Loading...
HomeMy WebLinkAbout10/24/2023LAUDERDALE CITY COUNCIL METING AGENDA 7:00 P.M. TUESDAY, OCTOBER 24, 2023 LAUDERDALE CITY HALL, 1891 WALNUT STREET The City Council is meeting as a legislative body to conduct the business of the City according to Robert's Rules of Order and the Standing Rules of Order and Business of the City Council. Unless so ordered by the Mayor, citizen participation is limited to the times indicated and always within the prescribed rules of conduct for public input at meetings. 1. CALL TO ORDER THE LAUDERDALE CITY COUNCIL MEETING 2. ROLL CALL 3. APPROVALS a. Agenda b. Minutes of the October 10, 2023 City Council Meetings c. Claims Totaling $20,639.70 4. CONSENT a. September Financial Report b. Third Quarter Investment Report 5. SPECIAL ORDER OF BUSINESS/RECOGNITIONS/PROCLAMATIONS 6. INFORMATIONAL PRESENTATIONS / REPORTS a. City Council Updates 7. PUBLIC HEARINGS Public hearings are conducted so that the public affected by a proposal may have input into the decision. During hearings all affected residents will be given an opportunity to speak pursuant to the Robert's Rules of Order and the standing rules of order and business of the City Council. a. Public Hearing on the Approval of a Housing Program for a Multifamily Housing Development and the Issuance of Revenue Obligations known as the AGRA Project to be constructed in the City of Minneapolis — Resolution No. 102423A b. Conditional Use Permit Application for 2520 Larpenteur Avenue West c. Tree Abatement at 1836 Carl Street — Resolution No. 102423B 8. DISCUSSION / ACTION ITEM a. Long -Term Planning Session with Victoria Holthaus of AEM Financial Solutions b. Adopting and Certifying Liens for Delinquent Utilities and Unpaid Services -Resolution No. 102423C 9. ITEMS REMOVED FROM THE CONSENT AGENDA 10. ADDITIONAL ITEMS 11. SET AGENDA FOR NEXT MEETING a. Smoking in Public Parks Draft Ordinance b. Conditional Use Permit Approval or Denial Resolution for 2520 Larpenteur Avenue West 12. WORK SESSION a. Community Development Update b. Opportunity for the Public to Address the City Council Any member of the public may speak at this time on any item not on the agenda. In consideration for the public attending the meeting, this portion of the meeting will be limited to fifteen (15) minutes. Individuals are requested to limit their comments to three (3) minutes or less. If the majority of the Council determines that additional time on a specific issue is warranted, then discussion on that issue shall be continued at the end of the agenda. Before addressing the City Council, members of the public are asked to step up to the microphone, give their name, address, and state the subject to be discussed. All remarks shall be addressed to the Council as a whole and not to any member thereof. No person other than members of the Council and the person having the floor shall be permitted to enter any discussion without permission of the presiding officer. Your participation, as prescribed by the Robert's Rules of Order and the standing rules of order and business of the City Council, is welcomed and your cooperation is greatly appreciated. 13. ADJOURNMENT To provide public comments, join us via Zoom. You are invited to a Zoom webinar. When: Oct 24, 2023 07:00 PM Central Time (US and Canada) Topic: October 24, 2023 Lauderdale City Council Webinar Please click the link below to join the webinar: https://us02web.zoom. us/j/85790298996?pwd=bDhLUDdOcFBpVU42enV jN 1 F1T08xQT09 Passcode: 367095 Or One tap mobile + 13017158592„85790298996# US (Washington DC) + 13052241968„85790298996# US Or Telephone: Dial(for higher quality, dial a number based on your current location): + 1 301 715 8592 US (Washington DC) + 1 305 224 1968 US +1 309 205 3325 US + 1 312 626 6799 US (Chicago) + 1 646 558 8656 US (New York) + l 669 900 9128 US (San Jose) + 1 253 215 8782 US (Tacoma) + 1 346 248 7799 US (Houston) Webinar ID: 857 9029 8996 International numbers available: https://us02web.zoom.us/u/kekCFjfVrZ LAUDERDALE CITY COUNCIL MEETING MINUTES Lauderdale City Hall 1891 Walnut Street Lauderdale, MN 55113 Page 1 of 2 October 10, 2023 Call to Order Mayor Pro Tem Dains called the Regular City Council meeting to order at 7:02 p.m. Roll Call Councilors present: Evan Sayre, Sharon Kelly, and Mayor Pro Tem Jeff Dains. Councilors absent: Duane Pulford and Mayor Mary Gaasch. Staff present: Heather Butkowski, City Administrator; Jim Bownik, Assistant to the City Administrator; and Miles Cline, Deputy City Clerk. Approvals Mayor Pro Tem Dains asked if there were any additions to the meeting agenda. There being none, Councilor Kelly moved and seconded by Councilor Sayre to approve the agenda. Motion carried unanimously. Mayor Pro Tem Dains asked if there were corrections to the minutes of the September 26, 2023 city council meeting. There being none, Councilor Sayre moved and seconded by Councilor Kelly to approve the minutes of the September 26, 2023 city council meeting. Motion carried unanimously. Mayor Pro Tem Dains asked if there were any questions on the claims. There being none, Councilor Sayre moved and seconded by Councilor Kelly to approve the claims totaling $118,905.97. Motion carried unanimously. Consent Councilor Kelly moved and seconded by Councilor Sayre to approve the Consent Agenda thereby approving Resolution No. 101023A — A Resolution Approving State of Minnesota Joint Powers Agreements with the City of Lauderdale on Behalf of its City Attorney and Police Department. Informational Presentations/Reports A. TH280 Improvements Planned by MNDOT — Presentation by Chris Bower, Metro Area Engineer Chris Bower, Metro District North Area Engineer for MNDOT, provided the City Council with updated plans for TH280. The Roseville public works director and Butkowski met with Bower at the end of June to discuss potential impacts of the project. Bower's presentation covered the most pressing issues include a partial closure at TH280 and Broadway Drive and bike / pedestrian access along the corridor. Construction is expected in 2026. LAUDERDALE CITY COUNCIL MEETING MINUTES Lauderdale City Hall 1891 Walnut Street Lauderdale, MN 55113 Page 2 of 2 October 10, 2023 B. City Council Updates Councilor Kelly shared that she attended the strategic plan announcement for Northeast Youth and Family Services. Set Agenda for Next Meeting Butkowski stated that the October 24 council meeting might include a September financial report, a public hearing on the approval of a housing program for a multifamily housing development and the issuance of revenue obligations known as the AGRA Project to be constructed in the City of Minneapolis, a long-term planning session with Victoria Holthaus of AEM Financial Solutions, a conditional use permit application for a tenant at 2520 Larpenteur Avenue, and a tree abatement on Carl Street. Work Session A. Community Development Update Assistant to the City Administrator Bownik updated the Council on plans for Halloween. City Hall will host a stop for Halloween this year on Tuesday, October 31 from 5-6 p.m. The event will be outdoors and feature decorations, candy, refreshments, and other activities. Butkowski shared that the Council will be taking a tour of the Corval building on Friday, October 13; the newsletter is in the mail; street sweeping will be happening in the upcoming weeks; the tree grant application was submitted to the DNR; the Metropolitan Council posted their grant application for private sewer line work which staff will complete; and the Metropolitan Council has funding for public I/I work which staff will submit an application for. Councilor Sayre asked if there was new about cities abilities to open cannabis stores. Staff said they were monitoring the idea in other cities. B. Opportunity for the Public to Address the City Council Mayor Pro Tem Dains opened the floor to those in attendance interested in addressing the Council. There being nobody interested in speaking, Mayor Pro Tem Dains closed the floor. Adj ournment Councilor Kelly moved and seconded by Councilor Sayre to adjourn the meeting at 8:03 p.m. Motion carried unanimously. Respectfully submitted, • 6 cfa Miles Cline Deputy City Clerk To: From: Meeting Date: Subject: CITY OF LAUDERDALE LAUDERDALE CITY HALL 189 1 WALNUT STREET LAUDERDALE, MN 55113 651-792-7650 651-631-2066 FAX Request for Council Action Mayor and City Council City Administrator October 24, 2023 List of Claims The claims totaling $20,639.70 are provided for City Council review and approval that includes check numbers 28640 to 28650. Accounts Payable Checks by Date -Detail by Check Date User: Printed: miles.cline 10/17/2023 12:12 PM Check No Vendor No Vendor Name Invoice No Description ACH 43 ACH 44 ACH 45 ACH 46 ACH 47 28640 373 6290180373 6290180373 28641 192 184220010 28642 272 1621768 Public Employees Retirement Association PR Batch 52100.10.2023 PERA Coordinated PR Batch 52100.10.2023 PERA Coordinated Check Date Reference 10/13/2023 PR Batch 52100.10.2023 PER PR Batch 52100.10.2023 PER Total for this ACH Check for Vendor 43: Minnesota Department of Revenue PR Batch 52100.10.2023 State Income Tax 10/13/2023 PR Batch 52100.10.2023 Statt Total for this ACH Check for Vendor 44: ICMA Retirement Corporation PR Batch 52100.10.2023 Deferred Comp PR Batch 52100.10.2023 Deferred Comp 10/13/2023 PR Batch 52100.10.2023 Def( PR Batch 52100.10.2023 Def.( Total for this ACH Check for Vendor 45: Internal Revenue Service PR Batch 52100.10.2023 FICA Employer Portio- PR Batch 52100.10.2023 FICA Employee Portio PR Batch 52100.10.2023 Medicare Employer Po PR Batch 52100.10.2023 Federal Income Tax PR Batch 52100.10.2023 Medicare Employee Pc 10/13/2023 PR Batch 52100.10.2023 FIC. PR Batch 52100.10.2023 FIC. PR Batch 52100.10.2023 Med PR Batch 52100.10.2023 Fed( PR Batch 52100.10.2023 Med Total for this ACH Check for Vendor 46: Public Employees Insurance Program PR Batch 52100.10.2023 Health Insurance PR Batch 52100.10.2023 Dental 10/13/2023 PR Batch 52100.10.2023 Hea PR Batch 52100.10.2023 Den Total for this ACH Check for Vendor 47: Total for 10/13/2023: ARAMARK Uniform & Career Apparel Gr 10/24/2023 October Uniforms October Uniforms Comcast Holdings Corporation October Internet Corporate Four Insurance Agengy 2023 Agent Fee AP Checks by Date - Detail by Check Date (10/17/2023 12:12 PM) Total for Check Number 28640: 10/24/2023 Total for Check Number 28641: 10/24/2023 • Total for Check Number 28642: Check Amount 1,253.08 1,086.00 2,339.08 759.00 759.00 1,658.42 1,215.17 2,873.59 1,120.61 1,120.61 262.07 2,167.70 262.07 4,933.06 2,788.45 85.20 2,873.65 13,778.38 19.45 19.44 38.89 413.00 413.00 1,200.00 1,200.00 Page 1 Check No Vendor No Invoice No 28643 409 13307 28644 144 102023 28645 79 SEP 1230252023 28646 12 2023-176 2023-176 2023-176 28647 398 3243399841 28648 5 619861-09-23 28649 90 9945728814 9945728814 9945728814 28650 74 847280459 847354619 847399363 847577694 847728854 847728854 847728854 847728854 Vendor Name Description indigital, Inc. Large Fonnat Files Scanning Check Date Reference 10/24/2023 Total for Check Number 28643: International City/County Management Ass 10/24/2023 ICMA Renewal - Heather Total for Check Number 28644: Minnesota Department of Labor & Industry 10/24/2023 3Q2023 Surcharge Report NineNorth September Virtual Meeting Charge September Virtual Meeting Production September Webstreaming & Archving O'Reilly Automotive Inc Mower Oil and Filter Premium Waters Inc September Water Bottles Verizon Wireless September Cell Phone September Cell Phone September Cell Phone Xcel Energy Larpenteur Bridge Lights September Street Lighting 2430 Larpenteur Avenue W Larpenteur Avenue 1917 Walnut Street 1885 Fulham Street 1917 Walnut Street 1885 Fulham Street AP Checks by Date - Detail by Check Date (10/17/2023 12:12 PM) Total for Check Number 28645: 10/24/2023 Total for Check Number 28646: 10/24/2023 Total for Check Number 28647: 10/24/2023 Total for Check Number 28648: 10/24/2023 Total for Check Number 28649: 10/24/2023 Total for Check Number 28650: Total for 10/24/2023: Report Total (16 checks): Check Amount 2,572.19 2,572.19 632.21 632.21 334.46 334.46 103.75 360.00 255.41 719.16 23.39 23.39 23.76 23.76 95.30 47.65 47.65 190.60 40.54 502.02 16.45 55.43 22.75 35.68 20.00 20.79 713.66 6,861.32 20,639.70 Page 2 LAUDERDALE COUNCIL ACTION FORM Action Requested Consent X Public Hearing Discussion Action Resolution Work Session Meeting Date October 24, 2023 ITEM NUMBER _Septe STAFF INITIAL r Financial Report_ APPROVED BY ADMINISTRATOR DESCRIPTION OF ISSUE AND PAST COUNCIL ACTION: Every month, staff provide the Council with an updated copy of the city's finances. Follow- ing are the revenue, expense, and cash balance reports for September 2023. OPTIONS: STAFF RECOMMENDATION: By approving the consent agenda, the Council acknowledges the city's financial report for September 2023. General Ledger Cash Balances User: heather.butkowski Printed: 10/12/2023 9:36:33 AM Period 09 - 09 Fiscal Year 2023 Description Account Beg Bal MTD Debit MTD Credit Current Balance Cash Change Fund Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash Current Assets Petty Cash Petty Cash 101-00000-000-10100 101-00000-000-10300 226-00000-000-10100 227-00000-000-10100 228-00000-000-10100 306-00000-000-10100 401-00000-000-10100 403-00000-000-10100 404-00000-000-10100 406-00000-000-10100 414-00000-000-10100 416-00000-000-10100 602-00000-000-10100 603-00000-000-10100 101-00000-000-10200 Investments - Fair Value 101-00000-000-10410 Adj Investments Grand Total -2,795,547.89 100.00 45,562.03 63,958.96 145,868.08 212,420.72 150,073.47 392,100.57 197,062.82 345,163.35 299,083.47 91,824.72 860,502.64 391,151.97 399,324.91 300.00 300.00 3,614,712.26 3,614,712.26 4,014,337.17 34,126.84 0.00 143.42 188.88 478.93 697.44 492.73 1,285.71 647.01 1,133.27 981.97 301.49 52,099.55 16,425.55 109,002.79 0.00 0.00 12,778.91 12,778.91 121,781.70 183,675.32 0.00 1,880.41 6,430.85 0.00 0.00 0.00 506.25 0.00 0.00 0.00 0.00 22,333.21 7,626.09 222,452.13 0.00 0.00 0.00 0.00 222,452.13 -2,945,096.37 100.00 43,825.04 57,716.99 146,347.01 213,118.16 150,566.20 392,880.03 197,709.83 346,296.62 300,065.44 92,126.21 890,268.98 399,951.43 285,875.57 300.00 300.00 3,627,491.17 3,627,491.17 3,913,666.74 GL - Cash Balances (10/12/2023 - 09:36 AM) Page 1 GO 3 O1 N O rin N 0 r-' ,_,O a' r-+ vC 41.2 1a Period 09 - 09 Fiscal Year 2023 % ExpendCollect v •immi - YTD Balance Current Period ima p4 0 •S, 1.a U C) Account Number General Fund C' tin C(NI ON p d' d-ON\Oto p O\ O O M tri O p to tVN\DN p ,-+ 1--+ d'OOON00 p CD C4 vn r4 M d; O Mtri Oa;O1-+ O 00 . ' M oo O O 00 \D [� O ON 00 G\ 00 r-+ O r-+ M ' CN vn ' N \D 0 0 0 00 00 p 01 N N \O d' p oOv;OQ\O\r-+ p 00 \O M M O\ O p N N N N p 01Ooo.'\DM to O \O N N r-+ v--+ O o00r-+to0N p O \OOMN\O p OI�Oct'MOZ p to \D to to GO ON o6 d' T-+ O O O O O O O p O O O4 O O O p r+000 O vn\DtnOO p -+,--��tnOIn O CD (NI fly-+ to g7 � t• N NCR, to 0 0) a a Q) 0) t v Eo cid 1_4 0 ca b A cti E, • U a) � • 0 cip 1x b psz 0 0 ,c N \D 00 O 00 \D a) 4) ni •--+tin 00 p r-+0000 p N O O N \O M O p 0 \D M O 00 00 \D O p N \D p N N d' p 1 Q\ '4 N 00 \D N O p O.\D\DO p 00 Ny� O p O O M N 0000 M 00 O N M O p (NI O M r- f o O . 1 r-+ \D \O .-r to \o N M tet- ,--+ ri O O O O p O O O O p N I c'i 0 �j \O a\ NO N N p to ' r-+ 00 Ci) Wr v) 000 • O up ca N O O 04 w O O General Fund GL - Revenue vs Expense (10/12/2023 - 09:37 AM) a) ca4 tJ C) CCS � �-1 a c) a) 0 0 P4 O yn doo R N N r--1 O 0.) a\ 0 O O .0 Fiscal Year 2023 % Expend/Collect YTD Balance Current Period 4) Pt Account Number O O p aM \ O O N a\ O N 0 0o O N N O v O O M r--+ v� ON O M 0 10 p O v p N O vn O O N p O O d' p O O mM 11 C4 a 0 0 Q) a F �-1 G.) 0 Q0) VD Z o.a c.) O i 49 up O X ••� Co) H x4 N U 0 A .1 0 10 TriM M N to N CD O O N 00 v-1 cD 01 10 O oo CC\OO O f O M p 00 O to p M O 00 p O NT M O 0000 06 kin N O \D O O •--+Oa\ 10 ! 1 cvj 10 r 'd' N 10 00 0 M N rmiCl O rmq '' M 10 00 41 wit (In O O 10 41: • 10 0000 N 1--1 e--1 1 O O N VD 4 a W N N GL - Revenue vs Expense (10/12/2023 - 09:37 AM) co 47t- cn M °` v N 4_'' O M � N N O N,,._,ON O i 1-4 d ' 1 CT 0 0 p›.‘ 0 o • C1-4 [-L4• % Expend/Collect YTD Balance Current Period Account Number O O 00 O 4 O 0 O ,--i O; Cr) O tic 1-1 N N (1) N 0 C4 0 4a) e4 0 N bQ .., > CD a) • aa)24 N 4 1 N M d' O N p 00 CD p C\ O 1-' 0 00 p 1/4O O d' p 71-'00 to N I ., M tifl or) O\ O N p M O kr) p O LA O 0 6 N N 0) U czt � o ca w as uo 0 bscl [) r0 r "> cy) a) 0 .a) o cid 04 cc rr)0U 00 1-4M N ON 00 0 00 N C. 00 0000 01 00 r -i rem( C1 00 00 00 M 1 O\ O etO N vD N GL - Revenue vs Expense (10/12/2023 - 09:37 AM) % Expend/Collect YTD Balance Current Period COPtt 0 �0 • a v C) 2 A 00 0(i).. bp M rd W 1) o M O N M r�-�-1 'I3 N 4 N ON N C- -000' 0 r8 0+3. ig ird 0 W ,��/ c)a.aaw Account Number N N o O M O Cr) O In 000 O 'd V) cN1 1 Oin 000 O M -7t' M O CA O 06 d' O p O p O CN 0 ,-, Tr O O In M riO O p N O O 'd' O 0 O •IN O p O O O In In e--1 00 ON 00 ON 00 1 O O e- 4 4 O M O 4 Nme O O O O O kri d' to a) di e4 o> e4 H cid a) 0 g a, a) O c4 a) N N GL - Revenue vs Expense (10/12/2023 - 09:37 AM) 00 bo 0 rd W I) ;--1 '4 e 0 00 :i ce v M °` ,- N '-' 0 M N N N ON O 0r --,ON i-4 c� Y -I Q\ Q) 0 o r• b -C rid aa[, % Expend/Collect YTD Balance Current Period cu iDLAPt0 0 •- a 0 a) A Account Number 0 o 0 0 0o 0 0 M O 0 O O 00 O O O 0 O O M 0 M 0 O 0 0 M O O O 0 O O M 0 0 0 0 O 0 O O O 0 O O O O N O d' cn 0 b4 C3 b cct cn 0 GJ •� U • •--1 cu U : U 0 0 $, a) 0 a a) Gg WOQ 0 0 0 0NNzr O 0 O 0 O O 0 O tn N cu s4 P14 0 0 0 0 O In N1 0 0 O O O O O 0 IA rmi 1 GO TIF Revenue Bonds 2018A 0 M GL - Revenue vs Expense (10/12/2023 - 09:37 AM) a) cai bJ W F� CC3 (1) LJ0 (24 I) % Expend/Collect YTD Balance Current Period .0 0.4 0 a Account Number 0 O 4) E 0 CIN 4 N g 0 CD tn 40. ri pp M pp 00 0 ri 0) 0 9-4 O 0 'd' N 1p In O O p 1 O O Otn N OOc oM O o tri cc; 'ct 14 00 N O O 'd' d0 N \D a W spuog 3uauzanoJdtuI V6TOZ 0 GL - Revenue vs Expense (10/12/2023 - 09:37 AM) O 1 O 0 N O 0 % Expend/Collect Q GCS • Pm( ct U a, U rt 0 0 .,.y a .� C) 1 z 0 v YTD Balance Current Period O O M p O � O CNP CN V) 0 V)0 .1..)0Ca cn •� > 0 j 0 O (1) 0 CC Ca C2 P4 b0 Cal U E 8 ai al G 4 w 0 cu A a 0 . ,_ 0(1-4 0 O N 0mzr 0 0 000 0 O O p O O p O p O O 00 O O p O O p O O p CD O O p O O p 000 000 p v 00 0 • U0 0) 0) 3 to O r-1 CD \4D C O O d' eN \40 0000 00 O r-1 O �D • • dam' (NI O M CD O N CN Nle O O 0 0 0 CD k/) M 00 00 a Q. W General Capital Projects O GL - Revenue vs Expense (10/12/2023 - 09:37 AM) c o b.10 seirCiW a T j"4) Q) V c 00 a1 O M rS4rirD N N a) vc O N d1-4IrT� a� ..o ICi� L +O-' O• �aa'w % Expend/Collect In I O N p OOH N o o O° oN Sgm4 Nr‘N YTD Balance Current Period a) Pt 0 O000 O O 06 O 00 N O r-' o O N O O In O 00 N r O O p O O O O 71 0) Q) N imeN 0 Owl E . n•' .. 1 4) ai a); cu bA U t88 a4 Acc O U O A -45 0 d N 00 N N 0000 06N N 00 O O O O O p O O o `Ocp n, o p to o O 00 O to vCD O O tri O O 00 O N O p \D O p O tn CD CD O O p O O p cci z •� 0) 0 cid ri) ai1.0 QO w U O O tn VD 00 0`40 0 o o \c N VD 00 trl 00iL O N tan N O O O a W \D 1t' 1N N Street Capital Projects O 00 bA a GL - Revenue vs Expense (10/12/2023 - 09:37 AM) CO M 0 M � O N O o vij CD ›m4 ' 0) �r aaw ct % Expend/Collect YTD Balance Current Period 4) Account Number 4) v .0, • 0 0 O N p O oo p CN CD O N pcD oo CD O h p 0 T1 O CN CD 1-4 O O O p VO COP Doo O Q) U a) o a � CI) p;GbA 0 cid Q U 4 N 00 \D N 0 scu 0) 4) ri CD CD 1 CD O O p O O p O O p O VD O ON 1 CD CD O O p O O 0 0 0 4) c, CA �__ 0 WCi) 00 00 N O O O O O cu w Park Capital Projects 0 GL - Revenue vs Expense (10/12/2023 - 09:37 AM) C) Q co i-" :_q M ►� �3 Q` Cj 4 _ o op r,oizicu_ Or1 a Period 09 - 09 Fiscal Year 2023 % Expend/Collect YTJ Balance Current Period b,Grcs Account Number Park Dedication (N1 M T �n If) N N N N N Ntri cri Cr) eesi r-1 T-1 Tel O 0 O O O O O dr 4 Park Dedication GL - Revenue vs Expense 0 0/12/2023 - 09:37 AM) c oo b.')A-4 rd W O M N en ('1 re Yrd (I)O i o N �-1O I .o _ O (1) 0 a);-: 4-d . 2 (*) CD �aaw % Expend/Collect YTD Balance Current Period 0) bLPcs Account Number 'd 0 co o 0 to O T T1 o Tr 0 0 0 ON O 0 O O O to N N N ( N N1 Nt-0 O O tr)O I O 06 a> N N T-+ 10 VD 00 VO O 0 CD 00 00 aN 00 1'4 VD LD 1 40) 0 0 0 ON 1-4 p v-4 O p O 'r"'1 00 00 00 ON o O o O O 00 O 1-4 O� d' 00 `O 0 bA, U 0 c� • U .r • 0 0 ni Li bA cci cn 0 C4 %" .0 U a(p , • v, 4) eD CI) U U U N 1 x A4 o g w w 1 1 Development 11 GL - Revenue vs Expense (10/12/2023 - 09:37 AM) n Irthsh14) Ibrajush '' 1616%;5'6ansa "144: Period 09 - 09 Fiscal Year 2023 % Expend/Collect YTD Balance Current Period 0 • .- Q Account Number O O p O O O 0 O 0 00 O 0 O 0 00 1-4 0 0 a) 0 O p O O c.) O O 0 0 o4 w O O Housing Redevelopment 1( C`1 b) P. 4) 0) d) cal It W 1 y7 C. -47i CD �--1 a l) LJ 0 00 Nts M 01 O Cr) O 4 N M r' O N O ca t-7;rds 4) • is 4 a) �aaw % Expend/Collect YTD Balance Current Period TIF District No. 1-2 O VD p o o O VD CD O In O O r-1 00 CD O 01 In O O 06 p 1-4 00 .-1 CD CN Op O 1.--1 M O O p O o O CDO M 10 00 .--1 11 00 rmi 00 VmmliN � O o T-1 O O en N O o N O O N In CD O O or) O O O O o O O p CD CD O O p O O O >, N d U S-4 N ) 0e 0 Ct C4 1-1 cl } M cl a 0 CN N N N 1 O O cu Sao WOUO N 0\ N d' 'Tr r.4O M TIF District No. 1-2 GL - Revenue vs Expense (10/12/2023 - 09:37 AM) kat I an. .° Tn 0ticti0 N QD O\ O O ridO 0 a Fiscal Year 2023 % Expend/Collect U i -r ct YTD Balance Current Period Pit 0 .,..t a) Account Number a) a) �a) al 0 :per24 cu C/) ai O O J00 0 O O O N p O t C N O d' M to `—' \D d- M O l `-4 M to CN M O vD O v' to 1 O VD to v --4O cl N kr)M O\ � M to cn cO M O O 0) U (1) CZ M O CN 10 r.O M O 0 O M 4a) 4) OrV r-+ O p M to O O p to 00 o0 0 p N am' O\ C\d'NO p O o0 r 0 p VD 0 00 01 N Cr) r -i 1 1-1 000 eNi 10 N NO O p N 00 o< 06 to 0 p N cV NVD� etO V M N N CNIN v—+ N N 0 p LC) 0Cr) 0 p oON00 O (NI 00 1D rt C7: eel 00 VD M 410 It ON v--1 N Cl 0 0 0 0 p 0 0 OTl O CNO O O CN 0 00 0 O N 00 N r4 N P W Sanitary Sewer O GL - Revenue vs Expense (10/12/2023 - 09:37 AM) 00 M O of M ✓ (NI N o0N 0, 4) L.: +� 0 s 5aaw % Expend/Collect YTD Balance Current Period C) Pas 1-4 pc 1 z 0 v A Storm Water O O\ O\ p O p O V 0 Mf" M_ M M (NI I O O O MVO p O I p Oeri M p M VD r CN O VO L O ON 00 p O tri O O d' M In .--+ r -t • 1 QD d) O 0 N ceLl...0-1 0 &) bA o bAdi T-4 bA U � 4J 1-4 0 0 N O O rmi CC,) 0) d - (OO VD CN CD O cIn o p 1-1 O O e- In O 0 p VD CD p o4 O p O; .--1 00 . 1 1 \0In00 p N Cl VO O p r-1 1--1 0; O p CD VD VD r-+ O VI N N C N O p M O 0\ O p dam' E.-- VD O ON 0\ O O O O p O O O O p 00000 p 00 O cA Q) .0 CO O 514 CO W as M 00 0000 00 [1) r--1 d' N N 00 N N M 00 Irk VO N 00 O O 00 O 00 '(3 CI C N . Ca 2 0 N FL)a U >. (4O 0 W O O 00 M Storm Water GL - Revenue vs Expense (10/12/2023 - 09:37 AM) bIJ k (1) (1.) Ct a) 1) 0 c:4 User: heather.butkowski Printed: 10/12/2023 9:37:48 AM C3\ O 0 0 •0 Fiscal Year 2023 % Expend/Collect U Ct ems CCS YTD Balance Current Period PCS Ra Account Number O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O 0 0 0 0 O O O O O O O O O 4 • O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O 0 O O O O O O O O O Miscellaneous Revenue Other Financing Sources a) to U rU o U >> U•up > U • °' O CA 0 WaOUQ Other Uses CiN utssia rwa swj i mamba fa_ 1 User: heather.butkowski Printed: 10/12/2023 9:37:48 AM Period 09 - 09 Fiscal Year 2023 % Expend/Collect YTD Balance Current Period Account Number GO.eIn \C N N0 00 00 O O N C\ N t" -- V; Ln r --i 00N I N N in a a O 00 ilzt r a \C NI t N 1-n M C\ M d' if: \D O a N NMeN O O O T-4 N r--4 1 O O O O O O toLn O 7tga to M N d' 'd' N M O O O M d' e---1 1 N CLS Cd 4 ) ,j .-.r O O as E -r [ 0 UprtieseO N Cr) \ 1O Cr) CN O (NI CN1 O sa• LT -1 cn 0 LAUDERDALE COUNCIL ACTION FORM Action Requested Consent X Public Hearing Discussion Action Resolution Work Session Meeting Date October 24, 2023 ITEM NUMBER 3Q23 Investment Report STAFF INITIAL APPROVED BY ADMINISTRATOR DESCRIPTION OF ISSUE AND PAST COUNCIL ACTION: Following is the Third Quarter Investment Report for 2023. OPTIONS: STAFF RECOMMENDATION: By approving the Consent Agenda, the Council acknowledges the investment report for July September 2023. COUNCIL ACTION: Third Quarter 2023 Investment Report INVESTMENTS As of September 30, 2023, the City had the following amounts with official depositories: North Star Bank 4M Fund RBC Dain Rauscher Northland Securities TOTAL 8% 23% 33% $ 295,524 1,302,310 900,000 1,425, 044 $ 3,922,878 2 North Star 4M Fund RBC Dain Rauscher Northland Securities DEPOSITORIES AND INVESTM [NT TYPES North Star Bank Checking Account $ 295,524 4M Fund Joint Powers Investment $ 1,302,310 RBC Dain Rauscher Money Market Account $ 0 US Government Securities 100,000 (1) Certificates of Deposit $ 800,000 (8) Northland Securities Money Market Account Certificates of Deposit $ 125,044 $ 1,300,000 (13) The City's Investment Policy sets some perimeters for investments, such as no more than 60% of the investment portfolio, or $2,000,000 (whichever is less) shall be invested with any one investment company. No investments shall be made with a term over ten years unless with prior approval from the City Council. 