HomeMy WebLinkAboutCC PACKET 03252014Call to Order.
Pledge of Allegiance.
Roll Call.
CITY COUNCIL MEETING AGENDA
March 25, 2014
7:00p.m.
Considerotion. Discussion. and Possible Action on All of the following items:
I. Approval of the March 25, 2014, City Council Meeting Agenda. (action requested.)
II. Proclamations and Recognitions.
III. Consent Agenda .
These item s are con sidered routin e and will be ena cted by one motion . Th ere will be no separa te dis cussion of these item s un less a Coune i/member or
citizen 5 0 requests, in which the item will be removed from the Consent Agenda and placed elsewh ere on the agenda.
A. Approval of March 11, 2014, Council Meeting Minutes. (pp . 1-6)
B. Licenses and Permits. (pp . 7-8)
C. Claims . (pp . 9-12)
IV. Public Hearing. None .
V. Reports from Commission and Staff. None .
VI. General Business of Council.
A. Resolution 14-026; Resolution Relating to $2,070,000 General Obligation Improvement Bonds, Series 2014A;
Awarding the Sale, Fixing the Form and Details and Providing for the Execution and Delivery Thereof and
Security Therefor and Levying Ad Valorem for the Payment Thereof. Stacie Kvilvang, Ehlers & Associates will
be presenting. (pp. 13-40)
B. 2013 Liquor Department Annual Report. Liquor Operations Manager Larson will be presenting . (pp. 41-50 &
HANDOUT 1)
C. 2013 Police Department Annual Report . Chief Ohl will be presenting. (pp . 51-56 & HANDOUT 2)
VII. Reports from City Manager and Council members.
VIII. Community Forum.
Indi viduals may a ddress the Ci ty Council about any i tem not inc luded on the regu lar agenda. Speakers ore requested to com e to the podi um, sign the ir
name and address on the form ot the podium, s tate their name and address for the Clerk's rec ord, and limit the ir remark s to five minutes. Generally, the
City Council will not take offiC ial act ion on item s discussed at th is time, but may typica lly refer the matter to stoff for a future rep ort or direct the matter to
be schedu led on on upcoming agenda.
IX. Information and Announcements.
X. Adjournment.
Onr Mission is to be a progressive and livable commnnity, a walkable village, which is snstainable, safe and secnre.
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CITY OF ST. ANTHONY
CITY COUNCIL REGULAR MEETING MINUTES
MARCH 11 ,2014
CALL TO ORDER.
Mayor Faust called the meeting to order at 7:00 p.m .
PLEDGE OF ALLEGIANCE.
Mayor Faust invited the Council and audience to join him in the Pledge of Allegiance.
ROLLCALL.
Present:
Absent:
Also Present:
Mayor Faust; Council members Gray, Jenson, Roth and Stille.
None.
City Manager Mark Casey, Fire Chief Mark Sitarz , and Public Works Director Jay
Hartman.
CONSIDERATION, DISCUSSION, AND POSSIBLE ACTION ON ALL OF THE FOLLOWING
ITEMS.
I. APPROVAL OF MARCH 11,2014, CITY COUNCIL MEETING AGENDA.
Motion by Councilmember Gray, seconded by Council member Jenson, to approve the City
Council Meeting Agenda of March 11 , 2014.
Motion carried unanimously.
II. PROCLAMATIONS AND RECOGNITIONS.
A. Presentation of the "2013 Spirit orSt. Anthonv " Award. Tom Sullivan, 2012 Spirit orSt.
Anthonv Award Recipient, presenting.
City Manager Casey stated the Spirit of St. Anthony Award was established in 2012 and the
award recipient is selected by City employees and presented to a staff member that displays and
embodies the characteristics ofS.E.R.V.I.C.E. He then introduced Tom Sullivan, the 2012 Spirit
ofSt. Anthony award recipient , and asked him to introduce this year's award recipient.
Mr. Tom Sullivan stated this year's Spirit ofSt. Anthony award recipient is a great asset to the
City and always has a positive attitude and is always willing to help. He introduced Phuongmai
Dang, the 2013 Spirit ofSt. Anthony award recipient, and presented her with a plaque.
Ms. Phuongmai Dang thanked the City for the award and for the opportunity to serve the City
and its residents. She stated she would like to continue to dedicate all her efforts for the City.
Mayor Faust stated that Phuongmai Dang is typically the first person that greets you when
coming into City Hall and she has a great attitude and is always willing to help. He stated he
gets many positive comments from residents about Phuongmai Dang and expressed the City
Council's thanks and appreciation to her for her dedication to the City and its residents.
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2 City Council Regular Meeting Minutes
March 11,2014
Page 2
III.
IV.
V.
VI.
CONSENT AGENDA.
A . Consider February 25, 2014, Council meeting minutes;
B. Consider licenses and permits; and
C. Consider payment of claims.
Motion by Council member Jenson, seconded by Councilmember Gray, to approve the Consent
Agenda items.
Motion carried unanimously.
PUBLIC HEARING -NONE.
REPORTS FROM COMMISSION AND STAFF -NONE.
GENERAL BUSINESS OF COUNCIL.
A. Presentation of the 2014 Strategic Plan. Mark Casey, City Manager, presenting.
City Manager Casey advised that on January 23-24, 2014, the City Council, staff, consultants ,
and representatives from the Planning Commission and Parks Commission participated in the
annual strategic planning session and the agenda included a review of the City's goals and a
discussion about values and the City 's long term vision; in addition, the participants engaged in a
strengths , weaknesses, opportunities, and challenges analysis, culminating in preparation of the
Pyramid containing the mission, vision, strategic initiatives, goals, and action steps. He
indicated the 2014 Strategic Plan will be published in the spring newsletter and copies are
available on the website and at City Hall. He thanked the City Council, Commission
representatives, and staff for participating in the strategic planning session.
Motion by Councilmember Stille, seconded by Council member Gray, to adopt the 2014 Strategic
Plan as presented.
Motion carried unanimously.
B. 2013 Fire Department Annual Report. Mark Sitarz, Fire Chief, presenting.
Fire Chief Sitarz presented the Fire Department 2013 Annual Report and stated that the Fire
Department has five divisions, including Fire Inspections, Fire Prevention/Public Education,
Operations, Training, and Code Enforcement. He stated that 2013 was a transitional year with
the retirement of Fire Chief John Malenick in December as well as the appointment of Jay Olson
to the position of Assistant Fire Chief and Chris Fuller to the position of Fire Marshal. He stated
the Fire Department has a staff of 33 and nine rookie firefighters were hired in 2013 in
anticipation of future retirements. He explained that the Fire Department responded to 1,409
calls for service in 2013, a 55% increase, and 72% of the calls were medical calls. He stated that
the Fire Department's average response time was 2 minutes 37 seconds. He presented a
photograph of Tom who collapsed and fell down two flights of stairs and ChiefSitarz asked to
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City Council Regular Meeting Minutes
March 11 ,2014
Page 3
share his story and to thank the Fire Department for their assistance. He also presented a
photograph of a mechanical compression device used to perform CPR that was obtained through
a grant from the Minnesota Resuscitation Consortium and stated the device has had a positive
impact. He discussed the Fire Department's prevention and public education efforts including
school visits, fire extinguisher training, annual open house , severe weather training, and first aid.
He stated that 2014 goals include increased presence and community involvement and
revamping of the fire inspections and preplanning process ; in addition , Mr. Fuller will be
focusing on preparation of standard operating procedures and standard operating guidelines. He
stated that the Fire Department is committed to the safety of the community and expressed
appreciation to the firefighters for their support of him in his new position.
Councilmember Jenson commended the Fire Department for the average response time of2:37.
He also acknowledged the Fire Department's training process and noted that their training
exceeds the OSHA mandate by two and one-halftimes.
Councilmember Gray stated that the Fire Department has maintained a tradition of having a
professional culture and asked Fire Chief Sitarz to pass along his thanks to everyone in the Fire
Department.
Councilmember Roth expressed appreciation to the Fire Department for their hard work and
professionalism.
Councilmember Stille thanked Fire Chief Sitarz and the Fire Department and stated he was
pleased to have Mr. Sitarz as the new Fire Chief and looked forward to working with him.
Mayor Faust noted that the Fire Department ranks in the 90th percentile for response times of
four minutes or less and congratulated the Fire Department for its average response time of2:37.
He stated that comments have been received about how the Fire Department personnel treat
people with respect and dignity and expression appreciation for their dedication and great work.
C. 2013 Public Works Department Annual Report. Jay Hartman, Public Works Director,
presenting.
