HomeMy WebLinkAboutCC PACKET 03252003 Meeting Sheet
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Folder: CC PACKETS 2001-2004
Document: CC PACKET 03252003
CITY OF ST. ANTHONY
Our mission is to be a progressive and livable community,
a walkable village, which is safe and secure.
CITY COUNCIL MEETING AGENDA
March 25, 2003
7:00 PM
Council Chambers
Call to Order.
Pledge of Allegiance.
Roll Call.
Consideration, Discussion, and Possible Action on All of the.Following Items:
I. Approval of March 25, 2003 City Council Meeting Agenda. Action requested.
II. Proclamations and Recognitions.
A. Approve Shriner's request for the sale of Vedalia onions at the
Stonehouse parking lot on May 3 and 4. Action requested.
III. Community Forum.
Individuals may address the City Council about any item not included on the
regular agenda. Speakers are requested to come to the podium, state their name
and address for the Clerk's record and limit their remarks to five minutes.
Generally, the City Council will not take official action on items discussed at this
time, but may typically refer the matter to staff for a future report or direct that the
matter be scheduled on an upcoming agenda.
IV. Consent.Agenda.
These items are considered routine and will be enacted by one motion. Therei will
be no separate discussion of these items unless a Councilmember or citizen so
requests, in which event the item will be removed from the Consent Agenda and
placed elsewhere on the agenda.
A. Approve March 11, 2003 Council meeting minutes. (pp. 1 - 7)
B. Licenses and permits. (pp. 8 - 9)
C. Claims. (pp. 10 - 12)
V. Public Hearings,- None.
Page 2
VI. Reports From Commissions and Staff.
A. Update from the Planning Commission.
B. Update from the Parks Commission.
VII. General Policy Business of the Council.
A. Resolution 03-027, re: Approve sale of$1,700,000 GO Bonds,
Series 2003A, to finance the 2003 street reconstruction program. Action
requested. (pp. 13 - 16)
B. Resolution 03-028, re: Approve sale of$2,200,000 GO Bonds, Series
20038, to finance the cost of 271' Avenue NE sanitary sewer replacement,
installation of water main in the Kenzie Terrace area, chemical treatment
facility renovation for the water supply system and related system
improvements. Action requested. (pp. 17 - 20)
C. Resolution 03-029, re: Approve sale of Equipment Certificates, Series C,
to finance a portion of the cost of replacing fire and public works
equipment. Action requested. (pp. 21 - 24)
D. Resolution 03-030, re: Approve 2003 City Goals. Jim Prosser, Ehler's &
Associates will be present. Action requested. (pp. 25)
VIII. Reports From City Manager and Councilmembers.
IX. Information and Announcements.
X. Miscellaneous Informational Documents.
XI. Adjournment.
City Council Regular Meeting Minutes 1
March 11, 2003
Page 1
1 CITY OF ST. ANTHONY
2
3 CITY COUNCIL REGULAR MEETING MINUTES
4
5 March 11, 2003
6
7 CALL TO ORDER.
8 Mayor Hodson called the meeting to order at 7:00 p.m.
9
10 PLEDGE OF ALLEGIANCE.
11 Mayor Hodson invited the Council and audience to join him in the Pledge of Allegiance.
12
13 ROLL CALL.
14 Present: Mayor Hodson; Councilmembers Sparks and Thuesen.
15 Absent: Councilmembers Horst and Faust.
16 Also Present: City Manager Mike Mornson.
17
18 CONSIDERATION, DISCUSSION,AND POSSIBLE ACTION ON ALL OF THE FOLLOWING
19 ITEMS.
20
21 I. APPROVAL OF MARCH 11,2003 CITY COUNCIL MEETING AGENDA.
22 Motion by Councilmember Sparks to approve the City Council Meeting Agenda of March 11,
23 2003.
24
25 Motion carried unanimously.
26
27 H. PROCLAMATIONS AND RECOGNITIONS.
28 A. Proclamation declaring April as Child Abuse Prevention Month.
29 Councilmember Sparks read the Proclamation proclaiming April as Child Abuse Prevention
30 Month.
31
32 Motion by Councilmember Sparks to approve the Proclamation declaring April as Child Abuse
33 prevention Month.
34
35 Motion carried unanimously.
36
37 III. COMMUNITY FORUM.
38 Mayor Hodson invited residents to come forward at this time and address the Council on items
39 that are not on the regular agenda.
40
41 Stan Nelson of 3504 Maplewood Drive came forward and addressed his thoughts regarding the
42 affordability of new City facilities. He said the fees for Homeowners Insurance is jumping
43 considerably in 2003. His homeowners insurance was raised 53%this year. He said many
44 senior citizens rely on fixed income investments for living expenses and his own income for
45 2002 was down$4500 compared to 2001.
46
City Council Regular Meeting Minutes
March 11, 2003
Page 2
1 Mr.Nelson reviewed some Real Estate Tax comparisons with the Council. He said Real Estate
2 Tax is currently based on Taxable Market Value. He stated that currently, the much higher
3 Estimated Market Value has no effect on Real Estate Tax to be paid. He indicated that State law
4 dictates that over the next four years Taxable Market Value must converge toward Estimated
5 Market Value until they are equal for the 2007 Tax year. He stated that using the 2003 tax rate
6 schedule his 2004 taxes will be increasing $250.00, however, it would be increasing$750.00 if it
7 were based on Estimated Market Value instead of Taxable Market Value.
8
9 Mr.Nelson said the taxpayers of St. Anthony are facing huge and automatic Real Estate Tax
10 increases, income is dropping for senior citizens, and Homeowners Insurance Rates are climbing
11 dramatically; therefore,the affordability of a new fire station and maintenance facility must be
12 considered.
13
14 Mr.Nelson also discussed County tax issues and gave an overview of Real Estate tax dollars
15 percent distribution. He recommends joining with other County suburbs to force Hennepin
16 County to curb spending and limit their tax increases.
17
18 Councilmember Sparks asked what Mr. Nelson's take was on financing a fire station. Mr.
19 Nelson said he is not against updating the fire station,however, it's the affordability he's
20 concerned about. He feels the size of the fire station is something that needs to be justified.
21
22 Robert Kluwe of 2600 34`h Avenue Northeast came forward to address the Council. He stated
23 his purpose of coming forward was to give a formal notice of appeal on the assessment he had.
24 He said he lives on a corner lot and does not understand why comer lots are assessed on both
25 frontage and side lengths while non-comer lots are assessed only according to their frontages.
26
27 Mr. Kluwe stated that if equal assessment amounts are not going to be applied then he feels
28 square footage should be considered. He stated his lot is 11,250 square feet and believes the
29 property at 3326 Edward Street is 17,775 square feet. He said that property is probably valued at
30 twice of what his is, yet he is being assessed$7,506.00 compared to their assessment of
31 $4,448.00. Mr. Kluwe reviewed the diagrams he provided.
32
33 He said that State law says all properties have to be assessed in the same manner. He said it
34 would be a great year to change the policy since there are only four residents that need changes.
35
36 Mayor Hodson asked if there were any other residents that wanted to come forward. Hearing
37 none,Mayor Hodson moved forward with the agenda.
38
39 IV. CONSENT AGENDA.
40
41 1. Approve February 11, 2003 Council meeting agenda.
42 2. Consider licenses and permits.
43 3. Consider payment of claims.
44 4. Resolution 03-025 re: Submittal of the 2003 Hennepin County Municipal Recycling
45 Grant Application.
46
47
City Council Regular Meeting Minutes 3
March 11, 2003
Page 3
1 Motion by Councilmember Thuesen to approve the Consent Agenda items.
2
3 Motion carried unanimously.
4
5 Councilmember Sparks asked about the possibility of recycling plastic bags. City Manager
6 Mornson said he would look into it.
7
8 V. PUBLIC HEARINGS.
9 None.
10
11 VI. GENERAL POLICY BUSINESS OF THE COUNCIL.
12 A. Engineering update and Resolution 03-026,re: Authorize bids for City's water filtration
13 System Todd Hubmer, WSB &Associates, Inc.)
14 Todd Hubmer of WSB &Associates, Inc.provided an update on the current status of projects
15 within St. Anthony Village.
16
17 Mr. Hubmer gave an update on the Influent Infiltration Reduction Program. He said as a follow-
18 up to the goal-setting retreat, options for reducing clear water influent and infiltration into St.
19 Anthony Sanitary Sewer System are currently being reviewed. He anticipates that these options
20 will be presented to City Council in April.
21
22 Mr. Humber gave an update on the St. Anthony Village Wellhead Protection Plan. He said the
23 Ramsey County Soil and Water Conservation District has completed a draft of the City of St.
24 Anthony's Wellhead Protection Plan. City staff met with Ramsey County staff to discuss this
25 plan on March 11, 2003.
