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D-1. 2018 Key Financial Strategies 2018 Key Financial Strategies/Goals Page 1 CATEGORY GOAL ACTION Laufenburger Campion McDonald Ryan Tjornhom Average Implement Park Replacement Schedule Initiate funding of an annual park equipment replacement schedule to efficiently address aged and deteriorated park equipment and infrastructure. Develop Lake Ann Park and Trail Expansion Master Plan Initiate master planning and feasibility study to guide future acquisition of lands expanding Lake Ann Park and associated trails. Social Host Ordinance Research social host ordinance implications and effectiveness in other jurisdictions and decide whether or not to pursue ordinance adoption. Review Sanitary Sewer Inflow/Infiltration (I/I) Reduction Plan Staff will update Council on the current I/I reduction plan and see if the Council wants to make any changes. Upgrade of Galpin Blvd. Complete the scoping and traffic study with Carver County, and identify funding sources for the upgrade of Galpin Blvd north of Highway 5. Update on current status of EAB in our area, and a review of recent management strategies and future response to EAB confirmation. While EAB is not yet in Carver County, it is confirmed in Eden Prairie. Chanhassen has been working to treat and remove Ash trees to mitigate as much damage as possible. Funding and best practices will be shared with Council. Consideration of establishing a GreenStep Cities program The GreenStep Cities program fits into the Key Financial Strategies of Strengthen the City’s Financial Position and Competiveness. By implementing additional tasks within the GreenStep Cities program, the City will have cost savings, which improves the City’s financial position. The promotion of the City’s attainment of Levels 1 and 2 and the plan to attain Level 3, proves to residents that the City is conscious of environmental issues and supports the City’s objective to be a “community for life”, thereby making the City of 2018 Key Financial Strategies/Goals Page 2 CATEGORY GOAL ACTION Laufenburger Campion McDonald Ryan Tjornhom Average Chanhassen a strong competitor when residents are choosing a community in the west suburbs. Short-term rental licensing Explore ordinance amendments to regulate short- term residential rentals via Airbnb, VRBO, etc. PRN property development Review the Park and Trail Plan for the property surrounding Lake Ann, and the planning tools available (density transfer) to acquire open space. TIME COMMITMENT LEGEND A: 3+ meetings (more than one year) B: 2 to 3 meetings (3 to 6 months) C: 1 to 2 meetings (1 to 3 months)