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Home My WebLink About2007 [06] Jun 21 {Book 41} CITY OF ST. JOSEPH www.cityofstjoseph.com St. Joseph City Council June 21, 2007 4:00 PM 1. Call to Order Administrdtor Judy'Weyrens 2. Approve Agenda Mdyor Richdrd Cdrlbom 3. Consent Agenda a. Minutes - Requested Action: Approve the minutes. b. Bills Payable - Requested Action: Approve check numbers 038962- 039014. Councilors Steve Frdnk AI Rdssier Renee Symdnietz Ddle 'Wick 4. Public Comments to the Agenda 5. 4:00 PM Monte Eastvold. Bond Sale 6. Mayor Reports 7. Council Reports 8. Administrator Reports 9. Adjourn 2.') College Avenue North' PO Box 668 . Sdint. joseph, Minnesotd ')6)74 Phone ,2.0.,6,.]2.01 FdX ,2.0.,6,.0'42. i! 1 i 1 , , i: i' I' i i ii ~- , ir-\ I, ..i.lj ~...,. ~,/ t.'--Q.?f...IZu. "\ '-, '"1 !i~ l.~~~1tI (j))4,I-/JS1I2()~ i.. i. yJ;l~ c 'r. '. j,n. J '.J. . 'j ;r~W~ 1~~~#.R ~~ i\~ C;;~hf~N ~t1it~~, i' V V0J. ~eJ(~ !i ~ / . , - _...-/. '--' i" i.. Uvf'kV-~ -1'."./!--~..i ., 0' ..~ ". 1_-"1- ~" - ','.' I'~.' . I ' .'.. .!.:.... A~. .j~'_"'..~. ~ ~. ..~.L"f....7? : L ~". ! " 'C1f"/. ~VLd7~ I ! 1 \ / j V /d f(~ @J- ~ Jr .$.sC(:J/1- 10 j-jfAL ~. :;2:C" ~ ~.. Z IV t9 /h> R. S<C, , r ")a C,-n 1-~ s-e.. 3/~ - ?~I/-e 5/: / /OY~4(~ .. I /I k ( City of St. Joseph Page 1 Bills Payable June 19, 2007 Check Search Name Comments Amount FUND DEPART OBJ Nbr 038962 EFTPS Reg pp 12,12.1 $4,403.74 101 038962 EFTPS Reg pp 12,12.1 $7,549.14 101 038962 EFTPS Reg pp 12,12.1 $2,435.66 101 038963 COMMISSIONER OF REVENUE Reg pp 12,12.1 & $1,925.41 101 038964 ING LIFE INS & ANNUITY COMPANY Reg pp 12 $475.00 101 038965 PERA Con pp 6 $242.56 101 038965 PERA Reg pp 12.1 $1,251.05 101 038965 PERA Reg pp 12 $5,765.42 101 038966 FIRST STATE BANK Reg pp 12 $165.00 101 038967 MINNESOTA POLLUTION CONTROL AG License Renewal- $23.00 602 49480 446 038968 JOHN T JONES Water Treatment $140,636.9 601 49431 530 038969 R. L. LARSON EXCAVATING, INC Hill Street $28,699.86 433 43120 530 038970 W. GOHMAN CONSTRUCTION Centenial Park $8,433.00 205 45203 531 038971 LARSON EXCAVATING 2007 Storm Sewer $99,101.57 651 49900 530 038972 C & L EXCAVATING, INC 2006 Street $15,324.73 438 43120 530 038973 ACCLAIM BENEFITS administration $10.67 601 49440 137 038973 ACCLAIM BENEFITS administration $5.00 101 41530 137 038973 ACCLAIM BENEFITS administration $10.67 101 45202 137 038973 ACCLAIM BENEFITS administration $48.00 101 42120 137 038973 ACCLAIM BENEFITS administration $10.66 602 49490 137 038973 ACCLAIM BENEFITS administration $10.00 101 41430 137 038973 ACCLAIM BENEFITS administration $5.00 603 43230 137 038974 ACCLAIM BENEFITS-REIMB Daycare $370.00 101 038975 AFSCME COUNCIL 65 dues-June $328.95 101 038976 ALL CARE TOWING Ealge Talon Towing $82.53 101 42152 220 038977 ALLIED WASTE SERVICES May services $15,751.72 603 43230 384 038977 ALLIED WASTE SERVICES May services $73.07 105 42220 384 038977 ALLIED WASTE SERVICES May services $235.26 101 45202 384 038977 ALLIED WASTE SERVICES May services $73.06 101 45201 384 038977 ALLIED WASTE SERVICES May services $73.07 602 49490 384 038978 AMERICAN BUSINESS FORMS utility envelopes $115.90 601 49440 220 038978 AMERICAN BUSINESS FORMS utility envelopes $115.90 602 49490 200 038978 AMERICAN BUSINESS FORMS utlity envelopes $115.90 603 43230 200 038979 CENTRAL MCGOWAN Med Oxygen $52.56 105 42270 210 038980 CITY OF ST. CLOUD sewer rental $14,071.87 602 49480 419 038981 GALL'S INC 2 Radians $208.61 101 42120 240 038982 GRANITE ELECTRONICS mobile vision $70.33 101 42151 233 038983 HEARTLAND SECURITY SERVICES Security System $15,535.00 601 49431 530 038984 INSPECTRON INC building inspection $9,062.50 101 42401 300 038984 INSPECTRON INC building inspection $8,825.00 101 42401 300 038985 JM GRAYSTONE OIL CO., INC UPS-May $26.68 602 49490 322 038985 JM GRAYSTONE OIL CO., INC Fuel - May $371.81 602 49490 210 038985 JM GRAYSTONE OIL CO., INC Fuel - May $371.80 601 49440 210 038985 JM GRAYSTONE OIL CO., INC Fuel - May $371.80 101 45202 210 038985 JM GRAYSTONE OIL CO., INC Fuel - May $371.80 101 43220 210 038985 JM GRAYSTONE OIL CO., INC Fuel- May $371.80 101 43120 210 038986 KEEPRS, INC/CY'S UNIFORMS J Klein-clothing $67.04 101 42120 171 038986 KEEPRS, INC/CY'S UNIFORMS Jansky-badge $10.60 101 42120 171 038987 KLN DISTRIBUTING, INC HP Printer for billing $462.03 602 49490 580 038987 KLN DISTRIBUTING, INC HP Printer for billing $462.03 651 49900 580 038987 KLN DISTRIBUTING, INC HP Printer for billing $462.04 601 49440 580 - 038988 LAW ENFORCEMENT LABOR SERVICES dues-June $276.50 101 038989 LEEF BROS floor mats, towels $100.24 101 41430 210 038989 LEEF BROS floor mats, towels $75.32 101 42120 210 038989 LEEF BROS clothing allowance $108.98 101 43120 171 038989 LEEF BROS clothing allowance $108.98 101 45202 171 038989 LEEF BROS clothing allowance $108.98 601 49440 171 038989 LEEF BROS clothing allowance $108.98 602 49490 171 038989 LEEF BROS clothing allowance $108.98 602 49450 171 038990 LEE'S ACE HARDWARE supplies $30.35 101 41942 210 038990 LEE'S ACE HARDWARE Centennial park $68.84 205 45203 531 038990 LEE'S ACE HARDWARE supplies $13.42 101 43120 220 -. City of St. Joseph Page 2 Bills Payable June 19, 2007 Check Search Name Comments Amount FUND DEPART OBJ Nbr 038990 LEE'S ACE HARDWARE supplies $2.88 601 49421 210 038990 LEE'S ACE HARDWARE supplies $74.63 601 49440 220 038990 LEE'S ACE HARDWARE supplies $83.09 101 45201 220 038990 LEE'S ACE HARDWARE supplies $6.14 105 42250 230 038990 LEE'S ACE HARDWARE supplies $73.51 101 45202 220 038991 LESNICK, MARGE Flowers - $24.15 205 45203 531 038992 LOSO, NATHAN Council Mtg, Plan $60.00 101 41950 103 038993 LOSO'S STORE supplies $3.58 101 42120 200 038994 MARCO BUSINESS PRODUCTS office equipment $25,154.82 601 49431 530 038995 MINNESOTA TRAVEL MANAGEMENT Vehicle Lease - $1,009.98 101 42152 414 038995 MINNESOTA TRAVEL MANAGEMENT Vehicle Lease - $903.96 101 42152 414 038995 MINNESOTA TRAVEL MANAGEMENT Vehicle Lease - $1,009.98 101 42152 414 038995 MINNESOTA TRAVEL MANAGEMENT Vehicle Lease - $919.15 101 42152 414 038996 MOTOROLA repair pager sn $79.01 105 42250 230 038997 MUNICIPAL DEVELOPMENT CORP eda contract $2,469.17 150 46500 300 038998 OFFICE DEPOT minute book paper $74.99 101 41120 200 038998 OFFICE DEPOT DVD binder $26.74 101 42120 200 038998 OFFICE DEPOT laser pointer $13.90 101 41950 210 038998 OFFICE DEPOT office supplies $121.87 101 41430 200 038999 ONE CALL CONCEPTS, INC notification-May $182.03 602 49490 319 038999 ONE CALL CONCEPTS, INC notification-May $182.02 601 49440 319 039000 QWEST-TELEPHONE telephone service- $80.59 101 45201 321 039000 QWEST-TELEPHONE telephone service- $80.59 101 41946 321 039000 QWEST-TELEPHONE telephone service- $80.59 105 42250 321 039000 QWEST-TELEPHONE telephone service- $26.59 150 46500 321 039000 QWEST-TELEPHONE telephone service- $80.59 602 49490 321 039000 QWEST-TELEPHONE telephone service- $80.59 602 49471 321 039000 QWEST-TELEPHONE telephone service- $50.58 601 49421 321 039000 QWEST-TELEPHONE telephone service- $264.61 101 42151 321 039000 QWEST-TELEPHONE telephone service- $134.54 101 41430 321 039000 QWEST-TELEPHONE telephone service- $50.57 601 49440 321 039000 QWEST-TELEPHONE telephone service- $80.59 602 49472 321 039000 QWEST-TELEPHONE telephone service- $80.59 602 49473 321 039000 QWEST-TELEPHONE telephone service- $80.59 602 49470 321 039000 QWEST-TELEPHONE telephone