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HomeMy WebLinkAboutAgenda Packets - 2011/06/06 CITY OF MOUNDS VIEW CITY COUNCIL WORK SESSION AGENDA MOUNDS VIEW CITY HALL Monday, June 6, 2011 7:00 p.m. ROLL CALL: Flaherty, Stigney, Hull, Mueller, Gunn PUBLIC COMMENT Citizens may speak to issues not on tonight’s agenda. Before speaking, please give your full name and address for the minutes. Also, please limit your comments to three minutes. Agenda Items Discussed by Consensus 1. Attracting Tenants to Vacant Commercial Buildings in Mounds View a. Guest – Deb Carlson, Cushman & Wakefield (Former Snyders) b. Guest – Mark Robinson, Paster Enterprises (Mounds View Square) 2. Review Proposal to Lease Former Chamber Space at the Mounds View Community Center 3. Discuss Potential Impacts regarding the Announced Vikings Stadium in Arden Hills on the TCAAP Property 4. Council Discussion of Priorities for the 2012 Budget Next Work Session: TUESDAY, July 5, 2011, at 7pm Next City Council Meeting: Monday, June 13, 2011, at 7pm Item No: 1 Meeting Date: June 6, 2011 Type of Business: Work Session Administrator Review: ____ City of Mounds View Staff Report To: Honorable Mayor and City Council From: Heidi Steinmetz, Economic Development Specialist Item Title/Subject: Attracting Tenants to Vacant Commercial Buildings in Mounds View Background City staff maintains a list of available business sites. The list is attached to this staff report for the City Council’s review. Properties that are officially listed for sale or lease are found on the Minnesota Commercial Association of Realtors (MNCAR) Website. MNCAR provides a searchable database (available to the public) of commercial real estate property for sale or lease in Minnesota. MNCAR’s list of available Mounds View properties is also attached for the City Council’s review. There are currently at least twenty vacant commercial buildings (or vacant space located within buildings) in Mounds View. Although several of these buildings are located prominently along County Road 10, it is important that we recognize all vacant commercial buildings in Mounds View. Discussion City staff invited several Mounds View property managers and commercial real estate brokers/realtors to attend the June 6th Work Session. Those who have confirmed their attendance are Deb Carlson of Cushman and Wakefield and Mark Robinson of Paster Enterprises. The purpose of staff’s invitation was for the City Council to discuss with Mounds View’s commercial realtors the current status of the commercial real estate industry and how it relates to attracting tenants to Mounds View’s vacant commercial buildings. It is important that City staff’s role in attracting tenants to vacant commercial buildings in Mounds View is one of support. It is the commercial realtor’s role to attract the tenants and City staff’s role to support the realtors by providing them with information about the allowable uses of the properties, about Mounds View’s demographics, etc. Recommendation Staff recommends that the City Council discuss with the commercial real estate brokers the status of the commercial real estate industry and how it relates to attracting tenants to Mounds View’s vacant commercial buildings. Respectfully submitted, ___________________________ Heidi Steinmetz, Economic Development Specialist Attachments  City Staff’s List of Available Business Sites in Mounds View  MNCAR Property Listings in Mounds View HOME | Contact Us | Departments | City Staff Directory | City Meeting Calendar | Code, Regulations & Fees | Licenses & Permits | Housing | Community Center | Event Center | Mounds View Television | Employment | Request E-Mail Updates | Announcement Requests | Site Map | Government | Residents | Businesses | Community In Businesses: Mounds View Businesses Business Resources Available Business Sites Home Businesses Search Full Site This Section