HomeMy WebLinkAboutCC agenda 4-14-10CITY OF FALCON HEIGHTS Regular Meeting of the City Council City Hall 2077 West Larpenteur Avenue AGENDA April 14, 2010 A. CALL TO ORDER: 7:00 PM B. ROLL CALL: LINDSTROM ____ HARRIS ____
GOSLINE ____ LONG ____ MERCER-TAYLOR ____ MILLER ____ C. PRESENTATIONS: D. APPROVAL OF MINUTES: March 24, 2010 E. PUBLIC HEARINGS: F. CONSENT AGENDA: 1. General Disbursements through
4/8/10: $180,436.73 Payroll through 3/31/10: $15,854.44 2. City License Applications G: POLICY ITEMS: 1. 2010-11 City Council Goals Adoption 2. 2011 Equipment Certificate Purchase H.
INFORMATION/ANNOUNCEMENTS: I. COMMUNITY FORUM: J. ADJOURNMENT: ?????????\Registry\Machine\Software\Classes\.pdf\PersistentHandler
CITY OF FALCON HEIGHTS Regular Meeting of the City Council City Hall 2077 West Larpenteur Avenue AGENDA March 24, 2010 A. CALL TO ORDER: 7:00 PM B. ROLL CALL: LINDSTROM _X_ HARRIS absent
GOSLINE _X_ LONG _X_ MERCER-TAYLOR _X_ MILLER _X_ C. PRESENTATIONS: 1. Neal Kwong Award 2. Commission Updates D. APPROVAL OF MINUTES: March 10, 2010 Approved E. PUBLIC HEARINGS: F. CONSENT
AGENDA: Chuck Long Moved Approval 4-0 1. General Disbursements through 3/12/10: $24,358.47 Payroll through 3/15/10: $14,761.02 2. City License Applications 3. Salary Adjustment for Lisa
Abernathy G: POLICY ITEMS: Keith Gosline Moved Approval 4-0 1. Adoption of Social Host Ordinance H. INFORMATION/ANNOUNCEMENTS: I. COMMUNITY FORUM: Bruce Misken 1707 Tatum St. J. ADJOURNMENT:
7:47pm
REQUEST FOR COUNCIL ACTION Families, Fields and Fair __________________________ Meeting Date April 14, 2010 Agenda Item Consent F1 Attachment General Disbursements and Payroll Submitted
By Roland Olson, Finance Director The City That Soars! Item General Disbursements and Payroll Description General Disbursements through 4/8/10: $180,436.73 Payroll through 3/31/10: $15,854.44
Budget Impact Attachment(s) General Disbursements and Payroll Action(s) Requested Staff recommends that the Falcon Heights City Council approve general disbursements and payroll.
REQUEST FOR COUNCIL ACTION Families, Fields and Fair __________________________ Meeting Date April 14, 2010 Agenda Item Consent F2 Attachment N/A Submitted By Michelle Tesser, Deputy
City Clerk The City That Soars! Item City License Applications Description The following individuals have applied for a Municipal Business License for 2010. Staff has received the necessary
documents for licensure. 1. Buck’s Unpainted Furniture 2. James Kernik DDS 3. John A. Knutson & Co. PLLO The following individuals have applied for a General Contractor’s License for
2010. Staff has received the necessary documents for licensure. 1. Doug Lee & Associates The following individuals have applied for a Mechanical Contractor’s License for 2010. Staff
has received the necessary documents for licensure. 1. Automatic Door & Fireplaces N/A Attachment(s) N/A Action(s) Requested Staff recommends that the Falcon Heights City Council approve
the 2010 City License Applications.
