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2015-08-11 CC Agenda PacketPLEASE TURN OFF ALL CELL PHONES & PAGERS IN COUNCIL CHAMBERS. CITY OF MOUND MISSION STATEMENT: The City of Mound, through teamwork and cooperation, provides at a reasonable cost, quality services that respond to the needs of all citizens, fostering a safe, attractive and flourishing community.! MOUND CITY COUNCIL TUESDAY, AUG 11, 2015 — 7:00 PM REGULAR MEETING MOUND CITY COUNCIL CHAMBERS *Consent Agenda: Items listed under the Consent Agenda are considered routine in nature and will be enacted by a single roll call vote. There will be no separate discussion of these items unless a Council Member or Citizen so requests. In that event the item will be removed from the Consent Agenda and considered in normal sequence. 1. Open meeting 2. Pledge of Allegiance 3. Approve agenda, with any amendments 4. *Consent Agenda *A. Approve payment of claims *B. Approve minutes: July 28, 2015 regular meeting *C. Set Special Meeting - 2016 Budget Workshop, for consideration of the 2016 Preliminary Budget and Levy: Oct 21, 6:30 pm *D. Approve Pay Request No. 4 from Geislinger & Sons, Inc. in the amount of $44,890.16 for the 2014 Street, Utility and Retaining Wall Improvements — West Three Points Blvd. Utilities, City Project No. PW -14 -01 *E. Approve Pay Request No. I from Midwest Asphalt Corporation in the amount of $56,467.97 for the 2014 Street, Utility and Retaining Wall Improvements — West Three Points Blvd. Street, City Project No. PW -14 -01 *E. Approve Pay Request No. 2 from Geislinger & Sons, Inc. in the amount of $296,506.88 for the 2015 Street, Utility and Retaining Wall Improvements — Grandview Boulevard and Tuxedo Boulevard, City Project Nos. PW -15 -01 and PW -15 -02 *G. Adopt Resolution Approving Change Order No. 1 in the Amount of $31,044.85 for the 2015 Street, Utility and Retaining Wall Improvements — Grandview Boulevard City Project No. PW -15 -01 *H. Adopt Resolution Approving Public Lands Permit for Construction of Rain Garden on Unimproved Road Right of Way Adjacent to 6216 Red Oak Road *1. Approve permits for Our Lady of the Lake Catholic Church for the `Incredible Festival, ": Sept 11 -13, 2015, with fees paid 1. 1 -4 Day Temporary On -Sale Liquor License 2. Musical Concert, with extended time 3. Temporary Sign, with extended time Page 1982 -2006 2007 -2012 2013 2014 -2015 2016 -2017 2018 -2020 2021 -2023 2024 -2045 2046 -2056 PLEASE TURN OFF ALL CELL PHONES & PAGERS IN COUNCIL CHAMBERS. *J. Adopt Resolution Denying Variance for 1729 Dove Lane (Planning Case No. 15 -13) 2057 -2060 *K. Approve Public Gathering Permit for Fishers of Men Team Fishing Tournament: 2061 -2063 Sat, Aug 29, 2015, Centerview Beach 5. Comments and suggestions from citizens present on any item not on the agenda. (Limit to 3 minutes per speaker.) 6. Stacie Kvilvang, Senior Municipal Advisor/Director, Ehlers, Inc, requesting action on: 2064 -2070 A. Resolution Accepting Proposal on the Sale of $8,790,000 General Obligation 2071 -2103 Bonds, Series 2015A, Providing for their Issuance and Pledging for the Security Thereof Special Assessments and Net Revenues and Levying a Tax for the Payment Thereof B. Resolution Accepting Proposal on the Sale of $ 2,720,000 General Obligation 2104 -2128 Tax Abatement Bonds, Series 2015B, Providing for their Issuance and Pledging Tax Abatements and Levying for the Security and Payment Thereof Planning Commission Recommendation(s A. Sarah Smith, Community Development Director, with Board of Adjustment and 2129 -2176 Appeals request for property at 2642 Commerce Boulevard to consider boat rental activities similar to boat and marine sales which are allowed by conditional use in the B -1 District Applicant: Mark Overbye from Gekko Boats B. Public Hearing - Consideration /discussion of proposed amendments to Conditional Use Permit for property at 2642 Commerce Boulevard Planning Case No. 15 -14 Applicant: Mark Overbye from Gekko Boats Requested Actions: L Adopt Resolution to approve Board of Adjustment and Appeals Request at 2131 -2132 2642 Commerce Boulevard Adopt Resolution to approve Amendments to the Conditional Use Permit for 2133 -2136 Property at 2642 Commerce Boulevard 8. Discussion /action to amend Public Gathering Permit for Running of the Bays half 2177 -2178 marathon and 5K run to be held on Saturday, September 12, 2015, to add dog walk event Discussion /action on Resolution to Amend Public Gathering Permit for Westonka 2179 -2181 Community & Commerce Dog Days to be held on Sat, Aug 22, 2015, to include dog agility/ dock jumping competition 10. Information /Miscellaneous A. Comments /reports from Councilmembers /City Manager B. Minutes: C. Reports: Fire Commission Meeting - July 29, 2015 2182 -2203 Harbor Wine & Spirits - July 2015 2204 D. Correspondence: CenterPoint Energy Letter - Aug 3, 2015 2205 -2207 11. Adjourn Note. This is a preliminary agenda and subject to change. The Council will set a final agenda at the meeting. More current meeting agendas may be viewed at City Hall or at the City of Mound web site: +ix n rte �(,�raur a rorra. COUNCIL BRIEFING August 7, 2015 Upcoming Events Schedule: Don't Forget!! Aug 11 — 6:55 — HRA regular meeting Aug 1 I — 7:00 —CC regular meeting Aug 22 -- 9:00 -2:00 -- Westonka Dog Days Festival Aug 25 — 6:55 — HRA regular meeting Aug 25 — 7:00 — CC regular meeting Sept 8 — 6:55 — HRA regular meeting Sept 8 — 7:00 — CC regular meeting Sept 9 -- 8:00 -- Police Commission Meeting - Mayor Wegscheid Sept 12 -- 7:30am -- Running of the Bays races & Dog Walls Sept 15 -- 7:00 -- Special Meeting Workshop on water pressure on the Island Sept 19 -- 5:00 -11:00 -- Taste of Tonka Sept 22— 6:55 — HRA regular meeting Sept 22— 7:00 — CC regular meeting Oct 10 -- 8:30 -12:30 -- Farmers' Market & More finale' Oct 13 — 6:55 — HRA regular meeting Oct 13 — 7:00 — CC regular meeting Oct 27 — 6:55 — HRA regular meeting Oct 27 — 7:00 — CC regular meeting Oct 30 -- Seasonal Hours end Nov 1 -- Daylight Saving Time ends Nov 3 -- Election Day - -there may be no public meetings before 8:00pm Nov 10 — 6:55 — HRA regular meeting Nov 10 — 7:00 — CC regular meeting Nov 19 -- 6:00 -- Tree Lighting Ceremony Nov 24 — 6:55 — HRA regular meeting Nov 24 — 7:00 — CC regular meeting Dec 8 -- 6:55 -- HRA regular meeting Dec 8 -- 7:00 -- CC regular meeting Dec 9 -- 8:00 -- Police Commission Meeting Dec 22 -- 6:55 -- HRA regular meeting Dec 22 -- 7:00 -- CC regular meeting City Offices Closed Sept 7 Labor Day Nov 11 Veterans Day Nov 26 -27 Thanksgiving Mayor Wegscheid City Official's Absences Sept 30 -Oct 4 Kandis Hanson - vacation Of Particular Note You are encouraged to attend and observe the Parks & Open Space Commission interviews on Nov 12 and Docks & Commons Commission interviews on Nov 19. There are vacancies on each to fill. One of the best ways to get really good volunteers is to invite people to get involved You may direct potential candidates to Catherine (952- 472 -0633 or catherinepausche @cityofmound.com) or Eric (952- 472 -0636 or EricHoverstend@ cityofmound.com) to address questions or to attain an application. We have a Nov 2 deadline for applications. CITY OF MOUND 1 COUNCIL 2015 063015BLTMNK $ 176,881.16 2015 080515CTYMAN $ 21253.21 2015 3QNEWSLETTER $ 963.64 2015 FISFIFRYTIX $ 160.00 2015 DEPOTREF $ 132.08 2015 081115CITY 2015 1: 930.47 2015 1. , CITY OF MOUND Payments Current Period: August 2015 Batch Name 0630156LTMNK User Dollar Amt $176,881.16 Payments Computer Dollar Amt $176,881.16 $0.00 In Balance Refer 1 BOLTONAND MENK, INCORPORA _ Cash Payment E 402 - 43120 -300 Professional Srvs MSA SYSTEM COORD UPDATE SVCS THRU JUNE 19 2015 Invoice 0179886 6/30/2015 Cash Payment E 675- 49425 -300 Professional Srvs Invoice 0179888 6130/2015 Cash Payment E 101- 43100 -300 Professional Srvs Invoice 0179878 6/30/2015 Cash Payment E 602- 49450 -300 Professional Srvs Invoice 0179878 6130/2015 Cash Payment E 401 - 43113 -303 Engineering Fees Invoice 0179889 6/30/2015 Cash Payment E 675 - 49425 -300 Professional Srvs Invoice 0179882 6/30/2015 SURFACE WATER MGMT SVCS THRU JUNE 19 2015 GENERAL ENGINEERING SVCS THRU JUNE 192015 IN -HOUSE ENGINEERING SVCS HALF OF MAY CREDIT 2015 Project 15 -3 2013 STREET, UTILITY IMPROV PROJ. PW13- 01 ENG SVCS THRU JUNE 19 2015 Project PW1301 WCA ADMINISTRATION STORMWATER SVCS THRU JUNE 19 2015 08/05/15 8:06 AM Page 1 $675.00 $375.00 $3,000.00 - $2,500.00 $450.00 $94.00 Cash Payment E 675- 49425 -300 Professional Srvs STORMWATER UTILITY -SWPPP UPDATE $1,554.00 ENG SVCS THRU JUNE 19 2015 Invoice 0179885 6/30/2015 Transaction Date 7/30/2015 Wells Fargo 10100 Total ,,..a.,.,,,»..,.,..,,.,�.,e,�, $3,648.00 Refer 2 BOLTON AND MENK, INCORPORA��.....,..,» Cash Payment E 602- 49450 -300 Professional Srvs MCES FLOWS- PROJECTS, $5,251.00 REVIEW /COORDINATION THRU JUNE 19 2015 Invoice 0179890 6/30/2015 Cash Payment E 601- 49400 -300 Professional Srvs WATER WELLHEAD PROTECTION PLAN $6,609.25 ENGINEERING SVCS THRU JUNE 19 2015 Invoice 0179887 6/30/2015 Cash Payment E 401- 43114 -303 Engineering Fees 2014 STREET, UTILITY IMPROV PROD. PW14- $84,099.25 01 ENG SVCS THRU JUNE 19 2015 Invoice 0179892 6/30/2015 Project PW1401 Cash Payment E 602 - 49450 -500 Capital Outlay FA 2014 LIFT STATION IMPROV PROJ PW 14 -03 $750.00 ENG SVC THRU JUNE 19 2015 Invoice 0179893 6/3012015 Project PW1403 Cash Payment E 601 - 49400 -500 Capital Outlay FA 2014 BARTLETT BLVD WATERMAIN $1,220.00 REPLACE PROJ PW 14 -08 ENG SVC THRU JUNE 19 2015 Invoice 0179895 6/30/2015 Project PW1408 Cash Payment E 602 -49450 -500 Capital Outlay FA 2014 SANITARY SEWER REHAB -ENG SVC $2,008.00 THRU JUNE 19 2015 PW 14 -05 Invoice 0179897 6/3012015 Project PW1405 Cash Payment E 675 - 49425 -500 Capital Outlay FA 2014 STORM DRAINAGE IMPROV PROD PW $1,425.00 14 -04 ENG SVCS THRU JUNE 19 2015 Invoice 0179891 6/30/2015 Project PW1404 Transaction Date 7/30/2015 ,—C—,- Wells Fargo 10100 Total —_ .�. -- . —,— - �,,..,..,- -,. �. �.,..»...,�.,�.�...,�,�,.,. $101,362.50 «... - Refer - 3 BOLTON AND MENK, ORA _ 198 CITY OF MOUND Payments Current Period: August 2015 08/05/15 8:06 AM Page 2 Fund Summary .w. Cash Payment E 401 -43115 -303 Engineering Fees 2015 GRANDVIEW BLVD ST IMPROV PROJ $29,912.88 $130,937.01 402 MUNICIPAL STAID ST CONSTUCT ENG SVC THRU JUNE 19 2015 PW 15 -01 427 SEAL COAT FUND Invoice 0179899 6/30/2015 Project PW1501 602 SEWER FUND Cash Payment E 602 -49450 -500 Capital Outlay FA 2015 LIFT STATION IMPROV PROJ PW15 -04 $818.00 $176,881.16 ENG SVC THRU JUNE 19 2015 Invoice 0179896 6/30/2015 Project PW1504 Cash Payment E 601- 49400 -500 Capital Outlay FA 2015 BARTLETT BLVD WATERMAIN $2,398.00 REPLACE PROJ PW 15 -09 COMMERCE TO LOST LAKE BLVD ENG SVC THRU JUNE 19 2015 Invoice 0179900 6130/2015 Project PW1509 Cash Payment E 401 - 43135 -303 Engineering Fees 2015 TUXEDO BLVD ST IMPROV PROJ ENG $16,474.88 SVC THRU JUNE 19 2015 PW 15 -02 I nvoice 0179898 6/30/2015 Project PW1502 Cash Payment E 675 -49425 -500 Capital Outlay FA 2015 STORM DRAINAGE IMPROV PROJ $75.00 PW15 -05 ENG SVCS THRU JUNE 19 2015 Invoice 0179901 6130/2015 Project PW1505 Cash Payment E 601- 49400 -300 Professional Srvs MOUND WATER SYSTEM MODELING ENG $2,315.90 SVCS THRU JUNE 19 2015 Invoice 0179883 6/30/2015 Cash Payment G 101 -23309 XXXX FAIRFIELD - PC #14 -1 MISSION WOODS DEVELOP REVIEW $150.00 FAIRFIELD RD ENGINEER SVCS THRU JUNE 192015 Invoice 0179884 6/30/2015 Cash Payment G 101 -23332 PC15 -13 1729 DOVE LN 1729 DOVE LN DEVELOP REVIEW- ENG $37.50 SVCS THRU JUNE 19 2015 Invoice 0179884 6/30/2015 Cash Payment E 427 - 43121 -303 Engineering Fees 2015 CRACK SEAL & SEAL COAT PROD- PW $3,860.00 15 -07 -08 ENG SVCS THRU JUNE 19 2015 Invoice 0179904 6/30/2015 Project PW1507 Cash Payment E 601 - 49400 -500 Capital Outlay FA 2015 WILSHIRE BLVD TRUNK WATERMAIN $15,791.00 IMPROV PROD ENG SVC THRU JUNE 19 2015 Invoice 0179902 6/30/2015 Project PW1511 Cash Payment G 101 -23334 PC 15 -14 2642 COMMERCE 2642 COMMERCE BLVD DEVELOP REVIEW- $37.50 ENG SVCS THRU JUNE 19 2015 Invoice 0179884 6/30/2015 _ Transaction Date 7/30/2015 Wells Fargo 10100 Total $71,870.66 Fund Summary 10100 Wells Fargo 101 GENERAL FUND $3,225.00 401 GENERAL CAPITAL PROJECTS $130,937.01 402 MUNICIPAL STAID ST CONSTUCT $675.00 427 SEAL COAT FUND $3,860.00 601 WATER FUND $28,334.15 602 SEWER FUND $6,327.00 675 STORM WATER UTILITY FUND $3,523.00 $176,881.16 Pre - Written Check $0.00 Checks to be Generated by the Computer $176,881.16 Total $176,881.16 anon CITY OF MOUND Payments Current Period: August 2015 08/05/15 7:47 AM Page i i.r uw x';" u,,: a: �a�. auval.; ��' �1Y; X•, kh, w7.;: at�u &"wails:u��xaaha«�tt"`"A;i,"t�.. w�;3n^:,^�w,�;ees Batch Name 080515CTYMAN User Dollar Amt $2,253.21 Payments Computer Dollar Amt $2,25121 $0.00 In Balance Refer 1 HOME DEPOT /GECF_(PIM _ Cash Payment E 101 -45200 -404 Machinery/Equip Repairs REFIRIGERATOR/FREEZER DEPOT BLDG $648.00 Invoice 7011343 7/6/2015 Cash Payment E 101- 45200 -220 Repair /Maint Supply 2 X 12 X 12 LUMBER TO REPAIR PARK $75.81 BACKSTOPS Invoice 1010660 7/2/2015 Cash Payment E 101- 45200 -220 Repair /Maint Supply 2 X 12 X 12 LUMBER TO REPAIR PARK $151.62 BACKSTOPS Invoice 7011341 7/612015 Cash Payment E 101 -45200 -210 Operating Supplies BLACK GRATES- DRAIN COVERS- $4.24 SURFSIDE PARK Invoice 1066488 6/22/2015 Cash Payment E 101- 45200 -210 Operating Supplies CORDLESS DRILL- & 18 V BATTERIES- $457.00 PARKS DEPT Invoice 1066488 6/22/2015 _ Transaction Date 814/2015 Wells Fargo 10100 Total $1,336.67 -W4am Refer 2 NORTHERN TOOL AND EQUIPMEN _� Cash Payment E 101 -45200 -210 Operating Supplies CHEMICAL SPRAYER- HOSE CONNECTOR- $197.98 PARKS- DEPOT GEESE REPELL Invoice 10360 6122/2015 Cash Payment E 101 -45200 -220 Repair /Maint Supply CREDIT -PRO TAILGATE SPREADER -SUV, - $13.71 1/8" STONE FOR GRINDER Invoice 10360 6/22/2015 Transaction Date 8/412015 Wells Fargo 10100 Total $184.27 Refer � 3�VERIZON WIRELESS Cash Payment G 101 -13100 Due From Other Funds CELL PHONE CHARGES 6 -14 -15 THRU 7 -13- $31.05 2015 Invoice 9748964877 7/13/2015 Cash Payment E 101 -43100 -321 Telephone, Cells, & Radi CELL PHONE CHARGES 6 -14 -15 THRU 7 -13- $139.44 2015 Invoice 9748964877 7/13/2015 Cash Payment E 601 - 49400 -321 Telephone, Cells, & Radi CELL PHONE CHARGES 6 -14 -15 THRU 7 -13- $127,93 2015 Invoice 9748964877 7113/2015 Cash Payment E 602 - 49450 -321 Telephone, Cells, & Radi CELL PHONE CHARGES 6 -14 -15 THRU 7 -13- $126.18 2015 Invoice 9748964877 7/13/2015 Cash Payment E 101- 42400 -321 Telephone, Cells, & Radi CELL PHONE CHARGES 6 -14 -15 THRU 7 -13- $38.21 2015 Invoice 9748964877 7/13/2015 Cash Payment E 101- 45200 -321 Telephone, Cells, & Radi CELL PHONE CHARGES 6 -14 -15 THRU 7 -13- $102.46 2015 Invoice 9748964877 7113/2015 Cash Payment E 101- 41310 -321 Telephone, Cells, & Radi CELL PHONE CHARGES 6 -14 -15 THRU 7 -13- $50.49 2015 Invoice 9748964877 711312015 Cash Payment E 222- 42260 -321 Telephone, Cells, & Radi CELL PHONE CHARGES 6 -14 -15 THRU 7 -13- $100.98 2015 Invoice 9748964877 7/13/2015 -1985- CITY OF MOUND Payments Current Period: August 2015 08/05/15 7:47 AM Page 2 i, axumn�ia�.k��h�d�«n'nw3Uitd`r?w aY1waHU :s�MX4"3tii� wvn*UG'm }l�#i'SeAi�i Cash Payment E 101 - 42115 -321 Telephone, Cells, & Radi CELL PHONE CHARGES 6 -14 -15 THRU 7 -13- $15.53 2015 Invoice 9748964877 7/1312015 Transaction Date 8/4/2015 Wells Fargo 10100 Total $73217 Fund Summary 10100 Wells Fargo 101 GENERAL FUND $1,898.12 222 AREA FIRE SERVICES $100.98 601 WATER FUND $12793 602 SEWER FUND $126.18 $2,253.21 Pre - Written Check $0.00 Checks to be Generated by the Computer $2,253.21 Total $2,253.21 •I• CITY OF MOUND 07/27/159:50 AM Page 1 Payments Current Period: July 2015 Uael' tit�U':' z` w@;i iC ?`"4Swa"LA"t.','tk',xkk�lHUN= Batch Name 3QNEWSLETTER Payment Computer DollarAmt $963.64 Posted Refer 315 POSTMASTER Ck# 049090 7127/2015 Cash Payment E 101- 41110 -322 Postage POSTAGE CITY CONTACT NEWSLETTER $963.64 3RD QTR -AUG, SEPT, OCT 2015 EDITION - 10 PGS Invoice 072715 7127/2015 Transaction Date 7/27/2015 Due 0 Wells Fargo 10100 Total $963.64 Fund Summary 10100 Wells Fargo 101 GENERAL FUND $963.64 Pre - Written Check $963.64 Checks to be Generated by the Computer $0.00 Total $963.64 $963.64 -1987- CITY OF MOUND 08/06/158:29 AM Page 1 Payments Current Period: July 2015 Batch Name FISH FRYTIX Payment Computer Dollar Amt $160.00 Posted Refer _ 1 MOUND FIRE RELIEF GENERAL F Ck# 048965 7/2/2015 Cash Payment R 609 - 49750 -37817 Promotional Event FISH FRY 2015 TICKET SALES @ HWS - 16 QTY Invoice 070215 7/2/2015 Transaction Date 7/2/2015 Due 0 Wells Fargo 10100 Total Fund Summary 10100 Wells Fargo 609 MUNICIPAL LIQUOR FUND $160.00 $160.00 Pre - Written Check $160.00 Checks to be Generated by the Computer $0.00 Total $160.00 •S: $160.00 $160.00 CITY OF MOUND Payments Current Period: July 2015 Batch Name DEPOTREF Payment Computer Dollar Amt $132.08 Posted Refer 2 HEIL, BRIDGIT Cash Payment R 101- 45000 -34110 Depot Rental 08/06/15 10:46 AM Page 1 Ck# 049173 7/30/2015 JULY 24TH DEPOT CLEANING FEE $82.08 REFUNDED- B. HEIL -PAID- RECPT #65123- Invoice 073115 7/27/2015 Transaction Date 7/30/2015 Due 0 Wells Fargo 10100 Total $82.08 Refer 1 WELLS FARGO m..m....».....a.....,.....�.Ck# 049174 7/30/2015 Cash Payment R 101- 45000 -34110 Depot Rental DEPOT CLEANING FEE REVERSAL- CASH $50.00 DEPOSIT B. HEIL- REPLENISH PETTY CASH Invoice 073115 7/31/2015 Transaction Date 7/3012015 Due 0 Wells Fargo 10100 Total $50.00 Fund Summary 101 GENERAL FUND 10100 Wells Fargo $132.08 $132.08 Pre - Written Check $132.08 Checks to be Generated by the Computer $0.00 Total $132.08 CITY OF MOUND Payments Current Period: August 2015 08/06115 8:25 AM Page 1 Batch Name 081115CITY User Dollar Amt $151,408.40 Payments Computer Dollar Amt $151,408.40 $0.00 In Balance Refer 1 BENIEK PROPERTY SVCS INC._ _ Cash Payment E 101- 49999 -300 Professional Srvs FORCED MOWING 7-08-15 R 08 -R115 MING @ 5057 $60.00 Invoice 145183 7/31/2015 Cash Payment E 101- 49999 -300 Professional Srvs Invoice 145183 7/31/2015 Transaction Date 8/6/2014 Refer 3 BIFFS, INC PORTABLE.RESTROO Cash Payment E 101- 45200 -410 Rentals (GENERAL) Invoice W567690 7/22/2015 Cash Payment E 101- 45200 -410 Rentals (GENERAL) Invoice W567691 7/22/2015 Cash Payment E 101- 45200 -410 Rentals (GENERAL) Invoice W567692 7/22/2015 Transaction Date 8/6/2015 Refer. 4 CENTERPOINT ENERGY (MINNEG Cash Payment E 602- 49450 -383 Gas Utilities Invoice 081115 7/2712015 Cash Payment E 602- 49450 -383 Gas Utilities Invoice 081115 7/27/2015 Cash Payment E 602 -49450 -383 Gas Utilities Invoice 081115 7/27/2015 Cash Payment E 602 - 49450 -383 Gas Utilities Invoice 081115 7/27/2015 Cash Payment E 602- 49450 -383 Gas Utilities Invoice 081115 712712015 Cash Payment E 602- 49450 -383 Gas Utilities Invoice 081115 7/27/2015 Cash Payment E 602 -49450 -383 Gas Utilities Invoice 081115 7/27/2015 Cash Payment E 602 - 49450 -383 Gas Utilities Invoice 081115 7/27/2015 Transaction Date 8/6/2015 Refer 38 D VINCIS NA TVA INCORPORAT Cash Payment E 222 - 42260 -431 Meeting Expense Invoice 96275 7/29/2015 FORCED MOWING TRIMMING @ 6056 $60.00 HAWTHORNE RD 7 -15 -15 Wells Fargo 10100 Total $120,00 CENTERVIEW BEACH BIFFS RENTAL & SVC $379.00 6/24/15 THRU 7/21115 SURFSIDE PARK BIFFS RENTAL & SVC $533.00 6/24/15 THRU 7/21 /15 SKATEPARK BIFFS RENTAL & SVC 6/24/15 $379.00 THRU 7/21115 Wells Fargo 10100 Total $1,291.00 2649 EMERALD DR. LS E3 GENERATOR $21.12 NATL GAS SVC 6 -22 -15 THRU 7- 222 -15 4791 NORTHERN RD LS D1 GENERATOR $32.34 NATL GAS SVC 6 -22 -15 THRU 7 -22 -15 3303 WATERBURY RD LS GAS SVC 6 -22 -15 $18.32 THRU -22 -15 2990 HIGHLAND BLVD LS B1 GENERATOR $31.79 NATL GAS SVC 6 -22 -15 THRU 77 -22 -15 4948 BARTLETT LS E2 GENERATOR NATL $17.75 GAS SVC 6 -22 -15 THRU 7 -22 -15 4728 CARLOW RD LS GENERATOR NATL $20.56 GAS SVC 6 -22 -15 THRU 7 -22 -15 5808 GRANDVIEW BLVD LS GENERATOR $20.56 NATL GAS SVC 6 -22 -15 THRU 7 -22 -15 4922 THREE PTS BLVD LS GENERATOR $20.55 NATL GAS SVC 6 -22 -15 THRU 7 -22 -15 Wells Fargo 10100 Total $182.99 ......... _._. LUNCH FIRE COMMISSION MTG 7 -29 -15 $70.19 Transaction Date 8/612015 Refer 5 DAVES MULCH STORE Cash Payment E 101 - 45200 -232 Landscape Material Invoice 8031 6/26/2015 Cash Payment E 101- 45200 -232 Landscape Material Invoice 7919 6/17/2015 Cash Payment E 101- 45200 -232 Landscape Material Invoice 7997 6124/2015 Cash Payment E 101 - 45200 -232 Landscape Material Invoice 8069 6/2912015 Transaction Date 8/6/2014 NORTHERN WHITE CEDAR MULCH 50/50 CONTRACTORS MULCH 50/50 CONTRACTORS MULCH NORTHERN WHITE CEDAR MULCH Wells Fargo 10100 08/06/15 8:25 AM Page 2 Total $70.19 $144.00 $80.50 $80.50 $144.00 Total $449.00 Refer 7 DEM -CON LANDFILL 2015 NETWORK UPGRADE- HARDWARE $19,300.00 Cash Payment E 101 -45250 -400 Repairs & Maintenance CEMETERY CLEAN UP - 3.65 TON DISPOSAL $146.00 Invoice 02- 00620319 6/10/2015 E 101- 41920 -500 Capital Outlay FA 2015 NETWORK UPGRADE- 50% LABOR Transaction Date 8/6/2015 Wells Fargo 10100 Total $146.00 Refer 8 EGAN COMPANIES Transaction Date 8/6/2015 Cash Payment E 101- 43100 -440 Other Contractual Servic STREET LIGHTING MTCE SVC AGREEMENT- $3,631.75 2015 WO #1- APRIL- 6 MO INSPECT E 222 -42260 -321 Telephone, Cells, & Radi Invoice JC10121745 7/17/2015 Cash Payment E 101- 43100 -440 Other Contractual Servic REPLACE LIGHT POLE & FIXTURE ON $9,164.12 EXISITNG BASE- DAMAGED POLE - E 101- 41920 -321 Telephone, Cells, & Radi NETWORK ETHERNET SVC 7 -20 -15 THRU 8- $553.86 SHORELINE DRIVE 11 -20 -14 -INS CLAIM 20 -15 CREDIT 2 -5 -15 AM FAM 7120/2015 Invoice JC10121746 7/17/2015 Transaction Date _ Transaction Date 81612015 Wells Fargo 10100 Total $12,795.87 Refer .... �. ��,».. �,,.. �-.,,, 9ERVIN, DEREK R. �,_, �....,,..«.... 4. W. �, �.,....,. ,...�.._,..,....,..�,..,.w.... Cash Payment E 602 - 49450 -218 Clothing and Uniforms 2015 BOOT ALLOWANCE REIMB- D. ERVIN $161.98 Invoice 081115 8/4/2015 Transaction Date 8/612015 Wells Fargo 10100 Total $161.98 Refer 10 FIVE TECHNOLOGY Cash Payment E 101- 41920 -440 Other Contractual Servic MONTHLY SVC & NETWORK MTCE- AUG $1,800.00 2015 Invoice 10815 -30 8/1/2015 Cash Payment E 101- 41920 -500 Capital Outlay FA 2015 NETWORK UPGRADE- HARDWARE $19,300.00 Invoice P2112 813/2015 PO 24600 Cash Payment E 101- 41920 -500 Capital Outlay FA 2015 NETWORK UPGRADE- 50% LABOR $5,100.00 Invoice P2112 8/3/2015 PO 24600 Transaction Date 8/6/2015 Wells Fargo 10100 Total .,...a,.....,.,..a..«,,.. $26,200.00 Refer 11 FRONTIER/CITIZENS COMMUNICAw Cash Payment E 222 -42260 -321 Telephone, Cells, & Radi NETWORK ETHERNET SVC 7 -20 -15 THRU 8- $184.62 20 -15 Invoice 4460203 7/20/2015 Cash Payment E 101- 41920 -321 Telephone, Cells, & Radi NETWORK ETHERNET SVC 7 -20 -15 THRU 8- $553.86 20 -15 Invoice 4460203 7120/2015 Transaction Date 8/6/2015 Wells Fargo 10100 Total $738.48 Refer 12FRONTIER/CITIZENSCOMMUNICA -1991- CITY OF MOUND Payments 08/06/15 8:25 AM Page 3 Current Period: August 2015 SQ-11AZ ,:;':. >`1.',LFm"ibr4 Cash Payment E 101 -45200 -321 Telephone, Cells, & Radi PHONE SVC 7/30115 TO 8129/15 Invoice 081115 7/30/2015 Cash Payment E 602 - 49450 -321 Telephone, Cells, & Radi PHONE SVC 7/30115 TO 8129/15 LIFT STATION LINE Invoice 081115 Cash Payment Invoice 081115 Cash Payment Invoice 081115 Cash Payment Invoice 081115 Cash Payment Invoice 081115 Cash Payment Invoice 081115 Cash Payment Invoice 081115 Cash Payment Invoice 081115 Cash Payment Invoice 081115 Transaction Date 8/612015 7/30/2015 13 GOPHER STATE ONE CALL E 609 - 49750 -321 Telephone, Cells, & Radi PHONE SVC 7130/15 TO 8/29/15 7/30/2015 7131/2015 E 602 - 49450 -321 Telephone, Cells, & Radi PHONE SVC 7/30115 TO 8/29/15 7/30/2015 7/31/2015 E 601 -49400 -321 Telephone, Cells, & Radi PHONE SVC 7130/15 TO 8/29/15 7/30/2015 E 101 - 43100 -321 Telephone, Cells, & Radi PHONE SVC 7/30/15 TO 8129/15 7/30/2015 E 101 - 41930 -321 Telephone, Cells, & Radi PHONE SVC 7130/15 TO 8/29/15 7/30/2015 E 222- 42260 -321 Telephone, Cells, & Radi PHONE SVC 7/30/15 TO 8129/15 7/30/2015 E 101- 41910 -321 Telephone, Cells, & Radi PHONE SVC 7/30/15 TO 8/29115 7/30/2015 E 101- 42110 -321 Telephone, Cells, & Radi PHONE SVC 7/30/15 TO 8/29/15 7/30/2015 Refer 44 G & K SERVICES Cash Payment E 101- 43100 -218 Clothing and Uniforms Invoice 1006205262 712012015 Cash Payment E 601 - 49400 -218 Clothing and Uniforms Invoice 1006205262 7/20/2015 Cash Payment E 602 - 49450 -218 Clothing and Uniforms Invoice 1006205262 7/20/2015 Cash Payment E 602 - 49450 -210 Operating Supplies Invoice 1006205262 7/20/2015 Transaction Date 8/6/2015 Refer 43 G & K SERVICES Cash Payment E 101- 45200 -218 Clothing and Uniforms Invoice 1006193925 7/13/2015 Cash Payment E 101 - 45200 -210 Operating Supplies Invoice 1006193925 7/13/2015 Cash Payment E 101-45200 -218 Clothing and Uniforms Invoice 1006205264 7/20/2015 Cash Payment E 101- 45200 -210 Operating Supplies Invoice 1006205264 7/20/2015 Transaction Date 8/6/2015 Refer 13 GOPHER STATE ONE CALL Cash Payment E 601 - 49400 -395 Gopher One -Call Invoice 139473 7131/2015 Cash Payment E 602 - 49450 -395 Gopher One -Call Invoice 139473 7/31/2015 Transaction Date 8/6/2015 Wells Fargo 10100 UNIFORM SVC 7 -20 -15 UNIFORM SVC 7 -20 -15 UNIFORM SVC 7 -20 -15 $122.65 $72.63 $594.07 $419.84 $407.49 $407.49 $897.49 $299.17 $149.59 $149.59 Total $3,520.01 $59,30 $56.36 $57.53 MAT SVC & SHOP SUPPLIES 7 -20 -15 $138.90 Project 15 -3 Wells Fargo 10100 Total $312.09 UNIFORM SVC 7 -13 -15 PARKS $55.54 MAT SVC & SHOP SUPPLIES 7 -13 -15 PARKS $83.68 UNIFORM SVC 7 -20 -15 PARKS $62.77 MAT SVC & SHOP SUPPLIES 7 -20 -15 PARKS $104.05 Wells Fargo 10100 Total $306.04 JULY 2015 LOCATES $139.35 JULY 2015 LOCATES $139.35 Wells Fargo 10100 Total $278.70 CITY OF MOUND Payments Current Period: August 2015 08/06/15 8:25 AM Page 4 Refer 14 GROVE NURSERY Cash Payment E 101 -45200 -232 Landscape Material PLANTS, FLOWERS, HOSTA- $633.75 STREETSCAPING Invoice 25655700 6124/2015 Cash Payment E 101- 45200 -232 Landscape Material Invoice 25638900 6/22/2015 Transaction Date 8/6/2015 Refer 15 GUST, RONALD R. JR� Cash Payment G 101 -22802 Festival PLANTS, FLOWERS, HOSTA- STREETSCAPING Wells Fargo 10100 REIMB MILEAGE SPIRIT OF THE LAKES BUSINESS- R. GUST JULY 16 -18 2015 $758.75 Total $1,392.50 $43.70 Invoice 081115 8/412015 Transaction Date 8/6/2015 Transaction Date 816/2015 Wells Fargo 10100 Total ....m..". $43.70 Refer 16 HARTMAN, FREDRICK _ 8/612015 Cash Payment E 281- 45210 -331 Use of personal auto REIMB MILEAGE- DOCK INSPECTIONS- F. $31.22 HARTMAN JULY 20 -29 2015 Invoice 081115 8/3/2015 Cash Payment E 281 - 45210 -210 Operating Supplies REIMB HUDSON WEST METRO MAP- DOCK $6.99 INSPECTIONS- F. HARTMAN JULY 2015 Invoice 081115 8/3/2015 Transaction Date 8/6/2015 Refer 17 HD SUPPLY WATERWORKS, LTD Cash Payment E 601-49400-210 Operating Supplies Invoice E202238 7/16/2015 Cash Payment E 601 - 49400 -210 Operating Supplies Invoice E131826 6/30/2015 Cash Payment E 601 -49400 -224 Street Maint Materials Invoice E131801 7/9/2015 Transaction Date 8/612015 Refer 18 HYDRO KLEAN Cash Payment E 601- 49400 -220 Repair / Maint Supply Invoice 52215 6/30/2015 Transaction Date 8/6/2015 Refer 20 JESSEN PRESS INCORPORATED Cash Payment E 101- 41110 -350 Printing Invoice 669672 7/29/2015 Transaction Date 8/612015 Refer 19 JOHN DEERE GOVERNMENT /NATI Cash Payment E 101-45200-232 Landscape Material Invoice 72373074 6/26/2015 Transaction Date 816/2015 - - -� -� Refer 21 JUBILEE FOODS Cash Payment E 101- 45200 -232 Landscape Material Invoice 081115 7/7/2015 Wells Fargo 10100 16 WATER METER 3/4" CURB BOXES - WIRE,COUPLING Total $38.21 $2,539.09 HYDRAFINDER HYDRANT FLAG MARKERS FIRE HYDRANT PAINT Wells Fargo 10100 MID- AMERICAN REPAIR -V- LOCPRO RECEIVER $291.50 $292.11 Total $3,122.70 $346.70 Wells Fargo 10100 Total $346.70 PRINT, MAIL -CITY CONTACT NEWS 8 PG $1,425.00 FEB, MARCH, APRIL 2015 6,200 COPIES Wells Fargo 10100 Total $1,425.00 V GLOBE VLV POLY & VALVE & FILTERS $118.99 Wells Fargo 10100 Total $118.99 PLANTS- SURFSIDE & VETERANS PARKS- $17313 JOHN'S OUTDOOR 7 -7 -15 -1993- CITY OF MOUND Payments Current Period: August 2015 08/06/15 8:25 AM Page 5 Cash Payment E 609 - 49750 -255 Misc Merchandise For R FRESH LIMES & LEMONS FOR RESALE $30.00 Invoice 081115 7/29/2015 Cash Payment E 222- 42260 -431 Meeting Expense WATER & POP FIRE COMMISSION LUNCH - $10.06 MEETING 7 -29 -15 Invoice 081115 7/28/2015 Transaction Date 8/6/2015 Refer 22 KELLY, KEVIN Cash Payment E 281-45210-331 Use of personal auto Invoice 081115 8/3/2015 Cash Payment E 101 -41500 -331 Use of personal auto Wells Fargo 10100 Total $213.79 REIMB MILEAGE- DOCK INSPECTIONS- K. $920 KELLY JULY 2 -23 2015 REIMB MILEAGE- CLERK - LICENSING- K. $1.78 KELLY 6 -25 THRU 7 -27 2015 Invoice 081115 8/3/2015 Transaction Date 8/612015 Wells Fargo 10100 Total $10.98 Refer 23 LAKE RESTORATION, INC. Cash Payment E 675 -49425 440 Other Contractual Servic $575.00 DUCKWEED, SUBMERGED WEEDS & ALGAE Invoice 134615 7/31/2015 Cash Payment E 675 - 49425 -440 Other Contractual Servic SHOCKWEED S # $220.00 SUBMERGED WEEDS ALGAE Invoice 134787 7/31/2015 . __. _.. .. Transaction Date 8/6/2015..,M µm, Wells Fargo 10100^ Total $795.00 Refer 24 LEAGUE OF MINNESOTA. CITIES _ Wells Fargo 10100 Total Cash Payment E101-41310-435 Books and Pamphlets DIRECTORY OF MN CITY OFFICIALS- QTY 2 $99.90 Invoice 081115 8/3/2015 ... _... - _.. Transaction Date 8/6/2015 M., Wells Fargo 10100 Total m -- $99.90 Refer .mw.. 46 LEE, MARK AND BECKY_ Cash Payment . 