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10/27/2003 Council Packet
• • • WORK SESSION AGENDA CITY OF LINO LAKES Wednesday October 22, 2003 CITY COUNCIL WORK SESSION Community Room (not televised) 5:30 P.M. 1. Update on Police Canine Program, Sergeant Mortensen 2. 21st Avenue Street Improvements, Jim Studenski, Michael Grochala 3. Authorize Sale of Bonds, Al Rolek a. $2,120,000 G.O. Improvement Refunding Bonds b. $250,000 Taxable G.O. Improvement Bonds — Negotiated Sale 4. Decertification of TIF Districts 1 -6, 1 -7 and 3 -1, Al Rolek & Mary Alice Divine 5. Hokanson Development Comp Plan Amendment (Lake Dr /Aqua Lane), Jeff Smyser 6. Discuss dates for City Administrator Search and Council Guidelines. 7. Regular Agenda Items 8. Adjourn Revised 10/22/03 mmg 11:35 a.m. PAGE 1 • • • AGENDA CITY OF LINO LAKES Monday, October 27, 2003 Council Chambers ECONOMIC DEVELOPMENT AUTHORITY 6 p.m. City Council meeting 6:30 p.m. (Scheduled to be broadcast on Channel 16) Call to Order and Roll Call Pledge of Allegiance Setting the Agenda: Addition or deletion of agenda items 1. Consent Agenda - A) Consideration of Expenditures: i) October 27, 2003 (Check No. 69385 through 69552 in the amount of $620,885.32). ii) Centennial Fire District (Check No. 13906 through 13930 in the amount of $7,208.44). B) Consider Adoption of Resolution No. 03 -182 Amending the City of Lino Lakes Flexible Spending Accounts Plan 2. Open Mike 3. Finance Department Report, Al Rolek A) Consider Resolution No. 03 -190 Transferring funds from Tax Increment Financing District 1 -4 to Tax Increment Financing District 1 -6 B) Consider Resolution No. 03 -191 Decertifying Tax Increment Financing District 1 -6 C) Consider Resolution No. 03 -192 Decertifying Tax Increment Financing District 1 -7 Page 1 • • • AGENDA D) Consider Resolution No. 03 -193 Decertifying Tax Increment Financing District 3 -1 E) Consider Resolution No. 03 -194 Authorizing the Sale of $2,120,000 General Obligation Improvement Refunding Bonds Series 2003A F) Consider Resolution No. 03 -195 Authorizing the Negotiated Sale of $250,000 Taxable General Obligation Improvement Bonds Series 2003B G) Consider Resolution No. 03 -196 Authorizing Certification of 2003 Delinquent Utility Charges 4. Administration Department Report, Dan Tesch A) Consider Resolution No. 03 -198, Approving Transfer of Off -Sale Liquor License, J & K Liquors, Ann Blair, City Clerk B) Consider Resolution No. 03 -197, Approving Application for Tobacco License, Spirit Hills area, Lino Lakes Quik Stop, Ann Blair 5. Public Safety Department Report, Dave Pecchia None. 6. Public Services Department Report, Rick DeGardner A) Consideration of Resolution No. 03 -183, Accepting Donations for Family Turkey Shoot, Rick DeGardner 7. Community Development Department Report, Michael Grochala A) Consideration of Resolution No. 03 -184, Approving Preliminary Plat and Variances for Lakeview Estates, Jeff Smyser B) 21st Avenue Street and Storm Sewer Improvements, Jim Studenski. i. Consideration of Resolution No. 03 -174, Adopting Proposed Assessments (to follow on Friday) ii. Consideration of Resolution No. 03 -180, Accepting Bids and Awarding Contract C) Consideration of Resolution No. 03 -185, Approving Development Contract, Ravens Hollow, Jim Studenski Page 2 • • • AGENDA D) Consideration of Resolution No. 03 -186, Approving Development Contract (Site Grading Only), Hailey Manor, Jim Studenski E) Public Hearing, Consideration of Adopting Assessments for Improvement Project, Jim Studenski i. Resolution No. 03 -187, West Shadow Ponds ii. Resolution No. 03 -188, Twilight Acres /Twilight Acres 211d Addition Sanitary Sewer Improvements iii. Resolution No. 03 -189, Individual Properties which Requested Connection to City Utilities 8. Unfinished Business None. 9. New Business A) Approval of minutes of October 8, 2003 Council Work Session 10. Community Calendar, October 28, 2003 through November 10, 2003: A) Environmental Board Meeting, Wednesday, October 29, 2003, 6:30 p.m. B) Park Board Meeting, Monday, November 3, 2003, 6:30 p.m. C) Election Day, Tuesday, November 4, 2003 -Polls open at 7:00 a.m. D) Council Work Session, Wednesday, November 5, 2003, 5:30 p.m. E) EDAC, Thursday, November 6, 2003, 7:00 a.m. F) Canvass Board Meets, Monday, November 10, 2003, 6:15 p.m. G) City Council Meeting, Monday, November 10, 2003, 6:30 p.m. 11. Adjourn Revised 10/22/03 AJB 11:09 a.m. Page 3 • • DEVELOPMENT CONTRACT Ravens Hollow THIS AGREEMENT made this 27th day of October, 2003, is by and between the City of Lino Lakes, whose address is 600 Town Center Parkway, Lino Lakes, Minnesota, 55014, a municipal corporation organized under the laws of the State of Minnesota, hereinafter referred to as the "City ", and KG Development whose address is P.O Box 190, North Branch, Minnesota 55056 hereinafter referred to as the "Developer ". WHEREAS, the Developer has received preliminary plat approval from the City Council for a plat of land within the corporate limits of the City known as Ravens Hollow, hereinafter called "Subdivision ", said land is legally described to -wit All that part of Lot Eight (8), Auditor's Subdivision No. 107, according to the map or plat thereof on file and of record in the office of the Register of Deeds in and for Anoka County, Minnesota, that lies East of the line which is parallel to and 660.3 feet East of the most westerly line of said Lot 8, as measured along the South line of said Lot 8. Subject to an easement for roadway purposes over and across the North 33 feet thereof and, subject to existing highway encumbrances over the East 33 feet thereof and subject to a perpetual easement for ingress and egress across that part of Lot 8, Auditor's Subdivision No. 107, Anoka County, Minnesota described as follows: Beginning at a point on the North line of said Lot 8, distant 324 feet West from the Northeast corner of said Lot 8; thence southerly at a right angle to said North line 120 feet, thence westerly at a right 100 feet; thence northwesterly to a point on the South line of the North 95 feet of said Lot 8 distant 660.3 feet East of the West line of said Lot 8; thence northerly and parallel to said West line 95 feet to the North line of said Lot 8; thence East to the point of beginning. The North Half of the North Half of the South Half of the Northeast Quarter of the Southeast • Quarter of Section 31, Township • • Development Contract Ravens Hollow 31 North, Range 22 West, Anoka County, Minnesota, now known as Lot 11, Auditor's Subdivision No. 107. AND That part of the Northeast Quarter of the Southeast Quarter of Section 31, Township 31, North, Range 22, that is described as follows: Commencing at the Northwest corner of said Northeast Quarter of the Southeast Quarter and proceeding thence East on the North line of said Northeast Quarter of the Southeast Quarter for a distance of 264.3 feet and to the actual point of commencement herein; proceeding thence South and parallel to the West line of said Northeast Quarter of the Southeast Quarter for a distance of 330.75 feet; proceeding thence East for a distance of 396 feet and in a straight line to a point 330.74 feet South from the North line of said Northeast Quarter of the Southeast Quarter measured on a line parallel to said West line; and proceeding thence North and parallel to said West line to the said North line; and proceeding thence West on said North line to the point of commencement. Now known as part of Lot 8, Auditor's Subdivision No. 107, according the map or plat thereof on file and of record in the office of the County Recorder in and for Anoka County, Minnesota. AND South half of North half of Northeast Quarter of the Southeast Quarter Section 31, Township 31, North, Range 22, except the following described part thereof: Commencing at the Northwest corner of the Northeast Quarter of the Southeast Quarter, Section 31, Township 31, Range 22; thence South along the West line thereof a distance of 330.75 feet which point is the actual beginning of this description; thence East parallel with the North line of said section a distance of 231.3 feet; thence South a distance of 165.375 feet parallel with the West line of said section; thence West 231.3 feet parallel with the North line of said section; thence North along the West line of the Northeast Quarter of the Southeast Quarter of said section a distance of 165.375 feet to the point of beginning. Subject to an easement over the West 33 feet thereof for public roadway purposes; and subject to the reservation of a right of way for purposes over the South 2 rods of the West 24 rods thereof, containing 9 acres more or less. page 2 • Development Contract Ravens Hollow Except That part of Lot 10, Auditor's Subdivision No. 107, according to the map or plat thereof on file and of record in the office of the Register of Deeds in and for Anoka County, Minnesota, that is included in the following described tract of land: Commencing at the center line of the Highway adjoining said Lot 10 on the West where the North line of said Lot 10, which line is also the North line of Lot 9, said line being extended, intersects said Highway and proceeding thence East on said North line for a distance of 264.3 feet; and proceeding thence South and parallel to the West line of said Lot 10 for a distance of 165.375 feet; and proceeding thence West and parallel to the North line of said Lot 10 to the center line of said Highway; and proceeding thence North on said center line to the point of commencement. This tract includes Lot 9, said Auditor's Subdivision, and this deed is made for the purposes of explaining a possible ambiguity existing in the deed dated 15 December, 1951 and filled for record 15 December 1951, in book 263, on page 271. WHEREAS, the Developer requested that the City construct and finance certain improvements to service the subdivision; and WHEREAS, the Developer is to be responsible for the installation and financing of certain private improvements within the subdivision; and WHEREAS, Minnesota Statute 429 provides a method for assessing the cost of City installed improvements to the benefited property. WHEREAS, the City Subdivision Ordinance and Minnesota Statute 462.358 authorize the City to enter into a performance contract secured by cash escrow or other security to guarantee completion and payment of such improvements following final approval and recording of final plat; and NOW, THEREFORE, in consideration of the mutual promises of the parties made herein, IT IS AGREED BY AND BETWEEN THE PARTIES HERETO: that the I. DESIGNATION OF IMPROVEMENTS A. Improvements to be installed at the Developer's expense by the Developer as hereinafter provided are hereinafter referred to as "Developer Improvements ". B. Improvements to be installed by the City and financed by the Developer are hereinafter referred to as "City Improvements ". page 3 • • Development Contract Ravens Hollow II. DEVELOPER IMPROVEMENTS A. The Developer's Engineer shall prepare, at the Developer's expense, a grading plan, street and utility plan, and a surface water management plan. The Developer shall secure a contractor to install these improvements; said contractor shall be approved by the City at its ABSOLUTE discretion. All Developer Improvements shall require City inspection and approval and, where appropriate, the approval of any other governmental agency having jurisdiction. The Developer will construct and install at Developer's expense the following improvements according to the following terms and conditions: 1. Grading Plan a) A final site grading plan, including certified wetland delineation, with maximum two -foot contours and cross sections as necessary shall be submitted and approved by the City prior to commencement of any site grading. 2. Erosion Control Plan a) The Developer shall submit an erosion control plan, detailing all erosion control measures to be implemented during construction. Said plan shall be approved by the City prior to the commencement of site grading or construction. b) The Developer shall submit a turf establishment plan which details topsoil placement, seeding, sodding, mulching, fertilizing and watering. Said plan shall be approved by the City prior to the commencement of site grading or construction. 3. Tree Preservation Plan a) Developer will provide a tree preservation plan prior to any site grading which shall be in accordance with the City Tree Preservation Policy. Developer shall escrow for boulevard tree planting for each side of a lot which abuts a street. The City Forester shall determine species, size and location. b) The Developer shall remove, dispose of, or treat all dead and diseased trees in accordance with the City Forester's recommendation before building permits will be issued. 4. Grading and Erosion Control Construction & Maintenance a) Prior to the commencement of site grading and erosion control, the Developer shall complete items II.A.1, II.A.2, and II.A.3 as listed above. page 4 • • Development Contract Ravens Hollow b) The Developer shall grade the site to within 0.2 foot of the grades shown on the approved grading plan. No deviations will be allowed unless a revised plan is submitted and approved by the City and all other regulatory agencies. c) All development shall conform to the natural limitations presented by the topography and soil of the subdivision in order to create the best potential for preventing soil erosion. d) Erosion and siltation control measures shall be coordinated with the different stages of development. Appropriate control measures as required by the City shall be installed prior to development when necessary to control erosion. e) Land shall be developed in increments of workable size such that adequate erosion and siltation controls can be provided as construction progresses. The smallest practical area of land shall be exposed at any one period of time. f) Where the topsoil is removed, sufficient arable soil shall be set aside for respreading over the developed area. The topsoil shall be restored to a depth of at least four (4) inches and shall be of a quality at least equal to the soil quality prior to development. g) The Developer shall install four (4) inches of topsoil on all boulevards and seed or sod as approved by the City. The Developer shall make all necessary adjustments to the curb stops to bring them flush with the topsoil prior to occupancy. h) All disturbed areas shall be seeded. i) The front 50 feet of the lots, the street right -of -way, storm water storage ponds, and surface water drainage ways shall be graded prior to commencement of utility construction. j) Drainage swales, ditches, storm water storage ponds and other high risk erosion areas shall be protected from erosion. k) All remaining grading must be completed prior to issuance of building permits. 1) Protect streets from erosion deposits. This should include a combination of roadside silt fences, roadside sod strips, catch basin rock bale inlet protection, rock construction entrances, straw mulch, and/or street sweeping. page 5 • • • Development Contract Ravens Hollow m) The Developer's engineer shall certify, in writing with an as -built survey, that all grading complies with the grading plan prior to issuance of building permits. 5. Final street grading, subbase, gravel base, bituminous binder course, and concrete curb and gutter. 6. Storm sewers when determined to be necessary by the City Engineer, including all necessary laterals, catch basins, inlets and other appurtenances. 7. Sanitary sewer, laterals or extensions, including all necessary building services and other appurtenances. 8. Water, laterals or extensions, including all necessary building services, hydrants, valves and other appurtenances. 9. The Developer shall place iron monuments at all lot and block corners and at all other angle points on boundary lines. Iron monuments shall be placed after all street and lawn grading has been completed in order to preserve the lot markers for future property owners. Lot corner irons on the back property line shall be installed so that the top of the iron corresponds to the finished ground elevation in accordance with the approved grading plan - guard stakes shall be appropriately installed to mark these irons. 10. The Developer agrees to maintain, at all times before acceptance of the streets by the City, an access road suitable for use by emergency, police and fire department equipment. The adequacy of such road shall be the sole determination of the City. Furthermore, such access road shall be located no more than 150 feet from any structure built within the Subdivision. 11. The Developer shall promptly clear dirt and debris, within public right -of- ways, and drainage and utility easements, resulting from construction by the Developer, its purchasers, builders and contractors within five (5) days after notification by the City. The Developer or its assigns shall be responsible for all necessary street and storm sewer maintenance including street sweeping, storm sewer cleaning, ditch cleaning and pond dredging, resulting from the accumulation of said dirt and debris, until all Certificates of Occupancy are issued. Warning signs shall be placed when hazards develop in streets to prevent the public from traveling on same and directing attention to detours. If and when the streets become impassable, such streets shall be barricaded and closed. The Developer shall maintain a smooth, hard driving surface and adequate drainage on all temporary streets. 12. Street Lighting: a) Residential street lighting shall be owned by the City. Such street lighting system shall be installed, operated, and maintained by the electric utility company. City and electric utility company may enter page 6 Development Contract Ravens Hollow • into a contractual agreement on the rate and maintenance of the street lighting system. • b) It shall be the responsibility of the Developer to pay for street lighting operation charges for the initial 15 months of operation of the system. 13. The Developer shall dedicate to the City, prior to approval of the final plat, at no cost to the City, all permanent or temporary easements necessary for the construction and installation of the Developer Improvements. All such easements required by the City shall be in writing, in recordable form, containing such terms and conditions as the City shall determine. 14. The Developer shall be responsible for securing all site grading and development approvals and permits from all appropriate Federal, State, Regional and Local jurisdictions prior to the commencement of site grading or construction and prior to the City awarding construction contracts for public utilities. 15. The Developer shall make provision that all gas, telephone, cable TV and electric utility designs be submitted to the City for review and approval prior to construction of the streets. Following review and approval by the City, the Developer shall insure that all installations comply with applicable City, County and State design standards and show proof of security arrangements with said utility companies. 16. Cost of Developer Improvements, description and completion dates are as shown on Attachment A. 17. Construction of Developer's Improvements: a) The construction, installation, materials and equipment shall be in accordance with the plans and specifications approved by the City. b) All of the work shall be under and subject to the inspection and approval of the City and, where appropriate, any other governmental agency having jurisdiction. c) The Developer shall obtain final plat approval prior to the installation of the sanitary sewer, watermain, storm sewer, and streets. Prior to acceptance of Developer Improvements by the City, the Developer shall record the final plat which will dedicate all permanent easements necessary for the construction and installation of the Developer and City Improvements as determined by the City. d) All construction debris and trash shall be properly disposed of at the Developer expense and in a timely manner as determined by the City. page 7 • Development Contract Ravens Hollow 18. The Developer must obtain all necessary approvals from Anoka County. The Developer is responsible for acquiring any necessary right -of -way, temporary easements, or permanent easements for the construction. 19. The Developer shall construct and pay for all improvements as described in the landscaping plan. 20. The Developer shall make an application to FEMA for a Letter of Map Amendment (LOMA) or Letter of Map Revision (LOMR) to revise the existing Flood Plain maps consistent with the proposed grading plan. 21. Guarantee a) Faithful Performance of Construction Contracts and Letters of Credit (1) The Developer will fully and faithfully comply with all terms and conditions of any and all contracts entered into by the Developer for the installation and construction of all Developer Improvements and hereby guarantees the workmanship and materials for a period of one year following the City's final acceptance of the Developer's Improvements. Concurrently with the execution hereof by the Developer, the Developer will furnish to, and at all times thereafter maintain with the City, a cash deposit, certified check, or Irrevocable Letter of Credit, based on one hundred fifty (150 %) percent of the total estimated cost of Developer's Improvements. An Irrevocable Letter of Credit shall be for the exclusive use and benefit of the City of Lino Lakes and shall state thereon that the same is issued to guarantee and assure performance by the Developer of all the terms and conditions of this Development Contract and construction of all required improvements in accordance with the ordinances and specifications of the City. The City reserves the right to draw, in whole or in part, on any portion of the Irrevocable Letter of Credit for the purpose of guaranteeing the terms and conditions of this contract. The Irrevocable Letter of Credit shall be automatically extended for additional periods of one year from present or future expiration dates unless thirty (30) days prior to such the City Clerk or Administrator is notified in writing by certified mail that the Letter of Credit will not be renewed. b) Reduction of Escrow Guarantee. (1) The Developer may request reduction of the Letter of Credit, or cash deposit based on prepayment or the value of the completed improvements at the time of the requested reduction. Prior to the final acceptance of the Developer page 8 • • • Development Contract Ravens Hollow Improvements the City shall require a Performance Bond or Cash Escrow to cover the one -year warranty provisions of the agreement. The amount shall be determined by the City Engineer. III. CITY IMPROVEMENTS A. The City shall install the following described improvements to serve the Subdivision on the terms and conditions herein set forth: 1. Storm sewer trunks. 2. Sanitary sewer trunks. 3. Water trunks. B. Construction Procedures 1. All City Improvements above shall be instituted, constructed and financed as follows: The City shall commence proceedings pursuant to Minnesota Statute 429 and City Charter providing that such improvements be made and assessed against the benefited properties. After preparation of preliminary plans and estimates by the City Engineer, an improvement hearing, if required by law, will be called by the City Council for the purpose of ordering such City Improvements. After preparation of the final plans and specifications by the City Engineer, bids will be taken by the City and contract awarded for the installation of City Improvements under the City's complete supervision. C. Security, Levy of Special Assessments and Required Payment Therefore. 1. Prior to the preparation of final plans and specifications for the construction of said City Improvements, the Developer shall provide to the City a cash escrow or letter of credit in an amount equal to thirty -five (35 %) percent of the total estimated assessments as established by the City Engineer. (See Attachment B) 2. Said letter of credit or cash escrow including accrued interest thereon, may be used by the City upon default by Developer in the payment of special assessments pursuant hereto, whether accelerated or otherwise. Developer must receive written notice and a reasonable opportunity to cure before City draws on cash escrow for special assessments. That such cash escrow or letter of credit shall remain in full force and effect throughout the term of the special assessments, except, the amount of such escrow or letter of credit may be reduced, upon the request of the Developer, at the City's option, but in no event shall be less than 35% of the outstanding special assessments against all properties within the Subdivision. The entire cost of the installation of such City Improvements, including any reasonable page 9 • • Development Contract Ravens Hollow engineering, legal and administrative costs incurred by the City, shall be assessed against the benefited properties within the Subdivision in accordance with City policy existing the date of this agreement, in equal annual principal installments plus interest on the unpaid installments at a rate not to exceed the maximum allowed by law. 3. All related special assessments levied hereto shall be payable to the City Clerk in semi -annual installments over fifteen (15) years commencing on April 15 of the year after the levy of such assessment and on each September 15 and April 15 thereafter until the entire balance plus accrued interest is paid in full unless paid earlier. In the alternative, the City, at its option, may certify the entire assessment roll to the Anoka County Auditor for collection with the Real Estate Taxes. In the event any payment is not made on the dates set out herein, the City may exercise its rights granted hereunder for such default. The Developer waives any and all procedural and substantive objections to the installation of the City Improvements and the special assessments, including but not limited to hearing requirements and any claim that the assessments exceed the benefit to the property. In the event the total of all City Improvements is less than originally estimated by the City Engineer in his feasibility report, Developer waives any appeal rights otherwise available pursuant to M.S.A. 429.081. D. Required Payment of Special Assessments by Developer. 1. Developer, its heirs, successors or assigns hereby agrees that within thirty (30) days after the issuance of a certificate of occupancy for a residence on a lot located within the Subdivision which is assessed for the cost of such City Improvements, the Developer, its heirs, successors or assigns, agrees, at its own cost and expense, to pay the entire unpaid Cost of City Improvements whether assessed or to be assessed under this agreement against such property. 2. If a certificate of occupancy is issued before the special assessments have been levied, the Developer, its heirs, successors or assigns shall pay the City the sum of cash equal to one hundred twenty percent (120 %) of the Engineer's estimate of the special assessments for such City Improvements that would be levied against the property. Upon such payment the City shall issue a certificate showing the assessments are paid in full. Notwithstanding the issuance of said certificate, the Developer shall be liable to the City for any deficiency and the City shall pay the Developer any surplus arising from the payment based upon such estimate. Developer will be paid interest on all assessments paid before the levy of such assessments by the City at the bond interest rates paid by the City. E. Acceleration Upon Default. 1. In the event the Developer violates any of the covenants, conditions or agreements herein contained to be performed by the Developer, violates any page 10 • Development Contract Ravens Hollow ordinance, rule or regulation of the City, County of Anoka, State of Minnesota or other governmental entity having jurisdiction over the Subdivision, or fails to pay any installment of any special assessment levied pursuant hereto, or any interest thereon, when the same is to be paid pursuant hereto, the City at its option, in addition to its rights and remedies hereunder, after ten (10) days' written notice to the Developer, may declare all of the unpaid special assessments which are then estimated or levied pursuant to this agreement due and payable in full, with interest. The City may seek recovery of such special assessments due and payable from the security provided herein. In the event that such security is insufficient to pay the outstanding amount of such special assessments plus accrued interest the City may certify such outstanding special assessments in full to the County Auditor pursuant to M.S. 429.061, Subd. 3 for collection the following year. The City, at its option, may commence legal action against the Developer to collect the entire unpaid balance of the special assessments then estimated or levied pursuant hereto, with interest, including reasonable attorney's fees, and Developer shall be liable for such special assessments and, if more than one, such liability shall be joint and several. Also, if Developer violates any term or condition of this agreement, or if any payment is not made by Developer pursuant to this agreement the City, at its option, may refuse to issue building permits for any parcel with the Subdivision for which the assessments have not been paid. • IV. RECORDING AND RELEASE • A. The Developer agrees that the terms of this Development Contract shall be a covenant on any and all property included in the Subdivision. The Developer agrees that the City shall have the right to record a copy of this Development Contract with the Anoka County Recorder to give notice to future purchasers and owners. This shall be recorded against the Subdivision described on Page 1 hereof. City shall provide to Developer upon payment of all the special assessments levied against a parcel, a release of such parcel from the terms and conditions of this Development Contract subject to provisions contained in this contract. V. REIMBURSEMENT OF COSTS A. The Developer agrees to establish a non - interest bearing escrow account with the City in an amount determined by the City Administrator or his designee for the payment of all costs incurred by the City related to the development of the Subdivision and the Developer Improvements including, but not limited to, the following (See Attachment B for breakdown of costs): 1. Plat Review Fee 2. Planner Review Fee 3. Administration - 3% Construction Cost 4. Engineering page 11 • • Development Contract Ravens Hollow a) Administration 5. Legal - Plat Review 6. Publications 7. Park Dedication Fee 8. Tree Preservation Policy 9. Street Lighting - Install/Operate 10. Traffic Signing Improvements 11. Boulevard Tree Planting 12. Street - Storm Sewer - Pond Maintenance 13. Sealcoating Fund 14. Aerial Photo Recovery Cost B. If the above escrow amounts are insufficient, the Developer shall make such additional deposits as required by the City. The City shall have a right to reimburse itself from the Escrow upon notice to the Developer, with suitable documentation supporting charge. VI. BUILDING PERMITS A. The Developer agrees that building permits may be issued upon approval of the Final Plat by the City Council at which time all required Financial Security shall be in place with the City. The Developer further agrees that City Sewer, Water, Storm Sewer, and Bituminous Base Construction of the Streets, temporary street signs, gas, electric, and telephone will be completed prior to the issuance of building permits except for as provided in VI. C. B. The Developer further agrees that an as-built survey certifying that all the grading complies with the grading plan prior to issuance of building permits. C. Model Homes The Developer agrees that two building permits for model homes may be issued upon approval of preliminary plat. The number of permits allowed above is based upon one for the first ten acres of the subdivision plus one for each additional ten acres thereof. The right to obtain such building permits shall be contingent upon the following: 1. Execution of this development contract, providing a Letter of Credit in the amount of $100,000.00 and an escrow amount of $10,000.00. 