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City Council Agenda Packet 11-24-2025 Special
SPECIAL MEETING MONTICELLO CITY COUNCIL Monday, November 24, 2025 – 5:00 p.m. Monticello Community Center AGENDA 1. Call to Order 2. 5:00 – 6:15 p.m. 2026 Budget Discussion – may include direction on funding for Public Works Facility 3. Adjournment 2026 Budget Workshop #6 NOVEMBER 24, 2025 Budget Schedule •July 28: Workshop 1 - Background on Operations •August 18*: Workshop 2 - Background on Capital •August 25: Workshop 3 - Tax Base & Levy Impacts •Sep. 8: Workshop 4 - Wage Study Results •Sep. 15*: Workshop 5 - Final Levy Adjustments •Sep. 22: Preliminary Levy Decision •Nov 24: Workshop 6 - Final Updates •Dec. 8: Final Levy, Fee Schedule & Budget *Special Meeting Workshop Agenda •Remember Where We Left Off •Discuss What’s Changed •Review Updated Staff Recommendation for Final Levy and Budget •Gather Feedback and Direction for December 8, 2025 Meeting Preparation Preliminary Taxable Market Values •No Decertified TIF Districts in Payable 2026* Property Class Change New Existing Overall +8.64%+2.64%+4.70% 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*+10.2% ($70M)--+10.2% Preliminary 2026 Tax Levy 2023 2024 2025 2026 Property Property Property Property %$$ Fund Taxes Taxes Taxes Taxes Change Change General Fund $8,060,000 $8,640,000 $8,985,000 $9,435,000 5.0%$450,000 Community Center 515,000 525,000 535,000 552,000 3.2%17,000 Capital 1,475,419 1,882,825 2,400,807 3,044,489 26.8%643,682 2020A GO Bonds 111,690 24,830 98,220 119,754 21.9%21,534 2019A GO Bonds 697,133 711,964 680,836 699,143 2.7%18,307 2018A GO Bonds 444,232 439,337 419,127 433,602 3.5%14,475 2017A GO Bonds 299,532 326,842 403,942 430,832 6.7%26,890 2016A GO Bonds 282,559 357,979 433,189 428,189 -1.2%(5,000) 2015B GO Bonds 164,435 165,223 160,879 193,991 20.6%33,112 Total City Levy $12,050,000 $13,074,000 $14,117,000 $15,337,000 8.6%$1,220,000 Draft General Fund Budget – What’s Included •Compensation study results & COLA •City Planner for partial year •Law enforcement contract increase •Memberships: CUC, CMRP, LMC, ICMA, I-94 •Elections (Primary & General) •Additional legal services •OSHA training management •Increased P&C insurance premiums •External AEDs at Hi-Way & fire station •Striping & crack seal projects •Pathway maintenance project(s) •EAB response •New equipment payments to Central Equipment Fund Draft General Fund Budget – What’s NOT Included •Lobbyist •Strategic planning facilitator •Server replacement •Monopole structural analysis •West Bridge Park hardcourt resurface •Pointes at Cedar landscaping grant match •Downtown banner project •Facilities Maintenance scissor lift What’s Changed •General Operations •City Planner to be hired 6 months sooner on 4/1/26 •Health insurance premium increases •Other adjustments •Revenue assumptions •Expenditure adjustments •Senior Center request (not included) •Updated tax base information Updated Proposed 2026 Tax Levy 2023 2024 2025 2026 Property Property Property Property %$$ 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 Community Center 515,000 525,000 535,000 552,000 3.2%17,000 Capital 1,475,419 1,882,825 2,400,807 2,844,489 18.5%443,682 2020A GO Bonds 111,690 24,830 98,220 119,754 21.9%21,534 2019A GO Bonds 697,133 711,964 680,836 699,143 2.7%18,307 2018A GO Bonds 444,232 439,337 419,127 433,602 3.5%14,475 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 