Public Works Director Hartman presented the 2013 Public Works Department Annual Report
and stated the Public Works Department is comprised of 14 full-time employees, noting that the
number of personnel has not changed over the last twenty years while the overall workload has
increased and it is because of the employees ' dedication that the Public Works Department is
able to continue to deliver a high level of cost-effective and efficient services. He advised that
the Street Division performed seven street sweepings, had nine citywide plowing events, and
completed its annual joint sealing project and striping of all MSA road segments. He indicated it
has been a tough winter and the Public Works staff has done a great job responding to and
dealing with the snow and ice and he commended them for their efforts over and above their
normal shifts. He stated the Parks Division activities included repair and maintenance of the
storm water retention ponds as well as maintaining the City's five parks , the Water/Sewer
Division activities included the annual hydrant flushing and annual maintenance of the lift
station, and advised that to date, the Public Works Department repaired nine water main breaks
and three service leaks due to the cold weather. He stated the Vehicle Maintenance Division
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City Council Regular Meeting Minutes
March 11 ,20 14
Page 4
provides maintenance and repair for all public works vehicles and City equipment, the City
Buildings Division assisted with City Hall improvement projects in the Administration area and
Police Department, and the Engineering Division assisted with the Silver Lake carp removal
project and is researching the possibility of retrofitting the City Hall parking lot lights with solar
and/or LED. He advised that the 2014 street and utility improvement project is located on
Pemod Lane from 36 th to 37'h , E dgemere Avenue from Pemod Lane to Chelmsford Road, and
Wend hurst Avenue from Pemod Lane to Chelmsford Road and this project is scheduled to start
around May I st . He advised the City is also doing a major drainage improvement project at
Central Park consisting of a biofiltration basin that will reduce overall runoff and reduce
pollutants that end up in the Mirror Lake pond . He discussed the City 'S sustainability initiatives
and explained that a storm water mechanical separator will be installed near Highway 88 at
Lowry Avenue that will treat 600 acres of storm water runoff before reaching the Mississippi
River, adding this project was made possible through a grant from MWMO. He stated that the
Salo Park alum system goal is to remove 85% phosphorous or 27 pounds of phosphorous per
year from the storm water ponds before entering Silver Lake. He advised that staff is working on
the Regional Indicators Initiative to reduce the City 's carbon footprint and find initiatives to
improve conservation and the Public Works Department continues to work on the Green Step
program with the goal of achieving a Step 4 level. He advised that the City 's annual cleanup day
is Saturday, May 3fd
, from 9:00 a.m. to 12:00 noon, curbside branch clipping is scheduled for
May 12-14, hydrant flushing is scheduled for May 19-23 , and the 2014 Villagefest is scheduled
for August 1-3. He thanked the City Council for its ongoing support and the ongoing s upport of
the City 's other departments , adding it has always been the Public Works Department's mission
and focus to be proactive and provide services that meet and exceed expectations.
Councilmember Gray asked about the City's salt and sand use this winter and the budget. He
stated that the City receives a lot of compliments about its snow removal efforts and expressed
his thanks and appreciation to the Public Works staff.
Public Works Director Hartman replied that overall , salt use was slightly above average but
because of the need for additional ice control , the City used more sand and salt than normal , but
the City will likely not need to purchase additional salt this year. He advised that the budget is in
good shape and did not believe any adjustments would need to be made to the budget.
Council member Roth requested information about pothole repairs and when the City would be
able to begin filling potholes with a permanent patch.
Public Works Director Hartman advised that the Public Works Department started repairing
potholes with a temporary patch last week and during the next month they will begin gearing up
for permanent patches.
Councilmember Stille commended the Public Works staff for their snow plowing efforts and
keeping the equipment running this winter and for their efforts throughout the year.
Council member Jenson expressed thanks to the Public Works staff for everything they do for the
City.
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City Council Regular Meeting Minutes
March 11 ,2014
Page 5
Mayor Faust commended the Public Works Department staff for their hard work and dedication.
He also expressed a personal thank you to Public Works Director Hartman for all his efforts.
VII. REPORTS FROM CITY MANAGER AND COUNCIL MEMBERS.
City Manager Casey reported that the Fire and Police Departments held a joint training exercise
involving an active shooter. He commended staff for their commitment to training and working
together to make the community a safer place .
Councilmember Gray reported on his attendance at the March 6th North Suburban
Communications Commission meeting. He stated the Commission received a proposal from
Comcast for extension of the franchise agreement and the ten member cities will be invited to a
meeting on April 17th to review the proposal. He also reported on his attendance at the March
loth City Council work session and joint meeting with the Parks Commission.
Council member Jenson reported on his attendance at the March loth City Council work session
and joint meeting with the Parks Commission.
Councilmember Roth reported on his attendance at the March 10 th City Council work session
and joint meeting with the Parks Commission. He also reported on his attendance at the March
2nd Sister City meeting. He advised that FinnFest will be held the second weekend in August.
Councilmember Stille reported on his attendance at the March 10th City Council work session
and joint meeting with the Parks Commission.
Mayor Fa ust reported on his attendance at the March 10 th City Council work session and joint
meeting with the Parks Commission. He also reported on his attendance at the March II th
MWMO board meeting.
VIII. COMMUNITY FORUM.
Mayor Faust invited residents to come forward at this time and address the Council on items that
are not on the regular agenda. Hearing none, Mayor Faust moved forward with the agenda .
IX. INFORMATION AND ANNOUNCEMENTS -NONE.
X. ADJOURNMENT.
Mayor Faust adjourned the meeting at 8:24 p.m.
Respectfully submitted,
Barbara Hughes (FimeSaver OjJSile Secretarial, Inc .)
44 ATTEST: ::-:--::c----:------
45 City Clerk
Mayor
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THIS PAGE LEFT INTENTIONALLY BLANK
Saint Anthony Village
DATE:
TO:
FROM:
March 25, 2014
Mayor and Councilmembers
License Clerk
Approved:
ITEM: License and Pennits for Approval:
General Contractors License:
Asphalt Driveway, Minneapolis, MN
Erik Johnson Concrete, Minneapolis, MN
JCE Tree Service, River Falls, WI
Living Water Tree Service, Andover, MN
Mathey Sign, Coon Rapids, MN
Overland Contracting, Conyers, GA
Heating and Air Conditioning License:
Practical Systems, Hopkins, MN
Amusement Devices License:
Applicant: National Entertainment Network
Location: 3800 Silver Lake Rd
3930 Silver Lake Rd
Cigarette and Tobacco Sales License:
Applicant: Murphy's Service Center
Location: 3501 29'h Ave
Applicant:
Location:
Applicant:
Location:
St Anthony Village Wine & Spirits
2602 39'h Ave
2700 Hwy 88
Cub Foods
3930 Silver Lake Rd
Garbage Hauler/Recycling License:
Applicant: Advanced Disposal Services
Aspen Waste System
Walters Recycling & Refuse
Waste Management ofMN
Massage License:
Applicant: Nouveaux Therapeutic Massage
Location: 2500 Hwy 88 #217
7
8 Rental License:
Applicant: Curtin Properties
Location: 3817 Macalaster Dr
Vending Machine License:
Applicant: CJ Ente~rises
Location: 2602 39' Ave
2700 Hwy 88
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City of St Anthony Village CITY OF ST ANTHONY CHECK REGISTER Page :
Check Issue Dates: 3/14/2014 -3/26/2014 Mar 19 , 2014 11:40AM
Vendor Number Payee Check Number Check Issue Date Amount
10710 ICMA RETIREMENT TRUST 22810 03/14/2014 2 ,266 .26
11792 INTERNATIONAL UNION LOCAL #49 22811 03/14/2014 393 .00
11793 LAW ENFORCEMENT LABOR SERVICES 22812 03/14/2014 900 .00
10002 LOCAL UNION IAFF #3486 22813 03/14/2014 267 .75
10054 ALLIANCE MECHANICAL 22814 03/26/2014 1,489.00
11956 AM CONSERVATION GROUP INC 22815 03/26/2014 626:43
10081 ANCOM COMMUNICATIONS 22816 03/26/2014 996 .00
10098 ARAMARK 22817 03/26/2014 83 .94
1100 ARTISIAN BEER COMPANY 22818 03/26/2014 3,313 .50
10115 ASPEN MILLS 22819 03/26/2014 506.37
10116 ASPEN WASTE SYSTEMS INC 22820 03/26/2014 119:42
10146 BARTON SAND AND GRAVEL 22821 03/26/2014 1,234 .00
1013 BELLBOY CORPORATION 22822 03/26/2014 12 ,041.27
1014 BELLBOY CORPORATION 22823 03/26/2014 150.95
10163 BENIK, JOE 22824 03/26/2014 110 .00
10185 BOUND TREE MEDICAL LLC 22825 03/26/2014 519 .73
8544 BOURGET IMPORTS 22826 03/26/2014 267 .00
10186 BOYER TRUCKS LAUDERDALE 22827 03/26/2014 31.03
10188 BRAKE & EQUIPMENT WAREHOUSE 22828 03/26/2014 24.28
1017 CAPITOL BEVERAGE SALES 22829 03/26/2014 15,710 .87
10246 CASEY ,MARK 22830 03/26/2014 195 .64
10251 COW COMPUTER CENTER , INC. 22831 03/26/2014 89 .01
10252 CENTERPOINT ENERGY 22832 03/26/2014 10 ,785.60
10262 CENTURYLINK 22833 03/26/2014 673 .39
10293 CITY OF ROSEVILLE 22834 03/26/2014 7,761.08
10292 CITY OF ROSEVILLE 22835 03/26/2014 3 ,568.00
10332 COMPTON'S COMMERCIAL CLNG . INC 22836 03/26/2014 3 ,578 .00
1042 CRYSTAL SPRINGS ICE 22837 03/26/2014 132:43
10373 DAILEY DATA & ASSOCIATES 22838 03/26/2014 93 .75
11957 DEEGAN , THOMAS 22839 03/26/2014 11.23
10417 DISCOUNT STEEL , INC . 22840 03/26/2014 118.96
11960 EMERGENCY MANAGEMENT COMPANY 22841 03/26/2014 950 .00
11870 FEDEX 22842 03/26/2014 7 .64
10508 FERGUSON WATERWORKS 22843 03/26/2014 523 .89
10526 FLEETPRIDE 22844 03/26/2014 75 .11
10550 G & K SERVICES INC 22845 03/26/2014 841 .14
10578 GOPHER STATE ONE CALL 22846 03/26/2014 60 .05
10585 GRAINGER 22847 03/26/2014 22 .34
1032 GRAPE BEGINNINGS , INC . 22848 03/26/2014 429 .00
11958 GRISEZ , BERNARD J 22849 03/26/2014 7:49
10642 HENN CNTY INFO TECH DEPT 22850 03/26/2014 2 ,891 .91
10661 HENNEPIN COUNTY TREASURER 22851 03/26/2014 724.29
10674 HICKSIERNEST 22852 03/26/2014 104 .99
10681 HIRSHFIELD'S INC 22853 03/26/2014 79.98
1019 HOHENSTEIN'S, INC 22854 03/26/2014 1,068.17
10684 HOME DEPOT CREDIT SERVICES 22855 03/26/2014 204 .25
11961 HOSKA , JIM 22856 03/26/2014 16 .08
10693 HOSTY EQUIPMENT OF MINNESOTA 22857 03/26/2014 37.96
1027 INDEED BREWING COMPANY 22858 03/26/2014 590 .00
10733 INSTRUMENTAL RESEARCH , INC . 22859 03/26/2014 85 .50
1016 JJ TAYLOR DISTRIBUTING 22860 03/26/2014 36 ,349.10
1004 JOHNSON BROTHERS LIQUOR CO . 22861 03/26/2014 11,472 .57
1005 JOHNSON BROTHERS LIQUOR COMPANY . 22862 03 /26/2014 4 ,906 .61
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City of St Anthony Village CITY OF ST ANTHONY CHECK REGISTER Page : 2
Check Issue Dates 3/14/2014 -3/26/2014 Mar 19, 2014 11:40AM
Vendor Number Payee Check Number Check Issue Date Amount
1006 JOHNSON BROTHERS LIQUOR COMPANY. 22863 03/26/2014 8 ,221.18
1044 JOHNSON BROTHERS LIQUOR COMPANY. 22864 03/26/2014 15,20201
10797 KONICA MINOLTA BUSINESS 22865 03/26/2014 3 .73
10831 LEAGUE OF MINNESOTA CITIES 22866 03/26/2014 1,790.00
10851 LILLIE SUBURBAN NEWSPAPER 22867 03/26/2014 424 .13
1022 M . AMUNDSON LLP 22868 03/26/2014 19 .20
10879 MAILFINANCE 22869 03/26/2014 135 .00
10897 MASTER TECHNOLOGY GROUP 22870 03/26/2014 200 .00
10939 MIDWAY FORD 22871 03/26/2014 47 .35
10972 MINNESOTA CHAPTER IAAI 22872 03/26/2014 25 .00
11032 MINNESOTA DEPT OF HEALTH 22873 03/26/2014 175 .00
11953 MINNESOTA PROFESSIONAL FIREFIGHTERS 22874 03/26/2014 35.00
11019 MISTER CAR WASH 22875 03/26/2014 64.40
11074 MTI DISTRIBUTING , INC 22876 03/26/2014 1,106.36
11085 MURPHY'S SERVICE CENTER 22877 03/26/2014 25.20
1051 NEW FRANCE WINE COMPANY 22878 03/26/2014 244 .50
11136 NORTHEAST WISCONSIN 22879 03/26/2014 350.00
11959 NORTHERN SALT INC 22880 03/26/2014 2 ,584 .09
11163 OFFICE DEPOT 22881 03/26/2014 227.93
1049 OLVALDE FARM AND BREWING CO 22882 03/26/2014 126 .00
11185 PACE ANALYTICAL SERVICES, INC. 22883 03/26/2014 431 .00
11186 PAETEC 22884 03/26/2014 159.67
1012 PAUSTIS & SONS 22885 03/26/2014 1,592 .31
1121 1 PETTY CASH -U.S . BANK 22886 03/26/2014 184.97
1001 PHILLIPS WINE & SPIRITS 22887 03/26/2014 2 ,718.61
1002 PHILLIPS WINE & SPIRITS 22888 03/26/2014 3,199.18
11215 PIONEER RIM AND WHEEL CO . 22889 03/26/2014 7.83
11299 RAMSEY COUNTY 22890 03/26/2014 82.00
11305 RAMSEY COUNTY FIRE CH IEFS ASSN 22891 03/26/2014 60 .00
11318 RECHECK 22892 03/26/2014 15.00
11345 ROSEVILLE CHRYSLER DODGE 22893 03/26/2014 47.36
11403 SIG SAUER INC . 22894 03/26/2014 225.00
11408 SIGNATURE CONCEPTS, INC. 22895 03/26/2014 128.73
11411 SIMON , SANDY 22896 03/26/2014 28 .34
11412 SIMPLEXGRINNELL 22897 03/26/2014 526.57
1036 SOUTHERN -WCW 22898 03/26/2014 457.75
1026 SOUTHERN LIQUOR 22899 03/26/2014 4 ,004 .67
1024 SOUTHERN WINE & SPIRITS -LAKES DIVISION 22900 03/26/2014 1,525.50
1008 SOUTHERN WINE-SPIRITS-AMERICAN DIVISION 22901 03/26/2014 4,614.60
11518 SUNDEfTRESSA 22902 03/26/2014 189.51
11549 TERMINAL SUPPLY CO. 22903 03/26/2014 23 .60
11566 TlMESAVER OFF SITE SECRETARIAL 22904 03/26/2014 163 .50
11586 TRACY PRINTING 22905 03/26/2014 673 .75
11591 TRANSPORTATION SUPPLIES INC . 22906 03/26/2014 10.52
11595 TRI STATE BOBCAT, INC. 22907 03/26/2014 70.84
11626 U.S. BANK (PURCHASING CARD) 22908 03/26/2014 2 ,313.79
11651 UN IVERSITY OF MINNESOTA 22909 03/26/2014 235 .0 0
11674 VERIZON WIRELESS 22910 03/26/2014 320 .59
11932 VILLAGE EXPRESS WASH 22911 03/26/2014 63 .68
1025 VINOCOPIA 22912 03/26/2014 2 ,150.04
11694 W.D . LARSON COMPANIES LTD , IN C 22913 03/26/2014 109.73
11699 WAL-MART BUSINESS CENTER 22914 03/26/2014 59.88
11704 WASTE MANAGEMENT OF WI-MN 22915 03/26/2014 603 .36
City of St Anthony Village CITY OF ST ANTHONY CHECK REGISTER
Check Issue Dates : 3/14/2014 -3/26/2014
Vendor Number Payee
11933 WIMACTEL INC
1034 WI NE COMPANYfTHE
1038 WINE MERCHANTS INC
1011 WIRTZ BEVERAGE -(GRIGGS)
1009 WIRTZ BEVERAGE MINNESOTA
1018 WIR TZ BEVERAGE MINNESOTA
11731 WITMER PUBLIC SAFETY GRP, INC .
11738 WSB & ASSOCIATES , INC .
11740 XCEL ENERGY
11747 YOCUM OIL COMPANY , INC.
6540 Z WINES USA LLC
Grand Totals:
Check Number
22916
22917
22918
22919
22920
22921
22922
22923
22924
22925
22926
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Mar 19 , 2014 1140AM
Check Issue Date Amount
03/26/2014 64 .13
03/26/2014 1,71245
03/26/2014 9 ,678 .74
03/26/2014 4,14145
03/26/2014 4 ,117 .6 1
03/26/2014 14 ,53845
03/26/2014 353 .17
03/26/2014 32 ,572.00
03/26/2014 18 ,339 .59
03/26/2014 18 ,165 .38
03/26/2014 106 .50
291 ,298 .39
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REQUEST FOR COUNCIL CONSIDERA TlON
Meeting Date: March 25, 2014
Resolution 14-026; Resolution Relating to $2,070,000 General Obligation Improvement Bonds, Series
2014A; Awarding the Sale , Fixing the Form and Details and Providing for the Execution and Delivery
Thereof and Security Therefor and Levying Ad Valorem for the Payment Thereof.
OVERVIEW:
The bid opening for the General Obligation Bonds Series 2014A will be taking place on March 25,
2014 . The information regarding the sale will be distributed the evening of the City Council meeting.
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CERTIFICATION OF MINUTES RELATING TO
$2 ,070 ,000 GENERAL OBLIGATION IMPROVEMENT BONDS , SERIES 2014A
Issuer: City of St. Anthony , Minnesota
Governing body: City Council
Kind , date, time and place of meeting: A regular meeting held on March 25, 20 I 4 ,
at 7:00 o 'clock P.M., at the City Hall.
