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HomeMy WebLinkAbout10/23/2006 Council PacketSUMMARY MINUTES Revised TY COUNCIL AGENDA Monday October 23, 2006 (Scheduled to be broadcast on Channel 16) City Council: Mayor Bergeson, Council Members Carlson, O'Donnell, Reinert & Stoltz City Administrator: Gordon Heitke ).)t WC Sight, 5;30 P Community Room (not televised) A) Regular Agenda B) Work session agenda policy Staff to prepare a resolution establishing requirement to add agenda items (to be added to new Code if approved) C) Silvera Memorial (requested by O'Donnell & Reinert) Further discussion at Nov 6 council work session ITV Y CO1 ➢ Open Mike / Public Comment None EET1'NG Pg 4 ➢ Call to Order and Roll Call 6:35 p.m. — Present were Mayor Bergeson, Council Members O'Donnell, Reinert, Carlson & Stoltz ➢ Pledge of Allegiance ➢ Setting the Agenda: Addition or deletion of agenda items The agenda was approved as amended (Item 1B tabled; Item 1E moved to New Business; Turtleman Triathalon update added as a special presentation with Resolution 06 -173 accepting triathalon donation added to the Consent Agenda) SPEC1Af' PRESENT er �. Mt, Presentation on Centennial School District Highlights, 2005 -2006 and Initiatives for 2006 -2007, by Roger B. Worner, Superintendent of Schools Presentation on Turtleman Triathalon Council Agenda A) -2- REVISED 10/23/2006 SUMMARY MINUTES Consideration of Expenditures: i) 10/23/2006 (Check No. 77905 through 78141) in the amount of $918,893.78; ii) Centennial Fire District (Check No. 15347 through 15372) in the amount of $25,640.06 Pg 5 -23 B) Consider approval of October 2, 2006 Council Work Session Minutes Pg 24 -28 Tabled for further review C) Consider approval of October 9, 2006 City Council Meeting Minutes Pg 29 -33 D) Consideration of Resolution No. 06 -174, Authorizing Pg 34 -40 Certification of Delinquent Water and Sewer Utility Charges for collection with the 2006 property taxes payable in 2007 E) Accept donation of charitable gambling proceeds in the amount of $1,000 from the Ladies Auxiliary of VFW Post 6583 to assist with annual safety camp costs (moved to New Business) F) Consider Approving Application for Exempt Permit for St. Joseph's Catholic Church, to conduct a raffle at their annual Venison Feed on November 22, 3006 G) Consider Approving Application for Exempt Permit for St. Joseph's Catholic Church, to conduct annual Turkey Bingo event on November 21, 2006 H) Consideration of Resolution No. 06 -171, Approving Final Pay Request, 2005 Surface Water Management Project, Jim Studenski\ I) Consideration of Resolution No. 06 -173 accepting the donation of $5,600 from the Turtleman Triathalon to the Police Department Action Taken: Motion by Stoltz, seconded by Reinert, to approve the Consent Agenda, Items 1A through 1I (except Items 1B & 1E), was adopted by a unanimous voice vote. ICE ,DEPARTME T, REPORT, Al Rolek A) Consideration of Resolution No. 06 -175, Awarding the Sale of $3,025,000 General Obligation Capital Improvement Plan Refunding Bonds, Series 2006E, Al Rolek Action Taken: Motion by Carlson, seconded by O'Donnell, to approve Resolution No. 06 -175, was adopted by a unanimous voice vote. Pg 41 Pg 42 Pg 43 Pg 44 -51 Pg 52 -90 Council Agenda -3- REVISED 10/23/2006 SUMMARY MINUTES B) Consideration of Resolution No. 06 -176, Awarding the Sale of $1,745,000 General Obligation Water Revenue Refunding Bonds, Series 2006F, Al Rolek Action Taken: Motion by Reinert, seconded by Stoltz, to approve Resolution No. 06 -176, was adopted by a unanimous voice vote. ADMINISTRATION DEPA TM A. Hire Terina Peterson as part-time CSO Action Taken: Motion by O'Donnell, seconded by Carlson, to approve hiring Ms. Peterson was adopted by a unanimous voice vote. PUBLIC SAI DEPAF THE E a' A) Authorize execution of Centennial School District agreement for youth resource officer for 2006 -2007 school year Action Taken: Motion by Carlson, seconded by Stoltz, to approve execution of the agreement was adopted by a unanimous voice vote. B) Proclamation in support of recognizing October as Crime Prevention Month in the City of Lino Lakes Action Taken: Motion by Reinert, seconded by Carlson, to approve the proclamation was adopted by a unanimous voice vote. None ELOPM ENT REPORT, Riot(' ciiea..,., rochala Pg 91 Pg 92 -95 Pg 96 -97 A) Consideration of Resolution No. 06 -177, Amending PUD Final Plan Pg 98 -103 for Lakewood Apartments - Legacy at Woods Edge, Paul Bengtson Action Taken: Motion by Bergeson to approve Resolution No. 06 -177 as presented lost for lack of a second; Motion by Reinert to adopt Resolution No. 06 -177 as amended to approve only the changes to the color palette and revised central element was seconded by O'Donnell and adopted by a unanimous voice vote; Motion by Reinert to table the issue of approving the removal of the balconettes was seconded by Stoltz and adopted by a voice vote; Mayor Bergeson voted nay; Motion by Stoltz, seconded by Reinert, that the Council will hold a special meeting on November 6 to consider this matter, if necessary, was adopted by a unanimous voice vote. B) Consideration of Resolution No. 06 -178, Accepting Quotes and Pg 104 -109 Awarding Contract, 2006 Boulevard Tree Planting, Marty Asleson Action Taken: Motion by Carlson, seconded by O'Donnell, to approve Resolution No. 06 -178, was adopted by a unanimous voice vote. Council Agenda -4- REVISED 10/23/2006 SUMMARY MINUTES C) Adopting Assessments, Jim Studenski Consideration of Resolution No. 06 -163, Adopting Special Pg 110 -112 Assessments for Individual Utility Connections. Action Taken: Motion by O'Donnell, seconded by Reinert, to approve Resolution No. 06 -163, was adopted by a unanimous voice vote. ii. Consideration of Resolution No. 164 to 170, Adopting Special Pg 113 -128 Assessments for Developer and Improvement Projects. Action Taken: Motion by Stoltz, seconded by Carlson, to approve Resolution No. 06 -164 through 170, was adopted by a unanimous voice vote. FINISHED BUSIN, None US A) Consider approval of October 9, 2006 City Council Meeting Minutes (a portion of the meeting was closed) Council Member Reinert was absent Action Taken: Motion by O'Donnell, seconded by Carlson, to approve the minutes of October 9, 2006 (special meeting), was adopted by a voice vote; Council Member Reinert abstained from voting. B) Accept donation of charitable gambling proceeds in the amount of $1,000 from the Ladies Auxiliary of VFW Post 6583 to assist with annual safety camp costs Action Taken: Motion by Carlson, seconded by Stoltz, to accept the donated funds, was adopted by a voice vote. Pg 129 °urn; Motion by Carlson to adjourn at 9:20 p.m. was seconded by Stoltz and adopted by a voice vote. t- 4- November 6, 2006 November 6, 2006 November 8, 2006 November 13, 2006 November 13, 2006 Community Calendar- A Look Ahead October 24- November 13, 2006 6:30 p.m., City Hall 5:30 p.m., City Hall 6:30 p.m., City Hall 6:00 p.m., City Hall 6:30 p.m., City Hall Park Board Council work session Planning & Zoning Board Economic Development Authority City Council Meeting • REVISED Monday October 23, 2006 (Scheduled to be broadcast on Channel 16) City Council: Mayor Bergeson, Council Members Carlson, O'Donnell, Reinert & Stoltz City Administrator: Gordon Heitke Community Room (not televised) A) Regular Agenda B) Work session agenda policy C) Silvera Memorial (requested by O'Donnell & Reinert) Pg 4 ➢ Open Mike / Public Comment 111 ➢ Call to Order and Roll Call ➢ Pledge of Allegiance ➢ Setting the Agenda: Addition or deletion of agenda items Presentation on Centennial School District Highlights, 2005 -2006 and Initiatives for 2006 -2007, by Roger B. Worner, Superintendent of Schools A) Consideration of Expenditures: i) 10/23/2006 (Check No. 77905 through 78141) in the amount of $918,893.78; ii) Centennial Fire District (Check No. 15347 through 15372) in the amount of $25,640.06 Pg 5 -23 B) Consider approval of October 2, 2006 Council Work Session Minutes Pg 24 -28 C) Consider approval of October 9, 2006 City Council Meeting Minutes Pg 29 -33 D) Consideration of Resolution No. 06 -174, Authorizing Pg 34 -40 Certification of Delinquent Water and Sewer Utility Charges for collection with the 2006 property taxes payable in 2007 • Monday October 23, 2006 (Scheduled to be broadcast on Channel 16) City Council: Mayor Bergeson, Council Members Carlson, O'Donnell, Reinert & Stoltz City Administrator: Gordon Heitke Community Room (not televised) A) Regular Agenda B) Work session agenda policy yy Pg 4 7 ➢ Open Mike / Public Comment 111 ➢ Call to Order and Roll Call ➢ Pledge of Allegiance ➢ Setting the Agenda: Addition or deletion of agenda items Presentation on Centennial School District Highlights, 2005 -2006 and Initiatives for 2006 -2007, by Roger B. Worner, Superintendent of Schools A) Consideration of Expenditures: i) 10/23/2006 (Check No. 77905 through 78141) in the amount of $918,893.78; ii) Centennial Fire District (Check No. 15347 through 15372) in the amount of $25,640.06 Pg 5 -23 B) Consider approval of October 2, 2006 Council Work Session Minutes Pg 24 -28 C) Consider approval of October 9, 2006 City Council Meeting Minutes Pg 29 -33 D) Consideration of Resolution No. 06 -174, Authorizing Pg 34 -40 Certification of Delinquent Water and Sewer Utility Charges for collection with the 2006 property taxes payable in 2007 • • • Council Agenda -2- 10/23/2006 E) Accept donation of charitable gambling proceeds in the amount of $1,000 from the Ladies Auxiliary of VFW Post 6583 to assist with annual safety camp costs F) Consider Approving Application for Exempt Permit for St. Joseph's Catholic Church, to conduct a raffle at their annual Venison Feed on November 22, 3006 G) Consider Approving Application for Exempt Permit for St. Joseph's Catholic Church, to conduct annual Turkey Bingo event on November 21, 2006 H) Consideration of Resolution No. 06 -171, Approving Final Pay Request, 2005 Surface Water Management Project, Jim Studenski 0 A) Consideration of Resolution No. 06 -175, Awarding the Sale of $3,025,000 General Obligation Capital Improvement Plan Refunding Bonds, Series 2006E, Al Rolek B) Consideration of Resolution No. 06 -176, Awarding the Sale of $1,745,000 General Obligation Water Revenue Refunding Bonds, Series 2006F, Al Rolek tor A. Hire Terina Peterson as part-time CSO rig A) Authorize execution of Centennial School District agreement for youth resource officer for 2006 -2007 school year B) Proclamation in support of recognizing October as Crime Prevention month in the City of Lino Lakes None A) Consideration of Resolution No. 06 -177, Amending PUD Final Plan for Lakewood Apartments - Legacy at Woods Edge, Paul Bengtson Pg 41 Pg 42 Pg 43 Pg 44 -51 Pg 52 -90 Pg 91 Pg 92 -95 Pg 96 -97 Pg 98 -103 B) Consideration of Resolution No. 06 -178, Accepting Quotes and Pg 104 -109 Awarding Contract, 2006 Boulevard Tree Planting, Marty Asleson • • • Council Agenda -3- 10/23/2006 C) Adopting Assessments, Jim Studenski i. Consideration of Resolution No. 06 -163, Adopting Special Pg 110 -112 Assessments for Individual Utility Connections. ii. Consideration of Resolution No. 164 to 170, Adopting Special Pg 113 -128 Assessments for Developer and Improvement Projects. None A) Consider approval of October 9, 2006 City Council Meeting Minutes Pg 129 (a portion of the meeting was closed) Council Member Reinert was absent November 6, 2006 November 8, 2006 Community Calendar - A Look Ahead October 24- November 13, 2006 6:30 p.m., City Hall Park Board 6:30 p.m., City Hall Planning & Zoning Board • • WS — Item B WORK SESSION STAFF REPORT Work Session Item B Date: Council Work Session, October 23, 2006 To: City Council From: Gordon Heitke Re: Procedure for Setting Work Session Agendas Background Staff was directed at the October 2, 2006 City Council work session to place on the October 23 work session agenda the procedure for placing issues on work session agendas. At least two council members must request an item to be placed on a regular meeting agenda in addition to the items placed on the agenda by administration. This requirement has not always been followed for work session agendas. Requested Council Direction Staff is seeking clarification as to whether the requirement that at least two members must request an item to be placed on the meeting agenda for regular meetings also applies to work sessions. - 4 - 1 CENTENNIAL SCHOOLS Independent School District No. 12 4707 North Road Circle Pines, Minnesota 55014-1898 (763) 792-6000 Fax: (763) 792 -6050 www.isdl2.org Dr. Roger B. Worner, Superintendent (763) 792 -6010 August 30, 2006 Gordon Heitke, City Administrator 600 Town Center Pkwy Lino Lakes, MN 55014 SCHOOL BOARD MEMBERS CHAIRPERSON Dennis Halverson VICE CHAIRPERSON Christina Wilson CLERIC Suzy Guthmueller TREASURER Bret Shroyer DIRECTOR Karen Lodico DIRECTOR John McClellan Dear City Administrator Heitke: On Tuesday, September 5, Centennial School District No. 12's School Board and administrative, teaching, and support staffs will welcome some 7,000 precious children and young adults back to school from the communities of Blaine, Centerville, Circle Pines, Lexington, and Lino Lakes for the 2006 -07 school year. All of us connected with the school district are excited to be serving, again, all of the students, parents, and patrons of the Lino Lakes community. With the onset of the new school year, 1 would like to request an opportunity to attend a future City Council meeting to provide you, Council members, and your viewing audience with a brief, ten minute presentation on Centennial School District Highlights, 2005 -06 and, further Centennial School District Initiatives, 2006 -07. A late September, October, or early November Council meeting —from my vantage point—would be a preferred time for such a presentation. 1 believe it is one of my responsibilities to take the initiative to update "key stakeholder groups" about progress made by and initiatives initiated by "their" school district. In my estimation, the Lino Lakes City Administrator and Lino Lakes City Council comprises one of the Centennial School District's "key stakeholder groups." Could 1 request your assistance in having your Administrative Assistant contact my Administrative Assistant, Deb Hoyhtya, at 763-792-6010 in the near future to explore, hopefully, two calendar options for my presentation at a future City Council meeting. Thank you for your time and consideration on this matter of importance to Centennial School District and its Superintendent of Schools. I look forward with anticipation to the opportunity to address you and the City Council over the course of the next two months. Yours most sincerely, Omer Su: - ndent of Schools RB W:dkh C: School Board Executive Cabinet DeL o y4i 4i .1 5rM4.,4c,6G ©e@ciO e@rfOCXDA eith0@hhCD.A@M° iftp)CDCf 20s75 00 District snapshot, Oct. 2006 Residents 40,870 residents 18,325 registered voters 13,993 households; 7,513 (54 %) households with 'child ren'' Staff 513 certified staff: 32.7% bachelor's degree 66.9% master's degree .4% doctorate 445 support staff Average teacher salary= $48,826 Students Students per grade (K) 434 (1) 446 (2) 502 (3) 483 (4) 512 (5) 497 (6) 541 level: (7) 572 (8) 597 (9) 582 (10) 573 (11) 574 (12) 528 Graduation rate: 93% Free /reduced lunch: 11% Students receiving Special Education services: 12% Included in this report... Ca,4,,A,Lt Yu +. Zoe,' p '9O raziee Bedakt IJanke Scion rrerci a «ei'h' GRAZIE "' t2n-nn jvt,eite, , bedankt V mDANKE SCHONo * OGraciaS c �, hank you T11111 I3EDANKT oo V bricaads3 tack "JYleheii, U THANK YOU i'4,,,,(141:41'.1 TACK W Levy spending accountability Superintendent's stockholder report by Roger B. Wormer, Superintendent As promised in October, 2005; it is my intention to pro- vide each of our parents and our patrons — stockholders of the Centennial School District —with an annual report on the status of the corporation. Clearly, the purpose of pro- viding this accounting —that is, being accountable —is to engender a measure of confidence that your governing body, the School Board, and management, district and building administration, are attending to the mission and goals of the organization (the school district) and striving to produce a product (student achievement, civility, compassion, and fu- ture potential) that is consistent with your desire and within our financial means. To be sure, the stockholders report has space constraints and could touch on technicalities that would bore the reader if elaborated in great detail. Therefore, it is my intention to enumerate but a few poignant highlights on each of four goals established by the school board and addressed by the school district's administration and staff —among many oth- ers— during the 2005 -06 fiscal year. Those goals included: Resource Management, Curriculum, Communication and Standards of Excellence (Achievement). Resource Management: The school district achieved passage of a proposed $4.6 million operating levy referendum to address the devastat- ing budget reductions which occurred over the previous five years. ,Po Implemented an "open process" for proposing /consider- ing budgetary reinstatements. 'Po Received a laudatory 2005 -06 external audit of the organization's financial management. Refunded school building bonds to reduce interest rates and save taxpayers money. Prepared for submission of the Centennial Alternative Compensation System (CACS) with the Centennial Educa- tion Association to infuse the school district with $1.5 mil- lion in new state funds ' Agreed with the Centennial Education Association to be the ONLY metro area school district to NOT levy local funds to support the CACS. Curriculum: kPo The school district continued a massive effort to train staff for and implement a new K -12 mathematics pro- gram. Initiated an equally mas- sive selection of a new K -12 language arts pro- gram. Conducted a study of the Gifted Services Program. Initiated a study of the world language program. 'Po Continued to implement the NWEA assessment pro- gram (MAP testing) to better diagnose student learning Planned for implementation of a fee - based, all day kin- dergarten program (Kindergarten Plus). 'Po Planned the expansion of the high school Advanced Placement Program. Implemented the high school Cougar Cafe (for strug- gling students). Enhanced the middle school schedule and curriculum options. Studied the cost justification of closing one elementary school. Communication: 'Po Implemented —with facilitation by CAARE (Cen- tennial Area Advocates for Responsible Education) —an examination of the strengths /weaknesses of district com- munications with its publics. Increased Quad Community Press articles. Continued school and Observer publications. Presented status report to each of five city councils. 'P Presented to senior citizens, early childhood parents, retirees, parents, all staff, students, and other groups and individuals on district goals/ priorities. Structured a community forum on methamphetamine. » Structured public hearings. Standards of Excellence: 'Po Observed continued excellence in student academic performance (see elsewhere in this report). Observed high rates of graduation. 'P. Observed low rates of dropping out. Observed excellent academic progress and graduation rates from Centennial Area Learning Center students. '' Observed, in general, excellent student attendance. Maintained high disciplinary standards /expectations. Observed exceedingly high participation rates and achievement levels in co- curricular and extracurricular ac- tivities. It has been my great pleasure to have been a part of and served your organization —the Centennial School Dis- trict —this past year. I am truly proud of the performances of your children and grandchildren and our fine teaching and support staffs. And, finally, I am grateful to you for the financial support you have provided to us and the con- fidence you have entrusted in us. We intend to continue to earn that trust. .25 Gri--141,(4/ • The Comprehensive Annual Financial Report for the focal year ended June 30, 2006, will be presented to the school board for approval at its Oct. 30 meeting and posted on the district web site (www.isdl2.org). Some highlights are listed below: General Fund Year ended Local sources Property taxes Investment earnings Other State sources Federal sources Total revenue by source June 30, 2006 $ 1,158,009 391,840 1,394,874 47,352,334 2,039,426 $52,336,483 General Fund expenditure by object Year ended June 30, 2006 $31,591,393 8,743,446 8,931,945 1,746,930 1,079,034 314,515 $52,796,714 Salaries Employee benefits Purchased services Supplies, materials, equipment Capital expenditures Debt service Total expenditures Expenses for fiscal year 2006 (all funds) Source: Comprehensive Annual Financial Report, June 30, 2006— Auditor's note :: The district's expenditures are predominately related to educating students. Administration 3.6 Sites and Buildings 6.9 District Support Services 1.6 Fiscal /Other Fixed Costs 0.6 Elementary and Secondary Food Service 4.1 Regular Instruction 36.4 Community Service 3.9 Vocational Education Instruction 2.1 Depreciation Not Included in Special Education Instruction 18.1 Other Functions 4.7 Instructional Support Services 4.2 Interest and Fiscal Charges on Pupil Support Services 6.4 Long -Term Debt 7.4 Levy —what was promised —what was delivered Centennial residents approved a five -year $4.7 million op- erating levy referendum last November. The district prom- ised to use the first $2 million to keep up with inflation, which it has done. The district promised to use the remain- ing $2.7 million in several ways, listed below, followed by what has been delivered thus far. Promised * Reduce class sizes by restoring 15 -20 teachers * Restore paraprofessionals who work directly with students * Restore services (i.e. library, computer, TAG, counseling, music, art, technology, busing) * Purchase new textbooks * Update curriculum * Increase teacher /staff development * Aid the district with rising fuel costs * Help control extra - curricular fees * Slow the need for future budget reductions Delivered * Added back 27 teachers. * Added back eight paraprofessionals and kept three others added last year due to high class sizes (these staff members would have been cut without the levy). * Added funding and staff to Gifted Education, music at the secondary level, and high school counseling. Increased busing at the high school . * Increased the textbook budget by 60 percent which, over the course of several years, will allow Centennial to pur- chase up -to -date instructional materials across all curricular areas. * Learner outcomes are reassessed on a five -year cycle that includes reviewing student performance data, instructional best practices, alignment with Minnesota academic stan- dards, and identification of instructional strategies and cur- riculum resources to help meet those needs. The restoration of funds allows the district to more comprehensively ad- dress the identified instructional and curricular needs. * Staff development priorities are determined through an annual needs assessment conducted at the building and district level, along with state /federal mandates. Additional funding allows the district to improve the quality of these events, and approval of the CACS (Centennial Alternative Compensation System or Q Comp) increases staff develop- ment and provides a teacher mentorship program. Elemen- tary teachers received training this fall on a newly acquired data management system that simplifies data analysis and offers classroom tools to apply test scores directly to instruction. * Fuel cost expenses funded with the increase. * Reduced fees for extra-cur- ricular activities. * Suspended need to plan for budget reductions. ra D " 9, ediamna DaOn� k e R SAchZnE7MW1 7J1 9, I Au J grmnhtece ,bedanktA x rpAN SCHZSN�4.�! Q n f rat KF z* h Levy spending 117 accountability M THANK YOU �DankeSchonl " QBRIGADD�G s MERI ah nft• 1— LA Test results show accountability State graduation requirements Students who entered grade 8 in 2004 -05 or earlier must pass the BSTs in reading, math and writing. The reading and math tests are first administered in grade 8; the writ- ing test in grade 10. Students can retake any of these tests twice each year and three times in grade 12. Students entering grade 8 in 2005 -06 or later will take the MCAII /GRAD (written composition in grade 9, reading in grade 10, math in grade 11). Students must obtain a score indicating proficiency on each test. Written composition test results , January, 2006: *Centennial received a 95 percent passage rate (state aver- age is 92.65 percent) and rates have risen each year since 2002. *The average score of 3.7 is the highest ever recorded at Centennial and is one of the top two scores in a neighbor- ing district comparison. Students must earn a score of 3 or above on a scale of 0 to 6 to pass. The state average is 3.5 District Evaluation Tools Federal No Child Left Behind requirements The Minnesota Comprehensive Assessments - Series II (MCA II) are the state reading and math tests that meet the require- ments of No Child Left Behind (NCLB). Like their predecessors, the MCA - Series I assessments, these tests, administered in the spring, are used to determine whether schools and districts have made adequate yearly progress (AYP) against the accountability standards established under NCLB. These tests and the academic standards • to which they are aligned are both new. Scores attained on the MCA II are not comparable with scores on previous administrations of the MCA I. 2006 MCA II test scores will be available after Nov. 15. Measures of Academic Progress (MAP) is an annual measurement of student achievement in math and reading skills for grades 2 -7. MAP data allows teachers to more critically examine instruction and curriculum, which ensures district ac- countability and allows Centennial to make changes and modifications in curriculum and instruction to increase student success. The test is nationally norm referenced which allows Centennial to compare results with students across the na- tion. Scores are reported as a scale score called a RIT score. Students test in the fall and spring in reading and math. MAP District average scores compared to national averages (2005 -06) Reading Mathematics Grade District /Nation District /Nation 2 191.3/188.2 196.7/190.6 3 201.7/197.9 206.9/201.7 4 210.8/205.0 217.5 /210.4 5 217.4/210.6 227,6/219.3 6 222.5/215.0 238.0 /223.3 7 225.6/218.1 244.5/228.0 Yearly growth targets: Average fall to spring growth Reading Math Grade 2 3 4 5 6 7 Target 13.5 9.0 5.7 4.6 3.4 2.9 Centennial 15.7 12.0 8.0 7.3 5.5 4.2 Target 13.3 10.5 8.2 8.4 6.9 5.6 Centennial 16.9 14.5 10.8 11.7 13.5 11.8 For a detailed look at the district testing program results, curriculum development and goals, school improve- ment plans and more, see the 2005- 06Annual Report on Curriculum, Instruction and Student Achievement online at www.isd12.org/district curriculum /index.htm or call 763- 792 -6108 for a copy. id The average lifetime earning fo school is $936,000 The average lifetime earning of a school is $1,216,000.. Therefore, a high school d rills $936,000)' 1111310W:. a student who does not finish high who does finish high ploma is worth $280,0110 (1,216,00 rni studen CENTENNIAL SCHOOL DISTRICT NO. 12 Fact Sheet October 2006 Population: 40,870 residents Geography: 28.27 square miles Communities Serviced: Blaine (part), Centerville, Circle Pines, Lexington, Lino Lakes (part) Schools: Five elementary; One middle; One high school; One alternative learning center (leased); One early childhood center (leased) Square footage cleaned: 1,189,264 (IDS Center + 200,000 square feet) Acreage maintained: 235.5 Acres Students: Total 6,986 Elementary 2,874 Middle 1,710 High 2,257 CALC 145 Staff: 513 (certified) 445 (classified) Budget: $52,336,483 Fund Balance: $2,631,875 Graduate: 497 (2006) 515 (2007) Attendance: 95 -97% Expulsions: 7 (high school) 1 (middle school) Suspensions (3 -5 days): 39 (high school) 15 (middle school) Activities Participation (Duplicated): 2,810 (high school) 5,092 (middle school) Meals Served/Year: 49,446 breakfast 781,656 lunch RBW:dkh 10- 19- 06Stockholder BBI 25 -bond (Revenue) and 20 -bond (G.O.) Rates for 5.9% 5.7% 5.5% 5.3% y 5.1% re 4.9% 4.7% 4.5% 4.3% 4.1% Five Years Ending October 19, 2006 10/19/2006 25 bond: 4.79% 20 bond: 4.33% �°'\p� �°' pay �'4,, x°,41.• �°, pp �°' ^� �°, 3 �'4„ ,.°' D �°,4›, �°'4) �°' h x,40 �°,\p0 �°'fSo �°, \p�O ti Dates The Treasury Market BBI 25 Bond BBI 20 Bond U.S. Treasury obligations are the foundation of the credit markets. The accompanying chart provides a five -year trend of bills, notes and bonds covering a range of maturities. 7.00% 6.00% 5.00% d 4.00% rc 3.00% 2.00% 1.00% 0.00% 10-year, 1-year and 3 -month Treasury Rates for Five Years Ending October 13, 2006 10/13/2006 �►��,.. 10 -yr: 4.81% �.. ‘,N. 1 -yr: 5.05% 3 -mnth: 5.05% No\p\ o0o' o�pti o�pti o�oo o�po�o\po $ $ re r'P o�,o°3 0) 46° of ,`p R\ ro\ ,gyp\ cL\ 6\ ,p\ ti ca\ ,gyp\ 6\ NO ti Dates — 10 -Year — 1 -Year — 3Nbnth EXPENDITURES OCTOBER 23, 2006 • Date: 10/06/2006 Time: 13:12:38 City of Lino Lakes FM Entry - Invoice Journal Os Vendor #: (A) Invoice #: (A) Entry Journal #: (r) 5766 - 5766 Trans #: (A) Line #: (A) Due Date: (A) Bank #: (A) Options: Detail / Summary: s Sort: N Vendor # Name Operator: JAL Page: 1 Invoice Status: A # of copies: 1 Check Over Expend: N # of items Discount Net Gross Discount Lost 000106 NELSON, ROBERT 000155 O'DEA, MARY JO 000221 RAFFERTY, ROBIN G. 000256 DEEP ROCK WATER COMPANY 000385 BROUILLET, KIMBERLY 000395 DEHAVEN, MARTHA 000405 RYDEEN, LESTER 000406 MCDOWELL, JEFF 000408 AFSCME COUNCIL #5 000409 NORMAN, SARAH •11 LADEN, PERRY 000523 TORGERSON, RICHARD D0O548 GRUNDHOFER, CONSTANCE 000582 CARLSON, BRYAN 000765 LINDERS, DAN 000766 VANCIL, DALE 000767 STOUTEN, BILL 000773 BELL- STOTERAU, BRIAN 000776 BANGERT, PHIL 000778 DEGEEST, SETH 000781 SANCHEZ, CHERYL 000784 GREVE, JASON • 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 150.00 150.00 .00 .00 150.00 150.00 .00 .00 150.00 150.00 .00 .00 30.25 30.25 .00 .00 50.00 50.00 .00 .00 100.00 100.00 .00 .00 43.91 43.91 .00 .00 50.00 50.00 .00 .00 814.63 814.63 .00 .00 100.00 100.00 .00 .00 150.00 150.00 .00 .00 20.00 20.00 .00 .00 100.00 100.00 .00 .00 25.00 25.00 .00 .00 80.00 80.00 .00 .00 20.00 20.00 .00 .00 20.00 20.00 .00 .00 50.00 50.00 .00 .00 27.50 27.50 .00 .00 40.00 40.00 .00 .00 20.00 20.00 .00 .00 20.00 20.00 .00 .00 Date: 10/06/2006 Time: 13:12:38 City of Lino Lakes Operator: JAL Page: 2 FM Entry - Invoice Journal Discount Name # of items Net Gross Discount Lost 000792 FARRIS, JAMES 1 85.00 85.00 .00 .00 000793 ROGAN, RON 1 45.00 45.00 .00 .00 000796 ZAREMBINSKI, DAN 1 27.50 27.50 .00 .00 000801 FRIE, ERIC 1 22.50 22.50 .00 .00 000803 HOSHAW, GARY 1 55.00 55.00 .00 .00 000811 METZMAKER, MIKE 1 22.50 22.50 .00 .00 000818 DRUCK, MARYLEE 1 40.00 40.00 .00 .00 000819 GRANT, KOREY 1 50.00 50.00 .00 .00 000825 MATHENY, MARGIE 1 20.00 20.00 .00 .00 000829 STEINBERG, RALPH 1 20.00 20.00 .00 .00 000831 PIERSON, COLLEEN 1 20.00 20.00 .00 .00 000832 NOWACKI, ISAAC 1 25.00 25.00 .00 .00 000834 NARLOCK, BRIAN 1 25.00 25.00 .00 .00 000835 ZIPEL, ROBIN 1 80.00 B0.00 .00 .00 000836 FREDICKSON, AARON 1 20.00 20.00 .00 .00 111/138 ANDERSON, MIKE 1 20.00 20.00 .00 .00 000840 MOLDENHAUER, ANDY 1 40.00 40.00 .00 .D0 000842 MORK, KYLE 1 40.00 40.00 .00 .00 000845 PEACOCK, PHIL 1 40.00 40.00 .00 .00 000851 LARSON, MARY 1 20.00 20.00 .00 .00 000854 GROW, CHRIS 1 25.00 25.00 .00 .00 000856 BOYER, PETE 1 20.00 20.00 .00 .00 000858 CAPISTRANT, TED 1 50.00 50.00 .00 .00 000866 KUEHBORN, ROB 1 20.00 20.00 .00 .00 000873 FUHR, MARK 1 20.00 20.00 .00 .00 000878 ROUTHE, STEVEN 1 50.00 50.00 .00 .00 000885 PEICKERT, LORI 1 28.00 28.00 .00 .00 • Date: 10/06/2006 Time: 13:12:39 City of Lino Lakes FM Entry - Invoice Journal Name Operator: JAL Page: 3 Discount # of items Net Gross Discount Lost 000889 GREENSWEIG, DAN 1 27.50 27.50 .00 .00 000898 QAMHIEH, HATEM 1 27.50 27.50 .00 .00 000902 RESLER, ERIC 1 27.50 27.50 .00 .00 000905 HYDEN, MICHAEL 1 150.00 150.00 .00 .00 000912 RAFFERTY, MARK 3. 22.50 22.50 .00 .00 000916 ERICKSON, CHAD 1 198.80 198.80 .00 .00 000924 GRAY, JON 1 210.31 210.31 .00 .00 000925 KIRBERGER, BOB 1 50.00 50.00 .00 .00 000928 SULLIVAN, MELISSA 1 31.00 31.00 .00 .00 000932 SCHUSTED, TERA 1 25.00 25.00 .00 .00 000934 SLAGA, KATHY 1 26.00 26.00 .00 .00 000936 ST. MICHAEL, CITY OF 1 50.00 50.00 .00 .00 000938 STEVENS, MARTIN & MARY 1 500.00 500.00 .00 .00 000939 VANSCHOONHOVEN, CORY 1 288.06 288.06 .00 .00 001100 CIRCLE PINES POST OFFICE 1 468.20 468.20 .00 .00 •87 CONNEXUS ENERGY 1 3,949.57 3,949.57 .00 .00 001859 HOME DEPOT CREDIT SERVICES 1 1,146.32 1,146.32 .00 .00 002130 TRALLE, PAUL 1 150.00 150.00 .00 .00 002208 LAW ENFORCEMENT LABOR SERVICES, INC. 1 851.00 851.00 .00 .00 002517 MEADOW VIEW HOMES 1 2,500.00 2,500.00 .00 .00 002694 AMERICAN MESSAGING 1 26.94 26.94 .00 .00 002700 CENTERPOINT /MINNEGASCO, INC. 1 383.74 383.74 .00 .00 002931 MN CHILD SUPPORT PAYMENT CENTER 1 246.42 246.42 .00 .00 003443 OTTER LAKE ANIMAL CARE CENTER, INC. 1 156.92 156.92 .00 .00 003590 GLINSEK, BOB 1 45.00 45.00 .00 .00 003781 TLACHAC, STEVE 1 45.00 45.00 .00 .00 003782 VAIL, JIM 1 55.00 55.00 .00 .00 Date: 10/06/2006 Time 13:12:39 City of Lino Lakes FM Entry - Invoice Journal Operator: JAL Page: 4 Discount r # Name # of items Net Gross Discount Lost 003790 DEWIDT, ROB 1 55.00 55.00 .00 .00 004001 PIERSON, TINA 1 40.00 40.00 .00 .00 004608 POGALZ, BRIAN 1 150.00 150.00 .00 .00 004609 ROOT, MICHAEL 1 100.00 100.00 .00 .00 004666 BOR, BARBARA 1 100.00 100.00 .00 .00 004766 WALMSLEY, MARK 1 40.00 40.00 .00 .00 007109 BLAKE BUILDERS, INC. 2 1,000.00 1,000.00 .00 .00 007135 BROWN, GLORIA 1 80.00 80.00 .00 .00 007136 DANZL, LORI 1 25.00 25.00 .00 .00 007148 NARDECCHIA, JOHN 1 45.00 45.00 .00 .00 007150 NELSON, BRIAN 1 25.00 25.00 .00 .00 007151 PANGELL, MARK 1 55.00 55.00 .00 .00 007152 PAYNE, ALLEN 1 40.00 40.00 .00 .00 007153 SCHOEBERL, KAYLENE 1 50.00 50.00 .00 .00 007157 THORESON, STEVE 1 40.00 40.00 .00 .00 111/i58 TUMA, KEVIN 1 45.00 45.00 .00 .00 159 UECKER, RUSSEL 1 27.50 27.50 .00 .00 007160 WEIGOLD, ANGELA 1 50.00 50.00 .00 .00 007161 VALENTO, TIM 1 100.00 100.00 .00 .00 007162 ACKERMAN, GRANT 1 80.00 80.00 .00 .00 007164 NORDQUIST, DAVE 1 40.00 40.00 .00 .00 00845 BEILBY, MICHELLE 1 50.00 50.00 .00 .00 900046 ORTH, DANIEL 1 40.00 40.00 .00 .00 900058 HANSON BUILDERS, INC. 1 500.00 500.00 .00 .00 900224 NORTH COUNTRY BUILDERS 1 2,500.00 2,500.00 .00 .00 Grand Totals: 102 20,077.57 20,077.57 .00 .00' • Date: 10/12/2006 Time 09:51:13 City of Lino Lakes FM Entry - Invoice Journal Ses: Vendor #: (A) Invoice #: (A) Entry Journal #: (R) 5777 5777 Trans #: (A) Line #: (A) Due Date: (A) Bank #: (A) Options: Detail / Summary: 5 Operator: JAL Page: 1 Invoice Status: A # of copies: 1 Sort: N Check Over Expend: N Discount Vendor # Name # of items Net Gross Discount Lost 000057 PREMIUM WATERS, INC. 1 31.59 31.59 .00 .00 000065 SCHARBER & SONS, INC. 1 515.90 515.90 .00 .00 000093 ACE SOLID WASTE, INC. 1 501.11 501.11 .00 .00 000108 RODRIGEUZ, RICH 1 35.00 35.00 .00 .00 000157 ALL SEASONS RENTAL, INC. 1 116.36 116.36 .00 .00 000162 BARNA, GUZY & STEFFEN, LTD. 1 451.50 451.50 .00 .00 000174 W. W. GOETSCH ASSOCIATES, INC. 1 2,705.10 2,705.10 .00 .00 000193 ABBA TROPHY, INC. 1 9.48 9.48 .00 .00 000210 AMERICAN FASTENER & SUPPLY, INC. 1 150.17 150.17 .00 .00 000225 WHITE BEAR LOCKSMITH, INC. 1 B.30 8.30 .00 .00 IIIII48 DEPARTMENT OF LABOR /INDUSTRY 2 170.00 170.00 .00 .00 1303 INSTRUMENTAL RESEARCH, INC. 1 142.50 142.50 .00 .00 000318 AMERIPRIDE LINEN /APPAREL SERVICES, INC. 1 95.53 95.53 .00 .00 0.00332 MCKINZIE METRO APPRAISAL 1 5,800.00 5,800.00 .00 .00 000370 CENTRAL COMMUINICATIONS 3 2,453.28 2,453.28 .00 .00 000403 ANOKA COUNTY SHERIFF 1 187.44 187.44 .00 .00 000421 ANOKA COUNTY TREASURER 2 871.50 871.50 .00 .00 000446 DENTZ, PAUL 1 42.50 42.50 .00 .00 000465 MN DEPT OF ADMIN /INTECH GROUP 1 37.00 37.00 .00 .00 000541 ASPEN MILLS, INC. 1 51.65 51.65 .00 .00 000621 LYDEN, CHRISTOPHER 1 70.00 70.00 .00 .00 000631 BENGTSON, PAUL 1 127.27 127.27 .00 .00 Date: 10/12/2006 Time: 09:51:14 City of Lino Lakes FM Entry - Invoice Journal • Name Operator: JAL Page: 2 Discount # of items Net Gross Discount Lost 000649 MSTMA C/0 RANDY BASTYR 1 105.00 105.00 .00 .00 M 000698 KEY LAND HOMES 1 2,500.00 2,500.00 .00 .00 0007128 MEANY, CHUCK 1 35.00 35.00 .00 .00 - 000724 BLUE TOW SERVICE, INC. 1 116.83 116.83 .00 .00 000770 BOYER TRUCKS, INC. 1 47.91 47.91 .00 .00 000791 AUST CONSTRUCTION 1 700.00 700.00 .00 .00 000792 FARRIS, JAMES 1 65.00 65.00 .00 .00 000835 ZIPEL, ROBIN 1 60.00 60.00 .00 .00 000860 BROADWAY AWARDS, INC. 1 23.43 23.43 .00 .00 000883 LAMERE, DOUG 1 37.50 37.50 .00 .00 000900 O'REILLY AUTOMOTIVE, INC. 1 246.90 246.90 .00 .00 000930 WILLIAM G. HAWKINS & ASSOCIATES 1 13,516.20 13,516.20 .00 .00 000940 FABIAN, BOB 1 37.50 37.50 .00 .00 000941 EWALD, ROB 1 42.50 42.50 .00 .00 000943 MOSENG, DEAN 1 42.50 42.50 .00 .00 111045 FEELA, FRANK 1 40.00 40.00 .00 .00 000946 C. P. OFFICE PRODUCTS 3 603.10 603.10 .00 .00 000949 SCHOTTERS, MIKE 1 35.00 35.00 .00 .00 000951 WEIERS, JOHN 1 70.00 70.00 .00 .00 000952 OSTERGREN, JERRY 1 75.00 75.00 .00 .00 000953 WALKER, BILL 1 35.00 35.00 .00 .00 000955 CLARK, ROB 1 40.00 40.00 .00 .00 000956 JOHNSON, BRIAN 1 80.00 80.00 .00 .00 000957 LINDSEY, DARRIN 1 35.00 35.00 .00 .00 000958 NEWTON, MARK 1 35.00 35.00 .00 .00 000959 OLMSCHENK, JOHN 1 35.00 35.00 .00 .00 000961 PALERMO, JOE 1 35.00 35.00 .00 .00 • Date: 10/12/2006 Time: 09:51:14 City of Lino Lakes FM Entry - Invoice Journal Operator: JAL Page: 3 Discount 11111r # Name # of items Net Gross Discount Lost 000963 MEIERHOFER, JOHN 1 35.00 35.00 .00 .00 000965 PEARSON, JASON 1 40.00 40.00 .00 .00 000968 TRETTEL, DALE 1 35.00 35.00 .00 .00 000969 OLUFSON, THOR 1 70.00 70.00 .00 .00 000974 PESCH, RICK 1 70.00 70.00 .00 .00 000975 KIRCHOFF, BOB 1 70.00 70.00 .00 .00 000978 HENDERSON, TIM 1 35.00 35.00 .00 .00 000980 UNITED RENTALS, INC. 1 16.68 16.68 .00 .00 000981 QUARVE, PAT 1 35.00 35.00 .00 .00 000982 FREDISON, AARON 1 20.00 20.00 .00 .00 000983 ADMINISTRATION RESOURCES CORPORATION 1 30.15 30.15 .00 .00 000985 COMMERCIAL CONTAINER, LLC 1 250.00 250.00 .00 .00 000987 HCJAC /SUSAN CARSTENS 1 20.00 20.00 .00 .00 000989 MCPA (MN CRIME PREVENTION ASSOC) 1 75.00 75.00 .00 .00 000993 PETERSON BROTHERS ROOFING 1 1,049.75 1,049.75 .00 .00 •98 AGGREGATE INDUSTRIES, INC. 1 99.41 99.41 .00 .00 001004 BIEHN CONSTRUCTION 1 2,302.30 2,302.30 .00 .00 001012 SALEWSKI, ALISA 1 21.00 21.00 .00 .00 001040 CENTENNIAL FIRE DISTRICT 1 120,381.50 120,381.50 .00 .00 001090 RECKARD, BILL 1 70.00 70.00 .00 .00 001101 CENTENNIAL LAKES POLICE DEPARTMENT 1 3,431.00 3,431.00 .00 .00 001113 SANDERS, BRAD 1 75.00 75.00 .00 .00 001165 TRETTEL, GARY 1 70.00 70.00 .00 .00 001260 ACCLAIM BENEFITS 1 164.80 164.80 .00 .00 001267 FAST BREAK CORNER MARKET, INC. 1 28.74 28.74 .00 .00 001270 DALCO, INC. 3 307.71 307.71 .00 .00 001292 DEHN OIL COMPANY, INC. 1 4,147.02 4,147.02 .00 .00 • Date: 10/12/2006 Time: 09:51:14 City of Lino Lakes FM Entry - Invoice Journal • Name Operator: JAL Page: 4 Discount # of items Net Gross Discount Lost 001530 FOREST LAKE FORD, INC. 1 45.48 45.48 .00 .00 001560 FRATTALLONE'S HARDWARE, INC. 1 81.62 81.62 .00 .00 001600 GALL'S INC. 1 260.32 260.32 .00 .00 001618 GLENN REHBEIN EXCAVATING, INC. 1 213,829.09 213,829.09 .00 .00 001621 GREG LARSON SPORTS - GLS, INC. 1 267.69 267.69 .00 .00 001680 ONE CALL CONCEPTS, INC. 1 426.30 426.30 .00 .00 001814 HARDWOOD CREEK LUMBER, INC. 1 147.18 147.18 .00 .00 001840 HILLESHEIM, TIM 1 29.76 29.76 .00 .00 001847 HIRSHFIELD'S PAINT MANUFACTURING,IN 1 297.88 297.88 .00 .00 001880 HUGO FEED MILL & ELEVATOR, INC. 1 12.60 12.60 .00 .00 002177 SUBURBAN LAW ENFORCEMENT ASSOCIATION 1 20.00 20.00 .00 .00 002310 LEAGUE OF MINNESOTA CITIES 1 12,697.00 12,697.00 .00 .00 002328 LEEF BROTHER, INC. 1 21.88 21.88 .00 .00 002330 LICHTSCHEIDL, DAVE 1 139.95 139.95 .00 .00 002332 LIFE SAFETY SYSTEMS, INC. 2 3,877.78 3,877.78 .00 .00 1111140 LITTLE FALLS MACHINE, INC. 1 2,492.10 2,492.10 .00 .00 002550 MENARDS, INC. 2 229.49 229.49 .00 .00 002551 ANDERSON, JOE 1 35.00 35.00 .00 .00 002570 METRO COUNCIL WASTEWATER SERVICES 1 142,970.70 142,970.70 .00 .00 002584 METRO SALES INCORPORATED 1 727.47 727.47 .00 .00 002721 B.E.M. CONSULTING 1 1,000.00 1,000.00 .00 .00 002836 MINNESOTA STATE TREASURER 1 7,242.21 7,242.21 .00 .00 003123 NATURE CALLS, INC. 1 765.80 765.80 .00 .00 003220 FACTORY MOTOR PARTS COMPANY, INC. 1 901.99 901.99 .00 .00 003250 XCEL ENERGY 2 4,896.64 4,896.64 .00 .00 003270 WEBER, JIM 1 35.00 35.00 .00 .00 003284 FROST, JEFFREY 1 163.86 163.86 .00 .00 • Date: 10/12/2006 Time 09:51:14 City of Lino Lakes FM Entry - Invoice Journal •r # Name Operator: JAL Page: 5 Discount # of items Net Gross Discount Lost 003370 NYSTROM PUBLISHING COMPANY, INC. 1 2,064.56 2,064.56 .00 .00 003600 PRESS PUBLICATIONS, INC. 1 909.64 909.64 .00 .00 003880 SHORT - ELLIOTT - HENDRICKSON, INC. 1 10,827.66 10,827.66 .00 .0D 003882 SHRED -IT, INC. 2 123.55 123.55 .00 .00 003900 SAFETY KLEEN CORPORATION, INC. 1 462.00 462.00 .00 .00 003910 SAM'S CLUB, INC. 1 295.19 295.19 .00 .00 003975 HURLEY, TERRY 1 70.00 70.00 .00 .00 003990 SHOREVIEW, CITY OF 1 3,290.16 3,290.16 .00 .00 004001 PIERSON, STEVE 1 70.00 70.00 .00 .00 004059 SMYSER, JEFF 1 51.54 51.54 .00 .00 004130 ST. PAUL PIONEER PRESS, INC. 1 753.43 753.43 .00 .00 004172 STATE OF MINNESOTA 1 390.00 390.00 .00 .00 004240 STREICHER'S, INC. 1 183.07 183.07 .00 .00 004340 T.A. SCHIFSKY AND SONS, INC. 1 1,770.86 1,770.86 .00 .00 004410 THANE HAWKINS POLAR CHEVROLET, INC. 1 461.23 461.23 .00 .00 •27 TIMESAVER OFF -SITE SECRETARIAL, INC 2 316.50 316.50 .00 .00 004530 TURF SUPPLIES, INC. 1 2,790.30 2,790.30 .00 .00 004560 U 5 BANK 1 2,310.92 2,310.92 .D0 .00 004562 NATIONAL WATERWORKS /HUGHES SUPPLY, INC. 2 7,096.08 7,096.08 .00 .00 004590 UNIFORMS UNLIMITED, INC. 2 800.88 800.88 .00 .00 004840 WINNICK SUPPLY, INC. 1 192.46 192.46 .00 .00 007117 BACKMAN, PAUL 1 35.00 35.00 .00 .00 007118 FRITZ, JEFF 1 35.00 35.00 .00 .00 007122 HENKE, BRAD 1 35.00 35.00 .00 .00 007123 HOKKANEN, JAMES 1 35.00 35.00 .00 .00 007125 KUZEL, RANDY 1 70.00 70.00 .00 .00 007126 LOVE, DARRIN 1 70.00 70.00 .00 .00 • Date: 10/12/2006 Time 09:51:14 City of Lino Lakes FM Entry - Invoice Journal Name Operator: JAL Page: 6 Discount # of items Net Gross Discount Lost 007131 SOLER, LARRY 1 35.00 35.00 .00 .00 007133 VEENEMAN, PAUL 1 70.00 70.00 .00 .00 900330 BERBEE INFORMATION NETWORKS CORPORATION 1 2,045.03 2,045.03 .00 .00 900494 NORTHERN ESCROW, INC. 3 301,323.75 301,323.75 .00 .00 Grand Totals: 151 898,816.21 898,816.21 .00 .00* • Date: 10/12/2006 Time: 10:00:29 Operator: JAL Ranges: Options: FM Entry Page: 1 City of Lino Lakes Invoice Payment - Approval of Bills Fund: (A) Dept Id: (A) Program: (A) Vendor #: (A) Invoice #: (A) Schedule Journal #: (R) Bank #: (A) Cash #: (A) Payroll Check Dates: (A) Print: D Report Format: 1 # of copies: 1 Total By Account: Y Check # Vendor Alpha Name 5768 5778 Sort: D Print Ranges /Options: Y Process Payroll: N Page on Sort: N Description Dept Amount 77906 ACKERMAN, GRANT 77907 AFSCME COUNCIL #5 0 ANDERSON, JOE 77909 ANDERSON, MIKE 0 AUST CONSTRUCTION 0 BACKMAN, PAUL 77910 BANGERT, PHIL 77911 BEILBY, MICHELLE -- •77912 BELL - STOTERAU, BRIAN O BIEHN CONSTRUCTION 77913 BLAKE BUILDERS, INC. O BLUE TOW SERVICE, INC. 77915 BOYER, PETE gra917 BROWN, GLORIA 918 CAPISTRANT, TED 77919 CARLSON, BRYAN 0 CENTENNIAL LAKES POLIC 0 CLARK, ROB 77922 DANZL, LORI 77924 DEGEEST, SETH O DENTZ, PAUL 77926 DEWIDT, ROB 77927 DRUCK, MARYLEE O EWALD, ROB O FABIAN, BOB O FARRIS, JAMES 77929 FARRIS, JAMES O FEELA, FRANK 77930 FREDICKSON, AARON O FREDISON, AARON 77931 FRIE, ERIC O FRITZ, JEFF 77932 FUHR, MARX 77933 GLINSEK, BOB 77934 GRANT, KOREY 77936 GREENSWEIG, DAN • REIMBURSE PROGRAM REC * * * * * * ** PAYROLL WITHHOLDING * * * * * * ** REIMBURSE PROGRAM REC * * * * * * ** REIMBURSE PROGRAM REC * * * * * * ** REIMS BLDG ESCROW /6298 H * * * * * * ** REIMBURSE PROGRAM REC * * * * * * ** REIMBURSE PROGRAM REC * * * * * * ** REIMBURSE PROGRAM REC * * * * * * ** REIMBURSE PROGRAM REC * * * * * * ** REIMS BLDG ESCROW /2110 N * * * * * * ** REIMB BLDG ESCROW /6473 L * * * * * * ** '02 DODGE INTREPID * * * * * * ** REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC SERVICES /EAGLEBROOK REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * *** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * ** * * * ** 80.00 814.63 35.00 20.00 700.00 35.00 27.50 50.00 50.00 2,302.30 1,000.00 116.83 20.00 80.00 50.00 25.00 3,431.00 40.00 25.00 40.00 42.50 55.00 40.00 42.50 37.50 65.00 85.00 40.00 20.00. 