REQUEST FOR COUNCIL ACTION Families, Fields and Fair __________________________ Meeting Date April 14, 2010 Agenda Item Policy 1 Attachment 2010-11 City Council Goals Submitted By Justin
Miller, City Administrator The City That Soars! Item 2010-11 City Council Goals Adoption Description Each spring/summer, prior to starting work on the next year’s budget, the city council
creates a list of goals they would like to see accomplished in the coming year. Providing these goals at this time allows staff to incorporate funding needs into the budget planning
process. Attached to this report is a draft version of the 2010-11 goals as discussed by the city council at the April 7th workshop. Items from last year that were deleted are denoted
in strikethrough, and new items are underlined. In response to comments during the workshop, staff will develop a reporting format that will allow the city council and residents to track
the status of each goal. It is envisioned that this report will be updated quarterly. Budget Impact N/A Attachment(s) 2010-11 City Council Goals Action(s) Requested Staff recommends
that the Falcon Heights City Council adopt the attached goals and direct staff to begin implementation as appropriate.
City of Falcon Heights 2010-11 Goals Purpose: To sustain this community as a great place to live, work and visit. Goal 1: To protect the public health and safety. Strategy 1: Provide
public safety services to citizens. Action Items: ? Provide a responsive, visible, police service utilizing community oriented policing model ? Provide a responsive, well-trained fire
service ? Practice the emergency management plan ? Participate in Metro-wide emergency management planning, activities and exercises ? Continue to offer training to prepare volunteers
to assist with disaster response ? Maintain Community Emergency Response Teams (CERT) throughout the city ? Work with other cities, agencies and institutions in Ramsey County to practice
and implement develop a county-wide emergency management inventory and plan ? Continue to use St. Paul for ambulance service ? Participate in the North Suburban Haz Mat Team ? Explore
options for Develop a bicycle safety program and bicycle patrols ? Promote 55 Alive programs ? Conduct proactive neighborhood crime prevention meetings as needed, including outreach
to Falcon Heights Elementary, group homes and senior housing buildings. ? Promote services provided by SAPD such as premise checks, vacation checks and car seat safety ? Monitor and
evaluate rental licensing program ? Explore administrative fines on allowable traffic offenses ? Adopt dangerous dog ordinance and response plan Strategy 2: Participate in initiatives
designed to prevent crime and the need for emergency responses. Action Items: ? Promptly remove graffiti from public buildings and provide removal materials for city businesses ? Expand
opportunities for using technology to improve crime watch notification ? Communicate regularly with residents about Homeland Security and the emergency management plan ? Support the
work of the Neighborhood Commission and Neighborhood Liaisons ? Use traffic-calming tools including the speed monitoring trailer and warning signs 1-8
? Take steps to prevent hate crimes through the activities of the Human Rights Commission Strategy 3: Participate in early intervention programs with juveniles. Action Items: ? Support
Northwest Youth and Family Services (NYFS) ? Continue referrals to NYFS through facilitating connections between NYFS and SAPD Strategy 4: Protect the public health. Action Item: ? Participate
in Ramsey County public health emergency exercises ? Publicize mosquito control measures, including free tire pick-up by Metropolitan Mosquito Patrol, utilizing city council meetings
and other publication methods. ? Continue education about preparing for pandemic flu in this community ? Distribute free gun locks Goal 2: To sustain and promote the assets of the city’s
unique neighborhoods and tax base including commercial, residential and open space uses for present and future generations. Strategy 1: Maintain and enhance the neighborhood and community
parks with updated facilities, recreation and community services. Action Items: ? Maintain community landscaping and investigate additional options, with an emphasis on native plant
varieties ? Maintain a sound maintenance program for public facilities ? Focus on the quality, appearance, and longevity of public improvements ? Research opportunities for enhancing
recreational resources at Falcon Heights Elementary School ? Support and continue to promote an Adopt-A-Park program ? Implement the Parks and Recreation Master Plan Strategy 2: Work
with businesses and homeowners to maintain a functional and desirable business and residential environment. Action Items: ? Continue to review and communicate city code requirements
to business and commercial property owners 1-9