Search Tips Go Printer-friendly Version Available Business Sites Mounds View is a community with an array of business opportunities. From lease space to a redevelopment project, we are here to assist you in finding the perfect site for your business or project. Below is a list of available business space in Mounds View. Click on each property name to view details on each property. Sale or Lease Property Name Available Space Location Contact Sale MultiTech Parcel 6.54 Acres no address Del Palachek Sale Premium Stop Parcel 1.28 Acres 2390 County Rd 10 City Hall Sale MoundsView Motor Co. 3.26 Acres 2375 County Rd 10 Rob Davidson Sale Former Let's Get Graphic 14,560 SF 2442 County Rd 10 Bob Bayer Sale PAK 10,560 SF 2832 County Rd 10 Judy Wright Sale Skyline Motel 2.85 Acres 4889 Old Hwy 8 Raman Bhakta Sale Thrifty Car Rental .58 Acre 2975 County Rd 10 Jim Stimmler Sale Former Synders 6,050 SF 2525 Long Lake Rd Deb Carlson Sale Bridges Office Building 11,000 SF 2408 County Rd 10 Derrick Jensen Sale Everest Properties 2.98 & .85 Acres 2310 County Rd 10 Tim Nelson Sale Paron Properties 1.87 Acres 2300 County Rd 10 Jim Paron Lease Dell-Comm 4,100 SF 4860 Mustang Circle Jim Freichels Lease Community Center 1,000 SF 5394 Edgewood Dr City Hall Lease WIN Insurance Agency 3 small offices 2704 County Rd 10 George Winiecki Lease Subway Building 4,000 SF 2436 County Rd 10 Bob Bayer Lease Multi-Tenant Office 2,000 SF 2402 County Rd I Ray Vandeveer Lease Silver View Plaza 23,799 County Rd 10 Jim Stimmler Lease Building D 55,742 SF 2222 Woodale Dr John Boich Lease Building G 81,480 SF 5267 Program Ave John Boich Lease Building H 78,016 SF 2290 Woodale Dr John Boich Lease Building I 144,783 SF 2270 Woodale Dr John Boich Lease Building J 42,551 SF 2250 Woodale Dr John Boich Lease Bridges Technology Park 8,000 SF 8200 Coral Sea St Larry Lindberg Slideshow Click here to view a slideshow of buildings for sale in Mounds View. Contact Heidi Steinmetz Economic Development Specialist 763-717-4029 Redevelopment Redevelopment Opportunities HOME Contact Us Departments City Staff Directory City Meeting Calendar Code, Regulations & Fees Licenses & Permits Housing Community Center Event Center Mounds View Television Employment Request E-Mail Updates Announcement Requests Site Map Government Residents Businesses Community Page 1 of 2Available Business Sites - City of Mounds View 6/1/2011http://www.ci.mounds-view.mn.us/index.asp?Type=B_BASIC&SEC={FF7ABAA3-8FFD-43B5-8E44-1D... Printer-friendly Version Page 2 of 2Available Business Sites - City of Mounds View 6/1/2011http://www.ci.mounds-view.mn.us/index.asp?Type=B_BASIC&SEC={FF7ABAA3-8FFD-43B5-8E44-1D... 2220-2230 Quincy St Mounds View, MN 55112-1438 Mounds View Business Park-Bldg F Building Size: 62,685 SF Available SF: 42,525 SF Specific Use: Warehouse -- Distribution Max Contig: 42,525 SF Status: Existing Min Div: 14,504 SF Year Built: 1988 Lease Rate: $4.50 - $8.50 NNN Office SF: Sublease: No Dock Doors: 6 Drive-In Doors: 2 Listing Agent: CB Richard Ellis John Ryden (952) 924-4641 Clear Height: 20.00 FTabc Parking Ratio: 2.34 /1000 Rail: No Sprinkler: Yes Listing Notes: Could combine both suites for a total of 42,525 sf. 33,500+sf whse and +/-9,000 sf office (some could be demolished for more whse) and 10 dock doors and one drive-in. Great location just blocks from County Hwy 10 with direct access to I-35W and U.S. Hwy 10. 