1. R 101- 42000 -34114 Planning Commish Ap REFUND VARIANCE APPLICATION FEE- $200.00 1975 LAKESIDE LANE M. LEE PC 14 -25 Invoice 081115 813/2015 Transaction Date Cash Payment G 101 -23320 1975 LAKESIDE LANE PC #1 REFUND ESCROW DEPOSIT 1975 LAKESIDE LANE M. LEE PC 14 -25 Invoice 081115 813/2015 Invoice 0001047528 8/4/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total Refer Cash Payment 25 MCGINNIS, ROBIN R 281-45210-34737 Villa Slip Revenue LIP FEE #34- RE- RENTAL RATE R. MCGINNIS Invoice 081115 7/27/2015 Cash Payment G 281 -22000 Deposits Invoice 081115 7/27/2015 Transaction Date 8/6/2015 Refer 26 METROPOLITAN COUNCIL. WASTE Cash Payment E 602- 49450 -388 Waste Disposal -MCIS Invoice 0001047528 8/4/2015 Transaction Date 8/612015 Refer 45 MINNESOTA VALLEY TESTING LA REFUND KEY DEPOSIT LOST LAKE SLIP #34- R. MCGINNIS Wells Fargo 10100 Total WASTEWATER SERVICES SEPT 2015 Wells Fargo 10100 -1994- $750.00 m$950.00 $700.00 $100.00 $800.00 $64,157.17 Total $64,157.17 CITY OF MOUND Payments 08/06/15 8.25 AM Page 6 Current Period: August 2015 Cash Payment E 601- 49400 -470 Water Samples MONTHLY CHLORINE REPORT & COLIFORM $72.50 WATER TESTS -10 Invoice 767308 8/3/2015 Transaction Date 8/612015 Refer, 28 MINT ROOFING Cash Payment E 101 - 41910 -401 Building Repairs Invoice 59029 Transaction Date 7/14/2015 8/5/2015 Refer 27 MN CLEAN SERVICES, INC. Cash Payment E 101- 41930 -460 Janitorial Services Invoice 0815M01 8/1/2015 Cash Payment E 222 - 42260 -460 Janitorial Services Invoice 0815M01 8/1/2015 Cash Payment E 101 -41910 -460 Janitorial Services Invoice 0815M01 8/1/2015 Cash Payment E 602 - 49450 -460 Janitorial Services Invoice 0815M01 8/1/2015 Transaction Date 8/5/2015 Refer 29 MOUND- WESTONKA ROTARY Cash Payment _ G 101 -22801 Deposits /Escrow Invoice 081115 8/4/2015 Transaction Date 8/5/2015 Refer x•30 MTI DISTRIBUTING, INC. Cash Payment E 101 -45200 -220 Repair /Maint Supply Invoice 1021227 7/9/2015 Transaction Date 8/5/2015 Refer 32 OFFICE DEPOT�� m...,..v�...® Cash Payment E 101 - 41930 -200 Office Supplies Invoice 782492444001 7123/2015 PO 24577 Cash Payment E 602 - 49450 -200 Office Supplies Invoice 782492497001 7/23/2015 PO 24577 Cash Payment E 101 - 41930 -200 Office Supplies Invoice 782492496001 7/23/2015 PO 24577 Wells Fargo 10100 Total $72.50 REPAIR ROOF LEAK IN COUNCIL $454.99 CHAMBERS- CENT BLDG 7 -8 -15 $507.50 Wells Fargo 10100 Total $454.99 DIAGNOSTICS -PARKS VEHICLE JANITORIAL SVC- JULY 2015- CITY HALL $245.20 JANITORIAL SVC- JULY 2015- FIRE BLDG $245.20 JANITORIAL SVC- JULY 2015- CENTENNIAL $326.93 BLDG JANITORIAL SVC- JULY 2015- PUBLIC $163.47 WORKS BLDG Project 15 -3 Wells Fargo 10100 Total $980.80 REFUND LEGAL FEES PAID- HARBOR $507.50 DISTRICT PROJECT- ROTARY CLUB Wells Fargo 10100 Total $507.50 IGNITION SWITCH, RELAY, ELECTRICAL $166.90 DIAGNOSTICS -PARKS VEHICLE Wells Fargo 10100 ADDRESS LABELS Total $166.90 $12.76 SAN DISK FLASH DRIAVE- SEWER DEPT LAMINATING POUCHES, COLOR COPY PAPER $18.79 $203.18 Transaction Date 8/6/2015 Wells Fargo 10100 Total $234.73 Refer 33 ORONO, CITY OF Cash Payment E 101 -41600 -450 Board of Prisoners HENNEP CTY JAIL CHARGES- PER DIEM $277.60 FEES 2015 Invoice 20140441 7/23/2015 Transaction Date 2/16/2015 Wells Fargo 10100 Total $277.60 Refer 34 REPUBLIC SERVICES�� -�� Cash Payment E 222-42260-384 Refuse /Garbage Dispos AUG 2015 GARBAGE SVC $160.11 Invoice 0894 - 003871653 7/25/2015 -1995- • l M Payments Current Period: August 2015 08/06115 8:25 AM Page 7 Cash Payment E 101 - 41930 -384 Refuse /Garbage Dispos AUG 2015 GARBAGE SVC $160.12 Invoice 0894- 003871653 7/25/2015 Cash Payment E 602 - 49450 -384 Refuse /Garbage Dispos AUG 2015 GARBAGE SVC $244.29 Invoice 0894- 003871655 7/25/2015 Project 15 -3 Cash Payment E 101- 41910 -384 Refuse /Garbage Dispos AUG 2015 GARBAGE SVC $166.80 Invoice 0894 - 003869442 7/25/2015 Cash Payment E 101 -45200 -384 Refuse /Garbage Dispos AUG 2015 GARBAGE SVC $502.95 Invoice 0894 - 003869684 7/25/2015 Cash Payment E 670 -49500 -440 Other Contractual Servic JULY 2015 CITY -WIDE RECYCLING SVC $12,991.77 Invoice 0894 - 003871653 7/25/2015 Cash Payment E 67049500 -440 Other Contractual Servic CREDIT SURFSIDE PILOT RECYCLING - $43.56 Invoice 0894 - 003871653 7/25/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $14182.48 Refer 31 SCHARBER AND SONS OF LONG L _ Cash Payment E 101-45200- 220Repair /Mamt Supply BELT -V- PARKS $43.95 Invoice P32427 Cash Payment 6/23/2015 E 222 -42260 -409 Other Equipment Repair GEN MTCE PARTS- SMALL EQUIPMENT- $24.54 FIRE DEPT Invoice P33978 7/23/2015 Transaction Datew 8/21/2014 Wells Fargo 10100 Total m $68.49 Refer 2 SHADOW PLASTICS, INCORPORA _ Cash Payment — E 101- 45200 -33 84 Refuse /Garbage Dispos 2100 CLEAR VENTED LINERS- PARKS $2,317.39 Invoice 81949 7115/2015 Transaction Date 7115/2015 �.. Wells Fargo ,.w 10100 Total $2,317.39 Refer 35 SHI INTERNATIONAL CORPORATI _ _. E 602 Computer Hardware /Soft ACROBAT PROFESSIONAL- SOFTWARE- E. $318.00 Cash Payment -49450 -205 HOVERSTEN Invoice 803758417 7/27/2015 Project 15 -4 Transaction Date 8/5/2015 Wells Fargo 10100 Total $318.00 Refer 36 SOLDO CONSULTING, P.C. _ Cash Payment E 101-49999-300 Professional Srvs EMPLOYEE RELATIONS CONSULTING SVCS $8,964.00 3 -30 -15 THRU 6 -21 -15 Invoice 01 719/2015 Transaction Date 8/5/2015 Wells Fargo 10100mm Total $8,964.00 Refer 37 SUN PATRIOT NEWSPAPER -CITY _ Cash Payment E 350- 47000 -620 Fiscal Agent s Fees LEGAL FIN NCEE 2006 HRA BONDS- $53.97 TRSFR TRANSRT Invoice 238904 7/18/2015 Cash Payment G 101 -23334 PC 15 -14 2642 COMMERCE 2642 $42 41 COMMERCE GEIIX O BOATS- USE PERMIT APP- 7 -25 -15 Invoice 240902 7/25/2015 - -- - — Transaction Date 81612015 Wells Fargo 10100 Total $9638 Refer 39 SWEEPER SERVICES Cash Payment E 101 -43100 -440 Other Contractual Servic REPAIR STREET SWEEPER -17 $266.99 BEAR GEARS & LUBE Invoice 15160 7/5/2015 -1996- MMWeis NII.3 Payments Current Period: August 2015 08106/15 8:25 AM Page 8 Invoice 7929 7/2/2015 Transaction Date 8/6/2015 Wells Fargo 10100 Total $154.00 Refer 6 ULINE Cash Payment E 222-42260-219 Safety supplies GAUZE PADS, EARPLUGS- FIRE DEPT $75.49 Invoice 69167084 7/20/2015 PO 24442 Cash Payment E 285 - 46388 -210 Operating Supplies TOILET TISSUE, MULTI -FOLD TOWELS, ANTI $409.04 BACT SOAP REFILL- PARKING DECK Invoice 69415779 7129/2015 Transaction Date 8/612015 Wells Fargo 10100 Total ��.. P_... m-.- ..--- .«- .- ..�...a.._a....... $484.53 -. Refer 41 WIDMER CONSTRUCTION, LLC „...... Cash Payment E 601- 49400 -440 Other Contractual Servic INSTALL NEW CURBSTOP @ 6142 $1,656.00 EVERGREEN 6 -22 -15 Invoice 3983 7/7/2015 Transaction Date 8/6/2015 Wells Fargo 10100 Total $1,656.00 Refer � 42 XCEL ENERGY Cash Payment E 602- 49450 -381 Electric Utilities ELECTRIC SVC 6 -27 -15 THRU 7 -27 -15 $74.73 CARLOW RD LIFT STATION Invoice 465846140 7/29/2015 Cash Payment E 101 -43100 -381 Electric Utilities SHORELINE - COMMERCE STREET LIGHTS 6- $43.40 24 -15 THRU 7 -26 -15 Invoice 465620928 7/27/2015 Transaction Date 3/17/2015 Wells Fargo 10100 Total $118.13 Fund Summary 10100 Wells Fargo 101 GENERAL FUND $62,556.55 222 AREA FIRE SERVICES $1,069.38 281 COMMONS DOCKS FUND $847.41 285 MOUND HRA $409.04 350 MOUND TRANSIT CTR SERIES 2006 $53.97 601 WATER FUND $5,955.10 602 SEWER FUND $66,149.67 609 MUNICIPAL LIQUOR FUND $624.07 670 RECYCLING FUND $12,948.21 675 STORM WATER UTILITY FUND $795.00 $151,408.40 Pre - Written Check $0.00 Checks to be Generated by the Computer $151,408.40 Total $151,408.40 -1997- Batch Name 081115CITY2 Payments Refer Cash Payment CITY OF MOUND 08/06/1511:55 AM Page 1 Payments Current Period: August 2015 User Dollar Amt Computer Dollar Amt $930.47 $930.47 $0.00 In Balance 5 BERRY COFFEE COMPANY _ E 101- 41930 -440 Other Contractual Servic CITY HALL COFFEE MAKER LEASE 3 MOS- AUG, SEPT, OCT Invoice RENT26333 Transaction Date 8/1/2015 8/6/2015 Refer 6 CARQUEST OF NAVARRE (PA4v) $45.00 Wells Fargo 10100 Total $45.00 Cash Payment E 101- 45200 -400 Repairs & Maintenance BACKRACK SIDERAILS 2015 F150 -PARKS $343.90 Invoice 6974 - 251642 6/25/2015 Invoice 125680 6/5/2015 Transaction Date 8/6/2015 Wells Fargo 10100 Total µ $343.90 Refer 7 CENTRAL MCGOWAN, INCORPOR _ 6/23/2015 Cash Payment E 602- 49450 -210 Operating Supplies HIGH PRESSURE CYLINDER RENTAL $17.36 Invoice 00046124 7/31/2015 Project 15 -3 Transaction Date 8/6/2015 Wells Fargo 10100 Total $17.36 KIVISTO, SCOTT -Refer Cash Payment E 602 -49450 -434 Conference & Training REIMB FUEL MN WASTEWATER OPERATOR $25.00 ASSOC CONF- GRAND RAPIDS 7 -31 -15 S. KIVISTO Invoice 081115 8/6/2015 Cash Payment E 602 -49450 -434 Conference & Training REIMB MEAL MN WASTEWATER OPERATOR $10.11 ASSOC CONF- GRAND RAPIDS 7 -28 THRU 7- 31-15 S. KIVISTO Invoice 081115 8/612015 Transaction Date 8/6/2015 . �. �,. �.. �.. ,.. m,.,. �,. e.., �a�, �.<. �.. Wells Fargo 10100 Total �„»..„, ..»,.,. �,..,,, �..,.... x�. �,., �.,. �.....,, a.., �.,..,., �. „.�...,..,....,,.,_,..�..,..4. $35.11 Referm,.,�w,,,�,�,...,.,.�.� �.. 8 MCFOA Cash Payment E 101- 41500433 Dues and Subscriptions 2015 MUNICIPAL CLERKS & FINANCE $35.00 OFFICERS MEMBERSHIP DUES- C. PAUSCHE Invoice 081115 8/6/2015 Transaction Date 8/6/2015 Wells Fargo 10100 Total $35.00 Refer ....�...a.a,,..,....,.,�,,..1 TRUE VALUE HWSm,�xiAA�.K..w�W,�� Cash Payment E 609 - 49750 -210 Operating Supplies GAL NATURAL CLEANER- HWS $24.99 Invoice 126841 7/14/2015 Cash Payment E 609 - 49750 -210 Operating Supplies LGTD WHT /SLV CHIMBUTTON $6.24 Invoice 127324 7/30/2015 Transaction Date 8/612015 Wells Fargo 10100 Total $31.23 Refer 3 TRUE VALUE, MOUND (PW PKS) Cash Payment E 602- 49450 -210 Operating Supplies Invoice 125614 6/3/2015 Cash Payment E 101- 45200 -210 Operating Supplies Invoice 125680 6/5/2015 Cash Payment E 602- 49450 -210 Operating Supplies Invoice 125756 6/8/2015 Cash Payment E 101 - 45200 -210 Operating Supplies Invoice 126209 6/23/2015 HOOKS, HANGING STRIPS, STRAP $17.34 8 PK D BATTERIES, EXT MOUNTING TAPE $20.23 GALLON ROUNDUP $11.99 2” POLY FOAM BRUSH $0.71 CITY OF MOUND Payments 08/06/15 11:55 AM Page 2 Current Period: August 2015 F.,3waaiz'W Cash Payment E 602 -49450 -220 Repair /Maint Supply RETURN CREDIT ADJ AUDIO DUBB CABLE- -$0.90 RE- PURCHASE T BLK COAX CABLE Invoice 126224 6/23/2015 Cash Payment E 285 - 46388 -220 Repair /Maint Supply Invoice 126231 6/23/2015 Cash Payment E 101 -45200 -210 Operating Supplies Invoice 126209 6/23/2015 Cash Payment E 101- 45200 -220 Repair /Maint Supply Invoice 126335 6/26/2015 Cash Payment E 101- 45200 -210 Operating Supplies Invoice 126435 Transaction Date Refer 6/30/2015 8/6/2015 4 TRUE VALUE, MOUND (PW PK_S) Cash Payment E 601 - 49400 -210 Operating Supplies Invoice 126454 711/2015 Cash Payment E 101- 45200 -210 Operating Supplies Invoice 126459 7/112015 Cash Payment E 101- 45200 -220 Repair /Maint Supply Invoice 126479 7/1/2015 Cash Payment E 101 -45200 -210 Operating Supplies Invoice 126491 7/1/2015 Cash Payment E 101- 45200 -210 Operating Supplies Invoice 126596 7/6/2015 Cash Payment E 101- 45200 -210 Operating Supplies Invoice 126627 717/2015 Cash Payment E 101 -45200 -210 Operating Supplies Invoice 126719 7/10/2015 Cash Payment G 101 -22802 Festival Invoice 126793 7/13/2015 Cash Payment E 101- 41500 -322 Postage Invoice 127031 7/20/2015 Cash Payment G 101 -22802 Festival Invoice 126938 7/17/2015 Transaction Date 8/6/2015 WEDGE DOORSTOPS, FURNACE FILTERS- $16.34 PARKING DECK 2" POLY FOAM BRUSH $0.71 20 PK STL FABRIC PINS $4.48 12 PREPLEAT FILTERS, WIRE TIES, 8 KEYS, $121.09 4LB BLOOM BOOSTER Wells Fargo 10100 Total $191.99 MASKING TAPE $8.09 4" PAINT ROLLER COVERS, TRAY $6.55 DEADBOLT, 3/8 SOCKET ADAPTER -PARKS $65.67 4" COVER FRAME- PARKS $4.76 DEODORIZER, ABSORBENT GEL, 6 KEYS $64.07 BIT, SCREWS, NUTS, BOLTS- PARKS $10.47 SCREWS, NUTS, BOLTS- PARKS $8.50 100' WHITE NYLON ROPE- SPIRIT OF THE $25.18 LAKES FESTIVAL OVERNIGHT SHIPPING TO MN ALCOHOL & $21.25 GAMBLING - BUYERS CARD APPS- DAKOTA JUNCTION & CATTAILS 1 QT PLASTIC PAINT PAIL, PINE SOL $16.34 CLEANER- SPIRIT OF THE LAKES Wells Fargo 10100 Total $230.88 -1999- CITY OF MOUND Payments Current Period: August 2015 Fund Summary 10100 Wells Fargo 101 GENERAL FUND $793.91 285 MOUND HRA $16.34 601 WATER FUND $8.09 602 SEWER FUND $80.90 609 MUNICIPAL LIQUOR FUND $31.23 $930.47 Pre - Written Check $0.00 Checks to be Generated by the Computer $930.47 Total $930.47 IMe 08/06/15 11:55 AM Page 3 CITY OF MOUND Payments Current Period: August 2015 08/06/15 8:23 AM Page 1 1;a: ,.1.11WI Batch Name 081115HWS User Dollar Amt $71,485.28 Payments Computer Dollar Amt $71,485.28 $0.00 In Balance Refer 1 ARCTIC GLACIER PREMIUM ICE _ Cash Payment E 609 - 49750 -255 Misc Merchandise For R ICE Invoice 379520603 7125/2015 Cash Payment E 609 - 49750 -265 Freight FREIGHT Invoice 379520603 7/25/2015 Invoice 3045722 Cash Payment E 609 - 49750 -255 Misc Merchandise For R ICE Invoice 379521205 7/31/2015 E 609 -49750 -252 Beer For Resale Cash Payment E 609 - 49750 -265 Freight FREIGHT Invoice 379521205 7/3112015 Cash Payment E 609- 49750 -255 Misc Merchandise For R ICE Invoice 460520506 7/2412015 Invoice 319588 Cash Payment E 609 - 49750 -255 Misc Merchandise For R ICE Invoice 459520811 7/27/2015 E 609 - 49750 -252 Beer For Resale Cash Payment E 609 - 49750 -255 Misc Merchandise For R ICE Invoice 385521308 8/1/2015 Transaction Date 8/5/2015 Due 12/31/2014 Wells Fargo Refer*.�,.�,., „�.„,.,...,. 2 ARTISAN BEER COMPANY- _.,.m.,W�. Invoice 319048 Cash Payment E 609 - 49750 -252 Beer For Resale BEER credit Invoice 317546 6/22/2015 Cash Payment E 609 - 49750 -252 Beer For Resale BEER Invoice 3045722 7/30/2015 Cash Payment E 609 -49750 -252 Beer For Resale BEER credit Invoice 319590 7/17/2015 Cash Payment E 609 - 49750 -252 Beer For Resale BEER credit Invoice 319588 7/17/2015 Cash Payment E 609 - 49750 -252 Beer For Resale BEER credit Invoice 319589 7/17/2015 Cash Payment E 609- 49750 -252 Beer For Resale BEER credit Invoice 319048 7/10/2015 Transaction Date 8/5/2015 �,..,. Wells Fargo -. »....,...,.,_,� Refer 3 BELLBOY CORPORATION .- Cash Payment E 609- 49750 -210 Operating Supplies SUPPLIES, BAGS Invoice 92414500 7/24/2015 Cash Payment E 609 - 49750 -254 Soft Drinks /Mix For Resa MIX Invoice 92417900 7/27/2015 Cash Payment E 609 - 49750 -255 Misc Merchandise For R MDSE FOR RESALE Invoice 92417900 7/27/2015 Cash Payment E 609 - 49750 -210 Operating Supplies SUPPLIES, BAGS Invoice 92452400 7/31/2015 Cash Payment E 609- 49750 -254 Soft Drinks /Mix For Resa MIX Invoice 92452400 7131/2015 Transaction Date 8/5/2015 M,.. Wells Fargo ...„�,......,.,.�.�,�,..,,ae.., Refer µ 4 BELLBOY CORPORATION Cash Payment E 609 - 49750 -265 Freight FREIGHT Invoice 49427600 7/31/2015 -2001 $143.73 $1.00 $93.08 $1.00 $103.09 $60.36 $224.26 10100 Total $626.52 -$6.12 $784.50 - $22.58 -$4.00 -$3.57 - $48.00 10100 Total $700.23 10100 $89.12 $63.30 $112.50 $33.30 $22.00 Total $320.22 $10.20 CON OF MOUND 08/06/158:23 AM Page 2 Payments Current Period: August 2015 I:., ,,,3 ,a,>1:,lus.L'kt , a'tu'Ykw Cash Payment E 609 -49750 -251 Liquor For Resale LIQUOR $389.00 Invoice 49427600 7/31/2015 7 COCA COLA BOTTLING - MIDWEST Cash Payment Cash Payment E 609 - 49750 -265 Freight FREIGHT $10.20 Invoice 49324300 7/31/2015 Invoice 0198054408 7/28/2015 Cash Payment Cash Payment E 609 - 49750 -251 Liquor For Resale LIQUOR $739.50 Invoice 49324300 7/31/2015 Cash Payment Cash Payment E 609 - 49750 -251 Liquor For Resale LIQUOR $8,141.09 Invoice 49340700 7/27/2015 Cash Payment Cash Payment E 609 - 49750 -251 Liquor For Resale LIQUOR CREDIT - $32.55 Invoice 48908600 -2 6/26/2015 Transaction Date Transaction Date 8/5/2015 Wells Fargo 10100 Total �.. .e......,. �.,...,.,,»,. �..,e... �am .............e. q.....,.,..-., �,. �.. �. a......,.. m.. �. �. ....�.....,..,,,..,,....,�..._. $9,257.44 Refer 5 BERNICKS BEVERAGES AND VEN�.,,,. -,. Cash Payment Cash Payment E 609- 49750 -254 Soft Drinks /Mix For Resa MIX $130.00 Invoice 235683 7/29/2015 Transaction Date 8/5/2015 Cash Payment E 609 -49750 -252 Beer For Resale BEER $880.50 Invoice 235684 7/29/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $1,010.50 ,..,.e,,.v..�,...,.ae.6 BLUE SKY MEDIA _Refer Cash Payment E 609- 49750 -340 Advertising 1/4 PAGE AD WEST LAKE BUSINESS AUG $160.00 2015 Invoice 16760 7/26/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Refer 7 COCA COLA BOTTLING - MIDWEST Cash Payment E 609 - 49750 -254 Soft Drinks /Mix For Resa COCA COLA PRODUCTS- MIX Invoice 0198054409 7/28/2015 Cash Payment E 609 -49750 -254 Soft Drinks /Mix For Resa CREDIT COCA COLA PRODUCTS Invoice 0198054408 7/28/2015 Cash Payment E 609- 49750 -254 Soft Drinks /Mix For Resa COCA COLA PRODUCTS- MIX Invoice 0198054910 8/4/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Refer 8 DAHLHEIMER BEVERAGE LLC Cash Payment E 609- 49750 -252 Beer For Resale BEER Invoice 1166828 7/29/2015 Transaction Date 8/5/2015 Wells Fargo Refer9 DAY DISTRIBUTING COMPANY��_ Cash Payment —E609-49-750-252 Beer For Resale BEER Invoice 813137 7/29/2015 Cash Payment E 609 -49750 -252 Beer For Resale BEER Invoice 814192 8/4/2015 Cash Payment E 609- 49750 -255 Misc Merchandise For R GLASSWEAR Invoice 813138 7/29/2015 Transaction Date 8/5/2015 Wells Fargo ..»:.,..,�,.,..�..,..>u...,. Refer 10 EXTREME BEVERAGE. -,. Cash Payment E 60949750 -254 Soft Drinks /Mix For Resa MIX Invoice 1235666 7/30/2015 Transaction Date 8/5/2015 Wells Fargo Refer _11 GRAPE BEGINNINGS, INCORPORA -2002- 10100 10100 10100 Total $160.00 $118.16 - $364.56 $261.00 Total $14.60 $586.00 Total $586.00 $2,971.05 $4,013.20 $60.00 Total $7,044.25 $285.20 Total $285.20 CITY OF MOUND 08/06/15 8:23 AM Page 3 Payments Current Period: August 2015 U, ., ,w tY43.:v.vkw'v"SVh'uu' w \,•"[,!ax; 4w'!si'wit i+''"r'�1`1,C`,i�ti Yili`, 'it+iL" 'uR �,."- 'ai�z, li? is d`,'^;! `"{' ''w' ?u Cash Payment E 609 - 49750 -253 Wine For Resale WINE $436,00 Invoice 185046 7/29/2015 Cash Payment E 609 - 49750 -265 Freight FREIGHT $4.50 Invoice 185046 7/29/2015 Cash Payment E 609 - 49750 -253 Wine For Resale WINE $120.00 Invoice 184696 7/22/2015 Cash Payment E 609 -49750 -265 Freight FREIGHT $2.25 Invoice 184696 7/22/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $562.75 Refer 12 HOHENSTEINS, INCORPORATED Cash Payment E 609 - 49750 -252 Beer For Resale BEER $795.60 Invoice 774509 712312015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $795.60 1311 TAYLOR. DISTRIBUTING MINN _Refer~ Cash Payment E 609 - 49750 -252 Beer For Resale BEER $2,657.95 Invoice 2400211 8/4/2015 Cash Payment E 609 - 49750 -252 Beer For Resale BEER $13.60 Invoice 2400212 8/4/2015 Transaction Date 8/5/2015 Wells Fargo . 10100 Total wm. ��».,,..».».. n.,.,., m�. .,.�.,�..._.�., „e.,..�.....�.. $2,671.55 Refer = 14,1-J TAYLOR. DISTRIBUTING MINN�a _ Cash Payment E 609 - 49750 -252 Beer For Resale BEER $4,871.88 Invoice 2387966 7/28/2015 Cash Payment E 609 -49750 -252 Beer For Resale BEER $52.95 Invoice 2387976 7/28/2015 Cash Payment E 609 - 49750 -252 Beer For Resale BEER $13.60 Invoice 2387967 7/28/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $4,938.43 Refer JOHNSON BROTHERS LIQUOR Cash Payment E 609 - 49750 -254 Soft Drinks /Mix For Resa MIX $52.50 Invoice 5222127 7/29/2015 Cash Payment E 609 - 49750 -252 Beer For Resale BEER $21.99 Invoice 5222126 7/29/2015 Cash Payment E 609- 49750 -253 Wine For Resale WINE $3,329.90 Invoice 5222125 7/29/2015 Cash Payment E 609 - 49750 -251 Liquor For Resale LIQUOR $7,834.12 Invoice 5222124 7/29/2015 Cash Payment E 609- 49750 -253 Wine For Resale WINE CREDIT - $32.00 Invoice 533903 7/10/2015 Transaction Date 8/5/2015 Wells Fargo .... .........�.....,_., 10100 Total „,,,.r,_ =�� $11,206.51 Refer, 16 MINNEHAHA BUILDING MAI NTENA�,.,_„ Cash Payment E 609 - 49750 -440 Other Contractual Servic WASH WINDOWS INSIDE & OUT 6 -29 -15 $65.19 Invoice 928041763 7/19/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $65.19 Refer ._,... �., .. ....,..17 MOUND, CITYOr Cash Payment E 609 -49750 -382 Water Utilities WATER SERVICE 6 -1 -15 THRU 7 -1 -15 HWS $52.27 Invoice 081115 -2 7/20/2015 Transaction Date 8/5/2015 Wells Fa_ 10100. Total $52.27 CITY OF MOUND 08/06/158:23 AM Page 4 Payments Current Period: August 2015 Refer 18 NEW FRANCE WINE COMPANY _ Cash Payment E 609 - 49750 -253 Wine For Resale WINE $160.00 Invoice 101915 7/27/2015 Cash Payment E 609 - 49750 -265 Freight FREIGHT $1.50 Invoice 101915 7/27/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $161.50 Refer 19 PAUST_IS AND SONS WINE COMPA _ Cash Payment E 609 - 49750 -253 Wine For Resale WINE $927,00 Invoice 8508288 7/23/2015 Cash Payment E 609 - 49750 -265 Freight FREIGHT $16.25 Invoice 8508288 7/23/2015 Cash Payment E 609- 49750 -253 Wine For Resale WINE $563.15 Invoice 8508623 7/2712015 Cash Payment E 609 - 49750 -265 Freight FREIGHT $10.00 Invoice 8508623 7/27/2015 Transaction Date 8/5/2015 ..�� Wells Fargo 10100 Total $1,516.40 Refer 20 PHILLIPS WINE AND SPIRITS, INC�� »�� Cash Payment E 609 - 49750 -251 Liquor For Resale LIQUOR $782.10 Invoice 2827478 7/29/2015 Cash Payment E 609 - 49750 -253 Wine For Resale WINE $830.45 Invoice 2827479 7/29/2015 Cash Payment E 609 - 49750 -254 Soft Drinks /Mix For Resa MIX $41.95 Invoice 2827480 7/29 /2015 Cash Payment E 609 - 49750 -253 Wine For Resale WINE $56.00 Invoice 2827480 7/29/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $1,710.50 Refer 21 SAPSUCKER FARMS LLC Cash Payment E 609 - 49750 -252 Beer For Resale BEER $127.20 Invoice 525 7/30/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $127.20 Refer 22 SHANKEN COMMUNICATIONS, IN Cash Payment E 609- 49750 -255 Misc Merchandise For R WINE SPECTATOR PUBLICATIONS 7 -31 -15 $15.00 EDITION Invoice SO468056 6/3012015 Transaction Date 8/512015 Wells Fargo 10100 Total $15.00 Refer 23 SIMPLE GRACE PROMOTIONS, IN_��m�� Cash Payment E 609 - 49750 -340 Advertising PROMOTIONAL ITEMS -HWS -RED & WHITE $980.70 LOGO BOBBERS -QTY 500 Invoice 1200 7/31/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $98010 Refer 24 SOUTHERN WINE & SPIRITS OF M_� Cash Payment E 609- 49750 -253 Wine For Resale WINE $1,704.81 Invoice 1311322 7/30/2015 Cash Payment E 609 - 49750 -251 Liquor For Resale LIQUOR $1,439.07 Invoice 1311323 7/30/2015 Transaction Date 815/2015 �,m Wells Fargo �.. 10100 Total $3,143.88 Refer 25THORPEDISTRIBUTINGCOMPAN _ _2004_ -�� CITY OF MOUND 08/06/158:23 AM Page 5 Payments Current Period: August 2015 Refer 30 WIRTZ BEVERAGE MN BEER Cash Payment E 609- 49750 -252 Beer For Resale BEER $5,575.00 Invoice 1090442846 7/29/2015 Cash Payment E 609 - 49750 -252 Beer For Resale BEER $408.52 Invoice 1090442848 7/29/2015 Cash Payment E 609 -49750 -252 Beer For Resale BEER $324.00 Invoice 1090442847 7/29/2015 -2005- Cash Payment E 609- 49750 -252 Beer For Resale BEER $1,739.35 Invoice 910602 8/4/2015 Cash Payment E 609- 49750 -252 Beer For Resale BEER $68.60 Invoice 910603 8/4/2015 Cash Payment E 609- 49750 -252 Beer For Resale BEER $238.00 Invoice 910006 7/31/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $2,045.95 Refer �26- THORPE DISTRIBUTING COMPAN Cash Payment E 609 - 49750 -252 Beer For Resale BEER $6,692.49 Invoice 908976 7/28/2015 Cash Payment E 609 - 49750 -252 Beer For Resale BEER $92.30 Invoice 908975 7/2812015 Cash Payment E 609- 49750 -252 Beer For Resale BEER $2,693.40 Invoice 909324 7/28/2015 Cash Payment E 609 -49750 -252 Beer For Resale BEER $317.10 Invoice 909134 7/28/2015 Transaction Date 8/5/2015 Wells Fargo �.> �, 10100 Total �,. �w,. �.,.,.,. �..,. w�.,,».. � ..,na..,.,.- .<,��,.,�,..�.�,�� $9,795.29 Refer 27^VINOCOPIA, INCORPORATED��- Cash Payment E 609 - 49750 -251 Liquor For Resale LIQUOR $135.00 Invoice 0129759 7130/2015 Cash Payment E 609- 49750 -265 Freight FREIGHT $2.50 Invoice 0129759 7/30/2015 Cash Payment E 609 - 49750 -251 Liquor For Resale LIQUOR $88517 Invoice 0129758 7/30/2015 Cash Payment E 609- 49750 -265 Freight FREIGHT $12.00 Invoice 0129758 7/3012015 Cash Payment E 609 -49750 -253 Wine For Resale WINE $352.00 Invoice 0129322 7/23/2015 Cash Payment E 609 - 49750 -265 Freight FREIGHT $7.50 Invoice 0129322 7/23/2015 Transaction Date 8/512015 ...-..,..,. a., 4..,-... w, ..., �.....,,...,. Wells Fargo x,., w,. M....... w.,.,,. ua,....,..,. 10100 Total �..,.,,.,...,.....a.,.,...,. ,.,.._�.,..�.....,�,�,n„�,_... $1,394.17 Refer ._M.......- ,„M�...,,...28 WINE COMPANY Cash Payment E 609 - 49750 -253 Wine For Resale WINE $638.00 Invoice 399312 7/23/2015 Cash Payment E 609 - 49750 -265 Freight FREIGHT $14.85 Invoice 399312 7/23/2015 Transaction Date 8/512015 Wells Fargo 10100 Total $652.85 Refer 29 WINE MERCHANTS Cash Payment E 609 - 49750 -253 Wine For Resale WINE $801.50 Invoice 7040634 7/29 /2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $801.50 Refer 30 WIRTZ BEVERAGE MN BEER Cash Payment E 609- 49750 -252 Beer For Resale BEER $5,575.00 Invoice 1090442846 7/29/2015 Cash Payment E 609 - 49750 -252 Beer For Resale BEER $408.52 Invoice 1090442848 7/29/2015 Cash Payment E 609 -49750 -252 Beer For Resale BEER $324.00 Invoice 1090442847 7/29/2015 -2005- CITY OF MOUND 08/06/158:23 AM Page 6 Payments Current Period: August 2015 <'.r . ,..,5,'..u\ ,1V , s,... a" hv. uar;„ ou: lTSU:'` mk 'uWUZaasT.Ne"sWk':CiiWi4llWn4it tu�A. r i°u"v'?a5 WW:'.." ,isW SWW 1�mY. Transaction Date 8/5/2015 Wells Fargo 10100 Total $6,307.52 Refer WIRTZ BEVERAGE MN WINE SPIRT Cash Payment E 609 -49750 -253 Wine For Resale WINE $260.00 Invoice 1080354287 7130/2015 Cash Payment E 609 -49750 -251 Liquor For Resale LIQUOR $2,275.56 Invoice 1080354286 7/30/2015 Transaction Date 8/5/2015 Wells Fargo 10100 Total $2,535.56 Fund Summary 10100 Wells Fargo 609 MUNICIPAL LIQUOR FUND $71,485.28 $71,485.28 Pre - Written Check $0.00 Checks to be Generated by the Computer $71,485.28 Total $71,485.28 -2006- MOUND CITY COUNCIL MINUTES July 28, 2015 The City Council of the City of Mound, Hennepin County, Minnesota, met in regular session on Tuesday, July 28, 2015, at 7:00 p.m. in the council chambers of the Centennial Building. Members present: Mayor Mark Wegscheid, Council Members Heidi Gesch, Ray Salazar, Kelli Gillispie, and Jennifer Peterson Members absent: None. Others present: City Manager Kandis Hanson, Director of Public Works Eric Hoversten, Director of Community Development Sarah Smith, City Planner Rita Trapp (HKGI), Director of Finance /Administration Catherine Pausche, Stacie Kvilvang, Administrative Assistant Mary Mackres, Katie Morford, Andy Johnson, Dave Roelofs, Becky Glister, Ruth Bauer, Karen Carlson, Tom Wiblishauser, Elena Zhuk, Roman Zhuk, Brian & Tracy Gibbens, Jim Brand, Troy Koopman Consent agenda: All items listed under the Consent Agenda are considered to be routine in nature by the Council. There will be no separate discussion on these items unless a Council Member or citizen so requests, in which event it will be removed from the Consent Agenda and considered in normal sequence. 