Wayne Avery

2027 Dacotah Bank Center Fees

Up to $193,000 drawn from existing 3B tax fund reserves to cover the shortfall.

2027 city budget first reading

Total 2027 spending of $77.4 million, with the general fund up $770,000 (3.35%) and conservative 2.5% sales tax growth assumed.

Research Park at SDSU funding

$35,000 shift within the 2027 budget.

Outside agency funding for 2027 budget

$274,254 from the city budget, an increase from last year.

Dakota Bank Center budget shortfall

Up to $193,000 drawn from existing 3B tax fund reserves to cover the shortfall.

2027 property tax levy

Sets the 2027 city property tax levy; staff noted property tax revenue growth is projected weaker than in past years.

Sidewalk replacement assessments

Assessments on benefiting parcels, payable over five years at 4.27% interest.

Volunteer board management software

Any software licensing costs weren't specified on the agenda.

2027 capital improvement plan

$15.7 million in 2027 capital spending, with debt at about 18% of revenue against a 35% self-imposed cap.

Budget Amendment No. 3 to the 2026 Budget

About $190,000 in reallocations and additions across the Three-B, general, and pillow tax funds.

Lease of 26 acres of public farmland

Roughly 30% more lease revenue for the solid waste division than the previous lease.

2026 Election Agreement

City share expected around $21,000, comparable to prior elections.

2025 annual financial audit

Clean audit with strong reserves; big projects like the public safety center are expected to draw reserves down over the next couple of years.

Revised Capital Asset Management Policy

Property tax abatements

About $1,680 in property taxes forgiven across five parcels.

Consolidated fee schedule amendment

Fee changes could raise or adjust costs for specific city services; details were not in the available material.

2026 Budget Amendment No. 4

Amends the adopted 2026 budget; specific amounts were in the memo attachment.

2026 budget amendments

The dollar amounts of the amendments were not detailed in the available agenda material.

Conflict-of-interest standards for city officials

No direct cost — this was training, though conflicts on TIF votes could involve millions in city incentives.

Construction Manager at Risk Contract Reset

Terminating the contract and rebidding construction management could affect project costs and timelines for city construction work.