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Home My WebLink About08.16.21 www.cityofstjoseph.com St. Joseph City Council August 16, 2021AMENDED 6:00 PM **The City Council meeting will be conducted in-person in the council chambers of the St. Joseph Government Center. Members of the public can attend in-person or via Zoom. Zoom attendees wanting to speak during item 3. Public Comments, contact City Clerk Kayla Klein (320) 229-9421, kklein@cityofstjoseph.com by noon on the day of the meeting. This will ensure that you will be heard at the appropriate time during the meeting.** Join Zoom Meeting https://us06web.zoom.us/j/84937430910?pwd=VVNYT2hCWE9MMUo3d0d4Z0tVVGExdz09 Meeting ID: 849 3743 0910 Passcode: 009482 One tap mobile +13017158592,,84937430910#,,,,*009482# US (Washington DC) +13126266799,,84937430910#,,,,*009482# US (Chicago) Dial by your location +1 301 715 8592 US (Washington DC) +1 312 626 6799 US (Chicago) +1 929 205 6099 US (New York) +1 253 215 8782 US (Tacoma) +1 346 248 7799 US (Houston) +1 669 900 6833 US (San Jose) 1. 6:00 PM Call to order - Pledge of Allegiance 2. Police Officer Oath of Office –Reece Riegel 3. Public Comments Up to 3 speakers will be allowed for up to 3 minutes each to address the council with questions/concerns/comments (regarding an item NOT on the agenda). No Council response or action will be given/taken other than possible referral to Administration. 4. Approve Agenda 5. Consent Agenda a. Minutes – Requested Action: Approve the minutes from May 25, 2021 Work Session; July 6, 2021 Special Meeting, July 19, 2021 Work Session, July 27, 2021 Special Meeting, and August 2, 2021. b. Bills Payable – Requested Action: Approve check numbers 057967-058054, Payroll EFT # 112111-112122, Accounts Payables EFT # 1996-2001, and Pay Periods 15,16,16.01; Council Pay Period 8. c. Treasurer’s Report – Requested Action: Approve the July 2021 Financial Reports as presented. d. Donations – Requested Action: Approve Resolution 2021-047 accepting donations. e. Lease Extension – Requested Action: Approve the lease extension between the City of St. Joseph and Bad Habit Brewing Company for a period f 1 month, September 1, 2021 – September 30, 2021. 6. Tammy Omdal, Northland Securities a. Debt Management Study b. 2021A Bond Issuance 7. 2022 Budget 75 Callaway Street East | Saint Joseph, Minnesota 56374 Email: cityoffices@cityofstjoseph.com | Phone: 320.363.7201 | Fax 320.363.0342 www.cityofstjoseph.com 8. Department Head Reports a. Administration b. Community Development c.Finance d. Public Works e. Police 9. Mayor Reports 10. Closed Meeting –Pursuant to MN Statute 13D.05, Subd3C(3), the City Council will enter into closed session to consider a sale offer for an interest in real estate owned by Riverbats Stadium LLC, PID #84.53300.0288. 11. Adjourn 75 Callaway Street East | Saint Joseph, Minnesota 56374 Email: cityoffices@cityofstjoseph.com | Phone: 320.363.7201 | Fax 320.363.0342 May 25, 2021 Page 1 of 1 Pursuant to due call and notice thereof, the City Council for the City of St. Joseph met in a workshop setting at 5:30 PM on Tuesday, May 25, 2021, in the St. Joseph Government Center. Members Present:Mayor Rick Schultz.CouncilorsBrian Theisen, Bob Loso, Kelly Beniek, Kevin Kluesner City Representatives Present:Administrator Therese Haffner,City Clerk Kayla Klein, Finance Director Lori Bartlett, Public Works Superintendent Ryan Wensmann, Police Chief Dwight Pfannenstein, City Engineer Randy Sabart, City Attorney Susan Dege 2021 Street &Utility Improvements: Schultz moved to adopt Resolution 2021-029 Authorizing Advertisement for Bids for the 2021 Street & Utility Improvement Project; seconded by Loso and passed unanimously. Community Center: Haffner presented a draft Partnership Agreement between the City of St. Joseph and the St. Cloud Area Family YMCA for review. The City’s legal team is currently reviewing the agreement. thth Development Agreements/24 Ave NE: Discussion was held regarding the construction of 24Avenue and how that was going to be completed. At a previous council meeting, the council did not require the developer to enter into a development agreement. Per the City’s subdivision ordinance, it is a requirement that the developer enter into a development agreement during the platting process. 2022 Budget: The 2022 budget was discussed as well as options for bonding requests. General consensus was to request bonding for the utility extension to Gateway Commons. Adjourn: The work session was adjourned at 7:52 PM. Kayla Klein City Clerk July 06, 2021 Page 1 of 1 Pursuant to due call and notice thereof, the City Council for the City of St. Joseph met in special session on Tuesday, July 6, 2021, at 5:30 PM in the St. Joseph Government Center. Members Present:Mayor Rick Schultz.CouncilorsBrian Theisen, Kevin Kluesner, Kelly Beniek City Representatives Present: Administrator Therese Haffner The Council interviewed Rhonda Juell for the Recreation Director Position. Council consensus was to add the hiring of Ms. Juell to a future council meeting for formal approval. Adjourn: After the conclusion of the interview, the meeting was adjourned. Kayla Klein City Clerk July 19, 2021 Page 1 of 1 Pursuant to due call and notice thereof, the City Council for the City of St. Joseph met in a workshop setting on Monday, July 19, 2021, immediately following the regular City Council meeting, in the St. Joseph Government Center. Members Present: Mayor Rick Schultz. Councilors Bob Loso, Kelly Beniek, Kevin Kluesner City Representatives Present:Administrator Therese Haffner,City Clerk Kayla Klein, Finance Director Lori Bartlett, Public Works Superintendent Ryan Wensmann, Community Development Director Nate Keller, Police Chief Dwight Pfannenstein, City Engineer Randy Sabart, City Attorney Susan Dege 2022 Budget: Bartlett presented the proposed memberships for 2022 as well as proposed staffing changes. Council consensus was to not renew the Greater St. Cloud Development Corp. membership. Councilmember Loso also recommended that each department head look at their department memberships to see if they are something that is truly needed. Regarding staffing, the Police Clerk will be hired before the end of 2021 and a full time Public Works mechanic is being proposed for 2022. The preliminary budget will be presented for approval in September. TIF/Tax Abatement: a. I94 – Staff was approached about the possibility of utilizing TIF/Tax Abatement for the development of Gateway Commons. Council was open to the idea and directed staff to further explore the option. b. Foxmore Hollow – the owner of Foxmore Hollow approached staff asking if the City would entertain the possibility of tax abatement for the proposed apartments. The construction of Foxmore Hollow was delayed due to COVID and the developer not being able to make ends meet. Council was not in favor of exploring tax abatement with the owner. Community Center: a. Operations – Haffner presented the Partnership Agreement between the City of St. Joseph and the St. Cloud Area Family YMCA. Councilmember Beniek was hesitant of the agreement as she wants the Community Center to be St. Joseph’s and not just another Y. Further discussion was held on the naming of the facility as well as the operations. Councilmember Loso stressed the importance of having the Y as a partner as they will be responsible for operating the facility. Loso added the city does not have the capacity to operate it. b. Architect – The council wanted to see additional figures from HMA & HGA in order to make their decision. Haffner will reach out to both firms and bring the information back at a future council meeting. Adjourn: The work session was adjourned at 8:25 PM. Kayla Klein City Clerk July 27,2021 Page 1 of 1 Pursuant to due call and notice thereof, the City Council for the City of St. Joseph met in special session on Thursday, July 27, 2021, at 4:00 PM in the St. Joseph Government Center. Members Present:Mayor Rick Schultz.CouncilorsKevin Kluesner, Kelly Beniek, Bob Loso City Representatives Present: Administrator Therese Haffner, City Clerk Kayla Klein City Council Vacancy Interviews: Interviews were conducted with the following applicants: Tom Dullinger, Steven Meyer, Adam Scepaniak, Marshall Herron, Mike Osterman, and Jon Hazen. Schultz moved to appoint Jon Hazen to fill the City Council Vacancy. The term will be August 2, 2021 – December 31, 2022. The motion was seconded by Kluesner and passed unanimously. Adjourn: Schultzmade a motion to adjourn at 6:30 PM; seconded by Loso and passed unanimously. Kayla Klein City Clerk August 2, 2021 Page 1 of 3 Pursuant to due call and notice thereof, the City Council for the City of St. Joseph met in regular session on Monday, August 2, 2021, at 6:00 PM in the St. Joseph Government Center. Members Present:Mayor Rick Schultz.Kevin Kluesner, Kelly Beniek, BobLoso, Jon Hazen City Representatives Present: Administrator Therese Haffner, City Clerk Kayla Klein, Finance Director Lori Bartlett, Public Works Superintendent Ryan Wensmann, Police Chief Dwight Pfannenstein, Community Development Director Nate Keller, City Engineer Randy Sabart Councilmember Oath of Office:Jon Hazen was sworn in to the City Council. Public Comments: rd Tim Borresch, 11 3Ave NW, commented that he is not in favor of closing the alleyway that runs north ndrd and south between 2 and 3Avenue. He feels that his concerns have not been heard by the Council and that closing the alley is a waste of taxpayer money. He feels the alley provides good access for pedestrian and vehicle traffic in the area. Borresch added he is frustrated with the approach the City has taken to projects like this. Stephen May, owner of 211 Minnesota St W, spoke against closing the entry to block seven. He stated that the area will become more dangerous if there is not an easy exit on the south side as people park on that alley when they are at the ballfield. He mentioned other safety hazards that will be created by closing that part of the alley, such as renters having to move in and out of the various rental properties using the busier Minnesota Street instead of that alleyway. He added that snow removal will be a challenge and drifting of snow built up in the alley would be an issue. He would like the Council to reconsider. th Frank Osendorf, 615 7Ave NE, spoke as a resident of St. Joseph who was a part of the Community Center Committee, he made it clear that he was not speaking on behalf of the Committee. He expressed that the Community Center Committee worked on this project for years and that it was an extensive, thoughtful and well documented evaluation process. Osendorf has been in contact with the cities of Golden Valley and St. Louis Park. Both of those cities had comparable projects and spoke very highly of HGA, the firm the St. Joseph Community Center Committee recommended. He mentioned that Mayor Schultz once said this project was a citizens’ project, and as such, he wanted to urge the Council to follow the recommendation of the Community Center Committee. Approve Agenda: Loso made a motion to approve the agenda; seconded by Kluesner and passed unanimously. Consent Agenda: Loso made a motion to approve consent agenda; seconded by Kluesner and passed unanimously. a. Minutes – Requested Action: Approve the minutes of July 19, 2021. b. Gambling Permit – Requested Action: Approve gambling permit for the St. Cloud Boxing & Wrestling Club. c. Police Officer Hire – Requested Action: Approve the hiring of Reece Riegel as Police Officer at Grade 9, Step 1 at $24.48 per hour on the wage scale. d. Resolution Setting Hearing for Alley Vacation – Requested Action: Adopt Resolution 2021- 045 Setting Public Hearing Block 7 Alley Vacation. Public Hearing – Delinquent Accounts Proposed Assessment: Finance Director Lori Bartlett explained that per the City Ordinance, balances that are three periods past due are subject to being shut off. Bartlett recommended certifying the accounts totaling $2,768.10. She also recommended the $50.00 assessment fee be waived.The account holders will have 30 days to pay before the amounts are certified to the county. Schultz opened the public hearing. As no one present wished to speak, Schultz closed the public hearing. August 2, 2021 Page 2 of 3 Beniek made a motion to approve the Resolution 2021-041 Adopting Assessment Outstanding Invoices; seconded by Schultz and passed unanimously. Ordinance 502 Amendment, Sign Ordinance:Community Development Director Nate Keller explained that there was a proposed change to the signage ordinance that would nowinclude language prohibiting dynamic displays or electronic signage in the downtown area. Council directed staff at the July 6, 2021 meeting to bring back the proposed amendment. The Planning Commission conducted a public hearing on May 10, 2021 on the proposed sign ordinance amendment and recommend approval. There are two Council actions needed. Schultz asked if there was a problem with illuminated signs downtown. Keller replied that concerns had been expressed regarding dynamic signage and changes to the character of the downtown area. The City is following the recommendations in the 2007 Downtown Design Standards plan to keep character intact. Council discussion followed and concerns were raised about the age, standards and relevance of the 2007 document. It was suggested that the Downtown Design Standards document be revisited. Keller stated that revisiting the document is something that is planned for this winter. There were concerns about brightness, “light pollution” and changing the look of the downtown area. It was verified that this change only impacted the B1 zone, which is the downtown area. Schultz made a motion to approve Resolution 2021-011 Amending Ordinance 502, Section 502.11; seconded by Loso. Aye: Kluesner, Beniek, Hazen, Schultz Motion Carried: 4:1 Nay: Loso Schultz made a motion to approve Resolution 2021-043 Summary; seconded by Hazen and passed unanimously. Sale of Property – Portion of PID 84.53843.0005: Administrator Therese Haffner stated that last spring Council approved moving forward with the RFP process for the renovation and sale of the former Police st and Fire Department building. On June 21Council approved drafting a purchase agreement contingent th on input from the EDA. The EDA met and are supportive of the sale. On July 19, Council reviewed the terms of the sale in a closed session and the terms have also been reviewed by the City Attorney. Schultz asked how concerns about parking and design would be addressed. Loso reminded him that those concerns were indeed covered and would be addressed in the development agreement. Beniek made a motion to adopt Resolution 2021-044 Approving the Purchase Agreement and Authorizing the Sale of the Property with the terms as identified; seconded by Loso and passed unanimously. Hazen made a motion to Approve SEH to Complete Survey and Prepare Plat; seconded by Loso and passed unanimously. th Community Center Architect: Administrator Therese Haffner explained that on July 6 Council discussed the architect proposals and moved to table any decision. They directed staff to obtain more detailed fee th information from HGA Architects. On July 19Council discussed proposals again and directed staff to obtain more detailed fee information from HMA Architects. That information has been provided and Council is aware of the Community Center Committee recommendation. All Councilmembers had an opportunity to provide feedback on the firms. It was mentioned that each firm presented well and all were great options. The Council was appreciative of the extra time to do research and dig deeper into the firms. The key factors that led the Council toward selecting HMA Architects were their history of working with the YMCA and with the City of St. Joseph as well as their local connection. August 2, 2021 Page 3 of 3 Schultz made a motion to move forward HMA Architects and direct staff to draft a contract; seconded by Kluesner and passed unanimously. Engineering Reports:City Engineer Randy Sabartgave a statusupdateonthe 2021 Street & Utility Improvements. Staff met with C & L Excavating for the preconstruction conference. C & L is anticipating th starting in alley areas of Block 7 and Block 8 as soon as August 9. The focus is the alley areas and then th they will broaden out to the northland neighborhood and then the 20Ave E area. A newsletter will go out to residents soon and staff is working on contracts with C & L. There was discussion addressing parking on alleyways as well as drainage, erosion and paving on the alley going east and west near the ballfield. This included explanations on how the drainage works, what improvements can be made and future options for the Council to consider. Mayor Reports: a. Acting Mayor, Schultz explained that this is a nominated and not appointed position. Former Councilmember Theisen was acting mayor. Schultz moved to nominate Kluesner to be acting mayor, Hazen seconded; and passed unanimously. b. Appointments Schultz made a motion to accept the Mayor Appointments, Kluesner seconded; and passed unanimously. Adjourn: Loso made a motion to adjourn at 6:55 PM; seconded by Kluesner and passed unanimously. Kayla Klein City Clerk Council Agenda Item 5b MEETING DATE:August 16, 2021 AGENDA ITEM: Bills Payable SUBMITTED BY: Finance BOARD/COMMISSION/COMMITTEE RECOMMENDATION: None PREVIOUS COUNCIL ACTION: See below BACKGROUND INFORMATION: The council approved staff to make the following payments through the payroll contracts, regular monthly invoices with due dates prior to the next scheduled council meeting, or actions taken at previous council meetings. The information here is to provide you all checks and electronic payments made for verification of the disbursement completeness. BUDGET/FISCAL IMPACT: Bills Payable – Checks Mailed Prior to Council Approval Reg PP 15, 16, 16.01; Council PP 8 $97,322.03 Payroll EFT #112111-112122 $68,018.38 Account Payable EFT #1996-2001 $10,843.44 Check Numbers 057967-58042 $144,646.15 Total $320,830.00 Bills Payable – Checks Awaiting Council Approval Check Numbers 058043-058054 $76,520.00 Total $76,520.00 Total Budget/Fiscal Impact: $397,350.00 Various Funds ATTACHMENTS: Request for Council Action – Bills Payable Bills Payable – Checks Mailed Prior to Council Approval REQUESTED COUNCIL ACTION: Approve the bills payables as presented. CITYOFSTJOSEPH EFTs&PayrollPaidPriorToCouncilApproval Check#DateSearchNameCommentsAmountFUNDDEPARTOBJ ACHPAYROLLREGPP15,16,16.01;CouncilPP8$97,322.03 00199623Jul21COMMISSIONEROFREVENUEJune2021Sales/UseTax$4.9610142120441 00199623Jul21COMMISSIONEROFREVENUEJune2021Sales/UseTax$87.6910145202441 00199623Jul21COMMISSIONEROFREVENUEJune2021Sales/UseTax$15.5510145205441 00199623Jul21COMMISSIONEROFREVENUEJune2021Sales/UseTax$563.716010000031320 00199623Jul21COMMISSIONEROFREVENUEJune2021Sales/UseTax$2,136.946030000031320 00199723Jul21SENTRYBANKCREDITCARDCCMalfunction$1.531014143036300 00199723Jul21SENTRYBANKCREDITCARDPitchupTool,Bags$30.9810145202210 00199723Jul21SENTRYBANKCREDITCARDRainWand$29.9910145202210 00199723Jul21SENTRYBANKCREDITCARDLysol$9.0810145202210 00199723Jul21SENTRYBANKCREDITCARDKeys$5.9710145201210 00199723Jul21SENTRYBANKCREDITCARDAirChuck$12.4810145201210 00199723Jul21SENTRYBANKCREDITCARDRWAConference$250.0060149440331 00199723Jul21SENTRYBANKCREDITCARDWipers,Pads$196.7060149440210 00199723Jul21SENTRYBANKCREDITCARDChemicals$31.8560149440210 00199723Jul21SENTRYBANKCREDITCARDTapeMeasures,MarkingPaint$108.6510142120240 00199723Jul21SENTRYBANKCREDITCARDAMEMConference2021$225.0010142500331 00199723Jul21SENTRYBANKCREDITCARDRoomReservationforAMEMConference$615.0010142500331 CARDUSPS$6.4510142120322 00199723Jul21SENTRYBANKCREDIT 00199723Jul21SENTRYBANKCREDITCARDTagsforForfeitureKeys$8.1710142120210 00199723Jul21SENTRYBANKCREDITCARDBags,PineSol$13.1810145202210 00199723Jul21SENTRYBANKCREDITCARDPipeInsulation$12.5460149440220 00199723Jul21SENTRYBANKCREDITCARDFuel$18.2710145202235 00199723Jul21SENTRYBANKCREDITCARDLockingTongs$5.9210145202240 00199723Jul21SENTRYBANKCREDITCARDWaterMainCover$117.6660149440220 00199723Jul21SENTRYBANKCREDITCARDKitchenSpray,Bleach$17.9710141942210 00199723Jul21SENTRYBANKCREDITCARDFaucetHose$8.9910141942220 00199723Jul21SENTRYBANKCREDITCARDOil,MeasureJug$58.9565149900220 00199723Jul21SENTRYBANKCREDITCARDPostHoleDigger$39.7210143120240 00199723Jul21SENTRYBANKCREDITCARDPullUtility$5.9910145201220 00199723Jul21SENTRYBANKCREDITCARDHardware,Spackel,PuttyKnife$18.5510145202220 21SENTRYBANKCREDITCARDStopNuts$7.9910145201220 00199723Jul 00199723Jul21SENTRYBANKCREDITCARDBleach$7.9910145202220 00199723Jul21SENTRYBANKCREDITCARDMixOil$25.9810145202210 00199723Jul21SENTRYBANKCREDITCARDDawn,Bags,Bucket$36.5110145202210 00199723Jul21SENTRYBANKCREDITCARDCapPVC$11.9610145202220 00199723Jul21SENTRYBANKCREDITCARDClevis$13.0810145202220 00199723Jul21SENTRYBANKCREDITCARDBackgroundCheckWennerRoth$60.0010141530300 00199723Jul21SENTRYBANKCREDITCARDBackgroundCheckLyon$60.0010142120300 00199723Jul21SENTRYBANKCREDITCARDGlade(CityHall)$2.0810141430200 00199723Jul21SENTRYBANKCREDITCARDAdobeMonthlyKeller$18.2910141910300 00199723Jul21SENTRYBANKCREDITCARDAdobeMonthlyKlien,Haffner$36.5710141430300 00199723Jul21SENTRYBANKCREDITCARDAdobeMonthlyBartlett,WennerRoth$36.5710141530300 CREDITCARDZoomStandardProMonthly$32.0410141950215 00199723Jul21SENTRYBANK 00199723Jul21SENTRYBANKCREDITCARDBeaconMonthly$1.0010141430300 00199723Jul21SENTRYBANKCREDITCARDScotchBrite$5.3810141430300 00199723Jul21SENTRYBANKCREDITCARDCCMalfunction$1.531014143036300 00199723Jul21SENTRYBANKCREDITCARDCCMalfunction$1.531014143036300 00199823Jul21KWIKTRIPJune2021$234.0010542220235 00199823Jul21KWIKTRIPJune2021$364.8510143120235 00199823Jul21KWIKTRIPJune2021$73.0010143220235 00199823Jul21KWIKTRIPJune2021$364.8510145202235 00199823Jul21KWIKTRIPJune2021$364.8560149440235 00199823Jul21KWIKTRIPJune2021$778.8560249450235 00199823Jul21KWIKTRIPJune2021($22.04)10542220235 00199823Jul21KWIKTRIPJune2021($30.68)10143120235 00199823Jul21KWIKTRIPJune2021($7.52)10143220235 00199823Jul21KWIKTRIPJune2021($30.68)10145202235 00199823Jul21KWIKTRIPJune2021($30.68)60149440235 00199823Jul21KWIKTRIPJune2021($67.56)60249450235 00199823Jul21KWIKTRIPJune2021$2,328.3510142152235 00199823Jul21KWIKTRIPJune2021($201.59)10142152235 00199823Jul21KWIKTRIPJune2021squadcarwashes$34.0110142152230 00199930Jul21SENTRYBANKJulybankfeescorrecteftamount($0.02)10141430317 00199930Jul21SENTRYBANKJulybankfees($0.20)1014520434410 00199930Jul21SENTRYBANKJulybankfeesUBACHretransmit$441.876010000037115 00199930Jul21SENTRYBANKJulybankfeeswirefee$15.0010141430317 00200002Aug21MINNESOTADEPARTLABOR&INDUS2ndQtr2021BuildingSurcharge$1,078.6910142401438 00200102Aug21PAYMENTSERVICENETWORKPSNJuly2021Fees$139.1510141530300 11211128Jul21SENTRYBANKHSAw/hregpp15$1,190.4210121715 11211228Jul21EFTPSFedw/hregpp15$5,292.2110121701 11211228Jul21EFTPSFICAw/hregpp15$6,869.5210121703 11211328Jul21COMMISSIONEROFREVENUEStatew/hregpp15$2,570.5810121702 11211428Jul21PERAPERAw/hregpp15$13,506.2810121704 11211528Jul21VOYAFINANCIALDeferredcompregpp15$1,575.0010121705 11211628Jul21AMERICANFUNDS529regpp15$150.0010121705 11211711Aug21SENTRYBANKHSAw/hregpp16$4,037.2710121715 11211811Aug21EFTPSFedw/hregpp16,16.1,CC8$5,762.3010121701 11211811Aug21EFTPSFICAw/hregpp16,16.1,CC8$7,350.1810121703 11211911Aug21COMMISSIONEROFREVENUEStatew/hregpp16,16.1,CC8$2,725.1310121702 11212011Aug21PERAPERAw/hregpp16,CC8$14,560.6610121704 11212111Aug21VOYAFINANCIALDeferredCompregpp16$2,278.8310121705 11212211Aug21AMERICANFUNDS529regpp16$150.0010121705 EFTTotal$176,183.85 CITYOFSTJOSEPH BillsPayablePaidPriorToCouncilApproval Check#DateSearchNameCommentsAmountFUNDDEPARTOBJ 05796702Aug21CITYOFSARTELL2ndQtrGangStrikeForce$4,045.8410142120300 05796802Aug21COMMISSIONEROFTRANSPORTATIONRailroadLease$5,800.0060147100413 05796902Aug21FLEET&SURPLUSSERVICESSquadLeaseJune2021$1,238.1810142152414 05797022Jul21HAWKINS,INCCorrectionReprintCheck#57970$3,047.0960149421210 05797102Aug21LITTLEBENSDIESELSERVICEACRepairSquad703$764.0110142152230 05797202Aug21MIDWESTMACHINERYCO.BertiMowerSupplies$281.5010145202230 05797302Aug21NCPERSGROUPLIFEINSURANCEGroupLifePremiumAug2021$57.0010121711 05797402Aug21OREILLYAUTOPARTSMotorTreatment$23.9710143120230 05797402Aug21OREILLYAUTOPARTSMotorTreatment$23.9710145202230 05797502Aug21OFFICEDEPOTMiscOfficeSupplies$382.4910141430200 05797502Aug21OFFICEDEPOTMiscOfficeSupplies$9.5010141430200 05797502Aug21OFFICEDEPOTMiscOfficeSupplies$201.8310141430200 05797502Aug21OFFICEDEPOTMiscOfficeSupplies$33.8910141430200 05797602Aug21SEH,INCMS4/GISUpdates$335.0065149900303 05797602Aug21SEH,INCSpeedZones$192.7510143131303 05797602Aug21SEH,INCOldPD/FDBuildingSell$487.5010143131303 05797602Aug21SEH,INCOakson20thApts$58.5010143131303 05797602Aug21SEH,INCGatewayDevelopment$1,124.0110143131303 05797602Aug21SEH,INCKnifeRiver$78.0010143131303 05797602Aug21SEH,INC2021MNStreetscape$58.5041143120530 05797602Aug21SEH,INCSWBeltway/APO$546.0010143131303 05797602Aug21SEH,INCGeneral$391.9210143131303 05797602Aug21SEH,INCIndustrialParkE$719.0640843120530 05797602Aug21SEH,INCAWIARisk&ResiliencyAssessment$3,407.7560149440303 05797602Aug21SEH,INC2021Street&UtilityImprovement$15,150.0041143120530 05797702Aug21ST.CLOUDTIMESPublicHearingNoticeSt.JosephBoosterClubOutdoorEvent$146.5410141910340 05797802Aug21THEIS,KARENRefundFinalUB$605.886010000037115 ConnectWaterTowerMixertoSCADA;ModifiedPLC&SCADA 05797902Aug21TOTALCONTROLSYSTEMS,INC$446.7060149435300 HMI 05798002Aug21ALLCARETOWING,INC.2012ChevroletImpalaTow/HookFees$105.0010142120436 05798102Aug21BADGERMETER,INCBeaconHostingAnnualFeeWaterFund$882.2460149490210 05798202Aug21BATTERYWHOLESALE,INC.FireHallFireAlarmBatteries$36.8010542280210 05798202Aug21BATTERYWHOLESALE,INC.FlashlightBatteries$14.7010542220210 05798302Aug21BRILL,SHIRLIEANDMARKReimbJulyFDDinner$50.2710121712 05798402Aug21BROTHERSFIRE&SECURITY2021AnnualAlarmInspection$266.2560149421300 05798502Aug21CENTRACARECLINCPreemploymentPhysical,DrugScreen,UrinalysisA.Lyons$383.7510142120300 05798802Aug21ELECTRICMIKES,INC.WaterTowerAgitatorPanelWiring$564.0060149435220 05798802Aug21ELECTRICMIKES,INC.CentennialParkBuildingRepair$1,066.0010145202220 05798802Aug21ELECTRICMIKES,INC.Plant#2GrinderSationReplacement$438.0060149421220 05799002Aug21GALLSINCSinglePistolMagPouchE.Brutger$28.0010142120171 05799002Aug21GALLSINCNewHireUniformsA.Lyons$392.7810142120171 05799102Aug21GOODINCOMPANYGerberTankCover$80.0010145202220 05799202Aug21HAWKINS,INCWaterChemicals$2,439.2960149421210 05799202Aug21HAWKINS,INCWaterChemicals$607.8060149420210 05799202Aug21HAWKINS,INCWaterTreatmentChemicals$497.3860149421210 05799202Aug21HAWKINS,INCWaterChemicals($2,439.29)60149421210 05799202Aug21HAWKINS,INCWaterChemicals($607.80)60149420210 05799202Aug21HAWKINS,INCWaterTreatmentChemicals($497.38)60149421210 05799302Aug21HOFFMAN,JUNEJulyFireHallCleaning$52.5010542281300 05799402Aug21KNIFERIVERCORPORATIONStormSewerRepair15thCollegeAveS$84.5065149900220 05799402Aug21KNIFERIVERCORPORATIONStormSewerRepair15thCollegeAveS$169.0065149900220 05799602Aug21MARCO,INCCopierLeaseAD7/10/218/10/21$322.7310141430410 05799802Aug21MVTLLABORATORIES,INCWastewaterTesting$434.5060249480312 05800202Aug21POWERHOUSEOUTDOOREQUIPChain$8.0010145202240 05800202Aug21POWERHOUSEOUTDOOREQUIPChainLoop,Sprocket$83.0710145202240 05800202Aug21POWERHOUSEOUTDOOREQUIPMotorFuel$431.8410542220235 05800402Aug21PROM,JOHNReimbJulyFDDinner$104.0410121712 05800502Aug21SALSBAR&GRILLMutrualAidMeeting$187.2510542220211 05800902Aug21TIREMAXXSERVICECENTERSMount,BalanceTires#7032016Tahoe$76.0010142152230 05801102Aug21TRICOUNTYHUMANESOCIETYStrayDog$75.0010142700300 05801210Aug21BADGERMETER,INCMobileReadModuleUnits12$1,200.0060149430210 05801310Aug21BROCKWHITECOMPANY,LLCRigidExpFoamSidewalk$20.5065149900220 05801410Aug21BRUNOPRESSAugust2021CVBSocialMediaMktg.