? Maintain the desirability of neighborhoods through education and code enforcement ? Use non-profit organizations such as NYFS ? Communicate community standards through photos and code
information on the website ? Publicize Falcon Heights businesses when appropriate including the Farmer’s Market Strategy 3: Maintain the City’s infrastructure. Action Items: ? Maintain
and increase the pathways ? Maintain the sanitary sewers and storm sewers ? Continue with a boulevard tree program for replacement, maintenance and expansion ? Publicize the resources
available through the Housing Resource Center ? Maintain streets and alleys in accordance with the Pavement Management Plan ? Pursue residential streetlighting study ? Sponsor buckthorn
removal day with University Grove neighborhood and Lauderdale ? Review urban forestry programs in response to threats such as Emerald Ash Borer and continue to seek creative financing
options to maximize city and resident resources Maintain tree protection program including efforts to minimize the impact of the Emerald Ash Borer. ? Approach the University of Minnesota
about providing pedestrian opportunities for residents through research fields. Strategy 4: Protect and enhance the physical land use characteristics of the community. Action Items:
? Regularly review and update zoning code as necessary ? Participate in planning discussions, and get the required planning expertise if needed to assure that University of Minnesota
and State Fair land uses and future inter-government decisions do not negatively impact the City’s neighborhoods ? Expand the use of the GIS system for land use planning and maintaining
information on the city’s land use and facilities ? Support environmental education programs and activities 1-10
Strategy 5: Pursue community and economic development opportunities and business retention activities. Action Items: ? Be well informed with the necessary planning, engineering, financial
and legal expertise when making land use decisions ? Offer local businesses opportunities to be included in new resident welcome packets and community activities ? Support redevelopment
projects to allow for maximizing property tax generating opportunities Strategy 6: Expand pedestrian and bicycle opportunities. Action Items: ? Be an active partner in the Active Living
Ramsey County! (ALRC) initiative ? Complete North Suburban Connector trail project ? Participate in the 1000 Benches of Ramsey County program ? Complete Larpenteur Avenue Streetscape
project Strategy 7: Promote the unique assets of Falcon Heights. Action Items: ? Support the efforts to build a new Bell Museum of Natural History ? Distribute the “Fun Facts About Falcon
Heights Flyer” ? Develop city publications in alternate languages ? Promote the unique resources of the University of Minnesota St. Paul Campus Goal 3: To expand opportunities for the
interaction and involvement of citizens of all ages in their neighborhoods and community. Strategy 1: Promote and participate in youth development. Action Items: ? Continue the Junior
Leaders program ? Include youth as commission members by contacting RAMS and RAHS ? Include youth in city meetings, trainings and courses ? Informally interact with youth when the opportunity
arises ? Speak about local government at schools or youth related functions ? Recognize youth achievement at City Council meetings, in the newsletter, and through the Neil Kwong Youth
Citizenship Awards, and the North Suburban Gavel Association ? Promote awareness of the Cable Commission scholarships and internships ? Encourage student participation in City Council
Meetings 1-11
? Participate in the Kids Voting Program at precincts one and two through the Roseville Rotary Club ? Conduct a council meeting with students ? Contact RAMS or RAHS to solicit youth
commission members Strategy 2: Host community/neighborhood events and activities. Action Items: ? Sponsor Annual Ice Cream Social ? Sponsor Winterfest ? Sponsor the Falcon Heights/Lauderdale
5K Fun Run ? Encourage neighborhood gatherings ? Support the Neighborhood Block Parties and Night to Unite National Night Out activities ? Support the Fire Department/Public Safety Open
House ? Encourage volunteers to be involved in community planning activities ? Hold an annual food drive in conjunction with Falcon Heights Elementary School and other community partners
? Review and explore existing and additional city sponsored events ? Review city ordinance prohibiting retail activity in city parks Strategy 3: Explore, create and provide an array
of recreation programming. Action Item: ? Provide recreation programming for all age groups ? Provide referrals for alternate programming ? Manage recreation programming on a seasonal
basis ? Provide space for and promote the Falconeers Senior program ? Promote recreation scholarships and the Friends of the Park program ? Investigate “splash pad” concept at Community
Park ? Support and publicize cross country skiing opportunities at Les Bolstad Golf Course Strategy 4: Encourage citizens to participate in city government. Action Items: ? Promote resident