26
27 Mr. Humber gave an update on the NPDES Phase II Permit. He indicated that the City of St.
28 Anthony National Pollutant Discharge Elimination Systems Phase II Permit is being worked on.
29 He said this permit was prepared and submitted to the Minnesota Pollution Control Agency on
30 March 10, 2003.
31
32 Mr. Hubmer gave an update on the,Kenzie Terrace Sanitary and Water Main Improvement
33 Project. He stated that construction plans for completion of this project are 90% complete. It's
34 anticipated that the plans will be completed by the end of March with an anticipated bid opening
35 of May 2003. He anticipates that a neighborhood meeting will be held for individuals adjacent
36 to this project in April 2003.
37
38 Mr. Hubmer gave an update on the 2003 Street Reconstruction Project. He said the utility
39 meeting was held on March 5, 2003 to discuss the coordination between Minnegasco and the
40 City's Contractor for the 2003 Street Project. He indicated that the Preconstruction Meeting with
41 the Contractor, the City staff, WSB staff, Subcontractors, and all utility organizations is
42 scheduled for April 2003. Following this Preconstruction meeting Mr. Hubmer said a
.43 neighborhood meeting will be held during the last week of April to discuss the project's schedule
44 and to provide residents with additional information concerning the 2003 project and to answer
45 any questions. The first construction newsletter is scheduled to be published and mailed the last
46 week of April 2003.
47
City Council Regular Meeting Minutes 4
March 11, 2003
Page 4
1 Mr. Humber gave an update on the Stone House Right-of-Way vacation Documents. He -
2 indicated that WSB &Associates, Inc. has been working with Hennepin County to coordinate
3 the vacation of portions of County Road 88 and Silver Lake Road back to the City of St.
4 Anthony. These portions of right-of-way currently reside over the eastern third of the Stone
5 House parcel. He said it is anticipated that the easements will be vacated and St. Anthony will
6 have ownership of these parcels in the near future.
7
8 Mr. Hubmer provided an update on the St. Anthony Boulevard Neighborhood Meeting. He said
9 a neighborhood meeting was held with the residents of St. Anthony Boulevard on March 5,2003
10 to discuss a potential lighting improvement plan, as well as to discuss speed limit issues related
11 to St. Anthony Boulevard.
12
13 Mr. Hubmer reviewed the resolution authorizing WSB &Associates, Inc. to prepare the final
14 plans and specifications for the improvements to the chemical treatment room at the St. Anthony
15 Village Water Treatment Plan. He said this project is an implementation component of the water
16 and sewer study which was conducted in 2002. He said it is anticipated that the project would
17 begin construction in September 2003 and be completed by the spring of 2004.
18
19 Mr. Hubmer stated that as part of the preparation of final plans and specifications, a number of
20 options for the chlorine storage facility will be evaluated and presented to City staff for their
21 review. He said a preliminary estimate of the cost to complete water treatment plant
22 improvements is approximately$1,000,000.
23
24 Councilmember Sparks asked why it's being used as a bond versus taking it out of the fund
25 established for the water treatment facility. Mr. Hubmer said the fund is there so the City can
26 accrue interest and replace the plant at sometime in the future.
27
28 Motion by Councilmember Thuesen to adopt Resolution 03-026,re: Authorize bids for City's
29 water filtration system.
30 Motion carried unanimously.
31
32 VII. REPORTS FROM COMMISSIONS AND STAFF.
33 A. Liquor Operations 2002 Annual Report.
34 Mike Larson came forward to review the St. Anthony Liquor Operations.
35
36 Mr. Larson provided background information on the St. Anthony Liquor Operations. He said the
37 City owns and operates two off-sale liquor stores and one on-sale bar and restaurant. He said the
38 operation has a full time operations manager, a store manager at each off-sale store and a
39 bar/restaurant manager.. A full time lead liquor clerk and a full time bartender are also employed
40 at the off-sale stores. He said in addition to the full time staff, the off-sale stores have 15 part
41 time clerks and the Stonehouse has 15 part time employees.
42
43 Mr. Larson said the City's liquor operations experienced increased sales during 2002 when
44 compared to 2001. He indicated that sales at store#1, located next to the Stonehouse, increased
45 $20,000.00. Sales at store#2, located at Apache Plaza, increased$87,000.00. The Stonehouse
46 experienced a$15,000.00 increase in sales. He said the overall sales increased $122,000.00 for
47 the liquor operation. He briefly reviewed the reasons for the increase in sales.
City Council Regular Meeting Minutes 5
March 11, 2003
Page 5
2 Mr. Larson gave a recap of 2002 activities and events. He said they continued with the annual .
3 promotions such as the Villagefest"Kick-off Party in the Parking Lot", the Stonehouse golf .
4 tournament and"Pig Skin Pick's"contest where customers at the Stonehouse can pick the
5 winners of each week in the NFL. He said the Stonehouse also hosted the St. Anthony Chamber
6 of Commerce Golf Tournament dinner and awards ceremony. Mr. Larson also gave_an overview
7 of the awards received in 2002.
8
9 Mr. Larson said that liquor sales accounted for$1,288,770.00 at both stores, an increase of
10 $32,000.00 over 2001. Beer sales accounted for$1,838,700.00 at both stores, an increase of
11 $16,000 over 2001. Wine sales accounted for$966,000.00 at both stores, an increase of
12 $68,300.00 over 2001. Tobacco sales accounted for$113,000.00 in sales at both stores, a
13 decrease of$1,200.00 over 2001. Mix and miscellaneous sales accounted for$95,900.00 in
14 sales, a decrease of$150.00 over 2001. Mr. Larson also reviewed the eight-year net profit
15 history.
16
17 Councilmember Sparks asked Mr. Larson to talk about dram shop insurance. Mr. Larson said he
18 expected an across the board increase in 2003.
19
20 Councilmember Sparks asked Mr. Larson to explain the process when there are claims. Mr.
21 Larson said his staff goes through beverage alcohol training to help them identify someone who
22 has had too much to drink.
23
24 Councilmember Thuesen complemented Mr. Larson and the staff and said he appreciates all of
25 their hard work.
26
27 Mayor Hodson also thanked Mr. Larson and the staff and said their customer service is excellent. _
28
29 VIII. REPORTS FROM CITY MANAGER AND COUNCILMEMBERS.
30 Mr. Mornson gave an update on State budget aid cuts in 2003 and 2004.
31
32 Mr. Mornson gave an update on the fire truck. He said a demo is being bid for an estimated
33 savings of$80,000.
34
35 Mr. Mornson provided an update on the Public Facilities Study Group. He said the next Open
36 House is scheduled for April 22, 2003 and the final report will be presented May 13, 2003.
37
38 Mr. Mornson gave an update on the Stonehouse Redevelopment. He said title work and Phase 1
39 is currently underway. He indicated that Hennepin County staff has tentatively agreed to deed
40 the easement back to the city. He said Amcon will meet with Mike Larson on possible design
41 for the off-sale and the Developers Agreement will be approved May 13, 2003.
42
43 Mr. Mornson gave an update on the Apache Plaza project. He said a property owners meeting
44 will take place to discuss the project. He attended a meeting with the Met Council staff last
45 week.
46
City Council Regular Meeting Minutes
March 11, 2003
Page 6
1 Mr. Mornson said a joint meeting with the School Board is scheduled for April 29, 2003 from
2 6:30 to 8:00 p.m. A neighborhood meeting with St. Anthony Boulevard residents will take place
3 at 8:00 p.m.
4
5 Councilmember Sparks said she attended the Parks Committee meeting. She said proofs for the
6 prefab building were provided and it was a good meeting overall.
7
8 Councilmember Sparks indicated that Village Fest may take place at the Salvation Army Camp.
9
10 Councilmember Sparks said the Citizens Advisory Committee.will be formed for the Mississippi
11 Watershed. She indicated they would be interested in having a resident of the City on this
12 committee. She said the Watershed will be forming a stewardship fund and they will also be
13 looking at forming education programs by 2004.
14
15 Councilmember Thuesen said he will attend the March 18, 2003 Planning Commission meeting.
16
17 Councilmember Thuesen wanted to assure the residents that the Council will continue to look at
18 how they can be responsible for tax dollars.
19
20 Mayor Hodson commented on the article about the Northwest Quadrant Redevelopment.. He
21 said it brought a lot of positive attention to what is going on in the City.
22
23 Mayor Hodson pointed out all of the developments going on in the City.
24
25 Mayor Hodson said May 1, 2003 will be the State of the City. He said recognition of volunteers
26 will follow the State of the City.