1. Open meeting Mayor Wegscheid called the meeting to order at 7:00 p.m. 2. Pledge of Allegiance 3. Approve agenda Hanson asked to pull consent agenda item 4C(2.) and agenda item 6. MOTION by Salazar, seconded by Gesch, to approve agenda as amended. All voted in favor. Motion carried. 4. Consent agenda MOTION by Salazar, seconded by Gesch, to approve the consent agenda as amended. Upon roll call vote, all voted in favor. Motion carried. A. Approve payment of claims in the amount of $320,875.30 B. Approve minutes: July 14, 2015 regular meeting C. Set Special Meetings 1. Workshop for the purpose of discussing water pressure on the Island as it relates to fire suppression and certain homes: Sept. 15, 2015, 7:00 p.m. 2. Pulled. D. RESOLUTION NO. 15 -78: RESOLUTION AUTHORIZING AMENDMENT TO RESIDENTIAL RECYCLING GRANT AGREEMENT WITH HENNEPIN COUNTY (A120125) E. RESOLUTION NO. 15 -79: RESOLUTION APPROVING FIRST AMENDMENT TO THE LIMITED USE AGREEMENT FOR PUBLIC LANDS PERMIT FOR PHASE 2 IMPROVEMENTS IN THE HARBOR DISTRICT BETWEEN THE CITY OF MOUND, MOUND HRA AND MOUND WESTnNVA ROTARY CLUB -2007- Mound City Council Minutes —July 28, 2015 F. RESOLUTION NO. 15 -80: RESOLUTION DENYING VACATION OF NORTH 112 OF UNIMPROVED PORTION OF GALWAY LANE (PLANNING CASE NO. 15 -09) G. RESOLUTION NO. 15 -81: RESOLUTION DENYING VARIANCE FOR 4730 GALWAY ROAD (PLANNING CASE NO._15 -10) H. RESOLUTION NO. 15 -82: RESOLUTION APPROVING VARIANCE FOR 4414 DORCHESTER ROAD (PLANNING CASE NO. 15 -15) 5. Comments and sunestions from citizens present on any item not on the agenda. Elena Zhuk, 4825 Hanover Road, stated she has questions on dock sharing. Zhuk stated she has lived in Mound for 10 years and has a business here. Zhuk stated she has a neighbor who is willing to share their dock with Zhuk and wonders why she has to wait almost two years to be able to share their neighbor's dock. Catherine Pausche, Director of Finance and Administration, addressed the Council and said the code is written expressly that someone must be on the wait list before they are able to share a dock site. Pausche explained that some people have to wait for over 5 years to get on a dock site and believes the code was written to stop people from bypassing the wait list altogether. Mayor Wegscheid suggested that Ms. Zhuk should go to the Docks Commission meeting to discuss her concerns. Pausche informed Zhuk that the next Dock Commission meeting is set for Sept. 19th at 7:00pm. I 7. Public Hearing Stacie Kvilvang, Senior Municipal Advisor /Director, Ehlers, Inc., requesting discussion/ action on property tax abatement to facilitate the acquisition and refinancing of the Mound Transit Facility and refunding of the HRA Limited Tax Pledge Bonds (Mound Transit Center), Series 2006, in order to achieve interest savings. Kvilvang stated the Council previously approved refinancing the transit center bonds in order to produce significant interest savings. The new bonds will be General Obligation Tax Abatement Bonds which require two actions by law: 1. to hold public hearing on this issue; 2. to list the parcels that the City would abate taxes from as a form of collateral as these parcels would then not be allowed in a TIF district as long as the bonds are outstanding. Kvilvang stated there is no real impact as the taxes from the twelve properties listed for abatement will still fund the general levy and the debt service will continue to be paid 100% from the HRA special tax levy. MOTION by Salazar, seconded by Gillispie, to approve resolution. All voted in favor. Motion carried. RESOLUTION NO. 15 -83: RESOLUTION APPROVING PROPERTY TAX ABATEMENTS 11: Mound City Council Minutes — July 28, 2015 8, Planning Commission Recommendation Rita Trapp, consulting Community Planner is requesting discussion /action on Planning Case No. 15 -13 a variance application for house remodel /addition at 1729 Dove Lane. The Applicant: Mike Mann of Lecy Bros, on behalf of owner Trapp explained the lot is 20,000 square feet which lies south of Three Points Boulevard at the end of Dove Lane and has a detached non- conforming garage located on the rear property line. The front of the house has a 24 feet setback and is 90 feet from the shoreline. Orientation of the lot is a bit different than a traditional lot as the house is oriented toward Lake Minnetonka instead of Dove Lane. The owner would like to build a new garage which would be 20 by 24 feet and is larger than the existing garage on the property. The applicant would like to add a mud room and dinette between the existing house and the proposed garage. Staff does not think the addition is unreasonable but is concerned about the setback to the neighboring rear property line. The Planning Commission recommended denial of the variance due to the setback issues. The staff recommends a six foot side setback so the build out isn't so close to the neighboring property. The Mayor asked if anyone in the audience would like to give input. Troy Koopman, 1732 Canary, said he is the neighbor whose property is adjacent to the applicant and that he favors the staff recommendation of the 6 foot side setback. Karen Carlson, 1712 Canary, said her property abutts the applicant's property and that she would like the 15 foot setback in the City Code to be maintained as she stated there is ample room on the lot for an addition. Jim Brand, 1724 Canary, said his property abutts the applicant's property to the west. He stated he recently built an addition to his house with views of lake. He is in favor of building improvements but doesn't want the setbacks to be amended and believes the lot is large enough with plenty of land to work with to put the garage in different place on the lot. Brand stated he elected to remain in Mound instead of moving because it is a great neighborhood, but that he believes a precedent will be set and the neighborhood negatively affected if the Council allows this variance. Brian Gibbens, 1709 Dove, asked a question regarding the recommendations of City planning staff. Staff recommended a six foot variance which the Planning Commission denied. Gibbens believes a six foot setback is reasonable. Andy Johnson, Lake Minnetonka Remodeling, addressed the Council. Johnson stated the homeowner is trying to beautify the neighborhood, create more interior space including a dining area and wants an attached garage. Salazar asked if a complete razing of the property and a new home was considered. Johnson stated that the homeowner said that is not an option. Peterson asked Johnson what affect the design changes would have on the height of the buildings. Johnson stated he estimated the garage roof and addition would be approximately 15 or 16 feet and the current height is about nine to ten feet. Peterson stated that the Planning Commission had difficulty finding hardship in not allowing the variance to setbacks. -2009- Mound City Council Minutes — July 28, 2015 Salazar stated he is leaning in the direction the Planning Commission took and finds the setback issue didn't meet the practical difficulty test. Wegscheid commented that there seems to be split among the neighbors and would look to the City Code for guidance. The plans move the structures further from the property line than the current buildings. Wegscheid stated he was okay with the staff recommendation of the six feet setback though he supports the Planning Commission recommendation on this one. Gillispie asked staff to clarify why there was a side setback recommendation of 6 feet for this situation when the side setbacks are set at 15 feet in the City Code. Trapp said the orientation of the house is that the lake acts as a front, but Dove Lane is legally the front because it is the only street in which the lot can be accessed. Staff recommended 6 feet instead of 15 feet to make a reasonable compromise to the home's orientation on the lot. Gesch asked about the existing windows which the builder was concerned about blocking and how meeting the staff recommended six foot setback would affect the design of the proposed addition and garage. Discussion continued with Council Members, two members of the public who spoke previously and Andy Johnson all deliberating different plans based on meeting setbacks and understanding the building layout in regards to setbacks. Wegscheid spoke on the lack of hardship due to the large lot at 1729 Dove and said he supported the Planning Commission variance denial. The Council deliberated and agreed that as this is a large lot, there is no hardship to the homeowner to place a new garage in different spot on the lot and maintain the setback set in City Code. MOTION by Salazar, seconded by Gesch, to direct staff to prepare a resolution denying the variance for 1729 Dove Lane. All voted in favor. Motion carried. 0 Hoversten stated the Council previously awarded a sanitary sewer rehab project along with a change order at the July 14th meeting. Due to the favorable rates, the City Attorney was consulted as to how the City may increase the scope and remain compliant with uniform municipal contracting law. The City Attorney suggested keeping the scope under $100K to allow for quotes rather than sealed bids. The lowest quote came in at $103,524.60 which Staff feels is keeping with the intent of the law. A total of $302,000 will now be invested in sanitary sewer rehab which will be offset by $29,000 to $60,000 in grants from the Metropolitan Council. Hoversten added documentation to the agenda packet detailing this new financial information. Mayor Wegscheid asked about the likelihood of the City receiving these grants from the Metropolitan Council. Hoversten explained that rehabbing the City sewer systems increases opportunities to receive the grant allotment. This investment also reduces financial penalties for exceeding overflows from the system which are expected to occur. Hoversten noted the budget also assumes an additional 10 -15% to allow for incidental costs during the lining project and for other sewer related repairs. -2010- Mound City Council Minutes — July 28, 2015 MOTION by Salazar, seconded by Gillespie, to approve the resolution. All voted in favor. Motion carried. RESOLUTION NO. 15 -84: RESOLUTION ACCEPTING QUOTE FOR THE 2015 SANITARY SEWER REHABILITATION PROJECT — CITY PROJECT NO. PW -15 -06 a Hoversten stated the City has an opportunity to comment on Hennepin County's Natural Resources Strategic Plan. Hennepin County identified five basic goals and three action items in the plan, including: 1. Hennepin County proposes establishing an inventory of water resource management opportunities across the County. 2. Proposes an easement program to protect water resources in the County. 3. The County proposes establishing a coordinating body to integrate governance levels across water resources. Hoversten believes there is not a need for another layer of governance as proposed in action number three. Hoversten stated there is a survey related to the natural resources which is available for any citizen to take. Hoversten recommends that everyone complete this survey. Peterson asked if the County survey could be linked or put on the City website. Hoversten stated the County sent it out via GovDelivery and would look into options for making the survey more available to Mound residents. The Council also requested that an article in the Laker asking people to take survey and supplying our comments as a City be written. MOTION by Salazar, seconded by Gesch, to support submittal of comments by Public Works Director in response to Hennepin County's Natural Resources Strategic Plan. All voted in favor. Motion carried. 10. Information/Miscellaneous A. Comments /reports from Council Members /City Manager Hanson commented that Spirit of the Lakes Festival was a huge success in spite of poor weather and that it made more money than last year. Hanson thanked everyone who attended and supported the event. Night to Unite is being held on August 4 from 6:00 -8:00 p.m. Hanson encouraged residents to register their block party with the Orono Police Department so that a squad car can visit your party. Council members also can ride along with police to attend block parties in the City. Gillispie and Hanson made an announcement that WCC will be hosting Dog Days on Saturday, August 22nd in the Harbor District. Minutes: Planning Commission - June 2, 2015 Suburban Rate Authority - July 15, 2015 B. Reports: Finance - 2015 YTD, as of June 30, 2015 C. Correspondence: 11. Adiourn -2011- Mound City Council Minutes — July 28, 2015 MOTION by Gesch, seconded by Gillispie, to adjourn at 8:16 p.m. All voted in favor. Motion carried Attest: Catherine Pausche, Clerk Mayor Mark Wegscheid -2012- PUBLIC MEETING NOTICE Consulting Engineers & Surveyors 2638 Shadow Lane, Suite 200 • Chaska, MN 55318 -1172 UQJ Phone (952)448- 8838• Fax (952)448 -8805 www.bolton- menk.com August 5, 2015 Ms. Kandis Hanson, City Manager City of Mound 2415 Wilshire Boulevard Mound, MN 55364 RE: 2014 Street and Utility Improvement Project — West Three Points Blvd. Utilities City Project No. PW -14 -01 Pay Request No. 4 Dear Ms. Hanson: Please find enclosed Pay Request No. 4 from Geislinger & Sons, Inc. for work completed on the 2014 Street, Utility and Retaining Wall Improvement Project — West Three Points Boulevard Utilities, from July 1, 2015 through July 25, 2015. We have reviewed the contractor's request, verified quantities and recommend payment in the amount of $44,890.16 to Geislinger & Sons, Inc. Sincerely, BOLTON & MENK, INC. Daniel L. Faulkner, P.E. City Engineer cc: Eric Hoversten, Director of Public Works Catherine Pausche, Director of Finance 2014- DATE: 8/4/2015 CONTRACTOR'S PAY REQUEST NO. 4 CONTRACTOR Geislinger & Sons 2014 STREET IMPROVEMENTS' WEST THREE POINTS BLVD UTILITIES OWNER City of Mound CITY PROJECT NOS. PW -14 -01 ENGINEER Bolton & Menk BMI PROJECT NO. C12.107130 FOR WORK COMPLETED FROM 7/1/2015 THROUGH 7/25/2015 TOTALAMOUNT BID ................. .......... . ...... .......... ...... . ......... ..._... ... - .......... ...... .... ...... ... ...... ...._._..._............ ... .... . $ 920,288.89 APPROVEDCHANGE ORDERS ....... ....... ........ . ..... --- ... . ........... ........................... . ... ......... ........ ...,,...... $ - CURRENT CONTRACT AMOUNT ............. -- ...... -- .... -._.... ...... ............................. .................._..... ....... $ 920,288.89 TOTAL, COMPLETED WORK TO DATE ....... .... -- ..... ........................... .. ........ - ................... .............. .............. - ..... ... $ 861,662.47 TOTAL, STORED MATERIALS TO DATE.............................. ....................... .................... ........................ ........... .... $ - DEDUCTION FOR STORED MATERIALS USED IN WORK COMPLETED ........................... .......... .... ........... ......... $ - TOTAL, COMPLETED WORK & STORED MATERIALS... .... . ... ................ .................................. ........... ...-- .... I .... - $ 861,682.47 RETAINED PERCENTAGE ( 5% ) ........................................................................ ............................... $ 43,08$.12 TOTAL AMOUNT OF OTHER DEDUCTIONS ... ........................... ................ ........................... . ..... ......... ................. $ - NET AMOUNT DUE TO CONTRACTOR TO DATE......... ........................ ................. ... ........ ........ ...... ................... ...... $ 818,579.35 TOTAL AMOUNT PAID ON PREVIOUS ESTIMATES ................................................................ ............................... $ 773,689.19 PAYCONTRACTOR AS ESTIMATE NO. 4................ ................................................................... ....... .. ...... ............. $ 44,890.16 Certificate for Payment I hereby certify that, to the best of my knowledge and belief, all Items quantities and prices of work and material shown on this Estimate are correct and that all work has been performed In full accordance with the terms and conditions of the Contract for this project between the Owner and the undersigned Contractor, and as amended by any authorized changes, and that the foregoing is a true and correct statement of the amount for the Final Estimate, that the provisions of M. S. 290.92 have been complied with and that all claims against me by reason of the Contract have been paid or satisfactorily secured. Contractor. Geislinger & Sons, Inc. 511 Central Ave. S. PO Box 437 Watkins, MN 55389 ,gg By �5 ! i'-- '- GYa'7AA.4'�'P /.. Name Title Date S;'y -15 - CHECKED AND APPROVED AS TO QUANTITIES AND AMOUNT: BOLTON & MENK, 1 C., ENGINEERS, 2638jr SHADOW ) LN, SUITE 200, CHASKA MN 65318 By reilt G& PROJECT ENGINEER Daniel L. Faulkner Date 1 1 J ! 2-m APPROVED FOR PAYMENT: Owner: CITY OF MOUND By -2015- I Consulting Engineers & Surveyors 2638 Shadow Lane, Suite 200 - Chaska, MN 55318 -1172 V, Phone (952) 448 -8838 • Fax (952) 448 -8805 www.bolton- menk.com August 5, 2015 Ms. Kandis Hanson, City Manager City of Mound 2415 Wilshire Boulevard Mound, MN 55364 RE: 2014 Street and Utility Improvement Project — West Three Points Blvd. Street City Project No. PW -14 -01 Pay Request No. 1 Dear Ms. Hanson: Please find enclosed Pay Request No. 1 from Midwest Asphalt Corporation for work completed on the 2014 Street, Utility and Retaining Wall Improvement Project — West Three Points Boulevard Street, from June 25, 2015 through July 25, 2015. We have reviewed the contractor's request, verified quantities and recommend payment in the amount of $56,467.97 to Midwest Asphalt Corporation. Sincerely, BOLTON & MENK, INC. Daniel L. Faulkner, P.E. City Engineer cc: Eric Hoversten, Director of Public Works Catherine Pausche, Director of Finance -2016- DATE: 112812013 CONTRACTOR'S PAY REQUEST NO. 1 CONTRACTOR Midwest Asphalt Corp 2014 STREET IMPROVEMENTS- WEST THREE POINTS BLVD STREET OWNER Cityof Mound CITY PROJECT NOS, PW-I 4 O1 ENGINEER Bolton &Menk 8MI PROJECT NO C12.1O713O FOR WORK COMPLETED FROM 6/2512015 THROUGH 7/25 /2015 TOTALAMOH NT RID_.-.. ......... ..._....__..........__ ..................._._................................_......._...___.._.._......._.......... ..........._._........._....._. $ 590231.35 APPROVED CHANGE ORDERS .................... ..............................................._..........................__.... ._............. ......... ....... j CURRENT CONTRACT AMOUNT. ........ ........ ................... .... .......... ... ..- .......... .... $ 590,231.35 TOTAL, COMPLETED WORK TO DATE ..................................................,................................................. ...........................,... $ 59,439.97 TOTAL, STORED MATERIALS TO DATE ............................................... ........... ........_.......... ............... ....... ... ............. ............ ,... $ DEDUCTION FOR STORED MATERIALS USED IN WORK COMPLETUM ............................. ............................... $ TOTAL COMPLETE D WORK& STORED MATERIALS ..........-.......... .............. ........................................................ ...... ,... ......... $ 59,439.97 RETAINED PERCENTAGE 1 5% l ......... ........... ....................................................... ..................................... .............. ,...... $ 2,972.00 TOTAL AMOUNT OF OTHER DEDUCTIONS............. .... .......................... .................... ._. .............................. .............._,..,.... $ NET AMOUNT DUE TO CONTRACTOR TO DATE ........... .....-... ... ..... ..... .................. ............... ................. ......_._......_............ $ 56,467.97 TOTAL AMOU NT PAIO ON PREVIOUS ESTIMATES ............ .......... . ............. ............ ............................. ................ ................. $ - PAYCONTRACTOR AS ESTIMATE NO. 1......._._...._....... ................................................ .._...._............,..,...,.... ............................. .. $ 56.467.97 Certificate for Payment I hereby certify that, to the best of my knowledge and belief, all Items quantities and prices of work and material shown on this Estimate, aft correct and that all work has been performed In lull accordance wRli lbe terms and conditlonsaf the Comrad br this project between the owner and the undersigned Contractor, and as amended by any aut posbad changes, and that he foregoing Is a true and correct statement of the amount for the Final Estimate, that the provisions of M. & 290.92 have been complied with and that all claims against me, by reason of the Contract have been Paid or satisfactorily secured. Contractor: Midwest Asphalt Corporation 63401ntlusir'ID'we, S M2OD r'" 'rl MN 348 By A, to c me one Dale CHECKED AND APPROVED AS TO QUANTITI IS AND AMOUNT: BOLTON & VERB, INC., ENGIN/E/E/Q�S, 2638 SHADOW l , SUITE 20, C.HAASKKK1A �Ny 55318 5 BY (k. Lam+ PROJECT ENGINEER Do let L. ne Faulkr Q Ks- APPROVED Date 1 / �5 FOR PAYMENT: Owner: CITY OF MOUND By -2017- Tor-OR UQJ1 Consulting Engineers & Surveyors 2638 Shadow Lane, Suite 200 • Chaska, MN 55318 -1172 Phone (952) 448 -8838 • Fax (952) 448 -8805 www.bolton- menk.com August 5, 2015 Ms. Kandis Hanson, City Manager City of Mound 2415 Wilshire Boulevard Mound, MN 55364 RE: 2015 Street, Utility & Retaining Wall Improvements — Grandview Blvd. & Tuxedo Blvd. City Project Nos. PW- 15 -02, PW- 15 -01, PW -15 -03 Pay Request No. 2 Dear Ms. Hanson: Please find enclosed Pay Request No. 2 from Geislinger & Sons, Inc. for work completed on the 2015 Street, Utility and Retaining Wall Improvement Project — Grandview Boulevard and Tuxedo Boulevard from July 1, 2015 through July 25, 2015. The amount shown as "MCES Amount Due To Contractor" will need to be invoiced to the Metropolitan Council, along with a progress report, in accordance with the Construction Cooperative Agreement number 15I032, and processed as a re- imbursement to the City. We have reviewed the contractor's request, verified quantities and recommend payment in the amount of $296,506.88 to Geislinger & Sons, Inc. Sincerely, BOLTON & MMENK, INC. Q� L,vt Daniel L. Faulkner, P.E. City Engineer cc: Eric Hoversten, Director of Public Works Catherine Pausche, Director of Finance 50401 DATE: 7/3112016 CONTRACTOR'S PAY REQUEST NO. 2 CONTRACTOR Geislinger & Sans, Inc 2015 STREET, UTILITY & RETAINING WALL IMPROVEMENTS OWNER City of Mound CITY PROJECT NO. PW- 15 -01, PW- 15.02, PW -15 -03 ENGINEER BoBon & Monk BMI PROJECT NO. 012.108886, C12A08887 FOR WORK COMPLETED FROM 711@015 THROUGH 7/28/2015 TOTALAMOUNT BID ........... .................,.._........................,.....................................,.........,........ .........................I..... $ 3,682,938.25 APPROVED CHANGE ORDERS + EXTRA WORK ......... ................................. ..... -- .... ..... .................... ...... $ CURRENTCONTRACT AMOUNT ............................................................................. ............................... $ 3,682,938.25 TOTAL, CITY COMPLETED WORK TO DATE $ 453,590.11 TOTAL, MCES COMPLETED WORK TO DATE $ 17,106.39 TOTAL, COMPLETED WORK TO DATE ............. ....................... ..... .............. ... .................. ............... ....._.... ....... ......... $ 470,696.60 TOTAL, MOUND STORED MATERIALS TO DATE $ - TOTAL, MCES STORED MATERIALS TO DATE $ - TOTAL, STORED MATERIALS TO DATE.....- ... ....... .........._..... ... ................................................ .... .......................... $ - MOUND DEDUCTION FOR STORED MATERIALS USED IN WORK COMPLETED $ - MCES DEDUCTION FOR STORED MATERIALS USED IN WORK COMPLETED $ _ DEDUCTION FOR STORED MATERIALS USED IN WORK COMPLETED., ............. .................................................. $ - TOTAL, MOUND COMPLETED WORK & STORED MATERIALS $ 463,690.11 TOTAL, MCES COMPLETED WORK & STORED MATERIALS $ 17,106.39 TOTAL, COMPLETED WORK & STORED MATERIALS. ............................................................................................. $ 470,696.50 MOUND RETAINED PERCENTAGE 1 5.0% ) $ 22,679.51 MCES RETAINED PERCENTAGE ( 5.0% ) $ 855.32 RETAINED PERCENTAGE 6.0% ) ..................................................................... ............................... $ 23,534.83 MOUND AMOUNT OF OTHER DEDUCTIONS $ _ MCES AMOUNT OF OTHER DEDUCTIONS $ _ TOTAL AMOUNT OF OTHER DEDUCTIONS ............................................................................ ............................... $ - MOUND AMOUNT DUE TO CONTRACTOR TO DATE $ 430,910.61 MCES AMOUNT DUE TO CONTRACTOR TO DATE $ 16,25L07 NET AMOUNT DUE TO CONTRACTOR TO DATE...... ...... I .............. ............... I ...... I ....... ............. ....................... $ 447,161.68 TOTAL, MOUND AMOUNT PAID ON PREVIOUS ESTIMATES $ 143,25130 TOTAL, MCES AMOUNT PAID ON PREVIOUS ESTIMATES $ 7,403.50 TOTAL AMOUNT PAID ON PREVIOUS ESTIMATES...... .......................................... ............. ............................. $ 150,654.80 CITY OF MOUND THIS ESTIMATE $ 287,659.30 MCES THIS ESTIMATE $ 8,847.67 PAYCONTRACTOR AS ESTIMATE NO. 2 .................................................................................. ............................... $ 296,506.88 -2019- Certificate for Payment I hereby certify that, to the best of my knowledge and belief, all Hems quantities and prices of work and material shown on this Estimate are correct and that all work has been performed in full accordance with the terms and conditions of the Contract for this project between the Owner and the undersigned Contractor, and as amended by any authorized changes, and that the foregoing is a two and correct statement of the amount for the Final Estimate, that the provisions of M. S. 290.92 have been complied with and that all claims against me by reason of the Contract have been paid or satisfactorily secured. Contractor: Geisfinger & Sons, Inc 511 Central Ave. S. P.O. Box 437 Watkins, MN 55388 [j By xz.h -^*- Name Title Title Date 0-'/ — ( CHECKED AND APPROVED AS TO QUANTITIES AND AMOUNT: BOLTON & MENK, INC., ENGINEERS, 2638 SHADOW LLNN, SUITE 260, CHASKA MN 55318 ey (Qyfl2 (X V / w7�y/ //� �� CITY ENGINEER Daniel L, Faulkner Date 7 3- ctrl4 APPROVED FOR PAYMENT: Owner: CITY OF MOUND By Name Title Date -2020- s Z Consulting Engineers & Surveyors �� 2638 Shadow Lane, Suite 200 • Chaska, MN 55318 -1172 Phone (952)448- 8838• Fax (952) 448 -8805 www.balton- menk.com August 6, 2015 Honorable Mayor and Members of the City Council City of Mound 2415 Wilshire Boulevard Mound, MN 55364 RE: 2015 Street, Utility & Retaining Wall Improvements — Grandview Boulevard City Project No. PW -15 -01 Change Order No. 1 Dear Mayor and Members of the Council: During the construction of the scheduled underground utilities on Grandview Boulevard in the area between Sunset Road and the Grandview lift station, the existing storm sewer lines were observed to be in poor condition and in need of extensive repair or replacement. It was determined that replacement was the best long -tern option. A change order has been prepared and the contractor has agreed to use the existing bid item prices for the additional storm sewer; there are two new items (21 -inch pipe; 48 -inch drainage structure) for which the contractor has provided reasonable prices. It is our recommendation that the Council approve the attached resolution approving Change Order No. I at an increase in the contract amount of $31,044.85. The new Contract amount with Geislinger & Sons, Inc. will be $3,713,983.10. Sincerely, BOLTON & MENK, INC. Daniel L. Faulkner, P.E. City Engineer Cc: Eric Hoversten, Director of Public Works Catherine Pausche, Director of Finance H \MOUN\C 12108887 \1_Corres\E_Docs\2015 -08 -05 Ltr to Council, Change Order No. I.doc DESIGNING FOR A BETTER TOMORROW Bolton & Menk is a.. _ - ° °' opportunity employer -2021- CITY OF MOUND RESOLUTION NO. 15- RESOLUTION APPROVING CHANGE ORDER NO. 1, 2015 STREET, UTILITY & RETAINING WALL IMPROVEMENTS — GRANDVIEW BOULEVARD, CITY PROJECT NO. PW -15 -01 WHEREAS, Resolution 15 -36 awarded the contract for the 2015 Street, Utility & Retaining Wall Improvements — Grandview Boulevard and Tuxedo Boulevard to Geislinger & Sons, Inc. in the amount of $3,682,938.25 and WHEREAS, during the construction of the contracted underground utility improvements on Grandview Boulevard, in the area between Sunset Road and the Grandview lift station, the existing storm sewer pipe was observed to be in poor condition; and WHEREAS, it was determined that the best long -term solution is to replace the existing storm sewer pipe in this area with new reinforced concrete pipe; and WHEREAS, the City's contractor, Geislinger & Sons, Inc. has agreed to increase the quantity of pipe at their current contract unit prices and provided reasonable prices for the two new items (21 -inch concrete pipe and 48 -inch drainage structure); and WHEREAS, Change Order No. 1 has been prepared, signed by the contractor and submitted to the City for approval; NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Mound, Minnesota: That Change Order No. 1, attached to this Resolution, totaling $31,044.85 is hereby approved and further, the new total contract amount is increased from $3,682,938.85 to $3,713,983.10 Adopted by the City Council this 11'" day of August 2015. Attest: Catherine Pausche, City Clerk Mayor, Mark Wegscheid 2022- CHANGE ORDER NO.1 PROJECT: 2015 Saw, Ulily 8 Renaming Well Improvements - Grandviaw Boulevard & Tuxedo Boulevard 848 PROJECT NO.: C12.10086, ClZlOB887 OWNER: C"f Maxwell, Mirsussola DATE: July 26, 2815 CONTRACTOR: Gelsinger It Sors, WHEREAS, the Cly of Mount delarmhetl that existing storm sewer lines ere In head of rePatr WHEREAS, It was deletmined that these noted Improvements would be o iclently conatrucied as part of the 2015 Street, Utility & Relairiq Wall Improvement- GandvEw 8oulevsrdprojeah NOW THEREFORE, BE IT MUTUALLY AGREED THAT: Aide 5.01 of the 2015 Street. LIMIT& Retaining Wall Improvement Project Agreement - Orandvlew Boulevard, Tuxedo Boulevard is hereby matlnled to Include the Items on the attached Schedule of Unit Prima for storm sewer Improvements. fC"ANOE IN CONTRACT AMOUNT: Net Change in Cohuai $31.044.85 Pmvbus CooheG Amount 3_$ 882998.26 New Contact Amouol 713,983.10 APPROVED: CONTRACTOR: Fv«- ^•�-+x �`-'- !!r$'PC9'�Y/ifn94P/" �'�/ -�S Nama Tltie Dale SCHEDULE OF UNIT PRICES Item No. Descripdon Un8 Price Oly Unit Amount ADDS: 4 REMOVE SEWER PIPE STORM 610.00 4611 LIN FT 4810.00 13 REMOVE DRAINAGE STRUCTURE 200.00 4 EACH 6800.00 77 1T'RCPIPE SEWER DESIGN 3008 CLASSY 640.00 133 UN FT 65,320.00 77A 15" RC PIPE SEWER DESIGN 30M CLASS V $46.00 315 LIN FT 15120.00 76A 21" RC PIPE SEWER DEBION 3006 CLASSY $58,0 0 13 LIN FT $754.00 616 CONSTRUCT DRAINAGE STRUCTURE DESIGN 48" -0020 260.OD 13.41 LIN FT $3,486.80 82A CIX43TRUCTER NA0E5TR CT REDE8IGN60" -0020 $275.00 3.47 LIN PT 6954.25 SUBTOTAL' $31044.65 Net Chen a In CCh In Corded $Sf.D44.65 PreN Amount 69882 ,038.26 NewGaMraolAmount 83713983.10 -2023- CITY OF MOUND RESOLUTION NO. 15- RESOLUTION APPROVING CHANGE ORDER NO. 1, 2015 STREET, UTILITY 8, RETAINING WALL IMPROVEMENTS — GRANDVIEW BOULEVARD, CITY PROJECT NO. PW -15 -01 WHEREAS, Resolution 15 -36 awarded the contract for the 2015 Street, Utility & Retaining Wall Improvements — Grandview Boulevard and Tuxedo Boulevard to Geislinger & Sons, Inc. in the amount of $3,682,938.25 and WHEREAS, during the construction of the contracted underground utility improvements on Grandview Boulevard, in the area between Sunset Road and the Grandview lift station, the existing storm sewer pipe was observed to be in poor condition; and WHEREAS, it was determined that the best long -term solution is to replace the existing storm sewer pipe in this area with new reinforced concrete pipe; and WHEREAS, the City's contractor, Geislinger & Sons, Inc. has agreed to increase the quantity of pipe at their current contract unit prices and provided reasonable prices for the two new items (21 -inch concrete pipe and 48 -inch drainage structure); and WHEREAS, Change Order No. 1 has been prepared, signed by the contractor and submitted to the City for approval; NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Mound, Minnesota: That Change Order No. 1, attached to this Resolution, totaling $31,044.85 is hereby approved and further, the new total contract amount is increased from $3,682,938.85 to $3,713,983.10 Adopted by the City Council this 1 V day of August 2015. Attest: Catherine Pausche, City Clerk Mayor, Mark Wegscheid -2024- CITY OF MOUND RESOLUTION NO. 15- RESOLUTION APPROVING PUBLIC LANDS PERMIT FOR CONSTRUCTION OF RAIN GARDEN ON UNIMPROVED ROAD RIGHT OF WAY, ADJACENT TO 6216 RED OAK ROAD WHEREAS, the applicant, Gary and Denise Perrin, submitted a Public Lands Permit application for the proposed rain garden which is proposed to be constructed on a portion of a City owned parcel located in the vicinity, lying between 6216 and 6208 Red Oak Road; and WHEREAS, Section 62 -11, requires City Council approval by a majority vote for construction of any kind on any public way, park or commons, or the alteration of the natural contour of any public way, park or commons; and WHEREAS, the aforementioned unimproved alley does not provide access to commons or other Lakeshore features and is obstructed at its apron with Red Oak Road by over - story tree - growth and hedge plantings; and WHEREAS, details about the proposed project are contained in the submitted materials from the applicant; also Planning Report No. 15 -08 dated May 1, 2015; and WHEREAS, the proposed designs will not interfere with the existing storm water culvert traversing the proposed site, subgrade from Red Oak Road down to the Dutch lake shoreline; and WHEREAS, the applicant has gained the approval of the adjacent property owner; and WHEREAS, the applicant is seeking matching funds grants from the Minnehaha Creek Watershed District (MCWD) under their residential; rain garden cost share program who will assess the value and viability of the installation to clean water and lakeshore bank stabilization and provide funding approval on the basis of project merit; and WHEREAS, the maintenance agreement between MCWD and the requestor will be non - transferable and not held over the City as land -owner in the event the property conveys or the requestor loses ability /interest; and WHEREAS, the requestor and MCWD both agree disturbance of the installed rain garden in the course of normal city maintenance or repairs of the existing storm water culvert will be restored by the city to grade and turf only, with no additive funding to replace built rain garden features or function; and WHEREAS, City Staff recommends Council approval of the Public Lands Permit, subject to conditions; and -2025- WHEREAS, the City Council considered the Public Lands Permit request and the Staff recommendations at its meeting of Tuesday, 11 August, 2015; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mound, Minnesota, to approve the Public Lands Permit for the construction of a rain garden on city right of way adjacent/between 6216 and 6208 Red Oak Lane subject to conditions: 1. Project to be coordinated with MCWD including any required permitting which shall be the responsibility of the applicant. 2. Appropriate sediment and erosion control measured must be maintained on site until such time as vegetation has been established and /or subject area has been properly restored. Applicant to coordinate involved erosion control activities with Public Works Director or designee. 3. Prior to project start, applicant to schedule preconstruction site inspection with Public Works Director or designee. 4. A plan for construction equipment/vehicle /materials staging shall be approved by the Public Works Director or desigee 5. A grading permit is required for projects in the shoreland involving the annual movement of (10) cubic yards of material. 6. All digging in the vicinity of the storm pipe must be handwork and not disturb the bedment of the pipe. 7. No stockpiling of construction or other related materials are allowed in the shoreland /floodplain /wetland /Commons area(s) or on other public property unless specific permission and any required approvals have been obtained. The owner(s) sign an recordable agreement with the City, so future owners would know that these improvements may need to be removed at some time in the future for utility construction or maintenance purposes and not be replaced; also to address other related items including, but not limited to, maintenance, site access, liability, etc. Cost of the agreement preparation shall be paid by the applicant. 9. Other recommended conditions from Staff, Consultants, and the City Council. (to be inserted) Adopted by the City Council this 11 th day August, 2015, Mayor Mark Wegscheid Attest: Catherine Pausche -2026- CITY OF MOUND — PUBLIC WORKS DEPARTMENT 5341 Maywood Road Mound, MN 55364 TO: City Council FROM: Eric Hoversten, Public Works Director and Sarah Smith, Community Development Director DATE: Aug 6, 2015 SUBJECT: Public Lands Permit Application APPLICANT: Denise and Gary Perrin LOCATION: Unimproved Alley East of 6216 Red Oak Lane REQUEST: City Code Section 62 -11 regulates use of public lands in the City of Mound and states that construction of any kind on any public way, park or commons, or the alteration of the natural contour of any public way, park, or commons, is unlawful unless a special construction on public land permit is issued. The applicants, Denise and Gary Perrin, are requesting a Public Lands Permit to install a rain garden using Minnehaha Creek Watershed District (MCWD) Grant funding on the Right of Way of the unimproved alley extending from Red Oak Road to the Dutch lake shoreline to the west of their private lot. CITY DEPARTMENT REVIEW Copies of the request and all supporting materials were forwarded to all applicable City departments for review and comment. All written comments received to date have been summarized below: Public Works Director 1. A 18 -in to 24 -inch diameter storm sewer culvert lies under the land proposed for the rain garden at a depth 20 — 30 inches below surface grade at Red Oak, and closer to the surface at the lakeshore. (a.) The requester and MCWD would need to acknowledge that any failure of this culvert in the area of the garden, or the repair of, would result in city excavation in the area and damage to the garden the city would restore to grade and turf. (b) The proposed design of the garden includes excavation of a retention and percolation chamber to 24- inches depth, this should be achievable the majority of the length of the proposed garden, but the requester may encounter the culvert closer to the surface as it approaches the shoreline. -2027- (c.) All digging in the vicinity of the storm pipe must be handwork and not disturb the bedment of the pipe. (d.) MCWD should consider the impact of the impervious pipe and compacted bedment material around it in assessing the percolation performance of the proposed project. 2. The unimproved alley proposed for the location of this rain garden does not provide access to any traversable commons or city dock sites. The entrance to the alley off Red Oak Road is curbed and inaccessible do to the large trees and hedgerow growth at the intersection as depicted in the photos. Use of the land for a rain garden would not hinder public use or access in the area. 3. The area proposed for the rain garden is normally poorly drained, remains wet and soggy, and exhibits evidence of erosion and movement of soils into the lake as depicted in the photos. A properly designed and constructed rain garden would improve these conditions. 4. Project presents an excellent opportunity for residents to partner with the Watershed to improve the lakeshore environment on behalf of all Mound residents and lake users. 5. MCWD requires grant recipients to sign a non - transferable, 10 -year maintenance agreement which is held over the project by grant repayment language within. The agreement in this case would need to be solely with the requester with no transferability of maintenance responsibility or grant repayment assigned to the city. 6. Proposed concept plan proposes excavation of approx 250 square feet to a depth of 24 inches. This exceeds 10 cubic yards within a shoreline area and would require a separate grading permit from the City. 7. No issues with proposed landscaping design, plant selection or layout. Sarah Smith, Community Development Director 1. Project to be coordinated with MCWD including any required permitting which shall be the responsibility of the applicant. 2. Appropriate sediment and erosion control measured must be maintained on site until such time as vegetation has been established and /or subject area has been properly restored. Applicant to coordinate involved erosion control activities with Public Works Director or designee. 3. Prior to project start, applicant to schedule preconstmetion site inspection with Public Works Director or designee. 4. A plan for construction equipment/vehicle /materials staging shall be approved by the Public Works Director or desigee 5. A grading permit is required for projects in the shoreland involving the annual movement of (10) cubic yards of material. 6. If the Public Lands Permit is approved, it is recommended the owner(s) sign an recordable agreement with the City, so future owners would know that these improvements may need to be removed at some time in the future for utility construction or maintenance purposes and not be replaced; also to address other related items including, but not limited to, -2028- 2 maintenance, site access, liability, etc. Cost of the agreement preparation shall be paid by the applicant. No stockpiling of construction or other related materials are allowed in the shoreland /floodplain /wetland /Commons area(s) or on other public property unless specific permission and any required approvals have been obtained. SITE INSPECTION City Officials are encouraged to visit the site prior to the meeting. Staff recommends approval of this permit with conditions noted above including, but not limited to comments from Staff and construction of the proposed rain garden to meet the requirements of Watershed specifications. CITY COUNCIL REVIEW Is required. ATTACHMENTS: • Public Lands Permit Application dated June 28, 2015 • Concept plan • Photographs • MCWD Non - transferable Owner - Agreement Template -2029- 3 D� /� UB 6LIC LANDS clrvo�MO INS APPLICATION 2415 Wllshlre Boulevard, Mound, MN 55364 Phone 952.472 -0600 Fax 952 -472 -0620 - Date Received Parks and Open Space Commission Date City Council Date DISTRIBUTION Building Official Parks Director DNR MCWD Check one Public Works _ Other (� CONSTRUCTION ON PUBLIC LAND PERMIT - new construction. NOTE: NO PERMIT SHALL BE ISSUED FOR CONSTRUCTION OF BOAT HOUSES OR OTHER BUILDINGS ON PUBLIC LAND - City Code Section 62 -11(a) & (b). ❑ PUBLIC LAND MAINTENANCE PERMIT - to allow repairs to an existing structure - City Code Section 62- 11(c). ❑ CONTINUATION OF STRUCTURE - to allow an existing encroachment to remain in an "as is" condition - City Code Section 62- 11(g). El LAND ALTERATION - change in shoreline, drainage, slope, trees, vegetation, fill, etc. - City Code Section 62- 11(d). The structure or work you are requesting is an activity on publicly owned lands. Structures like boat houses, patios, sheds, etc. are all NONCONFORMING USES. It is the intent of the City to bring all these uses into conformance, which means that those structures will at some time in the future have to be removed from the public lands. All permits are granted for a limited time and are non - transferable. Stairway construction must meet the State Building Code when the permit is for new construction, or a new permit is applied for due to a change in dock site holder. APPLICANT I Name f ! ¢ UC1M C ) �� .Lai 3-, /�lnc,� >• d Address�� /�� 3b eoih �oZ T� li1lo5L y -3a ooa3 Phone (H) c-- (1N) 7G 3 - -4:! ti?C,; 5 (M) /1.2 251 -lal� ABUTTING Address -4,4ia PROPERTY LEGAL Lot Block i DESC. Subdivisiio[n _ (rbtd f P r rge P PID # 1 J / -acf 7 - .Z Zoning: R1 R1A R2 R3 B1 82 B3 (Circle one) Public Lands Permit Application Page 1 of 2 Revised 11212015 -2030- PUBLIC Name Email PROPERTY Dock Site # r7 ! / Shoreline Type CONTRACTOR I Name E,ngtr,,,r 14r „n 9 Email' Phone (H) (M m6zg A FEE OF $200.00 APPLIES IF VALUATION OF PROJECT EXCEEDS $1,000.00 AND NO PUBLIC BENEFIT IS DERIVED. . . X�2 „o�oc t� e � `� e-0 Ax PROPOSED COST OF PROJECT (INCLUDING LABOR & MATERIALS) DESCRIBE REQUEST &PURPOSE -7 ;i* hl"'Ll 1. ,.A.'_ 2M Applicant's Signature �,/ � �� Date V Public Lands Permit Application Page 2 of 2 Revised 11212015 -2031- C. x DRNEWAY 12'X12° NDS CATCH�\ - - EX. LAY-: - - - - - BA5 - EX. DRAINTILE D151-HARSE / �S ®'IV67 f LP91� SCALE: P =10' -0° NORTH 6ARASC X INV.INm4Yb- (9f 989 !.4) - - -- 4'PERP. DRAINTILE INV. INmC9Y2) a(V AS) - - SMOOTH All I% MIN EX. DECK -4 °X4° ND5 CATCH BASIN FOR DISCHARGE 'yam-- •�••®•• _ _ gppROX. PROPET'f LINE 4' l91b) --> (--- _____X -�Ei MOO i L--IB" DUAL WALL CATCH SHIED SARA &E BASIN, YU BE£ HIVE FFEm469 FFE.989 &RATE, CONFECT TO EX15TIN6 STORM DRAIN BELOW k-4' PEW. DRAINTILE, SMOOTH WALL, i% MIN SLOPE ONNECT NEIBFBORS JMP DISCHAR6E TO RAINTILE - - - - -- - -- - - - - - - EX, FIRE PI BIRCH fi RAIN 6ARDEN tU 250 SGi. FT. 6' SC4.40 RELIEF PIPE DAYLIGHT DRAIN TILE RMIMa(g6O) 1w. m (96.1) g7jj (96.1) 1' 4195 Ci 31s✓ � J�EX. 12' ASH (POOR 1yy �( CONDITION) TOP OF PLANTING MIX EX. 12' ASH (POOR CONDITION) EX. CHAIN LINK FENCE EX. 24' BASSH= -2032- I I5- 010KOVO 6- AlREOMA II- MAG61E DALEY ASTIL.BCTN 1 -BLUE 5"-6* RIVER ROOK W/ FABRICS --' MIX IN 12" BOULDERS 5 -H051� ]-LITTLE ROCKET LIGULARIA 6-JAOK PROST BRUNNERA 5-LITTLE PLANTflVG Pf_AN HOGTA 1 SCALE; 1 " =10' -0" NORTH TEPPIN6 STONE ROUNDOOVER VARIES WITH SHREDDED SHRUBS VARIES WITH SHREDDED HARDWOO HARDWOOD MULCH - 4" DEPTH - SEE PLANTING PLAN M)LOH - 4" DEPTH - SEE PLANTING PLAN OLY LINEAR SUMP PUMP OUTLET 64RAVEL - 6" DEPTH 4" NDS OAT BASIN - "-6" RIP PAP rnpgnii ,0NNE0T TO NE16H80R5 SUMP PUMP EX. ASH ® .HYDF_A TREE j EMUFFIN VIBURNUM / 2-AA. SPIREA M BASE OF R/ VARYING 7=1=5 A -STAINLESS EVE, E CORAL BELL`' GHOST FERN R ROOK W/ FABRIC MIX Ii, BOULDERS IAG6IE I=T ASTILBE RIAN IR FROST 4NERA i COMP, DOGWOOD BERRY SPLASH PULMONARIA MNLESS SiTiLE CORAL BELLS 51OKOV0 6BRANIUH PLARTIN66 ?X. BIRCH EX. RIVER ROOK EDGE RAIN 6, 40 OVERFLOW PIPE RIM•(47.5) SOH. 4o OVERFLOW PE DAYLI6HT TO LAKE EXCAVATE RAIN 6ARDEN TO A 24" DEPTH. BAOKFU RAIN GARDEN WITH THE FOLLOWING SOIL MIX. 90% CAARSE WASHED SAND BO% OR6ANIO COMPOST -2033- !�OO�e►.O e;oieooe 0 7TA► pp000�0�00 v�00�0000.0�6jy �'1 jI NINEBARK X. ASH O�BLAc,K-eyw SUSAN -RATTLESNAKE MASTER OVE ASH "Opt CaVITION) LA%-E`YEV SUSAN 40 OVERFLOW PIPE RIM•(47.5) SOH. 4o OVERFLOW PE DAYLI6HT TO LAKE EXCAVATE RAIN 6ARDEN TO A 24" DEPTH. BAOKFU RAIN GARDEN WITH THE FOLLOWING SOIL MIX. 90% CAARSE WASHED SAND BO% OR6ANIO COMPOST -2033- H- MA661E PALEY — - - - - — - 3 "-61 RIVER ROCK W/ ULDER5r-� \\ `^a MIX IN 12" BOULDERS \_ \\ SEE 98. x S -JACK FROST 6- AUREOMAR HOSTA IH3LUE ANSEL- HOSTA 5- 07TLE ROCKED` LIGULARIA PLANTI G PLAN ._ HOSTA SCALE; 1 "= 10'-0" NORTH TEPPINS STONE VARIES WITH SHREDDED SHRIMS VARIES WITH SHREDDED HARDWOOD HARDWOOD MULCH - 4" DEPTH - SEE PLANTING PLAN MULCH - 4" DEPTH - SEE PLANTINS PLAN OLY LINEAR SUMP PUMP OUTLET fiRP.VEL - (," DEPTH 9" NDS CATCH BA51N —�• RIP PAP 4" DRAIN TILE - UNDISTORBm 4" PVC PERFERATED, SMOOTH WALL DRY STREAM BED SECTION 1 SCALE: NOT TO SCALE 4 BASE OF RAIN GARDEN VARYING &ROUNDCO f.ONNECT TO NEIGHBORS SUMP PUMP :XISTINS BOULDER RETAININ6 WALL =mc,OVER VARIES WITH SHREDDED �RDWOOD MULCH - 4" DEPTH - SEE PLANTING PLAN DRY 6TREAMSEDINNV. - 016.1) DRAIN TILE L- i- AU&.),T MOON HOSTA IWA DRINKING SOAP HOSTA STAINLESS 57EB"E CORAL BELLS 3 -&H05T FERN RIVER ROCK W/ FABRIC MIX IN 12"BWLPERS A&&IE PALEY ASTILBE RIAN IRIS FROST BRLW ER'> i COMPACT DOGWOOD IN GARDEN SECTI ®N SCALE: NOT TO SCALE EX. RIVER ROCK ED6E /--STONE PATH / �,,ZLLIE INYL ED61 N6 O EPSE S O FLAG IRIS [C QP f0oa000 eleo0 %c. a• /rF �'fN•n .. 7dL iii yy°. r -AMBER JSILVE NINESARK O-BLACK-EYEP SUSAN -PRAIRIE SLAZINO STAR -RArMESNAKF MASTER VE ASH (POOR WNPITION) -- SPLASH PULMOKARA SOH. 40 OVERFLOW PIPE RIM'( ---b" 50H. 40 OVERFLOW PIPE DAYLIGHT TO LAKE — iNvISflIRBED EUASKADE EXCAVATE AND REPLACE WITH RAIN GARDEN SOIL (Z DEPTH) -2034- Elm eol IJAP ) /, � /,/, p 0 MINNEHAHA CREEK WATERSHED DISTRICT Stormwater -Runoff Best Management Practices Cost -Share Funding Agreement Minnehaha Creek Watershed District and [insert name(s) of property owner(s)J This agreement, entered into to support collaborative water - resource protection and education and outreach efforts, is made between the Minnehaha Creek'Watershed District (MCWD) and (insert names] (together, Landowner), fee title owner of the property at [insertaddress] on which work is to be performed (fhe Property). i . Scope of Work. Landowner will [design and] construct [HUP(s) to be constructed or instal /et% Stormwater- runoff best management" practices] at the Property (the Project). The Project will be constructed in accordance with final designs and plans attached to this agreement as Exhibit A, which is a part of and incorporated into this agreement. Landowner is responsible for obtaining all required permits and approvals, including an MCWD permit (if required), and for `complying with all laws, including laws requiring location of buried utilities prior to land disturbance. MCWD representatives may enter the Property at reasonable times to inspect the work and determine compliance with this agreement. 2. Contractor. Landowner will select a "contractor or contractors for the Project and ensure construction of the Project in conformity with Exhibit A. In contracting for construction of the Project, Landowner will ensure that no person is excluded from full employment rights or participation in or benefits of any program, service, or activity on the grounds of race, color, creed, religion, age, sex, disability, marital status, sexual orientation, public- assistance status or national origin, and that no person protected by applicable federal or state laws, rules or regulations against discrimination is subject to discrimination. 3. Reimbursement. When the MCWD determines that installation has been completed in accordance with Exhibit A and the MCWD has received all invoices and /or receipts documenting the Project costs, along with any completed reimbursement forms required by the MCWD, the MCWD will reimburse Landowner up to a total of $ - - - - -- or 50 percent of the total Project cost, whichever is less. 4. Sianage; Public Access" Publicity, The MCWD, at its own cost and in consultation with Landowner, may place and maintain appropriate signage on the Property -2037- Minnehaha Creek Watershed District Stormwater BMP Cost -Share Agreement identifying and describing the Project and informing the public of its purposes. On reasonable notice to Landowner, MCWD representatives may accompany members of the public onto the Property to view the Project from time to time. This agreement does not create any right of public entry onto Landowner's property except as coordinated with Landowner and accompanied by an MCWD representative. In communicating to funding or oversight agencies or in public communications about MCWD programs, the MCWD may cite the Project and its location and may depict the Project in text, photographs or other media. 5. Maintenance. Landowner will maintain the Project for 10 years from the date of Landowner's final submittal for reimbursement in accord4,,, with - he terms of the ., maintenance schedule attached to and made part of this agfeemeni as Exhibit B. If Landowner fails to maintain the Project in conformity with Exhibit B, the MCWD will have a right to the return of reimbursement paid under.this agreement, unless the MCWD determines that the failure was caused"by reasons beyond Landowner's control or that the Landowner notified the MCWD in accordance with paragraph 6 then conveyed the Property. The MCWD and its representatives may enter the Property at reasonable times to inspect the condition of the Project and confirm proper maintenance. 6. Sale of the Property. After receiving reimbursement under paragraph 3, Landowner will notify the MCWD at least 30 days before Landowner conveys the Property and will facilitate communication between the MCWD and the purchaser of the Property to help ensure continued maintenance of the Project. 7. Timeline and Term: Survival of Obligations. This agreement is effective when executed by all parties and expires two years thereafter. Landowner's obligations that have come into being before termination, specifically including obligations under paragraphs 4, "5, 6 and 9, will survive expiration. The MCWD retains the right to void the agreement if the construction of the Project is not completed by ____________ [dead line date]. After MCWD notifies Landowner that it intends to void this agreement because of Landowner's failure to complete, Landowners will not be eligible to receive reimbursement for work subject to the agreement unless the MCWD extends, in writing, the construction - completion period. -2038- Minnehaha Creek Watershed District 2 Stormwater BMP Cost -Share Agreement 8. Notices. Any written communication required under this agreement will be addressed to the other party as follows, subject to written notice of a change of address: To the MCWD: Cost -Share Program Specialist Minnehaha Creek Watershed District 15320 Minnetonka Boulevard Minnetonka, MN 55345 To Landowner: [insert Landowner name and address] 9. MCWD Role: Indemnification. The MCWD's role under this agreement is solely to provide funds to support the Project. Review of any design or installation by the MCWD or its representative is solely for the purpose of establishing accountability for MCWD funds expended. Landowner remains fully responsible for the means, method and manner of designing, constructing and operating the Project. Neither the Landowner nor the Landowner's contractor acts as the agent or representative of the MCWD in any manner. Landowner will `indemnify, defend and hold harmless the MCWD, its officers, board members, employees and agents from any and all claims, actions, costs, damages and liabilities of any nature to the degree they are the result of action or inaction by Landowner or its contractor that is the basis for liability in law or equity. 10. Waiver and Rights. The MCWD's failure to insist on the performance of any obligation under this agreement does not waive its right in the future to insist on strict performance of that or any other obligation. Notwithstanding any other term of this agreement, the MCWD waives no immunities in tort. This agreement creates no right in and waives no immunity, defense or liability limit with respect to any third party. 