20.00 22.50 35.00 20.00 45.00 50.00 27.50 Date: 10/12/2006 Time: 10:00:29 Operator: JAL • Page: 2 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Check # Vendor Alpha Name Description Dept Amount 77937 GREVE, JASON 77938 GROW, CHRIS 77940 HANSON BUILDERS, INC. 0 HENDERSON, TIM O HENKE, BRAD O HOKKANEN, JAMES 77942 HOSHAW, GARY 0 HURLEY, TERRY O JOHNSON, BRIAN O KEY LAND HOMES 0 KIRCHOFF, BOB 77945 KUEHBORN, ROB • 0 KUZEL, RANDY LAMERE, DOUG LARSON, MARY LAW ENFORCEMENT LABOR LINDERS, DAN LINDSEY, DARRIN LOVE, DARRIN LYDEN, CHRISTOPHER MATHENY, MARGIE MEADOW VIEW HOMES MEANY, CHUCK MEIERHOFER, JOHN METRO COUNCIL WASTEWAT METZMAKER, MIKE MINNESOTA STATE TREASU MN CHILD SUPPORT PAYME MOLDENHAUER, ANDY MORK, KYLE MOSENG, DEAN NARDECCHIA, JOHN NARLOCK, BRIAN NELSON, BRIAN NEWTON, MARK NORDQUIST, DAVE NORTH COUNTRY BUILDERS NOWACKI, ISAAC 0 OLMSCHENK, JOHN O OLUFSON, THOR 77966 ORTH, DANIEL O OSTERGREN, JERRY 0 PALERMO, JOE 77968 PANGELL, MARK 77969 PAYNE, ALLEN 77970 PEACOCK, PHIL 0 PEARSON, JASON 77971 PEICKERT, LORI 0 PESCH, RICK REIMBURSE PROGRAM REC 0 PETERSON BROTHERS ROOF REIMBURSE PERMIT FEE /220 * * * * * * ** 0 77947 77948 77949 0 0 0 77950 77952 0 0 0 77953 0 .7955 7 955 77956 0 77957 77958 77959 0 77961 77963 77964 REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMS BLDG ESCROW /815 CO REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM AEC REIMBURSE PROGRAM AEC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMS BLDG ESCROW /1576 S REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC PAYROLL WITHHOLDING REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMB BLDG ESCROW /6451 P REIMBURSE PROGRAM AEC REIMBURSE PROGRAM REC SEPTEMBER SAC REIMBURSE PROGRAM REC 3RD QTR SURCHARGE PAY WITHHOLDING /TERRY ME REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE PROGRAM REC PROGRAM REC PROGRAM REC PROGRAM REC PROGRAM REC PROGRAM REC REIMS BLDG ESCROW /367 RA * * * * * * ** REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE PROGRAM REC PROGRAM REC PROGRAM REC PROGRAM REC PROGRAM REC PROGRAM REC PROGRAM REC 20.00 25.00 500.00 35.00 35.00 35.00 55.00 70.00 80.00 2,500.00 70.00 20.00 70.00 37.50 20.00 851.00 80.00 35.00 70.00 70.00 20.00 2,500.00 35.00 35.00 98,208.00 22.50 7,242.21 246.42 40.00 40.00 42.50 45.00 25.00 25.00 35.00 40.00 2,500.00 25.00 35.00 70.00 40.00 75.00 35.00 55.00 40.00 40.00 40.00 28.00 70.00 1,049.75 Date: 10/12/2006 Time: 10:00:29 Operator: JAL • Page: 3 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Check # Vendor Alpha Name Description Dept Amount 77972 PIERSON, COLLEEN O PIERSON, STEVE 77973 PIERSON, STEVE 77975 QAMHIEH, HATEM 0 QUARVE, PAT 77976 RAFFERTY, MARK O RECKARD, BILL 77978 RESLER, ERIC 0 RODRIGEUZ, RICH 77979 ROGAN, RON 77981 ROUTHE, STEVEN O SALEWSKI, ALISA 77983 SANCHEZ, CHERYL O SANDERS, BRAD 77984 SCHOEBERL, KAYLENE O SCHOTTERS, MIKE 77985 SCHUSTED, TERA O SHOREVIEW, CITY OF 77986 SLAGA, KATHY O SOLER, LARRY 77988 STEINBERG, RALPH 77989 STEVENS, MARTIN & MARY 77990 STOUTEN, BILL 77991 SULLIVAN, MELISSA 77992 THORESON, STEVE 77993 TLACHAC, STEVE 77994 TRETTEL, LICHARD o TRETTEL, DALE 0 TRETTEL, GARY 77996 TUMA, KEVIN 77997 UECKER, RUSSEL 77998 VAIL, JIM 77999 VALENTO, TIM 78000 VANCIL, DALE 0 VEENEMAN, PAUL 0 WALKER, BILL 78002 WALMSLEY, MARK 0 WEBER, JIM 0 WEIERS, JOHN 78003 WEIGOLD, ANGELA 0 WILLIAM G. HAWKINS 78004 ZAREMBINSKI, DAN O ZIPEL, ROBIN 78005 ZIPEL, ROBIN 77944 KIRBERGER, BOB O U S BANK • REIMBURSE PROGRM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM AEC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC UTILITY BILLING REIMBURSE PROGRAM REC REIMBURSE PROGRAM AEC REIMBURSE PROGRAM REC REIMS BLDG ESCROW /7125 REIMBURSE PROGRAM REIMBURSE PROGRAM REIMBURSE PROGRAM REIMBURSE PROGRAM REIMBURSE PROGRAM REC REC REC REC REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE PROGRAM & A FOXBOROUGH REIMBURSE PROGRAM REIMBURSE PROGRAM REIMBURSE PROGRAM Total for Dept ** PROGRAM REC PROGRAM PROGRAM PROGRAM PROGRAM PROGRAM PROGRAM REC REC REC REC REC REC PROGRAM REC PROGRAM REC PROGRAM AEC REC REC REC AEC * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** ** * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * *** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** REIMBURSE CONDUCT FEE ADULT SP PIZZA ADULT SP Total for Dept 202 20.00 70.00 40.00 27.50 35.00 22.50 70.00 27.50 35.00 45.00 50.00 21.00 20.00 75.00 50.00 35.00 25.00 11.13 26.00 35.00 20.00 500.00 20.00 31.00 40.00 45.00 20.00 35.00 70.00 45.00 27.50 55.00 100.00 20.00 70.00 35.00 40.00 35.00 70.00 50.00 65.00 27.50 60.00 80.00 129,274.27* 50.00 150.00 200.00* Date: 10/12/2006 Time: 10:00:29 Operator: JAL • Page: 4 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Check # Vendor Alpha Name Description Dept Amount 0 ANOKA COUNTY TREASURER PROGRAM REC 0 SAM'S CLUB, INC. POP /SUPPLIES 0 U S BANK PIZZA Total for Dept 205 SPECIAL SPECIAL SPECIAL 0 PRESS PUBLICATIONS, IN ADVERTISING YOUTH IN 0 U S BANK PIZZA YOUTH IN Total for Dept 207 480.00 10.76 161.40 652.16* 136.00 43.05 179.05* 0 B.E.M. CONSULTING OFFICIALS CHARGE YOUTH SP 1,000.00 0 GREG LARSON SPORTS - G FOOTBALL EQUIPMENT CART YOUTH SP 267.69 Total for Dept 208 1,267.69* O LEAGUE OF MINNESOTA CI DUES 2006 -2007 O NYSTROM PUBLISHING COM VISIONING POSTCARDS 0 PRESS PUBLICATIONS, IN ADVERTISING O TIMESAVER OFF -SITE SEC SEPT 25 O U S BANK PIZZA Total for Dept 401 0 0 0 0 0 0 0 ACCLAIM BENEFITS ADMINISTRATION RESOURC BARNA, GUZY & STEFFEN, PREMIUM WATERS, INC. PRESS PUBLICATIONS, IN FLEXIBLE SPENDING ADMINI ELIGIBLE PLAN /SEPTEMBER PROFESSIONAL SERVICES MONTHLY SERVICE /SEPTEMBE ADVERTISING ST. PAUL PIONEER PRESS ADVERTISING /POLICE U S BANK PIZZA •7987 ST. MICHAEL, CITY OF Total for Dept 402 REGISTRATION /PAULA Total for Dept 407 0 WILLIAM G. HAWKINS & A FOXBOROUGH Total for Dept 414 0 77943 77946 77960 77974 77977 77980 0 77995 • BENGTSON, PAUL HYDEN, MICHAEL LADEN, PERRY NELSON, ROBERT POGALZ, BRIAN RAFFERTY, ROBIN G. ROOT, MICHAEL SMYSER, JEFF TRALLE, PAUL 0 ABBA TROPHY, INC. 0 ANOKA COUNTY SHERIFF 0 ASPEN MILLS, INC. 0 BROADWAY AWARDS, INC. MILEAGE QUARTERLY QUARTERLY QUARTERLY QUARTERLY QUARTERLY QUARTERLY STIPEND STIPEND STIPEND STIPEND STIPEND STIPEND MAYOR /C0 MAYOR /CO MAYOR /co MAYOR /Co MAYOR /C0 ADMINIST ADMINIST ADMINIST ADMINIST ADMINIST OFFIC ADMINIST 12,697.00 2,064.56 290.64 316.50 238.72 15,607.42* 164.80 30.15 451.50 31.59 157.30 753.43 ADMINIST 1,512.07 3,100.84* S & J FINANCE MILEAGE /PARKING /DUES QUARTERLY STIPEND Total for Dept 416 PLATE RANGE HOURS AUDIO TUBE NAME PLATES LEGAL CO PLANNING PLANNING PLANNING PLANNING PLANNING PLANNING PLANNING PLANNING PLANNING POLICE POLICE POLICE POLICE 50.00 50.00* 13,087.20 13,087.20* 127.27 150.00 150.00 150.00 150.00 150.00 100.00 51.54 150.00 1,178.81* 9.48 187.44 51.65 23.43 Date: 10/12/2006 Time: 10:00:29 Operator: JAL Page: 5 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Check # Vendor Alpha Name Description Dept 0 C. P. OFFICE PRODUCTS 0 CENTRAL COMMUINICATION 77921 CONNEXUS ENERGY 77928 ERICKSON, CHAD 0 FACTORY MOTOR PARTS CO 0 FAST BREAK CORNER MARK 0 GALL'S INC. 77935 GRAY, JON 0 HCJAC /SUSAN CARSTENS 0 MCPA (MN CRIME PREVENT 0 METRO SALES INCORPORAT 0 MN DEPT OF ADMIN /INTEC 77967 OTTER LAKE ANIMAL CARE O SAM'S CLUB, INC. O SHRED -IT, INC. 0 STATE OF MINNESOTA O STREICHER'S, INC. 0 SUBURBAN LAW ENFORCEME 0 U S BANK O UNIFORMS UNLIMITED, IN UNIFORM SUPPLIES 78001 VANSCHOONHOVEN, CORY REIMBURSE EXPLORERS Total for Dept 420 OFFICE SUPPLIES POLICE VERIZON /SEPTEMBER POLICE MONTHLY SERVICE /OCTOBER POLICE REIMB EXPLORERS POLICE BATTERY /ROTOR /PADS /ALTER POLICE CAR WASHES POLICE UNIFORM SUPPLIES POLICE REIMBURSE EXPLORERS POLICE REGISTRATION /MELINDA B POLICE REGISTRATION /KAREN A POLICE MAINTENANCE AGREEMENT POLICE NETWORK USAGE /AUGUST POLICE REISSUE AP #77780 POLICE POP /SUPPLIES POLICE DESTROY CONFIDENTIAL MAT POLICE CONNECT CHARGES /SEPTEMBE POLICE SUPPLIES POLICE MEMBERSHIP /DAVE P POLICE PIZZA POLICE POLICE POLICE O CENTENNIAL FIRE DISTRI QUARTERLY BUDGET FIRE Total for Dept 421 O DEPARTMENT OF LABOR /IN REGISTRATION /VERN R- 2 BUILDING . 0 FRATTALLONE'S HARDWARE TAPE /TOOLS /RATCHET /HOSE/ BUILDING Total for Dept 422 0 AGGREGATE INDUSTRIES, SAND . 0 AMERICAN FASTENER & SU NUTS /WASHERS /CAPS 77908 AMERICAN MESSAGING MONTHLY SERVICE /OCTOBER 77921 CONNEXUS ENERGY MONTHLY SERVICE /OCTOBER O HARDWOOD CREEK LUMBER, SNOW MARKERS 0 MENARDS, INC. TART /ANGLE O T.A. SCHIFSKY AND SONS ASPHALT Total for Dept 430 STREETS STREETS STREETS STREETS STREETS STREETS STREETS O AMERICAN FASTENER & SU NUTS /WASHERS /CAPS FLEET O BOYER TRUCKS, INC. HANDLE ASSEMBLY FLEET O DEHN OIL COMPANY, INC. GASOHOL FLEET 0 FACTORY MOTOR PARTS CO BATTERY /ROTOR /PADS /ALTER FLEET O FOREST LAKE FORD, INC. SENSOR FLEET O HUGO FEED MILL & ELEVA FILTER -OIL FLEET O LEEF BROTHER, INC. SHOP TOWELS FLEET O LITTLE FALLS MACHINE, SAND BLAST /PAINT PLOWS FLEET O MENARDS, INC. SUPPLIES FLEET O O'REILLY AUTOMOTIVE, I TIRE VALVES /OIL FILTER /F FLEET 77982 RYDEEN, LESTER REIMBURSE CLOTHING ALLOW FLEET Amount 306.99 2,453.28 21.31 198.80 261.82 28.74 260.32 210.31 20.00 75.00 727.47 37.00 156.92 174.57 123.55 390.00 183.07 20.00 18.45 800.88 288.06 7,028.54* 120,381.50 120,381.50* 170.00 13.83 183.83* 99.41 25.12 8.98 852.60 147.18 63.64 1,770.86 2,967.79* 32.97 47.91 4,147.02 640.17 45.48 12.60 21.88 2,492.10 10.38 246.90 43.91 Date: 10/12/2006 Time: 10:00:29 Operator: JAL • Check # Page: 6 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Vendor Alpha Name Description 0 SCHARBER & SONS, INC. CHECK TRACTOR LIGHTS 0 THANE HAWKINS POLAR CH SOLONOID/ 0 UNITED RENTALS, INC. STOP SWITCH 0 WHITE SEAR LOCKSMITH, KEYS Total for Dept 431 0 0 0 0 77920 77921 0 77923 • 0 77941 0 0 0 0 0 0 0 77920 0 •921 0 0 77941 0 0 0 0 0 ACE SOLID WASTE, INC. AMERIPRIDE LINEN /APPAR BERBEE INFORMATION NET C. P. OFFICE PRODUCTS CENTERPOINT /MINNEGASCO CONNEXUS ENERGY DALCO, INC. DEEP ROCK WATER COMPAN FRATTALLONE'S HARDWARE HOME DEPOT CREDIT SERV LIFE SAFETY SYSTEMS, I SAM'S CLUB, INC. U S BANK XCEL ENERGY WASTE REMOVAL MAT RENTAL PHONES OFFICE SUPPLIES MONTHLY SERVICE /SEPTEMBE MONTHLY SERVICE /OCTOBER TOWELS /CAN LINERA /SCREEN Dept FLEET FLEET FLEET FLEET Amount GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME MONTHLY SERVICE / SEPTEMBE GOVERNME TAPE /TOOLS /RATCHET /HOSE/ GOVERNME NAILER KIT /BUSHING /PIPE GOVERNME FIRE ALARM INSPECTION GOVERNME POP /SUPPLIES GOVERNME PIZZA GOVERNME MONTHLY SERVICE / SEPTEMBE GOVERNME Total for Dept 432 ACE SOLID WASTE, INC. ALL SEASONS RENTAL, IN ANOKA COUNTY TREASURER CENTERPOINT /MINNEGASCO COMMERCIAL CONTAINER, CONNEXUS ENERGY FRATTALLONE'S HARDWARE HIRSHFIELD'S PAINT MAN HOME DEPOT CREDIT SERV LICHTSCHEIDL, DAVE MENARDS, INC. MSTMA C/O RANDY BASTYR NATURE CALLS, INC. TURF SUPPLIES, INC. WASTE REMOVAL MOWER RENTAL BIKE MAPS MONTHLY SERVICE / SEPTEMBE CONTAINER MONTHLY SERVICE /OCTOBER TAPE /TOOLS /RATCHET /HOSE/ STRIPPING PAINT NAILER KIT /BUSHING /PIPE REIMBURSE CLOTHING ALLOW SUPPLIES WORKSHOP /MIKE H, STEVE G PORTABLE RESTROOMS SUPPLIES Total for Dept 450 0 U S BANK PIZZA Total for Dept 452 77914 77916 77925 - 77939 77951 77962 77965 0 BOR, BARBARA BROUILLET, KIMBERLY DEHAVEN, MARTHA GRUNDHOFER, CONSTANCE MCDOWELL, JEFF NORMAN, SARAH O'DEA, MARY JO PRESS PUBLICATIONS, IN QUARTERLY STIPEND QUARTERLY STIPEND QUARTERLY STIPEND QUARTERLY STIPEND QUARTERLY STIPEND QUARTERLY STIPEND QUARTERLY STIPEND ADVERTISING Total for Dept 461 PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARK BOA ENVIRONM ENVIRONM ENVIRONM ENVIRONM ENVIRONM ENVIRONM ENVIRONM ENVIRONM 515.90 461.23 16.68 8.30 8,743.43* 383.29 95.53 2,045.03 296.11 134.06 1,418.28 307.71 30.25 14.44 69.27 3,877.78 109.86 142.94 4,626.22 13,550.77* 117.82 116.36 391.50 35.32 250.00 7.99 9.16 297.88 511.43 139.95 155.47 105.00 765.80 2,790.30 5,693.99* 44.29 44.29* 100.00 50.00 100.00 100.00 50.00 100.00 150.00 14.30 664.30* Date: 10/12/2006 • Check # Time 10:00:29 Operator: JAL Page: 7 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Vendor Alpha Name Description Dept Amount , 0 PRESS PUBLICATIONS, IN ADVERTISING 0 SAFETY KLEEN CORPORATI CRUSHED OIL FILTERS Total for Dept 462 , 0 77908 77920 77905 M 77921 0 0 0 77941 0 0 0 0 AMERICAN FASTENER & SU AMERICAN MESSAGING CENTERPOINT /MINNEGASCO CIRCLE PINES POST OFFS CONNEXUS ENERGY FRATTALLONE'S HARDWARE FROST, JEFFREY HILLESHEIM, TIM HOME DEPOT CREDIT SERV INSTRUMENTAL RESEARCH, NUTS /WASHERS /CAPS MONTHLY SERVICE /OCTOBER MONTHLY SERVICE /SEPTEMBE UTILITY BILLING POSTAGE MONTHLY SERVICE /OCTOBER TAPE /TOOLS /RATCHET /HOSE/ REIMBURSE CLOTHING ALLOW REIMBURSE CLOTHING ALLOW NAILER KIT /BUSHING /PIPE WATER SAMPLES NATIONAL WATERWORKS /HU METER INSTALLATION ONE CALL CONCEPTS, INC MONTHLY SERVICE /SEPTEMBE SHOREVIEW, CITY OF UTILITY BILLING Total for Dept 494 77908 AMERICAN MESSAGING MONTHLY SERVICE /OCTOBER 77905 M CIRCLE PINES POST OFFI UTILITY BILLING POSTAGE 77921 0 77941 0 0 0 0 0 • CONNEXUS ENERGY FRATTALLONE'5 HARDWARE HOME DEPOT CREDIT SERV METRO COUNCIL WASTEWAT ONE CALL CONCEPTS, INC SHOREVIEW, CITY OF W. W. GOETSCH ASSOCIAT XCEL ENERGY MONTHLY SERVICE /OCTOBER TAPE /TOOLS /RATCHET /HOSE/ NAILER KIT /BUSHING /PIPE SEPTEMBER SAC MONTHLY SERVICE /SEPTEMBE UTILITY BILLING IMPELLER /SEAL KIT MONTHLY SERVICE /SEPTEMBE Total for Dept 495 0 GLENN REHBEIN EXCAVATI CONTRACTOR /LEGACY 0 MCKINZIE METRO APPRAIS APPRAISAL REPORT /CSAH 0 NORTHERN ESCROW, INC. CONTRACTOR /LEGACY 0 SHORT - ELLIOTT - HENDRICK 35W /CSAH 23 /SEPTEMBER D WILLIAM G. HAWKINS & A FOXBOROUGH 0 WINNICK SUPPLY, INC. UNION /SALVE /PREVENTER Total for Dept 499 SOLID WA 311.40 SOLID WA 462.00 773.40* WATER 92.08 WATER 13.47 WATER 214.36 WATER 234.10 WATER 1,145.95 WATER 10.65 WATER 163.86 WATER 29.76 WATER 411.79 WATER 142.50 WATER 7,096.08 WATER 213.15 WATER 2,511.69 12,279.44* SEWER 4.49 SEWER 234.10 SEWER 503.44 SEWER 33.54 SEWER 153.83 SEWER 44,762.70 SEWER 213.15 SEWER 767.34 SEWER 2,705.10 SEWER 270.42 49,648.11* OTHER RO OTHER OTHER OTHER OTHER OTHER 213,829.09 5,800.00 301,323.75 10,827.66 364.00 192.46 532,336.96* Grand Total 918,893.78* • • • Centennial Fire District Check Register 10/18/2006 The disbursements listed below are submitted by the Centennial Fire District for your approval: DATE CHECK# NAME 10/18/2006 15347 10/18/2006 15348 10/18/2006 15349 10/18/2006 15350 10/18/2006 15351 10/18/2006 15352 10/18/2006 15353 10/18/2006 15354 10/18/2006 15355 10/18/2006 15356 10/18/2006 15357 10/18/2006 15358 10/18/2006 15359 10/18/2006 15360 10/18/2006 15361 10/18/2006 15362 10/18/2006 15363 10/18/2006 15364 10/18/2006 15365 10/18/2006 15366 10/18/2006 15367 10/18/2006 15368 10/18/2006 15369 10/18/2006 15370 10/18/2006 15371 10/18/2006 15372 Cedar Creek Automotive, Inc. Centennial Utilities Center Mart CenterPoint Energy City of Lino Lakes Clarey's Safety Equipment, Inc. Comcast Connexus Energy David Bruder Discount Tire Company Emergency Apparatus Maintenance Frattallone's Hardware Image Printing and Graphics Loffier Business Systems McLeod USA Milo Bennett MN Chapter IAAI /Jeffrey G. Schadegg Nextel Qwest Rick Bangert Summit Fire Protection Verizon Wireless Xcel Energy Sam's Club City of Lino Lakes Eric Wolleat Total 1 of 1 -23- ACCOUNT 42000 - Vehicle Maintenance 42251 - Station 1 - Gas 42100 - Fuel and Lube 42253 - Station 2 - Gas 41000 - Payroll Expenses 42110 - Other Maintenance 42180 - Office Supplies Expense 42252 - Station 1 - Electric 42130 - Equipment Expense 42000 - Vehicle Maintenance 42000 - Vehicle Maintenance 42110 - Other Maintenance 42180 - Office Supplies Expense 42180 - Office Supplies Expense 42240 - Telephone Expense 42180 - Office Supplies Expense 42200 - Dues and Memberships 42240 - Telephone Expense 42240 - Telephone Expense 40100 - Logistical Expenses 42110 - Other Maintenance 42240 - Telephone Expense 42254 - Station 2 - Electric 45010 - Safety Camp Expense 46000 - Firewise Expenses 46000 - Firewise Expenses AMOUNT 58.56 76.53 467.01 62.40 18,434.04 300.00 95.00 296.52 102.59 342.20 2,241.78 89.65 98.17 32.71 363.80 602.69 25.00 143.23 214.45 212.50 430.50 65.83 638.88 36.05 175.00 34.97 25, 640.06 • • • 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 CITY COUNCIL WORK SESSION DATE TIME STARTED TIME ENDED MEMBERS PRESENT MEMBERS ABSENT ITEM 1B DRAFT CITY OF LINO LAKES MINUTES OCTOBER 2, 2006 : October 2, 2006 . 5:42 p.m. . 10:10 p.m. : Councilmember Carlson, O'Donnell, Reinert, Stoltz and Mayor Bergeson : None Staff members present: City Administrator, Gordon Heitke; Community Development Director, Mike Grochala (part); City Engineer, Jim Studenski (part); Chief of Police, Dave Pecchia (part); City Planner, Jeff Smyser (part); Environmental Specialist, Marty Asleson (part); and City Clerk, Julie Bartell (part) SILVERA MEMORIAL City Administrator Heitke stated last April, during discussion of the legislation designating the Shawn Silvera Memorial Highway, the Council briefly discussed other possible forms of recognition. Naming a park was suggested as well the idea put forth by Officer Silver's friends and co- workers of the Lino Lakes Police Department that a memorial be constructed at the Police Station. Some thought and research had been put into a possible design and cost for that memorial. The minutes from that meeting note "that eventually a City policy should be drafted regarding memorials within the City ". It was concluded that at some time in the future this policy would be developed and discussed by the Council. City Administrator Heitke advised because the decision was made to wait 4 -5 years until some point in the future, staff has not developed a policy for Council consideration. City Administrator Heitke referred to Resolution No. 98 -47, which regulates the naming of parks within the City. He noted that the resolution was passed in response to a request to name a park after a family member. Jennifer Silvera came forward and a read a letter outlining her support for naming a park in honor of Shawn Silvera. Ms. Kay Stansbury came forward and stated she believes the City would be proud to name a park after Shawn Silvera. She stated we honor politicians, sports figures, etc. and we should also honor our police officers. 1 CITY COUNCIL WORK SESSION OCTOBER 2, 2006 DRAFT 1 Council directed staff to initiate a committee to establish a policy relating to memorials 2 within the City and to review Resolution No. 98-47 regulating the naming of parks within 3 the City. 4 5 Jennifer Silvera recommended Kay Stansbury to serve on that committee. 6 7 This item will be discussed again at a future Council work session. 8 9 CONCEPT PLAN /COMPREHENSIVE PLAN UPDATE /AMENDMENT — 10 ROBINSON FAMILY 11 12 Community Development Director Grochala stated the Robinson family has approached 13 the City and Lino Lakes Development, LLC to consider a master planned mixed use 14 residential community. The approximately 655 -acre development area is located in the 15 northwest quadrant of the City on what is predominately the Robinson Sod Farms. Lino 16 Lakes Development, LLC is comprised of Bancor Group, Plum Investment Company, 17 and Tradition Development as well as two other equity partners. The development team 18 has been involved in some of the premier residential developments in the Twin Cities 19 including Wild Meadows in Medina, Cobblestone Lake in Apple Valley and the Spirit of 20 Brandtjen Farm in Lakeville. 21 22 Community Development Director Grochala stated the Robinson Family and Lino Lakes 23 Development, LLC are aware that the City is beginning its 2008 Comprehensive Plan 24 update. They are requesting consideration of their concept and the opportunity for the 25 project to be evaluated as part of the City's comprehensive planning process. 26 27 Mr. Scott Robinson came forward and provided the history of the property and introduced 28 the development team lead. 29 30 Mr. David Newman, Bancor Group, introduced the partners within the development team 31 noting a key element throughout the process is trust between the City and development 32 team. 33 34 Mr. Peter Pflaum, Plum Investment, provided his background and reviewed previous 35 projects that he was involved with. 36 37 Mr. Tip Enebak, Tradition Development, also provided his background information 38 I noting the projects he has worked on. 39 40 Mr. Newman reviewed the concept plan for the site in detail noting their mission 41 statement and the benefits of a master planned community. He requested guidance from 42 the Council in terms of moving forward with the project. 43 44 Community Development Director Grochala provided the staff analysis of the land use 45 indicating the Council has previously discussed there are significant advantages to master 2 • • • CITY COUNCIL WORK SESSION OCTOBER 2, 2006 DRAFT 1 planning. However, these advantages must be balanced with the community attitudes 2 toward growth within the City. From this perspective there does not appear to be a better 3 opportunity to address this balancing act than by reviewing the project development as 4 part of the Comprehensive Plan update. 5 6 Community Development Director Grochala outlined the staff comments in response to 7 the developer's request and asked for Council direction on whether or not to proceed. 8 9 The Council indicated agreement that staff and the developer should proceed with the 10 next step within the process. 11 12 Mayor Bergeson called for a short break at 8:10 p.m. 13 14 Mayor Bergeson reconvened the meeting at 8:23 p.m. 15 16 REQUEST FOR CITY CODE AMENDMENT/EXCEPTION 17 18 Council Member Carlson indicated she would like an opinion from the City Attorney 19 regarding participating in this discussion. She advised she would move to the back of the 20 room and not participate until the City's Attorney's opinion is obtained. 21 22 City Administrator Heitke advised staff has received a request to grant an exception from 23 Section 402.02 of the City Code to not require the connection of Old St. Joes Church to 24 the City sewer system. It has been explained to staff that the restored building will be 25 used for special events such as weddings. 26 27 City Administrator Heitke stated staff finds that the proposed use of the facility, which 28 includes human occupancy and human use of the building, does not meet the grounds for 29 exemption by the Council as allowed for in Section 402.02, first paragraph. 30 31 City Administrator Heitke advised Mr. Brausen has also inquired as to whether the code 32 could be amended to accomplish his request. At this time staff has no recommendation 33 for amendment of this section of the code. 34 35 Mr. Theodore Brausen came forward and outlined his request for exception to the City 36 ordinance with special circumstances allowing them to install a storage tank for the sewer 37 system. 38 39 The Council directed staff to get an opinion from the City Attorney regarding the 40 requested exception from the City ordinance to install a storage tank. 41 42 NATURE'S REFUGE EAW 43 44 City Planner Smyser advised Nature's Refuge is a conservation development project that 45 was the topic of a May 31 presentation to a joint meeting of the City Council and all the 46 advisory boards. The site lies north of Main Street, generally between Lake Drive and 3 • • • CITY COUNCIL WORK SESSION OCTOBER 2, 2006 DRAFT 1 Wood Duck Trail. The project would have restoration and management plan for the 2 conservation area. 3 4 City Planner Smyser stated the City does not yet have a project application. The City does 5 have an Environmental Assessment Worksheet (EAW). information gathered through the 6 EAW process will inform the design of the project before the submittal of a formal 7 development application. 8 9 City Planner Smyser noted the process for distribution and comment on the EAW. The 10 City Council will then determine if potential impacts of the project are significant enough 11 to require the preparation of an Environmental Impact Statement. If not, the Council will 12 adopt a finding of no significant impact and the environmental review process ends. The 13 developer then will begin to prepare the final design of the project and application 14 information. 15 16 City Planner Smyser advised the decision to distribute the EAW for public comment is 17 not an approval of the development project. The City is following the environmental 18 review process as required by state statute and the rules of the EQB. 19 20 Council requested a list of agencies that the EAW will be distributed to. 21 22 This item will appear on the regular Council agenda Monday, October 9, 2006, 6:30 p.m. 23 24 REGULAR AGENDA ITEMS 25 26 Item 6B, Consider 1st Reading of Ordinance No. 10 -06, Rezone Certain Real Property 27 from LB, Limited Business, to NB, Neighborhood Business, Lot 1, Block 16, Millers 28 Crossroads, located at the southeast corner of Birch Street and Hodgson Road — It was 29 noted that this item should read "Second Reading ". 30 31 Item 1F, Consideration of Resolution No. 06 -160, approving a Special Event and Cabaret 32 Permit for Mansetti's Pizza for a Halloween Party with tent, music and beer garden on 33 Saturday and Sunday October 28 and 29 — The Council directed staff to inform Mansetti's 34 that the Council is concerned about excessive noise. 35 36 MNDOT DISBURSEMENT OF TURNBACK FUNDS 37 38 Community Development Director Grochala advised in 1996 the City Council entered 39 into an agreement with the State of Minnesota providing for a portion of Trunk Highway 40 49 to be turned back to the City. Approximately .28 miles of the roadway was transferred 41 to City jurisdiction. The roadway is not part of the City's Municipal State Aid Systems 42 MSAS). 43 44 Community Development Director Grochala stated under State requirements the City is 45 eligible to receive state aid reimbursement for reconstruction of the roadway or accept a 4 • • • CITY COUNCIL WORK SESSION OCTOBER 2, 2006 DRAFT 1 lump sum payment. The City is currently eligible to receive a lump sum payment in the 2 amount of $955,404.00. These funds are for use by the City on the state aid system. 3 4 This item will appear on the regular Council agenda Monday, October 9, 2006, 6:30 p.m. 5 6 NIMS TRAINING 7 8 Chief Pecchia distributed a copy of an email regarding training required by FEMA. He 9 stated the City needs to schedule a two -hour meeting to go over the procedures. He also 10 requested a half hour time slot at every Council work session to go over the plan. 11 12 The Council scheduled the NIMS training on December 12, 2006, 6:00 p.m. 13 14 ADDING AGENDA ITEMS 15 16 The Council directed staff to look into the City Code and state regulations regarding any 17 stipulations relating to Council Members adding agenda items for Council meetings and 18 work sessions. 19 20 This item will be discussed at the next Council work session. 21 22 VLAWMO UPDATE 23 24 City Administrator Heitke referred to a copy of the letter that was sent to VLAWMO 25 regarding the City's position on this matter. 26 27 CLOSED MEETING 28 29 City Administrator Heitke advised there would be a closed meeting Monday, October 9, 30 6:00 p.m. to discuss a personnel issue. 31 32 The meeting was adjourned at 10:10 p.m. 33 34 These minutes were considered, corrected and approved at the regular Council meeting held on 35 October 23, 2006. 36 37 38 39 40 Julianne Bartell, City Clerk John Bergeson, Mayor 41 42 43 Transcribed by: 44 Kim Points 45 TimeSaver Off Site Secretarial, Inc. 46 5 COUNCIL MINUTES DRAFT ITEM 1C OCTOBER 9, 2006 1 CITY OF LINO LAKES •2 MINUTES 3 4 5 DATE : October 9, 2006 6 TIME STARTED : 6:33 p.m. 7 TIME ENDED : 7:43 p.m. 8 MEMBERS PRESENT : Councilmember Carlson, O'Donnell, Reinert, 9 Stoltz and Mayor Bergeson 10 MEMBERS ABSENT : None 11 12 Staff members present: City Administrator, Gordon Heitke; City Attorney, Bill Hawkins; City 13 Planner, Jeff Smyser (part); Community Development Director, Michael Grochala; City Engineer, 14 Jim Studenski; Environmental Specialist, Marty Asleson (part); and City Clerk, Julie Bartell 15 16 OPEN MIKE 17 18 No one was present for open mike. 19 20 SETTING THE AGENDA 21 22 Item 1E, Approve Application for Excluded Bingo Permit Requested by Centennial Middle School 23 PTA for Bingo at the School was removed from the Consent Agenda. 24 25 Item 6Aii, Consider Resolution No. 06 -162, Approving Summary Publication of Ordinance No. 09 -06 26 was added to the regular agenda. 27 28 The agenda was approved as amended. 29 .30 CONSENT AGENDA 31 32 Council Member Reinert moved to approve the Consent Agenda, as amended. Council Member 33 Stoltz seconded the motion. Motion carried unanimously. 34 35 ITEM ACTION 36 37 Consideration of Expenditures: 38 39 October 9, 2006 (Check No. 77820 - 40 77904,$255,166.26) Approved 41 42 43 September 25, 2006 Council Work Session 44 Minutes Approved 45 1 • COUNCIL MINUTES OCTOBER 9, 2006 DRAFT 1 September 25, 2006 City Council Meeting 2 Minutes Approved 4110 34 Approve Application for Exempt Permit for 5 Lawful Gambling from Anoka County 6 Pheasants Forever for Raffle Approved 7 8 Resolution No. 06 -160, Approving Special 9 Event & Cabaret Permit for Mansetti's 10 Restaurant for a Halloween Party with Tent, 11 Music & Beer Garden on Saturday and 12 Sunday, October 28 and 29 Approved 13 14 FINANCE DEPARTMENT REPORT, AL ROLEK 15 16 There was no report from the Finance Department 17 18 ADMINISTRATION DEPARTMENT REPORT, DAN TESCH 19 20 Accept Resignation of Jeffrey Frost — City Administrator Heitke advised Mr. Jeff Frost has notified 21 the City of his intent to take a position with another municipality. Staff will begin the process to 22 replace him as soon as possible. 23 24 Council Member Carlson moved to accept Mr. Frost's resignation, as presented. Council Member 25 O'Donnell seconded the motion. Motion carried unanimously. 26 27 PUBLIC SAFETY DEPARTMENT REPORT, DAVE PECCHIA 28 29 There was no report from the Public Safety Department. 410 30 31 PUBLIC SERVICES DEPARTMENT REPORT, RICK DEGARDNER 32 33 There was no report from the Public Services Department. 34 35 COMMUNITY DEVELOPMENT DEPARTMENT REPORT, MICHAEL GROCHALA 36 37 Consider 2°d Reading of Ordinance No. 09 -06, Amending the Zoning Ordinance to Modify the 38 Allowable Uses within the NB, Neighborhood Business, the LB, Limited Business and the GB, 39 General Business Zoning Districts, Jeff Smyser — City Planner Smyser advised the City Council 40 approved the first reading of this ordinance on September 25. Examinations of the differences 41 between the Limited Business and Neighborhood Business zones led to recommendation to change 42 some of the uses allowed in all three business zones. 43 44 Council Member O'Donnell moved to approve the second reading of Ordinance No. 09 -06, as 45 presented. Council Member Carlson seconded the motion. 2 • 1 2 .3 Consider Resolution No. 06 -162, Approving Summary Publication of Ordinance No. 09 -06, Jeff 4 Smyser — City Planner Smyser advised Resolution No. 06 -162 is the approval of a summary 5 publication of Ordinance No. 09 -06. 6 7 Council Member Carlson moved to approve Resolution No. 06 -162, as presented. Council Member 8 Stoltz seconded the motion. Motion carried unanimously. 9 10 Consider 2 "d Reading of Ordinance No. 10 -06, Rezone Certain Real Property from LB, Limited 11 Business, to NB, Neighborhood Business, Lot 1, Block 16, Millers Crossroads, Located at the 12 Southeast Corner of Birch Street and Hodgson Road, Jeff Smyser — City Planner Smyser advised 13 the City Council approved the first reading of this ordinance on September 25. The subject site is 14 located at the southeast corner of Birch Street and Hodgson Road. The rezoning changes the site 15 from LB Limited Business to NB, Neighborhood Business. 16 17 Council Member Stoltz moved to approve second reading of Ordinance No. 10 -06, as presented. 18 Council Member Reinert seconded the motion. 19 20 A roll call vote was taken: five yeas and zero nays. Motion carried unanimously. 21 22 Consideration of Resolution No. 06 -158, Authorizing Distribution of Environmental Assessment 23 Worksheet for Public Comment, Nature's Refuge, Jeff Smyser — City Planner Smyser distributed 24 additional information to be included in the EAW that also included a list of agencies the EAW is 25 distributed to. 26 27 City Planner Smyser advised Nature's Refuge is a conservation development project that was the 28 topic of a May 31 presentation to a joint meeting of the City Council and all the advisory boards. The 29 site lies north of Main Street, generally between Lake Drive and Wood Duck Trail. The project 30 would have a restoration and management plan for the conservation area. 31 32 City Planner Smyser noted the City does not yet have a project application. The City does have an 33 Environmental Assessment Worksheet (EAW). Information gathered through the EAW process will 34 inform the design of the project before the submittal of a formal development application. 35 36 City Planner Smyser outlined the process for the EAW and comment period. He noted the decision to 37 distribute the EAW for public comment is not an approval of the development project. The City is 38 I following the environmental review process as required by state statute and the rules of the EQB. 39 40 Council Member Reinert moved to approve Resolution No. 06 -158, as presented. Council Member 41 O'Donnell seconded the motion. 42 43 Council Member Carlson made a friendly amendment to the motion to change the text reading "very 44 I preliminary discussion" to has begun discussion" and "approximately 600 acres "tchangegto 45 "approximately 680 acres ". COUNCIL MINUTES OCTOBER 9, 2006 DRAFT A roll call vote was taken: five yeas and zero nays. Motion carried unanimously. • • 3 COUNCIL MINUTES OCTOBER 9, 2006 DRAFT 1 Council Member Reinert agreed to the friendly amendment. 2 •3 Ms. Barbara Bor, 7707 20th Avenue North, came forward and stated as a private citizen she believes 4 this is a very exciting project. She indicated only 20 -25% of the agencies respond to EAW's and 5 asked staff to make an effort to obtain comments from the primary agencies. 6 7 Council Member O'Donnell agreed to the friendly amendment. 8 9 Motion carried unanimously. 10 11 Consideration of Resolution No. 06 -159, Accepting Bid and Authorizing Contract, Legacy at 12 Woods Edge Phase 3 — Streetscaping Improvements Alternate Bid 1, Michael Grochala - 13 Community Development Director Grochala advised sealed bids for the Legacy at Woods Edge - 14 Phase 3 Streetscaping Improvements were received and publicly opened on March 23. The project 15 was phased and bid with work identified in the Base Bid to be substantially completed in 2006. 16 Alternate 1 consists of work that is scheduled to begin in 2007. 17 18 Community Development Director Grochala stated the contract amount for Bid Alternate 1 is 19 $824,379.77. With the award of Bid Alternate 1 the total contract with Jay Brothers, Inc., will be 20 $1,549,732.38. All project funding for the improvements is in place. 21 22 Council Member Carlson moved to approve Resolution No. 06 -159, as presented. Council Member 23 Stoltz seconded the motion. Motion carried unanimously. 24 25 Consideration of Resolution No. 06 -161, Approving Request for Payment from Municipal 26 Turnback Account (Former Trunk Highway 49), Michael Grochala — Community Development 27 Director Grochala advised in 1996 the City Council entered into an agreement with the State of 28 Minnesota providing for a portion of Trunk Highway 49 to be tumed back to the City. Approximately 29 .28 miles of the roadway was transferred to City jurisdiction and is now part of the City's Municipal .30 State Aid System (MSAM). 31 32 Community Development Director Grochala stated the City is currently eligible to receive a lump 33 sum payment in the amount of $955,404.00. Funds provided by the payment originate from the 34 Minnesota Highway Users Tax distribution Fund. These funds are for use by the City on the state aid 35 system. The City has several higher priority State Aid street needs, including the 35W/Lake Drive 36 Interchange, where these funds can be used. Fourth Avenue will remain on the City's State Aid 37 System and is still eligible for funding from the City's State Aid account in future years. 38 39 Council Member Reinert moved to approve Resolution No. 06 -161, as presented. Council Member 40 O'Donnell seconded the motion. Motion carried unanimously. 41 42 UNFINISHED BUSINESS 43 4 • COUNCIL MINUTES DRAFT OCTOBER 9, 2006 1 Consider Approval of August 28, 2006 Council Work Session Minutes (Tabled at meeting of 2 9/11/2006) — Council Member Carlson moved to approve the August 28, 2006 Council Work Session ID 3 Minutes, as presented. Council Member Stoltz seconded the motion. Motion carried unanimously. 4 5 NEW BUSINESS 6 7 There was no New Business. 8 9 COMMUNITY CALENDAR OCTOBER 9 THROUGH OCTOBER 23, 2006: 10 11 Planning and Zoning Board Meeting, Wednesday, October 11, 2006, 6:30 p.m. 12 13 Community Visioning Project, Community Forums, Eagle Brook Church, Tuesday and 14 I Thursday, October 10 & 12, 2006, 6:30 p.m. 15 16 City Council Work Session, Monday October 23, 2006, 5:30 p.m. 17 18 City Council Meeting, Monday, October 23, 2006, 6:30 p.m. 19 20 ADJOURN 21 22 There being no further business, Council Member Reinert moved to adjourn at 7:43 p.m. Council 23 Member Carlson seconded the motion. Motion carried unanimously. 24 25 These minutes were considered and approved at the regular Council Meeting, October 23, 2006. 26 27 28 29 0 30 Julianne Bartell, City Clerk 31 John Bergeson, Mayor 32 Transcribed by: 33 Kim Points 34 TimeSaver Off Site Secretarial, Inc. 35 5 • • • • AGENDA ITEM 1D STAFF ORIGINATOR Al Rolek MEETING DATE October 23, 2006 TOPIC Consider Resolution 06 -174 Authorizing the Certification of Delinquent Water and Sewer Utility Charges for collection with 2005 Property Taxes Payable in 2006 VOTE REQUIRED Simple Majority (3/5) Staff periodically brings before the City Council delinquent water and sewer utility charges for certification to the County Auditor for collection with the following year property taxes. Affected property owners received mailed notice of this proceeding and have been allowed ample time to pay the delinquent charges. Staff recommends that the City Council adopt Resolution 06 -174 authorizing the certification of delinquent water and sewer utility charges to be collected with 2006 property taxes payable in 2007 at an interest rate of 8% per annum. 1) Adopt Resolution No. 06 -174. 2) Return to staff for further review. 3) Do not adopt Resolution No. 06 -174. GIAMEND Option 1. 0 Council Member introduced the following resolution and moved its adoption: • • CITY OF LINO LAKES RESOLUTION NO. 06 -174 RESOLUTION AUTHORIZING THE CERTIFICATION OF DELINQUENT WATER AND SEWER UTILITY CHARGES FOR COLLECTION WITH THE 2006 PROPERTY TAXES PAYABLE IN 2007 WHEREAS, pursuant to City Code Section 401.29 and Section 402.14, Subd. 5, the Clerk has prepared a list of properties having delinquent water and sewer charges to be certified to the Anoka County Auditor for collection with the 2006 property taxes, payable in 2007, and WHEREAS, notice of such certification was mailed to affected property owners, and WHEREAS, the City Council has met to consider the certification of such delinquent water and sewer charges. NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that the Clerk is hereby authorized to certify the delinquent water and sewer charges as indicated on the attached listing to the Anoka County Auditor to be collected with the 2006 property taxes, payable in 2007 at an interest rate of 8.00% per annum. Adopted by the City Council of Lino Lakes, Minnesota this 23rd day of October, 2006. John J. Bergeson, Mayor Julie Bartell, City Clerk Adopted by the Lino Lakes City Council this 23rd day of October, 2006. The motion for the adoption of the foregoing resolution was duly seconded by Council Member and upon vote being taken thereon, the following voted in favor thereof: The following voted against same: Whereupon said resolution was declared duly passed and adopted. CO W N N N N N N N N N N -� 0 CD CO •1 0) CT A CO N s O CO 00 V O C11 -P CO N O CO CO V O) al Ja 03 N -� 1502912 1502721 1451810 1451102 1441102 1435100 4. CZ 0 N.) 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A O 01 A A O A 01 N HANMO - ONOIX ANO38 z G) rm 0 m 0 D m z m A V W m 7 1.69 X08 Od 7 0 r m CD N m co m z 07 01 O 17000-ZE- ZZ -1.£-6Z b000-ZE-ZZ-1.E-6Z Cia G) O O O 69 v O N 0 CD O n W O O O .A W W O CO O U1 .P O D m m m rn z 0 n 0 S 0 m W V O (D 0 G) co co co 0 r 0 0 7- ID CD N 0 co 7 m rn z z U1 (n O A 9£00-1. 17 -ZZ -1.£-0£ 9£00-1.17- ZZ -1.E-OE 69 W O O O 4fl W O Q) O CD 0 0. N W 07 v U7 O 88f12JO 1Z138O2I 0 0 z 0 r D m 0 r- 0 0 m_ 3 (1) z r 0 r w CD N ID a) 0 z z U1 O CO N L1700-ZZ-ZZ-I. -6L Lb00 -ZZ-ZZ -1.£-61. V CO 01 CO fSf f/3 AGENDA ITEM 1 E STAFF ORIGINATOR Julie Bartell, City Clerk MEETING DATE October 23, 2006 TOPIC Accepting Donation from Ladies Auxiliary VFW Post 6583 to Defray Cost of Annual Safety Camp VOTE REQUIRED Simple Majority BACKGROUND The Ladies Auxiliary of VFW Post 6583 has made a contribution to the Centennial Fire District to defray the cost of the annual Safety Camp. The method of funding for this is through charitable gambling proceeds. Because the Centennial Fire District is a joint powers entity, it has no statutory authority to fix its own budget. This function is performed by each entity participating in the joint powers agreement. Therefore, it cannot accept the charitable gambling proceeds directly. In the past, the charitable gambling proceeds have been donated to and accepted by the City of Lino Lakes, as a participant in the joint powers agreement, and a check in the same amount was issued to the Centennial Fire District for the purchase. In remaining consistent with past practice, staffs recommendation is to accept the donation of charitable gambling proceeds from the Ladies Auxiliary of VFW Post 6583 in the amount of $1,000 and authorize the issuance of a check in the amount of $1,000 to the Centennial Fire District to be used for the annual Safety Camp. This transaction will have no net affect on the City's 2006 budget. OPTIONS 1. Accept the donation of charitable gambling proceeds from the Ladies Auxiliary of VFW Post 6583 in the amount of $1,000 and authorize the issuance of a check in the amount of $1,000 to the Centennial Fire District to defray the cost of the annual Safety Camp. 2. Refer to Staff for further review. 3. Decline the donation of charitable gambling proceeds. iiiRECOMMENDATION Option 1 Minnesota Lawful Gambling LG555 Government Approval or Acknowledgment For Use of Gambling Funds 6/05 Organization Information (please print) Organization Name L a at es- ftiti x(l Cifii V FV (?'o S ( 6563 LicenseNumber Address -78 Pri Expenditure Description (attach additional sheets if necessary) 1. Amount of proposed lawful purpose expenditure 2. Check the appropriate expenditure category: 14-1. Contribution to a unit of government - United States, state of Minnesota, or any of its subdivisions, agencies, or instrumentalities. NOTE: A contribution may not be made directly to a law enforcement or prosecutorial agency, such as a police department, county sheriff, or county attorney. B. A wildlife management project or activity that benefits the public at large with approval of the DNR Describe the proposed expenditure, including vendors. s4 oo C. Grooming and maintaining snowmobile or all- terrain vehicle trails established under Minnesota Statute 84.83 and 84.927, including purchase or lease of equipment, with approval by DNR. All trails must be open to public use. Describe the proposed expenditure, including vendors. _ D. Supplies and materials for safety training and educational programs coordinated by the DNR, including the Enforcement Division. Describe the proposed expenditure, including vendors. Oath • I affirm that the contribution or expenditure, in compliance with Minnesota Rules 7861.0120, Subpart 5D(5), does not result in any net monetary gain or other pecuniary benefit to our organization. • I affirm that when lawful gambling funds are used for grooming and maintaining snowmobile or all- terrain vehicle trails or for any wildlife management project for which reimbursement is received from a unit of government, the reimburse- ment funds must be deposited in our lawful gambling account and recorded on the LG1010 - Schedule C/D report. Chief executive officer's signature / / Daytime phone number Date Government Approval /Acknowledgment (Che k one) By signature below, the representative of the unit of government: acknowledges the contribution in 2A above, which will not be used for a pension or retirement fund. _ approves the wildlife management project or activity as described in 2B above (DNR only). approves the grooming and maintaining of snowmobile and /or all- terrain vehicle trails described in 2C above (DNR only). _approves the supplies and materials for DNR safety training and educational programs described in 2D above (DNR only) / / UnitofGovemment (2, �0 P h / /I D L?,fJe 5 Phone number` .- 79"X — ,x.300 Address G YO /� w Yl `etjf�p kt.. city L. /ti• 4 C3 state M zip ccQ l� j I° PrintNamea: ! kIt aVlVie �� (rT'� 1 Title e t-hi 1. l e rk Date D / / 04.. Ke4 this completed for attached to the LG1010 Schedule C/D in your organization's records. You do of need to submit this form to the Gambling Control Board. This form will be made available in altemative format (i.e. large print, Braille) upon request. If you use a TTY, call us by using the Minnesota Relay Service and ask to place a call to 651 - 639 -4000. The information requested on this form will become public information, when requested by the Board, and will be used to determine your compliance with Minnesota statutes and rules goveming lawful gambling activities. For additional information, check our web site at www.gcb.state.mn.us • • AGENDA ITEM 1 F STAFF ORIGINATOR: Julie Bartell, City Clerk MEETING DATE: October 23, 2006 TOPIC: Consider Approving Application for Exempt Permit, St. Joseph Catholic Church VOTE REQUIRED: Simple Majority (3/5 Vote) BACKGROUND: St. Joseph Catholic Church has applied for an exempt permit to conduct a raffle at their annual Venison Feed to be held on November 28, 2006. The proceeds from this fundraising event will be used to award college scholarships to members of St. Joseph Catholic Church high school seniors. Non - profit organizations are allowed, under the State Gambling Statutes, to apply for an exemption from a gambling license if they conduct fewer than five (5) gambling occasions per calendar year. St. Joseph Catholic Church conducts fewer than five (5) gambling events per calendar and, therefore, remains exempt from requiring a gambling license. Minnesota Statutes, Chapter 349, Section 349.166, Subd. 2 does, however, require that the non - profit organizations applying for the exemption permit notify the city that they are applying for the exemption and city policy requires a background investigation each time a permit or license application is received. The Lino Lakes Police Department conducted an investigation of the applicant and found no reason to deny the application. The city is allowed to request a 30 day waiting period as part of its approval. However, given the schedule for this event and the requirement to get the permit to the state for review, staff requests that the council approve the request with no waiting period. A copy of the application is on file in the city clerk's office. OPTIONS: 1. Approve the application with no waiting period 2. Deny the application RECOMMENDATION: Option No. 1 • • STAFF ORIGINATOR: MEETING DATE: TOPIC: VOTE REQUIRED: BACKGROUND: AGENDA ITEM 1G Julie Bartell, City Clerk October 23, 2004 Consider Approving Application for Exempt Permit from Lawful Gambling License (Bingo), St. Joseph Catholic Church Simple Majority (3/5 Vote) St. Joseph Catholic Church has applied for an exempt permit to conduct its annual "Turkey Bingo" event which helps fund Thanksgiving food baskets. The event is scheduled for November 19, 2006. Non - profit organizations are allowed, under the State Gambling Statutes, to apply for an exemption from a gambling license if they conduct fewer than five (5) gambling occasions per calendar year. St. Joseph Catholic Church conducts fewer than five (5) per calendar and, therefore, remains exempt from requiring a gambling license. Minnesota Statutes, Chapter 349, Section 349.166, Subd. 2 does, however, require that the non - profit organizations applying for the exemption permit notify the city that they are applying for the exemption and city policy requires a background investigation each time a permit or license application is received. The Lino Lakes Police Department conducted an investigation of the applicant and found no reason to deny the application. The city is allowed to request a 30 day waiting period as part of its approval. However, given the schedule for this event and the requirement to get the permit to the state for review, staff requests that the council approve the request with no waiting period. The application is on file in City Clerk's office. OPTIONS: 1. Adopt a motion approving the application for exemption with no waiting period 2. Deny the application for exemption. RECOMMENDATION: • Option No. 1 • AGENDA ITEM 1H STAFF ORIGINATOR: James E. Studenski, City Engineer COUNCIL MEETING DATE: October 23, 2006 TOPIC: Resolution No. 06 -171, Approving Payment Request No. 4 (Final) and Compensating Change Order No. 1, 2005 Surface Water Management Projects VOTE REQUIRED: 3/5 Vote Required BACKGROUND: The contractor for 2005 Surface Water Management Projects, Jay Brothers, Inc. is requesting City approval of Payment Request No. 4 (Final) in the amount of $4,099.60. A copy of the Final Payment is attached. The contractor has satisfactorily completed all work and has provided all necessary documentation. Also included with the request for Final Payment is Compensating Change Order No. 1 in the deduct amount of $9,014.00. A copy of the Compensating Change Order is attached. With this Change Order, the final contract amount is $66,792.00, which is below the Engineers Estimate of $78,270.00 Approval of the Final Payment will begin the one -year warranty period. RECOMMENDATION: Approve Resolution No. 06 -171, Payment Request No. 4 (Final) and Compensating Change Order No. 1 for the 2005 Surface Water Management Projects • Council Member introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 06 -171 RESOLUTION APPROVING PAYMENT REQUEST NO. 4 (FINAL) AND COMPENSATING CHANGE ORDER NO. 1 — 2005 SURFACE WATER MANAGEMENT PROJECTS WHEREAS, the construction of 2005 Surface Water Management Projects has been completed by Jay Brothers, Inc. and WHEREAS, the one -year warranty period for this project will begin with the Final Payment. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LINO LAKES, MINNESOTA: Compensating Change Order No. 1 and Payment Request No. 4 (Final) is • approved for a final contract amount of $66,792.00. • John Bergeson, Mayor Julianne Bartell, City Clerk Adopted by the Lino Lakes City Council this 23rd day of October, 2006. The motion for the adoption of the foregoing resolution was duly seconded by Council Member and upon vote being taken thereon, the following voted in favor thereof: The following voted against same: Whereupon said resolution was declared duly passed and adopted. TKDA ENGINEERS • ARCHITECTS • PLANNERS 1500 Piper Jaffray Plaza 444 Cedar Street Saint Paul, MN 55101 -2140 (651) 292 -4400 (651) 292 -0083 Fax www.tkda.com Proj. No. 13475.000 Cert. No. 4 (Final) St. Paul, MN, September 28 , 20 06 To City of Lino Lakes, Minnesota This Certifies that Jay Bros., Inc. Owner , Contractor For 2005 Surface Water Management Projects Is entitled to being 4th Four Thousand Ninety -Nine Dollars and 60/100 ($4,099.60 ) FINAL estimate for partial payment on contract with you dated September 13 , 2005 Received payment in full of above Certificate. TKDA Jay Bros., Inc. I O /02)/ , 20 Thomas D. Prew, 1. RECAPITULATION OF ACCOUNT An Employee Owned Company PI _ 4 6 _ ffirmative Action and Equal Opportunity CONTRACT PLUS EXTRAS PAYMENTS CREDITS Contract price plus extras $ 75,806.00 All previous payments $ 62,692.40 All previous credits Extra No. II II II It 11 Credit No. $ - CCO No. 1 $ (9,014.00) 0 II II AMOUNT OF THIS CER111.ICATE $ 4,099.60 Totals $ 66,792.00 $ 66,792.00 $ Credit Balance $ - There will remain unpaid on contract after payment of this Certificate $ - $ 66,792.00 $ 66,792.00 $ - An Employee Owned Company PI _ 4 6 _ ffirmative Action and Equal Opportunity • • • TKDA Engineers - Architects - Planners PERIODICAL ESTIMATE FOR PARTIAL PAYMENTS FINAL Estimate No. 4 Period Ending September 28 , 20 06 Page 1 of 1 Proj. No. 13475.000 Contractor Jay Bros., Inc. Original Contract Amount $75,806.00 Project 2005 Surface Water Management Projects Location City of Lino Lakes, Minnesota Total Contract Work Completed Total Approved Credits Total Approved Extra Work Completed $ 0.00 Approved Extra Orders Amount Completed Total Amount Earned This Estimate $ 66,792.00 $ 0.00 $ 0.00 $ 66,792.00 Less Approved Credits $ 0.00 Less 0 % Retained $ 0.00 Less Previous Payments $ 62,692.40 Total Deductions $ Amount Due This Estimate Contractor Engineer Thomas D. P , P.E. $ 62,692.40 4,099.60 Date iv( 01/0(IP Date September 28, 2006 ESTIMATE NO. 4 (Final) 2005 SURFACE WATER MANAGEMENT PROJECTS IVOF LINO LAKES, MINNESOTA A PROJECT NO. 13475.000 PERIOD ENDING: September 28, 2006 ITEM CONTRACT QUANTITY UNIT AMOUNT NO. DESCRIPTION UNIT QUANTITY TO DATE PRICE TO DATE A BLACKBIRD LANE (PROJECT LOCATION 1 ) 1 MOBILIZATION LS 1.0 1.0 $ 1 ,000.00 $ 1,000.00 2 CLEAN STORM SEWER PIPE (12' - 24" DIA.) LF 90.0 90.0 $ 17.60 $ 1,584.00 3 CLEAN /OPEN STORM SEWER OUTFALL EA 2.0 2.0 $ 700.00 $ 1,400.00 4 CLEAN CATCH BASIN /MANHOLE STRUCTURE EA 2.0 2.0 $ 88.00 $ 176.00 5 DITCH EXCAVATION CY 25.0 5.0 $ 20.00 $ 100.00 6 TRAFFIC CONTROL LS 1.0 1.0 $ 300.00 $ 300.00 7 SEEDING AND RESTORATION LS 1.0 - $ 625.00 $ 8 EROSION CONTROL LS 1.0 $ 500.00 $ - SUBTOTAL PROJECT LOCATION 1 $ 4,560.00 B EAST RONDEAU LAKE ROAD (PROJECT LOCATION 2 ) 1 MOBILIZATION LS 1.0 1.0 $ 1,000.00 $ 1,000.00 2 REMOVE BITUMINOUS PAVEMENT SY 25.0 27.0 $ 7.00 $ 189.00 3 COMMON EXCAVATION (STREET AND PIPE CULVERT) CY 7.0 $ 30.00 $ 4 12" RCP STORM SEWER CL. 5 LF 40.0 32.0 $ 34.00 $ 1,088.00 5 12" RCP F.E.S. WITH TRASH GUARD EA 2.0 2.0 $ 650.00 $ 1,300.00 6 3" BITUMINOUS PAVEMENT TN 5.0 4.0 $ 160.00 $ 640.00 7 AGGREGATE BASE CLASS 5 (100% CRUSHED) TN 10.0 8.0 $ 30.00 $ 240.00 8 DITCH EXCAVATION CY 25.0 5.0 $ 20.00 $ 100.00 9 TRAFFIC CONTROL LS 1.0 1.0 $ 300.00 $ 300.00 10 SEEDING AND RESTORATION LS 1.0 1.0 $ 500.00 $ 500.00 0 EROSION CONTROL LS 1.0 - $ 300.00 $ SUBTOTAL PROJECT LOCATION 2 $ 5,357.00 C OTTER LAKE ROAD - REPAIR WASHOUT AND INSTALL PIPE (PROJECT LOCATION 3 ) 1 MOBILIZATION LS 1.0 1.0 $ 1,000.00 $ 1,000.00 2 COMMON BORROW CY 20.0 48.0 $ 22.00 $ 1,056.00 3 AGGREGATE BASE CLASS 5 (100% CRUSHED) TN 12.0 12.0 $ 32.00 $ 384.00 4 SEEDING AND RESTORATION LS 1.0 1.0 $ 500.00 $ 500.00 5 EROSION CONTROL LS 1.0 - $ 300.00 $ SUBTOTAL PROJECT LOCATION 3 $ 2,940.00 D OTTER LAKE ROAD- CULVERT REPAIR AND PIPE CLEANING (PROJECT LOCATION 4 1 MOBILIZATION LS 1.0 1.0 $ 1,000.00 $ 1,000.00 2 CLEAN STORM SEWER PIPE (12' - 24" DIA.) LF 210.0 $ 7.50 $ 3 REMOVE PIPE LF 10.0 10.0 $ 12.00 $ 120.00 4 15" CM PIPE CULVERT LF 10.0 10.0 $ 25.00 $ 250.00 5 CONNECT TO EXISTING PIPE EA 2.0 2.0 $ 200.00 $ 400.00 6 3" BITUMINOUS PAVEMENT (LVWE45030B) PATCHING TN 4.0 3.0 $ 170.00 $ 510.00 7 DITCH EXCAVATION CY 5.0 3.0 $ 20.00 $ 60.00 8 TRAFFIC CONTROL LS 1.0 1.0 $ 200.00 $ 200.00 9 SEEDING AND RESTORATION LS 1.0 1.0 $ 400.00 $ 400.00 10 EROSION CONTROL LS 1.0 - $ 200.00 $ SUBTOTAL PROJECT LOCATION 4 $ 2,940.00 • ESTIMATE NO. 4 (Final) 2005 SURFACE WATER MANAGEMENT PROJECTS ITY OF LINO LAKES, MINNESOTA DA PROJECT NO. 13475.000 PERIOD ENDING: September 28, 2006 ITEM CONTRACT QUANTITY UNIT AMOUNT NO. DESCRIPTION UNIT QUANTITY TO DATE PRICE TO DATE E LEONARD AVENUE (PROJECT LOCATION 5 ) 1 MOBILIZATION LS 1.0 1.0 $ 1,000.00 $ 1,000.00 2 CLEAN STORM SEWER PIPE (12' - 24" DIA.) LF 70.0 70.0 $ 15.00 $ 1,050.00 3 CLEAN /OPEN STORM SEWER OUTFALL EA 1.0 1.0 $ 650.00 $ 650.00 4 CLEAN CATCH BASIN /MANHOLE STRUCTURE EA 1.0 1.0 $ 132.00 $ 132.00 5 CLEAR AND GRUB TREE EA 8.0 $ 150.00 $ 6 DITCH EXCAVATION CY 15.0 15.0 $ 18.00 $ 270.00 7 FURNISH AND INSTALL CATCH BASIN (TYPE 402) EA 1.0 1.0 $ 1,200.00 $ 1,200.00 8 CONSTRUCT CATCH BASIN OVER EXISTING PIPE EA 1.0 1.0 $ 1,400.00 $ 1,400.00 9 RIP RAP (CLASS II) CY 5.0 - $ 55.00 $ 10 TRAFFIC CONTROL LS 1.0 1.0 $ 300.00 $ 300.00 11 SEEDING AND RESTORATION LS 1.0 1.0 $ 300.00 $ 300.00 12 EROSION CONTROL LS 1.0 - $ 250.00 $ - SUBTOTAL PROJECT LOCATION 5 $ 6,302.00 F CLEARWATER CREEK (PROJECT LOCATION 6 ) 1 MOBILIZATION LS 1.0 1.0 $ 1,200.00 $ 1,200.00 2 6" PERFORATED PE PIPE WITH WRAP LF 280.0 280.0 $ 40.00 $ 11,200.00 3 INSTALL 6" CLEANOUT EA 3.0 3.0 $ 90.00 $ 270.00 4 CONNECT TO EXISTING CATCH BASIN EA 1.0 1.0 $ 500.00 $ 500.00 5 SELECT TOPSOIL BORROW (CV) CY 40.0 20.0 $ 15.00 $ 300.00 6 SODDING AND RESTORATION SY 400.0 518.0 $ 8.00 $ 4,144.00 7 EROSION CONTROL LS 1.0 - $ 70.00 $ - SUBTOTAL PROJECT LOCATION 6 $ 17,614.00 G TRAPPERS CROSSING (PROJECT LOCATION 7 ) 1 MOBILIZATION LS 1.0 1.0 $ 2,000.00 $ 2,000.00 2 6" PERFORATED PE PIPE WITH WRAP LF 500.0 450.0 $ 40.00 $ 18,000.00 3 INSTALL 6" CLEANOUT EA 4.0 8.0 $ 90.00 $ 720.00 4 SELECT TOPSOIL BORROW (CV) CY 60.0 24.0 $ 15.00 $ 360.00 5 SODDING AND RESTORATION SY 1,000.0 857.0 $ 7.00 $ 5,999.00 6 EROSION CONTROL LS 1.0 - $ 100.00 $ SUBTOTAL PROJECT LOCATION 7 $ 27,079.00 TOTAL ESTIMATE NO. 4 (FINAL) $ 66,792.00 • • CHANGE ORDER TKDA Engineers - Architects- Planners Compensating Saint Paul, MN September 28 20 06 Proj. No. 13475.000 Change Order No. 1 To Jav Brothers. Inc. for 2005 Surface Water Management Projects for City of Lino Lakes, Minnesota You are hereby directed to make the following change to your contract dated September 13 , 20 06 . The change and the work affected thereby is subject to all contract stipulations and covenants. This Change Order will (incrccc) (decrease) (not change) the contract sum by Nine Thousand Fourteen Dollars and 00 /100 ($ 9,014.00 ). COMPENSATING CHANGE ORDER This change order shows the actual quantities installed at the unit price bid amounts (see attached itemization): NET CHANGE = Amount of Original Contract Additions approved to date (Nos. ) Deductions approved to date ( ) Contract amount to date Amount of this Change Order (Add) (Deduct) (Ne-Ghange) Revised Contract Amount Approved Jay Brothers. Inc. Owner $ 75,806.00 $ 75, 806.00 $ (9,014.00) $ 66,792.00 TKDA By Approved City of Lino Lakes homas D. Pre , P.E. White - Owner Contractor Pink - Contractor Blue - TKDA By - 5 0 - COMPENSATING CHANGE ORDER NO. 1 PERIOD ENDING: September 28, 2006 2005 SURFACE WATER MANAGEMENT PROJECTS CITY OF LINO LAKES, MINNESOTA TKDA PROJECT NO. 13475.000 ITEM CONTRACT QUANTITY UNIT AMOUNT NET CONTRACT NO. DESCRIPTION UNIT QUANTITY TO DATE PRICE TO DATE CHANGE AMOUNT A BLACKBIRD LANE (PROJECT LOCATION 1 ) 1 MOBILIZATION LS 1.0 1.0 $ 1,000.00 $ 1,000.00 $ $ 1,000.00 2 CLEAN STORM SEWER PIPE (12' - 24" DIA.) LF 90.0 90.0 $ 17.60 $ 1,584.00 $ $ 1,584.00 3 CLEAN /OPEN STORM SEWER OUTFALL EA 2.0 2.0 $ 700.00 $ 1,400.00 $ $ 1,400.00 4 CLEAN CATCH BASIN/MANHOLE STRUCTURE EA 2.0 2.0 $ 88.00 $ 178.00 $ $ 176.00 5 DITCH EXCAVATION CY 25.0 5.0 $ 20.00 $ 100.00 $ (400.00) $ 500.00 6 TRAFFIC CONTROL LS 1.0 1.0 $ 300.00 $ 300.00 $ - $ 300.00 7 SEEDING AND RESTORATION LS 1.0 - $ 625.00 $ - $ (625.00) $ 625.00 8 EROSION CONTROL LS 1.0 - $ 500.00 $ $ (500.00) $ 500.00 SUBTOTAL PROJECT LOCATION 1 $ 4,560.00 $ (1,525.00) $ 6,085.00 B EAST RONDEAU LAKE ROAD (PROJECT LOCATION 2 ) 1 MOBILIZATION LS 1.0 1.0 $ 1,000.00 $ 1,000.00 $ - $ 1,000.00 2 REMOVE BITUMINOUS PAVEMENT SY 25.0 27.0 $ 7.00 $ 189.00 $ 14.00 $ 175.00 3 COMMON EXCAVATION (STREET AND PIPE CULVERT) CY 7.0 - $ 30.00 $ - $ (210.00) $ 210.00 4 12" RCP STORM SEWER CL 5 LF 40.0 32.0 $ 34.00 $ 1,088.00 $ (272.00) $ 1,360.00 5 12" RCP F.E.S. WITH TRASH GUARD EA 2.0 2.0 $ 650.00 $ 1,300.00 $ $ 1,300.00 6 3' BITUMINOUS PAVEMENT TN 5.0 4.0 $ 160.00 $ 640.00 $ (160.00) $ 800.00 7 AGGREGATE BASE CLASS 5 (100% CRUSHED) TN 10.0 8.0 $ 30.00 $ 240.00 $ (60.00) $ 300.00 8 DITCH EXCAVATION CY 25.0 5.0 $ 20.00 $ 100.00 $ (400.00) $ 500.00 9 TRAFFIC CONTROL LS 1.0 1.0 $ 300.00 $ 300.00 $ - $ 300.00 10 SEEDING AND RESTORATION LS 1.0 1.0 $ 500.00 $ 500.00 $ - $ 500.00 11 EROSION CONTROL LS 1.0 - $ 300.00 $ $ (300.00) $ 300.00 SUBTOTAL PROJECT LOCATION 2 $ 5,357.00 $ (1,388.00) $ 6,745.00 C OTTER LAKE ROAD - REPAIR WASHOUT AND INSTALL PIPE (PROJECT 1 MOBILIZATION LS 1.0 1.0 $ 1,000.00 $ 1,000.00 $ - $ 1,000.00 2 COMMON BORROW CY 20.0 48.0 $ 22.00 $ 1,056.00 $ 616.00 $ 440.00 3 AGGREGATE BASE CLASS 5 (100% CRUSHED) TN 12.0 12.0 $ 32.00 $ 384.00 $ - $ 384.00 4 SEEDING AND RESTORATION LS 1.0 1.0 $ 500.00 $ 500.00 $ • $ 500.00 5 EROSION CONTROL LS 1.0 - $ 300.00 $ - $ (300.00) $ 300.00 SUBTOTAL PROJECT LOCATION 3 $ 2,940.00 $ 316.00 $ 2,624.00 D OTTER LAKE ROAD- CULVERT REPAIR AND PIPE CLEANING (PROJECT 1 MOBILIZATION LS 1.0 1.0 $ 1,000.00 $ 1,000.00 $ - $ 1,000.00 2 CLEAN STORM SEWER PIPE (12' - 24" DIA.) LF 210.0 - $ 7.50 $ - $ (1,575.00) $ 1,575.00 3 REMOVE PIPE LF 10.0 10.0 $ 12.00 $ 120.00 $ - $ 120.00 4 15" CM PIPE CULVERT LF 10.0 10.0 $ 25.00 $ 250.00 $ $ 250.00 5 CONNECT TO EXISTING PIPE EA 2.0 2.0 $ 200.00 $ 400.00 $ $ 400.00 6 3' BITUMINOUS PAVEMENT (LVWE450305) PATCHING TN 4.0 3.0 $ 170.00 $ 510.00 $ (170.00) $ 680.00 7 DITCH EXCAVATION CY 5.0 3.0 $ 20.00 $ 60.00 $ (40.00) $ 100.00 8 TRAFFIC CONTROL LS 1.0 1.0 $ 200.00 $ 200.00 $ - $ 200.00 9 SEEDING AND RESTORATION LS 1.0 1.0 $ 400.00 $ 400.00 $ - $ 400.00 10 EROSION CONTROL LS 1.0 - $ 200.00 $ - $ (200.00) $ 200.00 SUBTOTAL PROJECT LOCATION 4 $ 2,940.00 $ (1,985.00) $ 4,925.00 E LEONARD AVENUE (PROJECT LOCATION 5 ) 1 MOBILIZATION LS 1.0 1.0 $ 1,000.00 $ 1,000.00 $ - $ 1,000.00 2 CLEAN STORM SEWER PIPE (12' - 24" DIA.) LF 70.0 70.0 $ 15.00 $ 1,050.00 $ - $ 1,050,00 3 CLEAN /OPEN STORM SEWER OUTFALL EA 1.0 1.0 $ 650.00 $ 650.00 $ - $ 650.00 4 CLEAN CATCH BASIN /MANHOLE STRUCTURE EA 1.0 1.0 $ 132.00 $ 132.00 $ - $ 132.00 5 CLEAR AND GRUB TREE EA 8.0 - $ 150.00 $ - $ (1,200.00) $ 1,200.00 6 DITCH EXCAVATION CY 15.0 15.0 $ 18.00 $ 270.00 $ - $ 270.00 7 FURNISH AND INSTALL CATCH BASIN (TYPE 402) EA 1.0 1.0 $ 1,200.00 $ 1,200.00 $ - $ 1,200.00 8 CONSTRUCT CATCH BASIN OVER EXISTING PIPE EA 1.0 1.0 $ 1,400.00 $ 1,400.00 $ - $ 1,400.00 9 RIP RAP (CLASS II) CY 5.0 - $ 55.00 $ $ (275.00) $ 275.00 10 TRAFFIC CONTROL LS 1.0 1.0 $ 300.00 $ 300.00 $ - $ 300.00 11 SEEDING AND RESTORATION LS 1.0 1.0 $ 300.00 $ 300.00 $ - $ 300.00 12 EROSION CONTROL LS 1.0 - $ 250.00 $ $ (250.00) $ 250.00 SUBTOTAL PROJECT LOCATION 5 $ 6,302.00 $ (1,725.00) $ 8,027.00 F CLEARWATER CREEK (PROJECT LOCATION 6 ) 1 MOBILIZATION LS 1.0 1.0 $ 1,200.00 $ 1,200.00 $ $ 1,200.00 2 6" PERFORATED PE PIPE WITH WRAP LF 280.0 280.0 $ 40.00 $ 11,200.00 $ - $ 11,200.00 3 INSTALL 6" CLEANOUT EA 3.0 3.0 $ 90.00 $ 270.00 $ - $ 270.00 4 CONNECT TO EXISTING CATCH BASIN EA 1.0 1.0 $ 500.00 $ 500.00 $ - $ 500.00 5 SELECT TOPSOIL BORROW (CV) CY 40.0 20.0 $ 15.00 $ 300.00 $ (300.00) $ 600.00 6 SODDING AND RESTORATION SY 400.0 518.0 $ 8.00 $ 4,144.00 $ 944.00 $ 3,200.00 7 EROSION CONTROL LS 1.0 - $ 70.00 $ - 5 (70.00) $ 70.00 SUBTOTAL PROJECT LOCATION 6 $ 17,614.00 $ 574.00 $ 17,040.00 G TRAPPERS CROSSING (PROJECT LOCATION 7 ) 1 MOBILIZATION LS 1.0 1.0 $ 2,000.00 $ 2,000.00 $ - $ 2,000.00 2 6" PERFORATED PE PIPE WITH WRAP LF 500.0 450.0 $ 40.00 $ 18,000.00 $ (2.000.00) $ 20,000.00 3 INSTALL 6' CLEANOUT EA 4.0 8.0 $ 90.00 $ 720.00 $ 360.00 5 360.00 4 SELECT TOPSOIL BORROW (CV) CY 60.0 24.0 $ 15.00 $ 360.00 $ (540.00) $ 900.00 5 SODDING AND RESTORATION SY 1,000.0 857.0 $ 7.00 $ 5,999.00 $ (1,001.00) $ 7,000.00 6 EROSION CONTROL LS 1.0 - $ 100.00 $ - $ (100.00) $ 100.00 SUBTOTAL PROJECT LOCATION 7 $ 27.079.00 $ (3,281.00) $ 30,360.00 COMPENSATING CHANGE ORDER NO. 1 $ 66,792.00 $ (9,014.00) $ 75,806.00 -51- AGENDA ITEM STAFF ORIGINATOR David J. Pecchia Public Safety Director /Chief of Police DATE October 23, 2006 TOPIC VOTES REQUIRED: BACKGROUND Consideration of Resolution No. 06 -173 accepting donation from Turtleman Triathlon Simple Majority The Lino Lakes Police Department is requesting council to adopt Resolution 06 -173 and publicly accept and thank the Turtleman Triathlon for their generous donation to the City of Lino Lakes. OPTIONS 1. Adopt Resolution No. 06 - 173 accepting the donation. 2. Return the Resolution to staff for further information. RECOMMENDATION Option No. 1 • AGENDA ITEMS 2A & 2B STAFF ORIGINATOR Al Rolek MEETING DATE October 23, 2006 TOPIC Consideration of Resolution 06 -175 Awarding the Sale of $3,025,000 General Obligation Capital Improvement Plan Bonds, Series 2006E and Resolution 06 -118 Awarding the Sale of $1,745,000 General Obligation Water Revenue Refunding Bonds, Series 2006F VOTE REQUIRED Simple Majority On September 25, 2006, the City Council approved resolutions 06 -147 and 06 -148 calling for the issuance of $3,025,000 G.O. Capital Improvement Plan Bonds to finance acquisition of the City Hall and Police Department portions of the Civic Center Complex from the Lino Lakes EDA, and $1,745,000 G.O. Water Revenue Refunding Bonds to refinance the outstanding balance of our SG.O. Water Revenue Bonds 1996B. The City Council held a public hearing on September 11 on its Municipal Building and Facilities CIP for 2006 -2010 and adopted the plan by approving Resolution 06 -146 as required by Minnesota Statutes Section 475.521. Bids for these issues were received earlier today by the City's financial advisors, Springsted, Inc. Terri Heaton of Springsted is here tonight to present the results of the bidding process. Following Ms Heaton's presentation, it is staff's recommendation that the City Council adopt, in separate actions, Resolution 06 -175 Awarding the Sale of $3,025,000 General Obligation Capital Improvement Plan Bonds, Series 2006E and Resolution 06 -118 Awarding the Sale of $1,745,000 General Obligation Water Revenue Refunding Bonds, Series 2006F. • 1. Adopt Resolutions 06 -175 and 06 -176. 2. Refer to Staff for further review. 3. Deny Resolutions 06 -175 and 06 -176. Option 1 • • • In accordance with the official Terms of Proposal the following adjustments were made: Principal Amount: Maturities: Minimum Purchase Price: RESOLUTION NO. 06 -175 A RESOLUTION AWARDING THE SALE OF $3,025,000 GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN REFUNDING BONDS, SERIES 2006E; FIXING THEIR FORM AND SPECIFICATIONS; DIRECTING THEIR EXECUTION AND DELIVERY; AND PROVIDING FOR THEIR PAYMENT BE IT RESOLVED By the City Council of the City of Lino Lakes, Anoka County, Minnesota (the "City ") as follows: Section 1. Sale of Bonds. 1.01. The proposal of (the "Purchaser ") to purchase $ General Obligation Capital Improvement Plan Refunding Bonds, Series 2006E (the "Bonds ") of the City described in the Terms of Proposal thereof is determined to be a reasonable offer and is accepted, the proposal being to purchase the Bonds at a price of $ plus accrued interest to date of delivery, for Bonds bearing interest as follows: Year Interest Rate Year Interest Rate 2010 2015 2011 2016 2012 2017 2013 2018 2014 True interest cost: 1.02. The sum of $ being the amount proposed by the Purchaser in excess of $ is credited to the Debt Service Fund hereinafter created, or credited to the Escrow Account hereinafter created, as determined by the City's financial advisor. The City Finance Director is directed to deposit the good faith check of the Purchaser, pending completion of the sale of the Bonds, and to return the good faith checks of the unsuccessful proposers 2 • forthwith. The Mayor and City Administrator are directed to execute a contract with the Purchaser on behalf of the City. 1.03. The City will forthwith issue and sell the Bonds pursuant to Minnesota Statutes, Chapter 475 (the "Act ") in the total principal amount of $ , originally dated November 1, 2006, in the denomination of $5,000 each or any integral multiple thereof, numbered No. R -1, upward, bearing interest as above set forth, and which mature serially on February 1 in the years and amounts as follows: Year Amount Year Amount 2010 2015 2011 2016 2012 2017 2013 2018 2014 For purposes of compliance with Minnesota Statutes, Section 475.54, subdivision 1, the City hereby combines the maturities of the Bonds with the maturities of the City's [insert name of bond issue]. 1.04. Optional Redemption. The City may elect on February 1, 2016, and on any day thereafter to prepay Bonds due on or after February 1, 2017. Redemption may be in whole or in • part and if in part, at the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are called for redemption, the City will notify DTC (as defined in Section 8 hereof) of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest. 1.05. Term Bonds. To be completed if Term Bonds are requested by the Purchaser. Section 2. Registration and Payment. 2.01. Registered Form. The Bonds will be issued only in fully registered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof, is payable by check or draft issued by the Registrar described herein. 2.02. Dates; Interest Payment Dates. Each Bond will be dated as of the last interest payment date preceding the date of authentication to which interest on the Bond has been paid or made available for payment, unless (i) the date of authentication is an interest payment date to which interest has been paid or made available for payment, in which case the Bond will be dated as of the date of authentication, or (ii) the date of authentication is prior to the first interest payment date, in which case the Bond will be dated as of the date of original issue. The interest on the Bonds is payable on February 1 and August 1 of each year, commencing February 1, 3 • • • 2007, to the registered owners of record as of the close of business on the fifteenth day of the immediately preceding month, whether or not that day is a business day. 2.03. Registration. The City will appoint, and will maintain, a bond registrar, transfer agent, authenticating agent and paying agent (the "Registrar "). The effect of registration and the rights and duties of the City and the Registrar with respect thereto are as follows: (a) Register. The Registrar must keep at its principal corporate trust office a bond register in which the Registrar provides for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred or exchanged. (b) Transfer of Bonds. Upon surrender for transfer of a Bond duly endorsed by the registered owner thereof or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, the Registrar will authenticate and deliver, in the name of the designated transferee or transferees, one or more new Bonds of a like aggregate principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding each interest payment date and until that interest payment date. (c) Exchange of Bonds. When Bonds are surrendered by the registered owner for exchange the Registrar will authenticate and deliver one or more new Bonds of a like aggregate principal amount and maturity as requested by the registered owner or the owner's attorney in writing. (d) Cancellation. Bonds surrendered upon transfer or exchange will be promptly cancelled by the Registrar and thereafter disposed of as directed by the City. (e) Improper or Unauthorized Transfer. When a Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the Bond until the Registrar is satisfied that the endorsement on the Bond or separate instrument of transfer is valid and genuine and that the requested transfer is legally authorized. The Registrar will incur no liability for the refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (f) Persons Deemed Owners. The City and the Registrar may treat the person in whose name a Bond is registered in the bond register as the absolute owner of the Bond, whether the Bond is overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on the Bond and for all other purposes, and payments so made to a registered owner or upon the owner's order will be valid and effectual to satisfy and discharge the liability upon the Bond to the extent of the sum or sums so paid. 4 • • • (g) Taxes, Fees and Charges. The Registrar may impose a charge upon the owner thereof for a transfer or exchange of Bonds sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to the transfer or exchange. (h) Mutilated, Lost, Stolen or Destroyed Bonds. If a Bond becomes mutilated or is destroyed, stolen or lost, the Registrar will deliver a new Bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of the mutilated Bond or in lieu of and in substitution for any Bond destroyed, stolen or lost, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Bond destroyed, stolen or lost, upon filing with the Registrar of evidence satisfactory to it that the Bond was destroyed, stolen or lost, and of the ownership thereof, and upon furnishing to the Registrar an appropriate bond or indemnity in form, substance and amount satisfactory to it and as provided by law, in which both the City and the Registrar must be named as obligees. Bonds so surrendered to the Registrar will be cancelled by the Registrar and evidence of such cancellation must be given to the City. If the mutilated, destroyed, stolen or lost Bond has already matured or been called for redemption in accordance with its terms it is not necessary to issue a new Bond prior to payment. (i) Redemption. In the event any of the Bonds are called for redemption, notice thereof identifying the Bonds to be redeemed will be given by the Registrar by mailing a copy of the redemption notice by first class mail (postage prepaid) to the registered owner of each Bond to be redeemed at the address shown on the registration books kept by the Registrar and by publishing the notice if required by law. Failure to give notice by publication or by mail to any registered owner, or any defect therein, will not affect the validity of the proceedings for the redemption of Bonds. Bonds so called for redemption will cease to bear interest after the specified redemption date, provided that the funds for the redemption are on deposit with the place of payment at that time. 2.04. Appointment of Initial Registrar. The City appoints U.S. Bank National Association, St. Paul, Minnesota, as the initial Registrar. The Mayor and the City Administrator are authorized to execute and deliver, on behalf of the City, a contract with the Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust company authorized by law to conduct such business, the resulting corporation is authorized to act as successor Registrar. The City agrees to pay the reasonable and customary charges of the Registrar for the services performed. The City reserves the right to remove the Registrar upon 30 days' notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar must deliver all cash and Bonds in its possession to the successor Registrar and must deliver the bond register to the successor Registrar. On or before each principal or interest due date, without further order of this Council, the City Finance Director must transmit to the Registrar monies sufficient for the payment of all principal and interest then due. 5 • • 2.05. Execution, Authentication and Delivery. The Bonds will be prepared under the direction of the City Administrator and executed on behalf of the City by the signatures of the Mayor and the City Administrator, provided that all signatures may be printed, engraved or lithographed facsimiles of the originals. If an officer whose signature or a facsimile of whose signature appears on the Bonds ceases to be such officer before the delivery of any Bond, that signature or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. Notwithstanding such execution, a Bond will not be valid or obligatory for any purpose or entitled to any security or benefit under this Resolution unless and until a certificate of authentication on the Bond has been duly executed by the manual signature of an authorized representative of the Registrar. Certificates of authentication on different Bonds need not be signed by the same representative. The executed certificate of authentication on a Bond is conclusive evidence that it has been authenticated and delivered under this Resolution. When the Bonds have been so prepared, executed and authenticated, the City Administrator will deliver the same to the Purchaser upon payment of the purchase price in accordance with the contract of sale heretofore made and executed, and the Purchaser is not obligated to see to the application of the purchase price. 2.06. Temporary Bonds. The City may elect to deliver in lieu of printed definitive Bonds one or more typewritten temporary Bonds in substantially the form set forth in Section 3 with such changes as may be necessary to reflect more than one maturity in a single temporary bond. Upon the execution and delivery of definitive Bonds the temporary Bonds will be exchanged therefor and cancelled. Section 3. Form of Bond. 3.01. The Bonds will be printed or typewritten in substantially the following form: No. R- UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF ANOKA CITY OF LINO LAKES GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN REFUNDING BOND, SERIES 2006E Date of Rate Maturity Original Issue February 1, 20_ November 1, 2006 Registered Owner: Cede & Co. 6 CUSIP • • • The City of Lino Lakes, Minnesota, a duly organized and existing municipal corporation in Anoka County, Minnesota (the "City "), acknowledges itself to be indebted and for value received promises to pay to the Registered Owner specified above or registered assigns, the principal sum of $ on the maturity date specified above with interest thereon from the date hereof at the annual rate specified above, payable February 1 and August 1 in each year, commencing February 1, 2007, to the person in whose name this Bond is registered at the close of business on the fifteenth day (whether or not a business day) of the immediately preceding month. The interest hereon and, upon presentation and surrender hereof, the principal hereof are payable in lawful money of the United States of America by check or draft by U.S. Bank National Association, St. Paul, Minnesota, as Registrar, Paying Agent, Transfer Agent and Authenticating Agent, or its designated successor under the Resolution described herein. For the prompt and full payment of such principal and interest as the same respectively become due, the full faith and credit and taxing powers of the City have been and are hereby irrevocably pledged. The City may elect on February 1, 2016, and on any day thereafter to prepay Bonds due on or after February 1, 2017. Redemption may be in whole or in part and if in part, at the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are called for redemption, the City will notify Depository Trust Company ( "DTC ") of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest. This Bond is one of an issue in the aggregate principal amount of $ all of like original issue date and tenor, except as to number, maturity date, redemption privilege, and interest rate, all issued pursuant to a resolution adopted by the City Council on October 23, 2006 (the "Resolution "), for the purpose of providing money to prepay a portion of an outstanding lease - purchase agreement between the City and the Lino Lakes Economic Development Authority (the "Authority ") and to refund the outstanding principal amount of certain revenue bonds of the Authority secured by such lease payments, pursuant to and in full conformity with the home rule charter of the City and the Constitution and laws of the State of Minnesota, including Minnesota Statutes, Sections 475.521 and 475.67, and the principal hereof and interest hereon are payable primarily from ad valorem taxes, as set forth in the Resolution to which reference is made for a full statement of rights and powers thereby conferred. The full faith and credit of the City are irrevocably pledged for payment of this Bond and the City Council has obligated itself to levy additional ad valorem taxes on all taxable property in the City in the event of any deficiency in taxes pledged, which additional taxes may be levied without limitation as to rate or amount. The Bonds of this series are issued only as fully registered Bonds in denominations of $5,000 or any integral multiple thereof of single maturities. As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books of the City at the principal office of the Registrar, by the registered owner hereof in person or by the owner's attorney duly authorized in writing, upon surrender hereof together with a written instrument of transfer satisfactory to the Registrar, duly 7 • • executed by the registered owner or the owner's attorney; and may also be surrendered in exchange for Bonds of other authorized denominations. Upon such transfer or exchange the City will cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturing on the same date, subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to such transfer or exchange. The City and the Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of receiving payment and for all other purposes, and neither the City nor the Registrar will be affected by any notice to the contrary. IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required by the home rule charter of the City and the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed preliminary to and in the issuance of this Bond in order to make it a valid and binding general obligation of the City in accordance with its terms, have been done, do exist, have happened and have been performed as so required, and that the issuance of this Bond does not cause the indebtedness of the City to exceed any constitutional, statutory or charter limitation of indebtedness. This Bond is not valid or obligatory for any purpose or entitled to any security or benefit under the Resolution until the Certificate of Authentication hereon has been executed by the Registrar by manual signature of one of its authorized representatives. IN WITNESS WHEREOF, the City of Lino Lakes, Anoka County, Minnesota, by its City Council, has caused this Bond to be executed on its behalf by the facsimile or manual signatures of the Mayor and City Administrator and has caused this Bond to be dated as of the date set forth below. Dated: CITY OF LINO LAKES, MINNESOTA (Facsimile) (Facsimile) City Administrator Mayor 8 • CERTIFICATE OF AUTHENTICATION This is one of the Bonds delivered pursuant to the Resolution mentioned within. U.S. BANK NATIONAL ASSOCIATION By Authorized Representative The following abbreviations, when used in the inscription on the face of this Bond, will be construed as though they were written out in full according to applicable laws or regulations: TEN COM -- as tenants in common TEN ENT -- as tenants by entireties UNIF GIFT MIN ACT Custodian (Cust) (Minor) • IT TEN -- as joint tenants with right of survivorship and not as tenants in common • under Uniform Gifts or Transfers to Minors Act (State) Additional abbreviations may also be used though not in the above list. ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto the within Bond and all rights thereunder, and does hereby irrevocably constitute and appoint attorney to transfer the said Bond on the books kept for registration of the within Bond, with full power of substitution in the premises. Dated: Notice: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. Signature Guaranteed: 9 NOTICE: Signature(s) must be guaranteed by a financial institution that is a member of the Securities Transfer Agent Medallion Program ( "STAMP "), the Stock Exchange Medallion Program ( "SEMP "), the New York Stock Exchange, Inc. Medallion Signatures Program ( "MSP ") or other such "signature guarantee program" as may be determined by the Registrar in addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with the Securities Exchange Act of 1934, as amended. The Registrar will not effect transfer of this Bond unless the information concerning the assignee requested below is provided. Name and Address: (Include information for all joint owners if this Bond is held by joint account.) Please insert social security or other identifying number of assignee PROVISIONS AS TO REGISTRATION The ownership of the principal of and interest on the within Bond has been registered on the books of the Registrar in the name of the person last noted below. Date of Registration Signature of Registered Owner Officer of Registrar Cede & Co. Federal ID #13- 2555119 3.02. The City Administrator is authorized and directed to obtain a copy of the proposed approving legal opinion of Kennedy & Graven, Chartered, Minneapolis, Minnesota, which is to be complete except as to dating thereof and cause the opinion to be printed on or accompany each Bond. 10 • Section 4. Payment; Security; Pledges and Covenants. • • 4.01. (a) The Bonds are payable from the General Obligation Capital Improvement Plan Refunding Bonds, Series 2006E Debt Service Fund (the "Debt Service Fund ") hereby created, and the proceeds of ad valorem taxes hereinafter levied (the "Taxes ") are hereby pledged to the Debt Service Fund. (b) There is also hereby appropriated to the Debt Service Fund (i) any amount over the minimum purchase price of the Bonds paid by the Purchaser, to the extent not deposited in the Escrow Account under Section 5.03; (ii) the accrued interest paid by the Purchaser upon closing and delivery of the Bonds; and (iii) $ , representing the amount necessary to pay interest due on the Bonds on February 1, 2007. (c) If a payment of principal or interest on the Bonds becomes due when there is not sufficient money in the Debt Service Fund to pay the same, the City Finance Director will pay such principal or interest from the general fund of the City, and the general fund will be reimbursed for those advances out of the proceeds of the Taxes levied by this resolution when collected. 4.02. There is also hereby created an Escrow Account (the "Escrow Account ") maintained with U.S. Bank National Association in St. Paul, Minnesota, which is a suitable financial institution within the State, whose deposits are insured by the Federal Deposit Insurance Corporation, whose combined capital and surplus is not less than $500,000 and said financial institution is hereby designated escrow agent (the "Escrow Agent ") for the Escrow Account. Proceeds of the Bonds in the amount set forth in Section 5.03 hereof are hereby irrevocably pledged and appropriated to the Escrow Account, together with all investment earnings thereon. The Escrow Account will be invested in securities maturing or callable at the option of the holder on such dates and bearing interest at such rates as will be required to provide sufficient funds, together with any cash or other funds retained in the Escrow Account, to pay when due on the Redemption Date (as defined in Section 5.01 hereof) the principal amount of and accrued interest on each of the Refunded Bonds then outstanding. The Escrow Account will be irrevocably appropriated to the payment of the principal of and interest on the Bonds until the proceeds of the Bonds therein are applied to prepayment of the Refunded Bonds. The moneys in the Escrow Account will be used solely for the purposes herein set forth and for no other purpose, except that any surplus in the Escrow Account may be remitted to the City, all in accordance with the Escrow Agreement (hereafter defined) by and between the City and the Escrow Agent. Any moneys remitted to the City upon termination of the Escrow Agreement will be deposited in the Debt Service Fund. 4.03. For the purpose of paying the principal of and interest on the Bonds, there is hereby levied a direct annual irrepealable ad valorem tax upon all of the taxable property in the City, which will be spread upon the tax rolls and collected with and as part of other general taxes of the City. Such tax will be credited to the Debt Service Fund above provided and will be in the years and amounts as follows (year stated being year of levy for collection the following year): 11 • • • Year Levy (See Exhibit B) 4.04. The City Clerk is directed to file a certified copy of this resolution with the Manager of Property Records and Taxation of Anoka County and to obtain the certificate required by Section 475.63 of the Act. 4.05. It is hereby determined that the estimated collection of the foregoing Taxes will produce at least five percent in excess of the amount needed to meet when due, the principal and interest payments on the Bonds. The tax levy herein provided will be irrepealable until all of the Bonds are paid, provided that the City Administrator may annually, at the time the City makes its tax levies, certify to the Manager of Property Records and Taxation the amount available in the Debt Service Fund to pay principal and interest due during the ensuing year, and the Manager of Property Records and Taxation will thereupon reduce the levy collectible during such year by the amount so certified. Section 5. Refunding; Findings; Redemption of Refunded Bonds. 5.01. The Refunded Bonds are the $5,350,000 Lino Lakes Economic Development Authority Lease Revenue Bonds, Series 1998A (City of Lino Lakes, Minnesota Lease Obligation), dated August 1, 1998, issued by the Lino Lakes Economic Development Authority (the "Authority ") pursuant to the Trust Indenture between the Authority and U.S. Bank Trust National Association (the "Trustee ") dated August 1, 1998 (the "Indenture ") and secured by the Lease - Purchase Agreement between the Authority and City dated August 1, 1998 (the "Lease "). Of the original principal amount of the Refunded Bonds, $4,210,000 in principal amount is outstanding and callable on any date. The City has determined to prepay a portion of the lease payments due under the Lease, in an amount necessary to redeem, on December 1, 2006 (the "Redemption Date "): (a) the 2013 through 2019 maturities of the Refunded Bonds, and (b) a portion of the Term Bonds maturing on February 1, 2011, such portion being equal to the mandatory sinking fund installment due on February 1 2011 ($290,000) and $55,000 of the mandatory sinking fund installment due on February 1, 2010; the aggregate principal amount of Refunded Bonds to be redeemed being $3,345,000 (the "Refunded Principal "). It is hereby found and determined that based upon information presently available from the City's fmancial advisers, the issuance of the Bonds is consistent with covenants made with the holders thereof and is necessary and desirable for the reduction of debt service cost to the municipality. 5.02. On or prior to the delivery of the Refunding Bonds, the Mayor and the City Administrator are hereby authorized and directed to execute on behalf of the City a Partial Refunding Escrow Agreement (the "Escrow Agreement ") with the Escrow Agent in substantially the form now on file with the City Clerk. All essential terms and conditions of the Escrow Agreement including payment by the City of reasonable charges for the services of the Escrow Agent, are hereby approved and adopted and made a part of this resolution, and the City covenants that it will promptly enforce all provisions thereof in the event of default thereunder by the Escrow Agent. 12 5.03. As of the date of delivery of and payment for the Bonds, the following funds are hereby pledged and appropriated and will be deposited in the Escrow Account: (a) $ from proceeds of the Bonds; (b) $ representing all or a portion of the purchase price paid by the Purchaser in excess of the minimum bid; and (c) $ , transferred from the Reserve Fund for the Refunded Bonds under the Indenture, representing the portion of the Reserve Requirement under the Indenture that is released by reason of redemption of the Refunded Principal of the Refunded Bonds. 5.04. It is hereby found and determined that proceeds of the Bonds available and appropriated to the Escrow Account will be sufficient, together with the permitted earnings on the investment of the Escrow Account without reinvestment, to pay at maturity or redemption all of the principal of, interest on and redemption premium (if any) on the Refunded Principal of the Refunded Bonds. 5.05. Securities purchased from the monies in the Escrow Account will be limited to securities specified in Section 10.01 of the Indenture for the Refunded Bonds. Springsted Incorporated, as agent for the City, is hereby authorized and directed to purchase for and on behalf of the City and in its name, appropriate securities to fund the Escrow Account. Upon the issuance and delivery of the Bonds, the securities so purchased will be deposited with the Escrow Agent and held pursuant to the terms of the Escrow Agreement and the Resolution. 5.06. The Refunded Principal of the Refunded Bonds (representing the maturities and sinking fund installments described in Section 5.01 hereof) will be redeemed and prepaid on the Redemption Date. The Refunded Principal will be redeemed and prepaid in accordance with the terms of the Refunded Bonds and the Indenture and in accordance with the terms and conditions set forth in the form of Notice of Call for Redemption attached hereto as Exhibit C which terms and conditions are hereby approved and incorporated herein by reference. The Trustee for the Refunded Bonds is authorized and directed to send a copy of the Notice of Redemption to each registered holder of the Refunded Principal of the Refunded Bonds. 5.07. The Mayor and City Administrator are authorized to execute a First Amendment to Lease - Purchase Agreement in substantially the form on file with the City Clerk, which amendment modified the lease payments payable by the City to reflect the partial redemption of the Refunded Bonds. 13 • • • Section 6. Authentication of Transcript. 6.01. The officers of the City are authorized and directed to prepare and furnish to the Purchaser and to the attorneys approving the Bonds, certified copies of proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and such other certificates, affidavits and transcripts as may be required to show the facts within their knowledge or as shown by the books and records in their custody and under their control, relating to the validity and marketability of the Bonds and such instruments, including any heretofore furnished, will be deemed representations of the City as to the facts stated therein. 6.02. The Mayor, City Administrator and Finance Director are hereby authorized and directed to certify that they have examined the Official Statement prepared and circulated in connection with the issuance and sale of the Bonds and that to the best of their knowledge and belief the Official Statement is a complete and accurate representation of the facts and representations made therein as of the date of the Official Statement. Section 7. Tax Covenant. 7.01. The City covenants and agrees with the holders from time to time of the Bonds that it will not take or permit to be taken by any of its officers, employees or agents any action which would cause the interest on the Bonds to become subject to taxation under the Internal Revenue Code of 1986, as amended (the "Code "), and the Treasury Regulations promulgated thereunder, in effect at the time of such actions, and that it will take or cause its officers, employees or agents to take, all affirmative action within its power that may be necessary to ensure that such interest will not become subject to taxation under the Code and applicable Treasury Regulations, as presently existing or as hereafter amended and made applicable to the Bonds. 7.02. The City will comply with requirements necessary under the Code to establish and maintain the exclusion from gross income of the interest on the Bonds under Section 103 of the Code, including without limitation requirements relating to temporary periods for investments and limitations on amounts invested at a yield greater than the yield on the Bonds and the rebate of excess investment earnings to the United States. 7.03. The City further covenants not to use the proceeds of the Bonds or to cause or permit them or any of them to be used, in such a manner as to cause the Bonds to be "private activity bonds" within the meaning of Sections 103 and 141 through 150 of the Code. 7.04. The City will use its best efforts to comply with any federal procedural requirements which may apply in order to effectuate the designations made by this section. 14 • • Section 8. Book -Entry System; Limited Obligation of City. 8.01. The Bonds will be initially issued in the form of a separate single typewritten or printed fully registered Bond for each of the maturities set forth in Section 1.03 hereof. Upon initial issuance, the ownership of each Bond will be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee for The Depository Trust Company, New York, New York, and its successors and assigns ( "DTC "). Except as provided in this section, all of the outstanding Bonds will be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC. 8.02. With respect to Bonds registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC, the City, the Registrar and the Paying Agent will have no responsibility or obligation to any broker dealers, banks and other financial institutions from time to time for which DTC holds Bonds as securities depository (the "Participants ") or to any other person on behalf of which a Participant holds an interest in the Bonds, including but not limited to any responsibility or obligation with respect to (i) the accuracy of the records of DTC, Cede & Co. or any Participant with respect to any ownership interest in the Bonds, (ii) the delivery to any Participant or any other person (other than a registered owner of Bonds, as shown by the registration books kept by the Registrar), of any notice with respect to the Bonds, including any notice of redemption, or (iii) the payment to any Participant or any other person, other than a registered owner of Bonds, of any amount with respect to principal of, premium, if any, or interest on the Bonds. The City, the Registrar and the Paying Agent may treat and consider the person in whose name each Bond is registered in the registration books kept by the Registrar as the holder and absolute owner of such Bond for the purpose of payment of principal, premium and interest with respect to such Bond, for the purpose of registering transfers with respect to such Bonds, and for all other purposes. The Paying Agent will pay all principal of, premium, if any, and interest on the Bonds only to or on the order of the respective registered owners, as shown in the registration books kept by the Registrar, and all such payments will be valid and effectual to fully satisfy and discharge the City's obligations with respect to payment of principal of, premium, if any, or interest on the Bonds to the extent of the sum or sums so paid. No person other than a registered owner of Bonds, as shown in the registration books kept by the Registrar, will receive a certificated Bond evidencing the obligation of this resolution. Upon delivery by DTC to the City Administrator of a written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., the words "Cede & Co.," will refer to such new nominee of DTC; and upon receipt of such a notice, the City Administrator will promptly deliver a copy of the same to the Registrar and Paying Agent. 8.03. Representation Letter. The City has heretofore executed and delivered to DTC a Blanket Issuer Letter of Representations (the "Representation Letter ") which will govern payment of principal of, premium, if any, and interest on the Bonds and notices with respect to the Bonds. Any Paying Agent or Registrar subsequently appointed by the City with respect to the Bonds will agree to take all action necessary for all representations of the City in the Representation letter with respect to the Registrar and Paying Agent, respectively, to be complied with at all times. 