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City Council Agenda Packet 08-18-2025 SpecialDRAF TSum of Estimated Cost Column Labels Project Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Future Grand Total City Facilities Maintenance $2,394,000 $982,000 $465,000 $2,100,000 $600,000 $180,000 $180,000 $6,901,000 City Welcome Signs $180,000 $180,000 Fire System - Library $15,000 $15,000 Control System - Library $50,000 $50,000 Building Signage - Park Barn $23,000 $23,000 Mississippi Room Carpet - MCC $50,000 $50,000 Pool Deck Resurface - MCC $100,000 $100,000 Roof Replacements from Hail Damage - Various $300,000 $300,000 Repairs - Soccer Building $100,000 $100,000 Lighting Retrofit - Library $35,000 $35,000 Generator - MCC $200,000 $200,000 Pool Play Structure - MCC $400,000 $400,000 Gym Acoustic Panels - MCC $75,000 $75,000 Roof Replacement - Liquor Store $150,000 $150,000 Parking Lot Resurface - Liquor Store $150,000 $150,000 Parking Lot Resurface - MCC $800,000 $800,000 Generator Upgrades - WWTP $200,000 $1,000,000 $1,200,000 Pool Filtration System - MCC $150,000 $150,000 Resurface - 3rd Street Parking Lot $180,000 $180,000 ADA Improvements & Site Hardening - MCC $600,000 $600,000 Furnace Replacement - Building Garage $22,000 $22,000 Fob Access & Security Cameras (Additional) - MCC $11,000 $11,000 Furnace & AC Replacement - West Bridge Park Shelter $25,000 $25,000 Parking Lot Paving - Animal Shelter & Well Houses $75,000 $75,000 Fob Access & Security Cameras - Library $45,000 $45,000 Fob Access - WWTP $40,000 $40,000 Security Cameras - WWTP $25,000 $25,000 Building Envelope - MCC $1,500,000 $1,500,000 Roof Repairs - PW $40,000 $40,000 Make Up Air Unit - Parks Barn $35,000 $35,000 Parking Lot Improvements - Library $325,000 $325,000 Transportation $3,510,000 $2,745,000 $5,568,700 $5,290,000 $1,795,000 $4,500,000 $3,750,000 $3,150,000 $2,250,000 $3,000,000 $620,000 $36,178,700 Chelsea Road Improvements - Hwy 25 to CSAH 39 $350,000 $2,950,000 $3,300,000 CSAH 39 Pedestrian Pathway - Elm to 7th (C24001)$2,100,000 $2,100,000 East Bridge Park Sidewalk & Underpass Improvements $150,000 $150,000 $300,000 Great River Regional Trail $75,000 $1,778,700 $1,853,700 Great River Regional Trail Easement $20,000 $20,000 Hunters Crossing Trail $20,000 $300,000 $320,000 Mill & Overlay - 7th St - Minnesota St to Fenning $300,000 $3,400,000 $3,700,000 Mill & Overlay - Cardinal Hills $60,000 $600,000 $660,000 Mill & Overlay - River Mill $1,100,000 $1,100,000 Mill & Overlay - School Blvd - Country Ln to Fenning $300,000 $1,900,000 $2,200,000 Otter Creek Pathway Improvements - Chestnut to West River $600,000 $600,000 Traffic Signal at Hwy 25/4th St $500,000 $500,000 Mill & Overlay Groveland $100,000 $1,900,000 $2,000,000 Mill & Overlay School Blvd West $90,000 $900,000 $990,000 Mill & Overlay Carlisle Village $85,000 $850,000 $935,000 Mill & Overlay Hunters Crossing $55,000 $550,000 $605,000 Mill & Overlay Klein Farms $100,000 $1,550,000 $1,650,000 Mill & Overlay Core City Area 1 $150,000 $2,000,000 $2,150,000 Mill & Overlay Sunset Ponds $95,000 $950,000 $1,045,000 Edmonson Reconstruction - Chelsea to School $150,000 $3,450,000 $3,600,000 Mill & Overlay Cedar, Dundas, Thomas Park, Oakwood $300,000 $3,000,000 $3,300,000 Mill & Overlay Core City Area 2 $150,000 $2,000,000 $2,150,000 Mill & Overlay Featherstone $50,000 $500,000 $550,000 Mill & Overlay Hillside Farms $50,000 $500,000 $550,000 Capital Improvement Plan (CIP) - 2026 & Future - DRAFT as of 8/18/2025 DRAFT Sum of Estimated Cost Column Labels