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HomeMy WebLinkAboutCC WS PACKET 05232023CITY OF SAINT ANTHONY VILLAGE WORKSESSION AGENDA Tuesday, May 23, 2023 at 5:45PM Join Meeting via Zoom There is also a dial -in option available. Members of the public who wish to attend the meeting may do so in person. Minutes Approval Of CC WS Meeting Minutes WS 3 -28 -23.PDF Worksession Topics Debt Levy/Updated Street Improvement Plan COVER MEMO.PDF ATTACHMENT 1.PDF ATTACHMENT 2.PDF ATTACHMENT 3.PDF Future Worksession Dates, Times And Agenda Items Future Agenda Items FUTURE AGENDA ITEMS.PDF Adjournment If you would like to request special accommodations or alternative formats, please contact the City Clerk at 612 -782 -3313 or email city@savmn.com . People who are deaf or hard of hearing can contact us by using 711 Relay. Our Mission is to promote a high quality of life to those we serve through outstanding city services. 1. A. Documents: 2. A. Documents: 3. A. Documents: 4. CITY OF SAINT ANTHONY VILLAGEWORKSESSION AGENDATuesday, May 23, 2023 at 5:45PMJoin Meeting via ZoomThere is also a dial -in option available. Members of the public who wish to attend the meeting may do so in person. MinutesApproval Of CC WS Meeting MinutesWS 3 -28 -23.PDFWorksession TopicsDebt Levy/Updated Street Improvement PlanCOVER MEMO.PDFATTACHMENT 1.PDFATTACHMENT 2.PDFATTACHMENT 3.PDFFuture Worksession Dates, Times And Agenda ItemsFuture Agenda ItemsFUTURE AGENDA ITEMS.PDFAdjournmentIf you would like to request special accommodations or alternative formats, please contact the City Clerk at 612 -782 -3313 or email city@savmn.com . People who are deaf or hard of hearing can contact us by using 711 Relay. Our Mission is to promote a high quality of life to those we serve through outstanding city services. 1.A.Documents:2.A.Documents:3.A.Documents:4. City of St. Anthony CITY COUNCIL WORK SESSION Minutes March 28, 2023 Present: Mayor & Council: Randy Stille, Mayor, Bernard Walker, Thomas Randle, Wendy Webster, Jan Jenson, Councilmembers Absent: None Staff: Steve Grittman, City Planner, Nicole Miller, Assistant to the City Manager Call to Order: Mayor Stille called the Work Session to order at 6:01 p.m. Code Committee: City Planner, Steve Grittman provided a summary of code changes the Code Review Committee has drafted. The code changes related to: residential parking, temporary structures, temporary signs, amendment to penalty clause and other modifications to the code the committee plans to bring forward in the future. Residential parking: Council discussed proposed amendments to residential parking. They discussed some edits that were needed to the diagram and were interested in hearing the Planning Commission’s recommendations as it related to parking in the rear yards. The council supported brining the code amendments to the Planning Commission for discussion. Temporary Structures: Council discussed temporary structure code amendments and by consensus agreed to move this item to Planning Commission for discussion. Temporary signs: Council discussed different types of temporary signs that are located in all zoning districts with the city. Council was in consensus that standards should be set for temporary signs, and supports bringing code amendments to the Planning Commission for discussion. Council supports staff in creating plan to communicate code changes to residents and business owners, beginning with education. Staff will update proposed changes and bring this group of code amendments to a Public Hearing at the Planning Commission. Future Work Sessions: Next Work Session will be held on March 30th, 2022, at 6:00pm in the Council Chambers. Adjournment: The meeting adjourned at 6:55 p.m. Respectfully submitted by Nicole Miller, Assistant to the City Manager. THIS PAGE LEFT INTENTIONALLY BLANK MEMORANDUM To:St. Anthony Village City Council From:Shelly Rueckert, Finance Director and Charlie Yunker, City Manager Date:May 23, 2023 City Council Work Session Request:Future Street Improvement plan / 2024 Debt Levy / Future BACKGROUND The last step of the Peak to Plateau debt plan was the bonding of the 2022 street improvement. The Phase II plan Street Improvements had 2023 as an off year for Street improvements. Again, the goal associated with Phase II is a modified pace of improvements to reduce reliance on bond financing and transition to levy support for construction cost. PHASE II This second phase continues to stabilize the street improvement program’s impact on the annual levy, while also reducing the reliance on debt to fund construction costs The 2024 Annual Street