 Jufn!:/ EXECUTIVESUMMARY Introduction Annually, the Council, upon the recommendation of the City Manager, proposes a five–year Capital Investment Program (CIP) to provide for and maintain public facilities and equipment. As both a budgeting and planning tool, the CIP balances the finite resources of the City with the policygoalsandobjectivesof theCouncil. The CIP and the associated capital projects differ from the operating budget as they often represent larger, individual or “one–time” financial obligations that may span several years (e.g., the construction of a new building).Generally, a capital project may include the acquisition ofreal estate, construction of public improvements and/or the purchase of equipment.Per Citypolicy, theactivity orprojectmustexceed$10,000forinclusionintheCIPgenerally. AlongwiththeGuidingPrinciplesoutlinedabove,theCIPremainsconsistentwiththeactionsand plansoftheCouncil,including,butnotlimitedto:2040ComprehensivePlan;ActiveTransportation Plan;AmericanswithDisabilitiesAct(ADA)TransitionPlan;PavementManagementPlan; and the University Avenue and Trunk Highway 65 Corridor Development Study. In additionto these plans and studies, the Council adopts several agreements and/or contracts, which alsomodifytheCIP. Lastly,theCityadoptedanewParkSystemImprovementPlan2022,whichwillhavea significant impactoncapitalplanningandprojectsforthe next 8years. BudgetDevelopmentProcess Through an extensive process, the City, in concert with Anoka County and other agencies, identified various activities and capital projects eligible for inclusion in the CIP.The CIP seeks to both determine the full cost of the project (e.g., design, engineering, construction, inspection, operations)andassignappropriatefundingorrevenuesourcesaccordingly. GiventhelimitedresourcesoftheCityandthetypicallyhighcostofcapitalprojects,theCityrates allcapitalprojectrequestsusingfiveprioritycategories.Inorder,theyare: 1.Essential,HealthorSafetyMandate; 2.ProvideEfficiencyorReturnonInvestment; 3.ProvidesLong–TermBenefit; 4.ExternalFundingAvailable;and 5.FutureConsideration. Many capital projects may be considered under multiple priority categories.In those situations, thecapitalprojectwillbeassignedthehighest,applicablepriorityrating.Theratingsareassigned by staff and are not necessarily reflective of the overall priorities of the CIP as approved by the Council. 553 Jufn!:/ As mentioned above, the development process for the CIP requires several months of review and analysis. Despite this process, the City may add a capital project at any time based on the level of need (e.g., safety concern, legal mandate), consistent with the City Charter (Charter). Absent such a change, the CIP development typically follows the following schedule. •Information Technology (IT) and CIP Request Forms Completed March •2026 Budget Outlook and Objectives Workshop with City Council •Annual Town Hall Meeting April •Review 2024 Audit and 2026-2030 Proposed CIP development by Finance •Release 2026 Budget Instructions and Request Forms to Departments June •Internal meetings with individual departments to review and refine budget requests July •Internal meetings with the City Manager to further review budget requests •Proposed 2026 General Fund and Preliminary Levy Reviewed with City Council Aug. •Proposed 2026 General Fund Budget, Property Tax Levy and Utility Rate and Budget Workshop with City Council •Preliminary 2026 Property Tax Levy adopted by City Council Sept. •Proposed 2026 Utility Rate and Budget Workshop with City Council •Proposed 2026 Utility Rates and Fees reviewed and adopted by the City Council Oct. •Continued internal meetings with the City Manager to further review budget requests •Proposed 2026 Budget, Final Tax Levy and Proposed 2026-2030 CIP Workshop with City Council Nov. •Truth-in-Taxation and Proposed 2026 Budget Public Hearing Conducted by City Council •Proposed 2026 Budget, Final 2026 Property Tax Levy and Proposed 2026-2030 CIP adopted by the City Council Dec. Document Structure For accounting and budget development purposes, the City divides the CIP into several areas. Generally, there are two types of funds supporting capital projects: 1) Capital Project Funds; and 2) Enterprise Funds. For the purposes of this document, they are further divided into a total of nine sections as outlined on the next page. 554 Jufn!:/ Figure No.3:CIPFundsby Fund Type Capital ProjectFunds Enterprise Funds 1. No. 405,Building Capital Projects 1. No.601,WaterUtility 2. No. 406,Street Capital Projects 2. No. 602, Sanitary SewerUtility 3. No. 407,Park Capital Projects 3. No. 603, Storm Water Utility 4. No. 409,IT CapitalProjects 4. No. 609, Municipal Liquor 5. No. 410, EquipmentCapital Projects More information and analysis concerning each area may be found in their respective section in the latter portions of this document. These sections include discussion about the allowable uses of the fund and/or section, project highlights or comments and further financial analysis. Lastly, only the first year of the CIP constitutes budget authority or the authorization to expend funds related to the respective capital projects per City regulations. The remaining four years may be considered a plan and are subject to change annually as part of the CIP development process. Financial Summary The Proposed 2026–2030 CIP contains 158 separate capital projects with planned expenditures totaling approximately $84,728,300 spread over the five–year plan. Over that same period, the City anticipates $84,728,300 in funding sources. In 2026, the City plans to expend about $6,801,000 of fund balances from the five Capital Project Funds while not using cash balances in the four Enterprise Funds. Figure No. 4 outlines the revenue projections in greater detail. Figure No. 4: Capital Projects by Funding Source 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 - BudgetProjectionProjectionProjectionProjection 20262027202820292030 StreetStorm WaterWaterSanitary Sewer Capital EquipmentCable TVParksIT Projects BuildingsLiquor 555 Jufn!:/ With respect to expenditures, the Proposed 2026–2030 CIP budgets approximately $32,477,600 for all capital projects across the various funds in 2026. Figure No. 5 outlines the proposed capital project costs in greater detail. Generally, the CIP expenditures for 2026 remain consistent with previous years. Figure No. 5: Capital Project Expenditures by Fund, 2026 0% 1% 1% 18% 22% 11% 0% 6% 7% 33% StreetStorm WaterWaterSanitary SewerCapital Equipment Cable TVParksIT ProjectsBuildingsLiquor External Funding. From time to time, the City may receive a grant or partner with another agency, such as a neighboring municipality, to accomplish certain capital projects. Figure No. 6 below outlines some of the various grants and contributions from external agencies anticipated as part of Proposed 2026-2030 CIP. Figure No. 6: Anticipated Capital Grant Awards Proposed 2026–2030 CIP FundProject Year Amount Source Water Utility Locke Park WTP GAC 2026/27 $2,950,000State th Streets Capital Project 57 Avenue Bridge 2026$1,020,000State Design Bonding Streets Capital Project Safe Routes to School 2026$1,000,000State 556 Jufn!:/ Despitetheseexternalfundingsources,theCitymayneedtoexaminerevenuealternativesforthe variousfundssoon,whichmayincludeincreasesincharges–for–service,interfund loans from the Community Investment (CI) Fundandincreased levy and revised allocations of local government aid (LGA).Forexample,theProposed2026–2030CIPincludes$32,000,00inProvisionalProjects th forthe 57Avenue Bridge Project.Unlikeregularcapitalprojects,theCityhasnotyetidentified fundingsourcesfortheProvisionalProjects.Thesecapitalprojectsareforplanningpurposesonly anddonotconferorestablishanyofficial budget authority. Figure No. 7 below outlines the revenues and expenditures for the Proposed 2026–2030CIP includingtheProvisionalProjects. Figure No. 7: