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