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HomeMy WebLinkAbout2020-10-20 Work SessionMINUTES OF THE WORK SESSION OF THE EDINA CITY COUNCIL VIRTUAL MEETING OCTOBER 20, 2020 5:30 P.M. Mayor Hovland called the meeting to order at 5:31 p.m. ROLL CALL Answering roll call were Members Anderson, Brindle, Fischer, Staunton, and Mayor Hovland. Staff present: Scott Neal, City Manager; Lisa Schaefer, Assistant City Manager; Don Uram, Finance Director; Andrea Rich, Finance Analyst; Kyle Sawyer, Assistant Finance Director; Jennifer Bennerotte, Communications Director; Ryan Browning, IT Director; Chad Millner, Engineering Director; Ross Bintner, Equipment Services Manager; Risi Karim, City Management Fellow; Jennifer Garske, Executive Assistant; Sharon Allison, City Clerk. 2021-2026 CAPITAL IMPROVEMENT PLAN Finance Analyst Andrea Rich presented the draft Capital Improvement Plan funding for 2021-2026 including funds already fully allocated, available funds, and potentially available funds. Rich said a staff committee prioritized projects to be funded. Rich discussed challenges for unfunded projects over the next six years for projects categorized as Buildings and Parks, and potential funding gap for Equipment Levy which may be managed by owning equipment longer. Council recommended renaming the unfunded category because it gives the impression that the projects are already in the queue but cannot be completed because of a lack of funds. UTILITY RATE STUDY Jessica Cook, Economic Development Advisor, Ehlers Public Finance Advisors, presented the 2020 Utility Rate Study based on a three-step approach to implement inflationary increases for 2021, evaluate water and sewer rate structures in 2021 for changes in 2022, and evaluate storm water residential equivalency factors for commercial and resident property. For 2021, staff proposed rate increases of 5 percent for water and sewer, and 8 percent for storm water. Proposed development fees were $2,780 for water connection, and $1,700 for sewer connection. Next steps were for Council adoption on Dec. 1, and for staff and Ehlers to study the new rate structures in 2021 to meet City policy objectives to stabilize water revenue in wet years, review sewer minimum and winter averaging policies, and ensure storm water costs are allocated equitably across different land uses. ADJOURNMENT Mayor Hovland adjourned the meeting at 6:24 p.m. Respectfully Submitted, __________________________________________ Sharon Allison, City Clerk Minutes approved by the Edina City Council November 4, 2020. __________________________________________ James B. Hovland, Mayor