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HomeMy WebLinkAbout1989-03-20_COUNCIL PACKETAGENDA EDINA HOUSING AND REDEVELOPMENT AUTHORITY EDINA CITY COUNCIL REGULAR MEETING MARCH 20, 1989 7:00 P.M. (Convene Joint HRA /Council Meeting) ROLLCALL I. APPROVAL OF HRA MINUTES OF MARCH 6, 1989 II. AWARD OF BIDS - CENTENNIAL LAKES PHASE I - UTILITIES III. COMMUNICATION - 50TH & FRANCE BUSINESS AND PROFESSIONAL ASSOCIATION IV. ADJOURNMENT EDINA CITY COUNCIL RESOLUTION OF COMMENDATION - Edina High school 1988 -89 Hockey Team I. ADOPTION OF CONSENT AGENDA ITEMS. All agenda items marked with an asterisk ( *) and in bold print are considered to be routine and will be enacted by one motion. There will be no separate discussion of such items unless a Council Member or citizen so requests, in which case the item will be removed from the consent agenda and considered in its normal sequence on the agenda. * II. APPROVAL OF MINUTES of the Regular Meetings of December 5 and 19, Special Meetings of December 5 and 13 and Year -End Meeting of December 29, 1988. III. PUBLIC HEARING ON PROPOSED IMPROVEMENT. Affidavits of Notice by Clerk. Presentation by Engineer. Public comment heard. Motion to close hearing. If Council wishes to proceed, action by Resolution. 3/5 favorable rollcall vote of all members of Council to pass if improvement has been petitioned for; 4/5 favorable vote required if no petition. * A. Sidewalk Improvement P -S -46 - Xerxes Avenue from West 60th Street to West 62nd Street (continue to 04/04/89) IV. PUBLIC HEARINGS AND REPORTS ON PLANNING MATTERS. Affidavits of Notice by Clerk. Presentation by Planner. Public comment heard. Motion to close hearing. Zoning Ordinance: First and Second Reading requires 4/5 favorable rollcall vote of all members of Council to pass. Waiver of Second Reading: 4/5 favorable rollcall vote of all members of Council required to pass. Final Development Plan Approval of Property Zoned Planned District: 3/5 favorable rollcall vote required to pass. A. Final Plat Approval - Fairview Southdale Addition - BTO Development and Fairview Southdale Hospital - Generally located east of France Avenue and north of West 65th Street * B. Set Hearing (04/03/89) 1. Year %V Community Development Block Grant Program V. SPECIAL CONCERNS OF RESIDENTS. VI. AWARD OF BIDS * A. One Million Gallon Fluted Column Water Tower * B. Van Valkenburg Park Recreation Building * C. Van Valkenburg Park Softball Field Fencing and Backstops Agenda Edina City Council March 20, 1989 Page 2 VII. RECOMMENDATIONS AND REPORTS A. Approval of Traffic Safety Committee Minutes of 03/14/89 B. MSP International Airport Expansion Studies C. Update - Purchase of White Oak Lot D. Insurance Renewals E. Heritage Preservation Board Appointments F. City /County /Property Owner Negotiations - Mavelle Drive * G. Utility Easements - 5017 and 5033 Vernon Avenue * H. Election Contract - Independent School District No. 273 * I. Beer License Renewals VIII. INTERGOVERNMENTAL ACTIVITIES IX. SPECIAL CONCERNS OF MAYOR AND COUNCIL X. POST AGENDA AND MANAGER'S MISCELLANEOUS ITEMS A. Traffic Enforcement - Halifax Avenue B. LMC /AMM Legislative Conference XI. FINANCE A. Award of Bond Bids 1. ' Resolution Relating to $5,300,000 G.O. Taxable Tax Increment Bonds, Series 1989; Awarding Sale, Fixing Form and Details, and Providing for Execution and Delivery Thereof and Security Therefor 2. Resolution Relating to $8,425,000 G.O. Tax Increment Bonds, Series 1989; Awarding Sale, Fixing Form and Details, and Providing for Execution and Delivery Thereof and Security Therefor 3. Resolution Relating to $1,760,000 G.O. Improvement Bonds, Series 1989; Awarding Sale, Fixing Form and Details, and Providing for Execution and Delivery Thereof and Security Therefor 4. Resolution.Relating to $2,100,000 G.O. Recreational Facility Bonds, Series 1989; Awarding Sale, Fixing Form and Details, and Providing for Execution and Delivery Thereof and Security Therefor B. Payment of Claims as per pre -list dated 03/20/89: General Fund $265,251.78, Art Center $5,524.02, Capital Fund $1,677.25, Golf Course Fund $13,971.34, Recreation Center Fund $72,036.00, Gun Range Fund $453.86, Edinborough Park $11,339.13, Utility Fund $17,399.46, Storm Sewer Utility $1,989.50, Liquor Dispensary Fund $69,928.15, Construction Fund $10,959.50, Total $470,529.99; and for confirmation of the following claims dated 2/28/89: General Fund $279,189.98, Art Center $1,338.62, Swimming Pool Fund $64.71, Golf Course Fund $12,829.32, Recreation Center Fund $14,314.90, Gun Range Fund $167.25, Edinborough Park $14,024.72, Utility Fund $24,230.51, Liquor Dispensary Fund $195,346.34, Total $541,506.35 SCHEDULE OF UPCOMING MEETINGS /EVENTS Tues Mar 21 Annual Dinner Meeting - Boards /Commissions 6:00 p.m. Braemar Clubhouse Mon Apr 3 Regular Council Meeting 7:00 p.m. Council Room Mon Apr 17 Regular Council Meeting 7:00 p.m. Council Room Fri Apr 21 Council /Edinamite Party Edinborough Park Mon Apr 24 Board of Review 5:00 p.m. Council Room Tues Apr 25 Annual All Volunteers Reception 5:00 p.m. Braemar Clubhouse MINUTES EDINA HOUSING AND REDEVELOPMENT AUTHORITY MARCH 6, 1989 Answering rollcall were Commissioners Kelly, Paulus, Rice, Smith and Richards. MINUTES, of the Joint HRA /Council Meeting of February 21, 1989 were approved as submitted by motion of Commissioner Smith, seconded by Commissioner Kelly. Ayes: Kelly, Paulus, Rice, Smith, Richards Motion carried. CONVEYANCE OF PHASE I CENTENNIAL LAKES CONDOMINIUMS AUTHORIZED. Executive Director Hughes recalled that at the last meeting the Council had asked for additional details concerning the Centennial Lakes Condominiums project prior to authorizing the conveyance of the Phase I condominium site. Specifically, the HRA requested details concerning the second mortgage program and sales policies. He summarized the requirements that have been imposed through the redevelopment agreements executed in October, 1988, as follows: HRA Requirements - 80% of the condominium units must be sold to low and moderate income persons. Low and moderate income presently defined as household income of $40,700 annually or less. East Edina Housing Foundation Requirements - Sales Terms: Principal amount of second mortgage cannot exceed 40% of sale price; Minimum down payment of 5% (may be less if approved by VA or FHA); Second mortgage amount is determined as if buyer first qualified for maximum first mortgage; Owner occupancy is required; Only units selling for $90,000 or less qualify for second mortgages; Edina preference (all things being equal, a buyer who lives, works or originally came from Edina is favored over another buyer). Second Mortgage Terms: Interest rate is 5% simple, non - compounded; Term of the second mortgage is equal to the term of the first mortgage; The second mortgage is assumable for the first five years of the mortgage; Monthly payments are not required but the principal amount.and accrued interest are due on sale of the unit. Special Foundation Policies: Co- signers or guarantors of the first mortgage are permitted, however, second mortgages are limited to $5,000 in such cases; Assets are limited to $25,000 excluding an automobile and down payment in order to qualify for a second mortgage; First mortgage refinancing is permitted without repayment of the second mortgage provided that no cash is realized from the refinancing. Director Hughes explained that within those broad parameters the housing developer then has the latitude to market the units and specifically design the mortgage program to fit certain buyers. Also presented were: 1) a pre- construction price list for the condominiums showing the array of units, unit types and floor areas; 2) the second mortgage matrix showing the various units matched up with the income characteristics of the buyers, and further matched up with the second mortgages proposed; and 3) the profile of individuals who have reserved units at Centennial Lakes to date. Member Kelly expressed the following concerns: 1) How do we know the second owner is a low /moderate income person on assumption of the mortgage, 2) Is an inspection made on a roll -over to insure that the property has been well maintained, 3) That the established 5% interest on the second mortgage is tracking with inflation, 4) That this was done to encourage young people to come back to Edina and that, philosophically, the second mortgage should be paid off before the owner goes on to something else, and 5) That the second mortgage money pool continues to build so that it could be used for an owner wanting to buy a single family home in Edina. In response, Director Hughes explained that on an assumption the buyer is required to complete an income certification worksheet that is presented to the Foundation based on the same qualifying characteristics as the original buyer had to furnish. The Foundation then has to sign an assumption agreement that allows the mortgage to be rolled over to the new buyer. If the new buyer does not qualify the second mortgage loan would have to be repaid. No inspection is made on an assumption of the mortgage. As to the 5% interest rate, the intent was to permit the assumption for the first five years from the date of the original second mortgage. After that the Foundation would want to review the terms again to see if new mortgages,to be issued should have a higher interest rate. Member Smith asked Larry Laukka, the developer, if any H.R.A. Minutes March 6, 1989 Page Two special planning has been done to provide for recycling by owners of the condominiums. Mr. Laukka said that they started the recycling program at Edinborough and that they plan to carry that into the Centennial Lakes development by locating trash areas in the garages in each of the buildings. Although it takes some educating, experience at Edinborough shows that recycling does work. Member Smith then asked Mr. Laukka if, as the developer, he could continue to watch to be sure that the units are maintained in good condition. Mr. Laukka explained that there are no provisions for inspection but that the market rate tends to take care of that. If, in fact, someone abuses their property it typically does not sell or would sell for something considerably less. There is no good answer except to franchise or license someone to come in prior to an assumption and do an inspection. Member Smith said he was concerned about two things, that there be earnings and not losses and that the moneys come back in to repay the debt initially and then the proceeds can be used to do other enhancements within Edina through the East Edina Housing Foundation. Mr. Laukka said there were two philosophical questions a few years ago, one of which was regarding the money coming back into the pool and was that good business. He said it was concluded that it was because it would create a mortgage pool for subsequent users whether they were in this development or some other one. The second question was should the City be in the posture of trying to make money on the second mortgages, e.g. should it be charging a market rate and have that pool grow. It was concluded that we should see that the integrity of the principal was retained but not be in the business to make money. Mr. Laukka said that could change if the Council so wished. Member Rice asked 1) Who looks at the second mortgage application on a re -sale, 2) Do the requirements imposed by the HRA and the East Edina Foundation parallel those of the Edinborough project, and 3) What servicing problems have experienced. Director Hughes replied that there is a servicing agreement with United Mortgage. They review the income certification worksheet and give an opinion as to whether the applicant qualifies or not. As to the requirements, they are identical to those of Edinborough. Servicing has been time consuming for staff in keeping up with questions that are asked, but in terms of technical problems with assumptions they have gone well. He added that with Centennial Lakes as units come on line the Foundation probably would be wise to look at hiring a parttime individual, e.g. a retired real estate broker, who would be familiar with the project and who could handle ombudsman type duties. Mayor Richards then asked for any comments or questions from the public. None being heard, Commissioner Smith introduced the following resolution and moved adoption: RESOLUTION RATIFYING AND AUTHORIZING THE EXECUTION AND DELIVERY OF VARIOUS 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, and have approved various amendments thereto (as so amended, the "Redevelopment Plan "). Acting pursuant to the Redevelopment Plan, the HRA has acquired certain land in the area included in the Redevelopment 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 March 7, 1988, the HRA approved the form of the Agreement and authorized any two officers of the HRA to execute and deliver the Agreement on behalf of the HRA with such modifications as were deemed appropriate and approved by the Chairman and the Executive Director of the HRA. Pursuant to such authorization the Chairman and Vice Chairman of the HRA executed and delivered the Agreement dated on or as of ?larch 14, 1988. Subsequently, by resolution dated September 12, 1988, the HRA approved execution and delivery by any two officers-of the HRA, on behalf of the HRA, of an Amended and Restated Land Sale Agreement ar.:s "r =- to Redevelopment between H.R.A. Minutes March 6, 1989 Page Three the HRA and Foundation with such modifications as the attorney for the HRA and Executive Director of the HRA should approve (the "Amended Agreement "). Pursuant to such authorization the Chairman and Secretary of the HRA executed and delivered the Amended Agreement dated on or as of September 30, 1988. In connection with the transactions contemplated by the Amended Agreement, it is now proposed that Phase I of the Condominium Development be commenced on the property described on Exhibit A hereto (the "Phase I Condominium Property ") and that the Phase I Condominium Property be conveyed pursuant to the Amended Agreement. 2. Ratification. The execution and delivery of the Amended Agreement dated on or as of September 30, 1988, by the Chairman and Secretary is hereby affirmed. 3. Authorization for Execution and Delivery of Documents. Any two officers of the HRA are authorized and directed to execute such instruments and agreements as may be required or be desirable to accomplish the conveyance of the Phase I Condominium Property pursuant to the Amended Agreement. The execution of such instruments and agreements by any two officers of the HRA shall be conclusive evidence of the approval of such documents by the HRA in accordance with this Resolution. EXHIBIT A THE HORSES AT CENTENNIAL LAKES PHASE I CONDOMINIUM LAND DESCRIPTION All that part of LOT 1, BLOCK 2, SOUTH EDINA DEVELOPMENT ADDITION, according to the recorded plat thereof, Hennepin County, Minnesota, described as follows: Beginning at the southeast corner of said LOT 1, thence on an assumed bearing of North 00 degrees 14 minutes 09 seconds West, along the easterly line of said LOT 1 for 100.00 feet; thence North 18 degrees 11 minutes 57 seconds East, along said easterly line for 47.23 feet; thence South 89 degrees 45 minutes 51 seconds West for 148.64 feet; thence North'45 degrees 14 minutes 09 seconds West for 35.67 feet; thence North 00 degrees 14 minutes 09 seconds West for 37.79 feet; thence South 89 degrees 45 minutes 51 seconds West for 143.93 feet to the westerly line of said LOT 1; thence South 00 degrees 14 minutes 09 seconds East, along said westerly line for 146.64 feet; thence South 35 degrees 08 minutes 34 seconds East for 154.42 feet to the southerly line of said LOT 1; thence North 56 degrees 15 minutes 46 seconds East, along said southerly line for 5.00 feet; thence easterly for 222.69 feet along said southerly line on a tangential curve concave to the south, radius 377.50 feet and central angle 33 degrees 47 minutes 55 seconds, to the point'of beginning. Dated as of the 6th day of March, 1989. ATTEST: Chairman Executive Director Motion for adoption of the resolution was duly seconded by Commissioner Rice. Discussion followed on the issue of whether or not the Council should recommend that there be an inspection of the property on a mortgage assumption or roll -over. It was concluded that the majority of the Commissioners did not support any type of inspection. It was agreed also that staff should bring back to the Council a recommendation if it felt there was a need for some type of administrative help with regard to assumptions. Chairman Richards then called for rollcall vote on the motion. Rollcall: Ayes: Kelly, Paulus, Rice, Smith, Richards Resolution adopted. H.R:A. Minutes March 6, 1989 Page Four EXTENSION OF OPTION FOR EDINBOROUGH OFFICE PHASE II APPROVED. Executive Director Hughes referred to a letter from Thomas W. LaSalle on behalf of the Edina Partnership (the Edina Partnership was the original development entity for Edinborough). Mr. LaSalle's letter requested an extension to the partnership's development rights for the Edinborough Phase II Office Site until at least December 31, 1989 and more practically until March 31, 1990. He explained that until quite recently, the Partnership believed that their development rights were in effect until March 31, 1992. Therefore, the Partnership has not appeared earlier to request the extension. The Partnership is presently working with Hawthorne Suites for the purpose of presenting to the City a proposal for an extended stay hotel on the site. It is expected that Hawthorne Suites will submit preliminary plans for Planning Commission review sometime in April. Staff agrees that the termination date as provided for in our redevelopment agreements is somewhat ambiguous. It is understandable that-the Partnership could have concluded that their option did extend until March of 1992. Staff believes that the requested extension until December 31, 1989 is reasonable and should be approved by the HRA. Commissioner Kelly said she would be concerned that, if in passing the land to Hawthorne Suites, the City would not be the benefactor; also that what the HRA had approved for the site was the office building. Director Hughes said that the transfer could not happen without a separate action by the HRA. Commissioner Smith asked if the hotel would be a use that is approved for the site. Director Hughes explained that two things would have to happen to permit that use: 1) Amendment of the Zoning Ordinance to permit the hotel use in the Mixed Development District, and 2) Approval of the Final Development Plan by the Planning Commission and the Council whereby the change for the site would be approved. Commissioner Rice said it was his understanding that there is no bargain here for the Edina Partnership because of the extension and that they are pursuing a development that many think would be beneficial. No further comment being heard, Commissioner Smith introduced the following resolution and moved adoption: RESOLUTION EXTENDING OPTION FOR EDINBOROUGH OFFICE PHASE II BE IT RESOLVED by the the Board of Commissioners of the Housing and Redevelopment Authority of Edina, Minnesota that it hereby approves extension of the option to March 31, 1989, for Edinborough Office Phase II; BE IT FURTHER RESOLVED that the Chairman and Secretary of the HRA be authorized and directed to execute such instruments and agreements as may be required to accomplish the extension. Motion for adoption of the resolution was seconded by Commissioner Rice. Rollcall: Ayes: Kelly, Paulus, Rice, Smith, Richards Resolution adopted. There being no further business on the HRA Agenda, motion was made Commissioner Kelly and was seconded by Commissioner Paulus for adjournment. Motion carried. Executive Director ° `�� REQUEST FOR PURCHASE En may,, TO: Mayor & City Council /HRA FROM: Francis Hoffman, City Engineer VIA: Kenneth Rosland, City Manager SUBJECT: REQUEST FOR PURCHASE IN EXCESS OF $5.00 DATE: 17 March, 1989 AGENDA ITEM II. ITEM DESCRIPTION: Company Amount of Quote or Bid 1. See Attached Tabulation 2. 2. 3. 3. 4. 4. 5. 5. RECOMMENDED QUOTE OR BID: Lake Area Utility Cont., Inc. $ 291,918.00 GENERAL INFORMATION: These projects are the installation of water main and sanitary sewer for Phase I of the Centennial Lakes Project. These projects will be assessed to Phase I land development and HRA as per the developer's agreements. The engineer's estimate for the project was $420,000.00. We would recom- mend award to the low bidder. 't Sig ure The Recommended bid is within budget not Engineering Department Kenneth Rosland, e March 15, 1989 11:00 A.M. BID TABULATION CITY OF EDINA. MINNESOTA CONTRACT # 89 -5 (ENG) CENTENNIAL LAKES PHASE I - UTILITIES IMPROVEMENT NOS. SS -380 (HRA), SS -381. WM -366 (HRA).& WM -367 BIDDER TOTAL Lake Area Utility Cont., Inc. $ 291,918.00 J. P. Norex, Inc. $ 294,364.75 Arcon Construction Company $ 298,713.07 S. M. Hentges & Sons. Inc. S 308,042.60 Glendale Contracting, Inc. $ 327,902.00 Holst Excavating, Inc. $ 334,145.50 Richard Knutson, Inc. $ 338,995.09 S. J. Louis Construction, Inc. $ 339,386.00 Burschville Construction, Inc. $ 339,570.30 Landwehr Heavy Moving, Inc. $ 340,306.00 Ceca Utilities, Inc. $ 344,421.20 G. L. Contracting, Inc. $ 356,671.60 Northdale Construction Co.. Inc. $ 363,005.90 Progressive Contractors $ 385,066.60 Rice Lake Contracting $ 386,870.25 Lametti & Sons. Inc. $ 387,196.00 F. M. Frattalone Exc. & Grading $-389,174.30 Ames Construction, Inc. $ 40i.105.36 Engineers Estimate $ 420,000.00 O, 1O y), REPORT/RECOMMENDATION To: Kenneth Rosland City Manager From: Gordon L. Hughes Assistant City Manager Date: March 20, 1989 Subject: 50th & France Commerc Area - 1989 Project Agenda Item # HRA III Consent ❑ Information Only ❑ Mgr. Recommends To HRA ❑ To Council Action. ❑ Motion ❑ Resolution ❑ Ordinance Eil Discussion _Recommendation: Continue until April 3, 1989. Info /Background: On February 24, 1989, staff met with a committee of the 50th & France ,Business and Professional Organization concerning a proposed public improvement project in 1989. The following project elements were identified: I. Tile paver replacement. Many of the tile pavers are in poor repair. The City of Minneapolis will be replacing the tile pavers on the East side of France Avenue with concrete material in the spring of 1989. The committee requested that Edina likewise consider the replacement of these pavers. 2. Lighting.' The committee suggested that the City investigate new pedestrian liohLirrg for the corner. 3. Landscaping. Some minor upgrading of landscaping was suggested. In addition. Lyre committee suggested that upgrades in street furnishing be considered as well as the refinishing of kiosks. 4. Signage. The committee suggested a general ut;• -r•-' in n-thli_c signage at 50th and France. especially signs odirecting the public to parking, camps. Report and Recommendation 50th & France Commercial Area March 20. 1989 Page Two 5. Special Areas. The committee identified three areas deserving special consideration. These areas include the walkway on the east side of Bellesen's, the walkway on the west side of the Edina Theatre and the walkway from the 51st street parking ramp to France Avenue. 6. Public Parking. The committee also suggested that the City investigate the need for additional public parking at 50th & France. The committee noted that this may well be a separate project. As you know, the 50th & France commercial area is located in a tax increment financing district. In the committee's opinion, the feasibility of the 1989 project depends largely on the availability of tax increment financing. As such, representatives of the committee wish to appear before the Council and HRA on April 3, 1989, to discuss the use of tax increment financing for this project. Staff would be glad to provide additional information or answer any questions prior to the April 3, 1989, meeting. MINUTES OF THE REGULAR MEETING OF THE EDINA CITY COUNCIL HELD AT CITY HALL DECEMBER 5, 1988 Answering rollcall were Members Kelly, Smith, Turner and Mayor Courtney. CENTENNIAL UPDATE PRESENTED. Betty Hemstad, Co -Chair of the 1988 Centennial, commented that the Centennial Year was coming to a close and expressed thanks on behalf of herself and Kay Bach, Co- Chair, for the opportunity to serve the City. She said that a lot of citizens had worked on the Centennial and that there is a stronger feeling of community now than before the Centennial Year. The main event for November was the Edina Centennial Interfaith Celebration of Thanksgiving and Community on November 20 held at the Edina Community Center. On November 13 some of the churches held Centennial celebrations of their own. Kay Bach elaborated on the Founders' Day program to be held on December 12 at City Hall. The postal service will hand cancel mail using a Centennial cancellation from noon to 5 p.m. and the evening program is scheduled for 7:30 p.m. During the day the School District will be celebrating by serving Centennial birthday cake to all school children. Also, the Centennial tree that was planted last May will be dedicated at the evening program. On December 30 a grand finale party is planned at Edinborough Park in appreciation for all the volunteers who worked on the Centennial events. She said that Centennial memorabilia will be sold at The Galleria the weekend of December 10 -11 and suggested memorabilia items for. Christmas gifts. A financial report is expected to be completed during March, 1989. With donations still coming in, together with the donation from the Rotary of $25,000, it is hoped that over $200,000 will be collected for the lasting memorial. Following the Centennial report, the Council Members thanked Co- Chairs Hemstad and Bach for their extraordinary efforts for the Centennial. JIM SINGLETON COMMENDED ON RECEIVING AWARD OF MERIT. Manager Rosland advised that Jim Singleton, Edina Paramedic /Firefighter, was appointed to the Fire Department on December 6, 1976 and was promoted to Paramedic on December 5, 1980. During_ this past month he received an "Award of Merit" at the Fifth Annual Public Safety Awards Dinner. This award was presented for his dedication and initiative in the. -. development and implementation of the first State of Minnesota Emergency Medical Services Peer Counseling Program to deal with critical stress, debriefing, training and guidance. The existence of a peer counseling program encourages emergency medical service personnel to help themselves recognize and resolve their personal or work related problems., Manager Rosland commended Mr. Singleton for his dedicated service to the City and presented him with a silver pen bearing the Edina logo. Members of the Council also expressed their appreciation to him. CONSENT AGENDA ITEMS ADOPTED. Motion was made by Member Smith and was seconded by- Member Turner to approve and adopt the consent agenda items as presented, with the exception of the removal of item VIII.D. Rollcall: Ayes: Kelly, Smith,.Turner, Courtney Motion carried. *MINUTES OF JOINT COUNCIL/HRA MEETING AND REGULAR MEETING OF SEPTEMBER 12, 1988 APPROVED. Motion was made by Member Smith and was seconded by Member Turner to approve the minutes of the Joint Council/HItA Meeting and Regular Meeting of September 12, 1988. Motion carried on rollcall vote, four ayes. ACTION ON PRELIMINARY PLAT APPROVAL FOR IRWIN FIRST ADDITION DELAYED UNTIL AFTER ITEM III.D ON AGENDA. Affidavits of Notice were presented by Clerk, approved and ordered placed on file. Planner Craig Larsen recalled that the request for preliminary plat approval for Irwin First Addition was continued at the Council Meeting of November 21, 1988 to allow the proponent time to provide further information on questions that had been raised at the public hearing. The subject property is located on the east side of Valley View Road between Moccasin Valley Road and Bror Road. He advised that the proponent has submitted a site plan for Council's review showing the proposed location of driveways, pads for the proposed homes, and drainage. At the last meeting there was some discussion about sharing a common driveway. At staff's suggestion the driveways have been separated and have been moved to the south side of the lots to create the maximum distance from the interesection of Valley View Road and Dakota Trail. The plan also illustrates the proposed ultimate drainage pattern for the development which has been reviewed by and is acceptable to the City Engineer. At the last meeting the Council had asked the staff to review the sizes of the lots in the surrounding vicinity that were used for comparision purposes. The average size of the lots used along Valley View Road were somewhat over 20,000 square feet in area; the average size for all the lots surveyed is somewhat over 22,000 square feet. The proposed new lots would be in excess of 13,000 square feet. Planner Larsen said that in staff's opinion, and reinforced by the recommendation of the Community Development and Planning Commission, these lots compare very favorably on lot width and that the size of many of the unusually shaped lots in the vicinity is gained by the depth that many of them possess. Planner Larsen concluded that that was the %1;3t arP Slgni ficantly smaller than lots in the general neighborhood. Wally Irwin, proponent, then presented a colored graphic showing elevations of the houses he proposed to develop on the two lots. He explained that he planned to keep the existing rock retaining wall in the front to preserve the existing look and that the structures now on the property would be removed. The proposed driveways have been moved to the southern most point on each lot so that they are located away from the curve on Valley View Road. Some of the existing trees would be relocated on the site. Mr. Irwin said that he had called on the surrounding neighbors and had showed the site plan to them. Their reaction was 100% approval as indicated by their signatures on the plot at the locations where they live. He concluded by stating that he felt it would be a big improvement to the neighborhood and that the residents in the neighborhood all felt the same way. Member Smith asked Mr. Irwin to speak to the topography in the back of the lots. Mr. Irwin said that he did not plan to change any of the topography in the wooded area in the rear; that there is an existing swale for drainage north to Valley View that will not be disturbed. Member Smith stated that he was still bothered by the proposed lot sizes but that he appreciated the effort by the proponent in presenting the proposed footprint of the houses and showing the plan to the neighbors. Also, that the divided driveways are better from the standpoint of street traffic. At the request of Member Kelly, Planner Larsen reviewed the sizes of the lots in the area which were used for comparison and that were directly related to the proposed subdivision. Member Turner commented that lot sizes were also a concern to her and that one thing the Council looks at in trying to make decisions on this kind of request is character and symmetry of the neighborhood. One measure of that is the lot size compared to others in the area. She said she felt that the difference between 13,700 square feet and either 20,300 or 22,000+ is significant and greater than she could accept. Therefore, she said that she could not support the request. Member Kelly made a motion that action on the request for preliminary plat approval for Irwin First Addition be taken following item III.D (Final Rezoning and Final Plat Approval - Erhardt Addition) on the agenda. Motion was seconded by Member Smith. Ayes: Kelly, Smith, Turner, Courtney Motion carried. RESOLUTION ADOPTED REGARDING MORATORIUM ON SINGLE FAMILY SUBDIVISIONS: ORDINANCE NO 119 ADOPTED IMPOSING MORATORIUM: SECOND READING WAIVED. Planner Larsen recalled that at the last meeting the Council had asked staff and the City Attorney to do research and come back with suggestions relative to the way the City processes and hears proposals to subdivide lots in the Single Family District. He presented for the Council's consideration an ordinance that would impose a temporary moratorium on proposals to divide single family lots. This would only apply to subdivisions within the Single Family District. The moratorium would be designed to last for one year, subject to earlier termination or extension by the Council, to allow the Council to review the plans and ordinances of the City to determine if any changes should be made to procedures and criteria for approving single family subdivisions. Member Smith asked when such ordinance would be effective if passed. Planner Larsen said that if Second Reading were waived it would be effective upon publication in the Edina Sun - Current on Wednesday of next week. Attorney Erickson clarified that any action taken at this meeting would not be subject to the moratorium. Member Smith introduced the . following resolution and moved its adoption: RESOLUTION WHEREAS, the City of Edina is essentially fully developed; and WHEREAS, Edina is a city of many and varied residential housing units and neighborhoods which are enhanced by their variety, quality and significance, and in order to provide continuity and a complete community of the highest standards as set out in the Mission Statement of the City, it is desirable to adopt this resolution; and WHEREAS, lots in the City are valuable and new lots will be developed in the City mainly by subdividing existing lots; and WHEREAS, the City Council believes that the ordinances and Comprehensive Plan of the City are adequate to guide future subdivisions of existing lots without detriment to the City or its citizens, but nevertheless, it is recognized that planning is an ongoing process and it is desirable.to continually review the plans and ordinances of the City to determine if any changes or amendments should be made to the procedures and criteria for approving subdivisions in the City, especially as they relate to existing single family lots; NOW „ THEREFORE, BE IT RESOLVED, that the City staff is hereby directed to conduct studies of the applicable plans and ordinances of the City, and to give information to and make recommendations to the City Council relative to the need, if any, for changing or clarifying the procedures and criteria for approving plats, replats, subdivisions or divisions of lots or other property in the City, and especially within the Single Dwelling Unit District (R -1) of the City as designated by the City Zoning Ordinance. Motion for adoption of the resolution was seconded by Member Kelly. Mayor Courtney asked for public comment on the resolution and hearing none called for rollcall vote. Rollcall: -'' Sm th. Turner, Courtney Member Smith then introduced Ordinance No. 119 and moved its adoption of Second Reading as follows: ORDINANCE NO. 119 AN ORDINANCE IMPOSING A MORATORIUIM ON THE PLATTING, REPLATTING, SUBDIVISION AND DIVISION OF LOTS AND OTHER PROPERTY WITHIN ANY SINGLE DWELLING UNIT DISTRICT (R -1) IN THE CITY OF EDINA THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, ORDAINS: Section 1. Purvose. Pursuant to applicable Minnesota statutes, Edina is now conducting studies for the purpose of considering adoption and /or amendment of official controls, as defined in Minnesota Statutes, Section 462.352, Subdivision 15, including amendment of Ordinance No. 801 (the "Platting Ordinance ") and Ordinance No. 825 (the "Zoning Ordinance "). The official controls and amendments being studied will consider, among other things, the desirability and suitability of, and the requirements and conditions for, the processing and approval of plats, replats, subdivisions and divisions of lots and other property within any Single Family Dwelling District (R -1), as established by the Zoning Ordinance, in the City. However, while the new official controls and amendments are being considered, proposals for, and applications for such plats, replats, subdivisions and divisions continue to be made. Therefore, in order to protect the planning process and the health, safety and welfare of the citizens of Edina, it is necessary and desirable to impose the following moratorium pursuant to the authority granted by Minesota Statutes, Section 462.355, Subd. 4. Sec. 2. Moratorium. From the effective date of this ordinance to and including the first anniversary of such effective date, subject to earlier termination or extension by the Edina City Council, the Edina City Council, the Edina Community Development and Planning Commission, and the Edina City staff shall not accept any applications for, or continue to process or act on, any applications or requests for, any plats, replats, subdivisions or divisions of lots or other property within any Single Dwelling Unit District (R -1), as established by the Zoning Ordinance, in the City; provided, however, that the City Council may disapprove any application for any such plat, replat, subdivision or division solely to prevent approval thereof by operation of law pursuant to Minnesota Staututes, Sectton 462.358, Subd. 3b. Sec. 3. Effective Date. This ordinance shall be in full force and effect upon its passage and publication. ATTEST: Mayor City Clerk Motion for adoption of the ordinance was seconded by Member Turner. Mayor Courtney asked for public comment and hearing none called for rollcall vote on the ordinance. Rollcall: Ayes: Kelly, Smith, Turner, Courtney Ordinance adopted. FINAL REZONING FROM R -2 DOUBLE DWELLING UNIT DISTRICT TO R -1 SINGLE DWELLING UNIT DISTRICT APPROVED FOR LOTS 1 2 AND 3. INDIAN HILLS 3RD ADDITIONS ORDINANCE NO. 825 -A29 ADOPTED. Planner Larsen presented the request for final rezoning to R -1 Double Dwelling Unit District for Lots 1, 2, and 3, Indian Hills 3rd Addition, located on McCauley Trail. He recalled that the subject property comprises three vacant double bungalow lots presently zoned R -2 that are the most easterly three lots in the Indina Hills 3rd Addition plat. On November 21, 1988 the Council granted preliminary rezoning for the three lots for the purpose of constructing three new single family homes on the subject property. Staff would recommend granting Second Reading for the rezoning. Member Smith commented that at the public hearing for rezoning he had expressed concern for building high value single family homes on the subject lots from the standpoint of highway noise and asked if the City had any obligation with regard to sound barriers. Planner Larsen responded that the City .does not have such obligation and that the developer is doing some things at his own cost to try to mitigate the impact of highway noise. Engineer Fran Hoffman commented that for the last two years the developer has proposed an 8 -foot high visual barrier for the west four double lots of the subdivision and has installed the posts. The church immediately to the west has objected to the barrier because it would obstruct the view of"the church from the freeway. He said that he has been working with the church on this issue and that staff's attitude is that this is similar to the Nine Mile Village activity next to Colonial Church where there is a fence to break the sight lines. The proponent has agreed to construct at his expense an 8 -foot barrier, approved by City staff, to break the visual sight of the freeway along the whole length of his property; however, the' property owner in one of the doubles has objected. Engineer Hoffman said he has encouraged the proponent to construct the visual barrier along the property. No further comments or objections being heard, Member Turner moved Second Reading and adoption Ordinance No. 825 -A29 as follows: ORDINANCE NO. 825 -A29 AN ORDINANCE AMENDING THE ZONING ORDINANCE (NO. 825) BY REZONING PROPERTY FROM R -2 DOUBLE DWELLING UNIT DISTRICT TO R -1 SINGLE DWELLING UNIT DISTRICT THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, ORDAINS: Section 1. Section 6 of Ordinance No. 825 of the City is amended by adding the following thereto: "The extent of the Single Dwelling Unit District (R -1) is enlarged by the addition of the following property: Lots 1, 2 and 3, INDIAN HILLS 3RD ADDITION. The extent of the Double Dwelling Unit District (R -2) is reduced by removing the property described above from the R -2 District." Sec. 2. This ordinance shall be in full force and effect upon its passage and publication. ATTEST: Mayor City Clerk Motion for adoption of the ordinance was seconded by Member Smith. Rollcall: Ayes: Kelly, Smith, Turner, Courtney Ordinance adopted. FINAL REZONING TO R -2 DOUBLE DWELLING UNIT DISTRICT AND FINAL PLAT APPROVED FOR ERHARDT ADDITION. Planner Larsen presented the request for final rezoning to R -2 Double Dwelling Unit District for Lot 2 and final plat approval for the Erhardt Addition, generally located in the southeast quadrant of the Brookview Avenue/Valley View Road intersection. He recalled that the Council had granted preliminary rezoning and preliminary plat approval for the subject property at its meeting of October 17, 1988. Staff would recommend final rezoning to R -2 Double Dwelling Unit District for Lot 2 and final plat approval, subject to a subdivision dedication fee based on a value for the new lot of $45,000. No comment or objections being heard, Member Kelly made a motion for Second Reading and adoption of Ordinance No. 825 -A28 and adoption of the resolution for final plat approval as follows, subject to payment of a subdivision dedication fee of $3,600.00: ORDINANCE N0. 825 -A28 AN ORDINANCE AMENDING THE ZONING ORDINANCE (NO. 825) BY ADDING TO THE DOUBLE DWELLING UNIT DISTRICT (R -2) THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, ORDAINS: Section 1. Section 6 of Ordinance No. 825 of the City is amended by adding the following thereto: "The extent of the Double Dwelling Unit District (Sub- District R -2) is enlarged by the addition of the following property: Lot 2, Block 1, Erhardt Addition." Sec. 2. This ordinance shall be in full force and effect upon its passage and publication. RESOLUTION APPROVING FINAL PLAT FOR ERHARDT ADDITION BE IT RESOLVED by the City Council of the City of Edina, Minnesota, that that certain plat entitled " ERHARDT ADDITION ", platted by Ronnie Phillips Erhardt and Robert Erhardt as personal representatives of The Estate of Peggy Chalmers Erhardt, also known as Peggy C. Erhardt, and presented at the regular meeting of the City Council of December 5, 1988, be and is hereby granted final plat approval. Motion for adoption of the ordinance and resolution was seconded by Member Turner. Rollcall: Ayes: Kelly, Smith, Turner, Courtney Ordinance and resolution adopted. PRELIMINARY PLAT APPROVED FOR IRWIN FIRST ADDITION. Following presentation and discussion on the request for preliminary plat approval for Irwin First Addition and motion of the Council to take action thereon following item III.D on the agenda, the Council again reviewed the square footage of the lots in the surrounding neighborhood of the proposed subdivision. Wally Irwin, proponent argued that the proposed new lots visually would look the same from the street as other lots along Valley View Road and that the new lots are within 3,000 square feet of the most recent lots that were subdivided in the area. Member Kelly introduced the following resolution and moved adoption: RESOLUTION GRANTING PRELIMINARY APPROVAL FOR IRWIN FIRST ADDITION BE IT RESOLVED by the City Council of the City of Edina, Minnesota that that certain plat entitled " IRWIN FIRST ADDITION ", platted by Wally Irwin Construction, Inc., and presented at the regular meeting of the City Council of December 5, 1988, be and is hereby granted preliminary plat approval. Member Kelly said that she had made the motion for discussion purposes and added that she felt Mr. Irwin could construct one really nice home on the subject property. Motion for adoption of the resolution was seconded by Mayor Courtney. Following further discussion on the proposed subdivision, mayor for rollcall vote on the motion. Rollcall: Ayes: Kelly, Smith, Courtney Nays: Turner Resolution adopted. Member Smith made the comment to Mr. Irwin that the vote included a couple of reluctant ayes, that he wanted Mr. Irwin to understand the significance of the discussion prior to this action, and that the Council feels that the subdivision of lots in the City has been of concern to the Council for some time. HEARING DATE OF 12/19/88 SET FOR EDINA HIGHLANDS 2ND ADDITION. Planner Larsen explained that the request for preliminary plat approval for Edina Highlands 2nd Addition is a proposal to subdivide a single family lot and as such it will be affected by the moratorium and that the proponent will be notified of that fact. Member Turner made a motion setting December 19, 1988 as hearing date for preliminary plat approval for Edina Highlands 2nd Addition. Motion was seconded by Member Kelly. Ayes: Kelly, Smith, Turner, Courtney Motion carried. *HEARING DATE SET OF 12/19/88 SET FOR VARIOUS PLANNING MATTERS. Motion was made by Member Smith and was seconded by Member Turner setting December 19, 1988 as hearing date for the following planning matters: 1) Conditional Use Permit - Good Samaritan United Methodist Church - 5730 Grove Street - Construct New Sanctury and Fellowship Room 2) Re- Program CDBG Funds for Handicap Accessibility Improvements - Edina Community Center. Motion carried on rollcall vote, four ayes. *BID AWARDED FOR PARK SHELTER BUILDINGS /RECONSTRUCT RESTROOMS. Motion was made by Member Smith and was seconded by Member Turner for award of bid for reconstructing. restrooms at park shelter buildings (Arneson Acres Historical /Garden Center and Pamela Park) to handicap accessibility to recommended low bidder, Peak Construction, at $25,936.00. Motion carried on rollcall vote, four ayes. *BID AWARDED FOR DRILLING /CONSTRUCTION OF WELL #19. Motion was.made by Member Smith and was seconded by Member Turner for drilling and construction of municipal well #19 to recommended low bidder, E.H. Tenner & Sons, at $128,281.00. Motion carried on rollcall vote, four ayes. PARK BOARD RECOMMENDATIONS APPROVED WAIVING GREENSFEES FOR SILVER ANNIVERSARY TOURNAMENT AND FOR DEMOLITION OF PADDLE TENNIS COURTS: PROPOSAL FOR DEKHOCKEY AT LEWIS PARK TABLED. Manager Rosland presented the following recommendations from the Edina Park Board meeting of November 15, 1988: 1) that greensfees for the Silver Anniversary Tournament on July 9, 1989 be waived, 2) that dekhockey for the 1989 season at Lewis Park be approved on a one -time basis, and 3) that the Park & Recreation Department proceed to demolish the paddle tennis courts. Member Smith asked what the financial impact would be of waiving the greensfees and whether or not this has been done in the past with the exception of the Centennial tournament. Park Director Kojetin said that attendance probably would be similar to Saturdays, i.e. 144 people -, at $10/12 each. However, we would take in other fees by having people out there for the tournament. He explained that greensfees were waived for the Junior Womens National about eight years ago; however, that was on a tournament basis and the course was closed for four days. Regarding dekhockey at Lewis Park, Member Turner asked if they will be using the hockey or bandy rink; also if that would allow time for the City to flood the rinks for the winter skating, and if this would displace other park programs. Director Kojetin said that they would just be using the hockey rink during the summer time, March through November, and then would be removing their equipment and that there is no programmed activity there during the summer months. Member Kelly questioned the advisability of leasing to an outside organization and said she wanted the City's facilities to be available to the citizens. Also, that she was concerned about wear and tear on park property that is leased. Member Smith brought up the issue of a renting /leasing policy and asked if the Park Board had discussed this. Director Kojetin said that at their November meeting the Board had discussed proposed guidelines on renting /leasing Park and Recreation Department facilities that had been prepared by staff. No action was taken on the draft guidelines and the chairman had asked that the members review those and be prepared to act on a policy in January. Member Turner asked if the Park Board had applied the questions contained in the guidelines to the Dekhockey proposal. Director Kojetir said that staff had evaluated the request before bringing the proposal to the Park Board and had felt that it'Ffit into Catagory #2 of the guidelines; also that staff had felt this would be a good recreational activity for Edina. Member Turner suggested that for future proposals the Council should see the answers to the questions posed in the guidelines. Following considerable discussion on the dekhockey proposal, it was informally agreed that the Council would consider the proposal following adoption of a rent /lease policy to be drafted and approved by the Park Board. Member Smith suggested that the Council Members get their comments regarding the draft renting /leasing policy to the Park Board prior to their meeting in January. Member Turner made a motion that the greensfees for the Silver Anniversary Tournament at Braemar Golf Course on July 9, 1989 be waived. Motion was seconded by Member Kelly. Ayes: Kelly, Smith, Turner, Courtney Motion carried. Member Kelly made a motion approving the demolition of the paddle tennis courts. Motion was seconded by Member Turner. Ayes: Kelly, Smith, Turner, Courtney Motion carried. RELOCATION OF SENIOR CENTER TO EDINA COMMUNITY CENTER APPROVED. Manager Rosland advised that the Senior Center Research Committee has been meeting since July to consider alternative locations for the Senior Center which must vacate their present space at 7151 York Avenue South. After many meetings and much research, the Committee would recommend relocating the Senior Center to the West Community Room on the third floor of the Edina Community Center. An agreement has been drafted for the City to lease from the School District the West Community Room space from 7 a.m. to 5 p.m. Monday through Friday for a five -year period with all rental and use fees waived by the District. In return, the City would agree to the following: 1) To install an elevator to serve floors one, two and three, 2) To remodel third floor restrooms to handicapped standards, 3) To pay up to $20,000 for air conditioning of the third floor north wing if the District determines it is feasible, 4) To open the south side of Southview Lane to street parking and sign it for two hour parking from 7 AM to 10 PM and no parking from 10 PM to 7 AM. 5) Contract with the School District for janitorial services based on need. The Committee also would recommend that the City contract for one year with the Volunteers of America (VOA)to provide the congregate dining program. The City cost for this program is estimated to be $4,000 (VOA would pay $2.00 per meal with the City contributing $.50 per meal),based on estimate of 50 meals daily. If this number reaches 90 -100 meals per day, VOA would resume 100% operation of congregate dining and would pay the full cost of the program. In summary, Manager Rosland said the cost of the relocation would be as follows: Facility Improvements $25,000, Congregate Dining $4,000 and Handicapped Accessibility $115,000, totaling $144,000. This cost would be covered by City - Operating Budget $29,000 and CDBG Funds $115,000 (Handicapped Accessibility). He recalled that the 1989 Budget provided $50,000 in contingency for the Senior Center. Member Turner commented that she felt this was a very good solution and asked if the CDBG moneys were excess funds or would the City be giving up any other project. Planner Craig Larsen said that the reprogramming would be from the existing CDBG allocation that the City would lose at the end of the year because the moneys would not have been spent. It would not take away from any moneys that have already been committed. Member Smith commended the members of the Committee who had worked on the relocation of the Center and said this was a good example of the City and School District working together. He cautioned that we be cognizant of the cost of the janitorial services for cleaning as this would be provided by individuals in the District's bargaining unit. He also said that the congregate dining program has basically been self supporting and that the $4,000 cost should be viewed as start -up costs for the program at the new location. Member Smith made a motion to authorize the Manager to negotiate a suitable lease for the Senior Center facility based on the recommendations of the Senior Center Research Committee as presented and to bring it back for Council approval as soon as possible. Motion was seconded by Member Turner. Ayes: Kelly, Smith, Turner, Courtney Motion carried. Member Kelly commented that she did not think the location at the Edina Community Center was the best place for the Senior Center and that she hoped staff would continue to search for a place that would be more suitable and convenient for the senior population. BENEFITS AUDIT REVIEWED.. Manager Rosland referred to the Benefits Audit completed during the past year and which had been sent to the Council Members recently for review. He explained that the audit had compared the current benefits to the City's stated benefit objectives and competitive practice. Benefit objectives were established with a City task force in March, 1988. For competitive comparison, the City's benefits were compared to "select" Group Five cities which are suburban cities that have been used for salary surveys in the past. In addition, the benefits were compared to all Group Five cities and midwest employees in the private sector. The task force identified three primary objectives in providing benefits to employees: 1) to protect employees and their families from financial hardship, 2) to promote the image of the City as a "good place to work ", and 3) to enhance recruitment and retention of employees. He observed that while the City wishes to be perceived as a "premier community ", the Council had indicated in the past that the targeted range for salary and benefit package is the middle top.quartile. Manager Rosland said that the intent would be to tie the audit in with the personnel ordinance which is now being reviewed by the City's attorneys and the employee's handbook which is being reviewed by staff along with a benefit increase to be proposed when the documents are brought to the Council sometime after u,:e sirs;: olf the u_ . would be for an additional $10 /month into the insurance package. Also, durin6 1989 a "menu" approach to benefits will be brought to the Council. This will all be done prior to the budget process for 1990. No formal action was taken. RESOLUTION ADOPTED SETTING PARK & RECREATION FEES/CHARGES FOR 1989: RESOLUTION ADOPTED SETTING AMBULANCE SERVICE FEES: ORDINANCE NO. 171 -A28 ADOPTED (TO INCREASE OR DECREASE CERTAIN FEES. Manager Rosland presented draft resolutions setting Park and Recreation fees and charges for 1989 as recommended by the Park Board and ambulance service fees for 1989 as recommended by the Fire Department together with an amendment to the Fees and Charges Ordinance No. 171 for those fees /charges established by ordinance. He explained that the proposed fees and charges were included in the revenues as adopted in the 1989 Budget and recommended adoption. He further called to the Council's attention the comprehensive Fees and Charges Study which had been requested by the Council and which provides a summary of fees established by the City's ordinances. Member Smith expressed his appreciation for the information contained in the Study. Member Smith introduced the following resolutions and moved adoption: RESOLUTION SETTING PARR & RECREATION DEPARTMENT FEES AND CHARGES FOR 1989 BE IT RESOLVED by the Edina City Council that the following Fees and Charges for the year 1989, as submitted by the Park Board, be approved: Park and Recreation Playground $ 8.00 T -Ball $22.00 Aquatic Instruction 22.00 Tennis Instruction 22.00 Art Center Memberships: Class Fees: (8 weeks) Family 35.00 Adult Member 65.00 Individual 25.00 Adult Non - Member 72.00 Child Member 40.00 Art Center Rental 75.00 /group Child Non - Member 44.00 Arena Single Hour Rate (As of September) 85.00 Late Night (midnight or later) 70.00 Open Skating (Youth & Adult) 2.50 Skate Rental 1.06 Skate Sharpening 1.50 Summer Rental Pavilion 500.00 /day Season Tickets (Effective 10/1/88) Resident Family 55.00 Resident Individual 35.00 Non - Resident Family 70.00 Non - Resident Individual 50.00 Classes (as of January 1, 1989) 45.00 Gun Range Pistol - 1/2 hour 4.00 25 Rounds Trap 4.50 Building - per hour 45.00 Pool Season Tickets: Daily Admission: Resident Family $46.00 Adult and Youth 2.50 Resident Individual 30.00 Non - Resident Family 54.00 Non - Resident Individual 36.00 Braemar Golf Course Patron Cards: Lockers: Individual 50.00 Men's 72" 33.00 Additional Family Men's 42" 22.00 Member 45.00 Ladies' 72" 14.00 Computerized Handicaps: Club Rental 5.00 Resident 11.00 Pull Carts -1.75 Non - Resident 15.00 Golf Cars: Golf Cars - Seniors: 18 Holes 18.00 18 Holes 15.50 9 Holes 9.50 9 Holes .8.50 Group Golf Lessons: Golf Range: Adult 45.00 Large Bucket 3.75 Junior 23.00 Small Bucket 2.50 Warm Up Bucket 1.00 Braemar Green Fees 18 Hole Non- Patron 13.50 Seniors: 18 Hole Patron 10.00 18 Hole Non - Patron 12.50 9 Hole Non- Patron 8.50 18 Hole Patron 9.00 9 Hole Patron 7.00 9 Hole Non - Patron 8.00 9 Hole Patron 6.50 Group Fees 17.00 Group Fees 9 Hole 10.00 Group Car Fees 23.00 Executive Course Green Fees Adult Non - Patron 6.25 Sr. & Jr. Non - Patron 5.25 Adult Patron 5.25 Sr. & Jr. Patron 4.25 Golf Car - everyone 7.00 Pull Carts 1.75 Group Fee 7.00 Braemar Clubhouse Braemar Room: Night Rate Resident 450.00 Day Rate Resident 225.00 Night Rate Non -Res. 500.00 Day Rate Non -Res. 275.00 Edinborough Park Pool/Track /Skating: Daily Pass - Youth and Adult 2.50 Annual Pass - Individual 150.00 Annual Pass - Family 200.00 Lockers .25 Towels .50 Skate Rental 1.25 Building Rental - Category #1 $150.00 day + City of Edina - Boards and Associations $12 /man hour for set -up and tear down Building Rental - Category #2 Edina based civic organizations including Edina Schools (per hour) Great Hall 125.00 Arena 50.00 Theatre 50.00 Pool 75.00 Grotto 25.00 Building Rental - Category #2 Edina based civic organizations including Edina Schools (exclusive use) Great Hall 500.00 Arena 100.00 Theatre 100.00 Grotto 50.00 Building Rental - Category #3 Edina residents/business (per hour) Great Hall 300.00 Arena 75.00 Theatre 125.00 Pool 125.00 Grotto 60.00 Building Rental - Category #3 Edina residents/business (exclusive use) Great Hall 1,000.00 Arena 150.00 Theatre 150.00 Pool 200.00 Grotto 60.00 Building Rental - Category #4 Non -Edina residents/business (per hour) Great Hall 350.00 Arena 125.00 Theatre 150.00 Pool 150.00 Grotto 85.00 Building Rental - Category #4 Non -Edina residents/business (exclusive use) Great Hall 1,200.00 Arena .225.00 Theatre 225.00 Pool 250.00 Domestic Photography by Professional Photographer Grotto 15.00 Great.Hall mixed use 75.00 Ice Rink & Great Hall 100.00 Commercial Photography by Professional Photographer Grotto 150.00 Theatre 200.00 Great Hall 300.00 Ice Rink 300.00 Nixed Use 500.00 Box Lunch Program: 6.00 -10.00 Catering Kitchen: (assessed for use of kitchen) Groups size over 200 50.00 Groups size over 300 75.00 Groups size over 500 100.00 Commercial Use: (trade shows, etc.) Exclusive all day use 2,000_.00 Miscellaneous Charges: Table Rental to Edina Park Plaza and Corporate Center East 5.00 /table Children's Birthday Parties (limit 2 tables) 15.00 /table Dance Floor set -up 50.00 Mirror Ball 20.00 Park Department Rentals Arneson Acres Terrace Room: $100 /day ($50 /1st hour, $25/hr after) Braemar Ballfields: $35/hr - no lights, $55/hr —with lights General Park Areas: $50/hr - commercial use (i.e. TV Commercials) Picnic Shelters: $35 up to 50 people, $70 over 50 people (Lake Cornelia Park) Showmobile: $600 /day Rental of Athletic Field: $30 /game, $50 /game with lights Portable Bleachers: $150 /day or $50/hr + delivery charge Recreational Picnic Equipment: Free usage Tupa Park: $125 /day Park and Recreation Activity Registration Refund Fee:. $5.00 RESOLUTION SETTING AMBULANCE FEES BE IT RESOLVED that the Edina City Council does hereby approve and set the following ambulance service fees: AMBULANCE FEES Service Level Fees for Ambulance Service, including medical treatment and /or transportation to a medical facility: Level I - On Scene Treatment $ 60.00 Specialized medical services performed at scene with no transport involved Level II - Minor Care (BLS) 245.00 Vital Signs Splinting Bandaging, etc. Level III - Moderate Care (ALS) 295.00 I.V. Setups EKG Monitoring Spine immobilization Level IV - Major Care 345.00 Level III plus any: Medications MAST (inflated) Additional manpower Mechanical extrication Level V - Cardiac Arrest 395.00 Level IV plus any: Cardio Pulmonary Resuscitation (CPR) Defibrillation Additional Charge for Transportation to Downtown Hospitals 60.00 Abbott/Northwestern, Minneapolis Children's Medical Center, Mt. Sinai, Fairview (Lutheran) Deaconess, Fairview Ridges Medical Center, Hennepin County Medical Center, Metropolitan Medical Center, Fairview/ St. Mary's, University of-Minnesota, North Memorial Medical Center, Veterans' Administration Motion for adoption of the resolutions was seconded by Member Turner. Rollcall: Ayes: Kelly, Smith, Turner, Courtney Resolutions adopted. Member Smith introduced Ordinance No. 171 -A28 and moved adoption, with waiver of Second Reading as follows: ORDINANCE NO. 171 -A28 AN ORDINANCE AMENDING ORDINANCE NO. 171 TO INCREASE OR DECREASE CERTAIN FEES THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, ORDAINS: Section 1. The amounts of the following described fee numbers of Schedule A to Ordinance No. 171 are amended to read as follows: ORD. SEC. NO. NO. PURPOSE OF FEE /CHARGE AMOUNT FEE NO. 201 5 Public Dance Permit $35.00 1 202 Bowling alley license Business enterprise - $35.00 2a per annum plus $10.00 per lane Bona fide club - $5.00 per 2b annum per lane 204 4 Bingo occasion, $35.00 per annum 4 gambling device, raffle license 211 5 Machine or amusement $35.00 annually per establishment, 5a device license plus $5.00 per machine /device 5b for all machines /devices s 408 1 Building Code compliance inspection 434 27(f) Public or semi - public swimming pool license 434 643 644 645 28(F) Public or semi - public whirlpool bath or therapeutic swimming pool license 5 License to refill fire extinguishers 3(d) Permit fee for cleaning of commercial cooking ventilation system 4 Sprinkler permit fees: Number of Heads 1 - 5 6 - 10 11 - 25 26 - 50 645 4 Sprinkler permit fees: Number of Heads 51 - 100 101 - 200 201 plus 645 4 Fire pump installation and associated hardware Standpipe installation Each additional standpipe 661 1 False fire alarm response fee 731 5 Food establishment license Take out facility license Packaged food sales license Food warehouse license Catering food establishment license Itinerant food est- tablishment license Retail candy shop license Readily perishable food vehicle license Fleet of 5 or more readily perishable food vehicles license Bakery food vehicle license Catering food vehicle license Perishable food vehicle license Fleet of 5 or more perishable food vehicles license Ice vending machine license 761 3 License to operate a described in Section 1. $75.00 per hour with a minimum of $75.00 $250.00 per annum for each pool enclosed part or all of the year $135.00 per annum for each outdoor pool $55.00 per annum for each bath or pool $15.00 per annum per person to be licensed $35.00 for each permit $40.00 (minimum fee) $60.00 $60.00 for first ten plus $22.00 for each additional ten or fraction thereof $104.00 for first twenty -five plus $17.00 for each additional ten or fraction thereof $155.00 for first fifty, plus $11.00 for each additional ten or fraction thereof $210.00 for first one hundred plus $9.00 for each additional ten or fraction thereof $300.00 for first 200 plus $6.00 for each additional ten or fraction thereof $75.00 10 17a 17b 18 22 50 22. la 22. lb 22. le 22.1d 22. le 22.laa 22.1bb 22.1f $75.00 22.1g $5.00 22.1h $175.00 for third and each 22a subsequent response within one calendar year $345.00 per annum ($295 certified) 25a plus $85.00 per annum for each additional facility $230.00 per annum ($180 certified) 25al $110.00 per annum 25a2 $50.00 per annum 25a3 $345.00 per annum ($295 certified) 25a4 plus $85.00 per annum for each additional facility $50.00 per event 25b $35.00 per annum 25c $55.00 per annum 25d $275.00 per annum 25e $50.00 per annum 25f $130.00 per annum, plus $15.00 per 25g annum for each additional vehicle $55.00 per annum 25h $275.00 per annum 251 $10.00 per annum for each machine 25k dispensing packaged ice $20.00 per annum for all other ice machines Hotels - $150.00 for 1 -50 rooms 27a hotei, lodging _�r boarding house 902 10 Sunday intoxicating liquor sale license (Clubs only) 1101 1(a) Sewer Rental Charge: Single family dwellings, townhouses, two - family dwellings, apartment buildings containing four or less dwelling units: - To and including 1800 cubic feet From 1801 cubic feet and over Lodging and boarding - $55.00 per location $200.00 per annum 36a Based upon water usage during 37a winter quarter. (Three -month period falling between Nov. 1 and March 1.) $20.50 per quarter $1.15 per 100 cubic feet Apartment buildings with $88.50 plus $16.50 for each 37b more than four dwelling unit over four, or $1.15 per units hundred cubic feet of water Commercial and industrial buildings, including schools and churches 1111 3(a) Water service 1111 3(b) 1301 6 Garbage hauler license 1303 5 Solicitor's permit 1331 3 Taxicab drivers license 1361 11 False alarm response fee 1432 4 Taxicab license Sec. 2. Following publication, January 1, 1989. ATTEST: used during the quarter, whichever is greater $23.00 per water meter or 37c approved sewage metering device on premises, or $1.15 per hundred cubic feet of water used during the quarter, whichever is greater 1. 40 cents per 100 cubic feet. 39a for areas of City except areas described in 2 and 3 Minimum charge of $6.00 per 39d quarter will be made where water consumption amounts to less than 1800 cubic feet $75.00 per annum first vehicle, 41 $30.00 for each additional vehicle $35.00 per annum 43 $35.00 per annum 46 $75.00 for the third and each 48 subsequent response $35.00 per annum for each vehicle 49 the effective date of this Ordinance shall be Mayor City Clerk Motion for adoption of the ordinance was seconded by Member Turner. Rollcall: Ayes: Kelly, Smith, Turner, Courtney ROBERT SHERMAN APPOINTED TO TRAFFIC SAFETY COMMITTEE. Manager Rosland informed the Council that two applications had been received for the seat vacated by Lois Coon on the Traffic Safety Committee. Motion was made by Member Smith to approve appointment of Robert J. Sherman to the Traffic Safety Committee. Motion was seconded by Member Kelly. Ayes: Kelly, Smith, Turner, Courtney Motion carried. 1989 CALENDAR AND STRATEGIC WORK PROGRAM APPROVED. Manager presented the 1989 Calendar and Strategic Work Program which had been drafted by Member Turner and Assistant Manager Hughes with the recommendation that the work program calendar be adopted and that the discussion of regular Council meeting dates be continued to the December 19, 1989 agenda when Member Richards would be present. He suggested that the Council may wish to postpone discussion on the Council meeting dates until the new Council Members take office in January. Member Turner explained that, in terms of the work program dates, the Council had identified the issues and set objectives at their spring retreat and had also agreed that following the budget process specific dates would be proposed for the various elements of the work program. Following some discussion, Member Kelly made a motion to approve the 1988 -1989 Work Program Dates as presented with the exception that the Recycling presentation to the Council be changed from December 19, 1988 to January 9, 1989. Motion was seconded by Member Turner. Ayes: Kelly, Smith, Turner, Courtney Motion carried. DRAFT AGENDA FOR COUNCIL /PARK BOARD MEETING ON 12/13/88 APPROVED. Manager Rosland presented the following draft agenda for the joint Council /Park Board Meeting scheduled for December 13, 1988: 1) Introduction of Council and Park Board Members 2) Overview of Park and Recreation Task Force Report 3) Discuss Elements of Assignment as Contained in Work Program 4) Review Timetale Including Advisability oL ?�cbrass :ilia ;,; It was informally agreed to approve the draft agenda as presented. RESOLUTION ADOPTED FOR REAPPOINTMENT OF DOTTIE RIETOW TO METROPOLITAN COUNCIL. Manager Rosland advised that Dottie Rietow has asked for Council support for her reappointment to the Metropolitan Council as representative of District 11. He stated that he felt she has represented Edina's interest on the Council. Mayor Courtney and Member Turner commented in support of her reappointment. Following discussion, Member Kelly introduced the following resolution and moved its adoption: RESOLUTION WHEREAS, the term of Dottie Rietow on the Metropolitan Council will expire in January, 1989, and WHEREAS, Dottie Rietow has been a dedicated representative of the City of Edina and the other municipalities in District 11; BE IT RESOLVED by the City Council of the City of Edina, Minnesota, that it hereby nominates Dottie Rietow for reappointment; BE IT FURTHER RESOLVED that the Edina City Council urges the Honorable Rudy Perpich to approve the reappointment of Dottie Rietow as the District 11 representative on the Metropolitan Council. Motion for adoption of the resolution was seconded by Member Turner. Rollcall: Ayes: Kelly, Smith, Turner, Courtney Resolution adopted. *YEAR END COUNCIL MEETING DATE SET FOR 12/19/88. Motion was made by Member Smith and was seconded by Member Turner setting December 19, 1988 at 5:00 p.m. as the Year -End Council Meeting date. Motion carried on rollcall vote, four ayes. *COUNCIL MINUTES OF 8/1/88 AMENDED REGARDING LOT DIVISION FOR 6315 -6319 TIMBER TRAIL. Motion was made by Member Smith and was seconded by Member Turner to amend the Council Minutes of August 1, 1988 with regard to the resolution for Lot Division for 6315 -6319 Timber Trail to correct the legal description as follows: RESOLUTION HEREAS, the following described tracts of land constitute various separate parcels: Lot 10, Block 1, INDIAN HILLS 3RD ADDITION and Lot 11, Block 1, INDIAN HILLS 3RD ADDITION WHEREAS, the owners of the above tracts of land desire to subdivide said tracts into the following described new and separate parcels (herein called "Parcels "): WHEREAS, it has been determined that compliance with the Subdivision and Zoning Lot 10, and that part of Lot 11 lying North of a line drawn easterly from a point on the West line of said Lot 11 as measured along said West line, distant 32.00 feet southerly of the Northwest corner thereof, to the Northeast corner of said Lot 11. All in Block 1, Indian Hills 3rd Addition and Lot 11, Block 1, Indian Hills 3rd Addition, except that part thereof lying North of a line drawn easterly from a point on the West line of said Lot 11 as measured along said West line, distant 32.00 feet southerly of the Northwest corner thereof, to the Northeast corner of said Lot 11. WHEREAS, it has been determined that compliance with the Subdivision and Zoning Regulations of the City of Edina will create an unnecessary hardship and said Parcels as separate tracts of land do not interfere with the purposes of the Subdivision and Zoning Regulations as contained in the City of Edina Ordinances Nos. 801 and 825; NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council of the City of Edina that the conveyance and ownership of said Parcels as separate tracts of land is hereby approved and the requirements and provisions of Ordinance No. 801 and Ordinance No. 825 are hereby waived to allow said division and conveyance thereof as separate tracts of land but are not waived for any other purpose or as to any other provision thereof, and subject, however, to the provision that no further subdivision be made of said Parcels unless made in compliance with the pertinent ordinances of the City of Edina or with the prior approval of this Council as may be provided for by those ordinances. Motion caried on rollcall vote, four ayes. PUBLIC HEARING CONDUCTED ON TRANSFER OF OWNERSHIP /CONTROL OF CABLE FRANCHISE GRANTEE: RESOLUTION ADOPTED GIVING FINAL APPROVAL TO ACQUISITION OF ROGERS CABLESYSTEMS BY KBL CABLE, INC. Pursuant to due notice being given,, a public hearing was held to consider transfer of ownership and control of the City's cable franchise. Manager Rosland recalled that Rogers Cablesystems, Inc. proposes to sell all of its U.S. holdings and has asked that the five City Councils give final approval to the acquisition of Rogers Cablesystems of the Southwest, Inc., by KBL Commission ( SWSCC) conducted a joint public hearing on beha.L_ _ on November 30 and had adopted a resolution recommending approval of the transfer of ownership. Council action required on the transfer would be 1) adoption of a resolution giving final approval to the acquisition of Rogers Cablesystems of the Southwest, Inc., by KBL Cable, Inc., and 2) approval of the Consent Agreement and Guaranty of Performance. He explained that the Consent Agreement and Guaranty of Performance has as its predecessor the guarantee agreement that the City received from the parent companies of the existing franchisee. That guarantee is being replaced by the guarantee from KBL Cable, Inc. and it in turn is having its obligations guaranteed by KBLCOM; both guarantees are part of the Consent Agreement document. In addition, the resolution also establishes as a condition to final approval of the change of ownership the performance of the Stipulation of Settlement, which was reviewed at the November 21 Council Meeting. The Stipulation of Settlement includes among other things the obligation to pay the $3.5 million and agreement to pay the Member Cities through the SWSCC their reasonable costs and expenses incurred during the transfer process. Attorney Erickson advised that all of this becomes effective only upon a change in the ownership of the Rogers stock which is being purchased by KBL Cable, Inc. That is expected to happen on or about February 28, 1989. There is a 10 -day delay period built into the documents which would extend the closing to March 10 at the latest when we would expect the $3.5 million to be paid, the Consent Agreement and Guarantee of Performance to be given and the other documents to be executed and delivered. He advised that he has reviewed the documents and that the most recent changes he had suggested have been made over the weekend and therefore would recommend that the documents be approved and the resolution be adopted. Member Smith asked what would be the effect of the transfer of ownership and if there would be a change in cable programming. Manager Rosland said that he felt it would change for the better. With the money the Member Cities will be receiving money could be put back in to provide better public access and governmental programming channels. Also, KBLCOM is more decentralized and lets the local organizations control programming. Warren Mobley, Vice President of KBLCOM, said he concurred with Manager Rosland's comments. Their philosophy is one of decentralization; they have a small corporate staff which has a lot of expertize to be able to assist the local managers to read the community, find out what they want and then execute a good operating plan over the course of the year. He elaborated on the expertize of the corporate staff and explained the studies they conduct to get the opinion of the community to translate those into operations. Member Smith also expressed concern about the adult programming currently on cable television. Mr. Mobley responded, that representing KBLCOM, that type of program will be viewed with discretion and that they will make them conform to the mores of the community through public opinion surveys and through feedback from elected officials. He pointed out that there is new programming on cable television such as the Discovery channel and other quality family programming on some of the other channels. That type of programming will continue to grow with the cable industry and KBLCOM will be proponents for encouraging that type material from other programming vendors. No further comment being heard, Mayor Courtney introduced the following resolutions and moved their adoption: RESOLUTION APPROVING CONSENT AGREEMENT AND GUARANTY OF PERFORMANCE BE RESOLVED by the City.Council of the City of Edina, Minnesota, that it hereby approves the Consent Agreement and Guarantee of Performance between the City of Edina and KBL Cable, Inc., as presented at the regular meeting of the City Council of December 5, 1988; BE IT FURTHER RESOLVED that the Mayor and Manager are hereby authorized and directed to execute the Consent Agreement and Guaranty of Performance on behalf of the City. RESOLUTION GIVING FINAL APPROVAL TO THE ACQUISITION OF ROGERS CABLESYSTEMS OF THE SOUTHWEST, INC.. BY KBL CABLE, INC WHEREAS, the City of Edina, Minnesota (the "City ".), granted a cable television franchise to Rogers Cablesystems of Minnesota Limited Partnership ( "RCMLP ") pursuant to the City's cable communications ordinance (the ordinance and the grant of the franchise are referred to collectively as the "Franchise "); and WHEREAS, RCMLP subsequently decided to dissolve and pursuant to Amending Ordinance No. 1121 -A1, the City approved the transfer of the Franchise to Rogers Cablesystems of the Southwest, Inc. ( "RCTSI "), which, upon the dissolution of RCMLP, will be the grantee under the Franchise; and WHEREAS, RCTSI is a wholly -owned subsidiary of Rogers U.S. Cablesystems, Inc. ( "RUSCI "), which in turn is a wholly -owned subsidiary of Rogers Cablesystems of America, Inc. ( "RCA "). RCA is a wholly -owned subsidiary of RCA Cablesystems Holding Co. ( "RCACH "), which in turn is a wholly -owned subsidiary of Rogers U.S. Holdings, Limited ( "RUSHL "), a wholly -owned subsidiary of Rogers Communications, Inc. ( "RCI "); and WHEREAS, KBL Cable, Inc. ("KBLC "), a Texas corporation and a wholly -owned subsidiary of KBLCOM Incorporated ( "KBLCOM "), has agreed to acquire all of the issued and outstanding common stock and all of the issued and outstanding preferred stock of RCACH; and WHEREAS, a -n''er the Franchise, the acquisition by �KBL - issued and outstanding common and preferred stock constitutes a transfer by means of a fundamental corporate change with respect to RCACH and its subsidiaries, including RCTSI; and WHEREAS, under the Franchise, any transfer of the Franchise requires the approval of the City; and WHEREAS, KBLC as the parent company of RCTSI, desires to leave the Franchise in the name of RCTSI and, to the extent not inconsistent with state or federal law, including the Cable Communications Policy Act of 1984, to .guarantee, unconditionally, the full performance of all the obligations and commitments of RCTSI under the Franchise and all other ordinances and agreements between the City and RCTSI relating to the Franchise; and WHEREAS, RCI desires the City to release it and RIISHL from any and all obligations and responsibilities relating to the Franchise or to RCTSI's performance thereunder; and WHEREAS, the Operating Committee of the Southwest Suburban Cable Commission (the "SWSCC "), with the assistance of the Herbst Law Firm, Ltd., and Don,Richards Associates, has reviewed the.proposed acquisition by KBLC of the common and preferred stock of RCACH (and the resulting acquisition of control over RCTSI) and the legal, technical, financial and character qualifications of KBLC and its parent company, KBLCOM; and WHEREAS, reports and information regarding the qualifications of KBLC and KBLCOM were prepared and the Operating Committee presented these reports to the SWSCC so that a recommendation could be made as to the acquisition of control by KBLC over RCTSI; and WHEREAS, on November 30, 1988, the SWSCC conducted a joint public hearing on behalf of its member cities regarding KBLC's acquisition of control over RCTSI and KBLC's request that the Franchise remain in the name of RCTSI; and WHEREAS, based on the reports and information of the Operating Committee and the results of the joint public hearing, the SWSCC found no reason to disapprove the acquisition by KBLC of control over RCTSI or of KBLS's request to leave the Franchise in the name of RCTSI, and the SWSCC recommended to the City that it approve said acquisition and request; and WHEREAS, the City, after considering KBLC's technical ability, financial condition, character and legal qualifications, and based on the recommendation of the SWSCC, has found no reason to disapprove of the acquisition by KBLC of the common and preferred stock of RCACH (or the resulting acquisition of control over RCTSI), or of KBLS's request to leave the Franchise in the name of RCTSI. NOW, THEREFORE, be it resolved by the City Council of the City of Edina: 1. That the City hereby approves the acquisition by KBLC of the common and preferred stock of RCACH (and the resulting acquisition of control over RCTSI), and the maintenance of the Franchise in the name of RCTSI, subject to the following conditions: a) Within ten days of the date KBLC acquires all of the issued and outstanding \ common stock of RCACH, KBLC and KBLCOM shall file with the City an executed coyy of a Consent Agreement and Guaranty of Performance substantially in the form and substance of Exhibit 1 attached hereto, along with an executed copy of each document required by the Consent Agreement and Guaranty of Performance (including, without limitation, an opinion of legal counsel, certified articles of incorporation of RCTSI, KBLC and KBLCOM, evidence of insurance coverage as required by the Franchise, RCTSI's letter of credit, and RCTSI's bond); and b) RCTSI shall have performed its obligations under the Stipulation of Settlement and Release dated November 22, 1988, including, without limitation, the payment to SWSCC of $3.5 million; and c) Subject to the terms of the letter agreement dated October 17, 1988, between KBLC and the SWSCC, KBLC shall reimburse its Member Cities, pro rata) for all resonable costs, expenses and professional fees incurred as a result of the approval of KBLC's acquisition of the common and preferred stock of RCACH (and the resulting acquisition of control over RCTSI). 2. Effective only upon the performance by RCTSI and KBLC of the conditions set forth in paragraph 1 hereof, the City forever releases and discharges RCI and RIISHL from any and all responsibilities, liabilities, claims and disputes, known or unknown, related to or arising from the Franchise or RCTSI's performance hereunder, or the approval of KBLS's acquisition of control over RCTSI. 3. The City hereby waives its right of first refusal to purchase the Franchise or related system, but only as such right -of- first - refusal applies to the request by KBLC for approval of the acquisition of control by KBLC over KCTSI. 4. In the event KBLC fails to comply with any of the above requirements within the time specified, unless the time is extended by the City, this Resolution and any and all approvals, releases, discharges and waivers by the City set forth herein shall be null and void. 5. This Resolution shall become effective only if all of the cities of Eden Prairie, Hopkins, Minnetonka, and Richfield adopt a substantially similar resolution within sixty (60) days after the adoption of this resolution. This Resolution is passed and adopted the 5th day of December, 1988. CITY OF EDINA The Mayor ATTEST: City Clerk Motion for adoption of the resoiuLioas was b-y Member Turner. Rollcall: Ayes: Kelly, Smith, Turner, Courtney Resolutions adopted. ALISON FUHR NOMINATED FOR REAPPOINTMENT TO REGIONAL TRANSIT BOARD. Manager Rosland advised that Alison Fuhr's term on the Regional Transit Board will expire on January 1, 1989 and that she would like to continue on the Board. Member Kelly said she wanted to be sure that Edina's views are represented. Mayor Courtney and Member Turner commented that she has worked hard on the Regional Transit Board and also on the I -494 Corridor Study. Member Turner added that it is important that the Council keeps in good communication with these people who represent us on governmental agencies. Member Kelly introduced the following resolution and moved adoption: RESOLUTION WHEREAS, the term of Alison Fuhr on the Regional Transit Board expires on January 1, 1989, and WHEREAS, Alison Fuhr has been a dedicated representative of the City of Edina; BE IT RESOLVED by the City Council of the City of Edina, Minnesota, that it hereby nominates Alison Fuhr for reappointment. BE IT FURTHER RESOLVED that the Edina City Council urges the Metropolitan Council to approve the reappointment of Alison Fuhr to the Regional Transit Board. Motion for adoption of the resolution was seconded by Member Turner. Rollcall: Ayes: Kelly, Smith, Turner, Courtney Resolution adopted. *RESOLUTION ADOPTED DESIGNATING DIRECTOR AND ALTERNATE DIRECTOR OF SRA. Motion was made by Member Smith and was seconded by Member Turner for adoption of the following resolution: RESOLUTION DESIGNATING.DIRECTOR AND ALTERNATE DIRECTOR TO SUBURBAN RATE AUTHORITY BE IT RESOLVED by the City Council of the City of Edina, Minnesota, as follows: John C. Wallin is hereby designated to serve as a Director of the Suburban Rate Authority, and James L. Knutson is hereby designated to serve as Alternate Director of the Suburban Rate Authority for the year 1989 and until their successors are appointed. Motion carried on rollcall vote, four ayes. *RESOLUTION ADOPTED DESIGNATING DIRECTOR AND ALTERNATE DIRECTOR OF LOGIS. Motion was made by Member Smith and was seconded by Member Turner for adoption of the following resolution: RESOLUTION DESIGNATING DIRECTOR AND ALTERNATE DIRECTOR TO LOGIS BE IT RESOLVED by the City Council of the City of Edina, Minnesota as follows: John C. Wallin is hereby designated as a Director of LOGIS and Kenneth E. Rosland is hereby designated as Alternate Director of LOGIS for the year 1989 and until their successors are appointed. Motion carried on rollcall vote, four ayes. OFFICIAL NEWSPAPER DISCUSSED: ACTION POSTPONED TO DECEMBER 19. Member Kelly commented that the delivery service of the Edina Sun - Current, the City's official newspaper, has not been what is expected. She said that she had received many phone calls from residents who were also concerned about this. Until the Edina Sun - Current presents information as to how they will improve delivery of their newspaper, Member Kelly said she was not willing to designate it as the official newspaper for.1989. Manager Rosland referred to the letter of response from Jim Raffey, Circulation Director, to the letter sent him on November 10 which had indicated the concerns of the Council regarding delivery of the newspaper. Following discussion it was agreed to delay action on designating the official newspaper for 1989 until the meeting of December 19, 1988 so that additional information could be obtained, e.g. statutory requirement, rates for legal notices in the Star Tribune, etc. FOUNDER'S DAY ON DECEMBER 12 NOTED. Member Turner thanked the Council Members for their involvement for the Centennial Founder's Day Program to be held on December 12. She said she would be sending them the final script so that they would be informed of the order of events for the evening program. 