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Home My WebLink About03-23-2015 Council PacketCITYOF RNQi LINOL KES EXPANDED AGENDA CITY COUNCIL AGENDA Monday, March 23, 2015 *********** 6:30 p.m. (Scheduled to be broadcast on Channel 16) City Council: Mayor Reinert, Council Members Kusterman, Rafferty, Roeser and Stoesz City Administrator: Jeff Karlson COUNCIL WORK SESSION, 5:30 P.M. Community Room (not televised) 1. Review Regular Agenda ECONOMIC DEVELOPMENT AUTHORITY, 6:00 P.M. The council will be convening as the Economic Development Authority (EDA) for the purpose of considering the sale of EDA Lease Revenue Bonds (see separate agenda) CITY COUNCIL MEETING, 6:30 P.M. ➢ Roll Call - Council Members Stoesz, Rafferty, Kusterman, Roeser and Mayor Reinert were present ➢ Pledge of Allegiance ➢ Open Mike / Public Comment - Jamie Rooney, 7966 Highland Drive, announced the Chain of Lakes Rotary Club's 4th Annual Chain of Giving Event at St. Joseph's on April 18; and support of the City of Lino Lakes becoming a Yellow Ribbon Community ➢ Setting the Agenda: Addition or deletion of agenda items The agenda was approved as presented 1. CONSENT AGENDA A) Consideration of Expenditures: i) March 23, 2015 (Check No. 99954 through 100058) in the amount of $302,877.72; ii) Centennial Fire District (Check No. 6804 through 6844) in the amount of $55,938.90); B) Consider approval of March 2, 2015 Work Session Minutes Council Member Stoesz absent C) Consider approval of March 9, 2015 Council Meeting Minutes Council Member Stoesz absent D) Consider Adoption of Resolution No. 15-27, Approving an application for a Temporary On -Sale Liquor License for the Chain of Lakes Rotary Club E) Consider Resolution No. 15-28, Peddler License for Pro Star Tree Care Council Agenda -2- March 23, 2015 EXPANDED AGENDA Action Taken: Motion by Stoesz, seconded by Rafferty, to approve the Consent Agenda, Items 1A, 1D and 1E, as presented, was adopted Action Taken: Motion by Rafferty, seconded by Kusterman, to approve the Consent Agenda, Items 1B and 1C, as presented, was adopted; Council Member Stoesz abstained 2. FINANCE DEPARTMENT REPORT A) Public Hearing on Approving a Tax Abatement; Consider Resolution No. 15-30 Approving Property Tax Abatement Related to Fire Hall and Public Infrastructure Improvements in the City of Lino Lakes, Al Rolek Action Taken: Motion by Kusterman, seconded by Roeser, to approve Resolution No. 15-30 as presented, was adopted B) Consider Resolution No. 15-31 Providing for the Issuance and Sale of General Obligation Bonds, Series 2015A, in the Proposed Aggregate Principal Amount of $3,645,000, Al Rolek Action Taken: Motion by Roeser, seconded by Kusterman, to approve Resolution No. 15-31 as presented, was adopted C) Consider Resolution No. 15-32 Approving the Issuance of Lease Revenue Bonds, Series 2015A, by the Lino Lakes Economic Development Authority in the Maximum Aggregate Principal Amount of $5,600,000 $4,885,000, Al Rolek Action Taken: Motion by Rafferty, seconded by Stoesz, to approve Resolution No. 15-32, was adopted 3. ADMINISTRATION DEPARTMENT REPORT A) Consider Approval of Labor Agreement with LELS, Local No. 260, Jeff Karlson Action Taken: Motion by Rafferty, seconded by Stoesz, to approve the labor agreement as recommended, was adopted 4. PUBLIC SAFETY DEPARTMENT REPORT A) Authorization to Hire Paid On -Call Fire Personnel Action Taken: Motion by Kusterman, seconded by Roeser, to approve hiring of James Chapman and Ian Kapets as recommended, was adopted B) Public Safety Department Update 5. PUBLIC SERVICES DEPARTMENT REPORT No report Council Agenda -3- March 23, 2015 EXPANDED AGENDA 6. COMMUNITY DEVELOPMENT REPORT A) Consider Resolution No. 15-29, Authorizing Preparation of Plans and Specifications, Aqua Lane Trunk Water Main Improvements, Michael Grochala Action Taken: Motion by Kusterman, seconded by Roeser, to approve Resolution No. 15-29 as presented, was adopted 7. UNFINISHED BUSINESS None 8. NEW BUSINESS None Adjournment Motion by Rafferty, seconded by Stoesz, to adjourn at 7:25 p.m., was adopted 1-1-4-4- Community Calendar — A Look Ahead March 24, 2015 through April 13, 2015 Wednesday, March 25 6:30 pm, Council Chambers Thursday, April 2 8:00 am, Community Room Monday, April 6 Monday, April 6 Wednesday, April 8 Thursday, April 9 Monday, April 13 6:00 pm, Community Room 6:30 pm, Council Chambers 6:30 pm, Council Chambers 6:30 pm, Community Room 6:30 pm, Council Chambers Environmental Board EDAC Council Work Session Park Board Planning & Zoning Charter Commission City Council Meeting CITYOF RNQi LINOL KES CITY COUNCIL AGENDA Monday, March 23, 2015 *********** 6:30 p.m. (Scheduled to be broadcast on Channel 16) City Council: Mayor Reinert, Council Members Kusterman, Rafferty, Roeser and Stoesz City Administrator: Jeff Karlson COUNCIL WORK SESSION, 5:30 P.M. Community Room (not televised) 1. Review Regular Agenda ECONOMIC DEVELOPMENT AUTHORITY, 6:00 P.M. The council will be convening as the Economic Development Authority (EDA) for the purpose of considering the sale of EDA Lease Revenue Bonds (see separate agenda) CITY COUNCIL MEETING, 6:30 P.M. ➢ Call to Order and Roll Call ➢ Pledge of Allegiance ➢ Open Mike / Public Comment ➢ Setting the Agenda: Addition or deletion of agenda items 1. CONSENT AGENDA A) Consideration of Expenditures: i) March 23, 2015 (Check No. 99954 through 100058) in the amount of $302,877.72; ii) Centennial Fire District (Check No. 6804 through 6844) in the amount of $55,938.90); B) Consider approval of March 2, 2015 Work Session Minutes C) Consider approval of March 9, 2015 Council Meeting Minutes D) Consider Adoption of Resolution No. 15-27, Approving an application for a Temporary On -Sale Liquor License for the Chain of Lakes Rotary Club E) Consider Resolution No. 15-28, Peddler License for Pro Star Tree Care 2. FINANCE DEPARTMENT REPORT A) Public Hearing on Approving a Tax Abatement, Al Rolek i) Consider Resolution No. 15-30 Approving Property Tax Abatement Related to Fire Hall and Public Infrastructure Improvements in the City of Lino Lakes Council Agenda -2- March 23, 2015 B) Consider Resolution No. 15-31 Providing for the Issuance and Sale of General Obligation Bonds, Series 2015A, in the Proposed Aggregate Principal Amount of $3,645,000, Al Rolek C) Consider Resolution No. 15-32 Approving the Issuance of Lease Revenue Bonds, Series 2015A, by the Lino Lakes Economic Development Authority in the Maximum Aggregate Principal Amount of $5,600,000, Al Rolek 3. ADMINISTRATION DEPARTMENT REPORT A) Consider Approval of Labor Agreement with LELS, Local No. 260, Jeff Karlson 4. PUBLIC SAFETY DEPARTMENT REPORT A) B) Authorization to Hire Paid On -Call Fire Personnel Public Safety Department Update 5. PUBLIC SERVICES DEPARTMENT REPORT No report 6. COMMUNITY DEVELOPMENT REPORT A) Consider Resolution No. 15-29, Authorizing Preparation of Plans and Specifications, Aqua Lane Trunk Water Main Improvements, Michael Grochala 7. UNFINISHED BUSINESS None 8. NEW BUSINESS None Adjournment Community Calendar — A Look Ahead March 24, 2015 through April 13, 2015 Wednesday, March 25 4- Thursday, April 2 4- Monday, April 6 4- Monday, April 6 4- Wednesday, April 8 4- Thursday, April 9 Monday, April 13 6:30 pm, Council Chambers 8:00 am, Community Room 6:00 pm, Community Room 6:30 pm, Council Chambers 6:30 pm, Council Chambers 6:30 pm, Community Room 6:30 pm, Council Chambers Environmental Board EDAC Council Work Session Park Board Planning & Zoning Charter Commission City Council Meeting CIT OF IN KE PRESENTATION TO The City of Lino Lakes Financing for the Fire Station and Road Improvements March 23, 2015 PRESENTER: Teni Y. Heaton, Senior Vice President SinIngSted Projects to be Funded • Fire Station Road, Sanitary and Water Main Improvements using General Obligation Abatement Bonds, Bond Amount of $495,000; • 2015 Street Reconstruction Project (Shenandoah Area), Bond Amount of $3,150,000; • Fire Station and Internal Roads using Lease Revenue Bonds, Bond Amount $4,800,000- $5,200,000 (with and without a reserve fund) 1 7 Abatement What is it? How Does it work? • Economic development tool • Not an actual abatement or non-payment of taxes (misnomer) • All properties identified pay taxes just like every other property • Created by Resolution • Benefiting properties are identified and the city tax rate is applied to the tax capacity — the maximum annual levy allowed to be pledged to the bonds • Fixed levy for the term of the bonds to all properties Springsted Tax Abatement Constraints • No back-to-back abatements — Eight years must pass before a new abatement may begin on the same parcel • Cannot be applied within TIF districts, but can be used after TIF decertification • Maximum duration of 15 years if three participants (City, County & SD), 20 years if two or fewer — Expect City only participation Springsted Tax Abatement Constraints • If Tax Abatement Bonds issued - principal may not exceed the estimated sum of total abatements • Maximum aggregate annual abatement for any taxing entity is the greater of: — 10% of the net tax capacity or $200,000 • Maximum parcel abatement is subdivision's tax rate times net tax capacity of parcel S pring.sted 2 Abatement Revenue Assumptions • Maximum principal amount of bonds cannot exceed estimated sum of abatements • Identified properties to include in abatement: — Residential properties that 'benefit' from project — Combination owner -occupied and rental — Not currently within Tax Increment Financing District or Tax Abatement Sprinn'ied Abatement Bond Specifics • Project costs for Fire Station Road, Sanitary and Water Main Improvements are $830,980 • Cash from Trunk Utility Fund will pay $355,980. • Remaining $475,000 financed with Abatement Bonds • 10 year term • Estimated interest rate of 2.15% • Average annual levy of $58,000 SpringsteI 3 City of Lino Lakes Abatement Bonds 5495,000 City of Lino Lakes, Minnesota General Obligation Bonds, Sense 2015A Abatement Bonds NET DEBT SERVICE SCHEDULE On• 1. 010 Coupon Into. 01 TOMI PN CIF IMI Now da 00.01/2015 - - 35.31 (6.035.31 0.1/2012 056055 170160 63,0.60 0101/20111 1.160‘ 0101/2010 360X 62.597.60 0.1.20 550% 1.290.00 02101/2021 760X 3516.00 50,616.00 0.1/2022 60,00000 560% 5,040.00 55,40.00 02321.12023 50,000 00 20505. 015.00 54,16.00 0210.024 150X 3716.00 6371600 0..025 55,00000 3601. 2040.10 67.510.00 0220.020 2450% 63347.60 63,202.60 61457.38 63415:97 60,05526 6250.50 65,54215 40.154.50 54,15.00 57,5025 63215.50 50,400,75 5304000 00,5.00 Taal 640300000 - *62010.51 565,.010.51 (6.035.3) 5651,07260 5570,571.13 Springstvd Street Reconstruction Bond Specifics • Street reconstruction and related upgrades of storm management systems in the Shenandoah Area: - in the City's 5 year Street Reconstruction Plan and approved by election on November 4, 2014 • Total Bond Amount authorized $3,150,000 - $3,024,360 of projects funded • 15 year term • Estimated interest rate of 2.51% • Average annual levy of $266,350 IP S pring=.1=d Street Reconstruction Bonds 53,150,000 City of Lino Lakes, Minnesota General obligation Botde, Series 20160 StreelReconetmcton Bonds NET DEBT SERVICE SCHEDULE u ta W.W.I Coupon ht..aol Tol•Iwl Ca IMI Mow 197 1065 00.1015016 6074633 .24613 02/01/2017 156.02010 67,77100 25277650 0101/20111 Isemeee 1.16974 manse 060252.65 5021/21210 1.3501 ovollmo 1101.030.00 .970% 01,45350 02/0.021 1.52000 1.2501 35607.50 321.973..00 02101.12022 .050% 55,095%00 255.026.50 32/01/2023 205030.50 Zap% 61,606.33 250.0.51 521011202.1. 0005000 21505, 47//0097 23230650 021012025 21401100 25301 0,557.30 0.112026 21500000 24501 37.05.0 26.5250 02101/209 22000000 211501 32,06302 ...casco 5210112020 23510102 17501 2000600 .905.50 0201,5020 235100.00 211001 70.0.00 x1.1.02 0.0112030 240100.00 21001 51310. 264,31050 02,01/2031 2440.00 a 236097 2.050.50 14614010: • 252,500 255.41075 252,01103 26501260 253,71815 261.13260 254.026.13 2,0001.30 255,15235 256025 00 267.04926 250326 02 235214.75 06229600 25150750 2.55150 ffim 205.31926 204.661125 265.50000 203.50 264.310.00 25130010 330 30160000.00 - 5/3000013 13.65e51115 (46.240131 53.604.25010 5300015 Spring 4 Lease Revenue Bonds • EDA to issue bonds which are repaid from annual lease payments from the City under a facilities lease agreement. City builds the facility • City may levy for the lease payment which approximates debt service. Govt. to Govt. lease – outside of levy limits • City owns land and which is leased to the EDA • Upon completion of bond repayment, land and building leases expire and City owns both S prin aetej Lease Revenue Bond Specifics $4,800,000 to $5,200,000 (reserve) • Total Project Costs $4,624,118 • Reserve of 100% of maximum debt service or about $360,000 added to issue size • Capitalized interest $96,000 plus Issuance Costs • 20 year term • Estimated interest rate of 3.3% • Pledge to annually appropriate for lease payments from the City to the EDA S prin r ted Lease Revenue Bond Competitive versus Negotiated Sale • Avoid bid options for purchasers of Lino Lakes bonds on the same day—one being a GO backed bond • Annual appropriation competitive bonds would likely suffer • Select a non -meeting date with lower supply of bonds • Tell the story of the bond and reconsider reserve levels and tighten contingency bids • Springsted to help negotiate terms aligned to the market that day using comparatives and market indexes • More control over a non -GO offering 5 Parameters Resolution • Allows a pricing committee (Mayor, City Administrator and Finance Director) and advised by Springsted Incorporated, to approve the final pricing on the offering date yet to be established—soon after the negotiated sale on April 27, 2015 • Maximum bond issue of $5,600,000 (current est $4.845.2 million) • Maximum interest rate of 5% (current estimate 3.3%) • Maturity of 20 years Springsted Bond Rates — 5 year history BEM d nd(Revenue) and sdbone(0.0.) RN.* fors Yearn Ending 7HYg013 DWr na.IMygrnsn+/ Mint tre —11111.1.1 Bond Calendar March 10, 2015 • Publication of notice of public hearing March 23, 2015 • Public hearing to approve abatement • Authorize sale of bonds for two bond issues; three projects (both GO bonds combined) • Week March 23 RFP for underwriters for lease revenue sent April 8, 2015 • Selection of Underwriter SprIngsic: 6 Bond Calendar Week of April 13 • Rating call for all bonds April 27, 2015 • Sale of GO bonds Week of May 4 • Pricing of Lease Revenue Bonds End of May • Settlement of all bonds, receipt of bond proceeds SGrfngxled Thank you for the opportunity to assist you with these 'very important projects. 1 sector dos Isere „ Springsted 7 AGENDA ECONOMIC DEVELOPMENT AUTHORITY ANNUAL MEETING MONDAY, MARCH 23, 2015 City Council Chambers 1. Call to Order and Roll Call 2. Consideration of Minutes of January 12, 2015 3. Consideration of Resolution No.15-01 Providing for the Issuance and Sale of Lease Revenue Bonds, Series 2015A, in the Maximum Aggregate Principal Amount of $5,600,000, Subject to Certain Parameters, Al Rolek 4. Adjourn EDA MINUTES January 12, 2015 DRAFT DATE TIME STARTED TIME ENDED MEMBERS PRESENT MEMBERS ABSENT OTHERS PRESENT: : January 12, 2015 . 7:20 p.m. . 7:25 p.m. : Commissioners Kusterman, Reinert, Rafferty, Stoesz : Commissioner Roeser : Administrator Jeff Karlson; Community Development Director Michael Grochala; City Clerk Julie Bartell The meeting was called to order at 7:20 p.m. by Vice President Stoesz. CONSIDERATION OF THE MINUTES OF JANUARY 13, 2014 Economic Development Authority (EDA) Member Rafferty moved to approve the January 13, 2014 minutes. EDA Member Kusterman seconded the motion. Motion carried on a voice vote. CONSIDERATION OF ANNUAL APPOINTMENTS Michael Grochala, Community Development Director, informed the members that each year the EDA is required to hold an annual meeting and make a number of appointments; the list of appointments was before the Authority for consideration. EDA member Rafferty moved to appoint EDA Member Roeser as president, EDA Member Stoesz as vice president and EDA Member Kusterman as treasurer. EDA member Kusterman seconded the motion. Motion carried on a voice vote. EDA member Rafferty moved to approve other appointments as outlined in the staff report. EDA Member Kusterman seconded the motion. Motion carried on a voice vote. CONSIDERATION OF ANNUAL REPORT Community Development Director Grochala noted that the EDA had no meetings in 2014 other than the organizational meeting held in January. ADJOURNMENT There being no further business, EDA Member Rafferty moved to adjourn. EDA Member Kusterman seconded the motion. Motion carried on a voice vote. The meeting was adjourned at 7:25 p.m. 1 LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY AGENDA ITEM 3 STAFF ORIGINATOR: MEETING DATE: TOPIC: VOTE REQUIRED: INTRODUCTION Al Rolek March 23, 2015 Consider Resolution 15-01 Providing for the Issuance and Sale of Lease Revenue Bonds, Series 2015A, in the Maximum Aggregate Principal Amount of $4,885,000, Subject to Certain Parameters Simple Majority The City of Lino Lakes has entered into a contract to construct a fire station building at the corner of Birch Street and Centerville Road. The construction cost of the building will need to be financed through the issuance of debt. The City has retained Springsted, Inc. to advise on the type and amount of debt to be issued for this project. BACKGROUND The City of Lino Lakes is in the process of organizing a fire department to provide fire protection in the City. Fire services are scheduled to begin in January, 2016. It has been determined that a second fire station will be needed to adequately cover the service area. The City Council has provided for the design of a new fire station and has advertised for and awarded a bid to Jorgenson Construction to build the new facility. The City's fiscal advisor, Springsted, Inc., has recommended the issuance of Lease Revenue bonds through the City's Economic Development Authority (EDA) to finance the cost of construction. Terri Heaton of Springsted, Inc. will be present to explain the process for issuing the bonds and to answer any questions that the EDA Board may have relative to the recommended financing. Approval of Resolution 15-01 provides for the issuance and sale of Lease Revenue Bonds, Series 2015A, in the maximum aggregate principal amount of $4,885,000, subject to certain parameters. RECOMMENDATION Staff is recommending approval of Resolution No. 15-01. ATTACHMENTS Resolution 15-01 Extract of Minutes of Meeting of the Board of Commissioners of the Lino Lakes Economic Development Authority, Anoka County, Minnesota Pursuant to due call and notice thereof a regular meeting of the Board of Commissioners of the Lino Lakes Economic Development Authority, Anoka County, Minnesota, was held at the City Hall in the City of Lino Lakes, Minnesota on Monday, March 23, 2015, commencing at 6:00 P.M. The following commissioners were present: Rafferty, Stoesz, Reinert, Kusterman, Roeser and the following were absent: None 458639v1 JAE LN140-112 RESOLUTION NO. 15-01 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF LEASE REVENUE BONDS, SERIES 2015A, IN THE MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF $4,885,000, SUBJECT TO CERTAIN PARAMETERS; FIXING THEIR FORM AND SPECIFICATIONS; DIRECTING THEIR EXECUTION AND DELIVERY; AND PROVIDING FOR THEIR PAYMENT BE IT RESOLVED By the Board of Commissioners (the "Board") of the Lino Lakes Economic Development Authority, Anoka County, Minnesota (the "Authority") as follows: 1. Authority. (a) The City of Lino Lakes, Minnesota (the "City") and the Authority have determined that it is in the best interests of the City and its residents that the City undertake the acquisition, construction, and equipping of a new fire hall (the "Facility") to be located in the City (the "Project"). (b) It is necessary and expedient to the sound financial management of the affairs of the City and the Authority that the Project be financed through the issuance and sale by the Authority of its Lease Revenue Bonds, Series 2015A (the "Bonds"), in the maximum aggregate principal amount of $4,885,000. (c) The issuance of the Bonds by the Authority is authorized under Minnesota Statutes, Section 469.103, and in connection with the issuance and sale of the Bonds, the City intends to enter into a ground lease between the City, as lessor, and the Authority, as lessee, regarding the real property on which the Facility is located (the "Ground Lease"), and a lease -purchase agreement between the Authority, as lessor, and the City, as lessee (the "Lease"), all pursuant to Minnesota Statutes, Section 465.71, as amended. (d) Pursuant to the Lease, the City intends to lease the Facility from the Authority and pay lease payments to the Authority in the amount necessary to pay debt service on the Bonds, subject to the City's right of non -appropriation in each fiscal year. (e) Under Minnesota Statutes, Section 469.103, subdivision 3, the Authority may sell the Bonds in the manner and for the price that the Authority determines to be in the best interests of the Authority. 1.02. Pricing Committee. The Authority hereby establishes a pricing committee with respect to the Bonds comprised of the Mayor of the City, Director of Finance, and the City Administrator (the "Pricing Committee"). The Pricing Committee is authorized and directed, with the advice of the Authority's municipal advisor, Springsted Incorporated, to review proposals for the sale of the Bonds and award the sale of the Bonds to the prospective purchaser (the "Purchaser") based on the following parameters: (i) the Bonds shall have a maturity of twenty (20) years; (ii) the principal amount shall not exceed $4,885,000; and (iii) the interest rate on the Bonds shall not exceed 5.0% per annum. The Authority hereby approves the sale of the Bonds to the Purchaser, at the price, maturity schedule, and rates to be determined by the Pricing Committee based on the true interest cost and required covenants, including but not limited to reserve requirements. 2 458639v1 JAE LN140-112 1.03. Pricing Committee Certificate. The Pricing Committee shall meet to award the sale of the Bonds to the Purchaser. Upon awarding the sale of the Bonds, the Pricing Committee shall complete and execute a certificate (the "Pricing Committee Certificate"), a form of which is on file with the Director. The Pricing Committee Certificate shall also set forth the terms of optional redemption for the Bonds. The Director is authorized and directed to attach the Pricing Committee Certificate, when complete, to this resolution as EXHIBIT A. Section 2. Registration and Payment. 