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HomeMy WebLinkAboutCC PACKET 09102024CITY OF SAINT ANTHONY VILLAGE CITY COUNCIL MEETING AGENDA Tuesday, September 10, 2024 at 7:00PM Members of the public who wish to attend the meeting may do so in person. Call To Order. Pledge Of Allegiance. Roll Call. Approval Of Agenda. Proclamations And Recognitions. Commissioner Mary Jo McGuire Presentation Consent Agenda. Approval Of CC Meeting Minutes CC 08 -27 -2024.PDF License And Permits LICENSEANDPERMITS .PDF Claims 09 -10 -2024.PDF Resolution 24 -058 - Designating Councilmember Elnagdy As A Participant In Outside Organizations For 2024 RESOLUTION 24 -058.PDF Public Hearing. Resolution 24 -059 - Setting The 2025 Preliminary Tax Levy And General Operating Budget For The City Of St. Anthony Village Deborah Maloney, Finance Director, presenting. COVER MEMO.PDF PRESENTATION.PDF NOTICE - BUDGET PUBLIC HEARING PUB AUG 30, 2024.PDF RESOLUTION 24 -059.PDF Reports From Commission And Staff. Ordinance 2024 -05 - Amending Section 154.188 Of The St. Anthony City Code Regulating Cannabis Businesses Steve Grittman, City Planner, presenting. First Reading COVER MEMO.PDF CANNABIS ORDINANCE - SECTION 154.188.PDF General Business Of Council. Resolution 24 -060 - Relating To The $1,780,000 General Obligation Improvement Bonds, Series 2024A; Authorizing The Issuance, Awarding The Sale, Fixing The Form And Details, Providing For The Execution And Delivery Thereof And The Security Therefor And Levying Ad Valorem Taxes For The Payment Thereof Stacie Kvilvang, Ehlers & Associates, presenting. This Resolution has been updated as of 9/10/2024 at 1:45PM. RESOLUTION 24 -060.PDF Reports From City Manager And Council Members. Community Forum Individuals may address the City Council about any City business item not included on the regular agenda. Speakers are requested to come to the podium, sign their name and address on the form at the podium, state their name and address for the Clerk ’s record, and limit their remarks to five minutes. Generally, the City Council will not take official action on items discussed at this time, but may typically refer the matter to staff for a future report or direct the matter to be scheduled on an upcoming agenda. Those unable to attend the meeting in person may submit comments via the City's PUBLIC COMMENTS FORM . Information And Announcements. 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 -3314 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. I. II. III. IV. V. A. VI. A. Documents: B. Documents: C. Documents: D. Documents: VII. A. Documents: VIII. A. Documents: IX. A. Documents: X. XI. XII. A. Documents: XIII. CITY OF SAINT ANTHONY VILLAGECITY COUNCIL MEETING AGENDATuesday, September 10, 2024 at 7:00PMMembers of the public who wish to attend the meeting may do so in person. Call To Order.Pledge Of Allegiance.Roll Call.Approval Of Agenda.Proclamations And Recognitions.Commissioner Mary Jo McGuire PresentationConsent Agenda.Approval Of CC Meeting MinutesCC 08 -27 -2024.PDFLicense And PermitsLICENSEANDPERMITS .PDFClaims09-10 -2024.PDFResolution 24 -058 - Designating Councilmember Elnagdy As A Participant In Outside Organizations For 2024RESOLUTION 24 -058.PDF Public Hearing. Resolution 24 -059 - Setting The 2025 Preliminary Tax Levy And General Operating Budget For The City Of St. Anthony Village Deborah Maloney, Finance Director, presenting. COVER MEMO.PDF PRESENTATION.PDF NOTICE - BUDGET PUBLIC HEARING PUB AUG 30, 2024.PDF RESOLUTION 24 -059.PDF Reports From Commission And Staff. Ordinance 2024 -05 - Amending Section 154.188 Of The St. Anthony City Code Regulating Cannabis Businesses Steve Grittman, City Planner, presenting. First Reading COVER MEMO.PDF CANNABIS ORDINANCE - SECTION 154.188.PDF General Business Of Council. Resolution 24 -060 - Relating To The $1,780,000 General Obligation Improvement Bonds, Series 2024A; Authorizing The Issuance, Awarding The Sale, Fixing The Form And Details, Providing For The Execution And Delivery Thereof And The Security Therefor And Levying Ad Valorem Taxes For The Payment Thereof Stacie Kvilvang, Ehlers & Associates, presenting. This Resolution has been updated as of 9/10/2024 at 1:45PM. RESOLUTION 24 -060.PDF Reports From City Manager And Council Members. Community Forum Individuals may address the City Council about any City business item not included on the regular agenda. Speakers are requested to come to the podium, sign their name and address on the form at the podium, state their name and address for the Clerk ’s record, and limit their remarks to five minutes. Generally, the City Council will not take official action on items discussed at this time, but may typically refer the matter to staff for a future report or direct the matter to be scheduled on an upcoming agenda. Those unable to attend the meeting in person may submit comments via the City's PUBLIC COMMENTS FORM . Information And Announcements. 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 -3314 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. I.II.III.IV.V.A.VI.A.Documents:B.Documents:C.Documents:D.Documents: VII. A. Documents: VIII. A. Documents: IX. A. Documents: X. XI. XII. A. Documents: XIII. CITY OF SAINT ANTHONY VILLAGECITY COUNCIL MEETING AGENDATuesday, September 10, 2024 at 7:00PMMembers of the public who wish to attend the meeting may do so in person. Call To Order.Pledge Of Allegiance.Roll Call.Approval Of Agenda.Proclamations And Recognitions.Commissioner Mary Jo McGuire PresentationConsent Agenda.Approval Of CC Meeting MinutesCC 08 -27 -2024.PDFLicense And PermitsLICENSEANDPERMITS .PDFClaims09-10 -2024.PDFResolution 24 -058 - Designating Councilmember Elnagdy As A Participant In Outside Organizations For 2024RESOLUTION 24 -058.PDFPublic Hearing.Resolution 24 -059 - Setting The 2025 Preliminary Tax Levy And General Operating Budget For The City Of St. Anthony VillageDeborah Maloney, Finance Director, presenting.COVER MEMO.PDFPRESENTATION.PDFNOTICE - BUDGET PUBLIC HEARING PUB AUG 30, 2024.PDFRESOLUTION 24 -059.PDFReports From Commission And Staff.Ordinance 2024 -05 - Amending Section 154.188 Of The St. Anthony City Code Regulating Cannabis BusinessesSteve Grittman, City Planner, presenting.First ReadingCOVER MEMO.PDFCANNABIS ORDINANCE - SECTION 154.188.PDFGeneral Business Of Council.Resolution 24 -060 - Relating To The $1,780,000 General Obligation Improvement Bonds, Series 2024A; Authorizing The Issuance, Awarding The Sale, Fixing The Form And Details, Providing For The Execution And Delivery Thereof And The Security Therefor And Levying Ad Valorem Taxes For The Payment ThereofStacie Kvilvang, Ehlers & Associates, presenting.This Resolution has been updated as of 9/10/2024 at 1:45PM.RESOLUTION 24 -060.PDFReports From City Manager And Council Members.Community ForumIndividuals may address the City Council about any City business item not included on the regular agenda. Speakers are requested to come to the podium, sign their name and address on the form at the podium, state their name and address for the Clerk ’s record, and limit their remarks to five minutes. Generally, the City Council will not take official action on items discussed at this time, but may typically refer the matter to staff for a future report or direct the matter to be scheduled on an upcoming agenda. Those unable to attend the meeting in person may submit comments via the City's PUBLIC COMMENTS FORM . Information And Announcements. 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 -3314 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. I.II.III.IV.V.A.VI.A.Documents:B.Documents:C.Documents:D.Documents:VII.A.Documents:VIII.A.Documents:IX.A.Documents:X.XI. XII. A. Documents: XIII. THIS PAGE LEFT INTENTIONALLY BLANK 4 1 CITY OF ST. ANTHONY 2 CITY COUNCIL REGULAR MEETING MINUTES 3 AUGUST 27, 2024 4 I.5 CALL TO ORDER. 6 7 Mayor Wendy Webster called the meeting to order at 7:00 p.m. 8 II.9 PLEDGE OF ALLEGIANCE. 10 11 Mayor Wendy Webster invited the Council and audience to join her in the Pledge of Allegiance. 12 III.13 ROLL CALL. 14 15 Present: Mayor Webster, Councilmembers Doolan, Elnagdy (joined after Oath of Office) and 16 Jenson. 17 18 Absent:Councilmember Randle 19 20 Also Present:City Manager Charlie Yunker and Finance Director Deborah Maloney. 21 22 23 CONSIDERATION, DISCUSSION, AND POSSIBLE ACTION ON ALL OF THE 24 FOLLOWING ITEMS. 25 IV.26 APPROVAL OF AUGUST 27, 2024 CITY COUNCIL MEETING AGENDA. 27 28 Motion by Councilmember Doolan, seconded by Councilmember Jenson, to approve the City 29 Council Meeting Agenda of August 27, 2024. 30 31 Motion carried 3-0. 32 33 V.PROCLAMATIONS AND RECOGNITIONS. 34 35 Councilmember Jenson administered the Official Oath of Office to Nadia Elnagdy for the 36 position of Councilmember of the City of St. Anthony Village, Minnesota. Photographs were 37 taken. Councilmember Elnagdy joined the rest of the City Council. 38 39 VI.CONSENT AGENDA. 40 41 A.Approve August 15, 2024, Council Meeting Minutes. 42 B.Claims. 43 C.License and Permits. 44 D.Resolution 24-057 – Authorizing the City Manager and Finance Director to Make Certain 45 Transactions with Multi-Bank Securities, Inc. 46 47 Motion by Councilmember Jenson, seconded by Councilmember Doolan, to approve the Consent 48 Agenda items. 49 5 City Council Regular Meeting Minutes August 27, 2024 Page 2 1 Motion carried 4-0. 2 3 VII.PUBLIC HEARING - NONE. 4 5 VIII.REPORTS FROM COMMISSION AND STAFF - NONE. 6 7 IX.GENERAL BUSINESS OF COUNCIL. 8 A.9 2025 Proposed Budget & Levy Presentation. 10 11 Finance Director Deborah Maloney reviewed on June 11, 2025, a revised Street Improvement 12 schedule was presented for the City Council’s consideration of 2025 improvements that included 13 street reconstruction and limited mill and overlay improvements and staff presented the future 14 Street Improvement Plan that reflected extensive mill and overlay project for 2024 and 2025 and 15 the resulting impact on the 2025 debt service levy. At the June 25, 2024, City Council Work 16 Session, the City Council and Staff reviewed the updated Street Improvement schedule and its 17 impact on the 2025 Debt Levy. The Debt Levy provides funding for 2025 debt service payments 18 for the Road Improvement debt, Lease Revenue debt (City Buildings), and the Tax Abatement 19 debt (parks and sidewalks). The proposed 2025 Debt Levy will be part of the requested approval 20 of the Preliminary Levy for 2025 at the September 10 City Council Meeting. 21 22 At the July 9 Work Session, Staff provided the City Council with an early projection regarding 23 the overall levy and General Fund Budget based on known cost increases and inflationary 24 assumptions. Staff continued to analyze actual costs with new information provided by vendors, 25 contractual service providers, and labor negotiation developments and presented an updated 26 overall levy scenario and a detailed 2025 General Fund Redevelopment Authority (HRA), 27 Capital Equipment, Building, Parks and Infrastructure Improvement Funds levies. The Levy 28 proposed below reflects these work session discussions. Council directed Staff to incorporate the 29 items discussed into the 2025 Budget and Levy. Council affirmed the adjustments to the various 30 capital levies that are consistent with the long-term capital plans. No increase in the HRA levy 31 was proposed for 2025. The Levy proposed reflects the culmination of Council meetings/work 32 session discussions to date. 33 34 The proposed 2025 overall levy is $9,601,511 which represents an increase of $410,378 or a 35 4.46% increase compared to the 2024 overall levy. 36 37 Ms. Maloney reviewed the 2025 Budget Calendar in detail along with the 2025 Budget Process. 38 She noted the Cost of Services ($10,290,080) less Operational Revenues ($3,824,450) leaves a 39 funding gap ($6,465,630) which equals the levy need ($6,465,630). Replacement Costs 40 ($350,000 - $1,000,000) less City Generated Revenues ($2,65,500) leaves a funding Gap which 41 equals levy amount ($573,700). Debt Payments ($3,257,030) less Debt Reduction Resources 42 ($694,849) leaves a Funding Gap which equals the Levy Amount ($2,562,181). The Total Levy 43 Amount is $9,601,511. A graph showing the Overall Levy by Fund Type was provided. 44 6 City Council Regular Meeting Minutes August 27, 2024 Page 3 1 The General Fund Levy supports Administration, Police, Fire, Public Works, Finance and Parks. 2 In 2024 the average homeowner paid $1,693 for City services for a home valued at $411,250 or 3 $141/month. A graph showing 2025 General Fund Revenues was provided. 4 5 Ms. Maloney noted since 1999 to date the City has been awarded $35,070,091 in Grants, 6 Donations from local businesses/residents. This amounts to $3,788 per resident (based on 7 population of 9,257). 8 9 Graphs showing 2025 General Fund Expenditures were provided. 10 11 The 2025 Budget Cost Drivers are: 12 13 Personnel Costs – 71% of expenditures, overall budgeted costs increased by $504,897 or 8.55%. 14 The 2025 base wage increase is based on the anticipation of city’s unions accepting a 3% 15 COLA along with appropriate market adjustments. The net cost impact on reoccurring 16 wage base is $271,131. Other factors creating the additional $233,766 of costs are as 17 follows: o18 The police department budget includes the full year impact of restoring the 19 lieutenant position and adding a VCET officer in 2024. These additions occurred 20 mid-year. The budget impact is an increase of $152,860 in 2025. o21 The assistant fire chief position was added midyear in 2024, the impact of the full 22 year of the position in 2025 will be an increase of $68,828. o23 Hiring for retirements and vacancies will result in four new officers to be trained 24 in 2025. The training costs have been budgeted separately from regular wages as 25 year to year changes will vary based on need. The cost of training four new 26 officers in 2025 is expected to be $114,298. This is a $13,149 increase over the 27 2024 training amount budgeted. o28 Health insurance premium increase of 9.1% is shared 50/50 by the city and the 29 employees. The 2025 impact of the shared increase is $72,925 (includes elected 30 coverage changes from 2023 to 2024). 31 32 Contracted Services – 10% of expenditures, overall increase of $60,018 offset by a decrease of 33 $82,000 resulting from Hennepin County Board of Commissioner’s decision to stop charging 34 cities for this service; this will be levied through the county’s levy going forward. 35 Construction permits inspections budgeted at an increasing baseline activity has results in 36 greater expense of $5,394. This increase has no impact on the levy as the inspection fee is 37 a percentage of permit revenue received. 38 Assessor, attorney, auditor, engineer and planner services reflect rate and activity 39 increases. The net result of these factors is a cost decrease of ($27,375). 40 Contracted information technology costs up $22,383. 41 Miscellaneous service contracts are estimated to increase by $18,940. This is driven by 42 police and fire increases in contracted costs, and remaining costs impacted by inflation. 43 44 Other Insurance Costs – 5% of expenditures, overall costs up by $17,575. 45 The worker’s compensation insurance experience rating improved by 11% in the 2024- 46 2025 renewal period, combined with overall rate reductions of 15% resulted in a savings 47 7 City Council Regular Meeting Minutes August 27, 2024 Page 4 1 of 16.86% for the 2024/2025 policy renewal, resulting in a savings of $58,230 in 2 workers’ compensation premiums for the policy year. The budget year is a combination 3 of half prior renewal rates and half current renewal year rates, resulting in a small overall 4 increase when combined with the prior year increase of 17.2%. 5 Liability, property and casualty premiums are projected to increase by $24,469 in 2025. 6 Main contributors to this are a 16.35% increase in municipal liability, 32.56% increase in 7 auto, and 19.5% increase in excess liability premiums, the new increase is 13.64%. 8 9 Pass Through Costs – 3% of expenditures, costs up $59,254. 10 The substantial portion of the increase represents an estimated $72,000 increase in fire 11 relief payments made from state fire aid. This is offset by revenue of the same amount 12 and is an accounting requirement with no net levy impact. The transfer for rent from the 13 community center returned to the 2023 amount shows a reduction of $15,000. 14 15 Remaining Budget Line Items – 11% of overall expenditures or $1,083,574 costs are up $51,732. 16 Energy costs make up $4,377 of this increase. 17 Anticipated inflationary factors have been applied to many of the supplies, printing and 18 repair and maintenance services pushing these costs up by $21,622. 19 Budgeted costs for communications, memberships and training, community inclusion and 20 sustainability initiatives and other miscellaneous items are up $25,733 compared to 2024. 21 Liquor transfer to the General Fund will be $275,000 same as 2024. 22 2025 State funded Local Government Aid reflects increases by only $921. 23 Police contracted services has increased by $68,688 a 7% increase. 24 Excess Tax Increment collections are projected to increase by $100,000 in 2025. 25 26 Ms. Maloney reviewed the 2025 Proposed Levies and provided a Summary of 2025 Budget. The 27 Next Steps in the process with dates was provided. Detail of the General Fund Revenues and 28 General Fund Expenditures were also provided. 29 30 Councilmember Jenson commented this increase is very consistent with previous years. He 31 commended the Staff on the work done on the budget. 32 33 Councilmember Doolan asked about the capital tax levy and the annual needs. What part of that 34 range was used in preparation of budget. Ms. Maloney stated it will be on the lower side and 35 discussions are still happening. Mr. Yunker stated the capital fund differs from the general fund. 36 The general fund is for spending in one particular year. Councilmember Doolan stated she 37 appreciates Staff’s work on obtaining grants. 38 39 Mayor Webster stated this is the third time this has come before Council. At the September 10 40 Public Hearing Council will be setting the ceiling for the proposed levy. That levy can be 41 lowered afterwards but not raised. The City has high quality services. 86% of the tax base is 42 residential. She thanked Staff for their work. 43 44 Mr. Yunker stated the preliminary levy will be set on September 10. This will be presented to the 45 public twice. The City is currently in discussions with the three unions. There may be changes 46 between now and the next meeting. Staff will work to keep the levy below 5%. 8 City Council Regular Meeting Minutes August 27, 2024 Page 5 1 2 X.REPORTS FROM CITY MANAGER AND COUNCIL MEMBERS. 3 4 City Manager Yunker welcomed the new Assistant City Manager Ashley Morello. 5 6 Councilmember Doolan stated on August 18 she door-knocked on 29th Avenue with Mayor 7 Webster advising residents of the Hennepin County Ash Tree Grant. On August 21 she was part 8 of the wetland health evaluation in Diamond Lake. On August 24, she joined the Griffins in the 9 cleanup of the gardens at the high school and at Wilshire Park. On August 26, she went to Faith 10 to join Scout Troop #3153 for planting of the pollinator garden expansion. 