11. Authority to Contract. The person or persons executing this agreement on behalf of Landowner represent that he, she or they are duly authorized to execute this agreement on behalf of Landowner and represent and warrant that this agreement is a legal, valid and binding obligation enforceable according to its terms. -2039- Minnehaha Creek Watershed District 3 Stormwater BMP Cost -Share Agreement Intending to be bound, the parties execute and deliver this agreement. [Insert names] LANDOWNER Name: ILFTM- APPROVED AS TO FORM & EXECUTION District Counsel MINNEHAHA CREEK WATERSHED DISTRICT 0 Administrator Date: -2040 - Minnehaha Creek Watershed District 4 Date: Stormwater BMP Cost -Share Agreement Exhibit A Project Plans and Budget (Project specific final plans and cost estimate, submitted by property owner, to be attached here) -2041 - Minnehaha Creek Watershed District 5 Stormwater BMP Cost -Share Agreement Maintenance Plan & Schedule (Project specific maintenance narrative, maintenance schedule, and reporting requirements) Buffer Areas. Buffer areas described in the Site Plan and Work Plan attached as Exhibit A to the agreement must be maintained as follows: a. The buffer will be maintained in perpetuity free from mowing and other vegetative disturbance except as specified herein, fertilizer application, yard or other waste disposal, the placement of structures, or any other alteration that impedes the function of the buffer in protecting water quality, shading riparian edge areas, moderating flow into an adjacent Wetland or waterbody or providing habitat. b. As feasible, upland plantings will be subject to annual controlled burning to eliminate invasive species; where burning is not feasible, upland plantings will be mowed to control invasive species. Invasive vegetation will be destroyed by spot treatment; herbaceous vegetation 24 inches tall or more will be mowed to a height of 16 inches c. Upland plantings will be replaced` and seeded areas will be reseeded as necessary each spring to maintain ecological health and function and in accordance with a written proposal or plan prepared by the [Landowner /LandownerJand approved by MCWD staff. Stormwater Management facilities. Stormwater management facilities described in the Site Plan and Work Plan attached as Exhibit A to the agreement must be maintained as follows: a. Stormwater retention and detention ponds. [Landowner /LandownerJwill inspect all ponds at least annually. Pond function will be considered inadequate if sediment accumulation has decreased the wet storage volume by 50 percent, or dry detention volume by 25 percent. [Landowner /LandownerJwill restore the basin to its original design elevations and dimensions and restore vegetation in disturbed areas within one year of the inspection date. b. Vegetated swales. [Landowner /LandownerJwill maintain naturally vegetated swales free from mowing or other vegetative disturbance, -2042- Minnehaha Creek Watershed District 6 Stormwater BMP Cost -Share Agreement fertilizer application, yard or other waste disposal, the placement of structures or any other alteration that impedes the function of the vegetated swale. C. Other stormwater facilities. [Landowner /LandownerJwill inspect grit chambers, sump catch basins and sump manholes in the spring, summer and fall, and outlet structures, culverts and other stormwater facilities annually. Accumulated sediment and debris will be removed so that the facility continues to operate as designed. Erosion or structural problems will be corrected. Pervious Pavers and Pervious Concrete. The primary maintenance requirement for permeable pavers is to remove debris and dirt from the surface. Fine debris and dirt accumulate in the openings and reduce the pavement's permeability. Routine maintenance is essential to reduce clogging over time. Pervious pavement areas described in the Site Plan and Work Plan attached as Exhibit A to the agreement must be maintained as follows: a. Limit the amount of leaves, tree litter, and grass clippings on the permeable pavement by sweeping or blowing them off the surface as necessary. This will reduce the amount of material available to clog the surface of the pavement. b. Inspect at least once each year after a major storm and otherwise annually for clogging of the surface. To remedy clogging, vacuum surface openings in dry weather to remove dry, encrusted sediment as necessary; alternatively, use a high - pressure washer to restore permeability of the surface. If necessary, add additional aggregate fill material made up of the same clean materials used in the original installation. C. In larger applications, conventional street sweepers equipped with vacuums, water, and brushes can be used to restore permeability for driveways and are recommended for maintenance of parking lots. Vacuum sweep ideally four (4) times a year, properly disposing of the removed material. d. Damaged interlocking paving blocks that impair the structural integrity of the surface should be replaced. If water stands for an extended period of time, [Landowner /LandownerJwill remove and replace the base materials. e. Avoid the use of de -icing chemicals and sand. By observation, many pervious pavements eliminate ice buildup because melt water can drain through the surface. -2043- Minnehaha Creek watershed District 7 Stormwater BMP Cost -Share Aqreement You can increase the longevity of the system by following the maintenance schedule for vacuum sweeping and high - pressure washing, restricting the area's use by heavy vehicles, limiting the use of de -icing chemicals and sand, and implementing a stringent sediment control plan. Raingardens. The primary maintenance requirement for rain gardens is that of inspection and repair or replacement of the garden's components, plants and mulch. Generally, this involves routine maintenance similar to any landscaped area. Raingardens described in the Site Plan and Work Plan attached as Exhibit A to the agreement must be maintained as follows: a. Raingarden plants should receive approximately I" of water per week during the growing season for the first two years after planting. During years 3 and 4, the plants need only be watered in times of drought. Watering should occur in the morning hours. [Landowner /Landowner) will manually water as necessary to supplement rainfall. b. Visually inspect and repair erosion yearly. Use small stones to stabilize erosion along drainage paths and re mulch any void areas as needed. C. [ Landowner /LandownerJwill inspect annually; keep clean of excess sediment and debris. [Landowner /LandownerJwill replace the top two to five inches of media as necessary if raingarden is not sufficiently draining, so as not to impede filtration of sediment and oils. d. Remove and replace all dead and diseased plantings as necessary each spring to maintain ecological health and function. e. Prune excess growth annually or more often, if desired. Trimmed materials may be recycled back in with replenished mulch, After rainstorms, inspect the cell and make sure that drainage paths are clear and that ponding water dissipates over 24 hours. (Water may pond for longer times during the winter and early spring.) f. Weed regularly, as needed. Green Roof. The green roof described in the Site Plan and Work Plan attached as Exhibit A to the agreement must be maintained in accordance with specifications provided by the installer and /or manufacturer to ensure continued function in accordance with design and construction specifications. Relevant specifications and documentation of continued function must be provided to the MCWD. -2044 - Minnehaha Creek Watershed District B Stormwater BMP Cost -Share Aareement Reporting. [Landowner /Landownerjwill submit to the MCWD annually a brief written report that describes the maintenance activities performed under the Agreement to which this Exhibit is attached, including dates, locations of inspection, maintenance activities performed and photographs of the Project. -2045 - Minnehaha Creek Watershed District 9 Stormwater BMP Cost -Share Agreement 2415 Wilshire Boulevard Mound, MN 55364 (952) 472 -0604 MEMORANDUM To: Honorable Mayorand City Council From: Sarah Smith, Community Development Director Date: August 4, 2015 Re: August 11, 2015 City Council Consent Agenda Item - Permits for 2015 Incredible Festival at Our Lady of the Lake Catholic Church Overview. Rhonda Eurich, on behalf of Our Lady of the Lake Catholic Church (OLL), is requesting approvals for the 2015 Annual Incredible Festival being held on September 11th through September 13th at 2385 Commerce Boulevard. The annual 3 -day festival includes food and beverages, entertainment, carnival rides and a silent auction. The requested permits and /or approvals are as follows: A. Musical Concert Permit (including extended time for music until 10:30 p.m.) B. Seasonal Banner and Portable Sign Permit (including extended time forspecial event sign placement) C. 1 to 4 Day Temporary On -Sale Liquor License Discussion. Lawful Gambling. Council members are advised that OLL also submitted an application for a lawful gambling license for the 2015 festival. This application is eligible for administrative approval and is issued by the State of Minnesota. Tent. A membrane structure /tent permit is required for the open -sided tent but is issued by the Fire Department and requires an inspection. Council approval is not required. Portable Restrooms. (11) portable restrooms will be on site for this year's festival including (2) accessible units. -2046- Signage. Requested signage includes the use of portable signs (sandwich boards / "A' frame signs) at various locations in the City to promote this year's festival. They are also requesting placement of "special event" signage on private property, the placement of a banner over CSAH 110 and use of a crane / boom truck with a temporary (portable) sign to be located on the church property, which can be raised and lowered anywhere from 30 to 110 feet. A copy of the request has been included as an attachment which contains a detailed narrative about the sign proposal for the 2015 festival. As the Council may recall, the current promotional campaign has been in place for several years including the use of the crane /boom truck. For review and consideration, Staff offers the following comments regarding the request: 1. Pennant/ Banner on CSAH 110. City Code Section 119 -4 (i) (3) allows temporary banners and pennants employed for special events as long as they are removed within (30) days unless an alternate schedule is approved by the City Council. Temporary banners and pennants are prohibited from being placed upon any decorative fencing unless the banner or pennant is used in conjunction with a government or quasi - public function. Permits for banners or pennants can be issued no more than four (4) times per calendar year. a. No seasonal banner permits have been issued in 2015 for OLL. b. OLL is requesting approval for the over the road banner across County Road 110 to be put up as soon as possible following Council approval. Staff recommends that the period for the banner be within the 30 -day standard timeframe. 2. Portable Signs. City Code Section 119 -4 (j) allows for the placement of portable signs and is eligible for administrative approval in most instances subject to conditions. Portable signs are subject to a 30 -day allowance. There is no fee for a portable sign permit. • OLL is requesting approval for portable sign placement as soon as possible following Council approval at five locations that are referenced on the temporary sign permit application that was submitted. Staff recommends that the period for portable sign placement be within the 30 -day standard timeframe. • Placement of temporary signage on public property requires approval by the City Manager. Placement of temporary signage on private property requires property owner consent be obtained by the applicant prior to permit issuance and sign placement. Evidence of written consent must be provided to the City. 3. Special Event Yard Signs. City Code Section 119 -6 (i) (6) allows the placement of special event signs on private property subject to the provisions in the City Code which regulates garage sale signs, including a five (5) day allowance period. A permit is not required. • OLL is requesting use of special event signage for several weeks before the event which is beyond the standard five (5) day timeframe. Page 2 -2047- 4. Crane / Boom with Attached Sign. City Code Section 119 -4 does not specifically address this type of signage. However, it was previously classified as a "portable' sign and included as part of the City's past approvals of the temporary sign permit for the annual festival. The crane with the attached signs will be put up on Fri., Sept. 11th and will be taken down on Sun., Sept. 13th. Recommendation. Staff recommends approval of the requested permits for the 2015 Incredible Festival, to include an extended time frame for the Musical Concert Permit until 10:30 p.m. and an extended timeframe beyond the 5 -day allowance for special event sign placement, subject to the following conditions: 1. Applicant shall be responsible for procurement of all required public agency permits that are needed to hold the event s (i.e., the Hennepin County Sheriff's Department and Water Patrol, Hennepin County Transportation, the IMCD, Hennepin County Health and Environmental Services, etc.) 2. Applicant shall be responsible for contacting the Orono Police Department, the Fire Department, and the Public Works Department regarding logistics forthe upcoming event including, but not limited to, equipment and personnel needs, site set -up and staging, traffic /pedestrian control and circulation, etc. Applicant is responsible for payment of fees for public safety or public services that may apply. 3. As applicable, amplified music, speakers, and PA /sound systems are to be directed in the direction best suited to minimize impact upon neighbors. 4. No signage can be placed upon private property unless applicant has received written permission from the private property owner (or designated representative) . Applicant shall also shall be also responsible for providing written verification to the City and is directed to work with the Community Development Director and /or other involved Staff with regard to all proposed temporary signage. 5. Signage placement is subject to review and approval by the City of Mound. No signage shall be placed in a location so as to affect vehicular and pedestrian traffic. The City of Mound reserves the right to modify sign placement in the field. 6. Signage placed outside of the City's approval of the temporary permit shall be subject to removal by the City. 7. The applicant shall be responsible for obtaining a membrane structure /tent permit from the MFD including the required inspection. 8. Payment of the required permit application fees for the 2015 festival. a Page 3 -2048- q M a w(, o b� a F� 0 rrT� LO 0 N ti N H ti ti ❑N F to x �4,z u oV L$ 0 �U U m Ub o o - _ •o� a' Cl °r-, U�o LO I o`� Z ]. ` chi Z LO C '� (y a U, _u "g v't ro a „y W 0) Lo To Q+ N j N W N .b ro a t" ,D O O U C U D` n cn °° o° > E O m 3 c.O E N opi m V Oooi�;o N .o N 6 doy.��.y ,rye rya dS 4 � a,� � d �� a•ti �,+� ati,a o o .r m o °- oO a o ^ m m E a 4•�w U Ub o o - _ •o� a' 0 m 0 U�o LO I o`� Z ]. ` chi Z LO C a U, _u "g v't ro ro ro M W 0) Lo To Q+ N j N W N .b a L p _u ° U 0) .b a N U C U D` n O U 4J C °° o° > E O m 3 c.O E N opi m V N .o N 6 �• d 0 Z m 4 C� O a N°~ E O o °- oO a ^ m m E a C ° 0 °mvm o C- o ID cy°U o aQi °3 o mmyo f m a W E `�ooT h o a�a a°aNiEL.�30000Q yo °V�CC� aQi O m O 0 U '. O °o IR 'Q a� a) C O a^ a p C L O N 'p 0 N 0 .•. ° G 6 N b u 1 N ice. LL Cl) a o. 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Q•1 F V d a U Y N .G 0 0 0 0 w h d b U wee N N U y U N V to H F H W v U m v am d 3 W dvs'iiQF" N N y y N U U U N U U X U_ N U U to M N N M a 3 X F " W v U U bo bO W dvs'iiQF" to P] ' A .O, � a'ivvxxa °3 xXXx•�' U U U U V V •- P �FE= HHFF"Y ;U on Ec o •� � .^ ro u U ti U NN F >, o ) = E c a U U L.' a, rU. � A� ❑ N A U U o N N N �p X F X ti m U v U N � o : c H o a to P] ' A .O, � a'ivvxxa °3 xXXx•�' U U U U V V •- P �FE= HHFF"Y ;U on Ec o •� � .^ ro u U ti U NN F >, o ) = E c a U U L.' a, rU. � A� ❑ N A U U o N N c H o o U �'ciE ca Y q � U U i ? O U v 0 oQn0L) a m�� V L {U Y_ X uj v U C m L N W Y uj 0 cu m L O Q L $100 /day C L J Date of Musical Concert LICENSE # CITY OF MOUND 2415 WILSHIRE BLVD. MOUND, MINNESOTA 55364 MUSICICAL CONCERT PERMIT APPLICATION (Including, but not limited to, live music, music provided by a disc jockey, and /or any type of amplified music) EVENT: ��U(��Q L) F i 111 1 t � tt y LC'A )U+rz- k LOCATION OF MUSICAL CONCERT: pu r Lac) \l r,�" p �--r M3, 0C, 12 0)1-0 t-} DaK) i'r> TYPE OF MUSICICAL CONCERT: '�� l i b Iti Y�i 1(= } e i zt , ytz t110, �: i `� TIME PERIOD OF MUSICAL CONCERT �t i ?J�0��7 (HOURS PERMITTED: Mon- Sun: 7:00 am -10:00 pm) 6wi REQUESTED EXTENSION OF HOURS: Ya Qn G,i Lr7 �+ . a n (Council approval must be received to conduct a musical concert after 10:00 pm) e � APPLICANT: (t L(f L � 'J �'�7i L kK� CONTACT: 1��6))6011 � c Mw7 ADDRESS: �% J 4tll{j��CS)) % /}CtADDRESS:�C6t)Ch E -MAIL r� I t 1" i G �1 � c U c t a C cf, -{ "ke_ ( o e�p ^yt 11 HOME #: WORK PHONE #: -PHONE l VLF — Date Applicant's Signature Department Review Approved Denied Police Dept. Adm. Fire Dept. -2052- /1'G '�IU XJNESOTAUEPpPTMENTOF:AU6UC 5GFETM S Minnesota Department of Public Safety Alcohol and Gambling Enforcement Division 445 Minnesota Street, Suite 222, St. Paul, MN 55101 651 - 201 -7500 Fax 651- 297 -5259 TTY 651- 282 -6555 APPLICATION AND PERMIT FOR A 1 DAY TO 4 DAY TEMPORARY ON -SALE LIQUOR LICENSE Name of organization Date organized Tax exempt number Our Lady of the Lake Church Jan 1, 1909 I I I Address City State Zip Code 2385 Commerce Blvd. 40_"44 _ I Minnesota 55364 Name of person making application Business phone Home phone .Rhonda M. Eurich, Administrator 1 952- 472 -1284 612- 269 -4617_ �hdrid� Date(s) of event Type of organization September 11, 12 and 13 of 2015 E] Club [] Charitable ® Religious Other non - profit Organization officer's name Tony O'Neill State Zip Location where permit will be used. If an outdoor area, describe. Parking lot of Our Lady of the Lake Church and School. Outdoor food, carnival rides, with separate Beer Tent. If the applicant will contract for intoxicating liquor service give the name and address of the liquor license providing the service. � Wr , V i J�• �� 'r alY D Sbu� i�ra✓nbnp ��tr5 ±1i s$ J7'TCl if the applicant will carry liquor liability insurance please provide the carrier's name and amount of coverage. APPROVAL APPLICATION MUST BE APPROVED BY CITY OR COUNTY BEFORE SUBMITTING TO ALCOHOL AND GAMBLING ENFORCEMENT City or County approving the license Date Fee Paid Date Approved Permit Date City or County E -mail Address City or County Phone Number Signature City Clerk or County Official Approved Director Alcohol and Gambling Enforcement CLERKS NOTICE: Submit this form to Alcohol and Gambling Enforcement Division 30 days prior to event. ONE SUBMISSION PER EMAIL, APPLICATION ONLY. PLEASE PROVIDE A VALID E -MAIL ADDRESS FOR THE CITY /COUNTY AS ALL TEMPORARY PERMITAPPROVALS WILL BE SENT BACK VIA EMAIL. E -MAIL THE APPLICATION SIGNED BY CITY /COUNTY TO AGE. TEMPORARYAPPLICATIONcaSTATE .MN.US -2053- Page 1 of 1 Our Lady of the Lake Church 2385 Commerce Blvd. Mound, MN 55364 July 27, 2015 AUG 3 : 2015 To: The City of Mound 5341 Maywood Rd. Mound, MN 55364 We are in the process of planning for the upcoming 36th year of our Incredible Festival, held Friday evening, Saturday and Sunday, September I Ith,12`h & 13`h. The Committee would like to have a sign held up by a crane, as we have in the past years. This crane is owned and operated by Mr. Bernie Hanson of Rocket Crane Service. The crane is mounted on a truck, and the boom can be raised anywhere from 30 to 110 feet. The truck will be positioned in an enclosed area, by our pastor's garage, with the only access being from Commerce Blvd. The truck will be locked and secured. If inclement weather, such as high winds or storms appear, the boom will be lowered. It will be put up on Friday September 11`h, and then taken down on Sunday, September 13`h. If there are any questions about the crane, Mr. Bernie Hanson of 3555 Tuxedo Rd. in Mound would be glad to answer them. We also have five A -frame signboards that are four feet high and four feet wide. These freestanding signs will be positioned: -by the depot -by Super America -by Crow River Bank -by the vacant lot across from PDQ -by Our Lady of the Lake Church We also have an over- the - street banner across Hwy. 4110 and Highland Blvd. We also ask parishioners to display `yard signs' on their property for several weeks before the event, and they are promptly removed after the festival is over. I have attached the completed sign permit for the City. I appreciate your help. If there are any questions, please feel free to contact. Sincerely, h Rh nda M. �Eurich Administrator at Our Lady of the Lake Church 952.472.1284 ext.161 reurich(aourladvofthelake.com (new email address) 2054- 5341 Maywood Road, Mound, MN 55364 Phone 952 - 472 -0600 Fax 952 - 472 -0620 AUG 3 20 15 APPLICATION SITE Property Address _2385 Commerce Blvd. Zone Business Name _Our Lady of the Lake Church Phone 952- 472 -1284 APPLICANT Name _Rhonda M. Eurich, Administrator_ Email _reurich @ourladyofthelake.com Phone 952- 472 -1284 ext.161_Fax_952- 472 -1216 Other OWNER Name _Our Lady of the Lake Church I Phone above Fax Other SIGN Company Name _above CONTRACTOR Address Contact Person Email Phone Fax Other See City code chapter 19 -4 X Seasonal Sign $25 - Dates from ASAP to _9/14/15 Size _1'_ feet x –2'—feet = _2_sf Message _Yard signs Seasonal Signs - Seasonal signs of a temporary or portable nature may be used in the non - residential districts to promote or advertise on- premise seasonal services or merchandise. Such signs shall be limited to a maximum of thirty -two (32) square feet and shall not be left in place for more than a two (2) month period. Permits and fees shall be required for all seasonal signs, and permits may be issued no more than two (2) times per calendar year per business. X Banner /Pennant $25 - Dates from _ASAP to _9/14/15 Describe event Sign locations (list or attach map) Temporary banners and pennants employed for grand openings of business establishments, special events or promotions and holidays are not exempt from permits and fees and shall be removed within fifteen (15) days upon permit issuance unless an alternate schedule is approved by the City Council. Temporary banners and pennants are prohibited from being placed upon any decorative fencing unless the banner or pennant is used in conjunction with a government, a quasi - public function, or similar- related special event. Permits for banners and pennants can be issued no more than four (4) times per calendar year. X Portable Sign (no fee) - Dates from ASAP_ to _9/14115_ Number of signs 5 Sign locations (list or attach map) _on attached Describe sign (message, materials, etc.) _A -frame signs that are 4' by 4' freestanding signs -2055- Portable Signs used for the purpose of directing the public may be permitted under the following conditions: (a) Said sign is coincidental to, or used in conjunction with, a governmental unit or quasi - public function; and (b) The period of use of said sign shall not exceed ten (10) consecutive days; and (c) Signs shall not be used more than four (4) times during a calendar year; and (d) Signs shall be placed on the premises of the advertised event and/or on such other premises following approval of a temporary sign permit by the City of Mound. Administrative approval of a portable sign permit is permitted if the following conditions are met: 1. The sign is not being placed on public property. 2. Written permission from the property owner of record is provided if being located off - premises. 3. The criteria reference in subsections (a), (b), and (c) above are met. 4. The proposed location of the sign is reviewed and deemed acceptable by Mound Staff, which shall include the Police, Planning, and Engineering Departments, based on the following criteria: • The sign is not being placed in the road right -of -way. • The sign does not obstruct the sight triangle for pedestrian or vehicular traffic. • Placement of the sign does not create any potential traffic or other related hazard, and (e) Portable sign placement on public property requires City Council approval; and (f) Such signs shall require the issuance of a permit but will be exempt from all fees; and (g) In the instance of a multi -use facility, only one seasonal sign may be placed on the premises at any one time. Applicants are advised that incomplete applications or insufficient information can delay the processing of the permit request or may result in the application being rejected. Please fully complete all involved sections of the application and provide as much detail as possible, including, but not limited to, the proposed locations of signs, using addresses or landmarks, and written permission from the property owner for off -site locations. (OFFICE USE ONLY) SPECIAL CONDITIONS & COMMENTS: July 27, 2015 DATE RECEIVED BY & DATE PLANS CHECKED BY APPROVED BY & DATE COPIED APPROVED ZONING -2056- Executive Summary TO: Mound City Council and Staff FROM: Sarah Smith, Community Development Director Rita Trapp, Consulting City Planner DATE: August 4, 2015 SUBJECT: Planning Case No. 15 -13 iH Ei August 11, 2015 City Council Consent Agenda Item - Action on Resolution Denying Variance for 1729 Dove Lane The applicant, Mike Mann, from Lecy Brothers, on behalf of owner, Dr. Karin Schallreuter, has requested a variance to allow the construction of a 20 by 24 foot attached garage and a 10 by 15 foot mudroom addition for the property at 1729 Dove Lane. The City Council considered the request at its July 28, 2015 meeting and directed Staff to prepare and bring back a resolution of denial for the application for action by the City Council. -2057- RESOLUTION NO. IS- RESOLUTION DENYING VARIANCE FOR 1729 DOVE LANE PLANNING CASE NO. 15 -13 PID NO. 13- 117 -24 -13 -0050 WHEREAS, the applicant, Mike Mann of Lecy Brothers, on behalf of owner, Dr. Karin Schallreuter, submitted a request for a variance to allow the construction of a 20 by 24 foot attached garage and a 10 by 15 foot mudroom and dinette addition at 1729 Dove Lane; and WHEREAS, the 20,049 square foot property is located in the R -1A single - family residential zoning district; and WHEREAS, the existing home was built on the property in 1922 and is in a conforming location according to current setback requirements; and WHEREAS, there is an area to the north of the home approximately 25 feet by 90 feet in size within which an addition and attached garage could be built; and WHEREAS, City Code Section 129 -39 (a) identifies the following criteria to be used when evaluating requests for variances: ; and (1) The variance proposed meets the criteria for Practical Difficulties as defined in City Code Sub.129 -2. (2) Granting of the variance requested will not confer on the applicant any special privilege that is denied by this chapter to owners of other lands, structures or buildings in the same district nor be materially detrimental to property within the same zone. (3) The variance requested is the minimum variance which would alleviate the practical difficulty. (4) A variance shall only be permitted when it is in harmony with the general purposes and intent of the zoning ordinance and when the terms of the variance are consistent with the comprehensive plan. -2058- WHEREAS, "practical difficulties" is defined in City Code Section 129 -2 as follows: Practical Difficulties, as used in conjunction with a variance, means that: (i) The property owner proposes to use the property in a reasonable manner not permitted by the zoning ordinance; (ii) The plight of the landowner is due to circumstance unique to the property including unusual lot size or shape, topography or other circumstances not created by the landowner; and (iii) The variance, if granted, will not alter the essential character of the locality. Economic considerations alone do not constitute practical difficulties. Practical difficulties include, but are not limited to, inadequate access to direct sunlight for solar energy systems. WHEREAS, details regarding the requested variance for the proposed project are contained in the Planning Commission report for the July 7, 2015 meeting and the submitted application and supporting materials from the applicant; and WHEREAS, the variance request was reviewed by the Planning Commission at its July 7, 2015 meeting; and WHEREAS, the Planning Commission unanimously voted to recommend Council denial of the variance; and WHEREAS, the City Council reviewed the variance request at its July 28, 2015 meeting and determined that the variance request did not meet the criteria set forth in City Code Section 129 -39 (a); and WHEREAS, the City Council's decision on the variance application was made within the timelines included in Minnesota Statutes 15.99. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Mound does hereby deny the variance request with the following findings of fact: 1. The criteria included in City Code Section 129 -39 (a) have not been met. 2. The variance requested is not the minimum variance needed to alleviate the practical difficulty as there is available space within the buildable area of the lot for the proposed detached garage and addition to be built. -2059- 3. The legal description as set forth below is incorporated into this Resolution: Lofts 6,7,8,& 9, Block 11, Also the adjacent port of Wiota common lying between the Southwesterly extension of the Westerly line of said Lot 9 and the Southwesterly extension of the centerline of Dove Lone. Adopted by the City Council this 11th day of August, 2015. Attest: Catherine Pausche, Clerk Mark Wegscheid, Mayor -2060- 2415 Wilshire Boulevard Mound, MN 55364 (952) 472 -0604 MEMORANDUM To: Honorable Mayor and City Council From: Sarah Smith, Community Development Director Date: August 5, 2015 Re: August 11, 2015 City Council Consent Agenda Item — Fishers of Men Team Fishing Tournament at Centerview Beach Summary. A Public Gathering Permit application was submitted by Joel Lemmerman, requesting use of Centerview Beach for an additional Fishers of Men fishing tournament being held on Saturday, August 29, 2015 from 12:00 p.m. to 5:00 p.m. Details. • Members may recall the Fishers of Men held a fishing tournament in June which included use of Centerview Beach as the weigh -in station. All public launches on Lake Minnetonka will be used for the fishing tournament with Centerview Beach being used as the weigh -in station. Members may also recall that this group has used Centerview Beach in previous years. • A permit application fee of $300 and $500 damage deposit was paid by the applicant for the 1 -day event. • Expected attendance is 50 -100 people. • Staff has been informed about upcoming event, Additionally, Staff contacted the Lake Minnetonka Conservation District, the Hennepin County Transportation Department and the Hennepin County Sheriffs Water Patrol about the event. • The beach will remain open during the event. Recommendation. Staff recommends approval of the requested permit, subject to the following conditions: 1. Applicant shall be responsible for procurement of all required local and public agency permits that are needed to hold the event. Applicant shall provide copies of all said permits to the City prior to the issuance and release of the Public Gathering Permit. -2061- 2. Applicant shall work with the Orono Police Department, the Fire Department, and and the Public Works Department regarding any and /or all logistics for the upcoming event including, but not limited to, equipment and personnel needs, site set -up and staging, traffic /pedestrian control and circulation, etc. Applicant is responsible for payment of fees for public safety or public services that may apply. 3. As applicable, amplified music, speakers and PA /sound systems are to be directed in the direction best suited to minimize impact upon neighbors. 4. Placement of any and /or all temporary signs shall be subject to regulations contained in City Code Chapter 119 and may include issuance of a permit and payment of the required fee. Applicant shall work with the Community Development Department to determine if a temporary sign permit is required. 5. No signage can be placed upon private property unless permission from the private property owner and /or other interested party has been provided to the applicant who shall be responsible for obtaining same. 6. Signage placement is subject to review and approval by the City of Mound. No signage shall be placed in a location so as to affect vehicular and pedestrian traffic. The City of Mound reserves the right to modify sign placement in the field. 7. Signage placed outside of the City's approval of the temporary permit shall be subject to removal by the City. 8. The submittal of a Certificate of Insurance, naming the City of Mound as an additional insured, is required and shall be provided prior to the release and issuance of the Public Gathering Permit. Required insurance and coverage shall be in accordance with the City's established policies. Applicant to work with Finance Director Catherine Pausche regarding the form and required amounts for the Certificate of Insurance. 9. Applicant is advised that no special parking approvals in the park area or on local streets are being granted as part of the Council's approval of the Public Gathering Permit. 10. If different from the application, contact information, including name and cell phone number, for the person(s) who will be on site the day of the event shall be provided prior to the release of the Public Gathering Permit. a Page 2 -2062- CITY OF MOUND 5341 MAYWOOD ROAD MOUND, MINNESO'T'A 5536=4 PUBLIC GATHERING PBRiMIT Use of a public park or commons by any group consisting of 15 or more individuals. Use is not to interfere with traffic and general use of the park or commons or to be beyond the ability of the police in maintaining order. NO LIQUOR OR BEER MAY BE USED IN ANY OF TIE CITY PARKS OR BUILDINGS. Group is to to remr and trash and provide a deposit to insure cleaning up of the part: area. PFRNQPr FEE: $300 /DA TO $600 /DAY* DEPOSIT: $500 TO $1000 /DAY* . _ — _ *Permit fee and damage deposit amount to be determined by City Manager and City Staff upon receipt of application stating specific use and requirements. Date(s) of Use - ak): Area to be Used Time Frame_ k)G(3fx\) 60 r intended Use e Expected Attendance �� e O L- Organ izatioin_ �l5�tz�5 c"3— Representative's Name Address Telephone No. Hoi�� 7,/ 6j- -5q Drivers License Num Departmental Approval City Clerk Police Dept. Park Dept. Fire Dept. MEMORANDUM Date: August 6, 2015 To: City Mayor and City Council From: Catherine Pausche, Director of Finance and Administrative Services Subject: 2015 Bond Issues - Sale Date August 11, 2015 The Council has approved two bond issues for 2015: $8,790,000 General Obligation Bonds, Series 2015A, will fund the 2015 utility improvements, street and retaining wall improvements, and refund the 2006A and 2007A G.O. bonds for interest rate savings. m $2,720,000 General Obligation Tax Abatement Bonds, Series 2015B, will refund the 2006 ARA Limited Tax Pledge Bonds (Mound Transit Center) for significant interest savings and a slightly reduced term. Stacie Kvilvang, Senior Municipal Advisor and Director for Ehlers, will be present at Tuesday's meeting with the results of the bond sale and updated resolutions reflecting the actual debt schedules. It should be noted that Standard & Poor's Rating Agency affirmed our AA Stable bond rating, a copy of the report of which is attached for the public record. -2064- STANDARD &POOR`S RATINGS SERVICES WGRAW HILL FINANCIAL Mound, • .l Wigation Primary Credit Analyst: Errol R Ame, New York (1) 212- 438 -2379; errol.arne @stmdardandpoors.com Secondary Contact: Anna Uboytseva, Chicago (1) 312 - 233 - 7067; anna.uboytseva @standardandpoors.com Table Of Contents _..........._ ............ ..... ................._................ ............ ............... ........ Rationale Outlook Related Criteria And Research -2065 - WWW.STANDARDANDPOORS.COM/RATINGSDIRECT JULY24,201S 1 1423839 1 3!10302073 Mound, Minnesota; General Obligation -1 B US$8.785 mil GO bnds ser 2015A dtd 08/18/2015 due 02/01/2036 Long Term Rating AA /Stable New US$2.715 mil GO tax abatement bnds set 2015B did 08/18/2015 due 02/01/2036 Long Term Rating AA /Stable New Mound GO Long Term Rating AA /Stable Affirmed Rationale Standard & Poor's Ratings Services assigned its 'AA' long -term rating to Mound, Minn.'s series 2015A general obligation (GO) bonds and series 2015B GO tax abatement bonds. At the same time we affirmed our'AA' long -term rating on the city's existing GO debt. The outlook is stable. A pledge of the city's full- faith - credit - and - resources and an agreement to levy ad valorem property taxes without limitation as to rate or amount secure both series of bonds. For series 2015A, the city will pledge special assessments against benefitted properties and net revenues of the utility systems. For series 2015B, the city anticipates that the debt service will be paid from abating the city's portion of taxes from specific parcels, which will benefit from the development of the project. Our rating is based on the city's full- faith- credit - and - resource GO pledge. It is our understanding that officials will use bond proceeds for the series 2015A to finance various public improvements within the city and to refund the series 2006A and series 2007A for interest cost savings only It is our understanding that officials will use bond proceeds for the series 2015B to refund the series 2006 GO bonds for interest cost savings only. The long -term rating reflects our assessment of the following factors for the city: • Very strong economy, with access to a broad and diverse metropolitan statistical area (MSA); • Strong management, with "good" financial policies and practices under our Financial Management Assessment methodology; • Strong budgetary performance, with operating surpluses in the general fund and at the total governmental fund level; • Very strong budgetary flexibility, with an available fund balance in fiscal 2014 of 46% of operating expenditures; • Very strong liquidity, with total government available cash of 113.9% of total governmental fund expenditures and 3.5x governmental debt service, and access to external liquidity we consider strong; • Weak debt and contingent liability position, with debt service carrying charges of 33.0% of expenditures and net direct debt that is 492.5% of total governmental fund revenue, but rapid amortization with 69.2% of debt scheduled to be retired in 10 years; and • Strong institutional framework score. 2066- WWW, STANDARDANDPOORS .COM /RATINGSDIRECT JULY 24, 2015 2 142383! 1 30038207S Summary: Mound, Minnesota; General Obligation Very strong economy We consider Mound's economy very strong. The city, with an estimated population of 9,251, is in Hennepin County in the Minneapolis -St. Paul- Bloomington, Minn. -Wis. MSA, which we consider to be broad and diverse. The city has a projected per capita effective buying income of 146% of the national level and per capita market value of $124,452. Overall, the city's market value grew by 7.3% over the past year to $1.2 billion in 2015. The county unemployment rate was 3.7% in 2014. The city is 3.18 square miles on the western shores of Lake Minnetonka and is about 20 miles west of Minneapolis -St. Paul. The city has a limited, but stable, employment base: The local school district and a private golf club have the most employees in the city. Given its location, residents can commute to, and around, the greater Minneapolis -St. Paul MSA for employment opportunities. Officials expect the net tax capacity to continue to have moderate increases over the next few years. Strong management We view the city's management as strong, with "good" financial policies and practices under our Financial Management Assessment methodology, indicating financial practices exist in most areas, but that governance officials might not formalize or monitor all of them on a regular basis. The city performs a line by line approach for its budgetary process with each department and utilizes the prior three years of historical information to assist. The budget can be amended if needed but the city rarely has to amend. The council is updated on a budget to actual result on a monthly basis. The city doesn't have a formal long -term financial plan that is updated annually and reported to city council but the city did perform a budget plus four -year financial plan in 2012 and will be updating another five -year plan when it writes the fiscal 2016 budget. The city has a long -term capital plan, which is five years long and is reviewed each year by the council in a workshop setting with identified sources and uses. The city does have its own investment policy and reports on a monthly basis to its council members the holdings and performance. The city does not have a debt management policy but adheres to state guidelines. The city has a formal reserve policy, which states that it is the city's general guideline to maintain an unassigned general fund balance of not less than 20% of budgeted operating expenditures; however, this need could fluctuate with each year's budget objectives. This policy was derived for cash flow purposes. Strong budgetary performance Mound's budgetary performance is strong in our opinion. The city had operating surpluses of 4.6% in the general fund and 2.3% across all governmental funds in fiscal 2014. The city has budgeted for a deficit of 2.1% in the general fund for fiscal 2015, which is slightly worse than what was budgeted in 2014. Officials are projecting that results for fiscal 2015 could be breakeven and we have witnessed the actual results to be better than what had been budgeted in 2014 and 2013. Results for 2014 ended in a surplus after initially budgeting for a deficit and officials cite higher tax, license, and permit revenues than expected as well as lower -2067 - WWW.STANDARDANDPOORS.COM/RATINGSDIRECT JULY 24, 2015 3 1423834 [ 300382071 Summary: Mound, Minnesota; General Obligation expenses. Management states that the 2016 budget should be similar to 2015. The city expects total government fund results in 2015 to be similar to prior year's outcomes. Very strong budgetary flexibility Mound's budgetary flexibility is very strong, in our view, with an available fund balance in fiscal 2014 of 46% of operating expenditures, or $2.2 million. We expect the available fund balance will remain above 30% of expenditures for the current and next fiscal years, which we view as a positive credit factor. The city has held reserves in excess of 35% of general fund operating expenditures and transfers out for the past three fiscal years. Despite the budgeted deficit for fiscal 2015 and possible adoption of a deficit for fiscal 2016, we expect the city's budgetary flexibility to remain very strong as we have seen better than budgeted results for the city the past two years; we expect reserves to remain above 35% of operating expenses and transfers out. Very strong liquidity In our opinion, Mound's liquidity is very strong, with total government available cash of 1119% of total governmental fund expenditures and 3.5x governmental debt service in 2014. In our view, the city has strong access to external liquidity if necessary. The city has been issuing GO debt for the past 10 years and is a frequent issuer. We do not expect the city's cash position to change much over the next two years as a percentage of total government expenditures and debt service. The city's cash and cash equivalents are considered to be cash on hand, demand deposits and short -term investments, all of which we consider not risky. Weak debt and contingent liability profile In our view, Mound's debt and contingent liability profile is weak. Total governmental fund debt service is 33.0% of total governmental fund expenditures, and net direct debt is 492.5% of total governmental fund revenue. About 69.2% of the direct debt is scheduled to be repaid within 10 years, which is in our view a positive credit factor. Management has confirmed the city has no alternative financings. The city participates in the Public Employees Retirement Association of Minnesota and offers other postemployment benefits (OPEBs) through a defined - benefit health care plan administered by a consortium of Minnesota local government units. It is our understanding that the city could issue up to $10.7 million of GO bonds over the next two years for street and utility projects. Mound's combined pension and other postemployment benefits (OPEB) contributions totaled 1.9% of total governmental fund expenditures in 2014. The city made its full annual required pension contribution in 2014. Strong institutional framework The institutional framework score for Minnesota cities with a population greater than 2,500 is strong. Outlook The stable outlook reflects our view that the city will maintain its very strong budget flexibility liquidity and economic -2068 - WWW. STANDARDANDPOORS .COM /ILATINGSDIRECT JULY 24, 2015 4 1423834 X300382073 Summary: Mound, Minnesota; General Obligation profile. We do not expect to revise the rating within the two -year outlook period but if the debt profile of the city materially improves to a level that we would consider adequate, the rating could be raised, but in our view this is unlikely during the two -year outlook period. The rating could be pressured if the debt profiled deteriorated to a level we consider very weak and if the budgetary performance fell to a level we consider weak, the rating could be pressured, although we do not expect this to occur during the outlook period. Related Criteria And Research Related Criteria • USPF Criteria: Local Government GO Ratings Methodology And Assumptions, Sept. 12, 2013 • USPF Criteria: Financial Management Assessment, June 27, 2006 • USPF Criteria: Debt Statement Analysis, Aug. 22, 2006 • USPF Criteria: Assigning Issue Credit Ratings Of Operating Entities, May 20, 2015 • USPF Criteria: Methodology: Rating Approach To Obligations With Multiple Revenue Streams, Nov. 29, 2011 • Criteria: Use of CreditWatch And Outlooks, Sept. 14, 2009 Related Research • S &P Public Finance Local GO Criteria: How We Adjust Data For Analytic Consistency, Sept. 12, 2013 • Institutional Framework Overview: Minnesota Local Governments A' W,sgiMl1`et Mound taxable Go brids ser 2013B • • 05/02/2013 due 02/01/2014-2024 Long Term Rating AA /Stable Mound GO bnds ser 2014A dtd 09/18/2014 due 02/01/2035 Long Term Rating AA /Stable Mound GO rfdg bnds ser 2012B dtd 07/12/2012 due 02/01/2013 -2025 Long Term Rating AA /Stable Mound GO mil & imp bnds ser 2013A dtd 05/02/2013 due 02/01/2015 -2034 Long Term Rating AA /Stable Affirmed Affirmed Affirmed Affirmed Complete ratings information is available to subscribers of RatingsDirect at www.globalcreditportal.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column. -2069- W W W. STAKDARDA %DPOORS.COM /RATIMGSDIRECT JULY 24,2015 5 1423834 1300382073 Copyright © 2015 Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. All rights reserved No content (including ratings, credit - related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S &P). The Content shall not be used for any unlawful or unauthorized purposes. 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S &P's public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of charge), and www.ratingsdirect.com and www.globalcreditportal.com (subscription) and www.spcapitallq.com (subscription) and may be distributed through other means, including As S &P publications and third -party redistributors. Additional information about our ratings fees is available at www. standardandpoors .com /usratingsfees. -2070 - WWW. STANDARDANDPOORS .COM /RATINGSDIRECT JULY 24, 2015 6 1423831 1 30038207, EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL CITY OF MOUND, MINNESOTA HELD: August 11, 2015 Pursuant to due call, a regular or special meeting of the City Council of the City of Mound, Hennepin County, Minnesota, was duly held at the City Hall on August 11, 2015, at 7:00 P.M, for the purpose in part of considering proposals and awarding the sale of $8,790,000 General Obligation Bonds, Series 2015A. The following members were present: and the following were absent: Member introduced the following resolution and moved its adoption: RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $8,790,000 GENERAL OBLIGATION BONDS, SERIES 2015A, PLEDGING FOR THE SECURITY THEREOF SPECIAL ASSESSMENTS AND NET REVENUES AND LEVYING A TAX FOR THE PAYMENT THEREOF A. WHEREAS, the City Council of the City of Mound, Minnesota (the "City ") has heretofore determined and declared that it is necessary and expedient to issue $8,790,000 General Obligation Bonds, Series 2015A for (the "Bonds" or individually, a "Bond "), pursuant to Minnesota Statutes, Chapters 475 and 429 (i) to finance street improvements (the "Improvements ") and pursuant to Minnesota Statutes, Section 444.075, to finance improvements to the utility system (the "Utility Improvements ") and (ii) for a current refunding on September 16, 2015 (the "Call Date ") of the City's $1,600,000 original principal amount of General Obligation Improvement Bonds, Series 2006A, dated April 11, 2006 (the "Prior 2006A Bonds "), and $2,725,000 original principal amount of General Obligation Improvement Bonds, Series 2007A, dated April 5, 2007 (the "Prior 2007A Bonds" and together with the Prior 2006A Bonds, the "Prior Bonds "), which both mature on and after December 1, 2016, and; B. WHEREAS, the Improvements and all their components have been ordered prior to the date hereof, after a hearing thereon for which notice was given describing the Improvements or all their components by general nature, estimated cost, and area to be assessed; and C. WHEREAS, the City owns and operates a municipal water utility system (the "Water System "), a municipal sanitary sewer utility system (the "Sewer System "), and a municipal storm water utility system (the "Storm Water System" and, together with the Water System and the Sewer System, the "System "), as separate revenue producing public utilities and there are outstanding payable from the net revenues of the System: (i) $1,240,000 original principal amount of General Obligation Utility Revenue Bonds, Series 2006B, dated April 11, 2006 (the "2006B Bonds "); (ii) 2,355,000 original principal amount of General Obligation Utility Revenue Bonds, Series 2007B, dated April 5, 2007 (the "2007B Bonds "); (iii) $1,885,000 original principal amount of General Obligation Utility Revenue Bonds, Series 2008C, dated -2071- 7191382v1 June 4, 2008 (the "2008C Bonds "); (iv) $5,060,000 original principal amount of General Obligation Utility Revenue bonds, Series 2009B, dated June 4, 2009 (the "2009B Bonds "); (v) $1,490,000 original principal amount, which is the "System Portion" of the General Obligation Refunding Bonds, Series 201 IA, dated February 2, 2011 (the "2011A Bonds "); (vi) $2,840,000 original principal amount, which is the "System Portion" of the General Obligation Bonds, Series 2011B, dated May 5, 2011 (the "2011B Bonds "); (vii) $4,860,000 original principal amount, which is the "System Portion" of the General Obligation Bonds, Series 2012A, dated July 12, 2012 (the "2012A Bonds "); (viii) $5,505,000 original principal amount, which is the "System Refunding Portion" of the General Obligation Refunding Bonds, Series 2012B, dated July 12, 2012 (the "201213 Bonds "); (ix) $6,270,000 original principal amount, which is the "System Portion" of the General Obligation Utility and Improvement Bonds, Series 2013A, dated May 2, 2013 (the "2013A Bonds "); (x) $2,495,000 original principal amount, which is the "System Portion" of the Taxable General Obligation Bonds, Series 2013B, dated May 2, 2013 (the "201313 Bonds "); (xi) $4,925,000 original principal amount, which is the "System Portion" of the General Obligation Bonds, Series 2014A, dated September 18, 2014 (the "2014A Bonds "); (xii) $3,230,000 original principal amount, which is the "System Portion" of the General Obligation Bonds, Series 2014B, dated September 18, 2014 (the "2014B Bonds ", and together with the 2006B Bonds, the 2007B Bonds, the 2008C Bonds, the 2009B Bonds, the 2011A Bonds, the 2011B Bonds, the 2012B Bonds, the 2013A Bonds, the 2013B Bonds and the 2014A Bonds, the "Outstanding System Bonds "); and D. WHEREAS, (i) $875,000 aggregate principal amount of the Prior 2006A Bonds which matures on and after December 1, 2016 (the 'Refunded 2006A Bonds "), is callable on the Call Date, at a price of par plus accrued interest, as provided in the Resolution adopted by the City Council on March 4, 2006, authorizing the issuance of the Prior 2006A Bonds (the 'Prior 2006A Resolution "); and (ii) $1,660,000 aggregate principal amount of the Prior 2007A Bonds which matures on and after December 1, 2016 (the 'Refunded 2007A Bonds "), is callable on the Call Date, at a price of par plus accrued interest as provided in the resolution adopted by the City Council on March 13, 2007, authorizing the issuance of the Prior 2007A Improvement Bonds (the 'Prior 2007A Resolution" and together with the Prior 2006A Resolution, the 'Prior Resolutions "); and E. WHEREAS, the refunding of the Refunded 2006A Bonds and the Refunded 2007A Bonds (together, the 'Refunded Bonds ") on the Call Date is consistent with covenants made with the holders thereof, and is necessary and desirable for the reduction of debt service cost to the City; and F. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ('Ehlers "), as its independent financial advisor for the sale of the Bonds and was therefore authorized to sell the Bonds by private negotiation in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9) and proposals to purchase the Bonds have been solicited by Ehlers; and G. WHEREAS, the proposals set forth on Exhibit A attached hereto were received by the City Manager, or designee, at the offices of Ehlers at 11:00 A.M. on the date hereof, pursuant to the Preliminary Official Statement, dated July 30, 2015, established for the Bonds; and -2072- 2 7191382v1 H. WHEREAS, it is in the best interests of the City that the Bonds be issued in book- entry form as hereafter provided. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mound, Minnesota, as follows: 1. Acceptance of Proposal. The proposal of (the "Purchaser "), to purchase the Bonds in accordance with the Preliminary Official Statement established for the Bonds, at the rates of interest hereinafter set forth, and to pay therefor the sum of $ , plus interest accrued to settlement, is hereby found, determined and declared to be the most favorable proposal received and is hereby accepted, and the Bonds are hereby awarded to the Purchaser. The City Manager is directed to retain the deposit of the Purchaser and to forthwith return to the unsuccessful bidders their good faith checks or drafts. 