15 • • • 8.04. Transfers Outside Book -Entry System. In the event the City, by resolution of the City Council, determines that it is in the best interests of the persons having beneficial interests in the Bonds that they be able to obtain Bond certificates, the City will notify DTC, whereupon DTC will notify the Participants, of the availability through DTC of Bond certificates. In such event the City will issue, transfer and exchange Bond certificates as requested by DTC and any other registered owners in accordance with the provisions of this Resolution. DTC may determine to discontinue providing its services with respect to the Bonds at any time by giving notice to the City and discharging its responsibilities with respect thereto under applicable law. In such event, if no successor securities depository is appointed, the City will issue and the Registrar will authenticate Bond certificates in accordance with this resolution and the provisions hereof will apply to the transfer, exchange and method of payment thereof. 8.05. Payments to Cede & Co. Notwithstanding any other provision of this Resolution to the contrary, so long as a Bond is registered in the name of Cede & Co., as nominee of DTC, payments with respect to principal of premium, if any, and interest on the Bond and notices with respect to the Bond will be made and given, respectively in the manner provided in DTC's Operational Arrangements as set forth in the Representation Letter. Section 9. Continuing Disclosure. 9.01. The City hereby covenants and agrees that it will comply with and carry out all of the provisions of the Continuing Disclosure Certificate. Notwithstanding any other provision of this Resolution, failure of the City to comply with the Continuing Disclosure Certificate will not be considered an event of default with respect to the Bonds; however, any Bondholder may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the City to comply with its obligations under this section. 9.02. "Continuing Disclosure Certificate" means that certain Continuing Disclosure Certificate executed by the Mayor and City Administrator and dated the date of issuance and delivery of the Bonds, as originally executed and as it may be amended from time to time in accordance with the terms thereof. Section 10. Defeasance. 10.01. When all Bonds and all interest thereon, have been discharged as provided in this section, all pledges, covenants and other rights granted by this resolution to the holders of the Bonds will cease, except that the pledge of the full faith and credit of the City for the prompt and full payment of the principal of and interest on the Bonds will remain in full force and effect. The City may discharge all Bonds which are due on any date by depositing with the Registrar on or before that date a sum sufficient for the payment thereof in full. If any Bond should not be paid when due, it may nevertheless be discharged by depositing with the Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. 16 -67- • • • The motion for the adoption of the foregoing resolution was duly seconded by Member , and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted. 17 • • • EXHIBIT A PROPOSALS A -1 • • • YEAR * * Year tax levy collected. 299406v2 SJB LN140 -96 EXHIBIT B TAX LEVY SCHEDULE TAX LEVY B -1 $ • • • EXHIBIT C NOTICE OF CALL FOR REDEMPTION $5,350,000 LINO LAKES ECONOMIC DEVELOPMENT AUHTORITY LEASE REVENUE BONDS, SERIES 1998A (CITY OF LINO LAKES, MINNESOTA LEASE OBLIGATION) ANOKA COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN that, by order of the City Council of the City of Lino Lakes, Anoka County, Minnesota, there have been called for redemption and prepayment on DECEMBER 1, 2006 a portion of the outstanding bonds issued by the Lino Lakes Economic Development Authority designated as Lino Lakes Economic Development Authority Lease Revenue Bonds, Series 1998A (City of Lino Lakes, Minnesota Lease Obligation), dated August 1, 1998 (the "Series 1998A Bonds "). The Series 1998A Bonds to be redeemed are (a) those having stated maturity dates of February 1 in the years 2013 through 2019, both inclusive, and (b) a portion of the Term Bonds having a stated maturity date of February 1, 2011, such portion being equal to the mandatory sinking fund installment due on February 1 2011 ($290,000) and $55,000 of the mandatory sinking fund installment due on February 1, 2010; the aggregate principal amount of Series 1998A Bonds to be redeemed being $3,345,000 (the "Refunded Principal "), with the following CUSIP numbers: Year of Maturity Amount 2011 345,000 2013 630,000 2016 1,080,000 2019 1,290,000 CUSIP Number The Refunded Principal of Series 1998A Bonds are being called at a price of par plus accrued interest to December 1, 2006, on which date all interest on said bonds will cease to accrue. Holders of the bonds hereby called for redemption are requested to present their bonds for payment at the main office of U.S. Bank National Association, in the City of St. Paul, Minnesota, on or before December 1, 2006. 299406v2 SJB LN140 -96 C -1 • • • If by mail: U.S. Bank National Association Corporate Trust Operations 60 Livingston Avenue EP- MN -WS3C St. Paul, MN 55107 If by hand: U.S. Bank National Association 60 Livingston Avenue 3rd Floor — Bond Drop Window St. Paul, MN 55107 Important Notice: In compliance with the Jobs and Growth Tax Relief Reconciliation Act of 2003, federal backup withholding tax will be withheld at the applicable backup withholding rate in effect at the time the payment by the redeeming institutions if they are not provided with your social security number or federal employer identification number, properly certified. This requirement is fulfilled by submitting a W -9 Form, which may be obtained at a bank or other financial institution. The Trustee will not be responsible for the selection or use of the CUSIP number, nor is any representation made as to the correctness indicated in the Redemption Notice or on any Bond. It is included solely for convenience of the Holders. Additional information may be obtained from: Dated: October 23, 2006. 299406v2 SJB LN140 -96 U.S. Bank National Association Corporate Trust Division Bondholder Relations (800) 934 -6802 BY ORDER OF THE CITY COUNCIL By /s/ Julianne Bartell City Clerk City of Lino Lakes, Minnesota C -2 • • In accordance with the official Terms of Proposal the following adjustments were made: Principal Amount: Maturities: Minimum Purchase Price: RESOLUTION NO. 06 -176 A RESOLUTION AWARDING THE SALE OF $1,745,000 GENERAL OBLIGATION WATER REVENUE REFUNDING BONDS, SERIES 2006F; FIXING THEIR FORM AND SPECIFICATIONS; DIRECTING THEIR EXECUTION AND DELIVERY; AND PROVIDING FOR THEIR PAYMENT BE IT RESOLVED By the City Council of the City of Lino Lakes, Anoka County, Minnesota (the "City") as follows: Section 1. Sale of Bonds. 1.01. The proposal of (the "Purchaser ") to purchase $ General Obligation Water Revenue Refunding Bonds, Series 2006F (the "Bonds ") of the City described in the Terms of Proposal thereof is determined to be a reasonable offer and is accepted, the proposal being to purchase the Bonds at a price of $ plus accrued interest to date of delivery, for Bonds bearing interest as follows: Year Interest Rate Year Interest Rate 2008 2011 2009 2012 2010 True interest cost: 1.02. The sum of $ being the amount proposed by the Purchaser in excess of $ is credited to the Debt Service Fund hereinafter created, or applied to redemption of the Refunded Bonds (as defined hereinafter), as determined by the City's financial advisor. The City Finance Director is directed to deposit the good faith check of the Purchaser, pending completion of the sale of the Bonds, and to return the good faith checks of the unsuccessful 299374v2 SJB LN 140 -97 2 • • • proposers forthwith. The Mayor and City Administrator are directed to execute a contract with the Purchaser on behalf of the City. 1.03. The City will forthwith issue and sell the Bonds pursuant to Minnesota Statutes, Chapter 475 (the "Act ") in the total principal amount of $ , originally dated November 1, 2006, in the denomination of $5,000 each or any integral multiple thereof, numbered No. R -1, upward, bearing interest as above set forth, and which mature serially on February 1 without option of prior payment in the years and amounts as follows: Year Amount Year Amount 2008 2011 2009 2012 2010 Section 2. Registration and Payment. 2.01. Registered Form. The Bonds will be issued only in fully registered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof, is payable by check or draft issued by the Registrar described herein. 2.02. Dates; Interest Payment Dates. Each Bond will be dated as of the last interest payment date preceding the date of authentication to which interest on the Bond has been paid or made available for payment, unless (i) the date of authentication is an interest payment date to which interest has been paid or made available for payment, in which case the Bond will be dated as of the date of authentication, or (ii) the date of authentication is prior to the first interest payment date, in which case the Bond will be dated as of the date of original issue. The interest on the Bonds is payable on February 1 and August 1 of each year, commencing August 1, 2007, to the registered owners of record as of the close of business on the fifteenth day of the immediately preceding month, whether or not that day is a business day. 2.03. Registration. The City will appoint, and will maintain, a bond registrar, transfer agent, authenticating agent and paying agent (the "Registrar "). The effect of registration and the rights and duties of the City and the Registrar with respect thereto are as follows: (a) Register. The Registrar must keep at its principal corporate trust office a bond register in which the Registrar provides for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred or exchanged. (b) Transfer of Bonds. Upon surrender for transfer of a Bond duly endorsed by the registered owner thereof or accompanied by a written instrument of transfer, in 299374v2 SJB LN140 -97 3 • • • form satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, the Registrar will authenticate and deliver, in the name of the designated transferee or transferees, one or more new Bonds of a like aggregate principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding each interest payment date and until that interest payment date. (c) Exchange of Bonds. When Bonds are surrendered by the registered owner for exchange the Registrar will authenticate and deliver one or more new Bonds of a like aggregate principal amount and maturity as requested by the registered owner or the owner's attorney in writing. (d) Cancellation. Bonds surrendered upon transfer or exchange will be promptly cancelled by the Registrar and thereafter disposed of as directed by the City. (e) Improper or Unauthorized Transfer. When a Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the Bond until the Registrar is satisfied that the endorsement on the Bond or separate instrument of transfer is valid and genuine and that the requested transfer is legally authorized. The Registrar will incur no liability for the refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (f) Persons Deemed Owners. The City and the Registrar may treat the person in whose name a Bond is registered in the bond register as the absolute owner of the Bond, whether the Bond is overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on the Bond and for all other purposes, and payments so made to a registered owner or upon the owner's order will be valid and effectual to satisfy and discharge the liability upon the Bond to the extent of the sum or sums so paid. (g) Taxes, Fees and Charges. The Registrar may impose a charge upon the owner thereof for a transfer or exchange of Bonds sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to the transfer or exchange. (h) Mutilated, Lost, Stolen or Destroyed Bonds. If a Bond becomes mutilated or is destroyed, stolen or lost, the Registrar will deliver a new Bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of the mutilated Bond or in lieu of and in substitution for any Bond destroyed, stolen or lost, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Bond destroyed, stolen or lost, upon filing with the Registrar of evidence satisfactory to it that the Bond was destroyed, stolen or 299374v2 SJB LN140 -97 4 • • • lost, and of the ownership thereof, and upon furnishing to the Registrar an appropriate bond or indemnity in form, substance and amount satisfactory to it and as provided by law, in which both the City and the Registrar must be named as obligees. Bonds so surrendered to the Registrar will be cancelled by the Registrar and evidence of such cancellation must be given to the City. If the mutilated, destroyed, stolen or lost Bond has already matured or been called for redemption in accordance with its terms it is not necessary to issue a new Bond prior to payment. (i) Redemption. In the event any of the Bonds are called for redemption, notice thereof identifying the Bonds to be redeemed will be given by the Registrar by mailing a copy of the redemption notice by first class mail (postage prepaid) to the registered owner of each Bond to be redeemed at the address shown on the registration books kept by the Registrar and by publishing the notice if required by law. Failure to give notice by publication or by mail to any registered owner, or any defect therein, will not affect the validity of the proceedings for the redemption of Bonds. Bonds so called for redemption will cease to bear interest after the specified redemption date, provided that the funds for the redemption are on deposit with the place of payment at that time. 2.04. Appointment of Initial Registrar. The City appoints U.S. Bank National Association, St. Paul, Minnesota, as the initial Registrar. The Mayor and the City Administrator are authorized to execute and deliver, on behalf of the City, a contract with the Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust company authorized by law to conduct such business, the resulting corporation is authorized to act as successor Registrar. The City agrees to pay the reasonable and customary charges of the Registrar for the services performed. The City reserves the right to remove the Registrar upon 30 days' notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar must deliver all cash and Bonds in its possession to the successor Registrar and must deliver the bond register to the successor Registrar. On or before each principal or interest due date, without further order of this Council, the City Finance Director must transmit to the Registrar monies sufficient for the payment of all principal and interest then due. 2.05. Execution, Authentication and Delivery. The Bonds will be prepared under the direction of the City Administrator and executed on behalf of the City by the signatures of the Mayor and the City Administrator, provided that all signatures may be printed, engraved or lithographed facsimiles of the originals. If an officer whose signature or a facsimile of whose signature appears on the Bonds ceases to be such officer before the delivery of any Bond, that signature or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. Notwithstanding such execution, a Bond will not be valid or obligatory for any purpose or entitled to any security or benefit under this Resolution unless and until a certificate of authentication on the Bond has been duly executed by the manual signature of an authorized representative of the Registrar. Certificates of authentication on different Bonds need not be signed by the same representative. The executed certificate of 299374v2 SJB LN140 -97 5 • • authentication on a Bond is conclusive evidence that it has been authenticated and delivered under this Resolution. When the Bonds have been so prepared, executed and authenticated, the City Administrator will deliver the same to the Purchaser upon payment of the purchase price in accordance with the contract of sale heretofore made and executed, and the Purchaser is not obligated to see to the application of the purchase price. 2.06. Temporary Bonds. The City may elect to deliver in lieu of printed definitive Bonds one or more typewritten temporary Bonds in substantially the form set forth in Section 3 with such changes as may be necessary to reflect more than one maturity in a single temporary bond. Upon the execution and delivery of definitive Bonds the temporary Bonds will be exchanged therefor and cancelled. Section 3. Form of Bond. 3.01. The Bonds will be printed or typewritten in substantially the following form: No. R- UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF ANOKA CITY OF LINO LAKES GENERAL OBLIGATION WATER REVENUE REFUNDING BOND, SERIES 2006F Date of Rate Maturity Original Issue February 1, 20_ November 1, 2006 Registered Owner: Cede & Co. CUSIP The City of Lino Lakes, Minnesota, a duly organized and existing municipal corporation in Anoka County, Minnesota (the "City "), acknowledges itself to be indebted and for value received promises to pay to the Registered Owner specified above or registered assigns, the principal sum of $ on the maturity date specified above without option of prior payment, with interest thereon from the date hereof at the annual rate specified above, payable February 1 and August 1 in each year, commencing August 1, 2007, to the person in whose name this Bond is registered at the close of business on the fifteenth day (whether or not a business 299374v2 SJB LN140 -97 6 • • • day) of the immediately preceding month. The interest hereon and, upon presentation and surrender hereof, the principal hereof are payable in lawful money of the United States of America by check or draft by U.S. Bank National Association, St. Paul, Minnesota, as Registrar, Paying Agent, Transfer Agent and Authenticating Agent, or its designated successor under the Resolution described herein. For the prompt and full payment of such principal and interest as the same respectively become due, the full faith and credit and taxing powers of the City have been and are hereby irrevocably pledged. The Bonds of which this Bond forms a part are deemed and designated as "qualified tax exempt obligations" within the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended (the "Code ") relating to disallowance of interest expense for financial institutions and within the $10 million limit allowed by the Code for the calendar year of issue. This Bond is one of an issue in the aggregate principal amount of $ all of like original issue date and tenor, except as to number, maturity date and interest rate, all issued pursuant to a resolution adopted by the City Council on October 23, 2006 (the "Resolution "), for the purpose of providing money to refund the outstanding principal amount of certain general obligation bonds of the City, pursuant to and in full conformity with the home rule charter of the City and the Constitution and laws of the State of Minnesota, including Minnesota Statutes, Sections 475.67 and the principal hereof and interest hereon are payable primarily from net revenues of the water utility system of the City in a special debt service fund of the City as set forth in the Resolution to which reference is made for a full statement of rights and powers thereby conferred. The full faith and credit of the City are irrevocably pledged for payment of this Bond and the City Council has obligated itself to levy ad valorem taxes on all taxable property in the City in the event of any deficiency in net water utility revenues pledged, which taxes may be levied without limitation as to rate or amount. The Bonds of this series are issued only as fully registered Bonds in denominations of $5,000 or any integral multiple thereof of single maturities. IT IS HEREBY CERTIF I HD AND RECITED That in and by the Resolution, the City has covenanted and agreed that it will continue to own and operate the water utility system free from competition by other like utilities; that adequate insurance on said plant and system and suitable fidelity bonds on employees will be carried; that proper and adequate books of account will be kept showing all receipts and disbursements relating to the Water Fund, into which it will pay all of the gross revenues from the water utility system; that it will also create and maintain a General Obligation Water Revenue Refunding Bonds, Series 2006F Debt Service Fund, into which it will pay, out of the net revenues from the water utility system a sum sufficient to pay principal hereof and interest hereon when due; and that it will provide, by ad valorem tax levies, for any deficiency in required net water utility system revenues. As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books of the City at the principal office of the Registrar, by the registered owner hereof in person or by the owner's attorney duly authorized in writing, upon 299374v2 SJB LN140 -97 7 -7 7a- • • • surrender hereof together with a written instrument of transfer satisfactory to the Registrar, duly executed by the registered owner or the owner's attorney; and may also be surrendered in exchange for Bonds of other authorized denominations. Upon such transfer or exchange the City will cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturing on the same date, subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to such transfer or exchange. The City and the Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of receiving payment and for all other purposes, and neither the City nor the Registrar will be affected by any notice to the contrary. IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required by the home rule charter of the City and the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed preliminary to and in the issuance of this Bond in order to make it a valid and binding general obligation of the City in accordance with its terms, have been done, do exist, have happened and have been performed as so required, and that the issuance of this Bond does not cause the indebtedness of the City to exceed any constitutional, statutory or charter limitation of indebtedness. This Bond is not valid or obligatory for any purpose or entitled to any security or benefit under the Resolution until the Certificate of Authentication hereon has been executed by the Registrar by manual signature of one of its authorized representatives. IN WITNESS WHEREOF, the City of Lino Lakes, Anoka County, Minnesota, by its City Council, has caused this Bond to be executed on its behalf by the facsimile or manual signatures of the Mayor and City Administrator and has caused this Bond to be dated as of the date set forth below. Dated: CITY OF LINO LAKES, MINNESOTA (Facsimile) (Facsimile) City Administrator Mayor 299374v2 SJB LN140 -97 8 -77b- • • • CERTIFICATE OF AUTHENTICATION This is one of the Bonds delivered pursuant to the Resolution mentioned within. U.S. BANK NATIONAL ASSOCIATION By Authorized Representative The following abbreviations, when used in the inscription on the face of this Bond, will be construed as though they were written out in full according to applicable laws or regulations: TEN COM -- as tenants in common TEN ENT -- as tenants by entireties UNIF GIFT MIN ACT Custodian (Cust) (Minor) JT TEN -- as joint tenants with right of survivorship and not as tenants in common under Uniform Gifts or Transfers to Minors Act (State) Additional abbreviations may also be used though not in the above list. ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto the within Bond and all rights thereunder, and does hereby irrevocably constitute and appoint attorney to transfer the said Bond on the books kept for registration of the within Bond, with full power of substitution in the premises. Dated: Notice: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. 299374v2 SJB LN140 -97 9 Signature Guaranteed: NOTICE: Signature(s) must be guaranteed by a financial institution that is a member of the Securities Transfer Agent Medallion Program ( "STAMP "), the Stock Exchange Medallion Program ( "SEMP "), the New York Stock Exchange, Inc. Medallion Signatures Program ( "MSP ") or other such "signature guarantee program" as may be determined by the Registrar in addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with the Securities Exchange Act of 1934, as amended. The Registrar will not effect transfer of this Bond unless the information concerning the assignee requested below is provided. Name and Address: • (Include information for all joint owners if this Bond is held by joint account.) • Please insert social security or other identifying number of assignee PROVISIONS AS TO REGISTRATION The ownership of the principal of and interest on the within Bond has been registered on the books of the Registrar in the name of the person last noted below. Date of Registration 299374v2 SJB LN140 -97 Signature of Registered Owner Officer of Registrar Cede & Co. Federal ID #13- 2555119 10 • • 3.02. The City Administrator is authorized and directed to obtain a copy of the proposed approving legal opinion of Kennedy & Graven, Chartered, Minneapolis, Minnesota, which is to be complete except as to dating thereof and cause the opinion to be printed on or accompany each Bond. Section 4. Payment; Security; Pledges and Covenants. 4.01. The City will create and continue to operate its Water Fund to which will be credited all gross revenues of the water utility system and out of which will be paid all normal and reasonable expenses of current operations of the water utility system. Any balance therein will be deemed net revenues and will be transferred from time to time, to a General Obligation Water Revenue Refunding Bonds, Series 2006F Debt Service Fund (the "Debt Service Fund ") hereby created in the Water Fund, which fund will be used only to pay principal of and interest on the Bonds and any other bonds similarly authorized. The Water Fund Accounts established in the resolution awarding the sale of the Refunded Bonds (as defined in Section 5.01) are continued and will be maintained as therein provided. These accounts are the Operations Account, the Sinking Fund Account, the Construction Account and the Surplus Account. There will always be retained in the Debt Service Fund a sufficient amount to pay principal of and interest on all the Bonds, and the City Administrator will report any current or anticipated deficiency in the Debt Service Fund to the City Council. After payment of the principal and interest when due on the February 1, 2007 maturity of the Refunded Bonds, the debt service fund for the Refunded Bonds is terminated, and all monies therein are hereby transferred to the Debt Service Fund herein created. 4.02. It is determined that estimated collection of net revenues of the water utility system for the payment of principal and interest on the Bonds will produce at least five percent in excess of the amount needed to meet when due, the principal and interest payments on the Bonds and that no tax levy is needed at this time. 4.03. The City Clerk is directed to file a certified copy of this resolution with the Manager of Property Records and Taxation of Anoka County and to obtain the certificate required by Section 475.63 of the Act. 4.04. It is hereby determined that upon the receipt of proceeds of the Bonds (the "Proceeds ") for payment of the Refunded Bonds that an irrevocable appropriation to the debt service fund for the Refunded Bonds will have been made within the meaning of Section 475.61, subdivision 3 of the Act and the City Administrator is hereby authorized and directed to certify such fact to and request the Manager of Property Records and Taxation of Anoka County to cancel any and all tax levies made by the resolution authorizing and approving the Refunded Bonds. 299374v2 SJB LN140 -97 11 • 4.05. The City Council covenants and agrees with the holders of the Bonds that so long as any of the Bonds remain outstanding and unpaid, it will keep and enforce the following covenants and agreements: (a) The City will continue to maintain and efficiently operate the water utility system as public utilities and conveniences free from competition of other like utilities and will cause all revenues therefrom to be deposited in bank accounts and credited to the water utility system accounts as hereinabove provided, and will make no expenditures from said accounts except for a duly authorized purpose and in accordance with this resolution. (b) The City will also maintain the Debt Service Fund as a separate account in the Water Fund and will cause money to be credited thereto from time to time, out of net revenues from the water utility system in sums sufficient to pay principal of and interest on the Bonds when due. (c) The City will keep and maintain proper and adequate books of records and accounts separate from all other records of the City in which will be complete and correct entries as to all transactions relating to the water utility system and which will be open to inspection and copying by any bondholder, the bondholder's agent or attorney, at any reasonable time, and it will furnish certified transcripts therefrom upon request and upon payment of a reasonable fee therefor, and said account will be audited at least annually by a qualified public accountant and statements of such audit and report will be furnished to all bondholders upon request. (d) The City Council will cause all persons handling revenues of the water utility system to be bonded in reasonable amounts for the protection of the City and the bondholders and will cause the funds collected on account of the operations of the water utility system to be deposited in a bank whose deposits are guaranteed under the Federal Deposit Insurance Law. (e) The Council will keep the water utility system insured at all times against loss by fire, tornado and other risks customarily insured against with an insurer or insurers in good standing, in such amounts as are customary for like plants, to protect the holders, from time to time, of the Bonds and the City from any loss due to any such casualty and will apply the proceeds of such insurance to make good any such loss. (f) The City and each and all of its officers will punctually perform all duties with reference to the water utility system as required by the laws of the State of Minnesota. (g) The City will impose and collect charges of the nature authorized by Minnesota Statutes, Section 444.075 at the times and in the amounts required to produce, 299374v2 SJB LN140 -97 12 • net revenues adequate to pay all principal and interest when due on the Bonds and to create and maintain such reserves securing said payments as may be provided in this resolution. (h) The City Council will levy general ad valorem taxes on all taxable property in the City when required to meet any deficiency in net revenues pledged for payment of the Bonds. Section 5. Refunding; Findings; Redemption of Refunded Bonds. 5.01. The Refunded Bonds are the General Obligation Water Revenue Bonds, Series 1996B of the City, dated October 1, 1996, of which $1,710,000 in principal amount is callable on February 1, 2007. It is hereby found and determined that based upon information presently available from the City's financial advisers, the issuance of the Bonds is consistent with covenants made with the holders thereof and is necessary and desirable for the reduction of debt service cost to the municipality. 5.02. It is hereby found and determined that the Proceeds will be sufficient to prepay all of the principal of, interest on and redemption premium (if any) on the Refunded Bonds. 5.03. The Refunded Bonds maturing on February 1, 2008 and thereafter will be redeemed and prepaid on February 1, 2007. The Refunded Bonds will be redeemed and prepaid in accordance with their terms and in accordance with the terms and conditions set forth in the form of Notice of Call for Redemption attached hereto as Exhibit B which terms and conditions are hereby approved and incorporated herein by reference. The Registrar for the Refunded Bonds is authorized and directed to send a copy of the Notice of Redemption to each registered holder of the Refunded Bonds. Section 6. Authentication of Transcript. 6.01. The officers of the City are authorized and directed to prepare and furnish to the Purchaser and to the attorneys approving the Bonds, certified copies of proceedings and records of the City relating to the Bonds and to the fmancial condition and affairs of the City, and such other certificates, affidavits and transcripts as may be required to show the facts within their knowledge or as shown by the books and records in their custody and under their control, relating to the validity and marketability of the Bonds and such instruments, including any heretofore furnished, will be deemed representations of the City as to the facts stated therein. 6.02. The Mayor, City Administrator and Finance Director are hereby authorized and directed to certify that they have examined the Official Statement prepared and circulated in connection with the issuance and sale of the Bonds and that to the best of their knowledge and belief the Official Statement is a complete and accurate representation of the facts and representations made therein as of the date of the Official Statement. 299374v2 SJB LN140 -97 13 • • Section 7. Tax Covenant. 7.01. The City covenants and agrees with the holders from time to time of the Bonds that it will not take or permit to be taken by any of its officers, employees or agents any action which would cause the interest on the Bonds to become subject to taxation under the Internal Revenue Code of 1986, as amended (the "Code "), and the Treasury Regulations promulgated thereunder, in effect at the time of such actions, and that it will take or cause its officers, employees or agents to take, all affirmative action within its power that may be necessary to ensure that such interest will not become subject to taxation under the Code and applicable Treasury Regulations, as presently existing or as hereafter amended and made applicable to the Bonds. 7.02. The City will comply with requirements necessary under the Code to establish and maintain the exclusion from gross income of the interest on the Bonds under Section 103 of the Code, including without limitation requirements relating to temporary periods for investments and limitations on amounts invested at a yield greater than the yield on the Bonds, and the rebate of excess investment earnings to the United States. 7.03. The City further covenants not to use the proceeds of the Bonds or to cause or permit them or any of them to be used, in such a manner as to cause the Bonds to be "private activity bonds" within the meaning of Sections 103 and 141 through 150 of the Code. 7.04. The Bonds are deemed to be "qualified tax- exempt obligations" within the meaning of Section 265(b)(3) of the Code, because the City determines that: (a) the Bonds are not "private activity bonds" as defined in Section 141 of the Code; (b) the Refunded Bonds were qualified tax - exempt obligations; (c) the Bonds are not taken into account in determining the status of the City as a "qualified small issuer" within the meaning of Section 265(b)(3) of the Code, because the amount of the Bonds does not exceed the outstanding amount of the Refunded Bonds; (d) the average maturity date of the Bonds is not later than the average maturity date of the Refunded Bonds; and (e) the Bonds have a maturity date which is not later than the date which is 30 years after the date the Refunded Bonds were issued. 299374v2 SJB LN140 -97 14 • • 7.05. The City will use its best efforts to comply with any federal procedural requirements which may apply in order to effectuate the designations made by this section. Section 8. Book -Entry System; Limited Obligation of City. 8.01. The Bonds will be initially issued in the form of a separate single typewritten or printed fully registered Bond for each of the maturities set forth in Section 1.03 hereof. Upon initial issuance, the ownership of each Bond will be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee for The Depository Trust Company, New York, New York, and its successors and assigns ( "DTC "). Except as provided in this section, all of the outstanding Bonds will be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC. 8.02. With respect to Bonds registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC, the City, the Registrar and the Paying Agent will have no responsibility or obligation to any broker dealers, banks and other financial institutions from time to time for which DTC holds Bonds as securities depository (the "Participants ") or to any other person on behalf of which a Participant holds an interest in the Bonds, including but not limited to any responsibility or obligation with respect to (i) the accuracy of the records of DTC, Cede & Co. or any Participant with respect to any ownership interest in the Bonds, (ii) the delivery to any Participant or any other person (other than a registered owner of Bonds, as shown by the registration books kept by the Registrar), of any notice with respect to the Bonds, including any notice of redemption, or (iii) the payment to any Participant or any other person, other than a registered owner of Bonds, of any amount with respect to principal of, premium, if any, or interest on the Bonds. The City, the Registrar and the Paying Agent may treat and consider the person in whose name each Bond is registered in the registration books kept by the Registrar as the holder and absolute owner of such Bond for the purpose of payment of principal, premium and interest with respect to such Bond, for the purpose of registering transfers with respect to such Bonds, and for all other purposes. The Paying Agent will pay all principal of, premium, if any, and interest on the Bonds only to or on the order of the respective registered owners, as shown in the registration books kept by the Registrar, and all such payments will be valid and effectual to fully satisfy and discharge the City's obligations with respect to payment of principal of, premium, if any, or interest on the Bonds to the extent of the sum or sums so paid. No person other than a registered owner of Bonds, as shown in the registration books kept by the Registrar, will receive a certificated Bond evidencing the obligation of this resolution. Upon delivery by DTC to the City Administrator of a written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., the words "Cede & Co.," will refer to such new nominee of DTC; and upon receipt of such a notice, the City Administrator will promptly deliver a copy of the same to the Registrar and Paying Agent. 8.03. Representation Letter. The City has heretofore executed and delivered to DTC a Blanket Issuer Letter of Representations (the "Representation Letter ") which will govern payment of principal of, premium, if any, and interest on the Bonds and notices with respect to 299374v2 SJB LN140 -97 15 • • • the Bonds. Any Paying Agent or Registrar subsequently appointed by the City with respect to the Bonds will agree to take all action necessary for all representations of the City in the Representation letter with respect to the Registrar and Paying Agent, respectively, to be complied with at all times. 8.04. Transfers Outside Book -Entry System. In the event the City, by resolution of the City Council, determines that it is in the best interests of the persons having beneficial interests in the Bonds that they be able to obtain Bond certificates, the City will notify DTC, whereupon DTC will notify the Participants, of the availability through DTC of Bond certificates. In such event the City will issue, transfer and exchange Bond certificates as requested by DTC and any other registered owners in accordance with the provisions of this Resolution. DTC may determine to discontinue providing its services with respect to the Bonds at any time by giving notice to the City and discharging its responsibilities with respect thereto under applicable law. In such event, if no successor securities depository is appointed, the City will issue and the Registrar will authenticate Bond certificates in accordance with this resolution and the provisions hereof will apply to the transfer, exchange and method of payment thereof. 8.05. Payments to Cede & Co. Notwithstanding any other provision of this Resolution to the contrary, so long as a Bond is registered in the name of Cede & Co., as nominee of DTC, payments with respect to principal of, premium, if any, and interest on the Bond and notices with respect to the Bond will be made and given, respectively in the manner provided in DTC's Operational Arrangements as set forth in the Representation Letter. Section 9. Continuing Disclosure. 9.01. The City hereby covenants and agrees that it will comply with and carry out all of the provisions of the Continuing Disclosure Certificate. Notwithstanding any other provision of this Resolution, failure of the City to comply with the Continuing Disclosure Certificate will not be considered an event of default with respect to the Bonds; however, any Bondholder may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the City to comply with its obligations under this section. 9.02. "Continuing Disclosure Certificate" means that certain Continuing Disclosure Certificate executed by the Mayor and City Administrator and dated the date of issuance and delivery of the Bonds, as originally executed and as it may be amended from time to time in accordance with the terms thereof. 299374v2 SJB LN140 -97 16 • • • Section 10. Defeasance. 10.01. When all Bonds and all interest thereon, have been discharged as provided in this section, all pledges, covenants and other rights granted by this resolution to the holders of the Bonds will cease, except that the pledge of the full faith and credit of the City for the prompt and full payment of the principal of and interest on the Bonds will remain in full force and effect. The City may discharge all Bonds which are due on any date by depositing with the Registrar on or before that date a sum sufficient for the payment thereof in full. If any Bond should not be paid when due, it may nevertheless be discharged by depositing with the Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. 299374v2 SJB LN140 -97 (The remainder of this page is intentionally left blank.) 17 • • • The motion for the adoption of the foregoing resolution was duly seconded by Member , and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted. 299374v2 SJB LN140 -97 18 • • 299374v2 SJB LN140 -97 EXIIIBIT A PROPOSALS • • EXHIBIT B NOTICE OF CALL FOR REDEMPTION $3,320,000 GENERAL OBLIGATION WATER REVENUE BONDS, SERIES 1996B CITY OF LINO LAKES ANOKA COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN that, by order of the City Council of the City of Lino Lakes, Anoka County, Minnesota, there have been called for redemption and prepayment on FEBRUARY 1, 2007 all outstanding bonds of the City designated as General Obligation Water Revenue Bonds, Series 1996B, dated October 1, 1996, having stated maturity dates of February 1 in the years 2008 through 2012, both inclusive, totaling $1,710,000 in principal amount, and with the following CUSIP numbers: Year of Maturity Amount CUSIP Number 2008 $210,000 536060 DV5 2009 345,000 536060 DW3 2010 365,000 536060 DX1 2011 385,000 536060 DY9 2012 405,000 536060 DZ6 The bonds are being called at a price of par plus accrued interest to February 1, 2007, on which date all interest on said bonds will cease to accrue. Holders of the bonds hereby called for redemption are requested to present their bonds for payment at the main office of Wells Fargo Bank, National Association, in the City of Minneapolis, Minnesota (successor by merger to Norwest Bank Minnesota, National Association), on or before February 1, 2007, at the following address: 299374v2 SJB LNI40 -97 Wells Fargo Bank, National Association Attention: Corporate Trust Operations 255 Second Avenue South Minneapolis, MN 55479 -0113 B -1 • • • Important Notice: In compliance with the Jobs and Growth Tax Relief Reconciliation Act of 2003, federal backup withholding tax will be withheld at the applicable backup withholding rate in effect at the time the payment by the redeeming institutions if they are not provided with your social security number or federal employer identification number, properly certified. This requirement is fulfilled by submitting a W -9 Form, which may be obtained at a bank or other financial institution. The Trustee will not be responsible for the selection or use of the CUSIP number, nor is any representation made as to the correctness indicated in the Redemption Notice or on any Bond. It is included solely for convenience of the Holders. Dated: October 23, 2006. 