3 INVESTMENT TERM Liquid assets are money market accounts. 1-5 Years are made up of certificate of deposit and US Government Instrumentality Securities. 6-10 Years are US Government Instrumentality Securities. 11-15 Years are US Government Instrumentality Securities. 15+ Years are US Government Instrumentality Securities and bonds. US Government Instrumentality Securities are financial intermediaries established by the federal government to fund loans to certain groups of borrowers, such as homeowners, farmers and students. Most active issuers are Federal Home Loan Bank, Federal National Mortgage Association (Fannie Mae) and Tennessee valley Authority. Maturities range from three months to 30 years with fixed interest rates. 4 / 7 7-----7. EOY 2022 Investment Portfolio by Holding Period 50- 40- 30- 20- 0 z V ■ ■ ■ Liquid Accounts 1 Year 2 Years 3 Years 4 Years Third Quarter 2023 Investment Portfolio by Holding Period 40- 30- 20- 10- 0, 5 ■ ■ ■ Liquid Accounts 1 Year 2 Years 3 Years 4 Years INVESTMENT TYPES Money Market Bonds Certificates of Deposit US Government Securities US Government Securities Certificates of Deposit Bonds $ 1,427, 354 0 2,100, 000 100,000 Money Market Maturity Date Type 8/26/2025 8/11/2025 8/11/2025 8/11/2025 8/8/2025 8/8/2025 2/11/2025 2/11/2025 2/3/2025 2/3/2025 12/10/2024 8/27/2024 8/27/2024 8/26/2024 7/31/2024 6/17/2024 3/15/2024 2/12/2024 2/7/2024 2/2/2024 12/15/2023 10/4/2023 9/22/2023 9/6/2023 8/10/2023 7/31/2023 CD CD CD CD CD CD CD CD CD CD CD CD CD FA CD CD CD CD CD CD CD CD CD FA FA CD 7/31/2023 CD 7/28/2023 CD Investment Schedule Interest Investment Rate Broker 0.70% 5.05% 5.05% 5.05% 5.40% 5.40% 5.20% 5.20% 4.50% 4.50% 0.90% 0.50% 0.30% 0.30% 4.65% 0.70% 0.40% 0 20% 4.70% 4.65% 0.60% 4.00% 4.00% 4.30% 0.32% 0.25% 0.20% 0.25% N orthland Northland Northland Northland RBC RBC Northland N orthland RBC RBC N orthland RBC RBC RBC N orthland RBC N orthland N orthland N orthland N orthland RBC Northland Northland RBC RBC Northland RBC Northland Amount 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 100,100.00 100, 000.00 100, 000.00 100, 000.00 100, 000.00 Bank Toyota Savings Bank First Foundation Bank Sallie Mae Bank Townebank Portsmouth VA Incredible Bank US Bank Nat'I Morgan Stanley Bank Morgan Stanley Private Bank Wells Fargo Bank Nat'I Sandy Springs Synchrony Bank Medallion Bank Bank OZK Federal Home Loan Bank Manufacturers and Traders Merrick Bank Third Federal Savings TIAA FSB Jacksonville First Financial Bank First Liberty Bank Barclay's Bank Beal Bank BMO Harris Federal Home Loan Bank Federal Farm Credit Bank Transportation Alliance Bank Transportation Alliance Bank Goldman Sachs Investments in blue matured this quarter. Seven new investments were purchased this quarter. Staff plan to continue reinvesting in better yielding investments as CDs mature. However, the City will continue to hold the lower yielding investments purchased during the early days of the COVID until they mature through 2024. 7 INTERFST LARNINGS The following chart shows the interest earnings since 2005 with 2007 being our best year with earnings of $161,884. Investment interest earned through 2022 totaled $26,938.40. Investment interest through third quarter 2023 totaled $75,981.54. Most of the increase is from higher yields at the 4M Fund. 180,000 160,000 140,000 120,000 100,000 60,000 40,000 0. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0(13 03 o't O% 015 ^O ^^ ^' ^`5 ^04 ^i") NCO ^'1/4 N� �°) 1O �.^ �.` 1 4" 3 (O (O (O 1O ,yO (O �O ,c)19' qO rO rO 8 N a) to 1 1 1 4 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 -C 0 L D a -5 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1CO 1 CO O 0 0 0 0 0 0 0 0 0 0 0 0 O (D (D O 0 0 0 0 0 0 0 0 0 0 0 0 O CD O M I I 1 1 1 1 1 (L) V o 0 0 0 0 0 0 0 0 0 0 0 0 0 •V U o a) 0 0 0 0 0 0 0 0 0 0 0 0 0) C N 0 0 0 0 0 0 0 0 0 0 0 0 0 a) RSco O O 6 0 0 0 0 0 0 0 0 0 0 6 co r CO 0 0 0 0 0 0 0 0 0 0 0 r a) — N r r r r r r r r r r r r <t N r ti r CO CO 'd 1` 1 1 O N N N 0 1'- M CO r r r Cr a) r 0 'it t!) 0 r N -t-- 'ct O CO r 4f0 r` M 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 I t 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 V 0 0 0 0 O O O O r 0 0 0 0 0 r 0 0 0 0 0 0 0 0 0 0 0 0 0 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 r r r r r r r r r r r r r M .--r )00 N N Co N c CO• • 1 1 1 1 1 1 1 1 (• 1 1 1 1 1 1 1 • CD 1 1 1 a) a) N (v U) (0 L -0r U7 O t- 'ct � U) M r 0 Cr Q o o O O i O 1 3 11 4 4 1 1 1 1 4 4 1 1 1 1 1 1 2 I 4 0 4-.-• 0 0 O O O 0 C 0 0 0 H CO 0ril CD N N (n CO CO L• 1 4 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 /1 01 O N N (/) C to tI) C — O (0 00 0 H N N CO N N 0 N CO CO (O 0 CO (n 1 • 1 1 1 4 1 4 1 4 0• I 1 1 I 1 4 4 UP 0 1 I Cr) a) (1) 0 N- 0 N CO r 0 0 to TO (J) O O O O O O r r N N 0 0 0 0 a) 4 1 1 1 1 1 1 1 O• 1 1 O O 0 1 1 1 1 1 1 1 1 1 0) 0 0 0 O (0 O O O O .c O O O O o O O O O 0 0 O O 0 CL r r r CO 100,000.00 - - - - 100,000.00 - - - - - 42.47 - - 42.47 - 25.48 - - 25.48 - 150.00 - - 150.00 - 59.45 - - 59.45 - 160.00 - - 160.00 - 15.89 - - 15.89 - 100,076.03 - - 76.03 200,000.00 100,529.32 - - 529.32 - - 100,529.32 400,000.00 1,673.61 - - - - 1,766.66 - - 100,529.32 400,000.00 3,440.27 C() cD r 0 to From "Cash Balances" Report Investments 3,709,287.57 Fund 101 Balance 2,990,026.82 719,260.75 Investments 3,709,287.57 Interest 5,016.55 New Balance 3,714,304.12 0 O O 0 0_ 0 CD ti 301,058.64 301,058.64 00'000100g 00 0 0 0 0 0 0 0 0 0 0 0 0 h 0 O O 0 0 0 0 0 0 0 0 0 f` a) 0 t` O i 1 1 1 1 O 1 O O 1 1 0 0 0 0 0 0 0 0 1 h U N ' o O O O 0 0 0 0 0 0 0 'd0 C N a) 0 O O O O O O 0 O 0 0 a) M O O 6 O O 0 0 0 0 0 0 0 O M 0 O 0 0 O 0 0 0 0 0 0 0 0 C T- [la —M r r r r r r r r r r r '1'r r - r 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 1 1 1 1 ' O O O O O O O O O O O O O 1 O 0 0 0 0 0 0 0 0 0 0 0 `--' 0 0 0 0 0 0 r 0 0 0 0 0 0 r O O O O O O O O O O O O 6 0 0 0 0 0 0 0 0 0 0 0 0 0 r r r r r r r r r r r N - r *t Co a) �t 1` r 1` U) 41 M (D CO 0 r O N O O a) CO r 0) t` In N r 3,909,287.57 Balance Transfers Transfers Interest/ 12/31/2022 Purchases Sales in out Dividends 207,971.50 - 101,277.13 - 699.07 100,000.00 - - - - - 100,000.00 - - - - - 100,000.00 - - - - - 100,000.00 - - - - - 100,000.00 - - - - - 100,000.00 - - - - - 100,000.00 - 41.78 - - 41.78 100,000.00 - 126.03 - - 126.03 100,000.00 - 25.48 - - 25.48 100,000.00 - - - - - 100,000.00 - 126.03 - - 126.03 100,000.00 - 100,957.81 - - 957.81 1,407,971.50 - 101,277.13 101,277.13 - 1,976.20 - - 101,076.99 101,076.99 - - - - 42.47 - - 42.47 - 25.48 - - 25.48 - 59.45 - - 59.45 - 16.99 - - 16.99 - 100,969.28 - - 932.60 - 101,113.67 101,076.99 101,076.99 1,076.99 - - 101,076.99 100,000.00 2,912.36 - - - - 1,812.39 - - 101,076.99 100,000.00 4,724.75 'd a) ti 1.-- t•-• f` i` 1- FOM l.asn CSalanmes rcepori Investments 3,901,509.63 Fund 101 Balance 3,056,523.11 844,986.52 Investments 3,901,509.63 Interest 7,777.94 New Balance 3,909,287.57 a) a) (D 1.-- a O it --- a O N r r r co 4 14- c) co O c 0 0 co N O N 0 0 0 0 0 0 0 0 0 0 0 0 00 CO 0 0 0 0 0 0 0 0 0 0 0 0 (.O (D 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 CO CO 0 0 0 O 0 0 0 0 0 0 0 0 CO CO O O O O O r 0 0 0 0 0 0 0 r 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 O 0 O o 0 0 0 0 O r r r r r r r r r r r r r CO CT CO to 0 CO V M M 1 1 r r N 0 r N NI- U) M M CO O CD t- 10 N CO CO 0) 0 (n r O 0 id- d 2023 City of Lauderdale Investments r CO CO CO r CO r r N N r r r r r O N N N N OP CO N N o N N N N N N N N N N N N N 0 0 0 0 O O O 0 0 0 0 0 0 0 0 N N N N N N N N NN to N N N N N N N N N N N N r r r o Mr r rC M 6 N CO N M r M N O Cn (A (b CO - Mr O N N N r O N- t-- co N N. r U) U) 10 U) 10 10 T ('40404 L• O 0 0 0 0 0 0 •- CII NNNNNN CU 0 0 r r r r r 2 N r r r r N- CO O N N CO 00 a 0 0 0 LL. 12/10/2024 '1- '1'M CO CO CO CO CO CO CO N N N `t `t N N N N N N N N O O O N N 0 0 0 0 0 0 0 0 N N N N N04 N N N N N N N N r N r a V N r CO' -CO (o 0 CO N M N N r M N r0)NNN OrrNN CO CO C1) U) U) 't "t O O CO O CO U) O CD Q1 (D CO CO CO CO M V M ct O CO O M CO CO M N t` Cn N. LO 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 O 0 O 0 CO O 0 to U7 O LI") 0 O O to O 0 10 U) U) U) U) O N O N N 0 0 0 (D 'ct N O O N N r r N (J) O U) U) U) to to O 'ct O O 'ct 'ct `i 4 0 0 0 O O r 89235M -LJ -8 (n U C (0 c_ Y u- (13 c > ca o (a a) L c o 0 o 2 0 z N ' r CO .4-o co Lc) 1 i 1 1 >3- (.11 d3F-Dr1-X'Cr CO CO CO LO O) CO t-- N 'd CO r N t- t� O to r t a) r r N (T) co CO (O co t— CO Cn CD Townebank Portsmouth VA C CO Cr) a) CO Y Y >C C •C (0 m m >, > O O OC C C ((00 CCS 10 65 65 c c O co (0 LL. P24- O O 0 0 0 0 0 0 CD Sallie Mae Bk N L a) 88413Q -DC -9 87270L -DK -6 32021 S -KB -1 32069P -AZ -8 07371 D -HU -4 ((9 Y C 0 C Ca c _m (0 cc) ® > (0 m 032 CO > D C t Y C O O c (a 1 +� -0 CO a) C . u' n it J m 0 0 0 0 0 0 0 0 0 0 0 0 0 0 05600X -JF -8 CD BMO Harris 89388C -FB -9 r c (0 m a) U < 0) C O U — CD id co tc O (0 a E c ro 0 0 0 0 923450 -CM -0 CD Veritex 0 CO H Qw r t� U) ct N 00 tD CO 0 CO 795450-6B-6 Y Y (0 C m Q(13 m coo co V) a) CT (0 M cB m LL. Cn 0 0 0 0 0 0 Future purchases Portfolio Value ___ r r N O r N N N r N N N N N N N NO No N N N N N N N o O O O O O O Co O O O N 0 00 N N N N N N N N NNNNNCVN CO N t` r• --CO r O 0 Q) co O (D CO N N N N N` N O M N O N r r c0 R:r N LO U) t1) u) N N N N 0 0 0 0 N N N N 00 CO M CO CO CO N N V "4- V V N N N 0 0 0 0 N N N N N r O r C CV CV r M OO 00 O M 0 CO N N 0 U) (D NQ) CO M CO 0 0 0 N N N O r O) CO N M t— (O M Cl CV CV O O CV CV o r COCO CV N ~ O M co O tC ) O •ct co M O O O (3)1° O f•-- N r M't O M— COO CO CO O O O O NCO N r r t� n- 0) r r x-- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O 0 O 0 0 N O 0 0 U) U) U) 'Cr 'Cr1.0 U) to CO CO h (D M co N O O (T r M to tri V t O O O O O -t O O M M M O r ri m co m In m m to O (T C (0 03 O (1) ID (0 a) U a) c C 0 o 0 0 CL CD US Bank Nat'I 800364ES6 (O r co 0 co ti o a) 4:1- <4- co O U7 CD Wells Fargo Bank Nat'I CD Medallion Bank 06417NA78 CD Bank OZK 3130AL7K4 FA Federal Home Loan Bank 59013KQX7 CD Merrick Bank 06740KNR4 Y C (0 OD N >' (0 U ((00 0 0 3130ATGM3 FA Federal Home Loan Bank 3133EL3E2 FA Federal Farm Credit Bank 89388C -FA -1 940637PR6 919853HC8 c (0 m a) U >, C CO co Q C (0 0 C w C O a) CO O =co c CD O c z Q C to .0 >, o C U N f1 FL— > 0 0 0 0 0 0 0 0 0 CD BMW Bank of NA 61690URR3 Portfolio Value 4M Funds Invest Fund 4M Short Term Series Future purchases Total Account TOTAL INVESTMENTS AND CDs. e a) N O C O E H N. ti r y 0o 0o et V CO C '''3- vt C El H 1, h i•-• 1� N co 0 CD N CO In CD CO CO V L 0 LC) h 1- 1- O O r r r r N d r- r- M M O 0 r r Cn 1.- co U) CO 0) 0) If) r- 14. `I' NI. r C)) 0) h N N U) 0) O) (O co CV N .- N O) N. O O r r 403,742.75 100, 000.00 403,742.75 100, 000.00 r- h O N N 4 07 O I O in N 11) T- rCO o r ' 0) 0 0 0 0 0 0 0 0 0 0 0 0 0 O O) N.. O 0 0 0 0 0 0 0 0 0 0 0 0 O h 8 1 a) N (Ni O O O O 0 0 0 O 0 0 0 6 O O CV v p M O 0000000000 co C N lit O 0 0 0 0 0 0 0 0 0 0 'Cr M•'t O O O O C7 0 0 0 0 0 0 NE mM M O O O O O O O O o O O 7 !t % r M N ID 1 i CD et o t- N 0 N r V. 4c N M ID 03LOr I 3,386,970.08 000000000000000 0 000000000000000 O 1 I o 0 0000000000 0 0 0 O `-' v 00000000000 O 0 0 0 0 0 0 0 r 0 0 0 r 0 0 0 0 0 0 0 0 0 C7 O 6 00000000000 O r r V) 03 CO CO 10 Mr• -•r N N M r CO fiN CV N a) w. 4aN N 7 co EV) F- 00 co h O r V- 4--• CO C C •- CB it- CO h 03 V)od N H a) H co L U 6- 0000000000000_ - - 526.58 526.58 - - 369.86 - - 369.86 - 41.10 - - 41.10 - 24.66 - - 24.66 - 57.53 - - 57.53 - 33.43 - - 33.43 - 526.58 526.58 526.58 526.58 526.58 125,000.00 1,634.04 - - - 2,214.44 526.58 125,000.00 3,848.48 I 6,560.22 p In CD in N r 1,094.94 I CD M co In c 0 M CO O 0 0 0 0 0 0 0 0 0 0 0 0 0 CD VN ti O 0 0 0 0 0 0 6 0 0 0 0 0 1 O•1 h p '4'O 0 0 0 0 0 0 0 0 0 0 "z! C N N O O O O O O O O O O O N ---- •-• 0 N O 0 0 0 0 0 0 0 0 0 0 N m r O 0 0 0 0 0 0 0 0 0 0 r CO r `tt r N M In 1- 00 In N 0) In r O N r C7) 0 C Ns.' id' M :` r C)) et IO CD 3,505,409.86 O O o p O p O p O o O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 000000000000000 O �-' ' 0 0 0 0 0 0 0 0 0 0 0" 0 0000000r000 r o 0 O o 0 0 0 0 0 0 0 6 0 0 0 0 0 0 0 0 0 0 0 O r r - 382.19 - - 382.19 - 42.47 - - 42.47 - 25.48 - - 25.48 - 59.45 - - 59.45 - - _ - - - 101,944.66 - - 1,944.66 - 102 454.25 - - 2,454.25 - - 102,454.25 100,000.00 2,076.39 - - - - 2,070.53 - - 102,454.25 100,000.00 4,146.92 N. r r O CD CD glances" Report 3,498,808.69 nce 2,958,732.74 540,075.95 3,498,808.69 6,601.17 3,505,409.86 O O O O O O O N' to N Mt In 'tt N O r I 102,454.25 Transfers Transfers Interest/ Balance Sales in out Dividends 3/31/2023 - 100,250.28 - 1,002.69 312,247.63 - - - - 100,000.00 - - - - - - - - - 100,000.00 - - - - 100,000.00 198.36 - - 198.36 100,000.00 - - - - 100,000.00 - - - - 100,000.00 - - - - 100,000.00 - - - - 100,000.00 - - - - 100,000.00 40.41 - - 40.41 100,000.00 - - - - 100,000.00 100,011.51 - - 11.51 0.00 - - - - 0.00 - - - - 0.00 100.250.28 100.250.28 - 1252.97 1,412,247.63 to O 03 O M M In 0) 'd CO M N ID M •t N M CD t -%it r rn I 3,598,808.69 O o O O O O O o O O o O O O O O 000000000000000 O 000000000000000 0 000000000000 0 0000000r0000 r O 6 O O O 6 0 0 0 0 0 0 6 0 0 0 0 0 0 0 0 0 0 0 0 N r r CO r O O Nzt h 0) N M O O N- `r 1 c 1`• i '. ID •1111 • 0) C • D 0) •(O 00 In vt M N IO CO r In Go M r 0) CO N r- 'zt CJ) C)) V Ii) 1) 00 CO LO it) O O r r � Tr CO CO O O r r r (O r O O V" i� O 1 1 1 1 N M o• O• N• 1 1 1.• 1 1 • 1 1 1 LO MI CO O CO CO 03 Lei fl M N IO If) r In 03 M r CA CC) N r- T O O r r - 104,585.49 125,000.00 1,629.22 - - - 2,036.89 - 104.585.49 125.000.00 3,666.11 9,504.57 ances" Report 3,589,304.12 ice 3,010,053.68 579,250.44 3,589,304.12 9,504.57 3,598,808.69 229,585.49 N N O M 204,835.77 I N N1 3 3 1 1 1 I 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 CB L 0 I.- 0 II 1 III 1 I 1 1 1 1 1 1 1 1 1 11 1 1 1 1 I 1 1 0000000000000000a00 0 0 M tt 0 o 0 0 0 0 0 0 0 0 0 0 0 O o 0 0 0 1 O 1 V N 'ct O O O O O o 0 0 0 0 O 0 0 0 0 0 0 0 O -4O u U �t 0 0 0 0 0 O 0 O 0 O O 0 O v C N 0 0 O 0 0 O o O 0 0 O O O 0 0 tt3 CD In O O O O O O O O O O 0 0 0 CO f() M N 0 0 0 O 0 O 0 O 0 0 0 0 0 N m— r r r r r r r r r r r r r r V 01 r O CD 0) O) r I 3 O O O) O N M r O N M CO N N N N O N- Cf) CO r N r T- O) M R N CO 01- .---- 0 0 0 0 0 0 0 0 0 a000- 000 0 0 O 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 O 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 `-' �-' V �-' `-�' O 0 0 O O o 0 O O O 0 O O O O o 0 0 0 0 6 O 0 0 0 0 0 0 0 0 O r r r r r r r r r Q) In CO '4- "4- V V) .� -0 0) (D O (D N M 1 1 1 t I 1 1 1 r 1 1 1 1 Q)• 1 1 1 1 1 1 1 a a r CO CO N > CO V — o i1 1 3 I 1 1 3 1 I 3 I 1 I i 3 I 1 1 1 1 I 1 I a) 4- N D co C9 1- CO CO V) CO CO L •1 3 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 O 4- Q) 0) N C r r C 12 "4- 'ct cY 0 0 H r r rt Nt CO CO 0 CO 111311111 V- I I I: 6) 1 I 1 1 1 1 1 O N O 00 Q) ('JQ) r TZM ct O O r r V) tn 1 I 3 3 3 1 4 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 (0 L U 7 d - - 103,118.22 103,118.22 - - 458.63 - - 458.63 - 382.19 - - 382.19 - 42.47 - - 42.47 - 25.48 - - 25.48 - 59.45 - - 59.45 - 102,150.00 - - 2,150.00 - 103,118.22 103,118.22 103,118.22 3,118.22 - - 103,118.22 - 3,000.23 - - - - 2,315.82 - - 103,118.22 - 5,316.05 r O) CO ha) N r From "Cash Balances" Report Investments 3,614,712.26 Fund 101 Balance 2,942,890.59 671,821.67 Investments 3,614,712.26 Interest 12,778.91 New Balance 3,627,391.17 103,118.22 N r N N 'ct O r cO O O) CO O CO R O N I If) N N 'd ('r) 3 1 CO N M Cf) Lf) N N O) CO CO CO 'ct co- CO N 0) CO CO r r 3,614,712.26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 1 O 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O (D O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CO N 0 0 0 0 0 0 O O 0 O 0 O O O 0 O O O 1 O 1 N d N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O Q) O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 v Q) C N 0 0 0 o O 0 0 o 0_ 0_ 0 0 0 0 0 CO M O O O O O O O O O O O O O O O 6 - C M N 0 0 0 O o 0 O 0 O 0 O 0 0 0 N (Q r r r r r r r r r r r r r r V T- O O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 O r r O O O O O O O O O O 6 0 0 0 0 0 0 0 0 0 0 0 0 r Interest/ Balance Transfers Transfers Interest/ Balance Transfers Transfers Interest/ Dividends 6/30/2023 Purchases Sales in out Dividends 7/31/2023 Purchases Sales in out Dividends 1,095.11 315,976.67 - - 100,145.20 - 1,162.87 417,284.74 - 500,000.00 102,773.42 - 641.60 - 100,000.00 - - - - - 100,000.00 - 347.12 - - 347.12 - - - - - - - - 100,000.00 - - - - - - - - - - - - 100,000.00 - - - - - - - - - - - - 100,000.00 - - - - - - - - - - - - 100,000.00 - - - - - - - - - - - - 100,000.00 - - - - 448.77 100,000.00 - - - - - 100,000.00 - - - - - - 100,000.00 - - - - - 100,000.00 - - - - - - 100,000.00 - - - - - 100,000.00 - - - - - - 100,000.00 - - - - - 100,000.00 - 99.18 - - 99.18 - 100,000.00 - - - - - 100,000.00 - - - - - - 100,000.00 - - - - - 100,000.00 - - - - - - 100,000.00 - - - - - 100,000.00 - - - - - - 100,000.00 - - - - - 100,000.00 - - - - - - 100,000.00 - 21.23 - - 21.23 100,000.00 - 102,327.12 - - 2,327.12 - 100,000.00 - 100,123.97 - - 123.97 (0.00) - - - - - - 0.00 - - - - - 0.00 - - - - - - 0.00 - - - - - 0.00 - - - - - - 0.00 - - - - - 0.00 - - - - - 1,543.88 1,415,976.67 - 100,145.20 100,145.20 - 1,308.07 1,417,284.74 500,000.00 602,773.42 102,773.42 - 3,415.02 - - 103,051.10 103,051.10 - 100,000.00 - - - - 100,000.00 - - - - - 2,231.51 - - 2,231.51 - 382.19 - - 382.19 - 42.47 - - 42.47 - 25.48 - - 25.48 - 59.45 - - 59.45 - - - - - - 150.00 - - 150.00 - 100,160.00 - - 160.00 200,000.00 103,051.10 103,051.10 103,051.10 3,051.10 - - 103,051.10 200,000.00 3,067.73 - - - - 2,354.65 - - 103,051.10 200,000.00 5,422.38 0 CO CO 03 CO r r From "Cash Balances" Report Investments 3,602,823.76 Fund 101 Balance 2,786,085.60 816,738.16 Investments 3,602,823.76 Interest 11,888.50 New Balance 3,614,712.26 O r r CO O M O M N CO N CO CO- 0 M N N V N CO N O N O O O O O 0 O N N N "t CO N M co CO 1 1 N co 0 O CO CO '[t N C`i CO CO N CO N CO N r 3,602,823.76 0 0 o O 0 0 0 0 0 0 0 0 0 0 o 0 O O O O O O O 0 O O O O O 0 0 0 1 I 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 O `--' `--' v v `•-' O o o o 0 o o o o O O O co O o 0 0 r o r O O O O O o 0 o O 6 0 0 0 0 0 0 0 0 0 0 r r r r r r r r r 0) - - 100,510.14 100,510.14 - - - - - 369.86 - - 369.86 - 41.10 - - 41.10 - 24.66 - - 24.66 - 57.53 - - 57.53 - 100,016.99 - - 16.99 - 100,510.14 100,510.14 100,510.14 510.14 - - 100 510.14 - 2,839.33 - - - - 2,270.41 - - 100,510.14 - 5,109.74 In O) N N CD lances" Report 3,595,895.81 ice 2,654,495.43 941,400.38 3,595,895.81 6,927.95 3,602,823.76 r 0 r LOO O r 301,165.48 1 'a co vi ta (D O O N Cf) r CD r CO 'ct '[t CO • 1 I N CO O CO `ct N N cri O CO N N (D Cf) r r 3,595,895.81 0 0 0 0 0 0 0 0 0 0 O o 0 o 0 0 0 0 0 0 0 0 O 0 O 0 O O O 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 O• 0 0 0 0 0 0 0 0 0 0 •' •'' "' "' O 0 Co 0 0 O_ o 0 r 0 0 r O O O O O O O O O O 6 0 0 0 0 0 0 0 0 0 0 0 r r r r r r r r r r 0 r CD N CO CO CO 0 rn (O r 'fit 'Ct '44 r Q) Q) N 1 1 1 I 1 1 1 1 1 1 1 1 N N in Q) 0) CO CO N CO 'Tt N Cf) Q) r r .t M N (3) N N (') CO �t 0 0 0 r 1 1 (O •ct C7) ON ('1 -t r co r-- N M I 8,925.73 Investments as of 9/30/23 Q) 0- CD - O O r r CT) M O N M (D v 0 0 a; cJcri CO N CO 0 O O O r L c 'D O (0 c _ COUU_ Tru CO Z v F - Investments as of 9/30/23 Q) O �f O O C O O D 10 O O O O O CO O O O O E N oo O oo O Q O r. r r N 3,627,391.17 0 0 0 0 o O o M OD O Cr). O• M N O O N- 0 o L CL n(0 Q) LL L .(0 C O a N QI C F- C Q E 'D O £O LL. U t co O (Z a) 40 O Q) U O 4- N M CD L O U F- Investments as of 9/30/23 O O O O C 0 0 0 0 i O O O O O CO O O O x 0 0 0 0 - N O O O O o o 0 0 CO CO 0) CV o \ o o o M M Cf) N (1) N N 0) (0 'D (0 (0 L U L Q O L C v 0 D- •=a) O) O• C O O 0 2 Z D 3,627,391.17 O O O r O F- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 M scf 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 I O 1 'ct• 0) a) N -d O O co o O O O O O O O O O CD O O O O o 'Cr U O 0 0 0 0 0 0 0 0 0 0 0 0 0 v 'cf C N O O O O O O O O O O O O O O 0 M tom- Cf) 0 0 0 0 0 0 0 0 0 0 0 0 0 (f) ca CO N O O O O O O O O O O O O O N m N r r r r r r r r r r r r r r Nt r r O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 I O O 0 0 0 0 0 0 0 1 I 0 0 0 0 0 0 I 0 O O O 0 o CD 0 0 0 0 0 0 0 0 0 O O 0) 0) CT) r 1 1 0 O 0) O Nen r O N CO (1) N N r• N O r• In Cr) r r"-- r r CT) M r N (D M O O 0 0 0 0 0 0 0 O O O O O O O O O O 0 O O 0 0 0 0 0 0 0 O O O 0 0 0 0 0 0 0 0 r r r r r r r r r 0) 'D Cn C 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 I I 1 O d) (U a C ._ _ o N L Q) 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 1 4 1 II 1 - it- •• (0 O C o (0 L F- L I 1 t I 1 I 1 1 I 1 t 1 1 I 1 1 1 1 1 1 1 I I (V 11-- N C C0 '- L F- V) 1111111111111111111111 1 0) (0 CO N y 4 1 4 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 (0 L U L LL 1 1 1 1 1 1 1 1 1 I 1 1 1 1 I i 1 I 1 I 1 1 1 11 I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1111111111111111111 1 1 1 1 1 1 4 1 111111111111 I 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 i 1 1 1 t 1 I 1 1 1 1 From "Cash Balances" Report Investments Fund 101 Balance Investments Interest New Balance 1 1 1 1 0 0 0 0 O O O O O O O 0 0 0 O 0 0 0 O 0 0 M 'cf 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 `Cr VI N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 vt U O Nor o 0 0 0 0 0 0 0 0 0 o 0 Co `-' "cf C N O O O O O O O O O O O O O O 0 co O (f) O O o O O o O o O O O O 0 (f) C0 M N 0 0 0 0 0 0 0 0 0 0 0 0 0 N CO r r r r r r r r r r r r r r r 'ct r r O CT) CT) CT) r1 I O O CT) O r M r O N M (f) r• N N N 0 N CO CO r r -- r r CT) M r• N (0 M 0 0 0 0 0 CD 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 I 0 O O 0 0 0 0 0 0 0 0 0 0 0 0 0 O O O 0 0 0 0 0 0 0 0 O O O O O O O O O 0 0 0 0 o O o o O o O 0 0 0 0 0 0 0 0 0 0 r r r r r r r r r Q) 11111111111411111 1 1 1 1 1 1 1 4 4 4 4 1 4 1 4 4 1 4 4 1 4 1 1 1 1111414111111 1 1 1 1 1 1 I I 1 1 1 1 1 1 1 1 1 1 I 1 1 1 i II 1 I 1 1 1 i 1 1 4 I 1 1 1 1 1 1 1 1 11 4 1 1 1 1 1 1 1 1 1 1 1 1 1 I 1 I 1 II 1 1 1 1 I 1 1 From "Cash Balances" Report Investments Fund 101 Balance Investments Interest New Balance 1 1 1 1 Balance 10/31/2023 125,044.40 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 0.00 0.00 (0.00) 0.00 0.00 0.00 1,425,044.40 0 CD CT) O) r O 1 1 o CT) O h M r O N CO it; r- N h N 0 h Cf) M r 11"-- r r O) CO f` N (D - CO O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O O O O O O O O O O O O O O O 0 1 1 1 1 O CD O C7 O O O O O O o O O O O O O O 0 0 0 0 0 0 0 O O O O O O O O O O 0 0 0 0 0 CC CDCC 0 0 O O O O O O O O O O O r r r r r r r r r C)) 1 1 1 1 4 1 1 1 1 1 1 1 1 I 1 1 1 4 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I I 1 1 1 1 1 1 1 1 I 1 1 1 4 1 4 1 1 1 1 1 1 1 1 1 4 1 I 4 1 1 1 1 1 1 1 11 I 1 I 1 1 1 I 1 1 1 1 1 1 1 1 1 I 1 Balances" Report 3,614,712.26 lance 2,942,890.59 671,821.67 3,614,712.26 12,778.91 3,627,391.17 1 1 1 LAUDERDALE COUNCIL ACTION FORM Action Requested Consent Public Hearing X Discussion Action Resolution Work Session X X Meeting Date October 24, 2023 ITEM NUMBER STAFF INITIAL Housing Conduit Bonds APPROVED BY ADMINISTRATOR DESCRIPTION OF ISSUE AND PAST COUNCIL ACTION: Julie Eddington of Kennedy and Graven will be at the meeting to answer any questions of the Council regarding the City's participation in securing bank qualified (BQ) debt for Franklin LP to build an affordable housing complex in Minneapolis. Julie Eddington pre- pared a memo outlining the request being made of the City and the final resolution for Council consideration. The Prior to adopting the resolution, the City Council must hold a public hearing. STAFF RECOMMENDATION: Motion to adopt Resolution 102423A A Resolution Authorizing the Issuance, Sale, and Delivery of A Revenue Obligation for the Benefit of Catholic Eldercare; Authorizing the Execution and Delivery of the Revenue Obligation and Related Doc- uments; and Taking Other Actions Related Thereto. follows: RESOLUTION NO. 102423A CITY OF LAUDERDALE COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION AUTHORIZING THE ISSUANCE, SALE, AND DELIVERY OF MULTIFAMILY HOUSING REVENUE OBLIGATIONS FOR THE BENEFIT OF FRANKLIN LP; APPROVING A HOUSING PROGRAM; AND AUTHORIZING THE EXECUTION AND DELIVERY OF DOCUMENTS RELATED THERETO BE IT RESOLVED by the City Council of the City of Lauderdale, Minnesota (the "City"), as Section 1. Recitals. 