2. Bond Terms. (a) Original Issue Date• Denominations; Maturities; Term Bond Option. The Bonds shall be dated September 10, 2015, as the date of original issue, be issued forthwith on or after such date in fully registered form, be numbered from R -1 upward in the denomination of $5,000 each or in any integral multiple thereof of a single maturity (the "Authorized Denominations ") and mature on February 1 in the years and amounts as follows: Year 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Amount Year 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Amount As may be requested by the Purchaser, one or more term Bonds may be issued having mandatory sinking fund redemption and final maturity amounts conforming to the foregoing principal repayment schedule, and corresponding additions may be made to the provisions of the applicable Bond(s). (b) Allocation. The aggregate principal amount of $ maturing in each of the years and amounts hereinafter set forth are issued to finance the Improvements (the "Improvement Portion"); the aggregate principal amount of $ maturing in each of the years and amounts hereinafter set forth are issued to finance the Utility Improvements (the "Utility Portion "); the aggregate principal amount of $ maturing in each of the -2073- 3 7191382vt years and amounts hereinafter set forth are issued to finance the refunding of the Refunded 2006A Bonds (the "2006A Refunding Portion "); and the aggregate principal amount of $ maturing in each of the years and amounts hereinafter set forth are issued to finance the refunding of the Refunded 2007A Bonds (the "2007A Refunding Portion "): Year Improvement Utility Portion 2006A 2007A Total Portion Amount Refunding Refunding Amount Amount Portion Portion Amount Amount 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2030 2031 2032 2033 2034 2035 2036 If Bonds are prepaid, the prepayments shall be allocated to the portions of debt service (and hence allocated to the payment of Bonds treated as relating to a particular portion of debt service) as provided in this paragraph. If the source of prepayment moneys is the general fund of the City, or other generally available source, the prepayment may be allocated to either or both of the portions of debt service in such amounts as the City shall determine. If the source of a prepayment is special assessments pledged to and taxes levied for the Improvements, the prepayment shall be allocated to the Improvement Portion of debt service. If the source of a prepayment is excess net revenues of the System pledged to the Utility Improvements, the prepayment shall be allocated to the Utility Portion of debt service. If the source of the prepayment is special assessments pledged to and taxes levied for the 2006A Refunding Bonds, the prepayment shall be allocated to the 2006A Refunding Portion of debt service. If the source of the prepayment is special assessments pledged to and taxes levied for the 2007A Refunding Bonds, the prepayment shall be allocated to the 2007A Refunding Portion of debt service. -2074- 4 7191382v1 (c) Book Entry OnlySystem. The Depository Trust Company, a limited purpose trust company organized under the laws of the State of New York or any of its successors or its successors to its functions hereunder (the "Depository ") will act as securities depository for the Bonds, and to this end: (i) The Bonds shall be initially issued and, so long as they remain in book entry form only (the 'Book Entry Only Period "), shall at all times be in the form of a separate single fully registered Bond for each maturity of the Bonds; and for purposes of complying with this requirement under paragraphs 5 and 10 Authorized Denominations for any Bond shall be deemed to be limited during the Book Entry Only Period to the outstanding principal amount of that Bond. (ii) Upon initial issuance, ownership of the Bonds shall be registered in a bond register maintained by the Bond Registrar (as hereinafter defined) in the name of CEDE & CO, as the nominee (it or any nominee of the existing or a successor Depository, the "Nominee "). (iii) With respect to the Bonds neither the City nor the Bond Registrar shall have any responsibility or obligation to any broker, dealer, bank, or any other financial institution for which the Depository holds Bonds as securities depository (the "Participant ") or the person for which a Participant holds an interest in the Bonds shown on the books and records of the Participant (the 'Beneficial Owner "). Without limiting the immediately preceding sentence, neither the City, nor the Bond Registrar, shall have any such responsibility or obligation with respect to (A) the accuracy of the records of the Depository, the Nominee or any Participant with respect to any ownership interest in the Bonds, or (B) the delivery to any Participant, any Owner or any other person, other than the Depository, of any notice with respect to the Bonds, including any notice of redemption, or (C) the payment to any Participant, any Beneficial Owner or any other person, other than the Depository, of any amount with respect to the principal of or premium, if any, or interest on the Bonds, or (D) the consent given or other action taken by the Depository as the Registered Holder of any Bonds (the "Holder'). For purposes of securing the vote or consent of any Holder under this Resolution, the City may, however, rely upon an omnibus proxy under which the Depository assigns its consenting or voting rights to certain Participants to whose accounts the Bonds are credited on the record date identified in a listing attached to the omnibus proxy. (iv) The City and the Bond Registrar may treat as and deem the Depository to be the absolute owner of the Bonds for the purpose of payment of the principal of and premium, if any, and interest on the Bonds, for the purpose of giving notices of redemption and other matters with respect to the Bonds, for the purpose of obtaining any consent or other action to be taken by Holders for the purpose of registering transfers with respect to such Bonds, and for all purpose whatsoever. The Bond Registrar, as paying agent hereunder, shall pay all principal of and premium, if any, and interest on the Bonds only to the Holder or the Holders of the Bonds as shown on the bond register, and all such payments shall be valid and -2075- 5 7191382v1 effective to fully satisfy and discharge the City's obligations with respect to the principal of and premium, if any, and interest on the Bonds to the extent of the sum or sums so paid. (v) Upon delivery by the Depository to the Bond Registrar of written notice to the effect that the Depository has determined to substitute a new Nominee in place of the existing Nominee, and subject to the transfer provisions in paragraph 10, references to the Nominee hereunder shall refer to such new Nominee. (vi) So long as any Bond is registered in the name of a Nominee, all payments with respect to the principal of and premium, if any, and interest on such Bond and all notices with respect to such Bond shall be made and given, respectively, by the Bond Registrar or City, as the case may be, to the Depository as provided in the Letter of Representations to the Depository required by the Depository as a condition to its acting as book -entry Depository for the Bonds (said Letter of Representations, together with any replacement thereof or amendment or substitute thereto, including any standard procedures or policies referenced therein or applicable thereto respecting the procedures and other matters relating to the Depository's role as book -entry Depository for the Bonds, collectively hereinafter referred to as the "Letter of Representations "). (vii) All transfers of beneficial ownership interests in each Bond issued in book -entry form shall be limited in principal amount to Authorized Denominations and shall be effected by procedures by the Depository with the Participants for recording and transferring the ownership of beneficial interests in such Bonds. (viii) In connection with any notice or other communication to be provided to the Holders pursuant to this Resolution by the City or Bond Registrar with respect to any consent or other action to be taken by Holders, the Depository shall consider the date of receipt of notice requesting such consent or other action as the record date for such consent or other action; provided, that the City or the Bond Registrar may establish a special record date for such consent or other action. The City or the Bond Registrar shall, to the extent possible, give the Depository notice of such special record date not less than 15 calendar days in advance of such special record date to the extent possible. (ix) Any successor Bond Registrar in its written acceptance of its duties under this Resolution and any paying agency/bond registrar agreement, shall agree to take any actions necessary from time to time to comply with the requirements of the Letter of Representations. (x) In the case of a partial prepayment of a Bond, the Holder may, in lieu of surrendering the Bonds for a Bond of a lesser denomination as provided in paragraph 5, make a notation of the reduction in principal amount on the panel provided on the Bond stating the amount so redeemed. - 206 76- 71913E2v1 (d) Termination of Book -Entry Only System. Discontinuance of a particular Depository's services and termination of the book -entry only system may be effected as follows: (i) The Depository may determine to discontinue providing its services with respect to the Bonds at any time by giving written notice to the City and discharging its responsibilities with respect thereto under applicable law. The City may terminate the services of the Depository with respect to the Bond if it determines that the Depository is no longer able to carry out its functions as securities depository or the continuation of the system of book -entry transfers through the Depository is not in the best interests of the City or the Beneficial Owners. (ii) Upon termination of the services of the Depository as provided in the preceding paragraph, and if no substitute securities depository is willing to undertake the functions of the Depository hereunder can be found which, in the opinion of the City, is willing and able to assume such functions upon reasonable or customary terms, or if the City determines that it is in the best interests of the City or the Beneficial Owners of the Bond that the Beneficial Owners be able to obtain certificates for the Bonds, the Bonds shall no longer be registered as being registered in the bond register in the name of the Nominee, but may be registered in whatever name or names the Holder of the Bonds shall designate at that time, in accordance with paragraph 10. To the extent that the Beneficial Owners are designated as the transferee by the Holders, in accordance with paragraph 10, the Bonds will be delivered to the Beneficial Owners. (iii) Nothing in this subparagraph (d) shall limit or restrict the provisions of paragraph 10. (e) Letter of Representations. The provisions in the Letter of Representations are incorporated herein by reference and made a part of the resolution, and if and to the extent any such provisions are inconsistent with the other provisions of this resolution, the provisions in the Letter of Representations shall control. 3. Purpose; Findings. The Bonds shall provide funds to (i) finance the Improvements and the Utility Improvements (the "Project " "), and (ii) for the current refunding of the Refunded Bonds (the "Refunding "). The total cost of the Project, which shall include all costs enumerated in Minnesota Statutes, Section 475.65, is estimated to be at least equal to the amount of the Improvement Portion and the Utility Portion of the Bonds. Work on the Project shall proceed with due diligence to completion. The City covenants that it shall do all things and perform all acts required of it to assure that work on the Project proceeds with due diligence to completion and that any and all permits and studies required under law for the Project are obtained. It is hereby found, determined and declared that the Refunding is pursuant to Minnesota Statutes, Section 475.67, and shall result in a reduction of debt service cost to the City. -2077- 7 7191382v1 4. Interest. The Bonds shall bear interest payable semiannually on February 1 and August 1 of each year (each, an "Interest Payment Date "), commencing February 1, 2016, calculated on the basis of a 360 -day year of twelve 30 -day months, at the respective rates per annum set forth opposite the maturity years as follows: Maturity Year Interest Rate 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Maturity Year Interest Rate 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 5. Redemption. All Bonds maturing on February 1, 2025, and thereafter, are subject to redemption on February 1, 2024, and on any date thereafter at the option of the City at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and the principal amounts within each maturity to be redeemed shall be determined by the City; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date, and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each affected registered holder of the Bonds not more than sixty (60) days and not fewer than thirty (30) days prior to the date fixed for redemption. To effect a partial redemption of Bonds having a common maturity date, the Bond Registrar prior to giving notice of redemption shall assign to each Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers so assigned to such Bonds, as many numbers as, at $5,000 for each number, shall equal the principal amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the principal amount of each such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. If a Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar (with, if the City or Bond Registrar so requires, a written instrument of transfer in form satisfactory to the City and Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the City shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of the Bond, without service charge, a new Bond or Bonds having the same stated maturity and interest rate and of any Authorized Denomination or 7191382v1 Denominations, as requested by the Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. 6. Bond Re istrar. Bond Trust Services Corporation, in Roseville, Minnesota, is appointed to act as bond registrar and transfer agent with respect to the Bonds (the "Bond Registrar "), and shall do so unless and until a successor Bond Registrar is duly appointed, all pursuant to any contract the City and Bond Registrar shall execute which is consistent herewith. The Bond Registrar shall also serve as paying agent unless and until a successor paying agent is duly appointed. Principal and interest on the Bonds shall be paid to the registered holders (or record holders) of the Bonds in the manner set forth in the form of Bond and in paragraph 12. 7. Form of Bond. The Bonds, together with the Bond Registrar's Certificate of Authentication, the form of Assignment and the registration information thereon, shall be in substantially the following form: IM UNITED STATES OF AMERICA STATE OF MINNESOTA HENNEPIN COUNTY CITY OF MOUND GENERAL OBLIGATION BOND, SERIES 2015A Interest Rate Maturity Date Date of Original Issue CUSIP February 1, _ September 10, 2015 REGISTERED OWNER: CEDE & CO. PRINCIPAL AMOUNT: The City of Mound, Hennepin County, Minnesota (the "Issuer "), certifies that it is indebted and for value received promises to pay to the registered owner specified above, or registered assigns, in the manner hereinafter set forth, the principal amount specified above, on the maturity date specified above, unless called for earlier redemption, and to pay interest thereon semiannually on February 1 and August 1 of each year (each, an "Interest Payment Date "), commencing February 1, 2016, at the rate per annum specified above (calculated on the basis of a 360 -day year of twelve 30 -day months) until the principal sum is paid or has been provided for. This Bond will bear interest from the most recent Interest Payment Date to which interest has been paid or, if no interest has been paid, from the date of original issue hereof The principal of and premium, if any, on this Bond are payable upon presentation and surrender hereof at the principal office of Bond Trust Services Corporation, in Roseville, Minnesota (the "Bond Registrar "), acting as paying agent, or any successor paying agent duly appointed by the Issuer. Interest on this Bond will be paid on each Interest Payment Date by check or draft mailed to the person in whose name this Bond is registered (the "Holder" or "Bondholder ") on the registration books of the Issuer maintained by the Bond Registrar and at the address appearing thereon at the close of business on the fifteenth day of the calendar month next preceding such -2079- 9 7191382v1 Interest Payment Date (the "Regular Record Date "). Any interest not so timely paid shall cease to be payable to the person who is the Holder hereof as of the Regular Record Date, and shall be payable to the person who is the Holder hereof at the close of business on a date (the "Special Record Date ") fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest Notice of the Special Record Date shall be given to Bondholders not less than ten days prior to the Special Record Date. The principal of and premium, if any, and interest on this Bond are payable in lawful money of the United States of America. So long as this Bond is registered in the name of the Depository or its Nominee as provided in the Resolution hereinafter described, and as those terms are defined therein, payment of principal of, premium, if any, and interest on this Bond and notice with respect thereto shall be made as provided in the Letter of Representations, as defined in the Resolution, and surrender of this Bond shall not be required for payment of the redemption price upon a partial redemption of this Bond. Until termination of the book -entry only system pursuant to the Resolution, Bonds may only be registered in the name of the Depository or its Nominee. Optional Redemption. The Bonds of this issue (the "Bonds ") maturing on February 1, 2025, and thereafter, are subject to redemption and prepayment at the option of the Issuer on February 1, 2024, and on any date thereafter at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and the principal amounts within each maturity to be redeemed shall be determined by the Issuer; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date, and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each affected registered holder of the Bonds not more than sixty (60) days and not fewer than thirty (30) days prior to the date fixed for redemption. Prior to the date on which any Bond or Bonds are directed by the Issuer to be redeemed in advance of maturity, the Issuer will cause notice of the call thereof for redemption identifying the Bonds to be redeemed to be mailed to the Bond Registrar and all Bondholders, at the addresses shown on the Bond Register. All Bonds so called for redemption will cease to bear interest on the specified redemption date, provided funds for their redemption have been duly deposited. Selection of Bonds for Redemption; Partial Redemption. To effect a partial redemption of Bonds having a common maturity date, the Bond Registrar shall assign to each Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers assigned to the Bonds, as many numbers as, at $5,000 for each number, shall equal the principal amount of the Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the principal amount of such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. If a Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar (with, if the Issuer or Bond Registrar so requires, a written instrument of transfer in form satisfactory to the Issuer and Bond Registrar duly executed by the Holder thereof or the Holder's -2080- 10 7191382v1 attorney duly authorized in writing) and the Issuer shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of the Bond, without service charge, a new Bond or Bonds having the same stated maturity and interest rate and of any Authorized Denomination or Denominations, as requested by the Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. Issuance Purpose• General Obligation. This Bond is one of an issue in the total principal amount of $8,790,000, all of like date of original issue and tenor, except as to number, maturity, interest rate, denomination and redemption privilege, issued pursuant to and in full conformity with the Constitution and laws of the State of Minnesota and pursuant to a resolution adopted by the City Council on August 11, 2015 (the "Resolution "), for the purpose of providing funds to finance various street and utility system improvement projects within the jurisdiction of the Issuer and for a current refunding of certain outstanding general obligation bonds of the Issuer. This Bond is payable out of the General Obligation Bonds, Series 2015A Fund of the Issuer. This Bond constitutes a general obligation of the Issuer, and to provide moneys for the prompt and full payment of its principal, premium, if any, and interest when the same become due, the full faith and credit and taxing powers of the Issuer have been and are hereby irrevocably pledged. Denominations Exchange; Resolution. The Bonds are issuable solely in fully registered form in Authorized Denominations (as defined in the Resolution) and are exchangeable for fully registered Bonds of other Authorized Denominations in equal aggregate principal amounts at the principal office of the Bond Registrar, but only in the manner and subject to the limitations provided in the Resolution. Reference is hereby made to the Resolution for a description of the rights and duties of the Bond Registrar. Copies of the Resolution are on file in the principal office of the Bond Registrar. Transfer. This Bond is transferable by the Holder in person or by the Holder's attorney duly authorized in writing at the principal office of the Bond Registrar upon presentation and surrender hereof to the Bond Registrar, all subject to the terms and conditions provided in the Resolution and to reasonable regulations of the Issuer contained in any agreement with the Bond Registrar. Thereupon the Issuer shall execute and the Bond Registrar shall authenticate and deliver, in exchange for this Bond, one or more new fully registered Bonds in the name of the transferee (but not registered in blank or to "bearer" or similar designation), of an Authorized Denomination or Denominations, in aggregate principal amount equal to the principal amount of this Bond, of the same maturity and bearing interest at the same rate. Fees upon Transfer or Loss. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of this Bond and any legal or unusual costs regarding transfers and lost Bonds. Treatment of Registered Owners. The Issuer and Bond Registrar may treat the person in whose name this Bond is registered as the owner hereof for the purpose of receiving payment as herein provided (except as otherwise provided herein with respect to the Record Date) and for all other purposes, whether or not this Bond shall be overdue, and neither the Issuer nor the Bond Registrar shall be affected by notice to the contrary. -2081- 11 7191382v1 Authentication. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security unless the Certificate of Authentication hereon shall have been executed by the Bond Registrar. Qualified Tax- Exempt Obligation. This Bond has been designated by the Issuer as a "qualified tax- exempt obligation" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to happen and to be performed, precedent to and in the issuance of this Bond, have been done, have happened and have been performed, in regular and due form, time and manner as required by law; that the Issuer has covenanted and agreed with the Holders of the Bonds that it will impose and collect charges for the service, use and availability of its municipal water, sanitary sewer and storm water utility systems (the "System ") at the times and in amounts necessary to produce net revenues, together with other sums pledged to the payment of the Utility Portion of the Bonds, as defined in the Resolution, adequate to pay all principal and interest when due on the Utility Portion of the Bonds; and that the Issuer will levy a direct, annual, irrepealable ad valorem tax upon all of the taxable property of the Issuer, without limitation as to rate or amount, for the years and in amounts sufficient to pay the principal and interest on Utility Portion of the Bonds as they respectively become due, if the net revenues from the System, and any other sums irrevocably appropriated to the Debt Service Account are insufficient therefor; and that this Bond, together with all other debts of the Issuer outstanding on the date of original issue hereof and the date of its issuance and delivery to the original purchaser, does not exceed any constitutional or statutory limitation of indebtedness. is 7191382v1 IN WITNESS WHEREOF, the City of Mound, Hennepin County, Minnesota, by its City Council has caused this Bond to be executed on its behalf by the facsimile signatures of its Mayor and its City Manager, the corporate seal of the Issuer having been intentionally omitted as permitted by law. Date of Registration: BOND REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the Resolution mentioned within. Bond Trust Services Corporation Roseville, Minnesota Bond Registrar By: Authorized Signature 7191382v1 Registrable by: BOND TRUST SERVICES CORPORATION Payable at: BOND TRUST SERVICES CORPORATION CITY OF MOUND, HENNEPIN COUNTY, MINNESOTA /s/ Facsimile Mayor /s/ Facsimile City Manager -2 ?83- ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common TEN ENT - as tenants by the entireties JT TEN - as joint tenants with right of survivorship and not as tenants in common UTMA - as custodian for (Cust) underthe (State) Transfers to Minors Act (Minor) Uniform Additional abbreviations may also be used though not in the above list. ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto the within Bond and does hereby irrevocably constitute and appoint attorney to transfer the Bond on the books kept for the registration thereof, with full power of substitution in the premises. Dated: Notice: Signature Guaranteed: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. Signature(s) must be guaranteed by a national bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges or any other "Eligible Guarantor Institution" as defined in 17 CFR 240.17 Ad- I5(a)(2). The Bond Registrar will not effect transfer of this Bond unless the information concerning the transferee requested below is provided. Name and Address: (Include information for all joint owners if the Bond is held by joint account.) No 7191382v1 PREPAYMENT SCHEDULE This Bond has been prepaid in part on the date(s) and in the amount(s) as follows: AUTHORIZED SIGNATURE DATE AMOUNT OF HOLDER -2085- 15 7191382v1 8. Execution. The Bonds shall be in typewritten form, shall be executed on behalf of the City by the signatures of its Mayor and City Manager and be sealed with the seal of the City; provided, as permitted by law, both signatures may be photocopied facsimiles and the corporate seal has been omitted. In the event of disability or resignation or other absence of either officer, the Bonds may be signed by the manual or facsimile signature of the officer who may act on behalf of the absent or disabled officer. In case either officer whose signature or facsimile of whose signature shall appear on the Bonds shall cease to be such officer before the delivery of the Bonds, the signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. 