$750.0022046500300 05801510Aug21CITYOFST.CLOUDJune2021SewerRentalCharges$18,883.9760249480419 05801510Aug21CITYOFST.CLOUDBonds$40,463.0560249480418 CITYOFSTJOSEPH BillsPayablePaidPriorToCouncilApproval Check#DateSearchNameCommentsAmountFUNDDEPARTOBJ 05801610Aug21DESIGNELECTRIC,INCMalfunctioningLightsatWaterTreatmentPlant$125.2060149421220 05801710Aug21FLEXIBLEPIPETOOLCOMPANYINCCounter,BallValve,PackingKit,HoseReelSwivel#15$748.9060249450230 05801810Aug21GOODINCOMPANYAirFilters$69.0510145202210 05801810Aug21GOODINCOMPANYGageCock,AirFilters$69.1360149420210 05801810Aug21GOODINCOMPANYGageCock,AirFilters$69.1360149421210 05801910Aug21GOPHERSTATEONECALLLocatesJuly2021$70.2060249490319 05802010Aug21GRANITEWATERWORKS,INCBlueMarkPaint$56.2860249450210 05802010Aug21GRANITEWATERWORKS,INCBlueMarkPaint$56.2860149440210 05802110Aug21HAWKINS,INCCorrectionVoidedCheck#57992$497.3860149421210 05802110Aug21HAWKINS,INCWaterTreatmentChemicals$2,470.7760149421210 05802110Aug21HAWKINS,INCWaterTreatmentChemicals$331.3060149420210 05802210Aug21HOLIDAYSTORESJuly2021FuelCharges$35.5610142152235 05802210Aug21HOLIDAYSTORESJuly2021FuelCharges($2.81)10142152235 05802210Aug21HOLIDAYSTORESJuly2021FuelCharges$2.3110142152230 05802310Aug21HOMETOWNTITLEPID#33.22180.0000NotinCityLimits$30.001014143034107 05802410Aug21INSPECTRONINCJuly2021InspectronContract$7,500.0010142401300 05802510Aug21KRILLAN,INC.CVBTShirtOrder(72Total)$818.4022046500328 05802610Aug21LAWENFORCEMENTLABORSERVICESAugust2021UnionDues$571.5010121707 05802710Aug21LEAGUEOFMNCITIESINSTRUSTClaimantFellIcySidewalk$1,000.0010143120300 05802810Aug21LEXISNEXISJuly2021Subscription$100.0010142120300 05802910Aug21MELROSEIMPLEMENT,INCFilters#23$95.0610145202230 05802910Aug21MELROSEIMPLEMENT,INCFilters#23$95.0610143220230 05802910Aug21MELROSEIMPLEMENT,INCFilters#23$95.0710143125230 05803010Aug21MVTLLABORATORIES,INCWastewaterTesting$126.5060249480312 05803110Aug21NORTHLANDBUSINESSSOLUTIONSPDSurveillanceCameraAnnualContract7/22/21thru7/21/22$1,995.0010142151321 05803210Aug21OREILLYAUTOPARTSVacTubing#35$0.6660249450230 05803210Aug21OREILLYAUTOPARTSOilFilters#27$0.6860249450230 05803210Aug21OREILLYAUTOPARTSOilFilters#27$0.6860149440230 05803210Aug21OREILLYAUTOPARTSOilFilters#27$0.6810145202230 05803210Aug21OREILLYAUTOPARTSOilFilters#27$0.6710143120230 05803310Aug21POWERHOUSEOUTDOOREQUIPBG86Blower$103.9910145202240 05803310Aug21POWERHOUSEOUTDOOREQUIPBG86Blower$104.0010143120240 05803410Aug21RIDGEWOODCONTRACTING,LLCCityofSt.Joseph$330.0060343230300 05803410Aug21RIDGEWOODCONTRACTING,LLCCityofSt.Cloud$80.0060343230300 05803410Aug21RIDGEWOODCONTRACTING,LLCSt.WendelTownship$165.0060343230300 05803510Aug21SCHWEGELCOMMUNICATIONSINCAddingNewEmplK.WennerRoth$12.5010141530300 05803510Aug21SCHWEGELCOMMUNICATIONSINCAddingNewEmplA.Lyon$12.5010142120300 05803510Aug21SCHWEGELCOMMUNICATIONSINCTroubleshootcamera/providereplacementoptions$127.5010141942220 05803610Aug21SHIFTTECHNOLOGIES,INC.PostWarrantyHPCarePack$214.5010141430215 05803610Aug21SHIFTTECHNOLOGIES,INC.PostWarrantyHPCarePack$214.5010141530215 05803610Aug21SHIFTTECHNOLOGIES,INC.PostWarrantyHPCarePack$214.5010142120215 05803610Aug21SHIFTTECHNOLOGIES,INC.PostWarrantyHPCarePack$107.2510143120215 05803610Aug21SHIFTTECHNOLOGIES,INC.PostWarrantyHPCarePack$107.2510145202215 05803610Aug21SHIFTTECHNOLOGIES,INC.PostWarrantyHPCarePack$214.5060149490215 05803610Aug21SHIFTTECHNOLOGIES,INC.PostWarrantyHPCarePack$214.5060249490215 05803610Aug21SHIFTTECHNOLOGIES,INC.PostWarrantyHPCarePack$214.5060343230215 05803610Aug21SHIFTTECHNOLOGIES,INC.PostWarrantyHPCarePack$214.5065149490215 05803610Aug21SHIFTTECHNOLOGIES,INC.AugustManagedServices$297.5010141710310 05803610Aug21SHIFTTECHNOLOGIES,INC.WindscribeSetup$830.6510142120215 05803610Aug21SHIFTTECHNOLOGIES,INC.MemoryModules$375.0010141710215 05803610Aug21SHIFTTECHNOLOGIES,INC.MemoryUpgrade$75.0010141530215 05803610Aug21SHIFTTECHNOLOGIES,INC.InvestigateBanyonIssues$37.6860149490215 05803610Aug21SHIFTTECHNOLOGIES,INC.InvestigateBanyonIssues$37.6860249490215 05803610Aug21SHIFTTECHNOLOGIES,INC.InvestigateBanyonIssues$37.6860343230215 05803610Aug21SHIFTTECHNOLOGIES,INC.InvestigateBanyonIssuues$37.6865149490215 05803610Aug21SHIFTTECHNOLOGIES,INC.InvestigateBanyonIssues$37.6865243160215 05803610Aug21SHIFTTECHNOLOGIES,INC.PWSoftwareSupport$29.7510143120215 05803610Aug21SHIFTTECHNOLOGIES,INC.PWSoftwareSupport$29.7510145202215 05803610Aug21SHIFTTECHNOLOGIES,INC.PWSoftwareSupport$29.7560149440215 05803610Aug21SHIFTTECHNOLOGIES,INC.PWSoftwareSupport$29.7560249450215 05803610Aug21SHIFTTECHNOLOGIES,INC.AntivirusMonthlyBilling$241.5010141710310 05803710Aug21SHREDITShredService7/13/21$36.9710141430300 05803710Aug21SHREDITShredService7/13/21$36.9810142120300 05803810Aug21SPEEDWAYJuly2021FuelCharges$12.9110143120235 CITYOFSTJOSEPH BillsPayablePaidPriorToCouncilApproval Check#DateSearchNameCommentsAmountFUNDDEPARTOBJ 05803810Aug21SPEEDWAYJuly2021FuelCharges$12.9110145202235 05803810Aug21SPEEDWAYJuly2021FuelCharges$12.9160149440235 05803810Aug21SPEEDWAYJuly2021FuelCharges$12.9160249450235 05803810Aug21SPEEDWAYJuly2021FuelCharges($0.29)10143120235 05803810Aug21SPEEDWAYJuly2021FuelCharges($0.29)10145202235 05803810Aug21SPEEDWAYJuly2021FuelCharges($0.29)60149440235 05803810Aug21SPEEDWAYJuly2021FuelCharges($0.29)60249450235 05803910Aug21ST.JOSEPHNEWSLEADER,INCAnnualDiscofTaxIncrement$57.5015046500340 05803910Aug21ST.JOSEPHNEWSLEADER,INCAnnualDiscofTaxIncrement$28.7515346500340 05803910Aug21ST.JOSEPHNEWSLEADER,INCAnnualDiscofTaxIncrement$28.7515846500340 05803910Aug21ST.JOSEPHNEWSLEADER,INCAnnualDiscofTaxIncrement$28.7515946500340 05803910Aug21ST.JOSEPHNEWSLEADER,INCAnnualDiscofTaxIncrement$28.7515746500340 05804010Aug21STEARNSCOUNTYRECORDER202ndAveSESt$92.0010141910431 05804110Aug21THEHARTFORDAugustLifeInsurance$152.9510121711 05804210Aug21XCELENERGYXcelEnergy$161.8610141941381 05804210Aug21XCELENERGYXcelEnergy$9.3210141941383 05804210Aug21XCELENERGYXcelEnergy$1,720.7810141942381 05804210Aug21XCELENERGYXcelEnergy$377.8310141942383 05804210Aug21XCELENERGYXcelEnergy$7.5310142500326 05804210Aug21XCELENERGYXcelEnergy$75.9110143120381 05804210Aug21XCELENERGYXcelEnergy$26.3910143120383 05804210Aug21XCELENERGYXcelEnergy$18.4910145123381 05804210Aug21XCELENERGYXcelEnergy$26.7510145123383 05804210Aug21XCELENERGYXcelEnergy$50.6110145201381 05804210Aug21XCELENERGYXcelEnergy$110.3010145201383 05804210Aug21XCELENERGYXcelEnergy$436.4010145202381 05804210Aug21XCELENERGYXcelEnergy$26.7510145202383 05804210Aug21XCELENERGYXcelEnergy$91.0810145205383 05804210Aug21XCELENERGYXcelEnergy$882.9310542280381 05804210Aug21XCELENERGYXcelEnergy$59.1310542280383 05804210Aug21XCELENERGYXcelEnergy$603.2360149410381 05804210Aug21XCELENERGYXcelEnergy$56.5260149410383 05804210Aug21XCELENERGYXcelEnergy$924.4560149420381 05804210Aug21XCELENERGYXcelEnergy$53.2560149420383 05804210Aug21XCELENERGYXcelEnergy$5,153.8160149421381 05804210Aug21XCELENERGYXcelEnergy$422.5260149421383 05804210Aug21XCELENERGYXcelEnergy$285.3760149435381 05804210Aug21XCELENERGYXcelEnergy$262.8560249470381 05804210Aug21XCELENERGYXcelEnergy$29.6160249471383 05804210Aug21XCELENERGYXcelEnergy$608.2160249480381 05804210Aug21XCELENERGYXcelEnergy$26.7560249480383 05804210Aug21XCELENERGYXcelEnergy$2,477.3465243160386 $144,646.15 Total Bills Payable - Mailed Prior to Council Approval CITYOFSTJOSEPH BillsPayableChecksNotMailedAwaitingCouncilApproval Check#DateSearchNameCommentsAmountFUNDDEPARTOBJ 05804312Aug21AFSCMECOUNCIL65August2021Dues$526.5010121707 05804412Aug21BLUECROSSBLUESHIELDMNHealthInsuranceSept2021$34,549.0810121706 05804512Aug21CINTASCORPORATIONNO.2PWUniformsJuly2021$59.7860249450171 05804512Aug21CINTASCORPORATIONNO.2PWUniformsJuly2021$5.0665149900171 05804512Aug21CINTASCORPORATIONNO.2PWUniformsJuly2021$4.5860343230171 05804512Aug21CINTASCORPORATIONNO.2PWUniformsJuly2021$60.0260149440171 05804512Aug21CINTASCORPORATIONNO.2PWUniformsJuly2021$26.5210145202171 05804512Aug21CINTASCORPORATIONNO.2PWUniformsJuly2021$27.2410143120171 05804512Aug21CINTASCORPORATIONNO.2Rugs,Towels,AirFreshenersJuly2021$149.0460249490210 05804512Aug21CINTASCORPORATIONNO.2Rugs,Towels,AirFreshenersJuly2021$149.0460149490210 05804512Aug21CINTASCORPORATIONNO.2Rugs,Towels,AirFreshenersJuly2021$149.0410145201210 05804512Aug21CINTASCORPORATIONNO.2Rugs,Towels,AirFreshenersJuly2021$23.5210142120210 05804512Aug21CINTASCORPORATIONNO.2Rugs,Towels,AirFreshenersJuly2021$178.6010141430210 05804612Aug21EOJOHNSONBUSINESSTECHBlockade8/209/19/21$370.0010141710215 05804712Aug21FIRSTNETCellPhoneJuly2021$468.2410142151321 05804712Aug21FIRSTNETCellPhoneJuly2021$148.6710143120321 05804712Aug21FIRSTNETCellPhoneJuly2021$148.6710145202321 05804712Aug21FIRSTNETCellPhoneJuly2021$97.1260149440321 05804712Aug21FIRSTNETCellPhoneJuly2021$82.4060249450321 05804712Aug21FIRSTNETCellPhoneJuly2021$85.3465149900321 05804712Aug21FIRSTNETCellPhoneJuly2021$44.8910145204321 05804712Aug21FIRSTNETCellPhoneJuly2021$23.5610145205321 05804712Aug21FIRSTNETCellPhoneJuly2021$23.5610141942321 05804712Aug21FIRSTNETCellPhoneJuly2021$44.8910141910321 05804712Aug21FIRSTNETCellPhoneJuly2021$83.1210141430321 05804712Aug21FIRSTNETCellPhoneJuly2021$49.9210141530321 05804712Aug21FIRSTNETCellPhoneJuly2021$76.4610542250321 05804812Aug21KWIKTRIPPoliceDepartmentFuelJuly2021($147.86)10142152235 05804812Aug21KWIKTRIPPoliceDepartmentCarWashesJuly2021$34.9910142152230 05804812Aug21KWIKTRIPPoliceDepartmentFuelJuly2021$2,338.1310142152235 MIDCONTINENT 05804912Aug21Fiber/Internet/PhoneLinesAugust2021$465.3060149421321 COMMUNICATIONS MIDCONTINENT 05804912Aug21Fiber/Internet/PhoneLinesAugust2021$380.3060149420321 COMMUNICATIONS MIDCONTINENT 05804912Aug21Fiber/Internet/PhoneLinesAugust2021$380.3010542250321 COMMUNICATIONS MIDCONTINENT 05804912Aug21Fiber/Internet/PhoneLinesAugust2021$380.3010145201321 COMMUNICATIONS MIDCONTINENT 05804912Aug21Fiber/Internet/PhoneLinesAugust2021$140.3115046500321 COMMUNICATIONS MIDCONTINENT 05804912Aug21Fiber/Internet/PhoneLinesAugust2021$232.6510141430321 COMMUNICATIONS MIDCONTINENT 05804912Aug21Fiber/Internet/PhoneLinesAugust2021$232.6510142151321 COMMUNICATIONS MIDCONTINENT 05804912Aug21Fiber/Internet/PhoneLinesAugust2021$345.3060149435321 COMMUNICATIONS MIDCONTINENT 05804912Aug21Fiber/Internet/PhoneLinesAugust2021$345.3060249480321 COMMUNICATIONS 05805012Aug21NORTHLANDSECURITIES,INCTIF31$1,000.0015046500300 05805012Aug21NORTHLANDSECURITIES,INCTIF21$1,000.0015746500300 05805012Aug21NORTHLANDSECURITIES,INCTIF23$1,000.0015946500300 05805012Aug21NORTHLANDSECURITIES,INCTIF41$1,000.0015346500300 05805112Aug21RENGELPRINTING,INCBusinessCardsA.Lyon$35.0010142120350 05805212Aug21REPUBLICSERVICESResidentialRecycling$148.4060343230384 05805212Aug21REPUBLICSERVICESRecyclingService$12,144.8060343230384 05805212Aug21REPUBLICSERVICES30gal$3,159.5260343230384 05805212Aug21REPUBLICSERVICES60gal$10,425.8760343230384 05805212Aug21REPUBLICSERVICES90gal$343.7460343230384 05805212Aug21REPUBLICSERVICESCreditonAcct($3.69)60343230384 05805312Aug21STEARNSELECTRICASSOCIATIONCarolynWillenbringStreetLighting$563.9065243160386 05805312Aug21STEARNSELECTRICASSOCIATIONDBLLiftStation$107.6260249471381 05805312Aug21STEARNSELECTRICASSOCIATION60319thAveNE$259.0010145201381 05805312Aug21STEARNSELECTRICASSOCIATIONCR75/133SignalLights$106.0065243160386 05805312Aug21STEARNSELECTRICASSOCIATIONNorthalndDriveLiftStation$74.4960249472381 05805312Aug21STEARNSELECTRICASSOCIATIONHickory&HackberryDrivesStreetLights$55.2565243160386 05805312Aug21STEARNSELECTRICASSOCIATIONCR121LiftStation$106.5360249473381 05805312Aug21STEARNSELECTRICASSOCIATIONMaintenanceFacility185ElmStE$454.7010145201381 05805312Aug21STEARNSELECTRICASSOCIATIONStreetLightCircuit(AnnualBillingLookforDec/Jan)$97.6265243160386 05805312Aug21STEARNSELECTRICASSOCIATIONGraceview3StreetLights$55.2565243160386 05805312Aug21STEARNSELECTRICASSOCIATION12thAveSE&PondviewLaneStreetLights$21.5065243160386 05805312Aug21STEARNSELECTRICASSOCIATIONNorthlandHeightsStreetLights$62.0065243160386 05805312Aug21STEARNSELECTRICASSOCIATIONHilltopAcresStreetLights$35.0065243160386 CR75&NorthlandDriveSignalLights(AnnualBillingLookfor 05805312Aug21STEARNSELECTRICASSOCIATION$27.0065243160386 Dec/Jan) CITYOFSTJOSEPH BillsPayableChecksNotMailedAwaitingCouncilApproval Check#DateSearchNameCommentsAmountFUNDDEPARTOBJ 05805312Aug21STEARNSELECTRICASSOCIATIONCR121StreetLightCircuit$71.2965243160386 05805312Aug21STEARNSELECTRICASSOCIATIONCollegeCir/StreetLightCircuit$43.0065243160386 05805312Aug21STEARNSELECTRICASSOCIATIONCloverdale808AbleStE$25.7565243160386 05805312Aug21STEARNSELECTRICASSOCIATIONFieldSt&7thAveSE$88.0065243160386 05805312Aug21STEARNSELECTRICASSOCIATIONLaniganWaySE/CR121$28.2565243160386 05805312Aug21STEARNSELECTRICASSOCIATION75CallawayStE$50.5010141942381 05805412Aug21UNUMLIFEINSURANCEDisabilityInsuranceSept2021$1,151.1810121713 $76,520.00 Total Bills Payables - Waiting Council Approval Summary: EFTs&Payroll176,183.85 BillsPaidPriortoCouncil144,646.15 76,520.00 BillsWaitingforCouncil 397,350.00 TotalBillsPayable MEETING DATE: August 16, 2021 AGENDA ITEM: Treasurer’s Report – July 2021 SUBMITTED BY: Finance BOARD/COMMISSION/COMMITTEE RECOMMENDATION: N/A PREVIOUS COUNCIL ACTION: None BACKGROUND INFORMATION: Cash/investment presented as July 31, 2021. Budget to actual reports attached for Council review. The cash and investment balance increased $1,850,852 since the beginning of the year. The first half taxes and state aids were received and will be spent down over the next few months. In addition, the 2020C Taxable Crossover Refunding bonds will hold cash in escrow until the crossover date to pay off the 2014 bonds. The crossover date is December 2021. Further, the 2015B Abatement bonds will be held in escrow until the crossover date of December 2022. Interest earnings show a deficit. This is due to the city valuing the brokered CD’s to the current market rate at the end of each month. State Statute requires investments be marked to market. Fluctuations up and down will occur throughout the year. The General fund spent 53% of the expenditure budget and received 47% of the revenue budget at the end of July. Revenues and expenditures are operational in nature. The Enterprise funds spent 33% (without depreciation) and received 35% of the revenue budget. The revenue represents the January through April and part of the May/June usage billed in July. Revenue represents 5.5 months received, seven months expensed. The funds represent mainly operational activity. BUDGET/FISCAL IMPACT: Information Only ATTACHMENTS: Request for Council Action: July Treasurer’s Report 2021 Treasurer’s Reports: Cash Balances Month End Revenue Summary Month End Revenue Summary – General Fund Month End Revenue Summary – Enterprise Funds Month End Expenditure Summary Month End Expenditure Summary – General Fund Month End Expense Summary – Enterprise Funds REQUESTED COUNCIL ACTION: Accept the Treasurer’s report as presented. 08/12/21 2:50 PM City of St. Joseph Page 1 Cash Balances Only Current Period: July 2021 MTDMTDCurrent FUND DescrAccountBegin YrDebitCreditBalance Last Dim 10100 GeneralG 101-10100$1,978,165.57$783,430.79$325,715.87$1,680,954.42 Employee Retirement ReserveG 102-10100$202,358.26$0.00$0.00$330,933.26 COVID-19 FEMA FundingG 103-10100-$4,505.36$0.00$0.00-$14,004.54 COVID-19 GrantsG 104-10100$0.00$388,930.46$0.00$388,930.46 Fire FundG 105-10100$705,435.36$62,607.01$70,222.81$756,063.74 Cable Access FeeG 108-10100-$1,931.83$528.30$0.00$1,723.09 Economic DevelopmentG 150-10100$111,121.79$23,759.23$21,665.99$116,559.17 TIF 4-1 Fortitude Senior AptsG 153-10100$11,148.87$10,294.18$30,974.81$14,453.35 TIF 2-1 MillstreamG 157-10100$32,821.83$6,986.54$21,006.76$35,341.38 TIF 2-2 Meat MarketG 158-10100$333.57$1,375.58$4,366.89$544.25 TIF 2-3 Bayou Blues/Alley FlatG 159-10100$3,372.23$5,360.77$17,914.39$3,318.60 State Collected Sales TaxG 200-10100$1,247,302.17$184,394.76$771.29$559,602.35 Park DedicationG 205-10100$206,206.84$12,921.00$249.70$219,915.97 Charitable GamblingG 215-10100$646.69$0.00$0.79$646.90 Lodging TaxG 220-10100$22,164.03$853.37$621.08$17,971.24 DEED CDAP GrantG 225-10100$47,311.21$0.00$55.36$44,201.85 Revolving Loan FundG 250-10100$211,383.92$1,203.72$265.61$219,864.03 2016 CIP Bonds \[govt center\]G 301-10100$35,328.95$41,789.02$52.39$135,857.51 2017A CIP Bonds \[govt center\]G 303-10100$83,571.41$3,000.00$116.65$101,218.95 2016 Street Imp \[Field St\]G 304-10100$258,985.39$7,491.99$343.62$297,898.02 2017B Street Imp \[CBD Alleys\]G 305-10100$36,330.03$4,426.44$48.74$52,230.97 2018 Equipment CertificatesG 306-10100$2,375.60$9,067.96$10.48$31,049.44 2019A Street Imp \[Overlays\]G 307-10100$111,145.56$35,185.02$303.06$199,440.77 2019A Street Imp \[Ind Park\]G 308-10100$88.30$2,912.29$282.38$6,167.28 2020A Equipment CertificatesG 309-10100$4,916.49$7,508.31$67.88$25,802.44 2020B GO Imp \[20th Ave SE\]G 310-10100$17,566.02$1,249.73$503.88$14,994.46 2021 Improve \[MN St/OverlayG 311-10100$0.00$4,649.84$0.66$4,650.23 2020B CIP Bonds \[PW Bldg\]G 312-10100$14,031.11$0.00$32.44$23,985.28 2020B Refund Bonds \[2013 StrG 313-10100$52,210.06$5,247.86$68.09$68,458.40 2020C CO Refund \[2014 Park G 314-10100$1,263.71$1,913.49$0.28$7,608.63 2010B Street Imp \[16th Ave\]G 345-10100$111,391.62$8,029.48$137.18$125,870.38 2014 Street Imp \[ParkTerrace\]G 350-10100$130,567.23$17,340.53$160.19$168,139.77 2015 Street Imp\[Clinton/North\]G 351-10100$103,281.29$30,595.76$157.41$206,466.97 2015 Equipment CertificatesG 352-10100$0.00$0.00$0.00$0.00 2015 Abatement \[Comm CenteG 353-10100$46,385.81$0.00$228.46$179,980.69 Debt Service ReliefG 390-10100$735,684.74$204,679.57$919.00$970,763.64 Community Center phase IG 402-10100$3,184.71$0.00$174.80$2,767.80 2019 Street OverlaysG 407-10100$149,845.21$0.00$0.00$110,833.46 2019 Industrial Park ExpansionG 408-10100$372,830.76$0.00$795.06$242,767.88 2020 Equipment CertificatesG 409-10100$53,980.38$0.00$14,872.32$32,910.94 2020 20th Ave Watermain LooG 410-10100$399,144.44$0.00$0.00$397,400.67 2021 MN/Alley/18/20/NorthlanG 411-10100$483.76$25,979.36$302,395.84-$418,458.43 Capital OutlayG 490-10100$601,723.59$34,946.08$10,851.47$684,328.65 WAC FundG 501-10100$499,391.14$1,787.50$0.00$533,353.64 SAC FundG 502-10100$28,754.48$1,787.50$0.00$57,616.98 Water FundG 601-10100$1,064,128.09$129,485.18$63,475.04$1,361,437.07 Sewer FundG 602-10100$627,757.97$118,058.74$15,373.82$802,670.93 Refuse CollectionG 603-10100$228,669.46$20,972.11$30,740.41$200,108.76 Storm Water UtilityG 651-10100$197,420.45$13,648.44$3,410.83$250,571.84 Street Light UtilityG 652-10100$69,495.20$5,126.27$5,199.32$74,852.84 Last Dim 10100$10,815,268.11$2,219,524.18$944,553.05$11,330,766.38 08/12/21 2:50 PM City of St. Joseph Page 2 Cash Balances Only Current Period: July 2021 MTDMTDCurrent FUND DescrAccountBegin YrDebitCreditBalance Last Dim 10200 GeneralG 101-10200$225.00$0.00$0.00$200.00 Last Dim 10200$225.00$0.00$0.00$200.00 Last Dim 10300 2020C CO Refund \[2014 Park G 314-10300$19,668.52$0.00$0.00$12,249.98 2014 Street Imp \[ParkTerrace\]G 350-10300$1,309,546.61$0.00$0.00$1,309,579.78 2015 Abatement \[Comm CenteG 353-10300$0.00$0.00$0.00$1,345,602.50 Water FundG 601-10300$430,453.39$0.00$0.00$427,615.03 Last Dim 10300$1,759,668.52$0.00$0.00$3,095,047.29 $12,575,161.63$2,219,524.18$944,553.05$14,426,013.67 08/12/21 2:02 PM City of St. Joseph Page 1 Council Month End Revenue Summary Current Period: July 2021 2021July2021 FUNDFUND DescrYTD Budget2021 AmtYTD Amt 101General$3,868,810.00$762,235.36$1,826,417.92 102Employee Retirement Reserve$7,165.00$0.00$128,575.00 103COVID-19 FEMA Funding$0.00$0.00$0.00 104COVID-19 Grants$0.00$388,930.46$388,930.46 105Fire Fund$357,080.00$61,680.45$226,523.79 108Cable Access Fee$6,800.00$528.30$3,131.87 150Economic Development$130,310.00$23,647.42$92,832.26 153TIF 4-1 Fortitude Senior Apts$100.00$10,270.80$34,287.82 157TIF 2-1 Millstream$500.00$6,939.48$23,227.22 158TIF 2-2 Meat Market$25.00$1,373.87$4,582.02 159TIF 2-3 Bayou Blues/Alley Flat$25.00$5,351.55$17,862.45 200State Collected Sales Tax$450,000.00$183,623.47$182,750.48 205Park Dedication$38,650.00$12,671.30$20,554.57 215Charitable Gambling$2,050.00-$0.79-$3.13 220Lodging Tax$12,600.00$832.29$5,123.55 225DEED CDAP Grant$850.00-$55.36-$75.08 250Revolving Loan Fund$16,285.00$938.11$7,830.88 3012016 CIP Bonds \[govt center\]$265,700.00$41,736.63$139,126.35 3032017A CIP Bonds \[govt center\]$37,800.00$2,883.35$19,325.64 3042016 Street Imp \[Field St\]$41,170.00$7,148.37$44,500.65 3052017B Street Imp \[CBD Alleys\]$29,690.00$4,377.70$17,973.07 3062018 Equipment Certificates$57,750.00$9,057.48$30,171.90 3072019A Street Imp \[Overlays\]$225,500.00$34,881.96$114,033.24 3082019A Street Imp \[Ind Park\]$341,805.00$2,629.91$51,266.30 3092020A Equipment Certificates$48,250.00$7,440.43$24,849.74 3102020B GO Imp \[20th Ave SE\]$50.00$745.85$4,147.87 3112021 Improve \[MN St/Overlays\]$0.00$4,649.18$4,650.23 3122020B CIP Bonds \[PW Bldg\]$70,335.00-$32.44$17,519.33 3132020B Refund Bonds \[2013 Str.\]$0.00$5,179.77$17,362.06 3142020C CO Refund \[2014 Park Ter$0.00$1,913.21$6,126.36 3452010B Street Imp \[16th Ave\]$44,750.00$7,892.30$18,652.15 3502014 Street Imp \[ParkTerrace\]$124,750.00$17,180.34$57,805.16 3512015 Street Imp\[Clinton/North\]$38,200.00$30,438.35$103,200.48 3522015 Equipment Certificates$0.00$0.00$0.00 3532015 Abatement \[Comm Center\]$150,715.00-$228.46$1,525,036.80 390Debt Service Relief$208,373.00$203,760.57$231,958.13 402Community Center phase I$75.00-$3.80-$5.20 4072019 Street Overlays$0.00$0.00$0.00 4082019 Industrial Park Expansion$0.00$0.00$0.00 4092020 Equipment Certificates$0.00$0.00$0.00 4102020 20th Ave Watermain Loop$0.00$0.00$0.00 4112021 MN/Alley/18/20/Northland$0.00$25,979.36$67,602.22 08/12/21 2:02 PM City of St. Joseph Page 2 Council Month End Revenue Summary Current Period: July 2021 2021July2021 FUNDFUND DescrYTD Budget2021 AmtYTD Amt 490Capital Outlay$86,915.00$20,073.76$116,911.13 501WAC Fund$227,950.00$1,787.50$33,962.50 502SAC Fund$165,950.00$1,787.50$28,862.50 601Water Fund$1,404,070.00$105,957.36$446,476.19 602Sewer Fund$1,521,320.00$117,096.04$578,800.37 603Refuse Collection$406,055.00$18,547.66$149,523.15 651Storm Water Utility$189,715.00$13,377.27$73,750.25 652Street Light Utility$92,670.00$5,036.07$28,280.30 $10,670,808.00$2,150,259.93$6,914,420.95 08/12/21 2:02 PM City of St. Joseph Page 1 Council Month End Revenue -General Fund Current Period: July 2021 2021July2021 FUNDFUND DescrSOURCE DescrYTD Budget2021 AmtYTD Amt FUND 101 General 101GeneralCurrent Ad Valorem Taxes$2,003,555.00$293,005.45$981,222.47 101GeneralSpecial Levy- City St. Joe$0.00$0.00$0.00 101GeneralState Sales Tax$0.00$0.00$0.00 101GeneralGravel Tax$2,000.00$0.00$2,113.17 101GeneralSolar Production Tax$2,000.00$0.00$0.00 101GeneralGas Franchise$35,265.00$26.50$8,524.61 101GeneralElectric Franchise$64,945.00$2,538.21$23,890.19 101GeneralLicenses & Permits$11,000.00$0.00$7,500.00 101GeneralLiquor$31,570.00$0.00$30,170.00 101GeneralOutdoor Liquor Permit$3,000.00$750.00$2,400.00 101GeneralGambling Permits$300.00$40.00$260.00 101GeneralAmusement/Hunt/Peddler/Golf$1,415.00$0.00$200.00 101GeneralExcavation Permit$500.00$0.00$150.00 101GeneralCigarette License$750.00$0.00$0.00 101GeneralCable Franchise Fee$31,635.00$1,120.77$10,743.04 101GeneralBuilding Permits$110,000.00$8,266.27$50,962.78 101GeneralAnimal License$3,140.00$105.00$3,090.00 101GeneralRental Housing Registration$34,000.00-$20.00$30,415.00 101GeneralFederal Grants - Other$65,685.00$547.28$13,418.28 101GeneralState Grants and Aids$1,150.00$0.00$0.00 101GeneralLocal Government Aid$1,000,000.00$401,063.50$401,063.50 101GeneralPERA Rate Increase Aid$0.00$0.00$0.00 101GeneralPolice Training Reim$5,500.00$0.00$0.00 101GeneralState Municipal Funds Aid$56,000.00$43,652.50$87,305.00 101GeneralState Police Aid$80,000.00$0.00$0.00 101GeneralOther Grants/Aids$0.00$0.00$4,615.24 101GeneralOther Governmental Unit$10,000.00$5,000.00$10,000.00 101GeneralCounty Grants - Road Maint.$16,400.00$0.00$0.00 101GeneralZoning and Subdivision Fee$10,000.00$400.00$3,800.00 101GeneralLand Use Deposit Fee$4,000.00$0.00$0.00 101GeneralSale of Maps and Publications$50.00$0.00$10.00 101GeneralConduit Debt Fee$0.00$0.00$0.00 101GeneralAssessments Search$6,000.00$810.00$5,370.00 101GeneralSpecial Hearing$1,500.00$0.00$0.00 101GeneralAdministration Reimb$14,000.00$46.05$352.89 101GeneralWeed Cutting$500.00$0.00$0.00 101GeneralAdmission Fee$1,500.00$0.00$0.00 101GeneralBike Share Program$285.00$171.04$619.83 101GeneralShelter/Room Rental Fees$10,600.00$600.00$10,850.00 101GeneralBall Field Donation$0.00$0.00$0.00 101GeneralSchneider Field Rental$1,100.00$0.00$1,760.00 08/12/21 2:02 PM City of St. Joseph Page 2 Council Month End Revenue -General Fund Current Period: July 2021 2021July2021 FUNDFUND DescrSOURCE DescrYTD Budget2021 AmtYTD Amt 101GeneralRents and Royalties$94,040.00$726.00$35,545.52 101GeneralKennel Fees$400.00$0.00$0.00 101GeneralCounty Fines$30,000.00$3,353.90$21,695.00 101GeneralPolicy Fines$25,000.00$74.00$15,813.47 101GeneralAccident Report Fee$1,500.00$70.00$1,157.75 101GeneralSeized Property$3,000.00$0.00$3,375.40 101GeneralBond-Forfeited Cars$0.00$0.00$0.00 101GeneralSpecial Assessments$2,000.00$576.64$1,922.15 101GeneralInterest Earnings$50,000.00-$2,389.12-$4,714.89 101GeneralInterest Charges$25.00$1.40$1.39 101GeneralCo-op Dividend - LMCIT$5,000.00$0.00$0.00 101GeneralWater Tower Antenna Lease$5,000.00$176.37$3,128.24 101GeneralAdvertising$500.00$0.00$0.00 101GeneralContributions - General$2,000.00$0.00$3,482.47 101GeneralDonation, Recreation$0.00$0.00$0.00 101GeneralContributions - Parks$500.00$105.25$363.04 101GeneralSurplus Property$0.00$0.00$1,000.00 101GeneralReimbursement$30,500.00$1,418.35$19,842.38 101GeneralInsurance Recovery$0.00$0.00$0.00 101GeneralTransfers from Other Funds$0.00$0.00$33,000.00 FUND 101 General$3,868,810.00$762,235.36$1,826,417.92 FUND 102 Employee Retirement Reserve 102Employee Retirement ResTransfers from Other Funds$7,165.00$0.00$128,575.00 FUND 102 Employee Retirement Reserve$7,165.00$0.00$128,575.00 FUND 103 COVID-19 FEMA Funding 103COVID-19 FEMA FundingLiquor$0.00$0.00$0.00 103COVID-19 FEMA FundingFederal Grants - Other$0.00$0.00$0.00 103COVID-19 FEMA FundingShelter/Room Rental Fees$0.00$0.00$0.00 103COVID-19 FEMA FundingInterest Earnings$0.00$0.00$0.00 103COVID-19 FEMA FundingReimbursement$0.00$0.00$0.00 103COVID-19 FEMA FundingTransfers from Other Funds$0.00$0.00$0.00 FUND 103 COVID-19 FEMA Funding$0.00$0.00$0.00 FUND 104 COVID-19 Grants 104COVID-19 GrantsFederal Grants - Other$0.00$388,930.46$388,930.46 104COVID-19 GrantsOther Grants/Aids$0.00$0.00$0.00 104COVID-19 GrantsInterest Earnings$0.00$0.00$0.00 FUND 104 COVID-19 Grants$0.00$388,930.46$388,930.46 FUND 108 Cable Access Fee 108Cable Access FeeCable Franchise Fee$6,800.00$528.30$3,131.87 108Cable Access FeeTransfers from Other Funds$0.00$0.00$0.00 FUND 108 Cable Access Fee$6,800.00$528.30$3,131.87 08/12/21 2:02 PM City of St. Joseph Page 3 Council Month End Revenue -General Fund Current Period: July 2021 2021July2021 FUNDFUND DescrSOURCE DescrYTD Budget2021 AmtYTD Amt FUND 150 Economic Development 150Economic DevelopmentCurrent Ad Valorem Taxes$119,905.00$19,068.23$63,559.80 150Economic DevelopmentFederal Grants - Other$0.00$0.00$24,696.25 150Economic DevelopmentOther Grants/Aids$0.00$0.00$0.00 150Economic DevelopmentTIF/MIF Deposit$0.00$0.00$0.00 150Economic DevelopmentTax Abatement Reimbursement$9,385.00$4,691.00$4,691.00 150Economic DevelopmentInterest Earnings$1,020.00-$111.81-$114.79 150Economic DevelopmentSurplus Property$0.00$0.00$0.00 150Economic DevelopmentTransfers from Other Funds$0.00$0.00$0.00 FUND 150 Economic Development$130,310.00$23,647.42$92,832.26 FUND 410 2020 20th Ave Watermain Loop 4102020 20th Ave WatermainIssuance of Debt$0.00$0.00$0.00 4102020 20th Ave WatermainBond Premium$0.00$0.00$0.00 FUND 410 2020 20th Ave Watermain Loop$0.00$0.00$0.00 FUND 411 2021 MN/Alley/18/20/Northland 4112021 MN/Alley/18/20/NortState Municipal Funds Aid$0.00$0.00$0.00 4112021 MN/Alley/18/20/NortSpecial Assessments$0.00$25,979.36$67,602.22 4112021 MN/Alley/18/20/NortIssuance of Debt$0.00$0.00$0.00 FUND 411 2021 MN/Alley/18/20/Northland$0.00$25,979.36$67,602.22 FUND 490 Capital Outlay 490Capital OutlayCurrent Ad Valorem Taxes$78,915.00$20,073.76$66,911.13 490Capital OutlayFederal Grants - Other$0.00$0.00$0.00 490Capital OutlaySurplus Property$8,000.00$0.00$0.00 490Capital OutlayReimbursement$0.00$0.00$0.00 490Capital OutlayTransfers from Other Funds$0.00$0.00$50,000.00 FUND 490 Capital Outlay$86,915.00$20,073.76$116,911.13 $4,100,000.00$1,221,394.66$2,624,400.86 08/12/21 2:02 PM City of St. Joseph Page 1 Council Month End Revenue -Enterprise Funds Current Period: July 2021 FUND2021July2021 FUNDDescrSOURCE DescrYTD Budget2021 AmtYTD Amt FUND 601 Water Fund 601Water FundWater Fixed Charge$364,150.00$26,002.94$138,413.32 601Water FundCurrent Ad Valorem Taxes$0.00$4.63-$257.42 601Water FundIssuance of Debt$0.00$0.00$0.00 601Water FundTransfers from Other Funds$186,000.00$0.00$0.00 601Water FundMDS Test Fee$17,875.00$1,105.42$6,672.23 601Water FundWater Meter$6,000.00$0.00$3,330.00 601Water FundPenalties and Forfeited Disc$6,000.00$377.35$4,543.40 601Water FundConnection/Reconnection fees$0.00$0.00$0.00 601Water FundUndesignated Funds$2,000.00-$14,616.39-$7,738.67 601Water FundBulk Water$3,500.00$130.00$994.51 601Water FundReimbursement$0.00$0.00$0.00 601Water FundWater Tower Antenna Lease$37,795.00$1,587.34$28,154.42 601Water FundAmortization of Bond Premium$0.00$0.00$0.00 601Water FundInterest Earnings$23,000.00-$2,150.44-$2,598.78 601Water FundState Sales Tax$0.00$1,919.79$1,731.27 601Water FundSpecial Assessments$500.00$99.81-$184.71 601Water FundOther Grants/Aids$0.00$0.00$0.00 601Water FundState Grants and Aids$0.00$0.00$0.00 601Water FundUsage Rate$757,250.00$91,496.91$273,416.62 601Water FundContributed Revenue$0.00$0.00$0.00 FUND 601 Water Fund$1,404,070.00$105,957.36$446,476.19 FUND 602 Sewer Fund 602Sewer FundState Grants and Aids$0.00$0.00$0.00 602Sewer FundPenalties and Forfeited Disc$7,640.00$455.64$5,179.09 602Sewer FundSanitary Sewer Use Service$792,295.00$72,232.81$340,478.04 602Sewer FundContributed Revenue$0.00$0.00$0.00 602Sewer FundReimbursement$3,750.00$0.00$0.00 602Sewer FundSurplus Property$0.00$0.00$0.00 602Sewer FundContributions - General$750.00$198.00$405.00 602Sewer FundAmortization of Bond Premium$0.00$0.00$0.00 602Sewer FundSpecial Assessments$500.00$113.57-$504.87 602Sewer FundTransfers from Other Funds$140,000.00$0.00$0.00 602Sewer FundIssuance of Debt$0.00$0.00$0.00 602Sewer FundInterest Earnings$6,000.00-$890.36-$790.35 602Sewer FundBond Premium$0.00$0.00$0.00 602Sewer FundSewer Fixed Charge$570,385.00$44,986.38$234,033.46 FUND 602 Sewer Fund$1,521,320.00$117,096.04$578,800.37 FUND 603 Refuse Collection 603Refuse CollectSpecial Assessments$200.00$75.13-$338.85 603Refuse CollectTransfers from Other Funds$0.00$0.00$0.00 603Refuse CollectContributed Revenue$0.00$0.00$0.00 603Refuse CollectInterest Earnings$6,500.00-$248.29-$392.85 603Refuse CollectPenalties and Forfeifted Disc$1,675.00$171.19$1,824.94 603Refuse CollectRefuse Collection Charges$366,260.00$18,847.26$125,383.56 603Refuse CollectState Grants and Aids$0.00$0.00$0.00 603Refuse CollectLicenses & Permits$31,420.00$815.00$24,655.00 603Refuse CollectState Sales Tax$0.00-$1,112.63-$1,963.36 603Refuse CollectReimbursement$0.00$0.00$354.71 FUND 603 Refuse Collection$406,055.00$18,547.66$149,523.15 08/12/21 2:02 PM City of St. Joseph Page 2 Council Month End Revenue -Enterprise Funds Current Period: July 2021 FUND2021July2021 FUNDDescrSOURCE DescrYTD Budget2021 AmtYTD Amt FUND 651 Storm Water Utility 651Storm Water Interest Earnings$4,000.00-$269.79-$474.86 651Storm Water Transfers from Other Funds$0.00$0.00$0.00 651Storm Water Penalties and Forfeifted Disc$1,500.00$70.88$727.08 651Storm Water Storm Water Use Service$180,015.00$13,551.92$73,607.45 651Storm Water Storm Water Develop Fee$4,000.00$0.00$0.00 651Storm Water Surplus Property$0.00$0.00$0.00 651Storm Water Special Assessments$200.00$24.26-$109.42 651Storm Water Other Grants/Aids$0.00$0.00$0.00 651Storm Water State Grants and Aids$0.00$0.00$0.00 651Storm Water Contributed Revenue$0.00$0.00$0.00 FUND 651 Storm Water Utility$189,715.00$13,377.27$73,750.25 FUND 652 Street Light Utility 652Street Light UTransfers from Other Funds$0.00$0.00$0.00 652Street Light UState Grants and Aids$0.00$0.00$0.00 652Street Light UOther Grants/Aids$0.00$0.00$0.00 652Street Light USpecial Assessments$50.00$16.79-$69.61 652Street Light UInterest Earnings$1,500.00-$89.54-$110.82 652Street Light UContributions - General$2,000.00$0.00$0.00 652Street Light USurplus Property$100.00$0.00$0.00 652Street Light UReimbursement$0.00$0.00$0.00 652Street Light UUsage Rate$88,470.00$5,080.17$28,147.48 652Street Light UPenalties and Forfeited Disc$550.00$28.65$313.25 FUND 652 Street Light Utility$92,670.00$5,036.07$28,280.30 $3,613,830.00$260,014.40$1,276,830.26 08/12/21 2:01 PM City of St. Joseph Page 1 Council Month End Expenditure - Summary Current Period: July 2021 2021July2021 DescriptionYTD Budget2021 Amt YTD Amt General$3,868,710.00$305,619.41$2,058,288.64 Employee Retirement Reserve$36,380.00$0.00$0.00 COVID-19 FEMA Funding$0.00$0.00$9,237.14 COVID-19 Grants$0.00$0.00$0.00 Fire Fund$357,080.00$69,296.25$116,708.13 Cable Access Fee$0.00$0.00$0.00 Economic Development$130,310.00$21,554.18$77,770.04 TIF 4-1 Fortitude Senior Apts$1,045.00$30,951.43$30,951.43 TIF 2-1 Millstream$1,045.00$20,959.70$20,959.70 TIF 2-2 Meat Market$555.00$4,365.18$4,365.18 TIF 2-3 Bayou Blues/Alley Flat$1,045.00$17,905.17$17,905.17 State Collected Sales Tax$410,000.00$0.00$948,309.50 Park Dedication$65,860.00$0.00$7,167.28 Charitable Gambling$2,500.00$0.00$0.00 Lodging Tax$16,050.00$600.00$9,392.35 DEED CDAP Grant$0.00$0.00$3,125.00 Revolving Loan Fund$0.00$0.00$0.00 2016 CIP Bonds \[govt center\]$272,570.00$0.00$41,171.25 2017A CIP Bonds \[govt center\]$48,000.00$0.00$3,312.50 2016 Street Imp \[Field St\]$62,500.00$0.00$6,137.50 2017B Street Imp \[CBD Alleys\]$41,880.00$0.00$3,326.25 2018 Equipment Certificates$57,300.00$0.00$2,037.50 2019A Street Imp \[Overlays\]$221,225.00$0.00$33,000.00 2019A Street Imp \[Ind Park\]$313,425.00$0.00$46,600.00 2020A Equipment Certificates$46,415.00$0.00$1,595.00 2020B GO Imp \[20th Ave SE\]$3,890.00$0.00$6,780.50 2021 Improve \[MN St/Overlays$0.00$0.00$0.00 2020B CIP Bonds \[PW Bldg\]$7,070.00$0.00$7,597.00 2020B Refund Bonds \[2013 Str.