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HomeMy WebLinkAbout1985-10-07_COUNCIL MEETINGAGENDA EDINA HOUSING AND REDEVELOPMENT AUTHORITY EDINA CITY COUNCIL REGULAR MEETING OCTOBER 7, 1985 7:00 P.M. ROLLCALL MINUTES of September 9, 1985 approved as submitted or corrected by motion of , seconded by I. AWARD OF BIDS - EDINBOROUGH UTILITIES II. BILTMORE MOTEL REDEVELOPMENT III.' RESOLUTION RELATING TO EAST-EDINA-HOUSING FOUNDATION ADJOURNMENT EDINA CITY COUNCIL I. PUBLIC HEARING ON SPECIAL ASSESSMENTS. Affidavits of Notice by Clerk. Analysis of Assessment by City Manager. Public comment heard. Action of Council by Resolution. 3/5 favorable rollcall vote to pass. A. Street Improvement No. BA -137A - Hansen Road from Vernon Avenue to W. 60th Street - Assessment for.5700- 04,Hansen Road II. PUBLIC HEARING ON PROPOSED IMPROVEMENTS. Affidavits of Notice by Clerk. Presentation by City Manager or Engineer. Public comment heard. If Council wishes to proceed, action by Resolution. 3/5 favorable rollcall vote to pass if improvement has been petitioned .for; 4/5 vote required if no petition. A. Sidewalk Replacement Improvement No. P -S -35 Woodcrest Drive, W. 44th Street and Park Place III. PUBLIC HEARINGS AND REPORTS ON PLANNING MATTERS. Affidavits of Notice by Clerk. Presentation by Planning Department. Public comment heard. Zoning Ordinance: First and Second Hearing requires four -fifth (4/5) favorable rollcall vote of all members of the Council to pass. Waiver of Second Reading: Four - fifths (4/5) favorable rollcall vote of all members of the Council required to pass. Lot Divisions, Plats, Appeals: Favorable rollcall vote of majority of quorum required to pass. Final Plan Approval of Property Zoned Planned District: Three - fifths (3/5) favorable rollcall vote of all members of the Council required to pass. A. Appeal from Board of Appeals & Adjustments Decision - Kelly Doran - 5905 Ewing Avenue So. IV. SPECIAL CONCERNS OF RESIDENTS V. AWARD OF BIDS A. Edinborough Utilities B. Street Improvement No. BA -268 - Braemar Boulevard & Golf Course Construction C. Braemar Golf Course Club House D. Traffic Signal Control System - West, 70th Street and Cornelia Avenue E. Iron Removal Treatment - Plant #2 VI. RECOMMENDATIONS AND REPORTS A. Accessory Uses B. Relocation Study for Edina Historical Society C. Special Concerns of Mayor and Council D. Post Agenda and Manager's Miscellaneous Items VII. COMMUNICATIONS A. Set Hearing Date (11/4/85) 1. Utility Easement Vacation and Street Vacation - Dewey Hill Third Addition VIII. RESOLUTIONS. Favorable rollcall vote by majority of quorum to pass. A. Reconveyance of Tax Forfeited Lands B. Inducing Resolution for Housing Revenue Bonds - Biltmore Redevelopment Edina City Council Agenda October 7; 1985 Page Two IX. FINANCE A: Liquor Fund Reports as of 7/31/85 and 8/31/85. B. Resolution Cancelling Levy for 1985 on $5,400,000 General Obligation Improvement Bonds, Series 1984 C. Resolution Cancelling Levy for 1985 on $2,200,000 General Obligation Redevelopment Bonds D. Claims Paid. Motion of seconded by Fir payment of the following claims dated 10/7/85: General Fund $235,815.41, Art Center $1,248.59, 'Swimming Pool Fund $3,035.56, Golf Course Fund $27,262.44, Recreation Center Fund $74,825.21, Utility Fund $32,955.63, Liquor Dispensary Fund $5,047.80, Construction Fund $20,966.61, IMP Bond Redemption Fund $313,308.00, Total $714,455.25. SCHEDULE OF.UPCOMING MEETINGS /EVENTS. Monday. Oct 7 Regular Council Meeting Monday. Oct 21 Regular Council Meeting Monday Nov 4 Regular Council Meeting Monday ' Nov 11 VETERANS DAY - City Hall Closed Monday Nov 18 Regular Council Meeting 7:00 p.m. Council Room 7:00 p.m. Council Room 7:00 p.m. Council Room 7:00 p.m. Council Room AGENDA EDINA HOUSING AND REDEVELOPMENT AUTHORITY EDINA CITY COUNCIL REGULAR MEETING OCTOBER 7, 1985 7:00 P.M. ROLLCALL MINUTES.of September 9, 1985 approved as submitted or corrected by motion of , seconded by I. AWARD OF BIDS - EDINBOROUGH UTILITIES II. BILTMORE MOTEL REDEVELOPMENT III — RESOLUTION RELATING TO EAST EDINA HOUSING`.FOUNDATION ADJOURNMENT EDINA CITY COUNCIL I. PUBLIC HEARING ON SPECIAL ASSESSMENTS. Affidavits of Notice by Clerk. Analysis of Assessment by City Manager. Public comment heard. Action of Council by Resolution. 3/5 favorable rollcall vote to pass. A.. Street Improvement No. BA -137A - Hansen Road from Vernon Avenue to W. 60th Street - Assessment , for.5700= 04,Hansen Road II. PUBLIC HEARING ON PROPOSED IMPROVEMENTS. Affidavits of Notice by Clerk. Presentation by City Manager or Engineer. Public comment heard. If Council wishes to proceed, action by Resolution. 3/5 favorable rollcall vote to pass if improvement has been petitioned for; 4/5 vote required if no petition. A. Sidewalk Replacement Improvement No. P -S -35 Woodcrest Drive, W. 44th Street and Park Place III. PUBLIC HEARINGS AND REPORTS ON PLANNING MATTERS. Affidavits of Notice by Clerk. Presentation by Planning Department. Public comment heard. Zoning Ordinance: First and Second Hearing requires four -fifth (4/5) favorable rollcall vote of all members of the Council to pass. Waiver of Second Reading: Four - fifths (4/5) favorable rollcall vote of all members of the Council required to pass. Lot Divisions, Plats, Appeals: Favorable rollcall vote of majority of quorum required to pass. Final Plan Approval of Property Zoned Planned District: Three - fifths (3/5) favorable rollcall vote of all members of the Council required to pass. A. Appeal from Board of Appeals & Adjustments Decision - Kelly Doran - 5905 Ewing Avenue So. IV. SPECIAL CONCERNS OF RESIDENTS V. AWARD OF BIDS A. Edinborough Utilities B. Street Improvement No. BA -268 — Braemar Boulevard & Golf Course Construction C. Braemar Golf Course Club House D. Traffic Signal Control System - West 70th Street and Cornelia Avenue E. Iron Removal Treatment - Plant #2 VI. RECOMMENDATIONS AND REPORTS A. Accessory Uses B. Relocation Study for Edina Historical Society C. Special Concerns of Mayor and Council D. Post Agenda and Manager's Miscellaneous Items VII. COMMUNICATIONS A. Set Hearing Date (11/4/85) 1. Utility Easement Vacation and Street Vacation - Dewey Hill Third Addition VIII. RESOLUTIONS. Favorable rollcall vote by majority of quorum to pass. A. Reconveyance of Tax Forfeited Lands B. Inducing Resolution for Housing Revenue Bonds - Biltmore Redevelopment Edina City Council Agenda October 7, 1985 Page Two IX. FINANCE A. Liquor Fund Reports as of 7/31/85 and 8/31/85. B. Resolution Cancelling Levy for 1985 on $5,400,000 General Obligation Improvement Bonds, Series 1984 C. Resolution Cancelling Levy for 1985 on $2,200,000 General Obligation Redevelopment Bonds D. Claims Paid. 'lotion of seconded by for payment of the following claims dated 10/7/85: General.Fund $235,815.41, Art Center $1,248.59, Swimming.Pool Fund $3,035.56, Golf Course Fund $27,262.44, Recreation Center Fund $74,825.21, Utility Fund.$32',955.63, Liquor Dispensary Fund $5,047.80, Construction,Fund $20,9.66.612 IMP Bond Redemption Fund $313,308.00, Total $7142455.25. SCHEDULE OF UPCOMING MEETINGS /EVENTS Monday Oct 7 Regular Council Meeting Monday Oct 21 Regular Council Meeting Monday Nov 4 Regular Council Meeting Monday Nov 11 VETERANS DAY - City Hall Closed 7:00 p.m. Council Room 7:00 p.m. Council Room 7:00 p.m. Council Room Monday Nov 18 Regular Council Meeting 7:00 p.m. Council Room MINUTES EDINA HOUSING AND REDEVELOPMENT AUTHORITY SEPTEMBER 9, 1985 Answering rollcall were Commissioners Bredesen, Kelly, Richards, Turner and Courtney. MINUTES of August 5, 1985 and the Joint HRA and City Council Meeting of August 19, 1985 were approved as submitted by motion of Commissioner Turner, seconded by Commissioner Kelly. Ayes: Bredesen, Kelly, Richards, Turner, Courtney Motion carried. EDINBOROUGH UTILITIES APPROVED. Mr. Rosland presented a feasibility report for utilities for the Edinborough project proposed to be funded by the Edina Housing and Redevelopment Authority (HRA) as follows: Improvement Estimated Cost Sanitary Sewer No. P -SS -372 (on -site) $ 46,116.25 Watermain No. P -WM -357 (on -site) 16,427.50 Storm Sewer No. P.St.S. -178 (on -site) 45,617.50 Utility Services - Park 9,225.00 $117,386.25 Commissioner Bredesen moved adoption of the following resolution: RESOLUTION ORDERING EDINBOROUGH UTILITIES BE IT RESOLVED by the Edina Housing and Redevelopment Authority (HRA) that it does hereby determine to proceed with the following proposed improvements, including all proceedings which may be necessary in eminent domain for the acquisition of necessary easements and rights for construction and maintenance of such improvements; that said improvements are hereby designated and shall be referred to in all subsequent proceedings as follows: SANITARY SEWER NO. SS -372, WATERMAIN NO. WM -357, STORM SEWER NO. ST.S. -178 and PARK UTILITY SERVICES, all in the plat of Edinborough. Motion for adoption of the resolution was seconded by Commissioner Turner. Rollcall: Ayes: Bredesen, Kelly, Richards, Turner, Courtney Resolution adopted. Commissioner Bredesen then moved adoption of the following resolution: RESOLUTION APPROVING PLANS AND SPECIFICATIONS FOR PROPOSED IMPROVEMENTS AND DIRECTING ADVERTISEMENT FOR BIDS FOR EDINBOROUGH UTILITIES BE IT RESOLVED BY THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY: 1. The plans and specifications for the proposed improvements set forth in the following Advertisement for Bids form, heretofore prepared by the City Engineer and now on file in the office of the City Clerk are hereby approved. 2. The Clerk shall cause to be published in the Edina Sun and Construction Bulletin the following notice of bids for improvements: (Official Publication) CITY OF EDINA 4801 W. 50TH STREET EDINA, MINNESOTA 55424 HENNEPIN COUNTY, MINNESOTA ADVERTISEMENT FOR BIDS EDINBOROUGH WAY UTILITIES AND PHASE I SITE UTILITIES BIDS CLOSE OCTOBER 3, 1985 Project: Utility construction for Edinborough Way and Phase I site utilities for a 25 acre mixed use (offices, high rise building and residential) development in Edina at the Southwest Quadrant of 76th Street and York Avenue. Utility work is H.R.A. Minutes of September 9, 1985 Page Two to begin in 1985 with completion in 1986. Improvement Contract No. 85 -12 Sealed bids will be received and opened in the Council Chambers in Edina City Hall, 4801 West 50th Street at 11:00 A.M., October 3, 1985, and the City Council of Edina and Housing Redevelopment Authority of Edina will meet at 7:00 P.M., Monday, October 7, 1985, to consider said bids for the designated utilities. Estimated quantities: 4,605 L.F. RCP Storm Sewer 1,465 L.F. VCP Sanitary Sewer 4,130 L.F. DIP Watermain Bids shall be in a sealed envelope with a statement thereon showing the work covered by the bid. Bids should be addressed to the City Engineer, City of Edina, 4801 West 50th Street, Edina, PST 55424, and mailed or submitted personally to the City Engineer. Bids received by the City Engineer, either through the mail or by personal submission, after the time set for receiving them, may be returned unopened. Work must be done as described in plans and specifications on file in the office of BRW, Inc., 700 Third Street South, Minneaspolis, MN. All questions concerning said plans and specification should be directed to BRW, Inc. at 370 -0700. Plans and specifications are available for a deposit of $30.00 (by check). Said deposit will be returned upon return of the plans and specifications with a bona fide bid. No bids will be considered unless sealed and accompanied by a bondor certified check payable to the City of Edina in the amount of at least ten (10) percent of the amount of base bid. The City Council.of Edina and Housing and Redevelopment Authority of Edina reserves the right to reject any or all bids. BY ORDER OF THE EDINA CITY COUNCIL AND HOUSING AND REDEVELOPMENT AUTHORITY OF EDINA. Marcella M. Daehn,.City Clerk Motion for adoption of the resolution was seconded by Commissioner Turner. Rollcall: Ayes: Bredesen, Kelly, Richards, Turner, Courtney Resolution adopted. There being no further business on the HRA agenda, the meeting was adjourned by motion of Commissioner Turner, seconded by Commiss:-J9ffer *elly. MgC1o}Y4arried. Gordon Y,. iHug s Executive Dir ctor REQUEST FOR PURCIUASE TO: Mayor and City Council FROM: Francis Hoffman, City Engineer VIA', Kenneth Rosland, City ftanaver SUBJECT: REQUEST FOR PURCHASE OF ITEM IPA EXCESS OF $5,000 DATE: October 3, 1985 Material Description (General Specifications): Ed.i nborough Uti l-i ti es Quotations /Bids: Company 1. See attached tabulation 2. Rrp. S 't Amount of Quote or Bid Department Recommendation: None - Subject fo further verification %'�—�i ,�„�,,✓ Public Works Sion a Department Finance Director's Endorsement: The recomnended bid is is not within the amount budget for the purchase. J. N. Dalen, Finance Director City Manager's Endorsement: 1. I concur with the recommendation of the Department and recommend Council approve the purchase. 2. I recommend as an alternative: Kenneth Rosland, City 1•lanager c; h2 ANOAN'DALE SEWER &WATER, 121260,00 11402.00 9;lµ61.44 14e'z67,9� 16274 35 11261.20 16 7 - 5 2 2 12268.2 11.713.71'. 1 2P4 '17 r4 ij p'r. 14 D A L E CONSTRUCTION 15532,00 12477.10 93545,41'- 139664.01 18713.90 12580.80 1580 .`1 13056.00 10804.00 77--2. 77 0 F'V ;-- 31 A.' ' =:0«<, INC. 10975.24 10699.32 94931.02 148b69.74 15220,98 13497,44 15822,62 11596.16 12701.51 3:- ;71-2,1'• "7 APC014 CONSTRUCTION CO, 13651.60 11.304,•0 977 0 9. 10 140142.20 16692.80 15691.00 16155.QC-' 13137-50 12268•-50 33,'%766,911 'r)'p-S. CORPORATION 19852.00 11213.00 94654.00 145817.00 16739.00 13784.00 14612.00 12292 00 IC7•Z•3.00 33992f. , 0 0 S.J. LOUIS CON;TR(JCTION 12064.00 10544.60 61665.00 177534,10 13776.00 10789.00 20715.25 1 11908.00 1190@.o 350496.15 L & G REHDFIN. INC. 29580.00 17879.50 84835.00 135860.00 26474.00 11460.00 15356.5%r• 129E3.crll. 3521532' 00 BARDAROSSA & SONS, INC, 16891.36 13143.00 102055,00 147204.00 19950.00 12940.00 1073.255 153'.`_.00 11.236.00 357777. 61 G.L. CONTRACTING, INC. 14710.00 12769.20 101343.10 160365.63 17631.95 13820.60 15566.40 14934.65 11366.75 6251 3.26 HAYES CONTRACTORS, INC. 1.6366.20 13764.30 95571.45 159761.50 18323,35 13781,20 117137.06 15112,66 133 Fi 11 365201.73 EiRcluo 8. INC. 22649,00 12686.60 95-379.40 1.68417.70 17329.70 12664.80 18122.55 146'1.60 12439,60 774942.95 RICHARD VNUlSrjN, INC. 16060, 00 17469.90 101249.95 164681,05 17711.00 14675.80 17279.Ce 13`,1"'.05 13550.50 37648Ff. 25 llEN(l--'N CrU'4F-7RUCTION CO. 21.680.00 13714,00 80012-20 1-7-592.80 19536.00 13044. 00 176 .2. 0 C. 1 7D 00 4 (1 PROGRESSIVE CONTRACTORS 21621.20 14120.30 09109.75 172961.55 20562.50 15771.01 18373,75 13923.00 11-01 .00 371458.05 BERGSTROM RETAIL 29568.00 14260.00 91056.00 180949.00 20974.00 10104.00 22562.50 1567-I•.00 1.`160,00 400261-50 ENLON MILITIES 27424,00 1128,-:F. ?0 82726..80 -215060,95- 16185.90 11516. 02 2104! 12557.5C 1 -C 4.50 4195,01 .70 LAMETTI t, Stli,-=- INC, 21266.60 1.51907.00 00 1.955E�? C-o 21.5.`..3.00 14L24.2•• 2212- c 0 1._1.71 ,r!Ll 1 f! f; 634--34` 70 TO: FROM: SUBJECT: DATE: M E M O R A N D U M City Council /HRA Gordon Hughes BILTMORE REDEVELOPMENT October 4, 1985 Hrq -77- The City Council heard the Biltmore rezoning request on August 19, 1985. At that time, Frank Dunbar, the proponent of the project, also discussed their request for $1,000,000 of tax increment financing assistance from the HRA. Although the City granted preliminary approval of the rezoning request, the members of the HRA /Council expressed considerable reservation concerning the proposed financial assistance. Since August 19, 1985, staff and Mr. Dunbar have met on several occasions to discuss revisions to the financing proposal. Our discussions have led to the re- structuring of the proposal as outlined in the enclosed packet from Mr. Dunbar. This proposal requests that the City issue Housing Revenue Bonds to finance the project. If such bonds were issued, the savings resulting from lower interest rates would obviate the need for tax increment assistance. Mr. Dunbar, however, would request that the tax increment district pay costs for public improvements to Vernon Avenue which otherwise would be assessed against the project. The proposed Housing Revenue Bond issue is identical to that approved for the elderly building at Edinborough. Revenues from the operation of the building are pledged to repay such bonds. The general revenues of the City are not at risk. In my view, the revised proposal provides an excellent approach to the re- development of the site. We request authority to pursue a redevelopment contract with Mr. Dunbar during the next two months. This contract will then be submitted for your review and approval. We also recommend that the Council authorize an inducement resolution concerning the bond issue to allow this process to start. Such a bond issue will ultimately be contingent upon the redevelopment contract. GH /sw Enclosure 1 GLENN G.NYSECK GORDON V.JOHNSON JOHN K. BOUOUET JAMES VAN VALKENSURG MARK G. OHNSTAD DONALD D. SMITH DENNIS M.PATRICK MARSH J. HALBERG MARK E. LASEE JOHN R. PRAETORIUS THOMSEN,NYBECK,JOHNSON, BOUQUET & VAN VALKENBURG, P.A. LAW OFFICES SUITE 102 7250 FRANCE AVENUE SOUTH MINNEAPOLIS IEDINAI, MINNESOTA 55435 18121 835 -7000 October 3,1985 The Honorable C. Wayne Courtney and Members of Edina City Council 4801 W. 50th Street Edina, Minnesota 55424 Dear Mayor Courtney: I am enclosing herein a copy of a letter from Dunbar Development Corporation which reviews the new financial proposal for your consideration at the HRA meeting on Monday, October 7,• 1985. 0 k N I OF COUNSEL HELGE THOMSEN RICHARD D. WILSON, P.A. JACK W.CARLSON ROBERT E.2ECK Rather than the tax increment approach of One Million Dollars for assistance we are asking for approval of Housing Revenue Bonds of Thirteen Million Eiaht Hundred Fifty Thousand Dollars. This will undoubtedly be placed privately and as you know those bonds are not a general obligation of the City of Edina and must be paid for from the project. In addition to that this project should generate $150,000 in additional taxes which, being in a tax increment district, would be of assistance for off site improvements not only for this project but for the entire development district. Parenthetically you might consider this as an additional incentive to do this this year before the Federal Statutes are changed which would have a severe impact on thi.s and the entire district. . We have attempted here to change our financial approach and to respond to and reflect your respective concerns. With the Housing Revenue Bond approach we would have 20% low and moderate income persons eligible. This will also produce the additional taxes referred to above. Mayor C. Wayne Courtney -2- October 3, 1985 It is also the developers plan to pay $50,000 to the City -Park Fund for its use and said sum would be payable over a period of three years. Mr. Dunbar will present this at the HRA meeting on October 7th and will explain his costs and projections in greater detail and with some view graphs that are more readable than the schedules attached. We are still dealing with Health Central and Health Planning and they are recognized as experts and very thorough in their approach. It is also our feeling that this will produce some recycling of homes within the City in that presumably older persons will move into the project and make available their single family homes for sale to younger potential residents. Obviously they will not all be smaller homes, but hopefully a number of them will be so that this can help on our recycling program. We are available to review this with any of you as you prefer and of course, under this approach the entire risk is on the developers rather than on the City and our projections here certainly indicate that we are able to repay those bonds. We are asking for your authority to proceed to work out a redevelopment agreement with the staff for presentation to you at a later time and are also asking for an inducement resolution approvinq the sale of the bonds with the clear recognition that they would not be sold except according to normal legal procedures and would not be sold if we are unable to agree on a redevelopment contract. Hopefully this project will help in handling some of the traffic concerns in the area as specified in the BRW report. JVV:jd cc: Edina Council Kenneth Rosland Gordon Hughes Craig Larson Dunbar Development Corporation October 3, 1985 Mr. Kenneth E. Rosland City Manager City of Edina 4801 W. 50th Street Edina, MN 55420 RE: Biltmore Redevelopment Project Dear Mr. Rosland: As a follow -up to our September 24th correspondence, we enclose a summary of the financial structure proposed for the development which compares the Housing Revenue Bond proposal which is now before you to the previous financial structure which requested tax increment financing participation. Our restructured proposal provides the following: Meets the goals and objectives of the redevelopment district. This method for.realizing the redevelopment project is not precedent setting for the City. Allows the redevelopment district to realize the tax increment made available through this redevelopment project. Provides much needed Senior Housing within the community. Meets the requirement to provide 20% of the units to low and moderate households. We are, through the cooperation of area churches, attempting to assemble a task force which will allow us direct access to.the Edina market. Additionally, I would like to clarify one item that was stated in our previous correspondence regarding the City /Park contribution by the project. We have modified our previous proposal to a fixed amount of $50,000. This would be contributed over a three year period of time. I believe this reflects our discussions and hopefully clarifies outstanding items.. We respect the fact that there will be. further discussions necessary to develop a redevelopment contract and we look forward to the opportunity to proceed to those discussions with the City. Thank you for your continued encouragement on the redevelopment project. Sincerely, ran C. Dunbar Dunbar Development Corporation 5353 Gamble Drive Suite 311 Minneapolis,: Minnesota 55416 (612) 593 -5014 GRANDVIEW DEVELOPMENT PROGRAM fINANCIAI COMPARISON 01- Oct -85 PROFORMA Of CAPITAL LENDER PARTICIPATION HOUSING RfVENUE BOND. COSTS LOAN 130 IRS; B.S%) Land: Architect I1 Engineer: Development Cost: . Construction Cost: financing Costs: Bond Reserve Marketing Cost: Contingency: TOTAL COSTS DEVELOPMENT COSTS: SOURCE OF FUNDS: Capital Equity Participation Debt City Participation Housing Revenue Bond H 11,500,000 ; 11,500,000 1 210,943 ; 1 ?10.913 1830,000 ; 1830,000 17,741, 235 ; 11,111,235 11,242,598 ; 11,391.680 0 ; 1691,603 1115,000 ; 1715,000 1647,351 ; 1691,603 111,947,132 18)9,035 111,068,091 11,000,000 s0 113,832,064 1883,133 io i0 111.918,631 TOTAL SOURCE: ; 111,91].13? ; 113,832,061 ; i NEGATIVE CASH FLOW: ; 11,]51,106 ; 11,601,286 ; i AVERAGE RENTS: Per Unit 1995 ; 1995 ; Per Square feet 11.28 ; 11.28 ; Range ; 1850 - 11,375 1 1850 - 11,375 1 0 COSTS Of OPERATIONS: ; Expenses per Unit 15,000 ; 15,000 ; Taxes per Unit 