Capital Project Expenditures, by Funding Source 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 - BudgetProjectionProjectionProjectionProjection 20262027202820292030 StreetStorm WaterWaterSanitary Sewer Capital EquipmentParksIT ProjectsBuildings LiquorProvisional FormoredetailedanalysisregardinganysectionoftheCIPorgreaterinformationaboutaspecific capitalproject,pleaserefertothatCIPsectionorthecapitalprojectworksheet,respectively. Community Investment Fund.In 2019, the Council created the Community Investment (CI)Fund. Generally, the CI Fund shall be used to issue interfund loans to support the cost of long–term improvements to public utilities owned and operated by the City, specifically the Water,Sanitary SewerandStormWaterUtilities. Uponrepayment,theinterestincomeearnedonthoseinterfund loans,oracertainamountoffundbalancemaybeusedtosupportthecostofparkandrecreation improvementsthroughouttheCity. AsofDecember31,2024,theCIFundmaintainedacashbalanceofabout$12,519,738.Future planned uses include approximately $10 million for the Park System Improvement Plan as well as a projected $1.3million interfund loan to the Equipment Fund in 2027to finance the replacement of the aerial apparatus fire truck. Repayment would begin in 2028. 557 Jufn!:/ Fund Balance Thresholds. For public utilities, the City attempts to maintain a cash balance of 6 months of operating, debt service and anticipated capital costs. Due to the inclusion of capital costs, the cash balance threshold may fluctuate based onthe activity of the given year. For the various funds included in the Proposed 2026–2030CIP, the City maintains different cash or fund balance thresholds. These thresholds ensure that adequate resources are available to meet cash flow needs for carrying out the regular activities of the fund. The thresholds are based on the average expenditures over a five–year period plus any capital projects planned for a given year. They may also change based on the anticipated activity of the fund in question. These thresholds are outlined in Figure No. 8. FigureNo.8:Fundor CashBalanceThresholds FundNo. Fund Threshold Basis 405Building Capital Projects 35%Fund Balance 406Street Capital Projects35%Fund Balance 407ParkCapital Projects35%Fund Balance 409IT Capital Projects 35%Fund Balance 410Equipment CapitalProjects35%Fund Balance 601WaterUtility 50%Cash Balance 602Sanitary Sewer Utility 50%Cash Balance 603Storm Water Utility50%Cash Balance 609Municipal Liquor5% Cash Balance Conclusion Through thoughtful planning, a sensible use of financial resources and meaningful engagement with interested stakeholders, the Proposed 2026–2030 CIP makes transformative investments in the Fridley community. It builds upon the evergreen effort of the City Manager and Council to make the City a safe, vibrant, friendly, and stable home for families and businesses. Consistent with the process outlined above, the Council will consider final adoption of the Proposed 2026–2030 CIP on December 22, 2025, following additional review throughout the rest of the year. The remainder of this page intentionally left blank. 558 Jufn!:/ BUILDINGCAPITALPROJECTS IntroductionandAllowableUses TheBuildingCapitalProjectsFundaccountsforfundsaccumulatedfortheacquisition, construction, improvement and/or major repairs of public buildings, including:the Fridley Civic Campus (i.e., City Hall, Police Station, Fire Station No. 1); the Public Works Building; and other municipal buildings that may not be otherwise supported by other Capital Projects or Enterprise Funds. The City may also use the fund to finance the acquisition of real estate for the City and its componentunits. The primary funding sources for this fund includegrants, investment income, fund balance and Local Government Aid (LGA),when necessary. ProjectHighlights In2026,theCIPfortheBuildingCapitalProjectsFundappropriates$251,000ofbudgetauthority for: $100,000, Fridley Civic Campus Systems Optimization (Project No. 405-31-26150) $81,000, Commons Park Building Solar (Project No. 405-31-269153) $50,000,Facility Security Improvements(ProjectNo.405–31–26152) $20,000,General Building Improvements (ProjectNo.405–31–26151) FinancialSummary TheBuildingCapitalProjects Fund remains approximately $1,557,284above the fund balance threshold establishedfor the fundin 2026. Based on the projected level of capital project activity, the fund willremain abovefundbalancerequirements throughtheendofthefive–yearprojection, asoutlinedinFigureNo.9on thefollowingpage. BudgetReallocation.Basedoncurrentexpenditureactivity,theProposed2026–2030CIP assumesno“carry-over”budgetauthorityfrom2025intheBuildingCapitalProjectsFund. Proposed 2026 –2030 CIP, Funding Sources and Expenditures $600,000 $1,800,000 $1,600,000 $500,000 $1,400,000 $400,000 $1,200,000 $1,000,000 $300,000 $800,000 $200,000 $600,000 $400,000 $100,000 $200,000 $- $- BudgetProjectionProjectionProjectionProjection 20262027202820292030 Funding SourcesCapital Plan ExpendituresEnding Fund Balance 559 Jufn!:/ STREETCAPITALPROJECTS IntroductionandAllowableUses TheStreetCapitalProjectsFundaccountsforfundsaccumulatedfortheacquisition,construction, improvement and/or major repairs of transportation infrastructure, including:curb and gutter; bridges;sidewalks;streets;streetlights;trafficsignalsandsignage;andtrails.TheCitymayexpend funds on such facilities under its jurisdiction or in partnership with an area agency controlling similarassetswithintheCity. The primary funding sources for this fund include Federal grants, State Grants, Municipal State Aid (MSA), Local Government Aid (LGA)andspecial assessments.Additionally, the operating budget includes significant funding from a variety ofsourcesforongoingmaintenanceactivities relatedto streets. ProjectHighlights In 2026, the CIP for the Street Capital Projects Fund appropriates $5,756,000of budgetauthority for12capitalprojects,mostnotably: $1,375,000, for the Street Rehabilitation Project (ProjectNo.406–31–26001); $1,300,000, for Safe Routes to School Project ST2026-21 (Project No. 406-31-26801); th $1,020,000, for the 57Avenue Bridge Design (Project 406-31-25801); $600,000, for ADAImprovements (Project 406-31-26800); $420,000, for Mississippi Street Improvement –Phase II (Project 406-31-25900); and FinancialSummary Duringtheinitialanalysisforthefundinearly2019,plannedcapitalprojectexpendituresexceeded available funding sources resulting in a negative fund balance beginning in 2022 and continuing for the foreseeable future.Based on that analysis and the desireof the Council not to reduce or eliminate planned capital projects, the Council reviewed several funding alternatives designed to improve the fund projection.As a result of these discussions, the Council implemented a hybrid fundingsolution,whichincludedthelevyingofadditionalpropertytaxes.Inpractice,theproperty tax changes allowed the Streets Capital Projects Fund to reallocate approximately $251,700 of street sealing expenditures annually, a traditionally operating budget cost, to the General Fund thereby providingmoreworkingcapitalforcapitalprojects. The Council further augmented this funding strategy by amending the special assessment policy. Ineffect,thepolicychangeincreasedthespecialassessmentsperpropertybyapproximately15%, depending upon the given capital project, and allowed the City to seek a greater reimbursement for staff time associated with assessable capital projects.Generally, the combination of these changesimprovedthelong–termsolvencyoftheStreetsCapitalProjectFund. Shortly after the implementation of these changes, the Council, as a result of a resident petition fromparticularneighborhood,openeddiscussionsaboutcertainstreetsinthecommunity experiencingearlierthanexpecteddeterioration.Generally,theCityattributedthisrapid deteriorationtoanindustry–widechangeincertainasphaltformulasduringthe1990s,whichhas 55: Jufn!:/ since been corrected. Due