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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2017 <br /> <br /> <br /> <br /> <br /> <br />2016B Tax Abatement Mirror Lake improvements and Tax abatement revenue 100% N/A 2016 - 2026 878,850 667,236 105,355 <br />pedestrian safety improvements <br />2017A Road Improvements 2017 road reconstruction Special assessments 16%N/A 2017 - 2033 3,313,916 - 258,474 <br />Property taxes 84% <br />2017A Equipment Certificate 2017 Equipment note Tax abatement revenue 100% N/A 2017 - 2033 612,133 - - <br />2014C Road Improvements Refunding of 2008A Property taxes 100% N/A 2014 - 2024 1,129,962 160,575 194,915 <br />Silver Lake Road improvements <br />2009B Road Improvements Refunding of 2001B and 2002A Special assessments 7%N/A 2009-2018 106,575 185,625 225,723 <br />Refunding Road Improvement Bonds Property taxes 93% <br />2015B TIF Refunding 2006B TIF Bonds TIF 100% N/A 2015-2031 4,621,206 306,163 831,853 <br />2014B TIF Refunding 2007 TIF Bonds TIF 100% N/A 2015 -2031 3,944,388 268,875 710,021 <br />2013A G.O. Water/Sewer Refunding 2003B G.O. Charges for services 100% 51% 2013-2024 1,045,450 145,750 2,044,726 <br />Revenue Water/Sewer Revenue Bonds <br />2011A Road Improvements Refunding 2003A Street Special assessments 22%N/A 2011 - 2026 294,169 140,863 170,380 <br />Refunding Improvement Bonds Property taxes 78% <br />2011B Road Improvements Refunding 2004A and 2005A Special assessments 25%N/A 2012 - 2020 954,555 276,910 336,415 <br />Refunding Street Improvement Bonds Property taxes 75% <br /> <br /> <br />Note 7 DEFINED BENEFIT PENSION <br /> <br />A. COST SHARING MULTIPLE – EMPLOYER PLANS <br /> <br />PLAN DESCRIPTION <br /> <br />The City participates in the following cost-sharing multiple-employer defined benefit pension plans <br />administered by the Public Employees Retirement Association of Minnesota (PERA). PERA’s <br />defined benefit pension plans are established and administered in accordance with Minnesota Statutes, <br />Chapters 353 and 356. PERA’s defined benefit pension plans are tax qualified plans under Section <br />401 (a) of the Internal Revenue Code. <br /> <br /> 1. General Employees Retirement Fund (GERF) <br /> <br />All full-time (with the exception of employees covered by PEPFF) and certain part-time <br />employees of the City are covered by the General Employees Retirement Fund (GERF). GERF <br />members belong to either the Coordinated Plan or the Basic Plan. Coordinated Plan members are <br />covered by Social Security and Basic Plan members are not. The Basic Plan was closed to new <br />members in 1967. All new members must participate in the Coordinated Plan. <br /> <br /> 2. Public Employees Police and Fire Fund (PEPFF) <br /> <br />The PEPFF, originally established for police officers and firefighters not covered by a local relief <br />association, now covers all police officers and firefighters hired since 1980. Effective July 1, <br />64