Members present:
Members absent:
Documents attached:
Minutes of said meeting (induding): Pages 1 through 22
RESOLUTION 14-026
RESOLUTION RELATING TO $2 ,070,000 GENERAL
OBLIGATION IMPROVEMENT BONDS , SERIES 2014A;
A WARDING THE SALE , FIXING THE FORM AND DETAILS
AND PROVIDING FOR THE EXECUTION AND DELIVERY
THEREOF AND SECURITY THEREFOR AND LEVYING AD
VALOREM TAXES FOR THE PAYMENT THEREOF
I, the undersigned , being the duly qualified and acting recording officer of the
public corporation issuing the obligations referred to in the title of this certificate, certify
that the documents attached hereto, as described above, have been carefully compared
with the original records of the corporation in my legal custody, from which they have
been transcribed ; that the documents are a correct and complete transcript of the minutes
of a meeting of the governing body of the corporation , and correct and complete copies of
all resolutions and other actions taken and of all documents approved by the governing
body at the meeting, insofar as they relate to the obligations ; and that the meeting was
duly held by the governing body at the time and place and was attended throughout by
the members indicated above, pursuant to call and notice given as required by law.
WITNESS my hand officially as such recording officer this __ day of March ,
2014.
Barbara J. Suciu, City Clerk
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It was reported that U proposals had been received prior to 10:00 A.M.,
Central Time today for the purchase of the $2,070,000 General Obligation Improvement Bonds ,
Series 20 14A of the City in accordance with the Official Statement distributed by the City to
potential purchasers of the Bonds . The proposals have been read and tabulated , and the terms of
each have been determined to be as follows:
Bidder Purchase Price Interest Rates Net Interest Cost
(See Attached)
Councilmember ___________ then introduced the following resolution
and moved its adoption:
RESOLUTION 14-026
RESOLUTION RELATING TO $2,070,000 GENERAL OBLIGATION
IMPROVEMENT BONDS , SERIES 20 14A; AWARDING THE SALE,
FIXING THE FORM AND DETAILS AND PROVIDING FOR THE
EXECUTION AND DELIVERY THEREOF AND SE
CURITY THEREFOR AND LEVYING AD V ALOREM TAXES FOR
THE PAYMENT THEREOF
BE IT RESOLVED by the City Council of the City ofSt. Anthony, Minnesota (the
"City"), as follows:
Section I. Recitals, Authorization and Sale of Bonds.
1.01. Authorization. On February 25 ,2014 this Council held a public hearing on various
local street and utility projects , including the 2014 Street and Utility Improvements (collectively,
the "Improvements"), to be constructed within the City under and pursuant to Minnesota
Statutes , Chapter 429. This Council hereby order the Improvements in accordance with
Minnesota Statutes, Section 429.03 I. This Council has previously determined to issue and sell
$2 ,070 ,000 principal amount of General Obligation Improvement Bonds, Series 20 14A , of the
City (the Bonds) to defray a portion of the expense incurred and estimated to be incurred by the
City in making the Improvements , including every item of cost of the kinds authorized in
Minnesota Statutes , Section 475.65. The City has retained Ehlers & Associates, Inc. to act as
financial advisor to the City in connection with the issuance and sale of the Bonds, and it is
hereby determined to sell the Bonds without meeting the requirements as to public sale under
Minnesota Statutes , Section 475.60, subdivision I , pursuant to the exception from such
requirement contained in clause (9) of Minnesota Statutes, Section 475.60, subdivision 2.
1.02. Sale of Bonds. The City has received () proposals for the
purchase of the Bonds. The most favorable proposal received is that of -::-_____ _
______________ ~~~~~~--~--~~~----,of ~~--------
___ ..,--_,.----.,. __ (the "Purchaser"), to purchase the Bonds at a price of$_-:-:-__ ~_
the Bonds to bear interest at the rates set forth in Section 3.01 hereof and to be subject to the
further terms and conditions set forth in this Resolution. The proposal is hereby accepted , and
the Mayor and the City Manager are hereby authorized and directed to execute a contract on the
part of the City for the sale of the Bonds with the Purchaser. The good faith checks of the
unsuccessful bidders shall be returned forthwith.
1.03. Performance of Requirements . All acts, conditions and things which are required
by the Constitution and laws of the State of Minnesota to be done , to exist , to happen and to be
performed precedent to and in the valid issuance of the Bonds having been done, existing, having
happened and having been performed, it is now necessary for thi s Council to establish the form
and terms of the Bonds , to provide security therefor and to issue the Bonds forthwith.
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1.04. Maturities of Bonds. The Council hereby finds that the maturities of the Bonds as
set forth in Section 3.0 I hereof are warranted by the anticipated collections of special
assessments and ad valorem taxes levied and to be levied for the payment of the Bonds as
provided in Section 4 hereof.
Section 2. Form of Bonds. The Bonds shall be prepared in substantially the following
form:
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTIES OF HENNEPIN AND RAMSEY
CITY OF ST. ANTHONY
GENERAL OBLIGATION IMPROVEMENT BOND, SERIES 2014A
No. R-
Interest Rate Maturity
% February 1,20_
REGISTERED OWNER: CEDE & CO.
PRINCIPAL AMOUNT:
Date of
Original Issue
April 10 , 2014
$_---
CUSIP
THOUSAND DOLLARS
THE CITY OF ST. ANTHONY , Hennepin and Ramsey Counties, Minnesota (the
"City"), acknowledges itself to be indebted and, for value received, hereby promises to pay to the
registered owner named above, or registered assigns, the principal amount specified above , on
the maturity date specified above, with interest thereon from the date of original issue specified
above, or from the most recent interest payment date to which interest has been paid or duly
provided for , at the annual rate specified above. Interest hereon is payable on February I and
August I in each year, commencing February I , 2015 , to the person in whose name this Bond is
registered at the close of business on the 15th day (whether or not a business day) of the
immediately preceding month, all subject to the provisions referred to herein with respect to the
redemption of the principal of this Bond before maturity. The interest hereon and, upon
presentation and surrender hereof, the principal hereof, are payable in lawful money of the
United States of America by check or draft of Bond Trust Services Corporati on , in Roseville,
Minnesota, as Bond Registrar, Transfer Agent and Paying Agent (the "Bond Registrar"), or its
successor designated under th e Resolution described herein.
This Bond is one of an issue in the aggregate principal amount of $2,070,000 (the
"Bonds"), issued pursuant to a resolution adopted by the City Council on March 25 , 2014 (the
"Resolution"), for the purpose of financing a portion of the costs of various street and utility
improvements in the City (the "Improvements"), and is issued pursuant to and in full conformity
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with the provisions of the Constitution and laws of the State of Minnesota thereunto enabling,
including Minnesota Statutes , Chapters 429 and 475. The Bonds are payable primarily from the
2014A Improvement Bond Fund (the "Fund ") of the City. In addition , for the full and prompt
payment of the principal and interest on the Bonds as the same become due , the full faith , credit
and taxing power of the City have been and are hereby irrevocably pledged . The Bonds are
issuable only as fully registered bonds in denominations of$5 ,000 or any mUltiple thereof, of
single maturities.
Bonds maturing in the years 2016 through 2021 are payable on their respective stated
maturity dates without option of prior payment, but Bonds having stated maturity dates in 2022
and later years are each subject to redemption and prepayment, at the option of the City and in
whole or in part , and if in part , in the maturities selected by the City and, within a maturity, in
$5,000 principal amounts selected by lot , on February 1,2023 and on any date thereafter, at a
price equal to the principal amount thereof to be redeemed plus accrued interest to the date of
redemption.
[INSERT REDEMPTION PROVISIONS FOR ANY TERM BONDS.]
At least thirty days prior to the date set for redemption of any Bond, notice of the call for
redemption will be mailed to the Bond Registrar and to the registered owner of each Bond to be
redeemed at his address appearing in the Bond Register, but no defect in or failure to give such
mailed notice of redemption shall affect the validity of the proceedings for the redemption of any
Bond not affected by such defect or failure. Official notice of redemption having been given as
aforesaid , the Bonds or portions of the Bonds so to be redeemed shall , on the redemption date,
become due and payable at the redemption price herein specified and from and after such date
(unless the City shall default in the payment of the redemption price) such Bond or portions of
Bonds shall cease to bear interest. Upon the partial redemption of any Bond, a new Bond or
Bonds will be delivered to the registered owner without charge, representing the remaining
principal amount outstanding.
The Bonds have been designated by the City as "qualified tax-exempt obligations"
pursuant to Section 265(b) of the Internal Revenue Code of 1986, as amended.
As provided in the Resolution and subject to certain limitations set forth therein , this
Bond is transferable upon the books of the City at the principal office of the Bond Registrar, by
the registered owner hereof in person or by his attorney duly authorized in writing upon
surrender hereof together with a written instrument of transfer satisfactory to the Bond Registrar,
duly executed by the registered owner or his attorney; and may also be surrendered in exchange
for Bonds of other authorized denominations. Upon such transfer or exchange, the City will
cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the
same aggregate principal amount, bearing interest at the same rate and maturing on the same
date , subject to reimbursement for any tax , fee or governmental charge required to be paid with
respect to such transfer or exchange.
The City and the Bond Registrar may deem and treat the person in whose name this Bond
is registered as the absolute owner hereof, whether this Bond is overdue or not , for the purpose
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of receiving payment and for all other purposes , and neither the City nor the Bond Registrar shall
be affected by any notice to the contrary.
IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts,
conditions and things required by the Constitution and laws of the State of Minnesota to be done,
to exist, to happen and to be perfonned precedent to and in the issuance of this Bond in order to
make this Bond a valid and binding general obligation of the City according to its tenns , have
been done, do exist , have happened and have been perfonned in regular and due fonn as so
required ; that prior to the issuance hereof the City has levied or agreed to levy special
assessments on property specially benefited by the Improvements and ad valorem taxes on all
taxable property in the City, collectible in the years and amounts required to produce sums not
less than 5% in excess of the principal of and interest on the Bonds as such principal and interest
respectively become due , and has appropriated the same to the Fund in the manner specified in
Minnesota Statutes, Section 429.091, Subdivision 4; that, to take care of any accumulated or
anticipated deficiency in the Fund, additional ad valorem taxes are required by law to be levied
upon all taxable property in the City without limitation as to rate or amount ; and that the issuance
of this Bond does not cause the indebtedness of the City to exceed any constitutional or statutory
limitation.
This Bond shall not be valid or become obligatory for any purpose or be entitled to any
security or benefit under the Resolution until the Certificate of Authentication hereon shall have
been executed by the Bond Registrar by the manual signature of a person authorized to sign on
its behalf.
IN WITNESS WHEREOF , the City of St. Anthony, Hennepin and Ramsey Counties ,
Minnesota, by its City Council , has caused this Bond to be executed by the signatures of the
Mayor and the City Manager and has caused this Bond to be dated as of the date set forth below.
CITY OF ST. ANTHONY
City Manager Mayor
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CERTIFICATE OF AUTHENTICATION
This is one of the Bonds delivered pursuant to the Resolution mentioned within.
Date of Authentication: -----
BOND TRUST SERVICES CORPORATION ,
Roseville , Minnesota, as Bond Registrar
By ____ ~--~~------~-----
Authorized Representative
The following abbreviations, when used in the inscription on t he face of this Bond, shall
be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - -as tenants
In common
TEN ENT - -as tenants
by the entireties
JT TEN --as joint tenants
with right of
survivorship and
not as tenants in
common
UNIF TRANS MIN ACT ....... Custodian ....... .
(Cust) (Minor)
under Uniform Transfers to
Minors
Act. .................... .
(State)
Additional abbreviations may also be used.
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sells , assigns and transfers unto
_--,_--,-----:-:---,---,-------,-__ --,---_--,-,---,,------:-__ -:-:-__ ---,--__ ----: __ -:-___ the wi thi n
Bond and all rights thereunder, and hereby irrevocably constitutes and appoints
_--:-____ -,---,-------,--,_----:,-----_-,--_,--------:-_--,,------,--,----=--,-,---__ ------= attorney to transfer the
within Bond on the books kept for registration thereof, with full power of substitution in the
premIses.
Dated: __________ _
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PLEASE INSERT SOCIAL SECURITY
OR OTHER IDENTIFYING NUMBER
OF ASSIGNEE:
/--------------------~/
Signature(s) must be guaranteed by an
"eligible guarantor institution " meeting
the requirements of the Bond Registrar,
which requirements include membership
or participation in the Securities Transfer
Association Medalion Program (STAMP)
or such other "signature guaranty program "
as may be determined by the Bond Registrar
in addition to or in substitution for STAMP,
all in accordance with the Securities Exchange
Act of 1934 , as amended.
NOTICE: The signature(s) to this
assignment must correspond with the name
as it appears upon the face of the within
Bond in every particular, without alteration ,
enlargement or any change whatsoever.
[End of Bond Form.]
Section 3. Bond Terms, Execution and Delivery.
3.01. Maturities, Interest Rates, Denominations, Payment, Dating of Bonds. The City
shall forthwith issue and deliver the Bonds, which shall be denominated "General Obligation
Improvement Bonds, Series 2014A" and shall be payable primarily from the 2014 General
Obligation Improvement Bond Fund of the City created in Section 4.02. The Bonds shall be
dated as of April 23 , 2014, shall be issuable in the denominations of$5,000 or any integral
multiple thereof, shall mature on February 1 in the years and amounts set forth below, and Bonds
maturing in such years and amounts shall bear interest, computed on the basis of a 360-day year
consisting of twelve 30-day months, from April 10, 2014 until paid or duly called for redemption
at the rates per annum set forth opposite such years and amounts, respectively:
Year Amount Rate Year Amount Rate
2016 $125,000 % 2024 $135,000 %
2017 125 ,000 2025 140 ,000
2018 130 ,000 2026 145 ,000
2019 130 ,000 2027 145 ,000
2020 130,000 2028 150,000
2021 130,000 2029 155 ,000
2022 135 ,000 2030 160 ,000
2023 135 ,000
[REVISE FOR ANY TERM BONDS .]
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The Bonds shall be issuable only in fully registered fonn, of single maturities. The
interest thereon and, upon surrender of each Bond at the principal office of the Registrar
described herein , the principal amount thereof, shall be payable by check or draft issued by the
Registrar. Each Bond shall be dated by the Registrar as of the date of its authentication.
3.02. Interest Payment Dates. Interest on the Bonds shall be payable on February I and
August I in each year, commencing February I , 20 IS , to the owners thereof as such appear of
record in the bond register as of the close of business on the fifteenth day of the immediately
preceding month , whether or not such day is a business day.
3.03. Registration. The City shall appoint, and shall maintain, a bond registrar, transfer
agent and paying agent (the "Registrar"). 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 office a 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.
(b) Transfer of Bonds. Upon surrender to the Registrar for transfer of any Bond
duly endorsed by the registered owner thereof or accompanied by a written instrument of
transfer, in fonn satisfactory to the Registrar , duly executed by the registered owner
thereof or b y an attorney duly authorized by the registered owner 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 each interest payment date and
until such interest payment date.
(c) Exchange of Bonds. Whenever any Bond is surrendered by the registered
owner for exchange, the Registrar shall autheniicate and deliver one or more new Bonds
of a like aggregate principal amount , interest rate and maturity, as requested by the
registered owner or the owner's attorney duly authorized in writing .
(d) Cancellation. All Bonds surrendered upon any transfer or exchange shall be
promptly cancelled by the Registrar and thereafter disposed of as directed by the City.
(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
its refusal , in good faith , to make transfers which it , in its judgment, deems improper or
unauthori zed.
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(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 such Bond , whether such Bond shall be overdue or not , for the purpose of receiving
payment of, or on account of, the principal of and interest on such Bond and for all other
purposes, and all such payments so made to any such registered owner or upon the
owner's order shall be valid and effectual to satisfy and discharge the liability of the City
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 lost, stolen or destroyed, the Registrar shall deliver a new Bond oflike
amount, number, interest rate, 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
such Bond lost, stolen or destroyed, upon the payment of the reasonable expenses and
charges of the Registrar in connection therewith ; and , in the case of a Bond lost, stolen or
destroyed, upon receipt by the Registrar of evidence satisfactory to it that such Bond was
lost, stolen or destroyed , and of the ownership thereof, and upon receipt by 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 cancelled by it and evidence of such cancellation
shall be given to the City. If the mutilated, lost, stolen or destroyed 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 I.
3.04. Appointment oflnitial Registrar. The City hereby appoints Bond Trust Services
Corporation in Roseville, Minnesota, as the initial Registrar. The Mayor and City Manager are
authorized to execute and deliver, on behalf of the City, a contract with Bond Trust Services
Corporation, as Registrar. Upon merger or consolidation of the Registrar with another
corporation, if the resulting corporation is a bank or trust company 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 any Registrar upon thirty (30) days' notice and upon the
appointment of a successor Registrar, in which event the predecessor Registrar shall deliver all
cash and Bonds in its possession to the successor Registrar. On or before each principal or
interest due date, without further order of this Council, the Finance Director shall transmit to the
Registrar from the 2014A Improvement Bond Fund described in Section 4 hereof, moneys
sufficient for the payment of all principal and interest then due.
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3.05 . Redemption. (a) Bonds maturing in the years 2016 through 2021 are payable on
their respective stated maturity dates without option of prior payment, but Bonds maturing in
2022 and later years are each subject to redemption , at the option of the City and in whole or in
part, and if in part, in the maturities selected by the City and , within any maturity, in $5,000
principal amounts selected by the Registrar by lot , on February 1,2023 and on any date
thereafter, at a redemption price equal to the principal amount thereof to be redeemed plus
accrued interest to the date of redemption.
[(b) Bonds maturing in the year __ shall be subject to mandatory sinking fund
redemption by lot at a redemption price equal to the principal amount of the Bonds to be so
redeemed plus interest accrued thereon to the date fixed for redemption, on February I, in the
years and principal amounts set forth below:
Amount
$
*Final Maturity
In the event that any Bonds maturing in the year __ are redeemed pursuant to (a) above by
the City and canceled by the Registrar and not reissued, the Bonds maturing in the year __ so
redeemed and canceled may be applied by the City as a credit against the Bonds to be redeemed
pursuant to this subsection (b), such credit to be equal to the principal amount of the Bonds
maturing in the year so redeemed or canceled provided that the City has notified the
Register not less than thirty-five (35) days prior to the redemption date of its election to apply
such Bonds as a credit.]