to this challenge and interest from the community, the Council, upon recommendation of the City Manager, revised the Pavement Management Plan and modified Proposed 2022–2026 CIP to address the issue. Beginning in 2024, and moving forward, Local Government Aid (LGA) was allocated to the fund to assist with ensuring the fund is able to meet fund balance requirements and fund necessary projects. Unfortunately the fund will not meet fund balance requirements for future years through 2030, so the City will need to look at alternate funding scenarios, including allocating additional LGA. Figure No. 10 presented on the next page outlines the financial position of the fund over the five–year period excluding the provisional projects mentioned below. Based on the current revenue and expenditure levels, the Street Capital Projects Fund cannot support any additional capital projects without exhausting the existing fund balance. As such, the City shifted 2 capital projects from active to provisional status, including: $32,000,000, for 57th Avenue Bridge Construction (Project No. 406–31–29299); and $1,450,000, for Mississippi Street Improvement Project – Phase II. Budget Reallocation. Based on current expenditure activity, the Proposed 2026–2030 CIP assumes $890,000 of “carry–over” budget authority from 2025 in the Streets Capital Projects Fund. Street Capital Projects Fund Summary Proposed 2026 –2030 CIP, Funding Sources and Expenditures $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $- ActualBudgetBudgetProjectionProjectionProjectionProjection 2024202520262027202820292030 Funding SourcesCapital ProjectsEnding Fund BalanceMin Fund Balance 561 Jufn!:/ PARKSCAPITALPROJECTS IntroductionandAllowableUses The Parks Capital Projects Fund accounts for funds accumulated for the acquisition, design, engineering,construction,improvementand/ormajorrepairsofparksandopenspaces maintainedbytheCity,including:communityandneighborhoodparks;playgroundand recreation equipment; recreation facilities; trails located in and around park units; and related activities.ThefundalsosupportscapitalprojectplannedfortheSpringbrookNatureCenter. The primary funding sources for this fund include bond proceeds from the issuanceof General Obligation Tax Abatement bonds in 2022 for the approved Park System Improvement Plan, the Community Investment Fund, parkdedication fees and State grants.The transfers–in from other funds may fluctuate based upontheperformanceof thosefundsand the timing of project spending. ProjectHighlights In 2026, the CIP for the Park Capital Projects Fund appropriates $7,291,000of budget authority for 13capitalprojects,mostnotably: $4,500,000, forCommonsPark Improvements related to the PSIP(Project No. 407-31- 24710); $976,000, for Flanery Park Improvements (Project No. 407-1-26711) $690,000, for SNC Boardwalk Trail Replacement (Project No. 407-31-25443) $300,000, for Community Park Soccer Complex(Project No. 407-31-26714); $298,000, for Summit SquarePark Improvements (Project No. 407-31-25713); and $200,000, for Locke Park Upgrades (Project No. 407-31-25601). Additionally,thefundincludes$50,000ofbudgetauthorityforpossiblegrantapplications(Project No.407–31–26600).Thebudgetauthoritymayonlybeexpendedtosupportmatching requirements for qualified park and open space grants.In the past, the City often reallocatedfunds from other capital projects to support grant activities.However, this budget authority willallow theCitytomaximizeexternalfundingwithoutunexpectedlyimpactingothercapitalprojects. FinancialSummary TheCity will use approximately $3,418,600in bond proceeds (from bonds issued in 2022), as well as approximately $2,785,400 in a transfer of Community Investment Funds tosupport13capital projectsin2026.The fund meets the fund balance threshold established by the Council;even with thesehigher expenditurelevelsfortheParksCapitalProjectFunddue to the approved Park System Improvement Plan. In 2022, the Council adopted thePark System ImprovementPlan (Plan).Given theanticipated financial impact of the Plan, the Proposed 2026–2030CIP temporarily suspends mostfund activities to increase the resources generally available to implement the Plan and avoid any unnecessary or unplanned Park System improvements due to adoption of the Plan.During this transition, the Parks Capital Projects Fund will continue to support capital projects for the 562 Jufn!:/ Springbrook Nature Center and to maintain the safety of the Park System. It will also provide budget authority for design and engineering costs related to the Plan. Through this approach, the fund may reserve additional monies to support anticipated Plan activities. The fund meets fund balance requirements through 2030. The fund balance requirement is higher because of the Plan, though transfers from the CIF will continue to cover all Plan expenditures through the end of the program. Figure No. 11 outlines the financial position of the fund over the five–year period (excluding the Provisional Projects). Despite the needs associated with the Plan, the Proposed 2026–2030 CIP continues the reallocation $375,000 (or $75,000 annually) of municipal liquor proceeds, over the five–year period, from the Parks Capital Projects Fund to the Equipment Capital Projects Fund to support the planned replacement of an Aerial Platform Apparatus (i.e., ladder truck) in 2027 (Project No. 410–21–27901). As a result, all municipal liquor proceeds will be used to support capital equipment needs. Additionally, $475,000 (or $95,000 annually) in LGA continues to be shifted to the Equipment Capital Projects Fund, IT Capital Projects Fund and Streets Capital Fund to support capital equipment, technology and streets infrastructure needs. The approved Plan includes approximately $30 mil. of improvements over an 8–10-year period. The recommendation from the Plan’s Finance Advisory Committee, and approved by Council, includes funding the plan from approximately $20 mil. in bond proceeds from the issuance of General Obligation Tax Abatement Bonds, which were approved and issued in 2022. The remaining approximate $10 mil. will be funded from internal City funds, namely the Community Investment Fund. Budget Reallocation. Based on current expenditure activity, the Proposed 2026–2030 CIP assumes $797,000 in “carry–over” budget authority from 2025 in the Parks Capital Projects Fund. Parks Capital Projects Fund Summary Proposed 2026 -2030 CIP, Funding Sources and Expenditures $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $- BudgetProjectionProjectionProjectionProjection 20262027202820292030 Funding SourcesCapital Plan ExpendituresEnding Fund Balance 563 Jufn!:/ INFORMATION TECHNOLOGY CAPITALPROJECTS IntroductionandAllowableUses The Information Technology (IT) Capital Projects Fund accounts for funds accumulated for the acquisition, expansion, improvement, replacement and/or major repairs of IT resources and systems,including:computers;enterprise–levelormajorsoftware;networkingequipment;servers; and other significant hardware. The IT Capital Projects Fund may not support ongoing ITcostsor operations,suchaslicensingandmaintenancefees. The primary funding sources for this fund include LGAand property taxes. Atpresent,noother CIPsectionreceivespropertytaxsupportforitsactivitiesorprojects. ProjectHighlights In2026,theCIPfortheITCapitalProjectsFundappropriates$435,000ofbudgetauthorityfor10 capitalprojects,mostnotably: $130,000, for the regular replacement of various computers, servers, network equipment and peripheral devices as well as the purchase of new equipment as determined by the annual IT Project Schedule and associated three–year strategic plan (Project No. 409–13– 26001); $130,000, for the replacement of various copiers citywide (Project No. 409-13-26002); and $35,000, for a Emergency Operations Center audio visual updates(ProjectNo.409–13– 