11,200 ; 11,100 ; Debt Service per Unit ; 17,689 ; 17,921 ; •��s������ u����������� a �����������������e�� u���u ��u ������������������� a e��u�������� TAX INCREMENT: 1150,000 ; 1150,000 ; (annual) ' i i ( TAX INCREMENT FINANCING AVAILABLE: ; 11,540,000 ; 11,540,000 ; (To City; 30 yrs, 8.51) ; CITY PARTICIPATION NEEDED: Tax Increment Financing: ; 11,000.000 Interest Reduction with Bond: 10 ; - - - - -- - - - - -- - - - -- - - - - -- - - -- - D.D.C. 10/02/85 Dunbar Development Corporation September 24, 1985 Mr. Kenneth E. Rosland City Manager City of Edina 4801 W. 50th Street Edina, MN 55420 RE: Biltmore Redevelopment Project Dear Mr. Rosland: We are pleased to submit to the City of Edina an alternative financing structure for the redevelopment program proposed on the Biltmore Site which is in the Grandview Redevelopment District. We have analyzed the financial structure from the same redevelopment objectives that were stated in our presentation for the City Council on August 19, 1985. Those objectives are as follows: 1. Create a market acceptable development 2. Create an economically feasible development 3. Create a redevelopment that conforms to the redevelopment district objectives 4. Conform to the land use program The project is the same from the program standpoint. However, the financial structure has been modified and has, in our judgment, a slight impact on the market potential of the project. The maximum market acceptance would have been reached with the previous proposal which had no federal involvement. Our new proposal does introduce Housing Revenue Bonds along with their inherent requirements. Those requirements may reduce the number of people who would consider the development as their residence. However, based upon the completed market study which we obtained just prior to the council hearing, it is our collective judgment that the marketplace would be receptive to the project and would allow the project to proceed under an acceptable risk range, provided the City finds this form of financing acceptable. Health Central will provide you with an analysis of the market effect of this alternative financial program for your review, under seperate transmittal. Further, it should be noted that both the previous financial proposal and this financial proposal contemplate rents to be at a level we consider to be the upper end of the market, at $1.28 per Square Foot. Additionally, the City has expressed interest in understanding the history of the land acquisition and the status of the financial transaction leading to control of the property by the current pension fund. 1 have provided a copy of correspondence from Mr. Robert Johnson 5353 Gamble Drive Suite 31.1 Minneapolis, Minnesota 55416 (612) 593 -5014 detailing that financial history of site control.' Included for your review is a complete financial projection for both the lender participation /tax increment finance participation program which was previously presented to the Council for consideration and a financial analysis incorporating a Housing Revenue bond. Should the City elect to retain a financial consultant to provide them with a review of our proposal, we would be willing to meet with them at any time to discuss the proposal and we would reimburse the City for any cost incurred in securing the consultant. Regarding the Housing Revenue Bond program, in the event that the City Council would elect to proceed with the redevelopment program under this financial structure, the time schedule becomes a critical item due to potential Federal legislative changes and the certainty of redefinition of family size to determine acceptable entrance standards for the 20% low and moderate income units which would be included in the project. The bond transaction must be closed prior to the end of the year. I have provided you with a scedule of the critical events for the development to proceed under the financial structure. We believe the City of Edina has some overall benefits should they elect to proceed with the redevelopment program using the Housing Revenue Bond proposal. Substantially, all of the tax increment generated from the project would be available to the City for off -site improvements within the District and other development goals and objectives that the City has for the District. As previously discussed, we calculate the Biltmore site to produce annually approximately $150,000 tax increment, which could debt service a 25 year G.O. bond of $1,550,000 at 8.5% interest. The Housing Revenue Bond would produce, depending on market conditions, arbitrage income from the bond. We would commit that 10% of the arbitrage realized be provided to the City for its needs, hopefully within the District and the remaining 90% would be put directly Into the project. The amount put into the project creates value on the site, which in turn enhances the tax base of the facility. A schedule is attached which demonstrates the potential results of this suggested arbitrage program. This financial approval for the redevelopment projects has been used before within the City, and would not establish a new precedent to generate redevelopment within established districts. Regarding fees,.which would be taken from the project by partners or related entities, both the development fee and the builder fee would be paid to related entities of the partners. We would, however, commit that these fees are not taken until the project reaches economic viability, which is defined as 90% occupancy. The project, at that time, could absolutely support the fees, and we submit a fee of approximately 3.1% of the total development cost which, in our judgment, is below the market for providing such services within the Twin City development and building. industries. Additionally, the rate of return to investors for securing the debt for the project to proceed is on a ten -year average of approximately 3 %. Again, we believe this is low on the range of acceptable investment parameters. It does, however, demonstrate the desire on the part of the development team to expeditiously move the redevelopment program within the Grandview Redevelopment District. Also, this redevelopment project will realize a return on the effort, time and dollars already spent to form the Redevelopment District by the City. Should you have any questions with regaard to any of the information provided, or need further clarification with regard to any of the contents, please do not hesitate to contact us. We remain hopeful that the development program set forth will meet with your approval and that we will be able to work with the City to realize a quality housing development. Sincerely, /Z/O Frank C. Dunbar Dunbar Development Corporation FCD : cmc Encl. cc: Gordon Hughes Craig Larsen Minneapolis A Southgate Office Plaza Minneapolis, MN 55437 612 831 -8777 September 11, 1985 Mr. Frank Dunbar Grandview Development Company c/o Dunbar Development Corporation 5353 Gamble Drive Mpls., MN 55416 RE: Edina Biltmore Dear Frank: You have asked me to recap our total loss on the Edina Biltmore property. Our loss is as follows: 6/15/84 Purchase Price $1,4389483.00 Condo Project Cost outlined in letter dated 8/8/85 3349405.60 Accrued Carry Cost on Contracts & Taxes: Wallentine Contract Interest 149520.00 Northland Mortgage (Lutheran Brotherhood) 19,942.34 C.D. International Hawaiian Inn 11942.36 C.D. Edina Biltmore, Inc. 58,743.25 1984 Taxes (1st half) _ 17,751.94 Subtotal $1,8859788.49 Proceeds from Industrieo Sale 4/15/85 1,500,000.00 TOTAL LOSS $ 3859788.49 Enclosed are copies of the closing statements from when we purchased the property and when we sold the property which verify these amounts. Very truly yours, JOHNSON BUILDING CO ANY Robert A. Juht''son President (/ RAJ:jm Enal: ,�7 TITLE suvict:S. Itw'. 3O Matra 54uar• sulld111C St. Maul, Ml.u,uautw 5101 612- 227 -u571 CLOSINC S7'A1'k:MLNT BELLUs Edina Biltmore. Inc. CLOSING UATE: June 15, 1984 MIMI J.B.C. Development Xnc. DiRBIlt81LD DATILt Jude 15, 1984 LLIDLI TIRE FILI1 110.1 C13565 rawer ! AAML flBlLote 1,2.3 and 12, Block 1, Grandview Plateau BUYVa A6ow Dleluroeasate Appromefl EDDIMA BILTIioRE, INC. (Seller) (Stiller) , TI '" RYICIL9. 1110 . , y (Rt�C Du• Yru■ U�'YlT Uu• Tu l:tk.j T Uu• 11rur UCUIT U u MC IT Sala Price 1,438,483.00 ARI fin earn est Money Ik8,117,00 1AR 117 nn Additional 0.1 Ilav Hu r funtrae fa ad. 234,000.00 714 nnn nn fort • Intorpat 2nd Contract for Deed 163,316.00 T0941 I'MyofflAag v. to ftrIssV,41 Northland Mtee. 52 337.00 Principal 1 / rt ontract for DeeT Bal 603 328. Y. ar • credit Tuta Fr o/f Aar Inn CUMI•rlaa 503, Orlatnattull roe Atcorn+rtw Y.•• Stat• Da•d Tom Ib.rtraa• ka latr•tlon Tax Ar•aa•asnt• gal , Y. t. T• a l9 ssess. o s MM iW X-A W" Reimburse. to J 1,046.56 T1116 low. L Caa 4 Cloal L OlahuraAeacractln Tltl _Marurdlu Foam �� Ilasw Searchaa Aawaaaranr So•rc 7-1ps Cowara'• !!2.2a. Covra • Earrwr hold by Tills larvican Assess. to 2nd to Northland Mtge 1,046.56 SusTUTAL 1,168,761.00 1 285 Clark fro+ buyer Check to Sailor 152, 1122.28 Clack f on Sollwr TOTAL 1738,483.00 11,438,483.00 1 1 a 4FI. A6ow Dleluroeasate Appromefl EDDIMA BILTIioRE, INC. (Seller) (Stiller) , TI '" RYICIL9. 1110 . , y (Rt�C TITU SENVICES, IN1:. 30 Negro Square building St. Peel, Mlnneeols 35101 612- 227 -0171 CLOSING STATMI:NT SELL UtI J.B.IIi Development Inc. CLOSING DATRI 4/15/85 Magi Industrico 0111SUMDLD DAT11 4 /15/85 LIMM Till P1LN N0.1 C15557 PLOP[MTV AUUNIC38I muv►•s owl t WE $10,000.00 Earnest money at TSI "ova Disbursements Approtledl (Seller) (Impair) TIT711 B�MVIf:NH, 1NC. ' by yI -- - - - - - -- - — .. D From UPOIT Due To CREDIT Due From (UNIT) Uue To CMIT 1,500,000.03 Farnuat Munq Add ltluoul De omI t New 16lr1 u r Cuntract fr Wad, Walluntine u Pwlnrl.rl 248,156.00 Interest 364.00 248 520.OU Total PsvolflAmmumDtion C,D. Inrl. II va lla Prluclpel 164,785,77 1 t rert � Agcy_ fees 22 .0 1 5 258.3 111mrurve Credit Total Pa ofl A.s tfan lndustrlcu- Anal sis fee 3 750.OU Ilrl Inatton E'er Attornr� a Yrmr r gga 6 forgan 25 000.00 State Deed U n 3 300.00 Mkir1 xaee No 1 el rat ion Tan Aaeaeoments M.N. Tames 19 Delinquent Tesave 19 84 + Penalty L incerest Title lam. Ramelnat limi 3,600.00 _• Clorit.l L Dlol.uraaeaur Yee 3,500.00 Abet racttng(TlrIs Update 50.00 Nevordlu Peer 75.00 Name Searches 105.00 Aemrrrmant Searches 20.00 Prev. fray 1,500.00 Umury Cuvrrata__ 11srrow hold by Title liervlca Port ut Mean roc erhoo 72 279.34 JBC Contract- Principal 603 328.00 Int.-L fees 58 743.18 662,071.25 Yinsor Faricy Lien 1 Israelson Lien 13,000,00 Attorney fee - Petel 1U,000.0f1 Lien SUNIUTAL 1 5110 000.00 1,365,909 1.500.000.00 Cheri from buyer 1 500,-099 VhecL to fiellar I 34,0-211-Li- Chrrk from Seller ittiA-L _ 1,500.05 1,500,000.00 5 0 $10,000.00 Earnest money at TSI "ova Disbursements Approtledl (Seller) (Impair) TIT711 B�MVIf:NH, 1NC. ' by yI -- - - - - - -- - — .. GR/ ' DEVELOPMENT DEVELOPMENT SCHEDULE 2 1985 2 1986 2 1981 2 A N J J A S 0 N 0 1 J F N A N J J A S 0 N 0 2 J F N A N J J A S i i 1 1 2 f i 1 2 1 2 i 1 2 2 2 1 2 2 1 2 1 1 2 1 1 1 1 i 2 2 1 PARTNERSHIP ....................11 \1 \ \11 \Ir 1 1 1 2 2 1 1 2 1 2 1 1 1 1 1 1 i i 2 1 1 1 2 i 2 1 1 1 1 1 1 MARKET RESEARCH Phase I .................... •,•••• Phase 11 ................... •r••••r.... ' ' ' r r r 11111 \1111 r r , r r r r r r r r r r r r , r r r r r r r ..............•... GOVERNMENT REVIEN ..............1••••2••••11 \111 \ \1 \1111 \ \1\ \1111111 2 1 2 1 { 2 2 2 1 1 2 1 2 2 2 2 2 2 2 2 2 2 2 Redevelopment Contract..... oPae •f• •i• •,••••,••••,•..•,••••11111\ \111111 r r r , r I r r r r r , r r r r r r r r r r r r r r r r r r r r r r r r r r FINANCING ..................... r r r r r r r r , r r r r , r r 1 r r •,••••,••••,•••• r••.•,•..., .... \\111\11\1\\\1\r r r r r r I { 1 r r r r r r r r r SYNDICATION ................... DESIGN { 2 2 f f f 2 2 I 2 2 2 2 { 2 2 2 { f 2 2 2 2 2 { 2 2 2 2 2 2 Contract ..................... r .... 11 • •••,••••,••••,••••,••••,••11111 Phase ..................... ' r r •,•••• r•••• r•••• rr ••••rr •.••r r ••••,r ••••1 \II \ \ \II \r Phase 11 .. .................r.... ... .......... r r r r r r r r r I r r r ' i •1••••2••••2••••1••••21• ••1111111111\ \11111111. I f i 1 I r r r r r r r r r r l i I 2 2 1 1 2 1 1 1 i 1 2 1 1 1 1 1 2 i 1 1 1 i 1 1 1 2 1 1 CONSTRUCTION ....... ............1•••.2•.•.2••••2••• •1••••1••••1••••1••••1••1111111 1111111111111 \111\11111111 \1111 111111 111111111111\111111111 \11111111 I 1 2 1 1 1 1 Contract ................... , r r r •r r ••••i•• •r••••r••••r••••r••••rr •••• Bid r Phase I ................ •r r ••••r••••r••••I• •r••••r••••r••••r••••,••11111 r i r r r r , r r , , r , r r r r r r r r Phase 11 .................. r r r r r r r r r r r r r r r r r r r r r r r r r r r r r .......... ............................... .......................11111111 r r r r r r r r r r r r r r r r MARKETING ...................... 1••••2••••2 ••••1••••1••••1....2....2•..•1. ...1....1....1••.•1....1••••1•• ••1•••.1••••2••••11111111111111 11111 \11111111111 11111111111111111 \111111111111 1 1 1 2 f 1 1 1 2 1 1 2 1 1 1 1 2 1 1 1 2 1 1 1 2 1 1 1 2 2 1 OCCUPANCY..................... .r....,....f. .,.... r.... r....,.... r....,.... r.... r.... r.... r....,.... r ....r....,....r....,....r....1. .r....r....r.. r r f r 2 2 1 1 1 i 2 1 1 1 2 1 1 1 2 2 f 2 1 1 f 2 1 1 i 2 i 2 1 i i OPERATIONS MANAGEMENT .......... 1•.••1....2••••1•.•• i .,....,....,•...1. •r•••.,•.•.,...•2• •,.•••,•.••, ...• .........................I• •,••••,•••• 11111111111111111111111111 \111. O.O.C. 19/21/85 GRANDVIEW DEVELOPMENT 09 /23/85 POTENTIAL ARBITRAGE SCIMILE ARBITRAGE PERIOD BEGINNING BOND BALANCE BOND PROCEEDS : APPLIED 1 TO PROJECT 1 INTEREST PAID ON BONG (8.57) INTEREST EARNED ON: BOND PROCEEDS 1 (9.51) 1 ARBITRAGE TO PROJECT TO CITY (101) CONSTRUCTION 1 INTEREST : BALANCE 1 ENDING BOND BALANCE 1986 i J : 8.5X: 9.5X: J 101 J 783,817 JANUARY 1 13,832,064 1 2,647,336 1 97,977 1 88,546 i 118,28611 8,855 : 765,531 1 11,184,728 FEBRUARY 1 11,184,728 : 558,888 : 97,977 1 84,121 1 (22,268)1 8,412 1 743,263 : 10,625,840 MARCH 1 10,625,840 : 666,426 : 97,977 1 78,845 : (27,01611 7,885 : 716,247 1 9,959,414 APRIL 9,959,414 1 452,396 : 97,977 1 75,264 : (30,240): 7,526 : 686,007 1 9,507,018 MAY 9,507,018 1 480,149 : 97,977 1 71,463 : 133,6611: 7,146 : 652,346 1 9,026,869 JUNE 9,026,869 1 348,771 : 97,977 1 68,702 1 136,146): 6,870 : 616,201 : 8,678,098 JULY : 8,678,098 1 617,099 : 97,977 1 63,816 : 140,5421,: 6,382 : 575,658 : 8,060,999 AUGUST 8,060,999 1 746,658 1 97,977 1 57,905 : (45,862): 5,791 i 529,796 i 7,314,342 SEPTEMBER 1 7,314,342 : 752,370 1 97,977 : 51,949 1 (51,223)1 5,195 : 478,573 : 6,561,972 OCTOBER t 6,561,972 1 717,720 1 97,977 : 46,267 : 156,337): 4,627 1 422,236 : 5,844,252 NOVEMBER 1 5,844,252 1 634,881 1 97,977 1 41,241 i 160,860): 4,124 : 361,376 : 5,209,371 DECEMBER 5,209,371 1 623,766 : 97,977 1 36,303 1 165,30511 3,630 1 296,071 1 4,585,605 1987 1 JANUARY : 1;585,605 1 698,838 1 1 97,977 1 30,770 1 (70,284)1 3,077 1 225,787 : 3,886,768 FEBRUARY i 3,886,768 : 479,328 1 97,977 1 26,976 : (73,699): 2,698 1 152,088 : 3,407,440 MARCH I 3,407,440 1 451,109 1 97,977 1 23,404 1 (76,91311 2,340 : 75,175 : 2,956,331 +APRIL 1 2,956,331 1 319,242 : 97,977 i 20,877 1 (79,188)1 2,088 : 14,013)1 2,637,089 MAY : 2,637,089 : 184,370 : 0 i 19,417 1 17,476 1 1,942 : 0 : 2,452,719 JUNE 1 2,452,719 : 113,175 1 0 1 18,521 1 16,669 1 1,852 1 0: 2,339,544 JULY 11 2,339,544 : 94,646 : 0 1 17,772 : 15,995 1 1,777 1 0 : 2,244,898 AUGUST 1 2,244,898 : 82,435 : 0 t 17,119 1 15,408 : 1,712 1 0 : 2,162,463 SEPTEMBER 1 2,162,463 1 88,217 : 0 : 16,421 1 14,779 : 1,642 1 0 1 2,074,246 OCTOBER 1 2,074,246 1 88,217 1 0 1 15,723 1 14,150 1 1,572 : 0. 1,986,029 NOIIQIBER : 1,986,029 : 82,435 1 0 : 15,070 : 13,563 1 1,507 : 0 1 1,903,594 DECEMBER 1 1,903,594 : 99,182 : 0 1 14,285 : 12,856 : 1,428 1 0 : 1,804,412 1988 I 1 ! 1 ! I 1 JWUARY t I I 1,804,412 1 1 26,067 1 1 0 1 I 14,079 : ! 12,671 1 1 1,408 1 7 0 1 1,778,345 FEBRUARY 1 1,778,345 : 26,067 1 0 i 13,872 1 12,485 1 1,387 1 0 1 1,752,277 MARDI 1 1,752,277 : 26,067 : 0 1 13,666 1 12,299 1 1,367 1 0 : 1,726,210 APRIL 1 1,726,210 1 26,067 1 0 : 13,459 1 12,114 : 1,346 : 0 i 1,700,142 MAY 1 1,700,142 1 26,067 i 0 i 13,253 1 11,928 : 1,325 : 0 : 1,674,075 JANE t 1,674,075 t 26,067 : 0 1 13,047 1 11,742 1 1,305 1 0 1 1,648,007 JULY I 1,648,007 1 26,067 I 0 1 12,840 1 11,556 1 1,284 : 0: 1,621,940 AUGUST 1,621,940 : 26,067 : 0 1 12,634 1 11,371 t 1,263 1 0 I 1,595,872 SEPTEMBER I 1,595,872 I 26,067 1 0 1 12,428 : 11,185 : 1,243 1 0 1 1,569,8005 OCTOBER 1 1,569,805 t 26,067 1 0 1 12,221 1 10,999 1 1,222 1 0! 1,543,737 NOVEMBER 1 1,543,737 I 26,067 1 0 1 12,015 1 10,813 i 1,201 1 0 1 1,517,670 "DECEMBER 1 1,517,670 1 26,067 1 0 1 11,809 1 10,628 1 1,181 1 0 1 1,491,602 TOTALS 12,340,462 1,567,634 1,156,100 (527,144) 115,610 +NOTE: Remining interest expense is covered by operating expenses reflected in cash floe eeNOTEI Balance to cover Reserve and Fees 6RANDVIEN DEVELOPRENT A CAPITAL COST PROFORNA 13- Sep-85 .•.....••.....• •...•..•........•••••.......... RESIDUAL UNITS 152 SQ. FT. Narket Studies GROSS 145,146 NET g PARKING STALLS 76 7,500 LAND ACQUISITION Purchase Price Total land ARCHITECTURAL t ENGINEER Design Supervision Structural Mechanical Electrical Landscape Consultant Traffic Consultant Lighting Consultant Interior Consultant Relsbursables NOTES FOR WORM .................. 11500,000 ................151,127 S.F. 19.11 / S.F. 1,500,000 135,172 40,611 21,675 181%6 16,257 61774 3.367 2.032 5,119 10,321 Total Arch. A fog. 170,913 ................3.51 of construction costs DEVELOPMENT COST Narket Studies 15,180 Survey 51000 Soil Tests 7,500 Appraisals 31500 Nunlclpal Fees 31100 SAC /MAC Charges 50,000 ................Serer L Hater Access charge Permits 2,500 (Cited by Netro. Neste Control Commission) Title Ins. 7,500 ................(Total Bev. Cost / 1.111) • .55 Mortgage Reg. Fee 12,100 ................(Total Bev. Cost / 110) ' .19 Insurance 109101 ................ Wbrolls charge eoveringi Legal 351100 ' Partnership liability Coverage Accounting 1,000 Consultants 151101 Real Estate Tax" 30,100 ................Iased on 1 of eoaplatlon Partnership Ads. 60,100 (of bullding at and of year) Nanagement Start -up 15.110 ................At the start of Occupancy Carry Cost 5510100 ................Covers Negative Cash Flogs l Total Develmpment Cost 830,110 FINANCING COST D.O.C. 19/13/85 GRANOYIEN IEMELOPKIT PIIl6RAN Undervrlter fee 138,321 ................(Total 1ev. Cost ' .111 Lenders' Financing Fee 276,611 ................(Total Lev. Cost • .121 Trustee fee 31,580 ................(Total Nv. Cost • .1125) Construction Interest 1839817 ................for 16 months at 8.51 IS1080 • Letter of Credit 138,321 ................ITotal Lev. Cost ' .11) Bond Issuance Cost slice Reimburs men ts 61,000 Bond Counsel 15,100 Reserves 691,603 ................(Total 1ev. Cost • .151 Total financing 21683,283 CONSTRUCTION COST Construction Residential 6,310,250 ................ $41,712 / Per felt Parking Stalls 575,965 ................ 13,789 / Per unit ME 1501100 ................flatures, furniture 1 Equipment Common Space Finishes 1001100 Demolition 751100 Developer Fee 100,101 Total Construction 79711,235 ................ 8S1,929 / Per unit MARKETING COSTS Consultant 81,111 Leasing Aids 25,000 Commissions 200,110 Operations IS9100 Advertising 1501100 Scale Nodel 10,000 Special Events IS1080 • Tenant Satisfaction 25,100 Public Relations 15,800 Model Unit 001101 Reimburs men ts 61,000 Total Narketlng 715,110 ................ 81,711 / Per felt CONTINGENCY 6919613 ................(Total 9". Cost • .IS) TOTAL DEVELOPMENT COST 1318311161 ................ 191,011111 Per felt 8811ft1111"U ff.•gtttttft/l.tYtfitpft•tAtR. SOURCE OF FUNDS: EQUITY CAPITAL 101111 183,133 12,918,631 TOTAL IOURCE 11,132,161 FIRST MORTGAGE AMOUNT 12,948,631.38 RATE 0.0850 TERM 30.10 ANNUAL PAYMENT 11204,877.60 MONTHLY PAYMENT 100,406 BEGINING YEARS PRINCIPAL INTEREST END OF YEAR YEARS BALANCE PAYMENT BALANCE 1 11,948,631.38 11204,811.60 104,113.93 1,100,633.67 ~ 12,811,387 1 12,844,387.45 1,204,877.60 113,104.67 1,091,772.93 11,731,183 3 11,731,282.78 1,104,877.60 111,718.56 1,081,159.04 12,608,564 4 12,608,564.22 1,204,811.60 133,149.64 1,071,727.96 12,475,415 S 11,475,414.58 1,104,877.60 144,467.36 1,060,410.24 12,330,947 6 11,330,947.22 1,204,811.60 156,747.09 1,048,130.51 12,174,200 7 12,174,200.13 1,204,877.60 110,01039 1,034,807.01 12,004,130 8 12,004,12934 1,204,877.60 184,526.59 1,020,351.01 11,819,603 9 11,819,602.96 1,104,817.60 200,211.35 1,004,666.25 11,619,392 10 11,619,391.61 1,204,811.60 217,129.31 987,648.29 11,402,162 If 11,401,162.29 1,204,877.60 135,693.80 969,183.80 11,166,468 12 11,166,468.49 1,104,877.60 255,727.78 949,149.82 10,910,741 13 10,910,740.71 1,204,811.60 277,464.64 911,411.96 10,633,276 14 10,633,276.07 1,104,877.60 301,049.13 903,818.47 10,332,127 15 10,332,226.94 1,204,877.60 316,638.31 878,239.29 10,005,589 16 10,005,588.63 1,204,811.60 354,402.57 850,475.03 9,651,186 17 99651,186.01 1,104,811.60 384,516.78 820,350.81 9,166,659 18 9,266,659.28 1,204,877.60 417,211.56 787,666.04 8,849,448 19 8,849,447.72 1,204,877.60 452,614.54 752,203.06 8,396,773 20 8,396,773.18 1,104,877.60 491,151.88 713,725.72 7,905,621 21 7,905.621.30 1,104,877.60 5311899.79 671,977.81 7,372,722 21 7,372,721.51 1,104,877.60 578,196.27 626,681.33 6,794,515 13 6,794,525.24 1,204,877.60 627,342.95 571,534.65 6,167,181 24 6,167,181.18 1,204,877.60 680,667.11 524,110.49 5,486,SIS 25 59486,SIS.18 1,104,877.60 736,523.81 466,353.79 4,747,991 26 4,747,991.37 1,204,811.60 801,298.33 403,579.27 3,946,693 11 3,946,693.04 1,204,877.60 869,408.69 335.468.91 3,077,284 18 3,077,284.34 1,104,877.60 943,308.43 161,569.11 2,133,976 29 2,133,975.91 1,204,811.60 1,023,489.65 181,387.95 111109486 30 1,110,486.27 1,204,811.60 1,110,486.27 94,391.33 1 SECOND MORTGAGE AMOUNT 883,433.80 RATE 0.0850 TERN 30.00 ANNUAL PATIENT 811103.95 NONTNLT PATIENT 6,850 BE61NIN6 TEARS TEARS BALANCE PAYMENT PRINCIPAL INTEREST ENO OF TE BALANCE 1 883,433.00 82,203.95 7,112.14 75,091.81 876,311 2 876,320.86 82,103.95 7,716.68 14,487.27 866,604 3 866,604.18 82,103.95 6,372.59 73,831.36 860,231 4 860,131.59 82,203.95 9,084.26 73,119.68 851,111 5 851,147.31 82,203.95 9,856.43 11,347.52 841,291 6 841,290.90 82,103.95 10,694.22 71,509.73 830,597 7 830,596.67 82,203.95 11,603.13 70,600.72 818,993 8 8181993.11 811103.95 12,589.51 69,614.11 006,404 9 006,403.93 82,203.95 13,659.61 68,544.33 791,744 IB 792,744.32 82:203.95 14,810.66 67,383.21 111,914 11 777,923.64 82,203.95 16,060.44 66,123.51 761,843 11 761,843.20 82,203.95 17,447.28 64,756.67 744,396 13 744,395.91 01,103.95 18,930.30 63,213.65 125,466 14 715,465.63 81,203.95 20,539.37 61,664.58 704,926 15 704,926.26 81,103.95 22,185.22 59,918.73 681,641 16 682,641.04 82,203.95 24,179.46 58,024.49 658,461 11 658,461.58 82,103.95 16,134.71 55,969.13 631,227 18 631,216.06 82,203.95 18,464.67 53,739.28 603,762 19 603,762.10 81,203.95 30,884.16 51,319.79 572,818 20 511,878.04 81,103.95 33,509.32 48,694.63 539,369 21 539,368.71 82,103.95 36,357.61 45,846.34 503,011 22 503,011.11 01,203.95 39,448.00 41,755.94 463,563 23 463,563.11 82,203.95 42,801.08 39,402.86 410,761 24 420,762.01 82,203.95 46,439.18 35,764.11 314,313 25 374,322.85 81,103.95 50;386.51 31,017.44 323,936 26 323,936.34 82,203.95 54,669.36 27,534.59 269,167 27 269,266.98 81,103.95 59,316.26 12,887.69 209,951 28 209,950.72 82,103.95 64,358.14 17,845.61 145,593 19 145,592.59 81,103.95 69,818.58 12,375.37 15,764 30 75,764.01 82,203.95 75,764.01 , 6,439.94 0 61ANDYIEN DEVELOPMENT PIWAN 111111111111111 CASH FLOW NOTES 111111111111 \ \1 RENTAL INCOME: TOTAL INCOME: 154,783 PER NONTN 1,936,561 PER YEAR off# st fufffnfffu• unnunf• nrfffaf• ufe• u met f• fnffnnfffu ••fun•un•ffnf Delete fnufffuf RESIDENTIAL UINITSi 151 CAP. RATE 101 RESIDENTIAL VACANCY: SELL106 EXPENSE 5% NET AVERAGE KENT PER NONTNLY YEARLY 10i TYPE QUANITY PERCENT SQ.FT. RENTS SQ.FT. INCOME INCOME fvfnorffufrfrrvvfnrfrfnrrnannffrrunorrrrnusrrfrnnfrrufrfrfnrrrrrffrfnrrerfnrrrf ffffnfrffrofurnsffonnfunnnfonuuro■ Menthly Rent I KORN 78 16.152 660 ISO 1.19 $9,511 711,111 1 OEDRM 1 OEN 33 21.711 195 11121 1.28 33,661 113,911 2 KORN 11 26.971 910 1,151 1.20 41,151 5651811 3 KORN I 5.261 1,111 11375 1.29 111110 132,110 TOTAL+ 152 110.101 31125 1519311 19815,121 WEIGHTED AVERAGE: 716 99S 1.28 NEALS: 15,600 1.75 53 19,011 PARKING: 76 35 2,661 31,921 LAUNDRY: I I I VENDING: S 761 9,111 TOTAL INCOME: 154,783 PER NONTN 1,936,561 PER YEAR off# st fufffnfffu• unnunf• nrfffaf• ufe• u met f• fnffnnfffu ••fun•un•ffnf Delete fnufffuf RESIDENTIAL UINITSi 151 CAP. RATE 101 RESIDENTIAL VACANCY: SELL106 EXPENSE 5% IST YR. 101 (at 11th year) 2ND YR. 151 3RD YR. 10i ITN YR. Si OPERATING COST: Per Ink 1,703 Monthly Debt Payaent 110,106 UNDERGROINIO STALLS: 016 Menthly Rent 035 INCREASES (Am M Rental 111.10% Owatlne Expenea 114.11% O.D.C. "116/85 GRANDVIEw DEVEL AM GRANOVIEN DEVELOPMENT CORPORATION TEN -YEAR CASH FLON 16- Sep -85 ......................................................................................................................................................................... ..............................1 YEAR 1 YEAR 1 YEAR 3 YEAR 1 YEAR 5 YEAR 6 YEAR 1 YEAR 8 YEAR 9 YEAR It ...................................................................................................................................................... ............................... I.. I.. I............ TOTAL INCOME 1,936,561 2.011,122 1.19/,5/3 2,110,36) 2,265.511 2,356.121 2,150,366 2,518,381 2.651,316 117561319 VACANCY 111,611 5031506 209,158 1081918 113,115 117,806 122,518 127,119 132,516 137,016 EFFECTIVE INCOME 1,161,936 1,510,517 118851125 21069,118 2,IS2,226 1,238,315 2,327,818 2,120, %2 21511,816 2.618,512 OPERATING EXPENSE NANAGERENTt Office Expense 11800 1,872 1,911 2,115 2,116 21190 2,278 2,369 21163 11562 Management Fee 251,600 261.180 271,563 283.166 191,801 316,597 318,860 331,615 311,879 358,675 Advertising 11200 1,218 11298 11350 11101 1,160 I.SII 1,579 1,612 1,708 Legal I,S/0 1,560 11621 11687 11155 11815 1.898 1.911 21153 21135 Auditing 21500 2,600 2,701 21812 2,925 3,112 3,163 3,290 3,111 31558 Telephone 1,560 1,712 1,932 5,119 51335 51518 51170 6.101 61211 6,196 EqulP-Office 1,100 1,1% 215% 11100 21808 2,910 31137 31158 3,285 3.116 5uppllnoffice 11800 1,011 11911 2.125 1,106 21190 1,278 2,369 2,163 2,561 Miscellaneous 1110 11882 1,115 1,170 11217 1.265 11316 11369 1,123 1,481 Sub -total 266,800 279,552 290,731 301,363 311,158 327,836 310,118 353,122 367,871 382,586 OPERAT106: Gas 69,100 71,760 11,630 11,616 801110 83,919 87,317 91,199 91,131 l0, 219 Elevator Contract 51200 51408 5.614 5,819 61083 6,327 61580 61813 71117 7,101 Electricity 12000 13,680 15,127 17,111 19,131 51,099 53,113 $5,169 57,181 59,119 Exterminating 600 621 619 675 702 730 159 790 811 051 Trash Removal 11280 21371 2,166 2,565 2,667 2,111 2,865 31000 31121 31215 Motor Vehicles 1,200 11218 11298 11350 11101 1,160 I.S18 11579 11612 1,718 Snow Plowing 2,000 2,080 2,163 21250 2,310 2,133 2,531 21632 21737 21811 Miscellaneous I1560 1,622 11687 1,755 11825 1,898 11911 11153 21135 2,211 Sub -total 123,818 128,791 133,915 139,303 1141815 150,670 156,697 1611%5 169,181 ~ 176,263 REPAIR 6 NAINTENANCEs Grounds Supplies 2171 21361 21I5S 1,SS3 21656 21162 21872 21981 31117 31131 Grounds Contracts Well 31931 11186 I11S2 1,122 1,599 11783 1,911 5,173 51386 Cleaning Supplies 11108 2,180 21163 21251 2,311 2,133 11531 2,631 11131 1,817 Painting /Decorating 31100 31120 31215 31315 31510 3,650 3.7% 30918 1,116 11111 Air Conditioning 1.110 1,160 11326 11199 11679 1,867 5,161 5,164 51111 59693 Nesting I.IOO 1,146 1.182 I,I2S 11171 11217 1,265 11316 1,369 1,123 Electricity 31111 31536 31677 31815 31976 1,131 11312 1.111 1.653 11039 Building 11210 11118 I,t% 1.351 1,111 1,160 I.SIe I1519 1,611 11118 Plumbing 1.500 19561 1,612 19601 1,755 1.825 11898 1,971 2.153 2,135 Furniture 510 510 511 $62 Us 618 633 658 681 112 Flooring Cawing 1,511 1,560 11621 1.687 11755 1.025 11898 19971 1,153 21135 Appliance 11510 11560 1.612 1,601 1,1$$ 1,815 4098 11911 2,153 21135 Motor Vehicle 11211 11218 11298 1.351 1,111 1.161 lisle 19579 1,612 16710 D.D.C. 19/16/81 Put - GRAWItP' '-14ELGPW PROGRAM Miscellaneous 1140 1,082 1,125 1,170 1,217 1,265 1,316 1,369 1,423 1,480 . Sub -total 268,800 279,552 290,734 302,363 314,458 327,036 340,118 353,722 367,871 382,586 OPERATING., Gas Elevator Contract 69,000 3,200 71,760 5,408 74,630 5,624 77,616 5,849 80,720 83,919 87,307 90.799 91,431 98 209 Electricity 42000 43,680 45,427 47,244 6,083 49,134 6,327 51,099 6,580 53,143 6,843 55,269 7,117 7,401 Exterminating 600 624 649 675 702 730 759 57,480 59,779 Trash Removal Motor Vehicles 2,280 1,200 2,371 1,248 2,466 2,565 2,667 2,774 2,10 790 3 000 621 3'120 654 3,215 Snow Plowing 2,000 2,080 1,298 2,163 1,350 2,250 1,404 2,340 1,460 2.4 1,518 2,531 1'�q 1,642 1,708 Miscellaneous 1,560 1,622 1,687 1,755 1,825 1,898 1,974 2,632 2,737 2,847 2,053 2,135 2,220 Sub -total 123,840 128,794 133,945 139,303 144,875 150,670 156,697 162,965 169,484 176,263 REPAIR & PAINTENA Mt around$ Supplies Grounds Contracts 2270 3,780 2,361 3,931 2,453 4,088 2,553 2,656 2,762 2,872 2,987 3,107 3,231 Cleaning Supplies 2,000 2,080 2,163 4,252 2,250 4,422 2,340 4,599 2,433 4,783 4,974 5,173 5,380 Painting /Decorating Air 3,000 3,120 3,245 3,375 3,510 3,650 2,531 3,796 2,632 3,948 2,737 2,847 Conditioning Heating 4,000 4,160 4,326 4,499 4,679 4,667 5,061 5,264 4,106 5,474 4,270 5,693 Electricity 1,000 3,400 1,040 3,536 1,082 3,677 1,125 3,825 1,170 3,978 1,217 4,137 1,265 1,316 1,369 1,423 Building 1,200 1,248 1,298 1,350 1,404 1,460 1,302 1,518 4,474 1,579 4,653 4,839 Plumbing Furniture 1,500 1,560 1,622 1,687 1,755 1,825 1,898 1,974 1,642 2,053 1,708 2,135 Flooring Covering 500 1,500 520 1,560 541 1,622 562 1,687 585 1,755 608 1,825 633 658 684 712 Appliance Motor 1,500 1,560 1,622 1,687 1,735 1,825 I'll" 1,898 1,974 1,974 2,053 2,053 2,135 Vehicle Miscellaneous 1,200 1,248 1 X 298 1,350 X450 1,404 .4 1 1,518 1,579 2,135 1,708 400 416 433 44887 526 ,542 547 569 Sub -total 27,250 28,340 29,474 30,653 31,879 33,154 34,480 35,859 37,294 38,785 SERVICES., Meals Supplies 72,000 500 74,690 77,875 SO, 990 04,230 87,599 91,103 91,747 98,537 102,478 Entertainment 500 520 520 541 562 585 608 633 658 684 712 Rental Equipment 500 520 541 362 385 60 608 6 633 633 658 684 712 Excursions 0 0 0 0 0 656 684 712 Decorations Miscellaneous 1,000 500 1,040 1,082 1,125 1,170 0 1,217 0 1,265 0 1,316 0 1,369 0 1,423 520 541 562 585 608 633 658 684 712 Sub -total 75,000 78,000 81,120 64,365 87,739 91,249 94,899 106,748 98,695 102,643 OTHER: Taxes Insurance 182,400 45,000 189,696 46,800 197,284 205,175 213, 382 221, 917 230 ,794 240,026 249,627 259,612 Building 12,500 13,000 48,672 13,520 50,619 52,644 54,749 56,939 59,217 61,586 64,049 Vehicle 1,000 1,040 1,062 14,061 1,125 14,623 1,170 15,208 1,217 15,816 1,265 16,449 17,107 17,791 Mechanical Repair /Replaceietit 1,250 1,300 1,352 1,406 1,462 1,521 1,582 1,316 1,645 1,369 1,711 1,423 1,779 Miscellaneous 21,000 1,800 21,840 1,872 22,714 1,947 23,622 2,025 24,567 25,550 26,572 27,635 28,740 29,890 2,106 2,190 2,276 2,369 2,463 2,562 D.D.C. 09/16/85 GRANDVIEW DEVELOPIENT PROORM Sub -total 264,930 275,548 286,370 298, 033 309, 954 322,352 335,246 348,636 362,602 377,106 NET OPER. INCOME 402,096 720,283 1,063,282 1,214,732 1,263,321 1,313,834 1,366,408 1,421,064 1,477,907 1,537,023 TOTAL VIER. EXPENSES 759,840 790,234 821,843 854,717 888,905 924,462 961,440 999,898 1,039,894 1,081,489 NET OPER. INCOME 402,096 720,283 1,063,282 1,214,732 1,263,321 1,313,834 1,366,408 1,421,064 1,477,907 1,537,023 DEBT SERVICE 1,204,678 1,204,878 1,204,878 1,204,878 1,204,878 1,204,876 1,204,878 1,204,878 1,204,878 1,204,878 DEBT SERVICE 12 0 0 82, 204 62, 204 82, 204 62,204 82,204 82,204 82,204 82,204 CASH FLOW (802,782) (484,594) (223,800) (72,350) 123,761) 26,772 79,326 133,983 190,825 249,941 (Mult. by gne if nty.) I 1 1 1 1 0 0 0 0 0 NEGATIVE CASH FLOWS (802,782) 1484,594) 1223,8001 172,350) 123,761) 0 0 0 0 0 TOTAL NEGATIVE CASH FLOWi 1,607,286 SOURCE FOR NEGATIVE CASH FLOWi PROFORMA 551,000 SYNDICATION 231 ,782 484,594 223,800 72,330 23,761 0 0 0 0 0 EFFECTIVE CASH FLOW ,0 0 0 0 0 26,772 79,326 133,983 190,825 249,941 GRANDVIEW DEVELOPMENT PROli01M PROACTED SYNDICATION DISTRIBUTION \\\\\\\\\\\\\\\\ 1\\\\\\\\\\ 1\\\\\ 1\\\\\\\ 1\\\ 1\\ 11\\\ 1\\\\\\ 1\\\\\\\\\\\ 1\\\\\\\\\\\\ 1\\\ 1\\ 1\\\\\\\\\\\\\\ 1\\\\\\\\\\\ 1\\\\\\\\\\\\\\ 1\\\ 1\ 1\\\\\\\\\\\\\\\\\\\\\\\\ 1\\\ \ \ \ \ \ \ \ \1 \ \ \ \ \1 \ \ \ \ \ \ \ \ \ \ \ \1 \ \\ SYNDICATION AFTER SELLING EXPENSES: 557,556 975,775 836,378 418,189 TOTAL SYNDICATION: 2,787,925 EFFECTIVE SYNDICATION FOR DISTRIBUTION 305,804 491,180 612,579 345,839 TOTAL PAY -IN: 1,755,402 PRD,ECTED SEVERAL PARTNER DISTRIBUTION CASH FLOW 0 0 0 0 0 13,386 39,663 66,991 95,413 124,971 SYNDICATION 305,804 491,180 612,579 345,639 RESIDUAL 930,011 TOTAL AVAILABLE FOR DISTRIBUTION: 305,804 491,180 612,579 345,839 0 13,386 39,663 66,991 95,413 1,054,965 TOTAL PERCENTAGE DISTRIBUTION TO PARTNERS: PARTNER 1 (401) 122,322 196,472 245,032 138,336 0 5,354 15,865 26,797 38,165 421,994 1,210,336 PARTNER 2 (351) 107,031 171,913 214,403 121,044 0 4,665 13,882 23,447 33,394 369,245 1,059,044 PARTNER 3 (251) 76,451 122,795 153,145 66,460 0 3,347 9,916 16,748 23,853 263,746 756,460 ANNUAL RETURN RATION 0.022 0.036 0.044 0.025 0.000 0.001 0.003 0.005 0.007 0.076 PRESENT VALUE AVERAGE: 0.029 (at 101) -- GRANDKIW DEVELOPMENT PROGRAM NOTES FOR PROFORMA DEVELOPMENT PROGRAM 1f CAPITA. COST PROFORMA 1 3-Sep -85 RESIDENTIAL UNITS 152 SA. FT. Purchase Price GROSS 145,046 NET 0 PARKING STALLS 76 LAID ACQUISITION Purchase Price 1,500,000 ................152,427 S.F. $9.84 / S.F. Total Land 1,500,000 ARCHITECTURAL L ENGINEERING Design 135,472 Supervision 40,641 Structural 21,675 Mechanical 18,966 Electrical 16,257 Landscape Conslt. 6,774 Traffic Conslt. 3,387 Lighting Consit. 2,032 Interior Conslt. 5,419 Reimbursables 20,321 Total Arch. It Eng. 270,943 ................ 3.5% of Construction Costs DEVELOPMENT COST Market Studies 15,000 Survey 5,000 Soil Tests 7,500 Appraisals 3,500 Municipal Fees 3,000 SAC /WAC Charges 50,000 ................Sewr i dater Access Charges Permits 2,500 (Mete. waste Control Commission) Title Ins. 1,500 ................(Total Bev. Cost / 1,000) + .585 Mortgage Reg. Fee 12,000 ................(Total Dev. Cost / 1,001 a .0936 Insurance 10,000 ................(imbrella Charge coverings Legal 35,000 a Partnership Liability Coverage Accounting 8,000 Consultants 15,000 Real Estate Taxes 30,000 ................hsed on 2 of C"Oletien Partnership Ads. 60,000 (of wilding at and of year! Management Start -vp 15,000 ................At the start of Occepancy Carry Cast 551,000 ................Covers Negative Cash Flow Total Development Cost FINANCING C057 Lenders' Financing Fee Trustee Fee Construction Interest Lenders Services Fee 830,000 2589913 ................ITatal Bev. Cost • .12) 61,736 ................1Total Dew. Cost • .1125) 906,299 ................ Over 16 months at 11.5% 12,620 Total Financing 1,211,598 CONSTRUCTION COST Construction Residential 6,310,150 ................ 111,112 / Per Unit Parking Stalls 575,985 ................ 13,789 / Per Unit FFtE 150,000 ................Fixtures, Furniture a Equipment Common Space Finishes 200,000 Demo. 75,000 Developer Fee 400,000 Total Construction 7,111,235 ................ 1151,100 / Per Unit MARKETING COSTS Consultant , 80,000 Leasing Aids 25,000 Commissions 100,000 Operations 45,000 Advertising 150,000 Scale Model 10,000 Special Events 151000 Tenant Satisfaction 25,000 Public Relations 25,000 Model Unit 80,000 Reiabusaents 60,000 Total Marketing 715,000 ................ 14,111 / Per Unit CONTINGENCY 611,357 ................(Total Dew. Cost • .151 TOTAL DEVELOPMENT COST 11,917,132 ................ 185,178 / Per unit SOURCE OF FUNDS CAPITAL EQUITY 879,135 DEBT 11,168,091 CITY PARTICIPATION 1,110,110 k n n r nnr, i,nt • f////•/•• IIIIf1/ f /• /ff1 / /• /ffff / /f /f / /f /ft /1• /• TOTAL SOURCE 12,9471132 /// 1 /•fff /f /ffff /• / / /f / /ff /1 / / / /// /11111! / / /ff11 6RANDYEIY IEYEl0�PR06RAN FIRST 1ORT6AGEt SECOND NORTMEt ANDUNT 11,168,097.43 ANDUNT 879,635.10 RATE TERN 1.1050 30.00 RATE $.IISO ANNUAL PAYNENT 11213,310.00 TERN ANNUAL PAYMENT 30.10 97,158.10 NONTHLY PAYMENT 101,915 MONTHLY PAYNENT 81197 YEARS K61NING YEARS BALANCE PAYMENT PRINCIPAL INTEREST END OF YEAR MINING YEARS PRINCIPAL INTEREST ENO OF YEAR ----------- »»_ »� »_ »_ » BALANCE YEARS BALANCE PAYNENT BALANCE 1 2 11,066,091.13 11,006,907.65 1,223,310.80 1.223,310.10 61,189.11 61.611.70 1,162,150.23 19155,725.30 11,006,908 10.939,293 1 879,035.60 97,158.10 11859.73 92.298.68 871,175 3 10,939,292.% 1,223.310.00 11,711.21 1,118.625.16 10,861,579 2 3 811,175.27 868,885.27 97,158.10 97,156.10 51371.00 5,933.85 91,708.11 866.805 1 S 10,061,578.71 10,182,019.18 1,123,310.00 1,223,310.00 82.559.11 91,227.% 1,110,780.77 10,781.119 1 862,871.12 97.158.10 61556.91 91,221.55 90,601.51 862.871 856,315 6 10,690,791.52 1,223.310.00 100,806.89 1,131,112.85 11122,533.11 10,690,792 10,589,98S S 6 856,314.52 97.158.10 7,215.38 89,913.12 819,069 7 10,589,981.63 1,123,310.10 111.391.62 1.111,918.39 10,118,593 7 019,169.11 811,061.99 97,158.10 97,158.10 8,106.11 89,152.26 811,163 8 10,118,593.01 1.213,310.00 123,187.11 1,100,252.27 10,355.505 8 832.216.28 91,158.10 8.816.79 9,775.11 81.311.61 87.382.71 831.21E 9 If 10,355,505.28 10.119.193.33 1,113,310.80 11223,310.00 136.011.95 150,293.20 1,081.328.05 1,073.116.80 10,119,193 10,069,200 9 822,110.51 97,150.10 11,802.15 86,356.25 012,116 8119636 11 10,069,200.13 1.223,310.00 166,173.99 1,057,266.11 9,903,126 10 II 811,638.3S 799,701.97 97.150.11 97,158.10 11,936.38 13.189.71 85,222.13 799.102 11 9,903,126.11 1,213.310.00 183,S11.76 1,039.826.21 91719.611 12 786,512.21 91,158.10 11,571.61 83. %8.11 82,583.79 786,512 111,936 13 14 9.719.611.38 9,516,033.89 1.223,310.00 11223.310.00 202,780.19 221,171.11 1,020,559.51 999,167.56 9,516,831 9,292,761 13 111,937.66 97,ISB.10 16,111.95 81,153.15 15S.833 15 9,291,761.11 1,223,310.00 217,600.05 915,139.95 9,015.161 II IS 155,832.11 738,036.11 91,150.10 91,158.10 17,795.97 19,661.55 79,362.13 17,193.86 730,037 16 II 9,015.161.39 8.111.563.31 1,213,310.00 1,213,310.00 213,598.16 302.325.05 919,111.95 921,111.15 01711,563 16 718,372.20 91.158.10 21,729.32 75,129.18 710,372 696,613 16 8,169,237.19 1,223,310.00 331.070.07 889.269.91 8,169.237 0,135.167 17 18 696,612.81 672.631.97 97,158.10 97,ISB.10 21,011.91 73,117.51 611,632 19 8,135,167.12 1,213,310.00 369,111.12 851,192.50 1.166,020 19 616,099.92 97,150.10 26,532.15 29,311.91 11,626.36 67,811.19 616,100 616,101 21 21 1.166.020.00 1,358,112.10 1,213.310.00 1,223,310.00 107,907.90 150,138.23 815,132.10 772.601.11 11350.112 6,907,311 20 616,782.01 97,158.10 32.3 %.19 61,161.11 S811306 22 6,907,373.86 1,223,310.00 198,165.15 715,271.26 61109.318 21 22 S81,385.72 518,507.82 97,158.10 97.150.10 35,797.91 39,556.60 61,361.51 51,611.11 $10,580 509,031 23 6.109,308.12 1,223.310.00 550,362.65 672,977.35 51058,915 23 509.031.13 91.158.10 13,111.13 53,148.27 1651311 21 15 5.858,915.17 5,250,791.11 1,223,310.00 1,223,310.00 608,150.73 611.106.55 615,189.27 551,333.15 51250,795 11578,788 21 165,321.10 97.158.10 18.299.71 18,058.71 111.121 26 4, 578, 786. 19 1,123,310.00 112.567.21 180,111.76 3,636.211 25 26 111.021.30 363,650.13 97,158.10 97,158.10 $3,371.17 58.915.11 13,78111 38.183.26 363,650 301,675 27 3,836,210.91 1.223,310.00 820,536.80 102.803.20 3.015,681 21 301,611.99 97,158.10 65.167.53 31,990.07 239,501 28 3,015.681.11 1,123.310.00 906,693.17 316.616.83 21108,991 26 239,501.16 91.150.10 72,011.12 25,118.28 161,191 29 1,108.990.97 1,213,310.00 1,001.895.95 1211111.15 111011095 29 167,197.31 97,158.10 79,571.16 17,587.22 87,926 31 1.101.095.02 1.213,310.00 1,107,095.02 116,211.98 1 36 87,916.16 911158.10 87,926.16 9,232.25 0 TOTALS 1 152 1 RENTAL 151,310 1 1,815,720 WEIGHTED AVERAGES 1 ` 176 9 995 1 16 -k HEALS: 4 45,600 1 ' 53 7 79,809 PARKING: 7 NET AVERAGE RENT PER NONTHLY TEARY TYPE QUANITY PERCENT SQ.FT. RENTS SQ.FT. INCOME INCOME . oaoraaggraraaaaaatfrttaafitaatagsasafsrsttagaaatatocrf t$ fofraraatatgoiafatataftafigrairatigsaagagasgttasgtatrfaia 760 9 g$ Drag$$ +talsssasssa$ta g$ saassassams$agoras I KORN 78 16.151 660 150 1.19 59,510 714,111 1 KORN t OEN 33 21.711 795 1,120 1.28 33,661 413,911 2 KORN 41 26.911 900 11150 1.28 471ISO 56S,810 + - -W�3 KORN ryy ^w— —w -8 5.261 1,170 11375 1.19 111110 131,110 TOTALS 1 152 1 100.101 3,425 1 151,310 1 1,815,720 WEIGHTED AVERAGES 1 176 9 995 1 1.28 HEALS: 4 45,600 1 1.75 5 53 7 79,809 PARKING: 7 76 3 3S 2 2,660 3 31,910 LAUNDRY: 1 e e 1 1 PENDING: S S 7 760 9 9,120 TOTAL INCONE: I PER HOW 1 IS4,783 PER YEAR 1,936,560 \111111111111\1 CASH FLOW NOTES \11H1111111111 Residential UNITS 1 152 V Vmkr /r. STALLS 7 76 Monthly Rent /S 3 35 Residential I INCREASES (Annuel) VACANCY R Rental t .4 IST YR. 1.40 Op. Expenses 1.14 2ND YR. 0.25 310 YR. 0.10 CAP. RATE 101 AIM YR. 8.05 SELLING COST 51 OPERATING COST (at 11th Year) PER UNIT 1,183 ININTILT PAYNENT 111,945 O.O.C. 19/16/85 O.O.C. 19/16/85 EFFECTIVE INCONE 111611936 11510,517 1,865,125 2,169,118 2,152,226 2,238,315 2,327,048 2,420,962 2,517,860 2,618,512 OPERATIONS ' ADNINISTRATIVE: , 6RANOVIEW tOPNENT PROGRAM Office Expense 19800 11811 11947 e • 2,106 21190 21278 GRANVIEW OEVEIOPNEIIT CORPORATION 2,463 1,562 Management fee /Staff .- 261,180 211,563 283,466 TEN -YEAR CASH FLOW 306,597 318,160 331,615 311.879 358,675 Advertising 1,200 16- Sep-BS 11298 11350 1,404 1,460 11518 YEAR I TEAR 1 TEAR 3 YEAR 4 YEAR S YEAR 6 YEAR 7 YEAR I YEAR 9 YEAR If ............................................................................................................................................................................. 1,560 1,611 ............................... 1,7SS TOTAL INCOME 1,936,560 21114,121 2.194,583 21178,367 2,265,501 2,356,121 2,450,366 21548,381 2,650,316 - 19156,319 VACANCY 111,624 503.516 219,458 108,918 113,215 117.816 111,5111 127,419 132.516 131,816 EFFECTIVE INCONE 111611936 11510,517 1,865,125 2,169,118 2,152,226 2,238,315 2,327,048 2,420,962 2,517,860 2,618,512 OPERATIONS ' ADNINISTRATIVE: Office Expense 19800 11811 11947 21125 2,106 21190 21278 1,369 2,463 1,562 Management fee /Staff 252,110 261,180 211,563 283,466 294,804 306,597 318,160 331,615 311.879 358,675 Advertising 1,200 11248 11298 11350 1,404 1,460 11518 I,S19 11642 1,708 Legal 19500 1,560 1,611 1,667 1,7SS 11825 11898 1,974 2,1IS3 21135 Auditing 2,508 2,600 1,111 2,812 2,915 31142 3,163 31290 31411 31558 Telephone 4,560 4,142 41932 51129 51335 5,548 51770 6,811 6,241 6,491 Equipment - Office 21400 214% 2,5% 21100 2,608 2,910 3,137 31158 31285 3,416 Su"lles - Office 19801 1,811 1,947 2,025 1,186 2,190 1,278 2,369 2,463 2,562 Miscellaneous 1,640 1,182 11125 1,111 1,217 1,265 1,316 1,369 11413 11480 Sub -total 268,800 279,552 290,734 302,3633 314,458 317,136 341,116 353,722 367,871 381,506 OPERATING: Gas 69,108 71,761 74,630 11,616 00,720 83,949 17,307 911199 94,431 98,219 Elevator Contract 51100 5,408 5,624 51849 6,183 6,327 61580 6,843 7,117 11401 Electricity 42,100 43.660 45,427 47,244 49,134 51,099 $3,143 55,269 $1,481 59,119 Exterminating 600 624 649 675 702 738 759 790 821 854 Trash Removal 2,280 2,371 2,466 2,565 2,667 2,114 2.885 31110 31121 3,145 Motor Vehicles 1,200 1,248 11296 11350 1,404 1,460 11518 11579 1,642 1,711 Snov Ploving 21100 11080 2,163 2,250 2,340 20433 2,531 1,632 2,131 2,841 Miscellaneous 1,560 1,622 11687 1,155 1,825 11898 1,974 1,053 2,135 2,120 Sue -Total 123.840 128,194 133,945 139.313 144,675 150,671 156.697 162.965 169,404 176.263 REPAIR A RAINTENANCEr Grounds Supplies 21270 11361 21455 21SS3 2,656 1,161 2,872 21981 31117 31231 Grounds Contracts 31781 31931 4,188 4,252 4,411 41599 41183 4,914 51113 51380 Cleaning 5wlies 21161 21188 21163 21250 21340 21433 21531 1.632 11137 2,047 Palatiaq /8ecorat bug 31111 31121 31245 3,315 31510 31651 31196 3,948 4,116 4,271 Air Conditioning 41111 4,161 4,326 4,499 4.679 41867 5.161 5,164 5,414 51693 Neating I.NI 1.140 11182 11125 19110 19117 1,265 11316 11369 1,423 Electricity 31410 3.536 31671 3.825 31978 4.131 41312 4,474 4,653 41839 Bulidimg 11210 11248 11298 11351 11404 1.460 16518 11579 1,642 1,718 Plueblaq 11510 1.561 11622 11687 11155 11825 1.898 11974 21153 21135 O.O.C. 19/16/85 ORAMDVIEY OEVEL Iff PROGRAM Furniture 500 520 541 562 505 608 633 658 684 712 ^ Flooring Cowing 1,500 1,560 1,622 1,687 1,755 1,825 1,898 1,974 2,053 2,135 4 Appliance 1,500 1,560 1,622 1,687 1,755 1,625 1,B" 1,974 2,053 2,135 Motor Veicle 1,200 1,248 1,298 1,350 1,404 1,460 1,518 1,579 1,642 1,708 Miscellaneous 400 416 433 450 468 487 506 526 547 569 Sub -total 27,250 28,340 29,474 30,653 31,879 33,154 34,480 35,859 37,294 38,785 SERVICES: 402,096 720,283 1,063,282 1,214,732 1,263,321 1,313,854 1,366,408 1,421,064 1,477,907 1,537,023 Meals 72,000 74,880 77,675 80,990 81,230 81,599 91,103 91,747 98,537 102,478 Supplies 500 520 541 562 585 608 633 658 684 712 Entertainwnt 500 520 541 562 585 608 633 658 684 712 Rental Equipent 500 520 541 562 585 608 633 658 684 712 Excursions 0 0 0 0 0 0 0 0 0 0 Decorations 1,000 1,040 1,082 1,125 1,170 1,217 1,265 1,316 1,369 1,423 Miscellaneous 500 520 541 562 585 608 633 658 684 712 Sub -Total 75,000 78,000 81,120 84,365 87,739 91,249 94,899 96,695 102,643 106,748 OTHER: Taxes 182,400 189,696 197,284 205,175 213,382 221,917 230,794 240,026 249,627 259,612 Insurance 45,000 46,800 48,672 50,619 52,644 54,749 56,939 59,217 61,586 64,049 Building 12,500 13,000 13,520 14,061 14,623 15,206 15,616 16,449 17,107 17,791 Vehicle 1,000 1,040 1,082 1,125 1,170 1,217 1,265 1,316 1,369 1,423 Mehanital 1,250 1,300 s 1,352 1,406 1,462 1,521 1,582 1,645 1,711 1,779 Repair /Replatmnt 21,000 21,840 22,714 23,622 24,567 25,550 26,572 27,635 28,740 29,890 Miscellaneous 1,800 1,672 1,947 2,025 2,106 2,190 2,276 2,369 2,463 2,562 Sub -Total 264,950 275,548 286,570 298,033 309,934 322, 352 335,246 348,656 362,602 377,106 TOTAL OPER. EIPENSES 759,840 790, 234 821,843 854,717 888,905 924,462 961,440 999,898 1,039,894 1,081,489 NET OPER. INCOME 402,096 720,283 1,063,282 1,214,732 1,263,321 1,313,854 1,366,408 1,421,064 1,477,907 1,537,023 DEBT SERVICE 1,223,340 1,223,340 1,223,340 1,223,340 1,223,340 1,223,340 1,223,340 1,223,340 1,223,340 1,223,340 DEBT SERVICE 