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Work Session Agenda
Tuesday, March 9, 2021
5:30 p.m.
1. Planning Commission Interviews
2. Street Reconstruction Schedule and Debt Levy Impact. Shelly Rueckert, Finance Director presenting
3. Policy on use of City parking lots. Charlie Yunker, City Manager presenting
4. Future Work Session Dates, Times & Agenda Items. Charlie Yunker, City Manager presenting
Next Work Session – April 13, 2021 5:30 p.m.?
Topics to discuss and prioritize:
PROPOSED BY STAFF PROPOSED BY COUNCIL
- Wildlife Management Plan
- Electronic packets demo
- Community Survey
- Ordinance prohibiting flavored tobacco
- Resolution supporting equal protection
amendment regardless of gender
- Strategic plan for housing initiatives
5. Adjournment
City of St. Anthony
CITY COUNCIL WORK SESSION
Minutes
February 9, 2021
Present:
Mayor & Council
Randy Stille, Mayor; Bernard Walker, Councilmember; Thomas Randle, Councilmember; Wendy
Webster, Councilmember and Jan Jenson, Councilmember.
Absent:
None
Staff:
Charlie Yunker, City Manager; Nicole Miller, Administrative Services Coordinator; Shelly Rueckert,
Finance Director
Consultants:
None
Call to Order:
Mayor Stille called the Work Session to order at 5:30 p.m.
Elections Contract:
Administrative Services Coordinator Nicole Miller presented the changes to the Ramsey County
Elections Contract that would result in the City being unable to host in-person absentee voting at City
Hall if the City renews the contract. Residents, including those in Hennepin County, would be able to
vote early at designated Ramsey County election centers, which would likely continue to be the New
Brighton Community Center. Staff discussed the staff resources that would be needed should the City
decide to conduct elections in-house again, and the need for resident education on the change. Council
discussed the aspects of renewing versus taking in-house and consensus was to continue the contract.
Staff will also ensure resident education is a priority leading-up to the next election.
Tennis Courts Financing:
Finance Director Shelly Rueckert presented a proposal to finance the tennis courts reconstruction
through an inter fund loan from the Utilities Fund and facilitate repayment through the implementation
of a small Parks Levy. Council discussed the proposal and gave staff direction to proceed as proposed.
Planning Commission Vacancy:
Council discussed whether to seek new applications to fill the vacancy, or to return to the pool of
applicants from the recent vacancy filling. Council consensus was to inquire of the previous applicants
their interest and conduct brief interviews at the next Council Work Session.
Future Work Session Dates:
Next Work Session will be held on March 9, 2021 at 5:30 p.m.
Adjournment:
The meeting adjourned at 6:21 p.m.
Respectfully submitted by Charlie Yunker, City Manager.
1. Planning Commission Interviews
Print
All applicants are required to be a resident of St. Anthony Village.Date Received
Name*
Home Address*Zip Code*
Phone Number*Email Address*
In order for the Mayor and Council members to have a better understanding of your background and interests,
please provide the following information.
Why do you want to serve on the St. Anthony Village Planning Commission?*
Please list your prior experience serving on a Board, Commission, etc.*
Planning Commission Application - Submission #2519
Date Submitted: 10/8/2020
Chelsey Hendrickson
3105 Edgemere Avenue 55418
612-747-7576 chelseyghendrickson@gmail.com
I am interested in serving on the St. Anthony Village Planning Commission to utilize my education and professional skills to
serve the community. I have both undergraduate and graduate degrees in urban and regional planning from Miami University
(Ohio) and the University of Minnesota Humphrey School of Public Affairs, respectively. I am AICP certified and am active in
the American Planning Association and Women's Transportation Seminar, and bring lessons learned from attending
conferences through these organizations. I have worked in the urban planning field for the last eight years, working both for
Metro Transit and in consulting, where I have served local, regional, and state governmental clients here in Minnesota as well
as across the country. While I have had the opportunity to serve communities locally and nationally from a professional
standpoint, I have never had the opportunity to serve in this capacity as a community member. I am passionate about planning
due to the impact that it has on people's lives. I would love to serve on the St. Anthony Village Planning Commission to utilize
my skills and expertise to have a positive impact on the lives of those living, working, and doing life in St. Anthony Village.
I have not previously served on a city board or commission, however, I have previous experience serving on professional
boards. Throughout graduate schools, I was the student representative and student director on the board of the Minnesota
Chapter of the American Planning Association. More recently, I have served on the board of the Minnesota Chapter of
Women's Transportation Seminar (WTS Minnesota), serving in the roles of Secretary, Programs Director, Vice President,
President, and Past President.
mm/dd/yyyy
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Print
All applicants are required to be a resident of St. Anthony Village.Date Received
Name*
Home Address*Zip Code*
Phone Number*Email Address*
In order for the Mayor and Council members to have a better understanding of your background and interests,
please provide the following information.
Why do you want to serve on the St. Anthony Village Planning Commission?*
Please list your prior experience serving on a Board, Commission, etc.*
Planning Commission Application - Submission #2593
Date Submitted: 11/12/2020
John Hageman
3530 Skycroft Dr 55418
6122701183 john@walgrave.com
My wife Erica and I moved to St Anthony Village in 2017 and are happy to say we have found our “Forever Home.” Selfishly, I
want to server on the St Anthony Village Planning Commission to get more involved in my community and understand the
challenges and opportunities that we face together. In 2010, I graduated from the University of Colorado with my Master’s in
Urban and Regional Planning. There I focused on Real Estate and Economic Development. Upon graduation, I began working
the the Urban Renewal Authority with the City of Golden, Colorado. There I worked on various development projects that used
tax increment financing (TIF) and integrating the then new Light Rail lines into the community. My wife is a native to St Paul
and when she was offered a job with Target, we made to the move back to the Twin Cities. Since then, I’ve worked in the
private sector of real estate as an investor, leasing agent and currently a Realtor with Re/Max.
It is my hope that I can contribute my knowledge and experience in real estate, long-range planning and nurturing community
development to St Anthony Village’s Planning Commission.
During my tenure at the Golden Urban Renewal Authority, I attended our Advisory Board monthly meetings. I’m familiar with
Roberts Rules of Order and have made many presentations to our board, elected and appointed city officials. In 2012, I was
one of the lead Project Managers for the US Pro Cycling Challenge (http://www.usaprocyclingchallenge.com) for the City of
Golden. Together with my other project managers and an appointed panel of city officials, we proposed and won the
penultimate stage during the race’s inaugural year. The results were fantastic boating a $3.1 million dollar economic impact to
the City alone during race week but saw over 25,000 visitors during the race day.
mm/dd/yyyy
2. Street Reconstruction Schedule and Debt Levy Impact
MEMORANDUM
To: St. Anthony Village City Council
From: Shelly Rueckert, Finance Director and Charlie Yunker, City Manager
Date: March 9, 2021 City Council Work Session
Request: Future Street Improvement plan / 2022 Debt Levy / Future
BACKGROUND
In 2014 a debt levy reduction program (Peak to Plateau) began in order to stabilize the annual increase in levies.
For the past several years this plan has achieved its goal of holding down the growth of the debt levy while
continuing annual street reconstructions. A critical milestone within the current plan is coming up in 2023 (final
levy year for Lease Revenue Bonds). Achieving this milestone provides the opportunity to review - how best to
financially manage the remaining street improvements. The portion of the plan being considered for revision
begins with the 2023 street improvement year.
The 2022 Street improvements and resulting Debt Levy are consistent with the existing plans. The 2022 Street
project includes a street reconstruction, mill and overlays and alleys (see attachment 1 for details). The debt
levy for 2022 will not increase, which will be the third year in a row of a flat levy (“Plateau”). Staff’s
recommendation is to keep with the currently planned street improvements for 2022, along with a Debt Levy
that is at a zero increase for 2022.
In addressing the financial management of the 2023 and beyond street improvements/debt levy staff has
reviewed two options:
Continuing the practice of an “annual project”, paid for by bond financing.
Modifying the pace of improvements in order to reduce the reliance on bond financing and transition to
levy support.
Below is a snap shot of the Debt Levy modeling associated with the continuing the practice of an annual
project.
Notables associated with Model reflecting continuing the practice of an annual project:
Initial Debt levy decreases for 2024-2026 averaging approximately $67,000 a year
Residential Street reconstructions anticipated completed by 2032
Cumulative debt will increase significantly between 2024-2032
2027-2030 Debt Levy will increase by approximately $134,000 a year
Below is a snap shot of the Debt Levy modeling associated with modifying the pace of improvements to the
reduce reliance on bond financing and transition to levy support.
Notables associated with Model reflecting a modified pace of improvements to reduce reliance on bond
financing and transition to levy support:
Existing reconstruction timeline will be extended with no street project in 2023, 2026, 2029, 2032, 2035.
Previously the City’s ability was limited by the Met Council I&I Program. Significant progress on that
issue has been made. Therefore, Staff is in discussions with the Met Council staff which will allow for this
type of modification to the street improvement schedule.
Greater Debt levy decreases for 2024-2027.
These decreases are transitioned to Infrastructure Levy for long term support of street improvements.
Residential Street reconstructions anticipated completed by 2037 vs 2032.
Cumulative debt will decrease significantly between 2024-2037.
Infrastructure levy used 100% to support street cost, Debt Levy must support bonding costs and interest
costs in addition to street costs.
2027-2030 combined levy increases will be less than existing plan.
Gain flexibility to adjust if other levy demands occur.
See Transition process below.
DISCUSSION ITEMS FOR COUNCIL FEEDBACK
Below are the specific items for discussion and feedback for the City Council:
Does the Council support the 2022 scheduled Street improvements and 2022 Debt levy as contained
herein?
Does the Council have an interest in exploring a modification to the street improvement schedule once
Met Council’s discussions have resulted in the permission move ahead?
Any other aspects of the Street program/financing Staff should consider?
ATTACHMENTS:
1) Debt Levy plan – continued practice of an annual project
2) Modified Debt Levy plan – extending street project schedule
3) Transition process schedule
Levy Year Debt levy
Infrastructure
Fund Total
Combined
$ change in
Levy
Combined
% change in
Levy Levied $ Annual 60K
Bond $
Eliminated Bond Year Bond Impact
2020 2,487,181 - 2,487,181 - 0%
2021 2,487,181 - 2,487,181 - 0%
2022 2,487,181 - 2,487,181 - 0%
2023 2,487,181 - 2,487,181 - 0%
2024 2,237,841 250,000 2,487,841 660 0.03%
2025 2,121,041 400,000 2,521,041 33,200 1.33%
2026 2,056,119 500,000 2,556,119 35,078 1.39% 1,150,000 (180,000) 970,000 2027 BOND REDUCED 40%
2027 1,959,839 600,000 2,559,839 3,720 0.15%
2028 1,924,610 700,000 2,624,610 64,771 2.53%
2029 1,910,755 800,000 2,710,755 86,145 3.28%
2030 1,959,129 850,000 2,809,129 98,373 3.63% 2,950,000 (240,000) 2,710,000 2031 BOND REDUCED 61%
2031 1,933,392 950,000 2,883,392 74,263 2.64%
2032 1,977,404 1,000,000 2,977,404 94,012 3.26%
2033 1,785,817 1,050,000 2,835,817 (141,587) -4.76% 1,450,000 (90,000) 1,360,000 2033 BOND REDUCED 44%
2034 1,744,047 1,150,000 2,894,047 58,230 2.05% 2,125,000 (150,000) 1,975,000 2034 BOND REDUCED 59%
2035 1,718,114 1,150,000 2,868,114 (25,933) -0.90%
2036 1,324,279 1,150,000 2,474,279 (393,835) -13.73% 2,875,000 (150,000) 2,725,000 2036 NO BOND REDUCED 100%
2037 1,345,614 1,150,000 2,495,614 21,335 0.86%
Use of Infrastructure LevyTransition of Debt Levy to Infrastruture Levy
ANNUAL STREET PROGRAM DETAILED COSTS ATTACHMENT 1
BASE BASE Inflation PROJECTED PROJECTED
Year Road From To Street Length Improvement COST PER FT Cost Factor COST PER FT Cost Est Assessments net city cost PP SA Bond size Bond A/R SA
2021 Skycroft Drive 33rd Avenue 32nd Avenue 600 Reconstruct 1,167.23 700,340 1,167.23 700,340 122,880 577,460 36,864 663,476 540,560 Total assessed 540,560
2021 Croft Drive 33rd Avenue 32nd Avenue 600 Reconstruct 1,167.23 700,340 1,167.23 700,340 122,880 577,460 36,864 663,476 162,168 PP Sa
2021 29th Avenue Stinson Boulevard Silver Lake Road 1947 Mill / Overlay 149.91 291,875 149.91 291,875 92,009 199,866 27,603 264,272 2,165,000
2021 St. Anthony Boulevard Stinson Boulevard Kenzie Terrace 1948 Mill / Overlay 149.91 292,025 149.91 292,025 119,891 172,134 35,967 256,057 2,164,390 378,392 Bond size / bond sa 2021
2021 31st Avenue Rankin Road Croft Drive 840 Mill / Overlay 137.88 115,819 137.88 116,054 38,446 77,608 11,534 104,285 2,257,650 total cost 2,257,650
2021 Croft Drive Rankin Road 31st Avenue 1030 Mill / Overlay 137.88 142,016 137.88 142,016 44,454 97,563 13,336 128,680 0 2,164,390
15,000
2022 Rankin Road 31st Avenue 33rd Avenue 1310 Reconstruct 1,167.23 1,529,076 1.05 1,225.60 1,605,529 191,999 1,413,531 57,600 1,547,930 457,767 Total assessed
2022 East Gate Road Crestview Drive Rankin Road 360 Mill / Overlay 91.56 32,962 1.05 96.14 34,610 16,301 18,309 4,890 28,071 137,330 PP Sa
2022 Crest View Drive 29th Avenue 31st Avenue 1490 Mill / Overlay 137.31 204,592 1.05 144.18 214,821 67,469 147,353 20,241 184,351 2,083,000
2022 Bell Lane Armour Terrace Crestview Drive 660 Mill / Overlay 137.31 90,625 1.05 144.18 95,156 29,885 65,270 8,966 81,659 $2,082,259.92 320,437 Bond size / bond sa 2022
2022 Armour Terrace Silver Lake Road Crestview Drive 1580 Mill / Overlay 91.56 144,665 1.05 96.14 151,898 71,544 80,354 21,463 123,202
2022 Alley (south of 29th)29th Avenue Alley (west of Roosevelt)350 A, Mill / Overlay 79.93 27,976 1.05 83.93 29,374 29,374 - 8,812 20,562 2,182,584 total cost
2022 Alley (west of Roosevelt)Roosevelt Street West Terminus 310 A, Mill / Overlay 79.93 24,778 1.05 83.93 26,017 26,017 - 7,805 18,212 0
2022 Alley (south of 29th)29th Avenue Murray Avenue 300 A, Mill / Overlay 79.93 23,979 1.05 83.93 25,178 25,178 - 7,553 17,625
2023 Townview Avenue Silver Lake Road Rankin Road 1280 Reconstruct 1,225.60 1,568,762 1.03 1,262.36 1,615,824 348,068 1,267,756 104,420 1,511,404 881,101 Total assessed
2023 Alley (south of Pahl)Roosevelt Street Wilson Street 760 Mill / Overlay 104.91 79,728 1.03 108.05 82,120 82,120 - 24,636 57,484 264,330 PP Sa
2023 Alley (north of Pahl)Roosevelt Street Wilson Street 770 Mill / Overlay 104.91 80,777 1.03 108.05 83,201 83,201 - 24,960 58,240
2023 Alley (south of Pahl)Wilson Street 27th Avenue 480 Mill / Overlay 83.93 40,285 1.03 86.44 41,493 41,493 - 12,448 29,045 2,333,000
2023 Alley (north of Pahl)Wilson Street 27th Avenue 650 Mill / Overlay 83.93 54,552 1.03 86.44 56,189 56,189 - 16,857 39,332 $2,332,955.68 616,770 Bond size / bond sa 2023
2023 Roosevelt Street 35th Street County Road D 1560 Mill / Overlay 96.14 149,975 1.03 99.02 154,475 76,037 78,437 22,811 131,663
2023 35th Street Stinson Boulevard Belden Drive 1290 Mill / Overlay 96.14 124,018 1.03 99.02 127,739 62,877 64,862 18,863 108,875 2,529,336 total cost
2023 Roosevelt Street 34th Avenue 35th Avenue 630 Mill / Overlay 144.18 90,831 1.03 148.50 93,555 30,707 62,848 9,212 84,343 0
2023 Edward Street 34th Avenue 35th Avenue 630 Mill / Overlay 96.14 60,567 1.03 99.02 62,384 30,707 31,677 9,212 53,172
2023 Harding Street 34th Avenue 36th Avenue 1430 Mill / Overlay 144.18 206,171 1.03 148.50 212,356 69,701 142,655 20,910 191,446
2024 31st Avenue Silver Lake Road Rankin Road 1280 Reconstruct 1,262.36 1,615,824 1.03 1,300.23 1,664,299 348,629 1,315,670 104,589 1,559,710 545,107 Total assessed
2024 30th Avenue Wilson Street Silver Lake Road 1270 Mill / Overlay 99.02 125,758 1.03 101.99 129,531 44,086 85,445 13,226 116,305 163,532 PP Sa
2024 W Armour Terrace Roosevelt Street Silver Lake Road 1840 Mill / Overlay 148.50 273,241 1.03 152.96 281,439 63,873 217,566 19,162 262,277 2,303,000
2024 Wilson Street 29th Avenue 30th Avenue 630 Mill / Overlay 148.50 93,555 1.03 152.96 96,362 21,869 74,493 6,561 89,801 $2,302,062.66 381,575 Bond size / bond sa 2024
2024 Wilson Street 27th Avenue 29th Avenue 1310 Mill / Overlay 99.02 129,719 1.03 101.99 133,611 45,475 88,136 13,642 119,968 2,398,544 total cost
2024 Pahl Avenue Wilson Street Coolidge Street 610 Mill / Overlay 148.50 90,585 1.03 152.96 93,303 21,175 72,128 6,353 86,950 0
2025 Rankin Road CR 88 31st Avenue 1310 Reconstruct 1,300.23 1,703,306 1.03 1,339.24 1,754,405 240,554 1,513,851 72,166 1,682,239 461,324 Total assessed
2025 29th Avenue Silver Lake Road Rankin Road 1290 Mill / Overlay 183.56 236,796 1.03 189.07 243,900 74,358 169,542 22,308 221,593 2,260,000 138,397 PP Sa
2025 Hilldale Avenue Silver Lake Road Rankin Road 1270 Mill / Overlay 152.96 194,254 1.03 157.54 200,081 73,206 126,876 21,962 178,120 $2,259,208.81 322,927 Bond size / bond sa 2025
2025 32nd Avenue Silver Lake Road Rankin Road 1270 Mill / Overlay 101.99 129,531 1.03 105.05 133,417 73,206 60,211 21,962 111,455 2,331,804 total cost
0
2026 Macalaster Drive 39th Avenue Silver Lane 1260 Reconstruct 1,339.24 1,687,443 1.03 1,433.51 1,806,220 273,871 1,532,349 82,161 1,724,058 549,868 Total assessed
2026 Macalaster Drive South terminus 39th Avenue 500 Reconstruct 1,339.24 669,620 1.03 1,433.51 716,754 143,351 573,403 43,005 673,749 164,960 PP Sa
2026 Wilson Street 30th Avenue 31st Avenue 630 Mill / Overlay 157.54 99,253 1.03 162.27 102,231 26,445 75,785 7,934 110,164 2,970,000
2026 Harding Street 30th Avenue 31st Avenue 630 Mill / Overlay 105.05 66,183 1.03 108.20 68,169 26,445 41,723 7,934 76,102 $2,969,276.93 384,907 Bond size / bond sa 2026
2026 Edward Street 33rd Avenue 34th Avenue 620 Mill / Overlay 105.05 65,133 1.03 108.20 67,087 26,025 41,061 7,808 74,894 2,968,166 total cost
2026 Belden Drive 33rd Avenue 34th Avenue 1280 Mill / Overlay 157.54 201,657 1.03 162.27 207,707 53,730 153,977 16,119 223,826 0
2027 Penrod Lane 39th Avenue Silver Lane 1260 Reconstruct 1,433.51 1,806,220 1.03 1,476.51 1,860,406 373,647 1,486,759 112,094 1,748,312 698,480 Total assessed
2027 34th Avenue Stinson Boulevard Silver Lake Road 2200 Mill / Overlay 108.20 238,049 1.03 111.45 245,191 112,718 132,473 33,815 279,006 209,544 PP Sa
2027 Hilldale Avenue Belden Drive Silver Lake Road 1100 Mill / Overlay 162.27 178,498 1.03 167.14 183,853 56,359 127,494 16,908 200,761 2,766,000
2027 32nd Avenue Belden Drive Silver Lake Road 1100 Mill / Overlay 108.20 119,025 1.03 111.45 122,595 56,359 66,236 16,908 139,503 $2,766,016.30 488,936 Bond size / bond sa 2027
2027 Townview Avenue Wilson Street Silver Lake Road 1290 Mill / Overlay 162.27 209,329 1.03 167.14 215,609 66,094 149,515 19,828 235,437 2,700,097 total cost
2027 Belden Drive 32nd Avenue 33rd Avenue 650 Mill / Overlay 108.20 70,333 1.03 111.45 72,443 33,303 39,140 9,991 82,434 0
2028 Shamrock Drive 39th Avenue Silver Lane 1260 Reconstruct 1,476.51 1,860,406 1.03 1,520.81 1,916,218 391,285 1,524,934 117,385 1,798,833 942,934 Total assessed
2028 Fordham Drive 39th Avenue Silver Lane 1260 Reconstruct 1,476.51 1,860,406 1.03 1,520.81 1,916,218 333,384 1,582,835 100,015 1,816,203 282,880 PP Sa
2028 30th Avenue Stinson Boulevard Wilson Street 960 Mill / Overlay 111.45 106,992 1.03 114.79 110,202 47,193 63,009 14,158 96,044 4,295,000
2028 Roosevelt Street St. Anthony Boulevard 30th Avenue 1210 Mill / Overlay 167.14 202,238 1.03 172.15 208,305 59,482 148,823 17,845 190,461 $4,294,452.25 660,054 Bond size / bond sa 2028
2028 Murray Avenue Roosevelt Street Wilson Street 830 Mill / Overlay 111.45 92,504 1.03 114.79 95,279 40,802 54,477 12,241 83,038 4,452,251 total cost
2028 Murray Avenue Wilson Street Coolidge Street 710 Mill / Overlay 167.14 118,669 1.03 172.15 122,229 34,903 87,326 10,471 111,758 0.21
2028 Coolidge Street St. Anthony Boulevard 29th Avenue 730 Mill / Overlay 111.45 81,359 1.03 114.79 83,799 35,886 47,913 10,766 73,034
ANNUAL STREET PROGRAM DETAILED COSTS ATTACHMENT 1
2029 Skycroft Circle Skycroft Drive Skycroft Drive 1550 Reconstruct 1,520.81 2,357,253 1.03 1,566.43 2,427,970 496,875 1,931,096 149,062 2,278,908 710,838 Total assessed
2029 34th Avenue Skycroft Drive Croft Drive 300 Reconstruct 1,520.81 456,242 1.03 1,566.43 503,007 27,604 475,403 8,281 494,726 213,251 PP Sa
2029 Pahl Avenue Roosevelt Street Wilson Street 720 Mill / Overlay 114.79 82,652 1.03 118.24 85,131 47,581 37,550 14,274 70,857 3,177,000
2029 Roosevelt Street 27th Avenue Pahl Avenue 550 Mill / Overlay 172.15 94,684 1.03 177.32 97,525 36,347 61,178 10,904 86,621 $3,176,160.17 497,586 Bond size / bond sa 2029
2029 27th Avenue Stinson Boulevard Pahl Avenue 1550 Mill / Overlay 114.79 177,930 1.03 118.24 183,268 102,431 80,837 30,729 152,539 3,296,902 total cost
2030 Skycroft Drive Maplewood Drive 33rd Avenue 1560 Reconstruct 1,566.43 2,443,635 1.03 1,613.43 2,516,944 392,842 2,124,102 117,853 2,399,091 558,472 Total assessed
2030 39th Avenue Stinson Blvd Silver Lake Road 2200 Mill / Overlay 255.34 561,742 1.03 263.00 578,595 99,832 478,763 29,950 548,645 167,542 PP Sa
2030 Roosevelt Street 33rd Avenue north terminus 340 Mill / Overlay 118.24 40,201 1.03 121.78 41,407 11,020 30,386 3,306 38,101 3,351,000
2030 Roosevelt Street 31st Street 33rd Avenue 1290 Mill / Overlay 177.32 228,740 1.03 182.64 235,602 41,813 193,789 12,544 223,058 $3,351,331.31 390,930 Bond size / bond sa 2030
2030 Anthony Road Roosevelt Street Edward Street 400 Mill / Overlay 118.24 47,295 1.03 121.78 48,714 12,965 35,749 3,890 44,824 3,421,261 total cost
0
2031 Downers Drive Skycroft Drive Highcrest Road 1140 Reconstruct 1,613.43 1,839,305 1.03 1,661.83 1,894,484 328,558 1,565,926 98,568 1,795,917 565,494 Total assessed
2031 31st Avenue Wilson Street Silver Lake Road 1260 Mill / Overlay 121.78 153,449 1.03 125.44 158,052 65,183 92,869 19,555 138,497 2,472,000 169,648 PP Sa
2031 31st Street Stinson Boulevard Wilson Street 990 Mill / Overlay 182.64 180,811 1.03 188.12 186,235 51,215 135,020 15,365 170,871 $2,472,908.28 395,846