11 12 Councilmember Jenson stated on August 24, he attended the Northeast Youth and Family 13 Services Finance Subcommittee Meeting. 14 15 Councilmember Elnagdy had no report. 16 17 Mayor Webster stated on August 18 she door knocked with Councilmember Doolan. Hennepin 18 County is seeking input on a solid waste management plan. Councilmember Jenson stated he is 19 on the Board of Directors for Ramsey County Local League of Governments and Maplewood 20 and one other city will be able to put organic waste in a special bag in their trash. Hoping this 21 will reach St. Anthony in a couple of years. Mayor Webster stated she began reading 22 Unstoppable Us. There is a community book club meeting on October 7. In the Star Tribune 23 there was an article about two residents who did well in the Crop Art Competition at the 24 Minnesota State Fair. She thanked Deputy Chief Maddie Jaros for providing training to St. 25 Charles and St. Anthony-New Brighton School District staff on first aid. 26 27 XI.COMMUNITY FORUM - NONE. 28 29 No one appeared to address the City Council. 30 31 XII.INFORMATION AND ANNOUNCEMENTS. 32 33 Councilmember Doolan noted the book Unstoppable Us for the Book Club, Citizens for 34 Sustainability has purchased extra copies and are available for anyone wishing to join the Book 35 Club. 36 37 Councilmember Jenson stated next Wednesday, he will be attending a Climate Action Work 38 Group that is part of the Ramsey County Local League of Governments. 39 40 XIII. ADJOURNMENT. 41 42 Motion by Councilmember Elnagdy, seconded by Councilmember Jenson to adjourn the meeting 43 at 8:00 p.m. 44 45 Motion carried 4-0. 46 9 City Council Regular Meeting Minutes August 27, 2024 Page 6 1 2 3 Respectfully submitted, 4 Debbie Wolfe 5 TimeSaver Off Site Secretarial, Inc. 6 7 Mayor 8 ATTEST: 9 City Clerk 10 10 Saint Anthony Village DATE: September 10, 2024 Approved: TO: Mayor and Councilmembers FROM: License Clerk ITEM: License and Permits for Approval: General Contractors License Earth Wizards Inc, Minneapolis, MN Mechanical Contractors License Hero Home Services LLC, Bloomington, MN Hoffman Refrigeration & Heating, Stillwater, MN Northern Heating & Air Conditioning Inc., Ramsey, MN Commercial Rental Licenses Applicant:Level 10 Management (Caravelle Apartments) Location:3713 – 3800 Foss Rd 11 THIS PAGE LEFT INTENTIONALLY BLANK 12 City of St Anthony Village CITY OF ST ANTHONY CHECK REGISTER Page: 1 Check Issue Dates: 8/30/2024 - 9/10/2024 Sep 05, 2024 12:06PM Vendor Number Payee Check Issue Date Amount 11798 CENTRAL PENSION FUND LOCAL #49 08/30/2024 5,760.00 10710 MISSION SQUARE 08/30/2024 1,140.00 2048 4815 EXCELSIOR LLC 09/10/2024 2,380.00 1118 56 BREWING 09/10/2024 940.00 1122 AM CRAFTS SPIRITS 09/10/2024 52.69 1100 ARTISIAN BEER COMPANY 09/10/2024 13,047.85 12461 AXON ENTERPRISES INC 09/10/2024 1,104.00 1013 BELLBOY CORPORATION 09/10/2024 7,483.37 1014 BELLBOY CORPORATION 09/10/2024 343.75 12882 BLAINE CUSTOM APPAREL & AWARDS 09/10/2024 250.00 8544 BOURGET IMPORTS 09/10/2024 639.00 1018 BREAKTHRU BEVERAGE MINNESOTA BEER LLC 09/10/2024 39,285.32 1011 BREAKTHRU BEVERAGE MN WINE & SPIRITS LL 09/10/2024 8,644.74 1009 BREAKTHRU BEVERAGE MN WINE & SPIRITS LL 09/10/2024 1,153.25 2014 BROKEN CLOCK BREWING 09/10/2024 192.00 1017 CAPITOL BEVERAGE SALES 09/10/2024 26,245.96 13314 CARDIO PARTNERS 09/10/2024 345.31 10332 COMPTON'S COMMERCIAL CLNG. INC 09/10/2024 3,578.00 13303 CRAIG PETERSON'S CULINARY CUISINE 09/10/2024 950.00 1042 CRYSTAL SPRINGS ICE 09/10/2024 720.84 2049 Dangerous Man Brewing Co.09/10/2024 1,172.00 13372 DUSK SYSTEMS LLC 09/10/2024 737.52 2036 FALLING KNIFE BREWING CO 09/10/2024 728.66 10508 FERGUSON WATERWORKS 09/10/2024 3.39 10511 FINANCE AND COMMERCE 09/10/2024 261.75 10526 FLEETPRIDE 09/10/2024 163.65 12892 FORMS & SYSTEMS OF MINNESOTA 09/10/2024 201.81 11866 GALLS 09/10/2024 10.11 10573 GOODIN COMPANY 09/10/2024 359.59 1021 GREAT LAKES COCA COLA 09/10/2024 1,316.22 10624 HAWKINS INC 09/10/2024 8,056.84 2024 HEADFLYER BREWING 09/10/2024 604.00 1019 HOHENSTEIN'S INC 09/10/2024 16,130.17 2044 INSIGHT BREWING COMPANY 09/10/2024 2,817.00 12634 JAMAR TECHNOLOGIES INC 09/10/2024 3,449.00 1102 JOHNSON BROTHERS 09/10/2024 3,397.74 1004 JOHNSON BROTHERS LIQUOR COMPANY 09/10/2024 5,241.32 1005 JOHNSON BROTHERS LIQUOR COMPANY 09/10/2024 21,700.80 1006 JOHNSON BROTHERS LIQUOR COMPANY 09/10/2024 14,705.47 1044 JOHNSON BROTHERS LIQUOR COMPANY 09/10/2024 11,588.34 10785 KATH FUEL OIL SERVICE 09/10/2024 785.00 10797 KONICA MINOLTA BUSINESS 09/10/2024 400.00 2028 LADONA CERVECERIA 09/10/2024 182.00 2045 LIBATION PROJECT 09/10/2024 764.04 2010 LUPULIN BREWING 09/10/2024 691.58 1125 MAVERICK (NEGOCE)09/10/2024 294.96 12742 MCMA 09/10/2024 175.00 2029 MEGA BEER 09/10/2024 559.15 10916 MENARDS LUMBER 09/10/2024 15.34 13241 METRO INET 09/10/2024 145.00 10931 METROPOLITAN COUNCIL WASTEWATER 09/10/2024 68,558.63 10963 MINNEAPOLIS SAW COMPANY INC 09/10/2024 5.96 13400 MINNESOTA DEPARTMENT OF HEALTH 09/10/2024 80.00 13 City of St Anthony Village CITY OF ST ANTHONY CHECK REGISTER Page: 2 Check Issue Dates: 8/30/2024 - 9/10/2024 Sep 05, 2024 12:06PM Vendor Number Payee Check Issue Date Amount 13162 MNSPECT LLC 09/10/2024 7,719.47 2006 MODIST BREWING COMPANY 09/10/2024 302.26 12058 MSSA 09/10/2024 100.00 13394 NORTH VALLEY INC 09/10/2024 792,966.73 2052 NOTHING BUT HEMP LLC 09/10/2024 841.00 2038 OLIPHANT BREWING 09/10/2024 470.00 12779 OPTION ONE MECHANICAL LLC 09/10/2024 347.00 13399 OUVERSON SEWER AND WATER 09/10/2024 7,000.00 11185 PACE ANALYTICAL SERVICES INC.09/10/2024 749.00 13396 PAINTERS GEAR INC.09/10/2024 1,588.35 1012 PAUSTIS & SONS 09/10/2024 3,940.00 1001 PHILLIPS WINE & SPIRITS 09/10/2024 3,741.09 1002 PHILLIPS WINE & SPIRITS 09/10/2024 7,437.61 12747 PRECISE MRM LLC 09/10/2024 69.00 2019 PRYES BREWING COMPANY 09/10/2024 1,320.75 1062 RED BULL DISTRIBUTION COMPANY 09/10/2024 180.70 2047 RUE 38 LLC 09/10/2024 116.50 2018 SMALL LOT WINES 09/10/2024 101.00 1024 SOUTHERN GLAZER'S OF MN 09/10/2024 2,942.89 1008 SOUTHERN GLAZER'S OF MN 09/10/2024 1,614.57 1026 SOUTHERN GLAZER'S OF MN 09/10/2024 15,065.26 1036 SOUTHERN GLAZER'S OF MN 09/10/2024 381.84 11441 SPIESS/JEFF 09/10/2024 45.76 11994 STERICYCLE INC 09/10/2024 49.49 11502 STREICHERS 09/10/2024 38.97 12026 SUBURBAN RATE AUTHORITY 09/10/2024 488.00 12920 SVAP III SILVER LAKE VILLAGE LLC 09/10/2024 5,268.80 11612 TWIN CITY JANITOR SUPPLY 09/10/2024 62.30 11674 VERIZON WIRELESS 09/10/2024 1,805.25 1025 VINOCOPIA 09/10/2024 1,341.00 10206 WHITE CAP LP 09/10/2024 46.12 1034 WINE COMPANY THE 09/10/2024 2,373.50 1038 WINE MERCHANTS INC 09/10/2024 5,924.40 1032 WINEBOW 09/10/2024 1,253.25 2022 WOODEN HILLS BREWERING 09/10/2024 459.90 11740 XCEL ENERGY 09/10/2024 22,187.30 Grand Totals: 1,169,897.18 14 CITY OF SAINT ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 24-058 A RESOLUTION DESIGNATING COUNCILMEMBER ELNAGDY AS A PARTICIPANT IN OUTSIDE ORGANIZATIONS FOR 2024 BE IT RESOLVED, by the City Council of the City of Saint Anthony Village hereby designates Councilmember Elnagdy as a participant in the following outside organizations for 2024: St. Anthony Community Services Advisory Board St. Anthony Village Kiwanis Adopted this 10th day of September, 2024. ______________________________________ Wendy Webster, Mayor ATTEST:____________________________ Jennifer Doyle, City Clerk Review for Administration: _____________________________________ Charlie Yunker, City Manager 15 THIS PAGE LEFT INTENTIONALLY BLANK 16 MEMORANDUM      To:  City of Saint Anthony Village City Council  From: Deborah Maloney, Finance Director and Charlie Yunker, City Manager   Date:  August 27, 2024 City Council Meeting  Request: 2025 Preliminary Levy & General Fund Budget        BACKGROUND  The 2025 budget and levy process began on June 11th when a revised Street Improvement Plan was presented  for the City Council’s consideration of 2025 improvements that included street reconstruction and mill and  overlay improvements. Staff also reviewed the extensive mill and overlay projects for 2024 and 2025 and the  resulting impact on the 2025 debt service levy. At the June 25th City Council work session, the City Council and  staff reviewed the updated Street Improvement schedule and its impact on the 2025 Debt Levy. The Debt Levy  provides funding for 2025 debt service payments for the Road Improvement debt, Lease Revenue debt (city  buildings) and the Tax Abatement debt (parks and sidewalks). The proposed 2025 Debt Levy is part of the  requested approval of the Preliminary Levy for 2025 at tonight’s City Council Meeting and Public Hearing.   At the July 9th work session, Staff provided the City Council with an early projection regarding the overall levy  and General Fund Budget incorporating known cost increases and inflationary assumptions. This included the  Housing Redevelopment Authority (HRA), Capital Equipment, Building, Parks and Infrastructure Improvement  Funds. Council affirmed the adjustments to the various capital levies that are consistent with the long‐term  capital plans and directed staff to incorporate the items discussed into the 2025 Budget and Levy, and expressed  the desire for a levy increase of no more than 5%. Staff continued to analyze actual costs with new information  provided by vendors, contractual service providers, and labor negotiation developments, which were presented  at the August 15th Council work session and an updated presentation at the August 27th Council Meeting.   Staff presented the draft 2025 budget and levy on August 27th projecting a 4.65% levy increase. Since that  meeting further negotiations have taken place with the city’s labor unions, and information from comparable  cities show that market adjustments are needed across all functions to remain competitive. Negotiations are still  on‐going, and as a result staff is proposing to set the Preliminary Levy at the number below, which represents a  6% increase over 2024. This will allow for flexibility to complete labor negotiations and would be the high  mark for the 2025 levy. Staff will present options to bring the levy increase at or below 5% for consideration  before the Truth in Taxation presentation on December 10, 2024.  The Levy proposed below reflects these work session discussions. The proposed 2025 overall levy is $9,742,239,  which represents an increase of $551,106 or a 6.00% increase compared to the 2024 overall levy.    2024 $ Change 2025 % Change General  Fund 5,938,338$        458,606$             6,396,944$       7.72% HRA  Fund 209,414              209,414             0.00% CIP Fund 368,200              60,000                  428,200             16.30% Combined Debt Service  & Infrastructure  Funds 2,562,181           ‐                         2,562,181         0.00% Building Improvement Fund 98,000                 17,500                  115,500             17.86% Park Improvement Fund 15,000                 15,000                  30,000               100.00% Total  9,191,133$        551,106$             9,742,239$       6.00% 17   Staff acknowledges Council’s request to keep the levy increase under 5% increase from 2024. And as stated, in  upcoming capital funds discussions options can be discussed for alternative measures to decrease the levy prior  to the final levy adoption in December. To provide context for the current environment, staff has initial levy  increase information from area cities, listed below. The average preliminary levy increase for the list of cities  below is 10.48%.  Roseville St. Paul  Shoreview Falcon Heights  North St. Paul New Brighton  White Bear Lake White Bear Township  Mounds View  Vadnais Heights  Maplewood  Lauderdale  Arden Hills       GENERAL FUND BUDGET AND LEVY  The standard parameters used for preparing the General Fund Budget and Levy include:    City revenues budgeted at current run rates for sources that are subject to trends and conservative  baseline estimates for re‐occurring aids and charges for services.   Expenses budgeted at amounts that will maintain present level of City services.    Liquor transfers to the General Fund based on liquor operating results from the previous 5‐7 years and  the long‐term needs of the fund.  THE GENERAL FUND BUDGET AND LEVY DETAILS  Each year the General Fund revenue and expenditure budget line items are examined for changes in expected  collections/charges, labor adjustments, changes in contract rates, insurance rates, utility costs, usage of various  materials or needs, etc. The findings of this examination produce the drivers associated with the proposed  6.00% increase in the Overall Levy. The chart below demonstrates what the cost drivers for general fund dollars  Administration 9% Finance 4% Police 50% Fire 17% Public  Works 10% Parks 4% All Other 6% GENERAL FUND  EXPENDITURES BY  DEPARTMENT Personnel Costs 71% Contracted  Services 10% Other  Insurance  Costs 5% Pass  Through  Costs 3% Remaining  Line Items 11% GENERAL FUND  EXPENDITURES BY  CATEGORY 18 are and how they are allocated. It may be noted that when police and finance costs are netted with offsetting  contract revenues their portions are reduced to 44% and 3% respectively.  GENERAL FUND EXPENDITURES    PERSONNEL COSTS – 71% of expenditures, overall budgeted costs increased by 749,652 comprised of 11.46%  increase in Payroll & related expenses and 10.77% increase in health insurance costs.   The 2025 base wage increase is based on the anticipation of city’s unions accepting a 3% cola along with  appropriate market adjustments. The net cost impact on reoccurring wage base is $442,961. Other  factors creating the additional $233,766 of costs are as follows:  O The police department budget includes the full year impact of restoring the lieutenant  position and adding a VCET officer in 2024. These additions occurred mid‐year. The budget  impact is an increase of $152,860 in 2025.  O Similarly, the assistant fire chief position was added midyear in 2024, the impact of the full  year of the position in 2025 will be an increase of $68,828.   O Union negotiations are still ongoing, with high market demands driving up requests and  having a more significant impact on the levy than in previous years.  O Health insurance premium increase of 9.1 % is shared 50/50 by the city and the employees.  The 2025 impact of the shared increase is $72,925 (includes elected coverage changes from  2023 to 2024).     CONTRACTED SERVICES – 10% of expenditures, net decrease of ($60,980) mainly as a result of Hennepin County  Board of Commissioner’s decision to no longer charge cities for assessing services; this will be levied through the  county’s levy going forward.   Construction permits inspections budgeted at an increasing baseline activity has results in greater  expense of $5,394. This increase has no impact on the levy as the inspection fee is a percentage of  permit revenue received.    Assessor (decrease of $82,000), attorney – reduced budgeted contingency, auditor, engineer and  planner services reflect rates and activity in these accounts. The net result of these factors is cost  decrease of ($107,000)   Contracted information technology costs up $22,383.   Miscellaneous service contracts are estimated to increase by $18,940. This is driven by police and fire  increases in contracted costs, and remaining costs impacted by inflation.    OTHER INSURANCE COSTS – 5% of expenditures, overall costs up by $17,575.   The worker's compensation insurance experience rating improved by 11% in the 2024‐2025 renewal  period, combined with overall rate reductions of 15% resulted in a savings of 16.86% for the 2024/2025  policy renewal, resulting in a savings of $58,230 in workers’ compensation premiums for the policy year.  The budget year is a combination of half prior policy renewal rates and half current policy renewal rates,  resulting in a smaller overall increase when combined with the prior year increase of 17.2%   Liability, property and casualty premiums are projected increase by $24,469 in 2025. Main contributors  to this are a 16.35% increase in municipal liability, 32.56% increase in auto, and 19.5% increase in excess  liability premiums, the net increase is 13.64 %    PASS THROUGH COSTS – 3% of expenditures, costs up $59,254.   19  The substantial portion of the increase represents an estimated $72,000 increase in fire relief payments  made from state fire aid. This is offset by revenue of the same amount and is an accounting requirement  with no net levy impact. The transfer for rent from the community center returned to the 2023 amount,  a reduction of $15,000.    REMAINING BUDGET LINE ITEMS – 11% of overall expenditures or $1,083,574, costs are up $51,732.    Energy costs make up $4,377 of this increase.    Anticipated inflationary factors have been applied to many of the supplies, printing, and repair and  maintenance services pushing these costs up by $21,622.    Budgeted costs for communications, memberships and training, community inclusion and sustainability  initiatives and other miscellaneous items are up $25,733 compared to 2024.    GENERAL FUND REVENUES    • Liquor transfer to the General Fund will be $275,000 same as 2024.  • 2025 State funded Local Government Aid reflects increases by only $921.  • Police contracted services is estimated to increase by $68,688, a 7% increase.  • Excess Tax Increment collections are projected to increase by $100,000 in 2025.    The chart below demonstrates the percentage of revenue sources that fund the general fund:         Tax Levy,  64% Licenses,  Permits, &  Fines, 4% Intergov't  Revenue,  12% Contracts,  13% Miscellaneous,  2% Transfers,  5% GENERAL FUND  REVENUES 20 HRA BUDGET AND LEVY    The 2025 HRA Budget and Levy is proposed at the same amount as 2024, 0% Levy increase.    The 2025 Debt Related Levies and Street improvement Levies are proposed to increase by $0 over the 2024  combined debt levies. The 2025 Street project includes a Street and Utility reconstruction, a mill and overlay  plan for streets and alleys, and a possible repaving of Central Park trail and basketball court. The transitioning of  the debt levy to infrastructure levy began with 2024 Levy. The 2025 debt levy certified will be $1,479,020. This is  a decrease of $447,714 compared to the 2024 debt levy. This decrease in levy will allow the City to increase its  Infrastructure Levy by the same sum. The results in a combined flat levy impact for the street improvement  program for a sixth consecutive year.      CAPITAL FUNDS    The 2025 Capital Improvement Program (CIP) levy is proposed to increase by $60,000. The 2025 Building  Improvement levy is proposed to increase by $17,500, the Park Improvement levy us proposed to increase  $15,000. These levy increases are recommended for the health of the city’s long‐term capital improvement  plans. Council will review the Capital Improvement Plan in October.     