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2025.12.02 Council Meeting Packet 4141 Douglas Drive North • Crystal, Minnesota 55422-1696 Tel: (763) 531-1000 • Fax: (763) 531-1188 • www.crystalmn.gov Posted: Nov. 26, 2025 City Council Meeting Schedule Tuesday, Dec. 2, 2025 Time Meeting Location 6:30 p.m. City Council work session to discuss: 1. Constituent issues.* 2. New business.* 3. Announcements.* Council chambers/Zoom 6:45 p.m. Economic Development Authority (EDA) meeting Council chambers/Zoom 7 p.m. City council meeting Council chambers/Zoom Per the requirements of Minnesota Statutes, Section 13D.02, council members may participate by interactive technology. The public may attend the meetings via Zoom by connecting through one of the methods identified below. Topic: Crystal City Council work session, EDA meeting and city council regular meeting. Time: Dec. 2, 2025, 6:30 p.m., Central Time (US and Canada) Join Zoom meeting: https://us02web.zoom.us/j/81352225064?pwd=2jF9jL1oRmDSmDShTFmdX0Py2Eqq20.1 Meeting ID: 813 5222 5064 | Passcode: 4141 Find your local number: https://us02web.zoom.us/u/kbgq1KC5p6 Auxiliary aids are available upon request to individuals with disabilities by calling the city clerk at (763) 531-1145 at least 96 hours in advance. TTY users may call Minnesota Relay at 711 or 1-800-627-3529. 4141 Douglas Drive North • Crystal, Minnesota 55422-1696 Tel: (763) 531-1000 • Fax: (763) 531-1188 • www.crystalmn.gov Posted: Nov. 26, 2025 City Council Work Session Agenda Tuesday, Dec. 2, 2025 | 6:30 p.m. Council Chambers/Zoom Pursuant to due call and notice given in the manner prescribed by Section 3.01 of the City Charter, the Crystal City Council work session was held on Tuesday, Dec. 2, 2025, at _____ p.m. electronically via Zoom and in the council chambers at city hall, 4141 Douglas Dr., Crystal, Minnesota. I. Attendance Council members Staff ____ Cummings ____ Bell ____ Deshler ____ Tierney ____ Eidbo ____ Therres ____ Kamish ____ Elholm ____ Kiser ____ Hubbard ____ Onesirosan ____ Kunde ____ Budziszewski ____ Struve ____ Sutter ____ Serres II. Agenda The purpose of the work session is to discuss the following agenda item s: 1) Constituent issues update. * 2) New business. * 3) Announcements. * III. Adjournment The work session adjourned at ______ p.m. * Denotes no supporting information included in the packet. Auxiliary aids are available upon request to individuals with disabilities by calling the city clerk at (763) 531-1145 at least 96 hours in advance. TTY users may call Minnesota Relay at 711 or 1-800-627-3529. Page 1 of 2 4141 Douglas Drive North • Crystal, Minnesota 55422-1696 Tel: (763) 531-1000 • Fax: (763) 531-1188 • www.crystalmn.gov Posted: Nov. 26, 2025 City Council Meeting Agenda Tuesday, Dec. 2, 2025 7 p.m. Council Chambers/Zoom Meeting The city manager’s comments are bolded. 1. Call to Order, Roll Call, and Pledge of Allegiance 2. Approval of Agenda The council will consider approval of the agenda. 3. Consent Agenda The council will consider the following items, which are routine and non-controversial in nature, in a single motion: 3.1 Approval of the minutes from the following meetings: a. The city council work session on Nov. 13, 2025. b. The city council meeting on Nov. 18, 2025. c. The city council work session on Nov. 18, 2025. 3.2 Approval of disbursements over $25,000 submitted by the finance department. 3.3 Approval of the list of license applications submitted by the city clerk. 3.4 Adoption of a resolution accepting a donation. 4. Open Forum (The city council appreciates hearing from citizens about items of concern and desires to set aside time during each meeting for open forum. To provide ample opportunity for all, speaking time is limited to three minutes and topic discussion is limited to ten minutes. The mayor may, as presiding officer, extend the total time allowed for a topic. By rule, no action may be taken on any item brought before the council during open forum. The council may place items discussed during open forum onto subsequent council meeting agendas.) 5. Public Hearing 5.1 The council will open a public hearing to receive comments, and the Council will consider resolutions approving the 2026 budget, 2026 property tax levy and 2026 Economic Development Authority budget and property tax levy. Page 2 of 2 The City Council held several work sessions to discuss and develop the 2026 budget. After adopting the preliminary budget and levies in September, staff continued to revise the budget to align with Council priorities and directives; however, no changes were made to the total budget amount or levy. Additionally, as part of the two-year budget process, the Council reviews a 10-year plan for capital funds, projects, and a financial forecast, which is titled the Long-Term Plan. Assistant Finance Director Jodi Bursheim will provide an updated overview of the budget and how market values impact property taxes. After the Council receives public comment, recommend adoption of the resolution approving the 2026 budget, 2026 property tax levy, 2026 Economic Development Authority property tax levy, and the 2026-2035 Long Term Plan. 6. Regular Agenda *There are no Regular Agenda business items. 7. Announcements a. Winterfest and the Tri-city Santa Parade will be Saturday, Dec. 6. More information is available at www.crystalmn.gov b. The City Council will hold a work session on Thursday, Dec. 11 at 6:30 p.m. in the Upper Community Room at city hall and via Zoom. c. The next city council meeting is Tuesday, Dec. 16, at 7 p.m. in the council chambers at city hall and via Zoom. d. The city is accepting applications for several volunteer positions on our boards and commissions. We have openings on the Sustainability Commission, Inclusion and Diversity Commission, Planning Commission, Parks and Recreation Commission, Employee Review Board, and on the Metro Blue Line Business Advisory Committee. For more information, please visit go.crystalmn.gov/volunteer. e. City council meetings and work sessions are open to the public. Current and previous meetings are available for viewing and listening at www.crystalmn.gov. 8. Adjournment *Denotes no supporting information included in the packet. Have a great weekend; stay healthy. See you at Tuesday’s meeting. Crystal City Council work session minutes Nov. 13, 2025 Pursuant to due call and notice given in the manner prescribed by Section 3.01 of the City Charter, the Crystal City Council work session was held at 6:30 p.m. on Nov. 13, 2025, in the upper community room at city hall, 4141 Douglas Dr. N., Crystal, MN, and via Zoom. Mayor Deshler called the meeting to order. I.Attendance The city manager recorded the attendance for city council members and staff: Council members present: Onesirosan, Budziszewski, Cummings, Deshler (departed at 8:47 p.m.), Eidbo, Kamish and Kiser. City staff present: City Manager A. Bell, Assistant City Manager/HR Manager K. Therres, Finance Director J. Bursheim, Recreation Director J. Elholm, Police Chief B. Hubbard, Public Works Director/City Engineer J. Struve and Community Development Director J. Sutter. II.Agenda The council and staff discussed the following agenda items: 1)Commission interview. 2)Long Term Plan updates. III.Adjournment The work session adjourned at 9:09 p.m. Julie Deshler, Mayor ATTEST: Adam R. Bell, City Manager 3.1(a) Crystal City Council meeting minutes Nov. 18, 2025 Page 1 of 3 1.Call to Order Pursuant to due call and notice given in the manner prescribed by Section 3.01 of the City Charter, the Crystal City Council meeting was held on Nov. 18, 2025, at 7 p.m. in the council chambers at city hall, 4141 Douglas Dr. N. in Crystal, MN, and via Zoom. Mayor Deshler called the meeting to order. Roll Call Mayor Deshler asked the city clerk to call the roll for elected officials. Upon roll call, the following attendance was recorded: Council members present: Budziszewski, Cummings, Deshler, Eidbo, Kamish, Kiser and Onesirosan. City staff present: City Manager A. Bell, City Attorney S. Tolar, Assistant City Manager/HR Manager K. Therres, Police Chief B. Hubbard, Deputy Police Chief P. Underthun, Public Works Director/City Engineer J. Struve, Community Development Director J. Sutter, Transit Project Coordinator C. Jao and City Clerk C. Serres. Pledge of Allegiance Mayor Deshler led the council and audience in the Pledge of Allegiance. 2.Approval of Agenda The council considered approval of the agenda. Moved by Council Member Budziszewski and seconded by Council Member Cummings to approve the agenda. Motion carried. 3.Appearances 3.1 Chief Hubbard recognized Police Reserve Captain Nathan Betters for 20 years of service to the Police Reserve Unit. 4.Consent Agenda The council considered the following items, which are routine and non-controversial in nature, in a single motion: 4.1 Approval of the minutes from the following meetings: a.The city council work session on Nov. 4, 2025. b.The city council meeting on Nov. 4, 2025. 4.2 Approval of disbursements over $25,000 submitted by the finance department. 4.3 Approval of the list of license applications submitted by the city clerk. 4.4 Adoption of Resolution No. 2025-99, accepting a donation. 4.5 Adoption of Resolution No. 2025-100, recognizing Nov. 27, 2025, as Day of Thanksgiving in the City of Crystal. 4.6 Adoption of Resolution No. 2025-101, recognizing Nov. 29, 2025, as Small Business Saturday in the City of Crystal. 4.7 Adoption of Resolution No. 2025-102, authorizing an application to the Metropolitan Council Environmental Services Private Property Inflow and Infiltration Grant Program. 4.8 Adoption of Resolution No. 2025-103, approving the purchase of a one-ton GMC Sierra 3500 truck and half-ton GMC Sierra 1500 truck for the Public Works Utilities Department. 3.1(b) Crystal City Council meeting minutes Nov. 18, 2025 Page 2 of 3 4.9 Adoption of Resolution No. 2025-104, authorizing a grant agreement with the Minnesota Department of Public Safety for the 2025-2026 Multicultural Education Program. 4.10 Adoption of Resolution No. 2025-105, approving a joint powers agreement with the Minnesota Department of Public Safety for prosecuting attorney access to criminal justice data. 4.11 Annual notification of the Police Department Body Worn Camera Audit to the City Council. 4.12 Acceptance of the resignation of Octavia Treadway from the Inclusion and Diversity Commission. 4.13 Appointment of Justin Russell to the Sustainability Commission. Moved by Council Member Kiser and seconded by Council Member Kamish to approve the consent agenda. Motion carried. 5. Open Forum The following persons addressed the council: • Tamara Rodrigue, 5170 West Broadway, regarding zoning. • Wendi Girard, 4836 Quail Ave. N., regarding the city’s climate action plan and proposed amendments to the animal ordinance. • Nick Ryan, 5313 Jersey Ave. N., regarding proposed amendments to animal ordinance related to beekeeping. • James Ommart, 4510 Douglas Dr. N., regarding safety concerns on Douglas Drive. • Emeka Okeakpu, 2934 Colfax Ave. N., regarding 4741 Welcome Ave. N. 6. Regular Agenda 6.1 The council considered the second reading of an ordinance amending Chapter IX Public Safety, Section 910 Animal Control and adding Section 911 Beekeeping, and a resolution approving language for summary publication. City Manager Adam R. Bell addressed the council. Moved by Council Member Budziszewski and seconded by Council Member Kiser to adopt the following ordinance: ORDINANCE 2025 - 13 AN ORDINANCE TO AMEND CHAPTER IX PUBLIC SAFETY, SECTION 910 ANIMAL CONTROL AND ADD SECTION 911 BEEKEEPING And further, that this is the second and final reading. Voting aye: Budziszewski, Cummings, Deshler, Eidbo, Kamish, Kiser and Onesirosan. Motion carried. Moved by Council Member Budziszewski and seconded by Council Member Kiser to adopt the following resolution: RESOLUTION NO. 2025 – 106 RESOLUTION APPROVING SUMMARY LANGUAGE FOR PUBLICATION OF ORDINANCE NO. 2025-13 Voting aye: Budziszewski, Cummings, Deshler, Eidbo, Kamish, Kiser and Onesirosan. Motion carried, resolution declared adopted. 3.1(b) Crystal City Council meeting minutes Nov. 18, 2025 Page 3 of 3 7. Announcements The council and staff made announcements about upcoming events. 8. Adjournment Moved by Council Member Budziszewski and seconded by Council Member Cummings to adjourn the meeting. Motion carried. The meeting adjourned at 7:43 p.m. ___________________________________ Julie Deshler, Mayor ATTEST: _____________________________________ Chrissy Serres, City Clerk 3.1(b) Crystal City Council work session minutes Nov. 18, 2025 Pursuant to due call and notice given in the manner prescribed by Section 3.01 of the City Charter, the Crystal City Council work session was held at 6:31 p.m. on Nov. 18, 2025, in the upper community room at city hall, 4141 Douglas Dr. N., Crystal, MN, and via Zoom. Mayor Deshler called the meeting to order. I.Attendance The city manager recorded the attendance for city council members and staff: Council members present: Budziszewski, Cummings, Deshler, Eidbo, Kamish, Kiser and Onesirosan. City staff present: City Manager A. Bell, City Attorney S. Tolar, Assistant City Manager/HR Manager K. Therres, Police Chief B. Hubbard, Public Works Director/City Engineer J. Struve, Community Development Director J. Sutter, Transit Project Coordinator C. Jao and City Clerk C. Serres. II.Agenda The council and staff discussed the following agenda item: 1)Blue Line project update. At 6:58 p.m., Mayor Deshler recessed the work session. Mayor Deshler reconvened the work session at 9:09 p.m. to continue discussion of the following agenda items: 2)Anti-displacement Community Prosperity Program update. 3)Community Development Department quarterly update. 4)Long Term Plan/Budget follow-up. 5)Council liaison reports. 6)Constituent issues update. 7)City manager update. 8)New business. 9)Announcements. III.Adjournment The work session adjourned at 10:01 p.m. Julie Deshler, Mayor ATTEST: Adam R. Bell, City Manager 3.1(c) DATE: November 21, 2025 TO: Adam R. Bell, City Manager City of Crystal City Council FROM: Jodi Bursheim, Contracted Finance Director RE: Expenditures over $25,000 Payee Amount Core & Main LP Radios for City Wide Radio Upgrade Project $128,304.00 Metropolitan Council Wastewater Services for December $157,087.86 Municipal Builders Inc JWC Pump House Improvements (Pass-Through Cost )$214,128.57 Nick's Tree Service Inc Special Assessment Tree Removals $33,800.00 Waste Management (HRG) New Hope, Brooklyn Center, and Crystal October Recycling $164,219.27 WSB LLC 2025 Utility Reconstruction Management $54,022.00 IRS - EFTPS Federal & FICA Withholding Taxes for 11/7/25 Pay Date $79,938.89 MN PERA Employee & City Required Contributions for 11/7/25 Pay Date $79,189.84 HealthPartners, Inc.November Health Insurance Premiums $164,418.86 Golden Valley JWC JWC September Water Charges $275,954.94 West Metro Fire Rescue District August - October Contribution to West Metro Fire $450,087.75 $1,801,151.98 Description 3.2 1 City of Crystal Council Meeting Dec. 2, 2025 Applications for City License Rental (new) 3708 Xenia Ave. N. – CAG MN Fund II LLC (Conditional) Rental (renewal) 4401 Brunswick Ave. N. – Rebekah Archer (Conditional) 3141 Douglas Dr. N. – Mike Halek 3237-3241 Douglas Dr. N. – Yewulsew Atnafu (Conditional) 3414 Douglas Dr. N. – Wally Anderson (Conditional) 6812 Fairview Ave. N. – Lowell Saumweber 3010-3012 Kentucky Ave. N. – Lauren Merritt 3513 Kyle Ave. N. – Huyen Chau Tran 3501 Major Ave. N. – Invitation Homes 3224 Maryland Ave. N. – Andy Berenberg 5616 Nevada Ave. N. – Andrew Zajac (Conditional) 5856 Orchard Ave. N. – HPA JV Borrower 2019-1 MC LLC (Conditional) 5233 Unity Ct. N. – Steven Neuman 4725 Welcome Ave. N. – Welcome Properties LLC (Conditional) 5000 Wilshire Blvd. – Michael Johnson 8316 30th Ave. N. – Hartzell Rental LLC 6205 32nd Ave. N. – Suwah Tobah (Conditional) 5718 34th Ave. N. – J Dobbins Homes LLC 8004 34th Pl. N. – Invitation Homes 5308 35th Ave. N. – Angela Edwards (Conditional) 5716 36th Ave. N. – Amber Brown (Conditional) 5808 36th Ave. N. – Alec Zimiga 7700/7710/7720 36th Ave. N. – Smith-Sturm Inv Winnetka Village (Conditional) 5920 46th Ave. N. – 3 Rivers St. Paul LLC (Conditional) 3.3 CITY OF CRYSTAL MINNESOTA RESOLUTION NO. 2025 – ___ RESOLUTION ACCEPTING A DONATION WHEREAS, Minnesota Statutes §465.03 requires that all gifts and donations of real or personal property be accepted only with the adoption of a resolution; and WHEREAS, said donations must be accepted by a resolution adopted by the City Council. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Crystal, to accept the following donation: Donor Purpose Amount Richard L. Hendrickson General parks fund $200 AND BE IT FURTHER RESOLVED, that the Crystal City Council sincerely thanks the above-named for the generous donation. Dated this 2nd day of December 2025. ______________________________ Julie Deshler, Mayor ATTEST: _______________________________ Chrissy Serres, City Clerk 3.4 Memorandum DATE: December 2, 2025 TO: Mayor and City Council Adam R. Bell, City Manager FROM: Jodi Bursheim, Abdo SUBJECT: Consideration of Resolutions Adopting the 2026 Final Property Tax Levies, 2026 Budget, 2026 EDA levy, and 2026-2035 Long Term Plan BACKGROUND The City Council held several work sessions to discuss property tax revenues and budget proposals. The outcome of the budget work sessions resulted in a proposed property tax levy increase of 15.87%. The emphasis for the 2026 budget has been to focus on meeting current service demands of the community and legislative mandates, provide competitive wages and benefits to recruit and retain quality people, to provide effective and efficient services to our residents and businesses, to continue to invest in future capital needs including Parks and Street Improvements, and to plan for increases in fund balance to meet target levels. While property taxes support approximately 75% of General Fund activity, they also support parks and street reconstruction throughout the city, and the police equipment revolving fund. In addition, property taxes support, through internal service fund allocations, fleet, buildings, and information technology. It is important to maintain sufficient reserves as local governments rely heavily on property tax revenue and need to have sufficient cash flow between property tax collection cycles to maintain operations. The 2026 budget reflects an increase of $1,000,000 to general fund reserves. This amount, as well as existing reserves, could fluctuate based on actual operations. 2026 Levy 2026 Revised 2026 Increase (Decrease) 2026 % Change General Levy $ 19,964,204 $ 2,682,500 15.52 % Capital Improvements Police Equipment Revolving 95,936 1,881 2.00 % Park Improvement 1,127,187 129,676 13.00 % Street Construction 699,665 91,261 15.00 % Total Capital Improvements Levy 1,922,788 222,818 13.11 % EDA 517,987 162,705 45.80 % Total Levy $22,404,979 $ 3,068,023 15.87 % OTHER 2026 BUDGETS 5.1 Special Revenue, Debt Service, Capital Project, Enterprise, and Internal Service Fund budgets are included in the total budget and also included in the long-term plan. 2026-2035 LONG TERM PLAN At the November 13 work session, the City Council reviewed the 2026-2035 Long Term Plan for capital funds and the financial forecast of the capital funds, enterprise funds, and internal service funds. Various future financing options were discussed and will be considered in future plans. The noted changes were to revise the EDA forecast with updated changes as mentioned by John Sutter at this meeting. In addition, the building fund had a revision requested to remove the $30,000 for the Council Chambers improvement plan. The updated plan is attached. CONCLUSION The City Council is requested to consider approving the 2026 Final Property Tax Levy, 2026 Budget, 2026 EDA Levy, and the 2026-2035 Long Term Plan. ATTACHMENTS • Resolution Approving 2026 Budget, 2026 Property Tax Levy, 2026 Economic Development Authority Property Tax Levy, and 2026-2035 Long Term Plan • 2026-2035 Long Term Plan 5.1 CITY OF CRYSTAL MINNESOTA RESOLUTION NO. 2025 – ___ RESOLUTION APPROVING 2026 BUDGET, 2026 PROPERTY TAX LEVY, 2026 ECONOMIC DEVELOPMENT AUTHORITY PROPERTY TAX LEVY, AND 2026-2035 LONG TERM PLAN WHEREAS, the City of Crystal is required by Section 7.05 of the City of Crystal Charter and State law to approve a resolution setting forth an annual tax levy to the Hennepin County Auditor; and WHEREAS, the City Council has met to discuss the 2026 budget and property tax levy and has held the required Public Input meeting in conformance with the requirements of the City Charter and State Statute, and WHEREAS, the Housing and Redevelopment Authority levy is limited to .000185 of taxable market value of all property located within the City of Crystal, and WHEREAS, the City Council has received the proposed 2026 budget and 2026-2035 long term plan. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Crystal, that the 2026 budget shall be as follows: General Special Revenue Debt Service Capital Projects Enterprise Internal Service Total Revenue Property Taxes and Special Assessments 20,028,654$ 517,987$ 771,536$ 2,189,288$ -$ -$ 23,507,465$ Licenses and Permits 945,845 - - - - - 945,845 Intergovernmental Revenue 3,297,521 229,235 - 338,000 - 102,167 3,966,923 Charges for Services 847,400 24,728 - - 13,445,948 - 14,318,076 Fines and Forfeits 195,600 - - - - - 195,600 Interest Income 75,000 23,107 14,000 59,499 22,374 34,267 228,247 Miscellaneous 33,200 25,000 - - 597,000 90,000 745,200 Interfund Services 811,620 - - - - 4,144,050 4,955,670 Transfers In - - - - - - - Total Revenue 26,234,840$ 820,057$ 785,536$ 2,586,787$ 14,065,322$ 4,370,484$ 48,863,026$ Appropriations General Government 3,119,183$ -$ -$ 27,585$ -$ 2,064,789$ 5,211,557$ Police and Fire 12,178,056 - - 19,700 - - 12,197,756 Community Development 1,070,914 - - - - - 1,070,914 Public Works 5,424,576 - - - - - 5,424,576 Recreation 3,442,111 - - - - - 3,442,111 Debt Service - - 1,290,357 - - - 1,290,357 Capital Outlay - - - 3,351,896 - 2,797,620 6,149,516 Enterprise Funds - - - - 13,441,509 - 13,441,509 Economic Development Authority - 914,632 - - - - 914,632 Transfers Out 1,000,000 - - - - - 1,000,000 Total Appropriations 26,234,840$ 914,632$ 1,290,357$ 3,399,181$ 13,441,509$ 4,862,409$ 50,142,928$ Net Revenue Over (Under) Appropriations 0$ (94,575)$ (504,821)$ (812,394)$ 623,813$ (491,925)$ (1,279,902)$ Cash balance, January 1 7,683,682$ 3,466,824$ 3,418,031$ 5,800,335$ 1,965,487$ 3,476,558$ 25,810,916$ Cash balance, December 31 7,683,682$ 3,372,249$ 2,913,210$ 4,987,941$ 2,589,299$ 2,984,633$ 24,531,014$ 2026 Revised Budget 5.1 BE IT FURTHER RESOLVED, that the City Council of the City of Crystal, Hennepin County, Minnesota, that the following sums of money be levied for collection in 2026 upon the taxable property within the City of Crystal for the following purposes: The EDA Levy cannot exceed .0185% of estimated market value of all property located within the City of Crystal; and BE IT FURTHER RESOLVED, that the property tax levy for the General Obligation Improvement Bonds Series 2015A is cancelled since there will be sufficient special assessment revenue to make the debt service payments; and BE IT FURTHER RESOLVED, that the City Council of the City of Crystal, Hennepin County, Minnesota, has received and adopted the 2026-2035 long term plan; and BE IT FURTHER RESOLVED, that the Truth in Taxation Public Input meeting will be held on December 2, 2025; and BE IT FURTHER RESOLVED, that the City Clerk is hereby authorized and directed to transmit this information to the County Auditor of Hennepin County, Minnesota, and the Minnesota Department of Revenue, if applicable, in the format requested as required by law. Adopted by the Crystal City Council this 2nd day of December 2025. Julie Deshler, Mayor ATTEST: Chrissy Serres, City Clerk 2026 LEVY 2026 Revised General levy 19,964,204$ Capital Improvements Police Equipment Revolving 95,936 Park Improvement 1,127,187 Street Construction 699,665 Total Capital Improvements levy 1,922,788 EDA 517,987 Total levy $ 22,404,979 5.1 Long Term Plan City of Crystal Crystal, Minnesota December 2, 2025 5.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 2 5.1 City of Crystal, Minnesota Long Term Plan Table of Contents Page No. Compilation Disclosure 5 Introductory Section Transmittal Letter 9 Financial Section Budget 14 Schedule of Property Taxes Levied and Tax Rates 16 Schedule of Annual Fund Cash Balances 18 Outstanding Debt Schedule 20 Capital Improvement Plan Police Equipment Revolving Fund 235 22 Street Capital Fund 415 24 Park Improvements 420 27 Water Fund 505 33 Sanitary Sewer Fund 510 36 Storm Drainage Fund 515 38 Street Light Fund 520 41 Fleet Fund 615 42 Information Technology Fund 620 51 Major Building Replacement Fund 625 54 Appendix A Internal Loan Schedules 66 3 5.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 4 5.1 COMPILATION DISCLOSURE Honorable Mayor and City Council City of Crystal 4141 Douglas Drive North Crystal, Minnesota 55422 We have compiled the accompanying forecasted long-term plan that includes property tax, tax rate, fund balance and debt projections based on input from the City Council and City staff. This projection incorporates estimates through December 31, 2035, for all presented funds. This forecast was compiled in accordance with attestation standards established by the American Institute of Certified Public Accountants. A compilation is limited to presenting in the form of forecast information that is the representation of management and does not include evaluation of the support for the assumptions underlying the forecast. We have not examined the forecast and, accordingly, do not express an opinion or any other form of assurance on the accompanying statements or assumptions. Furthermore, there will usually be differences between the forecasted and actual results because events and circumstances frequently do not occur as expected, and those differences may be material. We have no responsibility to update this report for events and circumstances occurring after the date of this report. Sincerely, Abdo Financial Solutions 5 5.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 6 5.1 INTRODUCTORY SECTION CITY OF CRYSTAL, MINNESOTA LONG TERM PLAN 7 5.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 8 5.1 Honorable Mayor and City Council City of Crystal 4141 Douglas Drive North Crystal, Minnesota 55422 Introduction The City’s long-term plan is intended to give a big picture view of the status now and ten years from now. We have measured and projected operations, capital and debt for the city based on assumptions made by management. The City’s assumptions made are as follows: Assumptions The following assumptions have been used to calculate the projections in this report: Interest earnings 1.00% Governmental fund revenue growth 3.00% Governmental fund expenditure growth 6.00% Governmental funds debt interest rate 3.00% EDA levy growth Varies EDA expense growth (assumption for home improvement grant program) 5.00% Internal service fund revenue growth 6.00% Internal service fund expenditure growth 6.00% Enterprise fund revenue growth 3.00% Enterprise fund expense growth 3.00% Water revenue growth 7.00% Sewer revenue growth 7.00% Storm drainage revenue growth 4.50% Street lighting revenue growth 7.00% Street levy growth 15.00% PERF levy growth 2.00% Parks improvement levy growth 13.00% Fleet equipment inflationary cost 5.00% Tax capacity growth 4.00% Fiscal disparities growth 0.00% Population growth 0.30% Median home value growth 5.00% Market value 3.00% Governmental funds debt term Population 15 years 23,092 9 5.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 10 5.1 Assumptions with Future Action • General Fund property tax revenue has been increased based on the results of the long-term plan, Park System Master Plan, increased funding for capital projects, and inflation. • All internal service funds (Fleet, Building and Information Technology) will require allocation increases over the next several years to build reserves. Key Highlights • The Minnesota Office of the State Auditor defines an adequate reserve as 35-50 percent of the General fund expenditures. The long-term plans projects planned transfers to build reserves to meet that target. In order to increase the General Fund reserve level, additional funding is projected in the property tax levy to include transfers into reserves. • The tax levy is projected to increase over the duration of this Plan to meet the service level demands and other capital levy needs. The levy increase will result in an increase in the projected city tax rate. A decrease in the tax levy or applicable tax rate is not anticipated, given the capital needs outlined in our report. • As of the end of 2025, the total outstanding debt amounts to $6.0 million. The current debt is scheduled to be fully paid off by the year 2033. This timeline reflects our commitment to managing and reducing our financial obligations in a structured and timely manner while ensuring fiscal responsibility. • The total cash position of the city is projected to increase from $33.7 million (2024 actual) to $89.8 million over the duration of this plan. • The projected cash results throughout the duration of this plan will vary based on actual results. 11 5.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 12 5.1 FINANCIAL SECTION CITY OF CRYSTAL, MINNESOTA LONG TERM PLAN 13 5.1 100 General 2024 2025 2026 2027 2028 Actual Estimated Estimated Estimated Estimated Property taxes 14,662,642$ 17,281,704$ 19,964,204$ 22,511,491$ 24,881,242$ Property tax delinquents and penalties - 31,000 31,000 31,000 31,000 Transfers in 1,950,093 755,888 811,620 835,968 861,048 Other revenue 5,218,833 5,081,245 5,440,856 5,504,082 5,669,204 Transfers to Reserves - (800,000) (1,000,000) (1,100,000) (1,493,000) Transfers out (1,797) - - - - Other expenditures (20,043,950) (22,349,837) (25,247,680) (27,782,541) (29,949,493) Net revenue/(expenditures)1,785,821$ -$ -$ -$ -$ Cash Balance 7,747,134$ 8,547,134$ 9,547,134$ 10,647,134$ 12,140,134$ Fund Balance 7,915,836 8,715,836 9,715,836 10,815,836 12,308,836 Less: Nonspendable and committed funds (1,426,390) (1,426,390) (1,426,390) (1,426,390) (1,426,390) Unassigned Fund Balance 6,489,446 7,289,446 8,289,446 9,389,446 10,882,446 Fund Balance as a % of Expenditures - OSA 32.38%32.62%32.83%33.80%36.34% Target fund balance OSA 7,015,383 7,822,443 8,836,688 9,723,889 10,482,323 Unassigned fund balance over/(under) OSA (525,937) (532,997) (547,242) (334,443) 400,123 Fund Balance as a % of Budget - POLICY - 40%29.04%28.87%29.84%31.35%34.06% Target fund balance- POLICY - 40%8,939,935 10,099,072 11,113,016 11,979,797 12,778,585 Unassigned fund balance over/(under) policy target (2,450,489) (2,809,626) (2,823,570) (2,590,351) (1,896,139) Budgeted expenses 20,094,441 22,349,837 25,247,680 27,782,541 29,949,493 220 EDA 2024 2025 2026 2027 2028 Actual Estimated Estimated Estimated Estimated Property taxes 331,821$ 355,282$ 517,987$ 544,078$ 560,400$ Special Assessments 32,839 24,728 24,728 11,894 11,894 Intergovernmental 110,047 25,000 25,000 - - Other revenue 126,531 22,000 23,107 23,800 24,514 Operating expenditures (571,535) (424,325) (456,213) (435,798) (456,088) Transfer to reserves (29,703) (2,685) (134,609) (143,974) (140,720) Net revenue/(expenditures)-$ -$ -$ -$ -$ City of Crystal, Minnesota Budget For the Years Ended December 31, 2024 (Actual) and 2025 to 2035 Estimated 14 5.1 2029 2030 2031 2032 2033 2034 2035 Estimated Estimated Estimated Estimated Estimated Estimated Estimated 27,268,304$ 29,114,307$ 31,128,263$ 33,239,893$ 35,485,322$ 35,823,112$ 38,154,282$ 31,000 31,000 31,000 31,000 31,000 31,000 31,000 886,879 913,485 940,890 969,117 998,190 1,028,136 1,058,980 5,839,280 6,014,459 6,194,892 6,380,739 6,572,161 6,769,326 6,972,406 (2,079,000) (2,210,000) (2,400,000) (2,572,000) (2,755,000) (900,000) (900,000) - - - - - - - (31,946,463) (33,863,251) (35,895,046) (38,048,748) (40,331,673) (42,751,574) (45,316,668) -$ -$ -$ -$ -$ -$ -$ 14,219,134$ 16,429,134$ 18,829,134$ 21,401,134$ 24,156,134$ 25,056,134$ 25,956,134$ 14,387,836 16,597,836 18,997,836 21,569,836 24,324,836 25,224,836 26,124,836 (1,426,390) (1,426,390) (1,426,390) (1,426,390) (1,426,390) (1,426,390) (1,426,390) 12,961,446 15,171,446 17,571,446 20,143,446 22,898,446 23,798,446 24,698,446 40.57%44.80%48.95%52.94%56.78%55.67%54.50% 11,181,262 11,852,138 12,563,266 13,317,062 14,116,086 14,963,051 15,860,834 1,780,184 3,319,308 5,008,180 6,826,384 8,782,360 8,835,395 8,837,612 38.28%42.27%46.18%49.94%53.56%49.54%51.42% 13,545,300 14,358,018 15,219,499 16,132,669 17,100,629 19,214,267 19,214,267 (583,854) 813,428 2,351,947 4,010,777 5,797,817 4,584,179 5,484,179 31,946,463 33,863,251 35,895,046 38,048,748 40,331,673 42,751,574 45,316,668 2029 2030 2031 2032 2033 2034 2035 Estimated Estimated Estimated Estimated Estimated Estimated Estimated 577,212$ 594,528$ 612,364$ 630,735$ 649,657$ 669,147$ 689,221$ 11,894 - - - - - - - - - - - - - 25,249 26,006 26,786 27,590 28,418 29,271 30,149 (501,392) (547,762) (571,250) (595,913) (625,808) (656,999) (685,548) (112,963) (72,772) (67,900) (62,412) (52,267) (41,419) (33,822) -$ -$ -$ -$ -$ -$ -$ 15 5.1 2024 2025 2026 2027 2028 Budget Budget Budget Estimated Estimated Amounts Amounts Amounts Amounts Amounts Property Taxes Levied for General Purposes 100 General 14,818,719$ 17,281,704$ 19,964,204$ 22,511,491$ 24,881,242$ Property Taxes Levied for Capital 235 Police Equipment Revolving Fund 92,211 94,055 95,936 97,855 99,812 415 Street Reconstruction 529,047 608,404 699,665 804,615 925,307 420 Park Improvements 882,753 997,511 1,127,187 1,273,721 1,439,305 Subtotal 1,504,011 1,699,970 1,922,788 2,176,191 2,464,424 Total City Levy 16,322,730 18,981,674 21,886,992 24,687,681 27,345,665 220 EDA Levy 335,172 355,282 517,987 544,078 560,400 Total Taxes Levied 16,657,902 19,336,956 22,404,979 25,231,759 27,906,065 Total Percent Levy Increase 10.00%16.08%15.87%12.62%10.60% Tax Capacity Less: Fiscal Disparty Distribution (2,368,451) (2,799,350) (2,799,350) (2,799,350) (2,799,350) Net City Tax Capacity Local Levy 13,954,279$ 16,182,324$ 19,087,642$ 21,888,331$ 24,546,315$ Personal and Real Estate 30,835,307$ 29,704,129$ 30,080,739$ 31,283,969$ 32,535,327$ Estimated New Growth 6.35%-3.67%1.27%4.00%4.00% Less: Contribution to fiscal disparities (1,707,733) (1,767,738) (1,900,586) (1,900,586) (1,900,586) Less: Tax Increment (311,074) (282,587) - - - Adjusted tax capacity for local rate 28,816,500$ 27,653,804$ 28,180,153$ 29,383,383$ 30,634,741$ Market Value (for taxes payable year) Market Value - Referendum (for tax rates)2,824,885,600$ 2,773,192,850$ 2,805,563,700$ 2,889,730,611$ 2,976,422,529$ Percentage growth 5.37%-1.83%1.17%3.00%3.00% Market Value - Estimated (for max EDA/HRA levy)2,852,748,600 2,814,544,600$ 2,855,301,000$ 2,940,960,030$ 3,029,188,831$ Percentage growth 5.34%-1.34%1.45%3.00%3.00% Fiscal disparity distribution tax capacity 5,101,231 5,780,796$ 5,768,484$ 5,768,484$ 5,768,484$ Fiscal disparity distribution tax $49,890 57,230 57,230 57,230 57,230 Maximum EDA/HRA levy 527,758 520,691 528,231 544,078 560,400 Tax Rates Total City Levy Tax Rate 48.42%58.52%67.73%74.49%80.13% Total EDA Tax Rate 0.99%1.08%1.64%1.66%1.64% Population 23,092 23,161 23,231 23,300 23,370 Taxes per Capita 721 835 964 1,083 1,194 Tax Levy (%) General 89%89%89%89%89% EDA 2%2%2%2%2% Capital 9%9%9%9%9% City of Crystal, Minnesota Schedule of Property Taxes Levied and Tax Rates For the Years Ended December 31, 2024 (Actual) and 2025 to 2035 (Estimated) 16 5.1 2029 2030 2031 2032 2033 2034 2035 Estimated Estimated Estimated Estimated Estimated Estimated Estimated Amounts Amounts Amounts Amounts Amounts Amounts Amounts 27,268,304$ 29,114,307$ 31,128,263$ 33,239,893$ 35,485,322$ 35,823,112$ 38,154,282$ 101,808 103,844 105,921 108,040 110,200 112,404 114,652 1,064,103 1,223,718 1,407,276 1,618,368 1,861,123 2,140,291 2,461,335 1,626,415 1,837,849 2,076,769 2,346,749 2,651,826 2,996,564 3,386,117 2,792,326 3,165,411 3,589,966 4,073,156 4,623,149 5,249,259 5,962,104 30,060,629 32,279,718 34,718,230 37,313,049 40,108,471 41,072,371 44,116,387 577,212 594,528 612,364 630,735 649,657 669,147 689,221 30,637,841 32,874,246 35,330,594 37,943,784 40,758,128 41,741,518 44,805,608 9.79%7.30%7.47%7.40%7.42%2.41%7.34% (2,799,350) (2,799,350) (2,799,350) (2,799,350) (2,799,350) (2,799,350) (2,799,350) 27,261,279$ 29,480,368$ 31,918,880$ 34,513,699$ 37,309,121$ 38,273,021$ 41,317,037$ 33,836,740$ 35,190,210$ 36,597,818$ 38,061,731$ 39,584,200$ 41,167,568$ 42,814,271$ 4.00%4.00%4.00%4.00%4.00%4.00%4.00% (1,900,586) (1,900,586) (1,900,586) (1,900,586) (1,900,586) (1,900,586) (1,900,586) - - - - - - - 31,936,154$ 33,289,624$ 34,697,232$ 36,161,145$ 37,683,614$ 39,266,982$ 40,913,685$ 3,065,715,205$ 3,157,686,661$ 3,252,417,261$ 3,349,989,779$ 3,450,489,472$ 3,554,004,157$ 3,660,624,281$ 3.00%3.00%3.00%3.00%3.00%3.00%3.00% 3,120,064,496$ 3,213,666,431$ 3,310,076,424$ 3,409,378,716$ 3,511,660,078$ 3,617,009,880$ 3,725,520,177$ 3.00%3.00%3.00%3.00%3.00%3.00%3.00% 5,768,484$ 5,768,484$ 5,768,484$ 5,768,484$ 5,768,484$ 5,768,484$ 5,768,484$ 57,230 57,230 57,230 57,230 57,230 57,230 57,230 577,212 594,528 612,364 630,735 649,657 669,147 689,221 85.36%88.56%91.99%95.44%99.01%97.47%100.99% 1.63%1.61%1.60%1.59%1.57%1.56%1.54% 23,440 23,511 23,581 23,652 23,723 23,794 23,866 1,307 1,398 1,498 1,604 1,718 1,754 1,877 89%89%88%88%87%86%85% 2%2%2%2%2%2%2% 9%10%10%11%11%13%13% 17 5.1 2024 2025 2026 2027 2028 Actual Estimated Estimated Estimated Estimated Amounts Amounts Amounts Amounts Amounts GOVERNMENT-TYPE General Operations 100 General 7,747,134$ 8,547,134$ 9,547,134$ 10,647,134$ 12,140,134$ Special Revenue 220 EDA 2,388,526 2,391,211 2,525,820 2,669,794 2,810,514 206-210 TIF Districts Special Revenue 1,155,729 1,167,286 1,178,959 675,817 353,363 240-245 Special Projects 395,547 395,547 395,547 395,547 395,547 246 Public Safety Aid 396,420 333,420 270,420 30,000 - Subtotal 4,336,222 4,287,464 4,370,746 3,771,158 3,559,424 Debt Service 330-337 Debt Service 3,412,243 3,061,275 2,502,455 1,903,400 1,436,366 Subtotal 3,412,243 3,061,275 2,502,455 1,903,400 1,436,366 Capital Projects 235 Police Equipment Revolving Fund 1,692,118 1,834,864 1,710,666 1,597,326 1,230,541 404 Cable TV Equipment 365,378 369,032 372,722 376,449 380,214 415 Street Reconstruction 5,732,460 4,107,270 4,312,173 4,890,048 5,392,733 420 Park Improvements 1,228,307 1,624,069 1,333,370 1,188,639 1,462,937 Subtotal 9,018,263 7,935,235 7,728,932 8,052,462 8,466,426 Total - Governmental-type Funds 24,513,862 23,831,109 24,149,266 24,374,154 25,602,350 605 Internal Service Fund Self Insurance 177,043 178,813 180,602 182,408 184,232 615 Internal Service Fund Fleet 1,925,408 1,073,755 700,861 473,221 556,540 620 Internal Service Fund IT (534,316) 1,148,755 378,961 26,643 45,014 625 Internal Service Fund Building 189,528 2,920,614 2,929,678 2,821,693 3,536,829 Total - Internal Service Funds 1,757,663 5,321,937 4,190,102 3,503,964 4,322,614 BUSINESS-TYPE Enterprise Funds 505 Enterprise Fund Water 3,403,124 1,271,332 1,337,828 2,946,455 3,643,911 510 Enterprise Fund Sewer 443,201 404,330 186,002 229,731 350,094 515 Enterprise Fund Storm 2,364,621 542,193 1,123,858 1,377,459 2,239,841 520 Enterprise Fund Street Light 1,032,059 1,060,718 1,094,709 1,140,100 1,198,698 525 Enterprise Fund Recycling 115,580 116,736 117,903 119,082 120,273 Total - Business-type Funds 7,358,585 3,395,309 3,860,300 5,812,828 7,552,817 AGENCY FUND *250 Hennepin Recycling Group 25,972 26,232 26,494 26,759 27,027 Total - Agency Funds 25,972 26,232 26,494 26,759 27,027 Grand Total - City 33,656,082$ 32,574,587$ 32,226,162$ 33,717,705$ 37,504,807$ *Cash balance is anticipated to grow based on market rates. INTERNAL SERVICE City of Crystal, Minnesota Schedule of Annual Fund Cash Balances For the Years Ended December 31, 2024 (Actual) and 2025 to 2035 (Estimated) 18 5.1 2029 2030 2031 2032 2033 2034 2035 Estimated Estimated Estimated Estimated Estimated Estimated Estimated Amounts Amounts Amounts Amounts Amounts Amounts Amounts Trend 14,219,134$ 16,429,134$ 18,829,134$ 21,401,134$ 24,156,134$ 25,056,134$ 25,956,134$ 2,923,477 2,996,249 3,064,149 3,126,561 3,178,828 3,220,247 3,254,069 - - - - - - - 395,547 395,547 395,547 395,547 395,547 395,547 395,547 - - - - - - - 3,319,024 3,391,796 3,459,696 3,522,108 3,574,375 3,615,794 3,649,616 1,005,888 695,839 353,149 (82,285) (365,435) (365,435) (365,435) 1,005,888 695,839 353,149 (82,285) (365,435) (365,435) (365,435) 907,428 851,109 1,116,134 1,424,554 1,496,758 1,570,331 1,675,233 384,016 387,856 391,735 395,652 399,609 403,605 407,641 5,987,483 6,047,930 3,890,562 5,604,117 6,175,341 6,779,092 9,025,125 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 6,758,698 9,815,901 10,874,960 9,361,891 7,576,777 10,314,978 12,837,609 17,866,697 28,359,947 31,391,729 32,003,870 32,417,734 37,680,053 41,144,103 47,107,012 186,074 187,935 189,814 191,712 193,629 195,566 197,521 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 5,253,745 63,381 85,616 15,617 64,077 281,236 722,404 1,172,159 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 13,360,380 5,668,898 5,551,011 6,505,646 6,560,648 10,867,487 15,389,337 19,983,805 4,691,054 5,935,537 4,605,477 6,509,529 8,991,989 11,923,345 15,650,724 168,320 305,721 581,874 868,948 1,439,407 2,120,112 3,288,001 1,300,368 955,747 473,456 9,178 844,541 1,716,093 2,650,783 1,271,777 360,715 434,995 527,898 641,145 776,588 986,226 121,476 122,690 123,917 125,157 126,408 127,672 128,949 7,552,995 7,680,410 6,219,719 8,040,710 12,043,490 16,663,811 22,704,683 27,297 27,570 27,845 28,124 28,405 28,689 28,976 27,297 27,570 27,845 28,124 28,405 28,689 28,976 41,609,137$ 44,650,720$ 44,757,081$ 47,047,216$ 60,619,435$ 73,225,939$ 89,824,477$ Trend Indicator Adequate for reserve levels Adequate as of prior year but balances decrease, watch Below targeted reserve levels and should have a plan to address The fund has events in the future that need addressing now 19 5.1 2024 2025 2026 2027 2028 Original Issue Maturity Interest Actual Estimated Estimated Estimated Estimated Fund Issue Issue Date Date Rate Balance Balance Balance Balance Balance GOVERNMENT-TYPE General Obligation Bonds 330 2009A Special Assessment 3,360,000$ 7/21/2009 2/1/2023 2.00 - 4.50 %-$ -$ -$ -$ -$ 332 2011A Special Assessment 1,705,000 7/19/2011 2/1/2027 0.50 - 3.55 270,000 175,000 85,000 - - 333 2012A Special Assessment 2,635,000 7/16/2013 2/1/2028 0.50 - 3.55 590,000 435,000 285,000 140,000 - 334 2013A Special Assessment 3,235,000 6/17/2015 2/1/2029 0.50 - 3.55 975,000 770,000 570,000 375,000 185,000 335 2015A Special Assessment 2,550,000 7/16/2015 2/1/2031 2.50 - 3.00 1,065,000 900,000 740,000 585,000 435,000 336 2016A Special Assessment 3,330,000 8/25/2016 2/1/2032 2.00 - 2.50 1,620,000 1,400,000 1,185,000 975,000 770,000 337 2017A Special Assessment 4,665,000 9/14/2017 2/1/2033 2.00 - 3.00 2,655,000 2,345,000 2,040,000 1,740,000 1,440,000 Total G.O. Bonds 21,480,000 7,175,000 6,025,000 4,905,000 3,815,000 2,830,000 Population 23,092 23,161 23,231 23,300 23,370 Debt Per Capita - total 311$ 260$ 211$ 164$ 121$ City of Crystal, Minnesota Oustanding Debt For the Years Ended December 31, 2024 (Actual) and 2025 to 2035 Estimated 20 5.1 2029 2030 2031 2032 2033 2034 2035 Estimated Estimated Estimated Estimated Estimated Estimated Estimated Balance Balance Balance Balance Balance Balance Balance -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - 285,000 140,000 - - - - - 570,000 375,000 185,000 - - - - 1,145,000 855,000 565,000 280,000 - - - 2,000,000 1,370,000 750,000 280,000 - - - 23,440 23,511 23,581 23,652 23,723 23,794 23,866 85$ 58$ 32$ 12$ -$ -$ -$ 21 5.