2. Construction shall be limited to maintain a minimum distance of 150' from the furthest exterior wall to an improved street as per the State Fire Code. page 12 Development Contract Ravens Hollow • The Developer may construct and maintain such access in order to meet said requirements. • • 3. Prior to release of the building permits for the two model homes, the builder shall enter into a separate agreement with the City which would not allow the building to be occupied after issuance of certificate of occupancy by anyone other than the builder for exhibiting the home for model purposes nor would they convey the property to any other third parties by any means until all of the public and private utilities have been installed to serve the building and accepted by the City. This includes all other requirements provided in this agreement D. The Developer further agrees to make an application to FEMA for a Letter of Map Amendment (LOMA) or a Letter of Map Revision (LOMR) to revise the existing Flood Plain maps consistent with the proposed grading plan prior to issuance of building permits. E. Each lot must comply with erosion control measures to prevent any material from leaving the lot. The City of Lino Lakes will not perform any requested inspections on the lot until it complies to the erosion control requirements. F. Each lot must have a City approved Certificate of Grading showing the as-built survey prior to an issuance of a Certificate of Occupancy. It shall be the responsibility of the Developer, its purchasers, builders or contractors to ensure compliance with the grading plan. VII. HOURS OF CONSTRUCTION ACTIVITY A. All construction activity shall be limited to the hours as follows: Monday through Friday 7:00 a.m. to 7:00 p.m. Saturday 9:00 a.m. to 5:00 p.m. Sunday and Holidays No working hours allowed VIII. OWNERSHIP OF IMPROVEMENTS A. Upon completion of the work and construction required by this contract and acceptance by the City, the improvements lying within the public easements shall become City property without further notice or action. IX. INSURANCE A. Developer or all its subcontractors shall take out and maintain until one (1) year after the City has accepted the Developer Improvements, public liability and property damage insurance covering personal injury, including death, and claims for property damage which may arise out of the Developer's work or the work of his subcontractors or by one directly or indirectly employed by any of them. Limits for bodily injury and death shall be not less than Five Hundred Thousand and no /100 page 13 Development Contract Ravens Hollow ($500,000.00) Dollars for one person and One Million and no /100 ($1,000,000.00) Dollars for each occurrence; limits for property damage shall be not less then Two Hundred Thousand and no /100 ($200,000.00) Dollars for each occurrence; or a combination single limit policy of One Million and no /100 ($1,000,000.00) Dollars or more. The City, its employees, its agents and assigns shall be named as an additional insured on the policy, and the Developer or all its subcontractors shall file with the City a certificate evidencing coverage prior to the City signing the plat. The certificate shall provide that the City must be given ten (10) days advance written notice of the cancellation of the insurance. The certificate may not contain any disclaimer for failure to give the required notice. X. REIMBURSEMENT OF COSTS FOR DEFENSE A. The Developer agrees to reimburse the City for all costs incurred by the City in defense of enforcement of this contract, or any portion thereof, including court costs and reasonable engineering and attorneys' fees if the City prevails in such action. XI. VALIDITY A. If a portion, section, subsection, sentence, clause, paragraph or phrase in this contract is for any reason held to be invalid by a court of competent jurisdiction, such decision shall not affect or void any of the other provisions of the Development Contract. XII. GENERAL A. Binding Effect 1. The terms and provisions hereof shall be binding upon and insure to the benefit of the heirs, representatives, successors and assigns of the parties hereto and shall be binding upon all future owners of all or any part of the Subdivision and shall be deemed covenants running with the land. B. Notices 1. Whenever in this agreement it shall be required or permitted that notice or demand be given or served by either party to this agreement to or on the other party, such notice or demand shall be delivered personally or mailed by United States mail to the addresses hereinbefore set forth on Page 1 by certified mail (return receipt requested). Such notice or demand shall be deemed timely given when delivered personally or when deposited in the mail in accordance with the above. The addresses of the parties hereto are as set forth on Page 1 until changed by notice given as above. C. Final Plat Approval • 1. The City agrees to give final approval to the plat of the Subdivision in accordance with section VII upon execution and delivery of this agreement page 14 • Development Contract Ravens Hollow and all required petitions, bonds, security, and documents including the following: a) Review and approval of a Homeowner's Association agreement, which includes provisions for the operation and maintenance of all signage and buffer areas. b) Review and approval of informational brochure including Best Management Practices with regard to buffer and wetland area requirements. c) Receipt of warranty deeds or dedication of all outlots proposed to be conveyed to the City. d) Detail of proposed wetland and buffer area signage. e) Receipt of permanent easements covering temporary cul -de -sacs lying outside dedicated right -of -way. f) g) Receipt of Conservation Easements covering wetland buffer areas. Signs shall be installed along all wetland buffer /easement areas. Wetland easements shall extend, at a minimum, 10 feet outward from the delineated wetland boundary. XIII. VIOLATIONSBUILDING PERMITS A. In the event that Developer violates any of the covenants and agreements contained in this Development Contract and to be performed by the Developer, the City, at its option, in addition to the rights and remedies as set out hereunder may refuse to issue building permits and/or Certificate of Occupancies to any property within the Subdivision until such time as such default has been corrected to the satisfaction of the City. XIV. PARK DEDICATION A. Park dedication for Ravens Hollow shall consist of both land dedication and a $93,240.00 park dedication fee. XV. PROPERTY TAXES A. Should the recording of the Final Plat occur after July 1, any and all property taxes on any public property dedicated as a part of this plat shall be the responsibility of the Developer. Dollars shall be incorporated into the escrow agreement to cover the cost of said property taxes. page 15 • • Development Contract Ravens Hollow DEVELOPER CITY OF LINO LAKES By Developer STATE OF MINNESOTA ) ) SS COUNTY OF ANOKA ) By Mayor ATTEST: By Clerk On this day of , 20_. before me, a Notary Public within and for said County, personally appeared (Mayor) and (Clerk), to me known to be respectively the Mayor and Clerk of the City of Lino Lakes, and who executed the foregoing instrument and acknowledge that they executed the same on behalf of said City. Notary public page 16 • • Development Contract Ravens Hollow STATE OF MINNESOTA ) ) SS COUNTY OF ANOKA On this day of , of 20_, before me, a Notary Public within and for said County, personally appeared (Developer), to me known to be the , of , a corporation under the laws of the State of Minnesota, and that they executed the foregoing instrument and acknowledged that they/he executed the same on behalf of said corporation. Notary Public page 17 • • • Development Contract Ravens Hollow ATTACHMENT A page 18 Development Contract Ravens Hollow III ATTACHMENT B • page 19 AGENDA ECONOMIC DEVELOPMENT AUTHORITY MONDAY OCTOBER 27, 2003 6:00 P.M. 1. Call to Order and Roll Call 2. Consideration of Minutes of September 22, 2003 3. Consideration of Resolution No. 03 -08 Decertifying Tax Increment No. 1 -6 4. Consideration of Resolution No. 03 -09 Decertifying Tax Increment No. 1 -7 5. Consideration of Resolution No. 03 -10 Decertifying Tax Increment No. 3 -1 6. Adjourn Financing District Financing District Financing District •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 44 • 45 DATE MEMBERS PRESENT MEMBERS ABSENT OTHERS PRESENT DRAFT CITY OF LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY MINUTES : September 22, 2003 : J. Bergeson, D. Carlson, C. Dahl, J. O'Donnell, J. Reinert : None : Mary Divine, Dan Tesch, Michael Grochala and Bill Hawkins CONSIDERATION OF MINUTES OF AUGUST 11, 2003 EDA Member Bergeson moved to approve the August 11, 2003 minutes, as presented. EDA Member O'Donnell seconded the motion. Motion passed unanimously. PUBLIC HEARING: PROPOSED BUSINESS SUBSIDY TO PANATTONI DEVELOPMENT, LLC EDA President Carlson opened the public hearing at 6:09 p.m. Ms. Divine summarized the Staff report, indicating the Economic Development Advisory Committee has reviewed this project. The committee recommended the EDA support the project, since it met the necessary subsidy criteria, building standards, zoning codes and the Comprehensive Plan land use designation. EDA Member Bergeson indicated there was discussion at the work session about fiscal disparities. He asked Ms. Divine to review that topic. Ms. Divine indicated the question was whether the city had to take fiscal disparities from within this TIF District, which reduces the amount available for TIF. She stated she has since learned that last year Legislation was passed that requires it be taken from within the District, if it is an Economic Development District. EDA Member O'Donnell stated they talked about costs associated with TIF. He questioned what the project cost will be. Ms. Divine indicated about $12 million. Rob Davidson, representing DAI, indicated one thing that was undetermined at the work session was the number of years that might be appropriate. He indicated they are in a 10 -year district, and will create eight years of increment within that district. He noted the City's TIF consultant said there really is not a right answer, and he has to agree. He indicated the only person who can answer the question is the person who will pay the taxes each year, which is the President of the company, and he believes eight years is the length of time that would allow him to make this project work on this site. EDA Member Bergeson asked if eight years represented the $1.1 million figure. Mr. Davidson indicated that was correct. EDA MINUTES SEPTEMBER 22, 2003 DRAFT 41, 46 Ms. Divine indicated at the request of the Council they ran numbers showing from five years up to 47 eight years, with eight years being $1.1 million. She noted at five years the company's rental rates are 48 10 cents a square foot away from what the business had requested. If they went seven years it brings 49 them to $5.89 per square foot, which is .01 cent from the original request. She added their revised 50 request is $5.84. 51 52 EDA Member Dahl moved to close the public hearing at 6:20 p.m. EDA Member Bergeson seconded 53 the motion. Motion carried unanimously. 54 55 A. CONSIDERATION OF RESOLUTION NO. 03-06, APPROVING A CONTRACT FOR 56 PRIVATE DEVELOPMENT BY AND BETWEEN THE LINO LAKES EDA AND 57 PANATTONI DEVELOPMENT, LLC 58 59 Ms. Divine summarized the Staff report, indicating there have been minor language changes in the 60 last few days, but none of them affect the overall agreement. She stated Staff recommends approval. 61 She clarified that if the Board approves the agreement, they may, under separate motion, want to 62 authorize a Subordination Agreement. 63 64 Ms. Divine explained that section 5.2 discussed the Subordination Agreement, and she reviewed that 65 section for the Board. She noted the language is in all of the City's agreements, but if the lender 66 requests a separate Subordination Agreement it must be done under a separate motion. 67 • 68 EDA Member Bergeson asked if $127,000 a year is the total tax subsidy; City, School District and 69 County. Ms. Divine indicated it is. EDA Member Bergeson stated in terms of a decision on the 70 number of years, the City's portion would be about $40,000 a year. Ms. Divine indicated that was 71 correct. 72 73 EDA Member Bergeson moved to adopt Resolution No. 03 -06 approving a contract for private 74 development and awarding the sale of, and providing the form, terms, covenants and directions for the 75 issuance of its $638,400 tax increment revenue note, Series 2001, contingent on City Council 76 approval of the EAW and Preliminary Plat. EDA Member Bergeson seconded the motion. 77 78 EDA Member Dahl asked if this is the actual subsidy approval. Ms. Divine indicated it is; they are 79 approving $638,000, with the requirement of four new jobs over two years. 80 81 EDA Member Bergeson noted that at the work session EDA Member O'Donnell brought up the 82 subject of the `but for' test. He is not sure how to assess that. He stated the issue was raised, but he is 83 not sure they received an answer. He indicated this is an important project for the City and within 84 reason they need to do what it takes to make it work, but he does not know how to determine it meets 85 the `but for' rationale. 86 87 Ms. Divine stated that can be subjective, that this request was based on the target base rent needed to 88 make the project comparable to other rents. She indicated the City's TIF Consultant evaluation was 89 that five years stayed within the policy and scope of what has been approved over the last several 90 years, and was within the acceptable range. 2 EDA MINUTES SEPTEMBER 22, 2003 DRAFT 91 92 Mr. Davidson indicated Ms. Divine described the basis for their request. He stated they are hoping to 93 get within the economic market range for going ahead with this project, noting without this subsidy 94 the cost of the project would make it economically out of reach. 95 96 EDA Member O'Donnell noted the job growth is at the required minimum, and asked if there was any 97 incentive to go beyond the minimum. Mr. Davidson stated he spoke with the President of the 98 company this afternoon on wage goals, noting they are committed to four jobs at a minimum of $10 99 per hour. He indicated the penalty for failing to achieve the job goals is severe. He believes they 100 have some range on salaries, and will not gravitate to the lowest wage. He stated they are feeling 101 good about the growth they can have, but also have to be conservative. He added in addition to their 102 regular employees they have a great number of temporary employees they employ year round. 103 104 EDA Member O'Donnell stated he understands the uncertainty, and there is some of that on the part 105 of the City as well, not knowing what the future holds for cities. He stated there is a 2 to 2.5% 106 difference between what the company wants and what this subsidy is proposing. He indicated given 107 what he knows, and without having all the answers on the `but for', he would be in support of the five 108 year recommendation on the table now. 109 110 Patrick Pelstring offered two suggestions that might move them toward a resolution to meet the 111 customer's needs. He indicated the average wage is $13.37. He believes a couple of the jobs will be 112 above the $10.00 minimum. He stated the other aspect is that they originally looked at $5.88 per • 113 square foot. Seven years gets them to $5.89. He indicated given their discussion if they could move 114 into that range it would be helpful. 115 116 EDA Member Dahl suggested they poll the Authority. She stated she is hearing some of the members 117 may be in favor of a longer term. She also stated she has a history of voting no on TIF subsidies. She 118 does not believe they should be necessary and no one has ever convinced her otherwise. She believes 119 you should be able to make it on your own, especially with the low interest rates. She stated the City 120 relies heavily on their TIF Consultant; however everyone who cannot afford what they want has to cut 121 back. She indicated the developer has the option of making it a smaller project and adding on when 122 they can afford it. 123 124 EDA President Carlson stated if the motion on the floor fails they can introduce a second motion. 125 126 Motion carried. EDA Member Dahl opposed. 127 128 B. CONSIDERATION OF A SUBORDINATION AGREEMENT 129 130 Ms. Divine reviewed the Subordination section of the contract. 131 132 EDA President Carlson asked if they would need to vote on this at the City Council meeting also. 133 Ms. Divine indicated they would not. 134 • 3 EDA MINUTES SEPTEMBER 22, 2003 DRAFT •135 EDA President Carlson verified the City Attorney had reviewed the information and recommended 136 this action. Ms. Divine stated the City's TIF Attorney made the recommendation. 137 138 EDA Member Bergeson moved to adopt a resolution authorizing a Subordination Agreement between 139 the City of Lino Lakes and the lender for the developer. EDA Member O'Donnell seconded the 140 motion. 141 142 Motion carried. EDA Member Dahl opposed. 143 144 CONSIDERATION OF RESOLUTION NO. 03-07 AUTHORIZING THE PREPARATION OF 145 A PLAN TO MODIFY DEVELOPMENT DISTRICT NO. 1 AND TO ESTABLISH 146 REDEVELOPMENT TAX INCREMENT FINANCING DISTRICT NO. 1 -11 147 148 Ms. Divine summarized the Staff report, indicating Staff recommends approval of the resolution. 149 150 EDA Member O'Donnell moved to adopt Resolution No. 03 -07 authorizing preparation of a modified 151 program for Development District No. 1 and the establishment of Redevelopment Tax Increment 152 Financing District No. 1 -11. 153 154 Motion carried unanimously. 155 156 ADJOURNMENT i157 158 There being no further business, EDA Member O'Donnell moved to adjourn. EDA Member 159 Bergeson seconded the motion. Motion passed unanimously. 160 161 Meeting adjourned at 6:43 p.m. 162 163 164 Transcribed by: 165 Karen Whaley 166 TimeSaver Off Site Secretarial, Inc. 167 • • AGENDA ITEM 3 • • STAFF ORIGINATOR: Mary Alice Divine DATE: 10/27/03 TOPIC: Resolution No. 03 -08 Decertifying Tax Increment Financing District No. 1 -6, Apollo Business Park BACKGROUND: Tax Increment Financing District No. 1 -6 was established in 1994 as a one - project district to provide assistance to UDOR U.S.A. The obligations in that district have been satisfied. This resolution terminates the district as of November 15, 2003. This project, totaling approximately $375,000 in market value, will add an additional $3,000 of city taxes on the tax rolls as of the second half of 2003. OPTION 1. Adopt Resolution No. 03 -08 Decertifying Tax Increment Financing District No. 1 -6 2. Return to staff for further consideration RECOMMENDATION: Option 1 • • • RESOLUTION 03 -08 TERMINATING TAX INCREMENT FINANCING DISTRICT 1 -6 AND DIRECTING DECERTIFICATION THEREOF BY THE COUNTY AUDITOR WHEREAS, by adoption of a resolution on August 11, 1994, the Economic Development Authority of the City of Lino Lakes, Minnesota (the "Authority ") has heretofore created Tax Increment Financing District 1 -6 (the "District "), located within Development District No. 1, and has approved a Tax Increment Financing Plan (the "TIF Plan "), for the District to provide assistance to the UDOR; and WHEREAS, the County Auditor of Anoka County has certified the original net tax capacity and the original local tax rate of the District pursuant to the provisions of Minnesota Statutes, Section 469.177; and WHEREAS, as of the date hereof, all of the projects have been completed, all obligations to which tax increment from the District has been pledged have been paid in full or defeased, and the Authority has determined that it is in the best interests of the City to terminate and decertify the District. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of Lino Lakes, Minnesota that: (1) Tax Increment Financing District 1 -6 is hereby terminated as of November 15, 2003. (2) The Clerk- Administrator shall provide a certified copy of this resolution to the County Auditor of Anoka County so that the District may be decertified on the books and records of the County Auditor with no further tax increment from the District being remitted to the City. Adopted by the Lino Lakes Economic Development Authority on the 27th day of October 2003. Executive Director President AGENDA ITEM 4 STAFF ORIGINATOR: Mary Alice Divine DATE: 10/27/03 TOPIC: Resolution No. 03 -09 Decertifying Tax Increment Financing District No. 1 -7, Apollo Business Park BACKGROUND: Tax Increment Financing District No. 1 -7 was established in 1995 to provide assistance to businesses to develop the Apollo Business Park. The businesses within the district are Mag Con, Emergency Apparatus Maintenance, Lino Lakes Business Center Phases 1, 2, 3, and 4, Progressive Engineering, Nol -Tech and Rice Industries. These businesses have added approximately $10 million in market value to the city's tax base, hundreds of jobs and approximately $92,000 in city taxes. The obligations in that district have been satisfied. This resolution decertifies the District as of November 15, 2003. OPTION 1. Adopt Resolution No. 03 -09 Decertifying Tax Increment Financing District No. 1 -7 2. Return to staff for further consideration RECOMMENDATION: Option 1 • • • RESOLUTION 03 -09 TERMINATING TAX INCREMENT FINANCING DISTRICT 1 -7 AND DIRECTING DECERTIFICATION THEREOF BY THE COUNTY AUDITOR WHEREAS, by adoption of a resolution on May 22, 1995, the Economic Development Authority of the City of Lino Lakes, Minnesota (the "Authority ") has heretofore created Tax Increment Financing District 1 -7 (the "District "), located within Development District No. 1, and has approved a Tax Increment Financing Plan (the "TIF Plan "), for the District to provide assistance to several projects within the District; and WHEREAS, the County Auditor of Anoka County has certified the original net tax capacity and the original local tax rate of the District pursuant to the provisions of Minnesota Statutes, Section 469.177; and WHEREAS, as of the date hereof, all of the projects have been completed, all obligations to which tax increment from the District has been pledged have been paid in full or defeased, and the Authority has determined that it is in the best interests of the City to terminate and decertify the District; and WHEREAS, there remains an excess balance of tax increments collected from within the District. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of Lino Lakes, Minnesota that: (1) Tax Increment Financing District 1 -7 is hereby terminated as of November 15, 2003. (2) The Clerk- Administrator shall provide a certified copy of this resolution to the County Auditor of Anoka County so that the District may be decertified on the books and records of the County Auditor with no further tax increment from the District being remitted to the City. (3) The balance of excess tax increments shall be returned to the County Auditor of Anoka County for redistribution to the appropriate taxing jurisdictions. Adopted by the Lino Lakes Economic Development Authority the 27th day of October 2003. Executive Director President • AGENDA ITEM 5 • • STAFF ORIGINATOR: DATE: Mary Alice Divine 10/27/03 TOPIC: Resolution No. 03 -10 Decertifying Tax Increment Financing District No. 3 -1, Clearwater Creek Development Center BACKGROUND: Tax Increment Financing District No. 3 -1 was established in 1995 to provide assistance to businesses to develop the Clearwater Creek Development Center on 35E. The businesses within the district are AdGraphics, Northern Wholesale and GNW Machine. These businesses have added more than $11 million in market value to the city's tax base, approximately 300 jobs and approximately $135,000 in annual city taxes. The obligations in that district have been satisfied. This resolution decertifies the District as of November 15, 2003. OPTION 1. Adopt Resolution No. 03 -10 Decertifying Tax Increment Financing District No. 3 -1 2. Return to staff for further consideration RECOMMENDATION: Option 1 • • • RESOLUTION 03 -10 TERMINATING TAX INCREMENT FINANCING DISTRICT 3 -1 AND DIRECTING DECERTIFICATION THEREOF BY THE COUNTY AUDITOR WHEREAS, by adoption of a resolution on June 29, 1995, the Economic Development Authority of the City of Lino Lakes, Minnesota (the "Authority ") has heretofore created Tax Increment Financing District 3 -1 (the "District "), located within Development District No. 3, and has approved a Tax Increment Financing Plan (the "TIF Plan "), for the District to provide assistance to several projects within the District; and WHEREAS, the County Auditor of Anoka County has certified the original net tax capacity and the original local tax rate of the District pursuant to the provisions of Minnesota Statutes, Section 469.177; and WHEREAS, as of the date hereof, all of the projects have been completed, all obligations to which tax increment from the District has been pledged have been paid in full or defeased, and the Authority has determined that it is in the best interests of the City to terminate and decertify the District; and WHEREAS, there remains an excess balance of tax increments collected from within the District. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of Lino Lakes, Minnesota that: (1) Tax Increment Financing District 3 -1 is hereby terminated as of November 15, 2003. (2) The Clerk- Administrator shall provide a certified copy of this resolution to the County Auditor of Anoka County so that the District may be decertified on the books and records of the County Auditor with no further tax increment from the District being remitted to the City. (3) The balance of excess tax increments shall be returned to the County Auditor of Anoka County for redistribution to the appropriate taxing jurisdictions. Adopted by the Lino Lakes Economic Development Authority the 27th day of October 2003. Executive Director President • EXPENDITURES OCTOBER 27, 2003 • • Date: 10/16/2003 Time 13:06:26 City of Lino Lakes FM Entry - Invoice Journal Ranges: • Options: Vendor # Vendor #: (A) Invoice #: (A) Entry Journal #: (R) 3474 3474 Trans #: (A) Line #: (A) Due Date: (A) Bank #: (A) Detail / Summary: S Name Operator: JAL Page: 1 Invoice Status: A # of copies: 1 Sort: N Check Over Expend: N # of items Discount Net Gross Discount Lost 000134 BOLDT, ROBERT 000338 IRLBECK, BOB 000343 FRIED, TIM 000408 AFSCME COUNCIL #14 000445 MOLDENHAUER, ANDY 000453 ROSVOLD, RICK 000468 RELIASTAR LIFE INSURANCE COMPANY 000496 LOKOWICH, MIKE 000517 ANDERSON, ERIC 000520 AHN, ERIC 000534 DANZL, LORI TARGET 000571 EKELING, GUNILLA 000582 FELLOWS, KELLY 000674 HARRISON, KIM 000697 KNISLEY CONSTRUCTION 000740 JOHNSON, BILL 000751 KIRBY, DAVE 000813 BOEHNE, BRAD 000822 HOFMANN, JOHN 000881 KLEIN, CAROL 000920 BLAIR, ANN • 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 90.98 90.98 .00 .00 62.00 62.00 .00 .00 56.00 56.00 .00 .00 609.68 609.68 .00 .00 69.00 69.00 .00 .00 69.00 69.00 .00 .00 1,220.35 1,220.35 .00 .00 62.00 62.00 .00 .00 62.00 62.00 .00 .00 62.00 62.00 .00 .00 28.00 28.00 .00 .00 50.47 50.47 .00 .00 56.00 56.00 .00 .00 28.00 28.00 .00 .00 56.00 56.00 .00 .00 1,500.00 1,500.00 .00 .00 56.00 56.00 .00 .00 56.00 56.00 - .00 .00 63.00 63.00 .00 .00 63.00 63.00 .00 .00 62.00 62.00 .00 .00 29.65 29.65 .00 .00 Date: 10/16/2003 Time: 13:06:27 City of Lino Lakes FM Entry - Invoice Journal Operator: JAL Page: 2 Discount Ve or # Name # of items Net Gross Discount Lost 000939 MCBRIDE, TOM 1 62.00 62.00 .00 .00 000949 HANSON, DOUG 1 63.00 63.00 .00 .00 001011 PROVIDENCE HOMES, INC. 1 1,500.00 1,500.00 .00 .00 001060 YOUNG, LESLEY 1 31.50 31.50 .00 .00 001127 STACK, CHRIS 1 69.00 69.00 .00 .00 001130 STEICHER, KEITH 1 56.00 56.00 .00 .00 001165 TRETTEL, GARY 1 63.00 63.00 .00 .00 001187 CONNEXUS ENERGY 1 3,587.49 3,587.49 .00 .00 001840 HILLESHEIM, TIM 1 221.44 221.44 .00 .00 002208 LAW ENFORCEMENT LABOR SERVICES, INC. 1 777.00 777.00 .00 .00 002684 MILLER, DAVID 1 56.00 56.00 .00 .00 002685 MCLEAN, CLAIRE 1 28.00 28.00 .00 .00 002700 CENTERPOINT /MINNEGASCO, INC. 1 189.90 189.90 .00 .00 003160 KOEHLER, BRIAN 1 62.00 62.00 .00 .00 003250 XCEL ENERGY 1 9,313.15 9,313.15 .00 .00 003478 PECCHIA, DAVID CHIEF 1 1,500.00 1,500.00 .00 .00 1101 ANDERSON, MARK 1 28.00 28.00 .00 .00 003560 BUSSIERE, RANDY 1 63.00 63.00 .00 .00 003561 BARNHOFT, REID 1 56.00 56.00 .00 .00 003562 CAYNE, MITCH 1 63.00 63.00 .00 .00 003563 COLTVET, NATHAN 1 63.00 63.00 .00 .00 003564 DOMAGALL, JOHN 1 31.50 31.50 .00 .00 003567 GROW, CHRIS 1 28.00 28.00 .00 .00 003590 GLINSEK, SUSAN 1 56.00 56.00 .00 .00 003594 HUESMAN, REBECCA 1 69.00 69.00 .00 .00 003601 HILDEBRANT, TOM 1 28.00 28.00 .00 .00 003619 HAUGEN, JEFF 1 56.00 56.00 .00 .00 • Date: 10/16/2003 Time 13:06:27 City of Lino Lakes FM Entry - Invoice Journal Operator: JAL Page: 3 Discount Vr # Name # of items Net Gross Discount Lost 003624 HERR, TIM 1 56.00 56.00 .00 .00 003625 HUBBELL, RHONDA 1 56.00 56.00 .00 .00 003627 HAMMERSTEIN, SANDY 1 56.00 56.00 .00 .00 003640 KEEN, PETE 1 31.50 31.50 .00 .00 003662 KAISER, SCOTT 1 63.00 63.00 .00 .00 003678 LEE, CHRIS 1 28.00 28.00 .00 .00 003679 MELBY, JEFF 1 69.00 69.00 .00 .00 003711 PICKHARTZ, STEVE 1 63.00 63.00 .00 .00 003754 SHOCK, TOM 1 63.00 63.00 .00 .00 003761 SPAULDING, STEVE 1 31.50 31.50 .00 .00 003763 TODD, KERRI 1 63.00 63.00 .00 .00 003781 TLACHAC, STEVE 1 69.00 69.00 .00 .00 003782 VAIL, JIM 1 31.50 31.50 .00 .00 003790 DEWIDT, ROB 1 69.00 69.00 .00 .00 003801 WILL, DAVE 1 63.00 63.00 .00 .00 003910 SAM'S CLUB, INC. 1 459.03 459.03 .00 .00 C. T & D HOMES 1 500.00 500.00 .00 .00 004560 U S BANK 1 708.11 708.11 .00 .00 004671 VERIZON WIRELES, BELLEVUE 1 55.28 55.28 .00 .00 900139 KLEHR, JENNY 1 56.00 56.00 .00 .00 900539 BROWN, MELINDA 1 74.85 74.85 .00 .00 900550 REHBEIN, MELVIN 1 93.00 93.00 .00 .00 Grand Totals: 71 25,290.88 25,290.88 .00 .00* • Date: 10/20/2003 Time: 09:09:55 Ranges: Vendor #: (A) Invoice #: (A) 1111 Entry Journal #: (R) 3477 3477 Trans #: (A) Line #: (A) Due Date: (A) Bank #: (A) City of Lino Lakes FM Entry - Invoice Journal Operator: JAL Page: 1 Options: Detail / Summary: S Invoice Status: A # of copies: 1 Sort: N Check Over Expend: N Discount Vendor # Name # of items Net Gross Discount Lost 000017 MINNESOTA CHIEFS OF POLICE 1 40.79 40.79 .00 .00 000093 ACE SOLID WASTE, INC. 1 491.61 491.61 .00 .00 000103 ONVOY, INC. 1 47.50 47.50 .00 .00 000162 BARNA, GUZY & STEFFEN, LTD. 1 43.00 43.00 .00 .00 000190 INTERSTATE ALL BATTERY CENTER, INC. 1 42.55 42.55 .00 .00 000191 MACQUEEN EQUIPMENT, INC. 1 849.24 849.24 .00 .00 000210 AMERICAN FASTENER & SUPPLY, INC. 1 13.79 13.79 .00 .00 000227 DELL MARKETING L.P. 1 2,243.91 2,243.91 .00 .00 000265 NASH SALES, INC. 1 100.00 100.00 .00 .00 000293 WIPERS AND WIPES, INC. 3 176.00 176.00 .00 .00 000309 INET7 INTERNET SERVICES, INC. 1 89.85 89.85 .00 .00 0li AMERIPRIDE LINEN /APPAREL SERVICES, INC. 1 69.08 69.08 .00 .00 000465 MN DEPT OF ADMIN /INTECH GROUP 1 37.00 37.00 .00 .00 000522 INTERSTATE BATTERIES, INC. 1 83.01 83.01 .00 .00 000540 AUTO- MEDICS, INC. 1 133.13 133.13 .00 .00 000541 ASPEN MILLS, INC. 1 99.90 99.90 .00 .00 000544 STATE OF MINNESOTA 1 30.00 30.00 .00 .00 000646 NORTHLAND CHEMICAL CORPORATION 1 188.16 188.16 .00 .00 000675 BILL'S RENTAL CENTER, INC. 1 214.06 214.06 .00 .00 000677 PHILIP'S TREE CARE 1 2,010.03 2,010.03 .00 .00 000720 BLAINE, CITY OF 1 754.00 754.00 .00 .00 000724 BLUE TOW SERVICE, INC. 1 350.00 350.00 .00 .00 • Date: 10/20/2003 Time: 09:09:56 City of Lino Lakes FM Entry - Invoice Journal Operator: JAL Page: 2 Discount Ve or # Name # of items Net Gross Discount Lost 000860 BROADWAY AWARDS, INC. 1 107.03 107.03 .00 .00 000900 BUMPER TO BUMPER, INC. 1 417.06 417.06 .00 .00 000946 C. P. OFFICE PRODUCTS 3 605.89 605.89 .00 .00 001044 CHOICEPOINT SERVICES, INC. 1 104.00 104.00 .00 .00 001046 F.M. FRATTALONE EXC /GRADING, INC. 1 435,001.53 435,001.53 .00 .00 001050 CENTENNIAL SCHOOLS 1 5,650.00 5,650.00 .00 .00 001062 CULLIGAN, BOTTLED WATER, INC. 1 48.22 48.22 .00 .00 001148 CLEARWATER CREEK CONVENIENCE CENTER, INC 1 59.64 59.64 .00 .00 001260 ACCLAIM BENEFITS 1 181.25 181.25 .00 .00 001270 DALCO, INC. 2 131.81 131.81 .00 .00 001292 DEHN OIL COMPANY, INC. 1 2,929.15 2,929.15 .00 .00 001296 U. S. TENNIS ASSOCIATION 1 25.00 25.00 .00 .00 001297 ARCH, SHARON 1 480.00 480.00 .00 .00 001390 ECM PUBLISHERS, INC 1 30.80 30.80 .00 .00 001396 INSTITUTE FOR ENVIRONMENTAL ASSESSMENT, 1 1,580.77 1,580.77 .00 .00 001480 HAWKINS WATER TREATMENT GROUP, INC. 1 7,564.97 7,564.97 .00 .00 4111, FOREST LAKE FORD, INC. 1 605.73 605.73 .00 .00 001531 FOREST LAKE CONTRACTING, INC. 1 25,149.42 25,149.42 .00 .00 001560 FRATTALLONE'S HARDWARE, INC. 1 260.77 260.77 .00 .00 001561 EMERGENCY AUTOMOTIVE TECHNOLOGIES, INC. 1 46.75 46.75 .00 .00 001600 GALL'S INC. 2 394.19 394.19 .00 .00 001608 GENERAL OFFICE PRODUCTS COMPANY /INC 1 113.83 113.83 .00 .00 001610 GILLUND ENTERPRISES, INC. 1 89.54 89.54 .00 .00 001620 GLENWOOD INGLEWOOD, INC. 1 53.67 53.67 .00 .00 001630 GOA COMPANY, INC. 1 467.43 467.43 .00 .00 001680 ONE CALL CONCEPTS, INC. 1 289.85 289.85 .00 .00 001700 GOVERNMENT TRAIN SERVICE 1 50.00 50.00 .00 .00 • Date: 10/20/2003 Time: 09:09:57 City of Lino Lakes FM Entry - Invoice Journal Operator: JAL Page: 3 Discount Vendor # Name # of items Net Gross Discount Lost 001771 HALVORSON CONCRETE, INC. 1 2,500.00 2,500.00 .00 .00 001814 HARDWOOD CREEK LUMBER, INC. 1 46.33 46.33 .00 .00 001832 QUAD AREA CHAMBER OF COMMERCE 1 150.00 150.00 .00 .00 001860 KENNEDY AND GRAVEN, INC. 2 775.00 775.00 .00 .00 001940 K.E.E.P.R.S., INC. 1 70.95 70.95 .00 .00 002009 10,000 LAKES CHAPTER 1 285.00 285.00 .00 .00 002107 TOLL GAS & WELDING SUPPLIES, INC. 1 5.10 5.10 .00 .00 002153 KNOWLAN'S SUPER MARKETS, INC. 1 43.41 43.41 .00 .00 002248 LARSON ALLEN WEISHAIR & CO., LLP 1 712.80 712.80 .00 .00 002310 LEAGUE OF MINNESOTA CITIES 1 962.46 962.46 .00 .00 002340 IMAGE PRINTING & GRAPHICS, INC. 2 285.37 285.37 .00 .00 002410 LINO LAKES LIONS CLUB 1 400.00 400.00 .00 .00 002467 MAC MAY HOMES 1 1,500.00 1,500.00 .00 .00 002522 DALCO ROOFING /SHEET METAL, INC. 1 1,226.91 1,226.91 .00 .00 002550 MENARDS, INC. 3 27.09 27.09 .00 .00 002570 METRO COUNCIL WASTEWATER SERVICES 1 53,167.00 53,167.00 .00 .00 11111 MIKE TORKELSON DEVELOPMENT, INC. 2 2,000.00 2,000.00 .00 .00 002720 MINNESOTA CITY /COUNTY MGMT ASSOC 1 80.00 80.00 .00 .00 002760 MN. DEPT OF HEALTH 1 4,528.00 4,528.00 .00 .00 002770 MINNESOTA DEPT OF ECONOMIC SECURITY 1 122.95 122.95 .00 .00 002822 MINNESOTA COUNTY ATTORNEYS ASSOC 1 697.31 697.31 .00 .00 002836 MINNESOTA STATE TREASURER 1 6,533.77 6,533.77 .00 .00 003123 NATURE CALLS, INC. 1 390.70 390.70 .00 .00 003180 NEWMAN TRAFFIC SIGNS, INC. 1 213.80 213.80 .00 .00 003443 OTTER LAKE ANIMAL CARE CENTER, INC. 1 121.96 121.96 .00 .00 003789 RIVARD ELECTRIC COMPANY, INC. 1 400.00 400.00 .00 .00 003802 ICMA PROFUCT FULFILLMENT CENTER 1 143.57 143.57 .00 .00 • Date: 10/20/2003 Time: 09:09:58 City of Lino Lakes FM Entry - Invoice Journal Operator: JAL Page: 4 Discount Vendor # Name # of items Net Gross Discount Lost 003807 CREATE A CURB 1 5,876.00 5,876.00 .00 .00 003811 HANSON, DAVID 1 344.91 344.91 .00 .00 003882 SHRED -IT, INC. 1 54.95 54.95 .00 .00 003900 SAFETY KLEEN CORPORATION, INC. 2 166.30 166.30 .00 .00 004100 SPRINGSTED, INC. 1 1,300.00 1,300.00 .00 .00 004172 STATE OF MINNESOTA 1 390.00 390.00 .00 .00 004240 STREICHER'S, INC. 2 456.31 456.31 .00 .00 004340 T.A. SCHIFSKY AND SONS, INC. 2 3,679.53 3,679.53 .00 .00 004410 THANE HAWKINS POLAR CHEVROLET, INC. 1 7.67 7.67 .00 .00 004540 TWIN CITY GARAGE DOOR CO., INC. 1 435.57 435.57 .00 .00 004562 NATIONAL WATERWORKS, INC. 1 958.39 958.39 .00 .00 004720 VIGER, JEAN 1 30.00 30.00 .00 .00 004840 WINNICK SUPPLY, INC. 1 43.73 43.73 .00 .00 005022 PITNEY WORKS RESERVE ACCOUNT 1 5,000.00 5,000.00 .00 .00 005031 GOPHER SPORT, INC. 1 42.66 42.66 .00 .00 900060 DAY- TIMERS, INC. 1 52.15 52.15 .00 .00 107 YMCA 1 7,103.79 7,103.79 .00 .00 900520 MIDWEST DIESEL SERVICE, INC. 1 1,019.09 1,019.09 .00 .00 900523 OLSON SEWER SERVICE, INC. 1 610.00 610.00 .00 .00 900533 QUINLAN PUBLISHING GROUP 1 89.00 89.00 .00 .00 Grand Totals: 110 595,594.44 595,594.44 .00 .00* • Date: 10/21/2003 Time: 08:51:03 Operator: JAL • Ranges: Fund: (A) Dept Id: (A) Program: (A) Vendor #: (A) Invoice #: (A) Schedule Journal #: (R) 3479 - 3483 Bank #: (A) Cash #: (A) Payroll Check Dates: (A) Page: 1 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Options: Print: D Report Format: 1 # of copies: 1 Total By Account: Y Sort: D Print Ranges /Options: Y Process Payroll: N Page on Sort: N Check # Vendor Alpha Name Description Dept Amount 69385 AFSCME COUNCIL #14 PAYROLL WITHHOLDING * * * * * * ** 609.68 69386 AHN, ERIC REIMBURSE PROGRAM REC * * * * * * ** 62.00 69387 ANDERSON, ERIC REIMBURSE PROGRAM REC * * * * * * ** 62.00 69388 ANDERSON, MARK REIMBURSE PROGRAM REC * * * * * * ** 28.00 69389 BARNHOFT, REID REIMBURSE PROGRAM REC * * * * * * ** 56.00 0 BLUE TOW SERVICE, INC. TOW /NISSAN CHM -869 * * * * * * ** 350.00 69391 BOEHNE, BRAD REIMBURSE PROGRAM REC * * * * * * ** 63.00 69394 BUSSIERE, RANDY REIMBURSE PROGRAM REC * * * * * * ** 63.00 69395 CAYNE, MITCH REIMBURSE PROGRAM REC * * * * * * ** 63.00 69397 COLTVET, NATHAN REIMBURSE PROGRAM REC * * * * * * ** 63.00 69399 DANZL, LORI REIMBURSE PROGRAM REC * * * * * * ** 28.00 0 DELL MARKETING L.P. COMPUTER /PRINTER * * * * * * ** 2,243.91 69400 DEWIDT, ROB REIMBURSE PROGRAM REC * * * * * * ** 69.00 69401 DOMAGALL, JOHN REIMBURSE PROGRAM REC * * * * * * ** 31.50 02 EKELING, GUNILLA REIMBURSE PROGRAM REC * * * * * * ** 56.00 3 FELLOWS, KELLY REIMBURSE PROGRAM REC * * * * * * ** 28.00 404 FRIED, TIM REIMBURSE PROGRAM REC * * * * * * ** 56.00 69405 GLINSEK, SUSAN REIMBURSE PROGRAM REC * * * * * * ** 56.00 69406 GROW, CHRIS REIMBURSE PROGRAM REC * * * * * * ** 28.00 69407 HAMMERSTEIN, SANDY REIMBURSE PROGRAM REC * * * * * * ** 56.00 0 HANSON, DAVID REIMBURSE HYDRANT METER * * * * * * ** 344.91 69408 HANSON, DOUG REIMBURSE PROGRAM REC * * * * * * ** 63.00 69409 HARRISON, KIM REIMBURSE PROGRAM REC * * * * * * ** 56.00 69410 HAUGEN, JEFF REIMBURSE PROGRAM REC * * * * * * ** 56.00 69411 HERR, TIM REIMBURSE PROGRAM REC * * * * * * ** 56.00 69412 HILDEBRANT, TOM REIMBURSE PROGRAM REC * * * * * * ** 28.00 69414 HOFMANN, JOHN REIMBURSE PROGRAM REC * * * * * * ** 63.00 69415 HUBBELL, RHONDA REIMBURSE PROGRAM REC * * * * * * ** 56.00 69416 HUESMAN, REBECCA REIMBURSE PROGRAM REC * * * * * * ** 69.00 69417 IRLBECK, BOB REIMBURSE PROGRAM REC * * * * * * ** 62.00 69418 JOHNSON, BILL REIMBURSE PROGRAM REC * * * * * * ** 56.00 69419 KAISER, SCOTT REIMBURSE PROGRAM REC * * * * * * ** 63.00 69420 KEEN, PETE REIMBURSE PROGRAM REC * * * * * * ** 31.50 0 KENNEDY AND GRAVEN, IN LEGAL SERVICES * * * * * * ** 46.50 69421 KIRBY, DAVE REIMBURSE PROGRAM REC * * * * * * ** 56.00 69422 KLEHR, JENNY REIMBURSE PROGRAM REC * * * * * * ** 56.00 • Date: 10/21/2003 Time: 08:51:03 Operator: JAL Check # 69423 69424 69425 69426 69427 69428 0 69429 69430 69431 0 0 69432 0 0 69433 69435 69436 69439 69440 69442 69443 69444 69445 69446 69448 69449 69450 2 4 56 0 0 BLAINE, CITY OF 0 ARCH, SHARON O GOPHER SPORT, INC. 69447 TARGET Page: 2 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Vendor Alpha Name Description Dept Amount KLEIN, CAROL KNISLEY CONSTRUCTION KOEHLER, BRIAN LAW ENFORCEMENT LABOR LEE, CHRIS LOKOWICH, MIKE MAC MAY HOMES MCBRIDE, TOM MCLEAN, CLAIRE MELBY, JEFF METRO COUNCIL WASTEWAT MIKE TORKELSON DEVELOP MILLER, DAVID MINNESOTA STATE TREASU MN. DEPT OF HEALTH MOLDENHAUER, ANDY PICKHARTZ, STEVE PROVIDENCE HOMES, INC. RELIASTAR LIFE INSURAN ROSVOLD, RICK SHOCK, TOM SPAULDING, STEVE STACK, CHRIS STEICHER, KEITH T & D HOMES TLACHAC, STEVE TODD, KERRI TRETTEL, GARY VAIL, JIM WILL, DAVE YOUNG, LESLEY REIMBURSE PROGRAM REC REIM BLDG ESCROW /565 WOO REIMBURSE PROGRAM REC PAYROLL WITHHOLDING REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMB BLDG ESCROW /7963 REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC SEPTEMBER SAC /NOVEMBER REIMB BLDG ESCROW /6487 REIMBURSE PROGRAM REC SURCHARGE QUARTERLY CONNECTION FEE REIMBURSE PROGRAM REC REIMBURSE PROGRAM REC REIMB BLDG ESCROW /2309 T LIFE INSURANCE * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** H * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** s * * * * * * ** s * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** * * * * * * ** REIMBURSE REIMBURSE REIMBURSE REIMBURSE PROGRAM PROGRAM PROGRAM PROGRAM REC REC REC REC REIMBURSE PROGRAM REC REIMB BLDG ESCROW /562 WO REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE REIMBURSE PROGRAM PROGRAM PROGRAM PROGRAM PROGRAM PROGRAM Total for Dept ** REC REC REC REC REC REC LARSON ALLEN WEISHAIR PROFESSIONAL SERVICES PROGRAM Total for Dept 200 PROGRAM REC ADULT IN Total for Dept 201 TIME SHEET ADULT SP Total for Dept 202 FOOTBALLS SUPPLIES Total for Dept 205 O ARCH, SHARON TIME SHEET O CENTENNIAL SCHOOLS PROGRAM REC O U. S. TENNIS ASSOCIATI MEMBERSHIP /BARRY B O YMCA PROGRAM REC SPECIAL SPECIAL YOUTH IN YOUTH IN YOUTH IN YOUTH IN 62.00 1,500.00 62.00 777.00 28.00 62.00 1,500.00 62.00 28.00 69.00 10,098.00 2,000.00 56.00 6,533.77 4,528.00 69.00 63.00 1,500.00 886.42 69.00 63.00 31.50 69.00 56.00 500.00 69.00 63.00 63.00 31.50 63.00 31.50 36,228.69* 14.26 14.26* 754.00 754.00* 160.00 160.00* 42.66 27.20 69.86* 160.00 5,650.00 25.00 7,103.79 Date: 10/21/2003 Time 08:51:03 Operator: JAL • Check # Page: 3 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Vendor Alpha Name Description Dept Amount 0 ARCH, SHARON Total for Dept 207 TIME SHEET Total for Dept 208 0 BROADWAY AWARDS, INC. AWARD Total for Dept 401 0 0 0 0 0 0 69439 0 ACCLAIM BENEFITS CHOICEPOINT SERVICES, CULLIGAN, BOTTLED WATE MINNESOTA CITY /COUNTY MINNESOTA DEPT OF ECON ONVOY, INC. RELIASTAR LIFE INSURAN VIGER, JEAN 0 ECM PUBLISHERS, INC FLEXIBLE SPENDING ADMINI DRUG TESTING MONTHLY SERVICE /SEPTEMBE MEMBERSHIP /DAN T UNEMPLOYMENT TAX WEB HOSTING LIFE INSURANCE CONFERENCE /ANN B & JEAN Total for Dept 402 LEGAL PRINTING Total for Dept 403 69439 RELIASTAR LIFE INSURAN LIFE INSURANCE Total for Dept 406 0 LARSON ALLEN WEISHAIR PROFESSIONAL SERVICES 69439 RELIASTAR LIFE INSURAN LIFE INSURANCE Total for Dept 407 040 QUAD AREA CHAMBER OF C MEMBERSHIP /2003 -2004 9 RELIASTAR LIFE INSURAN LIFE INSURANCE 51 U S BANK A T & T /COMPUTER UPGRADE Total for Dept 415 69439 RELIASTAR LIFE INSURAN LIFE INSURANCE Total for Dept 416 69439 RELIASTAR LIFE INSURAN LIFE INSURANCE Total for Dept 418 0 69393 0 0 69398 0 0 0 0 0 0 • ASPEN MILLS, INC. BROWN, MELINDA C. P. OFFICE PRODUCTS CLEARWATER CREEK CONVE CONNEXUS ENERGY EMERGENCY AUTOMOTIVE T GALL'S INC. GENERAL OFFICE PRODUCT GOVERNMENT TRAIN SERVI ICMA PROFUCT FULFILLME IMAGE PRINTING & GRAPH UNIFORM SUPPLIES REIMBURSE BOOKS OFFICE SUPPLIES CAR WASHES MONTHLY SERVICE / SEPTEMBE FILTER UNIFORM SUPPLIES REPAIR REGISTRATION /ADAM H MANUALS PRINTING 12,938.79* YOUTH SP 160.00 160.00* MAYOR /CO 107.03 107.03* ADMINIST 181.25 ADMINIST 104.00 ADMINIST 48.22 ADMINIST 80.00 ADMINIST 122.95 ADMINIST 47.50 ADMINIST 19.00 ADMINIST 30.00 632.92* ELECTION 30.80 30.80* SENIORS 4.75 4.75* FINANCE 285.12 FINANCE 14.97 300.09* ECONOMIC 150.00 ECONOMIC 4.75 ECONOMIC 25.00 179.75* PLANNING 9.50 9.50* Communit 9.50 9.50* POLICE 99.90 POLICE 74.85 POLICE 212.27 POLICE 59.64 POLICE 15.98 POLICE 46.75 POLICE 394.19 POLICE 113.83 POLICE 50.00 POLICE 143.57 POLICE 31.95 Date: 10/21/2003 Time: 08:51:03 Operator: JAL • Page: 4 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Check # Vendor Alpha Name 0 0 0 0 0 69434 69437 69439 69441 0 0 0 69447 69451 69453 69455 Description Dept Amount K.E.E.P.R.S., INC. UNIFORM SUPPLIES POLICE MINNESOTA CHIEFS OF PO PERMITS POLICE MINNESOTA COUNTY ATTOR CODE BOOKS POLICE MN DEPT OF ADMIN /INTEC WIDE AREA NETWORK /AUGUST POLICE OTTER LAKE ANIMAL CARE ANIMAL CONTROL POLICE PECCHIA, DAVID CHIEF IACP CONFERENCE POLICE REHBEIN, MELVIN 124 PAIR GOPHER FEET POLICE RELIASTAR LIFE INSURAN LIFE INSURANCE POLICE SAM'S CLUB, INC. SUPPLIES POLICE SHRED -IT, INC. STATE OF MINNESOTA STREICHER'S, INC. TARGET U S BANK DESTROY CONFIDENTIAL MAT POLICE CONNECT CHARGES POLICE UNIFORM SUPPLIES POLICE SUPPLIES POLICE A T & T /COMPUTER UPGRADE POLICE VERIZON WIRELES, BELLE MONTHLY SERVICE /SEPTEMBE POLICE XCEL ENERGY MONTHLY SERVICE /SEPTEMBE POLICE Total for Dept 420 69439 RELIASTAR LIFE INSURAN LIFE INSURANCE Total for Dept 421 0 0 0 69439 0 0992 8 0 0 0 0 69439 0 0 69455 FIRE 10,000 LAKES CHAPTER REGISTRATION /PATRICK M/2 BUILDING FRATTALLONE'S HARDWARE PARTS /SUPPLIES IMAGE PRINTING & GRAPH PRINTING RELIASTAR LIFE INSURAN LIFE INSURANCE Total for Dept 422 AUTO- MEDICS, INC. BOLDT, ROBERT CONNEXUS ENERGY BUILDING BUILDING BUILDING TOW #239 STREETS REIMBURSE CLOTHING ALLOW STREETS MONTHLY SERVICE /SEPTEMBE STREETS FRATTALLONE'S HARDWARE PARTS /SUPPLIES STREETS HALVORSON CONCRETE, IN REMOVE /REPLACE CURB & GU STREETS NEWMAN TRAFFIC SIGNS, STREET SIGNS NORTHLAND CHEMICAL COR SUPPLIES RELIASTAR LIFE INSURAN LIFE INSURANCE RIVARD ELECTRIC COMPAN REPAIR STREET LITE STREETS STREETS STREETS STREETS T.A. SCHIFSKY AND SONS ASPHALT STREETS XCEL ENERGY MONTHLY SERVICE /SEPTEMBE STREETS Total for Dept 430 O AMERICAN FASTENER & SU O BUMPER TO BUMPER, INC. O DEHN OIL COMPANY, INC. 0 FOREST LAKE FORD, INC. O FRATTALLONE'S HARDWARE 0 GILLUND ENTERPRISES, I 0 GOA COMPANY, INC. 0 INTERSTATE ALL BATTERY O INTERSTATE BATTERIES, 0 MACQUEEN EQUIPMENT, IN FUSES PARTS /SUPPLIES GASOHOL PARTS /SUPPLIES PARTS /SUPPLIES CHEMICALS OIL BATTERY BATTERY SPROCKET /PULLEY FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET 70.95 40.79 697.31 37.00 121.96 1,500.00 93.00 128.25 370.34 54.95 390.00 456.31 23.27 314.00 55.28 3.14 5,599.48* 14.25 14.25* 285.00 14.85 253.42 17.34 570.61* 133.13 90.98 703.42 44.67 2,500.00 213.80 96.23 27.79 400.00 3,679.53 3,206.87 11,096.42* 13.79 417.06 2,929.15 605.73 76.33 89.54 467.43 42.55 83.01 849.24 Date: 10/21/2003 Time: 08:51:04 Operator: JAL Check # 0 0 69439 0 0 69451 0 0 0 69390 0 69396 69398 0 0 0 0 0 0 0 0 0 0 0 69439 69441 0 0 11051 0 69455 0 0 69396 69398 0 0 0 0 0 69439 69451 0 69455 • Page: 5 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Vendor Alpha Name Description MENARDS, INC. MIDWEST DIESEL SERVICE RELIASTAR LIFE INSURAN THANE HAWKINS POLAR CH TOLL GAS & WELDING SUP U S BANK ACE SOLID WASTE, INC. AMERIPRIDE LINEN /APPAR BARNA, GUZY & STEFFEN, BLAIR, ANN C. P. OFFICE PRODUCTS CENTERPOINT /MINNEGASCO CONNEXUS ENERGY DALCO ROOFING /SHEET ME DALCO, INC. DAY - TIMERS, INC. FRATTALLONE'S HARDWARE GLENWOOD INGLEWOOD, IN INSTITUTE FOR ENVIRONM LEAGUE OF MINNESOTA CI MENARDS, INC. NORTHLAND CHEMICAL COR OLSON SEWER SERVICE, I PITNEY WORKS RESERVE A RELIASTAR LIFE INSURAN SAM'S CLUB, INC. STATE OF MINNESOTA TWIN CITY GARAGE DOOR U S BANK TREATED WOOD SWIVEL /HOSE LIFE INSURANCE PARTS CYLINDER DEMURRAGE A T & T /COMPUTER UPGRADE Total for Dept 431 MONTHLY SERVICE /OCTOBER MAT RENTAL PROFESSIONAL SERVICES REIMBURSE POSTAGE OFFICE SUPPLIES MONTHLY SERVICE /SEPTEMBE MONTHLY SERVICE /SEPTEMBE REPAIR LEAKAGE PAIL TABS /REFILLS PARTS /SUPPLIES MONTHLY SERVICE /SEPTEMBE ARCHITECTURAL EVALUATION OVERPAID CLAIM 241 -30765 SUPPLIES SUPPLIES PUMP SEPTIC TANKS POSTAGE ESCROW LIFE INSURANCE SUPPLIES BOILER CERTIFICATE WOOD STOP /WEATHERSTRIP A T & T /COMPUTER UPGRADE WIPERS AND WIPES, INC. JANITORIAL SUPPLIES XCEL ENERGY MONTHLY SERVICE /SEPTEMBE Total for Dept 432 ACE SOLID WASTE, INC. BILL'S RENTAL CENTER, CENTERPOINT /MINNEGASCO CONNEXUS ENERGY FRATTALLONE'S HARDWARE KNOWLAN'S SUPER MARKET NATURE CALLS, INC. PHILIP'S TREE CARE MONTHLY SERVICE /OCTOBER STUMP GRINDER RENTAL MONTHLY SERVICE /SEPTEMBE MONTHLY SERVICE /SEPTEMBE PARTS /SUPPLIES SUPPLIES PORTABLE RESTROOMS TREE SERVICE QUINLAN PUBLISHING GRO BULLETINS RELIASTAR LIFE INSURAN LIFE INSURANCE U S BANK A T & T /COMPUTER UPGRADE WIPERS AND WIPES, INC. CAN LINERS XCEL ENERGY MONTHLY SERVICE /SEPTEMBE Total for Dept 450 Dept FLEET FLEET FLEET FLEET FLEET FLEET Amount GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME GOVERNME PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS PARKS 19.23 1,019.09 5.46 7.67 5.10 224.00 6,854.38* 350.04 69.08 43.00 29.65 393.62 111.98 1,121.78 1,226.91 131.81 52.15 24.48 53.67 1,580.77 962.46 7.86 91.93 610.00 5,000.00 4.75 88.69 30.00 435.57 78.03 161.09 3,530.53 16,189.85* 141.57 214.06 29.50 47.93 84.55 43.41 390.70 1,828.98 89.00 26.13 67.08 14.91 82.84 3,060.66* Date: 10/21/2003 Time: 08:51:04 Operator: JAL Check # 0 69439 69439 Page: 6 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Vendor Alpha Name Description Dept Amount INET7 INTERNET SERVICE HOSTING PACKAGE /10 -7 - 1 RECREATI RELIASTAR LIFE INSURAN LIFE INSURANCE RECREATI Total for Dept 451 89.85 15.20 105.05* RELIASTAR LIFE INSURAN LIFE INSURANCE ENVIRONM 2.14 Total for Dept 461 2.14* 0 FRATTALLONE'S HARDWARE PARTS /SUPPLIES SOLID 0 LINO LAKES LIONS CLUB SERVICES RENDERED /RECYCL SOLID 0 NASH SALES, INC. RECYCLING DAY/2492 LBS SOLID 69439 RELIASTAR LIFE INSURAN LIFE INSURANCE 0 SAFETY KLEEN CORPORATI RECYCLE USED OIL 0 WINNICK SUPPLY, INC. SUPPORTS Total for Dept 462 0 HARDWOOD CREEK LUMBER, HUBS 69439 RELIASTAR LIFE INSURAN LIFE INSURANCE Total for Dept 463 WA 7.63 WA 400.00 WA 100.00 SOLID WA .47 SOLID WA 166.30 SOLID WA 21.90 696.30* FORESTRY 46.33 FORESTRY 2.14 48.47* 0 SPRINGSTED, INC. REBATE CALCULATIONS DEBT SER 1,300.00 Total for Dept 470 1,300.00* 69396 69398 0 69413 0 0 0 0 39 69455 69398 0 69413 0 0 0 69439 0 69455 • CENTERPOINT /MINNEGASCO CONNEXUS ENERGY HAWKINS WATER TREATMEN HILLESHEIM, TIM LARSON ALLEN WEISHAIR NATIONAL WATERWORKS, I ONE CALL CONCEPTS, INC PHILIP'S TREE CARE RELIASTAR LIFE INSURAN XCEL ENERGY CONNEXUS ENERGY FRATTALLONE'S HARDWARE HILLESHEIM, TIM LARSON ALLEN WEISHAIR METRO COUNCIL WASTEWAT ONE CALL CONCEPTS, INC RELIASTAR LIFE INSURAN WINNICK SUPPLY, INC. XCEL ENERGY 0 CREATE A CURB 0 F.M. FRATTALONE EXC /GR 0 FOREST LAKE CONTRACTIN 0 KENNEDY AND GRAVEN, IN 0 LARSON ALLEN WEISHAIR MONTHLY SERVICE /SEPTEMBE WATER MONTHLY SERVICE /SEPTEMBE WATER CHEMICALS WATER REIMBURSE CLOTHING ALLOW WATER PROFESSIONAL SERVICES TOUCH PADS /FLANGE KITS MONTHLY SERVICE /SEPTEMBE WATER TREE SERVICE WATER LIFE INSURANCE WATER MONTHLY SERVICE /SEPTEMBE WATER 48.42 1,351.30 7,564.97 110.72 WATER 71.28 WATER 958.39 144.92 181.05 16.17 1,518.20 11,965.42* Total for Dept 494 MONTHLY SERVICE /SEPTEMBE PARTS /SUPPLIES REIMBURSE CLOTHING ALLOW PROFESSIONAL SERVICES SEPTEMBER SAC /NOVEMBER S MONTHLY SERVICE /SEPTEMBE LIFE INSURANCE SUPPORTS MONTHLY SERVICE /SEPTEMBE Total for Dept 495 SEWER 347.08 SEWER 8.26 SEWER 110.72 SEWER 71.27 SEWER 43,069.00 SEWER 144.93 SEWER 11.37 SEWER 21.83 SEWER 971.57 44,756.03* 1808 INSTALLED FEET OTHER 5,876.00 CONTRACTOR /ELM STREET OTHER 435,001.53 CONTRACTOR /LAKE & APOLLO OTHER 25,149.42 LEGAL SERVICES OTHER 728.50 PROFESSIONAL SERVICES OTHER 270.87 Date: 10/21/2003 Time: 08:51:04 Operator: JAL Page: 7 City of Lino Lakes FM Entry - Invoice Payment - Approval of Bills Check # Vendor Alpha Name Description Dept Amount • • Total for Dept 499 467,026.32* Grand Total 620,885.32* • • Centennial Fire District Check Register 10/22/2003 The disbursements listed below are submitted by the Centennial Fire District for your approval: DATE CHECK# NAME 8/19/2003 13906 8/19/2003 13907 8/19/2003 13908 8/19/2003 13909 8/19/2003 13910 8/19/2003 13911 8/19/2003 13912 8/19/2003 13913 8/19/2003 13914 8/19/2003 13915 8/19/2003 13916 8/19/2003 13917 8/19/2003 13918 8/19/2003 13919 8/19/2003 13920 8/19/2003 13921 8/19/2003 13922 8/19/2003 13923 8/19/2003 13924 8/19/2003 13925 8/19/2003 13926 8/19/2003 13927 8/19/2003 13928 8/19/2003 13929 8/19/2003 13930 Amoco Oil Company Arthur Mohler Bauer Built, Inc. Citgo Petroleum Corporation Connexus Energy Emergency Apparatus Maintenance Fire Instruction & Rescue Education, Inc. Frattallone's Hardware Loffler Business Systems Lynn Card Company Metro Fire Mid America Specialties Minnesota State Fire Chief's Assn. National Assoc. for Search and Rescue Orkin Exterminating Qwest Ross Industries, Inc. Smith Micro Technologies, Inc. Cameron Haapoja David Bruder Mark's Meat Products Mid America Specialties Sam Hyden Zachary Lansing Janet Haapoja 1 of 1 ACCOUNT AMOUNT 42100 - Fuel and Lube 505.11 42190 - Fire Prevention Supplies 35.09 42000 - Vehicle Maintenance 60.52 42100 - Fuel and Lube 176.26 42252 - Station 1 - Electric 356.04 42000 - Vehicle Maintenance 2,186.50 42220 - Travel, Conference, School 500.00 42110 - Other Maintenance 137.81 42180 - Office Supplies 22.63 42180 - Office Supplies 5.00 42130 - Equipment Expense 915.57 42190 - Fire Prevention Supplies 585.75 42220 - Travel, Conference, School 822.00 42200 - Dues and memberships 49.00 42110 - Other Maintenance 56.23 42240 - Telephone 187.90 42190 - Fire Prevention Supplies 187.44 42130 - Equipment Expense 106.02 45010 - Safety Camp Expense 84.00 45010 - Safety Camp Expense 98.58 45010 - Safety Camp Expense 70.00 45010 - Safety Camp Expense 24.00 45010 - Safety Camp Expense 10.00 45010 - Safety Camp Expense 10.00 45010 - Safety Camp Expense 16,99 Total $7,208.44 • • CONSENT AGENDA ITEM 1B STAFF ORIGINATOR: Al Rolek MEETING DATE: October 27, 2003 TOPIC: Resolution 03 -182 Amending the City of Lino Lakes Flexible Spending Accounts Plan VOTE REQUIRED: Simple Majority (3/5 vote) BACKGROUND: The City maintains a flexible spending accounts plan through which employees may elect to pay for medical and daycare expenses using pre -tax income. From time to time it is necessary to update our plan documents to comply with and incorporate new regulations. It is recommended that the city's Flexible Spending Accounts Plan be amended to include the following changes; 1. Effective November 1, 2003, the provisions of the Plan referencing the reimbursement procedures shall be amended to remove the following language: "Keep in mind that faxed claims receive priority over mailed claims. Faxed claims received Monday through Friday by 3:00 pm, CT, will be audited and entered that same day." 2. Effective, January 1, 2004, the provisions of the Plan referencing the eligibility of certain health care expenses shall be amended to include over - the - counter drugs. This amendment to the Plan is intended to comply with Revenue Ruling 2003 -102 issued September 3, 2003. Effective January 1, 2004, Acclaim Benefits will enact a reimbursement minimum. This minimum is subject to change at the discretion of the Plan and /or Acclaim Benefits. Resolution 03 -182 incorporates the above changes into the current plan document OPTIONS: 1. Approve Resolution 03 -182 2. Deny Resolution 03 -182 RECOMMENDATION: 111/ Option 1 • • • CITY OF LINO LAKES RESOLUTION 03 -182 RESOLUTION AMENDING THE CITY OF LINO LAKES FLEXIBLE SPENDING ACCOUNTS PLAN WHEREAS, the Plan was adopted per Resolution No. 78 -90 with the effective date of January 1, 1991, and WHEREAS, the Plan was amended and restated per Resolution No 95 -156 with an effective date of January 1, 1996, and per Resolution No. 00 -19 with an effective date of January 1, 2001 and per Resolution 03 -07 with an effective date of January 1, 2003 and again per Resolution 03 -50 with an effective date of April 14, 2003; and WHEREAS, the City of Lino Lakes provides employees with an opportunity to pay for certain employee welfare benefits on a pre -tax basis through the above mentioned Plan; and WHEREAS, the city considers it desirable and in the best interests of the Plan to make the following amendments to the Plan; NOW, THEREFORE BE IT RESOLVED, pursuant to the authority reserved in the Plan to allow amendments to the Plan, the Plan is amended as follows: 1. Effective November 1, 2003, the provisions of the Plan referencing the reimbursement procedures shall be amended to remove the following language: "Keep in mind that faxed claims receive priority over mailed claims. Faxed claims received Monday through Friday by 3:00 pm, CT, will be audited and entered that same day." and 2. Effective, January 1, 2004, the provisions of the Plan referencing the eligibility of certain health care expenses shall be amended to include over - the - counter drugs. This amendment to the Plan is intended to comply with Revenue Ruling 2003 -102 issued September 3, 2003, and • • • 3. Effective January 1, 2004, Acclaim Benefits will enact a reimbursement minimum. This minimum is subject to change at the discretion of the Plan and /or Acclaim Benefits. BE IT FURTHER RESOLVED, that appropriate officers of the city are hereby authorized and directed to execute and deliver all documents necessary for the proper implementation of the amendment to the Plan to ensure that the amendment hereby approved is in effect by the above stated dates. Adopted by the Lino Lakes City Council the 27th day of October 2003. John J. Bergeson, Mayor Ann Blair, City Clerk 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 the same: Whereupon said resolution was declared duly passed and adopted. AGENDA ITEM 7Bi • STAFF ORIGINATOR: James E. Studenski, City Engineer COUNCIL MEETING DATE: October 27, 2003 TOPIC: Resolution No. 03 -174, Adopting Proposed Assessment Roll, 21' Avenue Street & Storm Sewer Improvement Project VOTE REQUIRED: 3/5 Vote Required BACKGROUND: On October 13, 2003, the City Council held the Public Hearing for the proposed assessments for the 21st Avenue Street & Storm Sewer Improvement project. The Public Hearing was closed on October 13, 2003 Summaries of the project costs and revised assessments are attached. Project costs projected in the feasibility report were $494,782.00. We were able to use existing ponding areas within the City of Centerville, which reduced costs for the project. The total amount to be assessed for the project is $360,000.00. The cost split between the two cities is $120,000.00 for the City of Centerville and $240,000.00 for the City of Lino Lakes. This project includes the reconstruction of existing portions of 21' Avenue and Northern Lights Boulevard. The benefiting properties are proposed to be assessed for 100% of the storm sewer costs and 60% of the street costs as defined in the Public Improvement Financing Policy. The total cost to be assessed is $135,074.02. This results in a proposed cost of $104,925.98 for the City of Lino Lakes. OPTIONS: 1. Adopt Resolution 03 -174, Adopting Proposed Assessment Roll for the 21St Avenue Street & Storm Sewer Improvement Project. 2. Not Adopt Resolution No. 03 -174. 3. Return to staff for further review. RECOMMENDATION: Option No. 1 - Staff recommends that Resolution No. 03 -174 be adopted. • • CITY OF LINO LAKES RESOLUTION NO. 03 -174 ADOPTING PROPOSED ASSESSMENT ROLL FOR THE 21sT AVENUE STREET & STORM SEWER IMPROVEMENT PROJECT WHEREAS, pursuant to proper notice duly given as required by law, the City Council met and heard and passed upon all objections to the proposed assessment for the 21st Avenue Street & Storm Sewer Improvement Project, 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 2004, 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, 2003. 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 26, 2003. 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 27th day of October, 2003. Ann Blair, City Clerk John J. Bergeson, Mayor The City of Centerville's portion of the assessments is calculated per the description in the report, not by the costs per front foot shown. pA A A A NJ NJ 6 . ) C C) r N N N N N N N N N N N 16 N N N bbbbb O O O O O 00000 OD CO V O) cn 23 r" N CDD O N C SSy S-I N N O m 7 7 0- 3 O -0 "0 W O O O O a W (D O N co 4 a FD- N N D) 7 ca D) co 3 co O CD CD (D D1 N N N N N N (D CD (D CD CD (D (D N )D (D N O V • CD W V Vp�� V T EA EA m O,D A co �1 (D b O) 0) -+ O EA a o w m N A V - (O 00) N W 9) N N (O G 0 IV • O O O) O) EA O DD co 0 W W o V 0) 0) W W N P N O CO EA W N to - G_. ✓ 00 V O CO W COD V V ON) O) A DD 0 0) O) O 0 ) A N N se '69 se se se OW) O W N .s' N N O A N -+ N 01 S.-o O 0 N A W" N V 0 O 0) V.O. O• N 0 O r • • • AGENDA ITEM 3A STAFF ORIGINATOR Al Rolek MEETING DATE October 27, 2003 TOPIC Consider Resolution 03 -190 Authorizing The Transfer Of Funds From Tax Increment Financing District 1 -4 (Fund 410) To Tax Increment District 1 -6 (Fund 412) VOTE REQUIRED BACKGROUND Simple Majority (3/5) Staff, along with it's consultant, Springsted, Inc., has undertaken a review of the City's Tax Increment Financing (TIF) Districts. Upon completing the review it was concluded that TIF District 1 -6 should be decertified this year. However, there remains a deficit in the TIF 1 -6 Fund of $14,527. The City still maintains a balance in the TIF 1 -4 fund, which was decertified in 2000, that may be used to cover the deficit in TIF 1 -6 and enable the City to decertify the district. It is staff's recommendation that the City Council authorize a transfer from the TIF 1 -4 Fund to the TIF 1 -6 Fund to eliminate the deficit. Resolution 03 -190 is presented for your consideration. OPTIONS 1) Adopt Resolution No. 03 -190. 2) Return to staff for further review. 3) Do not adopted Resolution No. 03 -190. RECOMMENDATION Option 1. • • • RESOLUTION 03 -190 RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM TAX INCREMENT FINANCING DISTRICT 1 -4 (FUND 410) TO TAX INCREMENT FINANCING DISTRICT 1 -6 (FUND 412) WHEREAS, Tax Increment Financing District 1 -4 has fulfilled all contracted obligations and was decertified on March 26, 2000; and WHEREAS, Tax Increment Financing District 1 -4 (Fund 410) has an uncommitted fund balance of $47,243; and WHEREAS, such excess funds in Tax Increment Financing District 1 -4 (Fund 410) are available for use for certain expenses in other TIF districts; and WHEREAS, Tax Increment Financing District 1 -6 (Fund 412) has fulfilled all contracted obligations and has a current fund deficit of $14,527; and WHEREAS, it is the intent of the City Council of Lino Lakes to eliminate the deficit in Tax Increment Financing District 1 -6 (Fund 412) in order to decertify the District. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes, Minnesota that a transfer of funds is hereby authorized as follows to eliminate the deficit in Tax Increment Financing District 1 -6 (Fund 412): From To TIF District 1 -4 (Fund 410) $14,527 TIF District 1 -6 (Fund 412) $14,527 Adopted by the Lino Lakes City Council the 27th day of October 2003. Ann Blair, City Clerk John J. Bergeson, Mayor • AGENDA ITEM 3 -B • • STAFF ORIGINATOR: DATE: Al Rolek 10/27/03 TOPIC: Resolution No. 03 -191 Decertifying Tax Increment Financing District No. 1 -6, Apollo Business Park BACKGROUND: Tax Increment Financing District No. 1 -6 was established in 1994 as a one - project district to provide assistance to UDOR U.S.A. The obligations in that district have been satisfied. This resolution terminates the district as of November 15, 2003. This project, totaling approximately $375,000 in market value, will add an additional $3,000 of city taxes on the tax rolls. OPTION 1. Adopt Resolution No. 03 -191 Decertifying Tax Increment Financing District No. 1 -6 2. Return to staff for further consideration RECOMMENDATION: Option 1 • RESOLUTION 03 -191 TERMINATING TAX INCREMENT FINANCING DISTRICT 1 -6 AND DIRECTING DECERTIFICATION THEREOF BY THE COUNTY AUDITOR WHEREAS, by adoption of a resolution on August 11, 1994, the City Council of the City of Lino Lakes, Minnesota (the "City ") has heretofore created Tax Increment Financing District 1 -6 (the "District "), located within Development District No. 1, and has approved a Tax Increment Financing Plan (the "TIF Plan "), for the District to provide assistance to the UDOR; and WHEREAS, the County Auditor of Anoka County has certified the original net tax capacity and the original local tax rate of the District pursuant to the provisions of Minnesota Statutes, Section 469.177; and WHEREAS, as of the date hereof, all of the projects have been completed, all obligations to which tax increment from the District has been pledged have been paid in full or defeased, and the City has determined that it is in the best interests of the City to terminate and decertify the District. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes, Minnesota that: • (1) Tax Increment Financing District 1 -6 is hereby terminated as of November 15, 2003. (2) The Clerk- Administrator shall provide a certified copy of this resolution to the County Auditor of Anoka County so that the District may be decertified on the books and records of the County Auditor with no further tax increment from the District being remitted to the City. Adopted by the Lino Lakes City Council the 27th day of October 2003. Ann Blair, City Clerk • John J. Bergeson, Mayor • • STAFF ORIGINATOR: DATE: AGENDA ITEM 3 -C Al Rolek 10/27/03 TOPIC: Resolution No. 03 -192 Decertifying Tax Increment Financing District No. 1 -7, Apollo Business Park BACKGROUND: Tax Increment Financing District No. 1 -7 was established in 1995 to provide assistance to businesses to develop the Apollo Business Park. The businesses within the district are Mag Con, Emergency Apparatus Maintenance, Lino Lakes Business Center Phases 1, 2, 3, and 4, Progressive Engineering, Nol -Tech and Rice Industries. These businesses have added approximately $10 million in market value to the city's tax base, hundreds of jobs and approximately $92,000 in city taxes. The obligations in that district have been satisfied. This resolution decertifies the District as of November 15, 2003. OPTION 1. Adopt Resolution No. 03 -192 Decertifying Tax Increment Financing District No. 1 -7 2. Return to staff for further consideration RECOMMENDATION: Option 1 • • RESOLUTION 03 -192 TERMINATING TAX INCREMENT FINANCING DISTRICT 1 -7 AND DIRECTING DECERTIFICATION THEREOF BY THE COUNTY AUDITOR WHEREAS, by adoption of a resolution on May 22, 1995, the City Council of the City of Lino Lakes, Minnesota (the "City ") has heretofore created Tax Increment Financing District 1 -7 (the "District "), located within Development District No. 1, and has approved a Tax Increment Financing Plan (the "TIF Plan "), for the District to provide assistance to several projects within the District; and WHEREAS, the County Auditor of Anoka County has certified the original net tax capacity and the original local tax rate of the District pursuant to the provisions of Minnesota Statutes, Section 469.177; and WHEREAS, as of the date hereof, all of the projects have been completed, all obligations to which tax increment from the District has been pledged have been paid in full or defeased, and the City has determined that it is in the best interests of the City to terminate and decertify the District; and WHEREAS, there remains an excess balance of tax increments collected from within the District. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes, Minnesota that: (1) Tax Increment Financing District 1 -7 is hereby terminated as of November 15, 2003. (2) The Clerk- Administrator shall provide a certified copy of this resolution to the County Auditor of Anoka County so that the District may be decertified on the books and records of the County Auditor with no further tax increment from the District being remitted to the City. (3) The balance of excess tax increments shall be returned to the County Auditor of Anoka County for redistribution to the appropriate taxing jurisdictions. Adopted by the Lino Lakes City Council the 27th day of October 2003. John J. Bergeson, Mayor • Ann Blair, City Clerk • AGENDA ITEM 3 -D • • STAFF ORIGINATOR: DATE: Al Rolek 10/27/03 TOPIC: Resolution No. 03 -193 Decertifying Tax Increment Financing District No. 3 -1, Clearwater Creek Development Center BACKGROUND: Tax Increment Financing District No. 3 -1 was established in 1995 to provide assistance to businesses to develop the Clearwater Creek Development Center on 35E. The businesses within the district are AdGraphics, Northern Wholesale and GNW Machine. These businesses have added more than $11 million in market value to the city's tax base, approximately 300 jobs and approximately $135,000 in annual city taxes. The obligations in that district have been satisfied. This resolution decertifies the District as of November 15, 2003. OPTION 1. Adopt Resolution No. 03 -193 Decertifying Tax Increment Financing District No. 3 -1 2. Return to staff for further consideration RECOMMENDATION: Option 1 • RESOLUTION 03 -193 TERMINATING TAX INCREMENT FINANCING DISTRICT 3 -1 AND DIRECTING DECERTIFICATION THEREOF BY THE COUNTY AUDITOR WHEREAS, by adoption of a resolution on June 29, 1995, the City Council of the City of Lino Lakes, Minnesota (the "City ") has heretofore created Tax Increment Financing District 3 -1 (the "District "), located within Development District No. 3, and has approved a Tax Increment Financing Plan (the "TIF Plan "), for the District to provide assistance to several projects within the District; and WHEREAS, the County Auditor of Anoka County has certified the original net tax capacity and the original local tax rate of the District pursuant to the provisions of Minnesota Statutes, Section 469.177; and WHEREAS, as of the date hereof, all of the projects have been completed, all obligations to which tax increment from the District has been pledged have been paid in full or defeased, and the City has determined that it is in the best interests of the City to terminate and decertify the District; and WHEREAS, there remains an excess balance of tax increments collected from within the District. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes, Minnesota that: (1) Tax Increment Financing District 3 -1 is hereby terminated as of November 15, 2003. (2) The Clerk- Administrator shall provide a certified copy of this resolution to the County Auditor of Anoka County so that the District may be decertified on the books and records of the County Auditor with no further tax increment from the District being remitted to the City. (3) The balance of excess tax increments shall be returned to the County Auditor of Anoka County for redistribution to the appropriate taxing jurisdictions. Adopted by the Lino Lakes City Council the 27th day of October 2003. John J. Bergeson, Mayor io Ann Blair, City Clerk • • • AGENDA ITEMS 3E & 3F STAFF ORIGINATOR Al Rolek MEETING DATE October 27, 2003 TOPIC Consideration of Resolution 03 -194 Providing for the Issuance and Sale of $2,120,000 G.O. Improvement Refunding Bonds, Series 2003A and Resolution 03 -195 Providing for the Issuance and Negotiated Sale of $250,000 Taxable G.O. Improvement Bonds, Series 2003A VOTE REQUIRED BACKGROUND Simple Majority The City Council has approved public improvement projects for Elm Street Reconstruction, Twilight Acres Watermain and Century Farm Lift Station. In addition, the interest rate environment has made it advantageous for the City to refund its G.O. Improvement Bonds Series 1996A along with the financing of the new projects. To finance the improvements to be made in these projects and perform the refunding it is necessary to issue and sell General Obligation Improvement and Refunding bonds. Our financial advisor, Springsted, Inc., has issued their recommendation for the issuance of $2,120,000 G.O. Improvement and Refunding Bonds Series 2003A. If approved the sale would occur on November 24, 2003, with consideration for award by the City Council at it's meeting the same day. The issue would have a 15 -year term running from 2005 through 2019 and would be repaid through the levy of special assessments against the benefitted parcels. The City Council has also approved the 21s` Avenue Street and Storm Sewer project in cooperation with the City of Centerville. Lino Lake's cost for this project is approximately $240,000. Since this project lies in a Charter- exempt zone, provisions of the Charter make it necessary to issue taxable bonds for this project. Further, due to the size of the issue, Springsted, Inc. has recommended selling the bonds in a negotiated sale to a local bank rather than a competitive bid. Negotiating the sale of the bonds will avoid some of the normal issuance costs and likely save money on the transaction. The negotiation would take place no later than December 1, 2003. Springsted, Inc. has issued their recommendation for the issuance of $250,000 Taxable G.O. Improvement and Refunding Bonds Series 2003B. Staff Recommendation is for the City Council, in separate actions, to approve Resolution 03 -194 Providing for the Issuance and Sale of $2,120,000 G.O. Improvement and Refunding Bonds, Series 2003A, and to approve Resolution 03 -195 Providing for the Issuance and Sale of $250,000 Taxable G.O. Improvement Bonds, Series 2003B. • • • OPTIONS 1. Adopt Resolutions 03 -194 and 03 -195. 2. Refer to Staff for further review. 3. Deny Resolution 03 -194 and 03 -195. RECOMMENDATION 1 T • • AGENDA ITEMS 3E & 3F STAFF ORIGINATOR Al Rolek MEETING DATE October 27, 2003 TOPIC Consideration of Resolution 03 -194 Providing for the Issuance and Sale of $2,120,000 G.O. Improvement Refunding Bonds, Series 2003A and Resolution 03 -195 Providing for the Issuance and Negotiated Sale of $250,000 Taxable G.O. Improvement Bonds, Series 2003A VOTE REQUIRED Simple Majority The City Council has approved public improvement projects for Elm Street Reconstruction, Twilight Acres Watermain and Century Farm Lift Station. In addition, the interest rate environment has made it advantageous for the City to refund its G.O. Improvement Bonds Series 1996A along with the financing of the new projects. To finance the improvements to be made in these projects and perform the refunding it is necessary to issue and sell General Obligation Improvement and Refunding bonds. Our financial advisor, Springsted, Inc., has issued their recommendation for the issuance of $2,120,000 G.O. Improvement and Refunding Bonds Series 2003A. If approved the sale would occur on November 24, 2003, with consideration for award by the City Council at it's meeting the same day. The issue would have a 15 -year term running from 2005 through 2019 and would be repaid through the levy of special assessments against the benefitted parcels. The City Council has also approved the 21st Avenue Street and Storm Sewer project in cooperation with the City of Centerville. Lino Lake's cost for this project is approximately $240,000. Since this project lies in a Charter- exempt zone, provisions of the Charter make it necessary to issue taxable bonds for this project. Further, due to the size of the issue, Springsted, Inc. has recommended selling the bonds in a negotiated sale to a local bank rather than a competitive bid. Negotiating the sale of the bonds will avoid some of the normal issuance costs and likely save money on the transaction. The negotiation would take place no later than December 1, 2003. Springsted, Inc. has issued their recommendation for the issuance of $250,000 Taxable G.O. Improvement and Refunding Bonds Series 2003B. Staff Recommendation is for the City Council, in separate actions, to approve Resolution 03 -194 Providing for the Issuance and Sale of $2,120,000 G.O. Improvement and Refunding Bonds, • Series 2003A, and to approve Resolution 03 -195 Providing for the Issuance and Sale of $250,000 Taxable G.O. Improvement Bonds, Series 2003B. • 1. Adopt Resolutions 03 -194 and 03 -195. 2. Refer to Staff for further review. 3. Deny Resolution 03 -194 and 03 -195. Option 1 • • • Recommendations For City of Lino Lakes, Minnesota $2,120,000 General Obligation Improvement and Refunding Bonds, Series 2003A Presented to: Honorable John Bergeson, Mayor Members, City Council Mr. Daniel Tesch, Acting City Administrator Mr. Alan Rolek, Finance Director City of Lino Lakes 600 Town Center Parkway Lino Lakes, MN 55014-1182 Study No.: L0502S2 SPRINGSTED Incorporated October 21, 2003 SPRINGSTED Advisors to the Public Sector • • • RECOMMENDATIONS Re: Recommendations for the Issuance of $2,120,000 General Obligation Improvement and Refunding Bonds, Series 2003A ( the "Bonds" or the "Issue ") We respectfully request your consideration of our recommendations for the above -named Issue. Bond proceeds will be used to (i) finance street and utility improvement projects in various areas of the City and (ii) refund the February 1, 2005 through 2007 maturities of the City's General Obligation Improvement Bonds, Series 1996A, dated October 1, 1996. The refunding portion of the transaction is being undertaken to achieve interest cost savings. We recommend the following for the Bonds: 1. Action Requested To establish the date and time of receiving bids and establish the terms and conditions of the offering. 2. Sale Date and Time Monday, November 24, 2003 at 10:00 A.M., with consideration for award by the City Council at 6:30 P.M. that same day. 3. Authority for the Bond Issue The Bonds are being issued pursuant to the City's Charter and Minnesota Statutes, Chapters 475 and 429. 4. Principal Amount of Offering $2,120,000 Included in the Terms of Proposal for the Bonds is a provision that permits the City to increase or reduce the principal amount of the Bonds in any of the maturities. This allows for any necessary adjustments required based on final interest rates and issuance costs. 5. Repayment Term 6. Security and Payment Cycle (a) Security (b) Source of Payment (c) Payment Cycle The Bonds will mature annually February 1, 2005 through 2019. Interest will be payable semi - annually each February 1 and August 1, commencing August 1, 2004. The Bonds will be general obligations of the City. The Bonds will be repaid from special assessments levied against benefited properties. Each year's first -half collection of assessments will be used to pay the interest payment due August 1 in the year of collection. Second -half collections of assessments plus surplus first -half collections will be used to pay the February 1 principal and interest payment due in the following year. The City will file assessments on all properties on or about October 15, 2003 for collection in 2004. • • • City of Lino Lakes, Minnesota October 21, 2003 7. Prepayment Provisions 8. Credit Rating Comments 9. Term Bonds 10. Federal Treasury Regulations Concerning Tax - Exempt Obligations (a) Bank Qualification (b) Rebate Requirements The City may elect on February 1, 2013, and on any date thereafter, to prepay the Bonds due on or after February 1, 2014, at a price of par plus accrued interest. An application will be made to Moody's Investors Service for a rating on the Bonds. The City's current general obligation credit rating is "A2 ". We have included a provision that permits the underwriters to combine multiple maturity years into a term bond, subject to mandatory redemption on the same maturity schedule provided in the Terms of Proposal. The advantage to the underwriter is that it provides large blocks of bonds, which are more attractive to bond funds, and certain pension funds, which deal only with large blocks of bonds. This in turn is a benefit to the City since selling larger blocks of bonds reduces the risk to the underwriter, allowing them to lower their costs and the interest coupons. Since the Bonds are being offered on a competitive bid basis and awarded on the lowest true interest cost, the City will award the Bonds to the best bid regardless of whether term bonds are chosen or not. Under Federal Tax Law, financial institutions cannot deduct from income for federal income tax purposes, expense that is allocable to carrying and acquiring tax - exempt bonds. There is an exemption to this for "bank qualified" bonds, which can be so designated if the issuer does not issue more than $10 million of tax - exempt bonds in a calendar year. Issues that are bank qualified generally receive slightly lower interest rates than issues that are not bank qualified. Since the City expects to issue Tess than $10 million of tax - exempt debt in 2003, this Issue is designated as bank qualified. All tax - exempt issues are subject to the federal arbitrage and rebate requirements, which require all excess earnings created by the financing to be rebated to the U.S. Treasury. The requirements generally cover two categories: bond proceeds and debt service funds. There are exemptions from rebate that may apply in both of these categories. Page 2 City of Lino Lakes, Minnesota October 21, 2003 (c) Bona Fide Debt Service Fund • (d) Economic Life (e) Federal Reimbursement Regulations • There is an exemption from rebate for a municipality that issues $5 million or Tess of tax - exempt obligations in a calendar year. Since the City does not expect to issue more than $5 million of tax - exempt obligations in 2003, this Issue will be exempt from rebate. Although exempt from rebate, the City must still comply with the arbitrage regulations which require yield restriction of proceeds remaining in a project fund after the three -year temporary period. The City must maintain a bona fide debt service fund for the Bonds or be subject to yield restriction. This requires restricting the investments held in the debt service fund to the yield on the Bonds and /or paying back excess investment earnings in the debt service fund to the federal government. A bona fide debt service fund is a fund for which there is an equal matching of revenue to debt service expense, with carry over permitted equal to the greater of the investment earnings in the fund during that year or 1/12 the debt service of that year. With improvement bonds, such as this Issue, additional diligence should be exercised in monitoring the debt service fund due to the potential accumulation of assessment prepayments which could cause the fund to become non -bona fide. Springsted currently provides arbitrage rebate services for the City under a separate contract. An amendment to that contract adding this Issue has been provided to the City. The average life of the Bonds cannot exceed 120% of the economic life of the projects to be financed. The economic life of the improvements exceeds 20 years. The average life of the Bonds is 5.030 years; therefore the Issue is within the economic life requirements. Federal reimbursement regulations require the City to make a declaration, within 60 days of the actual payment, of its intent to reimburse itself from expenses paid prior to the receipt of Bond proceeds. It is our understanding the City has taken whatever actions are necessary to comply with the federal reimbursement regulations in regards to the Bonds. Page 3 • City of Lino Lakes, Minnesota October 21, 2003 11. Continuing Disclosure 12. Attachments General The Bonds are subject to continuing disclosure requirements set forth by the Securities and Exchange Commission. The SEC rules require the City to undertake an annual update of certain Official Statement information and report any material events to the national repositories. Springsted currently provides continuing disclosure services for the City under a separate contract. An amendment to that contract adding this Issue has been provided to City staff. • Sources and Uses of Funds • Debt Service Schedules • Assessment Income Schedule • Refunding Schedules • Terms of Proposal DISCUSSION The Bonds are being issued to accomplish two primary objectives. First, $920,000, together with other funds of the City, will be used to finance infrastructure projects in various areas of the City, including street and utility improvements and is referred to herein as the Project Portion of the Issue. Second, $1,200,000 will be used to refinance an existing improvement bond of the City and is referred to herein as the Refunding Portion of the Issue. Both components of the Issue are 100% assessed and are expected to generate an annual surplus of assessment income over debt service. A detailed schedule of the sources and uses of the two components is shown on page 7. The net debt service schedule for the Bonds is shown on page 8 and shows the new assessment income, the remaining assessment income and the annual surplus for the Issue as a whole. Project Portion Proceeds of the Bonds attributable to new projects are being used to finance three street and utility projects in various areas of the City which include (i) the Elm Street project, (ii) the Twilight Acres Water Main project and (iii) the Century Farm Lift Station project. In addition to the bond proceeds, the City expects to contribute $2,014,930 from other funds of the City and various other sources. A detailed sources and uses of funds schedule is shown on page 7. The Bonds will be repaid from special assessments levied against benefited properties. Assessments in the aggregate amount of $894,616 will be filed on or about October 15, 2003. Assessments will be spread over a term of 15 years, with even annual total payments of principal and interest. Interest will be charged on the unpaid principal balance at a rate of 7 %. The projected aggregate assessment income schedule is shown on page 9 and projected assessment income schedules by project are shown on pages 10 - 12. Page 4 City of Lino Lakes, Minnesota October 21, 2003 It is expected that assessment income, if collected as scheduled, will be sufficient to pay 100% of the debt service on the Project Portion of the Issue. Debt service on the Project Portion of the Bonds has been structured around the projected assessment income to provide for even annual cash flow surpluses over the repayment term beginning with calendar year 2005. Our recommended principal structure for the Project Portion of the Bonds is shown on Page 13. Page 13 shows the following: • Columns 1 through 4 show the annual principal, estimated interest rates and projected total principal and interest payments, given the current market environment. • Column 5 shows the 5% overlevy which is required by State statutes and serves as a protection to bondholders and the City in the event of delinquencies in the collection of assessments or taxes. • Column 6 shows the total projected assessment income developed on Pages 9 through 12. • Column 7 shows the difference between columns 5 and 6 and represents the projected annual surplus of assessment income over 105% of debt service. Based on projected assessment income, it is expected that the City will not be required to levy ad valorem property taxes to pay debt service on the Bonds. Refunding Portion • Proceeds of the Refunding Portion of the Bonds will be used on February 1, 2004 to redeem the February 1, 2005 through 2007 maturities of the City's General Obligation Improvement Bonds, Series 1996A (the "Series 1996A Bonds "), dated October 1, 1996 and currently outstanding in the aggregate principal amount of $1,570,000. Because the Series 1996A Bonds will be redeemed within 90 days of the issuance of the Bonds, the transaction will be conducted as a current refunding. The objective of the transaction is to achieve interest cost savings. On February 1, 2004, the City will use (i) funds on hand from 2003 collections of assessments to pay the scheduled principal and interest due on the Series 1996A Bonds and (ii) proceeds of the Refunding Portion of the Bonds to prepay the remaining $1,170,000 of outstanding principal of the Series 1996A Bonds. The City will need to invest the proceeds of the Refunding Portion Bonds for the period between the closing date and the February 1, 2004 call date in order to achieve the savings level estimated for this transaction. Based on current interest rate estimates, the Refunding Portion of the Bonds are projected to generate cash flow savings averaging approximately $14,700 annually. This results in aggregate future value savings of approximately $48,200, with a net present value benefit to the City of approximately $44,000. These estimates are net of all costs associated with the refunding. The City will begin to realize cash flow savings beginning with the City's 2003 levy and the August 1, 2004 interest payment. We have attached a set of schedules that summarizes the refunding statistics and the projected savings resulting from the sale of the Bonds. These schedules include the following information about the proposed Refunding Portion of the Bonds: • Refunding Summary: shows the sizing of the Refunding Portion of the Bonds, savings data and bond data — page 14 • Page 5 • • • City of Lino Lakes, Minnesota October 21, 2003 • Prior Original Debt Service: shows the existing debt service requirements for the Series 1996A Bonds without a refunding — page 15 • Debt Service to Maturity and to Call: shows remaining debt service to maturity and to the call date for the Series 1996A Bonds — page 16 • Net Debt Service Schedule: shows (i) the new debt service on the Refunding Portion of the Bonds, based on current estimated interest rates; (ii) the scheduled debt service due on the Series 1996A Bonds on February 1, 2004; (iii) the current projection of assessment income; and (iv) the projected annual surplus of assessment income over 105% of debt service — page 17 • Debt Service Comparison: shows the projected annual cash flow savings of the Refunding Portion of the Bonds in comparison to the Series 1996A Bonds — Page 18 The estimated savings results of the refunding are subject to market conditions. We will monitor market performance between now and the date of sale. Springsted is pleased to again be of service to the City of Lino Lakes. Respectfully submitted, ck?1)GC5?/3(_1Z; SPRINGST i Incorporated mb Provided to Staff: Rebate and Continuing Disclosure Contract Amendments Page 6 P $2,120,000 City of Lino Lakes, Minnesota General Obligation Improvement and Refunding Bonds Series 2003A TOTAL ISSUE SOURCES AND USES Dated 12/01/2003 Delivered 12/01/2003 New Projects Series 2003 Ref 96A Issue Summary SOURCES OF FUNDS Par Amount of Bonds $920,000.00 $1,200,000.00 $2,120,000.00 State Aid 1,610,506.00 - 1,610,506.00 Trunk Fund 205,500.00 205,500.00 SWMF 181,924.00 181,924.00 Other contributions 17,000.00 - 17,000.00 TOTAL SOURCES $2,934,930.00 $1,200,000.00 $4,134,930.00 USES OF FUNDS Elm Street 2,489,546.00 - 2,489,546.00 Deposit to Current Refunding Fund - 1,170,000.00 1,170,000.00 Century Farm Lift Station 220,000.00 - 220,000.00 Twilight Acres Water Main 200,000.00 - 200,000.00 Costs of Issuance 13,900.00 14,550.00 28,450.00 Total Underwriter's Discount (1.100 %) 10,120.00 13,200.00 23,320.00 Rounding Amount 1,364.00 2,250.00 3,614.00 TOTAL USES $2,934,930.00 $1,200,000.00 $4,134,930.00 Springsted Incorporated Advisors to the Public Sector • File = LINOLAKES.SF- Series 2003A - Issue Summary 10/20/2003 9:59 AM Page 7 Dated 12/01/2003 Delivery Date 12/01/2003 First Coupon Date 8/01/2004 YIELD STATISTICS Bond Year Dollars $10,663.33 Average Life 5.030 Years Average Coupon 3.2902625% Net Interest Cost (NIC) 3.5089559% True Interest Cost (TIC) 3.4652997% Bond Yield for Arbitrage Purposes 3.2160046% All Inclusive Cost (AIC) 3.7766465% IRS FORM 8038 Net Interest Cost 3.2902625% Weighted Average Maturity Interest rates are estimates. Changes in rates may cause significant alterations to this schedule. The actual underwriter's discount bid may also vary. 5.030 Years Springsted Incorporated Advisors to the Public Sector • File = LINOLAKES.SF -Series 2003A -Issue Summary 10/20/2003 9:59 AM Page 8 $2,120,000 City of Lino Lakes, Minnesota General Obligation Improvement and Refunding Bonds Series 2003A NET DEBT SERVICE SCHEDULE New Assmt Remaining Assmts Annual Date Principal Coupon Interest Total P +I PCF Existing D/S Net New D/S 105% of Total Income 1996A Bonds Surplus (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) 2/01/2004 - - - - (1,946.76) 439,630.00 437,683.24 459,567.40 - Collected in 2003 2/01/2005 460,000.00 1.300% 59,109.16 519,109.16 - - 519,109.16 545,064.62 99,580.61 474,834.00 29,349.99 2/01/2006 450,000.00 1.650% 44,685.00 494,685.00 - - 494,685.00 519,419.25 99,580.60 448,262.00 28,423.35 2/01/2007 440,000.00 2.050% 37,260.00 477,260.00 - - 477,260.00 501,123.00 99,580.60 421,689.00 20,146.60 2/01/2008 55,000.00 2.350% 28,240.00 83,240.00 - - 83,240.00 87,402.00 99,580.59 12,178.59 2/01/2009 55,000.00 2.700% 26,947.50 81,947.50 - - 81,947.50 86,044.88 99,580.58 13,535.71 2/01/2010 55,000.00 3.100% 25,462.50 80,462.50 - - 80,462.50 84,485.63 99,580.58 15,094.95 2/01/2011 60,000.00 3.400% 23,757.50 83,757,50 - - 83,757.50 87,945.38 99,580.61 11,635.23 2/01/2012 60,000.00 3.600% 21,717.50 81,717.50 - - 81,717.50 85,803.38 99,580.61 13,777.23 2/01/2013 60,000.00 3.700% 19,557.50 79,557.50 - - 79,557.50 83,535.38 99,580.60 16,045.23 2/01/2014 65,000.00 3.800% 17,337.50 82,337.50 - - 82,337.50 86,454.38 99,580.62 13,126.25 2/01/2015 65,000.00 3.950% 14,867.50 79,867.50 - - 79,867.50 83,860.88 99,580.62 15,719.74 2/01/2016 70,000.00 4.000% 12,300.00 82,300.00 - - 82,300.00 86,415.00 99,580.61 13,165.61 2/01/2017 70,000.00 4.100% 9,500.00 79,500.00 - - 79,500.00 83,475.00 99,580.62 16,105.62 2/01/2018 75,000.00 4.200% 6,630.00 81,630.00 - - 81,630.00 85,711.50 99,580.59 13,869.09 2/01/2019 80,000.00 4.350% 3,480.00 83,480.00 - - 83,480.00 87,654.00 99,580.58 11,926.58 Total 2,120,000.00 - 350,851.66 2,470,851.66 (1,946.76) 439,630.00 2,908,534.90 3,053,961.65 1,493,709.02 1,344,785.00 244,099.78 Dated 12/01/2003 Delivery Date 12/01/2003 First Coupon Date 8/01/2004 YIELD STATISTICS Bond Year Dollars $10,663.33 Average Life 5.030 Years Average Coupon 3.2902625% Net Interest Cost (NIC) 3.5089559% True Interest Cost (TIC) 3.4652997% Bond Yield for Arbitrage Purposes 3.2160046% All Inclusive Cost (AIC) 3.7766465% IRS FORM 8038 Net Interest Cost 3.2902625% Weighted Average Maturity Interest rates are estimates. Changes in rates may cause significant alterations to this schedule. The actual underwriter's discount bid may also vary. 5.030 Years Springsted Incorporated Advisors to the Public Sector • File = LINOLAKES.SF -Series 2003A -Issue Summary 10/20/2003 9:59 AM Page 8 • • • SIGNIFICANT DATES Filing Date 10/15/2003 First Payment Date 12/31/2004 Springsted Incorporated Advisors to the Public Sector File = LINOLAKES.SF- Series 2003A Assessments -Issue Summary 10/20/2003 10:01 AM Page 9 $894,616 City of Lino Lakes, Minnesota General Obligation Improvement and Refunding Bonds Series 2003A - Assessments ASSESSMENT INCOME Date Principal Coupon Interest Total P +I 12/31/2003 - - - - 12/31/2004 23,737.05 7.000% 75,843.56 99,580.61 12/31/2005 38,619.08 7.000% " 60,961.52 99,580.60 12/31/2006 41,322.40 7.000% 58,258.20 99,580.60 12/31/2007 44,214.97 7.000% 55,365.62 99,580.59 12/31/2008 47,310.02 7.000% 52,270.56 99,580.58 12/31/2009 50,621.72 7.000% 48,958.86 99,580.58 12/31/2010 54,165.25 7.000% 45,415.36 99,580.61 12/31/2011 57,956.81 7.000% 41,623.80 99,580.61 12/31/2012 62,013.80 7.000% 37,566.80 99,580.60 12/31/2013 66,354.76 7.000% 33,225.86 99,580.62 12/31/2014 70,999.60 7.000% 28,581.02 99,580.62 12/31/2015 75,969.57 7.000% 23,611.04 99,580.61 12/31/2016 81,287.44 7.000% 18,293.18 99,580.62 12/31/2017 86,977.55 7.000% 12,603.04 99,580.59 12/31/2018 93,065.98 7.000% 6,514.60 99,580.58 Total 894,616.00 - 599,093.02 1,493,709.02 SIGNIFICANT DATES Filing Date 10/15/2003 First Payment Date 12/31/2004 Springsted Incorporated Advisors to the Public Sector File = LINOLAKES.SF- Series 2003A Assessments -Issue Summary 10/20/2003 10:01 AM Page 9 • • $474,616 City of Lino Lakes, Minnesota General Obligation Improvement and Refunding Bonds, Series 2003A Elm Street Project NEW ASSESSMENT INCOME Date Principal Coupon Interest Total P +I 12/31/2003 - - - - 12/31/2004 12,593.09 7.000% 40,236.89 52,829.98 12/31/2005 20,488.38 7.000% 32,341.60 52,829.98 12/31/2006 21,922.56 7.000% 30,907.42 52,829.98 12/31/2007 23,457.14 7.000% 29,372.84 52,829.98 12/31/2008 25,099.14 7.000% 27,730.84 52,829.98 12/31/2009 26,856.08 7.000% 25,973.90 52,829.98 12/31/2010 28,736.01 7.000% 24,093.98 52,829.99 12/31/2011 30,747.53 7.000% 22,082.46 52,829.99 12/31/2012 32,899.86 7.000% 19,930.12 52,829.98 12/31/2013 35,202.85 7.000% 17,627.14 52,829.99 12/31/2014 37,667.05 7.000% 15,162.94 52,829.99 12/31/2015 40,303.74 7.000% 12,526.24 52,829.98 12/31/2016 43,125.00 7.000% 9,704.98 52,829.98 12/31/2017 46,143.75 7.000% 6,686.22 52,829.97 12/31/2018 49,373.82 7.000% 3,456.16 52,829.98 Total 474,616.00 - 317,833.73 792,449.73 SIGNIFICANT DATES Filing Date 10/15/2003 First Payment Date 12/31/2004 Springsted Incorporated Advisors to the Public Sector File = LINOLAKES. SF- Series 2003A Assessments -Elm Street 10/20/2003 10:57 AM Page 10 $220,000 City of Lino Lakes, Minnesota General Obligation Improvement and Refunding Bonds, Series 2003A Century Farm Lift Station Project NEW ASSESSMENT INCOME Date Principal Coupon Interest Total P +I 12/31/2003 - - - - 12/31/2004 5,837.31 7.000% 18,651.11 24,488.42 12/31/2005 9,497.03 7.000% 14,991.38 24,488.41 12/31/2006 10,161.82 7.000% 14,326.60 24,488.42 12/31/2007 10,873.15 7.000% 13,615.26 24,488.41 12/31/2008 11,634.27 7.000% 12,854.14 24,488.41 12/31/2009 12,448.67 7.000% 12,039.74 24,488.41 12/31/2010 13,320.08 7.000% 11,168.34 24,488.42 12/31/2011 14,252.48 7.000% 10,235.94 24,488.42 12/31/2012 15,250.16 7.000% 9,238.26 24,488.42 12/31/2013 16,317.67 7.000% 8,170.76 24,488.43 12/31/2014 17,459.91 7.000% 7,028.52 24,488.43 12/31/2015 18,682.10 7.000% 5,806.32 24,488.42 12/31/2016 19,989.85 7.000% 4,498.58 24,488.43 12/31/2017 21,389.13 7.000% 3,099.28 24,488.41 12/31/2018 22,886.37 7.000% 1,602.04 24,488.41 Total 220,000.00 - 147,326.27 367,326.27 SIGNIFICANT DATES Filing Date 10/15/2003 First Payment Date 12/31/2004 Springsted Incorporated File = LINOLAKES. SF- Series 2003A Assessments - Century Farm Lift Station Advisors to the Public Sector • 10/20/2003 10:57 AM Page 11 $200,000 City of Lino Lakes, Minnesota General Obligation Improvement Bonds and Improvement, Series 2003A Twilight Acres Water Main Project NEW ASSESSMENT INCOME Date Principal Coupon Interest Total P +I 12/31/2003 - - - - 12/31/2004 5,306.65 7.000% 16,955.56 22,262.21 12/31/2005 8,633.67 7.000% 13,628.54 22,262.21 12/31/2006 9,238.02 7.000% 13,024.18 22,262.20 12/31/2007 9,884.68 7.000% 12,377.52 22,262.20 12/31/2008 10,576.61 7.000% 11,685.58 22,262.19 12/31/2009 11,316.97 7.000% 10,945.22 22,262.19 12/31/2010 12,109.16 7.000% 10,153.04 22,262.20 12/31/2011 12,956.80 7.000% 9,305.40 22,262.20 12/31/2012 13,863.78 7.000% 8,398.42 22,262.20 12/31/2013 14,834.24 7.000% 7,427.96 22,262.20 12/31/2014 15,872.64 7.000% 6,389.56 22,262.20 12/31/2015 16,983.73 7.000% 5,278.48 22,262.21 12/31/2016 18,172.59 7.000% 4,089.62 22,262.21 12/31/2017 19,444.67 7.000% 2,817.54 22,262.21 12/31/2018 20,805.79 7.000% 1,456.40 22,262.19 Total 200,000.00 - 133,933.02 333,933.02 SIGNIFICANT DATES Filing Date 10/15/2003 First Payment Date 12/31/2004 Springsted Incorporated File = LINOLAKES. SF- Series 2003A Assessments - Twilight Acres Water Main Advisors to the Public Sector • 10/20/2003 10:57 AM Page 12 • Dated 12/01/2003 Delivery Date 12/01/2003 First Coupon Date 8/01/2004 YIELD STATISTICS Bond Year Dollars $8,093.33 Average Life 8.797 Years Average Coupon 3.7718029% Net Interest Cost (NIC) 3.8968441% True Interest Cost (TIC) 3.8857665% Bond Yield for Arbitrage Purposes 3.2160046% All Inclusive Cost (AIC) 4.0993473% IRS FORM 8038 Net Interest Cost 3.7718029% Weighted Average Maturity 8.797 Years Interest rates are estimates. Changes in rates may cause significant alterations to this schedule. The actual underwriter's discount bid may also vary. Springsted Incorporated File = LINOLAKES. SF- Series 2003A -New Projects Advisors to the Public Sector 10/20/2003 10:00 AM Page 13 $920,000 City of Lino Lakes, Minnesota General Obligation Improvement Bonds and Refunding, Series 2003A PROJECT PORTION NET DEBT SERVICE SCHEDULE Assessment Annual Date Principal Coupon Interest Total P +I 105% of Total Income Surplus (1) (2) (3) (4) (5) (6) (7) 2/01/2004 - - - - - - - 2/01/2005 45,000.00 1.300% 35,907.08 80,907.08 84,952.43 99,580.61 14,628.18 2/01/2006 50,000.00 1.650% 30,192.50 80,192.50 84,202.13 99,580.60 15,378.48 2/01/2007 55,000.00 2.050% 29,367.50 84,367.50 88,585.88 99,580.60 10,994.73 2/01/2008 55,000.00 2.350% 28,240.00 83,240.00 87,402.00 99,580.59 12,178.59 2/01/2009 55,000.00 2.700% 26,947.50 81,947.50 86,044.88 99,580.58 13,535.71 2/01/2010 55,000.00 3.100% 25,462.50 80,462.50 84,485.63 99,580.58 15,094.96 2/01/2011 60,000.00 3.400% 23,757.50 83,757.50 87,945.38 99,580.61 11,635.24 2/01/2012 60,000.00 3.600% 21,717.50 81,717.50 85,803.38 99,580.61 13,777.24 2/01/2013 60,000.00 3.700% 19,557.50 79,557.50 83,535.38 99,580.60 16,045.23 2/01/2014 65,000.00 3.800% 17,337.50 82,337.50 86,454.38 99,580.62 13,126.25 2/01/2015 65,000.00 3.950% 14,867.50 79,867.50 83,860.88 99,580.62 15,719.75 2/01/2016 70,000.00 4.000% 12,300.00 82,300.00 86,415.00 99,580.61 13,165.61 2/01/2017 70,000.00 4.100% 9,500.00 79,500.00 83,475.00 99,580.62 16,105.62 2/01/2018 75,000.00 4.200% 6,630.00 81,630.00 85,711.50 99,580.59 13,869.09 2/01/2019 80,000.00 4.350% 3,480.00 83,480.00 87,654.00 99,580.58 11,926.58 Total 920,000.00 - 305,264.58 1,225,264.58 1,286,527.81 1,493,709.02 207,181.21 Dated 12/01/2003 Delivery Date 12/01/2003 First Coupon Date 8/01/2004 YIELD STATISTICS Bond Year Dollars $8,093.33 Average Life 8.797 Years Average Coupon 3.7718029% Net Interest Cost (NIC) 3.8968441% True Interest Cost (TIC) 3.8857665% Bond Yield for Arbitrage Purposes 3.2160046% All Inclusive Cost (AIC) 4.0993473% IRS FORM 8038 Net Interest Cost 3.7718029% Weighted Average Maturity 8.797 Years Interest rates are estimates. Changes in rates may cause significant alterations to this schedule. The actual underwriter's discount bid may also vary. Springsted Incorporated File = LINOLAKES. SF- Series 2003A -New Projects Advisors to the Public Sector 10/20/2003 10:00 AM Page 13 • $1,200,000 City of Lino Lakes, Minnesota General Obligation Improvement and Refunding Bonds, Series 2003A Current Refunding of Series 1996A REFUNDING SUMMARY Dated 12/01/2003 Delivered 12/01/2003 SOURCES OF FUNDS Par Amount of Bonds $1,200,000.00 TOTAL SOURCES $1,200,000.00 USES OF FUNDS Deposit to Current Refunding Fund 1,170,000.00 Costs of Issuance 14,550.00 Total Underwriter's Discount (1.100 %) 13,200.00 Rounding Amount 2,250.00 TOTAL USES $1,200,000.00 FLOW OF FUNDS DETAIL State and Local Government Series (SLGS) rates for Date of OMP Candidates CURRENT REFUNDING ESCROW SOLUTION METHOD Gross Funded Total Cost of Investments $1,170,000.00 Interest Eamings @ 1.000% 1,946.76 TOTAL DRAWS $1,170,000.00 ISSUES REFUNDED AND CALL DATES Series 1996A 2/01/2004 PRESENT VALUE ANALYSIS SUMMARY (NET TO NET) Net PV Cashflow Savings @ 3.216 %(Bond Yield) 41,742.04 Contingency or Rounding Amount 2,250.00 NET PRESENT VALUE BENEFIT $43,992.04 NET PV BENEFIT / $1,170,000 REFUNDED PRINCIPAL 3.760% NET PV BENEFIT / $1,200,000 REFUNDING PRINCIPAL 3.666% BOND STATISTICS Average Life 2.142 Years Average Coupon 1.7738163% Net Interest Cost (NIC) 2.2874350% Bond Yield for Arbitrage Purposes 3.2160046% True Interest Cost (TIC) 2.3014806% All Inclusive Cost (AIC) 2.8956752% Interest rates are estimates. Changes in rates may cause significant alterations to this schedule. The actual underwriter's discount bid may also vary. Springsted Incorporated Advisors to the