improvement program had one timing change from the prior years plan. Townview Ave will move up and be reconstructed in 2024 vs 2025 with 31st Ave. being delayed from 2024 to 2025. Other streets scheduled dates are consistent with prior years plan. The 2024 Street project includes a street reconstruction, mill and overlays and alleys (see attachment 1 for details). The transitioning of the debt levy to infrastructure levy begins with 2024 Levy. The 2024 debt levy certified will be $2,136,734. This is a decrease of $350,447 compared to the 2023 debt levy. This decrease in levy will allow the City to increase its Infrastructure Levy by the same sum. The result being the levy impact of the street improvement program will be again be a combined flat levy for a fifth consecutive year. The 2024 debt levy modeling has been updated to current bond interest rates plus 50 basis points for 2024 and plus 100 basis point for future years. The construction costs were rebased using current bid prices and anticipated construction cost inflation at 6%. The transition from debt to levy financing models the current estimated costs and resulting annual debt service. The plan has been modified to maintain a flat levy through 2030. After that point it the opportunity to build an increase into the reoccurring infrastructure has greater feasibly. It is important to note that Phase II will still be on track to make gains in debt reduction and stabilize levy impacts. Also, the plan has the ability to flex to accommodate economic challenges as they present themselves. The snap shot below demonstrates updated phase II projected results: The chart below reflects the updated figures for the transition Debt Levy to Infrastructure levy, along with the use of the Infrastructure levy to reduce or replace bond financing: DISCUSSION ITEMS FOR COUNCIL FEEDBACK Below are the specific items for discussion and feedback for the City Council: Does the Council support the 2024 scheduled Street improvements and 2024 Debt levy as contained herein? Any other aspects of the Street program/financing Staff should consider? ATTACHMENTS: 1)Current Street improvement plan 2)Phase II Debt Levy plan – extending street project schedule 3)2024A Bond projected issue summary THIS PAGE LEFT INTENTIONALLY BLANK ANNUAL STREET PROGRAM DETAILED COSTS ATTACHMENT 1 BASE BASE Inflation PROJECTED PROJECTED Year Road From To Street Length Improvement COST PER FT COST PER FT adjusted Factor COST PER FT Cost Est Assessments net city cost PP SA Bond size Bond 2021 Skycroft Drive 33rd Avenue 32nd Avenue 600 Reconstruct 1,167.23 700,340 1,167.23 700,340 - 700,340 - 700,340 2021 Croft Drive 33rd Avenue 32nd Avenue 600 Reconstruct 1,167.23 700,340 1,167.23 700,340 - 700,340 - 700,340 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 2,241,000 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 2,240,551 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 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 15,000 2022 Rankin Road 31st Avenue 33rd Avenue 1370 Reconstruct 1,448.88 1,984,966 1.00 1,448.88 1,984,966 239,241 1,745,725 71,772 1,913,193 2022 East Gate Road Crestview Drive Rankin Road 360 Mill / Overlay 82.10 29,556 1.00 82.10 29,556 8,176 21,380 2,453 27,103 2022 Crest View Drive 29th Avenue 31st Avenue 1490 Mill / Overlay 82.10 122,329 1.00 82.10 122,329 47,423 74,906 14,227 108,102 2,438,000 2022 Bell Lane Armour Terrace Crestview Drive 660 Mill / Overlay 82.10 54,186 1.00 82.10 54,186 21,259 32,927 6,378 47,808 $2,437,331.41 2022 Armour Terrace Silver Lake Road Crestview Drive 1580 Mill / Overlay 82.10 129,718 1.00 82.10 129,718 49,058 80,660 14,717 115,001 2022 Alley (south of 29th) 29th Avenue Alley (west of Roosevelt) 350 A, Mill / Overlay 201.44 70,504 1.00 201.44 70,504 52,023 18,481 15,607 54,897 2022 Alley (west of Roosevelt)Roosevelt Street West Terminus 310 A, Mill / Overlay 201.44 62,446 1.00 201.44 62,446 55,489 6,958 16,647 45,800 2022 Alley (south of 29th) 29th Avenue Murray Avenue 300 A, Mill / Overlay 201.44 60,432 1.00 201.44 60,432 19,984 40,448 5,995 54,437 19.60% 2023 OFF YEAR 2024 Townview Avenue Silver Lake Road Rankin Road 1280 Reconstruct 1,308.21$ 0.966 1,263.73$ 1.12 1,415.38$ 1,811,684.56$ 441,329 1,370,355 110,332 1,701,352 2024 Alley (south of Pahl) Roosevelt Street Wilson Street 760 A, Mill / Overlay 201.44$ 0.966 194.59$ 1.12 217.94$ 165,635.89$ 85,456 80,179 29,910 135,726 2024 Alley (north of Pahl) Roosevelt Street Wilson Street 770 A, Mill / Overlay 201.44$ 0.966 194.59$ 1.12 217.94$ 167,815.31$ 85,456 82,359 29,910 137,906 2024 Alley (south of Pahl) Wilson Street 