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,834,864 1,710,666 1,597,326 1,230,541 907,428 851,109 1,116,134 1,424,554 1,496,758 1,570,331 Capital Requirements P.0160 - Handgun replacement ---(55,000)------ P.0161 - Rifle replacement/replace sniper rifle ---(30,000)------ P.0162 - Police bicycles (3) ---(6,000)------ P.0163 - Body cameras (24,000)(24,000)(30,000)(30,000)(30,000)(30,000)(30,000)(30,000)(30,000)- P.0164 - Bulletproof vests - mass replacement ($1,800 each) (10,800)(1,800)-------- P.0165 - Leased Vehicles (271,200)(271,200)(271,200)(271,120)(271,120)----- P.0166 - Mobile data tablets ($5,000 each) (20,000)(5,000)(15,000)(20,000)------ P.0167 - Tactical vests ($5,300 each) (10,600)(10,600)(10,600)(8,200)------ P.0170 - Mobile radar/lidar replacement ($4,000- 5,000 each) -(10,000)(15,000)------- P.0171 - SWAT gas launcher -(6,000)-------- Budget Year Continuity Schedule Name Fund Description 2026 Police Equipment Revolving Fund 235 - Police Equipment Revolving Schedule of Planned Capital Outlay 22 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,834,864 1,710,666 1,597,326 1,230,541 907,428 851,109 1,116,134 1,424,554 1,496,758 1,570,331 P.0172 - Mobile radios ($5,000 each) --(75,000)------- P.0173 - Portable radios ($3,000) --(150,000)------- Total Capital Requirements (336,600)(328,600)(566,800)(420,320)(301,120)(30,000)(30,000)(30,000)(30,000)- Operating Requirements 3500 - Police Eq Revolving - Misc Capital Items 90,036 91,601 93,183 94,781 96,396 98,026 99,670 101,329 103,001 104,685 3547 - Police Eq Revolving - Bulletproof Vests (1,200)(1,452)(1,725)(2,019)(2,337)(2,680)(3,049)(3,447)(3,875)(4,336) 3548 - Police Eq Revolving - Tactical Vests (6,600)(6,996)(7,416)(7,861)(8,332)(8,832)(9,362)(9,924)(10,519)(11,151) Total Operating Requirements 82,236 83,153 84,042 84,901 85,727 86,514 87,259 87,958 88,606 89,198 Additional Requirements Revenues - Interest on Investments 15,166 17,107 15,973 12,305 9,075 8,511 11,161 14,246 14,967 15,703 Other Financing - Advances 115,000 115,000 100,000 -150,000 200,000 240,000 --- Total Additional Requirements 130,166 132,107 115,973 12,305 159,075 208,511 251,161 14,246 14,967 15,703 Closing Cash 1,710,666 1,597,326 1,230,541 907,428 851,109 1,116,134 1,424,554 1,496,758 1,570,331 1,675,233 Schedule of Planned Capital Outlay Police Revolving Fund 23 5.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 4,107,270 4,312,173 4,890,048 5,392,733 5,987,483 6,047,930 3,890,562 5,604,117 6,175,341 6,779,092 Capital Requirements P.0001M - 2026 utility reconstruction (300,000)--------- P.0003M-A - 2027 utility reconstruction -(400,000)-------- P.0004M-A - 2028 utility reconstruction --(400,000)------- P.0005M-A - 2029 utility reconstruction ---(400,000)------ P.0008M-A - 2030 utility reconstruction ----(500,000)----- P.0012M-A - 2031 utility reconstruction -----(500,000)---- P.0014M-A - 2032 utility reconstruction ------(500,000)--- P.0015M-A - 2033 utility reconstruction -------(600,000)-- P.0016M-A - 2034 utility reconstruction --------(600,000)- S.0092 - Sidewalk shaving (trip hazard removal) (20,000)(20,000)(20,000)(20,000)(20,000)(20,000)(20,000)(20,000)(20,000)- S.0093 - Misc concrete work (61,903)(61,903)(61,903)(61,903)(61,903)(61,903)(61,903)(61,903)(61,903)- S.0012 - ADA ped ramp replacements (45,020)(45,020)(45,020)(45,020)(45,020)(45,020)(45,020)(45,020)(45,020)- Budget Year Continuity Schedule Name Fund Description 2026 Street Reconstruction Fund 415 - Street Reconstruction Schedule of Planned Capital Outlay 24 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 4,107,270 4,312,173 4,890,048 5,392,733 5,987,483 6,047,930 3,890,562 5,604,117 6,175,341 6,779,092 P.0149 - 2026 mill and overlay (942,775)--------- P.0150 - Retaining wall replacement 4009 Douglas Dr N (200,000)--------- P.0151 - 42nd Street reconstruction ----(500,000)(3,000,000)---- P.0152 - 2027 mill and overlay -(942,775)-------- P.0153 - 2028 mill and overlay --(942,775)------- P.0154 - 2029 mill and overlay ---(942,775)------ P.0155 - 2030 mill and overlay ----(1,290,775)----- P.0156 - 2031 mill and overlay -----(1,290,775)---- P.0157 - 2032 mill and overlay ------(1,290,775)--- P.0158 - 2033 mill and overlay -------(1,290,775)-- P.0159 - 2034 mill and overlay --------(1,290,775)- AUTO - 368 - 2035 Utility Reconstruction ---------(700,000) Total Capital Requirements (1,569,698)(1,469,698)(1,469,698)(1,469,698)(2,417,698)(4,917,698)(1,917,698)(2,017,698)(2,017,698)(700,000) Operating Requirements 0415 - Street Reconstruction 1,244,067 1,354,451 1,373,483 1,510,520 1,668,270 1,849,851 2,042,347 2,282,881 2,559,695 2,878,243 Total Operating Requirements 1,244,067 1,354,451 1,373,483 1,510,520 1,668,270 1,849,851 2,042,347 2,282,881 2,559,695 2,878,243 Schedule of Planned Capital Outlay Street Reconstruction Fund 25 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 4,107,270 4,312,173 4,890,048 5,392,733 5,987,483 6,047,930 3,890,562 5,604,117 6,175,341 6,779,092 Additional Requirements Other - Building Fund Advance 500,000 500,000 400,000 300,000 500,000 600,000 1,300,000 --- Other - IT Fund Advance -150,000 150,000 200,000 250,000 250,000 250,000 250,000 -- Revenues - Interest on Investments 30,534 43,122 48,900 53,928 59,875 60,478 38,906 56,041 61,754 67,790 Total Additional Requirements 530,534 693,122 598,900 553,928 809,875 910,478 1,588,906 306,041 61,754 67,790 Closing Cash 4,312,173 4,890,048 5,392,733 5,987,483 6,047,930 3,890,562 5,604,117 6,175,341 6,779,092 9,025,125 Schedule of Planned Capital Outlay Street Reconstruction Fund 26 5.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,624,069 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 Capital Requirements S.0016 - All pavement (sidewalks @ trails) (75,000)(125,000)(125,000)(100,000)(75,000)(75,000)(75,000)(75,000)(75,000)- S.0062 - New park name signage (15,000)--------- S.3892 - North Lions Park Soccer Field Improvements (425,000)--------- P.0106 - Redevelopment - Forest School Park (425,000)--------- P.0107 - Play area - Woodland Park ---------- P.0108 - Picnic shelter - Woodland Park ---------- P.0109 - Basketball Court - Woodland Park ---------- P.0110 - Play area - Cavanaugh (2001) ---------- P.0111 - Picnic Shelter - Cavanaugh ---------- P.0112 - Basketball court - Cavanaugh ---------- Budget Year Continuity Schedule Name Fund Description 2026 Park Improvement Fund 420 - Park Improvements Schedule of Planned Capital Outlay 27 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,624,069 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 P.0113 - Bassett Creek Improvement Projects -----(500,000)(5,000,000)--- P.0114 - Parking lot - Bassett Creek Shelter/Disc Golf ---------- P.0115 - Play area - Sunnyview (2000) ---------- P.0116 - Large play area - North Lions (2006) --(400,000)------- P.0117 - Redevelopment – Iron Horse Park -(325,000)-------- P.0118 - Medium Picnic Shelter - North Lions --(150,000)------- P.0119 - Fiber & technology at Bassett Creek Park building ---------- P.0120 - Community park building - Bassett Creek ---------- P.0121 - Soccer field - Bassett Creek ---------- P.0122 - Volleyball - Bassett Creek ---------- P.0123 - Small shelter - Bassett Creek (woods) ---------- P.0124 - Basketball - Bassett Creek Park ---------- P.0125 - Parking lot at Bassett Creek building ---------- Schedule of Planned Capital Outlay Park Improvement Fund 28 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,624,069 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 P.0126 - Medium shelter - Valley Place (moved to 2030) ------(200,000)--- P.0127 - Replace play area PIP surfacing - Becker ---(400,000)------ P.0128 - Replace play area structure sun sails - Becker ---(15,000)------ P.0129 - Replace patio sun sails - Becker ---(25,000)------ P.0130 - Replace play area PIP surfacing - FAIR School ----(210,000)----- P.0131 - Play area - Bass Lake (2004) --(225,000)------- P.0132 - Picnic shelter - Forest School Park ---------- P.0133 - Replace play area PIP surfacing - Valley Place & Yunkers ------(60,000)--- P.0134 - Large Picnic Shelter - Welcome --------(750,000)- P.0135 - Medium shelter - Welcome ---------- P.0137 - Play area - Grogan Park (2008) ----(300,000)----- P.0138 - Play area - Crystal Highlands (2007) ----(225,000)----- P.0139 - Replace play area PIP surfacing - FAIR School ---------- Schedule of Planned Capital Outlay Park Improvement Fund 29 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,624,069 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 P.0140 - Parking lot at Welcome Park building --------(350,000)- P.0141 - Field #2 infield - Welcome Park -------(35,000)-- P.0142 - Soccer field - Welcome Park -------(450,000)-- P.0143 - Play area - Skyway Park (2008) -----(225,000)---- P.0144 - Play area - Kentucky Park (2010) ------(225,000)--- P.0145 - Picnic shelter - Skyway Park -----(100,000)---- P.0146 - Hockey rinks - Valley Place Park ------(500,000)--- P.0147 - Fiber & technology at North Lions building ---------- P.0148 - Park building - North Lions ---------- AUTO - 362 - Redevelopment - Woodland Park (425,000)--------- AUTO - 363 - Redevelopment - Cavanagh Park (30,000)(500,000)-------- AUTO - 364 - Softball Field - Valley Place Park (30,000)(300,000)-------- AUTO - 365 - Boardwalk - Hagemeister Pond -(30,000)(250,000)------- Schedule of Planned Capital Outlay Park Improvement Fund 30 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,624,069 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 AUTO - 366 - Court Resurfacing - Becker Park --(25,000)------- AUTO - 367 - Medium Picnic Shelter - Valley Place Park -(150,000)-------- AUTO - 407 - Court Resurfacing - Valley Place Park ---(25,000)------ AUTO - 408 - Play Area - Bassett Creek Park ---------- AUTO - 409 - Basketball - North Lions Park -----(50,000)---- AUTO - 411 - Large Picnic Shelter - Becker Park ---------(750,000) AUTO - 412 - Large Picnic Shelter - North Lions Park -----(750,000)---- AUTO - 414 - Basketball - Skyway -----(35,000)---- AUTO - 415 - Basketball - Kentucky Park ------(35,000)--- AUTO - 416 - Picnic Shelter - Kentucky Park ------(100,000)--- AUTO - 417 - Picnic Shelter - Sunnyview ---------- Total Capital Requirements (1,425,000)(1,430,000)(1,175,000)(565,000)(810,000)(1,735,000)(6,195,000)(560,000)(1,175,000)(750,000) Schedule of Planned Capital Outlay Park Improvement Fund 31 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,624,069 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 Operating Requirements 0420 - Park Improvements 1,125,502 1,271,935 1,437,412 1,624,408 1,835,721 2,074,514 2,344,359 2,649,293 2,993,878 3,383,270 Total Operating Requirements 1,125,502 1,271,935 1,437,412 1,624,408 1,835,721 2,074,514 2,344,359 2,649,293 2,993,878 3,383,270 Additional Requirements Revenues - Interest on Investments 8,799 13,334 11,886 14,629 25,370 35,881 39,635 1,524 22,433 40,846 Total Additional Requirements 8,799 13,334 11,886 14,629 25,370 35,881 39,635 1,524 22,433 40,846 Closing Cash 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 6,758,698 Schedule of Planned Capital Outlay Park Improvement Fund 32 5.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,271,332 1,337,828 2,946,455 3,643,911 4,691,054 5,935,537 4,605,477 6,509,529 8,991,989 11,923,345 Capital Requirements S.0055 - 6235 -Gate valve and hydrant replacement (75,000)(30,000)(75,000)(30,000)(75,000)----- S.0320 - SENSUS Radios (350,000)(350,000)(350,000)(350,000)------ P.0017 - 42nd Ave water main replacement ----(200,000)(3,000,000)---- P.0018 - 2030 commercial meter replacement ----(200,000)----- P.0019 - 2031 commercial meter replacement -----(200,000)---- P.0020 - 2032 commercial meter replacement ------(200,000)--- P.0021 - 2033 commercial meter replacement -------(200,000)-- P.0022 - 2034 commercial meter replacement --------(200,000)- P.0023 - 2031 gate valve and hydrant replacement -----(75,000)---- Budget Year Continuity Schedule Name Fund Description 2026 Water Fund 505 - Water Utility Schedule of Planned Capital Outlay 33 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,271,332 1,337,828 2,946,455 3,643,911 4,691,054 5,935,537 4,605,477 6,509,529 8,991,989 11,923,345 P.0024 - 2032 gate valve and hydrant replacement ------(75,000)--- P.0001M - 2026 utility reconstruction (1,500,000)--------- P.0003M-A - 2027 utility reconstruction -(1,600,000)-------- P.0004M-A - 2028 utility reconstruction --(1,750,000)------- P.0005M-A - 2029 utility reconstruction ---(1,850,000)------ P.0008M-A - 2030 utility reconstruction ----(2,000,000)----- P.0012M-A - 2031 utility reconstruction -----(2,000,000)---- P.0014M-A - 2032 utility reconstruction ------(2,200,000)--- P.0015M-A - 2033 utility reconstruction -------(2,200,000)-- P.0016M-A - 2034 utility reconstruction --------(2,300,000)- AUTO - 368 - 2035 Utility Reconstruction ---------(2,300,000) Total Capital Requirements (1,925,000)(1,980,000)(2,175,000)(2,230,000)(2,475,000)(5,275,000)(2,475,000)(2,400,000)(2,500,000)(2,300,000) Operating Requirements 0090 - Water 1,884,765 3,175,249 2,492,950 2,840,556 3,222,265 3,635,104 4,082,324 4,566,484 5,090,326 5,656,788 Total Operating Requirements 1,884,765 3,175,249 2,492,950 2,840,556 3,222,265 3,635,104 4,082,324 4,566,484 5,090,326 5,656,788 Schedule of Planned Capital Outlay Water Fund 34 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,271,332 1,337,828 2,946,455 3,643,911 4,691,054 5,935,537 4,605,477 6,509,529 8,991,989 11,923,345 Additional Requirements Other - Building Fund Advance - ISF -150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 Other - Building Fund Advance - PS Bldg 100,000 250,000 150,000 200,000 200,000 ----- Other - IT Fund Advance --50,000 50,000 100,000 100,000 100,000 100,000 100,000 100,000 Revenues - Interest on Investments 6,731 13,378 29,506 36,587 47,218 59,836 46,728 65,976 91,030 120,591 Total Additional Requirements 106,731 413,378 379,506 436,587 497,218 309,836 296,728 315,976 341,030 370,591 Closing Cash 1,337,828 2,946,455 3,643,911 4,691,054 5,935,537 4,605,477 6,509,529 8,991,989 11,923,345 15,650,724 Schedule of Planned Capital Outlay Water Fund 35 5.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 404,330 186,002 229,731 350,094 168,320 305,721 581,874 868,948 1,439,407 2,120,112 Capital Requirements S.0202 - Sanitary sewer lining ---(100,000)-(100,000)(150,000)(150,000)(150,000)- S.3893 - South lift station roof replacement -(100,000)-------- S.3898 - East lift generator replacement (200,000)--------- P.0104 - 42nd Ave sanitary sewer replacement ---(400,000)------ P.0001M - 2026 utility reconstruction (600,000)--------- P.0003M-A - 2027 utility reconstruction -(600,000)-------- P.0004M-A - 2028 utility reconstruction --(800,000)------- P.0005M-A - 2029 utility reconstruction ---(800,000)------ P.0008M-A - 2030 utility reconstruction ----(1,200,000)----- P.0012M-A - 2031 utility reconstruction -----(1,200,000)---- P.0014M-A - 2032 utility reconstruction ------(1,400,000)--- Budget Year Continuity Schedule Name Fund Description 2026 Sewer Fund 510 - Sewer Utility Schedule of Planned Capital Outlay 36 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 404,330 186,002 229,731 350,094 168,320 305,721 581,874 868,948 1,439,407 2,120,112 P.0015M-A - 2033 utility reconstruction -------(1,400,000)-- P.0016M-A - 2034 utility reconstruction --------(1,600,000)- AUTO - 368 - 2035 Utility Reconstruction ---------(1,600,000) Total Capital Requirements (800,000)(700,000)(800,000)(1,300,000)(1,200,000)(1,300,000)(1,550,000)(1,550,000)(1,750,000)(1,600,000) Operating Requirements 0092 - Sewer 581,672 742,369 920,025 1,116,575 1,335,411 1,572,614 1,830,584 2,110,887 2,415,202 2,745,329 Total Operating Requirements 581,672 742,369 920,025 1,116,575 1,335,411 1,572,614 1,830,584 2,110,887 2,415,202 2,745,329 Additional Requirements Revenues - Interest on Investments -1,360 338 1,650 1,990 3,538 6,491 9,571 15,503 22,560 Total Additional Requirements -1,360 338 1,650 1,990 3,538 6,491 9,571 15,503 22,560 Closing Cash 186,002 229,731 350,094 168,320 305,721 581,874 868,948 1,439,407 2,120,112 3,288,001 Schedule of Planned Capital Outlay Sewer Fund 37 5.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 542,193 1,123,858 1,377,459 2,239,841 1,300,368 955,747 473,456 9,178 844,541 1,716,093 Capital Requirements S.0145 - Rate control, water quality, structure rehab projects (150,000)-(150,000)-(150,000)-(150,000)--- P.0002 - Pond dredging - Killmer Pond -(750,000)-------- P.0007 - Storm pipe rehabilitation ----(420,000)----- P.0009 - Pond dredging - location to be determined ----(1,000,000)----- P.0010 - Bassett Creek Park streambank stabilization and 29th culvert replacement (3) -----(750,000)---- P.0011 - Bassett Creek Park pond dredging -----(2,750,000)---- P.0013 - Saving for flood control structure replacement ------(1,600,000)--- P.0006 - Bass Lake Road storm water pipe ---(2,000,000)------ Budget Year Continuity Schedule Name Fund Description 2026 Storm Drainage Fund 515 - Storm Drainage Utility Schedule of Planned Capital Outlay 38 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 542,193 1,123,858 1,377,459 2,239,841 1,300,368 955,747 473,456 9,178 844,541 1,716,093 P.0001M - 2026 utility reconstruction (50,000)--------- P.0003M-A - 2027 utility reconstruction -(70,000)-------- P.0004M-A - 2028 utility reconstruction --(100,000)------- P.0005M-A - 2029 utility reconstruction ---(100,000)------ P.0008M-A - 2030 utility reconstruction ----(120,000)----- P.0012M-A - 2031 utility reconstruction -----(120,000)---- P.0014M-A - 2032 utility reconstruction ------(140,000)--- P.0015M-A - 2033 utility reconstruction -------(140,000)-- P.0016M-A - 2034 utility reconstruction --------(160,000)- AUTO - 368 - 2035 Utility Reconstruction ---------(160,000) Total Capital Requirements (200,000)(820,000)(250,000)(2,100,000)(1,690,000)(3,620,000)(1,890,000)(140,000)(160,000)(160,000) Operating Requirements 0094 - Storm Drainage 678,258 712,362 748,581 788,029 832,170 2,377,831 925,540 975,362 1,027,368 1,081,624 Total Operating Requirements 678,258 712,362 748,581 788,029 832,170 2,377,831 925,540 975,362 1,027,368 1,081,624 Additional Requirements Other - Building Fund Advance 100,000 350,000 350,000 350,000 500,000 750,000 500,000 --- Schedule of Planned Capital Outlay Storm Drainage Fund 39 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 542,193 1,123,858 1,377,459 2,239,841 1,300,368 955,747 473,456 9,178 844,541 1,716,093 Revenues - Interest on Investments 3,407 11,239 13,802 22,497 13,209 9,878 182 1 4,184 13,067 Total Additional Requirements 103,407 361,239 363,802 372,497 513,209 759,878 500,182 1 4,184 13,067 Closing Cash 1,123,858 1,377,459 2,239,841 1,300,368 955,747 473,456 9,178 844,541 1,716,093 2,650,783 Schedule of Planned Capital Outlay Storm Drainage Fund 40 5.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,060,718 1,094,709 1,140,100 1,198,698 1,271,777 360,715 434,995 527,898 641,145 776,588 Capital Requirements S.0148 - HPS to LED conversion (27,000)(28,000)(28,000)(28,000)(28,000)(50,000)(50,000)(50,000)(50,000)- 096-0001 - Undergrounding W. Broadway and Douglas ----(1,000,000)----- Total Capital Requirements (27,000)(28,000)(28,000)(28,000)(1,028,000)(50,000)(50,000)(50,000)(50,000)- Operating Requirements 0096 - Street Lights 50,755 62,444 75,196 89,092 104,220 120,673 138,553 157,968 179,032 201,872 Total Operating Requirements 50,755 62,444 75,196 89,092 104,220 120,673 138,553 157,968 179,032 201,872 Additional Requirements Revenues - Interest on Investments 10,236 10,947 11,402 11,986 12,718 3,607 4,350 5,280 6,410 7,766 Total Additional Requirements 10,236 10,947 11,402 11,986 12,718 3,607 4,350 5,280 6,410 7,766 Closing Cash 1,094,709 1,140,100 1,198,698 1,271,777 360,715 434,995 527,898 641,145 776,588 986,226 Budget Year Continuity Schedule Name Fund Description 2026 Street Lights Fund 520 - Street Lights Utility Schedule of Planned Capital Outlay 41 5.