service- $80.59 101 41941 321 039000 QWEST-TELEPHONE telephone service- $80.59 601 49440 321 039001 RAJKOWSKI HANSMEIER L TD Jade Road $130.50 101 41610 304 039001 RAJKOWSKI HANSMEIER L TD Crimanial matters $3,500.00 101 42120 304 039001 RAJKOWSKI HANSMEIER L TO Council $1,944.67 101 41610 304 039001 RAJKOWSKI HANSMEIER L TD Arcon Dev $346.00 101 41610 304 039001 RAJKOWSKI HANS MEIER L TD Millstream Shops $382.00 101 41610 304 039001 RAJKOWSKI HANSMEIER L TD Ordinances $50.00 101 41130 304 039001 RAJKOWSKI HANSMEIER L TO American $104.50 101 41610 304 039001 RAJKOWSKI HANSMEIER L TO Underground $12.50 101 41610 304 039001 RAJKOWSKI HANSMEIER L TO Massman $11.50 101 41610 304 039001 RAJKOWSKI HANSMEIER L TD St. Bens water $80.50 101 41610 304 039001 RAJKOWSKI HANSMEIER L TD Charter $23.00 101 41610 304 039001 RAJKOWSKI HANSMEIER L TD Verizon $23.00 101 41610 304 039001 RAJKOWSKI HANSMEIER L TD 2007 Mill overlay $250.00 441 43121 530 039001 RAJKOWSKI HANSMEIER L TD Signal $50.00 438 43165 530 039001 RAJKOWSKI HANSMEIER L TD Police matters $115.00 101 42120 304 039001 RAJKOWSKI HANSMEIER L TD Meadowvale $512.50 425 43122 530 039002 SCHWEGEL COMMUNICATIONS INC phone system $1,840.04 601 49431 530 039003 SEH Addressing $462.00 101 43131 303 039003 SEH Scherer/12th Ave $2,867.48 101 43131 303 039003 SEH CR 121 $1,919.12 425 43122 530 039003 SEH 2007 Street $3,360.01 441 43121 530 039003 SEH Southwest Beltway $130.50 101 43131 303 039003 SEH Misc Services $82.40 101 43131 303 039003 SEH American Manuf $154.79 101 43131 303 039003 SEH COG-Downtown $109.00 101 43131 303 039003 SEH Traffic & Streets $220.91 101 43131 303 DRAFT May 3, 2007 Page 1 of 5 Pursuant to due call and notice thereof, the City Council for the City of St. Joseph met in regular session on Thursday, May 3,2007 at 7:00 PM in the St. Joseph City Hall. Members Present: Mayor Richard Carlbom, Councilors AI Rassier, Dale Wick, Steve Frank, Renee Symanietz, City Administrator Judy Weyrens City Representatives Present: City Engineer Tracy Ekola Others Present: Jim Graeve, Paula Revere, Jim Degiovanni, Mike McDonald, Nick Skarich Approve Aoenda: Symanietz made a motion to approve the agenda with the following additions: Add 11 b Interviews for Finance Director Add 11c Springsted Study for Fire Department The motion was seconded by Rasssier and passed unanimously. Consent Aqenda: Rassier made a motion to approve the consent agenda as follows: a. Minutes: Approve the minutes of April 5 and 19,2007. b. Bills Payable: Approve check numbers 038750-038805. c. Change Order: Approve Change Order #4 for the Centennial park Project increasing the project costs by $1,235.00. d. Application for Payment: Approve Final Pay Application #8 for the 2005 Cloverdale Improvement Project and authorize payment to Larson Excavating Contractors in the amount of $21,964.89. e. Application for Payment: Approve Pay Application #14 for the Water Treatment Facility and authorize payment to John 1. Jones in the amount of $111 ,873.88. f. District 742 - Development Agreement, Final Plat - Authorize execution of the Developers Agreement between the City of St. Joseph and District 742 and authorize the Mayor and Administrator to execute the Final Plat entitled Rivers Bend. The motion was seconded by Wick. Discussion: Wick and Frank noted minor changes to the Minutes of Apri/19. Frank questioned the bill for Craguns in the amount of $32. Weyrens stated that it was a charge in addition to a fee already paid. The motion passed unanimously. Public Comments to the Aoenda: Jim Graeve, 619 Minnesota Street E, approached the Councilors to express his concerns relating to the Planning Commission approval of the Collegeville Development Project. He believes strongly in the proposed project; however, he is concerned about the amount of green space. He would like to see the plan approved as presented with the green space shown on their site plans as presented. Sr. Paula Revere, 104 Chapel Lane, also spoke in favor of the Collegeville Development Project. She stated that she has visited other communities of theirs in other cities and is impressed with the beauty and aesthetics of the buildings. Establishment of Development District NO.2 and establishment of TIF District 2-1: Weyrens stated that the purpose of the hearing is to consider the establishment of Development District NO.2 and the adoption of the Development Program for Development District NO.2 and the proposed establishment of TIF District 2-1. She stated that once the development district is approved, property owners within the development district can apply to utilize TIF. The creating of the district does automatically grant approval for the use of TIF, rather, a property owner is allowed to make application for assistance and if the project meets the criteria the plan would be forwarded to the City Council for consideration. DRAFT May 3, 2007 Page 2 of 5 Jim Pegiovanni approached the Councilors on behalf of Collegeville Development Group (CDG). He stated that CDG has been working with the City staff, Council and EDA for the past year preparing the development documents. If final approval is granted at this meeting, ground breaking could occur as early as the 3rd week of May. Based on the TIF Agreement, the first phase of the project must be completed no later than the end of October and the second phase must be completed within two years. Nick Skarich of Northland Securities approached the Council to present the proposed TIF plan and district documents. TIF District. According to Skarich, there are three components of the document. 1. Development Program - Looks at the entire district with vague geographic boundaries. 2. TIF Plan - This is specific to a certain geographic boundary. 3. Exhibits to Plan - Talks about new valuations. Frank questioned Section 4.24 which relates to Assessment Agreements. Skarich explained that the City does not intend to enter into such agreement, rather the developer will be responsible for their assessments and they will pay them annually. At this time Mayor Carlbom opened the public hearing. Jim Degiovanni approached the councilors again. He stated that there had been some discussion as to whether or not this is a project where TIF should be utilized. Degiovannie stated that in his opinion TIF is best used for redevelopment and that is what the Millstream Project is considered. Mike McDonald, 213 13th Avenue SE, questioned the Councilors as to exactly how much money this will cost the taxpayers and what criteria is used to determine whether or not TIF is appropriate. Skarich responded to McDonald by explaining the current tax revenue, proposed revenue after development and the amount that will be recaptured by the developer. Weyrens stated that the City only utilizes pay-as-you TIF, which is no risk to the City. The developer is only paid if the City receives the tax payment. Skarich added that when using TIF, there are specific items, which TIF can be used for. The funds cannot be used for actual building construction costs; rather they can only be used for costs associated with preparing a specific property for development. Carlbom questioned Skarich as to the length of the TIF Agreement. Skarich stated that by Statute redevelopment TIF cannot extend over 26 years. In the case of Collegeville Development Group it will be significantly less than the