21 Path to the 2025 Tax Levy              Cost of Services: $10,426,440 Police, Fire, Public Works, Parks, Emergency Mgmt, Finance, Administration, HRA City Revenues Generated: $3,820,082 Licenses and Permits Intergovernmental Aids Charges for Services, Fines, Reimbursements and Transfers Gap: $6,606,358 Levy Amount $6,606,358 Buildings Maintenance & Equipment Replacement: $350,000 - $1,000,000* City Buildings, Fleet, Snow Plows, Fire Engines, Equipment, Technology, Park Shelters City Revenues Generated: $265,500 Transfers, Equipment Sales, Park Dedication Fees, Grants, Fees Gap: $573,700* Levy Amount $573,700 Debt Service Obligations & Street costs: $3,257,030 Street and Utilities Reconstruction, Parks and City Facilities Debt Levy Reduction Program Resources: $694,849 Municipal State Aid, Excess Bond Funds, Project Savings, Stormwater Fees Gap: $2,562,181 Levy Amount $2,562,181 Total Levy Amount $9,742,239 Cost of Services Less Operational Revenues Leaves a Funding Gap, which Equals Levy Need  Replacement Costs Less Generated Revenues Leaves Funding Gap, which Equals Levy Need  Debt Payments and Infrastructure Costs Less Debt Reduction Resources Leaves a Funding  Gap, Which Equals Levy  Operating Funds Capital Improvement Debt/Infrastructure * Annual needs range from  $350,000 ‐ $1,000,000 based  on timing of replacement.   * Gap determined by  monitoring fund balance  annually to maintain 15‐ year replacement plan.   22     UPCOMING BUDGET MEETINGS      At the October 8, 2024 Council work session, Staff will present the proposed 2025 updates to the long‐term  capital budget plans and final levy options.    At the October 22, 2024 Council work session, Staff will present the proposed 2025 utility rate adjustments and  budgets    At the October 22, 2024 City Council meeting, Staff will present the 2025 long term capital budgets as revised.  Requested City Council action will be the approval of 2025 capital levies and long‐term plans.     The final presentation of the 2025 Budget and Property Tax Levy (Truth in Taxation) hearing is scheduled for  the December 10, 2024 Council Meeting.  At the meeting, Staff will present a recap of the final 2025 Budget and  the 2025 Property Tax Levy’s impact on property tax bills.      RECOMMENDATION  Staff recommends setting the 2025 Preliminary Levy as presented, representing a 6% overall levy increase from  2024. This would be the possible high mark for the 2025 levy, and staff will present options to bring the levy  increase at or below 5% for consideration before the Truth in Taxation presentation on December 10, 2024.                23 9/6/2024 1 2025 PROPOSED BUDGET September 10, 2024 2025 BUDGET CALENDAR January 17‐19, 2024:  Goal Setting,  Financial Management and Planning February 13, 2024:  Public Hearing/Provide    Residents with an opportunity to have input  in the 2025 Budget process. 24 9/6/2024 2 2025 BUDGET CALENDAR February  –April 2024: City Council work sessions with City Manager, Finance Director  and City Engineer to discuss the 2025 Debt levy and Updated 2025 Street and Utility  improvements plan.  2025 BUDGET CALENDAR April –May 2024: Staff Meetings with Department Heads – Discussion on  2025 Operating Budget and Capital Budgets ‐using City’s Budget Parameters: •City revenues budgeted using current run rates for sources that are subject to  trends and conservative baseline estimates for re‐occurring aids and charges for  services •Expenses budgeted at amounts that will maintain present level of City services  •Liquor transfers are based on operating results June ‐August 2024: Further work sessions with Council – Discussing Staff  Proposals for 2025 Operating and Capital Budgets. 25 9/6/2024 3 2025 BUDGET CALENDAR August 27, 2024: Presentation of the  Proposed 2025 Operating Budget &  Property Tax  Levy to the City Council. September 10, 2024: Resolution  passed: Setting the proposed 2025  Operating Budget and Property Tax  Levy.   Announce the date and time at which the  final Budget and Tax  Levy will be discussed. 2025 BUDGET PARAMETERS •City revenues budgeted using current run rates for sources that are subject to  trends and conservative baseline estimates for reoccurring aids and charges for  services •Expenses budgeted at amounts that will maintain present level of City services  •Liquor transfers are based on liquor operating results 26 9/6/2024 4 CHANGES SINCE AUGUST 27, 2024 MEETING PRESENTATION •Labor negotiations have made it clear that market adjustments are needed  across all functions to remain competitive in attracting and retaining staff •This is based on current wages and known future wage increases for comparable cities to  Saint Anthony Village •This has resulted in a needed levy increase of over 5% based on the draft 2025  Budget and Levy •Staff is recommending setting a preliminary levy increase of 6% to accommodate the market  wage pressure. This sets a high mark, with final adoption to take place in December. •Staff will present options to lower the levy increase during the Capital Funds  discussions, which is the next step in the budget process 2025 BUDGET - COST DRIVERS Initial Levy increase information from area cities, listed below indicates the  current environment. The average preliminary levy increase for the list of  cities below is a 10.48%increase from 2024 final levy Roseville St. Paul Shoreview Falcon Heights North St. Paul New Brighton White Bear Lake White Bear Township Mounds View Vadnais Heights Maplewood Lauderdale Arden Hills 27 9/6/2024 5 PATH TO THE 2025 TAX LEVY Cost of Services Less Operational Revenues Leaves a Funding Gap, Which Equals Levy Need Cost of City Services: $10,426,440 Police, Fire, Public Works, Parks, Emergency Management, Finance Administration and HRAOperating FundsCity Revenues Generated: $3,820,082 Licenses and Permits Intergovernmental Aids, Charges for Services, Fines, Reimbursements and Transfers Gap: $6,606,358 Levy Amount $6,606,358 PATH TO THE 2025 TAX LEVY Replacement Costs Less Generated Revenues Leaves a Funding Gap, Which Equals Levy Need Capital Improvement* Annual needs range from  $350,000 ‐$1,000,000  based on timing of  replacement.  Buildings Maintenance & Equipment Replacement: $350,000 - $1,000,000* City Buildings, Fleet, Snow Plows, Fire Engines, Equipment, Technology, Park Shelters City Revenues Generated: $265,500 Transfers, Equipment Sales, Park Dedication Fees, Grants, Fees Gap: $573,700* Levy Amount $573,700 * Gap determined by  monitoring fund  balance annually to  maintain a 15 year  replacement plan.  28 9/6/2024 6 PATH TO THE 2025 TAX LEVY Debt Payments Less Debt Reduction Resources Leaves a Funding Gap, Which Equals Levy Need Debt/Infrastructure LevyLevy Amount $2,562,181 Gap: $2,562,181 2024 Debt Service Obligations & Street cost funding: $3,257,030 Street and Utilities Reconstruction, Parks and City Facilities Debt Levy Reduction Program Resources: $694,849 Municipal State Aid, Excess Bond Funds, Project Savings, Stormwater Fees Total Levy Amount $9,742,239 GENERAL FUND AND LEVY 2025 2024 Increase General/HRA $6,606,358 $6,147,752 458,606 Debt Service and  Infrastructure Funds $2,562,181 $2,562,181 $0 Capital/Building/Parks Improvements $573,700 $481,200 $92,500 Overall Levy $9,742,239 $9,191,133 $551,106 Total  Percent Change 6.00% 29 9/6/2024 7 OVERALL LEVY BY FUND TYPE General/HRA 67% Debt Service and Infrustructure Funds 27% Capital/Building/Parks Improvements 6% 2025 GENERAL FUND REVENUES Tax Levy 64% Licenses, Permits, & Fines 4% Intergov't Revenue 12% Contracts 13% Miscellaneous 2% Transfers 5% 30 9/6/2024 8 WHAT DOES THE GENERAL FUND LEVY SUPPORT? •The following city services: Administration Police Fire Public Works Finance Parks •In 2024 the average homeowner paid $1,693 for City services Home valued at $411,250 $141/month 2025 GENERAL FUND EXPENDITURES Administration 9%Finance 4% Police 50% Fire 17% Public Works 10% Parks 4% All Other 6% 31 9/6/2024 9 2025 BUDGET - COST DRIVERS PERSONNEL COSTS – 71% of expenditures, overall budgeted costs increased  by 749,652   The 2025 base wage increase is based on the anticipation of city’s unions  accepting a 3% cola along with appropriate market adjustments. The net cost  impact on reoccurring wage base is $442,961. Other factors creating the  additional $233,766 of costs are as follows: o The police department budget includes the full year impact of restoring the lieutenant position  and adding a VCET officer in 2024. These additions occurred mid‐year. The budget impact is an  increase of $152,860 in 2025. o Similarly, the assistant fire chief position was added midyear in 2024, the impact of the full year  of the position in 2025 will be an increase of $68,828. 2025 BUDGET - COST DRIVERS PERSONNEL COSTS – 71% of expenditures, overall budgeted costs increased  by 504,897 or 8.55%  (continued) Union negotiations are still ongoing, with high market demands driving up requests and  having a more significant impact on the levy than in previous years. Health insurance premium increase of 9.1 % is shared 50/50 by the city and the  employees. The 2025 impact of the shared increase is $72,925 (includes elected coverage  changes from 2023 to 2024).  32 9/6/2024 10 2024 BUDGET - COST DRIVERS CONTRACTED SERVICES – 10% of expenditures, net decrease of ($60,980) mainly as a  result of Hennepin County Board of Commissioner’s decision to no longer charge cities  for assessing services; this will be levied through the county’s levy going forward. Construction permits inspections budgeted at an increasing baseline activity has  results in greater expense of $5,394. This increase has no impact on the levy as the  inspection fee is a percentage of permit revenue received. Assessor (decrease of $82,000), attorney – reduced budgeted contingency, auditor,  engineer and planner services reflect rates and activity in these accounts. The net  result of these factors is cost decrease of ($107,000) Contracted information technology costs up $22,383. Miscellaneous service contracts are estimated to increase by $18,940. This is driven  by police and fire increases in contracted costs, and remaining costs impacted by  inflation. 2024 BUDGET - COST DRIVERS OTHER INSURANCE COSTS –5% of expenditures, overall costs up by $17,575. The worker's compensation insurance experience rating improved by 11% in the 2024‐2025 renewal period, combined with overall rate reductions of 15% resulted in a savings of  16.86% for the 2024/2025 policy renewal, resulting in a savings of $58,230 in workers’  compensation premiums for the policy year. The budget year is a combination of half prior  renewal period rates and half current renewal period rates, resulting in a small overall  increase when combined with the prior year increase of 17.2% Liability, property and casualty premiums are projected increase by $24,469 in 2025. Main  contributors to this are a 16.35% increase in municipal liability, 32.56% increase in auto, and  19.5% increase in excess liability premiums, the net increase is 13.64 % 33 9/6/2024 11 2024 BUDGET - COST DRIVERS PASS  THROUGH COSTS –3% of expenditures, costs up $59,254.  The substantial portion of the increase represents an estimated $72,000 increase  in fire relief payments made from state fire aid. This is offset by revenue of the  same amount and is an accounting requirement with no net levy impact. The  transfer for rent from the community center returned to the 2023 amount, a  reduction of $15,000. REMAINING BUDGET LINE ITEMS – 11% of overall expenditures or $1,083,574, costs  are up $51,732.  Energy costs make up $4,377 of this increase.  Anticipated inflationary factors have been applied to many of the supplies,  printing, and repair and maintenance services pushing these costs up by $21,622.  Budgeted costs for communications, memberships and training, community  inclusion and sustainability initiatives and other miscellaneous items are up  $25,733 compared to 2024. 2024 BUDGET - OTHER FACTORS •Liquor transfer to the General Fund will be $275,000 same as 2024. •2025 State funded Local Government Aid reflects increases by only $921. •Police contracted services is estimated to increase by $68,688, a 7% increase. •Excess Tax  Increment collections are projected to increase by $100,000 in  2025. 34 9/6/2024 12 2025 PROPOSED LEVIES 2024 Actual 2025 Proposed $ Increase ($ Decrease) % Change General Fund $5,479,630 $6,396,944 $458,606  HRA Fund $209,414 $209,414 $0 Debt Service Funds $1,926,734 $1,458,695 ($468,039) Capital Improvement $368,200 $428,200 $60,000  Building Improvement $98,000 $115,500 $17,500  Infrastructure Improvement $635,447 $1,103,486 $468,039  Park Improvement $15,000 $30,000 $15,000  Total Change $9,191,133 $9,742,239 $551,106 6.00% SUMMARY OF 2025 BUDGET •General Fund operating budget totals $10,217,026 supported by a property tax levy of  $6,396,944 •Personnel costs represent 71% of General Fund expenditures: •Personnel costs up $676,727.18 or 11.46% •Wages and benefits for $442,961 COLA and market adjustments •The full year impact of 2024 new positions implemented mid‐year is $233,766 •Health insurance costs up $72,925  •Other Insurance expenditures up $17,575  •Contracted services down $28,982 •Capital Funds levies increased by $92,500 •Increase in all levies totals $551,106 or 6.00%  35 9/6/2024 13 GRANTS/DONATIONS – PARTNERSHIPS •Since 1999 to date: City has been awarded $35,070,091 Grants Donations from local businesses/residents $3,778 per resident (Based on population of 9,234) •Partnerships: City of Birchwood Village NEXT STEPS At this September 10, 2024 City Council meeting, Staff will present the preliminary 2025 Budget and  Property Tax  Levy to the City Council for approval. At this meeting a resolution will need to be passed  certifying the preliminary levy to Hennepin and Ramsey Counties. At the October 8, 2024 Council work session, Staff will present the proposed 2025 updates to the long‐term  capital budget plans. At the October 22, 2024 Council work session, Staff will present the proposed 2025 utility rate adjustments  and budgets At the October 22, 2024 City Council meeting, Staff will present the 2025 long term capital budgets as  revised. Requested City Council action will be the approval of 2025 capital levies and long‐term plans.  The final presentation of the 2025 Budget and Property Tax  Levy (Truth in Taxation) hearing is scheduled  for the December 10, 2024 Council Meeting.  At the meeting, Staff will present a recap of the final 2025  Budget and the 2025 Property Tax  Levy’s impact on property tax bills. 36 9/6/2024 14 QUESTIONS?Call Finance Director: Deborah Maloney 612‐782‐3316 37 NOTICE OF A PUBLIC HEARING September 10, 2024, 7:00 p.m. City Hall, 3301 Silver Lake Road, St. Anthony, MN 55418 Notice is hereby given that the City of Saint Anthony Village City Council will hold a public hearing regarding the 2025 Operations Budget and Preliminary Levy Certification. The City Council agenda and packet item relating to this application will be made available prior to the meeting online at www.savmn.com. Ways to Comment: In Person The public is welcome to attend in person at the City of Saint Anthony Community Center, 3301 Silver Lake Road, in the Council Chambers at 7:00 p.m. Written Written comments may be taken at the St. Anthony Village City Hall, 3301 Silver Lake Road, St. Anthony Village, Minnesota 55418 until the date of the public hearing. Comments can also be conveyed via email, to deborah.maloney@savmn.com until the date of the public hearing. Questions? Questions may be directed to the Finance Director at 612-782-3316. Deborah Maloney Finance Director 38 CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 24-059 A RESOLUTION SETTING THE PRELIMINARY 2025 TAX LEVY AND GENERAL OPERATING BUDGET FOR THE CITY OF ST. ANTHONY VILLAGE WHEREAS, Minnesota State Law requires that the City of St. Anthony Village provide Hennepin and Ramsey Counties with a final 2025 certified property tax levy and operating budget; and WHEREAS, the City Council held a work session on June 25th reviewing the infrastructure improvement schedule and 2025 Debt Levy requirements; and met at July 9thth and August 15th work sessions to review the initial 2025 Budget and Property Tax Levy estimates. WHEREAS, the City Council further reviewed the proposed 2025 property tax levy and general operation budget at the August 27, 2024, City Council meetings; and WHEREAS, the scheduled debt levy for Series 2015A (9411) in the amount of 183,886.06 is cancelled and will be levied at a reduced amount of 163,885.91 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2016A (9413) in the amount of 106,568.46 is cancelled and will be levied at a reduced amount of 86,568.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2016B (9414) in the amount of 96,390.00 is cancelled and will be levied at a reduced amount of 0.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2017A (9415A) in the amount of 72,345.00 is cancelled and will be levied at a reduced amount of 0.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2017A (9415C) in the amount of 189,575.15 is cancelled and will be levied at a reduced amount of 174,575.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2018A (9416) in the amount of 178,737.45 is cancelled and will be levied at a reduced amount of 148,737.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2019A (9417C) in the amount of 126,544.00 is cancelled and will be levied at a reduced amount of 116,544.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2020A (9419A) in the amount of 232,855.85 is cancelled and will be levied at a reduced amount of 107,855.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2021A (9420A) in the amount of 153,823.41 is cancelled and will be levied at a reduced amount of 53,823.00 and there are sufficient funds on hand to cover the debt service payment; and 39 WHEREAS, the scheduled debt levy for Series 2021A (9420B) in the amount of 112,157.42 is cancelled and will be levied at a reduced amount of 99,657.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2022A (9421) in the amount of 191,364.97 is cancelled and will be levied at a reduced amount of 1,364.