1? COUNCIL VACANCY APPOINTMENT PROCESS DISCUSSED. Manager Rosland called the Council's attention to the memorandum from Mayor -Elect Richards regarding the City Council vacancy appointment process that he had drafted following meetings with each of the Council Members. An announcement will be made in the December 5 issue of the Edina Sun - Current that anyone interested in being considered for appointment should submit their application to City Hall no later than 4:30 p.m. on December 16, 1988. The memorandum indicated that the profile of the new Council Member would be one who exhibits leadership characteristics and has a background of commitment and.understanding of the Edina community. That person shouted Further be willing to remain aztive in Edina and in the broader metro -area community. The recommended selection process would be as follows: 1) Anyone interested in being considered for appointment should submit application to City Hall by December 16; 2) Council Members likewise should submit names and /or request that individuals submit an application by the same date; 3) All candidates would be announced at the Council Meeting on December 19 and depending on the number of candidates, one -half hour interviews would be scheduled on Friday, December 30 and Saturday, December 31; 4) At the first regular Council meeting in January, Mayor Richards would make the recommendation and nomination to fill the vacancy. .Voting would proceed and the Mayor and Council would fill the vacancy. Mayor -Elect Richards had asked that the Council Members contact him upon his return from the NLC Conference if they had any differences with the process as outlined. Otherwise staff would proceed to schedule interviews for the candidates. Attorney Erickson pointed out that as part of the process Member Richards should submit a statement of resignation-effective on taking oath of office as Mayor at the first regular Council meeting in January. *CLAIMS PAID. Motion was made by Member Smith and was seconded by Member Turner to approve payment of following claims as per pre -list dated 12/5/89: General Fund $89,350.26, Art Center $1,912.68, Capital Fund $5,212.03, Golf Course Fund $23,791.87, Recreation Center Fund $6,989.49, Gun Range Fund $1,352.62, Edinborough Park $5,882.90, Utility Fund $204,064.22, Liquor.Dispensary Fund $2,672.12, Construction Fund $7,685.58, Total $348,913.77. Motion carried on rollcall vote, four ayes. There being no further business on the Council Agenda, Mayor Courtney declared the meeting adjourned at 10:40 p.m. City Clerk MINUTES OF THE RF'CULA?'r - *, *r OF THE EDINA CITY COUNCIL HELD AT CITY HALL DECEMBER 19, 1988 Answering rollcall were Members Kelly, Richards, Smith, Turner and Mayor Courtney. CONSENT AGENDA ITEMS ADOPTED. lotion was made by Member Turner and was seconded by Member Smith to approve and adopt the consent agenda items as presented. Rollcall: Ayes: Kelly, Richards, Smith, Turner, Courtney Motion carried. *PUBLIC HEARING ON PRELIMINARY PLAT FOR EDINA HIGHLANDS 2ND ADDITION CONTINUED TO 3/6/89. Motion was made by Member Turner and was seconded by Member Smith to continue the public hearing on preliminary plat approval for Edina Highlands 2nd Addition to the Council Meeting of March 6, 1989. Motion carried on rollcall vote, five ayes. CONDITIONAL USE PERMIT APPROVED FOR GOOD SAMARITAN UNITED METHODIST CHURCH. Affidavits of Notice were presented by Clerk, approved and ordered placed on file. Planner Craig Larsen presented the request of Good Samaritan United Methodist Church, 5730 Grove Street, for a conditional use permit. The subject property is generally located north of Grove Street, east of Wycliff Road and west of Tracy Avenue. The church has applied for a conditional use permit to allow a proposed addition of some 20,000 square feet for a new sanctuary and fellowship room. The existing church contains approximately 18,500 square feet. As a part of the project, the existing home on the property would be removed. The proposed sanctuary would contain a total of 418 seats. At one parking space for each three seats, the Zoning Ordinance would require 140 spaces. According to the church, concurrent uses generate a need for 14 additional spaces. The proposed plan would provide 161 parking spaces, or 7 more than required. The plan does allow for the addition of 38 seats to the new sanctuary. If that would occur, 10 additional parking spaces would be needed to meet the additional demand. Parking would be provided in two separate lots. A majority of the parking, 102 spaces, would be behind the new sanctuary and at an elevation approximately 5 to 10 feet lower than Grove Street. The design and materials for the proposed addition are in keeping with and compatible with the existing church. All buildings, parking and drive aisles comply with setback requirements. A landscaping plan and schedule which complies with ordinance requirements has been submitted. The proposal was heard by the Community Development and Planning Commission on November 30, 1988. At that meeting the church proposed a new entrance driveway access from Tracy Avenue. This would be accomplished by removing an existing home and constructing a new driveway to the northeasterly parking lot. The Planning Commission recommended that this new access not be approved. Since the Planning Commission meeting the church has withdrawn its request for the new driveway. The church may propose the driveway at a future date, however, by applying for an amendment to the conditional use permit for that access. With the exception of the new driveway, the Planning Commission and staff would recommend approval of the conditional use permit, subject to a Proof of Parking Agreement requiring a review of on -site . parking demand prior to the addition of the 38 additional seats in the sanctuary. Planner Larsen concluded his presentation by advising that representatives of the church were present to respond to questions. Member Kelly asked what would happen to the single family lot that was acquired by the church for the proposed new access from Tracy Avenue and what the discussion was on the issue. Mrs. Betty Naas, Building Committee Chairperson, said that the church would be making that decision within the next two years. Following the Planning Commission meeting the . constraints of time did not allow time for the church to get the proper studies and surveys done to present it to the Council at the present time. Planner Larsen said that at the Planning Commission hearing, the neighbors expressed concern over loss of privacy, impact on topography and vegetation, and potential safety hazard with another curb cut on Tracy Avenue. Mrs. Naas commented that Good Samaritan church has outgrown its building and that for over two years they have studied the needs of the church, both within the building and for community outreach, and had given the program to Carlson Mjorud Architecture, Ltd. to put it into the form of a building. Bruce Carlson, architect, exhibited pictures of the church site showing the new sanctuary as proposed. He explained that the design and building materials would match the existing building. No further comment or objection being heard, Member Kelly introduced the following resolution and moved adoption, subject to a Proof of Parking Agreement requiring City review of parking prior to adding additional seats to the sanctuary: RESOLUTION GRANTING CONDITIONAL USE PERMIT WHEREAS, the procedural requirements of Ordinance No. 825 (The Zoning Ordinance) have been met; and WHEREAS, it has been determined that the Findings as required by Ordinance No. 825 have been satisfied; NOW, THEREFORE, BE IT RESOLVED that the Edina City Council hereby grants a Conditional Use Permit to Good Samaritan United Methodist Church, 5730 Grove Street, for construction of a new sanctuary and fellowship room. Motion for adoption of the resolution was seconded by Member Turner. Ayes: Kelly, Richards, Smith, Turner, Courtney Resolution adopted. PUBLIC HEARING CONDUCTED :RESOLUTION ADOPTED TRANSFERRING CDBG FUNDS TO HANDICAPPED ACCESS PROJECT. Affidavits of Notice were presented by Clerk, Approved and ordered placed on file. Planner Larsen advised that this public hearing was to consider the transfer of certain Community Development Block Grant (CDBG) funds from current projects to the handicapped access project for the purpose of making improvements to the Edina Community Center. These improvements include installation of an elevator, certain access improvements to the building, and the remodeling of restrooms on the third floor to handicapped requirements. The estimated cost of handicapped improvements to the Edina Community Center is $115,000.00. Year XIII of the CDBG Program is about to expire and staff would propose to transfer approximately $55,800.00 of that money, which normally the City would lose at the end of December, to this project. That is in addition to the current budget of $40,000.00 in the project for Year XIII. However, $20,000.00 is committed to approved projects at Pamela Park and Arneson Acres leaving approximately $75,000.00 available from Year XIII for this project. The balance of the estimated cost, approximately $40,000.00 would come from Year XIV funds (the current year) which are available and uncommitted. Planner Larsen explained that the proposed transfer does not affect funding for H.O.M.E. or Child Day Care. No objections being heard, Member Smith introduced the following resolution and moved adoption: RESOLUTION BE IT RESOLVED that the Edina City Council does hereby request the following re- allocation of funds in Year %III of the Community Development Block Grant Program: Existing Budget Proposed Budget Comprehensive Plan $10,000.00 $ -0- Assistance to Low Income Housing 19,470.66 -0- Rehabilitation 48,333.00 22,000.00 ADOPTED this 19th day of December, 1988. Motion for adoption of the resolution was seconded by Member Turner. Rollcall: Ayes: Kelly, Richards, Smith, Turner, Courtney Resolution adopted. ORDINANCE NO 124 -A6 ESTABLISHING SALARIES FOR ELECTED OFFICIALS ADOPTED: SECOND READING WAIVED. Manager Rosland recalled that the Council had approved an increase in salaries for elected officials a year ago and that the increase was included in the 1989 Budget. The salary increase was approved by resolution at the Council meeting of October 3, 1988 when the 1989 Budget was formally adopted. The amendment to Ordinance No. 124 is now to further evidence the increase as approved by resolution prior to the November 8, 1988 election, pursuant to M.S. 415.11. Mayor Courtney introduced Ordinance No. 124 -A6 for adoption, with waiver of Second Reading, as follows: ORDINANCE NO. 124 -A6 AN ORDINANCE ESTABLISHING SALARIES FOR ELECTED OFFICIALS THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, ORDAINS: Section 1. Pursuant to the resolution adopted by the City Council on October 3, 1988, the salaries of members of the Edina City Council shall be as follows commencing January 1, 1989: Mayor $7,050 annually Council Members 5,100 annually. Sec: 2. This ordinance shall be in full force and effect immediately upon its passage and publication. ATTEST: Mayor City Clerk Motion for adoption of the ordinance was seconded by Member Turner. Rollcall: Ayes: Kelly, Richards, Smith, Turner, Courtney Ordinance adopted. CONCERN OF WHITE OAKS RESIDENTS HEARD REGARDING TOWNES ROAD MARSH. Connor Schmid said he was addressing the Council as a resident of the White Oaks neighborhood and as a representative of the White Oaks Improvement Association regarding the area described as Townes Road Marsh. He advised that the Association would like to preserve Lot 9, White Oaks Second Addition, for its natural open space and »' ponding capacity as intended by the original developer. The Association is willing to donate up to $500 to match any funds of individuals who might be willing to contribute to assist the City in acquiring the subject lot which is ...�, -n -] uT fnr sa1_e. The �.ntent is that Lot 9 would be preserved as oven space and for additional ponding to adjacent Lot 1 that was dedicated years ago as a ponding area. Mr. Schmid referred to his letter of December 16, 1988 in which he outlined background information concerning the Townes Road Marsh. According to the surviving widow and partner of the White Oaks developer, Frank Ecklund, it was. never intended that Lot 9 be developed. Mrs. Ecklund had.advised that after the Village of Edina rejected several offers of donation or dedication of Lot 9, similar to the ponding dedication on adjacent Lot 1, the Ecklunds just held the lot. Eventually the developer was finally prevailed upon by the adjacent owner of 4700 Townes Road (Ken Monroe) to transfer Lot 9 to him .to be held in its natural condition. Unfortunately, the transfer was made by simple quit claim deed without specific conditions. Mr. Schmidt stated further that the Association could assume responsibilities as it has for the meadow area and would also be happy to work on developing a fund to assist the City in acquisition of Lot 9 for open space and for additional ponding. Some of the neighbors are concerned that if the lot which is currently for sale is developed that it will require fill. This would.force the storm waters which would normally pond on Lot 9 onto other areas of the marsh and into the lower portions of their lots. Mr. Schmid said that his own concern is that the marsh area is a most unusual and unique little spot for wild life habitat and forms a beautiful entry to the White Oaks neighborhood. He also observed that the Association had attempted to have the immediate past owner consider a charitable donation of Lot 9 to the City. However, the owner made a decision not to donate the property. Instead, it was learned that a developer (Dick Andron) entered into a purchase agreement in June, 1987 with Monroe. Apparently, for over a year a realtor has unsuccessfully tried to market Lot 1. Subsequently, the Association has tried to find out the status of the lot and has learned that there is litigation to enforce the purchase agreement. Member Richards said that the Council was familiar with the subject property and asked what price was being asked for Lot 9. Mr. Schmid said that the purchase price in.._ the agreement was $75,000. In response to Member Richards, Mr. Schmid clarified that the Association is proposing that the City purchase Lot 1 and that they contribute $500 towards the purchase price and facilitate fund raising to assist the City. Member Smith asked if there is a precedent for what is being proposed. Member Richards recalled that there have been two or three similar instances whereby residents have participated financially up to 508. He suggested that the Park Board be asked to consider the proposal in conjunction with the Park and Open - Space Study that was done a number of years ago and also have the Engineering, Department look at it from the standpoint of a storm water retention basin. He also suggested that the Association contact staff regarding previous actions to see how much other neighborhood groups have contributed financially. Member Richards said the Council would have to consider as to whether or not there is a public purpose associated with the proposal that the City acquire Lot 1. Adele Hersey, 4412 Grimes Avenue, commented that, although she is not a member of the White Oaks Improvement Association, this is a really unique piece of land that could be preserved now in its natural state-and could never be reclaimed if developed as open space; that it is of interest and value to residents other than the immediate property owners. Member Richards made a motion to refer the proposal that the City acquire Lot 1 to the Edina Park Board for their recommendation regarding open space and to the Engineering Department for comment on storm water ponding and that it be brought back to the Council at the second meeting in January, 1989. Motion was seconded by Member Smith. Ayes: Kelly, Richards, Smith, Turner, Courtney Motion carried. *BID AWARDED FOR SIX 1989 POLICE PURSUIT VEHICLES AND ONE VEHICLE FOR EDINA FIRE DEPARTMENT. Motion was made by Member Turner and was seconded by Member Smith for award of bid for six 1989 police pursuit vehicles and one vehicle for the Edina Fire Department to recommended bidder, Polar Chevrolet, at $76,840.00. Motion carried on rollcall vote, five ayes. *BID AWARDED FOR FERTILIZER FOR BRAEMAR GOLF COURSE. Motion was made by Member Turner and was seconded by Member Smith for award of bid for fertilizer for Braemar Golf Course to recommended low bidder, Turf Supply Company, at $7,426.14. Motion carried on rollcall vote, five ayes. *BID AWARDED FOR RANGE GOLF BALLS. Motion was made by Member Turner and was seconded by Member Smith for award of bid for range golf balls to sole supplier, Spalding, at $8,250.00. Motion carried on rollcall vote, five ayes. TRAFFIC SAFETY COMMITTEE MINUTES OF 12/13/88 APPROVED. Member Turner moved approval of the following recommended action listed in Section A of the Traffic Safety Committee Minutes of December 13, 1988: 1) That "NO PARKING ANYTIME" signs be installed on the south side of Morningside Road to include an area 25 feet west of the Edina Morningside Condominiums driveway and to extend to France Avenue; 2) That a "YIELD" sign be installed on Parkwood Lane at the intersection of Parkwood Road, and that the southeast corner of the intersection be reviewed for possible clearview violations; 3) That "NO PARKING BEYOND" signs be added below the existing signs to enhance access and visibility from Edina Court; and to acknowledge Sections B and C of the Minutes. Motion for approval was seconded by Member Richards. Ayes: Kelly, Richards, Smith, Turner, Courtney Motion carried. REPORT PRESENTED AND APPROVED ON CITY MANAGER'S EVALUATION. Mayor Courtney presented the following report on the City Manager's evaluation: "On Thursday, December 8, 1988, . the Mayor, C. Wayne Courtney, and Council Member, Peggy Kelly, on behalf of the Council, reviewed the performance of the City Manager for the 1988 year. The City Manager evaluation forms, completed by-the Mayor and Council, were used as guidelines as well as the Manager's goals as established through the strategic planning process. In all areas - Council relationship, goal setting, community relationship, organization leadership, inter - organizational cooperation, task performance and Manager's goals - Mr. Rosland was found to be operating at least as expected and in most cases above average to outstanding. In Council relationship, the group was very pleased with the new reporting sheets and financial analysis documents. It was hoped that time would be set aside at meetings for quarterly Manager's updates on the status of the City and progress towards strategic goals. It is best if the Council knows as soon as possible if problems arise in major areas so they can prepare policy decisions. The goal setting process is improving. Ken has worked very hard to implement the Council's strategic planning process. The organization, as a whole, needs to work together to focus on major and long -range goals. A priority list was suggested as a.possible tool for direction. Ken's greatest strength has always been and continues to be his community relations. He works hard to please the public and "is almost responsible to a fault." Several areas of communication were suggested: 1) a newsletter; 2) more extensive use of Cable TV; and 3) expanding the Highlander. In inter - organizational cooperation, it was felt that Ken has done an excellent job of representing Edina in other levels of government. His reputation as a leader in the metro area is growing each year. It was suggested that the City pursue an expanded relationship with the School District as we jointly plan to serve our citizens with the most cost - effective services. Within the area of task performance, labor negotiations and staff development are areas of concern. Ken creates a wholesome, efficient and positive atmosphere in which to work. He should delegate more detail to the staff so he can be free to work with the Council on developing long -range plans. Within the organization as a whole, suggestions were made to: 1) have regular meetings with the Commissions; 2) improve communications between Council Members and staff; 3) develop a greater level of trust within the Council; 4) improve the strategic planning process; 5) meet with legislators, County and metro representatives more often; 6) take active part in associations; and 7) improve communications with our citizens. In summary, it was felt that the Centennial Year was a busy and highly successful one directed by an efficient and hard working leader. There were few surprises, much improved planning tools, and a generally healthy and responsive atmosphere within the City." The report was discussed briefly with Members Smith, Richards and Turner concurring with the contents of the report. Notion was made by Member Kelly to accept and approve the report as presented. Motion was seconded by Member Turner. Ayes: Kelly, Richards, Smith, Turner, Courtney Motion carried. MANAGER'S "SUPERIOR TO NONE" AWARD GIVEN TO ENGINEERING DEPARTMENT. Following the presentation of the City Manager's evaluation report, Member Smith commented that this was probably the appropriate time for the Manager to present his "Superior To None" award which was instituted last March. Manager Rosland said he would nominate the Engineering Department for this honor in recognition of their efforts following the July rainstorm last year. Member Smith made a motion that the award be presented to the Engineering Department as recommended by the Manager. Motion was carried unanimously. MEMBER RICHARDS PRESENTS REPORT ON NLC 65TH CONGRESS OF CITIES. Member Richards referred to his memorandum of December 12, 1988 addressed to the Council in which he had reported on the National League of Cities (NLC) 65th Annual Congress of Cities held in Boston on December 3 -7. He said that he had brought back materials from the conference that were available in the Manager's office that might be helpful in dealing with issues that may come before the Council. Member Richards commented that he had not realized the breadth of the issue of resource recovery and recycling and that after being exposed to the subject at the conference he felt that the Council may need to address it in greater depth and detail that has been done to the present time. He indicated that the NLC is dominated by the major cities across the country but there was representation from all sizes of communities. He said a universal concern was the number of mandates imposed upon local units of government by either the state or federal government that do not have a corresponding funding mechanism. He stated that we need to be sensitive to those matters so that they will not cause the City greater financial constraints then we are already facing. He concluded by saying that he came away from the conference with a positive impression regarding attending and suggested that the Council evaluate further as to participation on the national as well as on the state level. Regarding the recycling issue, Member Smith reminded the Council that the Recycling Commission will be bringing their report to the Council at the first meeting in January and that the Council will be deliberating the action to be taken regarding City -wide recycling. COUNCIL MEMBER APPOINTMENT PROCESS DISCUSSED. Mayor -Elect Richards announced that, in addition to the list of 18 individuals who had applied for appointment as Council Member, two more applications have been received. He asked for input from the Council as to names of individuals who should be added to the list. He outlined the process as follows. The half hour interviews of candidates would be conducted on Friday, December 30 and Saturday, December 31, with Members Kelly and Smith, Member -Elect Paulus and Mayor -Elect Richards. The interview meetings would be open to the public and would be posted as such. Interview criteria and questions would be prepared with input from the Council Members and would be given to the Council at the Year -End Meeting on December 29. Following some discussion as to cut -off date for applications, Member Smith made a motion that the final cut -off for applications for Council Member be Wednesday, December 27 at noon. Motion was seconded by Member Kelly. Ayes: Kelly, Richards, Smith, Turner, Courtney Motion adopted. *RESOLUTION ADOPTED APPOINTING COMMISSION OF TRANSPORTATION AS AGENT OF CITY FOR FEDERAL AID. Motion was made by Member Turner and was seconded by Member Smith for adoption of the following resolution: RESOLUTION MINNESOTA DEPARTMENT OF TRANSPORTATION . FEDERAL AID FORM NO. III BE IT RESOLVED.that pursuant to Section 161.36, Subdivision 1 through 6, Minnesota Statutes, the Commissioner of Transportation be appointed as agent of the City of Edina to let as its agent, contracts for the construction of local roads and bridges; BE IT FURTHER RESOLVED that the Mayor and the City Clerk are hereby authorized and directed for and on behalf.of the City to execute and enter into a contract with the Commissioner of Transportation prescribing the terms and conditions of such contracts in the form as set forth and contained in "Minnesota Department of Transportation Agency Agreement" a copy of which said Agreement was before the City Council, assuming on behalf.of the City all of the obligations therein contained. ADOPTED this 19th day of December, 1988. Motion carried on rollcall vote, five ayes. *RESOLUTION ADOPTED SETTING COMPENSATION RATES FOR CITY EMPLOYEES FOR 1989. Motion was made by Member Turner and was seconded by Member Smith for adoption of the following resolution: RESOLUTION ESTABLISHING COMPENSATION RATES BE IT RESOLVED that the Edina City Council does hereby establish the following salary schedule for fulltime personnel for 1989: Step 1 Step 2 Stey 3 Step 4 Step 5 Step 6 Executive Management Level 3 $50,619 $53,994 $57,368 $60,743 $64,117 $67,492 Level 2 38,938 41,533 44,129 46,725 49,321 51,917 Level 1 34,071 36,342 38,613 40,885 43,156 45,428 Technical Management Level 4 $31,393 33,486 35,579 37,672 39,765 41,858 Level 3 29,933 31,929 33,924 35,920 37,915 39,911 Level 2 28,123 29,998 31,873 33,748 35,623 37,498 Level 1 23,119 24,660 26,202 27,743 29,284 30,826 Technical Level 3 $21,253 22,670 24,087 25,504 26,921 28,338 Level 2 19,469 20,766 22,064 23,362 24,660 25,958 Level 1 17,765 18,950 20,134 21,318 22,503 23,687 General Level 2 $16,143 17,219 18,295 19,371 20,448 21,524 Level 1 15,331 16,354 17,376 18,398 19,420. 20,442 Public Safety PS Management 3 $41,073 44,670 48,266 51,322 52,300 PS Management 2 38,423 41,803 45,129 48,023 49,025 PS Management 1 34,935 37,964, 41,073 43,669 44,917 PS General 2 21,334 23,227 25,159 26,715 PS General 1 16,981 18,413 19,928 21,218 Motion carried on rollcall vote, five ayes. EDINA SUN- CURRENT DESIGNATED AS OFFICIAL NEWSPAPER FOR 1989. Manager Rosland referred to the additional information requested by the Council at the last meeting as to rate comparisons, circulation. and the option for changing the City's official newspaper in mid -year if desired. The data indicated that legal notices placed in the Star Tribune would be approximately thirteen times more expensive that if placed in the Edina Sun - Current. As to circulation, the Edina Sun - Current is delivered to every household. The Star Tribune has a circulation of approximately 69.4% of all City of Edina households. Research performed by the City Attorney indicates that the City can change designation of official newspaper at any time during the year. Member Richards introduced the following resolution and moved adoption: RESOLUTION DESIGNATING OFFICIAL NEWSPAPER BE IT RESOLVED by the Edina City Council that the Edina Sun- Current be and is hereby designated as the Official Newspaper for the City.of Edina for the year 1989. Motion for adoption of the resolution was seconded by Member Turner. Rollcall: Ayes: Kelly, Richards, Smith, Turner,.Courtney Resolution adopted. RESOLUTION ADOPTED NOMINATING JOAN LONSBURY FOR REAPPOINTMENT TO METROPOLITAN PARK AND OPEN SPACE COMMISSION. Member Smith introduced the following resolution and moved adoption: RESOLUTION WHEREAS, the term of Joan Lonsbury on the Metropolitan Park and Open Space Commission will expire 'in January, 1989, and WHEREAS, Joan Lonsbury has been a dedicated representative of the City of Edina and the cities of Robbinsdale, Golden Valley, St. Louis Park and Richfield; BE IT RESOLVED by the City Council of the City of Edina, Minnesota, that it hereby nominates Joan Lonsbury for reappointment; BE IT FURTHER RESOLVED that the Edina City Council urges the Metropolitan Council to approve the reappointment of Joan Lonsbury to the Metropolitan Park and Open Space Commission. Motion for adoption of the resolution was seconded by Member Turner. Rollcall: Ayes: Kelly, Richards, Smith, Turner, Courtney Resolution adopted. *RESOLUTION ADOPTED SETTING HEARING DATE OF 1/23/89 FOR VACATION OF SCRIVER ROAD. Motion was made by Member Turner and was seconded by Member Smith for adoption of the following resolution: RESOLUTION CALLING PUBLIC HEARING ON VACATION OF SCRIVER ROAD RIGHT OF WAY BE IT RESOLVED by the City Council of the.City of Edina, Hennepin County, Minnesota, as follows: 1. It is hereby found and determined that the following described easement for street purposes should be considered for vacation, in accordance with the provisions of Minnesota Statutes, Sections 412.851 and 160.29: That part of Scriver Road dedicated on the recorded plat of HYLAND ACRES and now vacated which lies southerly of a line described as follows: Beginning at the Northwest corner of Lot 1, Block 2, in said plat; then on a assumed bearing of East, along the North line of said Lot 1 and its easterly extension, a distance of 36.65 feet; thence southeasterly, a distance of 36.49 feet, along a tangential curve concave to the Southwest having a radius of 35.14 feet and a central angle of 59 degrees 30 minutes 00 seconds, to the easterly line of said Lot 1 and said line there terminating. 2. This Council shall meet at the time and place specified in the form of notice included in paragraph 3 hereof for the purpose of holding a public hearing on whether such vacation shall be made in the interest of the public. 3. The Clerk is authorized and directed to cause notice of the time, place and purpose of said hearing to be published once a week for two weeks, in the Edina Sun - Current, being the official newspaper of the City, the first publication at least 14 days prior to the date of such hearing and to post such notice, at least 14 days prior to the date of such hearing, in at least three (3) public and conspicuous places within the City, as provided in Minnesota Statutes, Section 412.851. Such notice shall be in substantially the following form: (OFFICIAL PUBLICATION) CITY OF EDINA 4801 W. 50TH STREET EDINA, MINNESOTA 55424 NOTICE OF CHANGE OF HEARING DATE ON VACATION OF EASEMENT FOR STREET PURPOSES IN THE CITY OF EDINA HENNEPIN COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN that the City Council of the City of Edina, Hennepin County, Minnesota will meet at the Edina City Hall, 4801 West 50th Street on rebruary 6, 1989, at 7:00 p.m. for the purpose of holding a public hearing on the proposed vacation of the following street right of way: That part of Scriver Road dedicated on the recorded plat of HYLAND ACRES and now vacated which lies southerly of a line described as follows: Beginning at the Northwest corner of Lot 1, Block 2, in said plat; then on a assumed bearing of East, along the North line of said Lot 1 and its easterly extension, a distance of 36.65 feet; thence southeasterly, a distance of 36.49 feet, along a tangential curve concave to the Southwest having a radius of 35.14 feet and a central angle of 59 degrees 30 minutes 00 seconds, to the easterly line of said Lot 1 and said line there terminating. All persons who desire to be heard with respect to the question of whether or not the above proposed street right of way vacation is in the public interest and should be made shall be heard at said time and place. The Council shall consider the extent to which such proposed street right of way vacation affects existing easements within the area of the proposed vacation and the extent to which the vacation affects the authority of any person, corporation, or municipality owning or controlling electric, telephone, or cable television poles and lines, gas and sewer lines, or water pipes, mains, and hydrants on or under the area of the proposed vacation, to continue maintaining the same or to enter upon such easement area or portion thereof vacated to maintain, repair, replace, remove or otherwise attend thereto, for the purpose of specifying, in any such vacation resolution, the extent to which any or all of any such easements, and such authority to maintain and to enter upon the area of the proposed vacation, shall continue. BY ORDER OF THE EDINA CITY COUNCIL Marcella M. Daehn, City Clerk Motion carried on rollcall vote, five ayes. CONCERN REGARDING PROPOSED 2ND OFFICE BUILDING AT EDINBOROUGH DISCUSSED. Member Kelly commented that about a year ago the Council gave preliminary approval for the second office building at Edinborough and asked what was happening with the property. Manager Rosland responded that the developers feel that the office market is dead at the present time and are now proposing to request a change of zoning that would permit construction of a residency type hotel. Staff has told the developers that the City would want to get everything that the City was originally supposed to have and that before any action could be taken they should do a prototype of the building because staff would have deep concern about the compatibility of the architecture with Edinborough buildings now in place. Member Kelly asked for a clarification of what the City was originally to receive from the project. Manager Rosland said that would include the second mortgages, $50,000 for the park commitment, $.21 per square foot per year for park maintenance, reimbursement of park dedication fees of approximately $90,000 and reimbursement for special assessments of approximately $100,000. There was further discussion on the make -up of the Edinborough partnership, the alternative proposed project and the philosophical question of when the HRA and Council should be informed about proposed changes on a public /private project. It was suggested that this be placed on a future agenda for discussion. No formal action was taken. BROCHURE ON RADON NOTED. Member Turner commented that the brochure entitled "Answers About Radon" by the Edina Health Department was excellent. RESIDENT'S CONCERN OVER ODOR IN SOUTH EDINA NOTED. Member Richards reported that he had received a call from a resident regarding odor in the Hibiscus Avenue area near a lift station and asked that Engineer Hoffman follow up on the matter. AMM POLICIES AND LEGISLATIVE PROPOSALS FOR 1989 -1990 NOTED. Mayor Courtney asked the Council to review the Policies and Legislative Proposals for 1989 -1990 as adopted by the AMM Membership on November 3, 1988. MAYOR COURTNEY EXPRESSES APPRECIATION FOR WORKING WITH COUNCIL AND STAFF. This being the last regular meeting of the year, Mayor Courtney expressed his appreciation to present Council Members, past Councils and to staff for his association with them over the years he has served on the Council. He said it has been an honor to have served as Mayor, that he had appreciated it very much and wished everyone good luck., RESOLUTION ADOPTED CONGRATULATING COACH IKOLA FOR ACCOMPLISHMENTS. Member Turner introduced the following resolution and moved adoption: RESOLUTION OF CONGRATULATIONS WHEREAS, Willard Ikola has made a career of coaching hockey in the Edina Schools since 1958, and WHEREAS, during the past thirty years his hockey teams have achieved 567 wins, 37 ties and only 127 losses, and WHEREAS, Edina hockey teams have made 18 appearances in state tournaments, and WHEREAS, Edina hockey teams have won 8 State Championships, and WHEREAS, success has come to Edina hockey teams in large part because of the extra - ordinary ability and leadership of Coach Ikola and his love of and dedication to the sport of hockey; NOW, THEREFORE, BE IT RESOLVED by the Edina City Council that it hereby extends heartfelt congratulations to COACH WIIJARD IKOLA for his outstanding coaching accomplishments and commends him for the high standards of athletic proficiency and good sportsmanship as exemplified by the teams he has coached. Motion for adoption of the resolution was seconded by Member Smith and was adopted unanimously. *CLAIMS PAID. Motion was made by Member Turner and was seconded by Member Smith to approve payment of the following claims as per pre -list dated 12 /19/89: General Fund $857,208.61, Art Center $10,051.77, Capital Fund $5,747.79, Swimming Pool Fund $61.72, Golf Course Fund $124,301.74, Recreation Center Fund $206,039.89, Edinborough Park $19,442.07, Utility Fund $31,841.61, Storm Sewer Utility $1,939.76, Liquor Dispensary Fund $97,003.39, Construction Fund $173,965.86, Liquor Dispensary Fund $97,003.39, Construction Fund $173,965.86, IMP Bond Redemption #2 $1,020,675.00, Total $2,548,279.21. Motion carried on rollcall vote, five ayes. There being no further business on the Council Agenda, Mayor Courtney declared the meeting adjourned at 8:27 p.m. City Clerk 1%1�, MINUTES OF THE CLOSED MEETING OF THE EDINA CITY COUNCIL HELD AT CITY HALL DECEMBER 5, 1988 Council Member Present: Kelly, Smith, Turner and Mayor Courtney Others Present: City Staff and City Attorney The Edina City Council held a closed meeting on Monday, December 5, 1988 at 6:15 p.m. for the purpose of discussing possible litigation concerning the proposed Berenberg subdivision. Attorney Erickson explained the City's legal position on the proposed subdivision. He also advised that, considering the Council's concern with regard to requests for subdivision of large lots, a moratorium on platting and subdivision of lots in any Single Dwelling Unit District be considered by the Council so that the existing ordinances and controls regulating plats and subdivisions could be studied to determine whether or not they should be amended. No formal action was taken and no other business was discussed by the Council. The meeting adjourned at 6:50 p.m. City Clerk MINUTES OF SPECIAL MEETING OF THE EDINA CITY COUNCIL /PARK BOARD HELD AT CITY HALL DECEMBER 13, 1988 8:00 P.M. Council Members Present: Kelly, Richards, Smith, Turner and Mayor Courtney Park Board Members Present: Christianson, Wineberg, Lord, Furlong, Montgomery, and Jenkins Also present were City staff members and other interested citizens. The Edina City Council and the Edina Park Board held an informal joint meeting at 8:00 p.m. on December 13, 1988 at City Hall for the purpose of discussing the issue of future park and recreation needs. Assistant Manager Hughes presented an overview of the Park & Recreation Task Force Report which concluded that: - The City's parks 'and recreation facilities meet the desires and expectation ,of the residents. Needs of "unorganized park users" should be given attention. - Edina's parks are maintained to a reasonable level. - Present fee structure is generally well received. - Upgrading of the pavilion is supported by a plurality of residents. _Addition of gymnastics facility to the pavilion or upgrades to the swimming pool are generally not supported by residents. Manager Rosland stated that, as part of the City's 1988 -1989 Work Program, the Council has assigned the Park Board the task of undertaking and completing the Year 2000 Edina Park and Recreation Plan. Elements of the assignment are: - Review the Park and Recreation Task Force Report. - Involve the community organizations if desired by the Park Board. - Establish goals and priorities concerning the Year 2000 Park and Recreation system with particular respect to: Park and open space acreage Park development Recreation programming including specialized programming such as adaptive recreation. Review alternatives and develop strategies to address identified goals. - Prepare a revised five year capital improvement plan. Considerable discussion followed regarding park development, maintenance of existing parks and funding for new development and improvements to existing facilities. In response to the assignment given the Park Board, Chairman Christianson said this would be on the Board's agenda for January 10, 1989 to set up a plan and timeframe for the Year 2000 Edina Park and Recreation Plan and to also determine if they have enough resource people to undertake the assignment. Member Richards suggested that staff members from the Planning, Park and Recreation and Administration Departments meet to refine and outline an approach to the assignment. This would be placed on the January 9 Council agenda for review and approval and would then be presented to the Park Board at their January 10 meeting. The meeting was adjourned at 9:30 p.m. City Clerk 111 . , - :_. 6.) OF THE SPECIAL YEAR -END MEETING OF THE 'EDINA CITY COUNCIL HELD AT CITY HALL DECEMBER 29, 1988 Mayor Courtney called the meeting to order at 5:00 p.m.: Answering rollcall were Members Kelly, Richards, Smith, Turner and Mayor Courtney. EDINA HIGH SCHOOL GIRLS' TENNIS AND SWIMMING TEAMS COMMENDED. Mayor Courtney presented resolutions of commendation to the Edina High School Girls' Tennis and Swimming Teams for recent accomplishments in winning state championships. The resolution were unanimously adopted. LETTER OF RESIGNATION FROM MEMBER RICHARDS ACKNOWLEDGED. Mayor Courtney read the following letter of resignation dated December 29, 1988 from Member Richards: "Dear Mayor & Council Members: Effective 6:30 PM, January 9, 1989, I resign my position as Council Member of the City of Edina. Sincerely, Frederick S. Richards Council Member" CONTRACT APPROVED BETWEEN CITY AND INDEPENDENT SCHOOL DISTRICT 273 FOR SENIOR CENTER. Assistant Manager Hughes explained that the contract concerning the Edina Senior Center had been approved by the Board of Education of Independent School District 273 on December 23, 1988. The purpose of the agreement is to assure that CDBG requirements and regulations are followed by the School District and its contractor. At the same time a contract had been awarded for the improvements required for the Senior Center. The awarded contract was $129,533 or approximately $14,533 over.the cost estimate. There is adequate CDBG funding available in Year XIV to cover the extra cost without affecting other projects. The extra funding will come from uncommitted funds in the Year XIV Assistance to Low and Moderate Income Housing Project. Staff would recommend that the Council approve the contract. Member Smith introduced the following resolution and moved adoption: RESOLUTION APPROVING CONTRACT FOR EDINA SENIOR CENTER BE IT RESOLVED by the City Council of the City of Edina, Minnesota, that the contract presented at the special meeting of December 29, 1988, between the City and Independent School District No. 273 for the Edina Senior Center be and is hereby approved; BE IT FURTHER RESOLVED that the Mayor and Clerk are hereby directed and authorized to execute the contract on behalf of the City. Motion for adoption of the resolution was seconded by Member Turner. Rollcall: Ayes: Kelly, Richards, Smith., Turner, Courtney Resolution adopted. MEMBER TURNER EXPRESSES APPRECIATION FOR HAVING SERVED ON COUNCIL. Member Turner expressed her thanks and appreciation for having had the privilege and pleasure of working with the Council Members and Mayor. She said she admired the commitment to the City, the hard work, and objectivity of the Council Members and that she was proud to have worked with them. She added that she will be watching actions of the Council in the future and knows that the tough decisions will be made with thoughtfulness and care about the City. Member Turner also thanked the management team for their patient support as well as commitment to the citizens of Edina. She commented that staff is fantastic and highly skilled at running an efficient City, but are also responsive to change and to the concerns of the citizens. She extended her best wishes to all and said she would miss everyone. INTERVIEWS FOR COUNCIL CANDIDATES SCHEDULED FOR 12/30/88. Mayor -Elect Richards reminded the Council that interviews for Council candidates will begin at 8:30 a.m. on December 30, in the Council Room with the meeting open to the public. The Council Members, including Mayor Courtney and Member Turner, and Member Elect- Paulus were sent a packet of materials including a letter to prospective Council Members and a list of questions to be asked of each candidate. Mayor -Elect Richards explained that the questions are to help with the interviewing process but should not preclude any further questions of individual Council Members. Some discussion ensued regarding whether or not to hold a special meeting prior to January 9 to discuss the Council appointment. It was informally agreed that this would be determined following the close of the interviews and public notice could be given by posting. MAYOR COURTNEY AND MEMBER TURNER COMMENDED FOR YEARS OF SERVICE. Mayor -Elect Richards commented that it is difficult to see people go that you have known and worked with for a long period of time. He commended both Mayor Courtney and Member Turner for the extraordinary dedicated public service they have exhibited to the City. He added that this is something we all can feel very proud to share in and that they will be missed dearly. He said he wished them both the very best. STATEMENT OF ESTIMATED REVENUES, EXPENDITURES AND RECOMMENDED TRANSFERS APPROVED. Assistant Manager Hughes presented the State of Estimated Revenues, Expenditures and Recommended Transfer prepared by the Finance Department and recommended approval. Motion was made by Member Kelly and was seconded by Member Richards to approve the recommended transfers as presented in the "Statement of Estimated Revenues, Expenditures and Recommended Transfers for the Year Ended December 31, 1988. Ayes: Kelly, Richards, Smith, Turner, Courtney Motion carried. CLAIMS PAID. Motion was made by Member Smith and was seconded by Member Turner for confirmation of payment of claims dated 11/30/88: General Fund $250,463.73, Art Center $814.42, Swimming Pool Fund $316.78, Golf Course Fund $6,971.47, Recreation Center Fund $6,912.71, Gun Range Fund $475.81, Edinborough Park $7,510.33, Utility Fund $25,921.82, Liquor Dispensary Fund $345,031.27, Total $644,418.34, and for approval of payment of claims per Pre -List dated 12/29/88: General Fund $206,434.89, Art Center $1,033.88, Capital Fund $114.50, Golf Course Fund $5,334.96, Recreation Center Fund $15,097.05, Fun Range Fund $109.82, Edinborough Park $5,769.96, Utility Fund $17,135.52, Liquor Dispensary Fund $1,881.15, Construction Fund $5,979.80, Total $258,891.53. Ayes: .Kelly, Richards, Smith, Turner, Courtney Motion carried. REPORT FROM RECYCLING COMMISSION ON RECOMMENDATIONS FOR 1989 PROGRAM PRESENTED FOR STUDY. Mayor Courtney directed the Council Members' attention to the report in the Council packet from the Recycling Commission and staff with recommendations for the 1989 program and asked the Council members to review and study it in preparation for the January 9, 1989 Council Meeting when recycling program issues will be on the agenda. There being no further business on the Council agenda, Mayor Courtney declared the meeting adjourned at 5:30 p.m. Acting City Clerk 449t�1r.�, e2 T f, •'N�bRPOF1`S�G Joao REPORT /RECOMMENDATION To: Mayor & City Council From: Francis Hoffman City Engineer Date: 17 March, 1989 Subject: Sidewalk Hearing S -46 Xerxes Avenue From W. 60th Street to W. 62nd Street Recommendation: Agenda Item # III. A. Consent 0 Information Only ❑ Mgr. Recommends ❑ To HRA To Council Action Motion ❑ Resolution ❑ Ordinance ❑ Discussion Continue hearing to April 3, 1989 Info /Background: Staff had proposed a public hearing for a sidewalk on Xerxes Avenue as a result of a petition. The sidewalk project was proposed to be funded by State Aid funds. We have developed the plans for review by State Aid but a question of a need for a parking restriction may exist to obtain the funding. As such, we recommend a continuation on the hearing to clarify the State funding position. "P rw A. oe�, �y REPORT /RECOMMENDATION To: Kenneth Rosland Agenda Item # a A. From: Craig Larsen Consent ❑ Information Only ❑ Date: March 20, 1989 Mgr. Recommends ❑ To HRA Subject: S -89 -1 ® To Council Fairview Southdale Addition Action ❑ Motion U] Resolution ❑ Ordinance ❑ Discussion Recommendation: Final plat approval subject to receipt of executed Assessment Agreement. Info /Background: - The Council granted preliminary plat approval on February 21, 1989. The Board of Appeals, on March 2, 1989, granted the necessary variances to allow construction of the new medical office building. In June, 1987, the Council approved plans for the new building subject to certain conditions. One of those conditions was an agreement with the hospital to pay a portion of the cost of signalizing 65th Street and Drew Avenue. At this date the agreement has not been exeucted. The hospital is presently reviewing the agreement. -6 MINUTES OF THE REGULAR MEETING OF THE EDINA BOARD OF APPEALS AND ADJUSTMENTS HELD ON THURSDAY, MARCH 2, 1989 AT 5:30 P.M. EDINA CITY HALL MANAGER'S CONFERENCE ROOM FIBERS PRESENT: David Runyan, Len Olson and Geof Workinger MEMBERS ABSENT: Rose Mary Utne, John Palmer STAFF PRESENT: Philip S. Dommer, Senior Planner Jackie Hoogenakker, Secretary I. NEW BUSINESS: B -89 -1 BTO Development 6363 France Avenue South Request: Building setback and floor area ratio variances. Mr. Dommer told the Board the proponents have recently platted their property so the proposed medical office building at the Fairview Campus is on its own parcel for financing purposes. He added other plats have been done throughout the City to accommodate financing. Such plats are non - traditional and typically result in technical non - conforming features. Mr. Dommer explained in this instance, the new building does not meet the building setback requirement from the new lot line nor the floor area ratio requirement. He continued these requirements are established based on the new lot which was created for financing purposes. The new lot has no rational relationship to land use concerns and has been established for ownership purposes similar to that of townhomes. The proposed variances do not alter in any way the development of the project as approved by the City Council. The new building will meet all setback requirements and floor area requirements for the campus as a whole. Mr. Dommer concluded staff recommends approval of the variance as presented. Mr. Tom O'Connell was present representing BTO Development-. Mr. Workinger asked Mr. Dommer how far the proposed building will be from the parking ramps. Mr. Dommer responded the proposed building will be constructed 20 feet from the parking ramps. Mr. Len Olson moved for approval of the variance. Mr. Workinger seconded the motion. All voted aye. Motion carried. FAIRVIEW SOUTHDALE ADDITION _ 1 I /off ` I / '.� � Al 31 60.20 %0* Alp vocy 1.01 Z LU Zi 2 2 w 2 ul 2i. u x STREET CM-M.? 4.4"b6o.4, C10 MgNfe4 /bY Sere WE b, W, rz DETAIL 0 rY, '8 ;3 SCAl wFM is -u Z 5c.'• . FM S• 30 E 655TH "jj 59•z213-E ST. 23W%.; C_�i A CR ES N., ,,-IUTH,,A:.E A B.M W BEARVCS 6 ISRAELSON RmE. ELLINCSON Es Asso1 SHEET 2 OF2 SHEETS AGREEMENT (Special Assessment for Traffic Signal) THIS AGREEMENT is made this day of , 19 by and between FAIRVIEW COMMUNITY HOSPITALS, a Minnesota ( "Owner ") and CITY OF EDINA, a Minnesota municipal corporation, ( "City "). RECITALS: FIRST: Owner is the fee owner of certain real property ( "Property ") located in the City of Edina, Hennepin County, Minnesota, legally described on Exhibit A attached hereto and hereby made a part hereof. SECOND: City on June 15, 1989, Final Development Plan variance relative to number of conditions, obtaining from Owner of costs of constructing below). in case no. P -86 -5 did approve a for the Property, including a parking setbacks, subject to a one of which related to the an agreement to pay part of the the Traffic Signal (defined THIRD: Owner is agreeable to the payment of a share of the cost of constructing the Traffic Signal on the terms and conditions herein set out. NOW, THEREFORE, in consideration of the granting by City of the Final Development Plan approval and parking setback in the above - referenced case, and in consideration of the mutual covenants and agreements of the parties herein, it is hereby agreed as follows: 1. If City shall hereafter decide to construct or install, or have constructed or installed, the Traffic Signal, it shall be constructed and /or installed by City pursuant to then applicable City standards, and then normal City procedures, and may be assessed, in whole or in part, by City pursuant to then applicable Minnesota Statutes and City procedures, and Owner agrees that City.may levy an assessment against the Property in an amount equal to not more than 25% of the total cost of the Traffic Signal. For purposes hereof, "Traffic Signal" shall mean one fully activated traffic signal located at West 65th Street and Drew Avenue South. A fully activated traffic signal shall include, but not be limited to, poles, mast arms, signal heads for all traffic movements and directions, cabinets, power sources, loop detectors, and all electrical wiring associated with all of the foregoing., Also, for purposes hereof, the total cost of the Traffic Signal shall include, but not be limited to, the cost of constructing and /or installing the same, the cost then normally charged by City for its own engineering staff services and other costs then normally included by City in connection with projects for which assessments are levied, and including interest at the rate then charged by City on such costs, including such engineering costs, from the date the costs were incurred up to the date of the levy of the assessment. 2. If such an assessment is levied against the Property, the Owner shall not object to such assessment or levy in any way, or as to any particular, including, without limitation, the amount of the assessment, the allocation of the assessment among benefitted properties (it being agreed that the Property shall be benefitted by the Traffic Signal, and it being understood and agreed that some benefitted properties may not be assessed at all for the Traffic Signal), or the hearing process, and shall and hereby does, waive any and all objections to such assessments and the levy thereof and the process to determine the same, including, without limitation, waiver of any and all notices and hearings required by then applicable statutes in connection )with the making of such Traffic Signal improvement or the ,levying or such assessments. 3. All notices or demands required or permitted to be given under this Agreement shall be in writing and shall be deemed to be given when personally delivered to any officer of the party to which notice is being given, or when deposited in the United States mail in a sealed envelope, with registered or certified mail, postage prepaid thereon, addressed to the parties at the following addresses: To City: 4801 West 50th Street Edina, MN 55424 Attn: City Manager To Owner: Fairview Community Hospitals 6401 France Avenue South Edina, MN 55435 Attn: Administrator Such addresses may be changed by any party upon notice to the other party as herein provided. 4. The terms and provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors. and assigns, and shall run with the title to the Property and be binding upon all present and future owners of all or any part of the Property. 5. The undersigned warrants and represents that Owner has full power and authority to enter into this Agreement and that the undersigned can act for and bind Owner to the provisions of this Agreement. IN WITNESS WHEREOF, the parties hereto have caused this instrument to be duly executed the day and year first above written. OWNER: FAIRVIEW COMMUNITY HOSPITALS By: Its: CITY: CITY OF EDINA By: Frederick S. Richards Its Mayor And: Kenneth E. Rosland Its Manager STATE OF MINNESOTA) )ss. COUNTY OF HENNEPIN) The foregoing instrument was acknowledged before me this day of , 19, by , the of Far iew Community Hospitals, a Minnesota , on behalf of the . Notary Public STATE OF MINNESOTA) )ss. COUNTY OF HENNEPIN) The foregoing instrument was acknowledged before me this day of , 19 , by Frederick S. Richards and Kenneth E. Rosland, the Mayor and Manager, respectively, of the City of Edina, a Minnesota municipal corporation, on behalf of said municipal corporation. This instrument was drafted by: Dorsey & Whitney (JES) 2200 First Bank Place East Minneapolis, MN 55402 { Notary Public RESOLUTION APPROVING FINAL PLAT FOR FAIRVIEW SOUTHDALE ADDITION BE IT RESOLVED by the City Council of the City of Edina, Minnesota,,that that certain plat entitled " FAIRVIEW SOUTHDALE ADDITION ", platted by Fairview Hospital and Healthcare Services, a Minnesota corporation, and presented at the regular meeting of the City Council of March 20, 1989, be and is hereby granted final plat approval. ADOPTED this 20th day of March, 1989. 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 is a true and correct copy of the Resolution duly adopted by the Edina City Council at its regular meeting of March 20, 1989 and as recorded in the Minutes of said regular meeting. WITNESS my hand and seal of said City this 28th day of March, 1989. Marcella M. Daehn City Clerk ° 0'.i REQUEST FOR PURCHASE r s, TO: Mayor & City Council FROM: Francis Hoffman, Director of Public Works VIA: Kenneth Rosland, City Manager SUBJECT: REQUEST FOR PURCHASE IN EXCESS OF $5 000 DATE: 17 March, 1989 AGENDA ITEM VI. A. ITEM DESCRIPTION: Company Amount of Quote or &d �• Pitt -Des Moines, Inc. 1• $ 872,250.00 2. CBI NA -CON, Inc. 2. $ 950,000.00 3. 3. 4. 4. 5. 5. RECOMMENDED QUOTE OR BID: Pitt -Des Moines, Inc. $ 872,250.00 GENERAL INFORMATION: This project is a result of a comprehensive review of our water system in 1988. The report recommended a new water tower and three new deep wells. The Council has authorized one new well and bids for this project. The City has sold bonds to construct the new well and water tower. The Engineer's Estimate is $875,000.00. The staff would recommend award of bid to low bidder. Both bidders indicate a 1990 completion date due to delay on delivery of steel for the tank. A.. Si ature The Recommended bid is Public Works - Utility Department X within budget not Kenneth Rosland, Director 9. o De ' )`, r- e REQUEST FOR PURCHASE TO: Mayor & City Council FROM. Bob Ko j etin, Director VIA: Kenneth Rosland, City Manager SUBJECT. REQUEST FOR PURCHASE IN EXCESS OF $5,000 DATE. March 16, 1989 AGENDA ITEM y„ R_ ITEM DESCRIPTION: Van Valkenburg Park Recreation Building _Companv Amount of Quote or Bid RECOMMENDED QUOTE OR BID: Engco General Contractors $ 132,330 GENERAL INFORMATION: VAN VALKENBURG MASTER PLAN The recreation building is in our long range plan for Van Valkenburg Park. This is in our capital budget for completion in 1989. Lighting of the fields is also ificluded in the total completion, but is not scheduled in present or future budget'-at this_time. The Recommended bid is within budget not Parks & Recreation Department Kenneth Roslana City Wallin, Director 6 I. Engco General Contractors 1. $ 132,330 2. Michlitsch 2. 3. 143,670 Finley Bros. Enterprises 3. 158,583 4. S L & K Corporation 4. 172,400 5 5. RECOMMENDED QUOTE OR BID: Engco General Contractors $ 132,330 GENERAL INFORMATION: VAN VALKENBURG MASTER PLAN The recreation building is in our long range plan for Van Valkenburg Park. This is in our capital budget for completion in 1989. Lighting of the fields is also ificluded in the total completion, but is not scheduled in present or future budget'-at this_time. The Recommended bid is within budget not Parks & Recreation Department Kenneth Roslana City Wallin, Director 6 0 �' FOR � REQUEST PURCHASE TO: Mayor & City Council FROM: Bob Kojetin, Director VIA: Kenneth Rosland, City Manager SUBJECT: REQUEST FOR PURCHASE IN EXCESS OF $5Q_00 DATE: March 16, 1989 AGENDA ITEM vi . c ITEM DESCRIPTION: Van Valkenburg Park Softball Field Fencing & Backsto s Company Amount of Quote or Bid 1. Finley Brothers Enterprises 1_ $ 37,332.91 2. Fenc -Co 2. 48,834.75 3. Century Fence Company 3. 49,463.00 4. Viking Fence & Construction 4. 49,993.00 5. S L & K Corporation 5. 56,920.00 RECOMMENDED QUOTE OR BID: Finley Bros. Enterprises $ 37,332.91 GENERAL INFORMATION: VAN VAhKENBURG MASTER PLAN, The fencing and backstops are in our long range plan for Van Valkenburg Park. This is in our capital budget for completion in 1989. Lighting of the fields is also included in the total completion, but.is. not scheduled in present or future budget at this time. Sighe The Recommended bid is _X_ within budget not within Parks & Recreation Department Kenneth Rosland, Director IN I 4 MINUTES TRAFFIC SAFETY COMMITTEE MARCH 14, 1989 9:00 A.M. MEMBERS PRESENT: Fran Hoffman, Chairman Alison Fuhr Gordon Hughes Craig Swanson Bob Sherman MEMBERS ABSENT: None OTHERS PRESENT: Ms. Mr. Ms. Ms. Mr. Cap Ms. SECTION A Agenda Item VII.A Wendy Brockman, 3624 West Fuller Street Ken Jahr, 7450 Metro Boulevard Sara Severson, 5405 Beard Avenue South Lynn Farr, 5401 Beard Avenue South Jack Hays, 3604 West Fuller Street tain Len Kleven, Edina Police Department Joan Waterstreet, Edina Police Department Requests on which the Committee recommends approval as requested or modified, and the Council's authorization of recommended action. (1) A. Request for "STOP" and "YIELD" signs at West 54th Street and Beard Avenue South. Continued from October, 1988, Traffic Safety Committee Meeting. B. Request for "STOP" signs at intersection of Beard Avenue at West Fuller Street; and Drew Avenue at West Fuller Street. Petition received from 46 local residents. ACTION TAKEN: These two agenda items were discussed together as they encompass the total area of West 54th Street, Beard Avenue, West Fuller Street, and Drew Avenue. Captain Kleven reviewed accident statistics from 1983 to present and found only one accident on West Fuller Street and Drew Avenue in that time period. TRAFFIC SAFETY COMMITTEE MEETING March 14, 1989 Page 2 (Continued) Mr. Jack Hays, speaking on behalf of the residents, stated that speed is the primary concern of most residents. Several residents have young children and St. Peter's Lutheran School has both bus traffic and young children which they feel are at risk. Those who live in the neighbor- hood seem to drive slowly and cautiously, but those unfamiliar with the neighborhood do not slow their driving patterns in consideration of the many children present. Mr. Hays stated that people driving on Drew and Beard are used to a "STOP" sign every two blocks following the Minneapolis pattern of signing, and that when those "STOP" signs are no longer present every two blocks, they tend to speed up and try to make up for lost time. Mr. Sherman wondered if "NO THRU TRAFFIC" signs might be adviseable, but was told by Mr. Hoffman that these are unenforceable. When asked by Mr. Hoffman what the priority of their concerns might be, those present felt that Beard Avenue was probably of most concern, and also that sight obstructions at West Fuller Street and Beard Avenue also should be addressed. Captain Kleven asked when the best time for enforcement activity might be and was told that the after school hours through the early evening hours would probably show the greatest number of violators. Mr. Hoffman gave a synopsis of what he interpretted as the main areas of concern and this was later put into the form of a motion by Mr. Hughes. Mr. Hughes moved to: (1) install "STOP" sign on northbound Beard Avenue at the intersection of West 54th Street; 72) install "STOP" signs on east and westbound West Fuller Street at Beard Avenue; 3) check the northwest quadrant of Drew Avenue and West Fuller Street for possible clearview violations; and ( assign Traffic Enforcement Unit to this area to con- duct speed enforcement activities and consider possible advisory signing which might improve situation. Ms. Fuhr seconded the motion. Motion carried 5-0. (2) Request to reduce time restriction on parking spaces on west side of . service drive behind Americana State Bank. Request received from Gordon Hughes, City of Edina. ACTION-TAKEN: Mr. Hughes stated that Americana Bank will be involved in remodeling for the next three to four months. They are requesting that the seven park- ing stalls on the west side of the service drive be marked "Private" for bank customer parking. All on -site parking will be eliminated during this construction period. The stalls are presently designated 112 Hour Parking ". Mr. Hughes felt that if this was not an option, possibly reducing the time restriction to "1 Hour" or 90 Minutes" would have the same effect. TRAFFIC SAFETY COMMITTEE MEETING March 14, 1989 Page 3 (Continued) Captain Kleven commented that the seven stalls, to his knowledge, were used by other tenants of the Americana State Bank building on a first - come, first -serve basis. He suggested that another option might be to not re- install the "NO PARKING" signs on the north side of West 51st Street until the Americana Bank project was completed. These signs were removed temporarily last year during the construction period for the West 51st Street Ramp. Mr. Swanson moved to reduce the parking restrictions of these seven stalls to "1 HOUR PARKING "to conform with adjacent parking, and also to continue to allow parking on the north side of West 51st Street for the next 120 days. Mr. Hughes seconded the motion. Motion carried 5 -0. SECTION B Requests on which the Committee recommends denial of request. None. SECTION C Requests which are deferred to a later date or referred to others. (1) Request to upgrade the intersection of Valley Lane and Limerick Lane to a 3 -way "STOP ". Petition received from nine local residents. ACTION TAKEN: Petitioners requested that this item be deferred until the next meeting. The residents could not attend this meeting. . (2) Discuss traffic safety concerns on West 74th Street at Ohm's Lane. Request received from Captain Kleven, Edina Police Department. ACTION TAKEN: Captain Kleven stated that he had six documented complaints involving Ohm's Lane. Trucks parking on both sides of West 74th street, in vio- lation of current signing, are obstructing the view of those trying to exit parking lots and /or turn onto West 74th Street from adjacent streets. Mr. Hoffman explained that the City code states sufficient on -site parking must be provided by the business or a proof of parking layout TRAFFIC SAFETY COMMITTEE MEETING March 14, 1989 Page 4 (Continued) must be available. This would show expansion possibilities should on -site parking become inadequate at a future date. Another option for handling such parking shortages would be to make private arrange- ments to park at another location which would not be in violation of the code. Mr. Ken Jahr of Golden Valley Foods explained that the violators were independent truckers hired by his firm for shipping and transport. He further stated that all parties involved had been advised and that this would not be a problem in the future. Should a violation occur, he requested that the Police Department notify him and he would see that it was taken care of immediately. Mr. Hughes moved that this item be deferred indefinitely as the problem appeared to be resolved. Mr. Hoffman seconded the motion. Motion carried 5 -0. Meeting adjourned. Respectfully submitted, EDINA TRAFFIC SAFETY COMMITTEE r- e tp ch \ Gas A • IBBB REPORT /RECOMMENDATION To: Kenneth Rosland Agenda Item ## vii. B. From: Craig Larsen Consent ❑ Information Only ❑ Date: March 20, 1989 Mgr. Recommends ❑ To HRA Subject: MSP International a To Council Airport expansion studies Action ❑ Motion ❑ Resolution ❑ Ordinance El Discussion Recommendation: Info /Background: Attached, for Council review, is a letter to Mayor Richards from the Mayor of Richfield requesting Edina's-participation in a new airport study. Also attached is a revised request for proposal outlining the purpose of the study. City of Richfield • fi700 Portland Avenue • Minnesota 55423 City Manager Mayor Council James D. Prosser Steve Ouam Edwina Garcia Ivan Ludeman Martin Kirsch Michael Sandahl March 13, 1989 Fred S. Richards Edina Mayor 4801 West 50th Street Edina, MN 55424 -1394 Dear Ma s: Mayor Laughinghouse has asked me to speak for both our communities to thank you for attending the March 6 luncheon discussion of airport issues at the Decathlon. This evidence of your community's interest in this critical concern is sincerely appreciated. To summarize our discussion, the City Councils of Bloomington and Richfield are considering a plan to supplement and independently assess information developed in the Metropolitan Council Airport Adequacy Task Force Study and in the Metropolitan Airport Airports Commission ten year plan. Of particular concern is the effort of some groups to propel a conclusion that a new airport is desirable before the real impact of that action has been fairly investigated, and before the need for a new airport has been clearly established. To date, there has been no serious effort to quantify the economic costs to the south and west suburbs, as well as to the major downtowns, of removing this vital economic magnet to a distant site. Neither has there been a real evaluation of costs to the entire state, of providing infrastructure including the highways and transportation necessary to relocate the airport. Finally, the inconsistencies between Metropolitan.Council and MAC projections, as to future capacity requirements, and the relatively superficial investigation of MSP potential expansion alternatives, give rise to serious questions whether a new airport will, in fact, be required. Bloomington and Richfield have asked your community to consider helping to address these and other concerns enumerated in the Request for Proposals that we showed you at our meeting. Telephone 869 -7521 (612) An Equai Opportunity Employer March 13, 1989 Page Two The concept of this study has met with positive encouragement from Sen. Schmitz, whose committee is grappling with this issue. It is viewed as an objective attempt to coordinate existing information, and to "fill the holes" in the essential areas the Legislature should consider before encouraging a direction in airport planning that may determine a particular result. At the meeting you attended with us, there was a consensus of agreement that the study will be most effective if its primary objective is to provide a balanced analysis that will bring more certainty to the question whether a new airport is necessary or even desirable. This would be accomplished by coordinating existing data with new information developed on questions that must be considered before a fairly balanced evaluation can occur. We invite your city's participation in providing advice to develop an effective study, in endorsing this, and in providing financial participation in such amount as you may feel is appropriate. Rather than attempting to summarize in written form all of the considerations we discussed at our luncheon, Mayor Laughinghouse has expressed the willingness of his Council, and I convey the Richfield City Council's willingness, to provide representatives to meet with your Council and to answer questions your City may have about this proposal. Again, thank you for your community's continuing interest "and for your earliest response as you consider this proposal. Sincerely, t uam, or ity of Rich field SQ:eja cc: Mayor Laughinghouse Richfield City Council BRW. INC. THRESHER SQUARE F; PLANNING TRANSPORTATION ENGINEERING URBAN DESIGN 700 THIRD STREET SOUTH MINNEAPOLIS. MINNESOTA SS415 PHONE: 612/370-0700 FAX: 612/3741378 MEMORANDUM Date: February 3, 1989 To: James Prosser,' City of Richfield' r Elizabeth Morrison, City of Richfield, Byron Wallace, City of Richfield Larry Lee, City of Bloomington Rick 6eshwiler, City of Bloomington From: Dave Warner, BRW Re: Bloomington -.Richfield MSP Airport Adequacy Study Draft III Request for Proposal Enclosed, for your review, is the third draft of the request for proposal, revised per our discussion on February 1, 1989. My understanding is that MAC staff will review the last draft, and that you may wish to make modifications in the RFP at that time. If you have any questions, please call.. DW /jm Enclosure i P468865 MINNEAPOLIS DENVER PHOENIX TUCSON ST. PETERSBURG i Request for Proposal Minneapolis - St. Paul International Airport Adequacy Study Sponsored By: City of Bloomington City of Richfield 1 February 3, 1989 r i Request for Proposal Minneapolis - St. Paul International Airport Adequacy Study Sponsored By: City of Bloomington City of Richfield 1 February 3, 1989 r r Request for Proposal MSP International Airport Adequacy Study February 3, 1989 age BACKGROUND Two regional agencies, the Metropolitan Airports Commission and the Metropolitan Council, are currently involved in examination of and planning for international airport facility needs for the Minneapolis - St. Paul, Minnesota region. The Metropolitan Airports Commission (MAC), a regional agency directed by Commissioners appointed by the Governor, is responsible for the operation and management of all public airport facilities in the seven - county metro- politan area, including Minneapolis - St. Paul (MSP) International Airport, located at Wold Chamberlain Field. MAC began an update of its Master -Plan for MSP International Airport in 1985. After an' initial work phase which included facility inventory and activity forecasts, the work was halted by MAC because of the pending merger of Northwest Airlines and Republic Airlines. In its 1987 Session, the Minnesota Legislature directed that study of the ability of MSP to serve the future air travel needs of the Twin Cities area proceed on two fronts. The Metropolitan Council was directed to examine the long -term (Year 2020) need. The Metropolitan Airports Commission was directed to determine airport needs over the next ten years (Year 1998). Both studies were to be completed at the end of 1988. The City of Bloomington and the City of Richfield have joined together to conduct this third study of MSP Airport because of common concern regarding the future of the airport at this site. The Cities have three major con- cerns: o Relocation of the existing airport will result in loss of opportunity for economic growth for existing and future commercial and service businesses in the communities. o The impacts and benefits of the North -South runway alternative have not been fully addressed. o The impact on the metropolitan area of creating an additional growth center around a new airport have not been addressed. Request for Proposal P International Airport Adequacy Study February 3, 1989 a ee22 Metropolitan Council Study The Metropolitan Council's study!/ examined Twin Cities airport needs over a thirty -year period. The analysis found that the existing airport faci- lity would not adequately serve the demand expected during that period. The Metropolitan Council's study also examined the question of how long the existing airport could accommodate expected demand and concluded that existing airport facilities will not satisfy the level of demand expected to occur at MSP by the Year 2000. The study found that to meet Year 2000 demand at MSP, an additional (fourth) runway is needed. To meet Year 2020 demand, construction of another (fifth) runway would be required. The study concluded that the only alternative means of meeting future demand is construction of a new international airport. The Metropolitan Council study emphasized the potential negative effects associated with having inadequate airport facilities. The study pointed out the possibility that demand pot served at -MSP Airport would be likely to relocate to another city, and would probably not move back to the Twin Cities even if airport facilities were later expanded. As a result of this study, the Metropolitan Council has determined that planning for future airport needs should proceed on two tracks. o Capacity of the existing airport should be maximized. o Planning for a new airport should begin immediately, including site selection and landbanking. The Metropolitan Council recommended the two -track approach because the process required to site, plan, construct and place a new airport in opera- tion is very long and complex. If the process is not begun now, there is a real chance that the region could suffer severe economic loss resulting from the lack of adequate air transportation facilities. Metropolitan Airports - Commission Study MAC's study?/, as directed by the Legislature, focussed on a ten -year horizon. MSP 2000+ addressed airport capacity from the standpoints of 1/ Is the Airport Adequate? Report of the Minneapolis /St. Paul international 1rp3r equacy Study Advisory Task Force to the Metropolitan Council, October 1988. 2/ MSP 2000 +, Airport Master Plan Update, Metropolitan Airports ommission, Dec miter 1988. Request for Proposal MSP nternationa irport Adequacy Study February 3, 1989 Page 3 airside capacity (runways, taxiways, apron space), terminal capacity (gates, baggage handling, ticketing, queuing space, waiting space), and landside capacity (curbside loading /unloading, parking, public transpor- tation, traffic flow, access via the regional highway system). The study found that air traffic expected in the Year 2000 would require airport facilities improvements in several areas: . o Airside: Runway 4 -22 extension, and taxiway and apron improvements. o Terminal: additional gates, baggage handling space and ticketing space. o Landside: additional curbside space and parking capacity, upgrading of public transportation facilities, reconstruction of terminal area roadways to serve new terminal facilities. MSP 2000+ found that air traffic expected to occur in the Year 2000 can be a equateTy served by existing runways. This conclusion represents the basic difference between the Metropolitan Council's Airport Adequacy Study and the Metropolitan Airports Commission's MSP 2000+ Master Plan Update. MAC Commissioners have adopted the position that the two -track strategy proposed by the Metropolitan Council is the most reasonable approach to planning for future airport needs. The Commission also agreed to conduct an analysis of the need for and the feasibility of a new North -South run- way. STUDY OBJECTIVE The Metropolitan Council and the Metropolitan Airports Commission analyzed the same airport using the same base data and the same basic forecasts, yet came to different conclusions regarding the ability of MSP airport to serve air traffic volumes expected in the' Year 2000 and the nature of ai rs i de improvements necessary to serve expected air traffic. The objective of this study is to review the work of both agencies, supple- ment the work completed to date with additional analysis where necessary, and develop conclusions regarding: o Volume and mix of air traffic which will use MSP Airport during the forecast period. o Capability of MSP Airport to accommodata that traffic and alternative means of enhancing the airport's capacity. Request for Proposal MSP International Airport Adequacy Study February 3, 1989 age 4 o Economic impact of relocation of the existing airport on opportunities for economic growth by existing and future commercial and service businesses in Bloomington and Richfield. o Interaction between the Twin Cities region and other regions with respect to demand for air travel and the ability of each region to accommodate that demand. o The economic and environmental impacts and benefits of the North -South runway alternative on the communities. o The impact of creating an additional growth center around a new air- port. o Recommendations for Legislative and /or agency actions related to meeting future air travel needs in the Twin Cities market. When the results of the analysis conducted in this study differ substan- tially from the results of the Metropolitan Council study or the Metropolitan Airports Commission study, the Consultant team- will be expected to identify alternative assumptions, data sources, analysis metho- dologies, or resources which support the team's conclusions. STUDY METHODOLOGY The question of the adequacy of MSP Airport and the alternatives available for expanding its capacity have been analyzed by two independent and com- petent agencies and their consultants. The analyses reached different conclusions. In order to achieve credibility, an additional analysis must mobilize recognized expertise. Expert Panel This study will utilize an Expert Panel composed of knowledgeable and recognized experts in each of the relevant areas of interest in airport planning. The panel is expected to include experts in the areas of: o Airline Industry Economics o Air Travel Forecasts o Airfield Capacity o Airfield Design o Terminal Capacity o Terminal Design o Landside Capacity o Landside Design o Aircraft Noise . t Request for Proposal P International Airport Adequacy Study February 3, 1989 Page 5 o Land Use Planning and Development o Urban Economics o Airport Infrastructure Capacity o Airport Infrastructure Design The Expert Panel will be assembled by the project leader. The panel will include recognized and respected experts from the airline industry, from government, from academic institutions, and /or from the consulting field. Individual team members. are likely to possess significant experience in more than one area, and it is therefore expected that proposers panels will include about five to. six members. Each member of the proposed team will be expected to contribute to the analysis both within the member's area of special expertise, and as a seasoned observer of the commercial airline business -who recognizes the interrelationships among all areas of expertise. Even though the Metropolitan Council and the Metropolitan Airports Commission have each conducted extensive analysis of the airport, this study is not expected to merely review and comment on those analyses. It is expected that this analysis will uncover as yet unused base data and /or modify or refine previous work in ways which may influence the outcome of the analysis. It is.anticipated that a panel of experts will bring a fresh perspective to the issues, scope the analysis to crucial issues, formulate and execute the analysis required to identify and support alternative assumptions or analy- sis methodologies, and document those findings for referral to the Metropolitan Council and the Metropolitan Airports Commission for con- sideration. Study Management A key factor in execution of this project will be the management and coor- dination of the panel of experts and other study resources. Although experts are fully capable of carrying out the analysis required within their areas of expertise, the project leader will be responsible for coor- dination of those efforts, for facilitating the interaction of experts, for preparation and distribution of study products, and for interface with client representatives. WORK PROGRAM The work program consists of six tasks. The study will emphasize iden- tification of pivotal issues, reduction of scope, and focused analysis. Request for Proposal MSP International irport Adequacy Study February 3, Page 6 Task 1 - Review Available Data The client will provide the consultant team all available information related to key study issues, including analyses prepared by the Metropolitan Council and the Metropolitan Airports Commission. The con - sultant will review this data as well as any other relevant studies available to the team.. Although detailed review of the work previously conducted by the Metropolitan. Council and the Metropolitan Airports Commission is expected, collection of data from primary sources and independent analyses are' fun-' aspects of the project. If the consultant team requires any additional information to conduct the study, those needs will be referred to the client. The client will provide that information to the extent possible. Task 2 - Identify Key Issues ­Expert Panel The number of issues which have been raised during the execution of studies by the Metropolitan Council and the Metropolitan Airports Commission is large and wide ranging. It is likely that those issues could be reduced in number in a scoping process which would bring the study to focus on those issues which most strongly influence the conclusion regarding airport ade- quacy. - The responsible expert in each issue area will evaluate available infor- mation regarding that issue, and conduct additional research and analysis, if required. An issue description paper will be prepared which describes the issue, available related data and analysis conducted to date. The paper will present a recommendation to the Client as to whether that issue should be considered a pivotal issue and studied in detail. Issue description papers will be submitted to the client. *The client will reproduce and distribute the papers to all panel members for review. The Expert Panel will convene for its first meeting when all recommen- dations have been circulated and reviewed by all other experts and the Client. The first meeting will: o Select the pivotal issues from among the universe of issues originally identified. 