299374v2 SJB LN140 -97 BY ORDER OF THE CITY COUNCIL By /s/ Julie Bartell City Clerk City of Lino Lakes, Minnesota B -2 REFUNDING ISSUES OFFICIAL STATEMENT DATED OCTOBER 12, 2006 Ratings: Requested from Moody's Investors Service In the opinion of Kennedy & Graven, Chartered, Bond Counsel for the City, under existing laws, regulations, rulings and decisions, assuming compliance with the covenants set forth in the Resolutions, the interest on the Bonds is not includable in the gross income of the owners thereof for federal income tax purposes or in taxable net income of individuals, estates or trusts for Minnesota income tax purposes, and is not includable in the computation of the alternative minimum tax imposed on individuals under the Internal Revenue Code of 1986, as amended, and on individuals, trusts and estates under Minnesota law. Interest on the Bonds is includable in the calculation of certain federal and Minnesota taxes imposed on corporations. (See "Tax Exemption" herein.) City of Lino Lakes, Minnesota $3,025,000* General Obligation Capital Improvement Plan Refunding Bonds, Series 2006E (the "Series 2006E Bonds ") $1,745,000* General Obligation Water Revenue Refunding Bonds, Series 2006F (the "Series 2006F Bonds ") (collectively referred to as the "Bonds," the "Obligations" or the "Issues ") (Book Entry Only) Dated Date: November 1, 2006 The Bonds will mature as shown on the inside front cover of this Official Statement. Proposals for the Series 2006E Bonds may contain a maturity schedule providing for any combination of serial bonds and term bonds. Any term bonds will be subject to mandatory sinking fund redemption at a price of par plus accrued interest to the date of redemption and must conform to the maturity schedules set forth on the inside front cover of this Official Statement. The Bonds will be general obligations of the City for which the City pledges its full faith and credit and power to levy direct general ad valorem taxes. Additional security for the Bonds is discussed herein. A separate proposal, for not less than the amounts shown below, must be submitted for each Issue, along with a good faith deposit in the form of a certified or cashier's check, or a Financial Surety Bond, payable to the order of the City. Rates shall be specified in integral multiples of 5/100 or 1/8 of 1% and must be in level or ascending order. The Bonds will be awarded on the basis of True Interest Cost (TIC). Minimum Bid Good Faith Deposit The Series 2006E Bonds $2,996,263 $30,250 The Series 2006F Bonds 1,735,839 17,450 The City will designate the Series 2006F Bonds as "qualified tax - exempt obligations" pursuant to Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. The Series 2006E Bonds are not designated as "qualified tax - exempt obligations." The Bonds will not be subject to the alternative minimum tax for individuals. The Bonds will be issued as fully registered Bonds without coupons and, when issued, will be registered in the name of Cede & Co., as nominee of The Depository Trust Company ( "DTC "). DTC will act as securities depository for the Bonds. Individual purchases may be made in book entry form only, in the principal amount of $5,000 and integral multiples thereof. Investors will not receive physical certificates representing their interest in the Bonds purchased. (See "Book Entry System" herein.) U.S. Bank National Association, St. Paul, Minnesota will serve as the registrar (the "Registrar ") for the Bonds. Bonds will be available for delivery at DTC on or about November 21, 2006. Preliminary; subject to change. PROPOSALS RECEIVED: October 23, 2006 (Monday) until 10:30 A.M., Central Time CITY AWARD: October 23, 2006 (Monday) at 6:30 P.M., Central Time ® Springsted Further information may be obtained from SPRINGSTED Incorporated, Financial Advisor to the Issuer, 380 Jackson Street, Suite 300, Saint Paul, Minnesota 55101 -2887 (651) 223 -3000 City of Lino Lakes, Minnesota $3,025,000* General Obligation Capital Improvement Plan Refunding Bonds, Series 2006E The Series 2006E Bonds will bear interest on February 1 and August 1, commencing February 1, 2007, and will mature February 1 as follows: 2010 $ 85,000 2011 $320,000 2012 $330,000 2013 $350,000 2014 $355,000 2015 $370,000 2016 $385,000 2017 $405,000 2018 $425,000 The City may elect on February 1, 2016, and on any day thereafter, to prepay the Series 2006E Bonds due on or after February 1, 2017 at a price of par plus accrued interest. $1,745,000* General Obligation Water Revenue Refunding Bonds, Series 2006F The Series 2006F Bonds will bear interest on February 1 and August 1, commencing August 1, 2007, and will mature February 1 as follows: 2008 $215,000 2010 $375,000 2012 $405,000 2009 $360,000 2011 $390,000 The Series 2006F Bonds will not be subject to payment in advance of their respective stated maturity dates. Preliminary; subject to change. For purposes of compliance with Rule 15c2 -12 of the Securities and Exchange Commission, this document, as the same may be supplemented or corrected by the City from time to time (collectively, the "Official Statement "), may be treated as an Official Statement with respect to the Bonds described herein that is deemed final as of the date hereof (or of any such supplement or correction) by the City, except for the omission of certain information referred to in the succeeding paragraph. The Official Statement, when further supplemented by an addendum or addenda specifying the maturity dates, principal amounts and interest rates of the Bonds, together with any other information required by law, shall constitute a "Final Official Statement" of the City with respect to the Bonds, as that term is defined in Rule 15c2 -12. Any such addendum shall, on and after the date thereof, be fully incorporated herein and made a part hereof by reference. By awarding the Bonds to any underwriter or underwriting syndicate submitting a Proposal therefor, the City agrees that, no more than seven business days after the date of such award, it shall provide without cost to the senior managing underwriter of the syndicate to which the Bonds are awarded copies of the Official Statement and the addendum or addenda described in the preceding paragraph in the amount specified in the Terms of Proposal. The City designates the senior managing underwriter of the syndicate to which the Bonds are awarded as its agent for purposes of distributing copies of the Final Official Statement to each Participating Underwriter. Any underwriter delivering a Proposal with respect to the Bonds agrees thereby that if its bid is accepted by the City (i) it shall accept such designation and (ii) it shall enter into a contractual relationship with all Participating Underwriters of the Bonds for purposes of assuring the receipt by each such Participating Underwriter of the Final Official Statement. No dealer, broker, salesman or other person has been authorized by the City to give any information or to make any representations with respect to the Bonds, other than as contained in the Official Statement or the Final Official Statement, and if given or made, such other information or representations must not be relied upon as having been authorized by the City. Certain information contained in the Official Statement and the Final Official Statement may have been obtained from sources other than records of the City and, while believed to be reliable, is not guaranteed as to completeness or accuracy. THE INFORMATION AND EXPRESSIONS OF OPINION IN THE OFFICIAL STATEMENT AND THE FINAL OFFICIAL STATEMENT ARE SUBJECT TO CHANGE, AND NEITHER THE DELIVERY OF THE OFFICIAL STATEMENT OR THE FINAL OFFICIAL STATEMENT NOR ANY SALE MADE UNDER EITHER SUCH DOCUMENT SHALL CREATE ANY IMPLICATION THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE CITY SINCE THE DATE THEREOF. References herein to laws, rules, regulations, resolutions, agreements, reports and other documents do not purport to be comprehensive or definitive. All references to such documents are qualified in their entirety by reference to the particular document, the full text of which may contain qualifications of and exceptions to statements made herein. Where full texts have not been included as appendices to the Official Statement or the Final Official Statement, they will be furnished on request. Any CUSIP numbers for the Bonds included in the Final Official Statement are provided for convenience of the owners and prospective investors. The CUSIP numbers for the Bonds have been assigned by an organization unaffiliated with the City. The City is not responsible for the selection of the CUSIP numbers and makes no representation as to the accuracy thereof as printed on the Bonds or as set forth in the Final Official Statement. No assurance can be given that the CUSIP numbers for the Bonds will remain the same after the date of issuance and delivery of the Bonds. TABLE OF CONTENTS Paqe(s) Terms of Proposals: $3,025,000 General Obligation Capital Improvement Plan Refunding, Series 2006E i -iv $1,745,000 General Obligation Water Revenue Refunding Bonds, Series 2006F v -viii Introductory Statement 1 Continuing Disclosure 1 The Bonds 2 The Series 2006E Bonds 4 The Series 2006F Bonds 5 Future Financing 6 Litigation 6 Legality 6 Tax Exemption 6 Bank - Qualified Tax - Exempt Obligations — Series 2006F Bonds 7 Not Bank - Qualified Tax - Exempt Obligations — Series 2006E Bonds 7 Ratings 7 Financial Advisor 8 Certification 8 City Property Values 9 City Indebtedness 10 City Tax Rates, Levies and Collections 14 Funds on Hand 15 City Investments 15 General Information Concerning the City 16 Governmental Organization and Services 19 Proposed Forms of Legal Opinions Appendix I Continuing Disclosure Certificate Appendix II Summary of Tax Levies, Payment Provisions, and Minnesota Real Property Valuation Appendix III Excerpt of 2005 Annual Financial Statements Appendix IV Proposal Forms Inserted THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS: TERMS OF PROPOSAL $3,025,000* CITY OF LINO LAKES, MINNESOTA GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN REFUNDING BONDS, SERIES 2006E (BOOK ENTRY ONLY) Proposals for the Bonds will be received on Monday, October 23, 2006, until 10:30 A.M., Central Time, at the offices of Springsted Incorporated, 380 Jackson Street, Suite 300, Saint Paul, Minnesota, after which time they will be opened and tabulated. Consideration for award of the Bonds will be by the City Council at 6:30 P.M., Central Time, of the same day. SUBMISSION OF PROPOSALS Springsted will assume no liability for the inability of the bidder to reach Springsted prior to the time of sale specified above. All bidders are advised that each Proposal shall be deemed to constitute a contract between the bidder and the City to purchase the Bonds regardless of the manner in which the Proposal is submitted. (a) Sealed Bidding. Proposals may be submitted in a sealed envelope or by fax (651) 223 -3046 to Springsted. Signed Proposals, without final price or coupons, may be submitted to Springsted prior to the time of sale. The bidder shall be responsible for submitting to Springsted the final Proposal price and coupons, by telephone (651) 223 -3000 or fax (651) 223 -3046 for inclusion in the submitted Proposal. OR (b) Electronic Bidding. Notice is hereby given that electronic proposals will be received via PARITY". For purposes of the electronic bidding process, the time as maintained by PARITY® shall constitute the official time with respect to all Bids submitted to PARITY®. Each bidder shall be solely responsible for making necessary arrangements to access PAR!TY® for purposes of submitting its electronic Bid in a timely manner and in compliance with the requirements of the Terms of Proposal. Neither the City, its agents nor PARITY shall have any duty or obligation to undertake registration to bid for any prospective bidder or to provide or ensure electronic access to any qualified prospective bidder, and neither the City, its agents nor PARITY® shall be responsible for a bidder's failure to register to bid or for any failure in the proper operation of, or have any liability for any delays or interruptions of or any damages caused by the services of PARITY. The City is using the services of PARITY® solely as a communication mechanism to conduct the electronic bidding for the Bonds, and PARITY® is not an agent of the City. If any provisions of this Terms of Proposal conflict with information provided by PARITY°, this Terms of Proposal shall control. Further information about PARITY®, including any fee charged, may be obtained from: PARITY®, 1359 Broadway, 2nd Floor, New York, New York 10018 Customer Support: (212) 849 -5000 DETAILS OF THE BONDS The Bonds will be dated November 1, 2006, as the date of original issue, and will bear interest payable on February 1 and August 1 of each year, commencing February 1, 2007. Interest will be computed on the basis of a 360 -day year of twelve 30 -day months. The Bonds will mature February 1 in the years and amounts as follows: 2010 $ 85,000 2011 $320,000 2012 $330,000 2013 $350,000 2014 $355,000 2015 $370,000 2016 $385,000 2017 $405,000 2018 $425,000 The City reserves the right, after proposals are opened and prior to award, to increase or reduce the principal amount of the Bonds offered for sale. Any such increase or reduction will be made in multiples of $5,000 in any of the maturities. In the event the principal amount of the Bonds is increased or reduced, any premium offered or any discount taken by the successful bidder will be increased or reduced by a percentage equal to the percentage by which the principal amount of the Bonds is increased or reduced. Proposals for the Bonds may contain a maturity schedule providing for a combination of serial bonds and term bonds. All term bonds shall be subject to mandatory sinking fund redemption at a price of par plus accrued interest to the date of redemption and must conform to the maturity schedule set forth above. In order to designate term bonds, the proposal must specify "Years of Term Maturities" in the spaces provided on the Proposal Form. BOOK ENTRY SYSTEM The Bonds will be issued by means of a book entry system with no physical distribution of Bonds made to the public. The Bonds will be issued in fully registered form and one Bond, representing the aggregate principal amount of the Bonds maturing in each year, will be registered in the name of Cede & Co. as nominee of The Depository Trust Company ( "DTC "), New York, New York, which will act as securities depository of the Bonds. Individual purchases of the Bonds may be made in the principal amount of $5,000 or any multiple thereof of a single maturity through book entries made on the books and records of DTC and its participants. Principal and interest are payable by the registrar to DTC or its nominee as registered owner of the Bonds. Transfer of principal and interest payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest payments to beneficial owners by participants will be the responsibility of such participants and other nominees of beneficial owners. The purchaser, as a condition of delivery of the Bonds, will be required to deposit the Bonds with DTC. REGISTRAR The City will name the registrar, which shall be subject to applicable SEC regulations. The City will pay for the services of the registrar. OPTIONAL REDEMPTION The City may elect on February 1, 2016, and on any day thereafter, to prepay Bonds due on or after February 1, 2017. Redemption may be in whole or in part and if in part at the option of the City and in such manner as the City shall determine. If less than all Bonds of a maturity are called for redemption, the City will notify DTC of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. SECURITY AND PURPOSE The Bonds will be general obligations of the City for which the City will pledge its full faith and credit and power to levy direct general ad valorem taxes. The proceeds will be used to refund a portion of the February 1, 2011 maturity and the February 1, 2013 through February 1, 2019 maturities of the Lino Lakes Economic Development Authority's Lease Revenue Bonds, Series 1998A (City of Lino Lakes, Minnesota Lease Obligation), dated August 1, 1998. TYPE OF PROPOSALS Proposals shall be for not less than $2,996,263 and accrued interest on the total principal amount of the Bonds. Proposals shall be accompanied by a Good Faith Deposit ( "Deposit ") in the form of a certified or cashier's check or a Financial Surety Bond in the amount of $30,250, payable to the order of the City. If a check is used, it must accompany the proposal. If a Financial Surety Bond is used, it must be from an insurance company licensed to issue such a bond in the State of Minnesota, and preapproved by the City. Such bond must be submitted to Springsted Incorporated prior to the opening of the proposals. The Financial Surety Bond must identify each underwriter whose Deposit is guaranteed by such Financial Surety Bond. If the Bonds are awarded to an underwriter using a Financial Surety Bond, then that purchaser is required to submit its Deposit to Springsted Incorporated in the form of a certified or cashier's check or wire transfer as instructed by Springsted Incorporated not later than 3:30 P.M., Central Time, on the next business day following the award. If such Deposit is not received by that time, the Financial Surety Bond may be drawn by the City to satisfy the Deposit requirement.The Deposit received from the purchaser, the amount of which will be deducted at settlement and no interest will accrue to the purchaser, will be deposited by the City. In the event the purchaser fails to comply with the accepted proposal, said amount will be retained by the City. No proposal can be withdrawn or amended after the time set for receiving proposals unless the meeting of the City scheduled for award of the Bonds is adjourned, recessed, or continued to another date without award of the Bonds having been made. Rates shall be in integral multiples of 5/100 or 1/8 of 1 %. Rates must be in level or ascending order. Bonds of the same maturity shall bear a single rate from the date of the Bonds to the date of maturity. No conditional proposals will be accepted. AWARD The Bonds will be awarded on the basis of the lowest interest rate to be determined on a true interest cost (TIC) basis. The City's computation of the interest rate of each proposal, in accordance with customary practice, will be controlling. The City will reserve the right to: (i) waive non - substantive informalities of any proposal or of matters relating to the receipt of proposals and award of the Bonds, (ii) reject all proposals without cause, and (iii) reject any proposal that the City determines to have failed to comply with the terms herein. BOND INSURANCE AT PURCHASER'S OPTION If the Bonds qualify for issuance of any policy of municipal bond insurance or commitment therefor at the option of the underwriter, the purchase of any such insurance policy or the issuance of any such commitment shall be at the sole option and expense of the purchaser of the Bonds. Any increased costs of issuance of the Bonds resulting from such purchase of insurance shall be paid by the purchaser, except that, if the City has requested and received a rating on the Bonds from a rating agency, the City will pay that rating fee. Any other rating agency fees shall be the responsibility of the purchaser. Failure of the municipal bond insurer to issue the policy after Bonds have been awarded to the purchaser shall not constitute cause for failure or refusal by the purchaser to accept delivery on the Bonds. CUSIP NUMBERS If the Bonds qualify for assignment of CUSIP numbers such numbers will be printed on the Bonds, but neither the failure to print such numbers on any Bond nor any error with respect thereto will constitute cause for failure or refusal by the purchaser to accept delivery of the Bonds. The CUSIP Service Bureau charge for the assignment of CUSIP identification numbers shall be paid by the purchaser. SETTLEMENT Within 40 days following the date of their award, the Bonds will be delivered without cost to the purchaser through DTC in New York, New York. Delivery will be subject to receipt by the purchaser of an approving legal opinion of Kennedy & Graven, Chartered of Minneapolis, Minnesota, and of customary dosing papers, including a no- litigation certificate. On the date of settlement, payment for the Bonds shall be made in federal, or equivalent, funds that shall be received at the offices of the City or its designee not later than 12:00 Noon, Central Time. Unless compliance with the terms of payment for the Bonds has been made impossible by action of the City, or its agents, the purchaser shall be liable to the City for any loss suffered by the City by reason of the purchaser's non - compliance with said terms for payment. CONTINUING DISCLOSURE In accordance with SEC Rule 15c2- 12(b)(5), the City will undertake, pursuant to the resolution awarding sale of the Bonds, to provide annual reports and notices of certain events. A description of this undertaking is set forth in the Official Statement. The purchaser's obligation to purchase the Bonds will be conditioned upon receiving evidence of this undertaking at or prior to delivery of the Bonds. OFFICIAL STATEMENT The City has authorized the preparation of an Official Statement containing pertinent information relative to the Bonds, and said Official Statement will serve as a nearly final Official Statement within the meaning of Rule 15c2 -12 of the Securities and Exchange Commission. For copies of the Official Statement or for any additional information prior to sale, any prospective purchaser is referred to the Financial Advisor to the City, Springsted Incorporated, 380 Jackson Street, Suite 300, Saint Paul, Minnesota 55101, telephone (651) 223 -3000. The Official Statement, when further supplemented by an addendum or addenda specifying the maturity dates, principal amounts and interest rates of the Bonds, together with any other information required by law, shall constitute a "Final Official Statement" of the City with respect to the Bonds, as that term is defined in Rule 15c2 -12. By awarding the Bonds to any underwriter or underwriting syndicate submitting a proposal therefor, the City agrees that, no more than seven business days after the date of such award, it shall provide without cost to the senior managing underwriter of the syndicate to which the Bonds are awarded 150 copies of the Official Statement and the addendum or addenda described above. The City designates the senior managing underwriter of the syndicate to which the Bonds are awarded as its agent for purposes of distributing copies of the Final Official Statement to each Participating Underwriter. Any underwriter delivering a proposal with respect to the Bonds agrees thereby that if its proposal is accepted by the City (i) it shall accept such designation and (ii) it shall enter into a contractual relationship with all Participating Underwriters of the Bonds for purposes of assuring the receipt by each such Participating Underwriter of the Final Official Statement. - iv - BY ORDER OF THE CITY COUNCIL /s/ Julie Bartell City Clerk THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS: TERMS OF PROPOSAL $1,745,000* CITY OF LINO LAKES, MINNESOTA GENERAL OBLIGATION WATER REVENUE REFUNDING BONDS, SERIES 2006F (BOOK ENTRY ONLY) Proposals for the Bonds will be received on Monday, October 23, 2006, until 10:30 A.M., Central Time, at the offices of Springsted Incorporated, 380 Jackson Street, Suite 300, Saint Paul, Minnesota, after which time they will be opened and tabulated. Consideration for award of the Bonds will be by the City Council at 6:30 P.M., Central Time, of the same day. SUBMISSION OF PROPOSALS Springsted will assume no liability for the inability of the bidder to reach Springsted prior to the time of sale specified above. All bidders are advised that each Proposal shall be deemed to constitute a contract between the bidder and the City to purchase the Bonds regardless of the manner in which the Proposal is submitted. (a) Sealed Bidding. Proposals may be submitted in a sealed envelope or by fax (651) 223 -3046 to Springsted. Signed Proposals, without final price or coupons, may be submitted to Springsted prior to the time of sale. The bidder shall be responsible for submitting to Springsted the final Proposal price and coupons, by telephone (651) 223 -3000 or fax (651) 223 -3046 for inclusion in the submitted Proposal. OR (b) Electronic Bidding. Notice is hereby given that electronic proposals will be received via PARITY®. For purposes of the electronic bidding process, the time as maintained by PARITY° shall constitute the official time with respect to all Bids submitted to PARITY°. Each bidder shall be solely responsible for making necessary arrangements to access PARITY® for purposes of submitting its electronic Bid in a timely manner and in compliance with the requirements of the Terms of Proposal. Neither the City, its agents nor PARITY® shall have any duty or obligation to undertake registration to bid for any prospective bidder or to provide or ensure electronic access to any qualified prospective bidder, and neither the City, its agents nor PARITY° shall be responsible for a bidder's failure to register to bid or for any failure in the proper operation of, or have any liability for any delays or interruptions of or any damages caused by the services of PARITY®. The City is using the services of PARITY° solely as a communication mechanism to conduct the electronic bidding for the Bonds, and PARITY® is not an agent of the City. If any provisions of this Terms of Proposal conflict with information provided by PARITY®, this Terms of Proposal shall control. Further information about PARITY®, including any fee charged, may be obtained from: PARITY°, 1359 Broadway, 2nd Floor, New York, New York 10018 Customer Support: (212) 849 -5000 DETAILS OF THE BONDS The Bonds will be dated November 1, 2006, as the date of original issue, and will bear interest payable on February 1 and August 1 of each year, commencing August 1, 2007. Interest will be computed on the basis of a 360 -day year of twelve 30 -day months. The Bonds will mature February 1 in the years and amounts as follows: 2008 $215,000 2009 $360,000 2010 $375,000 2011 $390,000 2012 $405,000 The City reserves the right, after proposals are opened and prior to award, to increase or reduce the principal amount of the Bonds offered for sale. Any such increase or reduction will be made in multiples of $5,000 in any of the maturities. In the event the principal amount of the Bonds is increased or reduced, any premium offered or any discount taken by the successful bidder will be increased or reduced by a percentage equal to the percentage by which the principal amount of the Bonds is increased or reduced. BOOK ENTRY SYSTEM The Bonds will be issued by means of a book entry system with no physical distribution of Bonds made to the public. The Bonds will be issued in fully registered form and one Bond, representing the aggregate principal amount of the Bonds maturing in each year, will be registered in the name of Cede & Co. as nominee of The Depository Trust Company ( "DTC "), New York, New York, which will act as securities depository of the Bonds. Individual purchases of the Bonds may be made in the principal amount of $5,000 or any multiple thereof of a single maturity through book entries made on the books and records of DTC and its participants. Principal and interest are payable by the registrar to DTC or its nominee as registered owner of the Bonds. Transfer of principal and interest payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest payments to beneficial owners by participants will be the responsibility of such participants and other nominees of beneficial owners. The purchaser, as a condition of delivery of the Bonds, will be required to deposit the Bonds with DTC. REGISTRAR The City will name the registrar, which shall be subject to applicable SEC regulations. The City will pay for the services of the registrar. OPTIONAL REDEMPTION The Bonds will not be subject to payment in advance of their respective stated maturity dates. SECURITY AND PURPOSE The Bonds will be general obligations of the City for which the City will pledge its full faith and credit and power to levy direct general ad valorem taxes. In addition, the City will pledge net revenues of its water utility. The proceeds will be used to refund the February 1, 2008 through February 1, 2012 maturities of the City's General Obligation Water Revenue Bonds, Series 1996B, dated October 1, 1996. TYPE OF PROPOSALS Proposals shall be for not less than $1,735,839 and accrued interest on the total principal amount of the Bonds. Proposals shall be accompanied by a Good Faith Deposit ( "Deposit ") in the form of a certified or cashier's check or a Financial Surety Bond in the amount of $17,450, payable to the order of the City. If a check is used, it must accompany the proposal. If a Financial Surety Bond is used, it must be from an insurance company licensed to issue such a - vi - bond in the State of Minnesota, and preapproved by the City. Such bond must be submitted to Springsted Incorporated prior to the opening of the proposals. The Financial Surety Bond must identify each underwriter whose Deposit is guaranteed by such Financial Surety Bond. If the Bonds are awarded to an underwriter using a Financial Surety Bond, then that purchaser is required to submit its Deposit to Springsted Incorporated in the form of a certified or cashier's check or wire transfer as instructed by Springsted Incorporated not later than 3:30 P.M., Central Time, on the next business day following the award. If such Deposit is not received by that time, the Financial Surety Bond may be drawn by the City to satisfy the Deposit requirement.The Deposit received from the purchaser, the amount of which will be deducted at settlement and no interest will accrue to the purchaser, will be deposited by the City. In the event the purchaser fails to comply with the accepted proposal, said amount will be retained by the City. No proposal can be withdrawn or amended after the time set for receiving proposals unless the meeting of the City scheduled for award of the Bonds is adjourned, recessed, or continued to another date without award of the Bonds having been made. Rates shall be in integral multiples of 5/100 or 1/8 of 1 %. Rates must be in level or ascending order. Bonds of the same maturity shall bear a single rate from the date of the Bonds to the date of maturity. No conditional proposals will be accepted. AWARD The Bonds will be awarded on the basis of the lowest interest rate to be determined on a true interest cost (TIC) basis. The City's computation of the interest rate of each proposal, in accordance with customary practice, will be controlling. The City will reserve the right to: (i) waive non - substantive informalities of any proposal or of matters relating to the receipt of proposals and award of the Bonds, (ii) reject all proposals without cause, and (iii) reject any proposal that the City determines to have failed to comply with the terms herein. BOND INSURANCE AT PURCHASER'S OPTION If the Bonds qualify for issuance of any policy of municipal bond insurance or commitment therefor at the option of the underwriter, the purchase of any such insurance policy or the issuance of any such commitment shall be at the sole option and expense of the purchaser of the Bonds. Any increased costs of issuance of the Bonds resulting from such purchase of insurance shall be paid by the purchaser, except that, if the City has requested and received a rating on the Bonds from a rating agency, the City will pay that rating fee. Any other rating agency fees shall be the responsibility of the purchaser. Failure of the municipal bond insurer to issue the policy after Bonds have been awarded to the purchaser shall not constitute cause for failure or refusal by the purchaser to accept delivery on the Bonds. CUSIP NUMBERS If the Bonds qualify for assignment of CUSIP numbers such numbers will be printed on the Bonds, but neither the failure to print such numbers on any Bond nor any error with respect thereto will constitute cause for failure or refusal by the purchaser to accept delivery of the Bonds. The CUSIP Service Bureau charge for the assignment of CUSIP identification numbers shall be paid by the purchaser. SETTLEMENT Within 40 days following the date of their award, the Bonds will be delivered without cost to the purchaser through DTC in New York, New York. Delivery will be subject to receipt by the purchaser of an approving legal opinion of Kennedy & Graven, Chartered of Minneapolis, Minnesota, and of customary closing papers, including a no- litigation certificate. On the date of settlement, payment for the Bonds shall be made in federal, or equivalent, funds that shall be received at the offices of the City or its designee not later than 12:00 Noon, Central Time. Unless compliance with the terms of payment for the Bonds has been made impossible by action of the City, or its agents, the purchaser shall be liable to the City for any loss suffered by the City by reason of the purchaser's non - compliance with said terms for payment. CONTINUING DISCLOSURE In accordance with SEC Rule 15c2- 12(b)(5), the City will undertake, pursuant to the resolution awarding sale of the Bonds, to provide annual reports and notices of certain events. A description of this undertaking is set forth in the Official Statement. The purchaser's obligation to purchase the Bonds will be conditioned upon receiving evidence of this undertaking at or prior to delivery of the Bonds. OFFICIAL STATEMENT The City has authorized the preparation of an Official Statement containing pertinent information relative to the Bonds, and said Official Statement will serve as a nearly final Official Statement within the meaning of Rule 15c2 -12 of the Securities and Exchange Commission. For copies of the Official Statement or for any additional information prior to sale, any prospective purchaser is referred to the Financial Advisor to the City, Springsted Incorporated, 380 Jackson Street, Suite 300, Saint Paul, Minnesota 55101, telephone (651) 223 -3000. The Official Statement, when further supplemented by an addendum or addenda specifying the maturity dates, principal amounts and interest rates of the Bonds, together with any other information required by law, shall constitute a "Final Official Statement" of the City with respect to the Bonds, as that term is defined in Rule 15c2 -12. By awarding the Bonds to any underwriter or underwriting syndicate submitting a proposal therefor, the City agrees that, no more than seven business days after the date of such award, it shall provide without cost to the senior managing underwriter of the syndicate to which the Bonds are awarded 75 copies of the Official Statement and the addendum or addenda described above. The City designates the senior managing underwriter of the syndicate to which the Bonds are awarded as its agent for purposes of distributing copies of the Final Official Statement to each Participating Underwriter. Any underwriter delivering a proposal with respect to the Bonds agrees thereby that if its proposal is accepted by the City (i) it shall accept such designation and (ii) it shall enter into a contractual relationship with all Participating Underwriters of the Bonds for purposes of assuring the receipt by each such Participating Underwriter of the Final Official Statement. Dated September 25, 2006 BY ORDER OF THE CITY COUNCIL /s/ Julie Bartell City Clerk OFFICIAL STATEMENT CITY OF LINO LAKES, MINNESOTA $3,025,000* GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN REFUNDING BONDS, SERIES 2006E $1,745,000* GENERAL OBLIGATION WATER REVENUE REFUNDING BONDS, SERIES 2006F (BOOK ENTRY ONLY) INTRODUCTORY STATEMENT This Official Statement contains certain information relating to the City of Lino Lakes, Minnesota (the "City" or the "Issuer ") and its issuance of $3,025,000* General Obligation Capital Improvement Plan Refunding Bonds, Series 2006E (the "Series 2006E Bonds ") and $1,745,000* General Obligation Water Revenue Refunding Bonds, Series 2006F (the "Series 2006F Bonds "), collectively referred to as the "Bonds," the "Obligations," or the "Issues." The Bonds are general obligations of the City for which the City pledges its full faith and credit and power to levy direct general ad valorem taxes. Additional security for the Bonds is discussed herein. Inquiries may be directed to Mr. Alan Rolek, Finance Director, City of Lino Lakes, 600 Town Center Parkway, Lino Lakes, Minnesota 55014 -1182, or by telephoning (651) 982 -2400. Inquiries may also be made to Springsted Incorporated, 380 Jackson Street, Suite 300, St. Paul, Minnesota 55101 -2887, or by telephoning (651) 223 -3000. CONTINUING DISCLOSURE In order to assist the Underwriters in complying with SEC Rule 15c2 -12 promulgated by the Securities and Exchange Commission, pursuant to the Securities Exchange Act of 1934, as the same may be amended from time to time, and official interpretations thereof (the "Rule "), pursuant to the Award Resolutions, the City has entered into an undertaking (the "Undertaking ") for the benefit of holders including beneficial owners of the Bonds to provide certain financial information and operating data relating to the City to certain information repositories annually, and to provide notices of the occurrence of certain events enumerated in the Rule to certain information repositories or the Municipal Securities Rulemaking Board and to any state information depository. The specific nature of the Undertaking, as well as the information to be contained in the annual report or the notices of material events is set forth in the Continuing Disclosure Certificate to be executed and delivered by the City at the time the Bonds are delivered in substantially the form attached hereto as Appendix II, The City reserves the right, after proposals are opened and prior to award, to increase or reduce the principal amounts of the Bonds offered for sale. Any such increase or reduction will be made in multiples of $5,000 in any of the maturities. In the event the principal amounts of the Bonds are increased or reduced, any premium offered or any discount taken by the successful bidder will be increased or reduced by a percentage equal to the percentage by which the principal amounts of the Bonds are increased or reduced. -1- The City has never failed to comply in all material respects with any previous undertakings under the Rule to provide annual reports or notices of material events. A failure by the City to comply with the Undertaking will not constitute an event of default on the Bonds (although holders will have any available remedy at law or in equity). Nevertheless, such a failure must be reported in accordance with the Rule and must be considered by any broker, dealer or municipal securities dealer before recommending the purchase or sale of the Bonds in the secondary market. Consequently, such a failure may adversely affect the transferability and liquidity of the Bonds and their market price. THE BONDS General Description The Bonds are dated November 1, 2006 and will mature annually each February 1, as set forth on the inside front cover of this Official Statement. The Bonds are being issued in book entry form. Interest on the Bonds will be payable semi- annually each February 1 and August 1, commencing February 1, 2007 for the Series 2006E Bonds and August 1, 2007 for the Series 2006F Bonds. Interest will be payable to the holder (initially Cede & Co.) registered on the books of the Registrar as of the fifteenth day of the calendar month next preceding such interest payment date. Principal of and interest on the Bonds will be paid as described in the section "Book Entry System." U.S. Bank National Association, Saint Paul, Minnesota, will serve as Registrar for the Bonds and the City will pay for registration services. Optional Redemption The City may elect on February 1, 2016, and on any day thereafter, to prepay the Series 2006E Bonds due on or after February 1, 2017. Redemption may be in whole or in part and if in part at the option of the City and in such manner as the City shall determine. If less than all of the Series 2006E Bonds of a maturity are called for redemption, the City will notify DTC of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. All prepayments shall be at a price of par plus accrued interest. The Series 2006F Bonds will not be subject to payment in advance of their respected stated maturity dates. Book Entry System The Depository Trust Company ( "DTC "), New York, New York, will act as securities depository for the Obligations. The Obligations will be issued as fully registered securities registered in the name of Cede & Co. (DTC's partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully registered certificate will be issued for each maturity of each series of the Obligations, in the aggregate principal amount of such maturity, and will be deposited with DTC. DTC is a limited - purpose trust company organized under the New York Banking Law, a "banking organization" within the meaning of the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code, and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds securities that its participants ( "Direct Participants ") deposit with DTC. DTC also facilitates the post -sale settlement among Direct Participants of sales and other securities transactions in deposited securities through electronic -2- computerized book -entry transfers and pledges between Direct Participants' accounts, thereby eliminating the need for physical movement of securities certificates. Direct Participants ( "Direct Participants ") include securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly -owned subsidiary of The Depository Trust and Clearing Corporation ( "DTCC "). DTCC, in turn, is owned by a number of Direct Participants of DTC and members of the National Securities Clearing Corporation, Fixed Income Clearing Corporation, and Emerging Markets Clearing Corporation (NSCC, FICC, and EMCC, also subsidiaries of DTCC), as well as by the New York Stock Exchange, Inc., the American Stock Exchange LLC, and the National Association of Securities Dealers, Inc. Access to the DTC system is also available to others such as securities brokers and dealers, banks, trust companies and clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly ( "Indirect Participants "). The Rules applicable to DTC and its Direct and Indirect Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com and www.dtc.orq. Purchases of Obligations under the DTC system must be made by or through Direct Participants, which will receive a credit for the Obligations on DTC's records. The ownership interest of each actual purchaser of each Obligation ( "Beneficial Owner ") is in turn to be recorded on the Direct and Indirect Participants' records. Beneficial Owners will not receive written confirmation from DTC of their purchase, but Beneficial Owners are expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the Obligations are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in the Obligations, except in the event that use of the book -entry system for the Obligations is discontinued. To facilitate subsequent transfers, all Obligations deposited by Direct Participants with DTC are registered in the name of DTC's partnership nominee, Cede & Co. or such other name as requested by an authorized representative of DTC. The deposit of Obligations with DTC and their registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Obligations; DTC's records reflect only the identity of the Direct Participants to whose accounts such Obligations are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers. Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time. Beneficial Owners of the Obligations may wish to take certain steps to augment transmission to them of notices of significant events with respect to the Obligations, such as redemptions, tenders, defaults, and proposed amendments to the security documents. Beneficial Owners of the Obligations may wish to ascertain that the nominee holding the Obligations for their benefit has agreed to obtain and transmit notices to Beneficial Owners, or in the alternative, Beneficial Owners may wish to provide their names and addresses to the Registrar and request that copies of the notices be provided directly to them. Redemption notices shall be sent to DTC. If less than all of the Series 2006E Bonds within a maturity are being redeemed, DTC's practice is to determine by lot the amount of the interest of each Direct Participant in such maturity to be redeemed. Neither DTC nor Cede & Co. (nor such other DTC nominee) will consent or vote with respect to the Obligations unless authorized by a Direct Participant in accordance with DTC's procedures. -3- Under its usual procedures, DTC mails an Omnibus Proxy to the Issuer or Registrar as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.'s consenting or voting rights to those Direct Participants to whose accounts the Obligations are credited on the record date (identified in a listing attached to the Omnibus Proxy). Principal and interest payments on the Obligations will be made to Cede & Co. or such other nominee as may be requested by an authorized representative of DTC. DTC's practice is to credit Direct Participants' accounts, upon DTC's receipt of funds and corresponding detail information from Issuer or Agent on the payable date in accordance with their respective holdings shown on DTC's records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in "street name," and will be the responsibility of such Participant and not of DTC (nor its nominee), the Registrar, or the Issuer, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of principal and interest to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the Registrar, Issuer, or Agent disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants. A Beneficial Owner shall give notice to elect to have its Obligations purchased or redeemed, through its Direct Participant, to the nominee holding the Obligations, and shall effect delivery of such Obligations by causing the Direct Participant to transfer the Direct Participant's interest in the Obligations, on DTC's records, to the nominee holding the Obligations. The requirement for physical delivery of the Obligations in connection with a purchase or redemption will be deemed satisfied when the ownership rights in the Obligations are transferred by the Direct Participants on DTC's records and followed by a book -entry credit of purchased or redeemed Obligations to the nominee holding the Obligations. DTC may discontinue providing its services as securities depository with respect to the Obligations at any time by giving reasonable notice to the Registrar. Under such circumstances, in the event that a successor securities depository is not obtained, certificates are required to be printed and delivered. The Issuer may decide to discontinue use of the system of book -entry transfers through DTC (or a successor securities depository). In that event, certificates will be printed and delivered. The information in this section concerning DTC and DTC's book -entry system has been obtained from sources that the Issuer believes to be reliable, but the Issuer takes no responsibility for the accuracy thereof. THE SERIES 2006E BONDS Authority and Purpose The Series 2006E Bonds are being issued pursuant to Minnesota Statutes, Chapter 475. Proceeds of the Series 2006E Bonds will be used to refund in advance of maturity a portion of the February 1, 2011 maturity and the February 1, 2013 through February 1, 2019 maturities (the "Series 1998A Refunded Maturities ") of the Lino Lakes Economic Development Authority's $5,350,000 Lease Revenue Bonds, Series 1998A, (City of Lino Lakes, Minnesota Lease Obligation) dated August 1, 1998 (the "Series 1998A Bonds "). The refunding is being conducted to achieve interest cost savings. Under Minnesota Statutes, Section 475.53, the maximum calendar year debt service on all outstanding capital improvement plan bonds, including these Series 2006E Bonds, cannot exceed an amount equal to 0.16% of the taxable market value of the property within the City. The City has no other capital improvement plan bonds outstanding and this issue is within the statutory limit. The Series 2006E Bonds constitute a "current" refunding since the Series 1998A Refunded Maturities will be called within 90 days of settlement of the Series 2006E Bonds. The Series 1998A Refunded Maturities will be called and prepaid on the call date of December 1, 2006 at a price of par plus accrued interest. The Series 1998A Refunded Maturities and the Series 1996B Refunded Maturities (as defined below) are collectively referred to as the "Refunded Maturities." Security and Financing The Series 2006E Bonds are general obligations of the City for which the City pledges its full faith and credit and power to levy direct general ad valorem taxes. The City is expected to make its first levy for the Series 2006E Bonds in 2006 for first collection in 2007. Available City funds will be used to make the February 1, 2007 interest payment. Thereafter, each year's levy will be in an amount sufficient to pay 105% of the interest coming due August 1 in the year of collection, and the principal and interest coming due February 1 of the following year. THE SERIES 2006F BONDS Authority and Purpose The Series 2006F Bonds are being issued pursuant to Minnesota Statutes, Chapters 444 and 475. Proceeds of the Series 2006F Bonds will be used to refund in advance of maturity the February 1, 2007 through February 1, 2012 maturities (the "Series 1996B Refunded Maturities ") of the City's $3,320,000 General Obligation Water Revenue Bonds, Series 1996B, dated October 1, 1996 (the "Series 1996B Bonds "). The refunding is being conducted to achieve interest cost savings. The Series 2006F Bonds constitute a "current" refunding since the Series 1996B Refunded Maturities will be called within 90 days of settlement of the Series 2006F Bonds. The Series 1996B Refunded Maturities will be called and prepaid on the call date of February 1, 2007 at a price of par plus accrued interest. Security and Financing The Series 2006F Bonds will be general obligations of the City for which the City will pledge its full faith and credit and power to levy direct general ad valorem taxes. In addition, the City will pledge net revenues of its water utility. Pursuant to Minnesota Statutes, Chapter 444, and the resolution awarding the sale of the Series 2006F Bonds, the City will covenant to maintain rates in an amount sufficient to support the operation of the water utility and to pay debt service on the Series 2006F Bonds. The City is required to annually review its budget of the funds to determine whether current rates and charges are sufficient and to adjust such rates and charges as necessary. 