26301). Inadditiontotheseactivities,theITCapitalProjectsFundsupportstheresearchanddevelopment oftechnologysolutionsfortheCitythroughanannualappropriationof$10,000intheformofan “Information Technology Innovation Set–Aside” (Project No. 409–13–26003).Generally, the set– asideallowstheCitytorespondinthetimelierfashiontothetechnologyneedsoftheorganization and technology developments outside of the regular CIP development schedule.Regardless of the capital project, all expenditures supported by the IT Capital Project Fund must be consistent withtheITSystemPrinciplesasauthorizedbytheCity Managerin2019. FinancialSummary Duetotheplannedlevelofexpenditures,theCitywilluseapproximately$66,300offundbalance in 2026.The fund will be about $27,300 below the fund balancethresholdin 2026and, based on the projected expenditures, will not meet the fundbalancethresholduntil 2027.FigureNo.12 outlinestheplannedactivitiesandcorrespondingchangeinfundbalance. Given the cost pressure on the fund over the projection period, the Proposed 2026–2030CIP assumesan approximate fourpercentincreaseinthepropertytaxlevyfortheITCapitalProject Fundannuallyat least through 2026. Budget Reallocation.Based on current expenditure activity, the Proposed 2026–2030CIP assumes$45,000“carry–over”budgetauthorityfor2025intheITCapitalProjectsFund. 564 Jufn!:/ Information Technology Fund Summary Proposed 2026 -2030 CIP, Funding Sources and Expenditures $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $- BudgetProjectionProjectionProjectionProjection 20262027202820292030 Funding SourcesCapital Plan ExpendituresEnding Fund Balance The remainder of this page intentionally left blank. 565 Jufn!:/ EQUIPMENTCAPITALPROJECTS IntroductionandAllowableUses The Equipment Capital Projects Fund, also known as the Capital Equipment Program (CEP), accounts for funds accumulated for the acquisition, lease, replacement and/or major repairs of larger or more expensive equipment, including:public works and public safety vehicles and equipment; parks and landscaping equipment; and other major equipment needs as determined bytheCityManagerandCouncil. Theprimaryfundingsourcesforthisfundincludesauctionproceeds, LGA,municipal liquor store proceeds and utility fees (if applicable).Additionally, the Cityno longer makes use of equipment certificates or other forms of debt to finance the acquisitionorreplacementof equipment.Unlike the other sections of the CIP, the CEP may reference other capital project or enterprisefunds as funding sources to support the acquisition or replacement of vehicles and equipment.As such, the CEP allows the City to budget and plan for equipment needs across the entireorganization andthrougha unifiedprocess. ProjectHighlights In2026,theCIPfortheEquipmentCapitalProjectsFundappropriates$1,927,100ofbudget authorityfor24capitalprojects,mostnotably: $415,000, for Critical Incident Mitigation, De-Escalation Rescue Vehicle(Project No.410– 21–25101); $345,000, for Wheeled Loader Replacement (Project No. 410-31-26801); $165,000, for Police Division Vehicle Replacement (Lease) (Project No. 410-21-26110); $150,000, for Police Division Vehicle Replacement (Project No. 410-21-26100) $150,000, for Public Safety Communications Upgrade (Project No. 410-21-25105);and $112,100, for Parks Pick-Up Truck Replacement (Lease) (Project No. 410-31-26610). FinancialSummary Duetotheplannedlevelofexpenditures,theCitywilluseapproximately$714,000offundbalance in 2026.Thefundis not in compliance with fund balance requirements through 2030,and the City will need to look at alternate funding sources and may need to look at the timing of equipment replacement projects in future year. Thesignificant decrease in fund balance over the 5-year CIP period may be primarilyattributedto theplannedreplacementoftheAerialPlatformApparatus(i.e.,laddertruck)in2027(Project No. 410–21–27901).Given the financial stress placed on the fund by these majorequipment replacements, the Proposed 2026–2030CIP continues the increasedreallocation by$375,000 (or $75,000annually) of municipal liquorproceeds,overthefive–yearperiod,fromtheParksCapital ProjectsFundtotheEquipmentCapitalProjectsFund.Additionally, $425,000 (or $85,000 annually) in LGA continues to be shifted to the Equipment Capital Projects Fund, from the Parks Capital Project Fund, to support capital equipment needs. Even with these changes, the fundis scheduled to borrow approximately $1,300,000 in 2027from the Community Investment Fund in order to purchase the ladder truck. 566 Jufn!:/ Additionally, the City Manager, following a review by the Council, authorized the use of long–term leases in lieu of acquisition for certain vehicles, most notably for the Public Works and Community Development Departments. By leasing certain vehicles, the City may reduce the overall cost of ownership by acquiring, then selling vehicles sooner to realize higher resale or trade–in values. This program also provides the City with a safer, more full–efficient fleet, requiring less repair, which better protects staff and reduces operating costs. Figure No. 13 outlines the planned activities and corresponding change in fund balance. Budget Reallocation. Based on current expenditure activity, the Proposed 2026–2030 CIP assumes $535,000 in “carry–over” budget authority from 2025 in the Equipment Capital Projects Fund. Capital Equipment Fund Summary Proposed 2026 -2030 CIP, Funding Sources and Expenditures $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $- BudgetProjectionProjectionProjectionProjection $(500,000) 20262027202820292030 Funding SourcesCapital Plan ExpendituresEnding Fund Balance 567 Jufn!:/ WATERUTILITY IntroductionandAllowableUses The Water Utility Fund accounts for funds accumulated for the operational and capital expenses related to the public water utility owned and operated by the City.For the purposes of the CIP, this section contains budget authority for capital projects related to the acquisition, expansion, improvement, replacement and/or major repairs of water utility facilities and systems, including: fire hydrants; pumps; water mains; water treatment facilities; water towers; wells; and their associatedcomponents. Theprimaryfundingsourcesforthisfundincludewater utility fees, grants and low interest loan financing.Annually,theCouncilreviewsandadoptswaterutilityratesandchargestofinancethese activities. ProjectHighlights In 2026, the CIP for the Water Utility Fund appropriates $10,680,700of budget authority for 15 capitalprojects,mostnotably: $2,950,000, for the Locke Park Water Treatment Plant (WTP) Granular Activated Carbon (GAC) Treatment Upgrades Project(Project No. 601-60-25194); $1,900,000, for storage retrofits and reconditioning (Project No. 601-60-25192) $1,750,000,for a new distribution system extension-watermain (Project 601-60-26101); $1,500,000, for Treatment Plant Retrofits (Project 601-60-26497) $1,435,000,tosupportthereconstruction,rehabilitation,andinterconnectionoftheexisting water distribution system in conjunction with annual street rehabilitation project(s) and otherstreetimprovements(ProjectNo.601–60–26406). The public utility funds and their associated CIP sections typically contain capital projects in conjunction with the street improvement planned in the Street Capital Projects Fund.Generally, the City accomplishes these expansions, improvements,or reconstruction of the water utility system in concert with these other capital project in order to reduce the additional costs and furtherservicedisruptionsfromastand–alonepublic utilityproject. FinancialSummary The WaterUtility Fund will be belowthe cash balance threshold through 2030. Additionally, the WaterUtility Fund will continue repayment of an interfund loan from the CI Fund for the previously completedLockeParkWaterTreatmentPlantRehabilitationProject.Perthetermsauthorizedby theCouncil,thefundwilltransferoutapproximately$422,000totheCIFundannuallyfor10years which