0 Set parameters for in -depth analysis. . t . Request for Proposal MSP International Airport Adequacy Study February 3, 989 age It is anticipated that a maximum of five pivotal issues will be selected for detailed analysis. Task 3 - Prepare Issue Analysis Papers Pivotal issues. will be subjected to detailed analysis. Issue analysis papers will describe base assumptions and data, and analysis methodology and alternatives. The analysis will be carried to the point where clear and relevant differences. between this analysis and that conducted by the Metropolitan Council or the Metropolitan Airports Commission are iden- tifiable and supportable. Analyses will be thoroughly documented. Each issue paper will include discussion of any differences between its conclu- sions and those of previous analyses. Issue papers will be submitted to the client. The client will reproduce and distribute the papers•to all panel members for review and comment. Task 4 - Review Analysis Each issue paper will be critically reviewed by all panel members. Through the project leader, panel members will work toward consensus regarding the appropriateness and consistency of the assumptions, procedures and conclu- sions contained in each paper. Panel members will identify any refined or additional analysis required prior to reaching conclusions. Task 5 - Refine Analysis and Formulate Conclusions Panel members will conduct any refined or additional analysis required. Each panel member will then prepare a draft of findings and conclusions which reflects the expert's perspective. .Draft findings and conclusions will be submitted to the client. The client will reproduce and distribute the draft findings and conclusions to all panel members for review and comment prior to the panel meeting. Task 6 - Expert Panel: Conclusions and Report At the panel meeting, members will draft findings and conclusions regar- ding: o Volume and mix of air traffic which will use MSP Airport during the forecast period. Request for Proposal M P International Airport Adequacy Study February 3, 1989 age 8 ' o Capability of MSP Airport to accommodate that traffic and alternative means of enhancing the airport's capacity. o Economic impact of relocation of the existing airport on opportunities for economic growth by existing and future commercial and service businesses in the communities. o Interaction between the Twin Cities region and other regions with • _ respect to demand for air travel and the ability of each region to accommodate that demand. o The economic and environmental impacts and benefits of the North -South runway alternative on the communities. o The impact of creating an additional growth center around a new air- port. o. Recommendations for Legislative and /or agency actions related to meeting future air travel needs in the Twin Cities market. When consensus is reached, the Consultant will prepare a report which docu- ments the study process and findings and conclusions. The consultant will provide camera -ready copy of the report to the client for printing and distribution. PRODUCTS The Consultant will produce papers at three points: o Issue Description Papers - For review and discussion by the panel in order to identify key issues for detailed analysis. o Issue Analysis Papers - In -depth analysis of key issues. o Report - Full documentation of process, findings and recommendations. SCHEDULE The project is to be completed within six months of authorization to proceed. The study is expected to conform to the schedule listed below. ..o February 7, 1989 Request for proposals issued. Request for Proposal MSP International irport Adequacy Study February 3, 989 age 9 o February 16, 1989 Prepropasal-Conference 2:00 P.M., C.S.T. Council Chambers Richfield City Hall 6700 Portland Avenue Richfield,.Minnesota o March 6, 1989 Deadline for receipt of proposals. - o March 21, 1989 Interview selected consultant teams. o March 24, 1989 Consultant selected. o April 3, 1989• Authorization to proceed issued. o June 1, 1989 Task 2 complete; Expert Panel meets. o September 1, 1989 Task 5 complete; Expert Panel meets to review conclusions and recommendations. o October 1, 1989 Report issued, study complete. BUDGET The budget established to fund all. consultant services and expenses is $100,000.00. PROJECT MANAGEMENT The project will be managed by a representative of the City-of Bloomington and a representative of the City of Richfield. PROPOSAL CONTENTS The proposal will identify all members of the expert panel, and present their qualifications. The proposal should specifically describe how and by whom the project will be managed. Proposals will be a maximum of thirty pages in length. 6 Request for Proposal MSP International irport Adequacy Study February 3, 1989 Page 10 EVALUATION CRITERIA Two principal criteria will be used to evaluate proposals to conduct this project: o' Level of experience and expertise represented by members of the expert panel. • o Method proposed to manage and coordinate the work of the expert panel. ,rrl•• e t4 0 • • ~�bMt�v • RPO less REPORT /RECOMMENDATION To: Kenneth Rosland Agenda Item # From: Craig Larsen Consent ❑ Information Only Fx] Date: March 20, 1989 Mgr. Recommends ❑ To HRA Subject: Preferential runway test ❑ To Council at MSP International. Airport Action ❑ Motion ❑ Resolution ❑ Ordinance ❑ Discussion Recommendation: No action. Info /Background: A recent Star- Tribine article reported on the use of a U of M professor to review an airport related study. The subject study did not deal with the need for a new airport. The study concerned the results of the six month test of the preferential runway system. The test diverted some of the off peak traffic from south Minneapolis to the Highland Park area in St. Paul. The Airports Commission (MAC) hopes that by using the outside expert it can remove itself from the center of the debate between the two cities. n, w-: . j;� r-. e A, o •'N�bRPOR "& • ass REPORT /RECOMMENDATION To: KENNETH ROSLAND CITY MANAGER From: GORDON L. HUGHES ASSISTANT CITY MANAGER Date: MARCH 20, 1989 Subject: UPDATE - PURCHASE OF WHITE OAKS LOTS Recommendation! Info /Background: Agenda Item # VIII. c. Consent ❑ Information Only ❑ Mgr. Recommends ❑ To HRA 0 To Council Action. ❑ Motion ❑ Resolution ❑ Ordinance 0 Discussion On March 7. 1989, staff presented a purchase agreement to Richard J. Andron and Andron, Inc., relative to the White Oaks lots. This purchase agreement proposed the City's purchase of both lots for $26,600.00. On March 14. 1989. staff received the attached letter from Mr. Andron advising that Andron, Inc. had entered into a contract to design and build a home on a portion of the subject properties. Mr. Andron advised that under the circumstances it was not possible or feasible to consider the City's offer. also on March 14, 1989, we received an application for a building permit for a new single family dwelling on the subject property. Staff has done a preliminary review of the building permit application. Eased on tiLis review. it appears that the proposed dwelling does not comply with the required front yard set -back. We have previously requested that a building permit application for this property must be accompanied by soils investigations as well as engineering studies dealing with storm water drainage for the site. Mr. Andron's application was not accompanied by soils investigation or by the requested engineering studies. Report /Recommendation UPDATE - PURCHASE OF MITE OAKS LOTS March 20. 1989 Page Two Staff requests additional direction from the Council concerning the proposed purchase of these lots. Although Mr. Andron's present building permit application does not comply with our ordinance, it is conceivable that the plan could be revised to comply with our requirements. At this point we are unsure if the poor soils conditions and the drainage concerns on the property could be overcome. If they can, Mr. Andron may be in the position to request the City to issue a building permit for the property,. Enclosure onIGDE SN DEVELOPMENT CONSTRUCTION 5808 GARDEN AVENUE, EDINA, MINNESOTA 55436 March 11, 1989 Mr. Gordon L. Hughes Assistant City Manager City of Edina 4801 West 50th Street Edina, MN 55424 Re: Lot 1 White Oaks 3rd Addition Lot 9 White Oaks 2nd Addition Dear Mr. Hughes, In regard to the offer to purchase, which I received on March 10, my company, Andron, Inc., has entered into a contract to design and build a custom home on the Lot 9 area of the above - referenced property. The Lot 1 portion of this property will remain a natural area adjacent to the new home, and both lots will be owned by my client. Under the circumstances, it is not possible or feasible for me to consider this offer. Yours truly, At Richard Andron WHITE OAKS IMPROVEMENT ASSOCIATION March 17, 1989 TO: White Oaks Friends and Neighbors Re: Preservation of Townes Road Marsh Open Space and Ponding Area Dear White Oaks Friends and Neighbors: Based upon Edina city staff study and the strong local public response to White Oaks Improvement Association - supported informal solicitation for donors to a fund to assist the city in preserving the unique Townes Road marsh area, the Edina City Council on February 6, 1989, advised that it would acquire such additional rights as would be necessary to preserve the marsh as natural open space and ponding area, if private donations for 50 percent of the purchase price were pledged. The purchase price of these rights is currently esti- mated to be $26,600, which was the value placed on them by the Edina City Assessor, after departing owner Kenneth Monroe in 1987 split the portion of the marsh held in his ownership from the home at 4700 Townes Road. Fifty percent of the presently estimated market value is $13,300. This is about $4,000 over the approxi- mately $9,000 informally pledged by White Oaks and nearby neigh- bors and the $500 pledged initially by the White Oaks Improvement Association. The $9,500 informal pledge was slightly in excess of an amount estimated by the Association to be equivalent to the private percentage in a successful pledge campaign by the Artic Way neighborhood for city acquisition of open space. The higher percentage requested in the Townes Road marsh situation may be due to the depletion of the city's open space fund before the city became aware that the original developer's efforts to preserve the marsh had some possible problems. At this time, the city has requested that the informal pledges be made formal by being made in writing on the enclosed form suggested by the city attorney and that the total of the formal pledges be at least at the $13,300 level. We are advised that the pledge form is derived from the forms used when the Artic Way neighborhood successfully pledged to encourage and assist the city in acquiring the Krahl Hill open space. Some of the initial informal pledgers for the Townes Road marsh have already indicated a willingness to increase their pledge amount for this formal White Oaks Friends and Neighbors Page 2 March 17, 1989 pledge. We believe that others from surrounding areas who enjoy and appreciate the marsh's natural open space will also respond to this pledge request, if contacted. You are urged to copy and pass on this letter and the blank pledge form to any persons or groups you believe might be interested in supporting this effort. The Association, in addition to pledging the initial $500 and offering to undertake any necessary care of the marsh area, paid an initial retainer to attempt to obtain legal advice assuring that payment to the city made pursuant to the pledge would be tax deductible. However, it was not feasible to obtain a definitive legal opinion of universal application because of some valuation and special situation limitations. It was noted though that IRS Publication No. 526 for 1988 taxes lists on its checklist of contributions which may be deducted, contributions to local governments for public purposes and contribution to public parks and recreation areas, copy front page enclosed. (IRS Publication No. 526 is available at the Minneapolis IRS office in old Post Office building at Third and Washington Avenues.) The pledge form has been reviewed by legal counsel, and we are advised it appears to suitably support a tax deduction claim, if you are otherwise eligible to claim it. Each pledger seeking to take a deduction should check his or her specific situation. In any event, the Association urges you to join in this formal pledge effort to preserve the marsh as it was planned and established for 50 years by White Oaks developers J. Frank and Catherine Ecklund. Those who have already pledged informally are urged to confirm this by the enclosed pledge form and increase the amount, if they can. Those who have not joined in the initial in- formal pledge are urged to now formally pledge whatever they can. Each pledge, regardless of amount, indicates significant support for this public purpose. Pledges can be sent directly to the city (c /o Gordon Hughes, Assistant City Manager), or mailed to or dropped off with White Oaks President Dr. Don McMillan at 4701 Meadow Road or with Cliff Code at 4704 Townes Road. The results will be separately tabulated and delivered to the city to be totalled with those pledges the city receives directly. (This will afford reasonable anonymity for those desiring it.) A further letter advising of the general results and the city progress will be sent to those pledgers known to the Association. If there should be an excess of pledges over the necessary amount, the city has indicated that it will develop a feasible and equitable plan for requesting lesser payment or for refunding portions of paid pledges when the matter is resolved. White Oaks Friends and Neighbors Page 3 March 17, 1989 If you have any questions, please do not hesitate to contact the undersigned (922- 4711), Don McMillan (922- 0834), or Cliff Code (920- 2630). cc Mr. Gordon Hughes Dr. Don McMillan Mr. Cliff Code Ms. Catherine Ecklund Very truly yours, WHITE OAKS IMPROVEMENT ASSOCIATION A By Connor F. Schmid Secretary- Treasurer 4711 Meadow Road Edina, Minnesota 55424 �V Department of the Treasury ! Internal Revenue Service Publication 526 (Rev. Nov. 88) Charitable Contributions For use in preparing 1988 Returns Important Reminders Contributions allowed only as Itemized deduc- tions. You may claim charitable contributions only as an itemized deduction on Schedule A (Form 1040). This means if you do not itemize your deductions, you cannot take a deduction for charitable contributions. You cannot claim the deduction if you file Form 1040A or Form 1040EZ. Charitable travel expenses. Restrictions apply to the amount that may be deducted for travel expenses incurred when you are away from home performing services for a charitable organization. You may deduct these expenses, such as the costs of transportation, meals, and lodging, only if there is no significant element of personal plea- sure, recreation, or vacation in the travel. See Travel expenses, later in this publication. Capital gain property. Generally, if you contrib- ute capital gain property with a fair market value greater than your basis, you may deduct it at its fair market value. Under certain specified conditions, however, you must reduce that amount by the gain that would have been long -term capital gain if the contributed property had been sold at the time of the contribution. This reduction essentially limits your deductible amount to your cost in the property. See Capital gain property under Giving Property That Has Increased in Value, later. Introduction A charitable contribution is a contribution or gift to, or for the use of, a qualified organization. This publication provides information about: • Qualified organizations, • Deductible and nondeductible contributions, • Limits on deductibility, • Figuring your deduction, • Recordkeeping, and • Reporting your deduction. Checklist of Contributions Use the following lists for a quick check of the kinds of contributions you may or may not deduct. More examples are found later in this publication. You May Deduct — You may deduct contributions to: • Churches, Salvation Army, Red Cross, CARE, Goodwill Industries, United Way, Boy Scouts, Girl Scouts, Boys and Girls Club of America, etc. • Veterans' groups. • Nonprofit schools and hospitals. • Federal, state, and local governments, if the gifts are solely for public purposes. • Civil defense organizations. • Public parks and recreation facilities. You May Not Deduct — You may not deduct as contributions: • Dues, fees, or bills paid to country clubs, lodges, fraternal orders, or similar groups. • Cost of raffle, bingo, or lottery tickets. • Tuition. • Value of your time or services. • Value of blood given to a blood bank. • Donations to homeowners associations. • Gifts to individuals. Free Publications and Forms If you need information on a subject not covered in this publication, you may check our other free publications. To order publications and forms, call our toll -free telephone number 1- 800 -424- FORM(3676) or write the IRS Forms Distribution Center for your area as shown in the income tax package. Qualified Organizations Any organization can tell you if it is a qualified organization. You may deduct a contribution you made to, or for the use of, the following qualified organizations. A state, a U.S. possession (including Puerto Rico), a political subdivision of a state or possession, the United States, or the District of Columbia, if the contribution is made for public purposes only. An Indian tribal government and any of its subdivisions that are recognized by the Secretary of the Treasury as performing substantial government functions will be treated as a state for purposes of the charitable contribu- tions deduction. A community chest, corporation, trust, fund, or foundation organized or created in or under the laws of the United States, any state, the District of Columbia, or any possession of the United States. The organization must be organized and operated only for charitable, religious, educational, scien- tific, or literary purposes. It may also be for the prevention of cruelty to children or animals. Cer- tain organizations that foster national or interna- tional amateur sports competition are also included. Examples of qualified organizations. Qualified organizations include: • Nonprofit volunteer fire companies. • Civil defense organizations. • Public parks and recreation facilities. • Nonprofit hospitals and medical research organizations. • Churches or other religious organizations. • Most nonprofit educational organizations, including day care centers if substantially all the child care provided is to enable individuals (the parents) to be gainfully employed and the services are available to the general public. However, if your contribution is a substitute for tuition or other enrollment fee, it is not deducti- ble as a charitable contribution, as explained later under Nondeductible Contributions. • Utility company emergency energy programs, if the utility company is an agent for a charitable organization that assists individuals with emer- gency energy needs. • Most nonprofit charitable organizations, such as Salvation Army, Red Cross, CARE, Goodwill Industries, United Way, Boy Scouts, Girl Scouts, Boys and Girls Club of America, etc. • War veterans organizations, including posts, auxiliaries, trusts, or foundations, organized in the United States or its possessions. • Domestic fraternal societies operating under the lodge system, if the contribution is to be used only for charitable, religious, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. • Nonprofit cemetery companies, if the contribu- tion can be used only for the perpetual care of the cemetery as a whole, and not for a particular lot or mausoleum crypt. Deductible Contributions Generally, you may deduct your contributions of money or property that you make to, or for the use of, qualified organizations. If you give property to a qualified organization, you generally may deduct the fair market value of the property at the time of the contribution. See Gilts of Property, later. Your deduction for charitable contributions is limited to 50% of your adjusted gross income, but P L E D G E Townes Road Marsh Area In consideration of purchase to be made by the City of Edina of property situated within Edina for park and open space purposes and described as Lot 9, White Oaks 2nd Addition, and Lot 1, White Oaks 3rd Addition, and in consideration of the pledges of others made to assist such purchase, the undersigned hereby, joint and severally (if more than one), agree to contribute to the City of Edina the sum of Dollars ($ ), payable as follows: $ paid herewith $ on or before , 19 ; the balance on or before the first anniversary of this pledge. Dated: Address of Pledger(s): Phone Number: , 19 [signature] [signature] t 1 oeA` cn •'N�APORP��� • Jess REPORT /RECOMMENDATION To: MAYOR AND CITY COUNCIL Agenda Item # VII • D From: KENNETH ROSLAND Consent ❑ CITY MANAGER Information Only Fx] Date: MARCH 20, 1989 Mgr. Recommends ❑ To HRA Subject: 0 To Council INSURANCE RENEWALS Action. ❑ Motion ❑ Resolution ❑ Ordinance 0 Discussion Recommendation: Info /Background: The attached memorandum describes the renewal of the City's insurance coverage. M E M O R A N D U M DATE: March 17, 1989 TO: Kenneth Rosland City Manager FROM: Ceil Smith Assistant to the City Manager SUBJECT: INSURANCE RENEWAL PROGRAM It is time that we proceed with the renewal process for the City's various insurance renewal programs. The method that the City has used to procure insurance coverage is to have various agents take the City's insurance specifications into the insurance marketplace in order to secure premium quotations from the insurance companies. The premium quotations are sent to me for analysis. I use the City's actual losses that have accumulated during past years to help estimate potential premiums based on the quotations that I have received. Upon completion of the analysis. I then prepare a recommendation for the City Council to respond to. by authorizing the purchase of the insurance. The City's relationship with the agent does not end with the purchase of insurance. Throughout the year, the agent provides the coum►unication link between the City and the various insurance companys with which the City works. The City has enjoyed an excellent relationship between the agents and the companies. As a result of that relationship, the City has had an active approach to insurance coverage and risk reduction. The benefit to the City has been a direct savings in premium costs. Most recently, the City has received premium adjustments which have taken place within the last 12 months, based on the City's losses for the years of 1986 -1987, 1987 -1988. totaling $276,349. Additionally, as the direct result of the intervention of one of the City's agents, the City received coverage for a loss that without the work of the agent would have cost the City $6,000. In view of the excellent service that the City has received from the a_;ents that the City is currently dealing with. I would like to proceed to contact these agents to Legia tine renewal process iu the followi►io manner: Kenneth Rosland,.City Manager March 17, 1989 Page Two POLICE PROFESSIONAL AND PUBLIC OFFICIALS LIABILITY INSURANCE FOR THE CITY AND HRA. The renewal date is May 3, 1989. The.agent for this coverage would be Harris- Homeyer Agency. They would be going to the following markets for the quotations: Western World Insurance Company, Markel Service, Inc.. Tudor Insurance Co.., Special Risks, Inc. PROPERTY INSURANCE. The renewal date for the City's property insurance and related coverages is July 1, 1989. The agent for this coverage would be, Frank B. Hall. On behalf of the City. they would go to the following markets: The Hartford, Home Insurance Company, Royal Insurance Company, Zurich Insurance Company, Northbrook Insurance Company, Continental Insurance Company, The Chubb Group, and the League of IMN Cities Trust. GENERAL LIABILITY, AUTO LIABILITY AND WORKER'S COMPENSATION. The renewal date for the above mentioned coverages is July 1, 1989. Harris- Homeyer agency would go to the following markets for the City: Great American Insurance, League of Minnesota Cities Insurance Trust, Home Insurance, State Fund of Minnesota (Worker's Compensation), Perui Co, Merinco, and Fireman's Fund. BOILER AND MACHINERY INSURANCE. The renewal date for this type of coverage is August 18, 1989. The agent would be BHK &R. Inc. They would approach, on the City's behalf, the major insurers of this type. The markets for municipal insurance are somewhat limited. The agents that would be working on the City's behalf would be going to the major providers of this type of coverage. If you wish to discuss the approach to the renewals or have any suggestions. please contact me. A. e En •'N�bRPON`2�O • lase REPORT /RECOMMENDATION To: Mayor & Council Members From: Kenneth Rosland Date: March 17, 1989 . Subject: REAPPOINTMENTS Recommendation: Agenda Item # MIT. E. Consent ❑ Information Only ❑ Mgr. Recommends ❑ To HRA 0 To Council Action Motion ❑ Resolution ❑ Ordinance ❑ Discussion That the Council reappoint the four board members of the Heritage Preservation Board whose terms ended 2 -1 -89: David Gepner, John Metil, Lois Wilder and Donald Wray. Info /Background: I V oech se 0� .�° REPORT /RECOMMENDATION lase To: Mayor & City Council' Agenda Item. # VTT _ F. From: Francis Hoffman Consent ❑ City Engineer f Information Only ❑ Date: 17 March, 1989'-. ;_- Mgr. Recommends ❑ To HRA Subject: County -city- Property To Co- uncil Owner Negotiations 7010 & 7100 France Action Q Motion Avenue South ❑ Resolution ❑ Ordinance . ❑ Discussion Recommendation: Authorize Mayor and Manager to execute appropriate agreement with County and property owners which includes: Maintaining 24 foot public easement (presently known as Mavelle Drive); appropriate landscaping as agreed to by property owners; appropriate highway easements granted to Hennepin County and cost reimbursement to property.owners for reconstruction. Info /Background: City Council on March 6, 1989 Council meeting indicated a willingness to vacate Mavelle Drive subject to maintenance of a 24 foot public easement with additional landscaping on the west side. Also, a concern of use was discussed with the property owner. Planning staff has reviewed the ordinances and current conditions of the sites (staff memorandum attached). The property owner has made it clear that no additional covenants will be acceptable on. the land as a result of these negotiations. Hennepin County has been contacted and verbally has committed to cooperate on an agreement in which the reconstruction of the two sites, 7010 and 7100 France Avenue would be the compensation given in exchange for the necessary right -of -way on France Avenue. Mayor 6 City Council 17 March, 1989 Page Two A. Property owners will grant appropriate highway easements for France Avenue. B. Property owners will provide appropriate landscaping on the west side of the properties at property.owners' expense. C. City will vacate a portion of Mavelle Drive to allow for restructuring of parking per the attached sketch. No additional variances are needed for this site plan. New plan will maintain a twenty -four foot public easement from France Avenue to Sandell Avenue. (This appears to be in keeping with the request of the adjacent neighbors.) D. Hennepin County will agree to reimburse appropriate reconstruction costs to meet the new site plan. M E M O R A N D U M DATE: March 20, 1989 TO: Fran Hoffman, City Engineer ` FROM: Craig Larsen, City Planner SUBJECT: ZONING STATUS OF 7010 and 7100 FRANCE AVENUE SOUTH 7010 France Avenue South The property is zoned PC -2, Planned Commercial. Until recently the property was used for interior design offices and for furniture sales. Both uses are permitted in the PC -2 zone. The proposed reuse of the property is to convert the entire building to furniture sales. The major non - conforming feature of the property is parking quantity. The site cannot supply enough parking for any use permitted by PC -2 zoning. Furniture sales generates the lowest parking demand of any permitted use. As long as the building continues to be used for furniture sales we would treat it as a legal non - conforming use. A change in use would require adding parking, up to code requirements, or the granting of a variance by the City. 7100 France Avenue South The property is zoned POD -1, Planned Office District The property is used for general office use. The site is non - conforming with respect to parking quantity and parking setbacks. The building can legally continue to be used for office uses. CL /jh France Ave ri u t-, Sandell Avenue V = 20--0" J10• France Avenue % In the event of a successful agreement between the City of Edina, Hennepin County, and John and Martha Gabbert concerning the partial vacation of Mavelle Drive and the relocation of the parking lot at 7010 France Avenue South, Martha and John Gabbert will agree to landscape the west property lines of 7100 and 7010 France Avenue South with the following plant materials: 22 vertical conifers - 6 ft to 8 ft. Species to include white pine, scotch pine, or spruce. 8 spreading conifers. junipers, or yews. John Gabber V11 0- WME K Species to include mugo pine, Date 17 Date /k O Cn 3 �O \�bRPOM��O/ BBB REPORT/RECOMMENDATION To: KENNETH ROSLAND Agenda Item # III.G. From: CITY MANAGER GORDON L. HUGHES Consent ❑ ASSISTANT CITY MANAGER - Information Only ❑ Date: MARCH 20, 1989 Mgr. Recommends ❑ To HRA Subject: ❑ To Council EASEMENT - 5017 and Action. 0 Motion 5033 VERNON AVENUE ❑ Resolution ❑ Ordinance ❑ Discussion Recommendation: Authorize Mayor and City Clerk to execute new utility easements. Info /Background: In 1987, several easements were released and new easements were rededicated in connection with the redevelopment of the Jerry's Shopping Mall and Hardware Store. Utility easements serving the hardware store :were inadvertently vacated but never rededicated. These easements were located on the property owned by the Grandview Liquor Store. Jerry's is now askin,- that these utility easements be rededicated. Staff recommends the rededication. K r AO a &`6Z, ��ieeB -1.7 kt, REPORT /RECOMMENDATION To: KEN ROSLAND, MANAGER From: MARCELLA DAEHN, CLERK Date: MARCH 16, 1989 Subject: ELECTION CONTRACT WITH INDEPENDENT SCHOOL_ DISTRICT NO. 273 Agenda Item # VIT •H Consent F-x� Information Only ❑ Mgr. Recommends ❑ To HRA % 0 To Council Action ❑ Motion Resolution ❑ Ordinance ❑ Discussion Recommendation: Adoption of the following resolution by the Council. BE IT RESOLVED by the City Council of the City of Edina, Minnesota, that it` hereby approves the election agreement with Independent School District No.', as presented at the Council Meeting of March 20, 1989; ti BE IT FURTHER RESOLVED that the Mayor and Manager are hereby directed and authorized to execute the agreement on behalf of the City. Info /Background: The City's new voting system is computer driven and the programming for each '. election is done for the City by Hennepin County. This was part of the agreement when the cities in Hennepin County collectively decided to purchase this system. Under the terms agreed upon at that time was the provision that the County would only program those elections which were administered by the cities. This could include school district elections if the City had a contract with the school district which provided that the City would administer school district elections. The City, at the request of the School District, has been conducting their elections for many years, with the entire cost being billed to the School District. In order for this to continue, an agreement between the City and Independent School District No. 273 has been drafted, reviewed by the City Attorney and has been sent to the School District. The agreement was approved by the School Board at their meeting of March 13 and has been signed by their officials. This item should be placed on the Council Agenda of March 20 for the Council's review and approval. AGREEMENT BETWEEN THE CITY OF EDINA AND INDEPENDENT SCHOOL DISTRICT NO. 273 THIS AGREEMENT between the City of Edina ( "City "), a municipal corporation under the laws of Minnesota, and Independent School District No. 273, a public corporation organized under the laws of the State of Minnesota ( "District "), WITNESSETH: WHEREAS, the City has a voter registration system ( "System ") and vote tabulating system, known as Optech III -P ( "Equipment "), and WHEREAS, the District desires to use the System and Equipment for District elections which do not coincide with City, state or federal elections; and WHEREAS, the City is willing to make the System and Equipment available to the District for such District elections, in accordance with the terms and conditions stated herein, whenever that may be compatible, in the City's sole determination, with the City's capabilities and requirements respecting the City's own elections and the orderly administration of elections in general; NOW, THEREFORE, it is mutually agreed that: 1. Upon the written request of the District and the written approval of the City Clerk ( "Clerk ") the District may utilize the City's System and Equipment for a District election in accordance with the terms and conditions stated herein. 2. To enable the Clerk to evaluate the feasibility of each request, the District shall submit the following information with each request: a) the proposed election date; b) the proposed election poll hours; and c) a description of the precincts and polling places intended to be used by the District. 3. The Clerk may deny a request if the Equipment is required, in the City's sole determination, for use by the City during the time requested by the District. 4. As soon as possible after a request is so approved, the Clerk shall proceed to identify eligible and available election judges. The Clerk shall send the list of eligible judges to the District for approval. The list shall include the Clerk's proposed assignment of those judges in accordance with election administration needs and requirements. 5. Should the District determine not to approve the list of election judges and assignments proposed by the Clerk, the request-for and approval of the use of the System and Equipment shall be deemed void for purposes of that election and the District shall be responsible for the conduct of that election. 6. The City hereby agrees to provide the following services with respect to the System and Equipment for those District elections for which a request is made and approved pursuant hereto: -1- a) provide for and administer pre - election voter registration; b) prepare voter registration files and furnish election day precinct lists of registered voters; c) provide for printing of ballots following layout approval by the District; d) program the Equipment for use in the District election; e) perform all tests of the Equipment as required by Minnesota Statutes; f) arrange for delivery of the Equipment the day before the election and for pickup of the Equipment the day following the election; g) prepare Equipment for the election at the polling places; h) train election judges regarding use of the Equipment and election procedures;, i) provide all supplies related to and necessary for proper use of the Equipment; J) monitor voting activity at the polls, including processing and tabulation of votes; and 1) provide such other services in conjunction with the District's use of the Equipment as_..i_n_.the Clerk's judgement may be reasonably required. 7. The District hereby agrees to perform all functions related to proper conduct of school district elections pursuant to Minnesota Statutes, Chapter 205A and related statutes, including the following: a) schedule the District election in accordance with its request of the City; b) post and publish all legal notices for the District election, including equipment testing notices as provided by Clerk; b) approve the layout of the ballot prior to printing; c) handle and distribute absentee ballots for the District election; d) tabulate and canvass returns; e) issue certificates of election to candidates; f) reimburse the City within 10 days of demand made by the City for the total cost of the District election incurred by the City; and g) reimburse the City within 10 days of demand for any expense the City shall incur in connection with any recount. 8. The District hereby agrees to defend, indemnify and hold harmless the City, its officers, officials, employees, and agents, from any and all claims, causes of action, demands, lawsuits, damages, losses or expenses, including reasonable attorney's fees, arising out of or due to the act of negligence of the District in connection with the provision of services in accordance with the terms of this Agreement or the use of the System or Equipment pursuant hereto. Also, the District waives and releases the City and its officers, officials, employees and agents from any 'and all claims, demands, and causes of action of the District resulting from or claimed to result from any failure of City, City Clerk, election judges, or any other officer, official, employee or agent of the City to fully and timely perform any of its, or their duties or obligations under this Agreement, or for failure of the System or Equipment to operate property. Also, the District agrees to be solely responsible for the System and Equipment while being used by the District pursuant to this Agreement. -2- „i 0 9. This Agreement may be amended in writing at any time by mutual consent of the parties and shall continue until terminated by resolution of the governing body of either the City or the District. IN WITNESS WHEREOF, the City and the District have caused this Agreement to be duly executed as of this day of , 1989. -3- CITY OF EDINA Mayor M�n�anr L 7 A. \��•� SsV• Aeee REPORT /RECOMMENDATION To: KEN ROSLAND, MANAGER From: MARCELLA DAEHN, CLERK Date: MARCH 17, 1989 Subject: BEER LICENSE RENEWALS Recommendation: Agenda Item # VII • I Consent 0 Information Only ❑ Mgr. Recommends ❑ To HRA To Council Action Fx_1 Motion ❑ Resolution ❑ Ordinance ❑ Discussion Council approval of the beer license renewals as listed. Info /Background: In accordance with Ordinance No.. 902, beer licenses require approval by the City Council before they can be issued. The following applications for renewal have been approved by the Police and Health Departments and are ready for Council approval. On -Sale 3.2 Beer License (Renewal Biltmore Bowl .Braemar Golf Course Braemar Golf Dome Bravo! Italian Specialties Corelli's Pizza & Pasta Daytons Food Service Edina American Legion Post Ediner Restaurant Empress Restaurant Good Earth Restaurant Off -Sale 3.2 Beer License (Renewal) Edina Superette Holiday Stations Inc. Jerrys Foods (also off -sale) Normandale Golf Course Original Pancake House Pantry Restaurant Southdale Bowl Szechuan Star Restaurant T J's Family Restaurant The Lotus III Kenny Markets Red Owl Country Store Superamerica Station e Agenda Item X.A M E M O R A N D UM TO: Kenneth Rosland, City Manager FROM: Captain Kleven DATE: March 14, 1989 SUBJECT: - Traffic Enforcement -- Halifax Avenue During the months of October, November and December, 1988 and January, 1989, the Traffic Enforcement Unit provided in excess of twenty -five hours of intense traffic enforcement on Halifax Avenue. The Unit concentrated its efforts between West 51st and West 54th Streets. Four drivers were cited for exceeding the posted speed limit and two stop sign violators were cited. Fifteen additional citations were issued for miscellaneous violations, i.e., registrations, seat belts, parking, etc. The compliance rate is extremely high when.compared to other residential streets in the community. The Traffic Enforcement Unit will again monitor the area during the month of April, 1989, to assure compliance as we approach the fair weather season. Leonard Kleven Captain EDINA POLICE DEPARTMENT LK:jmw Agenda Item X.B off Legislative as ociati n of con'taCt me�ropoli�an municipalities March 16, 1989 Alert Number 2 TO: AMM Legislative Contacts FROM: Vern Peterson, Executive Director Roger Peterson, Director of Legislative Affairs Melanie Ault, Legislative Coordinator, a LMC /AMM LEGISLATIVE CONFERENCE Mark your calendar for WEDNESDAY, MARCH 29, 1989 with "LMC /AMM Legislative Conference. The Conference will be held all day long at the St. Paul Radisson, 11 East Kellogg Boulevard. You may have already received -a Conference Schedule from the League. Panel sessions will be held on some important AMM topics, such as Property Tax Reform, Comparable Worth and Tax Increment Finance. Expect to see some AMM Contacts on these panels. Call your legislators, today! Tell them you will be attending the Conference on the 29th, and that you would like to make an appointment to meet with them between 3:30 and 5:30 that day. (The Conference has reserved this time for you to meet with your legislators.) At 5:30, there is a reception back at the Radisson, and all legislators have been invited. Come and enjoy the fine food and drinks, and the chance to talk with your legislators in a relaxed atmosphere. If you or someone from your city will be at the reception let your legislators know and encourage them to drop in and have a drink or bite to eat with you in the relaxed atmosphere. Enclosed is a registration form. Please fill it out and return it to the League. We will be looking for you! (OR, Your legislators will be looking for you!) 183 university avenue eas, st pauj,- ninnesota 55101 (612) 227 -4008 RTB REORGANIZATION? The Governor has recommended repeal of the RTB and transfer of its duties. Several key legislators are pursuing that idea. The AMM has been asked to comment. The following.is a preliminary AMM Transportation Committee . report that will be forwarded to the AMM Board for action at its April 6 meeting. Call us if you think the draft should be changed. METROPOLITAN TRANSPORTATION (Policy draft) Concerns have been raised recently by the Administration through the Governors budget and by some legislators that there needs to be changes in planning and implementation to optimize Metropolitan Transportation decisions. It is perceived that the current structure for transit and highway planning and implementation lacks coordination and involves too many agencies; MNDOT, Metropolitan Council, RTB, MTC, other providers and various County Rail authorities. The duties and authority of each of these as they relate to each other and specific projects often tends to be blurred, overlapping, or lacking. The AMM has recognized through policy that there should be some additional coordination between MNDOT Highway implementation planning and RTB transit planning to achieve coordinated Transportation implementation and that overall approval authority for individual LRT proposals should reside at the Metropolitan level. There is also a significant lack of local elected officials involvement in the Metropolitan Transportation Planning and Implementation process. To resolve this fragmentation and lack of coordination the AMM is recommending the formation of a Metropolitan Transportation Board (MTB), which organizationally would replace the RTB and have coordinating as well as approval authority over Metropolitan highway projects, LRT projects, and other transit provisions. The Metropolitan Council would retain long range planning and develop, as it does now, the various framework development quides that indicate the general growth needs in the four basic areas of sewers, transportation, parks, and airports. The new MTB would develop in coordination with MNDOT, County Rail authorities, and transit providers, an implementation plan to meet the transportation needs as defined by the Metropolitan Council. The MTB, in order to be representative and maintain credibility, should have a large directorate board comprised of at least 50% locally elected officials. An excellent model is the Transportation Advisory Board (TAB) to the Metropolitan Council. The TAB is made up of 10 city elected officials, 7 county elected officials, 8 citizens at large, 5 state or region agency chairs, and a chairperson. It has a Technical Advisory Committee which has engineers, planners, and other non elected technicians to screen projects and provide advice on technical merits. TAB has been very effective in garnering inter agency cooperation in making decisions on projects for Federal Aid Urban and other funds. -2- The MTB could in fact be a legislatively enhanced TAB, keeping primarily the same Board with possible exception of the 8 citizens at large. These persons could be an advisory type body to the primary board. In order for the MTB to function authoritatively: it must have a large board with a large constituency such as TAB; it must be given coordinating and approval authority; and it must be given the appropriate staff. The AMM currently has nominating authority for the city elected officials on TAB and suggests this same authority for an MTB since the AMM does represent approximately 90$ of the metro population and nearly 100% of the Transit District population. The MTB as a minimum should have as Board members the Commissioner of Transportation, Commissioner of Finance and the Metropolitan Council Chair and optionally the chair of MAC and MPCA. The chair should be part time and appointed by the Metro Council. Members other than specific agency heads should be appointed b'y the Metro Council from nominations by the AMM, and counties. The AMM.makes an.expanded TAB suggestion cautiously. Although, it is believed the right elements exist for a successful MTB in TAB, the AMM does not want to lose the excellent comprehensive and cooperative . process for problem solving established by TAB and TAC. If expanding TAB to MTB would deteriorate the effectiveness of the current TAB process or reduce the local elected officials involvement, then the AMM strongly recommends a new additional structure /organization as the 14TB rather than an extension of TAB authority. - THE AMM RECOMMENDS A NEW ORGANIZATION ENTITLED METROPOLITAN TRANSPORTATION BOARD (MTB) TO PROVIDE AN ENHANCED PLANNING AND IMPLEMENTATION PROCESS FOR COORDINATED METROPOLITAN TRANSPORTATION. THE NEW MTB WOULD ASSUME ALL DUTIES AND STAFF OF THE RTB AND HAVE COORDINATION AND APPROVAL AUTHORITY FOR METROPOLITAN HIGHWAY AND TRANSIT PROGRAMS INCLUDING LRT. ITS BOARD SHOULD AT LEAST CONSIST OF 8 TO 10 CITY ELECTED OFFICIALS NOMINATED BY THE AMM, SEVERAL COUNTY ELECTED OFFICIALS, THE COMMISSIONERS OF TRANSPORTATION AND FINANCE, AND THE METRO COUNCIL CHAIR. THE METROPOLITAN COUNCIL SHOULD APPOINT THE MTB CHAIR AND THE ORGANIZATIONALLY NOMINATED LOCAL ELECTED OFFICIALS. IT SHOULD MAINTAIN ITS ROLL AS LONG RANGE PLANNER FOR THE FOUR AREAS OF SEWERS, TRANSPORTATION, PARKS AND AIRPORTS. THE MTB SHOULD BECOME THE AGENCY FOR OVERALL TRANSPORATION IMPLEMENTATION PLANNING AND COORDINATION. FINALLY, THE AMM WOULD SUPPORT THE TAB BECOMING THE MTB, BUT ONLY IF THE CURRENT TAB COMPREHENSIVE AND COORDINATED PROCESS AND SUCCESSFUL OPERATION IS NOT COMPROMISED OR LOCAL ELECTED OFFICIAL PARTICIPATION REDUCED. PROPERTY TAX REFORM For your information, the AMM is having a bill drafted to preserve a homestead relief program and provide accurate state paid data on the property tax statement. The bill will contain the following features. -3- CONVERTING THE 1989 HOMESTEAD CREDIT INTO A 1990 AND FUTURE YEAR'S HOMESTEAD RELIEF PROGRAM 1. Continue the tax capacity for the first $68,000 of homestead market value at 2.17$ 2. Calculate the lesser of $750 times the number of homesteads within each unique taxing district or 52% of the 1989 tax burden on the first $68,000 of homestead market value of each homestead in the district up to a maximum of $750 per household. (A unique taxing district is a taxing district in which the levy of each unit of local government is consistent through the district. Thus, a city divided by two school districts would consist of two taxing districts.) 3. Calculate the average 1989 amount per homestead per taxing district as determined in (2) above. 4. Determine the number of new homesteads or the reduction in the number of homesteads in the district which occurred during 1989 (or the previous year for calculating the relief for 1991 and future years). 5. For payable 1990, and future years, the homestead relief amount calculated in (2) paid to each taxing district shall be increased by the increased amount of homesteads determined in (4) times the average 1989 amount per homestead per taxing district calculated in (3). 6. The County Auditor shall annually apportion the amount of homestead relief among the homesteads in the taxing-district proportional to the amount of market value of each homestead under $68,000. 7. The property tax statement should reflect as state paid homestead relief only the amount apportioned to each homestead in (6) above. LMC 1989 Legislative Conference Wednesday, March 29, 1989 Radisson St. Paul Hotel 11 East Kellogg Blvd. St. Paul, Minnesota 55101 Registration City (Please print or type) Name Name Name Title Title Title Registration fee: $55.00 advance, $65.00 on -site. Advance Registration Deadline -- Wednesday, March 22, 1989. Check enclosed in the amount of 5 Fee includes conference registration, luncheon, and evening reception with legislators invited. Mail to League of Minnesota Cities, 183 University Avenue East, St. Paul, MN 55101. ! .................................................................................................................................................................................... ............................... Radisson' Hotel St Paul DON'T FORGET - rI raw julku BI.I MAKE CHECK OR MONEY ORDER S+. Pwl MN 55101 PAYABLE TO RADISSON HOTEL ST. PAUL (6121 "I-low DO NOT SEND CURRENCY. ORGANIZATION League of Minnesota Cities FUNCTION 1989 Legislative Conference DATES March 28 -29, 1989 ALL REQUESTS FOR THE ABOVE GROOP MUST BE RECEIVED BY March 14, 1989 Please reserve accommodations for Pant or Type NAME COMPANY ADDRESS LAST FIRST CITY STATE 21P CODE SHARING ROOM WITH NO. OF PERSONS SIGNATURE PwnNC AuIuRra ARRIVAL DATE DEPARTURE DATE CHECK IN TIME 3:00 PM CHECK OUT TIME 12:00 PM ACCOMMODATIONS WILL NOT BE CONFIRMED WITHOUT A CHECK FOR THE 1st NIGHT'S DEPOSIT OR USE YOUR AMEX OR DINERS CLUB CREDIT CARD M TO GUARANTEE YOUR RESERVATION. YOU WILL BE CHARGED FOR THE 1st NIGHT IF RESERVATIONS ARE NOT CANCELED 48 HOURS PRIOR TO ARRIVAL. CREDIT CARD a O AMEX O OINERS CLUB O VISA ❑ MASTERCARD EXPIRATION DATE (PLEASE CHECK ONE) PREFERRED ACCOMMODAT SPECIAL REDUCED RATES FOR MEMBERS ONLY $58.00 SINGLE $68.00 DOUBLE (2 People) IF RATE REQUESTED IS NOT AVAILABLE. NEAREST AVAILABLE RATE WILL BE ASSIGNED. THERE IS AN ADDITIONAL $12.00 I CHARGE FOR THE THIRD OR FOURTH OCCUPANT IN EACH ROOM, RATES ARE SUBJECT TO APPLICABLE TAXES. NO CHARGE FOR CHILDREN UNDER 18 OCCUPYING THE SAME ROOM AS PARENTS. vo X21 26 Minnesota Cities 350 PARK AVENUE NEW YORK, NEW YORK 10022 (212)415 -9200 1330 CONNECTICUT AVENUE, N. W. WASHINGTON, D. C. 0.0036 (208)857 -0700 3 GRACECHURCH STREET LONDON EC3V OAT, ENGLAND 01-929-3334 36,RUE TRONCHET 75009 PARIS, PRANCE 01- 42- 66 -59 -49 PAR EAST FINANCE CENTER HONG KONG 852- 5-8612555 DOBSEY & WHITNEY A PABeNiH — INCLODSNO PaoxeB —.— Co.--,—. 2200 FIRST HANR PLACE EAST MINNEAPOLIS, MINNESOTA 55402 (612 ) 340 -2600 TELEX 29 -0605 FAX (612) 340 -2868 Ms. Marcella Daehn Mr. Gordon Hughes Mr. John Wallin City of Edina 4801 West 50th Street Edina, Minnesota 55424 JEROME P. GILLIGAN (612) 340 -2962 March 15, 1989 Re: March 20 Bond Sales Dear Marcella, Gordon and John: 340 FIRST NATIONAL BANK BUILDING ROCHESTER, MINNESOTA 55903 (507)288 -3156 315 FIRST NATIONAL BANK BUILDING WAYZATA, MINNESOTA 55391 (612)475 -0373 1200 FIRST INTERSTATE CENTER BILLINGS, MONTANA 59103 (406)252 -3800 201 DAVIDSON BUILDING GREAT PALLS, MONTANA 59401 (406)727 -3632 127 EAST FRONT STREET MISSOULA, MONTANA 59802 (406)721 -6025 Enclosed are the forms of resolution awarding the sale and setting forth the terms and conditions of the four bond issues to be sold at Monday's Council meeting. The various blanks in the resolutions will be completed once the sale details are known. Please review the resolutions and call me if you have any questions or comments. JPG:cmn Enclosures cc: Rusty Fifield Yours trul , Per e &Gl an I`IHFi cV_1 1'�+�J 14: U4 FRUM PFS TO 992 75032 P.01 11 512 Nicoliet Mali, Suite 350 • Minneapolis, MN 55402 o (612) 333 -9177 MEMORANDUM DATE: March 20, 1989 TO: City of Edina, Minnesota City Council and Staff FROM: Public Financial Systems, Inc. SUBJECT: Results of Bond Sales This morning City staff members attended the bid opening in our offices for the following issues: $8,425,000 G.O. Tax Increment Bonds $5,3000000 G.Q. Taxable Tax Increment Bonds $2,100,000 G.O. Recreational Facility Bonds . $1,760,000 G.O. Improvement Bonds Bid tabulations comparing the results of the sales for each issue have been prepared and presented.to the City. The tabulations compare the Price (amount of discount taken), Interest Rates, Net Interest Cost, and Net Interest Rate for each bid. The' award'is based on the lowest Net Interest Rate. The low bid for each of the issues was submitted by the syndicate (bidding grow headed by First Bank Systems Capital Markets. Coincidentally, First Bank was the low bidder on three of the four issues sold last October. The low bid accurately reflects current market conditions and fits the financial feasibility criteria for each bond issue. We recommend that the City accept the low bids for each issue. The table below compares the results of sale with the parameters used for planning. All issues were structured using the interest rates from the October sales. This comparison provides a good indicator on the change in market conditions over the past six months. With the exception of the $8,425,000 G.O. Tax Increment Bonds,, interest rates are slightly higher than projected. The difference in rates is strongest in the early maturities. These rates reflect the recent rise in short term interest rates for all types of investments. ss U e - -- Projected - -- Interest Rate Cost - - -- Actual - - -- Interest Rate Cost $5,300,000 G.O. Taxable Tax Increment 9.6981%* $8,107,373 10.2729 $89549,070 80425,000 G.O. Tax Increment 1.2684* 9,687,468 7.3254 9,653,114 $1,760,000 G.O. Improvement 6.8148 854,454 7.0882 891,055 $2,100,000 G.O. Recreational Facility 7.2100 1,936,209 7.2901 1,961,444 *Results from October sale MAR -20 -1989 14:05 FROM Edina Sale Results March 20, 1989 Page Two PFS TO 99275032 P.03 The bid interest rates have been used to recalculate the debt service sche- dules for the Recreational Facility and Improvement Bonds and the cash flow analysis for the Tax Increment Bonds. These tables are attached to this memo. The revised analysis demonstrates that all of the bond issues are financial feasible using the low bid interest rates. It has been our pleasure serving as your financial advisor on these issues. We hope that you share our satisfaction with the sale results. CITY OF EDINA $2,100,000 G.O. RECREATIONAL FACILITY BONDS - FINAL ANALYSIS DATE PRINCIPAL RATE . .............. INTEREST P -6 I ............ ANNUAL P $ I PLUS- 100% EXISTING DEBT ............. ............. PLUS: 1988 BONDS ............ TOTAL DEBT ............. 01- Jan -90 112,136.25 112,136.25 01- Jul -90 01- Jan -91 74,757.50 74,757.50 74,757.50 74,757.50 186,893.75 140,500 •176,225 503,618.75 01- Jul -91 01- Jan -92 65,000 6.750 74,757.50 74,757.50 74,757.50 139,757.50 149,515.00 137,187 176,225 462,927.00 01- Jul -92 01- Jan -93 70,000 6.750 72,563.75 72,563.75 72,563.75 142,563.75 212,321.25 133,725 200,463 546,508.75 01- Jut -93 01- Jan -94 70,000 6.800 70,201.25 70,201.25 70,201.25 140,201.25 212,765.00 130,125 198,925 541,815.00 01- Jut -94 01- Jan -95 75,000 6.800 67,821.25 67,821.25 67,821.25 142,821.25 208,022.50 174,500 197,363 579,885.00 01- Jul•95 01- Jan -96 80,000 6.900 65,271.25 65,271.25 65,271.25 145,271.25 208,092.50 166,800 195,775 570,667.50 01- Jul -96 01- don -97 85,000 6.900 62,511.25 62,511.25 62,511.25 147,511.25 207,782.50 158,900 194,163 560,845.00 01-Jul-97 01- Jan -98 95,000 6.950 59,578.75 59,578.75 59,578.75 154,578.75 207,090.00 150,850 192,525 550,465.00 01-Jul-98 01- Jan -99 100,000 7.000 56,277.50 56,277.50 56,277.50 156,277.50 210,856.25 142,675 190,863 544,393.75 01 -Jut -99 01- Jan -2000 105,000 7.050 52,777.50 52,777.50 52,777.50 157,777.50 209,055.00 182,250 189,175 580,480.00 01- Jul -2000 01- Jon -2001 115,000 7.100 49,076.25 49,076.25 49,076.25 164,076.25 206,853.75 . 169,500 187,463 563,816.25 01 -Jut -2001 01-Jon-2002 120,000 7.150 44,993.75 44,993.75 44,993.75 164,993.75 209,070.00 156,525 330,475 696,070.00 01•Ju1 -2002 01 -Jon -2003 130,000 7.200 40,703.75 40,703.75 40 703.75 170,703.75 205,697.50 0 342,300 547,997.50 01- Jul -2003 01- Jon -2004 140,000 7.250 36,023.75 36,023.75 36,023.75 176,023.75 206,727.50 0 328,150 534,877.50 01- Jul -2004 01 -don -2005 145,000 7.250 30,948.75 30,948.75 30,948.75 175,948.75 206,972.50 0 338,006 544,978.75 01-Jut -2005 01 -dan -2006 160,000 7.250 25,692.50 25,692.50 25,692.50 185,692.50 201,641.25 0 345,963 $47,603.75 01-Jut-2006 01- Jan -2007 170,000 7.300 19,892.50 19,892.50 19,892.50 189,892.50 205,585.00 0 347,175 552,760.00 01-Jul-2007 01-Jan -2008 180,000 7.300 13,687.50 13,687.50 13,687.50 193,687.50 203,580.00 0 332,419 535,998.75 01-Jut-2008 01-Jam-2009 195,000 7.300 7,117.50 7,117.50 7,117.50 202,117.50 200,805.00 0 360,588 561,392.50 01- Ju1-2009 0.00 0.00 202,117.50 0 336,863 538,980.00 =s mss 2,100,000 seea�Mse:aaaea ease= acsaxax 1,961,443.75 4,061,443.75 aaaea__amsee 4,061,443.75 = aaeaeaeaeaae aeaeeeMMeZea 1,843,537 5,161,100 caear 1eaa1,066ee,080maa .75 BOND YEARS 27,280.00 INT. START DATE 01- Apr -89 AVG.LIFE 12.99 YRS. DELIVERY DATE O1- Apr•89 AVG.000PON - 7.19 X ACCRUED 1NTERES $0.00 K.I.C. 7.29 % DISCOUNT $27,300.00 FOOTNOTES (1) Components of Bond Issue 9-Note Golf Course 1,200,000 volt 300,000 Parking Lot 300,000 Buildings 250,000 2,050,000 Costs of Issuance 19,000 Discount 1.48% 31,000 Capitalized Interest 0 Total Bond Issue 2,100,000 (2) Debt Limit Liquor Store Net Income 313,419 Golf Course Net income 99,334 Arena Net Income 21,241 Golf Course Depreciation 106,516 Arena Depreciation 46,216 Liquor Store Depreciation 96,361 Debt Service 97,690 780,777 Prepared by Public Financial Systems, Inc. 20- Mar -88 MAR -20 -1989 14 :06 FROM PFS TO 99275032 P.05 CITY OF EDINA $1,760,000 G.O. IMPROVEMENT BONDS'- FINAL ANALYSIS ••• -• ASSESSMENTS 428,750 1,286,250 ANNUAL P & I CAPITALIZED 8. % 8. % 0 0 DATE PRINCIPAL RATE INTEREST P & I ..... 100% INTEREST 1989 1990 BALANCE ........ .............. ............................... 01- Aug -89 01- Feb -90 01- Aug -90 01- Feb -91 01- Aug -91 01- Feb -92 180,000 01- Aug -92 01-Feb-93 180,000 01- Aug -93 01- Feb -94 180,000 01- Aug -94 01- Feb -95 175,000 01-Aug-95 01- Feb -96 175,000 01- Aug -96 01- Feb -97 175,000 01- AUg-97 01- Feb -98 175,000 O1- Aug -98 01- Feb -99 175,000 01- Aug -99 01-Feb-2000 175,000 01- Aug -2000 01 -Feb -2001 170,000 1,760,000 z-_Emaacoazae BOND YEARS 12,831.667 INT. START DAY 01- Apr -89 AVG.LIFE X7:291 YRS. _ DELIVERY DATE 01- Apr -89 AVG.000PON 6.9442 % ACC. INTEREST $0.00 N.I.C. 7.0882 % DISCOUNT $18,480.00 40,470.00 40,470.00 60,705.00 60,705.00 101,175.00 101,175 0 0 0 60,705.00 60,705.00 60,705.00 60,705.00 60,705.00 60,705.00 121,410.00 43,825 80,391 0 2,806 6.750 60,705.00 54,630.00 240,705.00 54,630.00 301,410.00 76,639 241,172 19,207 6.750 54,630.00 48,555.00 234,630.00 48,555.00 289,260.00 72,888 229,917 32,751 6.800 48,555.00 42,435.00 228,555.00 42,435.00 277,110.00 69,136 218,663 43,440 6.800 42,435.00 36,485.00 217,435.00 36,485.00 259,870.00 65,384 207,408 56,362 6.900 36,485.00 30,447.50 211,485.00 30,447.50 247,970.00 61,633 196,153 66,178 6.900 30,447.50 24,410.00 205,447.50 24,410.00 235,895.00 57,881 184,898 73,063 6.950 24,410.00 18,328.75 199,410.00 18,328.75 223,820.00 54,130 173,644 77,016 7.000 18,328.75 12,203.75 193,328.75 12,203.75 211,657.50 50,378 162,389 78,126 7.050 12,203.75 6,035.00 187,203.75 6,035.00 199,407.50 46.627 151,134 76,479 7.100 6,035.00 176,035.00 ............................... 182,070.00 ............................... 0 139,880 34,289 891,055-00 2,651,055.00 2 651 055.00 .............. 145,000 635,086 1,905,258 BOND YEARS 12,831.667 INT. START DAY 01- Apr -89 AVG.LIFE X7:291 YRS. _ DELIVERY DATE 01- Apr -89 AVG.000PON 6.9442 % ACC. INTEREST $0.00 N.I.C. 7.0882 % DISCOUNT $18,480.00 CENTENNIAL LAKES CASH FLOW ANALYSIS = G.O. TAX INCREMENT BONDS, SERIES 1989 (FINAL ANALYSIS) ..................................................... ........... .................... BASIC ASSUMPTIONS OF.ANALYS[S (1) TAX INCREMENT REVENUE PROJECTIONS (2) RESULTS OF BOND SALES .......... Assessed Value -- •- - - - -•• Increment YEAR YEAR Accumulated Ediobarougb Centennial 108.00 LEVY COLL 2.0476 2.009E 2.009E 95% 1987 1988 12,142,422 .... 6,202,401 .-- ............... 0 1,615,602 1988 1989 17,529,924 10,627,823 0 2,127,568 1989 1990 17,880,522 10,840,379 0 2,185,348 1990 1991 18,238,133 11,057,187 2,663,520 2,517,560 1991 1992 18,602,896 11,278,331 14,012,590 3,742,089 1992 1993 18,974,953 11,503,897 24,097,770 4,838,145 1993 1994 19,354,453 11,733,975 25,783,650 5,073,659 1994 1995 19,741,542 11,968,655 26,299,323 5,190,360 1995 1996 20,136,372 12,208,028 26,825,309 5,349,396 1996 1997 20,539,100 12,452,189 27,361,816 5,430,812 1997 1998 20,949,882 12,701,232 27,909,052 5,554,656 1998 1999 21,368,880 12,955,257 28,467,233 5,680,978 1999 2000 21,368,880 12,955,257 28,467,233 5,680,978 2000 2001 21,368,880 12,955,257 28,467,233 5,680,978 2001 2002 21,368,880 12,955,257 28,467,233 5,680,978 2002 2003 21,368,880 12,955,257 28,467,233 5,680,978 2003 2004 21,368,880 12,955,257 28,467,233 5,680,978 2004 2005 21,368,880 12,955,257 28,467,233 5,680,978 2005 2006 21,368,880 12,955,257 28,467,233 5,680,978 2006 2007 21,368,880 12,955,257 28,467,233 5,680,978 2007 2008 21,368,880 12,955,257 28,467,233 5,680,978 2008 2009 21,730,000 0 2009 2010 21,730,000 0 2010 2011 21,730,000 0 2011 2012 21,730,000 0 (2) RESULTS OF BOND SALES PREPARED BY Public Financial Systems, Inc. (JRF) DATE: 20-Mar-88 PAGE 1 Discmmt Net Amount Price Taken Rate 10/88 Tax-Exempt 10,175,000 10,047,813 1.25% 7.2684% 10/88 Taxable 5,100,000 5,023,500 1_50% 9.6981% 3/89 Tax•Exeapt 8,425,000 8,315,475 1.30% 7.3254% 3/89 Taxable 5,300,000 5,225,800 1.40% 10.2729% PREPARED BY Public Financial Systems, Inc. (JRF) DATE: 20-Mar-88 PAGE 1 CENTENNIAL LAKES CASH FLOW ANALYSIS - G.O. TAX INCREMENT BONDS, SERIES 1989 (FINAL ANALYSIS), (3) TOTAL BUDGET FOR CITY PARTICIPATION -------- TOTAL - - - - --- ----- BONDS 10/88 -- - -- - - - -- BONDS 3/89 ---- -- TAXABLE TAX - EXEMPT TAXABLE TAX-EXEMPT TAXABLE TAX-EXEMPT LAND 1,553,523 6,415,157 1,553,523 6,415,157 0 0 PARK FEE 965,158 1,007,888 965,158 1,007,888 0 0 PUBLIC IMPROVENENTS 452,986 1,902,829 452,986 1,902,829 LAND WRITEDOWN (RETAIL) 800,900 800,000 0 0 STORK DRAINAGE 200,000 0 200,000 PARK 3,800,000 0 3,800,000 HOUSING SITE WORK 2,969,604 ---------- ---- --- 2,969,604 0 --- SUBTOTAL 6,741,271 13,325,874 0 0 ADMINISTRATION 231,000 469,000 231,000 469,000 , 0 0 CONSTRUCTION MANAGEMENT 19,998 60,000 19,998 60,000 CONTINGENCY 263,059 590,282 .... . . . . .. ...... . . .. .... . ..... .......... 263,059 590,282 TOTAL PROJECT COSTS 7,255,328 14,445,156 3,549,681 7,892,045 .......... 3,705,647 .......... 6,553,111 DISCOUNT 197,000 350,000 95,000 190,000 90,(100 140,000 COSTS OF ISSUANCE 25,000- 40,000 30,000 40,000 20,000 30,000 CAPITALIZED INTEREST 2,922,672 3,764,844 1,425,319 - --- - --- -- ---- - - - - -- ---- - - - - -- 2,052,955 ---- - - - - -- 1,484,353 ---- - - - - -- 1,701,889 ---- -- TOTAL BOND ISSUE 10,400,000 18,600,000 5,100,000 10,175,000 5,300,000 - - - - 8,425,000 (4) NOTES * Cuoulative Balance: Beginning arrant = Fund balance 12/31/87. * $10,322,855 Centennial lakes Project Cost includes net Land acquisition, park fee and retail write -down. * Other Centennial Lakes expenses for 1988 = S351,699.68 * Other Edinborcuo expenses for 1988 = $678,353.84. * Actual 1988 tax increment revenue = $1,662,602 * Actual costs of issuance = $40,211.80. PREPARED BY Public Financial Systems, Inc. (JRF) DATE: 20- Mar-88 PAGE 2 CENTENNIAL *CASA FLOW ANALYSIS - G.C. TM I NXIIERENT KNOSP SERIES 1989 (FINAL ANALYSTS) PREPARED . BY ftoblic Financial system, Inc. (jRp) DATE: 20•Wer•8e PACE 3 ....................... SWENIM ....................... ......................................... MWENSES .......................................... PROJECT. GATE TAX OM IMMEWIT PROCEEDS IWVESTKEKT Illow TOTAL OTMER RFvEnuEs COSTS CENTENNIAL PROJECT COSTS 1101118MM DEBT 1988 INS 1989 IM TOTAL PERIOD ClM_ INVEST. - . ........................................................................................................................................................................................................... . ... LAKES OTHER SERVICE TAX - EXEMPT TAXABLE TAX-EXEMPT TAXABLE EXPENSES BALANCE IMLA310E RATE WE J8n-88 0 0 2.743,906 Feb,-SO 0 0 513,683 0 0 0 a 513,60 (513,6831 2.230,223 S.500 Jon-W Her -88 a 0 135. M 0 0 0 a 135.M (135,M) 2,094."S 5.500 Feb-BE Apr-so 0 0 0 0 a 0 0 2,0%.448 S.M0 Mr-38 warSS 0 14i.no 0 0 0 141,750 (141,750) 1,952.698 5.500 Apr-88 Jun-88 0 0 0 a 0 0 1.952,08 S."o lowas Jul -88 0 0 0 a 0 0 1.952.698 5.500 im-aa Aug-38 a 0 513,863 0 0 0 a smw (513,863) 1.438.836 S.500 Jut-$a SD-sea 0 135,775 0 0 0 a 135,775 035,7757 1,303,061 5.500 Awia Oat 86 Nov-aa 15,275,000 a 0 15.Z75,000 10,322.855 243,900 0 591'750 0 a 0 0 0 0 0 0 0 11,158,50 0 1,303,061 4.116,495 5.419.556 5.500 5.500 SW88 Oct-88 Dec•as 1,662.602 0 0 1.662,602 351.700 678,354 0 0 a a 0 0 0 a 0 0 5,419.556 5.500 gov-se, Jon-89 26,289 26,289 343.734 14,167 663,863 0 0 0 0 0 1,030,054 632,548 6,052,104 5.500 Ow-83 Feb-a9 Wer•89 13,725,000 25,45a 21,9-A 25,458 343.734 79,167 135,775 0 0 0 0 a 1,021,764 $55,676 0995,475) 5,056.629 (533,218) 4,523,411 5.500 5.500 Jan -84 Feb -89 Apr-89 50, M 13.746,954 50,774 343.734 343 734 294,167 14,167 0 ISV,250 0 0 0 0 a 637,901 13,109,053 17,632,464 5.500 Mar-89 ".89 7918M 79,M8 U3:734 14,167 0 0 0 0 0 427,151 C4U.377) 17,206.087 5.500 Apr-89 Jun-89 78.224 7a,2z6 343,234 14,167 0 0 0 9 0 357,901 (279,00) 16,928,024 5.500 Pray-89 Jut- 89 t.063,784 76P946 1. 140,73D 343,734 14,167 508,938 0 0 0 0 0 357,901 (279,677) 26,648,347 5.500 Jun-89 A"_89 Sep-89 76.932 73,294 76,9'12 343,734 14,167 185'775 605.834 406.813 0 202,613 0 179,521 866.839 1,938,467 273.842 16,922,189 (1,861.535) 15,060,654 S.500 S.500 Jut -89 Aug-89 Oct-89 68,376 73,241 68,376 343,M 343.754 T4,167 14,167 0 569,250 0 0 a 0 557.901 (284.607) 14,776,047 5.500 Sep-89 Nov-89 65.756 201.300 267,056 1,521,641 14,167 0 0 0 0 0 927o1S1 (856.775) 13.917p272 5.500 act -49 Cec-89 11,063,784 4N.880 1,124,664 343,734 ?4,167 0 0 0 0 0 1.535.808 (1p268,752) 12.648.520 5.500 nov-89 Jan-90 59.7w 59.730 343,731 14,1467 658'988 0 a a 0 0 0 357,981 766,763 13,415,283 5.500 Dec-89 Feb-90 Mar-90 59.293 53.401 59,293 343,731 14,t67 134,475 30,506 241.088 303,919 0 264,281 11,016,889 1.673,170 (957,159) 12.458,125 (1.613,87n 19,844,z48 5.500 5.500 Jan -90 Feb•90 Apr-90 49,005 53,401 49:005 343,7A 343,734 14,167 14,167 0 0 0 0 0 357,901 0304,500) 10,539,748 5.50() ftr-90 Kay-9G 47,379 47,379 343,rA 14,167 _96p3OO 0 0 0 454,201 C405,196) 10,134,552 5.500 Apr-90 4s'ne 45,738 343,734 14, To 0 0 0 a 357,901 (310,!522) 9,8Z4,M 5.M May-90 Jut 90 1,092o676 44,311 1. 136,985 343,TA 1 4. t6? 503.925 0 0 0 a 0 357.90? C312, T63) 9,511,867 5.500 Jun-90 Aug-SO sep.90. 2V 41,010 44'M 343,7A 14, t6l 184,475 363. M06 2",089 0 303.919 0 269,281 861,826 1,M,170 275,09 9,781POW (1,679,943) e,logGW' S.500 5.500 Jut-90 Aug -90 Oct -90 36,436 41.010 36,436 343,73A 343,7A ?4,167 14, T67 $46p3O9 0 0 0 0 a 0 3S7.901 (316,891) 7,791,192 S.5,00 Sep•90 NOV-90 73.721 33,72t 1,521,642 14,167 0 0 0 a - a 9",201 CS67,760 6,923,427 5.500 Oct-90 Dec-90 1c092p674 28.290 1. 120,9" 343,750. 14,767 9 0 0 0 1.535,809 (1,502,688) 5,421,339 5.500 mov-90 Jan 91 Z6. W6 26,5916 t4, t67 653,925 a a 0 0 0 357,901 763r063 6,184,402 5.500 Dec-" Feb•91 ROP•91 26'875 22. 4a 26,875 22,423 t4,T62 133,125 363o506 244'068 a 303.919 0 269.281 668,042 1.328,086 (641,496) 5.542,906 (1,301,211) 4p261 ' 695 5.500 5.500 Jon•91 Feb -91 W.91 19,460 19,460 t4,167 14,167 0 72,900 0 0 0 a 14,167 8,2% 4,249,951 5.500 mr-91 Kargi 19p374 19,324 14,167 0 a 0 a 87,067 (67.607) 4p182,344 5.500 Apr•91 19,181 14,167 0 a 0 0 a 14,167 5p157 4,187,501 5.500 May-91 JUI -91 1.258,7301 19,204 1,22077,M 14,167 498,600 0 0 0 0 0 14,167 5.014 4,192,515 5.500 Jun•91 AUJI•91 Sep-91 20•M 19 , 969 14,167 183,125 363,506 2".OSS 0 303,9%9 0 Z69. Z81 512,767 1. MGB6 765.217 4,957,732 (1.357,117) 3.600.615 5.500 5.500 Jut•91 Aug-91 oct -91 ,613 16.515 19,613 16,515 14,167 14,167 0 W2,900 0 0 0 0 0 0 14,167 5.446 3.,061 W 5.300 Sep•91 "V-91 15'335 15,335 14,167 0 a 537.067 (57A. $52) 3,085,509 5.500 Oct-91 0 a 0 0 0 14, MY 1,168 3o086,627 5.500 Nov -91 PREPARED . BY ftoblic Financial system, Inc. (jRp) DATE: 20•Wer•8e PACE 3 CENTENNIAL , CASH FLOP ANALTStS - O.G. TAX INCREMENT BONDS, SIMI*$ 1989 (FINAL MALTSIS) PREPARED by P464ic 114MMist Sp 1 1, Irc. (JRf) DATE: 20-11for-88, PAGE 4 ----------------------- REVENUES ....................... I•-••-..._ _._....._...._.__....._........exPENses PENECT DATE TAX 11101110 INCREMENT PROCEEDS INVESTMENT INOWE COSTS TOTAL CENTENNIAL OTHER REVENUES LAKES PROJECT costs EOINKRUCH DENT 1988 1988 1989 1969 TOTAL PERIOD CUM. INVEST. ...........................................................................................................TAX- . .. .. OTHER SERYICE TAX- EXEMPT EXEMPT TAXABLE ........................................................................................... TAX-ENGWT TAXABLE EXPENSES BALANCE BALANCE RATE DATE Dec-91 1,258,7BO t4,145 1,272.925 14,167 0 2, 743,906 - - - - - - - - - - - - - - - - • - - - - - - - - - - - - - - - - 0 0 0 14.167 1,258,758 4,345p435 5.50 Dec-91 D. Feb-92 1.8r,04s 0 0 0 1,071.045 . . . . . . 28,334 . . . . . .. 780.325 . . . . . 363,506 . . . . . . 244.088 • . . . . . 303,919 . . . . . . 269 281 . . . . . . 1,999,453 . . . . . . . O.M.453), . . . . . 2,3$%982 . . . . 0.0001 . . . . Feb-92 Feb-93 0 256.300 2,127, 345 85,W2 WOW M.940 1,321.000 363 506 244'm 1919 W,201 2,039,6% (168,651) 2,187.331 DAM Aug -92 Aug-93 Feb•94 2.419,072 a 2,419,072 85,002 739,100 363.506 W.506 244.088 244,0815 303p919 M.919 269,281 Wp2811 2,586,796 (459,451) 1,727,019 0.00 Feb,-93 Ain -94 2.419.072 2,536,829 0 a 2,419,072 85,ow 1,286,100 363.566 2",M 303.9t9 269,281 2zO04pW6 2,551,8% 414,176 (132.824) 2,142tD56 2,009,232 O.M 0.000 Aug 93 Feb-94 Feb•95 2.536,829 a 2,536,829 2,536,824 85,002 $5,002 70.550 I,000,450 30.506 244,088 30a,9s9 269.281 1,%9.346 567,483 2,576,715 0.000 AV6-94 A%4•95 2,595,180 0 2,595,180 85,002 734.450 613.5" 35S,506 MIGN 218,338 525,910 394,2111 2.991,246 (454.417) 2,122,299 0.000 Feb•95 Feb•96 Atig-96 2,595,180 2,654.698 0 0 2.595.180 85.002 1,479,650 4M. 506 288,3M 296,269 371,269 263.031 313,031 1.972.596 2.967,796 622,584 (372,616) 2,744.881 2,372.267 0.000 Q.QW Aug-95 Feb-96 Feb-97 2,6,54,M 0 2,654,698 2,654,698 85'em as'em 693,200 1,438,250 353,W9 m,on 293,681 260.531 1,921,50 733.190 3,945.457 0.600 Aug-96 AW-97 2,715.4" a 2,715,406 85,002 651,125 528,M9 347.294 336p025 418MI 335,531 3,141,SM (486,860) 2,61a.M 9.000 Feb-97 Feb•98 Aug•98 2,715.406 2,777.328 0 0 2.715,406 85,002 1,396,100 597,294 231,375 356,375 289,369 489,369 256,78t 381,781 1,860,946 3.30S,921 864,460 (590,515) 3,473,056 2,882,541 0.000 9.000 A"-97 Lreb-98 Feb-99 2,777,328 a 2.777,328 2,777,328 85,002 85.002 658,300 1,351,550 338,919 225,531 282,419 250,531 1,810,702 936,626 3,819.166 0.400 Aug-93 Aug 99 2,840,40 0 2,B40.4W 85p002 612,850 663,919 327,869 325,531 557,419 425,531 3,458,952 (681,624) 3,137,544 8.600 Feb-99 Fib.2M Aug-2000 2,840.489 2,840,489 a 0 2,840,489 2,840,489 85.0m 1,306,050 752,wg 218,519 443.519 2'72,794 622,794 241,781 466,781 1. M,815 3,617,015 1.061,674 (836,526) 4.219.218 3,382,M 0.000 0.000 Aug -99 Feb-2000 Feb-2001 2,840,489 0 2,840,487 85P002 85,002 566,900 1,360,000 313,206 207,9" 260,456 230,531 1,664,039 1,176.450 4,559,142 111.000 Aiig-2000 -2001 2,80.489 0 2,840,499 W,002 566,000 788.206 296,5SI 432.WA 635.456 480,531 3,732,139 (949.650) 3,617.492 0.000 Feb-2001 Feb -2002 WO2 2,840,489 2,840,4W 0 0 2,840,489 83,002 1.307,250 821,581 197.369 "T.369 Z6-rt44 697,144 218,031 4",031 1,610,127 3,2151,377 11,230.362 (1,010.aW) 4,84-f,&'V4 3.836,966 0.OW 0-000 Aug•2001 Feb-2002 Feb -2003 2,840,489 0 2,940,"9 2,660,489 85.002 85,002 512,750 1,254,000 278,075 90,075 185.556 231,056 204,261 1,496,720 1.343.769 5,180.735 0.000 Aug-2002 Aug -2003 2.840,489 0 2,PAO,489 85,002 459,500 255,88e 485.5% t71p381 731,656 213,066 524,281 3,987,970 (1,147.481) 4,033.254 0.000 Feb-2003 Feb- 2004 Aug-2004 2,840,489 2,840,489 0 0 2,840,489 2.860,489 85,002 1,200,750 955'868 521,381 788,056 187,069 562,869 1,372,696 &,113.946 1,467.793 (1,273,457) 5,501.197 4,227.590 0.000 0.000 Aug -2003 Feb-20" Feb-21105 2.940,409 0 2.840,4819 85.002 85.002 705,759 t.186,500 230,863 980,80 154,756 192.213 168,931 1,537.515 1,302,974 5,S30,564 0.000 Aug-2W4 Aug-2005 feb-2006 2,840,489 2,340,489 0 0 2,840,489 85.002 699.250 203,80 529,756 136,850 792.2t3 170.463 543.931 149,806 4. 113, US 1.435.234 (1p277,776) 1.405,255 4,252,788 5.658,042 0.000 0-000 Feb -2006 AUS-2005 -2006 Z,BW,4a9 0 2M0,489 2,$Wp489 85,002 155,002 1,118.250 621.000 1,018,863 386,850 870,463 549,806 4,239.234 (1.398,745) 4.259,297 0.000 rob-2006 lob-2007 2,840,4W 0 2.W.4" 85,002 173 9% 1$5,250 145,088 129,406 1,269,782 1.570,787 S,8130.0184 0.000 AM-2006 Aug-2007 2,840.489 0 2.840.489 41,555 1,498,956 765,250 1,265,088 829,48� 4.423.702 (1,583.213) 4,246,871 .0.000 feb•2007 Feb-2008 2,840.489 0 2,340.489 125.925 83,888 104,938 93,531 449,937 2,390.652 6,637.523 0.000 Aug-2007 Aug•2003 2,840.489 0 2,840,489 1.7?5.925 ga'am 1,479,938 9613,531 5,133,282 (2,292. 7n) 4,344,730 0.00 Feb -2008 - NO9 2,840,W 0 2.840.4W 65.700 43,875 54,750 48,688 213,613 2,627,476 6,972.206 0.000 Aug-2006 Aug. 2009 0 a a 1,86S,700 943,8n 1,554,750 998,688 5,363,013 C2,S22,524) 4."9,6U 0.000 Feb-2099 Feb-2010 0 0 0 0 a 0 a 0 4,"9,682 0.000 Aug-2009 .................................. ....................... ............................................ 0 0 a 0 0 4,"9,602 0.000 Feb -2010 t,4%,90 457,600 131,386,417 21,279,906 4,397.21S 36.M,383 22.lt2,Wg 13,085,09S 18,078.114 13,849.070 $29.680,701 •29,000,000 1.705,276 ........ c .......... PREPARED by P464ic 114MMist Sp 1 1, Irc. (JRf) DATE: 20-11for-88, PAGE 4 CENTENNIAL LAKES CASH FLOW ANALYSIS - G.O. TAR INCREMENT BONDS, SERIES 1989 (FINAL ANALYSIS) I---------- 1986 TAX-EXEMPT ........... I I------ ---- 1988 TAXABLE --- ----- - --I 10,175,000 MHUAL 5,100,000 ANNUAL PRINCIPAL RATE INTEREST PRINCIPAL DEBT PRINCIPAL RATE INTEREST PRINCIPAL DEBT DATE PAYMENTS ------------------------------------- W PAYMENTS ------------------------- & INTEREST SERVICE ------ DATE .................---......------.. PAYMENTS M PAYMENTS .....................- & INTEREST SERVICE ----..... Jan -88 6.400 0 0 Jan -88 9.200 0 0 Feb -88 6.400 0 0 Feb -88 9.200 0 0 Mar -88 6.400 0 0 Mar-88 9.200 0 0 Apr -88 6.400 0 0 Apr -88 9.200 0 0 May -88 6.400 0 0 May -88 9.200 0 0 Jun -88 6.400 0 0 Jun-88 9.200 0 0 Jul -88 6.400 0 0 Jul -88 9.200 0 0 Aug-88 6.400 0 0 Aug -88 9.200 0 0 Sep -88 6.400 :0 0 Sep -88 .9.200 0 0 Oct -88 6.400 0 0 Oct -88 9.200 0 0 Nov -88 6.400 0 0 Nov -88 9.200 0 0 Dec -88 6.400 0 0 0 Dec -88 9.200 0 0 0 Jan -89 6.400 0 0 Jan -89 9.200 0 0 Feb -89 6.400 0 0 Feb -89 9.200 0 0 Mar -89 6.400 0 0 Mar -89 9.200 O 0 Apr-89 6.400 0 0 Apr -89 9.200 0 0 May-89 6.400 0 0 clay -89 9.200 0 0 Jun -89 6.400 0 0 Jun -89 9.200 0 0 Jul-89 6.490 0 0 Jul -89 9.200 0 0 Aug-89 6.400 605,844 605,844 Aug -89 9.200 406,813 406,813 Sep -89 6.400 0 0 Sep -89 9.200 0 0 Oct -89 6.400 0 0 Oct -89 9.200 0 0 Nov -89 6.400 0 0 Nov -89 9.200 0 0 Dec-89 6 40 0 0 605,844 Dec-89 9.200 0 0 406,813 Jan -90 6.400 0 0 Jan -90 9.200 0 0 Feb-90 6.400 363,506 363,506 Feb -90 9.200 244,068 244,088 Mar -90 6.400 0 0 Mar-90 9.200 0 0 Apr -90 6.400 0 0 Apr -90 9.Z00 0 0 May -90 6.400 0 0 May -90 9.200 0 0 Jun-90 6.400 0 0 Jun -90 9.200 0 0 Jul -90 6.400 0 0 Jul -90 9.200 0 0 Aug -90 6.400 363,506 363,506 Aug -90 9.200 244,088 244,088 Sep -90 6.400 0 0 Sep -90 9.200 0 0 Oct -90 6.400 0 0 Oct -90 9.200 0 0 Nov -90 6.400 0 0 Nov -90 9.200 0 0 Dec -90 6.400 0 0 727,012 Dec -90 9.200 0 0 488,176 Jan -91 6.400 0 0 Jan -91 9.200 0 0 Feb -91 6.400 363,506 363,506 Feb -91 9.200 244,088 244,088 Mar -91 6.400 0 0 filar -91 9.200 0 0 Apr -91 6.400 0 0 Apr -91 9.200 0 0 May -91 6.400 0 0 May -91 9.200 0 0 Jun -91 6.400 0 0 Jun -91 9.200 0 0 Jut -91 6.400 0 0 Jul -91 9.200 0 0 Aug -91 6.400 363,506 363,506 Aug -91 9.200 244,088 244,088 Sep -91 6.400 0 0 Sep -91 9.200 0 0 Oct -91 6.400 0 0 oct -91 9.200 0 0 Nov -91 6.400 0 0 Nov -91 9.200 0 0 PREPARED BY Public Financial Systems, Inc. (JRF) DATE: 20- Mar-86 PAGE 5 CENTENNIAL LAKES CASH FLOW ANALYSIS - G.O. TAX INCREMENT BOLDS, SERIES 1989 (FINAL ANALYSIS) (- --....... 1988 TAX-EXEMPT ...........I ............ .................................... 10,175,000 11,937,838 22,112,838 21,749,332 I-------- -- 1988 TAXABLE -- --- -- - - -I 10,175,000 ANNUAL PRINCIPAL RATE INTEREST PRINCIPAL DEBT DATE .................................................................... PAYMENTS (7t) PAYMENTS 8 INTEREST SERVICE Oec-91 --- ------------------------- 6.400 0 0 Feb-92 0 6.400 363,506 363,506 - - - - -- 727,012 Aug -92 6.400 363,506 363,506 Feb -93 6.400 363,506 363,506 727,012 Aug -93 6.400 363,506 363,506 Feb -94 6.400 363,506 363,506 727,012 Aug -94 6.400 363,506 363,506 Feb -95 250,000 6.400 363,506 613,506 977,012 Aug -95 6.400 355,506 355,506 Feb-96 75,000 6.500 355,506 430,506 786,012 Aug -96 6.500 353,069 353,069 Feb -97 175,000 6.600 353,069 528,069 881, 138 Aug -97 6.600 347,294 347,294 Feb-98 250,000 6.700 347,294 597,294 944,588 Aug-98 6.700 338,919 338,919 Feb -99 325,000 6.800 338,919 663,919 1,002,838 Aug -99 6.800 327,869 327,869. Feb -2000 425,000 6.900 327,869 752,869 1,080,738 Aug -2000 1 6.904 313,206 313,206 Feb-2001 475,000 7.000 313,206 788,206 1,101,412 Aug-2001 7.000 296,581 296,581 Feb -2002 525,000 7.050 296,581 821,581 1,118,162 Aug -2002 7.050 278,075 278,075 Feb -2003 625,004 7.100 278,075 9013,075 1,181,150 Aug -2003 7.100 255,888 255,888 Feb- 2004 700,000 7.150 255,888 955,888 1,211,776 Aug -2004 7.150 230,863 230,863 - Feb- 2005 750,000 7.200 230,863 980,863 1,211,726 Aug -2005 7.200 203,863 203,863 Feb -2006 825,000 7.250 203,863 1,028,863 1,232,726 Aug-2006 7.250 173,956 173,956 Feb -2007 1,325,000 7.250 173,956 1,498,956 1,672,912 Aug -2007 7.250 125,925 125,925 Feb -2008 10650,000 7.300 125,925 1,775,925 1,901,850 Aug -2008 7.300 65,700 65,700 Feb -2009 1,800,000 7.300 65,700 1,865,700 1,931,400 ............ .................................... 10,175,000 11,937,838 22,112,838 21,749,332 I-------- -- 1988 TAXABLE -- --- -- - - -I ..................... .... .. - - -... 5,100,000 7,985,095 13,485,095 12,841,007 PREPARED BY Pubtic Financiat Systems, Inc. (JRF) DATE: 20-Mar-88 PAGE 6 5,190,000 ANNUAL PRINCIPAL RATE INTEREST PRINCIPAL DEBT DATE PAYNENTS M PAYMENTS $ INTEREST SERVICE Dec -91 9.200 0 0 Feb -92 9200 244,088 244,088 488,176 Aug -92 9.200 244,088 244,088 Feb -93 9.200 244,088 244,088 488,176 Aug -93 9.200 244,088 .244,088 Feb -94 9.200 244,088 244,088 488,176 Aug -94 9.200 244,008 244,488 Feb -95 125,000 9.200 244,088 369,088 613,176 Aug -95 9.200 238,338 238,338 Feb-96 50,000 9.250 238,338 288,338 526,676 Aug -96 9.250 236,025 236,025 Feb -97 100,000 9.300 236,025 336,025 572,050 Aug -97 9.300 231,375 231,375 Feb -98 125,000 9.350 231,375 356,375 587,730 Aug -98 9.350 225,531 225,531 Feb -99 150,000 9.350 225,531 375,531 601,062 Aug -99 9.350 218,519 218,519 Feb - 2000 225,000 9.400 218,519 443,519 662,038 Aug -2000 1 9.400 207,944 207,944 Feb - 2001 225,000 9.400 207,944 432,944 640,888 Aug -2001 9.400 197,369 197,369 Feb - 2002 250,000 9.450 197,369 447,369 644,738 Aug -2002 9.450 185,556 185,556 Feb -2003 300,000 9.450 185,556 485,556 671,112 Aug -2003 9.450 171,381 171,381 Feb -2004 350,000 9.500 171,381 521,381 692,762 Au,q-2004 9.500 _ 154,756 154,756 Feb -2665 375,000 9.550 154,756 529,756 684,512 Aug -2M 9.550 136,850 136,850 Feb -2006 450,000 9.600 136,850 586,850 723,700 Aug -2006 9.600 115,250 115,250 Feb - 2007 650,000 9.650 115,250 765,250 880,500 Aug -2007 9.650 83,888 83,888 Feb -2008 825,000 9.700 83,888 908,888 992,776 Aug -2008 9.700 43,875 43,875 Feb-2009 900,000 9.750 43,875 943,875 987,750 ..................... .... .. - - -... 5,100,000 7,985,095 13,485,095 12,841,007 PREPARED BY Pubtic Financiat Systems, Inc. (JRF) DATE: 20-Mar-88 PAGE 6 CENTENNIAL LAKES CASH FLOW ANALYSIS - G.O. TAX INCREMENT BONDS, SEREES 1989 (FINAL ANALYSIS) F-=....... 1989 TAX - EXEMPT ----- ......I E---- - - - - -- 1989 TAXABLE .........I PREPARED BY Public Financial Systems, Inc. {JRF) DATE: 20- Mar -88 PAGE 7 8,425,000 ANNUAL 5,300,000 ANNUAL PRINCIPAL RATE INTEREST PRINCIPAL DEBT PRINCIPAL RATE INTEREST PRINCIPAL DEBT DATE .........................---...... PAYMENTS (X) PAYMENTS ....-- ............------- & INTEREST SERVICE -- - --. DATE --------------.....--------....------..........................-- PAYMENTS (z) PAYMENTS 8 INTEREST SERVICE Jan-88 6.800 0 0 Jan -88 10.000 0 0 Feb -88 6.800 0 0 Feb -88 10.000 0 0 Her-88 6.800 0 0 Her-88 10.000 0 0 Apr -88 6.800 0 0 Apr -88 10.000 0 0 Nay -88 6.800 0 0 Nay -88 10.000 0 0 Jun-88 6.800 0 0 Jun -88 10.000 0 0 Jul -88 6.800 0 0 Jul -88 10.000 0 0 Aug -88 6.800 0 0 Aug -88 10.000 0 0 Sep -88 6.800 0 0 Sep -88 10.000 0 0 Oct -88 6.800 0 0 Oct-88 10.000 0 0 Nov-88 6.800 0 0 Nov -88 10.000 0 O Dec -88 6.800 0 0 0 Oec -88 10.000 0 0 0 Jan -89 6.800 0 0 Jan -89 10.000 0 0 Feb -89 6.800 0 0 Feb -89 10.000 0 0 Mar -89 6.800 0 0 Mar -89 10.000 0 0 Apr -89 6.800 0 0 Apr-89 10.000 0 0 May -89 6.800 0 0 Flay -89 10.000 0 0 Jun -89 6.800 0 0 Jun -89 10.000 0 0 Jul -89 6.800 0 0 Jut -89 10.000 0 0 Aug-89 6.800 202,613 202,613 Aug -89 10.000 179,521 179,521 Sep -89 6.800 0 0 Sep -89 10.000 0 0 Oct-89 6.800 0 0 Oct -89 10.000 0 0 Nov -89 6.800 0 0 Nov -89 10.000 0 0 Dec -89 6.800 0 0 202,613 Dec -89 10.000 0 - 0 179,521 Jan -90 6.800 0 0 Jan -90 10.000 0 0 Feb -90 6.800 303,919 3013,919 Feb-90 10.000 269,281 269,281 Mar -90 6.800 0 0 Mar -90 10.000 0 0 Apr-90 6.800 0 0 Apr-90 10.000 0 0 Flay -90 6.800 0 0 Flay -90 10.000 0 0 Jun-9D 6.800 0 0 Jun -90 10.000 0 0 Jut -90 6.800 0 0 Jul -90 10.000 0 0 Aug-90 6.800 303,919 303,919 Aug -90 10.000 269,281 269,281 Sep -90 6.Ba0;' 0 0 Sep -90 10.000 0 0 Oct -90 6.800 0 0 Oct -90 10.000 0 0 Nov -90 6.800 0 0 Nov -90 10.000 0 0 Dec-90 6.800 0 0 607,838 Oec -90 10.000 0 0 538,562 Jan -91 6.800 0 0 Jan -91 10.000 0 0 Feb -91 6.800 303,919 3013,919 Feb -91 10.000 269,281 269,281 Isar -91 6.800 0 0 Mar -91 10.000 0 0 Apr -91 6.800 0 0 Apr -91 10.000 0 0 May -91 6.800 0 0 May -91 10.000 0 0 Jun -91 6.600 0 0 Jun -91 10.000 0 0 Jul -91 6.800 0 0 Jul -91 10.000 0 0 Aug -91 6.800 3013,919 303,919 Aug -91 10.000 269,281 269,281 Sep -91 6.800 0 0 Sep-91 10.000 0 0 Oct -91 6.800 0 0 Oct -91 10.000 0 0 Nov -91 6.800 0 0 Nov -91 10.000 0 0 PREPARED BY Public Financial Systems, Inc. {JRF) DATE: 20- Mar -88 PAGE 7 -A 0 D r N W CENTENNIAL LAKES CASK FLOW ANALYSIS - G.O. TAX INCREMENT BONDS, SERIES 1989 (FINAL ANALYSIS) PREPARED BY Public Financial Systems, Inc. URF) DATE: 20-I1ar -88 I---- - - - - -- 1989 TAXABLE - ------- -- 1989 TAX-EXEMPT ........... 8,425,000 PRINCIPAL RATE ANNUAL PRINCIPAL PRINCIPAL RATE INTEREST PRINCIPAL DEBT DATE PAYMENTS (%) PAYMENTS 1i INTEREST SERVICE Dec -91 6.800 0 0 - - - - - - - - - - - - - - - • -- -.. _ - -- 6.800 ...... ............ 269,281 Feb -92 538,562 6.800 303,919 303,919 6070.838 Aug•92 6.800 303,919 303,919 269,281 Feb-93 538,562 6.800 303,919 303,919 607,838 Aug -93 6.800 303,919 303,919 269,281 Feb-94 538,562 6.800 303,919 303,919 607,838 Aug -94 6.800 303,919 303,919 269,281 Feb -95 225,000 6.800 303,919 528,919 832,838 Aug -95 6.800 296,269 296,269 263,031 Feb -96 75,000 6.900 296,269 371,269 667,538 Aug -96 6.900 293,681 293,681 260,531 Feb -97 125,000 6.900 293,681 418,681 712,362 Aug -97 6.900 289,369 289,369 256,781 Feb-98 200,000 6.950 289,369 489,369 778,738 Aug -98 6.950 282,419 282,419 250,531 Feb -99 275,000 7.000 282,419 557,419 839,838 Aug -99 7.000 272,794 272,794 241,781 Feb -2000 350,000 7.050 272,794 622,794 895,588 Aug -2000 T.050 260,456 260,456 230,531 Feb -2001 375,000 7.100 260,456 635,456 895,912 Aueg -2001 7.100 247,144 247,144 218,0131 Feb-2002 450,000 7.150 247,144 697,144 944,288 Aug -2002 7.150 231,056 231,056 204,281 Feb -2003 500,000 7.200 231,056 731,056 962,112 Aug -2003 7.200 213,656 213,056 187,869 Feb -2004 575,000 7.250 213,056 788,056 1,001,112 Aug -2004 7.250 192,213 192,213 168,931 Feb - 2005 600;000 7.250 192,213 792,213 984,426 Aug -2005 7.250 170,463 170,463 149,806 Feb - 2006 700,000 7.250 170,463 870,463 1,040,926 Aug-2006 7.250 145,088 145,088 129,406 Feb -2007 1,100,000 7.300 145,088 1,245,088 1,390,176 Aug-2007 7.300 104,938 104,938 93,531 Feb -2008 1,375,000 7.300 104,938 1,479,938 1,584,876 Aug -2008 7.300 54,750 54,750 48,688 Feb -2009 1,500,000 7.300 54,750 1,554,750 1,609,500 13,349,070 ............ 8,425,000 .................................... 9,653,114- 18,078,114 17,774,195 PREPARED BY Public Financial Systems, Inc. URF) DATE: 20-I1ar -88 I---- - - - - -- 1989 TAXABLE PAGE 8 j 5,300,000 ANNUAL PRINCIPAL RATE INTEREST PRINCIPAL DEBT DATE PAYMENTS M PAYMENTS 8 INTEREST SERVICE Dec -91 10.000 0 0 --- ...... 10.000 - - - - - - - - - - - - - - - Feb-92 10.000 269,281 269,281 538,562 Aug -92 10.000 269,281 269,281 Feb-93 10.000 269,281 269,281, 538,562 Aug-93 10.000 269,281 269,281 Feb -94 10.000 269,281 269,281 538,562 Aug-94 10.000 269,281 269,281 Feb -95 125,000 10.000 269,281 394,281 663,562 Aug -95 10.000 263,031 263,031 Feb -96 50,000 10.000 263,031 313,031 576,062 Aug -96 10.000 260,531 260,531 Feb-97 75,000 10.000 260,531 335,531 596,062 Aug -97 10.000 256,781 256,781 Feb -98 125,000 10.000 256,781 381,781 638,562 Aug -98 10.000 250,531 250,531 Feb -99 175,000 10.000 250,531 425,531 676,062 Aug -99 10.000 241,781 241,781 Feb - 2000 225,000 10.000 241,781 466,781 708,562 Aug -2000 10.000 230,531 230,531 Feb -2001 250,000 10. 000 230,531 480,531 711,062 Aug-2001 10.000 218,031 218,0131 Feb-2002 275,000 10.000 218,0131 493,031 711,062 Aug-2002 10.000 204,281 204,281 Feb -2003 325,000 10.100 204,281 529,281 733,562 Aug -2003 10.100 187,869 187,869 Feb -2004 375,000 10.100 187,869 562,869 750,738 Aug -2004 10.100 168,931 168,931 Feb -2005 315,000 10.200 168,931 543,931 712,862 Aug -2005 10.200 149,806 149,806 Feb -2006 400,000 10.200 149,806 549,806 699,612 Aug -2006 10.200 129,406 129,406 Feb - 2007 700,000 10.250 129,406 829,406 958,812 Aug -2007 10.250 93,531 93,531 Feb -2008 875,000 10.250 93,531 968,531 1,062,062 Aug -2008 10.250 48,688 48,688 Feb - 2009 950,000 10.250 48,688 998,688 1,047,376 ............ 5,300,000 .................................... 