2222 Woodale Dr Mounds View, MN 55112 Mounds View Business Park - Bldg D Building Size: 55,736 SF Available SF: 10,116 SF Specific Use: Flex/R&D Max Contig: 10,116 SF Status: Existing Min Div: 10,116 SF Year Built: 1989 Lease Rate: $4.50 - $8.50 NNN Office SF: Sublease: No Dock Doors: 9 Drive-In Doors: 0 Listing Agent: CB Richard Ellis John Ryden (952) 924-4641 Clear Height: 14.00 FTabc Parking Ratio: 3.49 /1000 Rail: No Sprinkler: Yes Listing Notes: High-image office/tech building located in a master planned business park setting. Offers visibility from County Hwy 10 with direct access to I- 35W and U.S. Highway 10. Location offers restaurants and retail services closeby. Located on a metro bus line. 2240 Woodale Dr Mounds View, MN 55112 Mounds View Business Park Bldg J Building Size: 42,791 SF Available SF: 42,791 SF Specific Use: Bulk Warehouse Max Contig: 42,791 SF Status: Existing Min Div: 7,929 SF Year Built: 1992 Lease Rate: $4.50 - $8.50 NNN Office SF: Sublease: No Dock Doors: 7 Drive-In Doors: 3 Listing Agent: CB Richard Ellis John Ryden (952) 924-4641 Clear Height: 22.00 FTabc Parking Ratio: 1.72 /1000 Rail: No Sprinkler: Yes Listing Notes: This 42,791 sf space would be perfect for single tenant! Move-in ready! Nice office area along with warehouse space with painted walls, trench drain and flammable waste trap. Or could divide for two or three tenants with suites from 7,929 sf up to 22,436 sf. Great location with easy access to I-35 and visible from Co. Hwy 10. Listings Summary Report Page 1 of 5 6/1/2011http://www.mncar.org/propertysearch.htm 2298 Woodale Dr Mounds View, MN 55112 Mounds View Business Park Bldg H Building Size: 78,400 SF Available SF: 78,400 SF Specific Use: Warehouse -- Distribution Max Contig: 78,400 SF Status: Existing Min Div: 19,600 SF Year Built: 1992 Lease Rate: $4.50 - $8.50 NNN Office SF: Sublease: No Dock Doors: 8 Drive-In Doors: 0 Listing Agent: CB Richard Ellis John Ryden (952) 924-4641 Clear Height: 22.00 FTabc Parking Ratio: 1.74 /1000 Rail: No Sprinkler: Yes Listing Notes: Available now! 100% air conditioned! Divisible from 19,600 sf with office B-T-S. Fiber optic cable! Heavy power! Direct freeway access to I-35W and Highway 10! 2525 Hwy 10 NE Mounds View, MN 55112-4031 2525 Hwy 10 NE Building Size: 6,050 SF Available SF: 6,050 SF General Use: Retail Max Contig: 6,050 SF Specific Use: Freestanding -- Other Min Div: 6,050 SF Status: Existing Lease Rate: Negotiable NNN Year Built: 2005 Sublease: No Parking Ratio: 8.26 /1000 Listing Agent: Cushman & Wakefield Deborah Carlson (952) 465-3370 Major Tenants: Synders Listing Notes: 2009 Real Estate Tax $45,476.00. Paid Annually to Ramsey County Freestanding building with drive-thru land & 41 parking stalls, situated on .96 acres site. Strong location with easy access and great visibility from CO RD 10. High traffic count of approx. 21,600 vehicles per day. Developed in 2005 with quality design and contruction. 2546 Hwy 10 Mounds View, MN 55112-4032 Silver View Plaza Building Size: 35,160 SF Available SF: 25,522 SF General Use: Retail Max Contig: 13,176 SF Specific Use: Neighborhood Center Min Div: 1,600 SF Status: Existing Lease Rate: $8.00 - $10.00 NNN Year Built: 1987 Sublease: No Parking Ratio: 4.49 /1000 Listing Agent: Kraus-Anderson Realty Jim Stimmler (952) 948-9417 Major Tenants: Domino's Pizza Fantastic Sams Corvette Specialties Listing Notes: Listings Summary Report Page 2 of 5 6/1/2011http://www.mncar.org/propertysearch.htm 2975 Hwy 10 NE Mounds View, MN 55112 2975 Hwy 10 NE Building Size: 1,427 SF Available SF: 1,427 SF General Use: Retail Max Contig: 1,427 SF Specific Use: Convenience/Strip Center Min Div: 1,427 SF Status: Existing Lease Rate: Negotiable Year Built: 1959 Sublease: No Parking Ratio: /1000 Listing Agent: Kraus-Anderson Realty Jim Stimmler (952) 948-9417 Major Tenants: Thrifty Car Rental Listing Notes: 5251-5267 Program Ave Mounds View, MN 55112 Mounds View Business Park Bldg G Building Size: 352,598 SF Available SF: 148,099 SF Specific Use: Bulk Warehouse Max Contig: 148,099 SF Status: Existing Min Div: 40,000 SF Year Built: 1989 Lease Rate: $4.50 - $8.50 NNN Office SF: Sublease: No Dock Doors: 21 Drive-In Doors: 4 Listing Agent: CB Richard Ellis John Ryden (952) 924-4641 Clear Height: 30.00 FTabc Parking Ratio: 1.15 /1000 Rail: No Sprinkler: Yes Listing Notes: High-image business park setting with great