27
28 Mayor Hodson indicated that excellent ideas came from Coffee with the Mayor.
29
30 IX. INFORMATION AND ANNOUNCEMENTS.
31 None.
32
33 X. MISCELLANEOUS INFORMATIONAL DOCUMENTS.
34. None.
35
36 XI. ADJOURNMENT.
37 Motion by Councilmember Thuesen to adjourn the meeting at 8:05 p.m.
38
39 Motion carried unanimously.
40
41 Respectfully submitted,
42
43
44 Rebecca Roehl
45 TimeSaver Off Site Secretarial, Inc.
46
47 Mayor
City Council Regular Meeting Minutes
March 11, 2003
Page 7
1 ATTEST:
2 City Clerk
3
Saint Anthony Village-
DATE: March 25, 2003 Approved:
TO: Mayor and Councilmembers
FROM: Judy Monson, License Clerk
ITEM: License and Permits for Approval:
Contractors License:
McCon Building Corporation, Highland, WI
Kraus Anderson, Minneapolis, MN
Arbor Design Tree Service, Inc., Brooklyn Center, MN
Jim Greeley Signs and Awnings Inc., Richland Center, WI
Service Station License (Renewal)
Marathon Mini Mart
Freedom Valu Centers
Don's Apache Auto Wash
St. Anthony Mobil
Cigarette License/Tobacco Products License: (Renewal)
Freedom Valu Centers
Marathon Mini Mart
Walgreens Drug Store
Snyders Drug Store
Murphy's Service Center
Garbage Haulers License:
Waste Management of Minnesota Inc.,Blaine, MN
Aspen Waste Systems, Inc., Minneapolis, MN
9
Saint Anthony Village
DATE: March 25, 2003 Approved:
TO: Mayor and Councilmembers
FROM: Judy Monson, License Clerk
ITEM: Liquor Licenses Approval:
Off-Sale 3.2 Beer License:
Freedom Valu Center
Super Valu Holdings, Inc. (Cub Foods)