8,549,070 13,349,070 13,579,789 PAGE 8 j $8,425,000 G.O. TAX INCREMENT BONDS BIDDER NET RATE FIRST BANK, et al. 7.32540 MERRIL LYNCH CAPITAL MARKETS 7.48400 PRUDENTIAL - BACHE, et al. 7.48730 CLAYTON BROWN 7.54014 HARRIS TRUST & SAVINGS, et al. 7.55290 JOHN NUVEEN & CO. 1.55750 $5,300,000 G.O. TAXABLE TAX INCREMENT BONDS BIDDER NET RATE FIRST BANK, et al. 10.27290 FIRST BOSTON CORP. 10.32050 PRUDENTIAL - BACHE, et al. 10.42550 CLAYTON BROWN 10.45029 $2,100,000 G.O. RECREATIONAL FACILITY BONDS BIDDER NET RATE FIRST BANK, et al. 7.29010 PRUDENTIAL - BACHE, et al. 7.43180 CLAYTON BROWN 7.49870 $1,760,000 G.O. IMPROVEMENT BONDS BIDDER NET RATE FIRST BANK, et al. 7.08820 PRUDENTIAL - BACHE, et al. 7.21680 CLAYTON BROWN 7.27910 TABULATION OF BIDS CITY OF EDINA, MINNESOTA $8,425,000 G.O. TAX INCREMENT BONDS BBI: 7.52 AVERAGE MATURITY: 15.8185 RATING: AA1 /AA Bidder: Harris Trust & Savings Bank Bear, Stearns & Co. Kidder Peabody & Co. Price: $ 8,285,145.00 Rates: 1995 6.90 % 1996 6.90 1997 7.00 1998 7.10 1999 7.20 % 2000 7.25 2001 7.30 % 2002 7.35 % 2003 7.40 2004 7.45 2005 7.50 2006 7.50 % 2007 7.50 % 2008 7.50 % 2009 7.50 % Net Cost: $ 10,065,944.58 Net Rate: 7.5529 % Bidder: First Bank Dain Bosworth Norwest Investment Securities Piper, Jaffray & Hopwood Northern Trust Price: $ 8,315,475.00 Rates: 1995 6.80 % 1996 6.90 % 1997 6.90 % 1998 6.95 % 1999 7.00 2000 7.05 % 2001 7.10 % 2002 7.15 % 2003 7.20 2004 7.25 2005 7.25 2006 7.25 % 2007 7.30 % 2008 7.30 % 2009 7.30 % Net Cost: $ 9,762,631.25 Net Rate: 7.3254 % Bidder: John Nuveen & Co. Price: $ 8,290,200.00 Rates: 1995 7.00 1996 7.05 % 1997 7.10 % 1998 7.15 % 1999 7.20 2000 7.25 % 2001 7.30 % 2002 7.40 2003 7.40 % 2004 7.50 2005 7.50 % 2006 7.50 % 2007 7.50 % 2008 7.50 2009 7.50 % Net Cost: $ 10,071,985.42 Net Rate: 7.5575 % 4 TABULATION OF BIDS CITY OF EDINA, MINNESOTA $8,425,000 G.O. TAX INCREMENT BONDS BBI: 7.52 AVERAGE MATURITY: 15.8185 RATING: AA1 /AA Bidder: Bidder: Bidder: Clayton Brown Merrill Lynch Capital Markets Prudential -Bache Shearson Lehman Hutton Dean Ritter Reynolds Price: $ 8,297,921.75 Rates: 1995 7.00 % 1996 7.00 1997 7.10 1998 7.10 1999 7.20 % 2000 7.2T _Y. 2001 7.30 % 2002 7.30 % 2003 7.40 % 2004 7.40 % 2005 7.50 % 2006 7.50 % 2007 7.50 % 2008 7.50 % 2009 7.50 % Net Cost: $ 10,048,819.98 Price: $ 8,285,218.25 Rates: 1995 7.00 1996 7.00 1997 7.00 1998 7.00 1999 7.00 2000 7.00 % 2001 7.10 % 2002 7.20 % 2003 7.30 % 2004 7.40 2005 7.45 % 2006 7.45 % 2007 7.45 2008 7.45 2009 7.45 Net Cost: $ 9,974,050.50 Price: $ 8,290,200.00 Rates: 1995 7.00 1996 7.05 % 1997 7.05 % 1998 7.05 % 1999 7.05 2000 7.10 % 2001 7.15 % 2002 7.20 % 2003 7.25 2004 7.30 % 2005 7.35 % 2006 7.40 % 2007 7.45 % 2008 7.50 % 2009 7.50 % Net Cost: $ 9,978,504.17 Net Rate: 7.540149 % Net Rate: 7.4840 % Net Rate: 7.4873 TABULATION OF BIDS CITY OF EDINA, MINNESOTA $5,300,000 G.O. TAXABLE TAX INCREMENT BONDS BBI: 7.52 AVERAGE MATURITY: 15.83805 RATING: AA1 /AA Bidder: Bidder: First Bank Clayton Brown Dain Bosworth Norwest Investment Securities Piper, Jaffray & Hopwood Northern Trust Price: $ 5,225.800.00 Rates: 1995 lo.00 % 1996 lo.00 % 1997 lo.00 % 1998 lo.00 1999 10.00 % 2000 10.00 % 2001 10.00 % 2002 10.00 % 2003 lo.lo 2004 10.10 % 2005 10.20 2006 10.20 2007 10.25 Y. 2008 10.25 % 2009 10.25% Net Cost: S 8,623,277.08 Price: $ 5,220,500.00 Rates: 1995 10.25 1996 10.25% 1997 10.25% 1998 10.25% 1999 10.25% 2000 10.30% 2001 10.30% 2002 10.30 2003 10.35 2004 10-35% 2005 10.35% 2006 10.375% 2007 10.3751/o 2008 10.375% 2009 10.375% Net Cost: $ 8,772,151.01 Bidder: Prudential -Bache Shearson Lehman Hutton Dean Witter Reynolds Price: $ 5,210,430.00 Rates: 1995 10.20 % 1996 10.20 1997 10.20 1998 10.20 % 1999 10.25 % 2000 10.25 2001 10.25 % 2002 10.25 2003 10.30 2004 10.30 2005 10.30 % 2006 10.30 % 2007 10.35 2008 10.35 2009 10.35 % Net Cost: $ 8,751,378.33 Net Rate: 10.2729 % Net Rate: 10.450294 % Net Rate: 10.4255 TABULATION OF BIDS CITY OF EDINA, MINNESOTA $5,300,000 G.O. TAXABLE TAX INCREMENT BONDS BBI: 7.52 AVERAGE MATURITY: 15.83805 RATING: AA1 /AA Bidder: Bidder: Bidder: First Boston Corporation Price: $ 5,212,760.75 Rates: 1995 lo.00 % 1996 lo.00 1997 lo.00 % 1998 lo.00 % 1999 10.00% 2000 10.125% 2001 10.125% 2002 10.125% 2003 10.125% 2004 10.25% 2005 10.25% 2006 10.25% 2007 10.25% 2008 10.25% 2009 10.25% Net Cost: $ 8,663,275.71 Price: $ Rates: 1995 % 1996 % 1997 1998 1999 % 2000 2001 2002 2003 % 2004 % 2005 % 2006 % 2007 % 2008 % 2009 % Net Cost: E Net Rate: 10.3205 % Net Rate: % Price: $ Rates: 1995 % 1996 1997 1998 1999 2000 % 2001 2002 % 2003 % 2004 % 2005 % 2006 % 2007 % 2008 % 2009 % Net Cost: $ Net Rate: 0 I TABULATION OF BIDS CITY OF EDINA, MINNESOTA $2,100,000 G.O. RECREATIONAL FACILITY BONDS BBI: 7.52 AVERAGE MATURITY: 12.99048 RATING: AA1 /AA Bidder: Harris Trust & Savings Bank Bear, Stearns & Co. Kidder Peabody & Co. Price: $ Rates: 1992 1993 1994 1995 7. 1996 7. 1997 % 1998 1999 7. 2000 % 2001 7. 2002 2003 % 2004 2005 2006 2007 2008 7. 2009 % Net Cost: $ Net Rate: % Bidder: First Bank Dain Bosworth Norwest Investment Securities Piper, Jaffray & Hopwood Northern Trust Price: $ 2,072,700.00 Rates: 1992 6.75 1993 6.75 % 1994 6.80 % 1995 6.80 1996 6.90 1997 6.90 % 1998 6.95 % 1999 7.00 2000 7.05 2001 7.10 2002 7.15 2003 7.20 % 2004 7.25 2005 7.25 2006 7.25 2007 7.30 2008 7.30 % 2009 7.30 % Net Cost: $ 1,988,743.75 Net Rate: 7.2901 % Bidder: Clayton Brown Price: $ 2,070,305.35 Rates: 1992 7.00 1993 7.00 1994 7.00 % 1995 7.00 % 1996 7.00 % 1997 7.10 % 1998 7.10 % 1999 7.20 % 2000 7.25 % 2001 7.30 % 2002 7.30 2003 7.40 2004 7.40 % 2005 7.50 2006 7.50 % 2007 7.50 % 2008 7.50 % 2009 7.50 % Net Cost: $ 2,045,647.77 Net Rate: 7.498708 % TABULATION OF BIDS CITY OF EDINA, MINNESOTA $2,100,000 G.O. RECREATIONAL FACILITY BONDS BBI: 7.52 AVERAGE MATURITY: 12.99048 RATING: AA1 /AA Bidder: Prudential -Bache Shearson Lehman Hutton Dean Witter Reynolds Price: S 2,069,004.00 Rates: 1992 7.00 % 1993 7.00 1994 7.00 % 1995 7.00 % 1996 7.05 % 1997 7.05 % 1998 7.05 % 1999 7.05 % 2000 7.10 % 2001 7.15 % 2002 7.20 % 2003 7.25 % 2004 7.30 % 2005 7.35 % 2006 7.40 % 2007 7.45 % 2008 7.50 % 2009 7.50 % Net Cost: $ 2,027,401.00 Net Rate: 7.4318 % Bidder: Price: $ Rates: 1992 1993 % 1994 1995 % 1996 % 1997 % 1998 % 1999 % 2000 % 2001 % 2002 % 2003 % 2004 % 2005 % 2006 % 2007 % 2008 % 2009 % Net Cost: $ Net Rate: % Bidder: Price: $ Rates: 1992 % 1993 % 1994 % 1995 % 1996 % 1997 % 1998 % 1999 2000 2001 % 2002 2003 % 2004 % 2005 % 2006 % 2007 % 2008 % 2009 % Net Cost: $ Net Rate: % L TABULATION OF BIDS CITY OF EDINA, MINNESOTA $1,7609000 G.O. IMPROVEMENT BONDS BBI: 7.52 AVERAGE MATURITY: 7.29072 RATING: AA1 /AA Bidder: Harris Trust & Savings Bank Bear, Stearns & Co. Kidder Peabody & Co. Price: $ Rates: 1992 % 1993 % 1994 1995 % 1996 % 1997 Y. 1998 % 1999 2000 % 2001 Net Cost: $ Net Rate: % Bidder: First Bank Dain Bosworth Norwest Investment Securities Piper, Jaffray & Hopwood Northern Trust Price: $ 1.741.520.00 Rates: 1992 6.75 % 1993 6.75 1994 6.80 % 1995 6.80 % 1996 6.90 1997 6.90 1998 6.95 1999 7.00 2000 7.05 2001 7.10 /, Bidder: Clayton Brown Price: $ 1,741,316.75 Rates: 1992 7.00 /, 1993 7.00 % 1994 7.00 /, 1995 7.00 1996 7.00 % 1997 7.10 1998 7.10 1999 7.20 2000 7.25 % 2001 7.30 Net Cost: $ 909,535.00 Net Cost: $ 934,032.70 Net Rate: 7.0882 % Net Rate: 7.27912 % I TABULATION OF BIDS CITY OF EDINA, MINNESOTA $1,760,000 G.O. IMPROVEMENT BONDS BBI: 7.52 AVERAGE MATURITY: 7.29072 RATING: AA1 /AA Bidder: Bidder: Bidder: Prudential -Bache Shearson Lehman Hutton Dean Witter Reynolds Price: $ 1,740,006.40 Rates: Price: S Rates: Price: $ Rates: 1992 7.00 % 1992 % 1992 1993 7.00 % 1993 % 1993 1994 7.00 % 1994 % 1994 % 1995 7.00 % 1995 % 1995 % 1996 7.05 % 1996 % 1996 % 1997 7.05 % 1997 7 1997 % 1998 7.05 % 1998 % 1998 % 1999 7.05 % 1999 % 1999 % 2000 7.10 % 2000 % 2000 7. 2001 7.10 9o' 2001 % 2001 % Net Cost: $_ 926,040.27 Net Rate: 7.2168 % Net Cost: $ Net Rate: of Net Cost: $ Net Rate: OX e � 91N�11\ 0 e A. 77 �o i6ee REPORT /RECOMMENDATION To: MAYOR AND COUNCIL Agenda Item # m-.A From: KEN ROSLAND, MANAGER Consent ❑ Information Only ❑ Date: MARCH 16, 1989 Mgr. Recommends ❑ To HRA Subject: AWARD OF BOND BIDS Fx-1 To Council Action ❑ Motion El Resolution ❑ Ordinance ❑ Discussion Recommendation: Info /Background: I In connection with the award of bond bids, the following are provided in the Council packets: - Official Statement - Resolutions Awarding Sale, etc. Bids will be opened at 11:00 a.m. on Monday, March 20 and will be analyzed and tabulated for presentation to the Council at the regular meeting at 7:00 p.m. 1. PU131_IC FINANCIAL SYSTEMS 512 Nicollct Mall, Suite 550 • Minneapolis, MN 55402 • (612) 333 -9177 ADDENDUM Official Statement for March 20, 1989 Bond Issues City of Edina, Minnesota Please be advised that the following replaces the information contained on Pages 27 and 30 of the Official Statement dated March 6, 1989. INDIRECT DEBT - December 31, 1988 Taxable Gross 1988/89 Taxable Tax Capacity Gross Tax Capacity in City Hennepin Co. $1,217,545,243 $90,975,081 ISO #273(Edina) 75,225,887 73,556,502 ISD #287 (Hennepin Technical Center) ISD #270(Hopkins) ISD #271(Bloomington) ISD #272(Eden Prairie) ISD #280(Richfield) ISD #283(St.Louis Park) Subtotal City Share 784,797,312 90,975,081 95,561,842 6,480,296 123,747,638 10,766 55,128,539 1,310,694 41,849,367 9,611,608 50,387,544 5,215 Net G.O. Debt G.O. Debt Applicable % Outstanding to City 7.5% $60,375,000 $4,528,125 97.8 658,020 643,544 11.6 3,586,877 416,078 6.8 6,300,000 428,400 .1 6,550,000 6,550 2.4 46,995,000 1,127,880 23.0 580,000 133,400 $7,283,977 Taxable Net G.O. Debt 1987/88 Taxable Assessed Value G.O. Debt Applicable Assessed Value in City_ Outstanding to City Metro. Councill 179596,9779902 705,560,060 4.0 358,084,000 $14,323,360 Metro. Transitl 16,205,403,876 705,560,060 4.4 13,650,000 600.600 Subtotal City Share $14,923,960 Total City Share 1 1988/89 Tax Capacity Values not available DEBT RATIO Total Per Capita Indirect Debt $22,207,937 $481.79 Percent of Assessor's Market Value 0.721% $22,207,937 Percent of Tax Capacity 24.44% Standard & Poor's Corp.: Requested NEW ISSUE Moody's Investors Service: Requested In the opinion of Bond Counsel, under existing laws, interest on the Bonds (with the exception of the $5,300,000 TAXABLE G.O. Tax Increment Bonds) is not includible in gross income for federal income tax purposes, or in taxable net income of individuals, estates or trusts for Minnesota income tax purposes. In the opinion of Bond Counsel, interest on the $5,300,000 TAXABLE G.O. Tax Increment Bonds is includible in gross income of the recipient for purposes of United States income tax according to present Federal regulations, rulings and decisions. Interest on the Bonds is includible in taxable income of corporation and financial institutions for purposes of the Minnesota franchise tax. The City will not designate the Bonds as "qualified tax- exempt obligations ". (See "Tax Exemption" and "Taxability" herein.) City of Edina, Minnesota $5,300,000 General Obligation Taxable Tax Increment Bonds, Series 1989 Dated: April 1, 1989 Due: February 1, 1995 -2009 Interest on the Bonds will be initially payable on August 1, 1989 and semiannually thereafter on February 1 and August 1. The Bonds will be issued in multiples of $5,000 in registered form. Bonds maturing on February 1, 1999 and thereafter will each be subject to redemption prior to maturity at the option of the City on February 1, 1998 and any interest payment thereafter at par plus accrued interest. Bids for not less than $5,210,000 plus accrued interest on the total principal amount of the issue must be accompanied by a certified, cashier's check or bank draft in the amount of $106,000 payable to the Finance Director. $8,425,000 General Obligation Tax Increment Bonds, Series 1989 Dated: April 1, 1989 Due: February 1, 1995 -2009 Interest on the Bonds will be initially payable on August 1, 1989 and semiannually thereafter on February 1 and August 1. The Bonds will be issued in multiples of $5,000 in registered form. Bonds maturing on February 1, 1999 and thereafter will each be subject to redemption prior to maturity at the option of the City on February 1, 1998 and any interest payment thereafter at par plus accrued interest. Bids for not less than $8,285,000 plus accrued interest on the total principal amount of the issue must be accompanied by a certified, cashier's check or bank draft in the amount of $168,500 payable to the Finance Director. $1,760,000 General Obligation Improvement Bonds, Series 1989 Dated: April 1, 1989 Due: February 1, 1992 -2001 Interest on the Bonds will be initially payable on August 1, 1989 and semiannually thereafter on February 1 and August 1. The Bonds will be issued in multiples of $5,000 in registered form. Bonds maturing on February 1, 1996 and thereafter will each be subject to redemption prior to maturity at the option of the City on February 1, 1995 and any interest payment thereafter at par plus accrued interest. Bids for not less than $1,740,000 plus accrued interest on the total principal amount of the issue must be accompanied by a certified, cashier's check or bank draft in the amount of $35,200 payable to the Finance Director. $2,100,000 General Obligation Recreational Facility Bonds, Series 1989 Dated: April 1, 1989 Due: January 1, 1992 -2009 Interest on the Bonds will be initially payable on January 1, 1990 and semiannually thereafter on July 1 and January 1. The Bonds will be issued in multiples of $5,000 in registered form. Bonds maturing on January 1, 1999 and thereafter will each be subject to redemption prior to maturity at the option of the City on January 1, 1998 and any interest payment thereafter at par plus accrued interest. Bids for not less than $2,069,000 plus accrued interest on the total principal amount of the issue must be accompanied by a certified, cashier's check or bank draft in the amount of $42,000 payable to the Finance Director. Bid Opening: Consideration: Monday, March 20, 1989 @ 11:00 A.M., C.T. Monday, March 20, 1989 @ 7:00 P.M., C.T. The Bonds are being offered subject to the legal opinion of Dorsey & Whitney, Minneapolis and St. Paul, Minnesota. A rating application has been made to Moody's Investors Service, Inc. and Standard & Poor's Corporation. The date of this Official Statement is March 6, 1989. Further information may be obtained from: M�JW43 PURL FINANCL4L SYSTEMS ho 512 NICOLLET MALL, SUITE 550 • MINNEAPOLIS, MINNESOTA 55402 TELEPHONE: 16121 333 -9177 CITY OF CITY CITY COUNCIL No dealer, broker, salesman or other person (except as noted on the foregoing cover page) has been authorized by the issuer to give any information or make any representations other than those contained in this Official Statement or any supplement which may be issued hereto, and if given or made, such other information or representations must not be relied upon as having been author- ized. This Official Statement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of this issue by any person in any jurisdiction in which it is unlawful for such person.to make such offer, solicitation, or sale. Information set forth within this Official. Statement has been obtained from sources which are believed to be reliable; however, such information is not guaranteed as to its completeness or accuracy. Bond Counsel has not been asked and has not undertaken to review the accuracy, completeness, or suffi- ciency of this Official Statement or other material relating to this issue, except to the extent stated in their. final approving legal opinion. The information, estimates and expressions of opinion herein are subject to change without notice. Neither the delivery of this Official Statement nor any sale of this issue shall, under any circumstances, create any implication that there has been no material change since the date thereof. This Official Statement has been prepared only in connection with the initial offering and sale of this issue and may not be reproduced or used in whole or in part for any other purpose. Current Term Name Position Expires Frederick S. Richards Mayor January 1993 Peggy Kelly Council Member January 1993 Bernard G. Rice, Jr. Council Member January 1991 Glenn L. Smith Council Member January 1991 Jane L. Paulus Council Member January 1993 ADMINISTRATION Kenneth E. Rosland City Manager Appointed John Wallin Finance Director Appointed Marcella M. Daehn City Clerk Appointed No dealer, broker, salesman or other person (except as noted on the foregoing cover page) has been authorized by the issuer to give any information or make any representations other than those contained in this Official Statement or any supplement which may be issued hereto, and if given or made, such other information or representations must not be relied upon as having been author- ized. This Official Statement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of this issue by any person in any jurisdiction in which it is unlawful for such person.to make such offer, solicitation, or sale. Information set forth within this Official. Statement has been obtained from sources which are believed to be reliable; however, such information is not guaranteed as to its completeness or accuracy. Bond Counsel has not been asked and has not undertaken to review the accuracy, completeness, or suffi- ciency of this Official Statement or other material relating to this issue, except to the extent stated in their. final approving legal opinion. The information, estimates and expressions of opinion herein are subject to change without notice. Neither the delivery of this Official Statement nor any sale of this issue shall, under any circumstances, create any implication that there has been no material change since the date thereof. This Official Statement has been prepared only in connection with the initial offering and sale of this issue and may not be reproduced or used in whole or in part for any other purpose. Contents Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i Introduction . . : I Provisions Applicable to all Issues . . . . . . . . . . . 1 Rating .............................. 1 Litigation . . . . . . . . . . . . . . . . . . . . . 1 Closing Documents . . . . . . . . . . . . 1 Provisions Relating to Tax - Exempt Issues . . . . . . . 1 Tax Exemption . . . . . . . . . . 1 Provisions Relating to Taxable Issue . . . . . . . . 2 Federal Taxability . . . . . . . . . . . . . . . . . . . . . . . . . 2 $5,300,000 G.O. Taxable Tax Increment Bonds . . . . . . . . 3 Authority & Purpose . . . . . . . . . . . . . . . . . . . . 3 Security . . . . . . . . . . . . . . . . . . . . . . . . . 3 Terms and Conditions of Sale . . . . . . . . . . . . . . . . . . . . 3 $8,425,000 G.O. Tax Increment Bonds . . . . . . . . . . 6 Authority & Purpose . . . . . . . . . . . . . . . . 6 Security . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Terms and Conditions of Sale . . . . . . . . . . . . . . . . . . . . 6 $1,760,000 G.O. Improvement Bonds . . . . . . . . . . 9 Authority & Purpose . . . . . . . . . . . . . 9 Security . . . . . . . . . . . . . . . . . . . . . . . . 9 Terms and Conditions of Sale . . . . . . . . . . . . . . . . . . . . 9 $2,100,000 G.O. Recreational Facility Bonds . . . . . . . . . . . . . . 12 Authority & Purpose . . . . . . . . . . . . . 12 Security . . . . . . . . . . . . . . . . . . . . . . . . . 12 Terms and Conditions of Sale . . . . . . . . . . . . . . . . . . . . 12 Organization /Operations . . . . . . . . . . . . . . . . . . . . . . . . 15 Property Tax System . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Valuations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Trend of Values . . . . . . . . . . . . . . . 24 LargerTaxpayers . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Property Taxes . . . . . . . . . . . . . . . . . . . . . . . . . 26 Tax Rates . . . . . . . . . . . . . . . . . . . . . . 26 Tax Collections . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Indebtedness . . . . . . . . . . . . . . . . 27 Debt Limitation . . . . . . . . . . . . . . . . . . 27 Debt Ratios . , , , , , , , , , , , , , , , , , , , 27 Direct Debt - General Obligation . . . . . . . . . . . 28 Industrial Development Revenue Debt . . . . . . . . . . . . . . . . 30 Indirect Debt . . . . . . . . . . . . . . . . . . . . . . . . . 30 Future Financing . . . . . . . . . . . . . . . . . . . . . . . . . 30 Economic and Demographic . . . . . . . . . . . . . . . . . . . . . . . 31 Population and Area . . . . . . . . . . . . . . . . . . . . . . . . 31 Employment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Larger Employers . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Income and Trade . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Building Permits . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Medical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Banking. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Appendix A - 1987 Financial Report Form of Legal Opinion Worksheets Bid Forms (This page left blank intentionally.) Summary $5,300,000 G.O. TAXABLE Tax Increment Bonds Authority & Purpose: The Bonds will be issued pursuant to Minnesota Statutes, Chapters 475 and 469 for the purpose of financing a portion of the public costs of the S.E. Edina Redevelopment Project Area (Centenniel Lakes Project). Security: The Bonds will be general obligations of the City for which the full faith, credit and unlimited taxing power is pledged. The Bonds will be payable from tax increment revenue collected from tax increment financing districts located in the S.E. Edina Redevelopment Project Area. Tax - Exempt: No Bank Qualified: No Private Activity Bonds: NA $8,425,000 G.O. Tax Increment Bonds Authority & Purpose: The Bonds will be issued pursuant to Minnesota Statutes, Chapters 475 and 469 for the purpose of financing a portion of the public costs of the S.E. Edina Redevelopment Project Area (Centenniel Lakes Project). Security: The Bonds will be general obligations of the City for which the full faith, credit and unlimited taxing power is pledged. The Bonds will be payable from tax increment revenue collected from tax increment financing districts located in the S.E. Edina Redevelopment Project Area. Tax - Exempt: Yes Bank Qualified: No Private Activity Bonds: No Non -AMT: Yes (See Tax Exemption herein) $1,760,000 G.O. Improvement Bonds Authority & Purpose: The Bonds will be issued pursuant to Minnesota Statutes, Chapters 475 and 429 for the purpose of financing the construction of public improvements. Security: The Bonds will be general obligations of the City for which the full faith, credit and unlimited taxing power is pledged. The Bonds will be payable from special assessments levied against benefitted property owners. Tax - Exempt: Yes Bank Qualified: No Private Activity Bonds: No Non -AMT: Yes (See Tax Exemption herein) $2,100,000 G.O. Recreational Facility Bonds Authority & Purpose: Security: Tax - Exempt: Bank Qualified: Private Activity Non -AMT: Bonds: The Bonds will be issued pursuant to Minnesota Statutes, Chapter 475 and Minnesota Laws 1961, Chapter 655 for the purpose of financing the construction of a nine -hole golf course and related improvements. The Bonds will be general obligations of the City for which the full faith, credit and unlimited taxing power is pledged. The Bonds will be payable from the net operating revenues of the City's golf course, ice arena and golf dome recreations. In the event that these revenues are insufficient, revenues from the municipal liquor store are pledged to repay the debt. Yes No No Yes (See Tax Exemption herein) Rating: The City is currently rated "Aal" by Moody's Investors Service and "AA" by Standard & Poor's. Applications have been made for this offering. 1988/89 Property Values: Indicated Market Value: $3,478,467,355 Assessor's Market Value: 3,078,443,610 Tax Capacity: 90,975,081 Direct General Obligation Debt: Levy /Increment /Assessment Supported $ 56,010,000 Self Supporting 8,830,000 Indirect G.O. Debt Outstanding (City Share): County $ 4,576,875 School District 2,755,852 Other 34,354,200 Total City Funds (12/31/88): $ 18,081,665 Population (1988 Metropolitan Council Estimate): 46,095 Area (Square Miles): 16 OFFICIAL STATEMENT CITY OF EDINA, MINNESOTA $5,300,000 G.O. TAXABLE TAX INCREMENT BONDS $8,425,000 G.O. TAX INCREMENT BONDS $1,760,000 G.O. IMPROVEMENT BONDS $2,100,000 G.O. RECREATIONAL FACILITY BONDS PROVISIONS APPLICABLE TO ALL ISSUES Rating A rating application has been made to Moody "s Investors Service, Inc. (99 Church Street, New York, New York, 10007, Telephone: 212- 553 -0300) and Standard & Poor's Corp. (25 Broadway, New York, New York, 10004, Telephone: 212- 208 - 8000)]. Ratings have not been assigned as of the date of this Official Statement, although the City does expect ratings to be available prior to the sale date of this issue. The City is currently rated "Aal" by Moody's and "AA" by Standard & Poor's. There is no assurance that such ratings will be obtained for any definitive period of time or that such ratings will not be changed or withdrawn if, in the opinion of the rating agencies, cir- cumstances so warrant. Any such changes or withdrawals may have an adverse effect on the marketability of the Bonds. For a full explanation of the meaning and significance of the rating, contact the rating agency directly. Litigation There is no litigation of any nature now pending or threatened questioning the organization of the City, the offices of its present officials, or the right, power and authority of the City to issue the Bonds or to levy and collect taxes for their payment. Closing Documents Simultaneously with the delivery of and payment for the Bonds by the Pur- chaser, the City will furnish to the Purchaser the following closing docu- ments, in a form satisfactory to Bond Counsel: (1) Signature Identification Certificate; (2) Receipt and Delivery Certificate; (3) Arbitrage Certificate (if applicable); (4) No- Litigation Certificate; (5) Legal Opinion; and (6) Certificate as to Official Statement as included in this Official Statement. It is anticipated that closing will occur approximately three weeks after the date of sale. PROVISIONS RELATING TO TAX - EXEMPT ISSUES The provisions in this section apply to the following issues: $8,425,000 G.O. Tax Increment Bonds, $1,760,000 G.O. Improvement Bonds, and $2,100,000 G.O. Recreational Facility Bonds. Tax Exemption In the opinion of Dorsey & Whitney, as Bond Counsel, on the basis of laws in effect on the date of issuance of the Bonds, interest on the Bonds is not includible in gross income for federal income tax purposes or in taxable net -1- income of individuals, estates and trusts for Minnesota income tax purposes. Interest on the Bonds is includible in taxable income of corporations and financial institutions for purposes of the Minnesota franchise tax. Certain provisions of the Internal Revenue Code of 1986, as amended, (the "Code "), however, impose continuing requirements that must be met after the issuance of the Bonds in order for interest thereon to be and remain not includible in federal gross income and in Minnesota taxable net income. Noncompliance with such requirements by the Issuer may cause the interest on the Bonds to be includible in federal gross income and in Minnesota taxable net income, retroactive to the date of issuance of the Bonds, irrespective in some cases of the date on which such noncompliance occurs or is ascertained. No provision has been made for redemption of the Bonds, or for an increase in the interest rate on the Bonds, in the event that interest on the Bonds becomes includible in federal gross income or Minnesota taxable net income. Interest on the Bonds is not an item of tax preference includible in alterna- tive minimum taxable income for purposes of the federal alternative minimum tax applicable to all taxpayers or the Minnesota alternative minimum tax applicable to individuals, estates and trusts, but is includible in book income or in earnings and profits in determining the alternative minimum taxable income of corporations for purposes of the federal alternative minimum tax and the environmental tax imposed by Section 59A of the Code. Interest on the Bonds may be includible in the income of a foreign corporation for purposes of the branch profits tax imposed by Section 884 of the Code and is includible in the net investment income of foreign insurance companies for purposes of Section 842(b) of the Code. In the case of an insurance company subject to the tax imposed by Section 831 of the Code, the amount which otherwise would be taken into account as losses incurred under Section 832(b)(5) of the Code must be reduced by an amount equal to fifteen percent of the interest on the Bonds that is received or accrued during the taxable year. Section 86 of the Code requires recipients of certain social security and railroad retirement benefits to take into account interest on the Bonds in determining the taxability of such benefits. Passive investment income, including interest on the Bonds, may be subject to federal income taxation under Section 1375 of the Code for an S corporation that has Subchapter C earnings and profits at the close of the taxable year if more than twenty -five percent of its gross receipts is passive investment income. Section 265 of the Code denies a deduction for interest on indebtedness incurred or continued to purchase or carry the Bonds. The Bonds will not be designated as "qualified tax - exempt obligations ". The foregoing is not intended to be an exhaustive discussion of collateral tax consequences arising from receipt of interest on the Bonds. Prospective purchasers or Bondholders should consult their tax advisors with respect to collateral tax consequences, including without limitation the calculations of alternative minimum tax, environmental tax or foreign branch profits tax liability or the inclusion of social security or other retirement payments in taxable income. PROVISIONS RELATING TO TAXABLE ISSUE Federal Taxability In the opinion of Bond Counsel, under existing law, interest on the Bonds is includible in the federal gross income of the owners of the Bonds. - 2 - $5,300,000 G.O. TAXABLE Tax Increment Bonds Authority & Purpose The Bonds will be issued pursuant to Minnesota Statutes, Chapters 475 and 469 for the purpose of financing a portion of the public costs of the S.E. Edina Redevelopment Project Area (Centennial Lakes Project). The bond issue includes the following: Public Improvements $ 452,986 Housing Site Work 2,969,604 Construction Management 19,998 Contingency 263,059 Total Project Costs 3,705,647 Capitalized Interest 1,484,353 Costs of Issuance 20,000 Discount 90,000 Total Bond Issue $5,300,000 Security The Bonds will be general obligations of the City for which the full faith and credit and unlimited taxing power is pledged. The Bonds will be payable from tax increment revenue collected from tax increment financing districts located in the S.E. Edina Redevelopment Project Area. Terms and Conditions of Sale Sealed bids for the purchase of $5,300,.000 General Obligation Taxable Tax Increment Bonds, Series 1989 (the Bonds) of the City of Edina, Minnesota (the City) will be received at the offices of Public Financial Systems, Inc., until 11:00 a.m., on Monday, March 20, 1989, when they will be opened, read and tabulated. The bids will be presented to the City Council for consideration at a meeting to be held at the City Hall at 7:00 p.m. on the same date. This is a statement of the terms and conditions upon which the bids for the Bonds will be received, the sale thereof awarded and the Bonds issued. Purpose The Bonds will be issued for the purpose of costs of the S.E. Edina Redevelopment Project $5,300,000 in accordance with the provision s 475. - 3 - financing a portion of the public Area, in the principal amount of of Minnesota Statutes, Chapters Type, Denomination and Maturities The Bonds will bear a date of original issue as of April 1, 1989, will be in fully registered form and in denominations of $5,000 or any integral multiple thereof, of single maturities, and will mature on February 1 in the following years and amounts: Year Amount Year Amount Year Amount 1995 $ 125,000 2000 $ 225,000 2005 $ 375,000 1996 50,000 2001 250,000 2006 400,000 1997 75,000 2002 275,000 2007 700,000 1998 125,000 2003 325,000 2008 875,000 1999 175,000 2004 375,000 2009 950,000 Redemption The Bonds maturing in 1999 and subsequent years will each be subject to redemption and prepayment, at the option of the City, in whole or in part and if in part in inverse order of maturities and by lot within a maturity, on February 1, 1998 and any interest payment date thereafter, at a price equal to the principal amount thereof to be redeemed plus accrued interest to the date of redemption. Interest Payment Dates and Rates Interest will be payable on August 1, 1989 and semiannually thereafter on each February 1 and August 1, to the registered owners of the Bonds appearing of record in the bond register as of the close of business on the 15th day (whether or not a business day) of the immediately preceding month. All Bonds of the same maturity must bear interest from date of original issue until paid at a single, uniform rate, not exceeding the rate specified for Bonds of any subsequent maturity. Each rate must be expressed in an integral multiple of 1/8 or 5/100 of 1 %, not exceeding the rate specified for Bonds of any subse- quent maturity. Bond Registrar, Transfer Agent and Paving Agent The City will designate and contract with a bank, financial institution or trust company to act as Bond Registrar, Transfer Agent and Paying Agent (the Registrar). The Bond Registrar will be kept, principal and interest will be paid to the registered owner of each Bond and transfers of ownership will be effected by the Registrar. The City will pay the reasonable and customary charges of the Registrar for such services. The City reserves the right to remove the Registrar and appoint a successor. Delivery Within 40 days after the sale, the City will deliver to the Registrar the printed Bonds ready for completion and authentication. The original purchaser of the Bonds must notify the Registrar, at least five business days before delivery of the Bonds, of the persons in whose names the bonds will be initially registered and the authorized denominations of the Bonds to be originally issued. If notification is not received by that date, the Bonds will be registered in the name of the original purchaser and will be issued in denominations corresponding to the principal maturities of the Bonds. On the - 4 - day of closing, the City will furnish to the purchaser the opinion of bond. counsel hereinafter described, an arbitrage certification and a certificate verifying that no litigation in any manner questioning the validity of the Bonds is then pending or, to the best knowledge of officers of the City, threatened. Payment for the Bonds must be received by the City at its desig- nated depositary on the date of closing in immediately available funds. Legal Opinion An opinion as to the validity of the Bonds will be furnished by Dorsey & Whitney, of Minneapolis, Minnesota and will be printed on the Bonds. The legal opinion will state that the Bonds are valid and binding general obliga- tions of the City enforceable in accordance with their terms, except to the extent to which enforceability may be limited by state or United States laws relating to bankruptcy, reorganization, moratorium or creditors' rights. Type of Bid and Award Sealed bids must be mailed or delivered to the undersigned and must be received prior to the time established above for the opening of bids. Each bid must be unconditional. A good faith deposit in the amount of $106,000 must be submitted with each bid. The good faith deposit must be in the form of a certified or cashiers check or bank draft. The good faith deposit will be retained by the City as liquidated damages if the bid is accepted and the bidder fails to comply therewith. The good faith deposit will be returned to the purchaser at the closing for the Bonds. The bid authorizing the lowest net interest cost (total interest from date of Bonds to stated maturities less any cash premium or plus any discount) will be deemed the most favorable. No oral bid and no bid of less than $5,210,000 plus accrued interest on all of the Bonds will be considered and the City reserves the right to reject any and all bids and to waive any informality in any bid. CUSIP Numbers The City will assume no obligation for the assignment or printing of CUSIP numbers on the Bonds or for the correctness of any numbers printed thereon, but will permit such numbers to be assigned and printed at the expense of the purchaser, if the purchaser waives any delay in delivery occasioned thereby. Information for bidders and bidding forms may be obtained from the undersigned or from Public Financial Systems, Inc., 512 Nicollet Mall, Suite 550, Min- neapolis, Minnesota, 55402; telephone 612 - 333 -9177, financial consultants to the City. Dated: February 21, 1989. BY ORDER OF THE CITY COUNCIL - 5 - $8.425.000 G.O. Tax Increment Bonds Authority & Purpose The Bonds will be issued pursuant to Minnesota Statutes, Chapters 475 and 469 for the purpose of financing a portion of the public costs of the S.E. Edina Redevelopment Project Area (Centennial Lakes Project). The bond issue includes the following: Public Improvements $1,902,829 Storm Drainage 200,000 Construction Management 60,000 Contingency 590,282 Park Total Project Costs 3,800,000 6,553,111 Capitalized Interest 1,701,889 Costs of Issuance 30,000 Discount 140,000 Total Bond Issue $8,425,000 Security The Bonds will be general obligations of the City for which the full faith and credit and unlimited taxing power is pledged. The Bonds will be payable from tax increment revenue collected from tax increment financing districts located in the S.E. Edina Redevelopment Project Area. Terms and Conditions of Sale Sealed bids for the purchase of $8,425,000 General Obligation Tax Increment Bonds, Series 1989 (the Bonds) of the City of Edina, Minnesota (the City) will be received at the offices of Public Financial Systems, Inc. until 11:00 a.m., on Monday, March 20, 1989, when they will be opened, read and tabulated. The bids will be presented to the City Council for consideration at a meeting to be held at the City Hall at 7:00 p.m. on the same date. This is a statement of the terms and conditions upon which the bids for the Bonds will be re- ceived, the sale thereof awarded and the Bonds issued. Purpose The Bonds will be issued for the purpose of financing a portion of the public costs of the S.E. Edina Redevelopment Project Area, in the principal amount of $8,425,000 in accordance with the provisions of Minnesota Statutes, Chapter 475. Type, Denomination and Maturities The Bonds will bear a date of original issue as of April 1, 1989, will be in fully registered form and in denominations of $5,000 or any integral multiple thereof, of single maturities, and will mature on February 1 in the following years and amounts: Year Amount Year Amount Year Amount 1995 $ 225,000 2000 $ 350,000 2005 $ 600,000 1996 75,000 2001 375,000 2006 700,000 1997 125,000 2002 450,000 2007 1,100,000 1998 200,000 2003 500,000 2008 1,375,000 1999 275,000 2004 575,000 2009 1,500,000 Redemption The Bonds maturing in 1999 and subsequent years will each be subject to redemption and prepayment, at the option of the City, in whole or in part and if in part in inverse order of maturities and by lot within a maturity, on February 1, 1998 and any interest payment date thereafter, at a price equal to the principal amount thereof to be redeemed plus accrued interest to the date of redemption. Interest Payment Dates and Rates Interest will be payable on August 1, 1989 and semiannually thereafter on each February 1 and August 1, to the registered owners of the Bonds appearing of record in the bond register as of the close of business on the 15th day (whether or not a business day) of the immediately preceding month. All Bonds of the same maturity must bear interest from date of original issue until paid at a single, uniform rate, not exceeding the rate specified for Bonds of any subsequent maturity. Each rate must be expressed in an integral multiple of 1/8 or 5/100 of 1 %, not exceeding the rate specified for Bonds of any subse- quent maturity. Bond Registrar, Transfer Agent and Paving Agent The City will designate and contract with a bank, financial institution or trust company to act as Bond Registrar, Transfer Agent and Paying Agent (the Registrar). The Bond Registrar will be kept, principal and interest will be paid to the registered owner of each Bond and transfers of ownership will be effected by the Registrar. The City will pay the reasonable and customary charges of the Registrar for such services. The City reserves the right to remove the Registrar and appoint a successor. Delivery Within 40 days after the sale, the City will deliver to the Registrar the printed Bonds ready for completion and authentication. The original purchaser of the Bonds must notify the Registrar, at least five business days before delivery of the Bonds, of the persons in whose names the bonds will be initially registered and the authorized denominations of the Bonds to be originally issued. If notification is not received by that date, the Bonds will be registered in the name of the original purchaser and will be issued in denominations corresponding to the principal maturities of the Bonds. On the - 7 - day of closing, the City will furnish to the purchaser the opinion of bond counsel hereinafter described, an arbitrage certification and a certificate verifying that no litigation in any manner questioning the validity of the Bonds is then pending or, to the best knowledge of officers of the City, threatened. Payment for the Bonds must be received by the City at its desig- nated depositary on the date of closing in immediately available funds. Legal Opinion An opinion as to the validity of the Bonds and the exemption from taxation of the interest thereon will be furnished by Dorsey & Whitney, of Minneapolis, Minnesota and will be printed on the Bonds. The legal opinion will state that the Bonds are valid and binding general obligations of the City enforceable in accordance with their terms, except to the extent to which enforceability may be limited by state or United States laws relating to bankruptcy, reorganiza- tion, moratorium or creditors' rights. Type of Bid and Award Sealed bids must be mailed or delivered to the undersigned and must be received prior to the time established above for the opening of bids. Each bid must be unconditional. A good faith deposit in the amount of $168,500 must be submitted with each bid. The good faith deposit must be in the form of a certified or cashiers check or bank draft. The good faith deposit will be retained by the City as liquidated damages if the bid is accepted and the bidder fails to comply therewith. The good faith deposit will be returned to the purchaser at the closing for the Bonds. The bid authorizing the lowest net interest cost (total interest from date of Bonds to stated maturities less any cash premium or plus any discount) will be deemed the most favorable. No oral bid and no bid of less than $8,285,000 plus accrued interest on all of the Bonds will be considered and the City reserves the right to reject any and all bids and to waive any informality in any bid. CUSIP Numbers The City will assume no obligation for the assignment or printing of CUSIP numbers on the Bonds or for the correctness of any numbers printed thereon, but will permit such numbers to be assigned and printed at the expense of the purchaser, if the purchaser waives any delay in delivery occasioned thereby. Information for bidders and bidding forms may be obtained from the undersigned or from Public Financial Systems, Inc., 512 Nicollet Mall, Suite 550, Min- neapolis, Minnesota, 55402; telephone 612 - 333 -9177, financial consultants to the City. Dated: February 21, 1989. BY ORDER OF THE CITY COUNCIL $1,760,000 G.O. Improvement Bonds Authority & Purpose The Bonds will be issued pursuant to Minnesota Statutes, Chapters 475 and 429 for the purpose of financing the construction of public improvements. The bond issue includes the following: Project Costs $1,585,000 Capitalized Interest 145,000 Costs of Issuance 10,000 Discount 20,000 Total Bond Issue $1,760,000 Security The Bonds will be general obligations of the City for which the full faith, credit and unlimited taxing power is pledged. The Bonds will be payable from special assessments levied against benefitted property owners. Terms and Conditions of Sale Sealed bids for the purchase of $1,760,000 General Obligation Improvement Bonds, Series 1989 (the Bonds) of the City of Edina, Minnesota (the City) will be received at the offices of Public Financial Systems, Inc., until 11:00 a.m., on Monday, March 20, 1989, when they will be opened, read and tabulated. The bids will be presented to the City Council for consideration at a meeting to be held at the City Hall at 7:00 p.m. on the same date. This is a state- ment of the terms and conditions upon which the bids for the Bonds will be re- ceived, the sale thereof awarded and the Bonds issued. Purpose The Bonds will be issued for the purpose of financing assessable public improvements for the Centennial Lakes Redevelopment Project in accordance with the provisions of Minnesota Statutes, Chapters 475 and 429. Type, Denomination and Maturities The Bonds will bear a date of original issue as of April 1, 1989, will be in fully registered form and in denominations of $5,000 or any integral multiple thereof, of single maturities, and will mature on February 1 in the following years and amounts: Year Amount Year Amount Year Amount 1992 $ 180,000 1996 $ 175,000 1999 $ 175,000 1993 180,000 1997 175,000 2000 175,000 1994 180,000 1998 175,000 2001 170,000 1995 175,000 W'M Redemption The Bonds maturing in 1996 and subsequent years will each be subject to redemption and prepayment, at the option of the City, in whole or in part and if in part in inverse order of maturities and by lot within a maturity, on February 1, 1995 and any interest payment date thereafter, at a price equal to the principal amount thereof to be redeemed plus accrued interest to the date of redemption. Interest Payment Dates and Rates Interest will be payable on August 1, 1989 and semiannually thereafter on each February 1 and August 1, to the registered owners of the Bonds appearing of record in the bond register as of the close of business on the 15th day (whether or not a business day) of the immediately preceding month. All Bonds of the same maturity must bear interest from date of original issue until paid at a single, uniform rate, not exceeding the rate specified for Bonds of any subsequent maturity. Each rate must be expressed in an integral multiple of 1/8 or 5/100 of 1 %, not exceeding the rate specified for Bonds of any subse- quent maturity. Bond Registrar, Transfer Agent and Paving Agent The City will designate and contract with a bank, financial institution or trust company to act as Bond Registrar, Transfer Agent and Paying Agent (the Registrar). The Bond Registrar will be kept, principal and interest will be paid to the registered owner of each Bond and transfers of ownership will be effected by the Registrar. The City will pay the reasonable and customary charges of the Registrar for such services. The City reserves the right to remove the Registrar and appoint a successor. Delivery Within 40 days after the sale, the City will deliver to the Registrar the printed Bonds ready for completion and authentication. The original purchaser of the Bonds must notify the Registrar, at least five business days before delivery of the Bonds, of the persons in whose names the bonds will be initially registered and the authorized denominations of the Bonds to be originally issued. If notification is not received by that date, the Bonds will be registered in the name of the original purchaser and will be issued in denominations corresponding to the principal maturities of the Bonds. On the day of closing, the City will furnish to the purchaser the opinion of bond counsel hereinafter described, an arbitrage certification and a certificate verifying that no litigation in any manner questioning the validity of the Bonds is then pending or, to the best knowledge of officers of the City, threatened. Payment for the Bonds must be received by the City at its desig- nated depositary on the date of closing in immediately available funds. Legal Opinion An opinion as to the validity of the Bonds and the exemption from taxation of the interest thereon will be furnished by Dorsey & Whitney, of Minneapolis, Minnesota and will be printed on the Bonds. The legal opinion will state that the Bonds are valid and binding general obligations of the City enforceable in accordance with their terms, except to the extent to which enforceability may be limited by state or United States laws relating to bankruptcy, reorganiza- tion, moratorium or creditors' rights. Mto= Type of. Bids and Award Sealed -bids must be mailed or.- .•Livered to the undersigned and must: be received prior to the.-t.ime established-_,above for the opening of bids. Each bid must be unconditional.. A good faith deposit-in the amount•of'$35,200 must be submitted with each:- b,d. The good f faith depos i t must be in the form of a certified or, cashiers check.or bankdraft. The good faith deposit will be retained by the City as liquidated damages if the bid is accepted and the bidder fails to comply therewith The_good :faith deposit will be returned to the purchaser at the closing for the Bonds. The bid authorizing the lowest net interest cost (total interest from date of Bonds-to-stated maturities less any cash premium or plus any discount) will be deemed the most favorable: No oral bid. and no bid of less: than $1,740,000 plus accrued interest on all of the Bonds will be considered and the City reserves the right to reject any and all bids and to waive -any informality in.any bid. CUSIP Numbers The City will assume no obligation for the assignment or printing of CUSIP numbers on the Bonds or.for -the correctness of any numbers printed thereon, but will permit such numbers to be assigned and printed at the expense of the purchaser, if the purchaser waives any delay in delivery occasioned thereby. Information for bidders and-bidding• forms may be obtained from the undersigned or from Public Financial Systems-;- Inc.,. 512 Nicollet Mall, Suite 550, Min- neapolis, Minnesota, 55402; telephone 612 - 333 -9177, financial consultants to the City. Dated: February 21, 1989. BY ORDER OF THE CITY COUNCIL - `11-- $2,100,000 G.O. Recreational Facility Bonds Authority & PurDOse The Bonds will be issued pursuant to Minnesota Statutes, Chapter 475 and Minnesota Laws 1961, Chapter 655 for the purpose of financing the construction of a nine -hole golf course and related improvements. The bond issue includes the following: N.ine -Hole Golf Course $1,200,000 Well 300,000 Parking Lot 300,000 Buildings 250,000 Total Project Cost $2,050,000 Capitalized Interest 0 Costs of Issuance 19,000 Discount 31,000 Total Bond Issue $2,100,000 Under the provisions of Minnesota Laws 1961, Chapter 655, the City may issue general obligation bonds to finance recreational facilities if the net revenues from the preceding fiscal year are greater than the maximum principal and interest on the proposed bond and all outstanding debt. For fiscal year 1987, the liquor store, golf course and ice arena generated $694,416 in revenues to pay debt service. The maximum projected annual debt service from the Bonds and the outstanding debt is $440,544. Security The Bonds will be general obligations of the City for which the full faith and credit and unlimited taxing power is pledged. The Bonds will be payable from the net operating revenues of the municipal liquor store, golf course and ice arena. Terms and Conditions of Sale Sealed bids for the purchase of $2,100,000 General Obligation Recreational Facility Bonds, Series 1989 (the Bonds) of the City of Edina, Minnesota (the City) will be received at the offices of Public Financial Systems Inc., until 11:00 a.m., on Monday, March 20, 1989, when they will be opened, read and tabulated. The bids will be presented to the City Council for consideration at a meeting to be held at the City Hall at 7:00 p.m. on the same date. This is a statement of the terms and conditions upon which the bids for the Bonds will be received, the sale thereof awarded and the Bonds issued. Purpose The Bonds will be issued for the purpose of financing improvements to the municipal golf course in accordance with the provisions of Minnesota Statutes, Chapter 475 and Minnesota Laws 1961, Chapter 655. - 12 - Type, Denomination and Maturities The Bonds will bear a date of original issue as of April 1, 1989, will be in fully registered form and in denominations of $5,000 or any integral multiple thereof, of single maturities, and will mature on January 1 in the following years and amounts: Year Amount Year Amount Year Amount 1992 $ 65,000 1998 $ 95,000 2004 $ 140,000 1993 70,000 1999 100,000 2005 145,000 1994 70,000 2000 105,000 2006 160,000 1995 75,000 2001 115,000 2007 170,000 1996 80,000 2002 120,000 2008 180,000 1997 85,000 2003 130,000 2009 195,000 Redemption The Bonds maturing in 1999 and subsequent years will each be subject to redemption and prepayment, at the option of the City, in whole or in part and if in part in inverse order of maturities and by lot within a maturity, on January 1, 1998 and any interest payment date thereafter, at a price equal to the principal amount thereof to be redeemed plus accrued interest to the date of redemption. Interest Payment Dates and Rates Interest will be payable on January 1, 1990 and semiannually thereafter on each July 1 and January 1, to the registered owners of the Bonds appearing of record in the bond register as of the close of business on the 15th day (whether or not a business day) of the immediately preceding month. All Bonds of the same maturity must bear interest from date of original issue until paid at a single, uniform rate, not exceeding the rate specified for Bonds of any subsequent maturity. Each rate must be expressed in an integral multiple of 1/8 or 5/100 of 1 %, not exceeding the rate specified for Bonds of any subse- quent maturity. Bond Registrar, Transfer Agent and Paving Agent The City will designate and contract with a bank, financial institution or trust company to act as Bond Registrar, Transfer Agent and Paying Agent (the Registrar). The Bond Registrar will be kept, principal and interest will be paid to the registered owner of each Bond and transfers of ownership will be effected by the Registrar. The City will pay the reasonable and customary charges of the Registrar for such services. The City reserves the right to remove the Registrar and appoint a successor. Delivery Within 40 days after the sale, the City will deliver to the Registrar the printed Bonds ready for completion and authentication. The original purchaser of the Bonds must notify the Registrar, at least five business days before delivery of the Bonds, of the persons in whose names the bonds will be initially registered and the authorized denominations of the Bonds to be originally issued. If notification is not received by that date, the Bonds will be registered in the name of the original purchaser and will be issued in denominations corresponding to the principal maturities of the Bonds. On the - 13 - day of closing, the City will furnish to the purchaser the opinion of bond counsel hereinafter described, an arbitrage certification and a certificate verifying that no litigation in any manner questioning the validity of the Bonds is then pending or, to the best knowledge of officers of the City, threatened. Payment for the Bonds must be received by the City at its desig- nated depositary on the date of closing in immediately available funds. Legal Opinion An opinion as to the validity of the Bonds and the exemption from taxation of the interest thereon will be furnished by Dorsey & Whitney, of Minneapolis, Minnesota and will be printed on the Bonds. The legal opinion will state that the Bonds are valid and binding general obligations of the City enforceable in accordance with their terms, except to the extent to which enforceability may be limited by state or United States laws relating to bankruptcy, reorganiza- tion, moratorium or creditors' rights. Type of Bid and Award Sealed bids must be mailed or delivered to the undersigned and must be received prior to the time established above for the opening of bids. Each bid must be unconditional. A good faith deposit in the amount of $42,000 must be submitted with each bid. The good faith deposit must be in the form of a certified or cashiers check or bank draft. The good faith deposit will be retained by the City as liquidated damages if the bid is accepted and the bidder fails to comply therewith. The good faith deposit will be returned to the purchaser at the closing for the Bonds. The bid authorizing the lowest net interest cost (total interest from date of Bonds to stated maturities less any cash premium or plus any discount) will be deemed the most favorable. No oral bid and no bid of less than $2,069,000 plus accrued interest on all of the Bonds will be considered and the City reserves the right to reject any and all bids and to waive any informality in any bid. CUSIP Numbers The City will assume no obligation for the assignment or printing of CUSIP numbers on the Bonds or for the correctness of any numbers printed thereon, but will permit such numbers to be assigned and printed at the expense of the purchaser, if the purchaser waives any delay in delivery occasioned thereby. Information for bidders and bidding forms may be obtained from the undersigned or from Public Financial Systems, Inc., 512 Nicollet Mall, Suite 550, Min- neapolis, Minnesota, 55402; telephone 612 - 333 -9177, financial consultants to the City. Dated: February 21, 1989. BY ORDER OF THE CITY COUNCIL - 14 - Organization Edina is located in the heart of the Minneapolis -St. Paul metropolitan area. The City is adjacent to the southwest border of Minneapolis. Edina is well served by the regional transportation system. Interstate 494, forming the "loop" highway for the area, passes the City's southern border. State Highway 100 /County Road 62 (Crosstown) /U.S. Highway 169 bisect the City. In addition, Minneapolis -St. Paul International Airport is located six miles from the City. Edina is celebrating its centennial this year, having been incorporated on December 17, 1888. The City adopted the Council- Manager form of government on January 1, 1955. The City is governed by a five member City Council (see organization chart on following page). The Council Members serve four year overlapping terms. Mr. Kenneth Rosland has served as the City Manager since 1977. Mr. Rosland has been employed by the City since 1958. He held the office of Director of Parks and Recreation from 1962 to 1977. Mr. Rosland is a graduate of the University of Minnesota and a full member of the International City Management Associa- tion. The City's Finance Director is Mr. John Wallin. He has held this position since 1986. Mr. Wallin is a certified public accountant. City of Edina Citizens Boards & u City Council / Commissions n HRA City Manager City Attorney '--' HRA Admin. Personnel 01 City Public Bldg. Clerk Assessing Polite Health Works Planning Parks Inspect. Lance Elections Civil Animal Police Water Streets Rec. Rec. Park 6 & Engin. Facilit. Progs. Maint. Dsfsns. Ctrl Opsr. Server Maint. Liquor St.. Fire Prey. & EMS Ctrl. Accountinq System and Budgetary Controls Internal accounting controls of the City are designed to provide reasonable, but not absolute, assurance regarding: (1) the safeguarding of assets against loss from unauthorized use or disposition; and (2) the reliability of financial records for preparing financial statements and maintaining accountability for assets. Budgetary control is maintained through the use of purchase orders. Purchase orders which would result in an overrun of the budgeted allotment are not released until additional appropriations are made available. Financial Reporting Entity The City has reviewed its financial reporting entity definition in light of the National Council on Governmental Accounting's Statement No. 3, Defining the Governmental Reporting Entity as adopted by the Governmental Accounting Standards Board Statement 1. The entities included in the City's report are those for which the City has oversight responsibility. Oversight respon- sibility includes such duties as appointment of governing body members, budget review, approval of property tax levies, responsibility for funding deficits and for outstanding debt secured by the City's full faith and credit for revenues. Cash Management The City subscribes to the "pooled cash" concept of investing. Under this approach, all funds with cash balances participate in an investment pool. This permits some funds to be overdrawn and others to show cash balances when, in fact, the City has a cash balance. This pooled cash concept provides for greater amounts of money at more favorable rates. Independent Audit State Law requires that every city with a population in excess of 2,500 submit to the State Auditor audited financial statements which have been attested to by a certified public accountant, public accountant, or the State Auditor. In compliance with this statute, the 1987 audit of the City was conducted by the certified public accounting firm of Peat, Marwick, Main & Co. Fund Accounting The accounts of the City are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The opera- tions of each fund are accounted for with a separate set of self - balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures. Government resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. Basis of Accounting Governmental funds are reported on the modified accrual basis of accounting, in which revenues are recognized when they become both measurable and available. Expenditures are generally recognized under the modified accrual basis when the related fund liability is incurred. The proprietary fund types are accounted for using the accrual basis of accounting. Their revenues are recognized when earned and their expenses are recognized when incurred. Revenue sources susceptible to accrual include property taxes, intergovernmental revenue and investment earnings. Expenditures are recognized when the corresponding - 17 - liabilities are incurred, except for principal and interest on general long- term debt, which are recognized when due. Operations The City currently employs 227 full -time employees. Fire, police and public works personnel are represented by recognized bargaining units. Public Works employees have a current contracts through December 31, 1989. Police and Fire personnel have a contract through December 31, 1988. All office and engineer- ing personnel are non - unionized at this time. All other eligible employees (including police and fire personnel hired after January 1, 1971) are covered under the state - administered Public Employees Retirement Association (PERA). Retirement for police and fire personnel is handled through two separate City pension plans. City contributions to these plans are given below. 1984 1985 1986 1987 1988 Social Security $202,023 $223,561 $272,680 $285,922 $344,352 PERA & Police & Fire $504,537 $508,757 $537,402 $552,089 $604,124 The City Fire Department has 30 full -time personnel on staff in one station in the City. The Department operates 8 vehicles including 4 pumpers, 3 paramedic trucks, and a grass fire rig. The City has a fire insurance rating of #4. The City Police Department provides city residents with 46 licensed Police Officers. The City has eleven patrol cars and 15 umarked cars in the Police Department. The City of Edina operates an extensive public works system under the manage- ment of the City Public Works Director. The Public Works Department includes water and sanitary utility, storm sewer, engineering, parking system and the parks and recreation system. Water Utility - The Water Department maintains a system of 197.97 miles of water main, and 13,347 user - connections. Water is pumped from seventeen wells. Storage capacity is 6 million gallons. Street and Sanitary Sewer - This department is responsible for maintaining the 185.83 miles of sewers in Edina and the 226 miles of streets in the City. Parks and Recreation - The Parks and Recreation Department, maintains 1,279 park acres of which 700 acres are improved. Facilities include 34 playgrounds, 3 private golf courses and 2 public golf courses. IFS REVENUES AND EXPENDITURES - General Fund (Year Ending 12/31) Revenues: Taxes Licenses & Permits Intergovernmental Charges for Serv. Fines & Forfeits Interest on Investments Miscellaneous Total Revenues Transfers In Total Revenues and Transfers in Expenditures: 1983 1984 1985 1986 1987 $4,001,680 $ 4,803,082 $5,763,688 443,061 405,685 553,908 2,182,368 1,632,855 1,752,677 363,049 379,584 540,458 337,978 375,101 386,333 65,134 56,617 157,447 120,006 61,161 522,776 $7,513,276 $ 7,714,085 $9,677,287 367,599 323,595 1,442,852 $7,880,875 General Government $1,083,906 Public Safety 4,146,820 Public Works 2,236,979 Parks 2,444,260 -- 0 - -(1) Other 1,227,795 211,372 Capital outlay -- 0 -- Total Expenditures $7,679,077 Transfers Out -- 0 -- Total Expenditures and Transfers out $7,679,077 Excess of Revenues /Other Sources Over Expen- ditures /Other Uses $201,798 $6,437,526 695,898 1,903,714 772,920 401,203 89,305 83.606 $10,384,172 675,000 $6,890,876 710,282 2,039,753 652,389 515,172 203,412 170,025 $11,181,909 568,735 $ 8,037,680 $11,120,139 $11,059,172 $11,750,644 $ 1,204,887 $1,397,975 $1,383,353 $1,425,939 4,018,072 4,356,382 4,520,851 4,762,906 2,597,141 2,508,679 2,444,260 2,209,872 -- 0 - -(1) 1,227,795 1,068,170 1,369,848 199,697 363,635 617,814 391,139 -- 0 -- -- 0 -- 837,061 683,391 $ 8,019,797 $9,854,466 $10,871,509 $10,843,095 -- 0 -- -- 0 -- -- 0 -- 459,011 $ 8,019,797 $9,854,466 $10,871,509 $11,302,106 $17,883 $1,265,673 $ 187,663 $ 448,538 (1) Listed in a separate fund for these years. Figures for 1988 were not available at the date of this Official Statement. Method of Accounting: Modified Accrual. Source: City Annual Financial Reports (Audited) CASH AND INVESTMENTS ON HAND - 12 -31 -88 General Fund $ 5,336,379 Improvement and Bond Redemption 385,527. Construction (900,999) Revolving 5,950,501 Utilities 3,843,551 Liquor 278,378 Swimming Pool (110,671) Golf Course (2,292) Recreation Center (267,784) Gun Range (1,007) Art Center 15,698 Edinborough Park 3,554,384 TOTAL FUNDS ON HAND $18,081,665* * These are unaudited figures. - 19 - Utilities Fund - Water and Sewer 1984 Operating revenues $3,093,546 Operating expenses* 2,996,541 $ 97,005 *Excluding depreciation Liquor Fund Gross profit Operating expenses Operating income Golf Course Operating Revenues Operating Expenses* *Excluding depreciation Recreation Center Operating Revenues Operating Expenses* *Excluding depreciation 1984 $978,700 688,623 $290,077 1984 $693,489 504,488 $189,001 1984 $337,463 323,639 $ 13,824 - 20 - 1985 1986 1987 $3,248,364 $3,136,808 $4,053,788 3,347,289 3,347,574 3,745,869 $ (98,925) $ (210,766) $ 307,919 1985 1986 1987 $987,787 $986,980 $980,749 735,443 722,298 735,006 $252,344 $264,682 $245,743 1985 1986 1987 $786,430 $768,220 $956,737 588,529 692,843 711,898 $197,901 $ 75,377 $244,839 1985 1986 1987 $320,228 $358,865 $364,327 363,478 361,721 341,486 $(43,250) $ (2,856) $ 22,841 PROPERTY TAX SYSTEM In 1988, the Minnesota State Legislature enacted several changes to the property tax system aimed at providing property tax relief. The most sig- nificant of these changes were: (1) Enactment of new ratios calculating taxable values; (2) Elimination of the Homestead Credit beginning in 1990; (3) Creation of Disparity Reduction Aid and Transition Aid programs. These changes will be discussed in the following section describing the Minnesota property tax system. Tax Cycle Ad valorem property taxes are levied by local governments in Minnesota and are extended and collected by the various counties within the State. Each taxing jurisdiction is required to certify the annual tax levy to the county auditor by October 10th of the preceding year. A listing of taxes due is then prepared by the county auditor and turned over to the county treasurer on or before the first Monday in January. The county treasurer is responsible for collecting all property taxes within the County. Real estate tax statements are to be mailed out no later than January 31 and personal property tax statements no later than February 15. One -half of the taxes on real property is due on or before May 15. The remainder is due on or before October 15. One -half of personal property taxes is due on or before February 28 and one -half on or before June 30. The county treasurer's major distribution of tax collections occur on June 1 and November 1 for school districts and July 5 and November 5 for cities, counties, townships, and other taxing jurisdictions. Non - payment of taxes is penalized at various rates, depending on the type of property and the delin- quency period. Property Values All taxable property in Minnesota is listed annually and reappraised at least once every four years with reference to its value on January 2 of that year. Property is appraised at Estimated Market Value, defined as the usual selling price of the property which would be obtained at private sale and not at a forced or auction sale. The taxable value of property, upon which taxes are levied, extended and col- lected, is a percentage of the Estimated Market Value. In previous years, the term for taxable value was "assessed value ". In 1988, the Minnesota State Legislature changed the manner in which the taxable value of property is determined. For taxes payable 1989, the taxable value of property is called Gross Tax Capacity. After 1989, taxable value will be referred to as Net Tax Capacity. The mechanics of the computation are the same as in previous years. Gross /Net Tax Capacity equals Estimated Market Value multiplied by a given percentage for the particular classification of property. The following table compares selected Assessed Value ratios for previous years with the Gross and Net Tax Capacity formulas. - 21 - It should be noted that neither the assessed value /tax capacity nor the market value may accurately represent what a property's actual market value would be in the market place. By dividing the estimated market value used for tax purposes by the State Equalization Aid Review Committee's (EARC) "Sales Ratio" for any particular year, an Indicated Market Value can be calculated which ap- proximates such an actual value. Sales ratios represent the relationship between the market value used for tax purposes and actual selling prices which were obtained in real estate transactions within a governmental unit in any particular year. Residential Homestead First $68,000 $68,000 to $100,000 Over $100,000 Residential Non - Homestead: Three or fewer units Four or more units Agricultural Homestead House: First $65,000* Over $65,000 Agricultural Homestead Land: < $65,000 and < 320 acres < $65,000 to 320 acres Over $65,000 to 320 acres Over $65,000 over 320 acres Agricultural Non - Homestead: House Land Commercial and Industrial: First $60,000 $60,000 to $100,000 Over $100,000 Tax Rates Percent of Estimated Market Value Payable 1988 Payable 1989 Payable 1990 Gross Tax Net Tax Assessed Value Capacity Capacity 17% 2.17% 1.00% 27% 2.50% 2.50% 27% 3.30% 3.30% 28% 3.50% 3.50% 34% 4.10% 4.10% 14% 0.805% 1.75% 18% 2.20% 2.20% 14% 1.12% 1.75% 14% 1.295% 1.75% 18% 1.44% 2.25% 18% 1.665% 2.25% 18% 2.70% 2.70% 18% 1.665% 2.25% 28% 3.30% 3.30% 43% 3.30% 3.30% 43% 5.25% 5.25% The applicable tax rates are calculated by dividing each taxing district's levy by its corresponding gross tax capacity (taxable value). Prior to 1989, the tax rates were expressed as mill rates, one mill representing one dollar of tax per $1,000 of assessed value. Beginning in 1989, the tax rates will be called tax capacity rates and will be expressed in the form of a percentage. Levy Limitations The ability of local governments in Minnesota to levy property taxes is controlled by various statutory limitations. The levy limits described in this section applies to all counties and cities with a population in excess of 2,500. The property tax levy limitation for 1989 is determined by multiplying the "levy limit base" by 104% and by the percentage growth in population or number of households (whichever is greater) and subtracting the amount of Local Government Aid (LGA) to be received in 1989. For the years 1989 and there - 22 - after, the levy limit base will be adjusted by 103 %. The levy limit base is the actual levy for the previous year (subject to levy limits) plus LGA and minus special levies (for the Twin Cities metropolitan area the levy base includes fiscal disparity distribution levies). Property taxes may be levied without limitation for debt service, correcting auditor's errors and omissions, unfunded pension liability, compensation to the State for the cost of state ordered reassessments and tax increment shortfalls due to changes in the property tax system. The levy l.i mi t may be appealed to the Commissioner of Revenue. To grant an appeal, the Commissioner must be provided with satisfactory evidence that the levy for the previous year had been reduced because reserve funds were used to make expenditures. Further information on levy limitation can be obtained from the Minnesota Department of Revenue, Local Government Aids and Analysis Division. Homestead Credit Minnesota homeowners receive direct property tax relief from the homestead credit. The State reduces by 54% the property taxes on residential homestead property up to a maximum estimated market value of $68,000. The maximum homestead credit is $725. Reimbursement for the homestead credit is made to each governmental unit. With the exception of school districts, the reimbur- sement payments are made in two equal installments, on or before July 15th and December 15th. School Districts are reimbursed in nine installments from August to May with a tenth installment made the following October. The current property tax law will end the homestead credit program after 1989. Disparity Reduction Aid Disparity Reduction Aid was created by the 1988 State Legislature and will take effect in 1989. The objective of Disparity Reduction Aid is to reduce property taxes in high tax areas to an approximate equivalent of 125 mills. The amount of Aid is the greater of (1) Payable 1988 Gross Tax Less Payable 1988 Gross Tax Capacity, or (2) City /Town 1988 Gross Tax Less 23% of City /Town Payable 1988 Gross Tax Capacity multiplied by 20 %. The determination of Disparity Reduction Aid will be made using 1988 data and will not be redeter- mined in future years. The County Auditor will use the amount of Disparity Reduction Aid to reduce the property tax rates to each jurisdiction. Units of government levying taxes are reimbursed in accordance with the reduction in tax rates. The payment of Disparity Reduction Aid follows the same timing as the Homestead Credit. Transition Aid In conjunction with the elimination of the homestead and agricultural credits and the conversion to net tax capacity, Transition Aid will be paid to local government in 1990 and in subsequent years. The amount of Transition Aid is calculated according to the following formula: Payable 1989 Gross Tax Less (Payable 1989 Homestead Effective Rate X Net Tax Capacity X 103). The determination of Transition Aid will be made using 1989 data and will not be redetermined in future years. The payment of Transition Aid follows the same timing as the Homestead Credit. - 23 - TREND OF VALUES ---------- - - - - -- -1988 Levy /1989 Collection-------- - - - - -- Indicated Sales Assessor's Market Value(1) Ratio Market Value Real Property $3,060,814,910 Personal Property 17,628,700 $3,478,467,355 88.5%* $3,078,443,610 Less: Incremental Value(2) Fiscal disparity contribution(3) Plus: Fiscal disparity distribution Prior Years: 1987/88 $3,190,473,220 88.5% $2,823,568,800 1986/87 2,895,213,836 90.7 2,625,958,950 1985/86 2,798,849,116 90.5 2,532,958,450 1984/85 2,777,562,157 87.6 2,433,144,450 1983/84 2,689,907,775 86.3 2,321,390,410 Tax Capacity $100,743,307 925.511 $101,668,818 (3,968,472) (9,224,484) 2.499.219 $ 90,975,081 $705,560,060(4) 673,924,956(4) 659,467,919(4) 643,378,605(4) 613,145,399(4) * The 1988 sales ratio will not be available until August of 1989. The indicated market value was figured using the 1987 sales ratio. (1) The indicated market value is calculated by dividing the assessor's market value by the Minnesota Department of Revenue's real estate sales ratio. (2) The incremental assessed value of urban renewal project areas, in the years after their redevelopment, is segregated from the assessed value upon which tax rates are computed and levied. The same rates, however, are levied upon the incremental value to pay for urban renewal costs (in- cluding debt service). After payment of these costs in full, the incre- mental value is added to the tax base for general governmental purposes. (3) Each community in the seven - county metropolitan area contributes 40% of its new industrial and commercial valuation to an area pool, which is then distributed among the municipalities on the basis of population, special needs, etc. Each governmental unit makes a contribution and receives a distribution - - sometimes gaining and sometimes losing assessed value for tax- purposes. Taxes are spread on the basis of assessed valuation after fiscal disparities and adjustments. (4) These figures represent assessed value. The figures for 1989 represent Tax Capacity. - 24 - Detail of the City's 1988/89 Tax Capacity for Real Property is given below: EDINA, MINNESOTA BREAKDOWN OF TAX CAPACITY LARGER TAXPAYERS Name Southdale Pentagon Office Park Southdale Office Center Cedars of Edina Gabberts & Galleria National Car Southdale Medical Center Honeywell Building 7500 York Co -op Durham Residential 58.3% Land 1.3% Non - Residential Homestead Commercial /Industrial 34.1% 1987/88 Business Assessed Value Shopping Center $ 39,992,240 Office Building 14,073,266 Office Building 11,724,324 Apartments 8,553,516 Shopping Center 7,950,571 Office Building 7,724,550 Office Building 7,341,420 Office Building 5,690,130 Co -op Housing 4,406,400 Apartments 3,590,000 $111,046,417* *This represents 15.74% of the total taxable assessed value of the City of Edina. The 1988/89 larger taxpayers will not be available until April, 1989. - 25 - TAX RATES - Taxes per $1,000 of Assessed Value* Tax ------ - - - - -- Levy /Collection Year---- - - - - -- Extension 1984/85 1985/86 1986/87 1987/88 1988/89 Hennepin County $29.26 $29.69 $29.36 $31.67 27.10% City of Edina 10.34 11.30 11.95 12.15 9.89 ISD #273 46.21 45.03 43.07 44.84 43.48 ISD #287(Hennepin 92.44 #280(Richfield) 98.36 102.35 98.11 108.16 89.32 Technical Ctr) 1.49 1.54 1.42 1.49 1.22 Other 5.18 5.88 5.96 6.74 5.80 $92.48 $93.44 $91.76 $96.89 87.49% *Before computation of homestead credits which are currently 54% of taxes or a $700 maximum. Amount 1988/89 $8,996,527(3) -------- - - - -In Process of Collection------ Residents of Edina living in school districts other than #273 would have total mill rates or total tax capacity rates as shown below: Source: County Auditor's Reports. WIIM Tax Extension 1984/85 1985/86 1986/87 1987/88 1988/89 #270(Hopkins) $88.84 $ 95.56 $ 92.80 $100.99 85.73% #271(Bloomington) 97.05 97.92 94.84 110.86 92.44 #280(Richfield) 98.36 102.35 98.11 108.16 89.32 #272(Eden Prairie) 97.38 105.99 104.08 112.06 94.98 #283(St. Louis Park) 96.13 104.97 105.16 110.82 92.53 TAX COLLECTIONS Collections(2) First Year Collections to December, 1988 Amount Year of Net Levy(1) Amount % Amount 1988/89 $8,996,527(3) -------- - - - -In Process of Collection------ - - - - -- 1987/88 7,433,784 $7,328,114 98.580 $7,328,114 98.58% 1986/87 6,905,063 6,792,720 98.37 6,846,319 99.15 1985/86 6,389,119 6,317,603 98.88 6,400,574 100.18 1984/85 5,698,313 5,616,898 98.57 5,696,325 99.97 (1) Includes Homestead Property Tax Credit. (2) Amounts exclude penalties and interest on delinquent payments. (3) This figure represents original gross tax levy. Net tax levy was not available. Source: County Auditor's Reports. WIIM Indebtedness DEBT LIMITATION All Minnesota municipalities (counties, cities, towns and school districts) are subject to statutory "net debt" limitations under the provisions of Minnesota Statutes, Section 475.53. Net debt is defined as the amount remaining after deducting from gross debt the following: 1) Obligations payable wholly or partially from special assessments levied upon benefited property. 2) Warrants or orders having no definite maturity. 3) Obligations payable wholly from revenue producing conveniences. 4) Obligations issued to create or maintain a permanent improvement revolving fund. 5) Obligations issued for public conveniences from which revenue is or may be derived. 6) Obligations specifically excluded under the provisions of law authorizing their issuance. 7) Debt service funds for the payment of principal and interest on obliga- tions other than those described above. With some exceptions, no Minnesota city may incur net debt in excess of two percent (2 %) of its most recent market value. Amount Legal Debt Limit (2% x $3,078,443,610) $61,568,872 100% Attributable Debt - 0 - 0 Unused Debt Margin $61,568,872 100% DEBT RATIOS of Assessor's % of Tax Total Per Capita(1) Market Value Capacity General Obligation $56,010,000 $1,215.10 1.82% 61.57% Self- Supporting 8,830,000 191.56 .29 9.71 Indirect Debt 41,686,927 904.37 1.35 45.82 (1) Based on an estimated population of 46,095. - 27 - DIRECT DEBT - General Obligation - February 1, 1989 - By Issue Levy /Increment /Assessment Supported Issue Tax Inc.,Series, 1975 Tax Inc., Series 1981 Imp. Bonds, Series 1984 Tax Inc., Series 1985 Tax Inc., Series 1986B Tax Inc., Series 1986A Imp. Bonds, Series 1986 Taxable Tax Inc., Series 1988 Tax Inc., Series 1988 Taxable Tax Increment, Series 1989 Tax Inc., Series 1989 Imp. Bonds, Series 1989 Original Original Maturities Principal Amount Dated Rates Outstanding Outstanding Golf Revenues $1,200,000 $2,200,000 12/1/15 6.00 - 6.50% 12/88 -93 $ 1,100,000 4,500,000 10/1/81 9.85 - 11.0 10/88 -93 2,250,000 5,400,000 9/1/84 7.60 - 8.75 1/89 -94 2,100,000 12,000,000 9/1/85 6.50 - 9.00 1/89 -06 11,850,000 2,000,000 8/1/86 5.20 - 7.00 8/89 -03 1,950,000 4,000,000 8/1/86 5.20 - 7.00 8/89 -06 4,000,000 2,500,000 8/1/86 5.20 - 6.60 8/89 -96 2,000,000 5,100,000 10/1/88 9.20 - 9.75 2/95 -09 5,100,000 10,175,000 10/1/88 6.40 - 7.30 2/95 -09 10,175,000 5,300,000 4/1/89 This Issue 2/95 -09 5,300,000 8,425,000 4/1/89 This Issue 2/95 -09 8,425,000 1,760,000 4/1/89 This Issue 2/92 -01 1,760,000 $56,010,000 Self - Supporting ( l) - February 1, 1989 (1) Debt service payments for these issues are transferred immediately prior to due date from revenues of the system. a ". Original Maturities Principal Amount Dated Rates Outstanding Outstanding Golf Revenues $1,200,000 9/1/85 6.50 - 8.,70% 1/89 -00 $1,100,000 G.O. Utility Revenue 3,160,000 10/1/88 5.90 - 6.80 2/90 -99 3,160,000 Recreational Facility 2,470,000 10/1/88 6.10 - 7.30 1/92 -09 2,470,000 Recreational Facility 2,100,000 4/1/89 This Issue 1/92 -09 2,100,000 $8,830,000 (1) Debt service payments for these issues are transferred immediately prior to due date from revenues of the system. a ". DIRECT DEBT - General Obligation - February 1, 1989 - By Maturity 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Levy /Increment /Assessment These Issues Principal Interest Principal Interest $ 950,000 2,050,000 1,500,000 1,600,000 1,650,000 950,000 1,325,000 1,575,000 1,475,000 1,625,000 1,725,000 1,900,000 2,150,000 2,225,000 2,375,000 2,600,000 2,775,000 2,925,000 1,975,000 2,475,000 2,700,000 $40,525,000 $ 1,933,698.75 3,117,205.00 2,979,137.50 2,860,437.50 2,730,812.50 2,596,537.50 2,516,262.50 2,409,962.50 2,284,837.50 2,165,131.25 2,032,687.50 1,887,662.50 1,726,100.00 1,548,581.25 1,361,400.00 1,169,387.50 952,081.25 719,168.75 499,018.75 319,387.50 109,575.00 $37,919,072.50 Self - Supporting - February 1, 1989 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 $ 180,000 180,000 180,000 525,000 300,000 375,000 500,000 625,000 750,000 795,000 725,000 825,000 950,000 975,000 1,100,000 1,800,000 2,250,000 2,450,000 $15,485,000 $ 593,064.17 1,224,530.00 1,224,530.00 1,219,040.00 1,207,970.00 1,196,720.00 1,172,500.00 1,143,512.50 1,119,687.50 1,087,893.75 1,046,006.25 993,837.50 934,325.00 874,643.75 812,681.25 741,206.25 663,331.25 579,250.00 461,025.00 294,750.00 101,062.50 $18,691,566.67 Total Self- Supporting This Self - Debt Outstanding Supporting Issue Principal Interest Principal Interest $ 220,000 300,000 350,000 425,000 425,000 445,000 475,000 500,000 570,000 600,000 175,000 175,000 200,000 200,000 225,000 250,000 270,000 275,000 325,000 325,000 $6,730,000 $ 345,480.75 461,047.00 445,070.00 424,820.00 399,970.00 371,957.50 342,780.00 311,502.50 277,940.00 240,245.00 198,125.00 168,987.50 155,475.00 142,300.00 128,150.00 113,006.25 95,962.50 77,175.00 57,418.75 35,587.50 11,862.50 $4,804,862.75 $ 65,000 70,000 70,000 75,000 80,000 85,000 95,000 100,000 105,000 115,000 120,000 130,000 140,000 145,000 160,000 170,000 180,000 195,000 $2,100,000 - 29 - $ 182,781.25 146,225.00 144,242.50 140,090.00 135,715.00 131,110.00 126,090.00 120,705.00 114,717.50 108,135.00 101,112.50 93,465.00 85,210.00 76,365.00 66,745.00 56,520.00 45,500.00 33,537.50 20,805.00 7,117.50 $1,936,188.75 Total Principal $ 950,000 2,050,000 1,500,000 1,780,000 1,830,000 1,130,000 1,850,000 1,875,000 1,850,000 2,125,000 2,350,000 2,650,000 2,945,000 2,950,000 3,200,000 3,550,000 3,750,000 4,025,000 3,775,000 4,725,000 5,150,000 $56,010,000 Total Principal $ 220,000 300,000 415,000 495,000 495,000 520,000 555,000 585,000 665,000 700,000 280,000 290,000 320,000 330,000 365,000 395,000 430,000 445,000 505,000 520,000 $8,830,000 INDUSTRIAL DEVELOPMENT REVENUE DEBT Industrial Development Revenue Bonds (IDRB) are issued pursuant to Minnesota Statutes, Chapter 474 for the purpose of financing costs of acquiring,con- structing, reconstructing or extending various projects as contracted between the City and authorized persons or public or private corporations. The Bonds are special obligations of the City payable solely from project revenues pledged. The Bonds do not constitute an obligation upon any property of the City, except the project itself, nor do the Bonds constitute a debt of the City. INDIRECT DEBT - December 31, 1988 Taxable Gross Original G.O. Debt Issued Tax Capacity Issue Outstanding 5/1/82 Fairview Southdale Hospital Revenue Bonds $ 4,500,000 $ 4,000,000 8/1/85 Fairview Southdale Hospital Revenue Bonds 10,055,000 8,560,000 12/1/86 Multifamily Mortgage Revenue Bonds(Biltmore) 12,600,000 12,600,000 10/1/85 Housing Redevelopment Revenue Bonds - Technical Center) 784,797,312 Edina Park Plaza Project Series 1985 17,622,800 16,752,800 INDIRECT DEBT - December 31, 1988 FUTURE FINANCING - 90 days None of the overlapping entities anticipate the issuance of debt within the next 90 days. - 30 - Taxable Gross Net G.O. Debt 1988/89 Taxable Tax Capacity G.O. Debt Applicable Gross Tax Capacity in District % Outstanding to City Hennepin Co. $1,217,545,243 $ 90,975,081 7.5% $61,025,000 $4,576,875 ISD #273(Edina) 75,225,887 73,556,502 97.8 658,020 643,544 ISD #287 (Hennepin Technical Center) 784,797,312 90,975,081 11.6 3,586,877 416,078 Met Council 1,217,342,177 90,975,081 7.5 444,224,000 33,316,800 Met Transit 1,190,429,218 90,975,081 7.6 13,650,000 1,037,400 ISD #270(Hopkins) 95,561,842 6,480,296 6.8 6,300,000 428,400 ISD #271(Bloomington) 123,747,638 10,766 .1 6,550,000 6,550 ISD #272(Eden Prairie) 55,128,539 1,310,694 2.4 46,995,000 1,127,880 ISD #280(Richfield) 41,849,367 9,611,608 23.0 580,000 133,400 ISD #283(St.Louis Park) 50,387,544 5,215 .1 -- -- City Share $41,686,927 FUTURE FINANCING - 90 days None of the overlapping entities anticipate the issuance of debt within the next 90 days. - 30 - Economic & Demographic POPULATION AND AREA Total land area of the City is 16 square miles. City are given below. 1960 1970 U.S. U.S. Census Census City of Edina 28,501 44,046 Population figures for the Source: U.S. Bureau of the Census and State Demographer. 