2031 Edward Street 31st Street 33rd Avenue 1390 Mill / Overlay 121.78 169,281 1.03 125.44 174,359 71,908 102,451 21,573 152,787 2,570,530 total cost 2031
2031 Wilson Street 31st Street 32nd Street 630 Mill / Overlay 182.64 115,061 1.03 188.12 118,513 32,592 85,922 9,777 108,736 0
2031 32nd Street Edward Street Belden Drive 310 Mill / Overlay 121.78 37,753 1.03 125.44 38,886 16,037 22,849 4,811 34,075
2032 Croft Drive 33rd Avenue Downers Drive 1270 Reconstruct 1,661.83 2,110,522 1.03 1,711.68 2,173,838 384,413 1,789,424 115,324 2,058,514 2,481,000 413,343 Bond size / bond sa 2032
2032 Chandler Drive/Foss Road 37th Avenue Highcrest Road 3190 Mill / Overlay 125.44 571,544 1.03 129.20 412,153 206,076 206,076 61,823 350,330 $2,481,108.56 2,585,990
TBD Anthony Lane N County Road C North terminus 800 Reconstruct 1,711.68 1,369,347 1.03 1,763.03 1,410,427 493,649 916,777 148,095 1,262,332 $1,300,202.05 345,555 2033
TBD Anthony Lane S County Road C south 2930 Reconstruct 1,763.03 5,165,689 1.03 1,815.92 5,320,659 1,862,231 3,458,429 558,669 4,761,990 $4,845,324.85 1,303,562 2034
Industrial Park - Upon Redevelopment / TIF
ATTACHMENT 2
City of St. Anthony
Debt Levy - Roads, Tax Abatement, Public Facilities 802,382 897,435 902,685 918,015 916,965 920,850 929,565 937,755 950,670 729,039 565,647 142,865 138,581 139,547 140,033
2021 Levy Year 60 61 62 63 64
2018 2019street 2020 Street 2021 2022
Existing Bonds
Fund 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040
$1,700,000 - 2003A (Refunding 2011A)503 118,057 121,103 123,992 121,473 124,204 132,028 134,286
$1,305,000 - 2008A (2014C)365 175,652 177,319 178,526 169,602 170,021 172,436 169,496 171,806 168,761 170,966 172,673 173,040
$2,630,000 - 2009A (Refunded in 2017A)512 184,768 185,450 185,975 186,343 186,553 186,605 172,921 179,549 180,612 181,518 187,516 187,949 182,974
$1,645,000 - 2009B (2001B & 2002A)503 196,995 192,401 187,808 193,714 183,608 106,150
$1,375,000 - 2010A (Refunded in 2019A)514 108,587 112,065 110,175 108,285 111,645 109,413 112,209 114,624 103,271 110,587 112,233 108,419 109,854 111,080
$1,940,000 - 2011A (Refunded in 2019A)516 141,991 138,684 140,626 142,411 138,789 140,416 141,886 142,871 125,653 121,883 123,363 124,633 125,694 126,544 121,934
$2,210,000 - 2011B (2004A and 2005A) 503 250,300 226,977 226,899 221,025 225,157 223,441 226,430 223,537 109,589
$9,495,000 - 2012A (2006A & 2007A)503/518 324,405 423,185 518,973 519,813 530,693 520,758 520,968 526,218 531,153 535,773 306,356 141,358 142,865 138,581 139,547 140,033
$1,775,000 - 2013B (Refunding 2021A)520 - - 118,685 118,930 119,176 119,120 119,063 118,523 117,984 117,082 111,806 117,004 111,618 111,446 111,214 110,860 115,636
$2,230,000 - 2014A 522 - - - 157,629 155,848 159,318 157,433 155,548 153,663 157,028 154,896 151,488 153,330 155,015 151,292 152,820 154,190 154,914
$2,580,000 - 2015A 524 - - - - 185,075 182,847 185,869 183,537 186,454 184,016 186,829 184,286 186,993 183,886 186,029 182,331 183,884 184,819 185,111
$1,455,000 - 2016A 526 102,173 106,135 104,742 103,349 101,956 105,813 104,315 102,817 106,568 104,965 103,362 107,009 105,025 103,042 105,757
$2,600,000 - 2017A 528 189,734 191,592 193,296 189,591 191,136 192,523 193,753 189,575 190,647 191,562 192,320 192,919 193,362 193,646 193,774
$2,610,000 - 2018A 530 179,849 180,959 181,859 177,298 177,998 178,467 178,737 178,797 180,484 176,764 178,294 179,666 180,382 180,927 181,302
$1,145,000 - 2019A 532 103,950 101,430 104,160 101,430 103,950 101,010 103,320 100,170 103,058 100,537 103,268 100,590 103,162 100,328 102,742
$3,000,000 - 2020A 534 235,830 237,644 232,600 232,806 232,856 232,747 237,731 237,150 236,412 232,471 233,780 234,984 236,083 237,077 232,715 (13,145)
$2,165,000 - 2021A 538 156,389 156,662 151,596 151,715 151,750 151,609 151,172 155,770 160,143 93,847 93,053 92,210 91,266 95,472 94,248
Total Levy 1,500,755 1,577,184 1,791,659 1,939,225 2,130,768 2,154,706 2,236,431 2,292,395 2,258,694 2,389,519 2,328,112 2,153,705 1,976,717 1,787,013 1,672,242 1,550,962 1,421,183 1,308,690 1,157,063 908,002 805,900 609,923 431,085 328,187 81,103 - - - -
2022 Road Improvements Bonds
$2,083,000 - 2022A 2022A - 142,709 142,709 142,709 142,709 142,709 142,709 142,709 142,709 142,709 142,709 147,099 147,099 147,099 147,099 147,099
2023-2032 Road Improvements Bonds
$2,333,000 - 2023A 2023A 144,929 144,929 144,929 144,929 144,929 144,929 144,929 144,929 144,929 144,929 102,986 102,986 102,986 102,986 102,986
$2,303,000 - 2024A 2024A 171,239 171,239 171,239 171,239 171,239 171,239 171,239 171,239 171,239 171,239 105,591 105,591 105,591 105,591 105,591
$2,260,000 - 2025A 2025A 157,585 157,585 157,585 157,585 157,585 157,585 157,585 157,585 157,585 157,585 110,996 110,996 110,996 110,996 110,996
$2,970,000 - 2026A 2026A 248,638 248,638 248,638 248,638 248,638 248,638 248,638 248,638 248,638 248,638 193,053 193,053 193,053 193,053
$2,766,000 - 2027A 2027A 223,325 223,325 223,325 223,325 223,325 223,325 223,325 223,325 223,325 223,325 138,810 138,810 138,810
$4,295,000 - 2028A 2028A 332,835 332,835 332,835 332,835 332,835 332,835 332,835 332,835 332,835 332,835 279,287 279,287
$3,177,000 - 2029A 2029A 244,764 244,764 244,764 244,764 244,764 244,764 244,764 244,764 244,764 244,764 224,305
$3,351,000 - 2030A 2030A 290,020 290,020 290,020 290,020 290,020 290,020 290,020 290,020 290,020 290,020
$2,472,000- 2031A 2031A 204,151 204,151 204,151 204,151 204,151 204,151 204,151 204,151 204,151
$2,481,000- 2032A 2032A 196,387 196,387 196,387 196,387 196,387 196,387 196,387 196,387
Additional levy - - - - - - - - - - - 142,709 287,638 458,877 616,462 865,099 1,088,424 1,421,259 1,666,023 1,956,043 2,160,194 2,360,971 2,319,028 2,253,380 2,206,791 2,151,207 1,919,593 1,763,059 1,637,009
Road levy before debt reduction 1,500,755 1,577,184 1,791,659 1,939,225 2,130,768 2,154,706 2,236,431 2,292,395 2,258,694 2,389,519 2,328,112 2,296,414 2,264,355 2,245,890 2,288,704 2,416,062 2,509,607 2,729,949 2,823,086 2,864,045 2,966,094 2,970,894 2,750,113 2,581,567 2,287,894 2,151,207 1,919,593 1,763,059 1,637,009
Stormwater Utilty (25,000) (170,000) (150,000) (95,000) (85,000) - - - - - - - - - - - - - - - - - - - - -
MSA Advance (7,500) (25,000) (85,000) (168,000) (152,500) - (41,729) (1,637) (170,304) - - - - - - - - - - - - - - - - -
Excess Bond Balance (115,000) (101,921) (92,500) (140,000) (140,009) (215,310) (354,300) (340,615) (150,000) - - - - - - - - - - - - - - - - -
Conduit Fee/Refunding & Project savings (15,079) (116,180) (79,792) - - - - - - - - - - - - - - -
Public Facilities/Abatement Excess (5,000) (35,000) (55,000) (60,000) (75,000) (70,000) (150,000) (147,000) (65,000) - - - - - - - - - - - - - - - -
Infrastructure Levy - - - - - - - - - - - - - -
Road improvement levy 1,500,755 1,577,184 1,776,580 1,791,725 1,828,847 1,792,206 1,778,431 1,854,886 1,852,204 1,843,699 1,835,860 1,829,110 2,199,355 2,245,890 2,288,704 2,416,062 2,509,607 2,729,949 2,823,086 2,864,045 2,966,094 2,970,894 2,750,113 2,581,567 2,287,894 2,151,207 1,919,593 1,763,059 1,637,009
% Increase in Road levy 5.09%12.64%0.85%2.07%-2.00%-0.77%4.30%-0.14%-0.46%-0.43%-0.37%20.24%2.12%1.91%5.56%3.87%8.78%3.41%1.45%3.56%0.16%-7.43%-6.13%-11.38%-5.97%-10.77%-8.15%-7.15%
$ Increase in Road levy 76,429 199,396 15,145 37,122 (36,641) (13,775) 76,455 (2,682) (8,505) (7,839) (6,750) 370,245 46,535 42,814 127,358 93,545 220,342 93,137 40,959 102,049 4,800 (220,781) (168,546) (293,673) (136,687) (231,613) (156,534) (126,050)
TAX ABATEMENT (2016B/2017A)149,395 146,480 151,025 153,148 155,112 224,877 227,430 222,653 228,375 228,585 228,638 233,782 233,415 96,390 - - - - - - - - - - - - - - -
PUBLIC FACILITIES (Refunded 2012A)409,773 379,197 378,462 382,872 387,322 396,207 399,882 403,347 406,602 414,897 422,683 424,289 - - - - - - - - - - - - - - - - -
559,168 525,677 529,487 536,020 542,434 621,084 627,312 626,000 634,977 643,482 651,321 658,071 233,415 96,390 - - - - - - - - - - - - - - -
FLATL LINE 2,854,932
Total debt levied after reduction 2,059,923 2,102,861 2,306,067 2,327,744 2,371,281 2,413,290 2,405,743 2,480,886 2,487,181 2,487,181 2,487,181 2,487,181 2,432,770 2,342,280 2,288,704 2,416,062 2,509,607 2,729,949 2,823,086 2,864,045 2,966,094 2,970,894 2,750,113 2,581,567 2,287,894 2,151,207 1,919,593 1,763,059 1,637,009
54,411 90,490 53,576 (127,358) (93,545) (220,342) (93,137) 40,959
Total levied debt before reduction 2,059,923 2,102,861 2,321,146 2,475,244 2,673,202 2,775,790 2,863,743 2,918,395 2,893,671 3,033,001 2,979,433 2,954,485 2,497,770 2,342,280 2,288,704 2,416,062 2,509,607 2,729,949 2,823,086 2,864,045 2,966,094 2,970,894 2,750,113 2,581,567 2,287,894 2,151,207 1,919,593 1,763,059 1,637,009
% Increase in Debt Levied 2.08%9.66%0.94%1.87%1.77%-0.31%3.12%0.25%0.00%0.00%0.00%-2.19%-3.72%-2.29%5.56%3.87%8.78%3.41%1.45%3.56%0.16%-7.43%-6.13%-11.38%-5.97%-10.77%-8.15%-7.15%
% Increase in Debt Scheduled to be levied 2.08%10.38%6.64%8.00%3.84%3.17%1.91%-0.85%4.82%-1.77%-0.84%-15.46%-6.23%-2.29%5.56%3.87%8.78%3.41%1.45%3.56%0.16%-7.43%-6.13%-11.38%-5.97%-10.77%-8.15%-7.15%
$ Increase in Debt Levied 42,939 203,205 21,678 43,537 42,009 (7,547) 75,143 6,295 (0) (0) 0 (54,411)(90,490) (53,576) 127,358 93,545 220,342 93,137 40,959 102,049 4,800 (220,781) (168,546) (293,673) (136,687) (231,613) (156,534) (126,050)
1,500,000
1,600,000
1,700,000
1,800,000
1,900,000
2,000,000
2,100,000
2,200,000
2,300,000
2,400,000
2,500,000
2,600,000
2,700,000
2,800,000
2,900,000
3,000,000
3,100,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
Total Debt Levied before reduction
Final two years
of existing plan
Continued practice of annual
street project
Total Debt Levied after reduction
Z:\Budget 2022\debt levy\2022 debt levy .xlsx 3/3/2021
ATTACHMENT 3
City of St. Anthony
Debt Levy - Roads, Tax Abatement, Public Facilities 802,382 897,435 902,685 918,015 916,965 920,850 929,565 937,755 950,670 729,039 565,647 142,865 138,581 139,547 140,033
2021 Levy Year 60 61 62 63 64
2018 2019street 2020 Street 2021 2022
Existing Bonds
Fund 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040
$1,700,000 - 2003A (Refunding 2011A)503 118,057 121,103 123,992 121,473 124,204 132,028 134,286
$1,305,000 - 2008A (2014C)365 175,652 177,319 178,526 169,602 170,021 172,436 169,496 171,806 168,761 170,966 172,673 173,040
$2,630,000 - 2009A (Refunded in 2017A)512 184,768 185,450 185,975 186,343 186,553 186,605 172,921 179,549 180,612 181,518 187,516 187,949 182,974
$1,645,000 - 2009B (2001B & 2002A)503 196,995 192,401 187,808 193,714 183,608 106,150
$1,375,000 - 2010A (Refunded in 2019A)514 108,587 112,065 110,175 108,285 111,645 109,413 112,209 114,624 103,271 110,587 112,233 108,419 109,854 111,080
$1,940,000 - 2011A (Refunded in 2019A)516 141,991 138,684 140,626 142,411 138,789 140,416 141,886 142,871 125,653 121,883 123,363 124,633 125,694 126,544 121,934
$2,210,000 - 2011B (2004A and 2005A) 503 250,300 226,977 226,899 221,025 225,157 223,441 226,430 223,537 109,589
$9,495,000 - 2012A (2006A & 2007A)503/518 324,405 423,185 518,973 519,813 530,693 520,758 520,968 526,218 531,153 535,773 306,356 141,358 142,865 138,581 139,547 140,033
$1,775,000 - 2013B (Refunding 2021A)520 - - 118,685 118,930 119,176 119,120 119,063 118,523 117,984 117,082 111,806 117,004 111,618 111,446 111,214 110,860 115,636
$2,230,000 - 2014A 522 - - - 157,629 155,848 159,318 157,433 155,548 153,663 157,028 154,896 151,488 153,330 155,015 151,292 152,820 154,190 154,914
$2,580,000 - 2015A 524 - - - - 185,075 182,847 185,869 183,537 186,454 184,016 186,829 184,286 186,993 183,886 186,029 182,331 183,884 184,819 185,111
$1,455,000 - 2016A 526 102,173 106,135 104,742 103,349 101,956 105,813 104,315 102,817 106,568 104,965 103,362 107,009 105,025 103,042 105,757