participation ? Promote, recruit, and publicize citizen participation in city council meetings, city commissions and task forces Strategy 5: Build stronger community and neighborhood
connections. Action Items: ? Distribute the “Welcome to Falcon Heights” booklet 1-12
? Support and promote the Neighborhood Liaison Program ? Use conflict resolution resources for neighbors to use in resolving neighborhood conflicts ? Produce three newsletters per year
? Distribute monthly Falcon Flyer and post to city website ? Support and expand the city’s website ? Promote and support the AARP Tax Assistance Program ? Continue implementation of
“Aging-In-Place” in the City, including promotion of services such as NYFS senior chore program, meals on wheels, and block nurse programs. Strategy 6: Maintain and promote our commitment
to human rights and diversity. Action Items: ? Promote diversity on our commissions ? Support the work of the Falcon Heights Human Rights Commission ? Promote outreach to the community’s
youth in relation to human rights topics Goal 4: To provide a responsive and effective city government. Strategy 1: Communicate promptly and clearly with citizens, business owners and
institutional representatives by anticipating information needs and quickly responding to questions. Action Items: ? Provide a photo of new staff members and a description of jobs in
the newsletter ? Publish a summary of the goals in the City’s newsletter and on the website ? Educate residents about the property tax ? Hold a budget Truth in Taxation hearing annually
Strategy 2: Maintain collaborative relationships with other entities. Action Items: ? Participate in the U of M Campus/Community Advisory Committee and on the Stadium Area Advisory Group
? Maintain regular communication with the University of Minnesota, the Metropolitan Council, Ramsey County, the Minnesota State Fair, the Capital Region Watershed District, Rice Creek
Watershed District, the cities surrounding Falcon Heights, and the State of Minnesota ? Convey city goals to the City’s representatives at the legislature, the Metropolitan Council and
the County, as well as to neighboring communities 1-13
? Met Council presentation at future council meeting ? Participate in Northwest Youth and Family Service, North Suburban Communications Commission and CTV15, the Ramsey County League
of Local Governments, and the Regional Council of Mayors ? Encourage Council members and staff to participate in service and professional organizations Strategy 3: Effectively manage
the City’s consulting and personnel resources. Action Items: ? Evaluate the performance and work assignments of City employees through annual performance reviews ? Provide employees
with affordable resources they require to efficiently and effectively do their jobs, including a training plan and technology resources ? Provide adequate funds for personnel, equipment
and contractors to maintain the City’s infrastructure, facilities, public spaces and public improvements ? Evaluate and review consultants’ performances and fees ? Retain highly skilled
and high-functioning employees ? Provide salaries and benefits that are competitive with cities of a similar size, scale, and scope Strategy 4: Effectively manage the city’s financial
resources. Action Items: ? Update and provide a well-researched five year capital improvement program ? Review and adjust fees and policies as part of the annual budgeting process ?
Research and pursue new revenue sources, including grants ? Pursue conduit bonding opportunities ? Review and evaluate the City’s long term financial needs and the City’s current and
future financial resources to meet these needs ? Continue to research and pursue new opportunities for reducing expenses by using more contracts and joint powers agreements to share
equipment, personnel, and technology with other levels of government ? Maintain a contingency fund to be prepared for unexpected, but necessary, expenditures ? Retain highly skilled
and high functioning employees ? Continue to meet the standards for the GFOA Award for Excellence in Financial Reporting ? Evaluate all city services in regards to costs, benefits, and
opportunities to find efficiencies by partnering with adjacent cities or organizations Strategy 5: Develop and expand an e-mail capability to communicate with residents 1-14
1-15 Action Items: ? Solicit e-mail addresses through the Falcon Flyer and newsletter, at the front desk, on the City website, and at community events ? Solicit new resident e-mail addresses
? Provide critical information in a timely manner utilizing city’s list serv ? Develop and expand Continue use of social networking sites such as Twitter and Facebook Strategy 6: Expand
the capability to conduct any city-to-resident transaction online Goal 5: Provide for a clean, healthy, sustainable environment. Strategy 1: Undertake efforts to maximize recycling.