2.01. Registered Form. The Bonds will be issued only in fully registered form. The interest thereon and, upon surrender of the Bonds, the principal amount thereof, is payable by check or draft issued by the Registrar described herein. 2.02. Dates; Interest Payment Dates. The Bonds will be dated as of delivery to the Purchaser. The interest on the Bonds shall be payable semiannually as set forth in the Pricing Committee Certificate to the registered owner of record thereof as of the close of business on the fifteenth day of the immediately preceding month, whether or not that day is a business day. 2.03. Registration. The Authority will appoint a bond registrar, transfer agent, authenticating agent and paying agent (the "Registrar"). The effect of registration and the rights and duties of the Authority and the Registrar with respect thereto are as follows: (a) Register. The Registrar must keep a bond register in which the Registrar provides for the registration of ownership of the Bonds. (b) Transfer of Bonds. Upon surrender for transfer of the Bonds duly endorsed by the registered owner thereof or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, the Registrar will authenticate and deliver, in the name of the designated transferee or transferees, one or more new bonds of a like aggregate principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding each interest payment date and until that interest payment date. (c) Exchange of Bonds. If a Bond is surrendered by the registered owner for exchange the Registrar will authenticate and deliver one or more new bonds of a like aggregate principal amount and maturity as requested by the registered owner or the owner's attorney in writing. (d) Cancellation. A Bond surrendered upon transfer or exchange will be promptly cancelled by the Registrar and thereafter disposed of as directed by the Authority. (e) Improper or Unauthorized Transfer. If a Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the Bond until the Registrar is satisfied that the endorsement on the Bond or separate instrument of transfer is valid and genuine and that the requested transfer is legally authorized. The Registrar will incur no liability for the refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. 3 458639v1 JAE LN140-112 (f) Person Deemed Owner. The Authority and the Registrar may treat the person in whose name a Bond is registered in the bond register as the absolute owner of the Bond, whether the Bond is overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on the Bond and for all other purposes, and payments so made to a registered owner or upon the owner's order will be valid and effectual to satisfy and discharge the liability upon the Bond to the extent of the sum or sums so paid. (g) Taxes, Fees and Charges. The Registrar may impose a charge upon the owner thereof for a transfer or exchange of bonds sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to the transfer or exchange. (h) Mutilated, Lost, Stolen or Destroyed Bonds. If a Bond becomes mutilated or is destroyed, stolen or lost, the Registrar will deliver a new bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of the mutilated Bond or in lieu of and in substitution for a Bond destroyed, stolen or lost, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of the Bond destroyed, stolen or lost, upon filing with the Registrar of evidence satisfactory to it that the Bond was destroyed, stolen or lost, and of the ownership thereof, and upon furnishing to the Registrar of an appropriate bond or indemnity in form, substance and amount satisfactory to it and as provided by law, in which both the Authority and the Registrar must be named as obligees. The Bond so surrendered to the Registrar will be cancelled by the Registrar and evidence of such cancellation must be given to the Authority. If the mutilated, destroyed, stolen or lost Bond has already matured or been called for redemption in accordance with its terms it is not necessary to issue a new Bond prior to payment. (i) Redemption. If the Pricing Committee determines that the Bonds will be subject to optional redemption prior to maturity and if such Bonds are called for redemption, notice thereof identifying the Bonds to be redeemed will be given by the Registrar by mailing a copy of the redemption notice by first class mail (postage prepaid) to the registered owner of the Bonds to be redeemed at the address shown on the registration books kept by the Registrar and by publishing the notice if required by law. Bonds so called for redemption will cease to bear interest after the specified redemption date, provided that the funds for the redemption are on deposit with the place of payment at that time. 2.04. Appointment of Initial Registrar. The Authority appoints U.S. Bank National Association, Saint Paul, Minnesota, as the initial Registrar. The President and Director are authorized to execute and deliver, on behalf of the Authority, a contract with the Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust company authorized by law to conduct such business, the resulting corporation is authorized to act as successor Registrar. The Authority agrees to pay the reasonable and customary charges of the Registrar for the services performed. The Authority reserves the right to remove the Registrar upon 30 days' notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar must deliver all cash and Bonds in its possession to the successor Registrar and must deliver the bond register to the successor Registrar. On or before each principal or interest due date, without further order of this Board, the Director must transmit to the Registrar monies sufficient for the payment of all principal and interest then due. 2.05. Execution and Delivery. The Bonds will be prepared under the direction of the Director and executed on behalf of the Authority by the signatures of the President and the Director, provided that those signatures may be printed, engraved or lithographed facsimiles of the originals. If an officer whose signature or a facsimile of whose signature appears on the Bonds ceases to be such officer before the 4 458639v1 JAE LN140-112 delivery of the Bonds, that signature or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. When the Bonds have been so prepared, executed and authenticated, the Director will deliver the same to the Purchaser upon payment of the purchase price in accordance with the contract of sale heretofore made and executed, and the Purchaser is not obligated to see to the application of the purchase price. Section 3. Form of Bond. The Bonds will be typewritten in substantially the form set forth in EXHIBIT B attached hereto. Section 4. Pledges; Security; and Covenants. 4.01. Debt Service Fund. The Bonds are payable from the debt service fund hereby created (the "Debt Service Fund") and the Lease Payments payable by the City under the Lease are hereby pledged to the Debt Service Fund. There is also appropriated to the Debt Service Fund (i) capitalized interest financed from Bond proceeds, if any; and (ii) accrued interest, if any. So long as there is no event of default under the Lease and the City has not terminated the Lease due to non -appropriation, the Debt Service Fund shall be held and administered by the City. 4.02. Project Fund. The proceeds of the Bonds, less the appropriations made in Section 4.01 hereof, will be deposited with the City in a separate account (the "Project Fund") to be used solely to defray expenses of the acquisition of the Site and construction of the Facility, including all project costs. When the Improvements are completed in accordance with the Lease and the cost thereof paid, the Project Fund is to be closed, and any balance thereon credited to the Debt Service Fund. 4.03. Lease Payments. The Authority covenants to apply all Lease Payments received by the Authority for the City pursuant to the Lease to the payment of the principal of and interest on the Bonds. The Bonds shall not constitute or give rise to a charge against the general credit or properties or taxing powers of the Authority or the City and shall not grant to the Owners of the Bonds any right to have the Authority or the City levy any taxes or appropriate any funds for the payment of the principal thereof or interest thereon, nor are the Bonds a general obligation or a pecuniary liability of the Authority or the City or the individual officers or agents thereof. The Bonds shall not constitute an indebtedness of the Authority or the City, within the meaning of any state constitutional provision or statutory limitation. The Bonds and interest thereon are payable solely from Lease Payments to be paid by the City pursuant to the Lease, or other moneys held by the Registrar in a fund or account appropriated to the payment of the Bonds. The obligation of the City to make Lease Payments pursuant to the Lease is subject to annual appropriation by the City Council of the City. In the event the City Council determines not to appropriate moneys for the payment of Lease Payments due in a fiscal year, the Lease will terminate at the end of the then current fiscal year, and the City will have no further obligation to make Lease Payments pursuant to the Lease. In case an event of default as described in the Lease occurs or in the event of non -appropriation by the City Council of the City, the Authority may declare the principal of all Bonds outstanding to be due and payable prior to the stated maturity thereof, and upon such declaration, the principal of all Bonds outstanding shall become due and payable. After such declaration, all moneys received by the Authority and applicable to the Bonds pursuant to the Ground Lease shall be applied to the equal and proportional payment of all Bonds outstanding and claims for interest thereon, without priority of any Bond over another Bond, or of principal over interest or interest over principal. 5 458639v1 JAE LN140-112 Section 5. Authentication of Transcript. 5.01. Authority Proceedings and Records. The officers of the Authority are authorized and directed to prepare and furnish to the Purchaser and to the attorneys approving the Bonds, certified copies of proceedings and records of the Authority relating to the Bonds and to the financial condition and affairs of the Authority, and such other certificates, affidavits and transcripts as may be required to show the facts within their knowledge or as shown by the books and records in their custody and under their control, relating to the validity and marketability of the Bonds, and such instruments, including any heretofore furnished, will be deemed representations of the Authority as to the facts stated therein. 5.02. Lease Documents. The Authority shall meet on April 27, 2015 to consider approval of the forms of the Lease, the Ground Lease, and any other documents deemed necessary to the issuance of the Bonds, which documents will be drafted by the Authority's bond counsel, Kennedy & Graven, Chartered. 5.03. Closing Certificates. The President and Director are hereby authorized and directed to furnish to the Purchaser at the closing such certificates as are required as a condition of sale. Unless litigation shall have been commenced and be pending questioning the Bonds or the organization of the Authority or incumbency of its officers, at the closing the President and Director shall also execute and deliver to the Purchaser a suitable certificate as to absence of material litigation, and the Director shall also execute and deliver a certificate as to payment for and delivery of the Bonds. Section 6. Tax Covenant. 6.01. Tax -Exempt Bonds. The Authority covenants and agrees with the holders from time to time of the Bonds that it will not take or permit to be taken by any of its officers, employees or agents any action which would cause the interest on the Bonds to become subject to taxation under the Internal Revenue Code of 1986, as amended (the "Code"), and the Treasury Regulations promulgated thereunder, in effect at the time of such actions, and that it will take or cause its officers, employees or agents to take, all affirmative action within its power that may be necessary to ensure that such interest will not become subject to taxation under the Code and applicable Treasury Regulations, as presently existing or as hereafter amended and made applicable to the Bonds. 6.02. Rebate. The Authority will comply with requirements necessary under the Code to establish and maintain the exclusion from gross income of the interest on the Bonds under Section 103 of the Code, including without limitation requirements relating to temporary periods for investments, limitations on amounts invested at a yield greater than the yield on the Bonds, and the rebate of excess investment earnings to the United States. 6.03. Not Private Activity Bonds. The Authority further covenants not to use the proceeds of the Bonds or to cause or permit them or any of them to be used, in such a manner as to cause the Bonds to be "private activity bonds" within the meaning of Sections 103 and 141 through 150 of the Code. 6.04. Qualified Tax -Exempt Obligations. In order to qualify the Bonds as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the Code, the Authority makes the following factual statements and representations: (a) the Bonds are not "private activity bonds" as defined in Section 141 of the Code; (b) the Authority designates the Bonds as "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the Code; 6 458639v1 JAE LN140-112 (c) the reasonably anticipated amount of tax-exempt obligations (other than private activity bonds that are not qualified 501(c)(3) bonds) which will be issued by the Authority (and all subordinate entities of the Authority) during calendar year 2015 will not exceed $10,000,000; and (d) not more than $10,000,000 of obligations issued by the Authority during calendar year 2015 have been designated for purposes of Section 265(b)(3) of the Code. 6.06. Procedural Requirements. The Authority will use its best efforts to comply with any federal procedural requirements which may apply in order to effectuate the designations made by this Section. Section 7. Book -Entry System; Limited Obligation of Authority. 7.01. DTC. The Bonds will be initially issued in the form of a separate single typewritten or printed fully registered Bond for each of the maturities of the Bonds. Upon initial issuance, the ownership of each Bond will be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee for The Depository Trust Company, New York, New York, and its successors and assigns ("DTC"). Except as provided in this section, all of the outstanding Bonds will be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC. 7.02. Participants. With respect to Bonds registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC, the Authority, the Registrar and the Paying Agent will have no responsibility or obligation to any broker dealers, banks and other financial institutions from time to time for which DTC holds Bonds as securities depository ("Participants") or to any other person on behalf of which a Participant holds an interest in the Bonds, including but not limited to any responsibility or obligation with respect to (i) the accuracy of the records of DTC, Cede & Co. or any Participant with respect to any ownership interest in the Bonds, (ii) the delivery to any Participant or any other person (other than a registered owner of Bonds, as shown by the registration books kept by the Registrar) of any notice with respect to the Bonds, including any notice of redemption, or (iii) the payment to any Participant or any other person, other than a registered owner of Bonds, of any amount with respect to principal of, premium, if any, or interest on the Bonds. The Authority, the Registrar and the Paying Agent may treat and consider the person in whose name each Bond is registered in the registration books kept by the Registrar as the holder and absolute owner of such Bond for the purpose of payment of principal, premium and interest with respect to such Bond, for the purpose of registering transfers with respect to such Bonds, and for all other purposes. The Paying Agent will pay all principal of, premium, if any, and interest on the Bonds only to or on the order of the respective registered owners, as shown in the registration books kept by the Registrar, and all such payments will be valid and effectual to fully satisfy and discharge the Authority's obligations with respect to payment of principal of, premium, if any, or interest on the Bonds to the extent of the sum or sums so paid. No person other than a registered owner of Bonds, as shown in the registration books kept by the Registrar, will receive a certificated Bond evidencing the obligation of this resolution. Upon delivery by DTC to the Authority of a written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., the words "Cede & Co." will refer to such new nominee of DTC; and upon receipt of such a notice, the Authority will promptly deliver a copy of the same to the Registrar and Paying Agent. 7.03. Representation Letter. The Authority has heretofore executed and delivered to DTC a Blanket Issuer Letter of Representations (the "Representation Letter") which will govern payment of principal of, premium, if any, and interest on the Bonds and notices with respect to the Bonds. Any Paying Agent or Registrar subsequently appointed by the Authority with respect to the Bonds will agree to take all action necessary for all representations of the Authority in the Representation Letter with respect to the Registrar and Paying Agent, respectively, to be complied with at all times. 7 458639v1 JAE LN140-112 7.04. Transfers Outside Book -Entry System. In the event the Authority, by resolution, determines that it is in the best interests of the persons having beneficial interests in the Bonds that they be able to obtain Bond certificates, the Authority will notify DTC, whereupon DTC will notify the Participants, of the availability through DTC of Bond certificates. In such event the Authority will issue, transfer and exchange Bond certificates as requested by DTC and any other registered owners in accordance with the provisions of this Resolution. DTC may determine to discontinue providing its services with respect to the Bonds at any time by giving notice to the Authority and discharging its responsibilities with respect thereto under applicable law. In such event, if no successor securities depository is appointed, the Authority will issue and the Registrar will authenticate Bond certificates in accordance with this resolution and the provisions hereof will apply to the transfer, exchange and method of payment thereof. 7.05. Payments to Cede & Co. Notwithstanding any other provision of this Resolution to the contrary, so long as a Bond is registered in the name of Cede & Co., as nominee of DTC, payments with respect to principal of, premium, if any, and interest on the Bond and notices with respect to the Bond will be made and given, respectively in the manner provided in DTC's Operational Arrangements, as set forth in the Representation Letter. Section 8. Continuing Disclosure. 8.01. Execution of Continuing Disclosure Certificate. "Continuing Disclosure Certificate" means that certain Continuing Disclosure Certificate executed by the Mayor and City Administrator of the City and dated as of the date of issuance and delivery of the Bonds, as originally executed and as it may be amended from time to time in accordance with the terms thereof. 8.02. City Compliance with Provisions of Continuing Disclosure Certificate. The City will covenant and agree in a resolution to be adopted by the City Council (the "City Resolution") that the City will comply with and carry out all of the provisions of the Continuing Disclosure Certificate. Notwithstanding any other provision of the City Resolution, failure of the City to comply with the Continuing Disclosure Certificate is not to be considered an event of default with respect to the Bonds; however, any Bondholder may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the City to comply with its obligations under the City Resolution. Section 9. Defeasance. When all Bonds and all interest thereon have been discharged as provided in this section, all pledges, covenants and other rights granted by this resolution to the holders of the Bonds will cease, except that the pledge of the full faith and credit of the Authority for the prompt and full payment of the principal of and interest on the Bonds will remain in full force and effect. The Authority may discharge all Bonds which are due on any date by depositing with the Registrar on or before that date a sum sufficient for the payment thereof in full. If any Bond should not be paid when due, it may nevertheless be discharged by depositing with the Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. (The remainder of this page is intentionally left blank.) 