freeway visibility. Features high quality finish level of office space and 30' clear, clean, warehouse space with large truck court. Fiber optic cable- dual lines and large capacity. Great location with easy access to I-35W. Available Now! Listings Summary Report Page 3 of 5 6/1/2011http://www.mncar.org/propertysearch.htm 2375 Co Rd 10 Mounds View, MN 55112 Saturn of Moundsview Building Size: 15,000 SF Sale Type: Owner/User General Use: Retail Price: Negotiable Specific Use: Automotive Price/SF: Status: Existing Year Built: Listing Agent: The Davidson Companies, Inc Robin Davidson (651) 481-6290 Parking Ratio: Major Tenants: Listing Notes: 3.2 acre auto dealership site including the following: car wash, oil change,indoor display area, repair bays, onsite exterior display 150 automobiles, all equipment and fixtures. Opportunity for potential convenience/gas development. 2400 Co Rd H2 Mounds View, MN 55112 2400 Co Rd H2 Building Size: 11,416 SF Sale Type: Inv. or Owner/User General Use: Retail Price: $650,000 Specific Use: Restaurant - Full Service Price/SF: $56.94 Status: Existing Year Built: 1973 Listing Agent: Investors of Minnesota DJ Sikka (952) 922-7211 Parking Ratio: 10.51 /1000 Major Tenants: Listing Notes: 2.05 acres! 11,416 square feet Beautiful Sports Bar & Grill located in Mounds View. Music events for up to 500 people good parking, equipment list available. Call Restaurant Brokers of MN, DJ Sikka 952-929-9273. 2408 Hwy 10 Mounds View, MN 55112 Mounds View City Center Building Size: 11,196 SF Sale Type: Inv. or Owner/User General Use: Office Price: $995,500 Class: A Price/SF: $88.92 Floors: 1 Specific Use: General Purpose Status: Existing Listing Agent: Suntide Commercial Realty, Inc. Derrick Jensen (651) 209-9614 Year Built: 1999 Parking Ratio: Listing Notes: Listings Summary Report Page 4 of 5 6/1/2011http://www.mncar.org/propertysearch.htm 2525 Hwy 10 NE Mounds View, MN 55112-4031 2525 Hwy 10 NE Building Size: 6,050 SF Sale Type: Inv. or Owner/User General Use: Retail Price: $2,500,000 Specific Use: Freestanding -- Other Price/SF: $413.22 Status: Existing Year Built: 2005 Listing Agent: Cushman & Wakefield Deborah Carlson (952) 465-3370 Parking Ratio: 8.26 /1000 Major Tenants: Synders Listing Notes: Freestanding building with drive-thru land and 41 parking stalls. Stong location with easy access and great visibility from Co Rd 10. High traffice ount of 21,600 vehicles per day. Quality design and construction. Owner will consider leasing proposals. 2975 Hwy 10 NE Mounds View, MN 55112 2975 Hwy 10 NE Building Size: 1,427 SF Sale Type: Inv. or Owner/User General Use: Retail Price: $295,000 Specific Use: Convenience/Strip Center Price/SF: $206.73 Status: Existing Year Built: 1959 Listing Agent: Kraus-Anderson Realty Jim Stimmler (952) 948-9417 Parking Ratio: /1000 Major Tenants: Thrifty Car Rental Listing Notes: Highly visible location. Great opportunity for automotive use, contractors office, fast food or small retail use. 5360-5372 Edgewood Dr Mounds View, MN 55112 5360-5372 Edgewood Dr Building Size: 8,300 SF Sale Type: Inv. or Owner/User General Use: Office Price: $178,250 Class: A Price/SF: $115 Floors: 1 Specific Use: General Purpose Status: Existing Listing Agent: Premier Commercial Properties Robert (Marty) Fisher (763) 862-2005 Year Built: 2006 Parking Ratio: 5.42 /1000 Listing Notes: Professional image office condo built in 2006. Nicely arched entry areas. Great location. Plenty of parking. Only 1 unit left! Chiropractor, dentist, builder on site. Join these professional users..10% down is all you need! Listings Summary Report Page 5 of 5 6/1/2011http://www.mncar.org/propertysearch.htm Item No: 2 Meeting Date: June 6, 2011 Type of Business: Work Session Administrator Review: ____ City of Mounds View Staff Report To: Honorable Mayor and City Council From: Heidi Steinmetz, Economic Development Specialist Item