1.01. Pursuant to Minnesota Statutes, Chapter 462C, as amended (the "Housing Act"), the City is authorized to issue revenue obligations to provide funds to finance multifamily rental housing developments. 1.02. Minnesota Statutes, Section 471.656, as amended, authorizes a municipality to issue obligations to finance the acquisition or improvement of property located outside of the corporate boundaries of such municipality if the obligations are issued under a joint powers agreement between the municipality issuing the obligations and the municipality in which the property to be acquired or improved is located. 1.03. Pursuant to Minnesota Statutes, Section 471.59, as amended, by the terms of a joint powers agreement entered into through action of their governing bodies, two or more municipalities may jointly or cooperatively exercise any power common to the contracting parties or any similar powers, including those which are the same except for the territorial limits within which they may be exercised and the joint powers agreement may provide for the exercise of such powers by one or more of the participating governmental units on behalf of the other participating units. 1.04. Franklin LP, a Minnesota limited partnership, or another affiliate, successor, or assign of Wellington Management, Inc., a Minnesota corporation (collectively, the "Borrower"), has proposed that the City issue one or more series of tax-exempt or taxable revenue bonds or other obligations (the "Obligations") for the benefit of the Borrower for the purposes of financing all or a portion of the costs of (a) the acquisition, construction, and equipping of an approximately 155 -unit multifamily housing development and facilities functionally related and subordinate thereto located at 901 27th Avenue South, Minneapolis, Minnesota, for occupancy by individuals and families of low and moderate income, to be known as Agra Apartments (the "Project"); (b) any required reserve funds; (c) capitalized interest during the construction of the Project; and (d) the costs of issuing the Obligations. 1.05. On May 23, 2023, the City Council adopted a resolution authorizing the submission of an application to the office of Minnesota Management and Budget for an allocation of bonding authority with respect to the Obligations to finance the Project in accordance with the requirements of Minnesota Statutes, Chapter 474A, as amended (the "Allocation Act"), and providing preliminary approval for the sale and issuance of the Obligations for the Project. 1.06. On July 3, 2023, the City received Certificate of Allocation No. 458 from the State of Minnesota allocating bonding authority for the Project to the City in the amount of $28,320,000, pursuant to the Allocation Act. 1.07. On November 2, 2023, following a duly noticed public hearing conducted by the Business, Inspections, Housing & Zoning Committee of the City Council of the City of Minneapolis (the "City Council") on October 24, 2023, the City Council of the City of Minneapolis, Minnesota (the "City of Minneapolis") adopted a resolution approving the issuance of the Obligations to finance the Project in accordance with the Joint Powers Act and approving the execution and delivery of a Cooperative Agreement (the "Cooperative Agreement") with the City. 1.08. A notice of public hearing (the "Public Notice") was published in the Pioneer Press, the official newspaper of and a newspaper of general circulation in the City, with respect to the required public hearing under Section 147(1) of the Internal Revenue Code of 1986, as amended (the "Code"), and Section 462C.04, subdivision 2 of the Housing Act. 1.09. The Public Notice was published at least fifteen (15) days before the regularly scheduled meeting of the City Council, and on the date hereof, the City Council conducted a public hearing at which a reasonable opportunity was provided for interested individuals to express their views, both orally and in writing. 1.10. In accordance with the Housing Act, the City has prepared a housing program (the "Housing Program") to authorize the issuance by the City of the Obligations to finance the Project, and the Housing Program was prepared and submitted to Metropolitan Council for its review and comment. Section 2. Housing Program. The Housing Program, in the form substantially on file with the City, is hereby approved. Section 3. Obligations. 3.01. The Borrower has requested that the City issue, sell, and deliver the Obligations. The Obligations are hereby authorized to be issued in one or more series of taxable and tax-exempt obligations in the approximate aggregate principal amount not to exceed $28,320,000. 3.02. The Obligations are proposed to be issued pursuant to this resolution, the Housing Act, and an Indenture of Trust (the "Indenture") between the City and The Huntington National Bank, a national banking association, or another trustee selected by the Borrower (collectively, the "Trustee"). 3.03. The proceeds derived from the sale of the Obligations will be loaned by the City to the Borrower (the "Loan") pursuant to the terms of a Loan Agreement (the "Loan Agreement") between the City and the Borrower. 3.04. The Obligations and the interest on the Obligations (i) shall be payable solely from the revenues pledged therefor under the Loan Agreement and additional sources of revenue provided by or on behalf of the Borrower; (ii) shall not constitute a debt of the City within the meaning of any constitutional or statutory limitation; (iii) shall not constitute or give rise to a pecuniary liability of the City or a charge against its general credit or taxing powers; (iv) shall not constitute a charge, lien, or encumbrance, legal or equitable, upon any property of the City other than the City's interest in the Loan Agreement; and (v) shall not constitute a general or moral obligation of the City. 2 3.05. The loan repayments to be made by the Borrower under the Loan Agreement will be fixed so as to produce revenue sufficient to pay the principal of, premium, if any, and interest on the Obligations when due. Such loan repayments will be assigned to the Trustee under the terms of the Indenture. 3.06. The Borrower's repayment obligations in respect of the Loan will be evidenced and secured by the following documents (collectively, the "Security Documents"): (i) one or more Promissory Notes; (ii) one or more mortgages and assignments of leases and rents; (iii) one or more guaranties; and (iv) other documents determined by Kennedy & Graven, Chartered, as bond counsel to the City ("Bond Counsel"), to be necessary to evidence and secure the Borrower's repayment obligations. 3.07. The City acknowledges, finds, determines, and declares that the issuance of the Obligations is authorized by the Housing Act and is consistent with the purposes of the Housing Act and that the issuance of the Obligations, and the other actions of the City under the Indenture, the Loan Agreement, and this resolution constitute a public purpose and are in the interests of the City. In authorizing the issuance of the Obligations to finance the Project and the related costs, the City's purpose is and the effect thereof will be to promote the public welfare of the City and its residents by providing multifamily housing developments for low or moderate income residents of the City and otherwise furthering the purposes and policies of the Housing Act. 3.08. The Obligations shall bear interest at the rates, shall be designated, shall be numbered, shall be dated, shall mature, shall be in the aggregate principal amount, shall be subject to redemption prior to maturity, shall be in such form, and shall have such other terms, details, and provisions as are prescribed in the Indenture, substantially in the form now on file with the City, with the variations, omissions, and insertions authorized herein. The City hereby authorizes all or a portion of the Obligations to be issued as "tax-exempt bonds," the interest on which is not includable in gross income for federal and State of Minnesota income tax purposes. All of the provisions of the Obligations, when executed as authorized herein, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein and shall be in full force and effect from the date of execution and delivery thereof. The Obligations shall be substantially in the form of the Indenture on file with the City, which form is hereby approved, with such necessary and appropriate variations, omissions, and insertions (including changes to the aggregate principal amount of the Obligations, the stated maturities of the Obligations, the interest rates on the Obligations and the terms of redemption of the Obligations) as the Mayor and the City Administrator, in their discretion, shall determine. The execution of the Obligations with the manual or facsimile signatures of the Mayor and the City Administrator and the delivery of the Obligations by the City shall be conclusive evidence of such determination. 3.09. The Obligations shall be special, limited obligations of the City payable solely from the revenues provided by the Borrower pursuant to the Loan Agreement and other funds pledged pursuant to the Indenture. The City Council hereby authorizes and directs the Mayor and the City Administrator to execute the Obligations in accordance with the terms thereof. 3.10. All of the provisions of the Indenture, when executed as authorized herein, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein and shall be in full force and effect from the date of execution and delivery thereof. The Indenture shall be substantially in the form on file with the City, which is hereby approved, with such necessary and appropriate variations, omissions and insertions (including but not limited to changes to the aggregate principal amount of the Obligations, the stated maturities of the Obligations, the interest rate of the Obligations, and the terms of redemption of the Obligations) as do not materially change the substance 3 thereof, and as the Mayor and the City Administrator, in their discretion, shall determine, and the execution thereof by the Mayor and the City Administrator shall be conclusive evidence of such determination. The Mayor and the City Administrator are hereby authorized and directed to execute the Indenture, and to deliver the Indenture to the Trustee, and hereby authorizes and directs the execution of the Obligations in accordance with the terms of the Indenture, and hereby provides that the Indenture shall provide the terms and conditions, covenants, rights, obligations, duties, and agreements of the owners of the Obligations, the City, and the Trustee as set forth therein. 3.11. The Mayor and the City Administrator are hereby authorized and directed to execute and deliver the Loan Agreement, the Cooperative Agreement, a Bond Purchase Agreement among the City, the Borrower, and FMSBonds, Inc., as placement agent, and all other documents and assignments related to the Loan required to be executed by the City. All of the provisions of such documents, when executed and delivered as authorized herein, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein and shall be in full force and effect from the date of execution and delivery thereof. The aforementioned documents shall be substantially in the forms on file with the City which are hereby approved, with such variations, omissions, and insertions as do not materially change the substance thereof, and as the Mayor and the City Administrator, in their discretion, shall determine, and the execution thereof by the Mayor and the City Administrator shall be conclusive evidence of such determinations. 3.12. To ensure compliance with certain rental and occupancy restrictions imposed by the Housing Act and Section 142(d) of the Code, and to ensure compliance with certain restrictions imposed by the City, the Mayor and City Administrator are also hereby authorized and directed to execute and deliver a Regulatory Agreement (the "Regulatory Agreement") between the City, the Borrower, and the Trustee. All of the provisions of the Regulatory Agreement, when executed and delivered as authorized herein, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein and shall be in full force and effect from the date of execution and delivery thereof. The Regulatory Agreement shall be substantially in the form on file with the City which is hereby approved, with such variations, omissions, and insertions as do not materially change the substance thereof, or as the Mayor and the City Administrator, in their discretion, shall determine, and the execution thereof by the Mayor and the City Administrator shall be conclusive evidence of such determination. 3.13. The Mayor and the City Administrator are authorized and directed to execute any additional documents deemed necessary to carry out the intentions of this resolution and to complete the financing described herein, so long as City staff and legal counsel approve such documents. 3.14. The City hereby authorizes the Borrower to provide such security for payment of its obligations under the Loan Agreement and for payment of the Obligations, including but not limited to the Security Documents and additional security described herein, and the City hereby approves the execution and delivery of such security. The Mayor and the City Administrator are authorized and directed to execute one or more subordination or intercreditor agreements as required by the purchaser of the Obligations and the Trustee so long as City staff and Bond Counsel approve the forms thereof. 3.15. The Mayor and the City Administrator are hereby authorized to execute and deliver, on behalf of the City, such other documents and certificates as are necessary or appropriate in connection with the issuance, sale, and delivery of the Obligations, including various certificates of the City, an Information Return for Tax -Exempt Private Activity Bond Issues, Form 8038, an endorsement of the City to the tax certificate of the Borrower, and similar documents, one or more assignments of the Security Documents, if necessary, and all other documents and certificates as shall be necessary and appropriate in connection with the issuance, sale, and delivery of the Obligations. The City hereby authorizes Bond Counsel to prepare, execute, and deliver its approving legal opinions with respect to the Obligations. 4 Section 4. Additional Findings and Certifications. 4.01. Except as otherwise provided in this resolution, all rights, powers, and privileges conferred and duties and liabilities imposed upon the City or the City Council by the provisions of this resolution or of the aforementioned documents shall be exercised or performed by the City or by such members of the City Council, or such officers, board, body or agency thereof as may be required or authorized by law to exercise such powers and to perform such duties. No covenant, stipulation, obligation or agreement herein contained or contained in the aforementioned documents shall be deemed to be a covenant, stipulation, obligation or agreement of any member of the City Council, or any officer, agent or employee of the City in that person's individual capacity, and neither the City Council nor any officer or employee executing the Obligations shall be personally liable on the Obligations or be subject to any personal liability or accountability by reason of the issuance thereof. No provision, covenant or agreement contained in the aforementioned documents, the Obligations, or in any other document relating to the Obligations, and no Obligation therein or herein imposed upon the City or the breach thereof, shall constitute or give rise to a general or moral obligation of the City or any pecuniary liability of the City or any charge upon its general credit or taxing powers. In making the agreements, provisions, covenants, and representations set forth in such documents, the City has not obligated itself to pay or remit any funds or revenues, other than funds and revenues as described herein which are to be applied to the payment of the Obligations, as provided therein. 4.02. Except as herein otherwise expressly provided, nothing in this resolution or in the aforementioned documents expressed or implied is intended or shall be construed to confer upon any person or firm or corporation, other than the City, any holder of the Obligations issued under the provisions of this resolution, any right, remedy or claim, legal or equitable, under and by reason of this resolution or any provisions hereof, this resolution, the aforementioned documents, and all of their provisions being intended to be and being for the sole and exclusive benefit of the City, and any holder from tin -ie to time of the Obligations issued under the provisions of this resolution. 4.03. In case any one or more of the provisions of this resolution, other than the provisions contained in the first sentence of Section 3.09 hereof, or of the aforementioned documents, or of the Obligations issued hereunder shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provision of this resolution, or of the aforementioned documents, or of the Obligations, but this resolution, the aforementioned documents, and the Obligations shall be construed and endorsed as if such illegal or invalid provisions had not been contained therein. 4.04. The Obligations, when executed and delivered, shall contain a recital that they are issued pursuant to the Housing Act, and such recital shall be conclusive evidence of the validity of the Obligations and the regularity of the issuance thereof, and that all acts, conditions, and things required by the laws of the State of Minnesota relating to the adoption of this resolution, to the issuance of the Obligations, and to the execution of the aforementioned documents to happen, exist, and be performed precedent to the execution of the aforementioned documents have happened, exist, and have been performed as so required by law. 4.05. The officers of the City, Bond Counsel, other attorneys, engineers, and other agents or employees of the City are hereby authorized to do all acts and things required of them by or in connection with this resolution, the aforementioned documents, and the Obligations, for the full, punctual, and complete performance of all the terms, covenants, and agreements contained in the Obligations, the 5 aforementioned documents, and this resolution. If for any reason the Mayor or the City Administrator is unable to execute and deliver the documents referred to in this resolution, such documents may be executed by any member of the City Council or any officer of the City delegated the duties of the Mayor or the City Administrator with the same force and effect as if such documents were executed and delivered by the Mayor or the City Administrator. 4.06. The Borrower shall pay the administrative fee of the City on the date of issuance of the Obligations as provided in the Loan Agreement. The Borrower will also pay, or, upon demand, reimburse the City for payment of, any and all costs incurred by the City in connection with the Project and the issuance of the Obligations, whether or not the Obligations are issued, including any costs for attorneys' fees. Section 5. Effective Date. This resolution shall be in full force and effect from and after its approval. The approvals contained in the resolution are effective for one year after the date hereof. Approved by the City Council of the City of Lauderdale, Minnesota this 24t'' day of October, 2023. ATTEST: Heather Butkowski, City Administrator LA 13 5 -44 (JAE) 904051v2 6 Mary Gaasch, Mayor LAUDERDALE COUNCIL ACTION FORM ACTION REQUESTED MEETING DATE October 24, 2023 Consent Presentation ITEM NUMBER Conditional Use Permit Application Public Hearing X for 2520 Larpenteur Ave Discussion X Action X STAFF INITIAL Jim Resolution Work session APPROVED BY ADMINISTRATOR DESCRIPTION OF ISSUE AND PAST COUNCIL ACTION: See attached memo. OPTIONS: 1) Deny the conditional use permit application, stating the rationale for denial. 2) Approve the conditional use permit application as presented. 3) Approve the conditional use permit application with conditions, as deemed necessary. STAFF RECOMMENDATION: COUNCIL ACTION: MEMO DATE: OCTOBER 24, 2023 TO: HONORABLE MAYOR AND COUNCIL FROM: JIM BOWNIK, ASSISTANT TO THE CITY ADMINISTRATOR RE: CONDITIONAL USE PERMIT REQUEST FOR 2520 LARPENTEUR AVENUE WEST BACKGROUND Proposal: The applicant is requesting a conditional use permit for auto sales, service, and repair. Location: 2520 Larpenteur Ave West, Lauderdale, MN 55113 Applicant: SilverSky Auto LLC, 6750 Overton Dr NE, Fridley, MN 55432 Owner: Brait Commercial LLC, 7401 Bush Lk Rd, Edina, MN 55439 CRITERIA FOR APPROVAL OF A CONDITIONAL USE PERMIT If a conditional use permit meets the following criteria, then it can be approved: 1) Does the use conform to the 1-1 Industrial District, conditional use provisions and general provisions of Title 10: Zoning? 2) Does the use meet all special standards for this type of use? 3) Is the use sited, oriented and landscaped to provide a harmonious relationship with adjacent properties? 4) Is the visual impression & environment of the use consistent with the 1-1 Industrial District? 5) Does the use organize vehicular access & parking in a way that minimizes traffic congestion in the 1-1 Industrial District? 6) Does the use promote the objectives of Title 10: Zoning, and the Land Use section of the Lauderdale Comprehensive Plan? 7) Does the use contribute to any dangerous, injurious or noxious condition to any other property or person? The conditional use permit checklist for performance standards is included with the application and site plan along with a copy of Title 10, Chapter 12 of the zoning code related to conditional uses. STAFF FINDINGS & REVIEW Staff believes the proposed use complies with all required provisions including ownership and off-street parking. One condition staff suggest is that the conditional use permit be withheld until the owners receive_a Certificate of Occupancy from the City's building official. PUBLIC HEARING FOR THE CONDITIONAL USE PERMIT REQUEST On October 13, 2023 property owners within 350 feet from the perimeter of the subject property were sent notice of tonight's public hearing. A Public Notice was also published in the October 13, 2023 edition of the Pioneer Press. CITY COUNCIL ACTION REQUESTED The requested action is to approve a conditional use permit to SilverSky Auto & Brait Commercial for auto sales, service, and repair at 2520 Larpenteur Avenue West with any conditions required by the City Council including: • The conditional use permit be withheld until the owner obtains a Certificate of Occupancy Permit from the City's building official. t. City of Lauderdale Lauderdale City Hall 1801 Walnut Stucel Lauderdale, MN `iSI13 651=P:02-f6S0 051-031-2060 Fax LAND USE APPLICATION Fee Escrow Type of Request $100 $150 $150 $200 $200 $200 $500 $500 $500 0 0 $500 $o $500 $1,000 $1,500 $1,500 $5,000 Date:09/02/2023 Summary of Request Home Occupation SilverSky Auto LLC is seeking a Variance conditional use permit for the express Lot Consolidation/Division purposes of automotive sales and Sign Permit personal vehicle reconstruction. X Conditional Use Lot Line Rearrangement _ Zoning Amendment* Subdivision* PUD* Document Recording Fee: Recording cost plus Administrative fee Applicant Information Name:Hunter Sonnek and Levi Drude-Huff Address:6750 Overton Dr, NE C, S, Z: Fridley, MN 55432 Phone: (507) 380-6379, Email: midnighttimbers©gmail.com Signature: Antos Owner Information (if different) (0s4 rC /C 4I Name: Brait Genaitat LLC Address:7401 Bush Lake Road 0, S, Z: Edina, Mn 55439 Phone: It aat 9tM Email: Signature: *By signing abo e, the applicant agrees to pay the application fee and deposit an escrow fee to cover the city's consultants' costs associated with reviewing the associated request. Prior to having the request considered by the city, the applicant must deposit an escrow fee in an amount that is estimated to cover the city's consultants' costs as determined by the city administrator, If the city's consultants' costs exceed the initial escrow deposited by the applicant, an additional escrow fee will be required to cover the additional costs. The city shall use the applicant's fees to cover the city's actual consultants' costs in reviewing the request regardless of the city's action on the applicant's request. If the applicant's escrow fees exceed the city's actual consultants' costs for reviewing the request, the remaining escrow fees shall be refunded to the applicant. Review Timeline: All applications, other than concept plans, must be complete before being formally reviewed. Minnesota Statute provides 15 days to determine the application's completeness. Completeness depends on whether or not the checklist items are fulfilled. Checklist; Please review the checklist for the type of application you are applying for. For Office Use Only. Date -.Of mount Paid::: Receipt # Escrow Fee Paid: Receipt # ..Date Escrow Returned: PC Recommendation;: (approve/deny). Meeting Date: Public Hearing Date: CC Action: (approved/denied) Meeting Date: Conditions? born 12e0e.MA--etdre--�-�3 r3/4...........