[0:11] >> GOOD AFTERNOON. MY NAME IS [0:13] AISHA CHUGHTAI AND I'M THE CHAIR [0:14] OF THE BUDGET COMMITTEE. I'M [0:15] GOING TO CALL TO ORDER OUR [0:18] MEETING FOR MONDAY, NOVEMBER 17, [0:21] 2025. BEFORE WE BEGIN THE [0:22] MEETING, I WANLT TO OFFER A [0:25] FRIENDLY REMINDER TO ALL [0:26] MEMBERS, STAFF AND THE PUBLIC [0:27] THAT THESE MEETINGS ARE [0:29] BROADCAST LIVE TO ENABLE GREATER [0:32] PUBLIC PARTICIPATION. THESE [0:34] BROADCASTS INCLUDE REAL-TIME [0:35] CAPTIONING AS A FURTHER METHOD [0:36] TO INCREASE THE ACCESSIBILITY OF [0:37] OUR PROCEEDINGS TO THE [0:39] COMMUNITY. THEREFORE, ALL [0:40] SPEAKERS NEED TO BE MINDFUL OF [0:42] THE RATE OF THEIR SPEECH SO THAT [0:43] OUR CAPTIONERS CAN FULLY CAPTURE [0:46] AND TRANSCRIBE ALL COMMENTS FOR [0:47] THE BROADCAST. WE ASK ALL [0:49] SPEAKERS TO MODERATE THE SPEED [0:51] AND CLARITY OF THEIR COMMENTS. [0:55] AT THIS I'M I'LL ASK THE CLERK [0:57] TO CALL THE ROLL. [0:58] >> COUNCIL MEMBER PAYNE. [1:00] >> PRESENT. [1:01] >> WONSLEY IS ABSENT. RAINVILLE. [1:04] >> PRESENT. [1:06] >> VETAW. [1:07] >> PRESENT. [1:07] >> ELLISON IS ABSENT. OSMAN. [1:11] >> PRESENT. [1:12] >> CASHMAN. [1:13] >> PRESENT. [1:13] >> JENKINS IS ABSENT. CHAVEZ. [1:17] >> PRESENT. [1:18] >> CHOWDHURY. [1:19] >> PRESENT. [1:20] >> PALMISANO. [1:21] >> PRESENT. [1:21] >> VICE CHAIR KOSKI. [1:23] >> PRESENT. [1:24] >> AND CHAIR CHUGHTAI. [1:26] >> PRESENT. [1:26] >> THAT IS 10 MEMBERS PRESENT. [1:28] >> LET THE RECORD REFLECT THAT [1:30] WE HAVE A QUORUM. I'LL ALSO [1:33] REMIND MY COLLEAGUES THAT WE'LL [1:35] BE USING SPEAKER MANAGEMENT [1:36] TODAY, SO PLEASE MAKE SURE TO [1:37] SIGN IN. WE HAVE ONE ITEM ON OUR [1:41] AGENDA TODAY WHICH IS THE [1:50] 20-YEAR NEIGHBORHOOD PARK PLAN [1:53] GUARANTEED MINIMUM ANNUAL [1:57] AMOUNTS. [1:57] >> MY NAME IS LIAM O'BRIEN. [2:02] TODAY I'LL PRESENT A PROPOSED [2:05] ADJUSTMENT TO THE 20-YEAR [2:05] NEIGHBORHOOD PARK PLAN [2:06] ORDINANCE. THIS WILL BE A BRIEF [2:08] PRESENTATION WHERE I'LL PROVIDE [2:10] AN OVERVIEW OF THE ORDINANCE, [2:12] EXPLAIN THE KEY TECHNICAL [2:15] DETAILS, DESCRIBE A [2:17] COLLABORATIVE PROCESS, AND [2:19] OUTLINE THE ORDINANCE DRIVEN [2:20] TIMELINE FOR THIS RESOLUTION. IN [2:25] 2016 THROUGH CHAPTER 16 ARTICLE [2:26] 14 OF THE MUNICIPAL CODE, THE [2:29] CITY ESTABLISHED GUARANTEED [2:33] MINIMUM ALLOCATION TO ADDRESS [2:35] GAPS IN NEIGHBORHOOD PARKS AND [2:36] CONSTRUCTION OVER A 20-YEAR [2:38] PERIOD. COLLABORATE EVERY FIVE [2:40] YEARS TO REVIEW AND ADJUST THESE [2:42] FUNDING AMOUNTS USING A MUTUALLY [2:45] AGREED UPON OBJECTIVE MEASURE OF [2:48] INFLATION. THE FIRST SUCH [2:49] ADJUSTMENT OCCURRED ON [2:52] DECEMBER 15, 2021, WHEN THE CITY [2:54] AND THE PARK BOARD APPROVED -- [2:55] FOR CONTEXT, THE ORDINANCE [2:58] ORIGINALLY REQUIRED THE CITY TO [3:01] CONTRIBUTE $10.5 MILLION [3:02] ANNUALLY. THIS WAS DONE FROM [3:04] 2016 TO 2020. DUE TO THE [3:06] INFLATIONARY ADJUSTMENT AGREED [3:08] TO IN 2021, THE ANNUAL FUNDING [3:11] PROVIDED HAS RISEN TO [3:14] $13.1 MILLION TO 2026. LOOKING [3:16] AHEAD, THE CITY AND PARK BOARD [3:18] HAVE AGREED TO AN INCREASE FROM [3:21] 2027 TO 2031. BASED ON THIS [3:25] RATE, THE $13.1 MILLION BUDGETED [3:29] IS PROJECTED TO GROW. WHICH WE [3:31] ARE PLANNING TO COVER THROUGH [3:32] INCREASED CAPITAL BONDING. I [3:34] WANT