beganin 2020. The interestincome from thisinterfund loan will be used tosupporteligible parksandrecreationcapitalprojects. The project having the biggest impact on the fund is the Locke Park Water Treatment Plant (WTP) Granular Activated Carbon (GAC) Treatment Upgrades Project, with a projected cost of $5,900,000 between 2026and 2027. The project has been in provisional status for a number of years as the City awaited funding from the State. In 2025, the City received word of qualifying for low interest 568 Jufn!:/ financing with loan forgiveness. The project will receive 50%, of $2,950,000, in a loan forgiveness grant because it is listed as a New Emerging Contaminants project. The City is in process and has approved an agreement with MN PFA for $2,950,000 in low interest financing for the remainder of the project cost. Annual repayments of approximately $191,000 will begin in 2026 or 2027 (depending on the timing of when funds are requested) and will be repaid with utility funds. The revenue projection assumes a 5% increase in water sales annually to support this as well as ordinary capital project expenses, to better maintain appropriate cash balance levels and service interfund loan payments. Should the City be guaranteed for loan forgiveness, rate increases would likely be lower in the future. Figure No. 14 below outlines the planned activities and corresponding change in fund balance. Budget Reallocation.Based on current expenditure activity, the Proposed 2026–2030 CIP assumes $1,115,000 in “carry–over” budget authority for 2024 in the Water Utility Fund. Figure No. 14: Water Utility Fund Summary Proposed 2026 -2030 CIP, Funding Sources and Expenditures $20,000,000 $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- BudgetProjectionProjectionProjectionProjection 20262027202820292030 Funding SourcesNon-Capital Expenses Capital Plan ExpensesCash Ending Balance 569 Jufn!:/ SANITARYSEWERUTILITY IntroductionandAllowableUses The Sanitary Sewer Utility Fund accounts for funds accumulated for the operational and capital expenses related to the public sanitary sewer utility owned and operated by the City in concert withtheMetropolitanCouncil.ForthepurposesoftheCIP,thissectioncontainsbudgetauthority related to the acquisition, expansion, improvement, replacement and/or major repairs of sanitary sewerutilityfacilitiesandsystems,including:liftstations;sanitarysewerpipeliningand replacement; sanitary sewer force mains; collectors’expansion and reconstruction; and their associatedcomponents. The primary funding sourcefor this fund includes sanitary sewerutility fees. Annually, the Council reviews and adopts utility rates and charges to support theseactivities. ProjectHighlights In2026,theCIPfortheSanitarySewerUtilityFundappropriates$2,372,400ofbudgetauthority for8capitalprojects,including: $1,250,000, for sanitary sewer collection system lining(Project No. 602-60-26450); and $879,000, for sanitary sewer lift station rehabilitation (Project No. 602-60-27519). The public utility funds and their associated CIP sections typically contain capital projects in conjunction with the street improvements planned in the Street Capital Projects Fund or CIP. Generally,theCityaccomplishestheseexpansions,improvementsorreconstructionofthesanitary sewer utility system in concert with these other capital project in order to reduce the additional costsandfurtherdisruptionof a stand–alonepublic utility project. FinancialSummary The Sanitary Sewer Utility Fund will beabout $2,316,000below the cashbalance threshold established by the Councilin 2026and will remain belowcash balance thresholdsthrough 2029. A 13.0%rate increase is budgeted for 2026, with similar increases projected through 2030. The City mayneed toconsider the additional rate increases in future years because the MCESdisposal fee that comprises nearly 80% of all operating expenditures increased 12.88% from 2025to 2026. 56: Jufn!:/ Budget Reallocation. Based on current expenditure activity, the Proposed 2026-2030 CIP assumes $764,000 in “carry–over” budgetauthority from 2025 in the Sanitary Sewer Utility Fund. Figure No. 15: Sanitary Sewer Utility Fund Summary Proposed 2026 -2030 CIP, Funding Sources and Expenditures $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- BudgetProjectionProjectionProjectionProjection 20262027202820292030 Funding SourcesNon-Capital ExpensesCapital ExpensesEnding Cash Balance 571 Jufn!:/ STORMWATERUTILITY IntroductionandAllowableUses The Storm Water Utility Fund accounts for funds accumulated for the operational and capital expenses related to the public storm water utility owned and operated by the City.For the purposes of the CIP, this section contains budget authority for capital projects related to the acquisition, expansion, improvement, replacement and/or major repairs of storm water utility facilitiesandsystems,including:floodcontrol;sedimentremoval;stormwatermainsand collectorsexpansionandreconstruction;stormwaterpondmaintenance;waterquality improvements;andtheirassociatedcomponents. The primary funding sourcefor this fund includes storm water utility fees. Annually, the Council reviewsandadoptsutilityratesandchargesto supporttheseactivities. ProjectHighlights In 2026, the CIP for the Storm Water Utility Fund appropriates $3,704,400of budget authority for 10capitalprojects,mostnotably: $750,000, for sediment removal projects(Project 603-60-26478); $650,000, for TMDL water quality projects (Project 603-60-26467); $630,000, for watershed district water quality projects (Project 603-60-26102); $550,000, for storm water system upgrades (Project 603-60-26101); $340,000, for storm water pond maintenance (Project 603-60-26472); and $220,000, for storm water system upgrades with street projects(Project No. 603–60– 26406). In addition to these activities, the public utility funds and their associated CIP sections typically contain capital projects in conjunction with the street improvement planned in the Street Capital Projects Fund or CIP.Generally, the City accomplishes these expansions, improvements,or reconstructionofthestormwaterutilitysysteminconcertwiththeseothercapitalprojectinorder toreducetheadditionalcostsandfurtherdisruptionofastand–alonepublicutilityproject. FinancialSummary TheStorm Water Utility Fund stays above the cash balance threshold for 2026 but falls below the threshold through 2030.Between2026and 2030, theCitywillspendanestimated$9,623,600on stormwatersystemrelatedimprovements. At this point in time, no interfund loans are in the five- yearhorizon. 572 Jufn!:/ Based on these current cash balance estimates for the Storm Water Utility Fund, the Proposed 2025–2029 CIP assumes a 10% increase in storm water utility rate annually through 2026 before returning to a more typical 4% increase for 2027 forward. Generally, these rate changes will support ordinary capital project expenses, maintain appropriate cash balances and service scheduled debt payments while responding to guidance from the Council not to reduce or eliminate planned capital projects. Budget Reallocation.Based on current expenditure activity, the Proposed 2026–2030 CIP assumes $460,000 in “carry–over” budget authority from 2025 in the Storm Water Utility Fund. Figure No. 16: Storm Water Utility Fund Summary Proposed 2026 -2030 CIP, Funding Sources and Expenditures $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $- BudgetProjectionProjectionProjectionProjection 20262027202820292030 Funding SourcesNon-Capital Expenses Capital ExpensesEnding Cash Balance The remainder of this page intentionally left blank. 