„ (�Ltueia)kg attic SilverSky Auto LLC is seeking a Conditional Use Permit for the express purposes of automotive sales and personal reconstruction of vehicles. The reason we are applying for a conditional use permit is to host a small automotive dealership. We're looking to purchase and sell an average of 3 vehicles, every 2.5 months. Averaging just over 14 vehicles annually. Our main focus is acquiring vehicles with salvage titles, repairing them, and then selling the finished product. We find the majority of our vehicles through auction houses and work with specialists to repair damages that we are unable to service ourselves. We will be utilizing skates underneath wheels to maneuver vehicles indoors, and store them with ease. Addressing 10-12-5: Performance Standards by Letter: A- We will not be personally handling any flammable or combustible materials. B- We utilize nothing that will interfere with or affect electrical systems. C- The use of power tools will be included in our business, these are hand -operated and won't impact the surrounding community. D- Our use will not include or attract any phenomena of vibration. E- Business use will not exude any particulates of gasses or odors. F- On the topic of pollution, our production of such will be very minimal. As we mentioned above, we shall be utilizing automotive skates, in large part, to maneuver vehicles indoors. Reducing emissions and therefore air pollution. There will be no painting on the property or use of noxious gasses. G- There will be zero usage of devices or materials that produce exterior glare. H- Nothing we have will cause or exacerbate erosion of the property. 1- Should a material leak in the space, we have a fluid absorbent, as well as a PIG extra -duty absorbent mat roll that will be placed around the drain, should any material reach it. (Maybe a special filter/seal on the drain) Sincerely, Hunter R. Sonnek Managing Director '4. 9 +1 507-380-6379 Levi R. Drude-Huff Vice -President go if 11/414 rfr 6750 Overton Dr. NE, Fridley, MN silverskyauto@gmail.com 55432 Address. 2520 Larpenter Ave W. Lauderdale, MN 55113 mar a roma loissie Own ors hip Bract Convnotciat LLC Urwt. Rentable Sq Footage. Usabte Sq Footage. Total Budding Sq Footage WarK space M 1773.83F"IGChu.rlrcG,l Ba4h.room 76.g 7F4�. Mess Room 79.83`+2 Q4'flice 80.67n1 - Warehouse 4 2108 92 Sq Ft 2045 Sy Ft 1438565SgFt •lu • • . r re 1 • 2520 Larpenteur Avenue West • . • 4 r • Kn i'o hts Heatin • Inoustriai Recently viewe '1 ;.1 r t* •" " lis r- )rj2 11 %. , fro .. >. # • • N: LIVE Aida LA605 10-12.txt (1) CHAPTER 12 CONDITIONAL USES SECTION: 10-12-1: General Provision 10-12-2: Application; Fee 10-12-3: Review 10-12-4: Criteria For Approval 10-12-5: Performance Standards 10-12-1: GENERAL PROVISION: Conditional uses may be allowed or denied by the Council after recommendations by the Planning Commission in accordance with the criteria and provisions listed in this Chapter. (Zoning Ord. as amd.) 10-12-2: APPLICATION; FEE: Applications for conditional uses will be filed with the Zoning Administrator and shall be accompanied by: A. Fee: An application fee in an amount equal to that set by ✓ esolution of the Council from time to time. B. Site Plan: Five (5) copies of a site plan and supporting data which shows the size, location, and topography of the site; the u se of adjacent land; the proposed size, bulk, use and location o f buildings; the locations and proposed function of all yards, o pen spaces, parking areas, driveways, storage areas and accessory structures; the location of all utilities, the provisions for parking, moving or loading of vehicles; and the timing of construction proposed. C. Additional Information: Such other information as the Administrator may require. (Zoning Ord. as amd.) 10-12 3: REVIEW: The Administrator shall forward copies of the application to the Council and to the Planning Commission for review and approval. A. Planning Commission: The Planning Commission shall forward its recommendation to the Council within forty five (45) days unless t he petitioner agrees in writing to a time extension. Failure of t he Commission to act within the allotted time shall be deemed to be a favorable recommendation. B . City Council: 1. Approval; Additional Conditions: The Council may attach such LA605 10-12 . txt (2) conditions as it deems necessary to the approval of any conditional use. The approved site plan and all attached conditions shall be accepted by the petitioner within thirty (30) d ays of approval by the Council. If not so accepted, the application is deemed denied and no further application for the same use may be made within six (6) months of such denial. All d evelopments, construction and use shall be in accordance with t he approved plan, unless a revised plan is submitted, approved and accepted. Any development contrary to the approved use plan is a violation of this Tule. 2. Denial: If an application for a conditional use is denied by t he Council, the denial shall be accompanied by written findings of the Council including supporting data submitted by a qualifie consultant, if any, setting forth the reasons for the denial in t erms of the ways in which the _proposed use fails to meet the standards and intent of this Title and is otherwise injurious to the public health, safety and welfare. (Zoning Ord. as amd.) 10-12-4: CRITERIA FOR APPROVAL: A conditional use may be approved by the Council if it is found to meet the following criteria: A. The proposed use conforms to the district and conditional use provisions and all general regulations of this Title. B . The proposed use meets all special standards which may apply t o its class of conditional uses as set forth in this Title. C. The proposed use shall not involve any element or cause any condition that may be dangerous, injurious, or noxious to any other property or persons, and shall comply with the performance standards of Section 10-12-5 of this Chapter. D . The proposed use shall be sited, oriented and landscaped to produce a harmonious relationship of :buildings and grounds to adjacent building and properties. E . The proposed use shall produce a total visual impression and environment which is consistent with the environment of the district in which it is located. F. The proposed use shall organize vehicular access and parking t o minimize traffic congestion in the district. G . The proposed use shall promote the objectives of this Title and shall be considered by the Council in the light of Land Use P lan of the City. (Zoning Ord. as amd.) 10-12-5: PERFORMANCE STANDARDS: Conditional uses shall comply with the requirements of this Section. In order to determine whether a proposed use will so LA605 10-12.txt (3) conform, the Council may obtain a qualified consultant to testify as to the proposed use. The cost for consultant services shall be charged to the applicant and _payment thereof is a condition of approval. A. Fire Protection: Fire Prevcntion and fighting equipment ✓ equired by the Fire Prevention and Building Code shall be ✓ eadily available when any activity involving the handling or storage of flammable or explosive materials is carried on. B. Electrical Disturbance: No activity associated with the use shall cause electrical disturbance adversely affecting radio or o ther electrical or electronic equipment in the vicinity of the u se. C. Noise: Noise which is determined to be objectionable because o f volume, frec_uency, or beat shall be muffled or otherwise controlled in accordance with generally accepted noise level standards or State -established standards. Fire sirens and related apparatus used solely for public Purposes shall be exempt from this requirement. D. Vibrations: Vibrations detectable without instruments on n eighboring property in any district are _prohibited. E. Odors: No malodorous gas or matter shall be permitted which is discernible on any adjoining lot or property. State standards on o dor emissions may be used in measuring such odors. F. Air Pollution: Air pollution shall be subject to the standards e stablished by the Minnesota Pollution Control Agency. G. Glare: Lighting devices which produce directly reflected glare on adjoining properties or thoroughfares shall not be permitted. H. Erosion: No offensive erosion by wind or water shall be permitted onto adjacent properties. I. Water Pollution: hater pollution shall be subject to the standards established by the Minnesota Pollution Control Agency. (Zoning Ord. as amd . ) LAUDERDALE COUNCIL ACTION FORM Action Requested Consent Public Hearing X Discussion Action Resolution Work Session X X Meeting Date October 24, 2023 ITEM NUMBER STAFF INITIAL APPROVED BY ADMINISTRATOR 1836 Carl Tree Abatement DESCRIPTION OF ISSUE AND PAST COUNCIL ACTION: There is a dead tree that fell on the garage at 1836 Carl Street. Typically, staff are able to work with the owners of dead and diseased trees to have them removed through a petition and waiver agreement. In this case, the property is managed by someone other than the owner and they have not taken responsibility for correcting the situation. This leaves little choice but for the City Council to approval removal of the tree. Prior to voting, the City Council must hold a hearing on the matter should the party respon- sible for the property wish to address the City Council. OPTIONS: STAFF RECOMMENDATION: Motion to adopt Resolution No. 102423B A Resolution Abating a Diseased or Hazardous Tree at 1836 Carl Street. RESOLUTION NO. 102423B CITY OF LAUDERDALE COUNTY OF RAMSEY STATE OF MINNESOTA A RESOLUTION ABATING A DISEASED OR HAZARDOUS TREE AT 1836 CARL STREET WHEREAS, Lauderdale City Code Title 4, Chapters 3 and 6 call for the abatement of diseased or hazardous trees; and WHEREAS, the owners and/or property managers of 1836 Carl Street received notice via the US Postal Service and posted notice on the front door of the home of the hazardous and / or dead tree on the property; and WHEREAS, the tree was not removed by the October 9, 2023 deadline provided in the first letter dated September 18, 2023 nor since the second letter dated October 10, 2023 notifying them of this public hearing. NOW THEREFORE BE IT RESOLVED that the Lauderdale City Council finds it in the public interest and consistent with City Code to have the tree abated. BE IT FURTHER RESOLVED that the City Council directs staff to contract with the city tree trimmer for its removal and bill the owner of the property for the service. The quoted cost for removal is $3,400. Any unpaid charges for the service will be assessed the property. ADOPTED this 24th day of October, 2023 by the Lauderdale City Council. Mary Gaasch, Mayor ATTEST: Heather Butkowski, City Administrator LAUDERDALE COUNCIL ACTION FORM Action Requested Consent Public Hearing Discussion Action Resolution Work Session X Meeting Date October 24, 2023 ITEM NUMBER STAFF INITIAL Abdo Planning Proposal APPROVED BY ADMINISTRATOR DESCRIPTION OF ISSUE AND PAST COUNCIL ACTION: Earlier this year, the Council authorized Abdo to prepare a long-term financial plan for the City. The emphasis of the plan was to analyze the financial opportunity costs of Ramsey County's Eustis Street turnback proposal. Additionally, they look at inflationary pressure on the future of the budget and financing the capital improvement plan. The Plan reflects new numbers received from Ramsey County for Eustis Street. The cost - share number for not taking road ownership increased from $600,000 to $1,143,480 primari- ly due to better estimates with the retaining walls and right-of-way acquisition costs. The County's calculations follow with the date of each model run highlighted. The city engineer also provided costs for the long-term maintenance (one road life -cycle) should the City take ownership of Eustis Street south of Larpenteur. Vicki Holthaus of AEM Financial will be at the meeting to share her analysis. OPTIONS: STAFF RECOMMENDATION: 2021.501/00001 2104.502/01240 2104.502/01250 2104.503/00325 2104.503/00326 2104.504/00110 2104.504/00120 2123.610/00411 2301.602/00071 2357.506/00010 2360.509/14500 2360.509/14500 2563.601/00010 2563.601/00100 2563.610/00020 2563.613/01100 2564.518/00130 2564.518/00140 2573.501/00030 2573.502/00110 2574.507/00100 2575.618/00010 2580.503/00010 2582.503/40104 2582.503/40404 P-3397 Eustis St Improvements (2025) Preliminary Estimate 4/26/2023 ITEt1TOTAL NUMBER ITEM (County % / City 40) UNIT ESTIMATED QUANTITY UNIT PRICE (2021) AMOUNT 2021.501 MOBILIZATION LUt•1P SUt1 1.00 $100,000.00 $100,000.00 2101.524 CLEARING TREE 1 $250.00 $250.00 2101.524 GRUBBING TREE 1 $200.00 $200.00 2104.502 REMOVE SIGN TYPE C EACH 20 $50.00 $1,000.00 2104.502 REMOVE SIGN TYPE D EACH 5 $100.00 $500.00 2104.502 REMOVE PIPE APRON EACH 1 $230.00 $230.00 2104.503 SAWING CONCRETE PAVEMENT (FULL DEPTH) LIN FT 20 $5.00 $100.00 2104.503 SAWING BITUMINOUS PAVEMENT (FULL DEPTH) LIN FT 300 $2.50 $750.00 2104.503 REMOVE SEWER PIPE (STORM) LIN FT 300 $16.00 $4,800.00 2104.503 REMOVE CONCRETE CURB UN FT 80 $6.00 $480.00 2104.503 REMOVE RETAINING WALL LIN FT 180 $25.00 $4,500.00 2104.503 SALVAGE CHAIN LINK FENCE LIN FT 50 $55.00 $2,750.00 2104.504 REMOVE CONCRETE DRIVEWAY PAVEMENT SQ YD 45 $12.00 $540.00 2104.504 REMOVE BITUMINOUS DRIVEWAY PAVEMENT SQ YD 550 $5.00 $2,750.00 2104.504 REMOVE BITUt•MINOUS PAVEMENT SQ YD 3000 $5.00 $15,000.00 2105.507 COMMON EXCAVATION CU YD 3200 $5.00 $16,000.00 2106.507 SELECT GRANULAR EMBANKMENT CU YD 2600 $12.00 $31,200.00 2106.507 COMMON EMBANKMENT (CV) CU YD 1500 $5.00 $7,500.00 2123.610 STREET SWEEPER (WITH VACUUM PICKUP) HOUR 100 $185.00 $18,500.00 2211.507 AGGREGATE BASE (CV) CLASS 6 CU YD 750 $25.00 $18,750.00 2232.504 MILL BITUMINOUS SURFACE (2.0") SQ YD 4020 $1.25 $5,025.00 2301.602 DRILL AND GROUT REINF BARS (EPDXY COATED) EACH 10 $15.00 $150.00 2357.506 BITUMINOUS MATERIAL FOR TACK COAT GALLON 350 $2.00 $700.00 2360.509 TYPE SP 9.5 WEARING COURSE MIXTURE (4,F) TON 1450 $100.00 $145,000.00 2411.618 MODULAR BLOCK RETAINING WALL (50%/50%) SQ FT 260 $60.00 $15,600.00 2475.503 ORNAMENTAL METAL RAILING TYPE SPECIAL (50%/50%) LIN FT 260 $200.00 $52,000.00 2501.502 36•' RC PIPE APRON (100%/0%) EACH 1 $1,800.00 $1,800.00 2501.502 48" RC PIPE APRON (100%/0%) EACH 1 $2,600.00 $2,600.00 2502.602 CONNECT TO EXISTING STORM SEWER (100%/0%) EACH 3 $1,000.00 $3,000.00 2502.602 CONNECT TO EXISTING DRAINAGE STRUCIURE (100%/040) EACH 3 $2,500.00 $7,500.00 2503.503 36" RC PIPE CULVERT DESIGN 3006 (100%/0%) LIN FT 420 $140.00 $58,800.00 2503.503 48" RC PIPE CULVERT DESIGN 3006 (100%/040) LIN FT 300 $215.00 $64,500.00 2504.602 ADJUST GATE VALVE & BOX EACH 4 $600.00 $2,400.00 2506.502 ADJUST FRAME AND RING CASTING EACH 5 $800.00 $4,000.00 2506.502 CONSTRUCT DRAINAGE STRUCTURE DESIGN 72-4020 (100%/0%) UN FT 10 $900.00 $9,000.00 2506.502 CONSTRUCT DRAINAGE STRUCTURE DESIGN 96-4020 (100%/0%) 10 $1,500.00 $15,000.00 UN FT 2521.518 4" CONCRETE WALK [EXISTING] (100%/0%) SQ FT 3500 $6.00 $21,000.00 2521.518 4" CONCRETE WALK [NEW] (50%/50%) SQ FT 3900 $6.00 $23,400.00 2521.518 6" CONCRETE WALK [EXISTING] (100%/0%) SQ FT 250 $11.00 $2,750.00 2521.518 6" CONCRETE WALK [NEW] (50%/50%) 200 $11.00 $2,200.00 SQ FT 2531.504 8" CONCRETE DRIVEWAY PAVEMENT SQ YD 45 $90.00 $4,050.00 2531.603 CONCRETE CURB AND GUTTER DESIGN B624 [EXISTING] (100%/0%) LIN FT 800 $30.00 $24,000.00 2531.603 CONCRETE CURB AND GUTTER DESIGN B624 [NEW] (25°o/75%) LIN FT 2245 $30.00 $67,350.00 2531.618 TRUNCATED DOMES SQ FT 20 $55.00 $1,100.00 2531.604 8" CONCRETE VALLEY GUTTER SQ YD 60 $150.00 $9,000.00 2563.601 TRAFFIC CONTROL LUMP SUM 1.00 $20,000.00 $20,000.00 2563.601 ALTERNATIVE PEDESTRIAN ROUTE LUMP SUM 1.00 $20,000.00 $20,000.00 2563.610 POLICE OFFICER HOUR 1 $135.00 $135.00 2563.613 PORTABLE CHANGEABLE MESSAGE SIGN UDAY 14 $100.00 $1,400.00 2564.518 SIGN PANELS TYPE C SQ FT 20 $75.00 $1,500.00 2564.518 SIGN PANELS TYPE D SQ FT 5 $50.00 $250.00 2565.501 EMERGENCY VEHICLE PREEMPTION SYSTEM A (75%/25%) LUMP SUt•1 1 $8,000.00 $8,000.00 2565.501 TRAFFIC CONTROL INTERCONNECT (75%/25%) SYSTEM 1 $25,000.00 $25,000.00 2565.516 TRAFFIC CONTROL SIGNAL SYSTEM A (75%/25%) SYSTEM 1 $325,000.00 $325,000.00 2565.516 TEMPORARY SIGNAL SYSTEM (100%/040) SYSTEM 1 $100,000.00 $100,000.00 2573.501 EROSION CONTROL SUPERVISOR LUMP SUM 1.00 55,000.00 $5,000.00 2573.502 STORM DRAIN INLET PROTECTION EACH 10 $170.00 $1,700.00 2574.507 COMt1ON TOPSOIL BORROW CU YD 600 $16.00 $9,600.00 2575.618 SITE RESTORATION SQ FT 17150 $2.00 $34,300.00 2582.503 INTERIM PAVEMENT MARKING LIN FT 3000 $0.25 $750.00 2582.503 4" SOLID LINE MULTI COMP GR IN (WR) LIN FT 1500 $0.80 $1,200.00 2582.503 4" DOUBLE SOLID LINE MULTI COMP GR IN (WR) LIN FT 700 $1.60 $1,120.00 WATER TREATMENT ACRE 1 $30,000.00 $30,000.00 TOTALS $1,352,680.00 County City plus 15%+13% (contingency+inflation) 1.28 $1,731,430.40 1 TOTAL Plus construction Engineering (12%) 1.12 $1,939,202.05 1 Design Engineering (12%) 0.12 $207,771.65 1 TOTAL with all engineering costs $2,146,973.70 1 ROW $606,360.00 1 TOTAL with all engineering costs + ROW $2,753,333.70 TOTAL County with all engineering costs + ROW $2,153,962.34 TOTAL City with all engineering costs + ROW $599,371.36 Page 1of1 0.8511 0.1493 P-3397 Eustis St Improvements (2025) County City 51,143,479.88 Preliminary Estimate '10/5/2023 ITEMTOTAL NUMBERREM (County 0.3 / Crty %) UNIT ESTIMATED QUANTITY QUANTITY UNIT PRICE (2021) AMOUNT ESTIMATED QUANTITY A'AOUNT ESTIMATED QUANTITY ESTU4&TEO QUA'RlTY AMOUNT 2021.501 MOBILIZATION LIR!? SUI 1.00 5132,0)0.00 5132,000.03 0.6511 5112 345.34 0.1469 519,654.66 2031.502 COMBINATION FIELD LABORATORY -OFFICE FACIA 1.00 126,000.03 526,000.00 0.8511 522,128.63 0.1489 53,871.37 2101.505 CLEARING ACRE 0.11 51,603.00 5176.00 0.11 5176.04 2101.505 GSUBBING ACRE 0.11 5700.00 577.00 0.11 577.00 2104.502 REMOVE CO..CPETE HEADWALL EAOI 2 52,500.00 55,000.00 2 $5,000.00 2104.502 REMOVE MANHOLE OR CATCH BASIN EACH 7 $700.00 $4,930.00 7 54,900,00 2104.502 REMOVE HYDRANT EACH 1 11,300.00 51,300.00 1 51,300.00 2104.502 REMOVE SIGN EACH 20 535.00 5700.0) 20 5700.00 2104.502 REMOVE SIGN TYPE SFECL4L EACH 1 540.00 540.00 1 540.00 2104.502 REMOVE SIGNAL SYSTEM A (75%/25%) EACH 1 $15,000.00 515,000.03 0.75 $11,253.00 0.25 53,750.00 2104.502 SALVAGE SIGN EACH 3 550.00 5150.00 3 5150.00 2104.503 SAWING CONCRETE PAVEMENT (FtAL DEPTH) LIN FT 258 56.00 $1,549.00 259 51,549.00 2104.503 SAWING BITUMINOUS PAVEMENT (FULL DEPTH) LLN FT 433 $3.25 51,407.25 433 51,407.25 2104.503 REMOVE SEWER PIFE (STORM) LIN FT 465 522.35 510,392.75 465 110,392.75 2104.503 REMOVE CURB & GUTTER LL'N FT 314 56.00 51,864.00 314 51,834.00 2104.503 REMOVE BITUMINOUS NRB UN FT 919 54.75 54,365.25 919 54,365.25 2104.503 REMOVE CONCRETE CURB LIN FT 140 56.00 5640.00 143 5840.00 2104.503 REMOVE FEIN LIN FT 43 512.00 5576.00 49 5576.00 2104.504 REMOVE CONCRETE WALK SQ YD 269 512.00 13,228.00 269 53,228.00 2104.504 REMOVE CONCRETE PAVEMENT SQ YD 926 516.00 514,816.00 926 514,816.00 2104.504 REMOVE CON:CP.ETE DRIVEWAY PAVEMENT SQ YD 119 516.00 51,904.00 119 51,904.00 210-4.504 REMOVE BITUMINOUS DRIVEWAY PAVEMENT SQ YD 555 512.00 56,660.00 555 56,660.00 2104.504 REMOVE BITUMINOUS PAVEMENT SQ YD 4971 57.00 534,797.00 4,971 534,797.00 2104.504 REMOVE RETAINING MALL SQ FT 150 543.00 56,450.00 150 56,450.00 2104.504 REMOVE BITUMINOUS WALK SQ FT 93 511.00 51,023.00 93 11,023.00 2105.507 EXCAVATION - COMMON CURD 6200 $36.25 5224,750.0) 6,200 5224,750.00 2106.507 SELECT GRANULAR EMBANKMENT CU YD 1945 543.00 533,635.00 1,945 593,635.00 2106.507 COMMON EMBA?GU'E?T (0/) CU YD 3500 514.00 554,600.00 3,500 554,600.00 2123.610 TRACTOR MOUNTED BACKHOE HOUR 25 5253.00 56,325.00 25 16,325.00 2123.610 STREET SWEEPER (WITH VACUUM PIO<UP) HOUR 150 $140.00 521,000.00 150 521,000.00 2130.523 WATER 14 G.4LLOf1 100 565.00 56,500.00 100 56,500.00 2211.507 AGGREGATE BASE (CV) CLASS 6 CU YD 1830 570.00 5128,100.03 1,830 5128,100.00 2301.502 DOWEL BAR EACH 68 517.00 51,156.00 69 51,156.00 2301.504 CONCRETE PAVEMENT 8.0' SQ YD 185 5133.00 524,605.00 185 524,605.00 2301.602 DRILL AND GROUT P.EL\P BARS (EPDXY COATED) EACH 100 522.00 52,200.00 100 $2,200.00 2357.506 BRUM1I:OUS MATERIAL FOR TACK COAT GALLON 512 53.00 51,536.00 512 51,536.00 2360.503 TYPE SP 9.5 WEARING COURSE MIXTURE (2,13) TON 107 $110.uU 511,770.00 107 511,770.00 2360.509 TYPE SP 9.5 'WEARING COURSE MIXTURE (3,6) TON 46 5110.00 15,050.00 45 55,050.00 23E0.509 TYPE SP 9.5 WEARING COURSE MIXTURE (4f) TON 1044 5110.00 5125,280.00 1,044 5125,280.00 2360.503 TYPE SP 12.5 NON V.'EAR COURSE MIXTURE (3,B) TON 46 1110.00 55,060.00 46 55,060.00 2360.509 TYPE SP 12.5 NON WEAR COURSE MIXTURE (4,6) TON 783 5120.00 593,960.00 783 593,960.00 2411.507 STRUCTURE EXCAVATIC 4 CLASS E (50%/50%) CU YD 10)0 130.00 530,000.00 503 515,003.00 560 515,000.00 2411.618 MCfl_t&S FLOCK RETAINING WALL (50'4/50%) SQ FT 4410 575.00 1330,750.00 2,205 1165,375.00 2205 5165,375.00 2451.607 STPLCTUL4L BACKFILL (5024/50%) CU YD 1000 532.00 532,000.00 503 516,003.0) 500 516,0)0.00 2451.609 GRANULAR BA.CWYILL (50%r50%) TON 2000 539.00 576,000.00 1,030 533.000.03 1031 $39,C00.00 2475.503 ORNAMENTAL METAL RAILING TYPE SPECIAL (so%,s0%) LIN FT 260 5300.00 578,000.0) 133 533,003.00 130 S33,C)0.03 2501.502 24' CS PLFEE SE.SER (100%/0%) LIN FT 3664 5105.00 5384,720.03 3,6:4 5384,720.00 2503.503 15' RC PIS SEVER DESIGN 3306 CLASS V (100%/0%) LLN FT 191 5109.00 520,628.00 191 520,628.00 2503.503 24' RC FIFE SEWER DESIGN 3306 CLASS IV (100%/3'4) LIN FT 1293 5170.00 5219,810.00 1,293 5219,310.03 2502.602 CONNECT TO ExISTNS STORM SEVER (1C0%/0%) EACH 5 $2,060.00 510,300.00 5 510,300.00 2504.602 HYDRANT EACH 1 511,000.00 511,000.00 1 511,000.00 2504.602 ADJUST GATE VALVE & BOX EACH 9 5900.00 57,200.00 9 57,200.00 2506.502 CASTING ASSEMBLY EACH 23 51,230.00 528,290.00 23 528,290.00 2506.502 ADJUST FRA..NE ANO RING CASTING EAOI 10 5965.00 59,650.00 10 19,650.00 2506.502 CONSTRUCT DRAINAGE STRUCTVPPE DESIGN 75 (100%/0%) LIN FT 47.60 5600.00 528,680.00 47.80 528.66.0.00 2506.502 CONSTRUCT CP&IMAGE STRUCTURE DESIGN 43-4020 (100%/0%) LIN FT 44.50 5905.00 540,272.50 44.50 540,272.50 2506.502 CONSTRUCT DRAINAGE STRUCTURE DESIGN 60.4020 (100%/0%) LIN FT 7.60 51,150.00 $B,740.00 7.60 59,743.0) 2506.502 CCNSTPUCT DRA.INA STRUCTURE DESIGN 72-4020 (100%/0%) UN FT 7.70 52,300.00 517,710.0•) 7.70 517,710.00 2502.602 CONNECT TO E ISTP:G DRAINAGE STRUCTURE (100%/0%) EACH 3 $1,950.00 55,850.00 3 55,350.00 2521.518 4' CON'7LETE WALK (EXISTING] (10)=4/3%) SQ FT 3500 59.00 531,500.00 3,500 531,563.00 2521.518 4" CONCRETE WALK (NEW) (50'x/50%) SQ FT 1356 59.00 512,204.00 67a 56,102.00 678 56,102.00 2521.518 6" CONCRETE WALK (E ISTINGJ (103%/3%) SQ FT 250 521.00 55,250.00 250 55,250.00 2521.518 6" CO.'