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City Council Minutes 08-18-2025 SpecialMINUTES MONTICELLO CITY COUNCIL SPECIAL MEETING Monday, August 18, 2025 — 5:00 p.m. Monticello Community Center Present: Lloyd Hilgart, Charlotte Gabler, Kip Christianson, Tracy Hinz Absent: Lee Martie Staff: Rachel Leonard, Sarah Rathlisberger, Angela Schumann, Matt Leonard, Bob Ferguson, Jim Thares, Tom Pawelk, and Stephanie Trottier 1. Call to Order Mayor Lloyd Hilgart called the special meeting to order at 5:00 p.m. 2. Budget/CIP Finance Director Sarah Rathlisberger presented an overview of the capital improvement plan, including the 2026 tax levy per the long-term financial plan, as well as revenues and expenditures for the Capital Projects Fund and the Central Equipment Fund. She also noted that final valuation information from Xcel Energy was not yet available. Ms. Rathlisberger reviewed upcoming capital requests across several funds, including the Capital Projects Fund, BCOL Sales Tax Fund, Central Equipment Fund, Internal Service Funds, and Utility Enterprise Funds. It was noted that the Public Works building was not included in the expenditure list because the timing of bonding has yet been determined. Mayor Hilgart commented that the developer of Deephaven does not want the proposed playground currently listed as an expenditure in the Capital Projects Fund. Following discussion, the Council agreed that this item should be removed. Ms. Rathlisberger requested direction from the City Council on whether liquor funds should continue to be transferred into the capital funds annually or held in the Liquor Fund until funding for specific project(s) accumulates. Council Member Christianson said he was interested in understanding the impact of keeping the liquor store funds in their fund and using the levy to increase the capital fund. Council Member Hinz agreed with this statement. 3. Adjournment By consensus, the meeting was adjourned at 6:15 p.m. Recorder: Jennifer Schreiber Attest: City Administrator City Council Special Meeting Minutes — August 18, 2025