$0.00$0.00$1,775.00 2020C CO Refund \[2014 Park T$0.00$0.00$7,463.88 2010B Street Imp \[16th Ave\]$64,220.00$0.00$4,496.25 2013 Street Imp \[Overlays\]$50,840.00$0.00$0.00 2014 Street Imp \[ParkTerrace\]$181,740.00$0.00$21,217.50 2015 Street Imp\[Clinton/North\]$68,175.00$0.00$3,975.00 2015 Equipment Certificates$0.00$0.00$0.00 2015 Abatement \[Comm Center$155,560.00$0.00$39,271.46 Debt Service Relief$50,000.00$0.00$0.00 Community Center phase I$0.00$171.00$418.00 2019 Street Overlays$0.00$0.00$9,629.95 2019 Industrial Park Expansion$0.00$795.06-$27,060.26 2020 Equipment Certificates$0.00$14,872.32$18,393.84 2020 20th Ave Watermain Loop$0.00$0.00-$7,396.19 08/12/21 2:01 PM City of St. Joseph Page 2 Council Month End Expenditure - Summary Current Period: July 2021 2021July2021 DescriptionYTD Budget2021 Amt YTD Amt 2021 MN/Alley/18/20/Northlan$0.00$302,395.84$469,782.20 Capital Outlay$86,915.00-$4,020.85$34,196.42 WAC Fund$180,000.00$0.00$0.00 SAC Fund$140,000.00$0.00$0.00 Water Fund$1,617,495.00$39,947.22$274,253.05 Sewer Fund$1,784,580.00$14,411.12$477,266.26 Refuse Collection$410,625.00$28,315.96$207,046.95 Storm Water Utility$234,785.00$3,139.66$46,362.64 Street Light Utility$90,805.00$5,109.12$33,119.13 $11,080,595.00$876,387.77$5,069,948.14 08/12/21 2:01 PM City of St. Joseph Page 1 Council Month End Expenditure - General Fund Current Period: July 2021 2021July2021 DescriptionDEPART DescrYTD Budget2021 Amt YTD Amt FUND 101 General GeneralCouncil$64,475.00$1,982.46$38,685.08 GeneralLegislative Committees$4,680.00$0.00$420.00 GeneralOrdinance & Proceedings$2,225.00$0.00$377.65 GeneralMayor$11,500.00$691.93$4,379.71 GeneralElections$2,500.00$0.00$0.00 GeneralGeneral Adminstration$285,230.00$20,645.34$163,291.92 GeneralFinance$229,745.00$12,036.97$110,019.94 GeneralAudit Service$29,500.00$0.00$29,500.00 GeneralAssessing$28,000.00$0.00$28,007.76 GeneralCity Attorney$25,000.00$1,321.00$7,307.50 GeneralInformation Technology$17,570.00$909.00$21,506.96 GeneralPlanning and Zoning$226,590.00$73,193.04$115,280.25 GeneralGeneral Government$32,965.00$1,254.39$15,193.50 GeneralCity Offices$41,180.00$2,684.54$25,233.98 GeneralCable Access$2,320.00$32.04$1,118.16 GeneralCrime Control & Investigation$1,382,125.00$86,988.38$704,385.25 GeneralPolice Training$11,000.00$0.00$2,145.30 GeneralCommunication Service$9,950.00$747.64$5,819.73 GeneralAutomotive Services$33,735.00$4,301.81$25,641.39 GeneralBuilding Inspec. Admistration$96,400.00$7,500.00$47,693.57 GeneralEmergency Management$2,275.00$847.95$1,534.64 GeneralAnimal Control$1,085.00$75.00$647.78 GeneralStreet Maintanence$462,995.00$22,139.91$173,631.67 GeneralIce & Snow Removal$155,145.00$0.00$30,151.81 GeneralEngineering Fee$45,000.00$2,878.68$21,483.68 GeneralStreet Cleaning$14,485.00$65.48$508.98 GeneralSkate Park and Ice Rink$5,885.00$45.85$403.24 GeneralBall Park$3,300.00$0.00$1,887.15 GeneralMaintenance Shop$27,350.00$1,571.93$20,218.45 GeneralPark Areas$309,880.00$22,392.91$178,070.35 GeneralRecreation Department$23,725.00$44.92$3,254.68 GeneralCommunity Center$116,585.00$134.38$35,151.98 GeneralOther Financing Uses$0.00$0.00$121,935.00 GeneralFire Protection$164,310.00$41,133.86$123,401.58 FUND 101 General$3,868,710.00$305,619.41$2,058,288.64 FUND 102 Employee Retirement Reserve Employee Retirement ReservGeneral Adminstration$0.00$0.00$0.00 Employee Retirement ReservCrime Control & Investigation$0.00$0.00$0.00 Employee Retirement ReservStreet Maintanence$18,190.00$0.00$0.00 Employee Retirement ReservPark Areas$18,190.00$0.00$0.00 Employee Retirement ReservOther Financing Uses$0.00$0.00$0.00 08/12/21 2:01 PM City of St. Joseph Page 2 Council Month End Expenditure - General Fund Current Period: July 2021 2021July2021 DescriptionDEPART DescrYTD Budget2021 Amt YTD Amt FUND 102 Employee Retirement Reserve$36,380.00$0.00$0.00 FUND 103 COVID-19 FEMA Funding COVID-19 FEMA FundingElections$0.00$0.00$0.00 COVID-19 FEMA FundingEmergency Management$0.00$0.00$9,237.14 FUND 103 COVID-19 FEMA Funding$0.00$0.00$9,237.14 FUND 104 COVID-19 Grants COVID-19 GrantsElections$0.00$0.00$0.00 COVID-19 GrantsGeneral Adminstration$0.00$0.00$0.00 COVID-19 GrantsGeneral Government$0.00$0.00$0.00 COVID-19 GrantsCrime Control & Investigation$0.00$0.00$0.00 COVID-19 GrantsFire Fighting$0.00$0.00$0.00 COVID-19 GrantsEmergency Management$0.00$0.00$0.00 COVID-19 GrantsStreet Maintanence$0.00$0.00$0.00 COVID-19 GrantsMaintenance Shop$0.00$0.00$0.00 COVID-19 GrantsPark Areas$0.00$0.00$0.00 COVID-19 GrantsCommunity Center$0.00$0.00$0.00 COVID-19 GrantsEconomic Development Authority$0.00$0.00$0.00 FUND 104 COVID-19 Grants$0.00$0.00$0.00 FUND 108 Cable Access Fee Cable Access FeeCable Access$0.00$0.00$0.00 Cable Access FeeOther Financing Uses$0.00$0.00$0.00 FUND 108 Cable Access Fee$0.00$0.00$0.00 FUND 150 Economic Development Economic DevelopmentEconomic Development Authority$130,310.00$21,554.18$77,770.04 Economic DevelopmentOther Financing Uses$0.00$0.00$0.00 FUND 150 Economic Development$130,310.00$21,554.18$77,770.04 FUND 410 2020 20th Ave Watermain Loop 2020 20th Ave Watermain LStreet Maintanence$0.00$0.00-$7,396.19 FUND 410 2020 20th Ave Watermain Loop$0.00$0.00-$7,396.19 FUND 411 2021 MN/Alley/18/20/Northland 2021 MN/Alley/18/20/NorthlStreet Maintanence$0.00$302,395.84$436,782.20 2021 MN/Alley/18/20/NorthlOther Financing Uses$0.00$0.00$33,000.00 FUND 411 2021 MN/Alley/18/20/Northland$0.00$302,395.84$469,782.20 FUND 490 Capital Outlay Capital OutlayGeneral Adminstration$4,500.00$0.00$0.00 Capital OutlayCrime Control & Investigation$1,850.00-$14,872.32$1,970.00 Capital OutlayCommunication Service$3,290.00$0.00$7,633.65 Capital OutlayAutomotive Services$7,375.00$593.76$6,883.76 Capital OutlayEmergency Management$1,500.00$0.00$0.00 Capital OutlayStreet Maintanence$2,250.00$0.00$5,387.25 Capital OutlayIce & Snow Removal$19,500.00$0.00$0.00 08/12/21 2:01 PM City of St. Joseph Page 3 Council Month End Expenditure - General Fund Current Period: July 2021 2021July2021 DescriptionDEPART DescrYTD Budget2021 Amt YTD Amt Capital OutlayStreet Cleaning$2,000.00$0.00$0.00 Capital OutlayMaintenance Shop$11,250.00$257.71$257.71 Capital OutlayPark Areas$33,400.00$10,000.00$12,064.05 Capital OutlayCommunity Center$0.00$0.00$0.00 Capital OutlayOther Financing Uses$0.00$0.00$0.00 FUND 490 Capital Outlay$86,915.00-$4,020.85$34,196.42 $4,122,315.00$625,548.58$2,641,878.25 08/12/21 2:01 PM City of St. Joseph Page 1 Council Month End Expense - Enterprise Funds Current Period: July 2021 2021July2021 DescriptionDEPART DescrYTD Budget2021 Amt YTD Amt FUND 601 Water Fund Water FundBond Payment (P & I)$687,915.00$5,800.00$44,081.65 Water FundOther Financing Uses$2,795.00$0.00$19,295.00 Water FundPower and Pumping$22,900.00$688.14$2,601.30 Water FundPurification-Plant 1$46,750.00$1,646.02$13,084.38 Water FundPurification-Plant 2$89,120.00$9,589.48$43,430.71 Water FundDistribution$10,000.00$2,785.70$10,598.39 Water FundWellhead Protection$3,000.00$0.00$0.00 Water FundStorage-Tower 1$19,100.00$1,653.73$5,478.44 Water FundWater Maintenance$259,590.00$15,338.40$122,933.70 Water FundAdministration and General$26,325.00$2,445.75$12,749.48 Water FundDepreciation Expense$450,000.00$0.00$0.00 FUND 601 Water Fund$1,617,495.00$39,947.22$274,253.05 FUND 602 Sewer Fund Sewer FundBond Payment (P & I)$140,605.00$0.00-$22,504.83 Sewer FundOther Financing Uses$8,585.00$0.00$18,575.00 Sewer FundSanitary Sewer Maintenanc$223,555.00$10,517.18$129,779.33 Sewer FundLift Station-Baker Street$6,935.00$278.43$2,424.12 Sewer FundLift Station-Ridgewood/DBL$2,975.00$136.20$892.21 Sewer FundLift Station-Northland$4,600.00$76.06$573.88 Sewer FundLift Station-CR 121$15,200.00$109.96$816.26 Sewer FundLift Station-Main$855,455.00$1,677.81$334,774.09 Sewer FundAdministration and General$26,670.00$1,615.48$11,936.20 Sewer FundDepreciation Expense$500,000.00$0.00$0.00 FUND 602 Sewer Fund$1,784,580.00$14,411.12$477,266.26 FUND 603 Refuse Collection Refuse CollectioWaste Collection$403,520.00$28,315.96$196,621.95 Refuse CollectioOther Financing Uses$430.00$0.00$10,425.00 Refuse CollectioDepreciation Expense$6,675.00$0.00$0.00 FUND 603 Refuse Collection$410,625.00$28,315.96$207,046.95 FUND 651 Storm Water Utility Storm Water UtiOther Financing Uses$14,730.00$0.00$8,345.00 Storm Water UtiAdministration and General$15,795.00$748.05$7,549.79 Storm Water UtiStorm Water Maintenance$89,260.00$2,391.61$30,467.85 Storm Water UtiDepreciation Expense$115,000.00$0.00$0.00 FUND 651 Storm Water Utility$234,785.00$3,139.66$46,362.64 FUND 652 Street Light Utility Street Light UtiliStreet Lighting$90,805.00$5,109.12$33,119.13 Street Light UtiliOther Financing Uses$0.00$0.00$0.00 FUND 652 Street Light Utility$90,805.00$5,109.12$33,119.13 08/12/21 2:01 PM City of St. Joseph Page 2 Council Month End Expense - Enterprise Funds Current Period: July 2021 2021July2021 DescriptionDEPART DescrYTD Budget2021 Amt YTD Amt $4,138,290.00$90,923.08$1,038,048.03 ______ MEETING DATE: August 16, 2021 AGENDA ITEM: Donations and Contributions SUBMITTED BY: Finance BOARD/COMMISSION/COMMITTEE RECOMMENDATION: N/A PREVIOUS COUNCIL ACTION: None BACKGROUND INFORMATION: Minnesota Statute 465.03 requires that all gifts and donations of real or personal property be accepted only with the adoption of a resolution approved by two-thirds of the members of the City Council. By accepting the donations, the city is accepting the intent of the donations. The in-kind donations are estimates. Total Dog Park cash donations received through 7/31/21 = $5,936 + $1,149 for pavers and refreshments. Total Jacob Wetterling Rec Center donations received through 7/31/21 = $3,041. BUDGET/FISCAL IMPACT: $303.25 ATTACHMENTS: Request for Council Action: Donations Resolution 2021-047 Accepting Donations REQUESTED COUNCIL ACTION: Consider approval Resolution 2021-047 Accepting Donations. RESOLUTION 2021-047 RESOLUTION ACCEPTED DONATION(S) WHEREAS, The City of St. Joseph is generally authorized to accepts gifts and bequests pursuant to Minnesota Statutes Section 465.03 and Minnesota Statutes Section 471.17 for the benefit of its citizens; and WHEREAS, said Minnesota Statute 465.03 requires that all gifts and donations of real or personal property be accepted only with the adoption of a resolution approved by two-thirds of the members of the City Council; and WHEREAS, the following person/persons and/or entity/entities has/have donated real and/or personal property as follows: DONOR METHOD PURPOSE AMOUNT Anonymous Cash Dog Park $21.00 Anonymous Cash Archery Range $20.00 Anonymous Cash Disc Golf $64.25 Anonymous Cash RV Dump $198.00 WHEREAS, all such donations have been contributed to assist the various city departments and programs as allowed by law; and WHEREAS, the City Council finds that it is appropriate to accept the donations offered. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF ST. JOSEPH, MINNESOTA, AS FOLLOWS: 1. The donations described above are accepted. 2. The Finance Department is hereby directed to issue receipts to each donor acknowledging the city’s receipt of the donors’ donations. th ADOPTED by the City Council this 16day of August, 2021. CITY OF ST. JOSEPH Rick Schultz, Mayor ATTEST Therese Haffner, Administrator CouncilAgenda Item 4 MEETING DATE: , 2021 AGENDA ITEM: Bad Habit Lease Extension SUBMITTED BY: Administration BACKGROUND INFORMATION: In 2017, the City entered into a lease agreement with Bad Habit st Brewing Company for the former St. Joseph Fire Garage located at 25 1 Avenue NW. That contract expired on December 31, 2020 and was extended until Ju 3, 2021. The lease payment would equate to the 2020 rates and tenant would continue to pay the utilities and taxes for the property. BUDGET/FISCAL IMPACT: None ATTACHMENTS: REQUESTED COUNCIL ACTION: Approve the lease extension between the City of St. Joseph and Bad Habit Brewing Company for a period of 1 month, 1, 2021 – 3, 2021. Council Agenda Item 6a ______ MEETING DATE: August 16, 2021 AGENDA ITEM: Tammy Omdal - Debt Management Study SUBMITTED BY: Finance /Financial Advisor BOARD/COMMISSION/COMMITTEE RECOMMENDATION: None PREVIOUS COUNCIL ACTION: None BACKGROUND INFORMATION: Annually, Tammy Omdal, financial advisor from Northland Securities, prepares an analysis of the outstanding bonds held by the City of St. Joseph. The 2021 debt study (with balances as of 12/31/20 plus the 2021A bond issue) will presented and handed out at the meeting. Tammy prepared with the assistance of Finance. The debt study provides information of what the required tax levies and other revenue sources should be, what debts might be a candidate to refund or payoff early, how many years remain on each debt, and the summary of the debt costs versus the requirements to pay the total debt. BUDGET/FISCAL IMPACT: Information Only ATTACHMENTS: Request for Council Action – Debt Management Study REQUESTED COUNCIL ACTION: The debt management study is information only for the council. The study assists with budget and the fee schedule preparation. - RC 18 Y h g p n i 1 D t e 2 e s 0 e U o 2 J M , T l 6 . i 1 S t c t n S s u u f T o g o C B u y y A t E t i i C C D Tammy Omdal, Northland - 2 RC 18 r e v o C o t s PurposeStudy approachOverview of outstanding obligations and source of revenue for repaymentCredit Ratings m e t I - 3 RC 18 e s o p City uses the issuance of debt as an important and essential tool for financing capitalOngoing debt management is important to monitor the repayment of debt obligations and to be well prepared for the future issuance of debtStudy is intended to serve as a guide for the City’s financial management of its debt obligationsAll debt obligations identified by the City are included in the StudyStudy is built around identified key assumptions, including assumptions for future revenue sources r u P - 4 RC 18 h c a o r p p A y Cash balances and verification of current source of funds for debt payment d Steps taken as part of the study process included the City providing information on past financial informationInformation was organized, analyzed, and used to support the development of financial plans for each series of debt outstanding by purposeStudy did not include a review of the utility funds to verify rates are set at a level sufficient to meet existing outstanding debt obligations u t S - 5 RC 18 Bonds and need for other 2016B ” rating from S&P w - e i v City should continue to monitor receipt of special assessments for the sources of revenue (sales tax and tax levy) while assessments remain deferred“AAStrong managementRapid amortization of debtVery strong liquidity and budgetary flexibility r City demonstrates strong financial management of its debt obligations Bond rating e v O - RC 18 - RC 18 Millions - RC 18 - RC 18 100% 98% 96% 94% 92% 90% 87% 83% 77% 70% 63% 56% 46% 37% 27% Percent of Outstanding Debt Amortized - RC 18 - RC 18 - RC 18 - RC 18 - RC 18 - 15 RC 18 term - ' long - looking opinion - g n i t a R t i d S&P Global Ratings assigns its ‘AArating to the City’s outstanding general obligation bonds Credit rating is a forwardabout the creditworthiness of the CityRating opinion reflects S&Ps' view of the City's capacity and willingness to meet its financial commitments as they come due e r C - 16 RC 18 rated - rated - Term Issue Credit - ' has the highest rating assigned ' differs from the highest ' is somewhat more susceptible to AAAAAA g n i t a R t i An obligation rated 'by S&P. The obligor's capacity to meet its financial commitments on the obligation is extremely strong. An obligation rated 'obligations only to a small degree. The obligor's capacity to meet its financial commitments on the obligation is very strong. An obligation rated ' the adverse effects of changes in circumstances and economic conditions than obligations in highercategories. However, the obligor's capacity to meet its financial commitments on the obligation is still strong. d Definitions of S&Ps’ LongRatings by Categories e r C - 17 RC 18 Term Rating Scale - g n i t a R - - t i - d Example of S&P Long AAAAA+AAAAA+AABBB+BBBBBB e r C - 18 RC 18 2920 - 851 - 800 Northland Securities, Inc. Northland Public Finance The public finance group of Minneapolis, Minnesota 55402 150 South Fifth Street, Suite 3300 www.northlandsecurities.com/public_finance Member of FINRA and SIPC | Registered with SEC and MSRB 4964 - u 851 - o Y Tammy Omdal 612 Managing Director k n The information contained in this presentation has been derived from sources believed to be reliable but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the material discussed. The opinions expressed herein do not necessarily reflect those of Northland Securities, Inc., and are subject to change without notice. a tomdal@northlandsecurities.com h T 8/16/2021 NorthlandSecurities,Inc. PreparedbyNorthlandPublicFinance 150SouthFifthStreet,Suite3300,Minneapolis,MN55402 MemberFINRAandSIPC|RegisteredwithSECandMSRB DebtStudyforYear2021 CityofSt.Joseph Main:(612)851-5900/Direct:(612)851-4964/Email:tomdal@northlandsecurities.com NorthlandSecurities,Inc. 150SouthFifthStreet,Suite3300,Minneapolis,MN55402 MemberFINRAandSIPC|RegisteredwithSECandMSRB Main:(612)851-5900/Direct:(612)851-4964/Email:tomdal@northlandsecurities.com August4,2021LoriBartlett,FinanceDirectorCityofSaintJoseph75CallawayStESaintJoseph,MN56374 RE:2021DebtStudy(the“Study”)DearLori:NorthlandhascompletedastudyoftheCity’sexistingdebtoutstandingandestimate dsourcesofrevenueforrepayment.ThisstudywascompletedatthedirectionoftheCity.TheCityusestheissuanceofdebtasanimportantandessentialtoolforfinancingtheconstructionofpublicimprovementsandtoacquirecapitale quipment.Ongoingdebtmanagementisimportanttomonitortherepaymentofexistingdebtobligationsandtobewellpreparedforthefutureissuanceofdebt.TheStudyisintendedtoserveasaguidefortheCity’sfinancialmanagementof itsdebtobligations.AlldebtobligationsidentifiedbytheCityareincludedintheStudy.TheStudyisbuiltaroundidentifiedkeyassumptions,includingassumptionsforfuturerevenuesources.Thisincludesestimatesforthepaym entofoutstandingspecialassessments.TotheextenttheassumptionsintheStudychangeinthemonthsandyearsahead,whichtheywill,theCitywillneedtocontinuetoadjustitsfinancialandbudgetplansaccordingly.Thestepstaken aspartofthestudyprocessincludedtheCityprovidinginformationtoNorthlandonpastfinancialinformation,includingcashbalancesandverificationofcurrentsourceoffundsfordebtpayment.InformationprovidedbytheCitywa sorganized,analyzed,andusedtosupportthedevelopmentoffinancialplansforeachseriesofdebtoutstandingbypurpose.TheStudyincludedreconciliationtotheCity’smostrecentauditedfinancialstatementsbyNorthland.TheS tudydidnotincludeareviewoftheutilityfundstoverifyratesaresetataleveltomeetexistingoutstandingdebtobligations.Sincerely,NORTHLANDSECURITIESTammyOmdalManagingDirector 789 10111213141516171819 PageNumber TABLEOFCONTENTS Chart1–TaxLevyforDebtServiceChart2–DebtOutstandingatYearEndChart3–SourceofRevenueforPaymentonDebtOutstandingChart4–AmortizationofDebtOutstandingChart5–DebtServicePaidfromWaterRevenuesChart6–DebtServi cePaidfromSanitarySewerRevenuesChart7–DebtServicePaidfromSpecialAssessmentRevenuesChart8–DebtServicePaidfromSalesTaxRevenueChart9–DebtServicePaidfromAllOtherRevenueSourcesG.O.WastewaterTreatmentBonds ,Series2010G.O.ImprovementBonds,Series2010B-RefundingPortionG.O.ImprovementBonds,Series2010B-NewMoneyPortionG.O.WaterRevenueCrossoverRefundingBonds,Series2012A LetterofTransmittalOutstandingDebtBalancesbySeriesandPurpose1SummaryofExistingDebtOutstanding,TotalPaymentsandTotalRevenueSources2SummaryofDebtOutstandingbySeriesandPortion3SummaryofTaxLevyforDebtSer vice5ChartsofDataFinancialPlansbyBondSeriesandPurpose TABLEOFCONTENTS 20212223242526272829303132333435363738394041 PageNumber G.O.Bonds,Series2013A-ImprovementPortionG.O.Bonds,Series2013A-SewerPortionG.O.SewerRevenueBonds,Series2013BG.O.Bonds,Series2014A-ImprovementPortionG.O.Bonds,Series2014A–SystemPortionG.O.Bonds,Series2 015A-ImprovementPortionG.O.Bonds,Series2015A-EquipmentPortionG.O.TaxAbatementBonds,Series2015BG.O.CapitalImprovementPlanBonds,Series2016AG.O.ImprovementBonds,Series2016BAllocationofSt.CloudPFALoan,20 15G.O.CapitalImprovementPlanBonds,Series2017AG.O.Bonds,Series2017B-ImprovementPortionG.O.Bonds,Series2017B-SystemPortionCityPortionofSt.Cloud2017PublicFacilitiesAuthorityLoanG.O.Bonds,Series2018A-Equ ipmentCertificatesG.O.ImprovementBonds,Series2019A-CityImprovementPortionG.O.ImprovementBonds,Series2019A-IndustrialParkImprovementPortionG.O.EquipmentCertificatesofIndebtedness,Series2020AG.O.Bonds, Series2020B(ImprovementPortion)G.O.Bonds,Series2020B(CIPPortion)G.O.Bonds,Series2020B(Refund2013ABonds,SewerPortion) TABLEOFCONTENTS 424344454647 PageNumber AvenueImprovementPortion) th G.O.Bonds,Series2020B(Refund2013ABonds,ImprovementPortion)TaxableG.O.CrossoverRefundingBonds,Series2020C(ImprovementPortion)TaxableG.O.CrossoverRefundingBonds,Series2020C(UtilityPortion)PreliminaryG. O.Bonds,Series2021A(20PreliminaryG.O.Bonds,Series2021A(ImprovementPortion)PreliminaryG.O.Bonds,Series2021A(RefundingPortion) TABLEOFCONTENTS -------- 70,000 240,000395,000245,000540,000256,641168,000204,000110,000177,000625,000690,000925,000145,000445,000 1 Bonds Page of12/31/2021 Outstandingas TotalProjected ------------3,365,000------1,458,259--1,225,000-1,730,000------1,365,000--1,870,000-1,320,000-2,435,000 10.3%100.0% 2,296,7262,296,726 NotesPayable CityofSt.Cloud) (BondsIssuedby ------------------------- Bonds G.O.Revenue -------395,000--------256,641---70,000-1,458,259-------925,000---445,000---2,435,000-5,984,9002,296,72622,300,625 0.0%26.8% Bonds G.O.Tax Abatement --------------------- 42.6% 240,000245,000540,000204,000625,000145,000 1,225,0001,730,0001,365,0001,870,0001,320,000 Assessment) Bonds(Special G.O.Improvement --------------------------- 20.2% 168,000110,000177,000690,000 3,365,0004,510,0009,509,000 G.O.Bonds BondSeries ProjectedOutstandingDebtBalancesbySeriesandPurpose,asof12/31/2021 G.O.WastewaterTreatmentBonds,Series2010G.O.ImprovementBonds,Series2010B-RefundingPortionG.O.ImprovementBonds,Series2010B-NewMoneyPort ionG.O.WaterRevenueCrossoverRefundingBonds,Series2012AG.O.Bonds,Series2013A-ImprovementPortionG.O.Bonds,Series2013A-SewerPortionG.O.SewerRevenueBonds,Series2013BG.O.Bonds,Series2014A-ImprovementPorti onG.O.Bonds,Series2014A-SystemPortionG.O.Bonds,Series2015A-ImprovementPortionG.O.Bonds,Series2015A-EquipmentPortionG.O.TaxAbatementBonds,Series2015BG.O.CapitalImprovementPlanBonds,Series2016AG.O.Impr ovementBonds,Series2016BAllocationofSt.CloudPFALoan2016G.O.CapitalImprovementPlanBonds,Series2017AG.O.Bonds,Series2017B-ImprovementPortionG.O.Bonds,Series2017B-SystemPortionCityportionofSt.CloudPubli c2017FacilitiesAuthority(PFA)LoanG.O.Bonds,Series2018A-EquipmentCertificatesG.O.ImprovementBonds,Series2019A-CityImprovementPortionG.O.ImprovementBonds,Series2019A-IndustrialParkImprovementPortionG.O .EquipmentCertificatesofIndebtedness,Series2020AG.O.Bonds,Series2020B(ImprovementPortion)G.O.Bonds,Series2020B(CIPPortion)G.O.Bonds,Series2020B(Refund2013ABonds,SewerPortion)G.O.Bonds,Series2020B(Ref und2013ABonds,ImprovementPortion)TaxableG.O.CrossoverRefundingBonds,Series2020C(ImprovementPortion)TaxableG.O.CrossoverRefundingBonds,Series2020C(UtilityPortion)PRELIMINARYG.O.Bonds,Series2021A(20thA veImprovementPortion)PRELIMINARYG.O.Bonds,Series2021A(ImprovementPortion)PRELIMINARYG.O.Bonds,Series2021A(RefundingPortion)Total%ofTotal CityofSt.Joseph,MN Balance 2 EndingCash 01,534,92201,534,92201,534,92201,534,92201,534,922 Page Total Levy NetTax Revenues Less:Other 000104,8371,534,922 000000000000000 Income Less:Interest 09960441,429568,0551,496,85609820388,622514,6861,507,74201,0410386,685512,2481,520,31901,1160379,431504,4991,529,930 000000 Less:Sales TaxRevenue 05,0008,0020918,1122,219,1541,337,83305,0008,3730897,1052,132,6241,384,13805,0008,6650865,6972,078,5361,443,21505,0007,0370859,0211,776,0371,474,07205,0002,5060778,9431,326,4651,496,80805,0002,437060 4,597856,0491,498,49305,0001,1810452,104654,1111,492,5570000 0 00000 Water Less:Storm Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS 0000000000 Sewer Less:Sanitary 0104,837000000 Assessments Less:Special 00000 105%ofLevy 00000 30,637,24032,169,1025,218,9297,527,6834,433,33679,500230,00090,158273,96812,713,45230,567,026 toTaxLevy P&ISubject 099,845104,83700000 Debt Outstanding 00000 00000 00000 98,7641,08199,845 DEBTSERVICEPAYMENTS 782,49871,865854,3632,651,914854,363897,08190,150109,81944,046603,54256,505660,0472,048,372660,047693,04942,826109,85243,148519,58644,171563,7571,528,786563,757591,94420,757104,8730470,63033,170503,8 001,058,156503,800528,98920,201104,8810476,67422,998499,672581,482499,672524,65519,645104,8780482,71812,170494,88898,764494,888519,63219,089104,8620 26,895,7813,743,94030,639,721 YEAR FiscalPrincipalInterestTotal 20212,189,256509,7702,699,02522,300,6252,699,0252,833,977550,426664,247637,79613,2505,0008,2086,750725,5002,611,1761,122,80520222,654,951471,2783,126,22919,645,6743,126,2293,282,541579,105668,897682, 93213,2505,0007,039141,0451,123,4333,220,7011,217,27720232,618,538405,8863,024,42417,027,1363,024,4243,175,645567,206669,585609,59413,2505,0007,91536,0001,123,8643,032,4141,225,26720242,579,003355,13 42,934,13814,448,1332,934,1383,080,844535,460663,697622,55113,2505,0007,88736,0001,075,8942,959,7381,250,86720252,565,037309,0762,874,11211,883,0972,874,1123,017,818513,827667,219622,99213,2505,0007, 87536,0001,037,0152,903,1771,279,93320261,903,842257,4112,161,2539,979,2552,161,2532,269,316480,203668,060139,77720271,871,975214,3442,086,3208,107,2802,086,3202,190,636460,022608,012154,11220281,848 ,648170,8112,019,4596,258,6322,019,4592,120,432432,849614,020152,30620291,614,217130,9631,745,1804,644,4151,745,1801,832,439402,937461,96540,07720301,210,00393,7261,303,7293,434,4121,303,7291,368,915 98,461402,08839,468203120322033203420352036203720382039204020412042 SummaryofProjected:DebtOutstanding,TotalPaymentsandTotalRevenueSources,asof12/31/2021 CityofSt.Joseph,MN 3 Page ---------------- --------------- --------------- ----------- ---------- --------- -------- 2021202220232024202520262027 70,000 240,000185,000125,00065,000395,000350,000305,000260,000210,000160,000110,000245,000185,000125,00065,000540,000490,000440,000390,000340,000290,000240,000256,641206,283155,463104,18152,322-168,000126,0 0084,00042,000204,000170,000136,000102,00068,00034,000-110,00056,000177,000134,00090,00045,000625,000560,000495,000430,000365,000300,000240,000690,000630,000570,000510,000450,000390,000330,000925,000 800,000670,000540,000410,000275,000140,000145,000100,00050,000445,000405,000365,000325,000285,000250,000210,000 2,296,7262,059,0711,817,1261,571,1171,320,5921,065,663806,2193,365,0003,170,0002,975,0002,775,0002,570,0002,360,0002,145,0001,458,2591,374,3211,289,5481,203,8361,117,1841,029,592941,0611,225,0001,070 ,000915,000760,000605,000450,000300,0001,730,0001,510,0001,290,0001,075,000860,000645,000430,0001,365,0001,220,0001,070,000925,000775,000625,000470,0001,870,0001,745,0001,620,0001,495,0001,370,0001,2 45,0001,120,0001,320,0001,185,0001,050,000915,000780,000650,000520,0002,435,0001,915,0001,390,000850,000305,000210,000105,000 22,300,62519,645,67417,027,13614,448,13311,883,0979,979,2558,107,280 SummaryofProjectedDebtOutstandingbySeriesandPortion,asof12/31/2021CollectionYear G.O.WastewaterTreatmentBonds,Series2010G.O.ImprovementBonds,Series2010B-RefundingPortionG.O.ImprovementBonds,Series201 0B-NewMoneyPortionG.O.WaterRevenueCrossoverRefundingBonds,Series2012AG.O.Bonds,Series2013A-ImprovementPortionG.O.Bonds,Series2013A-SewerPortionG.O.SewerRevenueBonds,Series2013BG.O.Bonds,Series2014A-I mprovementPortionG.O.Bonds,Series2014A-SystemPortionG.O.Bonds,Series2015A-ImprovementPortionG.O.Bonds,Series2015A-EquipmentPortionG.O.TaxAbatementBonds,Series2015BG.O.CapitalImprovementPlanBonds,Seri es2016AG.O.ImprovementBonds,Series2016BAllocationofSt.CloudPFALoan2016G.O.CapitalImprovementPlanBonds,Series2017AG.O.Bonds,Series2017B-ImprovementPortionG.O.Bonds,Series2017B-SystemPortionCityportion ofSt.CloudPublic2017FacilitiesAuthority(PFA)LoanG.O.Bonds,Series2018A-EquipmentCertificatesG.O.ImprovementBonds,Series2019A-CityImprovementPortionG.O.ImprovementBonds,Series2019A-IndustrialParkImprov ementPortionG.O.EquipmentCertificatesofIndebtedness,Series2020AG.O.Bonds,Series2020B(ImprovementPortion)G.O.Bonds,Series2020B(CIPPortion)G.O.Bonds,Series2020B(Refund2013ABonds,SewerPortion)G.O.Bonds, Series2020B(Refund2013ABonds,ImprovementPortion)TaxableG.O.CrossoverRefundingBonds,Series2020C(ImprovementPortion)TaxableG.O.CrossoverRefundingBonds,Series2020C(UtilityPortion)PRELIMINARYG.O.Bonds,Se ries2021A(20thAveImprovementPortion)PRELIMINARYG.O.Bonds,Series2021A(ImprovementPortion)PRELIMINARYG.O.Bonds,Series2021A(RefundingPortion)Total CityofSt.Joseph,MN 0 --------------------- ---------- 4 Page ----------------------------- ---- ------------------------- ----------------------------- ---------------------------- -------------------------- Continuedfrompriorpage ------------------------ ----------------- ----- ------------------- ------------------- 2028202920302031203220332034203520362037 55,000- 542,146273,444- 190,000140,00090,00045,000-851,486760,971669,412576,914483,372388,786293,156196,48298,764-150,000-215,000-180,000120,00060,000-275,000220,000165,000110,00055,000-315,000160,000-170,000130,00090,00045 ,000-995,000870,000745,000620,000495,000370,000245,000120,000-390,000260,000130,000- 1,930,0001,710,0001,485,0001,255,0001,015,000770,000520,000265,000-6,258,6324,644,4153,434,4122,651,9142,048,3721,528,7861,058,156581,48298,764 SummaryofProjectedDebtOutstandingbySeriesandPortion,asof12/31/2021CollectionYear G.O.WastewaterTreatmentBonds,Series2010G.O.ImprovementBonds,Series2010B-RefundingPortionG.O.ImprovementBonds,Series201 0B-NewMoneyPortionG.O.WaterRevenueCrossoverRefundingBonds,Series2012AG.O.Bonds,Series2013A-ImprovementPortionG.O.Bonds,Series2013A-SewerPortionG.O.SewerRevenueBonds,Series2013BG.O.Bonds,Series2014A-I mprovementPortionG.O.Bonds,Series2014A-SystemPortionG.O.Bonds,Series2015A-ImprovementPortionG.O.Bonds,Series2015A-EquipmentPortionG.O.TaxAbatementBonds,Series2015BG.O.CapitalImprovementPlanBonds,Seri