Action Items: ? Research an incentive program to encourage recycling ? Conduct rain barrel workshop for city residents ? Conduct city-wide energy fair ? Complete recycling contract negotiations
Strategy 2: Consider environmental benefits in city purchasing. Action Items: ? Consider environmentally-friendly options in city vehicles and public works ? Change to energy-efficient,
compact light bulbs Strategy 3: Continue support of Community Garden. Action Items: Items: ? Continue publicity in newsletter, on website, and in the Falcon Flyer Strategy 4: Create
an inventory of greenhouse/global warming emissions. ? Conduct comprehensive review of the city’s carbon output, including identifying steps to reduce the overall carbon footprint of
the city. ? Implement GreenStep Cities program
REQUEST FOR COUNCIL ACTION Families, Fields and Fair __________________________ Meeting Date April 14, 2010 Agenda Item Policy 2 Attachment Pre-Sale Report for G.O. Bonds Equipment Purchase
List/Schedule Resolution 10-05 Submitted By Justin Miller, City Administrator The City That Soars! Item 2011 Equipment Certificate Purchase Description For the past two budget cycles,
the City of Falcon Heights has used special levy authority to address the existing debt obligations that the city is responsible for. In 2010, the last of our 1999 street bond payments
will be made, leaving no general obligation debt on our books. In order for the city to use the special debt levy authority, debt payments must be scheduled, and the city council has
discussed advancing the purchase of several pieces of equipment to address this need. Staff looked through the capital improvements plan (CIP) and found roughly $283,000 worth of equipment
that will be needed in the coming years. The city could issue a type of debt called equipment certificates to pay for these pieces of equipment, spread the purchase out over three years,
and schedule payments over a period of up to ten years. Staff has been working with Ehlers and Associates, our financial advisors, on putting together a plan to issue this debt. The
council discussed the process at the April 7th workshop, and the attached pre-sale report reflects the desire of the council to keep the debt payments around the $75,000/year range.
Budget Impact The projected annual debt levy would range from roughly $68,000-$72,000 for the first four years and roughly $35,000 for the fifth year. The exact schedule will not be
known until bids are received. For a comparison, the debt levy in 2010 is roughly $125,000. Attachment(s) Pre-Sale Report for G.O. Bonds, Series 2010A Equipment purchase list/schedule
Resolution 10-05 Action(s) Requested Staff recommends that the Falcon Heights City Council adopt resolution 10-05 authorizing Ehlers and Associates to solicit bids for the Series 2010A
equipment cer
tificates. April 14, 2010 Pre-Sale Report for $300,000 General Obligation Equipment Certificates, Series 2010A City of Falcon Heights, Minnesota
Presale Report October 8, 2009 Page 2 Details of Proposed Debt Proposed Issue: $300,000 General Obligation Equipment Certificates, Series 2010A Purpose: The 2010A Certificates are to
fund $283,000 of equipment that will be purchased through 2012. Authority: The 2010A Certificates are being issued pursuant to Minnesota Statutes, Chapter 412. If the amount of equipment
certificates issued is more than .5% of the taxable market value (“TMV”), a public hearing and reverse referendum must be held. The City’s Estimated P2010 TMV was $415,606,900. The proposed
Equipment Certificates are under $1,039,017, so no public hearing is required for this issue. The Certificates count against the City’s legal debt limit of 3% of market value. Funding
Source(s): For the Certificates, it is the intent of the City to levy property taxes to support 105% of the debt service beginning with taxes payable in 2011. Arbitrage Monitoring: The
IRS is becoming more active in surveying municipal issuers. Therefore, IRS rules regarding the amount of interest that the City may earn on bond proceeds is more of a concern. Because
the City is issuing less than $5,000,000 in this calendar year, the proceeds can earn interest without restriction for three years. The City will also need to keep its debt service funds
within IRS parameters to avoid penalties on carrying too high of a balance during the life of the issue. Rating: The City is currently rated "A1" by Moody's Investors Service. The City
has not been rated since 1999, when the last bond was sold. The rating has been affirmed by Moody’s as recently as March 2005 as part of their ongoing surveillance process. However,
because the financing is relatively small and short in term, we do not recommend a rating for this issue. Bank Qualification: Because the City is issuing less than $30,000,000 in the
calendar year, the City will be able to designate the Certificates as “bank qualified” obligations. Term/Call Feature: The 2010A Certificates are being issued for a 5-year period, which
allows for an approximate annual levy of $75,000, which includes the principal and interest payment at the required 105%. Interest is payable each six months beginning February 1, 2011.