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the preliminary tax levy and budget is contingent upon any revisions allowed if the current law is modified; and WHEREAS, the City Council will determine a final property tax levy and budget at the Tuesday, December 10, 2024, public hearing held at 7:00 p.m. in the Council Chambers. NOW, THEREFORE, BE IT RESOLVED that: 1)The Preliminary 2024 Property Tax Levy is: General Operating Levy $6,396,944 Capital Improvement Project Levy $ 428,200 Debt Service Levy $1,458,695 Housing and Redevelopment Authority Levy $ 209,414 Building Improvement Levy $ 115,500 Infrastructure Levy $ 1,103,486 Park Improvement Levy $ 30,000 $9,742,239 2)The preliminary 2025 General Fund Operating Budget totals $10,217,026 Adopted this 10th day of September, 2024. _________________________________ Wendy Webster, Mayor ATTEST: _________________________ Jennifer Doyle, City Clerk Reviewed for administration: _________________________________ Charlie Yunker, City Manager 40 MEMORANDUM To:Mayor Webster and St. Anthony Village City Council From:Stephen Grittman, City Planner Date:City Council Meeting – September 10, 2024 GC Project No.140.00 Request:Cannabis – Zoning Ordinance Amendments Property Address: NA Property PID:NA PROJECT DESCRIPTION As has been discussed, the State of Minnesota has passed legislation during the 2023 legislative session legalizing various aspects of cannabis use, sales, agriculture, and manufacturing. This legislation follows 2022 legalization of certain low-potency hemp-based THC products. The City of St. Anthony subsequently adopted regulations for hemp-THC products. In August of 2023, the City adopted a moratorium on cannabis-related businesses (as authorized by the legislation), in anticipation of the State’s establishment of agency and rule- making activities. The State has created the Office of Cannabis Management (OCM) to carry out the requirements of the legislation, with an originally-anticipated start date of January, 2025. While that date may shift some, the City is seeking to update its zoning regulations to comply with the local land use impacts of the legislation. OCM has now developed a model ordinance for local government use and fine-tuning. Staff has updated the model ordinance to fit St. Anthony’s formatting and policy choices (Exhibit A). These retain the prohibition on use in public places, and a separation buffer from specific land uses (1,000 feet for schools, 500 feet for parks regularly used by minors, and 300 feet for child care facilities and substance-abuse treatment facilities. COUNCIL ACTION The draft ordinance regulating cannabis business is attached for review and consideration as a first reading. As noted below, the Planning Commission recommended approval, with discussion of the specific sections and notes below, staff requests approval of the first reading of this ordinance. 41 September 10, 2024 Page 2 PROPOSED ORDINANCE The ordinance has a few areas of local choice, but generally, the State will handle all licensing, with local governments reviewing the suitability of a location per its zoning district and building code compliance. Sections (A) through (G) in the attached draft ordinance are largely administrative function or process requirements. There are a few areas of additional consideration, including the following: 1.Number of licensed retail establishments. The state requires that all jurisdictions allow at least one license for every 12,500 residents – the second license kicking in at a population of 12,501. This draft ordinance anticipates the City limiting its licensees to the one required, although the City can choose to allow more if it wishes to do so. This limitation is found in Section (K) in the attached version. 2.Location Change. In Section (H), the City can choose to require a licensed retailer to restart the full registration application process, or allow a new location simply by notification from OCM. The Planning Commission’s discussion was mixed, landing with a recommendation of the notification option only, rather than the more extensive re- registration. The Commission’s consensus was “Option b” (highlighted in yellow). 3.Mixed Industrial/Retail Operations. The statute creates a class of retail licensees identified as “Microbusinesses” and “Mezzobusinesses”. These are essentially industrial operations (growers, processors, etc.) distinguished from each other by size of operation. However, they are distinguished from other industrial operations in that they are permitted to obtain a “Retail Endorsement”, permitting them to both process cannabis products and sell products at retail. The comparable use would be a brewer- taproom in which the brewer is producing alcoholic beverages and operating an on-site drinking establishment. Any retailers (including these) are subject to the buffer requirements in Note 1. above. However, this draft is written to exclude retail operations from the City’s industrial areas – such that any micro- or mezzo-business would not be permitted to offer on-sale products at locations in the industrial districts. This language is included in Section (M)(1) and (2). If on-site consumption similar to a taproom is preferred, this section would require revision. 4.Hours of Operation. As a general rule, it is expected that a retail cannabis facility will maintain typical retail hours. The state legislation allows the City to set more restrictive hours; however, staff is not recommending this level of regulation. The legislation establishes maximum retailing hours requiring closure of any retail operation between 2:00am and 8:00am, Monday through Saturday, and 2:00am and 10:00am on Sundays. The legislation permits the City to limit hours to 10:00am and 9:00pm. The Planning Commission discussed this aspect of the code, and also recommended no additional limits on hours of operation. Since the zoning ordinance sites a retail facility in a standard commercial retail district, it is expected that standard commercial hours 42 September 10, 2024 Page 3 will be followed. The Council has the ability to update this issue if it is found that specific concerns arise related to hours of operation. The relevant section, if the Council decides to do so, is found in Section (N) of the attached draft ordinance. 5.Odor. There is language in the statute that references an ability to regulate uses based on odor, however, it is not clear at all how this would be accomplished or enforced. The City’s adopted prohibition of smoking in public places is intended to address the primary objection to odor, which is expected to be smoke. Whereas some industries can create odor emissions, there are PCA limitations on particulate matter and other emissions which could also apply. Staff has researched odor regulations with state and nearby municipalities, and have not found substantive regulations in this regard. While there appears to be some future research in this area, Staff is not currently recommending any additional odor-related regulation due to difficulties with enforcement. The typical regulation would be nuisance violations if odor became a tangible issue. 6.Low Potency Hemp Products. The City is authorized to further limit the low-potency hemp sales currently allowed by law. St. Anthony has adopted a regulation that limits sales of edibles to those businesses that maintain a tobacco sales license. While the OCM will take over licensing of Hemp-infused products, the City will retain the ability to manage sales based on land use. As formulated in the attached draft, staff has recommended that hemp-infused products may be sold only by those establishments that have tobacco sales licenses in the case of off-sale products (such as edible gummies or infused beverages); or by those establishments that have on-sale liquor licenses, in the case of on-site consumption – particularly for infused beverages. The law does not permit the mixing of Hemp/THC infusion with alcoholic beverages. The Low Potency Hemp language is included in the attached draft in Section (Q). 7.Temporary Cannabis Events. The legislation created a requirement that Cities permit temporary “Cannabis Events”. These events are limited to up to four days, and the City can limit location of these events. The City can further limit these events to display of products or other goods, or it may authorize retail sales. The draft ordinance language proposes that if retail sales are proposed, the event site must meet the buffer requirements that other retailers must meet (1,000 from schools, 500 feet from parks, 300 feet from day cares and treatment facilities) (Section (P)(1)(d)). The current draft is also written to prohibit consumption of cannabis products on the premises of the event. This language is found in Section (P)(2). The City has the authority to authorize or prohibit consumption at events. Currently, the City’s ordinance prohibits smoking on public property. However, an event on private property could include consumption/smoking if left unaddressed. This aspect of the Temporary 43 September 10, 2024 Page 4 Event section should be reviewed. If in indoor places, the Minnesota Clean Indoor Air Act would continue to apply. Two other aspects of Temporary Events are optional for the City. The City may restrict events to specific locations (Section (P)(5)), and/or restrict events to specific hours (Section (P)(6)). These items are highlighted for addition Council direction. Apart from these issues, the draft has been written to apply the City’s other Temporary Event requirements for permitting, and use of temporary shelters and sanitation. 8.Other. There are a few administrative options for the City to consider, including how to “register” licensed establishments, enforcing compliance required by the law, and addressing licensee reapplication, among a few others. These aspects of the ordinance address clerical aspects of City operation rather than land use decision-making. STAFF AND PLANNING COMMISSION RECOMMENDATION The Planning Commission voted to pass the draft on to the City Council for its action. The ordinance will typically be heard over three readings. Staff will be reviewing additional cross- section references to ensure that other portions of the City Code are fully updated consistent with the draft ordinance once adopted. The cannabis topic is complex and has many facets that impact local government. Prior decisions on cannabis regulation are incorporated into this comprehensive ordinance, now that the State has created the model ordinance for local guidance. Municipal sales, law enforcement, and other administrative or General Code aspects of the law are left to separate consideration by City Council. ATTACHMENTS Exhibit A:Draft Ordinance Amendment Exhibit B:Minn. Statutes Chapter 342.13 (Local Control) 44 Draft Cannabis Land Use Ordinance (MN State OCM Model) AN ORDINANCE OF THE CITY OF ST. ANTHONY, AMENDING SECTION 154.188 OF THE CITY CODE REGULATING CANNABIS BUSINESSES THE CITY COUNCIL OF THE CITY OF ST. ANTHONY HEREBY ORDAINS: Section 1. Section 154.188 is hereby amended to read as follows: Section 154.188. Cannabis Businesses and Zoning (A) Findings and Purpose (1) The City of St. Anthony (hereinafter “City”) makes the following legislative findings: The purpose of this ordinance is to implement the provisions of Minnesota Statutes, chapter 342, which authorizes the City to protect the public health, safety, welfare of City residents by regulating cannabis businesses within the legal boundaries of City. The City finds and concludes that the proposed provisions are appropriate and lawful land use regulations for City, that the proposed amendments will promote the community's interest in reasonable stability in zoning for now and in the future, and that the proposed provisions are in the public interest and for the public good. (B) Authority & Jurisdiction (1) The City has the authority to adopt this ordinance pursuant to: (a) Minn. Stat. 342.13(c), regarding the authority of a local unit of government to adopt reasonable restrictions of the time, place, and manner of the operation of a cannabis business provided that such restrictions do not prohibit the establishment or operation of cannabis businesses. (b) Minn. Stat. 342.22, regarding the local registration and enforcement requirements of state-licensed cannabis retail businesses and lower- potency hemp edible retail businesses. (c) Minn. Stat. 152.0263, Subd. 5, regarding the use of cannabis in public places. (d) Minn. Stat. 462.357, regarding the authority of a local authority to adopt zoning ordinances. 45 This Ordinance shall be applicable to the legal boundaries of the City of St. Anthony, in both Hennepin and Ramsey Counties, and shall count total licensed facilities as if the City were in one county. (C) Severability If any section, clause, provision, or portion of this ordinance is adjudged unconstitutional or invalid by a court of competent jurisdiction, the remainder of this ordinance shall not be affected thereby. (D) Enforcement The City Manager or designee is responsible for the administration and enforcement of this ordinance. Any violation of the provisions of this ordinance or failure to comply with any of its requirements constitutes a misdemeanor and is punishable as defined by law. Violations of this ordinance can occur regardless of whether or not a permit is required for a regulated activity listed in this ordinance. (E) Definitions (1) Unless otherwise noted in this section, words and phrases contained in Minn. Stat. 342.01 and the rules promulgated pursuant to any of these acts, shall have the same meanings in this ordinance. (2) Cannabis Cultivation: A cannabis business licensed to grow cannabis plants within the approved amount of space from seed or immature plant to mature plant. Harvest cannabis flower from mature plant, package and label immature plants and seedlings and cannabis flower for sale to other cannabis businesses, transport cannabis flower to a cannabis manufacturer located on the same premises, and perform other actions approved by the office. (3) Cannabis Retail Businesses: A retail location and the retail location(s) of a mezzobusiness with a retail operations endorsement, microbusiness with a retail operations endorsement, medical combination businesses operating a retail location, (and/excluding) lower-potency hemp edible retailers. (4) Cannabis Retailer: Any person, partnership, firm, corporation, or association, foreign or domestic, selling cannabis product to a consumer and not for the purpose of resale in any form. (5) Daycare: A location licensed with the Minnesota Department of Human Services to provide the care of a child in a residence outside the child's own home for gain or otherwise, on a regular basis, for any part of a 24-hour day. (6) Lower-potency Hemp Edible: As defined under Minn. Stat. 342.01 subd. 50. (7) Office of Cannabis Management: Minnesota Office of Cannabis Management, referred to as “OCM” in this ordinance. 46 (8) Place of Public Accommodation: A business, accommodation, refreshment, entertainment, recreation, or transportation facility of any kind, whether licensed or not, whose goods, services, facilities, privileges, advantages or accommodations are extended, offered, sold, or otherwise made available to the public. (9) Preliminary License Approval: OCM pre-approval for a cannabis business license for applicants who qualify under Minn. Stat. 342.17. (10) Public Place: A public park or trail, public street or sidewalk; any enclosed, indoor area used by the general public, including, but not limited to, restaurants; bars; any other food or liquor establishment; hospitals; nursing homes; auditoriums; arenas; gyms; meeting rooms; common areas of rental apartment buildings, and other places of public accommodation. (11) Residential Treatment Facility: As defined under Minn. Stat. 245.462 subd. 23. (12) Retail Registration: An approved registration issued by the City to a state- licensed cannabis retail business. (13) School: A public school as defined under Minn. Stat. 120A.05 or a nonpublic school that must meet the reporting requirements under Minn. Stat. 120A.24. (14) State License: An approved license issued by the State of Minnesota’s Office of Cannabis Management to a cannabis retail business. (F) Registration of Cannabis Businesses (1) Consent to registering of Cannabis Businesses No individual or entity may operate a state-licensed cannabis retail business within the City of St. Anthony without first registering with City. Any state- licensed cannabis retail business that sells to a customer or patient without valid retail registration shall incur a civil penalty of (up to $2,000) for each violation. (2) Compliance Checks Prior to Retail Registration Prior to issuance of a cannabis retail business registration, the City shall conduct a preliminary compliance check to ensure compliance with local ordinances. Pursuant to Minn. Stat. 342, within 30 days of receiving a copy of a state license application from OCM, the City shall certify on a form provided by OCM whether a proposed cannabis retail business complies with local zoning ordinances and, if applicable, whether the proposed business complies with the state fire code and building code. (3) Registration & Application Procedure 47 (a) Fees. The City shall not charge an application fee. A registration fee, as established in City’s fee schedule, shall be charged to applicants depending on the type of retail business license applied for. An initial retail registration fee shall not exceed $500 or half the amount of an initial state license fee under Minn. Stat. 342.11, whichever is less. The initial registration fee shall include the initial retail registration fee and the first annual renewal fee. Any renewal retail registration fee imposed by City shall be charged at the time of the second renewal and each subsequent renewal thereafter. A renewal retail registration fee shall not exceed $1,000 or half the amount of a renewal state license fee under Minn. Stat. 342.11, whichever is less. A medical combination business operating an adult-use retail location may only be charged a single registration fee, not to exceed the lesser of a single retail registration fee, defined under this section, of the adult-use retail business. (b) Application Submittal. The City shall issue a retail registration to a state-licensed cannabis retail business that adheres to the requirements of Minn. Stat. 342.22. (c) An applicant for a retail registration shall fill out an application form, as provided by the City. Said form shall include, but is not limited to: 1. Full name of the property owner and applicant; 2. Address, email address, and telephone number of the applicant; 3. The address and parcel ID for the property which the retail registration is sought; 4. Certification that the applicant complies with the requirements of local ordinances established pursuant to Minn. Stat. 342.13. 5. (Insert additional standards here) (d) The applicant shall include with the form: 1. The application fee as required in the City’s Fee Schedule. 2. A copy of a valid state license or written notice of OCM license preapproval. 3. Other information requested by the City Manager determined to be necessary for City registration. (e) Once an application is considered complete, the (insert local government designee) shall inform the applicant as such, process the application fees, and forward the application to the (insert staff/department, or elected body that will approve or deny the request) for approval or denial. 