maximum. Symanietz made a motion to close the Public Hearing. The motion was seconded by Wick and passed unanimously. Symanietz made a motion to adopt Resolution 2007-018 Establishing Development District No.2 and approving the development program thereof and establishing TIF District No. 2-1 and approving the TIF Plan therefore within Development District No.2. The motion was seconded by Frank. Discussion: Wick clarified that a development agreement will be approved prior to breaking ground. Weyrens responded that the City has received the draft agreement and before a building permit is issued all agreements must be executed and recorded. Frank questioned whether TIF is generally used for housing projects. Skarich replied that it can only be used for housing in a redevelopment district. The motion passed unanimously. Alley Vacation Request: Mayor Carlbom opened the public hearing and stated that the purpose of the hearing is to consider the proposed vacation of the North/South Alley between Lots 12 and 13, Block 10, Townsite of St. Joseph. She added that this alley vacation was previously considered; however the process was never completed. The site plan for the Millstream Shops and Lofts has already been approved by the Planning Commission. In order for the project to be completed, this alley must be DRAFT May 3, 2007 Page 3 of 5 vacated. Weyrens clarified that in vacating an alley the Council must determine that there is no public benefit to the right-of-way. In the case before the Council the right-of-way does not include any utilities and is not a necessary roadway. The City would be better served by the development as there is a great public benefit to the development. Frank questioned whether any private property owners would be affected by the alley vacation. Weyrens stated that no private property owners would be affected. Rassier made a motion to adopt Resolution 2007-019 vacating the north/south alley south of the east/west alley between Minnesota Street E and Ash Street E. The motion was seconded by Symanietz. The motion passed unanimously. Millstream Shops and Lofts - Preliminary/Final Plat: Weyrens advised the Council that the Planning Commission has previously recommended approval of the Preliminary and Final Plat entitled Millstream. The proposed plat includes a mixture of Commercial and Residential uses. Weyrens presented a brief overview of the project, which included the following details: Lot configuration - combining 8 lots into one; setbacks; parking; 16 residential units with twelve of them one bedroom and four two bedroom; 10 commercial suites with the following mixed uses: 25% restaurant; 25% office/professional and 50% general commercial. The Planning Commission spent considerable time discussing the parking and how to accommodate the required demand. The recommendation of the Planning Commission included reducing the green space to increase parking. Degiovanni approached the Councilors and stated that they need to decide whether they want the green space or the additional parking. Weyrens also stated that another contingency of the Planning Commission is that the North/South alley be improved. City Staff has recommended that the developer agree to waive the rights to the public improvement hearing in the future for the alley improvement. It seemed reasonable improve the alley when the area is converted to business. Currently the area consists of predominately residential and the improvement of the alley could have a negative impact on one of the residents, as the alley is currently not centered on the right-of-way. The improvement would move the alley east and would include the removal of a number of trees and relocation of a power line. Degiovanni approached the Councilors requesting authority to change the configuration of the residential and commercial units. The Council concurred that changes to the approved PUD must be reducing density otherwise the PUD would have to be amended. Degiovanni stated that they have been receiving more requests for two units therefore they may reduce the number one bedroom units. Rassier made a motion to approve the Preliminary and Final Plats entitled Millstream and authorize the Mayor and Administrator to execute a development agreement between the City of St. Joseph and Collegeville Development Group for the development of a mixed use facility. Discussion: Carlbom raised the question to the Councilors as to whether or not they prefer to have the parking or the green space. Rassier stated that since the green space has no use to the City, it would be better to reduce the green space to allow for the additional parking. Wick agreed. Frank, on the other hand, questioned whether parking will be an issue with other people using the available parking. Graeve approached the Councilors stating that he would encourage the Council to increase the green space as a large portion of the facility will be residential. Wick addressed the issue of the alley relocation and questioned whether or not the City can require the improvement. Weyrens stated that if the City improved the alley, the guidelines set forth in Minnesota Statute 429 must be followed. This process includes a public improvement hearing, identifying property benefit and assessing the project. As stated earlier it would be more prudent to complete the alley improvement when the larger portion of the neighborhood converts to commercial. DRAFT May 3, 2007 Page 4 of 5 Wick made a motion to amend the motion to include the north/south alley into the City Capital Improvement Plan. The motion was seconded by Frank and passed unanimously. The motion passed unanimously. The motion as amended was passed unanimously. CITY ENGINEER REPORTS Water Tower Update: Ekola advised the Council that in 2004, a Water Distribution Study was completed and the study indicated that a second water storage facility should be constructed by 2010. In 2006, an evaluation of the current tower was completed and there were some items that are in need of repair. It would be best to wait to make those repairs until the new tower is constructed. In order to have the process complete by 2010, Ekola advised the Council that they should begin the process in 2007. The first step would be to begin the design process. Rassier made a motion authorizing SEH to begin the design process for the new Water Tower to be constructed at the Maintenance Facility. The motion was seconded by Symanietz. Discussion: There were some questions raised as to the budget impacts of the design portion of the project. Weyrens stated that she can provide the Council with detailed costs of the design estimate and that the fees will be covered through water access charges. Rassier withdrew the motion as the Council would like to have cost figures available to them. Water Treatment Plant Update: Ekola advised the Council that the New Water Treatment Plant has been producing water; however, the interior is not yet complete. She added that the substantial completion date was April 30. The plant was ready for its intended use although the interior was not complete. They plan to have the interior completed by May 15 and the exterior completed by June 30. Weyrens advised the Council that the September meeting for the St. Joseph Chamber of Commerce will be held at the new Water Treatment Plant. The Council questioned