1980 1988 U.S. Metro Census Council 46,073 46,095 EMPLOYMENT Labor force and unemployment statistics for the City of Edina and the State of Minnesota are given below: ----------- - - - - -- Average Annual----------- - - - - -- November 1984 1985 1986 1987 1988 Labor Force: Edina 25,608 25,732 25,882 26,517 27,561 Unemployment Rate: Edina 3.1% 2.7% 2.6% 3.0% 2.7% State 6.3 6.0 5.3 5.4 4.5 Estimated nonagricultural covered(1) wage and salary employment for Hennepin County is given below: December 1987 Agriculture, Mining 2,510 .35% Manufacturing 124,116 17.41 Construction 26,977 3.78 Transportation, Communication & Utilities 42,393 5.95 Trade 188,268 26.41 Finance, Insurance & Real Estate 62,158 8.72 Services(2) 190,022 26.65 Government(3) 76,501 10.73 Total 712,945 100.00% (1) Covered employment includes only those subject to unemployment insurance coverage. (2) Includes private schools and colleges. (3) Includes city, county, state and federal offices and public schools and colleges. Source: Minnesota Department of Jobs and Training. - 31 - LARGER EMPLOYERS A listing of the larger employers located the area is given below: Employer Product /Service Fairview Southdale Hospital Hospital National Car Rental Vehicle rental /leasing Daytons Department Store B. Dalton Bookstore headquarters J.C. Penney Retailer Target Stores Retailer Carson Pirie Scott Department Store Sico, Inc. Space saving equipment ATT Communications First Bank Edina Southdale Office Banking Wausau Insurance Insurance *This number includes 800 physicians on staff. INCOME AND TRADE 1983 1984 1985 # of Employees 2,700* 1,700 1,200 700 400 390 330 250 236 110 175 1986 1987 Total EBI (000)(1): Hennepin County $12,012,153 $13,620,967 $14,675,648 $15,950,609 $17,760,732 Median Household EBI: Hennepin County $ 28,826 $ 32,060 $ 29,204 $ 30,127 $33,132 State 24,365 27,037 24,812 25,470 27;803 Percent of Households With EBIs in Excess of $20,000: Hennepin County 67.3% 71.4% 66.3% 67.2% 70.6% State 59.9 64.3 59.8 60.6 64.2 Total Retail Sales(000): Hennepin County $6,934,966 $7,612,528 $8,255,326 $8,689,408 $9,184,604 Retail Sales Per Household: Hennepin County $ 18,552 $ 19,975 $ 21,205 $ 21,292 $22,346 State 14,689 16,415 17,579 17,683 18,153 (1) Effective Buying Income (EBI). Source: Sales and Marketing Management, "Survey of Buying Power." - 32 - BUILDING PERMITS - City of Edina Source: City Building Permit Records. MEDICAL Medical facilities and services are available to area residents at Fairview Southdale Hospital located in Edina. The Hospital has a 390 bed capacity and employs 1,750 full and part -time employees and has a medical staff of 800 doctors. Area residents also have access to many other hospitals and nursing homes located in Minneapolis /St. Paul and the surrounding suburbs. EDUCATION Independent School District No. 273 serves the City of Edina and encompasses 11.6 square miles. The District operates 4 elementary schools, 3 junior - senior high schools, and the Edina Community Center. The insured value of all buildings and contents is $84,307,871. The K -12 personnel of the District consist of the following categories measured in full -time equivalencies: teachers - 319, administrators - 29, clerical - 66, others - 151, and part -time employees with a total of 147. Teachers and principals have contracts in effect through 6- 30 -89, custodial, secretarial and food service employees are contracted through 6- 30 -90. Current and prior year enrollment figures are given below: K - 390 7 - New 1987/88 - 5,501 1 - 410 8 - 406 1986/87 - 5,687 Residential Commercial/ - 421 1985/86 - 5,750 3 - 393 Year Single /Multi Family Industrial 4 - 409 Other - 464 Total - 5,926 No. Value No. Value No. Value No. Value 1988 49 $16,657,937 3 $3,165,000 795 $28,116,704 847 $47,939,641 1987 66 30,349,482 3 4,967,000 891 22,378,014 960 57,694,496 1986 98 39,611,300 5 18,034,760 792 14,939,332 895 72,585,392 1985 72 36,058,313 5 6,645,080 731 21,591,182 808 64,294,575 1984 54 14,979,650 3 1,290,500 834 15,019,287 891 31,289,437 1983 77 19,920,342 4 9,250,500 793 14,258,871 874 43,429,713 Source: City Building Permit Records. MEDICAL Medical facilities and services are available to area residents at Fairview Southdale Hospital located in Edina. The Hospital has a 390 bed capacity and employs 1,750 full and part -time employees and has a medical staff of 800 doctors. Area residents also have access to many other hospitals and nursing homes located in Minneapolis /St. Paul and the surrounding suburbs. EDUCATION Independent School District No. 273 serves the City of Edina and encompasses 11.6 square miles. The District operates 4 elementary schools, 3 junior - senior high schools, and the Edina Community Center. The insured value of all buildings and contents is $84,307,871. The K -12 personnel of the District consist of the following categories measured in full -time equivalencies: teachers - 319, administrators - 29, clerical - 66, others - 151, and part -time employees with a total of 147. Teachers and principals have contracts in effect through 6- 30 -89, custodial, secretarial and food service employees are contracted through 6- 30 -90. Current and prior year enrollment figures are given below: K - 390 7 - 324 1987/88 - 5,501 1 - 410 8 - 406 1986/87 - 5,687 2 - 404 9 - 421 1985/86 - 5,750 3 - 393 10 - 409 1984/85 - 5,832 4 - 409 11 - 464 1983/84 - 5,926 5 - 372 12 - 548 6 - 410 Special - 12 Total - 5,372 Portions of the City are also served by the following school districts: #270 (Hopkins), #271 (Bloomington), #280 (Richfield), #272 (Eden Prairie), and #283 (St. Louis Park). - 33 - BANKING Banking and financial services are available to area residents at many full service banks, a number of savings, loan & credit union institutions. Three major banks serving the area (First Banks, Marquette Bank, and Norwest Bank) do not provide a breakdown of deposits for their branch banks. Year ending bank deposits are listed below for only two of the banks in Edina. Institution Fidelity Bank Americana Bank Edina Prior Years: 12 -31 -87 12 -31 -86 12 -31 -85 12 -31 -84 12 -31 -83 Deposits as of 12 -31 -88 $ 65,115,000 42,000,000 $107,115,000 $94,030,000 92,816,141 82,098,871 78,015,485 65,731,284 Source: Commercial West "Bank Directory of the Upper Midwest" and the individual banks. - 34 - (This page left blank intentionally.) Appendix A Financial Statement kWOPeat Marwick Certified Public Accountants Peat Marwick Main dr Co. 1700 IDS Center Minneapolis, MN 55402 Honorable Mayor and Members of the City Council City of Edina, Minnesota: We have examined the combined financial statements of the City of Edina, Minnesota as of and for the year ended December 31, 1987, as listed in the accompanying table of contents. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the aforementioned combined financial statements present fairly the financial position of the City of Edina, Minnesota, at Decem- ber 31, 1987, and the results of its operations and the changes in financial position of its proprietary fund types for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year after giving retroactive effect to the change, with which we concur, in accounting for special assessments as described in note 9 to the financial statements. Our examination was made for the purpose of forming an opinion on the combined financial statements taken as a whole. The combining, individual fund, and account group financial statements and schedules listed in the accompanying table of contents are presented for purposes of additional analysis. They are not a required part of the combined financial statements of the City of Edina, Minnesota and, accordingly, our opinion does not relate to the fairness of presentation of the financial position and results of the operation of such funds, or the changes in financial position of individual proprietary funds. This information has been subjected to the auditing procedures applied in the examination of the combined financial statements and, in our opinion, is fairly stated in all material respects in relation to the combined financial statements taken as a whole. The data designated as the "statistical section" in the accompanying table of contents have not been examined by us and, accordingly, we express no opinion on such data. - 1 June 10, 1988 Member Firm of 35 KlynMeld Peat Marwick Goerdeler W Cl1 Cllr OF RDINA, MINNESOTA Combined Balance Sheet - All Fund Types and Account groups December 31, 1987 (with comparative totals for December 31, 1986) Cash (deficit) (notes 1 and 2) Investments (notes 1 and 2) Receivablest Accounts Special assessments Notes (notes 6 and 7) Due from other funds (note 12) Due from other governments Contracts receivable (note 7) Inventory (note 1) Prepaid expense Fixed assets (net of accumulated depreciation) (note 4) Amount available in debt service funds Amount to be provided for retirement of long -term debt Total assets Liabilities and Fund Equity Liabilities: Accounts payable Contracts payable Due to other funds (note 12) Due to other governments Deposits payable Accrued compensated absences (notes 1 and 5) Deferred revenue (note 6) Bonds payable (note 5) Total liabilities Fund equity: Investment in general fixed assets Contributed capital Retained earningst Reserved (note 13) Unreserved - undesignated Fund balancet Reserved (note 13) Unreserved - designated (note 13) Unreserved - undesignated Total fund equity Total liabilities and fund equity Governmental fund tunas Special General Revenue Debt Service Capital Preiects i 770,914 - 1,017,238 (1,618,481) 5,180,645 - - 5,244,480 102,558 - - 136,285 - - 2,274,600 741,886 284,347 - 2,756,011 2,621,458 522,387 - - _ 19,522 - - - 7,500 - - - 155,164 - - - R 7.043.037 - 6.047.849 7.125.628 347,203 - 9,236 303,903 2,633,642 - 15,281 3,011,357 - - 29,036 - 12,111 - - 36,465 2,271,705 733,813 2.992 956 2.39.259 4.085.538 459,437 - 3,722,591 - 2,194,147 - - 2,346,481 1. 396,497 693.609 4.050.081 2-122-M 3.040.090 Proprietary Account oronns fund tune General General Totals Rnterprise Fixed Long -term Assets Debt (memorandum 1987 only) 1986 109,480 - - 279,151 304,776 - - - 10,425,125 18,890,550 904,380 - - 1,143,223 919,104 1,511 - - 3,017,997 4,053,272 281,684 - - 281,684 31,929 245,000 - - 5,906,816 15,401,406 - - - 522,387 375,710 - - 19,522 15,285 646,290 - - 653,790 671,562 400 - - 155,564 541,546 18,215,395 35,591,779 - 53,807,174 46,454,929 - - - 3,722,591 - 24.011.600 35.591.779 27.734.191 3,752,591 23.981.600 +03.946.624 3,812,536 25.594.668 20.404.140 117.067.279 319,143 - - 979,485 1,727,193 - - 89,774 246,536 - - 5,906,816 15,401,408 - - - 29,036 89,172 5,225 - - 53,801 160,261 - 484,191 484,191 457,204 255,077 1.150.000 - - _ 27.250.000 - 27.734.191 3,260,595 28.400.000 4,353,087 30.185.000 1.975.981 391113.924 52.463.099 - 35,591,779 - 35,591,779 28,178,976 296,836 - - 296,836 - 145,445 - - 145,445 145,445 17,985,878 - - 17,985,878 18,122,577 4,182,028 4,490,625 4,540,628 12,755,483 2.090.106 911.070 4.832.700 64.604.176 S 7.043.037 - 6.047.649 7.125.628 20.404.140 35.591.779 27.734.191 103.946.624 117.067.275 See accompanying notes to financial statements. CITY OF EDINA, MINNESOTA Combined Statement of Revenues, Ezpenditures and Changes in Fund Balance - All Governmental Fund Types Year ended December 31, 1987 (with comparative totals for year ended December 31, 1986) See accompanying notes to financial statoments. Governmental fund types Totals General Special Debt Revenue Service Capital _Projects (memorandum 1987 only) 1986 Revenues: Tazes (note 3) i 6,890,876 - - 1,595,564 8,486,440 7,850,460 Special assessments - - 1,377,455 410,507 1,787,962 1,251,456 Licenses and permits 710,282 - - - 710,282 695,898 Intergovernmental 2,039,753 3,367 - 966,622 3,009,742 3,176,762 Charges for services 652,389 - - - 652,389 772,920 Fines and forfeitures 515,172 - - - 515,172 401,203 Interest on investments 203,412 6,395 9,869 565,552 785,228 1,319,021 Sales and rental of property 52,495 - - 100,000 152,495 135,871 Miscellaneous 117.530 - 50.227 14.352 182.109 58.865 Total revenues 11.181.909 9.762 1.437.551 3.652.597 16.281.819 15.662.456 Expenditures: Current: General government 1,425,939 - - - 1,425,939 1,383,353 Public safety 4,762,906 - - - 4,762,906 4,520,851 W V Public works 2,209,872 - - - 2,209,872 2,444,260 Parks 1,369,848 - - - 1,369,848 1,068,170 Unallocated general 340,300 - - - 340,300 350,475 Other 50,839 - 500 817,308 868,647 825,817 Capital outlay: General government 26,737 - - - 26,737 - Public safety 322,132 - - - 322,132 448,496 Public works 271,756 - - - 271,756 235,423 Parks 62,766 - - 8,809,536 8,872,302 8,760,031 Debt service: Bond principal - - 1,700,000 - 1,700,000 1,650,000 Interest and fiscal charges - - 2.299,429 - 2.299,429 1.921.172 Total ezpenditures 10.843,095 - 3.999.929 9.626.844 24.469.868 23.608.048 Ezcess (deficiency) of revenues over ezpenditures 338.814 9.762 (j.562.378) (5.974.247) (8.188.049) (7,945.592) Other financing sources (uses): Proceeds from issuance of bonds - - - - - 8,424,295 Operating transfers in 568,735 - 2,472,433 459,011 3,500,179 4,073,711 Operating transfers out (459,011) (168,735) - (2,472,433) (3,100,179) (2,376,699) Parkland dedication 92,205 - - - 92,205 143,451 Parkland dedication for Edina BRA 351.428 - - - 351,428 148,279 Total other financing sources (uses) 553,357 (168,735) 2.472,433 (2.013.422) 843.633 10.413.037 Ezcess of revenues and other financing sources over (under) ezpenditures and other uses 892,171 (158,973) (89,945) (7,987,669) (7,344,416) 2,467,445 Fund balance - January 1 3.157.910 158.973 3,812.536 11.027.759 18.157.178 15.689.733 Fund balance - December 31 S 4. 050,081 - 3.722.591 3.040.090 10.812.762 18.157.178 See accompanying notes to financial statoments. CITY OF EDINA, MINNESOTA Combined Statement of Revenues, Expenses and Changes in Retained Earnings - All Proprietary Fund Types Year ended December 31, 1987 (with comparative totals for year ended December 31, 1986) Sales and cost of sales: Sales 2,187,999 $ 5,103,281 5,059,174 Cost of sales 4,122,532 4,072,194 903,971 Gross profit 980,749 986,980 Operating revenues: 445,260 Depreciation Charges for services 5,712,503 4,456,324 5,889,964 Total gross profit and (51,132) (446,660) Miscellaneous operating revenues 6,693,252 5,443,304 Operating expenses: Disposal charges 2,187,999 1,972,985 Personal services 1,708,399 1,571,282 Contractual services 1,084,935 903,971 Commodities 561,352 416,341 Central services 578,410 445,260 Depreciation 623,289 580,125 Interest and fiscal charges _6,744,384 5,889,964 Operating loss (51,132) (446,660) Nonoperating revenues (expenses): Interest on investments 93,087 54,164 Discounts 65,910 52,049 Current value credit - MWCC 61,020 61,021 Rental income 7,960 7,965 Federal aid 51,816 - Donations 12,592 30,143 Interest and fiscal charges (97,690) (99,512) Subsidy from general fund 98,047 89,522 Miscellaneous 10,046 14,977 Total nonoperating revenues 302,788 210,329 Income (loss) before operating transfers and contributions 251,656 (236,331) Add depreciation on contributed assets 11,645 - Operating transfers out (400,000) (450,000) Property and equipment contributed by special assessments - 363,906 (388,355) (86,094) Net loss (136,699) (322,425) Retained earnings - January 1 18,268,022 18,590,447 Retained earnings - December 31 $ 18,131.323 16.268.022 See accompanying notes to financial statementri- 38 CITY OF EDINA, MINNESOTA Notes to Financial Statements December 31, 1967 (1) Summarl Summa of Significant Accounting Policies The City operates under the "Optional Plan B" form of government according to applicable State of Minnesota Statutes. The Statutes prescribe a Council- Manager form of organization. The City provides the following services: public safety, highways and streets, sanita- tion, health and social services, culture- recreation, public improve- ments, planning and zoning, and general administration. The accounting policies of the City conform to generally accepted accounting principles as applicable to governments. The following is a summary of the more significant policies: A. Financial Reporting Entity The City has implemented National Council on Governmental Accounting Statement No. 3, Defining the Governmental Report- ing Entity as adopted by the Governmental Accounting Standards Board Statement No. 1. In accordance with Statement No. 1, for financial reporting purposes the City's financial statements include all funds, account groups, boards and commissions over which the City Council exercises oversight responsibility. Oversight responsibility includes appointment of governing bodies, budget authority, approval of tax levies, and respon- sibility for funding deficits. The City, for financial reporting purposes, includes all funds and account groups, including those of the Park and Recreation Board and the Housing and Redevelopment Authority of Edina that are controlled by or dependent on the City's executive or legisla- tive branches. Control by or dependence on the City was deter- mined on the basis of budget adoption, taxing authority, outstanding debt secured by revenues or general obligations of the City or the City's obligation to fund any deficits that may occur. CITY OF EDINA, MINNESOTA B. Fund Accounting The accounts of the City are organized on the basis of funds and account groups, each of which is considered a separate account- ing entity. The operations of each fund are accounted for with a separate set of self - balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expendi- tures, or expenses, as appropriate. Government resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. The various funds are grouped, in the financial statements in this report, into five generic fund types and two broad fund categories as follows: General Fund - The General Fund is the primary operating fund of the City. It is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specified pur- poses. Debt Service Funds - Debt Service Funds are used to account for the accumulation of resources for, and the payment of, general long -term debt principal, interest, and related costs. Capital Projects Funds - Capital Projects Funds are used to account for the financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by Proprietary Funds). (Continued) (Continued) CITY OF EDINA, MINNESOTA Enterprise Funds - Enterprise Funds are used to account for operations (a) that are financed and operated in a manner similar to private business enterprises - where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered pri- marily through user charges; or (b) where the governing body has decided that periodic determination of revenues earned, expenses incurred, and /or net income is appropriate for capital maintenance, public policy, management control, accountability or other purposes. C. Measurement Focus The accounting and reporting treatment applied to the fixed assets and long -term liabilities associated with a fund are determined by its measurement focus. All governmental funds are accounted for on a spending or "financial flow" measure- ment focus. This means that only current assets and current -Pb liabilities are generally included on their balance sheets. CD Their reported fund balance is considered a measure of "avail- able spendable resources ". Governmental fund operating state- ments present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a sum- mary of sources and uses of "available spendable resources" during a period. Fized assets used in governmental fund types operations (general fized assets) are accounted for in the General Fixed Assets Account Group, rather than in governmental funds. Public domain (infrastructure) general fized assets consisting of certain improvements other than buildings, including roads, bridges, curbs and gutters, streets and sidewalks, drainage systems, and lighting systems, are not capitalised along with other general fixed assets. No depreciation has been provided on general fized assets. All fixed assets are valued at historical cost or estimated historical cost if actual cost is not available. Donated fixed assets are valued at their estimated fair value on the date donated. Long -term liabilities expected to be financed from governmental funds are accounted for in the General Long -term Debt Account Group, not in the governmental funds. The exception to this general rule are for revenue bonds, which are accounted for in Enterprise Funds. CITY OF EDINA, MINNESOTA The two account groups are not "funds." They are concerned only with the measurement of financial position. They are not involved with measurement of results of operations. Because of their spending measurement focus, expenditure recogni- tion for governmental fund types is limited to exclude amounts represented by noncurrent liabilities. Since they do not affect net current assets, such long -term amounts are not recognized as governmental fund type expenditures or fund liabilities. They are instead reported as liabilities in the General Long -term Debt Account Group. All proprietary funds are accounted for on a cost of services or "capital maintenance" measurement focus. This means that all assets and all liabilities associated with their activity are included on their balance sheets. Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings components. The operating statements of the funds present increases (revenues) and decreases (expenses) in net total assets. Depreciation of exhaustible fixed assets used by proprietary funds is charged as an expense against their operations. Accumulated depreciation is reported on proprietary fund balance sheets. Depreciation has been provided over the estimated useful lives using the straight -line method. The estimated useful lives (years) are as follows: Buildings 20 -30 years Equipment and machinery 5 -10 years Distribution systems, sewer mains and lift stations 50 years The City follows the practice of including, as part of property, plant and equipment of these funds, the costs of distribution systems, sewer mains and lift stations which are paid for by assessments against benefited property. D. Basis of Accounting Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the tim- ing of the measurements made, regardless of the measurement focus applied. The governmental fund types are accounted for using the modified accrual basis of accounting. Their revenues are recognized when they become measurable and available as not current assets. (Continued) (Continued) CITY OF EDINA, MINNESOTA Expenditures are generally recognised under the modified accrual basis of accounting when the related fund liability is incurred. Exceptions to this general rule include: (1) accu- mulated unpaid vacation, sick pay, and other employee amounts which are not accrued; and (2) principal and interest on long- term debt which is recognised when due. Unpaid vacation pay as of year end is reported in the long -term debt account group. The proprietary fund types are accounted for using the accrual basis of accounting. Their revenues are recognized when earned and their expenses are recognized when incurred. Unbilled utility service receivables are recorded at year end. During the course of normal operations, the City has numerous transactions between funds including expenditures and trans- fers of resources to provide services, construct assets and service debt. The governmental and proprietary funds' finan- cial statements generally reflect such transactions as trans- fers. Nonrecurring or nonroutine transfers of equity between funds are recorded as equity transfers and, accordingly, are reported as additions or deductions from fund balances of gov- ernmental fund types. E. Budgets and Budgetary Accounting The City follows these procedures in establishing the budgetary data reflected in the financial statementas 1. The City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the fol- lowing January 1. The operating budget includes proposed expenditures and the means of financing them. 2. Public hearings are conducted to obtain taxpayer comments. 3. The budget is legally enacted by the passage of a resolu- tion by the City Council. 4. Formal budgetary integration is employed as a management control device during the year for the General and Spe- cial Revenue funds. 5. Budgets for the General and Special Revenue funds are adopted on a basis consistent with generally accepted accounting principles (GAAP). (Continued) CITY OF EDINA, MINNESOTA 6. The City Council may authorise transfer of budgeted amounts between departments. 7. Reported budget amounts are as originally adopted or as amended by Council- approved supplemental appropriations and budget transfers. 8. Expenditures may not legally exceed appropriations by department unless offset by increases in revenues. All unencumbered appropriations lapse at year end. F. Cash and Investments Cash surpluses are invested in certificates of deposit and short -term government securities. Investment earnings are allocated to funds on the basis of individual participation. Investments are stated at cost, which approximates market, and are identified with specific funds. G. Inventory Inventory is stated at the lower of cost (first -in, first -out) or market. H. Accumulated Unpaid Vacation and Sick Pav Accrued vacation pay is recorded in the long -term debt account group. Sick pay is not recorded as a liability. City employ- ees are entitled to vacation and sick pay based on length of employment and the payment thereof is treated as an expendi- ture in the period paid. The amount of accrued leave at December 31, 1987 for vacation and sick pay was $484,191 and $1,849,881, respectively, although it is anticipated that only a percentage of the accrued sick pay will be used. I. Total Columns on Combined Statements Total columns on the combined statements are captioned memoran- dum only to indicate that they are presented only to facili- tate financial analysis. Data in these columns do not present financial position, results of operations, or changes in finan- cial position in conformity with generally accepted accounting principles. Neither is such data comparable to a consolida- tion. Interfund eliminations have not been made in the aggre- gation of this data. (Continued) (2 ) Caah nd InvestMeats N CITY OF EDINA, MINNESOTA (3) Property Tax Wh One certificate of deposit, the checking accounts, change funds and petty cash are included as cash on the balance sheet. Certificate of deposit Checking accountss Insured FDIC Uninsured, collateral held by bank in City's mass Change funds Petty cash and uninsured collateral held by bank in Edina ERA's name Total cash Carrying Bank amount bola= S 132,195 132,195 83,952 200,000 - 67,166 7,545 - 55.459 55.559 = 279.151 454.920 The City's investments are stated at coat: Commercial paper is stated at amortised costs. The City's investments are categorised in the following manners Cateao=y 1 - Includes investments that are insured or registered for which the securities are held by the City or its agent in the City's name. Cateaoro 2 - Includes uninsured and unregistered investments for which the securities are held by the broker's or dealer's trust department or agent in the City's name. Insured certificates of deposit Commercial paperf Uninsured, unregistered and held by Dais Bosworth in City's name Government securities held in City's names United States Treasury Notes United States Treasury Bond Federal National Mortgage Association Goverment National Mortgage Association Federal Some Loan Bank Government Strips Money Markets Total investments Carrying Market amount value Cateaory i 495,000 495,000 1 3,275,174 3,356,515 2 1,483,859 1,460,507 2 101,875 95,125 2 2,841,406 2,771,540 2 294,448 262,299 2 1,423,500 1,471,975 2 364,594 368,119 2 145,269 145.269 2 S 10.425.125 10.426.349 (Continued) CITY OF EDINA, MINNESOTA The City Council annually adopts a tax levy and certifies it to the County for collection in October of each year. The County is respon- sible for billing and collecting all property taxes for itself, the City, the local School District and other taxing authorities. Such taxes become a lien on January 1 and are recorded as receivables by the City at that date. Real property taxes are payable (by property owners) on May 15 and October 15 of each calendar year. These taxes are collected by the County and remitted to the City on or before July 5 and December 4 of the same year. Additionally, delinquent collections (November and December) are remitted to the City each January. The City has no ability to enforce payment of property taxes by property owners. The County possesses this authority. The City recognizes property tax revenue when it becomes both measurable and available to finance expenditures of the current period. In prac- tice, current and delinquent taxes received by the City in July and December are recognized as revenue for the current year. Taxes col- lected by the County by December 31 (remitted to the City the follow- ing January) and taxes and credits not received at the normal time are classified as delinquent and unremitted taxes receivable. The delin- quent receivables are fully offset by an allowance for uncollectible taxes because they are not available to finance current expenditures. (Continued) CITY OF EDINA, MINNESOTA (4) Changes in General Fixed Assets A summary of changes in general fixed assets during 1987 followss Balance Balance January 1 Additions peletions December 31 Land S 2,281,017 - - 2,281,017 Land improvements 1,769,287 56,461 - 1,825,748 Buildings 1,869,340 - - 1,869,340 Furniture and fixtures Vehicles Miscellaneous equipment Park equipment Highway equipment Police equipment wFire equipment Election equipment Engineering equipment Traffic signals equipment Tools Parks Construction in progress Land and public improvements - Edina HRA Total 370,456 26,354 - 396,810 321,740 31,712 48,224 305,228 175,621 2,300 - 177,921 391,550 62,766 10,849 443,467 1,897,207 271,472 36,254 2,132,425 591,951 173,020 16,826 748,145 1,086,909 152,541 - 1,239,450 131,320 - - 131,320 CITY OF EDINA, MINNESOTA A summary of proprietary fund property_ and equipment at December 31, 1987 follows: Property and equipment Enterprise fund Land S 285,341 Golf course 889,672 Land improvements 157,260 Water distribution system 9,223,309 Sewer collection system 10,760,089 Major recreation facilities 3,588,214 Major water facilities 2,569,639 Buildings - liquor stores 729,769 Furniture, fixtures and equipment 1,383,775 Vehicles 160,552 Construction in progress 31.689 4.113 - 29,779,309 Less accumulated depreciation 11.563.914 Net book value $ 18.215.305 73,681 19,555 5,146 88,090 (5) Long -term Debt 91,706 - - 91,706 5,812 - - 5,812 Bonded Debt 3,418,561 4,113 - 3,422,674 The City has three types of bonded debt outstanding at December 31, 4.113 - 4.113 - 1987: tax increment bonds, improvement bonds and revenue bonds. 14,480,271 800,294 121,412 15,159,153 The first type of bond is payable solely from tax increment monies with any deficiency to be provided for by general property taxes. The second and third types are payable primarily from special assessments and enterprise revenue, respectively, with any deficiency to be 13.698.705 7,042.402 308.481 20,432.626 provided for by general property taxes. S 28.178.976 7.842.696 429.893 35.591.779 The bonded debt outstanding is summarised as follows: (Continued) Balance Maturities December 31, Interest rates 1987 Tax Increment Bonds 1988 -2006 5.20 - 11.00% S 22,000,000 Improvement Bonds 1988 -1996 4.50 -8.75 5,250,000 Revenue Bonds 1989 -2000 3.50 -8.70 1,150,000 Total S 28.400.000 (Continued) .A CITY OF EDINA, MINNESOTA Changes in long -term debt during the year were as follows: Golf Course Bonds, Series 1985 $ 1.150.000 This general obligation revenue bond issue is payable from the Golf Course enterprise fund with any deficiency to be provided first from Liquor Fund revenue and then from general property tazes. The annual requirements to amortise all debt outstanding as of Decem- ber 31, 1987, including interest payments of $21,472,065 are as follows: Year ending December 31 Balance Improvement Balance Total January 1, 1987 Increases Decreasea December 31, 1987 Taz increment Bonds S 22,650,000 - 650,000 22,000,000 Improvement Bonds 6,300,000 - 1,050,000 5,250,000 Revenue Bonds 1,235,000 - 85,000 11150,000 Compensated absences 457.204 26,987 - 484.191 3,400,475 $ 30.642.204 26.987 1.785.000 28.884.191 The City has the following revenue bonds outstanding at December 31, 1987: 1.812.275 1.302.000 32.273.100 Golf Course Bonds, Series 1985 $ 1.150.000 This general obligation revenue bond issue is payable from the Golf Course enterprise fund with any deficiency to be provided first from Liquor Fund revenue and then from general property tazes. The annual requirements to amortise all debt outstanding as of Decem- ber 31, 1987, including interest payments of $21,472,065 are as follows: Year ending December 31 Tax: Increment Improvement Revenue Total 1988• $ 1,932,618 500,925 46,063 2,479,606 1989 2,634,405 1,475,150 140,500 4,250,055 1990 2,550,967 1,392,400 137,187 4,090,554 1991 2,535,700 731,050 133,725 3,400,475 1992 2,556,000 692,150 130,125 3,378,275 1993 -2006 29.158.825 1.812.275 1.302.000 32.273.100 $ 41.378.515 6.603.950 1.889.600 49.872.065 The City is in compliance with all significant bond covenants. *Principal and interest due January 1, 1988 was paid in December 1987. (Continued) CITY OF EDINA, MINNESOTA Long -term Debt - Other The City is the administering authority for the following tax increment finance districts: 50th and France - No. 1200, a redevelopment district established in 1974 pursuant to Minnesota Statutes 462.545 and 462.585 with a duration of 35 years. Original assessed value S 3,216,104 Current assessed value 9,176,990 Captured assessed value: Retained by authority 51960,886 Shared with other tazing districts None General obligation redevelopment bonds issued 2,200,000 Total loans incurred None Amounts redeemed 900.000 Outstanding bonds and loans at December 31, 1987 $ 1.300.000 Southeast Edina Redevelopment District - No. 1201, a redevelopment district established in 1977 pursuant to Minnesota Statutes 462.545 and 462.585 with a duration of 32 years. Original assessed value $ 2,788,292 Current assessed value 18,344,823 Captured assessed value: Retained by authority 15,556,531 Shared with other tazing districts None General obligation tax increment bonds issued 20,500,000 Total loans incurred None Amounts redeemed 1.800.000 Outstanding bonds and loans at December 31, 1987 $ 18.700.000 (Continued) CITY OF EDINA, MINNESOTA CITY OF EDINA, MINNESOTA (8) Retirement Plan Grandview Area Redevelopment District - No. 1202, a redevelopment A. Defined Benefit Pension Plans Statewide district established in 1984 pursuant to Minnesota Statutes 462.545 and 462.585 with a duration of 25 years. 1. Plan Description Original assessed value S 4,404,120 Current assessed value 6,030,184 Captured assessed value: Retained by authority 1,626,064 Shared with other taxing districts None General obligation redevelopment bonds issued 2,000,000 Total loans incurred None Amounts redeemed None Outstanding bonds and loans at December 31, 1987 $ 2.000.000 (6) Metropolitan Waste Control Commission The receivable and corresponding deferred revenue of the enterprise funds from the Metropolitan Waste Control Commission (the Commission) in the amount of $255,077, represents the City's share of equity in the City's system which was acquired by the Commission January 1, 1971. This receivable will be paid to the City by issuing credits annually through 1999 against future sewer billings from the Commission. These credits are reflected in the statement of income as received. Under the terms of an agreement with the Commission, the City will be repaid the reserve capacity charges advanced to the Commission. These advances will be repaid in annual installments including interest through 1988 and will be reflected as income when received. (7) Notes and Contracts Receivable The City has sold real estate for notes and contracts receivable, the balances of which were $26,607 in the Liquor Fund and $19,522 in the General Fund at December 31, 1987. Maturity dates range from 1987 to 1992 with interest rates from 7 to 12 percent. (Continued) All full -time and certain part -time employees of the City are covered by defined benefit pension plans administered by the Public Employees Retirement Association of Minnesota (PERA). The PERA administers the Public Employees Retirement Fund and the Public Employees Police and Fire Fund which are cost - sharing multiple - employer public employee retirement systems. The payroll for employees covered by PERA plans for the year ended December 31, 1987 was $7,337,789; the City's total payroll was $7,900,782. All full -time employees and certain part -time employees are eligible to participate in the PERA plans. Public Employees Retirement Fund members belong to either the Coordinated Fund or the Basic Fund. Coordinated members are covered by Social Security and Basic members are not. All police officers, fire fighters and peace officers who qualify for membership by statute are covered by the Police and Fire Fund. The PERA plans provide pension benefits, deferred annuity, and death and disability benefits. Benefits are established by State Statute. Retirement benefits for members of the Basic and Coordinated Funds are as follows: (a) When age plus years of service equal 90, the full unreduced normal annuity is payable. (b) As early as age 55 with at least five years of paid service credit; annuity reduced 1/4 percent for each month under age 65. (c) Any age with at least 30 years, reduced by 1/4 percent for each month under age 62. (d) Age 65 or older with at least one but less than five years of paid service credit (proportionate annuity). Must terminate service at age 65 or older. (e) Age 55 with at least five years of paid service credit or any age with at least 30 years representing PERA service combined with other fund coverage. (Continued) CITY OF EDINA, MINNESOTA Retirement benefits for members of the Police and Fire Funds are as follows$ (a) When age plus years of service equal 90, the full unreduced normal annuity is payable. (b) Age 55 or older with at least five years' service credit. (c) Age 55 or older with at least five years paid service credit representing PER& service combined with other fund coverage. (d) Age 65 or older with at least one year of paid service credit (proportionate annuity). Must terminate service at age 65 or older. A member who terminates public service with five or more years of credited allowable service may leave his or her amount in the fund to qualify for an annuity at retirement age. The annuity as determined under the formula will be increased from p the first of the month following date of termination at prescribed interest rates. The former member may accept a refund at any time prior to the date retirement annuity begins. The funds also provide various death and disability benefits, whereby the disabled employee or surviving spouse is entitled to receive amounts determined as defined by the funds. 2. Contributions Required and Made Covered employees are required by State Statute to contribute fixed percentages of their gross earnings to the pension plans. The City makes annual contributions to the pension plans equal to the amount required by State Statutes. Current contribution rates for the plans are as follows: Additional Emoloyee Employer employer Public Employees Retirement Fund: Basic Fund 8% 8% 2 -1/2% Coordinated Fund 4 4 1/4 Police and Fire Fund 8 12 - Total contributions made during fiscal year 1987 amounted to $971,171, of which $552,089 was made by the City and $419,082 was made by employees. These contributions represented .075 percent (City) and .057 percent (employees) of the covered payroll. (Continued) CITY OF EDINA, MINNESOTA 3. Funding Status and Progress The "pension benefit obligation" is a standardised disclosure measure of the present value of pension benefits, adjusted for the effects of projected salary increases and step -rate benefits, estimated to be payable in the future as a result of employee service to date. The measure, which is the actuarial present value of credited projected benefits, is intended to help users assess the PERA's funding status on a going - concern basis, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among Public Employees Retirement Systems and employers. The PERA does not make separate measurements of assets and pension benefit obligation for individual employers. The pension benefit obligations of the PERA as of June 30, 1987 were as follows: Public Public Employees Employees Retirement Police and Fund Fire Fund (in millions) Total pension benefit obligations E 2,839 437 Net assets available for benefits, at market 2.382 ggg Unfunded pension benefit obligation = 457 LIZ) The actuarial calculations of annual contributions include amounts that would be required to achieve full (100 percent) funding by the year 2009. The measurement of the pension benefit obligation is based on an actuarial valuation as of June 30, 1987. Net assets available to pay pension benefits were valued as of June 30, 1987. The City's contribution for the year ended June 30, 1987 to PERA plans represented .93 percent of total contributions required of all participating entities. Ten -year historical trend information is presented in PERA's State PERS Comprehensive Annual Financial Report for the year ended June 30, 1987. This information is useful in assessing the pension plan's accumulation of sufficient assets to pay pension benefits as they become due. (Continued) 4. CITY OF EDINA, MINNESOTA During 1987 and as of June 30, 1987 PERA held no securities issued by the City or other related parties. B. Federal Insurance Contribution Act (Social Security) - approximately 60% of the permanent City employees are covered by Social Security. The 1987 contribution rate was 7.15% on $43,800 in wages, and the 1986 contribution rate was 7.15% on $42,000 in wages. The cost of Social Security in 1987 and 1986 was $285,922 and $272,680, respectively. In 1986 the Federal Insurance Contri- bution Act was expanded to new part -time employees, police and fire employees for medical coverage. The contribution rate was 1.45% and the cost of Medicare in 1987 and 1986 was $8,190 and $4,601, respectively. (9) The City has implemented the provisions of Statement No. 6 of the Gov- ernmental Accounting Standards Board, "Accounting and Financial Reporting for Special Assessments." In the past, special assessments V (improvement) projects and related debt were accounted for in special assessment funds in a separate fund type. Statement No. 6 provides that such projects are to be accounted for in capital projects funds, and the general obligation debt is to be accounted for in the general long -term debt account group and related debt service funds. The change in accounting for special assessments has been applied retro- actively in the accompanying financial statements. The effect of the change was to eliminate the special assessment fund, increase (de- crease) the January 1, 1986 fund balances in the debt service fund type and capital projects fund type by $1,518,616 and $(2,936,924), respectively, and transfer the special assessments (general obliga- tion) bonds outstanding of $4,900,000 at January 1, 1986, to the general long -term debt account group. Individual fund balances were restated as follows: As previously Fund reverted As restated Special Assessment Funds $ 337,387 - Debt Service Funds - 3,578,986 Capital Projects Funds - (4,270,141) (Continued) CITY OF EDINA, MINNESOTA Additionally, as a result of this change, the excess of revenues and other sources over expenditures and other uses for the debt service fund type increased (decreased) S(56,395) and $1,920,509 in 1987 and 1986, respectively, and for the capital projects fund type decreased $(704,038) and $(1,473,998) in 1987 and 1986, respectively. Individual funds were affected as follows: Debt Service Funds - Improvement Bond Redemption II Fund Capital Projects Funds - Revolving Fund Increase Increase (decrease) (decrease) 1987 1986 $ (56,395) 1,920,509 (704,038) (1,473,998) (Continued) CITY OF EDIHA, MINNESOTA CITY OF EDINA, MINNESOTA (10) gaq=nt Information for Enterprise Funds The City maintains enterprise funds for utility (rater and serer) ser -(12) Interfund Receivable and Payable Balances vices and liquor facilities. Individual funds are. also maintained p y Interfund receivables and a able: as of December 31, 1987 were a. for other enterprise operations designated below as "Other Enterprise Funds" which are recreational in nature such ass swimming pool, golf follows: course, recreation center, gun range and art center. Segment infor- mation for the vear ended December 31. 1987 is as follorss Sales (less cost of $4,122,532) $ Operating revenues Depreciation Operating income (loss) Nonoperatinq revenues Operating trans- fers out Not income (loss) Property additions Not working capital Bonds payable Total assets Total equity Other Total Enterprise Enterprise Utility Liggor Funds Funds - 980,749 - 980,749 4,053,788 - 1,658,715 5,712,503 381,600 42,086 199,603 623,289 (73,681) 245,743 (223,194) (51,132) 95,656 67,676 139,456 302,788 Fund General (including amount due Edina Housing and Redevelopment Authority) Debt Services General Debt Service Improvement Bond Redemption - II Capital Projects Funds: Construction Housing Redevelopment Authority of Edina Revolving Enterprises Utilities Golf course Recreation center - (400,000) - (400,000) 21,975 (86,581) (72,093) (136,699) 113,999 - 448,732 562,731 (13) Reserved or Desicmatad Fwd EgLity 2,356,053 218,974 (1,228,672) 1,346,355 - - 1,150,000 1,150,000 16,759,588 1,087,878 2,556,674 20,404,140 16,437,463 935,145 1,055,551 18,428,159 (11) Edina Fireman's Relief Association The Edina Firemen's Relief Association is the pension fund for the City's Volunteer Fire Department employees. Funding for the pension plan is provided from the two percent insurance premium rebate from the state of Minnesota. The City is responsible for any unfunded portion of the Relief Association's accrued liability. As of Decem- ber 31, 1987 there was no unfunded liability. (Continued) Interfund Interfund receivables RAxAblea S 284,347 2,633,642 200,000 - 2,556,011 15,281 2,339 3,005,696 2,418,699 - 200,420 51661 - 1,536 - 245,000 $ 5.906.816 The following fund equity balances as of December 31, 1987 have been reserved or designated for the reasons noted belors General Funds Reserved for commitments = 459.437 Unreserved - designated: Designated for dedicated funds 1,984,689 Bond proceeds designated for construction 95,007 Other 114.451 Total General Fund 2,194,147 Debt Service Funds: Reserved for debt service 3,722,591 Capital Projects Funds: Designated for housing and redevelopment projects 2,346,481 Enterprise funds: Golf Course Funds Reserved for debt service 145.445 Total fund equity reservations = 8.868.101 CITY OF EDINA, MINNESOTA (14) Fund Deficiencies /Deficits Expenditures exceeded revenues in certain individual funds for the year ended December 31, 1987 as follows: Special Revenue Fund S 158,973 General Debt Service Fund 33,550 Improvement Bond Redemption II Fund 56,395 Housing and Redevelopment Authority of Edina Fund 8,504,309 Construction Fund 704,038 Liquor Fund 86,581 Swimming Pool Fund 16,125 Gun Range Fund 11168 Edinborough Park Fund 196.101 S 8,536.562 The Recreation Center Fund has a retained earnings deficit of $193,894 t0 at December 31, 1987. Currently there are no plans to fund this deficit. The Construction Fund has a $4,974,179 fund balance deficit which will be funded through future receipts of state aid, special assessments and internal financing. (15) Contingencies The City Attorney has indicated that existing and pending lawsuits, claims and other actions in which the City is a defendant are either covered by insurance, of an insignificant amount, or, in the judgment of the City Attorney, remotely recoverable by plaintiffs. (16) Presentation Certain amounts for the year ended December 31, 1986 have been reclassi- fied to conform to the presentation of the amounts at December 31, 1987. Form of Legal Opinion DORSEY & WHITNEY P.......... I.CLOOIMU P..........l Co..o..�o.• 2200 FIRST BANK PLACE EAST MINNEAPOLIS, MINNESOTA 55402 ( 612) 340-2600 TELEX 29 -0606 TELECOPIER (612) 330 -2666 $5,300,000 General Obligation Taxable Tax Increment Bonds, Series 1989 City of Edina Hennepin County, Minnesota We have acted as Bond Counsel in connection with the issuance by the City of Edina, Hennepin County, Minnesota (the City), of its General Obligation Taxable Tax Increment Bonds, Series 1989, dated originally as of April 1, 1989, in the total principal amount of $5,300,000 (the Bonds). The Bonds are registered as to principal and interest and are issuable in single maturities and in any authorized denomination that is an integral multiple of $5,000. The Bonds mature on February 1 in the years and amounts set forth below, and Bonds maturing in such years and amounts bear interest from their date of issue until paid at the annual rates set forth opposite such years and amounts, respectively: Year Amount Rate Year Amount Rate 1995 $125,000 % 2003 $325,000 1996 50,000 2004 375,000 1997 75,000 2005 375,000 1998 125,000 2006 400,000 1999 175,000 2007 700,000 2000 225,000 2008 875,000 2001 250,000 2009 950,000 2002 275,000 Interest is payable on each February 1 and August 1, commencing August 1, 1989, to the registered owners of the Bonds appearing of record in the bond register maintained by the Registrar described below as of the close of business on the fifteenth day (whether or not a business day) of the immediately preceding month. Bonds maturing on February 1, 1999 and thereafter are subject to redemption and prepayment, at the option of the City and in whole or in part, and if in part, in inverse order of maturities and in $5,000 principal amounts selected by lot within any maturity, on February 1, 1998 and any interest payment date thereafter, at a price equal to the principal amount thereof to be redeemed plus interest accrued to the date of redemption. Interest on the Bonds is payable by check or draft mailed to the registered owners by , in , Minnesota, or a successor 50 DORSEY & WHITNEY $5,300,000 General Obligation City of Edina, Hennepin Taxable Tax Increment Bonds, County, Minnesota Series 1989 -2- bond registrar, transfer agent and paying agent (the Registrar) , and the principal thereof is payable to the registered owner upon presentation and surrender thereof at the principal office of the Registrar. For the purpose of giving this opinion, we have examined certified copies of certain proceedings taken by the City in the authorization, sale and issuance of the Bonds, including the form of the Bonds, and certain other proceedings and documents furnished by the City and others. From our examination of such proceedings and other documents, assuming the authenticity thereof, the genuineness of the signatures thereon and the accuracy of the facts stated therein, and based upon laws, regulations, rulings and decisions in effect on the date hereof, it is our opinion that: 1. The Bonds are in due form, have been duly authorized, executed and delivered, and are valid and binding general obligations of the City enforceable in accordance with their terms, except to the extent to which enforceability thereof may be limited by federal or State of Minnesota laws relating to bankruptcy, reorganization, moratorium or creditors' rights generally. 2. The principal of and interest on the Bonds are payable primarily from tax increment revenues generated from the captured assessed value of taxable property within tax increment financing districts in the City in which the project to be financed with the issuance of the Bonds is located, the collection of which the governing body of the City has estimated will produce amounts at least five percent in excess of the amounts needed to meet, when due, the principal and interest payments on the Bonds; but, if necessary for the payment of such principal and interest, ad valorem taxes are required by law to be levied on all taxable property in the City, which taxes are not subject to any limitation as to rate or amount. 3. Interest on the Bonds will be includible in gross income for federal and State of Minnesota income tax purposes. We have not been asked and have not undertaken to review the accuracy, completeness or sufficiency of any offering materials relating to the Bonds, and, accordingly, we express no opinion with respect thereto. Dated this day of , 1989. 51 Form of Legal Opinion DORSEY & WHITNEY A P ... ..... . 1.­-- P- 1 ... I —L Co.rour,a.• 2200 FIRST BANK PLACE EAST MINNEAPOLIS, MINNESOTA 86402 (612)340-2600 TELEX 20 -0605 TELECOPIES (612)340-2866 $8,425,000 General Obligation Tax Increment Bonds, Series 1989 City of Edina, Hennepin County, Minnesota We have acted as Bond Counsel in connection with the issuance by the City of Edina, Hennepin County, Minnesota (the City), of its General Obligation Tax Increment Bonds, Series 1989, dated originally as of April 1, 1989, in the total principal amount of $8,425,000 (the Bonds). The Bonds are registered as to both principal and interest and are issuable in any authorized denomination which is a multiple of $5,000. The Bonds mature on February 1 in the years and amounts set forth below, and Bonds maturing in such years and amounts bear interest from date of issue until paid or duly called for redemption at the annual rates set forth opposite such years and amounts respectively: Year Amount Rate Year Amount Rate 1995 $225,000 % 2003 $ 500,000 % 1996 75,000 % 2004 575,000 % 1997 125,000 % 2005 600,000 % 1998 200,000 % 2006 700,000 % 1999 275,000 % 2007 1,100,000 % 2000 350,000 % 2008 1,375,000 % 2001 375,000 % 2009 1,500,000 % 2002 450,000 % Interest is payable semiannually on each February 1 and August 1, commencing August 1, 1989, to the registered owners of the Bonds appearing of record in the bond register maintained by the Registrar described below as of the close of business on the fifteenth day (whether or not a business day) of the immediately preceding month. Bonds maturing on February 1, 1999 and thereafter are each subject to redemption and prepayment, at the option of the City and in whole or in part, and if in part, in inverse order of maturities and in $5,000 principal amounts selected by lot within any maturity, on February 1, 1998, and any interest payment date thereafter, at a price equal to the principal thereof to be redeemed plus 'interest accrued to the date of redemption. Interest on the Bonds is payable by check or draft mailed to the registered owners by in I Minnesota, or a 52 DORSEY & Wt[ITNBY $8,425,000 General Obligation Tax City of Edina, Hennepin Increment Bonds, Series 1989 County, Minnesota -2- successor bond registrar, transfer agent and paying agent (the Registrar), and the principal thereof is payable to the registered owner upon presentation and surrender thereof at the principal office of the Registrar. For the purpose of this opinion, we have examined certified copies of certain proceedings taken by the City in the authorization, sale and issuance of the Bonds, including the form of the Bonds, and certain other proceedings and documents furnished by the City and others. From our examination of such proceedings and other documents, assuming the authenticity thereof, the genuineness of the signatures thereon, and the accuracy of the facts stated therein, and based upon laws, regulations, rulings and decisions in effect on the date hereof, it is our opinion: 1. The Bonds are in due form, have been duly authorized, executed and delivered, and are valid and binding general obligations of the City enforceable in accordance with their terms, except to the extent enforceability may be limited by State of Minnesota or United States laws relating to bankruptcy, reorganization, moratorium or creditors' rights generally. 2. The principal of and interest on the Bonds are payable primarily from tax increment revenues generated from the captured assessed value of taxable property within the tax increment financing districts in the City in which the project to be financed by the issuance of the Bonds is located, the collections of which the governing body of the City has estimated will produce amounts at least five percent in excess of the amounts needed to meet, when due, the principal and interest payments on the Bonds, but if necessary for payment of such principal and interest, ad valorem taxes are required by law to be levied on all taxable property in the City, which taxes are not subject to any limitation as to rate or amount. 3. Interest on the Bonds is not includable in gross income for federal income tax purposes or in taxable net income of individuals, estates or trusts for Minnesota income tax purposes. Interest on the Bonds is includable in taxable income of corporations and financial institutions for purposes of the Minnesota franchise tax. Interest on the Bonds is not an item of tax preference includable in alternative minimum taxable income for purposes of the federal alternative minimum tax applicable to all taxpayers or the Minnesota alternative minimum tax applicable to individuals, estates and trusts, but is includable in book income or in earnings and profits of corporations in determining alternative minimum tax imposed on corporations. The opinions set forth in this paragraph are subject to the condition that the City comply with all the requirements of the Code that must be satisfied subsequent to the issuance of the Bonds in order that interest thereon be, or continue to be, excluded from gross income for federal income tax purposes. The City has covenanted in the resolution authorizing the issuance of the Bonds to comply with these continuing requirements. Failure of the City to comply with these requirements may result in the inclusion of interest on the Bonds in federal gross income and in Minnesota taxable net income, retroactive to the date of issuance of the Bonds. We express no opinion regarding other federal tax consequences arising with respect to the Bonds. We have not been asked, and have not undertaken, to review the accuracy, completeness or sufficiency of any offering materials relating to the Bonds, and accordingly, we express no opinion with respect thereto. Dated this day of 1989. 53 Form of Legal Opinion Do ?sEY & WHITNEY A P..r....w1• 1wetUOIMO P.o....sow- C01.V.1-6 2200 FIRST BANK PLACE EAST MINNEAPOLIS, MINNESOTA 66402 (612)340-2600 TELEX 20 -0606 TELECOM ER (610)340 -4668 $1,760,000 General Obligation Improvement Bonds, Series 1989 City of Edina Hennepin County, Minnesota We have acted as Bond Counsel in connection with the issuance by the City of Edina, Hennepin County, Minnesota (the City), of its General Obligation Improvement Bonds, Series 1989, dated originally as of April 1, 1989, in the total principal amount of $1,760,000 (the Bonds). The Bonds are registered as to principal and interest and are issuable in single maturities and in any authorized denomination that is an integral multiple of $5,000. The Bonds mature on February 1 in the years and amounts set forth below, and Bonds maturing in such years and amounts bear interest from their date of issue until paid or duly called for redemption at the annual rates set forth opposite such years and amounts, respectively: Year Amount Rate Year Amount Rate 1992 $180,000 % 1997 $175,000 % 1993 180,000 1998 175,000 1994 180,000 1999 175,000 1995 175,000 2000 175,000 1996 175,000 2001 170,000 Interest is payable on each February 1 and August 1, commencing August 1, 1989, to the registered owners of the Bonds appearing of record in the bond register maintained by the Registrar described below as of the close of business on the fifteenth day (whether or not a business day) of the immediately preceding month. Bonds maturing on February 1, 1996 and thereafter are subject to redemption and prepayment, at the option of the City and in whole or in part, and if in part, in inverse order of maturities and in $5,000 principal amounts selected by lot within any maturity, on February 1, 1995 and any interest payment date thereafter, at a price equal to the principal amount thereof to be redeemed plus interest accrued to the date of redemption. Interest on the Bonds is payable by check or draft mailed to the registered owners by in , Minnesota, or a successor bond registrar, transfer agent and paying agent (the Registrar), and the principal thereof is payable to the registered owner upon presentation and surrender thereof at the principal office of the Registrar. 54 DORSEY & WHITNEY $1,760,000 General Obligation City of Edina, Hennepin Improvement Bonds, Series 1989 County, Minnesota -2- For the purpose of giving this opinion, we have examined certified copies of certain proceedings taken by the City in the authorization, sale and issuance of the Bonds, including the form of the Bonds, and certain other proceedings and documents furnished by the City and others. From our examination of such proceedings and other documents, assuming the authenticity thereof, the genuineness of the signatures thereon and the accuracy of the facts stated therein, and based upon laws, regulations, rulings and decisions in effect on the date hereof, it is our opinion that: 1. The Bonds are in due form, have been duly authorized, executed and delivered, and are valid and binding general obligations of the City enforceable in accordance with their terms, except to the extent to which enforceability thereof may be limited by federal or State of Minnesota laws relating to bankruptcy, reorganization, moratorium or creditors' rights generally. 2. The principal of and interest on the Bonds are payable primarily from special assessments which the City has levied or agreed to levy on the property specially benefited by the improvements financed by the issuance of the Bonds, the collection of which the governing body of the City has estimated will produce amounts at least five percent in excess of the amounts needed to meet, when due, the principal and interest payments on the Bonds; but, if necessary for the payment of such principal and interest, ad valorem taxes are required by law to be levied on all taxable property in the City, which taxes are not subject to any limitation as to rate or amount. 3. Interest on the Bonds is not includable in gross income for federal income tax purposes or in taxable net income of individuals, estates or trusts for Minnesota income tax purposes. Interest on the Bonds is includable in taxable income of corporations and financial institutions for purposes of the Minnesota franchise tax. Interest on the Bonds is not an item of tax preference includable in alternative minimum taxable income for purposes of the federal alternative minimum tax applicable to all taxpayers or the Minnesota alternative minimum tax applicable to individuals, estates and trusts, but is includable in book income or in earnings and profits of corporations in determining alternative minimum tax imposed on corporations. The opinions set forth in this paragraph are subject to the condition that the City comply with all the requirements of the Code that must be satisfied subsequent to the issuance of the Bonds in order that interest thereon be, or continue to be, excluded from gross income for federal income tax purposes. The City has covenanted in the resolution authorizing the issuance of the Bonds to comply with these continuing requirements. Failure of the City to comply with these requirements may result in the inclusion of interest on the Bonds in federal gross income and in Minnesota taxable net income, retroactive to the date of issuance of the Bonds. We express no opinion regarding other federal tax consequences arising with respect to the Bonds. We have not been asked and have not undertaken to review the accuracy, completeness or sufficiency of any offering materials relating to the Bonds, and, accordingly, we express no opinion with respect thereto. Dated this day of , 1989. 55 Form of Legal Opinion DORSEY & NV1iITNEY A P.......... J. 11o,.o P.— ....... L CO.PO..110.. =200 FIRST BANK PLACE EAST MINNEAPOLIS, MINNESOTA 53402 (612)340 -2600 TELEX 29 -0606 TELECOPIER (618)340 -2666 $2,100,000 General Obligation Recreational Facility Bonds, Series 1989 City of Edina Hennepin County, Minnesota We have acted as Bond Counsel in connection with the issuance by the City of Edina, Hennepin County, Minnesota (the City) , of its General Obligation Recreational Facility Bonds, Series 1989, dated originally as of April 1, 1989, in the total principal amount of $2,100,000 (the Bonds). The Bonds are registered as to principal and interest and are issuable in single maturities and in any authorized denomination that is an integral multiple of $5,000. The Bonds mature on January 1 in the years and amounts set forth below, and Bonds maturing in such years and amounts bear interest from their date of issue until paid or duly called. for redemption at the annual rates set forth opposite such years and amounts, respectively: Year Amount Rate Year Amount Rate 1992 $ 65,000 % 2001 $115,000 1993 70,000 2002 120,000 1994 70,000 2003 130,000 1995 75,000 2004 140,000 1996 80,000 2005 145,000 1997 85,000 2006 160,000 1998 95,000 2007 170,000 1999 100,000 2008 180,000 2000 105,000 2009 195,000 Interest is payable on each January 1 and July 1, commencing January 1, 1990, to the registered owners of the Bonds appearing of record in the bond register maintained by the Registrar described below as of the close of business on the fifteenth day (whether or not a business day) of the immediately preceding month. Bonds maturing on January 1, 1999 and thereafter are subject to redemption and prepayment, at the option of the City and in whole or in part, and if in part, in inverse order of maturities and in $5,000 principal amounts selected by lot within any maturity, on January 1, 1998 and any interest payment date thereafter, at a price equal to the principal amount thereof to be redeemed plus interest accrued to the date of redemption. Interest on L`e Bonds is payable by check or draft mailed to the registered owners by , in , Minnesota, or a successor 56 DoRSEY & WHITNEY $2,100,000 General Obligation City of Edina, Hennepin Recreational Facility Bonds, County, Minnesota Series 1989 -2- bond registrar, transfer agent and paying agent (the Registrar), and the principal thereof is payable to the registered owner upon presentation and surrender thereof at the principal office of the Registrar. For the purpose of giving this opinion, we have examined certified copies of certain proceedings taken by the City in the authorization, sale and issuance of the Bonds, including the form of the Bonds, and certain other proceedings and documents furnished by the City and others. From our examination of such proceedings and other documents, assuming the authenticity thereof, the genuineness of the signatures thereon and the accuracy of the facts stated therein, and based upon laws, regulations, rulings and decisions in effect on the date hereof, it is our opinion that: 1. The Bonds are in due form, have been duly authorized, executed and delivered, and are valid and binding general obligations of the City enforceable in accordance with their terms, except to the extent to which enforceability thereof may be limited by federal or State of Minnesota laws relating to bankruptcy, reorganization, moratorium or creditors' rights generally. 2. The principal of and interest on the Bonds are payable from net revenues to be derived from the operation of the municipal golf center, the municipal recreation center and the municipal liquor dispensary, which revenues are estimated to be sufficient to pay all principal of and interest on the Bonds and certain outstanding bonds payable therefrom, but the full faith and credit of the City have been pledged for the payment of the principal and interest of the Bonds, and if necessary for the payment of such principal and interest, ad valorem taxes are required by law to be levied on all taxable property in the City, which taxes are not subject to any limitation as to rate or amount. 3. Interest on the Bonds is not includable in gross income for federal income tax purposes or in taxable net income of individuals, estates or trusts for Minnesota income tax purposes. Interest to be paid on the Bonds is includable in taxable income of corporations and financial institutions for purposes of the Minnesota franchise tax. Interest on the Bonds is not an item of tax preference includable in alternative minimum taxable income for purposes of the federal alternative minimum tax applicable to all taxpayers or the Minnesota alternative minimum tax applicable to individuals, estates and trusts, but is includable in book income or in earnings and profits of corporations in determining alternative minimum tax im osed on corporations. The opinions set forth in this paragrapn ape suu3ect to the condition that the City comply with all the requirements of the Code that must be satisfied subsequent to the issuance of the Bonds in order that interest thereon be, or continue to be, excluded from gross income for federal income tax purposes. The City has covenanted in the resolution authorizing the issuance of the Bonds to comply with these continuing requirements. Failure of the City to comply with these requirements may result in the inclusion of interest on the Bonds in federal gross income and in Minnesota taxable net income, retroactive to the date of issuance of the Bonds. We express no opinion regarding other federal tax consequences arising with respect to the Bonds. We have not been asked and have not undertaken to review the accuracy, completeness or sufficiency of any offering materials relating to the Bonds, and, accordingly, we express no opinion with respect thereto. Dated this day of , 1989. 57 t i Worksheet $5,300,000 G.O. TAXABLE INCREMENT BONDS, SERIES 1989 CITY OF EDINA, MINNESOTA DATE OF BONDS 04/01/89 DUE 02/01 PRICE NOT LESS THAN $5,210,000.00 INTEREST RATES ONE RATE OF INTEREST EXPRESSED PER MATURITY, IN MULTIPLES OF 1 /20TH OR 1 /8TH OF ONE PERCENT, DESIGNATED IN ASCENDING ORDER. CALL FEATURE ALL BONDS MATURING IN THE YEARS 1999 - 2009 ARE SUBJECT TO REDEMPTION AND PRIOR PAYMENT ON - 02/01/98 AND ON ANY INTEREST PAYMENT DATE THEREAFTER AT PAR PLUS ACCRUED INTEREST. ----------------------------------------------------------------------- - - - - -- YEAR 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 PRINCIPAL 125,000 50,000 75,000 125,000 175,000 225,000 250,000 275,000 325,000 375,000 375,000 400,000 700,000 875,000 950,000 $5,300,000 AVERAGE MATURITY = BOND YEARS 729.1667 341.6667 587.5000 1,104.1667 1,720.8333 2,437.5000 2,958.3333 3,529.1667 4,495.8333 5,562.5000 5,937.5000 6,733.3333 12,483.3333 16,479.1667 18,841.6667 83,941.6667 CUMULATIVE 729.1667 1,070.8334 1,658.3334 2,762.5001 4,483.3334 6,920.8334 9,879.1667 13,408.3334 17,904.1667 23,466.6667 29,404.1667 36,137.5000 48,620.8333 65,100.0000 83,941.6667 15.83805 YEARS i i Worksheet $8,425,000 G.O. TAX INCREMENT BONDS, SERIES 1989 CITY OF EDINA, MINNESOTA DATE OF BONDS 04/01/89 DUE 02/01 PRICE NOT LESS THAN $8,285,000.00 INTEREST RATES ONE RATE OF INTEREST EXPRESSED PER MATURITY, IN MULTIPLES OF 1 /20TH OR 1 /8TH OF ONE PERCENT, DESIGNATED IN ASCENDING ORDER. CALL FEATURE ALL BONDS MATURING IN THE YEARS 1999 - 2009 ARE SUBJECT TO REDEMPTION AND PRIOR PAYMENT ON - 02/01/98 AND ON ANY INTEREST PAYMENT DATE THEREAFTER AT PAR PLUS ACCRUED INTEREST. ----------------------------------------------------------------------- - - - - -- YEAR 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 PRINCIPAL 225,000 75,000 125,000 200,000 275,000 350,000 375,000 450,000 500,000 575,000 600,000 700,000 1,100,000 1,375,000 1,500,000 $8,425,000 AVERAGE MATURITY = BOND YEARS 1,312.5000 512.5000 979.1667 1,766.6667 2,704.1667 3,791.6667 4,437.5000 5,775.0000 6,916.6667 8,529.1667 9,500.0000 11,783.3333 19,616.6667 25,895.8333 29,750.0000 133,270.8335 CUMULATIVE 1,312.5000 1,825.0000 2,804.1667 4,570.8334 7,275.0001 11,066.6668 15,504.1668 21,279.1668 28,195.8335 36,725.0002 46,225.0002 58,008.3335 77,625.0002 103,520.8335 133,270.8335 15.81850 YEARS Worksheet $1,760,000 G.O. IMPROVEMENT BONDS, SERIES 1989 CITY OF EDINA, MINNESOTA DATE OF BONDS 04/01/89 DUE 02/01 PRICE NOT LESS THAN $1,740,000.00 INTEREST RATES ONE RATE OF INTEREST EXPRESSED PER MATURITY, IN MULTIPLES OF 1 /20TH OR 1 /8TH OF ONE PERCENT, DESIGNATED IN ASCENDING ORDER. CALL FEATURE ALL BONDS MATURING IN THE YEARS 1996 - 2001 ARE SUBJECT TO REDEMPTION AND PRIOR PAYMENT ON - 02/01/95 AND ON ANY INTEREST PAYMENT DATE THEREAFTER AT PAR PLUS ACCRUED INTEREST. ----------------------------------------------------------------------- - - - - -- YEAR 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 PRINCIPAL 180,000 180,000 180,000 175,000 175,000 175,000 175,000 175,000 175,000 170,000 $1,760,000 AVERAGE MATURITY = i i BOND YEARS 510.0000 690.0000 870.0000 1,020.8333 1,195.8333 1,370.8333 1,545.8333 1,720.8333 1,895.8333 2,011.6667 12,831.6665 CUMULATIVE 510.0000 1,200.0000 2,070.0000 3,090.8333 4,286.6666 5,657.4999 7,203.3332 8,924.1665 10,819.9998 12,831.6665 7.29072 YEARS Worksheet $2,100,000 G.O. RECREATIONAL FACILITY BONDS, SERIES 1989 CITY OF EDINA, MINNESOTA DATE OF BONDS 04/01/89 DUE 01/01 PRICE NOT LESS THAN $2,069,000.00 INTEREST RATES ONE RATE OF INTEREST EXPRESSED PER MATURITY, IN MULTIPLES OF 1 /20TH OR 1 /8TH OF ONE PERCENT, DESIGNATED IN ASCENDING ORDER. CALL FEATURE ALL BONDS MATURING IN THE YEARS 1999 - 2009 ARE SUBJECT TO REDEMPTION AND PRIOR PAYMENT ON - 01/01/98 AND ON ANY INTEREST PAYMENT DATE THEREAFTER AT PAR PLUS ----------------------------------------------------------------------------- ACCRUED INTEREST. YEAR PRINCIPAL BOND YEARS CUMULATIVE - - -- 1992 ----- - - - - -- 65,000 ------ - - - - -- 178.7500 ------ - - - - -- 178.7500 1993 70,000 262.5000 441.2500 1994 70,000 332.5000 773.7500 1995 75,000 431.2500 1,205.0000 1996 80,000 540.0000 1,745.0000 1997 85,000 658.7500 2,403.7500 1998 95,000 831.2500 3,235.0000 1999 100,000 975.0000 4,210.0000 2000 105,000 1,128.7500 5,338.7500 2001 115,000 1,351.2500 6,690.0000 2002 120,000 1,530.0000 8,220.0000 2003 130,000 1,787.5000 10,007.5000 2004 140,000 2,065.0000 12,072.5000 2005 145,000 2,283.7500 14,356.2500 2006 160,000 2,680.0000 17,036.2500 2007 170,000 3,017.5000 20,053.7500 2008 180,000 3,375.0000 23,428.7500 2009 195,000 3,851.2500 27,280.0000 $2,100,000 AVERAGE MATURITY - 27,280.0000 app- pppp--p- 12.99048 YEARS Bid Form TO: Members of City Council Edina, Minnesota RE: $5,300,000 General Obligation TAXABLE Tax Increment Bonds, Series 1989 For all of the referenced Bonds in accordance with the terms and conditions as set forth in the Official Statement for the issue, we offer to pay the City $ (not less than $5,210,000), plus accrued interest from April 1, 1989, to the delivery date with the condition that the Bonds mature on February 1 and bear interest at the coupon rates as follows: Year of Coupon Year of Coupon Maturity Amount Rate Maturity Amount Rate ' 1995 $125,000 % 2003 $325,000 1996 50,000 % 2004 375,000 1997 75,000 % 2005 375,000 % 1998 125,000 % 2006 400,000 1999 175,000 % 2007 700,000 2000 225,000 % 2008 875,000 2001 250,000 % 2009 950,000 2002 275,000 % This bid is for prompt acceptance or rejection and is conditional upon delivery of the referenced Bonds. Attached hereto, as evidence of our good faith, is our certified or cashier's check or treasurers check in the amount of $106,000. If our bid is not accepted, said check is to be promptly i returned to us. Respectfully submitted, Account Manager( *) By ( *) Representing associated firms, as listed elsewhere on this form. NOT PART OF OFFICIAL BID According to our calculations the following is accurate: Net Interest Cost = $ Net Interest Rate = Received above described good faith check. 0/ Public Financial Systems, Inc. The foregoing offer is hereby accepted by the issuer this 20th day of March, 1989 by the following qualified officers. Frederick S. Richards Mayor I Kenneth E. Rosland City Manager i i 1 Bid Form TO: Members of City Council Edina, Minnesota RE: $5,300,000 General Obligation TAXABLE Tax Increment Bonds, Series 1989 For all of the referenced Bonds in accordance with the terms and conditions as set forth in the Official Statement for the issue, we offer to pay the City $ (not less than $5,210,000), plus accrued interest from April 1, 1989, to the delivery date with the condition that the Bonds mature on February 1 and bear interest at the coupon rates as follows: Year of Coupon Year of Coupon Maturity Amount Rate Maturity Amount Rate 1995 $125,000 % 2003 $325,000 1996 50,000 % 2004 375,000 1997 75,000 % 2005 375,000 1998 125,000 % 2006 400,000 1999 175,000 % 2007 700,000 2000 225,000 % 2008 875,000 2001 250,000 % 2009 950,000 2002 275,000 This bid is for prompt acceptance or rejection and is conditional upon delivery of the referenced Bonds. Attached hereto, as evidence of our good faith, is our certified or cashier's check or treasurers check in the amount of $106,000. If our bid is not accepted, said check is to be promptly returned to us. Respectfully submitted, Account Manager( *) By ( *) Representing associated firms, as listed elsewhere on this form. NOT PART OF OFFICIAL BID According to our calculations the following is accurate: Net Interest Cost = $ Net Interest Rate = Received above described good faith check. Public Financial Systems, Inc. The foregoing offer is hereby accepted by the issuer this 20th day of March, 1989 by the following qualified officers. Frederick S. Richards Kenneth E. Rosland Mayor City Manager Bid Form TO: Members of City Council Edina, Minnesota RE: $5,300,000 General Obligation TAXABLE Tax Increment Bonds, Series 1989 For all of the referenced Bonds in accordance with the terms and conditions as set forth in the Official Statement for the issue, we offer to pay the City $ (not less than $5,210,000), plus accrued interest from April 1, 1989, to the delivery date with the condition that the Bonds mature on February 1 and bear interest at the coupon rates as follows: Year of Coupon Year of Coupon Maturity Amount Rate Maturity Amount Rate 1995 $125,000 % 2003" $325,000 1996 50,000 % 2004 375,000 1997 75,000 % 2005 375,000 1998 125,000 % 2006 400,000 1999 175,000 % 2007 700,000 2000 225,000 % 2008 875,000 2001 250,000 % 2009 950,000 2002 275,000 This bid is for prompt acceptance or rejection and is conditional upon delivery of the referenced Bonds. Attached hereto, as evidence of our good faith, is our certified or cashier's check or treasurers check in the amount of $106,000. If our bid is not accepted, said check is to be promptly returned to us. Respectfully submitted, Account Manager( *) M ( *) Representing associated firms, as listed elsewhere on this form. NOT PART OF OFFICIAL BID According to our calculations the following is accurate: Net Interest Cost = $ Net Interest Rate = Received above described good faith check. Public Financial Systems, Inc. The foregoing offer is hereby accepted by the issuer this 20th day of March, 1989 by the following qualified officers. Frederick S. Richards Kenneth E. Rosland Mayor City Manager Bid Form TO: Members of City Council Edina, Minnesota RE: $8,425,000 General Obligation Tax Increment Bonds, Series 1989 For all of the referenced Bonds in accordance with the terms and conditions as set forth in the Official Statement for the issue, we offer to pay the City $ (not less than $8,285,000), plus accrued interest from April 1, 1989, to the delivery date with the condition that the Bonds mature on February 1 and bear interest at the coupon rates as follows: Year of Coupon Year of Coupon Maturity Amount Rate Maturity Amount Rate 1995 $225,000 % 2003 $500,000 1996 75,000 % 2004 575,000 1997 125,000 % 2005 600,000 1998 200,000 % 2006 700,000 1999 275,000 % 2007 1,100,000 2000 350,000 % 2008 1,375,000 2001 375,000 % 2009 1,500,000 2002 450,000 This bid is for prompt acceptance or rejection and is conditional upon delivery of the referenced Bonds. Attached hereto, as evidence of our good faith, is our certified or cashier's check or treasurers check in the amount of $168,500. If our bid is not accepted, said check is to be promptly returned to us. i Respectfully submitted, ' Account Manager( *) BY ( *) Representing associated firms, as listed elsewhere on this form. NOT PART OF OFFICIAL BID According to our calculations the following is accurate: Net Interest Cost = $ Net Interest Rate = Received above described good faith check. Public Financial Systems, Inc. The foregoing offer is hereby accepted by the issuer this 20th day of March, 1989 by the following qualified officers. Frederick S. Richards Kenneth E. Rosland Mayor City Manager i i Bid Form TO: Members of City Council Edina, Minnesota RE: $8,425,000 General Obligation Tax Increment Bonds, Series 1989 For all of the referenced Bonds i-n accordance with the terms and conditions as set forth in the Official Statement for the issue, we offer to pay the City $ (not less than $8,285,000), plus accrued interest from April 1, 1989, to the delivery date with the condition that the Bonds mature on February 1 and bear interest at the coupon rates as follows: ' Year of ' Coupon Year of Coupon Maturity i Amount Rate Maturity Amount Rate 1995 $225,000 % 2003 $500,000 1996 75,000 % 2004 575,000 1997 125,000 % 2005 600,000 ' 1998 200,000 % 2006 700,000 1999 275,000 % 2007 1,100,000 i 2000 350,000 % 2008 1,375,000 2001 375,000 % 2009 1,500,000 % 2002 450,000 % This bid is for prompt acceptance or rejection and is conditional upon delivery of the referenced Bonds. Attached hereto, as evidence of our good faith, is our certified or cashier's check or treasurers check in the amount of $168,500. If our bid is not accepted, said check is to be promptly returned to us. Respectfully submitted, Account Manager( *) By ( *) Representing associated firms, as listed elsewhere on this form. NOT PART OF OFFICIAL BID According to our calculations the following is accurate: Net Interest Cost = $ Net Interest Rate = Received above described good faith check. 0 Public Financial Systems, Inc. The foregoing offer is hereby accepted by the issuer this 20th day of March, 1989 by the following qualified officers. Frederick S. Richards Kenneth E. Rosland Mayor City Manager i i , i i i } ti , Bid Form TO: Members of City Council Edina, Minnesota RE: $8,425,000 General Obligation Tax Increment Bonds, Series 1989 For all of the referenced Bonds in accordance with the terms and conditions as set forth in the Official Statement for the issue, we offer to pay the City $ (not less than $8,285,000), plus accrued interest from April 1, 1989, to the delivery date with the condition that the Bonds mature on February 1 and bear interest at the coupon rates as follows: Year of Coupon Year of Coupon Maturity Amount Rate Maturity Amount Rate 1995 $225,000 % 2003 $500,000 1996 75,000 % 2004 575,000 1997 125,000 % 2005 600,000 1998 200,000 % 2006 700,000 1999 275,000 % 2007 1,100,000 2000 350,000 % 2008 1,375,000 2001 375,000 % 2009 1,500,000 2002 450,000 This bid is for prompt acceptance or rejection and is conditional upon delivery of the referenced Bonds. Attached hereto, as evidence of our good faith, is our certified or cashier's check or treasurers check in the amount of $168,500. If our bid is not accepted, said check is to be promptly returned to us. Respectfully submitted, Account Manager( *) ' By ( ) Representing associated firms, as listed elsewhere on this form. NOT PART OF OFFICIAL BID According to our calculations the following is accurate: Net Interest Cost = $ Net Interest Rate = % Received above described good faith check. Public Financial Systems, Inc. The foregoing offer is hereby accepted by the issuer this 20th day of March, 1989 by the following qualified officers. Frederick S. Richards Kenneth E. Rosland Mayor City Manager i i Bid Form TO: Members of City Council Edina, Minnesota RE: $1,760,000 General Obligation Improvement Bonds, Series 1989 For all of the referenced Bonds in accordance with the terms and conditions as set forth in the Official Statement for the issue, we offer to pay the City $ (not less than $1,740,000), plus accrued interest from April 1, 1989, to the delivery date with the condition that the Bonds mature on February 1 and bear interest at the coupon rates as follows: Year of Coupon Year of Coupon Maturity Amount Rate Maturity Amount Rate 1992 $180,000 % 1997 $175,000 1993 180,000 % 1998 175,000 1994 180,000 % 1999 175,000 1995 175,000 % 2000 175,000 1996 175,000 % 2001 170,000 This bid is for prompt acceptance or rejection and is conditional upon delivery of the referenced Bonds. Attached hereto, as evidence of our good faith, is our certified or cashier's check or treasurers check in the amount of $35,200. If our bid is not accepted, said check is to be promptly returned to us. Respectfully submitted, Account Manager( *) By ( *) Representing associated firms, as listed elsewhere on this form. NOT PART OF OFFICIAL BID According to our calculations the following is accurate: Net Interest Cost = $ Net Interest Rate = OX Received above described good faith check. Public Financial Systems, Inc. i The foregoing offer is hereby accepted by the issuer this 20th day of March, 1989 by the following qualified officers. r Frederick S. Richards Mayor i Kenneth E. Rosland City Manager I Bid Form TO: Members of City Council Edina, Minnesota RE: $1,760,000 General Obligation Improvement Bonds, Series 1989 For all of the referenced.Bonds in accordance with the terms and conditions as set forth in the Official Statement for the issue, we offer to pay the City $ (not less than $1,740,000), plus accrued interest from April 1, 1989, to the delivery date with the condition that the Bonds mature on February 1 and bear interest at the coupon rates as follows: Year of Coupon Year of Coupon Maturity Amount Rate Maturity Amount Rate 1992 $180,000 % 1997 $175,000 1993 180,000 % 1998 175,000 1994 180,000 % 1999 175,000 1995 175,000 % 2000 175,000 1996 175,000 % 2001 170,000 % This bid is for prompt acceptance or rejection and is conditional upon delivery of the referenced Bonds. Attached hereto, as evidence of our good faith, is our certified or cashier's check or treasurers check in the amount of $35,200. If our bid is not accepted, said check is to be promptly returned to us. Respectfully submitted, Account Manager( *) By ( *) Representing associated firms, as listed elsewhere on this form. NOT PART OF OFFICIAL BID According to our calculations the following is accurate: Net Interest Cost = $ Net Interest Rate = % Received above described good faith check. Public Financial Systems, Inc. The foregoing offer is hereby accepted by the issuer this 20th day of March, 1989 by the following qualified officers. Frederick S. Richards Kenneth E. Rosland Mayor City Manager Bid Form TO: Members of City Council Edina, Minnesota RE: $1,760,000 General Obligation Improvement Bonds, Series 1989 For all of the referenced Bonds in accordance with the terms and conditions as set forth in the Official Statement for the issue, we offer to pay the City $ (not less than $1,740,000), plus accrued interest from April 1, 1989, to the delivery date with the condition that the Bonds mature on February 1 and bear interest at the coupon rates as follows: Year of Coupon Year of Coupon Maturity Amount Rate Maturity Amount Rate 1992 $180,000 % 1997 $175,000 1993 180,000 % 1998 175,000 1994 180,000 % 1999 175,000 1995 175,000 % 2000 175,000 1996 175,000 % 2001 170,000 This bid is for prompt acceptance or rejection and is conditional upon delivery of the referenced Bonds. Attached hereto, as evidence of our good faith, is our certified or cashier's check or treasurers check in the amount of $35,200. If our bid is not accepted, said check is to be promptly returned to us. Respectfully submitted, Account Manager( *) By ( *) Representing associated firms, as listed elsewhere on this form. NOT PART OF OFFICIAL BID According to our calculations the following is accurate: Net Interest Cost = $ Net Interest Rate = Received above described good faith check. Public Financial Systems, Inc. The foregoing offer is hereby accepted by the issuer this 20th day of March, 1989 by the following qualified officers. Frederick S. Richards Kenneth E. Rosland Mayor City Manager Bid Form TO: Members of City Council Edina, Minnesota RE: $2,100,000 General Obligation Recreational Facility Bonds, Series 1989 For all of the referenced Bonds in accordance with the terms and conditions as set forth in the Official Statement for the issue, we offer to pay the City $ (not less than $2,069,000), plus accrued interest from April 1, 1989, to the delivery date with the condition that the Bonds mature on January 1 and bear interest at the coupon rates as follows: Year of Coupon Year of Coupon Maturity Amount Rate Maturity Amount Rate 1992 $ 65,000 % 2001 $115,000 1993 70,000 % 2002 120,000 1994 70,000 % 2003 130,000 1995 75,000 % 2004 140,000 1996 80,000 % 2005 145,000 1997 85,000 % 2006 160,000 1998 95,000 % 2007 170,000 1999 100,000 % 2008 180,000 2000 105,000 % 2009 195,000 This bid is for prompt acceptance or rejection and is conditional upon delivery of the referenced Bonds. Attached hereto, as evidence of our good faith, is our certified or cashier's check or treasurers check in the amount of $42,000. If our bid is not accepted, said check is to be promptly returned to us. Respectfully submitted, Account Manager( *) By ( *) Representing associated firms, as listed elsewhere on this form. NOT PART OF OFFICIAL BID According to our calculations the following is accurate: Net Interest Cost = $ Net Interest Rate = 0 Received above described good faith check. Public Financial Systems, Inc. The foregoing offer is hereby accepted by the issuer this 20th day of March, 1989 by the following qualified officers. i { Frederick S. Richards Mayor s i I Kenneth E. Rosland City Manager Bid Form TO: Members of City Council Edina, Minnesota RE: $2,100,000 General Obligation Recreational Facility Bonds, Series 1989 For all of the referenced Bonds in accordance with the terms and conditions as set forth in the Official Statement for the issue, we offer to pay the City $ (not less than $2,069,000), plus accrued interest from April 1, 1989, to the delivery date with the condition that the Bonds mature on January 1 and bear interest at the coupon rates as follows: Year of Coupon Year of Coupon Maturity Amount Rate Maturity Amount Rate 1992 $-65,000 % 2001 $115,000 1993 70,000 % 2002 120,000 1994 70,000 % 2003 130,000 1995 75,000 % 2004 140,000 1996 80,000 % 2005 145,000 1997 85,000 % 2006 160,000 1998 95,000 % 2007 170,000 1999 100,000 % 2008 180,000 2000 105,000 % 2009 195,000 This bid is for prompt acceptance or rejection and is conditional upon delivery of the referenced Bonds. Attached hereto, as evidence of our good faith, is our certified or cashier's check or treasurers check in the amount of $42,000. If our bid is not accepted, said check is to be promptly returned to us. Respectfully submitted, Account Manager( *) By ( *) Representing associated firms, as listed elsewhere on this form. NOT PART OF OFFICIAL BID According to our calculations the following is accurate: Net Interest Cost = $ Net Interest Rate = Received above described good faith check. 