48 (f) The application fee shall be non-refundable once processed. (4) Application Approval (a) A state-licensed cannabis retail business application shall not be approved if the cannabis retail business would exceed the maximum number of registered cannabis retail businesses permitted under Section 154.188 (K). (b) A state-licensed cannabis retail business application shall not be approved or renewed if the applicant is unable to meet the requirements of this ordinance. (c) A state-licensed cannabis retail business application that meets the requirements of this ordinance shall be approved. (G) Annual Compliance Checks. The City shall complete at minimum one compliance check per calendar year of every cannabis business to assess if the business meets age verification requirements, as required under [Minn. Stat. 342.22 Subd. 4(b) and Minn. Stat. 342.24] and this/these [chapter/section/ordinances]. The City shall conduct at minimum one unannounced age verification compliance check at least once per calendar year. Age verification compliance checks shall involve persons at least 17 years of age but under the age of 21 who, with the prior written consent of a parent or guardian if the person is under the age of 18, attempt to purchase adult- use cannabis flower, adult-use cannabis products, lower-potency hemp edibles, or hemp-derived consumer products under the direct supervision of a law enforcement officer or an employee of the local unit of government. Any failures under this section must be reported to the Office of Cannabis Management. (H) Location Change (a) A state-licensed cannabis retail business shall be required to submit a new application for registration under Section 154.188 (F) if it seeks to move to a new location still within the legal boundaries of City. -or - (b) If a state-licensed cannabis retail business seeks to move to a new location still within the legal boundaries of City, it shall notify City of the proposed location change, and submit necessary information to meet all the criteria in this paragraph. (I) Renewal of Registration 49 The City shall renew an annual registration of a state-licensed cannabis retail business at the same time OCM renews the cannabis retail business’ license. A state-licensed cannabis retail business shall apply to renew registration on a form established by City. A cannabis retail registration issued under this ordinance shall not be transferred. (1) Renewal Fees. The City may charge a renewal fee for the registration starting at the second renewal, as established in City’s fee schedule. (3) Renewal Application. The application for renewal of a retail registration shall include, but is not limited to: • Items required under Section 154.188 (F) of this Ordinance (J) Suspension of Registration (1) When Suspension is Warranted. The City may suspend a cannabis retail business’s registration if it violates the ordinance of City or poses an immediate threat to the health or safety of the public. The City shall immediately notify the cannabis retail business in writing the grounds for the suspension. (2) Notification to OCM. The City shall immediately notify the OCM in writing the grounds for the suspension. OCM will provide City and cannabis business retailer a response to the complaint within seven calendar days and perform any necessary inspections within 30 calendar days. (3) Length of Suspension. The suspension of a cannabis retail business registration may be for up to 30 calendar days, unless OCM suspends the license for a longer period. The business may not make sales to customers if their registration is suspended. The City may reinstate a registration if it determines that the violations have been resolved. The City shall reinstate a registration if OCM determines that the violation(s) have been resolved. (4) Civil Penalties. Subject to Minn. Stat. 342.22, subd. 5(e) the City may impose a civil penalty, as specified in the City’s Fee Schedule, for registration violations, not to exceed $2,000. (K) Limiting of Registrations. The City shall limit the number of cannabis retail businesses to no fewer than one registration for every 12,500 residents within the City’s boundaries. The City shall limit the number of cannabis retail businesses to one(1). (L) Requirements for Cannabis Businesses (1) Minimum Buffer Requirements. The City shall prohibit the operation of a retail cannabis business within the following buffer distances, measured from the 50 primary public entrance of the cannabis business to the primary entrance of the use identified herein: (a) 1,000 feet of a school. (b) 300 feet of a day care. (c) 300 feet of a residential treatment facility. (d) 500 feet of an attraction within a public park that is regularly used by minors, including a playground or athletic field. Pursuant to Minn. Stat. 462.367 subd. 14, nothing in Section 3.1 shall prohibit an active cannabis business or a cannabis business seeking registration from continuing operation at the same site if any school, daycare, residential treatment facility, or attraction within a public park that is regularly used by minors moves within the minimum buffer zone. (M) Zoning and Land Use (1) Cannabis businesses licensed or endorsed for Cultivation, Hemp Manufacture, Hemp or Cannabis Wholesale, Cannabis Transportation, Cannabis Delivery, Cannabis Mezzobusiness, or Cannabis Microbusiness, are permitted in the Light Industrial District, and subject to all other regulations of the City Code and as required by Section 154.140 through Section 154.144. Such uses shall not be permitted any retail activity or endorsements to qualify as permitted uses in the L-I, Light Industrial District. (2) Cannabis businesses licensed for cannabis retail are a permitted use in the C- Commercial District, and subject to all other regulations of the City Code and as required by Section 154.120 through Section 125. (N) Hours of Operation [A jurisdiction may adopt an ordinance limiting hours of operation between 10 a.m. and 9 p.m., seven days a week, and that State statute prohibits the sale of cannabis between 2 a.m. and 8 a.m., Monday through Saturday, and between 2 a.m. and 10 a.m. on Sundays.] [The Planning Commission declined to recommend hours of operation limitations beyond those prescribed by the Statute] (O) Advertising. Cannabis businesses are permitted to erect signage as allowed by the City’s sign regulations in Chapter 157 of the City Code. (P) Temporary Cannabis Events. Any individual or business seeking to obtain a cannabis event license must provide OCM information about the time, location, layout, number of business participants, and hours of operation. No cannabis event shall last for more than four (4) days. A cannabis event organizer must receive City approval, including obtaining 51 any necessary permits or licenses issued by a local unit of government before holding a cannabis event. (1) License or Permit Required for Temporary Cannabis Events (a) License Required. A cannabis event organizer license entitles the license holder to organize a temporary cannabis event lasting no more than four days. In addition to the requirements of this section, the applicant shall follow and be subject to the applicable requirements of Section 154.190, Temporary Structures and Uses. (b) Registration & Application Procedure. A registration fee, as established in City’s fee schedule, shall be charged to applicants for Temporary Cannabis Events. (c) Application Submittal & Review. The City shall require an application for Temporary Cannabis Events. (d) An applicant for a temporary cannabis event registration shall fill out an application form, as provided by the City. Said form shall include, but is not limited to: 1. Full name of the property owner and applicant; 2. Address, email address, and telephone number of the applicant; 3. Written authorization of the owner(s) of the premise(s) on which the temporary cannabis event is to be held. 4. Whether the exhibitors or attendees at the event will sell cannabis products at the event. 5. Evidence of compliance with the requirements of the City’s buffer distances in Section 154.188 (L)(1) if retail sales of cannabis products will be permitted. 6. A sketch plan of the premises on which the temporary event will be held, including facilities such as shelters, canopies, restroom facilities, parking, and other related support facilities. (e) The applicant shall include with the form: 1. The application fee as required in Section 154.188 (P)(1)(b); 2. A copy of the OCM cannabis event license application, submitted pursuant to 342.39 subd. 2. The application shall be submitted to the City of St. Anthony, or other designee for review. If the designee determines that a submitted application is incomplete, they shall return the application to the applicant with the notice of deficiencies. 52 (f) Once an application is considered complete, the designee shall inform the applicant as such, process the application fees, and forward the application to the (insert staff/department, or elected body that will approve or deny the request) for approval or denial. (g) The application fee shall be non-refundable once processed. (h) The application for a license for a Temporary Cannabis Event shall meet the following standards: (2) No temporary cannabis event shall permit use or consumption of any cannabis product on the premises of the event. (3) A request for a Temporary Cannabis Event that meets the requirements of this Section shall be approved in accordance with the process for Special Event Permits in Section _______. (4) A request for a Temporary Cannabis Event that does not meet the requirements of this Section shall be denied. The City shall notify the applicant of the standards not met and basis for denial. (5) (Optional) Temporary cannabis events shall only be held at (insert local place). (6) (Optional) Temporary cannabis events shall only be held between the hours of (insert start time) and (insert stop time). (Q) Lower-Potency Hemp Edibles (1) Sale of Low-Potency Hemp Edibles or Low-Potency Hemp Beverages for off- site consumption. The sale of Low-Potency Edibles or Beverages for off-site consumption is permitted, subject to the conditions within this Section. (a) Low-Potency Edibles or Beverages are permitted as a retail sales use for off-site consumption (off-sale) in any premise which holds a valid tobacco sales license in the City of St. Anthony. (b) Low-Potency Edibles or Beverages shall be stored behind a counter in a locked case, not directly available to the customer. (2) Sale of Low-Potency Hemp Edibles or Low-Potency Hemp Beverages for on- site consumption. The sale of Low-Potency Edibles or Beverages for on-site consumption is permitted, subject to the conditions within this Section. (a) Low-Potency Edibles or Beverages are permitted as a retail sales use for on-site consumption (on-sale) only in establishments licensed to serve alcoholic beverages for on-site consumption (on-sale). 53 THIS PAGE LEFT INTENTIONALLY BLANK 54 It was reported that four (4) sealed proposals for the purchase of the $1,780,000 General Obligation Improvement Bonds, Series 2024A were received prior to 10:00 A.M., Central Time on September 10, 2024, pursuant to the Preliminary Official Statement distributed to potential purchasers of the Bonds by Ehlers & Associates, Inc., municipal advisors to the City. The proposals have been publicly opened, read and tabulated, and the terms of each proposal have been determined to be as follows: (See Attached) Councilmember _________________ introduced the following resolution (the “Resolution”) and moved its adoption, which motion was seconded by Councilmember _________________: RESOLUTION NO. 24-060 RESOLUTION RELATING TO $1,780,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2024A; AUTHORIZING THE ISSUANCE, AWARDING THE SALE, FIXING THE FORM AND DETAILS, PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND THE SECURITY THEREFOR AND LEVYING AD VALOREM TAXES FOR THE PAYMENT THEREOF BE IT RESOLVED by the City Council (the “Council”) of the City of St. Anthony, Minnesota (the “City”), as follows: SECTION 1. AUTHORIZATION AND SALE. 1.01. Authorization. This City Council, by resolution duly adopted on August 15, 2024, authorized the issuance and sale of its General Obligation Improvement Bonds, Series 2024A (the “Bonds”), in the approximate principal amount of $2,000,000, pursuant to Minnesota Statutes, Chapters 429 and 475, for the purpose of financing certain improvement projects within the City (the “Project”) and to pay costs associated with the issuance of the Bonds. 1.02. Sale. Pursuant to the Terms of Proposal and the Preliminary Official Statement prepared on behalf of the City by Ehlers & Associates, Inc. (“Ehlers”), municipal advisors to the City, sealed or electronic proposals for the purchase of the Bonds were received at or before the time specified for receipt of proposals. The proposals have been opened and publicly read and considered and the purchase price, interest rates and net interest cost under the terms of each proposal have been determined. The most favorable proposal received is that of Robert W. Baird & Co., Incorporated in Milwaukee, Wisconsin (the “Purchaser”), to purchase the Bonds at a purchase price of $1,972,259.92, on the further terms and conditions hereinafter set forth. 1.03. Award. The sale of the Bonds is hereby awarded to the Purchaser, and the Mayor and City Clerk are hereby authorized and directed on behalf of the City to execute a contract for the sale of the Bonds with the Purchaser in accordance with the Preliminary Official Statement. The good faith deposit of the Purchaser shall be retained and deposited by the City until the Bonds have been delivered, and shall be deducted from the purchase price paid at settlement. SECTION 2. BOND TERMS; REGISTRATION; EXECUTION AND DELIVERY. 2.01. Issuance of Bonds. All acts, conditions and things which are required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed precedent to and in the valid issuance of the Bonds having been done, now existing, having happened and having been performed, it is now necessary for the Council to establish the form and terms of the Bonds, to provide security therefor and to issue the Bonds forthwith. 2.02. Maturities; Interest Rates; Denominations and Payment. The Bonds shall be originally dated as of October 1, 2024, shall be in the denomination of $5,000 each, or any integral 2 multiple thereof, of single maturities, shall mature on February 1 in the years and amounts stated below, and shall bear interest from date of issue until paid or duly called for redemption, at the annual rates set forth opposite such years and amounts, as follows: Year Principal Rate Year Principal Rate 2027 $160,000 5.000%2032 $205,000 5.000% 2028 170,000 5.000 2033 215,000 5.000 2029 180,000 5.000 2034 230,000 5.000 2030 190,000 5.000 2035 235,000 4.000 2031 195,000 5.000 The Bonds shall be issuable only in fully registered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof shall be payable by check or draft issued by the Registrar described herein, provided that so long as the Bonds are registered in the name of a securities depository, or a nominee thereof, in accordance with Section 2.08 hereof, principal and interest shall be payable in accordance with the operational arrangements of the securities depository. 2.03. Dates and Interest Payment Dates. Upon initial delivery of the Bonds pursuant to Section 2.07 and upon any subsequent transfer or exchange pursuant to Section 2.06, the date of authentication shall be noted on each Bond so delivered, exchanged or transferred. Interest on the Bonds shall be payable on February 1 and August 1 in each year, commencing August 1, 2025, each such date being referred to herein as an Interest Payment Date, to the persons in whose names the Bonds are registered on the Bond Register, as hereinafter defined, at the Registrar’s close of business on the fifteenth day of the calendar month preceding that in which such Interest Payment Date occurs, whether or not such day is a business day. Interest shall be computed on the basis of a 360-day year composed of twelve 30-day months. 2.04. Redemption. Bonds maturing on or after February 1, 2034, shall be subject to redemption and prepayment at the option of the City, in whole or in part, in such order of maturity dates as the City may select and, within a maturity, by lot as selected by the Registrar (or, if applicable, by the bond depository in accordance with its customary procedures) in integral multiples of $5,000, on February 1, 2033, and on any date thereafter, at a price equal to the principal amount thereof and accrued interest to the date of redemption. The City Clerk shall cause notice of the call for redemption thereof to be published if and as required by law, and at least thirty (30) and not more than sixty (60) days prior to the designated redemption date, shall cause notice of call for redemption to be mailed, by first class mail, to the Registrar and registered holders of any Bonds to be redeemed at their addresses as they appear on the Bond Register described in Section 2.06 hereof, provided that notice shall be given to any securities depository in accordance with its operational arrangements. No defect in or failure to give such notice of redemption shall affect the validity of proceedings for the redemption of any Bond not affected by such defect or failure. Official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified and from and after such date (unless the City shall default in the payment of the redemption price) such Bonds or portions of Bonds shall cease to bear interest. Upon partial 3 redemption of any Bond, a new Bond or Bonds will be delivered to the owner without charge, representing the remaining principal amount outstanding. 2.05. Appointment of Registrar. The City hereby appoints Bond Trust Services Corporation, Roseville, Minnesota, as the initial Bond registrar, transfer agent and paying agent (the “Registrar”). The Mayor and City Clerk are authorized to execute and deliver, on behalf of the City, a contract with the Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust company organized under the laws of the United States or one of the states of the United States and authorized by law to conduct such business, such corporation shall be authorized to act as successor Registrar. The City agrees to pay the reasonable and customary charges of the Registrar for the services performed. The City reserves the right to remove the Registrar, effective upon not less than thirty days’ written notice and upon the appointment and acceptance of a successor Registrar, in which event the predecessor Registrar shall deliver all cash and Bonds in its possession to the successor Registrar and shall deliver the Bond Register to the successor Registrar. 