27th Avenue 480 A, Mill / Overlay 201.44$ 0.966 194.59$ 1.12 217.94$ 104,612.14$ 50,497 54,115 17,674 86,938 1,805,000 15 yr bond 2024 Alley (north of Pahl) Wilson Street 27th Avenue 650 A, Mill / Overlay 201.44$ 0.966 194.59$ 1.12 217.94$ 141,662.28$ 66,035 75,628 23,112 118,550 1,455,000 10 yr bond 2024 Roosevelt Street 35th Street County Road D 1560 Mill / Overlay 161.18$ 0.966 155.70$ 1.12 174.39$ 272,046.15$ 73,260 198,786 25,641 246,405 3,260,000 2024 35th Street Stinson Boulevard Belden Drive 1290 Mill / Overlay 161.18$ 0.966 155.70$ 1.12 174.39$ 224,961.24$ 25,641 199,320 8,974 215,987 2024 Roosevelt Street 34th Avenue 35th Avenue 630 Mill / Overlay 161.18$ 0.966 155.70$ 1.12 174.39$ 109,864.79$ 25,641 84,224 8,974 100,890 2024 Edward Street 34th Avenue 35th Avenue 630 Mill / Overlay 161.18$ 0.966 155.70$ 1.12 174.39$ 109,864.79$ 21,978 87,887 7,692 102,172 2024 Harding Street 34th Avenue 36th Avenue 1430 Mill / Overlay 161.18$ 0.966 155.70$ 1.12 174.39$ 249,375.64$ 49,451 199,925 17,308 232,068 27.54% 2025 31st Avenue Silver Lake Road Rankin Road 1280 Reconstruct 1,415.38$ 1,415.38$ 1.06 1,500.30$ 1,920,385.63$ 517,931 1,402,454 129,483 1,790,903 2025 30th Avenue Wilson Street Silver Lake Road 1270 Mill / Overlay 174.39$ 174.39$ 1.06 184.85$ 234,761.88$ 124,223 110,538 43,478 191,284 2025 W Armour Terrace Roosevelt Street Silver Lake Road 1840 Mill / Overlay 174.39$ 174.39$ 1.06 184.85$ 340,127.44$ 173,619 166,508 60,767 279,361 2025 Wilson Street 29th Avenue 30th Avenue 630 Mill / Overlay 174.39$ 174.39$ 1.06 184.85$ 116,456.68$ 16,470 99,987 5,764 110,692 1,910,000 15 yr bond 2025 Wilson Street 27th Avenue 29th Avenue 1310 Mill / Overlay 174.39$ 174.39$ 1.06 184.85$ 242,155.95$ 28,822 213,334 10,088 232,068 965,000 10 yr bond 2025 Pahl Avenue Wilson Street Coolidge Street 610 Mill / Overlay 174.39$ 174.39$ 1.06 184.85$ 112,759.64$ 53,527 59,233 18,734 94,025 2,875,000 30.83% 2026 OFF YEAR 2027 Rankin Road CR 88 31st Avenue 1310 Reconstruct 2,250.45$ 2,250.45$ 1.12 2,520.51$ 3,301,863.05$ 392,960 2,908,903 98,240 3,203,623 2027 29th Avenue Silver Lake Road Rankin Road 1290 Mill / Overlay 266.19$ 266.19$ 1.12 298.13$ 384,586.54$ 96,842 287,744 33,895 350,692 3,395,000 15 yr bond 2027 Hilldale Avenue Silver Lake Road Rankin Road 1270 Mill / Overlay 184.85$ 184.85$ 1.12 207.03$ 262,933.30$ 122,206 140,727 42,772 220,161 830,000 10 yr bond 2027 32nd Avenue Silver Lake Road Rankin Road 1270 Mill / Overlay 184.85$ 184.85$ 1.12 207.03$ 262,933.30$ 147,569 115,364 51,649 211,284 4,225,000 18.03% 2028 Macalaster Drive 39th Avenue Silver Lane 1260 Reconstruct 1,500.30$ 1,500.30$ 1.18 1,770.36$ 2,230,647.94$ 396,702 1,833,946 99,176 2,131,472.42 2028 Macalaster Drive South terminus 39th Avenue 500 Reconstruct 1,500.30$ 1,500.30$ 1.18 1,770.36$ 885,177.75$ 257,856 627,321 90,250 794,928 2028 Wilson Street 30th Avenue 31st Avenue 630 Mill / Overlay 298.13$ 298.13$ 1.06 316.02$ 199,090.61$ 52,067 147,024 18,223 180,867 3,105,000 15 yr bond 2028 Harding Street 30th Avenue 31st Avenue 630 Mill / Overlay 298.13$ 298.13$ 1.06 316.02$ 199,090.61$ 68,435 130,655 23,952 175,138 940,000 10 yr bond 2028 Edward Street 33rd Avenue 34th Avenue 620 Mill / Overlay 298.13$ 298.13$ 1.06 316.02$ 195,930.44$ 58,659 137,272 20,531 175,400 4,045,000 2028 Belden Drive 33rd Avenue 34th Avenue 1280 Mill / Overlay 298.13$ 298.13$ 1.06 316.02$ 404,501.56$ 139,543 264,959 48,840 355,662 23.65% 2029 OFF YEAR 2030 Penrod Lane 39th Avenue Silver Lane 1260 Reconstruct 1,770.36$ 1,770.36$ 1.12 1,982.80$ 2,498,325.69$ 644,244 1,854,082 161,061 2,337,265 2030 34th Avenue Stinson Boulevard Silver Lake Road 2200 Mill / Overlay 316.02$ 316.02$ 1.12 353.94$ 778,665.50$ 156,032 622,633 54,611 724,054 2030 Hilldale Avenue Belden Drive Silver Lake Road 1100 Mill / Overlay 316.02$ 316.02$ 1.12 353.94$ 389,332.75$ 134,498 254,835 47,074 342,258 2,475,000 15 yr bond 2030 32nd Avenue Belden Drive Silver Lake Road 1100 Mill / Overlay 316.02$ 316.02$ 1.12 353.94$ 389,332.75$ 150,558 238,775 52,695 336,638 2,135,000 10 yr bond 2030 Townview Avenue Wilson Street Silver Lake Road 1290 Mill / Overlay 316.02$ 316.02$ 1.12 353.94$ 456,581.13$ 164,245 292,337 57,486 399,096 4,610,000 2030 Belden Drive 32nd Avenue 33rd Avenue 650 Mill / Overlay 316.02$ 316.02$ 1.12 353.94$ 230,060.26$ 39,419 190,642 13,797 216,264 27.18% 2031 Shamrock Drive 39th Avenue Silver Lane 1260 Reconstruct 1,982.80$ 1,982.80$ 1.06 2,101.77$ 2,648,225.23$ 494,513 2,153,712 123,628 2,524,597 2031 Fordham Drive 39th Avenue Silver Lane 1260 Reconstruct 1,982.80$ 1,982.80$ 1.06 2,101.77$ 2,648,225.23$ 682,899 1,965,326 170,725 