$2,600,000 - 2017A 528 189,734 191,592 193,296 189,591 191,136 192,523 193,753 189,575 190,647 191,562 192,320 192,919 193,362 193,646 193,774
$2,610,000 - 2018A 530 179,849 180,959 181,859 177,298 177,998 178,467 178,737 178,797 180,484 176,764 178,294 179,666 180,382 180,927 181,302
$1,145,000 - 2019A 532 103,950 101,430 104,160 101,430 103,950 101,010 103,320 100,170 103,058 100,537 103,268 100,590 103,162 100,328 102,742
$3,000,000 - 2020A 534 235,830 237,644 232,600 232,806 232,856 232,747 237,731 237,150 236,412 232,471 233,780 234,984 236,083 237,077 232,715 (13,145)
$2,165,000 - 2021A 538 156,389 156,662 151,596 151,715 151,750 151,609 151,172 155,770 160,143 93,847 93,053 92,210 91,266 95,472 94,248
Total Levy 1,500,755 1,577,184 1,791,659 1,939,225 2,130,768 2,154,706 2,236,431 2,292,395 2,258,694 2,389,519 2,328,112 2,153,705 1,976,717 1,787,013 1,672,242 1,550,962 1,421,183 1,308,690 1,157,063 908,002 805,900 609,923 431,085 328,187 81,103 - - - -
2022 Road Improvements Bonds
$2,083,000 - 2022A 2022A - 142,709 142,709 142,709 142,709 142,709 142,709 142,709 142,709 142,709 142,709 147,099 147,099 147,099 147,099 147,099
2023-2037 Road Improvements Bonds
2023 - OFF YEAR
$2,333,000 - 2024A 2024A 144,929 144,929 144,929 144,929 144,929 144,929 144,929 144,929 144,929 144,929 102,986 102,986 102,986 102,986 102,986
$2,303,000 - 2025A 2025A 171,239 171,239 171,239 171,239 171,239 171,239 171,239 171,239 171,239 171,239 105,591 105,591 105,591 105,591 105,591
2026 - OFF YEAR
$2,260,000 - 2027A 2027A 157,585 157,585 157,585 157,585 157,585 157,585 157,585 157,585 157,585 157,585 110,996 110,996 110,996
900K REDUCTION IN BORROWING (63,034) (63,034) (63,034) (63,034) (63,034) (63,034) (63,034) (63,034) (63,034) (63,034) (44,398) (44,398) (44,398)
$2,970,000 - 2028A 2028A 248,638 248,638 248,638 248,638 248,638 248,638 248,638 248,638 248,638 248,638 193,053 193,053
2029 - OFF YEAR
$2,766,000 - 2030A 2030A 223,325 223,325 223,325 223,325 223,325 223,325 223,325 223,325 223,325 223,325
$4,295,000 - 2031A 2031A 332,835 332,835 332,835 332,835 332,835 332,835 332,835 332,835 332,835
2.6M REDUCTION IN BORROWING (186,720) (186,720) (186,720) (186,720) (186,720) (186,720) (186,720) (186,720) (186,720)
2032 - OFF YEAR
$3,177,000 - 2033A 2033A 244,764 244,764 244,764 244,764 244,764 244,764 244,764
1.4M REDUCTION IN BORROWING (107,696) (107,696) (107,696) (107,696) (107,696) (107,696) (107,696)
$3,351,000 - 2034A 2034A 290,020 290,020 290,020 290,020 290,020 290,020
1.98M REDUCTION IN BORROWING (171,112) (171,112) (171,112) (171,112) (171,112) (171,112)
2035 - OFF YEAR
$2,472,000- 2036A 2036A 204,151 204,151 204,151 204,151
PAY CASH NO BONDING (204,151) (204,151) (204,151) (204,151)
$2,481,000 - 2037A 2037A 196,387 196,387 196,387
Additional levy - - - - - - - - - - - 142,709 142,709 287,638 458,877 458,877 553,428 802,065 802,065 1,025,390 1,171,504 1,175,894 1,312,962 1,389,927 1,324,279 1,324,279 1,345,614 1,290,030 1,187,044
Road levy before debt reduction 1,500,755 1,577,184 1,791,659 1,939,225 2,130,768 2,154,706 2,236,431 2,292,395 2,258,694 2,389,519 2,328,112 2,296,414 2,119,426 2,074,651 2,131,119 2,009,839 1,974,610 2,110,755 1,959,129 1,933,392 1,977,404 1,785,817 1,744,047 1,718,114 1,405,382 1,324,279 1,345,614 1,290,030 1,187,044
Stormwater Utilty (25,000) (170,000) (150,000) (95,000) (85,000) - - - - (50,000) (50,000) (75,000) (50,000) (50,000) (150,000) - - - - - - - - - - -
MSA Advance (7,500) (25,000) (85,000) (168,000) (152,500) - (41,729) (1,637) (170,304) - - - - - (50,000) - - - - - - - - - - -
Excess Bond Balance (115,000) (101,921) (92,500) (140,000) (140,009) (215,310) (354,300) (340,615) (150,000) - - - - - - - - - - - - - - - - -
Conduit Fee/Refunding & Project savings (15,079) (116,180) (79,792) - - - - - - - - - - - - - - -
Public Facilities/Abatement Excess (5,000) (35,000) (55,000) (60,000) (75,000) (70,000) (150,000) (147,000) (65,000) - - - - - - - - - - - - - - - -
Infrastructure Levy - - - - - -
Road improvement levy 1,500,755 1,577,184 1,776,580 1,791,725 1,828,847 1,792,206 1,778,431 1,854,886 1,852,204 1,843,699 1,835,860 1,829,110 2,004,426 2,024,651 2,056,119 1,959,839 1,924,610 1,910,755 1,959,129 1,933,392 1,977,404 1,785,817 1,744,047 1,718,114 1,405,382 1,324,279 1,345,614 1,290,030 1,187,044
% Increase in Road levy 5.09%12.64%0.85%2.07%-2.00%-0.77%4.30%-0.14%-0.46%-0.43%-0.37%9.58%1.01%1.55%-4.68%-1.80%-0.72%2.53%-1.31%2.28%-9.69%-2.34%-1.49%-18.20%-5.77%1.61%-4.13%-7.98%
$ Increase in Road levy 76,429 199,396 15,145 37,122 (36,641) (13,775) 76,455 (2,682) (8,505) (7,839) (6,750) 175,316 20,225 31,468 (96,280) (35,229) (13,855) 48,373 (25,737) 44,012 (191,587) (41,770) (25,933) (312,732) (81,103) 21,335 (55,584) (102,986)
TAX ABATEMENT (2016B/2017A)149,395 146,480 151,025 153,148 155,112 224,877 227,430 222,653 228,375 228,585 228,638 233,782 233,415 96,390 - - - - - - - - - - - - - - -
PUBLIC FACILITIES (Refunded 2012A)409,773 379,197 378,462 382,872 387,322 396,207 399,882 403,347 406,602 414,897 422,683 424,289 - - - - - - - - - - - - - - - - -
559,168 525,677 529,487 536,020 542,434 621,084 627,312 626,000 634,977 643,482 651,321 658,071 233,415 96,390 - - - - - - - - - - - - - - -
FLATL LINE 2,854,932
Total debt levied after reduction 2,059,923 2,102,861 2,306,067 2,327,744 2,371,281 2,413,290 2,405,743 2,480,886 2,487,181 2,487,181 2,487,181 2,487,181 2,237,841 2,121,041 2,056,119 1,959,839 1,924,610 1,910,755 1,959,129 1,933,392 1,977,404 1,785,817 1,744,047 1,718,114 1,405,382 1,324,279 1,345,614 1,290,030 1,187,044
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040
Total levied debt before reduction 2,059,923 2,102,861 2,321,146 2,475,244 2,673,202 2,775,790 2,863,743 2,918,395 2,893,671 3,033,001 2,979,433 2,954,485 2,352,841 2,171,041 2,131,119 2,009,839 1,974,610 2,110,755 1,959,129 1,933,392 1,977,404 1,785,817 1,744,047 1,718,114 1,405,382 1,324,279 1,345,614 1,290,030 1,187,044
% Increase in Debt Levied 2.08%9.66%0.94%1.87%1.77%-0.31%3.12%0.25%0.00%0.00%0.00%-10.02%-5.22%-3.06%-4.68%-1.80%-0.72%2.53%-1.31%2.28%-9.69%-2.34%-1.49%-18.20%-5.77%1.61%-4.13%-7.98%
% Increase in Debt Scheduled to be levied 2.08%10.38%6.64%8.00%3.84%3.17%1.91%-0.85%4.82%-1.77%-0.84%-20.36%-7.73%-1.84%-5.69%-1.75%6.89%-7.18%-1.31%2.28%-9.69%-2.34%-1.49%-18.20%-5.77%1.61%-4.13%-7.98%
$ Increase in Debt Levied 42,939 203,205 21,678 43,537 42,009 (7,547) 75,143 6,295 (0) (0) 0 (249,340)(116,801) (64,922) (96,280) (35,229) (13,855) 48,373 (25,737) 44,012 (191,587) (41,770) (25,933) (312,732) (81,103) 21,335 (55,584) (102,986)
1,500,000
1,600,000
1,700,000
1,800,000
1,900,000
2,000,000
2,100,000
2,200,000
2,300,000
2,400,000
2,500,000
2,600,000
2,700,000
2,800,000
2,900,000
3,000,000
3,100,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
Total Debt Levied before reduction
Final two years
of existing plan
Modifying the pace of
improvements, transition Debt
Levy to Infrastrucure Levy
Total Debt Levied after reduction
Z:\Budget 2022\debt levy\2022 debt levy .xlsx 3/3/2021
ATTACHMENT 4
Levy Year Debt levy
Infrastructure
Fund Total
Combined
$ change in
Levy
Combined
% change in
Levy Levied $ Annual 60K
Bond $
Eliminated Bond Year Bond Impact
2020 2,487,181 - 2,487,181 - 0%
2021 2,487,181 - 2,487,181 - 0%
2022 2,487,181 - 2,487,181 - 0%
2023 2,487,181 - 2,487,181 - 0%
2024 2,237,841 250,000 2,487,841 660 0.03%
2025 2,121,041 400,000 2,521,041 33,200 1.33%
2026 2,056,119 500,000 2,556,119 35,078 1.39%1,150,000 (180,000) 970,000 2027 BOND REDUCED 40%
2027 1,959,839 600,000 2,559,839 3,720 0.15%
2028 1,924,610 700,000 2,624,610 64,771 2.53%
2029 1,910,755 800,000 2,710,755 86,145 3.28%
2030 1,959,129 850,000 2,809,129 98,373 3.63%2,950,000 (240,000) 2,710,000 2031 BOND REDUCED 61%
2031 1,933,392 950,000 2,883,392 74,263 2.64%
2032 1,977,404 1,000,000 2,977,404 94,012 3.26%
2033 1,785,817 1,050,000 2,835,817 (141,587) -4.76%1,450,000 (90,000) 1,360,000 2033 BOND REDUCED 44%
2034 1,744,047 1,150,000 2,894,047 58,230 2.05%2,125,000 (150,000) 1,975,000 2034 BOND REDUCED 59%
2035 1,718,114 1,150,000 2,868,114 (25,933) -0.90%
2036 1,324,279 1,150,000 2,474,279 (393,835) -13.73% 2,875,000 (150,000) 2,725,000 2036 NO BOND REDUCED 100%
2037 1,345,614 1,150,000 2,495,614 21,335 0.86%
Use of Infrastructure LevyTransition of Debt Levy to Infrastruture Levy
City of St Anthony, Minnesota
$3,100,000 General Obligation Bonds, Series 2021A
Issue Summary - New Money & Current Ref 2013B
Assumes Current Market BQ AA Rates plus 20bps
Total Issue Sources And Uses
Dated 05/18/2021 | Delivered 05/18/2021
Road
Reconstruction Mill/Overlay
Current Ref
2013B GO
Imp
Issue
Summary
Sources Of Funds
Par Amount of Bonds $1,400,000.00 $765,000.00 $935,000.00 $3,100,000.00
Planned Issuer Equity contribution --70,000.00 70,000.00
Prepaid Assessments 68,462.00 106,568.00 -175,030.00
Total Sources $1,468,462.00 $871,568.00 $1,005,000.00 $3,345,030.00
Uses Of Funds
Total Underwriter's Discount (1.200%)16,800.00 9,180.00 11,220.00 37,200.00
Costs of Issuance 26,193.56 14,312.90 17,493.54 58,000.00
Deposit to Capitalized Interest (CIF) Fund 9,777.40 4,025.16 -13,802.56
Deposit to Project Construction Fund 1,415,680.00 842,000.00 -2,257,680.00
Deposit to Current Refunding Fund --977,259.17 977,259.17
Rounding Amount 11.04 2,049.94 (972.71)1,088.27
Total Uses $1,468,462.00 $871,568.00 $1,005,000.00 $3,345,030.00
Series 2021A GO Bds CR 13 | Issue Summary | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$3,100,000 General Obligation Bonds, Series 2021A
Issue Summary - New Money & Current Ref 2013B
Assumes Current Market BQ AA Rates plus 20bps
Debt Service Schedule
Date Principal Coupon Interest Total P+I Fiscal Total
05/18/2021 -----
02/01/2022 120,000.00 0.350%17,539.58 137,539.58 137,539.58
08/01/2022 --12,268.75 12,268.75 -
02/01/2023 285,000.00 0.400%12,268.75 297,268.75 309,537.50
08/01/2023 --11,698.75 11,698.75 -
02/01/2024 290,000.00 0.450%11,698.75 301,698.75 313,397.50
08/01/2024 --11,046.25 11,046.25 -
02/01/2025 280,000.00 0.500%11,046.25 291,046.25 302,092.50
08/01/2025 --10,346.25 10,346.25 -
02/01/2026 280,000.00 0.550%10,346.25 290,346.25 300,692.50
08/01/2026 --9,576.25 9,576.25 -
02/01/2027 280,000.00 0.650%9,576.25 289,576.25 299,152.50
08/01/2027 --8,666.25 8,666.25 -
02/01/2028 280,000.00 0.750%8,666.25 288,666.25 297,332.50
08/01/2028 --7,616.25 7,616.25 -
02/01/2029 285,000.00 0.900%7,616.25 292,616.25 300,232.50
08/01/2029 --6,333.75 6,333.75 -
02/01/2030 170,000.00 1.000%6,333.75 176,333.75 182,667.50
08/01/2030 --5,483.75 5,483.75 -
02/01/2031 170,000.00 1.100%5,483.75 175,483.75 180,967.50
08/01/2031 --4,548.75 4,548.75 -
02/01/2032 175,000.00 1.200%4,548.75 179,548.75 184,097.50
08/01/2032 --3,498.75 3,498.75 -
02/01/2033 95,000.00 1.250%3,498.75 98,498.75 101,997.50
08/01/2033 --2,905.00 2,905.00 -
02/01/2034 95,000.00 1.350%2,905.00 97,905.00 100,810.00
08/01/2034 --2,263.75 2,263.75 -
02/01/2035 95,000.00 1.450%2,263.75 97,263.75 99,527.50
08/01/2035 --1,575.00 1,575.00 -
02/01/2036 100,000.00 1.550%1,575.00 101,575.00 103,150.00
08/01/2036 --800.00 800.00 -
02/01/2037 100,000.00 1.600%800.00 100,800.00 101,600.00
Total $3,100,000.00 -$214,794.58 $3,314,794.58 -
Yield Statistics
Bond Year Dollars $21,038.61
Average Life 6.787 Years
Average Coupon 1.0209542%
Net Interest Cost (NIC)1.1977719%
True Interest Cost (TIC)1.1995371%
Bond Yield for Arbitrage Purposes 1.0136593%
All Inclusive Cost (AIC)1.4959606%
IRS Form 8038
Net Interest Cost 1.0209542%
Weighted Average Maturity 6.787 Years
Series 2021A GO Bds CR 13 | Issue Summary | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$3,100,000 General Obligation Bonds, Series 2021A