5 Each year's net revenues will be in an amount sufficient to pay 105% of the interest coming due August 1 in the year of collection, and the principal and interest coming due February 1 of the following year. FUTURE FINANCING The City does not anticipate any additional borrowing for at least the next 90 days. LITIGATION The City is not aware of any threatened or pending litigation affecting the validity of the Bonds or the City's ability to meet its financial obligations. LEGALITY The Bonds are subject to approval as to certain matters by Kennedy & Graven, Chartered, of Minneapolis, Minnesota as Bond Counsel for the City. Bond Counsel has not participated in the preparation of this Official Statement, except for the following "Tax Exemption" section, and will not pass upon its accuracy, completeness, or sufficiency. Bond Counsel has neither examined nor attempted to examine or verify any of the financial or statistical statements, or data contained in this Official Statement, and will express no opinion with respect thereto. Legal opinions in substantially the forms set out as Appendix I to this Official Statement will be delivered at closing. TAX EXEMPTION In the opinion of Bond Counsel, under existing statutes, regulations, rulings and decisions, interest on the Bonds is not includable in the "gross income" of the owners thereof for purposes of federal income taxation and is not includable in taxable net income of individuals, estates or trusts for purposes of State of Minnesota income taxation, but is subject to State of Minnesota franchise taxes measured by income that are imposed upon corporations and financial institutions. Noncompliance following the issuance of the Bonds with certain requirements of the Internal Revenue Code of 1986, as amended, (the "Code ") and covenants of the Bond resolutions may result in the inclusion of interest on the Bonds in gross income (for federal tax purposes) and taxable net income for State of Minnesota tax purposes of the owners thereof. No provision has been made for redemption of the Bonds, or for an increase in the interest rate on the Bonds, in the event that interest on the Bonds becomes subject to United States or State of Minnesota income taxation. The Code imposes an alternative minimum tax with respect to individuals and corporations on alternative minimum taxable income. Interest on the Bonds will not be treated as a preference item in calculating alternative minimum taxable income. The Code provides, however, that a portion of the adjusted current earnings of a corporation not otherwise included in the minimum - 6 - tax base would be included for purposes of calculating the alternative minimum tax that may be imposed with respect to corporations. Adjusted current earnings include income received that is otherwise exempt from taxation such as interest on the Bonds. The Code provides that in the case of an insurance company subject to the tax imposed by Section 831 of the Code, the amount which otherwise would be taken into account as "losses incurred" under Section 832(b)(5) shall be reduced by an amount equal to 15% of the interest on the Bonds that is received or accrued during the taxable year. Interest on the Bonds may be included in the income of a foreign corporation for purposes of the branch profits tax imposed by Section 884 of the Code. Under certain circumstances, interest on the Bonds may be subject to the tax on "excess net passive income" of S corporations imposed by Section 1375 of the Code. The above is not a comprehensive list of all Federal tax consequences which may arise from the receipt of interest on the Bonds. The receipt of interest on the Bonds may otherwise affect the Federal or State income tax liability of the recipient based on the particular taxes to which the recipient is subject and the particular tax status of other items or deductions. Bond Counsel expresses no opinion regarding any such consequences. All prospective purchasers of the Bonds are advised to consult their own tax advisors as to the tax consequences of, or tax considerations for, purchasing or holding the Bonds. BANK - QUALIFIED TAX- EXEMPT OBLIGATIONS — THE SERIES 2006F BONDS The City will designate the Series 2006F Bonds as "qualified tax - exempt obligations" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended, relating to the ability of financial institutions to deduct from income for federal income tax purposes, interest expense that is allocable to carrying and acquiring tax - exempt obligations. NOT BANK - QUALIFIED TAX- EXEMPT OBLIGATIONS — THE SERIES 2006E BONDS The City will not designate the Series 2006E Bonds as "qualified tax - exempt obligations" for the purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. RATINGS Applications for ratings of the Bonds have been made to Moody's Investors Service ( "Moody's "), 99 Church Street, New York, New York. If ratings are assigned, they will reflect only the opinion of Moody's. Any explanation of the significance of the ratings may be obtained only from Moody's. There is no assurance that ratings, if assigned, will continue for any given period of time, or that such ratings will not be revised or withdrawn, if in the judgment of Moody's, circumstances so warrant. A revision or withdrawal of the ratings may have an adverse effect on the market price of the Bonds. 7 FINANCIAL ADVISOR The City has retained Springsted Incorporated, Public Sector Advisors, of St. Paul, Minnesota, as financial advisor (the "Financial Advisor ") in connection with the issuance of the Bonds. In preparing the Official Statement, the Financial Advisor has relied upon governmental officials, and other sources, who have access to relevant data to provide accurate information for the Official Statement, and the Financial Advisor has not been engaged, nor has it undertaken, to independently verify the accuracy of such information. The Financial Advisor is not a public accounting firm and has not been engaged by the City to compile, review, examine or audit any information in the Official Statement in accordance with accounting standards. The Financial Advisor is an independent advisory firm and is not engaged in the business of underwriting, trading or distributing municipal securities or other public securities and therefore will not participate in the underwriting of the Bonds. CERTIFICATION The City has authorized the distribution of this Official Statement for use in connection with the initial sale of the Bonds. As of the date of the settlement of the Bonds, the Purchaser(s) will be furnished with a certificate signed by the appropriate officers of the City. The certificate will state that as of the date of the Official Statement, the Official Statement did not and does not as of the date of the certificate contain any untrue statement of material fact or omit to state a material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. (The Balance of This Page Has Been Intentionally Left Blank) 8 CITY PROPERTY VALUES 2005 Indicated Market Value of Taxable Property: $1,986,858,124* Calculated by dividing the City's 2005 taxable market value of $1,736,514,000 by the 2005 sales ratio of 87.4% for the City as determined by the State Department of Revenue. Includes mobile home valuation of $2,196,200. 2005 Taxable Net Tax Capacity: $19,255,688 2005 Net Tax Capacity Less: Captured Tax Increment Tax Capacity Contribution to Fiscal Disparities Plus: Distribution from Fiscal Disparities Mobile Homes 2005 Taxable Net Tax Capacity 2005 Taxable Net Tax Capacity by Class of Property Real Estate: Residential Homestead Commercial /Industrial and Public Utility* Residential Non - Homestead Agricultural and Residential Seasonal /Recreational Mobile Homes Personal Property Total $14,804,818 3,136,442 724,052 296,749 21,962 271,665 $19,255,688 $18,837,867 (391,010) (1,010,480) 1,797,349 21,962 $19,255,688 Reflects adjustments for fiscal disparities and captured tax increment tax capacity. Trend of Values 2005 2004 2003 2002 2001 Indicated Market Value(a) $1,986,858,124 1,878,743,819 1,635,386,691 1,409,349,451 1,143,508,776 76.9% 16.3 3.8 1.5 0.1 1.4 100.0% Taxable Taxable Net Market Value Tax Capacity(b) $1,736,514,000 1,534,933,700 1,339,381,700 1,154,257,200 990,278,600 Calculated by dividing the City's taxable market value by the aggregate City each year by the State Department of Revenue. See Appendix 111 for an explanation of taxable net tax capacity and system. 9 $19,255,688 17,213,837 15,276,466 12,688,859 10,913,995 sales ratio computed for the the Minnesota property tax Ten of the Largest Taxpayers Taxpayer Target Corporation Lino Lakes Realty LLC Kohl's Department Store Xcel Energy Molin Concrete Products Taylor Corporation Gargaro Properties LLC Marmon /Keystone Corporation Lino Lakes Business Center F &G Incorporated Total Type of Property Retail Commercial /Industrial Retail Utility Commercial /Industrial Commercial /Industrial Commercial /Industrial Commercial /Industrial Commercial /Industrial Commercial /Industrial Represents 7.0% of the City's 2005 taxable net tax capacity. CITY INDEBTEDNESS Legal Debt Limit Legal Debt Limit (2% of Taxable Market Value) Less: Outstanding Debt Subject to Limit (Including the Series 2006E Bonds) Legal Debt Margin as of August 31, 2006 General Obligation Debt Supported by Taxes* Date Original of Issue Amount 2 -1 -03 3 -31 -03 2 -1 -04 11 -1 -06 Total $ 130,000 200,000 274,000 3,025,000 Purpose Equipment Certificates Equipment Certificates Equipment Certificates CIP Refunding (the Series 2006E Bonds) These issues are subject to the statutory debt limit. 2005 Net Tax Capacity $ 263,094 240,710 162,956 133,655 112,313 110,926 85,878 80,960 78,802 76,746 $1,346,040* $34,730,280 (4,208,000) $30,522,280 Final Maturity 12 -31 -2006 12 -31 -2006 12 -31 -2007 02 -01 -2018 Principal Outstanding As of 8 -31 -06 $ 40,000 85,000 193,000 3,025,000 $3,343,000 General Obligation Debt Supported Primarily by Special Assessments Date Original of Issue Amount 7 -1 -02 7 -1 -02 12 -1 -03 12 -1 -03 11 -15 -04 11 -1 -05 11 -1 -05 Total $ 645,000 2,110,000 250,000 2,090,000 620,000 5,550,000 3,755,000 Purpose Improvements Taxable Improvements Taxable Improvements Improvement and Refunding Bonds Improvements Taxable Improvements Improvement Refunding General Obligation Debt Supported by Tax Abatements Date Original of Issue 8 -15 -06 Amount Purpose $2,460,000 Tax Abatement General Obligation Debt Supported by Revenues Date Original of Issue Amount 10 -1 -96 9 -1 -99 11 -15 -04 8 -15 -06 11 -01 -06 Total $3,320,000 680,000 710,000 570,000 1,745,000 Purpose Water System Improvements Water Revenue Refunding Water Revenue Water and Sewer Revenue Water Revenue Refunding (the Series 2006F Bonds) Excludes the Series 19968 Refunded Maturities. Installment Contract and Lease Obligations Date Original of Issue Amount 8 -1 -98 $5,350,000 9 -1 -99 980,000 Total Purpose Municipal Complex Lease Public Project Revenue Refunding Principal Final Outstanding Maturity As of 8 -31 -06 2 -1 -2013 $ 355,000 2 -1 -2013 1,580,000 2 -1 -2014 210,000 2 -1 -2019 1,210,000 2 -1 -2020 590,000 2 -1 -2021 5,550,000 2 -1 -2015 3,755,000 $13,250,000 Principal Final Outstanding Maturity As of 8 -31 -06 2 -1 -2023 $2,460,000 Final Maturity 2 -1 -2007 2 -1 -2008 2 -1 -2020 2 -1 -2017 2 -1 -2012 Principal Outstanding As of 8 -31 -06 $ 200,000* 220,000 675,000 570,000 1,745,000 $3,410,000 Principal Final Outstanding Maturity As of 8 -31 -06 2 -1 -2010 $ 865,000(a) 2 -1 -2010 385,000(b) $1,250,000 (a) This issue is subject to the statutory debt limit. A portion of this issue is being refunded by the Series 2006E Bonds. Excludes the Series 1998A Refunded Maturities. (b) This issue is not subject to annual appropriation and is not subject to the statutory debt limit. Annual Calendar Year Debt Service Payments Including These Issues and Excluding Refunded Maturities G.O. Debt Supported by Taxes Year Principal 2006 (at 8 -31) $ 220,000 2007 98,000 2008 -0- 2009 -0- 2010 85,000 2011 320,000 2012 330,000 2013 350,000 2014 355,000 2015 370,000 2016 385,000 2017 405,000 2018 425,000 2019 2020 2021 Total Principal & Interest(a) $ 233,520.00 189,666.27 116,995.00 116,995.00 200,443.75 427, 972.50 425,947.50 433,280.00 424,883.75 425,835.00 426,016.25 430,312.50 433,606.25 $3,343,000(b) $4,285,473.77 G.O. Debt Supported by Tax Abatements Year Principal 2006 (at 8 -31) (Paid) 2007 -0- $ 2008 -0- 2009 -0- 2010 -0- 2011 $ 30,000 2012 85,000 2013 125,000 2014 140,000 2015 155,000 2016 170,000 2017 190,000 2018 205,000 2019 225,000 2020 250,000 2021 270,000 2022 295,000 2023 320,000 Principal & Interest (Paid) 99,398.11 103,420.00 103,420.00 103,420.00 132,820.00 185, 520.00 221,320.00 231, 020.00 240,042.50 248,380.00 260,857.50 267,463.75 278,326.25 293,232.50 302,182.50 315,102.50 326,880.00 Total $2,460,000(d) $3,712,805.61 (a) (b) (c) (d) (e) (fl G.O. Debt Supported Primarily by Special Assessments Principal (Paid) $ 1,375,000 1,115,000 1,060,000 1,085,000 1,125,000 1,160,000 1,195,000 925,000 910,000 515,000 540,000 570,000 600,000 550,000 525,000 $13,250,000(C) Principal & Interest (Paid) $ 1,946,568.76 1,640,548.76 1,540,532.51 1,518,968.76 1,510,351.26 1,494,681.26 1,474,165.01 1,152,001.26 1,092,318.76 662,818.76 662,593.76 665,950.01 667,750.01 589,759.38 538,125.00 $17,157,133.26 G.O. Debt Supported by Revenues Principal (Paid) $ 345,000 420,000 450,000 465,000 485,000 505,000 105,000 110,000 110,000 115,000 125,000 55,000 60,000 60,000 Principal & Interest(e) (Paid) $ 452,094.54 527,463.75 541,150.00 539,606.25 542,230.00 543,982.50 132,660.00 133,542.50 129,182.50 129,603.75 134,702.50 61,050.00 63,712.50 61,237.50 $3,410,0000 $3,992,218.29 Includes the Series 2006E Bonds at an assumed average annual interest rate of 3.90 %. 63.7% of this debt will be retired within ten years. 79.0% of this debt will be retired within ten years. 28.6% of this debt will be retired within ten years. Includes the Series 2006F Bonds at an assumed average annual interest rate of 3.65% and excludes the Series 19968 Refunded Maturities. 91.2% of this debt will be retired within ten years. -12 Annual Calendar Year Debt Service Payments Including These Issues and Excluding Refunded Maturities (continued) Year 2006 (at 8 -31) 2007 2008 2009 2010 Total Installment Contract and Lease Obligations Principal (Paid) $ 330,000 350,000 365,000 205.000 $1,250,000 Excludes the Series 1998A Refunded Maturities. Indirect Debt Taxing Unit(a) Anoka County ISD 12 (Centennial) ISD 624 (White Bear Lake) ISD 831 (Forest Lake) Northeast Metropolitan Intermediate District Metropolitan Council Metropolitan Transit District Total (a) (b) 2005 Taxable Net Tax Capacity $ 296,151,005 26,341,846 67,192,069 47, 772, 049 578,369,277 3,001,556,502 2,571,034,905 Principal & Interest* (Paid) $ 383,170.00 386,977.50 384,465.00 210,170.00 $1,364,782.50 G.O. Debt As of 8- 31 -06(b) $ 86,715,000(C) 79,310,000 72,415,000(d) 38,685,000 1,055,000 27,435,000(e) 147,435,000 Debt Applicable to Tax Capacity in City Percent Amount 6.5% 49.3 3.7 7.8 2.7 0.6 0.7 $ 5,636,475 39,099,830 2,679,355 3,017,430 28,485 164,610 1,032,045 $51,658,230 Only those taxing units with general obligation debt outstanding are included here. Excludes general obligation debt supported by revenues and annual allotments of state -aid and revenue debt, but includes long -term lease obligations. Includes $3,785,000 of various public project revenue refunding bonds issued by the City of Blaine Economic Development Authority, all of which are payable solely by the County pursuant to a lease agreement between the County and the various public entities. Includes $16,500,000 General Obligation Alternative Facilities Bonds, Series 2006A, dated October 18, 2006. Excludes general obligation debt supported by sanitary sewer revenues, 911 user fees, and housing rental payments. Includes Certificates of Participation. Debt Ratios To 2005 Indicated Market Value ($1,986,858,124) Per Capita (19,698 -2005 Metropolitan Council estimate) G.O. Net Direct Debt* G.O. Indirect & Net Direct Debt* 1.02% 3.62% $1,031 $3,653 Excludes general obligation debt supported by revenues and includes installment contract and lease obligations. - 13 - CITY TAX RATES, LEVIES AND COLLECTIONS Tax Capacity Rates For a City Resident in Independent School District No. 12 2005/06 For 2001/02 2002/03 2003/04 2004/05 Total Debt Only Anoka County(a) 37.976% 38.469% 35.765% 33.581% 32.543% 3.899% City of Lino Lakes 53.084 47.603 42.287 42.223 41.398 4.804 School Districts(b) 37.828 37.467 36.649 37.486 40.253 31.773 Special Districts(c) 5.913 6.295 5.829 6.195 6.032 1.809 Total (a) (b) (c) 134.801% 129.834% 120.530% 119.485% 120.226% 42.285% Includes Anoka County Library and County /City Radio. School districts include Independent School District No. 12 (Centennial) and Northeast Metropolitan Intermediate District No. 916. Independent School District No. 12 (Centennial) also has a 2005/06 tax rate of 0.15810% spread on the market value of property in support of an excess operating levy. Special districts include Metropolitan Council, Metropolitan Transit District, Metropolitan Mosquito Control, Rice Creek Watershed, and Anoka County Railroad Authority. NOTE: Taxes are determined by multiplying the net tax capacity by the tax capacity rate expressed as a percentage. (See Appendix Ill.) Tax Levies and Collections Levy /Collect 2005/06 2004/05 2003/04 2002/03 2001/02 Collected During Collected Net Collection Year As of 12 -31 -05 Levy* Amount Percent Amount Percent $7,694,442 6,954,239 6,200,404 5,735,745 5,471,180 $6,867,803 6,139,224 5,658,922 5,413,025 (In Process of Collection) 98.8% $6,867,803 99.0 6,176,758 98.7 5,729,636 98.9 5,467,959 98.8% 99.6 99.9 99.9 The net levy excludes state aid for property tax relief and fiscal disparities, if applicable. The net levy is the basis for computing tax capacity rates. See Appendix Ill. FUNDS ON HAND As of August 31, 2006 Fund Cash and Investments General Fund $ 4,390,594 Special Revenue 120,947 Capital Projects 7,395,264 Enterprise Funds 5,482,530 Debt Service Fund 2,707,049 Agency Funds 1,845,591 Total $21,941,975 CITY INVESTMENTS As of August 31, 2006, the City had a total of $21,941,975, invested in the following manner: Percent of Portfolio Checking /CDs /money market $ 11,287,390 51.44% U.S. treasuries and agencies 8,456,979 38.54 Government mutual funds 1,465,606 6.68 Bonds 732,000 3.34 Total $21,941,975 100.0% In October 1997, the City adopted an investment policy that is in accordance with Minnesota Statutes 118A. Some highlights of the City's investment policy are as follows: 1. The primary objective is the safety of the principal. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. The objective will be to mitigate credit risks and interest rate risk. a. Investments will be limited to those investments specified in Minnesota Statutes 118A. b. Annually appointing the financial institutions, brokers /dealers, intermediaries and advisors. c. Diversifying the investment portfolio so that potential losses on individual securities will be minimized. d. Investing funds in primarily shorter -term securities. 2. The secondary objective is to have the portfolio remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated. 3. The third objective is to attain a market rate of return through budgetary and economic cycles, taking into account the investment risk constraints and liquidity needs. 4. The Finance Director and his /her appointed employees in case of unavailability are authorized to manage the investment program. A system of internal controls shall be - 15 - followed and shall be designed to prevent losses from theft or misuse to provide reasonable assurance that the objectives are met. 5. The Finance Director will prepare an investment report monthly for the City Administrator. 6. All City Funds must be invested with financial institutions authorized to provide investment services per statute 118A.06, with representatives who are licensed and with institutions which have a minimum capital requirement of $5 million and at least five years of operation. GENERAL INFORMATION CONCERNING THE CITY Lino Lakes is located in southeast Anoka County, approximately 20 miles north of St. Paul. The City is part of the Minneapolis /St. Paul Metropolitan Area and covers an area of approximately 33 square miles (21,120 acres). Two major Twin Cities freeways, I -35E and I -35W, and Minnesota Highway 49 traverse the community. The following table shows the City's recent population increases: 2005 (Metropolitan Council Estimate) 2000 (U.S. Census) 1990 (U.S. Census) 1980 (U.S. Census) 1970 (U.S. Census) Employment Major employers in the City include the following: Employer State of Minnesota Target Corporation AdGraphics Synovis Interventional Systems Summit Fire Protection Molin Concrete Products Co. Anoka County Juvenile Center Nol -Tec Systems, Inc. Custom Manufacturing & Engineering Population 19,698 16,791 8,807 4,966 3,692 Product/Service Increase 17.3% 90.7 77.3 34.5 Medium security prison Retail Prom /party supplies Surgical and medical instruments Installing building equipment Concrete products Juvenile and adult detention center Pneumatic conveyors Precision plastics Approximate Number of Employees 450 230 200 180 175 163 150 65 50 NOTE: Rehbein Transit Inc., previously a major employer, was sold and its assets liquidated. Three employees remain. Source: Telephone survey of individual employers, June 2006. Labor Force Data Anoka County Mpls. /St. Paul MSA State of Minnesota August 2006 August 2005 Civilian Unemployment Civilian Unemployment Labor Force Rate Labor Force Rate 194,280 1,864,130 2,970,184 3.2% 3.3 3.3 193,537 1,855,405 2,962,174 3.3% 3.4 3.4 Source: Minnesota Department of Employment and Economic Development. 2006 data are preliminary. Summary of Building Permits Total Permits New Single Family Homes Number Value Number Value 2006 (to 8 -31) 501 $29,488,349 80 $ 14,011,420 2005 837 53,656,592 196 37,604,938 2004 835 61,579,910 190 39,006,745 2003 826 55,864,076 112 25,687,000 2002 860 53,977,610 218 39,425,255 2001 1,042 74,974,042 210 39,695,169 2000 1,186 57,080,794 240 42,117,164 1999 893 54,522,159 243 34,337,713 1 998 947 49,033,711 229 31,635,569 1997 597 32,666,843 197 24,232,078 The economic development effort established in 1993 by the City Council has begun to have an impact in the diversity of the City's tax base. Since 1993, the City has added more than $90 million in additional commercial /industrial market value. The Apollo Business Park on I -35W and the Clearwater Creek Development Center on I -35E continue to attract industrial development. The 265,000- square -foot Panattoni distribution center, in the southwest quadrant of the Town Center area, was completed in spring 2004. Commercial development in the City has been the focus of a City- initiated development called the Town Center in the I -35W interchange area. This project incorporates mixed -use development that includes professional buildings, civic facilities, commercial development, and a mix of housing types. The City received a $220,000 Livable Communities grant in 1998 from the Metropolitan Council to hire Peter Calthrope Associates, a planner on urban and suburban neighborhood development, to refine the City's plan for the Town Center. Additional grants totaling $1,200,000 were awarded in the years 2000 through 2005 to begin implementation of the housing initiatives outlined in the Calthrope plan. The part of the Town Center area located on the northeast quadrant of I -35W and Lake Drive began developing as a commercial retail center known as the Lino Lakes Marketplace in late 2001. This development includes a SuperTarget and a Kohl's Department Store, both completed and opened in 2002, and several other retail stores expected to be completed later this year. The development has spurred the need to upgrade Lake Drive from I -35W to 77th Street and to complete Apollo Drive east of Lake Drive, along with the installation of underground utilities and traffic control systems. The cost of the project was assessed against the new development. The Village, located in the southeast quadrant of the Town Center, is the site of the recently completed Lino Lakes Civic Complex. This $6 million facility, which houses City Hall, police, and a Centennial School District program, is a critical component in the mixed -use Town - 17 - Center. The Civic Complex received an award from the League of Minnesota Cities for innovation and excellence in housing, economic development, and community spaces. Construction began in 2006 on a mixed -use development expected to include single - family townhomes, multi - family housing, senior housing, retail commercial buildings, a motel, and a community green area. Upon completion, slated for 2008, the development is expected to add between $116 million and $137 million to the City's tax base. Residential Development The following table shows projected lot development in existing subdivisions for single - family homes: Subdivision As of August 31, 2006 Total Lots Lots Remaining Century Farm North 58 4 Century Farm North 2nd Addition 65 10 Century Farm North 3`d Addition 52 48 Century Farm North 4th Addition 43 43 Clearwater Creek 4th Addition 58 5 Clearwater Creek 5th Addition 57 1 Foxborough 57 53 Hailey Manor 14 5 Highland Meadows East 2nd Addition 18 10 Highland Meadows West 110 3 Highland Meadows West 3rd Addition 69 2 Junes Addition 4 3 Marshan Estates 4 3 Marshan Meadows 20 18 Millers Crossroads 107 26 Millers Crossroads 2nd Addition 50 42 Millers Crossroads 3rd Addition 32 16 Pheasant Hills Preserve 8th Addition 16 1 Pheasant Hills Preserve 9th Addition 15 2 Pheasant Hills Preserve 10th Addition 16 1 Pheasant Hills Preserve 12th Addition 8 -- Pine Glen 35 34 Raven's Hollow 56 32 Stoneybrook 103 16 Surfside Addition 5 0 Trapper's Crossing 2nd Addition 52 0 Turnberry Crossing (Marshan Townhomes 2 "d) 23 23 Vaughan Addition 5 5 West Shadow Ponds 22 7 West Shadow Ponds 2nd Addition 2 2 Education Lino Lakes residents are served by three school districts. The majority of the City's value lies within Independent School District No. 12 (Centennial) and Independent School District No. 831 (Forest Lake), with a small portion in Independent School District No. 624 (White Bear Lake). The 2005/06 enrollment for Independent School District No. 12 was 7,000 students; for Independent School District No. 831, it was 7,561. GOVERNMENTAL ORGANIZATION AND SERVICES Lino Lakes was incorporated as a village in 1955, became a statutory city on January 1, 1974 and is now governed by a Home Rule Charter as adopted on January 12, 1982. The City is governed by a Mayor and four Council members. The Mayor is elected to a two -year term of office and Council members are elected to four -year terms. The Council is currently comprised of the following members: Expiration of Term John Bergeson Mayor December 31, 2007 Donna Carlson Council Member December 31, 2007 Jeff O'Donnell Council Member December 31, 2009 Jeff Reinert Council Member December 31, 2009 Daniel Stoltz Council Member December 31, 2007 The City Administrator, Mr. Gordon Heitke, is responsible for administration of City policy. Mr. Heitke has been with the City since February 2004. The City's Finance Director is Mr. Alan Rolek, who has been with the City since April 2000. The City currently employs 68 full -time and 5 part-time personnel. Police protection is provided by 26 sworn police officers. Fire protection is provided by the Centennial Fire District which is comprised of the cities of Lino Lakes, Circle Pines, and Centerville. The District has a volunteer force of 52 members. The City has a class 5 insurance rating. Lino Lakes has established a Comprehensive Plan to direct all areas of growth within the City. The plan was approved by the Metropolitan Council in 1981 and was amended in 1987, 1990, 1991, 1992, and 2001. Further refinements are currently under review. Twenty -one parks and playgrounds are maintained by the City and include ball fields, hockey and skating rinks, playground and picnic facilities, and 13 miles of trails. Anoka County owns a 2,500 -acre park and an 18 -hole golf course within the City. The City currently provides municipal sewer and water through the operation of four wells, two water towers, and four lift stations. The City currently has 4,192 users of its sewer system and 3,996 users of its water system. The City has established a policy that provides that municipal water services will be extended only to sewered areas. Employee Pensions All full -time and certain part -time employees of the City of Lino Lakes are covered by defined benefit pension plans administered by the Public Employees Retirement Association of Minnesota (PERA). PERA administers the Public Employees Retirement Fund (PERF) and the Public Employees Police and Fire Fund (PEPFF), which are cost - sharing multiple - employer retirement plans. PERF members belong to either the Coordinated Plan or the Basic Plan. Coordinated members are covered by Social Security and Basic members are not. All new members must participate in the Coordinated Plan. All police officers, fire fighters and peace officers who qualify for membership by statute are covered by the PEPFF. The City's contributions to the PERF for the years ended December 31, 2005, 2004, and 2003 were $136,230, $128,263, and $124,431, respectively. The City's contributions to the PEPFF for the years ended December 31, 2005, 2004, and 2003 were $158,282, $146,820, and $139,726, respectively. The City's contributions were equal to the contractually required contributions for each year as set by state statute. Other Post- Employment Benefits The Governmental Accounting Standards Board (GASB) has issued Statement No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions (GASB 45), which addresses how state and local governments must account for and report their obligations related to post - employment healthcare and other non - pension benefits (referred to as Other Post Employment Benefits or "OPEB "). GASB 45 requires that local governments account for and report the annual cost of OPEB and the outstanding obligations and commitments related to OPEB in essentially the same manner as they currently do for pensions. The City of Lino Lakes does not offer post - employment or post - retirement benefits to City employees, except for public safety employee or families of public safety employees disabled or killed in the line of duty, as required by Minnesota Statutes. Employees leaving employment may continue insurance coverage under COBRA, and early retirees may continue insurance coverage, per Minnesota Statues, at their own expense, until age 65. Therefore, the City's greatest liability under GASB 45 would come through an implicit rate subsidy. The implicit rate subsidy is the additional cost of health insurance to current employees and the City as a result of the higher cost of providing health insurance to retirees. It is the City's intention to quantify this liability through actuarial estimate or another acceptable method and to disclose it in the notes to the financial statements by the deadline date for implementation. General Fund Budget 2005 Adopted 2006 Actual Budget Revenues: Property Taxes $6,054,104 $6,757,626 Licenses and permits 812,172 866,600 Intergovernmental 591,649 365,000 Special assessments 3,461 0 Charges for services 197,475 198,000 Fines and forfeits 100,980 110,000 Investment earnings 115,015 80,000 Refunds and reimbursements 32,509 0 Miscellaneous 138,480 230,000 Total General Fund Revenues $8.045,845 $8 607 226 Expenditures: General Government $2,353,519 $2,886,031 Public Safety 3,141,032 3,350,148 Public Works 969,338 996,283 Parks and Recreation 733,176 788,154 Conservation of Natural Resources 142,655 0 Contingency /Other 0 586,610 Total General Fund Expenditures $7,339.720 $8,607,226 Kennedy Graven CHARTERED PROPOSED FORMS OF LEGAL OPINIONS 470 Pillsbury Center 200 South Sixth Street Minneapolis MN 55402 (612) 337 -9300 telephone (612) 337 -9310 fax http://www.kennedy-graven.com General Obligation Capital Improvement Plan Refunding Bonds, Series 2006E City of Lino Lakes Anoka County, Minnesota APPENDIX I We have acted as bond counsel to the City of Lino Lakes (the "Issuer ") in connection with the issuance by the Issuer of its General Obligation Capital Improvement Plan Refunding Bonds, Series 2006E, (the "Bonds "), originally dated as of November 1, 2006, and issued in the original aggregate principal amount of $ . In such capacity and for the purpose of rendering this opinion we have examined certified copies of certain proceedings, certifications and other documents, and applicable laws as we have deemed necessary. Regarding questions of fact material to this opinion, we have relied on certified proceedings and other certifications of public officials and other documents furnished to us without undertaking to verify the same by independent investigation. Under existing laws, regulations, rulings and decisions in effect on the date hereof, and based on the foregoing we are of the opinion that: 1.The Bonds have been duly authorized and executed, and are valid and binding general obligations of the Issuer, enforceable in accordance with their terms. 2. The principal of and interest on the Bonds are payable primarily from ad valorem taxes levied by the Issuer, but if necessary for the payment thereof additional ad valorem taxes are required by law to be levied on all taxable property in the City of Lino Lakes, which taxes are not subject to any limitation as to rate or amount. 3.Interest on the Bonds is excludable from gross income of the recipient for federal income tax purposes and, to the same extent, is excludable from taxable net income of individuals, trusts, and estates for Minnesota income tax purposes, and is not a preference item for purposes of the computation of the federal alternative minimum tax, or the computation of the Minnesota alternative minimum tax imposed on individuals, trusts and estates. However, such interest is taken into account in determining adjusted current earnings for the purpose of computing the federal alternative tax imposed on certain corporations and is subject to Minnesota franchise taxes on corporations (including financial institutions) measured by income and the alternative minimum tax base. The opinion set forth in this paragraph is subject to the condition that the Issuer comply with all requirements of the Internal Revenue Code of 1986, as amended, that must be satisfied subsequent to the issuance of the Bonds in order that interest thereon be, or continue to be, excludable from gross income for federal and Minnesota income tax purposes. The Issuer has covenanted to comply with all such requirements. Failure to comply with certain of such requirements may cause interest on the Bonds to be included in gross income for federal and Minnesota income tax purposes retroactively to the date of issuance of the Bonds. We express no opinion regarding tax consequences arising with respect to the Bonds other than as expressly set forth herein. 4.The rights of the owners of the Bonds and the enforceability of the Bonds may be limited by bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting creditor's rights generally and by equitable principles, whether considered at law or in equity. We have not been asked and have not undertaken to review the accuracy, completeness or sufficiency of the Official Statement or other offering material relating to the Bonds, and accordingly we express no opinion with respect thereto. This opinion is given as of the date hereof, and we assume no obligation to update, revise, or supplement this opinion to reflect any facts or circumstances that may hereafter come to our attention or any changes in law that may hereafter occur. Dated , 2006 at Minneapolis, Minnesota. I -1 Kennedy Graven CHARTERED 470 Pillsbury Center 200 South Sixth Street Minneapolis MN 55402 (612) 337 -9300 telephone (612) 337 -9310 fax http://www.kennedy-graven.com S General Obligation Water Revenue Refunding Bonds, Series 2006F City of Lino Lakes Anoka County, Minnesota We have acted as bond counsel to the City of Lino Lakes (the "Issuer ") in connection with the issuance by the Issuer of its General Obligation Water Revenue Refunding Bonds, Series 2006F, (the "Bonds "), originally dated as of November I, 2006, and issued in the original aggregate principal amount of S . In such capacity and for the purpose of rendering this opinion we have examined certified copies of certain proceedings, certifications and other documents, and applicable laws as we have deemed necessary. Regarding questions of fact material to this opinion, we have relied on certified proceedings and other certifications of public officials and other documents furnished to us without undertaking to verify the same by independent investigation. Under existing laws, regulations, rulings and decisions in effect on the date hereof, and based on the foregoing we are of the opinion that: 1. The Bonds have been duly authorized and executed, and are valid and binding general obligations of the Issuer, enforceable in accordance with their terms. 2. The principal of and interest on the Bonds are payable from net revenues of the water utility system of the Issuer, but if necessary for the payment thereof, ad valorem taxes are required by law to be levied on all taxable property in the City of Lino Lakes, which taxes are not subject to any limitation as to rate or amount. 3. Interest on the Bonds is excludable from gross income of the recipient for federal income tax purposes and, to the same extent, is excludable from taxable net income of individuals, trusts, and estates for Minnesota income tax purposes, and is not a preference item for purposes of the computation of the federal alternative minimum tax, or the computation of the Minnesota alternative minimum tax imposed on individuals, trusts and estates. However, such interest is taken into account in determining adjusted current earnings for the purpose of computing the federal alternative tax imposed on certain corporations and is subject to Minnesota franchise taxes on corporations (including financial institutions) measured by income and the alternative minimum tax base. The opinion set forth in this paragraph is subject to the condition that the Issuer comply with all requirements of the Internal Revenue Code of 1986, as amended, that must be satisfied subsequent to the issuance of the Bonds in order that interest thereon be, or continue to be, excludable from gross income for federal and Minnesota income tax purposes. The Issuer has covenanted to comply with all such requirements. Failure to comply with certain of such requirements may cause interest on the Bonds to be included in gross income for federal and Minnesota income tax purposes retroactively to the date of issuance of the Bonds. We express no opinion regarding tax consequences arising with respect to the Bonds other than as expressly set forth herein. 4. The rights of the owners of the Bonds and the enforceability of the Bonds may be limited by bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting creditor's rights generally and by equitable principles, whether considered at law or in equity. We have not been asked and have not undertaken to review the accuracy, completeness or sufficiency of the Official Statement or other offering material relating to the Bonds, and accordingly we express no opinion with respect thereto. This opinion is given as of the date hereof, and we assume no obligation to update, revise, or supplement this opinion to reflect any facts or circumstances that may hereafter come to our attention or any changes in law that may hereafter occur. Dated , 2006 at Minneapolis, Minnesota. APPENDIX II CONTINUING DISCLOSURE CERTIFICATE This Continuing Disclosure Certificate (the "Disclosure Certificate ") is executed and delivered by the City of Lino Lakes, Minnesota (the "Issuer ") in connection with the issuance of $ General Obligation Capital Improvement Plan Refunding Bonds, Series 2006E and $ General Obligation Water Revenue Refunding Bonds, Series 2006F (the "Bonds "). The Bonds are being issued pursuant to authorizing resolutions adopted by the City Council of the Issuer on September 25, 2006 and award resolutions adopted by the City Council of the Issuer on October 23, 2006 (collectively, the "Resolutions ") and delivered to the Purchaser(s) on the date hereof. Pursuant to the Resolutions, the Issuer has covenanted and agreed to provide continuing disclosure of certain financial information and operating data and timely notices of the occurrence of certain events. In addition, the Issuer hereby covenants and agrees as follows: Section 1. Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the Issuer for the benefit of the Holders (defined herein) of the Bonds in order to assist the Participating Underwriters (defined herein) in complying with SEC Rule 15c2- 12(b)(5). This Disclosure Certificate, together with the Resolutions, constitutes the written agreement or contract for the benefit of the Holders of the Bonds that is required by the Rule. Section 2. Definitions. In addition to the defined terms set forth in the Resolutions, which apply to any capitalized term used in this Disclosure Certificate unless otherwise defined in this Section, the following capitalized terms shall have the following meanings: "Annual Report" means any annual report provided by the Issuer pursuant to, and as described in, Sections 3 and 4 of this Disclosure Certificate. "Audited Financial Statements" means the Issuer's annual financial statements, prepared in accordance with generally accepted accounting principles ( "GAAP ") for Governmental Units as Prescribed by the Governmental Accounting Standards Board ( "GASB "). "Fiscal Year" means the fiscal year of the Issuer. "Final Official Statement" means the deemed final official statement dated , 2006 plus the addendum thereto which together constitute the final official statement delivered in connection with the Bonds, which is available from the MSRB. "Holder" means the person in whose name a security is registered or a beneficial owner of such a security. "Issuer" means the City of Lino Lakes, Minnesota which is the obligated person with respect to the Bonds. "Material Event" means any of the events listed in Section 5(a) of this Disclosure Certificate. "MSRB" means the Municipal Securities Rulemaking Board located at 1900 Duke Street, Suite 600, Alexandria, VA 22314. "NRMSIR" means any nationally recognized municipal securities information repository as recognized from time to time by the SEC for purposes of the Rule. "Participating Underwriter" means any of the original underwriter(s) of the Bonds (including the Purchaser(s)) required to comply with the Rule in connection with the offering of the Bonds. "Repository" means each NRMSIR and each SID, if any. "Rule" means SEC Rule 15c2- 12(b)(5) promulgated by the SEC under the Securities Exchange Act of 1934, as the same may be amended from time to time, and including written interpretations thereof by the SEC. "SEC" means Securities and Exchange Commission. "SID" means any public or private repository or entity designated by the State of Minnesota as a state information depository for the purpose of the Rule. As of the date of this Certificate, there is no SID. Section 3. Provision of Annual Financial Information and Audited Financial Statements. (a) The Issuer shall provide, as soon as available, but not later than 12 months after the end of the Fiscal Year commencing with the year that ends December 31, 2006, each Repository with an Annual Report which is consistent with the requirements of Section 4 of this Disclosure Certificate. The Annual Report may be submitted as a single document or as separate documents comprising a package, and may cross - reference other information as provided in Section 4 of this Disclosure Certificate; provided that the Audited Financial Statements of the Issuer may be submitted separately from the balance of the Annual Report and will be submitted as soon as available. (b) If the Issuer is unable or fails to provide to the Repositories an Annual Report by the date required in subsection (a), the Issuer shall send a notice of that fact to the Repositories and the MSRB. (c) The Issuer shall determine each year prior to the date for providing the Annual Report the name and address of each Repository. Section 4. Content of Annual Reports. The Issuer's Annual Report shall contain or incorporate by reference the following sections of the Final Official Statement: 1. City Property Values. 2. City Indebtedness. 3. City Tax Rates, Levies and Collections Any filing under this Disclosure Certificate may be made solely by transmitting such filing to the Texas Municipal Advisory Council (the "MAC ") as provided at http: / /www.disclosureusa.org unless the SEC has withdrawn the interpretive advice in its letter to the MAC dated September 7, 2004. In addition to the items listed above, the Annual Report shall include Audited Financial Statements submitted in accordance with Section 3 of this Disclosure Certificate. Any or all of the items listed above may be incorporated by reference from other documents, including official statements of debt issues of the Issuer or related public entities, which have been submitted to each of the Repositories or the SEC. If the document incorporated by reference is a final official statement, it must also be available from the MSRB. The Issuer shall clearly identify each such other document so incorporated by reference. Section 5. Reporting of Material Events. (a) This Section 5 shall govern the giving of notices of the occurrence of any of the following events if material with respect to the Bonds: 1. Principal and interest payment delinquencies; 2. Non - payment related defaults; 3. Unscheduled draws on debt service reserves reflecting financial difficulties; 4. Unscheduled draws on credit enhancements reflecting financial difficulties; 5. Substitution of credit or liquidity providers, or their failure to perform; 6. Adverse tax opinions or events affecting the tax - exempt status of the security; 7. Modifications to rights of security holders; 8. Bond calls; 9. Defeasances; 10. Release, substitution or sale of property securing repayment of the securities; and 11. Rating changes. (b) Whenever the Issuer obtains knowledge of the occurrence of a Material Event, the Issuer shall promptly file a notice of such occurrence with either all NRMSIRs or with the MSRB and with any SID. Notwithstanding the foregoing, notice of Material Events described in subsections (a)(8) and (9) need not be given under this subsection any earlier than the notice (if any) of the underlying event is given to Holders of affected Bonds pursuant to the Resolution[s]. (c) Unless otherwise required by law and subject to technical and economic feasibility, the Issuer shall employ such methods of information transmission as shall be requested or recommended by the designated recipients of the Issuer's information. Section 6. Termination of Reporting Obligation. The Issuer's obligations under the Resolutions and this Disclosure Certificate shall terminate upon the legal defeasance, or upon the redemption or payment in full of all the Bonds. Section 7. Agent. The Issuer may, from time to time, appoint or engage a dissemination agent to assist it in carrying out its obligations under the Resolutions and this Disclosure Certificate, and may discharge any such agent, with or without appointing a successor dissemination agent. Section 8. Amendment; Waiver. Notwithstanding any other provision of the Resolutions or this Disclosure Certificate, the Issuer may amend this Disclosure Certificate, and any provision of this Disclosure Certificate may be waived, if such amendment or waiver is supported by an opinion of nationally recognized bond counsel to the effect that such amendment or waiver would not, in and of itself, cause a violation of the Rule. The provisions of the Resolutions constituting the Undertaking and this Disclosure Certificate, or any provision hereof, shall be null and void in the event that the Issuer delivers to each then existing NRMSIR and the SID, if any, an opinion of nationally recognized bond counsel to the effect that those portions of the Rule which require the Resolutions and this Disclosure Certificate are invalid, have been repealed retroactively or otherwise do not apply to the Bonds. The provisions of the Resolutions and this Disclosure Certificate may be amended without the consent of the Holders of the Bonds, but only upon the delivery by the Issuer to each then existing NRMSIR and the SID, if any, of the proposed amendment and an opinion of nationally recognized bond counsel to the effect that such amendment, and giving effect thereto, will not adversely affect the compliance of the Resolutions and this Disclosure Certificate and by the Issuer with the Rule. Section 9. Additional Information. Nothing in this Disclosure Certificate shall be deemed to prevent the Issuer from disseminating any other information, using the means of dissemination set forth in this Disclosure Certificate or any other means of communication, or including any other information in any Annual Report or notice of occurrence of a Material Event, in addition to that which is required by this Disclosure Certificate. If the Issuer chooses to include any information in any Annual Report or notice of occurrence of a Material Event in addition to that which is specifically required by this Disclosure Certificate, the Issuer shall have no obligation under this Certificate to update such information or include it in any future Annual Report or notice of occurrence of a Material Event. Section 10. Default. In the event of a failure of the Issuer to comply with any provision of this Disclosure Certificate any Holder of the Bonds may take such actions as may be necessary and appropriate, including seeking mandamus or specific performance by court order, to cause the Issuer to comply with its obligations under the Resolutions and this Disclosure Certificate. A default under this Disclosure Certificate shall not be deemed an event of default with respect to the Bonds and the sole remedy under this Disclosure Certificate in the event of any failure of the Issuer to comply with this Disclosure Certificate shall be an action to compel performance. Section 11. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the Issuer, the Participating Underwriters and Holders from time to time of the Bonds, and shall create no rights in any other person or entity. (The remainder of this page is intentionally left blank.) IN WITNESS WHEREOF, we have executed this Certificate in our official capacities effective the day of , 2006. CITY OF LINO LAKES, MINNESOTA Mayor City Administrator APPENDIX III SUMMARY OF TAX LEVIES, PAYMENT PROVISIONS, AND MINNESOTA REAL PROPERTY VALUATION (effective through payable 2006 with 2005 Legislative changes incorporated) Following is a summary of certain statutory provisions effective through payable 2006 relative to tax levy procedures, tax payment and credit procedures, and the mechanics of real property valuation. The summary does not purport to be inclusive of all such provisions or of the specific provisions discussed, and is qualified by reference to the complete text of applicable statutes, rules and regulations of the State of Minnesota. Property Valuations (Chapter 273, Minnesota Statutes) Assessor's Estimated Market Value. Each parcel of real property subject to taxation must, by statute, be appraised at least once every five years as of January 2 of the year of appraisal. With certain exceptions, all property is valued at its market value, which is the value the assessor determines to be the price the property to be fairly worth, and which is referred to as the "Estimated Market Value." Limitation of Market Value Increases. Minn. Stat., Sec. 273.11, Subdivision 1a, was amended in 2005. For assessment years 2005 and 2006, the amount of the increase shall not exceed the greater of (1) 15% of the value in the preceding assessment, or (2) 25% of the difference between the current assessment and the preceding assessment. For assessment year 2007, the amount of the increase shall not exceed the greater of (1) 15% of the value in the preceding assessment, or (2) 33% of the difference between the current assessment and the preceding assessment. For assessment year 2008, the amount of increase shall not exceed the greater of (1) 15% of the value in the preceding assessment or (2) 50% of the difference between the current assessment and the preceding assessment. Taxable Market Value. The Taxable Market Value is the value that property taxes are based on, after all reductions, limitations, exemptions and deferrals. It is also the value used to calculate a municipality's legal debt limit. Indicated Market Value. The Indicated Market Value is determined by dividing the Taxable Market Value of a given year by the same year's sales ratio determined by the State Department of Revenue. The Indicated Market Value serves to eliminate disparities between individual assessors and equalize property values statewide. Net Tax Capacity. The Net Tax Capacity is the value upon which net taxes are levied, extended and collected. The Net Tax Capacity is computed by applying the class rate percentages specific to each type of property classification against the Taxable Market Value. Class rate percentages vary depending on the type of property as shown on the last page of this Appendix. The formulas and class rates for converting Taxable Market Value to Net Tax Capacity represent a basic element of the State's property tax relief system and are subject to annual revisions by the State Legislature. Property taxes are determined by multiplying the Net Tax Capacity by the tax capacity rate, expressed as a percentage. Property Tax Payments and Delinquencies (Chapters 275, 276, 277, 279 -282 and 549, Minnesota Statutes) Ad valorem property taxes levied by local governments in Minnesota are extended and collected by the various counties within the State. Each taxing jurisdiction is required to certify the annual tax levy to the county auditor within five (5) working days after December 20 of the year preceding the collection year. A listing of property taxes due is prepared by the county auditor and turned over to the county treasurer on or before the first business day in March. The county treasurer is responsible for collecting all property taxes within the county. Real estate and personal property tax statements are mailed out by March 31. One -half (1/2) of the taxes on real property is due on or before May 15. The remainder is due on or before October 15. Real property taxes not paid by their due date are assessed a penalty that, depending on the type of property, increases from 2% to 4% on the day after the due date. In the case of the first installment of real property taxes due May 15, the penalty increases to 4% or 8% on June 1. Thereafter, an additional 1% penalty shall accrue each month through October 1 of the collection year for unpaid real property taxes. In the case of the second installment of real property taxes due October 15, the penalty increases to 6% or 8% on November 1 and increases again to 8% or 12% on December 1. Personal property taxes remaining unpaid on May 16 are deemed to be delinquent and a penalty of 8% attaches to the unpaid tax. However, personal property that is owned by a tax - exempt entity, but is treated as taxable by virtue of a lease agreement, is subject to the same delinquent property tax penalties as real property. On the first business day of January of the year following collection all delinquencies are subject to an additional 2% penalty, and those delinquencies outstanding as of February 15 are filed for a tax lien judgment with the district court. By March 20 the clerk of court files a publication of legal action and a mailing of notice of action to delinquent parties. Those property interests not responding to this notice have judgment entered for the amount of the delinquency and associated penalties. The amount of the judgment is subject to a variable interest determined annually by the Department of Revenue, and equal to the adjusted prime rate charged by banks, but in no event is the rate less than 10% or more than 14 %. Property owners subject to a tax lien judgment generally have five years (5) in the case of all property located outside of cities or in the case of residential homestead, agricultural homestead and seasonal residential recreational property located within cities or three (3) years with respect to other types of property to redeem the property. After expiration of the redemption period, unredeemed properties are declared tax forfeit with title held in trust by the State of Minnesota for the respective taxing districts. The county auditor, or equivalent thereof, then sells those properties not claimed for a public purpose at auction. The net proceeds of the sale are first dedicated to the satisfaction of outstanding special assessments on the parcel, with any remaining balance in most cases being divided on the following basis: county - 40 %; town or city - 20 %; and school district - 40 %. Property Tax Credits (Chapter 273, Minnesota Statutes) In addition to adjusting the taxable value for various property types, primary elements of Minnesota's property tax relief system are: property tax levy reduction aids; the circuit breaker credit, which relates property taxes to income and provides relief on a sliding income scale; and targeted tax relief, which is aimed primarily at easing the effect of significant tax increases. The circuit breaker credit and targeted credits are reimbursed to the taxpayer upon application by the taxpayer. Property tax levy reduction aid includes educational aids, local governmental aid, equalization aid, county program aid and disparity reduction aid. III -2 Debt Limitations All Minnesota municipalities (counties, cities, towns and school districts) are subject to statutory "net debt" limitations under the provisions of Minnesota Statutes, Section 475.53. Net debt is defined as the amount remaining after deducting from gross debt the amount of current revenues that are applicable within the current fiscal year to the payment of any debt and the aggregate of the principal of the following: 1. Obligations issued for improvements that are payable wholly or partially from the proceeds of special assessments levied upon benefited property. 2. Warrants or orders having no definite or fixed maturity. 3. Obligations payable wholly from the income from revenue producing conveniences. 4. Obligations issued to create or maintain a permanent improvement revolving fund. 5. Obligations issued for the acquisition and betterment of public waterworks systems, and public lighting, heating or power systems, and any combination thereof, or for any other public convenience from which revenue is or may be derived. 6. Certain debt service loans and capital loans made to school districts. 7. Certain obligations to repay loans. 8. Obligations specifically excluded under the provisions of law authorizing their issuance. 9. Certain obligations to pay pension fund liabilities. 10. Debt service funds for the payment of principal and interest on obligations other than those described above. 11. Obligations issued to pay judgments against the municipality. Levies for General Obligation Debt (Sections 475.61 and 475.74, Minnesota Statutes) Any municipality that issues general obligation debt must, at the time of issuance, certify levies to the county auditor of the county(ies) within which the municipality is situated. Such levies shall be in an amount that if collected in full will, together with estimates of other revenues pledged for payment of the obligations, produce at least five percent in excess of the amount needed to pay principal and interest when due. Notwithstanding any other limitations upon the ability of a taxing unit to levy taxes, its ability to levy taxes for a deficiency in prior levies for payment of general obligation indebtedness is without limitation as to rate or amount. Metropolitan Revenue Distribution (Chapter 473F, Minnesota Statutes) "Fiscal Disparities Law" The Charles R. Weaver Metropolitan Revenue Distribution Act, more commonly known as "Fiscal Disparities," was first implemented for taxes payable in 1975. Forty percent of the increase in commercial- industrial (including public utility and railroad) net tax capacity valuation since 1971 in each assessment district in the Minneapolis /St. Paul seven - county metropolitan area (Anoka, Carver, Dakota, excluding the City of Northfield, Hennepin, Ramsey, Scott, excluding the City of New Prague, and Washington Counties) is contributed to an area -wide tax base. A distribution index, based on the factors of population and real property market value per capita, is employed in determining what proportion of the net tax capacity value in the area - wide tax base shall be distributed back to each assessment district. STATUTORY FORMULAE: CONVERSION OF ESTIMATED MARKET VALUE (EMV) TO NET TAX CAPACITY FOR MAJOR PROPERTY CLASSIFICATIONS Local Tax Local Tax Local Tax Local Tax Local Tax Payable Payable Payable Payable Payable Property Type 2002 2003 2004 2005 2006 Residential Homestead Up to $500,000 1.000% 1.000% 1.000% 1.000% 1.000% Over $500,000 1.250% 1.250% 1.250% 1.250% 1.250% Residential Non - homestead Single Unit Up to $500,000 1.000% 1.000% 1.000% 1.000% 1.000% Over $500,000 1.250% 1.250% 1.250% 1.250% 1.250% 2 -3 unit and undeveloped land 1.500% 1.250% 1.250% 1.250% 1.250% Market Rate Apartments Regular 1.800% 1.500% 1.250% 1.250% 1.250% Small City 1.800% 1.500% 1.250% 1.250% 1.250% Low - Income 0.900 %' 1.000%1 ' 0.750 %' Commercial /Industrial /Public Utility Up to $150,000 1.500% 1.500% 1.500% 1.500% 1.500% Over $150,000 2.000% 2.000% 2.000% 2.000% 2.000% Electric Generation Machinery 2.000% 2.000% 2.000% 2.000% 2.000% Seasonal Recreational Commercial Homestead Resorts (1c) Up to $500,000 1.000% 1.000% 1.000% 1.000% 0.550% $500,000 - $2,200,000 1.250% 1.250% 1.250% 1.250% 1.000% Over $2,200,000 1.250% 1.250% 1.250% 1.250% 1.250% Seasonal Resorts (4c) Up to $500,000 1.000% 1.000% 1.000% 1.000% 1.000% Over $500,000 1.250% 1.250% 1.250% 1.250% 1.250% Seasonal Recreational Residential Up to $500,000 1.000 %2 1.000 %2 1.000 %2 1.000 %2 1.000 %2 Over $500,000 1.250 %2 1.250 %2 1.250 %2 1.250 %2 1.250 %2 Disabled Homestead 0.450% 0.450% 0.450% 0.450% 0.450% Agricultural Land & Buildings Homestead Up to $600,000 0.550 %2 0.550 %2 0.550 %2 0.550 %2 0.550 %2 Over $600,000 1.000 %2 1.000 %2 1.000 %2 1.000 %2 1.000 %2 Non - homestead 1.000 %2 1.000 %2 1.000 %2 1.000 %2 1.000 %2 ' Rate increased to 1% in pay 2003, classification abolished for pay 2004 and pay 2005, and re- established at a rate of 0.75% in pay 2006 and thereafter. 2 Exempt from referendum market value tax. APPENDIX IV EXCERPT OF 2005 ANNUAL FINANCIAL STATEMENTS The City is audited annually by an independent certified public accounting firm. Data on the following pages was extracted from the City's comprehensive annual financial report for fiscal year ended December 31, 2005 (the "CAFR "). The reader should be aware that the complete CAFR may contain additional information which may interpret, explain, or modify the data presented here. The complete CAFR is available at the offices of the City. The City has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report for the year ended December 31, 2004. The Certificate of Achievement is the highest form of recognition for excellence in State and local government financial reporting. The City has received this award every year since 1996. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such CAFR must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. The City believes its CAFR continues to conform to the Certificate of Achievement program requirements and is submitting its CAFR for the 2005 fiscal year to GFOA. Larsi -.nA11en' CPAs, Consultants & Advisors www.larsonallen.com INDEPENDENT AUDITORS' REPORT llonorable Mayor and Members of the City Council City of Lino Lakes, Minnesota We have audited the accompanying financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City of Lino Lakes, Minnesota as of and for the year ended December 31, 2005, which collectively comprise the City's basic financial statements as listed in the table of contents. These basic financial statements are the responsibility of the City's management. Our responsibility is to express an opinion on these basic financial statements based on our audit. We conducted our audit in accordance with U.S. generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards. issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supposing the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the basic financial statements referred to above present fairly, in all material respects, the financial position of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City of Lino Lakes, Minnesota as of December 31, 2005, and the respective changes in financial position and cash flows, where applicable, thereof and for the year then ended in conformity with U.S. generally accepted accounting principles. In accordance with Government Auditing Standards, we have also issued a report dated March 24, 2006 on our consideration of the City of Lino Lakes Minnesota's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts, grants, and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. The management's discussion and analysis and budgetary comparison information as listed in the table of contents are not a required part of the basic financial statements but are supplemental information required by U.S. generally accepted accounting principles. We have applied certain limited procedures, which consisted principally of inquires of management regarding the methods of measurement and presentation of the required supplementary information. However, we did not audit the information and express no opinion on it. Our audit was made for the purpose of forming an opinion on the basic financial statements taken as a whole. The accompanying supplementary information, such as the introductory section, combining fund financial statements, supplementary financial information and statistical section listed in the table of contents are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information, except for the introductory and statistical sections on which we express no opinion, has been subjected to the auditing procedures applied in our audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statcments taken as a whole. Austin, Minnesota March 24, 2006 LARSON, ALLEN, WEISHAIR & CO-, LLP IV -2 CITY OF LINO LAKES, MINNESOTA STATEMENT OF NET ASSETS December 31, 2005 Governmental Business -type Activities Activities Total ASSETS Cash and investments S 21,274,603 S 5,257,590 S 26,532,193 Cash and investments with escrow agent 496,875 496,875 Accrued interest receivable 233,023 - 233,023 Accounts receivable 197,916 300,763 498,679 Duc from other governments 221,720 - 221,720 Taxes receivable 182,943 - 182,943 Special assessments receivable 9,880,796 148,905 10,029,701 Prepaid items 150,415 11,095 161,510 Unamortized bond issue costs 143,471 - 143,471 Permanently restricted cash and investments 100,000 100,000 Capital assets: Land 2,809,059 - 2,809,059 Construction in progress - 356,061 356,061 Other capital assets, net of depreciation 42,641,724 30,41 1,763 73,053,487 Total assets 78,332,545 36,486,177 114,818,722 LIABILITIES Accounts payable 1,191,870 35,594 1,227,464 Salaries payable 101,784 5,757 107,541 Contracts and retainage payable 158,976 15,860 174,836 Accrued interest payable 358,888 59,786 418,674 Duc to other governments 7,789 - 7,789 Other accrued liabilities - 1,510 1,510 Non - current liabilities: Due within one year 6,332,871 312,874 6,645,745 Due in more than one year 19,092,284 2,139,626 21,231,910. Total liabilities 27,244,462 2,571,007 29,815,469 NET ASSETS Invested in capital assets, net of related debt 25,460,528 28,342,832 53,803,360 Restricted for: Debt service 11,950,484 11,950,484 Environmental improvements - nonexpendable 100,000 - 100,000 Unrestricted 13,577,071 5,572,338 19,149,409 Total net assets S 51,088,083 S 33,915,170 S 85,003,253 The accompanying notes are an integral part of these basic financial statements. IV -3 R F V 0 y 0 y E IT, 0 c� 1 y L h 7 as vl 10 .— 'O 0' 00 T N T vi 1p r vl e r-- c"6 — h 0' r r N", 7 — .n.. r h h 10 — 7 Cr 31 10 — '0 .0 0' 00 7 rl 7 h v, 'O r vl r! . �rn- 47-1 P 'O .O f__- , r r- v1 - r v - w 7 O 0 l0 n 7 — :2 O o' r b ri ^' .0 r! 00 h n C r — O , 00 - 00 ' r 00 7 r! C O' 00 0' T M O - 0' T 0' 7 .0 r- r1 — 7 = P C 00 — ca O c O 3, • • • r r. r, ,-] r, r Cr. O h r CO 0. ✓ - n eri r 00 .7 O x C5 00 rl • '0 a 7 E s j5 c 7; 0 c u c - E ? o u o0 E _Q V >. V _ O 04 '7 0 y y c c 00 >a, E t E " O u E= r L 1 5 E y F C 00 • ° oZ 0'n � O r- 0 00 - a n a ▪ 0' 01 0' r ere - i cc 7 O' r` Cr O - n N V1 . z O • r ▪ — m r! 0 ri N N n 0 N eV o' N n O ri T 'n 0' r 0' r r r '0 0' r, N -7 0' c O '0 00 W. O v 0' c o o 0' !^ O O O 'D v1 — O ' 0' 7 0 r O ..1 .n h 00 C v. Q' rC. '0 01 Y 0 0 0' 00 O 7 h ro 31 00 N n 7 '3n v. 0. r- 7. n 0' 7.- 1000 h Y1 ? 7 00 r r! ✓ � m 00 01 a - ! 7 v '1 O m rA O r Vl 0' h co cod 00 v. IV -4 1 t"1 on (1 .0 0 00 M .0 7 r4 n r- v1 r! CD (ri - — O-0OP 0P - vt N O - C ri o0 O n n P M P f l •0 O 00 n 0 on .r1 M ? r — f1 00 — /� H el h CO O O ' n v1 v1 O T 00 ? N O 00 .D — .D v. P v1 P 0 w CO .. • n r-7 fog n • • O' • n p 00 N h r; Vl T 00 v1 S 4.882.703 7 7 h r• 00 tT e.". 0 on n 0 00 r 1 r 40 r1 f1 v. T v: • •r1 n T h T M rl - ,6 .D 00 On ry —r1 M •n .0 en 00 00 00 .0 .0 .O R ? — n P VD C v S 13,300.371 S 4.482,761 00 4,1 C 00 en 0o 61 00 O ?.0 P r1 .D • n 00 n 00 00 T 00 n P n — 00 ri - -o0 r n. -t VD C 0 v1 v1 r- oc rl 0 •O N N M • M T T ! N T rl M .0 00 — H C4 T -- - n v ^ oo n v . 7 o n P •o 0' vi n en ' 00 T • n • r1 n 7 '0 7 00 7 P .n n — h n n O 00 00 1 7 r Os ri 00 n 00 n 0 O P 0 vi n 00 4- M •n P r O 10 4D v1 . O en M — co ? — C — n ^ 0 o0 O — r- 00 O 00 00 O on r- - M? O n n n o n r v. M -r .D C O n rl O — O O CO .0 T M M n on n on. — o0 ? •O M n on f1 -r P ' • el • • .0 f co - •/1 fJ P .0 40 • un 00 T o — M 00 ri VD P ri 0 rl 00 rl n 0 00' n fl 00 CO 00 r- r- ri r -r 00 00 S 33,757.871 O l^ 00 T r- n so 00 7r to M 00 rl vi 07 P CV 0 00 VD CITY OF LINO LAKES, MINNESOTA RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET ASSETS December 31, 2005 Total Fund Balances for Governmental Funds Total net assets reported for governmental activities in the statement of net assets is different because: Capital assets used in governmental funds are not financial resources and therefore arc not reported in the funds. Those assets consist of: Land 2,809,059 Buildings, Net of Accumulated Depreciation 4,756,524 Office Equipment and Furniture, Net of Accumulated Depreciation 429,158 Vehicles, Net of Accumulated Depreciation 741,617 Machinery and Shop Equipment, Net of Accumulated Depreciation 251,406 Equipment, Net of Accumulated Depreciation 464,472 Infrastructure, Net of Accumulated Depreciation 35,998,547 Some of the City's property taxes and special assessments will be collected after year -end, but are not available soon enough to pay for the current period's expenditures, and therefore are reported as deferred revenue in the governmental funds. S 21,302,936 45,450,783 9,974,886 Bond issuance costs are reported as expenditures in the governmental funds and are shown net of accumulated amortization on the statement of net assets as prepaid items. 143,471 Interest on long -term debt is not accrued in governmental funds, but rather is recognized as an expenditure when due. Accrued interest for general obligation bonds is included in the statement of net assets. Long -term liabilities that pertain to governmental funds, including bonds payable, are not due and payable in the current period and therefore are not reported as fund liabilities. All liabilities - both current and long -term - are reported in the statement of net assets. Balances at year -end are: Bonds payable Unamortized premiums Unamortized discounts Compensated absence payable Total Net Assets of Governmental Activities The accanpaaving notes are an integral part of these basic financial sunements. (24,740,000) (176,166) 5,594 (514,583) (358,888) (25,425,155) S 51,088,083 -0 u c rfl ea r■ O N -- 00 O •n P O n h r— N 7 00 00 on ,n GO 7 — — oC •n • — r P -1 O .O O O r 00 .0 O N CO co r .O — 7 00 .0 — — W ✓ O n V1 7 O 00 P GC rl w n w .O t• - P O O 0 un r- 'T 'T r O r — • 7 P P 7 O x — — .o O w N V, •O • 7 • r r _ h O O r rt — w 04 O `O C 0 • r- O r- T n o o0' c -- O 000 — — .D 7 7 P O h 7 -t r _— r r O v.; ri o0 00 v! — — — — O 1 n 0 0 O N O r- 0 00 7 00 -t — n n rI O en O '1 r r O o rO _ ri r r — J • P vl P N ,n 7 — O 0J 00 7 00 en • rl ar. 0' T o —oor- v0 N 7 O rJ r h oo h r .0 CO .7�, 00 N 7 O h 00 vt N P — 7 J CO N 00 .0 on on ^ r r O — e + ^ -r r— O P el 7 .O r 7 O O O h O O ri v, GV IV -7 CD o 0 1 O P rl .O d! r ri O 01 0 o — - 00 00 0 un P el n vi O 7 n rn P 00 n P 0 00 C 04 v0., O r •n v! N r r P el O P O P 7 P O- 0 ,D 0 r+ O f P T •O O + 00 — v, O N ,O r.00 a CI •1 r •-. r -1 N Cr: P — n P O r- en 01 O^ 0 •n P 1 N r rl O c r- .7 7 •O r+ 'i0 — ri rJ P .0 Y O r r • O 7 :4 .0 7 0 _ r+ v. N , T , . , on 7 00 n n ✓ l p0 rl h 00 00 ■ P • T N 00 T 0 c P 0' 7 Y O\ o 00 a 7 O. n 0 h r N r 00 -t p 01 7 n ra a O en 7 mn 00 r a v r r. O• rn h 0' 7 ■ O S 21.302.986 S 2,346.807 S 10,377,228 CIO P 00 00 h N COw r! w O CITY OF LINO LAKES, MINNESOTA RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE TO THE STATEMENT OF ACTIVITIES Year Ended December 31, 2005 Net Change in Fund Balances -Total Governmental Funds Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expenditures. However, in the statement of activities, assets are capitalized and the cost is allocated over their estimated useful lives and reported as depreciation expense. Capital outlays Contributed capital assets Loss on disposal of capital assets Proceeds from sales of capital assets Depreciation expense The governmental funds report bond proceeds as financing sources, while repayment of bond principal is reported as an expenditure. in the statement of net assets, however, issuing debt increases long -term liabilities and does not affect the statement of activities and repayment of principal reduces the liability. Also, governmental funds report the effect of issuance costs, premiums and discounts when debt is first issued, whereas these amounts are deferred and amortized in the statement of activities. Interest is recognized as an expenditure in the governmental funds when it is due. In the statement of activities, however, interest expense is recognized as it accrues, regardless of when it is due. The net effect of these differences in the treatment of general obligation bonds and related items is as follows: 814,226 1,581,610 (9,236) (280,269) (2,751,516) S 5,825,395 (645,185) Issuance of general obligation bonds (9,305,000) Issuance of equipment certificates (107,000) Bond premium (176,231) Bond issuance costs 96,101 Repayment of bond principal 2,016,000 Interest expense for general obligation bonds (52,226) Amortization of bond issuance costs (5,244) Amortization of bond premium 3,376 Amortization of bond discount (398) (7,530,622) Delinquent and deterred property taxes and special assessments receivable will be collected subsequent to year -end, but are not available soon enough to pay for the current period's expenditures, and therefore are deferred in the governmental funds. Deferred revenue - December 3 I, 2004 Deferred revenue - December 3 I, 2005 In the statement of activities, compensated absences are measured by the amounts earned during the year. In the governmental funds, however, expenditures for these items are measured by the amount of financial resources used (essentially, the amounts actually paid). During fiscal year 2005, compensated absence payable increased. Change in Net Assets of Governmental Activities The accompanying notes are an integral parr of these basic financial statements. 4,595,455 9,974,886 5.3 79,431 (42,791) S 2,986,228 CITY OF LINO LAKES, MINNESOTA STATEMENT OF NET ASSETS - PROPRIETARY FUNDS December 31, 2005 Water Totals Sewer 2005 Assets Current assets: Cash and cash equivalents S 1,759,526 S 3,498,064 S 5,257,590 Accounts receivable 130,602 170,161 300,763 Special assessments receivable: Due from county 708 708 1,416 Prepaid items 5,145 5,950 11,095 Total current assets 1,895.981 3,674,883 5,570,864 Non- current assets: Special assessments, long term 147,489 - 147,489 Capital assets: Construction in Progress 356,061 356,061 Buildings 48,690 48,690 Equipment 105,935 160,042 265,977 Water and sewer systems 17,198,789 19,895,691 37,094,480 Total capital assets 17,709,475 20,055,733 37,765,208 Less: allowance for depreciation (3,202,712) (3,794,672) (6,997,384) Net capital assets 14,506,763 16,261,061 30,767,824 Total noncurrent assets 14,654,252 16,261,061 30,915,313 Total assets 16.550,233 19,935,944 36,486,177 Liabilities Current liabilities: Accounts payable S 30,982 S 4,612 S 35,594 Salaries payable 2,917 2,840 5,757 Contracts and retainage payable 15,860 - 15,860 Other accrued liabilities 1,510 - 1,510 Accrued interest payable 59,786 59,786 Bonds payable - current portion 295,000 - 295,000 Compensated absences payable - current portion 8,937 8,937 17,874 Total current liabilities 414,992 16,389 431,381 Non- current liabilities: Bonds payable - long term 2,130,000 - 2,130,000 Compensated absences payable - long term 4,813 4,813 9,626 Total noncurrent !iabilities 2,134,813 4,813 2,139,626 Total liabilities 2,549,805 21,202 2,571,007 Net assets Invested in capital assets, net of related debt 12,081,763 16,261,069 28,342,832 Unrestricted 1,918,665 3,653.673 5,572,338 Total net assets S 14,000,428 S 19.914,742 S 33,915,170 The accompanying notes are an integral par, of these basic financial statements. CITY OF LINO LAKES, MINNESOTA STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET ASSETS - PROPRIETARY FUNDS Year Ended December 31, 2005 Water Totals Sewer 2005 Operating revenue: Charges for services S 918,409 S 1,319,849 S 2,238,258 Hook -up charges 53,510 41,910 95,420 Water meter sales 57,276 57,276 Other operating revenue 1,980 - 1,980 Total operating revenue 1,031,175 1,361,759 , 2,392,934 Operating expenses: Personal services 153,940 155,575 309,515 Materials and supplies 158,992 49,608 208,600 Contractual services 27,316 49,974 77,290 MCES sewer charges - 541,039 541,039 Depreciation 338,451 390,628 729,079 Utilities 48,114 23,241 71,355 Other 16,927 7,760 24,687 Total operating expenses 743,740 1,217,825 1,961,565 Net income (loss) from operations 287,435 143,934 431,369 Other income (expense): Investment earnings 36,105 84,205 120,310 Special assessments 13,239 1,006 14,245 Bond interest (131,327) - (131,327) Paying agent fees (1,525) (1,525) Total other income (expense) (83,508) 85,211 1,703 Net income before contributions and transfers 203,927 229,145 433,072 Contributions and transfers: Contributions from private sources 771,360 948,170 1,719,530 Transfer from capital projects fund 304,195 304,195 Total contributions and transfers 1,075,555 948,170 2,023,725 Nct income (loss) 1,279,482 1,177,315 2,456,797 Nct Assets - January 1 12,720,946 18,737,427 31,458,373 Net Assets - December 31 S 14,000,428 S 19,914,742 5 33,915,170 The accompanying notes are an integral part of these basicfinancial statements. Iv -10 CITY OF LINO LAKES, MINNESOTA STA'I'liMENT OF CASH FLOWS - PROPRIETARY FUNDS Year Ended December 31, 2005 ('ash flows from operating activities: ('ash rcccipts from customers Cash paid to suppliers ('ash paid to employees Nct cash flows from operating activities Cash flows from noncapital financing activities: Transfer from capital project funds Net cash flows ti-om noncapital financing activities Water Totals Sewer 2005 S 1,027,184 $ 1,347,529 S 2,374,713 (221,978) (686,732) (908,710) (162,685) (161,657) (324,342) 642,521 499,140 1,141,661 304,195 - 304,195 304,195 304,195 Cash flows from capital and related financing activities: Principal paid on revenue bonds (280,000) - (280,000) Collection of special assessments 34,989 303 35,292 Interest and paying agent fees on revenue bonds (132,852) (132,852) Acquisition of capital assets (356,081) (2,794) (358,875) Net cash flows from capital and related financing activities (733,944) (2,491) (736,435) Cash flows from investing activities: Interest on investments 36,105 84,205 120,310 Net increase in cash and cash equivalents 248,877 580,854 829,731 Cash and cash equivalents - January 1 1,510,649 2,917,210 4,427,859 Cash and cash equivalents - December 31 8 1,759,526 S 3.498,064 S 5,257,590 Reconciliation of operating income (loss) to net cash from operating activities: Operating income (loss) $ 287,435 S 143,934 $ 431,369 Adjustments to reconcile operating income to net cash flows from operating activities: Depreciation 338,451 390,628 729,079 Change in assets and liabilities: Decrease (increase) in receivables (3,991) (14,230) (18,221) Decrease (increase) in prepaid items 293 172 465 Increase (decrease) in payables 20.333 (21,364) (1,031) Net cash flows from operating activities $ 642,521 S 499,140 S 1,141,661 - Water lines in the amount of S771,360 were contributed to the Water Fund in 2005. - Sewer lines in the amount of 5948, 170 were contributed to the Sewer Fund in 2005. The accompanying notes are an integral part of these basic financial statements. Iv -11 CITY OF LINO LAKES, MINNESOTA STATEMENT OF NET ASSETS - FIDUCIARY FUNDS December 31, 2005 Assets Cash and investments Deposits receivable Totals 2005 S 1,380,493 10,520 Total assets S 1,391,013 Liabilities Accounts payable Deposits payable S 88,580 1,302,433 Total liabilities S 1,391,013 The accompanying notes are an integral part of these financial statements. IV -12 F F' O Z u m S_ zio ▪ N < Yv .2▪ zun OZo , M-6, Ow Y UZo SUMp1Apy QF SIGNIFICANT ACCOUNTING POJACIES (5CONTINS)FDl U 0. B. BASIC FINANCIAL STATEMENTS (CONTINUED) 1. Government -Wide Statements (Continued) FINANCIAL REPORTING ENTITY The City reports the following major governmental funds: IV -13 O. B. BASIC FINANCIAL STATEMENTS 1. Government -Wide Statements It h OZ Z z < ;< Z.n <Oo n ii yuE -c o UZp z z m 2 2 e charges that are used to fin 'o V, a z � z w < iA <E s? ,O^ Ova.° y"' `-0 v UZO NIFICANT ACCOUNTING z Z O ral z F O yr ,..27,t' c r ii O m O. i _ O O m U --14;,E T w `° C _ _ it! _ _ D ! 31! = V_ 9 . L a T g 3 m e U ° v n u.- c= .c E u u >7—.5 c c c s_+ .. .= E!' = w O O u n > v u °„ c u D it--.4., cY - .151'. c .6A t0__ ,-60.-6 c =' e E ° 4 ' Y ° 0,„.5 C w e B E Z °_, Y 8.8-f; D r .T=. Z =° v c a '''E' 9 'm r o Z ° `L c 3�'n �Y S ° U E u o D a 211 1 p 3 u -4 T N Y t C - 6Y. i.. ,Q a D E c t Y e ..V 1' W O = 'N O ° m W T O Em-°" e _- , c Y a a G. m m _ r. • d � C O Y- E> v O O n m w , . I E °- ' > i c a U D u Y O = O c ..5 6 0 0 N N G .D Y O L ,2= C.) C a = n L3 .- U _ du 23 -1 .e r oo a ri IV -15 - ) z 2 9 41-� Tiff }2 °f { - .9 5 9 3 - r■,4 22 §= < _ E /)} 95 9§£ m . }I \\ = ( /«( }f)/ } » } § _ E})[ /)f \\\ ( §)\ f }\ , / g k)kj !\ _& \ i• \2 CONTINUE :01 y d • IV-16 Y y lea > z C H 0• 2 w At December 31, NOS, the City's investment balances were as folio Cash Investments Held by Trustee — F Mutual Funds POSITS AND INVESTMENTS Deposits The City maintains a cash and investment pool that is available for use by all funds. Each fund type's portion of this pool is displayed on the combined balance sheet as "Cash and Temporary Investments." In accordance with Minnesota Statutes the City maintains deposits at financial institutions which are authorized by the City Council. of < N Investments Held with Broker — Interest Rote Risk > 00 3 L O C C O" O O C 2 E- r A E 3 " Y L . 0 ? 0 ' C O w f' L u c ,n 6 C o L L 00 0 7 _u u t L 5 t i C? L O 2-2'5 .. O 'O 0 -` Y 8 C O p C O u L �O 0 O C C 000 0 0 o Y • . =12 2- 0 Ro - e 0u? 5 u = O m p O '° T 5 O C.• 0 A- 0 o O Y ` 5= o •° - G c v ie y Y u 4 2 7 O Ts .s07'6 v.° W Y A m ` U1 s ` u O 7 O i< a a u 0 Y j L 7 C 'j L ✓ O L en .E Q' < a v ...1 Q z2 IV -17 fg o e ^: f 0 c rooms O 9 00 Z.88; Z F pz m Z u: < 21- Ch J Y v oz, �Ov Y F v UZO >0 � r 2 3 O O 3 ;.% 4-4 to n = 5 O O .ri .G g 3 � m • ^ o en en s. 2 • ? .E _ 2 D c A .0 = W W .5 e t 3 <_ - c E v < E c Z Z Z F %c, C O d 4 m C 9 u 'g - o n y m < _'1m 6m Y ai r A O u T s4-6 M L v_ _ - 2.6 4 'a - - V o= s v ti c 3 m s s V o a� F. o O E - L Y Z Y 0 •o v y ae < m 2._ _a.. =2= Te 53o> g,c.E me 0 V E _ � U,2 `o E C_° N n 0 - h O n § E IV -18 k z !! !§ !! ) Note 4 CITY INDEBTEDNESS City indebtedness at December 31, 2005 is composed of the following: z. lig ■!#§;!§!■§ 2®§!®/ §§ | §!#§ § § § §§ Z..- Z. : - „, .k \kkkk /& \ \ \%Ef\ \$$ f 2 k ) LIE,X4 F,i *4i !a. 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N C N Y d V C = c am � T� � d � � r !!!! 47 '= c N.0 n E o-- '= T t?Cu006°.3V Z2V OU lOg r `.G • p V M `Y a- _ v 2. tt� n a_ L Y - c.- aCi o =L'.O. Otn n�c „.n ..... ' Fn IV -20 - Q • • F0 OZ uw Z 2 z 0 OZo -O5 000 yw t- O u UZ0 ti) Z 0 z 0 C V V .�J 0 H — C j t o O o C m„ C C m _ m'a 4t u n C O C C �- O 'C O E q "CiW1 _° o uc ` c vc n '= `c_ v 'u' 2 o D m . o o n E S E c E glE- - N u u F 7 E � pu G u Y C `N v q o. C -a y u -'6„ T ..L ` `a o u _ O T — ▪ 2ov`'oo,o O ctnv h D u 6 m m u 3 Y o . .2 un C u d u ms EU 5U c 2.` N'm ° °vu a - r4'00 _ Y• •Q.o c.3 '3 uy._M T N O ^� ▪ C u� d n C u M nN U •�-� A' s'a`o 2cu2s °'m -oU eE`'z „a.n e aN L sv V E o oNO-S Q v M H y rss, N • e • D n ay c a e ° -o o' 't32`W ct c O " N COUNCIL ENVIRONMENTAL SERVICES Z D 550.)5.;Q i'• ,2 u „ .i F • 2 t ° � c ?`o c o c 2 m i N. O g 0 V U N °N °g 2' m .o U i. 5) O „ U C ? m A i-'. U V o'o n „M c n� a u ° ` v o o ->` m UM 5 . u r y `o 3' 3.3i=Tv U t o 2 a a1-4 i — „ y = m O 2"oV'5Lc5 „CL_ 2 y 7...Z J U E o '^U —° C1 =>L.o i. Z O y '„ c TL < — _ ^ 0.9. n 2 > o c Z u Ili; i U �1_o Q i E V T O 0 L r. C 3 N O O °1 _„ a L 9 Y 0 5.5'55 -ny y : v „ an,_ E _ .j m.o < ° L 5 ° O d t i - O O- U g o E ;7,-2 C'E P 2 c 75 '15 C „ ea CE P _ 0 t c .o c E m a_ `u m c '_ ° u c �c A a o u °„ lv° 2 v m 7.. F IV -21 Nh N_ ,,0 TO'0' -0 '000- - '0- -1- t-NOt .n '0 f` 1�- -00T.G e0 - ^ n morn „ - 50 - VI O Y n m N m ea a , P Q P n'0 Q M levies, special assessment levies, tax increments, Note 15 RISK MANAGEMENT Note 12 SHARE IN GAS FRANCHISE PROFITS 00 00 y VD b L 1 u O c '2 u Q. Cyy Q. u 5 H H Li c u 5 5 s 2 0 cc .9 u w c u > "' b col L c > U ` - a v_ c .5 N m Z 2 h c w O O Y p. N 0 w V a ._ to m: Ga p n o E .t., 2. y u .J C iv O V ° o r E u u oo me c u a N O 2 'O II y S c ° ..x > w .0 u 0 9 u .6 o 5 t:] '° a C T .O. 4, u u O. yO O N C bp �'O > N ,U_ 0 0 u _ 4) 0 0_ L > 'J H F •0 a C N o 0 c 3 tz o u v ^' r. z 3g 5 t . U N u > C0 s uu u f" n T Z .. m m O . w N 00 o en I� h to %0 ' O 0 N V/ 00 'o H CT o rn vi H V.1 N 0 T N as a r g IV -22 O O 0 0 0 O O O O O h h h O N N N h N H CITY OF LINO LAKES, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2005 Note 17 LEASE COMMITMENT (CONTINUED) The prorated carrying value of the building being leased is as follows: Building Less Accumulated Depreciation $ 929,970 (185,994) Net $ 743,976 Note 18 JOINT FIRE VENTURE The Centennial Fire District (the District) was established under a joint powers agreement between the City of Lino Lakes and two other cities. The general purpose of the District is to provide fire protection services including, but not limited to, fire prevention, firefighting and rescue service. Each member city is entitled to appoint two commissioners to the District's Board. Each calendar year participating cities are to pay the District its share of the total operating and capital budget in accordance with a funding formula contained in Section VII of the joint powers agreement. The funding formula takes into account each city's average number of calls, population, and total market value. During 2005, the City of Lino Lakes' contributions to the District were as follows: Operating $ 390,951 Capital 68,500 Total $ 459,451 Separate fmancial statements of the District can be obtained by contacting the Centennial Fire District. The audited condensed financial statements of the District as of December 31, 2005 are as follows: Total Assets $ 940,773 Total Liabilities 138,584 Total Net Assets 802,189 Total Operating Revenue 611,916 Total Operating Expenses 658,499 IV -23 AWARD: SALE: 1 Springsted Springsted Incorporated f 380 Jackson Street, Suite 300 Saint Paul, MN 55101 -2887 Tel: 651 - 223 -3000 Fax: 651 - 223 -3002 Email: advisors CP springsted.com www.springsted.com $3,025,000* CITY OF LINO LAKES, MINNESOTA GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN REFUNIDNG BONDS, SERIES 2006E (BOOK ENTRY ONLY) CITIGROUP GLOBAL MARKETS, INC. UBS SECURITIES LLC CRONIN & COMPANY, INCORPORATED WACHOVIA SECURITIES October 23, 2006 Moody's Rating: Aa3 Bidder Interest Rates Price Net Interest True Interest Cost Rate CITIGROUP GLOBAL MARKETS, INC. UBS SECURITIES LLC CRONIN & COMPANY, INCORPORATED WACHOVIA SECURITIES PIPER JAFFRAY COMPANIES Wells Fargo Brokerage Services, LLC 4.00% 2010 -2018 $3,025,615.80 4.00% 2010 -2018 $3,014,470.85 $946,434.20 3.9976% $957,579.15 4.0537% REOFFERING SCHEDULE OF THE PURCHASER Rate Year Yield 4.00% 2010 3.58% 4.00% 2011 3.60% 4.00% 2012 3.65% 4.00% 2013 3.70% 4.00% 2014 3.75% 4.00% 2015 3.85% 4.00% 2016 Par 4.00% 2017 4.05% 4.00% 2018 4.10% Subsequent to bid opening, the issue size decreased from $3,025,000 to $2,990,000. BBI: 4.33% Average Maturity: 7.827 Years Public Sector Advisors AWARD: SALE: Springsted Springsted Incorporated 380 Jackson Street, Suite 300 Saint Paul, MN 55101 -2887 Tel: 651 - 223 -3000 Fax: 651 - 223 -3002 Email: advisors @springsted.com www.springsted.com $1,745,000* CITY OF LINO LAKES, MINNESOTA GENERAL OBLIGATION WATER REVENUE REFUNDING BONDS, SERIES 2006F (BOOK ENTRY ONLY) WELLS FARGO BROKERAGE SERVICES, LLC October 23, 2006 Moody's Rating: Aa3 Bidder Interest Rates Price Net Interest True Interest Cost Rate WELLS FARGO BROKERAGE SERVICES, LLC PIPER JAFFRAY COMPANIES STIFEL, NICOLAUS & CO., INC. RBC CAPITAL MARKETS CITIGROUP GLOBAL MARKETS, INC. UBS SECURITIES LLC CRONIN & COMPANY, INCORPORATED WACHOVIA SECURITIES UMB BANK, N.A. GRIFFIN, KUBIK, STEPHENS & THOMPSON, INC. 3.55% 2008 -2009 3.60% 2010 -2011 3.625% 2012 3.75% 2008 -2010 4.00% 2011 -2012 4.00% 2008 -2012 4.00% 2008 -2012 4.00% 2008 -2012 3.75% 2008 -2012 4.00% 2008 -2012 $1,740,986.50 $222,930.69 3.6671% $1,752,735.45 $229,770.80 3.7609% $1,755,730.20 $1,755,719.70 $1,755,649.75 $1,741,510.00 $1,744,566.79 $232,519.80 $232,530.30 $232,600.25 3.8038% 3.8040% 3.8052% $231,536.88 3.8083% $243,683.21 4.0032% REOFFERING SCHEDULE OF THE PURCHASER Rate 3.55% 3.55% 3.60% 3.60% 3.625% Year 2008 2009 2010 2011 2012 Yield 3.53% Par 3.56% 3.58% 3.60% Subsequent to bid opening, the issue size decreased from $1,745,000 to $1,740,000. BBI: 4.33% Average Maturity: 3.485 Years Public Sector Advisors • • AGENDA ITEM 3 A STAFF MEMBER Daniel Tesch, Director of Administration DATE 23 October 2006 SUBJECT Community Service Officer VOTE REQUIRED 3/5 BACKGROUND The promotion of William Owens to the position of police officer has left a vacancy in our Community Service Officer (CSO) program. Terina Peterson has been acting on a temporary basis as CSO for approximately six months. Our recommendation at this time is to offer this part-time position to Ms. Peterson. OPTIONS 1. Offer Terina Peterson the position of part-time Community Service Officer 2. Deny the offer RECOMMENDATION Number One. • • • STAFF ORIGINATOR DATE TOPIC AGENDA ITEM 4A David J. Pecchia, Public Safety Director October 23, 2006 Centennial School District Contract for Youth Resource Officer VOTES REQUIRED: 3/5 r 11 11111 1111 1 !BACKGROUND L111111ii!!i.1 The Lino Lakes Police Department is requesting that the Lino Lakes City Council renew the Youth Resource Officer Service Agreement with the Centennial School District for the 2006/2007 School year. See attached agreement for further details. r!! i I!! 1 1 '1 !OPTIONS 1 L i ! ! ! ! ! 1. Approve request to renew the Youth Resource Officer Service Agreement with the Centennial School District. 2. Return to staff for further review and consideration. 111111111111111111-1 'RECOMMENDATION L!!!ii!!i!!!i!!!!i� Approve request. YOUTH RESOURCE OFFICER CITY OF LINO LAKES /CENTENNIAL SCHOOL DISTRICT SERVICE AGREEMENT This Agreement is made this 14th day of August , 2006, pursuant to M.S. 471.59 by and between the City of Lino Lakes (City) and Independent School District #12 (School District). 1. PURPOSE The City of Lino Lakes and the Centennial School District wish to participate in a Youth Resource Officer Program. Both the City and the School District agree that a more formalized approach to the Youth Resource Officer Program is needed to improve understanding and promote mutual respect between police, school, staff, counselors, parents and students. The purpose of this Agreement is to set forth in writing the terms and conditions of the mutual duties and obligations and to create, fund and implement the position of Youth Resource Officer. 2. FUNDING The School District will fund the following expenses in connection with the Youth Resource Officer: Officer's salary and related benefits are estimated at $57.,104.64 for the 2006 -07 school year ($54,635.44 for the 2005 -06 school year) (see attached detail sheet for the cost breakdown). This expenditure shall be determined by the number of hours assigned to the school district. The hourly rate for 2006 -07 shall be $41.26 (2005- 2006 shall be $39.48). The School District officials and Lino Lakes Police Chief shall determine the specific days/hours of work. 3. SERVICES The City shall provide the services of one licensed police officer and related support services and supplies to assist the School District in establishing a Youth Resource Officer Program. The Officer will have primary responsibility in serving as a resource person to faculty, classroom members and school administrators in the promoting of positive juvenile behavior. The School District agrees to provide adequate office space, telephone and other reasonable clerical support services. This officer will not act as an education or related service provider under the Individuals with Disabilities Education Act or related state law for any student. 4. PAYMENT The City shall provide billing to the School District for services provided in this Agreement on a quarterly basis. 5. TERM This Agreement shall commence on the 5th day of September, 2006, and shall end on/or about June 7, 2007. Thereafter, it shall be renewed on a yearly basis by mutual agreement. This Agreement may be canceled by either party by a 30 day written notice. -93- Police Liaison Agreement Page 2 6. GENERAL PROVISIONS It is expressly agreed that the Youth Resource Officer is a City employee and shall not be considered an employee of the School District for any purpose including but not limited to salaries, wages, other compensations or fringe benefits, Workers Compensation, Unemployment Compensation, P.E.R.A., Social Security, Liability Insurance, keeping of personnel records, termination of employment, individual contracts or other contractual rights. The City shall assume all liability for the actions taken by the Officer in the performance of his/her duty as a Peace Officer. The Officer will report to and be directed by the Chief of Police, but will consult regularly with School District Officials. Resolution of unforeseen problems arising in this program shall be negotiated by representatives of the School District and the Chief of Police. 7. SCHEDULING The duty hours of the Youth Resource Officer are flexible and will be primarily coordinated with the school day and activities. The Officer will make daily contact with the Police Department for the purpose of keeping abreast of incident reports and other City activity. During non - school periods, the Officer duties and schedule will be determined by the City. 8. DISCRINIINATION The City and School District agree not to discriminate in providing services under this Agreement on the basis of race, sex, creed, national origin, age or religion. IN WITNESS WHEREOF, THE PARTIES HAVE EXECUTED THIS AGREEMENT THE DAY AND YEAR FIRST WRITTEN ABOVE. City of Lino Lakes Centennial School District #12 Chief of Police City of Lino Representative STAFF/ 8- 14- 06Po1iceLiaContractLinoLakes Worner, Superintendent Dennis Halverson School Board Chairperson Suz. 3 uthmueller School Board Clerk City of Lino Lakes School Liaison September 5, 2006 through June 7, 2007 2006 -2007 Wages Annually Salary $60,958.00 2006 -2007 Benefits Holiday Pay 5,011.45 PERA 2006 — 10.50% 2007 — 11.70% 2,371.50 5,128.55 Medicare 1.45% 956.56 Health Insurance 680 8,160.00 Life & Long -Term Disability Insurance 18.79 225.48 Dental 10.00 120.00 Worker's Comp 3.47/$100 2,220.47 Uniform 670.00 Total Benefits $24,864.00 Total City Cost $85,822.06 Total Hours per year 2,080 Avg. School Term is 173 days (1,384 hours) 1,384 Hourly Rate: $41.26 Cost to School: (1384 x $41.26) $57,104.64 -95- N a 0 a 0 r • Legal Description: That part of Industrial Boulevard as dedicated in the plat of LINO INDUSTRIAL PARK, Anoka County, Minnesota, which lies south of the southerly right of way line of Lilac Street as dedicated in said LINO INDUSTRIAL PARK. GRAPHIC SCALE 200 0 100 200 1 inch = 200 ft. 