2,477,501 2031 30th Avenue Stinson Boulevard Wilson Street 960 Mill / Overlay 353.94$ 353.94$ 1.06 375.18$ 360,168.19$ 104,460 255,709 36,561 323,607.33 5,286,000 15 yr bond 2031 Roosevelt Street St. Anthony Boulevard 30th Avenue 1210 Mill / Overlay 353.94$ 353.94$ 1.06 375.18$ 453,961.99$ 81,246 372,716 28,436 425,526 1,617,000 10 yr bond 2031 Murray Avenue Roosevelt Street Wilson Street 830 Mill / Overlay 353.94$ 353.94$ 1.06 375.18$ 311,395.41$ 47,394 264,002 16,588 294,808 6,903,000 2031 Murray Avenue Wilson Street Coolidge Street 710 Mill / Overlay 353.94$ 353.94$ 1.06 375.18$ 266,374.39$ 77,377 188,997 27,082 239,292 2031 Coolidge Street St. Anthony Boulevard 29th Avenue 730 Mill / Overlay 353.94$ 353.94$ 1.06 375.18$ 273,877.89$ 69,640 204,238 24,374 249,504 ENR Index (3/2022 to 4/2023) ANNUAL STREET PROGRAM DETAILED COSTS ATTACHMENT 1 2032 OFF YEAR 2033 Skycroft Circle Skycroft Drive Skycroft Drive 1550 Reconstruct 2,101.77$ 2,101.77$ 1.12 2,353.98$ 3,648,665.88$ 896,717 2,751,949 224,179 3,424,487 2033 34th Avenue Skycroft Drive Croft Drive 300 Reconstruct 2,101.77$ 2,101.77$ 1.12 2,353.98$ 706,193.40$ 59,078 647,116 14,769 691,424 2033 Pahl Avenue Roosevelt Street Wilson Street 720 Mill / Overlay 375.18$ 375.18$ 1.12 420.20$ 302,541.28$ 142,994 159,548 50,048 252,494 4,349,000 15 yr bond 2033 Roosevelt Street 27th Avenue Pahl Avenue 550 Mill / Overlay 375.18$ 375.18$ 1.12 420.20$ 231,107.92$ 16,129 214,979 5,645 225,463 1,080,000 10 yr bond 2033 27th Avenue Stinson Boulevard Pahl Avenue 1550 Mill / Overlay 375.18$ 375.18$ 1.12 420.20$ 651,304.14$ 303,861 347,443 106,351 544,953 5,429,000 25.61% 2034 Skycroft Drive Maplewood Drive 33rd Avenue 1560 Reconstruct 2,353.98$ 2,353.98$ 1.06 2,495.22$ 3,892,538.00$ 861,059 3,031,479 215,265 3,677,273 2034 39th Avenue Stinson Blvd Silver Lake Road 2200 Mill / Overlay 605.08$ 605.08$ 1.06 641.39$ 1,411,052.52$ 252,622 1,158,431 88,418 1,322,635 2034 Roosevelt Street 33rd Avenue north terminus 340 Mill / Overlay 420.20$ 420.20$ 1.06 445.41$ 151,438.72$ 62,007 89,432 21,703 129,736 5,283,000 15 yr bond 2034 Roosevelt Street 31st Street 33rd Avenue 1290 Mill / Overlay 420.20$ 420.20$ 1.06 445.41$ 574,576.31$ 179,132 395,444 62,696 511,880 2,243,000 10 yr bond 2034 Anthony Road Roosevelt Street Edward Street 400 Mill / Overlay 420.20$ 420.20$ 1.06 445.41$ 178,163.20$ 48,228 129,935 16,880 161,283 7,526,000 22.60% 2035 OFF YEAR 2036 Downers Drive Skycroft Drive Highcrest Road 1140 Reconstruct 2,495.22$ 2,495.22$ 1.12 2,794.64$ 3,185,892.64$ 806,578 2,379,315 201,644 2,984,248 2036 31st Avenue Wilson Street Silver Lake Road 1260 Mill / Overlay 445.41$ 445.41$ 1.12 498.86$ 628,559.76$ 223,777 404,783 78,322 550,238 2036 31st Street Stinson Boulevard Wilson Street 990 Mill / Overlay 445.41$ 445.41$ 1.12 498.86$ 493,868.38$ 41,550 452,318 14,543 479,326 3,735,000 15 yr bond 2036 Edward Street 31st Street 33rd Avenue 1390 Mill / Overlay 445.41$ 445.41$ 1.12 498.86$ 693,411.16$ 196,770 496,642 68,869 624,542 1,614,000 10 yr bond 2036 Wilson Street 31st Street 32nd Street 630 Mill / Overlay 445.41$ 445.41$ 1.12 498.86$ 314,279.88$ 100,314 213,966 35,110 279,170 5,349,000 2036 32nd Street Edward Street Belden Drive 310 Mill / Overlay 445.41$ 445.41$ 1.12 498.86$ 154,645.65$ 23,149 131,496 8,102 146,543 25.45% 2037 Croft Drive 33rd Avenue Downers Drive 1270 Reconstruct 2,794.64$ 2,794.64$ 1.06 2,962.32$ 3,762,147.95$ 966,490 2,795,658 241,623 3,520,525 5,442,000 15 yr bond 2037 Chandler Drive/Foss Road 37th Avenue Highcrest Road 3190 Mill / Overlay 498.86$ 498.86$ 1.06 528.79$ 1,686,834.90$ 163,078 1,523,757 57,077 1,629,758 1,720,000 10 yr bond 20.73%7,162,000 TBD Anthony Lane N County Road C North terminus 800 Reconstruct 2,962.32 2,369,857 1.06 3,140.06 2,512,048 879,217 1,632,831 219,804 2,292,244 $2,361,011.49 TBD Anthony Lane S County Road C south 2930 Reconstruct 3,140.06 9,200,377 1.06 3,328.46 9,752,400 3,413,340 6,339,060 853,335 8,899,065 $9,054,798.54 Industrial Park - Upon Redevelopment / TIF Attachment 2City of St. AnthonyDebt Levy - Roads, Tax Abatement, Public Facilities802,382 897,435 902,685 918,015 916,965 920,850 929,565 937,755 950,670 729,039 565,647 142,865 138,581 139,547 140,033 2024 Levy Year60 61 62 63 642018 2019street 2020 Street 2021 2022Existing BondsFund2012 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)514108,587 112,065 110,175 108,285 111,645 109,413 112,209 114,624 103,271 110,587 112,233 108,419 109,854 111,080 $1,940,000 - 2011A (Refunded in 2019A)516141,991 138,684 140,626 142,411 138,789 140,416 141,886 142,871 125,653 121,883 123,363 124,633 125,694 126,544 