2.06. Registration. The effect of registration and the rights and duties of the City and the Registrar with respect thereto shall be as follows: (a)Register. The Registrar shall keep at its principal corporate trust office a register (the “Bond Register”) in which the Registrar shall provide for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred or exchanged. The term Holder or Bondholder as used herein shall mean the person (whether a natural person, corporation, association, partnership, trust, governmental unit, or other legal entity) in whose name a Bond is registered in the Bond Register. (b)Transfer of Bonds. Upon surrender for transfer of any Bond duly endorsed by the Holder thereof or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the Holder thereof or by an attorney duly authorized by the Holder in writing, the Registrar shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Bonds of a like aggregate principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding that in which the interest payment date occurs and until such interest payment date. (c)Exchange of Bonds. At the option of the Holder of any Bond in a denomination greater than $5,000, such Bond may be exchanged for other Bonds of authorized denominations, of the same maturity and a like aggregate principal amount, upon surrender of the Bond to be exchanged at the office of the Registrar. Whenever any Bond is so surrendered for exchange the City shall execute and the Registrar shall authenticate and deliver the Bonds which the Bondholder making the exchange is entitled to receive. (d)Cancellation. All Bonds surrendered for payment, transfer or exchange shall be promptly canceled by the Registrar and thereafter disposed of as directed by the City. 4 (e)Improper or Unauthorized Transfer. When any Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the same until it is satisfied that the endorsement on such Bond or separate instrument of transfer is valid and genuine and that the requested transfer is legally authorized. The Registrar shall incur no liability for the refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (f)Persons Deemed Owners. The City and the Registrar may treat the person in whose name any Bond is at any time registered in the Bond Register as the absolute owner of the Bond, whether the Bond shall be overdue or not, for the purpose of receiving payment of or on account of, the principal of and interest on the Bond and for all other purposes; and all payments made to or upon the order of such Holder shall be valid and effectual to satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid. (g)Taxes, Fees and Charges. For every transfer or exchange of Bonds (except for an exchange upon a partial redemption of a Bond), the Registrar may impose a charge upon the owner thereof sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to such transfer or exchange. (h)Mutilated, Lost, Stolen or Destroyed Bonds. In case any Bond shall become mutilated or be destroyed, stolen or lost, the Registrar shall deliver a new Bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of any such mutilated Bond or in lieu of and in substitution for any Bond destroyed, stolen or lost, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Bond destroyed, stolen or lost, upon filing with the Registrar of evidence satisfactory to it that the Bond was destroyed, stolen or lost, and of the ownership thereof, and upon furnishing to the Registrar of an appropriate bond or indemnity in form, substance and amount satisfactory to it, in which both the City and the Registrar shall be named as obligees. All Bonds so surrendered to the Registrar shall be canceled by it and evidence of such cancellation shall be given to the City. If the mutilated, destroyed, stolen or lost Bond has already matured or been called for redemption in accordance with its terms it shall not be necessary to issue a new Bond prior to payment. (i)Authenticating Agent. The Registrar is hereby designated authenticating agent for the Bonds, within the meaning of Minnesota Statutes, Section 475.55, Subdivision 1, as amended. (j)Valid Obligations. All Bonds issued upon any transfer or exchange of Bonds shall be the valid obligations of the City, evidencing the same debt, and entitled to the same benefits under this Resolution as the Bonds surrendered upon such transfer or exchange. 2.07. Execution, Authentication and Delivery. The Bonds shall be prepared under the direction of the City Clerk and shall be executed on behalf of the City by the signatures of the Mayor and the City Clerk, provided that the signatures may be printed, engraved or lithographed facsimiles of the originals. In case any officer whose signature or a facsimile of whose signature 5 shall appear on any Bond shall cease to be such officer before the delivery of such Bond, such signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if such officer had remained in office until the date of delivery of such Bond. Notwithstanding such execution, no Bond shall be valid or obligatory for any purpose or entitled to any security or benefit under this Resolution unless and until a certificate of authentication on the Bond, substantially in the form provided in EXHIBIT B, has been executed by the manual signature of an authorized representative of the Registrar. Certificates of authentication on different Bonds need not be signed by the same representative. The executed certificate of authentication on any Bond shall be conclusive evidence that it has been duly authenticated and delivered under this Resolution. When the Bonds have been prepared, executed and authenticated, the City Clerk shall deliver them to the Purchaser upon payment of the purchase price in accordance with the contract of sale theretofore executed, and the Purchaser shall not be obligated to see to the application of the purchase price. 2.08. Securities Depository. (a) For purposes of this section the following terms shall have the following meanings: “Beneficial Owner” shall mean, whenever used with respect to a Bond, the person in whose name such Bond is recorded as the beneficial owner of such Bond by a Participant on the records of such Participant, or such person’s subrogee. “Cede & Co.” shall mean Cede & Co., the nominee of DTC, and any successor nominee of DTC with respect to the Bonds. “DTC” shall mean The Depository Trust Company of New York, New York. “Participant” shall mean any broker-dealer, bank or other financial institution for which DTC holds bonds as securities depository. “Representation Letter” shall mean the Representation Letter pursuant to which the City agrees to comply with DTC’s Operational Arrangements. (b)The Bonds shall be initially issued as separately authenticated fully registered bonds, and one Bond shall be issued in the principal amount of each stated maturity of the Bonds. Upon initial issuance, the ownership of such Bonds shall be registered in the Bond Register in the name of Cede & Co., as nominee of DTC. The Registrar and the City may treat DTC (or its nominee) as the sole and exclusive owner of the Bonds registered in its name for the purposes of payment of the principal of or interest on the Bonds, selecting the Bonds or portions thereof to be redeemed, if any, giving any notice permitted or required to be given to registered owners of Bonds under this resolution, registering the transfer of Bonds, and for all other purposes whatsoever; and neither the Registrar nor the City shall be affected by any notice to the contrary. Neither the Registrar nor the City shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in the Bonds under or through DTC or any Participant, or any other person which is not shown on the Bond Register as being a registered owner of any Bonds, with respect to the accuracy of any records maintained by DTC or any Participant, with respect to the payment by DTC or any Participant of any amount with respect to the principal of or interest on the Bonds, with respect to any notice which is permitted or required to be given to 6 owners of Bonds under this resolution, with respect to the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of the Bonds, or with respect to any consent given or other action taken by DTC as registered owner of the Bonds. So long as any Bond is registered in the name of Cede & Co., as nominee of DTC, the Registrar shall pay all principal of and interest on such Bond, and shall give all notices with respect to such Bond, only to Cede & Co. in accordance with DTC’s Operational Arrangements, and all such payments shall be valid and effective to fully satisfy and discharge the City’s obligations with respect to the principal of and interest on the Bonds to the extent of the sum or sums so paid. No person other than DTC shall receive an authenticated Bond for each separate stated maturity evidencing the obligation of the City to make payments of principal and interest. Upon delivery by DTC to the Registrar of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., the Bonds will be transferable to such new nominee in accordance with paragraph (e) hereof. (c)In the event the City determines that it is in the best interest of the Beneficial Owners that they be able to obtain Bonds in the form of physical certificates, the City may notify DTC and the Registrar, whereupon DTC shall notify the Participants of the availability through DTC of Bonds in the form of certificates. In such event, the Bonds will be transferable in accordance with paragraph (e) hereof. DTC may determine to discontinue providing its services with respect to the Bonds at any time by giving notice to the City and the Registrar and discharging its responsibilities with respect thereto under applicable law. In such event the Bonds will be transferable in accordance with paragraph (e) hereof. (d)The execution and delivery of the Representation Letter to DTC, if not previously filed with DTC, by the Mayor or City Clerk is hereby authorized and directed. (e)In the event that any transfer or exchange of Bonds is permitted under paragraph (b) or (c) hereof, such transfer or exchange shall be accomplished upon receipt by the Registrar of the Bonds to be transferred or exchanged and appropriate instruments of transfer to the permitted transferee in accordance with the provisions of this resolution. In the event Bonds in the form of certificates are issued to owners other than Cede & Co., its successor as nominee for DTC as owner of all the Bonds, or another securities depository as owner of all the Bonds, the provisions of this resolution shall also apply to all matters relating thereto, including, without limitation, the printing of such Bonds in the form of physical certificates and the method of payment of principal of and interest on such Bonds in the form of physical certificates. 2.09.Form of Bonds. The Bonds shall be prepared in substantially the form found at EXHIBIT B attached hereto. Section 3. USE OF PROCEEDS; PROJECT FUND. There is hereby created a special bookkeeping fund to be designated as the “General Obligation Improvement Bonds, Series 2024A Project Fund” (the “Project Fund”), to be held and administered by the City Manager separate and apart from all other funds of the City. The Project Fund shall be credited with (i) $1,972,259.92 from the proceeds of the Bonds, representing the estimated costs of the Project ($1,916,384.92) and costs of issuance of the Bonds ($55,875.00); and (ii) all special assessments collected with respect to the Project (other than prepaid 7 assessments), until all costs of the Project have been fully paid. The City Manager shall maintain the Project Fund until payment of all costs and expenses incurred in connection with the construction of the Project and all costs of issuance of the Bonds have been paid. The City may deposit funds, including prepaid assessments and funds from other available sources, into the Project Fund. From the Project Fund there shall be paid all costs and expenses related to the construction and acquisition of the Project. In addition, costs of issuance are expected to be paid from proceeds of the Bonds in the Project Fund and are included in the respective accounts above. After payment of all such costs and expenses, the Project Fund shall be terminated. All funds on hand in the Project Fund when terminated shall be credited to the Bond Fund described in Section 4 hereof, unless and except as such proceeds may be transferred to some other fund or account as to which the City has received from bond counsel an opinion that such other transfer is permitted by applicable laws and does not impair the exemption of interest on the Bonds from federal income taxes. In no event shall funds remain in the Project Fund later than three years following the date of issuance of the Bonds. SECTION 4. GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2024A BOND FUND. The Bonds shall be payable from a separate General Obligation Improvement Bonds, Series 2024A Bond Fund (the “Bond Fund”) of the City, which shall be created and maintained on the books of the City as a separate debt redemption fund until the Bonds, and all interest thereon, are fully paid. Into the Bond Fund shall be paid (a) the amounts specified in Section 3 above upon termination of the Project Fund; (b) any funds received from the Purchaser upon delivery of the Bonds in excess of the amounts specified in Section 3 above; (c) special assessments levied and collected in accordance with this Resolution except prepaid assessments applied to the Project Fund; (d) any taxes collected pursuant to Section 7 hereof; and (e) any other funds appropriated by this Council for the payment of the Bonds. The principal of and interest on the Bonds shall be payable from the Bond Fund, and the money on hand in the Bond Fund from time to time shall be used only to pay the principal of and interest on the Bonds. On or before each principal and interest payment date for the Bonds, the City Finance Director is directed to remit to the Registrar from funds on deposit in the Bond Fund the amount needed to pay principal and interest on the Bonds on the next succeeding principal and interest payment date. There are hereby established two accounts in the Bond Fund, designated as the “Debt Service Account” and the “Surplus Account.” There shall initially be deposited into the Debt Service Account upon the issuance of the Bonds the amount set forth in clause (b) above. Thereafter, during each bond year (each twelve month period commencing on February 1 and ending on the following January 31, a “Bond Year”), as monies are received into the Bond Fund, the City Finance Director shall first deposit such monies into the Debt Service Account until an amount has been appropriated thereto sufficient to pay all principal and interest due on the Bonds through the end of the Bond Year. All subsequent monies received in the Bond Fund during the Bond Year shall be appropriated to the Surplus Account. If at any time the amount on hand in the Debt Service Account is insufficient for the payment of principal and interest then due, the City Finance Director shall transfer to the Debt Service Account amounts on hand in the Surplus Account to the extent necessary to cure such deficiency. Investment earnings (and losses) on amounts from time to time held in the Debt Service Account and Surplus Account shall be credited or charged to said accounts. 8 If the balance in the Bond Fund is at any time insufficient to pay all interest and principal then due on all Bonds payable therefrom, the payment shall be made from any fund of the City which is available for that purpose, subject to reimbursement from the Surplus Account when the balance therein is sufficient, and the City covenants and agrees that it will each year levy a sufficient amount of ad valorem taxes to take care of any accumulated or anticipated deficiency, which levy is not subject to any constitutional or statutory limitation. SECTION 5. SPECIAL ASSESSMENTS. The City hereby covenants and agrees that, for the payment of the costs of the Project, the City has done or will do and perform all acts and things necessary for the final and valid levy of special assessments in a principal amount of $491,330, which amount is not less than 20% of the cost of the Project. The principal of and interest on such special assessments are estimated to be levied and collected in the years and amounts shown on EXHIBIT C attached hereto. The principal of the assessments shall be made payable in annual installments, with interest as established by this Council in accordance with law on unpaid installments thereof from time to time remaining unpaid. In the event any special assessment shall at any time be held invalid with respect to any lot or tract of land, due to any error, defect or irregularity in any action or proceeding taken or to be taken by the City or by this Council or by any of the officers or employees of the City, either in the making of such special assessment or in the performance of any condition precedent thereto, the City hereby covenants and agrees that it will forthwith do all such further things and take all such further proceedings as shall be required by law to make such special assessment a valid and binding lien upon said property. SECTION 6. RESERVED. SECTION 7. PLEDGE OF TAXING POWERS. For the prompt and full payment of the principal of and interest on the Bonds as such payments respectively become due, the full faith, credit and unlimited taxing powers of the City shall be and are hereby irrevocably pledged. In order to produce aggregate amounts which, together with the collections of other amounts as set forth in Section 4, will produce amounts not less than 5% in excess of the amounts needed to meet when due the principal and interest payments on the Bonds, ad valorem taxes are hereby levied on all taxable property in the City, the taxes to be levied and collected in the years and amounts as shown on EXHIBIT C. The taxes shall be irrepealable as long as any of the Bonds are outstanding and unpaid, provided that the City reserves the right and power to reduce the tax levies from other legally available funds, in accordance with the provisions of Minnesota Statutes, Section 475.61. SECTION 8. DEFEASANCE. When all of the Bonds have been discharged as provided in this Section, all pledges, covenants and other rights granted by this Resolution to the Holders of the Bonds shall cease. The City may discharge its obligations with respect to any Bonds which are due on any date by depositing with the Registrar on or before that date a sum sufficient for the payment thereof in full; or, if any Bond should not be paid when due, it may nevertheless be discharged by depositing with the Registrar a sum sufficient for the payment thereof in full with interest accrued from the due date to the date of such deposit. The City may also discharge its obligations with respect to any prepayable Bonds called for redemption on any date when they are prepayable according to their terms by depositing with the Registrar on or before that date an amount equal to the principal, redemption premium, if any, and interest then due, provided that 9 notice of such redemption has been duly given as provided herein. The City may also at any time discharge its obligations with respect to any Bonds, subject to the provisions of law now or hereafter authorizing and regulating such action, by depositing irrevocably in escrow, with the Registrar or with a bank or trust company qualified by law to act as an escrow agent for this purpose, cash or securities which are authorized by law to be so deposited for such purpose, bearing interest payable at such times and at such rates and maturing or callable at the holder’s option on such dates as shall be required to pay all principal and interest to become due thereon to maturity or, if notice of redemption as herein required has been irrevocably provided for, to an earlier designated redemption date. If such deposit is made more than ninety days before the maturity date or specified redemption date of the Bonds to be discharged, the City must have received a written opinion of Bond Counsel to the effect that such deposit does not adversely affect the exemption of interest on any Bonds from federal income taxation and a written report of an accountant or investment banking firm verifying that the deposit is sufficient to pay when due all of the principal and interest on the Bonds to be discharged on and before their maturity dates or earlier designated redemption date. SECTION 9. TAX COVENANTS; ARBITRAGE MATTERS AND CONTINUING DISCLOSURE. 