'ORNER >7 ANOKA COUNTY SURVEYIR COUNTY STATE AID HIGHWAY NO. 153 184.77 u 6 O 0 [7] 163.78 155.00 150.00 LINO 155.00 u 4 0 O o [5] 150.00 458.78 7 [8] 458.28 1 O 0 O 8 [9] 457.78 0 a 9 PARK [10] 457.29 0 0 °o [4] 150.00 3 150.00 150.00 I 150.00 INDUS u 0 2 O o [3] 150.00 150.00 G O 0 [23] 8 150.00 47 150.00 366.01 160 0 o ▪ [7] 155.9E LO CV m [17] 10 [11] 456.79 0 0 0 [39] .4 AREA TO BE VACATED [33]Cam`- u 329.70 10.00 —f ,. all j4,1]I �� .1 t ' S [42] -7 • • AGENDA ITEM 4B STAFF ORIGINATOR: David J. Pecchia, Chief of Police DATE October 23, 2006 TOPIC Crime Prevention Month VOTES REQUIRED: Simple Majority x111111111111 1BACKGROUND j LI I11 111 IJ Staff is requesting that council acknowledge and read the attached proclamation in our support of recognizing October as Crime Prevention month in the City of Lino Lakes. rl1111111 -1 (OPTIONS 1 L 11111111J 1. Motion to Approve 2. Motion to Deny rlllilllllililllll1 1RECOMMENDATION L11111111iii iiii1J OPTION 1 - Approve support of Crime Prevention Month • • • Chief Pecchia announces that October is Crime Prevention Month. Please join the citizens of Lino Lakes in recognizing Crime Prevention Month 2006. PROCLAMATION CRIME PREVENTION MONTH 2006 WHEREAS, the vitality of our city depends on how safe we keep our homes, neighborhoods, workplaces, and communities because crime and fear diminish the quality of life for all; WHEREAS, crime and fear of crime destroy our trust in others and in institutions, threatening the community's health and prosperity; WHEREAS, people of all ages must be made aware of what they can do to prevent themselves, their families, neighbors, and co- workers from being harmed by drugs, violence, and other crime; WHEREAS, the personal injury, financial loss, and community deterioration resulting from crime are intolerable and require action by the whole community; WHEREAS, crime prevention initiatives must include but go beyond self protection and security to promote collaborative efforts to make neighborhoods safer for all ages and to develop positive educational and recreational opportunities for young people; WHEREAS, adults must invest time, resources, and police support in effective prevention and intervention strategies for youth, and teens must be engaged in driving crime from their communities; WHEREAS, effective crime prevention programs excel because of partnerships among law enforcement, other government agencies, civic groups, schools, faith communities, businesses, and individuals as they help to nurture communal responsibility and instill pride; NOW, THEREFORE, We, the Lino Lakes City Council members, do hereby proclaim October 2006 as Crime Prevention Month in Lino Lakes and urge all citizens, government agencies, public and private institutions, and businesses to recognize the power of prevention and work together for the common good. Julie Bartell, City Clerk -97- John Bergeson, Mayor • AGENDA ITEM 6.A STAFF ORIGINATOR: Paul Bengtson MEETING DATE: October 23, 2006 TOPIC: Resolution 06 -177 Amendment to the Planned Unit Development - Final Plan Lakewood Apartments BACKGROUND On October 24, 2005 the City Council approved Resolution 05 -161 (attached, with exhibits) which approved the PUD Final Plan for the Lakewood Apartments. Lakewood Apartments is a mixed use building consisting of first floor commercial with apartments also on a portion of the first floor, and the floors above. Hartford Group Inc. has requested to make some changes to the Lakewood Apartments project to address some issues that have come up while creating construction documents for the project. They are proposing the following changes: • Alter the elevations by removing the balconies and `balconettes' in favor of slider windows. • Add a third color to the palette • A revised central element to address the condition of approval requiring such. They have submitted revised elevations, and revised architectural renderings of the elevation. ANALYSIS Balconies: While staff is disappointed to lose the balcony elements which we had hoped would create visual interest and some opportunity to further portray activity. We recognize that these opportunities are probably equaled if not outweighed by the potential for negative impacts on the visual appearance of the building. The balconies would allow residents of the apartment building to store or display materials on the balconies that might detract from the overall aesthetic appearance being created within the Legacy at Woods Edge project area. Balconies are not required by the design standards so the removal of them could be approved without any need to revise the design standards. Color Palette: The third color being added to the palette does help to further accentuate the `bay' approach which is intended to create the look of multiple buildings built with zero lot lines. Staff supports the use of this third color. Central Element: The central element of the building has been differentiated from the other elements of the •building and therefore staff feels this proposal meets the intent of the condition of approval recommended by staff and approved by the City Council. Lakewood Apartments, page 2 PLANNING AND ZONING BOARD The Planning and Zoning Board unanimously recommended approval of this request at the October 11, 2006 regular meeting. RECOMMENDATION Staff recommends the adoption of Resolution 05 -161 approving the amendment to the Planned Unit Development Final Plan for the Lakewood Apartments. ATTACHMENTS 1. Resolution 06 -177 2. Resolution 05 -161 (Including approved exhibits) 3. Proposed Lakewoods Apartments Elevations, submitted October 5, 2006 4. Proposed Lakewoods Apartments Rendering, submitted October 5, 2006 -99- • • • Lakewood Apartments, page 3 Council Member introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 06 -177 RESOLUTION AMENDING THE PLANNED UNIT DEVELOPMENT — FINAL PLAN FOR THE LAKEWOOD APARTMENTS WHEREAS, on October 24, 2005 the City adopted Resolution 05 -161 approving a planned unit development final plan for the Lakewood Apartments. ;and WHEREAS, the City has received an application to amend the planned unit development — final plan approval for the Lakewood Apartments project on the parcel described as: Lot 1, Block 1, THE VILLAGE NO. 4 ; and WHEREAS, the amendment approval request is based on the following submittals: 1. Lakewood Apartments Elevations and Architectural Renderings, submitted October 5, 2006. ;and WHEREAS, at their meeting on October 11, 2006, the Planning & Zoning Board recommended approval of the planned unit development — fmal plan amendment. ;and WHEREAS, the proposed planned unit development — fmal plan amendment meets the requirements of the City's zoning ordinance, subdivision ordinance, the Lino Lakes Town Center Design and Development Guide, and the conditions of approval listed in Resolution 05 -161. NOW, THEREFORE, BE IT RESOLVED that the City Council of Lino Lakes hereby approves the planned unit development — final plan amendment for the Lakewood Apartments subject to the following conditions: 1. With the exception of condition number 10, which is satisfied by the revised elevations and architectural renderings submitted on October 5, 2006, the conditions of approval of Resolution 05 -161 shall continue to apply to this project. Passed by the Lino Lakes City Council this 23rd day of October 2006. John J. Bergeson, Mayor Lakewood. Apartments, page 4 ()ATTEST: Julie Bartell, City Clerk Adopted by the Lino Lakes City Council this 23rd day of October, 2006. The motion for the adoption of the foregoing resolution was duly seconded by Council Member and upon vote being taken thereon, the following voted in favor thereof: The following voted against same: Whereupon said resolution was declared duly passed and adopted. • • Lakewood Apartments, page 5 CITY OF LINO LAKES RESOLUTION NO. 05-161 RESOLUTION APPROVING THE PLANNED UNIT DEVELOPMENT — FINAL PLAN FOR THE LAKEWOOD APARTMENTS WHEREAS, the City has received an application for a planned unit development — fmal plan approval for property currently described to -wit: ;and Outlot A, THE VILLAGE NO. 3, Anoka County, Minnesota. WHEREAS, the City has approved a fmal plat entitled THE VILLAGE NO. 4, which will create the parcel on which the Lakewood Apartments is proposed to be constructed. This parcel will be described as: Lot 1, Block 1, THE VILLAGE NO. 4 ; and WHEREAS, the planned unit development — final plan approval request is based on the following submittals: 40 2. Lakewood Apartments Plan Set received September 27, 2005. 3. Village No. 4 Final Plat received September 7, 2005 ;and WHEREAS, at their meeting on October 12, 2005, the Planning & Zoning Board recommended approval of the planned unit development — fmal plan subject to the conditions listed in the meeting minutes; and WHEREAS, the proposed planned unit development — final plan meets the requirements of the City's zoning ordinance, subdivision ordinance, and the Lino Lakes Town Center Design and Development Guide subject to certain conditions of approval. NOW, THEREFORE, BE IT RESOLVED that the City Council of Lino Lakes hereby approves the planned unit development — final plan for the Lakewood Apartments subject to the following conditions: 1. A site performance agreement between the city and the developer must be completed prior to the issuance of building permits. 2. Issues discussed in the S.E.H. engineering review memo must be addressed to the satisfaction of city staff. 3. Operation and maintenance agreements for the site, including provisions for stormwater facilities, must • be submitted for review by city staff prior to the issuance of building permits. • • • Lakewood Apartments, page 6 4. All parking lot lighting fixtures and poles shall be painted to complement the city's decorative street lighting; shall be mounted to round lighting poles measuring no more than twenty feet in height; shall be mounted to a concrete base no higher than twenty -four inches above the surrounding grade; and shall be located within landscape planter islands. 5. A revised lighting plan indicating the above required fixture changes, and the relocation of the luminaire near the north entrance drive further east to avoid a conflict with the garage opening must be submitted prior to the issuance of building permits for the site. 6. The final plat for the project (Village No. 4) must be approved prior to City Council approval of this building. 7. The developer must work with staff to identify the most appropriate location for bicycle parking within this block of the development. 8. A full recycling plan must be submitted for staff review prior to this item being heard by the City Council. 9. A minimum 2 inch deep window trim must be provided in accordance with the development standards for the site. 10. The developer is required to add an additional architectural element to the central portion of the building to further strengthen the presence of the corner. 11. All units within the residential portion of the building are required to be supplied with uniform internal window treatments that will complement the architecture of the building. 12. The landscape plan shall be revised to indicate four shrubs per tree within the north planter island (adjacent to the Interstate 35W right -of -way). 13. All landscaped and sodded areas must be irrigated. Passed by the Lino Lakes City Council this 24th day of October 2005. ATTEST: Jean Viger, Deputy City Clerk John J. Bergeson, Mayor ftpp(toveto 111111111111111111111 1111111111111111111111111' 11111111111111111111 111111111111111111111111111111 111111111111M 111111111111111111111111111 Ell MANN We itetskrli MIS J 1 _®.. ff+a` ® MEM • PO ',,,,t, • • m .ir ..."'••••••• N. IWmP Y` dt `f 111* ` Alm 6 ti. ►i!nom *"� 1ST FL RETAIL 14.600 S.F. s. 1� 1ST -4TH FL RESIDENTIAL (60 UNITS) + 1ST FL: 9,300 S.F. 2ND -4TH: 22,300 S.F. PER FLOOR A.N NAA SITE: 115,139 S.F. (2.64 ACRE) e •j 1/r W r 3 /4C 0 TOOLED CONTROL JOINT (Mt. 5' D.C. 7YP.) W/ 1 /4' RADA UM BROW FN IS H PERPENDICULAR TO TRAFFIC WON ErDOVIEDE 5100,14 TROWELLED S CONCRETE AS SPEGN¢D W1.6 X W1S CORE MESH NV MARS AS SPECIFIED 6 CULLS 5 AGGREGATE BASE CONCRETE DETAIL NOT TO SCALE WALK OG20 COMPACTED 91BGRAOE NODES: 1. SEE LAYOUT 5RAWN05 FOR UNITS OF WALLS. 2. 1/r NOE EXPANSION JOIN AT CUM 3. WIRE 1E94 MOORED MR WALKS 6' WOE OR N LOGTIPIS FOR VEE000LWt TRAFFIC CDC WM ,477- 4t SLOPE ."H' 5.00' 416 LEVEL LANDING 1.55 MAX. CROSS SLOPE FOR DRAINAGE ACCESSIBLE CURB RAMP DETAIL \ 1 NOT TO SCALE CLO 1 RECE E SEP 2 7 2005 CITY OF LINO LAKES FEARING COURSE TAGR COAT Y BASE COURSE Ir CLASS 5 AGGREGATE SUBBASE COMPACTED SUBCRA0E BITUMINOUS PAVEMENT DETAIL NO 7D SCALE CURB AND GUTTER (B618) DETAIL NOT 10 SCALE � r a 0 ]D NOTE 1. INSTALL CONSTRUCTION JOINTS AT 10'd 0.0. 4/- 2. BATE DEPTH DEFENDER UPON SOIL CONDITION$ 'LAYOUT AND PAVING NOTES: —vo- 1. CONSTRUCTION AND INSTALLATION SHAUL BE N ACCORDANCE WON CRT ORDNANCE. 2. LOCATIONS O STRICTURES. ROADWAY PAVEMENTS. CURBS AND GUTTERS. BOLLARDS. AND WALKS ARE APRt01®IA1E AND SHALL BE STAKED N 11@ READ PRIOR TO INSTALLATION FOR RENEW AND APPROVAL BY 111E ENONESiAANA5CAPE AR004155. 1 DECORATIVE PAVER LINTS AND LAYOUT SHALL BE STAKED N RE FIELD FOR REVIEW AND APPROVAL BY THE LANDSCAPE ARCHITECT. CONTRACTOR SHALL SUBMIT COLORS AND MAIENALS FOR REVIEW AND APPROVAL BY THE LAN05GAPE ARCHITECT. 4. OMEN90N5 SHOWN ARE 70 FACE OF CURB. BUILDING OMIX90N5 ARE TO FACE OF CONCRETE 700415161100. LOCATION OF BUILOINS ARE APPROXIMATE AND SHALL COOiDNAIE WITH ANTE ARCHITECTURAL DRAWINGS. S RE/ ES EBAN CURB RAIRS SHALL 60 CONSTRUCTED AT ALL ENTRANCES N ACCORDANCE 10 RE OTT ORDINANCE E PAAOSG STALLS 91AU. BE STRIPED NV A 4' AIDE NOTE PAINTED UNE. ACCESSIBLE ACCESS AIRES SHALL BE PANTED WN A 4' TOE MITE PANTED ERE: 16' ON CENTER AND AT 45' ANGLES TO RIE STALL STOP 1NE5 SHALL BE 24" VIDE NOTE PANTED LINE. T. HORIZONTAL AND VERTICAL ALIMENTS SHALL COORDNA1E NTN THE EDSRNO BENOHMARN AS INDICATED ON THE 9NVEY/EN157NC CONOTIOA ORATING. SON SCHEDULE' O HANDICAPPED PARING (L -344) k 8200 FINE (L -39). VA ACCESSIBLE (87 -8A) MOUNT BELOW MON A it NO PAWNING. LOADING zne ® RESIDENT PARKING ONLY 0STOP SON (R1 -1) INSTALL POSTS NT0 1 3/B' 014. CORE HOLE WTI NON -SHRINK GROUT, CRONN FOR ORMNAGE SEAL AS SPECIFIED (TYP.) B'r CONCRETE SIDE WALL HEIGHT / MO BE RUSH WITH NOS LP STAR 1/2- FADE EXPANSION JOINT vim SEALANT. 21. X 3/8' DIA. 51001 DOWEL RN SLEEVE ADRENALS VAR! SEE PLANS 6' ADOEENSE CRUSTED nowt) GRADE SPACE POSTS EQUALLY. 4' -0' MATONM 0.0. 1 1/2' DIA EWUSNED ALUMINUM POSTS AND RAIL 1/4' SEAM WELD JOINTS FURNISH AND INSTALL RAILING TO MATCH SLOPE OF STAIR RAILING DETA. :_I �Wl 1�•.1 SECTION MA' 11 _II -II ��.s 1j — 1' -O• 6 ) • I�jl a 504* DETAL • 44 REBAR SPACED 36' 0.C. (TV.) 1' CHAMFER ON (4) FOUR SIDES OF CURB WALL 46 MBAR SPACED iT 0.0 r CLEARANCE FINISHED GRADE IIE �IJ I STE WALL SEE ABOVE DETAAL 1/2' DAC RADIUS ON NOSE (TYP.) BROOM FINISH TREADS PERPENDICULAR 70 TRAFFIC 1) R ®A AT NOSE OF TREA (TIP.) t' BATTER TYP. SAS- I/O" WOE EXPANSION JOINT NTH SEALANT. 21 K 3/0' CA STEEL 00Rfl NTH SLEEVE MATERIALS VARY SEE PLANS FINISHED GRADE M REBA SPACED 12' 0.0. S CLEARANCE PA REBA (1) PER NOSE OF TREAD � .T� 0514060! SI��� AI — 5UBGRAE -11 11 III II7 1' CHAMFER (4) FOUR EDGES OF CURB WALL SM X Bit CONCRETE WALL �NYNORNL CEN7ERE0 RIM WALL 11) ONE PER SIDE OF STAR SEE ABOLE DETAIL STAR RISER MP.) THAN CONCRETE STAIR DETAIL NOT 70 SCALE FOR REVIEW ONLY NOT FOR CONSTRUCTION ®IMANIIMN...TI ®GOP NF. AGMCICIOS.691.11511/10.6 ARCHITECT/ENGINEER PLANNER HARTFORD Pago. 801.11y Ike NOP•4115 I — s0o Wl 4 6. .•i•ii' • MA imsN. sew P 4b 1.1.5.r l IIII G • 4.Y 4 goal. 1s8 1.Nm,. • ., . r r EN UN• 6>!OI CONSULTANT: OWNER LEGACY HOLDINGS -LL, LLC N56 -9 OW RT141itl PRO3ECT: LEGACY AT WOODS EDGE LAKEWOOD APARTMENTS LINO LAKES MINNESOTA ISSUE: II /15/05 GRIP .AMD4L 88/07/85 NY PO ern REV. THIS SHEET ONO REV. THIS SHEET SHEET TITLE: srlE LAYOUT AND PAVING PLAN SHEET NUMBER: C2.0 o VW> EMI Enrivintisi 111111111 11111 UIIII 111 .11 111 11111111111111111111:11111 MIMI '111' 1111111 TH1111111111111111 SEC SW 1/4.3 RR 31. ERUAG D ELEVATOR ©i SOUTH ELEVATION 5. SEC SRC 1/4.1 FOR ENI ACID ELEw901 SEE 5111 1 #43 nit MARCO) L11 ,410v I— SEE SM I/16.7 FOR DOMED EIEw1DM--1 IN NE.11( ;Omnil 1. m 11 1111111 1111111] I. 1,1111111 11 It11111� .11 nub. I11W 11II�I 1111111:II 11111111'L 111111 u■•• 11 nmr.i II .Inn. I •516 ID gE SM 1/167 FOR ERAROW EILw10N 2 SOUTH -EAST ELEVATION 5. WALL: ,/S• -V -O' IIIIIIIII IIIII!1111111111111 111111111' 1111111111111111111 IIIIIIIIIIIIIIIIIIII�IIIIIIIIII M AL: 1/6" -1' -0• 1111111111111111111111111111 Mt SIR 1 /A6.5 FOR S L Moan EILwRON 1-gC SM 1/467 Eq1 EJUIRED EEE•iWN --1 3 EAST-SOUTH-EAST ELEVATION 1E Sift Val FOR Sx OIVNCED EEEw61O1 hIII1ii''ii_ ;..- SCE SIR I /A63 FOR S16 Dump 11Ew110N RAE: 1/C =1' -O' • FOR REVIEW ONLY NOT FOR CONSTRUCTION ®ee..o.,.,,..DVIM GUM NL L..1.rense m osawr. ARCHITECT/ENGINEER PLANNER 1111 HARTFORD o -C. Mu Midi= 1.11j .'•F r .N P.. spe-Yln w;r'~r MK we a .y MP..0 weliln r. W r .r OW NNW RV.a.41V OWNER LLAH LTD PARTNERSHIP 0l0010.1eIIEEIM1 ®IM..E WYx= Na 10IIFxm PR47ECT PROJECT ROUSER: UREA -05020 LAKEWOODS APARTMENTS LEGACY AT WOODS EDGE V6LAGE,R.LL LRO LAKES, M. ISSUE 1 /5/]006 L. REV. THE SHEET ONO REV. THE SHEET SHEET TITLE 15F ELEVATION SHEET NUMBER A5.1 SEE SM 1 /AE3 FOR SILL EIUALE EIE■AION �i NORTH -EAST ELEVATION 5. Scat", 1/3•.1' —O• SEE SIC 1 /AU Fat AL WOOED EIEMININ WEST -NORTH -WEST ELEVATION 5 SE SA I/AS.1 TOR [AMOCO LLEvAS SE 90 V. FOR SL MOOED ED ELEWIOII c:1)WEST ELEVATION _am" inivisin ■1!._ ...... ���ullllii�lllllull�ilpliii�ii ■�, ��■ !IIIfIIIIIIIIIIiIIIIIIIIIIIIIIV W L: IX- 1• -0• !!0;IIII:.IiI.!'I._' 11 111 Jlili{I; IIII{I{IIIJIIII. =� ___.■ •_I SE SR 1/A .3 FOR SRL LRAM MEAD OR 1,1,�'11���'■ IIIIIIIII'lllllllllllfllllll 11.,111 �■■ 1•, imam 11= ■i,■■ M■ so S NMI Lull {lllIIIIIIlllll�lulllfll .; MIR 1111111111{{If!IIIIII 111111 111111111 :1111111111111111111 ■■ IlilllllIIIIIIIIIHh1Illilllll ■.■■, 1121 6ul {ull --jcl nm ■ ■ ■■ SE SM I /AF3 TOR SAL LARKED (LEWIN 4 NORTH ELEVATION 1I; 1113■• •■ rak:11 I nil■ ■ ® -'rte sm �■ 1■ 11■1 I Oft SE SNT I /AB.I TM LAMED ELEVAI SE SIR 1/AR3 FOR SM. MAMA L AGA ---I SGLE: 1/6• -1' -C vr? _i 7 2005 ARCHITECT/ENGINEER PLANNER HARTFORD r+..., a r. RI.. I -mr.+r • — — W. __ _,- Oly N.VRI....Itlb rar I. . el M AIM AWM. D '�� *we* Y I(!Q IL Yea OWNER LLAH LTD PARTNERSHIP ELINFRAUELEM N62FHI>m FAX RL1F .= PROJECT PROJECT NUMBER: AML-05020 LAKEWOODS APARTMENTS LEGACY AT WOODS EDGE vDtAtO mAE LNOL.AXE.? 1. ISSUE s /5/mw REV. THIS SHEET ONO REV. THIS SHEET FOR REVIEW ONLY NOT FOR CONSTRUCTION SHEET NUMBER: A5.2 'PR �P o SEA efn !€ �iti 1I j 51_11111_111 w - �wL iBlb me-11016r ME MINIM ISM INS 0= MIMI =` 8 WV &ISM NU Mal 11111M111111 al WISIFIIIIIIIMI Mal MR ill tlTw Aiiiiiiilleeilinale J/(0 4C 4.1_ 911 1/113 IR 9L BU® MYBII 0i SOUTH ELEVATION 5. SEE 90 1/K1 1R IMe® 19111110 II 91 1/11J 1R IMAGED 13111110 RL 90 1/47 1R DUN= I1.191-.1 11 111 11 1111111 1111111 1111111 11 111 11 1101111 1111111 1111111 1 11 11111 11 111 I' 1 01 1 9L 91 1/K7 100 011.10 0100= 5. 22 SOUTH -EAST ELEVATION .ff.r- • 1111 11111 1101 11111 1101111 •1111• •101111• 1111 mm /NM ■ ■i • ■■ ■■, ■■ •■ ■• r■■ ■■ ■■ ■ 11 ®1■L ■, Ewe I ®�, E §1�m- 111111E ■ I�fl1� 11! •• ■ ■,, ■■ ••I •• MI ■■ ■ ■, ■ ■I ■■ M•1111• -1- AEI ma IMMI 961Li 1/r.rd ■ ■I■■ MEMO -I-1 ■ ■I■■ ME ME 11 111 ■■ E 90 /BLJ IR Sr. 011011111 0110191 Ha 91 1/K7 Ka BUM I91921-1 33 EAST -SOUTH -EAST ELEVATION 5. 9L 90 I/K1 101 t 9019101 130118 91 91 1/1L1 IR 9L vet 1311•101 Salt lie.r-r ARCHITECT/ENGINEER PLANNER HARTFORD ✓ e M Nakao l.a.aR. ▪ 11.ame NW Miens d* elver al. .er be S. r r 1a II Pre Y_ Ilspaa V 0A CONSULTANT: OWNER: LLAH LTD PARTNERSHIP 1.100 WELLS .41317 71107 MD. AVENUE 50.1111 PROJECT: HUD PROJECT NUMBER: MHFA -05075 LEGACY AT WOODS EDGE LAKEWOOD APARTMENTS LINO LAKES MINNESOTA ISSUE: 1 /ls /mL- em MAIM. 1/17/1005- •1V PIR cm 10/14 /2005- ® sfl 1 1101 /2015- I0 MET 1 5/5/1000 - 001117 031• REV. THIS SHEET ONO REV. THIS SHEET SHEET TIRE: ELEVATIONS SHEET NUMBER: A5.1 PROPOSED © CORRIGHT =005, GIMP NErC.6airrIERS,0C0 o ARCHITECT /ENGINEER PLANNER HARTFORD 1 Way maf r No 44 wed 4.4 efmOm M R r.ern 11}4e104144 44 be b of lb. IL Roos rob.. 06 MD CONSULTANT: OWNER: LLAH LTD PARTNERSHIP 7900 .(1%15 AVENUE SOUTH PROJECT: HUD PROJECT NUMBER: IOWA -05020 LEGACY AT WOODS EDGE LAKEWOOD APARTMENTS LINO LAKES MINNESOTA ISSUE: O /is /2795- an' 5061790. ✓ 17/7905 - m P79 cm t0h4 /7979 - no 5= i sn /2006 - 00*007 ®R D REV. THIS SHEET 0 NO REV. THIS SHEET SHEET TITLE: ELEVATIONS SHEET NUMBER: A5.2 'PR GPDS Et • • • AGENDA ITEM 6B STAFF ORIGINATOR: Marty Asleson CITY COUNCIL MEETING DATE: October 23, 2006 TOPIC: Resolution No. 06 -178, Receive Quotes and Award Contract, 2006 Boulevard Tree Planting Project VOTE REQUIRED: 3/5 Vote Required BACKGROUND: Quotes for the 2006 Boulevard Tree Planting project were received and publicly opened on October 13, 2006. The results of the quotes are presented below. City Council action is required to award a contract to the lowest responsible bidder. Contractor Amount of Bid Midwest Landscapes $12,611.00 Fairs Nursery $13,940.00 Mickman Brothers $14,960.00 Great Northern Landscapes $15,970.00 Attached is a copy of the submitted quotes. The low bid was received from Midwest Landscapes in the amount of $12,611.00. The plantings will take place in several areas of the City including Clearwater Creek, Highland Meadows, Hailey Manor, Oakwood View, Ravens Hollow, Spirit Hills, Stoneybrook, Turnberry Crossing, and West Shadow Ponds. The funding for boulevard tree planting is provided by developer escrow funds. RECOMMENDATION: Staff recommends adoption of Resolution No. 06 -178, Accepting Quotes and Awarding a Contract to Midwest Landscapes for the 2006 Boulevard Tree Planting project. ATTACHMENTS: 1. Resolution No. 06 -178 2. 2006 Boulevard Tree Project Quotes • Council Member introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 06 -178 RESOLUTION ACCEPTING QUOTES AND AWARDING A CONTRACT FOR 2006 BOULEVARD TREE PLANTING PROJECT WHEREAS, the City requires the installation of boulevard trees in conjunction with each new residential development, and WHEREAS, the developer has provided funds for the planting of such trees, and WHEREAS, city staff has identified the number, type and location of boulevard trees to be planted for the respective developments, and WHEREAS, pursuant to a request for quotes for the 2006 Boulevard Tree Planting project, quotes were received, opened and tabulated according to law on October 13, 2006, and the following quotes were received complying with the request: Contractor Amount of Bid Midwest Landscapes $12,611.00 Fairs Nursery $13,940.00 Mickman Brothers $14,960.00 Great Northern Landscapes $15,970.00 • AND WHEREAS, Midwest Landscapes is the lowest responsible bidder; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LINO LAKES, MINNESOTA: 1. The Mayor and Clerk are hereby authorized and directed to enter into a contract with Midwest Landscapes in the name of the City of Lino Lakes for the planting of approximately 52 trees 2. The City Clerk is hereby authorized and directed to retain the next lowest bidder until a contract has been signed. John J. Bergeson, Mayor Julianne Bartell, City Clerk Adopted by the Lino Lakes City Council this 23rd day of October, 2006. The motion for the adoption of the foregoing resolution was duly seconded by Council Member and upon vote being taken thereon, the following voted in favor thereof: The following voted against same: Whereupon said resolution was declared duly passed and adopted. -105- i v / J. Ow 3. • • V J. 1 • SO, 3 [333 / 11.1. YV i 33[3[,YVVe73 i/V • • • M 1DWE• ST LANDSCAPES To: City of Lino Lakes ATTN: Marty Asieson 600 Town Center Parkway Lino Lakes, MN 55014 Project : Fail 2006 Trees 2.5" Lino Lakes, MN 55014 Description of Materials and Work to be Performed: Unit of Quantity Measure Description Unit Total Price Price 6 EA Burr OaI. 2.5" 15 EA Pin Oak 2.5" 2 EA White Oak 2.5" 6 EA American Linden 2.5" 8 EA Skyline Honeylocust 2.5" 5 EA Autumn .Blaze Maple 2.5" 4 EA Red Splendor Crab 2.5" 4 EA Accolade Elm 2.5" 1 EA Northwoods Red Maple 2.5" 1 EA Heritage River Birch 2.5" 52 EA Shredded Hardwood Rings Bid Notes: " All Oak Trees to be installed Spring 2007. 320.00 300.00 320.00 289.00 305.00 230.00 206.00 275.00 369.00 233.00 15.00 1,920.00 4,500.00 640.00 1,734.00 2,440.00 1,150.00 824.00 1,100.00 369.00 233.00 780.00 Total: $15,690.00 Proposal Accepted by: Date: Printed on 10/12/06 at 4:.1I'M lobe: 011874 Page 1 of 1 6221 Oakwood Ave. NE Otsego, I''_' 10 6 - PH: 763- 241 -1320 FX: 763- 241 -1340 UJ /40 /LVVO IV .44 rnn 10041313JVC • • n O z nllcicman LanosLaping c 71 c a70 c 5p mi ItI� je131.c?›_ I ;47�?17�I 1 •m� E� z$ g o 41 ! o a O to i Itu, i Z � -I � � t 1j 1_. is g ig is l ...1` m'1 mm i `n= �x I 3 NN cam, IC _ Cl to co 1n 3 m I I �� . I N c a Iii,• a' . 8 73 - 0 1 I Q- ,.� p! 3 A "� I m IgNI II . iFm CO co N —_ I�,�A_ j �cc��. r o -n� w I I aN CW.� NI v mr i I I I lO Z'¢,t -!ai i, Q s �I•- �' I 1 xI 1=i= w '� ^�I' j�i �I °I I I I 1 11 I I —i I� = N I I� 131 m 1 I I I I I 13 a;ip'i, NIA � flTT11 I � I . I- IE �ItD 1_ =1w 429 400 EA 40 ve 40 4A 46 EA MI �N �i 0' CD1 loj: N N N N N N N W w I O- 0)01 -J -J VOOC7 rr. U1 CT1 CT 01 01 01 01 01 01 C71I O ��. C X v Q I, --,..[ O O < 2w� g CD ••_� iH . -, o Im I' t Hq ' —'.1F �- 0 C ill .f. CD F AO ill �% `° to 1 Q1 N V d7 N v O CO 71 - .-4 OI 0 2 co c 0: 0 la, Cf10001+DOOCTO. n 0 • .8 [? 0 ▪ 0 l2JVVI /VV 1 I 1=i 101 �� rRut GL -108- < i II_.: CD 0 11! i> ' -5 I JRw. 1 Snlender Crab D = fl) (1) —I -T 0 CD C tn ? J? ZED o-, CA lz f motes may be faxed as wel Please send quotes to the attention of Marty Asleson All trees auotes should be for 2 " -2.5" B &B tree stock and of American Nurseryman A I Please suhmit a single price per tree species to include chip mulch and warranty. This work should a done the van or City streets. These trees are to be planted at approximately 12 feet from the curb and oca e by the city. N 7 in Oak s Red Mapl N -A. -i . .h.. Cri CO 0> N 01 0) IOctober.2006 Tree Quote N ,1 W \ 1 1 im 1 1 1 ∎ 1 1 -108- Uct Ub lu:nia • *SIMS • • Nursery & Landscaping 9340 Fair Way Maple Grove, MN 55369 Phone (763) 425 -4212 * Fax (763) 425 -5155 City of Lino Lakes Attn: Marty Asleson 600 Town Center Parkway Lino Lakes, MN 55014 Fax: 651- 982 -2499 QUOTATION r " Date: 10/9/06 Job: Street Tree Planting Qty Size Variety Price Amount 6 2 " -2.5" Burr Oak $ 300.00 $ 1,800.00 15 2 " -2.5" Northern Pin Oak 300.00 4,500.00 2 2 " -2.5" White Oak 325.00 650.00 6 2 " -2.5" American Linden 240.00 1,440.00 8 2 " -2.5" Thornless Honeylocust 250.00 2,000.00 5 2 " -2.5" Autumn Blaze Maple 250.00 1,250.00 4 2 " -2.5" Red Splender Crab 200.00 800.00 4 2 " -2.5" Acolade Elm 250.00 1,000.00 1 2 " -2.5" Northwoods Red Maple 250.00 250.00 1 2 " -2.5" River Birch 250.00 250.00 Total $ 13,940.00 Sincerely, Mark Hasse Owner -109- C ityofl inota kes- streettree pi a nti ng06quate 10 /9 /2006 • AGENDA ITEM 6Ci • • STAFF ORIGINATOR: James E. Studenski, City Engineer COUNCIL MEETING DATE: October 23, 2006 TOPIC: Resolution No. 06 -163, Adopting Assessments, 2006 Individual Properties Which Requested Connection to City Utilities VOTE REQUIRED: 3/5 Vote Required BACKGROUND: City Staff has received requests from several property owners to connect to city utilities. Each resident has submitted a signed waiver, which waives their rights to a hearing and waives their rights to appeal under the Lino Lake City Charter and /or Minnesota Statute 429 provided that the assessment associated with the improvement is levied against their property. We are prepared to adopt the assessments for the following individual properties, which requested connection to city utilities: 725 Town Center Parkway (Country Inn and Suites) — Commercial 7385 Apollo Court. (Pomp's Tire) — Commercial 700 Apollo Drive (Sheet Metal Workers Federal CU) — Commercial 6298 Hodgson Road (Rehbein Bus Garage) — Commercial 7690 Village Drive (YMCA) — Commercial - 7989 Lake Drive — Residential 718 Vicky Lane — Residential 7912 Marilyn Drive — Residential - 673 Arlo Lane — Residential RECOMMENDATION: Approve Resolution No. 06 -163, Adopting Assessments, 2006 Individual Properties Which Requested Connection to City Utilities. • • CITY OF LINO LAKES RESOLUTION NO. 06 -163 RESOLUTION ADOPTING SPECIAL ASSESSMENTS, INDIVIDUAL UTILITY CONNECTIONS WHEREAS, pursuant to the waiver received by individual property owners to waive all rights to a hearing on the conducting of a local improvement which will benefit the Individual Properties Which Requested Connection to City Utilities, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part thereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of ten years for commercial and fifteen years for residential, the first installment to be payable on or before the first Monday in January, 2007, and shall bear interest at the rate of seven percent (7 %) per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2006. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City Treasurer, except that no interest shall be charged if the entire assessment is paid by November 23, 2006; and the owner may, at any time thereafter, pay to the City Treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County. Such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the Council of the City of Lino Lakes this 23`d day of October, 2006. Julianne Bartell, City Clerk John J. Bergeson, Mayor 13/2006 • • 2006 FINAL ASSESSMENT ROLL F- z J Q Cn Cn O Cip � W z z O w� Q c) z W 2z< Q 0 I- Qw0 W CC < W H z 0 CI) 0) W_ z Q J Q W W Q 0 0 Qw¢ z O W f—�� U < ((1) W 0) z z H O U z O W F- W W DC 2 0 W¢- 0 O W W d z 0 z d Q W � Y J >0 0z z_ Z J d $ 128,144.00 O o a) co O C00 CS) CO L() O) C LC( r CO O O M O) CO NO�O En. En. En. 64 En. 44 En. 69- 0 a) a) O 0 64 64 En. En. En. 64 f4 O 0 O O O 0 1-r. to LO CO CO CO 00 O •f d' . T 64 En. 64 64 64 64 En. En. o O O co COO co M O O C7J N M CO O O T O O CO CO 0 O) r- O CO L() LO Li) LC) Lam() N En. EA En. En. En. En. 6'? En. 69 $ 74,130.00 $ 11,070.00 0 00 c0� o000000 Ili 0 r o 16 ri ri to co co co co Lc) c) Lri co- Ea- En. fn. Efi E 4 En. En. O O O cco o O O O M N ' CO CO L(') N M to N v-9 64 En. En. En. 64 ea- En. 64 O O O o O .� CNO N N M O L0 r Qi �' N N N ems- co co o 0 to to CO 1 - N 0 - 0 0, 00 00 0 co to 0 C ) LLC) T co co 0 0 v tri Co N co M LO M h I- O T T r 4n. En. 69 64 64 64 En. 64 En. N — Co M N N N T T T >, Y o O S 'C CD (6 0 N > d (/) o i ` > C '- 0) .,a) c 0F' oU o 2_3 a) as C O —u- O)LO @0. . �'o U=< E Q 2 0 y j�-1 j 2 5 CO r.... Ov0a),_ OCD co ~ N CO r- O U m CV r- 17- 31 -22 -12 -0061 0 O O N N 09- 31 -22 -22 -0022 31- 31 -22 -14 -0006 O N 0 CO LC) O N tt r r 0 0 0 0 0 O 0 0 O N N N T N T T N NNNN N N N N N T T T T C? M M M CO co c- 112- $ 466,308.23 69 O O N N M N 64 En. $ 128,087.20 O O N LC) O 64 N CO J 0 N 0 0 • Legal Description: That part of Industrial Boulevard as dedicated in the plat of LINO INDUSTRIAL PARK, Anoka County, Minnesota, which lies south of the southerly right of way line of Lilac Street as dedicated in said LINO INDUSTRIAL PARK. GRAPHIC SCALE 200 0 100 200 1 inch a 200 !t. 'ORNER >7 N ANOKA COUNTY SURVEYUR COUNTY STATE AID HIGHWAY NO. 153 164.77 155.00 LI) 150.00 150.00 150.00 0 INDUS f.0 6 0 [7] cA 0 5 a [6] 3 0 0 00 [4] 150.00 2 0 0 [23] o° 160 1 M [7] 155.9f 163.78 155.00 150.00 458.78 7 [8] 458.28 cn 0 0 0 N O 0 8 [9] 457.78 0 O 0 0 9 .PARK [10] 457.29 0 0 >0 [t1] 456.79 0 0 AREA TO BE VACATED 329.70 318.45 [38] • • • AGENDA ITEM 6Cii STAFF ORIGINATOR: James E. Studenski, City Engineer COUNCIL MEETING DATE: October 23, 2006 TOPIC: Resolution Nos. 06 -164 to 06 -170, Adopting Assessments, 2006 Development and Improvement Projects. VOTE REQUIRED: 3/5 Vote Required BACKGROUND: The following development projects are substantially complete, and therefore City Staff is prepared to adopt the assessments accordingly: Development - Apollo Landing - Cavegn Estates - Marshan Meadows Addition - Millers Crossroads 3rd Addition - Century Farms North 4th Addition - Pine Glen Addition Improvement Protect Development Agreement Date Sept. 26, 2005 Feb. 27, 2006 March 13, 2006 March 27, 2006 April 24, 2006 May 22, 2006 - 21st Ave Improvements, Petition and Waiver approval, May 8, 2006. The Lois Lane Street and Utility Improvements assessments where adopted, June 26, 2006. In the above referenced Development Agreements and Improvement Project, the property owner waives any and all procedural and substantive objections to the installation of City improvements and the special assessments. Each developer has reviewed and approved the assessments, respectively. RECOMMENDATION: Approve Resolution Nos. 06 -164 to 06 -170, Adopting Assessments, 2006 Development and Improvement Projects. • • • CITY OF LINO LAKES RESOLUTION NO. 06 -164 RESOLUTION ADOPTING ASSESSMENT FOR THE APOLLO LANDING DEVELOPMENT PROJECT WHEREAS, pursuant to the development agreement dated September 26, 2005, the developer waives all rights to a hearing on the conducting of local improvements which will benefit the properties within the Apollo Landing Development, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part thereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of ten years, the first installment to be payable on or before the first Monday in January, 2007, and shall bear interest at the rate of seven percent (7 %) per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2006. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City Treasurer, except that no interest shall be charged if the entire assessment is paid by November 23, 2006; and the owner may, at any time thereafter, pay to the City Treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County. Such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the Council of the City of Lino Lakes this 23rd day of October, 2006. Julianne Bartell, City Clerk John J. Bergeson, Mayor co f- o z CSI LLJ N Cr - M O Q • co co • • FINAL ASSESSMENT ROLL W H 0 Cr O LL Q LL g 0 0) co co CD N ▪ ti CD Cri t5 • C 69 69 69 69 69 69 0 0 0 N CO O O • O CO CO CO N r 69 69 fR CD z T � W Z Q E N C cc C as < W F_ 66 z Q z_ ¢ cC W Q cC Q W Z W Q 0) Q co H Z 0 M N 0 69 69 102,370.00 $ O 0 O 0 C O CO O C 69 69 69 M co •— O M co N V O 0 C4LL) c 69 69. 69 69 69 69 0 CO O N > 0 v) o co wQ a o Q 0 = m < Q z n. 08- 31 -22 -34 -0023 08- 31 -22 -34 -0022 O J 1- Q 1- - 115 - • • • CITY OF LINO LAKES RESOLUTION NO. 06 -165 RESOLUTION ADOPTING ASSESSMENT FOR THE CAVEGN ESTATES DEVELOPMENT PROJECT WHEREAS, pursuant to the development agreement dated February 27, 2006, the developer waives all rights to a hearing on the conducting of local improvements which will benefit the properties within the Cavegn Estates Development, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part thereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of fifteen years, the first installment to be payable on or before the first Monday in January, 2007, and shall bear interest at the rate of seven percent (7 %) per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2006. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City Treasurer, except that no interest shall be charged if the entire assessment is paid by November 23, 2006; and the owner may, at any time thereafter, pay to the City Treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County. Such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the Council of the City of Lino Lakes this 23rd day of October, 2006. Julianne Bartell, City Clerk John J. Bergeson, Mayor 10/23/2006 • FINAL ASSESSMENT ROLL WATERMAIN >- w Q Z O IOIQ - - Z CC O Q L+- O Cr) u O Cr I- LL Q It CC Q W Q H W Z w < Q v) Cr) H Z o 0 o 0 O o O O N N 69 69 0 0 O O (D (O am rn R F EA 64 o o 0 o rn rn (fa Era o 0 0 0 0 • 0 0 o Era Era 0 0 0 0 ui 'xi (D co N- ▪ r ua EA 0 0 o O Sri Ili 0) CO o 0 EA 04 o 0 O O N. r O 0 Era Era 0 0 O O (to ((0 64 64 592 Lois Lane (Lot 2, Block 1) 08- 31 -22 -24 -0042 - J O -117- • • • CITY OF LINO LAKES RESOLUTION NO. 06 -166 RESOLUTION ADOPTING ASSESSMENT FOR THE MARSHAN MEADOWS DEVELOPMENT PROJECT WHEREAS, pursuant to the development agreement dated March 13, 2006, the developer waives all rights to a hearing on the conducting of local improvements which will benefit the properties within the Marshan Meadows Development, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part thereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of fifteen years, the first installment to be payable on or before the first Monday in January, 2007, and shall bear interest at the rate of seven percent (7 %) per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2006. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City Treasurer, except that no interest shall be charged if the entire assessment is paid by November 23, 2006; and the owner may, at any time thereafter, pay to the City Treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County. Such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the Council of the City of Lino Lakes this 23rd day of October, 2006. Julianne Bartell, City Clerk John J. Bergeson, Mayor WATERMAIN H E < w i- zw� Q cn cn z Q W Q Z W < < U) Q O 1— Z (n W Q p 0 O O Z p Z_ W 2 ci5 Z W Q cn = J cc Qz_ z_ 2 J a Ln 0 (0 LO LO LC) LO LO LO If) ID 0 ca LC) LCD LO Ln LC) Ln Ln LO LC) LO LC) Ln Ln 0 LO L0 LO LO LC) LC) LO LO LC) LO LC) c v v v tt v v d v c v v v V VNI' v v v CO CO CO CO CO CO CO O CO CO CO CO CO O CO CO CO CO CO co CD O O CD (D CD (O O O O CO CD O O Cfl O (O O O O 64 EFT EFT 6. EFT EFT EFT EFT EFT EFT EFT 69 EFT EFT EFT EFT EFT EFT (fl EFT LO Ln Ln Ln LCD O Lo Ln LC) LO LC) LC) LO LU LO Ln O Lt.) Lo O CO 6 G O O 6 O O 6 6 O C C t)CI C 6 6 6 0 cci co co co co co co co co co co co co co co co co co co co co N N N N N N N N N N N N N N N N N N N N r r r r r r r r ........ r r r EFT 63 EFT EFT EFT 69 EFT EFT EFT EFT EFT EFT EFT EFT di 6. EFT EFT EFT EFT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LCD LCD Ln Ln LCD LCD Ln LCD Ln LCD LCD LCD Ln LCD Ln LCD Ln LCD Ln LCD CD CO CD CD CO CD CO CD O CD CO CO CO CO CO (D CO CO O (D r` r- r, N".. r` r• r` r` r` r� t� r- r r� n r• r- r` r r r r r r ... r ........ r r EFT EFT EFT EFT EFT EFT EFT EFT EFT EFT EFT EFT EFT 64 ER EFT EFT EFT EFT EFT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LCD LCi LCD LCi LCD LC) LCD LCi LCD LCD Lri LCD LCD LCi LCi LLi LCi L6 LCi LCi rnrnrnrno)or) co a) a) a) a) a) rn rna)rn a) a)a) rn 0 0 0 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 T- r r r r r r r r r r r r r r r r r r T- 69- EFT EFT EFT 64 EFT 6. EFT EFT EFT EFT EFT EFT EFT EFT EFT EFT EFT EFT 69 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CO CO CO CO co C'D M co C7 CM co co co co CM co r) co co co O CD CD (D O 6 O O CD CO O O O O CD O O O CO CO r r r• r r r r r ....... r r r EFT EFT EFT EFT 69 EFT EFT EFT 6. EFT EFT EFT EFT EFT EFT EFT E9 EFT EFT EFT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO O CD CO CO (6 (O CO CO CO CD (0 CO 6 CO CD (D 6 (0 (0 CO CO N N N N N N N N N N N N N N N N N N N N M M CO .CO M M co_ co M co co co_ co co co co_ co M co co T r r A- r r r r V- T r r r r r r T- r r r 69 EFT EFT 69 69 EFT EFT EFT 69 EFT 69 EFT EFT EFT EFT EFT EFT 69 EFT 69 f6 — •@ CO (` L ~ L 0 L U .= CO U W U o o o o U U p 0)0)0)0)V 03 CD CO 03 CO CO CO CO CO N CD 0 V D_ CO CO C C CO CO CO CO 0 r• N- r` r` LCD 508 Park Court 512 Park Court CO C` L L 0 o 0 0 0 O O O O O O O U U C C C C G C C C C C 03 C0 03 CO 03 CO CU 03 CC1 0 w 0) L L L L L L L L L L U O CO CO U) N f/) N W CO CO CO CO .y CO OD r` r• M N CD 0 et 0) o 0 0 0 0 N O 0 CO LC) n In L L N M M Ln CD CO r` a) Ln CO r` c0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 O o 0 0 0 0 0 0 0 0 O 0 0 99 M M M Cry M M M M M M C' ) ('D M N N CV N CV N N N CV N N N N N N N N N N N N N N N N N N N N -22 -31 -0020 -22 -31 -0021 -22 -31 -0022 -22 -31 -0024 -22 -31 -0023 a•, a•, a•, a•, �, m m m M M M M M m M m M M '7(0 r- r- r- r- r• r; r` r; r< N- r` r- r` r` r; r; r` r- r= r- -119- 35,300.00 $ 21,900.00 $ 28,326.00 $ EFT $ 26,536.00 0 N • • • CITY OF LINO LAKES RESOLUTION NO. 06 -167 RESOLUTION ADOPTING ASSESSMENT FOR THE MILLERS CROSSROADS 3RD DEVELOPMENT PROJECT WHEREAS, pursuant to the development agreement dated March 27, 2006, the developer waives all rights to a hearing on the conducting of local improvements which will benefit the properties within the Millers Crossroads 3rd Development, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part thereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of fifteen years, the first installment to be payable on or before the first Monday in January, 2007, and shall bear interest at the rate of seven percent (7 %) per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2006. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City Treasurer, except that no interest shall be charged if the entire assessment is paid by November 23, 2006; and the owner may, at any time thereafter, pay to the City Treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County. Such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the Council of the City of Lino Lakes this 23`d day of October, 2006. Julianne Bartell, City Clerk John J. 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V V V V V V V V V V V V V V V V CO CD CD 0 CD CD CO O CD O CO CD CD O CO CD CO CD CD O CD CD CD CO CD CD CD CD CD CD CD CO N M V L0 CD h 00 O O N co V (0 co h co co O N co V (0 (O h co O h h h h h h h h 00 O 00 O CO O CO 0 00 CO 0) 0) 0) CO 0 0 0 0) 0) 0) O O O O O O O O O o O O O O O O O O O O O O O O O O O O V V V V V V V V V V V V V V V et V V V v V V- v v v v v v v v v v v v v v v v v v v v v V v N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N C.14 N N N N N N N N N N M M M M M M M M M M M M M M M M M M M M M M M M M M M M 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 co co co co) co) M M co co co co co co co co co co co co co co co co co M co M M - 121 - 30- 31 -22 -44 -0200 O O O O O O v c CV CV CV N N N M co co O O o co co co • • CITY OF LINO LAKES RESOLUTION NO. 06 -168 RESOLUTION ADOPTING ASSESSMENT FOR THE CENTURY FARMS NORTH 4TH DEVELOPMENT PROJECT WHEREAS, pursuant to the development agreement dated April 24, 2006, the developer waives all rights to a hearing on the conducting of local improvements which will benefit the properties within the Century Farms North 4th Development, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part thereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of fifteen years, the first installment to be payable on or before the first Monday in January, 2007, and shall bear interest at the rate of seven percent (7 %) per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2006. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3, The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City Treasurer, except that no interest shall be charged if the entire assessment is paid by November 23, 2006; and the owner may, at any time thereafter, pay to the City Treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County. Such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the Council of the City of Lino Lakes this 23rd day of October, 2006. Julianne Bartell, City Clerk John J. 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X . - . . - - Y Y Y Y . - . . Y Y X Y Y Y 0 0 1) 0 0 0 0 0 C) 0 0 C) C) C) 0 0 0 0 1) 0 C) 0 1) 0 C) 0 C) 0 0 0 0 0 0 1) 0 0 U 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m OD CD m m m DD CD CD m CO m m m m CO m m m CD m m m m m m m CO OD m CD m CO CD m m m m m m m m m -123- r r N 69 trt N C7 79,335.00 $ 0 CO 10 CD N 69 1n C CD CD 69 63 c • • CITY OF LINO LAKES RESOLUTION NO. 06 -169 RESOLUTION ADOPTING ASSESSMENT FOR THE PINE GLEN DEVELOPMENT PROJECT WHEREAS, pursuant to the development agreement dated May 22, 2006, the developer waives all rights to a hearing on the conducting of local improvements which will benefit the properties within the Pine Glen Development, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part thereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of ten years for commercial and fifteen years for residential, the first installment to be payable on or before the first Monday in January, 2007, and shall bear interest at the rate of seven percent (7 %) per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2006. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City Treasurer, except that no interest shall be charged if the entire assessment is paid by November 23, 2006; and the owner may, at any time thereafter, pay to the City Treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County. Such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the Council of the City of Lino Lakes this 23rd day of October, 2006. 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Such proposed assessment, a copy of which is attached hereto and made a part thereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of ten years, the first installment to be payable on or before the first Monday in January, 2007, and shall bear interest at the rate of seven percent (7 %) per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2006. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City Treasurer, except that no interest shall be charged if the entire assessment is paid by November 23, 2006; and the owner may, at any time thereafter, pay to the City Treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County. Such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the Council of the City of Lino Lakes this 23rd day of October, 2006. Julianne Bartell, City Clerk John J. Bergeson, Mayor 10723/2006 • FINAL ASSESSMENT ROLL STREET AND F- z J W Q2 0(1) H W W O O O u- 0 w WATERMAIN w O IQ- cC 0 u-O w H Z N z W W 0 cc w cc 2 O w O z z_ w� Z w W Y Q J Z Z_ N J � 00 00 o 0 0) N h O oo 6? 69 O O O 0 d oo o • CD CO 64 64 64 64 64 69 64 69. 64 69 6964 64 69 r r y fd a) a) U a) a) as a) Q r O 0 -5o v0 0 0 00 0 N N N N r r M M v4 N N $ 150,000.00 $ 150,000.00 69 6- 64 N -J 0 - 127 - Ado06/26/06 • z J w 2 H 0 c fn 10 Z .7C CC C7 _ W 1D to Z SANITARY Cn mm Z w ON U U z ZF O u_ 11- LL z CD CO 0 0 0 CO OD W CO CO 0 m co N CV Oi D) D) N tV N N- I- O tD O r V') m N N N m m m N N N N N N N N 69 fA 69. 69 69 69 69 69 o o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1D 11) ID 1!i In N ID to CD O CO CD CD O CD CO 64 64 69 64 Ni fie fA 69 0 0 0 0 0 0 0 0 1O 1D lD 1n 1n to 1n 1O N N N N N N N N r r r r r r r r tD CD O CD CD CD CD O 69 69 64 69 69 69 69 69 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 117 to 11) In 1f) 1ri 10 ID a)a)a)rnrna)0)a) 0 0 0 0 0 0 0 0 69 69 64 63 64 69 69 64 0 0 0 0 0 0 0 0 0 0 0 0 0 o o 0 O 0 0 0 0 0 0 m CO C9 m m m m o) CD O CD CD CD O CD CD 69 fR 696969(1)- 6'3 fA CO C O O O O aD OD co m CD CO CO m m c O 0 tD CD tD C e5 O Co W 1D 1D 1D to W OD 1n 1O a C 1n 1n 11 CA O> cO tO R1 O) D) of 64 69 64 69 69 69 64 69 CD 0 0 0 0 0 0 r.-000000 0 O O 1D h to tO LD 1C) LO ▪ N N O O O O O it - H 3 3 m cD o CD CD ID CD C p o C C C C C CO CO J .OA O N N N N N N N N N J 0 a, J J J J J 0 CA OD OD m In r m 11) OD CO N m LC) 1nrr LA) 1nLc) La 1n to - • c _ ▪ m Q c O O T2 ED. 5 ces UotSQYJ�-') 08 c6 _ a,• • 0 LL C U E U m >i�gl -O E �, Y It c TD. _ cc y LC3 a > > to a) -o ▪ a) a It /C C 10 m m°Cia -1tit.Q� • m N m V 1D N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 el- Vtv NI' vac N N N N N N N N N N N N N N N N N N N N -22 -24 -0022 m m CO m m CO m m ID CO OD CO CD oS aD oD 0 0 0 0 0 0 0 0 0 0 O N 0 0 M m • • SPECIAL COUNCIL MEETING OCTOBER 9, 2006 DRAFT 1 2 CITY OF LINO LAKES 3 MINUTES 4 5 DATE : October 9, 2006 6 TIME STARTED : 6:10 p.m. 7 TIME ENDED : 6:25 p.m. 8 MEMBERS PRESENT : Council Members Carlson, O'Donnell, 9 Stoltz and Mayor Bergeson 10 MEMBERS ABSENT : Reinert 11 12 13 Staff members present: City Administrator, Gordon Heitke; Chief of Police, Dave 14 Pecchia; and City Clerk, Julie Bartell (part) 15 16 17 Mayor Bergeson called the meeting to order at 6:10 p.m. He advised the purpose of the 18 meeting is to discuss a personnel issue. 19 20 Council Member O'Donnell moved to close the meeting to the public at 6:11 p.m. 21 Council Member Stoltz seconded the motion. Motion carried unanimously. 22 23 Mr. Scott Lepak, Attorney advised the City Council regarding the personnel issue. 24 25 Council Member Carlson moved to re -open the meeting at 6:24 p.m. Council Member 26 Stoltz seconded the motion. Motion carried unanimously. 27 28 Council Member Stoltz moved to accept the General Release and Separation Agreement, 29 as presented in the closed meeting. Council Member O'Donnell seconded the motion. 30 Motion carried unanimously. 31 32 Council Member O'Donnell moved to adjourn the special Council meeting at 6:25 p.m. 33 Council Member Carlson seconded the motion. Motion carried unanimously. 34 35 These minutes were considered, corrected and approved at the regular Council meeting held on 36 October 23, 2006. 37 38 39 40 41 City Clerk, Julianne Bartell John Bergeson, Mayor 42 43 44 Transcribed by: 45 Kim Points 46 TimeSaver Off Site Secretarial, Inc. 1