BRC FINANCIAL SYSTEM ST. ANTHONY VILLAGE
03/18/2003 09: Check Register GL540R-VO6.54 PAGE 1
BANK VENDOR CHECK# DATE AMOUNT
FIRS BREMER BANK NA
001360 A & C SMALL ENGINE 19670 03/26/03 83.35
008242 AFFILIATED COMPUTER SERV 19671 03/26/03 656.86
008621 ALLIANCE MECHANICAL 19672 03/26/03 188.00
005201 AMERICAN STORES 19673 03/26/03 5.61
008909 ARCH WIRELESS 19674 03/26/03 21.84
008255 AVAYA, INC. 19675 03/26/03 29.32
007048 BARTON SAND AND GRAVEL 19676 03/26/03 1,087.08
007168 BOYER FORD TRUCKS, INC. 19677 03/26/03 215.96
000535 BUREAU OF CRIMINAL APPRE 19678 03/26/03 120.00
000610 CATCO CLUTCH & TRANS SVC 19679 03/26/03 456.89
002380 CENTERPOINT ENERGY MINNE 19680 03/26/03 9,275.85
008948 CRAGUN'S CONFERENCE & RE 19681 03/26/03 333.06
008736 CREATIVE FORMS & CONCEPT 19682 03/26/03 507.11
007371 DISCOUNT STEEL, INC. 19683 03/26/03 194.74
000820 DORSEY & WHITNEY 19684 03/26/03 5,620.32
008666 EASYLINK SERVICES CORPOR 19685 03/26/03 101.50
008809 ELAN FINANCIAL SERVICES 19686 03/26/03 105.23
001030 G & K SERVICES INC 19687 03/26/03 457.42
001145 GLENWOOD INGLEWOOD 19688 03/26/03 47.93
008050 GOPHER CASH REGISTER COM 19689 03/26/03 457.95
007059 GOVERNMENT TRAINING SERV 19690 03/26/03 251.00
008709 HALL/SUSAN M.H. 19691 03/26/03 39.40
008944 HENN CNTY INFO TECH DEPT 19692 03/26/03 1,109.54
008365 HENNEPIN COUNTY TREASURE 19693 03/26/03 337.00
008252 HOME DEPOT-GECF 19694 03/26/03 18.00
008658 INSTRUMENTAL RESEARCH, I 19695 03/26/03 76.50
000742 KROEPLIN/CONNIE 19696 03/26/03 9.00
008680 LARSON ALLEN WEISHAIR & 19697 03/26/03 508.00
001980 LEAGUE OF MN CITIES 19698 03/26/03 210.00
002040 LILLIE SUBURBAN NEWSPAPE 19699 03/26/03 843.78
008229 LOFFLER BUSINESS SYSTEMS 19700 03/26/03 1,219.53
008855 MACRO GROUP, INC. 19701 03/26/03 320.00
002130 MAMA .19702 03/26/03 66.00
008178 METRO SALES INC. 19703 03/26/03 155.00
008423 MINNESOTA CHIEF..OF POLIC 19704 03/26/03 4.04
008803 MINNESOTA FIRE SERVICES 19705 03/26/03 15.00
008269 MINNESOTA SHREDDING LLC 19706 03/26/03 54.95
008074 MN POLLUTION CONTROL AGE 19707 03/26/03 345.00
008761 NRG PROCESSING SOLUTIONS 19708 03/26/03 1,391.00
00001 ODDITEE'S 19709 03/26/03 81.50
0.00045 OFFICE DEPOT 19710 03/26/03 350.26-
001230 ONE CALL CONCEPTS, INC. 19711 03/26/03 24.80
008528 PACE ANALYTICAL SERVICES 19712 03/26/03 285.00
008631 PARTS PLUS ROSEVILLE 19713 03/26/03 54.36
004492 QWEST 19714 03/26/03 300.88
008372 QWEST INTEPRISE AMERICA, 19715 03/26/03 49.95
008082 RED WING SERVICE CO 19716 03/26/03 527.18
003100 ROSEDALE CHEVROLET 19717 03/26/03 32.49
O
I
BRC FINANCIAL SYSTEM ST. ANTHONY VILLAGE
03/18/2003 09: Check Register GL540R-V06.54 PAGE 2
BANK VENDOR CHECK# DATE AMOUNT
FIRS BREMER BANK NA
008520 SENSIBLE LAND USE COALIT 19718 03/26/03 40.00
008199 SIGNATURE CONCEPTS, INC. 19719 03/26/03 151.56
008214 SNYDER DRUG 19720 03/26/03 2.39
005306 SPRINGGSTED, INC. 19721 03/26/03 50.00
008846 STANTON GROUP 19722 03/26/03 142.28
008351 STONEBROOKE EQUIPMENT IN 19723 03/26/03 25.58 .
008608 SURVIVALINK 19724 03/26/03 42.75
008700 TC WEB TECH 19725 03/26/03 455.00
008840 THOMAS WALKER CONSULTUNG 19726 03/26/03 180.00
007330 TRI STATE BOBCAT, INC. 19727 03/26/03 133.25
008355 TWIN CITY AREA LABOR 19728 03/26/03 35.00
003630 TWIN CITY SAW & SERVICES 19729 03/26/03 21.25
008859 U.S. BANK 19730 03/26/03 3,523.52
00002 US BANK 19731 03/26/03 92,457.50
008227 VERIZON WIRELESS, BELLEV . 19732 03/26/03 36.00
004494 WASTE -MANAGEMENT - BLAIN 19733 03/26/03 423.66
.00003 WILDER FOUNDATION 19734 03/26/03 30.00
002680 XCEL ENERGY 19735 03/26/03 10,582.10
000830 ZEE MEDICAL SERVICE 19736 03/26/03 21.30
BREMER BANK NA 136,998.32 ***
HRC FINANCIAL SYSTEM ST. ANTHONY VILLAGE
03/18/2003 09: Check Register GL540R-V06.54 PAGE 1
BANK VENDOR CHECK# DATE AMOUNT
LIQR LIQUOR CHECKING ACCOUNT
008621 ALLIANCE MECHANICAL 21821 03/26/03 1,165.25 '
004014 ALLIED PAPER CO. 21822 03/26/03 125.00
008692 AT&T BROADBAND 21823 03/26/03 151.62 .
004293 BELLBOY CORP. 21824 03/26/03 1,341.60
008827 BLACKEY'S BAKERY 21825 03/26/03 114.15
002380 CENTERPOINT ENERGY MINNE 21826 03/26/03 3,793.79
004079 CHECKCARE SYSTEMS 21827 03/26/03 213.00
004085 CITY OF ST ANTHONY 21828 03/26/03 68,750.00 _
008814 CITY WIDE WINDOW SERVICE 21829 03/26/03 34.08
008437 DIRECTV INC 21830 03/26/03 39.20
004120 EAGLE WINE CO 21831 03/26/03 2,153.12
004130 ECOLAB 21832 03/26/03 870.74
004135 ELECTRO WATCHMAN INC 21833 03/26/03 549.38
008647 FRATTALLONE'S HARDWARE 21834 03/26/03 8.22
004175 GRIGGS COOPER 6 CO INC 21835 03/26/03 59,199.55
004201 HEGGIES PIZZA . 21836 03/26/03 98.65
004220 JOHNSON.BROTHERS LIQUOR 21837 03/26/03 24,696.45
004229 LARSON/MICHAEL 21838 03/26/03 152.33
.00001 LAWRENCE SIGN 21839 03/26/03 306..23
002040 LILLIE SUBURBAN NEWSPAPE 21840 03/26/03 100.00
000850 LMCIT 21841 03/26/03 30.00
008536 MARKETING INCENTIVES 21842 03/26/03 1,648.00
008263 MCLEOD USA, INC. 21843 03/26/03 672.33
004299 MPLS. OXYGEN CO. 21844 03/26/03 9.54
005232 MURPHY'S SERVICE CENTER 21845 03/26/03 33.02
004334 NORTHEASTER 21846 03/26/03 186.15
004339 NTN COMMUNICATIONS INC 21847 03/26/03 484.90
004345 OLD DUTCH FOODS INC 21848 03/26/03 61.68
004354 PAUSTIS 6 SONS 21849 03/26/03 345.25
004360 PHILLIPS WINE 6 SPIRITS 21850 03/26/03 8,336.31
004361 PINNACLE DIST. 21851 03/26/03 2,079.45
008770 PORTER/WILLIAM 21852 03/26/03 67.00
004376 PRIOR WINE CO 21853 03/26/03 4,718.24
004385 QUALITY WINE CO 21854 03/26/03 17,489.00
008219 QWEST DEX 21855 03/26/03 849..16
008597 R.D. HANSON ASSOC., INC. 21856 03/26/03 160.75
008701 REGISTER TAPE NETWORK 21857 03/26/03 500.00
008199 SIGNATURE CONCEPTS, INC. 21858 03/26/03 1,336.59
008846 STANTON GROUP ' 21859 03/26/03 56.72
004480 TWIN CITY FILTER SERVICE 21860 03/26/03 119.07
008507 US FOODSERVICE 21861 03/26/03 2,509.06
003710 VAN 0 LITE INC 21862 03/26/03 412.69
.00002 VER-TECH 21863 03/26/03 113.53
004494 WASTE MANAGEMENT - BLAIN 21864 03/26/03 346.36
008316 WINE COMPANY/THE 21865 03/26/03 123.00
008310 WINE MERCHANTS INC 21866 03/26/03 190.98
002680 XCEL ENERGY 21867 03/26/03 3,020.95
003840 ZEP MFG COMPANY - 21868 03/26/03 51.22
LIQUOR CHECKING ACCOUNT 209,813.31 •*•
13
Councilmember then introduced the following
resolution and moved its adoption:
RESOLUTION 03427
RESOLUTION RELATING TO $1,700,000 GENERAL OBLIGATION
IMPROVEMENT BONDS, SERIES 2003A; AWARDING THE SALE,
FIXING THE FORM AND DETAILS AND PROVIDING FOR THE
EXECUTION AND DELIVERY-THEREOF AND SECURITY
THEREFOR AND LEVYING AD VALOREM TAXES FOR THE
PAYMENT THEREOF
BE IT RESOLVED by the City Council of the City of St. Anthony,Minnesota
(the"City"), as follows:
Section 1. Recitals, Authorization and Sale of Bonds.
1.01. Authorization. This Council has heretofore ordered the an improvement
project to be constructed within the City under and pursuant to Minnesota Statutes, Chapter 429,
consisting of various street improvements (collectively the"Improvements"). The present
estimated total cost of the Improvements is as follows:
Project Costs ....................................................... $1,484,968
Construction Contingency ................................... 120,000
Issuance Expenses ............................................... 18,670
Capitalized Interest ............................................. 55,112
Discount Allowance ............................................ 21,250
Total .............................................................. $1,700,000
This Council hereby determines to issue and sell $1,700,000 principal amount of General
Obligation Improvement Bonds, Series 2003A, of the City(the`Bonds") to defray a portion of
the expense incurred and estimated to be incurred by the City in making the Improvements,
including every item of cost of the kinds authorized in Minnesota Statutes, Section 475.65, and
$21,250 representing interest as provided in Minnesota Statutes, Section 475.56. The City has
retained Ehlers & Associates, Inc. to act as financial advisor to the City in connection with the
issuance and sale of the Bonds, and it is hereby determined to sell the Bonds without meeting the
requirements as to public sale under Minnesota Statutes, Section 475.60, subdivision 1,pursuant
to the exception from such requirement contained in clause (9) of Minnesota Statutes, Section
475.60, subdivision 2.
1.02. Sale of Bonds. The City has received (_�proposals
for the purchase of the Bonds. The most favorable proposal received is that of
of ,
(the"Purchaser"), to purchase the Bonds at a price of$ ,
the Bonds to bear interest at the rates-set forth in Section 3.01 hereof and to be subject to the
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14
further terms and conditions set forth in this Resolution. The proposal is hereby accepted, and
the Mayor and the City Manager are hereby authorized and directed to execute a contract on the
part of the City for the sale of the Bonds with the Purchaser. The good faith checks of the
unsuccessful bidders shall be returned forthwith.
1.03. Performance of Requirements. All acts, conditions and things which are
required by'the Constitution and laws of the State of Minnesota to be done, to exist, to happen
and to be performed precedent to and in the valid issuance of the Bonds having been done,
existing, having happened and having been performed, it is now necessary for this Council to
establish the form and terms of the Bonds, to provide security therefor and to issue the Bonds
forthwith.
1.04. Maturities of Bonds. The Council hereby finds that the maturities of the
Bonds as set forth in Section 3.01 hereof are warranted by the anticipated collections of special
assessments and ad valorem taxes levied and to be levied for the payment of the Bonds as
provided in Section 4 hereof.
Section 2. Form of Bonds. The Bonds shall be prepared in substantially the
following form:
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTIES OF HENNEPIN AND RAMSEY
CITY OF ST. ANTHONY
GENERAL OBLIGATION RvIPROVEMENT BOND, SERIES 2003A
No. R- $
Date of
Interest Rate Maturity Original Issue CUSIP
April 16, 2003
REGISTERED OWNER: CEDE & CO.
PRINCIPAL AMOUNT: DOLLARS
THE CITY OF ST. ANTHONY,Hennepin and Ramsey Counties, Minnesota(the
"City"), acknowledges itself to be indebted and, for value received,hereby promises to pay to
the registered owner named above, or registered assigns, the principal amount specified above,
on the maturity date specified above, with interest thereon from the date of original issue
specified above, or from the most recent interest payment date to which interest has been paid or
duly provided for, at the annual rate specified above. Interest hereon is payable on February 1
and August 1 in each year, commencing February 1, 2004, to the person in whose name this
Bond is registered at the close of business on the 15th day(whether or not a business day) of the
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15
immediately preceding month, all subject to the provisions referred to herein with respect to the
redemption of the principal of this Bond before maturity. The interest hereon and,upon
presentation and surrender hereof, the principal hereof, are payable in lawful money of the
United States of America by check or draft of Wells Fargo Bank Minnesota,National
Association, in Minneapolis, Minnesota, as Bond Registrar, Transfer Agent and Paying Agent
(the"Bond Registrar"), or its successor designated under the Resolution described herein.
This Bond is one of an issue in the aggregate principal amount of$1,700,000 (the
"Bonds"), issued pursuant to a resolution adopted by the City Council on March 25, 2003 (the
"Resolution"), for the purpose of financing a portion of the costs of various street improvements
in the City(the"Improvements"), and is issued pursuant to and in full conformity with the
provisions of the Constitution and laws of the State of Minnesota thereunto enabling, including
Minnesota Statutes, Chapters 429 and 475. The Bonds are payable primarily from the 2003
Improvement Bond Fund(the"Fund") of the City. In addition, for the full and prompt payment
of the principal and interest on the Bonds as the same become due, the full faith, credit and
taxing power of the City have been and are hereby irrevocably pledged. The Bonds are issuable
only as fully registered bonds in denominations of$5,000 or any multiple thereof, of single
maturities.
Bonds maturing in the years 2005 through 2011 are payable on their respective
stated maturity dates without option of prior payment, but Bonds having stated maturity dates in
2012 and later years are each subject to redemption and prepayment, at the option of the City
and in whole or in part, and if in part, in the maturities selected by the City and, within a
maturity.;in$5,000 principal amounts selected by lot, on February 1, 2011 and on any date
thereafter, at a price equal to the principal amount thereof to be redeemed plus accrued interest to
the date of redemption.
[INSERT REDEMPTION PROVISIONS FOR ANY TERM BONDS.]
At least thirty days prior to the date set for redemption of any Bond, notice of the
call for redemption will be mailed to the Bond Registrar and to the registered owner of each
Bond to be redeemed at his address appearing in the Bond Register,but no defect in or failure to
give such mailed notice of redemption shall affect the validity of the.proceedings.for the
redemption of any Bond not affected by such defect or failure. Official notice of redemption
having been given as aforesaid, the Bonds or portions of the Bonds so to be redeemed shall, on
the redemption date, become due and payable at the redemption price herein specified and from
and after such date(unless the City shall default in the payment of the redemption price) such
Bond or portions of Bonds shall cease to bear interest. Upon the partial redemption of any Bond,
a new Bond or Bonds will be delivered to the registered owner without charge,representing the
remaining principal amount outstanding.