0 Public Financial Systems, Inc. The foregoing offer is hereby accepted by the issuer this 20th day of March, 1989 by the following qualified officers. Frederick S. Richards Kenneth E. Rosland Mayor City Manager i i i Bid Form TO: Members of City Council Edina, Minnesota RE: $2,100,000 General Obligation Recreational Facility Bonds, Series 1989 For all of the referenced Bonds in accordance with the terms and conditions as set forth in the Official Statement for the issue, we offer to pay the City $ (not less than $2,069,000), plus accrued interest from April 1, 1989, to the delivery date with the condition that the Bonds mature on January 1 and bear interest at the coupon rates as follows: Year of Coupon Year of Coupon Maturity Amount Rate Maturity Amount Rate 1992 $ 65,000 % 2001 $115,000 1993 70,000 % 2002 120,000 1994 70,000 % 2003 130,000 1995 75,000 % 2004 140,000 1996 80,000 % 2005 145,000 1997 85,000 % 2006 160,000 1998 95,000 % 2007 170,000 1999 100,000 % 2008 180,000 2000 105,000 % 2009 195,000 This bid is for prompt acceptance or rejection and is conditional upon delivery of the referenced Bonds. Attached hereto, as evidence of our good faith, is our certified or cashier's check or treasurers check in the amount of $42,000. If our bid is not accepted, said check is to be promptly returned to us. Respectfully submitted, Account Manager( *) By ( *) Representing associated firms, as listed elsewhere on this form. NOT PART OF OFFICIAL BID According to our calculations the following is accurate: Net Interest Cost = $ Net Interest Rate = 0/ Received above described good faith check. Public Financial Systems, Inc. The foregoing offer is hereby accepted by the issuer this 20th day of March, 1989 by the following qualified officers. Frederick S. Richards Kenneth E. Rosland Mayor City Manager FORM OF ISSUER'S CERTIFICATE OF OFFICIAL STATEMENT We the undersigned, being the Mayor and City Manager of the City of Edina, Minnesota, do hereby certify that we have examined the attached "Official Statement" prepared in connection with the sale of $5,300,000 General Obliga- tion Taxable Tax Increment Bonds, $8,425,000 General Obligation Tax Increment Bonds, $1,760,000 General Obligation Utility Revenue Bonds, and $2,100,000 General Obligation Recreational Facility Bonds, of the City and find that to the best of our knowledge and belief such statement does not contain any untrue statement of a material fact or omit to state a material fact which should be included therein, for the purpose for which the Official Statement is to be used, or which is necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. Witness our hands this day of City of Edina, Minnesota Frederick S. Richards Kenneth E. Rosland Mayor City Manager (SEAL) FINANCIAL ADVISOR Public Financial Systems, Inc., Minneapolis, Minnesota, has acted as financial advisor to the City concerning the Bonds and has assisted the City with the preparation of this Official Statement. NE r \. I CERTIFICATION OF MINUTES RELATING TO $5,,300,000 GENERAL OBLIGATION TAXABLE TAX INCREMENT BONDS, SERIES 1989• Issuer: City of Edina, Minnesota Governing Body: City Council Kind, date, time and place of meeting: A regular meeting held on March 20, 1989, at 7:00 o'clock P.M., at the City Hall. Members present: Members absent: Documents Attached: Minutes of said meeting (pages): 1 through 17 RESOLUTION RELATING TO $5,300,000 GENERAL OBLIGATION TAXABLE TAX INCREMENT BONDS, SERIES 1989; AWARDING THE SALE, FIXING THE FORM AND DETAILS AND PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND THE SECURITY THEREFOR I, the undersigned, being the duly qualified and acting recording officer of the public corporation issuing the bonds referred to in the title of this certificate, certifying that the documents attached hereto, as described above, have been carefully compared with the original records of said corporation in my legal custody, from which they have been transcribed; that said documents are a correct and complete transcript of the minutes of a meeting of the governing body of said corporation, and correct and complete copies of all resolutions and other actions taken and of all documents approved by the governing body, at said meeting, so far as they relate to said bonds; and that said meeting was duly held by the governing body at the time and place and was attended throughout by the members indicated above, pursuant to call and notice of such meeting given as required by law. WITNESS my hand officially as such recording officer this day of March, 1989. Signature (Seal) — ma--ceIIa M. Daehn, City Clerk Name and Title d The City Clerk presented affidavits showing publication of the Notice of Bond Sale of $5,300,000 General Obligation Taxable Tax Increment Bonds, Series 1989 of the City in a legal newspaper having general circulation in the City, and in a daily or weekly periodical published in a Minnesota city of the first class, which circulates throughout the state and furnishes financial news as a part of its service, as required by law and as directed by a resolution of the City Council adopted February 21, 1989. The affidavits were examined, found to comply with the provisions of Minnesota Statutes, Chapter 475 and directed to be filed in the office of the City Clerk. The City Manager reported that four sealed bids for the $5,300,000 General Obligation Taxable.Tax Increment Bonds, Series 1989 had been received prior to the time designated in the Notice of Bond Sale for the opening of bids. Pursuant to the Notice of Bond Sale and Terms and Conditions of Sale the bids have been opened, read and tabulated and the terms of each have been determined to be as follows: Total Interest Bid For Cost -Net Average Name of Bidder Principal Interest Rates Rate See Attachment Member introduced the following resolution and moved its adoption: RESOLUTION'RELATING TO $5,300,000 GENERAL OBLIGATION TAXABLE TAX INCREMENT BONDS, SERIES 1989; AWARDING THE SALE, FIXING THE FORM AND DETAILS AND PROVIDING FOR THE EXECUTION THEREOF AND THE SECURITY THEREFOR BE IT RESOLVED by the City Council of the City of Edina, Minnesota (the City), as follows: Section 1. Recitals; Authorization and Sale of Bonds. 1.01. Authorization. Pursuant to the provisions of Minnesota Statutes, Section 469.178 and Minnesota Statutes, Chapter 475, the City Council of the City has authorized the issuance and sale of its General Obligation Tax Increment Taxable Bonds, Series 1989 (the Bonds) in the principal amount of $5,300,000 for the purpose of providing funds for the payment of the public redevelopment costs needed for a redevelopment project (the Project), to be undertaken in accordance with the Southeast Edina Redevelopment Plan (the Plan), previously established by the Housing and Redevelopment Authority in and for the City of Edina (the Authority) and approved by the City. $90,000 of the principal amount of the Bonds represents interest -as provided in Minnesota Statutes, Section 475.56. The Authority has established two tax increment financing districts in the area subject to the Plan, which districts have been designated by Hennepin County as No. 1201 and No. 1203 (the Districts). 1.02. Sale of Bonds. Notice of the sale of the Bonds was duly published a.s required by Minnesota Statutes, Section 475.60. Pursuant to the Notice of Bond Sale and the Terms and Conditions of Sale, four sealed bids for the purchase of the Bonds were received at or before the time specified for receipt of bids. The bids have been opened and publicly read and considered, and the purchase price, interest rates and net interest cost under the terms of each bid have been determined. The most favorable proposal received is that of , of r , and associates (the Purchaser), to purchase the Bonds at a price of $ plus accrued interest from the date of the Bonds to the date of delivery thereof, the Bonds to bear interest at the rates set forth in Section 3.01. The proposal is hereby accepted, and the Mayor and the City Manager are hereby authorized and directed to execute a contract on the part of the City for the sale of the Bonds with the Purchaser. The good faith checks of the unsuccessful bidders shall be returned forthwith. 1.03. Performance of Requirements. All acts, conditions and things which are required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be p.erfo'rmed precedent to and in the valid issuance of the Bonds having been done, existing, having happened and having been performed, it is now necessary for this Council to establish the form and,terms of the Bonds, to provide security therefor and to issue the Bonds forthwith. 1.04. Maturities. Pursuant to Minnesota Statutes, Section 475.54, subdivision 17, this Council hereby estimates that the tax increment from the Districts pledged herein to the payment of the Bonds are sufficient to pay when due the principal of and interest'on the Bonds. Section 2. Form of Bonds. 2.01. Bond Form. The Bonds shall be prepared in substantially the following form: -2- [Face of the Bonds] UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF HENNEPIN CITY OF EDINA GENERAL OBLIGATION TAXABLE TAX INCREMENT BOND SERIES 1989 No. Date of Rate Maturity Original Issue April 1, 1989 REGISTERED OWNER: PRINCIPAL AMOUNT: CUSIP SEE REVERSE FOR CERTAIN DEFINITIONS DOLLARS THE CITY OF EDINA, Hennepin County, Minnesota (the City), acknowledges itself to be indebted and, for value received, hereby promises to pay to the registered owner named above, or registered assigns, the principal amount specified above, on the maturity,date specified above, with interest thereon from the date of original issue specified above, or the most recent interest payment date to which interest has been paid or duly provided for, at the annual rate specified above. Interest hereon is payable on February 1 and August 1 in each year, commencing August 1, 1989, to the person in whose name this Bond is registered at the close of business on the 15th day (whether or not a business day) of the immediately preceding month, all subject to the provisions referred to herein with,respect to the redemption of the principal of this Bond before maturity. The interest hereon and, upon presentation and surrender hereof at the principal office of the Bond Registrar hereafter designated, the principal hereof, are payable in lawful money of the United States of America by check or draft of in , as Bond Registrar, Transfer Agen -t and Paying Agent (the Bond Registrar), or its successor designated under the Resolution described herein. Additional provisions of this Bond are contained on the reverse hereof and such provisions shall for all purposes have the'same effect as though fully set forth hereon. -3- This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Resolution until the Certificate of Authentication hereon shall have been executed by the Bond Registrar by manual signature of one of its authorized representatives. IN WITNESS WHEREOF, the City of Edina, Hennepin County, State of Minnesota, by its City Council, has caused this Bond to be executed by the facsimile signatures of the Mayor and the City Manager and by a printed facsimile of the official seal of the City and has caused this Bond to be dated as of the date set forth below. (Facsimile Signature) City Manager Date of Authentication: (Facsimile Signature) Mayor (Facsimile Seal) CERTIFICATE OF AUTHENTICATION This is one of the Bonds delivered pursuant to the Resolution mentioned within. By as Bond Registrar Authorized Representative (Reverse of the Bonds] This Bond is one of an issue in the aggregate principal amount of $5,300,000 (the "Bonds "), issued pursuant to a resolution adopted by the City Council on March 20, 1989 (the "Resolution ") to pay the capital and administrative costs of a redevelopment project to be undertaken in accordance with the Southeast Edina Redevelopment Plan (the "Redevelopment Plan ") of the Housing and Redevelopment Authority of Edina, Minnesota (the "Authority "), which Redevelopment Plan covers certain property .located in the City. This Bond is issued pursuant to and in full conformity with the provisions of the Constitution and laws of the State of Minnesota thereunto enabling, including Minnesota Statutes, Section 469.178 and Chapter 475. The Bonds are payable primarily from tax increments to be derived by the City from two tax increment financing districts established by the Authority in the area subject to the Redevelopment Plan (the "Districts ") which have been pledged to the payment of the Bonds by the Resolution. 'In addition, for the full and prompt payment of the principal and interest on the Bonds as the same become due, the full faith, credit and taxing power of the City have been and are irrevocably pledged. The Bonds are issuable only as fully registered bonds, in denominations of $5,000 or any multiple thereof, of single maturities. Bonds maturing in the years 1995 through 1998 are payable on their.respective stated maturity dates without option of prior payment, but Bonds having stated maturity dates in the years 1999 and later years are each subject to redemption and prepayment, at the option of the City and in whole or in part, and if in part, in inverse order of maturities and in $5,000 principal amounts selected by lot within a maturity, on February 1, 1998 and on any interest payment date thereafter, at a price equal to the principal amount thereof to be redeemed plus interest accrued to the date of redemption. At least thirty days prior to the date set for redemption of any Bond, notice of the call for redemption will be published in a daily or weekly periodical, published in a Minnesota city of the first class or its metropolitan area, which circulates throughout the state and furnishes financial news as a part of its service, and will be mailed to the Bond Registrar and to the registered owner of each Bond to be redeemed at his address appearing in the Bond Register, but no defect in or failure to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of any Bond. Official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified, and from and after such date (unless the City shall default in the payment of the redemption price) such Bonds or portions of Bonds shall cease to bear interest. Upon partial redemption of any Bond, a new Bond or Bonds will be delivered to the registered owner without charge, representing the remaining principal amount outstanding. As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books of the City at the principal office of the Bond Registrar, by the registered owner hereof in person or by his attorney duly authorized in writing upon surrender hereof together with a written instrument of transfer satisfactory to the Bond Registrar, duly executed by the registered owner or his attorney; and may also be surrendered in exchange for Bonds of other authorized denominations. Upon such transfer or exchange, the City will cause a new Bond or Bonds to be issued -5- in the name of the transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturing on the same date, subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to such transfer or exchange. The City and the Bond Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of receiving payment and for all other purposes, and neither the City nor the Bond Registrar shall be affected by any notice to the contrary. IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed precedent to and in the issuance of this Bond in order to make it a valid and binding general obligation of the City according to its terms have been done, do exist, have happened and have been performed in regular and due form as so required; that prior to the issuance hereof, the City has pledged and appropriated tax increments to be derived by the City from the Districts to a sinking fund established for the payment of the Bonds; that, if necessary for the payment of the principal and interest on the Bonds, the City is required by law to levy ad valorem taxes upon all taxable property within.the City without limitation as to rate or amount; and that the issuance of this Bond does not cause the indebtedness of the City to exceed any constitutional or statutory limitation. The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to the applicable laws or regulations: TEN COM -- as tenants UNIF GIFT MIN ACT..... Custodian..... in common (Cust) (Minor) TEN ENT -- as tenants by the entireties JT TEN -- as joint tenants with right of survivorship and not as tenants in common (State) under Uniform Gifts to Minors Act...................... (State) Additional abbreviations may also be used. M ASSIGNMENT - FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto the within Bond and all rights thereunder, and hereby irrevocably constitutes and appoints attorney to transfer the within Bond on the books kept for registration thereof, with full power of substitution in the premises. Dated: PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE: NOTICE:. The signatures to this assignment must correspond with the name as it appears upon the face of the within Bond in every particula.r, without alteration or any change whatsoever. Signature(s) must be guaranteed by a commercial bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges. 2.02. Form of Certificate. A certificate in substantially the following form shall appear on the reverse side of each Bond, following a copy of the text of the legal opinion of Bond Counsel: We certify that the above is a full, true and correct copy of the legal opinion rendered by Bond Counsel on the issue of Bonds of the City of Edina which includes the within Bond, dated as of the date of delivery of and payment for the Bonds. (Facsimile signature) (Facsimile signature) City Manager Mayor Section 3. Bond Terms, Execution and Delivery. 3.01. Maturities, Interest Rates, Denominations, Payment, Dating of Bonds. The City shall forthwith issue and deliver the Bonds, which shall be denominated "General Obligation Taxable Tax Increment Bonds, Series 1989." The Bonds shall be dated initially as of April 1, 1989, shall be issuable in the denomination of $5,000 or any integral multiple thereof, shall mature on February 1 in the years and amounts set forth below, and Bonds maturing in such years and amounts shall bear interest from April 1, 1989 until paid or duly called for redemption at the rates per annum shown opposite such years and amounts as follows: -7- Year Amount Rate 1995 $125,000 1996 50,000 1997 75,000 1998 125,000 1999 175,000 2000 225,000 2001 250,000 2002 275,000 2003 325,000 2004 375,000 2005 375,000 2006 400,000 2007 700,000 2008 875,000 2009 950,000 0 The Bonds shall be issuable only in fully registered form, of single maturities. The interest thereon and, upon surrender of a Bond at the principal office of the Registrar described herein, the principal amount thereof, shall be payable by check or draft issued by the Registrar. Each Bond shall be dated by the Registrar as of the date of its authentication. 3.02. Interest Payment Dates. Interest on the Bonds shall be payable on February 1 and August l.in each year, commencing August 1, 1989, to the owner of record thereof as of the close of business on the fifteenth day of the immediately preceding month, whether or not such day is a business day. 3.03. Registration. The City shall appoint, and shall maintain, a bond registrar, transfer agent and paying agent (the Registrar). The effect of registration and the rights and duties of the City and the Registrar with respect thereto shall be as follows: (a) Register. The Registrar shall keep at its principal corporate trust office a bond register in which the Registrar shall provide for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred or exchanged. (b) Transfer of Bonds. Upon surrender to the Registrar for transfer of any Bond duly endorsed by the registered owner thereof or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, the Registrar shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Bonds of a like aggregate principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding each interest payment date and until such interest payment date. (c) Exchange of Bonds. Whenever any Bond is surrendered by the registered owner for exchange, the Registrar shall authenticate and deliver one or more new Bonds of a like aggregate principal amount and maturity, as requested by the registered owner or the owner's attorney duly authorized in writing. (d) Cancellation. All Bonds surrendered upon any transfer or exchange shall be promptly cancelled by the Registrar and thereafter disposed of as directed by the City. (e) Improper or Unauthorized Transfer. When any Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the same until it is satisfied that the endorsement on such Bond or separate instrument of transfer is legally authorized. The Registrar shall incur no liability for its refusal,. in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (f). Persons Deemed Owners. The City and the Registrar may treat the person in whose name any Bond is at any time registered in the bond register as the absolute owner of such Bond, whether such Bond shall be overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on such Bond and for all other purposes, and all such payments so made to any such registered owner or upon the owner's order shall be valid and effectual to satisfy and discharge the liability of the City upon such Bond to the extent of the sum or sums so paid. (g) Taxes, Fees and Charges. For every transfer or exchange of Bonds (except for an exchange upon a partial redemption of a Bond), the Registrar may impose a charge upon the owner thereof sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to such transfer or exchange. (h) Mutilated, Lost, Stolen or Destroyed Bonds. In case any Bond shall become mutilated or be lost,_stolen or destroyed, the Registrar shall deliver a new Bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of any such mutilated Bond or in lieu of and in substitution for any such Bond lost, stolen or destroyed, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Bond lost, stolen or destroyed, upon filing with the Registrar of evidence satisfactory to it that such Bond was lost, stolen or destroyed, and of the ownership thereof, and upon furnishing to' the Registrar of an appropriate bond or indemnity in form, substance and amount satisfactory to it, in which both the City and the Registrar shall be named as obligees. All Bonds so surrendered to the Registrar shall be cancelled by it and evidence of such cancellation shall be given to the City. If the mutilated, lost, stolen or destroyed Bond has already matured or been called for redemption in accordance with its terms, it shall not be necessary to issue a new Bond prior to payment. (i) Authenticating Agent. The Registrar is hereby designated authenticating agent for the Bonds, within the meaning of Minnesota Statutes, Section 475.55, Subdivision 1. 3.04. Appointment of Initial Registrar. The City hereby appoints , of as the initial Registrar. The Mayor and the City Manager are authorized to execute and deliver, on behalf of the City, a contract with as Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust company authorized by law to conduct such business, such corporation shall be authorized to act as successor Registrar. The City agrees to pay the reasonable and customary charges of the Registrar for the services.performed. The City reserves the right to remove any Registrar upon thirty (30) days' notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar shall deliver all cash and Bonds in its possession to the successor Registrar and shall deliver the bond register to the successor Registrar. On or before each principal or interest due date, without further order of this Council, the City Manager shall transmit to the Registrar from the Bond Fund, as hereinafter defined, money sufficient for the payment of all principal and interest then due on the Bonds. 3.05. Redemption. Bonds maturing in the years 1995 through 1998 are payable on their respective stated maturity -10- dates without option of prior payment, but Bonds maturing in 1999 and later years are each subject to redemption, at the option of the City and in whole or in part, and if in part, in inverse order of'maturities and, within any maturity, in $5,000 principal amounts selected by the Registrar by lot, on February 1, 1998 and on any interest payment date thereafter at a price equal to the principal amount thereof to be redeemed plus accrued interest to the date of redemption. At least thirty days prior to the date set for redemption of any Bond, the City shall cause notice of the call for redemption to be published in a daily or weekly periodical published in a Minnesota city of the first class or its metropolitan area, which circulates throughout the state and furnishes financial news as a part of its service,.and to be mailed to the Registrar and to the registered owner of each Bond to be redeemed, but no defect in or failure to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of any Bond not affected.by such defect or failure. The notice of redemption shall specify the redemption date, redemption price, the numbers, interest rates and CUSIP numbers of the Bonds to be redeemed and the place at which the Bonds are to be surrendered for payment, which is the principal office of the Registrar. Official notice of redemption having been given as aforesaid, the Bonds-or portions thereof so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified and from and after such date (unless the City shall default in the payment of the redemption price) such Bonds or portions thereof shall cease to bear interest. In addition to the notice prescribed by the preceding paragraph, the City shall also give, or cause to be given, notice of the redemption of any Bond or Bonds or portions thereof at least 35 days before the redemption date by certified mail or telecopy to the Purchaser and all registered securities depositories then in the business of holding substantial amounts of obligations of the character of the Bonds (such depositories now being The Depository Trust Company, of Garden City, New York; Midwest Securities Trust Company, of Chicago, Illinois; Pacific Securities Depository Trust Company, of San Francisco, California; and Philadelphia Depository Trust Company, of Philadelphia, Pennsylvania) and one or more national information services that disseminate information regarding municipal bond redemptions; provided that any defect in or any failure to give any notice of redemption prescribed by this paragraph shall not affect the validity of the proceedings for the redemption of any Bond or portion thereof. -1L- Bonds in a denomination larger than $5,000 may be redeemed in part in any integral multiple of $5,000. The owner of any Bond redeemed in part shall receive, upon surrender of such Bond to the Registrar, one or more new Bonds in authorized denominations equal in principal amount to be unredeemed portion of the Bond so surrendered. 3.06. Preparation and Delivery. The Bonds shall be prepared under the direction of the City Manager and shall be executed on behalf of the City by the signatures of the Mayor and the City Manager, and shall be sealed with the official corporate seal of the City; provided that said signatures -and the corporate seal may be printed, engraved, or lithographed facsimiles thereof. In case any officer whose signature, or a facsimile of whose signature, shall appear on the Bonds shall cease to be such officer before the delivery of any Bond, such signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if such officer had remained in office until delivery. Notwithstanding such execution, no Bond shall be valid or obligatory for any purpose or entitled to any security or benefit under this Resolution unless and until a certificate of authentication on such Bond has been duly executed by the manual signature of an authorized representative of the Registrar. Certificates of authentication on different Bonds need not be signed by the same representative. The executed certificate of authenti- cation on each Bond shall be conclusive evidence that it has been authenticated and delivered under this Resolution. When the Bonds have been so executed and authenticated, they shall be delivered by the City Manager to the Purchaser upon payment of the purchase price in accordance with the contract of sale_ heretofore made and executed, and the Purchaser shall not be obligated to see to the application of the purchase price. Section 4. Security Provisions_. 4.01. Construction Fund. A Construction Fund is hereby created, as a special fund and designated on the books of the City as the "1989 Taxable Tax Increment Bonds Construction Fund" (the Construction Fund), to be held and administered by the City Finance Director - Treasurer separate and apart from all other funds of the City. The City hereby appropriates to the Construction Fund all of the proceeds received from the .sale of the Bonds, less the amount to be deposited in the Bond Fund, pursuant to Section 4.02 hereof. Moneys on hand in the Construction Fund from time to time shall be used solely to pay capital and administrative costs of the Authority and the City in connection with the Project as set forth in the Plan. Any amounts remaining in the Construction Fund upon completion or termination of the Project and payment -12 of all of the costs thereof shall be transferred to the'Bond Fund or used to pay capital and administrative costs of the Authority and the City in connection with any other development project undertaken pursuant to the Plan. 4.02. Bond Fund. A Bond Fund is hereby created, as a special fund and designated on the books of the City as the 1989 Taxable Tax Increment Bonds Bond Fund (the Bond Fund), to .be held and administered by the City Finance.Director separate and apart from all other funds of the City. The principal of and interest on the Bonds to be issued at the same time as the Bonds to pay a portion of the costs of the Project shall be payable from the Bond Fund. So long as any of the Bonds or any additional bonds issued pursuant to Section 4.04 hereof and made payable from the Bond Fund, are outstanding and any principal thereof or interest thereon unpaid, the City Finance Director shall maintain the Bond Fund, as a separate and special account to be used for the payment of the principal of, premium, if any, and interest on the Bonds, and on all other general obligation bonds now or hereafter issued by the City and made payable therefrom, to finance costs incurred by the City in accordance with the Plan in aid of the Project and any other redevelopment project to be undertaken in accordance with the Plan. The City hereby irrevocably appropriates to the Bond Fund (a) the accrued interest on the Bonds and any amount in excess of $5,210,000 bid for the Bonds and received from the Purchaser upon delivery of the Bonds, (b) the tax increments derived from the District designated by Hennepin County as No. 1203 received by the City from the Authority to pay the Bonds, (c) tax increment derived by the District designated by Hennepin County as No. 1201 received by the City from the Authority which are appropriated by the City to the Bond Fund from the Bond Fund established by the City in connection with its General Obligation Bonds, Series 1981 pursuant to Section 4.04 of a resolution adopted by the City Council on October 5, 1981 (the 1981 Bond Resolution), and (d) any other moneys appropriated or pledged by the terms of this Resolution to the Bond Fund. The City expressly reserves the right to use amounts in the Bond Fund (other than the amounts initially deposited therein upon the issuance of the Bonds) to finance or pay directly costs paid or incurred by the City pursuant to the Plan in connection with the Project and any other projects to be undertaken in accordance with the Plan. . 4.03. Full Faith and Credit Pledged. The full faith and credit and taxing power of-the City shall be and are hereby irrevocably pledged for the prompt and full payment of the principal of and interest on the Bonds. It is estimated that the tax increment from the Districts and other funds herein pledged for the payment of the Bonds will be collected in -13- amounts not less than five percent in excess of the amounts needed to meet when due the principal of and interest on the Bonds as required by Minnesota Statutes, Section 475.61. Consequently, no ad valorem taxes are now levied to pay the Bonds or the interest to come due thereon, pursuant to Minnesota Statutes, Section 469.178, subdivision 2. If the money on hand in the Bond Fund should at any time be insufficient to pay principal and interest due on all bonds payable therefrom, such amounts shall be paid from any other fund of the City and such other fund shall be reimbursed therefor when sufficient moneys are available in the Bond Fund. If on October 1 in any year the sum of the balance in the Bond Fund plus the amount of tax increment to be derived from the District is not sufficient to pay when due all principal and interest to become due on all bonds payable therefrom in the following calendar year, or the Bond Fund has incurred a deficiency in the manner provided in this Section 4.03, a direct, irrepealable, ad valorem tax shall be levied on all taxable property within the corporate limits of the City for the purpose of restoring such accumulated or anticipated deficiency in accordance with the provisions of this Resolution. 4.04. Additional Bonds . The City reserves the right to issue additional.bonds payable from the Bond Fund and tax increments to be derived from the Districts as may be required to finance costs of the Project not financed hereby or to finance costs of other projects to be undertaken in accordance with the Plan. 4.05. Additional Bonds Under 1981 Bond Resolution. Since the Bonds will be payable in part from tax increment derived the District designated by Hennepin County as No. 1201, the Bonds constitute "additional bonds" payable from the Bond , Fund established by the 1981 Bond Resolution and are authorized to be issued by Section 4.07 of the 1981 Bond Resolution. 4.06. Execution of Manager are hereby authorized of the City such documents as the pledge and appropriation Districts from the Authority Documents. The Mayor and City to execute and deliver on behalf may be appropriate to evidence of the tax increments from the to the City to pay the Bonds. Section 5. Defeasance. When any Bond has been discharged as provided in this Section 5, all pledges, covenants and other rights granted by this resolution to the holders of such.Bonds shall cease, and such Bonds shall no longer be deemed to be outstanding under this Resolution. The City may discharge its obligations with respect to any Bond which is due on any date by irrevocably depositing with the -14- Registrar on or before that date a sum sufficient for the payment thereof in full; or, if any Bond should not be paid when due, the City may nevertheless discharge its obligations with respect thereto by depositing with the Registrar a sum. sufficient for the payment thereof in full with interest accrued to the date of such deposit. The City may also discharge its obligations with respect to any prepayable Bond according to its terms, by depositing with the Registrar on or before that date a sum sufficient for the payment thereof in full provided that notice of the redemption thereof has been duly given as provided in Section 3.05. The City may also at any time discharge its obligations with respect to any Bonds, subject to the provisions of law now or hereafter authorizing and regulating such action, by depositing irrevocably in escrow, with a bank qualified by law as an escrow agent for this purpose, cash or securities which are authorized by law to be so deposited, bearing interest payable at such times and at such rates and maturing on such dates as shall be required, without reinvestment, to pay all principal and interest to become due thereon to maturity, or if notice of redemption as herein required has been duly provided for, to such earlier redemption date. Section 6. County Auditor Registration, Certification of Proceedings, Approval of Official Statement, Authorization of Certain Pavments and Combination of Maturities. 6.01. County Auditor Registration The City Clerk-is hereby authorized and directed to file a certified copy of this Resolution with the County Auditor of Hennepin County, together with such other information as the County Auditor shall require, and to obtain from said County Auditor a certificate that the Bonds have been entered on his bond register as required by law. 6.02. Certification of Proceedings. The officers of the City and the County Auditor of Hennepin County are hereby authorized and directed to prepare and furnish to the Purchaser and to Dorsey & Whitney, Bond Counsel, certified copies of all proceedings and records of the City, and such other affidavits, certificates and information as may be required to show the facts relating to the legality and marketability of the Bonds as the same appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the City as to the facts recited therein. 6.03. Official Statement. The Official Statement relating to the Bonds, dated March 1989, prepared and -15- distributed on behalf of the City by Public Financial Systems Inc., is hereby approved. The officers of the City are hereby authorized and directed to execute such certificates as may be appropriate concerning the accuracy, completeness and sufficiency of the Official Statement. Attest: Adopted by the City Council on March 20, 1989. City'Clerk BIRM Mayor r, 6' 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 said resolution was declared duly passed and adopted, and was signed by the Mayor, whose signature was attested by the City Clerk. e -17- J CERTIFICATION OF MINUTES RELATING TO $8,425,000 GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1989 Issuer: City of Edina, Minnesota Governing Body: City Council Kind, date, time and place of meeting: A regular meeting held on March 20, 1989, at 7:00 o'clock P.M., at the City Hall. Members present: Members absent: Documents Attached: Minutes of said meeting (pages): 1 through 17 RESOLUTION RELATING TO $8,425,000 GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1989; AWARDING THE SALE, FIXING THE FORM AND DETAILS, PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND THE SECURITY THEREFOR I, the undersigned, being the duly qualified and acting recording officer of the public corporation issuing the bonds referred to in the title of this certificate, certifying that the documents attached hereto, as described above, have been carefully compared with the,original records of said corporation in my legal custody, from which they have been transcribed; that said documents are a correct and complete transcript of the minutes of a meeting of the governing body of said corporation, and correct and complete copies of all resolutions and other actions taken and of all documents approved by the governing body at said meeting, so far as they relate to said bonds; and that said meeting was duly held by the governing body at the time and place and was attended throughout by the members indicated above, pursuant to call and notice of such meeting given as required by law. WITNESS my hand officially as such recording officer this day of March, 1989. Signature (Seal) Marcella M. Daehn, City Clerk Name and Title The City Clerk presented affidavits showing. publication of the Notice of Bond Sale for the $8,425,000 General Obligation Tax Increment Bonds, Series 1989 of the City in a legal newspaper having general circulation in the City, and in a daily or weekly periodical published in a Minnesota city of the first class, which circulates throughout the state and furnishes financial news as a part of its service, as required by law and as directed by a resolution of the Council adopted February 21, 1989. The affidavits were examined, found to comply with the provisions of Minnesota.Statutes, Chapter 475 and directed to be filed in the office of the City Clerk. The City Manager reported that six sealed bids for the $8,425,000 General Obligation Tax Increment Bonds, Series 1989 had been received prior to the time designated in the Notice of_ Bond Sale for the opening of bids. Pursuant to the Notice of Bond Sale and the Terms and Conditions of Sale the bids have been opened, read and tabulated, and the terms of each have been determined to be as follows: Bid for Interest Name of Bidder Principal Rates SEE ATTACHMENT Total Interest Cost -Net Average Rate Member introduced the following resolution and moved its adoption: RESOLUTION RELATING TO $8,425,000 GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1989; AWARDING THE SALE, FIXING THE FORM AND DETAILS, PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND THE SECURITY THEREFOR BE IT RESOLVED by the City Council of the City of Edina, Minnesota (the City), as follows: Section 1. Authorization and Sale. 1.01. Authorization. Pursuant to the provisions of Minnesota Statutes, Section 469.178 and Minnesota Statutes, Chapter 475, the City Council of the City has authorized the issuance and sale of its General Obligation Tax Increment Bonds, Series 1989 (the Bonds) in the principal amount of $8,425,000 for the purpose of providing funds for the payment of the public redevelopment costs needed for a redevelopment project (the Project), to be undertaken in accordance with the Southeast Edina Redevelopment Plan (the Plan), previously established by the Housing and Redevelopment Authority in and for the City of Edina (the Authority) and approved by the City. $140,000 of the principal amount of the Bonds represents interest as provided in Minnesota Statutes, Section 475.56. The Authority has established two tax increment financing districts in the area subject to the Plan, which districts have been designated by Hennepin County as No. 1201 and No. 1203 (the Districts). 1.02 Sale of Bonds. Notice of the sale of the Bonds was duly published as required by Minnesota Statutes, Section 475.60. Pursuant to the Notice of Bond Sale and the Terms and Conditions of Sale, six sealed bids for the purchase of the Bonds were received at or before the time specified for receipt of bids. The bids have been opened and publicly read and considered, and the purchase price, interest rates and net interest cost under the terms of each bid have been determined. The most favorable proposal received is that of of , and associates (the Purchaser), to purchase the Bonds at a price of $ , plus accrued interest from the date of the Bonds to the date of delivery thereof, the Bonds to bear interest at the rates set forth in Section 3.01. The proposal is hereby accepted, and the Mayor and the City Manager are hereby authorized and directed to execute a contract on the 3 part of the City for the sale of the Bonds with the Purchaser. The good faith checks of the unsuccessful bidders shall be returned forthwith. 1.03. Performance of Requirements. All acts, conditions and things which are required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed precedent to and in the valid issuance of the Bonds having been done, existing, having happened and having been performed, it is now necessary for this Council to establish the form and terms of the Bonds, to provide security therefor and to issue the Bonds forthwith. 1.04. Maturities. Pursuant to Minnesota Statutes, Section 475.54, subdivision 17, this Council hereby estimates that the tax increments from the Districts pledged herein to the payment of the Bonds are sufficient to pay when due the principal of and interest on the Bonds. Section 2. Form of Bonds. 2.01. Bond Form. The Bonds shall be prepared in substantially the following form: -2- i [Face of the Bonds] UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF HENNEPIN CITY OF EDINA GENERAL OBLIGATION TAX INCREMENT BOND SERIES 1989 No. Date of Rate Maturity Original Issue April 1, 1989 REGISTERED OWNER PRINCIPAL AMOUNT rTTCTP SEE REVERSE FOR CERTAIN DEFINITIONS DOLLARS THE CITY OF EDINA, Hennepin County, Minnesota (the City), acknowledges itself to be indebted and, for value received, hereby promises to pay to the registered owner named above, or registered assigns, the principal amount specified above, on the maturity date specified above, with interest thereon from the date of original issue specified above, or the most recent interest payment date to which interest has been paid or duly provided for, at the annual rate specified above, payable on February 1 and August 1 in each year, commencing August 1, 1989, to the person in whose name this Bond is registered at the close of business on the 15th day (whether or not a business day) of the immediately preceding month, all subject to the provisions referred to herein with respect to the redemption of the principal of this Bond before maturity. The interest hereon and, upon presentation and surrender hereof at the principal office of the Bond Registrar hereafter designated, the principal hereof, are payable in lawful money of the United States of America by check or draft of in 1 1. as Bond Registrar, Transfer Agent and Paying Agent (the Bond Registrar), or its successor designated under the Resolution described herein. Additional provisions of this Bond are contained on the reverse hereof and such provisions shall for all purposes have the same effect as though fully set forth hereon. -3- This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Resolution until the Certificate of Authentication hereon shall have been executed by the Bond Registrar by manual signature of one of its authorized representatives. IN WITNESS WHEREOF, the City of Edina, - Hennepin County, State of Minnesota, by its City Council, has caused this Bond to be executed by the facsimile signatures of the Mayor and the City Manager and by a printed facsimile of the official seal of the City and has caused this Bond to be dated as of the date set forth below. Dated of Authentication: (Facsimile Signature) (Facsimile Signature) City Manager Mayor (Facsimile Seal) CERTIFICATE OF AUTHENTICATION This is one of the Bonds delivered pursuant to the Resolution mentioned within. By as Bond Registrar Authorized Representative [Reverse of the Bonds] This Bond is one of an issue in the aggregate principal amount of $8,425,000 (the "Bonds "), issued pursuant to a resolution adopted by the City Council on February 21, 1989 (the "Resolution ") to pay the capital and administrative costs of a redevelopment project to be undertaken in accordance with the Southeast Edina Redevelopment Plan (the "Redevelopment Plan ") of the Housing and Redevelopment Authority of Edina, Minnesota (the "Authority "), which Redevelopment Plan covers certain property located in the City. The Bond is issued pursuant to and in full conformity with the provisions of the Consti.u_- i -On -,:.0 -,is the State of Minnesota thereunto enabling, including Minnesota Statutes, Section 469.178 and -4- Chapter 475. The Bonds are payable primarily from tax increments to be derived from two tax increments financing districts established by the Authority in the area subject to the Redevelopment Plan (the "Districts ") which have been pledged to the payment of the Bonds by the Resolution. In addition, for the full and prompt payment of the principal and interest on the Bonds as the same become due, the full faith, credit and taxing power of the City have been and are irrevocably pledged. The Bonds are issuable only as fully registered bonds, in denominations of $5,000 or any multiple thereof, of single maturities. Bonds maturing in'the years 1995 through 1998 are payable on their respective stated maturity dates without option of prior payment, but Bonds having stated maturity dates in the years 1999 through 2009 are each subject to redemption and prepayment, at the option of the City in whole or in part, and if in'part, in inverse order of maturities and in $5,000 principal amounts selected by lot, within any maturity, on February 1, 1998 and on any interest payment date thereafter, at a price equal to the principal amount thereof to be redeemed plus interest accrued to the date of redemption. At least thirty days prior to the date set for redemption of any Bond, notice of the call for redemption will be published in a daily or weekly periodical, published in a Minnesota city of the first class or its metropolitan area, which circulates throughout the state and furnishes financial news as a part of its service, and will be mailed to the Bond Registrar and to the registered owner of each Bond to be redeemed at his address appearing in the Bond Register, but no defect in or failure to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of any Bond. Official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified, and from and after such date (unless the City shall default in the payment of the redemption price) such Bonds or portions of Bonds shall cease to bear interest. Upon partial redemption of any Bond, a new Bond or Bonds will be delivered to the registered owner without charge, representing the remaining principal amount outstanding. As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books of the City at the principal office of the Bond Registrar, by the registered owner hereof in person or by his attorney duly authorized in writing upon surrender hereof together with a written instrument of transfer satisfactory to the Bond Registrar, duly executed by the registered owner or his attorney; and may also be surrendered in exchange for Bonds of other authorized denominations. Upon such transfer or exchange., the City will cause a new Bond or Bonds to be issued -5- in the name of the transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturing on the same date, subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to such transfer or exchange. The City and the Bond Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of receiving payment and for all other purposes, and neither the City nor the Bond Registrar shall be affected by any notice to the contrary. IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed precedent to and in the issuance of this Bond in order to make it a valid and binding general obligation of the City according to its terms have been done, do exist, have happened and have been performed in regular and due form as so required; that prior to the issuance hereof, the City has pledged and appropriated tax increments to be derived by the City from the Districts to a sinking fund established for the payment of the Bonds; that, if necessary for the payment of principal and interest on the Bonds, ad valorem taxes are required to be levied upon all taxable property in the City, which levy is not limited as to rate or amount; and that the issuance of this Bond does not cause the indebtedness of the City to exceed any constitutional or statutory limitation. The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to the applicable laws or regulations: TEN COM -- as tenants UNIF GIFT MIN ACT..... Custodian..... in common (Cust) (Minor) TEN ENT -- as tenants by the entireties under Uniform Gifts to JT -EN -- as joint tenants Minors with right of survivorship and Act ................... .. not as tenants in (State) common Additional abbreviations may also be used. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto the within Bond and all rights thereunder, irrevocably constitutes and appoints and hereby attorney to transfer the within Bond on the books kept for registration thereof, with full power of substitution in the premises. Dated: PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE: J NOTICE:. The signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatsoever. Signature(s) must be guaranteed by a commercial bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges. 2.02. Form of Certificate. A certificate in substantially the following form shall appear on the reverse side of each Bond, following a copy of the text of the legal opinion of Bond Counsel:, We certify that the above is a full, true and correct copy of the legal opinion rendered by Bond Counsel on the issue of Bonds of the City,of Edina which includes the within Bond, dated as of the date of delivery of and payment for the Bonds. (Facsimile signature) (Facsimile signature) City Manager Mayor Section 1. Bond Terms, Execution and Delivery. 3.01. Maturities,'Interest Rates, Denominations, Payment, and Dating of Bonds. The City shall forthwith issue and deliver the Bonds, which shall be denominated "General Obligation Tax Increment Bonds, Series 1989." The Bonds shall be issuable in the denomination of $5,000 each or any integral multiple thereof, shall mature on February 1 in the years and amounts set forth below, and Bonds maturing in such years and amounts shall bear interest from date of issue until paid or duly called for redemption at the rates per annum shown opposite such years and amounts as follows: -7- Year Amount 1995 $225,000 1996 75,000 1997 125,000 1998 200,000 1999 275,000 2000 350,000 2001 375,000 2002 450,000 Rate Year Amount % 2003 $ 500,000 2004 575,000 2005 600,000 2006 700,000 2007 1,100,000 2008 1,375,000 2009 1,500,000 Rate 0 The Bonds shall be issuable only in fully registered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof, shall be payable by check or draft issued by the Registrar described herein. Each Bond shall be dated as of its date of initial authentication. 3.02. Interest Payment Dates. Interest on the Bonds shall be payable on February 1 and August 1 in each year, commencing August 1, 1989, to the owner of record thereof as of the close of business on the fifteenth day of the immediately preceding month, whether or not such day is a business day. 3.03. Registration. The City shall appoint, and shall maintain, a bond registrar, transfer agent and paying agent (the Registrar). The effect of registration and the rights and duties of the City and the Registrar with respect thereto shall be as follows': (a) Register. The Registrar shall keep at its principal corporate trust office a bond register in which the Registrar shall provide for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred or exchanged. (b) Transfer of Bonds. Upon surrender to the Registrar for transfer of any Bond duly endorsed by the registered owner thereof or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, the Registrar shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Bonds of a like aggregate principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding each interest payment date and until such interest payment date. (c) Exchange of Bonds. Whenever any Bond is surrendered by the registered owner for exchange, the Registrar shall authenticate and deliver one or more new Bonds of a like aggregate principal amount and maturity, as requested by the registered, owner or the owner's attorney duly authorized in writing. (d) Cancellation. All Bonds surrendered upon any transfer or exchange shall be promptly,cancelled by the Registrar and thereafter disposed of as directed by the City.. (e) Improper or Unauthorized Transfer. When any Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the same until it is satisfied that the endorsement on'such Bond or separate instrument of transfer is legally authorized. The Registrar shall incur no liability for its refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (f) Persons Deemed Owners. The City and the Registrar may treat the person in whose name any Bond is at any time registered in the bond register as the absolute owner of such Bond, whether such Bond shall be overdue or not, for the purpose of receiving payment of, or on account of, 'the principal of and interest on such Bond and for all other purposes, and all such payments so made to any such.: registered owner or upon the owner's order shall be valid and effectual to satisfy and discharge the liability of the City upon such Bond to the extent of the sum or sums so paid. (g) Taxes, Fees and Charges. For every transfer or exchange of Bonds (except for an exchange upon a partial redemption of a Bond), the Registrar may impose a charge upon the owner thereof sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to such transfer or exchange. (h) Mutilated, Lost, Stolen or Destroyed Bonds. In case any Bond shall become mutilated or be lost, stolen or destroyed, the Registrar shall deliver a new Bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of any such mutilated Bond or in lieu of and in substitution for any such Bond lost, stolen or destroyed, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Bond lost, stolen or destroyed, upon filing with the Registrar of evidence satisfactory to it that such Bond was lost, stolen or destroyed, and of the ownership thereof, and upon furnishing.to the Registrar of an appropriate bond or indemnity in form, substance and amount satisfactory to it, in which both the City and the Registrar shall be named as obligees. Ali Bonds so surrendered to the Registrar shall be cancelled by it and evidence of such cancellation shall be given to the City. If the mutilated, lost, stolen or destroyed Bond has already matured or been called for redemption in accordance with its terms, it shall not be necessary to issue a new Bond prior to payment. (i) Authenticating Agent. The Registrar is hereby designated authenticating agent for the Bonds, within the meaning of Minnesota Statutes, Section 475.55, subdivision 1. 3.04. Appointment of Initial Registrar. -The City hereby appoints as the initial Registrar. The Mayor and the City Manager are authorized to execute and deliver, on behalf of the City, a contract with , as Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust company authorized by law to conduct such business, such corporation shall be authorized to act as successor Registrar. The City agrees to pay the reasonable and customary charges of the Registrar for the services performed. The City reserves the right to remove any Registrar upon thirty (30) days' notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar shall deliver all cash and Bonds in its possession to the successor Registrar and shall deliver the bond register to the successor Registrar. On or before each principal or interest due date, without further order of this Council, the City Finance Director shall transmit to the Registrar from the Bond Fund, moneys sufficient for the payment of all principal and interest then due. 3.05. Redemption. Bonds maturing in the years 1995 through 1998. shall not be subject -to redemption prior to maturity, but Bonds maturing in the years 1999 through 2009 shall each be subject to redemption and prepayment, at the option of the City, in whole or in part, and if in part, in inverse order of maturities and, within any maturity, in $5.,000 principal amounts selected by the Registrar by lot, on February 1, 1998 and on any interest payment date thereafter at a price equal ,to the principal amount thereof to be redeemed plus interest accrued to the date of redemption. At least thirty days prior to the date set for redemption of any Bond, =iE the City Manager shall cause notice of the call for redemption to be published in a daily or weekly periodical published in a Minnesota city of the first class or its metropolitan area, which circulates throughout the state and furnishes financial news as a part of its service, and to be mailed to the Registrar and to the registered owner of each•Bond to be redeemed, but no defect in or failure to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of any Bond not affected by such defect or failure. The notice of redemption shall specify the redemption date, redemption price, the numbers, interest rates and CUSIP numbers of the Bonds to be redeemed and the place at which the Bonds are to be surrendered for payment, which is the principal office of the Registrar. Official notice of redemption having been given as aforesaid, the Bonds or portions thereof so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified and from and after such date (unless the City shall default in the payment of the redemption price) such Bonds or portions thereof shall cease to bear interest. In addition to the notice prescribed by the preceding paragraph, the City shall also give, or cause to be given, notice of the redemption of any Bond or Bonds or portions thereof at least 35 days before the redemption date by certified mail or telecopy to the Purchaser and all registered securities depositories then in the business of "hol-d -irig— substantial amounts of obligations of the character of the Bonds (such depositories now being The Depository Trust Company, of Garden City, New York; Midwest Securities Trust Company, of Chicago, Illinois; Pacific Securities Depository Trust Company, of San Francisco, California; and Philadelphia Depository Trust Company, of Philadelphia, Pennsylvania) and one or more national information services that disseminate information regarding municipal bond redemptions; provided that any defect in or any failure to give any notice of redemption prescribed by this paragraph shall not affect the validity of the proceedings for the redemption of any Bond or portion thereof. Bonds in a denomination larger than $5,000 may be redeemed in part in any integral multiple of $5,000. The owner of any Bond redeemed in part shall receive, upon surrender of such Bond to the Registrar, one or more new Bonds in authorized denominations equal in principal amount to be unredeemed portion of the Bond so surrendered. 3.06. Preparation and Delivery. The Bonds shall be prepared under the direction of the City Manager and shall be executed on behalf of the City by the signatures of the Mayor and the City Manager, and shall be sealed with the official -11- corporate seal of the City; provided that said signatures and the corporate seal may be printed, engraved, or lithographed facsimiles thereof. In case any officer whose signature, or a facsimile of whose signature, shall appear on the Bonds shall cease to be such officer before the delivery of any Bond, such signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if such officer had remained in office until delivery. Notwithstanding such execution, no Bond shall be valid or obligatory for any purpose or entitled to any security or benefit under this resolution unless and until a certificate of authentication on such Bond has been duly executed by the manual signature of an authorized representative of the Registrar. Certificates of authentication on different Bonds need not be signed by the same representative. The executed certificate of authenti- cation on each Bond shall be conclusive evidence that it has been authenticated and delivered under this resolution. When the Bonds have been so executed and authenticated, they shall be delivered by the City Manager to the purchaser thereof upon payment of the purchase price in accordance with the contract of sale heretofore made and executed, and the purchaser shall not be obligated to see to the application of the purchase price. \ Section 4. Security Provisions. 4.01. Construction Fund. A Construction Fund is hereby created, as a special fund and designated on the books of the City as the "1989 Tax Exempt Tax Increment Bonds Construction Fund" (the Construction Fund), to be held and administered by the City Finance Director separate and apart from all other funds of the City. The City hereby appropriates to the Construction Fund all of the proceeds received from the sale of the Bonds, less the amount to be deposited in the Bond Fund, pursuant to Section 4.02 hereof. Moneys on hand in the Construction Fund from time to time shall be used solely to pay capital and administrative costs of the Authority and the City in connection with the Project as set forth in the Plan. Any amounts remaining in the Construction Fund upon completion of the Project and payment of all of the costs thereof shall be ,transferred to the Bond Fund or used to pay capital and administrative costs of the Authority and the City in connection with any other redevelopment project undertaken pursuant to the Plan. 4.02. Bond Fund. A Bond Fund is hereby created, as a special fund and designated on the books of the City as the 1989 Tax Exempt Tax Increment Bonds Bond Fund (the "Bond Fund "), to be held and administered by the City Finance Director separate and apart from all other funds of the City. -12- The principal of and interest on the Bonds to be issued at the same time as the Bonds to pay a portion of the costs of the Project-shall be payable from the Bond Fund. So long as any of the Bonds or any additional bonds issued pursuant to Section 4.04 hereof and made payable from the Bond Fund, are outstanding and any principal thereof or interest thereon unpaid, the City Finance Director shall maintain the Bond Fund, as a separate and special account to be used for the payment of the principal of, premium, if any, and interest.on the Bonds, and on all other general obligation bonds now or hereafter issued by the City and made payable therefrom, to finance costs incurred by the City in accordance with the Plan in aid of the Project and any other redevelopment project to be undertaken in accordance with the Plan. The City hereby irrevocably appropriates to the Bond Fund (a) the accrued interest on the Bonds and any amount in excess of $8,285,000 bid for the Bonds and received from the Purchaser upon delivery of the Bonds, (b) the tax increments derived from the District designated by Hennepin County as No. 1203 received by the City from the Authority to pay the Bonds, (c) tax increment derived by the District designated by Hennepin County as No. 1201 which are appropriated by the City to the Bond Fund from the Bond Fund established by the City in connection with its General Obligation Bonds, Series 1981 pursuant to Section 4.04 of a resolution adopted by the City Council on October 5, 1981 (the 1981 Bond Resolution), and (d) any other moneys appropriated or pledged by the terms of this Resolution to the Bond Fund. The City expressly reserves the right to use amounts in the Bond Fund (other than the amounts initially deposited therein upon the issuance of the Bonds)_ to finance or pay directly costs paid or incurred by the City pursuant to the Plan in connection with the Project and any other projects to be undertaken in accordance with the Plan. 4.03. Full Faith and Credit Pledged. The full faith and credit and taxing'power'of the City shall be and are hereby irrevocably pledged for the prompt and full payment of the principal of and interest on the Bonds. It is estimated that the tax increment from the Districts and other funds herein pledged for the payment of the Bonds will be collected in amounts not less than five percent in excess of the amounts needed to meet when due the principal of and interest on the Bonds as required by'Minnesota Statutes, Section 475.61. Consequently, no ad valorem -taxes are now levied to pay the Bonds or the interest to come due thereon, pursuant to Minnesota Statutes, Section 469.178, subdivision 2. If the money on hand in the Bond Fund should at any time be insufficient to pay principal and interest due on all bonds payable therefrom, such amounts shall be paid from any other fund of the City and such other fund shall be reimbursed -13- therefor when sufficient moneys are available in the Bond Fund. If on October 1 in any year the sum of the balance in the Bond Fund plus the amount of tax increment to be derived from the District is not sufficient to pay when due all principal and interest to become due on all bonds payable therefrom in the following calendar year, or the Bond Fund has incurred a deficiency in the manner provided in this Section 4.03, a direct, irrepealable, ad valorem tax shall be levied on all taxable property within the corporate limits of the City for the purpose of restoring such accumulated or anticipated deficiency in accordance with the provisions of this Resolution. 4.04. Additional Bonds. The City reserves the right to issue additional bonds payable from the Bond Fund and tax increments to be derived from the Districts as may be required to finance costs of the Project not financed hereby or to finance costs of other projects to be undertaken in accordance with the Redevelopment Plan. 4.05. Additional Bonds Under 1981 Bond Resolution. Since the Bonds will be payable in part from tax increment derived the District designated by Hennepin County as No. 1201, the Bonds constitute "additional bonds" payable from the Bond Fund established by the 1981 Bond Resolution and are authorized to be issued by Section 4.07 of the 1981 Bond Resolution. 4.06. Execution of Manager are hereby authorized of the City such documents as the pledge and appropriation Districts by the Authority to Documents. The Mayor and City to execute and deliver on behalf may be appropriate to evidence of the tax increments from the City to pay the Bonds. Section 5. Defeasance. When any Bond has been discharged as provided in this section, all pledges, covenants and other rights granted by this resolution to the holders of such Bonds shall cease, and such Bonds shall no longer be deemed to be outstanding under this Resolution. The City may discharge its obligations with respect to any Bond thereto which are due on any date by depositing with the paying agent on or before that date a sum sufficient for the payment thereof in full; or, if any Bond should not be paid when due, it may nevertheless be discharged by depositing with the paying agent a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. The City may also discharge its obligations with respect to any prepayable Bond according to its terms, by depositing with the paying agent on or before that date an amount equal to the principal, interest and redemption premium, if any, which are then due, provided that notice of such redemption has been duly given as provided -14- herein. The City may also at any time discharge its obligations with respect to any Bonds, subject to the provisions of law now or hereafter authorizing and regulating such action, by depositing irrevocably in escrow, with a bank qualified by law as an escrow agent for this purpose, cash or securities which are authorized by law to be so deposited, bearing interest payable at such times and at such rates and maturing on such dates as shall be required to pay all .principal, interest and redemption premiums to become due thereon to maturity or said redemption date. Section 6. County Auditor Registration, Certification of Proceedings, Investment of Moneys, Arbitrage, Designation of Bonds as Qualified Tax Exempt Obligations and Official_ Statement. 6.01. County Auditor Registration. The City Clerk is hereby authorized and directed to file a certified copy of this resolution with the County Auditor of Hennepin County, together with such other information as the County Auditor shall require, and to.obtain from said County Auditor a certificate that the Bonds have been entered on his bond register as required by law. 6.02. Certification of Proceedings. The officers. of the City and the County Auditor of Hennepin County are hereby authorized and directed to prepare and furnish to the purchaser of the Bonds and to Dorsey & Whitney, Bond Counsel, certified._. copies of all proceedings and records of the City, and such other affidavits, certificates and information as may be required to show the facts relating to the legality and marketability of the Bonds as the same appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the City'as to the facts recited therein. 6.03. Tax Covenant. The City covenants and agrees with the holders from time to time of the Bonds that it will not take or permit to be taken by any of its officers, employees or agents any action which would cause the interest on the Bonds to become subject to taxation under the Internal Revenue Code of 1986, as amended (the Code)., and the Treasury Regulations promulgated thereunder (the Regul:;:ions), and covenants to take any and all actions within i�_s powers to ensure that the interest on the Bonds will not become subject to taxation under the Code and the Regulations. The City will cause to be filed with the Secretary of Treasury an information reporting statement in the form and at the time prescribed by the Code. -15- 6.04. Arbitrage Certification. The Mayor and City Manager, being the officers of the City charged with the responsibility for issuing the Bonds pursuant to this resolution, are authorized and directed to execute and deliver to the purchaser thereof a certificate in accordance with the provisions of Section 148 of the Code, and Sections 1.103 -13, 1.103 -14 and 1.103 -15 of the Regulations, stating the facts, estimates and circumstances in existence on the date of issue and delivery of the Bonds which make it reasonable to expect that the proceeds of the Bonds will not be used in a manner that would cause the Bonds to be arbitrage bonds within the meaning of the Code and Regulations. 6.05 Compliance With Rebate Requirement. The City will not use the proceeds of the Bonds in such a manner as to cause the Bonds to be "arbitrage bonds" within the meaning of Section 148 of the Code and applicable Regulations; to this end, the City shall: (i) maintain records identifying all "gross proceeds" (as. defined in Section 148(f)(6)(B) of the Code) attributable to the Bonds, the yield at which ` such gross proceeds are invested, any arbitrage profit derived therefrom (earnings in excess of the yield on the Bonds) and any earnings derived from the investment of such arbitrage profit; (ii) make, or cause to be made as of the anniversary date of the issuance of the Bonds, the annual determinations of the amount, if any, of excess arbitrage required to be paid to the United States.by the City (the Rebate Amount); (iii) pay, or cause to be paid, to the United States at least once every five Bond Years the amount, if any, which is required to be paid to the United States, including the last installment which shall be made no later than 60 days after the day on which the Bonds are paid in full; and (iv) retain all records of the annual determination of the foregoing amounts until six (6) years after.the Bonds have been fully paid. .In order to comply with the foregoing requirements, the City Finance Director shall determine the Rebate Amount within 30 days of each anniversary date of the issuance of the Bonds and upon payment in full :)f the Bonds and shall deposit such Rebate Amount in a separate account and shall separately account for the earnings from the investment of the Rebate -16- Amount. In the event the foregoing requirements conflict with the requirements of the Regulations promulgated under Section -148(f) of the Code, the rquirements of such Regulations shall be controlling. 6.06. Official Statement. The Official Statement, dated as of March 1 1989, relating to the Bonds prepared and distributed by Public Financial Systems, Inc., the financial consultant for the City, is hereby approved, and the officers of the City are authorized in connection with the delivery of the Bonds to sign such certificates as may be necessary with respect to the completeness and accuracy of the Official Statement. Attest: Adopted by the City Council on March 20, 1989. City Clerk -17- Mayor e r 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 said resolution was declared duly passed and adopted, and was signed by the Mayor, whose signature was attested by the City Clerk. WO CERTIFICATION OF MINUTES RELATING TO $1,760,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1989 Issuer: City of Edina, Minnesota Governing body: City Council Kind, date, time and place of-meeting: A regular meeting held on March 20, 1989, at 7:00 o'clock P.M., at the City Hall. Members present: Members absent: Documents attached: Minutes of said meeting (including): RESOLUTION RELATING TO $1,760,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1989; AWARDING THE SALE, FIXING THE FORM AND DETAILS AND PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND SECURITY THEREFOR I, the undersigned, being the duly qualified and acting recording officer of the public corporation issuing the obligations referred to in the title of this certificate, certify that the documents attached hereto, as described above, have been carefully compared with the original records of the corporation in my legal custody, from which they have been transcribed; that the documents are a correct and complete transcript of the minutes of a meeting of the governing body of the corporation, and correct and complete copies of all resolutions and other actions taken and of all documents approved by the governing body at the meeting, insofar as they relate to the obligations; and that the meeting was duly held by the governing body at the time and place and was attended throughout by the members indicated above, pursuant to call and notice given as required by law. WITNESS my hand officially as such recording officer this day of March,'1989. Marcella M. Daehn, City Clerk The City Clerk presented affidavits showing publication in a legal newspaper having general circulation in the City, and in a daily or weekly periodical published in a Minnesota city of the first class, which circulates throughout the state and furnishes financial news as a part of its service, of the notice of sale of $1,760,000. General Obligation Improvement Bonds, Series 1989 of the City, bids for which are to be considered at this meeting as provided by the resolution of the City Council adopted February 21, 1989. The affidavits were examined and approved and ordered placed on file in the office of the City Clerk. It was reported that sealed bids for the • purchase of said Bonds had been received from the following institutions at or before the time stated in the notice, and the bids were then publicly read and considered, and were all found to conform to the notice of sale and the terms and conditions of sale and to be accompanied by the required security, and the purchase price, interest rates and net interest cost under the terms of each bid were found.to be as follows: Bidder Purchase Price .Interest Rates Net Interest Cost See Attached Member then introduced the following resolution and moved its adoption: RESOLUTION.RELATING TO $1,760,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1989; AWARDING THE SALE, FIXING THE FORM AND DETAILS AND PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND SECURITY THEREFOR BE IT RESOLVED by the City Council of the City of Edina, Minnesota (the City), as follows: Section 1. Recitals, Authorization and Sale of Bonds. 1.01. Authorization. This Council has heretofore ordered various improvements for the Centennial Lakes Redevelopment Project in the City (the Improvements), to be constructed under and pursuant to Minnesota Statutes, Chapters 475 and 429. This Council hereby determines to issue and sell $1,760,000 principal amount of General Obligation Improvement Bonds, Series 1989, of the City (the Bonds) to defray the expense incurred and estimated to be incurred by the City in making the Improvements, including every item of cost of the kinds authorized in Minnesota Statutes, Section 475.65, and $20,000 representing interest as provided in Minnesota Statutes, Section 475.56. 1.02. Sale of Bonds. Notice of the sale of the Bonds was duly published as required by Minnesota Statutes, Section 475.60. Pursuant to the Notice of Bond Sale and the Terms and Conditions of Sale, sealed bids for.the purchase of the Bonds were received at or before the time specified for receipt of bids. The bids have been opened and publicly read and considered, and the purchase price, interest rates and net interest cost under the terms of each bid have been determined. The most favorable proposal received is that of of (the Purchaser), to purchase the Bonds at a price of $ , the Bonds to bear interest at the rates set forth in Section 3.01. The proposal is hereby accepted, and the Mayor and the City Manager are hereby authorized and directed to execute a contract on the part of the City for the sale of the Bonds with the Purchaser. The good faith checks of the unsuccessful bidders shall be returned forthwith. 1.03. Performance of Requirements. All acts, conditions and things which are required by the Constitution and laws of the State of Minnesota to be done, to.exist, to happen and to be performed precedent to and in the valid issuance of the Bonds having been done, existing, having happened and having been performed, it is now necessary for this Council to establish the form and terms of the Bonds, to provide security therefor and to issue the Bonds forthwith. 1.04. Maturities. This Council finds and determines that the maturities of the Bonds, as set forth in Section 3.01 hereof, are warranted by the anticipated collection of the special assessments levied and to be levied for the cost of the Improvements. Section 2. Form of Bonds. Section 2.01. Bond Form. .The Bonds shall be prepared in substantially the following form: -2- [Face of the Bonds] UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF HENNEPIN CITY OF EDINA GENERAL OBLIGATION IMPROVEMENT BONDS SERIES 1989 Interest Rate REGISTERED OWNER: PRINCIPAL AMOUNT: Date of Maturity Original Issue April 1, 1989 CUSIP SEE REVERSE FOR CERTAIN DEFINITIONS DOLLARS THE CITY OF EDINA, Hennepin County, Minnesota (the City), acknowledges itself to be indebted and, for value received, hereby promises to pay to the registered owner named above, or registered assigns, the principal amount specified above, on the maturity date specified above, with interest thereon from the date of original issue specified above, or from the most recent interest payment date to which interest has been paid or duly provided for, at the annual rate specified above. Interest hereon is payable on February 1 and August 1 in each year, commencing August 1, 1989, to the person in whose name this Bond is registered at the close of business on the 15th day (whether or not a business day) of the immediately preceding month, all subject to the provisions referred to herein with respect to the redemption of the principal of this Bond before maturity. The interest hereon and, upon presentation and surrender hereof at the principal office of the Bond Registrar hereinafter designated, the principal hereof, are payable in lawful money of the United States of America by check or draft of in I , as Bond Registrar, Transfer Agent and Paying Agent (the Bond Registrar), or its successor designated under the Resolution described herein. . -3- Additional provisions of this Bond are contained on the reverse hereof and such provisions shall for all purposes have the same effect as though fully set forth hereon. This Bond shall not be valid or become obligatory fore any purpose or be entitled to any security or benefit under the Resolution until the Certificate of Authentication hereon shall have been executed by the Bond Registrar by the manual signature of one of its authorized representatives. IN WITNESS WHEREOF, the City of Edina, Hennepin County, Minnesota, by its City Council, has caused this Bond to be executed by the facsimile signatures of the Mayor and the City Clerk and by a printed facsimile of the official seal of the City and has caused this Bond to be dated as of the date set forth below. (Facsimile Signature) (Facsimile Signature) City Manager Mayor (Facsimile Seal) Date of Authentication: CERTIFICATE OF AUTHENTICATION This is one of the Bonds delivered pursuant to the Resolution mentioned within. as Bond Registrar By . Authorized Representative (Reverse of the Bonds) - This Bond is one of an issue in the aggregate principal amount of $1,760,000 (the Bonds), issued pursuant to a resolution adopted by the City Council on March 2.0, 1989 (the Resolution), for the purpose of financing the costs of improvements in the City (the Improvements), and is issued pursuant to and in full conformity with the provisions of the the Constitution and laws of the State of Minnesota thereunto enabling, including Minnesota Statutes, Chapters 429 and 475. The Bonds are payable primarily from the 1989 Improvement Bond Fund (the Fund) of the City. In addition, for the full and prompt payment of the principal and interest on the Bonds as the same become due, the full faith, credit and taxing power of the City have been and are hereby irrevocably pledged. The Bonds are issuable only as fully registered bonds in denominations of $5,000 or any multiple thereof, of single maturities. Bonds maturing in the years 1992 through 1995 are payable on their respective stated maturity dates without option of prior payment, but Bonds having stated maturity dates in 1996 and later years are each subject to redemption and prepayment, at the option of the City and in whole or in part, and if in part, in inverse order of maturities and in $5,000 principal amounts selected by lot within a maturity, on February 1, 1995 and on any interest payment date thereafter., . at a price equal to the principal amount thereof to be redeemed plus accrued interest to the date of redemption. At least thirty days prior to the date set for redemption of any Bond, notice of the call for redemption will be published in a daily or weekly periodical, published in a Minnesota city of the first class or its metropolitan area, which circulates. throughout the state and furnishes financial news as a part of its service, and will be mailed to the Bond Registrar and to -the registered owner of each Bond to be redeemed at his address appearing in the Bond Register, but no defect in or failure to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of any Bond. Official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified, and from and after such date (unless the City shall default in the payment of the redemption price) such Bonds or portions of Bonds shall cease to bear interest. Upon partial, redemption of any Bond, a new Bond or Bonds will be delivered to the registered owner without charge, representing the remaining principal amount outstanding. -5- As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books of the City at the principal office of the Bond Registrar, by the registered owner hereof in person or by his attorney duly authorized in writing upon surrender hereof together with a written instrument of transfer satisfactory to the Bond Registrar, duly executed by the registered owner or his attorney; and may also be surrendered in exchange for Bonds of other authorized denominations. Upon such transfer or exchange, the City will cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturing on the same date, subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to such transfer or exchange. The City and the Bond Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of receiving payment and for all other purposes, and neither the City nor the Bond Registrar shall be affected by any notice to the contrary. IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed precedent to and in the issuance of this Bond in order to make this Bond a valid and binding general obligation of the City according to its terms, have been done, do exist, have happened and have been performed in regular and due form as so required; that prior to the issuance hereof the City has levied or agreed to levy special assessments on property specially benefited by the Improvements and ad valorem taxes on all taxable property in the City', collectible in the years and amounts required to produce sums not less than 5% in excess of the principal of and interest on the Bonds as such principal and interest respectively become due, and has appropriated the same to the Fund in the manner specified in Minnesota Statutes, Section 429.091, Subdivision 4; that, to take care of any accumulated or anticipated deficiency in the Fund, additional ad valorem taxes are required by law to be levied upon all taxable property in the City without limitation as to rate or amount; and that the issuance of this Bond does not cause the indebtedness of the City to exceed any constitutional or statutory limitation. Ll - The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM -- as tenants UNIF GIFT MIN ACT..... Custodian..... in common (Cust) (Minor) TEN ENT -- as tenants by the entireties under Uniform Gifts to JT TEN -- as joint tenants Minors with right of survivorship and Act ...................... not as tenants in (State) common Additional abbreviations may also be used. -7- ASSIGNMENT - FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto the within Bond and all rights thereunder, irrevocably constitutes and appoints attorney to transfer the within Bond on the books kept for registration thereof, with full power of substitution in the premises. and hereby Dated: PLEASE INSERT SOCIAL SECURITY OR OTHER NOTICE: The signature(s) to IDENTIFYING NUMBER this assignment must correspond OF ASSIGNEE: with the name as it appears upon the face of the within Bond in every particular, without alteration, enlargement or any change whatsoever. Signature(s) must be guaranteed by a com- mercial bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges. 2.02. Form of Certificate. A certificate in substantially the following form shall appear on the reverse side of each Bond, following a copy of the text of the legal opinion of Bond Counsel: We certify that the above is a full, true and correct copy of the legal opinion rendered by Bond Counsel on the issue of Bonds of the City of Edina, Minnesota, which includes the within Bond, dated as of the date of delivery of and payment for the Bonds. (Facsimile Signature) (Facsimile Signature) City Manager Mayor Section 3. Bond Terms, Execution and Delivery. 