Project Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Future Grand Total Capital Improvement Plan (CIP) - 2026 & Future - DRAFT as of 8/18/2025 Utilities Infrastructure $4,800,000 $200,000 $300,000 $570,000 $5,100,000 $200,000 $200,000 $500,000 $6,500,000 $2,200,000 $20,570,000 Chelsea Rd Outlet Control $100,000 $100,000 Ditch 33 Improvements $2,000,000 $2,000,000 Karlsburger Pond Expansion $900,000 $900,000 WWTP Gasifier Tank $700,000 $700,000 Mill & Overlay Fibernet New Developments $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $2,000,000 Prairie Road Pond Outlet $120,000 $600,000 $720,000 WWTP Influent Lift Station $250,000 $4,000,000 $4,250,000 Chelsea Rd Lift Station Expansion $300,000 $300,000 Hwy 25 Landlock Basin Lift Station $300,000 $2,000,000 $2,300,000 CSAH 39 West Utility Water Extension $1,000,000 $1,000,000 CSAH 39 West Utility Sewer Extension $300,000 $6,000,000 $6,300,000 Parks & Recreation $245,000 $832,200 $845,000 $4,100,000 $6,022,200 4th Street Park Improvements $4,100,000 $4,100,000 Ellison Playground Equipment $600,000 $600,000 MCC Recreation/Employee Scheduling Software $77,200 $77,200 MCC Skate Park Area $100,000 $100,000 Pioneer Park Disc Golf Course $15,000 $15,000 Pioneer Park Play Structure $800,000 $800,000 River Mill Sidewalk to Playground $20,000 $20,000 River Walk Pier $45,000 $45,000 Columbarium - Riverside Cemetery $70,000 $70,000 4th Street Park Hockey Board Replacement $65,000 $65,000 $130,000 Front Street Pier Replacement $65,000 $65,000 Fleet $918,150 $1,572,427 $526,557 $2,163,395 $987,512 $565,545 $750,795 $122,655 $323,622 $181,548 $872,201 $8,984,407 200kw Portable Generator $150,000 $150,000 F250 Truck #303 $87,512 $87,512 F350 Truck #401 $83,000 $83,000 MCC Floor Scrubber $15,000 $15,000 Scissor Lift & Trailer $28,000 $28,000 Sewer Camera & Trailer $166,000 $166,000 Skid Steer $98,557 $98,557 Street Sweeper $287,427 $287,427 Well #3 Generator $183,000 $183,000 Well #4/Marvin Rd Generator $232,320 $232,320 Loader Grapple Attachment $15,000 $15,000 Asphalt Roller #128 $90,000 $90,000 Truck #555 $50,000 $50,000 Mack Hook/Plow/Dump Truck #116 $400,000 $400,000 Bobcat A770 #121 $100,000 $100,000 Camera Trailer #430 $75,000 $75,000 CCTV #405 $120,000 $120,000 Plow Truck #109 $450,000 $450,000 Street Sweeper #150 $400,000 $400,000 Truck #401 $50,000 $50,000 Truck #613 $45,000 $45,000 125kw Generator #310 $150,000 $150,000 Dump Truck #145 $120,000 $120,000 SUV #800 $45,000 $45,000 SUV #702 $45,000 $45,000 Zero Turn Mower #167 $10,395 $10,395 Truck #303 $70,000 $70,000 JD Gator $30,000 $30,000 Plow Truck #110 $300,000 $300,000 125kw Generator #410 $175,000 $175,000 12' Tilt Trailer #138 $12,700 $12,700 3/4 Ton Truck #143 $145,525 $145,525 Backhoe #117 $278,082 $278,082 DRAFT Sum of Estimated Cost Column Labels Project Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Future Grand Total Capital Improvement Plan (CIP) - 2026 & Future - DRAFT as of 8/18/2025 Speed Trailer #154 $22,713 $22,713 Street Sweeper #160 $450,000 $450,000 3/4 Ton Truck #301 $90,000 $90,000 Trailer #124 $32,655 $32,655 Air Compressor #144 $41,330 $41,330 Brine System $200,000 $200,000 Bucket Truck #156 $82,292 $82,292 Jack Hammer Attachment $34,213 $34,213 Tractor #179 $147,335 $147,335 Plow Truck #$450,000 $450,000 Front Loader #102 $422,201 $422,201 Fire Utility 11 & UTV $200,000 $200,000 Fire Engine 12 $1,300,000 $1,300,000 Fire Utility 12 $250,000 $250,000 Fire Tender 11 $500,000 $500,000 Truck #550 $60,000 $60,000 SUV #552 $50,000 $50,000 Truck #556 $60,000 $60,000 