[(c) Bonds maturing in the year __ shall be subject to mandatory sinking fund
redemption by lot at a redemption price equal to the principal amount of the Bonds to be so
redeemed plus interest accrued thereon to the date fixed for redemption, on February I, in the
years and principal amounts set forth below:
Amount
$
*Final Maturity
In the event that any Bonds maturing in the year __ are redeemed pursuant to (a) above by
the City and canceled by the Registrar and not reissued , the Bonds maturing in the year __ so
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redeemed and canceled may be applied by the City as a credit against the Bonds to be redeemed
pursuant to this subsection (c), such credit to be equal to the principal amount of the Bonds
maturing in the year __ so redeemed or canceled provided that the City has notified the
Register not less than thirty-five (35) days prior to the redemption date of its election to apply
such Bonds as a credit.j
(d) At least thirty days prior to the date set for redemption of any Bond, the City shall
cause notice of the call for redemption to be mailed to the Registrar and to the registered owner
of each Bond to be redeemed , 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. The notice of redemption shall specify the redemption date,
redemption price, the numbers, interest rates and CUSIP numbers of the Bonds to be redeemed
and the place at which the Bonds are to be surrendered for payment, which is the principal office
of the Registrar. Official notice of redemption having been given as aforesaid, the Bonds or
portions thereof 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 thereof shall cease to bear interest.
Bonds in a denomination larger than $5,000 may be redeemed in part in any integral
multiple of $5,000. The owner of any Bond redeemed in part shall receive without charge, upon
surrender of such Bond to the Registrar, one or more new Bonds in authorized denominations
equal in principal amount to be unredeemed portion of the Bond so surrendered.
3.06. Preparation and Delivery. The Bonds shall be prepared under the direction of the
City Manager and shall be executed on behalf of the City by the signatures of the Mayor and the
City Manager; provided that said signatures may be printed, engraved, or lithographed facsimiles
thereof. In case any officer whose signature, or a facsimile of whose signature, shall appear on
the Bonds shall cease to be such officer before the delivery of any 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 delivery. 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 such Bond has been duly executed by the manual signature
ofan 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
each Bond shall be conclusive evidence that it has been authenticated and delivered under this
Resolution. When the Bonds have been so executed and authenticated, they shall be delivered
by the City Manager to the Purchaser upon payment of the purchase price in accordance with the
contract of sale heretofore made and executed, and the Purchaser shall not be obligated to see to
the application of the purchase price.
3.07. 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.
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"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 from the City to DTC with
re spect to the procedures of DTC presently on file with DTC .
(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 ofDTC. 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 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 the Representation Letter, 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 (d) 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 bond 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 (d) hereof. DT C may determine to discontinue providing its services with
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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 (d) hereof.
(d) 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 pennitted
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 bond certificates and the method of payment of principal of
and interest on such Bonds in the form of bond certificates.
Section 4 . Security Provisions.
4.0 I. 20 14A Improvement Construction Fund. There is hereby created a special
bookkeeping fund to be designated as the "20 14A Improvement Construction Fund " (the
"Construction Fund"), to be held and administered by the Finance Director separate and apart
from all other funds of the City. The City appropriates to the Construction Fund (a)
$ of the proceeds of the sale of the Bonds, and (b) all collections of special
assessments levied for the Improvements until completion and payment of all costs of the
Improvements. The Construction Fund shall be used solely to defray expenses of the
Improvements, including but not limited to the transfer to the Bond Fund, created in Section 4.02
hereof, of amounts sufficient for the payment of interest and principal, if any, due upon the
Bonds prior to the completion and payment of all costs of the Improvements and the payment of
the expenses incurred by the City in connection with the issuance of the Bonds. Upon
completion and payment of all costs of the Improvements, any balance of the proceeds of Bonds
remaining in the Construction Fund may be used to pay the cost, in whole or in part, of any other
improvements instituted pursuant to the Act , as directed by the City Council , but any balance of
such proceeds not so used shall be credited and paid to the Bond Fund.
4.02. 2014A Improvement Bond Fund. So long as any of the Bonds are outstanding and
any principal of or interest thereon unpaid, the Finance Director shall maintain a separate and
special bookkeeping fund designated "2014A Improvement Bond Fund" (the "Bond Fund") to be
used for no purpose other than the payment of the principal of and interest on the Bonds and on
such other improvement bonds of the City as have been or may be directed to be paid therefrom.
The City irrevocably appropriates to the Bond Fund (a) all amounts in excess of$2,045 ,160.00
received from the Purchaser, plus capitalized interest in the amount of$39,012 .00, (b) the
collections of special assessments and other funds to be credited and paid thereto in accordance
with the provisions of Section 4.01 , (c) any taxes levied in accordance with this resolution , and
(d) all such other moneys as shall be received and appropriated to the Bond Fund from time to
time. 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 Bond Fund when the
balance therein is sufficient , and the Council covenants and agrees that it will each year levy a
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sufficient amount to take care of any accumulated or anticipated deficiency, which levy is not
subject to any constitutional or statutory tax limitation .
There are hereby established two accounts in the Bond Fund , designated as the "Debt
Service Account " and the "Surplus Account." All mone y appropriated or to be deposited in the
Bond Fund shall be deposited as received into the Debt Service Account. On each February I ,
the Finance Director shall determine the amount on hand in the Debt Service Account. If such
amount is in excess of one-twelfth of the debt service payable from the Bond Fund in the
immediately preceding 12 months , the Finance Director shall promptly transfer the amount in
excess to the Surplus Account. The City appropriates to the Surplus Account any amounts to be
transferred thereto from the Debt Service Account as herein provided and all income derived
from the inve s tment of amounts on hand in the Surplus Account. If at any time the amount on
hand in the Debt Service Account is insufficient to meet the requirements ofthe Bond Fund , the
Finance Director shall transfer to the Debt Service Account amounts on hand in the Surplus
Account to the extent necessary to cure such deficiency.
4.03 . Additional Bonds. The City reserves the right to issue additional bonds payable
from the Bond Fund as may be required to finance costs of the Improvements not financed
hereby ; provided that the City Council shall , prior to the delivery of such add iti onal bonds, levy
or agree to levy by resolution sufficient additional special assessments and ad valorem taxes , if
any, which, together with other moneys or revenues pledged for the payment of said additional
obligations , will produce revenues at least five percent (5%) in excess of the amount needed to
pay when due the principal and interest on all bonds payable from the Bond Fund. The
additional special assessments , ad valorem taxes and moneys or revenues so pledged , levied or
agreed to be levied shall be irrevocably appropriated to the Bond Fund in the manner provided
by Minnesota Statutes, Section 475.61.
4.04 . Levy of Special Assessments. The City hereby covenants and agrees that for
payment of the cost of each of the Improvements it will do and perform all acts and things
necessary for the full and valid levy of special assessments against all assessable lots , tracts and
parcels of land benefited thereby and located within the area proposed to be assessed therefor,
based upon the benefits received by each such lot , tract or parcel, in an aggregate principal
amount not less than twenty percent (20%) of the cost of the Improvements . In the event that
any such assessment shall be at any time held invalid with respect to any lot , piece or parcel of
land, due to any error, defect or irregularity in any action or proceeding taken or to be taken by
the City or this Councilor any of the City 'S officers or employees, either in the making of s uch
assessment or in the performance of any condition precedent thereto, the City and this Council
hereby covenant and agree that they will forthwith do all such further acts and take all such
further proceedings as may be required by law to make such assessments a valid and binding lien
upon such property. The Council presently estimates that the special assessments shall be in the
aggregate principal amount of$266,783.72 payable in not more than 15 installments, the first
installment to be collectible with taxes during the year 2016 , and that deferred installments shall
bear interest at the rate of not les s than 4.90% per annum from the date of the resolution levying
said asses sment until December 31 of the year in which the installment is payable.
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4.05. Ad Valorem Taxes. The full faith and credit and taxing powers of the City are
irrevocably pledged for the prompt and full payment of the principal of and interest in the Bonds
as the same become respectively due. For the purpose there is hereby levied upon all of the
taxable property of the City a direct, annual ad valorem tax , which shall be spread upon the tax
rolls prepared in each of the following years and collected with other taxes in the following years
and amounts as follows:
Year Levy Year Collection Amount
2016 2017 $181,072.50
2017 2018 185 ,206.88
2018 2019 183,637.13
2019 2020 181,726.13
2020 2021 179 ,337 .38
2021 2022 181 ,789.13
2022 2023 178 ,528.88
2023 2024 175,056.00
2024 2025 176,620.50
2025 2026 177,828.00
2026 2027 173,336.63
2027 2028 173,866.88
2028 2029 173,998.13
2029 2030 173,796.00
The foregoing tax levies together with special assessments are such that if collected in full they
will produce at least five percent (5%) in excess of the amount needed to pay when due the
principal of and interest on the Bonds . This tax shall be irrevocably appropriated to the Bond
Fund as long as any of the Bonds are outstanding and unpaid ; provided that the City reserves the
right and power to reduce the levies in the manner and to the extent permitted by Minnesota
Statutes, Section 475.61.
4.06. Full Faith and Credit Pledged. The full faith and credit of the City are irrevocably
pledged for the prompt and full payment of the principal of and the interest on the Bonds, and the
Bonds shall be payable from the Bond Fund in accordance with the provisions and covenants
contained in this resolution. It is estimated that the special assessments and ad valorem taxes
levied and to be levied for the payment of the Improvements will be collected in amounts not
less than five percent (5%) in excess of the annual principal and interest requirements of the
Bonds . If the money on hand in the Bond Fund should at any time be insufficient for the
payment of principal and interest then due , this City shall pay the principal and interest out of
any fund of the City, and such other fund or funds shall be reimbursed therefor when sufficient
money is available to the Bond Fund. Ifon October I in any year the sum of the balance in the
Bond Fund plus the amount of taxes and special assessments theretofore levied for the
Improvements and collectible through the end of the following calendar year is not sufficient to
pay when due all principal and interest become due on all Bonds payable therefrom in said
following calendar year, or the Bond Fund has incurred a deficiency in the manner provided in
this Section 4.06, a direct , irrepealable, ad valorem tax shall be levied on all taxable property
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within the corporate limits of the City for the purpose of restoring such accumulated or
anticipated deficiency in accordance with the provisions of this resolution.