2 0 0 97,158 97,158 97,158 97,158 97,158 97,158 97,158 97,158 CASH FLOW (821,244) 1503,057) (257,216) (105,767) (57,178) (6,645) 45,909 100,566 157,408 216,525 1 1 1 1 1 1 0 0 0 0 1821,244) (503,057) 1257,216) (105,767) (57,178) (6,645) 0 0 0 0 TOIAL CASH FLOW: 1,751,106 S011RCE FOR RED. CASH FLOW PROFORMA 551,000 SYNDICATION 270 ,244 503,057 257,216 105,767 57,178 6,645 0 0 0 0 TOTAL SYNDICATION: 1,200,106 D.D.C. 09 /16/05 PAK RANDVIEY DEYaAvP IIT FROM FFECTIVE CASH FLOP 0 0 0 0 0 0 45,909 100,566 157,406 216,523 J GRANDVIEW OEVELOPNENT PROORMI -Te+? PROJECTED SYNDICATION DISTRIBUTION \\\\\\\\\\\\\\\\1\\\\\\\11\\\\\\\\\\\\\\1\1\\\\\\\\\\\\\\1\1\\\\\\\\\\\\\\\\\1\\\\1\\\\\\1\1\1\\\\\\\1\\\\\\1\\\\\\\\\\ 1\\\\1\\\\\\\\1\\\\\\\\\\1\\\\\1\\\\\\\\\\\\\\\\\\\\\\ \ \ \ \ \ \ \ \ \1 \ \ \1 \1 \ \ \ \ \ \ \ \ \ \ \ \ \ \1 SYNDICATION AFTER SELLING EXPENSES1 553,405 968,459 830,107 415,054 0 0 0 0 TOTAL SYNDICATION: 2,767,024 EFFECTIVE SYNDICATION FOR DISTRIBUTION, 283,161 465,402 572,891 252,109 TOTAL EFFECTIVE SYNDICATION: 1,573,563 PROJECTED GENERAL PARTNER DISTRIBUTION CASH FLOW SYNDICATION RESIDUAL AFTER SELLING EXPENSES 0 283 ,161 0 465,402 0 572,891 0 252,109 0 0 22,9% 50,283 78,704 108,262 1,866,406 TOTAL AVAILABLE FOR DISTRIBUTION: 283,161 465,402 572,891 252,109 0 0 22,955 50,283 78,704 1,974,671 (Nult:plltA by zero if negative) 1 1 1 1 0 0 1 1 1 1 TOTAL AVAILABLE POSITIVE DISTRIBUTION: 283 ,161 465,402 572,891 252,109 0 0 22,955 50,283 78,704 1,974,671 PERCENTAGE DISTRIBUTION TO PARTNERS: TOTAL LENDER (50 %) JOHNSON 120%) 141,580 56,632 232,701 93,080 286,445 114,578 126,055 50,422 0 0 0 11,477 25,141 39,352 987,333 1,850,(, BARLAGE (18%1 49,553 819445 100,256 44,119 0 0 0 4,591 4,017 109057 89800 15,741 13,773 394,931 345,567 740,03: 647,531 DUMBAR 1131) 35,395 58,175 71,611 31,514 0 0 2,869 6,285 9,838 246,834 462,52: ANNUAL RETURN RATIO: 0.011 0.018 0.022 0.010 0.000 0.000 0.001 0.002 0.003 0.076 PRESENT VALUE AVERAGE: 0.022 (AT 10%) JOINT POWERS AGREEMENT This Agreement made between the City of Edina, Minnesota (the "City ") and the Housing and Redevelopment Authority of Edina, Minnesota (the "HRA "). RECITALS: A. The HRA entered into a Land Sale Agreement And Contract For Private Redevelopment with the East Edina Housing Foundation, dated as of August 1, 1985 (the "Agreement "). B. By the Agreement, the HRA agreed to do certain HRA Public Improvements (as defined in the Agreement) in the Project Area (as defined in the Agreement), and agreed to use its best efforts to cause the City to do certain City Public Improvements (as defined in the Agreement). C. The HRA Public Improvements and the City Public Improvements consist, in part, of constructing certain sanitary sewer lines, water lines, storm sewer lines and utility services, (all herein called the "Public Utility Work "), which are physically connected and functionally related to each other, and should be publicly bid and awarded as one construction project, and constructed by means of one construction contract (the "Contract "). D. The City and HRA desire to enter into this agreement under Minnesota-Statutes, Section 471.59 (the "Joint Powers Act ") in order to jointly and cooperatively publish bids for, award contracts for, and do the Public Utility Work. NOW, THEREFORE, the City and the HRA hereby agree, under and pursuant to the Joint Powers Act, as follows: 1. They shall together prepare bid plans and specifications for the Public Utility Work. 2. They shall together advertise and publish for bids pursuant to at least the provisions and requirements of the Minnesota Statutes relating to public bidding of contracts applicable to the City. 3. They shall together award one Contract for all of the Public Utility Work, pursuant to the Minnesota Statutes applicable to the City. r 4. The public bidding specifications and the - Contract awarded shall be itemized so that the cost of the HRA Public Improvements and the City Public Improvements included within the Public Utility Work can be separately determined. 5. The City and the HRA, or their agents, jointly shall supervise performance of the Contract and the City shall initially pay all costs to be paid by the City and the HRA pursuant to the Contract. The HRA, upon demand made by the City, shall reimburse the City for the cost of the HRA Work included within the Public Utility Work. 6. Upon completion of the Contract and payment by the City of all costs due by the HRA and the City under the Contract, and reimbursement by the HRA to the City pursuant hereto, this Joint Powers Agreement shall terminate. IN WITNESS WHEREOF, the City and the HRA have caused this Joint Powers Agreement to be duly executed as of the 7th day of October, 1985. HOUSING AND REDEVELOPMENT AUTHORITY CITY OF EDINA OF EDINA, INNNESOTA By By — Its Chairman Its Mayor And And Its Assistant Secretary Its Manager -2- 4. The public bidding specifications and the Contract awarded shall be itemized so that the cost of the HRA Public Improvements and the City Public Improvements included within the Public Utility Work can be separately determined. ,o v TN 1 11,0, THE /i1' .4 c, 0 N r -r/4,r C�Ty 5. The City shall supervise performance of the Contract and shall initially pay all costs to be paid by the City and the HRA pursuant to the Contract. The HRA, upon demand made by the City, shall reimburse the City for the cost of the HRA Work included within the Public Utility Work. 6. Upon completion of the Contract and payment by the City of all costs due by the HRA and the City under the Contract, and reimbursment by the HRA to the City pursuant hereto, this Joint Powers Agreement shall terminate. IN WITNESS WHEREOF, the City and the HRA have caused this Joint Powers Agreement to be duly executed as of the 1st day of August, 1985. Housing and Redevelopment Authority of Edina, Minnesota By Its Chairman City of Edina By Its Mayor And And Its Assistant Secretary Its Manager {} k A- Commissioner introduced the following resolution and moved its adoption: RESOLUTION RELATING TO THE SOUTHEAST EDINA REDEVELOPMENT PLAN; RATIFYING AND AFFIRMING THE EXECUTION OF VARIOUS AGREEMENTS AND AUTHORIZING THE EXECUTION OF VARIOUS OTHER DOCUMENTS BE IT RESOLVED by the Board of Commissioners of the Housing and Redevelopment Authority of Edina, Minnesota (the "HRA "), as follows: 1. Recitals. The HRA and the Edina City Council have previously approved a redevelopment plan, as defined in Minnesota Statutes, Section 462.421, subdivision 15, designated as the Southeast Edina Redevelopment Plan (the "Plan "). Acting pursuant to the Plan the HRA has acquired certain land in the area included in the Plan and it has been proposed that the HRA sell and transfer a portion of such land to the East Edina Housing Foundation (the "Foundation "), pursuant to a Land Sale Agreement by and between the HRA and the Foundation (the "Agreement "). By a resolution adopted May 6, 1985, the HRA approved the form of the Agreement and authorized the Chairman and Secretary or Assistant Secretary of the HRA to execute and deliver the Agreement on behalf of the HRA with such modifications as are deemed appropriate and approved by the attorney for the HRA and the Executive Director of the HRA. Pursuant to such authorization the Chairman and Secretary of the HRA have executed and delivered the Agreement to the Foundation. In connection with the transactions contemplated.by the Agreement there has been prepared and submitted -to the HRA an Elderly Housing Interest Reduction Agreement (the "Interest Reduction Agreement "), dated as of October 1, 1985, between the HRA and the Edina Park Plaza Associates Limited Partnership, an Illinois limited partnership to be formed (the "Partnership "), and a Deed and Covenants Running with the Land (the "Deed ") from the HRA to the Partnership. 2. Ratification of Execution and Delivery of Agreement. The execution and delivery of the Agreement by the Chairman and Secretary of the HRA is hereby ratified and affirmed. 3. Authorization for Execution and Delivery of Further Documents. The form of the Interest Reduction Agreement and Deed are hereby approved subject to such modifications as are deemed appropriate and approved by the attorney for the HRA and the Executive Director of the HRA, which approval shall be conclusively evidenced by the execution of the Agreement by the Chairman and Secretary or Assistant Secretary of the HRA. The Chairman and Secretary or Assistant Secretary of the HRA are directed to execute the Interest Reduction Agreement and the Deed. The Chairman and Secretary or Assistant Secretary of the HRA are also authorized and directed to execute such other instruments as may be required to accomplish the transaction herein contemplated including but not limited to any amendments or supplements to the Agreement, the Interest Reduction Agreement and the Deed and other agreements as may be necessary to accomplish the transactions contemplated by the Agreement. The execution of any such amendments, supplements or agreements by the Chairman and Secretary or Assistant Secretary of the HRA shall be conclusive evidence of the approval of such documents by the HRA in accordance with this Resolution. Attest: Dated this 7th day of October, 1985. Chairman Executive Director The motion for the adoption of the foregoing resolution was duly seconded by Commissioner and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared passed and adopted and was signed by the Chairman and his signature attested by the Executive Director. w Edina City Council Edina City Hall 10 -3- 1985 Re: Proposed special assessment on 5700 -04 Hansen Road (street improvement #BA -137A) —4 In reference to the Edina City Council's proposal to reduce the special assessment on 5700 -04 Hansen Road per the City Council meeting and minutes of Sept.16,1985 : After speaking further with Mr. Fran Hoffman, we are willing to accept a compromise reduced assessment of 150feet or $3,000.00 based on our narrow odd lot size. We further agree to withdraw any pending legal action now or in the future against the City of Edina regarding removal of trees from our property during the Hansen Road improvement project. Hansen Road. We also withdraw our opposition to the parking restrictions on Sincerely, 9-ozeo James P. Fosen Richarb Pelava .joint tenants /co- owners 5700 -04 Hansen Rc ROY C. CARLSON, PRES. CERTIFICATE OF SURVEY 10600SHERIDAN AVE. SO. 881 -4870 55431 cu INC Survey fort Dorn Bldrs., Ise. LAND SURVEYORS Licensed, Insured & Bonded A r .Z3 i Proposed garage el.` 937.40 l r , c' --------- P. Description; All that part of Lot 6, Garden Park, lying North of the south 899.0 feet thereof and East of ✓ G ?o the Minneapolis, Northfield & . J5 ' zc Southern Railways also that part of f- lot 7, said addition, lying East ,�? •� /00.9. ; , of said railway. ��tj WILLIAM A. CARLSON, V.P. 2324 W. 110TH ST. _ 888 -2084 55431 �x Q 0 Q / "- 60' s t a � we hereby certify that this is a true and correct representation of a survey of the boundaries of the land above c;escribed and of the location of all buildings, if any, thereon, and all visible encroachments, if Say, from or on said land. As surveyed by us this 27th day of June, 1970. b[inn. Rage Noe 5648 ROIL C.' CARLSON, PRES. 10600SHERIDAN AVE. SO. 881.4870 55431 Survey for; i Lorn Bldrs., Inc. I i o a T --� �3 I O cY CERTIFICATE OF SURVEY L1 A AM10l1 II Aa, LAND SURVEYORS Licensed, Insured & Bonded WILLIAM A. CARLSON, V.P. 2324 W. 110TH ST. 888 -2084 ^ 55431 N a Q, v t.1 Proposed garage el 933.35 s Desoriptioni The north 135.0 feet of the South 399.0 feet of lot 6, Garden Park, lying East of the Minneapolis, Northfield & Southern Railway, Hennepin County, Minn. We hereby certify that this is a true and correct representation of a survey of the boundaries of the lead above described and of the location of all buildings, if any, and all visible encroachments, if any, from or on said land. As surveyed by us this 27th day of June, 1970 i Minn. Reg. No. 5648 1. � �► 4 Z, u C] LLI O LLJ C1 w V'( m t.1 Proposed garage el 933.35 s Desoriptioni The north 135.0 feet of the South 399.0 feet of lot 6, Garden Park, lying East of the Minneapolis, Northfield & Southern Railway, Hennepin County, Minn. We hereby certify that this is a true and correct representation of a survey of the boundaries of the lead above described and of the location of all buildings, if any, and all visible encroachments, if any, from or on said land. As surveyed by us this 27th day of June, 1970 i Minn. Reg. No. 5648 RESOLUTION AMENDING SPECIAL ASSESSMENT LEVIED ON ACCOUNT OF PUBLIC IMPROVEMENT BE IT RESOLVED by the City Council of the City of Edina, Minnesota, as follows: 1. Special assessment for Street Improvement No. BA -137A is hereby amended to reduce the assessment for Part of Lot 6 and 7, Garden Park (32- 117 -21 -14 -0053) to a total assessment of $3,400.00. 2. The City Clerk shall forthwith prepare and transmit to the County Auditor a copy of this resolution and a certified duplicate of said assessment with each then unpaid installment and interest set forth separately, to be extended on the tax lists of the County in accordance with this resolution. ADOPTED this 7th day of October, 1985. STATE OF MINNESOTA ) COUNTY OF HENNEPIN ) SS CITY OF EDINA ) CERTIFICATE OF CITY CLERK I, the undersigned duly appointed and acting City Clerk for the City of Edina, do hereby certify that the attached and foregoing Resolution was duly adopted by the Edina City Council at its Regular Meeting of October 7, 1985, and as recorded in the Minutes of said Regular Meeting. WITNESS my hand and seal of said City this 8th day of October, 1985. Marcella M. Daehn, City Clerk October 7, 1985 r REVISED ESTIMATE OF COST CITY OF EDINA, MINNESOTA SIDEWALK REPLACEMENT IMPROVEMENT N0. P -S -35 LOCATION: West 44th Street, Woodcrest Drive, Park Place HEARING DATE: October 7, 1985 ESTIMATED COST OF CONSTRUCTION: $14,878.88 (Includes Engineering & Clerical & Interest ASSESSABLE LOTS: Approximately 56 (Additional Requests) NIT QUANTITY MATERIALS PRICE TOTAL 5,700 S /F, Remove 4 1I.Concrete Walk @ 0.25 $ 1,425.00 275 L /F, Remove 6" Concrete Walk @ 0.30 82.50 275 S /F, 6" Concrete Sidewalk @ 2.25 618.75 5,700 S /F, 4" Concrete Sidewalk @ 2.00 11,400.00 Prepared By Checked By SUB - TOTAL: $13,526.25 ADD 10% ENGINEERING,.CLERICAL & INTEREST: 1,352.63 ESTIMATED TOTAL COST OF CONSTRUCTION: $14,878.88 ancis J. Hoff an, P. Director of ublic Wo s d City Engineer vp CITY OF EDINA 4801 W. 50TH STREET EDINA, MINNESOTA 55424 NOTICE OF PUBLIC HEARING PROJECT P -S -35 Woodcrest Drive, W. 44th Street, Park Place The Edina City Council will on Monday, October 7, 1985, at 7:00 p.m., at the Edina City Hall, 4801 West 50th Street, hold a Public Hearing on the necessity and feasibility of repairing sidewalk. This hearing has been called as a result of concern over the condition of the sidewalks. Your receipt of this notice is an indication that property whose ownership is listed to you is among those properties which are con- sidered to be benefitted. The proposed sidewalk repair project is similar to the Country Club District project currently underway. Cracked, raised and /or sunken sidewalk is being replaced. The estimated cost is $14,932.00 which will be assessed against some properties on the above listed streets. (Park Place, Woodcrest Drive, and W. 44th Street). Properties which do not have work done on the boulevard sidewalk will not be assessed. The approximate estimated cost per lot is $250.00. The project assessment is proposed to be spread over a three year period. The proposed project would be done this Fall, 1985 with the assessment in 1986 and the first installment due in 1987. The area proposed to be assessed for the cost of proposed improvements includes some properties in the Colonial Grove Sixth Addition; Lots 79 thru 92, Morningside; Lots 23.thru 27, Riley's Subdivision of Lots 3, 4, 5, 6, 7,30 & 31 Grimes Homestead; Lots 14 thru 16 Melvin Grimes Sub- division; Lots 11 thru 13 Grimes Homestead; and Lots 9 thru 15, Block 11, Browndale Park. Any Inquiries, comments and /or suggestions you may improvement may be forwarded to the City Council or Department prior to the hearing or presented at the If you desire additional information, please call m 8:00 a.m. and 4:30 p.m., Monday through Friday. Thankyou. Francis J. offman, APE. Director of Public Works and City Engineer FJH:jgr September 27, 1985 have regarding this Engineering hearing itself. e at 927 -8861 between STEWART J. McINTOSH 4116 WEST 44TH STREET MiAiE4P91`1S MINNESOTA 55424 L111 GIJ�i.Kd. le / llu G �� U O � 6 -57Gy A 4. t -22r4 SEPTEMBER 8, 1985 KELLY J. DORAN 5985 Ewing Ave. South Edina, Minnesota 5541.8 CITY CLERK CITY OF EDINA 4881 West 58th Street Edina, Minnesota 55424 Gentlemen: I hereby request an appeal of the Edina Board of Appeals and Adjustments denial on September 5, 1935 of my request for a two foot side variance, your reference number B- 85 -23. Please inform me of the day and time that my appeal will be heard before the City Council of Edina. If you have any questions, please don't hesitate to call me. Sincere ; Kelly J. Doran (w) 854 -5525 (h) 927 -6594 t vzl DINA PLANNING DF=PAIZ B -85 -23 Kelly Doran 5905 Ewing Avenue �$V Mr. Dommer informed the Board that of the proponents to convert an existin A to a small two car garage. The purpose eliminate the need to park on the grass jockey cars when a family member leaves it is the intention g single car garage of this is to and continually the house. Mr. Dommer added that presently, the single car garage is setback nine feet from the property line and the Proponents request permission to widen the garage 6 feet thus creating an 18 foot garage with a 3 foot sideyard. The .Zoning Ordinance specifies a minimum side yard of 5 feet thus a two foot variance is requested. Mr. Dommer pointed out that on this block between 58th and 60th Avenue there are 19 other dwellings which have single car garages and face the same problems as the proponents. 17 of these nineteen homes also do not have enough land available to widen their garages without a variance. This indicates that there is not a hardship due to the unique nature of this lot which is not encountered by other lots in the area. Mr. Dommer continued that this block also contains 11 sites with double garages. The average sideyard at these sites is 7.6 feet. No sideyard on the entire block is less than 5 feet. Furthermore, the average size double garage in this area has a width of 21.5 feet. The 18 foot garage proposed is barely adequate for two small cars. Future owners with larger cars would be unable to utilize the garage. Mr. Dommer told the-Hoard that despite the increased encroachment on the side yard, the surrounding property owners have no objection to the proposal. Impact on surrounding properties will be minimal. Mr. Dommer concluded that the administrative staff recommends that the requested variance be denied. Denial of this variance would not prevent the proponents from obtaining a right held by others in this area and prevents the possible emergance of a precedent which would permit a substantial number of other dwellings to encroach on the side yard requirements. A discussion ensued between Board members on proposing alternative garage sites to the one presented by the proponent. The majority of Board Members felt uneasy in granting this variance. It was felt that a- favorable decision of the proponents request would set a precedent in the area. Board members also felt that a hardship was not unique to this property. At this time Mr. Doran arrived and Mr. Palmer briefed Mr. Doran on the Boards discussion . Mr. i Doran stated that due to monetary reasons he would not consider the Boards alternative garage sites. Mr. John Skagerberg moved for denial of the requested variance. Mr. Phil Sked seconded the motion. Mrs. Rose - Mary Utne opposed the motion. The motion carried. III. ADJOURNMENT The meeting was adjourned at 6:00 P.M. Respectfully Submitted, V BOARD OF APPEALS AND ADJUSTMENTS STAFF REPORT SEPTEMBER 5, 1985 B -85 -23 Kelly Doran 5905 Ewing Avenue South S 1/2 of the W-1/2 Lot 43 AUD SUB #312 Zoning: R -1 Request: A two foot side yard variance to expand an existing single car garage. It is the intention of the proponents to convert an existing single car garage to a small two car garage. The purpose of this is to eliminate the need to park on the grass and continually jockey cars when a family member ,leaves the house. Presently, the single car garage is setback nine feet from the property line. The proponents to widen the garage 6 feet thus creating ranu18t foot mirgn e with a 3 foot sideyard. The Zoning - Ordinance specifies aa requested. minimum side yard of 5 feet .thus a two foot variance is _. On this block between 58th and 60th Avenue there are 19 other dwellings which have single car garages and face the same problems as the proponents. 17 of these nineteen homes also do not have- enough land available to widen their garages without a variance. This indicates that there is not a hardship due to the unique nature of this lot which is _..:.___not - encountered -b other. lots -in _the: area This block also contains 11 sites with double garages. The average sideyard at these sites is 7.6 feet. No sideyard on the entire block is less than 5 feet. Furthermore, the average size double garage in this area has a width of 21.5 feet. The 18 foot garage proposed is barely adequate for two small cars. Future owners with larger cars would be unable to utilize the garage. Despite the increased encroachment on the side yard, the surrounding property owners have no objection to the proposal. Impact on surrounding properties will be minimal. Summary 1. A unique hardship does not exist. 2. The minimum sideyard existing on the block is 5 feet. f 3. The proposed width of the garage is inadequate for forseeable future uses. 4. Impact on surrounding properties will be minimal. Recommendation The administrative staff recommends that the requested variance be denied. Denial of this variance would not Prevent the proponents from obtaining a right held by others in this area and prevents the possible emergance of a precedent which would permit a substantial number of other dwellings to encroach on the side yard requirements. C August 4, 1985 MR. KELLY J. DORAN 5905 Ewing Avenue South Edina, Minnesota 55410 Edina Planning Commission Edina City Hall Edina, Minnesota 55435 Gentlemen: I desire to apply for a building permit and code variance. This variance would allow the expansion of the garage at the above address. The enclosed drawing shows the layout and dimensions of the above property and the property immediately to the south. My desire is to add six feet to the width of the garage in order to expand the single garage into a small double garage. I've discussed this with my neighbor to the south and she has stated that she has no objections. The legal owner of the property is, Donna W. Doran, my mother. By approving this variance it would enhance the value of the property and allow for off street parking for two vehicles. I respectfully request your approval and if you have any questions or need any additional information, please don't hestitate to contact me. Sin a Y, Kelly J. Doran (w) 343 = -24-24 (h) 927 -6594 Y .:.r.,;� .tea. w�''�.. • ��. ^' .