The Bonds have been designated by the City as"qualified tax-exempt
obligations"pursuant to Section 265(b) of the Internal Revenue Code of 1986, as amended.
As provided in the Resolution and subject to certain limitations set forth therein,
this Bond is transferable upon the books of the City at the principal office of the Bond Registrar,
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16
by the registered owner hereof in person or by his attorney duly authorized in writing upon
surrender hereof together with a written instrument of transfer satisfactory to the Bond Registrar,
duly executed by the registered owner or his attorney; and may also be surrendered in exchange
for Bonds of other authorized denominations. Upon such transfer or exchange,the City will
cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the
same aggregate principal amount,bearing interest at the same rate and maturing on the same
date, subject to reimbursement for any tax, fee or governmental charge required to be paid with
respect to such transfer or exchange.
The City and the Bond Registrar may deem and treat the person in whose name
this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the
purpose of receiving payment and for all other purposes, and neither the City nor the Bond
Registrar shall be affected by any notice to the contrary.
IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that
all acts, conditions and things required by the Constitution and laws of the State of Minnesota to
be done, to exist,to happen and to be performed precedent to and in the issuance of this Bond in
order to make this Bond a valid and binding general obligation of the City according to its terms,
have been done, do exist, have happened and have been performed in regular and due form as so
required; that prior to.the issuance hereof the City has levied or agreed to levy special
assessments on property specially benefited by the Improvements and ad valorem taxes on all
taxable property in the City, collectible in the years and amounts required to produce sums not
less than 5% in excess of the principal of and interest on the Bonds as such principal and interest
respectively become due, and has appropriated the same to the Fund in the manner specified in
Minnesota Statutes, Section 429.091, Subdivision 4; that, to take care of any accumulated or
anticipated deficiency in the Fund, additional ad valorem taxes are required by law to be levied
upon all taxable property in the City without limitation as to rate or amount; and that the
issuance of this Bond does not cause the indebtedness of the City to exceed any constitutional or
statutory limitation.
This Bond shall not be valid or become obligatory for any purpose or be entitled
to any security or benefit under the Resolution until the Certificate of Authentication hereon
shall have been executed by the Bond Registrar by the manual signature of,a person authorized
to sign on its behalf.
IN WITNESS WHEREOF, the City of St. Anthony, Hennepin and Ramsey
Counties,Minnesota, by its City Council, has caused this Bond to be executed by the signatures
of the Mayor and the City Manager and has caused this Bond to be dated as of the date set forth
below.
CITY OF ST. ANTHONY
City Manager Mayor
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17
Councilmember then introduced the following resolution
and moved its adoption:
RESOLUTION NO. 03- 028
RESOLUTION RELATING TO $2,200,000 GENERAL OBLIGATION
WATER AND SEWER REVENUE BONDS, SERIES 200313;
AWARDING THE SALE, FIXING THE FORM AND DETAILS AND
PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF
AND SECURITY THEREFOR
BE IT RESOLVED by the City Council (the"Council") of the City of St.
Anthony, Minnesota(the"City"), as follows:
Section 1. Recitals. Authorization and Sale of Bonds.
1.01. Authorization. The City owns and operates a municipal water and sanitary
sewer utility(the"Utility"). This Council has heretofore ordered construction of improvements
to the Utility. This Council has heretofore determined to issue and sell $2,200,000 principal
amount of General Obligation Water and Sewer Revenue Bonds, Series 2003B, of the City(the
`.`Bonds") to defray the expense incurred and estimated to be incurred by the City in making the
Improvements, including every item of cost of the kinds authorized in Minnesota Statutes,
Section 475.65, and $33,000 representing interest as provided in Minnesota Statutes, Section
475.56.
1.02. Sale of Bonds. The City has retained Ehlers &Associates, Inc., an
independent financial advisor, to assist the City in connection with the sale of the Bonds. The
Bonds are being sold pursuant to Minnesota Statutes, Section 475.60, Subdivision 2, paragraph
(9),without meeting the requirements for public sale under Minnesota Statutes, Section 475.60,
Subdivision 1. Pursuant to the Terms and Conditions of Sale for the Bonds,
U proposals for the purchase of the Bonds were received at or before the time specified for
receipt of proposals. The proposals have been publicly read and considered, and the purchase
price, interest rates and net interest cost under the terms of each proposal have been determined.
The most favorable proposal received is that of , of
and associates (the"Purchaser"), to purchase the Bonds at
a price of$ , the Bonds to bear interest at the rates set forth in Section 3.01.
The proposal is hereby accepted, and the Mayor and the City Manager are hereby authorized and
directed to execute a contract on the part of the City for the sale of the Bonds with the Purchaser.
The good faith checks of the unsuccessful bidders shall be returned forthwith.
1.03. Performance of Requirements. The City is authorized by Minnesota
Statutes, Section 444.075, to issue and sell the Bonds to pay the costs of the Improvements, and
to pledge to the payment of the Bonds net revenues to be derived from charges for the service,
use and availability of the Utility. The City presently has no outstanding obligations which
constitute a lien on the net revenues of the Utility. All acts, conditions and things which are
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18
required by the Constitution and laws of the State of Minnesota to be done,to exist, to happen
and to be performed precedent to and in the valid issuance of the Bonds having been done,
existing,having happened and having been performed, it is now necessary for this Council to
establish the form and terms of the Bonds, to provide security therefor and to issue the Bonds
forthwith.
Section 2. Form of Bonds. The Bonds shall be prepared in substantially the
following form:
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTIES OF HENNEPIN AND RAMSEY
CITY OF ST. ANTHONY
GENERAL OBLIGATION WATER AND SEWER REVENUE BOND,
SERIES 2003B
R- $
Date of
Interest Rate Maturity Original Issue CUSIP
% February 1, April 16, 2003
REGISTERED OWNER: CEDE &CO.
PRINCIPAL AMOUNT: DOLLARS
THE CITY OF ST. ANTHONY,Hennepin and Ramsey Counties, Minnesota(the
"City"), acknowledges itself to be indebted and, for value received,hereby promises to pay to
the registered owner named above, or registered assigns, the principal amount specified above,
on the maturity date specified above, with interest thereon from the date of original issue
specified above, or from the most recent interest payment date to which interest has been paid or
duly provided for, at the annual rate specified above. Interest hereon is payable on February 1
and August I in each year, commencing February 1, 2004,to the person in whose name this
Bond is registered at the close of business on the 15th day(whether or not a business day) of the
immediately preceding month, all subject to the provisions ref6rred to herein with respect to the
redemption of the principal of this Bond before maturity. The interest hereon and, upon
presentation and surrender hereof at the principal office of the agent of the Registrar described
below,the principal hereof are payable in lawful money of the United States of America by
check or draft drawn on Wells Fargo Bank Minnesota, National Association,Minneapolis,
Minnesota, as Bond Registrar, Transfer Agent and Paying Agent, or its successor designated
under the Resolution described herein(the"Bond Registrar"), or its successor designated under
the Resolution'described herein.
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19
This Bond is one of an issue in the aggregate principal amount of$2,200,000 (the
"Bonds") all of like date and tenor except as to serial number, interest rate, redemption privilege
and maturity date, issued pursuant to a resolution adopted by the City Council on March 25,
2003 (the"Resolution"), for the purpose of financing the costs of improvements to the water and
sewer utility of the City and is issued pursuant to and in full conformity with the provisions of
the Constitution and laws of the State of Minnesota thereunto enabling, including Minnesota
Statutes, Section 444.075 and Chapter 475. For the full and prompt payment of the principal and
interest on the Bonds as the same become due, the full faith, credit and taxing power of the City
have been and are hereby irrevocably pledged. The Bonds are issuable only as fully registered
bonds in denominations of$5,000 or any multiple thereof, of single maturities.
Bonds maturing in the years 2005 through 2013 are payable on their respective
stated maturity dates without option of prior payment, but Bonds having stated maturity dates in
the years 2014 through 2024 are each subject to redemption and prepayment, at the option of the
City and in whole or in part, and if in part, in the maturities selected by the City and, within any
maturity, in $5,000 principal amounts selected by lot, on February 1, 2013 and on any date
thereafter, at a price equal to the principal amount thereof to be redeemed plus accrued interest to
the date of redemption.
[INSERT REDEMPTION PROVISIONS FOR ANY TERM BONDS]
At least thirty days prior to the date set for redemption of any Bond,notice of the
call for redemption will be mailed to the Bond Registrar and to the registered owner of each
Bond to be redeemed at his address appearing in the Bond Register,but no defect in or failure to
give such mailed notice of redemption shall affect the validity of the proceedings for the
redemption of any Bond not affected by such defect or failure. Official notice of redemption
having been given as aforesaid, the Bonds or portions of the Bonds so to be redeemed shall, on
the redemption date, become due and payable at the redemption price herein specified and from
and after such date (unless the City shall default in the payment of the redemption price) such
Bond or portions of Bonds shall cease to bear interest. Upon the partial redemption of any Bond,
a new Bond or Bonds will be delivered to the registered owner without charge, representing the
remaining principal amount outstanding.