8 458639v1 JAE LN140-112 The motion for the adoption of the foregoing resolution was introduced by Commissioner and was duly seconded by Commissioner , and upon vote being taken thereon the following members voted in favor of the motion: and the following voted against: Adopted by the board of commissioners of the Lino Lakes Economic Development Authority this 23rd day of March, 2015. ATTEST: Michael Grochala Secretary 9 458639v1 JAE LN140-112 Dave Roeser, President EXHIBIT A PRICING COMMITTEE CERTIFICATE A-1 458639v1 JAE LN140-112 EXHIBIT B FORM OF BOND No. R- $ UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF ANOKA LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY Rate LEASE REVENUE BOND SERIES 2014A Maturity 1, 20 Registered Owner: Cede & Co. Date of Original Issue , 2015 CUSIP Principal Amount: DOLLARS The Lino Lakes Economic Development Authority, Anoka County, a public body corporate and politic and political subdivision of the State of Minnesota (the "Authority"), for value received, hereby promises to pay, but solely from the sources hereinafter described, to the Registered Owner specified above or registered assigns, the principal amount set forth above on the Maturity date specified above, upon the presentation and surrender hereof, and to pay to the Registered Owner hereof interest on such principal amount from such sources at the interest rate specified above from the Date of Original Issue set forth above, or the most recent interest payment date to which interest has been paid or duly provided for as specified below, on 1 and 1 of each year, commencing 1, 20 , until said principal amount is paid. Principal and the redemption price are payable in lawful money of the United States of America at the office of U.S. Bank National Association, Saint Paul, Minnesota, or of its successor, as Bond Registrar. Interest shall be paid on each interest payment date by check or draft mailed to the person in whose name this Bond is registered at the close of business on the fifteenth (15th) day of the month immediately preceding such interest payment date (whether or not a business day) at the Registered Owner's address set forth on the registration records maintained by the Bond Registrar. Upon written request to the Bond Registrar, delivered at least fifteen (15) days prior to an interest payment date by a registered Owner of $500,000 or more in aggregate original principal amount of the Bonds, payment of interest may be made by wire transfer to such Registered Owner. Any such interest not punctually paid or provided for will cease to be payable on such regular record dates and such defaulted interest may be paid to the person in whose name this Bond is registered at the close of business on a special record date for the payment of such defaulted interest established by the Bond Registrar. It is hereby certified and recited and the Authority has found that all acts, conditions and things required to be done precedent to and in the issuance of this Bond and the series of which it is a part have been properly done, have happened and have been performed in regular and due time, form and manner as required by law, and that this Bond and the series of which it is a part does not constitute a debt of the Authority within the meaning of any constitutional or statutory limitation. B-1 458639v1 JAE LN140-112 This Bond is issued pursuant to Minnesota Statutes, Sections 469.091 to 469.1082, as amended (the "Act"), and specifically Section 469.103 of the Act, and in conformity with the provisions, restrictions and limitations thereof. This Bond does not constitute or give rise to a charge against the general credit or properties or taxing powers of the Authority or the City of Lino Lakes, Minnesota (the "City") and does not grant to the Registered Owner of this Bond any right to have the Authority or the City levy any taxes or appropriate any funds for the payment of the principal hereof or interest hereon, nor is this Bond a general obligation or a pecuniary liability of the Authority or the City or the individual officers or agents thereof. This Bond does not constitute an indebtedness of the Authority or the City, within the meaning of any state constitutional provision or statutory limitation. This Bond and interest hereon are payable solely from Lease Payments to be paid by the City pursuant to a Lease -Purchase Agreement, dated as of 1, 2015 (the "Lease"), from the Authority to the City, or other moneys held by the Bond Registrar in a fund or account appropriated to the payment of the Bonds of this series under the Bond Resolution adopted by the Authority on March 23, 2015 (the "Resolution"). The Authority's Board of Commissioners has designated the issue of Bonds of which this Bond forms a part as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended (the "Code") relating to disallowance of interest expense for financial institutions and within the $10 million limit allowed by the Code for the calendar year of issue. THE OBLIGATION OF THE CITY TO MAKE LEASE PAYMENTS PURSUANT TO THE LEASE IS SUBJECT TO ANNUAL APPROPRIATION BY THE CITY COUNCIL OF THE CITY. IN THE EVENT THE CITY COUNCIL DETERMINES NOT TO APPROPRIATE MONEYS FOR THE PAYMENT OF LEASE PAYMENTS DUE IN A FISCAL YEAR, THE LEASE WILL TERMINATE AT THE END OF THE THEN CURRENT FISCAL YEAR, AND THE CITY WILL HAVE NO FURTHER OBLIGATION TO MAKE LEASE PAYMENTS PURSUANT TO THE LEASE. This Bond is one of a duly authorized series of special, limited obligation Bonds in an aggregate principal amount of $ , in denominations of $5,000 or integral multiples thereof not exceeding the principal amount maturing in any year, and numbered from R-1 upwards, and of like tenor and effect except as to serial number, denomination, interest rate, maturity and right of prior redemption, all of which have been authorized by law to be issued and have been issued or are to be issued by the Authority pursuant to the Resolution, to provide financing for the acquisition of the Site and construction of the Facility on the Site, all as described in the Lease. The Bonds are equally and ratably secured by the Resolution and the Lease. Pursuant to a Ground Lease, dated as of 1, 2015 (the "Ground Lease"), from the City to the Authority, the City has leased the Site described in the Lease to the Authority. Reference is hereby made to the Ground Lease, the Lease, the Resolution, and any amendments or supplements thereto for a description and limitation of the property, revenues and funds pledged and appropriated to the payment of the Bonds, the nature and extent of the security thereby created, the rights of the Owners of the Bonds, the rights, duties and immunities of the Bond Registrar, and the rights, immunities and obligations of the Authority and the City thereunder. Certified copies of the Resolution and executed counterparts of the Ground Lease and the Lease are on file at the office of the Authority. The Bonds due on or after 1, 20 are subject to optional redemption, at the election of the City, so long as the Lease is in effect, in whole or in part, and if in part in such manner as the City shall determine, on 1, 20_ and any date thereafter, at a redemption price of par plus accrued interest. Notice of any such redemption shall be given to the Registered Owner of each Bond to be redeemed by first class mail, addressed to the Registered Owner's registered address, not later than thirty (30) days prior to the date fixed for redemption. Prior to the date fixed for redemption, funds shall be deposited with the Bond Registrar sufficient to pay the Bonds called and accrued interest thereon, plus any premium required. B-2 458639v1 JAE LN140-112 Upon the happening of the above conditions, Bonds thus called shall not bear interest on or after the call date and, except for the purpose of payment from the funds so deposited, shall no longer be protected by the Resolution. This Bond is transferable, as provided in the Resolution, only upon the registration records maintained by the Bond Registrar by the Registered Owner hereof in person or by the Registered Owner's duly authorized attorney, upon surrender of this Bond for transfer at the office of the Bond Registrar, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Bond Registrar duly executed by, the Registered Owner hereof or the Registered Owner's duly authorized attorney, and, upon payment of any tax, fee or other governmental charge required to be paid with respect to such transfer, one or more Bonds of the same maturity, aggregate principal amount and interest rate will be issued to the designated transferee or transferees. The Bonds are issuable only as fully registered bonds without coupons in denominations of $5,000 or any integral multiple thereof not exceeding the principal amount maturing in any year. As provided in the Resolution and subject to certain limitations set forth therein, the Bonds are exchangeable for a like aggregate principal amount of Bonds of the same maturity and interest rate, of different authorized denominations, as requested by the Registered Owner or the Registered Owner's duly authorized attorney upon surrender thereof to the Bond Registrar. In case an Event of Default as defined in the Resolution or the Lease occurs, or in the event of non -appropriation by the City Council of the City, the principal of this Bond and all other Bonds outstanding may be declared or may become due and payable prior to the stated maturity hereof in the manner and with the effect and subject to the conditions provided in the Resolution, but no Registered Owner of any Bond shall have any right to enforce the provisions of the Resolution, the Lease or the Ground Lease except as provided in the Resolution. With the consent of the Authority and the Bond Registrar, and to the extent permitted by and as provided in the Resolution, the terms and provisions of the Resolution, the Lease and the Ground Lease, or of any instrument supplemental thereto, may be modified or altered by the assent or authority of the Registered Owners of a majority in aggregate principal amount of the Bonds then outstanding thereunder. This Bond shall not be valid or become obligatory for any purpose until it shall have been authenticated by the execution of the certificate hereon endorsed by the Bond Registrar under the Resolution. IN WITNESS WHEREOF, the Lino Lakes Economic Development Authority has caused this Bond to be executed in its name by the facsimile signatures of its duly authorized officers, all as of the Date of Original Issue specified above. LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY President Director B-3 458639v1 JAE LN140-112 CERTIFICATE OF AUTHENTICATION This is one of the Bonds delivered pursuant to the Resolution mentioned within. U.S. BANK NATIONAL ASSOCIATION By Authorized Representative ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this Bond, will be construed as though they were written out in full according to applicable laws or regulations: TEN COM -- as tenants in common TEN ENT -- as tenants by entireties JT TEN -- as joint tenants with right of survivorship and not as tenants in common UNIF GIFT MIN ACT Custodian (Cust) (Minor) under Uniform Gifts or Transfers to Minors Act, State of Additional abbreviations may also be used though not in the above list. ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto the within Bond and all rights thereunder, and does hereby irrevocably constitute and appoint attorney to transfer the said Bond on the books kept for registration of the within Bond, with full power of substitution in the premises. Dated: Notice: Signature Guaranteed: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. B-4 458639v1 JAE LN140-112 NOTICE: Signature(s) must be guaranteed by a financial institution that is a member of the Securities Transfer Agent Medallion Program ("STAMP"), the Stock Exchange Medallion Program ("SEMP"), the New York Stock Exchange, Inc. Medallion Signatures Program ("MSP") or other such "signature guarantee program" as may be determined by the Registrar in addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with the Securities Exchange Act of 1934, as amended. The Bond Registrar will not effect transfer of this Bond unless the information concerning the assignee requested below is provided. Name and Address: (Include information for all joint owners if this Bond is held by joint account.) Please insert social security or other identifying number of assignee PROVISIONS AS TO REGISTRATION The ownership of the principal of and interest on the within Bond has been registered on the books of the Registrar in the name of the person last noted below. Date of Registration 458639v1 JAE LN140-112 Signature of Registered Owner Officer of Registrar Cede & Co. Federal ID #13-2555119 B-5 STATE OF MINNESOTA COUNTY OF ANOKA CITY OF LINO LAKES I, the undersigned, being the duly qualified and acting Secretary of the Lino Lakes Economic Development Authority, Anoka County, Minnesota (the "Authority"), hereby certify that I have carefully compared the attached and foregoing extract of minutes of a regular meeting of the Board of Commissioners of the Authority held on Monday, March 23, 2015, 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 the Authority's Lease Revenue Bonds, Series 2015A, in the aggregate principal amount not to exceed $4,885,000. WITNESS My hand as Secretary this day of , 2015. Secretary Lino Lakes Economic Development Authority 458639v1 JAE LN140-112 Expenditures March 23, 2015 Check #99954 to #100058 302,877.72 Date: 03/16/2015 Time: 15:28:04 City of Lino Lakes FM Entry - Invoice Journal Ranges: Vendor #: (A) Invoice #: (A) Entry Journal #: (r) 12517 - 12529 Trans #: (A) Line #: (A) Due Date: (A) Bank #: (A) Options: Detail / Summary: s Operator: TJT Page: 1 Invoice Status: A # of copies: 1 Sort: A Check Over Expend: N Discount Vendor # Name # of items Net Gross 'Discount Lost 000080 ABLE HOSE & RUBBER LLC 1 19.50 19.50 .00 .00 000093 ACE SOLID WASTE, INC. 1 755.75 755.75 .00 .00 000095 ADVANCED GRAPHIX, INC. 1 112.50 112.50 .00 .00 000408 AFSCME COUNCIL #5 1 653.37 653.37 .00 .00 000318 AMERIPRIDE SERVICES, INC. 1 33.90 33.90 .00 .00 009190 Andrea Studio 1 37.50 37.50 .00 .00 000370 ANOKA COUNTY CENTRAL COMMUNICATIONS 2 982.52 982.52 .00 .00 000420 ANOKA COUNTY PROPERTY RECORDS & TAXATION 1 9,074.41 9,074.41 .00 .00 008524 LILA ARNOLD 1 32.00 32.00 .00 .00 000541 ASPEN MILLS, INC. 8 1,279.94 1,279.94 .00 .00 008739 BAUER BUILT TIRE 1 167.10 167.10 .00 .00 008528 CHARLENE BEHNE 1 32.00 32.00 .00 .00 008293 BIFF'S INC. 3 187.50 187.50 .00 .00 000724 BLUE TOW SERVICE, INC. 1 280.00 280.00 .00 .00 008516 BUREAU OF CRIM. APPREHENSION 1 19.75 19.75 .00 .00 008808 BUSINESS DATA RECORD SERVICES 1 52.56 52.56 .00 .00 001110 CENTENNIAL UTILITIES 2 7,188.68 7,188.68 .00 .00 002700 CENTERPOINT ENERGY 1 2,424.72 2,424.72 .00 .00 000349 CITY OF MINNEAPOLIS 1 204.00 204.00 .00 .00 900491 CITY OF ROSEVILLE 3 9,927.83 9,927.83 .00 .00 009057 CNH ARCHITECTS 1 13,309.30 13,309.30 .00 .00 001187 CONNEXUS ENERGY 1 4,818.18 4,818.18 .00 .00 Date: 03/16/2015 Time 15:28:05 City of Lino Lakes FM Entry - Invoice Journal Operator: TJT Page: 2 Discount Vendor 9 Name If of items Net Gross Discount Lost 008995 COSTCO 1 110.00 110.00 .00 .00 001230 CRYSTEEL TRUCK EQUIPMENT, INC. 1 119.26 119.26 .00 .00 001270 DALCO, INC. 2 432.28 432.28 .00 .00 001561 EMERGENCY AUTOMOTIVE TECHNOLOGIES, INC. 1 38.51 38.51 .00 .00 008149 NEIL EVENSON 1 100.00 100.00 .00 .00 007405 FASTENAL COMPANY 2 77.10 77.10 .00 .00 000022 FERGUSON WATERWORKS 92516 1 541.31 541.31 .00 .00 007698 FRATTALLONE'S/CIRCLE PINES ACE 1 13.98 13.98 .00 .00 008044 FREIMUTH ENTERPRISES, LLC 1 798.90 798.90 .00 .00 008557 GECK, DUEA & OLSON, PLLC 2 8,373.60 8,373.60 .00 .00 008240 GOPHER STATE ONE -CALL 1 113.30 113.30 .00 .00 001720 GRAINGER 1 248.40 248.40 .00 .00 000142 MELISSA HAGERT 1 25.47 25.47 .00 .00 008953 ETHEL HAUGEN 1 32.00 32.00 .00 .00 001480 HAWKINS, INC. 2 6,013.64 6,013.64 .00 .00 004562 HD SUPPLY WATERWORKS, LTD. 1 114.85 114.85 .00 .00 008183 CHRIS HELVIG 1 37.50 37.50 .00 .00 001859 HOME DEPOT CREDIT SERVICES 1 86.96 86.96 .00 .00 001875 PATRICK H. HUELMAN 1 50.00 50.00 .00 .00 000905 MICHAEL HYDEN 1 100.00 100.00 .00 .00 008740 HYDRAULICS PLUS & CONSULTING, LLC 3 318.05 318.05 .00 .00 001971 INFRATECH 1 5,419.40 5,419.40 .00 .00 000303 INSTRUMENTAL RESEARCH, INC. 1 142.50 142.50 .00 .00 002000 INTL UNION OF OPER ENGR 1 495.00 495.00 .00 .00 008394 JANI-KING OF MINNESOTA, INC. 2 3,391.00 3,391.00 .00 .00 007507 RICHARD JENSEN 1 50.00 50.00 .00 .00 001860 KENNEDY & GRAVEN, CHARTERED 1 418.25 418.25 .00 .00 Date: 03/16/2015 Time: 15:28:06 City of Lino Lakes FM Entry - Invoice Journal Operator: TJT Page: 3 Discount Vendor # Name # of items Net Gross Discount Lost 000511 PERRY LADEN 1 50.00 50.00 .00 .00 000673 LANDFORM 2 5,928.40 5,928.40 .00 .00 002208 LAW ENFORCEMENT LABOR SERVICES, INC. 1 1,034.00 1,034.00 .00 .00 008965 ANDREW LEVI 1 50.00 50.00 .00 .00 009036 MANSFIELD OIL COMPANY 2 5,430.67 5,430.67 .00 .00 001479 LOU MASONICK 1 100.00 100.00 .00 .00 002570 METRO COUNCIL ENRIVONMENTAL SERVICES 1 4,920.30 4,920.30 .00 .00 002584 METRO SALES INCORPORATED 2 10,299.00 10,299.00 .00 .00 002580 - -METROPOLITAN AREA MGMT ASSOCIATION 2 65.00 65.00 .00 .00 007694 METROPOLITAN COUNCIL 1 62,637.33 62,637.33 .00 .00 900344 MINNESOTA GFOA 1 60.00 60.00 .00 .00 002931 MN CHILD SUPPORT PAYMENT CENTER 4 1,245.88 1,245.88 .00 .00 000649 MN TURF & GROUNDS FOUNDATION 5 650.00 650.00 .00 .00 004791 NAC MECHANICAL & ELECTRICAL SERVICES 1 4,236.63 4,236.63 .00 .00 009189 NATIONAL MEDAL OF HONOR LLC 1 1,093.95 1,093.95 .00 .00 009105 JOHN NOROLUND 1 50.00 50.00 .00 .00 003370 NYSTROM PUBLISHING COMPANY, INC. 1 1,896.83 1,896.83 .00 .00 000900 O'REILLY AUTOMOTIVE STORES, INC. 3 89.60 89.60 .00 .00 008850 OfficeMax 1 137.76 137.76 .00 .00 000983 OPTUMHEALTH FINANCIAL SERVICES 1 70.00 70.00 .00 .00 003443 OTTER LAKE ANIMAL CARE CENTER, INC. 1 179.00 179.00 .00 .00 009188 ANGELA PALMSTEEN 1 20.00 20.00 .00 .00 008242 KAY PETERSON 1 32.00 32.00 .00 .00 008402 MARIE PETERSON 1 32.00 32.00 .00 .00 003491 PETTY CASH - HEATHER ROBINSON 1 58.59 58.59 .00 .00 003524 PITNEY BOWES, INC. 1 252.00 252.00 .00 .00 003600 PRESS PUBLICATIONS, INC. 2 84.40 84.40 .00 .00 Date: 03/16/2015 Time: 15:28:07 City of Lino Lakes FM Entry - Invoice Journal Operator: TJT Page: 4 Discount Vendor 6 Name 6 of items Net Gross Discount Lost 009191 R.J. Ryan Construction, Inc. 1 38,958.96 38,958.96 .00 .00 008074 REPUBLIC SERVICES, INC. 1 242.67 242.67 .00 .00 004609 MICHAEL ROOT 1 100.00 100.00 .00 .00 009048 SAFE -FAST, INC. 1 26.95 26.95 .00 .00 003900 SAFETY KLEEN CORPORATION, INC. 1 45.84 45.84 .00 .00 009011 DAVID SCHLUNDT 1 35.00 35.00 .00 .00 007756 SHI INTERNATIONAL CORP 3 2,447.00 2,447.00 .00 .00 008403 HELEN SPENCER 1 32.00 32.00 .00 .00 008556 STANTEC CONSULTING SERVICES INC. 1 1,183.00 1,183.00 .00 .00 004240 STREICHER'S, INC. 3 706.93 706.93 .00 .00 008141 TASC - CLIENT INVOICES 1 95.00 95.00 .00 .00 000489 TDS METROCOM MN 1 259.32 259.32 .00 .00 002130 PAUL TRALLE 1 150.00 150.00 .00 .00 007721 TRI-STATE BOBCAT, INC. 1 194.78 194.78 .00 .00 008640 U.S. BANK 2 7,383.52 7,383.52 .00 .00 004606 U.S. BANK 5 2,225.00 2,225.00 .00 .00 004301 USPCA REGION 12 3 220.00 220.00 .00 .00 003465 VIKING ELECTRIC SUPPLY, INC. 2 110.15 110.15 .00 .00 008385 JUDY WARREN 1 32.00 32.00 .00 .00 004840 WINNICK SUPPLY, INC. 2 2,450.74 2,450.74 .00 .00 007421 WRIGHT-HENNEPIN CO-OP ELECTRIC ASSOC 1 898.00 898.00 .00 .00 008395 WSB & ASSOCIATES, INC. 17 65,123.25 65,123.25 .00 .00 Grand Totals: 161 302,877.72 302,877.72 .00 .00* Date: 03/16/2015 Time: 15:28:56 Operator: TJT Ranges: Page: 1 City of Lino Lakes FM Entry - Invoice Payment - Department Report Fund: Dept Id: Program: Vendor #: Invoice #: Schedule Journal #: Bank #: (A) (A) (A) (A) (A) (R) 12518 - 12533 (A) Options: Print Ranges/Options: Y # of copies: 1 Page on Department: N Department Vendor Name Description Amount MAYOR/COUNCIL MAYOR/COUNCIL ADMINISTRATION ADMINISTRATION ADMINISTRATION ADMINISTRATION ADMINISTRATION ADMINISTRATION ADMINISTRATION ADMINISTRATION ADMINISTRATION FINANCE FINANCE FINANCE FINANCE FINANCE AFSCME COUNCIL 45 MARCH UNION DUES INTL UNION OF OPER E MARCH UNION DUES LAW ENFORCEMENT LABO MARCH UNION DUES METRO COUNCIL ENVIRO FEBRUARY 2015 SAC MN CHILD SUPPORT PAY CHILD SUPPORT U.S. BANK U.S. BANK VISA REBATE Total for Department U.S. BANK U.S. BANK Total for OPTUMHEALTH FINANCIA METROPOLITAN AREA MG METROPOLITAN AREA MG PRESS PUBLICATIONS, TASC - CLIENT INVOIC U.S. BANK BUSINESS DATA RECORD COSTCO WHOLESALE CITY OF ROSEVILLE CUB/STRATEGIC PLANNING W DOUGH JOE'S/STRATEGIC PL Department 401 FEB COBRA FEE 2015 MEMBERSHIP DUES JAN MAMA MEETING PROPERTY ASSESSMENT&CLAS FEB ADMIN FEE MCFOA/CLERK'S CONFERENCE DOCUMENT DESTRUCTION ANNUAL RENEWAL 2015 LASERFICHE RIO MAIN Total for Department 402 ANOKA COUNTY PROPERT TRUTH IN TAXATION U.S. BANK MnGFOA/2015 MEMBERSHIP U.S. BANK MnGFOA/FEB TRAINING & ME MINNESOTA GFOA ANNUAL GFOA MEMBERSHIP CITY OF ROSEVILLE MARCH IT SERVICES Total for Department 407 LEGAL CONSULTANTS GECK, DUEA & OLSON, LEGAL FORFEITURE LEGAL CONSULTANTS GECK, DUEA & OLSON, LEGAL PROSECUTION CONTRA Total for Department 414 ECONOMIC DEVELOPMENT KENNEDY & GRAVEN, CH JAN LEGAL Total for Department 415 PLANNING & ZONING PLANNING & ZONING PLANNING & ZONING LADEN, PERRY LANDFORM HYDEN, MICHAEL G. 1ST QTR PLANNING & ZONIN JAN ORDINANCE UPDATE SER 1ST QTR PLANNING & ZONIN 653.37 495.00 1,034.00 4,920.30 1,245.88 -940.65 7,407.90* 62.25 46.57 108.82* 70.00 45.00 20.00 42.20 95.00 240.00 17.52 55.00 2,055.68 2,640.40* 1,850.27 60.00 15.00 60.00 6,653.75 8,639.02* 123.60 8,250.00 8,373.60* 372.00 372.00* 50.00 5,928.40 100.00 Date: 03/16/2015 Department Time: 15:28:56 Operator: TJT Page: 2 City of Lino Lakes FM Entry - Invoice Payment - Department Report Vendor Name Description Amount PLANNING & ZONING MASONICK, LOU PLANNING & ZONING TRALLE, PAUL PLANNING & ZONING ROOT, MICHAEL PLANNING & ZONING EVENSON, NEIL PLANNING & ZONING WSB & ASSOCIATES PLANNING & ZONING U.S. BANK PLANNING & ZONING U.S. BANK ENGINEERING ENGINEERING ENGINEERING ENGINEERING COMM DEV POLICE POLICE POLICE POLICE POLICE POLICE POLICE POLICE POLICE POLICE POLICE POLICE POLICE POLICE POLICE POLICE POLICE POLICE FIRE FIRE FIRE FIRE FIRE FIRE Total 1ST QTR PLANNING & ZONIN 1ST QTR PLANNING & ZONIN 1ST QTR PLANNING & ZONIN 1ST QTR PLANNING & ZONIN , IN JAN I -35E CORRIDOR AUAR SENSIBLE LAND COALITION SENSIBLE LAND COALITION/ for Department 416 WSB & ASSOCIATES, IN JAN 2014 STORMWATER ORD WSB & ASSOCIATES, IN JAN PAVEMENT MGMT PLAN WSB & ASSOCIATES, IN JAN SERVICES U.S. BANK FRONTIER PRECISION/UPGRA Total for Department 417 U.S. BANK SENSIBLE LAND COALITION/ Total for Department 418 HAGERT, MELISSA EVIDENCE SUPPLIES CITY OF MINNEAPOLIS ANNUAL Q0 USER ACCESS FE ANOKA COUNTY CENTRAL FEB VERIZON WIRELESS INT ANOKA COUNTY CENTRAL JAN VERIZON WIRELESS INT ASPEN ASPEN ASPEN MILLS, INC. MILLS, INC. MILLS, INC. RESERVE UNIFORM UNIFORM ALLOWANCE M.DEMA UNIFORM ALLOWANCE T.PETE CONNEXUS ENERGY FEB ELECTRIC EMERGENCY AUTOMOTIVE SQUAD #381 SPOT LIGHT RE METRO SALES INCORPOR REPLACE CK#99461 OTTER LAKE ANIMAL CA IMPOUND & BOARDING STREICHER'S, INC. UNIFORM ALLOWANCE C.BOEH STREICHER'S, INC. UNIFORM ALLOWANCE T.PETE U.S. BANK ATLAS BUSINESS/SCHEDULIN U.S. BANK BEST BUY/WEB CAM (ANOKA U.S. BANK JOHN'S TAILOR/K.McCARTHY U.S. BANK VERIZON WIRELESS BUSINESS DATA RECORD DOCUMENT DESTRUCTION Total for Department 420 ASPEN MILLS, INC. ASPEN MILLS, INC. ASPEN MILLS, INC. ASPEN MILLS, INC. NEW HIRE UNIFORM D.L'ALL NEW HIRE UNIFORM J.CLAMP NEW HIRE UNIFORM K.SWEEN NEW HIRE UNIFORM P.KARTM BUREAU OF CRIM. APPR FINGERPRINT HISTORY CK J NATIONAL MEDAL OF HO FIRE FIGHTER II Total for Department 421 BUILDING INSPECTIONS U.S. BANK BUILDING INSPECTIONS U.S. BANK DEPTofLABOR/TRAINING RES VERIZON WIRELESS Total for Department 422 100.00 150.00 100.00 100.00 1,045.00 250.00 38.00 7,861.40* 686.50 129.00 1,115.50 1,355.00 3,286.00* 38.00 38.00* 25.47 204.00 629.31 353.21 12.00 360.74 528.60 20.00 38.51 98.00 179.00 541.94 164.99 104.00 74.99 191.78 1,362.50 35.04 4,924.08* 