Issue Summary - New Money & Current Ref 2013B
Assumes Current Market BQ AA Rates plus 20bps
Net Debt Service Schedule
Date Principal Coupon Interest Total P+I CIF Net New D/S
Fiscal
Total
05/18/2021 -------
02/01/2022 120,000.00 0.350%17,539.58 137,539.58 (13,802.56)123,737.02 123,737.02
08/01/2022 --12,268.75 12,268.75 -12,268.75 -
02/01/2023 285,000.00 0.400%12,268.75 297,268.75 -297,268.75 309,537.50
08/01/2023 --11,698.75 11,698.75 -11,698.75 -
02/01/2024 290,000.00 0.450%11,698.75 301,698.75 -301,698.75 313,397.50
08/01/2024 --11,046.25 11,046.25 -11,046.25 -
02/01/2025 280,000.00 0.500%11,046.25 291,046.25 -291,046.25 302,092.50
08/01/2025 --10,346.25 10,346.25 -10,346.25 -
02/01/2026 280,000.00 0.550%10,346.25 290,346.25 -290,346.25 300,692.50
08/01/2026 --9,576.25 9,576.25 -9,576.25 -
02/01/2027 280,000.00 0.650%9,576.25 289,576.25 -289,576.25 299,152.50
08/01/2027 --8,666.25 8,666.25 -8,666.25 -
02/01/2028 280,000.00 0.750%8,666.25 288,666.25 -288,666.25 297,332.50
08/01/2028 --7,616.25 7,616.25 -7,616.25 -
02/01/2029 285,000.00 0.900%7,616.25 292,616.25 -292,616.25 300,232.50
08/01/2029 --6,333.75 6,333.75 -6,333.75 -
02/01/2030 170,000.00 1.000%6,333.75 176,333.75 -176,333.75 182,667.50
08/01/2030 --5,483.75 5,483.75 -5,483.75 -
02/01/2031 170,000.00 1.100%5,483.75 175,483.75 -175,483.75 180,967.50
08/01/2031 --4,548.75 4,548.75 -4,548.75 -
02/01/2032 175,000.00 1.200%4,548.75 179,548.75 -179,548.75 184,097.50
08/01/2032 --3,498.75 3,498.75 -3,498.75 -
02/01/2033 95,000.00 1.250%3,498.75 98,498.75 -98,498.75 101,997.50
08/01/2033 --2,905.00 2,905.00 -2,905.00 -
02/01/2034 95,000.00 1.350%2,905.00 97,905.00 -97,905.00 100,810.00
08/01/2034 --2,263.75 2,263.75 -2,263.75 -
02/01/2035 95,000.00 1.450%2,263.75 97,263.75 -97,263.75 99,527.50
08/01/2035 --1,575.00 1,575.00 -1,575.00 -
02/01/2036 100,000.00 1.550%1,575.00 101,575.00 -101,575.00 103,150.00
08/01/2036 --800.00 800.00 -800.00 -
02/01/2037 100,000.00 1.600%800.00 100,800.00 -100,800.00 101,600.00
Total $3,100,000.00 -$214,794.58 $3,314,794.58 (13,802.56)$3,300,992.02 -
Series 2021A GO Bds CR 13 | Issue Summary | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$3,100,000 General Obligation Bonds, Series 2021A
Issue Summary - New Money & Current Ref 2013B
Assumes Current Market BQ AA Rates plus 20bps
Pricing Summary
Maturity
Type of
Bond Coupon Yield
Maturity
Value Price Dollar Price
02/01/2022 Serial Coupon 0.350%0.350%120,000.00 100.000%120,000.00
02/01/2023 Serial Coupon 0.400%0.400%285,000.00 100.000%285,000.00
02/01/2024 Serial Coupon 0.450%0.450%290,000.00 100.000%290,000.00
02/01/2025 Serial Coupon 0.500%0.500%280,000.00 100.000%280,000.00
02/01/2026 Serial Coupon 0.550%0.550%280,000.00 100.000%280,000.00
02/01/2027 Serial Coupon 0.650%0.650%280,000.00 100.000%280,000.00
02/01/2028 Serial Coupon 0.750%0.750%280,000.00 100.000%280,000.00
02/01/2029 Serial Coupon 0.900%0.900%285,000.00 100.000%285,000.00
02/01/2030 Serial Coupon 1.000%1.000%170,000.00 100.000%170,000.00
02/01/2031 Serial Coupon 1.100%1.100%170,000.00 100.000%170,000.00
02/01/2032 Serial Coupon 1.200%1.200%175,000.00 100.000%175,000.00
02/01/2033 Serial Coupon 1.250%1.250%95,000.00 100.000%95,000.00
02/01/2034 Serial Coupon 1.350%1.350%95,000.00 100.000%95,000.00
02/01/2035 Serial Coupon 1.450%1.450%95,000.00 100.000%95,000.00
02/01/2036 Serial Coupon 1.550%1.550%100,000.00 100.000%100,000.00
02/01/2037 Serial Coupon 1.600%1.600%100,000.00 100.000%100,000.00
Total ---$3,100,000.00 -$3,100,000.00
Bid Information
Par Amount of Bonds $3,100,000.00
Gross Production $3,100,000.00
Total Underwriter's Discount (1.200%)$(37,200.00)
Bid (98.800%)3,062,800.00
Total Purchase Price $3,062,800.00
Bond Year Dollars $21,038.61
Average Life 6.787 Years
Average Coupon 1.0209542%
Net Interest Cost (NIC)1.1977719%
True Interest Cost (TIC)1.1995371%
Series 2021A GO Bds CR 13 | Issue Summary | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$3,100,000 General Obligation Bonds, Series 2021A
Issue Summary - New Money & Current Ref 2013B
Assumes Current Market BQ AA Rates plus 20bps
Proof of Bond Yield @ 1.0136593%
Date Cashflow PV Factor Present Value
Cumulative
PV
05/18/2021 -1.0000000x --
02/01/2022 137,539.58 0.9929194x 136,565.72 136,565.72
08/01/2022 12,268.75 0.9879124x 12,120.45 148,686.17
02/01/2023 297,268.75 0.9829306x 292,194.55 440,880.72
08/01/2023 11,698.75 0.9779739x 11,441.07 452,321.79
02/01/2024 301,698.75 0.9730423x 293,565.63 745,887.42
08/01/2024 11,046.25 0.9681355x 10,694.27 756,581.69
02/01/2025 291,046.25 0.9632534x 280,351.29 1,036,932.98
08/01/2025 10,346.25 0.9583960x 9,915.80 1,046,848.79
02/01/2026 290,346.25 0.9535630x 276,863.45 1,323,712.24
08/01/2026 9,576.25 0.9487545x 9,085.51 1,332,797.75
02/01/2027 289,576.25 0.9439701x 273,351.34 1,606,149.08
08/01/2027 8,666.25 0.9392100x 8,139.43 1,614,288.51
02/01/2028 288,666.25 0.9344738x 269,751.04 1,884,039.55
08/01/2028 7,616.25 0.9297615x 7,081.30 1,891,120.84
02/01/2029 292,616.25 0.9250729x 270,691.37 2,161,812.21
08/01/2029 6,333.75 0.9204080x 5,829.63 2,167,641.85
02/01/2030 176,333.75 0.9157666x 161,480.57 2,329,122.41
08/01/2030 5,483.75 0.9111487x 4,996.51 2,334,118.92
02/01/2031 175,483.75 0.9065540x 159,085.49 2,493,204.41
08/01/2031 4,548.75 0.9019825x 4,102.89 2,497,307.31
02/01/2032 179,548.75 0.8974340x 161,133.15 2,658,440.46
08/01/2032 3,498.75 0.8929085x 3,124.06 2,661,564.52
02/01/2033 98,498.75 0.8884058x 87,506.86 2,749,071.38
08/01/2033 2,905.00 0.8839258x 2,567.80 2,751,639.19
02/01/2034 97,905.00 0.8794684x 86,104.35 2,837,743.54
08/01/2034 2,263.75 0.8750334x 1,980.86 2,839,724.39
02/01/2035 97,263.75 0.8706209x 84,679.85 2,924,404.25
08/01/2035 1,575.00 0.8662306x 1,364.31 2,925,768.56
02/01/2036 101,575.00 0.8618624x 87,543.67 3,013,312.23
08/01/2036 800.00 0.8575162x 686.01 3,013,998.24
02/01/2037 100,800.00 0.8531920x 86,001.76 3,100,000.00
Total $3,314,794.58 -$3,100,000.00 -
Derivation Of Target Amount
Par Amount of Bonds $3,100,000.00
Original Issue Proceeds $3,100,000.00
Series 2021A GO Bds CR 13 | Issue Summary | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$3,100,000 General Obligation Bonds, Series 2021A
Issue Summary - New Money & Current Ref 2013B
Assumes Current Market BQ AA Rates plus 20bps
Derivation Of Form 8038 Yield Statistics
Maturity
Issuance
Value Coupon Price
Issuance
Price Exponent Bond Years
05/18/2021 ------
02/01/2022 120,000.00 0.350%100.000%120,000.00 0.7027778x 84,333.33
02/01/2023 285,000.00 0.400%100.000%285,000.00 1.7027778x 485,291.67
02/01/2024 290,000.00 0.450%100.000%290,000.00 2.7027778x 783,805.56
02/01/2025 280,000.00 0.500%100.000%280,000.00 3.7027778x 1,036,777.78
02/01/2026 280,000.00 0.550%100.000%280,000.00 4.7027778x 1,316,777.78
02/01/2027 280,000.00 0.650%100.000%280,000.00 5.7027778x 1,596,777.78
02/01/2028 280,000.00 0.750%100.000%280,000.00 6.7027778x 1,876,777.78
02/01/2029 285,000.00 0.900%100.000%285,000.00 7.7027778x 2,195,291.67
02/01/2030 170,000.00 1.000%100.000%170,000.00 8.7027778x 1,479,472.22
02/01/2031 170,000.00 1.100%100.000%170,000.00 9.7027778x 1,649,472.22
02/01/2032 175,000.00 1.200%100.000%175,000.00 10.7027778x 1,872,986.11
02/01/2033 95,000.00 1.250%100.000%95,000.00 11.7027778x 1,111,763.89
02/01/2034 95,000.00 1.350%100.000%95,000.00 12.7027778x 1,206,763.89
02/01/2035 95,000.00 1.450%100.000%95,000.00 13.7027778x 1,301,763.89
02/01/2036 100,000.00 1.550%100.000%100,000.00 14.7027778x 1,470,277.78
02/01/2037 100,000.00 1.600%100.000%100,000.00 15.7027778x 1,570,277.78
Total $3,100,000.00 --$3,100,000.00 -$21,038,611.11
Description of Bonds
Final Maturity Date 2/01/2037
Issue price of entire issue 3,100,000.00
Stated Redemption at Maturity 3,100,000.00
Weighted Average Maturity = Bond Years/Issue Price 6.787 Years
Bond Yield for Arbitrage Purposes 1.0136593%
Uses of Proceeds of Issue
Proceeds used for accrued interest -
Proceeds used for bond issuance costs (including underwriters' discount) 95,200.00
Proceeds used for credit enhancement -
Proceeds allocated to reasonably required reserve or replacement fund -
Description of Refunded Bonds
Proceeds used to currently refund prior issue 3,234,939.17
Proceeds used to advance refund prior issue -
Remaining weighted average maturity of the bonds to be currently refunded 4.290 Years
Remaining weighted average maturity of the bonds to be advance refunded -
Last date on which the refunded bonds will be called 6/01/2021
Series 2021A GO Bds CR 13 | Issue Summary | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$3,100,000 General Obligation Bonds, Series 2021A
Issue Summary - New Money & Current Ref 2013B
Assumes Current Market BQ AA Rates plus 20bps
Form 8038 Refunded Bonds
Date
Type of
Bond Coupon
FV
Principal Price Issue Price
2013B GO Imp Bonds CR 2021
02/01/2022 Serial Coupon 1.600%115,000.00 100.000%115,000.00
02/01/2023 Serial Coupon 1.750%115,000.00 100.000%115,000.00
02/01/2024 Serial Coupon 2.000%120,000.00 100.000%120,000.00
02/01/2025 Serial Coupon 2.000%120,000.00 100.000%120,000.00
02/01/2026 Serial Coupon 2.625%120,000.00 100.000%120,000.00
02/01/2027 Serial Coupon 2.625%125,000.00 100.000%125,000.00
02/01/2028 Serial Coupon 2.625%125,000.00 100.000%125,000.00
02/01/2029 Serial Coupon 2.625%130,000.00 100.000%130,000.00
Subtotal -$970,000.00 -$970,000.00
Total -$970,000.00 -$970,000.00
Series 2021A GO Bds CR 13 | Issue Summary | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$3,100,000 General Obligation Bonds, Series 2021A
Issue Summary - New Money & Current Ref 2013B
Assumes Current Market BQ AA Rates plus 20bps
Current Refunding Escrow
Date Principal Rate Receipts Disbursements Cash Balance
05/18/2021 2,257,680.00 -3,234,939.17 2,257,680.00 977,259.17
06/01/2021 ---977,259.17 -
Total $2,257,680.00 -$3,234,939.17 $3,234,939.17 -
Investment Parameters
Investment Model [PV, GIC, or Securities]Securities
Default investment yield target Unrestricted
Cash Deposit 977,259.17
Cost of Investments Purchased with Bond Proceeds 2,257,680.00
Total Cost of Investments $3,234,939.17
Target Cost of Investments at bond yield $3,234,582.42
Actual positive or (negative) arbitrage (356.75)
Yield to Receipt -
Yield for Arbitrage Purposes 1.0136593%
Series 2021A GO Bds CR 13 | Issue Summary | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$3,100,000 General Obligation Bonds, Series 2021A
Issue Summary - New Money & Current Ref 2013B
Assumes Current Market BQ AA Rates plus 20bps
Primary Purpose Fund Proof Of Yield @ 0.0000000%
Date Cashflow PV Factor Present Value
Cumulative
PV
05/18/2021 2,257,680.00 1.0000000x 2,257,680.00 2,257,680.00
Total $2,257,680.00 -$2,257,680.00 -
Composition Of Initial Deposit
Cost of Investments Purchased with Bond Proceeds 2,257,680.00
Adjusted Cost of Investments 2,257,680.00
Series 2021A GO Bds CR 13 | Issue Summary | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$3,100,000 General Obligation Bonds, Series 2021A
Issue Summary - New Money & Current Ref 2013B
Assumes Current Market BQ AA Rates plus 20bps
Detail Costs Of Issuance
Dated 05/18/2021 | Delivered 05/18/2021
COSTS OF ISSUANCE DETAIL
Municipal Advisor $34,000.00
Bond Counsel $11,000.00
Rating Agency Fee $12,000.00
Miscellaneous $1,000.00
TOTAL $58,000.00
Series 2021A GO Bds CR 13 | Issue Summary | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$3,100,000 General Obligation Bonds, Series 2021A
Issue Summary - New Money & Current Ref 2013B
Assumes Current Market BQ AA Rates plus 20bps
Debt Service Schedule
Date Principal Coupon Interest Total P+I CIF Net New D/S 105% of Total Assessments Levy/(Surplus)
02/01/2022 120,000.00 0.350%17,539.58 137,539.58 (13,802.56)123,737.02 129,923.87 14,518.91 115,404.96