the status of the watering ban. Weyrens responded that the City of St. Joseph will always have a watering ban which is the odd/even system based on your house number. The City has a watering ban to encourage water conservation. Last year due to the lack of treatment capacity the watering ban was restricted to specific hours, which is not the case for 2007. ] MAYOR REPORTS New School: Carlbom stated that he attended the groundbreaking for the new school. Each class had a representative who was selected to move dirt. Froehlein Fest: Mayor Carlbom stated that the Froehlein Fest will be held on June 15. The purpose of the fest is to celebrate one group or person who has had an impact on the community. This year the HCP has selected to honor the Sisters of the Order of St. Benedict for their commitment to the City of St. Joseph. The Sisters of the Order are also celebrating their sesquicentennial. The HCP has been working with several different groups to organize the community picnic. The event will take place from 11 a.m. to 2 p.m. at the main building at the College of St. Benedict. COUNCIL REPORTS RASSIER Joint Area Planninq Committee: Rassier stated that the Joint Planning Board has recently met to consider the request of Gerald Baggenstoss. The Joint Planning Board is a joint body between the City and Township of St. Joseph which reviews land use matters within the Orderly Annexation Area. DRAFT May 3, 2007 Page 5 of 5 Cable Channel: Rassier encouraged residents who have family members serving overseas to submit a photo for inclusion on the Cable Access channel. Once he receives the photograph he will forward for inclusion. WICK Park Board: Wick reported that a temporary CO was issued for the Centennial Park Project. He also added that they are working on different options for a shelter at Northland Park as well as adding basketball hoops in Millstream. SYMAN I ETZ APO: Symanietz stated that she attended the APO meeting at which they discussed the following: . Public Information meeting for the 2030 Transportation Plan. They discussed the possibility of County Road 1 being a 4-lane roadway near the new bridge. . State Transportation Funding Bill . Gas Tax FRANK Rec Committee: Frank stated that the Rec Committee will meet on Wednesday, May 9. ADMINISTRATOR REPORTS Meterinq System - Request for Bids: Weyrens stated that there are three different items that need to be approved to request for bids. . Software/Laptop . Meters . Installation She stated that they plan to do half of the City in 2007 and half in 2008. Frank made a motion to authorize the Administrator to request bids for the new metering system. The motion was seconded by Symanietz and passed unanimously. Finance Director Interviews: As the City Council is the Hiring Committee for Department Heads, Weyrens asked to set a date for interviews. There were 24 applicants which has been narrowed to five. The Council agreed to schedule the interviews for May 8 starting at 5:30 p.m. Sprinqsted: The Council has hired Springsted to do a study for the Fire Department similar to that done for City Employees. She advised the Council that they will be meeting to present the results and the Council is welcome to attend. Affordable Housinq: Weyrens advised the Council that the Joint Housing Committee has decided to abandon the Joint Powers Agreement as there were some concerns as to how to implement the use of existing homes in the housing stock. Symanietz stated that there is no funding for affordable housing at this time and the new process will allow for more homes to be considered affordable. Adiourn: Symanietz made a motion to adjourn; seconded by Wick and passed unanimously. Judy Weyrens Administrator DRAFT May 17, 2007 Page 1 of 4 Pursuant to due call and notice thereof, the City Council for the City of St. Joseph met in regular session on Thursday, May 17, 2007 at 7:00 PM in the St. Joseph City Hall. Members Present: Mayor Richard Carlbom, Councilors AI Rassier, Dale Wick, Steve Frank, Renee Symanietz, City Administrator Judy Weyrens City Representatives Present: City Engineer Tracy Ekola, Public Works Director Dick Taufen, Police Chief Pete Jansky, City Attorney Tom Jovanovich Others Present: Ken Hiemenz, Eunice Antony OSB, Thomasette Schueller, Mariteme Woida, Irene Reber, Katherine Kraft, Mackenzie Ryan, Linda Hutchinson, Paula Revier, Grace Donovan, Mriam Ardolf, Ellen Wahlstrom, Jon Petters, Margy Hughes Approve Aqenda: Symanietz made a motion to approve the agenda with the following addition: Add 10b Safe & Sober Grant The motion was seconded by Wick and passed unanimously. Consent Aqenda: Symanietz made a motion to approve the consent agenda as follows: a. Bills Payable - Approve check numbers 0388816 - 038886. b. Ordinance Amendment - Authorize the Mayor and Administrator to execute the amendment to Ordinance 52.12 establishing the rear yard setback of an accessory building in a R1 Zoning District. c. Premise Permit - Accept the Premise Permit Application of the St. Joseph Jaycees to conduct lawful gambling at JM Speedstop (27 Birch Street W) and Amoco Liquor (21 Birch Street W). d. Moved to 6c e. Development Agreement - Authorize the Mayor and Administrator to execute a Development Agreement between the City of St. Joseph and American Manufacturing allowing the construction of a 7,600 square foot facility. f. Liquor Licenses - Authorize the Mayor and Administrator to execute the 2007-2008 Intoxicating Liquor Licenses. g. Capital Equipment - Authorize the purchase of a Check Valve and Safety Net ($6,459.00), Gas Monitors ($2,907.45) and Manhole Cover Lift ($1,252.39). h. Development Agreement - Authorize execution of the Development Agreement between the City of St. Joseph and Collegeville Development Group LLC for TIF 2-1. The motion was seconded by Frank. Discussion: Frank questioned whether or not the Jaycees have spent their 10% in the trade area as required by Ordinance. Weyrens advised him that they will submit that information in their annual report in July and that this is simply a state application, so that information is not required to be submitted. The motion passed unanimously. Public Comments to the Aqenda: John Petters, Collegeville Development Group, approached the Councilors to thank them for working with them on their project. He advised them that the groundbreaking will take place on May 24 at 11 a.m. Set Bond Sale, 2007 Bond Issues: Weyrens stated that the Council must set the bond sale for the 2007 Bond Issues. This will include the Jade Road project, Truck Watermain Improvements, Corridor Studies, SW Beltway, Stormwater Costs, Mill & Overlay Project, and 8th Avenue Improvement. The bids for the Jade Road project will be opened next week. She stated that it will be a 1 O-year bond. The notice of sale stated a sale amount of $3,215,000; however that amount may be reduced based on the bid results of the Jade Road project and the Mill and Overlay Project. DRAFl May 17, 2007 Page 2 of4 Rassier made a motion to approve Resolution 2007-027 setting the bond sale for the 2007 Bond Issues for June 21, 2007 providing for the competitive sale of GO Bonds. The motion was seconded by Symanietz and passed unanimously. CITY ENGINEER REPORTS 2007 East Side Improvements - Bid Update: Ekola reported that the bids for the 2007 East Side Improvements were opened. The low bid was submitted by