96.95 141.35 69.50 70.80 19.75 1,093.95 1,492.30* 85.00 39.56 124.56* Date: 03/16/2015 Time: 15:28:57 Operator: TJT Department Page: 3 City of Lino Lakes FM Entry - Invoice Payment - Department Report Vendor Name Description Amount STREETS STREETS STREETS STREETS STREETS STREETS STREETS FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET FLEET GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS GOVERNMENT BUILDINGS CONNEXUS ENERGY HOME DEPOT CREDIT SE HOME DEPOT CREDIT SE WINNICK SUPPLY, U.S. BANK U.S. U.S. FEB ELECTRIC REWORK ELECTRICAL CIRCUI WHITEWOOD STUDS, SCREWS,B INC. SHELVES IN STREET SHED CPESC & CPSWQ RENEWAL BANK SOIL&WATER CONSERVATION BANK VERIZON WIRELESS Total for Department 430 ADVANCED GRAPHIX, IN O'REILLY AUTOMOTIVE O'REILLY AUTOMOTIVE O'REILLY AUTOMOTIVE CRYSTEEL TRUCK EQUIP SAFETY KLEEN CORPORA WINNICK SUPPLY, INC. FASTENAL COMPANY TRI-STATE BOBCAT, IN U.S. U.S. U.S. U.S. U.S. U.S. U.S. U.S. U.S. BANK BANK BANK BANK BANK BANK BANK BANK BANK U.S. BANK BAUER BUILT TIRE HYDRAULICS PLUS & CO HYDRAULICS PLUS & CO HYDRAULICS PLUS & CO MANSFIELD OIL COMPAN MANSFIELD OIL COMPAN BLACK NUMBER DECALS STOCK FLASHERS STOCK FUEL FILTERS STOCK TREATMENTS VALVE CARTRIDGES SOLVENT STEEL, KNEELER BOARD,ACET FASTENERS HYD FLUID,HYD & OIL FILT AMAZON/CRIMPING PLIERS AMAZON/HOSE CLAMP PLIERS AUTO TOOL WORLD/TIRE PRE FLEET FARM/KEROSENE LICENSE CENTER/REG RENEW LICENSE CENTER/REG RENEW RADIO SHACK/SWITCHES, LED SNAP-ON/HYDROMETER, BRUSH SNAP-ON/REMOTE HOSE CLAM SNAP-ON/TORQUE WRENCH, AN #803 TIRE #253 HOSES #253 WIPER,O-RINGS,PISTO STOCK SEAL KITS,BOLT COV 1,965 87 UNL W/10%ETH 500 DY COLDPRO 3.5 DYED Total for Department 431 ABLE HOSE & RUBBER L ACE SOLID WASTE, INC AMERIPRIDE SERVICES, TDS METROCOM MN CENTENNIAL UTILITIES CONNEXUS ENERGY DALCO, INC. DALCO, INC. GRAINGER CENTERPOINT ENERGY CENTERPOINT ENERGY VIKING ELECTRIC SUPP VIKING ELECTRIC SUPP PETTY CASH - HEATHER HEX BRASS TRASH & RECYCLE SHOP TOWELS PHONE SERVICE FEB NATURAL GAS -600 TOWN FEB ELECTRIC CAN LINERS,MULTI-FOLD TO PULLEY IDLER,BELT,SPACER MTR,3 PH,3/4HP FEB NATURAL GAS -1187 MAI FEB NATURAL GAS -1189 MAI BULBS PD LLS SYSTEM DOORS BINDER 1,330.99 34.27 52.69 2,196.81 275.00 90.00 39.58 4,019.34* 112.50 7.78 50.56 31.26 119.26 45.84 253.93 8.19 194.78 54.75 32.17 72.94 11.84 11.27 11.26 50.18 34.06 82.35 215.11 167.10 22.64 129.72 165.69 4,150.70 1,279.97 7,315.85* 19.50 599.28 33.90 223.03 6,111.45 1,376.71 314.25 118.03 248.40 653.13 1,015.48 20.75 89.40 5.79 Date: 03/16/2015 Time: 15:28:57 Operator: TJT Page: 4 City of Lino Lakes FM Entry - Invoice Payment - Department Report Department Vendor Name Description Amount GOVERNMENT BUILDINGS PITNEY BOWES, INC. 2ND QTR POSTAGE METER RE 252.00 GOVERNMENT BUILDINGS WRIGHT-HENNEPIN CO -0 LIGHT POLE CLAIM 898.00 GOVERNMENT BUILDINGS JANI-KING OF MINNESO MARCH MONTHLY CONTRACT 3,391.00 GOVERNMENT BUILDINGS U.S. BANK PREMIUM WATER/KANDIYOHI 52.89 GOVERNMENT BUILDINGS U.S. BANK XSTAMPER/BANK ENDORSEMEN 76.70 GOVERNMENT BUILDINGS OfficeMax COPY PAPER 137.76 GOVERNMENT BUILDINGS CITY OF ROSEVILLE MARCH PHONE 1,218.40 Total for Department 432 16,855.85* PARKS ACE SOLID WASTE, INC TRASH & RECYCLE 156.47 PARKS MN TURF & GROUNDS FO PRUNING YOUNG TREES D.J. 130.00 PARKS MN TURF & GROUNDS FO PRUNING YOUNG TREES D.L. 130.00 PARKS MN TURF & GROUNDS FO PRUNING YOUNG TREES M.H. 130.00 PARKS MN TURF & GROUNDS FO PRUNING YOUNG TREES T.U. 130.00 PARKS CENTENNIAL UTILITIES FEB NATURAL GAS -6811 LAK 25.89 PARKS CENTENNIAL UTILITIES FEB NATURAL GAS -6918 SUN 307.48 PARKS CENTENNIAL UTILITIES FEB NATURAL GAS -7204 LAK 221.56 PARKS CONNEXUS ENERGY FEB ELECTRIC 68.84 PARKS HUELMAN, PAT 1ST QTR PARKS BOARD 50.00 PARKS CENTERPOINT ENERGY FEB NATURAL GAS -1179 MAI 111.30 PARKS CENTERPOINT ENERGY FEB NATURAL GAS -6520 PHE 94.71 PARKS FASTENAL COMPANY FASTENERS 68.91 PARKS JENSEN, RICHARD 1ST QTR PARKS BOARD 50.00 PARKS BIFF'S INC. BIFF RENTAL -BIRCH PARK 42.50 PARKS BIFF'S INC. RIFF RENTAL -CITY HALL PA 72.50 PARKS U.S. BANK MPSTMA/ANNUAL DUES 75.00 PARKS U.S. BANK MPSTMA/SPRING WORKSHOP D 25.00 PARKS U.S. BANK MPSTMA/SPRING WORKSHOP D 25.00 PARKS U.S. BANK MPSTMA/SPRING WORKSHOP M 25.00 PARKS U.S. BANK MPSTMA/SPRING WORKSHOP -T 25.00 PARKS U.S. BANK VERIZON WIRELESS 437.17 PARKS LEVI, ANDREW 1ST QTR PARKS BOARD 50.00 PARKS SAFE -FAST, INC. UNIFORM ALLOWANCE T.URIC 26.95 PARKS NORDLUND, JOHN 1ST QTR PARKS BOARD 50.00 Total for Department 450 2,529.28* RECREATION PETTY CASH - HEATHER BINDER DIVIDERS 8.98 RECREATION U.S. BANK MICHAELS/PROGRAM SUPPLIE 78.04 RECREATION U.S. BANK VERIZON WIRELESS 56.76 RECREATION COSTCO WHOLESALE ANNUAL RENEWAL 55.00 Total for Department 451 198.78* ENVIRONMENTAL MN TURF & GROUNDS FO PRUNING YOUNG TREES M.A. 130.00 ENVIRONMENTAL U.S. BANK VERIZON WIRELESS 39.56 Total for Department 461 169.56* SOLID WASTE NYSTROM PUBLISHING C MARCH RECYCLING SATURDAY 1,896.83 SOLID WASTE FREIMUTH ENTERPRISES FEB RECYCLING 798.90 SOLID WASTE REPUBLIC SERVICES #8 ORGANIC RECYCLING 242.67 SOLID WASTE BIFF'S INC. BIFF RENTAL -RECYCLING EV 72.50 Date: 03/16/2015 Time: 15:28:57 Operator: TJT Page: 5 City of Lino Lakes FM Entry - Invoice Payment - Department Report Department Vendor Name Description Amount SOLID WASTE U.S. BANK EARTH DAY SHIRTS Total for Department 462 354.50 3,365.40* Total for Fund 101 79,722.14* HELVIG, CHRIS REPLACE CK#98948 37.50 PETERSON, KAY SENIOR TRIP REFUND 32.00 WARREN, JUDY SENIOR TRIP REFUND 32.00 PETERSON, MARIE SENIOR TRIP REFUND 32.00 SPENCER, HELEN SENIOR TRIP REFUND 32.00 ARNOLD, LILA SENIOR TRIP REFUND 32.00 BEHNE, CHARLENE SENIOR TRIP REFUND 32.00 HAUGEN, ETHEL SENIOR TRIP REFUND 32.00 SCHLUNDT, DAVID REPLACE CK#98260 35.00 PALMSTEEN, ANGELA REFUND PROGRAM OVERPAYME 20.00 Total for Department 316.50* SPECIAL EVENTS/TRIPS PETTY CASH - HEATHER PROGRAM SUPPLIES SPECIAL EVENTS/TRIPS PETTY CASH - HEATHER SENIOR BOOKS SPECIAL EVENTS/TRIPS U.S. BANK BARNES&NOBLE/SENIOR BOOK Total for Department 205 27.24 13.36 91.78 132.38* Total for Fund 201 448.88* BLUE HERON DAYS Andrea Studio FIX HOME PAGE BROKEN IMA 37.50 Total for Department 497 37.50* Total for Fund 205 37.50* POLICE BLUE TOW SERVICE, IN REPLACE CK#99162 280.00 Total for Department 420 280.00* Total for Fund 208 280.00* OTHER ANOKA COUNTY PROPERT SPECIAL ASSESSMENTS 5,649.77 Total for Department 499 5,649.77* Total for Fund 301 5,649.77* OTHER KENNEDY & GRAVEN, CH JAN LEGAL 46.25 Total for Department 499 46.25* Total for Fund 315 46.25* DEBT SERVICE U.S. BANK TAXABLE GO IMPR BONDS 20 425.00 Total for Department 470 425.00* Total for Fund 327 425.00* DEBT SERVICE U.S. BANK GO TAX ABATEMENT BONDS 2 450.00 Date: 03/16/2015 Time: 15:28:57 Operator: TJT Page: 6 City of Lino Lakes FM Entry - Invoice Payment - Department Report Department Vendor Name Description Amount Total for Department 470 Total for Fund 329 450.00* 450.00* DEBT SERVICE U.S. BANK GO UTILITY BONDS 2006D 450.00 Total for Department 470 450.00* Total for Fund 330 450.00* DEBT SERVICE U.S. BANK GO CAP IMPR REF BONDS 20 450.00 Total for Department 470 450.00* Total for Fund 331 450.00* DEBT SERVICE U.S. BANK GO TAX INCREMENT BONDS 2 450.00 Total for Department 470 450.00* Total for Fund 332 450.00* FIRE NAC MECHANICAL & ELE PD FAN FOR ARMORY TURN 0 4,236.63 Total for Department 421 4,236.63* Total for Fund 401 4,236.63* ADMINISTRATION U.S. BANK DELL/REPLACE ADMIN LAPTO 1,202.20 Total for Department 402 1,202.20* GOVERNMENT BUILDINGS METRO SALES INCORPOR RICOH MP 6002SP COPIER GOVERNMENT BUILDINGS SHI INTERNATIONAL CO ACROBAT PRO v.11 NICOLE GOVERNMENT BUILDINGS SHI INTERNATIONAL CO ADOBE PHOTOSHOP TANYA GOVERNMENT BUILDINGS SHI INTERNATIONAL CO InDesign SUBSCRIPTION LI GOVERNMENT BUILDINGS SHI INTERNATIONAL CO OFFICE 2013 SIX LICENSES Total for Department 432 10,201.00 153.00 67.00 235.00 1,992.00 12,648.00* Total for Fund 403 13,850.20* OTHER PRESS PUBLICATIONS, WELLHEAD PROTECTION PLAN 42.20 OTHER WSB & ASSOCIATES, IN JAN WATER CAD MODEL 844.50 OTHER WSB & ASSOCIATES, IN JAN WELLHEAD PROTECTION 973.25 Total for Department 499 1,859.95* OTHER OTHER Total for Fund 406 1,859.95* ANOKA COUNTY PROPERT TAX INCREMENT FINANCING 459.83 Total for Department 499 459.83* Total for Fund 411 459.83* ANOKA COUNTY PROPERT TAX INCREMENT FINANCING 508.55 Total for Department 499 508.55* Date: 03/16/2015 Time: 15:28:57 Operator: TJT Department Page: 7 City of Lino Lakes FM Entry - Invoice Payment - Department Report Vendor Name Description Amount OTHER OTHER OTHER OTHER OTHER OTHER OTHER OTHER OTHER WATER WATER WATER WATER WATER WATER WATER Total for Fund 417 ANOKA COUNTY PROPERT TAX INCREMENT FINANCING Total for Department 499 Total for Fund 418 WSB & ASSOCIATES, IN JAN 2014 MILL & OVERLAY Total for Department 499 Total for Fund 421 WSB & ASSOCIATES, IN JAN SURFACE WATER MGMT P WSB & ASSOCIATES, IN JAN WOLLAN PARK WETLAND Total for Department 499 Total for Fund 422 WSB & ASSOCIATES, IN JAN BIRCH,WARE,LAKE SIGN Total for Department 499 Total for Fund 475 508.55* 605.99 605.99* 605.99* 164.00 164.00* 164.00* 123.00 166.25 289.25* 289.25* 399.00 399.00* 399.00* CNH ARCHITECTS ARCHITECTURAL DESIGN FIR 13,309.30 Total for Department 499 13,309.30* Total for Fund 478 WSB & ASSOCIATES, IN JAN NORTHPOINTE STREET&U Total for Department 499 Total for Fund 480 13,309.30* 1,017.50 1,017.50* 1,017.50* WSB & ASSOCIATES, IN JAN BIRCH SEWER EXT,TURN 13,852.25 Total for Department 499 13,852.25* Total for Fund 481 WSB & ASSOCIATES, IN JAN 2015 SHENANDOAH RECO Total for Department 499 Total for Fund 482 FERGUSON WATERWORKS INSTRUMENTAL RESEARC TDS METROCOM MN CENTENNIAL UTILITIES CONNEXUS ENERGY HAWKINS, INC. HAWKINS, INC. 13,852.25* 31,074.00 31,074.00* 31,074.00* VLV BX EXT SCRW 541.31 FEB CITY WATER 142.50 PHONE SERVICE 36.29 1ST QTR SEWER & WATER 328.30 FEB ELECTRIC 1,505.52 CHLORINE CYLINDERS 50.00 LPC-5,HYDROFLUOSILICIC A 5,963.64 Date: 03/16/2015 Time: 15:28:57 Operator: TJT Department Page: 8 City of Lino Lakes FM Entry - Invoice Payment - Department Report Vendor Name Description Amount WATER WATER WATER WATER WATER WATER WATER WATER SEWER SEWER SEWER SEWER SEWER SEWER SEWER SEWER SEWER SEWER SEWER SEWER SEWER CENTERPOINT ENERGY CENTERPOINT ENERGY CENTERPOINT ENERGY FEB NATURAL GAS -1180 FEB NATURAL GAS -6774 FEB NATURAL GAS -6786 BIR BLA CLE PETTY CASH - HEATHER POSTAGE HD SUPPLY WATERWORKS SADDLE GOPHER STATE ONE -CAL FEBRUARY TICKETS STANTEC CONSULTING S JAN WATER FILL STATIONS U.S. BANK VERIZON WIRELESS Total for Department 494 Total for Fund 601 CENTENNIAL UTILITIES CENTENNIAL UTILITIES CONNEXUS ENERGY INFRATECH CENTERPOINT ENERGY CENTERPOINT ENERGY CENTERPOINT ENERGY CENTERPOINT ENERGY METROPOLITAN COUNCIL FRATTALLONE'S/CIRCLE GOPHER STATE ONE -CAL U.S. BANK SEARS/SMALL TOOLS U.S. BANK VERIZON WIRELESS Total for Department 495 142.55 122.60 185.72 3.22 114.85 56.65 1,183.00 318.28 10,694.43* 10,694.43* 1ST QTR SEWER & WATER 174.04 FEB NATURAL GAS -SUNRISE 19.96 FEB ELECTRIC 516.12 TELEVISE SANITARY SEWER 5,419.40 FEB NATURAL GAS -1473 SNO 46.95 FEB NATURAL GAS -2200 E. 17.01 FEB NATURAL GAS -6330 LAU 16.31 FEB NATURAL GAS -6666 BLA 18.96 APRIL WASTE WATER SERVIC 62,637.33 LEAF RAKES 13.98 FEBRUARY TICKETS 56.65 Total for Fund 602 FOR RE 178.95 319.18 69,434.84* USPCA REGION 12 NARCOTIC DETECTOR DOG CE USPCA REGION 12 PATROL DOG CERTIFICATION USPCA REGION 12 USPCA 2015 MEMBERSHIP DU WSB & ASSOCIATES, IN JAN ISABELL ESTATES WSB & ASSOCIATES, IN JAN ROBINSON DR CONSTRUC WSB & ASSOCIATES, IN JAN WATERMARK BY MATTAMY WSB & ASSOCIATES, IN JAN WHITE PINE SENIOR LI R.J. Ryan Constructi ESCROW CLOSURE NORTHERN Total for Department 69,434.84* 60.00 110.00 50.00 3,005.50 9,209.50 1,104.00 214.50 38,958.96 52,712.46* Total for Fund 801 52,712.46* Grand Total 302,877.72* CENTENNIAL FIRE DISTRICT Check Register - FIRE GL Page: 1 Check Issue Dates: 3/4/2015 - 3/12/2015 Mar 12, 2015 12:16PM Report Criteria: Report type: Summary GL Check Check Vendor Period Issue Date Number Number Payee Description Check Amount 03/15 03/12/2015 6804 03/15 03/12/2015 6805 03/15 03/12/2015 6806 03/15 03/12/2015 6807 03/15 03/12/2015 6808 03/15 03/12/2015 6809 03/15 03/12/2015 6810 03/15 03/12/2015 6811 03/15 03/12/2015 6812 03/15 03/12/2015 6813 03/15 03/12/2015 6814 03/15 03/12/2015 6815 03/15 03/12/2015 6816 03/15 03/12/2015 6817 03/15 03/12/2015 6818 03/15 03/12/2015 6819 03/15 03/12/2015 6820 03/15 03/12/2015 6821 03/15 03/12/2015 6822 03/15 03/12/2015 6823 03/15 03/12/2015 6824 03/15 03/12/2015 6825 03/15 03/12/2015 6826 03/15 03/12/2015 6827 03/15 03/12/2015 6828 03/15 03/12/2015 6829 03/15 03/12/2015 6830 03/15 03/12/2015 6831 03/15 03/12/2015 6832 03/15 03/12/2015 6833 03/15 03/12/2015 6834 03/15 03/12/2015 6835 03/15 03/12/2015 6836 03/15 03/12/2015 6837 03/15 03/12/2015 6838 03/15 03/12/2015 6839 03/15 03/12/2015 6840 03/15 03/12/2015 6841 03/15 03/12/2015 6842 03/15 03/12/2015 6843 03/15 03/12/2015 6844 Grand Totals: 10040 10305 11490 11565 30480 30485 30490 50120 60050 80200 120440 130827 130852 131480 150145 160130 190315 200150 220200 888801 888802 888803 888804 888805 888806 888807 888808 888809 888810 888811 888812 888813 888814 888815 888816 888817 888818 999995 999996 999997 999998 ADVANCED FIRST AID, INC ALLIED GENERATORS ARC STONE TECHNOLOGIES I ASPEN MILLS, INC CENTENNIAL UTILITIES CENTER MART CENTERPOINT ENERGY EMERGENCY APPARATUS MAI FISDAP, INC CITY OF HAM LAKE LEXINGTON FIRE DEPT. MN STATE COLLEGES & UNIV MN STATE FIRE MARSHALL DIV MUSKA ELECTRIC OFFICE MAX PERFORMANCE PLUS LLC MIKE SCHWEIGERT THOMAS MOTORS, INC VERIZON WIRELESS RYAN T. HALLBERG RIO JACKS-HANSON STEPHEN F. KOLOSKY JR JUSTIN LU RYAN MARINELLO JEROD NELSON PATRICK NUGENT ZACHARY M RICKMAN ERNEST R SCHERGER III BROCK A SMITH -HILL PETER L TIGNOR ROBERT T TRAEGER CALEB B TUNGSETH JOSHUA H TRANBY NATHANIEL E WESTBROOK KENNETH WILLIAMS JEFFERY J WUNDERLICH ANDREW YOAKUM PATRICK J BAUER, JR KARI CRUMP RYAN JAMES DION MATTHEW J GRANTZ 2 AED'S STATION 3 GENERATOR MTC FEMA -MARKETING CAMPAIGN UNIFORMS FEB UTILITIES STATION 1 FUEL STATION 2 GAS CHARGES INSTALL BRACKET/ANTENNA F EMT EXAM GIBBONS FEMA - EMS TRAINING FEMA -PSYCHOLOGICAL EVAL SALES TAX 2015 STATE CONF ELEC WORK STATION 1 OFFICE SUPPLIES -LABELER FEMA -IMMUNIZATIONS FEMA -CELL PHONE REIMB JAN 09 VEH SERVICE SERVICE COMMUNICATIONS FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA-RETENTI ON FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION FEMA -RETENTION NREMT TEST FEMA -RETENTION BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS BONUS 2,858.00 825.00 30,000.00 148.80 112.53 598.15 651.15 641.25 100.00 450.00 450.00 687.00 260.00 1,040.82 133.68 6,162.00 50.00 69.47 131.05 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 70.00 500.00 55,938.90 M = Manual Check, V = Void Check CENTENNIAL FIRE DISTRICT Invoice Register - Edit Report Page: 1 Input Dates: 3/4/2015 - 3/11/2015 Mar 12, 2015 11:29AM Name Vendor Number Invoice Seq Type Description Invoice Date Payment Due Date Total Cost GL Account GL Period 03/11/2015 10040 ADVANCED FIRST AID, INC ADVANCE 10040 0215-597 ADVANCE 10040 0215-597 Total 10040 ADVANCED FIRST AID, INC: 1 Invoi 2 AED'S - WILL BE REIMB 2 Invoi 2 AED'S 03/11/2015 03/11/2015 10305 ALLIED GENERATORS ALLIED GE 10305 7712 1 Invoi STATION 3 GENERATOR MTC 03/11/2015 Total 10305 ALLIED GENERATORS: 11490 ARC STONE TECHNOLOGIES INC ARC STON 11490 30904 1 Invoi FEMA -MARKETING CAMPAIGN 03/11/2015 Total 11490 ARC STONE TECHNOLOGIES INC: 11565 ASPEN MILLS, INC ASPEN MIL 11565 147363 Total 11565 ASPEN MILLS, INC: 30480 CENTENNIAL UTILITIES CENTENNI 30480 031115 Total 30480 CENTENNIAL UTILITIES: 30485 CENTER MART CENTER M 30485 031115 Total 30485 CENTER MART: 30490 CENTERPOINT ENERGY CENTERP 30490 031115 Total 30490 CENTERPOINT ENERGY: 50120 EMERGENCY APPARATUS MAINT, INC EMERGEN EMERGEN 1 Invoi UNIFORMS 1 Invoi FEB UTILITIES STATION 1 1 Invoi FUEL 1 Invoi STATION 2 GAS CHARGES 03/11/2015 03/11/2015 03/11/2015 03/11/2015 50120 78633 1 Invoi INSTALL BRACKET/ANTENNA F 03/11/2015 50120 78633 2 Invoi INSTALL BRACKET/ANTENNA F 03/11/2015 Total 50120 EMERGENCY APPARATUS MAINT, INC: 60050 FISDAP, INC FISDAP, IN FISDAP, IN FISDAP, IN FISDAP, IN 60050 1205F012 60050 1205F012 60050 1205F020 60050 1205F030 Total 60050 FISDAP, INC: 80200 CITY OF HAM LAKE CITY OF H 80200 1 Invoi EMT EXAM JUDE/KOLOSKY 1 Invoi EMT EXAM WESTBROOK 1 Invoi EMT EXAM TRANBY 1 Invoi EMT EXAM GIBBONS 10-105 1 Invoi FEMA - EMS TRAINING Total 80200 CITY OF HAM LAKE: 120440 LEXINGTON FIRE DEPT. LEXI N GTO 120440 03/11/2015 03/11/2015 03/11/2015 03/11/2015 03/11/2015 03/11/2015 3,054.49 801-42-2240-201 03/15 03/11/2015 196.49- 801-21800 2,858.00 03/15 03/11/2015 825.00 801-42-2210-401 03/15 825.00 03/11/2015 30,000.00 201-42-2220-302 03/15 30,000.00 03/11/2015 148.80 801-42-2210-218 03/15 148.80 03/11/2015 112.53 801-42-2210-380 03/15 112.53 03/11/2015 598.15 801-42-2210-212 03/15 598.15 03/11/2015 651.15 801-42-2210-380 03/15 651.15 03/11/2015 646.51 801-42-2210-404 03/15 03/11/2015 5.26- 801-21800 641.25 03/15 03/11/2015 40.00 801-42-2240-331 03/15 03/11/2015 20.00 801-42-2240-331 03/15 03/11/2015 20.00 801-42-2240-331 03/15 03/11/2015 20.00 801-42-2240-331 03/15 100.00 03/11/2015 450.00 201-42-2240-331 03/15 450.00 9539 1 Invoi FEMA -PSYCHOLOGICAL EVAL 03/11/2015 03/11/2015 450.00 201-42-2230-309 03/15 CENTENNIAL FIRE DISTRICT Invoice Register - Edit Report Page: 2 Input Dates: 3/4/2015 - 3/11/2015 Mar 12, 2015 11:29AM Name Vendor Number Invoice Seq Type Description Invoice Date Payment Due Date Total Cost GL Account GL Period Total 120440 LEXINGTON FIRE DEPT.: 450.00 130827 MN STATE COLLEGES & UNIV MN STATE 130827 2767 1 Invoi HEATHCARE CARDS 03/11/2015 03/11/2015 734.23 801-42-2240-201 03/15 MN STATE 130827 2767 2 Invoi SALES TAX 03/11/2015 03/11/2015 47.23- 801-21800 03/15 Total 130827 MN STATE COLLEGES & UNIV: 687.00 130852 MN STATE FIRE MARSHALL DIVISION MN STATE 130852 031115 1 Invoi 2015 STATE CONF 03/11/2015 03/11/2015 260.00 801-42-2210-331 03/15 Total 130852 MN STATE FIRE MARSHALL DIVISION: 260.00 131480 MUSKA ELECTRIC MUSKA EL 131480 99329 1 Invoi ELEC WORK STATION 1 03/11/2015 03/11/2015 1,040.82 801-42-2210-401 03/15 Total 131480 MUSKA ELECTRIC: 1,040.82 150145 OFFICE MAX OFFICE MA 150145 538309 1 Invoi OFFICE SUPPLIES -LABELER 03/11/2015 03/11/2015 133.68 801-42-2210-201 03/15 Total 150145 OFFICE MAX: 133.68 160130 PERFORMANCE PLUS LLC PERFORM 160130 3942 1 Invoi FEMA -MEDICAL EXAMS 03/11/2015 03/11/2015 1,066.00 201-42-2230-308 03/15 PERFORM 160130 3950 1 Invoi FEMA -MEDICAL EXAMS 03/11/2015 03/11/2015 288.00 201-42-2230-308 03/15 PERFORM 160130 3954 1 Invoi FEMA -MEDICAL EXAMS 03/11/2015 03/11/2015 20.00 201-42-2230-308 03/15 PERFORM 160130 3956 1 Invoi FEMA -MEDICAL EXAMS 03/11/2015 03/11/2015 3,805.00 201-42-2230-308 03/15 PERFORM 160130 3957 1 Invoi FEMA -MEDICAL EXAMS 03/11/2015 03/11/2015 288.00 201-42-2230-308 03/15 PERFORM 160130 3965/3974 1 Invoi FEMA -IMMUNIZATIONS 03/11/2015 03/11/2015 410.00 201-42-2230-308 03/15 PERFORM 160130 3987/3988 1 Invoi FEMA -IMMUNIZATIONS 03/11/2015 03/11/2015 285.00 201-42-2230-308 03/15 Total 160130 PERFORMANCE PLUS LLC: 6,162.00 190315 MIKE SCHWEIGERT MIKE SCH 190315 031115 1 Invoi FEMA -CELL PHONE REIMB JAN 03/11/2015 03/11/2015 50.00 201-42-2220-302 03/15 Total 190315 MIKE SCHWEIGERT: 50.00 200150 THOMAS MOTORS, INC THOMAS M 200150 26714 1 Invoi 09 VEH SERVICE SERVICE 03/11/2015 03/11/2015 69.47 801-42-2210-404 03/15 Total 200150 THOMAS MOTORS, INC: 69.47 220200 VERIZON WIRELESS VERIZON 220200 97406439 1 Invoi COMMUNICATIONS 03/11/2015 03/11/2015 131.05 801-42-2210-321 03/15 Total 220200 VERIZON WIRELESS: 131.05 888801 RYAN T. HALLBERG RYAN T. H 888801 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888801 RYAN T. HALLBERG: 500.00 888802 RIO JACKS-HANSON RIO JACKS 888802 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 CENTENNIAL FIRE DISTRICT Invoice Register - Edit Report Page: 3 Input Dates: 3/4/2015 - 3/11/2015 Mar 12, 2015 11:29AM Name Vendor Number Invoice Seq Type Description Invoice Date Payment Due Date Total Cost GL Account GL Period Total 888802 RIO JACKS-HANSON: 500.00 888803 STEPHEN F. KOLOSKY JR STEPHEN 888803 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888803 STEPHEN F. KOLOSKY JR: 500.00 888804 JUSTIN LU JUSTIN LU 888804 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888804 JUSTIN LU: 500.00 888805 RYAN MARINELLO RYAN MAR 888805 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888805 RYAN MARINELLO: 500.00 888806 JEROD NELSON JEROD NE 888806 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888806 JEROD NELSON: 500.00 888807 PATRICK NUGENT PATRICK N 888807 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888807 PATRICK NUGENT: 500.00 888808 ZACHARY M RICKMAN ZACHARY 888808 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888808 ZACHARY M RICKMAN: 500.00 888809 ERNEST R SCHERGER III ERNEST R 888809 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888809 ERNEST R SCHERGER III: 500.00 888810 BROCK A SMITH -HILL BROCK A S 888810 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888810 BROCK A SMITH -HILL: 500.00 888811 PETER L TIGNOR PETER L TI 888811 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888811 PETER L TIGNOR: 500.00 888812 ROBERT T TRAEGER ROBERT T 888812 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888812 ROBERT T TRAEGER: 500.00 888813 CALEB B TUNGSETH CALEB B T 888813 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888813 CALEB B TUNGSETH: 500.00 CENTENNIAL FIRE DISTRICT Invoice Register - Edit Report Page: 4 Input Dates: 3/4/2015 - 3/11/2015 Mar 12, 2015 11:29AM Name Vendor Number Invoice Seq Type Description Invoice Date Payment Due Date Total Cost GL Account GL Period 888814 JOSHUA H TRANBY JOSHUA H 888814 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888814 JOSHUA H TRANBY: 500.00 888815 NATHANIEL E WESTBROOK NATHANIE 888815 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888815 NATHANIEL E WESTBROOK: 500.00 888816 KENNETH WILLIAMS KENNETH 888816 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888816 KENNETH WILLIAMS: 500.00 888817 JEFFERY J WUNDERLICH JEFFERY J 888817 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888817 JEFFERY J WUNDERLICH: 500.00 888818 ANDREW YOAKUM ANDREW Y 888818 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 888818 ANDREW YOAKUM: 500.00 999995 PATRICK J BAUER, JR PATRICK J 999995 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 999995 PATRICK J BAUER, JR: 500.00 999996 KARI CRUMP KARI CRU 999996 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 999996 KARI CRUMP: 500.00 999997 RYAN JAMES DION RYAN JAM 999997 031115 2 Invoi NREMT TEST 03/11/2015 03/11/2015 70.00 801-42-2210-331 03/15 Total 999997 RYAN JAMES DION: 70.00 999998 MATTHEW J GRANTZ MATTHEW 999998 031115 1 Invoi FEMA -RETENTION BONUS 03/11/2015 03/11/2015 500.00 201-42-2230-307 03/15 Total 999998 MATTHEW J GRANTZ: 500.00 Total 03/11/2015: 55,938.90 3/11/2015 GL Period Summary GL Period Amount 03/15 55,938.90 Grand Totals: 55,938.90 CENTENNIAL FIRE DISTRICT Invoice Register - Edit Report Page: 5 Input Dates: 3/4/2015 - 3/11/2015 Mar 12, 2015 11:29AM Name Vendor Number Invoice Seq Type Description Invoice Date Payment Due Date Total Cost GL Account GL Period Grand Totals: 55,938.90 Report GL Period Summary GL Period Amount 03/15 55,938.90 Grand Totals: 55,938.90 Vendor number hash: 22899251 Vendor number hash - split: 23090238 Total number of invoices: 50 Total number of transactions: 53 Terms Description Invoice Amount Discount Amount Net Invoice Amount Open Terms 55,938.90 .00 55,938.90 Grand Totals: 55,938.90 .00 55,938.90 CITY COUNCIL WORK SESSION APPROVED DATE TIME STARTED TIME ENDED MEMBERS PRESENT MEMBERS ABSENT CITY OF LINO LAKES MINUTES March 2, 2015 : March 2, 2015 . 