As provided in the Resolution and subject to certain limitations set forth therein,
this Bond is transferable upon the books of the City at the principal office of the Bond Registrar,
by the registered owner hereof in person or by his attorney duly authorized in writing upon
surrender hereof together with a written instrument of transfer satisfactory to the Bond Registrar,
duly executed by the registered owner or his attorney; and may also be surrendered in exchange
for Bonds of other authorized denominations. Upon such transfer or exchange, the City will
cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the
same aggregate principal amount,bearing interest at the same rate and maturing on the same
date, subject to reimbursement for any tax, fee or governmental charge required to be paid with
respect to such transfer or exchange.
The City and the Bond Registrar may deem and treat the person in whose name
this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the
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2®
purpose of receiving payment and for all other purposes, and neither the City nor the Bond
Registrar shall be affected by any notice to the contrary.
IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED'that
all acts, conditions and things required by the Constitution and laws of the State of Minnesota to
be done; to exist, to happen and to be performed precedent to and in the issuance of this Bond in
order to make this Bond a valid and binding general obligation of the City according to its terms,
have been done, do exist, have happened and have been performed in regular and due form as so
required; that in and by the Resolution, the City has pledged to the payment of the principal of
and interest on the Bonds net revenues of the water and sewer utility of the City; that in and by
the Resolution,the City has covenanted and agreed with the owner,of the Bonds that it will
impose and collect charges for the service, use and availability of its water and sewer utility at
the time and in the amounts required to produce net revenues adequate to pay all principal of and
interest on the Bonds and on all other bonds payable from net revenues of the water and sewer
utility as such principal and interest respectively become due; that if.needed to pay the principal
and interest on this Bond, ad valorem taxes will be levied upon all taxable property in the City
without limitation as to rate or amount; and that the issuance of this Bond does not cause the
indebtedness of the City to exceed any constitutional or statutory limitation.
This Bond shall not be valid or become obligatory for any purpose or be entitled
to any security or benefit under the Resolution until-the Certificate of Authentication hereon
shall have been executed by the Bond Registrar by the manual signature of a person authorized
to sign on its behalf.
IN WITNESS WHEREOF, the City of St. Anthony,Hennepin and Ramsey
Counties, Minnesota,by its City Council, has caused this Bond'to be executed by the facsimile
signatures of the Mayor and the City Manager and has caused this Bond to be dated as of the
date set forth below.
CITY OF ST. ANTHONY
City Manager Mayor
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21
Councilmember then introduced the following resolution and moved
its adoption:
RESOLUTION NO. 03- 029
RESOLUTION RELATING TO $320,000 GENERAL
OBLIGATION EQUIPMENT CERTIFICATES OF
INDEBTEDNESS, SERIES 2003C; AUTHORIZING THE
ISSUANCE, AWARDING THE SALE,FIXING THE FORM
AND DETAILS, AND PROVIDING FOR THE EXECUTION
AND DELIVERY THEREOF AND LEVYING AD VALOREM
TAXES FOR THE PAYMENT THEREOF
BE IT RESOLVED by the City Council(the"Council") of the City of St.
Anthony, Minnesota(the City), as follows:
Section 1. Authorization and Sale.
1.01. Authorization. This Council has heretofore determined that it is necessary
and expedient for the City to issue and sell its General Obligation Equipment Certificates of
Indebtedness, Series 2003C in the principal amount of$320,000, $2,400 of such amount
representing interest as provided in Minnesota Statutes, Section 475.56, to finance the purchase
of fire and public works equipment having at least a 5-year useful life pursuant to Minnesota
Statutes, Section 412.301. The obligations shall be general obligation negotiable securities
denominated General Obligation Equipment Certificates of Indebtedness, Series 2003C, issued
in the aggregate principal amount of$320,000 (the "Certificates"). The principal amount of the
Certificates does not exceed 0.25 percent of the market value of taxable property in the City.
1.02. Sale of the Certificates. The City has retained Ehlers &Associates, Inc., an
independent financial advisor, to assist the City in connection with the sale of the Certificates.
The Certificates are being sold pursuant to Minnesota Statutes, Section 475.60, Subdivision 2,
paragraph(9), without meeting the requirements for public sale under Minnesota Statutes,
Section 475.60, Subdivision 1. Pursuant to the Terms and Conditions of Sale for the Certificates,
_
( )proposals for the purchase of the Certificates were received at or before the time
specified for receipt of bids. The proposals have been publicly read and considered, and the
purchase price, interest rates and net interest cost under the terms of each bid have been
determined.. The most favorable proposal received is that of ,
of (the"Purchaser"),to purchase the Certificates at a price of
$ , the Certificates to bear interest at the rates set forth in Section 3.01. The
proposal is hereby accepted, and the Mayor and the City Manager are hereby authorized and
directed to execute a contract on the part of the City for the sale of the Certificates with the
Purchaser. The good faith checks of the unsuccessful bidders shall be returned forthwith.
1.03. Issuance of Certificates. All acts, conditions and things which are required
by the Constitution and laws of the State of Minnesota to be done, to exist,to happen and to be
22
performed precedent to and in the valid issuance of the Certificates having been done, existing,
having happened and having been performed, it is now necessary for this Council to establish the
form and terms of the Certificates, to provide security therefor and to issue the Certificates
forthwith.
Section 2. Form of Certificates. The Certificates shall be prepared in
substantially the following form:
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF HENNEPIN
CITY OF ST. ANTHONY
GENERAL OBLIGATION EQUIPMENT CERTIFICATE OF INDEBTEDNESS,
SERIES 2003C
R- $
Date of
Rate Maturity Original Issue CUSIP
February 1, April 16, 2003
REGISTERED OWNER: CEDE & CO.
PRINCIPAL AMOUNT: DOLLARS
THE CITY OF ST. ANTHONY, Hennepin and Ramsey Counties,Minnesota(the
"City"), acknowledges itself to be indebted and, for value received, hereby promises to pay to the
registered owner named above,the principal amount specified above, on the maturity date set
forth above, without option of prior payment, with interest thereon from the date of original issue
set forth above, at the annual rate set forth above computed on the basis of a 360-day year
consisting of twelve 30-day months, on February 1 and August 1 in each year, commencing
February 1, 2004, to the person in whose name this Certificate is registered at the close of
business on the 15th day(whether or not a business day) of the immediately preceding month.
The interest hereon and, upon presentation and surrender hereof, the principal hereof, are payable
in lawful money of the United States of America by check or draft of Wells Fargo Bank
Minnesota,National Association, in Minneapolis, Minnesota, as Bond Registrar, Transfer Agent
and Paying Agent(the"Bond Registrar"), or its successor designated under the Resolution
described herein.
This Certificate is one of an issue in the aggregate principal amount of$320,000
(the"Certificates"), issued pursuant to a resolution adopted by the City Council on March 25,
2003 (the"Resolution") to finance the purchase of equipment for installation in the City's new
municipal facilities and other capital equipment by the City, and is issued pursuant to and in full
conformity with the provisions of the Constitution and laws of the State of Minnesota thereunto
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23
enabling, including Minnesota Statutes, Section 412.301 and Chapter 475. For the full and
prompt payment of the principal and interest on the Certificates as the same become due, the full
faith, credit and taxing power of the City have been and are irrevocably pledged. The
Certificates are issuable only as fully registered certificates, in denominations of$5,000 or any
multiple thereof, of single maturities. The Certificates are payable on their respective stated
maturity dates without option of prior payment.
The Certificates have been designated by the City as "qualified tax-exempt
obligations"pursuant to Section 265(b) of the Internal Revenue Code of 1986, as amended.
As provided in the Resolution and subject to certain limitations set forth therein,
this Certificate is transferable upon the books of the City at the principal office of the Certificate
Registrar, by the registered owner hereof in person or by his attorney duly authorized in writing
upon surrender hereof together with a written instrument of transfer satisfactory to the Certificate
Registrar, duly executed by the registered owner or his attorney; and may also be surrendered in
exchange for Certificates of other authorized denominations. Upon such transfer or exchange,
the City will cause a new Certificate or Certificates to be issued in the name of the transferee or
registered owner, of the same aggregate principal amount,bearing interest at the same rate and
maturing on the same date, subject to reimbursement for any tax, fee or governmental charge
required to be paid with respect to such transfer or exchange.
The City and the Certificate Registrarmay deem and treat the person in whose
name this Certificate is registered as the absolute owner hereof, whether this Certificate is
overdue or not, for the purpose of receiving payment and for all other purposes, and neither the
City nor the Certificate Registrar shall be affected by any notice to the contrary.
IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that
all acts, conditions and things required by the Constitution and laws of the State of Minnesota to
be done, to exist, to happen and to be performed precedent to and in the issuance of this
Certificate in order to make it a valid and binding general obligation of the City according to its
terms have been done, do exist, have happened and have been performed in regular and due form
as so required; that prior to the issuance hereof, the City has levied ad valorem taxes upon all
taxable property within the City collectible in the years and amounts required to produce sums
not less than five percent in excess of the principal of and interest on the Certificates as such
principal and interest respectively become due, and has appropriated the same to the sinking fund
in the manner specified in Minnesota Statutes, Section 475.61; that, in the event of any
accumulated or anticipated deficiency in the sinking fund, additional ad valorem taxes are
required by law to be levied upon all taxable property in the City without limitation as to rate or
amount; and that the issuance of this Certificate does not cause the indebtedness of the City to
exceed any constitutional or statutory limitation.
This Certificate shall not be valid or become obligatory for any purpose or be
entitled to any security or benefit under the Resolution until the Certificate of Authentication
hereon shall have been executed by the Certificate Registrar by manual signature of one of the
authorized representatives of the Certificate Registrar.
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24
IN WITNESS WHEREOF, the City of St. Anthony, Hennepin County, State of-
Minnesota,
f-Minnesota, by its City Council, has caused this Certificate to be executed by the Mayor and the,
City Manager and has caused this Certificate to be dated as of the date set forth below.
CITY OF ST. ANTHONY
City Manager Mayor
-4-
CITY OF ST. ANTHONY VILLAGE
RESOLUTION 03 - 030
A RESOLUTION APPROVING THE CITY OF
ST. ANTHONY 2003 GOALS
WHEREAS, . goal setting sessions were held on January 30, 2003 to establish the City's goals
for 2003; and
WHEREAS, attendees at the sessions were the Mayor and Councilmembers; City Manager and
City Staff; the Chairs of the Planning Commission and Parks Commission and a
facilitator; and
WHEREAS, Jim Prosser, Ehlers &Associates, Inc., was the facilitator and has submitted a
report on the results of the goal setting sessions.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of St. Anthony
hereby approves the City's 2003 Goals as set forth in the report submitted by said facilitator.
Adopted this day of , 2003.
Mayor
ATTEST:
City Clerk
Reviewed for Administration:
City Manager
March 2003
Monthly Planner
1
Feb 2003 Apr 2003
S M T W T F S S M T W T F S
1 1 2 3 4 5
2 3 4 5 6 7 8 6 7 8 '9 - 10 11 12
9 10 11 12 13 14 15 13 14 15 16 17 18 19
16 17 18 19 20 21 22 20 21 22 23 24 25 26
23 24 25 26 27 28 27 28 29 30
2 3 4 5 6 7 8
9 10 11 12 13 14 15
7:00 PM Parks 7:00 PM City
Commission Council Meeting
Meeting
7:00 PM Public
Facilities Study
Group
16 17 18 19 20 21 22
7:00 PM
Planning
Commission
Meeting
23 24 25 26 27 28 29
7:00 PM City
Council Meeting
7:00 PM Public
Facilities Study
Group Work
Session
30 31
April 2003
Monthly Planner
1 2 3 4 5
6 7 8 9 10 11 12
6:00 PM Public
Facilities Study
Group Work
Session
7:00 PM Council
Meeting
13 14 15 16 17 18 19
7:00 PM Parks 7:00 PM
Commission Planning
meeting Commission
meeting
20 21 22 23 24 25 26
5:30 PM-7:30
PM Public
Facilities Study
Group Open
House
7:00 PM Council
meeting
27 28 29 30
6:30 PM-8:00 Mar 2003 May 2003
PM Joint S M T W T F S S M T W T F S
Meeting with 1 1 z 3
School Board 2 3 4 5 6 7 8 a 5 6 7 a 9 10
9 10 11 12 13 14 15 11 12 13 14 15 16 17
8:00 PM-9:00 16 17 18 19 20 21 22 IS 19 20 21 22 23 24
PM St.Anthony
Boulevard 23 za zs 26 27 za 29 zs 26 27 28 29 30 31
residents 30 31
March 18, 2003
Gain tho
ilia a C/ FUTURE COUNCIL AGENDA ITEMS
Meeting Date Meeting Type Staff Present Items/Issues
April 8 Regular Board of Review
Update of Public Facilities Study Group
2002 Public Works Report
April 22 Regular City employees recognition
Volunteer Week proclamation
Planning Commission report-April 15, 2003
2002 Police/Fire Reports
Memorandum of Understanding elections/ISD#282
April 29 Joint meeting 6:30 pm-8 pm City/School Board
St.Anthony Boulevard, 8 pm-9 pm
May 1 Volunteer Ice Cream Social
May 13 Regular Public facilities study group report
2002 audit
2002 Finance Report
Development agreement with Amcon
INVESTMENT PORTFOLIO: 02/28/2003
Interest Date
BREMER-ST ANTHONY BANK Rate Purchased Maturi Book Value
INVESTMENT DEMAND-MONEY MARKET SAVINGS 1.75% 1 DAY LIQUIDITY(SWEEP) $120,368.90
4/M GENERAL
$715,000 LOCHART FUNDING COOMERCIAL PAPER 1.30% 12/20/02 03/25/03 $712,661.16
$151,000 GENERAL ELECTRIC COMM PAPER 1.221% 02/28/03 06/20/03 $150,436.27
$863,097.43
4/M ARMY-WATER FILTRATION
$100,000 FED HOME LOAN MORTGAGE-COUPON 6.05% 09/18/02 09/18/17 $100,000.00
$1,250,000 FED HOME LOAN BANK-ZERO COUPON 7.00% 11/07/01 02/22/29 $191,662.50
$ 240,000 FED HOME LOAN BANK-ZERO COUPON 6.00% 08/05/02 08/15/22 $61,800.00
$ 200,000 FED HOME LOAN BANK-ZERO COUPON 6.02% 02/04/03. 02/04/28 $101,033.87
$1,159,000 NEWBURY FUNDING COMM PAPER 1.220% 02/27/03 05/27/03 $1,155,561.63
$203,000 GENERAL ELECTRIC COMM PAPER 1.220% 02/28/03 05/27/03 $202,404.53
$1,812,462.53
DAIN RAUSCHER-GENERAL
GNMA POOL 4734 8.50% 02/01/75 01/15/05 $55.37
GNMA POOL 6472 7.50% 07/01/75 07/15/05 $291.69
GNMA POOL 14376 7.50% 03/01/77 03/15/07 $988.34
GNMA POOL 23364 9.00% 09/01/78 09/15/08 $457.01
GNMA POOL 23356 9.00% 11/01/78 11/15/08 $1,081.31
$100,000 FNMA MEDIUM TERM.NOTE 6.00% 07/25/02 07/25/22 $100,000.00
$670,000 FED HOME LOAN MTG-ZERO COUPON 7.150% 01/22/02 02/22/29 $99,948.90
$281,000 GENERAL ELECTRIC COMM PAPER 1.262% 11/27/02 03/27/03 $279,844.03
$800,000 GENERAL ELECTRIC COMM PAPER 1.233% 02/28/03 05/29/03 $797,580.70
$100,000 _ PROVIDENT BANK C/D-STEP/UP 5.000% 05/30/02 05/30/17 $100,000.00
$100,000 RESOURSE BANK C/D 5.000% 09/19/02 09/19/17 $100,000.00
$1,480,247.35
DAIN RAUSCHER-HONEYWELL
$100,000 FHLMC-ZERO COUPON BOND 8.00% 12/15/99 03/08/29 $10,105.00
$100,000 LASELLEBANK-ZERO COUPON BOND 6.50% 09/11/02 09/11/22 $27,798.64
$100,000 STANDARD FEDERAL-ZERO COUPON BOND 6.50% 09/11/02 09/11/22 $27,798.64