�����, s, I, ti err' f i ���, y ��.• r G pu _ 4�5-f ip _'�.^f"' �i .► '":,,r Y,•$.• Yom' � � ��, f Ji _ JAI i r. T, 1 ev � IL 41 dvM1i 912, 46.. s _;,Jf ,� OKI - ;;OOp bc t, Ir lye- 41 dvM1i 912, 46.. s _;,Jf ,� OKI - ;;OOp bc t, Ir I INSTALLATION PLANNING SHEET RESILIENT SCALE: 1 SQUARE EQUALS 1 FOOT CARPET QUALITY _.- -... .. ... CARPET CUSHION T^ te a.. Quallty Rayiopr NR REGISTER NO. DOOR METAL Pattern_...__ ...._ ... . With Ft P449e PURCHASER'S NAME PATTERN WIDTH FIREPLACE METAL. 641 Vag -- SIR• Ft. ADDRESS _— Tyjippff'IQQI._.__.__. PHONE SO, YOS. LIN• YOSI Flp @ P floor -- -_ -- INSTALLATION DATE CARPET W.T.W. RUGS IRofinished. i - - - -- Ends) �'�" �w� �!► nNC. ��g!* Gpvinq TYPeQf Mal I iI ► ». , kl I — — — — -- - C%4 e �« qJlz- I I I . I • I I I — I i I -'- - - -- - - CL - - - -- -- -- - I i - - -- -- II - I RT Material Description (General Specifications): Braemar Executive Nine Construction and Braemar Blvd. Construction. Quotations /Bids: Company 'Amount of Quote or Bid 1• See attached Tabulation $593,000.01 2. Department Recommendation: D. L.' st ti n $593,000.01 Finance Director's Endorsement: The recommended bid is / is not Parks . n e Department �►-� ,�., ; Public Works & Engi neeri n Signatur Department within the amount budget for the purchase. . n. uaien, hinance Director City ltanaaer's Endorsement : `/ 1. I concur with the recornrendation of the Department and recommend Council approve the purchase. 2. I recommend as an alternative: REQUEST FOR PURC;i ASE TO: Mayor and City Council FROM: Francis Hoffman, City Engineer - Robert Kojetin - Park Director ,IA: Kenneth Rosland, City Manager SUBJECT: REQUEST FOR PURCHASE OF ITEM IN EXCESS OF $5,000 DATE: October 3, 1985 Material Description (General Specifications): Braemar Executive Nine Construction and Braemar Blvd. Construction. Quotations /Bids: Company 'Amount of Quote or Bid 1• See attached Tabulation $593,000.01 2. Department Recommendation: D. L.' st ti n $593,000.01 Finance Director's Endorsement: The recommended bid is / is not Parks . n e Department �►-� ,�., ; Public Works & Engi neeri n Signatur Department within the amount budget for the purchase. . n. uaien, hinance Director City ltanaaer's Endorsement : `/ 1. I concur with the recornrendation of the Department and recommend Council approve the purchase. 2. I recommend as an alternative: 4 BID TABULATION CITY OF EDINA, MINNESOTA CONTRACT #85 -11 (ENG) GRADING, GRAVELING, BITUMINOUS STREET SURFACING WITH CONCRETE CURB AND GUTTER IMPROVEMENT NO. BA -268 S. .P. 120-136---04 GOLF COURSE CONSTRUCTION GRADING AND DREDGING MP EMENT N0. 85 -11A BID OPENING - THURSDAY, OCTOBER 1, 1985 11:00 A.M. BIDDER PROPOSAL I PROPOSAL II $187,758.00 TOTAL D.L.R. Construction $4059242.01 $593,000.01 D.H. Blattner & Sons, Inc. 421,324.15 235,413.50 656,737.65 G.L. Contracting 469,760.29 263,621.38 733,381.67 t Bullock Contracting 501,478.45 234,362.50 735,840.95 Buesing Bros. 504,276.42 245,999.00 750,275.42 Park Construction Co. 530,714.71 278,133.64 808,848.35 Shafer Contracting 572,382.20 272,661.00 845,043.20 Bergstrom Realty 684,210.50 304,226.00 988,436.50 Lametti & Sons, Inc. 701,588.60 328,869.63 1,089,000.00 ENGINEER'S ESTIMATE: $459,927.58 $235,000.00 $694,927.58 REQUEST FOR PURCHASE T0: Mayor and City Council FROM: Bob K ojetin, Director, Edina Park and Recreation Department VIA: Kenneth Rosland, City Manager SUBJECT: REQUEST FOR PURCHASE OF ITEM IN EXCESS OF $10,000 DATE: October 7, 1985 Material Description (General Specifications): Golf Course Club House Quotations /Bids: CONCRETE & MASONRY Company Base Bid Alt. #1 Amount of Bid 1. Mas -Con - $116,256 $19,543 $ 135,799 2. Kelleher 115,041 9,337 124,378 3. Hollenback & Nelson 93 8,050 2 ,083 4. Axel Ohman 114,000 31,000 145,000 RECOMMENDATION:_ Hollenback & Nelson l_-+ 6 --------------------------------------- $ 121,083 7704 we�fwo. -/-h .9�e s� ir►7,o /S SS5��3 - PRECAST CONCRETE 1. Spancrete ($::14:' 00 2. Molin 14,485 3. Bladholm 18,033 RECOMMENDATION: Spancrete ----------------------------------------------- - - - - -$ 14,100 /3 o,(- a -o 6J bss" -o� //'/N S-15-3G 9 ROUGH CARPENTRY 1. E 2 Construction $ 52;400 2. Crawford -Merz Company 59,500 RECOMMENDATION: yn� . E 2 Construction --------------------------------------- - - - - -- $ 52,400 13906 444 n. psse a Ss'36 9 if Course Club House Bids Company - STRUCTURAL STEEL 1. Minnetonka Iron Works Page 2 Amount of Bid $ 18,250 2. Hemenway Iron Works �70 4 12,300 Gf� 3. Stein Brothers 11,7,09 RECOMMENDATION: Stein Brothers ----- - - - 3 - `-- - - - - --- x- - - - - - -- -- -- - ,5 �30 11 709 ' TRUCTURAL STEEL LABOR _ W r' S S $6 8' cL e3 ect 1. Vickerman $ 3,79 2. Midwest Erectors 5,000 - WOOD DECKING AND GLUE LAMINATED CONSTRUCTION t4, 1k 1. Structural Wood Corp. $53,390 2. Building Pros, Inc. (for material only - no bid bond) 29,196 RECOMMENDATION: Structural Wood Corp. - ----- -- -------- -- -------- - - - - -- $ 53,390 Signatur'6 Departmen-f Finance Director's Endorsement: The recommended bids are are not wi 1i n he ount budgeted for the purchase. J �J. N. Dalen, Finance`Director G� Cit Manager's Endorsement: v/ 1. I concur with the recommendation of the Department and recommend Council approve the purchase. 2. I recommend as an alternative: J Kenneth Rosland, City Manag,6r x REQUEST FOR PURC!1l1SE TO: Mayor and City Council ''ROM: Francis J. Hoffman, City Engineer VIA: Kenneth Rosland, City Manager SUBJECT: REQUEST FOR PURCHASE OF ITEM IN EXCESS OF $5,000 DATE: October 3, 1985 Material Description (General Specifications): Traffic Signal Construction - 70th & Cornelia Drive Quotations /Bids: Company "Amount of Quote or Did �• - See attached Tabulation 2. Department Recommendation: Hoffmann Electric $59,700.00 Public Works & Engineerin SignatAre Department Finance Director's Endorsement: The recommended bid is is not within the amount budget for the purchase. J. N. Dalen, Finance Director City tla aner's Endorsement: V 1. I concur with the recommendation of the Department and P recommend Council approve the purchase. 2. I recommend as an alternative: BID TABULATION CITY OF EDINA, MINNESOTA CONTRACT #85 -10 (ENG) ONE FULL ACTIVATED TRAFFIC CONTROL SIGNAL SYSTEM INTERSECTION RADIUS RECONSTRUCTION WEST 70TH STREET AND CORNELIA DRIVE BID OPENING - THURSDAY, SEPTEMBER 26, 1985 11:00 A.M. BIDDER TOTAL Hoffmann:Eiectric $59,700.00. Ridgedale Electric $61,851.00 Electric Service Co. $67,480.00 Eagan McKay $67,524.00 C.S.I. Electric $68,080.00 ENGINEER'S ESTIMATE: 53,975.00 REQUEST FOR PURC;i,,SE TO: Mayor and City Council rROM: Francis Hoffman, Director of Public Works VIA: Kenneth Rosland, City ftanaver SUBJECT: REQUEST FOR PURCHASE OF ITE14 IPA EXCESS OF $5,000 DATE: October 3, 1985 Material Description (General Specifications): Iron Removal Treatment - Plant #2 - Repairing the Filler Bed Plates: Removal of Filter Media Quotations /Bids: Company �• . Tonka Equipment Co. 2. Layne Minnesota Amount of Quote or Bid $5,680.00 $7,125.00 Department Recommendation.- Tonka Equipment Co. $5,680.00 Finance Director's Endorsement: The recommended bid is ✓ is not Public Works,- Utility Signat a Department within the amount budget for the purchase. . ri, uaien, rinance Director City�nager's Endorsement: // 1. I concur ith the r r ecom:^ 11endation of the Department and reconunend Council approve the purchase. 2. I recommend as an alternative: sue. M E M O R A N D U M DATE: October 3, 1985 TO: Kenneth Rosland, City Manager FROM: Craig Larsen, City Planner SUBJECT: Accessory Uses The Planning Commission met on October 2, 1985 and considered changes to controls over accessory uses as outlined in materials previously relayed to the City Council. Possible changes relate to the Zoning Ordinance and the Nuisance Ordinance. Although the Commission did not recommend changes, the Council may also wish to review the Antenna Ordinance. A hearing date could be scheduled for the regular Council meeting of November 4, or possibly a special meeting could be held on an off - Monday. C DMILLER • DUNWIDDIE • ASSOCIATES • INC. September 3, 1985 MD8538 Mr. Kenneth R. Rosland City of Edina 4801 West 50th Street Edina, Minnesota 55424 Re: Relocation Study Edina Historical Society Dear Ken: - Enclosed are three copies of an agreement for architectural/ engineering services for the Relocation Study for the Edina Historical Society. Since our proposal last April, the alternative of the Grimes House has surfaced as another possible location for the Historical Society. We will include this alternative in our study. I have the plans of the house and will be meeting with the Society this evening to explore the potential of the site with them. Please review the agreement and if it is satisfactory return an executed copy to me. If you have any questions, please call me. Sincerely yours, MILLER - DUNWIDDIE- ASSOCIATES, INC. Foster W. Dunwiddie FAIA President FWD: fwd Enc. 3601 WEST 77th STREET • SUITE 850 • MINNEAPOLIS, MINNESOTA 55435 • 612/831 -1211 ARTICLE 1 ARCHITECT'S SERVICES 11fery h.( th ..... ..•r... e. lu hr ....... hr tlu• Ar, hd-t umlrr fhe I'vernc and ( umhtu rn. nt dig. .lyr. -nn•nt Now under e.uh %erv.. -e G%fed the mefhud and mill, ul c.rmpen.aturn to he u-J. d apldn.JJ.•. a. Imn ,led m Article 10 ) 1. Analyze the existing and future space requirements for the Edina Historical Society. 2. Review and analyze alternative locations for the Edina Historical Society including the Edina Community Center, Southview Junior High School, Tupa Historical Park, Utley Park and the Grimes House. 3. Review and analyze alternative locations for the Cahill School and Grange Hall in Utley Park and Wooddale Park. 4. Prepare estimated costs for the various alternative locations as outlined in 2 and 3 above. 5. Prepare a written report setting forth the results of the Study. AIA DOCUMENT 8777 • SPECIAL 51 RVICES A(. KILWNT • IUNE 19711 1DIIION • AIAa • p'. 14:) IIIL AMERICAN INSTIIUIE Of ARCIIIILCIS, 1 715 NLW YORK AVE., N.W., WA%IIINGTON, U.C. ,(XX)(, 8727 -1979 2 ARTICLE 10 BASIS OF COMPENSATION I I)t• O(cnrt .li.ill (Irmpt -ii, rle Ilit• Art Iitwi I Nit Iht a r� n r •lot 1vldcd, in .IC('nrd.ux (• wilh + \rIi(Ic i, I'.I� rncnl. Iu the Archl- It•n I..nul Iltr OIh(.r lc•nn. and C411)(101,111, .0 1111., 1glecn1(•nl, .1. IOIluw.: tX&XXM }¢X)=}(}[}[}[}{ (KNXKXXXXXXXXXXXXXXXX }{1'�i}i Xc�i�4K►�G7�j3c3 {17G XsY!x > YfXtX�X� }G}FXI'�E�(rXiKIXI}�X>Xil fXIX311 {XUC�CIXIXKXX"(XXMXXKXX. ?CXRffi X-X 10.2 ( 0,N11'ENSAIION FOR ME IE AK( 1 II 11 ( I'ti sl hVICI S, .l• dc.( ribed in Arlide 1, Atchilecl's Scrvicc -,, simll he com- puled as follows: J l.•..• ....... t I, a,n ul ( ,mprn,ap. -I 1u ......•ur. I., I 11,1d., ur p.•rt rn fm:, -%. am) Ihr ,rrr1.�, d. uhuh parhrutir t- t•th1d, nJ rlmprn .shun apply. d ntv r...u) 1 Compensation shall be computed on the basis of a multiple of direct personnel expense plus reimbursable expenses as follows: Principals' time at the fixed rate of $77.28 per hour. For the purposes of this Agreement the Principals are: Foster W. Dunwiddie William J. Miller Employees' time (other than Principals) at a multiple of 2� times the employees' direct personnel expense as defined in Article 3. Reimbursable expenses for amounts expended as defined in Article 4. The compensation for the Architect's Services as described in Article 1 and Reimbursable Expenses as defined in Article 4 shall not exceed $2,150.00. ? Fxil( t4i��Gt3xr' �iKAC�3A82�K7�F9?�E�Kx�iSkk�kKY�K�XGk��t�Xr7sckXdalc�iP [1�xi4KI�WG Xdkx K�bxDC�i�F?€ -x7sFt � R�i�E�i�F� aNKAxPaxxs XD= kppkoclokxxxxxxxxxxxx :txxxxbcka=x>}xac>xaaxixxxwnxm dKdioKxbaxAx±xxMkxxlcceiammx mmy€bm;vzwmnlcksaAmJtm sacxacxkmxoe mxtcmkxbcxkv -Im tx x2il 2ixC48rxk�cxGC,�c c�(ixx x, ixbt ,rl>QxQ nh.8 xC?S47 X li*xi KnAxX x(fsar�c x�(r�sxi 4X�t4c+7�xit �t> �x�o€ x�c�i���€ �ws{ xaHx��x�K�ax�cr��anxa�xcr��rfsaxx�c�watcaa�xacxr (�c�xx�c�a�((scxk�+�x�;s�t etncxlsxxx oa2�x xx x�xwwxxaxxQCxxxz�c�axx I l hue,, Ian, and rrywn•mrnh un.l. r 0- I—I -ral both u, Irndlq: A,f. 3+ -11.1 .tile and /oral tnnsurn.•r rrrnlrt I.r.,, and -thrr rr•Kulafiunt at the Owner's and Art h,le, I's prin(qul plan.•, .I h.........., the In. al., .n nl It, 1•rujrrt and rhrwhrrr may atte(f Ihr ,and-} .d Ihis I,nrvruun. 5prCd+C It-gat advice ,huu 14 1. r,htall•d with n•,prr( Iu drh -In-,. mudit a1n.n ur n+h.•r rrqutrrrneW, wtll a, wrvtfen ,h., lu. urr. -r .v.....•.T.l AIA DOCUMENT 8727 • SPECIAL St RVI(ES AGRI EMENI • I(17.q 11)7•) 1 DI 110N • AIAO • C019J9 1111 Anil Ri( AfJ INS111UIE Of ARCIIII L( U, 1:3`. NI %V TURK AVI ., N % %'., IvASIIIN(.1ON, D.C. 2W(Xr 6727 —1979 5 Member introduced the following resolution and moved its adoption: RESOLUTION RELATING TO THE ISSUANCE OF REVENUE BONDS PURSUANT TO CHAPTER 462C, MINNESOTA STATUTES, FOR THE PURPOSE OF FINANCING A MULTIFAMILY HOUSING DEVELOPMENT; GIVING PRELIMINARY APPROVAL TO THE DEVELOPMENT AND CALLING FOR A PUBLIC HEARING THEREON BE IT RESOLVED by the City Council of the City of Edina, Minnesota (the "City ") as follows: Section 1. Recitals. 1.01. By the provisions of Minnesota Statutes, Chapter 462C, as amended (the "Act "), the City is authorized to plan, administer, issue and sell revenue bonds or obligations to make or purchase loans to finance one or more multifamily housing developments within its boundaries which revenue bonds or obligations shall be payable solely from the revenues of the development or other security pledged therefor. 1.02. Representatives of Grandview Development Company, a Minnesota Limited Partnership (the "Developer "), have advised this Council of its desire to acquire land located within the geographical limits of the City at 5212 Vernon Avenue and construct and equip thereon a multifamily rental apartment building containing approximately 152 units, together with parking and related and subordinate facilities (the "Development "). The Development is intended primarily for occupancy by elderly persons. Total development and financing costs are presently estimated by the Developer to be approximately $13,840,000. 1.03. Representatives of the Developer have requested that the City issue its revenue bonds in one or more series (the "Bonds ") pursuant to the authority of the Act in such aggregate principal amount as may be necessary to finance all or a portion of the costs of the Development and make the proceeds of the Bonds available to the Developer, directly or indirectly, for the acquisition, construction and equipping of the Development, subject to agreement by the Developer to pay promptly the principal of and interest on the Bonds. 1.04. The City has been advised by representatives of the Developer that conventional commercial financing is available to pay the capital costs of the Development only on a limited basis and at such high costs of borrowing that the scope of the Development and the economic feasibility of operating the Development would be significantly affected, but with the aid of municipal financing the Development can be constructed as designed and its operation can be made more economically feasible. L ♦ y 1.05. The full faith and credit of the City will not be pledged to or responsible for the payment of the principal of and interest on the Bonds. Section 2. Approvals and Authorization. 2.01. It is hereby found and determined that it would be in the best interest of the City to issue the Bonds under the provisions of the Act in an amount currently estimated to be approximately $13,840,000 to finance all or a portion of the cost of the Development. 2.02. The Development is hereby given preliminary approval by the City and the issuance of the Bonds for such purpose approved. The Bonds shall not be issued until a multifamily housing program prepared pursuant to the requirements of Subdivision 5 of Section 462C.05 of the Act for the Development and the issuance of the Bonds (the "Program ") has been reviewed and approved as provided by the Act, until the other requirements of the Act have been satisfied, until the requirements of Section 103 of the Internal Revenue Code of 1954, as amended (the "Code "), necessary in order to assure the tax - exemption of the interest hereon, have been satisfied, and until the City, the Developer and the purchaser or purchasers of the Bonds have agreed upon the details of the Bonds and the provisions for their payment. The principal of, premium, if any, and interest on each Bond, when, as and if issued, shall be payable solely from the revenues and the other security or property pledged to the payment thereof and shall not constitute an indebtedness of the City within the meaning of any constitutional or statutory limitation. 2.03. The Developer has agreed to all.costs incurred by the City in connection whether or not the Program is prepared or apj Minnesota Housing Finance Agency; whether or is carried to completion; and whether or not issued. pay any and with the Development ?roved by the not the Development the Bonds are 2.04. The City retains the right, in its sole discretion, to withdraw from participation and, accordingly, not issue the Bonds should the City at any time prior to the issuance thereof determine that it is in the best interest of the City not to issue the Bonds. 2.05. This Resolution is intended to, and shall, constitute a "bond resolution" or "some other official action" with respect to the Bonds and the Development under, and within the meaning of, Section 1.103 -8(a) of the Treasury Regulations under the Code. MPM Section 3. Public Hearing. 3.01. Section 462C.04, subdivision 2 of the Act requires that prior to adoption of the Program under the Act, this Council conduct a public hearing on the Program. Section 103(k) of the Internal Revenue Code of 1954, as amended, and regulations promulgated thereunder, requires that prior to this issuance of the Bonds, this Council approve the Bonds and the Development, after conducting a public hearing thereon. A public hearing on the Program and on the proposal to undertake and finance the Development through the issuance of the bonds is hereby called and shall be held on 1985, at o'clock _.M., at the City Hall. 3.02. A draft of the Program is attached hereto as Exhibit A. On or before the date on which the notice of public hearing is published in the official newspaper of the City, the City Clerk shall submit the Program to the Metropolitan Council for review and comment. 3.03. The City Clerk shall cause notice of the public hearing to be published in the Edina Sun Current, the official newspaper of the City, at least once not less than fifteen (15) days prior to the date fixed for the public hearing. The notice to be published shall be in substantially the following form: CDC NOTICE OF PUBLIC HEARING ON A PROPOSED PROGRAM FOR THE FINANCING OF A MULTIFAMILY HOUSING DEVELOPMENT UNDER MINNESOTA STATUTES CHAPTER 462C, AS AMENDED AND THE ISSUANCE OF MULTIFAMILY HOUSING REVENUE BONDS, MINNESOTA STATUTES, CHAPTER 462C, AS AMENDED CITY OF EDINA, MINNESOTA NOTICE IS HEREBY GIVEN that the City Council of the City of Edina, Minnesota (the City), will meet on November 4, 1985, at o'clock .M., at the City Hall, 4801 West 50th Street, iIn Edina, Minnesota, for the purpose of conducting a public hearing in accordance with Minnesota Statutes, Section 462C.04 and Section 103(k) of the Internal Revenue Code of 1954, as amended (the Code) on the proposal that the City undertake a program under Minnesota Statutes, Chapter 462C, as amended, and issue revenue bonds, in one or more series, under Minnesota Statutes, Chapter 462C, as amended, in order to finance the cost of a multifamily housing program. The proposed program will consist of the financing of the acquisition of land in the City and the constructing and equipping thereon of a multifamily housing project consisting of one or more buildings and containing approximately 152 residential units. The project will be owned by Grandview Development Company, a Minnesota limited partnership (the Borrower). The project will be located at 5212 Vernon Avenue in the City. The maximum aggregate principal amount of the proposed bond issue is $13,840,000. The bonds shall be limited obligations of the City, and the bonds and interest thereon shall be payable solely from the revenue pledged to the payment thereof, except that such bonds may be secured by a mortgage and other encumbrance on the project. No holder of any such bonds shall ever have the right to compel any exercise of the taxing power of the City to pay the bonds or the interest thereon, nor to enforce payment against any property of the City except moneys payable by the Borrower to the City and pledged to the payment of the bonds. All persons interested may appear and be heard at the time and place set forth above, or may file written comments with the City Clerk prior to the date of the hearing set forth above. Dated: October 7, 1985. BY ORDER OF THE CITY COUNCIL By /s /Marcella M. Daehn City Clerk == Passed and adopted by the City Council of the City of Edina, Minnesota this 7th day of October, 1985. Attest: Mayor City Clerk The motion for the adoption of the foregoing resolution was duly seconded by Member and upon 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 and was signed by the Mayor whose signature was attested by the City Clerk. -5- EXHIBIT A City of Edina, Minnesota PROGRAM FOR A MULTIFAMILY HOUSING DEVELOPMENT UNDER MINNESOTA STATUTES, CHAPTER 462C 1. Grandview Development Company, a Minnesota Limited Partnership (the "Developer ") intends to acquire land in the City of Edina, Minnesota (the "City ") and construct and equip thereon a multifamily residential rental facility to be occupied primarily by elderly persons and in part by persons and families of low and moderate income. The site is located at 5212 Vernon Avenue in the City. The development will contain approximately 152 housing units, at least 20% of which will be rented to persons of "low and moderate income," under §103(b)(4)(A) of the Internal Revenue Code of 1954, as amended (the "Code "), and the Regulations thereunder. 2. Representatives of the Developer have requested that the City issue its housing revenue bonds under the Act in a maximum aggregate principal amount of approximately $13,840,000 to finance the acquisition of the site and the construction and equipping of the development and facilities functionally subordinate and related to the development. 3. The City's Housing Plan serves as a basis for the City's goal of providing a variety of housing stock through- out the City, for persons residing in the City, including persons of low and moderate income. The development to be financed by the Program will assist the City in certain problems addressed in the Housing Plan, including (a) increasing available housing stock, (b) providing decent, sanitary and affordable housing for residents of the City, including persons of low and moderate income and their families. 