Principal on the 2010A Certificates
Presale Report October 8, 2009 Page 3 will be due on February 1 in the years 2011 through 2015. The 2010A Certificates will be non-callable in order to achieve the lowest possible interest
rates. Other Considerations: We have reviewed all outstanding indebtedness for the City and find there are no opportunities to refund any of the City’s existing bonds. We will continue
to monitor the market and the call dates for the City and will alert you to any future opportunities. Due to the size of the Certificates, we will be distributing an “Offering Memorandum”
to local banks and local underwrites in lieu of an Statement. In our experience, issues of this size are purchased locally and it is more cost effective to forgo the official statement.
Proposed Debt Issuance Schedule Pre-Sale Review by Council: April 14, 2010 Distribute Offering Memorandum: Week of April 26, 2010 City Council Meeting to Award Sale of the Certificates:
May 12, 2010 Estimated Closing Date: Week of June 7, 2010 Attachments Sources and Uses of Funds Proposed Debt Service Schedule Bond Buyer Index Resolution Authorizing Ehlers to Proceed
With Bond Sale Ehlers Contacts: Financial Advisors: Shelly Eldridge Dave Callister (651) 697-8504 (651) 697-8553 Bond Analysts: Diana Lockard Debbie Holmes (651) 697-8534 (651) 697-8536
Bond Sale Coordinator: Alicia Aulwes (651) 697-8523
City of Falcon Heights, MN $300,000 General Obligation Equipment Certificates, Series 2010 Sources & Uses Dated 06/01/2010 | Delivered 06/01/2010 Sources Of Funds Par Amount of Bonds
$300,000.00 Total Sources $300,000.00 Uses Of Funds Total Underwriter's Discount (1.500%) 4,500.00 Costs of Issuance 10,000.00 Deposit to Project Construction Fund 283,000.00 Rounding
Amount 2,500.00 Total Uses $300,000.00 Ser 10 $283K GO Equip Cer | SINGLE PURPOSE | 4/8/2010 | 2:00 PM Ehlers Leaders in Public Finance Page 1
City of Falcon Heights, MN $300,000 General Obligation Equipment Certificates, Series 2010 Debt Service Schedule Date Principal Coupon Interest Total P+I Fiscal Total 06/01/2010 -----02/01/2011
65,000.00 1.500% 3,908.33 68,908.33 68,908.33 08/01/2011 --2,443.75 2,443.75 -02/01/2012 65,000.00 1.750% 2,443.75 67,443.75 69,887.50 08/01/2012 --1,875.00 1,875.00 -02/01/2013 65,000.00
2.000% 1,875.00 66,875.00 68,750.00 08/01/2013 --1,225.00 1,225.00 -02/01/2014 70,000.00 2.250% 1,225.00 71,225.00 72,450.00 08/01/2014 --437.50 437.50 -02/01/2015 35,000.00 2.500% 437.50
35,437.50 35,875.00 Total $300,000.00 -$15,870.83 $315,870.83 -Yield Statistics Bond Year Dollars $745.00 Average Life 2.483 Years Average Coupon 2.1303128% Net Interest Cost (NIC) 2.7343396%
True Interest Cost (TIC) 2.7596028% Bond Yield for Arbitrage Purposes 2.1258785% All Inclusive Cost (AIC) 4.2214107% IRS Form 8038 Net Interest Cost 2.1303128% Weighted Average Maturity
2.483 Years Ser 10 $283K GO Equip Cer | SINGLE PURPOSE | 4/8/2010 | 2:00 PM Ehlers Leaders in Public Finance Page 2
2 YEAR TREND Source: The Bond Buyer Trend in Municipal Bond Indices 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% April May June July Aug Sept Oct Nov Dec Jan Feb Mar April May June
July Aug Sept Oct Nov Dec Jan Feb Mar April 2008 2008 2009 2009 2010 Weekly rates from April 2008 -April 2010 The current BBI Rate as of April 5, 2010 is 4.44%. BBI Index RBI Index 30
Yr BBI Average The high BBI Rate for this date range was 6.01% on 10/20/2008. The low BBI Rate for this date range was 3.94% on 10/05/2009.