es2016AG.O.ImprovementBonds,Series2016BAllocationofSt.CloudPFALoan2016G.O.CapitalImprovementPlanBonds,Series2017AG.O.Bonds,Series2017B-ImprovementPortionG.O.Bonds,Series2017B-SystemPortionCityportion ofSt.CloudPublic2017FacilitiesAuthority(PFA)LoanG.O.Bonds,Series2018A-EquipmentCertificatesG.O.ImprovementBonds,Series2019A-CityImprovementPortionG.O.ImprovementBonds,Series2019A-IndustrialParkImprov ementPortionG.O.EquipmentCertificatesofIndebtedness,Series2020AG.O.Bonds,Series2020B(ImprovementPortion)G.O.Bonds,Series2020B(CIPPortion)G.O.Bonds,Series2020B(Refund2013ABonds,SewerPortion)G.O.Bonds, Series2020B(Refund2013ABonds,ImprovementPortion)TaxableG.O.CrossoverRefundingBonds,Series2020C(ImprovementPortion)TaxableG.O.CrossoverRefundingBonds,Series2020C(UtilityPortion)PRELIMINARYG.O.Bonds,Se ries2021A(20thAveImprovementPortion)PRELIMINARYG.O.Bonds,Series2021A(ImprovementPortion)PRELIMINARYG.O.Bonds,Series2021A(RefundingPortion)Total CityofSt.Joseph,MN 5 Page - ------ ---------------- -------------------------------137,583130,947130,650130,156129,531128,709-106,350103,417103,744103,85998,58198,397------ -------------------------------------------------------------70,00075,00075,00075,00065,00065,000-60,00065,00070,00070,00070,00070,000 2021202220232024202520262027 5,0005,0005,0005,0005,0005,0005,000 15,00015,00015,00015,00010,000-25,00030,00035,00035,00035,000-20,00025,00025,00025,00030,00025,00025,00057,50056,50055,500---48,00048,00048,00048,00048,000-25,00035,00036,00038,500-- 110,000-----265,000265,000265,000265,000270,000270,000270,000155,000150,000140,000130,000120,000110,00090,000 725,5001,123,4331,123,8641,075,8941,037,015918,112897,105 SummaryofProjectedTaxLevyforDebtServiceCollectionYear G.O.WastewaterTreatmentBonds,Series2010G.O.ImprovementBonds,Series2010B-RefundingPortionG.O.ImprovementBonds,Series2010B-NewMoneyPortionG.O.Water RevenueCrossoverRefundingBonds,Series2012AG.O.Bonds,Series2013A-ImprovementPortionG.O.Bonds,Series2013A-SewerPortionG.O.SewerRevenueBonds,Series2013BG.O.Bonds,Series2014A-ImprovementPortionG.O.Bonds, Series2014A-SystemPortionG.O.Bonds,Series2015A-ImprovementPortionG.O.Bonds,Series2015A-EquipmentPortionG.O.TaxAbatementBonds,Series2015BG.O.CapitalImprovementPlanBonds,Series2016AG.O.ImprovementBonds ,Series2016BAllocationofSt.CloudPFALoan2016G.O.CapitalImprovementPlanBonds,Series2017AG.O.Bonds,Series2017B-ImprovementPortionG.O.Bonds,Series2017B-SystemPortionCityportionofSt.CloudPublic2017Facilit iesAuthority(PFA)LoanG.O.Bonds,Series2018A-EquipmentCertificatesG.O.ImprovementBonds,Series2019A-CityImprovementPortionG.O.ImprovementBonds,Series2019A-IndustrialParkImprovementPortion------G.O.Equip mentCertificatesofIndebtedness,Series2020AG.O.Bonds,Series2020B(ImprovementPortion)G.O.Bonds,Series2020B(CIPPortion)G.O.Bonds,Series2020B(Refund2013ABonds,SewerPortion)G.O.Bonds,Series2020B(Refund201 3ABonds,ImprovementPortion)TaxableG.O.CrossoverRefundingBonds,Series2020C(ImprovementPortion)-120,000125,000135,000140,000145,000145,000TaxableG.O.CrossoverRefundingBonds,Series2020C(UtilityPortion)P RELIMINARYG.O.Bonds,Series2021A(20thAveImprovementPortion)PRELIMINARYG.O.Bonds,Series2021A(ImprovementPortion)PRELIMINARYG.O.Bonds,Series2021A(RefundingPortion)Total CityofSt.Joseph,MN 6 Page Continuedfrompriorpage ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------- 2028202920302031203220332034203520362037 5,0005,0005,0005,0005,000----- 80,00070,000--------65,00065,00065,00055,000------70,00070,00065,00055,00050,00046,000----98,00797,48196,75195,884------ 270,000270,000270,000270,000275,000275,000270,000270,000270,000-150,000155,000152,000-------127,690126,539125,192123,714122,104120,429118,622116,685109,431- 865,697859,021778,943604,597452,104441,429388,622386,685379,4310 SummaryofProjectedTaxLevyforDebtServiceCollectionYear G.O.WastewaterTreatmentBonds,Series2010G.O.ImprovementBonds,Series2010B-RefundingPortionG.O.ImprovementBonds,Series2010B-NewMoneyPortionG.O.Water RevenueCrossoverRefundingBonds,Series2012AG.O.Bonds,Series2013A-ImprovementPortionG.O.Bonds,Series2013A-SewerPortionG.O.SewerRevenueBonds,Series2013BG.O.Bonds,Series2014A-ImprovementPortionG.O.Bonds, Series2014A-SystemPortionG.O.Bonds,Series2015A-ImprovementPortionG.O.Bonds,Series2015A-EquipmentPortionG.O.TaxAbatementBonds,Series2015BG.O.CapitalImprovementPlanBonds,Series2016AG.O.ImprovementBonds ,Series2016BAllocationofSt.CloudPFALoan2016G.O.CapitalImprovementPlanBonds,Series2017AG.O.Bonds,Series2017B-ImprovementPortionG.O.Bonds,Series2017B-SystemPortionCityportionofSt.CloudPublic2017Facilit iesAuthority(PFA)LoanG.O.Bonds,Series2018A-EquipmentCertificatesG.O.ImprovementBonds,Series2019A-CityImprovementPortionG.O.ImprovementBonds,Series2019A-IndustrialParkImprovementPortionG.O.EquipmentCe rtificatesofIndebtedness,Series2020AG.O.Bonds,Series2020B(ImprovementPortion)G.O.Bonds,Series2020B(CIPPortion)G.O.Bonds,Series2020B(Refund2013ABonds,SewerPortion)G.O.Bonds,Series2020B(Refund2013ABond s,ImprovementPortion)TaxableG.O.CrossoverRefundingBonds,Series2020C(ImprovementPortion)TaxableG.O.CrossoverRefundingBonds,Series2020C(UtilityPortion)PRELIMINARYG.O.Bonds,Series2021A(20thAveImprovemen tPortion)PRELIMINARYG.O.Bonds,Series2021A(ImprovementPortion)PRELIMINARYG.O.Bonds,Series2021A(RefundingPortion)Total CityofSt.Joseph,MN 7 Page Chart1 TaxLevyforDebtService ProjetedDebtOutstandingasofDecember31,2021 O N - 202120222023202420252026202720282029203020312032203320342035203620372038 i q f t p $0 K / u T g p $800,000$600,000$400,000$200,000 z u$1,200,000$1,000,000 j D 8 Page Chart2 ProjectedDebtasofDecember31,2021 TotalDebtOutstandingatYear-End O N - i 202120222023202420252026202720282029203020312032203320342035203620372038 q f t p K / u $5.0$0.0 T $25.0$20.0$15.0$10.0 g Millions p z u j D 9 Page 25% Revenue 14% SanitarySewer 17% WaterRevenue SpecialAssessments Chart3 1% 42% TaxLevy ProjectedDebtOutstandingasofDecember31,2021 SalesTaxRevenue SourceofRevenueforPaymentonTotalDebtOutstanding 1% O AllOtherRevenue N - i q f t p K / u T g p z u j D 10 100% Page 98% 96% 94% 92% 90% 87% 83% 77% NumberofYears Chart4 70% 63% AmortizationofOutstandingDebt ProjectedDebtOutstandingasofDecember31,2021 56% 46% 37% 27% O 202120222023202420252026202720282029203020312032203320342035 N - i q f t 0% p 80%60%40%20% K 120%100% / u PercentofOutstandingDebtAmortized T g p z u j D 11 Page Chart5 DebtServicePaidbyWaterRevenue ProjectedDebtOutstandingasofDecember31,2021 O N - i 2021202220232024202520262027202820292030203120322033 q f t p K / $0 u T g p z u$800,000$700,000$600,000$500,000$400,000$300,000$200,000$100,000 j D 12 Page Chart6 ProjectedDebtOutstandingasofDecember31,2021 DebtServicePaidbySanitarySewerRevenue O N - i q 202120222023202420252026202720282029203020312032203320342035203620372038 f t p K / $0 u T g p z u$800,000$700,000$600,000$500,000$400,000$300,000$200,000$100,000 j D 13 Page Chart7 ProjectedDebtOutstandingasofDecember31,2021 DebtServicePaidbySpecialAssessments O N - i 2021202220232024202520262027202820292030203120322033 q f t p K / $0 u T g p z u$700,000$600,000$500,000$400,000$300,000$200,000$100,000 j D 14 Page Chart8 DebtServicePaidbySalesTaxRevenue ProjectedDebtOutstandingasofDecember31,2021 O N - i q 2021202220232024202520262027202820292030203120322033 f t p K / u T $0 g p z u$6,000$5,000$4,000$3,000$2,000$1,000 j D 15 Page Chart9 DebtServicePaidbyAllOtherRevenue ProjectedDebtOutstandingasofDecember31,2021 StormWater,InterestIncome,andOtherSources O N - Opuf;Uifofhbujwfbnpvoujo3132sfmbuftupuifboujdjqbufeusbotgfspgdbticfuxffogvoet-btfyjtujohgvoetbsfdmptfepvusfmbufeupuifsfgvoejohpgcpoetgpsjoufsftutbwjoht/Uijtjtbpof.ujnffwfouxjuipvubozofugjobodjbmjnqbd uupuifDjuz/ i 2021202220232024202520262027202820292030203120322033203420352036 q f t p K $0 / u T g p $80,000$60,000$40,000$20,000 z $180,000$160,000$140,000$120,000$100,000 u j D Balance EndingCash 16 Page -292,321--292,20113,914-292,24727,831-292,33241,751-292,10055,661-292,26769,578-292,23283,494-292,23397,410-292,269111,328-292,219125,243-292,201139,157-3,214,620 NetTaxLevyTotal ------------ Revenues Less:Other ------------ Income Less:Interest ------------ Revenue Less:SalesTax ------ ------ Water Less:Storm Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject TaxLevy P&ISubjectto 301,8143,061,5433,061,5433,214,620-3,214,620- DEBTSERVICEPAYMENTS PrincipalRatesInterestTotal 229,5261.771%48,875278,400278,400292,321-292,321-233,4771.771%44,810278,287278,287292,201-292,201-237,6551.771%40,675278,330278,330292,247-292,247-241,9451.771%36,466278,411278,411292,332-292,332-246 ,0091.771%32,181278,190278,190292,100-292,100-250,5251.771%27,824278,350278,350292,267-292,267-254,9281.771%23,388278,316278,316292,232-292,232-259,4441.771%18,873278,317278,317292,233-292,233-264,07 31.771%14,278278,351278,351292,269-292,269-268,7021.771%9,601278,303278,303292,219-292,219-273,4441.771%4,843278,287278,287292,201-292,201- 2,759,729 60208/01/10$4,527,703August20$2,759,729AnyDateAugust20,2030BondsarepayablefromnetrevenuesfromtheSanitarySewerFundandadditionallysecuredbyanunlimitedadvaloremtaxpledge.TheBondsarereportedasaliabilityo ftheSewerFund.Pledgenetrevenuessufficiencttopay105%ofdebtservice. 123 NOTES Total 20202021202220232024202520262027202820292030 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN - Balance EndingCash 17 - Page - NetTaxLevyTotal -48,00078,847---48,00078,847 Revenues Less:Other --- Income Less:Interest --- Revenue Less:SalesTax -- - Water Less:Storm --- Less:Water - SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary - Less:SpecialAssessments - toTaxLevy 105%Subject - TaxLevy P&ISubjectto - - 3,308138,308138,308145,22330,847- DEBTSERVICEPAYMENTS PrincipalRatesInterestTotal 135,0002.450%3,308138,308138,308145,22330,847-135,000 33309/01/10$1,035,000December1$135,000December1,2018December1,2020 1Debtservicescheduleisthe"Refunding"portionofthe2010BBondsonlyandsecuredbyspecialassessmentsandadvalorempropertytax.2Apropertywithoutstandingspecialassessmentswasforeclosedonandsoldin2020.Specialasse ssmentbalanceof$32,548.79willbereassessedandcollectedover5yearsat0%interestratebeginningin2021. NOTES Total 20202021 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 18 Page NetTaxLevyTotal Revenues Less:Other 907-15,00040,28268,554686-15,00039,36542,116421-15,00037,94215,996160-10,00030,363(20,754) Income Less:Interest Revenue Less:SalesTax Water Less:Storm -13,250-1,114-10,00047,637111,392-13,250-1,114-15,00043,27090,670-13,250--13,250--13,250--13,250--79,500-4,401-80,000238,859 Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments $63,686 toTaxLevy 105%Subject TaxLevy P&ISubjectto 38,708388,708388,708408,14374,957- DEBTSERVICEPAYMENTS 55,0002.450%10,34065,34065,34068,60723,273-55,0002.900%8,99363,99363,99367,19213,906-55,0002.900%7,39862,39862,39865,51711,125-60,0002.900%5,80365,80365,80369,09310,430-60,0003.250%4,06364,06364,0636 7,2669,271-65,0003.250%2,11367,11367,11370,4686,953- PrincipalRatesInterestTotal 350,000 34509/01/10$790,000December1$350,000December1,2018December1,2025Specialassessmentprincipaloutstandingasof12/31/2020: 1Debtservicescheduleisthe"NewMoney"portionofthe2010BBondsonlyandsecuredbyspecialassessmentsandadvalorempropertytax.2 NOTES Total 202020212022202320242025 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 19 Page -518,910250,000-519,435274,735-1,038,345 NetTaxLevyTotal --- Revenues Less:Other --- Income Less:Interest --- Revenue Less:SalesTax Water Less:Storm Less:Water -518,910--519,435--1,038,345- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject TaxLevy P&ISubjectto 28,900988,900988,9001,038,345- DEBTSERVICEPAYMENTS PrincipalRatesInterestTotal 475,0002.000%19,200494,200494,200518,910-485,0002.000%9,700494,700494,700519,435-960,000 60104/01/12$4,860,000December1$960,000December1,2021December1,2028 1Pledgenetrevenuessufficiencttopay105%ofdebtservice. NOTES Total 20202021 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN - Balance EndingCash 20 - Page - NetTaxLevyTotal - Revenues Less:Other - 27327325,00035,293 Income Less:Interest -1,319-25,00035,293--- Revenue Less:SalesTax -- - Water Less:Storm --- Less:Water - SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary - Less:SpecialAssessments - toTaxLevy 105%Subject - TaxLevy P&ISubjectto - - 6,23051,23051,23053,7928,974- DEBTSERVICEPAYMENTS 45,0002.100%6,23051,23051,23053,7928,974-45,000 PrincipalRatesInterestTotal 34809/01/13$405,000December1$45,000December1,2020December1,2024 1Debtservicescheduleisthe"ImprovementPortion"ofthe2013ABondsonlyandsecuredbyspecialassessmentsandadvalorempropertytax.2Maturities2021-2024ofthe2013ABonds,ImprovementPortion,werecurrentrefundedwithpro ceedsfromthe2020BBonds. NOTES Total 20202021 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN -- Balance EndingCash 21 --- Page - NetTaxLevyTotal - Revenues Less:Other -(17,827)---(17,827)- Income Less:Interest --- Revenue Less:SalesTax - -- Water Less:Storm - Less:Water - SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary - Less:SpecialAssessments - toTaxLevy 105%Subject - TaxLevy P&ISubjectto - - 36,543156,543156,543164,370-164,370- DEBTSERVICEPAYMENTS PrincipalRatesInterestTotal 120,0002.100%36,543156,543156,543164,370-164,370-120,000 60209/01/13$1,875,000December1$120,000December1,2020December1,2028TheBondsarereportedasaliabilityoftheSanitarySewerFund. 1Debtservicescheduleisthe"SewerPortion"ofthe2013ABondsonlyarepayablefromnetrevenuesplus5%fromtheSanitarySewerFundandsecuredbyanunlimitedadvaloremtaxpledge.23Maturities2021-2028ofthe2013ABonds,SewerPo rtion,werecurrentrefundedwithproceedsfromthe2020BBonds. NOTES Total 20202021 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 22 Page -59,798--58,1182,768-61,6885,705-59,7988,553-57,90811,310-61,74014,250-60,16517,115-58,45919,899-61,93722,848-59,91625,701-599,524 NetTaxLevyTotal ----------- Revenues Less:Other ----------- Income Less:Interest ----------- Revenue Less:SalesTax ---- ------- Water Less:Storm Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject TaxLevy P&ISubjectto 95,975570,975570,975599,524-599,524- DEBTSERVICEPAYMENTS 40,0004.000%16,95056,95056,95059,798-59,798-40,0004.000%15,35055,35055,35058,118-58,118-45,0004.000%13,75058,75058,75061,688-61,688-45,0004.000%11,95056,95056,95059,798-59,798-45,0003.000%10,15055,15 055,15057,908-57,908-50,0003.000%8,80058,80058,80061,740-61,740-50,0003.250%7,30057,30057,30060,165-60,165-50,0003.375%5,67555,67555,67558,459-58,459-55,0003.500%3,98858,98858,98861,937-61,937-55,000 3.750%2,06357,06357,06359,916-59,916- PrincipalRatesInterestTotal 475,000 60211/01/13$650,000February1$475,000February1,2022February1,2029 1BondsarepayablefromnetrevenuesfromtheSaniatarySewerFundandsecuredbyanunlimitedadvaloremtaxpledge.2TheBondsarereportedasaliabilityoftheSanitarySewerFund. NOTES Total 2020202120222023202420252026202720282029 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 23 Page NetTaxLevyTotal Revenues Less:Other 927(75,318)110,00074,718- Income Less:Interest -1,306-105,000126,98592,717--2,233(75,318)215,000201,703 Revenue Less:SalesTax --- Water Less:Storm --- Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments $74,834 toTaxLevy 105%Subject TaxLevy P&ISubjectto 87,270332,270332,270348,88459,788- DEBTSERVICEPAYMENTS PrincipalRatesInterestTotal 120,0002.000%44,835164,835164,835173,07720,679-125,0002.000%42,435167,435167,435175,80739,109-245,000 35006/01/14$2,010,000December1$245,000December1,2021December1,2030TaxlevyisadjustedinthisscheduletohelpmanagetheCity'soveralltaxlevyfordebtwhilemaintainingthatFund350isprojectedtohaveannualrevenueand endingcashatorabovetheminimum105%requirement.ThetaxlevyforthisFund350maybeadjustedannuallyasneededtoachievethe105%requirementandtheCity'soverallobjectivesfortaxlevy. 1Debtservicescheduleisthe"ImprovementPortion"ofthe2014ABondsonlyandsecuredbyspecialassessmentsandadvalorempropertytax.2Specialassessmentprincipaloutstandingasof12/31/2020:3Cashbalancewasaccumultedfro mprepaymentofspecialassessmentsanddepositofunspentprojectcontingencyintothedebtservicefund.45Maturities2021-2032ofthe2014ABonds,ImprovementPortion,wereadvancerefundedwithproceedsfromthe2020CBonds. NOTES Total 20202021 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 24 Page -52,09610,000-51,36112,446-103,457 NetTaxLevyTotal --- Revenues Less:Other --- Income Less:Interest --- Revenue Less:SalesTax Water Less:Storm Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject TaxLevy P&ISubjectto 28,53098,53098,530103,457-12,00091,457- DEBTSERVICEPAYMENTS 35,0002.000%14,61549,61549,61552,096-6,00046,096-35,0002.000%13,91548,91548,91551,361-6,00045,361-70,000 PrincipalRatesInterestTotal 60106/01/14$660,000December1$70,000December1,2021December1,2032Debtservicescheduleisthe"SystemPortion"ofthe2014ABondsonlyarepayablefromnetrevenuesplus5%fromtheSanitarySewerFundandWaterFundandsecuredb yanunlimitedadvaloremtaxpledge.BondswereissuedunderMS444.Taxrevenueshouldbeusedonly,andthenonatemporarybasis,topaygeneralobligationswhentheotherrevenuesareinsufficient.Citymadeacovenanttomaintainrate sandchargessufficienttocover105%ofdebtservice. 123Maturities2021-2032ofthe2014ABonds,UtilityPortion,wereadvancerefundedwithproceedsfromthe2020CBonds. NOTES Total 20202021 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 25 Page NetTaxLevyTotal Revenues Less:Other 795-30,00045,29858,042580-35,00049,17741,669417-35,00047,50325,422254-35,00044,3192,791 Income Less:Interest -1,033-20,00057,152103,281-1,033-25,00044,16279,493-----4,112-180,000287,612 Revenue Less:SalesTax ------- Water Less:Storm ------- Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments $83,027 toTaxLevy 105%Subject TaxLevy P&ISubjectto 35,100400,100400,100420,105103,500- DEBTSERVICEPAYMENTS 60,0002.000%9,15069,15069,15072,60836,119-60,0002.000%7,95067,95067,95071,34818,129-60,0002.000%6,75066,75066,75070,08814,503-60,0003.000%5,55065,55065,55068,82813,597-60,0003.000%3,75063,75063,75066 ,93812,086-65,0003.000%1,95066,95066,95070,2989,065- PrincipalRatesInterestTotal 365,000 35108/01/15$595,000December1$365,000December1,2022December1,2025Cashbalancewasaccumulatedfromprepaymentofspecialassessmentsanddepositofunspentprojectcontingencyintothedebtservicefund. 1Debtservicescheduleisthe"ImprovementPortion"ofthe2015ABondsonlyandsecuredbyspecialassessmentsandadvalorempropertytax.2Specialassessmentprincipaloutstandingasof12/31/2020:3 NOTES Total 202020212022202320242025 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN - Balance EndingCash 26 - Page - NetTaxLevyTotal -35,00035,000---35,00035,000 Revenues Less:Other --- Income Less:Interest --- Revenue Less:SalesTax -- - Water Less:Storm --- Less:Water --- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary - Less:SpecialAssessments - toTaxLevy 105%Subject - TaxLevy P&ISubjectto - - 70035,70035,70037,485- DEBTSERVICEPAYMENTS 35,0002.000%70035,70035,70037,485-35,000 PrincipalRatesInterestTotal 35212/12/17$165,000December1$35,000December1,2022December1,2020 1Debtservicescheduleisthe"EquipmentPortion"ofthe2015ABondsonlyandsecuredbyadvalorempropertytax. NOTES Total 20202021 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN - Balance EndingCash 27 - Page -150,00046,386--150,000 NetTaxLevyTotal --- Revenues Less:Other - Income Less:Interest Revenues Less:SalesTax --150,000- -150,000- Water Less:Storm --- Less:Water --- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary - Less:SpecialAssessments - Levy 105%Tax - TaxLevy P&ISubjectto - 2,300117,300117,300123,165- 2.000%- *Bondsfullydefeasedin2021. DEBTSERVICEPAYMENTS PrincipalRatesInterestTotal 115,0002.000%2,300117,300117,300123,165-115,000 35308/01/15$1,840,000December1$115,000December1,2022December1,2030 1Citycertifiedanabatementlevyfordebtservice.Theannualabatementlevymaybecancelledanddebtpaidfromotherrevenue.TheCityplanstousesalestaxrevenuetopaydebtservice.2Cityapprovedafullnetdefeasanceofthe2015BB ondsin2021,fundedfromsaleofpropertyandcitycashcontribution. NOTES Total 20202021 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 28 Page NetTaxLevyTotal Revenues Less:Other 84-270,000270,0845,85359-270,000270,0592,46925-270,000270,0253,35134-270,000270,0343,54235-270,000270,0353,68537-270,000270,0373,89239-275,000275,0394,73547-275,000275,0476,46865-270,000270,0654,8324 8-270,000270,0484,93149-270,000270,0492,361 353-255,000255,35335,329353-265,000265,35328,340283-265,000265,28320,081201-265,000265,20115,639156-265,000265,15610,053101-270,000270,1018,411 Income Less:Interest ------------------1,969-4,565,0004,566,969 Revenues Less:SalesTax -------------- ---- Water Less:Storm ------------------ Less:Water ------------------ SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject TaxLevy P&ISubjectto 875,6264,615,6264,615,6264,846,408- DEBTSERVICEPAYMENTS PrincipalRatesInterestTotal 185,0002.000%86,043271,043271,043284,595-190,0002.000%82,343272,343272,343285,960-195,0002.000%78,543273,543273,543287,220-195,0002.000%74,643269,643269,643283,125-200,0002.000%70,743270,743270,74328 4,280-205,0002.000%66,743271,743271,743285,330-210,0002.000%62,643272,643272,643286,275-215,0002.000%58,443273,443273,443287,115-215,0002.000%54,143269,143269,143282,600-220,0002.250%49,843269,843269 ,843283,335-225,0002.250%44,893269,893269,893283,387-230,0002.450%39,830269,830269,830283,322-240,0002.450%34,195274,195274,195287,905-245,0002.700%28,315273,315273,315286,981-250,0002.700%21,700271, 700271,700285,285-255,0002.875%14,950269,950269,950283,448-265,0002.875%7,619272,619272,619286,250- 3,740,000 30107/01/16$4,275,000December15$3,740,000December15,2023December15,2036Nooutstandingitemstonote.levyforthisFund301maybeadjustedannuallyasneededtoachievethe105%requirementandtheCity'soverallobjectives fortaxlevy. 12TaxlevyisadjustedinthisscheduletohelpmanagetheCity'soveralltaxlevyfordebtwhilemaintainingthatFund301isprojectedtohaveannualrevenueandendingcashatorabovetheminimum105%requirement.Thetax NOTES Total 20202021202220232024202520262027202820292030203120322033203420352036 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 29 Page NetTaxLevyTotal Revenues Less:Other Income Less:Interest Revenues Less:SalesTax -20,0002,590-5,00049,934258,985-5,0002,590-5,00034,103230,813-5,0002,308-5,00033,821202,934-5,0002,029-5,00033,542175,451-5,0001,755-5,00033,268148,369-5,0001,484-5,00032,997122,016-5,0001,220-5,0003 2,73396,399-5,000964-5,00032,47771,526-5,000715-5,00032,22847,454-5,000475-5,00031,98824,191-5,000242-5,00031,7551,746-5,00017-5,00031,530(14,423)-5,000(144)-5,00031,369(29,404)-80,00016,244-65,00044 1,744 Water Less:Storm -------------- $595,129 Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject TaxLevy P&ISubjectto 103,050743,050743,050780,203280,500- DEBTSERVICEPAYMENTS PrincipalRatesInterestTotal50,0001.150%12,85062,85062,85065,99322,344-50,0001.150%12,27562,27562,27565,38921,513-50,0001.350%11,70061,70061,70064,78521,513-50,0001.350%11,02561,02561,02564,07621,513- 50,0002.000%10,35060,35060,35063,36821,513-50,0002.000%9,35059,35059,35062,31821,513-50,0002.000%8,35058,35058,35061,26821,513-50,0002.100%7,35057,35057,35060,21821,513-50,0002.100%6,30056,30056,3005 9,11521,513-50,0002.100%5,25055,25055,25058,01321,513-50,0003.000%4,20054,20054,20056,91021,513-45,0003.000%2,70047,70047,70050,08521,513-45,0003.000%1,35046,35046,35048,66821,513- 640,000 30411/01/16$740,000December15$640,000December15,2023December15,2032 1Specialassessmentprincipaloutstandingasof12/31/2020,includesdeferredspecialassessments:2Asignificantportionofthebalanceoutstandingisfordeferredspecialassessmentsthatmaynotbepayablewithinthenextthirt yyears.3AdditionalfundsfromMSASconstructionfundfortheFieldStprojectin2019isallowingforareductionoffuturesalestaxandlevyneeds. NOTES Total 2020202120222023202420252026202720282029203020312032 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 30 Page -55,520--55,4872,642-55,5715,288-55,5277,933-55,47810,574-55,54613,219-55,48715,862-388,616 NetTaxLevyTotal -------- Revenues Less:Other -------- Income Less:Interest -------- Revenues Less:SalesTax --- ----- Water Less:Storm Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject TaxLevy P&ISubjectto 14,371370,111370,111388,616-388,616- AllocatedportiontoSt.Joseph DEBTSERVICEPAYMENTS 49,3191.000%3,55752,87652,87655,520-55,520-49,7811.000%3,06452,84552,84555,487-55,487-50,3581.000%2,56652,92452,92455,571-55,571-50,8201.000%2,06352,88352,88355,527-55,527-51,2821.000%1,55552,83752,8 3755,478-55,478-51,8601.000%1,04252,90152,90155,546-55,546-52,3221.000%52352,84552,84555,487-55,487- PrincipalRatesInterestTotal 355,740 60207/01/16$469,263August1$355,740AnydateAugust20,2026 1St.CloudhastheloanwiththeMNPFA.CityofSt.Josephpays11.55%ofthedebtservice. NOTES Total 2020202120222023202420252026 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 31 Page NetTaxLevyTotal Revenues Less:Other -36,000-36,00083,571-36,000-36,00071,796-36,000-36,00061,176-36,000-36,00051,711-36,000-36,00043,401-36,000-36,00036,246-216,000-216,000 Income Less:Interest ------- Revenues Less:SalesTax - ------ Water Less:Storm ------- Less:Water ------- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject TaxLevy P&ISubjectto 24,255276,255276,255290,068- DEBTSERVICEPAYMENTS 42,0002.750%6,93048,93048,93051,377-42,0002.750%5,77547,77547,77550,164-42,0002.750%4,62046,62046,62048,951-42,0002.750%3,46545,46545,46547,738-42,0002.750%2,31044,31044,31046,526-42,0002.750%1,15543 ,15543,15545,313- PrincipalRatesInterestTotal 252,000 30308/30/17$337,000December15$252,000AnydateJanuary15,2025 1CityissuedthebondswiththeoptiontocallonanydateinanticipationofthesaleofpropertyownedbytheCity,thepriorlocationforcityhall.2CityplanstocalltheBondswithcashinSeptember2023,afterreceiptoffinalpaymentfr omtheentityleasingspace. NOTES Total 202020212022202320242025 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN 36,330 Balance EndingCash 32 Page NetTaxLevyTotal -20,00040,589-20,00031,05625,734-25,00034,47720,345-25,00034,21315,459-25,00033,84511,224-30,00038,29212,456-25,00032,3718,787-25,00030,5284,295-195,000275,371 Revenues Less:Other --------- Income Less:Interest --------- Revenues Less:SalesTax ---- ----- Water Less:Storm --------- Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject $50,634(receivableabovereflectsestimatesfordelinquentspecialassessments) TaxLevy P&ISubjectto 35,258309,258309,258324,72080,371- DEBTSERVICEPAYMENTS 35,0002.250%7,44042,44042,44044,56220,589-35,0002.250%6,65341,65341,65343,73511,056-34,0002.250%5,86539,86539,86541,8589,477-34,0003.000%5,10039,10039,10041,0559,213-34,0003.000%4,08038,08038,08039,9 848,845-34,0003.000%3,06037,06037,06038,9138,292-34,0003.000%2,04036,04036,04037,8427,371-34,0003.000%1,02035,02035,02036,7715,528- PrincipalRatesInterestTotal 274,000 30508/30/17$344,000December15$274,000December15,2022December15,2027 1Debtservicescheduleisthe"ImprovementPortion"ofthe2015ABondsonlyandsecuredbyspecialassessmentsandadvalorempropertytax.2$25,340inprepaidassessmentswerecollectedanddepositedintotheconstructionaccountat issuance.3Specialassessmentprincipaloutstandingasof12/31/2020: NOTES Total 20202021202220232024202520262027 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 33 Page -79,53510,000-73,0009,850-70,0008,275-222,535 NetTaxLevyTotal ---- Revenues Less:Other ---- Income Less:Interest ---- Revenues Less:SalesTax Water Less:Storm Less:Water -79,535--73,000--70,000--222,535- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject TaxLevy P&ISubjectto 9,473220,473220,473231,496- (Finalmaturitydateofthe2017B,ImprovementPortionis12/31/2027,calldateprovidesfortheoptionalredemptionforthisportion.) DEBTSERVICEPAYMENTS 71,0002.250%4,74875,74875,74879,535-70,0002.250%3,15073,15073,15076,808-70,0002.250%1,57571,57571,57575,154- PrincipalRatesInterestTotal 211,000 60109/01/13$1,875,000December15$211,000December15,2022December15,2022TheBondsarereportedasaliabilityoftheWaterTreatmentFund. 1Debtservicescheduleisthe"SystemPortion"ofthe2017BBondsonlyarepayablefromnetrevenuesplus5%fromtheWaterTreatmentFundandsecuredbyanunlimitedadvaloremtaxpledge.2 NOTES Total 202020212022 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 34 Page -104,213--104,8694,994-104,9019,989-104,81314,980-104,82519,972-104,82624,964-104,81629,955-104,79534,945-104,87439,939-104,83144,931-104,88749,926-104,81954,917-104,85259,910-104,87364,904-104,88169 ,898-104,87874,892-104,86279,886-104,83784,878-1,886,652 NetTaxLevyTotal ------------------- Revenues Less:Other ------------------- Income Less:Interest ------------------- Revenues Less:SalesTax -------------- ----- Water Less:Storm Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject TaxLevy P&ISubjectto 173,4991,796,8121,796,8121,886,652-1,886,652- DEBTSERVICEPAYMENTS 82,0561.095%17,19499,25099,250104,213-104,213-82,9981.095%16,87799,87599,875104,869-104,869-83,9381.095%15,96899,90699,906104,901-104,901-84,7731.095%15,04999,82299,822104,813-104,813-85,7121.095%14, 12199,83399,833104,825-104,825-86,6521.095%13,18299,83499,834104,826-104,826-87,5921.095%12,23399,82599,825104,816-104,816-88,5311.095%11,27499,80599,805104,795-104,795-89,5751.095%10,30599,88099,880 104,874-104,874-90,5151.095%9,32499,83999,839104,831-104,831-91,5591.095%8,33399,89299,892104,887-104,887-92,4981.095%7,33099,82899,828104,819-104,819-93,5421.095%6,31799,85999,859104,852-104,852-94, 5861.095%5,29399,87999,879104,873-104,873-95,6301.095%4,25799,88799,887104,881-104,881-96,6741.095%3,21099,88499,884104,878-104,878-97,7181.095%2,15199,86999,869104,862-104,862-98,7641.095%1,08199,84 599,845104,837-104,837- PrincipalRatesInterestTotal 1,623,313 60210/09/17$1,744,736December1$1,623,313CallableatanytimeAugust20,2037Theprincipalshownhereisbasedonthe10/9/2017PFAloanscheduleadjustedfor$177,240inadditionalprincipalin2018,$175,721in2019.The$352,96 1adjustmentsarebasedontheCity'sreportedoutstandingbalancefortheLoanasof12/31/2019intheCity'sauditedfinancialstatements. 