Section 5. Defeasance. When any Bond has been discharged as provided in this Section
5, all pledges , covenants and other rights granted by this resolution to the holders of such Bonds
shall cease, and such Bonds shall no longer be deemed outstanding under this Resolution. The
City may discharge its obligations with respect to any Bond which is due on any date by
irrevocably 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 , the City may nevertheless discharge
its obligations with respect thereto by depositing with the Registrar a sum sufficient for the
payment thereof in full with interest accrued to the date of such deposit. The City may also
discharge its obligations with respect to any prepayable Bond called for redemption on any date
when it is prepayable according to their terms , by depositing with the Registrar on or before that
date a sum sufficient for the payment thereof in full ; provided that notice of the redemption
thereof has been duly given as provided in Section 3.05. 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 a
bank qualified by law as an escrow agent for this purpose, cash or securities which are
authorized by law to be so deposited , bearing interest payable at such times and at such rates and
maturing on such dates as shall be required, without reinvestment , to pay all principal and
interest to become due thereon to maturity or, if notice of redemption as herein required has been
duly provided for , to such earlier redemption date .
Section 6. County Auditor Registration, Certification of Proceedings, Investment of
Money, Arbitrage and Official Statement.
6 .01. County Auditor Registration. 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 other infonnation as the County Auditors shall require, and to
obtain from each Count y Auditor a certificate that the Bonds have been entered on his bond
register and the taxes described in Section 4.05 hereof have been levied as required by law.
6.02. Certification of Proceedings. The officers of the City and the County Auditors of
Hennepin and Ramsey Counties are hereby authorized and directed to prepare and furnish to the
Purchaser and to Dorsey & Whitney LLP, Bond Counsel to the City, certified copies of all
proceedings and records of the City, and such other affidavits, certificates and infonnation 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 under their custody and control or as otherwise known
to them , and all such certified copies, certificates and affidavits, including any heretofore
furnished, shall be deemed representations of the City as to the facts recited therein.
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6.03. Covenant. The City covenants and agrees with the holders from time to time of the
Bonds that it will not take or penni! to be taken by any of its officers, employees or agents any
action which would cause the interest on the Bonds to become subject to taxation under the
Internal Revenue Co de of 1986 , as amended (the "Code "), and Regulations promulgated
thereunder (the "Regulations "), as s uch are enacted or promulgated and in effect on the date of
issue of the Bonds , and covenants to take any and all actions within its powers to ensure that the
interest on the Bonds will not become subject to taxation under such Code and Regulations. The
Improvements are public improvements available for use by members of the general public on a
substantially equal basis. The City will not enter into any lease , use agreement or other contract
respecting the Improvements which would cause the Bonds to be considered "private activity
bonds" or "private loan bonds" pursuant to Section 141 of the Code.
6.04. Arbitrage Rebate. For purposes of complying with the requirements of Section
I 48(f)( 4)(C) of the Code relating to the exemption of certain small governmental units from the
rebate requirements of the Code, the City represents that:
(i) the City is a governmental unit with general taxing powers;
(ii) the Bonds are not "private activity bonds " as defined in Section 141 of the Code
(Private Activity Bonds);
(iii) ninety-five percent of the net proceeds of the Bonds are to be used for the local
governmental purposes of the City; and
(iv) the aggregate face amount of all tax-exempt bonds (other than Private Activity
Bonds) issued by the City in calendar year in which the Bonds are to be issued is
not reasonably expected to exceed $5,000,000.
Therefore, pursuant to the provisions of Section I 48(f)(4)(C) of the Code, the City shall
not be required to comply with the arbitrage rebate requirements of paragraphs (2) and (3) of
Section I 48(f) of the Code.
6.05. Investment of Money on Deposit in the Bond Fund. The Finance Director shall
ascertain monthly the amount on deposit in the Bond Fund. If the amount on deposit therein ever
exceeds the aggregate amount of principal and interest due and payable from the Bond Fund
through the next following February I plus a reasonable carryover as permitted by the
Regulations , such excess shall be used to prepay and redeem Bonds or be invested at a yield less
than or equal to the yield on the Bonds, based upon their amounts, maturities and interest rates
on their date of issue, computed by the actuarial method. The City reserves the right to amend
the provisions of this Section at any time, whether prior to or after the delivery of the Bonds, if
and to the extent that this Council determines that the provisions of this Section are not necessary
in order to ensure that the Bonds are not "arbitrage bonds" within the meaning of Section 148 of
the Code and Regulations.
6.06. Arbitrage Certification. The Mayor and the City Manager, being the officers of the
City charged with the responsibility for issuing the Bonds pursuant to this resolution , are
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authorized and directed to execute and deliver to the Purchaser a certification in accordance with
the provisions of Section 148 of the Code, and the 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.
6.07. Interest Disallowance. The City hereby designates the Bonds as "qualified tax -
exempt obligations" for purpose of Section 265(b) of the Code relating to the disallowance of
interest expenses for financial institutions. The City represents that in calendar year 2014 it does
not reasonably expect to issue tax-exempt obligations which are not private activity bonds (not
treating qualified 501(c)(3) bonds under Section 145 of the Code as private activity bonds for
purposes of this representation) in an amount in excess of $1 0,000,000.
6.08. Official Statement. The Official Statement relating to the Bonds , dated March 13 ,
2014, prepared and distributed on behalf of the City by Ehlers & Associates , Inc., is hereby
approved. Ehlers & Associates , Inc., is hereby authorized on behalf of the City to prepare and
distribute to the Purchaser a supplement to the Official Statement listing the offering price, the
interest rates, other information relating to the Bonds required to be included in the Official
Statement by Rule 15c2-12 adopted by the Securities and Exchange Commission under the
Securities Exchange Act of 1934. Within seven business days from the date hereof, the City
shall deliver to the Purchaser 30 copies of the Official Statement and such supplement. 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.
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.
Section 7. 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.l5c2-12), 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 ofa
Bond , 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
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provides to the Registrar evidence of such beneficial ownership in fonn and substance
reasonably satisfactory to the Registrar. As used herein, Beneficial Owner means , in respect of a
Bond , any person or entity which (i) has the power, directly or indirectly, to vote or consent with
respect to , or to dispose of ownership of, such Bond (including persons or entities holding Bonds
through nominees, depositories or other intennediaries), or (ii) is treated as the owner of the
Bond for federal income tax purposes.
(b) Infonnation To Be Disclosed . The City will provide, in the mal1l1er set forth in
subsection (c) hereof, either directly or indirectly through an agent designated by the City, the
following infonnation at the following times:
(I) on or before 12 months after the end of each fiscal year of the City, commencing with
the fiscal year ending December 3 I , 20 I 4, the following financial infonnation and
operating data in respect of the City (the Disclosure lnfonnation):
(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 Mil1l1esota 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 infonnation for such fiscal year or for the period most recently
available of the type contained in the Official Statement under headings :
Current Property Valuations ; Direct Debt ; Tax Levies and Collections;
Population Trend and EmploymentlUnemployment Data.
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 fonnat required for the audited financial statements as part of the Disclosure lnfonnation and,
within 10 days after the receipt thereof, the City shall provide the audited financial statements.
Any or all of the Disclosure lnfonnation 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 on the Internet Web site of the Municipal
Securities Rulemaking Board (MSRB). The City shall clearly identify in the Disclosure
lnfonnation each document so incorporated by reference. Ifany part of the Disclosure
Infonnation can no longer be generated because the operations of the City have materially
changed or been discontinued , such Disclosure lnfonnation need no longer be provided if the
City includes in the Disclosure lnfonnation a statement to such effect ; provided , however, if such
operations have been replaced by other City operations in respect of which data is not included in
the Disclosure Infonnation and the City detennines that certain specified data regarding such
replacement operations would be described in paragraph (2) hereof, then, from and after such
detennination , the Disclosure Infonnation shall include such additional specified data regarding
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the replacement operations. If the Disclosure Information is changed or this section is amended
as permitted by this paragraph (b)(l) 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 often business days after the occurrence of the
event, notice of the occurrence of any of the following events:
(A) Principal and interest payment delinquencies;
(B) Non-payment related defaults , ifmaterial;
(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 Fonn
570 \-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;
(0) Modifications to rights of security holders, if material;
(H) Bond calls, if material, and tender offers;
(I) Defeasances;
(1) 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.
As used herein , for those events that must be reported if material, an event is "material " if it is an
event as to which a substantial likelihood exists that a reasonably prudent investor would attach
importance thereto in deciding to buy, hold or sell a Bond or, ifnot disclosed , would
significantly alter the total information otherwise available to an investor from the Official
Statement, infonnation disclosed hereunder or information generally available to the public.
Notwithstanding the foregoing sentence, an event is also "material" if it is an event that would be
deemed material for purposes of the purchase, holding or sale of a Bond within the meaning of
applicable federal securities laws, as interpreted at the time of discovery of the occurrence of the
event.