TO HIGHLIGHT THIS [3:35] INFLATIONARY INCREASE IS NOT [3:38] INTENDED TO -- ACCOUNT FOR [3:41] CONSTRUCTION INFLATION COSTS [3:41] ASSOCIATED WITH PLANNED [3:42] PROJECTS, AND TO ENSURE THE [3:44] EFFECTIVENESS OF THE FUNDING [3:45] THAT WE ALLOCATE. TO IMPLEMENT [3:47] THIS ADJUSTMENT, BOTH THE CITY [3:50] AND PARK BOARD MUST ADOPT -- AND [3:52] THE RESULTING FUNDING INCREASE. [3:54] IT'S IMPORTANT TO NOTE THAT THIS [3:58] RESOLUTION DOES NOT PROGRAM [4:00] APPROPRIATE FUNDING AT THIS [4:03] TIME. ONCE APPROVED, CITY STAFF [4:05] WILL COORDINATE WITH THE PARK [4:07] BOARD TO INCORPORATE THIS [4:08] INCREASE BEGINNING IN 2027. [4:12] I'LL TAKE A MOMENT TO SUMMARIZE [4:15] THE COLLABORATIVE WORK COMPLETED [4:16] SO FAR. IN THE SPRING, THE PARK [4:23] BOARD SUBMITTED A LETTER [4:29] REQUESTING A 4% -- AFTER [4:30] REVIEWING THE LETTER, THE BUDGET [4:33] OFFICE CONDUCTED ITS OWN [4:34] ANALYSIS FOR COMPARISON. WE [4:36] EXAMINED A BROAD SET COST [4:38] INDICES FOCUSED -- THIS GAVE US [4:43] A CLEAR VIEW OF BOTH CURRENT AND [4:47] HISTORICAL TRENDS AND CALCULATED [4:48] INCREASES FROM 2023 TO 2025. OUR [4:53] ANALYSIS -- TWIN CITIES COSTS [4:58] INCREASED 3.4%. WE ALSO [5:02] CONSIDERED INPUT FROM OTHER [5:03] CAPITAL DEPARTMENTS. REVIEWED [5:09] EXISTING CAPITAL COST ESTIMATE [5:10] STRATEGIES, WHICH TYPICALLY USE [5:14] A 3% ANNUAL FOR CAPITAL [5:17] DEVELOPMENT. HOWEVER, GIVEN [5:19] CURRENT ECONOMIC CONDITIONS, 4% [5:21] ANNUAL INCREASE IS REASONABLE [5:22] AND APPROPRIATE INFLATION [5:23] ESCALATOR. THE CITY OF [5:31] MINNEAPOLIS PARK AND RECREATION [5:35] BOARD -- GUARANTEED MINIMUM [5:38] ANNUAL ALLOCATIONS BY [5:40] DECEMBER 15TH OF THIS YEAR TO [5:42] ALIGN WITH THE TIMELINE OUTLINED [5:45] IN THE ORDINANCE. THE PARK BOARD [5:47] APPROVED THE RESOLUTION. IF THE [5:50] CITY'S RESOLUTION IS APPROVED [5:53] TODAY, VOTE ON THE ADOPTION ON [5:55] NOVEMBER 20TH, 2025. WELL AHEAD [5:57] OF THE ORDINANCE DRIVEN [5:57] TIMELINE. THAT CONCLUDES OUR [6:01] PRESENTATION. I WILL NOW STAND [6:04] FOR QUESTIONS. [6:04] >> THANK YOU FOR THAT [6:06] PRESENTATION, MR. O'BRIEN. [6:08] COLLEAGUES, ARE THERE ANY [6:09] QUESTIONS OR DISCUSSION? COUNCIL [6:17] MEMBER VETAW. [6:18] >> THANK YOU, CHAIR. I JUST [6:19] WANTED TO QUICKLY SAY THANKS TO [6:21] EVERYONE FOR THIS. I KNOW THE [6:24] PARK BOARD IS LOOKING FORWARD TO [6:25] US PASSING THIS. THIS IS A [6:27] ROUTINE THING AND IT'S REALLY [6:29] ABOUT INFLATION AND HOW WE MOVE [6:30] FORWARD IN OUR RELATIONSHIP WITH [6:33] PARKS. AND I'VE ALWAYS BEEN [6:34] GRATEFUL FOR THE NEIGHBORHOOD [6:35] PARKS PLAN. SO LOOKING FORWARD [6:37] TO US ALL VOTING ON THIS. THANK [6:41] YOU. [6:41] >> WONDERFUL. THANK YOU, COUNCIL [6:42] MEMBER. I AM NOT SEEING ANY [6:45] FURTHER DISCUSSION, SO I'LL MOVE [6:46] APPROVAL OF THIS ITEM. DO I HAVE [6:48] A SECOND? [6:49] >> SECOND. [6:50] >> ALL THOSE IN FAVOR SIGNIFY BY [6:54] SAYING AYE. [6:54] >> AYE. [6:54] >> OPPOSED SAY NAY. ANY [6:57] ABSTENTIONS? THE AYES HAVE IT [6:58] AND THAT MOTION CARRIES. WITH [6:59] THAT, WE'VE CONCLUDED ALL [7:01] BUSINESS TO COME BEFORE THE [7:03] COMMITTEE TODAY. WITHOUT [7:04] OBJECTION, WE STAND ADJOURNED [7:07] UNTIL OUR NEXT MEETING WHICH IS [7:09] WEDNESDAY, WHEN WE WILL HOLD OUR [7:13] THIRD PUBLIC HEARING ON THE 2026 [7:14] BUDGET. THANK YOU, EVERYONE.