6:00 p.m. . 9:30 p.m. : Council Member Kusterman, Rafferty, Roeser and Mayor Reinert : Council Member Stoesz Staff members present: City Administrator Jeff Karlson; Public Safety Director John Swenson; Community Development Director Michael Grochala; City Planner Katie Larsen; Environmental Coordinator Martin Asleson; City Clerk Julie Bartell 6. Memorial for U.S. Military Service Members — Lino Lakes Lions Club President Jerry Bauer and Lions Club Officer John Bergeson were present. Mr. Bauer explained that the Lions Club is interested in establishing a memorial in the city and he presented some examples of memorials in other cities. They have a person in mind who could do the granite work and could give an idea of the cost. Mayor Reinert indicated that the city is interested in helping with the effort. There should be some options and costs put together for review. He directed staff to report at the next council work session; he loves the idea of this memorial and wants to begin working on it. Community Development Director Grochala suggested that the club may want to speak with Public Services Director DeGardner about possible locations in the city. 1. Fire Station Bid Alternatives — Apparatus Bay Doors- Quinn Hutson, CNH Architects reviewed a PowerPoint presentation related to the Lino Lakes Fire Station project and bid alternate 5 regarding a choice of coiling or four -fold doors. The presentation included information on energy efficiency, benefits of different types of doors and the difference in image. The council asked if Deputy Director D'Allier has a preference for doors and Chief Swenson said he believes that he would prefer the bi-fold doors, his original recommendation, especially because he is familiar with their use and their track record. The council asked questions about pros and cons of the different doors and concurred that they would prefer the bi-fold option. The mayor noted that it is good practice to review options. 1 CITY COUNCIL WORK SESSION March 2, 2015 DRAFT 1 2. Fire Station Financing — Mikeala Huot, Springsted financial consultant, 2 reviewed a PowerPoint presentation regarding financing for the new city fire station. She 3 included information on: 4 - the project to be funded; 5 - types of funding proposed (lease revenue and abatement bonds); 6 - the amount of financing required; 7 - how abatement bonding is structured and costs eligible for abatement bonds; 8 - constraints of abatement bonding; 9 - area where taxes will be abated (ultimately costs are spread throughout the city); 10 - the schedule for issuance of bonds; 11 - other projects that have been funded by abatement bonds. 12 13 The council will conduct a public hearing on the bonds at the March 23, 2015 meeting. 14 15 2a. Lino Lakes Ambassador Program- Ray Culp, representing the Ambassador 16 Program, provided information on the city float. The float is used by the Ambassadors to 17 represent the city in parades and functions around the state. It is in need of updating and 18 repair. 19 20 Megan Culp, Co -Coordinator of the Ambassador Program and former ambassador. The 21 program was so helpful in her growth as an individual that she is still participating and 22 contributing to keep it going. Ambassadors are selected based on criteria that means they 23 will represent the city well. 24 25 Mayor Reinert noted that he and Council Member Roeser attended a function of the 26 Program recently and heard about the condition of the float. The Program is long 27 recognized for the good work and the benefit it provides to the participants who are city 28 residents. 29 30 Using a PowerPoint tool, Mr. Culp reviewed: 31 - Ambassador activities; 32 - Positive attitude of the participants; 33 - Photos of the current float; 34 - Problems occurring with the current float; 35 - A proposal to repair the float, noting that they've gotten some quotes on the supplies; 36 - The need for a cover to store and transport the float (possibly $3,300); 37 - Breakdown of expenses in the range of $3,000, not including the cover (including just 38 materials as labor would be done by volunteers). 39 40 The mayor noted his support of the city providing funds for the project. Council Member 41 Roeser indicated that the volunteer element is great and he thinks the city should provide 42 funding for the materials. It was suggested that inside storage should be explored as well 43 as providing for regular maintenance going forward. Also the possibility of funding 44 through the tourism organization could be explored. Council Member Rafferty asked 45 that the float renovation include more city identification such as the city logo. 2 CITY COUNCIL WORK SESSION March 2, 2015 DRAFT 1 2 Community Development Director Grochala said he will seek some type of indoor 3 storage and report back to the council. 4 5 The council concurred that they would consider an appropriation of $6,000 for the float; a 6 formal action will be brought forward at the next regular meeting. 7 8 3. Recycling Update (from February Work Session) - Environmental Coordinator 9 Asleson explained that the city receives funds from Anoka County each year that are to be 10 used to develop programs for waste reduction, recycling and solid waste management. 11 Those funds are received annually but are not guaranteed year to year. A couple of years 12 ago, the funds were raised substantially and that allowed additional efforts such as 13 monthly recycling days, adding more items to recycling day, and a billboard and an ad at 14 the movie theater promoting recycling. The council has discussed the possibility of 15 receiving mattresses at recycling day for free and staff is reporting back. The city 16 receives funding to promote recycling and could do mattresses for free for city residents 17 with the understanding that the county funding that supports that could disappear. 18 Council Member Roeser requested that staff make an effort to inform city businesses of 19 recycling availability. 20 21 The council directed staff to provide mattress and furniture recycling free of charge to city 22 residents. 23 24 4. Tree Planting Program — Environmental Coordinator Asleson noted that the city 25 requested a discussion about city reforestation in light of the threat of the Emerald Ash 26 Borer (EAB). Staff has provided information on the Twin City Tree Trust Program that 27 provides trees with a city subsidy as well as other possible sources of trees available to 28 city residents. 29 30 Mayor Reinert reinforced that the city will be losing trees due to the EAB and must plan 31 ahead on replacement. Knowing the number of trees that will be lost, he would like a 32 program such as a "10,000 Tree Program" initiated, advertised and implemented with city 33 residents very soon. When the council discussed funding of a program, the mayor 34 suggested he'd like to see free trees first and then look at special purchases to get more 35 trees out there. 36 37 Staff directed to work on options to provide trees with and without costs. 38 39 Item from Regular Agenda of March 9, 2015- 40 41 Item 6B - City Planner Larsen noted that the city has received a request from the owners 42 of the property at 6966 and 6970 Lake Drive for a rezoning that would allow the keeping 43 of farm animals. She showed maps indicating the site location and zoning of the 44 property in the vicinity. The property in question is made up of two 4 acre parcels. Area 45 residents did attend the Planning and Zoning meeting and support the rezoning. The 3 CITY COUNCIL WORK SESSION March 2, 2015 DRAFT 1 question of property use was not driven by a citizen complaint but rather because the 2 owners wished to build an accessory building on the property. Staff and the Planning and 3 Zoning Board are recommending denial of the rezoning request but also recommend 4 researching the possibility of amending the zoning ordinance to base the keeping of farm 5 animals on lot size rather than on zoning district. 6 7 The mayor acknowledged that this represents a mix of uses and that's not unusual in Lino 8 Lake. There can be evolution where uses change. He sees a problem when there is a 9 complaint and he wonders if no one is complaining about this use, why is the city 10 involved? Community Development Director Grochala responded that staff doesn't 11 have the ability to decide to enforce in one place and not in another. In this case, the 12 Planning and Zoning Board thought the concept of looking at the size of the parcel makes 13 sense. Staff is thinking about creating the option of a downzoning for all the parcels in 14 the area but that would of course require the participation of the other property owners. 15 The mayor concurred that, under that scenario, the city would indeed have to ensure that 16 everyone who would be impacted is involved in the discussion. Ms. Larsen added that 17 the city would allow the animals to remain while the property owners are working with 18 the city on a solution. 19 20 The council indicated they would vote on the denial that is recommended with the 21 understanding that there is an alternate solution to be worked out. 22 23 5. Met Council Density Calculation Formula — Community Development Director 24 Grochala reviewed his staff report responding to the council's recent inquiry about 25 residential development density and how it is calculated for Met Council density 26 requirements. His report included a density overview based on the city's Land Use Plan, 27 information on the total city area, percentages of the city that are developed as residential, 28 and how much of the city is considered wetland/park/water and mixed use areas. He also 29 reviewed how the city defines density, how the Met Council defines density and how 30 those definitions are effected by removing consideration of storm ponding. Staff is 31 seeking council direction on any revisions needed to the city definitions. 32 33 The council indicated they would not be considering an action for change at this time but 34 sees that staff will continue to review the possibilities. 35 36 7. Advisory Board Applicants- Administrator Karlson reviewed the status of 37 applications received for advisory board appointments. 38 39 The council will interview the two new applicants on March 9, prior to the regular 40 meeting that night. 41 42 8. Council Member Updates — The council added this as a regular item to allow 43 time for individual members to report on their work to external groups, such as advisory 44 boards. 4 CITY COUNCIL WORK SESSION March 2, 2015 DRAFT 1 Council Member Rafferty reported on a recent VLAWMO (Vadnais Lake Area Water 2 Management Organization) meeting. It was the first meeting of the year and that is 3 traditionally organizational, introducing new members and reviewing the budget and 4 projects coming forward. He noted that the VLAWMA district does not include much 5 of Lino Lakes but it is still important to maintain a presence on the board. He noted the 6 leadership of the group and also that they continue to discuss the situation with the water 7 lawsuit regarding White Bear Lake. 8 9 There were no other reports. 10 11 9. Monthly Progress Report — Administrator Karlson reviewed the matters 12 included on the report. 13 14 10. Review March 10, 2015 Meeting Agenda — The agenda was reviewed and there 15 were no changes. 16 17 The meeting was adjourned at 9:30 p.m. 18 19 These minutes were considered, corrected and approved at the regular Council meeting held on 20 March 23, 2015. 21 22 23 24 25 Julianne Bartell, City Clerk Jeff Reinert, Mayor 26 5 CITY OF LINO LAKES MINUTES DATE : March 9, 2015 TIME STARTED : 6:30 p.m. TIME ENDED : 7:45 p.m. MEMBERS PRESENT : Council Member Kusterman, Rafferty, Roeser, and Mayor Reinert MEMBERS ABSENT : Council Member Stoesz Staff members present: City Administrator Jeff Karlson; Community Development Director Michael Grochala; Chief of Police John Swenson; City Engineer Diane Hankee; City Planner Katie Larsen and City Clerk Julie Bartell PUBLIC COMMENT No one was present to address the council regarding a matter not on the agenda. SETTING THE AGENDA The agenda was approved as presented. CONSENT AGENDA Administrator Karlson explained that Item 1D relates to funding that will be used for fire department equipment. It is a case where the bond proceeds won't be immediately available so the finance director recommends this action that will provide funding in the meantime. Council Member Kusterman moved to approve the Consent Agenda, Items IA through 1E, as presented. Council Member Roeser seconded the motion. Motion carried on a voice vote; Council Member Stoesz absent. ITEM Consideration of Expenditures: ACTION March 9, 2015 (Check No. 99887 — 99953, $176,348.92) Centennial Fire District (Check No. 6790 -6803, $73,900.77) February 23, 2015 Council Work Session Minutes February 23, 2015 Council Meeting Minutes Resolution No. 15-23, Declaring the Official Intent of the City to Reimburse Certain Expenditures form the Approved Approved Approved Approved Proceeds of Bonds to be Issued by the City Resolution No. 15-26, Approving Off -Sale Liquor and Tobacco License for JP's Liquor, Wine and Beer FINANCE DEPARTMENT REPORT Approved Approved 2A) Consider Transfer of $6,000 from Contingency Fund- Administrator Karlson explained that the Lino Lakes Ambassador Program is interested in refurbishing the city float. The group has presented a plan for improvements that would cost in the area of $6,000. The council heard about the plans at the recent work session and asked staff to explore funding. The Finance Director recommends that if funding is provided for the project, it should be taken from the contingency account in an amount up to $6,000. Mayor Reinert explained that the city has a history of having a float and he recalls when it was put together ten or so years ago. The Ambassador Program, that provides great representation of the city, would like to update the float. They a have a plan, and have volunteers ready to do the work. He feels this is a good deal for the city. Ray Culp, representing the Lino Lakes Ambassadors Program, addressed the council. They are proposing to improve the float that serves the ambassadors as they travel to community centered events and represent the city. The Ambassador Program itself provides great opportunity for growth for those participating. He appreciates any help that the city can provide. Council Member Roeser said that the council values the image of the city and he sees the Ambassador Program as part of that image. Mr. Karlson added that staff is working with Mr. Culp on signage options for the float. The mayor remarked that it makes sense to think about yearly expenses for the float operation, to keep it up once improvements are done. Council Member Roeser moved to approve the transfer of $6,000 as presented. Council Member Kusterman seconded the motion. Motion carried on a voice vote; Council Member Stoesz absent. ADMINISTRATION DEPARTMENT REPORT There was no report from the Public Safety Department. PUBLIC SAFETY DEPARTMENT REPORT 4A) Consider Hiring of Paid On -Call Firefighter Paul Peltier - Public Safety Director Swenson reported that he is requesting council authorization for this hiring. Paul Peltier would bring thirty years of experience to the department. Mr. Peltier worked with the White Bear Lake Department and recently retired. He is interested in bringing his experience to the Lino Lakes Department is intrigued with the new model. Chief Swenson explained that he has worked with Mr. Peltier previously and feels he will be a great asset to the department. He would be station chief for the new facility. Council Member Kusterman moved to approve the hiring of Paul Peltier as a paid on-call firefighter. Council Member Rafferty seconded the motion. Motion carried on a voice vote; Council Member Stoesz absent. 4B) Public Safety Department Update — Chief Swenson provided an update including the following: - Police Officer Position — the application process for the police officer position just closed and there were 71 applications received. There is a good and diverse applicant pool to be used for the hiring process. - Fire Station Development — the warm weather allows the building process to begin early; prepping with the contractor is underway. - Fire Department Recruiting — a special event to provide information on becoming a paid on-call firefighter will be held on March 24. Members of the new department as well as the new station architect will be present to meet, greet and give information. - Firefighter Training — the first group of trainees is finishing and moving through the exam process. The paid on-call group is moving into training with Century College on April 8. Additionally there are six individuals in the process of background checks. Department members have participated in a live burn exercise along with White Bear Lake firefighters. - New Equipment — the department will take custody of the new trucks on April 1; staff is in the process of locating appropriate housing for that equipment. Council Member Roeser noted that the council has discussed having the area state legislators at a council work session to discuss issues such as cameras and pensions. Chief Swenson noted that he has met with the legislators personally and they had a good discussion of issues. Council Member Roeser remarked on the importance of the keeping on top of state level issues that impact the city. Council Member Rafferty suggested that the council should express gratitude to the cities of Woodbury and White Bear Lake for their assistance in housing the new fire vehicles. PUBLIC SERVICES DEPARTMENT REPORT There was no report from the Public Services Department. COMMUNITY DEVELOPMENT DEPARTMENT REPORT 6A) Public Hearing; Consider Resolution No. 15-25, Accepting Part II of Wellhead Protection Plan and Authorization to Submit to the Department of Health- City Engineer Hankee introduced Leslee Storlie of WSB Engineering to review the Plan. She noted that the council is being asked to hold the required public hearing this evening regarding the city's Wellhead Protection Plan, Part II, and staff is then requesting authorization to submit the Plan to the State Department of Health. Ms. Storlie reviewed a PowerPoint Presentation outlining Part II of the City's Wellhead Protection Plan; Part II is a devised plan based on the findings of Part I. The presentation included information on: - plan of action; - comment period; - public hearing requirement; - remaining steps (submission of Plan to the Department of Health, city implementation of the Plan, and use of the Plan as a living document to be updated again in ten years). Council Member Kusterman asked where the council can review the actual plan data and Ms. Storlie explained that the data is available for review and that city staff has reviewed it as well. Council Member Kusterman asked if there is anticipation of any challenge to the Plan at the state level and Ms. Storlie said no. Council Member Roeser noted that a good portion of the city has private wells and asked if there would be any impact on those situations? Ms. Storlie said that private wells do have an impact on the Plan and the document includes suggestions that the city can follow, such as education of private well owners. Mayor Reinert opened the public hearing at 7: 11 p.m. There being no one present wishing to speak, the public hearing was closed. Council Member Roeser moved to approve Resolution No. 15-25 as presented. Council Member Kusterman seconded the motion. Motion carried on a voice vote; Council Member Stoesz absent. 