.CPETE WALK (NEW) (5024/50%) SQ FT 1598 521.00 541,959.00 953 120373.00 939 520,979.03 2521.602 DRILL AND GROUT REM BARS (EPDXY COATED) EACH 70 522.00 51,540.00 70 51,540.00 2531.503 CO.'K RETE CURB AND GUTTER DESIGN B624 (EXISTING) (100%/0%) L1'4 FT 600 549.00 539,200.00 800 539,200.00 2531.503 CONCRETE CURB AND GUTTER DESIGN 8624 (NEM (25-n/75'2) LLN FT 2246 549.00 5110,054.0•) 562 127,513.50 1685 $52,540.50 2531.504 B' CONCRETE DRIVEN/AY PAVEMENT SQ YD 465 5129.00 559,985.00 465 559,985.00 2531.603 CONCRETE CURB DESIGN V LLN FT 135 149.00 56,480.00 135 56,490.00 63 58,127.00 2531.604 9" CONCRETE VALLEY GUTTER SQ YD 63 5129.00 $8,127.00 2531.618 TRUNCATED DOMES SQ FT 269 $77.00 520,636.00 269 520,636.00 2533.503 PORTAELE PRECAST CONCRETE BARRIER DESIGNN 8337 LIN FT 1500 519.00 528,500.00 1,500 526,500.00 2545.602 ADJUST IIANCHOLE EACH 6 51,000.00 56,000.00 6 56,000.00 2563.601 TRAFFIC CONTROL SUPERVISOR LL4P SUM 1.00 59,002.00 59,000.00 0.8511 57,659.91 0.1429 51,343.03 2563.601 TRAFFIC CONTROL LIMP SUM 1.00 524,000.0.3 524,000.00 0.6511 520,426.43 0.1459 53,573.57 2563.601 ALTERNATIVE PEDESTRIAN ROUTE LUMP SL44 1.00 110,000.00 510,000.00 0.6511 58,511.01 0.1499 $1,498.93 2563.610 POLICE OFT:10ER HOUR 1 5125.00 5125.00 1 5125.00 2563.613 PORTABLE CHANGEABLE MESSAGE SIGN UDAY 14 5150.00 52,100.00 14 52,100.00 2564.602 INSTALL SIGN EACH 3 5320.00 5960.00 3 5960.00 2564.618 SIGN SQ FT 42.09 585.00 53,576.60 42 53,576.80 2564.618 SIGN PANEL SPECIAL SQ FT 6.00 575.00 5450.01 6 5450.00 2565.501 EMERGENCY VEHICLE PREEMPTION SYSTEM A (75%/25%) LUMP SUM 1.00 58,030.00 58,000.00 0.75 $6,033.00 0.25 $2.000.01 2565.501 TRAFFIC CONTROL INTERCONNECT (75-a/25%) SYSTEM 1 539,000.00 $33,000.00 0.75 529,250.00 0.25 59,75.0.00 2565.516 TRAFFICCO TROL SIGNAL SYSTEM A (75'x/25%) SYSTEM 1 5400,000.00 5400,000.03 0.75 1300,000.03 0.25 5100,030.00 2565.516 TEP:0R.4.RY SIGNAL SYSTEM (1002a/0%) SYSTEM 1 5165,0.30.00 5165,000.03 1 5165,000.00 2572.503 CLEAN ROOT CUTTING LIN FT 200 59.00 51,600.00 200 51,600.00 2573.501 STABILIZEDCONSTRUCTIONNEXIT LUMP SIN 1.00 52,800.00 52,8.00.00 0.8511 52,333.08 0.1499 5416.92 2573.501 EROSION CONTROL SUPERVISOR LUMP StR4 1.00 53,903.00 53,900.00 0.8511 53,319.29 0.1459 5560.71 2573.502 STORM MAN INLET PROTECTION EACH 35 5220.00 57,700.00 35.00 57,700.00 2573.503 SILT FEN•E, TYPE 145 LIN FT 840 56.75 55,670.00 840 55,670.00 2573.503 FILTER BERM TYPE 5 LL'4 FT 100 520.00 52,000.00 100 52,000.00 2573.503 SEDIMENT CONTROL LOG TYPE COMPOST LL'4 FT 1005 55.60 55,628.00 1,005 55,628.00 2574.507 BOULEVARD TOPSOIL BORROW CU YD 473 544.40 521,223.20 478 521,223.20 2573.503 FERTIUZER TYPE 3 POUND 263 51.15 $302.45 263 5302.45 2575.504 SODDING TYPE SALT TOLERANT SQ YD 890 524.60 521,894.00 893 521,894.00 2575.504 ROLLED EROSION PREVENTION CATEGORY 20 SQ YD 2033 54.00 58,132.00 2,033 58,132.00 2575.505 SEEDING ACRE 0.74 51,125.00 5832.50 0.74 5832.50 2575.508 SEED MIXTURE 25-131 POUND 170 57.80 51,326.00 170.00 51,326.00 2575.523 RAPID STABILIZATION METHOD 3 M GALLON 3.56 5445.00 51,584.20 3.56 51,584,20 2582.503 4" SOUD UNE MULTI-COMPONENT GROUND IN (V.R) LIN FT 1559 55.00 57,945.00 1,569 57,945.00 2532.503 4" BROKEN LINE M.ULT1-COMPONENT GROUND!'" (WR) LIN FT 154 58.50 51,309.00 154 51,309.00 2582.503 4" DOUBLE SOLID LINE MULTI-COMFONE/T GROUND IN (WR) LIN FT 1326 510.20 513,525.20 1,326 513,525.20 2592.518 CROSSWALK PREFORM THERMOPLASTIC GROUR:O IN ENHANCED SKID RESISTENCE SQ FT 216 518.50 53,996.00 216 53,936.00 County City TOTALS plus 15%+13°h (contingency+Inflation) 1.28 ,555,585.10 Cost Share Items $4,551,148.93 (TOTAL Pius construction Errgneering (12%) 1.12 $5,097,286.80 51,143,479.88 (Design Eng•neeting (12%) 0.12 5546,137.87 !TOTAL with all engineering costs $5,643,424.67 1 ROW $606,360.00 1 TOTAL With all engineering costs + ROW 56,249,784.67 TOTAL County with al engineering costs + ROW 55,106,304.79' TOTAL City with all engineering costs + ROW 51,143,479.88 Pagalof1 $2,3=0,996.73 52,621.916.33 5280,919.61 52.902,835.9-4 500/3 5303,180.00 $677,661.19 5758,980.54 581,319.34 5840,299.88 50% $303,180.00 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1 - $ 1 1 00"05L"OEE $ 1 OTbb 100"0SL"OEE $ OTbb 00"SL $ RAMSEY COUNT) COST $ 132,000.00 $ 26,000.00 $ 176.00 $ 77.00 $ 5,000.00 00'OST $ 00'000"ST $ 00'01 $ 00'OOL $ 00'00E"t $ 00'006'D $ SZ "LOUT $ 00'BbS'T $ W N N Ql CO O ri N O O 4 CO t» r-1 N to N tf1 Lo m Ct N $ 840.00 $ 576.00 O 0 CA N N m N $ 14,816.00 5 1,904.00 O 0 O LID LO w N 0 0 n: CTl N 4 rn N $ 6,450.00 $ 1,023.00 00'OSL'ESZ $ 0 0 to m W m co N 0 0 O o LID V to N 0 0 to N m lD N 0 0 O O O r1 N N 0 0 O o to lD N 0 0 6 0 ri N N ri N 0 0 LD io ri 14 <fl 0 0 to o LO t N N 1 $ 2,200.00 0 0 lD m to r1 N 0 0 o N N r-1 ri N 0 0 O lD O tf) in 0 O p CO N to N c-1 N 0 0 o tD O Ili N 0 0 0 LD CT M 01 N 0 0 6 0 O O Cr) N ri ri ri r1 O TH ri O N n. ri ri TH min CO N m m 'cf in in Cl- dt ri M Ch ri CP o d- ri CT LC)N N LID CA ri CP c--1 to to to Cr 0 lfl r-1 m 7000 If) C71 3900 25 0 to ri 0 o ri 1830 CO W to CO c--1 0 O .--1 512 LOT 46 1044 46 783 0 0 O 0 0 0 0 0 0 N m ri N 0 0 0 0 0 tD N N $ 176.00 $ 77.00 $ 5,000.00 00"OSt $ 00'0001ST $ 00'Ob $ °TOOL $ 00'OOE'T S 00'006"b S C7 O 00 111 r1 N to N N 0 V r1 N $ 10,392.75 $ 1,884.00 $ 4,365.25 $ 840.00 $ 576.00 0 0 00 N N m N 0 0 0 0 lD V r -I o 00 CT V ri ri N N 0 0 o lD tO w N 0 0 N CT N Cf. m N 0 0 o to V UC) N 0 0 m N co r1 N 0 0 O to N V N N N $ 83,635.00 $ 54,600.00 0 0 to N m lD N 0 0 o 0 o r1 N N 0 0 O 0 Ln W N 0 0 O o ri 00 N ri N 0 0 lD to ri ri N 0 0 to 0 VD t N N 0 0 O o N N N 0 0 lD m Ln ri N 0 0 O N n. ri r-1 N 0 0 O lD O tf1 N 0 0 O 00 N to N r-1 N 0 0 O LO 0 to N 1-$ 93,960.00 0 0 o 0 O O M 0 0 Z U U C O a ri ri O O N t\ r1 O N ri ri m 00 to N M m to tit ri M Q1 ri (P O ri 269 ID N (P (P ri ri to Lf) to O to ri Ql 6200 CPri 3900 to O to c--1 O O r -i m 00 68 to CO ri O O ri N ri to N. O ri lb V V O 46 m CO n• 0 O rl U a 0 F— H G Z icC W --lb) cc � O C1= CI- Z Q H 0 H 0 W $ 132,000.00 $ 26,000.00 $ 1,600.00 $ 700.00 $ 2,500.00 0 0 O O o o o o t\ m ri N N 0 O in m N 0 O O V N 0 O O O 0 LS ri N 0 O O to N 0 O W N to N m N to o M O N tD N N N to N rt N 0 O LO N 0 O N N 0 O N ri N 0 O Lc; ri N 0 O lD ri N 0 O N r 1 N $ 7.00 0 0 m V N 0 0 ri ri N $ 36.25 $ 43.00 0 0 d- r-1 N 0 0 m to N N 0 0 0 V c i N 0 0 to UD N 0 O O N N 0 0 N T.(M <n 0 0 M ri N 0 0 N N N 0 0 m N $ 110.00 $ 110.00 0 o O N ri N 0 O O ri ri N $ 120.00 $ 30.00 F.., Z W 2 U OH Z w O C/ D.d 2 f- Z LUMP SUM EACH W U Q w=_= U < U << UJ U U Q<<<< W W 2 U LU 2=_ U W U W U UJ L Z J Z J L t Z Z J J t Z J t Z J t Z J 0 r V1 0 0CC >- >- d d V1 to QIP OS > d to d V1 d to CU YD CU YD CU YD O r HOUR M GALLON CU YD EACH 0 d V1 EACH GALLON z O TON TON z ~ r TON CU YD MOBILIZATION COMBINATION FIELD LABORATORY -OFFICE CLEARING GRUBBING REMOVE CONCRETE HEADWALL REMOVE MANHOLE OR CATCH BASIN REMOVE HYDRANT REMOVE SIGN REMOVE SIGN TYPE SPECIAL REMOVE SIGNAL SYSTEM A SALVAGE SIGN SAWING CONCRETE PAVEMENT (FULL DEPTH) SAWING BIT PAVEMENT (FULL DEPTH) REMOVE SEWER PIPE (STORM) REMOVE CURB & GUTTER REMOVE BITUMINOUS CURB REMOVE CONCRETE CURB REMOVE FENCE IREMOVE CONCRETE WALK REMOVE CONCRETE PAVEMENT REMOVE CONCRETE DRIVEWAY PAVEMENT REMOVE BITUMINOUS DRIVEWAY PAVEMENT REMOVE BITUMINOUS PAVEMENT REMOVE RETAINING WALL REMOVE BITUMINOUS WALK EXCAVATION - COMMON SELECT GRANULAR EMBANKMENT (CV) COMMON EMBANKMENT (CV) TRACTOR MOUNTED BACKHOE STREET SWEEPER (WITH PICKUP BROOM) WATER 1AGGREGATE BASE (CV) CLASS 6 DOWEL BAR CONCRETE PAVEMENT 8.0" 1 DRILL & GROUT DOWEL BAR (EPDXY COATED) BITUMINOUS MATERIAL FOR TACK COAT TYPE SP 9.5 WEARING COURSE MIX (2,B) 1TYPE SP 9.5 WEARING COURSE MIX (3,B) TYPE SP 9.5 WEARING COURSE MIX (4,F) 1TYPE SP 12.5 NON WEAR COURSE MIX (3,B) TYPE SP 12.5 NON WEAR COURSE MIX (4,B) 1STRUCTURE EXCAVATION CLASS E 1MODULAR BLOCK RETAINING WALL w W cc 1— Al Al V 1 ' D W 2 w 2 W O H Z — 2021.501 2031.502 2101.505 2101.505 2104.502 N N 0 0 to to V V o 0 ri r -i N N N 0 to V 0 ri N N 0 LI) Cf 0 ri N N 0 to V 0 ri N N 0 to V o ri N 2104.503 2104.503 2104.503 2104.503 2104.503 2104.503 2104.503 I 2104.504 2104.504 2104.504 2104.504 2104.504 2104.518 2104.518 2106.507 2106.507 2106.507 o r1 tD M N ri N O ri LC) m N ri N M N to 0 m ri N 2211.507 N 0 to ri 0 m N 2301.504 2301.602 2357.506 2360.509 2360.509 2360.509 2360.509 2360.509 2411.507 2411.618 U) <-11 O 0 o N N V ri O 0 m N LO 6'Q1 O 0 o ri co N in 0 0 0 O fn O�; il)Vl i N i to O 0 o 61 N N , N 00000 O d co tD N N to N N N V N 0 d V N cdm to 0 o ri N ri to O 0 to co in i N in V to to to to i to to i N to to to i to V) i N i in to N V) V) in. in N N to to to to to N in to U) to to 1 $ 2,931,359.60 J $ 555,000.50 V L13Q1 H f+ r+ m N r1 Cm`l CO N v to V d- t• --- N < $ 32,000.00 $ 76,000.00 $ 210,000.00 $ $ $ 11,000.00 $ 7,200.00 cn o o O d LT) U3 Q1 N co V) 1- $ $ $ 43,704.00 $ 47,208.00 5 1,540.00 $ 149,254.00 5 59,985.00 $ 6,480.00 $ 8,127.00 $ 20,636.00 5 28,500.00 $ 6,000.00 $ 9,000.00 $ 24,000.00 $ 960.00 $ 3,576.80 $ 450.00 $ 39,000.00 $ 400,000.001 $ 165,000.00 $ 1,800.00 00'006`E $ 00'008'? O O O O N N V) o O O N CO to to 0 O O O o N 0 O GO N W m to $ 21, 223.20 $ 302.45 $ 21,894.00 $ 8,13 2.00 $ 832.50 0 O lD N m r-1 to o N V CO to ri to O O to V CT) N V? O O 61 O m r-1 to O N to N to nei to O O lD 01 rn m to to $ 32,000.00 1000 $ 76,000.00 2000 $ 384,720.00 2000 $ 20,628.00 ri 61 tD CA V CO N N N lDto O m V to 01 lD 00 N 0 rl lD r1 ri m p N V lD ri r1 rl O O rN rl ri 35 O O o u CO V m N o d1 mril V N O 170 W in m V N -1 216 00 rim 00'00Z1. $ 00'000`TT $ 00'00E`0T $ 00'0T8`6TZ $ $ 28,290.00 $ 9,650.00 $ 28,680.00 $ 40,272.50 O 0 6 V N 00 to S 17,710.00 $ 5,850.00 $ 43,704.00 5 47,208.00 $ 1,540.00 $ 149,254.00 $ 59,985.00 0 0 O OO V W V> 0 0 N N r -I CA In $ 20,636.00 $ 28,500.00 $ 6,000.00 $ 9,000.00 $ 24,000.00 $ 960.00 $ 3,576.80 $ 450.00 00'008`T 00'000'59T $ 00'000`00' $ 00'00016E 5 00'006`E $ 00.008`? $ 0 0 O O N N. V1 0 0 O N LD Vi to 0 0 O O 0 ri. to 0 0 00 N LO to to $ 21,223.20 $ 302.45 $ 21,894.00 OS'ZE8 $ 00'ZET`8 5 0 O tD N m r1 U) 0 N V CO to r1 to 0 0 tri V 61 N V) $ 1,309.00 $ 13,525.20 0 0 tD 0) 01 m to $ 3,457,360.10 m 61 N ri U1 ri 61 m N O ri 00 V V) V CO CO m to V1 CO V CO V N N O N VD 'Crm O m to Li) V Ln m ri lD cA lD N 0 O to ri LLD ri ri m N V W ri ri ri 0 0 N r-1 ri 35 o V 00 o O ri to O rl 00 N V m tD N o 61 00 m m N c -i 170 V V V1 -i lD N m tD r1 N TOTALS Q1 00 V) ri o O 0 O N 05 m m to V) 0 O N ri 0 0 O O tri m to N 0 O O 0 tD 0 O O 0 m 0 O O to 01 r -i 0 O 61 0 O ri N 0 O N N 0 0 O O 06 ai V N r1 O O N N U? to to in to V) to to V) V) ill to V/ io V) 1J) to Cr} CO. to O O 01 ri 0 O O O O r1 CI) to to N O O O N m 0 O to 00 0 O LA N 0 O O O O 61 m V? to Cr} Ul CO V> 0 O 01 O O O O 61 m O O O N N In N lD 0 tn V1 O V V to c --i ri O lD N O O 0 O to N ri r -i O 00 N to to V) u) CO CO V> CO to to to to N V> 0 0 0 0 O V1 N Vl LA of O 00 ri ri z 0 F- L z J z J z J 2 U W 2 U W U w W U w W U W L z J z J z J L z J S U W L d U w W L z J 0 >- d L z Ln J O >- 0' d d z J 2 U w W LUMP SUM LUMP SUM 2 U Q W L L d LUMP SUM w F- >- > - - LUMP SUM LUMP SUM >. 3 0 0 >- d 0 d 0 2 3 0 o_ M GALLON Li z J z J z J d to STRUCTURAL BACKFILL GRANULAR BACKFILL LU w w V) UJ 0 a. 15" RC PIPE SEWER DESIGN 3006 CLASS V 24" RC PIPE SEWER DESIGN 3006 CLASS IV CONNECT TO EXISTING STORM SEWER ADJUST GATE VALVE AND BOX CASTING ASSEMBLY ADJUST FRAME AND RING CASTING N z C7 W 0 W c c w U Q 2 Q m 0 3 c t/1 z 0 U 0 N 0 V 0) V z l7 t/) W 0 W 3 0 cc w C7 Q z Q cc 0 0 cc to z 0 U O N O V O tD z C7 N w 0 w 1- F- w C7 Q _z 4 CC 0 0 cc tn z 0 U INTO EXISTING DRAINAGE STRUCTURE 4" CONCRETE WALK 6" CONCRETE WALK DRILL AND GROUT REINF BAR (EPDXY COATED) CONCRETE CURB AND GUTTER DESIGN B624 8" CONCRETE DRIVEWAY PAVEMENT CONCRETE CURB DESIGN V 6" CONCRETE VALLEY GUTTER TRUNCATED DOMES PORTABLE PRECAST CONCRETE BARRIER DESIGN 8337 ADJUST HANDHOLE TRAFFIC CONTROL SUPERVISOR TRAFFIC CONTROL INSTALL SIGN SIGN PANEL SPECIAL TRAFFIC CONTROL INTERCONNECT TRAFFIC CONTROL SIGNAL SYSTEM A TEMPORARY SIGNAL SYSTEM CLEAN ROOT CUTTING STABILIZED CONSTRUCTION EXIT EROSION CONTROL SUPERVISOR STORM DRAIN INLET PROTECTION FILTER BERM TYPE 5 SEDIMENT CONTROL LOG TYPE COMPOST BOULEVARD TOPSOIL BORROW FERTILIZER TYPE 3 SODDING TYPE SALT TOLERANT ROLLED EROSION PREVENTION CATEGORY 20 SEED MIXTURE 25-131 RAPID STABILIZATION METHOD 3 z_ 0 z 0 CL F - z w z 0 0 0 3 w Z J 0 J 0 In V 4" BROKEN LINE MULTI-COMPONENT GROUND IN K 4" DOUBLE SOLID LINE MULTI-COMPONENT GROUND IN CROSSWALK PREFORM THERMOPLASTIC GROUND IN ENHANCED SKID RESISTANCE N O tD ri to V N m O V) m 0 to N n1 O to m 0 1.11N m O to m O tn N O tD m 0 in N N 0 V1 tD 0 1n N m O to lD O to N m O to tD 0 to N W rl V1 rl N in N 00 ri to r4 N LC) N m O to r1 m LC) N V O Lc) rl m Ln n1 O tD ri m to V O lD r4 rn n4 N m O to m m Lri ri O tD m tD in N r1 0 to Cr; N to N N O W m n1 O Ln m N In N m O to m N to N m O 1) Cr; N to N N O V) N N 03 O V1 N If) V O V1 to N In N V O V1 V1 N Ln CV Lr) 0 Ln V1 N to N 0) 0 V) LA N m N m O LA 03 to N m O to 03 Ln N m O V1 N 0) tn N 0) rl V) N 03 tfl Future Roadway Costs 0 O U v N O 0) 4- (0 O 4473 U �L N 0) (0 4) (1) co L- 4-1 a) -0 O D V) (0 0 CU a) 4 v. N N -1-21 V1 to * W * N 0 0 L 03 0 r -i t---1 d Ssi" o CO t\ In lD N N. O O N NO> l) 1p d G") In W tl} N Nr-- m cm CO t/} -V} to if)- in. tj may. in. > 0 L a E i-� N 0 U L CU � N In O in CO O O O Ql QJ O� Nra, lD cJ (JD cl" N t� N d lD t\ O N m ct lfl N Ql t!} t!} .� t/} in- N /} in 0 L 0. E 0 Lec c a o m m o CO m o m CO o M Ln N N N N O N N N N to to In in . In to O Ln vc Lfl% O Lfl% in rThN to in l -n N N ,r-1 ci r_i-i cl r I ' I N (Ns%-./} {/} in. i../} .V} /} -( t/} tnni - mprovement Type endar Year fB U Reconstruction c 0 (0 (0 a3na in cn in cn c cn s _ >-- s (0 _ U U (0 U U U u (0 (0 v (0 (0 a) CC 03 U U > U U U 4 4 � 4J +a 4J (0 c0 -a (0 cO a (a U U co U U 0 c� U 03 (13 (0 03 = CO Seal Coat/Crack Sea Reconstruction 1L C 0 43 a) c0 7 E \ (i CO U iii) -L. 0L ) cc CU Li 4-) • 0 Q_ ,L 0 c a) Q. U c0 0 1+- — — 1 (0 — —_ C Full Reconstruction V) in N 00 ict O Cf) N CO ict 0 M O In fB O N CO m 'Cr to In CD lD N co N it' ct- N 0) O 0 0 0 0 0 0 0 0 0 0 0 -V)- .r 1 in 1- (Y) N N N N N N (NI N N N N t/} t!)- < d m a Lf) ci t- m Ql Io r -i ci N m m d St Lfl X OJ '0 c Annual Increase in to 0 U a0 x c v 'LS CO CO C H 0 0 c 2 MnDOT Excavation Cost Index X OJ C N 0 U a +_ X O 'fl C. c O U F- 0 0 c 5 L co 0) >- f0 f0 a) X O w -0 C C tie to O o o o 1 j o o in m O ti)m twD O 1D M o In En m Q1 (Ni m O Ni O ri W, i 0 0 cr o tD m to o m m 00 o m co M tD Cr)al o o to N o M �t o N N N N m m N N m m m m ct O i-1 N M to tD N co Ql O N M M H ri 1--1 ri ci c I r♦ ri ri 1-1 N N N N W O O O O O O O O O O O O O O Annual Increase Annual Increase N N 11 n tDD ttDD r -t En ci O O ggeg 00 m ri O 0o O o0 0v, li N NN ri 1\ 1 N cci M N 1 Q71 ci m N N N Izt r4 m m ri to c-1 tD to ri o o m to m Ql m r1 tD ri H N N N N N N NM m N u1 O ri N m nzt to ID N co Ql o H t M e 1 H ri c-1 a i ri ri c-1 -1 a --I N N C N O O O O O O O O O O O O N O N N N N N N N N N N N N N N N 0 N o N N ct Cr. N o c N ri tO H . tD O o to ri 1 ri al ID N 1j tW 00 N N N N N N m o r-1 N m to W N co Cr) O r1 N M 1--1 c -i 1-1 ri H ri c-1 r1 N N N N O O O O O O O O O O O O O O NNNCVNNNNCVNNNNN 0 0 0 0 0 0 0 0 0 0 0 c i to c-1 Ol O u1 Ql N tD tD CO Cr N LO CO Ictc i tD O ri O IL) O al Ol M N N N M c -i 4 m m ri N t\ tf 0en in N to M N w O 00 lD r --%N N N 00 1.13N r•-• )11 M (9 Li) m m I� t0 C M �t r• -•O CT) N to N. Q tD en ri ectm tD CP o m 0o N m tO to ri m en ri M M M 0 0 w 0 H ci c-1 N M W r♦ ri rI H ri H ri ri Q %- O 1-1 N m �t to tD N co m O ri N M M c i ri c i c i ri ri ri c-1 ri ri N N N N 0) O O O O O O O O O O O O O O i N N N N N N N N N N N N N N AVERAGE (2010-201( Minnesota Highway Construction Price Trends Calendar Year Cost Index 540 520 500 480 460 440 420 400 380 360 340 320 300 280 260 240 220 200 180 160 140 120 100 80 60 40 Annual Price Trends 4.(r% co ®«Composite Index A=== Roadway Excavation Surfacing Index Structures Index impinon. a "%Gilt WM WM MM MU 1� 11 la II'iigemmmm gum mow Man-"mow -- __ tLIS S '/ MM ii r WW WWWWM MWWWMAI W� % ;AVOW IIMMEM Or MAIM co 0) o N M V h co � 0) �0) O O N N N M V• <n co I\ w 0) o N N N N N N N N N N N. Calendar Year 1540 1.o t. N NNNNNNNNN NN COYPOSi U h COST IINDEX 400 - 380 360 340 320 300 280 260 240 220 200 180 160 140 120 100 Yearly and Quarterly Price Trends 3.6% 1 1 1 1 Quarterly Cost Index Calendar Year Cost Index 80 M • tic 4) co t\t.1\ co t. t\0) (\,/ <)% � 0)�°)00)�OOOOOOooooQjO O O O O O N N N N N N N N N N N N Calendar Year ti(:) N N N (\4/ No N N N N MnDOT Construction Cost Index Year Quarter Excavation Index Bituminous Surfacing Concrete Surfacing Surfacing Index Reinforcing Steel Structural Steel Structural Concrete Structures Index Composite Index 1987 1988 1989 1990 1991 1992 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 1993 1994 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 1995 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 1996 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 1997 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 100.00 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 66.35 111.84 87.81 89.72 84.08 121.34 70.45 137.56 103.72 75.54 67.71 97.07 66.99 78.30 86.48 67.72 105.04 47.98 67.31 134.20 84.69 90.06 99.54 90.60 100.00 100.00 100.00 81.02 81.51 73.97 80.75 92.87 96.02 94.14 103.63 95.68 76.99 107.04 104.76 85.55 89.60 98.29 96.33 103.63 93.59 88.57 90.06 107.54 91.13 92.01 92.72 87.63 135.39 94.50 89.42 89.56 113.28 91.13 93.23 1998 1999 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 115.56 75.92 152.37 65.52 75.38 100.19 96.79 122.17 106.72 100.58 81.67 104.57 102.13 148.85 97.24 96.37 98.39 118.04 115 41 98.89 85.69 71.02 77.42 92.70 83.05 119.58 124.27 95.12 97.01 103.02 96.75 81.65 97.72 111.23 105.58 111.81 109.11 104.71 98.57 87.87 100.07 110.24 95.94 102.36 105.41 99.05 90.36 103.65 92.40 97.07 106.14 97.53 100.31 105.41 98.64 117.41 96.00 122.35 127.75 108.51 100.29 104.63 135.95 106.99 100.00 100.00 100.00 100.00 108.25 107.22 110.27 115.44 109.73 113.11 103.87 110.57 107.04 109.34 91.18 95.60 110.45 94.37 97.90 98.44 99.37 110.43 100.80 102.26 120.87 108.73 116.66 138.53 115.99 141.72 102.24 107.48 121.78 111.15 101.41 98.24 94.73 146.33 97.29 112.36 101.04 101.34 140.47 103.45 115.62 122.11 117.17 118.55 117.48 140.73 105.43 112.70 108.99 112.81 102.05 110.57 92.03 133.76 99.09 111.55 111.97 100.67 126.38 105.17 115.23 110.99 122.95 106.38 111.54 123.22 128.81 84.44 121.31 91.37 103.22 110.48 80.29 93.98 101.72 109.27 113.49 86.22 102.28 106.10 119.25 99.53 105.69 106.37 96.66 109.95 108.35 91.58 105.54 92.71 112.93 131.75 116.35 112.38 96.07 113.67 121.22 109.83 109.98 100.00 104.73 101.97 117.01 94.47 101.91 87.06 101.79 84.12 96.30 101.08 101.93 117.01 92.33 100.75 118.06 109.83 97.06 119.80 108.13 139.75 128.78 112.58 127.30 102.08 97.52 65.66 104.90 90.07 111.88 105.46 73.25 109.22 100.21 90.59 92.34 85.22 182.25 95.07 97.54 102.90 109.02 110.42 102.48 95.57 104.22 136.56 103.89 104.96 97.13 103.17 114.70 109.08 102.99 95.53 99.49 113.46 107.55 99.81 115.74 111.29 109.43 113.94 99.70 99.49 113.02 107.93 102.73 92.20 95.01 131.87 124.66 97.12 123.35 113.11 150.79 113.40 117.89 98.62 98.74 135.77 122.34 101.40 107.57 107.53 130.99 134.59 109.84 112.89 153.26 0.00 125.63 108.66 116.96 130.99 134.59 113.10 124.56 122.21 150.01 155.16 124.06 135.20 133.04 129.84 132.22 126.75 124.44 145.85 155.16 125.95 130.95 137.50 135.66 143.08 135.87 210.30 139.09 202.56 142.46 147.31 137.83 135.66 155.34 137.23 115.00 114.87 99.78 109.23 105.52 95.98 111.66 98.51 110.88 123.67 109.55 96.09 98.97 101.55 120.83 110.84 99.56 100.93 103.98 120.72 121.32 151.42 121.52 121.47 122.37 132.48 126.83 114.68 117.95 144.16 111.82 116.53 117.23 121.17 145.92 114.16 119.32 88.98 100.58 99.46 100.39 94.90 101.11 90.35 113.09 111.64 97.90 98.06 98.17 109.65 111.83 98.41 101.16 97.43 110.44 81.62 96.04 118.80 130.48 120.96 141.02 120.85 178.06 178.06 100.96 127.59 119.41 144.36 106.59 118.05 128.29 119.79 143.55 121.98 117.44 129.60 124.92 122.08 93.82 107.48 119.62 99.44 125.60 117.89 116.28 122.32 118.39 118.40 118.59 118.25 107.07 100.67 105.29 106.01 100.98 130.86 123.71 133.21 122.66 127.70 146.08 146.08 125.58 118.20 126.04 110.58 121.58 126.86 119.53 127.51 119.22 127.10 133.64 121.34 125.58 132.10 124.73 168.87 107.12 114.64 126.39 121.92 121.78 183.75 124.72 128.14 121.78 130.81 160.00 122.95 101.53 100.08 100.83 94.91 97.70 107.11 101.09 115.44 100.29 99.32 103.10 102.42 116.46 107.29 104.63 102.38 109.88 129.72 123.91 107.13 112.93 114.38 125.27 132.88 114.03 122.75 120.10 139.40 140.22 123.58 133.51 126.58 125.78 160.66 126.75 Year Quarter Excavation Index Bituminous Surfacing Concrete Surfacing Surfacing Index Reinforcing Steel Structural Steel Structural Concrete Structures Index Composite Index 2000 2001 2002 2003 2004 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 2005 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 2006 2007 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 96.35 111.93 102.18 115.61 105.38 2008 2009 2010 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 91.27 116.05 109.17 157.83 123.17 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 2011 2012 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 123.44 148.48 95.26 115.64 119.16 149.11 126.34 142.18 129.12 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 89.34 101.93 156.87 171.37 103.48 141.29 138.88 128.03 136.47 138.87 153.08 158.17 170.73 157.19 143.73 142.86 128.03 143.53 142.65 131.58 135.28 130.04 160.90 137.25 133.42 149.20 154.51 185.56 153.92 131.96 138.15 135.09 165.98 140.69 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 91.95 152.75 135.85 131.93 130.43 147.14 149.69 132.77 157.12 150.27 119.78 140.07 161.93 142.16 141.50 147.71 132.77 158.12 148.60 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 179.64 137.70 137.17 95.01 127.80 168.38 166.29 162.12 144.11 163.83 149.65 171.88 190.96 156.17 164.51 167.44 168.07 144.11 162.25 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 190.17 114.76 na 117.03 147.02 143.43 134.37 na 217.71 136.85 130.35 205.07 na 255.96 147.46 157.99 156.99 173.66 153.88 159.35 145.67 153.21 220.06 126.70 141.15 155.45 156.21 183.23 148.28 155.60 142.36 137.49 137.29 149.27 139.49 151.96 136.03 137.59 125.61 120.21 140.48 185.41 127.59 133.57 126.43 139.71 176.66 131.71 118.81 207.89 266.22 263.08 151.35 159.35 163.52 214.40 211.41 169.66 221.30 230.40 173.97 183.55 172.12 177.31 206.06 211.41 172.53 166.65 135.53 140.67 149.31 142.53 219.62 166.76 86.82 171.70 196.86 144.03 138.68 158.62 149.25 189.55 155.60 144.01 144.16 151.85 151.68 150.31 167.64 159.74 143.03 165.23 154.74 157.32 120.19 85.03 158.85 126.43 130.48 112.13 159.88 138.49 216.37 241.00 217.53 228.13 228.04 168.40 191.38 na na 173.91 206.48 230.77 na na 216.88 282.29 187.26 206.87 290.62 212.74 168.12 251.04 220.88 206.53 207.23 255.61 224.06 213.40 209.36 232.91 222.49 155.14 na na 198.59 248.78 209.85 na na 225.84 235.23 278.48 314.60 350.82 282.00 361.90 170.51 na na 175.62 261.34 256.22 na na 260.06 165.32 168.38 166.04 162.08 166.37 124.83 109.25 139.53 116.91 149.85 130.53 161.37 213.05 143.23 148.55 134.34 162.50 189.98 143.23 184.40 193.40 231.70 175.45 191.19 166.06 126.15 195.43 162.96 166.16 135.92 253.80 146.69 150.02 169.78 149.83 226.99 160.98 160.50 206.72 206.89 195.34 219A9 202.26 281.37 201.87 199.90 201.13 176.99 159.27 158.17 192.75 162.78 201.24 176.24 172.91 199.22 177.39 133.77 133.33 127.13 148.21 133.91 141.28 140.36 134.11 158.06 141.61 267.53 254.33 293.20 266.65 265.08 179.27 210.92 na 174.42 184.33 249.34 245.38 na 247.63 248.43 297.94 271.58 268.87 260.16 277.15 155.03 181.95 na 186.16 167.66 268.47 253.10 na 244.90 254.58 209.17 192.81 257.26 247.81 205.99 167.23 194.21 na na 183.53 196.99 184.52 230.67 212.00 193.74 194.19 187.87 na na 194.39 277.18 289.19 306.20 311.17 289.32 138.12 147.37 130.31 161.76 145.22 248.51 259.95 269.94 280.36 259.61 330.92 318.01 351.69 308.84 322.38 164.11 191.58 154.88 260.42 182.48 296.53 291.94 311.11 298.86 293.54 236.81 221.84 na na 233.69 283.08 187.19 na na 262.24 202.21 214.66 na na 204.79 223.31 211.27 na na 220.64 409.19 286.47 295.44 242.71 349.63 na 267.39 215.32 na 239.92 189.70 199.61 196.42 187.20 195.24 na 228.83 219.48 na 233.87 135.49 136.82 132.77 149.61 140.73 153.05 154.57 160.21 159.77 151.60 212.65 220.70 na 202.59 213.94 703.64 249.11 na na 252.12 212.26 218.60 na 211.65 214.03 298.60 224.37 na na 220.70 215.46 226.17 na 222.91 222.32 171.69 253.31 na 197.32 197.81 212.82 208.48 na 245.20 226.24 206.13 219.88 na 232.35 220.47 150.36 146.23 192.95 155.53 149.61 169.57 173.44 185.71 193.94 167.97 267.60 249.70 na 253.69 254.49 216.82 na na 216.82 233.93 236.44 na 261.73 237.48 na 235.64 na na 237.25 282.92 267.40 228.22 260.22 261.73 na na na 221.19 221.19 274.47 218.35 na 193.13 201.04 na na na 211.43 216.68 198.82 204.11 na na 197.10 232.47 196.60 na na 212.88 na 230.20 ** na 234.22 247.42 233.08 na na 225.32 227.65 236.32 na 243.64 229.17 na 241.97 na na 245.95 na na na 258.54 257.36 Year