4. The development will be a "multifamily housing development" within the meaning of Subd. 5 of §462C.02 of the Act, undertaken pursuant to Subd. 4 of §462C.05 of the Act. The income limitations set forth in Subd. 2 of §462C.05 of the Act will not apply to this development since it will be located within a redevelopment project area under Minnesota Statutes, Chapter 462. In addition, as discussed in paragraph 1 of this Program, at least 20% of the units will be rented or available for rental to persons of low and moderate income; that is, with incomes not greater than 80% of the median family income as estimated by the United States Department of Housing and Urban Development for the statistical area in which the City is located, currently $26,240. 5. To finance the development, the City intends to issue is housing revenue bonds pursuant to the Act, in a maximum aggregate principal amount of approximately $13,840,000 (the Bonds). The City will lend the proceeds of the Bonds to the Developer pursuant to a revenue agreement in which the Developer agrees to make loan repayments sufficient to repay the Bonds. The Bonds will be a special, limited obligation of the City, payable solely from revenues derived from payments to be made by the Developer under the revenue agreement and pledged to the payment of the Bonds. The Bonds may be secured by a mortgage and security interest in the development, or by some form of credit enhancement (which may include one or more letters of credit, insurance on the mortgage loan or the Bonds), or by a combination of such security devices. -2- CURRENT ASSETS: Cash: Demand Deposits Working Fund Due from Other Funds. Contracts Receivable Inventory: Liquor Wine Beer and Mix Prepaid Expenses: Unexpired Insurance Supplies LIQUOR FUND BALANCE SHEET CITY OF EDINA As at July 31, 1985 ASSETS TOTAL CURRENT ASSETS FIXED ASSETS: Land Land Improvements $ 23,244.57 Buildings 729,769.27 Furniture and Fixtures 306,735.14 Leasehold Improvements 3,035.55 $1,062,784.53 Less: Allowance for Depreciation and Amortization 4991,683.34 TOTAL ASSETS CURRENT LIABILITIES: Trade Accounts Payable Accrued Payroll Due To Other Funds SURPLUS - Unappropriated LIABILITIES AND SURPLUS TOTAL CURRENT LIABILITIES $ 22,241.75 3,800.00 $ 26,041.75 12,331.50 34,813.36 $ 422,768.69 335,242.74 76,491.73 834,503.16 $ (5,464.00) 400.00 (5,064.00) $ 902,625.77 $ 233,784.60 TOTAL LIABILITIES AND SURPLUS 563,101.19 796,885.79 $1,699,511.56 $ 197,564.09 7,227.60 $ 204,791.69 468.00 $ 205,259.69 1,494,251.87 $1,699,511.56 LIQUOR DISPENSARY FUND COMPARATIVE STATEMENT OF INCOME AND EXPENSE CITY OF EDINA Seven Months Ending July 31, 1985 and July 31, 1984 INCREASE r 1Q8S - 1984 D CREA E* - 50th Street Yorkdale Grandview Total 50th Street Yorkdale Grandview Total SALES: Liquor $ 267,233.85 $ 526,212.98 $ 510,941.19 $1,304,378.02 $ 290,128.87 $ 597,536.83 $ 544,102.06 $1,431,767.76 $127,389.74* Wine 185,679.40 325,515.48 296,012.52 807,107.40 181,743.75 340,731.20 289,536.74 812,011.69 4,804.29* Beer 149,620.13 266,926.13 253,852.19 670,398.45 141,682.03 277;726:81 250,731.46 - 670,140.30 258.15 Mix and Miscellaneous 10,484.60 21,663.51 22,667.64 54,815.75 9,298.91 21,650.22 19,607.57 50,556.70 4,259.05 $ 613,007.98 $1,140,318.10 $1,083,473.54 $2; 836, 799.62 $ 622, 853.56 $1,237,645.06' $1,103,977.83- $2;964,476.45 $127,676.83* Less bottle refunds 13,856.15 31,592.82 21,883.97 77,332.94 15,086.59 38,156.69 34- ,- 744.24 88,017.52 10,684.58* NET SALES $ 599,151.83 $1,108,725.28 $1,051,589.57 $2,759,466.68 $ 607,766.97 $1,199,488.37 $1,069,203.59 $2,876,458.93 $116,992.25* COST OF SALES: Inventory - January 1 188,588.68 231,406.39 203,254.82 623,249.89 175, 604:42 289;642:25- - 237;950.02 703,196.69 79,946.80* Purchases 520,200.73 971,605.05 910, 655.83 2,4025471.61 548,221.78 955,155.01 848,999.77 2,352,376.56 50,095.05 $ 708,789.41 $1,203,011.44 $1,113,920.65 $3, 025 ,721.50 $ 723,826.20 '_$1, 244,797.26 = _$1,086,949.79 $3,055,573.25 $ 29,851.75* Inventory July 31 238,978.01 320,003.83 275,521.32 834,503.16 2429,239.70.. ... 275,462.88. ...225,422..79. - 7439125.37.. 91,377.79 $ 469,811_40 $ 883,007.61 $ 838;399.33 $291919218.34 $ 4819586.50 $ 969;334.38 $ 861,527.00 $2012,447:88 $1219229.54* GROSS PROFIT? 1299340.43 $ 225,717.67 $ 213,190.24 $ 568,248.34 $ 126,180.47 $ 230,153.99 $ 207,676.59 $ 564,011.05 $ 4,237.29 OPERATING EXPENSES: Selling 349618.18 72,283.58 55,791.09 1639692.85 399895.07 72,432.80 57,977.40 170,305.27 6,612.42* Overhead 20,544.82 24,148.16 24,052.91 68,745.89 24,997.07 24,535.42 24,-863.26 85 ;395:75 16,649.86* Administrative 47,321.22 62,969.18 499740.59 159,130.99 46,220.40 595087.04 4'9;455.40 154;762.84 4,368.15 TOTAL OPER ATINQ 102,484.22 $ 159,500.92 $ 129,584.59 $ 3911569.73 $ 111,112.54 $ 167,055.26 $ 1329296.06 $ 410,463.86 $ 181894.13* EXPENSES. NET OPERATING $ PROFIT 26,826,21 $ 66,216.75 $ 83,605.65 $ 176,678.61 $ 159067.95 $ 63,098.73 $ 75,380.53 $ 153,547.19 $ 23,131.42 OTHER INCOME: Cash Discount 6,254.42 12,131.60 10,763.98 29,150.00 7.762.44 13,054.95 11,527.86 32,345.25 3,195.25* Cash over or under 11.51 333.67* 63.00 259.16* 7.89* 144.44* 77.57 74.76* 184.40* Income on investments -0- -0- -0 -. .. _ ..... _. -0-- -0- Other 518.94 231.15 251.18 1,001.27 834.80 1, 191.03 - .- _ -- 619.74. 2,645.57 1,644.30* $ 6,784.87 $ 12,029.08 $ 11,078.16 $ 29,892.11 $ 81589.35 $ 149101.54 $ 12,225.17 $ 34,916.06 $ 5,023.95* N ETINCOM E $ 33,641.08 $ 78,245.83 $ 94,683.81. $: 206,570.72 $ .23,657.28 $ 77,200.27 $ V,605-.70 $:` 188,463.25: $ 18,107.47 PERCENT TO NET SA Gross profit 21.58% 20.36% 20.27% 20.59% 20:76% 19:19% ° Operating expenses 17.10 14.39 12.32 14.19 18.28 13.93 12.37 14.27 Operating profit 4.48% 5.97% 7.95% 6.40% _... 2.48% ... ........ 5:26 % ....................7.05 % ......._.....- 5- .- 34 %.... Other income 1.13 1.08 1.05 1.08 1.41 1.18 1.14 `1.21 NET INCOME 5.61% 7.05% 9.00% 7.48% 3.89% 6 44% 8.19% 6.55% CURRENT ASSETS: Cash: Demand Deposits Working Fund Due from Other Funds Contracts Receivable Inventory: Liquor Wine Beer and Mix Prepaid Expenses: Unexpired Insurance Supplies FIXED ASSETS: Land Land Improvements Buildings Furniture and Fixtures Leasehold Improvements LIQUOR FUND BALANCE SHEET CITY OF EDINA As At August 31, 1985 ASSETS TOTAL CURRENT ASSETS $ 23,244.57 729,769.27 306,735.14 3,035.55 $1,062,784.53 • $ 112,728.13 3,800.00 $ 381,596.38 325,.983.29 70,389.01 $ 116,528.13 12,331.50 34,813.36 777,968.68 $ (6,830.00) 400.00 (6,430.00) $ 935,211.67 $ 233,784.60 Less: Allowance for Depreciation and Amortization 503,193.84 559,590.69 793,375.29 TOTAL ASSETS $1,728,586.96 CURRENT LIABILITIES: Trade Accounts Payable Accrued Payroll Due To Other Funds SURPLUS - Unappropriated LIABILITIES AND SURPLUS TOTAL CURRENT LIABILITIES TOTAL LIABILITIES AND SURPLUS $ 186,120.09 7,673.96 $ 193,794.05 468.00 $ 194,262.05 1,534,324.91 $1,728,586.96 LIQUOR DISPENSARY FUND COMPARATIVE STATEMENT OF INCOME AND EXPENSE CITY OF EDINA Eight Months Ending August 31, 1985 and August 31, 1984 INCREASE 1985 1984 DECREASE* 50th Street Yorkdale Grandview Total 50th Street Yorkdale Grandview Total SALES: f ) $1,335,202.97 ) f $1,225,447.76 ) f $3,347,448.14 $ 811,980.91 $1, 404,071.06 $1,251,189:75 $3,467,241.72 $119,793.58* Inventory Aug -31 236,090.31 Uquor $ 311,744.03 $ 618,055.01 $ 595,445.51 $1,525,244.55 $ 336,463.12 $ 693,467.58 $ 634,282.91 $1,664,213.61 $138,969.06* Wine 216,752.01 381,406.29 346,905.70 945,064.00 207,939.34 388,745.39 333,017.24 929,701.97 15,362.03 Beer 176,815.80 313,606.31 297,819.83 788,241.94 168,063.62 328,304.59 296,637.22 793,005.43 4,763.49* Mix and Miscellaneous 12,631.28 25,586.36 26,503.41 64,721.05 11,012.70 25,546.91 23,359.84 59,919.45 4,801.60 $ 717,943.12 $1,338,653.97 $1,266,674,45 $3,323,271.54 $ 723,478.78 $1,436,064.47 $1,287,297.21 $3,466,840.46 $123,568.92* Less bottle refunds 16,084.93 37,176.07 37,118.37 90,379.37 17,406.09 43,645.83 40,559.87 101,611.79 11,232.42* NET SALES $ 701,858.19 $1,301,477.90 $1,229,556.08 $3,232,892.17 $ 706,072.69 $1,392,418.64 $1,246,737.34 $3,345,228.67 $112,336.50* COST OF SALES: Inventory -January 1 188,588. 68 231,406.39 203,254.82 623,249.89 175,604.42 289,642.25 237 ,950.02- 703,196.69 79,946.80* Purchases 598 208.73 1 103 796.58 1 022 192.94 2 724 198.25 636 376.49 1, 114, 428.81 1,013,239.73 2,764,045.03 39,846.78* $ 786,797.41 f ) $1,335,202.97 ) f $1,225,447.76 ) f $3,347,448.14 $ 811,980.91 $1, 404,071.06 $1,251,189:75 $3,467,241.72 $119,793.58* Inventory Aug -31 236,090.31 297,405.50 244,472.87 777,968.68 228,766.77 278, 703.74 250,164.76 757;635.27 20,333.41 $ 550,707.10 $1,037,797.47 $ 980,974.89 $2,569,479.46 $ 583,214.14 $1, 125, 367.32 $1,001,024.99 $2,709,606.45 $140,126.99 *, GROSS PRO FIf 151,151.09 $ 263,680.43 $ 248,581.19 $ 663,412.71 $ 122,858.55 $ 267,051.32 $ 245,712.35 $ 635,622.22 $ 27,790.49 OPERATING EXPENSES: Selling 39,392.53 83,207.63 63,703.38 186,303.54 44,765.01 80,997.42 64,655.60 190,418.03 4.114.49* Overhead 24,028.02 30,577.26 27,737.88 82,343.16 27,872.93 38,608.12 29,218.24 95,699.29 13,356.13* Administrative 54,305.85 701)935.49 56,930.41 192,171.75 52,797.25 67,142.66 56,448.79 176,388.70 5,783.05 TOTAL OPE RATIN 9a EXPENSES 117,726.40 $ 184,720.38 $ 148,371.67 $ 450,818.45 $ 625,435.19 $ 186,748.20 $ 150,322.63 $" 462,506.02 $ 11,687.57* NET OPERATING $ 33,424.69 $ 78,960.05 $ 100,209.52 $ 212,594.26 $ 2,576.64* $ 80,303.12 $ 95,389.72 $ 173,116.20 $ 39,478.06 PROFIT OTHER INCOME: Cash Discount 7,225.57 13,793.53 12,189.99 33,209.09 8,960.77 15,030.84 13,463.42 37,455.03 4,245.94* Cash over or under 16.24 338.94* .03 322.56* 4.10 188.06* 77.46 106.50* 216.04* Income on investments -0- -0- -0- _ ... .... _ ....... .. -0- _ -0- Other 565.83 299.42 297.72 1,162.97 877.92 1,222.00 684.57 2,784.49 1,621.52* $ 7,807.75 $ 13,754.01 $ 12,487.74 $ 34,049.50 $ 9,842.79 $ 16,064.78 $ 141225145 $ 40,133.02 $ 6,083.52* NET INCOME $ 41,232.44 $ 92,714.06 $ 112,697.26 $ 246,643.76 $ 71266.15..$.: 96,367.90. $ 109,615.11 $ 21331249.22 $ 33,394.54 PERCENT TO NET SALES: Gross profit 21.54% 20.26% 20.22% 20.52% 17.40% 19.18 % - 19:71% 19.00% Operating expenses 16.78 14.19 12.07 13.94 17.77 13.41 12.06 13.83 Operating profit 4.76% 6.07% 8.15% 6.58% .37 %* - 5.77% 7.65% 5.-17% ... Other income 1.11 1.05 1.02 1.05 1.39 1.15 1.14 1.20 NET INCOME 5.87% 7.12% 9.17% 7.63% 1.02% F 112% 8.79% 6.37% RESOLUTION CANCELLING AD VALOREM TAXES COLLECTIBLE WITH 1986 GENERAL PROPERTY TAXES LEVIED FOR $5,400,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1984 WHEREAS, the City Council of the City of Edina has, by resolution adopted September 10, 1984, levied a special ad valorem tax for the payment of principal and interest of its General Obligation Improvement Bonds, Series 1984; said ad valorem tax in the amount of $1,217,000 being collectible with and as a part of other general taxes for the year 1986; and WHEREAS, Minnesota Statutes, Section 475.61, permits the cancellation of said levies providing moneys are on hand for payment of principal and interest for said bond issue; and it has been determined by this Council that the required moneys are on hand for the payment of said principal and interest. NOW, THEREFORE, BE IT RESOLVED by the City Council of the Citv of Edina that those ad valorem tax.levies made by resolution of this Council adopted September 10, 1984, and collectible with and as a part of other general property taxes in said City for the year 1986, be and hereby are cancelled; and BE IT FURTHER RESOLVED that the County Auditor of Hennepin County, Minnesota, be authorized and directed to cancel the above described ad valorem tax levies and to delete said levies from taxes to be spread for the year 1986. ADOPTED this 7th day of October, 1985. STATE OF MINNESOTA ) COUNTY OF HENNEPIN ) SS CITY OF EDINA ) CERTIFICATE OF CITY CLERK I, the undersigned duly appointed and acting City Clerk for the City of Edina, do hereby certify that the attached and foregoing Resolution was duly adopted by the Edina City Council at its Regular Meeting of October 7, 1985 and as recorded in the Minutes of said Regular Meeting. WITNESS my hand and seal of said City this 8th day of October, 1985. City Clerk RESOLUTION CANCELLING AD VALOREM TAXES COLLECTIBLE WITH 1986 GENERAL PROPERTY TAXES LEVIED FOR $2,200,000 GENERAL OBLIGATION REDEVELOPMENT BOND WHEREAS, the City Council of the City of Edina has, by resolution adopted November 3, 1975, levied a special ad valorem tax for the payment of principal and interest of its $2,200,000 General Obligation Redevelopment Bond; said ad valorem tax in the amount of $210,500 being collectible with and as a part of other general taxes for the year 1986; and WHEREAS, Minnesota Statutes, Section 475.61, permits the cancellation of said levies providing moneys are on hand for payment of principal and interest for said bond issue; and it has been determined by this Council that the required moneys are on hand for the payment of said principal and interest. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Edina that those ad valorem tax levies made by resolution of this Council adopted November 3, 1975, and collectible with and as a part of other general property taxes in said City for the year 1986, be and hereby are cancelled; and BE IT FURTHER RESOLVED that the County Auditor of Hennepin County, Minnesota, be authorized and directed to cancel the above described ad valorem tax levies and to delete said levies from taxes to be spread for the yeai 1986. ADOPTED this 7th day of October, 1985. STATE OF MINNESOTA ) COUNTY OF HENNEPIN ) SS CITY OF EDINA ) CERTIFICATE OF CITY CLERK I, the undersigned duly appointed and acting City Clerk for the City of Edina, do hereby certify that the attached and foregoing Resolution was duly adopted by the Edina City Council at its Regular Meeting of October 7, 1985 and as recorded in the Minutes of said Regular Meeting. WITNESS my hand and seal of said City this 8th day of October, 1985. City Clerk a 19E5• ( OF EDINA CHECK STER IC-37-85 PAGE 1 s CHECK y0. DATE AMOUNT V =NDOR ITEM DESCRIPTION ACCOUNT NO. INV. # P.O. # MESSAGE 28)DUS ^9/24/85 3.19 ALBINSON PRINTING 10 -4600- 627 -62 3.13 283304 10/02/85 111.23 AMERICAN LINEN LAUNDRY 10- 4262- 440 -44 28)004 IC /02/85 7.76 AMERICAN LINEN LAUNDRY 10 -4262- 482 -48 283004 1)/02/85 189.14 AMFRICA.N LINEN LAUNDRY ._ -10- 4262- 520 -52 260704 13/C2/85 11050 AMERICAN LINEN LAUNDRY 10- 4262- 628 -62 260004 1)/02/85 65.42 AMERICAN LINEN LAUNDRY 50- 4262- 821 -82 28UUL4 1,/02/85 49.04 AMERICAN -INEN LAUNDRY 50- 4262 - 841 -34 260004 1)/02/85 82.69 AMERI.47N LINEN LAUNDRY 50 -4262- 861 -86 263004 1 ?/02/85 65942 AMERTCA'N :INEN LAUNDRY 50- 4626 - •821 -82 280004 13/02/85 65.42- AMERICAN LINEN CORRECTION -'50- 4626- 821 -82 11 I 517.68 • rfrrra • +r- CKS 2b0^ ^7 09/24/85 45.)0 APEX P-rST CONTROL CONT SERV 10- 4200 - 646 -64 45.70 - i � 280008 x'9/24/85 224.95 KAMAN 3EARING 8 SFLY REPAIR PARTS 10- 4540 - 560 -56 263208 79/24/85 36.10 KAMAN BEARING 8 SPLY PARTS 10- 4620 - 560 -56 28u ^ ^8 09/24185 73923 KAMAN 3EARING B SPLY REPAIR PARTS 40- 4540- 801 -80 334.18 • 9 28UC99 11/02/85 85.20 ASTLEFORO EQUIP CO PARTS 10- 4620 - 560 -56 85.20.• frrrr• rrr.CK3 280012 09/30185 24.95 AUTOMOBILE SERVICE C CONT REPAIRS 10- 4248 - 560 -56 28DO12 09130/85 24.95 AUTOMOBILE SERVICE C CONT REPAIRS 10- 4248 - 560 -56 • 49.90 + d 281013 1)/01./85 94.62 ALTEINXTOt REBUILD GEN SUPPLIES 10 -4504- 440 -44 280013 09/24/85 45.00 ALTERNAJOR REBUILD REPAIR PARTS 10- 4540 - 560 -56 280013 09/24/85 29.76 ALTERNATOR REBUILD REPAIR PARTS - 40- 4504- 801 -80 169.38 • •f•rar •• +• CKS 280026 1i/02/85 4,551.63 BADGER, METER INC WATER METERS 40- 1220 - 000 -00 280026 09/24/85 134.02- BADGER. METER INC - CREDIT - - 40 -4504- 807 -80 289C26 09/24/85 677.99 BADGER METER INC REPAIR PARTS 40- 4540 - 807 -80 280026 13/02/85 638.10 BADGER METER INC REPAIR PARTS 40- 4540- 307 -80 ' 2631-20 11/02/85 178.29 BADGER METER INC REPAIR PARATS 40- 4540 - 807 -80 2w3026 )9/24/85 155.52 BADGER METER INC REPAIR PARTS 40- 4540 - 807 -80 2b3C26 1)/02/85 336.51 BADGER METER INC REPAIR PARATS 40- 4540 - 807 -80 - - 69403.99 - *- __._.... - 283(.128 09124/85 260029 1)/01/85 477.75 _. 477.75 123.38 BEER WHOL= SALERS BERG 6 FARNHAM CO fT CONCESSIONS 27- 4624••664 -66 REPAIR PARTS 10- 4540 - 646 -64 • ••..CKS 19$15 CITY OF EDINA CHECK N0. DATE 2e)029 AMOUNT •. *frr 263033 1J/C2/85 280033 09/24/ 8 7bGC33 09/24/85 2r,,) 33 1 ) /-,2/85 26003? 11/02/85 28 ^C33 09/24/85 287037 1)IC2/85 of *r*f 24)041 1J/02185 237 ^41 11/02/85 280041 C9/241E5 26OU41 1)/02/85 280041 13 /02 /85 260 ^41 13/02/85 f f f f f f 280046 :.9/24/85 260747 1 J /C1 185 280048 09/24/85 200 ^49 1- /G2/85 211.'5 BERG=OAD TTUCKIYG 260754 13 /f?2 /85 2t3C54 1; /01./85 280054 09/24/85 260054 1) /02/85 280 ^54 (19 /24 / 85 if f * ► * * 50 -4626- 862 -86 921.60 * 280 1?60 09/24/85 26J060 10/ ^1/85 i CHECK REGISTER 1C -07 -85 PAGE 2 AMOUNT V---4D01 ITEM DESCRIPTION ACCOUNT NO. INV. # P.O. # M'_'SSAGZ 97. 5 BERG B FARNHAM CO REPAIR PARTS 10-4540- 646 -64 220.43 • f f *- CKS 155.25 BERG=ORD TRUCKING INVENTORY 50 -4626- 822 -32 44.55 BERG-ORD TRUCKING INVENTORY 50 -4626- 322 -82 162.45 BERG=ORD TRUCKING INVENTORY 50- 4626- 842 -84 211.'5 BERG=OAD TTUCKIYG INVENTORY 50- 4626- 842 -84 197.55 BERG =DRO TRUCKING INVENTORY 50- 4626- 862 -86 150.75 BERG=ORD TRUCKING INVENTORY 50 -4626- 862 -86 921.60 * *•* CKS 31.20 BRAU4 ENG TESTING IN GFN SUPPLIES 17 -4504- 260 -26 31.20 * * ** -CKS 21.70 BURY & CA4LSON INC CONST IN PROGRSS 10- 1432 - 000 -00 108.57 BJRY 8 CA?LSON INC CONST IN PROGRSS 10- 1446 - 300 -00 314.65 BURY B CAILSON I4C BLACKTOP 10- 4524 - 301 -30 460.53 BURY & CAILS04 INC BLACKTOP 17 -4524- 301 -30 3,255.40 BURY & CAILSON INC CONST IN PROGRSS 27- 1300 - 000 -00 97.65 BURY B CARLSON INC CONST IN PROGRESS 28- 1300 - 000 -00 4,25P..40 * * *, CK3 45.70 BLUMB-4G 343TO EQUIP MAINT 27- 4274 - 661 -66 45.00 * 3.25 BROWN 340TO PHOTO SUPPLIES 10- 4508- 440 -44 i 3.25 * 152.15 BRISSM44 KENNEDY INC CLEAN SUPP 10- 4512 - 520 -52 152.15 * 978.75 BURESH ROBERT CONFERENCE 10 -4202- 440 -44 978.75 * ** *-CKS �1 129.54- GATTE2Ya WAREHOUSE CREDIT 10 -4540- 560 -56 96.40 GATT =2Y' WAREHOUSE REPAIR PARTS 10- 4540 - 560 -56 48.40 BATT=4Y' WAREHOUSE REPAIR PARTS 1G -4540- 560 -56 259.8 BATTERY WAREHOUSE REPAIR PARTS 10- 4540 - 560 -56 13.95 BATTERYI WAREHOUSE REPAIR PARTS 10- 4540• - 560 -56 J 288.29 * ** -CKS J - 353.94 _ -4624- 26 684 -68 56.75 AMBASSAOOI SAUSAGE SSIONS CONCESSIONS 27 -4 624- 664 -66 J • .J 1985 "C OF EOINN CH_CK K ISTrR 1C -37 -85 PAGE 3 CHECK NC. DATE AMOUNT VENDOR ITEM DESCRIPTION ACCOUNT tl0. INV. a P.O. a MESSAGE 280060 09/24/85 84.:0 AMBASSADOR SAUSAGE CONCESSIONS 27 -4624- 664 -66 280^6 1)/02/85 141.00 AMAASSWIOR SAUSAGE CONCESSIONS 27- 4624••664 -66 635.69 . I, ■a►.r • * * *• -CKS - 287070 C9/30/85 91.38 CARLSON TH_RMO REPAIR PARTS 40 -4540- 803 -80 91.38 . ■rasa * **-CKS 280074 C9/24/ ?5 19.640.10 CITY @F BLOOMINGTON CONT SERV 10- 4200- 480 -48 257074 13/0,2/85 1.312.50 CITY OF OL30MINGTON CONT SERV 10- 4200 - 500 -50 2t0074 1!/02/85 16,520.17 CITY OF BLOOMINGTON CONSTRUCTION 60- 1300 - 173 -03 379472.67 . .aa.a. * ** ^CKS 2830.78 C.9/24/85 825.73 COCA C)LA BOTTLING CONCESSICNS 26 -4624- 684 -68 250078 ]9/24/85 377.90 COCA CDLA BOTTLING CONCESSIONS 27 -4624- 664 -66 19202.97 * 280079 '1 9/30/85 120.30 CATCO PARTS 10- 4620 - 560 -56 120.30 . _ - - Z620Q1 11/02/85 17973 CONT SAFETY =QUIP GEN SUPP 10- 4504 - 331 -30 17.73 • .. 280082 11/01/85 16.23 CONWAY FIRE & SAFETY EQUIP MAINT 10 -4274- 440 -44 2870 ?2 10/01/ ?5 42.45 CONWAY FIRE 8 SAFETY EQUIP MAINT 10 -4274- 440 -44 Zc'JU?2 1:/01/85 320.8-1 CONWAY FIR_ & SAFETY PARTS 10- 4620- 560 -56 379.56 * *** -CKS 28UC87 119/24/85 719902 CURTIN MATH SCI GEN SUPPLIES 10- 4504 - 482 -48 719.02 * a■►aaa **h-CKS q� 287090 U9/3 1/85 57.'`0 CERT POWER TRAIN REPAIR PARTS 10- 4540 - 560 -56 2dU09v 1U/C1/85 179.34 CERT POWER TRAIN CONT REPAIRS 28- 4248 - 707 -70 ZIUU90 11tf'1./85 42.46 CERT POWER TRAIN CONT REPAIRS 28- 4248 - 707 -70 271.80 • 280091 11/01/85 16.50 CITY OF EDINA WATER- - - - - 23- 4258 - 611 -61 281091 1J /rl. /8° 366996 CITY OF EDINA WATER 27- 4258 - 661 -66 230091 10/ ^1/85 39.70 CITY OF EDINA WATER 28- 4258- 708 -70 l 253U.91 1:;/01/85 22.50 CITY OF EDINA WATER 50- 4258 - 841 -84 444.96 • I I •....a *.►.,CKS 4 -� 283097 10/02185 80^0 COURTNEY C WAYNE MEETING EXPENSES 10 -4206- 100 -10 -I 1985 CITY OF EDINA CHECK REGISTER CHECK NO. DATE AMOUNT VENDOR ITEM DESCRIPTION (t 780097 1J/G2/85 35993 COURTNE=Y WAYNE MILEAGE 1 =I 43.93 780099 09/24/85 10.80 CUSHMANI MOTOR CO REPAIR PARTS - �I 10.80 + ,i 1C -07 -85 PAGE 4 ACCOUNT N0. INV. p P.O. A MESSAGE 10- 4208- 100 -10 + ++-CKS 0-;4S40-560-56____'_ 3I- 281111 09/30/85 440. ^0 DAVIS WATEi EQUIP CO REPAIR PARTS 40- 4540 - 804-80 _ 440.30 • - - - — -- - - -- ^I •• *•,CKS , * + +- CKS +++ -CKS i•f!!r•r + ++ -CKS 287:136 10/01./85 139.92 EARL F ANDERSEN PAINT 10- 4544 - 335 -30 +1' _260136 1x/01./85 139.92 EARL F ANDERSEN PAINT _ 10- 4544 - 335 -30 287136 l: 9/30/85 154.90 EARL F ANDERSEN TOOLS �- 40- 4580 - 801 -80 a' 434.64 + .•, •r• +rf + * +• -CKS � oo� e,l 280143 _ 09/24/85 101.69 EMRICH BAKING CO CONCESSIONS 27 -4624- 664 -66 280143 13/02/85 134.71 EMRICH BAKING CO CONCESSIONS �- -� 27 -4624- 664 -66 267143 13/01/85 109.86 EMRICH BAKING CO CONCESSIONS 27 -4624- 664 -66 346.26 + • +•-CKS -J I , ZbJ1 2n 10 102 185 5.811.54 DORSET B WHITNEY CABLE TV 10- 2148 - 000 -00 �� 203120 11/02/85 968.39 OORS:Y B WHITNEY CA3LE TV 113 -2148- 000 -00 ^�263.12C - 1,'/02/85 - - 89453.79 -'- - pORSEY & WHITNEY - �- PRO SERVICES 10- 4218 - 220 -22 - ' =I eOJ120 13/02/85 139309.77 DORSET i YHITNET PRO SERV 10- 4218 - 220 -22 Z, I 1 28 9243.49 124 _- 283.125 13/02/85 _ - —_° 354.70. - MERIT SUPPLY ---- -- - - --- GEN SUPPLIES_ - - - 10- 4504 - 300 -30 ,! 283125 09/24/85 138930 MERIT SUPPLY GEN SUPP 10- 4504 - 301 -30 280125 09/24/85 122875 MERIT SUPPLY GEN SUPP 10- 4504 - 325 -30 280125 09/24/85 65.70 PERIT SUPPLY - - - GEN SUPP 10- 4504- 390 -30 �I2 1 260125 11/ ^1/85 138.30 MERIT SUPPLY GEN SUPPLY 10- 4504- 507 -50 > 2b3125 13/01/85 104.15 MERIT SUPPLY CLEAN SUPPPLY 10- 4512- 540 -54 Jj 280125 09/24/85 95.05 MERIT SUPPLY CLEAN SUPP -- - 1D -4512- 540 -54 - 280125 13/01,/85 437.25 MERIT SUPPLY PARTS 10- 4620 - 560 -56 280125 09/24/85 78000 MERIT SUPPLY PARTS 10- 4620 - 560 -56 282125 09/24/85 414.30 MERIT SUPPLY GEN SUPP 40 -45C4- 801 -80 280125 09/24/85 414.00 MERIT SUPPLY GEN SUPP 40 -4504- 801 -80 29361.60 + I;;- .- _ - ;� I�?j 260126 1J/C2/85 304.00 DAVIS EU3ENE WEED CONTROL 60 -4100- 985 -90 287,126 13/02/85 31.28 DAVIS EU3ENE _ MILEAGE - _. - -_ _ 60 -4208- 985 -90 t y 335.28 ! ._ . •• *•,CKS , * + +- CKS +++ -CKS i•f!!r•r + ++ -CKS 287:136 10/01./85 139.92 EARL F ANDERSEN PAINT 10- 4544 - 335 -30 +1' _260136 1x/01./85 139.92 EARL F ANDERSEN PAINT _ 10- 4544 - 335 -30 287136 l: 9/30/85 154.90 EARL F ANDERSEN TOOLS �- 40- 4580 - 801 -80 a' 434.64 + .•, •r• +rf + * +• -CKS � oo� e,l 280143 _ 09/24/85 101.69 EMRICH BAKING CO CONCESSIONS 27 -4624- 664 -66 280143 13/02/85 134.71 EMRICH BAKING CO CONCESSIONS �- -� 27 -4624- 664 -66 267143 13/01/85 109.86 EMRICH BAKING CO CONCESSIONS 27 -4624- 664 -66 346.26 + • +•-CKS 37.10 FREEWA►i DODGE INC 37.10 * 81170 FRITZ CO 81.70 * 10.23 198 5 C OF ED INA y,. 