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 Capital Requirements F.0314 - 2012 International SA -(313,500)-------- F.0364 - SPH-1.3 pre- mix heater hot box/patching ----(70,800)----- F.0335 - Bobcat T650 T4 compact truck loader --(109,000)------- F.0340 - Tenco TCS- 172A-LMM Snow Blower ---(249,700)------ F.0337 - Mauldin asphalt paver ---(340,500)------ F.0042 - Engineering #42 (50,000)--------- F.0453 - Power Prime 6" trash pump (79,000)--------- F.0115 - GMC 1 ton Sierra 3500 (gray) (62,000)--------- F.0433-1 - John Deere 190D excavator (420,000)--------- F.0123 - Toro Grounds Master --(92,650)------- Budget Year Continuity Schedule Name Fund Description 2026 Fleet Fund 615 - Fleet Schedule of Planned Capital Outlay 42 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0433-3 - Empire excavator grapple for #433 (16,000)--------- F.0433-4 - Allied hydraulic hammer for #433 (58,000)--------- F.0117 - Case 321FHS wheel loader (135,000)--------- F.0127 - Toro Grounds Master 5910 (cab, leaf kit, road lights) (150,000)--------- F.0111 - Chevy Silverado K2500 pick up (blue) utility box -(104,500)-------- F.0342 - TowMaster T-10DT trailer -(13,585)-------- F.0450-1 - Caterpillar 930K wheel loader (no title) and 12' plow --(348,800)------- F.0120 - JD Gator 5710M w/ ballfield drag & sun cab -(22,990)-------- F.0124 - 2018 Toro GM4000-D mower -(94,050)-------- F.0426 - freightliner w/ vactor jet rodder unit -(877,800)-------- F.0449 - Chevy Silverado K2500 (white) --(92,650)------- F.0450-2 - 2 - 12' plow $ ACS adapter for #450 -(20,900)-------- Schedule of Planned Capital Outlay Fleet Fund 43 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0462 - Elign Pelican NP sweeper (320,000)--------- F.0316 - Chevy 1 ton Silverado 3500 4x4 (white) --(103,550)------- F.0306 - GMC Sierra 1500 ext cab 1/2 ton (blue) ---(56,750)------ F.0428 - Chevy 1 ton Silverado 3500 4x4 (white) ---------- F.0332 - Wacker WP1550AW plate tamper ---(7,945)------ F.0334 - Bobcat skid loader model A770 IT4 --(119,900)------- F.0104 - Dodge Ram ---------- F.0312 - International 7400 4x2 truck w/ dump box, plow, & sander ---------- F.0351 - Rayco brush chipper ---(62,425)------ F.0027 - 2019 Ford Fusion --------(47,600)- F.0057 - 2019 Ford Fusion ---------- F.0427 - GMC 1 ton Sierra 3500 4x4 double cab (white) ---(113,500)------ F.0432 - Chevy Silverado ------(127,000)--- Schedule of Planned Capital Outlay Fleet Fund 44 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0145 - Toro Workman MDX w/ ballfield groomer ---------(25,290) F.0390 - Veritec salt brine system/generator ----(106,200)----- F.0101 - GMC Sierra 3500 4wd (white) w/ v-plow ----(118,000)----- F.0113 - Chevy Silverado 3500 4x4 w/ crystell dump body & hoist ----(94,400)----- F.0153 - Land Prdie 72" Over Seeder ----(29,500)----- F.0305 - Dodge Ram 5500 4x4 bucket truck w/ dura-lift (white) ----(318,600)----- F.0339 - Hook tack tank sprayer ---------- F.0347 - TowMaster 10,000 LB trailer (skidsteer, 3 TN roller) ----(17,700)----- F.0350 - tennant MS20GLP floor sweeper ----(64,900)----- F.0130 - ExMark z turn/vac -----(26,950)---- F.0336 - Cimline crack/joint sealer Magma 150 -----(91,875)---- F.0447 - freightliner 114SD w/ plow, wing, sander, controls --(337,900)------- Schedule of Planned Capital Outlay Fleet Fund 45 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0103 - GMC Sierra 2500 4WD (white) -----(67,375)---- F.0152 - Felling FT- 10IT-E00260 trailer -----(30,625)---- F.0159 - Felling FT- 10IT-E trailer -----(30,625)---- F.0301 - Chevy Silverado 2500 (white) -----(91,875)---- F.0311 - Mack SA dump truck w/plow wing -----(367,500)---- F.0346 - TowMaster T-20T trailer -----(15,925)---- F.0365 - Cimline asphalt crak router PCR30 (20,000)--------- F.0105 - Ram 5500 4x4 garbage box (white) ------(190,500)--- F.0131 - Aluma utility trailer ------(10,160)--- F.0144 - Toro Z Master ------(38,100)--- F.0317 - Doge Ram 5500 4x4 (white) ------(101,600)--- F.0464 - Elgin Regen X sweeper on Freightliner chassis ---------- F.0004 - 72" rotary mower 34GPM ------(31,750)--- F.0050 - Chevy Equinox ---------- Schedule of Planned Capital Outlay Fleet Fund 46 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0300 - Trackless sidewalk machine ------(342,900)--- F.0303 - MTV Trackless ---(306,450)------ F.0121 - John Deere tractor ---------- F.0146 - #146 - Aerator -------(18,410)-- F.0300-1 - Sno-Quip 51" ribbon PTO blower for #300 -------(26,300)-- F.0329 - #329 - 624K John Deere 4WD loader w plow -------(381,350)-- F.0338 - #338 - Bobcat B950 hydraylic breaker attachment -------(13,150)-- F.0320 - Chevy 1 ton Silverado 3500 4X4 (white) ---------- F.0319 - Trackless sidewalk machine ---------(379,350) F.0428-1 - Chevy skid loader model A770 IT4 ---------- AUTO - 360 - Vehicle for new inspector (30,000)--------- F.0107 - 2019 Freightliner cab & chassis/w STEPP water system --------(285,600)- AUTO-001 - #116 - John Deere utility tractor/attachment ----(82,600)----- Schedule of Planned Capital Outlay Fleet Fund 47 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0118 - Bobcat/Toolcat --------(136,000)- F.0125 - GMC Sierra, utility box, air comp --------(115,600)- F.0126 - Sullaire Compressor ---------(77,275) F.0132 - Aluma Trailer Model 8214WB ---------(11,943) F.0158 - TowMaster trailer (Z turn trailer) ---------(21,075) F.0300-2 - Sidewalk MT Trackless 51" Vee plow for #300 -------(10,520)-- F.0303-1 - Sno-Quip 51" ribbon PTO blower for #303 ---(22,700)------ F.0303-2 - Sidewalk MT Trackless 51" Vee plow for #303 ---(9,080)------ F.0303-3 - Broom for #303 -------(19,725)-- F.0304 - Chevy Silverado 2500 -------(98,625)-- F.0308 - Dodge Ram 3500 w/utility box (sign truck) -------(131,500)-- F.0309 - Mack TA dump/plow truck ---------(435,550) F.0315 - Mack TA hook dump truck (white) --------(421,600)- F.0325 - Bomag 1 ton roller --------(68,000)- Schedule of Planned Capital Outlay Fleet Fund 48 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0327 - Changeable message sign trailer VerMAC PCMS-548 ---------(49,175) F.0329-1 - 14-ft snow blade/pusher w/coupler -------(32,875)-- F.0352 - Coats Wheel Balancer ---------(14,050) F.0353 - Coats Tire Changer ---------(21,075) F.0363 - Toyota 5000- lb forklift w/sideshifting positioner ---------(70,250) F.0436 - Landa portable hot water jetter w/trailer ---------(16,860) F.0459 - Aries CCTV Pathfinder Command Ctr (no title) ---------(189,675) F.0459-1 - Bravo covered trailer (for use w/449 pickup) ---------(49,175) Total Capital Requirements (1,340,000)(1,447,325)(1,204,450)(1,169,050)(902,700)(722,750)(842,010)(732,455)(1,074,400)(1,360,743) Operating Requirements 0615 - Fleet 957,620 1,212,677 1,283,037 1,357,620 1,436,677 1,520,477 1,609,306 1,703,464 1,803,272 1,909,069 Total Operating Requirements 957,620 1,212,677 1,283,037 1,357,620 1,436,677 1,520,477 1,609,306 1,703,464 1,803,272 1,909,069 Schedule of Planned Capital Outlay Fleet Fund 49 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 Additional Requirements Revenues - Investment Income 9,486 7,009 4,731 5,564 7,507 12,921 21,027 28,911 38,910 46,588 Total Additional Requirements 9,486 7,009 4,731 5,564 7,507 12,921 21,027 28,911 38,910 46,588 Closing Cash 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 5,253,745 Schedule of Planned Capital Outlay Fleet Fund 50 5.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,148,755 378,961 26,643 45,014 63,381 85,616 15,617 64,077 281,236 722,404 Capital Requirements S.0040 - Computer hardware & software ---------- S.0045 - Network printers ---------- S.0301 - Network hardware ---------- S.0302 - Fiber construction & maintenance - DELETE ---------- S.0345 - Robbinsdale SD fiber - potential replacement ---------- S.3894 - Building security & access ---------- S.3895 - ERP upgrade implementation ---------- S.3896 - ERP upgrade project - LOGIS (300,000)--------- S.3897 - VOIP & VM server replacement ---------- AUTO - 361 - Euna Budget Software ---------- AUTO - 419 - Switches (83,120)(35,149)(21,000)(11,028)(87,358)(87,276)(35,149)(21,000)(11,028)(87,358) Budget Year Continuity Schedule Name Fund Description 2026 IT Fund 620 - Information Technology Schedule of Planned Capital Outlay 51 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,148,755 378,961 26,643 45,014 63,381 85,616 15,617 64,077 281,236 722,404 AUTO - 421 - Firewalls (24,000)----(25,200)---- AUTO - 422 - Access Points (2,000)(40,078)-(7,674)(6,300)(9,198)(40,078)-(7,674)(8,253) AUTO - 423 - Fiber (20,000)(21,000)(21,000)(94,500)(40,775)(21,000)(21,000)(21,000)(94,500)(40,775) AUTO - 424 - Access Control Maint & Updates (12,000)(12,600)(12,600)(12,600)(12,600)(12,600)(12,600)(12,600)(12,600)(12,600) AUTO - 425 - Security Reevaluation & Change Project ---(105,000)------ AUTO - 426 - IP Camera Maintenance & Updates (10,000)(73,500)(10,500)(10,500)(10,500)(10,500)(73,500)(10,500)(10,500)(10,500) AUTO - 427 - MFD's (16,500)(18,375)(9,450)-(17,325)(17,325)(18,375)(9,450)-(17,325) AUTO - 428 - Small Printers (3,000)--------- AUTO - 429 - Desktop/Laptops/Tab lets/Monitors (27,000)(40,950)(44,100)(44,100)(39,700)(51,975)(46,725)(39,900)(39,900)(35,700) AUTO - 430 - Miscellaneous (cables, tools, electronics) (5,000)(3,150)(3,150)(3,150)(5,250)(3,150)(4,725)(3,150)(3,150)(5,250) AUTO - 431 - Software ---------- AUTO - 432 - VOIP Phones & Equipment (100,000)----(105,000)---- Total Capital Requirements (602,620)(244,802)(121,800)(288,553)(219,808)(343,224)(252,152)(117,600)(179,353)(217,761) Schedule of Planned Capital Outlay IT Fund 52 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,148,755 378,961 26,643 45,014 63,381 85,616 15,617 64,077 281,236 722,404 Operating Requirements 0620 - Information Technology (180,720)41,455 340,171 556,920 592,042 623,225 650,612 684,759 720,470 763,052 Total Operating Requirements (180,720)41,455 340,171 556,920 592,042 623,225 650,612 684,759 720,470 763,052 Additional Requirements Other Financing - Street Fund Advance -(150,000)(150,000)(200,000)(250,000)(250,000)(250,000)(250,000)-- Other Financing - Water Fund Advance --(50,000)(50,000)(100,000)(100,000)(100,000)(100,000)(100,000)(100,000) Revenues ---------- Revenues - Interest on Investments 13,546 1,029 ------51 4,463 Total Additional Requirements 13,546 (148,971)(200,000)(250,000)(350,000)(350,000)(350,000)(350,000)(99,949)(95,537) Closing Cash 378,961 26,643 45,014 63,381 85,616 15,617 64,077 281,236 722,404 1,172,159 Schedule of Planned Capital Outlay IT Fund 53 5.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 Capital Requirements S.3907 - Valley Place Park - Parking lot near play area (400,000)--------- P.0025 - Valley Place Park - Replace parking lot west -(400,000)-------- P.0026 - Pool - Replace waterwalk pads, cargo nets, safety pads (60,000)--------- P.0027 - Aquatic Building - Install fiberglass doors in chemical areas (3) (30,000)--------- P.0028 - City Buildings - Replace popcorn ceiling in council chambers ---------- P.0029 - City Buildings - Paint interior (30,000)--------- P.0030 - City Buildings - Upgrade generator (135,000)--------- P.0031 - Community Center - Replace carpet ---(25,000)------ Budget Year Continuity Schedule Name Fund Description 2026 Building Fund 625 - City Buildings Schedule of Planned Capital Outlay 54 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0032 - Community Center - Replace windows --(30,000)------- P.0033 - City Buildings - Replace restroom fixtures (10,000)--------- P.0034 - City Buildings - Replace air handler --(150,000)------- P.0035 - Community Center - Replace Crystal room chairs (30,000)--------- P.0036 - PW Building - Add supplemental boilers to PW building -(300,000)-------- P.0037 - City Buildings - Remove air compressors at city hall (25,000)--------- P.0038 - Community Center - Re-key building ----(100,000)----- P.0039 - Community Center - Divider walls at gym maintenance (10,000)--------- P.0040 - Community Center - Replace refrigerator (double door) -(7,000)-------- P.0041 - Aquatic Building - Replace furnaces (3) (45,000)--------- Schedule of Planned Capital Outlay Building Fund 55 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0042 - Pool - Replace main pumps (2) ----(150,000)----- P.0043 - Becker Park - Replace parking lot ----(400,000)----- P.0044 - Pool - Replace sun sail shade cover --(19,000)------- P.0045 - Valley Place Park - Replace water heater ----(10,000)----- P.0046 - Aquatic Building - Tuck pointing --(15,000)------- P.0047 - City Buildings - Replace/relocate motion sensors for lights --(10,000)------- P.0048 - Community Center - Replace ovens --(18,000)------- P.0049 - Community Center - Replace 6- burner stove --(7,000)------- P.0050 - Fire Department - Replace exterior windows --(200,000)------- P.0051 - Fire Department - Replace roof at north fire station --(100,000)------- Schedule of Planned Capital Outlay Building Fund 56 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0052 - Aquatic Building - Concession Stand single door refrigerator --(8,000)------- P.0053 - Community Center - Replace high efficiency heaters (5 boilers) from 2031 -(75,000)-------- P.0054 - Community Center - Update Minnesota room ---(75,000)------ P.0055 - Community Center - North parking lot improvement ------(975,000)--- P.0056 - Grogan Park - Skate park/picinic area ------(475,000)--- P.0057 - Fire Department - Improve upstairs ventilation ---(40,000)------ P.0058 - Fire Department - Replace exterior doors ---(50,000)------ P.0059 - PW Building - Paint exterior building ---(25,000)------ P.0060 - PW Building - Replace skylights ----(50,000)----- P.0061 - City Buildings - Replace asphalt with concrete in bins ---(50,000)------ Schedule of Planned Capital Outlay Building Fund 57 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0062 - City Buildings - Replace parking lot asphalt ---(50,000)------ P.0063 - PW Building - Service door replacement ---(3,000)------ P.0064 - Valley Place Park - Re-key building ---------- P.0065 - City Buildings - Replace all window treatments ---(50,000)------ P.0066 - Aquatic Building - Concession Stand Double Door Freezer ---(13,000)------ P.0067 - Community Center - Recover Divider Walls - Crystal Room (10,000)--------- P.0068 - PW Building - Re-key building ----(60,000)----- P.0069 - City Buildings - Re-key building ----(50,000)----- P.0070 - City Buildings - Upgrade life safety systems ----(100,000)----- P.0071 - City Buildings - Install building security system ----(50,000)----- Schedule of Planned Capital Outlay Building Fund 58 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0072 - City Buildings - Paint exterior building ----(100,000)----- P.0073 - City Buildings - Re-roof entire building ----(250,000)----- P.0074 - Community Center - Paint interior meeting rooms ---(50,000)------ P.0075 - Community Center - Replace roof ----(225,000)----- P.0076 - Fire Department - ADA restroom upgrades ----(25,000)----- P.0077 - Pool - Replace lounge chairs ----(15,000)----- P.0078 - PW Building - Exterior touch up paint ----(35,000)----- P.0079 - PW Building - Exterior touch up paint ----(25,000)----- P.0080 - Fire Department - Improve downstairs training area ----(50,000)----- P.0081 - Fire Department - Exterior repair ----(125,000)----- P.0082 - Fire Department - Upgrade life safety systems ----(100,000)----- Schedule of Planned Capital Outlay Building Fund 59 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0083 - City Buildings - Replace exterior windows -----(450,000)---- P.0084 - City Buildings - Paint interior -----(30,000)---- P.0085 - Community Center - Replace refrigerator / freezer -----(7,000)---- P.0086 - Community Center - Replace convection oven (2 stacked) -----(12,000)---- P.0087 - Community Center - Replace gym tables -(30,000)-------- P.0088 - Community Center - Replace tables - Valley room & Forest rooms -(20,000)-------- P.0089 - PW Building - Replace pressure washer -----(20,000)---- P.0090 - Fire Department - Install eyewash station at north fire station -----(10,000)---- P.0091 - Fire Department - Install railing on roof by access door at north fire station -----(15,000)---- P.0092 - Fire Department - Replace entry door heater in wall -----(15,000)---- Schedule of Planned Capital Outlay Building Fund 60 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0093 - PW Building - Replace pressure washer -----(20,000)---- P.0094 - Community Center - Replace coffee maker - kitchen ------(5,000)--- P.0095 - Community Center - Replace folding chairs - meeting rooms -(10,000)-------- P.0096 - Community Center - Replace Minnesota room lounge chairs ---(10,000)------ P.0097 - Pool - Paint drop slide/walkway/gel coat waterslide structure ------(90,000)--- P.0098 - Aquatic Building - Paint Doors/Eaves ---------- P.0099 - PW Building - Siding replacement - salt building ------(25,000)--- P.0100 - Community Center - Tuck pointing ------(50,000)--- P.0101 - Community Center - LED Ceiling Light replacement ------(18,000)--- P.0102 - Community Center - Replace chairs and tables - Crystal Room ---------- Schedule of Planned Capital Outlay Building Fund 61 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0103 - Community Center - Replace LVT flooring - Forest & Crystal rooms ------(20,000)--- AUTO - 359 - Work station for new inspector (10,000)--------- AUTO - 405 - Aquatic Center - Mini Split ---------- AUTO - 410 - East Parking Lot - North Lions Park -----(400,000)---- AUTO - 418 - Pool Shade Structures (60,000)--------- Total Capital Requirements (855,000)(842,000)(557,000)(441,000)(1,920,000)(979,000)(1,658,000)--- Operating Requirements 0625 - City Buildings 1,669,829 2,070,018 2,394,220 2,537,873 2,690,145 2,851,554 3,022,647 3,204,006 3,396,246 3,600,021 Total Operating Requirements 1,669,829 2,070,018 2,394,220 2,537,873 2,690,145 2,851,554 3,022,647 3,204,006 3,396,246 3,600,021 Additional Requirements Other Financing - PERF Fund Advance (115,000)(115,000)(100,000)-(150,000)(200,000)(240,000)--- Other Financing - Storm Water Fund Advance (100,000)(350,000)(350,000)(350,000)(500,000)(750,000)(500,000)--- Other Financing - Street Fund Advance (500,000)(500,000)(400,000)(300,000)(500,000)(600,000)(1,300,000)--- Other Financing - Water Fund Advance (100,000)(400,000)(300,000)(350,000)(350,000)(150,000)(150,000)(150,000)(150,000)(150,000) Schedule of Planned Capital Outlay Building Fund 62 5.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 Revenues - Investment Income 9,235 28,997 27,916 35,068 46,388 39,553 41,674 33,837 64,716 97,824 Total Additional Requirements (805,765)(1,336,003)(1,122,084)(964,932)(1,453,612)(1,660,447)(2,148,326)(116,163)(85,284)(52,176) Closing Cash 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 13,360,380 Schedule of Planned Capital Outlay Building Fund 63 5.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 64 5.1 Appendix A INTERNAL LOAN SCHEDULE FOR PUBLIC SAFETY FACILITY RENOVATION / CONSTRUCTION 65 5.1 2022 2023 2024 2025 2026 2027 2028 PUBLIC SAFETY FACILITY RENOVATION /CONSTRUCTION Loan from Street Improvement 5,000,000$ -$ -$ -$ -$ -$ -$ PERF 1,170,000 - - - - - - Water 900,000 - - - - - - Storm Water 500,000 - - - - - - 7,570,000 - - - - - - Loan to Building 7,570,000$ -$ -$ -$ -$ -$ -$ 7,570,000 - - - - - - Repayment Street Improvement -$ -$ 200,000$ 700,000$ 500,000$ 500,000$ 400,000$ PERF - - - 250,000 115,000 115,000 100,000 Water - - - - 100,000 250,000 150,000 Storm Water - - - 100,000 100,000 100,000 100,000 - - 200,000 1,050,000 815,000 965,000 750,000 IT FOR CASH FLOW Loan from Water -$ -$ -$ 700,000$ -$ -$ -$ Streets - - - 1,500,000 - - - - - - 2,200,000 - - - Loan to IT -$ -$ -$ 2,200,000$ -$ -$ -$ - - - 2,200,000 - - - Repayment Water -$ -$ -$ -$ -$ -$ 50,000$ Streets - - - - - 150,000 150,000 - - - - - 150,000 200,000 BUILDING FOR CASH FLOW Loan from Water -$ -$ 1,500,000$ -$ -$ -$ Storm Water - - - 2,500,000 - - - - - - 4,000,000 - - - Loan to Building -$ -$ -$ 4,000,000$ -$ -$ -$ - - - 4,000,000 - - - Repayment Water -$ -$ -$ -$ -$ 150,000$ 150,000$ Storm Water - - - - - 250,000 250,000 - - - - - 400,000 400,000 City of Crystal, Minnesota Internal Loan Schedules 66 5.1 2029 2030 2031 2032 2033 2034 2035 -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ -$ - - - - - - - 300,000$ 500,000$ 600,000$ 1,300,000$ -$ -$ -$ - 150,000 200,000 240,000 - - - 200,000 200,000 - - - - - 100,000 - - - - - - 600,000 850,000 800,000 1,540,000 - - - -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ - - - - - - - 50,000$ 100,000$ 100,000$ 100,000$ 100,000$ 100,000$ 100,000$ 200,000 250,000 250,000 250,000 250,000 - - 250,000 350,000 350,000 350,000 350,000 100,000 100,000 -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ - - - - - - - 150,000$ 150,000$ 150,000$ 150,000$ 150,000$ 150,000$ 150,000$ 250,000 500,000 750,000 500,000 - - - 400,000 650,000 900,000 650,000 150,000 150,000 150,000 67 5.1 Memorandum DATE: December 2, 2025 TO: Mayor and City Council Adam Bell, City Manager FROM: Jodi Bursheim, Abdo SUBJECT: Adoption of the 2026-2035 Long Term Plan Background At the November 13 work session, the City Council reviewed the 2026-2035 Long Term Plan for capital funds and financial forecast of the capital funds, enterprise funds and internal service funds. Various future financing options were discussed and will be considered in future plans. The noted changes were to revise the EDA forecast with updated changes as mentioned by John Sutter at this meeting. In addition, the building fund had a revision requested to remove the $30,000 for the Council Chambers improvement plan. The updated plan is attached. Other 2025 Budgets Special Revenue, Debt Service, Capital Project, Enterprise, and Internal Service Fund budgets are included in the total budget and also included in the long-term plan. Conclusion The City Council is requested to consider approving the 2026-2035 Long Term Plan. 6.1 Long Term Plan City of Crystal Crystal, Minnesota December 2, 2025 6.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 2 6.1 City of Crystal, Minnesota Long Term Plan Table of Contents Page No. Compilation Disclosure 5 Introductory Section Transmittal Letter 9 Financial Section Budget 14 Schedule of Property Taxes Levied and Tax Rates 16 Schedule of Annual Fund Cash Balances 18 Outstanding Debt Schedule 20 Capital Improvement Plan Police Equipment Revolving Fund 235 22 Street Capital Fund 415 24 Park Improvements 420 27 Water Fund 505 33 Sanitary Sewer Fund 510 36 Storm Drainage Fund 515 38 Street Light Fund 520 41 Fleet Fund 615 42 Information Technology Fund 620 51 Major Building Replacement Fund 625 54 Appendix A Internal Loan Schedules 66 3 6.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 4 6.1 COMPILATION DISCLOSURE Honorable Mayor and City Council City of Crystal 4141 Douglas Drive North Crystal, Minnesota 55422 We have compiled the accompanying forecasted long-term plan that includes property tax, tax rate, fund balance and debt projections based on input from the City Council and City staff. This projection incorporates estimates through December 31, 2035, for all presented funds. This forecast was compiled in accordance with attestation standards established by the American Institute of Certified Public Accountants. A compilation is limited to presenting in the form of forecast information that is the representation of management and does not include evaluation of the support for the assumptions underlying the forecast. We have not examined the forecast and, accordingly, do not express an opinion or any other form of assurance on the accompanying statements or assumptions. Furthermore, there will usually be differences between the forecasted and actual results because events and circumstances frequently do not occur as expected, and those differences may be material. We have no responsibility to update this report for events and circumstances occurring after the date of this report. Sincerely, Abdo Financial Solutions 5 6.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 6 6.1 INTRODUCTORY SECTION CITY OF CRYSTAL, MINNESOTA LONG TERM PLAN 7 6.