164,435 165,223 160,879 193,991 20.6%33,112 Total City Levy $12,050,000 $13,074,000 $14,117,000 $15,137,000 7.2%$1,020,000 What’s Changed •Capital Project Fund •2025 vs. 2026 activity •Projects delayed in CIP •PW facility timeline for financing & construction •Method of bond sale •Structure of bond sale •BCOL Sales Tax Fund •Street Improvements Fund •Franchise fee assumptions •Utilities Funds •Rates •Water Treatment Plant timing •Community Center Fund •Hours of operation •Rates in Fee Schedule •Adjustments to expenditures Updated Draft General Fund Budget – Summary GENERAL FUND 2023 2024 2025 2025 2026 % REVENUES ACTUAL ACTUAL BUDGET THRU 11/24 BUDGET CHANGE Property Taxes 8,056,454$ 8,685,314$ 9,007,000$ 4,719,195$ 9,457,000$ 5.0% Franchise & Other Taxes 243,482 203,292 302,000 197,814 293,500 -2.8% Licenses & Permits 930,901 924,801 482,000 844,191 580,000 20.3% Intergovernmental Revenues 1,224,989 854,998 825,000 699,322 616,000 -25.3% Charges for Services 1,441,924 1,580,872 1,514,900 1,266,043 1,668,000 10.1% Fines & Forfeits 52,413 65,940 78,500 79,146 78,000 -0.6% Special Assessments 156 364 - 1,040 - --- Miscellaneous 1,263,324 1,393,299 971,600 1,039,269 1,193,500 22.8% Contributed Capital 1,650 - - - - --- TOTAL REVENUES 13,215,293$ 13,708,880$ 13,181,000$ 8,846,020$ 13,886,000$ 5.3% EXPENDITURES Personnel Services 3,969,843$ 4,275,548$ 4,542,664$ 4,005,207$ 4,982,800$ 9.7% Supplies 798,806 768,769 931,650 765,879 837,750 -10.1% Other Services & Charges 5,923,817 6,906,087 7,055,786 5,848,087 7,365,550 4.4% Capital Outlay 633,000 607,744 644,900 483,675 693,900 7.6% Operating Transfers Out 753,950 1,205,114 6,000 - 6,000 0.0% TOTAL EXPENDITURES 12,079,416$ 13,763,262$ 13,181,000$ 11,102,848$ 13,886,000$ 5.3% FUND BALANCE - JANUARY 1 7,042,796$ 8,178,673$ 8,124,291$ 8,124,291$ 5,867,463$ Excess (Deficiency) of Revenues over Expenditures 1,135,877 (54,382) - (2,256,828) - FUND BALANCE - DECEMBER 31 8,178,673$ 8,124,291$ 8,124,291$ 5,867,463$ 5,867,463$ Updated Draft Community Center Fund Budget – Summary COMMUNITY CENTER 2023 2024 2025 2025 2026 % REVENUES ACTUAL ACTUAL BUDGET THRU 11/24 BUDGET CHANGE Property Taxes 515,000$ 525,000$ 535,000$ 267,500$ 552,000$ 3.2% Intergovernmental Revenues 415,396 1,500 - - - --- Charges for Services 1,255,214 1,266,399 1,403,100 1,125,941 1,459,000 4.0% Miscellaneous 52,207 69,628 28,900 13,635 34,000 17.6% Operating Transfers In - 100,000 100,000 - 100,000 0.0% TOTAL REVENUES 2,237,817$ 1,962,527$ 2,067,000$ 1,407,076$ 2,145,000$ 3.8% EXPENDITURES Personnel Services 1,204,984$ 1,294,820$ 1,193,226$ 1,227,253$ 1,318,510$ 10.5% Supplies 181,977 137,300 130,200 120,515 123,500 -5.1% Other Services & Charges 728,529 640,828 723,574 622,962 702,990 -2.8% Capital Outlay 27,843 96,760 20,000 - - -100.0% TOTAL EXPENDITURES 2,143,333$ 2,169,708$ 2,067,000$ 1,970,730$ 2,145,000$ 3.8% FUND BALANCE - JANUARY 1 449,419$ 543,903$ 336,722$ 336,722$ (226,932)$ Excess (Deficiency) of Revenues over Expenditures 94,484 (207,181) - (563,654) - FUND BALANCE - DECEMBER 31 543,903$ 336,722$ 336,722$ (226,932)$ (226,932)$ Updated Draft Capital Project Fund Budget – Summary CAPITAL PROJECT FUND 2023 2024 2025 2025 2026 % REVENUES ACTUAL ACTUAL BUDGET THRU 11/24 BUDGET CHANGE Property Taxes 1,548,989$ 1,996,693$ 2,400,807$ 1,202,121$ 2,844,489$ 18.5% Intergovernmental Revenues 641,606 1,136,453 1,185,000 18,905 1,177,000 -0.7% Charges for Services - 1,443,826 - 584,817 - --- Special Assessments 884,472 892,478 101,066 134,030 236,351 133.9% Miscellaneous 541,853 553,034 100,127 - 320,160 219.8% Contributed Capital 2,421,894 - - - 65,000 --- Operating Transfers In 3,500,000 1,700,000 880,000 - 25,000 -97.2% Debt Proceeds - - - - 35,000,000 --- TOTAL REVENUES 9,538,814$ 7,722,484$ 4,667,000$ 1,939,873$ 39,668,000$ 750.0% EXPENDITURES Other Services & Charges 37,501$ 33,737$ -$ 104,277$ -$ --- Capital Outlay 10,727,535 7,901,105 5,787,000 4,659,422 21,681,000 274.7% TOTAL EXPENDITURES 10,765,036$ 7,934,842$ 5,787,000$ 4,763,699$ 21,681,000$ 274.7% FUND BALANCE - JANUARY 1 10,868,750$ 9,642,528$ 9,430,170$ 9,430,170$ 6,606,344$ Excess (Deficiency) of Revenues over Expenditures (1,226,222) (212,358) (1,120,000) (2,823,826) 17,987,000 FUND BALANCE - DECEMBER 31 9,642,528$ 9,430,170$ 8,310,170$ 6,606,344$ 24,593,344$ Updated Draft Water Fund Budget – Summary WATER FUND 2023 2024 2025 2025 2026 % REVENUES ACTUAL ACTUAL BUDGET THRU 11/24 BUDGET CHANGE Licenses & Permits 2,865$ 4,625$ 2,000$ 3,780$ 2,500$ 25.0% Intergovernmental Revenues 101,700 - - - 500,000 --- Charges for Services 2,623,776 2,245,278 1,862,750 2,092,842 2,079,000 11.6% Special Assessments 26,497 25,698 9,000 160,913 8,000 -11.1% Miscellaneous 423,607 574,409 210,250 364,067 338,500 61.0% Contributed Capital 317,493 163,169 - 38,632 50,000 --- Debt Proceeds - - - - 12,800,000 --- TOTAL REVENUES 3,495,938$ 3,013,179$ 2,084,000$ 2,660,234$ 15,778,000$ 657.1% EXPENDITURES Personnel Services 381,293$ 422,069$ 454,477$ 419,248$ 486,724$ 7.1% Supplies 214,276 176,146 291,000 81,703 241,000 -17.2% Other Services & Charges 361,835 367,159 524,523 300,875 537,276 2.4% Capital Outlay - - 2,102,000 - 14,205,000 575.8% TOTAL EXPENDITURES 957,404$ 965,374$ 3,372,000$ 801,826$ 15,470,000$ 358.8% FUND BALANCE - JANUARY 1 7,538,714$ 10,077,248$ 12,125,053$ 12,125,053$ 13,983,461$ Excess (Deficiency) of Revenues over Expenditures 2,538,534 2,047,805 (1,288,000) 1,858,408 308,000 FUND BALANCE - DECEMBER 31 10,077,248$ 12,125,053$ 10,837,053$ 13,983,461$ 14,291,461$ Updated Draft Sewer Fund Budget – Summary SEWER FUND 2023 2024 2025 2025 2026 % REVENUES ACTUAL ACTUAL BUDGET THRU 11/24 BUDGET CHANGE Intergovernmental Revenues 203,400$ -$ 1,000,000$ -$ -$ -100.0% Charges for Services 4,267,431 3,741,718 3,329,143 2,960,584 3,381,000 1.6% Special Assessments 20,866 99,967 16,000 31,928 14,000 -12.5% Miscellaneous 602,672 680,974 249,857 101,873 425,000 70.1% Contributed Capital 442,406 171,618 - 130,343 50,000 --- TOTAL REVENUES 5,536,775$ 4,694,277$ 4,595,000$ 3,224,728$ 3,870,000$ -15.8% EXPENDITURES Personnel Services 402,942$ 357,211$ 399,842$ 371,486$ 428,338$ 7.1% Supplies 203,865 169,213 248,000 101,616 231,000 -6.9% Other Services & Charges 1,358,965 1,299,084 1,745,558 1,673,095 1,783,620 2.2% Capital Outlay - - 5,142,000 - 1,926,000 -62.5% Debt Service 55,170 49,211 366,600 27,800 371,042 1.2% TOTAL EXPENDITURES 2,020,942$ 1,874,719$ 7,902,000$ 2,173,997$ 4,740,000$ -40.0% FUND BALANCE - JANUARY 1 11,416,131$ 14,931,964$ 17,751,522$ 17,751,522$ 18,802,253$ Excess (Deficiency) of Revenues over Expenditures 3,515,833 2,819,558 (3,307,000) 1,050,731 (870,000) FUND BALANCE - DECEMBER 31 14,931,964$ 17,751,522$ 14,444,522$ 18,802,253$ 17,932,253$ Updated Draft Stormwater Fund Budget – Summary STORMWATER FUND 2023 2024 2025 2025 2026 % REVENUES ACTUAL ACTUAL BUDGET THRU 11/24 BUDGET CHANGE Intergovernmental