Quarter Excavation Index Bituminous Surfacing Concrete Surfacing Surfacing Index Reinforcing Steel Structural Steel Structural Concrete Structures Index Composite Index 2013 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 192.74 185.76 na 304.08 201.96 299.93 211.51 281.70 337.29 208.92 310.83 na na na 329.32 181.06 298.75 320.88 197.83 295.51 237.57 na 236.42 na 259.80 na 294.45 na na na na na 284.22 na 304.71 na 277.52 na 285.73 na na na na na na 276.99 210.59 269.59 260.71 266.37 307.37 260.77 270.06 na na na na 280.50 na 353.97 na 274.37 247.88 276.96 271.34 284.46 286.95 na na 283.58 2014 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 296.52 252.80 175.49 186.92 236.40 316.42 211.06 294.70 335.14 191.32 305.49 353.17 195.49 320.66 331.02 219.23 307.97 329.72 199.71 302.92 314.58 na 346.21 na 307.64 na 323.07 na na na na na 286.55 na 283.49 na 307.10 na 327.03 na na na na na na 2015 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 221.14 246.97 na 328.75 253.63 320.13 278.25 311.49 329.07 286.36 320.27 315.16 na na 287.05 252.29 279.88 314.25 268.68 304.86 287.15 na 311.20 na na na na na 307.96 na na na 241.99 na 406.69 na 270.74 na 345.79 na na na na na na 2016 1st Quarter 2nd Quarter 3rd Quarter 41h Quarter Year End 350.11 231.37 na 178.34 231.36 267.82 248.95 263.93 234.73 na na 247.55 na na 243.09 555.46 307.49 250.05 250.81 250.21 269.81 202.59 327.42 294.02 276.40 267.39 273.41 272.95 275.34 na 331.76 na 281.12 na 407.46 na 275.46 219.99 296.68 278.99 276.14 293.74 na na 281.23 2017 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 214.30 417.50 292.77 265.55 293.12 287.42 262.73 282.33 278.25 252.26 272.89 297.10 na na 294.63 249.94 285.41 286.17 253.15 279.37 267.72 na 296.98 na 353.04 301.16 528.28 453.46 323.87 na 391.97 na 340.57 na 387.73 na 318.14 301.16 383.03 355.71 na 364.03 na na 324.82 2018 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 290.56 328.73 na 498.92 342.66 287.14 198.29 268.82 349.77 218.93 322.80 296.52 na na 342.29 241.11 321.43 324.40 219.00 302.67 330.75 na 395.52 na 349.45 na 386.94 na 294.40 na 381.09 na 307.48 na 433.71 na 319.32 na 409.36 na na na na na na 2019 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 435.26 640.82 na 902.48 530.81 338.73 238.13 317.99 359.54 576.15 404.20 416.94 na na 363.33 270.02 344.09 349.79 292.11 337.90 318.69 na 454.17 na 349.03 na 558.40 na 285.27 na 431.44 na 298.09 na 416.29 na 317.53 na 456.62 na na na na na na 2020 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 448.30 513.68 281.90 439.97 414.53 343.28 296.54 333.64 365.19 na na 277.27 296.47 281.23 384.81 na na 350.93 296.53 339.71 333.35 na 395.65 na 442.60 na 558.60 na 364.15 na 519.71 na 314.13 na 517.08 na 326.69 na 485.87 na na na na na na 2021 lst Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 343.17 581.16 411.25 230.82 260.94 324.90 275.65 314.74 341.34 302.84 333.40 368.72 na na 403.23 284.33 378.71 358.42 285.54 343.39 385.12 na 439.60 na 520.04 na 622.53 na na na 2022 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End 481.92 515.90 432.21 276.74 400.16 439.65 287.86 408.35 NA - Not applicable due to insufficient data. t. Heather Butkowski From: Sent: To: Cc: Subject: Attachments: Maxwell, Alan <Alan.Maxwell@co.ramsey.mn.us> Wednesday, October 18, 2023 10:36 AM Heather Butkowski Mazzitello, John RE: 2026 Mill and Overlay Eustis Street S_Future Road Costs - Ramsey County Estimate.pdf Caution: This email originated outside our organization; please use caution. Hello Heather, After we spoke yesterday I reviewed with John where the City was at with the cost share vs. turnback decision. After discussing the future costs you showed me, it is the County's opinion that assuming a 4% or 5% over the next 55 years is on the excessive side. We have seen inflation that high (or higher) over the last couple of years, but these rates have been quite volatile and a deviation from the normal inflation we see over longer periods of time. Construction costs have traditionally gone up between 1.5% and 2%, especially if you take annual cost increases over that length of time. have included a 2% assumption in the attached mark-up to show that difference that would make. Moreover, if you assumed a 5% annual increase on your existing road system segments, they would have scary high numbers for future construction costs, too. But given the length of time we are talking about, we think that is very unlikely to actually happen. Additionally, while the 2025 reconstruction will include the traffic signal, retaining wall, new storm BMP, Right -of -Way, etc. It doesn't stand to reason that a future reconstruction would require all of that. With a sidewalk in place and a drainage and utility easement obtained in 2025, a future reconstruction that focuses on replacing curb and pavement should have significantly Tess scope and right-of-way costs. If these costs were removed from the 2025 Eustis Street Project, we would be looking at a construction cost of $3,500,000 instead of $6,300,000. By comparison a similar project to that scope, where the main focus is on restoring the pavement condition, that we are reconstructing in 2024 is sitting at just shy of $2M and nearly twice as long as Eustis Street. Lastly, we did discuss on the call that across the County our roads often go 15, 20, 25, even 30 years without having any work done on them before we go out to mill & overlay. And with such a low amount of traffic (even though there is truck traffic) on Eustis I would anticipate the road would hold up longer on average. I venture to guess that is why the last full depth reclaim has gotten the road through the last 32/33 years. We have been building roads with the proposed cross-section we are proposing for Eustis Street for over a decade, and they are holding up remarkably well, even on County Roads with much more traffic (and truck traffic) than Eustis Street has, or would expect to have in the future. This is just some food for thought, hoping to give you some piece of mind before you set off for vacation. I'll see you next week for the open house, /flan Maxwell, PE (MN) 651-266-7157 office — 763-388-1258 mobile ramseycounty.us Future Roadway Costs Eustis Street South 0 U IFS c 0 U aJ O N L QJ c O U 0 a) (0 R3 N E cn N Q 3E- 0 N 0) O 0 1 > 43 c N E O > O L Q. E 1*1.1486 = $17,831.05 * 1.2936 = $20,080.55 * 1.4568 = $219,248.40 * 1.6406 = $25,467.03 * 1.8476 = $28,680.29 *2.0807 = $1,252,581.40 *2.3432 = $36,373.49 *2.6388 = $40,962.09 *2.9717 = $6,708,612.75 0" 0 LO Ln 0 a) UU a) 0 Q E 00 CNI 00 ct LO w LID N c O +7; l 00 c c mprovement Type Calendar Year Reconstruction LL LO tn- LO cnN m LN ai N 0 rn 1 O CO M O CO M M m 0 N N N N N N In in in O in in Ln L11 0 Lfl LI) N Lfl Lli r -i ri c -r c-1LID -V)- t!) (/) : /) •{1.)- .(1) - c o c O (0 (0 (0 (0 a) (0 Ln cn cn Ln E Ln _ _ • _ _ (0 _ U u u u u u (0 (0 N 03 R3 dJ U U > U U U 4J � � 4) (0 (0 -O (0 (3 Q. (0 O O c O O QJ 0 U U cz U U p U 1 (0 (0 —C_ (D (0 = (0 cn (n G In v) LL Ln Seal Coat/Crack Sea Reconstruction LL Lr) N 00 ct O LO N 00 ct O N m M ct- LTi in W l.O 00 0 O O O 0 O 0 0 0 0 N N N N N N N N N N O M (7) Ln r-1 N m CD Lf) r -i N M M ct d Lrl O = — a) -� 0 C U/) • E O O — O _EL O O a) U) U U > D CL a3 U j .0 have storm E n W N C O U D O) CJ) C O 0 scp a) U O c O U a) O 2 Q co N 1' (M Q) Un c tn 0 a 4-+ Coat/Crack Sea R3 > 0 -0 c (0 -Depth Reclamation Reconstruction C LL 11 rn so in N wt- m ct• N 0 -(J)-in.ci In N -V)- -cn- V) City of Lauderdale, Minnesota Schedule of Property Taxes Levied and Tax Rates For the Years Ended December 31, 2023 (Actual) and 2024 to 2028 (Estimated) Property Taxes Levied for General Purposes 101 General 226 Communications 227 Recycling Subtotal Property Taxes Levied for Capital 2023 Actual Amounts 2024 Estimated Amounts 2025 Estimated Amounts 2026 Estimated Amounts n ant `a - ce1Zgpecks 2027 Estimated Amounts 2028 Estimated Amounts $ 1,010,172 $ 1,110,179 $ 1,187,892 $ 1,271,044 $ 1,360,017 $ 1,455,218 1,010,172 1,110,179 1,187,892 1,271,044 1,360,017 1,455,218 401 Capital Improvement 403 Street Improvement 404 Park Improvement 406 Park Dedication 414 Development 416 TIF District No. 1-2 y- - - - - - y - - - - - y- - - - - - y - - - - - y- - - - - - y- - - - - - Subtotal Property Taxes Levied for Debt Service 306 2019A GO Improvement Bonds TBD 1 2026A GO Improvement Bonds (Mill and Overlay) TBD 2 2026A GO Improvement Bonds (South Eustis) TBD 3 2026A GO Improvement Bonds (Park Projects) Subtotal Tax Capacity Tax Rates Total Taxes Levied Less: Distribution from fiscal disparities City Net Levy Personal and Real Estate Less: Contribution to fiscal disparities Adjusted net tax capacity Tax Levy ($) General Proposed debt levies Proposed capital levies Scheduled debt levies Total City Levy Tax Rate Population Taxes per Capita Median Home Value (Jan 2) Median Home Taxes (from city) % change from prior year $'s Tax Levy (%) General Proposed Debt General Proposed Debt General Fund Percentage Change in Levy (%) Total Change in Levy (%) y- - - - - - y - - - - 340,263 345,041 y - - - - 169,704 169,467 y - - - - 72,547 75,487 - - - 582,514 589,995 1,010,172 (129,672) $ 880,500 $ 1,110,179 (130,959) 979,220 $ 1,187,892 1,271,044 (132,269) (133,591) 1,055,623 $ 1,137,453 $ 1,942,531 (134,927) 1,807,604 $ 2,045,213 (136,276) 1,908,937 $ 3,391,905 $ (264,976) $ 3,126,929 $ 3,676,339 $ 3,786,629 $ 3,900,228 $ (266,067) (268,728) (271,415) 3,410,272 $ 3,517,902 $ 3,628,813 $ 4,017,235 $ (274,129) 3,743,106 $ 4,137,752 (276,870) 3,860,882 28.16% 0.00% 0.00% 0.00% 28.71% 0.00% 0.00% 0.00% 30.01% 0.00% 0.00% 0.00% 31.35% 0.00% 0.00% 0.00% 33.81% 14.48% 0.00% 0.00% 35.18% 14.26% 0.00% 0.00% 28.16% 28.71% 30.01% 31.35% 48.29% 49.44% 2,243 $ 450 $ $ 274,300 $ $ 737 $ 2,600 427 $ 2,626 452 $ 2,652 479 $ 2,679 725 $ 2,706 756 300,600 $ 834 $ 13% 302,103 $ 877 $ 5% 303,614 $ 305,132 $ 921 $ 1,427 $ 5% 55% 306,657 1,468 3% $ 1,010,172 $ 1,110,179 $ 1,187,892 $ 1,271,044 $ 1,360,017 $ 1,455,218 100% 0% 100% 0% 10% 10% 100% 0% 7% 7% 100% 0% 7% % 582,514 589,995 70% 30% 7% 53% 71% 29% 7% 5% Property Taxes Levied for General Purposes 101 General 226 Communications 227 Recycling Subtotal Property Taxes Levied for Capital City of Lauderdale, Minnesota Schedule of Property Taxes Levied and Tax Rates For the Years Ended December 31, 2023 (Actual) and 2024 to 2028 (Estimated) 2023 Actual Amounts 2024 Estimated Amounts 2025 Estimated Amounts S(emelms 17/ OtAt24 2026 Estimated Amounts 2027 Estimated Amounts 2028 Estimated Amounts $ 1,010,172 $ 1,110,179 $ 1,187,892 $ 1,271,044 $ 1,360,017 $ 1,455,218 MO 00 001 00 00 1,010,172 1,110,179 1,187,892 1,271,044 1,360,017 1,455,218 401 Capital Improvement 403 Street Improvement 404 Park Improvement 406 Park Dedication 414 Development 416 TIF District No. 1-2 y- - - - - - y - - - - y- - - - - - y- - - - - - y - - - - - y - - - - - Subtotal Property Taxes Levied for Debt Service 306 2019A GO Improvement Bonds TBD 1 2026A GO Improvement Bonds (Mill and Overlay) TBD 2 2026A GO Improvement Bonds (South Eustis) TBD 3 2026A GO Improvement Bonds (Park Projects) Subtotal Tax Capacity Tax Rates Total Taxes Levied Less: Distribution from fiscal disparities City Net Levy Personal and Real Estate Less: Contribution to fiscal disparities Adjusted net tax capacity Tax Levy ($) General Proposed debt levies Proposed capital levies Scheduled debt levies Total City Levy Tax Rate Population Taxes per Capita Median Home Value (Jan 2) Median Home Taxes (from city) % change from prior year $'s Tax Levy (%) General Proposed Debt General Proposed Debt General Fund Percentage Change in Levy (%) Y Y n n 00 SO OM en On 00 00 00 MO 340,263 .101 345,041 00 00 340,263 345,041 1,010,172 1,110,179 1,187,892 1,271,044 1,700,280 1,800,259 (129,672) (130,959) (132,269) (133,591) (134,927) (136,276) $ 880,500 $ 979,220 $ 1,055,623 $ 1,137,453 $ 1,565,353 $ 1,663,982 $ 3,391,905 $ 3,676,339 $ 3,786,629 $ 3,900,228 $ 4,017,235 $ 4,137,752 (264,976) (266,067) (268,728) (271,415) (274,129) (276,870) $ 3,126,929 $ 3,410,272 $ 3,517,902 $ 3,628,813 $ 3,743,106 $ 3,860,882 28.16% 0.00% 0.00% 0.00% 28.16% 28.71% 0.00% 0.00% 0.00% 28.71% 30.01% 0.00% 0.00% 0.00% 30.01% 31.35% 0.00% 0.00% 0.00% 31.35% 33.45% 8.37% 0.00% 0.00% 41.82% 34.84% 8.26% 0.00% 0.00% 43.10% 2,243 2,600 $ 450 $ $ 274,300 $ $ 737 $ 427 $ 2,626 452 $ 2,652 479 $ 2,679 635 $ 2,706 665 300,600 $ 834 $ 13% 302,103 $ 877 $ 5010 303,614 $ 921 $ 5% 305,132 $ 1,235 $ 34% 306,657 1,280 4% $ 1,010,172 $ 1,110,179 $ 1,187,892 $ 1,271,044 $ 1,360,017 $ 1,455,218 00 100% 0% 00 100% 0% 10% Total Change in Levy (%) 10% 100% 0% 7% 7% 00 100% 0% 7% 7% 340,263 345,041 80% 20% 7% 34% 81% 19% 7% 600 y — - - - - City of Lauderdale, Minnesota Schedule of Property Taxes Levied and Tax Rates For the Years Ended December 31, 2023 (Actual) and 2024 to 2028 (Estimated) S(ekte d g Fx Soutti tamit 2023 2024 2025 2026 2027 2028 Actual Estimated Estimated Estimated Estimated Estimated Amounts Amounts Amounts Amounts Amounts Amounts Property Taxes Levied for General Purposes 101 General $ 1,010,172 $ 1,110,179 $ 1,187,892 $ 1,271,044 $ 1,360,017 $ 1,455,218 226 Communications - - 227 Recycling - Subtotal 1,010,172 1,110,179 1,187,892 1,271,044 1,360,017 1,455,218 SEM IND .6m1 Ain Property Taxes Levied for Capital 401 Capital Improvement 403 Street Improvement 404 Park Improvement 406 Park Dedication 414 Development 416 TIF District No. 1-2 Subtotal feS Property Taxes Levied for Debt Service 306 2019A GO Improvement Bonds y - - - - TBD 1 2026A GO Improvement Bonds (Mill and Overlay) y - - - - 340,263 345,041 TBD 2 2026A GO Improvement Bonds (South Eustis) y - - - - 169,704 169,467 TBD 3 2026A GO Improvement Bonds (Park Projects) n - - - - - - Subtotal - - - - 509,967 514,508 Tax Capacity Tax Rates Total Taxes Levied 1,010,172 1,110,179 1,187,892 1,271,044 1,869,984 1,969,726 Less: Distribution from fiscal disparities (129,672) (130,959) (132,269) (133,591) (134,927) (136,276) City Net Levy $ 880,500 $ 979,220 $ 1,055,623 $ 1,1371453 $ 1,735,056 $ 1,833,450 Personal and Real Estate $ 3,391,905 $ 3,676,339 $ 3,786,629 $ 3,900,228 $ 4,017,235 $ 4,137,752 Less: Contribution to fiscal disparities (264,976) (266,067) (268,728) (271,415) (274,129) (276,870) Adjusted net tax capacity $ 3,126,929 $ 3,410,272 $ 3,517,902 $ 3,628,813 $ 3,743,106 $ 3,860,882 Tax Levy ($) General 28.16% 28.71% 30.01% 31.35% 33.71% 35.08% Proposed debt levies 0.00% 0.00% 0.00% 0.00% 12.64% 12.40% Proposed capital levies 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Scheduled debt levies 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Total City Levy Tax Rate 28.16% 28.71 % 30.01 % 31.35% 46.35% 47.49% Population 2,243 2,600 2,626 2,652 2,679 2,706 Taxes per Capita $ 450 $ 427 $ 452 $ 479 $ 698 $ 728 Median Home Value (Jan 2) $ 274,300 $ 300,600 $ 302,103 $ 303,614 $ 305,132 $ 306,657 Median Home Taxes (from city) $ 737 $ 834 $ 877 $ 921 $ 1,369 $ 1,410 % change from prior year $'s 13% 5% 5% 49% 3% Tax Levy (%) General $ 1,010,172 $ 1,110,179 $ 1,187,892 $ 1,271,044 $ 1,360,017 $ 1,455,218 Proposed Debt - - - 509,967 514,508 General 100% 100% 100% 100% 73% 74% Proposed Debt 0% 0% 0% 0% 27% 26% General Fund Percentage Change in Levy (%) 10% 7% 7% 7% 7% Total Change in Levy (%) 10% 7% 7% 47% 5% MEP 00 Oa Me IMP Property Taxes Levied for General Purposes 101 General 226 Communications 227 Recycling Subtotal Property Taxes Levied for Capital City of Lauderdale, Minnesota Schedule of Property Taxes Levied and Tax Rates For the Years Ended December 31, 2023 (Actual) and 2024 to 2028 (Estimated) 2023 Actual Amounts 2024 Estimated Amounts 2025 Estimated Amounts 2026 Estimated Amounts 5 C&IAaA) o Se Lail/ eu.s?4's 2027 Estimated Amounts 2028 Estimated Amounts $ 1,010,172 $ 1,110,179 $ 1,187,892 $ 1,271,044 00 eft $ 1,360,017 ANN $ 1,455,218 1,010,172 1,110,179 1,187,892 1,271,044 1,360,017 1,455,218 401 Capital Improvement 403 Street Improvement 404 Park Improvement 406 Park Dedication 414 Development 416 TIF District No. 1-2 y - - - y - - - - y - - - y - - - y - - - - y - - - - Subtotal Property Taxes Levied for Debt Service 306 2019A GO Improvement Bonds TBD 1 2026A GO Improvement Bonds (Mill and Overlay) TBD 2 2026A GO Improvement Bonds (South Eustis) TBD 3 2026A GO Improvement Bonds (Park Projects) Subtotal Tax Capacity Tax Rates Total Taxes Levied Less: Distribution from fiscal disparities City Net Levy Personal and Real Estate Less: Contribution to fiscal disparities Adjusted net tax capacity General Proposed debt levies Proposed capital levies Scheduled debt levies Total City Levy Tax Rate Population Taxes per Capita Median Home Value (Jan 2) Median Home Taxes (from city) % change from prior year $'s Tax Levy ($) General Proposed Debt Tax Levy (%) General Proposed Debt General Fund Percentage Change in Levy (%) Y n Y n 00 1010 410 Aft 00 169,704 On 169,467 me 169,704 169,467 1,010,172 1,110,179 1,187,892 1,271,044 1,529,721 1,624,686 (129,672) (130,959) (132,269) (133,591) (134,927) (136,276) $ 880,500 $ 979,220 $ 1,055,623 $ 1,137,453 $ 1,394,793 $ 1,488,409 $ 3,391,905 $ 3,676,339 $ 3,786,629 $ 3,900,228 $ 4,017,235 $ 4,137,752 (264,976) (266,067) (268,728) (271,415) (274,129) (276,870) $ 3,126,929 $ 3,410,272 $ 3,517,902 $ 3,628,813 $ 3,743,106 $ 3,860,882 28.16% 0.00% 0.00% 0.00% 28.16% 28.71% 0.00% 0.00% 0.00% 28.71% 30.01% 0.00% 0.00% 0.00% 30.01% 31.35% 0.00% 0.00% 0.00% 31.35% 33.13% 4.13% 0.00% 0.00% 37.26% 34.53% 4.02% 0.00% 0.00% 38.55% 2,243 2,600 $ 450 $ $ 274,300 $ $ 737 $ 427 $ 2,626 2,652 452 $ 479 $ 2,679 571 $ 2,706 600 300,600 $ 834 $ 13% 302,103 $ 877 $ 5% 303,614 $ 921 $ 5% 305,132 $ 1,101 $ 20% 306,657 1,145 4% $ 1,010,172 $ 1,110,179 $ 1,187,892 $ 1,271,044 $ 1,360,017 $ 1,455,218 100% 0% 100% 0% 10% Total Change in Levy (%) 10% 100% 0% 7% 7% 100% 0% 7% 7% 169,704 169,467 89% 11% 7% 20% 90% 10% 7% 6% Property Taxes Levied for General Purposes 101 General 226 Communications 227 Recycling Subtotal Property Taxes Levied for Capital City of Lauderdale, Minnesota Schedule of Property Taxes Levied and Tax Rates For the Years Ended December 31, 2023 (Actual) and 2024 to 2028 (Estimated) 2023 Actual Amounts 2024 Estimated Amounts 2025 Estimated Amounts 2026 Estimated Amounts 2027 Estimated Amounts 2028 Estimated Amounts $ 1,010,172 $ 1,110,179 $ 1,187,892 $ 1,271,044 G ED S lo $ 1,360,017 $ 1,455,218 1,010,172 1,110,179 1,187,892 1,271,044 1,360,017 1,455,218 401 Capital Improvement 403 Street Improvement 404 Park Improvement 406 Park Dedication 414 Development 416 TIF District No. 1-2 y - - - - y - - - - - y - - - - y - - - - y - - - - - y - - - - - OM Subtotal Property Taxes Levied for Debt Service 306 2019A GO Improvement Bonds TBD 1 2026A GO Improvement Bonds (Mill and Overlay) TBD 2 2026A GO Improvement Bonds (South Eustis) TBD 3 2026A GO Improvement Bonds (Park Projects) Subtotal Tax Capacity Tax Rates Total Taxes Levied Less: Distribution from fiscal disparities City Net Levy Personal and Real Estate Less: Contribution to fiscal disparities Adjusted net tax capacity General Proposed debt levies Proposed capital levies Scheduled debt levies Total City Levy Tax Rate Population Taxes per Capita Median Home Value (Jan 2) Median Home Taxes (from city) % change from prior year $'s Tax Levy ($) General Proposed Debt Tax Levy (%) General Proposed Debt Y n n Y G NI IMO iamb OEN SO S O 72,547 72,547 75,487 75,487 1,010,172 1,110,179 1,187,892 1,271,044 1,432,564 1,530,705 (129,672) (130,959) (132,269) (133,591) $ 880,500 $ (134,927) (136,276) 979,220 $ 1,055,623 $ 1,137,453 $ 1,297,637 $ 1,394,429 $ 3,391,905 $ 3,676,339 $ 3,786,629 $ 3,900,228 $ 4,017,235 $ 4,137,752 (264,976) (266,067) (268,728) (271,415) (274,129) (276,870) $ 3,126,929 $ 3,410,272 $ 3,517,902 $ 3,628,813 $ 3,743,106 $ 3,860,882 28.16% 0.00% 0.00% 0.00% 28.16% 28.71% 0.00% 0.00% 0.00% 28.71% 30.01% 0.00% 0.00% 0.00% 30.01% 31.35% 0.00% 0.00% 0.00% 31.35% 32.91% 1.76% 0.00% 0.00% 34.67% 34.34% 1.78% 0.00% 0.00% 36.12% 2,243 450 $ 274,300 $ 737 $ 2,600 427 $ 300,600 $ 834 $ 13% 2,626 452 $ 302,103 $ 877 $ 5% 2,652 479 $ 303,614 $ 921 $ 5% 2,679 535 $ 305,132 $ 1,024 $ 11% 2,706 566 306,657 1,073 5% $ 1,010,172 $ 1,110,179 $ 1,187,892 $ 1,271,044 $ 1,360,017 $ 1,455,218 72,547 75,487 100% 0% 100% 0% 100% 0% General Fund Percentage Change in Levy (%) 10% 7% Total Change in Levy (%) 10% 7% 100% 0% 7% % 95% 5% 7% 13% 95% 5% 7% 7% CO �t N 4 O C N a)4-4 co E t O > N w O O O Q N C D CD co , -n (1:3 -O C1- +-1 c J a) E 4 (a) O > Q L CL U E (o a. Co -o a) c c (o 4- O a) -o co a) CL (o U) 0 m N O N - +-, c n3 � E o 41- E cn Q W 0 a) N C O E O N E cn Q W 0 N 0 N a) (0 (n O E O (n +' C o N (E o Q W •Ct c o E o c`l E Q W z O Tr; z O N txW (n c O E 4-0 (n 0 0 E Oa1 44 U L co co a cu >- <0 I 1 1 1 1 1 1 1 <0 O N. O N 0 CO i O N N� N N <0 <0 0NGCC) NO o N` O 't 't N r O cM 0 0 N m 0 0 O V N M r 0 N d CO CO k0 O0 r C0 a) (i) N (1roi 4700 U (n U CU (n c W L (n z C w i O >' CO -0 a=, Z C - c a) (o c C W > W Cco 0 To Cl) c0U tcU +� V -0 C c .�, — L. Q) +� O = O Cn +' (n W a) *• a) a) C Q) O C L L a UO -0 O -O (n D UO C >, c >. 0 C — CCU ^ U ll. - o3a)Caen � U c .c > c c c N U o con O O o 0 U Q Q 0 Q U U > O O O Ca +' — co -p 0) C a CO E(p C C CTS C ..0 W .0 CTS CU 2 U a U U C U Cl_ a If) N N CO CO N 0 N N N m CO CO M k.0 CO O O O 0 O O O 0 0 <1) N CO CS N O O 0 r U) 0 c (1) (0 L c CO 2 r r <0 4-0U 1- L_ 4-0 (n c O U a) E O (1) (n N N N N N N N N N C/) O 0 to (n Cn to 0 (n 0 (n Y �C s S S 1 S 4-0 0 co C 0 C1 (n Lc!? L (Ni 0 N c t_ 0 U 0 .3 13 a) E (n (n (U a) > 0) U -2 (n U a) 0 4-4 O_ 0 4-1 L_ (n c 0 0 a) O +-• C 0 4-0 a) -c •— 4-0 C 0 U 0 a) S 4--0 4-1 CTS a) 4-1 U a) Q X a) 4-1 a) U c ca c 4-0 a) c E c O c U O O `+-- +-' (0 4-0 c 0 0 0 0 0 0 0 0 0 U U U U U U U U U D a c= D c a c c E L >4-0 c c 0 Q (n a) O aa.aaCL. aaaCl_ 4--0 m 0) "Cr4-3 -TD C c CD CO co E cn O a) O > (n O Q 'o c CCL a) }, O X O W tv al co c -C3 c0) L -Oac 4-0 co a) 0) —J 0 4_. a) a) O > O L }J CL - U E o — a) a0 CUc U C1) a) m N tU E N ' W i-� .a U CU L a -a c 4-1U a) 0 a: ocs CL CO CO 03 o E N •:_. cn N 0 N 0 a) 41 (0 W N N O U }, N Q t N N Ln N r 3 0 -CO 1 0 N Lr) co O LriO r i N 00 1-6 3 o N CO L N co a L0 N N CO LC 1 U') N N 03 0 (r) O 00 V) CO 0 %JO t\ O r O 0 0 m Cb <1) N 4-1 c a) E (n (n > a) c X •- (U c O > a) a) 0 O a) }' C a) C a) a) (0 4-• c a) 0) c O L. Q) C > CU o a.) 0) U a) (n 4--' . — C (n a) 7 C a) a) fl: (0 445 f -- i N N- N m m cri Lri (S N N CV N 0 0 0 0 0 0 r r r r (n 0 c a) it X W (n a) -o C (1) CL 4-4X C W O f0 tj E- co 0 0 O r r 10 00 O N N 1/40 N CV m m m r (I) (n a c a) > 0) w C O t -oc U C fl - a) x •- 0 0) '0 D c 0 a) L U 4) N� O Ti)1 1 1 a) (n (n a) 0 L 0 0 al C U C (0 C 183 .0 O 3 3 3 3 1 I 1 M 3 1 3 3 1 1 3 4--, 0 a) 4- c CU 4-0 a) (n (n (n Q O -0 a) a) U X O LL 4- 0 1 c o (o m U) 0 u) O O r m N N 0 N N Lt ) N 0 O CO N (n a) U C (0 CO c a) C (0 t U 0) z U0 N N klo O O ict 10 r CT CS In mctN <0 N 01/4 N L N Cash Balances, December 31 "(7 up c O p CV ID E O N E W Q "O 0 O 4-' U) C O E O N E Ly.) Q -0 O 4-.. N ca O il N +-0 O C O O O > co (/) O O C a.N 0 C c—>o 2 O O N the 75 i ta c( "a Uca � — a al E cca 4--- > O Q o UE°' iO Q U ca v) U 0) 0) cn w O U E a) 4-' c a) co a (1) 0 1 1 1 1 1 1 1 1 1 1 <0 O N O O co N N' I I I I I 1 1 1 1 V) <1) 0N00rN�tr- oN''ta)d•NN Oco0ONMN U)' O CT' •cf N' M' CV N N 00 NM M %.0 N N' 0 w Z (a t O 0 N N 'Kr o •7t rn 0 rcLnOkr) Noco O N CT ko N Q 10 r N N \D (T kb 1 ct N O r Or Cr' 1/4.(3- E (3 - c -p V)3 v V) c ca — • (c) CO •- (i)•- N O cn fai _ `n 4a1 `/) 0 w>> O– c 22. n W O W W L 2 W w a) Q -au) v/)sov) co) .0 u-) },.� c' ' >, c . cr) — U U U c 0)'- tcri w >, (a a) U +-' (a U4-• >, U (a OO c O a) cu O cn (`v 7-'w 0 U— 0 U—r0 > CC — Q a — Q > — 0 (a +- .� 4-. 0 +-, P (a/)) aa)) Co o ac°) E CO a) P o c .x cn 0 (n 'co- O� c 0 0 CL (v •n' U E scu(v •�' m O N O N N O N N co 0 N N M O N CO 03 CO M M M N N N qr gict0 N O LC) 0 N E E cc co cn Z 00000000 wia.) E E U U U C) U C) U U t n n nJO.n.n.n_o n.ca. aaaaaaaa00 Ln 0 N O (p (p U) (13V) j) c Ess O (n 0 0 ' Occ U U _c 4_Jc 4c-:10 (p co O O O ° 0 U U CC co CO O a) W c LL CO (O LL N O N 03 0 N N 0 N 0 co 0 N O O () O O E EEE E (13 (t) (13 ZZZZZ 4E1 4-' a) 0)) a) 0) 0 EEEEE (o (o Co (n Co a)(1)()()CU 0 0 0 0 0 1 <0 N N M (T 5 N 1 0) N tcfi m .i 4- 0 U 4-1 co 0 O 0 C C a) ca E ) O 8. 