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 8 6.1 Honorable Mayor and City Council City of Crystal 4141 Douglas Drive North Crystal, Minnesota 55422 Introduction The City’s long-term plan is intended to give a big picture view of the status now and ten years from now. We have measured and projected operations, capital and debt for the city based on assumptions made by management. The City’s assumptions made are as follows: Assumptions The following assumptions have been used to calculate the projections in this report: Interest earnings 1.00% Governmental fund revenue growth 3.00% Governmental fund expenditure growth 6.00% Governmental funds debt interest rate 3.00% EDA levy growth Varies EDA expense growth (assumption for home improvement grant program) 5.00% Internal service fund revenue growth 6.00% Internal service fund expenditure growth 6.00% Enterprise fund revenue growth 3.00% Enterprise fund expense growth 3.00% Water revenue growth 7.00% Sewer revenue growth 7.00% Storm drainage revenue growth 4.50% Street lighting revenue growth 7.00% Street levy growth 15.00% PERF levy growth 2.00% Parks improvement levy growth 13.00% Fleet equipment inflationary cost 5.00% Tax capacity growth 4.00% Fiscal disparities growth 0.00% Population growth 0.30% Median home value growth 5.00% Market value 3.00% Governmental funds debt term Population 15 years 23,092 9 6.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 10 6.1 Assumptions with Future Action • General Fund property tax revenue has been increased based on the results of the long-term plan, Park System Master Plan, increased funding for capital projects, and inflation. • All internal service funds (Fleet, Building and Information Technology) will require allocation increases over the next several years to build reserves. Key Highlights • The Minnesota Office of the State Auditor defines an adequate reserve as 35-50 percent of the General fund expenditures. The long-term plans projects planned transfers to build reserves to meet that target. In order to increase the General Fund reserve level, additional funding is projected in the property tax levy to include transfers into reserves. • The tax levy is projected to increase over the duration of this Plan to meet the service level demands and other capital levy needs. The levy increase will result in an increase in the projected city tax rate. A decrease in the tax levy or applicable tax rate is not anticipated, given the capital needs outlined in our report. • As of the end of 2025, the total outstanding debt amounts to $6.0 million. The current debt is scheduled to be fully paid off by the year 2033. This timeline reflects our commitment to managing and reducing our financial obligations in a structured and timely manner while ensuring fiscal responsibility. • The total cash position of the city is projected to increase from $33.7 million (2024 actual) to $89.8 million over the duration of this plan. • The projected cash results throughout the duration of this plan will vary based on actual results. 11 6.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 12 6.1 FINANCIAL SECTION CITY OF CRYSTAL, MINNESOTA LONG TERM PLAN 13 6.1 100 General 2024 2025 2026 2027 2028 Actual Estimated Estimated Estimated Estimated Property taxes 14,662,642$ 17,281,704$ 19,964,204$ 22,511,491$ 24,881,242$ Property tax delinquents and penalties - 31,000 31,000 31,000 31,000 Transfers in 1,950,093 755,888 811,620 835,968 861,048 Other revenue 5,218,833 5,081,245 5,440,856 5,504,082 5,669,204 Transfers to Reserves - (800,000) (1,000,000) (1,100,000) (1,493,000) Transfers out (1,797) - - - - Other expenditures (20,043,950) (22,349,837) (25,247,680) (27,782,541) (29,949,493) Net revenue/(expenditures)1,785,821$ -$ -$ -$ -$ Cash Balance 7,747,134$ 8,547,134$ 9,547,134$ 10,647,134$ 12,140,134$ Fund Balance 7,915,836 8,715,836 9,715,836 10,815,836 12,308,836 Less: Nonspendable and committed funds (1,426,390) (1,426,390) (1,426,390) (1,426,390) (1,426,390) Unassigned Fund Balance 6,489,446 7,289,446 8,289,446 9,389,446 10,882,446 Fund Balance as a % of Expenditures - OSA 32.38%32.62%32.83%33.80%36.34% Target fund balance OSA 7,015,383 7,822,443 8,836,688 9,723,889 10,482,323 Unassigned fund balance over/(under) OSA (525,937) (532,997) (547,242) (334,443) 400,123 Fund Balance as a % of Budget - POLICY - 40%29.04%28.87%29.84%31.35%34.06% Target fund balance- POLICY - 40%8,939,935 10,099,072 11,113,016 11,979,797 12,778,585 Unassigned fund balance over/(under) policy target (2,450,489) (2,809,626) (2,823,570) (2,590,351) (1,896,139) Budgeted expenses 20,094,441 22,349,837 25,247,680 27,782,541 29,949,493 220 EDA 2024 2025 2026 2027 2028 Actual Estimated Estimated Estimated Estimated Property taxes 331,821$ 355,282$ 517,987$ 544,078$ 560,400$ Special Assessments 32,839 24,728 24,728 11,894 11,894 Intergovernmental 110,047 25,000 25,000 - - Other revenue 126,531 22,000 23,107 23,800 24,514 Operating expenditures (571,535) (424,325) (456,213) (435,798) (456,088) Transfer to reserves (29,703) (2,685) (134,609) (143,974) (140,720) Net revenue/(expenditures)-$ -$ -$ -$ -$ City of Crystal, Minnesota Budget For the Years Ended December 31, 2024 (Actual) and 2025 to 2035 Estimated 14 6.1 2029 2030 2031 2032 2033 2034 2035 Estimated Estimated Estimated Estimated Estimated Estimated Estimated 27,268,304$ 29,114,307$ 31,128,263$ 33,239,893$ 35,485,322$ 35,823,112$ 38,154,282$ 31,000 31,000 31,000 31,000 31,000 31,000 31,000 886,879 913,485 940,890 969,117 998,190 1,028,136 1,058,980 5,839,280 6,014,459 6,194,892 6,380,739 6,572,161 6,769,326 6,972,406 (2,079,000) (2,210,000) (2,400,000) (2,572,000) (2,755,000) (900,000) (900,000) - - - - - - - (31,946,463) (33,863,251) (35,895,046) (38,048,748) (40,331,673) (42,751,574) (45,316,668) -$ -$ -$ -$ -$ -$ -$ 14,219,134$ 16,429,134$ 18,829,134$ 21,401,134$ 24,156,134$ 25,056,134$ 25,956,134$ 14,387,836 16,597,836 18,997,836 21,569,836 24,324,836 25,224,836 26,124,836 (1,426,390) (1,426,390) (1,426,390) (1,426,390) (1,426,390) (1,426,390) (1,426,390) 12,961,446 15,171,446 17,571,446 20,143,446 22,898,446 23,798,446 24,698,446 40.57%44.80%48.95%52.94%56.78%55.67%54.50% 11,181,262 11,852,138 12,563,266 13,317,062 14,116,086 14,963,051 15,860,834 1,780,184 3,319,308 5,008,180 6,826,384 8,782,360 8,835,395 8,837,612 38.28%42.27%46.18%49.94%53.56%49.54%51.42% 13,545,300 14,358,018 15,219,499 16,132,669 17,100,629 19,214,267 19,214,267 (583,854) 813,428 2,351,947 4,010,777 5,797,817 4,584,179 5,484,179 31,946,463 33,863,251 35,895,046 38,048,748 40,331,673 42,751,574 45,316,668 2029 2030 2031 2032 2033 2034 2035 Estimated Estimated Estimated Estimated Estimated Estimated Estimated 577,212$ 594,528$ 612,364$ 630,735$ 649,657$ 669,147$ 689,221$ 11,894 - - - - - - - - - - - - - 25,249 26,006 26,786 27,590 28,418 29,271 30,149 (501,392) (547,762) (571,250) (595,913) (625,808) (656,999) (685,548) (112,963) (72,772) (67,900) (62,412) (52,267) (41,419) (33,822) -$ -$ -$ -$ -$ -$ -$ 15 6.1 2024 2025 2026 2027 2028 Budget Budget Budget Estimated Estimated Amounts Amounts Amounts Amounts Amounts Property Taxes Levied for General Purposes 100 General 14,818,719$ 17,281,704$ 19,964,204$ 22,511,491$ 24,881,242$ Property Taxes Levied for Capital 235 Police Equipment Revolving Fund 92,211 94,055 95,936 97,855 99,812 415 Street Reconstruction 529,047 608,404 699,665 804,615 925,307 420 Park Improvements 882,753 997,511 1,127,187 1,273,721 1,439,305 Subtotal 1,504,011 1,699,970 1,922,788 2,176,191 2,464,424 Total City Levy 16,322,730 18,981,674 21,886,992 24,687,681 27,345,665 220 EDA Levy 335,172 355,282 517,987 544,078 560,400 Total Taxes Levied 16,657,902 19,336,956 22,404,979 25,231,759 27,906,065 Total Percent Levy Increase 10.00%16.08%15.87%12.62%10.60% Tax Capacity Less: Fiscal Disparty Distribution (2,368,451) (2,799,350) (2,799,350) (2,799,350) (2,799,350) Net City Tax Capacity Local Levy 13,954,279$ 16,182,324$ 19,087,642$ 21,888,331$ 24,546,315$ Personal and Real Estate 30,835,307$ 29,704,129$ 30,080,739$ 31,283,969$ 32,535,327$ Estimated New Growth 6.35%-3.67%1.27%4.00%4.00% Less: Contribution to fiscal disparities (1,707,733) (1,767,738) (1,900,586) (1,900,586) (1,900,586) Less: Tax Increment (311,074) (282,587) - - - Adjusted tax capacity for local rate 28,816,500$ 27,653,804$ 28,180,153$ 29,383,383$ 30,634,741$ Market Value (for taxes payable year) Market Value - Referendum (for tax rates)2,824,885,600$ 2,773,192,850$ 2,805,563,700$ 2,889,730,611$ 2,976,422,529$ Percentage growth 5.37%-1.83%1.17%3.00%3.00% Market Value - Estimated (for max EDA/HRA levy)2,852,748,600 2,814,544,600$ 2,855,301,000$ 2,940,960,030$ 3,029,188,831$ Percentage growth 5.34%-1.34%1.45%3.00%3.00% Fiscal disparity distribution tax capacity 5,101,231 5,780,796$ 5,768,484$ 5,768,484$ 5,768,484$ Fiscal disparity distribution tax $49,890 57,230 57,230 57,230 57,230 Maximum EDA/HRA levy 527,758 520,691 528,231 544,078 560,400 Tax Rates Total City Levy Tax Rate 48.42%58.52%67.73%74.49%80.13% Total EDA Tax Rate 0.99%1.08%1.64%1.66%1.64% Population 23,092 23,161 23,231 23,300 23,370 Taxes per Capita 721 835 964 1,083 1,194 Tax Levy (%) General 89%89%89%89%89% EDA 2%2%2%2%2% Capital 9%9%9%9%9% City of Crystal, Minnesota Schedule of Property Taxes Levied and Tax Rates For the Years Ended December 31, 2024 (Actual) and 2025 to 2035 (Estimated) 16 6.1 2029 2030 2031 2032 2033 2034 2035 Estimated Estimated Estimated Estimated Estimated Estimated Estimated Amounts Amounts Amounts Amounts Amounts Amounts Amounts 27,268,304$ 29,114,307$ 31,128,263$ 33,239,893$ 35,485,322$ 35,823,112$ 38,154,282$ 101,808 103,844 105,921 108,040 110,200 112,404 114,652 1,064,103 1,223,718 1,407,276 1,618,368 1,861,123 2,140,291 2,461,335 1,626,415 1,837,849 2,076,769 2,346,749 2,651,826 2,996,564 3,386,117 2,792,326 3,165,411 3,589,966 4,073,156 4,623,149 5,249,259 5,962,104 30,060,629 32,279,718 34,718,230 37,313,049 40,108,471 41,072,371 44,116,387 577,212 594,528 612,364 630,735 649,657 669,147 689,221 30,637,841 32,874,246 35,330,594 37,943,784 40,758,128 41,741,518 44,805,608 9.79%7.30%7.47%7.40%7.42%2.41%7.34% (2,799,350) (2,799,350) (2,799,350) (2,799,350) (2,799,350) (2,799,350) (2,799,350) 27,261,279$ 29,480,368$ 31,918,880$ 34,513,699$ 37,309,121$ 38,273,021$ 41,317,037$ 33,836,740$ 35,190,210$ 36,597,818$ 38,061,731$ 39,584,200$ 41,167,568$ 42,814,271$ 4.00%4.00%4.00%4.00%4.00%4.00%4.00% (1,900,586) (1,900,586) (1,900,586) (1,900,586) (1,900,586) (1,900,586) (1,900,586) - - - - - - - 31,936,154$ 33,289,624$ 34,697,232$ 36,161,145$ 37,683,614$ 39,266,982$ 40,913,685$ 3,065,715,205$ 3,157,686,661$ 3,252,417,261$ 3,349,989,779$ 3,450,489,472$ 3,554,004,157$ 3,660,624,281$ 3.00%3.00%3.00%3.00%3.00%3.00%3.00% 3,120,064,496$ 3,213,666,431$ 3,310,076,424$ 3,409,378,716$ 3,511,660,078$ 3,617,009,880$ 3,725,520,177$ 3.00%3.00%3.00%3.00%3.00%3.00%3.00% 5,768,484$ 5,768,484$ 5,768,484$ 5,768,484$ 5,768,484$ 5,768,484$ 5,768,484$ 57,230 57,230 57,230 57,230 57,230 57,230 57,230 577,212 594,528 612,364 630,735 649,657 669,147 689,221 85.36%88.56%91.99%95.44%99.01%97.47%100.99% 1.63%1.61%1.60%1.59%1.57%1.56%1.54% 23,440 23,511 23,581 23,652 23,723 23,794 23,866 1,307 1,398 1,498 1,604 1,718 1,754 1,877 89%89%88%88%87%86%85% 2%2%2%2%2%2%2% 9%10%10%11%11%13%13% 17 6.1 2024 2025 2026 2027 2028 Actual Estimated Estimated Estimated Estimated Amounts Amounts Amounts Amounts Amounts GOVERNMENT-TYPE General Operations 100 General 7,747,134$ 8,547,134$ 9,547,134$ 10,647,134$ 12,140,134$ Special Revenue 220 EDA 2,388,526 2,391,211 2,525,820 2,669,794 2,810,514 206-210 TIF Districts Special Revenue 1,155,729 1,167,286 1,178,959 675,817 353,363 240-245 Special Projects 395,547 395,547 395,547 395,547 395,547 246 Public Safety Aid 396,420 333,420 270,420 30,000 - Subtotal 4,336,222 4,287,464 4,370,746 3,771,158 3,559,424 Debt Service 330-337 Debt Service 3,412,243 3,061,275 2,502,455 1,903,400 1,436,366 Subtotal 3,412,243 3,061,275 2,502,455 1,903,400 1,436,366 Capital Projects 235 Police Equipment Revolving Fund 1,692,118 1,834,864 1,710,666 1,597,326 1,230,541 404 Cable TV Equipment 365,378 369,032 372,722 376,449 380,214 415 Street Reconstruction 5,732,460 4,107,270 4,312,173 4,890,048 5,392,733 420 Park Improvements 1,228,307 1,624,069 1,333,370 1,188,639 1,462,937 Subtotal 9,018,263 7,935,235 7,728,932 8,052,462 8,466,426 Total - Governmental-type Funds 24,513,862 23,831,109 24,149,266 24,374,154 25,602,350 605 Internal Service Fund Self Insurance 177,043 178,813 180,602 182,408 184,232 615 Internal Service Fund Fleet 1,925,408 1,073,755 700,861 473,221 556,540 620 Internal Service Fund IT (534,316) 1,148,755 378,961 26,643 45,014 625 Internal Service Fund Building 189,528 2,920,614 2,929,678 2,821,693 3,536,829 Total - Internal Service Funds 1,757,663 5,321,937 4,190,102 3,503,964 4,322,614 BUSINESS-TYPE Enterprise Funds 505 Enterprise Fund Water 3,403,124 1,271,332 1,337,828 2,946,455 3,643,911 510 Enterprise Fund Sewer 443,201 404,330 186,002 229,731 350,094 515 Enterprise Fund Storm 2,364,621 542,193 1,123,858 1,377,459 2,239,841 520 Enterprise Fund Street Light 1,032,059 1,060,718 1,094,709 1,140,100 1,198,698 525 Enterprise Fund Recycling 115,580 116,736 117,903 119,082 120,273 Total - Business-type Funds 7,358,585 3,395,309 3,860,300 5,812,828 7,552,817 AGENCY FUND *250 Hennepin Recycling Group 25,972 26,232 26,494 26,759 27,027 Total - Agency Funds 25,972 26,232 26,494 26,759 27,027 Grand Total - City 33,656,082$ 32,574,587$ 32,226,162$ 33,717,705$ 37,504,807$ *Cash balance is anticipated to grow based on market rates. INTERNAL SERVICE City of Crystal, Minnesota Schedule of Annual Fund Cash Balances For the Years Ended December 31, 2024 (Actual) and 2025 to 2035 (Estimated) 18 6.1 2029 2030 2031 2032 2033 2034 2035 Estimated Estimated Estimated Estimated Estimated Estimated Estimated Amounts Amounts Amounts Amounts Amounts Amounts Amounts Trend 14,219,134$ 16,429,134$ 18,829,134$ 21,401,134$ 24,156,134$ 25,056,134$ 25,956,134$ 2,923,477 2,996,249 3,064,149 3,126,561 3,178,828 3,220,247 3,254,069 - - - - - - - 395,547 395,547 395,547 395,547 395,547 395,547 395,547 - - - - - - - 3,319,024 3,391,796 3,459,696 3,522,108 3,574,375 3,615,794 3,649,616 1,005,888 695,839 353,149 (82,285) (365,435) (365,435) (365,435) 1,005,888 695,839 353,149 (82,285) (365,435) (365,435) (365,435) 907,428 851,109 1,116,134 1,424,554 1,496,758 1,570,331 1,675,233 384,016 387,856 391,735 395,652 399,609 403,605 407,641 5,987,483 6,047,930 3,890,562 5,604,117 6,175,341 6,779,092 9,025,125 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 6,758,698 9,815,901 10,874,960 9,361,891 7,576,777 10,314,978 12,837,609 17,866,697 28,359,947 31,391,729 32,003,870 32,417,734 37,680,053 41,144,103 47,107,012 186,074 187,935 189,814 191,712 193,629 195,566 197,521 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 5,253,745 63,381 85,616 15,617 64,077 281,236 722,404 1,172,159 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 13,360,380 5,668,898 5,551,011 6,505,646 6,560,648 10,867,487 15,389,337 19,983,805 4,691,054 5,935,537 4,605,477 6,509,529 8,991,989 11,923,345 15,650,724 168,320 305,721 581,874 868,948 1,439,407 2,120,112 3,288,001 1,300,368 955,747 473,456 9,178 844,541 1,716,093 2,650,783 1,271,777 360,715 434,995 527,898 641,145 776,588 986,226 121,476 122,690 123,917 125,157 126,408 127,672 128,949 7,552,995 7,680,410 6,219,719 8,040,710 12,043,490 16,663,811 22,704,683 27,297 27,570 27,845 28,124 28,405 28,689 28,976 27,297 27,570 27,845 28,124 28,405 28,689 28,976 41,609,137$ 44,650,720$ 44,757,081$ 47,047,216$ 60,619,435$ 73,225,939$ 89,824,477$ Trend Indicator Adequate for reserve levels Adequate as of prior year but balances decrease, watch Below targeted reserve levels and should have a plan to address The fund has events in the future that need addressing now 19 6.1 2024 2025 2026 2027 2028 Original Issue Maturity Interest Actual Estimated Estimated Estimated Estimated Fund Issue Issue Date Date Rate Balance Balance Balance Balance Balance GOVERNMENT-TYPE General Obligation Bonds 330 2009A Special Assessment 3,360,000$ 7/21/2009 2/1/2023 2.00 - 4.50 %-$ -$ -$ -$ -$ 332 2011A Special Assessment 1,705,000 7/19/2011 2/1/2027 0.50 - 3.55 270,000 175,000 85,000 - - 333 2012A Special Assessment 2,635,000 7/16/2013 2/1/2028 0.50 - 3.55 590,000 435,000 285,000 140,000 - 334 2013A Special Assessment 3,235,000 6/17/2015 2/1/2029 0.50 - 3.55 975,000 770,000 570,000 375,000 185,000 335 2015A Special Assessment 2,550,000 7/16/2015 2/1/2031 2.50 - 3.00 1,065,000 900,000 740,000 585,000 435,000 336 2016A Special Assessment 3,330,000 8/25/2016 2/1/2032 2.00 - 2.50 1,620,000 1,400,000 1,185,000 975,000 770,000 337 2017A Special Assessment 4,665,000 9/14/2017 2/1/2033 2.00 - 3.00 2,655,000 2,345,000 2,040,000 1,740,000 1,440,000 Total G.O. Bonds 21,480,000 7,175,000 6,025,000 4,905,000 3,815,000 2,830,000 Population 23,092 23,161 23,231 23,300 23,370 Debt Per Capita - total 311$ 260$ 211$ 164$ 121$ City of Crystal, Minnesota Oustanding Debt For the Years Ended December 31, 2024 (Actual) and 2025 to 2035 Estimated 20 6.1 2029 2030 2031 2032 2033 2034 2035 Estimated Estimated Estimated Estimated Estimated Estimated Estimated Balance Balance Balance Balance Balance Balance Balance -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - 285,000 140,000 - - - - - 570,000 375,000 185,000 - - - - 1,145,000 855,000 565,000 280,000 - - - 2,000,000 1,370,000 750,000 280,000 - - - 23,440 23,511 23,581 23,652 23,723 23,794 23,866 85$ 58$ 32$ 12$ -$ -$ -$ 21 6.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,834,864 1,710,666 1,597,326 1,230,541 907,428 851,109 1,116,134 1,424,554 1,496,758 1,570,331 Capital Requirements P.0160 - Handgun replacement ---(55,000)------ P.0161 - Rifle replacement/replace sniper rifle ---(30,000)------ P.0162 - Police bicycles (3) ---(6,000)------ P.0163 - Body cameras (24,000)(24,000)(30,000)(30,000)(30,000)(30,000)(30,000)(30,000)(30,000)- P.0164 - Bulletproof vests - mass replacement ($1,800 each) (10,800)(1,800)-------- P.0165 - Leased Vehicles (271,200)(271,200)(271,200)(271,120)(271,120)----- P.0166 - Mobile data tablets ($5,000 each) (20,000)(5,000)(15,000)(20,000)------ P.0167 - Tactical vests ($5,300 each) (10,600)(10,600)(10,600)(8,200)------ P.0170 - Mobile radar/lidar replacement ($4,000- 5,000 each) -(10,000)(15,000)------- P.0171 - SWAT gas launcher -(6,000)-------- Budget Year Continuity Schedule Name Fund Description 2026 Police Equipment Revolving Fund 235 - Police Equipment Revolving Schedule of Planned Capital Outlay 22 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,834,864 1,710,666 1,597,326 1,230,541 907,428 851,109 1,116,134 1,424,554 1,496,758 1,570,331 P.0172 - Mobile radios ($5,000 each) --(75,000)------- P.0173 - Portable radios ($3,000) --(150,000)------- Total Capital Requirements (336,600)(328,600)(566,800)(420,320)(301,120)(30,000)(30,000)(30,000)(30,000)- Operating Requirements 3500 - Police Eq Revolving - Misc Capital Items 90,036 91,601 93,183 94,781 96,396 98,026 99,670 101,329 103,001 104,685 3547 - Police Eq Revolving - Bulletproof Vests (1,200)(1,452)(1,725)(2,019)(2,337)(2,680)(3,049)(3,447)(3,875)(4,336) 3548 - Police Eq Revolving - Tactical Vests (6,600)(6,996)(7,416)(7,861)(8,332)(8,832)(9,362)(9,924)(10,519)(11,151) Total Operating Requirements 82,236 83,153 84,042 84,901 85,727 86,514 87,259 87,958 88,606 89,198 Additional Requirements Revenues - Interest on Investments 15,166 17,107 15,973 12,305 9,075 8,511 11,161 14,246 14,967 15,703 Other Financing - Advances 115,000 115,000 100,000 -150,000 200,000 240,000 --- Total Additional Requirements 130,166 132,107 115,973 12,305 159,075 208,511 251,161 14,246 14,967 15,703 Closing Cash 1,710,666 1,597,326 1,230,541 907,428 851,109 1,116,134 1,424,554 1,496,758 1,570,331 1,675,233 Schedule of Planned Capital Outlay Police Revolving Fund 23 6.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 4,107,270 4,312,173 4,890,048 5,392,733 5,987,483 6,047,930 3,890,562 5,604,117 6,175,341 6,779,092 Capital Requirements P.0001M - 2026 utility reconstruction (300,000)--------- P.0003M-A - 2027 utility reconstruction -(400,000)-------- P.0004M-A - 2028 utility reconstruction --(400,000)------- P.0005M-A - 2029 utility reconstruction ---(400,000)------ P.0008M-A - 2030 utility reconstruction ----(500,000)----- P.0012M-A - 2031 utility reconstruction -----(500,000)---- P.0014M-A - 2032 utility reconstruction ------(500,000)--- P.0015M-A - 2033 utility reconstruction -------(600,000)-- P.0016M-A - 2034 utility reconstruction --------(600,000)- S.0092 - Sidewalk shaving (trip hazard removal) (20,000)(20,000)(20,000)(20,000)(20,000)(20,000)(20,000)(20,000)(20,000)- S.0093 - Misc concrete work (61,903)(61,903)(61,903)(61,903)(61,903)(61,903)(61,903)(61,903)(61,903)- S.0012 - ADA ped ramp replacements (45,020)(45,020)(45,020)(45,020)(45,020)(45,020)(45,020)(45,020)(45,020)- Budget Year Continuity Schedule Name Fund Description 2026 Street Reconstruction Fund 415 - Street Reconstruction Schedule of Planned Capital Outlay 24 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 4,107,270 4,312,173 4,890,048 5,392,733 5,987,483 6,047,930 3,890,562 5,604,117 6,175,341 6,779,092 P.0149 - 2026 mill and overlay (942,775)--------- P.0150 - Retaining wall replacement 4009 Douglas Dr N (200,000)--------- P.0151 - 42nd Street reconstruction ----(500,000)(3,000,000)---- P.0152 - 2027 mill and overlay -(942,775)-------- P.0153 - 2028 mill and overlay --(942,775)------- P.0154 - 2029 mill and overlay ---(942,775)------ P.0155 - 2030 mill and overlay ----(1,290,775)----- P.0156 - 2031 mill and overlay -----(1,290,775)---- P.0157 - 2032 mill and overlay ------(1,290,775)--- P.0158 - 2033 mill and overlay -------(1,290,775)-- P.0159 - 2034 mill and overlay --------(1,290,775)- AUTO - 368 - 2035 Utility Reconstruction ---------(700,000) Total Capital Requirements (1,569,698)(1,469,698)(1,469,698)(1,469,698)(2,417,698)(4,917,698)(1,917,698)(2,017,698)(2,017,698)(700,000) Operating Requirements 0415 - Street Reconstruction 1,244,067 1,354,451 1,373,483 1,510,520 1,668,270 1,849,851 2,042,347 2,282,881 2,559,695 2,878,243 Total Operating Requirements 1,244,067 1,354,451 1,373,483 1,510,520 1,668,270 1,849,851 2,042,347 2,282,881 2,559,695 2,878,243 Schedule of Planned Capital Outlay Street Reconstruction Fund 25 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 4,107,270 4,312,173 4,890,048 5,392,733 5,987,483 6,047,930 3,890,562 5,604,117 6,175,341 6,779,092 Additional Requirements Other - Building Fund Advance 500,000 500,000 400,000 300,000 500,000 600,000 1,300,000 --- Other - IT Fund Advance -150,000 150,000 200,000 250,000 250,000 250,000 250,000 -- Revenues - Interest on Investments 30,534 43,122 48,900 53,928 59,875 60,478 38,906 56,041 61,754 67,790 Total Additional Requirements 530,534 693,122 598,900 553,928 809,875 910,478 1,588,906 306,041 61,754 67,790 Closing Cash 4,312,173 4,890,048 5,392,733 5,987,483 6,047,930 3,890,562 5,604,117 6,175,341 6,779,092 9,025,125 Schedule of Planned Capital Outlay Street Reconstruction Fund 26 6.