121,934 $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 - - 118,685 118,930 119,176 119,120 119,063 118,523 117,984 117,082 112,438 115,914 114,036 112,157 115,529 108,296 111,667 $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 526102,173 106,135 104,742 103,349 101,956 105,813 104,315 102,817 106,568 104,965 103,362 107,009 105,025 103,042 105,757 $2,600,000 - 2017A 528189,734 191,592 193,296 189,591 191,136 192,523 193,753 189,575 190,647 191,562 192,320 192,919 193,362 193,646 193,774 $2,610,000 - 2018A 530179,849 180,959 181,859 177,298 177,988 178,467 178,737 178,797 180,484 176,764 178,294 179,666 180,382 180,927 181,302 $1,145,000 - 2019A 532103,950 101,430 104,160 101,430 103,950 101,010 103,320 100,170 103,058 100,537 103,268 100,590 103,162 100,328 102,742 $3,000,000 - 2020A 534235,830 237,644 232,600 232,806 232,856 232,747 237,731 237,150 236,412 232,471 233,780 234,984 236,083 237,077 232,715 (13,145) $2,165,000 - 2021A 538155,495 158,508 156,165 153,823 151,481 159,639 157,087 154,535 157,233 156,186 93,397 92,398 91,398 90,199 94,250 $2,385,000 - 2022A 2022A- 192,907 189,511 191,365 193,061 189,350 190,889 187,020 188,401 194,875 190,534 160,901 162,061 162,906 163,584 164,011 - Total Levy1,500,755 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 2,327,849 2,347,358 2,173,215 1,981,198 1,869,349 1,745,778 1,614,018 1,494,475 1,342,554 1,165,216 996,778 771,012 593,278 485,820 244,689 164,011 - - - 2023 Road Improvements Bonds2023 - OFF YEAR$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.002024-2037 Road Improvements BondsUpdated costs / bond size in Red$2,665,640 - 2024A $3,260,0002024A275,875 270,261 275,261 270,469 270,667 270,839 271,127 270,706 269,980 274,195 130,247 132,029 133,418 134,398 129,703 $2,412,260 - 2025A $2,875,0002025A229,531 229,936 230,556 231,196 226,509 227,181 227,895 227,969 232,986 226,996 141,172 142,229 142,850 143,019 142,721 2026 - OFF YEAR$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00$2,493,630 - 2027A $4,225,000 2027A291,472 290,578 289,869 294,415 293,483 292,383 291,364 289,714 293,011 290,554 282,535 293,716 294,065 980K REDUCTION IN BORROWING960K(64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) $3,353,680- 2028A $4,045,0002028A339,138 337,107 340,666 338,870 342,280 340,216 330,234 340,971 337,693 339,310 244,914 247,881 2029 - OFF YEAR$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00$2,932,410 - 2030A $4,605,0002030A401,595 403,067 399,594 401,539 398,042 399,798 401,575 402,197 402,236 401,682 $5,009,920 - 2031A2031A383,777 383,777 383,777 383,777 383,777 383,777 383,777 383,777 383,777 2.1M REDUCTION IN BORROWING800K800(53,333) (53,333) (53,333) (53,333) (53,333) (53,333) (53,333) (53,333) (53,333) 2032 - OFF YEAR$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00$3,780,100 - 2033A2033A292,361 292,361 292,361 292,361 292,361 292,361 292,361 923K REDUCTION IN BORROWING(70,167) (70,167) (70,167) (70,167) (70,167) (70,167) (70,167) $3,591,600 - 2034A2034A277,608 277,608 277,608 277,608 277,608 277,608 1.55M REDUCTION IN BORROWING(119,372) (119,371) (119,371) (119,371) (119,371) (119,371) 2035 - OFF YEAR$0.00 $0.00 $0.00 $0.00 $0.00$2,751,130- 2036A2036A256,344 256,344 256,344 256,344 2.25M REDUCTION IN BORROWING(210,202) (210,202) (210,202) (210,202) $3,030,60 - 2037A2037A243,179 243,179 243,179 2038 - OFF YEAR$0.00 $0.00Additional levy- - - - - - - - - - - - - 275,875 499,792 505,197 728,497 1,067,579 1,060,324 1,470,984 1,800,465 1,798,650 2,028,938 2,022,108 1,953,856 1,998,486 2,237,485 2,149,784 2,022,545 Road levy before debt reduction1,500,755 1,577,184 1,791,659 1,939,225 2,130,768 2,154,706 2,236,431 2,292,395 2,258,694 2,389,519 2,327,849 2,347,358 2,173,215 2,257,073 2,369,141 2,250,975 2,342,515 2,562,054 2,402,878 2,636,200 2,797,243 2,569,662 2,622,216 2,507,928 2,198,545 2,162,497 2,237,485 2,149,784 2,022,545 Stormwater Utilty(25,000) (170,000) (150,000) (95,000) (85,000) - - - - - - - - - - - - - - - - - - - - - - MSA Advance(7,500) (25,000) (85,000) (168,000) (152,500) - (41,729) (1,374) (6,425) (4,896) (3,521) (7,510) (1,010) (5,301) (4,355) (3,583) (2,964) (2,492) (2,019) (1,752) (6,618) (6,097) (5,638) - - - Excess Bond Balance(115,000) (101,921) (92,500) (140,000) (140,009) (215,310) (354,300) (340,615) (351,824) (200,000) (125,000) (55,000) - - - - - - - - - - - - - - Conduit Fee/Refunding & Project savings(15,079) (116,180) (79,792) - - - - - - - - - - - - - - - - - - Water / Sewer bonds retired - - (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) Public Facilities/Abatement