6B) Consider Resolution No. 15-21 Denying Rezoning of Property Located at 6966 and 6970 Lake Drive from R-1, Single Family Residential to R, Rural — City Planner Larsen noted that the city has received a request from the owners of this property for a rezoning that would allow the keeping of farm animals. Staff and the Planning and Zoning Board are recommending denial of the rezoning request but also recommend researching the possibility of amending the zoning ordinance to base the keeping of farm animals on lot size rather than on zoning district. She reviewed a PowerPoint Presentation that included information on the following: - the location; - the history of the property; - why the city became involved (a building permit was needed for a proposed accessory structure on the property); - where farm animals are allowed; - zoning in the area of this request (there are various uses along Lake Drive); - future land use map; - the Planning and Zoning Board consideration and action; - Findings. Ms. Larsen noted that the applicants, Robert and Carol Stanek, were present. Council Member Roeser noted that one option is to rezone the entire area to rural but that would impact area properties. He wonders how those neighbors would feel about a rezoning. Mayor Reinert noted that every situation seems to be different — Lino Lakes is a city that lends itself to that. He doesn't hear that the city council contends with the property owners plans and apparently the neighbors don't either. He feels the council is on the same track as the owners and this will be worked out. Applicant Robert Stanek addressed the council. He has lived on the property for more than 20 years and he chose it for the elbow room it offers. He and his wife don't want spot zoning but they want to keep the animals. He can assure the council that they don't intend to develop the land and actually much of the two lots are impacted by water. Council Member Rafferty moved to approve Resolution No. 15-21 as presented. Council Member Roeser seconded the motion. Motion carried on a voice vote; Council Member Stoesz absent. UNFINISHED BUSINESS There was no Unfinished Business. NEW BUSINESS Council Member Roeser noted that the city should look at updating the video equipment in the council chambers; he suggests discussion at an upcoming work session. Administrator Karlson responded that staff is planning for improvements and money is being set aside to fund that work. It would include upgrading the control room and the city council chambers equipment. COMMUNITY EVENTS LINO LAKES ELEMENTARY SCHOOL CARNIVAL This event will be held Saturday, March 21, 2015 from 10-3. MONTHLY RECYCLE DAY will be held at Lino Park (7850 Lake Drive) on Saturday, March 21 from 10:00 a.m. to 2:00 p.m. See city website for a list of accepted items. YOURGOV SERVICE REQUEST APPLICATION - The City has introduced a new application called YourGOV. This is an innovative application that allows residents to conveniently report non -emergency issues and service requests using the web or their smartphone. It can be used to report common issues like potholes, street lights, snow plow damage, or slippery intersections. You can go to the City's website and click the YourGOV logo to make a service request. You can also download the free YourGOV iPhone app. in the iTunes app. store. Users of Android enabled smartphones can download the YourGOV in the Google Play store. Once you have signed in, simply click on the YourGOV logo and follow the steps. Once the request is submitted, YourGOV will automatically deliver requests to the City's Public Services Department where they will be reviewed and routed to the appropriate department. Mayor Reinert added announcements about the Veterans Memorial Project and Emerald Ash Borer. Regarding preparations for Emerald Ash Borer infestation, Community Development Director Grochala noted that staff is working with the Twin Cities Tree Trust to make replacement trees available through a program for city residents. The mayor suggested that the program should allow people to order throughout the year but with a delivery period established as appropriate. He mentioned the possibility of utilizing the rec center land as a staging area. COMMUNITY CALENDAR 4- Wednesday, March 11 4- Monday, March 16 4- Monday, March 23 441- Monday, March 23 Community Calendar — A Look Ahead March 9, 2015 through March 23, 2015 6:30 pm, Council Chambers 6:30 pm, Community Room 6:00 pm, Community Room 6:30 pm, Council Chambers Planning & Zoning Jt. Mfg w/Advisory Bds Council Work Session City Council Meeting ADJOURN There being no further business, Council Member Kusterman moved to adjourn at 7:45 p.m. Council Member Roeser seconded the motion. Motion carried on a voice vote; Council Member Stoesz absent. These minutes were considered and approved at the regular Council Meeting, March 23, 2015. Julianne Bartell, City Clerk Jeff Reinert, Mayor STAFF ORIGINATOR: MEETING DATE: TOPIC: VOTE REQUIRED: INTRODUCTION AGENDA ITEM 1D Lisa Hogstad-Osterhues, Deputy Clerk March 23, 2015 Consider Adoption of Resolution No. 15-27, Approving an application for a Temporary On -Sale Liquor License for the Chain of Lakes Rotary Club Simple Majority (3/5 Vote Required) The Chain of Lakes Rotary Club has scheduled their 4th Annual Chain of Giving fundraising event. The event is scheduled for Saturday, April 18, 2015 to be held at St. Joseph's Church, 171 Elm Street. The Chain of Lakes Rotary Club is requesting approval of a 1 to 4 Day Temporary On -Sale Liquor License to allow a cash bar as part of their catered dinner. BACKGROUND This type of license requires submission of an application to the city, that the request meets city ordinance requirements, and also that a background check be completed on the license applicant. Staff has reviewed the application and background and found no reason to deny the license. A copy of the application and the results of the background check are on file in the city clerk's office. The license fee has been paid, and a Certificate of Liability Insurance as required by the Department of Public Safety, Alcohol & Gambling Division has been submitted. RECOMMENDATION Approve Resolution No. 15-27 approving the Chain of Lakes Rotary Club application for a temporary on -sale liquor license. CITY OF LINO LAKES COUNTY OF ANOKA RESOLUTION NO. 15-27 APPROVING CHAIN OF LAKES ROTARY CLUB APPLICATION FOR A 1 TO 4 DAY TEMPORARY ON -SALE LIQUOR LICENSE WHEREAS, Minnesota Statutes, Section 340A, allows the city council to consider a temporary on -sale liquor license to a non-profit organization in connection with a social event sponsored by the licensee and held within the city limits; and WHEREAS, the Chain of Lakes Rotary Club has submitted an application to hold a fundraising event at St. Joseph Catholic Church, 171 Elm Street, on April 18, 2015; and WHEREAS, the Chain of Lakes Rotary Club has paid the required fee; and WHEREAS, the City of Lino Lakes has conducted a background check on the applicant; and WHEREAS, the Alcohol & Gambling Enforcement Division requires the application be approved by the City of Lino Lakes City Council before being submitted for approval to the Liquor Control Board; NOW, THEREFORE, BE IT RESOLVED that the Lino Lakes City Council hereby approves the request of the Chain of Lakes Rotary Club for a temporary on -sale liquor license. Adopted by the Council of the City of Lino Lakes this 23rd day of March, 2015. The motion for the adoption of the foregoing resolution was introduced by Council Member and was duly seconded by Council Member upon vote being taken thereon, the following voted in favor thereof: The following voted against same: Jeff Reinert, Mayor ATTEST: Julianne Bartell, City Clerk and CITY COUNCIL AGENDA ITEM lE STAFF ORIGINATOR: Lisa Hogstad-Osterhues, Deputy Clerk MEETING DATE: March 23, 2015 TOPIC: Resolution No. 15-28, Approving a Peddler License for Pro Star Tree Care VOTE REQUIRED: 3/5 BACKGROUND Pro Star Tree Care, 23012 Hawthorn Road, Pierz, has submitted a peddler's license application to the City Clerk's office. The company representative who would be working in Lino Lakes, Mr. Randy Lust, plans to travel through the Lino Lakes' neighborhoods going door to door handing out flyers and promoting tree services. The City has received all the necessary forms required to issue this company a license and indicates no reason to deny the application. The application and all other required information is on file in the City Clerk's office for review. RECOMMENDATION Approve Resolution No. 15-28, approving the issuance of a Peddler License for a six month period commencing March 24, 2015. CITY OF LINO LAKES COUNTY OF ANOKA RESOLUTION NO. 15-28 APPROVING A PEDDLER LICENSE FOR PRO STAR TREE CARE WHEREAS, Pro Star Tree Care has submitted a peddlers license application to the city clerk's office; and WHEREAS, Pro Star Tree Care has complied with all of the provisions of Chapter 613 of the Lino Lakes City Code for obtaining the necessary license for a for-profit business; and WHEREAS, a background check on the company representative Randy Lust has been completed in the past 12 months; NOW, THEREFORE, BE IT RESOLVED that the Lino Lakes City Council hereby approves the request of Mr. Randy Lust, owner of Pro Star Tree Care to sell services door to door for a period of six -months beginning March 24, 2015 and ending October 24, 2015. Adopted by the Council of the City of Lino Lakes this 23rd day of March, 2015. The motion for the adoption of the foregoing resolution was introduced by Council Member and was duly seconded by Council Member and upon vote being taken thereon, the following voted in favor thereof: The following voted against same: Jeff Reinert, Mayor ATTEST: Julianne Bartell, City Clerk STAFF ORIGINATOR: MEETING DATE: TOPIC: VOTE REQUIRED: INTRODUCTION CITY COUNCIL AGENDA ITEM 2A Al Rolek March 23, 2015 Public Hearing to Consider Resolution No. 15-30 Approving Property Tax Abatement Related to Fire Hall and Public Infrastructure Improvements in the City of Lino Lakes Simple Majority As part of the fire station project turn lanes and extension of the sewer trunk utility is necessary along Birch Street and Centerville Road. It is proposed to use the tax abatement process to finance these improvements. A public hearing has been scheduled for this evening to gather public input on the proposed tax abatement. BACKGROUND At the March City Council work session, Mikaela Huot of Springsted, Inc., made a presentation to the Council regarding the use of Tax Abatement as a financing mechanism for external street and utility improvements related to the new fire station facility. The process of tax abatement is an economic development tool used to finance city improvements. It identifies benefitting parcels with sufficient tax capacity to generate the amount needed to service the debt on city improvements. Property taxes are not actually `abated' on these properties, but the calculated amount of city property tax is then levied across the entire tax base of the city for payment of debt service. Terri Heaton of Springsted, Inc. will be in attendance to do a brief PowerPoint presentation to explain the tax abatement process to answer any questions that the City Council and/or the public may have. Mayor Reinert will then open the public hearing to take public comment on the proposed tax abatements. Following public comment the Council will consider Resolution 15-30 approving the property tax abatement related to the fire station and external public improvements. RECOMMENDATION Staff is recommending approval of Resolution No. 15-30. ATTACHMENTS Resolution 15-30 CITY OF LINO LAKES, MINNESOTA RESOLUTION NO. 15-30 RESOLUTION APPROVING PROPERTY TAX ABATEMENT RELATED TO FIRE HALL AND PUBLIC INFRASTRUCTURE IMPROVEMENTS IN THE CITY OF LINO LAKES BE IT RESOLVED By the City Council (the "Council") of the City of Lino Lakes, Minnesota (the "City"), as follows: Section 1. Recitals. 1.01. The City has contemplated granting a property tax abatement in order to aid in the acquisition, construction, and equipping of a fire hall in the City, including the construction of necessary public infrastructure (the "Project"), which will benefit certain property in the City, all pursuant to Minnesota Statutes, Sections 469.1812 through 469.1815, as amended (the "Act"). 1.02. Pursuant to Section 469.1813, subdivision 1 of the Act, the City may grant an abatement of all or a portion of the taxes imposed by the City on a parcel of property to pay for all or part of the cost of acquisition or construction of public facilities and to finance or provide public infrastructure, whether or not located on or adjacent to the parcel for which the tax is abated. 1.03. The City has identified fifty-three (53) parcels located in the City, identified in EXHIBIT A hereto (the "Abatement Property"), which will be benefitted by the Project and from which the City proposes to abate a portion of the City's share of taxes to help finance the Project, subject to all the terms and conditions of this resolution (the "Abatement"). The Abatement Property is not located in a tax increment financing district. 1.04. The City intends to issue its general obligation bonds, a portion of which will be designated as tax abatement bonds in the approximate aggregate principal amount of $495,000 (the "Abatement Bonds") and will be issued to pay the costs of the Project pursuant to the Act. The Abatement Bonds are expected to be paid primarily through the collection of Abatement revenues. 1.05. On the date hereof, the Council conducted a duly noticed public hearing on the Abatement at which the views of all interested persons were heard. Section 2. Findings. 2.01. It is hereby found and determined that the benefits to the City from the Abatement will be at least equal to the costs to the City of the Abatement for the following reasons: (a) The Abatement will help finance the Project, which is necessary to provide or help acquire or construct public facilities in the City, help provide access to services for residents of the City, and finance or provide public infrastructure in a way that will strengthen the local economy, preserve natural resources, and ensure a high quality of life for residents of the City. 458392v1 JAE LN140-115 (b) The Project will help preserve and increase the value of the Abatement Property, thereby helping to generate additional City tax revenues over the long term after the expiration of the Abatement. 2.02. It is hereby found and determined that the Abatement is in the public interest for the following reasons: (a) The Abatement will increase or preserve tax base by stimulating development and helping to maintain values in the area, as set forth above. (b) The Abatement will provide or help acquire or construct public facilities in the City, help provide access to services for residents of the City, and finance or provide public infrastructure, which will protect the general health and welfare of the community and contribute to the quality of life in the City by maintaining public infrastructure and facilities in proper working order. Section 3. Actions Ratified; Abatement Approved. 3.01. The Council hereby ratifies all actions of the City's staff and consultants in arranging for approval of this resolution in accordance with the Act. 3.02. Subject to the provisions of the Act, the Abatement is hereby approved and adopted subject to the following terms and conditions: (a) The term "Abatement" means the City's share of the real property taxes generated from the land and improvements on the Abatement Property, in the amounts described in this Section: (i) The aggregate Abatement paid by the City during the term of this resolution will not exceed the amount necessary to pay 105% of the principal of and interest on the Abatement Bonds, up to a maximum of $585,806.35. (ii) Notwithstanding anything to the contrary herein, the Abatement payable on any August 1 and subsequent February 1, combined, will not exceed the amount produced by extending the City's total tax rate for the applicable year against the tax capacity of the Abatement Property, as of January 2 in the prior year. (iii) In accordance with Section 469.1813, subdivision 8 of the Act, in no year shall the Abatement, together with all other abatements approved by the City under the Act and paid in that year, exceed the greater of 10% of the City's levy for that year or $200,000 (the "Abatement Volume Cap"). The City may grant any other abatements permitted under the Act after the date of this resolution, provided that to the extent the total abatements in any year exceed the Abatement Cap, the allocation of Abatement Cap to such other abatements is subordinate to the Abatements under this resolution. (b) The Abatement will be for a term of ten (10) years, and the City will pay the Abatement in semiannual installments each August 1 and February 1, commencing August 1, 2016, and continuing through August 1, 2025. The City will pay the Abatement solely to finance the cost of the Project, through application of Abatement amounts toward debt service payments on the Abatement Bonds (including any bonds issued to refund the initial Abatement Bonds). 458392v1 JAE LN140-115 2 (c) This resolution may be modified only with the prior written approval of the City, and any modification is subject to Section 469.1813, subdivision 7 of the Act. (d) In accordance with Section 469.1815 of the Act, the City will add to its levy in each year during the term of the Abatement the total estimated amount of current year Abatement granted under this resolution. 3.03. The Mayor and City Administrator are authorized and directed to execute and deliver any agreements, certificates or other documents that the City determines are necessary to implement this resolution. Approved by the City Council of the City of Lino Lakes, Minnesota, this 23' day of March, 2015. The motion for adoption of the foregoing resolution was introduced by Council Member and was duly seconded by Council Member and upon a vote being taken thereon, the following voted in favor thereof: The following voted against same: Jeff Reinert, Mayor Attest: City Clerk 458392v1 JAE LN140-115 3 Parcel Identification Numbers: 27-31-22-41-0029 27-31-22-41-0030 27-31-22-41-0031 27-31-22-41-0032 27-31-22-41-0033 27-31-22-41-0034 27-31-22-41-0035 27-31-22-41-0038 27-31-22-41-0039 27-31-22-41-0040 27-31-22-41-0041 27-31-22-41-0042 27-31-22-41-0043 27-31-22-41-0044 27-31-22-41-0045 27-31-22-41-0046 27-31-22-41-0047 27-31-22-41-0048 458392v1 JAE LN140-115 EXHIBIT A ABATEMENT PROPERTY 27-31-22-41-0049 27-31-22-41-0050 27-31-22-44-0023 27-31-22-44-0024 27-31-22-44-0025 27-31-22-44-0026 27-31-22-44-0027 27-31-22-44-0028 27-31-22-44-0029 A-1 27-31-22-44-0030 27-31-22-44-0031 27-31-22-44-0032 27-31-22-44-0033 27-31-22-44-0034 27-31-22-44-0035 27-31-22-44-0036 27-31-22-44-0022 27-31-22-44-0021 27-31-22-44-0020 27-31-22-44-0019 27-31-22-44-0018 27-31-22-44-0017 27-31-22-44-0016 27-31-22-44-0015 27-31-22-44-0014 27-31-22-44-0013 27-31-22-44-0012 27-31-22-44-0011 27-31-22-44-0010 27-31-22-44-0009 27-31-22-44-0008 27-31-22-44-0007 27-31-22-44-0006 27-31-22-44-0005 27-31-22-44-0004 STAFF ORIGINATOR: MEETING DATE: TOPIC: VOTE REQUIRED: INTRODUCTION CITY COUNCIL AGENDA ITEM 2B Al Rolek March 23, 2015 Consider Resolution No. 15-31 Providing for the Issuance and Sale of General Obligation Bonds, Series 2015A, in the Proposed Aggregate Principal Amount of $3,645,000 Simple Majority The City of Lino Lakes will be undertaking street reconstruction projects and other street and improvements projects in 2015. The construction cost of these projects will need to be financed through the issuance of debt. The City has retained Springsted, Inc. to advise on the type and amount of debt to be issued for these projects. BACKGROUND In November, 2014 the voters of the City of Lino Lakes approved a referendum to issue up to $3,150,000 in Street Reconstruction bonds to reconstruct streets in the Shenandoah area. Additionally, the construction of a new fire station facility has made it necessary to add turn lanes and extend sewer trunk utility in the Birch Street and Centerville Road area. Earlier this evening the City Council held a public hearing and took action to approve tax abatements to finance the fire station infrastructure improvements. The City's fiscal advisor, Springsted, Inc., has made its recommendations for the issuance General Obligation bonds to finance these improvements. Terri Heaton of Springsted, Inc. will be present to explain the process for issuing the bonds and to answer any questions that the City Council may have relative to the recommended financing. Approval of Resolution 15-31 provides for the issuance and sale of General Obligation Bonds, Series 2015A, in the proposed aggregate principal amount of $3,645,000. RECOMMENDATION Staff is recommending approval of Resolution No. 15-31. ATTACHMENTS Resolution 15-31 N O 0 T City of Lino Lakes, Minnesota Recommendations for Issuance of Bonds $3,645,000 General Obligation Bonds, Series 2015A The Council has under consideration the issuance of bonds to fund various road and street improvements and related infrastructure improvements. The Bonds are structured as two purposes; Abatement Bonds and Street Reconstruction Bonds as further described herein. This document provides information relative to the proposed issuance. KEY EVENTS: The following summary schedule includes the timing of some of the key events that will occur relative to the bond issuance. March 23, 2015 Week of April 13, 2015 Week of April 20, 2015 April 27, 2015, 10:00 a.m. April 27, 2015, 6:30 p.m. May 28, 2015 Council sets sale date and terms for the Bonds Rating conference is conducted Receipt of rating Competitive proposals are received Council considers award of the Bonds Proceeds are received RATING: An application will be made to Standard & Poor's Rating Services for a rating on the Bonds. The City's general obligation debt is currently rated "AA" by S&P. THE MARKET: Performance of the tax-exempt market is often measured by the Bond Buyer's Index ("BBI") which measures the yield of high grade municipal bonds in the 20th year for general obligation bonds (the BBI 20 Bond Index) and the 30th year for revenue bonds (the BBI 25 Bond Index). The following chart illustrates these two indices over the past five years. BBI 25 -bond (Revenue) and 20 -bond (G.0.) Rates for 5 Years Ending 311212015 5.5% 5.0% 45% 4.O'% 5% 112101 5 20 band. 3.62% , i -+tea_ A 1 A.. A !id.; 9 5 ■ ■ 1'hw l 1.1 • { .1) <09' ,vp h y NL 41' �'1P � � 4 ^=' 19 a� ,ppb yb 5pringsted Dates ----BBI 25 80fl0 —BBI 20 B6n Prep ieI by ,Sprir7gsted Prneooporated POST ISSUANCE The issuance of the Bonds will result in post -issuance compliance responsibilities. The responsibilities COMPLIANCE: are in two primary areas: i) compliance with federal arbitrage requirements and ii) compliance with secondary disclosure requirements. Federal arbitrage requirements include a wide range of implications that have been taken into account as your issue has been structured. Post -issuance compliance responsibilities for your tax-exempt issue include both rebate and yield restriction provisions of the IRS Code. In very general terms the arbitrage requirements control the earnings on unexpended bond proceeds, including investment earnings, moneys held for debt service payments (which are considered to be proceeds under the IRS regulations), and/or reserves. Under certain circumstances any "excess earnings" will need to be paid to the IRS to maintain the tax-exempt status of the Bonds. Any interest earnings on gross bond proceeds or debt service funds should not be spent until it has been determined based on actual facts that they are not "excess earnings" as defined by the IRS Code. The arbitrage rules provide spend -down exceptions for proceeds that are spent within either a 6 -month, 18 -month or 24 -month period in accordance with certain spending criteria. Proceeds that qualify for an exception will be exempt from rebate. These exceptions are based on actual expenditures and not based on reasonable expectations, and expenditures, including any investment proceeds will have to meet the spending criteria to qualify for the exclusion. The City expects to meet the 18 -month spending exception. Regardless of whether an issue qualifies for an exemption from the rebate provisions, yield restriction provisions will apply to the debt service