Revenues 60,750$ 69,487$ 1,485,000$ -$ 1,945,625$ 31.0% Charges for Services 605,240 663,057 662,791 609,860 700,000 5.6% Special Assessments 6,367 5,378 5,000 8,665 4,000 -20.0% Miscellaneous 114,598 131,074 50,209 70 90,375 80.0% Contributed Capital 228,143 235,240 - 93,140 125,000 --- TOTAL REVENUES 1,015,098$ 1,104,236$ 2,203,000$ 711,735$ 2,865,000$ 30.0% EXPENDITURES Personnel Services 181,220$ 166,319$ 172,183$ 168,550$ 180,659$ 4.9% Supplies 15,198 22,495 19,000 15,432 21,000 10.5% Other Services & Charges 7,284 13,762 379,817 18,021 370,341 -2.5% Capital Outlay - - 2,585,000 - 2,685,000 3.9% TOTAL EXPENDITURES 203,702$ 202,576$ 3,156,000$ 202,003$ 3,257,000$ 3.2% FUND BALANCE - JANUARY 1 3,180,381$ 3,991,777$ 4,893,437$ 4,893,437$ 5,403,169$ Excess (Deficiency) of Revenues over Expenditures 811,396 901,660 (953,000) 509,732 (392,000) FUND BALANCE - DECEMBER 31 3,991,777$ 4,893,437$ 3,940,437$ 5,403,169$ 5,011,169$ Updated Draft City Budget – Summary 2026 Budgeted 2026 Budgeted Fund Balance Fund Revenues Expenditures Added (Expended) General Fund 13,886,000$ 13,886,000$ -$ Special Revenue Funds Cemetery 50,000$ 34,000$ 16,000$ Small Community Development Grant 30,000 - 30,000 Monticello Community Center 2,145,000 2,145,000 - Total Special Revenue Funds 2,225,000$ 2,179,000$ 46,000$ Debt Service Funds 2015B G.O. Bonds 198,000$ 215,000$ (17,000)$ 2016A G.O. Bonds 481,000 529,000 (48,000) 2017A G.O. Bonds 465,000 474,000 (9,000) 2018A G.O. Bonds 437,000 448,000 (11,000) 2019A G.O. Bonds 712,000 712,000 - 2020A G.O. Bonds 220,000 234,000 (14,000) Total Debt Service Funds 2,513,000$ 2,612,000$ (99,000)$ Capital Project Funds Capital Projects 39,668,000$ 21,681,000$ 17,987,000$ Street Lighting Improvements 175,000 25,000 150,000 Park Dedication 5,000 - 5,000 BCOL Sales Tax 2,527,000 1,705,000 822,000 Transportation Improvements 1,405,000 1,260,000 145,000 Total Capital Project Funds 43,780,000$ 24,671,000$ 19,109,000$ Enterprise Funds Water 15,778,000$ 15,470,000$ 308,000$ Sewer 3,870,000 4,740,000 (870,000) Stormwater 2,865,000 3,257,000 (392,000) Liquor 6,478,000 6,078,000 400,000 Deputy Registrar 1,149,000 960,000 189,000 Fiber Optics 1,903,000 1,848,000 55,000 Total Enterprise Funds 32,043,000$ 32,353,000$ (310,000)$ Internal Service Funds Facilities Maintenance 725,000$ 725,000$ -$ IT Services 594,000 594,000 - Central Equipment 719,000 530,000 189,000 Benefit Accrual 30,000 30,000 - Total Internal Service Funds 2,068,000$ 1,879,000$ 189,000$ Component Units Economic Development Authority 1,379,000$ 1,194,000$ 185,000$ Total Component Units 1,379,000$ 1,194,000$ 185,000$ Total All Funds 97,894,000$ 78,774,000$ 19,120,000$ “Strive not to be a success but rather to be of value.” - Albert Einstein Sum of Estimated Cost Column Labels Project Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Future Grand Total City Facilities Maintenance $1,925,000 $741,000 $745,000 $2,165,000 $600,000 $180,000 $180,000 $6,536,000 City Welcome Signs $180,000 $180,000 Building Signage - Park Barn $23,000 $23,000 Mississippi Room Carpet - MCC $50,000 $50,000 Pool Deck Resurface - MCC $100,000 $100,000 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 $2,310,000 $2,745,000 $5,183,700 $2,625,000 $2,645,000 $4,500,000 $3,750,000 $3,150,000 $2,250,000 $3,000,000 $620,000 $32,778,700 Chelsea Road Improvements - Hwy 25 to CSAH 39 $350,000 $2,950,000 $3,300,000 CSAH 39 Pedestrian Pathway - Elm to 