573 Jufn!:/ MUNICIPALLIQUOR IntroductionandAllowableUses The Municipal Liquor Fund accounts for funds accumulated for the operational and capital expensesrelatedtothesaleofbeer,wineandliquorbytheCity.ForthepurposesoftheCIP,this sectioncontainsbudgetauthorityrelatedtotheacquisition,expansion,improvement, replacement and/or major repairs for the two municipal liquor stores operated by the City, including:building and cooler improvements; furnishings and furniture; information technology; realestate;security systems;andsignage. The primary funding sources for this fund includethe proceeds from the sale of beer, wine and liquor,andothermiscellaneousitemssoldby themunicipalliquorstores. ProjectHighlights In 2026, the CIP for the Municipal Liquor Fund does not appropriate any funds for capitalprojects. FinancialSummary In 2026, theMunicipal LiquorFund will remain approximately $950,300above the cash balance threshold established by theCounciland will continue to stay above threshold requirements through 2030.These additional monies may be used to support further investments in the two municipal liquor store locations over the next five years or transferred to other capital project fundsto financespecificcapitalprojects. Generally, the City attributes the strong performance of the Municipal Liquor Fund in 2020 and 2021 to a shift inconsumer habits related to the outbreak of COVID–19. Sales have dropped from historic levels during the pandemic because of thenoted shift. TheMunicipalLiquorFundwillcontinuetoundertakeaseriesofimprovementswhileattempting to maintain its long–standing obligations to other funds as well as the appeal and efficient operation of its facilities. Budget Reallocation.Based on current expenditure activity, the Proposed 2026-2030CIP assumesno“carry–over” budgetauthorityfrom2025intheMunicipalLiquorFund. 574 Jufn!:/ Figure No. 17: Municipal Liquor Proposed 2026 -2030 CIP, Funding Sources and Expenditures $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $- BudgetProjectionProjectionProjectionProjection 20262027202820292030 Funding SourcesNon-Capital Expenses Capital Plan ExpensesEnding Cash Balance The remainder of this page intentionally left blank. 575 Jufn!:/ PROVISIONAL PROJECTS______ As part of the CIP development process, the City may include ProvisionalProjects.Again, these capitalprojectsareforplanningpurposesonlyanddonotconferorestablishanyofficial budget authority.Therefore, staff cannot expend any monies related to these plannedcapitalprojects prior to identifying a funding source. TheProposed2026–2030CIP containssevenProvisionalProjects: 1.57thAvenueBridgeConstruction(ProjectNo.406–31–29299-$32,000,000); 2.Trunk Highway 47 Corridor (Project No. 407-31-30999 -$1,700,000); 3.Mississippi Street Improvement Project –Phase II (Project No. 406-31-27899 -$1,450,000); th 4.57Avenue Reconstruction (Project No. 406-31-28899 -$1,200,000); 5.SNC Exhibit Gallery Enhancements (Project No. 407-31-28999 -$150,000); 6.Commons Water Treatment Plant Solar(Project No. 601-60-27799 -$120,000); and 7.SNC Audio Visual Upgrades –Part 2 (Project No. 409-13-54199 -$71,000) 576 Jufn!:/ 577 Jufn!:/ 578 Jufn!:/ 579 Jufn!:/ 57: Jufn!:/ 581 Jufn!:/ BUILDING CAPITAL PROJECTS FUND 2026 Capital Investment Program Budget and 2027 through 2030 Plan Funding Sources and Expenditure Projections 20262027202820292030 Fund No. 405BudgetProjectionProjectionProjectionProjectionTotal Funding Sources Interest on Investments$ 30,000$ 20,000$ 20,000$ 20,000$ 20,000$ 110,000 Grants - - - - - Total Funding Sources$ 30,000$ 20,000$ 20,000$ 20,000$ 20,000$ 110,000 Capital Plan Expenditures$ - Total Expenditures$ 251,000$ 270,000$ 120,000$ 420,000$ 70,000$ 1,131,000 Surplus (deficiency) of funding sources over (under) expenditures$ (221,000)$ (250,000)$ (100,000)$ (400,000)$ (50,000)$ (1,021,000) Estimated Beginning Fund Balance 1,857,454 1,636,454 1,386,454 1,286,454 886,454 7,053,270 Estimated Ending Fund Balance$ 1,636,454$ 1,386,454$ 1,286,454$ 886,454$ 836,454$ - Fund Balance Requirement (35% of Average)$ 79,170$ 79,170$ 79,170$ 79,170$ 79,170$ 395,850 Difference ($) 1,557,284 1,307,284 1,207,284 807,284 757,284$ 5,636,420 582 Jufn!:/ 583 Jufn!:/ 584 Jufn!:/ 585 Jufn!:/ 586 Jufn!:/ 587 Jufn!:/ 588 Jufn!:/ STREET CAPITAL PROJECTS FUND 2026 Capital Investment Program Budget and 2027 through 2030 Plan Funding Sources and Expenditure Projections 20262027202820292030 Fund No. 406BudgetProjectionProjectionProjectionProjectionTotal Funding Sources - Municipal State Aid - State Aid/Muni Routes$ 1,275,000$ 125,000$ 1,375,000$ 625,000$ 1,900,000$ 5,300,000 Municipal State Aid - Local Routes 580,000 270,000 375,000 251,000 530,000$ 2,006,000 Local Government Aid 100,000 350,000 150,000 200,000 100,000$ 900,000 Federal Highway Funds - - - - -$ - State Bonds 2,166,000 - - - -$ 2,166,000 410,000 625,000 554,000 670,000$ 2,809,000 Special Assessments 550,000 40,000 40,000 40,000 40,000$ 200,000 Interest on Investments 40,000 Total Funding Sources$ 4,711,000$ 1,195,000$ 2,565,000$ 1,670,000$ 3,240,000$ 13,381,000 Capital Projects Engineering Division Transfer Out$ 200,000$ 200,000$ 200,000$ 200,000$ 200,000$ 1,000,000 Capital Plan Expenditures 5,756,000 1,160,000 2,855,000 1,770,000 2,180,000$ 13,721,000 Total Expenditures$ 5,956,000$ 1,360,000$ 3,055,000$ 1,970,000$ 2,380,000$ 14,721,000 - Surplus (deficiency) of funding sources over (under) expenditures$ (1,245,000)$ (165,000)$ (490,000)$ (300,000)$ 860,000$ (1,340,000) - Estimated Beginning Fund Balance 1,320,154 965,154 800,154 310,154 10,154 3,405,770 - Projects Carried Forward from Prior Years 890,000 - - - - Estimated Ending Fund Balance$ 965,154$ 800,154$ 310,154$ 10,154$ 870,154$ - - Fund Balance Requirement (35% of Average)$ 1,030,470$ 1,030,470$ 1,030,470$ 1,030,470$ 1,030,470$ 5,152,350 Difference ($) (65,316) (230,316) (720,316) (1,020,316) (160,316) (2,196,580) 589 Jufn!:/ 58: Jufn!:/ 591 Jufn!:/ 592 Jufn!:/ 593 Jufn!:/ 594 Jufn!:/ 595 Jufn!:/ 596 Jufn!:/ 597 Jufn!:/ 598 Jufn!:/ 599 Jufn!:/ 59: Jufn!:/ 5:1 Jufn!:/ 5:2 Jufn!:/ 5:3 Jufn!:/ 5:4 Jufn!:/ 5:5 Jufn!:/ 5:6 Jufn!:/ 5:7 Jufn!:/ 5:8 Jufn!:/ 5:9 Jufn!:/ PARKS CAPITAL PROJECTS FUND 2026 Capital Investment Program Budget and 2027 through 2030 Plan Funding Sources and Expenditure Projections 20262027202820292030 Fund No. 407BudgetProjectionProjectionProjectionProjectionTotal Funding Sources Local Government Aid$ -$ - - - -$ - Park Dedication Fees 5,000 5,000 5,000 5,000 5,000 25,000 Federal Grant - - - - - - 40,000 40,000 40,000 40,000 200,000 Interest on Investments 40,000 To Be Determined (For Grant Matching) 50,000 50,000 50,000 50,000 50,000 250,000 State Grant Funds - - - - - Community Investment Fund (Transfer In) 2,785,400 1,530,900 5,147,900 360,000 360,000 10,184,200 Total Funding Sources$ 2,880,400$ 1,625,900$ 5,242,900$ 455,000$ 455,000$ 10,659,200 - Capital Plan Expenditures$ 7,291,000 $ 1,499,000 $ 5,186,000 $ 1,415,000 $ 165,000 15,556,000 Engineering Division Transfer Out144,000149,760155,750161,980168,460 779,950 Total Expenditures$ 7,435,000$ 1,648,760$ 5,341,750$ 1,576,980$ 333,460$ 16,335,950 - Surplus (deficiency) of funding sources over (under) expenditures$ (4,554,600)$ (22,860)$ (98,850)$ (1,121,980)$ 121,540 (5,676,750) Estimated Beginning Fund Balance6,248,1752,490,5752,467,7152,368,865 1,246,884 14,822,214 Projects Carried Forward from Prior Years 797,000 Estimated Ending Fund Balance$ 2,490,575$ 2,467,715$ 2,368,865$ 1,246,884$ 1,368,425$ - Fund Balance Requirement (35% of Average)$ 1,143,517 $ 1,143,517 $ 1,143,517 $ 1,143,517 $ 1,143,517 $ 5,717,583 Difference ($) 1,347,058 1,324,198 1,225,348 103,368 224,908 4,224,881 5:: Jufn!:/ 611 Jufn!:/ 612 Jufn!:/ 613 Jufn!:/ 614 Jufn!:/ 615 Jufn!:/ 616 Jufn!:/ 617 Jufn!:/ 618 Jufn!:/ 619 Jufn!:/ 61: Jufn!:/ 621 Jufn!:/ 622 Jufn!:/ 623 Jufn!:/ 624 Jufn!:/ 625 Jufn!:/ 626 Jufn!:/ 627 Jufn!:/ 628 Jufn!:/ 629 Jufn!:/ 62: Jufn!:/ 631 Jufn!:/ 632 Jufn!:/ INFORMATION TECHNOLOGY CAPITAL PROJECTS FUND 2026 Capital Investment Program Budget and 2027 through 2030 Plan Funding Sources and Expenditure Projections 20262027202820292030 Fund No. 409BudgetProjectionProjectionProjectionProjectionTotal Funding Sources Property Taxes$ 89,700$ 