fund under certain conditions and any unspent bond proceeds remaining after three years. These funds should be monitored throughout the life of the Bonds. Secondary disclosure requirements result from an SEC requirement that underwriters provide ongoing disclosure information to investors. To meet this requirement, any prospective underwriter will require the City to commit to providing the information needed to comply under a continuing disclosure agreement. Springsted has entered into an Agreement for Municipal Advisor Services with the City under which Springsted provides arbitrage and continuing disclosure compliance services. PURPOSE: Proceeds of the Bonds will be used to finance the following: Abatement Bonds — improvements to County Road No. 2 and related sanitary and water main improvements. These improvements are related to the construction of the City's new fire hall. The total projected cost of the abatement projects is $830,900 of which the City is contributing cash of $355,980 from Trunk Highway funds. Street Reconstruction Bonds — various street reconstruction projects and related upgrades of the existing storm water management system designated as the Shenandoah Area Improvements as described in the City's Five -Year Street Reconstruction Plan (2015-2019). Springsted Page 2 AUTHORITY: Statutory Authority: Abatement Bonds are being issued pursuant to Minnesota Statutes, Chapter 475 and Sections 469.1812 through 469.1815. Street Reconstruction Bonds are being issued pursuant to Minnesota Statues, Chapter 475 and the City's Five -Year Street Reconstruction Plan (2015-2019). Statutory Requirements: Abatement Bonds — On March 23, 2015 the City Council will be asked to adopt a resolution approving the property tax abatement denoting certain properties benefitting from the improvements which using the City's tax rate would generate enough taxes to pay for the abatement levy (the "Abatements") in the City for a period of ten years and a maximum principal amount of $495,000. The projected abatement levy will be sufficient to pay the principal and interest on the Abatement Bonds. The public hearing approving the abatement will be held on March 23, 2015. The annual maximum amount of abatement by the City cannot exceed the greater of 10% of the net tax capacity of the City or $200,000. Based on the City's 2013/2014 net tax capacity of $17,766,193, the greater amount is $1,776,619. The City has one outstanding abatement bond issue, together the projected maximum annual tax abatement including the Abatement Bonds is estimated to be $635,440, which is well within the statutory limits. Street Reconstruction Bonds - Pursuant to Minnesota Statutes, Section 475.58, the City held a special election on November 4, 2014 approving the issuance of the Street Reconstruction Bonds in a maximum principal amount of $3,150,000 and adopting a five-year street reconstruction plan. SECURITY AND The Bonds will be general obligations of the City, secured by its full faith and credit and taxing power. SOURCE OF Annual principal and interest payments on the Bonds will be made from a combination of ad valorem PAYMENT: property taxes and tax abatement levy as further described below. Abatement Bonds — Debt service on the Abatement Bonds will be repaid with an abatement tax levy. The City will make their first levy in 2015 for collection in 2016. Each year's collection of tax abatement revenue will be used to make the August 1 interest payment due in the collection year and the Febraury 1 principal and interest payment due in the following year. The February 1, 2016 interest payment will be paid with capitalized interest including in the par amount of the Abatement Bonds. Street Reconstruction Bonds - The City will make their first levy in 2015 for collection in 2016. Each year's collection of taxes will be used to make the August 1 interest payment due in the collection year and the Febraury 1 principal and interest payment due in the following year. The February 1, 2016 interest payment will be paid with capitalized interest including in the par amount of the Street Reconstruction Bonds. STRUCTURING Abatement Bonds — At the direction of the City, debt service on the Abatement Bonds has been SUMMARY: structured with approximately level annual debt service requirements for a term of 10 years. Street Reconstruction Bonds - At the direction of the City, debt service on the Street Reconstruction Bonds has been structured with approximately level annual debt service requirements for a term of 15 years. Springsted Page 3 SCHEDULES ATTACHED: SALE TERMS AND MARKETING: Schedules attached for the Bonds include the sources and uses of funds and debt service schedules for the Bonds as a whole and by purpose. . Variability of Issue Size: A specific provision in the sale terms permits modifications to the issue size and/or maturity structure to customize the issue once the price and interest rates are set on the day of sale. Prepayment Provisions: Bonds maturing on or after February 1, 2024 may be prepaid at a price of par plus accrued interest on or after February 1, 2023. Bank Qualification: The City does not expect to issue more than $10 million in tax-exempt obligations that count against the $10 million limit for 2015; therefore, the Bonds are designated as bank qualified. Good Faith Deposit: The lowest bidder will be required to provide a good faith deposit within a specified time after receipt of proposals. The good faith deposit will be deducted from the purchase price otherwise due at the time of closing. In the event the lowest bidder fails to comply with the accepted bid proposal, the Issuer will retain the good faith deposit. RISKS/SPECIAL The outcome of this financing will rely on the market conditions at the time of the sale. Any projections CONSIDERATIONS: included herein are estimates based on current market conditions. 5pringsted Page 4 $3,645,000 City of Lino Lakes, Minnesota General Obligation Bonds, Series 2015A Total Issue Sources And Uses Dated 05/28/2015 i Delivered 05/28/2015 Street Reconstruction Abatement Issue Bonds Bonds Summary Sources Of Funds Par Amount of Bonds $3,150,000.00 $495,000.00 $3,645,000.00 Trunk Highway Cash Contribution 355,980.00 355,980.00 Total Sources $3,150,000.00 $850,980.00 $4,000,980.00 Uses Of Funds Deposit to Project Fund 3,024,356.81 - 3,024,356.81 Deposit to Project Construction Fund - 830,980.00 830,980.00 Costs of Issuance 48,395.06 7,604.94 56,000.00 Deposit to Capitalized Interest (CIF) Fund 45,748.13 5,938.31 51,686.44 Total Underwriter's Discount (1.000%) 31,500.00 4,950.00 36,450.00 Rounding Amount 1,506.75 1,506.75 Total Uses $3,150,000.00 $850,980.00 $4,000,980.00 2015.4 GO Bonds Issue Sunmiarn 3/16/2015 3:14 PM Springsted Page 5 $3,645,000 City of Lino Lakes, Minnesota General Obligation Bonds, Series 2015A NET DEBT SERVICE SCHEDULE Date Principal Coupon Interest Total P+I CIF Net New DIS 105% Abatement Required Overlevy Revenue Levy 02/01/2016 51,686.44 51,686.44 (51,686.44) 02101/2017 230,000.00 0.850% 76,572.50 306,572.50 306,572.50 321,901.13 56,487.38 265,413.75 02/01/2018 235,000.00 1.150% 74,617.50 309,617.50 309,617.50 325,098.38 56,085.75 269,012.63 0210112019 235,000.00 1.350% 71,915.00 306,915.00 306,915.00 322,260.75 55,542.38 266,718.38 02/01/2020 240,000.00 1.550% 68,742.50 308,742.50 308,742.50 324,179.63 60,154.50 264,025.13 02/01/2021 245,000.00 1.750% 65,022.50 310,022.50 310,022.50 325,523.63 59,340.75 266,182.88 02/01/2022 250,000.00 1.850% 60,735.00 310,735.00 310,735.00 326,271.75 58,422.00 267,849.75 02/01/2023 255,000.00 2.000% 56,110.00 311,110.00 - 311,110.00 326,665.50 57,450.75 269,214.75 02/01/2024 255,000.00 2.150% 51,010.00 306,010.00 306,010.00 321,310.50 56,400.75 264,909.75 02/01/2025 265,000.00 2.350% 45,527.50 310,527.50 310,527.50 326,053.88 60,522.00 265,531.88 0210112026 270,000.00 2.450% 39,300.00 309,300.00 309,300.00 324,765.00 59,164.88 265,600.13 02/01/2027 220,000.00 2.600% 32,685.00 252,685.00 252,685.00 265,319.25 265,319.25 02/01/2028 225,000.00 2.700% 26,965.00 251,965.00 251,965.00 264,563.25 264,563.25 02/01/2029 235,000.00 2.800% 20,890.00 255,890.00 - 255,890.00 268,684.50 268,684.50 02/01/2030 240,000.00 2.900% 14,310.00 254,310.00 - 254,310.00 267,025.50 267,025.50 0210112031 245,000.00 3.000% 7,350.00 252,350.00 - 252,350.00 264,967.50 264,967.50 Total $3,645,000.00 $763,438.94 $4,408,438.94 (51,686.44) $4,356,752.50 $4,574,590.13 $579,571.13 $3,995,019.00 SIGNIFICANT DATES Dated Date Delivery Date First Coupon Date Yield Statistics Bond Year Dollars Average Life Average Coupon 5/28/2015 5/28/2015 2/01/2016 $31,670.38 8.689 Years 2.4105775% Net Interest Cost (NEC) 2.5256693% True Interest Cost (TIC) 2.5190115% Bond Yield for Arbitrage Purposes 2.3882282% All Inclusive Cost (AIC) 2.7235030% IRS Form 8038 Net Interest Cost 2.4105775% Weighted Average Maturity 8.689 Years 2015A GO Bonds &sue SllnIInn1T' 3/442015 334 PM Springsted Page 6 $3,150,000 City of Lino Lakes, Minnesota General Obligation Bonds, Series 2015A Street Reconstruction Bonds NET DEBT SERVICE SCHEDULE Date Principal Coupon Interest Total P+I CIF Net New D/S 105% Overlevy 02/01/2016 - 45,748.13 45,748.13 (45,748.13) 02/01/2017 185,000.00 0.850% 67,775.00 252,775.00 - 252,775.00 265,413.75 02/01/2018 190,000.00 1.150% 66,202.50 256,202.50 256,202.50 269,012.63 02/01/2019 190,000.00 1.350% 64,017.50 254,017.50 254,017.50 266,718.38 02/01/2020 190,000.00 1.550% 61,452.50 251,452.50 251,452.50 264,025.13 02/01/2021 195,000.00 1.750% 58,507.50 253,507.50 253,507.50 266,182.88 02/01/2022 200,000.00 1.850% 55,095.00 255,095.00 - 255,095.00 267,849.75 02/01/2023 205,000.00 2.000% 51,395.00 256,395.00 256,395.00 269,214.75 02/01/2024 205,000.00 2.150% 47,295.00 252,295.00 252,295.00 264,909.75 02/01/2025 210,000.00 2.350% 42,887.50 252,887.50 252,887.50 265,531.88 02/01/2026 215,000.00 2.450% 37,952.50 252,952.50 252,952.50 265,600.13 02/01/2027 220,000.00 2.600% 32,685.00 252,685.00 252,685.00 265,319.25 02/01/2028 225,000.00 2.700% 26,965.00 251,965.00 251,965.00 264,563.25 02/01/2029 235,000.00 2.800% 20,890.00 255,890.00 255,890.00 268,684.50 02/01/2030 240,000.00 2.900% 14,310.00 254,310.00 - 254,310.00 267,025.50 02/01/2031 245,000.00 3.000% 7,350.00 252,350.00 252,350.00 264,967.50 Total $3,150,000.00 - $700,528.13 $3,850,528.13 (45,748.13) $3,804,780.00 $3,995,019.00 SIGNIFICANT DATES Dated Date 5/28/2015 Delivery Date 5/28/2015 First Coupon Date 2/01/2016 Yield Statistics Bond Year Dollars $28,521.25 Average Life 9.054 Years Average Coupon 2.4561621% Net Interest Cost (NIC) 2.5666061% True Interest Cost (TIC) 2.5604046% Bond Yield for Arbitrage Purposes 2.3882282% All Inclusive Cost (AIC) 2.7579228% IRS Form 8038 Net Interest Cost 2.4561621% Weighted Average Maturity 9.054 Years 2015A GO Bonds Street Reconstruction Boni 3/16/2015 3:17PM Springsted Page 7 $495, 000 City of Lino Lakes, Minnesota General Obligation Bonds, Series 2015A Abatement Bonds NET DEBT SERVICE SCHEDULE Date Principal Coupon Interest Total P+I CIF Net New D/S 105% Overlevy 02/01/2016 - - 5,938.31 5,938.31 02/01/2017 45,000.00 0.850% 8,797.50 53,797.50 02/01/2018 45,000.00 1.150% 8,415.00 53,415.00 02/01/2019 45,000.00 1.350% 7,897.50 52,897.50 02/01/2020 50,000.00 1.550% 7,290.00 57,290.00 02/01/2021 50,000.00 1.750% 6,515.00 56,515.00 02/01/2022 50,000.00 1.850% 5,640.00 55,640.00 02/01/2023 50,000.00 2.000% 4,715.00 54,715.00 02/01/2024 50,000.00 2.150% 3,715.00 53,715.00 02/01/2025 55,000.00 2.350% 2,640.00 57,640.00 02/01/2026 55,000.00 2.450% 1,347.50 56,347.50 (5,938.31) 53,797.50 53,415.00 52,897.50 57,290.00 56,515.00 55,640.00 54,715.00 53,715.00 57,640.00 56,347.50 56,487.38 56,085.75 55,542.38 60,154.50 59,340.75 58,422.00 57,450.75 56,400.75 60,522.00 59,164.88 Total $495,000.00 - $62,910.81 $557,910.81 (5,938.31) $551,972.50 $579,571.13 SIGNIFICANT DATES Dated Date 5/28/2015 Delivery Date 5/28/2015 First Coupon Date 2/01/2016 Yield Statistics Bond Year Dollars $3,149.13 Average Life 6.362 Years Average Coupon 1.9977235% Net Interest Cost (NIC) 2.1549100% True Interest Cost (TIC) 2.1579056% Bond Yield for Arbitrage Purposes 2.3882282% All Inclusive Cost (AIC) 2.4242403% IRS Form 8038 Net Interest Cost 1.9977235% Weighted Average Maturity 6.362 Years 2015,4 GO Bonds I Abatement Bonds 1 3/76/2015 1 3:17PM 5pringsted Page 8 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, March 23, 2015, commencing at 6:30 P.M. The following members of the Council were present: Roeser, Rafferty, Kusterman, Stoesz, and Reinert and the following were absent: None *** 458637v1 JAE LN140-115 RESOLUTION NO. 15-31 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF GENERAL OBLIGATION BONDS, SERIES 2015A, IN THE PROPOSED AGGREGATE PRINCIPAL AMOUNT OF $3,645,000 BE IT RESOLVED By the City Council of the City of Lino Lakes, Anoka County, Minnesota (the "City") as follows: 1. Abatement Bonds. (a) The City has detelliined to acquire, construct, and equip a new fire hall in the City, including the construction of necessary public infrastructure (the "Project"). (b) Under Minnesota Statutes, Chapter 475, as amended, and Sections 469.1812 through 469.1815 (collectively, the "Abatement Act"), the City is authorized to grant a property tax abatement on specified parcels in order to accomplish certain public purposes, including the provision or construction of public infrastructure. (c) Pursuant to a resolution adopted by the City Council of the City on the date hereof (the "Abatement Resolution") following a duly noticed public hearing, the City Council approved a property tax abatement (the "Abatements") for certain property in the City (the "Abatement Parcels") over a period of ten (10) years, in an amount sufficient to pay the principal amount of and interest on bonds issued to finance the Project in a maximum principal amount of $495,000. (d) In the Abatement Resolution, the City found and determined that the Project benefits the Abatement Parcels, and that the maximum principal amount of bonds to be secured by Abatements does not exceed the estimated sum of Abatements from the Abatement Parcels for the term authorized under the Abatement Resolution. (e) It is necessary and expedient to the sound financial management of the affairs of the City to issue its obligations in the aggregate principal amount of $495,000 (the "Abatement Bonds") pursuant to the Abatement Act, to provide financing for the Project. 2. Street Reconstruction Bonds. (a) At a duly called special election held on November 4, 2014, the voters of the City approved the issuance and sale by the City of general obligation bonds in the maximum aggregate principal amount of $3,150,000, pursuant to Minnesota Statutes, Chapter 475, as amended (the "Municipal Debt Act"), to provide funds for street reconstruction and related upgrades of the existing storm water management system designated as the Shenandoah Area Improvements described in the City's Five -Year Street Reconstruction Plan (2015-2019) (the "Street Reconstruction"). (e) It is necessary and expedient to the sound financial management of the affairs of the City to issue its obligations in the aggregate principal amount of $3,150,000 (the "Street Reconstruction Bonds"), pursuant to the Municipal Debt Act, to provide financing for the Street Reconstruction. 2 458637v1 JAE LN140-115 3. Sale of Bonds. (a) It is necessary and expedient to the sound financial management of the affairs of the City to issue its General Obligation Bonds, Series 2015A (the `Bonds"), in the proposed aggregate principal amount of $3,645,000, pursuant to the Abatement Act and the Municipal Debt Act (collectively, the "Act") to provide financing for the Project and the Street Reconstruction. The Bonds will be issued, sold, and delivered in accordance with the Terms of Proposal attached hereto as EXHIBIT A (the "Terms of Proposal"). (b) The City is authorized by Section 475.60, subdivision 2(9) of the Act to negotiate the sale of the Bonds, it being determined that the City has retained an independent financial advisor in connection with such sale. 4. Authority of Municipal Advisor. Springsted Incorporated is authorized and directed to negotiate the Bonds on behalf of the City in accordance with the Terms of Proposal. The City Council will meet at 6:30 P.M. on Monday, April 27, 2015, to consider proposals on the Bonds and take any other appropriate action with respect to the Bonds. 5. Authority of Bond Counsel. The law firm of Kennedy & Graven, Chartered, as bond counsel for the City, is authorized to act as bond counsel and to assist in the preparation and review of necessary documents, certificates and instruments relating to the Bonds. The officers, employees and agents of the City are hereby authorized to assist Kennedy & Graven, Chartered in the preparation of such documents, certificates, and instruments. 6. Covenants. In the resolution awarding the sale of the Bonds the City Council will set forth the covenants and undertakings required by the Act. 7. Official Statement. In connection with the sale of the Bonds, the officers or employees of the City are authorized and directed to cooperate with Springsted Incorporated and participate in the preparation of an official statement for the Bonds and to execute and deliver it on behalf of the City upon its completion. (The remainder of this page is intentionally left blank.) 3 458637v1 JAE LN140-115 Approved by the City Council of the City of Lino Lakes, Minnesota, this 23rd day of March, 2015. The motion for adoption of the foregoing resolution was introduced by Council Member was duly seconded by Council Member and upon a vote being taken thereon, the following voted in favor thereof: The following voted against same: Jeff Reinert, Mayor Attest: City Clerk 4 458637v1 JAE LN140-115 EXHIBIT A TERMS OF PROPOSAL A-1 458637v1 JAE LN140-115 THE CITY HAS AUTHORIZED SPRINGSTED L\C'ORPORATED TO NEGOTIATE THIS ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS: TERMS OF PROPOSAL $3,645,000* CITY OF LINO L_AK"ES, MINNESOTA GENERAL OBLIGATION BONDS, SERIES 2015A (BOOK ENTRY ONLY) Proposals for the Bonds will be received on Monday, April 27, 2015, until 10:00 A.M., Central Time, at the offices of Springsted Incorporated, 380 Jackson Street, Suite 300. Saint Paul, Minnesota, after which time proposals will be opened and tabulated. Consideration for award of the Bonds will be by the City Council at 6:30 P.M., Central Time, of the same day. SUBMISSION OF PROPOSALS Springsted will assume no liability for the inability of the bidder to reach Springsted prior to the time of sale specified above. All bidders are advised that each proposal shall be deemed to constitute a contract between the bidder and the City to purchase the Bonds regardless of the manner in which the proposal is submitted. (a) Sealed Bidding. Proposals may be submitted in a sealed envelope or by fax (651) 223-3046 to Springsted_ Signed proposals, without final price or coupons. may be submitted to Springsted prior to the time of sale. The bidder shall be responsible for submitting to Springsted the final proposal price and coupons, by telephone (651) 223-3000 or fax (651) 223-3046 for inclusion in the submitted proposal. OR (b) Electronic Bidtlin2. Notice is hereby given that electronic proposals will be received via PARITY'. For purposes of the electronic bidding process, the time as maintained by PARITY* shall constitute the official time with respect to all proposals submitted to PARITY. Each bidder shall be solely responsible for making necessary an angements to access PARITe for purposes of submitting its electronic proposal in a timely manner and in compliance with the requirements of the Terms of proposal. Neither the City, its agents nor PARITY shall have any duty or obligation to undertake registration to bid for any prospective bidder or to provide or ensure electronic access to any qualified prospective bidder, and neither the City, its agents nor PARITY shall be responsible for a bidder's failure to register to bid or for any failure in the proper operation of. or have any liability for any delays or interruptions of or any damages caused by the services of PARITY, The City is using the services of PARITY solely as a communication mechanism to conduct the electronic bidding for the Bonds, and PARITY' is not an agent of the City. If any provisions of this Terns of proposal conflict with information provided by PARITY*", this Terms of proposal shall control. Further information about PARITY, including any fee charged, may be obtained from: PARITY', 1359 Broadway, 2°1 Floor, New York, New York 10018 Customer Support: (212) 849-5000 • Preliminary; subject to change. -i- A-2 458637v1 JAE LN140-115 DETAILS OF THE BONDS The Bonds will be dated as of the date of delivery and will bear interest payable on February 1 and August 1 of each year, commencing February 1, 2016. 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: 2017 $230,000 2020 $240.000 2023 $255,000 2026 $270,000 2029 $235,000 2018 $235,000 2021 $245.000 2024 $255,000 2027 $220.000 2030 $240,000 2019 $235,000 2022 $250.000 2025 S265,000 2028 $225,000 2031 $245,000 * The City reserves the right, after proposals are opened and prior to award, to increase or reduce the principal amount of the Bonds or the amount of any maturity in multiples of 55,000. In the event the amount of any maturity is modified, the aggregate purchase price will be adjusted to result in the same gross spread per 51,000 of Bonds as that of the original proposal Gross spread is the differential between the price paid to the City for the new issue and the prices at which the securities are initially offered ered to the investing public. Proposals for the Bonds may contain a maturity schedule providing for a combination of serial bonds and term bonds. All teen bonds shall be subject to mandatory sinking fund redemption at a price of par plus accrued interest to the date of redemption scheduled to conform to the maturity schedule set forth above. 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 m 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 m the principal amount of $5,000 or any multiple thereof of a single maturity through book entries made on the books and records of DTC and its participants. Principal and interest are payable by the registrar to DTC or its nominee as registered owner of the Bonds. Transfer of principal and interest payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest payments to beneficial owners by participants will be the responsibility of such participants and other nominees of beneficial owners. The purchaser, as a condition of delivery of the Bonds, will be required to deposit the Bonds with DTC. REGISTRAR The City will name the registrar which shall be subject to applicable SEC regulations. The City will pay for the services of the registrar. OPTIONAL REDEMPTION The City may elect on February 1, 2023, and on any day thereafter, to prepay Bonds due on or after February 1, 2024. 