Floor Scrubber $30,000 $30,000 Server Hardware $29,150 $29,150 Skid Loader Plow Attachment $25,000 $25,000 Fallon Ave Improvements $2,451,000 $950,000 $9,450,000 $335,000 $500,000 $7,520,000 $21,206,000 Fallon Avenue Reconstruction- Chelsea Rd to Fallon Dr $150,000 $150,000 $9,450,000 $9,750,000 Fallon Avenue Reconstruction- Fallon Dr to 85th $500,000 $7,150,000 $7,650,000 Haven Ridge Oversizing and Landscaping $2,301,000 $800,000 $335,000 $370,000 $3,806,000 Bertram Chain of Lakes (BCOL) Regional Athletic Park $1,705,000 $3,100,000 $3,000,000 $7,805,000 Ballfields Future Phases $3,000,000 $3,000,000 $6,000,000 Maintenance Shop $950,000 $950,000 Pickleball Courts $755,000 $755,000 Road Paving $100,000 $100,000 Downtown $150,000 $4,675,000 $4,825,000 Cedar Street Improvements - Broadway to 3rd (Block 34)$2,850,000 $2,850,000 Cedar Street Improvements - Broadway to River $500,000 $500,000 Walnut Street Improvements $1,325,000 $1,325,000 Public Parking Lot Expansion - Block 51 $150,000 $150,000 The Pointes at Cedar $130,000 $1,206,000 $1,336,000 Deephaven Playground $130,000 $130,000 Parkland Acquisition - Southern Pond $600,000 $600,000 Professional Services Contract - Phase I $606,000 $606,000 City Facilities New $18,000,000 $40,000,000 $27,000,000 $85,000,000 New Public Works Facility $20,000,000 $20,000,000 $40,000,000 Water Treatment Plant $18,000,000 $20,000,000 $7,000,000 $45,000,000 Grand Total $34,303,150 $50,381,627 $43,310,257 $15,509,395 $8,382,512 $13,385,545 $4,880,795 $3,772,655 $9,073,622 $5,381,548 $872,201 $9,575,000 $198,828,307 DRAFT Sum of Estimated Cost Column Labels Fund 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Future Grand Total Cem $70,000 $70,000 CapProj $7,319,000 $24,777,000 $28,883,700 $9,666,000 $1,395,000 $8,135,000 $3,930,000 $3,150,000 $2,250,000 $3,000,000 $9,575,000 $102,080,700 StLight $500,000 $500,000 BertramTx $1,705,000 $3,000,000 $3,000,000 $7,705,000 Water $18,150,000 $20,025,000 $7,050,000 $333,000 $157,512 $90,000 $45,805,512 WtrTrnk $1,405,000 $305,000 $2,400,000 $260,000 $150,000 $1,885,000 $6,405,000 Sewer $866,000 $260,000 $283,000 $1,250,000 $4,300,000 $407,320 $7,366,320 SwrTrnk $1,060,000 $235,000 $3,850,000 $250,000 $2,600,000 $300,000 $6,000,000 $14,295,000 Storm $2,000,000 $687,427 $450,000 $3,137,427 StmTrnk $985,000 $55,000 $100,000 $120,000 $600,000 $300,000 $2,000,000 $4,160,000 Liquor $150,000 $150,000 $300,000 DMV $45,000 $45,000 FNM $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $2,000,000 FM $28,000 $30,000 $45,000 $103,000 IT $40,150 $77,200 $117,350 CEF $545,000 $660,000 $393,557 $440,395 $830,000 $158,225 $300,795 $32,655 $323,622 $181,548 $872,201 $4,737,998 Grand Total $34,303,150 $50,381,627 $43,310,257 $15,509,395 $8,382,512 $13,385,545 $4,880,795 $3,772,655 $9,073,622 $5,381,548 $872,201 $9,575,000 $198,828,307 Capital Improvement Plan (CIP) - 2026 & Future - DRAFT as of 8/18/2025 Category Estimated Cost Notes Building Envelope - MCC City Facilities Maintenance $1,500,000 Complete components separately? Parking Lot Improvements - Library City Facilities Maintenance $325,000 100% Grant Funded HVAC & Fire System Upgrades - Library City Facilities Maintenance $65,000 100% Grant Funded Roof Replacements from Hail Damage - Various City Facilities Maintenance $300,000 100% Insurance Reimbursement Roof Repairs - Soccer Building City Facilities Maintenance $100,000 70% Insurance Reimbursement Fob Access & Security Cameras - Library City Facilities Maintenance $45,000 Furnace & AC Replacement - West Bridge Park Shelter