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,624,069 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 Capital Requirements S.0016 - All pavement (sidewalks @ trails) (75,000)(125,000)(125,000)(100,000)(75,000)(75,000)(75,000)(75,000)(75,000)- S.0062 - New park name signage (15,000)--------- S.3892 - North Lions Park Soccer Field Improvements (425,000)--------- P.0106 - Redevelopment - Forest School Park (425,000)--------- P.0107 - Play area - Woodland Park ---------- P.0108 - Picnic shelter - Woodland Park ---------- P.0109 - Basketball Court - Woodland Park ---------- P.0110 - Play area - Cavanaugh (2001) ---------- P.0111 - Picnic Shelter - Cavanaugh ---------- P.0112 - Basketball court - Cavanaugh ---------- Budget Year Continuity Schedule Name Fund Description 2026 Park Improvement Fund 420 - Park Improvements Schedule of Planned Capital Outlay 27 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,624,069 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 P.0113 - Bassett Creek Improvement Projects -----(500,000)(5,000,000)--- P.0114 - Parking lot - Bassett Creek Shelter/Disc Golf ---------- P.0115 - Play area - Sunnyview (2000) ---------- P.0116 - Large play area - North Lions (2006) --(400,000)------- P.0117 - Redevelopment – Iron Horse Park -(325,000)-------- P.0118 - Medium Picnic Shelter - North Lions --(150,000)------- P.0119 - Fiber & technology at Bassett Creek Park building ---------- P.0120 - Community park building - Bassett Creek ---------- P.0121 - Soccer field - Bassett Creek ---------- P.0122 - Volleyball - Bassett Creek ---------- P.0123 - Small shelter - Bassett Creek (woods) ---------- P.0124 - Basketball - Bassett Creek Park ---------- P.0125 - Parking lot at Bassett Creek building ---------- Schedule of Planned Capital Outlay Park Improvement Fund 28 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,624,069 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 P.0126 - Medium shelter - Valley Place (moved to 2030) ------(200,000)--- P.0127 - Replace play area PIP surfacing - Becker ---(400,000)------ P.0128 - Replace play area structure sun sails - Becker ---(15,000)------ P.0129 - Replace patio sun sails - Becker ---(25,000)------ P.0130 - Replace play area PIP surfacing - FAIR School ----(210,000)----- P.0131 - Play area - Bass Lake (2004) --(225,000)------- P.0132 - Picnic shelter - Forest School Park ---------- P.0133 - Replace play area PIP surfacing - Valley Place & Yunkers ------(60,000)--- P.0134 - Large Picnic Shelter - Welcome --------(750,000)- P.0135 - Medium shelter - Welcome ---------- P.0137 - Play area - Grogan Park (2008) ----(300,000)----- P.0138 - Play area - Crystal Highlands (2007) ----(225,000)----- P.0139 - Replace play area PIP surfacing - FAIR School ---------- Schedule of Planned Capital Outlay Park Improvement Fund 29 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,624,069 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 P.0140 - Parking lot at Welcome Park building --------(350,000)- P.0141 - Field #2 infield - Welcome Park -------(35,000)-- P.0142 - Soccer field - Welcome Park -------(450,000)-- P.0143 - Play area - Skyway Park (2008) -----(225,000)---- P.0144 - Play area - Kentucky Park (2010) ------(225,000)--- P.0145 - Picnic shelter - Skyway Park -----(100,000)---- P.0146 - Hockey rinks - Valley Place Park ------(500,000)--- P.0147 - Fiber & technology at North Lions building ---------- P.0148 - Park building - North Lions ---------- AUTO - 362 - Redevelopment - Woodland Park (425,000)--------- AUTO - 363 - Redevelopment - Cavanagh Park (30,000)(500,000)-------- AUTO - 364 - Softball Field - Valley Place Park (30,000)(300,000)-------- AUTO - 365 - Boardwalk - Hagemeister Pond -(30,000)(250,000)------- Schedule of Planned Capital Outlay Park Improvement Fund 30 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,624,069 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 AUTO - 366 - Court Resurfacing - Becker Park --(25,000)------- AUTO - 367 - Medium Picnic Shelter - Valley Place Park -(150,000)-------- AUTO - 407 - Court Resurfacing - Valley Place Park ---(25,000)------ AUTO - 408 - Play Area - Bassett Creek Park ---------- AUTO - 409 - Basketball - North Lions Park -----(50,000)---- AUTO - 411 - Large Picnic Shelter - Becker Park ---------(750,000) AUTO - 412 - Large Picnic Shelter - North Lions Park -----(750,000)---- AUTO - 414 - Basketball - Skyway -----(35,000)---- AUTO - 415 - Basketball - Kentucky Park ------(35,000)--- AUTO - 416 - Picnic Shelter - Kentucky Park ------(100,000)--- AUTO - 417 - Picnic Shelter - Sunnyview ---------- Total Capital Requirements (1,425,000)(1,430,000)(1,175,000)(565,000)(810,000)(1,735,000)(6,195,000)(560,000)(1,175,000)(750,000) Schedule of Planned Capital Outlay Park Improvement Fund 31 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,624,069 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 Operating Requirements 0420 - Park Improvements 1,125,502 1,271,935 1,437,412 1,624,408 1,835,721 2,074,514 2,344,359 2,649,293 2,993,878 3,383,270 Total Operating Requirements 1,125,502 1,271,935 1,437,412 1,624,408 1,835,721 2,074,514 2,344,359 2,649,293 2,993,878 3,383,270 Additional Requirements Revenues - Interest on Investments 8,799 13,334 11,886 14,629 25,370 35,881 39,635 1,524 22,433 40,846 Total Additional Requirements 8,799 13,334 11,886 14,629 25,370 35,881 39,635 1,524 22,433 40,846 Closing Cash 1,333,370 1,188,639 1,462,937 2,536,974 3,588,065 3,963,460 152,454 2,243,271 4,084,582 6,758,698 Schedule of Planned Capital Outlay Park Improvement Fund 32 6.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,271,332 1,337,828 2,946,455 3,643,911 4,691,054 5,935,537 4,605,477 6,509,529 8,991,989 11,923,345 Capital Requirements S.0055 - 6235 -Gate valve and hydrant replacement (75,000)(30,000)(75,000)(30,000)(75,000)----- S.0320 - SENSUS Radios (350,000)(350,000)(350,000)(350,000)------ P.0017 - 42nd Ave water main replacement ----(200,000)(3,000,000)---- P.0018 - 2030 commercial meter replacement ----(200,000)----- P.0019 - 2031 commercial meter replacement -----(200,000)---- P.0020 - 2032 commercial meter replacement ------(200,000)--- P.0021 - 2033 commercial meter replacement -------(200,000)-- P.0022 - 2034 commercial meter replacement --------(200,000)- P.0023 - 2031 gate valve and hydrant replacement -----(75,000)---- Budget Year Continuity Schedule Name Fund Description 2026 Water Fund 505 - Water Utility Schedule of Planned Capital Outlay 33 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,271,332 1,337,828 2,946,455 3,643,911 4,691,054 5,935,537 4,605,477 6,509,529 8,991,989 11,923,345 P.0024 - 2032 gate valve and hydrant replacement ------(75,000)--- P.0001M - 2026 utility reconstruction (1,500,000)--------- P.0003M-A - 2027 utility reconstruction -(1,600,000)-------- P.0004M-A - 2028 utility reconstruction --(1,750,000)------- P.0005M-A - 2029 utility reconstruction ---(1,850,000)------ P.0008M-A - 2030 utility reconstruction ----(2,000,000)----- P.0012M-A - 2031 utility reconstruction -----(2,000,000)---- P.0014M-A - 2032 utility reconstruction ------(2,200,000)--- P.0015M-A - 2033 utility reconstruction -------(2,200,000)-- P.0016M-A - 2034 utility reconstruction --------(2,300,000)- AUTO - 368 - 2035 Utility Reconstruction ---------(2,300,000) Total Capital Requirements (1,925,000)(1,980,000)(2,175,000)(2,230,000)(2,475,000)(5,275,000)(2,475,000)(2,400,000)(2,500,000)(2,300,000) Operating Requirements 0090 - Water 1,884,765 3,175,249 2,492,950 2,840,556 3,222,265 3,635,104 4,082,324 4,566,484 5,090,326 5,656,788 Total Operating Requirements 1,884,765 3,175,249 2,492,950 2,840,556 3,222,265 3,635,104 4,082,324 4,566,484 5,090,326 5,656,788 Schedule of Planned Capital Outlay Water Fund 34 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,271,332 1,337,828 2,946,455 3,643,911 4,691,054 5,935,537 4,605,477 6,509,529 8,991,989 11,923,345 Additional Requirements Other - Building Fund Advance - ISF -150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 Other - Building Fund Advance - PS Bldg 100,000 250,000 150,000 200,000 200,000 ----- Other - IT Fund Advance --50,000 50,000 100,000 100,000 100,000 100,000 100,000 100,000 Revenues - Interest on Investments 6,731 13,378 29,506 36,587 47,218 59,836 46,728 65,976 91,030 120,591 Total Additional Requirements 106,731 413,378 379,506 436,587 497,218 309,836 296,728 315,976 341,030 370,591 Closing Cash 1,337,828 2,946,455 3,643,911 4,691,054 5,935,537 4,605,477 6,509,529 8,991,989 11,923,345 15,650,724 Schedule of Planned Capital Outlay Water Fund 35 6.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 404,330 186,002 229,731 350,094 168,320 305,721 581,874 868,948 1,439,407 2,120,112 Capital Requirements S.0202 - Sanitary sewer lining ---(100,000)-(100,000)(150,000)(150,000)(150,000)- S.3893 - South lift station roof replacement -(100,000)-------- S.3898 - East lift generator replacement (200,000)--------- P.0104 - 42nd Ave sanitary sewer replacement ---(400,000)------ P.0001M - 2026 utility reconstruction (600,000)--------- P.0003M-A - 2027 utility reconstruction -(600,000)-------- P.0004M-A - 2028 utility reconstruction --(800,000)------- P.0005M-A - 2029 utility reconstruction ---(800,000)------ P.0008M-A - 2030 utility reconstruction ----(1,200,000)----- P.0012M-A - 2031 utility reconstruction -----(1,200,000)---- P.0014M-A - 2032 utility reconstruction ------(1,400,000)--- Budget Year Continuity Schedule Name Fund Description 2026 Sewer Fund 510 - Sewer Utility Schedule of Planned Capital Outlay 36 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 404,330 186,002 229,731 350,094 168,320 305,721 581,874 868,948 1,439,407 2,120,112 P.0015M-A - 2033 utility reconstruction -------(1,400,000)-- P.0016M-A - 2034 utility reconstruction --------(1,600,000)- AUTO - 368 - 2035 Utility Reconstruction ---------(1,600,000) Total Capital Requirements (800,000)(700,000)(800,000)(1,300,000)(1,200,000)(1,300,000)(1,550,000)(1,550,000)(1,750,000)(1,600,000) Operating Requirements 0092 - Sewer 581,672 742,369 920,025 1,116,575 1,335,411 1,572,614 1,830,584 2,110,887 2,415,202 2,745,329 Total Operating Requirements 581,672 742,369 920,025 1,116,575 1,335,411 1,572,614 1,830,584 2,110,887 2,415,202 2,745,329 Additional Requirements Revenues - Interest on Investments -1,360 338 1,650 1,990 3,538 6,491 9,571 15,503 22,560 Total Additional Requirements -1,360 338 1,650 1,990 3,538 6,491 9,571 15,503 22,560 Closing Cash 186,002 229,731 350,094 168,320 305,721 581,874 868,948 1,439,407 2,120,112 3,288,001 Schedule of Planned Capital Outlay Sewer Fund 37 6.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 542,193 1,123,858 1,377,459 2,239,841 1,300,368 955,747 473,456 9,178 844,541 1,716,093 Capital Requirements S.0145 - Rate control, water quality, structure rehab projects (150,000)-(150,000)-(150,000)-(150,000)--- P.0002 - Pond dredging - Killmer Pond -(750,000)-------- P.0007 - Storm pipe rehabilitation ----(420,000)----- P.0009 - Pond dredging - location to be determined ----(1,000,000)----- P.0010 - Bassett Creek Park streambank stabilization and 29th culvert replacement (3) -----(750,000)---- P.0011 - Bassett Creek Park pond dredging -----(2,750,000)---- P.0013 - Saving for flood control structure replacement ------(1,600,000)--- P.0006 - Bass Lake Road storm water pipe ---(2,000,000)------ Budget Year Continuity Schedule Name Fund Description 2026 Storm Drainage Fund 515 - Storm Drainage Utility Schedule of Planned Capital Outlay 38 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 542,193 1,123,858 1,377,459 2,239,841 1,300,368 955,747 473,456 9,178 844,541 1,716,093 P.0001M - 2026 utility reconstruction (50,000)--------- P.0003M-A - 2027 utility reconstruction -(70,000)-------- P.0004M-A - 2028 utility reconstruction --(100,000)------- P.0005M-A - 2029 utility reconstruction ---(100,000)------ P.0008M-A - 2030 utility reconstruction ----(120,000)----- P.0012M-A - 2031 utility reconstruction -----(120,000)---- P.0014M-A - 2032 utility reconstruction ------(140,000)--- P.0015M-A - 2033 utility reconstruction -------(140,000)-- P.0016M-A - 2034 utility reconstruction --------(160,000)- AUTO - 368 - 2035 Utility Reconstruction ---------(160,000) Total Capital Requirements (200,000)(820,000)(250,000)(2,100,000)(1,690,000)(3,620,000)(1,890,000)(140,000)(160,000)(160,000) Operating Requirements 0094 - Storm Drainage 678,258 712,362 748,581 788,029 832,170 2,377,831 925,540 975,362 1,027,368 1,081,624 Total Operating Requirements 678,258 712,362 748,581 788,029 832,170 2,377,831 925,540 975,362 1,027,368 1,081,624 Additional Requirements Other - Building Fund Advance 100,000 350,000 350,000 350,000 500,000 750,000 500,000 --- Schedule of Planned Capital Outlay Storm Drainage Fund 39 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 542,193 1,123,858 1,377,459 2,239,841 1,300,368 955,747 473,456 9,178 844,541 1,716,093 Revenues - Interest on Investments 3,407 11,239 13,802 22,497 13,209 9,878 182 1 4,184 13,067 Total Additional Requirements 103,407 361,239 363,802 372,497 513,209 759,878 500,182 1 4,184 13,067 Closing Cash 1,123,858 1,377,459 2,239,841 1,300,368 955,747 473,456 9,178 844,541 1,716,093 2,650,783 Schedule of Planned Capital Outlay Storm Drainage Fund 40 6.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,060,718 1,094,709 1,140,100 1,198,698 1,271,777 360,715 434,995 527,898 641,145 776,588 Capital Requirements S.0148 - HPS to LED conversion (27,000)(28,000)(28,000)(28,000)(28,000)(50,000)(50,000)(50,000)(50,000)- 096-0001 - Undergrounding W. Broadway and Douglas ----(1,000,000)----- Total Capital Requirements (27,000)(28,000)(28,000)(28,000)(1,028,000)(50,000)(50,000)(50,000)(50,000)- Operating Requirements 0096 - Street Lights 50,755 62,444 75,196 89,092 104,220 120,673 138,553 157,968 179,032 201,872 Total Operating Requirements 50,755 62,444 75,196 89,092 104,220 120,673 138,553 157,968 179,032 201,872 Additional Requirements Revenues - Interest on Investments 10,236 10,947 11,402 11,986 12,718 3,607 4,350 5,280 6,410 7,766 Total Additional Requirements 10,236 10,947 11,402 11,986 12,718 3,607 4,350 5,280 6,410 7,766 Closing Cash 1,094,709 1,140,100 1,198,698 1,271,777 360,715 434,995 527,898 641,145 776,588 986,226 Budget Year Continuity Schedule Name Fund Description 2026 Street Lights Fund 520 - Street Lights Utility Schedule of Planned Capital Outlay 41 6.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 Capital Requirements F.0314 - 2012 International SA -(313,500)-------- F.0364 - SPH-1.3 pre- mix heater hot box/patching ----(70,800)----- F.0335 - Bobcat T650 T4 compact truck loader --(109,000)------- F.0340 - Tenco TCS- 172A-LMM Snow Blower ---(249,700)------ F.0337 - Mauldin asphalt paver ---(340,500)------ F.0042 - Engineering #42 (50,000)--------- F.0453 - Power Prime 6" trash pump (79,000)--------- F.0115 - GMC 1 ton Sierra 3500 (gray) (62,000)--------- F.0433-1 - John Deere 190D excavator (420,000)--------- F.0123 - Toro Grounds Master --(92,650)------- Budget Year Continuity Schedule Name Fund Description 2026 Fleet Fund 615 - Fleet Schedule of Planned Capital Outlay 42 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0433-3 - Empire excavator grapple for #433 (16,000)--------- F.0433-4 - Allied hydraulic hammer for #433 (58,000)--------- F.0117 - Case 321FHS wheel loader (135,000)--------- F.0127 - Toro Grounds Master 5910 (cab, leaf kit, road lights) (150,000)--------- F.0111 - Chevy Silverado K2500 pick up (blue) utility box -(104,500)-------- F.0342 - TowMaster T-10DT trailer -(13,585)-------- F.0450-1 - Caterpillar 930K wheel loader (no title) and 12' plow --(348,800)------- F.0120 - JD Gator 5710M w/ ballfield drag & sun cab -(22,990)-------- F.0124 - 2018 Toro GM4000-D mower -(94,050)-------- F.0426 - freightliner w/ vactor jet rodder unit -(877,800)-------- F.0449 - Chevy Silverado K2500 (white) --(92,650)------- F.0450-2 - 2 - 12' plow $ ACS adapter for #450 -(20,900)-------- Schedule of Planned Capital Outlay Fleet Fund 43 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0462 - Elign Pelican NP sweeper (320,000)--------- F.0316 - Chevy 1 ton Silverado 3500 4x4 (white) --(103,550)------- F.0306 - GMC Sierra 1500 ext cab 1/2 ton (blue) ---(56,750)------ F.0428 - Chevy 1 ton Silverado 3500 4x4 (white) ---------- F.0332 - Wacker WP1550AW plate tamper ---(7,945)------ F.0334 - Bobcat skid loader model A770 IT4 --(119,900)------- F.0104 - Dodge Ram ---------- F.0312 - International 7400 4x2 truck w/ dump box, plow, & sander ---------- F.0351 - Rayco brush chipper ---(62,425)------ F.0027 - 2019 Ford Fusion --------(47,600)- F.0057 - 2019 Ford Fusion ---------- F.0427 - GMC 1 ton Sierra 3500 4x4 double cab (white) ---(113,500)------ F.0432 - Chevy Silverado ------(127,000)--- Schedule of Planned Capital Outlay Fleet Fund 44 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0145 - Toro Workman MDX w/ ballfield groomer ---------(25,290) F.0390 - Veritec salt brine system/generator ----(106,200)----- F.0101 - GMC Sierra 3500 4wd (white) w/ v-plow ----(118,000)----- F.0113 - Chevy Silverado 3500 4x4 w/ crystell dump body & hoist ----(94,400)----- F.0153 - Land Prdie 72" Over Seeder ----(29,500)----- F.0305 - Dodge Ram 5500 4x4 bucket truck w/ dura-lift (white) ----(318,600)----- F.0339 - Hook tack tank sprayer ---------- F.0347 - TowMaster 10,000 LB trailer (skidsteer, 3 TN roller) ----(17,700)----- F.0350 - tennant MS20GLP floor sweeper ----(64,900)----- F.0130 - ExMark z turn/vac -----(26,950)---- F.0336 - Cimline crack/joint sealer Magma 150 -----(91,875)---- F.0447 - freightliner 114SD w/ plow, wing, sander, controls --(337,900)------- Schedule of Planned Capital Outlay Fleet Fund 45 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0103 - GMC Sierra 2500 4WD (white) -----(67,375)---- F.0152 - Felling FT- 10IT-E00260 trailer -----(30,625)---- F.0159 - Felling FT- 10IT-E trailer -----(30,625)---- F.0301 - Chevy Silverado 2500 (white) -----(91,875)---- F.0311 - Mack SA dump truck w/plow wing -----(367,500)---- F.0346 - TowMaster T-20T trailer -----(15,925)---- F.0365 - Cimline asphalt crak router PCR30 (20,000)--------- F.0105 - Ram 5500 4x4 garbage box (white) ------(190,500)--- F.0131 - Aluma utility trailer ------(10,160)--- F.0144 - Toro Z Master ------(38,100)--- F.0317 - Doge Ram 5500 4x4 (white) ------(101,600)--- F.0464 - Elgin Regen X sweeper on Freightliner chassis ---------- F.0004 - 72" rotary mower 34GPM ------(31,750)--- F.0050 - Chevy Equinox ---------- Schedule of Planned Capital Outlay Fleet Fund 46 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0300 - Trackless sidewalk machine ------(342,900)--- F.0303 - MTV Trackless ---(306,450)------ F.0121 - John Deere tractor ---------- F.0146 - #146 - Aerator -------(18,410)-- F.0300-1 - Sno-Quip 51" ribbon PTO blower for #300 -------(26,300)-- F.0329 - #329 - 624K John Deere 4WD loader w plow -------(381,350)-- F.0338 - #338 - Bobcat B950 hydraylic breaker attachment -------(13,150)-- F.0320 - Chevy 1 ton Silverado 3500 4X4 (white) ---------- F.0319 - Trackless sidewalk machine ---------(379,350) F.0428-1 - Chevy skid loader model A770 IT4 ---------- AUTO - 360 - Vehicle for new inspector (30,000)--------- F.0107 - 2019 Freightliner cab & chassis/w STEPP water system --------(285,600)- AUTO-001 - #116 - John Deere utility tractor/attachment ----(82,600)----- Schedule of Planned Capital Outlay Fleet Fund 47 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0118 - Bobcat/Toolcat --------(136,000)- F.0125 - GMC Sierra, utility box, air comp --------(115,600)- F.0126 - Sullaire Compressor ---------(77,275) F.0132 - Aluma Trailer Model 8214WB ---------(11,943) F.0158 - TowMaster trailer (Z turn trailer) ---------(21,075) F.0300-2 - Sidewalk MT Trackless 51" Vee plow for #300 -------(10,520)-- F.0303-1 - Sno-Quip 51" ribbon PTO blower for #303 ---(22,700)------ F.0303-2 - Sidewalk MT Trackless 51" Vee plow for #303 ---(9,080)------ F.0303-3 - Broom for #303 -------(19,725)-- F.0304 - Chevy Silverado 2500 -------(98,625)-- F.0308 - Dodge Ram 3500 w/utility box (sign truck) -------(131,500)-- F.0309 - Mack TA dump/plow truck ---------(435,550) F.0315 - Mack TA hook dump truck (white) --------(421,600)- F.0325 - Bomag 1 ton roller --------(68,000)- Schedule of Planned Capital Outlay Fleet Fund 48 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 F.0327 - Changeable message sign trailer VerMAC PCMS-548 ---------(49,175) F.0329-1 - 14-ft snow blade/pusher w/coupler -------(32,875)-- F.0352 - Coats Wheel Balancer ---------(14,050) F.0353 - Coats Tire Changer ---------(21,075) F.0363 - Toyota 5000- lb forklift w/sideshifting positioner ---------(70,250) F.0436 - Landa portable hot water jetter w/trailer ---------(16,860) F.0459 - Aries CCTV Pathfinder Command Ctr (no title) ---------(189,675) F.0459-1 - Bravo covered trailer (for use w/449 pickup) ---------(49,175) Total Capital Requirements (1,340,000)(1,447,325)(1,204,450)(1,169,050)(902,700)(722,750)(842,010)(732,455)(1,074,400)(1,360,743) Operating Requirements 0615 - Fleet 957,620 1,212,677 1,283,037 1,357,620 1,436,677 1,520,477 1,609,306 1,703,464 1,803,272 1,909,069 Total Operating Requirements 957,620 1,212,677 1,283,037 1,357,620 1,436,677 1,520,477 1,609,306 1,703,464 1,803,272 1,909,069 Schedule of Planned Capital Outlay Fleet Fund 49 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,073,755 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 Additional Requirements Revenues - Investment Income 9,486 7,009 4,731 5,564 7,507 12,921 21,027 28,911 38,910 46,588 Total Additional Requirements 9,486 7,009 4,731 5,564 7,507 12,921 21,027 28,911 38,910 46,588 Closing Cash 700,861 473,221 556,540 750,674 1,292,157 2,102,806 2,891,129 3,891,049 4,658,832 5,253,745 Schedule of Planned Capital Outlay Fleet Fund 50 6.