Hardrives at $316,797.61 which was less than the Engineer Estimate of $422,201. Overall, the bids were very competitive. She stated that this was information only at this time as the bid will not be awarded until after the Final Assessment Hearing which is scheduled for May 31,2007. Water Tower Desion Update: According to Ekola, the scope of services for the 750,000 gallon water tower has been in the Capital Improvement Plan since 2004. The following is a breakdown of engineer services for the project: Final Scoping Final Design/Document Preparation Bidding Services Contract Administration Resident Proiect Services TOTAL $3,500 $33,500 $4,800 $14,700 $77,200 $133,700 Wick made a motion to authorize SEH to complete the Final Design for the future 750,000 elevated water storage tank. The motion was seconded by Rassier. Discussion: Ekola advised the Council that Trunk Watermain is already extended to the Maintenance Facility in the Industrial Park. Frank clarified that the necessary repairs to the existing water tower will be delayed until the new tower is up and running. The motion passed unanimously. Comprehensive Plan Update: Weyrens stated that the EDA has requested that the entire Economic Development Chapter of the Comprehensive Plan be re-written to include new statistics and current information. The Planning Commission conducted a public hearing on May 3, 2007 at which the amendment was accepted and recommended for Council approval. According to Frank, this is a large document and he needs more time to review the information as he has some questions. Carlbom advised Frank that there were no major changes made, rather the statistical information available was updated. He stated that this information is very important to new businesses when coming into St. Joseph. Wick added that the amendment has included the revitalization of downtown, which has been a goal of the EDA. Frank made a motion to table adoption of the proposed Comprehensive Plan Amendment, Chapter 11, to the next regular Council meeting. The motion was seconded by Symanietz. Ayes: Frank, Symanietz, Rassier Nays: Wick, Carlbom Motion Carried 3:2:0 MAYOR REPORTS APO: Mayor Carlbom stated that at the recent APO meeting the transportation bill was the major item of discussion. Carlbom reported that the Legislature previously passed a 5cent per gallon tax increase; however, the bill was vetoed by Pawlenty. This is crucial to transportation funding. The last gas tax increase was in the 1980's and Minnesota is way behind other states. Representatives Steve Gottwalt and Dan Severson are critical votes for this item. Symanietz added that if it is not passed, the matter may ;:)0 to a referendum for a vote. LJKAt- I May 17, 2007 Page 3 of4 COUNCIL REPORTS SYMANIETZ Meetinqs: Symanietz reported that she attended the following meetings: . Corridor Advisory Committee - They will begin the Corridor Study. . Stearns County Meeting . Water Advisory Board . Safe Routes to School - She stated that there are $8 million available for this program. WICK EDA: On behalf of the Urban Environs Group, he stated that they have a draft document that they are working on distributing to the public for comment. RASSIER Transportation/Gas Tax: Rassier stated that it is important for all cities to support the gas tax increase. FRANK EDA: Frank stated that he has received many questions from residents on various issues. He stated that he is very impressed with how well the EDA Director has followed up with residents on issues relating to Economic Development. Rec Committee: Frank stated that the Rec Committee met and they are waiting for information from other cities as to what they do for Park and Recreation. According to Frank, there is a growing demand with less money available. ADMINISTRATOR REPORTS Affordable Housinq Update: Weyrens reported that previously the Life Cycle Housing Board has recommended termination of the Joint Powers Agreement. By terminating the agreement, affordable housing efforts are not being abandoned; rather the energies are being re-focused to research alternative Affordable Housing Programs. Weyrens stated that Sauk Rapids has already approved the same resolution. St. Cloud has tabled this item until the other area cities have had a chance to consider the same. Rassier made a motion to approve Resolution 2007-024 terminating the Joint Powers Agreement for Affordable Housing and establishing a Board of Directors to organize and govern a community based affordable housing effort. The motion was seconded by Frank and passed unanimously. Safe & Sober Grant: Weyrens presented the Council with a request from Chief Jansky to participate in the Safe and Sober program for 2007 - 2008. The program provides for additional law enforcement regarding speed, DUI, seatbelt and child restraint. The programs reimburses the City the labor costs and the City is responsible for the Work Comp premium. Stearns County will serve as both the grant and finance administrator for the program. Wick made a motion to adopt Resolution 2007-026 supporting the Safe and Sober Grant and authorizing the Mayor and Administrator to execute the same. The motion was seconded by Rassier and passed unanimously. Senior Farewell: Mayor Carlbom reported that last Friday was Senior Farewell for the College of St. Benedict and St. John's. In previous years, there have been items burning in the street and several arrests. This year; however, the City worked with the Colleges and Sal's bar to create a controlled event for the students. Chief Jansky stated that this was a good collaborative effort and there were very few problems. In fact, there were fewer violations during this event than during a normal weekend. DRAFT May 17, 2007 Page 4 of 4 City Council Membership: On May 8,2007, Mayor Carlbom announced his intent to resign. As a result, the Council must first decide on a process to fill the vacancy in the position of Mayor. Rassier stated that it would be best for the City to promote from within for the position of Mayor and then declare a vacancy for the Council seat. Frank, on the other hand, stated that he would like to see the acting mayor fill the spot until a special election can be held. In his opinion, the public should decide on who would fill the open spot(s). City Attorney Tom Jovanovich advised the Councilors that State Statute states that a vacancy must be filled by a Council member until the next election. That is generally done by appointment. After discussing the process to fill the vacant position, Mayor Carlbom read his resignation as Mayor thanking the residents, staff and Council Members for support during his tenure. Carlbom stated that since Councilmember AI Rassier is the acting Mayor he assumes the role of Mayor until a time a new Mayor is appointed or elected. At this time Carlbom stepped down from his chair. Rassier made a motion to adopt resolution 2007-022 accepting the resignation of Richard Carlbom as Mayor and thereby declaring a vacancy in the office of Mayor. The motion was seconded by Symanietz and passed unanimously. With a vacancy in the office of Mayor, Wick encouraged the Council to appoint a Mayor from within the existing Council. He further stated that in his opinion the voters gave the Councilors the authority to appoint the replacement for Mayor. Symanietz agreed with Wick and stated that she is