10 E O O x O W CO 3 c C > CU cx c -a E > O L a 14- E O O Ca n O_ O CO _c U v a U C1) 00 44 (a N -o 0) CO *' N O N p N N O U t, N Q 0 c a) Cd <0 1 0> 't ' '0 Nict N N 00 L() ' tC) r N N L() r co ON U7 rn Y) ' '0 ()h U)(N N N 0 10 U) N (0 ' r ' '0 O N "t CO i 1 <0 0' (T N N N O ' ko Ln N 03 U) O ' %.0 U) ONO, 0 447 U) r to N O O O v 00 4-1 c a) E 0 (n > X - • ca c N Q O 4_a) a` c a) c a) O 4-0 (a C a) (n E n O L C > Ca U a) 0 c 1 1 1 1 1 1 1 1 1 co1 co co co o O Lrivi 0 a) .O C > o0 coCU w i.. O <+4 O cu co D. 0 x U N N O U) N O O r M cNi 0 d 00) 4-• ;�.. o �a O c o- x °1 �C) C 0 L w O 1 1 N 0 v O C a) W .cezi O x LL f.,a c Omo) 1 1 1 1 1 5 N CU V 0 o eb- ca LL L a) 4451 .0 (0 O U) 0 co v o ca .0 C LL C (a U a) z N (r mos10 N N CO 0 00 "ct +-0 O C N O 0 CII E +, 4,7;O M O > u) O O CL N C(ll C L- CO tUi D O O CD- (D I a 03 -0 a -o c a) CO O c co 0 > a Q o E 5 -o co a) s a 0 cl) w U co O +� co t c CO o E o c`l E U Q W kID O U O +-' c0 E o E try; < w 0 O Lf) }' C c0 O E o Ni -ft) E (n Q W -o O 4-0z; c O E o N '}. E U Q W -c a) MC (0 O E O N ' E 0) Q w mzr M co ch M co- Ct w Z O p-v) Q W QLL 1--• Z 0 »J U H M Z 0 c W O > cn O O U E O 4-, Department 1 1 1 1 1 1 1 1 1 I 1 1 I I I 1 1 I 1 I 1 1 1 1 1 <J) O i - O 0 CO Lri O N t� N N 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 </0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 O N CO ;- N V' O N CO N O r CM N CV 0 i\ 'tet N OJ r ''t VD C) co N \O r O (1) O (N CO_ 0 0 N '4t kr) LO (Y) Cr .D (f) c 0a : N CYCD r- C3\ Lf) OJ N 1O O N N N COr N r N N r N N W M ''t O N CO kD 'ct C`J N N N N r iO (0 a) 1 V> LU >., Z CO -0 a) 2 c O d r (/) U) ---. C U) i-. (1) U) •+-, U) (I) r U) N n C O• - C O C O W= D +-, o W W. W`^ W W W W"4---; U) U O CC -U U p C/) 0 .(n U) U) U) U C V) — +4 +_ (O CO CO C c0 —CO (0 � c0 (0 >, O C Cf) U i- O^ U W CO ''a^^) +� CO''a) v O {J a V l C C/ J Lori CO U) CO U) C 0 U (0 L %-----•Y ..Y S . E S - O eCO U 4-0 (0 0 +-a >, 0 U (0 0 U 4' N co O (Lo O c0 Es c covco`0 N a)��UQ 0UQ �UUCUU N N >—��.� �`.> �� �� CL) CO (O (0 (0 (0 (▪ O • "Ti *' (O ▪ (0 ▪ • 0 O o U) O o a) E o a) -0 o o a o o Oa3 CO 03 CO C L ..0 a) ..0 co a) ..0 r',.. a) a) D a) a) C o U U CO U CC U) U .a U) U) LL CO Cn LL U 0 +-4 O c 0 O C \ 0 '0 N N N CO CO COO %D N co 't o E c0 N N M CO C'7 M CO M Ln In VD O) >, a) 000000000000000 (0 +a N N N N N N N N N N N N N N N a c O CO C E (n cy) c • O W CO 0 O 0 4_ (n u) C c O Q) Q) O Cu O O O a s EEEEEEE a) L. co ea co co co ca ca N(n N N 0 (A N Z Z Z Z Z Z Z al Y - Y Y ` +-0 4-,+� E Q) O O O O O O O O O O O +� E +� O + r O +� Q) C fl EEEEEEE n U U U_ U 0 U_ U U t t t t t t t CO U (0 co (0 (0 co co (0 >, n _co n n n _o fl. ) a a a a a a a 4-,"O : > > > : : > > Q) a) O Q) Q) O Q) U c CL as a a a a a 0000000 03 ..0 o Q.) 0 + � C c G.) CO ca E N O > a) C E O G a▪ ) X O W Qr ai i O c a) CO > - 12- C C� O Q) --N E - O O 0 > Qa U E0 0 O ca = 4-4 a O c0 -C U U C/) 'Co U (1) +•• U CU O L c -o LL +-1 U • 0) 0 L (113 a (0 0 00 0 N -o O C▪ O E LU 0 O CO E N'. W 0 N O 0 Q) c▪ 0 E (n w -o O LC) }' CO o E N '} O W 0 a) cN CO O E cn W -o O co m E N '}. N CO N O t; N < I 1 .0 0 N N Lt) N CO O 'cc Lf) r 1 Lf) 1 r N N Lf) 00 CT Lr c 1 co' CT Lf) N N N cm (f) Ltd (Nt- N M 1 r 1 l0 O N co Lf ) V> N N cNi O r 0' 1 10 Lf) rn N N N CO r gcl Lf) r a 1 DD Lf) N N r CO O Lt) T- 00 00 Lf) M O o o Cb Llj (n 4-4 O E N • > O c X •- (0 c T O w t N : a) a) C a a) O a) c c Cr a) c c a) a) a) U 0) 2 Total Revenues 1 I 1 I N N CO CO L L rn Cs N N N N 1 1 I 1 1 1 LtD (s Cs N� N 0 Lf) N C� Lf) N O C� r M N 1 O N : a) c ()) a) >i a (1)i 0 Ce L U) C O "O 0 0) i-- T C O +' CDc " U O U) U) C C Cl >. 0. 0- W 0) (/) co ca U "C7 W D X y= i U O 'O a) C W O O C O O C O(0 a -a (a U X +• ++ `. c C O 'a O CA M i.1.. Q-- 4 c a I- u) `_. • 0 O O O O O W U W O O co W 1 1 1 0 Ln 0 0 r 00 0' N CV 1/40N CD M N in Fund Balances LIN (O c (0 0) a) U C •0 RS 03 ▪ 0) (0 U City of Lauderdale, Minnesota $4,225,000 General Obligation Bonds, Series 2026 Issue Summary Assumes Current Market BQ AA Rates plus 150bps Total Issue Sources And Uses Dated 02/01/2026 1 Delivered 02/01/2026 Mill and Overlay South Eustis Park Projects Issue Summary Sources Of Funds Par Amount of Bonds Total Sources Uses Of Funds Total Underwriter's Discount (1.200%) Costs of Issuance Deposit to Capitalized Interest (CIF) Fund Deposit to Project Construction Fund Rounding Amount Total Uses $2,465,000.00 52,465,000.00 $1,225,000.00 $535,000.00 51,22.5,000.00 $535,000.00 $4,225,000.00 $4,225,000.00 29,5 80.00 73,000.00 134,060.00 2,225,000.00 3,360.00 $2,465,000.00 14,700.00 6,420.00 50,700.00 73,000.00 66,622.50 29,092.50 229,775.00 1,144,000.00 500,000.00 (322.50) $1,225,000.00 (512.50) $535,000.00 • Series 2026 GO Bonds - 10 1 Issue Summary 1 10/18/2023 1 1:56 PM 3,869,000.00 2,525.00 $4,225,000.00 1.,. EHLERS PUBLIC FINANCE ADVISORS I City of Lauderdale, Minnesota $4,225,000 General Obligation Bonds, Series 2026 Issue Summary Assumes Current Market BQ AA Rates plus 150bps Net Debt Service Schedule Date 02/01/2026 02/01/2027 08/01/2027 02/01/2028 08/01/2028 02/01/2029 08/01/2029 02/01/2030 08/01/2030 02/01/2031 Principal Coupon Interest Total P+I CIF Net New DIS Fiscal Total 08/01/2031 02/01/2032 08/01/2032 02/01/2033 08/01/2033 02/01/2034 08/01/2034 02/01/2035 08/01/2035 02/01/2036 08/01/2036 02/01/2037 325,000.00 350,000.00 gon 365,000.00 385,000.00 5.500% 5.500% 5.400% 5.350% IPS 405,000.00 430,000.00 455,000.00 480,000.00 500,000.00 SIN 5.350% 5.350% 5.400% 5.400% 5.500% 530,000.00 5.600% 229,775.00 114,887.50 114,887.50 105,950.00 105,950.00 96,325.00 96,325.00 86,470.00 86,470.00 76,171.25 76,171.25 65,337.50 65,337.50 53,835.00 53,835.00 41,550.00 41,550.00 28,590.00 28,590.00 14,840.00 14 840.00 eon 229,775.00 114,887.50 439,887.50 105,950.00 455,950.00 96,325.00 461,325.00 86,470.00 471,470.00 76,171.25 481,171.25 65,337.50 495,337.50 53,835.00 508,835.00 41,550.00 521,550.00 28,590.00 528,590.00 14,840.00 544 840.00 (229,775.00) Imo dim INS IPS 114,887.50 439,887.50 105,950.00 455,950.00 96,325.00 461,325.00 86,470.00 471,470.00 76,171.25 481,171.25 65,337.50 495,337.50 53,835.00 508,835.00 41,550.00 521,550.00 28,590.00 528,590.00 14,840.00 544,840.00 aml 554,775.00 561,900.00 557,650.00 557,940.00 557,342.50 560,675.00 562,670.00 563,100.00 557,180.00 WEI 559,680.00 Total $4,225,000.00 $1,597,687.50 $5,822,687.50 (229,775.00) $5,592,912.50 Significant Dates Dated First Coupon Date Yield Statistics 2/01/2026 2/01/2027 Bond Year Dollars Average Life Average Coupon Net Interest Cost (NIC) True Interest Cost (TIC) Bond Yield for Arbitrage Purposes__ _ All Inclusive Cost (AIC) IRS Form 8038 $29,315.00 6.938 Years 5.4500682% 5.6230172% 5.6507457% 5.4340988% 5.9690766% Net Interest Cost Weighted Average Maturity Series 2026 GO Bonds - 10 1 Issue Summary 1 10/18/2023 1 1:56 PM 5.4500682% 6.938 Years EHLERS PUBLIC FINANCE ADVISORS City of Lauderdale, Minnesota $4,225,000 General Obligation Bonds, Series 2026 Issue Summary Assumes Current Market BQ AA Rates plus 150bps Debt Service Schedule Date 02/01/2026 02/01/2027 02/01/2028 02/01/2029 02/01/2030 02/01/2031 02/01/2032 02/01/2033 02/01/2034 02/01/2035 02/01/2036 02/01/2037 Principal Coupon Interest Total P+I CIF Net New D/S 105% of Total 325,000.00 350,000.00 365,000.00 385,000.00 405,000.00 430,000.00 455,000.00 480,000.00 500,000.00 530,000.00 5.500% 5.500% 5.400% 5.350% 5.350% 5.350% 5.400% 5.400% 5.500% 5.600% 229,775.00 229,775.00 211,900.00 192,650.00 172,940.00 152,342.50 130,675.00 107,670.00 83,100.00 57,180.00 29,680.00 229,775.00 554,775.00 561,900.00 557,650.00 557,940.00 557,342.50 560,675.00 562,670.00 563,100.00 557,180.00 559,680.00 (229,775.00) 554,775.00 561,900.00 557,650.00 557,940.00 557,342.50 560,675.00 562,670.00 563,100.00 557,180.00 559,680.00 Imo 582,513.75 589,995.00 585,532.50 585,837.00 585,209.63 588,708.75 590,803.50 591,255.00 585,039.00 587,664.00 Total $4,225,000.00 $1,597,687.50 $5,822,687.50 (229,775.00) $5,592,912.50 $5,872,558.13 Significant Dates Dated _ First Coupon Date Yield Statistics 2/01/2026 2/01/2027 Bond Year Dollars Average Life Average Coupon Net Interest Cost (NIC) True Interest Cost (TIC) Bon d Yield for Arbitrage Purposes All Inclusive Cost (AIC) Series 2026 GO Bonds - 10 1 Issue Summary 1 10/18/2023 1 1:56 PM $29,315.00 6.938 Years 5.4500682% 5.6230172% 5.6507457% 5.4340988% 5.9690766% EHLERS PUBLIC FINANCE ADVISORS City of Lauderdale, Minnesota $2,465,000 General Obligation Bonds, Series 2026 Mill and Overlay Assumes Current Market BQ AA Rates plus 150bps Net Debt Service Schedule Date Principal Coupon Interest Total P+I CIF Net New DIS Fiscal Total 02/01/2026 02/01/2027 08/01/2027 02/01/2028 08/01/2028 02/01/2029 08/01/2029 02/01/2030 08/01/2030 02/01/2031 08/01/2031 02/01/2032 08/01/2032 02/01/2033 08/01/2033 02/01/2034 08/01/2034 02/01/2035 08/01/2035 02/01/2036 08/01/2036 02/01/2037 190,000.00 205,000.00 215,000.00 225,000.00 dmr 235,000.00 250,000.00 265,000.00 280,000.00 290,000.00 310,000.00 Ems 5.500% 5.500% 5.400% 5.350% 5.350% 5.350% 5.400% 5.400% 5.500% 5.600% 134,060.00 67,030.00 67,030.00 61,805.00 61,805.00 56,167.50 56,167.50 50,362.50 50,362.50 44,343.75 44,343.75 38,057.50 38,057.50 31,370.00 31,370.00 24,215.00 24,215.00 16,655.00 16,655.00 8,680.00 8,680.00 134,060.00 (134,060.00) 67,030.00 257,030.00 61,805.00 266,805.00 56,167.50 271,167.50 50,362.50 275,362.50 44,343.75 279,343.75 38,057.50 288,057.50 31,370.00 296,370.00 24,215.00 304,215.00 16,655.00 306,655.00 8,680.00 318,680.00 MEN 67,030.00 257,030.00 61,805.00 266,805.00 56,167.50 271,167.50 50,362.50 275,362.50 44,343.75 279,343.75 38,057.50 288,057.50 31,370.00 296,370.00 24,215.00 304,215.00 16,655.00 306,655.00 8,680.00 318,680.00 324,060.00 328,610.00 327,335.00 325,725.00 323,687.50 326,115.00 327,740.00 328,430.00 323,310.00 327,360.00 Total $2,465,000.00 $931,432.50 $3,396,432.50 (134,060.00) $3,262,372.50 Significant Dates Dated First Coupon Date Yield Statistics 2/01/2026 2/01/2027 Bond Year Dollars Average Life Average Coupon Net Interest Cost (NIC) True Interest Cost (TIC) Bond Yield for Arbitrage Purposes All Inclusive Cost (AIC) IRS Form 8038 $17,090.00 6.933 Years 5.4501609% 5.6232446% 5.6509797% 5.4340988% 6.2017796% Net Interest Cost Weighted Average Maturity Series 2026 GO Bonds - 10 1 Mill and Overlay 1 10/18/2023 1 1:56 PM 5.4501609% 6.933 Years uqi mit EHLERS PUBLIC FINANCE ADVISORS City of Lauderdale, Minnesota $2,465,000 General Obligation Bonds, Series 2026 Mill and Overlay Assumes Current Market BQ AA Rates plus 150bps Debt Service Schedule Date Principal Coupon Interest Total P+I CIF Net New D/S 105% of Total 02/01/2026 02/01/2027 02/01/2028 02/01/2029 02/01/2030 02/01/2031 02/01/2032 02/01/2033 02/01/2034 02/01/2035 02/01/2036 02/01/2037 mom 190,000.00 205,000.00 215,000.00 225,000.00 235,000.00 250,000.00 265,000.00 280,000.00 290,000.00 310,000.00 5.500% 5.500% 5.400% 5.350% 5.350% 5.350% 5.400% 5.400% 5.500% 5.600% On 134,060.00 134,060.00 123,610.00 112,335.00 100,725.00 88,687.50 76,1 15.00 62,740.00 48,430.00 33,310.00 17,360.00 aim 134,060.00 (134,060.00) 324,060.00 328,610.00 327,335.00 325,725.00 323,687.50 326, 1 15.00 327,740.00 328,430.00 323,310.00 327,360.00 MEM IMO 324,060.00 328,610.00 327,335.00 325,725.00 323,687.50 326,115.00 327,740.00 328,430.00 323,310.00 327,360.00 dim 340,263.00 345,040.50 343,701.75 342,011.25 339,871.88 342,420.75 344,127.00 344,851.50 339,475.50 343,728.00 Total $2,465,000.00 $931,432.50 $3,396,432.50 (134,060.00) $3,262,372.50 $3,425,491.13 Significant Dates Dated First Coupon Date Yield Statistics 2/01/2026 2/01/2027 _Bond Year Dollars Average Life Average Coupon Net Interest Cost (NIC) True Interest Cost (TIC) Bond Yield for Arbitrage Purposes All Inclusive Cost (AIC) Series 2026 GO Bonds - 10 1 Mill and Overlay 1 10/18/2023 1 1:56 PM $17,090.00 6.933 Years 5.4501609% 5.6232446% 5.6509797% 5.4340988% 6.2017796% EHLERS PUBLIC FINANCE ADVISORS City of Lauderdale, Minnesota $1,225,000 General Obligation Bonds, Series 2026 South Eustis Assumes Current Market BQ AA Rates plus 150bps Net Debt Service Schedule Date 02/01/2026 02/01/2027 08/01/2027 02/01/2028 08/01/2028 02/01/2029 08/01/2029 02/01/2030 08/01/2030 02/01/2031 08/01/2031 02/01/2032 08/01/2032 02/01/2033 08/01/2033 Principal Coupon Interest Total P+I CIF Net New DIS Fiscal Total 02/01/2034 08/01/2034 02/01/2035 08/01/2035 02/01/2036 08/01/2036 02/01/2037 95,000.00 100,000.00 105,000.00 110,000.00 120,000.00 125,000.00 130,000.00 140,000.00 145,000.00 S O 5.500% 155,000.00 5.500% 5.400% 5.350% O M 5.350% 5.350% 5.400% 5.400% MO 5.500% 5.600% 66,622.50 33,31 1.25 33,31 1.25 30,698.75 30,698.75 27,948.75 27,948.75 25,113.75 25,113.75 22,171.25 22,171.25 18,961.25 18,961.25 15,617.50 15,617.50 12,107.50 12,107.50 8,327.50 8,327.50 4,340.00 4,340.00 SO 66,622.50 (66,622.50) 33,311.25 128,311.25 30,698.75 130,698.75 27,948.75 132,948.75 25,1 13.75 135,113.75 22,171.25 142,171.25 18,961.25 143,961.25 15,617.50 145,617.50 12,107.50 152,107.50 8,327.50 153,327.50 4,340.00 159,340.00 IMP n ob O NO Ma 33,311.25 128,311.25 30,698.75 130,698.75 27,948.75 132,948.75 25,113.75 135,1 13.75 22,171.25 142,171.25 18,961.25 143,961.25 15,617.50 145,617.50 12,107.50 152,107.50 8,327.50 153,327.50 4,340.00 159,340.00 Min 161,622.50 161,397.50 160,897.50 160,227.50 164,342.50 162,922.50 161,235.00 164,215.00 161,655.00 Me 163,680.00 Total $1,225,000.00 $463,817.50 $1,688,817.50 (66,622.50) $1,622,195.00 Significant Dates Dated First Coupon Date Yield Statistics 2/01/2026 2/01/2027 Bond Year Dollars Average Life Average Coupon Net Interest Cost (NIC) True Interest Cost (TIC) Bond Yield for Arbitrage Purposes All Inclusio e Cost (AIC) IRS Form 8038 Net Interest Cost Weighted Average Maturity $8,510.00 6.947 Years 5.4502644% 5.6230024% 5.6507183% 5.4340988% 5.6507183% Series 2026 GO Bonds - 10 1 South Eustis 1 10/18/2023 1 1:56 PM 5.4502644% 6.947 Years %„,EHLERs PUBLIC FINANCE ADVISORS City of Lauderdale, Minnesota $1,225,000 General Obligation Bonds, Series 2026 South Eustis Assumes Current Market BQ AA Rates plus 150bps Debt Service Schedule Date Principal Coupon Interest Total P+I CIF Net New DIS 105% of Total 02/01/2026 02/01/2027 02/01/2028 02/01/2029 02/01/2030 02/01/2031 02/01/2032 02/01/2033 02/01/2034 02/01/2035 02/01/2036 02/01/2037 95,000.00 100,000.00 105,000.00 110,000.00 120,000.00 125,000.00 130,000.00 140,000.00 145,000.00 155,000.00 5.500% 5.500% 5.400% 5.350% 5.350% 5.350% 5.400% 5.400% 5.500% 5.600% 66,622.50 66,622.50 61,397.50 55,897.50 50,227.50 44,342.50 37,922.50 31,235.00 24,215.00 16,655.00 8,680.00 66,622.50 161,622.50 161,397.50 160,897.50 160,227.50 164,342.50 162,922.50 161,235.00 164,215.00 161,655.00 163,680.00 aml (66,622.50) MED ONO MON GEO Iwo Sip SIP 161,622.50 161,397.50 160,897.50 160,227.50 164,342.50 162,922.50 161,235.00 164,215.00 161,655.00 163,680.00 169,703.63 169,467.38 168,942.38 168,238.88 172,559.63 171,068.63 169,296.75 172,425.75 169,737.75 171,864.00 Total $1,225,000.00 $463,817.50 $1,688,817.50 (66,622.50) $1,622,195.00 $1,703,304.75 Significant Dates Dated First Coupon Date Yield Statistics 2/01/2026 2/01/2027 Bond Year Dollars _Average Life Average Coupon Net Interest Cost (NIC) True Interest Cost (TIC) Bond Yield for Arbitrage Purposes All Inclusive Cost (AIC) Series 2026 GO Bonds - 10 1 South Eustis 1 10/18/2023 1 1:56 PM $8,510.00 6.947 Years 5.4502644% 5.6230024% 5.6507183% 5.4340988% 5.6507183% EHLERS City of Lauderdale, Minnesota $535,000 General Obligation Bonds, Series 2026 Park Projects Assumes Current Market BQ AA Rates plus 150bps Net Debt Service Schedule Date 02/01/2026 02/01/2027 08/01/2027 02/01/2028 08/01/2028 02/01/2029 08/01/2029 02/01/2030 08/01/2030 02/01/2031 08/01/2031 02/01/2032 08/01/2032 02/01/2033 08/01/2033 02/01/2034 08/01/2034 02/01/2035 08/01/2035 02/01/2036 08/01/2036 02/01/2037 Principal Coupon Interest Total P+I CIF Net New DIS Fiscal Total • 40,000.00 45,000.00 • 45,000.00 • 50,000.00 • 50,000.00 55,000.00 • 60,000.00 60,000.00 65.000.00 • 65,000.00 • Omni ONO 5.500% 5.500% 5.400% 5.350% 5.350% • 5.350% 5.400% 5.400% • 5.500% 5.600% • 29,092.50 14,546.25 14,546.25 13,446.25 13,446.25 12,208.75 12,208.75 10,993.75 10,993.75 9,656.25 9,656.25 8,318.75 8,318.75 6,847.50 6,847.50 5,227.50 5,227.50 3,607.50 3,607.50 1,820.00 1,820.00 • 29,092.50 14,546.25 54,546.25 13,446.25 58,446.25 12,208.75 57,208.75 10,993.75 60,993.75 9,656.25 59,656.25 8,318.75 63,3 1 8.75 6,847.50 66,847.50 5,227.50 65,227.50 3,607.50 68,607.50 1,820.00 66,820.00 • (29,092.50) • • OWN igmb S EIB ONO • • • MID 14,546.25 54,546.25 13,446.25 58,446.25 12,208.75 57,208.75 10,993.75 60,993.75 9,656.25 59,656.25 8,318.75 63,318.75 6,847.50 66,847.50 5,227.50 65,227.50 3,607.50 68,607.50 1,820.00 66,820.00 • 00 69,092.50 71,892.50 69,417.50 • 71,987.50 MEI 69,312.50 71,637.50 • 73,695.00 70,455.00 72,215.00 68,640.00 Total $535,000.00 $202,437.50 $737,437.50 (29,092.50) $708,345.00 Significant Dates Dated First Coupon Date Yield Statistics 2/01/2026 2/01/2027 Bond Year Dollars Average Life Average Coupon Net Interest Cost (NIC) True Interest Cost (TIC) Bond Yield for Arbitrage Purposes All Inclusive Cost (AIC) IRS Form 8038 $3,715.00 6.944 Years 5.4491925% 5.6220054% 5.6497323% 5.4340988% 5.6497323% Net Interest Cost Weighted Average Maturity Series 2026 GO Bonds - 10 1 Park Projects 1 10/18/2023 1 1:56 PM 5.4491925% 6.944 Years EHLERS PUBLIC FINANCE ADVISORS k City of Lauderdale, Minnesota $535,000 General Obligation Bonds, Series 2026 Park Projects Assumes Current Market BQ AA Rates plus 150bps Debt Service Schedule Date 02/01/2026 02/01/2027 02/01/2028 02/01/2029 02/01/2030 02/01/2031 02/01/2032 02/01/2033 02/01/2034 02/01/2035 Principal Coupon Interest Total P+I CIF Net New DIS 105% of Total 02/01/2036 02/01/2037 40,000.00 45,000.00 45,000.00 50,000.00 50,000.00 55,000.00 60,000.00 60,000.00 65,000.00 65,000.00 Ilin limb 5.500% 5.500% 5.400% 5.350% 5.350% 5.350% 5.400% 5.400% 5.500% 5.600% 29,092.50 29,092.50 26,892.50 24,417.50 21,987.50 19,312.50 16,637.50 13,695.00 10,455.00 29,092.50 69,092.50 71,892.50 69,417.50 71,987.50 69,312.50 71,637.50 73,695.00 70,455.00 7,215.00 3,640.00 72,215.00 68,640.00 (29,092.50) • 69,092.50 71,892.50 69,417.50 71,987.50 69,312.50 71,637.50 73,695.00 70,455.00 72,215.00 68,640.00 IMP 72,547.13 75,487.13 72,888.38 75,586.88 72,778.13 75,219.38 77,379.75 73,977.75 75,825.75 72,072.00 Total $535,000.00 $202,437.50 $737,437.50 (29,092.50) $708,345.00 $743,762.25 Significant Dates Dated First Coupon Date Yield Statistics 2/01/2026 2/01/2027 Bond Year Dollars Average Life Average Coupon Net Interest Cost (NIC) True Interest Cost (TIC) Bond Yield for Arbitrage Purposes All Inclusive Cost (AIC) Series 2026 GO Bonds - 10 1 Park Projects 1 10/18/2023 1 1:56 PM $3,715.00 6.944 Years 5.4491925% 5.6220054% 5.6497323% 5.4340988% 5.6497323% atitki EHL ,(. E RS )'.'I' -'1t: CITY OF LAUDERDALE, MINNESOTA LONG TERM PLAN Prepared on October 24, 2023 Prepared by Abdo Financial Solutions, LLC. City of Lauderdale, Minnesota Long Term Plan Table of Contents Page No. Compilation Disclosure 3 Introductory Section Transmittal Letter 5 Financial Section Schedule of Property Taxes Levied and Tax Rates 8 Schedule of Annual Fund Cash Balances 9 Outstanding Debt Schedule 10 Transfer Schedule 11 Capital Improvement Plan Capital Improvement Fund 401 Schedule of Planned Capital Outlay 2023 to 2028 12 Schedule of Projected Revenue, Expenditures and Debt 12 Street Improvement Fund 403 Schedule of Planned Capital Outlay 2023 to 2028 13 Schedule of Projected Revenue, Expenditures and Debt 13 Park Improvement Fund 404 Schedule of Planned Capital Outlay 2023 to 2028 14 Schedule of Projected Revenue, Expenditures and Debt 14 Park Dedication Fund 406 Schedule of Planned Capital Outlay 2023 to 2028 15 Schedule of Projected Revenue, Expenditures and Debt 15 Development Fund 414 Schedule of Planned Capital Outlay 2023 to 2028 16 Schedule of Projected Revenue, Expenditures and Debt 16 TIF District No. 1-2 Fund 416 Schedule of Planned Capital Outlay 2023 to 2028 17 Schedule of Projected Revenue, Expenditures and Debt 17 Sewer Enterprise Fund 601 Schedule of Planned Capital Outlay 2023 to 2028 18 Statement of Cash Flows 18 Storm Sewer Enterprise Fund 602 Schedule of Planned Capital Outlay 2023 to 2028 19 Statement of Cash Flows 19 2 // #4 ',\NM Financial SOlt1t1011S COMPILATION DISCLOSURE Honorable Mayor and City Council City of Lauderdale 1891 Walnut Street Lauderdale, Minnesota 55113 AbdoSolutions.coni October 24, 2023 We have compiled the accompanying forecasted Tong -term plan that includes property tax, tax rate, fund balance and debt projections based on input from the City Council and City staff. This projection incorporates estimates through December 31, 2028. This forecast was compiled in accordance with attestation standards established by the American Institute of Certified Public Accountants. A compilation is limited to presenting in the form of forecast information that is the representation of management and does not include evaluation of the support for the assumptions underlying the forecast. We have not examined the forecast and, accordingly, do not express an opinion or any other form of assurance on the accompanying statements or assumptions. Furthermore, there will usually be differences between the forecasted and actual results because events and circumstances frequently do not occur as expected, and those differences may be material. We have no responsibility to update this report for events and circumstances occurring after the date of this report. Sincerely, Abdo Financial Solutions Lighting the path forward 5201 Eden Avenue, Ste 250 Edina, MN 55436 952.835.9090 3 100 Warren Street, Ste 600 Mankato, MN 56001 507.625.2727 14500 N Northsight Blvd, Ste 233 Scottsdale, AZ 85260 480.864.5579 INTRODUCTORY SECTION CITY OF LAUDERDALE, MINNESOTA LONG TERM PLAN 4 //\\A Financial Solutions Honorable Mayor and City Council City of Lauderdale 1891 Walnut Street Lauderdale, Minnesota 55113 Introduction AbdoSolutions.com October 24, 2023 As discussed in prior communications to the City Council, we have been preparing a Tong -term plan for the City that is intended to give a big picture view of the status now and five years from now. We have measured and projected operations, capital and debt for the City based on assumptions made by management. The City's assumptions made are as follows: Assumptions The following assumptions have been used to calculate the projections in this report: Capital Improvement Cost Inflation Interest Earnings General Fund Levy Growth D ebt Service Fund Levy (Percentage of Next Year's Debt Service) Governmental Fund Revenue Growth Governmental Fund Expenditure Growth Governmental Funds Debt Term Governmental Funds Debt Interest Rate S ewer Enterprise Fund Revenue Growth Enterprise Fund Revenue Growth Enterprise Fund Expense Growth Enterprise Debt Term E nterprise Debt Interest Rate Tax Capacity Growth Fiscal Disparities Growth Population Growth Median Home Value Median Home Value Growth Liglhting the path forward 5201 Eden Avenue, Ste 250 Edina, MN 55436 952.835.9090 5 100 Warren Street, Ste 600 Mankato, MN 56001 507.625.2727 1.00% 1.00% 7.00% 105.00% 200% 3.00% 10 3.00% 3.00% 5.00% 5.00% 10 3.00% 3.00% 1.00% 1.00% $ 274,300 0.50% 14500 N Northsight Blvd, Ste 233 Scottsdale, AZ 85260 480.864.5579 Assumptions with Future Action A General Fund 101 levy increase of 7% was modeled to accommodate increases in the City's expenditure budget for police contracts. o Remaining ARPA Fund 228 cash will be distributed to the General Fund, Communications Fund, and Capital Improvement Fund. o The Communications Fund 226 does not have any planned capital expenditures for the next five years. A one- time transfer from the ARPA fund will resolve the cash deficit; however, the continued operating deficit in this fund should be evaluated. ® Rates will need to be continually evaluated for Recycling Fund 227 to ensure that revenue keeps pace with increases passed through by the vendor. ® The 2019A GO Improvement Bonds Fund 306 will be supported by a transfer in from the Development Fund 414 through 2029. ® New debt service funds have been modeled for anticipated capital projects in 2026 as follows: o 2026 Mill and Overlay Project o 2025 County Reconstruction of South Eustis o 2026 Park Improvements O The Capital Improvement Fund 401 will receive a $50,000 transfer from the ARPA fund to cash flow future capital needs. o Street Improvement Fund 403 assumes the County will keep South Eustis and the City will contribute the required $1.1 million cost share. ® Park Improvement Fund 404 assumes that debt will be issued to finance improvements at Skyview and Community Park. Park Dedication Fund 406 anticipates that dedication fees will be utilized for improvements at Skyview and Community Park. ® The resources in the Development Fund 414 will be used to pay the debt service on the 2019A bonds. The capital project fund for TIF District No. 1-2, Fund 416, was established to account for the bond proceeds, acquisition and rehabilitation costs for the school site. The funds that remain are restricted land sale proceeds. ® The Sewer Fund 602 is projected to have sufficient reserves for capital outlay and an adequate working capital reserve throughout the life of this plan. ® A one-time rate adjustment of 15% has been modeled to align operating revenue with expenses in the Storm Water Fund 603. • AbdoSolutions.com 6 Key Highlights ® At December 31, 2022 the General fund had a 54.2 percent operating reserve. The Minnesota Office of the State Auditor defines an adequate reserve as 35 - 50 percent of the General fund expenditures. The projected General Fund balance remains within the 35 - 50 percent rage throughout the life of this Plan. We anticipate the General fund levy will grow by an average of 7.00 percent to maintain the desired reserve level. e The total cash position of the City is projected to maintain at approximately $4 2 million (2022 actual) through 2028. • The tax levy is projected to increase from $1 million (2023 certified) to $2 million over the duration of this plan. This is a result of the General Fund levy increasing, on average 7 percent per year, as well as the introduction of a new debt service levy in 2027. The tax rate is anticipated to increase from 28.1 percent (2023 certified) to 49.4 percent as a result, resulting in $732 increase in tax on the median value home. e New debt has been modeled in 2026 for three improvement projects. Total debt outstanding is projected to increase from $800,000 (2022 actual) to $4.1 million over the duration of this plan. As a result, the debt per capita will increase from $360 (2022 actual) per household to an estimated $1,515 over the duration of this plan. AbdoSolutions.com 7 • FINANCIAL SECTION CITY OF LAUDERDALE, MINNESOTA LONG TERM PLAN 8 City of Lauderdale, Minnesota Schedule of Annual Fund Cash Balances For the Years Ended December 31, 2022 (Actual) and 2023 to 2028 (Estimated) GOVERNMENT -TYPE General Operations 101 General Special Revenue 228 226 227 Debt Service 306 TBD 1 TBD 2 TBD 3 Capital Projects 401 403 404 406 414 416 BUSINESS -TYPE Enterprise Funds 602 603 ARPA Communications Recycling Subtotal 2019A GO Improvement Bonds 2026A GO Improvement Bonds (Mill and Overlay) 2026A GO Improvement Bonds (South Eustis) 2026A GO Improvement Bonds (Park Projects) Subtotal Capital Improvement Street Improvement Park Improvement Park Dedication Development TIF District No. 1-2 Subtotal Total - Governmental -type Funds Sewer Storm Water Total - Business -type Funds Grand Total - City * Cash balance is anticipated to grow based on market rates. 