Public Sector File = LINOLAKES. SF- Series 2003A- Series 2003 Ref 96A 10/20/2003 10:00 AM Page 14 • • • YIELD STATISTICS Average Life 1.651 Years Weighted Average Maturity (Par Basis) 1.651 Years Average Coupon 5.1241158% REFUNDING BOND INFORMATION Refunding Dated Date 12/01/2003 Refunding Delivery Date 12/01/2003 Springsted Incorporated File = LINOLAKES. SF -Series 1996A- SINGLE PURPOSE Advisors to the Public Sector 10/20/2003 10:00 AM Page 15 $4,685,000 City of Lino Lakes, Minnesota G.O. Public Improvement Bonds Series 1996A PRIOR ORIGINAL DEBT SERVICE Date Principal Coupon Interest Total P +I 2/01/1997 - - - - 8/01/1997 - - 184,083.33 184,083.33 2/01/1998 300,000.00 4.200% 110,450.00 410,450.00 8/01/1998 - - 104,150.00 104,150.00 2/01/1999 625,000.00 4.400% 104,150.00 729,150.00 8/01/1999 - - 90,400.00 90,400.00 2/01/2000 600,000.00 4.500% 90,400.00 690,400.00 8/01/2000 - - 76,900.00 76,900.00 2/01/2001 595,000.00 4.600% 76,900.00 671,900.00 8/01/2001 - - 63,215.00 63,215.00 2/01/2002 590,000.00 4.700% 63,215.00 653,215.00 8/01/2002 - - 49,350.00 49,350.00 2/01/2003 405,000.00 4.800% 49,350.00 454,350.00 8/01/2003 - - 39,630.00 39,630.00 2/01/2004 400,000.00 4.900% 39,630.00 439,630.00 8/01/2004 - - 29,830.00 29,830.00 2/01/2005 395,000.00 5.000% 29,830.00 424,830.00 8/01/2005 - - 19,955.00 19,955.00 2/01/2006 390,000.00 5.100% 19,955.00 409,955.00 8/01/2006 - - 10,010.00 10,010.00 2/01/2007 385,000.00 5.200% 10,010.00 395,010.00 Total 4,685,000.00 - 1,261,413.33 5,946,413.33 YIELD STATISTICS Average Life 1.651 Years Weighted Average Maturity (Par Basis) 1.651 Years Average Coupon 5.1241158% REFUNDING BOND INFORMATION Refunding Dated Date 12/01/2003 Refunding Delivery Date 12/01/2003 Springsted Incorporated File = LINOLAKES. SF -Series 1996A- SINGLE PURPOSE Advisors to the Public Sector 10/20/2003 10:00 AM Page 15 • • YIELD STATISTICS Average Life 2.158 Years Weighted Average Maturity (Par Basis) 2.158 Years Average Coupon 4.7362376% REFUNDING BOND INFORMATION Refunding Dated Date 12/01/2003 Refunding Delivery Date 12/01/2003 Springsted Incorporated File = LINOLAKES.SF- Series 1996A- SINGLE PURPOSE Advisors to the Public Sector 10/20/2003 10:00 AM Page 16 $4,685,000 City of Lino Lakes, Minnesota G.O. Public Improvement Bonds Series 1996A DEBT SERVICE TO MATURITY AND TO CALL Date Refunded Bonds D/S To Call Principal Coupon Interest Refunded D/S 12/01/2003 - - - - - - 2/01 /2004 1,170, 000.00 1,170, 000.00 - 4.900% - - 8/01/2004 - - - - 29,830.00 29,830.00 2/01/2005 - - 395,000.00 5.000% 29,830.00 424,830.00 8/01/2005 - - - - 19,955.00 19,955.00 2/01/2006 - - 390,000.00 5.100% 19,955.00 409,955.00 8/01/2006 - - - - 10,010.00 10,010.00 2/01/2007 - - 385,000.00 5.200% 10,010.00 395,010.00 Total 1,170,000.00 1,170,000.00 1,170,000.00 - 119,590.00 1,289,590.00 YIELD STATISTICS Average Life 2.158 Years Weighted Average Maturity (Par Basis) 2.158 Years Average Coupon 4.7362376% REFUNDING BOND INFORMATION Refunding Dated Date 12/01/2003 Refunding Delivery Date 12/01/2003 Springsted Incorporated File = LINOLAKES.SF- Series 1996A- SINGLE PURPOSE Advisors to the Public Sector 10/20/2003 10:00 AM Page 16 • Dated 12/01/2003 Delivery Date 12/01/2003 First Coupon Date 8/01/2004 YIELD STATISTICS Bond Year Dollars $2,570.00 Average Life 2.142 Years Average Coupon 1.7738163% Net Interest Cost (NIC) 2.2874350% True Interest Cost (TIC) 2.3014806% Bond Yield for Arbitrage Purposes 3.2160046% All Inclusive Cost (AIC) 2.8956752% IRS FORM 8038 Net Interest Cost 1.7738163% Weighted Average Maturity 2.142 Years Interest rates am estimates. Changes in rates may cause significant alterations to this schedule. The actual underwriter's discount bid may also vary. Springsted Incorporated File = LINOLAKES. SF -Series 2003A -Series 2003 Ref 96A Advisors to the Public Sector • 10/20/2003 11:23 AM Page 17 $1,200,000 City of Lino Lakes, Minnesota General Obligation Improvement and Refunding Bonds, Series 2003A Current Refunding of Series 1996A NET DEBT SERVICE SCHEDULE Date Principal Coupon Interest Total P +I PCF Existing D/S Net New D/S 105% of Total Assessment Annual Surplus 2/01/2004 - - - - (1,946.76) 439,630.00 437,683.24 459,567.40 Collected in 2003 2/01/2005 415,000.00 1.300% 23,202.08 438,202.08 - - 438,202.08 460,112.18 474,834.00 14,721.82 2/01/2006 400,000.00 1.650% 14,492.50 414,492.50 - - 414,492.50 435,217.13 448,262.00 13,044.88 2/01/2007 385,000.00 2.050% 7,892.50 392,892.50 - - 392,892.50 412,537.13 421,689.00 9,151.88 Total 1,200,000.00 - 45,587.08 1,245,587.08 (1,946.76) 439,630.00 1,683,270.32 1,767,433.84 1,344,785.00 36,918.57 • Dated 12/01/2003 Delivery Date 12/01/2003 First Coupon Date 8/01/2004 YIELD STATISTICS Bond Year Dollars $2,570.00 Average Life 2.142 Years Average Coupon 1.7738163% Net Interest Cost (NIC) 2.2874350% True Interest Cost (TIC) 2.3014806% Bond Yield for Arbitrage Purposes 3.2160046% All Inclusive Cost (AIC) 2.8956752% IRS FORM 8038 Net Interest Cost 1.7738163% Weighted Average Maturity 2.142 Years Interest rates am estimates. Changes in rates may cause significant alterations to this schedule. The actual underwriter's discount bid may also vary. Springsted Incorporated File = LINOLAKES. SF -Series 2003A -Series 2003 Ref 96A Advisors to the Public Sector • 10/20/2003 11:23 AM Page 17 • • $1,200,000 City of Lino Lakes, Minnesota General Obligation Improvement and Refunding Bonds, Series 2003A Current Refunding of Series 1996A DEBT SERVICE COMPARISON Date Total P +I PCF Existing D/S Net New D/S Old Net D/S Savings 2/01/2004 - (1,946.76) 439,630.00 437,683.24 439,630.00 1,946.76 2/01/2005 438,202.08 - - 438,202.08 454,660.00 16,457.92 2/01/2006 414,492.50 - - 414,492.50 429,910.00 15,417.50 2/01/2007 392,892.50 - - 392,892.50 405,020.00 12,127.50 Total 1,245,587.08 (1,946.76) 439,630.00 1,683,270.32 1,729,220.00 45,949.68 PRESENT VALUE ANALYSIS SUMMARY (NET TO NET) Net FV Cashflow Savings 45,949.68 Gross PV Debt Service Savings 41,742.04 Net PV Cashflow Savings @ 3.216 %(Bond Yield) 41,742.04 Contingency or Rounding Amount 2,250.00 NET FUTURE VALUE BENEFIT $48,199.68 NET PRESENT VALUE BENEFIT $43,992.04 NET PV BENEFIT / $113,727.84 PV REFUNDED INTEREST 38.682% NET PV BENEFIT / $1,206,250.96 PV REFUNDED DEBT SERVICE 3.647% NET PV BENEFIT / $1,170,000 REFUNDED PRINCIPAL 3.760% NET PV BENEFIT / $1,200,000 REFUNDING PRINCIPAL 3.666% REFUNDING BOND INFORMATION Refunding Dated Date 12/01/2003 Refunding Delivery Date 12/01/2003 Springsted Incorporated File = LINOLAKES. SF- Series 2003A- Series 2003 Ref 96A Advisors to the Public Sector 10/20/2003 10:00 AM Page 18 • THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS: TERMS OF PROPOSAL $2,120,000* CITY OF LINO LAKES, MINNESOTA GENERAL OBLIGATION IMPROVEMENT AND REFUNDING BONDS, SERIES 2003A (BOOK ENTRY ONLY) Proposals for the Bonds will be received on Monday, November 24, 2003, until 10:00 A.M., Central Time, at the offices of Springsted Incorporated, 85 East Seventh Place, Suite 100, 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 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. 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. DETAILS OF THE BONDS The Bonds will be dated December 1, 2003, as the date of original issue, and will bear interest payable on February 1 and August 1 of each year, commencing August 1, 2004. 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: 2005 $460,000 2006 $450,000 2007 $440,000 2008 $ 55,000 2009 $55,000 2010 $55,000 2011 $60,000 2012 $60,000 2013 $60,000 2014 $65,000 2015 $65,000 2016 $70,000 2017 $70,000 2018 $75,000 2019 $80,000 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 and must conform to the maturity schedule set forth above at a price of par plus accrued interest to the date of redemption. In order to designate term bonds, the proposal must specify "Years of Term Maturities" in the spaces provided on the Proposal Form. Page 19 • • 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 that 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, 2013, and on any day thereafter, to prepay Bonds due on or after February 1, 2014. 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 Tess 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. All prepayments shall be at a price of par plus accrued interest. 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 special assessments against benefited properties. The proceeds will be used to finance various improvement projects within the City and to refund the February 1, 2005 through February 1, 2007 maturities of the City's General Obligation Improvement Bonds, Series 1996A, dated October 1, 1996. TYPE OF PROPOSALS Proposals shall be for not less than $2,096,680 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 $21,200, 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 Page 20 • • 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. Page 21 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, 85 East Seventh Place, Suite 100, 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 85 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 October 27, 2003 BY ORDER OF THE CITY COUNCIL /s/ Ann Blair Clerk Page 22 • Extract of Minutes of Meeting of the City Council of the City of Lino Lakes, Anoka County, Minnesota Pursuant to due call and notice thereof a regular meeting of the City Council of the City of Lino Lakes, Anoka County, Minnesota, was held at the City Hall in the City on Monday, October 27, 2003, commencing at 6:30 o'clock P.M. The following members of the Council were present: and the following were absent: * * * The following written resolution was presented by Councilmember , the reading of which had been dispensed with by unanimous consent, who moved its adoption: RESOLUTION NO. 03 -194 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF APPROXIMATELY $2,120,000 GENERAL OBLIGATION IMPROVEMENT AND REFUNDING BONDS, SERIES 2003A BE IT RESOLVED By the City Council of the City of Lino Lakes, Anoka County, Minnesota (City) as follows: 1. It is hereby determined that: (a) the following assessable public improvements (the Improvements) have been made, duly ordered or contracts let for the construction thereof, by the City pursuant to the provisions of the City's charter and Minnesota Statutes, Chapter 429 (Act); SJB- 239164v1 LN140 -84 • • Project Designation & Description: Elm Street Century Farm Lift Station Twilight Acres Water Main (b) the City is also authorized by Minnesota Statutes, Chapter 475 (Act) and Section 475.67, Subdivision 3, of the Act to issue and sell its general obligation bonds to refund obligations and the interest thereon before the due date of the obligations, if consistent with covenants made with the holders thereof, when determined by the City Council to be necessary or desirable for the reduction of debt service cost to the City or for the extension or adjustment of maturities in relation to the resources available for their payment; (c) Section 475.67, subdivision 4 of the Act permits the sale of refunding obligations during the six month period prior to the date on which the obligations to be refunded may be called for redemption; (d) the outstanding bonds to be refunded (Refunded Bonds) consist of the $4,685,000 General Obligation Public Improvement Bonds, Series 1996A, dated October 1, 1996, of which $1,570,000 in principal amount is currently outstanding and is callable on February 1, 2004. (e) it is necessary and expedient to the sound financial management of the City that the City issue approximately $2,120,000 General Obligation Improvement and Refunding Bonds, Series 2003A (Bonds) to (i) provide financing for the Improvements, and (ii) to refund the Refunded Bonds in order to reduce debt service costs, as follows: Improvements $ 944,870 Refunding Costs 1,170,000 Costs of Issuance 28,450 Underwriter's Discount 23,320 Total Issue $2,120,000 2. To provide fmancing for the Improvements, the City will issue and sell Bonds in the amount of $2,096,680. To provide in part the additional interest required to market the Bonds at this time, additional Bonds will be issued in the amount of $23,320. The excess of the purchase price of the Bonds over the sum of $2,096,680 will be credited to the debt service fund for the Bonds for the purpose of paying interest first coming due on the additional Bonds. The Bonds will be issued, sold and delivered in accordance with the terms of the following Terms of Proposal: SJB- 239164v1 LN140 -84 THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS: TERMS OF PROPOSAL $2,120,000* CITY OF LINO LAKES, MINNESOTA GENERAL OBLIGATION IMPROVEMENT AND REFUNDING BONDS, SERIES 2003A (BOOK ENTRY ONLY) Proposals for the Bonds will be received on Monday, November 24, 2003, until 10:00 A.M., Central Time, at the offices of Springsted Incorporated, 85 East Seventh Place, Suite 100, 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 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. 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 mariner in which the Proposal is submitted. • DETAILS OF THE BONDS The Bonds will be dated December 1, 2003, as the date of original issue, and will bear interest payable on February 1 and August 1 of each year, commencing August 1, 2004. 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: 2005 $460,000 2006 $450,000 2007 $440,000 2008 $ 55,000 2009 $55,000 2010 $55,000 2011 $60,000 2012 $60,000 2013 $60,000 2014 $65,000 2015 $65,000 2016 $70,000 2017 $70,000 2018 $75,000 2019 $80,000 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. SJB- 239164v1 LN140 -84 • • • 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 and must conform to the maturity schedule set forth above at a price of par plus accrued interest to the date of redemption. In order to designate term bonds, the proposal must specify "Years of Tenn 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 that 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, 2013, and on any day thereafter, to prepay Bonds due on or after February 1, 2014. 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. All prepayments shall be at a price of par plus accrued interest. 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 special assessments against benefited properties. The proceeds will be used to finance various improvement projects within the City and to refund the February 1, 2005 through February 1, 2007 maturities of the City's General Obligation Improvement Bonds, Series 1996A, dated October 1, 1996. SJB- 239164v1 LN140 -84 • • • TYPE OF PROPOSALS Proposals shall be for not less than $2,096,680 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 $21,200, 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. SJB- 239164v1 LN140 -84 • 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, 85 East Seventh Place, Suite 100, 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 85 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 SJB- 239164v1 LN140 -84 • • 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 October 27, 2003 BY ORDER OF THE CITY COUNCIL SJB- 239164v1 LN140 -84 /s/ Ann Blair Clerk • • • 3. Springsted Incorporated is authorized and directed to negotiate the Bonds in accordance with the foregoing Terms of Proposal. The City Council will meet at 6:30 o'clock P.M. on Monday, November 24, 2003, to consider proposals on the Bonds and take any other appropriate action with respect to the Bonds. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember , and upon vote being taken thereon the following members voted in favor of the motion: and the following voted against: whereupon the resolution was declared duly passed and adopted. SJB- 239164v1 LN140 -84 • • • STATE OF MINNESOTA COUNTY OF ANOKA CITY OF LINO LAKES I, the undersigned, being the duly qualified and acting City Clerk of the City of Lino Lakes, Minnesota, hereby certify that I have carefully compared the attached and foregoing extract of minutes of a regular meeting of the City Council of the City held on Monday, October 27, 2003, with the original minutes on file in my office and the extract is a full, true and correct copy of the minutes, insofar as they relate to the issuance and sale of approximately $2,120,000 General Obligation Improvement and Refunding Bonds, Series 2003A of the City. WITNESS My hand as City Clerk and the corporate seal of the City this day of , 2003. (SEAL) SJB- 239164v1 LN140 -84 City Clerk City of Lino Lakes, Minnesota • • 85 E. SEVENTH PLACE, SUITE 100 SAINT PAUL, MN 55101 -2887 651- 223 -3000 FAX: 651-223-3002 October 21, 2003 Mayor Bergeson and City Council Members Mr. Daniel Tesch, Acting City Administrator Mr. Alan Rolek, Finance Director City of Lino Lakes 600 Town Center Parkway Lino Lakes, MN 55014 -1182 SPR.INGSTED Advisors to the Public Sector The 21St Avenue Street and Storm project costing an estimated $240,000 is recommended to be bonded for separately from three other projects (Elm Street, Twilight Acres and Century Farm Lift Station) included in the proposed $2,120,000 General Obligation Improvement and Refunding Bonds, Series 2003A, which will be issued as tax exempt bonds. According to Bond Counsel, certain provisions in the City Charter require that the 21St Avenue Street and Storm Project be financed with taxable bonds rather than tax - exempt. As a result, Springsted Incorporated (Springsted) recommends issuing $250,000 General Obligation Improvement Taxable Bonds, Series 2003B. The bonds would provide proceeds of $240,000 for project costs and $10,000 of issuance costs. We are recommending that rather than sell these bonds competitively, as recommended for the 2003A Bonds, that these be privately placed through a local bank. We are recommending this approach to save costs and effort. A competitive process, which will yield lower interest costs, would also increase the costs of marketing such as bond rating fees, bid process and awarding. At bond size thresholds below $500,000, the slightly higher issuance costs may not be offset by lower interest rates achieved through a competitive sale because interest is a smaller component of total costs. When factoring in additional City staff time, a negotiated sale is more efficient for an issue of this size. The $250,000 General Obligation Improvement Taxable Bonds, Series 2003B would be 10 year bonds with level debt service payments. Call dates for early retirement would be negotiated along with interest rates. The bonds would be repaid from special assessments totaling $135,000 plus interest at 7 %. The remainder would be paid from annual tax levies. Under the negotiated approach, Springsted would contact a local bank recommended by the City and negotiate pricing for each maturity and any terms or conditions. Current market index rates and recent bond transactions would be considered in agreeing to rates and conditions. The negotiated rates would be brought back to the City Council for final approval prior to awarding the sale to the bank. Appropriate documents would then be completed in conjunction with Bond Counsel. Springsted would facilitate the process through closing. CORPORATE OFFICE: SAINT PAUL, MN • Visit our website at www.springsted.eom IOWA • KANSAS • MINNESOTA • VIRGINIA • WASHINGTON, DC • WISCONSIN Page 2 • The interest rates and other terms of the sale would be negotiated within the next few weeks and closing is anticipated during November. Please call me at 651 -223 -3022 if you have any questions or would like additional information. Sincerely, Terri Heaton Senior Vice President/ Client Representative • • Extract of Minutes of Meeting of the City Council of the City of Lino Lakes, Anoka County, Minnesota Pursuant to due call and notice thereof a regular meeting of the City Council of the City of Lino Lakes, Anoka County, Minnesota, was held at the City Hall in the City on Monday, October 27, 2003, commencing at 6:30 o'clock P.M. The following members of the Council were present: and the following were absent: * * * * * * * * * The following resolution was presented by Councilmember RESOLUTION NO. 03 -195 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $250,000 TAXABLE GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2003B BE IT RESOLVED By the City Council of the City of Lino Lakes, Anoka County, Minnesota (City) as follows: 1. It is hereby determined that: (a) the following assessable public improvements (the Improvements) have been made, duly ordered or contracts let for the construction thereof, by the City pursuant to the provisions of the City's charter and Minnesota Statutes, Chapter 429 (Act); SJB- 239179v1 LN 140 -84 • Project Designation & Description: Total Project Cost 21st Avenue Street and Storm Sewer Project Costs $242,500 Costs of Issuance 7,500 Total Issue $250,000 (b) it is necessary and expedient to the sound financial management of the affairs of the City to issue $250,000 Taxable General Obligation Improvement Bonds, Series 2003B (Bonds) pursuant to the Act to provide financing for the Improvements. 2. Springsted Incorporated (Springsted) is authorized and directed to negotiate sale of the Bonds at the time it deems reasonable in light of market conditions, subject to approval by the City Council of the final terms and conditions of the Bonds. When Springsted has negotiated a proposed sale of the Bonds, the City Council will meet at a regularly scheduled or duly noticed special meeting to consider the proposal on the Bonds and take any other appropriate action with respect to the Bonds. 3. Springsted is directed to notify the City promptly if it determines not to proceed with • solicitation of proposals by December 1, 2003. The motion for the Councilmember adoption of the foregoing resolution was duly seconded by in favor of the motion: and the following voted against: , and upon vote being taken thereon the following members voted whereupon the resolution was declared duly passed and adopted. SJB- 239179v1 LN 140 -84 STATE OF MINNESOTA COUNTY OF ANOKA CITY OF LINO LAKES I, the undersigned, being the duly qualified and acting City Clerk of the City of Lino Lakes, Minnesota, hereby certify that I have carefully compared the attached and foregoing extract of minutes of a regular meeting of the City Council of the City held on October 27, 2003, with the original minutes on file in my office and the extract is a full, true and correct copy of the minutes, insofar as they relate to the issuance and sale of approximately $250,000 Taxable General Obligation Improvement Bonds, Series 2003B of the City. WITNESS My hand as City Clerk and the corporate seal of the City this day of , 2003. City Clerk City of Lino Lakes, Minnesota (SEAL) SJB- 239179v1 LN 140 -84 • • • AGENDA ITEM 3G STAFF ORIGINATOR Al Rolek MEETING DATE October 27, 2003 TOPIC Consider Resolution 03 -196 Authorizing the Certification of Delinquent Water and Sewer Utility Charges for collection with 2003 Property Taxes Payable in 2004 VOTE REQUIRED BACKGROUND 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. Consideration of such certification was scheduled for this evening to give affected property owners an opportunity to address the City Council on this impending action. Affected property owners received mailed notice of this proceeding. Staff recommends that the City Council adopt Resolution 03 -196 authorizing the certification of delinquent water and sewer utility charges to be collected with 2003 property taxes payable in 2004. OPTIONS 1) Adopt Resolution No. 03 -196. 2) Return to staff for further review. 3) Do not adopted Resolution No. 03 -196. RECOMMENDATION Option 1. • CITY OF LINO LAKES RESOLUTION NO. 03 -196 RESOLUTION AUTHORIZING THE CERTIFICATION OF DELINQUENT WATER AND SEWER UTILITY CHARGES FOR COLLECTION WITH THE 2003 PROPERTY TAXES PAYABLE IN 2004 WHEREAS, pursuant to City Code Section 401.29 and Section 402.14, Subd. 5, the Clerk- Treasurer has prepared a list of properties having delinquent water and sewer charges to be certified to the Anoka County Auditor for collection with the 2003 property taxes, payable in 2004, and WHEREAS, the City Council has met to consider the certification of such delinquent water and sewer charges, and WHEREAS, notice of such certification was mailed to affected property owners. NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that the Clerk- Treasurer 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 2003 property taxes, payable in 2004. • Adopted by the City Council of Lino Lakes, Minnesota this 27th day of October, 2003. Ann J. Blair, City Clerk- Treasurer • John J. Bergeson, Mayor 2003 CERTIFICATION LIST HI o J Z w 1— Z 0 N w I- < 0) UI w 2 z H w w H w w N w 2 Z H z 0 U 0 317.12 522.61 253.84 551.26 (0 (0 00 155.331 442.14 585.331 300.85 1,015.001 O 7 co r N 589.651 889.181 301.581 529.231 (P CO O) O) CO 214.591 O LO '4) N N- 663.281 O r ,— ,— d' 322.821 702.811 229.681 476.501 CO N 6) co_ 0) CO CO V L!) 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Shadow Lake Drive Birch Street 6186 135, L/) I� x- 183 CO O N h r L) co 446 155 255 6220 123 6649 CO I-- CO M 182 128 r CO r 241 0 (0 N 570 N- 0 (n 532 548 759 CO (0 (MO 773 585 0 LO CCOO 6558 N- 0 CO M 6622 r CO CO 6401 N (0 CCOO 0) CO CO C CO (0 ((0 O) 0) CO C 'Cl- r �DEBRA SIMONS TIM & KELLY GUNDERSON PAUL CAMP ROY WOOD JOHN FORNESS LINDA LECLAIRE DANIEL BENNETT ROBERT NEAL OTHEL JOHNSON JAMES JOSLIN ELISSA LINDQUIST SUAD HODZIC JOHN KRATKY JOHN FREDRICKSEN CATHY ANDERSON JAY BARNETT MICHAEL EBAVOLD THOMAS THOMPSON JUDY HOLM TOM CORCORAN KEITH MCLEAN JAMES FLASCHBERGER 'MICHAEL WELSH JAMES TITSWORTH JAMES F JACOBUS JEFF JOHNSON MICHAEL RESCH THOMAS SEVERSON DAVID OLIVER ROBERT HANZALIK RANDY LUCKOW SCOTT LARSON ROBERTA SINGERHOUSE JUDY SINNA GERALD BERG CHRISTOPHER KOLAR ROY HENLINE JOHN MACNEIL 2300000 1 2315510 2321500 2322500 2326000 2355000 1 2356010 2404600 3002000 3006012 O O O 0 CO 3025500 3083511 3089000 O O CO CO 3137000 3138010 3201100 3201400 4001500 4015500 4019500 4020500 4031000 4100510 4166000 4194500 4220010 4221000 4227000 4228500 4241500 4321010 4351500 4364000 4369010 4388010 5008000 LI) CO N- CO O) 0 r N CO M co N- co 0) O N CO 11) M n 00 O) 0 r N CO LO CO r CO 0) 0 CO CO co co co co At 7 V V V 'd' 'ct -4- Lo tO LO LO LO LO LO (O (I) in co co CO co co (O (O co co CO I- ti CO CO (O IN Cl LO Cr) N- r 0) 658.251 183.93 0) M M 724.161 CO (O 00 O A- 914.461 173.79 1,185.46 1,304.01 CO CO M co 736.411 947.29 320.55 0 r-- O 419.011 341.07 291.83 182.28 N-. co O co N [ 701.221 co M co O 205.871 7 In t7 189.671 160.20 430.33 389.57 0 N 00 O) 783.95 1,006.73 243.82 329.51 CO CO 00 co (n CO O co O 625.25 1,121.78 0 O . 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CO O) (n �-- 130.201 400.33 359.57 O N 00 (O 753.95 co N- (O 1- 0) 213.82 299.51 1,538.66 950.18 595.25 1,091.78 28- 31 -22 -13 -0113 28- 31 -22 -13 -0002 28- 31 -22 -13 -0035 28- 31 -22 -12 -0022 28- 31 -22 -24 -0087 28- 31 -22 -24 -0086 21- 31 -22 -43 -0031 28- 31 -22 -42 -0045 28- 31 -22 -42 -0019 28- 31 -22 -13 -0019 28- 31 -22 -13 -0031 28- 31 -22 -13 -0030 28- 31 -22 -42 -0072 28- 31 -22 -13 -0128 28- 31 -22 -42 -0016 28- 31 -22 -42 -0012 28- 31 -22 -42 -0011 28- 31 -22 -24 -0103 27- 31 -22 -32 -0051 27- 31 -22 -24 -0006 27- 31 -22 -13 -0039 27- 31 -22 -13 -0016 28- 31 -22 -14 -0018 27- 31 -22 -32 -0067 27- 31 -22 -32 -0070 33- 31 -22 -11 -0008 27- 31 -22 -31 -0002 25- 31 -22 -42 -0064 25- 31 -22 -44 -0006 24- 31 -22 -43 -0009 25- 31 -22 -13 -0037 25- 31 -22 -13 -0041 25- 31 -22 -13 -0068 25- 31 -22 -13 -0057 25- 31 -22 -12 -0026 25- 31 -22 -31 -0011 25- 31 -22 -41 -0032 25- 31 -22 -41 -0051 V O LO Ln V O 10 (n V O ((J (n V O 10 co V O 10 (!) _V O (n co V O L) to V O Ln Lf) V O Ln Ln V O Ln Ln V O Ln Ln O Ln Ln 0 L() In 0 (f) (n 0 LC) Ln O Ln Ln V O in (n 7 O (f) Ln co CO O co Ln 00 CO O (C) (n 00 CO O (n 10 CO M O (n Ln - O (n 10 00 CO O L0 Ln O CO O in Ln 00 CO O Ln (n 00 CO O co Ln O CO 0 '1) (n 00 CO O '4) (n CO CO 0 L!) Ln 03 0) 0 '1) (n CO CO 0 LC) (n 00 CO 0 (f) Ln 00 CO 0 '4) Ln 00 co 0 '4) (n 03 co 0 to (n 00 co 0 in Ln 001 MI OI in (nl MN MN MN MN MN MN MN MN MN MN Z MN MN MN MN MN MN MN MN MN MN MN MN MN MN MN MN MN MN MN MN MN Z MN MN MN MN MN Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes ` Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Lino Lakes Black Duck Drive Black Duck Drive Black Duck Drive Black Duck Drive E. Shadow Lake Court E. Shadow Lake Court E. Shadow Lake Court Killdeer Court Killdeer Drive Pheasant Run Pheasant Run Pheasant Run Pheasant Run S. Red Birch Court Tamarack Lane Tamarack Lane Tamarack Lane White Birch Court Buckthorn Lane Pheasant Hills Drive Pheasant Hills Drive Pheasant Hills Drive Ruffed Grouse Road White Oak Road White Oak Road Durango Point Birch Street Clearwater Creek Drive [Clearwater Creek Drive Otter Lake Road Tele Lane Lane Tele Lane Clearwater Creek Drive Clearwater Creek Drive Tart Lake Road Tart Lake Road Tart Lake Road co CO (0 (0 6674 0 00 (0 (0 0 LO r- CO 0) O co CO 0 co CO (0 00 CO 1064 r (O Ln (O 0 CO (0 N 0 (0 CO 0 CO CO CO 0) U) CO CO N (O (O (n N 0 A- r (n 0 r- 1065 N- U) CO CO 0 N 7- CO r- co CO O d' 1463 6643 O O) • (0 6522 I- 1300 6483 O) N V (0 6848 0 0 co (0 0 N CO CO CO Ln CO CO to CO CO (0 6740 - 0 0 N N 2315 CO CO CO N GARY CARLSON JR. ROBERT MATYKIEWICZ JAMES HEIDEMANN CAPITAL HOMES, INC THOMAS HOVE DENISE MILBRADT EUGENE WELSCH DEWAYNE NORBERG DAVID DIMARTINO GERALD BAKKE MICHAEL SCHEELE MATTHEW ELLIS JOHN HERRICK GARY SCHILTZ ROGER NALEZNY ,TIMOTHY CHILSTROM DAVID WIES KURT BATTLES CHARLES SWANSON PATRICK LARSON SCOTT ANDERSON TIMOTHY BURGER ROBERT RANALLO LEO HANNA III BRIAN WINGES RONALD GROESS JEFFREY CHILSTROM MARK BURRS HAROLD BUDDE WAYNE SCANLAN BRETT WILLIAMS PATRICK GINTER RAY NELSON TODD KENDALL BART SCHNELL RICK CARLSON 0 D 0 CC 0 CO RICHARD AKANDE 5027011 5030500 5031400 5034300 5078010 5084000 5110500 5117000 5126000 5170010 5170500 5171511 5191000 5198000 5204500 5208000 0 O 0 N (I) 5219510 6007500 1 6035991 1 6036900 0 0 O d- O CO O O CO O (D 6102010 0 0 _ (0 1 6150302 1 6250150 O) (O 0 r 1 7065800 7067900 ` 7070400 7071250 7072601 1 7073951 1 7085010 1 7120010 7131500 0 (D CO r N CO (n (O r CO 0) 0 N CO (n CO r 00 O) O N CO (n CO f-- 00 0) O N CO 'cY LO o N- CO o N- r r r r r r N- M O M O M 03 00 M O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 CO O LO O O (n LO tf) CO O O O M O O O co O O co O O O M op O to r r O O co O (n tf) CO 25- 31 -22 -43 -0043 25- 31 -22 -42 -0014 22- 31 -22 -41 -0042 O CO O 1C) LO co co co O Lt) CO CO O 1C) (C) Z 2 Z 2 Z 2 Z 2 (/) Cl) -J 0 C J (o t1) -J 0 C J to (1) -J 0 C J O (9 J 0 C J m J a`> O) c J (1) m J a) a) c co J 0 O U CI) a Q Lamotte Circle co O r co O to co V' LO DAVID STANUIS DON BARGER MIKE HEINEN BYRON JAMES ROLAND O_ r co 01 N r O O O M (i) r O O O O CO RENTAL PROPERTY O CO N CO N 08- 31 -22 -43 -0014 Z 2 77th Street N O LORI ANGELO Roy Stanley Trustee - Owner M O CO O CO O O O O N N co N O e3 O O N LO M N O O N N co O O 00 CO O O N 01,1 M O O O ui O O O (0 O O cc ) Z 2 Z 2 Z 2 a) 4) -J 0 O 1/) co N -J 0 J Highland Drive Highland Drive Highland Drive 0) r r 0) JASON GAEBEL JAMIE KUDAK NELS JOHNSON Tsm Development, Inc - Owner 222 Monroe Street Anoka, MN 55303 O 10 O CO M N O N CO M N N M M M N LO O O N O O 19- 31 -22 -11 -0130 O LO 10 Z 2 O Y J 0 C J r ti HEATHER HERSCH John Johnson - Owner 19308 Two Rivers Road O N CO •t (C) CO N- CO O O O M 20- 31 -22 -22 -0056 Z 2 (13 0 RICHARD SCHAEFER Rose Frie - Owner 465 Aqua Circle Lino Lakes, MN 55014 O O O M O O N 28- 31 -22 -12 -0052 Z 2 0 0 a) 00 (o 0 O N N- CO JULIE BLAIR Gregory A. Stull - Owner 6720 Partridge Place Lino Lakes, MN 55014 CO J 0 1- • • • STAFF ORIGINATOR: MEETING DATE: TOPIC: VOTE REQUIRED: BACKGROUND: AGENDA ITEM 4A Ann J. Blair, City Clerk October 27, 2003 Consider Adoption of Resolution No. 03 -198, Authorizing Transfer of Liquor License for J & K Liquors Simple Majority An application has been submitted by an attorney for Maynua Her for transfer of an existing Off -Sale Liquor License for J & K Liquor, 6013 Hodgson Road, from the present owner, Brian Thorson. The application is complete, and the necessary fees have been paid. The Lino Lakes Police Department has conducted a background investigation relative to this application as required and found no problems nor any reason to deny the application. In accordance with the City Code Section 701, Liquor Licensing, this business requires City approval for transfer of an existing Off -Sale Liquor License, and this business qualifies for such transfer of existing license. The applicant is fully aware license approval is subject to all the provisions and conditions of the laws of the city, state and of the federal government. OPTIONS: 1. Approve Application for transfer of existing Off -Sale Liquor License 2. Deny Application for transfer of existing Off -Sale Liquor License RECOMMENDATION: Option 1 CITY OF LINO LAKES RESOLUTION NO. 03-198 APPROVING TRANFER OF EXISTING OFF -SALE LIQUOR LICENSE FROM BRIAN THORSON TO MAYNUA HER FOR J & K LIQUOR, 6013 HODGSON ROAD WHEREAS, the City Council of the City of Lino Lakes met at its regularly scheduled meeting on October 27, 2003, and; WHEREAS, the Lino Lakes City Council discussed transfer of an existing Off -Sale Liquor License for J & K Liquors located at 6013 Hodgson Road and; WHEREAS, the City of Lino Lakes has conducted an investigation of the applicant, and; WHEREAS, the existing J & K Liquors, as well as the new applicant are both in compliance with City Ordinance, and; WHEREAS, the applicant has provided proof of insurance as required and paid the III necessary fees; NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of Lino Lakes hereby approves the tranfer of an existing off -sale liquor license for J & K Liquors, subject to all the fees, provisions and conditions of the laws of the city, state and of the federal government. Adopted by the Lino Lakes City Council this day of , 2003. ATTEST: Ann J. Blair, City Clerk • John