Title/Subject: Review Proposal to Lease Former Chamber Space at the Mounds View Community Center Background The Mounds View Community Center office space (formerly occupied by the Twin Cities North Chamber) has been vacant since May 2010. The amount of office space available for lease is approximately 1,330 square feet. The location of the office space is shown on the attached flyer. Discussion In October 2010, City staff received an inquiry about the vacant office space from Rev. Alexander Collins of Redeemed Life Church International. Redeemed Life Church currently holds Sunday services at Sunrise United Methodist Church in Mounds View. On May 15, 2011, Rev. Collins submitted the attached proposal letter offering to lease the vacant office space for $5 per square foot. He would use the space for the church offices, weekly Bible studies, prayer meetings and for community gathering on Sundays from 10am to 1pm. Recommendation Staff recommends that the City Council discuss the attached lease proposal letter from Rev. Alexander Collins. Respectfully submitted, ___________________________ Heidi Steinmetz, Economic Development Specialist Attachments  Mounds View Community Center Office Space Flyer  Letter from Rev. Alexander Collins, May 15, 2011 OOffffiiccee SSppaaccee FFoorr LLeeaassee 55339944 EEddggeewwoooodd DDrriivvee,, MMoouunnddss VViieeww,, MMNN 5555111122 Leasing Contact: Heidi Steinmetz, City of Mounds View Call 763-717-4029 or E-mail heidi.steinmetz@ci.mounds-view.mn.us 22001100 LLeeaassee RRaattee −− $$1100..0000 ppeerr ssqquuaarree ffoooott  Lease rate includes utilities, common area charges and garbage  Lease rate does NOT include taxes, phone, Internet, cable or any other lessee desired improvements SSiittee aammeenniittiieess  Market rate* use of the event center (max occupancy 300)  Market rate* use of meeting rooms (max occupancies 20 & 60)  Market rate* use of exercise facilities  Market rate* use of gym area  Ample parking  High speed Internet available for $37.50 per month + initial set up *Discount provided for non-profits and religious institutions, residents and resident organizations. Community Center Main Entrance May 15, 2011 The Mounds View City Council 2401 County Road 10 Mounds View, MN 55112 Dear Council Members: I am Rev. Alexander Collins, Lead Pastor at Redeemed Life Church International—7687 Long Lake Road, Mounds View, MN. Our church is discussing with Ms. Heidi Steinmetz the possibility of renting the 1300 square foot space current available at the Community Center. As a follow-up to the discussion, this letter is intended to introduce our church to you, to make an offer for the available space and to give the background, education, and training of our pastor. Redeemed Life Church is an authentic small (40-50) community of believers in Jesus Christ as Lord and Savior. The church is community oriented, built on the centrality of Scripture, the necessity of the new birth (new life in Jesus Christ), and the ongoing empowering work of the Holy Spirit in the believer’s life. Our mission is to lead more people find true life in Jesus Christ—John 10:10; Jeremiah 1:5, Matthew 28: 16-20, and our vision is to become a multi-cultural, multi-racial life-giving church steadfastly grounded on the prevailing Word of God and leading more people find true life in Jesus Christ to fulfill their God-given purpose—Luke 19:10; Jeremiah 29:11; Isaiah 60:1-3. Our Values--Christ-Centered --reflected in our character, family oriented, and community focused. We go into the world with faithful hearts, listening ears, and bold spirits; we engage our spheres of influence and beyond, welcoming all people to know Christ and his kingdom, and we serve human needs within our local communities and the world—Psalm 103: 1-7 Our Offer for Space Rental--The 1300 square foot space will be used for office space, weekly Bible studies, prayer meetings