2022 Actual Amounts 2023 Estimated Amounts 2024 Estimated Amounts 2025 Estimated Amounts 2026 Estimated Amounts 2027 Estimated Amounts 2028 Estimated Amounts $ 891,724 $ 1,039,527 $ 1,039,527 $ 1,010,071 $ 1,020,916 $ 1,076,471 $ 1,181,507 247,803 (124) 70,433 318,112 42,753 70,433 113,186 VD 35,254 70,433 105,687 011 27,363 70,433 97,796 19,065 70,433 89,498 10,345 70,433 80,778 OP 1,187 70,433 71,620 234,230 213,353 234,230 010 194,155 176,570 160,659 229,775 134,060 66,623 145,735 368,948 203,830 163,486 132,422 395,154 214,287 240,295 213,353 147,622 419,915 200,741 339,524 362,004 91,581 1,561,387 194,155 176,570 594,367 888,531 199,098 429,940 202,748 342,919 372,426 92,497 1,639,629 76,089 440,066 204,776 346,348 307,897 93,422 1,468,598 61,850 2,675,292 206,824 349,812 242,798 94,356 3,630,932 12,469 412,494 208,892 3,310 177,124 95,300 909,588 12,593 422,445 210,981 3,343 112,181 96,253 857,796 991,930 12,719 432,496 213,091 3,377 47,978 97,215 806,875 3,005,453 3,005,695 2,807,966 4,915,368 2,614,368 2,903,576 3,051,932 821,625 373,837 1,195,462 892,614 370,731 1,263,346 945,839 379,442 1,325,280 995,750 388,489 1,384,239 936,917 189,889 1,126,806 976,830 197,579 1,174,410 1,012,028 205,636 1,217,664 $ 4,200,915 $ 4,269,040 $ 4,133,247 $ 6,299,607 $ 3,741,175 $ 4,077,986 $ 4,269,596 Trend Indicator • • Adequate for reserve levels Adequate as of prior year but balances decrease, watch Below targeted reserve levels and should have a plan to address The fund has events in the future that need addressing now 9 Trend 0 0 0 0 0 0 0 0 0 0 0 • • 0 Property Taxes Levied for General Purposes 101 General 226 Communications 227 Recycling Subtotal Property Taxes Levied for Capital City of Lauderdale, Minnesota Schedule of Property Taxes Levied and Tax Rates For the Years Ended December 31, 2023 (Actual) and 2024 to 2028 (Estimated) 2023 Actual Amounts 2024 Estimated Amounts 2025 Estimated Amounts 2026 Estimated Amounts 2027 Estimated Amounts 2028 Estimated Amounts $ 1,010,172 $ 1,110,179 $ 1,187,892 $ 1,271,044 Om $ 1,360,017 $ 1,455,218 1,010,172 1,110,179 1,187,892 1,271,044 1,360,017 1,455,218 401 Capital Improvement 403 Street Improvement 404 Park Improvement 406 Park Dedication 414 Development 416 TIF District No. 1-2 y- - - - - - y- - - - - - y - - - - - y- - - - - - y- - - - - - y - - - - Subtotal Property Taxes Levied for Debt Service 306 2019A GO Improvement Bonds TBD 1 2026A GO Improvement Bonds (Mill and Overlay) TBD 2 2026A GO Improvement Bonds (South Eustis) TBD 3 2026A GO Improvement Bonds (Park Projects) Subtotal Total Taxes Levied Less: Distribution from fiscal disparities City Net Levy Tax Capacity Personal and Real Estate Less: Contribution to fiscal disparities Adjusted net tax capacity Tax Rates Tax Levy ($) General Proposed debt levies Proposed capital levies Scheduled debt levies Total City Levy Tax Rate Population Taxes per Capita Median Home Value (Jan 2) Median Home Taxes (from city) % change from prior year $'s Tax Levy (%) General Proposed Debt General Proposed Debt General Fund Percentage Change in Levy (%) MEI y- - - - - - y - - - - 340,263 345,041 y - - - - 169,704 169,467 y - - - - 72,547 75,487 Ms IMP 582,514 589,995 1,010,172 1,110,179 1,187,892 1,271,044 1,942,531 2,045,213 (129,672) (130,959) (132,269) (133,591) (134,927) (136,276) $ 880,500 $ 979,220 $ 1,055,623 $ 1,137,453 $ 1,807,604 $ 1,908,937 $ 3,391,905 $ 3,676,339 $ 3,786,629 $ 3,900,228 $ 4,017,235 $ 4,137,752 (264,976) (266,067) (268,728) (271,415) (274,129) (276,870) $ 3,126,929 $ 3,410,272 $ 3,517,902 $ 3,628,813 $ 3,743,106 $ 3,860,882 28.16% 0.00% 0.00% 0.00% 28.71% 0.00% 0.00% 0.00% 30.01% 0.00% 0.00% 0.00% 31.35% 0.00% 0.00% 0.00% 33.81% 14.48% 0.00% 0.00% 35.18% 14.26% 0.00% 0.00% 28.16% 28.71% 30.01% 31.35% 48.29% 49.44% 2,243 2,600 $ 450 $ 427 $ 2,626 452 $ 2,652 479 $ 2,679 725 $ 2,706 756 $ 274,300 $ $ 737 $ 300,600 $ 834 $ 13% 302,103 $ 877 $ 5% 303,614 $ 921 $ 50/0 305,132 $ 1,427 $ 55% 306,657 1,468 3% $ 1,010,172 $ 1,110,179 $ 1,187,892 $ 1,271,044 $ 1,360,017 $ 1,455,218 100% 0% 100% 0% 10% Total Change in Levy (%) 10% 10 100% 0% 7% 7% am 100% 0% 7% 7% 582,514 589,995 70% 30% 7% 53% 71% 29% 7% 5% cv c N E m N CO W m vo U N (O C o E m N }, cn w m CD W Ln 0 03 c CI E cd N CO W m ..a cu gct 4a U CU C O E m N Ps c W m M O N -a a) a) co�c E CO -a n) 03 N 44--4 NC E ca Lu tiLl CO O w m O CO4-8 CO cA a) -a C C_ 0 .-. c0 (.0 U al 15 (Q) i' () 0 N = 0 a) Ca m -O.CN C cd M 0 Q) 4-1 p E a) a 0 0 a) -a c w L c } O a) t O LL a) -a c LL N T-- 0 0 0 0 0 0 0 0 O 0 0 0 0 CC Lob ld O O N M M'ctNL0 N r 0 0 0 0 0 O O O O O O O oL6I Lri o .o N <t In r O O O <0 O O O O N O O co <0 0 0 0 0 O O O O M In O O 1 1 1 1 O O O O Ln Ln Ln Ln r In Ln Lo N N N O M M N N N N r r r N N N N VD 1/40 N N N x'000 N N N N r r r N N N N O 0 0 0 O 0 o O O O O O 0 O Ln Ln Ln O O N 'zf'NLn r N r- <0 T ca N s tj +, U > O =•0 a w c Q. cu a Y < Q Q < rn .o O .o r N N N 0 0 0 0 N N N N co (0 (0 co a)a)a)a) .t= a) a) a) a) CO W (/) 'a 'a 'a -a C c C c O O O O m CO m CO O O O N O icta 0 O 0 LO N 10 4-0 4a 4-0 (0 C C C C -0 a) a) a) a) a c E E E E m>>>>m o0 0 o O a.Q.n.a0 ro E E E E Qi o)-- •1• 'vo 'vo '0n �Vn0— O w F-- N a) 0 CO 03 00 CC1 F--- F-- F-- </) 0 O O O O N O O 0 L) N Ln <0 Total All Funds O Ln O 1.17): n r N N' <0 NLO "cr <t O i-•••:. N r <0 O r 0 M .O N <0 M N r N M N r O N M Debt Per Capita -total O (3 N *� O CD N E M O (n O O O - N C - CO 2 a a) co co U 4-1_6_ C (ti O co U u a -a *-1 O • C C J O c O C o_ O O aa) E -a (� a) a U CO U 0 CO O N O 1D 0 N LC) O O N CO CNI O N 4-1 C E O Wtf-tQ (n 0 E a) L CL O <1> < 1> 3 1 O O Lf) 3 3 3 o 0 0 0 0 0 o 0 0 0 0 0 o o 0 0 0 0 LC) O O LC j O Ln < 1> a; a (n CL (T3 U C L LC) 00 LL L O LL N r - O a) U (B a) U L (D r- a) L 111' (13 w 1 � N O LC) LL CO CI) (1) L L W a) a) a) 0 0 C C O O CD a) U U CO CO rodf 0) 0 L a) >, O r- Q) 0 LC) LL s- 0 O LL 0 CD U (B a a a a a a cc (Y (Y CC CC CO W O) O O O O U U U U U U _0 JD DMDD a_ a_ n n a_ a_ <I) a 3 Q) (u ai ctsU = 0) L O (O a) (J a 03 C --1 Ov E (L) O O a. 4-0 E a — a) Q a) CO -C U (i) (o 4-' El. U 00 N O a) w a) N 0 03 O E L11 0) CO (O C N '.417; w N *-' N Q 'D r- I LC) I CNI r - U> 3 3 3 <1> ko ko d' CO N O r- nterest on investments 3 3 3 3 3 '0 rN- LC) 1N - C3\ r1/40 - r1/40 - co F - 3 0 0 0 0 0 0 La La r— r- 0 0 0 0 0 0 LC- LC) N N CD L + -+ 11/43 >, a. 03 x 4. w O CU a) 0) >1 • Pima C a) U `) a) O 'O • C a) U > LJ 0 CO CO 0') 0 r- 0) Its 0.. w 3 � 3 3 3 3 3 Transfer out a) 0 0 L CL 0 CC) X LL 0 4 a) CI) 1 1 3 CNI Ll) CNI r - O C6 '0 r- 11) co 0 r- O CO r1/40 - C3' 00O co O 0' (s 1/40 N d 0 N 0' r -- N </> C0 CT </> U> O OO r1/40 - I> CO O 0 CT 1/40 r- <1> N (Y) U Ch c P Q) to .i OD as = U ..O C L=L n 0 .0 a) a) O 0 0 C C m (o (D as as co 0 s s a c(0 cco Z U 0 M 0 N 44 C N O O (0 E 44 O > (NI O u) L O N a N C E >, Q) C O a 03 4-0 a C O — (-)Ci -O a -0 C Q) co O C E (o 4- > O Q o U E -O (o a) a U (0 (n U a (1) 44 CO } c (0 O E O N '+ E Q W a) N +- C (0 o E O N }. E Q W O N O 4-0 (0 U) 44 C 0 E Lf) '-' C 0 N (E o N'oE u) Q W 13 O 44 4 -am c o E o N E Q W CO N O a) 44 (0 4-0 C E o E Q W 4-0 0 U Department 1 1 2 1 1 2 O N O N o co tri o' N N N cv 1 I i 2 2 2 2 O O r I 1 I 1 t l l l l 1 1 I I I I I I I N O N O CO N't N O N O f d N r O o M o o N co o Lr) O 'tet N co r 0 N N t co N r N o (NJ r M 'Cr Lf) CV r N CO Q) 0) CL v 4-0 w -C + O U 0) 0 1 C W w (0 Z W v O ) Z •} c0 -a }. (n C cn -0 C Q) (0 C C W > s W cam) 0 c0 (f) 4-0 a) + Q) Q) -Pc) + 4-1 Cn V) C O Q) U) a) O C W }, }, C a) CC O p V) -O (n D O >, O a C 0 , U LL a :,t.; )— C 00 > c C C CO 9 O u) O J 0 0 0 CD (n Q O— (q — 0 0 > o CC Q O Q O O O (0 44 — a 44 44 Q) (T) (L) R3 + +0 YJ W C O O E a) C C _� o f a a- a E 1) E - L CO .0 L a) C CO CO UaUUcUa.a. f ‘12) C Lf) N N CO CO N O N N N co (m co CO .D 00 0 0 0 0 0 0 0 0 0 N N N N N N N N N U) U) U) U) U) U) V) U) U) U O U U U U U U n JJ _0 _0 _0 _0 _0 DDDDDDDDD n.aan a. a. aa.a 4-0 Cr) -o O Q) C C a) (0 c3 E �n t ' O O O > `- O D Q.. -a C E C c — O O W O L fL (D i C C a) a -p a C 'O (0 O Q) t� Q) Q) O > o Qa U E a) a 5 a -o O (0 c 0 0 M 0 0 Q) (0 W 0 N O N Ln 0 N 13 a) 4-+ (0 -o O 'Cr 4 ' N N N W M N O N - O U N Q <0 <0 <0 0 L() 0 O r N N Ln 00 a d• tri a M iO a tf) N N co Ln Lf ' N N m O N V 03 tf) N O OD ' QD Lf) rn N N co r L O o' ' \D Lr) rn N N cj. 00 ¶ Lr) co in co kD N O O o a) ca44 C U) x E o C Lc Q) 4-1 Q) c CU t O c d Ute) U O O a) a) co CI) a C C CC T O r 0 Lri N N N co co tri 10 a a N N (NJ - 0 0 0 0 0 0 0 '- r r r r 0 Lf) O O r M N a) C a) >0 a) CC O •�O >, c U W C a O W a) a) 'a C U) 0 a L- U al W 0 1 1 1 I 1 1 1 2 1 2 (0 4-0 O 1- Lf) N 0 r a) U c (0 CO c LL a i31 c 4-' a) Z L) r 0' 0 03 M 0' 0 Cash Balances January 1 O N d' O a) O E > N 0 Cll o N C1 E co - s CO O (1) CL c Q a3 03 Q) a03 U tna) c E > a. O O 4- >: Q o E CO -a Fa a) Q 03 U U oo O O N N O N N CO N N 0 CLS c E O E w Q a) ice, c E o E W Q i-' u) O U E a) 1' <1) </} </} 1 1 -CO Skyview and Community Park Projects 1/40 <J> </> <1> </} Minnesota O •d +—' c a) E O E 3. w 0 (D (n O 1' 0 Q W a) 1) a) (1) 0) 0 L " et E U a) CB Q -0 CO a) U 0 U) -O a) oO — O E a 3 N W a) N r O E +� (n W a) Cf) }' C� O E N. W N ro N O U N Revenues O N <1> CO O N </} co O -C1)- 00 1> 03 O C.N1 <J} </? <J? 3 O N c O CO U_ +� Q) a) 00 ca awi C cu > a) (n a1 X E E O 0) (o C c i a) . o a) c(13 4-1 4-1 U) >O Q g L- L U O a) a) v) d_ c c CT 00O N CO O N O N N , O O O O O O O O O 1 a) L a) >'a (� D w L O 4 T V +' C (1) (v CL X CCI CT COO N CO C3\ CD O N N O N Cn a) > Q) a) N C a) C a x •— w 9- i (1)-10 a) 0 a) L' w o 1 � 3 1 a) a) L O SOMM U) C c (0 �c L Li.. U a) C O(13 {— 3 Transfer out +-' (1) in 0 Q a) 0 a) a) U x O Q 0 Q) C m U) 3 1 0 0) 0 U 0 11 L diO 0 +� 1- O N 0' CO CN - CO CO 1/40O CO O N N N 0 N asa) C co .,. LL v 0 4-1 Z 00 0 r - N N scr Cb O kO N O N r •4 N Cash Balances January 1 (0 r - N 03 O N 00 O CON (1> </} N N V} 00 'Cr 0N N </} Cash Balances, December 31 O 0 L 0) -0 4E1 E J a) 4-- O 0 U (0 0 1/40 O 0 (0 U 0) 0 CL (D CO N 0 CO (0 0 N O N O N N N N N u a) c E O E W Q 1-1 c (3 E O '*m E W Q CD -� c 03 E :R E W -Om c E O W Q CD (0 c E O W Q U E a) <1> <1> -CO 1 0 O M +J 0 a) O LL (0 4-1 c E E 0 0 c R3 a) C/) N N </} O O CS LC) CO </} 1 -CO 1 4. O -a c c CC3 o U) O <0 a) U N Cc C'' a) •— ..Y f1 2 coW CL sar t0 c 773 0) CD CL0) C N UB E dam.) J a) O a) O L 0 Q a L co U o a D (0 "a 0 a) U U) a) 00 E 0) W a) OCci E N CO W a) ko " (D O E N W a) N E N W a) ICI- . 1 c- o C N. W N N 0) 03W N(13 O 46 N Q Revenues <1> 0') I CO m 0') CO d' C0 <1> 1 <0 0') c ' ki) O N d' O co i 0) E a) E (t c +-I 0 0 a) Q L 4-8C CL 4 1 03 U a) CD U fl.. a) 0) D L O 0 a) a) 0) CD U CIO L Q) U � CO 0') 00 M CO Ca% N co C CO 0) N COCYCCO a) c w> 1..1.E 03 4-d 0 Ism 1 1 4 1 (0 D 0 4s4 (0 'Z7 ' CCL X U w 4 1 CO CO N O (Ni00 00 kip wcr CO d 0') 0') a) Q) N> Q) c 1 - l}.. O �+ AC U N c a- x . r r-. kit.L a) a) 10 cu U U W O 1 1 1 7 1 1 1 1 1 1 1 Transfer out +J 0) (0 < a)-0 W a) U X O a: 0_ 4- 0 C (1) 0 03 00 U) 1 1 CO CO M CO N LC) 00 N vcr 0' CO 10 CYC 0') M CO CO O rco- 00 00 '. 00 N 0 0') 1 N (Y) </} </} O CO Ca - 00 </} 0 0) 03 CO "Cr CO <1> 0' Cn CO `-4 V) CO M a) U Co c co r coCO E co = QJ •D C U c al N LL.D a c••••1 _ a) a) 00 W C C CD (0 (0 C CO (0 (0 -c CO CO U „c „c 0) (0 (0 Z 0 0 03 .-I N O co c O a) m N U) a) OO N > O O c cu CL Q) C J > 0 O ▪ L. > E 1 J U CL CU U c 4- O a) co a. I) (0 (I) U O op N O N N O N N O N CO N CO 4-1C E O E W Q Q) a C E O 112:W Q 1 al C E O W Q 4-1 4-1 03 C E o W Q 4-J C 03 w Q E 0) C >' c CD +J U U U 0 U Department <1) 1 1 </} <0 1 a) O a) L (0 (1) 4-1 a) U N 0 a 0' O N 0 CD 0 '-1— L 9 O C (0 U 4--1 C No projects identified 1 -CO i <1) 1 03 CL U CO N O N Qom) W a) c3 O C N 64, W a) kCD 4-j c0 (NJ C N .p W N O N a) W CO N N N ( N }, O U N Q J) <1) 1 1 <0 1 </? 0 03 CL) O N r - r__ N co N 'd' h M O kro (0 CO 'D N 1 1 i N CO N N (5 O O O N O kD L o O (� OL() N co 0') r- 0 a) c 03 4-1 1 0)) L 4-1 0 c >. a. x U) +. LW o4-1 (0 0 I - a) CO CL U W 0' (0 N C0 O CO 0) CO W X L O . C U a) c a) x W W a 0 co D (.0 0)'- 0) W 0 1 '4 ..O krp 1 0 CO - 1/40 1 CO N Cb 0 L ) 0 d 05 LC) 0') 1/40 N O 05 03 N 'D 03 rn 05 1/40 co 0 COCO 0 N (0 0 '-t 0 0'CM O 'D CXR N 00 O 0) CNJ i\ CO O kfD M Cb 0' d <1> 00 r- <1) CO CNikN N U? <1> O O co CU r U M C C . ) CO 0 E m (v a) "O m U c LL .- 0 .c aa)i aa)i 0 0 U c c C ' C 03 03 U _c -c cn co a) as (D Z 0 0 1/40 00 O N O N 1/40 N O N N O N N O N • 00 • N O 0 Q) c E O W a) 03 E o W Q N N en CO CLS - 0 CO C o z N o E o (I) +-i O N P E Cll U N u)Q c . C: > W C in ca -ac a. L. cisco a).. 0 ic CU (o a) c JE CB 2 Li— O 0 D- -� n o U c0 wfm.a) 0 U) U E a) o (1) U Cts CS a >-- 1 -U? 1 -CO <1> 1 -U> U> U} U> U> U> 1 U> 1 U} -CO N z 0 4J Cn LLC0 CL CL) E Q) O E +-) 0) 0 0 a) 0 Cll Q. W 0) a) t W U (1) 0 CL 0 a) N O N N O N N 0 N Qom) co W Cll 4-3 W 0) W d) +-• ca o E N 14-4 W 0) M LS o C N E-:; W ' M ' kip U1 ' d- 0' -CO ncr 0\ LC) 0' 1 CS 1 1 3 1 3 1 CS M 0' LD CS 1 1 1 N N 0\ C3\ kLD M 00 M 1/40 \ CO 0\ "4 0r ' 1 00 N 0' 1/40 r - CT O LC) 3 1 1 1 1 � 3 1 1 1 1 3 v) a) eaji a) aci vvi E c > 0 cp c > Q1 '_ 4, N L 4- O L- v) M O += 1....E a) .4--•_ -O m cn > Q) co O O cx�- ' Cr) X .- E o aa)) c3 °X- .- W c_ "4 c wee v) 4-• W . U .-- U o a) c_ L o O c >, ] c (a. O 00 o • Q U -a t F'-' v) _ �=- c a) a) cn c o- (n L w co o +� +J •— a) co a) L a) cx w w O 5i— Transfer out 3 3 1 CD 0 co co1/40 0' d CO N cs 10 r - CS O CY) Loft CT 1/4D LC) CO d" CT 1/4o d Lf) 1/46 C CT 00 O r- \ l U R3 CO 'O • mall 46)1 LL U z <0 M 1/415N CJS U? O O 00 115. CT U? 1/40 L() CO C7\ U) N 0' U> CT <1) 00 0' r M r a) (o cu � U U (0 ami U U oa a3 c c O Ca (b s U U 00 O N N O co O kr) Co O L N O N C CDC c3 0 a) a. co (0 -O C a aw E (1) O O (0 L C _1as n c 0 9-- C.J 03 -0 CD 0 OD N N N N N O N N N aJ J C E E W Q 4-0 CC C E O W Q COen 4-1 c E E W Q U) O E o ' W E Q a) 4--) 4-' c 00 E O +-2 E W Q 0 U a0i U L (0 c3 n a) au > CY Department 1 1 1 U} J) -C1)- -U? CO 1> 1 1 1 1 O 0 O N r O i 1 1 1 O L r- 1 1 � O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lf r N r r-- 0) 0) Cr) C3) CS) 0) t) CC EECE U) Cn • •(n •(n (n (n a) a) 0 0 0 a) +, +�•-0-0-0-0 C C — CCCC CD Ca ( ) CLS a3 Ca CO 0) 0) >' 0) 0) 0) 0) C C 03 C C C C C N C C C C (3 O > C0 (� 03 03 0000001) U U -p0000 L L C L L L L 'J co O r N N N N N CO CO 0 0 0 0 0 0 0 N N N N N N N < �c Y .7 7 0 0 0 0 0 0 0 0 DDMDD CI_ n n a a. a. a <1) O O 1/46 r <1) 1 -CO (0 4-1 O c Cc (0 . 0 (0 0 00 N N CD +J CU E N' W a) +CLS-• O E N +� W N O U N Q 'd' CO C3\ r L() 1.13 N CO Lf) Lf) LC) O Cs 00 N O N r- \-0 \-D r L() CO 0) N ON CO Ln L() O1 Lf) M N Lf) N O\ Lf) in Om Lf) N N O r O> 'ct 00 LQ CO N �D M co M r 00 N o r CO kD kD CO N (0 > oQ w Q1 w O > ozi a) ye D Ca a. > -oE O •F1 C a) >, Q cD01 0 _o IL E -)C ^ •_ a 03 , } L CII a. 2 O — = as U4-1 a) w a. C 0. = C_ 0 O U = -0 z EE0>0 E 0 0 0 0 o 4--.'`LLL 4-• UCn C _C co o i) E U O r a' ca LL wfY a_ t (/)Cn al CU U C.) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Transfers out Net Cash Provided (Used) by Noncapita O t a 1 1 1 0 0 O i 1 1 1 1 CD O (NJ 1 1 1 O 1 1 1 0 CO O O L 00 N G O\ M CD - O\ CD - 00 O" 0 U0 00 N O M t� O1 0\ CD- 1/415 CO 0\ CO 0 00 LC) 00 t� 00 L. Lf� CS 0' 0\ LC) 00 N CD 'D CS r- 00 o O N r O` aa)) co Q }>-1 C 0 CU Q C CO ,U •C c c a, 0 (0 W CCU LL -C C _O 'a c LL O U 0 r 'Z3 a3 co a) c —aro1 a) 'a CO w •= as f0 aJ C u) 4 CU 03 IC 03 U D U) Ca C Q) +a . CD • C C ea > w a) -0 a) d +-1 ^ a) �`= (moo a) -a c C C j v) u a. ___ C— o C > z� co > U a3 O -a — O >. C C c a) • C C ca +-• .n E `� �- -a aa) Cr. E O U L 0 _C 0 O Q C Q) o a) 4L- C C `+L- — L +-• = LL +-1 (0 cn o a) U) a s CO 1) v) 0 +' > CO 0 u)° 0 c c c c 00 'O L1. = 0L 0 .4 4=' 0 LL � 0 ca -C 0 O O CD, cn Cn a) .:c > C ..c w Q C a. Z W W Z (/) C 4 J Cn Ca — a) Ca 0 0 Z 0 (0 O CD N (0 (O 4-- 0 U co CL co a) -c 00 N N 0 4-3 O) N03 4-1 0 cci E. C0 U U C C ^ (B 0 CD OD N N N N tD CNJ N N 0N N cDN CO N N 4-3 C W a 4-1 (1) 0 U E a) 4-1 4-1 (1) t co Q 1 <1> <1) 1 <1> 0 0 <0 and Overlay City Streets N CD N 603-49500-000-45300 0 U a_ O O <1.)- o5 N 1 1 1 CO 0 1615 O a_ 4-, C CD E CLa) O E 03 N 0N CO N c4-3 (0 N (LS N 4J CD U N a CD 00 CO N o ' kD 10 kil N dam. N kb- � L0 O CO CO N 10 O CYC [0 ' {J) ON - Cb N c r- <'? CO N CO CO CO N r-- Cb N N <I) r-- 0 N 10 'D Lf) L CO N L CO CDO 1 0 kO 00 p o) cn a) tem w w o I cn CU a .4.--; a a �EO 5,5 C W A Q (D -p ' 0 D - co v C a) a) o O CL -a a = a o O U D -a Ecw> O p O+ --•O 4- `} a 4-1 0 +j C ..0 r a) 0 o • a.) E (0 U CD a3 4-0 .CCC a_ o (0 Z 0 0) Q vi C .0 c it c Z E O c 4-- • - 3 0 L11.. c (13 co (0 Ft: U Transfers out 1 1 1 Net Cash Provided (Used) by Noncapita (a (a0 0 E O 4- 3 LL 0 O O 06 O N 1 1 1 Cll 0 CU () +-' co (1)-0�tt L a) •— C co -0 _ o >. C (04-- (0(0 Q. cn -a •U a) a _Q C w O a C • tCDU) E C C (0 Z w W ▪ Z (r 03 L) COCO C5 '4 N c N o N cr CO N M N N O 00 O N N 0 o O CO N 0' 4-1 0) v. Cri W (0 .a (00 U c ncrease (Decrease) CS LO (r 00 00 00 a\ oo '' 00 Co N N Co r -- co N N 0') N 005 C0 CO 0 0) kil CO kil Le- « 0' CO 00 0' Cb <1) Cs co CO 0') N N Co r - CO CDN N CSO 0 N CO <f} M r- 0) >+ .0 a) C U -) 0 co - c c a) a) > Cr W LU ..0 .0 (0 (0 U 0 c c (0 (0 .0 .0 (0 (0 U U LAUDERDALE COUNCIL ACTION FORM Action Requested Consent Public Hearing Discussion X Action Resolution Work Session X X Meeting Date October 24, 2023 ITEM NUMBER Special Assess. Resolution STAFF INITIAL APPROVED BY ADMINISTRATOR DESCRIPTION OF ISSUE AND PAST COUNCIL ACTION: Each year the city must submit a resolution to Ramsey County certifying special assess- ments for the year. This year the City has one special assessment that was negotiated via a petition and waiver agreement. The resolution is a formality as the petition and waiver agreements eliminate the need for a public hearing and the owners have forgone the right to appeal. STAFF RECOMMENDATION: Motion to adopt Resolution No. 102423C A Resolution Levying Special Assessments. RESOLUTION NO. 102423C CITY OF LAUDERDALE COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION LEVYING SPECIAL ASSESSMENTS WHEREAS, the city of Lauderdale (the "City") has a policy of assisting property owners with the cost of private projects that provide a public benefit; and WHEREAS, the city of Lauderdale will assist property owners with the costs of special assessments for public improvement projects done in cooperation with other local government partners when the owner is unable to afford the cost of the necessary work without financing from the City; and WHEREAS, the city of Lauderdale will assist residents with the cost of trimming or removal of trees when they are on private property, pose a hazard to the property owner or others and the owner is unable to afford the cost of the necessary work without financing from the City; and WHEREAS, the city of Lauderdale will assist residents with sewer repairs on private property that impact livability and pose a hazard to the property owner or others and the owner is unable to afford the cost of the necessary work without financing from the City; and WHEREAS, the owners of the properties identified on the list attached hereto have participated in the City's programs; and WHEREAS, it is not the intent of the City to pay for the work but to assist the property owners with financing the cost thereof through special assessments levied against their properties; and WHEREAS, the owners of properties identified on the list attached hereto have each executed a petition and waiver agreement with the City allowing the City to a specially assess their property for the cost of said work without hearing or notice of hearing regarding the work or the assessment thereof to ensure the City has valid special assessments against said properties; and WHEREAS, were it not for the petition and waiver agreements executed by the property owners, the City would not be willing to perform the work or levy the special assessment without hearing and notice of hearing on same; and WHEREAS, the property owners have agreed that their properties are benefited by the work performed or paid for by the City in an amount at least equal the amount of the assessment. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LAUDERDALE, MINNESOTA AS FOLLOWS: Section 1. The proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute a special assessment against the lands named therein, and each tract of land included therein is hereby found to be benefited by the work in the amount of the assessment levied against it. LA135-3-683826.v1 Section 2. The assessment shall be payable over the period of years specified at an annual interest rate of 4.15 percent. Section 3. The owner of property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole of the assessment on such property with interest accrued to the date of payment to the City Administrator, except that no interest shall be charged if the entire assessment is paid within 30 days from the date of the adoption of this resolution; and they maythereafter pay to the City Administrator until November 15 in any year the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Section 4. The City Administrator shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of Ramsey County. Such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted: October 24, 2023 ATTEST: Heather Butkowski City Administrator 2 LA 135-3-683826.v 1 Mary Gaasch Mayor Assessment Length (Years) Final Assessments - Special Services 470020231 First Year Additiona 1 Days Assessment Code 10 0 470020231 PIN Property Owner Address Certified Assessment Amount Interest Rate 1 172923340238 Barbara L Eggers 2379 Larpenteur Ave' $8,253.00 4.15% First Year Additiona 1 Days Assessment Code 10 0 470020231