7th (C24001) $900,000 $900,000 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 Otter Creek Pathway Improvements - Chestnut to West River $600,000 $600,000 Traffic Signal at Hwy 25/4th St $500,000 $500,000 Edmonson Reconstruction - Chelsea to School $150,000 $3,450,000 $3,600,000 Mill & Overlay - Carlisle Village $85,000 $850,000 $935,000 Mill & Overlay - Cedar, Dundas, Thomas Park, Oakwood $300,000 $3,000,000 $3,300,000 Mill & Overlay - Core City Area 1 $150,000 $2,000,000 $2,150,000 Capital Improvement Plan (CIP) - 2026 & Future - DRAFT as of 11/24/2025 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 11/24/2025 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 - Groveland $100,000 $1,900,000 $2,000,000 Mill & Overlay - Hillside Farms $50,000 $500,000 $550,000 Mill & Overlay - Hunters Crossing $55,000 $550,000 $605,000 Mill & Overlay - Klein Farms $100,000 $1,550,000 $1,650,000 Mill & Overlay - School Blvd West $90,000 $900,000 $990,000 Mill & Overlay - Sunset Ponds $95,000 $950,000 $1,045,000 Utilities Infrastructure $4,500,000 $200,000 $300,000 $570,000 $5,100,000 $200,000 $200,000 $500,000 $6,500,000 $2,200,000 $20,270,000 Chelsea Rd Outlet Control $100,000 $100,000 Ditch 33 Improvements $2,000,000 $2,000,000 Karlsburger Pond Expansion $300,000 $300,000 WWTP Gasifier Tank $700,000 $700,000 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 Fiber to 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 Fallon Ave Pond Outlet $300,000 $300,000 Parks & Recreation $130,000 $947,200 $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 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 MCC Recreation Software $77,200 $77,200 Fleet $696,000 $1,507,150 $526,557 $2,163,395 $987,512 $565,545 $750,795 $122,655 $323,622 $181,548 $872,201 $8,696,980 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 Well #3 Generator $183,000 $183,000 Well #4/Marvin Rd Generator $232,320 $232,320 Loader Grapple Attachment $15,000 $15,000 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 11/24/2025 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 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 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 11/24/2025 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 $175,000 $4,675,000 $4,850,000 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 $175,000 $175,000 The Pointes at Cedar $1,206,000 $1,206,000 Parkland Acquisition - Southern Pond $600,000 $600,000 Professional Services Contract - Phase I $606,000 $606,000 City Facilities New $30,300,000 $37,500,000 $12,200,000 $80,000,000 New Public Works Facility $17,500,000 $17,500,000 $35,000,000 Water Treatment Plant $12,800,000 $20,000,000 $12,200,000 $45,000,000 Grand Total $44,192,000 $47,690,350 $28,405,257 $12,909,395 $9,232,512 $13,385,545 $4,880,795 $3,772,655 $9,073,622 $5,381,548 $872,201 $9,575,000 $189,370,880 Sum of Estimated Cost Column Labels Fund 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Future Grand Total Cemetery Fund $70,000 $70,000 Capital Projects Fund $21,681,000 $19,705,000 $5,673,700 $4,376,000 $100,000 $3,785,000 $3,630,000 $9,575,000 $68,525,700 Transportation Improvement Fund $1,260,000 $2,500,000 $3,105,000 $2,625,000 $2,145,000 $4,350,000 $300,000 $3,150,000 $2,250,000 $3,000,000 $24,685,000 Street Light Improvement Fund $500,000 $500,000 Bertram Sales Tax Fund $1,705,000 $3,000,000 $3,000,000 $7,705,000 Water Fund $12,800,000 $20,175,000 $12,250,000 $333,000 $157,512 $90,000 $45,805,512 Water Trunk/Access Sub-Fund $1,405,000 $305,000 $2,400,000 $260,000 $150,000 $1,885,000 $6,405,000 Sewer Fund $866,000 $195,000 $283,000 $1,315,000 $4,300,000 $407,320 $7,366,320 Sewer Trunk/Access Sub-Fund $1,060,000 $235,000 $3,850,000 $250,000 $2,600,000 $300,000 $6,000,000 $14,295,000 Stormwater Fund $2,000,000 $400,000 $450,000 $2,850,000 Stormwater Trunk/Access Sub-Fund $685,000 $55,000 $100,000 $120,000 $600,000 $300,000 $2,000,000 $3,860,000 Liquor Fund $150,000 $150,000 $300,000 Deputy Registrar Fund $45,000 $45,000 Fiber Optics Fund $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $2,000,000 Facilities Maintenance Fund $58,000 $45,000 $103,000 Central Equipment Fund $530,000 $675,000 $393,557 $440,395 $830,000 $158,225 $300,795 $32,655 $323,622 $181,548 $872,201 $4,737,998 IT Fund $117,350 $117,350 Grand Total $44,192,000 $47,690,350 $28,405,257 $12,909,395 $9,232,512 $13,385,545 $4,880,795 $3,772,655 $9,073,622 $5,381,548 $872,201 $9,575,000 $189,370,880 Capital Improvement Plan (CIP) - 2026 & Future - DRAFT as of 11/24/2025 Category Estimated Cost Notes Funding Notes Building Envelope - MCC City Facilities Maintenance $1,500,000 Complete components separately?$0 Parking Lot Improvements - Library City Facilities Maintenance 325,000 100% Grant Funded 325,000 State Grant Roof Repairs - Soccer Building City Facilities Maintenance 100,000 70% Insurance Reimbursement 70,000 Insurance CSAH 39 Pedestrian Pathway - Elm to 7th (C24001)Transportation 900,000 County $ in 2025 800,000 Federal Grant available 7/1/26 East Bridge Park Sidewalk & Underpass Improvements Transportation 150,000 $100k grant in 2027 0 Federal Grant $100k in 2027 Haven Ridge Oversizing and Landscaping Fallon Ave Improvements 751,000 Timing of development uncertain 0 Fallon Avenue Reconstruction- Chelsea Rd to Fallon Dr Fallon Ave Improvements 150,000 ROW Acquisition 0 4th Street Park Hockey Board Replacement Parks & Recreation 65,000 65,000 Hockey Assn contribution Public Parking Lot Expansion - Block 51 Downtown 175,000 EDA Funding?25,000 Street Light Fund Public Works Facility Design/Grading City Facilities New 17,500,000 Assume half spent in 2026 35,000,000 Bond Proceeds Front Street Pier Replacement Parks & Recreation 65,000 Dependent on potential grant funding 52,000 State Grant 250,160 Interest, etc 236,351 Assessments 2,844,489 Levy $21,681,000 $39,668,000 $17,987,000 $487,000 Mill & Overlay - River Mill Transportation $1,100,000 Mill & Overlay - Klein Farms Transportation 100,000 Mill & Overlay - Cardinal Hills Transportation 60,000 $1,260,000 HVAC & Fire System Upgrades - Library City Facilities Maintenance $44,785 100% Grant Funded Roof Replacements from Hail Damage - Various City Facilities Maintenance 225,000 100% Insurance Reimbursement CSAH 39 Pedestrian Pathway - Elm to 7th (C24001)Transportation 1,200,000 Based on Pay App #2 $1,469,785 MCC Skate Park Area City Facilities Maintenance $45,000 Fob Access & Security Cameras - Library City Facilities Maintenance 25,000 Pioneer Park Disc Golf Course City Facilities Maintenance 23,000 Building Signage - Park Barn Parks & Recreation 100,000 Dependent on potential grant funding Furnace & AC Replacement - West Bridge Park Shelter Parks & Recreation 25,000 $218,000 Project Name Move to Transportation Improvements Fund Completed in 2025 Delay to 2027 Capital Projects Fund 2026 CIP - as of 11/24/2025