1C -)7 -85 PAGE 5 AMOUNT VEVOOi CHECK NO. DATE I P.O. 0 MESSAGE 2b)1 49 10 /01 /as •I rrafra 287154 10/C2/85 ill, 32 280154 09/24/85 19.00 2o)1 54 10 /C 118_5 i *tiff • 10- 4226- 301 -30 r� 119.70 JOE ELIAS HEALTH COVERAGE 2 ,30159 13/02/85 478.50 a* k a a a WAGES DO i 280154 1' /Ot /85 y frrara 27 -4100- 663 -66 r , i 280175 10/02/85 i I *4f if f COMMUNICATNS RADIO 28)183 09/24/85 j 280183 11/02/85 DO 280'183 1.1/02/85 80700 28'183 1)/ ^1/95 i r • *rasa 27- 2237 - 000 -00 y 280185 1) /02/85 281185 10 /02/85 �I w 281194 1= /02/85 J 28) 1 94 11 /r1 /85 28)194 09/24/85 280194 10/01/85 28)194 09/24/85 283194 11/52/85 281194 13/02/85 i d, frfrrr .I' 263199 09/24/85 m 37.10 FREEWA►i DODGE INC 37.10 * 81170 FRITZ CO 81.70 * 10.23 CHECK 1, iT- R IN: 8.80 1C -)7 -85 PAGE 5 AMOUNT VEVOOi ITEM DESCRIPTION ACCOUNT N0. INV. I P.O. 0 MESSAGE 111. ^2 ELVIN SAFETY SUPPLY GEN SUPPLIES 40 -4504- 801 -80 ill, 32 19.00 GENERAL COMMUNICATNS EQUIP RENTAL 10- 4226- 301 -30 * ** °CKS 119.70 JOE ELIAS HEALTH COVERAGE 10 -4156- 510 -51 10- 4294 - 420 -42 478.50 JOE ELIAS WAGES 27 -4100- 663 -66 SERVICE 464.)D JOE ELIAS WAGES 27 -4100- 663 -66 RADIO 1 9062.20 * 10 -4294- 420 -42 34.10 GENERAL COMMUNICATNS RADIO SERVICE 10 - +294- 420 -42 - **r -CKS 276.51 FLEXIBLE '1T'Pr TOOL C GEN SUPPLIES 40 -4504- 810 -80 80700 276.51 * COMMUNICATNS MEMS CLUB 27- 2237 - 000 -00 37.10 FREEWA►i DODGE INC 37.10 * 81170 FRITZ CO 81.70 * 10.23 GIVEVS IN: 8.80 GIVENS INC 12.23 GIVENS INC 46.98 GIVEVS INC 78.24 REPAIR PAR TS 10- 4540 - 560 -56 CONCESSIONS ' ' 27 -4624- 664 -66 GEN SUPPLIES 10- 4504 - 600 -60 BLDG IMPROVEMENTS 10- 4924 - 629 -62 BLDG IMPROVEMENTS 10 -4924- 629 -62 BLOG IMPROVE 10- 4924 - 629 -62 368.13 GOODIN CO REPAIR PARTS 40 -4540- 803 -80 21200. GOODIN CO REPAIR PARTS 40- 4540- 803 -80 580.13 19.00 GENERAL COMMUNICATNS EQUIP RENTAL 10- 4226- 301 -30 48.10 GENERAL COMMUNICATNS RADIO SERV 10- 4294 - 420 -42 119.90 GENERAL COMMUNICATNS RADIO SERVICE 10- 4294- 420 -42 88.00 GENERAL COMMUNICATNS RADIO SERV 10 -4294- 420 -42 34.10 GENERAL COMMUNICATNS RADIO SERVICE 10 - +294- 420 -42 266.25 GENERAL COMMUNICATNS RADIO SERV -- 10- 4294 - 560 -56 80700 GENERAL COMMUNICATNS MEMS CLUB 27- 2237 - 000 -00 19382.1 5 23.48 - G T ?ARTS - PARTS--- '1' --'— - - -'10- 4620 - 560 -56 23.48 *f — CKS * ** -CKS * ** -CKS ** *--CKS *ra -.CKS * **•CKS I 1985 CITY OF EDINA CHECK REGISTER 10 -37 -85 PAGE CHECK NO. DATE AMOUNT YENDOI ITEM DESCRIPTION ACCOUNT N0. INY. t P.O. p MESSAGE ] �I 280213 09/30/85 6.84 PETTY CASH 28J2U3 09/3 /85 11.50 PETTY CASH 7 ' 283203- 09/30/85 _ -. 34982 - --- ^ PETTY CAS4 - . 28U203 09/30/85 16900 PETTY CASH 0 283203 09/30/85 400 PETTY CASH 28-',e 3 09/3C/85 2500 PETTY CASH 283273 09/30/85 35.86 PETTY CASH 28CZ03 09/30195 4.15 PETTY CASs 28).273 09/30/85 11.13 PETTY CAS4 I' 2802 ^.3 09/30/85 23.98 P_TTY CASs r�l 283203 09/30/85 45.30 PETTY CASs 28U203 Q9/30/95 13.78 PETTY CASH 281203 09/30/85 2.75 PETTY CASH _280203 _ 79/3C/85 7.64 _ _PETT( ::AS4 283203 09/30/85 - -- -- -- -24.22 ^- PETTY CASH - 2R0203 09/30/85 2700 PETTY CASH ''! 2802,13 09/30/85 2.19 P_TTY -,ASH 2b3203 09/30/85 5.38 PETTY CASs =� 280203 09/30/85 33.95 PETTY CASH I:.�- .--- - - - --- -- _. _. ._- - - -- -- - - -- 335.79 -� --- ---- __- _ --- -_ � z * f* t f f CONFERENCES 10 -4202- 280 -28 -_-- MTG EXPENSES '-- ____- ..- _- _- ..10 -42Q6- 140 -14 -- � - -- - -- MTG EXPENSES 10- 4206 - 160 -16 MTG EXPENSES 28. 209 1) /_1 /85 29.34 MILEAGE 2802^9 09/24/85 6.28 »� 43, 260 209 1u /'.i1 /85 109.78 GEN SUPPLIES 280279 09/24/85 - - 30.10. Xz 280209 1)/]1/85 4.28 3' 10 -4504- 627 -62 - -'- GEN SUPPLIES 179.78 s r I� I' �r n A] A.` COPT SERY 10 -4200- 600 -60 CONFERENCES 10 -4202- 280 -28 -_-- MTG EXPENSES '-- ____- ..- _- _- ..10 -42Q6- 140 -14 -- � - -- - -- MTG EXPENSES 10- 4206 - 160 -16 MTG EXPENSES 10- 4206- 500 -50 MILEAGE -10- 4208 - 140 -14 MILEAGE 10 -4208- 160 -16 MILEAGE 10 -4208- 500 -50 _ -' GEN SUPPLIES -- -- -10- 4504 - 160 -16 GEN SUPPLIES 10 -4504- 200 -20 GEN SUPPLIES 10 -4504- 440 -44 GEN SUPPLIES 10- 4504- 480 -48 GEN SUPPLIES 10- 4504 - 500 -50 GEN SUPPLIES 10- 4504- 600 -60 GEN SUPPLIES 10 -4504- 627 -62 - -'- GEN SUPPLIES 10- 4594- 646 -64 REPAIR PARTS 10 -4540- 560 -56 MILEAGE - - 40- 4208 - 800 -80 GEN SUPPLIES 40 -4504- 807 -80 GENUIN_ PARTS GENUINE: PARTS GENUINE PARTS _ GENUINE PARTS - - -� GENUI NE. PARTS GEN SUPPLIES 10- 4504 - 560 -56 REPAIR PARTS 10- 4540 - 560 -56 REPAIR PARTS_ __ 10- 4540 - 560 -56 PARTS 10 -4620- 560 -56 - PARTS 10- 4620 - 560 -56 *** * ** 280214 11/02/85 43.77 - ' TnLL COMPANY - ' WELDING SUPPLIES'- _ 10- 4610- 560 -56 - 280214 13/02/85 97.35 TOLL COMPANY WELDING SUPPLY 10- 4610- 560 -56 283.214 1302/85 139.50 TOLL COMPANY MELDING SUPPLY 10- 4610 - 560 -56 28321 4 1) /02/85 38.61 TOLL COMPANY WELDING SUPPLY '--10-4610-560-56 283214 1J/�2/85 91.14 TOLL COMPANY WELDING SUPP 10- 4610- 560 -56 _2821 4 ^ -� - 1 /02/85 65.33 TOLL COMPANY WELDING SUPPLIES 10- 4610- 560 -56 28021 4 10/02f85 ' -- 56.70 -��� -TOLL COMPANY- _-"- _'- WELDING 'SUPP -' -' -1044610- 560 -56 - 283!214 10/OZ/85 23.49 TOLL COMPANY GEN SUPP 40- 4504 - 801 -80 -- 280214 1)/OZ/85 7 *50 COMPANY _ GEN SUPPLIES 40 -4504- 801 -80 560.35 -TOLL _..._.. - - .. . y'I 283218 09/24/85 19070*25 HALLMAN LUBRICANTS 10 -4618- 560 -56 19070.25 + ...fff SO 280228'b9/24/85__ - 100.20 HILLSTROM'AUTO -SUP Y GEN SUPPLIES : -- 10 ;4504 - 56056 28U228 09/24/85 19369.95 HILLSTROM AUTO SUP Y REPAIR PARTS 10- 4540 - 560 -56 6 *** -CKS * ** -CKS * ** -CKS * *+ -CKS * ** -CKS i, Y 19B5'C OF EDINA CHECK STER 1C -07 -85 PAGE 7 CHECK NO. DATE AMOUNT VENDOR ITEM DESCRIPTION ACCOUNT N0. INV. q P.O. b MESSAGE „ 280.228 09/24/85 19837.39 HILL3TRAM AUTO SUP Y PARTS ,10- 4620 - 560 -56 39 30T. 54 ... -... .. +•+ -CKS e l r r ` - o - - -- -- - 2$0231- - 09/24/85 987.50 --'- HOPPERS INC- ^-- --� -- PAINT PTO -4544- 642 -64 . 280231 13/02/85 208.75 HOFFERS IYC PAINT 1D- 4544 - 646 -64 1 91 96.2 5 �„ 9.9999 + +* -CKS , 9`12 0238 1)/01/85 `- 24.70 -'-WM H- MCCOY --------- - - - -- GEN- ..SUPP'LIESi---- -`70- 4504- 301 -30 24.)D • n rrrrrr rrr•. CKS ial 280244 09/24/85 43.36 HAYDEN MURPHY PARTS 10 -4620- 560 -56 c - - - -- ,o - -- -- -- 6306 . - --- - - - - -- - - r z ^1 L ^ ^ rrrrrr • •+ -CKS s,, 280249 ^9/24/85 18.00 HARMON GLASS CONT REPAIRS 10- 4248 - 560 -56 _• 18.00 • - rrrrrr rrr -CKS z, 293153 09/24/85 26.50 HUMPHREY'RADIATOR PARTS—— - -- 10- 4620 - 560 -56 26.50 + rrr - CKS ~ ,a� 283267 09/24/85 564.97 IBM CORPORATION EQUIP RENTAL 10- 4226 - 510 -51 I- 564.97 . - _ --- --_ _ rrrrrr ***-CKS or '' 280278 09/24/85 68.53 JERRYS FOODS MEALS 10 -4206- 140 -14 283.278 69/24/85 46.32 JERRYS F030S CONCESSIONS 26- 4624 - 684 -68 AO 203 278 1 J /02/85 130.24 - -___._ "JERRYS FOODS - -- - CONCESSIONS - 27- 4624- 664 -66 * 1 2oJ1278 1:;/01/85 4003 JERRYS FOODS CONCESSIONS 27- 4624 - 664 -66 285.12 ! ,+ 281,279 09130/85 18.66 JERRYS OUR OWN HOWE GEN SUPPLIES 10- 4504 - 301 -30 - 280279 09/30/85 10200 JERRYS OUR OWN HOWE GEN SUPPLIES 10- 4504- 325 -30 1. 26J'279 09/30/85 _ 22.76 -w -- JERRYS OUR -OWN HOWE GEN SUPPLIES- ..._.__,..r__- 10- 4504 - 328 -30 w 47 28U279 L9/32/85 12.38 JERRYS OUR OWN HOWE GEN SUPPLIES 1U -4504- 390 -30 • 283.279 .)9/33/85 18.66 JERRYS OUR OWN HDWE GEN SUPPLIES 10 -4504- 430 -42 ^ 280279- -- 09/30/85 "- 18:66- JERP,YS_OUR- OWNHOWE__- _CORRECTION 10- 4504 - 430 -42 - II i 280279 09/30/85 16.99 JERRYS OUR OWN HOWE GEN SUPPLIES 10- 4504 - 482 -48 �r +I 280279 99/30/85 3.99 JERRYS OUR OWN HOWE GEN SUPPLIES 10- 4504 - 520 -52 2uJ279 79/33/85 - - 14.18 - -�- JERRYS OUR OWN HDWE GEN SUPPLIES - _ 10- 4504 - 540 -54 r * 20)279 J9/30/85 1707 JERRYS OUR OWN HOWE GEN SUPPLIES 10- 45,14- 560 -56 +� 260279 J9/30/85 302.58 JERRYS OUR OWN HOWE GEN SUPPLIES 10- 4504 - 646 -64 9E 211:1.279 __`69/30/85 3. OWN HDWE- CLEANSUPP 10- 4512 - 440- 44 "-- -- - 280279 39/30/85 42.04 JERRYS OUR OWN HDWE REPAIR PARTS 10- 4540- 390 -30 V 283292 10 /02/85 I _+I .t.f. f 89999000 HARRIS R04EYER CO INSURANCE 10- 4260- 510 -51 89999.00 + 280304 19F5 CITY OF EDINA KNOX CHECK REGISTER CO GEN SUPP 10 -07 -85 PAGE 8 280304 CHECK NO. DATE AMOUNT VENDOR CO ITEM DESCRIPTION ACCOUNT N0. INV. # P.O. # MESSAGE 283304 1J/r2/85 25.88 KNOX LUMB_R CO GEV SUPPLIES 10 -45C4- 301 -30 28).334 13/72/85 =I 2b)_279 09/30/85 19.95 JERRYS OUR OWN HOWE GEN SUPPLIES 10- 4540- 440 -44 33073 KNOX 280279 19/30/85 17.70 JERRYS OUR OWN HOWE REPAIR PARTS_ 10 -4540- 646 -64 LUMB -R CO 2FC279 39/30/85 75.92 JERRYS OUI OWN HOW_ PAINT _ "--1'0-4544-646-64 GEN SUPP 10 -4504- 646 -64 2bO279 u39/30/85 31.30 JERRYS OUR OWN HOWE SEED GEN SUPP 10- 4568- 353 -30 28) 304 1[/01/85 2c2279 39/30/85 19.42 JERRYS OUR OWN HOWE TOOLS 2bJ304 10- 4580 - 301 -30 571.20 _ 7 230279 09/30/85 9.72 - - -- - JERRYS OUR OWN HOWE -'- GEN SUPPLIES -S- -T -'-"23 -4504- 611 -61 - - KNOX a 2e0279 39/30/85 12.25 JERRYS OUR OWN HOWE REPAIR PARTS 27- 4540 - 670 -66 CO '�- t' 283'279 09/30/85 2.10 JERRYS OUR OWN HOWE REPAIR PARTS 4612- 662 -66 10- 4604 - 646 -64 280304 Ze0279 39/30/85 1.50 JERRYS OUR OWN HOWE PARTS 10- 4604 - 646 -64 _27- 27- 4620- 662 -66 09/24/85 I" 240279 09/30/85 9098 JERRYS OUR OWN HOWE GEN SUPPLIES 40 -4504- 801 -80 5.20 KNOX ?8C279 09/30/85 21.66 JERRYS OUR OWN HDWE_ REPAIR PARTS 40- 4540- 803 -80 LUMBER CO 281279 09/30/85 53.99 JERRYS OUR OWN HD WE REPAIR PARTS - " - '40 -4540- 813 -80 LUMBER---- _ _ °) s 283304 09/24/85 831.43 KNOX LUM8 7-R CO CORRECTION 10- 4604 - 646 -64 28134 09/24/85 _ 872.10 KNOX LUM8 -R CO LUMBER 10- 4604- 646 -64 2b)304 * ** ^CKS 5938 KNOX 280283 09/30/85 24.64 JUSTUS LUMBER COMPANY - .. REPAIR PARATS 10- 4540- 646 -64 LUMB -R f 280183 0.9/30/85 _ 48.64 JUSTUS LUMBER _ -COMPANY REPAIR PARATS' 10 -4540- 646 -64 - CORRECTION - 1 281283 09/30/85 60980 JUSTUS LUMBER COMPANY- REPAIR PARATS 10 -4540- 646 -64 280304 7i __ 280283 09/30185 413.44 JUSTUS LUMBER COMPANY 'Z-' REPAIR PARATS 10 -4540- 646 -64 283!283 09/30/85 73.34 Jf7STUS LUMBER COMPANY'" REPAIR PARTS 40 -4540- 801 -80 620.56 * V 283292 10 /02/85 I _+I .t.f. f 89999000 HARRIS R04EYER CO INSURANCE 10- 4260- 510 -51 89999.00 + 280304 17/01/85 94.17 KNOX LUMB -R CO GEN SUPP 10- 4504 - 301 -30 280304 10/02/85 17.60 KNOX LUMB =R CO GEN SUPPLIES 10 -4504- 301 -30 283304 1J/r2/85 25.88 KNOX LUMB_R CO GEV SUPPLIES 10 -45C4- 301 -30 28).334 13/72/85 14.43 KNOK LUM8ER CO GEN SUPP 10- 4504 - 390 -30 2333 ^4 1/02/85 33073 KNOX LUMB -R CO GEN SUPPLIES 10 -4504- 646 -64 260304 13/02/85 -- -41.95 - -- KNOX LUMB -R CO GEN SUPP 10-4504-646-64 281304 28)304 10/01./85 22.79 KNOX LUMB -R CO GEN SUPP 10 -4504- 646 -64 28J 304 11/01,/85 8.38 KNOX LOMB =R CO GEN SUPP 10 -4504- 646 -64 28) 304 1[/01/85 27.36 KNOX LUMB -R CO REPAIR PARTS 10 -4540- 646 -64 2bJ304 1i/02185 571.20 KNOX LUMBER CO REPAIR PARTS 10- 4540 - 646 -64 _ 283304 61.39 KNOX LUMB =R CO LUMBER 10- 4604 - 646 -64 28JSU4- _13/nl/85 _ -- 1)/01./85 _ - -' 3.40.'" -KNOK- LUMB -R CO '�- _ LUMBER 604- 646 -64 283304 10/01./85 29.41 KNOX LUMBER CO LUMBER 10- 4604 - 646 -64 280304 09/24/85 - 82.10 -� KNOX LUMB -R CO LUMBESR 10- 4604 - 646 -64 283304 09/24/85 24.29 - KNOX LUM8 -R CO LUMBER 10- 4604 - 646 -64 2833:)4 1)/C1,/85 5.20 KNOX LUMBER CO LUMBER 10 -4604- 646 -64 _283304 09/24/85 116.46 KNOX LUMBER CO LUMBER 10 -46J4- 646 -64 280304 _ 09/24/85 _ _ 71.74 ! -KNOX LUMBER CO - LUMBER---- _ _ ' _ __ -10 -4604- 646 -64 - 283304 09/24/85 872.10 -, KNOX LUM8 7-R CO CORRECTION 10- 4604 - 646 -64 28134 09/24/85 _ 872.10 KNOX LUM8 -R CO LUMBER 10- 4604- 646 -64 2b)304 1J/02/85 5938 KNOX LUMB -R _ CO LUMBER 10 -4604- 646 -64 2803:4 1J /!''1,/85 6109 KNOX LUMB -R CO LUMBER 10- 4604 - 664 -64 2x7304 15/011/85 61.39- KNOX_LUMB __R CO CORRECTION 10 -4604- 664 -64 28]304 10/02/85 -'" 29.37 KNOX LUM8 -R'CO PARTS _ 27 =4620= 662 -66 280304 09/24/85 26.37 KNOX LUMB_R CO GEN SUPPLIES 28 -4504- 708 -70 *** »CKS * **-CKS w 1983 ( OF EDINA CHECK N0. KNOX.LUMB =R CO 8916 KNOK LUMBER CO _DATE - KNOK LUMB --R CO = 28D334 09/24/85 156.55 3 280304 1; /Ot/85 w 263304 ' 1./01/85 LAWSO4 7 rf +r +r GEN SUPPLIES 10 -4504- 322 -30 �i 280317 09/30/85 PRODUCTS'- - 287317 09/30/85 71 281317 09/3(3/85 CORRECTION = 280317 U9/30/R5 LAWSON 28)317 09/30/85 -4504- 325 -30 <i 280317 09130/85 PRODUCTS 281317 09/30/85 74.29 °l 26J 317 10/02/85 287317 09/30/85 280317 09/30/85 4 260317 - 09/30/85 280317 09/30/85 :.I 280317 ii 09/30/85 i 10 -4620- 560 -56 30002 CHECK . STER -- - -._ -- AMOUNT -- - - -- - VENDO2' -- - -- - -- 10.70 KNOX.LUMB =R CO 8916 KNOK LUMBER CO - - 219.37 - KNOK LUMB --R CO 19550.83 + - - - -10 -4504- 322 -30 10 -37 -85 PAGE 9 ITEM DESCRIPTION ACCOUNT NO* INY* N P.O. 4 MESSAGE GEN SUPPLIES 28- 4504 - 708 -70 REPAIR PARTS 40 -4540- 802 -80 __ REPAIR PARTS __4'0 =4540- 802 -80 220.75 LAWSON PRODUCTS GEN SUPPLIES 10 -4204- 322 -30 89.70 LAWSON PRU)UCTS GENERAL SUPPLIES - - - -10 -4504- 322 -30 156.55 LAWSO4 PRODUCTS GENERAL SUPPLIES 10 -4504- 322 -30 400.63 LAWSO4 PRODUCTS GEN SUPPLIES 10 -4504- 322 -30 - 211.10 '- LAWSON PRODUCTS'- - - GEN SUPPLIES ---- ' - - -10 -4504- 325 -30 211.70- LAWS)N PRO)UCTS CORRECTION 10 -4504- 325 -30 211.00 LAWSON PRODUCTS GEN SUPPLIES -4504- 325 -30 -` 424.32 LAWSON PRODUCTS GEN SUPPLIES _10 10 -4504- 646 -64 74.29 LAWSO,4 PRO)UCTS GENERAL SUPPLIES 10 -4504- 646 -64 489.39 LAWS)N PRODUCTS GEN SUPPLIES 10- 4504 - 646 -64 - - 457.35 LAWSON PRODUCTS -- - -- -------- PARTS - --- 10 -4620- 560 -56 30002 LAWSON PRODUCTS PARTS 10- 4620 - 560 -56 201.90 LAWSON PR03UCTS PARTS 10- 4620 - 560 -56 3,025.50 LOGIS COMPUTER COST 40- 4232 - 800 -80 � r� 99999♦ 280331 1C /C1,/85 81020 LAHASS CORPORATION CONT REPAIRS 283331 1]/01./85 50.00 LAHASS CORPORATION REPAIR PARTS ar C� ► , -...- - - -- - _ _ -..� - - - -- 131.20 10- 4248 - 560 -56 10- 4540_560 -56 ',v rfr +►r -R� 280324 - 09/24/8`. 846.67 LOGIS COMPUTER COST 10- 4200 - 500 -50 CONT REPAIRS -� 280314 09/24/85 800.64 LOGIS COMPUTER COST 10- 4228 - 160 -16 EQUIP 287314 09/24/85 953.49 - LOGIS _ - COMPUTER COST - -10- 4230 - 160 -16' 280324 09/24/85 2,062.43 LOGIS COMPUTER COST 10 -4233- 200 -20 230324 09/24/85 19304 *02 LOGIS COMPUTER COST 10- 4233 - 420 -42 �+ 280337 10/01/85 09/24/85 - -- - - -.- 700.00--- " -LOGIS COMPUTER- COST----10-4233-560-56 - *I I280324 280324 09/24/85 765.28 LOGIS COMPUTER COST 10- 4233 - 560 -56 10- 4504 - 646 -64 280324 09124/85 19961.59 LOGIS COMPUTER COST 40- 4232 - 800 -80 GEN SUPPLIES r 2FD324 09/24/85 295.47- LOGIS COMPUTER COST 50 y�» 281324 09/24/85 295.47 LOGIS COMPUTER COST 50- 4233 - 840 -84 285324 09/24/85 295947 LOGIS COMPUTER COST 50- 4233 - 860 -86 � r� 99999♦ 280331 1C /C1,/85 81020 LAHASS CORPORATION CONT REPAIRS 283331 1]/01./85 50.00 LAHASS CORPORATION REPAIR PARTS ar C� ► , -...- - - -- - _ _ -..� - - - -- 131.20 10- 4248 - 560 -56 10- 4540_560 -56 ** *'CKS • +*-CKS * **-CKS *• *CKS * ** -CKS ',v rfr +►r 287337 10102/85 641.70 LAKE STATE EQUIP CONT REPAIRS 10- 4248 - 560 -56 l.T •� 28].337 10/01/85 48.70 LAKE STAT= EQUIP GEN SUPPLIES 10- 4504 - 646 -64 �•i 2bD337' -T. -- 10/(11/85- 67.26 -LAKE STATE - EQUIP'.__ GEN -- SUPPLIES -10- 4504 - 646 -64 - v 280'337 1J/01./85 62 *06 LAKE STAT_ EQUIP GEN SUPPLIES 10- 4504 - 646 -64 �+ 280337 10/01/85 52.76 -a LAKE STATE EQUIP CORRECTION 10- 4504- 646 -64 +_ 2x).337 1)/01./85 �- 43.36 LAKE STAT = EQUIP _ GEN SUPPLIES 10- 4504 - 646 -64 a. 26)337 10/01/85 56.32 LAKE STATE EQUIP GEN SUPPLIES 10- 4504- 646 -64 � 261337 11/01/85 52.06 LAKE STAT: EQUIP GEN SUPPLIES 10 -4504- 646 -64 5- -.--� 919.6 _ • ---- -- ** *'CKS • +*-CKS * **-CKS *• *CKS * ** -CKS al 1985 CITY OF EOINA CHECK REGISTER 10 -07 -85 PAGE CHECK N0. DATE AMOUNT- - _ - Y_NDOI -_ , , - -_ITEM DESCRIPTION ACCOUNT N0. INV. p P.O. 4 MESSAGE 'I 280341 09/30/85 40.40 M 8 I IND SUPPLY GEN SUPPLIES - - 10 -4504- 301 -30 r i 191.79 f I' 280359 1';:/02/85 75.98 MINN TORO INC REPAIR PARTS 10- 4540 - 560 -56 31' 20359 1J /01/85 - - - 37.74- -' -- -MINN TORO INC - -' - - -- -- PORTS -^ -T�° 10- 4620- 560 -56 ` - ' 280359 1)/02/85 97962 MINN TORO INC REPAIR PARTS 27 -4540- 662 -66 280359 09/24/85 264.70 MINN TORO INC REPAIR PARTS 27- 4540 - 662 -66 287359 09/24/85 309.30 MINN TORO INC REPAIR PARTS 27- 4540 -- 670 -66 785.84 a '290360 1)/R1/85 34.24 — 'MINNESOTA WANNER REPAIR PARTS 4540 - 646 -64 26J360 1)/01./85 13.51 MINNESOTA WANNER REPAIR PARTS 10 -4540- 646 -64 280360 10/02/85 44.52 MINNESOTA WANNER REPAIR PARTS 10- 4540 - 646 -64 28J360 10/02/85 9.)0 MINNESOTA WANN =R PARTS 10- 4620- 560 -56 260360 10/011/85 16C.78 MINNESOTA WANNER PARTS 10- 4620- 560 -56 28)360 1)/02/85v - -_ 59.3D -_ MINNESOTA WANNER PARTS 10- 4620 - 560 -56 All 321 of! S _.f - --- - - - -- - - -- - -- - - -- . - - -- - - - �u faf tfi - +'� 28;362 1L'/01./85 224.30 _ MODEL STON? COMP4Nr GEN SUPPLIES - 10- 4504 - 345 -30 263362 11/01/85 1,015.43 MODEL STOVE COMPANY CONCRETE 10- 4528 - 301 -30 —1 9239.73 -� - -- - - -- I f f *fff 280.367 13/C2/85 16.30 MCGARVEY COFFEE GEN SUPPLIES 10- 4504 - 530 -50 16.3D * w ****** 10 * * * -CKS * ** -CKS fat -CKS * ** -CKS * ** -CKS **#-CKS I <� -- 28 1342 09/30/85 38.55 MAC OU " N =QUIP INC REPAIR PARTS 10- 4540- 560 -56 ` 280342 1 ^/01,/85 ... 82.54 - - - -- MAC QUEEN EQUIP INC - REPAIR 'PARTS - U 280342 09/30/85 82954 MAC QUEEN EQUIP INC REPAIR PAFATS 10- 4540 - 560 -56 280342 09/30/85 34.68 MAC QUEEN EQUIP INC REPAIR PARTS 10- 4540 - 560 -56 280342 09/24/85 62,833.30 MAC QUEEN EQUIF INC R040 EQUIP 10- 4912 - 300 -30 639068.31 I I 282'344 2803`4 1)/01./85 13/01/85 42.30 31.23 MED MED OXYGEN IXYGE4 8 =QUIP & EQUIP EQUIP MAINT 1ST AID SUPPLY 10- 4274- 449 -44 10- 4510 - 440 -44 PI 73.23 ` fff faa =I 287356 9/24/85 45.81 MTNNES))TA BLUEPRINT LUMBER 10- 4604- 260 -26 45.81 a L< afraaf 280358 09/24/8`. 45.00 3M ALARM S =RVICE ALARM SERV 50- 4304- 821 -82 280358 09/24/85 146.79 3M ALARM SERVICE ALARM SERV 50- 4304 - 861 -86 r i 191.79 f I' 280359 1';:/02/85 75.98 MINN TORO INC REPAIR PARTS 10- 4540 - 560 -56 31' 20359 1J /01/85 - - - 37.74- -' -- -MINN TORO INC - -' - - -- -- PORTS -^ -T�° 10- 4620- 560 -56 ` - ' 280359 1)/02/85 97962 MINN TORO INC REPAIR PARTS 27 -4540- 662 -66 280359 09/24/85 264.70 MINN TORO INC REPAIR PARTS 27- 4540 - 662 -66 287359 09/24/85 309.30 MINN TORO INC REPAIR PARTS 27- 4540 -- 670 -66 785.84 a '290360 1)/R1/85 34.24 — 'MINNESOTA WANNER REPAIR PARTS 4540 - 646 -64 26J360 1)/01./85 13.51 MINNESOTA WANNER REPAIR PARTS 10 -4540- 646 -64 280360 10/02/85 44.52 MINNESOTA WANNER REPAIR PARTS 10- 4540 - 646 -64 28J360 10/02/85 9.)0 MINNESOTA WANN =R PARTS 10- 4620- 560 -56 260360 10/011/85 16C.78 MINNESOTA WANNER PARTS 10- 4620- 560 -56 28)360 1)/02/85v - -_ 59.3D -_ MINNESOTA WANNER PARTS 10- 4620 - 560 -56 All 321 of! S _.f - --- - - - -- - - -- - -- - - -- . - - -- - - - �u faf tfi - +'� 28;362 1L'/01./85 224.30 _ MODEL STON? COMP4Nr GEN SUPPLIES - 10- 4504 - 345 -30 263362 11/01/85 1,015.43 MODEL STOVE COMPANY CONCRETE 10- 4528 - 301 -30 —1 9239.73 -� - -- - - -- I f f *fff 280.367 13/C2/85 16.30 MCGARVEY COFFEE GEN SUPPLIES 10- 4504 - 530 -50 16.3D * w ****** 10 * * * -CKS * ** -CKS fat -CKS * ** -CKS * ** -CKS **#-CKS I <� I f f *fff 280.367 13/C2/85 16.30 MCGARVEY COFFEE GEN SUPPLIES 10- 4504 - 530 -50 16.3D * w ****** 10 * * * -CKS * ** -CKS fat -CKS * ** -CKS * ** -CKS **#-CKS I <� • 1963 C OF EDINA CHICK F TER 10 -07 -85 GE 11 CHECK NO. DATE AMOUNT VENDOI ITEM DESCRIPTION ACCOUNT N0. INY. 0 P.O. 0 MESSAGE x 287370 ^9/24/85 44.00 MIDLAND P20DUCTS CO CONT REPAIRS_ 28- 4248 - 704 -70 2`+0370 - .9/24/85 - 212.96 - MIOL443 P13DUCTS CO CONCESSIONS �— 28- 4624 - 704 -70 -�+ 247370 11 9/24/85 47.25 MIDLAND PIODUCTS CO CONCESSIONS 28- 4624- 704 -70 - - - -- 304.21 * _ — _T�_ - - --- ----- - - - - -- - -- • faa -CKS l,l 2o)379 1)/31/85 35.40 METRO FONE COMM EQUIP RENTAL-- - -10- 4226 - 301 -30 35.40 • iif -CKS qp 287.383 09/24/85 18909700 MPLS COMP TREAS WATER 40- 4640- 803 -80 281.383 09/24/85 945.58 MPLS COMP TREAS WATER - " - - -' I, 199036.88 f i a+. CKS f 287385 1)/02/85 243 . ?0 MCGUIRE 108ERT TREE INSPECTION 10- 4200 - 353 -30 2oJ385 1J/02/85 600.00 MCGUIR: IOBERT TREE INSPECTION 60- 1300- 012 -18 ,I 840.70 • I 283388 09/24/85 8.27 NTL ATOMI< MOTOR REPAIR PARTS 10- 4540 - 560 -56 `_ 261.338 09/24185 - - 19. 40 NTL ATOMI( MOTOR - REPAIR PARTS - `- -`10 -4540- 560 -56 280388 09/24/85 13912 NTL ATOMIK MOTOR REPAIR PARTS 10 -4540- 560 -56 + 4D.. 79 + .. i+f rf r CKS ,I 28J4C0 U9/30/85 518.51 NORTIWESTEAN TIRE CO - TIRES 8 TUBES __...- 10- 4616 - 560 -56 �I 518.51 • r-r- :� - - ifffii - --- - - - - -. .- --- ----- --• -- --- •--- '.'___'_'- --- __._ -__. CK$ 3> 2814U3 12102185 140.40 N W SOUND TAPE RECORDERS 10- 4644 - 629 -62 - - 140.40 .. s ' Q +f +if f -,— __ -. -- a a i -CKS �. �• 28).41.2 10/01./85 17.15 NW GRAPHIC SUPPLY INVENTORY SUPPLY 23- 1209 - 000 -00 17.15 280421 - -- 09/24/85' -.— 1x006.72 OLSOV CHAIN4 CABLE— PARTS -27- 4620 - 662 -66 - 283_421 09/24/85 155.84 OLSON CRAIN & CABLE TOOLS 28- 4580 - 708 -70 lit. 1,162.56 _ �� f +iifi fif-CK5 187:00 PAUL'FOSS 1yRINTING PRINTING �� ZSU428 X9/24/85 ,�, .a 187.00. • 1985 CITY OF EDINA CHECK REGISTER 1C -07 -85 PAGE 12 G�7 CHECK NO. DATE AMOUNT VE4001 ITEM DESCRIPTION ACCOUNT N09 INV. 0 P.O. A MESSAGE z " I 283434 10/C2/85 61.60 PRINTERS S_RVICE INC EQUIP MAINT 28- 4274 - 707 -70 - - 61.60 �. n) rrr•r+ ++• -CKS 2e0436 10/01,/85 112.]0 PUMPS B METER SERV REPAIR PARTS _ - 10 -4540- 540 -54 I• �' •..) ,' - --- -• - ----- - - ----- - - - -- -- - - - -- — - - - -- +r+ -CKS - 280439 13/02/85 408966 PRIOR LAKE_ AG GEN SUPPLIES 10 -4504- 646 -64 _ 1 408.66 • _..._._ - - ~�„� •r•rrr - - - — _ ^-- •r+ -CKS 283,441 1)/02/85 232.40 TIE PRINT Sf1OP GE4 SUPPLIES-- - - - -10 -4504- 624 -62 - 232.40 + r. r r. • • ++ -CKS _2 so 4 5U 1)/61,/85 - - -- 134.65 - - - - -PBE - --- - - - --- - - -- PARTS - --- - - - -10 -4620- 560 -56___ 4 287450 09/24/85 43.84 PBE PARTS 10- 4620 - 560 -56 - "I 178.49 + �I I rrr•rr •*•.-CKS 280452 09/24/85 53.16 QUICK SERV BATTERY — PARTS 10- 4620 - 560 -56 - -I. 283451 09/14/85 31939 QUIC< SERV BATTERY PARTS 10- 4620 - 560 -56 280452 09124/85 51.72 QUICK SERV BATTERY PARTS 10 -4620- 560 -56 283452 09/24/85 2200 OUIC< SERV BATTERY PARTS _.. 10- 4620- 560 -56 1 159.06 :7i :a tr•r•• -.. r+r -CKS a., 280455 09/24/85 56936 RITEYAY REPAIR PARTS 10 -4540- 560 -56 C I" 56.36 _ — - +: •r►r•r + ++ -CKS 283.461 10/02/85 136.00 REED SALES B SERVICE REPAIR PARTS. 27- 4540 - 662 -66 136.30 + E •� 28 ?462 1C /01 /85 26.95 RENT4L EQUIP 8 SALES GEN SUPPLY 10- 4504 - 353 -30 ' •^ 280462 17/01./85 47.10 —'74.0 RENT&L EQUIP 8 SALES GEN SUPPLY 10- 4504 - 353 -30 5 + — - -- -- - -- - - - - - -- - - -- — -- -- - - - ._ _ 50 ..•••• •+•.-CKS a3 280482 0.9/24/85 60900 SATELLITE INDUSTRIES CONT SERV 27- 4200 - 662 -66 60.00 se e rrsr +• • ++ -CKS ,s 1985'C JF EDINA CHECK R TER 10 -37-85 GE 13 CHECK NO. DATE- _ AMOUNT_ ^ -- ` -`— VENDOR - -^ ITEM - DESCRIPTION- ACCOUNT N0. IN V. 9 P.O. # MESSAGE .� 287;484 09/24/85 125.50 AMERICAN SHARECOM TELEPHONE 10 -4256- 510 -51 - - 4 125.50 A ...... * * *- CKS c 28D486 29/30/85 434078 DON STRETCHER GUNS PARTS 10- 4620 - 560 -56 260486 09/30/85 534.78 D04 STFCEI:HER GUNS PARTS 10 -4620- 560 -56 28)1486 19/30/85 534.78- DON STREI�1,:R GUNS CORRECTION -10- 4620- 560 -56 434.78 + * *+-CKS Id 261.490 09/24/85 400.45 SHERWIN WILLIAMS PAINT 28- 4544 - 707 -70 26J490 1)/01./85 43 *70 SHERWIN WILLIAMS GEN SUPPLIES-­­ 40- 4504 - 802 -80 2cJ,49n 1:/C1/85 54.95 SHERWIN WILLIAMS REPAIR PARTS 40 -4540- 802 -80 _ 499.10 CKS 263492 1J /C1: /85 3.22 - SOUTHDALE FORD REPAIR PARTS - 10- 4540 - 560 -56 26J492 1J/01/85 8.60 SOUTHDALE FORD REPAIR PARTS 1.0- 4540- 560 -56 _ 24 280492 1,:/01/85 7.80 SOUTHDALE FORD REPAIR PARTS 10- 4540 - 560 -56 ��- 267492 - 1J/01./85 - -_T" 23 *62 -- -- SOUTHDALE -FORD -- -RE ?AIR PARTS - - - -- ` " -10- 4540- 560 -56 . :'` 28).492 1J/02/85 54.).8 SOUTHDALE FORD REPAIR PARTS 10- 4540 - 560 -56 l 260492 1J/f'1/85 26.73 SOUTHDALE FORD REPAIR PARTS 10- 4540 - 560 -56 2(53492 1:,/02/85 3.61 - SOUTHDALE =04D -- REPAIR PAP.TS -- 10- 4540 - 560 -56 ,. 