02/01/2023 285,000.00 0.400%24,537.50 309,537.50 -309,537.50 325,014.38 56,819.58 268,194.80
02/01/2024 290,000.00 0.450%23,397.50 313,397.50 -313,397.50 329,067.38 55,401.52 273,665.86
02/01/2025 280,000.00 0.500%22,092.50 302,092.50 -302,092.50 317,197.13 53,983.44 263,213.69
02/01/2026 280,000.00 0.550%20,692.50 300,692.50 -300,692.50 315,727.13 52,565.36 263,161.77
02/01/2027 280,000.00 0.650%19,152.50 299,152.50 -299,152.50 314,110.13 51,147.28 262,962.85
02/01/2028 280,000.00 0.750%17,332.50 297,332.50 -297,332.50 312,199.13 49,729.18 262,469.95
02/01/2029 285,000.00 0.900%15,232.50 300,232.50 -300,232.50 315,244.13 48,311.10 266,933.03
02/01/2030 170,000.00 1.000%12,667.50 182,667.50 -182,667.50 191,800.88 35,826.78 155,974.10
02/01/2031 170,000.00 1.100%10,967.50 180,967.50 -180,967.50 190,015.88 34,840.28 155,175.60
02/01/2032 175,000.00 1.200%9,097.50 184,097.50 -184,097.50 193,302.38 33,853.78 159,448.60
02/01/2033 95,000.00 1.250%6,997.50 101,997.50 -101,997.50 107,097.38 14,044.10 93,053.28
02/01/2034 95,000.00 1.350%5,810.00 100,810.00 -100,810.00 105,850.50 13,641.12 92,209.38
02/01/2035 95,000.00 1.450%4,527.50 99,527.50 -99,527.50 104,503.88 13,238.14 91,265.74
02/01/2036 100,000.00 1.550%3,150.00 103,150.00 -103,150.00 108,307.50 12,835.16 95,472.34
02/01/2037 100,000.00 1.600%1,600.00 101,600.00 -101,600.00 106,680.00 12,432.18 94,247.82
Total $3,100,000.00 -$214,794.58 $3,314,794.58 (13,802.56)$3,300,992.02 $3,466,041.62 $553,187.91 $2,912,853.71
Significant Dates
Dated 5/18/2021
First Coupon Date 2/01/2022
Yield Statistics
Bond Year Dollars $21,038.61
Average Life 6.787 Years
Average Coupon 1.0209542%
Net Interest Cost (NIC)1.1977719%
True Interest Cost (TIC)1.1995371%
Bond Yield for Arbitrage Purposes 1.0136593%
All Inclusive Cost (AIC)1.4959606%
Series 2021A GO Bds CR 13 | Issue Summary | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$1,400,000 General Obligation Bonds, Series 2021A
Road Reconstruction
Debt Service Schedule
Date Principal Coupon Interest Total P+I Fiscal Total
05/18/2021 -----
02/01/2022 --9,777.40 9,777.40 9,777.40
08/01/2022 --6,956.25 6,956.25 -
02/01/2023 90,000.00 0.400%6,956.25 96,956.25 103,912.50
08/01/2023 --6,776.25 6,776.25 -
02/01/2024 90,000.00 0.450%6,776.25 96,776.25 103,552.50
08/01/2024 --6,573.75 6,573.75 -
02/01/2025 90,000.00 0.500%6,573.75 96,573.75 103,147.50
08/01/2025 --6,348.75 6,348.75 -
02/01/2026 90,000.00 0.550%6,348.75 96,348.75 102,697.50
08/01/2026 --6,101.25 6,101.25 -
02/01/2027 90,000.00 0.650%6,101.25 96,101.25 102,202.50
08/01/2027 --5,808.75 5,808.75 -
02/01/2028 90,000.00 0.750%5,808.75 95,808.75 101,617.50
08/01/2028 --5,471.25 5,471.25 -
02/01/2029 90,000.00 0.900%5,471.25 95,471.25 100,942.50
08/01/2029 --5,066.25 5,066.25 -
02/01/2030 95,000.00 1.000%5,066.25 100,066.25 105,132.50
08/01/2030 --4,591.25 4,591.25 -
02/01/2031 95,000.00 1.100%4,591.25 99,591.25 104,182.50
08/01/2031 --4,068.75 4,068.75 -
02/01/2032 95,000.00 1.200%4,068.75 99,068.75 103,137.50
08/01/2032 --3,498.75 3,498.75 -
02/01/2033 95,000.00 1.250%3,498.75 98,498.75 101,997.50
08/01/2033 --2,905.00 2,905.00 -
02/01/2034 95,000.00 1.350%2,905.00 97,905.00 100,810.00
08/01/2034 --2,263.75 2,263.75 -
02/01/2035 95,000.00 1.450%2,263.75 97,263.75 99,527.50
08/01/2035 --1,575.00 1,575.00 -
02/01/2036 100,000.00 1.550%1,575.00 101,575.00 103,150.00
08/01/2036 --800.00 800.00 -
02/01/2037 100,000.00 1.600%800.00 100,800.00 101,600.00
Total $1,400,000.00 -$147,387.40 $1,547,387.40 -
Yield Statistics
Bond Year Dollars $12,388.89
Average Life 8.849 Years
Average Coupon 1.1896741%
Net Interest Cost (NIC)1.3252795%
True Interest Cost (TIC)1.3272428%
Bond Yield for Arbitrage Purposes 1.0136593%
All Inclusive Cost (AIC)1.5583647%
IRS Form 8038
Net Interest Cost 1.1896741%
Weighted Average Maturity 8.849 Years
Series 2021A GO Bds CR 13 | Road Reconstruction | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$1,400,000 General Obligation Bonds, Series 2021A
Road Reconstruction
Net Debt Service Schedule
Date Principal Coupon Interest Total P+I CIF Net New D/S
Fiscal
Total
05/18/2021 -------
02/01/2022 --9,777.40 9,777.40 (9,777.40)--
08/01/2022 --6,956.25 6,956.25 -6,956.25 -
02/01/2023 90,000.00 0.400%6,956.25 96,956.25 -96,956.25 103,912.50
08/01/2023 --6,776.25 6,776.25 -6,776.25 -
02/01/2024 90,000.00 0.450%6,776.25 96,776.25 -96,776.25 103,552.50
08/01/2024 --6,573.75 6,573.75 -6,573.75 -
02/01/2025 90,000.00 0.500%6,573.75 96,573.75 -96,573.75 103,147.50
08/01/2025 --6,348.75 6,348.75 -6,348.75 -
02/01/2026 90,000.00 0.550%6,348.75 96,348.75 -96,348.75 102,697.50
08/01/2026 --6,101.25 6,101.25 -6,101.25 -
02/01/2027 90,000.00 0.650%6,101.25 96,101.25 -96,101.25 102,202.50
08/01/2027 --5,808.75 5,808.75 -5,808.75 -
02/01/2028 90,000.00 0.750%5,808.75 95,808.75 -95,808.75 101,617.50
08/01/2028 --5,471.25 5,471.25 -5,471.25 -
02/01/2029 90,000.00 0.900%5,471.25 95,471.25 -95,471.25 100,942.50
08/01/2029 --5,066.25 5,066.25 -5,066.25 -
02/01/2030 95,000.00 1.000%5,066.25 100,066.25 -100,066.25 105,132.50
08/01/2030 --4,591.25 4,591.25 -4,591.25 -
02/01/2031 95,000.00 1.100%4,591.25 99,591.25 -99,591.25 104,182.50
08/01/2031 --4,068.75 4,068.75 -4,068.75 -
02/01/2032 95,000.00 1.200%4,068.75 99,068.75 -99,068.75 103,137.50
08/01/2032 --3,498.75 3,498.75 -3,498.75 -
02/01/2033 95,000.00 1.250%3,498.75 98,498.75 -98,498.75 101,997.50
08/01/2033 --2,905.00 2,905.00 -2,905.00 -
02/01/2034 95,000.00 1.350%2,905.00 97,905.00 -97,905.00 100,810.00
08/01/2034 --2,263.75 2,263.75 -2,263.75 -
02/01/2035 95,000.00 1.450%2,263.75 97,263.75 -97,263.75 99,527.50
08/01/2035 --1,575.00 1,575.00 -1,575.00 -
02/01/2036 100,000.00 1.550%1,575.00 101,575.00 -101,575.00 103,150.00
08/01/2036 --800.00 800.00 -800.00 -
02/01/2037 100,000.00 1.600%800.00 100,800.00 -100,800.00 101,600.00
Total $1,400,000.00 -$147,387.40 $1,547,387.40 (9,777.40)$1,537,610.00 -
Series 2021A GO Bds CR 13 | Road Reconstruction | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$1,400,000 General Obligation Bonds, Series 2021A
Road Reconstruction
Debt Service Schedule
Date Principal Coupon Interest Total P+I CIF Net New D/S 105% of Total Assessments Levy/(Surplus)
02/01/2022 --9,777.40 9,777.40 (9,777.40)----
02/01/2023 90,000.00 0.400%13,912.50 103,912.50 -103,912.50 109,108.13 18,073.87 91,034.26
02/01/2024 90,000.00 0.450%13,552.50 103,552.50 -103,552.50 108,730.13 17,670.90 91,059.23
02/01/2025 90,000.00 0.500%13,147.50 103,147.50 -103,147.50 108,304.88 17,267.92 91,036.96
02/01/2026 90,000.00 0.550%12,697.50 102,697.50 -102,697.50 107,832.38 16,864.94 90,967.44
02/01/2027 90,000.00 0.650%12,202.50 102,202.50 -102,202.50 107,312.63 16,461.96 90,850.67
02/01/2028 90,000.00 0.750%11,617.50 101,617.50 -101,617.50 106,698.38 16,058.98 90,639.40
02/01/2029 90,000.00 0.900%10,942.50 100,942.50 -100,942.50 105,989.63 15,656.00 90,333.63
02/01/2030 95,000.00 1.000%10,132.50 105,132.50 -105,132.50 110,389.13 15,253.02 95,136.11
02/01/2031 95,000.00 1.100%9,182.50 104,182.50 -104,182.50 109,391.63 14,850.04 94,541.59
02/01/2032 95,000.00 1.200%8,137.50 103,137.50 -103,137.50 108,294.38 14,447.06 93,847.32
02/01/2033 95,000.00 1.250%6,997.50 101,997.50 -101,997.50 107,097.38 14,044.10 93,053.28
02/01/2034 95,000.00 1.350%5,810.00 100,810.00 -100,810.00 105,850.50 13,641.12 92,209.38
02/01/2035 95,000.00 1.450%4,527.50 99,527.50 -99,527.50 104,503.88 13,238.14 91,265.74
02/01/2036 100,000.00 1.550%3,150.00 103,150.00 -103,150.00 108,307.50 12,835.16 95,472.34
02/01/2037 100,000.00 1.600%1,600.00 101,600.00 -101,600.00 106,680.00 12,432.18 94,247.82
Total $1,400,000.00 -$147,387.40 $1,547,387.40 (9,777.40)$1,537,610.00 $1,614,490.50 $228,795.39 $1,385,695.11
Significant Dates
Dated 5/18/2021
First Coupon Date 2/01/2022
Yield Statistics
Bond Year Dollars $12,388.89
Average Life 8.849 Years
Average Coupon 1.1896741%
Net Interest Cost (NIC)1.3252795%
True Interest Cost (TIC)1.3272428%
Bond Yield for Arbitrage Purposes 1.0136593%
All Inclusive Cost (AIC)1.5583647%
Series 2021A GO Bds CR 13 | Road Reconstruction | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$765,000 General Obligation Bonds, Series 2021A
Mill/Overlay
Debt Service Schedule
Date Principal Coupon Interest Total P+I Fiscal Total
05/18/2021 -----
02/01/2022 --4,025.16 4,025.16 4,025.16
08/01/2022 --2,863.75 2,863.75 -
02/01/2023 80,000.00 0.400%2,863.75 82,863.75 85,727.50
08/01/2023 --2,703.75 2,703.75 -
02/01/2024 80,000.00 0.450%2,703.75 82,703.75 85,407.50
08/01/2024 --2,523.75 2,523.75 -
02/01/2025 75,000.00 0.500%2,523.75 77,523.75 80,047.50
08/01/2025 --2,336.25 2,336.25 -
02/01/2026 75,000.00 0.550%2,336.25 77,336.25 79,672.50
08/01/2026 --2,130.00 2,130.00 -
02/01/2027 75,000.00 0.650%2,130.00 77,130.00 79,260.00
08/01/2027 --1,886.25 1,886.25 -
02/01/2028 75,000.00 0.750%1,886.25 76,886.25 78,772.50
08/01/2028 --1,605.00 1,605.00 -
02/01/2029 75,000.00 0.900%1,605.00 76,605.00 78,210.00
08/01/2029 --1,267.50 1,267.50 -
02/01/2030 75,000.00 1.000%1,267.50 76,267.50 77,535.00
08/01/2030 --892.50 892.50 -
02/01/2031 75,000.00 1.100%892.50 75,892.50 76,785.00
08/01/2031 --480.00 480.00 -
02/01/2032 80,000.00 1.200%480.00 80,480.00 80,960.00
Total $765,000.00 -$41,402.66 $806,402.66 -
Yield Statistics
Bond Year Dollars $4,727.63
Average Life 6.180 Years
Average Coupon 0.8757602%
Net Interest Cost (NIC)1.0699381%
True Interest Cost (TIC)1.0748269%
Bond Yield for Arbitrage Purposes 1.0136593%
All Inclusive Cost (AIC)1.3962995%
IRS Form 8038
Net Interest Cost 0.8757602%
Weighted Average Maturity 6.180 Years
Series 2021A GO Bds CR 13 | Mill/Overlay | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$765,000 General Obligation Bonds, Series 2021A
Mill/Overlay
Net Debt Service Schedule
Date Principal Coupon Interest Total P+I CIF
Net New
D/S
Fiscal
Total
05/18/2021 -------
02/01/2022 --4,025.16 4,025.16 (4,025.16)--
08/01/2022 --2,863.75 2,863.75 -2,863.75 -
02/01/2023 80,000.00 0.400%2,863.75 82,863.75 -82,863.75 85,727.50
08/01/2023 --2,703.75 2,703.75 -2,703.75 -
02/01/2024 80,000.00 0.450%2,703.75 82,703.75 -82,703.75 85,407.50
08/01/2024 --2,523.75 2,523.75 -2,523.75 -
02/01/2025 75,000.00 0.500%2,523.75 77,523.75 -77,523.75 80,047.50
08/01/2025 --2,336.25 2,336.25 -2,336.25 -
02/01/2026 75,000.00 0.550%2,336.25 77,336.25 -77,336.25 79,672.50
08/01/2026 --2,130.00 2,130.00 -2,130.00 -
02/01/2027 75,000.00 0.650%2,130.00 77,130.00 -77,130.00 79,260.00
08/01/2027 --1,886.25 1,886.25 -1,886.25 -
02/01/2028 75,000.00 0.750%1,886.25 76,886.25 -76,886.25 78,772.50
08/01/2028 --1,605.00 1,605.00 -1,605.00 -
02/01/2029 75,000.00 0.900%1,605.00 76,605.00 -76,605.00 78,210.00
08/01/2029 --1,267.50 1,267.50 -1,267.50 -
02/01/2030 75,000.00 1.000%1,267.50 76,267.50 -76,267.50 77,535.00
08/01/2030 --892.50 892.50 -892.50 -
02/01/2031 75,000.00 1.100%892.50 75,892.50 -75,892.50 76,785.00
08/01/2031 --480.00 480.00 -480.00 -
02/01/2032 80,000.00 1.200%480.00 80,480.00 -80,480.00 80,960.00
Total $765,000.00 -$41,402.66 $806,402.66 (4,025.16)$802,377.50 -
Series 2021A GO Bds CR 13 | Mill/Overlay | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$765,000 General Obligation Bonds, Series 2021A
Mill/Overlay
Debt Service Schedule
Date Principal Coupon Interest Total P+I CIF
Net New
D/S
105% of
Total Assessments Levy/(Surplus)
02/01/2022 --4,025.16 4,025.16 (4,025.16)----
02/01/2023 80,000.00 0.400%5,727.50 85,727.50 -85,727.50 90,013.88 24,658.39 65,355.49
02/01/2024 80,000.00 0.450%5,407.50 85,407.50 -85,407.50 89,677.88 24,074.88 65,603.00
02/01/2025 75,000.00 0.500%5,047.50 80,047.50 -80,047.50 84,049.88 23,491.36 60,558.52
02/01/2026 75,000.00 0.550%4,672.50 79,672.50 -79,672.50 83,656.13 22,907.84 60,748.29