Excess(5,000) (35,000) (55,000) (60,000) (75,000) (70,000) (150,000) (160,000) (65,000) - - - - - - - - - - - - - - - - Infrastructure Levy- - - - - - Road improvement levy1,500,755 1,577,184 1,776,580 1,791,725 1,828,847 1,792,206 1,778,431 1,854,886 1,852,204 1,843,699 1,835,860 1,829,109 1,903,319 2,028,552 2,206,631 2,149,965 2,237,214 2,457,699 2,299,295 2,533,236 2,694,751 2,467,643 2,520,464 2,401,310 2,092,448 2,056,859 2,137,485 2,049,784 1,922,545 % Change in Road levy5.09% 12.64% 0.85% 2.07% -2.00% -0.77% 4.30% -0.14% -0.46% -0.43% -0.37% 4.06%6.58% 8.78% -2.57% 4.06% 9.86% -6.45%10.17% 6.38% -8.43% 2.14% -4.73%-12.86% -1.70% 3.92% -4.10% -6.21%$ Change in Road levy76,429 199,396 15,145 37,122 (36,641) (13,775) 76,455 (2,682) (8,505) (7,839) (6,751) 74,211 125,232 178,079 (56,666) 87,249 220,485 (158,404) 233,941 161,515 (227,108) 52,821 (119,154) (308,862) (35,589) 80,627 (87,702) (127,239) TAX ABATEMENT (2016B/2017A) 149,395 146,480 151,025 153,148 155,112 224,877 227,430 222,653 228,375 228,585 228,638 233,783 233,415 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 - - - - - - - - - - - - - - - - - 559,168 525,677 529,487 536,020 542,434 621,084 627,312 626,000 634,977 643,482 651,321 658,072 233,415 96,390 - - - - - - - - - - - - - - - FLATL LINETotal 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 2,136,734 2,124,942 2,206,631 2,149,965 2,237,214 2,457,699 2,299,295 2,533,236 2,694,751 2,467,643 2,520,464 2,401,310 2,092,448 2,056,859 2,137,485 2,049,784 1,922,545 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 2040Total 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 2,979,170 3,005,430 2,406,630 2,353,463 2,369,141 2,250,975 2,342,515 2,562,054 2,402,878 2,636,200 2,797,243 2,569,662 2,622,216 2,507,928 2,198,545 2,162,497 2,237,485 2,149,784 2,022,545 % Change 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% -14.09% -0.55% 3.84% -2.57% 4.06% 9.86% -6.45% 10.17% 6.38% -8.43% 2.14% -4.73% -12.86% -1.70% 3.92% -4.10% -6.21%% Change 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% 0.88% -19.92% -2.21% 0.67% -4.99% 4.07%9.37% -6.21% 9.71% 6.11% -8.14% 2.05% -4.36% -12.34% -1.64% 3.47% -3.92% -5.92%$ Change in Debt Levied 42,939 203,205 21,678 43,537 42,009 (7,547) 75,143 6,295 (0) 0 (0) (350,446) (11,793) 81,689 (56,666) 87,249 220,485 (158,404) 233,941 161,515 (227,108) 52,821 (119,154) (308,862) (35,589) 80,627 (87,702) (127,239)  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 3,100,0002012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037Total Debt Levied before reductionPhase IITransition Point Modifedthe paceofimprovements, transition DebtLevy to Infrastrucure Levy Total  Debt  Levied after reductionZ:\Budget 2024\debt levy\2024 debt levy 5/19/2023 City of St. Anthony, MN $3,260,000 General Obligation Bonds, Series 2024 Issue Summary Assumes Current Market BQ AA Rates plus 50bps Total Issue Sources And Uses Dated 05/01/2024 | Delivered 05/01/2024 15 Year 10 Year Issue Summary Sources Of Funds Par Amount of Bonds $1,805,000.00 $1,455,000.00 $3,260,000.00 Prepaid Assessments 110,332.00 169,195.00 279,527.00 Total Sources $1,915,332.00 $1,624,195.00 $3,539,527.00 Uses Of Funds Total Underwriter's Discount (1.200%)21,660.00 17,460.00 39,120.00 Costs of Issuance 32,667.17 26,332.83 59,000.00 Deposit to Capitalized Interest (CIF) Fund 46,408.13 34,447.50 80,855.63 Deposit to Project Construction Fund 1,811,684.56 1,545,838.23 3,357,522.79 Rounding Amount 2,912.14 116.44 3,028.58 Total Uses $1,915,332.00 $1,624,195.00 $3,539,527.00 Series 2024 GO Bonds | Issue Summary | 5/18/2023 | 12:30 PM City of St. Anthony, MN $3,260,000 General Obligation Bonds, Series 2024 Issue Summary Assumes Current Market BQ AA Rates plus 50bps Net Debt Service Schedule Date Principal Coupon Interest Total P+I CIF Net New D/S Fiscal Total 05/01/2024 ------- 02/01/2025 --80,855.63 80,855.63 (80,855.63)-- 08/01/2025 --53,903.75 53,903.75 -53,903.75 - 02/01/2026 240,000.00 3.400%53,903.75 293,903.75 -293,903.75 347,807.50 08/01/2026 --49,823.75 49,823.75 -49,823.75 - 02/01/2027 240,000.00 3.200%49,823.75 289,823.75 -289,823.75 339,647.50 08/01/2027 --45,983.75 45,983.75 -45,983.75 - 02/01/2028 250,000.00 3.100%45,983.75 295,983.75 -295,983.75 341,967.50 08/01/2028 --42,108.75 42,108.75 -42,108.75 - 02/01/2029 250,000.00 3.050%42,108.75 292,108.75 -292,108.75 334,217.50 08/01/2029 --38,296.25 38,296.25 -38,296.25 - 02/01/2030 255,000.00 3.000%38,296.25 293,296.25 -293,296.25 331,592.50 08/01/2030 --34,471.25 34,471.25 -34,471.25 - 02/01/2031 260,000.00 2.900%34,471.25 294,471.25 -294,471.25 328,942.50 08/01/2031 --30,701.25 30,701.25 -30,701.25 - 02/01/2032 265,000.00 3.100%30,701.25 295,701.25 -295,701.25 326,402.50 08/01/2032 --26,593.75 26,593.75 -26,593.75 - 02/01/2033 270,000.00 3.150%26,593.75 296,593.75 -296,593.75 323,187.50 08/01/2033 --22,341.25 22,341.25 -22,341.25 - 02/01/2034 275,000.00 3.200%22,341.25 297,341.25 -297,341.25 319,682.50 08/01/2034 --17,941.25 17,941.25 -17,941.25 - 02/01/2035 285,000.00 3.450%17,941.25 302,941.25 -302,941.25 320,882.50 08/01/2035 --13,025.00 13,025.00 -13,025.00 - 02/01/2036 125,000.00 3.600%13,025.00 138,025.00 -138,025.00 151,050.00 08/01/2036 --10,775.00 10,775.00 -10,775.00 - 02/01/2037 130,000.00 3.750%10,775.00 140,775.00 -140,775.00 151,550.00 08/01/2037 --8,337.50 8,337.50 -8,337.50 - 02/01/2038 135,000.00 3.900%8,337.50 143,337.50 -143,337.50 151,675.00 08/01/2038 --5,705.00 5,705.00 -5,705.00 - 02/01/2039 140,000.00 4.050%5,705.00 145,705.00 -145,705.00 151,410.00 08/01/2039 --2,870.00 2,870.00 -2,870.00 - 02/01/2040 140,000.00 4.100%2,870.00 142,870.00 -142,870.00 145,740.00 Total $3,260,000.00 -$886,610.63 $4,146,610.63 (80,855.63)$4,065,755.00 - Significant Dates Dated 5/01/2024 First Coupon Date 2/01/2025 Yield Statistics Bond Year Dollars $25,840.00 Average Life 7.926 Years Average Coupon 3.4311557% Net Interest Cost (NIC)3.5825489% True Interest Cost (TIC)3.5889674% Bond Yield for Arbitrage Purposes 3.4092012% All Inclusive Cost (AIC)3.8659857% IRS Form 8038 Net Interest Cost 3.4311557% Weighted Average Maturity 7.926 Years Series 2024 GO Bonds | Issue Summary | 5/18/2023 | 12:30 PM City of St. Anthony, MN $3,260,000 General Obligation Bonds, Series 2024 Issue Summary Assumes Current Market BQ AA Rates plus 50bps Debt Service Schedule Date Principal Coupon Interest Total P+I CIF Net New D/S 105% of Total Assessments Levy/(Surplus) 02/01/2025 --80,855.63 80,855.63 (80,855.63)---- 02/01/2026 240,000.00 3.400%107,807.50 347,807.50 -347,807.50 365,197.88 89,323.18 275,874.70 02/01/2027 240,000.00 3.200%99,647.50 339,647.50 -339,647.50 356,629.88 86,368.61 270,261.27 02/01/2028 250,000.00 3.100%91,967.50 341,967.50 -341,967.50 359,065.88 83,414.03 275,651.85 02/01/2029 250,000.00 3.050%84,217.50 334,217.50 -334,217.50 350,928.38 80,459.45 270,468.93 02/01/2030 255,000.00 3.000%76,592.50 331,592.50 -331,592.50 348,172.13 77,504.87 270,667.26 02/01/2031 260,000.00 2.900%68,942.50 328,942.50 -328,942.50 345,389.63 74,550.29 270,839.34 02/01/2032 265,000.00 3.100%61,402.50 326,402.50 -326,402.50 342,722.63 71,595.73 271,126.90 02/01/2033 270,000.00 3.150%53,187.50 323,187.50 -323,187.50 339,346.88 68,641.13 270,705.75 02/01/2034 275,000.00 3.200%44,682.50 319,682.50 -319,682.50 335,666.63 65,686.57 269,980.06 02/01/2035 285,000.00 3.450%35,882.50 320,882.50 -320,882.50 336,926.63 62,731.97 274,194.66 02/01/2036 125,000.00 3.600%26,050.00 151,050.00 -151,050.00 158,602.50 28,355.40 130,247.10 02/01/2037 130,000.00 3.750%21,550.00 151,550.00 -151,550.00 159,127.50 27,097.62 132,029.88 02/01/2038 135,000.00 3.900%16,675.00 151,675.00 -151,675.00 159,258.75 25,839.82 133,418.93 02/01/2039 140,000.00 4.050%11,410.00 151,410.00 -151,410.00 158,980.50 24,582.04 134,398.46 02/01/2040 140,000.00 4.100%5,740.00 145,740.00 -145,740.00 153,027.00 23,324.24 129,702.76 Total $3,260,000.00 -$886,610.63 $4,146,610.63 (80,855.63)$4,065,755.00 $4,269,042.75 $889,474.95 $3,379,567.80 Significant Dates Dated 5/01/2024 First Coupon Date 2/01/2025 Yield Statistics Bond Year Dollars $25,840.00 Average Life 7.926 Years Average Coupon 3.4311557% Net Interest Cost (NIC)3.5825489% True Interest Cost (TIC)3.5889674% Bond Yield for Arbitrage Purposes 3.4092012% All Inclusive Cost (AIC)3.8659857% Series 2024 GO Bonds | Issue Summary | 5/18/2023 | 12:30 PM THIS PAGE LEFT INTENTIONALLY BLANK Date Type Staff Present June 13 Work Session 2024 Initial Property Tax levy Scenairos City Council City Manager June 13 Regular Planning Commission Items from May Authorize preparation of feasibility study for 2024 street project City Council City Manager June 27 Regular Commissioner MaryJo McGuire Presentation Audit Report City Council City Manager July 11 Work Session Finalize Debt Levy/Updated Street Improvement Plan City Council City Manager July 11 Regular Planning Commission items from June Quarterly Donations & Grants Quarterly Goals Update Approval of 2024 debt levy-public hearing City Council City Manager Finance Director July 25 Work Session Brew Pub Licensing Food Trucks THC Moratorium City Council City Manager July 25 Regular Liquor Operations Mid Year Report VillageFest Presentation Night to Unite Presentation Night to Unite Proclamation Approve Union Contracts