28C492 1)/02/85 2.72 SOUTHDALE FORD REPAIR PARTS 10 -4540- 560 -56 281492 1.:/02/85 6.34 SOUTHOIVLE FORD REPAIR PARTS 10- 4540 - 560 -56 136.72-1- -._.- .,— ____ ----_— — .___.--- - -- -- -- - - - - -- _. _ ** +-CKS 260494 17/02/85 1.43 SWEEVEV BIOS TRACTOR REPAIR PARTS 10- 4540- 560 -56 - 1.43 280'495 09124/85 70 *50 SOUTHTOWN REEFRIG CDNT REPAIRS 10 -4248- 628 -62 • T0.50 * ..... * ** -CKS 267502 ' -- 17/('2/85 -- —72.30 SUBURBAN CHEVROLET `- CONT REPAIRS 10-4248- 560 -56 ` 280502 10/02/85 109 *23 SUBURBAN CHEVROLET CONT REPAIRS 10 -4248- 560 -56 280502 10/01/85 427 *49 SUBURBAN CHEVROLET REPAIR PARTS 10 -4540- 560 -56 26 '2502 1)/'2/85 - 4.92 - - - -- SUBUiBA -N CHEVROLET - - REPAIR PARTS- -. 10- 4540 - 560 -56 28J 5J2 1)/!12/85 82.40 SUBUIRkM CiEVROLET REPAIR PARTS 10- 4540 - 560 -56 h 280502 17/-)1/95 16.75 SUBURBAN CHEVROLET REPAIR PARATS 10- 4540- 560 -56 _ 280.502 - -- 1C 101./85 - --' :30 SUBURBAN - CHEVROLET -- -- REPAIR- PARTS - -- — 10-4540-560-56---- 9 28,0502 13/01/85 3.35 SUBUIS" CHEVROLET REPAIR PARATS 10 -4540- 560 -56 3,i 716.44 - +- 2RC5U3 09/24/85 12.08 SUBU294N PLUMB SUP GEN SUPPLIES 10 -4504- 646 -64 ++ 280503 09/24/85 61.39 SJBUIRA-N 'PLUMB SUP GEN SUPPLIES 10- 4540- 646 -64 2$5503 09/24/85-- --- 11:37— SUBU234 ',4--5-LUMB -SUP GEY SUPPLIE 280503 13102/85 .57 *34 SUBUIBAN:'LUMB SUP._ GEN SUPPLIES 40 -4504- 801 -80 -r I • 1985 CITY OF EDINA _ CHECK NO. DATE zT 283503 10/02/85 v �I 280573 1)/02185 'i -- 280505 13/02/85 2805U5 1C 102/85 it CHECK REGISTER 1C -07 -85 PAGE 14 AMOUNT V =NDOI ITEM DESCRIPTION ACCOUNT NO* INV. # P.O. a MESSAGE 91.94 SUBURBAN 3LUMB SUP GEN SUPPLIES 40 -4504- 805 -80 61.15 SUBU134N '2LUMB SUP REPAIR PARTS 40- 4540 - 805 -80 295.27 * . - _ _. _____ _ . ­ 4.20- SUN 14.36 SUN 10.16 CREDIT 10- 4210 - 140 -14 ADVERTISTKG - 10- 4210 - 140 -14 dto I+ r +_ #iaara + 283.526 11/02/85 19338o46 TRACE OIL CO GASOLINE �- - 1,338.46 # a + 7 •af►af 2b3537- '"1� /C 1,/85 - - -- -- 297.Q0 �TEX64S COtP__ 297.33 280531 10/011e5 _ 127.68 AMMONIA H ^USE `- 280531 09/24195 264.44 AMMONIA' HOUSE a+ 287531 09/24/85 270.32 AMMONIA: HOUSE 662.44': GEN SUPPLIES 10-4612-560-.56 10- 4504 - 301 -30- - - - - -- - CUNT REPAIRS 28- 4248 - 707 -70 CONT REPAIRS 28- 4248 - 707 -70 CONT REPAIRS 28- 4248 - 707 -70 * ++- CKS * **-CKS * ** -CKS ` *+ *'CKS + *+ -CKS **►-CKS I'+ 290509 1r. /01 /85 3918 ST PAUL BOOK GEN SUPPLIES 10- 4504 - 440 -44 261509 1) /n1, /85 68.56 ST PAUL BOOK GEN SUPPLIES 10- 4504 - 440 -44 2b)506 13/"1/85 29.79 ST 3AUL B))K GEN SUPPLIES 10 -4504- 440 -44 - 26,3508 09/24/85 6.20 ST PAUL BOOK GEN SUPPLIES 10- 4504- 480 -48 2805 U8 X9/24/85 15.78 ST P4 UL BOOK _ GEN SUPPLIES 10- 4574 - 480 -48 '-'10- 2605 Off 09/24/85 156.01 ST PAUL 83DK GEN SUPPLIES 4504 - 510 -51 280508 09/24/85 1.72 ST 3AUL BOOK GEN SUPPLIES 10- 4504 - 510 -51 280509 09/24/85 22.20 ST PAUL BOOK GEN SUPPLIES 10- 4504 - 510 -51 28J508 1i� /Cl 185 20.66- ST PAUL BOOK CREDIT 10- 4504 - '510 -51 280508 09/24/85 39.39- ST PAUL 8JOK CREDIT 10 -4504- 510 -51 __2b) __2ts0508 5C.8 - 1U/C1185 - 15.41 ST 2A UL BOOK GEN SUPPLIES 10- 4504 - 510 -51 z� - 1) /Ot /85 72.75 - ST PAUL BOOK -- GEN SUPPLIES -�� �" 10 -4504- 510 -51 - ;,' 280508 09/24/85 132.18 ST PAUL BOOK GEN SUPPLIES 10 -4504- 627 -62 2805U8 09/24/85 15.55 ST PAUL BOOK GEN SUPP 10 -45C4- 627 -62 28)5 ^8 1J/C2/85 84.63 ST PAUL BOOK OFFICE SUPPLIES 10- 4516- 600 -60 12 28J508 09/24/85 6.88 ST PAUL BOOK COMMODITIES 23 -4500- 610 -61 280508 09/24/85 6.75 ST PAUL BOOK GEN SUPP 23- 4504 - 611 -61 280508 09/24/85 ' -" -- - -{ 7.40' ST PAUL BOOK". - - - -- - - CRgFT SUPPLIES__ _' 23.4588- 616 -61 ` - - + 583.71 • I 2bC516 1;/01/85 - 49.49 SEARS ROEBUCK GEN SUPP 10- 45 ^.,4- 560 -56 ` 'I'I 2b2151 -- 1)/01,/85 - - - - -`_ 14.42 -`.._ - -SEARS ROEBUCK - '_'T - -'-TOOLS - �- 10- 4580 - 301 -30 .- 260516 13/0.1/85 66.74 SEARS ROE3JCK TOOLS 10- 4580 - 560 -56 287.516 ?.9/30/85 135.26 SEARS ROEBUCK TOOLS 40 -4580- 801 -80 N'I 265.91 r _ - _ �... _ dto I+ r +_ #iaara + 283.526 11/02/85 19338o46 TRACE OIL CO GASOLINE �- - 1,338.46 # a + 7 •af►af 2b3537- '"1� /C 1,/85 - - -- -- 297.Q0 �TEX64S COtP__ 297.33 280531 10/011e5 _ 127.68 AMMONIA H ^USE `- 280531 09/24195 264.44 AMMONIA' HOUSE a+ 287531 09/24/85 270.32 AMMONIA: HOUSE 662.44': GEN SUPPLIES 10-4612-560-.56 10- 4504 - 301 -30- - - - - -- - CUNT REPAIRS 28- 4248 - 707 -70 CONT REPAIRS 28- 4248 - 707 -70 CONT REPAIRS 28- 4248 - 707 -70 * ++- CKS * **-CKS * ** -CKS ` *+ *'CKS + *+ -CKS **►-CKS 27.95 + 1985 C. JF EDINA i CHECK N1. DATE 474.)0 200'53 7 10 /01 /85 • f f t i f f 280548 79/24/85 96.30 29D572 39/24/85 96.30 • 26"572 1:/02/85 113.55 2-1^572 1.!/ ^2/85 • 20' 512 1 J /.12/85 s fftiff PAPER SUPPLIES 527.50 263579 1',/02/85 19810.68 • 2L]579 1 /?1,/85 110.72 2 -)579 1 /02/45 67.30 2--3579 1J /02/85 31.63 2o)579 1C /C'2/85 s' WILLIAMS STEEL -HDW-r TOOLS 66.63 26:.588 X9/24/85 • 28]588 09124/85 6.54- 28]509 u9/24/85 A # t f t t t OFFICE SUPPLIES 21.64 2815 F2 09/24/F5 28x582 C9/24/85 28J562 09/24/85 a 28.0532 19/24/85 2P35R2 09/24/85 •j # t ► f # i 28'594 09/24/85 � f f f f • • 280603 09/24/85 rl i I f # f f ► # 201,613 10 /01/85 I � ' f f f f f♦ y 27.95 + CHECK R TER AMOUNT VENW ITEM DESCRIPTION 474.)0 TP•I STATE DRILLING REPAIR PARTS 474.'0 • SMITH CO 96.30 CITY WEST PRINTING 96.30 • 314.96 GORDON 113.55 VAN PAPER CO GEN SUPPLIES 517.38 VAN PAPER CO PAPER SUPPLIES 652.25 VAN 3APIER CO PAPER SUPPLIES 527.50 VAN CAPER CO PAPER SUPPLIES 19810.68 • 39604.16 + 110.72 WILLIAMS STEEL -H3W_ GEN SUPP 67.30 WILLIAMS STEEL -HOWE GEN SUPPLY 31.63 WiLLIA4S STEEL -HDWE GEN SUPP 206915 WILLIAMS STEEL -HDW-r TOOLS 66.63 WILLIAMS STEEL-HOWE WELDING SUPP 482.43 + 6.54- ST PAUL BOOK CREDIT 13.85 ST PAUL BOOK OFFICE SUPPLIES 21.64 ST PAUL -BOOK OFFICE SUPPLIES 27.95 + frf• CKS CORRECTION 314.96- GORDON SMITH CO 314.96 GJRD04 SMITH CO 290.94 GORDON SMITH CO 314.96 GORDON SMITH CO 344.70 GORDON SMITM CO 950.60 + +•• CKS RANGE BALLS ^`- 31604.16 STORE FRONT 39604.16 + GEN SUPPLIES 10 -45 ^4- 318 -30 194.28 WITT'K GOLF SUPPLY 194.28 + 121.60 MCNEILUS STEEL 121.60 1 C -] 7 -85 .;E 15 ACCOUNT N09 INV. # P.O. 4 M =SSAGE 10- 4540 - 803 -80 • *• CKS 23 -4600- 610 -61 tf #- CKS 10 -4504- 520 -52 50 -4514- 822 -82 50- 4514 - 842 -84 50- 4514 - 862 -86 ***-CKS 10- 4504- 301 -30 10 -4504- 322- 30 10 -4504- 322 -30 10 -4580- 301 -30 10- 4610 - 560 -56 10 -4574- 646 -64 10- 4516 - 140 -14 10- 4516- 6f)0 -60 f fr•• CKS frf• CKS CORRECTION 10- 4612 - 662 -66 GASOLINE 1C- 4612- 662 -66 GASOLINE 27- 4612- 662 - 66 GASOLINE 27 -4612- 662 -66 GASOLINE 27- 4612 - 662 -66 ***-CKS SERVICES 10- 4224 - 504 -50 +•• CKS RANGE BALLS ^`- 27 -463E- 663 -66 +•+ CKS GEN SUPPLIES 10 -45 ^4- 318 -30 f fr•• CKS 1985 CITY OF EDINA CHECK REGISTER 1C -J7 -85 PAGE 16 CHECK NO. DATE AMOUNT VEN002 ITEM DESCRIPTION ACCOUNT N0. INV. N P -0. N MESSAGE 281616 :.9/24/85 328.74 MILLI *ORE CORP GEV SUPPLIES 10- 4504 - 482 -48 328.74 ---- II' + ++ -CKS ` to +•+aa+ _ 280704 09/24/85 729.50 OR STUART 8 ROSS CONT SERV 27- 4200 - 660 -66 ° 720.50 + Icl 289705 09/24/85 19990.76 LABOR RELATIONS ASSO CONT SERV 10 -4200- 160 -16 1 9990.76 + I 28J706 79/24/85 21.00 FRED VOGT 8 COMP REFUND 10- 3130 - 000 -00 ' 21 .00 • lI'I 28J7 ^7 09/24/85 162.30 VALL =Y VI =W ASSOC REPAIR PARTS 26 -4540- 689 -68 ^I _ 162.30 + IT 280708 19/24/85 244.86 SHARON AAD4LEN CONCESSIONS 10- 4202- 480 -48 244.86 + = 280709 09/24/85 187.71 VIRGINIA 4 :COLLISTER HEALTH CONFERENCE 10 -4202- 480 -48 187.71 + - 280.711. 79/24/85 110.50 CUSTOM POO:S REFUND PERMIT 10- 3095- 000 -00 ° i_ 110.50 + - tl 280711 09/24/85 11.50 HENNEPIN COUNTY DEPT POSTAGE 10- 4290 - 510 -51 11.50 • ' 3zI 28).712 09/24/85 179.79 CITY OF RICHFIELD POWER 10 -4252- 345 -30 179.79 • -� 289'713 09/24/85 1 X421.86 FEED RITE CONTROL WATER SUPPLY 40- 4622- 805 -80 1 9421 .86 + - ' 289.714 09/24/85 125.70 LAKEVIEW = LECTRIC EQUIP MAINT 27 -4274- 662 -66 125. ?0 + a 280715 0.9/24/85 233.30 ED KIA--MEI B SONS CLASS V MATERIALS 10 -4532- 646 -64 233.30 • L" 280116 09124/85 121.54 THE SAT- TERLEE CO GENERAL SUPPLIES 10 -4504- 560 -56 .� 121.54 -281- 717 09/24/85 167.00 GOPH =R OIL COMPANY PARTS 10 -4620- 560 -56 48 I^ 167.80 • 281118 09/24/85 397.30 ROLLIN B CHILD INC REPAIR PARTS 10- 4540 - 390 -30 - ! 390.?0 • n. 287'719 09/24/85 98.77 FRISCO GEN SUPP 10- 4504- 301 -30 e 98,07 + 280120 09/24/85 144.39 HALL SIGNS INC SIGNS POSTS 10 -4542- 325 -30 j`'' 4965 C )F EDINA CHECK F TER 1C -37 -85 GE 17 CHECK NO. DATE AMOUNT V -_NDO1 ITEM DESCRIPTION ACCOUNT N0. INV. N P.O. 4 MESSAGE - - - -- -- - -- -- -- -- -. 144.39 • , 287721 119/24/85 93.50 E R BERG 3 ASSOC REPAIR PARATS .. -. -40- 4540 - 801 -80 93.53 * °I 80722-- - - -- 09/24/85 ----- - -- -'° 3.7(j-- ROBERT CLABO "` -- - -- -LID INVEST-------- ­10- 3038 - 000 -0G ° 280722 09/24/85 1D.00 ROBERT CLABO CONF FEE 10 -4202- 460 -46 28).722 !?9/24/85 40.75 ROBERT CLABO PARKING 10 -4206- 420 -42 28;722 39124/85 14.32 ROBERT CLA30 GASOLINE ' -10 -4208- 420 -42 _ 261.722 09/24185 600 it0FERT CLASO VEHICLE RES 10- 4274 - 420 -42 1_! 28J722 09/24/85 10.33 POBERT CLABO SUPPLIES 10 -4504- 420 -42 - 280722 09/24/85 18.70 - ` - ROBERT CLABO -- TARGETS - -" - - -'- "--10 -4572- 420 -42 _ •I 103.60 + ^� 280.723 09/24/85 M3.70 KELLY SERVICES CONT SERV y - "10 -4200- 490 -49 280.)0 -191--.-2 -8)1724 -- 09/24/85 �- --�- - - - - -- 102.50- ----PAT JOHN SEYKO - - -- - BICYCLE - SAFET! Y -` 10- 4120 - 438 -42 r 'ul 102.50 + ' =I 260715 79/24/85 31.25 NARK SOHOELLER BICYCLE SAFETY - 10 -4120- 438 -42 1-- 31.25 + _ 260726 -- 559/24/85 _- ._y- 179.74­_--­T_XEROK MRP -- - "- -CONY SERV- _- "'-- -- -10- 4200 - 510 -51 - - 179.74 • 283727 09/24/85 - 500.70 LAKELAND FLORIST CONY S E R V _ -� _ -- - -- 10 -4200- 500 -50 -, 500.00 * 283.728 09/24/85 - - - -- 49.75 -_ PRINT SMOG- �-- "--- " --- - -- ADVERTISING --- - - -50- 4214- 822 -82 .,I 283728 09/24/85 49.75 PRINT SHOD ADVERTISING 50- 4214 - 842 -84 � 280.728 09/24/85 49.75 PRINT SHOP ADVERTISING 50- 4214- 862 -86 149.25 _ 281:729 09/24/85 10000 HENV CITY PUBLIC RE PRINTING 10 -4600- 510 -51 10000 -- - - -- -- - - - - --- 2.08 311 09/24/85 159.00 BOBS CUSTOM CABINETS PARTS 27 -4620- 662 -66 - - 159.)3.. - _.__. �* 280731 09/24/85 68.08 MERWYN YA_ <ER MILEAGE 27- 4208 - 660 -66 ., -- - - -- • .. -- - --- __. -_ -_ 68.38 • - ---- - '280.732 79/24/85 514.84 FOX VALLEY SYSTEM LUMBER 10- 4604- 260 -26 ` I, - 514.34 - 281.753 09124/85 222.64 AMERICAN BAKIERIES CONCESSIONS 27- 4624- 684 -68 280,734 ._ 09/24/85 1.493.00- KOHLER- MIX•SPEC CONCESSIONS 26- 4624 - 684 -68 _ - .__-.. r 1,493.00 • - . _ _.. _ . .. - -- 11 28)]35 09/24/85 940.00 TWIN CCTY TREE TRUST LUBER 10- 4604- 646 -64 w''_.- 280736 _ 09/24/85 �� = 422.68 >. SHER[F ;-S )_1'T ROOM 8 BOARD - 10- 4286 - 220 -22 1985 CITY OF EDINA CHECK REGISTER 1C -07 -85 PAGE 18 CHECK NO. DATE AMOUNT VENDOR ITEM DESCRIPTION ACCOUNT NO* INV. A P.O. p MESSAGE _ . (s 422.68 * �•� 280 73 1 09/24/85 19039 -'_0 DICTAPHDN= CDRP SERVICE CONT �10 -4288- 420 -42 C.. 1 9030.10 * 'r 200 73 8 U9/24/85 525.10 HENN CTIV TREASURER - RUBBISH REMOVAL ' -- __10___4250.353-3o___'__ 525.10 * of 281.739 09/24/85 62*16 EDINA ATHELETIC ASSN REPAIR SCORE80ARD 10 -4248- 646 -64 62.16 * +�I 289'740 09/24/85 57.15 LANCE - CONCESSIONS - - - "-27- 4624 - 664 -66 4 57.15 * 280741 09/24/35 85.-3 D CARNEYS (I=FICE FURN GEN SUPPLIES v 10 -4504- 470 -47 85.00 * 0260742 13 /01./85 - - -- 333.78 - HILB ART DRAFTSPLY - - INVENTORY SUPPLY -- -23- 1209 - 000 -00 `I 28IJ42 09/24/85 331.96 HILB AR? DRAFTSPLY INVENTORY SUPPLIES 23- 1209- 000 -00 �s 28374Z 0,9/24/85 235.15 HILB ART DRAFTSPLY INVEN SUPPLY 23 -1209- 000 -00 901.99. _ . _280743 - -- 09/24/85 85.00 MRPA DUES 10- 4204 - 600 -60 z . -- 85.70 * - - - -- _. • ;'' 230- 744 19/24/85 41,272.95 MINNEHAHA CREEK CONT SERV 10- 4200 - 358 -30 49272.95 .. _ 28)'745 09/24/85 11 1,288.1.0 PIRKL ASSOC CONSTRUCTION 27- 1300- 000 -00 119288.00. t _ -__ -_,_ -- - - - - -- -- - - . 280746 09/24/85 369229.38 DIR PROP:RTY TAX TAXES w 10 -1315- 000 -00 28PI46 _9/24/85 797. R2 DIR -IKOP =RTY TAX TAKES 27- 1315- 000 -0 281 :146 )9/24/85 354.48 DIR PR- OP.RTY TAX TAXES 40- 1315 - 000 -00 280746 ^9/24/85 264.73 DIR PR'.OP_RTY TAX TAXES 50- 1315 - 000 -00 37 � -- •- 37x646.41 _ 280'747 09/24/85 339.60. RTW INC, _ CONT SERV _ 10- 4200 - 510 -51 26 -1747 :19/24/85 479.40 RTW !N: C014 SERV -' - - 10 -4200- 510 -51 aIa' 283.747 09/24185 375.330 RTW IND COPT SERV 10- 4200 - 510 -51 .: - -- - - -- 19194.00 + 2801748 09/24/85 170.28 CORY FOOD SERVICE CONCESSIONSS 28 -4624- 704 -TO - „�- 170.28 e'I 28r749 79/24/85 37.15 JOEL RaDJ_NOVICH JUROR DUTY 10 -4206- 440 -44 280'749 09/24/85 21.50 JOEL RA 'OJ"NOVICH MILEAGE 10 -4208- 440 -44 - - -._- -- - -.. - -- - ..---- - - - - -- --._ - --------- - - - - -- -- �a4� _ -- - - -- 58.75 * - - ? Imo' 280750.. 09/24185 216.20 IBM OFFICE EQUIPMENT �f �3 216.00 * _ �ORP E 10- 4906- 500 -50 _ _._ - __. s 280751 - 09/24/85 186.89 R V ASSOCIATES GEN SUPPLIES 10- 4504 - 520 -52 c - - - -• -- 3! �* - _ _.280752 09/24/85 43.72 LOUIS.A'BR4HAM MILEAGE 40 -4208- 806 -80 _ ` 1 19F 5' c o or cnImA " ^ ^ c cwccn F . .rcn I I C~0 7~8 5 oc vy -] cxccn w wn° oA7c x xmmumT x xswo0 z z7cn ocscnIp/Iom A AnooumT wn° zmw° w w p°n° o nsasxwc 2 4 43.72 _ - - 2831754 0 09/24/85 3 31 *75 V V'�DEJ ?tIOW-ST C CABLE TV 1 10-2149-000-00 _ - _28�756­ 0 09/24/85 3 315o30 T TESSMAN S_-T_D S SEED 1 10-4 5 68- 642- 64 31 5.7D - 263757 0 09/24/85 9 926.40 P PAM OIL P PARTS 1 10-4620-560-56 - 2c 1 1 9082.32 _ - -- 8 88.55 T TRANS -~., .^.^ SALES _ T TIRES .~~^. + +.-°~'._",.-"" ,. °^°-cns � 28176n 0 09/24/85 7 730°70 --- A AM T--_cpx34c u,o7cm - -rsLcpxwmc-------- - --27~*2 56-66 3+66 � 730.70 280761 0 09/24v85 - -'--ar°sn '------mmmcxu-mr-wxT L L----------'000n ~ 67.50 ° r^� 263762 0 09v2*,185 7 703.3.0 ---'Sponrn44m x xcLoxorwo ' '---xmnumzrzom----------- , ,U~4s7a - *20-4a ! ~. ° rno.no . '. . 2801763 0 09 v24x8 5 ' - - - --- 90 900 -----'nm-Soc%C7v- O OF- Cpum C CnmrEncmcE---------'---7D~42oa~v6D~va - - 5 70,000.30------ p pmor oxmm npLm - --- omxon PAYABLE -'---' 2 28~20*0~000-00 ~ s s 1 19860°60 r rIaar oxmK mpLs z zwvcncoT w eomoo 2 28~4300~706~70 71 9860.60 1985 CITY OF EDINA CHECK REGISTER �I CHECK NO. DATE AMOUNT V =4002 ITEM DESCRIPTION 1C -07 -85 PAGE 23 ACCOUNT N0. INV. 9 P.O. 0 MESSAGE 280769 09/30/85 16 *70 NULLS CARGO CONTROL GEN SUPPLIES 10- 4504- 301 -30 16.70 • 261f77. 1)/01/85 183.10 CFRT AYDR4ULICS SPEC REPAIR PARTS 180.00 •- - -- - - a "I 283771 09/30/85 25 *32 CUMMINS DIESEL SALES REPAIR PARATS 25.32 • = 280771 9/30/85 66.20 WEST WELD GEN SUPPLIES 66920 . - - - -- -- 10- 4540 - 560 -56 10- 4540 - 560 -56 10- 4504 - 560 -56 2sT773 1)101/85 3 *25 RC I):NTIFICATIONS GEN SUPPLIES 10- 4504 - 420 -42 10- 4540 - 560 -56 40- 4540 - 560 -56 -- - 40- 4540- 560 -56 40- 4540 - 803 -80 10 -4504- 325 -30 280176 1)/CL/85 93.40 21P " NN GEN SUPPLY 10- 4504 - 353 -30 93.40 , - -- - -' 2bO177 1)/01/85 A 172.50_ NW S:RV STATION EOP REPAIR PARTS 200178 13 /C1 /85 100.46 - COPY DUPLICATING GEN SUPP 100.46 Ti 287179 1:x/01/85 - , _ 269.85 , - LAKELa*O FORD TRUCK - REPAIR PARTS 269 *85 : - ___ -�_ 10- 4540 - 540 -54 10- 4504 - 540 -54 10- 4540 - 560 -56 280780 1)/0.1./85 1 60.)0 LISA JOHN30N REFUND FOR SHELTER 10- 3230 - 000 -00 60.00 •. -_ ._ f 4 I+ 260781 10/01/85 35.00 TERR =NCE KEHOE REIMBURSEMENT •� 35.30 • - -_ __ ._ __. _-- _ 10- 4202 - 440 -44 280.782 11/02/85 236.35 T 8 C FIREPLACE CTR CONSTRUCTION 10- 2220 - 000 -00 236.35 * ' 26D783 1^,/02/85 24 *50 FRANK J 2IMBONI B CO CONT REPAIRS 20183 13/02/85 -�-' 772.40 - - -- -FRANK J Zi480NI 8 CO- __ -CONT REPAIRS-- - le1l 796.90 • e 28- 4248 - 707 -7C 28- 4248- 707 -70 SI 2807F4 15/01/85 3.25 * CUSTOM FIRE APP EQUIP MAINT �- 10 -4274- 449 -44 D ^ 263784 2o0f 74 1' /01 /85 416.13 N AUTOMOTIVE CO REPAIR PARTS r� 2b3f74 1)/01/85 _ -- -- 76.17 N AUTOMOTIVE - _ CO T REPAIR PARTS :080 .90 2oC174 1.1/01/85 76.17- N AUTOMOTIVE CO CORRECTION 287174 1)/01/85 76.17 N AUTOMOTIVE CO REPAIR PARTS LAKE RESTORATION INC CONT SERV 10- 4200.358 -30 492.30 �I. 280175 13/01/85 130.35 ASHLAN3 CHEMICAL GEN SUPPLIES z 130.35 , - -- -- -. �r 10- 4540 - 560 -56 40- 4540 - 560 -56 -- - 40- 4540- 560 -56 40- 4540 - 803 -80 10 -4504- 325 -30 280176 1)/CL/85 93.40 21P " NN GEN SUPPLY 10- 4504 - 353 -30 93.40 , - -- - -' 2bO177 1)/01/85 A 172.50_ NW S:RV STATION EOP REPAIR PARTS 200178 13 /C1 /85 100.46 - COPY DUPLICATING GEN SUPP 100.46 Ti 287179 1:x/01/85 - , _ 269.85 , - LAKELa*O FORD TRUCK - REPAIR PARTS 269 *85 : - ___ -�_ 10- 4540 - 540 -54 10- 4504 - 540 -54 10- 4540 - 560 -56 280780 1)/0.1./85 1 60.)0 LISA JOHN30N REFUND FOR SHELTER 10- 3230 - 000 -00 60.00 •. -_ ._ f 4 I+ 260781 10/01/85 35.00 TERR =NCE KEHOE REIMBURSEMENT •� 35.30 • - -_ __ ._ __. _-- _ 10- 4202 - 440 -44 280.782 11/02/85 236.35 T 8 C FIREPLACE CTR CONSTRUCTION 10- 2220 - 000 -00 236.35 * ' 26D783 1^,/02/85 24 *50 FRANK J 2IMBONI B CO CONT REPAIRS 20183 13/02/85 -�-' 772.40 - - -- -FRANK J Zi480NI 8 CO- __ -CONT REPAIRS-- - le1l 796.90 • e 28- 4248 - 707 -7C 28- 4248- 707 -70 t E M 4 5 SI 2807F4 15/01/85 335.70 CUSTOM FIRE APP EQUIP MAINT �- 10 -4274- 449 -44 D ^ 263784 1] /C1 /85 415.90 CUSTOM FIRE APPi EQUIP MAINT 10 -4274- 449 -44 s 260184 13/01185 333920 CUSTOM FIRE APP GEN S UPP 10 -4504- 449 449 -44 :080 .90 _ - - -- -- -- ------ _ _. --- a ?� 28D785 10/02/85 19004 *00 LAKE RESTORATION INC CONT SERV 10- 4200.358 -30 t E M 4 5 1995'C: )F EDINA CHECK R TER 10 -31 -85 ;E 21 CHECK NO. DATE AMOUNT V =NDOR ITEM DESCRIPTION ACCOUNT N0. INV. N P.O. >t MESSAGE _ _� 283;785 1:1/02/85 942.50 LAKE R= ST0IATION INC CHEMICALS 10- 4564.358 -30 19946.50 • �I 2b:I86 13/02/85 1.680.00 MGA COMP HANDICAP 27- 3470 - 660 -66 - 19680.30 • n� 260187 1]/CZ/85 60.00 ROPEIT C KINGHORN C04T REPAIRS 10 -4248- 646 -64 "I 60.00 _ 260788 1]/02/85 383.53 MOREAU SANKEY CONFERENCE 10 -4202- 200 -20 383.53 + 263!789 1.i 102/85 39430.87 HENN CTSY TREASURER ROOM 8 BOARD 10- 4286- 220 -22 ^� 39430.87 • - 2b] /90 1J /C2/85 100.00 FIRE DEPT PETTY CASH START PETTY CASH 10- 1030 - 000 -00 I1v 100.30 • 283791 1,3/02/85 204.96 DIANE KlDOL: CONFERENCE 10- 4202 - 200 -20 204.96 • _ I9) 2b0792 1C/C1/85 106.63 PHYSIO CONTROL 1ST AID SFLY 10- 4510- 440 -44 106.63 • 260793 1J/01/85 79.80 NATIONAL <IRE FIRE PREVENTION 10- 4650- 440 -44 - 79.83 • 260794 13/01/85 190000 LEROY LISK CLEAN SPLY 10- 4512- 440 -44 190.00 _ -- - -- �- _ - - -� 28?1I95 19/111./85 210.20 PAUL- <ENNc3Y MATCHES 27- 4214 - 660 -66.- 263.795 1)/71/85 21009 PAUL KENN_7Y MATCHES 50 -4214- 822 -82 i 267'795 1t; /r1 /85 210019 ` ` PAUL KENN_DY '_. _ _ __.: • -- HATCHES 50- 4214 - 842 -84 - f "I 200795 11/01/85 210.19 PAUL KENN_DY MATCHES 50- 4214 - 862 -86 840.77 • 260796 10 /C1, /8! 19690.]3 POUCHER PRINTING DUE FROM 'HRA 10- 1145 - 000 -00 v ! 263796 1]/ ^1/85 394.10 POUCHER PRINTING PRINTING 10- 4600- 660 -66 Il 29084.0 . _ _... -_ +� 263797 11/01/85 - - - --- -- 6.DQ IAIA GEN SUPPLIES 28- 4504 - 708 -70 280798 1;, /O1 /85 29534.20 HENNEPI'N COUNTY RUBBISH REMOVAL 10- 4250 - 353 -30 n 29534.20.• ._..__._...... ._ ._.. �- 262799 1:i/01185 897.47 CARLSON MJORUD ASSO CONSTRUCTION 27 -1300- 000 -00 - - -- - 47-: 2b]800 IC/01/85 109.00. ANDY SOUTH AUTOMOBILES 10- 4908 - 470 -47 34 - .. ....._,_..___..109.00 ..---- .__.__...___ -. ...._- - - -. --- .___.....__�...-_.- _.. Rl 263801 13/01,/85 163.40 DAVID 81007 UNIFORM ALLOY 10- 4266- 421 -42 �„ - -- ---- _---- --�- -- 163.40 • ---_- _.- __- - - - ___ - -- .. _ sc 7_ 283802 13/01,/85 _ - 63,90,­ EDINA PET HOSPITAL - _��KENNEL SERV ��� �_ 10- 4278 - 470 -47 383.20 + 2b3807 1] /0.1/85 15.55 BLACK V DECKER GEN SUPP 10 -4504- 646 -54 15.55 + s 1985 CITY OF EDINA 1j/OU/85 CHECK REGISTER NATIONAL ARBOR DAY 10 -07 -85 PAGE 22 L0l -n!260808 26380.8 13/01/85 1.]D NATI34kL ARBOR DAY DUES CHECK N0. DATE AMOUNT VEND02 ITEM DESCRIPTION ACCOUNT N0. INV. # P.O. R MESSAGE CORRECTION 10- 4204 - 600 -60 10.?0 + 11 60.00 + 260803 1]/01/85 90.70 CJRT FINCH REIMBURSEMENT 1D- 4504 - 470 -47 1]/02/85 ' 6 IMPRINTERS GEN SUPPLIES 90.00 * -r�� ._ � _ 8C�4 -� _ - - 13 /01185 - -- _ - - -_ 48935 K B K DODR SrSTcMS- -_.._ T -- GEN SUPPLIES _ _.-_ - 104 504- 375 -30 F-263 48.38 + 7 - 26081 _ 10/02/85 1 26J8C.S 13/01/85 214.30 N30N I6 SAEET METAL GE4 SUPPLIES - _10 -4504- 646 -64 85.77. _ 214.00 + :I i 26380.6 -- -1 ^/01/85- _ 383.20 GARY SMIEJA-__-GEN SUPPLIES_- __ -10- 4504- 646 -64 - - 383.20 + 2b3807 1] /0.1/85 15.55 BLACK V DECKER GEN SUPP 10 -4504- 646 -54 15.55 + s 1j/OU/85 1 ^.30 NATIONAL ARBOR DAY DUES �'- -- '10- 4204- 600 -60 -n!260808 26380.8 13/01/85 1.]D NATI34kL ARBOR DAY DUES 10 -4204- 600 -60 X21 203808 13/ ^1,/85 1.00- NATIONAL ARBOR DAY CORRECTION 10- 4204 - 600 -60 10.?0 + er 2SU809 1]/02/85 15.00 IMPRINTERS GEN SUPPLIES 10 -4504- 510 -51 -r�� T.�._.. -__ _ ___ ._._- __ -_ -- - - - -• - ., _ _. z 7 - 26081 _ 10/02/85 85.77 AQUA EAIGIMEERING PLANTING TREES 50 -4560- 841 -84 85.77. _ __263:81 1 10/02/85 31.50 PAPE1 THERMOMETER CO LABELS 10 -4504- 480 -48 281.812 10/02/85 46.54 TWIN CITY ELEVATOR CONT SERV 10- 4200 - 520 -52 46.54 • __ .... ` 287813 11/02185 227.54 ED KIAEMEt 8 SONS CLASS V MATERIALS 10 -4532- 646 -64 -- -•- -- 227.54 -+ - - - -- -- 280814 1/02/85 14.39 ADT CONT SERV 10- 4200 - 500 -50 14.39 - 280815 13/0.2/85 29069.50 DEB= HEYSEL PROF SERVICES 10 -2235- 000 -00 29069.50 • - - y 28U816 10/02/85 75. ^0 MAGNUSON_500 SOD B BLACK_CIRT 10- 4562- 642 -64 I' 2bD816 13/02/85 78.75 _ _ - MAGNU30N SOD SOD 8 BLACK DIRT--'- - 40- 4562 - 803 -80 153.75 + ^P�- 28CB17 - - -- 13/02/85 ---- -• - - -- 1x831.16----- _-- ..ROSCOE _T_ 'STRGAR- - CONSTRUCTION 60- 1300- DO2 -12 - yx 19831.16 + c,l s: +�.... + + + -CKS Y ss 287.819 _1]/02/85 -" 1.650.33 BRW_ CONSTRUCTION 60 -1300- 177 -03 280.51$ 1]/02/85 30.313 STATE TREASURER PERMIT b . 19u5rc IF cmzmA - ' ^ coccm m rcn 10-3 7~8 5 ;c as , ' c*ccx mu° oxrc xnnumr Vcmon� zmcn ocuCnzprzwm xcCoumT mo° zmV° w p.o° w ncss^ss --_ - _ -'-__ -__- - 1n/na xxs _ ��sy V ^ pnocm�n E cxEM- zcALo �26-4564~689~68 1*s.o0 - 1c1uzxos 625.93 oIn�oroa o� Paopcprr spcc «nacuocwcwr v0~4vaa~oom~su ----- '- -----'--- 625 93 �'----- ---- -- -- ------'--- --'------�_� - - -- ~ 1C/02/85 *5n ° 0O ° mx 7zn �w� pwnn u CONFERENCE ���420*~ 0o *o 4»u°11 ' - 1nvn�vm* 113.28 x� rmosLcn ocxx pxnro Io~4*20~5*0~56 - --' 113,28 -'--- -- -- - '- ----'------------r----- -- ~^^-cxo 2359815°41 - puvo vn rorxL - wcmcnxL pumo ---- ----- - 1,2*x.59 puxn an TOTAL ^xr osmTcn 39125.56 puxo 26 TOTAL ywxmmzws pooL pumo z7,coz'44 '— --- — i7935g~R9 -- puxn or ror^L -- - -GOLF cmunsc Fumn ------ -------' ' - 74,825°21 puwo oV rnrxL mc-�mcorIow cox7cn romn oo°v5s°oo ruwo oo xor^L urzLzTn rLmo itz -' ' s,n+r.vO — - ruwm 58 TOTAL ' LImuon oznpcnuxnv rwwn--'-- �' 21 9966°61 puwn on TOT AL commrnucrzum pumn ' sys"»mo°�o ruv� ms Tmro� �mp aumo ncocnprzmm rumo' ' �� � � � � _ � � ' | rorwc |�| 714,455,25 - - � Computer checks Vs oa000 7/ txru oo»or _ - -- - ------'-- '---'----- '----------------- ----- ` *pPnDV'.- � - - '-- —'------ --- -----------'--------' � - x�c�. . ` � - ' - - -- - — - ' ------------ --- — -- '-- �n� � ' --- / ----- '------- --------- -'r_-------- ' �jlr-1 ---n��--- - \.� |~.