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 detemune 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. A-3 458637v1 JAE LN140-115 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 abatement revenues from identified properties. The proceeds will be used to finance (i) various street reconstruction projects as identified in the City's 2015-2019 Street Reconstruction Plan, and (ii) various other road and street improvements within the City. BIDDING PARAMETERS Proposals shall be for not less than $3,608,550 plus accrued interest., if any, on the total principal amount of the Bonds. 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 1/100 or 1/8 of 1%. The initial price to the public for each maturity must be 98.0% or greater. 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_ GOOD FAITH DEPOSIT To have its proposal considered for award, the lowest bidder is required to submit a good faith deposit to the City in the amount of $36,450 (the "Deposit") no later than 1:00 P.M., Central Time on the day of sale. The Deposit may be delivered as described herein in the form of either (i) a certified or cashier's check payable to the City; or (ii) a wire transfer. The lowest bidder shall be solely responsible for the timely delivery of their Deposit whether by check or wire transfer. Neither the City nor Springsted Incorporated have any liability for delays in the receipt of the Deposit. If the Deposit is not received by the specified time, the City may, at its sole discretion, reject the proposal of the lowest bidder, direct the second lowest bidder to submit a Deposit, and thereafter award the sale to such bidder. Certified or Cashier's Check. A Deposit made by certified or cashier's check will be considered timely delivered to the City if it is made payable to the City and delivered to Springsted Incorporated, 380 Jackson Street, Suite 300, St. Paul, Minnesota 55101 by the specified time. Wire Transfer_ A Deposit made by wire will be considered timely delivered to the City upon submission of a federal wire reference number by the specified time. Wire transfer instructions will be available from Springsted Incorporated following the receipt and tabulation of proposals. The successful bidder must send an e-mail including the following information: (i) the federal reference number and time released; (ii) the amount of the wire transfer; and (iii) the issue to which it applies. Once an award has been made, the Deposit received from the lowest bidder (the "purchaser") will be retained by the City and no interest will accrue to the purchaser_ The amount of the Deposit will be deducted at settlement from the purchase price. In the event the purchaser fails to comply with the accepted proposal, said amount will be retained by the City. AWARD The Bonds will be awarded on the basis of the lowest interest rate to be determined on a true interest cost (TIC) basis calculated on the proposal prior to any adjustment made by the City. 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, (u) reject all proposals without cause, and (iii) reject any proposal that the City determines to have failed to comply with the terms herein. A-4 458637v1 JAE LN140-115 BOND INSURANCE AT PURCHASER'S OPTION The City has not applied for or pre -approved a commitment for any policy of municipal bond insurance with respect to the Bonds. If the Bonds qualify for municipal bond insurance and a bidder desires to purchase a policy, such indication, the maturities to be insured, and the name of the desired insurer must be set forth on the bidder's proposal. The City specifically reserves the right to reject any bid specifying municipal bond insurance, even though such bid may result in the lowest TIC to the City. All costs associated with the issuance and administration of such policy and associated ratings and expenses (other than any independent rating requested by the City) shall be paid by the successful bidder. Failure of the municipal bond insurer to issue the policy after the award of the Bonds shall not constitute cause for failure or refusal by the successful bidder to accept delivery of 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 On or about May 28, 2015, 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 a Preliminary Official Statement containing pertinent information relative to the Bonds, and said Preliminary 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 Preliminary Official Statement or for any additional information prior to sale, any prospective purchaser is referred to the Municipal Advisor to the City, Springsted Incorporated, 380 Jackson Street. Suite 300, Saint Paul, Minnesota 55101, telephone (651) 223-3000. A-5 458637v1 JAE LN140-115 A Final Official Statement (as that term is defined in Rule 15c2-12) will be prepared, specifying the maturity dates, principal amounts and interest rates of the Bonds, together with any other information required by law. By awarding the Bonds to an underwriter or underwriting syndicate, the City agrees that, no more than seven business days after the date of such award, it shall provide without cost to the sole underwater or to the senior managing underwriter of the syndicate (the "Underwriter" for purposes of this paragraph) to which the Bonds are awarded up to 25 copies of the Final Official Statement. The City designates the 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_ Such Underwriter agrees that if its proposal is accepted by the City, (i) it shall accept 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 March 23, 2015 BY ORDER OF THE CITY COUNCIL -v- A-6 458637v1 JAE LN140-115 /s/ Julie Bartell City Clerk 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 (the "City"), 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, March 23, 2015, 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 the City's General Obligation Bonds, Series 2015A, in the proposed aggregate principal amount of $3,645,000. WITNESS My hand as City Clerk and the corporate seal of the City this 24th day of March, 2015. City Clerk City of Lino Lakes, Minnesota (SEAL) 458637v1 JAE LN140-115 STAFF ORIGINATOR: MEETING DATE: TOPIC: VOTE REQUIRED: INTRODUCTION CITY COUNCIL AGENDA ITEM 2C Al Rolek March 23, 2015 Consider Resolution No. 15-32 Approving the Issuance of Lease Revenue Bonds, Series 2015A, by the Lino Lakes Economic Development Authority in the Maximum Aggregate Principal Amount of $4,885,000 Simple Majority The City of Lino Lakes has entered into a contract to construct a fire station building at the corner of Birch Street and Centerville Road. The construction cost of the building will need to be financed through the issuance of debt. The City has retained Springsted, Inc. to advise on the type and amount of debt to be issued for this project. BACKGROUND The City of Lino Lakes is in the process of organizing a fire department to provide fire protection in the City. Fire services are scheduled to begin in January, 2016. It has been determined that a second fire station will be needed to adequately cover the service area. The City Council has provided for the design of a new fire station and has advertised for and awarded a bid to Jorgenson Construction to build the new facility. The City's fiscal advisor, Springsted, Inc., has recommended the issuance of Lease Revenue bonds through the City's Economic Development Authority (EDA) to finance the cost of construction. Earlier this evening the EDA approved a resolution providing for the issuance of Lease Revenue bonds for this project. Terri Heaton of Springsted, Inc. will be present to explain the process for issuing the bonds and to answer any questions that the City Council may have relative to the recommended financing. Approval of Resolution 15-32 approves the issuance and sale of Lease Revenue Bonds, Series 2015A, by the EDA in the maximum aggregate principal amount of $4,885,000, subject to certain parameters. RECOMMENDATION Staff is recommending approval of Resolution No. 15-32. ATTACHMENTS Resolution 15-32 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, March 23, 2015, commencing at 6:30 P.M. The following members of the Council were present: Roeser, Rafferty, Kusterman, Stoesz, and Reinert and the following were absent: None 458673v1 JAE LN140-112 RESOLUTION NO. 15-32 RESOLUTION APPROVING THE ISSUANCE OF LEASE REVENUE BONDS, SERIES 2015A, BY THE LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY IN THE MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF $4,885,000 BE IT RESOLVED By the City Council of the City of Lino Lakes, Anoka County, Minnesota (the "City") as follows: 1. Background; Authorization. (a) The City and the Lino Lakes Economic Development Authority (the "Authority") have determined that it is in the best interests of the City and its residents that the City undertake the acquisition, construction, and equipping of a new fire hall (the "Facility") to be located in the City (the "Project"). (b) The Authority has proposed to finance the Project through the issuance and sale by the Authority of its Lease Revenue Bonds, Series 2015A (the "Bonds"), in the maximum aggregate principal amount of $4,885,000. (c) The issuance of the Bonds by the Authority is authorized under Minnesota Statutes, Section 469.103, and in connection with the issuance and sale of the Bonds, the City intends to enter into a ground lease between the City, as lessor, and the Authority, as lessee, regarding the real property on which the Facility is located (the "Ground Lease"), and a lease -purchase agreement between the Authority, as lessor, and the City, as lessee (the "Lease"), all pursuant to Minnesota Statutes, Section 465.71, as amended. (d) Pursuant to the Lease, the City intends to lease the Facility from the Authority and pay lease payments to the Authority in the amount necessary to pay debt service on the Bonds, subject to the City's right of non -appropriation in each fiscal year. 2. Approvals. (a) The City hereby approves the issuance by the Authority of the Bonds based on the parameters set forth in the resolution entitled "Resolution Providing for the Issuance and Sale of Lease Revenue Bonds, Series 2015A, in the Maximum Aggregate Principal Amount of $5,400,000, Subject to Certain Parameters; Fixing Their Form and Specifications; Directing Their Execution and Delivery; and Providing for Their Payment," approved by the Board of Commissioners of the Authority on the date hereof. The Bonds are hereby authorized by the City to be issued by the Authority in the maximum aggregate principal amount of $4,885,000. (b) The City Council shall meet on April 27, 2015 to consider for approval the forms of the Lease, the Ground Lease, and any other documents deemed necessary for the issuance of the Bonds, which documents will be drafted by the City's and the Authority's bond counsel, Kennedy & Graven, Chartered. 458673v1 JAE LN140-112 2 Approved by the City Council of the City of Lino Lakes, Minnesota, this 23rd day of March, 2015. The motion for adoption of the foregoing resolution was introduced by Council Member and was duly seconded by Council Member and upon a vote being taken thereon, the following voted in favor thereof: The following voted against same: Jeff Reinert, Mayor Attest: City Clerk 458673v1 JAE LN140-112 3 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 (the "City"), 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, March 23, 2015, 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 by the Lino Lakes Economic Development Authority (the "Authority") of the Authority's Lease Revenue Bonds, Series 2015A, in the maximum aggregate principal amount of $4,885,000. WITNESS My hand as City Clerk and the corporate seal of the City this 24th day of March, 2015. City Clerk City of Lino Lakes, Minnesota (SEAL) 458673v1 JAE LN140-112 CITY COUNCIL AGENDA ITEM 3A STAFF ORIGINATOR: Jeff Karlson MEETING DATE: March 23, 2015 TOPIC: Labor Agreement with Sergeants Unit, LELS Local No. 260 VOTE REQUIRED: 3/5 INTRODUCTION The Council is being asked to consider approval of a collective bargaining agreement between the City and Law Enforcement Labor Services (LELS) Local No. 260, which represents the police sergeants. BACKGROUND Representatives from the City and LELS participated in a mediation session through the Bureau of Mediation Services on March 10, 2015. Following two hours of negotiations, the two sides reached a tentative one-year agreement, which the sergeants voted to approve on March 13. The sergeants agreed to the following terms: 1. WAGES: Two percent plus 1.5% market adjustment retroactive to January 1, 2015. 2. HEALTH INSURANCE: Article 17.1 revised to read: a) Effective January 1, 2015, Employer will contribute $423.44 toward the monthly premium for single coverage and $981.18 toward the monthly premium for family coverage. b) The Employer's contribution for the Health Savings Account (HSA) toward the annual deductibles is $1,000 for single coverage and $2,500 for family coverage. c) The cash option for waiving health insurance coverage is $300. RECOMMENDATION Authorize execution of 2015 labor agreement between the City of Lino Lakes and LELS Local No. 260. CITY COUNCIL AGENDA ITEM 4A STAFF ORIGINATOR: Public Safety Director John Swenson MEETING DATE: March 23, 2015 TOPIC: Hire Paid On -Call Firefighters VOTE REQUIRED: 3/5 INTRODUCTION The Lino Lakes Public Safety Department is requesting council approval to hire paid on-call firefighters. BACKGROUND As directed by Council Resolution 14-50 staff is integrating fire operations into the Public Safety Department. Staff has been engaged in a fire recruiting and hiring process for paid on- call firefighter candidates as part of the integration process. The hiring process has been extensive including an interview process, background investigation, medical and psychological examinations, and drug screen. This process has identified candidates that will continue the Public Safety Department's proud tradition of delivering high quality services to the Lino Lakes Community. RECOMMENDATION Staff recommends the Council approve the hiring of James Chapman and Ian Kapets for the position paid on-call firefighter effective April 8, 2015. ATTACHMENTS None CITY COUNCIL AGENDA ITEM 6A STAFF ORIGINATOR: Michael Grochala MEETING DATE: March 23, 2015 TOPIC: Consider Resolution No. 15-29, Authorizing Preparation of Plans and Specifications, Aqua Lane Trunk Water Main Improvements VOTE REQUIRED: Simple Majority INTRODUCTION Staff is requesting council authorization to prepare plans and specifications for the Aqua Lane Trunk Water Main Improvements BACKGROUND The 2030 Comprehensive Plan identifies trunk water main improvements to strengthen the City's municipal water system. The proposed Aqua Lane Trunk Water Main project will extend the existing trunk water main along Aqua Lane and connect with water main extended north of Black Duck Drive. This project is a critical component of our system that completes a major loop and provides redundancy between Tower No. 1 and the well fields located in the southern part of the city. This connection is currently served solely by an existing trunk line along Hodgson Road. The City Engineer, WSB and Associates, has submitted a proposal to provide final design and bidding services for the proposed improvements in the amount of $49,350.00. The estimated construction cost of the project is $1,030,000. The project will be funded though the Trunk Area and Unit Fund. RECOMMENDATION Staff is recommending approval of Resolution No. 15-29 authorizing preparation of plans and specifications. ATTACHMENTS 1. Resolution No. 15-29 2. Project Location Map 3. WSB Proposal CITY OF LINO LAKES RESOLUTION NO. 15-29 RESOLUTION AUTHORIZING PREPARATION OF PLANS AND SPECIFICATIONS AQUA LANE TRUNK WATER MAIN IMPROVEMENTS WHEREAS, the City's Comprehensive Plan identifies the need for improvements to the municipal water system to enhance and provide redundancy to the City's fire protection, water volume, and flow; and WHEREAS, the extension of water main from Aqua Lane to Black Duck Drive has been identified as a necessary extension of the City's trunk water system; and WHEREAS, the City Council finds that it would be in the best interests of the city to proceed with the preparation of plans and specifications. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LINO LAKES, MINNESOTA: 1. WSB and Associates, Inc., is hereby designated as the engineer for this improvement. The engineer shall prepare plans and specifications for the making of such improvement. 2. City staff is authorized to execute a professional services agreement with WSB and Associates, Inc., in the amount of $49,350.00. Adopted by the Council of the City of Lino Lakes this 23rd day of March, 2015. The motion for the adoption of the foregoing resolution was introduced by Council Member and was duly seconded by Council Member and upon vote being taken thereon, the following voted in favor thereof: The following voted against same: Jeff Reinert, Mayor ATTEST: Julianne Bartell, City Clerk Whereupon said resolution was declared duly passed and adopted. 2 LO p Ono Water Network Structures Structure Type anclosed Storage Facility ® Meter Station ■ Production Well — Abandoned Water Mains —Active Water Mains ,:';1. ` ' Project Area ,ra�, (. 1 T LNOLAKES Aqua Lane Trunk Water Main Improvement WSB & Asce` engineering • planning • environmental • construction 701 Xenia Avenue South Suite 300 Minneapolis, MN 55416 Tel: 763-541-4800 Fax: 763-541-1700 March 13, 2015 Mr. Michael Grochala Community Development Director City of Lino Lakes 600 Town Center Parkway Lino Lakes, MN 55014 Re: Request for Proposal for the Aqua Lane Trunk Water Main Extension Project City of Lino Lakes, MN Dear Mr. Grochala: The City of Lino Lakes is requesting assistance with design of its Aqua Lane Trunk Water Main Extension Project. The City's water main distribution system is currently isolated into two zones, delineated mainly by the Rice Creek chain of lakes located in the central region of the City. The proposed trunk water main will interconnect the City's two water distribution systems and provide a vital link to enhance and provide redundancy to the City's fire protection, water volume, and flow. The length of the trunk water main is approximately 1.5 miles as shown in Exhibit A (see attached). Based on the discussions with staff, WSB would perform the following tasks: 1. Preliminary Design WSB will provide the resources, experience, and knowledge to deliver the preliminary design phase for this project. Our scope of services for this phase is outlined below: • Coordinate with Anoka County Park and Recreation staff • Coordinate geotechnical evaluation • Provide topographic survey • Collect all private and public Utility Data using GSOC • Prepare preliminary Opinion of Probable Cost • Prepare preliminary plans and/or maps indicating the project alignment Equal Opportunity Employer wsbeng.com IC102029-8801AdminlContractlproposa112015 LAKE DR WMEXT PROPOSAL PRELIMINARY3 13 15.doc Mr. Michael Grochala March 13, 2015 Page 2 2. Prepare Permits, Specifications, and Bidding Documents WSB will assist the City in obtaining approvals from governmental authorities having jurisdiction over the project if it is determined that they are needed. WSB will assist the City in preparing permit application(s) and/or approval requests and will assist the City with submitting the applications/approval requests to the appropriate regulatory agencies. Permit applications and/or agency review submittals are anticipated for: (1) USACE, (2) DNR, (3) RCWD, (4) MDH, and (5) Anoka County. WSB will develop the final project plans/maps and specifications based on the agency review comments. This task will include an internal QA/QC review of the final plans, quantities, and specifications. Upon completion of permitting and agency review and approval, a final set of construction documents will be prepared for bidding. WSB will print, assemble, and submit the final contract documents to the City and request authorization to advertise the project for bidding. WSB will receive and respond to bidder inquiries concerning the plans, specifications, and intent of the project. Logs of all inquiries will be kept and maintained to document inquiries. WSB will attend the project bid opening with the City. WSB will review the low bidder's bid proposal, contractor's and subcontractor's personnel proposed for the project and relative experience, quality and availability of equipment, performance on similar projects, references, nature and extent of other similar contracts, whether or not the contractor or subcontractors have ever been denied contract award, and any other information that would affect the ability of the contractor to perform the work. 3. Construction Services WSB & Associates, Inc. will provide a separate proposal to the City for construction services once the final plans are completed and limits are known. The engineering fee to complete the Aqua Lane Trunk Water Main Extension Project is $49,350 (not to exceed). This letter represents our complete understanding of the Aqua Lane Trunk Water Main Extension Project and the proposed scope of services. If you are in agreement with the scope of services and proposed fee, please sign in the appropriate space below and return one copy to us. K.102029-8801Admin1Conbacilproposa112015 LAKE DR WMEXT PROPOSAL PRELIMINARY3 13 15.doc Mr. Michael Grochala March 13, 2015 Page 3 If you have any questions about this proposal, please feel free to call me at 763-512-5243. Sincerely, WSB & Associates, Inc. S447 Brad A. Reifsteck, PE Senior Project Manager Attachment srb ACCEPTED BY: The City of Lino Lakes hereby accepts the WSB proposal of $49,350 for all services outlined in this letter. City of Lino Lakes Name Title Date K.102029-8801Admin1Contrnctlproposa112015 LAKE DR WMEXTPROPOSAL PRELIMINARY3 13 15.doc 1111111 Elm St Z.. Zr ®a _■=Mr — Is "_ F c.=>, =ME _—J■tpMtlp ■ r-7®WM L ®s-aa■eIM▪ ENWMa Pap Legend Proposed Gate Valves Proposed Hydrants ii1Proposed Watermain CITY, O F LINO LAKES PROPOSED WATERMAIN LINO LAKES, MINNESOTA N 0 500 1,000 Feet A WSB & Associates, /nc.