City Council City Manager Liquor Op Mgr Police Chief August 7 Work Session Staff proposed 2024 Budget and Levy Presentation Discuss Updated Levy Scenarios City Council City Manager August 7 Regular Planning Commission items from July Spirit of St. Anthony Award City Council City Manager August 22 Regular 2024 Proposed Budget & Levy Presentation City Council City Manager Finance Director September 12 Work Session Code Amendments City Council City Manager City Planner September 12 Regular Planning Commission items from August 2024 Preliminary Operating Budget and Levy-Public Hearing Students in Leadership-Consent City Council City Manager Finance Director FUTURE COUNCIL AGENDA ITEMS 2023 Date Type Staff Present FUTURE COUNCIL AGENDA ITEMS September 26 Work Session Single Family Home Rentals City Council City Manager City Planner September 26 Regular Fire Prevention Presentation City Council City Manager Fire Dept October 10 Work Session 2024 Long term capital budget plans City Council City Manager Finance Director October 10 Regular Preliminary Certification of Delinquent Waste Hauler Accounts-Consent Agenda Preliminary Certification of Delinquent Utility Accounts-Consent Agenda Planning Commission items from September City Council City Manager October 24 Work Session 2024 Water and Sewer Budgets and rate adjustments City Council City Manager Finance Director October 24 Regular Quarterly Donations & Grants Quarterly Goals Update Approval of CIP City Council City Manager Finance Director November 13 Work Session Planning Commission Interviews City Council City Manager November 14 Regular Planning Commission items from October Authorizing polling places for 2023 1st Reading Water, Sewer, & Stormwater-Public Hearing Presentation on Water and Sewer Rates City Council City Manager Finance Director November 28 Work Session General Fund Surplus Transfers Planning & Parks Commission Interviews City Council City Manager November 28 Regular Fire Prevention Poster Winners 2nd Reading and Adoption Water, Sewer, & Stormwater City Council City Manager December 12 Work Session City Council City Manager December 12 Regular Planning Commission items from November Appoint Parks and Planning Commissioners and Chair/Vice Chairs Setting Salary of City Manager Authorizing Transfers & Closing of Specified Funds Setting the 2024 City & HRA Budgets and Final Property Tax Levy -Public Hearing 2024 Fee Schedule Quarterly Goals update City Council City Manager Finance Director December 27 Regular 2024 Date Type Staff Present FUTURE COUNCIL AGENDA ITEMS January 09 Work Session City Council City Manager January 09 Regular Planning Commission items from December Housekeeping Resolutions Resolution for the Street Improvement Bond Reimbursement Quarterly Donations & Grants Quarterly Goals update NYFS Agreement Outside Orgs-Council City Council City Manager January 23 Regular Public Works Snow Plowing Operations presentation City Council City Manager February 13 Work Session City Council City Manager February 13 Regular Planning Commission items from January Water Conservation Poster Winners Public Hearing-2024 Budget Calendar and Process 2024 Planning Commission Work Plan- (motion only) 2024 Parks and Environmental Commission Work Plan- (motion only) Administration Annual Report Liquor License Renewals City Council City Manager Finance Director February 27 Regular Metro-Inet Presentation GreenCorp Member application-resolution Adoption of Strategic Plan Liquor Annual Report City Council City Manager Liquor Op Manager Public Works Director March 12 Work Session City Council City Manager March 12 Regular Planning Commission Items from February Public Works Annual Report City Council City Manager Public Works Director March 26 Regular Police Annual Report Wyland Water Challenge City Council City Manager Police Dept April 9 Work Session City Council City Manager April 9 Regular Planning Commission Items from March Quarterly Donations & Grants Fire Annual Report Arbor Day Proclamation Earth Day Proclamation Quarterly Goals Update City Council City Manager Fire Dept Date Type Staff Present FUTURE COUNCIL AGENDA ITEMS April 23 Regular Finance Annual Report Insurance Renewal & Torm Limits- Consent (Odd Years) New Liquor License- 3701 Stinson Blvd-Public Hearing City Council City Manager Finance Director May 14 Work Session Discuss Debt Levy/Updated Street Improvement Plan City Council City Manager May 14 Regular Planning Commission items from April Finance Annual Report City Council City Manager May 28 Regular Villager of the Year and Business of the Year City Council City Manager