Bergeson, Mayor • STAFF ORIGINATOR: MEETING DATE: TOPIC: VOTE REQUIRED: BACKGROUND: AGENDA ITEM 4B Ann J. Blair, City Clerk October 27, 2003 Consider Adoption of Resolution No. 03 -197, Authorizing New Tobacco License for Lino Lakes Quik Stop, 6501 Ware Road, Spirit Hills Center Simple Majority An application has been submitted by Terry Anderson and James Kroska for a tobacco license at their new convenience store, Lino Lakes Quik Stop, located in the Spirit Hills area at 6501 Ware Road. They are requesting the license for the purpose of selling cigarettes at their convenience store. Their application is complete, and they have paid the necessary fees. Sergeant Steve Mortensen conducted a background investigation relative to this application as required and found no problems nor any reason to deny the application. In accordance with the City Code Section 602, Regulating the Sale, Possession and use of Tobacco Products and Tobacco Related Devices, this new business requires a Tobacco License from the City of Lino Lakes to engage in sales of any tobacco products, and this business qualifies for such Tobacco License. The applicant is fully aware license approval is subject to all the provisions and conditions of the laws of the city, state and of the federal government. OPTIONS: 1. Approve Application for Tobacco License 2. Deny Application for Tobacco License RECOMMENDATION: Option 1 • • CITY OF LINO LAKES RESOLUTION NO. 03-197 APPROVING TOBACCO LICENSE FOR LINO LAKES QUIK STOP WHEREAS, the City Council of the City of Lino Lakes met at its regularly scheduled meeting on October 27, 2003, and; WHEREAS, the Lino Lakes City Council discussed approval of a tobacco license for Lino Lakes Quik Stop, which will open a new convenience store at 6501 Ware Road in the Spirit Hills area, and; WHEREAS, the City of Lino Lakes has conducted an investigation of the applicants, and; WHEREAS, Lino Lakes Quik Stop is in compliance with City Ordinance; • NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of Lino Lakes hereby approves the tobacco license for Lino Lakes Quik Stop to be located in the Spirit Hills area at 6501 Ware Road, subject to all the fees, provisions and conditions of the laws of the city, state and of the federal government. Adopted by the Lino Lakes City Council this day of , 2003. ATTEST: Ann J. Blair, City Clerk • John Bergeson, Mayor • • • AGENDA ITEM NO. 6A STAFF ORIGINATOR: Rick DeGardner, Public Services Director COUNCIL MEETING DATE: October 27, 2003 TOPIC: Consideration of Resolution 03 -183, Accepting Donations for the Family Turkey Shoot Special Event VOTE REQUIRED: Simple Majority BACKGROUND: The Lino Lakes Parks and Recreation Department sought program sponsors for its annual Family Turkey Shoot to be held on Saturday, November 22, 2003. Since its start in 1998, over nine hundred individuals have attended this event. The event is a free holiday event for the families of Lino Lakes that consists of low -key competition in a variety of athletic events: baseball throw, frisbee toss, floor hockey shoot, football throw, basketball free throw and beanbag toss. Other event attractions include an inflatable arch bounce, removable sport tattoos and turkey coloring sheets. The following organizations have generously donated funds to help defer the costs of this event: Lino Lakes State Bank $300 Circle Pines Lexington Lions $250 Forest Lake Area Athletic Association $100 Please find attached Resolution No. 03 -183 for your consideration. OPTIONS: 1. Approve Resolution No. 03 -183 2. Do no approve Resolution No. 03 -183 RECOMMENDATION: Option 1. • Council Member adoption. introduced the following resolution and moved its CITY OF LINO LAKES RESOLUTION NO 03 -183 A RESOLUTION ACCEPTING DONATIONS FROM THE LINO LAKES STATE BANK, THE CIRCLE PINES LEXINGTON LIONS AND THE FOREST LAKE AREA ATHLETIC ASSOCIATION FOR THEIR SUPPORT OF THE LINO LAKES PARKS AND RECREATION DEPARTMENT'S ANNUAL FAMILY TURKEY SHOOT WHEREAS, the Lino Lakes Parks and Recreation Department is holding this annual holiday event on Saturday, November 22, 2003; and WHEREAS, The event is a free holiday event for the families of Lino Lakes; and WHEREAS, Participant teams, consisting of one child (ages 4 -14) and one adult, will compete in a variety of low -key athletic events for prizes; and WHEREAS, The following organizations were made aware of the desire of the Lino Lakes Parks and Recreation Department to conduct the Family Turkey Shoot with the support of program sponsors and have donated the following amounts to the City to defer the costs of this event: Lino Lakes State Bank $300 Circle Pines Lexington Lions $250 Forest Lake Area Athletic Association $100 NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Lino Lakes hereby accepts the donations to help fund the Family Turkey Shoot event and wishes to express its sincere gratitude and appreciation to these organizations for their donations. Adopted by the Lino Lakes City Council this day of , 2003. Ann Blair, City Clerk John Bergeson, Mayor 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. • AGENDA ITEM 7 A STAFF ORIGINATOR: Jeff Smyser C. C. MEETING DATE: October 27, 2003 TOPIC: Resolution 03 -184 • Preliminary Plat • Variances for Lot Depth Lakeview Estates, SE Corner Elm St. & Lakeview Drive Gerald Schultz VOTE NEEDED: 3/5 BACKGROUND Mr. Gerald Schultz of 7180 Lakeview Drive has requested approval of the Lakeview Estates preliminary plat. This project involves redevelopment of an existing residential lot in the Lexington Park Lakeview neighborhood. This was made possible by the installation of public utilities in Elm St. and the amendment of the comprehensive plan (approved by the City in May 2003) that brought the property • into the MUSA. The proposed plat would subdivide Mr. Schultz's existing lot to create two additional house lots. The existing home would remain on a lot of its own. The result is three lots instead of one. • To accommodate the development proposal, the following approvals are necessary: 1. Preliminary plat 2. Variance for lot depth: 124.7' instead of 135' Because this plat involves the redevelopment of an existing lot within an existing neighborhood, the standard approaches to reviewing the project don't apply in the same way as for a new plat in an undeveloped area. ANALYSIS Comprehensive Plan, Land Use and Zoning: The site is within a Stage 1 (pre -2010) growth area. It is in area that was added to the Low Density Sewered Residential area and MUSA by a comprehensive plan amendment that was approved earlier this year. Prior to the amendment, the Elm St. corridor had an irregular mix of MUSA, non -MUSA, sewered, and unsewered designations. The Schultz property was outside the MUSA and guided unsewered. It is now in the MUSA and guided Low Density Sewered Residential. This allows for three units per acre. Calculating density is problematic for this site. Typically, when an undeveloped area is platted, the total land area except for the wetlands is used to calculate density. This would include all new street rights of • • • Lakeview Estates page 2 way. The Lakeview Estates site is within an existing neighborhood and on the corner of two city streets. The Schultz property by itself is less than one acre (approximately 0.77 acre). However, if half the rights of way are included (the south side of Elm St. and the east side of Lakeview Drive), the area includes 1.12 acres. Other lots to the south will not be able to subdivide because they do not have the street frontage for additional lots. Therefore, the overall density of the neighborhood will not change significantly. Currently, there are 42 lots in the 40 acres between Elm St., Sunrise Drive, Fairmont Drive, and Sunset Road. This is 1.05 units /acre. Adding two lots will result in 1.10 units /acre. The table below identifies the existing land use and zoning as well as guided land uses for the area. Location Existing Land Use Guided Land Use Existing Zoning Site residential Low Density Sewered Residential R -1 North residential Medium Density Sewered Resid. R -4 PDO South residential Low Density Sewered Residential R -1 East residential Low Density Sewered Residential R -1 West residential Low Density Sewered Residential R -1 Growth Management, MUSA Reserve and Units/Year: No additional MUSA is necessary for this proposal. The May 2003 comprehensive plan amendment acquired additional MUSA for the Elm St. properties, which avoided the need to withdraw from the MUSA "bank" established in 2002. The two new units would fit within the policy of 147 per year and so could be final platted in 2003. The table below shows the status of the staging plans for new residential units. LOTS/UNITS Development Name and Phases Prelim Plat Phasing plans by year (lots /units to be final platted) year end 20021 2003 2004 I 2005 2006 2007 Stoneybrook 2nd Addn 103 51 52 Century Farm North 249 56 65 52 43 33 Ravens Hollow 56 56 Haley Manor 10 Crystal Cove 3 3 Bruggeman 152 22 47 51 32 minor subdivision Tots 1 Lakeview Estates 2 new 2 total 51 146 168 103 75 33 remaining of 147 exceeds target of 147 by percent 1 -21 21 14% 44 72 114 • • • Lakeview Estates page 3 Preliminary Plat Lots, Variances: As proposed, the lots will be 124+ feet in depth. The minimum lot depth in an Rl zone is 135 feet. The lot widths exceed the 80 ft. minimum requirement, and the lot areas exceed the minimum of 10,800 sf. Because of the size of the existing property, it is impossible to meet the 135' depth if new lots are to be created. In considering a request for a variance, the following findings should be applicable: a. That the property in question cannot be put to a reasonable use if used under conditions allowed by the official controls. b. That the plight of the landowners is due to physical circumstances unique to his property not created by the land owner. c. That the hardship is not due to economic considerations alone if reasonable use for the property exists under the terms of the ordinance. d. That granting the variance requested will not confer on the applicant any special privilege that would be denied by this ordinance to other lands, structures, or buildings in the same district. e. That the proposed actions will be in keeping with the spirit and intent of the ordinance. The existing home is on an individual septic system. The City has no record that the original system installed in the 1950s has ever been replaced. Sewer and water are available in Elm St. It is in the public interest to connect existing homes on old septic systems to city sewer whenever feasible. The site is in the MUSA, it is in a Stage 1 growth area, public sewer service is available, and the public sewer is a better option for public health and welfare. The costs of the utilities are very high for a property the size of the existing lot. Additional lots contribute to supporting the costs of the new utilities. It is unreasonable to mandate that the homeowner spend the money to install a new drainfield when public utilities are available. The property size is a physical circumstance that exists since the area was initially platted in 1949. The option of subdividing is available to other properties with road frontage. The site is zoned R -1 and the purpose statement for the R -1 zone states that the zone is "intended for development of single family detached homes on lots served with public sewer and water." The setbacks for the new homes was at 30' on the original plat. These have been moved back to 40' because Elm St. is a collector road. Streets and Driveways: No additional roads are being proposed. The existing road system can accommodate the traffic generated by the two new homes. Two driveway issues are worth noting. First, the existing driveway and garage for Lot 1 will be removed. The new lot line will run through it. It is possible that a shared driveway would be a workable option. If a shared driveway is not utilized, a new driveway must be built for Lot 1 that meets the setback requirements. • • • Lakeview Estates page 4 Second, the driveway for Lot 3 should be located as far west as possible to avoid conflict with Willow Pond Trail. Park Dedication: The subdivision ordinance includes park dedication requirements. Park dedication is $1665 per residential unit, less any land dedication. There is no land dedication needed. The park dedication will be $1665 x 2 new home lots = $3330. Utilities: Sanitary sewer and water are available as part of the reconstruction project in Elm St. Stubs have been installed in anticipation of the creation of the two new lots. Grading and Stormwater Management: The properties will drain to the newly constructed stormwater sewer facilities in Elm St. and to Lakeview Drive via a low area along the backs of the lots. CONDITIONS OF APPROVAL Approval of the project should include the following conditions, which are included in the resolution: 1. All three lots in the plat must connect to City water and sanitary sewer. 2. The existing well shall be capped if required by Minnesota Dept. of Health requirements. 3. To minimize conflicts with existing street intersections, the driveway on Lot 3 shall be as far west as possible. 4. If a shared driveway option is not utilized, a new driveway must be built for Lot 1 that meets the setback requirements. 5. Park dedication of $3330 shall be paid. OPTIONS. 1. Approve Resolution 03 -184, approving the preliminary plat, with the lot depth variances. 2. Return to staff with direction. RECOMMENDATION Option 1 This review is based on the Preliminary Plat and Grading Plan, received October 21, 2003. • • CITY OF LINO LAKES RESOLUTION NO. 03-184 APPROVING A PRELIMINARY PLAT FOR LAKEVIEW ESTATES, INCLUDING LOT DEPTH VARIANCES WHEREAS, the City has received applications for platting an area as Lakeview Estates; and WHEREAS, a public hearing was held before the Planning & Zoning Board on October 8, 2003; and WHEREAS, the City Council approved Resolution 03 -76 amending the comprehensive plan to include the site in the MUSA and in the Low Density Sewered Residential land use category; and WHEREAS, the plat meets the criteria for a variance listed in Section 2, Subd. 4 of the zoning ordinance, and NOW, THEREFORE, BE IT RESOLVED that the Lino Lakes City Council hereby approves the preliminary plat for Lakeview Estates. BE IT FURTHER RESOLVED that the Lino Lakes City Council hereby approves variances to allow the lot depths to be 124+ feet, as shown on the preliminary plat. BE IT FURTHER RESOLVED that the following conditions of approval apply: 1. All three lots in the plat must connect to City water and sanitary sewer. 2. The existing well shall be capped if required by Minnesota Dept. of Health requirements. 3. To minimize conflicts with existing street intersections, the driveway on Lot 3 shall be as far west as possible. 4. If a shared driveway option is not utilized, a new driveway must be built for Lot 1 that meets the setback requirements. 5. Park dedication of $3330 shall be paid. 6. This approval is based on the Preliminary Plat and Grading Plan, dated October 22, 2003, received October 21. • Adopted by the Lino Lakes City Council this day of , 2003 ATTEST: Ann Blair, City Clerk • John J. Bergeson, Mayor Resolution 03 -184, page 2 • • City Council May 27, 2003 Elm Street Comp Plan Amendment W • • • City Council May 27, 2003 Elm Street Comp Plan Amendment Land Use Change ai m U co El `c o m o L - 008 0 Ned �a -0�c �� cD Jln 2~J L MUSA Allocation Prepared May 9. 2003 6 1-- z V 07 rc 3AV — an z 2Jrc ZW 0 ZI- 0 O tin ti N 07 3NV l 318 48313,,30 Hd3SO/' 1NIVS 1 Id nS :ti► m f _ "� 10 T l©©h W sco a SUNNY6atE.,�� -N, "ADD • 3AV 11111 EIMENCIIIS 1 M IAN 1 iy � r ON033S O N O) m 0 - 07 a 0, N N 0, N 7o r m m m n to N 'o a WI n a M CO A 7 O N Z X 01 01 -J 0 ��-ZI HVS3 W 4\ a R A 3A1H0 3SRINfS 01 0) P 0) Y1 a h) N ` O V N in a Y) 10 N 0 01 0 0 ) ' m N m M n a to in in 11 to a - M m a 10� O 3AIa0 0 0 o7 m 7.- m Al fn 07 N gnlH� 0' m ti u N m - — 13SNn • a Q.h,nELfit©. ett ammo nm 'e©iiiimi ft fr 7200 7100 ..aoocer-= M© � ©° ©, oF ra MEE o s �" ool irp MIMI _ - enc �D ii, T __r ao m, te. ft d0 ®© Ellen ,,.a mop rows "° " io - 'rI ar , oa �ri e l.. �. tQ �1i4LrII! '.ti{ an Ein 6.10at#aetnin no 61-,jt Ghe u MEE !ice :,o amd'd►` UM al Leo o= o1a" se.' Q7� tzer. v 0MI 0�= BM RIB' 1 s A AMI o `:: �m ee 2nd: 7000 6900 6800 samil I !� INIIN man um= maim M!© Qa 111111m EMIR KIM tiu r ji . iii_ RH MUM MBE min MIEN HUM 6700 • 6600 sIw%;. dr,rifferritmlenrrenpn S3)11/1 0N11 JO�AIIO 0 r � I I I I - --J L - - -J 1IV81 GNOd MOI1IM • bi £L L OL'4Z 3.84,L 1.005 1,-1—.1 £00ZIZ130 O3AI30321 {IE1. i4 IIli 111P • iiC _ NI play GRAPHIC SCALE e vz 0 E o ' § u b IS W O mow .5 �Rbi ° 5 0 6 a 0 : t� $ b a 666£6888222 6 ddoo 0 0 000 6 0 0 0 0 "0' x I U7 8 O L__ °,_1 -' m — >ie1211_ - - - -'7 Ij Vx139 a9 of CO _ ra, 9330 $ �1 L93,31 M, «,00.00S stomata s ustzx; o '�• cn 01 3AI2lt] +M31A3MV1 01 N AGENDA ITEM 7Bii • STAFF ORIGINATOR: James E. Studenski, City Engineer 1 • COUNCIL MEETING DATE: October 27, 2003 TOPIC: Resolution No. 03 -180, Accepting Bids and Awarding Construction Contract, 21" Avenue Street & Storm Sewer Improvement Project VOTE REQUIRED: 3/5 Vote Required BACKGROUND: Sealed bids were received and publicly opened at 10:00 a.m. on August 28, 2003. The results of the bid opening are presented below. City Council action is required to award a construction contract to the lowest responsible bidder. Contractor Amount of Bid Arnt Construction Company, Inc. $ 228,821.90 Jay Bros., Inc. $ 234,300.05 W B Miller, Inc. $ 389,145.20 Engineer's Estimate $299,840.00 The low bid is approximately 24% below the Engineer's Estimate for this project. A copy of the complete bid tabulation is attached. The substantial completion date for this project is November 23, 2003, with a final completion date of June 4, 2004. OPTIONS: 1. Return to staff for further review. 2. Adopt Resolution Number 03 -180, Accepting Bids and Awarding a Construction Contract to Arnt Construction Company, Inc. for the 21' Avenue Street & Storm Sewer Improvement project. 3. Not adopt Resolution No. 03 -180. RECOMMENDATION: Option No. 2 - Staff recommends adoption of Resolution Number 03 -180. • • • CITY OF LINO LAKES RESOLUTION NO. 03 -180 RESOLUTION ACCEPTING BIDS AND AWARDING A CONSTRUCTION CONTRACT — 21St AVENUE STREET & STORM SEWER IMPROVEMENT PROJECT. WHEREAS, pursuant to an advertisement for bids for the construction of the 21st Avenue Street & Storm Sewer Improvement project, bids were received, opened and tabulated according to law, and the following bids were received complying with the advertisement: Contractor Amount of Bid Arnt Construction Company, Inc. $ 228,821.90 Jay Bros., Inc. $ 234,300.05 W B Miller, Inc. $ 389,145.20 Engineer's Estimate $299,840.00 AND WHEREAS, it appears that Arnt Construction Company, Inc. 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 Arnt Construction Company, Inc., in the name of the City of Lino Lakes for the construction of the 21st Avenue Street & Storm Sewer Improvement project according to the plans and specifications approved by the City Council and on file in the office of the City Clerk. 2. The City Clerk is hereby authorized and directed to return forthwith to all bidders the deposits made with their bids, except that the deposits of the successful bidder and the next lowest bidder shall be retained until a contract has been signed. Adopted by the Lino Lakes City Council this 27th day of October 2003. Ann J. Blair, City Clerk John J. Bergeson, Mayor TKDA • ENGINEERS • ARCHITECTS - PLANNERS October 8, 2003 Honorable Mayor and City Council City of Lino Lakes, Minnesota Re: 21st Avenue Street and Storm Sewer Improvements City of Lino Lakes, Minnesota TKDA Commission No. 12688 -01 Dear Mayor and City Council: 1500 Piper Jaffray Plaza 444 Cedar Street Saint Paul, MN 55101 -2140 (651) 292 -4400 (651) 292 -0083 Fax www.tkda.com Bids for the referenced project were received on August 28, 2003, with the following results. A complete Tabulation of Bids is enclosed for your information. Contractor Base Bid Arnt Construction Co., Inc. $ 228,821.90 Jay Bros., Inc. $ 234,300.05 W.B. Miller, Inc. $ 389,145.20 Engineer's Estimate $ 299,840.00 Recommendation We recommend that you award the Contract to the lowest bidder, Arnt Construction Co., Inc., for their base bid of $228,821.90. Please do not hesitate to call me with any questions or comments you may have. Sincerely, James E. Studenski, P.E. Project Manager JES:art Enclosure An Employee Owned Company Promoting Affirmative Action and Equal Opportunity TKDA COMMISSION NO. 12688 -01 ENGINEERS • ARCHITECTS • PLANNERS BIDS OPENED: AUGUST 28, 2003, AT 10:00 AM "DENOTES ERROR IN BIDDERS CALCULATION ENGINEER'S ESTIMATE ARNT CONSTRUCTION CO., INC. JAY BROS. INC. ITEM UNIT TOTAL UNIT TOTAL UNIT TOTAL NO. DESCRIPTION QUANTITY UNIT PRICE AMOUNT PRICE AMOUNT PRICE AMOUNT 0 0 O 0 h N EA 1 $ 5,472.00 0 0 O 7 0) 0) EA 00'OOL $ 1 00 0 00 00 0.. r 69 o 't N EA 0 0 0 0 t� N fA $ 1,970.00 0000 0 00000 Co oc0r0 N fA 0 c0 EA 0 co r EA 0 N EA 00'999'9 $ 1 1 $ 975.00 0 0 O O n N EA 0 0 O O 0) 69 0 0 O M c0 69 0000 0 0 0(5 0000 OO N r EA EA 0 00 U"). r EA 0 N r EA $ 458.50 00 o coN co 0I\ c+) ER CO EA $ 28,318.501 $ 30,187.501 oo o 00 c00 rCO (0 ER 0 CO 69 $ 24,705.00 1 $ 24,260.50 $ 450.00 $ 15,100.25 ]$ 30.00 $ 32.00 $ 35.00 $ 700.00 1$ 1,000.00 $ 1,200.00 $ 1,375.00 $ 1,970.00 00 o0 co 0 O N 69 to EA $ 58.00 f$ 155.00 0 u0 c0 69 $ 3.25 0 O O EA $ 3,000.00 $ 12,800.00 $ 1,000.00 $ 150.00 $ 125.00 $ 3.50 00U) 0. r 69 c"! N EA c') NI' EA $ 8.75 oo 9. 0) 69 0 T EA $ 40.50 $ 40.10 OO 00 co r 0) EA ER $ 2,392.00 1 $ 4,788.00 1 O 00 c0 c0 c0i- cA ER 0 c0 ,— EA $ 1,370.001 0 q O O CO N ER $ 3,296.00 L - 0 O et 00 CO N EA 0 O O 0 r EA 1$ 850.001 $ 1,700.00 $ 1,024.00 0 c00O 000 O (C) c} EA 0 O 111. r ER 0 co V_ C7 EA $ 660.00 O co O) co CO N er 69 $ 7,500.00 $ 1,200.00 • 0 O r EA 0 O r EA 0 c0 N EA 0 (0 CO M EA 0 N n 0) EA $ 24,607.801 1 0 Oc0Oo cf)MNO CO 0) co co EA 0 ER 0 N 0)r c0 N 69 0 CO co N EA $ 22,748.00 $ 375.00 $ 18,088.00 O 0 Ca N E �$ 28.00 $ 34.00 0 O co P $ 1,370.00 0 0 6 r EA $ 1,648.00 $ 2,884.00 0 q cc�o} f0 r EA 1 $ 85.00 1 $ 85.00 0 q cO0 N EA $ 4.56 00 00 EA N EA 0 q O N N 69 $ 7,500.00 $ 1,200.00 $ 110.00 00100 O r EA 0 N EA CV r EA Of. C6 EA CO (0 EA • - • t0'0 $ of c0 O r 69 $ 38.00 f 000 c0"ON n O E9 r r EA EA $ 26.00 1 $ 2,392.00 fA 0 O O co EA $ 38.00 .1 $ 10,792.00 00'00L $ 1 00'00L $ 1 $ 900.00 1 $ - 900.00 N EA 0 0 O r EA N 69 0 O O O r ER O O O O O N EA 0 O O O N EA O O O O et r EA 0 0 O 0 r EA 1$ 70.00 1 $ 700.00 $ 70.00 1 $ 1,400.00 1 I$ 250.00 1 $ 1,000.00 O O O O N N 69 0 0 N EA $ 1.50 1 $ 450.00_ $ 25.00 $ 3,750.00 $ 3,400.00 $ 1,020.00 $ 56,834.00 II!PuJF $ 20,000.00 $ 20,000.00 $ 2,000.00 $ 2,000.00 $ 100.00 $ 1,000.00 EA O 0 ER EA co EA EA N ER EA (0 EA O r EA $ 12.00 1 $ 41,400.00 EA in r EA $ 10.00 1$ 28,000.001 $ 38.00 1 $ 23,180.00 1 00'98E'ZZ $ 001C $ $ 625.00 $ 12,920.00 0 O c0 o N W EA EA LL J LF 1 LF <<< W W W EA EA EA ›.- 00 ›.- HRS >- 0 U_ 1 y SY Cr 0 Q LS LS CCCrLL I— I— JU)J ) - LL CY CY }ZZ 0 0 0 TON GAL LF �� 284 rrN N O V'O 300 150 0.3 lIO-- 324 6510 3450 350 2800 605 250 1615 DIVISION I - STORM SEWER CONSTRUCTION 115" RC PIPE SEWER, CLASS 5, DESIGN 3006 118" RC PIPE SEWER, CLASS 5, DESIGN 3006 124" RC PIPE SEWER, CLASS 3, DESIGN 3006 115" RC PIPE APRON WITH TRASH GUARD 24' RC PIPE APRON WITH TRASH GUARD CONSTRUCT CATCH BASIN - TYPE 402 CONSTRUCT 48" DIAMETER CATCH BASIN MANHOLE - TYPE 406 CONSTRUCT 60" DIAMETER CATCH BASIN MANHOLE - TYPE 406 CONSTRUCT 48" DIAMETER STORM SEWER MANHOLE - TYPE 409 RIPRAP CLASS II RIPRAP CLASS III EXPLORATORY DIGGING POND /DITCH EXCAVATION CRUSHED ROCK 6" DEPTH (TRENCH STABILIZATION) INSULATION (4" THICK) STORM POND NATIVE SEEDING (MN /DOT MIX 25A MODIFIED [25B1) SUBTOTAL DIVISION 1 DIVISION II - STREET CONSTRUCTION AND RESTORATION MOBILIZATION TRAFFIC CONTROL CLEARING GRUBBING REMOVE CONCRETE CURB AND GUTTER (ALL TYPES) REMOVE BITUMINOUS PAVEMENT (ALL DEPTHS) SAWCUT BITUMINOUS PAVEMENT (FULL DEPTH) COMMON EXCAVATION (P) SELECT GRANULAR BORROW (CV) (P) TOPSOIL BORROW (LV) AGGREGATE BASE, CLASS 5 (100% CRUSHED) TYPE LV AGG. 3 WEARING COURSE (B) (LVWE35030B) TYPE LV AGG. 3 NON - WEARING COURSE (B) (LVNW35030B) BITUMINOUS MATERIAL FOR TACK COAT B618 CONCRETE CURB AND GUTTER ('JC0L0W h O C) O r N co 'ct co CO r N CO ,:1- c0 c0 c� co a° r r r V) TKDA COMMISSION NO. 12688 -01 ENGINEERS • ARCHITECTS • PLANNERS BIDS OPENED: AUGUST 28, 2003, AT 10:00 AM *DENOTES ERROR IN BIDDERS CALCULATION ENGINEER'S ESTIMATE ARNT CONSTRUCTION CO., INC. JAY BROS. INC. ITEM UNIT TOTAL UNIT TOTAL UNIT TOTAL NO. DESCRIPTION QUANTITY UNIT PRICE AMOUNT PRICE AMOUNT PRICE AMOUNT $ 250.00 $ 405.00 00 O CO EA $ 1,500.00 00 N CO 69 00 1*-- CO Efl $ 7,000.00 $ 2,024.00 O 001 r 69 O 01 69 0 On (0 4- 0) r 69 0 O M et C) N E9 $ 250.00 0 4C) O E9 $ 300.00 $ 300.00 0 O O CO 69 $ 2.25 0 0) N 69 $ 2,530.00 $ 65.00 $ 4.00 $ 180.00 $ 324.00 $ 250.00 o O 4f)0 N r EA O O O r 69 $ 3.00 O O 4U ^ 49 $ 1,152.00 O 00 400 49 0)) E9 0 N CO. 0 C co w- 49 $ 228,821.90 $ 180.00 $ 0.40 $ _ 250.00 $ 225.00 $ 500.00 r 0 0 Efl 0 0 C+) 4 EA 0 O s0 4 0 O 0 N Ef9 r $ 40.00 O 47 49 0 0 O) 69 00'000' I. $ 0 000 400 69 O 0 C00 69 0O 0 N 40 49 $ 800.00 0 O 400 49 1 $ _1,645.00_ 40 M ter N 49 0 0 CO 01 0) N 49 O 49 O O x EA49 0 0 0 O 0 0 N 49 $ 300.00 I, $ 2.00 $ 2.50 0 0 40 0 0 N EA $ 7.00 EA LF EA a W EA LF >- CO ACRE EA LF '_aO O O r O Cn 2.0 300 2500 oe OM 235 TOTAL 21ST AVENUE STREET AND STORM SEWER IMPROVEMENTS 1 INSTALL SIGN TYPE C (INCLUDING POST AND ASSEMBLY) PAVEMENT MARKINGS - 4" SOLID LINE - WHITE PAINT TYPE III BARRICADE ADJUST EXISTING VALVE BOX ADJUST EXISTING FRAME AND RING CASTING SILT FENCE, TYPE PRE - ASSEMBLED [SODDING - TYPE SALT RESISTANT - - - SEEDING (INCLUDING SEED MIX 50B OR 60B, FERTILIZER, MULCH, AND DISK ANCHORING RELOCATE MAILBOXES 4" STREET DRAINTILE WITH GEOTEXTILE SOCK SUBTOTAL DIVISION 11 co T ,-,- N N N N N N TKDA COMMISSION NO. 12688 -01 ENGINEERS • ARCHITECTS • PLANNERS BIDS OPENED: AUGUST 28, 2003, AT 10:00 AM `DENOTES ERROR IN BIDDERS CALCULATION W.B. MILLER, INC. BIDDER BIDDER ITEM UNIT TOTAL UNIT TOTAL UNIT TOTAL NO. DESCRIPTION QUANTITY UNIT PRICE AMOUNT PRICE AMOUNT PRICE AMOUNT E9 E9 69. E9 E9 E9 E9 (fl E9 EA 69 E9 69 EA E9 E9 0) E9 69 64 69 E9 E9 EA. 69 E9 E9 EA E9 E9 EA E9 E9 E9 49 49 E9 E9 69 f9 E9 69 EA E9 49 E9 fA E9 to 69 EA E9 69 E9 E9 69 EA EA EA 49 E9 69 E9 E9 1 $ 3,174.00 1 $ 6,498.00 0 0 0 0 0 0 000000 t ■ O CO TNN 69 E9 E9 1 $ 4,800.00 0 0 00 N N 69 $ 3,300.00 0 0 0000 M Nr E9 0 0 r 69 0 0 00 N 69 $ 1,900.00 1 $ 8,383.00 0 q 00 N E9 $ 1,275.001 1$__ 1,440.00 0 q 0 0 69 $ 15,000.001 0 0 00 CO Nr EA $ 1,600.00 $ 1,600.00 0 0 0 n EA $ 11,198.20 1 0 o ui N ,- 69 $ 73,237.50 1 0 0 O000 000 (OD n 14j E9 E9 0 V (0 EA 0 ^0 N 69 $ 34,485.00 $ 450.00 1 o 0 0 M 0) E9 $ 34.50 0 co M E9 0 0 0 V 0 0 OM N N EA E9 E9 1 $ 2,400.00 O 0 (D N E9 O 0 M M E9 O• 0 M N 69 -_ LS $ 475.00 $ 8.30 _ $ 8.50 $ 4,800.00 O 0 p m EA O 0 (0 nj EA o o 0 0 ,-, 69 E9 o (0 E9 co M EA N C) E9 $ 11.25 $ 21.00 1 $ 16.00 1 OO r(-•0 E9 0 ^ 0) $ 57.00 cc! r E9 $ 12.00 1 LF J LF EA EA W EA W EA 0 CY HRS 0 LF W ACRE J CO TR TR LF 1 W J CY U V TON TON 0 J N Q) T 284 1 1 N N r r 0 O O- p p M 0 r M O r r I l 0 0 131 (0 324 O 3450 1 O M 2800 1 O O (n (00 250 DIVISION I - STORM SEWER CONSTRUCTION 15" RC PIPE SEWER, CLASS 5, DESIGN 3006 118" RC PIPE SEWER, CLASS 5, DESIGN 3006 24" RC PIPE SEWER, CLASS 3, DESIGN 3006 15" RC PIPE APRON WITH TRASH GUARD 24" RC PIPE APRON WITH TRASH GUARD CONSTRUCT CATCH BASIN - TYPE 402 CONSTRUCT 48" DIAMETER CATCH BASIN MANHOLE - TYPE 406 CONSTRUCT 60" DIAMETER CATCH BASIN MANHOLE - TYPE 406 CONSTRUCT 48" DIAMETER STORM SEWER MANHOLE - TYPE 409 ,TYPE CLASS II RIPRAP CLASS III EXPLORATORY DIGGING POND /DITCH EXCAVATION CRUSHED ROCK 6" DEPTH (TRENCH STABILIZATION) INSULATION (4" THICK) STORM POND NATIVE SEEDING (MN /DOT MIX 25A MODIFIED [25B)) SUBTOTAL DIVISION I DIVISION II - STREET CONSTRUCTION AND RESTORATION MOBILIZATION TRAFFIC CONTROL CLEARING GRUBBING REMOVE CONCRETE CURB AND GUTTER (ALL TYPES) 1 REMOVE BITUMINOUS PAVEMENT (ALL DEPTHS) SAWCUT BITUMINOUS PAVEMENT (FULL DEPTH) COMMON EXCAVATION (P) l SELECT GRANULAR BORROW (CV) (P) J 0 m 0 m J_ 0 U) a 0 H AGGREGATE BASE, CLASS 5 (100% CRUSHED) TYPE LV AGG. 3 WEARING COURSE (B) (LVWE35030B) TYPE LV AGG. 3 NON - WEARING COURSE (B) (LVNW35030B) BITUMINOUS MATERIAL FOR TACK COAT B618 CONCRETE CURB AND GUTTER .- N M V t0 O n co m Or ..... . N M 'ct t0 O n M m T r .�- L() TKDA COMMISSION NO. 12688 -01 ENGINEERS •ARCHITECTS - PLANNERS BIDS OPENED: AUGUST 28, 2003, AT 10:00 AM *DENOTES ERROR IN BIDDERS CALCULATION W.B. MILLER, INC. BIDDER BIDDER ITEM UNIT TOTAL UNIT TOTAL UNIT TOTAL NO. DESCRIPTION QUANTITY UNIT PRICE AMOUNT PRICE AMOUNT PRICE AMOUNT (fl Eft V, fA EA E9 EA 69. cfl69 CA. 49. ER 69 EA- 69 f969 tH :»Ur!f» vi ee> 0 T fH $ 486.00 $ 300.00 I $ 950.00 $ 740.00 $ 1,080.00 $ 9,000.00 $ 1,680.00 O M M 69 $ 2,937.50I $ 328,445.201 N et r CO' CO M d! 0 COO O O .- Ea EA $ 300.00 0 0 r CA 0 0 M fA $ 3.60 0 CO M 69 C 0 00 N Ea 0 O 69 CL N fA WJW EA W LF CI) ACRE W LF O T QO O .- O 11) L o'Z 0 co 2500 8'0 M 235 TOTAL 21ST AVENUE STREET AND STORM SEWER IMPROVEMENTS INSTALL SIGN TYPE C (INCLUDING POST AND ASSEMBLY) PAVEMENT MARKINGS - 4" SOLID LINE - WHITE PAINT TYPE III BARRICADE ADJUST EXISTING VALVE BOX ADJUST EXISTING FRAME AND RING CASTING SILT FENCE, TYPE PRE - ASSEMBLED SODDING - TYPE SALT RESISTANT SEEDING (INCLUDING SEED MIX 50B OR 60B, FERTILIZER, MULCH, AND DISK ANCHORING RELOCATE MAILBOXES 4" STREET DRAINTILE WITH GEOTEXTILE SOCK SUBTOTAL DIVISION II CD r- r-- M O) O N N N N M N V N L() N • AGENDA ITEM 7C STAFF ORIGINATOR: James E. Studenski, City Engineer COUNCIL MEETING DATE: October 27, 2003 TOPIC: Resolution No. 03 - 185, Approving Development Agreement, Ravens Hollow Vote Required: Simple Majority BACKGROUND: The City Council approved the preliminary plat of Ravens Hollow on July 9, 2003 and authorized execution of a grading only development agreement on October 13, 2003. Ravens Hollow Subdivision consists of 56 units of residential development. In accordance with the preliminary plat approval and City policy staff has prepared a Development Agreement for Ravens Hollow Subdivision. The agreement provides for the following: • 1. Submittal by the developer of a Letter of Credit in the amount of $1,063,000.00 representing 150 percent of the development improvement costs and a Letter of Credit in the amount of $100,750.00 representing 35 percent of the City improvement costs to insure completion of the project in accordance with the approved plans. 2. Deposit of a cash escrow in the amount of $239,500.00 to reimburse the City for costs incurred by the City related to the development and improvements of the site and developer improvements. KG Development, Inc. has reviewed the contract and is aware of the conditions set forth. • OPTIONS: 1. Return to staff for further review. 2. Adopt Resolution Number 03 - 185, Approving Development Agreement, Ravens Hollow. 