9.01. General Tax Covenant. The City agrees with the registered owners from time to time of the Bonds that it will not take, or permit to be taken by any of its officers, employees or agents, any action that would cause interest on the Bonds to become includable in gross income of the recipient under the Internal Revenue Code of 1986, as amended (the “Code”) and applicable Treasury Regulations (the “Regulations”), and agrees to take any and all actions within its powers to ensure that the interest on the Bonds will not become includable in gross income of the recipient under the Code and the Regulations. All proceeds of the Bonds deposited in the Project Fund will be expended solely for the payment of the costs of the Project. The Project is and will be owned and maintained by the City and available for use by members of the general public on a substantially equal basis. The City shall not enter into any lease, management contract, use agreement, capacity agreement or other agreement with any non-governmental person relating to the use of the Project, or any portion thereof, or security for the payment of the Bonds which might cause the Bonds to be considered “private activity bonds” or “private loan bonds” pursuant to Section 141 of the Code. 9.02. Arbitrage Certification. The Mayor and City Clerk being the officers of the City charged with the responsibility for issuing the Bonds pursuant to this Resolution, are authorized and directed to execute and deliver to the Purchaser a certificate in accordance with Section 148 of the Code, and applicable Regulations, stating the facts, estimates and circumstances in existence on the date of issue and delivery of the Bonds which make it reasonable to expect that the proceeds of the Bonds will not be used in a manner that would cause the Bonds to be “arbitrage bonds” within the meaning of the Code and Regulations. 9.03. Arbitrage Rebate. (a) It is hereby found that the City has general taxing powers, that no Bond is a "private activity bond" within the meaning of Section 141 of the Code, that 95% or more of the net proceeds of the Bonds are to be used for local governmental activities of the City, and that the aggregate face amount of all tax-exempt obligations (other than private activity bonds) issued by the City and all subordinate entities thereof during the year 2024 is not reasonably 10 expected to exceed $5,000,000. Therefore, pursuant to Section 148(f)(4)(D) of the Code, the City shall not be required to comply with the arbitrage rebate requirements of paragraphs (2) and (3) of Section 148(f) of the Code. (b) Notwithstanding the provisions of paragraph (a) of this Section 9.03, if the arbitrage rebate provisions of Section 148(f) of the Code apply to the Bonds, the City hereby covenants and agrees to make the determinations, retain records and rebate to the United States the amounts at the times and in the manner required by said Section 148(f) and applicable Regulations. 9.04. Reimbursement. The City certifies that the proceeds of the Bonds will not be used by the City to reimburse itself for any expenditure with respect to the Project which the City paid or will have paid more than 60 days prior to the issuance of the Bonds unless, with respect to such prior expenditures, the City shall have made a declaration of official intent which complies with the provisions of Section 1.150-2 of the Regulations, provided that this certification shall not apply (i) with respect to certain de minimis expenditures, if any, with respect to the Project meeting the requirements of Section 1.150-2(f)(1) of the Regulations, or (ii) with respect to “preliminary expenditures” for the Projects as defined in Section 1.150-2(f)(2) of the Regulations, including engineering or architectural expenses and similar preparatory expenses, which in the aggregate do not exceed 20% of the “issue price” of the Bonds. 9.05. Qualified Tax-Exempt Obligations. The City Council hereby designates the Bonds as “qualified tax-exempt obligations” for purposes of Section 265(b)(3) of the Code relating to the disallowance of interest expense for financial institutions, and hereby finds that the reasonably anticipated amount of tax-exempt obligations (within the meaning of Section 265(b)(3) of the Code) which will be issued by the City and all subordinate entities during calendar year 2024 does not exceed $10,000,000. 9.06. Continuing Disclosure (a) Purpose and Beneficiaries. To provide for the public availability of certain information relating to the Bonds and the security therefor and to permit the Purchaser and other participating underwriters in the primary offering of the Bonds to comply with amendments to Rule 15c2-12 promulgated by the SEC under the Securities Exchange Act of 1934 (17 C.F.R. § 240.15c2-12), relating to continuing disclosure (as in effect and interpreted from time to time, the Rule), which will enhance the marketability of the Bonds, the City hereby makes the following covenants and agreements for the benefit of the Owners (as hereinafter defined) from time to time of the outstanding Bonds. The City is the only obligated person in respect of the Bonds within the meaning of the Rule for purposes of identifying the entities in respect of which continuing disclosure must be made. If the City fails to comply with any provisions of this section, any person aggrieved thereby, including the Owners of any outstanding Bonds, may take whatever action at law or in equity may appear necessary or appropriate to enforce performance and observance of any agreement or covenant contained in this section, including an action for a writ of mandamus or specific performance. Direct, indirect, consequential and punitive damages shall not be recoverable for any default hereunder to the extent permitted by law. Notwithstanding anything to the contrary contained herein, in no event shall a default under this section constitute a default under the Bonds or under any other provision of this resolution. As used in this section, Owner or Bondowner means, in respect of the Bonds, the registered owner or owners thereof appearing in the bond register maintained by the Registrar or any Beneficial Owner (as hereinafter defined) thereof, if such Beneficial Owner provides to the Registrar evidence of such beneficial 11 ownership in form and substance reasonably satisfactory to the Registrar. As used herein, Beneficial Owner means, in respect of the Bonds, any person or entity which (a) has the power, directly or indirectly, to vote or consent with respect to, or to dispose of ownership of, such Bonds (including persons or entities holding Bonds through nominees, depositories or other intermediaries), or (b) is treated as the owner of the Bonds for federal income tax purposes. (b) Information To Be Disclosed. The City will provide, in the manner set forth in subsection (c) hereof, either directly or indirectly through an agent designated by the City, the following information at the following times: (1)On or before 12 months after the end of each fiscal year of the City, commencing with the fiscal year ending December 31, 2024, the following financial information and operating data in respect of the City (the Disclosure Information): (A)the audited financial statements of the City for such fiscal year, prepared in accordance with generally accepted accounting principles in accordance with the governmental accounting standards promulgated by the Governmental Accounting Standards Board or as otherwise provided under Minnesota law, as in effect from time to time, or, if and to the extent such financial statements have not been prepared in accordance with such generally accepted accounting principles for reasons beyond the reasonable control of the City, noting the discrepancies therefrom and the effect thereof, and certified as to accuracy and completeness in all material respects by the fiscal officer of the City; and (B)to the extent not included in the financial statements referred to in paragraph (A) hereof, the information for such fiscal year or for the period most recently available of the type contained in the Official Statement under headings: “VALUATIONS – Current Property Valuations,” “DEBT – Direct Debt;” “TAX LEVIES, COLLECTIONS AND RATES – Tax Levies and Collections,” “GENERAL INFORMATION – U.S. Census Data – Population Trend,” and “– Employment/Unemployment Data,” which information may be unaudited. Notwithstanding the foregoing paragraph, if the audited financial statements are not available by the date specified, the City shall provide on or before such date unaudited financial statements in the format required for the audited financial statements as part of the Disclosure Information and, within 10 days after the receipt thereof, the City shall provide the audited financial statements. Any or all of the Disclosure Information may be incorporated by reference, if it is updated as required hereby, from other documents, including official statements, which have been filed with the SEC or have been made available to the public by the Municipal Securities Rulemaking Board (the “MSRB”) through its Electronic Municipal Market Access System (EMMA). The City shall clearly identify in the Disclosure Information each document so incorporated by reference. If any part of the Disclosure Information can no longer be generated because the operations of the City have materially changed or been discontinued, such Disclosure Information need no longer be provided if the City includes in the Disclosure Information a statement to such effect; provided, 12 however, if such operations have been replaced by other City operations in respect of which data is not included in the Disclosure Information and the City determines that certain specified data regarding such replacement operations would be a Material Fact (as defined in paragraph (2) hereof), then, from and after such determination, the Disclosure Information shall include such additional specified data regarding the replacement operations. If the Disclosure Information is changed or this section is amended as permitted by this paragraph (b)(1) or subsection (d), then the City shall include in the next Disclosure Information to be delivered hereunder, to the extent necessary, an explanation of the reasons for the amendment and the effect of any change in the type of financial information or operating data provided. (2)In a timely manner, not in excess of 10 business days, to the MSRB through EMMA, notice of the occurrence of any of the following events (each a “Material Fact,” as hereinafter defined): (A)Principal and interest payment delinquencies; (B)Non-payment related defaults, if material; (C)Unscheduled draws on debt service reserves reflecting financial difficulties; (D)Unscheduled draws on credit enhancements reflecting financial difficulties; (E)Substitution of credit or liquidity providers, or their failure to perform; (F)Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the Bonds, or other material events affecting the tax status of the Bonds; (G)Modifications to rights of security holders, if material; (H)Bond calls, if material, and tender offers; (I)Defeasances; (J)Release, substitution, or sale of property securing repayment of the securities, if material; (K)Rating changes; (L)Bankruptcy, insolvency, receivership or similar event of the City; (M)The consummation of a merger, consolidation, or acquisition involving an obligated person or the sale of all or substantially all of the assets of the obligated person, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material; and (N)Appointment of a successor or additional paying agent or the change of name of a paying agent, if material. (O)Incurrence of a financial obligation of the obligated person, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a financial obligation of the obligated person, any of which affect security holders, if material; and (P)Default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a financial obligation of the obligated person, any of which reflect financial difficulties. 13 For purposes of the events identified in paragraphs (O) and (P) above, the term “financial obligation” means (i) a debt obligation; (ii) a derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) a guarantee of (i) or (ii). The term “financial obligation” shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule. As used herein, for those events that must be reported if material, a “Material Fact” is a fact as to which a substantial likelihood exists that a reasonably prudent investor would attach importance thereto in deciding to buy, hold or sell the Bonds or, if not disclosed, would significantly alter the total information otherwise available to an investor from the Official Statement, information disclosed hereunder or information generally available to the public. Notwithstanding the foregoing sentence, a Material Fact is also a fact that would be deemed material for purposes of the purchase, holding or sale of the Bonds within the meaning of applicable federal securities laws, as interpreted at the time of discovery of the occurrence of the event. For the purposes of the event identified in (L) hereinabove, the event is considered to occur when any of the following occur: the appointment of a receiver, fiscal agent or similar officer for an obligated person in a proceeding under the U.S. Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the obligated person, or if such jurisdiction has been assumed by leaving the existing governing body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the obligated person. (3)In a timely manner, to the MSRB through EMMA, notice of the occurrence of any of the following events or conditions: (A)the failure of the City to provide the Disclosure Information required under paragraph (b)(1) at the time specified thereunder; (B)the amendment or supplementing of this section pursuant to subsection (d), together with a copy of such amendment or supplement and any explanation provided by the City under subsection (d)(2); (C)the termination of the obligations of the City under this section pursuant to subsection (d); (D)any change in the accounting principles pursuant to which the financial statements constituting a portion of the Disclosure Information are prepared; and (E)any change in the fiscal year of the City. (c) Manner of Disclosure. (1)The City agrees to make available to the MSRB through EMMA, in an electronic format as prescribed by the MSRB, the information described in subsection (b). 14 (2)All documents provided to the MSRB pursuant to this subsection (c) shall be accompanied by identifying information as prescribed by the MSRB from time to time. (d) Term; Amendments; Interpretation. (1)The covenants of the City in this section shall remain in effect so long as any Bonds are outstanding. Notwithstanding the preceding sentence, however, the obligations of the City under this section shall terminate and be without further effect as of any date on which the City delivers to the Registrar an opinion of Bond Counsel to the effect that, because of legislative action or final judicial or administrative actions or proceedings, the failure of the City to comply with the requirements of this section will not cause participating underwriters in the primary offering of the Bonds to be in violation of the Rule or other applicable requirements of the Securities Exchange Act of 1934, as amended, or any statutes or laws successory thereto or amendatory thereof. (2)This section (and the form and requirements of the Disclosure Information) may be amended or supplemented by the City from time to time, without notice to (except as provided in paragraph (c)(2) hereof) or the consent of the Owners of any Bonds, by a resolution of this Council filed in the office of the recording officer of the City accompanied by an opinion of Bond Counsel, who may rely on certificates of the City and others and the opinion may be subject to customary qualifications, to the effect that: (i) such amendment or supplement (a) is made in connection with a change in circumstances that arises from a change in law or regulation or a change in the identity, nature or status of the City or the type of operations conducted by the City, or (b) is required by, or better complies with, the provisions of paragraph (b)(5) of the Rule; (ii) this section as so amended or supplemented would have complied with the requirements of paragraph (b)(5) of the Rule at the time of the primary offering of the Bonds, giving effect to any change in circumstances applicable under clause (i)(a) and assuming that the Rule as in effect and interpreted at the time of the amendment or supplement was in effect at the time of the primary offering; and (iii) such amendment or supplement does not materially impair the interests of the Bondowners under the Rule. If the Disclosure Information is so amended, the City agrees to provide, contemporaneously with the effectiveness of such amendment, an explanation of the reasons for the amendment and the effect, if any, of the change in the type of financial information or operating data being provided hereunder. (3)This section is entered into to comply with the continuing disclosure provisions of the Rule and should be construed so as to satisfy the requirements of paragraph (b)(5) of the Rule. 15 SECTION 10. CERTIFICATION OF PROCEEDINGS. 10.01. Registration of Bonds. The City Clerk is hereby authorized and directed to file a certified copy of this resolution with the County Auditors of Hennepin and Ramsey Counties, together with such additional information as is required, and to obtain a certificate from each that the Bonds and the taxes levied pursuant hereto have been duly entered upon such County Auditor’s bond register. 10.02. Authentication of Transcript. The officers of the City and the County Auditors are hereby authorized and directed to prepare and furnish to the Purchaser and to Dorsey & Whitney LLP, Bond Counsel, certified copies of all proceedings and records relating to the Bonds and such other affidavits, certificates and information as may be required to show the facts relating to the legality and marketability of the Bonds, as the same appear from the books and records in their custody and control or as otherwise known to them, and all such certified copies, affidavits and certificates, including any heretofore furnished, shall be deemed representations of the City as to the correctness of all statements contained therein. 10.03. Official Statement. The Preliminary Official Statement relating to the Bonds prepared and distributed by Ehlers is hereby approved. Ehlers is hereby authorized on behalf of the City to prepare and distribute to the Purchaser within seven business days from the date hereof, a Final Official Statement listing the offering price, the interest rates, selling compensation, delivery date, the underwriters and such other information relating to the Bonds required to be included in the Official Statement by Rule l5c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934. The officers of the City are hereby authorized and directed to execute such certificates as may be appropriate concerning the accuracy, completeness and sufficiency of the Official Statement. 