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,148,755 378,961 26,643 45,014 63,381 85,616 15,617 64,077 281,236 722,404 Capital Requirements S.0040 - Computer hardware & software ---------- S.0045 - Network printers ---------- S.0301 - Network hardware ---------- S.0302 - Fiber construction & maintenance - DELETE ---------- S.0345 - Robbinsdale SD fiber - potential replacement ---------- S.3894 - Building security & access ---------- S.3895 - ERP upgrade implementation ---------- S.3896 - ERP upgrade project - LOGIS (300,000)--------- S.3897 - VOIP & VM server replacement ---------- AUTO - 361 - Euna Budget Software ---------- AUTO - 419 - Switches (83,120)(35,149)(21,000)(11,028)(87,358)(87,276)(35,149)(21,000)(11,028)(87,358) Budget Year Continuity Schedule Name Fund Description 2026 IT Fund 620 - Information Technology Schedule of Planned Capital Outlay 51 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,148,755 378,961 26,643 45,014 63,381 85,616 15,617 64,077 281,236 722,404 AUTO - 421 - Firewalls (24,000)----(25,200)---- AUTO - 422 - Access Points (2,000)(40,078)-(7,674)(6,300)(9,198)(40,078)-(7,674)(8,253) AUTO - 423 - Fiber (20,000)(21,000)(21,000)(94,500)(40,775)(21,000)(21,000)(21,000)(94,500)(40,775) AUTO - 424 - Access Control Maint & Updates (12,000)(12,600)(12,600)(12,600)(12,600)(12,600)(12,600)(12,600)(12,600)(12,600) AUTO - 425 - Security Reevaluation & Change Project ---(105,000)------ AUTO - 426 - IP Camera Maintenance & Updates (10,000)(73,500)(10,500)(10,500)(10,500)(10,500)(73,500)(10,500)(10,500)(10,500) AUTO - 427 - MFD's (16,500)(18,375)(9,450)-(17,325)(17,325)(18,375)(9,450)-(17,325) AUTO - 428 - Small Printers (3,000)--------- AUTO - 429 - Desktop/Laptops/Tab lets/Monitors (27,000)(40,950)(44,100)(44,100)(39,700)(51,975)(46,725)(39,900)(39,900)(35,700) AUTO - 430 - Miscellaneous (cables, tools, electronics) (5,000)(3,150)(3,150)(3,150)(5,250)(3,150)(4,725)(3,150)(3,150)(5,250) AUTO - 431 - Software ---------- AUTO - 432 - VOIP Phones & Equipment (100,000)----(105,000)---- Total Capital Requirements (602,620)(244,802)(121,800)(288,553)(219,808)(343,224)(252,152)(117,600)(179,353)(217,761) Schedule of Planned Capital Outlay IT Fund 52 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 1,148,755 378,961 26,643 45,014 63,381 85,616 15,617 64,077 281,236 722,404 Operating Requirements 0620 - Information Technology (180,720)41,455 340,171 556,920 592,042 623,225 650,612 684,759 720,470 763,052 Total Operating Requirements (180,720)41,455 340,171 556,920 592,042 623,225 650,612 684,759 720,470 763,052 Additional Requirements Other Financing - Street Fund Advance -(150,000)(150,000)(200,000)(250,000)(250,000)(250,000)(250,000)-- Other Financing - Water Fund Advance --(50,000)(50,000)(100,000)(100,000)(100,000)(100,000)(100,000)(100,000) Revenues ---------- Revenues - Interest on Investments 13,546 1,029 ------51 4,463 Total Additional Requirements 13,546 (148,971)(200,000)(250,000)(350,000)(350,000)(350,000)(350,000)(99,949)(95,537) Closing Cash 378,961 26,643 45,014 63,381 85,616 15,617 64,077 281,236 722,404 1,172,159 Schedule of Planned Capital Outlay IT Fund 53 6.1 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 Capital Requirements S.3907 - Valley Place Park - Parking lot near play area (400,000)--------- P.0025 - Valley Place Park - Replace parking lot west -(400,000)-------- P.0026 - Pool - Replace waterwalk pads, cargo nets, safety pads (60,000)--------- P.0027 - Aquatic Building - Install fiberglass doors in chemical areas (3) (30,000)--------- P.0028 - City Buildings - Replace popcorn ceiling in council chambers ---------- P.0029 - City Buildings - Paint interior (30,000)--------- P.0030 - City Buildings - Upgrade generator (135,000)--------- P.0031 - Community Center - Replace carpet ---(25,000)------ Budget Year Continuity Schedule Name Fund Description 2026 Building Fund 625 - City Buildings Schedule of Planned Capital Outlay 54 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0032 - Community Center - Replace windows --(30,000)------- P.0033 - City Buildings - Replace restroom fixtures (10,000)--------- P.0034 - City Buildings - Replace air handler --(150,000)------- P.0035 - Community Center - Replace Crystal room chairs (30,000)--------- P.0036 - PW Building - Add supplemental boilers to PW building -(300,000)-------- P.0037 - City Buildings - Remove air compressors at city hall (25,000)--------- P.0038 - Community Center - Re-key building ----(100,000)----- P.0039 - Community Center - Divider walls at gym maintenance (10,000)--------- P.0040 - Community Center - Replace refrigerator (double door) -(7,000)-------- P.0041 - Aquatic Building - Replace furnaces (3) (45,000)--------- Schedule of Planned Capital Outlay Building Fund 55 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0042 - Pool - Replace main pumps (2) ----(150,000)----- P.0043 - Becker Park - Replace parking lot ----(400,000)----- P.0044 - Pool - Replace sun sail shade cover --(19,000)------- P.0045 - Valley Place Park - Replace water heater ----(10,000)----- P.0046 - Aquatic Building - Tuck pointing --(15,000)------- P.0047 - City Buildings - Replace/relocate motion sensors for lights --(10,000)------- P.0048 - Community Center - Replace ovens --(18,000)------- P.0049 - Community Center - Replace 6- burner stove --(7,000)------- P.0050 - Fire Department - Replace exterior windows --(200,000)------- P.0051 - Fire Department - Replace roof at north fire station --(100,000)------- Schedule of Planned Capital Outlay Building Fund 56 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0052 - Aquatic Building - Concession Stand single door refrigerator --(8,000)------- P.0053 - Community Center - Replace high efficiency heaters (5 boilers) from 2031 -(75,000)-------- P.0054 - Community Center - Update Minnesota room ---(75,000)------ P.0055 - Community Center - North parking lot improvement ------(975,000)--- P.0056 - Grogan Park - Skate park/picinic area ------(475,000)--- P.0057 - Fire Department - Improve upstairs ventilation ---(40,000)------ P.0058 - Fire Department - Replace exterior doors ---(50,000)------ P.0059 - PW Building - Paint exterior building ---(25,000)------ P.0060 - PW Building - Replace skylights ----(50,000)----- P.0061 - City Buildings - Replace asphalt with concrete in bins ---(50,000)------ Schedule of Planned Capital Outlay Building Fund 57 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0062 - City Buildings - Replace parking lot asphalt ---(50,000)------ P.0063 - PW Building - Service door replacement ---(3,000)------ P.0064 - Valley Place Park - Re-key building ---------- P.0065 - City Buildings - Replace all window treatments ---(50,000)------ P.0066 - Aquatic Building - Concession Stand Double Door Freezer ---(13,000)------ P.0067 - Community Center - Recover Divider Walls - Crystal Room (10,000)--------- P.0068 - PW Building - Re-key building ----(60,000)----- P.0069 - City Buildings - Re-key building ----(50,000)----- P.0070 - City Buildings - Upgrade life safety systems ----(100,000)----- P.0071 - City Buildings - Install building security system ----(50,000)----- Schedule of Planned Capital Outlay Building Fund 58 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0072 - City Buildings - Paint exterior building ----(100,000)----- P.0073 - City Buildings - Re-roof entire building ----(250,000)----- P.0074 - Community Center - Paint interior meeting rooms ---(50,000)------ P.0075 - Community Center - Replace roof ----(225,000)----- P.0076 - Fire Department - ADA restroom upgrades ----(25,000)----- P.0077 - Pool - Replace lounge chairs ----(15,000)----- P.0078 - PW Building - Exterior touch up paint ----(35,000)----- P.0079 - PW Building - Exterior touch up paint ----(25,000)----- P.0080 - Fire Department - Improve downstairs training area ----(50,000)----- P.0081 - Fire Department - Exterior repair ----(125,000)----- P.0082 - Fire Department - Upgrade life safety systems ----(100,000)----- Schedule of Planned Capital Outlay Building Fund 59 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0083 - City Buildings - Replace exterior windows -----(450,000)---- P.0084 - City Buildings - Paint interior -----(30,000)---- P.0085 - Community Center - Replace refrigerator / freezer -----(7,000)---- P.0086 - Community Center - Replace convection oven (2 stacked) -----(12,000)---- P.0087 - Community Center - Replace gym tables -(30,000)-------- P.0088 - Community Center - Replace tables - Valley room & Forest rooms -(20,000)-------- P.0089 - PW Building - Replace pressure washer -----(20,000)---- P.0090 - Fire Department - Install eyewash station at north fire station -----(10,000)---- P.0091 - Fire Department - Install railing on roof by access door at north fire station -----(15,000)---- P.0092 - Fire Department - Replace entry door heater in wall -----(15,000)---- Schedule of Planned Capital Outlay Building Fund 60 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0093 - PW Building - Replace pressure washer -----(20,000)---- P.0094 - Community Center - Replace coffee maker - kitchen ------(5,000)--- P.0095 - Community Center - Replace folding chairs - meeting rooms -(10,000)-------- P.0096 - Community Center - Replace Minnesota room lounge chairs ---(10,000)------ P.0097 - Pool - Paint drop slide/walkway/gel coat waterslide structure ------(90,000)--- P.0098 - Aquatic Building - Paint Doors/Eaves ---------- P.0099 - PW Building - Siding replacement - salt building ------(25,000)--- P.0100 - Community Center - Tuck pointing ------(50,000)--- P.0101 - Community Center - LED Ceiling Light replacement ------(18,000)--- P.0102 - Community Center - Replace chairs and tables - Crystal Room ---------- Schedule of Planned Capital Outlay Building Fund 61 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 P.0103 - Community Center - Replace LVT flooring - Forest & Crystal rooms ------(20,000)--- AUTO - 359 - Work station for new inspector (10,000)--------- AUTO - 405 - Aquatic Center - Mini Split ---------- AUTO - 410 - East Parking Lot - North Lions Park -----(400,000)---- AUTO - 418 - Pool Shade Structures (60,000)--------- Total Capital Requirements (855,000)(842,000)(557,000)(441,000)(1,920,000)(979,000)(1,658,000)--- Operating Requirements 0625 - City Buildings 1,669,829 2,070,018 2,394,220 2,537,873 2,690,145 2,851,554 3,022,647 3,204,006 3,396,246 3,600,021 Total Operating Requirements 1,669,829 2,070,018 2,394,220 2,537,873 2,690,145 2,851,554 3,022,647 3,204,006 3,396,246 3,600,021 Additional Requirements Other Financing - PERF Fund Advance (115,000)(115,000)(100,000)-(150,000)(200,000)(240,000)--- Other Financing - Storm Water Fund Advance (100,000)(350,000)(350,000)(350,000)(500,000)(750,000)(500,000)--- Other Financing - Street Fund Advance (500,000)(500,000)(400,000)(300,000)(500,000)(600,000)(1,300,000)--- Other Financing - Water Fund Advance (100,000)(400,000)(300,000)(350,000)(350,000)(150,000)(150,000)(150,000)(150,000)(150,000) Schedule of Planned Capital Outlay Building Fund 62 6.1 Description 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Opening Cash 2,920,614 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 Revenues - Investment Income 9,235 28,997 27,916 35,068 46,388 39,553 41,674 33,837 64,716 97,824 Total Additional Requirements (805,765)(1,336,003)(1,122,084)(964,932)(1,453,612)(1,660,447)(2,148,326)(116,163)(85,284)(52,176) Closing Cash 2,929,678 2,821,693 3,536,829 4,668,769 3,985,303 4,197,409 3,413,730 6,501,573 9,812,535 13,360,380 Schedule of Planned Capital Outlay Building Fund 63 6.1 THIS PAGE IS LEFT BLANK INTENTIONALLY 64 6.1 Appendix A INTERNAL LOAN SCHEDULE FOR PUBLIC SAFETY FACILITY RENOVATION / CONSTRUCTION 65 6.1 2022 2023 2024 2025 2026 2027 2028 PUBLIC SAFETY FACILITY RENOVATION /CONSTRUCTION Loan from Street Improvement 5,000,000$ -$ -$ -$ -$ -$ -$ PERF 1,170,000 - - - - - - Water 900,000 - - - - - - Storm Water 500,000 - - - - - - 7,570,000 - - - - - - Loan to Building 7,570,000$ -$ -$ -$ -$ -$ -$ 7,570,000 - - - - - - Repayment Street Improvement -$ -$ 200,000$ 700,000$ 500,000$ 500,000$ 400,000$ PERF - - - 250,000 115,000 115,000 100,000 Water - - - - 100,000 250,000 150,000 Storm Water - - - 100,000 100,000 100,000 100,000 - - 200,000 1,050,000 815,000 965,000 750,000 IT FOR CASH FLOW Loan from Water -$ -$ -$ 700,000$ -$ -$ -$ Streets - - - 1,500,000 - - - - - - 2,200,000 - - - Loan to IT -$ -$ -$ 2,200,000$ -$ -$ -$ - - - 2,200,000 - - - Repayment Water -$ -$ -$ -$ -$ -$ 50,000$ Streets - - - - - 150,000 150,000 - - - - - 150,000 200,000 BUILDING FOR CASH FLOW Loan from Water -$ -$ 1,500,000$ -$ -$ -$ Storm Water - - - 2,500,000 - - - - - - 4,000,000 - - - Loan to Building -$ -$ -$ 4,000,000$ -$ -$ -$ - - - 4,000,000 - - - Repayment Water -$ -$ -$ -$ -$ 150,000$ 150,000$ Storm Water - - - - - 250,000 250,000 - - - - - 400,000 400,000 City of Crystal, Minnesota Internal Loan Schedules 66 6.1 2029 2030 2031 2032 2033 2034 2035 -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ -$ - - - - - - - 300,000$ 500,000$ 600,000$ 1,300,000$ -$ -$ -$ - 150,000 200,000 240,000 - - - 200,000 200,000 - - - - - 100,000 - - - - - - 600,000 850,000 800,000 1,540,000 - - - -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ - - - - - - - 50,000$ 100,000$ 100,000$ 100,000$ 100,000$ 100,000$ 100,000$ 200,000 250,000 250,000 250,000 250,000 - - 250,000 350,000 350,000 350,000 350,000 100,000 100,000 -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ - - - - - - - 150,000$ 150,000$ 150,000$ 150,000$ 150,000$ 150,000$ 150,000$ 250,000 500,000 750,000 500,000 - - - 400,000 650,000 900,000 650,000 150,000 150,000 150,000 67 6.1 AGENDA ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL • REGULAR MEETING • TUESDAY, DECEMBER 2, 2025 6:45 P.M. CRYSTAL CITY HALL COUNCIL CHAMBERS 1. Call to order * 2. Roll call * 3. Consider approval of minutes from the November 18, 2025 regular meeting 4. Consider approval of a resolution adopting a 2026 HRA tax levy and EDA budget 5. Consider approval of a contract with Center for Energy and Environment for administration of the Home Improvement Grant Program from July 1, 2026 - June 30, 2027 6. Preview of upcoming EDA items * 7. Property status update * 8. Other business * 9. Adjournment * *Items for which no materials are included in the packet Page 1 of 3 Minutes of the Economic Development Authority of the City of Crystal Regular Meeting Council Chambers 4141 Douglas Dr. N. November 18, 2025 1. Call to Order President Eidbo called the meeting of the Economic Development Authority of the City of Crystal (EDA) to order at 7:47 p.m. 2. Roll Call Upon call of the roll, the following Commissioners were present: John Budziszewski, David Cummings, Julie Deshler, Forest Eidbo, Traci Kamish, Therese Kiser and Taji Onesirosan. The following staff were present: Executive Director Adam Bell, Deputy Executive Director John Sutter, and City Attorney Siobhan Tolar. 3. Approval of Minutes Moved by Commissioner Deshler (Kamish) to approve the minutes from the September 16, 2025 regular meeting. Motion carried. 4. Consider exercising the reverter clause of the purchase and redevelopment agreement for the property at 4741 Welcome Ave. N. Staff presented information about the terms of the development agreement, described the status of the property. and requested action by the EDA board. Emeka Okeakpu, representing the property owner Gernco Construction, addressed the board. EDA action Moved by Commissioner Budziszewski (Kamish) to authorize exercising the reverter clause of the purchase and redevelopment agreement for the property at 4741 Welcome Avenue North. Motion carried. Page 2 of 3 5. Local Affordable Housing Aid Update Staff presented information about Local Affordable Housing Aid which the city has begun to receive from the state. No EDA action 6. Consider developing a purchase offer for the former Big O Tires at 5500 West Broadway. Staff presented information about the property, including the pros and cons of acquisition, followed by EDA discussion. EDA action Moved by Commissioner Eidbo (Budziszewski) to close the meeting in accordance with M.S. 13D.05 Subd. 3(c)(3) to consider developing an offer to purchase real property at 5500 West Broadway. Motion carried. ***CLOSED SESSION*** 8:42 p.m. to 9:02 p.m. EDA action Moved by Commissioner Eidbo (Onesirosan) to open the meeting. Motion carried. 7. Preview of upcoming EDA items Staff informed the EDA that there are no anticipated EDA items at this time. 8. Property Status Update Staff informed the board that the vacant Walgreen’s at 6800 56th Ave. N. is not on the market based on publicly available information. 9. Other Business There was no other business. 10. Adjournment Moved by Commissioner Budziszewski (Kiser) to adjourn the meeting. Motion carried. The meeting adjourned at 9:05 p.m. Page 3 of 3 These minutes of the November 18, 2025 meeting of the Crystal Economic Development Authority were approved by the Authority on ________________ ___, 2025. ______________________________ Forest Eidbo, President ATTEST: ______________________________ Traci Kamish, Secretary Page 1 of 2 EDA STAFF REPORT DATE: November 24, 2025 FROM: John Sutter, Community Development Director TO: Economic Development Authority Executive Director Adam R. Bell RE: Consider approval of a resolution adopting a 2026 HRA tax levy and EDA budget As part of the annual budgeting process, the EDA formally requests a Housing and Redevelopment Authority tax levy which would comprise most of its funding. The adopted 2025 levy was $355,282. Staff is recommending a 2026 levy of $517,987 which is the statutory maximum (0.0185% of the $2,824,641,900 estimated market value of the property in the City). The purpose of the levy increase is to start rebuilding the EDA cash fund balance so the EDA can support projects that implement the anticipated Town Center Vision Plan, Comprehensive Community Vision, and similar efforts to improve Crystal in the coming years. The EDA fund balance was $2,389,000 at the end of 2024. Ten years earlier it was $3,200,000, which would be worth approximately $4,300,000 today. During the period 2016-2020, the fund was used to wholly or partially finance several blight prevention and community improvement projects. These included the CPKC railroad crossing quiet zones on Douglas Drive and West Broadway ($250,000 in 2016-2017), the Bass Lake Road streetscape ($100,000 in 2018-2019) and the reconstruction of Becker Park ($1,000,000 in 2019-2020). With the levy increase, the 2026 budget anticipates a transfer to the fund balance of $134,609. Similar transfers are anticipated in 2027 and 2028. Subsequent fund balance transfers would depend on whether and how the EDA decides to continue the Home Improvement Grant program when TIF funds are exhausted in 2029. Page 2 of 2 Attachments: • Resolution adopting a 2026 HRA tax levy and EDA budget • EDA budget detail EDA ACTION REQUESTED Staff recommends EDA board approval of the attached resolution adopting a 2026 HRA tax levy and EDA budget. ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL, MINNESOTA RESOLUTION NO. 2025-02 RESOLUTION ADOPTING A 2026 BUDGET AND PROPERTY TAX LEVY AND REQUESTING THEIR APPROVAL BY THE CITY COUNCIL WHEREAS, the Economic Development Authority of the City of Crystal (the “EDA”) undertakes redevelopment and housing activities in the City of Crystal, Minnesota (the “City”); and WHEREAS, pursuant to authority granted by Minnesota Statutes, Section 469.02 and the enabling resolution of the EDA, the EDA exercises all of the powers of a housing and redevelopment authority (“HRA”) as described in Minnesota Statues, Section 469.001 to 469.047 (the “Act”); and WHEREAS, under Section 469.033 Subdivision 6 of the Act, an HRA is authorized to levy and collect special benefit taxes on all taxable property under the jurisdiction of the HRA, that is, property in the City; and WHEREAS, the maximum permitted HRA levy is $517,987 which is 0.0185 percent of the estimated market value of the property in the City. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of Crystal as follows: 1. The EDA hereby adopts a 2026 budget for housing and redevelopment in the amount of $590,822. 2. The EDA hereby adopts a 2026 property tax levy of $517,987 for the purpose of funding the adopted budget in conformance with Section 469.033, Subdivision 6 of Minnesota Statutes. 3. The Executive Director is authorized and directed to transmit a certified copy of this Resolution to the City Council of the City of Crystal for its consent and approval as provided by Section 469.033 of the Act and for certification to the Property Tax Manager of Hennepin County. Adopted this 2nd day of December, 2025. ______________________________ Forest Eidbo, President _______________________________ Adam R. Bell, Executive Director Page 1 of 1 EDA STAFF REPORT DATE: November 24, 2025 FROM: John Sutter, Community Development Director TO: Economic Development Authority Executive Director Adam R. Bell RE: Consider approval of a contract with Center for Energy and Environment for administration of the Home Improvement Grant Program from July 1, 2026 - June 30, 2027 The EDA contracts with Center for Energy and Environment (CEE) to administer the home improvement grant program. The current contract ends on June 30, 2026 and the next contract period is July 1, 2026 - June 30, 2027. EDA approval of each contract is sought approx. 