confident that any member of the Council would be a good replacement for Carlbom. Wick made a motion to nominate AI Rassier as Mayor for the City of St. Joseph. The motion was seconded by Rassier. Ayes: Wick Nays: Symanietz, Frank Abstain: Rassier Motion Fails 1:2:1 Frank made a motion to nominate Renee Symanietz as Mayor for the City of St. Joseph. The motion was seconded by Symanietz. Ayes: Frank Nays: Wick, Rassier Abstain: Symanietz Motion Fails 1 :2:1 Jovanovich stated that the Council must decide on how to fill the vacancy in a reason amount of time. Wick made a motion to table the appointment of Mayor until the next meeting. The motion was seconded by Rassier. Ayes: Wick, Rassier, Symanietz Nays: Frank Abstain: Motion Carries 3:1:0 Adiourn: Wick made a motion to adjourn at 8:20 p.m.; seconded by Symanietz and passed unanimously. Judy Weyrens Administrator >< w c z - en ~ w >- :J m c z o m ..J e:( a.. - U - Z :J :E ..J e:( Z o - l- e:( Z ::R o o L() L() ::R o LO I"- ..q- ::R o LO N ..q- ::R o LO l"- (\") ::R o LO N LO ::R o o o LO ::R o o L() ..q- 'cf2. o o ..q- LOOl/ ~ ~/9 LOOl/L~/S LOOl/ll/v LOOl/Bl/8 LOOl/8/8 LOOl/9/l LOOl/l ~H 900l/B ~/l ~ 900l/8lH ~ 900l/6l/0 ~ 900l/v/O ~ 900l/6/6 900l/S ~/B 900lHl/L 900l/9l/9 900lH/9 900l/L/S 900l/l ~/v 900l/B ~/8 900l/ ~ l/l 900l/ LlH 900l/l/ ~ SOOl/B/l ~ SOOl/8 ~H ~ SOOl/6 ~/O ~ SOOl/vl/6 SOOl/08/B SOOl/S/B SOOlH ~/ L SOOl/9 ~/9 ::R o o L() (\") NORTHLAND'SECURITIES TABULATION OF BIDS CITY OF ST. JOSEPH, MINNESOTA $2,875,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2007 A AWARD: WELLS FARGO BROKERAGE SERVICES, LLC. DA TE OF SALE: THURSDAY, JUNE 21, 2007 INSURANCE: MOODY'S INSURED RATING: MOODY'S UNDERLYING RATING: CIFG Aaa Baal BIDDER WELLS FARGO BROKERAGE SERVICES, LLC. Minneapolis, MN TRUE PURCHASE NET INTEREST PRICE INTEREST COST COST (TIC) $2,868,973.90 $465,459.90 4.079192% $2,865,772.50 $478,032.29 4.137230% UNITED BANKERS BANK Bloomington, MN FIRST STATE BANK OF ST. JOSEPH St. Joseph, MN PIPER JAFFRA Y INC., Kansas City, MO $2,858,423.60 $462,916.67 4.161301% D.A. DAVIDSON & CO. Minnetonka, MN $2,862,291.45 $484,091.26 4.193200% UBS SECURITIES, LLC Dallas, TX $2,854,098.75 $462,916.67 4.203413% RBC CAPITAL MARKETS Minneapolis, MN $2,864,796.75 $478,145.31 4.230767% Main Office 45 South 7th Street, Suite 2500, Minneapolis, Minnesota 55402 Main Office Toll Free 1-800-851-2920 Iowa Office 1309 South Main Avenue, Sioux Center, Iowa 51250 Toll Free 1-888-794-2370 Direct 712 722-2370 Fax 712 722-2376 South Dakota Office 215 West Sioux Avenue, Pierre, South Dakota 57501 Toll Free 1-877-224-5557 Direct 605-224-5557 Fax 605-224-9554 '.Nww.northlandsecurities.com Member NASD and SIPC 429 07 CITY OF ST. JOSEPH, MINNESOTA GENERAL OBLIGATION IMPROVEMENT BONDS OF 2007, SERIES A ::;;:::::;::: ....::::::j~~~~~~~Iri~~t$~/ . ~. ~ R~Y~~U~. $d.Ut.~~!;W ~. . . . . . : .. .. .. ........... . ........... . /:"C~Kf~wH: .. Final Total Statutory Storm Special Annual (12-1) Interest Debt 5.00% Cap. Water Assessment Tax Surplus/ Cumulative Year PrinciDal Rate Interest Payment Coveraae Interest Revenues Income Levv Deficit Balance 2007 o 0.000% 48,029 48,029 48,029 12,797 0 502,616 0 467,384 467,384 2008 505,000 4.000% 115,269 620,269 651,282 34,075 498,747 15,000 -103,460 363,924 2009 505,000 4.000% 95,069 600,069 630,072 34,075 476,508 36,000 -83,489 280,435 2010 510,000 4.000% 74,869 584,869 614,112 34,075 454,270 38,000 -87,767 192,667 2011 510,000 4.000% 54,469 564,469 592,692 34,075 432,031 40,000 -86,586 106,081 2012 500,000 4.000% 34,069 534,069 560,772 34,075 484,211 42,000 -487 105,595 2013 65,000 4.000% 14,069 79,069 83,022 0 53,940 20,000 -9,082 96,512 2014 65,000 4.000% 11 ,469 76,469 80,292 0 51,450 21,000 -7,842 88,671 2015 65,000 4.125% 8,869 73,869 77,562 0 48,961 22,000 -6,601 82,069 2016 75,000 4.125% 6,188 81,188 85,247 0 46,471 23,000 -15,776 66,293 2017 75,000 4.125% 3,094 78,094 81,998 0 43,982 24,000 -14,017 52,277 2018 o 0.000% 0 0 0 0 0 0 0 0 2,875,000 465,460 3,340,460 3,505,081 12,797 170,375 3,093,186 281,000 52,277 .Ap.pW~~tIP~ :i)f :P~~ti$: ::~ ........ . ........ . ........ . ........ . : ~@! ~ lmp.rp~m~H~. p,dMit ):e~ti.m~t~~: tA)~~: ~:.~ ~ ~ ~ ...................... . . . . . . . . . . . .......... . ............ . . . . . . . . . . . . 2007 Improvement Project (A) Less: City Cash Contribution Total Hard Costs Add: Issuance Expenses Underwriter's Discount @0.343% Unused urw Discount/Ins. Premium Capitalized Interest Financial Advisory Fee Est. Bond Counsel Est. County Auditor FeeIO.S. Printing Est. Credit Rating Fee Registration (One-Time Fee) Total Less: Investment Income 2,791,328 o 2,791,328 Jade Road Improvements Trunk Utilities (Sewer & Water) CR 121 Turn Lanes at Jade Rd CR 121 Turn Lanes at Iverson St CR 121 Trail & Lighting SW Beltway Corridor Study North Transportation Corridor Stormwater Costs - Hollow Park East Side Improvements 8th Avenue Improvements 6,026 29,723 12,797 26,500 5,500 850 6,500 5,020 2,884,244 -9,040 Total Improvement Costs: Rounded For Issuance 112,875,00011 :i3Pn~ :i~,~tin~tiP,#.: ~:::n:.:: ~. ~ . .. .- .... . . . . . . . . . Bonds Dated: Bonds Mature: Interest Payments: Call Option: Registrar/Pay Agent: Purchase Price: Average Coupon: Net Effective Rate: Bond Sale Date: Bond Closing Date: Bond Counsel: 7/1/2007 12/1/08 Through 12/1/17 12/1/07 & Semiannually Each 6/1 & 12/1 Thereafter. Callable 12/1/14 @ Par Plus Accured Interest. Northland Trust Services $2,868,974 4.0220% 4.0741% June 21, 2007. July 25,2007. Briggs & Morgan, PA Monte Eastvold, V.P., Northland Securities, Inc. Dated: 6/21/2007 1,949,715 20,625 59,000 159,681 405,477 196,830 2,791,328 429 07 CITY OF ST. JOSEPH, MINNESOTA GENERAL OBLIGATION IMPROVEMENT BONDS OF 2007, SERIES A Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Assessment Princi al o 329,149.40 329,149.40 329,149.40 329,149.40 329,149.40 0.00 0.00 0.00 0.00 0.00 0.00 1,645,747.00 . .. ..' .. .. .:<ts():14~:~:o.e'e:rre~: ::::::::::: :Assessment::::::::: Estimated Interest 6.00% Assessment Income 46,083 427,894 408,145 388,396 368,647 348,898 o o o o o o Assessment Princi al 416,088.25 0.00 0.00 0.00 0.00 74,417.92 0.00 0.00 0.00 0.00 0.00 0.00 342,318 1,988,065 490,506.17 o 4,465 4,465 4,465 4,465 4,465 o o o o o o 22,325 Assessment Income 416,088 4,465 4,465 4,465 4,465 78,883 o o o o o o 512,832 . . :::::: ~tj;j :Avenue:::: ::::::::::::::: East :Side:::: ::: .. . ... . . . .. . .. . . . :: :~~~~itien.~ .. . .. . . . . . . . . . : >As~~~ni$~t :: ...... . ......... ... . . . . . . . . . .... -,.... ........ . ......... . .... . . . . . . . . . . . . . . . . . . . . . . . Estimated Estimated Assessment Interest Assessment Assessment Interest Assessment Year Princi al 6.00% Income Princi al 6.00% Income 2007 0 39,228 39,228 0.00 1,216 1,216 2008 17,163.50 10,298 27,462 24,328.64 14,597 38,926 2009 17,163.50 9,268 26,432 24,328.64 13,137 37,466 2010 17,163.50 8,238 25,402 24,328.64 11,678 36,006 2011 17,163.50 7,209 24,372 24,328.64 10,218 34,547 2012 17,163.50 6,179 23,342 24,328.64 8,758 33,087 2013 17,163.50 5,149 22,313 24,328.64 7,299 31,627 2014 17,163.50 4,119 21 ,283 24,328.64 5,839 30,168 2015 17,163.50 3,089 20,253 24,328.64 4,379 28,708 2016 17,163.50 2,060 19,223 24,328.64 2,919 27,248 2017 17,163.50 1,030 18,193 24,328.64 1 ,460 25,788 2018 0.00 0 0 0.00 0 0 :::::.::: :;ja(f6 :Rili!lCl::::::.: ::::: :AssessmentS:::: Estimated Interest 6.00% 46,083 98,745 78,996 59,247 39,498 19,749 o o o o o o 171,635.00 A$~$~Mil~~~H:H::.... 