1TheCityofSt.Josephisresponsiblefor10.44%oftheprojectcosts.23Thisscheduleofprincipalneedstobeverifiedaftertheamortizationscheduleisfinalizedwithdrawcompletions. NOTES Total 202020212022202320242025202620272028202920302031203220332034203520362037 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 35 Page NetTaxLevyTotal Revenues Less:Other 24-58,00058,0242,37624-57,50057,5242,82528-56,50056,5282,60326-55,50055,526729 102-227,500227,602 Income Less:Interest ----- Revenues Less:SalesTax - ---- Water Less:Storm ----- Less:Water ----- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject TaxLevy P&ISubjectto 13,600228,600228,600240,030- DEBTSERVICEPAYMENTS 52,0002.500%5,37557,37557,37560,244-53,0002.500%4,07557,07557,07559,929-54,0002.500%2,75056,75056,75059,588-56,0002.500%1,40057,40057,40060,270- PrincipalRatesInterestTotal 215,000 30602/28/18$265,000December15$215,000Non-callableDecember15,2023 1 NOTES Total 2020202120222023 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 36 Page NetTaxLevyTotal Revenues Less:Other Income Less:Interest -1,111-75,000204,426111,146-1,111-155,000255,307145,453-1,455-150,000239,628171,832-1,718-140,000228,515194,846-1,948-130,000216,973214,069-2,141-120,000204,804228,873-2,289-110,000191,645238,268-2,3 83-90,000166,779235,548-2,355-80,000148,486222,034-2,220-70,000121,818187,852-18,732-1,120,0001,978,382 Revenues Less:SalesTax ----------- Water Less:Storm ----------- Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject 454,287Cityreceivedprepaidsafterbondissue.Thetaxlevymayneedtobeincreasedinfutureyearsasaresult. TaxLevy P&ISubjectto 410,0521,945,0521,945,0522,042,305839,650- DEBTSERVICEPAYMENTS PrincipalRatesInterestTotal 155,0005.000%92,802247,802247,802260,192128,315-155,0005.000%66,000221,000221,000232,05099,196-155,0005.000%58,250213,250213,250223,91388,174-155,0005.000%50,500205,500205,500215,77586,796-155,0005.0 00%42,750197,750197,750207,63885,025-155,0005.000%35,000190,000190,000199,50082,663-155,0005.000%27,250182,250182,250191,36379,357-150,0005.000%19,500169,500169,500177,97574,397-150,0004.000%12,00016 2,000162,000170,10066,130-150,0004.000%6,000156,000156,000163,80049,598- 1,535,000 30709/12/19$1,535,000December15$1,535,000December15,2027December15,2029 1ScheduleisbasedontheCityreducingtheestimatedtaxlevytobecertified,basedonprojectedtotalspecialassessmentrevenuecollectedforthetwopurposesforthe2019bondissuance.2Specialassessmentprincipaloutstandinga sof12/31/2020: NOTES Total 2020202120222023202420252026202720282029 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 37 Page -108,29888-339,30826,196-328,70252,698-318,09979,598-307,501111,899-296,956144,405-286,414177,119-275,874210,043-265,335243,178-254,799274,378-2,781,288 NetTaxLevyTotal Revenues Less:Other 1-1- 262-527-796- Income Less:Interest ------1,119--1,444--1,771--2,100--2,432--10,453- Revenues Less:SalesTax ---- ------- Water Less:Storm --------- Less:Water SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary Less:SpecialAssessments toTaxLevy 105%Subject TaxLevy 2,320,373Assessmentscertified1/6/20inoriginalamountof$2,415,000atrateof1.83%10yearterm. P&ISubjectto 579,8182,749,8182,749,8182,887,3092,757,16513,670- DEBTSERVICEPAYMENTS PrincipalRatesInterestTotal 220,0005.000%131,118351,118351,118368,67494,62713,670-220,0005.000%93,200313,200313,200328,860339,308-220,0005.000%82,200302,200302,200317,310328,440-220,0005.000%71,200291,200291,200305,760317,573-2 15,0005.000%60,200275,200275,200288,960306,705-215,0005.000%49,450264,450264,450277,673295,838-215,0005.000%38,700253,700253,700266,385284,970-215,0005.000%27,950242,950242,950255,098274,103-215,0004 .000%17,200232,200232,200243,810263,235-215,0004.000%8,600223,600223,600234,780252,368- 2,170,000 30809/12/19$2,170,000December15$2,170,000December15,2027December15,2029 1ScheduleisbasedontheCityreducingtheestimatedtaxlevytobecertified,basedonprojectedtotalspecialassessmentrevenuecollectedforthetwopurposesforthe2019bondissuance.2Specialassessmentprincipaloutstandinga sof12/31/2020: NOTES Total 2020202120222023202420252026202720282029 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 38 494,916 Page - NetTaxLevyTotal Revenues Less:Other 49-49-48,00048,0496,77568-48,00048,0689,27693-48,00048,09311,426 114-48,00048,11413,235132-48,00048,13215,715505-240,000240,505 Income Less:Interest ------- Revenues Less:SalesTax --- ---- Water Less:Storm ------- Less:Water ------- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary - Less:SpecialAssessments - toTaxLevy 105%Subject - TaxLevy P&ISubjectto 2,4812,481 12,138232,138229,657241,140- DEBTSERVICEPAYMENTS - 43,0001.450%3,19046,19046,19048,500-43,0001.450%2,56745,56745,56747,845-44,0001.450%1,94345,94345,94348,240-45,0001.450%1,30546,30546,30548,620-45,0001.450%65345,65345,65347,935- PrincipalRatesInterestTotal 220,000 30903/05/20$220,000December15$220,000Non-CallableDecember15,2025 1Payablefromadvaloremtaxes. NOTES Total 202020212022202320242025 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 39 -17,566 Page - NetTaxLevyTotal - Revenues Less:Other - 17612,511-12,68617,742177-70,00074,62115,903159-75,00079,51920,262203-75,00079,50525,907259-75,00079,50431,812318-65,00069,50629,017290-65,00069,42032,437324-65,00069,39737,034370-65,00069,38542,8194 28-65,00069,38549,804498-55,00059,39748,002 Income Less:Interest -------------3,20312,511675,000732,326 Revenues Less:SalesTax ---------- --- Water Less:Storm ------------- Less:Water -- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary - Less:SpecialAssessments - toTaxLevy 105%Subject - 144,897 TaxLevy P&ISubjectto - - 12,51112,51112,51113,136-76,891701,891701,891736,98541,613- DEBTSERVICEPAYMENTS -- 65,0002.000%11,46076,46076,46080,2834,444-65,0002.000%10,16075,16075,16078,9184,360-65,0000.400%8,86073,86073,86077,5534,303-65,0002.000%8,60073,60073,60077,2804,245-65,0002.000%7,30072,30072,30075,9 154,188-60,0002.000%6,00066,00066,00069,3004,130-60,0002.000%4,80064,80064,80068,0404,072-60,0002.000%3,60063,60063,60066,7804,015-60,0002.000%2,40062,40062,40065,5203,957-60,0002.000%1,20061,20061,2 0064,2603,899- PrincipalRatesInterestTotal 625,000 31011/12/20$620,000December15$625,000December15,2028December15,2031 1Specialassessmentprincipaloutstandingasof12/31/2020: NOTES Total 202020212022202320242025202620272028202920302031 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 40 -14,031 Page - 60,00060,1421,47365,00065,015(5,152) NetTaxLevyTotal -- - Revenues Less:Other 1556-70,00070,05615,119 -(52)-70,00069,948(5,644)(56)-70,00069,944(5,900)(59)-70,00069,941(4,959)(50)-70,00069,950(2,809)(28)-70,00069,9725,563 14014,017-14,15714,171142151-65,00065,15120,870209-55,00055,20917,779178-50,00050,17810,756108-46,00046,10876475314,017761,000775,770 Income Less:Interest --------------- Revenues Less:SalesTax -------------- - Water Less:Storm --------------- Less:Water --------------- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary - Less:SpecialAssessments - toTaxLevy 105%Subject - TaxLevy P&ISubjectto - - 14,01714,01714,01714,718-99,037789,037789,037828,489- DEBTSERVICEPAYMENTS -- 60,0002.000%12,84072,84072,84076,482-60,0002.000%11,64071,64071,64075,222-60,0000.400%10,44070,44070,44073,962-60,0002.000%10,20070,20070,20073,710-60,0002.000%9,00069,00069,00072,450-60,0002.000%7,8 0067,80067,80071,190-55,0002.000%6,60061,60061,60064,680-55,0002.000%5,50060,50060,50063,525-55,0002.000%4,40059,40059,40062,370-55,0002.000%3,30058,30058,30061,215-55,0002.000%2,20057,20057,20060,06 0-55,0002.000%1,10056,10056,10058,905- PrincipalRatesInterestTotal 690,000 31211/12/20$690,000December15$690,000December15,2028December15,2033 1PlananticipatestheCitywillleasebuildingtoprivatecompanyuntilyear2022. NOTES Total 20202021202220232024202520262027202820292030203120322033 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 41 -10,000 Page --147,67217,127-148,66224,370-151,36031,809-148,70439,193-148,23246,625-150,82654,252-148,06861,819-150,55869,577-1,194,082 NetTaxLevyTotal - Revenues Less:Other - 100-171-244-318-392-466-543-618- Income Less:Interest ----------2,852- Revenues Less:SalesTax ------ ---- Water Less:Storm - Less:Water - SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary - Less:SpecialAssessments - toTaxLevy 105%Subject - TaxLevy P&ISubjectto - - 89,5051,134,5051,134,5051,191,230-1,191,230- DEBTSERVICEPAYMENTS - PrincipalRatesInterestTotal 120,0002.000%20,545140,545140,545147,572-147,572-125,0002.000%16,420141,420141,420148,491-148,491-130,0002.000%13,920143,920143,920151,116-151,116-130,0000.400%11,320141,320141,320148,386-148,386-130 ,0002.000%10,800140,800140,800147,840-147,840-135,0002.000%8,200143,200143,200150,360-150,360-135,0002.000%5,500140,500140,500147,525-147,525-140,0002.000%2,800142,800142,800149,940-149,940- 1,045,000 60211/12/20$1,040,000December15$1,045,000December15,2028December15,2033 1The2013ABondswerecurrentrefundedwiththeissuanceofthe2020BBonds.Thecalldatewas12/1/2020.Bondswererefundedintheamountof$1,075,000. NOTES Total 202020212022202320242025202620272028 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 42 -52,210 Page - NetTaxLevyTotal - Revenues Less:Other - 522-25,00033,73137,666377-35,00043,26133,827338-36,00043,89626,523265-38,50038,76515,088 Income Less:Interest ------1,502-134,500159,653 Revenues Less:SalesTax --- --- Water Less:Storm ------ Less:Water -- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary - Less:SpecialAssessments - toTaxLevy 105%Subject - TaxLevy P&ISubjectto - - 6,775196,775196,775206,61423,651- DEBTSERVICEPAYMENTS - 45,0002.000%3,27548,27548,27550,6898,209-45,0002.000%2,10047,10047,10049,4557,884-50,0002.000%1,20051,20051,20053,7607,558-50,0000.400%20050,20050,20052,710- PrincipalRatesInterestTotal 190,000 31311/12/20$185,000December15$190,000December15,2028December15,2033 1The2013ABondswerecurrentrefundedwiththeissuanceofthe2020BBonds.Thecalldatewas12/1/2020.Bondswererefundedintheamountof$190,000. NOTES Total 20202021202220232024 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 43 -1,264 Page - NetTaxLevyTotal - Revenues Less:Other 1314,215-14,2281,27713100,045120,000231,69974,473 - 745-125,000142,73754,287543-135,000145,88643,001430-140,000150,12431,895319-145,000154,36426,153262-145,000153,65816,206162-150,000157,90912,293123-155,000162,22114,706147-152,000158,59610,742 Income Less:Interest - -----------2,756114,2601,267,0001,471,421 Revenues Less:SalesTax ------------ Water Less:Storm ------------ Less:Water -- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary - Less:SpecialAssessments - toTaxLevy 105%Subject - TaxLevy P&ISubjectto - - 14,21514,21514,21514,926-96,9431,461,9431,461,9431,535,04087,405- DEBTSERVICEPAYMENTS -- PrincipalRatesInterestTotal 145,0000.400%13,503158,503158,503166,42811,641-150,0000.500%12,923162,923162,923171,06916,992-145,0000.650%12,173157,173157,173165,03110,343-150,0000.750%11,230161,230161,230169,2929,694-150,0001.000 %10,105160,105160,105168,1109,045-155,0001.150%8,605163,605163,605171,7858,396-155,0001.300%6,823161,823161,823169,9147,747-155,0001.450%4,808159,808159,808167,7987,098-160,0001.600%2,560162,560162,5 60170,6886,449- 1,365,000 31411/12/20$1,365,000December15$1,365,000December15,2028December15,2030 1The2014ABonds(ImprovementPortion)wereadvancecrossoverrefundedwiththeissuanceofthe2020CBonds.ThecrossoverdatewasDecember1,2021,and$1,315,000ofBondswerecalledonthisdate. NOTES Total 20202021202220232024202520262027202820292030 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN Balance EndingCash 44 -5,453 Page --47,39815,070-47,21217,462-46,96319,864-41,42222,026-46,32624,442-45,86726,858-45,34529,274-44,76031,684-49,36234,336-48,49136,972 NetTaxLevyTotal - Revenues Less:Other 555,325-5,3805,379545,000-52,49312,692 - 127-151-175-199-220-244-269-293-317-343- Income Less:Interest --------------2,44510,325-521,018 Revenues Less:SalesTax -- Water Less:Storm -- Less:Water -- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary - Less:SpecialAssessments - toTaxLevy 105%Subject - TaxLevy P&ISubjectto - - 5,4535,4535,4535,726- 44,498489,498489,498513,973-57,000451,247- DEBTSERVICEPAYMENTS -- 40,0000.400%5,18045,18045,18047,439-6,00041,439-40,0000.500%5,02045,02045,02047,271-6,00041,271-40,0000.650%4,82044,82044,82047,061-5,00042,061-40,0000.750%4,56044,56044,56046,788-5,00041,788-35,0001 .000%4,26039,26039,26041,223-5,00036,223-40,0001.150%3,91043,91043,91046,106-5,00041,106-40,0001.300%3,45043,45043,45045,623-5,00040,623-40,0001.450%2,93042,93042,93045,077-5,00040,077-40,0001.600%2, 35042,35042,35044,468-5,00039,468-45,0001.900%1,71046,71046,71049,046-5,00044,046-45,0001.900%85545,85545,85548,148-5,00043,148- PrincipalRatesInterestTotal 445,000 60111/12/20$445,000December1$445,000December1,2028December1,2032 1The2014ABonds(SystemPortion)wereadvancecrossoverrefundedwiththeissuanceofthe2020CBonds.ThecrossoverdatewasDecember1,2021,and$425,000ofBondswerecalledonthisdate. NOTES Total 2020202120222023202420252026202720282029203020312032 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN -- Balance EndingCash 45 -- Page -- NetTaxLevyTotal ---137,583164,8267,849 Revenues Less:Other 78-130,947157,34215,416 --- 765-122,104144,18284,130841-120,429142,02791,694917-118,622139,74099,222992-116,685137,322106,706 154-130,650156,56523,019230-130,156155,59130,647306-129,531154,48638,295383-128,709153,18445,954460-127,690151,68653,615536-126,539150,05661,271613-125,192148,23068,913689-123,714146,27276,535 Income Less:Interest ------------1,067-109,431129,587113,893-8,033-1,877,9822,231,095 ----- Revenues Less:SalesTax ------------------ Water Less:Storm ------------------ Less:Water -- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary -- Less:SpecialAssessments -- toTaxLevy 105%Subject -- TaxLevy P&ISubjectto -- -- 247,2022,117,2022,117,2022,223,062345,081- DEBTSERVICEPAYMENTS -- PrincipalRatesInterestTotal 125,0001.300%19,025144,025144,025151,22623,537-125,0001.450%17,400142,400142,400149,52022,981-125,0001.550%15,588140,588140,588147,61722,425-125,0001.650%13,650138,650138,650145,58321,869-125,0001.70 0%11,588136,588136,588143,41721,313-125,0001.800%9,463134,463134,463141,18620,757-125,0001.900%7,213132,213132,213138,82320,201-125,0001.950%4,838129,838129,838136,32919,645-120,0002.000%2,400122,400 122,400128,52019,089- 125,0000.600%31,977156,977156,977164,82627,243-125,0000.650%24,775149,775149,775157,26426,317-125,0000.800%23,963148,963148,963156,41125,761-125,0000.900%22,963147,963147,963155,36125,205-125,0001.05 0%21,838146,838146,838154,17924,649-125,0001.200%20,525145,525145,525152,80124,093- 1,870,000 31109/14/21$1,870,000December1$1,870,000December1,2029December1,2032 1Scheduleispreliminary. NOTES Total 20202021202220232024202520262027202820292030203120322033203420352036 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN -- Balance EndingCash 46 -- Page -- NetTaxLevyTotal ---106,350161,0117,667 Revenues Less:Other 77-103,417156,35115,185 --- 152-103,744155,50522,735227-103,859154,44630,306303-98,581147,99637,642376-98,397146,63644,983450-98,007145,07252,320523-97,481143,37059,645596-96,751141,46466,950669-95,884139,42274,227 Income Less:Interest --------3,374-1,002,4711,491,273 ----- Revenues Less:SalesTax ------------- Water Less:Storm ------------- Less:Water -- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary -- Less:SpecialAssessments -- toTaxLevy 105%Subject -- TaxLevy P&ISubjectto -- -- 97,0461,417,0461,417,0461,487,899485,428- DEBTSERVICEPAYMENTS -- PrincipalRatesInterestTotal 130,0001.450%6,045136,045136,045142,84745,366-130,0001.550%4,160134,160134,160140,86844,117-130,0001.650%2,145132,145132,145138,75242,869- 135,0000.600%18,344153,344153,344161,01154,661-135,0000.650%13,833148,833148,833156,27452,857-135,0000.800%12,955147,955147,955155,35351,609-135,0000.900%11,875146,875146,875154,21950,360-130,0001.05 0%10,660140,660140,660147,69349,112-130,0001.200%9,295139,295139,295146,26047,863-130,0001.300%7,735137,735137,735144,62246,614- 1,320,000 31109/14/21$1,870,000December1$1,320,000December1,2029December1,2032 1Scheduleispreliminary. NOTES Total 202020212022202320242025202620272028202920302031 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN -- Balance EndingCash 47 -- Page ---571,49327,214-568,59554,549-581,03582,737-582,031111,241-104,666117,284-114,179123,838-112,922130,395-2,634,921 NetTaxLevyTotal --- Revenues Less:Other --- 272-545-827- Income Less:Interest -- -----1,112--1,173--1,238--5,169- Revenues Less:SalesTax -- Water Less:Storm -- Less:Water ---571,493--568,323--580,490--581,204--103,554--113,006--111,683--2,629,753- SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS Sewer Less:Sanitary -- Less:SpecialAssessments -- toTaxLevy 105%Subject -- TaxLevy P&ISubjectto -- -- 69,5262,504,5262,504,5262,629,753- DEBTSERVICEPAYMENTS -- PrincipalRatesInterestTotal95,0001.050%3,62398,62398,623103,554- 520,0000.600%24,279544,279544,279571,493-525,0000.650%16,260541,260541,260568,323-540,0000.800%12,848552,848552,848580,490-545,0000.900%8,528553,528553,528581,204-105,0001.200%2,625107,625107,625113, 006-105,0001.300%1,365106,365106,365111,683- 2,435,000 60109/14/21$1,870,000December1$2,435,000December1,2029December1,2032 1Scheduleispreliminary. NOTES Total 202020212022202320242025202620272028 YearPrincipalDue CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity: CityofSt.Joseph,MN THIS PAGE INTENTIONALLY LEFT BLANK Council Agenda Item 6b ______ MEETING DATE:August 16, 2021 AGENDA ITEM: 2021A GO Bonds Issuance SUBMITTED BY: Finance BOARD/COMMISSION/COMMITTEE RECOMMENDATION: None PREVIOUS COUNCIL ACTION: Council approved the refinancing of the 2012A bonds. Council accepted bids for the 2021 street improvement project and certified the corresponding assessments. Council approved trigger resolution to sell bonds in the morning of August 16, 2021. BACKGROUND INFORMATION: Northland Securities was hired for the 2021A bonds. Taft (formally Briggs and Morgan) are representing the City as bond counsel. The bond sale will go to market in the morning on 8/16. The excellent bond rating of AA- Stable from S&P Global put the City in a good position for the sale. A reoffering premium was built into the sale to be the most attractive in the market. There is one resolution to consider for the bond issuance and sale in the amount of $5,625,000. The 2021A resolution includes financing the 2021 street improvements and a current refunding of the 2012A bonds (water treatment plant two and wells 6,7,8) for an interest savings. The final attached document is a summary from S&P Global on the bond rating of AA- Stable. This is good reading and kudos to Council’s policies. With the uncertainty of the pandemic, many communities are experiencing downgrades in the bond rating. Because St. Joseph has strong financial policies and reserves, S&P Global felt the City will be able to weather possible economic downturns. Both resolutions will be finalized on Monday after the bonds are sold on the market. BUDGET/FISCAL IMPACT: $4,475,000 Bond Issues ATTACHMENTS: Request for Council Action – 2021A GO Bond Issuance Resolution 2021-046 Issuance and Sale GO Bonds, Series 2021A Standards and Poors Global Bond Rating Summary REQUESTED COUNCIL ACTION: Consider adoption of Resolution 2021-046 providing for the issuance and sale of the GO Bonds, series 2021A. EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL CITY OF ST. JOSEPH, MINNESOTA HELD: AUGUST 16, 2021 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 August 16, 2021, at 6:00 P.M, for the purpose, in part, of providing for the issuance and sale of $5,375,000 General Obligation Bonds, Series 2021A. The following members were present: and the following were absent: Member _______________ introduced the following resolution and moved its adoption: RESOLUTION NO. __________ RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $5,375,000 GENERAL OBLIGATION BONDS, SERIES 2021A, PLEDGING FOR THE SECURITY THEREOF SPECIAL ASSESSMENTS, NET REVENUES AND LEVYING A TAX FOR THE PAYMENT THEREOF A. WHEREAS, the City Council of the City of St. Joseph, Minnesota (the "City") has heretofore determined and declared that it is necessary and expedient to issue $5,375,000 General Obligation Bonds, Series 2021A (the "Bonds" or individually, a "Bond"), pursuant to Minnesota Statutes, Chapters 475; and 1. Section 429 to finance various public improvement projects within the City (the "Improvements"); and 2. Section 475.67 to current refund the City's General Obligation Water Revenue Crossover Refunding Bonds, Series 2012A, in the original principal amount of $4,860,000, dated April 1, 2012, (the "Prior Bonds"); B. WHEREAS, the Improvements and all their components have been ordered prior to the date hereof, after a hearing thereon for which notice was given describing the Improvements or all their components by general nature, estimated cost, and area to be assessed; and C. WHEREAS, $2,390,000 aggregate principal amount of the Prior Bonds which matures on and after December 1, 2022 (the "Refunded Bonds"), are callable on December 1, 2021 (the "Call Date"), at a price of par plus accrued interest, as provided in the resolution adopted by the City Council on March 15, 2012, authorizing the issuance of the Prior Bonds (the "Prior Resolution"); and 13586342v1 D.WHEREAS, the refunding of the Refunded Bonds on the Call Date is consistent with covenants made with the holders thereof, and is necessary and desirable for the reduction of debt service cost to the City; and E.WHEREAS, the City owns and operates municipal sewer system (the "Sewer System") and a municipal water system (the "Water System" and together with the Sewer System, the "System") as separate revenue producing public utilities; and F. WHEREAS, the net revenues of the Water System are pledged to the payment of the City's outstanding (i) General Obligation Water Revenue Bonds, Series 2017, in the original principal amount of $1,744,736, dated October 9, 2017; and (ii) the "Water System Portion" of the $697,000 original principal amount of General Obligation Bonds, Series 2017B, dated August 30, 2017 (together, the "Outstanding Water Bonds"); and G. WHEREAS, the net revenues of the System are pledged to the payment of the City's outstanding the "System Portion" of the (i) the "System Portion" of the $660,000 original principal amount of General Obligation Bonds, Series 2014A, dated June 15, 2014; and (ii) the "System Portion" of the $445,000 original principal amount of Taxable General Obligation Crossover Refunding Bonds, Series 2020C, dated November 12, 2020 (the "Outstanding System Bonds"); and H. WHEREAS, the City has retained Blue Rose Capital Advisors, in Minneapolis, Minnesota, as its independent municipal 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 I. WHEREAS, it is in the best interests of the City that the Bonds be issued in book- entry form as hereinafter provided; and NOW, THEREFORE, BE IT RESOLVED by the Council of the City of St. Joseph, Minnesota, as follows: 1.Acceptance of Proposal. The offer of Northland Securities, Inc. (the "Purchaser"), to purchase the Bonds of the City (or individually, a "Bond"), in accordance with the terms and at the rates of interest hereinafter set forth, and to pay therefor the sum of $5,924,551.10, plus interest accrued to settlement, is hereby accepted. 2.Allocation. The aggregate principal amount of $3,190,000 maturing in each of the years and amounts hereinafter set forth are issued to finance the Improvements (the "Improvement Portion"); the aggregate principal amount of $2,185,000 maturing in each of the years and amounts hereinafter set forth are issued to finance the refunding of the Refunded Bonds (the "Refunding Portion"): Improvement Refunding YearPortionPortionTotal 2022 $260,000$430,000 $690,000 2023 260,000470,000 730,000 2 13586342v1 Improvement Refunding YearPortionPortionTotal 2024$260,000$495,000 $755,000 2025 260,000515,000 775,000 2026 255,00080,000 335,000 2027255,00095,000350,000 2028255,000100,000355,000 2029 255,000 255,000 2030 255,000 255,000 2031 255,000 255,000 2032 125,000 125,000 2033125,000125,000 2034 125,000 125,000 2035 125,000 125,000 2036120,000120,000 If Bonds are prepaid, the prepayments shall be allocated to the portions of debt service (and hence allocated to the payment of Bonds treated as relating to a particular portion of debt service) as provided in this paragraph. If the source of prepayment moneys is the general fund of the City, or other generally available source, including the levy of taxes, the prepayment may be allocated to the portions of debt service in such amounts as the City shall determine. If the source of a prepayment is excess net revenues of the Water System pledged to the Refunding, the prepayment shall be allocated to the Refunding Portion of debt service. 3.Bond Terms. (a) Original Issue Date; Denominations; Maturities. The Bonds shall be dated September 14, 2021, as the date of original issue, be issued forthwith on or after such date in fully registered form, be numbered from R-1 upward in the denomination of $5,000 each or in any integral multiple thereof of a single maturity (the "Authorized Denominations") and mature on December 15 in the years and amounts as follows: YearAmountYearAmount 2022 $690,0002030 $255,000 2023 730,0002031 255,000 2024 755,0002032 125,000 2025 775,000 2033 125,000 2026 335,0002034 125,000 2027 350,0002035 125,000 2028 355,0002036 120,000 2029 255,000 As may be requested by the Purchaser, one or more term Bonds may be issued having mandatory sinking fund redemption and final maturity amounts conforming to the foregoing 3 13586342v1 principal repayment schedule, and corresponding additions may be made to the provisions of the applicable Bond(s). The maximum principal and interest to become due in any year on the Outstanding CIP Bonds and the Bonds issued under Minnesota Statutes, Section 475.521 is less than 0.16 percent of the estimated market value of property in the City. (b) Book Entry Only System. The Depository Trust Company, a limited purpose trust company organized under the laws of the State of New York or any of its successors or its successors to its functions hereunder (the "Depository") will act as securities depository for the Bonds, and to this end: (i) The Bonds shall be initially issued and, so long as they remain in book entry form only (the "Book Entry Only Period"), shall at all times be in the form of a separate single fully registered Bond for each maturity of the Bonds; and for purposes of complying with this requirement under paragraphs 5 and 10 Authorized Denominations for any Bond shall be deemed to be limited during the Book Entry Only Period to the outstanding principal amount of that Bond. (ii) Upon initial issuance, ownership of the Bonds shall be registered in a bond register maintained by the Bond Registrar (as hereinafter defined) in the name of CEDE & CO, as the nominee (it or any nominee of the existing or a successor Depository, the "Nominee"). (iii) With respect to the Bonds neither the City nor the Bond Registrar shall have any responsibility or obligation to any broker, dealer, bank, or any other financial institution for which the Depository holds Bonds as securities depository (the "Participant") or the person for which a Participant holds an interest in the Bonds shown on the books and records of the Participant (the "Beneficial Owner"). Without limiting the immediately preceding sentence, neither the City, nor the Bond Registrar, shall have any such responsibility or obligation with respect to (A) the accuracy of the records of the Depository, the Nominee or any Participant with respect to any ownership interest in the Bonds, or (B) the delivery to any Participant, any Owner or any other person, other than the Depository, of any notice with respect to the Bonds, including any notice of redemption, or (C) the payment to any Participant, any Beneficial Owner or any other person, other than the Depository, of any amount with respect to the principal of or premium, if any, or interest on the Bonds, or (D) the consent given or other action taken by the Depository as the Registered Holder of any Bonds (the "Holder"). For purposes of securing the vote or consent of any Holder under this Resolution, the City may, however, rely upon an omnibus proxy under which the Depository assigns its consenting or voting rights to certain Participants to whose accounts the Bonds are credited on the record date identified in a listing attached to the omnibus proxy. (iv)The City and the Bond Registrar may treat as and deem the Depository to be the absolute owner of the Bonds for the purpose of payment of the principal of and 4 13586342v1 premium, if any, and interest on the Bonds, for the purpose of giving notices of redemption and other matters with respect to the Bonds, for the purpose of obtaining any consent or other action to be taken by Holders for the purpose of registering transfers with respect to such Bonds, and for all purpose whatsoever. The Bond Registrar, as paying agent hereunder, shall pay all principal of and premium, if any, and interest on the Bonds only to the Holder or the Holders of the Bonds as shown on the bond register, 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 premium, if any, and interest on the Bonds to the extent of the sum or sums so paid. (v) Upon delivery by the Depository to the Bond Registrar of written notice to the effect that the Depository has determined to substitute a new Nominee in place of the existing Nominee, and subject to the transfer provisions in paragraph 10, references to the Nominee hereunder shall refer to such new Nominee. (vi)So long as any Bond is registered in the name of a Nominee, all payments with respect to the principal of and premium, if any, and interest on such Bond and all notices with respect to such Bond shall be made and given, respectively, by the Bond Registrar or City, as the case may be, to the Depository as provided in the Letter of Representations to the Depository required by the Depository as a condition to its acting as book-entry Depository for the Bonds (said Letter of Representations, together with any replacement thereof or amendment or substitute thereto, including any standard procedures or policies referenced therein or applicable thereto respecting the procedures and other matters relating to the Depository's role as book-entry Depository for the Bonds, collectively hereinafter referred to as the "Letter of Representations"). (vii) All transfers of beneficial ownership interests in each Bond issued in book-entry form shall be limited in principal amount to Authorized Denominations and shall be effected by procedures by the Depository with the Participants for recording and transferring the ownership of beneficial interests in such Bonds. (viii) In connection with any notice or other communication to be provided to the Holders pursuant to this Resolution by the City or Bond Registrar with respect to any consent or other action to be taken by Holders, the Depository shall consider the date of receipt of notice requesting such consent or other action as the record date for such consent or other action; provided, that the City or the Bond Registrar may establish a special record date for such consent or other action. The City or the Bond Registrar shall, to the extent possible, give the Depository notice of such special record date not less than fifteen calendar days in advance of such special record date to the extent possible. (ix) Any successor Bond Registrar in its written acceptance of its duties under this Resolution and any paying agency/bond registrar agreement, shall agree to take any actions necessary from time to time to comply with the requirements of the Letter of Representations. 