3. Not adopt Resolution Number 03 —185. RECOMMENDATION: Option No. 2 - Staff recommends that Resolution Number 03 - 185 be adopted. • CITY OF LINO LAKES RESOLUTION NO. 03 -185 RESOLUTION APPROVING DEVELOPMENT AGREEMENT, RAVENS HOLLOW. WHEREAS, the City Council approved the preliminary plat of Ravens Hollow on July 9, 2003, and a grading only development agreement on October 13, 2003, and WHEREAS, the City's subdivision ordinance and conditions of approval require the execution of a development contract, between the Developer and the City of Lino Lakes, prior to commencement of site construction activities and final plat approval to insure satisfactory completion of public improvements. NOW, THEREFORE, BE IT RESOLVED THAT the Lino Lakes City Council approves the Development Contract with KG Development, Inc., for Ravens Hollow Subdivision and authorizes the Mayor and City Clerk to execute such agreement on behalf of the city. Adopted by the Lino Lakes City Council this 27th day of October, 2003. • Ann J. Blair, City Clerk r John J. Bergeson, Mayor • • DEVELOPMENT CONTRACT Ravens Hollow THIS AGREEMENT made this 27th day of October, 2003, is by and between the City of Lino Lakes, whose address is 600 Town Center Parkway, Lino Lakes, Minnesota, 55014, a municipal corporation organized under the laws of the State of Minnesota, hereinafter referred to as the "City ", and KG Development whose address is P.O Box 190, North Branch, Minnesota 55056 hereinafter referred to as the "Developer ". WHEREAS, the Developer has received preliminary plat approval from the City Council for a plat of land within the corporate limits of the City known as Ravens Hollow, hereinafter called "Subdivision ", said land is legally described to -wit All that part of Lot Eight (8), Auditor's Subdivision No. 107, according to the map or plat thereof on file and of record in the office of the Register of Deeds in and for Anoka County, Minnesota, that lies East of the line which is parallel to and 660.3 feet East of the most westerly line of said Lot 8, as measured along the South line of said Lot 8. Subject to an easement for roadway purposes over and across the North 33 feet thereof and, subject to existing highway encumbrances over the East 33 feet thereof and subject to a perpetual easement for ingress and egress across that part of Lot 8, Auditor's Subdivision No. 107, Anoka County, Minnesota described as follows: Beginning at a point on the North line of said Lot 8, distant 324 feet West from the Northeast corner of said Lot 8; thence southerly at a right angle to said North line 120 feet, thence westerly at a right 100 feet; thence northwesterly to a point on the South line of the North 95 feet of said Lot 8 distant 660.3 feet East of the West line of said Lot 8; thence northerly and parallel to said West line 95 feet to the North line of said Lot 8; thence East to the point of beginning. • • Development Contract Ravens Hollow The North Half of the North Half of the South Half of the Northeast Quarter of the Southeast Quarter of Section 31, Township 31 North, Range 22 West, Anoka County, Minnesota, now known as Lot 11, Auditor's Subdivision No. 107. AND That part of the Northeast Quarter of the Southeast Quarter of Section 31, Township 31, North, Range 22, that is described as follows: Commencing at the Northwest corner of said Northeast Quarter of the Southeast Quarter and proceeding thence East on the North line of said Northeast Quarter of the Southeast Quarter for a distance of 264.3 feet and to the actual point of commencement herein; proceeding thence South and parallel to the West line of said Northeast Quarter of the Southeast Quarter for a distance of 330.75 feet; proceeding thence East for a distance of 396 feet and in a straight line to a point 330.74 feet South from the North line of said Northeast Quarter of the Southeast Quarter measured on a line parallel to said West line; and proceeding thence North and parallel to said West line to the said North line; and proceeding thence West on said North line to the point of commencement. Now known as part of Lot 8, Auditor's Subdivision No. 107, according the map or plat thereof on file and of record in the office of the County Recorder in and for Anoka County, Minnesota. AND South half of North half of Northeast Quarter of the Southeast Quarter Section 31, Township 31, North, Range 22, except the following described part thereof: Commencing at the Northwest comer of the Northeast Quarter of the Southeast Quarter, Section 31, Township 31, Range 22; thence South along the West line thereof a distance of 330.75 feet which point is the actual beginning of this description; thence East parallel with the North line of said section a distance of 231.3 feet; thence South a distance of 165.375 feet parallel with the West line of said section; thence West 231.3 feet parallel with the North line of said section; thence North along the West line of the Northeast Quarter of the Southeast Quarter of said section a distance of 165.375 feet to the point of beginning. page 2 • Development Contract Ravens Hollow Subject to an easement over the West 33 feet thereof for public roadway purposes; and subject to the reservation of a right of way for purposes over the South 2 rods of the West 24 rods thereof, containing 9 acres more or less. Except That part of Lot 10, Auditor's Subdivision No. 107, according to the map or plat thereof on file and of record in the office of the Register of Deeds in and for Anoka County, Minnesota, that is included in the following described tract of land: Commencing at the center line of the Highway adjoining said Lot 10 on the West where the North line of said Lot 10, which line is also the North line of Lot 9, said line being extended, intersects said Highway and proceeding thence East on said North line for a distance of 264.3 feet; and proceeding thence South and parallel to the West line of said Lot 10 for a distance of 165.375 feet; and proceeding thence West and parallel to the North line of said Lot 10 to the center line of said Highway; and proceeding thence North on said center line to the point of commencement. This tract includes Lot 9, said Auditor's Subdivision, and this deed is made for the purposes of explaining a possible ambiguity existing in the deed dated 15 December, 1951 and filled for record 15 December 1951, in book 263, on page 271. WHEREAS, the Developer requested that the City construct and finance certain improvements to service the subdivision; and WHEREAS, the Developer is to be responsible for the installation and financing of certain private improvements within the subdivision; and WHEREAS, Minnesota Statute 429 provides a method for assessing the cost of City installed improvements to the benefited property. WHEREAS, the City Subdivision Ordinance and Minnesota Statute 462.358 authorize the City to enter into a performance contract secured by cash escrow or other security to guarantee completion and payment of such improvements following final approval and recording of final plat; and NOW, THEREFORE, in consideration of the mutual promises of the parties made herein, IT IS AGREED BY AND BETWEEN THE PARTIES HERETO: that the page 3 • Development Contract Ravens Hollow I. DESIGNATION OF IMPROVEMENTS A. Improvements to be installed at the Developer's expense by the Developer as hereinafter provided are hereinafter referred to as "Developer Improvements ". B. Improvements to be installed by the City and financed by the Developer are hereinafter referred to as "City Improvements ". II. DEVELOPER IMPROVEMENTS A. The Developer's Engineer shall prepare, at the Developer's expense, a grading plan, street and utility plan, and a surface water management plan. The Developer shall secure a contractor to install these improvements; said contractor shall be approved by the City at its ABSOLUTE discretion. All Developer Improvements shall require City inspection and approval and, where appropriate, the approval of any other governmental agency having jurisdiction. The Developer will construct and install at Developer's expense the following improvements according to the following terms and conditions: 1. Grading Plan a) A final site grading plan, including certified wetland delineation, with maximum two -foot contours and cross sections as necessary shall be submitted and approved by the City prior to commencement of any site grading. 2. Erosion Control Plan a) The Developer shall submit an erosion control plan, detailing all erosion control measures to be implemented during construction. Said plan shall be approved by the City prior to the commencement of site grading or construction. b) The Developer shall submit a turf establishment plan which details topsoil placement, seeding, sodding, mulching, fertilizing and watering. Said plan shall be approved by the City prior to the commencement of site grading or construction. 3. Tree Preservation Plan a) Developer will provide a tree preservation plan prior to any site grading which shall be in accordance with the City Tree Preservation Policy. Developer shall escrow for boulevard tree planting for each side of a lot which abuts a street. The City Forester shall determine species, size and location. page 4 • • • Development Contract Ravens Hollow b) The Developer shall remove, dispose of, or treat all dead and diseased trees in accordance with the City Forester's recommendation before building permits will be issued. 4. Grading and Erosion Control Construction & Maintenance a) Prior to the commencement of site grading and erosion control, the Developer shall complete items II.A.1, II.A.2, and II.A.3 as listed above. b) The Developer shall grade the site to within 0.2 foot of the grades shown on the approved grading plan. No deviations will be allowed unless a revised plan is submitted and approved by the City and all other regulatory agencies. c) All development shall conform to the natural limitations presented by the topography and soil of the subdivision in order to create the best potential for preventing soil erosion. d) Erosion and siltation control measures shall be coordinated with the different stages of development. Appropriate control measures as required by the City shall be installed prior to development when necessary to control erosion. e) Land shall be developed in increments of workable size such that adequate erosion and siltation controls can be provided as construction progresses. The smallest practical area of land shall be exposed at any one period of time. g) Where the topsoil is removed, sufficient arable soil shall be set aside for respreading over the developed area. The topsoil shall be restored to a depth of at least four (4) inches and shall be of a quality at least equal to the soil quality prior to development. The Developer shall install four (4) inches of topsoil on all boulevards and seed or sod as approved by the City. The Developer shall make all necessary adjustments to the curb stops to bring them flush with the topsoil prior to occupancy. h) All disturbed areas shall be seeded. i) The front 50 feet of the lots, the street right -of -way, storm water storage ponds, and surface water drainage ways shall be graded prior to commencement of utility construction. page 5 Development Contract Ravens Hollow J) Drainage swales, ditches, storm water storage ponds and other high risk erosion areas shall be protected from erosion. k) All remaining grading must be completed prior to issuance of building permits. 1) Protect streets from erosion deposits. This should include a combination of roadside silt fences, roadside sod strips, catch basin rock bale inlet protection, rock construction entrances, straw mulch, and/or street sweeping. m) The Developer's engineer shall certify, in writing with an as-built survey, that all grading complies with the grading plan prior to issuance of building permits. 5. Final street grading, subbase, gravel base, bituminous binder course, and concrete curb and gutter. 6. Storm sewers when determined to be necessary by the City Engineer, including all necessary laterals, catch basins, inlets and other appurtenances. 7. Sanitary sewer, laterals or extensions, including all necessary building services and other appurtenances. 8. Water, laterals or extensions, including all necessary building services, hydrants, valves and other appurtenances. 9. The Developer shall place iron monuments at all lot and block corners and at all other angle points on boundary lines. Iron monuments shall be placed after all street and lawn grading has been completed in order to preserve the lot markers for future property owners. Lot corner irons on the back property line shall be installed so that the top of the iron corresponds to the finished ground elevation in accordance with the approved grading plan - guard stakes shall be appropriately installed to mark these irons. 10. The Developer agrees to maintain, at all times before acceptance of the streets by the City, an access road suitable for use by emergency, police and fire department equipment. The adequacy of such road shall be the sole determination of the City. Furthermore, such access road shall be located no more than 150 feet from any structure built within the Subdivision. 11. The Developer shall promptly clear dirt and debris, within public right -of- ways, and drainage and utility easements, resulting from construction by the Developer, its purchasers, builders and contractors within five (5) days after notification by the City. The Developer or its assigns shall be page 6 • • Development Contract Ravens Hollow responsible for all necessary street and storm sewer maintenance including street sweeping, storm sewer cleaning, ditch cleaning and pond dredging, resulting from the accumulation of said dirt and debris, until all Certificates of Occupancy are issued. Warning signs shall be placed when hazards develop in streets to prevent the public from traveling on same and directing attention to detours. If and when the streets become impassable, such streets shall be barricaded and closed. The Developer shall maintain a smooth, hard driving surface and adequate drainage on all temporary streets. 12. Street Lighting: a) Residential street lighting shall be owned by the City. Such street lighting system shall be installed, operated, and maintained by the electric utility company. City and electric utility company may enter into a contractual agreement on the rate and maintenance of the street lighting system. b) It shall be the responsibility of the Developer to pay for street lighting operation charges for the initial 15 months of operation of the system. 13. The Developer shall dedicate to the City, prior to approval of the final plat, at no cost to the City, all permanent or temporary easements necessary for the construction and installation of the Developer Improvements. All such easements required by the City shall be in writing, in recordable form, containing such terms and conditions as the City shall determine. 14. The Developer shall be responsible for securing all site grading and development approvals and permits from all appropriate Federal, State, Regional and Local jurisdictions prior to the commencement of site grading or construction and prior to the City awarding construction contracts for public utilities. 15. The Developer shall make provision that all gas, telephone, cable TV and electric utility designs be submitted to the City for review and approval prior to construction of the streets. Following review and approval by the City, the Developer shall insure that all installations comply with applicable City, County and State design standards and show proof of security arrangements with said utility companies. 16. Cost of Developer Improvements, description and completion dates are as shown on Attachment A. page 7 • Development Contract Ravens Hollow 17. Construction of Developer's Improvements: a) The construction, installation, materials and equipment shall be in accordance with the plans and specifications approved by the City. b) All of the work shall be under and subject to the inspection and approval of the City and, where appropriate, any other governmental agency having jurisdiction. c) Prior to the acceptance of Developer Improvements by the City, the Developer shall obtain final plat approval and record the final plat which will dedicate all permanent easements necessary for the construction and installation of the Developer and City Improvements as determined by the City. d) All construction debris and trash shall be properly disposed of at the Developer expense and in a timely manner as determined by the City. 18. The Developer must obtain all necessary approvals from Anoka County. The Developer is responsible for acquiring any necessary right -of -way, temporary easements, or permanent easements for the construction. 19. The Developer shall construct and pay for all improvements as described in the landscaping plan. 20. The Developer shall make an application to FEMA for a Letter of Map Amendment (LOMA) or Letter of Map Revision (LOMR) to revise the existing Flood Plain maps consistent with the proposed grading plan. 21. Guarantee a) Faithful Performance of Construction Contracts and Letters of Credit (1) The Developer will fully and faithfully comply with all terms and conditions of any and all contracts entered into by the Developer for the installation and construction of all Developer Improvements and hereby guarantees the workmanship and materials for a period of one year following the City's final acceptance of the Developer's Improvements. Concurrently with the execution hereof by the Developer, the Developer will furnish to, and at all times thereafter maintain with the City, a cash deposit, certified check, or Irrevocable Letter of Credit, based on one hundred fifty (150 %) percent of the total estimated cost of page 8 Development Contract Ravens Hollow Developer's Improvements. An Irrevocable Letter of Credit shall be for the exclusive use and benefit of the City of Lino Lakes and shall state thereon that the same is issued to guarantee and assure performance by the Developer of all the terms and conditions of this Development Contract and construction of all required improvements in accordance with the ordinances and specifications of the City. The City reserves the right to draw, in whole or in part, on any portion of the Irrevocable Letter of Credit for the purpose of guaranteeing the terms and conditions of this contract. The Irrevocable Letter of Credit shall be automatically extended for additional periods of one year from present or future expiration dates unless thirty (30) days prior to such the City Clerk or Administrator is notified in writing by certified mail that the Letter of Credit will not be renewed. b) Reduction of Escrow Guarantee. (1) The Developer may request reduction of the Letter of Credit, or cash deposit based on prepayment or the value of the completed improvements at the time of the requested reduction. Prior to the final acceptance of the Developer Improvements the City shall require a Performance Bond or Cash Escrow to cover the one -year warranty provisions of the agreement. The amount shall be determined by the City Engineer. III. CITY IMPROVEMENTS A. The City shall credit the Developer for the following described improvements to serve the Subdivision on the terms and conditions herein set forth: 1. Storm sewer trunks. 2. Sanitary sewer trunks. 3. Water trunks. B. The Developer shall reimburse the City for the following described improvements to serve the Subdivision on the terms and conditions herein set forth: 1. Sanitary sewer trunks. page 9 • Development Contract Ravens Hollow C. Construction Procedures 1. All City Improvements above shall be instituted, constructed and financed as follows: The City shall commence proceedings pursuant to Minnesota Statute 429 and City Charter providing that such improvements be made and assessed against the benefited properties. After preparation of preliminary plans and estimates by the City Engineer, an improvement hearing, if required by law, will be called by the City Council for the purpose of ordering such City Improvements. After preparation of the final plans and specifications by the City Engineer, bids will be taken by the City and contract awarded for the installation of City Improvements under the City's complete supervision. D. Security, Levy of Special Assessments and Required Payment Therefore. 1. Prior to the preparation of final plans and specifications for the construction of said City Improvements, the Developer shall provide to the City a cash escrow or letter of credit in an amount equal to thirty-five (35 %) percent of the total estimated assessments as established by the City Engineer. (See Attachment B) 2. Said letter of credit or cash escrow including accrued interest thereon, may be used by the City upon default by Developer in the payment of special assessments pursuant hereto, whether accelerated or otherwise. Developer must receive written notice and a reasonable opportunity to cure before City draws on cash escrow for special assessments. That such cash escrow or letter of credit shall remain in full force and effect throughout the term of the special assessments, except, the amount of such escrow or letter of credit may be reduced, upon the request of the Developer, at the City's option, but in no event shall be less than 35% of the outstanding special assessments against all properties within the Subdivision. The entire cost of the installation of such City Improvements, including any reasonable engineering, legal and administrative costs incurred by the City, shall be assessed against the benefited properties within the Subdivision in accordance with City policy existing the date of this agreement, in equal annual principal installments plus interest on the unpaid installments at a rate not to exceed the maximum allowed by law. 3. All related special assessments levied hereto shall be payable to the City Clerk in semi - annual installments over fifteen (15) years commencing on April 15 of the year after the levy of such assessment and on each September 15 and April 15 thereafter until the entire balance plus accrued interest is paid in full unless paid earlier. In the alternative, the City, at its option, may certify the entire assessment roll to the Anoka County Auditor for collection page 10 • • • Development Contract Ravens Hollow with the Real Estate Taxes. In the event any payment is not made on the dates set out herein, the City may exercise its rights granted hereunder for such default. The Developer waives any and all procedural and substantive objections to the installation of the City Improvements and the special assessments, including but not limited to hearing requirements and any claim that the assessments exceed the benefit to the property. In the event the total of all City Improvements is less than originally estimated by the City Engineer in his feasibility report, Developer waives any appeal rights otherwise available pursuant to M.S.A. 429.081. E. Required Payment of Special Assessments by Developer. 1. Developer, its heirs, successors or assigns hereby agrees that within thirty (30) days after the issuance of a certificate of occupancy for a residence on a lot located within the Subdivision which is assessed for the cost of such City Improvements, the Developer, its heirs, successors or assigns, agrees, at its own cost and expense, to pay the entire unpaid Cost of City Improvements whether assessed or to be assessed under this agreement against such property. 2. If a certificate of occupancy is issued before the special assessments have been levied, the Developer, its heirs, successors or assigns shall pay the City the sum of cash equal to one hundred twenty percent (120 %) of the Engineer's estimate of the special assessments for such City Improvements that would be levied against the property. Upon such payment the City shall issue a certificate showing the assessments are paid in full. Notwithstanding the issuance of said certificate, the Developer shall be liable to the City for any deficiency and the City shall pay the Developer any surplus arising from the payment based upon such estimate. Developer will be paid interest on all assessments paid before the levy of such assessments by the City at the bond interest rates paid by the City. F. Acceleration Upon Default. 1. In the event the Developer violates any of the covenants, conditions or agreements herein contained to be performed by the Developer, violates any ordinance, rule or regulation of the City, County of Anoka, State of Minnesota or other governmental entity having jurisdiction over the Subdivision, or fails to pay any installment of any special assessment levied pursuant hereto, or any interest thereon, when the same is to be paid pursuant hereto, the City at its option, in addition to its rights and remedies hereunder, after ten (10) days' written notice to the Developer, may declare all of the unpaid special assessments which are then estimated or levied pursuant to this agreement due and payable in full, with interest. The City page 11 • • Development Contract Ravens Hollow may seek recovery of such special assessments due and payable from the security provided herein. In the event that such security is insufficient to pay the outstanding amount of such special assessments plus accrued interest the City may certify such outstanding special assessments in full to the County Auditor pursuant to M.S. 429.061, Subd. 3 for collection the following year. The City, at its option, may commence legal action against the Developer to collect the entire unpaid balance of the special assessments then estimated or levied pursuant hereto, with interest, including reasonable attorney's fees, and Developer shall be liable for such special assessments and, if more than one, such liability shall be joint and several. Also, if Developer violates any term or condition of this agreement, or if any payment is not made by Developer pursuant to this agreement the City, at its option, may refuse to issue building permits for any parcel with the Subdivision for which the assessments have not been paid. IV. RECORDING AND RELEASE A. The Developer agrees that the terms of this Development Contract shall be a covenant on any and all property included in the Subdivision. The Developer agrees that the City shall have the right to record a copy of this Development Contract with the Anoka County Recorder to give notice to future purchasers and owners. This shall be recorded against the Subdivision described on Page 1 hereof. City shall provide to Developer upon payment of all the special assessments levied against a parcel, a release of such parcel from the terms and conditions of this Development Contract subject to provisions contained in this contract. V. REIMBURSEMENT OF COSTS A. The Developer agrees to establish a non - interest bearing escrow account with the City in an amount determined by the City Administrator or his designee for the payment of all costs incurred by the City related to the development of the Subdivision and the Developer Improvements including, but not limited to, the following (See Attachment B for breakdown of costs): 1. Plat Review Fee 2. Planner Review Fee 3. Administration - 3% Construction Cost 4. Engineering a) Administration 5. Legal - Plat Review 6. Publications page 12 • • Development Contract Ravens Hollow 7. Park Dedication Fee 8. Tree Preservation Policy 9. Street Lighting - Install/Operate 10. Traffic Signing Improvements 11. Boulevard Tree Planting 12. Street - Storm Sewer - Pond Maintenance 13. Sealcoating Fund 14. Aerial Photo Recovery Cost B. If the above escrow amounts are insufficient, the Developer shall make such additional deposits as required by the City. The City shall have a right to reimburse itself from the Escrow upon notice to the Developer, with suitable documentation supporting charge. VI. BUILDING PERMITS A. The Developer agrees that building permits may be issued upon approval of the Final Plat by the City Council at which time all required Financial Security shall be in place with the City. The Developer further agrees that City Sewer, Water, Storm Sewer, and Bituminous Base Construction of the Streets, temporary street signs, gas, electric, and telephone will be completed prior to the issuance of building permits except for as provided in VI. C. B. The Developer further agrees that an as-built survey certifying that all the grading complies with the grading plan prior to issuance of building permits. C. Model Homes The Developer agrees that two building permits for model homes may be issued upon approval of preliminary plat. The number of permits allowed above is based upon one for the first ten acres of the subdivision plus one for each additional ten acres thereof. The right to obtain such building permits shall be contingent upon the following: 1. Execution of this development contract, providing a Letter of Credit in the amount of $100,000.00 and an escrow amount of $10,000.00. 2. Construction shall be limited to maintain a minimum distance of 150' from the furthest exterior wall to an improved street as per the State Fire Code. page 13 Development Contract Ravens Hollow The Developer may construct and maintain such access in order to meet said requirements. 3. Prior to release of the building permits for the two model homes, the builder shall enter into a separate agreement with the City which would not allow the building to be occupied after issuance of certificate of occupancy by anyone other than the builder for exhibiting the home for model purposes nor would they convey the property to any other third parties by any means until all of the public and private utilities have been installed to serve the building and accepted by the City. This includes all other requirements provided in this agreement D. The Developer further agrees to make an application to FEMA for a Letter of Map Amendment (LOMA) or a Letter of Map Revision (LOMR) to revise the existing Flood Plain maps consistent with the proposed grading plan prior to issuance of building permits. E. Each lot must comply with erosion control measures to prevent any material from leaving the lot. The City of Lino Lakes will not perform any requested inspections on the lot until it complies to the erosion control requirements. F. Each lot must have a City approved Certificate of Grading showing the as-built survey prior to an issuance of a Certificate of Occupancy. It shall be the responsibility of the Developer, its purchasers, builders or contractors to ensure compliance with the grading plan. VII. HOURS OF CONSTRUCTION ACTIVITY A. All construction activity shall be limited to the hours as follows: Monday through Friday 7:00 a.m. to 7:00 p.m. Saturday 9:00 a.m. to 5:00 p.m. Sunday and Holidays No working hours allowed VIII. OWNERSHIP OF IMPROVEMENTS A. Upon completion of the work and construction required by this contract and acceptance by the City, the improvements lying within the public easements shall become City property without further notice or action. IX. INSURANCE A. Developer or all its subcontractors shall take out and maintain until one (1) year after the City has accepted the Developer Improvements, public liability and property damage insurance covering personal injury, including death, and claims for page 14 Development Contract Ravens Hollow property damage which may arise out of the Developer's work or the work of his subcontractors or by one directly or indirectly employed by any of them. Limits for bodily injury and death shall be not less than Five Hundred Thousand and no /100 ($500,000.00) Dollars for one person and One Million and no /100 ($1,000,000.00) Dollars for each occurrence; limits for property damage shall be not less then Two Hundred Thousand and no /100 ($200,000.00) Dollars for each occurrence; or a combination single limit policy of One Million and no /100 ($1,000,000.00) Dollars or more. The City, its employees, its agents and assigns shall be named as an additional insured on the policy, and the Developer or all its subcontractors shall file with the City a certificate evidencing coverage prior to the City signing the plat. The certificate shall provide that the City must be given ten (10) days advance written notice of the cancellation of the insurance. The certificate may not contain any disclaimer for failure to give the required notice. X. REIMBURSEMENT OF COSTS FOR DEFENSE A. The Developer agrees to reimburse the City for all costs incurred by the City in defense of enforcement of this contract, or any portion thereof, including court costs and reasonable engineering and attorneys' fees if the City prevails in such action. VALIDITY A. If a portion, section, subsection, sentence, clause, paragraph or phrase in this contract is for any reason held to be invalid by a court of competent jurisdiction, such decision shall not affect or void any of the other provisions of the Development Contract. XII. GENERAL A. Binding Effect 1. The terms and provisions hereof shall be binding upon and insure to the benefit of the heirs, representatives, successors and assigns of the parties hereto and shall be binding upon all future owners of all or any part of the Subdivision and shall be deemed covenants running with the land. B. Notices 1. Whenever in this agreement it shall be required or permitted that notice or demand be given or served by either party to this agreement to or on the other party, such notice or demand shall be delivered personally or mailed by United States mail to the addresses hereinbefore set forth on Page 1 by certified mail (return receipt requested). Such notice or demand shall be deemed timely given when delivered personally or when deposited in the page 15 • Development Contract Ravens Hollow mail in accordance with the above. The addresses of the parties hereto are as set forth on Page 1 until changed by notice given as above. C. Final Plat Approval 1. The City agrees to give final approval to the plat of the Subdivision in accordance with section VII upon execution and delivery of this agreement and all required petitions, bonds, security, and documents including the following: a) Review and approval of a Homeowner's Association agreement, which includes provisions for the operation and maintenance of all signage and buffer areas. b) Review and approval of informational brochure including Best Management Practices with regard to buffer and wetland area requirements. c) Receipt of warranty deeds or dedication of all outlots proposed to be conveyed to the City. d) Detail of proposed wetland and buffer area signage. e) Receipt of permanent easements covering temporary cul -de -sacs lying outside dedicated right -of -way. f) Receipt of Conservation Easements covering wetland buffer areas. g) Signs shall be installed along all wetland buffer /easement areas. Wetland easements shall extend, at a minimum, 10 feet outward from the delineated wetland boundary. XIII. VIOLATIONSBUILDING PERMITS A. In the event that Developer violates any of the covenants and agreements contained in this Development Contract and to be performed by the Developer, the City, at its option, in addition to the rights and remedies as set out hereunder may refuse to issue building permits and/or Certificate of Occupancies to any property within the Subdivision until such time as such default has been corrected to the satisfaction of the City. XIV. PARK DEDICATION A. Park dedication for Ravens Hollow shall consist of both land dedication and a $93,240.00 park dedication fee. page 16 • • Development Contract Ravens Hollow XV. PROPERTY TAXES A. Should the recording of the Final Plat occur after July 1, any and all property taxes on any public property dedicated as a part of this plat shall be the responsibility of the Developer. Dollars shall be incorporated into the escrow agreement to cover the cost of said property taxes. page 17 • Development Contract Ravens Hollow DEVELOPER CITY OF LINO LAKES By Developer STATE OF MINNESOTA ) ) SS COUNTY OF ANOKA ) By Mayor ATTEST: By Clerk On this day of , 20_. before me, a Notary Public within and for said County, • personally appeared (Mayor) and (Clerk), to me known to be respectively the Mayor and Clerk of the City of Lino Lakes, and who executed the foregoing instrument and acknowledge that they executed the same on behalf of said City. Notary public page 18 • • Development Contract Ravens Hollow STATE OF MINNESOTA ) ) SS COUNTY OF ANOKA ) On this day of , of 20_, before me, a Notary Public within and for said County, personally appeared (Developer), to me known to be the , of , a corporation under the laws of the State of Minnesota, and that they executed the foregoing instrument and acknowledged that they/he executed the same on behalf of said corporation. Notary Public page 19 ATTACHMENT A SUMMARY OF IMPROVEMENT COSTS DEVELOPER INSTALLED IMPROVEMENTS PROJECT NAME: Ravens Hollow APPLICANT: Rocky Goertz ITEM NECESSARY IMPROVEMENTS 1 SITE GRADING 2 EROSION CONTROL 3 SITE ENGINEERING & SURVEYING 4 LANDSCAPING 6 STREET CONST. A. Subgrade /Base Course B. Wear Course 7 STORM SEWER CONST. A. Trunk B. Lateral C. Surface Water Mgmt. Charge (s.f.) 8 SANITARY SEWER CONST. 