10.04. Authorization of Payment of Certain Costs of Issuance of the Bonds The City authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment of issuance expenses to Wells Fargo Bank, N.A. on the closing date for further distribution as directed by Ehlers. Adopted this 10th day of September, 2024. Wendy Webster, Mayor ATTEST: Jennifer Doyle, City Clerk Reviewed for administration: Charlie Yunker, City Manager EXHIBIT A UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTIES OF HENNEPIN AND RAMSEY CITY OF ST. ANTHONY GENERAL OBLIGATION IMPROVEMENT BOND, SERIES 2024A R-___$_________ Interest Rate Maturity Date Date of Original Issue CUSIP No. __%February 1, 20__October 1, 2024 REGISTERED OWNER:CEDE & CO. PRINCIPAL AMOUNT:THOUSAND DOLLARS CITY OF ST. ANTHONY, State of Minnesota (the “City”) acknowledges itself to be indebted and for value received hereby promises to pay to the registered owner specified above, or registered assigns, the principal amount specified above on the maturity date specified above and promises to pay interest thereon from the date of original issue specified above or from the most recent Interest Payment Date (as hereinafter defined) to which interest has been paid or duly provided for, at the annual interest rate specified above, payable on February 1 and August 1 in each year, commencing August 1, 2025 (each such date, an “Interest Payment Date”), all subject to the provisions referred to herein with respect to the redemption of the principal of this Bond before maturity. The interest so payable on any Interest Payment Date shall be paid to the person in whose name this Bond is registered at the close of business on the fifteenth day (whether or not a business day) of the calendar month preceding that in which such Interest Payment Date occurs. Interest hereon shall be computed on the basis of a 360-day year composed of twelve 30-day months. The interest hereon and, upon presentation and surrender hereof at the principal office of the agent of the Registrar described below, the principal hereof are payable in lawful money of the United States of America by check or draft drawn on Bond Trust Services Corporation, Roseville, Minnesota, as Bond registrar, transfer agent and paying agent, or its successor designated under the Resolution described herein (the “Registrar”) or other agreed-upon means of payment by the Registrar or its designated successor. For the prompt and full payment of such principal and interest as the same respectively come due, the full faith and credit and taxing powers of the City have been and are hereby irrevocably pledged. This Bond is one of an issue (the “Bonds”) in the aggregate principal amount of $1,780,000 issued pursuant to a resolution adopted by the City Council on September 10, 2024 (the “Resolution”), to finance various improvement projects. This Bond is issued by authority of and in strict accordance with the provisions of the Constitution and laws of the State of Minnesota thereunto enabling, including Minnesota Statutes, Chapters 429 and 475. For the full and prompt payment of the principal of and interest on the Bonds as the same become due, the full faith, credit and taxing power of the City have been and are hereby 2 irrevocably pledged. The Bonds are issuable only in fully registered form, in the denomination of $5,000 or any integral multiple thereof, of single maturities. Bonds maturing on February 1, 2034 and later years shall be subject to redemption and prepayment at the option of the City, in whole or in part, in such order of maturity dates as the City may select and, within a maturity, by lot as selected by the Registrar (or, if applicable, by the Bond depository in accordance with its customary procedures) in multiples of $5,000, on February 1, 2033 and on any date thereafter, at a price equal to the principal amount thereof and accrued interest to the date of redemption. The City shall cause notice of the call for redemption thereof to be published if and to the extent required by law, and at least thirty (30) and not more than sixty (60) days prior to the designated redemption date, shall cause notice of call for redemption to be mailed, by first class mail (or, if applicable, provided in accordance with the operational arrangements of the securities depository), to the registered holders of any Bonds, at the holders’ addresses as they appear on the Bond register maintained by the Bond Registrar, but no defect in or failure to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of any Bond not affected by such defect or failure. Official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified and from and after such date (unless the City shall default in the payment of the redemption price) such Bonds or portions of Bonds shall cease to bear interest. Upon partial redemption of any Bond, a new Bond or Bonds will be delivered to the owner without charge, representing the remaining principal amount outstanding. As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books of the City at the principal office of the Registrar, by the registered owner hereof in person or by the owner’s attorney duly authorized in writing upon surrender hereof together with a written instrument of transfer satisfactory to the Registrar, duly executed by the registered owner or the owner’s attorney, and may also be surrendered in exchange for Bonds of other authorized denominations. Upon such transfer or exchange the City will cause a new Bond or Bonds to be issued in the name of the designated transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturing on the same date; subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to any such transfer or exchange. The Bonds have been designated as “qualified tax-exempt obligations” pursuant to Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. The City and the Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of receiving payment as herein provided and for all other purposes, and neither the City nor the Registrar shall be affected by any notice to the contrary. Notwithstanding any other provisions of this Bond, so long as this Bond is registered in the name of Cede & Co., as nominee of The Depository Trust Company, or in the name of any other nominee of The Depository Trust Company or other securities depository, the Registrar shall pay all principal of and interest on this Bond, and shall give all notices with respect to this Bond, only to Cede & Co. or other nominee in accordance with the operational arrangements of The Depository Trust Company or other securities depository as agreed to by the City. IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed preliminary to and in the issuance of this Bond in order to make it a valid and binding general obligation of the City in accordance with its terms, have been done, do exist, have happened and have been performed as so required; that, prior to the issuance hereof, the City Council has by the Resolution 3 covenanted and agreed to collect and apply to payment of the bonds ad valorem taxes levied on all taxable property in the City and special assessments upon property specially benefited by the local improvements financed with the Bonds, which taxes and assessments are estimated to be collectible in years and amounts sufficient to produce sums not less than 5% in excess of the principal of and interest on the Bonds when due, and has appropriated such assessments and taxes to its General Obligation Improvement Bonds, Series 2024A Bond Fund for the payment of such principal and interest; that if necessary for the payment of such principal and interest, additional ad valorem taxes are required to be levied upon all taxable property in the City, without limitation as to rate or amount; that all proceedings relative to the projects financed by this Bond have been or will be taken according to law and that the issuance of this Bond, together with all other indebtedness of the City outstanding on the date hereof and on the date of its actual issuance and delivery, does not cause the indebtedness of the City to exceed any constitutional or statutory limitation of indebtedness. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Resolution until the Certificate of Authentication hereon shall have been executed by the Registrar by manual signature of one of its authorized representatives. 4 IN WITNESS WHEREOF, the City has caused this Bond to be executed on its behalf by the facsimile signatures of its Mayor and City Clerk and has caused this Bond to be dated as of the date set forth below. CITY OF ST. ANTHONY, MINNESOTA (facsimile signature – City Clerk)(facsimile signature – Mayor) __________ CERTIFICATE OF AUTHENTICATION This is one of the Bonds delivered pursuant to the Resolution mentioned within. Date of Authentication: __________________ BOND TRUST SERVICES CORPORATION as Registrar By Authorized Representative 5 The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to the applicable laws or regulations: TEN COM --as tenants in common UTMA …………. as Custodian for ………….. (Cust)(Minor) TEN ENT --as tenants by the entireties under Uniform Transfers to Minors Act ....…….. (State) JT TEN --as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used. __________ ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto ______________________________________________________________________ the within Bond and all rights thereunder, and does hereby irrevocably constitute and appoint ______________________________________________________________________ attorney to transfer the said Bond on the books kept for registration of the within Bond, with full power of substitution in the premises. Dated: NOTICE: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or enlargement or any change whatsoever. Signature Guaranteed: Signature(s) must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in STAMP or such other “signature guaranty program” as may be determined by the Registrar in addition to or in substitution for STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE: EXHIBIT C LEVIES AND SPECIAL ASSESSMENTS Assessments Date Principal Coupon Interest Total P+I 12/31/2025 49,133.00 5.000%24,566.50 73,699.50 12/31/2026 49,133.00 5.000%22,109.86 71,242.86 12/31/2027 49,133.00 5.000%19,653.20 68,786.20 12/31/2028 49,133.00 5.000%17,196.56 66,329.56 12/31/2029 49,133.00 5.000%14,739.90 63,872.90 12/31/2030 49,133.00 5.000%12,283.26 61,416.26 12/31/2031 49,133.00 5.000%9,826.60 58,959.60 12/31/2032 49,133.00 5.000%7,369.96 56,502.96 12/31/2033 49,133.00 5.000%4,913.30 54,046.30 12/31/2034 49,133.00 5.000%2,456.66 51,589.66 Total $491,330.00 -$135,115.80 $626,445.80 Significant Dates Filing Date 1/01/2025 First Payment Date 12/31/2025 Tax Levy Schedule Tax Levy Year Tax Collect Year Bond Pay Year Total P+I Net New D/S P & I @105%Assessments Net Levy 2023 2024 2025 ----- 2024 2025 2026 115,533.33 115,533.33 121,310.00 73,699.50 47,610.50 2025 2026 2027 246,650.00 246,650.00 258,982.50 71,242.86 187,739.64 2026 2027 2028 248,650.00 248,650.00 261,082.50 68,786.20 192,296.30 2027 2028 2029 250,150.00 250,150.00 262,657.50 66,329.56 196,327.94 2028 2029 2030 251,150.00 251,150.00 263,707.50 63,872.90 199,834.60 2029 2030 2031 246,650.00 246,650.00 258,982.50 61,416.26 197,566.24 2030 2031 2032 246,900.00 246,900.00 259,245.00 58,959.60 200,285.40 2031 2032 2033 246,650.00 246,650.00 258,982.50 56,502.96 202,479.54 2032 2033 2034 250,900.00 250,900.00 263,445.00 54,046.30 209,398.70 2033 2034 2035 244,400.00 244,400.00 256,620.00 51,589.66 205,030.34 Total --$2,347,633.33 $2,347,633.33 $2,465,015.00 $626,445.80 $1,838,569.20 Bond Data Dated Date 10/01/2024 Call Date 2/01/2033 HENNEPIN COUNTY AUDITOR’S CERTIFICATE AS TO REGISTRATION AND TAX LEVY The undersigned, being the duly qualified and acting County Auditor of Hennepin County, Minnesota, hereby certifies that there has been filed in my office a certified copy of a resolution duly adopted on September 10, 2024, by the City Council of St. Anthony, Minnesota, setting forth the form and details of an issue of $1,780,000 General Obligation Improvement Bonds, Series 2024A dated the date of issuance thereof. I further certify that the issue has been entered on my bond register and the tax required by law for their payment has been levied and filed as required by Minnesota Statutes, Sections 475.61 through 475.63. WITNESS my hand and official seal on the _____ day of September, 2024. Hennepin County Auditor (SEAL) 2 RAMSEY COUNTY AUDITOR’S CERTIFICATE AS TO REGISTRATION AND TAX LEVY The undersigned, being the duly qualified and acting County Auditor of Ramsey County, Minnesota, hereby certifies that there has been filed in my office a certified copy of a resolution duly adopted on September 10, 2024, by the City Council of St. Anthony, Minnesota, setting forth the form and details of an issue of $1,780,000 General Obligation Improvement Bonds, Series 2024A dated the date of issuance thereof. I further certify that the issue has been entered on my bond register and the tax required by law for their payment has been levied and filed as required by Minnesota Statutes, Sections 475.61 through 475.63. WITNESS my hand and official seal on the _____ day of September, 2024. Ramsey County Auditor (SEAL)  Date Type Staff Present September 17 Joint Work Session Active Transportation Planning (Joint with Planning and PEC) Grand Rounds Missing Link (Mpls Park and Rec) City Council City Manager City Planner September 24 Work Session Ordinance prohibiting the sale of flavored tobacco City Council City Manager September 24 Regular Spirit of St. Anthony Award Fire Prevention Presentation Planning Commission items from August City Council City Manager Police Dept Fire Dept October 8 Work Session 2024 Long Term Capital Budget Plans City Facilities Discussion City Council City Manager Finance Director October 8Regular Preliminary Certification of Delinquent Waste Hauler Accounts‐Consent Agenda Preliminary Certification of Delinquent Utility Accounts‐Consent Agenda Planning Commission items from September Approval of Sale of Bonds City Council City Manager October 15 Work Session Rental Housing Ordinances City Council City Manager City Planner Planning Commission October 22 Work Session Requirements for EV charging for new multi‐family projects City Council City Manager City Planner October 22 Regular Quarterly Donations & Grants Quarterly Goals Update Approve Union Contracts City Council City Manager Finance Director November 12 Work Session City Council City Manager November 12 Regular Planning Commission items from October 1st Reading Water, Sewer, & Stormwater‐PUBLIC HEARING Presentation on Water and Sewer Rates Canvass election results Approval of CIP City Council City Manager Finance Director November 18 Work Session Commission Interviews City Council City Manager November 26 Regular Fire Prevention Poster Winners 2nd Reading and Adoption Water, Sewer, & Stormwater Street Project Approve Plans & Specifications, Authorize Advertisement for Bids City Council City Manager December 10 Work Session City Council City Manager 2024 FUTURE COUNCIL AGENDA ITEMS 81  Date Type Staff Present FUTURE COUNCIL AGENDA ITEMS December 10 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 2025 City & HRA Budgets and Final Property Tax Levy ‐PUBLIC HEARING 2025 Fee Schedule MS4 Quarterly Goals update Final reading and adoption of water, sewer, & stormwater City Council City Manager Finance Director December 24 Regular January 14 Work Session City Council City Manager January 14 Regular Planning Commission items from December Housekeeping Resolutions Resolution for the Street Improvement Bond Reimbursement Quarterly Donations & Grants NYFS Agreement Outside Orgs‐Council Students in Government Presentation City Council City Manager January 28 Regular Public Works Snow Plowing Operations presentation City Council City Manager PW Director February 11 Work Session City Council City Manager February 11 Regular Police Chief Swearing‐In Planning Commission items from January Public Hearing‐2025 Budget Calendar and Process 2025 Planning Commission Work Plan‐ (motion only) 2025 Parks and Environmental Commission Work Plan‐ (motion only) Administration Annual Report Liquor License Renewals (Consent Agenda) City Council City Manager Finance Director February 25 Work Session City Council City Manager February 25 Regular Water Conservation Poster Winners Adoption of Strategic Plan Liquor Annual Report City Council City Manager Liquor Op Manager March 11 Work Session City Council City Manager March 11 Regular Planning Commission Items from February Public Works Annual Report City Council City Manager Public Works Director March 25 Regular Police Annual Report Call for Public Hearing on Road Improvements and Assessments Order the Preparation of Assessments  City Council City Manager Police Dept WSB 2025 82  Date Type Staff Present FUTURE COUNCIL AGENDA ITEMS April 8 Work Session City Council City Manager April 8Regular Planning Commission Items from March Quarterly Donations & Grants Hennepin County Commissioner Irene Fernando Fire Annual Report Arbor Day Proclamation Earth Day Proclamation Quarterly Goals Update City Council City Manager Fire Dept April 22 Regular Finance Annual Report Insurance Renewal & Tort Limits‐ Consent Road Improvements and Assessments‐ PUBLIC HEARING Villager of the Year and Business of the Year City Council City Manager Finance Director WSB May 13 Work Session City Council City Manager May 13 Regular Planning Commission items from April City Council City Manager June 10 Work Session City Council City Manager June 10 Regular Planning Commission Items from May Authorize preparation of feasibility study for 2026 street project  City Council City Manager June 24 Work Session Discuss Initial Debt Levy/Updated Street Improvement Plan City Council City Manager Finance Director June 24 Regular City Council City Manager July 9 Work Session 2026 Initial Property Tax Levy Scenarios  City Council City Manager Finance Director July 9Regular Planning Commission items from June Quarterly Donations & Grants Audit Report Quarterly Goals Update City Council City Manager Finance Director Police Chief July 22 Work Session City Council City Manager Police Chief July 22 Regular Liquor Operations Mid Year Report VillageFest Presentation Night to Unite Presentation Night to Unite Proclamation City Council City Manager Liquor Op Mgr Police Chief August 12 Work Session Discuss Updated Levy Scenarios/Detailed General Fund Budget City Council City Manager Finance Director August 12 Regular Planning Commission items from July Approve 2025 Feasibility Study and Order Plans and Specs City Council City Manager 83  Date Type Staff Present FUTURE COUNCIL AGENDA ITEMS August 26 Work Session City Council City Manager City Planner August 26 Regular 2026 Proposed Budget & Levy Presentation City Council City Manager Finance Director September 9 Work Session City Council City Manager City Planner September 9Regular Commissioner MaryJo McGuire Presentation Planning Commission items from August 2025 Preliminary Operating Budget and Debt Levy‐PUBLIC HEARING Students in Leadership‐Consent City Council City Manager Finance Director Engineer 84