02/01/2027 75,000.00 0.650%4,260.00 79,260.00 -79,260.00 83,223.00 22,324.32 60,898.68
02/01/2028 75,000.00 0.750%3,772.50 78,772.50 -78,772.50 82,711.13 21,740.80 60,970.33
02/01/2029 75,000.00 0.900%3,210.00 78,210.00 -78,210.00 82,120.50 21,157.28 60,963.22
02/01/2030 75,000.00 1.000%2,535.00 77,535.00 -77,535.00 81,411.75 20,573.76 60,837.99
02/01/2031 75,000.00 1.100%1,785.00 76,785.00 -76,785.00 80,624.25 19,990.24 60,634.01
02/01/2032 80,000.00 1.200%960.00 80,960.00 -80,960.00 85,008.00 19,406.72 65,601.28
Total $765,000.00 -$41,402.66 $806,402.66 (4,025.16)$802,377.50 $842,496.38 $220,325.59 $622,170.79
Significant Dates
Dated 5/18/2021
First Coupon Date 2/01/2022
Yield Statistics
Bond Year Dollars $4,727.63
Average Life 6.180 Years
Average Coupon 0.8757602%
Net Interest Cost (NIC)1.0699381%
True Interest Cost (TIC)1.0748269%
Bond Yield for Arbitrage Purposes 1.0136593%
All Inclusive Cost (AIC)1.3962995%
Series 2021A GO Bds CR 13 | Mill/Overlay | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$935,000 General Obligation Bonds, Series 2021A
Current Ref 2013B GO Imp
Debt Service Schedule
Date Principal Coupon Interest Total P+I Fiscal Total
05/18/2021 -----
02/01/2022 120,000.00 0.350%3,737.02 123,737.02 123,737.02
08/01/2022 --2,448.75 2,448.75 -
02/01/2023 115,000.00 0.400%2,448.75 117,448.75 119,897.50
08/01/2023 --2,218.75 2,218.75 -
02/01/2024 120,000.00 0.450%2,218.75 122,218.75 124,437.50
08/01/2024 --1,948.75 1,948.75 -
02/01/2025 115,000.00 0.500%1,948.75 116,948.75 118,897.50
08/01/2025 --1,661.25 1,661.25 -
02/01/2026 115,000.00 0.550%1,661.25 116,661.25 118,322.50
08/01/2026 --1,345.00 1,345.00 -
02/01/2027 115,000.00 0.650%1,345.00 116,345.00 117,690.00
08/01/2027 --971.25 971.25 -
02/01/2028 115,000.00 0.750%971.25 115,971.25 116,942.50
08/01/2028 --540.00 540.00 -
02/01/2029 120,000.00 0.900%540.00 120,540.00 121,080.00
Total $935,000.00 -$26,004.52 $961,004.52 -
Yield Statistics
Bond Year Dollars $3,922.10
Average Life 4.195 Years
Average Coupon 0.6630259%
Net Interest Cost (NIC)0.9490973%
True Interest Cost (TIC)0.9556885%
Bond Yield for Arbitrage Purposes 1.0136593%
All Inclusive Cost (AIC)1.4240807%
IRS Form 8038
Net Interest Cost 0.6630259%
Weighted Average Maturity 4.195 Years
Series 2021A GO Bds CR 13 | Current Ref 2013B GO Imp | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$935,000 General Obligation Bonds, Series 2021A
Current Ref 2013B GO Imp
Net Debt Service Schedule
Date Principal Coupon Interest Total P+I
Net New
D/S
Fiscal
Total
05/18/2021 ------
02/01/2022 120,000.00 0.350%3,737.02 123,737.02 123,737.02 123,737.02
08/01/2022 --2,448.75 2,448.75 2,448.75 -
02/01/2023 115,000.00 0.400%2,448.75 117,448.75 117,448.75 119,897.50
08/01/2023 --2,218.75 2,218.75 2,218.75 -
02/01/2024 120,000.00 0.450%2,218.75 122,218.75 122,218.75 124,437.50
08/01/2024 --1,948.75 1,948.75 1,948.75 -
02/01/2025 115,000.00 0.500%1,948.75 116,948.75 116,948.75 118,897.50
08/01/2025 --1,661.25 1,661.25 1,661.25 -
02/01/2026 115,000.00 0.550%1,661.25 116,661.25 116,661.25 118,322.50
08/01/2026 --1,345.00 1,345.00 1,345.00 -
02/01/2027 115,000.00 0.650%1,345.00 116,345.00 116,345.00 117,690.00
08/01/2027 --971.25 971.25 971.25 -
02/01/2028 115,000.00 0.750%971.25 115,971.25 115,971.25 116,942.50
08/01/2028 --540.00 540.00 540.00 -
02/01/2029 120,000.00 0.900%540.00 120,540.00 120,540.00 121,080.00
Total $935,000.00 -$26,004.52 $961,004.52 $961,004.52 -
Series 2021A GO Bds CR 13 | Current Ref 2013B GO Imp | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$935,000 General Obligation Bonds, Series 2021A
Current Ref 2013B GO Imp
Debt Service Comparison
Date Total P+I
Net New
D/S Old Net D/S Savings
02/01/2022 123,737.02 123,737.02 136,777.50 13,040.48
02/01/2023 119,897.50 119,897.50 134,937.50 15,040.00
02/01/2024 124,437.50 124,437.50 137,925.00 13,487.50
02/01/2025 118,897.50 118,897.50 135,525.00 16,627.50
02/01/2026 118,322.50 118,322.50 133,125.00 14,802.50
02/01/2027 117,690.00 117,690.00 134,975.00 17,285.00
02/01/2028 116,942.50 116,942.50 131,693.76 14,751.26
02/01/2029 121,080.00 121,080.00 133,412.50 12,332.50
Total $961,004.52 $961,004.52 $1,078,371.26 $117,366.74
PV Analysis Summary (Net to Net)
Gross PV Debt Service Savings.....................110,898.96
Net PV Cashflow Savings @ 1.424%(AIC)............110,898.96
Total Cash contribution...........................(70,000.00)
Contingency or Rounding Amount....................(972.71)
Net Present Value Benefit $39,926.25
Net PV Benefit / $1,034,297.09 PV Refunded Debt Service 3.860%
Net PV Benefit / $970,000 Refunded Principal...4.116%
Net PV Benefit / $935,000 Refunding Principal..4.270%
Refunding Bond Information
Refunding Dated Date 5/18/2021
Refunding Delivery Date 5/18/2021
Series 2021A GO Bds CR 13 | Current Ref 2013B GO Imp | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$935,000 General Obligation Bonds, Series 2021A
Current Ref 2013B GO Imp
Current Refunding Escrow
Date Rate Receipts Disbursements
Cash
Balance
05/18/2021 -977,259.17 -977,259.17
06/01/2021 --977,259.17 -
Total -$977,259.17 $977,259.17 -
Investment Parameters
Investment Model [PV, GIC, or Securities]Securities
Default investment yield target Unrestricted
Cash Deposit 977,259.17
Total Cost of Investments $977,259.17
Target Cost of Investments at bond yield $976,902.42
Actual positive or (negative) arbitrage (356.75)
Yield to Receipt -
Yield for Arbitrage Purposes 1.0136593%
Series 2021A GO Bds CR 13 | Current Ref 2013B GO Imp | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$1,775,000 General Obligation Improvement Bonds, Series 2013B
Total Refunded Debt Service
Date Principal Coupon Interest Total P+I Fiscal Total
08/01/2021 --10,888.75 10,888.75 -
02/01/2022 115,000.00 1.600%10,888.75 125,888.75 136,777.50
08/01/2022 --9,968.75 9,968.75 -
02/01/2023 115,000.00 1.750%9,968.75 124,968.75 134,937.50
08/01/2023 --8,962.50 8,962.50 -
02/01/2024 120,000.00 2.000%8,962.50 128,962.50 137,925.00
08/01/2024 --7,762.50 7,762.50 -
02/01/2025 120,000.00 2.000%7,762.50 127,762.50 135,525.00
08/01/2025 --6,562.50 6,562.50 -
02/01/2026 120,000.00 2.625%6,562.50 126,562.50 133,125.00
08/01/2026 --4,987.50 4,987.50 -
02/01/2027 125,000.00 2.625%4,987.50 129,987.50 134,975.00
08/01/2027 --3,346.88 3,346.88 -
02/01/2028 125,000.00 2.625%3,346.88 128,346.88 131,693.76
08/01/2028 --1,706.25 1,706.25 -
02/01/2029 130,000.00 2.625%1,706.25 131,706.25 133,412.50
Total $970,000.00 -$108,371.26 $1,078,371.26 -
Yield Statistics
Base date for Avg. Life & Avg. Coupon Calculation 5/18/2021
Average Life 4.290 Years
Average Coupon 2.4484859%
Weighted Average Maturity (Par Basis) 4.290 Years
Weighted Average Maturity (Original Price Basis) 4.290 Years
Refunding Bond Information
Refunding Dated Date 5/18/2021
Refunding Delivery Date 5/18/2021
2013B GO Imp Bonds CR 202 | SINGLE PURPOSE | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$1,775,000 General Obligation Improvement Bonds, Series 2013B
Debt Service To Maturity And To Call
Date
Refunded
Bonds
Refunded
Interest D/S To Call Principal Coupon Interest
Refunded
D/S
05/18/2021 -------
06/01/2021 970,000.00 7,259.17 977,259.17 ----
08/01/2021 -----10,888.75 10,888.75
02/01/2022 ---115,000.00 1.600%10,888.75 125,888.75
08/01/2022 -----9,968.75 9,968.75
02/01/2023 ---115,000.00 1.750%9,968.75 124,968.75
08/01/2023 -----8,962.50 8,962.50
02/01/2024 ---120,000.00 2.000%8,962.50 128,962.50
08/01/2024 -----7,762.50 7,762.50
02/01/2025 ---120,000.00 2.000%7,762.50 127,762.50
08/01/2025 -----6,562.50 6,562.50
02/01/2026 ---120,000.00 2.625%6,562.50 126,562.50
08/01/2026 -----4,987.50 4,987.50
02/01/2027 ---125,000.00 2.625%4,987.50 129,987.50
08/01/2027 -----3,346.88 3,346.88
02/01/2028 ---125,000.00 2.625%3,346.88 128,346.88
08/01/2028 -----1,706.25 1,706.25
02/01/2029 ---130,000.00 2.625%1,706.25 131,706.25
Total $970,000.00 $7,259.17 $977,259.17 $970,000.00 -$108,371.26 $1,078,371.26
Yield Statistics
Base date for Avg. Life & Avg. Coupon Calculation 5/18/2021
Average Life 4.290 Years
Average Coupon 2.4484859%
Weighted Average Maturity (Par Basis) 4.290 Years
Weighted Average Maturity (Original Price Basis) 4.290 Years
Refunding Bond Information
Refunding Dated Date 5/18/2021
Refunding Delivery Date 5/18/2021
2013B GO Imp Bonds CR 202 | SINGLE PURPOSE | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$1,775,000 General Obligation Improvement Bonds, Series 2013B
Prior Original Debt Service
Date Principal Coupon Interest Total P+I Fiscal Total
02/01/2021 -----
08/01/2021 --10,888.75 10,888.75 -
02/01/2022 115,000.00 1.600%10,888.75 125,888.75 136,777.50
08/01/2022 --9,968.75 9,968.75 -
02/01/2023 115,000.00 1.750%9,968.75 124,968.75 134,937.50
08/01/2023 --8,962.50 8,962.50 -
02/01/2024 120,000.00 2.000%8,962.50 128,962.50 137,925.00
08/01/2024 --7,762.50 7,762.50 -
02/01/2025 120,000.00 2.000%7,762.50 127,762.50 135,525.00
08/01/2025 --6,562.50 6,562.50 -
02/01/2026 120,000.00 2.625%6,562.50 126,562.50 133,125.00
08/01/2026 --4,987.50 4,987.50 -
02/01/2027 125,000.00 2.625%4,987.50 129,987.50 134,975.00
08/01/2027 --3,346.88 3,346.88 -
02/01/2028 125,000.00 2.625%3,346.88 128,346.88 131,693.76
08/01/2028 --1,706.25 1,706.25 -
02/01/2029 130,000.00 2.625%1,706.25 131,706.25 133,412.50
Total $970,000.00 -$108,371.26 $1,078,371.26 -
Yield Statistics
Base date for Avg. Life & Avg. Coupon Calculation 5/18/2021
Average Life 4.290 Years
Average Coupon 2.4484859%
Weighted Average Maturity (Par Basis) 4.290 Years
Weighted Average Maturity (Original Price Basis) 4.290 Years
Refunding Bond Information
Refunding Dated Date 5/18/2021
Refunding Delivery Date 5/18/2021
2013B GO Imp Bonds CR 202 | SINGLE PURPOSE | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$935,000 General Obligation Bonds, Series 2021A
Current Ref 2013B GO Imp
Debt Service Schedule
Date Principal Coupon Interest Total P+I 105% of Total Assessments Levy/(Surplus)
02/01/2022 120,000.00 0.350%3,737.02 123,737.02 129,923.87 14,518.91 115,404.96
02/01/2023 115,000.00 0.400%4,897.50 119,897.50 125,892.38 14,087.32 111,805.06
02/01/2024 120,000.00 0.450%4,437.50 124,437.50 130,659.38 13,655.74 117,003.64
02/01/2025 115,000.00 0.500%3,897.50 118,897.50 124,842.38 13,224.16 111,618.22
02/01/2026 115,000.00 0.550%3,322.50 118,322.50 124,238.63 12,792.58 111,446.05
02/01/2027 115,000.00 0.650%2,690.00 117,690.00 123,574.50 12,361.00 111,213.50
02/01/2028 115,000.00 0.750%1,942.50 116,942.50 122,789.63 11,929.40 110,860.23
02/01/2029 120,000.00 0.900%1,080.00 121,080.00 127,134.00 11,497.82 115,636.18
Total $935,000.00 -$26,004.52 $961,004.52 $1,009,054.75 $104,066.93 $904,987.82
Significant Dates
Dated 5/18/2021
First Coupon Date 2/01/2022
Yield Statistics
Bond Year Dollars $3,922.10
Average Life 4.195 Years
Average Coupon 0.6630259%
Net Interest Cost (NIC)0.9490973%
True Interest Cost (TIC)0.9556885%
Bond Yield for Arbitrage Purposes 1.0136593%
All Inclusive Cost (AIC)1.4240807%
Series 2021A GO Bds CR 13 | Current Ref 2013B GO Imp | 2/19/2021 | 12:38 PM
City of St Anthony, Minnesota
$457,200 General Obligation Street Reconstruction Bonds, Series 2020A
Issue Summary - Assessments
2.00% over TIC - Equal Principal
Assessments
Date Principal Coupon Interest Total P+I
12/31/2021 11,066.24 3.900%3,452.67 14,518.91
12/31/2022 41,918.64 3.383%14,900.94 56,819.58
12/31/2023 41,918.64 3.383%13,482.88 55,401.52
12/31/2024 41,918.64 3.383%12,064.80 53,983.44
12/31/2025 41,918.64 3.383%10,646.72 52,565.36
12/31/2026 41,918.64 3.383%9,228.64 51,147.28
12/31/2027 41,918.64 3.383%7,810.54 49,729.18
12/31/2028 41,918.64 3.383%6,392.46 48,311.10
12/31/2029 30,852.40 3.197%4,974.38 35,826.78
12/31/2030 30,852.40 3.197%3,987.88 34,840.28