408 A. Trunk Area Charge (ac.) B. Trunk Credit C. Trunk Unit Charge (REU) D. Lateral BUDGET COST NOTE Estimate e Estimate e Estimate e Estimate e Estimate e Estimate e Estimate e Estimate e $0.075 a $2,270 a $984 Estimate 9 WATERMAIN CONST. A. Trunk Area Charge (ac.) $2,421 B. Trunk Credit B. Trunk Unit Charge (REU) $1,588 C. Lateral Estimate SUBTOTALS: See Attachment B for security amounts to be posted NOTE: a: b: c: d: e: f: • Cost by City policy Estimated Cost or Budget by City Previously Assessed Cash Requirement per Agreement with Park Board Provided by Developer Estimate by Feasibility Study 10/22/03 NUMBER OF REU's: 56 ASSESSED AREA (ac.): 20.89 DEVELOPER CITY ESCROW IMP. (X) IMP. (Y) AMOUNT (Z) $208,700 $14,285 $20,000 $10,000 $110,140 See 6A $340,370 e See 7B a $45,500 $47,420 $0 $55,104 $50,575 a $88,928 e See 7B $703,495 $287,527 so attachments 10- 22- 03.xls ATTACHMENT B CITY FEES DEVELOPER INSTALLED IMPROVEMENTS PROJECT NAME: Ravens Hollow APPLICANT: Rocky Goertz NUMBER OF REU's: 56 ASSESSED AREA (ac.): 20.89 BUDGET DEVELOPER ITEM NECESSARY IMPROVEMENTS COST NOTE IMP. (X) 1 PLAT REVIEW FEE $2,500 b 2 PLANNER REVIEW FEE $2,500 b 3 ADMINISTRATION -3% OF CONST. 3% of const. a 4 ENGINEERING A. Plan/Plat/Grading Review $0 b B. Preparation of Plans & Specs. $0 b C. Construction Services $0 b D. Construction Staking $0 b E. City Engineering $0 b 5 LEGAL PLAT REVIEW FEE $1,000 b 6 PUBLICATIONS $1,000 b 7 PARK DEDICATION FEE $1,665 d 8 TREE PRESERVATION POLICY $960 b • STREET LIGHTING INST. & OPER. $1,680 b 10 TRAFFIC SIGNING IMPROV. $800 b 11 BOULEVARD TREE PLANTING $300 /lot b 12 STREET, ST. SWR. & POND MAINT. b 13 SEALCOATING FEE a 14 FEMA Processing Fee N/A 5000 15 AERIAL PHOTO COST RECOVERY 16 OTHER - Property Tax Escrow TOTALS: Less previous grading deposit Total a b a SECURITY AMOUNTS TO BE POSTED X = DEV. IMPROVEMENT COSTS X 1.5 (LETTER OF CREDIT) Y = CITY IMPROVEMENT COSTS X 0.35 (LETTER OF CREDIT) Z = CITY FEE COSTS X 1.0 (CASH ESCROW) NOTE: • a: b: c: d: e: f: Cost by City policy Estimated Cost or Budget by City Previously Assessed Cash Requirement per Agreement with Park Board Provided by Developer Estimate by Feasibility Study 10/22/03 $5,000 Att. A $1,055,500 $287,527 $0 CITY IMP. (Y) ESCROW AMOUNT (Z) $2,500 $2,500 $20,200 $5,000 $50,000 $20, 000 $1,000 $500 $93,240 $15,000 $10,080 $800 $16,800 $5,840 $20,000 $5,040 $5,000 0 $273,500 $34, 000 $239,500 Att. B Total $7,500 $1,063,000 $0 $100,750 $239,500 $239,500 attachments 10- 22- 03.xls AGENDA ITEM 7D STAFF ORIGINATOR: James E. Studenski, City Engineer COUNCIL MEETING DATE: October 27, 2003 TOPIC: Resolution No. 03 - 186, Approving Development Agreement for Grading, Hailey Manor Vote Required: Simple Majority BACKGROUND: The City Council approved the preliminary plat of Hailey Manor on September 8, 2003. Frank Feela, Inc., the Developer, is now requesting approval to begin grading for the Hailey Manor Development. Hailey Manor consists of four existing residential lots to be subdivided into 14 residential units. In accordance with the preliminary plat approval and City policy staff has prepared a Development Agreement for Grading. The agreement provides for the following: 1. Submittal by the developer of a Letter of Credit in the amount of $35,000.00 representing 150 percent of the development improvement costs to insure completion of the project in accordance with the approved plans. 2. Deposit of a cash escrow in the amount of $17,500.00 to reimburse the City for costs incurred by the City related to the development and improvements of the site and developer improvements. Frank Feela, Inc. has reviewed the contract and is aware of the conditions set forth. OPTIONS: 1. Return to staff for further review. 2. Adopt Resolution Number 03 - 186, Approving Development Agreement for Grading, Hailey Manor. 3. Not adopt Resolution Number 03 — 186. 0 RECOMMENDATION: Option No. 2 - Staff recommends that Resolution Number 03 - 186 be adopted. • • • CITY OF LINO LAKES RESOLUTION NO. 03 -186 RESOLUTION APPROVING DEVELOPMENT AGREEMENT FOR GRADING, HAILEY MANOR. WHEREAS, the City Council approved the preliminary plat of Hailey Manor on September 8, 2003, and WHEREAS, the Developer, Frank Feela, Inc., is requesting approval to commence grading of such development to be known as Hailey Manor; and, WHEREAS, the City's subdivision ordinance and conditions of approval require the execution of a development contract, between the Developer and the City of Lino Lakes, prior to commencement of site construction activities and final plat approval to insure satisfactory completion of public improvements. NOW, THEREFORE, BE IT RESOLVED THAT the Lino Lakes City Council approves the Development Contract with Frank Feela, Inc., for Hailey Manor Subdivision and authorizes the Mayor and City Clerk to execute such agreement on behalf of the city. Adopted by the Lino Lakes City Council this 27th day of October, 2003. Ann J. Blair, City Clerk John J. Bergeson, Mayor • DEVELOPMENT CONTRACT Hailey Manor — Site Grading Only THIS AGREEMENT made this 27th day of October, 2003, is by and between the City of Lino Lakes, whose address is 600 Town Center Parkway, Lino Lakes, Minnesota, 55014, a municipal corporation organized under the laws of the State of Minnesota, hereinafter referred to as the "City ", and Frank Feela, Inc. whose address is 11423 National Court NE, Blaine, Minnesota, 55449, hereinafter referred to as the "Developer ". WHEREAS, the Developer has received preliminary plat approval from the City Council for a plat of land within the corporate limits of the City known as Hailey Manor, hereinafter called "Subdivision ", said land is legally described to -wit Lots 6, 7, and 8 Block 1, Lot 1, Block 2, Mar Don Acres, Anoka County, Minnesota. WHEREAS, the Developer has requested approval to commence with site grading activities, and WHEREAS, the City Subdivision Ordinance and Minnesota Statute 462.358 authorize the City to enter into a performance contract secured by cash escrow or other security to guarantee completion and payment of such improvements following final approval and recording of final plat; and NOW, THEREFORE, in consideration of the mutual promises of the parties made herein, IT IS AGREED BY AND BETWEEN THE PARTIES HERETO: that the Development Contract — Site Grading Only Hailey Manor I. DESIGNATION OF IMPROVEMENTS A. Improvements to be installed at the Developer's expense by the Developer as hereinafter provided are hereinafter referred to as "Developer Improvements ". II. DEVELOPER'S IMPROVEMENTS A. The Developer's Engineer shall prepare, at the Developer's expense, a grading plan, preliminary street and utility plan, a surface water management plan. The Developer shall secure a contractor to install these improvements; said contractor shall be approved by the City at its ABSOLUTE discretion. All Developer improvements shall require City inspection and approval and, where appropriate, the approval of any other governmental agency having jurisdiction. The Developer will construct and install at Developer's expense the following improvements according to the following terms and conditions: 1. Grading Plan a) A final site grading plan, including certified wetland delineation, with maximum two -foot contours and cross sections as necessary shall be submitted and approved by the City prior to commencement of any site grading. 2. Erosion Control Plan a) The Developer shall submit an erosion control plan, detailing all erosion control measures to be implemented during construction. Said plan shall be approved by the City prior to the commencement of site grading or construction. b) The Developer shall submit a Turf Establishment Plan which details topsoil placement, seeding, sodding, mulching, fertilizing and watering. Said plan shall be approved by the City prior to the commencement of site grading or construction. 3. Tree Preservation Plan a) Developer will provide a tree preservation plan prior to any site grading which shall be in accordance with the City Tree Preservation Policy. Developer shall provide a cash escrow as security, in the amount specified in Attachment B, to insure implementation of the Tree Preservation Plan. Site activities shall not commence until review of the plan and site has been completed by the the City Forester. page 2 • Development Contract — Site Grading Only Hailey Manor b) The Developer shall remove, dispose of, or treat all dead and diseased trees in accordance with the City Forester's recommendation before building permits will be issued. 4. Grading and Erosion Control Construction & Maintenance a) Prior to the commencement of site grading and erosion control, the Developer shall complete items II.A.1, II.A.2, and II.A.3 as listed above. b) The Developer shall grade the site to within 0.2 foot of the grades shown on the approved Grading plan. No deviations will be allowed unless a revised plan is submitted and approved by the City and all other regulatory agencies. c) All development shall conform to the natural limitations presented by the topography and soil of the subdivision in order to create the best potential for preventing soil erosion. d) Erosion and siltation control measures shall be coordinated with the different stages of development. Appropriate control measures as required by the City shall be installed prior to development when necessary to control erosion. e) Land shall be developed in increments of workable size such that adequate erosion and siltation controls can be provided as construction progresses. The smallest practical area of land shall be exposed at any one period of time. g) Where the topsoil is removed, sufficient arable soil shall be set aside for respreading over the developed area. The topsoil shall be restored to a depth of at least four (4) inches and shall be of a quality at least equal to the soil quality prior to development. The Developer shall install four (4) inches of topsoil on all boulevards and seed or sod as approved by the City. The Developer shall make all necessary adjustments to the curb stops to bring them flush with the topsoil prior to occupancy. h) All disturbed areas shall be seeded. i) The front 50 feet of the lots, the street right -of -way, storm water storage ponds, and surface water drainage ways shall be graded prior to commencement of utility construction. page 3 Development Contract — Site Grading Only Hailey Manor j) Drainage swales, ditches, storm water storage ponds and other high risk erosion areas shall be protected from erosion. k) All remaining grading must be completed prior to issuance of building permits. 1) Protect streets from erosion deposits. This should include a combination of roadside silt fences, roadside sod strips, catch basin rock bale inlet protection, rock construction entrances, straw mulch, and/or street sweeping. m) The developer's engineer shall certify, in writing with an as -built survey, that all grading complies with the grading plan prior to issuance of building permits. 5. Warning signs shall be placed when hazards develop in streets to prevent the public from traveling on same and directing attention to detours. If and when the streets become impassable, such streets shall be barricaded and closed. The developer shall maintain a smooth, hard driving surface and adequate drainage on all temporary streets. 6. The Developer shall be responsible for securing all site grading and development approvals and permits from all appropriate Federal, State, Regional and Local jurisdictions prior to the commencement of site grading or construction and prior to the City awarding construction contracts for public utilities. 7. Cost of Developer's Improvements, description and completion dates are as shown on Attachment A. 8. Construction of Developer's Improvements: a) The construction, installation, materials and equipment shall be in accordance with the plans and specifications approved by the City. b) All of the work shall be under and subject to the inspection and approval of the City and, where appropriate, any other governmental agency having jurisdiction. c) Prior to the acceptance of Developer Improvements by the City, the Developer shall obtain final plat approval and record the final plat which will dedicate all permanent easements necessary for the construction and installation of the Developer's and City's Improvements as determined by the City. page 4 • Development Contract — Site Grading Only Hailey Manor d) All Construction debris and trash shall be properly disposed of at the developers expense and in a timely manner as determined by the City. 9. The Developer shall construct and pay for all improvements as described in the landscaping plan. 10. Guarantee a) Faithful Performance of Construction Contracts and Letters of Credit (1) The Developer will fully and faithfully comply with all terms and conditions of any and all contracts entered into by the Developer for the installation and construction of all Developer's Improvements and hereby guarantees the workmanship and materials for a period of one year following the City's final acceptance of the Developer's Improvements. Concurrently with the execution hereof by the Developer, the Developer will furnish to, and at all times thereafter maintain with the City, a cash deposit, certified check, or Irrevocable Letter of Credit, based on one hundred fifty (150 %) percent of the total estimated cost of Developer's Improvements. An Irrevocable Letter of Credit shall be for the exclusive use and benefit of the City of Lino Lakes and shall state thereon that the same is issued to guarantee and assure performance by the Developer of all the terms and conditions of this Development Contract and construction of all required improvements in accordance with the ordinances and specifications of the City. The City reserves the right to draw, in whole or in part, on any portion of the Irrevocable Letter of Credit for the purpose of guaranteeing the terms and conditions of this contract. The Irrevocable Letter of Credit shall be automatically extended for additional periods of one year from present or future expiration dates unless thirty (30) days prior to such the City Clerk or Administrator is notified in writing by certified mail that the Letter of Credit will not be renewed. b) Reduction of Escrow Guarantee. (1) The Developer may request reduction of the Letter of Credit, or cash deposit based on prepayment or the value of the completed improvements at the time of the requested reduction. Prior to the final acceptance of the Developer's page 5 Development Contract — Site Grading Only Hailey Manor Improvements the City shall require a Performance Bond or Cash Escrow to cover the warranty provisions of the agreement. The amount shall be determined by the City Engineer. III. CITY'S IMPROVEMENTS A. No City improvements are proposed under the grading project. IV. RECORDING AND RELEASE A. The Developer agrees that the terms of this Development Contract shall be a covenant on any and all property included in the Subdivision. The Developer agrees that the City shall have the right to record a copy of this Development Contract with the Anoka County Recorder to give notice to future purchasers and owners. This shall be recorded against the Subdivision described on Pages 1 -4 hereof. City shall provide to Developer upon payment of all the special assessments levied against a parcel a release of such parcel from the terms and conditions of this Development Contract subject to provisions contained in this contract. V. REIMBURSEMENT OF COSTS A. The Developer agrees to establish a non - interest bearing escrow account with the City in an amount determined by the City Administrator or his designee for the payment of all costs incurred by the City related to the development of the plat and the Developer Improvements including, but not limited to, the following (See attachment B for Breakdown of costs): 1. Plat Review Fee 2. Planner Review Fee 3. Administration - 3% Construction Cost 4. Engineering a) Administration 5. Legal - Plat Review 6. Publications B. If the above escrow amounts are insufficient, the developer shall make such additional deposits as required by the City. The City shall have a right to reimburse itself from the Escrow. page 6 Development Contract — Site Grading Only Hailey Manor VI. HOURS OF CONSTRUCTION ACTIVITY A. All construction activity shall be limited to the hours set out in City Ordinances as follows: Monday through Friday 7:00 a.m. to 7:00 p.m. Saturday 9:00 a.m. to 5:00 p.m. Sunday and Holidays No working hours allowed VII. OWNERSHIP OF IMPROVEMENTS A. Upon completion of the work and construction required by this contract and acceptance by the City, the improvements lying within the public easements shall become City property without further notice or action. VIII. INSURANCE A. Developer or all its subcontractors shall take out and maintain until one (1) year after the City has accepted the private improvements, public liability and property damage insurance covering personal injury, including death, and claims for property damage which may arise out of the Developer's work or the work of his subcontractors or by one directly or indirectly employed by any of them. Limits for bodily injury and death shall be not less than Five Hundred Thousand and no /100 ($500,000.00) Dollars for one person and One Million and no /l00 ($1,000,000.00) Dollars for each occurrence; limits for property damage shall be not less then Two Hundred Thousand and no /100 ($200,000.00) Dollars for each occurrence; or a combination single limit policy of One Million and no /100 ($1,000,000.00) Dollars or more. The City, its employees, its agents and assigns shall be named as an additional insured on the policy, and the Developer or all its subcontractors shall file with the City a certificate evidencing coverage prior to the City signing the plat. The certificate shall provide that the City must be given ten (10) days advance written notice of the cancellation of the insurance. The certificate may not contain any disclaimer for failure to give the required notice. IX. REIMBURSEMENT OF COSTS FOR DEFENSE A. The Developer agrees to reimburse the City for all costs incurred by the City in defense of enforcement of this contract, or any portion thereof, including court costs and reasonable engineering and attorneys' fees if the City prevails in such action. X. VALIDITY A. If a portion, section, subsection, sentence, clause, paragraph or phrase in this contract is for any reason held to be invalid by a court of competent jurisdiction, page 7 • Development Contract — Site Grading Only Hailey Manor such decision shall not affect or void any of the other provisions of the Development Contract. XI. GENERAL A. Binding Effect 1. The terms and provisions hereof shall be binding upon and insure to the benefit of the heirs, representatives, successors and assigns of the parties hereto and shall be binding upon all future owners of all or any part of the Subdivision and shall be deemed covenants running with the land. B. Notices 1. Whenever in this agreement it shall be required or permitted that notice or demand be given or served by either party to this agreement to or on the other party, such notice or demand shall be delivered personally or mailed by United States mail to the addresses hereinbefore set forth on Page 1 by certified mail (return receipt requested). Such notice or demand shall be deemed timely given when delivered personally or when deposited in the mail in accordance with the above. The addresses of the parties hereto are as set forth on Page 1 until changed by notice given as above. C. Final Plat Approval 1. Prior to Final Plat Approval the Developer shall enter into a comprehensive Development Contract with the City. Such agreement shall provide for submittal of all bonds, security, escrows and documents as required by the City's Public Improvement Financing Policy, conditions of preliminary plat approval, and City Subdivision and Zoning Ordinances. page 8 Development Contract — Site Grading Only Hailey Manor • DEVELOPER • • CITY OF LINO LAKES By By Developer Mayor ATTEST: By Clerk STATE OF MINNESOTA ) ) SS COUNTY OF ANOKA ) On this day of , 20_. before me, a Notary Public within and for said County, personally appeared (Mayor) and (Clerk), to me known to be respectively the Mayor and Clerk of the City of Lino Lakes, and who executed the foregoing instrument and acknowledge that they executed the same on behalf of said City. Notary public page 9 Development Contract — Site Grading Only Hailey Manor STATE OF MINNESOTA ) ) SS COUNTY OF ANOKA On this day of , of 20_, before me, a Notary Public within and for said County, personally appeared (Developer), to me known to be the , of , a corporation under the laws of the State of Minnesota, and that they executed the foregoing instrument and acknowledged that they/he executed the same on behalf of said corporation. Notary Public page 10 ATTACHMENT A - GRADING ONLY SUMMARY OF IMPROVEMENT COSTS DEVELOPER INSTALLED IMPROVEMENTS • PROJECT NAME: Halley Manor NUMBER OF REU's: 14 APPLICANT: Frank Feela, Inc. ASSESSED AREA (ac.): 6.22 BUDGET DEVELOPER CITY ESCROW ITEM NECESSARY IMPROVEMENTS COST NOTE IMP. (X) IMP. (Y) AMOUNT (Z) 1 SITE GRADING Estimate e $15,000 2 EROSION CONTROL Estimate e $3,250 3 SITE ENGINEERING & SURVEYING Estimate e $5,000 4 LANDSCAPING Estimate e $0 6 STREET CONST. A. Subgrade /Base Course Estimate e $0 B. Wear Course Estimate e 7 STORM SEWER CONST. A. Trunk Estimate e B. Lateral Estimate e C. Surface Water Mgmt. Charge (s.f.) $0.075 a 8 SANITARY SEWER CONST. A. Trunk Area Charge (ac.) $2,270 a B. Trunk Credit C. Trunk Unit Charge (REU) $984 • D. Lateral Estimate e $0 $0 $0 $0 $0 9 WATERMAIN CONST. A. Trunk Area Charge (ac.) $2,421 a $0 B. Trunk Credit B. Trunk Unit Charge (REU) $1,588 a $0 C. Lateral Estimate e SUBTOTALS: $23,250 $0 $0 NOTE: • See Attachment B for security amounts to be posted a: Cost by City policy b: Estimated Cost or Budget by City c: Previously Assessed d: Cash Requirement per Agreement with Park Board e: Provided by Developer f: Estimate by Feasibility Study 10/21/03 attachments 10 -17 -03 ATTACHMENT B - GRADING ONLY CITY FEES DEVELOPER INSTALLED IMPROVEMENTS .PROJECT NAME: Hailey Manor NUMBER OF REU's: 14 APPLICANT: Frank Feela, Inc. ASSESSED AREA (ac.): 6.22 BUDGET DEVELOPER CITY ESCROW ITEM NECESSARY IMPROVEMENTS COST NOTE IMP. (X) IMP. (Y) AMOUNT (Z) 1 PLAT REVIEW FEE $2,500 b $2,500 2 PLANNER REVIEW FEE $2,500 b $2,500 3 ADMINISTRATION -3% OF CONST. 3% of const. a $500 4 ENGINEERING A. Plan /Plat/Grading Review $0 b $2,500 B. Preparation of Plans & Specs. $0 b C. Construction Services $0 b $5,000 D. Construction Staking $0 b E. City Engineering $0 b $2,500 5 LEGAL PLAT REVIEW FEE $1,000 b $1,000 6 PUBLICATIONS $1,000 b $1,000 7 PARK DEDICATION FEE $1,665 d 8 TREE PRESERVATION POLICY $960 b 9 STREET LIGHTING INST. & OPER. $1,680 b 10 TRAFFIC SIGNING IMPROV. $3,000 b 11 BOULEVARD TREE PLANTING $15,600 b STREET, ST. SWR. & POND MAINT. b 3 SEALCOATING FEE a 14 FEMA Processing Fee N/A 15 AERIAL PHOTO COST RECOVERY a 16 OTHER - Property Tax Escrow b a TOTALS: Total $0 0 $17,500 SECURITY AMOUNTS TO BE POSTED Att. A Att. B Total X = DEV. IMPROVEMENT COSTS X 1.5 (LETTER OF CREDIT) $35,000 $0 $35,000 Y = CITY IMPROVEMENT COSTS X 0.35 (LETTER OF CREDIT) $0 $0 $0 Z = CITY FEE COSTS X 1.0 (CASH ESCROW) $0 $17,500 $17,500 NOTE: • a: Cost by City policy b: Estimated Cost or Budget by City c: Previously Assessed d: Cash Requirement per Agreement with Park Board e: Provided by Developer f: Estimate by Feasibility Study 10/21/03 attachments 10 -17 -03 • • AGENDA ITEM 7E STAFF ORIGINATOR: James E. Studenski, City Engineer COUNCIL MEETING DATE: October 27, 2003 TOPIC: Public Hearing, Adopt Proposed Assessments: West Shadow Ponds; Twilight Acres/Twilight Acres 2"d Sanitary Sewer Improvements; Individual Properties Which Requested Connection to City Utilities VOTE REQUIRED: 3/5 Vote Required BACKGROUND: On September 22, 2003 the City Council set the Public hearings for the proposed assessments on these projects for October 27, 2003. All necessary notices have been mailed to affected property owners indicating the amount of the assessment and the date of the hearing. The projects involved are a subdivision where we have a development agreement describing the assessments, a public improvement project and individual properties where they have specifically petitioned and agreed to the assessments. A brief overview for each project will be provided then responses to any questions will be given. It is anticipated that all questions or comments will be responded to and the Public Hearings will be closed. Upon closing the Public Hearing, we are prepared to adopt the assessments. OPTIONS: 1. Close Public Hearing and Adopt the proposed assessments. 2. Refer to staff for further review. • RECOMMENDATION: Staff recommends Option No. 1. • • • CITY OF LINO LAKES RESOLUTION NO. 03 -187 RESOLUTION ADOPTING ASSESSMENT FOR THE WEST SHADOW PONDS IMPROVEMENT PROJECT WHEREAS, pursuant to proper notice duly given as required by law, the City Council met and heard and passed upon all objections to the proposed assessment for the improvement of West Shadow Ponds project, 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, 2004, 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, 2003. 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 within 30 days from the adoption of this resolution; 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 27th day of October, 2003. Ann Blair, City Clerk John J. 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YY Y. Y . Y Y Y Y Y . Y Y Y J ) 11 J J 0 13 J 13 J N ((pp J 13 (J 13 10 13 13 J ) 0 10 13 (0 13 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 0 0 0 0- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m 0 0 0 0 0 0 0 0 0 0 0 0 0 0(o w m 01 m co m .0.0 .0 .0 .0 .0 L .0.0 t .0.0 L .0.0 .0 .0 .0 .0 .0 L L N (/) CO N 0)49(0(0 NNO 6)(O(O V) 0) u) co 0) 6)6)(O 000000000(40000000000)04) ) 0) C7 n 0 0) M n (O m CO n v CO N 0 0 v 0 N 0 0) O CO CO n 0 (D O (0 V' r) r) N 0) 0 CO n n 0 (0 (0 V- N N N N N N N N N N N N N N N N N N N N N N O O 07 (O 0O 0 CO CO (0 CO (D (D O O (0 (O CO O (O CO (O 0- 000 ('4(0 st (O0n000 N (0-00- 0 N N N N N N N N N N r) r) r)r) r) r) 030)r) 0 0 0 0 0 0 0 0 0-0 0 0 0 0 0 0 0 0 0 0 0 0 4494449449944949944444 r)0) r)r)(7 r)r) 0)r] r) (0(0(0r)r3M N N N N' N N N N N N N N N N N N N N N N N N VI ('9 r) (0)0) rf r) 0)010? M r) r) 0) 01 r) r)4) (01')44 (N') (0(0 (N') M M (NO 0 M t4') (N') 007 CN7 0) M M M 0 (N') 0 0 4') 0 M V9 007 n 0 O 0 69 (0 N 4 w n n 0' (0 w 00 0) 69 0 0 N CO 0 N ai 69 N 0 r • • • CITY OF LINO LAKES RESOLUTION NO. 03 -188 RESOLUTION ADOPTING ASSESSMENT FOR THE TWILIGHT ACRES/TWILIGHT ACRES 2ND ADDITION SANITARY SEWER IMPROVEMENTS PROJECT WHEREAS, pursuant to proper notice duly given as required by law, the City Council met and heard and passed upon all objections to the proposed assessment for the improvement of Twilight Acres/Twilight Acres 2' Addition Sanitary Sewer Improvement project, 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, 2004, 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, 2003. 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 within 30 days from the adoption of this resolution; 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 27th day of October, 2003. Ann Blair, City Clerk • John J. Bergeson, Mayor • Y m F- 0 J N to V 'Q M r Sr N O O CO OD CO CO Q) V N sr r 0 03 O r U) M CD CO M N. h CO 10 r N r co r (7 Pl M M T o) M M CO VI r M Cn V 000)030.- • O U) O CD CD (D r r M 0 71- (U n (0 0) 1') (0 (O C7 (O (0 0 O (D M (D (O N (O (0 N CD N r r a0 co M CO M O CO r (0 CD 6 00 (0 M CD CO M (D CO CO 0) CO CD '- (0 N M CO O 0 O 0) 0) m Q) 03 0) O O Ql O CO 03 O CO M CO CO CO CO 0 7 0) r r 0) r (0 CD r- (O (O (0 1n (0 (0 1() 1n (n Ul 1n 0) (O 1l) 1D 1n 1) (O 1O) 1n co (O O (O 1f) 69 6 44 43 64 43 64 43 43 43 69 (A 44 43 43 43 43 69 <a 44 43 44 69 09 ((0444(04(0494,4(01110 co 0) CO co N CO 01 0 0 0 CD CD 7.1t O co O O CD V) O O r Cl 0 co O O V O N M CO co M? N V O O O N CD O O O N N U) U) UO M N U) CO U) (1) N 10 U) W co 0 c0 c4 CC) OD 0 O O 0) U) 10 (O (0 N 0) f I N �'- N UV tD r 04 (0 O0 � (OO MV 324?O10Om- NNN.- N.-. -M CD CD v(.4— 69 43 44 44 44 44 44 44 69 44 44 49 43 44 69 VI 44 69 44 44 04 43 43 6 43 03 43 43 69 43 44 43 .r C 0) M O) N M 0) CO M O CO N (D O O CD 0) V O 0) 10 CD CO O) CD 00 0) CO 10 OD T N 0) 0) CO M O N u) N T- W. O OD O 40 OR OR OR OR 'V N O M CO OR M O r 0) sr • 1(j O 6 V O V On 6 (7 of O) O() 6 6 m 6 N 1n OO 6 1(] O 0) 6 co co 0) O) O U) r OD r sr r N N O N N N N N N N O N c0 O N 0 .- N O O O s- OD O r Ul 10 h O N N UO N CO U) U) U) O N 0) ID N 0 U7 CO CD O .- pj CO N N CV N . . 44444349 44 44 44 44 44 44 69 44 43 44 44 43 44 44 69 43 44 44 43 69 43 09 43 49 09 69 44 09 000000 0 0 0 0 0 0 0 0 000000000000000000 00000000000000000000000000000000 0) 1n 0) (0 0) 1[) V) 11j 1() ID 1() U) 0) U) In ID V7 IA ID 1n 1() L1) L0 1) ID 0) U) 4) 1[) U) U) 0) r r r r r r r r r r r r r. r r r r r r r r r r r r r r r r r r P- 03 OD 00 O 03 OD Co 03 OD Co CO 03 03 CO W CD OD W 0 03 OD OD OD 03 03 OD OD ro 02 03 CO O • 44 44 49 44 43 44 43.44 44 43 44 44 44 44 43 43 43 09 49 (944.44 44 44 44 44 44 44 44 44 43 49 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) D) O) 0) 0) 0) 0) O) D) 0) 0) 0) 0) 0) 0) O) CO CO OD UO OR (0 CO (O CD CO 0 CD CO (D UO (0 CO O OD (O CD O CD OD O CO CO CO OD 03 O CO 0- 0- r lh r` 0- P- r` � r- r- 0- r 0 r; r; n r; ti r- N r; n r r= r- � (D CO CO CD CO CD CO CO O CO CD O OD CO CO O CO O CD (0 O CO (0 O CO ID CO CO CO O OD OO CO CD O CO CO O CO CO CO CO O CO CO CD (O CD CO CD CO CO CO CO CD CO CO CO CO CD O CD CO CO 43 43.43 44 43 43 43 69 64 43 49 44 44 44 43 44 44 43 44 44 43 44 43 44 43 44 44 43 43 44 43 44 M M M CO M M M M M M M CO M M M M CO M CO M M CO M M CO M M M M CO CO CO yr 7 K V V' <f V' V V V V V C V? 7 V V"V V?? 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O O O N O U) O CO O 10 U) 0) 10 1) M U) 10 O 10 10 N 10 10 00 OD O M N V' O (O 0 0 0 0) 0) 10 (0 ID N N N N s- N N CO N N U) N 00 N Sr sr V (O co (,r uo co co ID O e- N N N �- N e- s M O •- C D •- V N CO NNe— 'n0 et .-M •-01 .-01 e- .-N N r N ter' N.- )-- • YM N 071,N <NM V eMr Nom.- Sr M 0) 03 s- c0 N ID sr MN .000000000 Q0000000000 c c c c c c c cc c c c c c c c c c c c c 8. co CO CO CO co O CO N CO CO 0) CO CO CO CO CO (11 10 W U U U U U T U ` J J J J J J J J J __I J J J J J J J J J J 0 0 0 0 0 0 0 0 0 0 0 > T T T T T T T T T T >. T T T T T T T T (0 CO CO (O (0 M ((( (O (O (O (0Y Y Y Y Y Y Y Y Y Y Y Y -Y DC YY De DC YY Z Z Z Z Z Z Z Z Z Z Z 0 0 0 U 0 0 U U U U 0 0 U U 0 0 0 0 0 0 (0(00 ,-0 00 :›5 :›5555555 >5 :›555 >555 N M M V' M{ 1D O r CO 03 CD D) OD r N M O) et N 1.= Cu r N M r sr 1D (D CD M co co 0) O) CD CO CD 0) 0) 0) CO N N CO M M V ? 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V' �{ M N M N M N N M N N M N N N N M 3 3 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9999999 9 999999999999999999990999 N N N CV N N CV N N N N N N N N N N N N N N N CV N cV N N N N N N N N N N CV N N N N N N (V N N N N N N N (V N N N N N N N CV N N N M m M M M ( 0M 10 M 0M M M Om M CM CM OM 0 13 :M 1M M (M :3' (M M 'M M :3 M 10 o 00000000000000000000000000000000 • • CITY OF LINO LAKES RESOLUTION NO. 03 -189 RESOLUTION ADOPTING ASSESSMENT FOR THE IMPROVEMENT OF INDIVIDUAL PROPERTIES WHICH REQUESTED CONNECTION TO CITY UTILITIES WHEREAS, pursuant to proper notice duly given as required by law, the City Council met and heard and passed upon all objections to the proposed assessment for the improvement of 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 fifteen years, the first installment to be payable on or before the first Monday in January, 2004, 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, 2003. 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 within 30 days from the adoption of this resolution; 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 December 13 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 27th day of October, 2003 Ann Blair, City Clerk • • John J. Bergeson, Mayor • F- o z .6 w o F¢- u) N O 0 I— 6n W co Q Lu lY LL • O 0 2 CO I- JQ (n m w u- o Z cn LL >- w <LLO (0 LL Z W W < 5 I r- C.0 N N 7 W O) O) O) V4 69 VW 49 69 ff! 0d' y- 0 0 0 0 M o O 0 0 C7 4'147 M 694'1 t 47 so to f4 ul 69 f9 f9 fa f9 f9 0 0 0 0 0 0 0 0 0 0 0 0 m CNI 0 V1 61 67 49 47 0 0 0 O O 0 0 0 0 0 0 O 0000)0 of 610 C�0 CO 6(0 N N CV N 6D N I: 0 0 0 OD ro 10 0 O 0 ;t- in f9 0 0 N 6941 4/1.VI 69 41 0 0 0 0 0 0 0 0 0 0 0 0 LE) CO 60 10 40 r) 0) 0) 0) 0) 0) CO fA 47 (& f9 f9 LO u) 0 N N O ui 40 600 C00 600 69 67 47 69 69 0 0 69 N 0 0 CO to 0 N-tn4)0n 0 ococti0 CO ID t . 60 co LO CO 0 t0 N N 40 V: N s 43 47 43 47 V1 co ° v m � N o d fn EL) N J V) N e •C C s • '03 al ai 0 o co N 0 N V' t0 Ul r r n CCOO N • N M 0) 0) 0 0 0 0 0 0 0 0 0 -09000 cM T- :t Cq M N N N N N -J C? 67 M F N 0 0 N CO -4 0 r N N CO W W w W W W W W W W W W W w w w w w W w W N N 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 .w.. 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