City Facilities Maintenance $25,000 Building Signage - Park Barn City Facilities Maintenance $23,000 CSAH 39 Pedestrian Pathway - Elm to 7th (C24001)Transportation $2,100,000 $800k grant in 2027; $701k County Mill & Overlay - River Mill Transportation $1,100,000 Franchise Fee Fund? East Bridge Park Sidewalk & Underpass Improvements Transportation $150,000 $100k grant in 2027 Mill & Overlay Klein Farms Transportation $100,000 Franchise Fee Fund? Mill & Overlay - Cardinal Hills Transportation $60,000 Franchise Fee Fund? Haven Ridge Oversizing and Landscaping Fallon Ave Improvements $751,000 Timing of development uncertain Fallon Avenue Reconstruction- Chelsea Rd to Fallon Dr Fallon Ave Improvements $150,000 ROW Acquisition MCC Skate Park Area Parks & Recreation $100,000 Dependent on potential grant funding Front Street Pier Replacement Parks & Recreation $65,000 Dependent on potential grant funding 4th Street Park Hockey Board Replacement Parks & Recreation $65,000 Pioneer Park Disc Golf Course Parks & Recreation $15,000 Public Parking Lot Expansion - Block 51 Downtown $150,000 Deephaven Playground The Pointes at Cedar $130,000 $25k developer escrow $7,319,000 Items to Consider for August 25 Workshop: General What overall levy would you possibly be comfortable with? Operations Should the City continue lobbying for State funding? What level of direct support should go to the Senior Center? Should the Council hire an external consultant for strategic planning? Should the MCC hold community events even if there are no sponsors? Capital Should the Liquor Store fund projects annually or accumulate for specific projects? Would you prefer to increase the capital levy or delay projects? What projects should be delayed? Capital Projects Fund 2026 CIP - as of 8/18/2025 Project Name 2026 Budget Workshop #2 AUGUST 18, 2025 Budget Schedule •July 28: Workshop 1 - Background on Operations •August 18*: Workshop 2 - Background on Capital •August 25: Workshop 3 - Synthesize & Refine •Sep. 8: Workshop 4 - Final Adjustments •Sep. 22: Preliminary Levy Decision •Oct-Nov: Workshop(s) •Dec. 8: Final Levy, Fee Schedule & Budget *Special Meeting Agenda o Revisit current context and preliminary taxable market values o Capital-related staff priorities for 2026: implement gas franchise fee, complete priority projects o Discuss capital requests from staff •Discussion does not mean projects are staff-recommended o Gain direction from Council in preparation for Budget Workshop #3 on August 25 Context What We Know: •Non-Utility Property Valuations •Xcel’s Preliminary Valuation •EDA’s HRA levy •City-Initiated In-Process Projects •1% Levy Increase = $140k What We Don’t Know: •Xcel’s Final Valuation •Compensation Study Results •Timing & Scope of Development Activity Preliminary Taxable Market Values o Xcel’s Valuation: •Received on 6/23/25 •Deadline to Appeal was 7/23/25 •Conference Scheduled for 8/6/25 •Latest Final Valuation Date Due is 9/5/25 o No Decertified TIF Districts in Payable 2026 Property Class Change New Existing Overall +10.1%+2.64%+7.49% Residential +4.80%+1.86%+2.94% Commercial & Industrial +4.86%+1.81%+3.05% Apartments +22.45% ($46M)+19.28%+3.17% Public Utility*+21.9% ($149M)--+21.9% 2026 Tax Levy per Long-Term Financial Plan 2023 2024 2025 2026 Property Property Property Property %$$ Fund Taxes Taxes Taxes Taxes Change Change General Fund $8,060,000 $8,640,000 $8,985,000 $9,435,000 5.0%$450,000 MCC - Operating 515,000 525,000 535,000 552,000 3.2%17,000 Capital 1,475,419 1,882,825 2,400,807 2,810,429 17.1%409,622 