and for our community gathering on Sundays 10:00am-1:00pm. We would like to offer the City $5.00 per square foot for the first two years and thereafter renegotiate the per square foot rate. Our church in partnership with New Horizons Resource Group (NHRG)—a professional works-kills development organization intends to use some of the space for a community computer lab and job skills development training. My Background, Education and Training—I am a father of three children, a husband to Rebecca Collins for over eleven (11) years. I am an ordained pastor for over thirteen (13) years and a MN State licensed pastor for over ten (10) years. I hold a Bachelor of Divinity degree from Acts College, Currently a Master of Divinity graduating senior at Acts College. I have a Mini-MBA Professional Certificate in Nonprofit Management from St. Thomas University, and a student at the Wilder H. Foundation-- James P Shannon Community and Non-profit leadership Institute. I am an accredited Global Career Development Facilitator (GCDF) a Certified Offender Workforce Development Specialist (OWDS) with the MN Department of Corrections and the National Institute of Corrections. I am also a certified Personal Leadership (Empowerment) Facilitator (CEF) and have worked in the Workforce Development Industry for over six (6) years teaching Financial Literacy, work-skills Communication, Customer Service, Empowered Thinking and a host of Employment Readiness classes. Outside of my pastoral duties, I work as a work/life-skills Coach and Instructor and I definitely look forward to putting my skills to work within the Mounds View community. Council Members, if I or our church council can be of further help to this process, please do not hesitate to contact me or the Church Council. My cell phone number is 763-742-6906 and the church phone number is 763-780-5433. We are excited about the prospect of renting a space at the Community Center and we look forward to your fruitful response. If at all possible, we would like to start using the space by the middle of June 2011. Grace and peace, Rev. Alexander Collins Item No. 4 Meeting Date: June 6, 2011 Type of Business: Work Session City Administrator Review: ______ City of Mounds View Staff Report To: Honorable Mayor and City Council From: Mark Beer, Finance Director Item Title/Subject: Discussion of Priorities for the 2012 Budget City staff has been busy working on the details of the 2012 budget. This item is placed on the agenda to give the City Council and residents the opportunity to provide input to staff early in the process. Department Heads can then use this guidance as they work on the details of their proposed budgets. Key 2012 Budget Issues: The Legislature has adjourned for 2011 but will be called back into a special session by the Governor as a result of his veto of all the spending bills. There is a serious impasse between the Governor and the Legislature and there may be a state shut-down as a result. The City had Local Government Aid (LGA) withheld of $339,558 and Market Value Homestead Credit (MVHC) of $160,156 for 2010 and the budget passed by the Legislature before the veto would withhold LGA and MVHC at no greater than 2010 amounts. The Council wisely did not include LGA in the 2011 budget. If the Legislature’s budget is passed, our 2011 budget will be $14,990 short of what we budgeted. ($484,724 certified for 2011 vs. 2010 amount withheld of $499,714) General Fund 2011 Budget by Type Personnel 62.4%3,534,391 Contractual services 21.4%1,208,747 Capital outlays 5.9%333,094 Supplies 4.4%249,589 Transfers 4.3%245,000 Fire debt service 1.6%89,662 Contingency 0.0%- Total 100%5,660,483 General Fund 2011 Budget by Function Police 40.7%2,304,086 Public Works 15.6%883,635 Park and Recreation 9.3%528,064 Community Development 8.2%463,831 Fire 5.3%297,467 Administration 4.1%233,117 Finance 4.4%247,870 Central