5 13586342v1 (c) Termination of Book-Entry Only System. Discontinuance of a particular Depository's services and termination of the book-entry only system may be effected as follows: (i)The Depository may determine to discontinue providing its services with respect to the Bonds at any time by giving written notice to the City and discharging its responsibilities with respect thereto under applicable law. The City may terminate the services of the Depository with respect to the Bond if it determines that the Depository isno longer able to carry out its functions as securities depository or the continuation of the system of book-entry transfers through the Depository is not in the best interests of the City or the Beneficial Owners. (ii) Upon termination of the services of the Depository as provided in the preceding paragraph, and if no substitute securities depository is willing to undertake the functions of the Depository hereunder can be found which, in the opinion of the City, is willing and able to assume such functions upon reasonable or customary terms, or if the City determines that it is in the best interests of the City or the Beneficial Owners of the Bond that the Beneficial Owners be able to obtain certificates for the Bonds, the Bonds shall no longer be registered as being registered in the bond register in the name of the Nominee, but may be registered in whatever name or names the Holder of the Bonds shall designate at that time, in accordance with paragraph 10. To the extent that the Beneficial Owners are designated as the transferee by the Holders, in accordance with paragraph 10, the Bonds will be delivered to the Beneficial Owners. (iii) Nothing in this subparagraph (d) shall limit or restrict the provisions of paragraph 10. (d) Letter of Representations. The provisions in the Letter of Representations are incorporated herein by reference and made a part of the resolution, and if and to the extent any such provisions are inconsistent with the other provisions of this resolution, the provisions in the Letter of Representations shall control. 4.Purpose; Findings. The Bonds shall provide funds to finance the Improvements, (the "Project") and to current refund the Refunded Bonds (the "Refunding"). The total cost of the Project, which shall include all costs enumerated in Minnesota Statutes, Section 475.65, is estimated to be at least equal to the amount of the Improvement Portion of the Bonds. The City covenants that it shall do all things and perform all acts required of it to assure that work on the Project proceeds with due diligence to completion and that any and all permits and studies required under law for the Project are obtained. It is hereby found, determined and declared that the Refunding is pursuant to Minnesota Statutes, Section 475.67, and shall result in a reduction of debt service cost to the City. 5.Interest. The Bonds shall bear interest payable semiannually on June 15 and December 15 of each year (each, an "Interest Payment Date"), commencing June 15, 2022, calculated on the basis of a 360-day year of twelve 30-day months, at the respective rates per annum set forth opposite the maturity years as follows: 6 13586342v1 Maturity YearInterest RateMaturity YearInterest Rate 20224.000%20302.000% 20234.00020312.000 2024 4.000 2032 2.000 2025 4.000 2033 2.000 20264.00020342.000 20274.000 20352.000 2028 4.000 2036 2.000 2029 4.000 6.Redemption. All Bonds maturing on December 15, 2030, and thereafter, shall be subject to redemption and prepayment at the option of the City on December 15, 2029, and on any date thereafter at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and the principal amounts within each maturity to be redeemed shall be determined by the City; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date, and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each affected registered holder of the Bonds thirty (30) days prior to the date fixed for redemption. To effect a partial redemption of Bonds having a common maturity date, the Bond Registrar prior to giving notice of redemption shall assign to each Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers so assigned to such Bonds, as many numbers as, at $5,000 for each number, shall equal the principal amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the principal amount of each such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000for each number assigned to it and so selected. If a Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar (with, if the City or Bond Registrar so requires, a written instrument of transfer in form satisfactory to the City and Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the City shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of the Bond, without service charge, a new Bond or Bonds having the same stated maturity and interest rate and of any Authorized Denomination or Denominations, as requested by the Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. 7.Bond Registrar. Northland Trust Services, Inc., in Minneapolis, Minnesota, is appointed to act as bond registrar and transfer agent with respect to the Bonds (the "Bond Registrar"), and shall do so unless and until a successor Bond Registrar is duly appointed, all pursuant to any contract the City and Bond Registrar shall execute which is consistent herewith. The Bond Registrar shall also serve as paying agent unless and until a successor paying agent is 7 13586342v1 duly appointed. Principal and interest on the Bonds shall be paid to the registered holders (or record holders) of the Bonds in the manner set forth in the form of Bond and in paragraph 13. 8.Form of Bond. The Bonds, together with the Bond Registrar's Certificate of Authentication, the form of Assignment and the registration information thereon, shall be in substantially the following form: 8 13586342v1 UNITED STATES OF AMERICA STATE OF MINNESOTA STEARNS COUNTY CITY OF ST. JOSEPH R-_______$_________ GENERAL OBLIGATION BOND, SERIES 2021A Interest RateMaturity DateDate of Original IssueCUSIP December 15, 20 September 14, 2021 % REGISTERED OWNER:CEDE & CO. PRINCIPAL AMOUNT: THE CITY OF ST. JOSEPH, STEARNS COUNTY, MINNESOTA (the "Issuer"), certifies that it is indebted and for value received promises to pay to the registered owner specified above, or registered assigns, unless called for earlier redemption, in the manner hereinafter set forth, the principal amount specified above, on the maturity date specified above, and to pay interest thereon semiannually on June 15 and December 15 of each year (each, an "Interest Payment Date"), commencing June 15, 2022, at the rate per annum specified above (calculated on the basis of a 360-day year of twelve 30-day months) until the principal sum is paid or has been provided for. This Bond will bear interest from the most recent Interest Payment Date to which interest has been paid or, ifno interest has been paid, from the date of original issue hereof. The principal of and premium, if any, on this Bond are payable upon presentation and surrender hereof at the principal office of Northland Trust Services, Inc., in Minneapolis, Minnesota (the "Bond Registrar"), acting as paying agent, or any successor paying agent duly appointed by the Issuer. Interest on this Bond will be paid on each Interest Payment Date by check or draft mailed to the person in whose name this Bond is registered (the "Holder" or "Bondholder") on the registration books of the Issuer maintained by the Bond Registrar and at the address appearing thereon at the close of business on the first day of the calendar month of such Interest Payment Date (the "Regular Record Date"). Any interest not so timely paid shall cease to be payable to the person who is the Holder hereof as of the Regular Record Date, and shall be payable to the person who is the Holder hereof at the close of business on a date (the "Special Record Date") fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest. Notice of the Special Record Date shall be given to Bondholders not less than ten days prior to the Special Record Date. The principal of and premium, if any, and interest on this Bond are payable in lawful money of the United States of America. So long as this Bond is registered in the name of the Depository or its Nominee as provided in the Resolution hereinafter described, and as those terms are defined therein, payment of principal of, premium, if any, and interest on this Bond and notice with respect thereto shall be made as provided in the Letter of Representations, as defined in the Resolution, and surrender of this Bond shall not be required for payment of the redemption price upon a partial redemption of this Bond. Until termination of the book-entry only system pursuant to the Resolution, Bonds may only be registered in the name of the Depository or its Nominee. 9 13586342v1 Optional Redemption. All Bonds of this issue (the "Bonds") maturing on December 15, 2030, and thereafter, are subject to redemption and prepayment at the option of the Issuer on December 15, 2029, and on any date thereafter at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and the principal amounts within each maturity to be redeemed shall be determined by the Issuer; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date, and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each affected registered holder of the Bonds thirty (30) days prior to the date fixed for redemption. Prior to the date on which any Bond or Bonds are directed by the Issuer to be redeemed in advance of maturity, the Issuer will cause notice of the call thereof for redemption identifying the Bonds to be redeemed to be mailed to the Bond Registrar and all Bondholders, at the addresses shown on the Bond Register. All Bonds so called for redemption will cease to bear interest on the specified redemption date, provided funds for their redemption have been duly deposited. Selection of Bonds for Redemption; Partial Redemption. To effect a partial redemption of Bonds having a common maturity date, the Bond Registrar shall assign to each Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers assigned to the Bonds, as many numbers as, at $5,000 for each number, shall equal the principal amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the principal amount of such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. If a Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar (with, if the Issuer or Bond Registrar so requires, a written instrument of transfer in form satisfactory to the Issuer and Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the Issuer shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of the Bond, without service charge, a new Bond or Bonds having the same stated maturity and interest rate and of any Authorized Denomination or Denominations, as requested by the Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. Issuance; Purpose; General Obligation. This Bond is one of an issue in the total principal amount of $5,375,000, all of like date of original issue and tenor, except as to number, maturity, interest rate, denomination and redemption privilege, issued pursuant to and in full conformity with the Constitution and laws of the State of Minnesota and pursuant to a resolution adopted by the City Council of the Issuer on August 16, 2021 (the "Resolution"), for the purpose of (i) providing money to finance various improvement projects within the jurisdiction of the Issuer, and (ii) for a current refunding of certain outstanding general obligation bonds of the Issuer. This Bond is payable out of the General Obligation Bonds, Series 2021A Fund of the Issuer. This Bond constitutes a general obligation of the Issuer, and to provide moneys for the prompt and full payment of its principal, premium, if any, and interest when the same become due, the 10 13586342v1 full faith and credit and taxing powers of the Issuer have been and are hereby irrevocably pledged. Denominations; Exchange; Resolution. The Bonds are issuable solely in fully registered form in Authorized Denominations (as defined in the Resolution) and are exchangeable for fully registered Bonds of other Authorized Denominations in equal aggregate principal amounts at the principal office of the Bond Registrar, but only in the manner and subject to the limitations provided in the Resolution. Reference is hereby made to the Resolution for a description of the rights and duties of the Bond Registrar. Copies of the Resolution are on file in the principal office of the Bond Registrar. Transfer. This Bond is transferable by the Holder in person or the Holder's attorney duly authorized in writing at the principal office of the Bond Registrar upon presentation and surrender hereof to the Bond Registrar, all subject to the terms and conditions provided in the Resolution and to reasonable regulations of the Issuer contained in any agreement with the Bond Registrar. Thereupon the Issuer shall execute and the Bond Registrar shall authenticate and deliver, in exchange for this Bond, one or more new fully registered Bonds in the name of the transferee (but not registered in blank or to "bearer" or similar designation), of an Authorized Denomination or Denominations, in aggregate principal amount equal to the principal amount of this Bond, of the same maturity and bearing interest at the same rate. Fees upon Transfer or Loss. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of this Bond and any legal or unusual costs regarding transfers and lost Bonds. Treatment of Registered Owners. The Issuer and Bond Registrar may treat the person in whose name this Bond is registered as the owner hereoffor the purpose of receiving payment as herein provided (except as otherwise provided herein with respect to the Record Date) and for all other purposes, whether or not this Bond shall be overdue, and neither the Issuer nor the Bond Registrar shall be affected by notice to the contrary. Authentication. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security unless the Certificate of Authentication hereon shall have been executed by the Bond Registrar. Qualified Tax-Exempt Obligation. This Bond has been designated by the Issuer as a "qualified tax-exempt obligation" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to happen and to be performed, precedent to and in the issuance of this Bond, have been done, have happened and have been performed, in regular and due form, time and manner asrequired by required by law; that the Issuer has covenanted and agreed with the Holders of the Bonds that it will impose and collect charges for the service, use and availability of the municipal water system (the "Water System") at the times and in amounts necessary to produce net revenues, together with other sums pledged to the payment of the Refunding Portion of the Bonds, as defined in the 11 13586342v1 Resolution, adequate to pay all principal and interest when due on the Refunding Portion of the Bonds; and that the Issuer will levy a direct, annual, irrepealable ad valorem tax upon all of the taxable property of the Issuer, without limitation as to rate or amount, for the years and in amounts sufficient to pay the principal and interest on the Refunding Portion of the Bonds as they respectively become due, if the net revenues from the Water System, and any other sums irrevocably appropriated to the Debt Service Account are insufficient therefor; and that this Bond, together with all other debts of the Issuer outstanding on the date of original issue hereof and the date of its issuance and delivery to the original purchaser, does not exceed any constitutional or statutory limitation of indebtedness. IN WITNESS WHEREOF, the City of St. Joseph, Stearns County, Minnesota, by its City Council has caused this Bond to be executed on its behalf by the facsimile signatures of its Mayor and its Administrator, the corporate seal of the Issuer having been intentionally omitted as permitted by law. Registrable by:NORTHLAND TRUST Date of Registration: SERVICES, INC. Payable at:NORTHLAND TRUST SERVICES, INC. BOND REGISTRAR'S CERTIFICATE OF CITY OF ST. JOSEPH, AUTHENTICATION STEARNS COUNTY, MINNESOTA This Bond is one of the Bonds described in the Resolution mentioned within. /s/ Facsimile Mayor NORTHLAND TRUST SERVICES, INC. Minneapolis, Minnesota Bond Registrar /s/ Facsimile By: Administrator Authorized Signature 12 13586342v1 ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to 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 UTMA - ___________ as custodian for ______________ (Cust) (Minor) under the _____________________ Uniform (State) Transfers to Minors Act Additional abbreviations may also be used though not in the above list. ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto ________________________________________________________________ the within Bond and does hereby irrevocably constitute and appoint _________________ attorney to transfer the Bond on the books kept for the registration thereof, with full power of substitution in the premises. Dated:_________________ ____________________________________________ Notice: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. Signature Guaranteed: ___________________________ Signature(s) must be guaranteed by a national bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges or any other "Eligible Guarantor Institution" as defined in 17 CFR 240.17 Ad-15(a)(2). The Bond Registrar will not affect transfer of this Bond unless the information concerning the transferee requested below is provided. Name and Address: ________________________________________ ________________________________________ ________________________________________ (Include information for all joint owners if the Bond is held by joint account.) 13 13586342v1 9.Execution. The Bonds shall be in typewritten form, shall be executed on behalf of the City by the signatures of its Mayor and Administrator and be sealed with the seal of the City; provided, as permitted by law, both signatures may be photocopied facsimiles and the corporate seal has been omitted. In the event of disability or resignation or other absence of either officer, the Bonds may be signed by the manual or facsimile signature of the officer who may act on behalf of the absent or disabled officer. In case either officer whose signature or facsimile of whose signature shall appear on the Bonds shall cease to be such officer before the delivery of the Bonds, the signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if the officer had remainedin office until delivery. 10.Authentication. No Bond shall be valid or obligatory for any purpose or be entitled to any security or benefit under this resolution unless a Certificate of Authentication on the Bond, substantially in the form hereinabove set forth, shall have been duly executed by an authorized representative of the Bond Registrar. Certificates of Authentication on different Bonds need not be signed by the same person. The Bond Registrar shall authenticate the signatures of officers of the City on each Bond by execution of the Certificate of Authentication on the Bond and by inserting as the date of registration in the space provided the date on which the Bond is authenticated, except that for purposes of delivering the original Bonds to the Purchaser, the Bond Registrar shall insert as a date of registration the date of original issue of September 14, 2021. The Certificate of Authentication so executed on each Bond shall be conclusive evidence that it has been authenticated and delivered under this resolution. 11.Registration; Transfer; Exchange. The City will cause to be kept at the principal office of the Bond Registrar a bond register in which, subject to such reasonable regulations as the Bond Registrar may prescribe, the Bond Registrar shall provide for the registration of Bonds and the registration of transfers of Bonds entitled to be registered or transferred as herein provided. Upon surrender for transfer of any Bond at the principal office of the Bond Registrar, the City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of registration (as provided in paragraph 9) of, and deliver, in the name of the designated transferee or transferees, one or more new Bonds of any Authorized Denomination or Denominations of a like aggregate principal amount, having the same stated maturity and interest rate, as requested by the transferor; provided, however, that no Bond may be registered in blank or in the name of "bearer" or similar designation. At the option of the Holder, Bonds may be exchanged for Bonds of any Authorized Denomination or Denominations of a like aggregate principal amount and stated maturity, upon surrender of the Bonds to be exchanged at the principal office of the Bond Registrar. Whenever any Bonds are so surrendered for exchange, the City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of registration of, and deliver the Bonds which the Holder making the exchange is entitled to receive. All Bonds surrendered upon any exchange or transfer provided for in this resolution shall be promptly canceled by the Bond Registrar and thereafter disposed of as directed by the City. 14 13586342v1 All Bonds delivered in exchange for or upon transfer of Bonds shall be valid general obligations of the City evidencing the same debt, and entitled to the same benefits under this resolution, as the Bonds surrendered for such exchange or transfer. Every Bond presented or surrendered for transfer or exchange shall be duly endorsed or be accompanied by a written instrument of transfer, in form satisfactory to the Bond Registrar, duly executed by the Holder thereof or his, her or its attorney duly authorized in writing The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of any Bond and any legal or unusual costs regarding transfers and lost Bonds. Transfers shall also be subject to reasonable regulations of the City contained in any agreement with the Bond Registrar, including regulations which permit the Bond Registrar to close its transfer books between record dates and payment dates. The Administrator is hereby authorized to negotiate and execute the terms of said agreement. 12.Rights Upon Transfer or Exchange. Each Bond delivered upon transfer of or in exchange for or in lieu of any other Bond shall carry all the rights to interest accrued and unpaid, and to accrue, which were carried by such other Bond. 13.Interest Payment; Record Date. Intereston any Bond shall be paid on each Interest Payment Date by check or draft mailed to the person in whose name the Bond is registered (the "Holder") on the registration books of the City maintained by the Bond Registrar and at the address appearing thereon at the close of business on the first day of the calendar month of such Interest Payment Date (the "Regular Record Date"). Any such interest not so timely paid shall cease to be payable to the person who is the Holder thereof as of the Regular Record Date, and shall be payable to the person who is the Holder thereof at the close of business on a date (the "Special Record Date") fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest. Notice of the Special Record Date shall be given by the Bond Registrar to the Holders not less than ten days prior to the Special Record Date. 14.Treatment of Registered Owner. The City and Bond Registrar may treat the person in whose name any Bond is registered as the owner of such Bond for the purpose of receiving payment of principal of and premium, if any, and interest (subject to the payment provisions in paragraph 12) on, such Bond and for all other purposes whatsoever whether or not such Bond shall be overdue, and neither the Citynor the Bond Registrar shall be affected by notice to the contrary. 15.Delivery; Application of Proceeds. The Bonds when so prepared and executed shall be delivered by the Finance Director to the Purchaser upon receipt of the purchase price, and the Purchaser shall not be obliged to see to the proper application thereof. 16.Fund and Accounts. There is hereby created a special fund to be designated the "General Obligation Bonds, Series 2021A Fund" (the "Fund") to be administered and maintained by the Finance Director as a bookkeeping account separate and apart from all other funds maintained in the official financial records of the City. The Fund shall be maintained in the 15 13586342v1 manner herein specified until all of the Bonds and the interest thereon have been fully paid. The Operation and Maintenance Account heretofore established by the City for the Water System shall continue to be maintained in the manner heretofore and herein provided by the City. All moneys remaining after paying or providing for the items set forth in the resolution(s) establishing the Operation and Maintenance Account shall constitute or are referred to as "net revenues" until the Refunding Portion of the Bonds have been paid. In such records there shall be established accounts of the Fund for the purposes and in the amounts as follow: (a)Construction Account. To the Construction Account shall be credited the proceeds of the sale of the Improvement Portion of the Bonds, plus any special assessments levied with respect to the Improvements and collected prior to completion of the Improvements and payment of the costs thereof. From the Construction Account there shall be paid the costs of issuance of the Improvement Portion of the Bonds and all costs and expenses of making the Improvements, including the cost of any construction contracts heretofore let and all other costs incurred and to be incurred of the kind authorized in Minnesota Statutes, Section 475.65; and the moneys in the Construction Account shall be used for no other purpose except as otherwise provided by law; provided that the proceeds of the Improvement Portion of the Bonds may also be used to the extent necessary to pay interest on the Improvement Portion of the Bonds due prior to the anticipated date of commencement of the receipt of the collection of taxes or special assessments herein levied or covenanted to be levied; and provided further that if upon completion of the Improvements there shall remain any unexpended balance in the Construction Account, the balance (other than any special assessments) may be transferred to the Debt Service Account or may be transferred to the fund of any other improvement instituted pursuant to Minnesota Statutes, Chapter 429, and provided further that any special assessments credited to the Construction Account shall only be applied towards payment of the costs of the Improvements upon adoption of a resolution by the City Council determining that the application of the special assessments for such purpose will not cause the City to no longer be in compliance with Minnesota Statutes, Section 475.61, Subdivision 1. (b) Payment Account. To the Payment Account there shall be credited the proceeds of the sale of the Refunding Portion of the Bonds. From the Payment Account, on or prior to the Call Date, the Finance Director shall transfer, from the Refunding Portion of the Bonds to the paying agent for the Prior Bonds, the amount of $2,390,000. The proceeds deposited in the Payment Account are sufficient, together with other fundson deposit in the Debt Service Account for the Refunded Bonds, to pay the principal and interest due on the Refunded Bonds on the Call Date, including the principal of the Refunded Bonds called for redemption on the Call Date. The remainder of the monies in the Payment Account shall be used to pay the costs of issuance of the Refunding Portion of the Bonds. Any monies remaining in the Payment Account after payment of all costs of issuance and payment of the Refunded Bonds shall be transferred to the Debt Service Account. (c) Debt Service Account. There shall be maintained the following separate subaccounts in the Debt Service Account to be designated the "Improvement Debt Service Subaccount" and the "Refunding Portion Debt Service Subaccount". There are hereby irrevocably appropriated and pledged to, and there shall be credited to, the separate subaccounts of the Debt Service Account: 16 13586342v1 (i) Improvement Debt Service Subaccount. To the Improvement Debt Service Subaccount there is hereby pledged and irrevocably appropriated and there shall be credited (1) all collections of special assessments herein covenanted to be levied with respect to the Improvements and either initially credited to the Construction Account and not already spent as permitted above and required to pay any principal and interest due on the Improvement Portion of the Bonds or collected subsequent to the completion of the Improvements and payment of the costs thereof; (2) all funds remaining in the Construction Account after completion of the Project and payment of the costs thereof; (3) any collection of all taxes herein or hereafter levied for the payment of the Improvement Portion of the Bonds; (4) all investment earnings on funds held in the Improvement Debt Service Subaccount; and (5) any and all other moneys which are properly available and are appropriated by the governing body of the City to the Improvement Debt Service Subaccount. The Improvement Debt Service Subaccount shall be used solely to pay the principal and interest and any premiums for redemption of the Improvement Portion of the Bonds and any other general obligation bonds of the City hereafter issued by the City and made payable from the account as provided by law. (ii) Refunding Portion Debt Service Subaccount. To the Refunding Portion Debt Service Subaccount are hereby irrevocably appropriated, pledged to and there shall be credited to: (1) the net revenues of the Water System not otherwise pledged and applied to the payment of other obligations of the City, in an amount, together with other funds which may herein or hereafter from time to time be irrevocably appropriated sufficient to meet the requirements of Minnesota Statutes, Section 475.61 for the payment of the principal and interest of the Refunding Portionof the Bonds; (2) any collections of all taxes which may hereafter be levied in the event that the net revenues of the Water System and other funds herein pledged to the payment of the principal and interest on the Refunding Portion of the Bonds are insufficient therefor; (3)any balance remaining after the Call Date in the Debt Service Account established by the Prior Resolution; (4) all investment earnings on funds in the Refunding Portion Debt Service Subaccount; and (5) any and all other moneys which are properly availableand are appropriated by the governing body of the City to the Refunding Portion Debt Service Subaccount. The Refunding Portion Debt Service Subaccount shall be used solely to pay the principal and interest and any premiums for redemption of the RefundingPortion of the Bonds and any other general obligation bonds of the City hereafter issued by the City and made payable from said account as provided by law. No portion of the proceeds of the Bonds shall be used directly or indirectly to acquire higher yielding investments or to replace funds which were used directly or indirectly to acquire higher yielding investments, except (1) for a reasonable temporary period until such proceeds are needed for the purpose for which the Bonds were issued and (2) in addition to the above in an amount not greater than the lesser of five percent of the proceeds of the Bonds or $100,000. To this effect, any proceeds of the Bonds and any sums from time to time held in the Construction Account or Debt Service Account (or any other City account which will be used to pay principal 17 13586342v1 or interest to become due on the bonds payable therefrom) in excess of amounts which under then applicable federal arbitrage regulations may be invested without regard to yield shall not be invested at a yield in excess of the applicable yield restrictions imposed by the arbitrage regulations on such investments after taking into account any applicable "temporary periods" or "minor portion" made available under the federal arbitrage regulations. Money in the Fund shall not be invested in obligations or deposits issued by, guaranteed by or insured by the United States or any agency or instrumentality thereof if and to the extent that such investment would cause the Bonds to be "federally guaranteed" within the meaning of Section 149(b) of the Internal Revenue Code of 1986, as amended (the "Code"). 