6 months before expiration of the current contract so there would be advance warning to homeowners if the EDA chooses to modify or end the program. The program budget would be $354,540 which is consistent with the proposed EDA budgets for 2026 and 2027. Attachments: • Proposed contract • Current home improvement grant flyer • 2024 EDA Annual Report excerpt regarding this program EDA ACTION REQUESTED Staff requests EDA approval of the attached contract with Center for Energy and Environment for July 1, 2026 - June 30, 2027. CONTRACT between ECONOMIC DEVELOPMENT AUTHORITY in and for the CITY OF CRYSTAL and CENTER FOR ENERGY AND ENVIRONMENT #5288 Page 1 HOME IMPROVEMENT PROGRAM ORIGINATION AGREEMENT This HOME IMPROVEMENT PROGRAM ORIGINATION AGREEMENT (“Agreement”), dated this _____ day of _____________________, 20____, is made by and between the ECONOMIC DEVELOPMENT AUTHORITY in and for the City of Crystal, with offices at 4141 Douglas Dr N, Crystal, MN 55422 (“Authority”), and CENTER FOR ENERGY AND ENVIRONMENT, with offices at 212 3rd Avenue North, Suite 560, Minneapolis, Minnesota 55401 (“CEE”). RECITALS A. The Authority has a need for certain professional services and desires to retain CEE to provide said services, all subject to the terms and conditions contained in this Agreement. B. CEE is qualified to provide the desired professional services and desires to provide said services for the Authority, all subject to the terms and conditions contained in this Agreement. NOW, THEREFORE, in consideration of the foregoing and the mutual promises contained in this Agreement, the parties agree as follows: 1. Services/Scope of Work 1.1 CEE shall in conjunction with the Authority develop and deliver the City of Crystal Home Improvement Program (hereinafter the “Program”) and more fully described in Exhibit A1 attached hereto. All activities delivered under the Program shall be coordinated with the Authority’s designated Community Development Director, John Sutter. 1.2 CEE shall assist the Authority staff in marketing the Program. This will include being on the CEE website and creating an information sheet about the loan program. 1.3 The funding source is exclusively from the Authority. 2. Compensation 2.1 The Authority shall compensate CEE for services provided under this agreement according to the schedule in Exhibit B1 attached hereto. The Authority shall compensate CEE only for services completed. 2.2 Upon request, CEE will provide additional marketing services. Hourly rates are inclusive of all overhead expenses and will be charged only for hours directly related to marketing. CEE will be reimbursed by the Authority for any non-labor, out-of-pocket expenses, relating to these services on a dollar-for-dollar basis with no mark-up. CONTRACT between ECONOMIC DEVELOPMENT AUTHORITY in and for the CITY OF CRYSTAL and CENTER FOR ENERGY AND ENVIRONMENT #5288 Page 2 2.3 CEE shall invoice the Authority not more than two times each month. The Authority shall pay CEE within 20 days of receipt of the invoice. 3. CLIENT’s Obligations 3.1 If requested by CEE, the Authority shall make reasonable efforts to respond promptly to requests from CEE for information and approvals regarding the services to be provided under this Agreement. 3.2 If requested by CEE, the Authority shall make reasonable efforts to obtain information and or permission for access from clients which may be necessary for CEE to provide the services under this Agreement. 3.3 The Authority shall provide sufficient funding to fund eligible Authority funded loans. The Authority shall determine the amount of funds allocated to the Program. 3.4 The Authority shall establish eligibility for the Program and shall provide these criteria in writing to CEE prior to commencement of any marketing efforts. 3.5 The Authority shall make reasonable efforts to respond promptly to requests from CEE for information and approvals regarding the services to be provided under this Agreement. 4. CEE’s Obligations 4.1 CEE shall use its best efforts to provide services under this Agreement in a professional manner consistent with the care and skill used by reputable members of CEE’s profession. 4.2 CEE, and all of its employees or agents, shall comply with all statutes, ordinances, rules, regulations and other laws applicable to the provision of services under this Agreement. 4.3 CEE shall secure all permits and licenses required for performance of the services under this Agreement. 4.4 CEE shall not engage in discriminatory employment practices against any employee or applicant for employment and shall in all respects comply with all federal, state and local laws, regulations and orders, including without limitation, Chapter 363 of the Minnesota Statutes, as amended from time to time. Failure to comply with the provisions hereof shall be deemed a material default under this Agreement. 5. Term and Termination CONTRACT between ECONOMIC DEVELOPMENT AUTHORITY in and for the CITY OF CRYSTAL and CENTER FOR ENERGY AND ENVIRONMENT #5288 Page 3 5.1 Unless earlier terminated as provided in the following paragraphs, this Agreement shall become effective on 7/1/2026 and continue through 6/30/2027. 5.2 This Agreement may be terminated by either party, for any reason or no reason, immediately upon written notice to the other party. In the event this Agreement is terminated by CEE prior to the expiration of the term set forth in paragraph 5.1, the Authority shall compensate CEE for all services delivered up the date of termination and CEE shall provide the Authority with such information as the Authority may request regarding the status of the Program. 5.3 Any termination of this Agreement shall not release either party from their respective obligations under sections 7 and 8 of this Agreement. 6. Insurance 6.1 During the term of this Agreement, CEE will obtain and maintain insurance in the amounts listed below: General Liability $2,000,000 Aggregate Limit Automobile Liability $1,000,000 Combined Single Limit Excess Liability $1,000,000 Aggregate Limit Workers Compensation Statutory Limit 7. Liability and Indemnification 7.1 CEE represents that the services to be provided under this Agreement are reasonable in scope and that CEE has the experience and ability to provide the services. 7.2 CEE warrants that any services provided hereunder shall be done in a professional and workmanlike manner. 7.3 CEE shall indemnify, defend and hold harmless Authority and its officers, directors, employees and agents from and against any and all claims, damages, losses, injuries and expenses (including attorneys’ fees and damages for death, personal injury and property damage) which Authority may incur as a result of any act or omission by CEE in providing services under this Agreement. 7.4 Authority shall indemnify, defend and hold harmless CEE and its officers, directors, employees and agents from and against any and all claims, damages, losses, injuries and expenses (including attorneys’ fees and damages for death, personal injury and property damage) which CEE may incur as a result of any act or omission by Authority in discharging its duties under this Agreement. 8. Confidentiality Unless otherwise agreed by Authority in writing, CEE shall maintain in confidence and not disclose to any third party any information obtained regarding the Authority CONTRACT between ECONOMIC DEVELOPMENT AUTHORITY in and for the CITY OF CRYSTAL and CENTER FOR ENERGY AND ENVIRONMENT #5288 Page 4 and/or any of Authority’s clients for which CEE is providing services; provided, however, that this obligation to maintain confidentiality shall not apply to: a) Information in the public domain at the time of disclosure; b) Information which becomes part of the public domain after disclosure through no fault of CEE; or c) Information which CEE can demonstrate was known by it prior to the date of this Agreement. Notwithstanding the foregoing, CEE shall be entitled to disclose the documents or client information covered by this paragraph to governmental authorities to the extent CEE reasonably believes it has a legal obligation to make such disclosures and to the extent CEE reasonably deems to be necessary; provided, however, that if CEE believes that any such disclosure is required by law, it shall provide advance notice to the Authority to provide the Authority with a reasonable opportunity to attempt to obtain an injunction or other protective order preventing such disclosure. 9. Relationship of Parties CEE will provide services as an independent contractor under this Agreement. Neither CEE, nor any of its employees or agents, shall be considered employees of the Authority for any purpose, and neither shall CEE be eligible for any compensation or benefits which the Authority may provide to its employees from time to time. CEE shall be solely responsible for all employment and other taxes applicable to providing services hereunder, and the Authority will not withhold any taxes or contributions from the compensation payable to CEE under this Agreement. 10. Notices All notices, requests, demands and other communications required to be given in writing under this Agreement shall be given to the other party in person or by mail as provided in this section. If delivered personally, notice shall be deemed to have been duly given on the date of delivery. If delivered by mail, such notice shall be sent via first class U.S. mail, postage prepaid, to the address set forth at the beginning of this Agreement or such other address as a party may otherwise request by written notice, and notice shall be deemed duly given three (3) business days after mailing. 11. Assignment This Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, successors and assigns; provided, however, that neither party shall assign or transfer in any manner, this Agreement or any portion hereof without the prior written consent of the other party, and any attempt to assign or transfer without prior written consent shall be void and of no effect. 12. Governing Law CONTRACT between ECONOMIC DEVELOPMENT AUTHORITY in and for the CITY OF CRYSTAL and CENTER FOR ENERGY AND ENVIRONMENT #5288 Page 5 This Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota. 13. Miscellaneous 13.1 Headings and captions used in this Agreement are for convenience only and shall not affect the meaning of this Agreement. 13.2 This Agreement contains the entire agreement of the parties and supersedes all prior agreements, discussions and representations, written or oral, concerning the subject matter hereof. 13.3 No waiver by the Authority of any term or condition of this Agreement or any document referred to herein shall, whether by conduct or otherwise, be construed as a waiver or release of any other term or condition of this Agreement. 13.4 This Agreement may only be amended in a written agreement signed by both parties. 13.5 Except as expressly set forth in section 7, the rights and benefits under this Agreement shall inure solely to the benefit of the Authority and CEE , and this Agreement shall not be construed to give any rights, benefits or causes of action to any third party. 13.6 The invalidity or partial invalidity of any provision of this Agreement shall not invalidate the remaining provisions, and the remainder shall be construed as of the invalidated portion shall have never been a part of this Agreement. 13.7 CEE shall comply with the provisions of Minnesota Statutes Chapter 13 (Government Data Practices) that are applicable to the Authority and shall not disseminate any information concerning loan requests of the borrowers without the prior written approval of the Authority. 13.8 This Agreement may be signed in any number of counterparts, each of which shall be deemed an original and one and the same instrument. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above. CONTRACT between ECONOMIC DEVELOPMENT AUTHORITY in and for the CITY OF CRYSTAL and CENTER FOR ENERGY AND ENVIRONMENT #5288 Page 6 ECONOMIC DEVELOPMENT AUTHORITY In and for the City of Crystal By: ________________________________________ Its: President Forest Eidbo ________________________________________ Its: Executive Director Adam R. Bell Date: ________________________________________ CENTER FOR ENERGY & ENVIRONMENT By: Its: Chief Operating Officer Stephanie Haddad #5288 Date: Tax ID # 41-1647799 Exhibit A1 Page 1 EXHIBIT A1 Crystal Program Guidelines This document includes guidelines for the Home Improvement Program of the Economic Development Authority of the City of Crystal Exhibit A1 Page 2 Crystal Grant Program CRYSTAL PROGRAM GUIDELINES The Crystal Economic Development Authority (Authority) is making funds available for homeowners to assist with home additions, remodeling, maintenance and energy improvements. The Crystal Home Improvement Program is designed to supplement existing loan programs available from MHFA, CEE, private lenders and other housing resources. These programs are not intended to be the sole source of improvement funds available to the homeowners in the City. Center for Energy and Environment shall serve as the administrator for the Crystal Grant Program and will secure the most beneficial financing based on the borrower’s needs independent of the funding source. Eligible Project Expenses: • Interior remodeling • Building additions • Finishing basements, attics or similar spaces to convert them into habitable space • Energy efficiency improvements • Exterior building improvements such as roofing, siding, soffits/fascia, windows and doors • Site improvements such as retaining walls, sidewalks, driveways, fences, patios, decks, garages and the removal of diseased or hazardous trees • Systems such as HVAC, electrical and plumbing • Permanent Landscaping Ineligible Project Expenses: • Payment for work initiated prior to the grant being approved and closed, unless due to emergency. • Recreation or luxury projects (pools, lawn sprinkler systems, playground equipment, saunas, whirlpools, etc.) • Furniture, non‐permanent appliances (unless part of a kitchen remodel), funds for working capital, debt service or refinancing existing debts. • Homeowner labor or other in‐kind contributions to the project. Minimum Project Size: Eligible Project Expenses must total at least $4,000 to qualify for a grant. Grant Amount: 20% of Eligible Project Expenses, except as noted below: • Exception: For projects replacing or lining a sanitary sewer service and/or disconnecting stormwater drainage (sump connections, foundation drains, etc.) from the sanitary sewer, the grant amount is 40% of those particular, itemized project costs not covered by any other grant program. This is intended to augment the city's efforts to reduce inflow & infiltration into the sanitary sewer system. In many cases this work will be triggered by, and completed in conjunction with, the city's utility reconstruction projects (typically 1‐4 blocks per year). However, any income‐qualified, owner‐occupied residential property in the city is eligible. No property may receive grants totaling more than $8,000 in any calendar year. Exhibit A1 Page 3 Eligible Properties: 1‐4 unit owner‐occupied properties located within the geographical boundaries of the City of Crystal. Properties held in a Trust, Townhomes and Condominiums are eligible, subject to Association Bylaws. Properties may be held in a Contract for Deed. If the property has more than 1 unit, the non‐owner‐occupied units must be in compliance with the City of Crystal’s rental licensing requirements. Ineligible Properties: Dwellings with more than 4 units, cooperatives, manufactured homes, time shares, properties used for commercial purposes and non‐owner occupied properties. Eligible Recipients: All recipients must be legal residents of the United States, as evidenced by a social security number, Including: U.S. Citizens, Permanent Resident Aliens, and Non‐Permanent Resident Aliens. TAX IDENTIFICATION NUMBERS (ITIN) ARE NOT ACCEPTABLE. Ineligible Recipients: Including but not limited to: ‐ Businesses, Foreign Nationals, Non‐Occupant Co‐ Borrowers, and Properties held in the name of a trust. Income Limit: The property owner’s household income, including all persons living with the property owner regardless of familial or relationship status, shall not exceed the following maximum household income thresholds using HUD Regional Median Income based on household size: • 90% of regional median income for 1-person households • 100% of regional median income for households of 2 or more persons Income will be determined by the adjusted gross income on the most recent Federal Tax Return. If a tax return is not required, income will be determined by the projected gross income for the upcoming 12 months. Credit Requirements: 1) All mortgage payments must be current, 2) All real estate taxes must be current, and 3) No defaulted government loans, tax liens or child support. Bids: Two estimates are required. Only 1 materials list is required for sweat equity projects. All contractors must be properly licensed Sweat Equity / Homeowner Labor: Work may be performed by property owners on a “sweat equity” basis, but only the purchase of materials and rental of tools or equipment will be considered an Eligible Project Expense. Recipient Paid Fees: None Deadline for Work Completion: All work must be completed within 120 days of the grant closing. Extensions may be granted by CEE due to weather or similar factors. Exhibit A1 Page 4 General Program Conditions Application Processing: Grants will be distributed on a first come first serve basis as recipients qualify. Applicants must provide a completed application package including the following in order to be considered for funding.  Completed and signed application form  Proof of income  Proof of Identity (drivers license, passport, etc.)  Bids or estimates for proposed projects  Other miscellaneous documents that may be required. Program Costs: Grant origination fees, grants and post‐installation inspection fees will be paid out of the Program Budget. Program marketing efforts will be billed directly to the City of Crystal and is a separate expense should the city choose to commission CEE for marketing support. Total Project Cost: It is the recipient’s responsibility to obtain the amount of funds necessary to finance the entire cost of the work. In the event the final cost exceeds the original amount, the recipient must obtain the additional funds and provide verification of the additional funds in order to proceed. Disbursement Process: Grant: Payment to the contractor (or owner in sweat equity situations) will be made upon completion of work. An inspection will be performed by a City Inspector and/or CEE to verify the completion of the work. The following items must be received prior to final disbursement of funds: • Final invoice or proposal from contractor (or materials list from supplier); • Final inspection verification by a City Inspector ; • Completion certificate(s) signed by borrower and contractor; • Lien waiver for entire cost of work; • Evidence of city permit (if required) or confirmation of post‐installation inspection by city (if no permit is required). EXHIBIT B1 Crystal Program Budget July 1, 2026 ‐ June 30, 2027 Crystal Grant Budget Allocation (includes Grants plus Annual Administration Fee, Post‐ Installation Inspection Fees and Grant Origination Fees): $354,540 TOTAL PROGRAM BUDGET: $354,540 Budget Notes: 1. CEE shall submit monthly invoices for grants, origination fees and post‐ installation inspections for that period. 2. Services performed by CEE will initially be funded from the Total Program Budget as stated above and paid in accordance with the following schedule. (1) Annual Administration Fee $5,000 (due July 1st of each year the contract is active) (2) Origination Fee: Grant $500 per grant closed 3. Marketing Marketing efforts outside of CEE’s website and grant information are not included in the administrative budget. Hourly rates are inclusive of all overhead expenses and will be charged only for hours directly related to the labor of all additional program marketing. CEE will also be reimbursed by City of Crystal for any non‐labor, out‐of‐pocket expenses relating to these services on a dollar‐for‐dollar basis. Exhibit B1 Home Improvement Assistance Apply online at application.mncee.org Home Improvement Grants Deferred Loans County at 612-543-4182 or rehab@hennepin.us Apply online at Healthyhomes.hennepin.us Deferred, no-interest home rehab loans to homeowners up to 80% of metro area median income: Number of People in the Household Maximum Household Income 1 $66,300 2 $75,750 3 $85,200 4 $94,650 5 $102,250 6 $109,800 7 $117,400 8 $124,950 • The loan term is 15 years and repayment is deferred while the recipient conƟ nues to own and occupy the property. •If the recipient ceases to own and occupy the property at any Ɵ me during the 15-year term, then the loan must be repaid in full. For more info, contact Hennepin Home improvement Grants are funded by the Crystal Economic Development Authority and administered by the Center for Energy and Environment. • The property must be owner occupied. • Maximum household income: Deferred loans use federal funds and are administered by Hennepin County. • The eligible costs must total at least $4,000. •The grant is 20%* of eligible costs. *40% for some sewer projects. •A property may not receive grants totaling more than $8,000 per year. •The applicaƟ on must be submiƩ ed and approved before starƟ ng your project. • The grant is paid aŌ er the project is completed. For more info, contact Center for Energy & Environment at 612-335-5884 or visit mncee.org/Crystal Number of People in the Household Maximum Household Income 1 $83,450 2 $106,000 3 $119,200 4 $132,400 5 $143,000 6 $153,600 7 $164,200 8 $174,800 85 grants in 2024 96 in 2023 $3,094 average grant in 2024 $2,864 in 2023 $15,470 average project in 2024 $14,320 in 2023 $262,992 spent on grants in 2024 $274,978 in 2023 $50,926 spent on admin in 2024, 16.2% of total expenditures $53,997 in 2023, 16.4% of total exp. $313,918 total expenditures in 2024 $328,975 in 2023 Home Improvement Grants