95,868 267,503 243,286.40 ......... . . . . . . . . . . . . - . . . . . . . . ......... . ........ ... ........,' . "... ...... ... ...... Est. Amount of Assessments: Percentage of Issue Assessed: Interest Rate on Assessments: First Installment Collection: Number of Annual Installments: Start Date of Assessments: $2,552,975 88.74% 6.00% 2008 5 & 10 11/30/2007 81,501 324,787 Monte Eastvold, V.P., Northland Securities, Inc. Dated: 6/21/2007 429 07 CITY OF ST. JOSEPH, MINNESOTA GENERAL OBLIGATION IMPROVEMENT BONDS OF 2007, SERIES A . . .. .. . . :::::::::::::: Tax :ImoactAiiidvsis::::: .. . .. . . . . . .. .' .. ,-... ..' .. ... . . . .. . ..... . ... . . . ... . .. . Annual Tax Residential Market Value Est. Tax Capacity Capacity $100,000 $150,000 $200,000 Tax Value Incr. Rate Net Tax Capacity Year Levv 5.00% Increase $1,000 $1,500 $2,000 2007 0 2,198,826 2008 15,000 2,308,767 0.65% 0.00 9.75 12.99 2009 36,000 2,424,206 1.49% 14.85 22.28 29.70 2010 38,000 2,545,416 1.49% 14.93 22.39 29.86 2011 40,000 2,672,687 1.50% 14.97 22.45 29.93 2012 42,000 2,806,321 1.50% 14.97 22.45 29.93 2013 20,000 2,946,637 0.68% 6.79 10.18 13.57 2014 21 ,000 3,093,969 0.68% 6.79 10.18 13.57 2015 22,000 3,248,667 0.68% 6.77 10.16 13.54 2016 23,000 3,411,101 0.67% 6.74 10.11 13.49 2017 24,000 3,581,656 0.67% 6.70 10.05 13.40 2018 0 3,760,739 0.00% 0.00 0.00 0.00 281,000 Average Annuallncr: $10.39 $15.58 $20.78 Average Monthly Incr: $0.87 $1.30 $1.73 Monte Eastvold, V.P., Northland Securities, Inc. Dated: 6/21/2007 ~ EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL OF THE CITY OF ST. JOSEPH, MINNESOTA HELD: June 21,2007 Pursuant to due call, a regular or special meeting of the City Council of the City of St. Joseph, Stearns County, Minnesota, was duly held at the City Hall on June 21,2007, at 7:00 P.M, for the purpose, in part, of considering proposals and awarding the sale of $2,875,000 General Obligation Improvement Bonds, Series 2007 A. The following members were present: and the following were absent: introduced the following resolution and moved its adoption: Member RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $2,875,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2007A AND PLEDGING FOR THE SECURITY THEREOF SPECIAL ASSESSMENTS AND NET REVENUES AND LEVYING A TAX FOR THE PAYMENT THEREOF A. WHEREAS, the City of St. Joseph, Minnesota (the "City") owns and operates a municipal storm sewer system (the "System") as a separate revenue-producing public utility and there are outstanding (i) $1,615,000 original principal amount of General Obligation Bonds of 2003, dated August 1, 2003, of which the principal and interest ofthe "System Portion" constitutes a prior lien upon the net revenues of the System and (ii) $2,375,000 General Obligation Improvement Bonds, Series 2006C, dated June 1,2006, to which the City has pledged annually $34,075 in revenues ofthe System to the payment thereof (the "Outstanding Bonds"); and B. WHEREAS, the City Council has heretofore determined and declared that it is necessary and expedient to issue $2,875,000 General Obligation Improvement Bonds, Series 2007 A (the "Bonds" or individually, a "Bond"), pursuant to Minnesota Statutes, Chapters 475 and 429 to finance various improvement projects within the City (the "Improvements"); and C. WHEREAS, the Improvements and all the components have been ordered prior to the date hereof, after a public hearing thereon for which notice was given describing the Improvements, or all the components by general nature, estimated cost, and area to be assessed; and D. WHEREAS, the City has retained Northland Securities, Inc., in Minneapolis, Minnesota ("Northland"), as its independent fmancial advisor for the sale of the Bonds and was therefore authorized to sell the Bonds by private negotiation in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9) and proposals to purchase the Bonds have been solicited by Northland; and 2036592vl NORTHLAND. SECURITIES TABULATION OF BIDS CITY OF ST. JOSEPH, MINNESOTA $2,875,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2007A AWARD: WELLS FARGO BROKERAGE SERVICES, LLC. DA TE OF SALE: THURSDAY, JUNE 21, 2007 INSURANCE: MOODY'S INSU:RED RATING: MOODY'S UNDERLYING RATIW.Q: ,,;.\,;?:r,,-~": CIFG Aaa Baal , "h PlJRCHASE ; PRICE $2,8~8,Y1:rg(j'" c' ..... NET INTEREST COST '" $465,459.90 TRUE INTEREST COST (TIC) 4.079192% BIDDER WELLS FARGO BROKERAGE SERVICES, LLC. Minneapolis, MN ~~,-; PIPER JAFFRA Y INC., Kansas City, MO $478,032.29 4.137230% UNITED BANKERS BANK Bloomington, MN FIRST STATE BANK OF ST. JOSEPH St. Joseph, MN UBS SECURITIES, LLC Dallas, TX 462,916.67 4.161301% $2,862,291.45 $484,091.26 4.193200% $2,854,098.75 $462,916.67 4.203413% $2,864,796.75 $478,145.31 4.230767% D.A. DAVIDSON & CO. Minnetonka, MN RBC CAPITAL MARKETS Minneapolis, MN Main Office 45 South 7th Street, Suite 2500, Minneapolis, Minnesota 55402 Main Office Toll Free 1-800-851-2920 Iowa Office 1309 South Main Avenue, Sioux Center, Iowa 51250 Toll Free 1-888-794-2370 Direct 712722-2370 Fax 712722-2376 South Dakota Office 215 West Sioux Avenue, Pierre, South Dakota 57501 Toll Free 1-877-224-5557 Direct 605-224-5557 Fax 605-224-9554 www.northlandsecurities.com Member NASD and SIPC LOOZI ~ ~/9 LOOZ/ L ~/9 LOOZ!GZ/v LOOZ/8Z/8 >< LOOZ/8/8 W LOOZ/9/G C LOOZ/G ~H Z 900G/8 ~/G ~ - CJ) 900G/8Z/ ~ ~ . ~ 900Z/6Z/0 ~ W 900Z/v/0 ~ >- ::J 900Z/6/6 m 900Z/9 ~/8 C 900GHG/L Z 900Z/9G/9 0 m 900ZH/9 -I 900G/ LI9 <C 900G/G ~/v a. 900Z/8 ~/8 - () 900ZH Z/G - Z 900G/ LZ/ ~ ::J 900Z/GH :E ..J 900G/8/G ~ <C 900(,/8 ~/ ~ ~ Z 900Z/6 ~/O ~ 0 900(,/vZ/6 - I- 900G/08/8 <C 900(,/9/8 Z 900(,/ ~ ~/ L 900(,/9 ~/9 ~ ~ ~ :::R :::R :::R :::R :::R :::R 0 0 0 0 0 0 0 0 0 0 L!) 0 L!) 0 L!) 0 L!) 0 L!) N 0 r-- L!) N 0 r-- L!) L!) L!) L!) "'" "'" "'" "'" C'0 C'0 429 07 CITY OF ST. JOSEPH, MINNESOTA GENERAL OBLIGATION IMPROVEMENT BONDS OF 2007, SERIES A .:::::::::::::::: <::: ::::::::: : jade :Roatf:::::::::::::::::::::::::::::: ::::::::::::: :::::::::: ISO: :t42: 8( :i)ide.rred::: : .:::::: ::::::::::: ::::: :::::: :A~$~~$rtl~iWi::::::::::::: ::::::::::::::::: ::: ::::::::::::::::: ::::::::::: :A~$~~$rtl~irt:::::::::: : .. Estimated Estimated Assessment Interest Assessment Assessment Interest Assessment Year Prine; al 6.00% Income Prine; al 6.00% Income 2007 0 46,083 46,083 416,088.25 0 416,088 2008 329,149.40 98,745 427,894 0.00 4,465 4,465 2009 329,149.40 78,996 408,145 0.00 4,465 4,465 2010 329,149.40 59,247 388,396 0.00 4,465 4,465 2011 329,149.40 39,498 368,647 0.00 4,465 4,465 2012 329,149.40 19,749 348,898 74,417.92 4,465 78,883 2013 0.00 0 0 0.00 0 0 2014 0.00 0 0 0.00 0 0 2015 0.00 0 0 0.00 0 0 2016 0.00 0 0 0.00 0 0 2017 0.00 0 0 0.00 0 0 2018 0.00 0 0 0.00 0 0 1,645,747.00 342,318 1,988,065 490,506.17 22,325 512,832 Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 . .. ::::::::<::::::::::::8tf.i:Avenue:::::::::::::::::::::::<::::: .:::::::::::::.:::::::::::::::~~~~~~~~:::::: :::::::::::::::::::::: Estimated Interest 6.00% 39,228 10,298 9,268 8,238 7,209 6,179 5,149 4,119 3,089 2,060 1,030 o Assessment Princi al o 17,163.50 17,163.50 17,163.50 17,163.50 17,163.50 17,163.50 17,163.50 17,163.50 17,163.50 17,163.50 0.00 171,635.00 A$$~$Sffi~j"~~H:U .. 