92,400$ 95,200$ 98,100$ 101,000$ 476,400 Local Government Aid 275,000 230,000 230,000 180,000 230,000 1,145,000 Miscellaneous Interest on Investments 4,000 4,000 4,000 4,000 4,000 20,000 Total Funding Sources$ 368,700$ 326,400$ 329,200$ 282,100$ 335,000$ 1,641,400 Capital Plan Expenditures$ - Total Expenditures$ 435,000$ 240,000$ 335,000$ 415,000$ 305,000$ 1,730,000 0 Surplus (deficiency) of funding sources0 over (under) expenditures$ (66,300)$ 86,400$ (5,800)$ (132,900)$ 30,000$ (88,600) 93,740 180,140 174,340 41,440 604,700 Estimated Beginning Fund Balance 115,040 Projects Carried Forward from Prior Years 45,000 - - - - 45,000 $ 174,340$ 41,440$ 71,440$ - Estimated Ending Fund Balance$ 93,740$ 180,140 Fund Balance Requirement (35% of Average)$ 121,100$ 121,100$ 121,100$ 121,100$ 121,100$ 605,500 Difference ($)(27,360) 59,040 53,240 (79,660) (49,660) (44,400) 633 Jufn!:/ 634 Jufn!:/ 635 Jufn!:/ 636 Jufn!:/ 637 Jufn!:/ 638 Jufn!:/ 639 Jufn!:/ 63: Jufn!:/ 641 Jufn!:/ 642 Jufn!:/ 643 Jufn!:/ 644 Jufn!:/ 645 Jufn!:/ 646 Jufn!:/ 647 Jufn!:/ 648 Jufn!:/ 649 Jufn!:/ 64: Jufn!:/ 651 Jufn!:/ 652 Jufn!:/ EQUIPMENT CAPITAL PROJECTS FUND 2026 Capital Investment Program Budget and 2027 through 2030 Plan Funding Sources and Expenditure Projections 20262027202820292030 Fund No. 410BudgetProjectionProjectionProjectionProjectionTotal Funding Sources Local Government Aid$ 733,000$ 528,000$ 728,000$ 728,000$ 778,000$ 3,495,000 Public Safety Aid 591,000 - - -$ 591,000 Liquor Store Proceeds (Transfer) 250,000 250,000 250,000 250,000 250,000$ 1,250,000 Interest on Investments 30,000 30,000 30,000 30,000 30,000$ 150,000 Interfund loan 1,300,000 - - -$ 1,300,000 - - - -$ - State Grants - Lease Proceeds Misc. Equipment Auction Proceeds 200,000 200,000 200,000 200,000 200,000 1,000,000 Total Funding Sources$ 1,213,000$ 2,899,000$ 1,208,000$ 1,208,000$ 1,258,000$ 7,786,000 Capital Plan Expenditures$ 1,927,100$ 3,325,400$ 899,800$ 1,052,200$ 933,100$ 8,137,600 346,800 346,800 1,040,400 Interfund Loan Principal + Interest 346,800 Total Expenditures$ 1,927,100$ 3,325,400$ 1,246,600$ 1,399,000$ 1,279,900$ 9,178,000 Surplus (deficiency) of funding sources $ (38,600)$ (191,000)$ (21,900) (1,392,000) over (under) expenditures$ (714,100)$ (426,400) (42,442) (81,042) (272,042) 551,490 Estimated Beginning Fund Balance 563,058 383,958 Projects Carried Forward from Prior Years 535,000 535,000 Estimated Ending Fund Balance$ 383,958$ (42,442)$ (81,042)$ (272,042)$ (293,942) - Fund Balance Requirement (35% of Average)$ 642,460$ 642,460$ 642,460$ 642,460$ 642,460 3,212,300 Difference ($) (258,502) (684,902) (723,502) (914,502) (936,402) (3,517,810) 653 Jufn!:/ 654 Jufn!:/ 655 Jufn!:/ 656 Jufn!:/ 657 Jufn!:/ 658 Jufn!:/ 659 Jufn!:/ 65: Jufn!:/ 661 Jufn!:/ 662 Jufn!:/ 663 Jufn!:/ 664 Jufn!:/ 665 Jufn!:/ 666 Jufn!:/ 667 Jufn!:/ 668 Jufn!:/ 669 Jufn!:/ 66: Jufn!:/ 671 Jufn!:/ 672 Jufn!:/ 673 Jufn!:/ 674 Jufn!:/ 675 Jufn!:/ 676 Jufn!:/ 677 Jufn!:/ 678 Jufn!:/ 679 Jufn!:/ 67: Jufn!:/ 681 Jufn!:/ 682 Jufn!:/ 683 Jufn!:/ 684 Jufn!:/ 685 Jufn!:/ 686 Jufn!:/ 687 Jufn!:/ 688 Jufn!:/ 689 Jufn!:/ 68: Jufn!:/ 691 Jufn!:/ 692 Jufn!:/ 693 Jufn!:/ 694 Jufn!:/ 695 Jufn!:/ 696 Jufn!:/ 697 Jufn!:/ 698 Jufn!:/ WATER UTILITY FUND 2026 Capital Investment Program Budget and 2027 through 2030 Plan Funding Sources and Expenditure Projections 20262027202820292030 Fund No. 601BudgetProjectionProjectionProjectionProjectionTotal Funding Sources Water Utility Fees$ 4,495,200$ 4,750,000$ 4,956,000$ 5,203,800$ 5,463,990$ 24,868,990 Interest on Investments 125,000 125,000 125,000 125,000 125,000 625,000 Bond Proceeds 2,950,000 2,950,000 - - - 5,900,000 Total Funding Sources$ 7,570,200$ 7,825,000$ 5,081,000$ 5,328,800$ 5,588,990$ 34,016,200 Non-Capital Expenses Operating Expenses $ 2,548,400$ 2,874,900$ 2,961,100$ 3,049,900$ 3,141,400$ 14,575,700 Debt Service 521,700 531,900 531,900 531,900 531,900 2,649,300 Depreciation 1,083,600 1,089,000 1,094,400 1,099,900 1,105,400 5,472,300 - - - - 1,173,300 Interfund Loan 589,900 Subtotal Non-capital Expenses$ 4,743,600$ 4,495,800$ 4,587,400$ 4,681,700$ 4,778,700$ 22,927,500 Capital Plan Expenses Subtotal Capital Plan Expenses$ 10,558,700$ 3,970,000$ 3,615,000$ 3,075,000$ 1,675,000$ 27,493,700 Total Expenses$ 15,302,300$ 8,465,800$ 8,202,400$ 7,756,700$ 6,453,700$ 50,421,200 Surplus (deficiency) of funding sources over (under) Expenses$ 2,826,600$ 3,329,200$ 493,600$ 647,100$ 810,290$ 11,088,700 Estimated Beginning Fund Balance 22,530,302 25,356,902 28,686,102 29,179,702 29,826,802 124,491,110 Projects Carried Forward from Prior Years 2,531,000 - - - - Estimated Ending Fund Balance$ 25,356,902$ 28,686,102$ 29,179,702$ 29,826,802$ 30,637,092$ - Cash Balance Floor (6 months Operating/DS/Capital)5,939,3505,131,8505,131,8505,222,0903,000,000 Cash Ending Balance3,756,0324,204,2321,729,0322,876,2321,969,722 Difference(2,183,318)(927,618)(3,402,818)(2,345,858)(1,030,278) 699 Jufn!:/ 69: Jufn!:/ 6:1 Jufn!:/ 6:2 Jufn!:/ 6:3 Jufn!:/ 6:4 Jufn!:/ 6:5 Jufn!:/ 6:6 Jufn!:/ 6:7 Jufn!:/ 6:8 Jufn!:/ 6:9 Jufn!:/ 6:: Jufn!:/ 711 Jufn!:/ 712 Jufn!:/ 713 Jufn!:/ 714 Jufn!:/ 715 Jufn!:/ 716 Jufn!:/ 717 Jufn!:/ 718 Jufn!:/ SANITARY SEWER UTILITY FUND 2026 Capital Investment Program Budget and 2027 through 2030 Plan Funding Sources and Expenditure Projections 20262027202820292030 Fund No. 602BudgetProjectionProjectionProjectionProjectionTotal Funding Sources Sanitary Sewer Utility Fees$ 8,117,300$ 9,172,500$ 10,364,900$ 11,712,300$ 13,234,900$ 52,601,900 62,700 62,700 62,700 62,700 313,500 Interest on Investments 62,700 American Rescue Funds - - - - - 195,500 Total Funding Sources$ 8,180,000$ 9,235,200$ 10,427,600$ 11,775,000$ 13,297,600$ 47,559,300 Non-Capital Expenses Operating Expenses$ 1,150,680$ 1,185,200$ 1,220,800$ 1,257,400$ 1,295,100$ 6,109,180 Sewer Service Charge 6,581,920 6,976,800 7,255,900 7,546,100 7,847,900 36,208,620 439,300 441,500 443,700 445,900 2,207,500 Depreciation 437,100 Interfund Loan 45,800 - - - - 45,800 Subtotal Non-capital Expenses$ 8,215,500$ 8,601,300$ 8,918,200$ 9,247,200$ 9,588,900$ 42,314,000 Capital Expenses $ 2,255,300$ 1,901,200$ 800,500$ 3,905,500$ 9,069,400 Subtotal Capital Plan Expenses$ 2,372,400 $ 10,819,400$ 10,047,700$ 13,494,400$ 51,383,400 Total Expenses$ 10,587,900$ 10,856,600 Surplus (deficiency) of funding sources over (under) expenses$ (35,500)$ 633,900$ 1,509,400$ 2,527,800$ 3,708,700$ 5,245,300 Estimated Beginning Fund Balance12,226,014 12,190,514 12,824,414 14,333,814 16,861,614 63,191,070 Projects Carried Forward from Prior Years 764,000 Estimated Ending Fund Balance$ 12,190,514$ 12,824,414$ 14,333,814$ 16,861,614$ 20,570,314$ - Cash Balance Floor (6 months Operating/DS/Capital)6,336,3006,045,6605,202,2506,045,6606,045,660 Cash Ending Balance4,020,3022,838,2024,070,0025,009,2024,319,102 Difference(2,315,998)(3,207,458)(1,132,248)(1,036,458)(1,726,558) 719 Jufn!:/ 71: Jufn!:/ 721 Jufn!:/ 722 Jufn!:/ 723 Jufn!:/ 724 Jufn!:/ 725 Jufn!:/ 726 Jufn!:/ 727 Jufn!:/ 728 Jufn!:/ 729 Jufn!:/ STORM WATER UTILITY FUND 2026 Capital Investment Program Budget and 2027 through 2030 Plan Funding Sources and Expenditure Projections 20262027202820292030 Fund No. 603BudgetProjectionProjectionProjectionProjectionTotal Funding Sources Storm Water Utility Fees$ 2,345,400$ 2,404,000$ 2,464,100$ 2,525,700$ 2,588,800$ 12,328,000 Special Assessments 200 200 200 200 200 1,000 Watershed Grants - - - - - - Interest on Investments 58,500 58,500 58,500 58,500 58,500 279,000 Total Funding Sources$ 2,404,100$ 2,462,700$ 2,522,800$ 2,584,400$ 2,647,500$ 13,914,400 Non-Capital Expenses $ 1,249,800$ 1,299,800$ 1,351,800$ 1,405,900$ 6,509,000 Operating Expenses$ 1,201,700 Depreciation 454,300 456,600 458,900 461,200 463,500 2,294,500 Interfund Loan 30,500 - - - - 66,800 Subtotal Operating Expenses$ 1,686,500$ 1,706,400$ 1,758,700$ 1,813,000$ 1,869,400$ 8,834,000 Capital Expenses $ 1,461,400$ 1,212,600$ 