$100,000 LASELLEBANK—ZERO COUPON BOND 6.375% 01/08/03 01/22/23 $28,480.61
$100,000 STANDARD FEDERAL-ZERO COUPON BOND 6.375% 01/08/03 01/22/23 $28,480.61
$100,000 LASELLEBANK-ZERO COUPON BOND 6.25% 02/19/03 02/19/23 $29,170.00
$100,000 STANDARD FEDERAL-ZERO COUPON BOND 6.25% 02/19/03 02/19/23 $29,170.00
$287,000 GECC COMMECIAL PAPER 1.175% 02/14/03 05/15/03 $286,176.07
$200,000 FED HOME LOAN MORTGAGE CORP-6.00% 6.00% 09/16/02 03/15/17 $203,525.00
$ 50,000 FED HOME LOAN MORTGAGE CORP-6.25% 6.25% 10/01/02 11/29/21 $50,000.00
$ 30,000 FED HOME LOAN MORTGAGE CORP-6.50% 6.50% 11/26/02 04/11/17 $30,450.00
$ 30,000 FED,HOME LOAN MORTGAGE CORP-6.40% 6.40% 11/26/02 04/14/14 $30,500.00
$ 40,000 FED HOME LOAN MORTGAGE CORP-6.515% 6.515% 11/27/02 07/11/14 $41,050.00
$822,704.57
DEAN WITTER
$680,000.00 FEDERAL HOME LOAN MORTGAGE-ZERO 7.10% 06/15/01 04/05/19 $97,722.56
$520,000.00, MERRILL LYNCH ZERO COUPON BOND 6.00% 09/24/02 09/15/18 $199,477.00
$313,000.00 SEARS ROEBUCK COMM PAPER 1.578% 02/10/03 05/12/03 $311,773.65
$128,000.00 SEARS ROEBUCK COMM PAPER 1.546% 02/21/03 05/12/03 $127,567.64
$247,000.00 SEARS ROEBUCK COMM PAPER 1.546% 02/21/03 05/12/03 $246,165.69
Time3/14/2003 MONTHLY INVESTMENT REPORT FEBRUARY 20031NVESTI
DEAN WITTER (Continued)
$200,000.00 FEDERAL HOME LOAN BANK 6.00% 11/14/01 11/14/16 $200,000.00
$200,000.00 FHLMC MED TERM NOTE-SEMI 6.00% 11/19/01 11/19/21 $197,000.00
$200,000.00 FHLMC MED TERM NOTE-STEP UP 6.50% 12/28/01 12/15/16 $200,000.00
$100,000.00 FHLMC MED TERM NOTE 6.25% 07/31/02 07/31/17 $100,000.00
$200,000.00 FED HOME LOAN BANK MED TERM NOTE 5.976% 08/27/02 10/25/16 $200,000.00
$200,000.00 FED HOME LOAN BANK MED TERM NOTE 8.15% 11/26/02 06/09/10 $206,800.00
$100,000.00 FED HOME LOAN BANK MED TERM NOTE 6.00% 11/26/02 10/22/27 $100,250.00
$2,186,756.54
DAIN RAUCHER-(HRA)
$200,000-FNMA-9334 P/0 7.24% 04/20/93 03/25/23 $17800.76
$250,000-FHLMC MEDIUM SERIES 3B/E 6.00% 6.00% 10/25/01 10/15/16 $250,000.00
$100,000-FEDERAL HOME LOAN BANK 6.00% 6.00% 11/14/01 12/07/16 $100,000.00
$200,000-FHLMC MEDIUM TERMNOTE 6.00% 6.00% 11/16/01 11/29/21 $200,000.00
$200,000-FNMA MEDIUM TERM NOTE 6.00% 6.00% 06/28/02 06/27/16 $200,000.00
$100,000-FNMA MEDIUM TERM NOTE 6.00% 6.00% 08/05/02 08/05/16 $100,000.00
$250,000-FHLMC MEDIUM TERM NOTE 6.00% 6.00% 08/28/02 08/28/17 $250,000.00
$105,000-FHLMC MEDIUM TERM NOTE 6.50% 6.50% 10/15/02 04/15/17 $105,000.00
$200,000-FHLMC MEDIUM TERM NOTE 6.00% 6.00% 11/25/02 12/13/17 $200,000.00
$ 50,000-INFIBANK ATLANTA-CERTIFICATE OF DEPOSIT 1.750% 12/31/02 04/11/03 $50,000.00
$264,000-GE CAPITAL COMMERCIAL PAPER 1.216% 02/14/03 05/12/03 $411.804.50
$1,884,605.26
TOTAL BOOK VALUE $9,170,242.58
Time3/14/2003 MONTHLY INVESTMENT REPORT FEBRUARY 20031NVESTI
February - 2003 City of St.Anthony
Profit& Loss Statement from Operations-
Actual Actual
Year to Date Year to Date Increase
SAV I SAV II STONEHOUSE 02/28/03 02/28/02 (Decrease)
Sales $146,663.00 $152,296.00 $64,301.00 $731,753.00 $698,941.00 $32,812.00
Less: Cost of Goods Sold $117,283.00 $121,667.00 $21,747.00 $521,541.00 $496,265.00 $25,276.00
Gross Profit $29,380.00 $30,629.00 $42,554.00 $210,212.00 $202,676.00 $7,536.00
Ratio to Net Sales 20.03% 20.11% 66.18% 28.73% 29.00%
Operating Expense:
Salaries, Wages, Benefits $13,921.00 $13,389.00 $21,213.00 $103,730.00 $105,613.00 ($1,883.00)
All Other Expenses $11,318.00 $13,273.00 $14,921.00 $80,658.00 $71,532.00 $9,126.00
Total Operating Expense $25,239.00 $26,662.00 $36,134.00 $184,388.00 $177,145.00 $7,243.00
Ratio to Net Sales 17.21% 17.51% 56.20% 25.20% 25.34%
Profit from Operations $4,141.00 $3,967.00 $6,420.00 $25,824.00 $25,531.00 .$293.00
Other Income $641.00 $214.00 $2,294.00 $4,479.00 $8,307.00 ($3,828.00)
Net Income $4,782.00 $4,181.00 $8,714.00 $30,303.00 $33,838.00 ($3,535.00)
Ratio to Net Sales 3.26% 2.75% 13.55% 4.14% 4.84%
February-Net Income $17,677.00
Y-T-D
SAV I SAV II STONEHOUSE ALL STORES
YEAR TO DATE 02/28/03 $11,370.00 $7,562.00 $11,371.00 $30,303.00
YEAR TO DATE 02/28/02 $11,606.00 $8,822.00 $13,210.00 $33,638.00 Un -Audited
INCREASE/DECREASE ($236.00) ($1,260.00) ($1,839.00) ($3,335.00)
February -2003 City of St.Anthony
Reconciliation to Inventory Valuation Report
SAV I SAV II
Beginning Inventory: . $258,537.60 Beginning Inventory: $285,577.04
Plus or Minus: Plus or Minus:
Transfers: SAV 1 $1,424.39 Transfers ($1,424.38)
Stonehouse ($6,102.19) Adjustments $66.04
Adjustments ($30.45) Returns to Vendors ($2,394.00)
Returns to Vendors ($3,201.37)
Add: Receiving $80,537.20
Add: Receiving $80,897.28
Less: Cost of Goods Sold ($121,733.46)
Less: Cost of Goods Sold ($117,252.18)
TOTAL $240,628.44
TOTAL $214,273.08
Total per Valuation Report $241,789.02 '"
Total per Valuation Report $215,632.28 *'*
Difference $1,160.58
Difference $1,359.20
Beginning March 2003 Inventory $215,632.28 Beginning March 2003 Inventory $241,789.02
'Comes from Valuation Report 'Comes from Valuation Report
2002 Actual Profits (Un-Audited) 2003 Y-T-D Profits
Actual Y-T-D
SAV I SAV It Stonehouse SAV I SAV II Stonehouse Profits Comparison
January $5,583.00 $2,817.00 $3,554.00 $11,954.00 January $6,588.00 $3,381.00 $2,657.00 $12,626.00 $672.00
February $6,023.00 $6,005.00 $9,656.00 $33,638.00 February $4,782.00 $4,181.00 $8,714.00 $30,303.00 ($3,335.00)
March $10,455.00 $10,709.00 $7,145.00 $61,947.00 March $0.00 $0.00 $0.00 $30,303.00
April $7,341.00 $6,511.00 $10,932.00 $86,731.00 April $0.00 $0.00 $0.00 $30,303.00
May $10,901.00 •$14,402.00 $6,374.00 $118,408.00 May $0.00 $0.00 $0.00 $30,303.00
June $15,926.00 $16,381.00 $1,586.00 $152,301.00 June $0.00 $0.00 $0.00 $30,303.00
July $8,989.00 $9,839.00 ($7,247.00) $163,882.00 July $0.00 $0.00 $0.00 $30,303.00
August $18,973.00 $11,447.00 $2,001.00 $196,303.00 August $0.00 $0.00 $0.00 $30,303.00
September $6,675.00 $6,725.00 $4,695.00 $214,398.00 September $0.00 $0.00 $0.00 $30,303.00
October $4,618.00 $6,750.00 $402.00 $226,168.00 October $0.00 $0.00 $0.00 $30,303.00
November $13,789.00 $15,786.00 $4,294.00 $260,037.00 November $0.00 $0.00 $0.00 $30,303.00
December $14,360.00 $20,449.00 $6,767.00 $301,613.00 December $0.00 $0.00 $0.00 $30,303.00
Total $123,633.00 $127,821.00 $50,159.00 $301,613.00 Total $11,370.00 $7;562.00 $11,371.00 $30,303.00
Increase/(Decrease) ($236.00) ($1,260.00) ($1,839.00) ($3,335.00)
Y-T-D By Store