Resolution No. _______________ Council Member _________________ introduced the following resolution and moved its adoption: Resolution Providing for the Sale of $300,000 General Obligation
equipment Certificates, Series 2010A A. WHEREAS, the City Council of the City of Falcon Heights, Minnesota, has heretofore determined that it is necessary and expedient to issue the
City's $300,000 General Obligation Equipment Certificates, Series 2010A (the "Certificates"), to finance equipment purchases for the City; and B. WHEREAS, the City has retained Ehlers
& Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its independent financial advisor for the Certificates and is therefore authorized to solicit proposals in accordance with
Minnesota Statutes, Section 475.60, Subdivision 2(9); NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Falcon Heights, Minnesota, as follows: 1. Authorization; Findings.
The City Council hereby authorizes Ehlers to solicit proposals for the sale of the Certificates. 2. Meeting; Proposal Opening. The City Council shall meet at 7:00 pm on May 12, 2010,
for the purpose of considering sealed proposals for and awarding the sale of the Certificates. 3. Official Statement. In connection with said sale, the officers or employees of the City
are hereby authorized to cooperate with Ehlers and participate in the preparation of an offering memorandum for the Certificates and to execute and deliver it on behalf of the City upon
its completion. The motion for the adoption of the foregoing resolution was duly seconded by Council Member _______________________ and, after full discussion thereof and upon a vote
being taken thereon, the following Council Members voted in favor thereof: and the following voted against the same: Whereupon said resolution was declared duly passed and adopted. Dated
this day of , ____. _____________________________________________ City Clerk
Falcon Heights Equipment Purchase Schedule Item Amount Year Purchased Expected Life (in years) 7 Years 10 Years Bobcat $
37,000 2011 7 $ 37,000 Riding Mower $ 25,000 2011 7 $ 25,000 Tractor/Utility Vehicle $ 135,000 2012 7 $ 135,000 One Ton Truck $ 49,000 2012 10 $ 4 9,000 4X4 Truck $ 32,000 2011 10 $
3 2,000 Computers $ 5,000 2012 7 $ 5,000 $ 202,000 $ 8 1,000 Total $ 283,000
CITY OF FALCON HEIGHTS COUNCIL RESOLUTION April 14, 2010 No. 10-05 -----------------------------------------------------------Resolution Providing for the Sale of $300,000 General Obligation
equipment Certificates, Series 2010A A. WHEREAS, the City Council of the City of Falcon Heights, Minnesota, has heretofore determined that it is necessary and expedient to issue the
City's $300,000 General Obligation Equipment Certificates, Series 2010A (the "Certificates"), to finance equipment purchases for the City; and B. WHEREAS, the City has retained Ehlers
& Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its independent financial advisor for the Certificates and is therefore authorized to solicit proposals in accordance with
Minnesota Statutes, Section 475.60, Subdivision 2(9); NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Falcon Heights, Minnesota, as follows: 1. Authorization; Findings.
The City Council hereby authorizes Ehlers to solicit proposals for the sale of the Certificates. Certificates. 2. Meeting; Proposal Opening. The City Council shall meet at 7:00 pm on
May 12, 2010, for the purpose of considering sealed proposals for and awarding the sale of the Certificates. 3. Official Statement. In connection with said sale, the officers or employees
of the City are hereby authorized to cooperate with Ehlers and participate in the preparation of an offering memorandum for the Certificates and to execute and deliver it on behalf of
the City upon its completion. ----------------------------------------------------------------Moved by: Approved by: ________________________ Peter Lindstrom, Mayor April 14, 2010 LINDSTROM
____ In Favor Attested by: ________________________ GOSLINE Justin Miller HARRIS ____ Against City Administrator LONG April 14, 2010 MERCER-TAYLOR