17.Covenants Relating to the Improvement Portion of the Bonds. (a) Assessments. It is hereby determined that no less than twenty percent of the cost to the City of each Improvement within the meaning of Minnesota Statutes, Section 475.58, Subdivision 1(3), shall be paid by special assessments to be levied against every assessable lot, piece and parcel of land benefited by any of the Improvements. The City hereby covenants and agrees that it will let all construction contracts not heretofore let within one year after ordering each Improvement unless the resolution ordering the Improvements specifies a different time limit for the letting of construction contracts. The City hereby further covenants and agrees that it will do and perform as soon as they may be done all acts and things necessary for the final and valid levy of such special assessments, and in the event that any such assessment be at any time held invalidwith respect to any lot, piece or parcel of land due to any error, defect, or irregularity in any action or proceedings taken or to be taken by the City or the City Council or any of the City officers or employees, either in the making of the assessments or in the performance of any condition precedent thereto, the City and the City Council will forthwith do all further acts and take all further proceedings as may be required by law to make the assessments a valid and binding lien upon such property. The special assessments have heretofore been authorized. Subject to such adjustments as are required by conditions in existence at the time the assessments are levied, it is hereby determined that the assessments shall be payable in equal, consecutive, annual installments, including both principal and interest, with interest at a rate per annum set forth below: Improvement Designations Levy YearsCollection YearsRateAmount See Attached Schedule in Exhibit A At the time the assessments are in fact levied the City Council shall, based on the then- current estimated collections of the assessments, make any adjustments in any ad valorem taxes required to be levied in order to assure that the City continues to be in compliance with Minnesota Statutes, Section 475.61, Subdivision 1. (b) Tax Levy. To provide moneys for payment of the principal and interest on the Improvement Portion of the Bonds there is hereby levied upon all of the taxable property in the City a directannual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of other general property taxes in the City for the years and in the amounts as follows: 18 13586342v1 Year of Tax LevyYear of Tax CollectionAmount See Attached Schedule in Exhibit A (c)Coverage Test. The tax levies are such that if collected in full they, together with estimated collections of special assessments and other revenues herein pledged for the payment of the Improvement Portion of the Bonds, will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the Improvement Portion of the Bonds. The tax levies shall be irrepealable so long as any of the Improvement Portion 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, Subdivision 3. 18.Covenants Relating to the Refunding Portion of the Bonds. (a)Coverage Test; Pledge of Net Revenues and Excess Net Revenues. It is hereby found, determined and declared that the net revenues of the Water System are sufficient in amount to pay when due the principal of and interest on the Refunding Portion of the Bonds and on the Outstanding Water Bonds and a sum at least five percent in excess thereof. It is hereby found, determined and declared that the net revenues of the System are sufficient to pay when due the principal of and interest on the Outstanding System Bonds and a sum at least five percent in excess thereof. The net revenues of the Water System are hereby pledged on a parity lien with the Outstanding Water Bonds, and the Outstanding System Bonds and shall be applied for that purpose, but solely to the extent required to meet the principal and interest requirements of the Refunding Portion of the Bonds. Nothing contained herein shall be deemed to preclude the City from making further pledges and appropriations of the net revenues of the Water System for the payment of other or additional obligations of the City, provided that it has first been determined by the City Council that the estimated net revenues of the Water System will be sufficient, in addition to all other sources, for the payment of the Refunding Portion of the Bonds such additional obligations and any such pledge and appropriation of the net revenues may be made superior or subordinate to, or on a parity with, the pledge and appropriation herein. Excess net revenues of the Water System in excess of thoserequired for the foregoing may be used for any proper purpose. (b) Covenant to Maintain Rates and Charges. In accordance with Minnesota Statutes, Section 444.075, the City hereby covenants and agrees with the Holders of the Refunding Portion of the Bonds that it will impose and collect charges for the service, use, availability and connection to the Water System at the times and in the amounts required to produce net revenues (together with other funds herein pledged) adequate to pay all principal and interest when due on the Refunding Portion of the Bonds and a sum at least five percent in excess thereof. Minnesota Statutes, Section 444.075, Subdivision 2, provides as follows: "Real estate tax revenues should be used only, and then on a temporary basis, to pay general or special obligations when the other revenues are insufficient to meet the obligations". 19.General Obligation Pledge. For the prompt and full payment of the principal and interest on the Bonds, as the same respectively become due, the full faith, credit and taxing 19 13586342v1 powers of the City shall be and are hereby irrevocably pledged. If the balance in the Debt Service Account is ever insufficient to pay all principal and interest then due on the Bonds and any other bonds payable therefrom, the deficiency shall be promptly paid out of any other funds of the City which are available for such purpose, and such other funds may be reimbursed with or without interest from the Debt Service Account when a sufficient balance is available therein. 20.Prior Bonds;Security and Prepayment. Until retirement of the Prior Bonds, all provisions for the security thereof shall be observed by the City and all of its officers and agents. The Refunded Bonds shall be redeemed and prepaid on the Call Date in accordance with the terms and conditions set forth in the Notice of Call for Redemption attached hereto as Exhibit B, which terms and conditions are hereby approved and incorporated herein by reference. 21.Supplemental Resolution. The Prior Resolution authorizing the issuance of the Prior Bonds is hereby supplemented to the extent necessary to give effect to the provisions hereof. 22.Defeasance. When all Bonds have been discharged as provided in this paragraph, all pledges, covenants and other rights granted by this resolution to the registered holders of the Bonds shall, to the extent permitted by law, cease. The City may discharge its obligations with respect to any Bonds which are due on any date by irrevocably depositing with the Bond Registrar on or before that date a sumsufficient for the payment thereof in full; or if any Bond should not be paid when due, it may nevertheless be discharged by depositing with the Bond 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 Bonds called for redemption on any date when they are prepayable according to their terms, by depositing with the Bond Registrar on or before that date a sum sufficient for the payment thereof in full, provided that notice of redemption thereof has been duly given. 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 suchaction, by depositing irrevocably in escrow, with a suitable banking institution qualified by law as an escrow agent for this purpose, cash or securities described in Minnesota Statutes, Section 475.67, Subdivision 8, bearing interest payable at such times and at such rates and maturing on such dates as shall be required, without regard to sale and/or reinvestment, to pay all amounts to become due thereon to maturity or, if notice of redemption as herein required has been duly provided for, to such earlierredemption date. 23.Compliance With Reimbursement Bond Regulations. The provisions of this paragraph are intended to establish and provide for the City's compliance with United States Treasury Regulations Section 1.150-2 (the "Reimbursement Regulations") applicable to the "reimbursement proceeds" of the Improvement Portion of the Bonds, being those portions thereof which will be used by the City to reimburse itself for any expenditure which the City paid or will have paid prior to the Closing Date (a "Reimbursement Expenditure"). The City hereby certifies and/or covenants as follows: (a) Not later than sixty days after the date of payment of a Reimbursement Expenditure, the City (or person designated to do so on behalf of the City) has made or will have 20 13586342v1 made a written declaration of the City's official intent (a "Declaration") which effectively (i) states the City's reasonable expectation to reimburse itself for the payment of the Reimbursement Expenditure out of the proceeds of a subsequent borrowing; (ii) gives a general and functional description of the property, project or program to which the Declaration relates and for which the Reimbursement Expenditure is paid, or identifies a specific fund or account of the City and the general functional purpose thereof from which the Reimbursement Expenditure was to be paid (collectively the "Project"); and (iii) states the maximum principal amount of debt expected to be issued by the City for the purpose of financing the Project; provided, however, that no such Declaration shall necessarily have been made with respect to: (i) "preliminary expenditures" for the Project, defined in the Reimbursement Regulations to include engineering or architectural, surveying and soil testing expenses and similar prefatory costs, which in the aggregate do not exceed twenty percent of the "issue price" of the Improvement Portion of the Bonds, and (ii) a de minimis amount of Reimbursement Expenditures not in excess of the lesser of $100,000 or five percent of the proceeds of the Improvement Portion of the Bonds. (b) Each Reimbursement Expenditure is a capital expenditure or a cost of issuance of the Improvement Portion of the Bonds or any of the other types of expenditures described in Section 1.150-2(d)(3) of the Reimbursement Regulations. (c) The "reimbursement allocation" described in the Reimbursement Regulations for each Reimbursement Expenditure shall and will be made forthwith following (but not prior to) the issuance of the Bonds, and not later than three years after the later of (i) the date of the payment of the Reimbursement Expenditure, or (ii) the date on which the Project to which the Reimbursement Expenditure relates is first placed in service. (d) Each such reimbursement allocation will be made in a writing that evidences the City's use of Bond proceeds to reimburse the Reimbursement Expenditure and, if made within 30 days after the Improvement Portion of the Bonds are issued, shall be treated as made on the day the Improvement Portion of the Bonds are issued. Provided, however, that the City may take action contrary to any of the foregoing covenants in this paragraph upon receipt of an opinion of its Bond Counsel for the Improvement Portion of the Bonds stating in effect that such action will not impair the tax-exempt status of the Improvement Portion of the Bonds. 24.Continuing Disclosure.The City is the sole obligated person with respect to the Bonds. The City hereby agrees, in accordance with the provisions of Rule 15c2-12 (the "Rule"), promulgated by the Securities and Exchange Commission (the "Commission") pursuant to the Securities Exchange Act of 1934, as amended, and a Continuing Disclosure Undertaking (the "Undertaking") hereinafter described to: (a) Provide or cause to be provided to the Municipal Securities Rulemaking Board (the "MSRB")by filing at www.emma.msrb.org in accordance with the Rule, certain annual financial information and operating data in accordance with the Undertaking. The City reserves the right to modify from time to time the terms of the Undertaking as provided therein. 21 13586342v1 (b) Provide or cause to be provided to the MSRB notice of the occurrence of certain events with respect to the Bonds in not more than ten (10) business days after the occurrence of the event, in accordance with the Undertaking. (c) Provide or cause to be provided to the MSRB notice of a failure by the City to provide the annual financial information with respect to the City described in the Undertaking, in not more than ten (10) business days following such occurrence. (d) The City agrees that its covenants pursuant to the Rule set forth in this paragraph and in the Undertaking is intended to be for the benefit of the Holders of the Bonds and shall be enforceable on behalf of such Holders; provided that the right to enforce the provisions of these covenants shall belimited to a right to obtain specific enforcement of the City's obligations under the covenants. The Mayor and Administrator of the City, or any other officer of the City authorized to act in their place (the "Officers") are hereby authorized and directed to execute on behalf of the City the Undertaking in substantially the form presented to the City Council subject to such modifications thereof or additions thereto as are (i) consistent with the requirements under the Rule, (ii) required by the Purchaser of the Bonds, and (iii) acceptable to the Officers. 25.Certificate of Registration. A certified copy of this resolution is hereby directed to be filed in the offices of the County Auditor of Stearns County, Minnesota, together with such other information as the County Auditor shall require and to obtain the County Auditor's Certificate that the Bonds have been entered in the County Auditor's Bond Register and tax levy required by law has been made. 26.Records and Certificates. The officers of the City are hereby authorized and directed to prepare and furnish to the Purchaser, and to the attorneys approving the legality of the issuance of the Bonds, certified copies of all proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and such other affidavits, certificates and information as are 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. 27.Negative Covenant as to Use of Bond Proceeds and Improvements. The City hereby covenants not to use the proceeds of the Bonds or to use the Improvements, or to cause or permit them to be used, or to enter into any deferred payment arrangements for the cost of the Improvements, in such a manner as to cause the Bondsto be "private activity bonds" within the meaning of Sections 103 and 141 through 150 of the Code. 28.Tax-Exempt Status of the Bonds; Rebate. (a) Allocation to the Improvement Portion of the Bonds. The City shall comply with requirements necessary under the Code to establish and maintain the exclusion from gross income under Section 103 of the Code of the interest on the Bonds, including without limitation (i) requirements relating to temporary periods for investments, (ii) limitations on amounts invested at ayield greater than the yield on the Bonds, and (iii) the rebate of excess investment 22 13586342v1 earnings to the United States. The City expects to satisfy the 18-month expenditureexemption for gross proceeds of the Bonds as provided in Section 1.148-7(d) of the Regulations. The Mayor and/or the Administrator and/or Finance Director are hereby authorized and directed to make such elections as to arbitrage and rebate matters relating to the Bonds as they deem necessary, appropriate or desirable in connection with the Bonds, and all such elections shall be, and shall be deemed and treated as, elections of the City. (b)Allocation to the Refunding Portion of the Bonds. The City shall comply with requirements necessary under the Code to establish and maintain the exclusion from gross income under Section 103 of the Code of the interest on the Refunding Portion of the Bonds, including without limitation (i) requirementsrelating to temporary periods for investments, (ii) limitations on amounts invested at a yield greater than the yield on the Refunding Portion of the Bonds, and (iii) the rebate of excess investment earnings to the United States. The City expects to satisfy the 6-month expenditure exemption from gross proceeds of the Refunding Portion of the Bonds as provided in Section 1.148-7(c) of the Regulations. The Mayor and/or Administrator and/or Finance Director are hereby authorized and directed to make such elections as to arbitrage and rebate matters relating to the Refunding Portion of the Bonds as they deem necessary, appropriate or desirable in connection with the Bonds, and all such elections shall be, and shall be deemed and treated as, elections of the City. 29.Designation of Qualified Tax-Exempt Obligations. In order to qualify the Bonds as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the Code, the City hereby makes the following factual statements and representations: (a) theBonds are issued after August 7, 1986; (b) the Bonds are not "private activity bonds" as defined in Section 141 of the Code; (c) the City hereby designates the Bonds as "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the Code; (d)the reasonably anticipated amount of tax-exempt obligations (other than private activity bonds, treating qualified 501(c)(3) bonds as not being private activity bonds) which will be issued by the City (and all entities treated as one issuer with the City, and all subordinate entities whose obligations are treated as issued by the City) during this calendar year 2021 will not exceed $10,000,000; (e) not more than $10,000,000 of obligations issued by the City during this calendar year 2021 have been designated for purposes of Section 265(b)(3) of the Code; and (f) the aggregate face amount of the Bonds does not exceed $10,000,000. The City shall use its best efforts to comply with any federal procedural requirements which may apply in order to effectuate the designation made by this paragraph. 30.Official Statement. The Official Statement relating to the Bonds prepared and distributed by the Purchaser is hereby approved and the officers of the City are authorized in 23 13586342v1 connection with the delivery of the Bonds to sign such certificatesas may be necessary with respect to the completeness and accuracy of the Official Statement. 31.Severability. If any section, paragraph or provision of this resolution shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this resolution. 32.Headings. Headings in this resolution are included for convenience of reference only and are not a part hereof, and shall not limit or define the meaning of any provision hereof. The motion for the adoption of the foregoing resolution was duly seconded by member _____________ and, after a full discussion thereof and upon a vote being taken thereon, the following voted in favor thereof: and the following voted against the same: Whereupon the resolution was declared duly passed and adopted. 24 13586342v1 STATE OF MINNESOTA COUNTY OF STEARNS CITY OF ST. JOSEPH I, the undersigned, being the duly qualified and Administrator of the City of St. Joseph, Minnesota,do hereby certify that I have compared the attached and foregoing extract of minutes with the original thereof on file in my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the City Council of the City, duly called and held on the date therein indicated, insofar as such minutes relate to considering proposals and awarding the sale of $5,375,000General Obligation Bonds, Series 2021A. WITNESS my hand on August 16, 2021. _______________________________________ Administrator 25 13586342v1 EXHIBIT A SCHEDULES 2021 Improvement Project (20th Ave) 105% Levy Less: Special Assessment Collection Date105% LevyRevenues*Net LevyLevy YearYear 12/15/2021--- 12/15/2022206,754.9127,243.22179,511.6920212022 12/15/2023186,270.0026,316.58159,953.4220222023 12/15/2024181,020.0025,760.60155,259.4020232024 12/15/2025175,770.0025,204.60150,565.4020242025 12/15/2026170,520.0024,648.62145,871.3820252026 12/15/2027165,270.0024,092.64141,177.3620262027 12/15/2028160,020.0023,536.66136,483.3420272028 12/15/2029154,770.0022,980.68131,789.3220282029 12/15/2030149,520.0022,424.68127,095.3220292030 12/15/2031146,895.0021,868.70125,026.3020302031 12/15/2032144,270.0021,312.72122,957.2820312032 12/15/2033141,645.0020,756.74120,888.2620322033 12/15/2034139,020.0020,200.76118,819.2420332034 12/15/2035136,395.0019,644.76116,750.2420342035 12/15/2036128,520.0019,088.78109,431.2220352036 Total$2,386,659.91$345,080.74$2,041,579.17 A-1 13586342v1 2021 Imp. Projects (Northland, 18th Ave, Block 7 & 8, MN Streetscape) 105% Levy Less: Special Assessment Levy Collection Date105% LevyRevenues*Net LevyYearYear 12/15/2021--- 12/15/2022204,363.8354,660.93149,702.9020212022 12/15/2023186,060.0052,857.40133,202.6020222023 12/15/2024180,390.0051,608.80128,781.2020232024 12/15/2025174,720.0050,360.20124,359.8020242025 12/15/2026163,800.0049,111.60114,688.4020252026 12/15/2027158,340.0047,863.00110,477.0020262027 12/15/2028152,880.0046,614.40106,265.6020272028 12/15/2029147,420.0045,365.80102,054.2020282029 12/15/2030141,960.0044,117.2097,842.8020292030 12/15/2031139,230.0042,868.6096,361.4020302031 Total$1,649,163.83$485,427.93$1,163,735.90 *Special assessment revenue is based on assessments totaling $416,200 assessed at a rate of 3.00% (as provided by the City), with equal annual principal payments spread over 10 years. Special assessments in the amount of $67,602 were prepaid and used to reduce the Bond proceeds needed to fund the projects. 13586342v1 EXHIBIT B NOTICE OF CALL FOR REDEMPTION GENERAL OBLIGATION WATER REVENUE CROSSOVER REFUNDING BONDS, SERIES 2012A CITY OF ST. JOSEPH, STEARNS COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN that by order of the City Council of the City of St. Joseph, Stearns County, Minnesota, there have been called for redemption and prepayment on December 1, 2021 those outstanding bonds of the City designated as General Obligation Water Revenue Crossover Refunding Bonds, Series 2012A, dated as of April 1, 2012, having stated maturity dates or subject to mandatory redemption in the years 2022 through 2028, inclusive, and totaling $2,390,000 in principal amount and having CUSIP numbers listed below: YearAmount CUSIP 2022 $495,000 790739 VF0 2023 505,000790739 VG8 2024 525,000790739 VH6 2025 540,000790739 VJ 2 2028 325,000790739 VK9 The bonds are being called at a price of par plus accrued interest to December 1, 2021, on which date all interest on the bonds will cease to accrue. Holders of the bonds hereby called for redemption are requested to present their bonds for payment, at the office of Northland Trust Services, Inc., 150 S. 5th St., Suite 3300, Minneapolis, Minnesota 55402. Dated: August 16, 2021BY ORDER OF THE CITY COUNCIL /s/ Therese Haffner, Administrator *The City shall not be responsible for the selection of or use ofthe CUSIP numbers, nor is any representation made as to their correctness indicated in the notice. They are included solely for the convenience of the holders. 13586342v1 Tvnnbsz; Tu/Kptfqi-Njooftpub<Hfofsbm Pcmjhbujpo QsjnbszDsfejuBobmztu; NfmpezXWjokf-Dfoufoojbm,2)414*8325274<nfmpez/wjokfAtqhmpcbm/dpn TfdpoebszDpoubdu; FnjmzQpxfst-Dijdbhp,2)423*3448141<fnjmz/qpxfstAtqhmpcbm/dpn UbcmfPgDpoufout SbujohBdujpo TubcmfPvumppl DsfejuPqjojpo SfmbufeSftfbsdi XXX/TUBOEBSEBOEQPPST/DPN0SBUJOHTEJSFDU BVHVTU!5-!3132!!!2 Tvnnbsz; Tu/Kptfqi-Njooftpub<HfofsbmPcmjhbujpo DsfejuQspgjmf VT%6/736njmHPcoettfs3132Bevf2302603147 MpohUfsnSbujoh BB.0TubcmfOfx Tu/KptfqiHP MpohUfsnSbujoh BB.0TubcmfBggjsnfe Tu/KptfqiHPcoet MpohUfsnSbujoh BB.0TubcmfBggjsnfe Tu/KptfqiHPdbqjnqqmbosgehcoet MpohUfsnSbujoh BB.0TubcmfBggjsnfe Tu/KptfqiHPjnqcoettfs3121Ceue1:01203121evf2301203122.313131343136 MpohUfsnSbujoh BB.0TubcmfBggjsnfe Tu/KptfqiHPubybcbufnfoucoettfs3126Ceue1901203126evf2301203141 MpohUfsnSbujoh BB.0TubcmfBggjsnfe Tu/KptfqiHPxussfwdspttpwfssgehcoettfs3123Beue1501203123evf2301203127.31363139 MpohUfsnSbujoh 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bwbjmbcmf!bu!xxx/tuboebseboeqppst/dpn0vtsbujohtgfft/ TUBOEBSE!'!QPPST-!T'Q!boe!SBUJOHTEJSFDU!bsf!sfhjtufsfe!usbefnbslt!pg!Tuboebse!'!Qppst!Gjobodjbm!Tfswjdft!MMD/ XXX/TUBOEBSEBOEQPPST/DPN0SBUJOHTEJSFDU BVHVTU!5-!3132!!!9 Bond Sale Summary City of St. Joseph, Minnesota $5,375,000 General Obligation Bonds, Series 2021A August 16, 2021 150 South 5th Street, Suite 3300 Minneapolis, MN 55402 612-851-5900 800-851-2920 www.northlandsecurities.com Member FINRA and SIPC | Registered with SEC and MSRB PURPOSE: Proceeds from the Bonds will be used to finance the improvement projects, to current refund the outstanding maturities of the nding Bonds, Series 2012A, and to pay costs associated with the issuance of the Bonds. FINANCE PLAN: The 20th Ave. Portion of the Bonds has been structured to result in relatively equal annual principal payments over 15 years and the 2021 Remaining Projects Portion of the Bonds has been structured to result in relatively equal annual principal payments over 10 years. The special assessments for the Improvement Portions have also been structured to result in equal annual principal payments. The Refunding Portion has been structured to result in relatively level annual savings, preserving the original structure of the Series 2012A Bonds. The payment dates will change from December 1 and June 1 to December 15 and June 15. SECURITY: Special assessments, net water revenues, ad valorem taxes. RESULTS: Method of Sale: Negotiated. The Bonds were underwritten by Northland Securities, Inc., Minneapolis, Minnesota. Pricing Opinion provided by Blue Rose Capital Advisors, Minneapolis, Minnesota Ratings: S&P AA- Final Maturity: December 15, 2036 Optional Call: December 15, 2029 Final Finance on Plan on 8/16/21 7/19/21 Par Amount $5,375,000* $5,625,000 All Inclusive Cost (AIC) 1.32% 1.69% True Interest Cost (TIC) 1.22% 1.59% Total Savings ($) $110,969 $73,000 Net Present Value Savings (%) 4.294% 2.858% *The par amount was reduced by premium on the Refunding Portion of the Bonds. The City elected to keep the premium generated on the Improvement Portions of the Bonds. Page 2 EXHIBIT A SOURCES AND USES EXHIBIT B PRICING SUMMARY Maturity MaturityType of BondCouponYieldValuePriceYTMCall DateCall PriceDollar Price 12/15/2022Serial Coupon4.000%0.150%690,000.00104.816% ---723,230.40 12/15/2023Serial Coupon4.000%0.250%730,000.00108.418% ---791,451.40 12/15/2024Serial Coupon4.000%0.350%755,000.00111.794% ---844,044.70 12/15/2025Serial Coupon4.000%0.450%775,000.00114.936% ---890,754.00 12/15/2026Serial Coupon4.000%0.600%335,000.00117.554% ---393,805.90 12/15/2027Serial Coupon4.000%0.750%350,000.00119.815% ---419,352.50 12/15/2028Serial Coupon4.000%0.850%355,000.00122.109% ---433,486.95 12/15/2029Serial Coupon4.000%1.000%255,000.00123.706% ---315,450.30 12/15/2030Serial Coupon2.000%1.100%255,000.00107.081%c1.189%12/15/2029100.000%273,056.55 12/15/2031Serial Coupon2.000%1.200%255,000.00106.267%c1.344%12/15/2029100.000%270,980.85 12/15/2033Term 1 Coupon2.000%1.400%250,000.00104.660%c1.580%12/15/2029100.000%261,650.00 12/15/2036Term 2 Coupon2.000%1.700%370,000.00102.299%c1.827%12/15/2029100.000%378,506.30 Total---$5,375,000.00-----$5,995,769.85 Bid Information Par Amount of Bonds$5,375,000.00 Reoffering Premium or (Discount)620,769.85 Gross Production $5,995,769.85 Total Underwriter's Discount (1.325%)$(71,218.75) Bid (110.224%)5,924,551.10 Total Purchase Price $5,924,551.10 Bond Year Dollars$30,068.68 Average Life5.594 Years Average Coupon3.1232978% Net Interest Cost (NIC)1.2956449% True Interest Cost (TIC)1.2184800% Page 3 EXHIBIT C DEBT SERVICE COMPARISON Refunding Portion Page 4 EXHIBIT D DEBT SERVICE SCHEDULE Combined DatePrincipalCouponInterestTotal P+IFiscal Total 09/14/2021----- 06/15/2022--144,834.44144,834.44- 12/15/2022690,000.004.000%96,200.00786,200.00931,034.44 06/15/2023--82,400.0082,400.00- 12/15/2023730,000.004.000%82,400.00812,400.00894,800.00 06/15/2024--67,800.0067,800.00- 12/15/2024755,000.004.000%67,800.00822,800.00890,600.00 06/15/2025--52,700.0052,700.00- 12/15/2025775,000.004.000%52,700.00827,700.00880,400.00 06/15/2026--37,200.0037,200.00- 12/15/2026335,000.004.000%37,200.00372,200.00409,400.00 06/15/2027--30,500.0030,500.00- 12/15/2027350,000.004.000%30,500.00380,500.00411,000.00 06/15/2028--23,500.0023,500.00- 12/15/2028355,000.004.000%23,500.00378,500.00402,000.00 06/15/2029--16,400.0016,400.00- 12/15/2029255,000.004.000%16,400.00271,400.00287,800.00 06/15/2030--11,300.0011,300.00- 12/15/2030255,000.002.000%11,300.00266,300.00277,600.00 06/15/2031--8,750.008,750.00- 12/15/2031255,000.002.000%8,750.00263,750.00272,500.00 06/15/2032--6,200.006,200.00- 12/15/2032125,000.002.000%6,200.00131,200.00137,400.00 06/15/2033--4,950.004,950.00- 12/15/2033125,000.002.000%4,950.00129,950.00134,900.00 06/15/2034--3,700.003,700.00- 12/15/2034125,000.002.000%3,700.00128,700.00132,400.00 06/15/2035--2,450.002,450.00- 12/15/2035125,000.002.000%2,450.00127,450.00129,900.00 06/15/2036--1,200.001,200.00- 12/15/2036120,000.002.000%1,200.00121,200.00122,400.00 Total$5,375,000.00-$939,134.44$6,314,134.44- Date And Term Structure Dated9/14/2021 Delivery Date9/14/2021 First available call date12/15/2029 Call Price100.000% Yield Statistics Bond Year Dollars$30,068.68 Average Life5.594 Years Average Coupon3.1232978% Net Interest Cost (NIC)1.2956449% True Interest Cost (TIC)1.2184800% All Inclusive Cost (AIC)1.3232129% Page 5 EXHIBIT E LEVY SCHEDULES th 20 Ave. Portion Less: Special Assessment Levy Collection DateTotal P+I105% LevyRevenues*Net LevyYearYear 12/15/2021---- 12/15/2022196,909.44206,754.9127,243.22179,511.6920212022 12/15/2023177,400.00186,270.0026,316.58159,953.4220222023 12/15/2024172,400.00181,020.0025,760.60155,259.4020232024 12/15/2025167,400.00175,770.0025,204.60150,565.4020242025 12/15/2026162,400.00170,520.0024,648.62145,871.3820252026 12/15/2027157,400.00165,270.0024,092.64141,177.3620262027 12/15/2028152,400.00160,020.0023,536.66136,483.3420272028 12/15/2029147,400.00154,770.0022,980.68131,789.3220282029 12/15/2030142,400.00149,520.0022,424.68127,095.3220292030 12/15/2031139,900.00146,895.0021,868.70125,026.3020302031 12/15/2032137,400.00144,270.0021,312.72122,957.2820312032 12/15/2033134,900.00141,645.0020,756.74120,888.2620322033 12/15/2034132,400.00139,020.0020,200.76118,819.2420332034 12/15/2035129,900.00136,395.0019,644.76116,750.2420342035 12/15/2036122,400.00128,520.0019,088.78109,431.2220352036 Total$2,273,009.44$2,386,659.91$345,080.74$2,041,579.17 *Special assessment revenue is based on assessments totaling $277,992 assessed at a rate of 3.00% (as provided by the City), with equal annual principal payments spread over 15 years. Special assessments in the amount of $348,761 are deferred until the properties are connected to the sewer system. 