Services 4.2%238,923 Legislative 1.1%60,917 Debt Service 1.6%89,662 Contingency 0.0%- Misc. Contracual Service 1.2%67,911 Transfers to other funds 4.3%245,000 Total 100%5,660,483 The state began the legislative session with a $5 billion deficit for the 2012/2013 budget period beginning on July 1, 2011. Staff recommends that we anticipate that the LGA and MVHC will be reduced at the same level as 2010 of $499,714. Inflation is moderate at present and the state levy cap will not be effective for 2012. The City’s charter cap is more restrictive and excludes debt service and capital project levies from inclusion in the cap calculation. A 1% levy increase would generate an additional $41,814 in tax revenue. The maximum the levy could increase under the City Charter is 4% – 4.5% depending on inflation and excluding debt service and capital projects. ($167,256 to $188,163) The City will be negotiating with the four bargaining units for the 2012/2013 contract years. 14 employees will receive step or longevity increases in 2012. The 2010 and 2011 budgets provided for no cost of living wage increase. The City laid off the Community Development Director in early 2011 due to greatly reduced permit revenue and with the anticipation that future permit revenue would continue at a reduced level for some time. This layoff will help off-set any additional cuts to state aid for 2011. The economy is still very fragile and has seen very slow growth. Health insurance cost increases are not known, we will receive our rate notice in mid August. The impact to the budget will depend on the labor contracts. The City’s health insurance contribution increased $35.13 in 2011 to $867.33 per month. The employer share of PERA will remain at 7.25% for Coordinated plan members and 14.4% for Police for 2012. PERA coordinated rates have increased from 5.53% in 2005 to 7.25% in 2011, police PERA rates have increased from 9.3% in 2005 to 14.4% in 2011. The payroll cost for 48 FT and 2 PT employees is $2,152 per hour, $17,216 per day, $86,080 per 40 hour week and $4,475,160 per year. County dispatch fees will increase $13,044 or 16.91% to $90,188. Fire department costs will most likely increase in 2012 after being flat for 2 years. Information technology costs will increase for 2012 by about $3,600 after 3 years of no increase. Fuel prices were budgeted at $3.25 for 2011, staff would recommend using $4.50 for 2012 this will add $27,125 to the General Fund budget. Overall most revenues that are tied to economic activity will be flat. Investment income will remain flat to slightly increasing in 2012 as a result of Federal Reserve activities and the threat of inflation. The franchise fee rate is at 3.87%; the revenue generated from this fee will be dependent on commodity prices and economic activity in 2012. 2010 General Fund reserves are $2,820,035 this represents 49.82% of 2011 budgeted expenditures and transfers. Fund balance increased by $63,519 for 2010 as a result of decisions the City Council made in an effort to off-set additional LGA and MVHC cuts and unanticipated fee income from the sale of conduit debt. The City’s budget has been under pressure for several years due to LGA and MVHC cuts at the state level, with very little left in discretionary budget items. The Council will need to give direction on how they would like to resolve the coming General Fund deficit. One of the City’s goals is to develop a sustainable budget. The deficit will be in the $150,000 to $250,000 range. Some items the Council can consider are: Reduce services/personnel Increase transfers Increase the property tax levy Use fund balance Conclusion Staff is looking for direction from the Council on priorities for the budget and property tax levy. The above items are some of the issues that will drive the 2012 budget and are presented for your consideration. Respectfully Submitted, Mark Beer