3.01. Maturities, Interest Rates, Denominations, Payment, Dating of Bonds. The City shall forthwith issue and deliver the Bonds, which shall be denominated "General Obligation Improvement Bonds, Series 1989" and shall be payable primarily from the 1989 General Obligation Improvement Bond Fund of the City created in Section 4.02. The Bonds shall be dated initially as of April denominations of $5,000 or mature on February 1 in the and Bonds maturing in such interest from date of issue redemption at the rates per and amounts as follows: 1, 1989, shall be issuable in the any integral multiple thereof, shall years and amounts set forth below, years and amounts shall bear until paid or duly called for annum set forth opposite such years Year Amount Rate Year Amount Rate 1992 $180,000 1997 $175,000 1993 180,000 1998 175,000 1994 180,000 1999 175,000 1995 175,000 2000 175,000 1996 175,000 2001 170,000 The Bonds shall be issuable only.in fully registered form. The interest thereon and, upon surrender of a Bond at the principal office of the Registrar described herein, the principal amount thereof, shall be payable by check or draft issued by the Registrar described herein. Each Bond shall be dated as of the date of authentication. 3.02. Interest Payment Dates. Interest on the Bonds shall be payable on February 1 and August 1 in each year, commencing August 1, 1989, to the owner of record thereof as of the close of business on the fifteenth day of the immediately preceding month, whether or not such day is a business day. 3.03. Registration. The City shall appoint, and shall maintain, a bond registrar, transfer agent and paying agent (the Registrar). The effect of registration and the rights and duties of the City and the Registrar with respect thereto shall be as follows: (a) Register. The Registrar shall keep at its principal corporate trust office a bond register in which the Registrar shall provide for the registration of ownership of Bonds and the registration of transfers and .exchanges of Bonds entitled to be registered, transferred or exchanged. (b) Transfer of Bonds. Upon surrender to the Registrar for.transfer of any Bond duly endorsed.by the registered owner thereof or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, the Registrar shall authenticate and deliver, i'n the name of the designated transferee or transferees, one or more new Bonds of a like aggregate principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding each interest payment date and until such interest payment date. (c) Exchange of Bonds. Whenever any Bond is surrendered by the registered owner for exchange, the Registrar shall authenticate and deliver one or more new Bonds of a like aggregate principal amount, interest rate and maturity, as requested by the registered owner or the owner's attorney duly authorized in-writing. (d) Cancellation. All Bonds surrendered upon any transfer or exchange shall be promptly cancelled by the Registrar and thereafter disposed of as directed by the City. (e) Improper or Unauthorized Transfer. When any Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the same until it is satisfied that. the endorsement on such Bond or separate instrument of transfer is valid and genuine and that the requested transfer is legally authorized. The Registrar shall incur no liability for its refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (f) Persons Deemed Owners. The City and the Registrar may treat the person in whose name any Bond is at any time registered in the bond register as the absolute owner of such'Bond, whether such Bond shall be overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on such Bond and for all other purposes, and all such payments so made to any such registered owner or upon the owner's order shall be valid and effectual to satisfy and discharge the liability of the .City upon such Bond to the extent of the sum or sums so paid. (g) Taxes, Fees and Charges. For every transfer or exchange of Bonds (except for an exchange upon a partial redemption of a Bond), the Registrar may impose a charge upon the owner thereof sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to such transfer or exchange. IKiIM (h) Mutilated, Lost, Stolen or Destroyed Bonds. In case any Bond shall become mutilated or be lost, stolen or destroyed, the Registrar shall deliver a new Bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of any such mutilated-Bond or in lieu of and in substitution for any such Bond lost, stolen or destroyed, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Bond lost, stolen or destroyed, upon receipt by the Registrar of evidence satisfactory to it that such Bond was lost, stolen or destroyed, and of the ownership thereof, and upon receipt by the Registrar of an appropriate bond or indemnity in form, substance and amount_ satisfactory to it, in which both the City and the Registrar shall be named as obligees. All Bonds so surrendered to the Registrar shall be cancelled by it and evidence of such cancellation shall be given to the City. If the mutilated, lost, stolen or destroyed Bond has already matured or been called for redemption in accordance with -its terms, it shall not be necessary to issue a new Bond prior to payment. (i) Authenticating Agent. The Registrar is hereby designated authenticating agent for the Bonds, within the meaning of Minnesota Statutes, Section 475.55, Subdivision 1. 3.04. Appointment of Initial Registrar. hereby appoints The City of I , as the initial Registrar. The Mayor and the City Manager are authorized to execute and deliver, on behalf of the City, a contract with as Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust company authorized by law to conduct such business, such corporation shall be authorized to act as successor Registrar. The City agrees to pay the reasonable and customary charges of the Registrar for the services performed. The City reserves the right to remove any Registrar upon thirty (30) days' notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar shall deliver all cash and Bonds in its possession to the successor Registrar and shall deliver the bond register to the successor Registrar. On or before each principal or interest due date, without further order of this Council, the City Finance Director shall transmit to the Registrar, from the 1989 Improvement Bond Fund, moneys sufficient for the payment of all principal and interest then due. -11- 3.05. Redemption. Bonds maturing in the years 1992 through 1995 are payable on their respective stated maturity dates without option of prior payment, but Bonds maturing in 1996 and later-years are each subject to redemption, at the option of the City and in whole or in part, and if in part, in inverse order of maturities and, within any maturity, in $5,000 principal amounts selected by the Registrar by lot, on February 1, 1995 and on any interest payment date thereafter, at a redemption price equal to the principal amount thereof to be redeemed plus accrued interest to the date of redemption. At least thirty days prior to the date set for redemption of any Bond, the City shall cause notice.of the call for redemption to be published in a daily or weekly periodical published in a Minnesota city of the first class or its metropolitan area, which circulates throughout the state and furnishes financial news as a part of its service, and to be mailed to the Registrar and to the registered owner of each Bond to be redeemed, but no defect in or failure to give such mailed notice'of redemption shall affect the validity of proceedings for the redemption of any Bond not affected by such defect or failure. The notice of redemption shall specify the redemption date, redemption price, the numbers, interest rates and CUSIP numbers of the Bonds to be redeemed and the place at which the Bonds are to be surrendered for payment, which is the principal office of the Registrar- Official notice of redemption having been given as aforesaid, the Bonds or portions thereof so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified and from and after such date (unless the City shall default in the payment of the redemption price) such Bonds or portions thereof shall cease to bear interest. IIn addition to the notice prescribed by the preceding_ paragraph, the City shall also give, or cause to be given, notice of the redemption of any Bond or Bonds or portions thereof at least 35 days before the redemption date by certified mail or telecopy to the Purchaser and all registered securities depositories then in the business of holding substantial amounts of obligations of the character of the Bonds (such depositories now being The Depository Trust Company, of Garden City, New York; Midwest Securities Trust Company, of Chicago, Illinois; Pacific Securities Depository Trust Company, of San Francisco, California; and Philadelphia Depository Trust Company, of Philadelphia, Pennsylvania) and one or more national information services that disseminate information regarding municipal bond redemptions; provided that any- defect in or any failure.to give any notice of redemption prescribed by this paragraph shall not affect the validity of the proceedings for the redemption of any Bond or portion thereof. -12- Bonds in a denomination larger than $5,000 may be redeemed in part in any integral multiple of $5,000. The owner of any Bond redeemed in part shall receive, upon surrender of such Bond to the Registrar, one or more new Bonds in authorized denominations equal in principal amount to be unredeemed portion of the Bond so surrendered. 3.06. Preparation and Delivery. The Bonds shall be prepared under the direction of the City Manager and shall be executed on behalf of the City by the signatures of the Mayor and.the City Manager,and shall be sealed with the official corporate seal of the City; provided that said signatures and the corporate seal may be printed, engraved, or lithographed facsimiles thereof. In case any officer whose signature, or a facsimile of whose signature, shall appear on the Bonds shall cease to be such officer before the delivery of any Bond, such signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if such officer had remained in office until delivery.. Notwithstanding such execution, no Bond shall be valid or obligatory for any purpose or entitled to any security or benefit under this Resolution unless and until a certificate of authentication on such Bond has been duly executed by the manual signature of an authorized representative of the.Registrar. Certificates of authentication on different Bonds need not be signed by the same representative. The executed certificate of authentication on each Bond shall be conclusive evidence that it has been authenticated and delivered under this Resolution: When the Bonds have been so executed and authenticated, they shall be delivered by the City Manager to the Purchaser upon. payment of the purchase price in accordance with the contract of sale heretofore made and executed, and the Purchaser shall not be obligated to see to the application of the purchase price. Section 4. Security Provisions. 4.01. 1989 Improvement Construction Fund. There-is hereby created a special bookkeeping fund to be designated as the . "1989 Improvement Construction Fund" (hereinafter referred to as the Construction Fund), to be held and administered by the City Finance Director separate and apart from all other funds of the City. The City appropriates to the Construction Fund (a) the proceeds of the sale of the Bonds, and (b) all collections of special assessments levied for the Improvements until completion and payment of all costs of the Improvements. The Construction Fund shall be used solely to defray expenses of the Improvements, including but not limited to the transfer to the Bond Fund, created in Section 4.02 hereof, of amounts - sufficient for the payment of interest and principal, if any, -13- due upon the Bonds prior to the completion and payment of all costs of the Improvements and the payment of the expenses incurred by the City in connection with the issuance of the Bonds. Upon completion and payment of all costs of the Improvements, any balance of the proceeds of Bonds remaining in the Construction Fund may be used to pay the cost, in whole or in part, of any other improvements instituted pursuant to the Act, as directed by the City Council, but any balance of such proceeds not so used shall be credited and paid to the Bond Fund. 4.02. 1989 Improvement Bond Fund. So long as any of the Bonds are outstanding and any principal of or interest thereon unpaid, the City Finance Director shall maintain a separate and special bookkeeping fund designated "1989 Improvement Bond Fund" (hereinafter referred to as the Bond Fund) to be used for no purpose other than the payment of the principal of and interest on the Bonds and on such other improvement bonds of the City as have been or may be directed to be paid therefrom. The City irrevocably appropriates to the Bond Fund (a) the collections of special assessments and other funds to be credited and paid thereto in accordance with the provisions of Section 4.01, (b) any taxes levied in accordance with this resolution, and (c) all such ,other moneys as shall be received and appropriated to.the Bond Fund from time to time. If the balance in the Bond Fund is at any time insufficient to pay all interest and principal then due on all bonds payable therefrom, the payment shall be made from any fund of the City which is available for that purpose, subject to reimbursement from the Bond Fund when the balance therein is sufficient, and the Council covenants -and agrees that it will each year levy a sufficient amount to take care of any accumulated or anticipated deficiency, which levy is not subject to any constitutional or statutory tax limitation. 4.03. Additional Bonds. The City reserves the right to issue additional bonds payable from the Bond Fund as may be required to finance costs of the Improvements not financed hereby; provided that the City Council shall, prior to the delivery of such additional bonds, levy or agree to levy by resolution sufficient additional special assessments and ad valorem taxes, if any, which, together with other moneys or revenues pledged for the payment of said additional obligations, will produce revenues at least five percent (5 %) in excess of the amount needed to pay when due the principal and interest on all bonds payable from the Bond Fund. The additional special assessments, ad valorem taxes and moneys or revenues so pledged, levied or agreed to be levied shall be irrevocably appropriated to the Bond Fund in the manner provided by Minnesota Statutes, Section 475.61. -14- 4.04. Levy of Special Assessments. The City hereby covenants and agrees that for payment of the cost of the Improvement it will do and perform all acts and things necessary for the full and valid levy of special assessments against all assessable lots, tracts and parcels of land benefited thereby and located within the area proposed to be assessed therefor, based upon the benefits received by each such lot, tract or parcel, in an aggregate principal amount not less than one hundred percent (100 %) of the cost of the Improvement. In the event that any such assessment shall be at any time held invalid with respect to any lot, piece or parcel of land, due to any error, defect or irregularity in any action or proceeding taken or to be taken by the City or this Council or any of the City's officers or employees, either in the making of such assessment or-in the performance of any condition precedent thereto, the City and this Council hereby covenant and agree that they will forthwith do all such further acts and take all such further proceedings as may be required by law to make such assessments a valid and binding lien upon such property. The Council presently estimates that the special assessments shall be in the principal amount of $1,760,000 payable in not more than 10 installments, the first installment to be collectible with taxes during the year 1991, and that deferred installments shall bear interest'at the rate of not less than percent (_ %) per annum from the date of the resolution levying said assessment until December 31 of the year in which the installment is payable. 4.05. Full Faith and Credit Pledged. The full faith and credit of the City are irrevocably pledged for the prompt and full payment of the principal of and the interest on the Bonds, and the Bonds shall be payable from the Bond Fund in accordance with the provisions and covenants contained in this resolution. It is estimated that the special assessments levied and to be levied for the payment of the Improvement will be collected in amounts not less than five percent (5 %) in excess of the annual principal and interest requirements of the Bonds. If the money on hand in the Bond Fund should at any time be insufficient for the payment of principal and interest then due, this City shall pay the principal and interest out of any fund of the City, and such other fund or funds shall be reimbursed therefor when sufficient money is available to the Bond Fund. If on October 1 in any year the sum of the balance in the Bond Fund plus the amount of taxes and special assessments theretofore levied for the Improvements and collectible through the end of the following calendar year is not sufficient to pay when due all principal and interest become due on all Bonds payable therefrom in said following calendar year, or the Bond Fund has incurred a deficiency in the manner provided in this Section 4.05, a direct, -15- irrepealable, ad valorem tax shall be levied on all.taxable property within the corporate limits of the City for the purpose -of restoring such accumulated or anticipated deficiency in accordance with the provisions of this resolution. Section 5. Defeasance. When any Bond has been discharged as provided in this Section 5, all pledges, covenants and other rights granted by this resolution to the holders of such Bonds shall cease, and such Bonds shall no longer be deemed outstanding under this Resolution. The City may discharge its obligations with respect to any Bond which is due on any date by irrevocably depositing with the Registrar on or before that date a sum sufficient for the payment thereof in full; or, if any Bond should not be paid when due, the City may nevertheless discharge its obligations with respect thereto by depositing with the Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. The City may also discharge its obligations with respect to any prepayable Bond called for redemption on any date when it is prepayable according to their terms, by depositing with the Registrar on or before that date a sum sufficient for the payment thereof in full; provided that notice of the redemption thereof has been duly given as provided in Section 3.05. The City may also at any time discharge its obligations with respect to any Bonds, subject to the provisions of law now or hereafter authorizing and regulating such action, by depositing irrevocably in escrow, with a bank qualified by law as an escrow agent for this purpose, cash or securities which are authorized by law to be so deposited, bearing interest payable at such'times and at such rates and maturing on such dates as shall be required, without reinvestment, to pay all principal and interest to become due thereon to maturity or, if notice of redemption as herein required has been duly provided for, to such earlier redemption date. Section 6. County Auditor Registration, Certification of Proceedings, Investment of Money, Arbitrage, Official Statement and Fees. 6.01. County Auditor Registration. The City Clerk is hereby authorized and directed to file a certified copy of this Resolution with the County Auditor of Hennepin County, together with such other information as the County Auditor shall require, and to obtain from said County Auditor a certificate that the Bonds have been entered on his bond register as required by law. .vim. Cert4fi- 4Cn �` Droceedings. The officer= rc the City and the County Auditor of Hennepin County are hereby -16- authorized and directed to prepare and furnish to the Purchaser and to Dorsey & Whitney, Bond Counsel to the City, certified copies of all proceedings and records of the City, and such other affidavits, certificates and information as may be required to show the facts relating to the legality -and marketability of the Bonds as the same appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the City as to the facts recited therein. 6.03. Tax Covenant. The City covenants and agrees with the owners from time to time of the Bonds that it will not take or permit to be taken by any of its officers, employees or agents any action which would cause the interest on the Bonds to become subject to taxation under the Internal Revenue Code of 1986, as amended (the Code), and the Treasury Regulations promulgated thereunder (the Regulations), and covenants to take any and all actions within its powers to ensure that the interest on the Bonds will not become subject to taxation under such Code and Regulations. The City will cause to be filed with the Secretary of Treasury an information reporting statement in the form and at the time prescribed by the Code. 6.04. Investment of Money on Deposit in the Bond Fund. After February 1, 1995 the City Finance Director shall ascertain monthly the amount on deposit in the Bond Fund. If after February 1, 1995 the amount on deposit therein ever exceeds by more than $88,000 the aggregate amount of principal and interest due and payable from the Bond Fund within the next succeeding 12 months, such excess shall be used to prepay and redeem Bonds or be invested at a yield less than or equal to the yield on the Bonds, based upon their amounts, maturities and interest rates on their date of issue, computed by the actuarial method. If any additional bonds are ever issued and made payable from the Bond Fund, the dollar amount in the preceding sentence shall be changed to equal 5 percent of the aggregate original principal amount of the bonds of all series, including the Bonds, of which any bonds are then outstanding and.payable therefrom. The City reserves the right to amend the provisions of this Section at any time, whether prior to or after the delivery of the Bonds, if and to the extent that this Council determines that the provisions of this Section are not necessary in order to ensure that the Bonds are not "arbitrage bonds" within the meaning of Section 148 of the Code and Regulations. 6.05. Arbitrage Certification. The Mayor and the City Manager, being the officers of the City charged with the responsibility for issuing the Bonds pursuant to this _1 resolution, are authorized and directed to execute and deliver to the Purchaser a certification in accordance with the provisions of Section 148 of the Code, and Sections 1.103 -13, 1.103 -14 and 1.103 -15 of the Regulations, stating the facts, estimates and circumstances in existence on the date of issue and delivery of the Bonds which make it reasonable to expect that the proceeds of the Bonds will not be used in a manner that would cause the Bonds to be arbitrage bonds within the meaning of the Code and Regulations. 6.06 Compliance With Rebate Requirement_. The City will not use the proceeds of the Bonds in such a manner as to cause the Bonds to be "arbitrage bonds" within the meaning of Section 148 of the Code and applicable Regulations; to this end, the City shall: (i) maintain records identifying all "gross proceeds" (as defined in Section 148(f)(6)(B) of the Code) attributable to the Bonds, the yield at which such gross proceeds are invested, any arbitrage profit derived therefrom (earnings in excess of the yield on the Bonds) and any earnings derived from the investment of such arbitrage profit; (ii) make, or cause to be made as of the anniversary date of the issuance of the Bonds, the annual determinations of the amount, if any, of excess arbitrage required to be paid to the United States by the City (the Rebate Amount); (iii) pay, or cause to be paid, to the United States at least once every five Bond Years the amount, if any, which is required to be paid to the United States, including the last installment which shall be made no later.than 60 days after the day on which the Bonds are paid in full; and (iv) retain all records of the annual determination of the foregoing amounts until six (6) years after the Bonds have been fully paid. In order to comply with the foregoing requirements, the City Finance Director shall determine the Rebate Amount within 30 days of .each anniversary date of the issuance of the Bonds and upon payment in full of the Bonds and shall deposit such Rebate Amount in a separate account and shall separately account for the earnings from the investment of the Rebate Amount. In the event the foregoing requirements conflict with the requirements of the Regulations promulgated under Section 148(f) of the Code, the rquirements of such Regulations shall be controlling. oil :� 6.07. Official Statement. The Official Statement relating to the Bonds, dated March 1989, prepared and distributed on behalf of the City by Public Financial Systems, Inc., is hereby approved. The officers of the City are hereby authorized and directed to execute such certificates as may be appropriate concerning the accuracy, completeness and sufficiency of the Official Statement. Attest: Adopted by the City Council on March 20, 1989. 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 said resolution was declared duly passed and adopted, and was signed by the Mayor which signature was attested by the City Clerk. -19- CERTIFICATION OF MINUTES RELATING TO $2,100,000 GENERAL OBLIGATION RECREATIONAL FACILITY BONDS, SERIES 1989 Issuer: City of Edina, Minnesota Governing Body: City Council Kind, date, time and place of meeting: A regular meeting, held on March 20, 1989, at 7:00 o'clock p.m., in the City,Hall. Members present: Members absent: Documents Attached: Minutes of said meeting (pages): 1 through 20 RESOLUTION RELATING TO $2,100,000 GENERAL OBLIGATION RECREATIONAL FACILITY BONDS, SERIES 1989; AWARDING THE SALE, FIXING THE FORM AND DETAILS, AND PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND THE SECURITY THEREFOR I, the undersigned, being the duly qualified and acting recording officer of the public corporation issuing the obligations referred to in the title of this certificate, certify that the documents attached hereto, as described above, have been carefully compared with the�original. records of said corporation in my legal custody, from which they have been transcribed; that said documents are a correct and complete transcript of the minutes of a meeting of the governing body of said corporation, and correct and complete copies of all resolutions and other actions taken and of all documents approved by the governing body at said meeting, so far as they relate to said obligations; and that said meeting was duly held by the governing body at the time and place and was attended throughout by the members indicated above, pursuant to call and notice of such meeting given as required by law. WITNESS my hand officially as such recording officer this day of March, 1989. Marcella M. Daehn, (SEAL) City Clerk 0 The City Clerk presented affidavits showing publication of the Notice of Bond Sale for the $2,100,000 General Obligation Recreational Facility Bonds, Series 1989 of the City in a legal newspaper having general circulation in the City, and in'a daily or weekly periodical published in a Minnesota city of the first class, which circulates throughout the state and furnishes financial news as a part of its service, as required by law and as directed by a resolution of the Council adopted February 21, 1989. The affidavits were examined, found to comply with the provisions of Minnesota Statutes,.Chapter 475 and directed to be filed in the office of the City. Clerk. The City Manager reported that six sealed bids for the $2,100,000 General Obligation Recreational Facility Bonds, Series 1989 had been received prior to the time designated in the Notice of Bond Sale for the opening of bids. Pursuant to the Notice of Bond Sale .and the Terms and Conditions of Sale the bids have been opened, read and tabulated, and the terms of each have been determined to be as follows: Bid for Interest Name of Bidder Principal Rates See Attachment Total Interest Cost -Net Averaqe Rate I _ , Member introduced the following resolution and moved its adoption: RESOLUTION RELATING TO $2,100,000 GENERAL OBLIGATION RECREATIONAL FACILITY BONDS, SERIES 1989; FIXING THE FORM AND DETAILS, PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND THE SECURITY THEREFOR BE IT RESOLVED by the City Council of the City of Edina, Minnesota, as follows: Section 1. Recitals. 1.01. Authorization. This Council by its resolution adopted February 21, 1989, which resolution is entitled "Resolution Relating to $2,100,000 General Obligation Recreational Facility Bonds, Series 1989 Authorizing the Issuance and Providing for the Public Sale Thereof," pursuant to Minnesota Laws 1961, Chapter 655 (the Act), authorized the issuance and sale of $2,100,000.General Obligation Recreational Facility Bonds, Series 1989 of the City (the Bonds), to be dated as of April 1, 1989, in order to finance the acquisition and betterment of certain improvements (the Improvements) to its municipal recreation facilities. $31,000 of the principal amount of the Bonds represents interest as provided in Minnesota Statutes, Section 475.56. The Improvements consist of an improvement to the Municipal Golf Center of the City (the Municipal Golf Center) described in Section 4 of the Resolution adopted by this Council on November 4, 1963, entitled "Resolution Establishing the Form and Terms and Covenants Securing the Payment of $825,000 Golf Course Bonds of 1963" (the Resolution of November 4, 1963). The Bonds are to be payable primarily out of the net revenues to be derived from the operation of the Municipal Golf Center, the Rec�_:ation Center (the Municipal Recreation Center) of the City described in Section 4 of the resolution adopted by this Council on August 2, 1965., entitled "Resolution Authorizing the Issuance of $.450,000 Recreation Center Bonds, Describing Their Form and Details and Covenants with Respect Thereto" (the Resolution of August 2, 1965), and the Municipal Liquor Dispensary established by Ordinance No. 131 (the Municipal Liquor Dispensary). 1.02. Outstanding Bonds. There is currently payable . out of net revenues to be derived from the Municipal Golf Center and the Municipal Liquor Dispensary the General Obligation Golf Course Bonds, Series 1985 of the City, dated as of September 1, 1985 (the Golf Course Bonds), and there is currently payable out of the net revenues to be derived from the Municipal Golf Center, the Municipal Recreation Center and the Muni -cipal Liquor Dispensary the General Obligation Recreational Facility Bonds, Series 1988 of the City, dated as of October 1, 1988 (the Recreational Facility Bonds). The Golf Course Bonds and the Recreational Facility Bonds are hereinafter together referred to as the Outstanding Bonds. The payment of principal of and interest on the Bonds shall be subordinate to the first lien and charge, thereon, of the Golf Course Bonds on the net revenues of the Municipal Golf Center and the net revenues of the Municipal Liquor Dispensary. The payment of the principal of and interest in the Bonds shall be subordinate to the lien and charge thereon, of the Recreational Facility Bonds on the net revenues of the Municipal Golf' Center, the net revenues of the Municipal Recreation Center and the net revenues of the Municipal Liquor Dispensary. - 1.03. Findings. It is hereby found, determined and declared that net revenues derived from the operation of the Municipal Golf Center, the Municipal Recreation Center and the Municipal Liquor Dispensary, in excess of the costs of operation and maintenance thereof in the fiscal year which ended December 31, 1988, were in excess of $ which amount exceeds the maximum amount of principal and interest to become due in any future fiscal year on all of the Outstanding Bonds and on the Bonds herein authorized. By Section 4.02 hereof the sum of $ from the net revenues derived from the operation of the Municipal Golf Center, Municipal Recreation Center and /or Municipal Liquor Dispensary is appropriated and credited to a separate subaccount in the Bond Account, created pursuant to Section 4.02 hereof, which amount exceeds the average annual amount of principal and interest to become due on the Bonds. The City is therefore authorized by the Act to secure the Bonds by the covenants and agreements hereinafter set forth. In accordance with the Act the Bonds may be issued by resolution of this Council. All acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed preliminary to the issuance of and sale of the Bonds to provide moneys to pay for the Improvements have been done, do exist, have happened and have been performed in due form, time and manner as so required. 1.04. Sale. Notice of sale of the Bonds was duly published as required by Minnesota Statutes, Section 475.60. Pursuant to the Notice of Bond Sale and the Terms and Conditions of Sale, sealed bids for the purchase of the Bonds :-rere received at or before the time specified for receipt of bids. The bids have been opened and publicly read and considered, and the purchase price, interest rates and net interest cost under the terms of each bid have been determined. The most favorable proposal received is that of and associates (the Purchaser), to purchase the Bonds at a price of $ plus accrued interest from the date of the Bonds to the date of delivery thereof, the Bonds to bear interest at the rates set forth in Section 3.01. The proposal is hereby accepted, and the Mayor and City Manager are hereby authorized and directed to execute a contract on the part of the City for the sale of the Bonds with the Purchaser. The good faith checks of the unsuccessful bidders shall be returned forthwith. 1.05. Issuance of Bonds. All acts, conditions and things required by the Constitution and,laws of the State of Minnesota to be done, to exist, to happen and to be performed prior to the issuance of the Bonds have been done, do exist, have happened, and have been performed, wherefore it is now necessary for this Council to establish the form and terms of the Bonds, to provide for the security thereof, and to issue the Bonds forthwith. Section 2. Form of Bonds. 2.01. Form of Bonds. The Bonds shall be prepared in substantially the following form: -3- [Face of Bonds] UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF HENNEPIN CITY OF EDINA GENERAL OBLIGATION RECREATIONAL FACILITY BOND, SERIES 1989 Date of Rate Maturity Original Issue CUSIP April 1, 1989 REGISTERED OWNER: PRINCIPAL AMOUNT: SEE REVERSE FOR CERTAIN DEFINITIONS DOLLARS THE CITY OF EDINA, Hennepin County, Minnesota (the City), acknowledges itself to be indebted and, for value received, hereby promises to pay to the registered owner above named, the principal amount indicated above, on the maturity date specified above, with interest thereon from the date of original issue specified above, or the most recent interest payment date to which interest has been paid or duly provided for, at the annual rate specified above, payable on January 1 and July 1 in each year, commencing January 1, 1990, to the person in whose name this Bond is registered at the close of business on the 15th day (whether or not a business day) of the immediately preceding month, all subject to the provisions referred to herein with respect to the redemption of the principal of this Bond before maturity. The interest hereon and, upon presentation and surrender hereof, the principal hereof, are payable in lawful money of the United States of America by check or draft of in I , as Bond Registrar, Transfer Agent and Paying Agent (the Bond Registrar), or its successor designated under the Resolution described herein. Additional provisions of this Bond are contained on the reverse hereof and such provisions shall for all purposes have the same effect as though fully set forth hereon. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Resolution until the Certificate of Authentication hereon shall have been executed by the Bond Registrar by manual signature of one of its authorized representatives. IN WITNESS WHEREOF, the City of Edina, Hennepin County, State of Minnesota, by its City Council, has caused this Bond to be executed by the facsimile signatures of the Mayor and the City Manager and by a printed facsimile of the official seal of the City and has caused this Bond to be dated as of the date set forth below. Date of Authentication: (Facsimile Signature) (Facsimile Signature) City Manager Mayor (Facsimile Seal) CERTIFICATE OF-AUTHENTICATION This is one of the Bonds delivered pursuant to the Resolution mentioned within. as Bond Registrar By Authorized Representative [Reverse of the Bonds] This Bond is one of an issue in the aggregate principal amount of $2,100,000 (the Bonds), all of like date and tenor except as to serial number, interest rate, redemption privilege and maturity date issued pursuant to a resolution adopted on March 20, 1989 (the Resolution) for the purpose of financing the acquisition and betterment of recreational facilities of the City, and is issued pursuant to and in full conformity with the provisions of the Constitution and laws of the State of Minnesota thereunto enabling, including Minnesota Laws 1961, Chapter 655, and Minnesota Statutes, Chapter 475. This Bond is payable primarily from the net revenues,of the -5- municipal golf center, municipal recreation center and municipal liquor dispensary and pledged to the payment of the Bonds by the Resolution, but the City Council is required by law to pay maturing principal hereof and interest thereon out of any funds in the treasury if such net-revenues are insufficient therefor. The Bonds are issuable only as fully registered bonds, in denominations of $5,000 or any integral multiple thereof, of single maturities. Bonds maturing in the years 1992 through 1998 are payable on their respective stated maturity dates without option of prior payment, but Bonds having stated maturity dates in the years 1999 through 2009 are each subject to redemption and prepayment, at the option of the City and in whole or in part and if in part, in inverse order of maturities and in .$5,000 principal amounts selected by lot, within any maturity, on January 1, 1998 and on any interest payment date thereafter, at a price equal to the principal amount thereof to be redeemed plus interest accrued to the date of redemption. At least thirty days prior to the date set for redemption of any. Bond, notice of the call for redemption will be published in a daily or weekly periodical, published in a Minnesota city of the first class or its metropolitan area, which circulates throughout the state and furnishes financial news as a part of its service, and will be mailed to the Bond Registrar and to the registered owner of each Bond to be redeemed at his address appearing in the Bond Register, but no defect in or failure to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of any Bond. official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified, and from and after such date (unless the City shall default in the payment of the redemption price) such Bonds or portions of Bonds shall cease to bear interest. Upon partial redemption of any Bond, a new Bond or Bonds will be delivered to the registered owner without charge, representing the remaining principal amount outstanding. As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books of the City at the principal office of the Bond Registrar, by the registered owner hereof in person or by his attorney duly authorized in writing upon surrender hereof together with a written instrument of transfer satisfactory to the Bond Registrar, duly executed by the registered owner or his attorney; and may also be surrendered in exchange for Bonds of other authorized denominations. Upon such transfer or exchange, the City will cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturing on the same date, subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to such transfer or exchange. The City and the Bond Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of receiving payment and for all other purposes, and neither the City nor the Bond Registrar shall be affected by any notice to the contrary. IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed precedent to and in the issuance of this Bond, have been done, do'exist, have happened and have been performed in regular and due form, time and manner as so required; that in and by the Resolution, the City has pledged and appropriated so much of. the net revenues to be derived from the.operation'of the municipal golf course, municipal recreation center and of the municipal liquor dispensary as shall be required to pay the principal hereof and interest thereon when due, provided that if such revenues should at any time prove insufficient for these purposes the City is required to levy ad valorem taxes,upon all taxable property within its corporate limits, without limitation as to rate or amount, for the payment of the Bonds and interest thereon when due; and that the issuance of this Bond does not cause the indebtedness of-the City to exceed any constitutional or statutory limitation. -7- The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to the applicable laws or regulations: TEN COM -- as tenants UNIF GIFT MIN ACT..... Custodian..... in common . (Cust) (Minor) TEN ENT -- as tenants by the entireties under Uniform Gifts to JT TEN -- as joint tenants Minors with right of survivorship and Act ...................... not as'tenants in (State). common Additional abbreviations may also be used. ff:19 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto the within Bond and all rights thereunder, irrevocably constitutes and appoints attorney to transfer the within Bond on the books kept for registration thereof, with full power of substitution in the premises. and hereby Dated: PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE: NOTICE:, The signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatsoever. Signature(s) must be guaranteed by a commercial bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges. 2.03. Form of Certificate. A certificate in substantially the following form shall appear on the reverse side of each Bond, following a copy of the text of the legal opinion of Bond Counsel: We certify that the above is a full, true and correct copy of the 1-egal opinion rendered by Bond Counsel on the issue of Bonds of the City of Edina which includes the within Bond, dated as of the date of delivery of and payment for the Bonds. (Facsimile signature) (Facsimile signature) City Manager Mayor Section 3. Bond Terms, Execution and Delivery. 3.01. Maturities, Interest Rates, Denominations, Payment. The City shall forthwith issue and deliver the Bonds, which shall be denominated "General Obligation Recreational Facility Bonds, Series 1989" and shall be payable primarily from the Bond Account created in Section 4.02 hereof. The Bonds shall be issuable in the denomination of $5,000 each or any integral multiple thereof, shall mature on January 1 in the years and amounts set forth below, and Bonds maturing in such years and amounts shall bear interest from date of issue until paid or duly called for redemption at the rates per annum shown opposite such years and amounts as follows: Year Amount Rate Year Amount Rate 1992 $ 65,000 % 2001 $115,000 % 1993 70,000 2002 120,000 1994 70,000 2003 130,000 1995 75,000 2004 140,000 1996 80,000 2005 .145,000 1997 85,000 2006 160,000 1998 95,000 2007 170,000 1999 100,000 2008 180,000 2000 105,000 2009 195,000 The Bonds shall be issuable only in fully registered form. The interest thereon and, upon surrender of.each Bond, the principal amount thereof, shall be payable by check or draft issued by the Registrar described herein. Each Bond shall be dated by the Registrar as of.the date of its authentication. 3.02. Dates; Interest Payment Dates. Interest on the Bonds shall be payable on January 1 and July 1 in each year, commencing January 1, 1990, , to the owner of record thereof as of the close of business on the fifteenth day of the immediately preceding month, whether or not such day is a business day. 3.03. Registration. The City shall appoint, and shall maintain, a bond registrar, transfer agent and paying agent (the Registrar). The effect of registration,and the rights and duties of the City and the Registrar with respect thereto shall be as follows: (a) Register. The Registrar shall keep at its principal corporate trust office a bond register in which the Registrar shall provide for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred or exchanged. (b) Transfer of Bonds. Upon surrender for transfer of any Bond duly endorsed by the registered owner thereof or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, the Registrar shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Bonds of a like aggregate principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding each interest payment date and until such interest payment date. -10- (c) Exchange of Bonds. Whenever any Bond is surrendered by the registered owner for exchange, the Registrar shall authenticate and deliver one or more new Bonds of a like aggregate principal amount and maturity, as requested by the registered owner or the owner's attorney duly authorized in writing. (d) Cancellation. All Bonds surrendered upon any transfer or exchange shall be promptly cancel;. -:d by the Registrar and thereafter disposed of as directed by the City. (e) Improper or Unauthorized Transfer. When any Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the same until it is satisfied that the endorsement on such Bond or separate instrument of transfer is legally authorized. The Registrar shall incur no liability for its refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (f) Persons Deemed Owners. The Ci-ty and the Registrar may treat the person in whose name any Bond is at any time registered in the bond register as the absolute owner of such Bond, whether such Bond shall be overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on such Bond and for all other_ purposes, and all such payments so made to any such registered owner or upon the owner's order shall be valid and effectual to satisfy and discharge the liability of the City upon such Bond to the extent of the sum or sums so paid. (g) Taxes, Fees and Charges. For every transfer or exchange of Bonds, the Registrar may impose a charge upon the owner thereof sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to such transfer or exchange. (h) Mutilated, Lost, Stolen or Destroyed Bonds. In case any Bond shall become mutilated or be lost, stolen or destroyed, the Registrar shall deliver a new Bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of any such mutilated Bond or in lieu of and in substitution for any such Bond lost, stolen or destroyed, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Bond lost, stolen or destroyed, upon filing with the Registrar of evidence satisfactory to it that such Bond was lost, stolen -11- or destroyed, and of the ownership thereof, and upon furnishing to the Registrar of an appropriate bond or indemnity in form, substance and amount satisfactory to it, in which both the City and the Registrar shall be named as obligees. All Bonds so surrendered to the Registrar shall be cancelled by it and evidence of such cancellation shall be given to the City. If the mutilated, lost, stolen or destroyed Bond has already matured or been called for redemption in accordance with its terms, it shall not be necessary to issue a new Bond prior to payment. (i) Authenticating Agent. The Registrar is hereby designated authenticating agent for the Bonds, within the meaning of Minnesota Statues, Section 475.55, subdivision 1. 3.04. Appointment of Initial Registrar. The City hereby appoints , as the initial Registrar. The Mayor and the City Manager are authorized to execute and deliver,,on behalf of the City, a contract with , as Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust company authorized by law to conduct such business, such corporation shall be authorized to act as successor Registrar. The City agrees to pay the reasonable and customary charges of the Registrar for the services performed. The City reserves' the right to remove any Registrar upon thirty (30) days' notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar shall deliver all cash and Bonds in its possession to the successor Registrar and shall deliver the bond register to the successor Registrar. On or before each principal or interest due date, without further order of this Council, the City Finance Director shall transmit to the Registrar from the Bond Account (Series 1989) described in Section 4.02 hereof, moneys sufficient for the payment of all principal and interest then due. 3.05. Redemption. Bonds maturing in the years 1992 through 1998 shall not be subject to redemption prior to maturity, but Bonds maturing in the years 1999 through 2009 shall each be subject to redemption and prepayment, at the option of the City, in whole or in part, and if in part, in inverse order of maturities and, within any maturity, in $5,000 principal amounts selected by the Registrar by lot, on January 1, 1998 and on any interest payment date thereafter at a price equal to the principal amount thereof to be redeemed plus interest accrued to the date of redemption. At least thirty days prior to the date set for redemption of any Bond, the City Manager shall cause notice of the call for redemption to be published in a daily or weekly periodical published in a -12- Minnesota city of the first class or its metropolitan area, which circulates throughout the state and furnishes financial news as-a part of its service, and to be mailed to the Registrar and to the registered owner of each Bond to be redeemed, but no defect in or failure to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of any Bond not affected by such defect or failure. The notice of redemption shall specify the redemption date, redemption price, the numbers, interest rates and CUSIP numbers of the Bonds to be redeemed and the place at which the Bonds are to be surrendered for payment, which is the principal office of the Registrar. official notice of redemption having been given as aforesaid, the Bonds or portions thereof so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified and from and after such date (unless the Issuer shall default in the payment of the redemption price) such Bonds or portions thereof shall cease to bear interest. In addition to the notice prescribed by the preceding paragraph, the City shall also give, or cause to be given, notice of the redemption of any Bond or Bonds or portions thereof at least 35 days before the redemption date by certified mail or telecopy to the Purchaser and all registered securities depositories then in the business of holding substantial amounts of obligations of the character of the Bonds (such depositories now being The Depository Trust Company, of Garden City, New York; Midwest Securities Trust Company, of Chicago, Illinois; Pacific Securities Depository Trust Company, of San Fra- ncisco, California; and Philadelphia Depository Trust Company, of Philadelphia, Pennsylvania) and one or more national information services that disseminate information regarding municipal bond redemptions; provided that any defect in or any failure to give any notice of redemption prescribed by this paragraph shall not affect the validity of the proceedings for the redemption of any Bond or portion thereof. Bonds in a denomination larger than $5,000 may be redeemed in part in any integral multiple of $5,000. The owner of any Bond redeemed in part shall receive, upon surrender of such Bond to the Registrar, one or more new Bonds in authorized denominations equal in principal amount to be unredeemed portion of the Bond so surrendered. 3.06. Preparation and Delivery. The Bonds shall be prepared under the direction of the City Manager and shall be executed on behalf of the City by the signatures of the Mayor and the City Manager, and shall be sealed with the official corporate seal of the City; provided that said signatures and -13- the corporate seal may be printed, engraved, or lithographed facsimiles thereof. In case any officer whose signature, or a facsimile of whose signature, shall appear on the Bonds shall cease to be such officer before the delivery of any Bond, such signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if such officer had remained in office until delivery. Notwithstanding such execution, no Bond shall be valid or obligatory for any purpose or entitled to any security or benefit under this resolution unless and until a certificate of authentication on such Bond has been duly executed by the manual signature of an authorized representative of the Registrar. Certificates of authentication on different Bonds need not be signed by the same representative. The executed certificate of authentication on each Bond shall be conclusive evidence that it has been authenticated and .delivered under this resolution. When the Bonds have been so executed and authenticated, they shall be delivered by the City Manager to the purchaser thereof upon payment of the ,purchase price in accordance with the contract of sale heretofore made and executed, and the purchaser shall not be obligated to see to the application of the purchase price. Section 4. Security Provisions. 4.01. 1989 Recreational Facilities Construction Fund. There is hereby created a special fund to be designated as the "1989 Recreational Facilities Bonds Construction Fund" (the Construction Fund), to be held and administered by the City Finance Director separate and apart from all other funds of the City. The City appropriates to the Construction Fund`the proceeds of the sale of the Bonds. The Construction Fund shall be used solely to defray expenses of the Improvements. Upon completion and payment of all costs of the Improvements, any balance of the proceeds of Bonds remaining in the Construction Fund shall be credited and paid to the Bond Account (Series 1989) described in Section 4.02 hereof. 4.02. Bond Account (Series 1989). So long as any of the Bonds are outstanding and any principal of or interest thereon unpaid, the City Finance Director shall maintain the Recreation Center Fund and the Operating Account therein in accordance with the provisions of the Resolution of August 2, 1965 and the Golf Course ,Fund and Operating Account therein in accordance with the provisions of the Resolution of November 4, 1963. In addition, the City Finance Director shall maintain in the Golf Course Fund a separate and special Bond Account (Series 1989) to be used for no other purpose other than the payment of the principal and interest on the Bonds and on such ^th�r 'fonds of the City as have been or may be directed to be paid therefrom. The City irrevocably appropriates to the Bond -14- Account (Series 1989) (a) the sum of $ from the net revenues derived from the operation of the Municipal Golf Center,-Municipal Recreation Center and /or Municipal Liquor Dispensary, which amount shall be credited forthwith to a separate subaccount in the Bond Account (Series 1989) (the Reserve Subaccount) and which amount equals the average annual amount of principal and interest to become due on the.Bonds and is required to be deposited therein pursuant to the Act (the Reserve Requirement); (b) the accrued interest and any amount in excess of $2,069,000 bid for the Bond's and received from the Purchaser upon delivery of the Bonds; (c) all such other moneys which are payable to Bond Account (Series 1989) pursuant to Section 4.03 hereof; and (d) all such other moneys as shall be received and appropriated to Bond Account (Series 1989) from time to time. Interest on money in the Reserve Subaccount shall be transferred from such Reserve Subaccount into the Bond Account (Series 1989). 4.03. Pledge of Net Revenues. The net revenues of the Municipal Golf Center, the Municipal Recreation Center and the Municipal Liquor Dispensary are hereby pledged for the - payment of the principal and interest on the herein authorized Bonds, subject to the lien and charge thereon for the payment of principal and interest due, and the maintenance of a reserve, for the Outstanding Bonds. From the net revenues of the Municipal Golf Center on hand in the Operating Account of the Golf Course Fund and the net revenues of the Municipal Recreation Center on hand in the Operating Account of the Recreation Center Fund, there shall be transferred to the Bond Account (Series 1989) on each interest payment date after all transfers and credits required to be made from the Operating Account of the Golf Course Fund for payment of principal of and interest on the Outstanding Bonds, a sum equal to the interest and principal, if any, to become due on such interest payment date, less any amount on deposit therein (other than in the Reserve Subaccount) plus out of any net revenues remaining after the above payments for principal and interest into the Reserve Subaccount an amount equal to the amount necessary to cause the amount therein to equal the Reserve Requirement, if any, amounts in the Reserve Subaccount which have previously been used for the payment of any principal or interest on the Bonds, and an amount equal to any advances from the net revenues on hand in the Municipal Liquor Dispensary for the payment of principal and interest on the Bonds not previously reimbursed. If the net revenues on hand in the Operating Accounts of the Recreation Center Fund and Golf Course Fund are not sufficient on any interest payment date to transfer to the Bond Account (Series 1989) the amounts required herein for the payment of principal and interest on the Bonds and there is not then on hand in Bond Account (Series 1989) sufficient moneys -15- for payment of principal and interest on the Bonds, the amount of the deficiency shall then be advanced from the net revenues of the Municipal Liquor Dispensary then on hand after all transfers and credits required to be made from such net revenues for payment of principal of and interest on the Outstanding Bonds. Any amounts transferred to Bond Account (Series 1989) in repayment of any amounts of the net revenues of the Municipal Liquor Dispensary deposited in Bond Account (Series 1989) pursuant to Section 4.02 hereof which were used for the payment of principal or interest on the Bonds and any amounts transferred to Bond Account (Series 1989) in repayment of any advances.from the net revenues in the Municipal Liquor Dispensary fund for the payment of principal and interest shall be transferred to the Municipal Liquor Dispensary fund as.they are received. 4.04. Additional Bonds. The City reserves the right to issue-additional bonds payable in whole or in part from the net revenues of the Municipal Golf Center and /or Municipal Recreation Center to finance costs of an improvement thereto, for the acquisition, betterment, operation or maintenance of other recreational facilities of the City, or for any other purpose for which such revenues may be appropriated by the Council in accordance with law; provided, however, that no additional obligations shall be issued to and made payable from the net revenues of the Municipal Golf Center or Municipal Recreation Center unless the pledge of such revenues for payment of such additional obligations is expressly made subordinate to the lien and charge thereon in favor of payment of principal and interest when due, and maintenance of reserve balances required for the Outstanding Bonds, and the lien and charge thereon in favor of principal and interest when due and maintenance of reserve balances required for the Bonds. Nothing herein shall prevent the future issuance of bonds payable in whole or in part from the net revenues of the Municipal Liquor Dispensary; whether pursuant to the Act or any other applicable law, provided that the pledge of the net Municipal Liquor Dispensary revenues for the payment of such bonds is expressly made subordinate to the lien on and pledge thereof for the payment of the principal and interest and the maintenance of the agreed reserve securing such payments on the Bonds, unless the net Municipal Liquor Dispensary revenues received during the fiscal year immediately preceding such issuance shall have been not less than the maximum amount of principal and interest to become due in any subsequent fiscal year on all outstanding bonds then payable from such net revenues, including the additional bonds then proposed to be issued. In the event that the net revenues received in the fiscal year preceding any such issuance have conformed to the condition prescribed in the preceding sentence, the additional -16- bonds so issued may be payable from the net Municipal Liquor Dispensary revenues on a parity with the Bonds as to both principal and interest, without preference or priority of one bond over any other, except that if net Municipal Liquor Dispensary revenues on hand at any time are not sufficient, with other funds then on hand for the payment of all such bonds, to pay in full the principal and interest then due, the balance of net Municipal Liquor Dispensary revenues then available shall be allocated to the Bond Account (Series 1989) and to the respective accounts established for the payment of other bonds, in proportion to the principal amount of bonds of each issue which are then outstanding. 4.05. Tax Levy. Pursuant to the Act, the full faith, credit and taxing powers of the City are also irrevocably pledged for the prompt and full payment of the principal and interest on the Bonds, as such principal and interest respectively become due. The appropriations and covenants contained in this resolution are deemed to be sufficient to assure the payment of such principal and interest. Accordingly, no tax is presently levied for this purpose. If at any time it appears that the net revenues of the Municipal Golf Center,_ Municipal Recreation Center and Municipal Liquor Dispensary which are pledged for the payment of the Bonds and the net revenues of the Municipal Liquor Dispensary and /or Municipa_1 Golf Center deposited in Bond Account (Series 1989)-pursuant to Section 4.02 hereof shall not be sufficient to pay the principal and interest on the Bonds the City covenants and agrees that-it will levy a tax sufficient, with the net Municipal Liquor Dispensary and /or Municipal Golf Center revenues, net Municipal Recreation Center revenues and net Municipal Golf Center revenues then on hand in Bond Account (Series 1989), to pay all such principal and interest, which tax shall be levied upon all taxable property within the corporate limit's of the City, without limitation as to rate or amount. Section 5. Defeasance. When all of the Bonds have been discharged as provided in this section, all pledges, covenants and other rights granted by this resolution to the holders of the Bonds shall cease. The City may discharge its obligations with respect to any Bonds .which are due on any date by depositing with the paying agent on or before that date a sum sufficient for the payment thereof in full; or, if any Bond should not be paid when due, it may nevertheless be discharged by depositing with the paying agent a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. The City may also at any time discharge its obligations with respect to any Bonds, subject to the provisions of law now or hereafter authorizing and regulating such action, by depositing irrevocably in escrow, with a bank -17- qualified by law as an escrow agent for this purpose, cash or securities which are general obligations of the United States or securities of United States agencies which are authorized by law to be so deposited, bearing interest payable at such time and at such rates and maturing on such dates as shall be required, without reinvestment, to pay all principal and interest to become due thereon to maturity. Section 6. County Auditor Registration, Certification of Proceedings, Investment of Money, Arbitrage and Official Statement. 6.01. County Auditor Registration. The City Clerk is hereby authorized and directed to.file a certified copy of this resolution with the County Auditor of Hennepin County, together with such other information as he shall require, and to obtain from the County Auditor a certificate that the Bonds have been entered on his bond register and that the tax required for the payment thereof has been levied and filed as required by law. 6.02. Certification of Proceedings. The officers of the City and the County Auditor of Hennepin County are hereby authorized and directed to prepare and furnish to the Purchaser, and to Dorsey & Whitney, Bond Counsel, certified copies of all proceedings and records of the City, and such other affidavits, certificates and information as may be required to show the facts relating to the legality and marketability of-the Bonds as the same appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the City as to the facts recited therein. . 6.03. Covenant. The City covenants and agrees with the holders from time to time of the Bonds that it will not take or permit to be taken by any of its officers, employees or agents any action which would cause the interest on the Bonds to become subject to taxation under the Internal Revenue Code of 1986, as amended (the Code), and the Treasury Regulations promulgated thereunder (the Regulations), as such are enacted or promulgated and in effect on the date of issue of the.Bonds, and covenants to take any and all actions within its powers to ensure that the interest on the Bonds will not become subject to taxation under the Code and the Regulations. 6.04. Arbitrage. The Mayor and City Manager, being the officers of the City charged with the responsibility for issuing the Bonds pursuant to this resolution, are authorized and directed to execute and deliver to the Purchaser thereof a certificate in accordance with the provisions of Section 148 of -18- the Code, and Treasury Regulations, Sections 1.103 -13, 1.103 -14 and 1.103.15, stating the facts, estimates and circumstances in existence on the date of issue and delivery of the Bonds which make it reasonable to expect that the proceeds of the Bonds will not be used in a manner that would cause the Bonds to be arbitrage bonds within the meaning of said Code and Regulations. 6.05. Compliance With Rebate Requirement. The City will not use the proceeds of the Bonds in such a manner as to cause the Bonds to be "arbitrage bonds" within the meaning of Section 148 of the Code and applicable Regulations; to this end, the City shall: (i) maintain records identifying all "gross proceeds" (as defined in Section 148(f)(6)(B) of the Code) attributable to the Bonds, the yield at which such gross proceeds are invested, any arbitrage profit derived therefrom (earnings in excess of the yield on the Bonds) and any earnings derived from the investment of such arbitrage profit; (ii) 'make, or cause to be made as of the anniversary date of the issuance of the Bonds, the annual determinations of the amount, if any, of excess arbitrage required to be paid to the United States by the City (the Rebate Amount); (iii) pay, or cause to be paid, to the United States at least once every five Bond Years the amount, if any, which is required to be paid to the United States, including the last installment which shall be made no later than 60 days after the day on which the Bonds are paid in full; and (iv) retain all records of the annual determination of the foregoing amounts until six (6) years after the Bonds have been fully paid. In order to comply with the foregoing requirements, the City Finance.Director shall determine the Rebate Amount within 30 days of each anniversary date of the issuance of the Bonds and upon payment in full of the Bonds and shall deposit such Rebate Amount in a separate account and shall separately account for the earnings from the investment of the Rebate Amount. In the event the foregoing requirements conflict with the requirements of the Regulations promulgated under Section 148(f) of the Code, the rquirements of such Regulations shall be controlling. 6.06. Official Statement. The Official Statement relating to the Bonds, dated March 1989, prepared and MOM distributed on.behalf of the City by Public Financial Systems, Inc., is hereby approved. The officers of the City are hereby authorized and directed to execute such certificates as may be appropriate concerning the accuracy, completeness and sufficiency of the Official Statement. Adopted by the City Council on March 20, 1989. Attest: City Clerk (SEAL) Mayor 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 said resolution was declared duly passed and adopted, and was signed by the Mayor, which was attested by the City Clerk. -20- ti b d ti Yoa[y� 7 r r 33 ]I s4 p PLYS 23-4504-612-61 024037 9073 72 ss 75.11 * 74 74 s8 77 77 n7o71A _ ____AW11AY 9 660.46 Me REPAIRS 27 -4248- 667 -66 14668 94 7� 1989 O OF EDINA C CHECK STER 0 03 -20-8. AGE 1 rwPru NO D DATE A AMOUNT V VENDOR I ITEM DESCRIPTION A ACCOUNT NO. INV. # # P.O. 0 0 MESSAGE 2 0 079700 0 03/08/89 2 2,850.00 S SEXTON /CIS INC C COMPUTER SOFTWARE 1 10- 4902 - 490 -49 1 11103 9 9420 1 12 3 4 e 079701 0 03/08/89 1 115.00 B BSC MECH R RENTAAL 2 25- 4946 - 520 -52 6 e 7 6 079702 0 03/08/89 1 12.00 S SARA KOSTIK R REFUND 3 30- 3512- 000 -00 , 6 10 1 079703 0 03/08/89 5 5.00 H HONEYWELL INC R REFUND 1 10- 3056 - 000-00 „ 13 13 1 079704 0 03/08/89 1 199.82 P PERRYB TRUCK REPAIR R REPAIR 2 27 -4248- 664 -66 1 18058 9 9382 t 17 to 2 079705 0 03/08/89 4 425.80 A ACTION MAILING 3ERV M MAILING 1 10- 4201 - 600 = 21 18 24 19 2 079706 0 03/08/89 4 42.00 J JONES TRUCK LINES S SHIPPING 1 =60 2 9393 2 25 21 A Ap on z ze 22 23 0 079707 0 03/08/89 2 289.60 S SPANGLER DESIGNS P PROF SERV 3 30- 4201 - 781 -78 9 9348 3 3 31 24 P PAq An 2 2J 25 3 079708 0 03/08/89 7 78.70 H HEDBERG AGGREGATES G GEN SUPPLYS 3 30- 4504 - 782 -78 4 40423 9 9536 3 33 28 3 1F tk :k 8::h M * * * -CKS 3 37 71 0 079710 0 03/08/89 5 54.48 C CRAIG WERNESS M MILEAGE 1 10- 4208 - 600 -60 4 41 42 32 5 54.48 * 43 44 34 0 079711 0 03/0$/89 7 760.00 M MN BUSINESS SYSTEMS T TELEPHONE SYSTEM 2 27 -1340- 000-00 1 14048A 9 9427 4 41 48 3e 7 760.00 * I I47 77 0 079712 0 03/08/89 6 651.00 699- -66— R RAMLEY PRINTING P PRINTING 3 30- 4600 - 781 -78 8 89367 9 9088 4 49 38 0 079712 0 03/09/89 2 275.00 R RAMLEY PRINTING P PRINTING 3 30- 4600 - 781 -78 1 123465 9 9602 5 " 92 40 5 079713 0 03/08/89 8 81000.00 R ROY A ANDERSON P PRO SERV 6 60 -1300- 005 -20 s 53 s4 42 * * e e6� 43 r 079714 0 03/08/89 2 25.43 M MPLS WELDERS SUPPLY C CRAFT SUPPLYS 2 23- 4588 - 611 -61 5 51615 9 9344 ; r7 46 6 079715 0 03/08/89 2 21.20 P PRINTING SOLUTIONS T TYPESETTING 2 27- 4214 - 667 -66 2 23366 9 9581 6 61 62 48 * * 6 64 40 6 079716 0 03/14/89 3 31.50- L LITIN PAPER CO G GEN SUPPLYS 2 23- 4504 - 611 -61 1 1292 6 65 66 52 1 121.70 * 6 69 70 j L i s- n I �H 1� J �M ,. v_l v t 1989 CITY OF EDINA CHECK REGISTER 03 -20 -89 PAGE 2 hFCK No DATE AMOUNT yENDQB ITfhLQE_8-c 13IPTION ACCOUNT N0. INV. k P.O. M MESSAGE 2 3 660.46 ° ' 079719 03/08:89 150.00 BETSY ELLINGSON REFUND 27-3230- 662 -66 e 150.00 * ' s 079720 03/08/89 50.00 MN GOLF ASSN INC MGA DUES 27- 4204 - 661 -66 0 50.00 * 10 It - - -- * * * -CKS 12 079723 03/08/89 235 DEPT OF PROPERTY TAX POSTAGE 10- 4290 - 140 -14 13 14 23.85 _ 15 1s — .n7912a 03/0° / °9 _- 2Z3-Zfi THERMEX_ -C RP EIL TERS 27 -4504- 664 -66 — - -- -- 223.26 * - - - - - -. . 18 079725 03/08/89 637.00 VENT -A -HOOD COOKTOP 10- 4901 - 440 -44 185 8651 9 zo 637.00 * 2I c ;IP n3 /OQ-g9 140 00 E RE MARSHALL ASSO 1989 DUES 10- 4204 - 440 -44 22 23 140.00 * - - - - -- 24 5 ICMA TRAINING PACKAGE 10 -4608- 440 -44 25 26 98.75 * 27 .. S(L..QO_ FIRE PROGRAMS SOFTU ARE 10 -4233- 440 -44 28 50.00 * - - -- 30 079729 03/08/89 22,so VETERAN OF AADVERTISINF 50 -4214- 822 -82 31 079729 03/08/89 22.50 VETERAN OF ADVERTISING 50 -4214- 842 -84 J2 33 079729 — 03/08/89 22.50 67 90 111 VETERAN OF ADVERTISING 50- 4214 - 862 -86 35 079730 03/08/89 26.66 MN TROOPER ADVERTISING 50-4214 - 822 -82 if - -=-730 03/08/09 2"'6,67 My_T$.QQPE1� ADVERTISING 50- 4214- 842 -84 ' 079T30 03/08/89 26.67 MN TROOPER ADVERTISING 50- 4214 - 862-86 'O 30 80.00 40 079731 03/08/89 148.36 VIKING CAMPER SUP GEN SUPPLYS 10- 4504 - 646 -64 1028 9297 °1 1 .2 148.36 * A3 079732 03/08/89 50.00 ADVANCE TECH INC CONTRACTED REPAIRS 10 -4248- 641 -64 25012 9470 44 45 50.00 * 4e 079733 03/08/89 5,000.00 KEITH ERICKSON REIMBURSMENT 10- 1130 - 000 -00 - - i' ' 4° 5,000.00 4' u°I 079734 03/14/89 35.00 GARY SMIEJA PARTS 10- 4540 - 560 -56 079734 03/08/•_•9 95.00 GARY SMIEJA MACHINE PARTS 40- 4540 - 803 -80 rs _. 130__00 * 52' 73 079735 03/08/89 100.00 PETERS BILLIARD SUPP POOL TABLE MOWED 10- 4504 - 628 -62 17459 9259 '4 100.00 * I• 5 56 57 079736 03/08/89 51.50 ISIA - GEN SUPPLYS 28-4504 - 702 -70 _ 9019 1 n I �H 1� J �M ,. v_l Y_ y 1989 OF EDINA CHECK .STER 03 -20 -8 AGE 3 CHECK NO DATE AMOK -1 VENDOR ITEM oESCRIPTION ACCOUNT NO. INV. N P.O,- F_J1ES_SAGE_ 2 3 51.50 * 3I q 4 079737 03/14/89 22.00 LEAANNS SEW /DECO REPAIR FIRE COAT 10 -4248- 440 -44 89009 e 5 079737 03/08/89 16.00 LEAANNS SEW /DECO REPAIR FIRE GEAR 10- 4248- 440 -44 89007 9514 ] e 7 e 9 e 079738 03/08/89 462.00 HENN TECH CENTER HAZ MAT TRG 10- 4204 - 440 -44 17193 9516 i;a 9 2-40 —* z 10 13 " 079739 03/08/89 105.00 UNIQUE INSTALLATION INSTALL CAABLE 10- 4248 - 440-44 0325 9517 14 15I 12 Q UNIQUE INSTIU_LATION REPAIR COVER ON BED 10- 4248- 440 -44 0344 CISIS 15 13 14 180.00 * 17 e is — 07 -97AD nzrnarao 25,..OA -_ _UST.A _ —_ MEM6ERSHTP t 0— d20d_(iQQ -60 25.27 19 __ 20 16 17 25.00 2, 2 2 is P 10-490e-260-26 8278 23 24 1D 20 3,530.00 ,25 26 21, /08/SS 46-OA RAI. PN AMMANN MILEAGE 1 0 -4202- 280 -28 27 126 zz 23 46.08 * 29 24 R 32 25 079743 03/08/89 90.00 HARRIS TRUST FISCAL AGENT CHG 10- 1145 - 000 -00 133 34 26 27 119,340.00 * 135 _i 36 26 079744 03/09/89 76.32 FRANCIS CALLAHAN MILEAGE 10- 4208 - 480 -48 97 36 29 30 76.32 * 3- q0 31 07974S 03/09/89 860.00 LITTLE FALLS MACH PLOW PARTS 10- 4540 - 560 -56 2834 8138 141 a2 32 33 860.00 * 43 _ '44 34 079746 03/09/89 1,615.88 MBR BRAKE PARTS 10- 4540 - 560 -56 6336 9312 4 40 35 36 pqq 1 , 615.58 * 47 4n 37 079747 03/09/89 647.00 CERT HYD SPECIALIST PARTS 10 -4248- 560 -56 51745 8040 I49I 38 39 079747 03/09/89 31836.00 g,3 00 ye CERT HYD SPECIALIST HYD PUMP 10- 4540- 560-56 51744 8346 50 :51 _.. 'S2 40 41 42 ** W K* 53 * * * -CKS 55 56 43 079749 03/14/89 3.00 DEBBIE BILLION REIMBURSEMENT 30- 2512 - 000 -00 59 44 45 3. 00 _ 60 46 079750 03/14/89 175.00 MARLETING FACTORS PROF SERV 50 -4201- 820 -82 61 e2 a7 079750 03/14/89 175.00 MARLETING FACTORS PROF SERV 50 -4201- 840 -84 63 49 MARLETING FACTORS PROF SERV 50- 4201 - 860 -86 R4 49 50 51 525.00 65 67 06 52 39.00 E9 ]0 53 ]1' S4 079792 01/14/89 iso.00 GOVT FINANCE DUES 10- 4204 - 160 -16 258299 72 55 56 160.00 * 74 57 n7gTS3 - - - 7S 7 ll 199 CITY OF EDINA Il !`NCf•1/ \IA f1A TC AYAI l \IT - CHECK REGISTER 03 -20 -89 PAGE 4 IENDQR ITEM- DESCRIP_LLOL1 ACCQUNT Mn INV & P 0 k MESSAGE �1 I 079759 03/14/89 125.00 MERLE ANDERSON SERVICES 27 -4288- 667 -66 24 125.00 * ze� 070760 03/14/89 987.50 THE WAVE CAR WASH CAR WASHES 10 -4296- 560 -56 9333 27 487 0 ' 079761 03/14/89 1,277.90 BRIGADE QTRMASTER UNIFORMS 10- 4266- 420 -42 702341 9352 -1 1,277.90 * -- 079762 03/14/89 128.00 CHRIS OMODT REIMBURSEMENT 10 -4202- 420 -42 33 J. �' -- -- -- - -- 128-0-0- - - - - - - -- - - - -- - — - - - -- -- 35 079763 03/14/89 153.60 US WEST COMM DIRECTORIES 10- 4502-420 -42 153 -6 Q 30 079764 03/14/89 35.00 TRI CTY LAAW ENF DUES 10- 4204 - 420 -42 33 25_...0 -0_ 40 61[ 075765 03/14/89 85.^0 /0 MATSA SEMINAR FEE 10 -4202- 420 -42 42 8_L._.0_0 079766 03/14/89 161.19 AM PHOTO COPY COPIER SUPPLYS 10- 4504 - 510 -51 F19098 _- 179.766 0 1- 1.4L89 1.6]-._1 -9- - AM- PHOT_O-COP_Y - COP-IER SUP__PL_Y_S >>_0= 4504 -61 0 -51 F19 - 098 45 079766 03/14/89 161.19 AM PHOTO COPY COPIER SUPPLYS 10- 4504 - 610 -51 F1998 "0 161.19 * 49 079767 03/14/89 - 170.50 KUSTOM ELECTRONIC LEASE PURCHASE 10- 4901 - 420 -42 170.50 * g2 079768 03/14/89 45.00 A.T.O.M. TRAINING 10 -4202- 420 -42 53 45.00 * 5" 55� - 079769 03/14/89 91.00 ELIZABETH SELDEN ART WORK SOLD 23-3625- 000 -00 -- �, °� 91.00 - -- 3 2.950.00 - ° 0 079754 0 03/14/89 8 87.02 B BEST BUY O OFFICE SUPPLYS 3 30- 4516 - 781 -78 9 9657 ' 8 87.02 ' 0 079755 0 03/14/89 3 378.00 T THOMAS PRINTING P PRINT 2 23-4600- 611 -61 2 28235 9 9532 0 0 079755 0 03/14/89 3 350.00- T THOMAS PRINTING P PRINT 2 23 -4600- 611 -61 9 9530 ' 0 079755- 0 03/ 44°.9 3 350 -_00 T THOMAS-PR - INTING P PRINT ---23--41,0 G GnS-1 1 - _.23 600-_6.11-61- 0 0282369.530 O 0 079755 0 03/14/89 2 256.00 T THOMAS PRINTING P PRINT 2 23-4600 - 611 -61 2 28237 9 9531 z 9 984-0.0!� - - - '" 0 079756 0 03/14/89 3 39.86 C CARAN D ACHE /SWITZ C -- 23 -4588- 611 -61 3 31391 9 9340 5 - - — — 39_86 _ _ " 0 0797.57 0 03/14/89 9 9.95 D DONS APPLIANCE G GEN SUPPLIES 1 10 -4504- 440 -44 3 36068 'o '0 0 079758 0 03/14/89 4 440.00 S SAFETY SYSTEM INC H HAZ MAT TRG 1 10- 4570- 440 -44 9 9197 21 — — 4 440 00 * v v v d r d • • • • • • • 1989 OF EDINA CHECK . ISTER 03- 20 -8,. AGE 5 2 3 �9Z7� —03114 �B� 790-00. - RUTH- 0£EID -- JOHNSON -ART _WORK-SOLD 23=36eSmAH -00 4 5 ° 079771 780.00 * 741 rlo PAT GREER ART WORK SOLD 23 -3625- 000 -00 ° 31.50 * 9 — 079772 03/14/89 25 20 1fNDA-BATDORFF ART ueRK soLn P3- 3625 - 000 -00 10 25.20 * 12 _0.79773 03/14/89 91.83 ANN WIDE -RTROM ART -W.ORK SOLD 23 -365- 000 -00 13 14 S1.83 * " �7 -r7¢ 03/14/89 Z4f46 SPECiAL_EF_FECT-S_ ART WORK SOLD 23 -3625- 000 -OQ 10 n 24.46 * 1B 079775 03/14/89 50.40 JANET BERRY ART WORK SOLD 23 -3625- 000 -00 10 zo 50.40 * 21 3/14/89 35.00 OBFRON LESLIE ART WORK SOLD 23 -3625- 000 -00 22 35.00 * 23 24 079777 02/J4/89 35.00 DOROTHY HALL ART WORK SOLD 23- 3625- 000 -00 25 26 27 0793 03L14/e9 35.00 * 5fi_fi0 EDINA FDUN■RATION ART WORK SOLD 23- 3625 - 000 -00 000 -00 1 _ -78- 28 2D 56.60 * i 30 0 EUNICE CORCORAN INSTRUCTOR 23 -4201- 611 -61 31 32 300.00 * J3 079780 03/14/89 342.00 SUSAN FRAME COST OF COMM 23 -4624- 613 -61 - 34 35 342.00 * J6 079781 03/14/89 223.00 JO RUTH AC ADMIN 23 -4120- 611 -61 77 38 223.00 * 3' 82 03/14/89 13P.oD MAUREEN BROCKWAY _ AC MAINT 23- 4120 - 612 -61 � 40 41 132.00 * 42 79783 03/14/69 4 1 DIE SIEILCOMPONENTS SOLENOID 10- 4540 - 560 -56 37778 9361 43 079783 03/14/89 49.01- DIESEL COMPONENTS SOLENOID 10- 4540 - 560 -56 37778 9361 44 079783 45 03/14/89 49.01 49 ol DIESEL COMPONENTS SOLENOID 10 -4540- 560 -56 37778 9361 46 47 079784 03/14/89 56.22- CONWAY CENTRAL EXP FREIGHT 10 -4540- 560 -56 450930 4° 6_,_22_ CONWAY CENTRAL EXP FREIGHT 10- 4540 - 560 -56 450930 49 079784 03/14/89 56.22 CONWAY CENTRAL EXP FREIGHT 10-4540 - 560 -56 j 70 51 56.22 52 079785 03/14/89 314.00 THE AMERICAN STORES FLASHERS 10- 4620 - 560 -56 415217 9237 53 079785 03/14/89 314.00- THE AMERICAN STORES FLASHERS 10- 4620 - 560 -56 415217 9237 54 AMERICAN STORES FLASHERS 10- 4620- 560 -56 415217 9237 55 58 57 314.00 - t_ITTLE FALLS MACH PARTS 10- 4540 - 560-56 2733 9047 r r- Ij _ ___ 1989 CITY O OF EDINA C CHECK REGISTER 0 03 -20 -89 P PAGE 6 CHECF__NO. DATE A AMOUNT-- -___ - -_VENDOR _ _LTEM- DESCRIP_T_IO_N A ACCQUNT NO INV_N P.O.--# MESSAGE__ 2 079786 0 03/14/89 1 196.86 L LITTLE FALLS MACH P PARTS 1 10-4540-560 -56 2 2733 9 9047 3 -- 0.79786 - -- 0 03/_14.089 1 1.96_86 L LITTLE-F-ALLS- _MACH- P PARTS_P.LOW 1 1- 0--4S_49f!!iS69_S6__2733. 9 9047_ 4 1 196.86 n' 01933.7 03/_""89 2 2] 4.4- P PLANT -EQUIP R REPAIR -PAR_ _ _40- 4S40-80t -80 1 11414_9469 ' 079787 0 03/14/89 2 214.44 P PLANT EQUIP P PARTS 4 40- 4540 - 801-80 1 11414 9 9469 9 079787 0 03/14/89 2 21.44 P PLANT EQUIP R REPAIR PARTS 4 40- 4540-801 -80 1 11414 9 9469 x.14 -. -44 * - - -- - -- - -- 10 1 079788 0 03/14/89 2 228.00 M MAGNETIC PERPHERALS A AMBULANCE REFUND 1 1.0- 3180 - 000 -00 lz '3 °I 079789 0 03/14/89 1 15.00- D DAKOTA COUNTY TI S SCHOOL 1 10- 4202 - 440 -44 - S -07-97°9 0 3/14/89 1 15__.00_ . .DAKOTA- CQUALLY Ti S S _CH2OL 1 10 =4202= 440 -44 - -- - ° 079789 0 03/14/89 1 150.00 D DAKOTA COUNTY TI S SCHOOL 1 10- 4202- 440 -44 " 1 150.00 * ° 079790 0 03/14/89 2 285.00 E EVERETT SMITH A AMBULANCE 1 10 -3180- 000 -00 2° 2 285.00 * 22 079791 0 03/14/89 2 285.00 L LOIS M JORDON A AMBULANCE 1 10 -3180- 000 -00 23 2 285.00 25 079792 0 03/14/89 5 5,200.00 J JOE GREUPNER P PRO SERV 2 27- 4100 - 661 -66 J J 26 5 51200.00 27`- - - - - - - -_ - -- - - -- - - -- - 28 079793 0 03/14/89 4 462.00 E EDINA FOUNDATION S SOCCER AWARDS 2 27-4504- 667 -66 20 4 462.00 * 31 079794 0 03/14/89 5 590.00 M MRPA ANNUAL CONF R REGISTRATION 1 10 -4202- 600 -60 3- 5 590.00 * J4 079795 0 03/14/89 2 27.50 R ROBERTA LISZT R REFUND 2 28-3500-000 -00 35 2 27.50 * 3' 079796 0 03/14/89 2 27.50 P PAM ROTHSTEIN R REFUND 2 28- 3500 - 000 -00 30 2 27 . SO * 40 079797 0 03/14/89 5 50.45 B BOB BRAMWELL M MILEAGE 3 30- 4208 - 781 -78 41 5 50.45 * * ** -CKS dal - 079A0.1 0 03/_08L89 1 1.3409 __3M - -CO M MATERIAL 1 1_0= 4-5A2- 32S -30 2 25349 -1026 e 079A01 0 03/08/89 2 257.38 3 3M CO S SIGN MATERIAL 1 10- 4542- 325 -30 2 25348 9 9026 4' 3 391.46 ' tSn IrILL�J�:•.k w,..,. �.. :1 \_.. ...1., ,.. .._ �.. .. .. .. _. .... ... �... ._. -lu.«i 7HF--CJK!-N0--DATE _ -( OF EDINA ♦ - ♦ ♦ ♦ i _~ d s r 46 A A A CHECK _lSTER AMAIIAIT vFNnnR ITEM DESCRIPTION ,o 03 -20 -8� AGE 7 A.C.COMNLNO -INV -- # P-0-- # MESSAGE 2 079A29 03/09/89 242.37 ALBINSON PRINTING PAPER 10- 4570 - 260 -26 8742 3- - 079A29 - -- 03/_08/89 - -- 52..50- .---- ALBINSON - BLUE- P_RIN.T-ING 10- 4570 -260 - 26_529203 8742._ -__ - - -_- 4 079A29 03/14/89 35.49 ALBINSON PRINTS 10- 4570 - 260 -26 532532 8747 079A29 03/14/89 35.49 ALBINSON PRINTDS 10- 4570 - 260 -26 532532 8742 ° 32A ?A Il3LL418� 92.._55 ALB- IN.SON SUPpLY_s- 40- 45-044]- 8.0__5.2 - -723 _9222 ' 422.91 1 ! a ' -- - -- s ** -CKS - - -- - "! 079A39 03/14/89 49.06 ALTERNATOR REBUILD WHEELS 10-4540- 560 -56 1636 9308 12 49.06 131 ,4 * ** -CKS 16 079A49 03/08/89 175.18 AMERICAN LINEN LAUNDRY 10- 4262- 440 -44 17 079A49 03/08/89 18.40 AMERICAN LINEN LAUNDRY 10-4262- 520 -52 10 072A49 03/08/89 97.15 AMER- I.CAN_LINEN LAUNDRY 10-4262-520-52 10 079A49 03/08/89 4.64 AMERICAN LINEN LAUNDRY 10- 4262 - 628-62 °I 079A49 03/08/89 157.16 AMERICAN LINEN LAUNDRY 30-4262 - 782 -78 !' --- 079A49 - 03/-08/89 - 60 -_92 _AMERILAN_LINEN LAUNDRY .50-4262 - 821-$2 -- 2 079A49 03/08/89 83.32 AMERICAN LINEN LAUNDRY 50- 4262- 841 -84 27 079A49 03/08/89 94.56 AMERICAN LINEN LAUNDRY 50- 4262 - 861 -86 24 691 26I * ** -CKS * * * * *IR V0 079A80 03/14/89 27.10- ASTLEFORD INTL FILTERS 10- 4540 - 560 -56 52673 9461 29 079A80 03/14/89 27.10 ASTLEFORD INTL FILTERS 10- 4540- S60 -56 52673 9461 30---D-72p,Pn 03/14/89 27.10 ASlLEF�RO 1_NTL FILTERS 10- 4540 - 560 -56 52fi73 9461 31 a7.10 32 34 J3 079B03 03/08/89 36.57 BENSON SAFETY GLASSES 10- 4262 - 301 -30 31887 36 07TB03 X3!