2021 Remaining Projects Portion Page 6 EXHIBIT F LOCAL ISSUANCE Page 7 EXHIBIT G MUNICIPAL MARKET CONDITIONS Bond Buyer Index as of August 12, 2021 (2.14%) 2021 2020 2019 2018 2017 150 South 5th Street, Suite 3300, Minneapolis, MN 55402 Main 612-851-5900 / www.northlandsecurities.com Member FINRA and SIPC, Registeredwith SEC and MSRB Page 8 Bond Buyer's Index 2000 to Present 6.25% 6.00% 5.75% 5.50% 5.25% 5.00% 4.75% 4.50% 4.25% 4.00% 3.75% 3.50% 3.25% 3.00% 2.75% 2.50% 2.14% 2.25% 2.00% Page 9 MEETING DATE: August 16, 2021 AGENDA ITEM: 2022 Draft Budget: Fire Board, EDA, CVB and Memberships SUBMITTED BY: Finance BOARD/COMMISSION/COMMITTEE RECOMMENDATION: The CVB, EDA and Fire Board reviewed their draft 2022 budgets. PREVIOUS COUNCIL ACTION: Council reviewed a 2022 capital plans and staffing updates. The council reviewed the membership requests. BACKGROUND INFORMATION: The draft 2022 budget will be broken down in increments to build to the proposed 2022 budget in September. For this meeting the memberships with professional organizations are presented for further discussion. Each department reviewed their proposed professional memberships. Attached is a summary of the memberships along with descriptions of each. The Greater St. Cloud Development Corp was left out of the proposed budget. The EDA discussed the membership and will further review at their August meeting. Since the last council workshop, the director at the Whitney Senior Center requested additional membership funding for St. Joseph residents. The director indicated two St. Joseph residents were already turned away from the membership match. An additional five memberships were added to the budget for a total of 30. The League of MN Cities also updated their budget request since the last meeting. The change reflects the updated estimate. The Initiative Foundation, LMC and RSVP submitted a letter with their budget requests. They are attached to this agenda item. The EDA and CVB reviewed their budgets at their July meetings. CVB falls under the EDA for final th recommendation. The EDA will finalize their recommendation at their August meeting on August 17. A few items being discussed by the EDA are described below. EDA Increase the Façade grant from $1,000 to $2,000 Increase the Demolition grant from $2,500 to $3,500 Increase program funding from $45,000 to $50,000 Allocate up to $5,000 towards the development of an Economic Development Strategic Plan (reallocated from GSDC) The overall goals of an Economic Development Strategic Plan would be to: o Build on the goals developed in the Comprehensive Plan with specific priorities o Develop specific implementation techniques o Evaluate the current business subsidy policy and recommend any changes to said policy o Provide specific information and processes for financial incentives (TIF, Tax abatement, etc.) o Chart the path and vision for the EDA for the next three years o Develop clear priorities on what areas or projects to focus on (including redevelopment sites) CVB Continue $14,000 budget as in last few years Wobegon trailhead map signage ($2,900 estimated) Bike racks ($1,000 estimated) Boosted social media posts MN Trails magazine ($580) St. Cloud visitor guide ad ($775) The CVB completed their strategic plan earlier this summer. Their budget request includes implementation for 2021 and 2022. To offset increase costs, CVB proposed offering a membership-based format. The memberships will award the paying businesses additional promotion and advertising on CVB sites. Non-paying members will continue to be promoted, but not as the same level as a paying member. Fire Board Increase salaries for the Fire Chief and Asst. Fire Chief o Chief $6,000 to $8,000 o Assistant Chief $3,500 to $5,000 Increase the fire call/drill time including adding drill time for weekly fire hall checks o $12/hour to $16/hour o Fire truck checks adds 4 drill hours per week Add clothing stipend of $30 per year per firefighter for t-shirts/sweatshirts No additional municipal contribution to the Fire Relief special fund based on the adopted annual pension contribution of $2,300 per year of service. Purchase a second pumper/tanker versus replacing the ladder truck th The Fire Board met on August 9. The board recommended approval of the proposed 2022 budget changes in the bullet points above. The Fire department has lost a few members in recent years due to retirements, members moving out of the fire district and members not able to commit the time it is taking to respond to the increasing number of calls. Attached is a ten-year call history. With growing populations, new businesses and increased number of senior living facilities, the calls are increasing. The Fire Chief, Police Chief, Administrator and Mayo ambulance service are reviewing ways to reduce the medical calls for the fire department. In addition, the Fire Chief brought forward ideas to provide perks for members that may encourage them to remain a firefighter. The Fire Board recommends an increase in fire call stipends along with a $30 clothing allowance annually per firefighter. The Fire budget proposal was recommended by all voting members. The estimated allocation between jurisdictions is as follows below. Est. 2022 MV % 2021 $ Allocation 2022 $ Allocation City of St. Joseph 58.75% $164,535 $187,398 St. Joseph Township 20.80% $65,576 $66,358 St. Wendell Township 20.45% $58,529 $65,225 The Fire Board also recommended accepting a quote from Rosenbauer (formerly General Safety Fire) not to exceed $800,000 for a second pumper/tanker truck versus replacing the ladder truck as was scheduled in 2021. The ladder truck capital budget reserve of $100,000 would be reallocated to the new pumper. The ladder truck is able to meet the current needs in the fire district and is in working order. With mutual aid, the service area is met with the ladder truck. As the service area grows and the heights of buildings change, a new ladder may be needed. The second pumper/tanker was recommended after review of the 2019 ISO rating in the service district. The ISO rating looks at several factors for response to fires in all areas. One of the metrics is looking at water supply and the flow when a hydrant is not available. Our current pumper can bring 1,000 gallons and the current tanker can bring 3,000 gallons of water to the scene, and we can pump 1,250 gallons a minute, which would mean we could be out of water in just over three minutes. With adding a new pumper/tanker, the flow could double if used as a pumper when hydrants are available or if used as a tanker, we would bring an additional 3,000 gallons of water to a scene which is almost double of what we currently bring. Currently, with the equipment we have we can only haul 25 members out of a possible 30-member roster so by adding this truck it will also allow us to safely haul all the members to emergency calls and drills without using personal vehicles. Mutual aid is available, but will not be able to respond within a couple minutes. It may take up to 30 minutes for a mutual aid response. Current construction of buildings tends to burn quickly; the 30 minutes could mean complete loss of the structure. In addition, the cold MN winters tend to freeze up water lines on the trucks. Having the second truck will provide more surety the firefighters can adequately respond to a fire. Councilmember Loso voted against the recommendation not because he is against purchasing the truck; rather, the unknown need for the truck at this time. The area cities are considering a joint fire district study to look at the equipment available, fire district structure, call history, etc. The study may determine a second pumper/tanker is needed to supply the St. Joseph fire service area. Councilmember Loso would like to see the results of the study first. The cost of the truck will go up 1.5% after August st 31, 2021. Below is a summary of the current fire fleet with the budgeted replacement year in the 5-year capital plan. The ladder truck replacement was pushed back five years and the new truck would have a useful life of 20 years. The tanker was rehabilitated a couple years ago to extend the life of the truck. The grass rig had a major repair to replace the rear end a couple years ago and is due to replace. The City approved applying for a FEMA 80/20 grant to help offset the cost to replace. This is the third FEMA application. If denied, reserves may be needed to replace in 2022. Purchased Replacement Year YearEstimated CostFunding Source Engine #1 2012 2032$800,000 Reserves/Equip Certificate Ladder #2 2001 2026$1,000,000Reserves/Equip Certificate Grass Rig #3 1997 2022$130,000 Reserves/FEMA Grant? Tanker #4 1999 2028$300,000 Reserves/Equip Certificate Rescue Van #5 2012 2022$160,000 Reserves 6-Wheeler ATV #7 2012 2024$15,000Reserves Chevrolet Crew Cab #6 2006 2030$50,000Reserves Pumper/Tanker #8 2021 2041$800,000 Reserves/Equip Certificate The Fire Board voted 2-1 (Townships Yay, City Nay) to move forward with the pumper/tanker truck purchase not to exceed $800,000 based on the recommendation from the Fire Chief and Asst. Fire Chief. Any cost over runs for the equipment added to the truck will be paid for by the St. Joseph Fire Relief Association. The Fire Board also voted 2-1 to use $100,000 set aside for the ladder truck to be reallocated to the second pumper/tanker. An estimated annual payment allocation is presented below based on an annual payment of $90,000 per year. The equipment certificates can be structured where the first payment is due in 2023. Est. 2022 MV % Annual Payment Allocation City of St. Joseph 58.75% $52,875 St. Joseph Township 20.80% $18,725 St. Wendell Township 20.45% $18,405 BUDGET/FISCAL IMPACT: Information Only ATTACHMENTS: Request for Council Action–Draft Budget: Boards and Memberships 2022 Membership Dues and Descriptions LMC Dues Request RSVP Dues Request Initiative Foundation Dues Request Fire Budget Allocation Summary Fire Budget Fire Call History Fire Truck Quotes REQUESTED COUNCIL ACTION: Provide direction on the 2022 budget for memberships and Board budget requests presented. Consider accepting fire truck bid for a second pumper/tanker truck and direct staff to obtain quotes for an equipment certificate. CityofSt.JosephMemberships Proposed2022Amounts ActualBudgetedActualBudgetedBudgeted MembershipsCouncil 20202020YTD202120212022 St.CloudAPO101411104336,2906,3006,3616,3536,552 LeagueofMNCities101411104337,5887,5187,5938,360 CoalitionofGreaterMNCities1014111043312,08211,14212,40412,32412,776 InitiativeFoundation101411104331,7001,7001,7001,7001,700 RSVP(CityofSt.Cloud)101411104339,3709,3706,0006,0005,780 WhitneySeniorCenterdues101411104331,0001,0001,0001,200 St.JosephChamber10141110433125125125125125 LMCMayor'sAssn10141110433303030 GreaterSt.CloudDevelopCorp150465004335,0005,0005,0005,000 42,18540,12536,523 MembershipsAdministration LeagueofMNCities/MMUASafety10141430433325325325 MNClerks&FinanceOfficersAssn101414304334545454545 AmericanPlanningAssociation/APAMN10141910433372325451372336 AmericanInstitutionofCertifiedPlanners10141910433135100135155 EDAM15046500433295295295295 MNRecreation&ParkAssociation101452044331,150100300 ENR1014153043310830108108 MNGov'tFinanceOfficer'sAssn101415304337050707070 NationalGov'tFinanceOfficer'sAsson10141530433170170170170170 2,0301,1251,309 MembershipsPoliceDept LeagueofMNCities/MMUASafety10142120433325325325 LeagueofMNCitiesPatrolSubscription10142120433900900990900990 MNJuvenileOfficersAssn10142120433252525 MNChiefsofPoliceAssn10142120433278275305278305 StearnsCountyChief'sAssn1014212043350505050 AssnofMNEmergencyManagers10142500433200130130200 1,7051,7081,895 MembershipsPublicWorks CMWaterEd.Alliance(CityofSt.Cloud)651499003081,6501,6881,6501,700 MNMunicipalUtilities pk/st/wt/ww433 496475496496510 LeagueofMNCities/MMUASafety pk/st/wt/ww433 1,3001,3001,300 60249450446 23 MNWastewaterOperator MNRuralWaterAssn601/60249440/450433300250300300300 OneCallConcept601/60249440/450433100100100100 RuralWater/MMUADrug/AlcoholConsortiu601/60249440/450433248250250250 AmericanWaterworksAssn60149440433214210221210225 4,2354,3064,385 MembershipsFireDept LeagueofMNCities/MMUASafety10542240433325325325 MNSmokeEater105422404332020202020 CentralMNFireAidAssn1054224043350505050 MNStateFireChiefsAssn10542240433435360360 LakeRegionFirefightersAssn1054224043340404040 MNStateFireDeptAssn10542240433290264290290290 MSFDA1054224043377777 EmergencyServicesIAMRESPONDING10542240433505050 660 EmergencyServicesERRS10542240433660660660 MNFireServiceCertificationBoard10542240433360150120150150 MNChapterIAAI10542240433252525 1,7011,6521,652 CityofSt.JosephMembershipandDuesProposed2022 Purpose Membershipsproposedtocontinuein2022 General/CouncilMemberships ProvidesaccesstoFederalTransportationfunds.TheCityreceivedfundingfor2 corridorstudiesfromtheAPOandfederalfundingforphase2oftheCR2Trail. Assistswithtransportationplanning. St.CloudAPO Providestraining,resourcematerial,lobbying,routinereportingduringthe legislativesession,publishmonthlymagazineandbiweeklybulletin.TheCityalso utilizestheinsurancesforgeneralliabilityandworkers'compthroughtheLeague InsuranceTrust. LeagueofMNCities Provideslobbyingservices,training,resourcematerial,labordatabasestoinclude contractsalariesandbenefits.CGMCwillbeveryinvolvedintheLGAcommittees thatwillreviewformulaupdates. CoalitionofGreaterMNCities TheInitiativeFoundationliststheirmissionas"tounlockthepowerofCentralMN peopletobuildandsustainhealthycommunities."TheCityhasutilizedIFfunding forestablishingtheFarmer'sMarketandHealthyCommunityPartnership.They havealsoprovidedagrantfortheEastParkdesign.TheIFalsoassistswith EconomicDevelopment. InitiativeFoundation RetiredSeniorVolunteerProgramThisprogramisthroughtheCityofSt.Cloud. RSVPreimbursesthevolunteersformileagewhentheywork.Workcaninclude takingresidentstoappointments,toworkingatevents.AnnuallytheCityofSt. CloudsendsarequesttotheCityforfunding.In2020,26St.Josephresidents participatedinRSVP,volunteeringover1,100hours.Thebudgetrequestfrom RSVPispresented,adecreaseof$220from2021. RSVP TheCityofSt.Cloudimplementeda$50annualmembershipchargeforthe WhitneySeniorCenter.ForSt.Cloudresidents,thecityissubsidizing$40ofthe feeandofferedtheothercitiestoparticipatewiththeirseniorcitizens.St.Joseph agreedtosubsidizeupto$1,000peryearforthesubsidy(25residents).Each yearSt.Josephresidentsusedthissubsidywithothersmissingoutonthesubsidy. In2021,theWhitneydirectorrequestedadditionalfunding.Theyhadtoturn awaytwoSt.Josephseniorsduetoexceedingthe25memberships.Staffadded5 membershipstothefundinginthe2022budgetforatotalbudgetof30 membershipssubsidized$1,200. WhitneySeniorCenter Localnetworkingandsupportingtheeffortsofthelocalbusinesses. St.JosephChamber ProvidestrainingandnetworkingfortheMayorthroughLMC. LMCMayor'sAssn Membershipsproposedtocontinuein2022 AdministrationMembershipsPurpose ProvidestrainingandnetworkingopportunitiesfortheCityClerkandfinance staff.Professionalorganization. MNClerks&FinanceOfficersAssn Providestrainingandnetworkingopportunitiesfortheplanningstaff. Professionalorganization. MNAmericanPlanningAssn Providestrainingandnetworkingopportunitiesfortheplanningstaff.This membershipisnationalwhereideasaresharedintheprofession.Professional organization. AmericanInstituteofCertifiedPlanners Providestrainingandnetworkingopportunitiesfortheeconomicdevelopment. Professionalorganization. EconomicDevelopmentAssnMinnesota Providestrainingandnetworkingopportunitiesforparksandrecreation. Professionalorganization. MNRecreation&ParkAssociation Staffusesthismembershiptodeterminecostindexesfordeferredassessments. EngineerNewsRecord Providestrainingandnetworkingopportunitiesforthefinancestaff.Professional organization. MNGov'tFinanceOfficer'sAssn Providestrainingforthefinancestaff.AlsoprovidescurrentupdatesonGASB implementations.Professionalorganization. GovernmentFinanceOfficersAssn PoliceMembershipsPurpose OnlinetrainingportalforpatrolofficerswhosecityisamemberofLMC. LMCPatrolSubscription Providestrainingandresourcesforpoliceofficersworkingwithyouthinthe community. MNJuvenileOfficersAssn TheMNChiefsofPoliceAssociationisanonporfit,professionalmembership organizationwhosemissionistoenhancethequalityofpoliceleadershipinMN. TheAssociationisrecognizedasthevoiceofpoliceexecutivesinMNand representsitsmembersonlegislative,regulatorandcommunityissuesrelatedto crime,publicsafetyandlawenforcement. MNChiefsofPoliceAssn Representationincludesasupervisorlevelmemberfromthevariouspolice departmentsinStearnsCounty.Monthlymeetingsareconductedandinclude mutualconcerndiscussions. StearnsCountyChief'sAssn AMEMisaprofessionalorganizationofemergencymanagersdedicatedto advocatingandadvancingeffectiveemergencymanagementcapabilitiesand practicesstatewide.TheAMEMvisionistobeonevoiceadvancingindividual, familyandcommunitypreparedness. AssnofMNEmergencyManagers Membershipsproposedtocontinuein2022 PublicWorksMembershipsPurpose JointCityPartnershipthatprovideseducationonwaterpreservationandstorm watermanagement.Thefundshelppayformarketingandtheannualwater festivalheldatMillstreamPark.All6areaCitiesbelongtothisorganizationand paythesamefee.ThismembershipispaidthroughtheStormWaterutilityandis partofourStormWaterpermit. CMWaterEducationAlliance TheMMUAmissionistounifyandserveasacommonvoiceformunicipalutilities andtoprovidesupportneededtoimproveservicetotheircustomersand community.Thisorganizationprovidestrainingandeducationopportunitiesto membersalso.MMUAassistswithregulatoryimplementation/education. MNMunicipalUtilities ThroughLMCIT,MMUAprovidesregionalsafetytraningasrequiredbyOSHA.The citiesofSt.Joseph,SaukRapids,WaiteParkandSartellareincludedintheCentral RegionSafetyGroup. LMC/MMUASafety Professionalorganizationthatprovidestechnicalassistanceforwaterandsewer. InthepasttheyhavehelpedtheCitywithawaterleakandtheirduescoveredthe fees.Theyalsoprovidetrainingandnewsletters. MNRuralWaterAssn TheCityisrequiredtolocateallundergroundutilitieswhensomeonedigsnear theCitylines.OneCallConceptkeepsthedatabaseandnotifiesuswhen someonecallsforalocatetodig. OneCallConcept TheCityisrequiredtohaveadrugtestingprogramforstaffthatoperateheavy equipment.MNMunicipalUtilitiesrunsthedrugtestingprogramfortheCityand wedonotpayadditionalcosts.Thepieceweareresponsibleforisarrangingthe MNMunicipalUtilitiesDrug/Alcohol randomdrugtesting.WearepartoftheirpoolandtheyinformtheCitywho shouldbetestedandwhen. Consortium Professionalorganizationthatprovideseducationandlicenserequirementsfor wateroperators. AmericanWaterworksAssn FireMembershipsPurpose Montlyfirefightersubscription.Originallyeachfirefighterreceivedasubscription andithassincebeenreducedtoonesubscriptionthatisreceivedinthefirehall, availabletoallmembers. MNSmokeEater 14Neighboringfiredepartmentsmeet4timesperyeartodiscusspossiblecost sharingopportunitiesfortrainingandequipment.Inthismanner,the departmentsensuretheymeetperiodicallytodiscussissues. CentralMNFireAidAssn Professionalorganizationthatprovidesfornetworkingandtrainingopportunities forFireChiefsandcommandstaff.Theduesincludemembershipsfor8 members. MNStateFireChiefsAssn Firedepartmentsinthemutualaidareameetmonthlytodiscussideasand trainingopportunities.Theduesalsopayforlimitedtraining. LakeRegionFirefightersAssn Professionalorganizationforthefirefighters.TheAssociationprovidestraining opportunitiesandnetworking.MSFDAincludespublications. MNStateFireDeptAssn Firecallreportingsystem. EmergencyServicesERRS/IAMRESPONDING Professionalorganizationforthefirefighters.Thecertificationboardprovides recertificationofhazmatandfirefighter1qualifications. MNFireServiceCertificationBoard Professionalorganizationthatdealswitharsonandinvestigation.The organizationprovidestrainingandeducation.Twofirefightersaremembers. MNChapterIAAI Purpose DuesNOTrenewedin2022Budget TheGSCDCworkswithareastakeholderstoimprovejobopportunities,qualityof life,education,health&wellness,andbusinessdevelopmentintheGreaterSt. Cloudarea. GreaterSt.CloudDevelopmentCorporation Aprofessionalorganizationthatprovideseducationalandlicenserequirements forwastewateroperators.Membershippaidforoneemployee.Licensing renewalsarereimbursedtowastewateroperatorsunderlicensing. MNWastewaterOperatorsAssn 9.38%6.09%5.63%4.00%1.68%1.35% 24.40%16.27%10.90%13.90%11.44%10.55% PercentPercentPercent rrr 881.61 3,722.946,696.09 (5,620.02)(2,805.75) DollaDollaDolla 14,347.0812,450.0022,862.3030,440.00 (21,129.54)(11,374.71)(35,310.00) 92,225.6366,180.2786,605.6169,903.2165,476.0758,528.5066,357.6865,224.59 152,994.10311,400.00167,341.18323,850.00164,535.43288,540.00187,397.73318,980.00 2021 9, 9,089.699,062.49 21,013.3512,666.9642,770.0021,694.6711,227.8441,985.00 t August 2021 Departmen 11, Fire 30,440 Recommended Contributions August 268,630.00281,865.00288,540.00318,980.00 of Fire of as Summary, Community Summary Budget Preliminary Joseph 49.13%131,980.7529.62%79,558.6721.25%57,090.5851.67%145,646.5126.74%75,377.7721.59%60,840.7257.02%164,535.4322.69%65,476.0720.28%58,528.5058.75%187,397.7320.80%66,357.6820.45%65,224.59 Board St. BudgetContributionContributionContributionChangeChange PercentBudgetDebtTotalPercentBudgetDebtTotalPercentBudgetDebtTotal Fire 2022 2022 2019BudgetContributionContributionContribution2020BudgetContributionContributionContributionChangeChange2021BudgetContributionContributionContributionChangeChange BoardPercentBudgetDebtTotal TownshipTownshipTownshipTownship TownshipTownshipTownshipTownship JosephJosephJosephJoseph Fire St.St.St.St. AdoptedAdoptedAdopted Preliminary ofofofof JosephWendelJosephWendelJosephWendelJosephWendel CitySt.St.CitySt.St.CitySt.St.CitySt.St. 3 2877 Fire 300123 162 316 239 316 3,5002,5005,000 40,44529,802 81,547 $$ 7 843576 300168218 294294 3,5002,5005,000 33,46526,778 71,543 months)Verso $ $ 5 903250 300236 363 313 363 5,000 3,5002,500 46,88022,706 80,886 months)(11 (13 $$ 6 6370 42 300232273 343343 3,5002,5005,000 40,68022,433 74,413 $ $ 6 772071 300248 351 280 351 5,000 3,5002,500 t 46,44216,649 74,391 $ $ 6 843572 300289 414 342 414 5,000 3,5002,083 57,09627,826 95,805 $$ 1 793782 300358393 475475 3,5002,5005,000 58,23620,452 89,988 $ $ As of June 30, 2021 History of Fire Calls 7 712570 525366 469 399 469 5,000 3,5002,500 56,95820,324 88,807 $ $ St. Joseph Community Fire Departmen 6 593870 750405 508 438 508 5,000 6,0003,500 61,03214,767 91,049 $ $ 2021202020192018201720162015201420132012 months) (6$ $ Salary1,750 Calls28,734 Salary150Twp33 Twp46 Joseph183 Salary2,500 Calls222 Aid1 Cost53,784Calls263Calls263 Salary3,000 St. Chief's Hours/Mtgs17,650 ofCalls41 JosephWendel TotalTotalTotal EmergencyDrillChief'sAsstCaptains'Secretary'sCitySt.St.MutualMedicalFire Cost for Calls:Calls by Area:Types of Calls: THERESE HAFFNER CITY ADMINISTRATOR 75 Callaway Street East St Joseph, MN 56374 thaffner@cityofstjoseph.com ADMINISTRATION REPORT TO: HONERABLE MAYOR AND CITY COUNCIL DATE:August 12, 2021 SUMMARY Had meetings with Greg Gack, YMCA on exploring partnering for the operations of theCommunity Center. Held interviews for open City Council Seat. Had meeting with Sue Palmer, CSB/SJU. Budget meetings with staff. Attended the Advocates for Community meeting. th Had meeting with owner of property known as the Riverbat’s property related to 20 Ave. SE improvements. STAFF Reviewed applications and interviewed four applicants for Police Officer position. Council approved nd hire at Aug. 2 meeting Application closedon Aug. 12 for Police Clerk position. UPCOMING MEETINGS& EVENTS th Meeting with Murray Mack, HMA on Aug. 17 Kayla, Lori, and I will be meeting with Laserfiche representatives on workflow. CommunityCenter Committee will meet at end of Aug. or early September -THERESE NATE KELLER, AICP COMMUNITY DEVELOPMENT DIRECTOR 75 CALLAWAY STREET EAST ST. JOSEPH, MN 56374 nkeller@cityofstjoseph.com COMMUNITY DEVELOPMENT REPORT To:HONORABLE MAYOR AND CITY COUNCIL DATE:August 16th, 2021 ECONOMIC DEVELOPMENT August 17th EDA meeting will consist of budget discussion. Completed business retention visits with: Jupiter Moon and Central MN Credit Union PLANNING Planning Commission: Aug. 9th PC meeting was canceled. th Joint Planning Board meeting held August 10. Other I have completed rough draft of the ADA Transition Plan. Final draft will be presented to Council and public hearing conducted in the coming months. I’ve been working on a grant to help fund a Planning study for 2022 budget item related to Birch St. Discussion on the scope of this project will occur at Aug. workshop. Following workshop scope will be clearly defined and resolution will be presented to Council. The grant is an 80/20 match (city will cover 20%). CVB and EDA will provide recommendations on the city gateway design options. Design options will be presented to Council at Aug. workshop. Regional designation application has been submitted for East Park through the Greater MN Regional Parks and Trails Commission. Parklet survey has been launched and can be found at: https://www.surveymonkey.com/r/VHGZQMS I’ve been reviewing 2021 bill and law changes from the State legislature. The league has provided a wonderful resource summary of the changes. The summary doc can be found at: https://www.lmc.org/wp-content/uploads/documents/LMC-Law-Summaries-2021.pdf MEETINGS & EVENTS Met with Rhonda Juell the new Park and Rec Director Took a Public Works tour with Ryan Wensman Attended July APO TAC meeting Attended Safety training on Aug. 4th Attended CVB on Aug. 9th Meetings with sign companies pertaining to City Gateway Signs “Advocates for Community” meeting on August 18th Nate LORI BARTLETT FINANCEDIRECTOR 75 Callaway Street East St Joseph, MN 56374 lbartlett@cityofstjoseph.com FINANCE DEPARTMENT REPORT TO: HONORABLE MAYOR AND CITY COUNCIL DATE:August 13, 2021 SUMMARY Budget: Been meeting with boards and department heads to finalize the draft budget. The draft th operational budget will be presented on August 24. Bond Issue/Debt Management Study–Worked with Northland Securities on the bond issuance & DMS Utility Billing – Past due notices will be mailed 8/17 with shut offs for any unpaid accounts scheduled for 9/2. If residents are having trouble paying their utility bill, they should contact city hall to set up a payment plan to get caught up by 10/15. As long as payments are met, staff will not shut off the water (nor charge the $150 reconnection fee). Water Meter System –Utility staff has been working on the Beacon meter read system to improve the meter reading process for the September meter reads. LaserFiche Workflow –Therese, Kayla and Lori meeting with OPG3 to go over pricing and the process to get accounts payable workflow going. This will streamline the AP process. STAFF th Our FinanceTechnician started on July 19and has hit the road running. Kim is training on accounts payables, payroll, posting deposits and the employee safety training program. Lori has been attending a webinars on the ARPA spending and reporting requirements. UPCOMING MEETINGS & EVENTS 8/17 Meeting with Community Center architect team 8/17 EDA meeting 8/24 Council workshop -LORI RYAN WENSMANN PUBLIC WORKS SUPERINTENDENT 75 Callaway Street East St Joseph, MN 56374 rwensmann@cityofstjoseph.com PUBLIC WORKSREPORT TO: HONORABLE MAYOR AND CITY COUNCIL DATE:August 12, 2021 SUMMARY Seal coating Street projects Water ban Water plant I Chem room (waiting on parts) Well Head Protection plan review STAFF Street sweeping Street maintenance Flushing sanitary sewers Reading/repairing water meters Storm sewer maintenance Storm pond maintenance Park maintenance Maintain and operation of five lift stations, two water plants, and storm watersystem Customer concerns, questions, requests Watering trees (Streetscape, parks) UPCOMING MEETINGS& EVENTS Staff will continue water/waste water/storm water Ed (Small Public Water Systems) Safety training with League of Minnesota Cities01SEP2021 CMWEA Monthly meeting 26AUG2021 Park board meeting 23AUG2021 MRWA annual conference 24-26AUG2021 St Cloud Rivers Edge Center -Ryan DWIGHT PFANNENSTEIN POLICE CHIEF 75 Callaway Street East St Joseph, MN 56374 POLICE dpfannenstein@cityofstjoseph.com POLICE DEPARTMENT REPORT TO: HONERABLE MAYOR ANDCITY COUNCIL DATE:August 12, 2021 SUMMARY Met with Northland Business Solutions to go over security system on city hall to replace existing system. Presentation by Northland System at future Workshop meeting. Still seeing vandalism at city parks rd and buildings. August 3was National night out and we had 3 registered events that we located in the city and attended by officers. STAFF Alex is continuing to train through his orientation program. Reece starts this week. Hoping to get Records clerk applications scored and interviews setup veryshortly. UPCOMING MEETINGS& EVENTS Some small upcoming outdoor events coming up in the next month. Nothing to reportother than that. Mary was gone this past week on vacation and I do not have any crime statistic numbers at this point.