12/31/2031 30,852.40 3.197%3,001.38 33,853.78
12/31/2032 12,029.20 3.350%2,014.90 14,044.10
12/31/2033 12,029.20 3.350%1,611.92 13,641.12
12/31/2034 12,029.20 3.350%1,208.94 13,238.14
12/31/2035 12,029.20 3.350%805.96 12,835.16
12/31/2036 12,029.20 3.350%402.98 12,432.18
Total $457,199.92 -$95,987.99 $553,187.91
Significant Dates
Filing Date 1/01/2022
First Payment Date 12/31/2021
Series 2021A GO Bonds - A | Issue Summary | 2/19/2021 | 12:37 PM
City of St Anthony, Minnesota
$180,438 General Obligation Street Reconstruction Bonds, Series 2020A
Road Reconstruction - Assessments
2.00% over TIC - Equal Principal
Assessments
Date Principal Coupon Interest Total P+I
12/31/2022 12,029.20 3.350%6,044.67 18,073.87
12/31/2023 12,029.20 3.350%5,641.70 17,670.90
12/31/2024 12,029.20 3.350%5,238.72 17,267.92
12/31/2025 12,029.20 3.350%4,835.74 16,864.94
12/31/2026 12,029.20 3.350%4,432.76 16,461.96
12/31/2027 12,029.20 3.350%4,029.78 16,058.98
12/31/2028 12,029.20 3.350%3,626.80 15,656.00
12/31/2029 12,029.20 3.350%3,223.82 15,253.02
12/31/2030 12,029.20 3.350%2,820.84 14,850.04
12/31/2031 12,029.20 3.350%2,417.86 14,447.06
12/31/2032 12,029.20 3.350%2,014.90 14,044.10
12/31/2033 12,029.20 3.350%1,611.92 13,641.12
12/31/2034 12,029.20 3.350%1,208.94 13,238.14
12/31/2035 12,029.20 3.350%805.96 12,835.16
12/31/2036 12,029.20 3.350%402.98 12,432.18
Total $180,438.00 -$48,357.39 $228,795.39
Significant Dates
Filing Date 1/01/2022
First Payment Date 12/31/2022
Series 2021A GO Bonds - A | Road Reconstruction | 2/19/2021 | 12:37 PM
City of St Anthony, Minnesota
$188,232 General Obligation Street Reconstruction Bonds, Series 2020A
Mill/Overlay - Assessments
2.00% over TIC - Equal Principal
Assessments
Date Principal Coupon Interest Total P+I
12/31/2022 18,823.20 3.100%5,835.19 24,658.39
12/31/2023 18,823.20 3.100%5,251.68 24,074.88
12/31/2024 18,823.20 3.100%4,668.16 23,491.36
12/31/2025 18,823.20 3.100%4,084.64 22,907.84
12/31/2026 18,823.20 3.100%3,501.12 22,324.32
12/31/2027 18,823.20 3.100%2,917.60 21,740.80
12/31/2028 18,823.20 3.100%2,334.08 21,157.28
12/31/2029 18,823.20 3.100%1,750.56 20,573.76
12/31/2030 18,823.20 3.100%1,167.04 19,990.24
12/31/2031 18,823.20 3.100%583.52 19,406.72
Total $188,232.00 -$32,093.59 $220,325.59
Significant Dates
Filing Date 1/01/2022
First Payment Date 12/31/2022
Series 2021A GO Bonds - A | Mill/Overlay | 2/19/2021 | 12:37 PM
City of St Anthony, Minnesota
$88,530 General Obligation Street Reconstruction Bonds, Series 2020A
Current Ref 2013B GO Imp - Remaining Assessments - Assessments
3.90%
Assessments
Date Principal Coupon Interest Total P+I
12/31/2021 11,066.24 3.900%3,452.67 14,518.91
12/31/2022 11,066.24 3.900%3,021.08 14,087.32
12/31/2023 11,066.24 3.900%2,589.50 13,655.74
12/31/2024 11,066.24 3.900%2,157.92 13,224.16
12/31/2025 11,066.24 3.900%1,726.34 12,792.58
12/31/2026 11,066.24 3.900%1,294.76 12,361.00
12/31/2027 11,066.24 3.900%863.16 11,929.40
12/31/2028 11,066.24 3.900%431.58 11,497.82
Total $88,529.92 -$15,537.01 $104,066.93
Significant Dates
Filing Date 1/01/2021
First Payment Date 12/31/2021
Series 2021A GO Bonds - A | Current Ref 2013B GO Imp | 2/19/2021 | 12:37 PM
3. Policy on use of City Parking Lots
Our mission is to be a progressive and welcoming
Village that is walkable, sustainable and safe
3301 Silver Lake Road, St. Anthony, MN 55418 612-782-3301 | www.savmn.com
Special Event Permit
What kind of event needs this permit?
If your event fits one or more of these criteria, this permit is needed:
- Expected attendance of more than 100 people and open to the general public
- Event is requesting the use of city property and/or street closures
- There will be amplified live or pre-recorded music
- There will be the sale of alcoholic beverages
Complete this application and return it to the City Clerk’s Office at least 45 days prior to the
starting date of the event. Issuance of a Special Event Permit does not, in any way, imply City
sponsorship of the Special Event.
Please be aware that issuance of a Special Event Permit does not constitute a waiver of any
Federal, State or Local laws. Applicants are responsible for complying with all applicable
Federal, State, and Local laws.
Name of Special Event ________________________________________________________________
Name of Applicant or Organization ____________________________________________________
Main Contact
Name _____________________________________________ Daytime Phone __________________
Address _____________________________________ City ______________State ____ ZIP _______
Email Address _______________________________________________________________________
Event Information
Starting Date & Time _______________________ Ending Date & Time _______________________
Estimated Event Attendance ________________ Location __________________________________
Is the event in coordination with another event? ☐No ☐Yes (Event) _______________________
Provide a detailed description of all activities that will take place:
Our mission is to be a progressive and welcoming
Village that is walkable, sustainable and safe
3301 Silver Lake Road, St. Anthony, MN 55418 612-782-3301 | www.savmn.com
Location(s) of event parking____________________________________________________________
Amplified Sound? ☐No ☐Yes Provide a description of any recording and sound amplification
equipment to be used at your event and the times:
Restrooms provided? ☐No ☐Yes How many? _____
Company contracted for restrooms _____________________________________________________
Trash Disposal? ☐No ☐Yes
Company contracted for trash disposal _________________________________________________
Event Security Plans
Applicant is responsible for event security. Additional security may be stipulated by the Police
Department. If you have questions about the amount of security to provide, please contact the
Police Department at 612-782-3350.
If event security will be provided by the applicant, please explain arrangements:
If requesting the Police Department to provide security, please provide details:
Date ______________ Time ___________ to __________ Number of Officers ________
Date ______________ Time ___________ to __________ Number of Officers ________
Date ______________ Time ___________ to __________ Number of Officers ________
Emergency Services
If event security will be provided by the applicant, please explain arrangements:
Park Use
Name of Park __________________________________
If park shelter(s) are requested, please contact Community Services through the link below:
https://stanthony.ce.eleyo.com/facilities/calendar
PAGE | 3 OF 4
Indemnification Agreement and Insurance Information
The applicant hereby agrees to save, defend, hold harmless, and indemnify the City of St.
Anthony Village and all of its officers, departments, agencies, agents, and employees
(collectively the “City”) from and against any and all claims, losses, damages, injuries, fines,
penalties, and costs, including attorneys’ fees, charges, liability, or other exposures, however
caused, resulting from, arising out of, or in any way related to the applicant’s event as herein
described and applicant’s use of City property and/or right-of-way. Nothing herein shall have
any effect on the City’s right to assert any liability defense in accordance with Minnesota
Statutes, Chapter 466.
The City, in its sole discretion, may require the Applicant to obtain liability insurance
coverage(s) for any event. If the City notifies the Applicant in writing that liability insurance is
required, the Applicant must provide proof of the appropriate liability insurance(s) in the
amount(s) provided herein.
The Applicant must provide the City with a Certificate of Insurance showing proof of the
required liability insurance(s). The City must be listed as an additional insured on all liability
policies. Applicant’s insurance shall act as the primary insurance coverage for any claims of loss
covered by the insurance policy.
The City requires the Applicant to obtain any or all of the following insurance coverage, in at
least the coverage amounts contained herein:
1. Commercial general liability insurance or equivalent special event coverage protecting
Applicant and City from claims for damages or bodily injury and property damage
which may arise out of or in connection with the event’s operation and use of the City’s
property or right-of-way. This general liability insurance policy shall be in an amount
not less than $1,000,000.00 per occurrence.
2. If Applicant will be using an automobile for any portion of the Applicant’s event,
Applicant must obtain automobile liability insurance in an amount not less than
$1,000,000.00 per occurrence. Such policy must include liability coverage for owned,
nonowned, and hired automobiles.
3. If alcohol will be served or included in Applicant’s event, Applicant must obtain liquor
liability (also known as dram shop) insurance in an amount not less than $1,000,000.00
per occurrence.
The City reserves the right to modify these insurance requirements at its sole discretion based
on the nature and scope of Applicant’s proposed event.
PAGE | 4 OF 4
Required Attachments
Must be attached to the Special Event Permit Application when submitted, as applicable:
☐ An event map showing requested use of streets and/or sidewalks (for a parade, run, etc.) or
will use multiple locations. Attach a complete map showing assembly and dispersal
locations, route plan, and any streets or parking lots you are requesting be blocked.
☐ Temporary Liquor License application is required for the sale of alcoholic beverages. MN
State Statute 340A.404 (10) The governing body of a municipality may issue to (1) a club or
charitable, religious, or other nonprofit organization in existence for at least three years, (2) a
political committee registered under section 10A.14, or (3) a state university, a temporary
license for the on-sale of intoxicating liquor in connection with a social event within the
municipality sponsored by the licensee.
☐ If the organization is a registered non-profit, a copy of the IRS determination letter.
Signature of Event Applicant
I understand that I am required to obtain insurance coverage as outlined herein before the City will approve my use
of City property or right-of way. I hereby agree to obtain such coverage as the City may deem necessary and to
provide City all necessary documentation of such insurance coverage. I further certify under the penalty of perjury
that I am authorized to execute contracts and other instruments and legally bind the Applicant.
Signature of Event Applicant _________________________________________ Date ___________
Printed Name and Title of Event Applicant _____________________________________________
In granting or denying the permit, the City Council will consider the type and size of the group for which the permit
is requested, the extent to which the group involves city residents and their use of city park facilities, the anticipated
effect upon other users of the park and adjacent residential properties, the likelihood of damage to park property and
any other facts relevant to the health, safety, and general welfare of the residents of the city. The City Council
reserves the right to deny any permit or to add conditions to any permit which it grants.
For City Use Only
Please return this page with your signature and comments to the City Clerk as soon as possible
Department Signature of Approval Date Staff Comments
Public Works ______________________ ___________
Fire Department ______________________ ___________
Police Department ______________________ ___________
Administration ______________________ ___________