_ 5-/-a9 27_.._0.3 BENSON_ SAFETY GLASSES 10-4282-3011 =30 3118$__ 079803 03/08/59 10.07 BENSON SAFEETY GLASSES 10-4262-301 -30 16146 30 079B03 03/14/89 23.16 BENSON SAFETY GLASSES 10- 4262- 646 -64 39 - -- 079503 031- 4/-8.9 P-3-A.6=----BENSON - SAFETY__GLASSES ]_0-4262- 64fz_ @4 ____- _ _ -_- 40 079B03 03/14/89 23.16 BENSON SAFETY GLASSES 10- 4262 - 646-64 03SES 4, a2 96.83 _ 43: * ** -CKS I45 - -0. _gB07 01/14/89 1 .508- 17 -BADGER-METER INC- WATER--KETER PTS 40- 4544- 8_07 -80 573464_2715___ 1 , 508.17 an 4C 49 so 079810 03/08/89 19.23 BALDWIN SUPPLY CO. PARTS 10-4540- S20 -52 251891 9150 �z ,s3 54 ** -CKS 36 079B13 03/14/89 70.00 BARR ENGINEERING SERVICES 10- 4201-260 -26 57 079813 03/14/89 11989.50 BARR ENGINEERING SERVICES 41- 4201- 900-90 - -- - w 0 Y a 1989 CITY OF EDINA CHECK REGISTER 03 -20 -89 PAGE 8 ,I II - - -- — -- ��,•.�• .y,..._..,• u�rl a+4aSc1[ar 1 ayry n�},rSIS+n� nv. 1nv. it r. V. ;t 1'It77Hfst - -- 2 3 2,059.50 5 ** *-CKS ° 7 79B18 03L0PL89 60-56 ------ BATTERY - WAREHOUSE BULB$ �1= 4599_560- 56_^4410 9140____ ° - - - - - -- — * ** -CKS_ 10 11 12 079622 03/14/89 54.00 BEER WHOLESALERS BEER 27- 4630 - 663 -66 079SZ2 079BEE 03/09/89 03/09/89 t, 223.10 1,277.30 BEER- WHOL.E$9LER$ BEER WHOLESALERS BEER BEER 50-4630 - 862 -86 1 14 4 13 079B22 03/09/89 293.00 BEER WHOLESALERS BEER 50- 4632- 822 -82 -2-$47 4.0._3. _B1 * ** -CKS 2° 079BE5 03/14/89 100.00 BENNETT -WAYNE POLICE SERV 10- 4100 - 430 -42 21 100.00 22 23 * ** -CKS 24 39L30 03/08/3 9 271 33 B99TEL- .0"ROS, ING. SUPPLY$ 10- 4504- 510 -51 449342 25 079830 03/08/89 67.68 BERTELSON BROS. INC. SUPPLY$ 10-4504- 510 -51 449343 28 27- 079830 03/08/89 22.45 BERTELSON BROS. INC. SUPPLYS 10- 4504 - 510 -51 449342 23 0 -79B3D 03/_0.8/_89 t t 8_38 — BERT_ELSON -BR.OB-- -INC- SUP_P_LY5 079530 03/14/89 48.50 BERTELSON BROS. INC. SCALE 10- 4504- 540 -54 445985 9240 30 30 079B30 03/08/89 33.64 BERTELSON BROS. INC. OFFICE SUPPLYS 30- 4516 - 781 -78 448017 9497 562 02 * ]3 * ** -CKS 34 079232 03/14/89 S7.35 BEST LOCKING SYSTEMS LOCK PARTS 10-4540- 520 -52 89566 8840 i" 36 079832 079U'32 03/08/89 105.25 BEST LOCKING SYSTEMS GEN SUPPLYS t3-4504-61Z -61 89567 9118 ai B 03/08/89 11,E5 BEST LOCKING -5 YSTEM5 GEN SUPPLY$ 83- 4504 - 618-61 89565 9135 30 173.85 39 Apt - ** *-CKS ao -- — ----- -- -- -- -- - -- - - d1 42 079842 03/08/89 6.15 BLACK PHOTOGRAPHY PHOTOS 10- 4508- 440 -44 904422 4 079P.42 03/14/89 2.7-.17 BLA_CV- P -HQLOGRAPHY GEN SUPPLY3 23-4504- 611 -61 904431 9528 44 4 079B42 03/14/89 459.00 BLACK PHOTOGRAPHY OFFICE SUPPLYS 30- 4516 - 781 -78 904439 9677 492.32 * ** -CKS 117 48 77 03/14/89 117-40 __1_37. go BRAUN ENG TESTNG INC ARENA REMODELING 28-1300- 000 -00 15335 079B77 03/07/89 1,280.40 BRAUN ENG TESTNG INC PRO SERV 60-1300- 00S -20 15284 �49 1,417.891,417.40 4- 51 -- 53 * ** -CKS 54 55 39 03/08/89 137.60 OC BRK IT WHE PLASTIC 10 -4540- 520 -52 266031 9121 079879 03/08/89 71.50 BROCK WHITE WATER PLUG 40- 4504 - 801 -80 266032 9122 5? 209.10 ,I II 198 OF EDINA CHECK .STER 03 -20 -8 AGE 9 NIlQR ITEM DESCRIPTION ACCOUNT NO. INV. # P.O�_MESSAG_E_ 1 2 :23 ' +e� — ** #-CKS -14 4 5 5 ° 03/08/89 585.00 BRUNSON INSTRUMENT NSON INSTRUMENT SUPPLYS MAINT /TRANSIT 10 -4504- 260 -26 10- 4604 - 260 -26 075540 075418 8743 ° 6 e ' ° 620.00 + ' I( 9 * ­ . ***7CKS_! 10 1: " 079896 03/14/89 375.00 BUSINESSLAND INC. PC COMPUTER CLASS 10- 4202- 440 -44 120165 9664 12 LAND INC. D MBASSE TRG 10- 4202- 440 -44 120164 9521 + 13 500.00 14 15 1° 17 079C01 03/14/89 \' 179.76 C d S DISTRIBUTING COST OF COMM 23 -4624- 613 -61 03256 9342 1B S?BIBUTING COST OF COMM 23- 4624- 613 -61 082627 8801 '° 079C01 03/08/89 372.07 C & S DISTRIBUTING COST OF COMM 23 -4624- 613 -61 082660 9177 20 079001 21 03/08/89 208.71 10141 38 * C S S DISTRIBUTING COST OF COMM 23- 4624- 613 -61 082626 8801 22 23 079CO2 03/14/89 24.85 C. F. ANDERSON REPAIR CUFF 10- 4248 - 440 -44 9513 I` i- 3 24 24.99 iK 3 25 13 26 27 * ** —CKS , 20 079C05 03/14/89 34.30 CAMPBELL —RALPH MEETING EXP 10- 4206 - 140 -14 3 3 20 30 34.30 * 3 q 31 4 4 32 I4 33 7_9Co7 of /ea /e9 t,SSa 22 CARGILL—INC_ DE=_I_C3NG_SALT 10- 4538 - 318 -30 605979 7438 __�4 J4 079C07 03/08/89 11513.58 CARGILL INC. OE —ICING SALT 10- 4538-318-30 808970 7438 4 d 35 38 3,067.78 * d 4 37 079C08 03/14/89 35.03- CARLSON LK ST EQUIP. PARTS 10- 4510 - 560 -56 49158 9281 lq 5 75 079C08 03/14/89 35.03 CARLSON LK ST EQUIP. PARTS 10-4510- 560 -56 49158 9281 s 39 079C08 07 /og /s9 92.6o CARLSON—LK_SLEOUIP. PARIS 1Q= 454_0=U0 -56 48797 89$4 _'z 40 079C08 03/14/89 103.16 CARLSON LK ST EQUIP. CREDIT 10- 4540 - 560 -56 49521 5 5 91 079C08 03/14/89 35.03 CARLSON LK ST EQUIP. PARTS 10- 4540 - 560 -56 49158 9281 5 a2 79008 03/14/89 35.03 P. PARTS 10- 4540 - 560 -56 49158 9281 5 43 079008 03/14/89 10.80— CARLSON LK ST EQUIP. CAP 10 -4540- 560 -56 49352 9300 i5 44 079C08 03/14/89 10.80 CARLSON LK ST EQUIP. CAP 10- 4540 - 560 -56 49352 9300 , 45 79008 07/eg /Rg 147.72— CARLSON LK SLEQUI.P. PARTS 19=4540�7U9_S_6— 4 8 S 5 _ E 46 079C08 03/14/89 10.80 CARLSON LK ST EQUIP. CAP 10- 4540 - 560 -56 49352 9300 ' 47 079C08 03/14/89 103.16— CARLSON LK ST EQUIP. CREDIT 10- 4540 - 560 -56 49521 is 48 6— CARLSON LK ST EQUIP. CREDIT 10- 4540 - 560 -56 49521 a 49 079C08 03/14/89 35.03— CARLSON LK ST EQUIP. PARTS 10- 4540 - 560 -56 49158 9281 0 50 079C08 03/09/89 923.80 CARLSON LK ST EQUIP. BUCKET PARTS 10- 4540 - 560 -56 49407 9316 a 51 g 52 53 * *%:f:+k•Y. 54 * ** —CKS 7 , 55 079C16 03/14/89 127.00- CATCO AIR PACK 10- 4540 - 560 -56 324022 9394 86 079C16 57 03/14/89 127.00 CATCO AIR PACK 10- 4540- 560 -56 324022 9394 , ] %W • Y er E • 1r � I V Lil 1989 CITY OF EDINA CHECK REGISTER ru!7ry MA AATC AMAIMIT wcmnAD TTCM RCCPDTDTTAM 03 -20 -89 PAGE 10 ArrMIMT Mn TIUV A P A a MFQQAMC 2 079C16 03/14/89 127.00— CATCO AIR PACK 10- 4540- 5G0 -56 324022 9394 3 — 0790.]_6 03/14/89 1- 27_..-00 CATCO AIR — P—ACK 1 0 549 =55.0 :S6- 324022_9394___ 4 079C16 03/14/89 127.00 CATCO AIR PACK 10-4540 - 560-56 324022 9394 5 ° 127.00 * 7 079C17 03/08/89 78.26 CDP COPY MACHINE 10- 4504 - 540 -54 994891 0 ° 78.26 * 10 079C1° 03/09/89 17.50 CEDAR LAKE FLORAL FLOWERS CWC PARTY 10 -4206- 500 -50 516348 " ,2 17.50 * * ** –CKS - - -' 15 - 079.06 n3/oA /A2 — s0_0.Q- _CERT_J?OWER TRAIN CREDIT 10-4540=56&-56436009208 . _ —_ 0790? 03/08/89 432.30 CERT POWER TRAIN - CLUTCH ASSY 10- 4540 - 560 -56 43807 9208 71 382.30 I * c CKS — 2f Q 7 9r, 03/14/80 164.70 CHAP–IN UALISHING 0 ADS FOB_ @IDS 10- 4E_L0=L4V_–L4_�"394_ 22 0790 ?5 03/14/89 65.70 CHAPIN PUBLISHING CO ADS FOR BIDS 10- 4210- 140 -14 96183 73 24 230.40 23i * ** –CKS J 27 _p7S( - ;0_ 43/9.8/89 1_.06.70 –C-ITY BEER _BEER 20 079C30 03/08/89 133.25 CITY BEER BEER 50-4630- 842 -84 2' 079030 03/08/89 123.065 CITY BEER BEER 50-4630 - 862 -86 30 _3�Si 0 * 31 32 33 - - -- - -- * ** –CKS 34I 079036 03/14/89 3G.75 CITYWIDE WINDOW SERV WINDOW CLEANING 50- 4248- 841 -84 35 36 � 36.75 * j J7 079C37 03/08/89 7.18 CLANCY DRUG INC. ASPRIN 10- 4504 - 260 -26 J0 33 7.18 * 41 n2 079C39 03/08/89 1,311.33 CLEAN –FLO LAB WEED CONTROL 10 -4264- 358 -30 4800 M13 079039 03/08:89 700.00 CLEAN –FLO LAB WEED CONTROL 10 -4264- 358 -30 4804 44 45 2,011.33 47 ** *–CKS - 48 079C44 03/06/89 621.50 COCA COLA BOTTLING CONCESSIONS 28 -4624- 703 -70 4a 079C44 03/08/89 236.60 COCA COLA BOTTLING MIX 50 -4632- 822 -82 _! " 079C44 03/08/89 495.55 COCA COLA BOTTLING MIX 50 -4632- 842 -84 51__079-C44 03/0p-/89 552.35 _0-CA _COLA_8O_LTLING MAX 50- 4632 - 862_86 53 1,906.40 54 * ** —CKS 55 56 57 079C51 03/08/89 1,807.80 COMM OF REVENUE FUEL 10- 4612- 560 -56 -- - V v .d fI �/ r i i i v v • 1989 OF EDINA CHECK STER 03- 20 -8•. +GE 11 nrsns>rsrenu An11n11u'r uA TkltJ 4 O O A MCQCACC I r 2 3 1,807.80 — 4 5 * ** —CKS ° A /R9 447 30 CONSTR FASTFNIN_G SYS MATERIAL 10- 4540 - 520 -52 11812 9141 7 6 447.30 10 " 079C64 03/08/89 53.72 CONT- MINNESOTA CLEANING SUPPLYS 27 -4512- 663-66 12_ 0,79r.64 0l /nA /Ag 464 55 CONT— MINNFSOTA CONCESSIONS 27- 4624 - 663 -66 3 14 518.27 ,5 >«:«:�«a:� 1 *•_ *- CKS —._ ' 16 17 079C87 03/08/89 19.63 _ CURTIN MATHESON SCI RUBBER STOPPERS 40- 4504 - 805 -80 8982 ,6 19 20 21 * *r»w* _ * ** —CKS 22 079C97 03/09/89 11900.00 CYLINDER CITY HYD CYLINDER 10- 4540 - 560 -56 22869 8839 23 079C97 03/08/89 380.00 CYLINDER CITY HYD CYLS 10- 4540 - 560 -56 22710 9032 24 0.00 CYLINDER CITY HYD CYL 10- 4620— SGO -56 22806 9476 25I 079C97 03/14/89 150.00 CYLINDER CITY HYD CYL 10- 4620- 560-56 22797 9477 26 27 21610.00 26 29 * *r•:a:>ti* * ** —CKS 30 079DO3 03/14/59 29.50 0 & V SALES GEN SUPPLYS 30- 4504 - 782 -78 35470 9539 29.50 32 33 * ** =CKS_ 34 33 079D11 03/08/89 56.25 DeVERN3 INC CONTRACT REPAIRS 30-4248 - 782 -78 9042 9435 I 36 p 37 30 :079DZT j 03/08/89 38.98 DAVES FOOD WAGON DAIRY 27- 4624 - 663 -66 ** *-CKS 39 38.98* —- - - - - -- - 40 41 079D27 03/08/89 44.30 BEER 50- 4630- 842 -84 42 7/08/89 95.05 BEER 50- 4630- 862 -86 47 44 139.35* "178-3-3-4 _ _ DAVIDSEN DISTIBUTING 45 �+ 46 47 079D31 03/14/89 51.84 DAVIES WATER EQUIP 1 1/2 COMP FITTING 40- 4540 - 803 -80 2796 7582 40 51.84 50 51 * * * *: * ** -CKS 52 079D38 03/08/89 1,679.10 THE DAVEY CO TREE TRIMMIMG 60-1300- 013 -18 100112 53 34 1,679.10 55 36 * * *W* k * ** —CKS 57 03/14/89 AN CONSTRUCTION REMODELING ARENA 28 -1300- 000-00 V I LL r. 1989 CITY OF EDINA CHECK REGISTER ----- ---------- 03-20-89 PAGE 12 3 67,598.00 4 5 ***-CKS 079P 1 14 07/14/89 --3 6 -EARL.-F—ANDERS-ON PAINT -----1-0--4580=5AQ-54 86180 9214 239.76 ***-CKS :01 079EI7 03/08/89 3,091.60 EAST SIDE BEVERAGE BBEER 50-4630-822-82 12 7 03/08/89 —4 -8-7 4-6-0—EAST E BEVERAGE— BEER 50-4630-842-84 13 079EFT 03/08/89 4,636.10 -S-IlD --- EAST SIDE BEVERAGE BEER 50-4630-862-86 14 15 12,602.30 17 ***-CKS '8 07 EU 03/07/89 10-4540-540-54 644320 19 .7G 2I 2 2. ***-CKS--- 2 079E 1 03/08/$9 74.90 ELVIN SAFETY SUPPLY SIGNS 10-4540-540-54 89032 8864 7 _,I 0 9F: SUPPLY SIGNS 10-4540-540-54 8864 433.92 2G 27 —CKS 30 079FIl 03/14/89 1,576.99 FEED RITE CONTROL WATER TREAT CHEM 40-4622-805 -80 118180 7583 1,S76.99 ***-CKS Iig 079FE:8 3,507.00 FRANK B. HALL & CO. INSURANCE 10-4260-510-51 034058 079F56 97 02/09/89 173.35 FRANK B. HALL & CO. INSURANCE 'A' 10-42GO-510-5I 37 rfi 3,680.35* 3 8S3 zo SURANGR 10-4arsO-51 9-44- 39 ***-CKS 079GOI 03/08/89 583.55 G & K SERVICES LAUNDRY 10-4262-301-30 12 - _ —079-GO I 01/OR/89 Z4.4 50 G d K_$ERV"_ICES LAUNDRY 10-4262-560-56 .3 079GOI 03/08/89 215.42 G & K SERVICES LAUNDRY 10-4262-646-64 079GOI 03/081,89 207.44 G & K SERVICES CLEANING SUPPLYS 10-4512-540-54 -----079.ro i 079G01 03/08/89 281.60 G & K SERVICES LAUNDRY 40-4262-801-80 48 1,578.05 ***-CKS ''L-07-9-Ga-9-03,/JA/-89 —LSS-00 --GOV-T--TRAI.N..-SERV----CONTINUING-ED--J-07.4eo2= 420-4;F.- 5463 079GO9 03/14/89 190.00 GOVT TRAIN SERV CONTINUING ED 10-4202-420--42 5464 51 54 375.00 I 77 L49 19 09 GEN—COMMUNICATION PNPTAI 10 -4'-26- 301 -30 304 A v 1. iL 7 e., °b �Yr 'W ti w v Ig89 OF EDINA CHECK STER 03 -20 -8. AGE 13 CHELI< NO nnrE AMOUNT VENIZOR_ iTEM_DEnRI.2LLON_ A.C_C9S►N1-jd9---INV q P.O._i- MESSAGE -__. 2 079G24 03/14/89 196.20 GEN. COMMUNICATIONS PORT RADIO REPAIR 10- 4248- 440 -44 45775 9663 3 - -- 079624-- - -03/- 14/89. - - - -- ------------- .. -84__ 00.----- - - - - -- . GEN. . - COMMUNI CAT IONS------- REPAIR.__BASE..RADI -O-_ 10- -4248 - 440-44 .45983 - _ 4 079GE4 03/14/89 32.46 GEN. COMMUNICATIONS PAGER SWITCH 10 -4248- 440 -44 45564 ° 079G24 03/14/89 '76.05 GEN. COMMUNICATIONS REPAIR GE RADIO 10- 4248- 440 -44 45805 9662 ° r24 07/14/89 41_00 GEN__LDtMUNI.CATIONS RADIO- REP_AI.R 1_Q .248- 440 44 45427 ] 079G24 03/08/89 266.25 GEN. COMMUNICATIONS RADIO SERVICE 10- 4294 - 560 -56 30448 6 079G24 03/08/89 45.00 GEN. COMMUNICATIONS RADIO SERVICE 10- 4294 - 560 -56 45527 a - 0796:.9 03/ -08/ 9 -- - 94- _7S - - - - -- GEN -.- COMMUNICATIONS REPAIR 27-4 4"- 101 851.74 13, 14j 079632 03/08/89 48.02 GENUINE PARTS CO. PARTS 10- 4540 - 560 -56 491006 9225 ° 07963? 03/14/89 0__54-- 12.87 _.GENUI NE-PARTS __CO__ ___CREDIT GENUINE PART'S CO. _- CARD KIT 30- _454.0 -560- 56.47$370 10- 4540 - 560 -56 478201 9375 17 079G32 03/14/89 71.30- GENUINE PART'S CO. GASKETS 10- 4540 - 560 -56 478079 9375 ° 796 ?2 03/14;•_.9 12.87 GENU_IdE�BST�CA• CARS KIT 10- 4540 - 560 -56 478201 a 079632 03/14/89 34.09 GENUINE PARTS CO. TRANS PARTS 10-4540 - 560-56 478363 9386 2° 079G3Z 03/14/89 34.09- GENUINE PARTS CO. TRANS PARTS 10- 4540-560 -56 478363 938G x - 079.G32 -_ 0 Loo_ - -.. -9_15 GENUINE_2ART5__CQ. - ._L'AR7S__ -___ ].4-459.0-569- SSt�Z$147 9331_____ -_ 'L 079G3 Z 0:/14/••_:9 0/14/ 34.04) 34.09 GENUINE PARTS CO. TRANS PARTS 10-4540 - 560 -56 478363 9386 L3079G32 03/14/89 66.22 GENUINE PARTS CO. TRANS PARTS 10- 4540 - 560 -56 478362 9386 24 Q79G3.= 03/14,'O9 12.87- fx.EdU1NE_R3S_T_G.0!. CARE KIT 10- 4540 -560 -56 478201 9_3.75_ 25 079G3Z 03/0$/89 64.73 GENUINE PARTS CO. PARTS 10-4540-560 -56 476709 9301 25 079G32 03/14/89 71.30 GENUINE PARTS CO. GASKETS 10- 4540- 560 -56 478079 9375 x] - -- 079.63° 03/�4L. °9 71 3Q �ENU.INE- .L'ARTS -00. GA.SKEtS_ _l_0 544 -5.6.8 - 56_478079_9375____ - 20 079632 03/14/89 10.54- GENUINE PARTS CO. CREDIT 10- 4540 - 560 -56 478370 9386 29 079G32 03/14/89 12.$7 GENUINE PARTS CO. CARE KIT 10- 4540 - 560-56 478201 9375 'O �I9G? 03/14/•_:9 10,54 GEIyUJ NE PARTS CO. CREDIT 10-4540-560-56 478370 9386 31 07963? 03/14/89 12.87- GENUINE PARTS CO. CARB KIT 10- 4540- 560 -56 478201 9 32 079632 03/08/89 96.27 GENUINE PARTS CO. PARTS 10-4540-560 -56 475894 9293 33I -322 34 35 3c ** *-CKS 37 079G38 03/14/89 100.00 GEORGE BUTLER POLICE SERV 10- 4100- 430 -42 J° 39 100.00 41 * ** -CKS 42 079G42 03/14/88 301.46 -3 fi -5+9- GII, HEARD GUNS AMMO 29- 4572 - 722 -72 68926 9527 43 079G42 03/14/89 12.40 GIL HEBARD GUNS TARGETS 29-4648 - 722 -72 68926 9527 44 45 453.86 * -478. 98- 4] * ** -CKS 48 079G68 03/07/89 438.25 GRAYBAR ELECTRIC CO. PARTS 10- 4540 - 520 -52 783455 9296 49 079G68 03/07/89 528.05 GRAYBAR ELECTRIC CO. PARTS 10- 4540 - 520 -52 783467 9298 50 079GGB 03/08/89 31.$6 GRAYBAR ELECTRIC CO. TOOLS /PARTS 10 -4540- 520 -52 788376 9459 51 - 0.79GAR 07/071 °9 259__45 GRA.YBAR_ELECTRIC_CO- PARTS E_Znn04=9_0.1 =20 7$3973 X1299 52 07966? 03/07/89 309.90 GRAYBAR ELECTRIC CO. WIRE 2T- 1300- 001 -00 784521 9304 53 079G64 03/09/$9 481.92 GRAYBAR ELECTRIC CO. PARTS 40- 4504 - 801 -80 790200 9472 S4 2.049.43 6 * * * ** 5] * * *- CKS - c -v 1989 CITY OF EDINA CHECK. REGISTER 03 -20 -89 PAGE 14 \ ECY -NO- DATE AM�(NT VENQQR- ITEtlnE$CRIP_TIQN ArC9VNT NO INV A P 0 # MES °AGE 9 2 ' -- 079H0_q �3L_08/89 47-0_.30 HALLMAN — nIL 10- 4618 - ,6.0-55 -42497 8229_. s 470.30 * ** * –CKS IB 079H?2 03/14/•_89 100.00 HAROLD SWANSON POLICE SERV 10- 4100 - 430 -42 — 1 -0"p * - - -- ro " 079H23 03/08/89 100.00 HARRIS HOMEYER CO. INSURANCE 10- 4260 - 510 -51 _OZ9He ^3 03/0.8/89 100.00 HARRIS HOMEYER INSSJR9JCE 10 -4260- 510 -51 13 079H ^c3 03/08/89 1,325.00 HARRIS HOMEYER CO. INSURANCE 10 -4260- 510 -51 _ 14 079H-23 03/0$/89 225.00 HARRIS HOMEYER CO. INSURANCE 10- 4260 - 510 -51 5----- 0- 7-9-HZ -0- - D--Z9- — _--- LO.O_._0_p .__ HARRI Z-HOMEYER- C_O---- _LNSSlRANCE 10- 4260_5 t0 -sue_ a ,] 11850.00 * ** –CKS 19 2C 079H37 03/14/89 11980.00 HENN TECH CENTER TRAINING 10- 4202 - 440 -44 17237 9515 21 a 00 t 22 ------ - - - - -. _... - -- -4 4 ** *-CKS 5, 079HS6 03/14/89 197.93 HIRSHFIELDS PAINT 10- 4540 - 520 -52 420817 9216 26� 2]I 197.93 zu * ** -CKS 3O 079HGS 03/14/89 00.00 HOFFMAN- WILLIAM POLICE SERV 10 -4100- 430 -42 r_ 100.00 * - * * *- CKS ,� 35 079HSS 03/14%89 26.50 HUMPHREY RADIATOR RAD REPIAR 10- 4248 - 560 -56 9384 76 079H_•5 _- 03/14/89 4 50 HUMPHREY RADIATOR RADIATOR 10- 4248 - 560 -56 9355 33 75.00 * - - so - – 41 079I1c 03/09/89 506.64 IBM CORP MAINT AGREEMENT 10 -4288- 510 -51 4$ 506.64 43 44 4r * * * –CK$ 079I28 03/08/89 65.58 INDUST 6 TRUCK PARTS PARTS 10- 4540 - 560 -56 58872 9058 47 079I28 03/08/89 75.95 INDUST d TRUCK PARTS PARTS 10- 4540 - 560 -56 58941 9120 48 _ 141.53 49 * ** -CKS 52 079I49 03/14/89 28.92 INMAC SUPPLIES 10 -4570- 260 -26 9590 53 54 28.92 s5 SG '7 * ** -CKS ,1.�727 �C) 07/j4/!?9 1_1_4 -09 I.NTERIOR_-C-OM--S-YS, _ TELEPHONE 10- 4256- SIO -51 23357 "71 TRIM 1989 OF EDINA v nucnv un nwrr wun, u,r CHECK STER 03- 20 -81. ell i 2 1 - -- — — - 114.00 * * ' -- -- — '. 3 r — I * ** -CKS ° R RINTING P PRINTING 1 10- 4600 - 600 -60 5 5028 9 9_504 7 1 19.23 n7e;44 9 ne ee 2 9n� n RAihT r _ - v r16NMBEA 3 30-4544 782 - 784553 T + ,3 14 * _ 1 079J47 0 03/08/89 2 210.00 J JERRYS LSCAPE MAINT S SNOW REMOVAL 5 50- 4248 - 841 -84 6 6468 17 2 210.00 * ** -CKS 20 079J74 0 03/08/89 1 192.00 J JUSTUS LUMBER P PAINT /LUMBER 3 30- 4544 - 782 -78 7 79552 9 9109 21I _ _02-9-174 0 03 /0AZAq 3 31_..5.0 - - TUST- US_LUMBER R ROLLING —STOCK 1 1._0-4 -504- ¢96-64 8 81295 9 9303____._ z2 0 23 0 079J74 0 03/14/89 5 56.60 J JUSTUS LUMBER M MATERIAL 1 10-4540- 520 -52 7 72518 7 78996 z° J J74 0 03/14/89 2 200.S3 J JUSTUS LUMUR M MATERIAL 1 10- 4540 - 520 -S2 7 73348 9 9130 z' 0 079J74 0 03/14/89 2 24.96 J JUSTUS LUMBER M MATERIAL 1 10-4540 - 520 -52 7 70116 8 8599 2G 0 079J74 0 03/14/89 3 314.04 J JUSTUS LUMBER L LUMBER 1 10- 4540 - 520 -52 7 74271 7 7227 27 - -- 9 960.83* 29 * * ** -CKS 31 0 079K09 0 03/08/89 1 148.80 K KAMAN BEARING d SPLY B BEARING SEALS 2 27- 4540- 664 -66 6 658652 9 9407 I 3z 1 148.80 * * 4 I' 34 * * ** -CKS 14 38 1 11S.03 K KELLY SERVICES T TEMP SSERV 1 10- 4200 - 490 -49 4 4 37 1 115.03 * * ! !4 38 9 9 39 9 �w * 9 40 - -- --- - - - -19 41 0 079K35 0 03/14/89 3 35.85 K KNOX LUMBER CO. G GEN SUPPLYS 1 10- 4504 - 646 -64 4 410502 9 9577 • Li M 1 1 1989 CITY OF EDINA CHECK REGISTER 03 -20 -89 PAGE 16 CHECK NO nAIE AMOyNT VENDOR- ITEM- DESCRI.PSLOd AC -C.4UNL0 INV, # P.O. # _MESSAGE z 079K57 03/08/89 4,549.04 KUETHER DIST. CO. BEER 50- 4630- 842 -84 3 -- 6.224_84 3 * ** -CKS s ' 079L02 03/08/89 435.86 LABOR RELATIONS ASN. FEE FOR SERVICE 10 -4201- 140-14 0 435.86 •+ „ * ** -CKS ` Q79L04 03/14/89 417 -60 LAHAB$--Ci.RnRATlOd- _CiI�D�ALS 10- 4620 - 560 -56 3754 9307 3� 079L04 03/08/89 93.45 LAHASS CORPORATION PLOW PARTS 27- 4540 - 664 -66 003900 9392 141 S11.05 l: n ** *-CKS i 10 9 07912.8 03/1 /89 120.80 I A4M PRODUCTS SUPPLYS 10-4504-322-30 9278 079L28 03/14/S9 120.80- LAWSON PRODUCTS SUPPLYS 10- 4504- 322 -30 9278 20 079L28 03/14/89 120.80 LAWSON PRODUCTS SUPPLYS 10- 4504 - 322 -30 9278 079L23 -1 /14/ -9 03/14/•_.9 861 _8 -S- 261.85 LAW84N-PRODi1 -CSS LAWSON PRODUCTS MUSC- SUPILYS SUPPLYS 1_Q - 10- 4504- 325 -30 9279 9279 'Z ' 07,5L23 03/14/•_•9 261.85 LAWSON PRODUCTS MISC SUPPLYS 10- 4504 - 325 -30 9279 079L22 03/08/49 3$Q.57 L 10- 4504 - 646 -64 8868 ^5� 079L28 03/08/89 470.00 LAWSON PRODUCTS ELECTRIC PARTS 10- 4540 - 520 -52 8963 079L23 03/08/•_•9 461.97 LAWSON PRODUCTS BOLTS 10- 4620- 560 -56 8869 _ 079L23 03/ 4189 175 OR - I-AWSON__ER9D_UCT_1 _$UP- PL_Y_S _ 10-4- 520_560 -56 _913$ 079L.28 03/14/89 175.05 LAWSON PRODUCTS SUPPLYS 10- 4620- 560 -56 9138 079L28 03/14/89 175.05 LAW50N PRODUCTS SUPPLYS 10-4620 - 560 -S6 9138 '_ °l__ 072L2' 03/08/89 5545 LAWSON PRODUCTS BOLTS 10- 4620 - 560-56 9040 079L2S 03/08/89 312.09 LAWSON PRODUCTS BOLTS 40- 4504- 801 -80 8867 "i 079'2-5 03/08/89 143.91 LAWSON PRODUCTS PARTS 40- 4504- 801 -80 9030 '3 079.L °S - 03/-L4/89 3- 9823- _LAW59N_ -FRODU_CTS B0L- NUTS 40-45_04- 803 - 809137 I35 079L2S 03/14/89 39$.93 LAWSON PRODUCTS BOLTS /NUTS 40- 4504- 803 -80 9137 0791_2 .0• 03/14/59 398.93 LAWSON PRODUCTS BOLTS /NUTS 40-4504- 803 -80 9137 9G 2 783.62 30 3!1 * ** -CKS 079L30 03/08/89 1,490.00 LAYNE MINNESOTA CO CONTRACTED REPAIRS 40 -4248- 801 -80 16443 9378 d1 079L30 03/0S/S9 11985.00 LAYNE MINNESOTA CO. CONTRACTED REPAIRS 40- 4248 - 801 -80 16444 9356 42 019130 03/09/39 359.74 4AY _MINNESOTA CO. CHEM FEED PUMP 40- 4540 - 801 -80 10758 9559_ "'' 079L30 03/08/89 1,810.00 LAYNE MINNESOTA CO. BOOST PUMP 40- 4540 - 805 -80 10732 9462 079L30 03/08/89 905.00 LAYNE MINNESOTA CO. BOOST PUMP 40-4540 - 805 -80 10728 9373 6+S79-74 * - -- 401 + ** -CKS 491 079L34 03/14/89 15.15 LEEF BROS. INC. PROF SERV 23 -4201- 612 -61 079L74 03/14/89 35.20 LEEF BROS. INC. LAUNDRY 27 -4262- 664 -66 :z - -- - 54 * ** -CKS 079L46 03/08/89 27.75 LIEN INFECTION CON SERVICES 27- 4201 - 663 -66 8926 'G 57 27.75 \ „JJ♦ 3 � k ` i i v rr I 1989 OF EDINA CHECK .STER 03 -20 -8�, AGE 17 rwrrw Nn nATP AMOUNT VENDOR ITEM DESCRIPTION ACCOUNT NO INV # P.O. # MESSAGE + 2 , 3 ^ 15 079L52 03/08/89 50.00 LINJO ASSOC GEN SUPPLYS 30- 4504 - 783 -78 11802 9275 ' 11 6 C7 0 ITWO ASSOC UAT R TREATMENT 30- 4564 - 783 -78 1170.2 9405 ' 183.50 * �+ �o 9 ,o 1" 12 079LSG 03/14/89 32.03 LINHOFF OFFICE SUPPLYS 30- 4516 - 781 -78 146981 9660 ; 30-4516-782-78 4 724 9659 13 39.83 ,4 1 .6 " 15 079L60 03/14/89 1,800.92 LOGIS DATA PROCESS 10- 4233 - 160 -16 079L60 o3i14ia LOGIS DAIB_PRO 1- 4233 - 200 -20 19 079LGO 03/14/89 3,208.92 LOGIS DATA PROCESS 10- 4233 - 420 -42 'V0 21 079L60 03/14/89 11950.83 LOGIS DATA PROCESS 40-4233-800 -80 —O7c)Lbn 03/14/89 38P 29 1 061G DATA --P-? -CEPS SO- 4233 - 820 -82 zz 079L60 03/14/89 382.28 LOGIS DATA PROCESS 50- 4233 - 840 -84 _ ' 23 079L60 03/14/89 382.27 LOGIS DATA PROCESS 50- 4233 - 860 -86 24 A,901 PA 25 26 27 * * ** * * * -cKS = za 079L97 03/14/89 100.00 MERFELD -BERT POLICE SERV 10-4100- 430 -42 = `9 30 1 100.00 3 4 32 * *k lK ** __ * ** -CKS '4 33 - 02.9!107 03/0$./89 2, 935 45 MARK V i i �:AI FS BEER 5 46 0- $.^c2 -@ 34 079M07 03/08/89 6,471.95 MARK VII SALES BEER 50 -4630- 842 -84 _ __14 ^ 35 37 079M07 03/08/89 4,842.15 MARK VII SALES BEER 50- 4630-862-80 ° 4 14,249 99 111 ° 37 30 * ** —CKS 39 I 5 d0 079M11 03/14/89 225.00 MARTIN- MCALLISTER PROF SERV 10 -4201- 420 -42 2046 5 4, 42 225.00 * 5 S 44 *,kTil #klk * ** —CKS s 45 0 -QO MCCAREN DESIP NS_— PRQ-C9NM CT 30- 4224- 7$1 -7$ 958 o �° e d6 079M16 03/14/39 850.00 MCCAREN DESIGNS PROF CONTRACT 30- 4224 - 781-78 `e a7 079M16 03/08/89 947.59 MCCAREN DESIGNS TREES /FLOWERS /SHRUBS 30- 4660 - 782 -78 16497 8915 e. 49 To SHRUBS 30-4660-782-78 16501 9334 G 70 3,339.26 * 6' Gi 51 6 52 53 079M19 03/08/89 17.54 MCGUIRE AUTO SUPPLY PARTS 27- 4540 - 664 -66 9057 G' 54 7 7. 55 56 57 * * * *a* 7 * ** -CKS 71 a 1 1989 CITY OF EDINA CHECK REGISTER 03 -20-89 PAGE 18 -- - -•.•tea alanys<3srciri iury gccy�rvl NO. INV. # P.0_0 MESSAGE 3 ---- 07 -9M22 03ZO-9L89 a,.P30.. -22 MCNEILUS_ -STEEL REPAIR._P_AR.T_S 1.0.- 4599-550_c _ -5.6 70302._ 9028 079M22 03/09/89 1,500.00 MCNEILUS STEEL REPAIR PARTS 10- 4540 - 646 -64 70302 9028 0 079M_,2 03/14/89 208.39- MCNEILUS STEEL STEEL 10- 4620 - 560 -56 69831 9362 03[1- 4L•_•9 29.3_._3 MCNEILUP_SSEEL STEEL 10- 4§20-5{10-56 598319362-------- 079M22 03/14/89 208.39 MCNEILUS STEEL STEEL 10 -4620- 560 -56 69831 9362 - - -___ 0 079M• °2 L 07.9M�2 03/09,'• °_.9 03LO�J�89 11500.00 �y53II QO MCNEILUS STEEL ShCNE.ILUS_STEE REPAIR PARTS - REPAIR- P- AR_T_$ 40- 4504 - 801 -80 4_Q- g�_0�_ $q�g4 70302 70302- 9028 9028__- —7 t1 079M22 03/09/$9 11500.00- MCNEILUS STEEL REPAIR PARTS 40- 4504- 801 -80 70302 9028 2 5,4G8.61 14i * ** -CKS " 6 --- 079M ?5 03/_08[3.9 __ -_- _29__4.0. -_ _MED - OXYGEN_- _EQUIP —DEMUR RAGE_ -CHARGE 1 4- 4874. - 444 -44 " 079M25 03/14/89 196.40 MED OXYGEN & EQUIP EMERGENCY AIR 10 -4274- 440 -44 ____ is 079M25 03/05/89 93.29 MED OXYGEN & EQUIP BREATHING AIR 10 -4274- 440-44 0391125 03/0$[5;9 I 8 MED OXYGE N & E4V_IP OXYGEN 10-4510- 440 -44 20I 079M25 03/14/89 5G.21 MED OXYGEN & EQUIP EMERG OXYGEN 10- 4510 - 440 -44 I 079M25 -- 03/14/89 20.38 416 06 MED OXYGEN & EQUIP OXYGEN 10- 4510 - 440 -44 2a ** *—CKS 079M27 03/14/59 467.50 MERIT SUPPLY CLEANER 10- 4504 - 560 -56 21082 9289 `ci 2' 079M27 03/08/89 4,840.00 MERIT SUPPLY TRASH CONTAINERS 10- 4504-645 -64 21148 9413 '0 079M2.7— 03/_08[89 55_20__ - MERIT- SUP_ELY_ CLEAN 4_4- _G4- OL-G9_21 1_SL 9380______ 079M27 03/08/89 257.24 MERIT SUPPLY CLEANING SUPPLYS 10- 4504 - 646 -64 21193 9474 3' 079MR7 03/08/89 281.70 MERIT SUPPLY CLEANING SUPPLYS 10- 4512 - 540 -54 21049 9155 J1 __0_Z9M27 03/08/89 425-00 ME SUPPLY R_II_. WAX 10- 4540 - 560_ -SG 21035 9147__ 079M27 03/14/89 495.00 MERIT SUPPLY WASH /WAX 10- 4620- SGO -56 21072 _ 9209 I32 331-- _079M27 03/08/89 340.00 MERIT SUPPLY GARBAGE CANS 27- 4504- 663 -66 21197 9489 34 079M27 03/_08/y°2 3b.3�a0 MERIT.�LIP_ELY GAR @AGE_G9N5 27= 4504- GG_G_ -6G 21132_9416 3' 079M27 03/08/89 444.00 MERIT SUPPLY GEN SUPPLYS 28- 4504 - 702 -70 21174 9346 3G 079M27 03/08/89 1,360.00 MERIT SUPPLY GEN SUPPLYS 28- 4504 - 702 -70 21196 8428 3. —0 27 03/09/a9 42$_...25 ME:g_ 0- 4512 - 782 =78 212_00 95353 30 0791127 03/14/89 137.60 MERIT SUPPLY PAINT 40- 4544 - 801 -80 21121 VE94 _ 30 10,235.79 41 - -- - -- - * * * -CKf,. M13 __07_"29 03/14/89 120.00 MES3 R I & KRAMER AMBULANCE 10- 3180 - 000 -00 an� 120.00 * - I"' _._- __079M30 0 3l�18/ -89 1 �1 -9_.90 — MET._W&S'TE- CQN_ -COMM BLDG PERMITS 1 F 1,139.00 * 413 `ol 079M31 1 03/14/89 27.95 METRO FONE COMM RENTAL PAGER 10-4226-420-42 295119 27.95 * std *!Ltk�!k4 s4 079M41 03/08/89 166.95 MIDLAND PRODUCTS CO. COST OF GOODS 28- 4624- 703 -70 29466 9260 * 94 _ * ** -CKS - -_ --I 1989 v_ OF EDINA v n1.4r nv un nw,•r ti y "v V v C v CHECK 4STER 03 -20 -89 . -AGE 19 w unlwr urunnn rTru nr cnntrsr�nu AI+n AI��IT un ruu n u ur°ewnr 2 ' 07- 9M4603/14-/8Q 16_4-1- METZ- BAKING - -CO FOOD ?Z4624- 6.63 -66 4 079M46 03/14/89 16.41 METZ BAKING CO FOOD 27- 4624 - 663 -66 ' 079M46 03/08/89 12.62 METZ BAKING CO BREAD 27- 4624- 663 -66 ° 0.7SMA6 03/14/89 16 41 METZ BAKING CO FOOD 27- 4694 - 3-66 079M46 03/08/89 20.00 METZ BAKING CO CONCESSIONS 28- 4624- 703 -70 e 079M46 03/14/89 19.40 METZ BAKING CO CONCESSIONS 28- 4624- 703 -70 , 9 T'!____07 079M47 03/08/89 14.50 MIDWAY IND SUPPLY FREIGHT 10 -4540- 560 -56 90297 8768 - 9M_47 n ZDA /89 1 1-4 30 MIDWAY- II�ID- SUPPLY PARTS 1 0- ���69�G 2Q21�� 131 - 13 14 127.80 15 - 17 079M53 03/08/89 47.50 MILHOFF STEEL REPAIR PUMP SHAFT 40- 4248 - 801 -80 97107 9313 le 47 90 20 21 * ** -CKS 22 24 �gT9'1"n.7T. Galli 4'°° Gall O7 4°9.09 1 O MN. ASPHA6T ASSN. PF19NE 10 Pao :24 -42— — - 25 079M63 03/08/89 197.96 MN. BAR MIX 50- 4632- 822 -82 I' 26 079M63 03/09/89 181.80 MN. BAR MIX 50- 4632- 842-84 27 7-9M63 03 109489 94 35 MN PAR Mix SO- 46 2- 862 -86 28 29 474.11 * - 30 * ** -CKS 31 079M68 189.09 MN CELLULAR TEL. PHONE 10- 4226 - 420 -42 32 079M68 03/08/89 191.72 MN. CELLULAR TEL. CAR PHONE -10 -4204- 140 -14 807727 J3 380.81* 34 35 36 * * * ** * ** —CKS 37 079M70 03/14/89 52.00 MN. CONWAY EXTING SERV 10 -4274- 440-44 129217 30 079M70 03/08/39 168.00 MN. CONWAY SPANNER BELT 10- 4504- 440 -44 1113ES 95MO 39 7 -9M70 03/08/89 P06 00 MN—C_ONUAY LETTERS 10 -4574- 440 -44 11005 951_9 40 079M70 03/14/89 432.00 MN. CONWAY BUNKER PARTS 10 -4574- 440-44 11359 9190 _4 41 42 858.00 n 43 44 * * * * ** * ** -CKS 45 079H77 07/14/89 AR no MN FIEVATOR SERV CONTRACTS 30- 4288 - 782 -78 20434 9655 le 46 47 88.00 * ` 4e * * * ** -CKS C e 49 30 51 079M80 03/08/89 293.14 MN SUBURBAN NEWS LEGAL PUBLICATION ATION 10 -4210- 140 -14 10 -4210- 140 -14 C IE �e sz 53 647.27 * E 7 54 INC. MOWING SCHOOL 10 -4202- 600 -60 55 079M81 03/08/89 227.70 MN. TORO INC. MOWER PARTS 10- 4540 - 560 -56 741568 9325 ' '° 57 079MSI 03/08/89 89.71 MN. TORO INC. MOWER PARTS 27 -4540- 664 -66 741182 9182 ; � 4. t S 1989 CITY OF EDINA CHECK REGISTER 03 -20 -89 PAGE 20 2 3 397.41 * * ** -CKS 0.7.9m •= 07/ 14=82 5- 6_._.00 —MN-- WANNER----PARTS 0- .4248. - 542-64_071323.9632_ -_ ' 079MS5 03/07/89 72.00 MN. WANNER PARTS 10- 4540 - 540 -54 71181 ° 079MS5 03/07/ °9 19.00 MN. WANNER PARTS 10-4540-560 -56 71169 ' - 1-47 -0 0- *_ -- -- - -- „ 12 ** *-CKS 3j 079M93 03/14/89 540.00 MOTOROLA RADIO PARTS 10-4504- 440 -44 9685 4 540.00 * ** -CKS 0L-O7-9N . 43 03/14/89 420.00- MP- 5- -SE- UER- -&_- WATTER EPA-IRS 40=4248= 803 80 20685 9631 " 079NO3 03/14/89 420.00 MPLS SEWER S WATER REPAIR$ 40-4248- 803 -80 20685 9631 __ 20 079NO3 03/14/89 420.00 MPLS SEWER 6 WATER REPAIRS 40 -4248- 803 -80 20685 9631 2, 4-2 0 0 .0- -- 22 - 23 24 v**-CKS 25 079NO7 03/14/89 1,233.46 MTS NW SOUND GEN SUPPLY$ 30-1388- 000 -00 72921 8881 20 079NO7 03/14/89 149.00 MTS NW SOUND PROF SERV 30- 4201 - 782 -78 72890 9G78 27 - -- 1+382�4G -* 2° -- - - -- -- - - -- -- . 30 ** *-CKS il 079NO9 03/08/89 47.16 MUNICILITE CO. PARTS 10- 4540-560 -56 1380 9376 32 079NO9 03/08/89 4G4.16 MUNICILITE CO. LIGHTS 10-4540 - 560 -56 1379 9236 33 1J5 36 * ** -CKS 079N11 03/14/89 82.10 MURRAY SANDLER SUP GEN SUPPLY$ 30- 4504 - 782 -78 1640 9589 30 30 -.-- $2.10 a0 41 * * *a::r•:k - - -- - - - - * ** -CKS - -- "2 079N37 03/14/89 267.13 NFPA VIDEO 10 -1139- 000 -00 167627 8897 43 079N37 03/14/89 208.52 NFPA VIDEO 10- 4650- 440 -44 167627 8897 " 45 475.65 * ** -CKS 48 Q79N48 03/08/89 10.49 NO STAR TURF MOWER PARTS 27- 4540 - 664 -66 106.73 8885 491 501 10.49 * ** —CKS _... , 53 079N68 03/08/89 _ 42.50 NORTHSTAR ICE MIX 50- 4632- 822 -82 54 0.79N68 03/08/89 73.50 NORTHSTAR ICE ICE 50- 4632- 842 -84 55 079N68 03/08/89 58.50 NORTHSTAR ICE MIX 50 -4632- 862 -86 56 57 174.50 v u sm ;W- y • 1989 C... OF EDINA CHECK �. .STER 03 -20 -85 .4GE 21 -CHECK NO DATE AMO►INI VENDOR ITEM DESCRIPTION ACCOUNT NO. IiLV 1!_P 0_`NJIESSAGE — , 2 2 3 r�?e *-CKS - - - -�4 IS ' 079N82 03/08/89 146.20 NW GRAPHIC SUPPLY CRAFT SUPPLYS 23- 4588 - 611 -61 157594 9342 6 079mgp 03/08/59 19.2 3a —NW GRAPHIC qllPPL Y COST OF COMM 23- 4624 - 613 -61 157Q8 -6 9 U a -�7 ' 338.59 * 9 1c 10 11 079017 03/08/89 885.00 OFFICE PRODUCTS SERVICE CALL FIRE 10 -4288- 510 -51 074048 9339 f2 _07�A17 n3in ? /Rg 85_00 OMCE PRODUCTS SER_V_LCE_CALL-FIRE 1- 0-428_am5A 47_4048 9339 _�,l �" '3 079017 03/08/89 885.00— OFFICE PRODUCTS SERVICE CALL FIRE 10- 4288 - 510 -51 074048 9339 d 14 079017 03/08/89 4,843.50 OFFICE PRODUCTS NEW COMPUTER 10 -4902- 490 -49 074791 9419 15 -0 9.0» nil- 09/,9.9. 100 0.0 OEF- LCE- .- PRODU.CTS� COMPUTER—EQUIP 10-4`9- 0^c�- 5L�5LQZ49.89 4 .8.0 - - - -- ?. 6 079017 03/09/89 1,562.25 OFFICE PRODUCTS COMPUTER EQUIP 25- 4906 - 510 -51 074980 9180 12 2: t7 18 6,590.75 21d 19 20 * ** -CKS .2: 2i 21 79024 /oA /Sa 490 00 OEESET PR.IN.LIN_G SUPPLYS 10- 4504 - 510 -51 29724 2 _- 22 ,.07 079024 03/14/89 782.80 OFFSET PRINTING PRINTING 10- 4600 - 420 -42 29725 9688 23 24 1,272.80 * 3 3. 25 * * * * ** * ** -CKS 13 . 26 27 079010 03 /08/89 6 c4 OL n DUTCH FnDnA CHIPS 27 -4624- 663 -66 3' ____L3 20 6.54 * 3 3 29 30 ** Nt ** 3 * ** —CKS I4 31 4 32 33 079P05 03/08/89 443.12 443 12 * PAPER CALMENSON PLOW BLADE 10 -4620- 560 -56 379432 8992 14 14 - - - - =. 34 35 36 4 * ** -CKS i;' 4 37 03/14/89 130.93 PAULSON ART WORK SOLD 23- 3625- 000 -00 4 14 3 38 079P18 03/14/89 83.63 PAULSON PRO SERV 23- 4120- 613 -61 39 PI 4 40 41 42 3 * ** —CKS 5 3• 43 079P30 03/08/89 160.30 PEPSI COLA BOTTLING MIX 50- 4632- 822 -82 15 3 44 45 079P30 03/09/89 257.05 PEPSI COLA BOTTLING MIX 50-4632- 842 -84 - - - 5 _ Gi 46 568.00 6 6, 47 46 * * , ** 6. * ** -CKS 6 49 6' 50 51 079P44 03/14/89 211.05 at i nc * PHYSIO CONTROL BATTERY PAK 10- 4510 - 440 -44 A61202 9201 6 �6 — 6 52 G 54 7 * ** -CKS 7 7 55 079P46 03/14/89 85.50 PIONEER RIM & WHEEL WHEEL PARTS 10 -4540- 560 -56 125278 9124 7 36 37 079P46 03/14/89 85.50 PIONEER RIM & WHEEL WHEEL PARTS 10- 4540 - 560 -56 24901 9124 7 7 v L! h T. R a 1989 CITY OF EDINA CHECK REGISTER 03 -20 -89 PAGE 22 IP_T -I.ON. 9C_=_NZ Np INV . .#—P..-O. # MESSAGE. . __ : 3 171.00 ° s ** *—CKS 6 �7_%F_48 07/oR/89 184. t5 PIP -PBIN2ING S_UP-PLYS 14 =4544= 51_0= 5L4345 95 5___ _ __ 7 079P4-S 03/14/89 83.05 PIP PRINTING PRINTING 30 -4600- 781 -78 4398 9653 ° 0 267.20 ** —CKS _ _0_Z2PF.E 03/08/89 27.20 PLUNKEILS GEN SUP YS 28 -4504- 702 -70 594843 13� a'. 27.20 -- ,3 17 079P64 03/14/89 613.25 POMMER CO. INC. AWARDS 10 -4504- 627 -62 17524 9508 is 513.25 �I °I * ** —CKS z�� 079P7S 03/08/•_•9 340.00 PREMIER OUTDOOR SERV PROF SERVICES 30- 4201 - 782 -78 1002 9511 340.00 ** *—CKS 03/14/82 _78_._ 0 PRINTEIZS._::EPV —INL SHARP_ENIM"LADES 2 _74- 704= 7Q.35 95 f�7_0_79PZ8 78.00 * * * —CK JC 3' 079P80 03/07/89 8,344.87 PRIOR LAKE AGG. SAND GRAVEL ROCK 10- 4522 - 318 -30 33I 8.3.44_..$7 3° 35 *:h: %:1:4: 3° * ** —CKS 37 079009 03/08/89 145.00 QUALITY REFRIG. SERVICE CONTRACT 27 -4288- 663-66 103690 30 145.00 40 * ** —CKS 0790.20 03/14/89 70._22— QUACK SERV BATTERY FILTERS 10-4510- 560 -56 29355 9134 M131 079020 03/14/89 70.92 QUICK, SERV BATTERY FILTERS 10 -4510- 560 —S6 29355 9134 °A 079Q20 03/14/39 70.92 QUICK SERV BATTERY FILTERS 10- 4540 - 560 -56 29355 9134 .—_079 -7 °0 03LL4lR9 — 5.5_..22 — _QUI. -C K_SER V__B A T T E R Y FILTER. 10_4!5_4Q_-5_6_0_—_S,6 _ 221.16 a6 079'120 03/14/89 47.76 QUICK SERV BATTERY FILTERS 10- 4540 - 560 -56 29148 9143 a7 07C4?0 03/14/89 24.74 QUICK SERV BATTERY PARTS 10- 4540 - 560 -56 29128 9037 "0_ -03. C12o 03/14/89 112.44 ____9U CV BATTERY FILTER 10 -4540- 560 -56 29698 9385 a° 079020 03/14/89 11.92 QUICK SERV BATTERY FILTER 10- 4540 - 560-56 29135 9037 so 079,g20 03/14/89 58.32 QUICK SERV BATTERY FILTER 10 -4540- 560 -56 29145 9116 s. - - - -- 382-32 * _ 54 - —---- - - - - -- _. . * ** —CKS 1 ss 079022 03/14/89 192.44 OUIK PRINT PRINTING 28- 4600 - 701 -70 032457 9654 — 56 37 192.44 * —' 1 ti gJ 1989 OF EDINA CHECK STER A M^l 1- klo�lmnm TT M n� P-MTMTT^►l 03-20-85 AGE 23 ACCOUNT NO—INV. #P-0. # MESSAGE 079P01 03/08/89 20.00 R & R SPECIALTIES GEN SUPPLYS 28-4504-702-70 10250 9585 20 00 7�8 ***—CKS : 0� 079P.13 03/14/89 132.00 RADIO INSTALLS RADIO RENTAL 10-4226-440-44 13406 1 12 132.00 13 ***—CKS 14� I F, 0_ So-- -RAINBOW—LEASING --_------TRAILER LEASE----- 10=4226 507-50 _M6A 094 079P.15 03/14/89 570.53 RAINBOW LEASING TRAILER LEASE 10-4226-507-50 M61091 171 0798IE; 03/14/89 20.50 RAINBOW LEASING TRAILER LEASE 10-4226-507-50 M61094 1O 079R15 92/14/P-9 E-0-50 AINBO ER LEASE 10-4226-507-50 M61094 591.03 ***—CKS : L0_Z9,R21 079P.21 03/08/89 663.50 RED WING SHOES UNIFORMS/LAUNDRY 10-4262-301-30 4 03/08/69 98.55 EQ__t4J_kG SHOES 10-4262-560-56 079121 03/08/89 310.90 RED WING SHOES UNIFORMS/LAUNDRY 10-4262-646-64 26 079R21 03/08/89 87.50 RED WING SHOES UNIFORMS/LAUNDRY 40-4262-801-80 27, 079P.22: 03/14/89 114.30 REM SUPPLIES KNIVES 10-4504-440-44 22289 9191 _3o____0_7_9 950,Q0 REM SUPPLIES PAINT 30-4544-782-78 8027 31 .32 1,064.30 35 079RES 03/14'e-9 64.95 RENTAL EQUIP & SALES FILMS 10-4504-644-64 12670 9456 35 T9_ R Pf 5 07/14/A9 04_75 RENTAL IMLI-t 6 SALES TRAININGFILM5 10-4540-544-64 I2670 31 079R2S 03/14/89 64.95— RENTAL EQUIP & SALES TRAINING FILMS 10-4540-644-84 lEOTO 9458 'n]079R25 03/14/•9 21.90 RENTAL EQUIP & SALES SAW PARTS 10-4580-644-64 12804 9464 39 AS 40 41 ***—CKS 43 079R33 03/09/89 3,170.60 REX DISTR. BEER 50 -4630-822-82 44 079R33 03/09/89 4,221.00 REX DISTR. BEER 50 -4630-842-84 45 _0-?9k33 03 z0g/g 2- 9-98.10 REX DISTR ----BEER 50-4630 - 86.2 -86 46 47 10,389.70 48 ***—CKS 07981-5 03/14/89 20.90 RICHFIELD PLUMS 6 CO GEN SUPPLYS 30-4504-782-78 2733 9014 5 35 —a0 RI-CHFIF—LD—EL-UMB—&—CD------GEN--$-UP—P—LY--$— 56.70 54 ***—CKS 55 56 � d57 079R43 03/08/89 107.31 RITEWAY BOOSTERS 10-4540-560-56 166641 9315 1989 CITY OF EDINA PucC l/ mn nATG AM/11 IIUT CHECK REGISTER 03 -20 -89 PAGE 24 VCh11V o TTCM 11RRP0TPTTnM ACC1111MT Mn TNV A P n A MFRRACF 1 2 079843 03/08/89 135.80 RITEWAY TRANS KIT 10- 4540 - 560 -56 166833 9365 _3 ---- 07_9R47 fi3L08/_S9. — 33..._0.0- _RITEWA__Y ._— ____— CRED -IZ 4 S 210.11 ° 079R49 03/14/89 16.22 ROAD RESCUE AIRWAYS 10- 4510 - 440 -44 020145 8888 4.9— 0?"448 _" -0 -.48 ROAD -RESCUE EOAS_ - 10-45L0= 4_40-4 01.07]5 -9687 10 079R49 03/14/89 140.80 ROAD RESCUE EOA TUBES 10- 4510 - 440 -44 020113 8888 11 079849 03/14/89 11.41 ROAD RESCUE BLADDER /AMBULANCE 10- 4510 - 440 -44 020338 8888 1z 1,068.91 13 14 * *klral:x IS * ** -CKS 18 079R53 03/14/89 36.00 ROBERT B. HILL SALT 10- 4504 - 440 -44 12397 " 36.00 19l * ** -CKS - - -- 2' 079R.77 3L_0 2L_89 1 1 3 _ c^o ROYALDR_OWN__BFV — MI).{_ 5 4632= $22 -$.2- 22 079R77 03/09/x9 61.36 ROYAL CROWN BEV. MIX 50-4632- 84E -84 `3I 079R77 03/14/89 131.20 ROYAL CROWN BEV. MIX 50- 4632 - 862 -86 ° 305 76 2a gal * * * *a r 2� ** *-CKS 2a 079R79 03/08/89 56.25 RTW INC. FEE FOR SERVICE 10- 4260- 510 -51 zs 30 56.25 31 * * *w ** 32 ** *-CKS 33 __0398_p3 03/0 /29 . 2._42 RUFEBIDDJ"LOlHLLSQN BV55HI.N%$ 10- 4540 - 560 -56 56179 8977_______ 34 3s 72.02 * ** —CKS 30 079-615 03/14/89 77.38 SEARS SOCKETS 10- 4580 - 560-56 9048 3J _.- .07951.5 -_ 03/_0 8/ _89 _- 129__88 SEARS -_ -_ REPAIR$ -_25- 4248 - 702-70 9157 079515 03/08/89 83.74 SEARS GEN SUPPLYS 30- 4504- 782 -78 8376 079815 03/14/89 77.38- SEARS SOCKETS 40- 4580 - 560 -56 9048 A2 79S15 03/14/89 77.38 SEARS SOCKETS 40 -4580- 560 -56 9048 _ 43 4., 291.00 45 - -- *** *,-CKS - -- a6 4' 079519 03/14/89 324.42 SEELYE PLASTICS FLUORIDE PARTS 40- 4540 - 801 -80 135357 9388 40 079519 03/14/89 324.42 SEELYE PLASTICS PARTS 40- 4540 - 801 -80 135357 9388 40 079519 03/14/89 324.42- SEELYE PLASTICS FLUORIDE OARTS 40- 4540 - 801 -80 135357 9388 4OI 079519 03/14/89 151.10- SEELYE PLASTICS PIPE 40- 4540 - 803 -80 134492 9288 'i__07951.9 03/14/89 14L10 _S EELYE_PLAS.T.I_C_S p_IP_E 49- 4540 -803 - 80.134412_9283_____. -____ 52 079519 03/14/89 151.10 SEELYE PLASTICS PIPE 40- 4540 - 803 -80 134492 9288 S3 34 475.52 * 3' 079520 03/08/89 P -56.00 SEIDEL - ROXANNE PRO SERVICES 30- 4201 - 781 -78 S8 s� 256.00 * - -- -- - V .l ..t �.I 1� L 1989 Calf OF EDINA CHECK nurnv Y1n nATC AMAIINT VFNOOR STER 03- 20-81, AGE 25 ITEM__ DESCRIPTION ACCOUNT NO. INV. # Py9. N MESSAGE t 2 I' 2 ** *CKS - -- J4 4 7 5 07957 03/14/89 14.10 SHERWIN WILLIAMS PAINT 10-4504- 646 -64 82913 9467 6 7 ° 07-"P7 03/14/89 14-4 4.6 SHERWIN_LLILLIAM$ PAINT 10-4544-125-3 4 4 "493 930J ° 07957 03/08/89 12.99 SHERWIN WILLIAMS DROP CLOTH 40- 4544- 802 -80 67781 9220 ° 91 079S27 03/08/89 13.47 184 nA SHERWIN WILLIAMS PAINT 40-4544 - 802 -80 9217 -- ,o * ** -CKS 13r 11l 079530 03/08/89 83.10- SIGN CENTRAL PROF SERV 30-4201 - 781 -78 63767 9537 ' 71 079530 03/08/89 83.18 SIGN CENTRAL PROF SERV 30- 4201 - 781 -78 63767 9537 15i_07.9cln __03/0.,/89 83 10 SIGN - CENTRAL PROFSERV 30- 4201 - 781- 78�3Z6 -7- 953 "7—_ _.. - 2 �z 1B 83.18 * 2 17 1° 2 * ** -CKS -- 20 079532 03/08/89 130.35 SOFTWARE FIRST COMPUTER SOFTWARE 10 -4902- 510 -51 18488 9354 z 2 2 21 1 22 23 * ** -CKS 3 24 * * * ** 079334 03/8/89 2.69 SOUTHDArF. FORD PARTS 10- 4540 - 560 -56 200686 3 25 079S34 03/08/89 57.64 SOUTHDALE FORD PARTS 10- 4540-560 -56 200301 3 26 079834 03/08/89 41.02 SOUTHDALE FORD PARTS 10- 4540-560 -56 200198 3 27 - - -0 -79534 03�O8G89 6.7._Gc; ^- FORD. TRANS_.P.ARZ_ 20 079S34 03/08/89 65.40 SOUTHDALE FORD PARTS 10 -4540- 560 -56 200444 3 29 079S34 03/08/89 42.47 SOUTHDALE FORD PARTS 10- 4540 - 560 -56 200126 , 30 276.87* _ 31 32 33 e�no�a D3�OR /R9 26 _9.5 SOL)T iEBN VACUUM VACUUM REPAIR 50-4236 - 801 -86 4 4 4 34 26.95* • 29--6.4- 4 37 36 079RIA 01/08/89 2.246.80 SOUTHSIDE DISTR. CO. BEER 50-4630- 822-82 4 37 079536 03/09/89 6,923.05 SOUTHSIDE DISTR. CO. BEER 50- 4630- 842 -84 35 39 91169 . 85 * �= * ** -CKS 1° 41 42 72c4C 03/09/89 37.90 ST. PAUL BOOK SUPPLYS 10 -4540- 540 -54 868172 95651 - 43 079545 03/08/89 4.95 ST. PAUL BOOK SUPPLYS 27- 4516 - 661 -66 870534 44 079S45 03/08/89 44.65 ST. PAUL BOOK OFFICE SUPPLYS 27- 4516- bbt -6b 870547 4' 79SAS 03GOSL9 C 50 ST PAUI�BOOK OFF -ME- SUPPLYS 27= 45L6=6_6_ L6St $680_49 46 079545 03/14/89 12.51 ST. PAUL BOOK SUPPLYS OFFICE 27- 4516 - 661 -66 868221 c 147 079545 03/08/89 10.20 ST. PAUL BOOK OFFICE SUPPLYS 27- 4516 - 661 -66 868109 e 40 079645 03/14/89 $ 56 ST PAUL BOOK SUPPLYS 40 -4504- 801 -80 870542 9311 c 40 124.27 30 52 153 079554 03/09/89 311.15 STAR 8 TRIBUNE ADVERTISING 10 -4212- 510 -51 54 01/08/A9 R & TRIBUNE ADVERTISING 10- 4212 - 510 -51 55 596.90 S6 `le i l , a S r_ w « e � t (I 1989 CITY OF coIwx -~~-` ~~ ~^-~ ^~~'~- onscx nsozorsn 03-e0-89 pAos co `~^ ~ ~ ~ ~ ~~~~^~~ 079SGI 03/08/89 90.00 STATE TREASURER SUR CHG TAX 10-3113-000-00 079S77 03/07/89 118.87 SUBURBAN CHEVROLET REPAM 10 1. 0.0_._0 0-- SUBURBAN-CHEVROLET--REPAIRS 10-4E4a_-560-56_7506Q_ 079577 03/07/89 1 4.59- SUBURBAN CHEVROLET PARTS 10-4540-560-56 IOES77 079S77 0'1/07/89 10.58 SUBURBAN CHEVROLET PARTS 10-4540-560-56 102841 9S77 0;/07/R9 -V rH V 10-4540-560-56 IOE707 1 079577 03/07/-59 5.9VE SUBURBAN CHEVROLET PARTS 10-4540-560-56 IOE679 2, 079577 03/07/e9 1'3.11 SUBURBAN CHEVROLET PARTS 10-4540-560-56 10351?- 2 309.01 24 1 079.S78 03/14/89 31906,25- SUBUR A" _PLUMB SUP CABLE TV 10-2148-000-00 079S78 03/14/$9 31906.ES SUBURBAN PLUMS SUP CABLE TV 10-2145-000-00 26 079S78 03/09/89 50.87 SUBURBAN PLUMS SUP HEATER ELEMENT 23-4504-611-61 90so 23 079S7C 03/14/89 153.18- SUBURBAN PLUMB SUP REPAIR PARTS 40-4S40-801-80 9215 29 079S7e 03/08/89 121.S3 SUBURBAN PLUMB SUP REPAIR PARTS 40-4S40-801-80 9370 30 1_9S78 03/14/S9 153.18 SUBURBAN PLUMB SUP REPAIR PARTS 40-4S40-801-80 9215 31 .079Z78 03/08/89 123.61 SUBURBAN PLUMS SUP REPAIR PARTS 40-4S40-801-80 9149 .32 079S78 03/14/89 153.18 SUBURBAN PLUMB SUP REPAIR PARTS 40-4540-801-80 9als 34 07957$ 03/14/89 417.12- SUBURBAN PLUMB SUP CREDIT 40-4540-801-80 35 079S78 OZ/08/89 88.42 SUBURBAN PLUMS SUP REPAIR PARTS 40-4S40-801-80 19061 03/14/$9 417.1a- SUBURBAN PLUMB SUP CREDIT 40-4540-801-80 37 102.7S 141 079S83 03/08/89 34.02 SUPERAMERICA GASOLINE 10-4612-560-56 166e19 42 34.02 079587 03/14/89 3,906.25 SW SUBURBAN CABLE CABLE TV 10-2148-000-00 C2 079�;92 03/08/89 14.40 SYSTEM SUPPLY SUPPLYS 10-4SO4-SIO-Si 020993 941S z: 79TAI 07/14/99 249S- -TANDY_jMNS_UMEf;L_SMV__RE0AIR PARTS 10-4510-S40-54 35644 9152 1989 f OF EDINA I CHECK iSTER 03 -20-8: AGE 27 ACCQUNLNO�INV # P 0 k MESSAGE 2 079701 03/14/89 - 24.95 TANDY CONSUMER SERV. REPAIR PARTS v„ 10- 4510 - 540 -54 35644 9152 3 079TO I - - - -- -03/14/89 - - - -- ------ .-- - - - - -- 35.56. -.- ---- . - -. -- TANDY _CONSUMER SERV_.- -__.._ PARTS - __- _______._- _.__- __..1..0- 9540 - 520 - 52.35646 9317 °j 079TOI 03/14/89 24.95 TANDY CONSUMER SERV. REPAIR PARTS 10- 4540 - 540 -54 35644 9152 5 0 60.51 a * * * #, r - - - -- ***-CKS °'---- 07-9T0 -03 /- 091.89 - -_ - -. - -85 5 - _____- TARGET- -- - - -_- — SUPPLIES 10- _450_4 - 9_49-44__- 0 85.52 _____8908 - - * ** -CKS - - -- - _ - I °j 079TH 03/14/89 112.50 TESSMAN SEED R CHEM. TREES PLANT SHRUBS 30 -4560- 783 -78 12091 9441 15� -- 079t1 i_.___ .- 03/14/_&9 -- __- ..- ._._.__- _....11.2_ -SO -- _.__. - _TESSMAN SEED d. CHEM.----.- TREES-PLANT-SHRUB - .__30-4669_783- 78_A2091 _ -9441 10 079T11 03/14/89 112.50 TESSMAN SEED d CHEM. TREES PLANT SHRUB 30 -4660- 783 -78 12091 9441 17 18 112.50 :o * *+-CKS 21 _ 039 -T-t9 03LQ8 /8 -9. 3._c0.0- .- 0 -0 -- TllE -P1RKL-AGSQC —_ _LRO-EEES— 27 201- IzG4 -6G za� 3, EEO . 00 - 3 )T20 03/08/89 33295 THE PRINT CHOP MONTHL-PFW$LETTER 10- 4600 - 623 -62 9106 8893 251 0797'0 03/08/89 365.90 THE PRINT SHOP MONTHLY NEWSLETTER 10-4600- 628-62 9380 9328 25 .7 - - - -- 698.85 * ** -CKS J0 _0.79T2G 03/08/89 22.6.70 THERMAL CO. GEN SUPPLYS 28- 4504 - 704 -70 9345 31 32 226.70 * - - -- - -- 33 - * *_Y_1: , - -- - -- * ** -CKS _ 134 35 079T29 03/08/89 10,812.12 THOMSEN- NYBECK LEGAL 10-4201 - 220 -22 2 .- _0317 ?9 0-3/08/89 11.2]_6.37 THQMSEN- NYPECK LEGAL 10- 4201 - 220 -22 137 22, 028.49 * - - - -- - - -- 30 X39 _- 40 079Z3.0 n3fna/89 R.�1.2 30 THDR1?E�L•S1R_ BEER 50= 4.63968_ -_ 41 8,212.30 * -- -- - - - - --- - -- -- °' 079T31 03/08/89 272.17 TIERNEY BROS INC. SUPPLYS 10- 4504 - 510 -51 27251 43 44 272.17 * - - ,k h,R -CKS _ -- _ 47 079T40 03/14/89 25.84 TOLL COMPANY WELD SUPPLYS 10- 4504 - 325 -30 36578 9203 40 079T40 03/14/89 130.57 TOLL COMPANY WELD SUPPLYS 10 -4610- 560 -56 230474 9205 "I 079T40 03/14/89 53.03 TOLL COMPANY SUPPLYS 40- 4504 - 801 -80 36707 9012 50 Sit - -- 209.44 52 ** *-CKS 54 56 TOWN & COUNTRY DODGE PARTS 10- 4540- S60-56 46531 9314 55 079TSO 03/08/89 31.20 TOWN 6 COUNTRY DODGE PARTS 10 -4540- 560 -56 29186 9280 50 57 89.76 f 198%1 CITY OF EDINA CHECK REGISTER 03-20-89 PAGE es CHECK NO DATE AMoUNl__ VENDOR __JLTE"E.lSCR_I U-ION ACCQUNT NO. INV. #.P.O.—#-MESSAGE 2 3 ### -CKS 5 079T53 03/08/89 4,550.14 TRACY OIL GASOLINE 10-4612-560-56 T8083 6 4.550.14 7 # ## -CKS :0� 079T68 03/08/89 39.03 TRIO SUPPLY CO mix 50-4632-862-86 1 12 39.03 ***-CKS '___079TP4 3/_ A/A9 _24._00 _W. I N C-I TYE NGlNE_ PARTS-- 1 OnS40=56-0 =56-58300 ---9206- ! 6 24.00 :7 0� * * * -1 - * * _# ## -CKS 079T88 03/08/89 16.32 TWIN CITY HOME JUICE mix 50-4632-862-86 2z�23 # ## -CKS 079UOS 03/14/89 1,609.24 UNIFORM UNLIMITED UNIFORM ALLOWANCE 10-4266-420-42 079!.)0P, 03/14/89 19S.00 UNIFORM UNLIMITED UNIFORM ALLWANCE 10-4266-430-42 3/ 4ZS UNIFORM-UNLIM-ITED 079U04 03/14/a9 30.00 UNIFORM UNLIMITED FLASHERS 10-4540-560-56 13101 9483 079LI04 03/14/a9 90.70 UNIFORM UNLIMITED REPAIR PARTS 10-4540-560-56 1,995,94 311 ***-CKS 079U14 03/09/89 25.24 UNITED ELECTRIC CORP PARTS 10-4540-SE0 -5e 9475 2S.24 # ## -CKS __07_%U25 IA-79 -U.N.1-VERSAL-MED-SERV EQUIP-MAI T _Qm427 4-420:-A 001365 16.75 # ## -CKS 31 079V10 03/08/89 414.29 VALLEY INDUSTRIAL LP FUEL 28 -4612-704-70 48 # ## -CKS 49' 079V30 03/09/89 233.60 VANTAGE ELECTRIC REPIAR ELEC 28-4248-702-70 010571 9588 so 079V30 03/08/89 403.10 VANTAGE ELECTRIC PROF SERVICES 30-4e01 -782-78 10581 95I0 636-70 52 33 �4 # ## -CKS 079W08 03/08/89 26.96 W.W. GRAINGER SUPPLYS 27-4504-666-66 9437 9w08 03/08/89 100.36 W.W. GRAINGER FAN 27-4504-666-66 9437 1989 t_ OF EDINA I J J M CHECK 1. ASTER AVnl1�IT 11��111A� TTCV nCOQ OTMTTAM 03 -20 -SS AGE 29 II A. _ LCC9UN NO, INV # P.- O. # MESSAGE ! -- ----- - �.___ -___ - __- - -. - -_ - -- _- _ -_. -- - - - -_ -- -_- - - - -_ _ _ _ - - -_ -- - - - -_. = 079WOS 03/08/89 11.32 W.W. GRAINGER PARTS 27- 4504 - 666 -66 9417 --- 079W0S---- 03/--- 4/- 89-- - - - - -- 423_ 91- .--------- W_W.-- .GRAINGER - -_ ___DR.ILL_PRESS -__ 4_0- 4274-903- 80_- ___ -__ 9283._ ... ° 079WO0t 03/14/89 259.77 W.W. GRAINGER ELECTRIC MOTOR 40 -4540- 801 -80 9284 ' 822.32 6 - - - ***- CKS - 9I-- .0791- 1S- - -- 03�'1�C.'- °9 - - -- - - - - -- 1.00-- 00- .- - - - - -- WALTER - JOHNSON---------- -- P_OLICCE -SERV - t0-41-0 -0- 43.0 -42- - - - - -- - - -- -_. 0 100.00 :+ '2 W * ya »::r -- -- -- -- - - - - - -_ .- --- - - - -- - - - - - * * * -CKS 131 a� 079W21 03/08:89 134.28 WARNER INC SUPPLY SPRAYER 10-4504- 301 -30 8851 16 1' 10 * ** -CKS ° 079W25 03/14/89 114.05 WASTE MGMT- SAVAGE GARBAGE 10- 4250 - 301 -30 ' 079W?S 03/14/89 83.14 WASTE MGMT - SAVAGE GARBAGE 10- 4250 - 440 -44 :LLI_ - -- 079W2t -- 03/_.1.9.'Q9. -- »A3 -_20 _WASTE -_ -MGMT- SAVAGE. _ GARBAGE _ -_ _i- 0_-4250-.2.0 -52 C2 079WZS 03/14/89 114.05 WASTE MGMT- SAVAGE GARBAGE 10- 4250 - 540 -54 ' 079W- -"5 03/14/S9 27.71 WASTE MGMT - SAVAGE GARBAGE 23- 4250 - 612 -61 `a �7aW- n3Lj_4/a9 83 AR5AG.E 27= 4250- 6G2 -66 079W25 03/14/89 12.80 WASTE MGMT - SAVAGE GARBAGE 27-4250-664 -66 ` 079425 03/14/ °9 27.72 WASTE MGMT - SAVAGE GARBAGE 27- 4250 - 667 -66 z'I.---- 079u25 __0- 3/_1.4/_$1 SAVAGE -__ GARBAGE 20 07 %W2c 03/14/!39 1 %8.80 WASTE MGMT - SAVAGE GARBAGE 30-4250 - 782 -78 '9 079W25- 03/14/89 294.40 WASTE MGMT - SAVAGE GARBAGE 50- 4250 - 841 -84 3D 12WPS 03/14/89 294.40 WASTE r, - SAVAGE GARBAGE 50 -4250- 861 -86 T' 1,524.11 34 J5 079W44 03/14/89 82.24 WEST WELD SUPPLY CO. BLADES /SAW 10- 4504 - 560 -56 76548 9044 J° 0_7.9WAA 0-3/14/89 71.41 WEST WELD SUPPLY CO. WELD RODS 10- 4610- 5GO -56 76641 9224_ 3' 079W44 03/14/89 238.51 WEST WELD SUPPLY CO. WELDING SUPPLYS 10- 4610 - 560 -SG 76561 9044 33 39 392.16 ao - 41 -- * *k: a:* - -- ---- - - - * ** -CKS -- 42 Q79W49 03/14/89 227.68 WE T-IDE EQUIPMENT DUMP PAIL 10 -4540- 540 -54 17667 8997 -_ 43 44 227.68 4s 46 4' 079W63 03/14/89 118.00 WM BAIRD CO PRINT 23- 4600 - 611 -61 126 9187 40 49 50 51 * ** -CKS 52 079W66 03/07/89 38.56 WILLIAMS STEEL PAINT 10- 4504 - 560 -56 166238 53 079W66 03/07/89 75.61 WILLIAMS STEEL PAINT 40- 4504 - 801 -80 167426 54 55 ull. * * * * ** * ** -CKS l:. 1989 CITY OF EDINA uAl 1- CHECK REGISTER 03 -20 -89 PAGE 30 1,C ►In AD TTCm nCOPmTOTTn \1 AAPnII \IT ILIA TNI/ A D n A mra4'ACC 23 5,524.02 FUND 23 TOTAL ART CENTER 3 24 77.25 FUND 25 TOTAL CAPITAL FUND 3 25 13,971.34 FUND 27 TOTAL GOLF COURSE FUND I3 26 72,036.00 -.— 035. =_ FUND 28 TOTAL RECREATION CENTER FUND 3 27 FUND pc) TOTAL GUN—RANGE FUND 3 as 11,339.13 11 s) FUND 30 TOTAL EDINBOROUGH PARK 3 29 17,399.46 FUND 40 TOTAL UTILITY FUND 3 3 30 1,9B9.50 FUND 41 TOTAL STORM SEWER UTILITY 4 31 69,928.15 FUND 50 TOTAL LIQUOR DISPENSARY FUND j4 32 10,959.50 FUND 60 TOTAL CONSTRUCTION FUND 4 33 .t 34 470.529.99 470,7656.42 TOTAL -- 14 35 4 3e 44 37 14 3e 5 5 39 5 40 5 41 5 S A2 3 43 5 44I I3. 5 4S 6, t 46 6 47 6, e 48 6, 49 6' SO ° e St 33 7i 7 54 7 55 7, 56 7 7: 77 7, 2 2 2 3 .079L171 0 03/08!89 5 56a-25 W WINFTFI D D D DEVEL_ R RENT 1 10- 4201- 627- 6Z- 0.1.05'L.0 - -- 14 4 5 568.25 * 5 5 ° * * *** —CKS �e ° 0794184 0 03/14/89 5 50.00 W WOMAN$ C CLUB OF MPLS A ADVERISING 2 23- 4214 - 611 -61 9533 10 c c 13 079W92 0 03/14/89 1 100.00 W WROBLESKI—HENRY P POLICE SERV 1 10- 4100 - 430 -42 t4 1 100.00 1 1 17 2 2 18 079YOR i i R REPAIRS 3 30-4248-782-78 56279 9523 2 z 19 7 784.34 21 * 2 22 2 265,251.78 2 265, ^._ . . . — F FUND 1 10 T TOTAL G GENERAL FUND \ \ a` Y r r r 4p • It 1989 OF EDINA PLICPI! MA AATC AMAIIMT CHECK STER UCMAAO TTCM ACCP�T�TTAM as GE 1 ACCOUNT NO. INV. N P.O. M MESSAGE I It 2 033700 03/09/89 6,167.32 METRO REFUSE SOTH ST GARBAGE 10 -4201- 395 -30 MANUAL i3 3 6.167.32 4 e e a * ** -CKS e 7 033P36 03/09/89 4.30 PETTY CASH MEETING EXP 10- 4206 - 100 -10 MANUA1 6 033P36 03/09/89 84.70 PETTY CASH MEETING EXP 10 -4206- 140 -14 MANUAL ' 33P3& 03/09/89 2.70 PETTY CASH MILEAGE 10 -4206- 160 -16 MANUAL 10 033P36 03/09/89 29.00 PETTY CASH MEETING EXP 10 -420G- 200 -20 MANUAL + 11 033P36 03/09/89 4.75 PETTY CASH PARKING 10 -4208- 200 -20 MANUAL ' 12 033P36 03/09/89 10.00 PETTY CASH PARKING 10 -4260- 510 -51 MANUAL , 13 033P36 03/09/89 9.95 PETTY CASH POSTAGE 10- 4502 - 600 -60 MANUAL 14 033P36 03/09/89 13.00 PETTY CASH COOUNCIL PICTURES 10 -4504- 100 -10 MANUAL ' 's 0 -33P36 03/09/89 8.50 PEZTY CASH SUPPLYS 10- 4504 - 120 -12 MANUAL_ 2 fs 033P36 03/09/89 37.49 PETTY CASH PHOTOS 10 -4504- 200 -20 MANUAL 12 17 033P36 03/09/89 30.00 PETTY CASH SUPPPLYS 10- 4504 - 490 -49 MANUAL 2 1s 033P36 03/09/89 33.36 PETTY CASH SUPPLYS 10 -4504- 600 -60 MANUAL 2 19 033P36 03/09/89 44.70 PETTY'CASH SUPPLYS 10- 4504 - 627 -62 MANUAL 2 I 20 033P36 03/09/89 7.65 PETTY CASH PARKING 10 -4804- 140 -14 MANUAL I2 21 P36 03/09/89 54.23 PETTY CASH GEN SUPPLY 28- 4504 - 702 -70 MANUAL 2 _ z 22 033P36 03/09/89 23.40 PETTY CASH MILEAGE 40- 4208 - 800 -80 MANUAL 2 23 24 397.73 * 3 3 3 27 26 * * * *** ** *-CKS 3 3 27 .39982 03/09/89 42.75 AT &T TELEPHONE 10 -4256- 510 -51 MANUAL , 28 034A82 03/09/89 5.41 AT&T TELEPHONE 10- 425G- G22 -62 MANUAL 3 29 034A82 03/09/89 2.34 AT&T TELEPHONE 23 -425G- 612 -61 MANUAL 3 30 034A82 03/09/89 32.74 AT&T TELEPHONE 27- 4256 - 662 -66 MANUAL 3 4 J1 83.24 * 32 14 4 33 4A83 03/09/89 $9.29 AT&T TELEPHONE 10 -4256- 510 -51 MANUAL 4 34 034A83 03/09/89 468.00 AT &T TELEPHONE 10-4256- 628-62 MANUAL 4 35 034A83 03/09/89 58.63 AT &T TELEPHONE 23 -4856- 612 -61 MANUAL 4 36 615.92 4 37 38 034A84 03/09/89 14.55 AT &T TELEPHONE 10- 4256 - 622 -62 4 MANUAL 's 39 03/09/89 AT&T TELEPHONE 50- 4256- 821 -82 MANUAL 5 3 40 41 22.65 * s 7 42 * * * * ** * ** -CKS �s 43 na 034C33 03/09/89 117,000.00- CITY OF EDINA PAYROLL TRANSFER 50- 1010 - 000 -00 5 MANUAL �s as EDINA PAYROLL TRANSFER 50- 1010 - 000-00 MANUAL 1s' 46 47 .00 * e e. 46 * * * * *# * ** -CKS s. 49 S0 034M98 02/27/89 1,153.45 MINNEGASCO HEAT 10 -4254- 440 -44 6' MANUAL 6' 51_ - 034msA 02/27/89 1.822.73 1llhNE_CA$C_0 HEAT 10 -4254- 520 -52 MANUAL ei S2 0341198 02/27/89 7,125.68 MINNEGASCO HEAT 10- 4254- 540 -54 MANUAL 6' 33 0341198 02/27/89 2,275.17 MINNEGASCO HEAT 10- 4254- 646 -64 MANUAL 34 0 4 98 02/27/89 226.27 MINNEGASCO HEAT 23- 4254 - 612 -61 MANUAL 7 55 034M98 02/27/89 1,205.25 MINNEGASCO HEAT 27 -4254- 662 -66 MANUAL 7 96 57 034M98 02/27/89 246.81 MINNEGASCO HEAT 27- 4254 - 664-66 MANUAL 77; 71 4 NI 3 4 9 e i a � B Ni t. n 2 2. ` z: z, z 3a 2 d � 2•. 3i 3 3, 3, 3, 3 3i 3' 3i 3' 41 4 4 4 4 4 4 4 4 4 5 a s 3 S 3 0 1989 CITY OF EDINA A VAl I�IT CHECK REGISTER 03 -14 -89 PAGE 2 VCkInAD TTFN n=QPPTPTTnN Arrn[INT NA TNV Y P_O_ M MESSAGE 034M98 02/27/89 4,662.35 MINNEGASCO HEAT 27 -4254- 667 -66 MANUAL 034M98 02LE7L89 4.828._68 MINNEGAS.C.O —HEAT >*¢=A254- 702 =70 MANUAL____.. 034M98 02/27/89 5,964.25 MINNEGASCO HEAT 30 -4254- 782 -78 MANUAL 034M98 02/27/89 397.55 MINNEGASCO HEAT 40- 4254- 801 -80 MANUAL 34M98 02/27/89 4.240.59 MINNEGASCO HEAT 40- 4254 - 803 -80 MANUAL 034M98 02/27/89 219.39 MINNEGASCO HEAT 50- 4254 - 821 -82 MANUAL 034M98 02/27/89 374.74 MINNEGASCO HEAT 50- 4254 - 841 -84 MANUAL M4a 02/27/99 3e2.93 MINNEGASCO HEAT 50 -4254- 861 -86 MANUAL + • 35,065.84 * *rr *rr rrr -CKS 034U27 03/09/89 7.85 US WEST COMM TELEPHONE 10-4256- 460 -46 MANUAL _03411 27 01104189— 3.509"50 US WE -SLSO1yM TELEPHONE 1 0-42S6-510-51 • M_ANUAL___ 034UE7 03/09/89 1,415.19 US WEST COMM TELEPHONE 10- 4256— G22 -62 MANUAL 034U27 03/09/89 208.25 US WEST COMM TELEPHONE 10- 4256- 628-62 MANUAL 03/09/89 40.86 US WEST COMM TELEPHONE 10- 4256- 646 -64 MANUAL 034U27 03/09/89 161.81 US WEST COMM TELEPHONE 23- 4256- 612 -61 MANUAL 034027 03/09/89 24.88 US WEST COMM TELEPHONE 26- 4256-682 -68 MANUAL 3g.U��o3�o9/89S24ZUSS EST COMM TELEPHONE 2T- 4256 - 662 -66 MANUAL ; 034U,�7 03/09/89 163.21 US WEST COMM TELEPHONE 27- 4256 - 667 -66 MANUAL 034U27 03/09/89 146.12 US WEST COMM TELEPHONE 28- 4256- 702 -70 MANUAL 34U °7 03/09/89 313.63 US WEST COMM TELEPHONE 30- 4256 - 782 -78 MANUAL 034U27 03/09/89 104.37 US WEST COMM TELEPHONE 40- 4256 - 801 -80 MANUAL 034U27 03/09/89 307.80 i US WEST COMM TELEPHONE 40 -4256- 803 -80 MANUAL 141127 01/09/89 147.94 US W -E$T COMM TELEPHONE 50 -4256- 821 -82 MANUAL 034U27 03/09/89 176.31 US WEST COMM TELEPHONE 50 -4256- 841 -84 MANUAL 034U27 03/09/89 125.78 US WEST COMM TELEPHONE 50- 4256- 861 -86 MANUAL 905.92 * * * * * * * ** —CKS 037702 03/09/89 115.00 FIRE MARSH ASSO REGISTRATION 10 -4202- 440 -44 MANUAL 037702 03/09/89 20.00 AM RED CROSS PERFORMANCE 30- 4224- 781-78 MANUAL 135.00 r * * * * * * * ** -CKS 037C33 03/09/89 4,667.00 CITY OF,EDINA REHAB TRANSFER 10- 1139- 000 -00 MANUAL 4,667.00 * * * * ** * ** -CKS 027FJ4 02/09/a9 13,862.93 FIDELITY BANK FICA 10- 4149 - 510 -51 MANUAL 037F14 03/09/89 409.77 FIDELITY BANK MEDICARE 10-4162 - 510 -51 MANUAL 14,272.70 * * * * * ** * ** —CKS 037232 03/09/89 23, 87.07 P.E.R.A PERA 10 -4145- 510 -51 MANUAL 23,287.07 * * * * * ** ** *—CKS 038703 03/09/89 150.00 R VERNON UNIFORM ALLOWANCE 10- 4266- 440 -44 MANUAL LL r -� Y. P Y - It 1989 . OF EDINA CHECK . STER 03 -14 -8S AGE 3 NO. INV. N P.O. # MESSAGE 2 150.00 I; (. 4 038704 03/09/89 2.10— BRW ENTERPRISES 50- 3710 - 842 -84 MANUAL I; 5 038704 03/09/89 140.00 BRW ENTERPRISES 50- 4628 - 842-84 MANUAL 6 137.90 9 038705 03/09/89 99.00 qq 00 * MN WINEGROWERS COOP 50- 4628 - 822 -82 MANUAL - -- 11 12 * * * + ** * ** —CKS 13 038E11 03/09/89 6.91— EAGLE WINE 50- 3710- 822 -82 MANUAL 10 038E11 03/09/89 17.50— EAGLE WINE 50- 3710 - 822 -82 MANUAL 75 38E11 03/D9189 14.78— ZAG-LE W_IhE 50 -3710- 822 -82 _MANUAL__ 6 038E11 03/09/89 28.74— EAGLE WINE 50- 3710 - 842 -84 MANUAL " 038E11 03/09/89 7.39— EAGLE WINE 50- 3710- 842 -84 MANUAL '6 038E11 03/09/89 14.78— EAGLE WINE 50- 3710 - 862 -86 MANUAL 19 038E11 03/09/89 .73— EAGLE WINE 50 -3710- 862 -86 MANUAL 20 03SE11 03/09/89 345.41 EAGLE WINE 50 -4628- 822 -82 MANUAL 21 3BE- I1 03/ 91,89 739.00 EAGL".INE 50 -4628- 822 -82 MANUAL - 22 038E11 03/09/89 874.93 EAGLE WINE 50 -4628- 822 -82 MANUAL 23 03SE11 03/09/89 1,437.16 EAGLE WINE 50- 4628 - 842 -84 MANUAL 24 038E1 03/09/89 369.50 EAGLE WINE 50-4628 - 842 -84 MANUAL 25 03SE11 03/09/89 36.29 EAGLE WINE - 50 -4628- 862 -86 MANUAL 26 038E11 03/09/89 739.00 EAGLE WINE 50-4628 - 862-86 MANUAL 27 4,450,46 26 28 * ** —CKS 30 31 038E26 03/09/89 65.76— ED PHILLIPS 50- 3700 - 862 -86 MANUAL 32 038E26 03/09/89 2.00— ED PHILLIPS 50 -3710- 822 -82 MANUAL 33 _0�$E2G 03LQ2L$z9 3. 0— ED PHILLIPS 50 -3710- 822 -82 MANUAL_ - 34 03BEEG 03/09/89 1.43— ED PHILLIPS 50- 3710- 822 -82 MANUAL 35 038E26 03/09/89 7.73— ED PHILLIPS 50-3710- 842 -84 MANUAL 36 03SEEG 03/09/89 5.56— ED PHILLIPS 50 -3710- 842 -84 MANUAL 37 038E26 03/09/89 1.53— ED PHILLIPS 50 -3710- 842 -84 MANUAL 38 03SE26 03/09/89 1.30— ED PHILLIPS 50- 3710 - 842 -84 MANUAL 39 0:n8E2r. 03/09/89 25.59— ED-PHILLIPS 50 -3710- 862 -86 MANUAL 40 03SERS 03/09/89 .92— ED PHILLIPS 50- 3710 - 862 -86 MANUAL q1 038E26 03/09/89 76.76 ED PHILLIPS 50- 4626- 842 -84 MANUAL e2 03SE26 03/09/89 1,279.73 ED PHILLIPS 50- 4626 - 862 -86 MANUAL 43 038E26 03/09/89 320.80 ED PHILLIPS 50-4628 - 822 -82 MANUAL 44 038EEG 03/09/89 143.00 ED PHILLIPS 50 -4628- 822 -82 MANUAL i 45 —03SE26 03L09/89 2Q0,4.0 ED PHILLIPS SO-4628-822-82 MANUAL 46 03SE26 03/09/89 61.50— ED PHILLIPS 50 -4628- 842 -84 MANUAL O7 038E26 03/09/89 130.55 ED PHILLIPS 50- 4628- 842 -84 MANUAL 48 038E26 03/09/89 556.46 ED PHILLIPS 50- 4628- 842 -84 MANUAL 99 038E26 03/09/89 773.80 ED PHILLIPS 50- 4628- 842 -84 MANUAL 60 038E26 03/09/89 .00 ED PHILLIPS 50- 4628- 862 -86 MANUAL 1 91 X09/89 92.65 ED PHILLIPS 50- 4628- 862 -86 MANUAL 52 3,397.63 53 54 * * * * ** ** *—CKS 55 56 77 038G82 03/09/89 16.58— GRIGGS COOPER 50- 3700 - 822 -82 MANUAL t 1989 CITY OF EDINA — 2 038G82 03/09/89 03 -14 -89 PAGE 4 'e 3 03,SG22 03/_0-9/-89 ACCOUNT NO. INV. 4 038G82 03/09/89 GRIGGS COOPER 038G82 ° 038GS2 03/09/89 03/09/89 — 5538— 038G82 03/09/89 MANUAL j ° 038G82 03/09/89 50- 3710 - 842 -84 9 038642 03/0.9481 2.76— 10 038G82 03/09/89 ! " 038G82 03/09/89 GRIGGS COOPER 12 38G82 03/09/89 2,653.06 i3 038G82 03/09/89 50- 4626- 822 -82 14 038G82 03/09/89 v s • 03SJ62 03/09/89 22 038J62 CHECK REGISTER PRIOR 03 -14 -89 PAGE 4 'e UNT VENDOR ITEM.DESCRIPTION ACCOUNT NO. INV. N P.O. 4 MESSAGE 108.78— GRIGGS COOPER 50- 3700 - 842 -84 MANUAL — 5538— _.GRI.GGS_- QOP_ER 50- 3710 - 822 -82 MANUAL j 62.71— GRIGGS COOPER 50- 3710 - 842 -84 MANUAL MANUAL 2.76— GRIGGS COOPER 50- 3710 - 862 -86 MANUAL WINE 16.29 — GRIGGS COOPER 50- 3710 - 862 -86 MANUAL 2,653.06 2,768.89 GRIGGS COOPER 50- 4626- 822 -82 MANUAL 3,135.41 GRIGGS COOPER 50- 4626 - 842 -84 MANUAL 138.24 GRIGGS_CDQEER 50 -4626- 862 -86 MANUAL 814.30 GRIGGS COOPER 50- 4626- 862 -86 MANUAL 50-4626- 842 -84 27.45— GRIGGS COOPER 50 -4628- 822 -82 MANUAL JOHNSON .00 GRIGGS COOPER 50- 4628 - 822 -82 MANUAL 03/09/89 .00 GRIGGS COOPER 50- 4628- 842 -84 MANUAL I� 57.41— GRIGGS COOPER 50 -4628- 842 -84 MANUAL 5.49— GRIGGS COOPER 50- 4628 - 862 -86 MANUAL 6,503.99 03/09/89 9.45 ____i•I WINE 50 -4628- 822 -82 MANUAL * ** —CKS 22 038J62 03/09/89 PRIOR ,. 53.07— JOHNSON WINE 50- 3710 - 822 -82 MANUAL ``'� 8.67— JOHNSON WINE 50- 3710 - 822 -82 MANUAL ,e 92.48— JOHNSON WINE 50- 3710 - 842 -84 MANUAL _= 17.29— JOHNSON WINE 50 -3710- 842 -84 MANUAL 30� 3: 22 038J62 03/09/89 PRIOR WINE 50- 3710 - 822 -82 03/09/89 20.72— 23 038J62 03/09/89 50- 3710- 842 -84 03/09/89 282.14 PRIOR WINE 24 038JG2 03/09/89 3.15— JOHNSON WINE 50- 3710 - 862 -86 MANUAL 25 038J62 03/09/89 1.19— JOHNSON WINE 50- 3710 - 862 -86 MANUAL 26 038JGZ 03/09/89 2,653.06 JOHNSON WINE 50 -4626- 822 -82 MANUAL 2' QF1N$ON WINE 50 -4626- 822 -82 MANUAL 28 038J62 03/09/89 4,622.55 JOHNSON WINE 50-4626- 842 -84 MANUAL 29 038362 03/09/89 18.90 JOHNSON WINE 50 -4626- 842 -84 MANUAL 30 038JSR 03/09/89 59.49 JOHNSON WINE 50- 4626 - 862 -86 MANUAL 31 038JGR 03/09/89 .35 JOHNSON WINE 50- 4626- 862 -8G MANUAL 32 038J62 03/09/89 9.45 JOHNSON WINE 50 -4628- 822 -82 MANUAL 33 038362 03/09/89 866.58 JOHNSON WINE 50 -4G28- 822 -82 MANUAL 038JG2 038JG2 038362 038 ,162 * * * * ** 038P82 038PSP 038P82 Il38P82 038P82 038P82 ** * * ** 038016 038016 038016 038016 038016 03/09/89 03/09/89 03/09/89 03/09/89 23.10 1,729.83 6.65 315.61 10,141.97 JOHNSON WINE JOHNSON WINE JOHNSON WINE JOHNSON WINE 50- 4628 - 842 -84 MANUAL 50- 4628- 842 -84 MANUAL 50 -4618- 462-86 MANUAL 50- 46/-8-86 03/09/89 6.01— PRIOR WINE 50- 3710 - 822 -82 03/09/89 20.72— PRIOR WINE., 50- 3710- 842 -84 03/09/89 282.14 PRIOR WINE 50- 4628 - 822 -82 02/27/89 18.59 PRIOR WINE WINE /SPECIAL ORDER 50- 4G28 - 822 -82 03/09/89 1,036.22 PRIOR WINE 50 -4628- 842 -84 02/27/89 48.95 PRIOR WINE MIX 50 -4630- 822 -82 MANUAL 1.359.17 * r 03/09/89 37.96— QUALITY WINE 50- 3710 — Se2-82 03/09/89 3.50— QUALITY WINE 50 -3710- 822 -82 03/09/89 7.05— QUALITY WINE 50- 3710- 842 -84 03/09/89 100.72— QUALITY WINE 50- 3710- 842 -84 03/09/89 .58— QUALITY WINE 50- 3710 - 862 -86 a1 az — a31- a4 SC SI * ** —CKS s3 s4 MANUAL 55 e° MANUAL 157 MANUAL 50 MANUAL 'ao MANUAL 61 lez MANUAL le a ea * ** —CKS 165 167 MANUAL 50 1" MANUAL h MANUAL �z MANUAL MANUAL '4' r r + r 0 Y1+ G a+ r 1989 OF EDINA purr [ MA AATC AMAI INT CHECK . .ISTER 03 -14 -8� . -AGE 5 V VENDOR ITEM DESCRIPTION ACCOUNT NO. INV. 8 P.O. # MESSAGE 2 038016 03/09/89 .87 QUALITY WINE 50- 3710 - 862 -86 MANUAL 2 3 3 __038Qtst 03L091$9 __15..61– QUALILY_W.INE 50- 3710- 862 -86 MANUAL__ la 4 038016 03/09/89 1,898.49 QUALITY WINE 50- 4626- 822 -82 MANUAL i5 ° 038016 03/09/89 5,036.27 QUALITY WINE 50 -4626- 842 -84 MANUAL ° ° 0.38016 03/09/89 780.76 QUALITY WINE 50 -4626- 862 -86 MANUAL �7 ' 038016 03/09/89 349.35 QUALITY WINE 50 -4628- 822-82 MANUAL e 038016 03/09/89 701.65 QUALITY WINE 50- 4628 - 842 -84 MANUAL ° 3°o1e 03/09/89 57.00 QUALITY —W.LNE 50-4628- 862 -86 MANUAL 10 038GIG 03/09/89 43.34– QUALITY WINE 50- 4628 - 862 -86 MANUAL 12 8.615.63 , � 13 14 15­0 49 03/09/ 9 3-"S TQIrZ_�i$TgIBUTIIVG 50- 4628- 842 -84 MANUAL_____'z 16 038T49 03/09/89 4.32— TOW DISTRIBUTING 50 -4628- 842 -84 MANUAL 12 " le 31.93 i2 12 19 * ** —CKS i2 20 21 �1A82 02_/2TL42 2.78 AT&T TELEPHONE 10- 4256 - 510 -51 12 2 MANUAL_ I, 22 041A82 02/27/89 3.02 AT&T TELEPHONE 10 -425G- 628 –G2 MANUAL 23 041A82 02/27/89 2.04 AT&T TELEPHONE 23- 4256- 612 -61 MANUAL 3 24 7.84 3 25 25 * * * * ** * ** –CKS !3 27 3 2e 041N16 02/27/89 3.99 _ NSP LITES /POWER 10 -4252- 301 -30 MANUAL �3 zs 041N16 02/27/89 12,029.19 NSP LITES /POWER 10- 4252- 321 -30 MANUAL 3 30 041N1G 02/27/89 10,481.83 NSP' LITES /POWER 10 -4252- 322 -30 MANUAL 4 31 041N16 02/27/89 3,661.31— NSP LITES /POWER 10 -4252- 330 -30 MANUAL I4 32 041NIG 02/27/89 3,GG1.31 NSP LITES /POWER 10 -4252- 330 -30 MANUAL �4 33 �41N1G 02/27/89 2 GG1 31 NSP LITES /POWER 10- 4252- 330 -30 MANUAL_ 34 041NIG 02/27/89 914.43 NSP LITES /POWER 10- 4252 - 345 -30 MANUAL �4 35 041NIG 02/27/89 43.32 NSP LITES /POWER 10 -4252- 358 -30 MANUAL 4 4 38 041NlG 02/27/89 2 242.31 NSP LITES /POWER 10- 4252 - 375 -30 MANUAL I4 37 041NIG 02/27/89 1,078.27 NSP LITES /POWER 10- 4252 - 440 -44 MANUAL 38 041N16 02/27/89 44.13 NSP LITES /POWER 10- 4252- 460 -46 MANUAL 5 3 39 — 041M16 02/27/89 1,290.47 NSP LITES /POWER 10-4252- 520 -52 MANUAL_ _ 3 40 041N16 02/27/89 2,007.07 NSP LITES /POWER 10- 4252 - 540 -54 MANUAL j5 41 041N16 02/27/89 5,438.81 NSP LITES /POWER 10- 4252 - 646 -64 MANUAL �5 O2 041NIG 02/27/89 690.72 NSP LITES /POWER 23- 4252 - 612 -61 MANUAL 5 a3 041NIG 02/27/89 39.83 NSP LITES /POWER 26- 4252 - 682 -68 MANUAL 15 44 041NlG 02/27/89 993.81 NSP LITES /POWER 27- 4252 - 662 -66 MANUAL 5 's 45 1N16 02/27/89 173.27 NSP LITES /POWER 27- 4252 - 664 -66 MA_N_UA_L__ _ e 48 041NIG 02/27/89 879.09 NSP LITES /POWER 27- 4252 - 667 -66 MANUAL ° 47 041NIG 02/27/89 8,276.51 NSP LITES /POWER 28- 4252 - 702 -70 MANUAL ° e ae 041NIG 02/27/89 6,367.67 NSP LITES /POWER 30- 4252 - 782 -78 MANUAL 5 49 041NIG 02/27/89 2,463.22 NSP LITES /POWER 40- 4252 - 801 -80 MANUAL 5 80 041N16 02/27/89 15,775.33 NSP LITES /POWER 40 -4252- 803 -80 MANUAL 6 41 �giJJ16 02/27/89 553.04 NSP LITES /POWER 50- 4252 - 821 -82 MANUAL 92 041NIG 02/27/89 621.67 NSP LITES /POWER 50 -4252- 841 -84 MANUAL 6' 73 041N16 02/27/89 348.24 NSP LITES /POWER 50- 4252 - 861 -86 MANUAL 7 7 64 75 417.53 * 7 55 55 *Ik1k * ** 57 7. *** —CKS 2: 7i it 31 a 7I� e 0I� 2 3I. 5 7If 1� z J3 7 r 4 • • • • v t— L • di 6 E 1985 CITY OF EdINA CHECK REGISTER 03 -14 -89 PAGE 6 CHECK NO, DATE AMOUNT VENDOR ITEM DESCRIPTION ACCOUNT NO. INV. N P.O. # MESSAGE 2 3 -- 041 -U27 02L2E 319 Z..95 _US_ WES_T__COMM _— .__.TELEPHONE 10-42S6-460-46 _ _ MANUAL 2 4 041U27 02/27/89 244.63 US WEST COMM TELEPHONE 10- 4256 - 510 -51 MANUAL 5 ' 041U27 02/27/89 75.07 US WEST COMM TELEPHONE 10- 4256 - 622 -62 MANUAL n 7 9 9_1U27 02/27/84 11.60 US WEST COMM TELEPHONE 10- 4256 - 646 -64 MANUAL e 7 041U27 02/27/89 278.18 US WEST COMM TELEPHONE 27- 4256 - 662 -66 MANUAL 9 n 041U27 02/27/89 52.42 UE WEST COMM TELEPHONE 27- 4256 - 664 -66 MANUAL 10 9 _04LU27 02/27/89_ 14070 uS WEST COMM— TELEPHONE 28 -4 4256 - 702 -70 —MANUAL ;�z 10 041U27 02/27/89 38.67 US WEST COMM TELEPHONE 29- 4256 - 722 -72 MANUAL 1 041U27 02/27/89 252.30 US WEST COMM TELEPHONE 40 -4256- 803 -80 MANUAL ° 12 41U27 02/27/89 14.10 US WEST COMM TELEPHONE 50 -4256- 821 -82 MANUAL 113 13 041027 02/27/89 14.10 US WEST COMM TELEPHONE 50-4256- 841-84 MANUAL I17 041U27 02/27/89 14.10 US WEST COMM TELEPHONE 50- 4256 - 861 -86 MANUAL 1 143 -72 w 1n 17 wwww» w _--- - - www —CKS --21 1�3 19 044A83 02/27/89 17.29 AT &T TELEPHONE 10 -4256- 510 -51 MANUAL 20 044A83 02/27/89 17.29— AT&T TELEPHONE 10- 4256- 510 -51 MANUAL �25 26 z7 2' Q44AR-% 62/27/B9 TELEPHONE 10- 4256 - 510 -51 MANUAL 26 Z2 23 17.e9 _. 3• 24 wwwwww www —CKS 3, 3 2.5 33 26 044051 02/27/89 104.13 COMM OF REVENUE SALES TAX 10- 3357 - 000 -00 MANUAL 34 35 27 44CS1 02/27/89 196.81 COMM OF REVENUE SALES TAX 23- 3357- 000 -00 MANUAL 26 044C51 02/27/89 3,338.59 COMPS OF REVENUE SALES TAX 27 -3357- 000 -00 MANUAL 37 29 044C51 02/27/89 599.62 COMM OF REVENUE SALES TAX 28-3357- 000 -00 MANUAL 36 37 30 44C51 02/27/89 123.13 COMM OF REVENUE SALES TAX 29 -3357- 000 -00 MANUAL 40 31 044051 02/27/89 1,090.57 COMM OF REVENUE SALES TAX 30- 3357-000 -00 MANUAL —741 32 044C51 02/27/89 483.09 COMM OF REVENUE SAALES TAX 40 -3357- 000 -00 MANUAL 42 43 33 044051 02/27/89 5,672.73 COMM OF REVENUE SALES TAX 50- 3357- 001 -00 MANUAL 144 34 044051 02/27/89 11,536.27 COMM OF REVENUE SAALES TAX 50-3357-002 -00 MANUAL 4 J0 044C51 02/27/89 10,256.95 COMM OF REVENUE SALES TAX 50 -3357- 003 -00 MANUAL 4(C 47 36 33J401. 9 w 46 37 38 wwwwww _ www -CKS 149 39 32 40 044H83 03/09/89 100,000.00 HRA HRA TRANSFER 10 -1145- 000 -00 MANUAL 53 54 41 42 100,000.00 k 75 38 a3 wwwwww www -CKS 5' 44 1501 45 ASR73 02/P7/89 24.05 GC PETTY CASH SALARIES 27- 4120 - 667 -66 MANUAL I6° 45 045B73 02/27/89 29.90 GC PETTY CASH CONTRACTED REPAIRS 27 -4248- 663 -66 MANUAL 61 °' 045B73 02/27/89 50.00 GC PETTY CASH LAUNDRY 27- 4262 - 663 -66 MANUAL :3 49 04S B73 02/27/89 29.00 GC PETTY CASH GEN SUPPLYS 27- 4504 - 661 -66 MANUAL 64 49 045B73 02/27/89 252.97— GC PETTY CASH SALARIES 27- 4504 - 667 -66 MANUAL 6S s0 045B73 02/27/89 252.97 GC PETTY CASH GEN SUPPLYS 27 -4504- 667 -66 MANUAL 67 67 S1 958.7.3 02/27/89 17.50 GC PETTY CASH GEN SUPPLYS 27- 4504 - 667 -66 MArdUAL 65 52 045B73 02/27/89 252.97 GC PETTY CASH SALARIES 27- 4504 - 667 -66 MANUAL 169 53 045B73 02/27/89 18.84 GC PETTY CASH OFFICCE SUPPLYS 27- 4516- 661 -66 MANUAL X711, 54 7 02/27/89 73.36 GC PETTY CASH CONCESSIONS 27- 4624 - 663 -66 MANUAL 72'I 55 495.62 w 73 56 74i 751 57 - www —CKS 71 J Y LLJ 1989 OF EDINA CHECK STER 03 -14 -8: ,GE 7 (V rurry un nAm AMMINT VFNDOR ITEM DESCRIPTION ACCOUNT NO. INV. # P.O. # MESSAGE r r r ¢v y v%V v w r r �r v v z 3 _0.45E.1L_ 03/09/89 6.98— EAGLE -LINE 50- 3710- 822 -82 MANUAL 4 045E11 03/09/89 5.78— EAGLE WINE 50-3710- 842 -84 MANUAL 5 04SE11 03/09/89 4.96— EAGLE WINE SO -3710- 862 -86 MANUAL 6 04 1E11 03/09/89 8.99— EAGLE WINE 50-3710- 862 -86 MANUAL 04SE11 03/09/89 349.18 EAGLE WINE 50-4628- 822 -82 MANUAL e 045E11 03/09/89 289.07 EAGLE WINE 50-4628- 842 -84 MANUAL ° 049FIl 0-4/091.89 247.75 EAGLE--WINE SO- 4628- 862 -86 MANUAL---il 10 04SE11 03/09/89 449.33 EAGLE WINE 50-4628- 862 -86 MANUAL 11 045E11 02/27/89 162.73 EAGLE WINR MIX 50 -4632- 842 -84 MANUAL 12 045 11 02/27/89 156.55 EAGLE WINE MIX 50- 4632- 862 -86 MANUAL 13 1,627.90 15 4** —CKS — 16 045E26 03/09/89 4.54- ED PHILLIPS 50- 3710- 822 -82 MANUAL 1B 045E26 03/09/89 1.35- ED PHILLIPS 50- 3710-822 -82 MANUAL 1° 045E2G 03/09/89 1G.71- ED PHILLIPS 50- 3710- 822 -82 MANUAL, 20 04SEEG 03/09/89 5.23- ED PHILLIPS 50-3710- 822 -82 MANUAL 21 gSE2G 03/09/89 7.33- ED PHILLIPS 50- 3710- 842 -84 MANUAL - -1 22 045EZG 03/09/89 4.72- ED PHILLIPS 50- 3710-842 -84 MANUAL 23 045E26 03/09/89 3.42- ED PHILLIPS 50- 3710 - 842 -84 MANUAL 24 04SE2G 03/09/89 4.19- ED PHILLIPS 50- 3710- 842 -84 MANUAL 25 045E26 03/09/89 - 17.28- ED PHILLIPS 50- 3710 - 862-86 MANUAL 26 04SE26 03/09/89 13.55- ED PHILLIPS 50 -3710- 862 -86 MANUAL j 27 45E26 _43LQ9/89 1.61- ,OFD PHILLIPS 50-3710- 862 -86 MAN--- ___. 28 04SE26 03/09/89 227.03 ED PHILLIPS 50- 4626- 822 -82 MANUAL 26 045E26 03/09/89 835.85 ED PHILLIPS 50- 4626- 822 -82 MANUAL 30 04SE26 03/09/89 366.77 ED PHILLIPS 50- 4626- 842 -84 MANUAL 31 04SE26 03/09/89 171.33 ED PHILLIPS 50- 4626- 842 -84 MANUAL 32 04SE26 03/09/89 135.60 ED PHILLIPS 50-4628- 822 -82 MANUAL 33 95E2G 03/09/89 5209 ED PHILLIPS 50-4628- 822-82 MA_NUAL_____ 34 04SE26 03/09/89 419.83 ED PHILLIPS 50 -4628- 842 -84 MANUAL 35 045E26 03/09/89 472.35 ED PHILLIPS 50- 4628- 842 -84 MANUAL 36 04SE26 03/09/89 161.55 ED PHILLIPS 50 -4628- 862 -86 MANUAL 37 04SE26 03/09/89 1,728.01 ED PHILLIPS 50- 4628-862 -86 MANUAL J8 04SE26 03/09/89 1,355.39 ED PHILLIPS 50 -4628- 862 -86 MANUAL 39 6,316.87 1h _ 40 41 42 * ** —CKS 43 045G82 03/09/89 15.95- GRIGGS COOPER 50- 3700 - 822 -82 MANUAL 44 04SG82 03/09/89 70.31- GRIGGS COOPER 50- 3700 - 842 -84 MANUAL 45 — 04EG82 03/99/89 23__DS- GRIGGS COOPER 50- 3700 - 862 -86 MANUAL__ ; a8 04SG82 03/09/89 32.10- GRIGGS COOPER SO -3710- 822 -82 MANUAL 47 045G82 03/09/89 101.59- GRIGGS COOPER 50- 3710 - 842 -84 MANUAL 48 04SG82 03/09/89 132.46- GRIGGS COOPER SO -3710- 862 -86 MANUAL 49 04SG82 03/09/89 5,079.38 GRIGGS COOPER SO- 4626- 842 -84 MANUAL 90 045G82 03/09/89 61623.16 GRIGGS COOPER 50- 4626- 862 -86 MANUAL 5' p_4SG$2 03/49,6$9 4.37- GRIGGSCOOPER SO -4628- 822 -82 MANUAL 52 04SG82 03/09/89 .00 GRIGGS COOPER SO -4628- 822 -82 MANUAL 53 045G82 03/09/89 1,604.83 GRIGGS COOPER 50 -4628- 822 -82 MANUAL 54 045G82 03/09/89 16.41 GRIGGS COOPER 50 -4628- 842 -84 MANUAL 35 045G82 03/09/89 .00 GRIGGS COOPER 50- 4628- 842 -84 MANUAL 56 045G82 e� 03/09/89 16.41— ' GRIGGS COOPER 50- 4628 - 842 -84 MANUAL L i a, 6 �C C 7 O 1989 CITY OF EDINA CHECK REGISTER 03 -14 -89 PAGE 8 CHECK NO, DATE AMOUNT ITEM DESCRIPTION ACCOUNT NO. INV. # P.O. # MESSAGE 1 2 045G82 03/09/89 16.41- GRIGGS COOPER 50-4628- 842 -84 MANUAL _3 __045GSe 03 /oQG99 00 — _GR1LGSSOOPER__ 50 4fie8- 86e -86 _._MANUAL._ s 12,911.15 e * * + ** * ** -CKS 1 6 045J62 03/09/89 32.72- JOHNSON WINE 50- 3710 - 822 -82 MANUAL v — 045162 03/09189— 9 -92— IOHNS0t4_WlNE SO-3710-822-82 MANUAL 10 04SJ62 03/09/89 13.13- JOHNSON WINE 50- 3710 - 842 -84 MANUAL 11 045JG2 03/09/89 63.21- JOHNSON WINE 50- 3710- 842 -84 MANUAL ` 0 62 03/09/89 70.60- JOHNSON WINE 50- 3710- 862 -86 MANUAL , '3' 045J62 03/09/89 7.34- JOHNSON WINE 50- 3710- 862 -86 MANUAL 14 045J62 03/09/89 11.35- JOHNSON WINE 50- 3710- 862 -86 MANUAL 16 — 045J62 0.31�5LS9 12.57- _JOHN$.ON_IINE ___ 50- 4626 -_ 8_22_ -82 MANUAL_ is 045JGE 03/09/89 7.70 JOHNSON WINE 50- 4626- 822 -82 MANUAL 17 045J62 03/09/89 1,635.32 JOHNSON WINE 50- 4626- 822 -82 MANUAL I' 1B 0 5 6 03/09/89 3 159.34 JOHNSON WINE 50-4626- 842 -84 MANUAL 19 045J62 03/09/89 12.60 JOHNSON WINE 50-4686- 842 -84 MANUAL 20 045J62 03/09/89 3,530.00 JOHNSON WINE 50- 4626- 862 -86 MANUAL 21 — 045ILP 03/09!89 17.15 JOHNSON WINE 50 -4626- 862 -86 MANUAL 22 045J62 03/09/89 10.97- JOHNSON WINE 50- 4626 - 862 -B6 MANUAL 23 045J62 03/09/89 G.GS JOHNSON WINE 50 -4628- 822 -82 MANUAL 24 0 SJG 03/09/89 491.72 JOHNSON WINE 50 -4628- 822 -82 MANUAL 25 045J62 03/09/89 20.30 JOHNSON WINE 50- 4628 - 842 -84 MANUAL 26 045JGE 03/09/89 51.34- JOHNSON WINE 50- 4628- 842 -84 MANUAL 27 AS362 03/09/89 22 00 JOHNSON WINE 50 -4G28- 842 -84 MANUAL____ 28 045J62 03/09/89 1,315.28 JOHNSON WINE 50 -4628- 842 -84 MANUAL 29 045JGF 03/09/89 22.00- JOHNSON WINE 50- 4628- 842 -84 MANUAL 30 45J62 03/09/89 22.00- JOHNSON WINE 50- 4628- 842 -84 MANUAL 31 045J62 03/09/89 6.30 JOHNSON WINE 50 -4628- 862 -86 MANUAL 32 045J62 03/09/89 1,134.65 JOHNSON WINE 50 -4628- 862 -86 MANUAL 33 045162 03/09/89 14.70 .JOHNSON WINE 50-4628- 8G2 -86 MANUAL J4 045J62 03/09/89 732.64 JOHNSON WINE 50 -4528- 862 -86 _ MANUAL 35 36 11,784.20 37 * * * * ** 38 *w*-CKS I' 39 A SONS 50- 4628- 8Ee -8e MANUAL I� 40 04SP20 03/09/89 6.00 PAUSTIS & SONS 50-4628- 822 -82 MANUAL 01 045P20 03/09/89 3.00 PAUSTIS 6 SONS 50 -4628- 842 -84 MANUAL 42 04SPEO 03/09/89 105.17 PAUSTIS & SONS 50- 4628- 842 -84 MANUAL 43 44 328.84 45 ** * ** * P*—CKS —_L' 46 4J 045P70 03/09/89 160.00 POSTMASTER POSTAGE 10 -4890- 510 -51 MANUAL 48 160.00 * 49 so * * * * ** 81 _ * ** -CKS 62 045P82 03/09/89 4.01- PRIOR WINE 50- 3710 - 82e -82 MANUAL '3 045PS2 03/09/89 4.96- PRIOR WINE 50-3710 - 842 -84 MANUAL 74 045P82 03/09/89 10.50- PRIOR WINE 50- 3710 - 862 -86 MANUAL 85 045P82 03/09/89 200.72 PRIOR WINE 50- 4628-822-82 MANUAL B6 045PSE 03/09/89 248.10 PRIOR WINE 50-4628 - 842-84 MANUAL --- LU 1989 OF EDINA CHECK i STER 03- 14 -8°., 4GE 9 s.� CK mn nATF AMOUNT VENDOR ITEM DESCRIPTION ACCOUNT NO. INV. # P.O. # MESSAGE v v r v M M V V t v v v v r to V r 2 04SP82 03/09/89 524.83 PRIOR WINE 50- 4628 - 862 -86 MANUAL Ij 3 954.1 8 _ 4 e * * * :r ** e * ** —CKS e 045016 03/09/89 34.19— QUALITY WINE 50- 3710- 822 -82 MANUAL 9 e 045016 03/09/89 2.08— QUALITY WINE 50 -3710- 822 -82 MANUAL „ 9 0 45Q16 03/09/89 6 22— QUALITY WINE 50- 3710 - 822-82 MANUAL 1: 10 045016 03/09/89 8.81— QUALITY WINE 50- 3710 - 842 -84 MANUAL ' 11 045016 03/09/89 93.45— QUALITY WINE 50- 3710 - 842 -84 MANUAL ' u 12 04SO16 03/09/89 6.70— QUALITY WINE 50- 3710 - 842 -84 MANUAL „ 13 045016 03/09/89 2.49— QUALITY WINE 50- 3710- 842 -84 MANUAL " 14 045016 03/09/89 3.18— QUALITY WINE 50- 3710- 862 -86 MANUAL 11 19 04SO16 01/09/89 78.47— QU.AL -ITY WINE 50 -3710- 862 -86 MANUAL___ 2c 1e 045016 03/09/89 2.74— QUALITY WINE 50- 3710 - 862 -86 MANUAL 2 I2' 17 045GIG 03/09/89 3. ^c3— QUALITY WINE 50- 3710- 862 -86 MANUAL 2. ,8 045016 03/09/89 1 709.46 QUALITY WINE 50- 4626 - 822 -82 MANUAL 21 19 045016 03/09/89 4,672.27 QUALITY WINE 50- 4625 - 842 -84 MANUAL 20 045016 03/09/89 3,923.04 QUALITY WINE 50-4626- 862 -86 MANUAL 21 r 2' 04SQ16 03/09/89 620 85 QUALITY WINE 50 -4628- 822 -82 MANUAL 2i 22 04SO16 03/09/89 207.25 QUALITY WINE 50 -4G28- 822 -82 MANUAL 2 23 045016 03/09/89 247.00 QUALITY WINE 50 -4628- 842 -84 MANUAL 3 3 24 045016 03/09/89 878.10 'QUALITY WINE 50 -4628- 842 -84 MANUAL 3. 25 04SOIG 03/09/89 666.90 QUALITY WINE 50 -4628- 842 -84 MANUAL 3 ze 045016 03/09/89 273.40 QUALITY WINE 50- 4628- 862 —BG MANUAL 3 3' 27 049016 03/09/89 317.95 iQUALITY WINE 50- 4628 - 862 -86 MANUAL 28 045Q16 03/09/89 321.55 QUALITY WINE 50- 4628 - 862 -85 MANUAL 3 3 29 30 13,596.21 * 3 4 31 ** * * ** *** —CKS a 4 32 33 9r�T49 03/09/89 121.92 - - -SOW DISTRIBUTING 50- 4628 - 822 -82 MANUAL _ _ _ 4 34 045749 03/09/39 $9.70 TOW DISTRIBUTING 50- 452$-862 —$5 MANUAL 4 35 36 211.69 +� 4 37 * * * ** ]e * ** —CKS 14. 5 39 03/09/89 100.00 K & B MONROE EARNEST MONEY 10 -2135- 000 -00 MANUAL :5 _046700 40 100.00 4, 42 **.P—CKS 43 5 44 047A82 03/09/89 2.43 AT &T TELEPHONE 10 -4256- 510 -51 MANUAL �;', 45 0_43A82 03/09/89 60.17 AT6T TELEPHONE 27- 4256 - 662 -66 MANUAL 46 047A82 03/09/89 2.26 AT&T TELEPHONE 27- 4256 - 664 -66 MANUAL 6 °' 047A82 03/09/89 5.05 AT &T TELEPHONE 28- 4256 - 702 -70 MANUAL 6 4e 047 8 03/09/89 5.45 AT&T TELEPHONE 29- 4256- 722 -72 MANUAL 16 49 75.36 U' 16, I6' 50 * ** -CKS 6 51 _ 52 - ,. 6. 53 048710 03/09/89 63.68 CAMPION CATERING VOLUNTEER MEALS 40-4201- 800 -80 MANUAL 54 63.68 35 36 048711 57 03/09/89 63.68 CAMPION CATERING VOLUNTEER MEALS 40 -4201- 800 -80 7. MANUAL ;;, T r w a c A 1v. i i 1989 CITY OF EDINA CHECK REGISTER 03 -14 -89 PAGE 10 CHECK NO, E AMOUNT _ VENDOR ITEM DESCRIPTION ACCOUNT NO. INV. # P.O. M MESSAGE �+ '2 2 63.68 * - - - -- '3 _ 14 _3 ° 5 * ** —CKS 5 e 6 C.73 03/09/89 137,000.00 CITY OF EDINA PAYROLL TRANSFER 50- 1010- 000 -00 MANUAL 7 e 7 04SC33 03/09/89 137,000.00— CITY OF EDINA PAYROLL TRANSFER 50- 1010 - 000 -00 MANUAL 10 8 9 00 * -,13 it 2 t0 *�* 11 Y * * * —CI(S ,4 12 48F14 03/09/89 14.059.70 FIDELITY BANK FICA 10 -4149- 510 -51 MANUAL 15' 1el 13 048F14 03/09/89 350.03 FIDELITY BANK MEDICARE 10- 4162 - 510 -51 MANUAL 17 19 14 15 14,409.73 1201 16 * * * ** * ** —CKS X21 ` n 231 is 048G86 03/09/89 8,613.20 GROUP HEALTH INC HOSP PREM 10-4156- 510 -51 MANUAL 24� 19 20 8,613.20 1 21 *y, ** **w—CKS 2r 120 22 23 048P42 03/09/89 14,154.68 PHP HOSP PREM 10- 4156- 510 -51 MANUAL 30 31 24 14 154.68 * 32 25 26 * * * * ** 27 ' * ** —CKS 34 3 5 1 G 2e 052C33 03/09/89 _ 81000.00 CITY OF EDINA REHAB TRANSFER 10 -1139- 000-00 MANUAL 37 323 29 30 8,000.00 * 4C 31 * * * * * * 32 * * * —CKS 41 ° 33 _053741 03/09/89 20.00 MN MUNCC BEV ASSO CONVENTION 50- 4202-822 -82 MANUAL----- 34 053741 03/09/89 120.00 MN MUNCI BEV CONVENTION 50- 4202- 842 -84 MANUALa5 35 053741 03/09/89 20.00 MN MUNCI BEV CONVENTION 50-4202-868-86 MANUAL 4G I„ 36 160.00 * 1401 37 38 * * * * ** 39 x **4—CKS 149 ISO _ X52 l53 °O 053C47 03/09/89 421.20 COMM LIFE INS CO LIFE INS 10- 4157 - 510 -51 MANUAL 54 61 42 421.20 * 55 50 43 * * * * ** 44 * ** —CKS - Is9 45 F11 03/09/89 10.54— E�� WINE 50- 3710 - 822 -82 MANUAL - 46 053E11 03/09/89 18.14— EAGLE WINE 50-3710- 842-84 MANUAL G1 lee 47 053E11 03/09/89 3.12— EAGLE WINE 50- 3710 - 842 -84 MANUAL 63 48 0 3E1 03/09/89 1.47— EAGLE WINE 50- 3710-842 -84 MANUA�e., 49 053E11 03/09/89 8.67— EAGLE WINE 50-3710 - 862-86 MANUAL 50 053E11 03/09/89 526.81 EAGLE WINE 50- 4628 - 822 -82 MANUAL IG6 67 61 s7F11 03/09/89 73.38 _ EAG_U WANE 50 -4628- 842 -84 MANUAL 160 82 053E11 03/09/89 907.19 EAGLE WINE 50- 4628 - 842 -84 MANUAL ic'0 33 053E11 03/09/89 156.00 EAGLE WINE 50 -4628- 842 -84 MANUAL 71' 54 03/09/89 433.25 EAGLE WINE 50-4628- 862 -86 MANUAL 72 S5 053E11 02/27/89 15.44 EAGLE WINE MIX 50 -4632- 842 -84 MANUAL' ]3 74 56 57 2,070.13 73 ] Lv 1989, OF EDINA v r v v 8�. y o` r r v r v v CHECK . ISTER 03 -14 -8: ,GE 11 INV. 4 P.O. 8 MESSAGE z 3 3 053E26 03/09/89 6.25— ED PHILLIPS 50 -3710- 822 -82 MANUAL 6 () FPA 03/09/29 2.32— ED PHILLIPS 50- 3710 - 822 -82 MANUAL 7 053E26 03/09/89 5.58— ED PHILLIPS 50- 3710 - 822 -82 MANUAL e 053E26 03/09/89 8.92— ED PHILLIPS 50- 3710 - 842 -84 MANUAL e 0.5� "' 0?�o91s9 22..39— EILI?Hri! *PS 50- 3710 - 842 -84 MANUAL____ I, O 053E2G 03/09/89 .84— ED PHILLIPS 50 -3710- 842 -84 MANUAL " 053E26 03/09/89 8.89— ED PHILLIPS 50= 3710-842 -84 MANUAL 1z _ 5m26 03/09/89 .46— ED PHILLIPS 50- 3710 - 842 -84 MANUAL 19 053E26 03/09/89 7.59— ED PHILLIPS 50 -3710- 862 -86 MANUAL 14 053E26 03/09/89 9.81— ED PHILLIPS 50- 3710- 862-86 MANUAL - 3E26 03/02/89 9.88— ED--P_FIILLIPS 50- 3710 - 862 -86 MANUAL___ 1° 053E26 03/09/89 1,119.97 ED PHILLIPS - 50 -4626- 842 -84 MANUAL 17 053E2G 03/09/89 379.50 ED PHILLIPS 50- 4626 - 862 -86 MANUAL 1B 053E26 03/09/69 232.61 ED PHILLIPS 50 -4628- 822 -82 MANUAL 1D 053E2G 03/09/89 558.11 ED PHILLIPS 50 -4628- 822 -82 MANUAL 20 053E26 03/09/89 G25.02 ED PHILLIPS 50- 4628— S22 -82 MANUAL I, 2' �3E26 03/09/89 46,50 L E9 PH LIPS 50 -4628- 842 -84 MANUAL 22 053EEG 03/09/89 84.00 ED PHILLIPS 50 -4628- 842 -84 MANUAL I' 23 053EPG 03/09/89 889.07 ED PHILLIPS 50 -4628- 842 -84 MANUAL 24 053E26 03/09/89 892.17 ED PHILLIPS 50 -4628- 842 -84 MANUAL 25 053E26 03/09/89 981.75 ED PHILLIPS 50- 4628 - 862 -86 MANUAL 26 053EZG 03/09/89 74.00— ED PHILLIPS 50 -4628- 862 -86 MANUAL 27 03/0 /89 988.60 ED PHILLIPS 50 -4628- 862 -86 MANUAL _ 28 6,640.37 w * ** —CKS I 32 053G82 03/09/89 12.21— GRIGGS COOPER 50- 3700 - 822 -82 MANUAL 33 53Gaa 03/09/29 143.8$ 6RIGGS_000PER 50- 3700 - 842-84 _M_ANUAL__— 34 053G82 03/09/89 112.28— GRIGGS COOPER 50-3700- 862 -86 MANUAL 35 053G82 03/09/89 32.3G— GRIGGS COOPER 50- 3710 - 822-82 MANUAL 36 53382 03/09/89 32.36— GRIGGS COOPER 50- 3710 - 822 -82 MANUAL 37 053682 03/09/89 32.36 GRIGGS COOPER 50- 3710- 8ZE -82 MANUAL 38 053G82 03/09/89 141.85— GRIGGS COOPER 50- 3710 - 842 -84 MANUAL 39 — 053E82 03142/89 8.17— GRIGGS COOPER 50- 3710 - 842 -84 MANUAL 40 053G22 03/09/89 113.28— GRIGGS COOPER 50- 3710 - 862 -86 MANUAL 41 053G82 03/09/89 1,617.76 GRIGGS COOPER 50- 4626- 822 -82 MANUAL 42 053G82 03/09/89 1,617.76— GRIGGS COOPER 50 -4626- 822 -82 - MANUAL 43 053G82 03/09/89 1,617.76 GRIGGS COOPER 50- 4626 - 822 -82 MANUAL i, 44 053G82 03/09/89 7,092.G2 GRIGGS COOPER 50 -4626- 842 -84 MANUAL 45 _053 408.50 GRIGCS_COOPER 50- 4626 - 842 -84 MANUAL_ 46 053G82 03/09/89 5,664.07 GRIGGS COOPER 50- 4626- 862 -86 MANUAL a7 053G82 03/09/89 .00 GRIGGS COOPER_ 50 -4628- 822 -82 MANUAL 48 053G82 03/09/89 .00 GRIGGS COOPER 50 -4628- 842 -84 MANUAL :1 9 053G82 03/09/89 .00 \GRIGGS COOPER 50 -4628- 862 -86 MANUAL O 14,218.96 s , -- 32 I *-P- -CKS 4,M MIMI+Rk 53 34 053J62 03/09/89 5.51— JOHNSON WINE 50- 3710- 822 -82 MANUAL SS 053J62 03/09/89 8.17— JOHNSON WINE 50- 3710 - 828 -82 MANUAL 88 77 053J62 03/09/89 31.10— JOHNSON WINE 50- 3710- 822 -82 MANUAL r � L • 6 • 1989 CITY OF EDINA ,+urnv uA nArr AMAIIAIT CHECK REGISTER 03 -14 -89 PAGE 12 UCNnAD TTCM nU*PDTPTTAM APPAIINT NA TNU 11 P A 4 MFSCAGF 1 - -- - - it 2 053JG2 0 03/09/89 1 12.32- J JOHNSON WINE 5 50- 3710- 842 -84 M MANUAL 3 3 - - 5 5-3$4$4 M MANUAL a LL w. Y� y Y�— 1989 OF EDINA Tc A VAI 1 \IT CHECK STER ��cunnD TTPM TIFRCRTPTTnN 03- 14 -8'. AGE 13 1 ACCOUNT NO. INV. R P.O. N MESSAGE 1 z. 20 174.01 * 2 21 22 rt*rt -C�: K Y 7 5 1989 CITY OF EDINA CHECK REGISTER 03 -14 -89 PAGE 14 nurnu Ain nwrr auni I - - — — L LV a1•v 17 r r.Y. 11 1 "1 G.�Jnl1C 2 0 058E11 0 03/09/89 1 170,70 E EAGLE WINE 5 50 -4628- 842 -84 M MANUAL 12 3 _ __058E11 0 03109/_89 5 501 41 E EAGLE_WINE— 5 5Qm "$42 -84 M MANUAL '4 5 0 6 0 058E11 0 03/09/89 1 15.44 E EAGLE WINE MIX 5 50- 4632- 842 -84 M MANUAL I * e I; 9 Li gV� 4 V � V r. r 14 1989 . OF EDINA CHECK STER 03 -14 -8: +GE 15 VENDOR ITEM DESCRIPTION ACCOUNT NO. INV. * P.O. M MESSAGE �J ,2 3 058H79 03/-09/82 1..05.00 T_HOR14A FO_RESTRY 10- 4105 - 980 -64 3 __MANUAL ____I4 4 058H79 03/09/89 840.00 T HORWATH FORESTRY 10- 4201 - 644 -64 MANUAL s e 5 945.00 * ;� e _ i e _ * ** -CKS " e o 5$„/-62 03L 02/ p4 7 -00 - JOHNSON -LINE 50- 3700 - 822 -82 MANUAL - , 10 OSSJ62 03/09/89 20.17- JOHNSON WINE 50 -3700- 842 -84 MANUAL ' ' 11 058JG2 03/09/89 10.50- JOHNSON WINE 50 -3700- 862 -86 MANUAL n 12 05is 03/09/89 16.75- JOHNSON WINE 50 -3700- 862 -86 MANUAL , 13 058JG2 03/09/89 16.18- JOHNSON WINE 50- 3710 - 822-82 MANUAL ' 14 058J62 03/09/89 4.86 - 180- JOHNSON WINE 50- 3710- 822 -82 MANUAL 15 58762 03/-9.9/-89 16.18 .JLOHNS-ON_kI.NE 50 -3710- 822 -82 MANUAL ° OSSJG2 03/09/89 16.18- JOHNSON WINE 50- 3710 - 822 -82 MANUAL 2 058J62 03/09/89 6.09- JOHNSON WINE 50- 3710- 842 -84 MANUAL 2 1B 077762 03/09/89 69.24- JOHNSON WINE 50- 3710 - 842 -84 MANUAL z 19 058JG2 03/09/89 16.44- JOHNSON WINE 50- 3710 - 842 -84 MANUAL 2 20 058J62 03/09/89 6.09 JOHNSON WINE 50-3710- 842 -84 MANUAL �2 21 05$JGa 03/09/89 6.09- LNE 50-3710- 842 -84 MANUAL 2 22 058J62 03/09/89 15.66- JOHNSON WINE 50-3710- 862 -86 MANUAL 3 23 058JG2 03/09/8 45.21- JOHNSON WINE 50- 3710 - 862 -86 MANUAL 3 24 0 8JG 03/09/8 1 9 2.98 JOHNSON WINE 50- 4626- 822 -82 MANUAL I, '3 25 058JG2 03/09/89 2.98- JOHNSON WINE 50- 4626- 822 -82 MANUAL 26 OSSJG2 03/09/89 808.75 JOHNSON WINE 50- 4626- 822 -82 MANUAL 7 27 03l�91_$9 80.8,15 JOHNSON -VINE 50-4626 - 822 =82 _MANUAL 29 _058._62_ 058J62 03/09/89 2.98 JOHNSON WINE 50-4626- 822 -82 MANUAL zQ OSSJ62 03/09/89 808.75- JOHNSON WINE 50 -4626- 822 -82 MANUAL 3 30 058JG 03/09/89 14.00 JOHNSON WINE 50 -4626- 842 -84 MANUALJ 31 058JG2 03/09/89 3,462.38 JOHNSON WINE 50-4686- 842 -84 MANUAL 4 32 058762 03/09/89 9.45 JOHNSON WINE 50 -4626- 862 -86 MANUAL 4 33- OSaJ -62 031-09L89 2.2Gy-2-7_ JOHNSON WINE 50- 4626 - 862 -86 _MANUAL___ ,:,, 74 058J62 03/09/89 .00 JOHNSON WINE 50- 4628 - 822 -82 MANUAL 4 35 058 -762 03/09/89 485.74 JOHNSON WINE 50 -4628- 822 -82 MANUAL 36 os8j62 03/09/89 - 7.70 JOHNSON WINE 50- 4628- 822 -82 MANUAL_ �c '. 37 OSSJ62 03/09/89 609.15 JOHNSON-WINE 50- 4628- 842 -84 MANUAL 39 058J62 03/09/89 .00 JOHNSON WINE 50- 4628 - 842 -84 MANUAL is 39 052 01 09/89 609 15- JO- FiN°,zA�J 41 -INE 50-4628- 842 -84 MANUAL__, 40 OSSJ62 03/09/89 1,643.64 JOHNSON WINE 50- 4628 - 842 -84 MANUAL 41 058J62 03/09/89 27.30 JOHNSON WINE 50 -4628- 842 -84 MANUAL a2 O58_JG2 03/09/89 609.15 JOHNSON WINE 50 -4628- 842 -84 MANUAL 1• 43 058762 03/09/89 1,566.92 JOHNSON WINE 50- 4628- B62 -86 MANUAL j 44 OSSJ62 03/09/89 .00 JOHNSON WINE 50- 4628- 862 -86 MANUAL , 45 58762 03/09/89 24.15 JOHNSON WINE 50- 4628- 862 -86 _MANUAL a6 058762 03/09/89 .00 JOHNSON WINE 50- 4626 - 862 -86 MANUAL�� e 4' 48 10,694.4314 10,694. 49 e 49 o**-CKS * * * * ** e 30 °f 058P92 03/�9L85 3.99— PRIOR _WINE 50- 3710 - 822 -82 ie MANUAL_,_ e 52 058F82 03/09/89 7.21— PRIOR WINE 50- 3710 - 842 -84 MANUAL_ S3 058P82 03/09/89 8.06— PRIOR WINE 50- 3710 - 862 -86 MANUAL_ $4 058P82 03/09/89 179.53 PRIOR WINE 50 -4628- 822 -82 MANUAL. � 55 OSBP82 03/09/89 19.95 PRIOR WINE WINE SPECIAL ORDER 50 -4628- 822 -82 MANUAL 56 57 058P82 03/09/89 360.38 PRIOR WINE 50- 4628- 842 -84 MANUAL II' 7 1r V 4. V v b b 1r k � G 4w 4p 40 1989 CITY OF EDINA ,51Jc*HV ►IA r.ATC AMAI MIT CHECK REGISTER 03 -14 -89 PAGE 16 VCNnno TTPM nOOPOTPTTAN APPAIINT NA TNU & P A A MPq -QAGE 2 058P82 03/09/89 403.10 PRIOR WINE 50- 4628 - 862 -86 MANUAL 3; 393 -70- ;. _ 4 -- - - - -- * ** -CKS ° X8016 03/09/89 9 11 QUALITY WINE 50- 4626- 842 -84 7 058016 03/09/89 .51- QUALITY WINE 50- 3710- 822 -82 MANUAL 0 058016 03/09/89 5.64- QUALITY WINE 50- 3710- 822 -82 MANUAL ° .05$0.16._ — 03/09189- 2_2Pc!!---- Y GUAL.IT- _WINE_ 50 -3710- 822 -82 _ MANUAL.____ 10 058Q1G 03/09/89 68.11 QUALITY WINE SO- 3710- 842 -84 MANUAL 058016 03/09/89 55.74- QUALITY WINE 50 -3710- 842 -84 MANUAL 2.29- QUALITY WINE SO- 3710 - 842 -84 --MANUAL 13 058016 03/09/89 68.11 QUALITY WINE 50 -3710- 842 -84 MANUAL j 14 058016 03/09/89 7.87- QUALITY WINE 50- 3710 - 842 -84 MANUAL 's -- DS$Q1G 03/-04/_,S 1 - 0.8 ___QUALM`[- WINE SO-3710-84e-84 _._ MANUAL 16 058016 03/09/89 2.41- QUALITY WINE 50 -3710- 842 -84 MANUAL 17 058016 03/09/89 .65- QUALITY WINE 50- 3710- 842 -84 MANUAL 1B 05.8916 03/09/89 68.11- QUALITY WINE 50- 3710 - 842 -84 MANUAL 1° OSSQ16 03/09/89 68.11- QUALITY WINE 50 -3710- 842 -84 MANUAL 20 058016 03/091$9 6$.11- ,flUALITY WINE 50- 3710 - 842 -84 MANUAL 21 -- OSSfl1.6 0310.9 /S9 42.48- QUALI-T_Y-WINF_ 50 -3710- 862 -86 _MANUAL_ - u 058Q16 03/09/89 7.23- QUALITY WINE 50- 3710 - 862 -86 MANUAL 23 058016 03/09/89 1.67- QUALITY WINE 50- 3710 - 862 -86 MANUAL 24 SSOIG 03/09/89 281.99 QUALITY WINE 50 -4626- 822 -82 MANUAL_ 2' OSS016 03/09/89 3,403.73 QUALITY WINE 50 -4626- 842 -84 MANUAL 26 OS8016 03/09/89 120.72 QUALITY WINE 50 -4626- 842 -84 MANUAL 27 058Qtb 03 /o9 /E9 3.403.73- QUALITY WINE 50- 4626- 842 -84 MANUAL____ 2° 058016 03/09/89 3,403.73- QUALITY WINE 50 -462G- 842 -84 MANUAL 2° 058016 03/09/89 3,403.73 QUALITY WINE 50- 4626- 842 -84 MANUAL 30 OS801G 03/09/89 e,948.27 QUALITY WINE 50 -4626- 842 -84 MANUAL 31 058016 03/09/89 2,786.80 QUALITY WINE 50- 4628 - 842 -84 MANUAL 32 058016 03/09/89 2,123.13 QUALITY WINE 50 -462G- 862 -86 MANUAL 33_ ss_al b 03/09/89 50.70 flUALITY WINE 50- 4628- a22 - a2 _MANUAL 34 058016 03/09/89 221.15 QUALITY WINE 50 -4629- 822 -82 MANUAL 35 OS$QiG 03/09/89 65.00 QUALITY WINE 30- 4528- a42 -a4 MANUAL 36 58016 03/09/89 785.90 QUALITY WINE 50 -4628- 842 -84 MANUAL 37 058016 03/09/89 228.00 QUALITY WINE 50-452x- 842 -84 MANUAL 38 058016 03/09/a9 107.70 QUALITY WINE 50- 4628 - 842 -84 MANUAL 39 _0589t6 03/09/89 165.90 QUALITY WINE 50-4628 - 862 -86 MANUAL 40 058016 03/09/89 721.30 QUALITY WINE 50- 4628 - 862 -86 MANUAL I 41 42 10,417.77* 10,408,66 43 * * *eNk* 44 * ** -CKS �. 45 - _749 03/09/89 24.50 TOW DISTRIBUTING 50- 46_28- 822 -82 MANUAL_ 40 OSST49 03/09/89 59.90 TOW DISTRIBUTING 50- 4628 - 842 -84 MANUAL 4' OS8T49 03/09/89 2.42- TOW DISTRIBUTING SO -4628- 842 -84 MANUAL 40 OSST49 03/09/89 67.66- TOW DISTRIBUTING 50 -4628- 862 -86 MANUAL 49 OS8T49 03/09/89 67.66 TOW DISTRIBUTING SO -4628- 862 -86 MANUAL 60 OSST49 03/09/89 179.70 TOW DISTRIBUTING 50- 4628- 862 -86 MANUAL 51 03/09/89 67.66- TOW DISTRIBUTING 50 -4628- 862 -86 MANUAL � _OS$T49 62 53 194.02 54 * * * * ** * ** -CKS 55 S6 059P70 57 03/09/89 2,000.00 POSTMASTER POSTAGE 10 -4290- 510 -51 MANUAL -I l 1989 OF EDINA CHECK STER 03 -14 -8. AGE 17 l%umflV ►IA AATC AMAIIMT UCMAAD TTCM ACCPDTDTTAM APPAIIMT MA TAI\/ A G A A MCCCACC t 2 3 2,000.00 * 2 3 4 4 # # # # ## _ # #,1 —CKS 'S ' 279,189.98 FUND 10 TOTAL GENERAL FUND 6 1,338.62 FUND 23 TOTAL ART CENTER e 7 64.71 FUND 26 TOTAL SWIMMING POOL FUND 9 ' 12,829.32 FUND 27 TOTAL GOLF COURSE FUND 14 ,314.90 FUND 28 TOTAL RECREAUON CENTER FUND 10 167.25 FUND 29 TOTAL GUN RANGE FUND " 14,024.72 FUND 30 TOTAL EDIN60ROUGH PARK '2 24 230.51 FUND 40 TOTAL UTILITY FUND r 13 14 195,346.34 — 1gs , 337._. FUND 50 TOTAL LIQUOR DISPENSARY FUND 15 41.506.35 TOTAL x 16 17 1B 2 2 z 2 19 20 zt 2 2 2 2 221 23 24 2 3 3 3 23 26 27 3 3 I3 3 28 25 30 _! 13 3 3 4 31 32 33 14 4 I4 4 34 35 36 �4 I4 4 a 37 38 39 4 5 S 3 40 4t 42 5 5 5' 5 43 44 43 I5' 15 8i 46 47 48 6 6. e, 8 49 50 51 G' 6i �8. 6i 52 53 54 B' 71 7 7. 55 56 57 7. 7. 7. J1