95,868 Assessment Income 39,228 27,462 26,432 25,402 24,372 23,342 22,313 21,283 20,253 19,223 18,193 o .: : . :.:::::<::::::::::::EasfSide::: ::: :::::::::::::: :::::::::::>:>>>~~s~~~~( ::: .. :::::::::::::::: Estimated Interest 6.00% 1,216 14,597 13,137 11,678 10,218 8,758 7,299 5,839 4,379 2,919 1 ,460 o Assessment Princi al 0.00 24,328.64 24,328.64 24,328.64 24,328.64 24,328.64 24,328.64 24,328.64 24,328.64 24,328.64 24,328.64 0.00 267,503 243,286.40 Est. Amount of Assessments: Percentage of Issue Assessed: Interest Rate on Assessments: First Installment Collection: Number of Annual Installments: Start Date of Assessments: $2,552,975 88.74% 6.00% 2008 5 & 10 11/30/2007 81,501 Assessment Income 1,216 38,926 37,466 36,006 34,547 33,087 31,627 30, 168 28,708 27,248 25,788 o 324,787 Monte Eastvold, V.P., Northland Securities, Inc. Dated: 6/21/2007 429 07 CITY OF ST. JOSEPH, MINNESOTA GENERAL OBLIGATION IMPROVEMENT BONDS OF 2007, SERIES A . . :::::: ::HH::a~ijlf~ym.titAt$::::::: ::::::::::::. :::: ; ; n:::::: :'::R~ij~~:$c>i.lf#es:::::} "....... . :n .T):::}:c~tn~;t9w;H{} .. . '. ....-... . .. . ... . .... .. . . ; .' .. ....,.... . . . . . . . . . . Final Total Statutory Storm Special Annual (12-1) Interest Debt 5.000A, Cap. Water Assessment Tax Surplus! Cumulative ear PrinciDal Rate Interest Payment Coverage Interest Revenues Income Levy Deficit Balance )07 0 0.000% 48,029 48,029 48,029 12,797 0 502,616 0 467,384 467,384 )08 505,000 4.000% 115,269 620,269 651,282 34,075 498,747 15,000 -103,460 363,924 )09 505,000 4.000% 95,069 600,069 630,072 34,075 476,508 36,000 -83,489 280,435 )10 510,000 4.000% 74,869 584,869 614,112 34,075 454,270 38,000 -87,767 192,667 )11 510,000 4.000% 54,469 564,469 592,692 34,075 432,031 40,000 -86,586 106,081 )12 500,000 4.000% 34,069 534,069 560,772 34,075 484,211 42,000 -487 105,595 )13 65,000 4.000% 14,069 79,069 83,022 0 53,940 20,000 -9,082 96,512 )14 65,000 4.000% 11 ,469 76,469 80,292 0 51 ,450 21 ,000 -7,842 88,671 )15 65,000 4.125% 8,869 73,869 77,562 0 48,961 22,000 -6,601 82,069 )16 75,000 4.125% 6,188 81,188 85,247 0 46,471 23,000 -15,776 66,293 )17 75,000 4.125% 3,094 78,094 81,998 0 43,982 24,000 -14,017 52,277 )18 0 0.000% 0 0 0 0 0 0 0 0 2,875,000 465,460 3,340,460 3,505,081 12,797 170,375 3,093,186 281,000 52,277 :APf;icationot:Fun(f$: :::: . .. ............. . ........... . . . . . . . . . . . . 2007 Improvement Project (A) Less: City Cash Contribution Total Hard Costs Add: Issuance Expenses Underwriter's Discount @0.343% Unused U/W Discount/Ins. Premium Capitalized Interest Financial Advisory Fee Est. Bond Counsel Est. County Auditor Fee/O.S. Printing Est. Credit Rating Fee Registration (One-Time Fee) Total Less: Investment Income Rounded For Issuance :~:i~form~~U::::::::::: Bonds Dated: Bonds Mature: Interest Payments: Call Option: Registrar/Pay Agent: Purchase Price: Average Coupon: Net Effective Rate: Bond Sale Date: Bond Closing Date: Bond Counsel: :~(ij)i :lmpd)W!m~Ht:p.ro~bt:4:E$tim~~t:tAf: :::::!: 2,791,328 o 2,791,328 Jade Road Improvements Trunk Utilities (Sewer & Water) CR 121 Tum Lanes at Jade Rd CR 121 Tum Lanes at Iverson St CR 121 Trail & Lighting SW Beltway Corridor Study North Transportation Corridor Stormwater Costs - Hollow Park East Side Improvements 8th Avenue Improvements 1,949,715 6,026 29,723 12,797 26,500 5,500 850 6,500 5,020 2,884,244 -9,040 20,625 59,000 159,681 405,477 196,830 Total Improvement Costs: 2,791,328 112,875,00011 .. .. ... .... ... .... .. 7/1/2007 12/1/08 Through 12/1/17 12/1/07 & Semiannually Each 6/1 & 12/1 Thereafter. . f I 6',. r 7 ..... \C;;,....~2/1/14 @ Par Plus Accured In~) f'\JJ r (' ~( ~!\-"\ If r\.N . v11ttt.J':) Northland Trust Services --- { $2,868,974 4.0220% 4.0741% June 21, 2007. July 25, 2007. Briggs & Morgan, PA Monte Eastvold, V.P., Northland Securities, Inc. Dated: 6/21/2007 429 07 CITY OF ST. JOSEPH, MINNESOTA GENERAL OBLIGATION IMPROVEMENT BONDS OF 2007, SERIES A ....... ,.. ......... . ........ -,......... ....................,..,..... ,.. ..... ........ " ", ,,<::::::::::::::::::::::::::::::::::::::::::::::::::::::::::TaX::Imoact:Analvsis:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: " :':':': ' Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Est. Tax Levv o 15,000 36,000 38,000 40,000 42,000 20,000 21,000 22,000 23,000 24,000 o Annual Tax Capacity Value Incr. 5.00% 2,198,826 2,308,767 2,424,206 2,545,416 2,672,687 2,806,321 2,946,637 3,093,969 3,248,667 3,411,101 3,581,656 3,760,739 Tax Capacity Rate Increase 0.65% 1.49% 1.49% 1.50% 1.50% 0.68% 0.68% 0.68% 0.67% 0.67% 0.00% 281,000 Average Annuallncr: Average Monthly Incr: Residential Market Value $100,000 $150,000 $200,000 Net Tax Capacity $1,000 $1,500 $2,000 0.00 14.85 14.93 14.97 14.97 6.79 6.79 6.77 6.74 6.70 0.00 $10.39 $0.87 9.75 22.28 22.39 22.45 22.45 10.18 10.18 10.16 10.11 10.05 0.00 $15.58 $1.30 12.99 29.70 29.86 29.93 29.93 13.57 13.57 13.54 13.49 13.40 0.00 $20.78 $1.73 Monte Eastvold. V.P.. Northland Securities, Inc. Dated: 6/21/2007 EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL OF THE CITY OF ST. JOSEPH, MINNESOTA HELD: June 21, 2007 Pursuant to due call, a regular or special meeting of the City Council of the City of St. Joseph, Stearns County, Minneso~ was duly held at the City Hall on June 21,2007, at 7:00 P.M, for the purpose, in part, of considering proposals and awarding the sale of $2,875,000 General Obligation Improvement Bonds, Series 2007 A. The following members were present: and the following were absent: Member introduced the following resolution and moved its adoption: RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $2,875,000 GENERAL OBLIGA nON IMPROVEMENT BONDS, SERIES 2007 A AND PLEDGING FOR THE SECURITY THEREOF SPECIAL ASSESSMENTS AND NET REVENUES AND LEVYING A TAX FOR THE PAYMENT THEREOF A. WHEREAS, the City of St. Joseph, Minnesota (the "City") owns and operates a municipal storm sewer system (the "System") as a separate revenue-producing public utility and there are outstanding (i) $1,615,000 original principal amount of General Obligation Bonds of 2003, dated August 1, 2003, of which the principal and interest of the "System Portion" constitutes a prior lien upon the net revenues of the System and (ii) $2,375,000 General Obligation Improvement Bonds, Series 2006C, dated June 1, 2006, to which the City has pledged annually $34,075 in revenues of the System to the payment thereof (the "Outstanding Bonds"); and B. WHEREAS, the City Council has heretofore determined and declared that it is necessary and expedient to issue $2,875,000 General Obligation Improvement Bonds, Series 2007 A (the "Bonds" or individually, a "Bond"), pursuant to Minnesota Statutes, Chapters 475 and 429 to finance various improvement projects within the City (the "Improvements"); and C. WHEREAS, the Improvements and all the components have been ordered prior to the date hereof, after a public hearing thereon for which notice was given describing the Improvements, or all the components by general nature, estimated cost, and area to be assessed; and D. WHEREAS, the City has retained Northland Securities, Inc., in Minneapolis, Minnesota ("Northland"), as its independent financial advisor for the sale of the Bonds and was therefore authorized to sell the Bonds by private negotiation in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9) and proposals to purchase the Bonds have been solicited by Northland; and 2036592vl