2020A GO Bonds 111,690 24,830 98,220 119,754 21.9%21,534 2019A GO Bonds 697,133 711,964 680,836 699,183 2.7%18,347 2018A GO Bonds 444,232 439,337 419,127 436,288 4.1%17,161 2017A GO Bonds 299,532 326,842 403,942 430,832 6.7%26,890 2016A GO Bonds 282,559 357,979 433,189 428,189 -1.2%(5,000) 2015B GO Bonds 164,435 165,223 160,879 193,325 20.2%32,446 Total City Levy $12,050,000 $13,074,000 $14,117,000 $15,105,000 7.0%$988,000 HRA Levy*402,000 451,000 499,000 504,000 1.0%5,000 Total $12,452,000 $13,525,000 $14,616,000 $15,609,000 6.8%$993,000 $ Change $630,000 $1,073,000 $1,091,000 $993,000 % Change 2.7%8.6%8.1%6.8% *Adjusted in 2026 for statutory limit of 0.0185% of estimated market value Tax Levy History & Potential Future Scenario 22%28%26%20%17%15%16%15%12%10%9%8%6%6%2%2% 17%16%15%15%14% 14%14%14% 7% 3%5%10%12%14%17%19%23% 9%11%13%15%15% 15%14%14% 67%65%65%66%67%66%64%62%61%61%61%60%61%62%65%67%69% 4%4%4%4%4%4%4%4%4%3%3%3%3%3%3%3%3% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 20 1 9 20 2 0 20 2 1 20 2 2 20 2 3 20 2 4 20 2 5 20 2 6 20 2 7 20 2 8 20 2 9 20 3 0 20 3 1 20 3 2 20 3 3 20 3 4 20 3 5 Monticello Tax Levy History & Projection By Allocation Existing Debt New Debt Capital General Fund MCC Fund Capital Investment Requests “A great city is not to be confounded with a populous one.” - Aristotle Capital Projects Fund Revenues: $ 2,810,429 Tax Levy 730,000 State Aid/TAA 390,000 State Library Grant 500,000 Transfer from Liquor Fund 250,171 Investment Earnings 236,351 Special Assessments 726,049 County/Dev. Contribution 370,000 Insurance Proceeds $ 6,013,000 Total Expenditures: $ 2,383,000 City Facilities Maintenance 4,411,000 Transportation & Fallon Ave. 245,000 Parks & Recreation 150,000 Downtown Parking 130,000 Pointes Playground $ 7,319,000 Total $1,306,000 projected use of fund reserves; will change due to franchise fee direction BCOL Sales Tax Fund Revenues: $ 2,250,000 Sales Tax Proceeds 254,000 Grant Funding 21,000 Investment Earnings $ 2,525,000 Total Expenditures: $ 950,000 Maintenance Shop (with County) 755,000 Pickleball Courts $ 1,705,000 Total $820,000 projected addition to fund reserves for future capital Central Equipment Fund Revenues: $ 26,000 Public Safety - Fire 496,700 Public Works – Streets & Eng. 171,200 Recreation – Parks 3,500 Recreation - MCC 20,100 Investment Earnings 5,000 Sales/Trade-In Value $ 719,000 Total Expenditures: $ 400,000 Hook/Plow/Dump Truck #116 90,000 Asphalt Roller #128 25,000 Skid Loader Plow Attachment 15,000 Loader Grapple Attachment 15,000 MCC Floor Scrubber $ 545,000 Total $174,000 projected addition to fund reserves for future equipment purchase/replacement Capital Requests: Internal Service Funds •Facilities Maintenance Fund: $28,000 •$28,000 Scissor Lift & Trailer •Information Technology (IT) Fund: $40,150 •$29,150 Server Hardware •$11,000 Fob Access & Security Camera Addition (MCC) Capital Requests: Utility Enterprise Funds •Water Fund: $19,555,000 •$18,000,000 Water Treatment Plant •$1,000,000 West CSAH 39 Main Extension •$405,000 Haven Ridge Main Oversizing •$150,000 Portable 200kw Generator •Sewer Fund: $1,926,000 •$1,060,000 Haven Ridge Main Oversizing •$700,000 WWTP Gasifier Tank •$166,000 Sewer Camera & Trailer •Stormwater Fund: $2,985,000 •$2,000,000 Ditch 33 Improvements •$900,000 Karlsburger Pond Expansion •$85,000 Haven Ridge Infrastructure Oversizing •Fibernet Fund: $200,000 •$200,000 Extensions to New Developments “A budget is more than just a series of numbers on a page; it is an embodiment of our values.” - Barack Obama