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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, 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)(I) 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 Infomlation 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 , in an electronic format as
prescribed by the MSRB from time to time, the information described in subsection
(b).
(2) All documents provided to the MSRB pursuant to this subsection (c) shall be
accompanied by identifying infonnation 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 tenninate 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
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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)(3) hereof) or the consent of the Owners of any Bond s, 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 Infonnation 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, ifany, 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 di sclosure provisions of
the Rule and should be construed so as to satisfy the requirements of paragraph (b)(5) of the
Rule .
Section 8. 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 Klein Bank, on the closing date for further distribution as directed by the
City's financial advisor, Ehlers & Associates, Inc.
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Adopted this 25 th day of March 2014 .
ATTEST: ~~ __ ~~~~~~_
Barbara J. Suciu , City Clerk
Reviewed for administration:
Jerome O. Faust, Mayor
Mark Casey, Manager
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COUNTY AUDITOR 'S CERTIFICATE AS TO
REGISTRATION OF BONDS AND TAX LEVY
CITY OF ST. ANTHONY , MINNESOTA
I, the undersigned, being the duly qualified and acting County Auditor of Hennepin
County, Minnesota, hereby certify that there has been filed in my office a certified copy of a
resolution of the City Council of the City ofSt. Anthony, in said County, adopted March 25,
2014, awarding the sale, fixing the form and details and providing for the execution, delivery and
security of$2,070,000 General Obligation Improvement Bonds, Series 2014A , of the City, to be
dated , as of April 10 , 2014 and levying taxes for the payment of principal of and interest on said
Bonds.
I further certify that said Bonds have been entered on my bond register and the tax
required by law for payment of the Bonds has been levied and filed , as required by Minnesota
Statutes, Sections 475.61 to 475.63.
WITNESS my hand and official sea l this ___ day of ______ , 2014.
Hennepin County Auditor
(SEAL)
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COUNTY AUDITOR 'S CERTIFICATE AS TO
REGISTRATION OF BONDS AND TAX LEVY
CITY OF ST. ANTHONY, MINNESOTA
I, the undersigned, being the duly qualified and acting County Auditor of Ramsey
County, Minnesota, hereby certify that there has been filed in my office a certified copy of a
resolution of the City Council of the City of st. Anthony, in said County, adopted March 25 ,
2014, awarding the sale, fixing the form and details and providing for the execution , delivery and
security of $2 ,070,000 General Obligation Improvement Bonds, Series 20 14A , of the City, to be
dated, as of April 10 , 2014 and levying taxes for the payment of principal of and interest on said
Bonds.
I further certify that said Bonds have been entered on my bond register and the tax
required by law for payment of the Bonds has been levied and filed , as required by Minnesota
Statutes, Sections 475.61 to 475.63.
WITNESS my hand and official seal this ___ day of ______ , 2014 .
Ramsey County Auditor
(SEAL)
41
3/20/2014
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Vision Statement
The St. Anthony Village Wine and
Spirits brand is committed to
providing a unique retail
environment that is based on
excellent customer service,
product selection, competitive
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3
44
3/20/2014
4
Wine
$1 ,901 ,086
27%
Spi rits
$2,047 ,328
29%
Beer
$2,843,286
40%
45
3/20/2014
5
46
Beer
19%
Spirits
24%
---.-. . __ .... _----
Spirits
29%
Beer
32%
3/20/2014
6
47
3/20/2014
7
48
3/20/2014
8
49
3/20/2014
9
50
THIS PAGE LEFT INTENTION ALL Y BLANK
St. Anthony Police Department
2013
Annual
Report .
St. Anthony Part I Crimes
1I~""",r "-"'-OAw"d
.B"V~
'h •
• w~
'MOO
51
3/20/2014
1
52
8t. Anthony Part II Crimes
.ForQflIY
.00<
a Loq1Jo.
Other Callsllncidents of Interest
6500
~------~~r-----I ~~
6400 A---------
6300
2011 2012 2013
0 2011
.2012
0 2013
3/20/2014
2
Patrol Review
• 3 ,068 citations issued
for moving violation
• 396 citations issued
for non-moving
violations
• 1,047arrests
• Added one additional
sergeant and
accomplished 24 hour
patrol supervision
I nvestigation Review
• Total Criminal Cases 623
• Total Cases Cleared 371
• Total Cases Cleared by Arrest 305
• Total Cases Cleared by Other 66
• CLEARANCE RATE 59%
53
3/20/2014
3
54
Education Summary
• The Police Department completed 1375 hours of
training (excluding SWAT and WMD); Training
included:
-Some training and classes were conducted on-line
saving time and travel
-Risk Management
-All officers Datamaster for DWI Arrests
-Search and Seizure
-Use of Force
-Stress Influences
-Risk Management and Leadership
Police Reserves
• 6 ReseNe Officers
left (3 were hired as
licensed officers by
other agencies .)
• Hired 4 new ReseNe
Officers
• 3635 Donated Hours
• High Hours
-Lazenberry with 694 hours
3/20/2014
4
Crime Prevention
• MN Night to Unite -attended 39 block parties
• Participated in the Memorial Guard as part of
Law Enforcement Memorial Day
• 3rd Summer Survival School
• Attended many school and community events
Crime Prevention
• Cops vs Kids
Basketball
• Citizen 's Academy
• Special Olympics Law
Enforcement Torch
Run
• "Shop with a Cop"
55
3/20/2014
5
56
St. Anthony Police Department
2013
Annual
Report
Questions?
This report can be viewed on-line at www.ci .saint -anthony.mn .us
3/20/2014
6
FUTURE COUNCIL AGENDA ITEMS
Date Type Items/Issues Staff Present
2014
Parks Commission Workplan Ci ty Council
April 8 Regular Ordinance Amendment -Nonforming lots Sizes City Manager
Finance Annual Report Finance Director
Public Hearing on 2015 Budget
City Council
April 22 Regular Quarterly Goals Update
City Manager
Finance Director
Clean Up Day Presentation
Nicole Nissen-Hooper
April 29 Special Joint Meeting with School Board
City Council
City Manager
MayS Special Work Session
City Cou neil
City Manager
City Council
City Manager
May 12 Special T ou r of the City Oept. Heads
Planner
City Engineer
May 13 Regular
Planning Commission items from Apri l City Council
Presentation-Sa lo Park Concert City Manager
May 27 Regular City's Insurance Renewal
City Counci l
City Manager
June 10 Regular Planning Commissio n items from May
City Council
City Manager
Feasibility Report for 2015 Street Project City Council
June 24 Regular Adoption of Safe Routes to School Plan City Manager
2013 Audit Presentation City Engineer
July 8 Regular
Planning Commission items from June City Council
Approval of Election Judges for Primary Election on August 12, 2014 City Manager
Proclamation Night to Unite, August 5th
City Council
Ju ly 22 Regular Presentation from Villagefest Representative
City Manager
Quarterly Goals Update
July 29 Special Joint Meeting with School Board
City Council
Ci ty Manager
Planning Commission items from July City Council
August 12
Regular
2015 Budget Presentation City Manager
8:00 pm
liquor Operations Mid-Year Report
Finance Director
Liquor Operations Mgr
August 26 Regular
2015 Street Project Receive Feasibility Report & Order Plans & Specifications City Council
SANB School District Update City Manager
September 9 Regular
Planning Commission items from August City Council
Approval of Preliminary Levy City Manager
Approval o f Election Judges f or General Election on November 4, 2014
September 23 Regular
Certification of Outstanding Utility Bills City Council
Upcoming Fire Prevention Month City Manager
Proclamation -Kiwanis Peanut Day
September 30 Special Joint Meeting with School Board
City Council
City Manager
Date
October 14
October 28
November 11
November 25
December 9
December 23
January 13
January 22-23
January 27
February 10
February 24
March 10
March 24
Item s Pending:
... Worksessio ns
Type
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Goa l Setting
Regular
Regular
Regular
Regular
Regular
FUTURE COUNCIL AGENDA ITEMS
Items/Issues Staff Presen t
Planning Commission items from September City Council
City Manager
Quarterly Goals Update City Council
Electronic Poll books Update City Ma nager
City Clerk
Planning Commission items from October City Council
Ordinance to Set Fees for 2015 (Public Hearing; 1st reading) City Manager
Score Grant Funding Application Approval-Consent
City Counci l Ordinance to Set Fees for 2015 -second reading
Approval of fees set by Resolution for 2015 City Manager
Planning Commission items from November
Appoin t ments to the Planning & Parks Commission City (au neil
Public Hearing on Final Levy City Manager
Ordinance to Set Fees for 20 15· final reading
City Council
City Manager
2015
Housekeeping Issues Planning Commission Items from December City Council
Quarterly Goals Update City Manager
City Council
City M a nager
Dept. Heads
2015 Street Project
Cal l for Hearing on Improvements
City Council Call for Hearing on Assessments
Order Preparation of Assessments
City Manager
Annua l Report· Administration
Planning Commission Items from January City Council
Ci t y Mana ger
2015 Street Project
'" Public Hearing· Or dering I mprovements City Cou ncil
'" Awa rd Bid to Contractor City Manager
-Cali for Sale of GO Bonds
20 1 5 Stra t egic Goals p r esentation City Cou n ci l
City Mana ger
2014 Street Pro j ec t
... Accept offers fo r Bonds City Council
... Approve Bond Sale City Manager
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