1,932,600$ 1,312,600$ 9,623,600 Subtotal Capital Plan Expenses$ 3,704,400 Total Expenses$ 5,390,900$ 3,167,800$ 2,971,300$ 3,745,600$ 3,182,000$ 19,905,200 Surplus (deficiency) of funding sources over (under) Expenses$ 717,600$ 756,300$ 764,100$ 771,400$ 778,100$ 5,336,200 Estimated Beginning Fund Balance 15,196,381 15,913,981 16,670,281 17,434,381 18,205,781 78,084,605 Projects Carried Forward from Prior Years 460,000 - - - - Estimated Ending Fund Balance$ 15,913,981$ 16,670,281$ 17,434,381$ 18,205,781 $ 18,983,881$ - Cash Balance Floor (6 months Operating/DS/Capital)2,086,3002,608,5002,642,4202,588,980 2,588,980 Cash Ending Balance 2,314,212 2,065,712 2,324,612 1,365,712 2,253,612 Difference 227,912 (542,788) (317,808) (1,223,268) (335,368) 72: Jufn!:/ 731 Jufn!:/ 732 Jufn!:/ 733 Jufn!:/ 734 Jufn!:/ 735 Jufn!:/ 736 Jufn!:/ 737 Jufn!:/ 738 Jufn!:/ 739 Jufn!:/ 73: Jufn!:/ 741 Jufn!:/ MUNICIPAL LIQUOR FUND 2026 Capital Investment Program Budget and 2027 through 2030 Plan Funding Sources and Expenditure Projections 20262027202820292030 Fund No. 609BudgetProjectionProjectionProjectionProjectionTotal Funding Sources Liquor Sales$ 5,945,200$ 5,974,900$ 6,004,800$ 6,034,800$ 6,065,000$ 30,024,700 Interest on Investments 25,000 15,100 15,100 15,100 15,100 85,400 Miscellaneous Income - - - - - - Total Funding Sources$ 5,970,200$ 5,990,000$ 6,019,900$ 6,049,900$ 6,080,100$ 30,110,100 Non-Capital Expenses Cost of Goods Sold$ 4,228,100$ 4,249,200$ 4,270,400$ 4,291,800$ 4,313,300$ 21,352,800 Operating Expenses 1,485,900 1,530,500 1,576,400 1,623,700 1,672,400 7,888,900 Depreciation 44,000 44,200 44,200 44,400 44,400 221,200 Debt Service- - - - - - Transfers 388,500 388,500 388,500 388,500 388,500 1,942,500 Subtotal Non-capital Expenses$ 6,146,500$ 6,212,400$ 6,279,500$ 6,348,400$ 6,418,600$ 31,405,400 Capital Plan Expenses Subtotal Capital Plan Expenses$ -$ -$ -$ -$ -$ - Total Expenses$ 6,146,500$ 6,212,400$ 6,279,500$ 6,348,400$ 6,418,600$ 31,405,400 Surplus (deficiency) of funding sources over (under) Expenses$ (176,300)$ (222,400)$ (259,600)$ (298,500)$ (338,500)$ (1,295,300) Estimated Beginning Fund Balance 2,196,791 2,020,491 1,798,091 1,538,491 1,239,991 8,793,855 Projects Carried Forward from Prior Years Estimated Ending Fund Balance$ 2,020,491$ 1,798,091$ 1,538,491$ 1,239,991 $ 901,491$ - Cash Balance Floor (5% of Average) 314,054 314,054 314,054 314,054 314,054 Cash Ending Balance 1,264,346 1,086,146 1,048,946 832,046 754,846 Difference 950,292 772,092 734,892 517,992 440,792 742 Jufn!21/ AGENDA REPORT Meeting Date:December 22, 2025 Meeting Type:City Council Submitted By:Joe Starks, Finance Director/City Treasurer Title ResolutionNo.2025-171, Approving Budget Reappropriation for Certain Funds for the Fiscal Year Ending December 31, 2025 Background The City Charter (Charter) establishes certain processes for the preparation, passage, enforcement and alteration of the annual and revised budgets. Specifically, Section 7.07 of the Charter, authorizes the City Council (Council) to increase expenditures under two circumstances: 1) when actual revenues exceed estimated revenues; and/or 2) by identifying offsetting decreases in other areas of the budget. In order to maintain compliance with this section of the Charter, and minimize the need for subsequent reappropriations, the Council annually adopts a revised budget in December. As part of the preparations of the Annual Comprehensive Financial Report (ACFR), staff typically identify other areas requiring further revisions or reappropriations, which are typically presented to the Council for consideration around the time of acceptance of the ACFR. As part of this process, staff identified multiple areas that require revision and they are attached, with descriptions.All increases to expenditure budgets areeither offset by additional revenue or a decrease to a different expenditure. Some of the budget amendments relate to grant revenue received, and expenditures incurred,that werenot previously budgeted for.Additionally,the City received local affordable housing aidin excess of what was budgeted, which is then transferred to the HRA to carry out the applicable programming. Also, one of the 2026 Street Rehabilitation Projects (2026-02) willutilize unspent 2025 funds from the Public Works Streets contractual budget, and so to encumber the funds, they will be transferred to the Streets Capital Fund.The attachment includes the budget line items impacted by the proposed budget amendments. Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 743 Jufn!21/ Financial Impact All increases to expenditure budgets are offset by either an increase to revenue budget or a corresponding decrease to a different expenditure budget. Recommendation Staff recommend the approval of Resolution No. 2025-171, Approving Budget Reappropriation for Certain Funds for the Fiscal Year ending December 31, 2025 Focus on Fridley Strategic Alignment Vibrant Neighborhoods & Places Community Identity & Relationship Building X Financial Stability & Commercial Prosperity Public Safety & Environmental Stewardship Organizational Excellence Attachments and Other Resources !Resolution No. 2025-171 Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 744 Jufn!21/ Resolution No. 2025-171 Resolution 2025-171, Approving Budget Reappropriation for Certain Funds for the Fiscal Year ending December 31, 2025 Whereas, the City Charter (Charter) established certain processes for the preparation, passage, enforcement and alternation to the annual budget; and Whereas, Section 7.07 of the Charter authorizes the City Council (Council) to increase expenditures under two circumstances: 1) when actual revenues exceed estimated revenues; and 2) by identifying offsetting decreases in other areas of the budget; and Whereas, for the Fiscal Year ending December 31, 2025, staff identified multiple areas requiring reappropriation subject to the Section 7.07 of the Charter; and Whereas, the revisions to expenditure budgets are all either offset by additional revenue or an offsetting decrease to a different expenditure line item. Therefore, be it resolved, that the City Council of the City of Fridley hereby approves and authorizes the following amendments to the 2025 Budget, as shown on the attachment. nd Passed and adopted by the City Council of the City of Fridley this 22 day of December, 2025. _______________________________________ Dave Ostwald Mayor Attest: ________________________________________ Melissa Moore City Clerk 745 Jufn!21/ AccountAmountNote 101-1260-612140 45,000Health Insurance Expenditures (Open Enrollment) 101-1410-611100 (45,000)Health Insurance Expenditures (Open Enrollment) 101-1270-611100 10,000Communications & Engagement FT Employee 101-1410-611100 (10,000)Communications & Engagement FT Employee 101-1410-638185 465,000Local Affordable Housing Aid to HRA 101-1410-993100 (163,500)Local Affordable Housing Aid to HRA 101-1410-443100 (301,500)Local Affordable Housing Aid to HRA 101-3150-635100 345,000Tree Removal Grant 101-3150-443400 (345,000)Tree Removal Grant 101-3160-611110 30,000Public Works/Parks Seasonals 101-3180-611110 10,000Public Works/Streets Seasonals 101-3180-443310 (40,000)Municipal Maintenance State Aid Revenue 101-3180-635100 (245,000)Transfer to Street Fund for 2026 Street Project 101-1410-993100 245,000Transfer to Street Fund for 2026 Street Project 101-5120-635100 39,000Abatements Contractual Expense 101-5120-421100 (39,000)Abatements Special Assessment Revenue 237-5180-621130 9,000Recycling Operating Expenditures 237-5180-451510 (9,000)Recycling Penalty Revenue 405-3115-701100 345,700CDBG Federal Grant for Fire Station #2/Art Center 405-3115-441100 (345,700)CDBG Federal Grant for Fire Station #2/Art Center 407-3160-702100 488,200CDBG Federal Grants for Jubilee and Oak Hill Parks 407-3160-441100 (488,200)CDBG Federal Grants for Jubilee and Oak Hill Parks 746