9. Authentication. No Bond shall be valid or obligatory for any purpose or be entitled to any security or benefit under this resolution unless a Certificate of Authentication on the Bond, substantially in the form hereinabove set forth, shall have been duly executed by an authorized representative of the Bond Registrar. Certificates of Authentication on different Bonds need not be signed by the same person. The Bond Registrar shall authenticate the signatures of officers of the City on each Bond by execution of the Certificate of Authentication on the Bond and by inserting as the date of registration in the space provided the date on which the Bond is authenticated, except that for purposes of delivering the original Bonds to the Purchaser, the Bond Registrar shall insert as a date of registration the date of original issue of September 10, 2015. The Certificate of Authentication so executed on each Bond shall be conclusive evidence that it has been authenticated and delivered under this resolution. 10. Registration; Transfer; Exchange, The City will cause to be kept at the principal office of the Bond Registrar a bond register in which, subject to such reasonable regulations as the Bond Registrar may prescribe, the Bond Registrar shall provide for the registration of Bonds and the registration of transfers of Bonds entitled to be registered or transferred as herein provided. Upon surrender for transfer of any Bond at the principal office of the Bond Registrar, the City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of registration (as provided in paragraph 9) of, and deliver, in the name of the designated transferee or transferees, one or more new Bonds of any Authorized Denomination or Denominations of a like aggregate principal amount, having the same stated maturity and interest rate, as requested by the transferor; provided, however, that no Bond may be registered in blank or in the name of "bearer" or similar designation. At the option of the Holder, Bonds may be exchanged for Bonds of any Authorized Denomination or Denominations of a like aggregate principal amount and stated maturity, upon surrender of the Bonds to be exchanged at the principal office of the Bond Registrar. Whenever any Bonds are so surrendered for exchange, the City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of registration of, and deliver the Bonds which the Holder making the exchange is entitled to receive. All Bonds surrendered upon any exchange or transfer provided for in this resolution shall be promptly canceled by the Bond Registrar and thereafter disposed of as directed by the City. 219" 71913820 All Bonds delivered in exchange for or upon transfer of Bonds shall be valid general obligations of the City evidencing the same debt, and entitled to the same benefits under this resolution, as the Bonds surrendered for such exchange or transfer. Every Bond presented or surrendered for transfer or exchange shall be duly endorsed or be accompanied by a written instrument of transfer, in form satisfactory to the Bond Registrar, duly executed by the Holder thereof or the Holder's attorney duly authorized in writing The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of any Bond and any legal or unusual costs regarding transfers and lost Bonds. Transfers shall also be subject to reasonable regulations of the City contained in any agreement with the Bond Registrar, including regulations which permit the Bond Registrar to close its transfer books between record dates and payment dates. The Finance Director is hereby authorized to negotiate and execute the terms of said agreement. 11. Rights Upon Transfer or Exchange. Each Bond delivered upon transfer of or in exchange for or in lieu of any other Bond shall carry all the rights to interest accrued and unpaid, and to accrue, which were carried by such other Bond. 11 Interest Payment; Record Date. Interest on any Bond shall be paid on each Interest Payment Date by check or draft mailed to the person in whose name the Bond is registered (the "Holder ") on the registration books of the City maintained by the Bond Registrar and at the address appearing thereon at the close of business on the fifteenth day of the calendar month next preceding such Interest Payment Date (the "Regular Record Date "). Any such interest not so timely paid shall cease to be payable to the person who is the Holder thereof as of the Regular Record Date, and shall be payable to the person who is the Holder thereof at the close of business on a date (the "Special Record Date ") fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest. Notice of the Special Record Date shall be given by the Bond Registrar to the Holders not less than ten days prior to the Special Record Date. 13. Treatment of Registered Owner. The City and Bond Registrar may treat the person in whose name any Bond is registered as the owner of such Bond for the purpose of receiving payment of principal of and premium, if any, and interest (subject to the payment provisions in paragraph 12) on, such Bond and for all other purposes whatsoever whether or not such Bond shall be overdue, and neither the City nor the Bond Registrar shall be affected by notice to the contrary. 14. Delivery Application of Proceeds. The Bonds when so prepared and executed shall be delivered by the Finance Director to the Purchaser upon receipt of the purchase price, and the Purchaser shall not be obliged to see to the proper application thereof. 15. Fund and Accounts. There is hereby created a special fund to be designated the "General Obligation Bonds, Series 2015A Fund" (the "Fund ") to be administered and maintained by the Finance Director as a bookkeeping account separate and apart from all other funds maintained in the official financial records of the City. The Fund shall be maintained in the -2087- 17 7191382v1 manner herein specified until all of the Bonds and the interest thereon have been fully paid. There shall be maintained in the Fund the following accounts: (a) Construction Account. To the Construction Account there shall be credited the proceeds of the sale of the Improvement Portion of the Bonds and the Utility Portion of the Bonds, less any amount paid for the Bonds in excess of the minimum bid, plus any special assessments levied with respect to the Improvements and collected prior to completion of the Improvements and payment of the costs thereof. From the Construction Account there shall be paid all costs and expenses of making the Improvements listed in paragraph 16 and all costs and expenses of the Utility Improvements, including the cost of any construction contracts heretofore let and all other costs incurred and to be incurred of the kind authorized in Minnesota Statutes, Section 475.65. Moneys in the Construction Account shall be used for no other purpose except as otherwise provided by law; provided that the proceeds of the Improvement Portion of the Bonds and the Utility Portion of the Bonds may also be used to the extent necessary to pay interest on the Improvement Portion of the Bonds and the Utility Portion of the Bonds due prior to the anticipated date of commencement of the collection of taxes, special assessments or net revenues herein levied or covenanted to be levied; and provided further that if upon completion of the Improvements there shall remain any unexpended balance in the Construction Account from the Improvement Portion of the Bonds, such balance (other than any special assessments) shall be transferred to the Debt Service Account or may be transferred by the Council to the fund of any other improvement instituted pursuant to Minnesota Statutes, Chapter 429, and provided further that any special assessments credited to the Construction Account shall only be applied towards payment of the costs of the Improvements upon adoption of a resolution by the City Council determining that the application of the special assessments for such purpose will not cause the City to no longer be in compliance with Minnesota Statutes, Section 475.6 1, Subdivision 1. (b) Payment Account. To the Payment Account there shall be credited the proceeds of the sale of the 2006A Refunding Portion of the Bonds and the 2007A Refunding Portion of the Bonds. On or prior to the Call Date, the Finance Director shall transfer (i) $ of the proceeds of the 2006A Refunding Portion of the Bonds from the Payment Account to the paying agent for the Prior 2006A Bonds and (ii) $ of the proceeds of the 2007A Refunding Portion of the Bonds from the Payment Account to the paying agent for the Prior 2007A Bonds, which sums are sufficient, together with other funds on deposit in debt service funds for the Refunded Bonds, to pay the principal and interest due on the Refunded Bonds due after the Call Date, including the principal of the Refunded Bonds called for redemption on the Call Date. The remainder of the monies in the Payment Account shall be used to pay the costs of issuance of the Bonds. Any monies remaining in the Payment Account after payment of all costs of issuance and payment of the Refunded Bonds shall be transferred to the Debt Service Account. (c) Debt Service Account. There shall be maintained two separate subaccounts in the Debt Service Account to be designated the "Improvements Debt Service Subaccount" and the "Utility Improvements Debt Service Subaccount. There are hereby irrevocably appropriated and pledged to, and there shall be credited to the separate subaccounts of the Debt Service Account: II: 7191382v1 (i) Improvements Debt Service Subaccount. To the Improvements Debt Service Subaccount there shall be credited: (A) all collections of special assessments herein covenanted to be levied with respect to the Improvements and either initially credited to the Construction Account and not already spent as permitted above and required to pay any principal and interest due on the Improvement Portion of the Bonds or collected subsequent to the completion of the Improvements and payment of the costs thereof; (B) any collections of all taxes herein or hereinafter levied for the payment of the Improvement Portion of the Bonds and interest thereon; (C) a pro rata share of all funds paid for the Bonds in excess of the minimum bid; (D) any balance remaining after the Call Date in the Debt Service Account of the General Obligation Improvement Bonds, Series 2006A Fund created by the Prior 2006A Resolution; (E) any balance remaining after the Call Date in the Debt Service Account of the General Obligation Improvement Bonds, Series 2007A Fund created by the Prior 2007A Resolution; (F) any uncollected special assessments which were heretofore pledged for the payment of the Refunded 2006A Bonds and are herein pledged to the payment of the 2006A Refunding Portion of the Bonds; (G) any uncollected special assessments which were heretofore pledged for the payment of the Refunded 2007A Bonds and are herein pledged to the payment of the 2007A Refunding Portion of the Bonds; (H) any collections of all taxes herein or hereinafter levied for the payment of the Improvement Portion of the Bonds, the 2006A Refunding Portion of the Bonds, the 2007A Refunding Portion of the Bonds and interest thereon; (1) a pro rata share of all funds remaining in the Construction Account after completion of the Project and payment of the costs thereof; (7) any funds remaining in the Payment Account after the cost of issuing the Bonds have been paid; (K) all investment earnings on funds held in the Improvements Debt Service Subaccount; and (L) any and all other moneys which are properly available and are appropriated by the governing body of the City to the Improvements Debt Service Subaccount. The Improvements Debt Service Subaccount shall be used solely to pay the principal and interest and any premium for redemption of the Improvement Portion of the Bonds and any other General Obligation Improvement Bonds of the City hereafter issued by the City and made payable from said Subaccount as provided by law. (ii) Utility Improvements Debt Service Subaccount. To the Utility Improvements Debt Service Subaccount there shall be credited: (A) the net revenues of the System not otherwise pledged and applied to the payment of other obligations of the City, in an amount, together with other funds which may herein or hereafter from time to time be irrevocably appropriated to the Utility Improvements Debt Service Subaccount, sufficient to meet the requirements of Minnesota Statutes, Section 475.61 for the payment of the principal and interest of the Utility Portion of the Bonds; (B) a pro rata share of all funds paid for the Bonds in excess of the minimum bid; (C) any collections of all taxes which may hereafter be levied in the event that the net revenues of the System and other funds herein pledged to the payment of the principal and interest on the Utility Portion of the Bonds are insufficient therefore; (D) a pro rata share of all funds remaining in the Construction Account after completion of the Project and payment of the costs -2089- 19 7191382v1 thereof; (E) all investment earnings on funds held in the Utility Improvements Debt Service Subaccount; and (F) any and all other moneys which are properly available and are appropriated by the governing body of the City to the Utility Improvements Debt Service Subaccount. The Utility Improvements Debt Service Subaccount shall be used solely to pay the principal and interest and any premium for redemption of the Utility Portion of the Bonds and any other general obligation bonds of the City hereafter issued by the City and made payable from said subaccount as provided by law. No portion of the proceeds of the Bonds shall be used directly or indirectly to acquire higher yielding investments or to replace funds which were used directly or indirectly to acquire higher yielding investments, except (1) for a reasonable temporary period until such proceeds are needed for the purpose for which the Bonds were issued and (2) in addition to the above in an amount not greater than the lesser of five percent of the proceeds of the Bonds or $100,000. To this effect, any proceeds of the Bonds and any sums from time to time held in the Construction Account or Debt Service Account (or any other City account which will be used to pay principal or interest to become due on the bonds payable therefrom) in excess of amounts which under then applicable federal arbitrage regulations may be invested without regard to yield shall not be invested at a yield in excess of the applicable yield restrictions imposed by said arbitrage regulations on such investments after taking into account any applicable "temporary periods" or "minor portion" made available under the federal arbitrage regulations. Money in the Fund shall not be invested in obligations or deposits issued by, guaranteed by or insured by the United States or any agency or instrumentality thereof if and to the extent that such investment would cause the Bonds to be "federally guaranteed" within the meaning of Section 149(b) of the Internal Revenue Code of 1986, as amended (the "Code "). 16. Covenants Relating to the Improvement Portion of the Bonds. (a) Assessments. It is hereby determined that no less than twenty percent of the cost to the City of each Improvement within the meaning of Minnesota Statutes, Section 475.58, Subdivision 1(3), shall be paid by special assessments to be levied against every assessable lot, piece and parcel of land benefited by any of the Improvements. The City hereby covenants and agrees that it will let all construction contracts not heretofore let within one year after ordering each Improvement unless the resolution ordering the Improvement specifies a different time limit for the letting of construction contracts. The City hereby further covenants and agrees that it will do and perform as soon as they may be done all acts and things necessary for the final and valid levy of such special assessments, and in the event that any such assessment be at any time held invalid with respect to any lot, piece or parcel of land due to any error, defect, or irregularity in any action or proceedings taken or to be taken by the City or the City Council or any of the City officers or employees, either in the making of the assessments or in the performance of any condition precedent thereto, the City and the City Council will forthwith do all further acts and take all further proceedings as may be required by law to make the assessments a valid and binding lien upon such property. It is hereby determined that the special assessments shall be payable in equal, consecutive, annual installments, with general taxes for the years shown below and with interest on the declining balance of all such special assessments at a rate per annum not greater than the maximum permitted by law and not less than the rates per annum shown opposite their collection years specified below: -2090- 20 7191382v1 Improvement Designation Levy ears Collection Years Amount Rate 20-20 20 -20 At the time the special assessments are in fact levied the City Council shall, based on the then current estimated collections of the special assessments, make any adjustments in any ad valorem taxes required to be levied in order to assure that the City continues to be in compliance with Minnesota Statutes, Section 475.61, Subdivision 1. (b) Tax Levy; Coverage Test. To provide moneys for payment of the principal and interest on the Improvement Portion of the Bonds there is hereby levied upon all of the taxable property in the City a direct annual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of other general property taxes in the City for the years and in the amounts as follows: Year of Tax Levy Year of Tax Collection Amount 20 -20 20 -20 See Attached Schedule The tax levies are such that if collected in full they, together with estimated collections of special assessments and other revenues herein pledged for the payment of the Improvement Portion of the Bonds, will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the Improvement Portion of the Bonds. The tax levies shall be irrepealable so long as any of the Improvement Portion of the Bonds are outstanding and unpaid, provided that the City reserves the right and power to reduce the levies in the manner and to the extent permitted by Minnesota Statutes, Section 475.6 1, Subdivision 3. 17. Covenants Relating to the Utility Portion of the Bonds. (a) Sufficiency of Net Revenues; Coverage Test. It is hereby found, determined and declared that the net revenues of the System are sufficient in amount to pay when due the principal and interest on the Utility Portion of the Bonds and the Outstanding System Bonds and a sum at least five percent in excess thereof. The net revenues of the System are hereby pledged and shall be applied for that purpose, but solely to the extent required to meet the principal and interest requirements of the Bonds as the same become due. Nothing contained herein shall be deemed to preclude the City from making further pledges and appropriations of the net revenues of the System for the payment of other or additional obligations of the City, provided that it has first been determined by the City Council that the estimated net revenues of the System will be sufficient in addition to all other sources, for the payment of the Utility Portion of the Bonds and such additional obligations and any such pledge and appropriation of the net revenues of the System may be made superior or subordinate to, or on a parity with the pledge and appropriation herein. (b) Excess Net Revenues. Net revenues in excess of those required for the foregoing may be used for any proper purpose. -2091- 21 7191382v1 (c) Covenant to Maintain Rates and Charges. In accordance with Minnesota Statutes, Section 444.075, the City hereby covenants and agrees with the Holders of the Bonds that it will impose and collect charges for the service, use, availability and connection to the System at the times and in the amounts required to produce net revenues adequate to pay all principal and interest when due on the Utility Portion of the Bonds. Minnesota Statutes, Section 444.075, Subdivision 2, provides as follows: 'Real estate tax revenues should be used only, and then on a temporary basis, to pay general or special obligations when the other revenues are insufficient to meet the obligations." 18. Covenants Relating to the 2006A Refunding Portion of the Bonds. (a) Special Assessments. The City has heretofore levied special assessments pursuant to the Prior 2006A Resolution, which were pledged to the payment of the principal and interest on the Prior 2006A Bonds and, after the Call Date, the uncollected special assessments for the Prior 2006A Bonds are now pledged to the payment of principal and interest on the Prior 2006A Bonds Refunding Portion of the Bonds. The special assessments are such that if collected in full they, together with estimated collections of taxes herein pledged for the payment of the Prior 2006A Bonds Refunding Portion of the Bonds, will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the Prior 2006A Bonds Refunding Portion of the Bonds. The special assessments were levied as provided below, payable in equal, consecutive, annual installments, with general taxes for the years shown below and with interest on the declining balance of all such assessments at the rate shown opposite such years: Collection Improvement Desi ng ation Levy Years Years Amount Rate 2006 Street Reconstruction Project (b) Tax Levy; Coverage Test; Cancellation of Certain Tax Levies. To provide moneys for payment of the principal and interest on the 2006A Bonds Refunding Portion of the Bonds there is hereby levied upon all of the taxable property in the City a direct annual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of other general property taxes in the City for the years and in the amounts as follows: Year of Tax Levy Year of Tax Collection Amount 20-20 20 -20 See Attached Schedule The tax levies are such that if collected in full they, together with estimated collections of special assessments and any other revenues herein pledged for the payment of the 2006A Bonds Refunding Portion of the Bonds, will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the 2006A Bonds Refunding Portion of the Bonds. The tax levies shall be irrepealable so long as any of the 2006A Bonds Refunding Portion of the Bonds are outstanding and unpaid, provided that the City reserves the right and power to reduce the levies in the manner and to the extent permitted by Minnesota Statutes, Section 475.61, Subdivision 3. -2092- 22 7191382v7 Upon payment of the Prior 2006A Bonds, the uncollected taxes levied in the Prior 2006A Resolution authorizing the issuance of the Prior 2006A Bonds which are not needed to pay the Prior 2006A Bonds as a result of the Refunding shall be canceled. 19. Covenants Relating to the 2007A Refunding Portion of the Bonds. (a) Special Assessments. The City has heretofore levied special assessments pursuant to the Prior 2007A Resolution, which were pledged to the payment of the principal and interest on the Prior 2007A Bonds and, after the Call Date, the uncollected special assessments for the Prior 2007A Bonds are now pledged to the payment of principal and interest on the Prior 2007A Bonds Refunding Portion of the Bonds. The special assessments are such that if collected in full they, together with estimated collections of taxes herein pledged for the payment of the Prior 2007A Bonds Refunding Portion of the Bonds, will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the Prior 2007A Bonds Refunding Portion of the Bonds. The special assessments were levied as provided below, payable in equal, consecutive, annual installments, with general taxes for the years shown below and with interest on the declining balance of all such assessments at the rate shown opposite such years: Collection Improvement Desi ng ation Levy Years Years Amount Rate 2007 Street Reconstruction Project (b) Tax Levy; Coverage Test; Cancellation of Certain Tax Levies. To provide moneys for payment of the principal and interest on the 2007A Bonds Refunding Portion of the Bonds there is hereby levied upon all of the taxable property in the City a direct annual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of other general property taxes in the City for the years and in the amounts as follows: Year of Tax Levy Year of Tax Collection Amount 20 -20 20 -20 See Attached Schedule The tax levies are such that if collected in full they, together with estimated collections of special assessments and any other revenues herein pledged for the payment of the 2007A Bonds Refunding Portion of the Bonds, will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the 2007A Bonds Refunding Portion of the Bonds. The tax levies shall be irrepealable so long as any of the 2007A Bonds Refunding Portion of the Bonds are outstanding and unpaid, provided that the City reserves the right and power to reduce the levies in the manner and to the extent permitted by Minnesota Statutes, Section 475.61, Subdivision 3. Upon payment of the Prior 2007A Bonds, the uncollected taxes levied in the Prior 2007A Resolution authorizing the issuance of the Prior 2007A Bonds which are not needed to pay the Prior 2007A Bonds as a result of the Refunding shall be canceled. - 220393- 71913S2v7 20. General Obligation Pledge. For the prompt and full payment of the principal and interest on the Bonds, as the same respectively become due, the full faith, credit and taxing powers of the City shall be and are hereby irrevocably pledged. If the balance in the Debt Service Account is ever insufficient to pay all principal and interest then due on the Bonds and any other bonds payable therefrom, the deficiency shall be promptly paid out of any other funds of the City which are available for such purpose, and such other funds may be reimbursed with or without interest from the Debt Service Account when a sufficient balance is available therein. 21. Prior Bonds; Security and Prepayment. Until retirement of the Prior Bonds, all provisions for the security thereof shall be observed by the City and all of its officers and agents The Refunded Bonds shall be redeemed and prepaid on the Call Date in accordance with the terms and conditions set forth in the Notices of Call for Redemption attached hereto as Exhibits B and C, which terms and conditions are hereby approved and incorporated herein by reference. 22. Supplemental Resolution. The Prior Resolutions authorizing the issuance of the Prior Bonds are hereby supplemented to the extent necessary to give effect to the provisions hereof. 23. Defeasance. When all Bonds have been discharged as provided in this paragraph, all pledges, covenants and other rights granted by this resolution to the registered holders of the Bonds shall, to the extent permitted by law, cease. The City may discharge its obligations with respect to any Bonds which are due on any date by irrevocably depositing with the Bond Registrar on or before that date a 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 Bond Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. The City may also discharge its obligations with respect to any prepayable Bonds called for redemption on any date when they are prepayable according to their terms, by depositing with the Bond Registrar on or before that date a sum sufficient for the payment thereof in full, provided that notice of redemption thereof has been duly given. The City may also at any time discharge its obligations with respect to any Bonds, subject to the provisions of law now or hereafter authorizing and regulating such action, by depositing irrevocably in escrow, with a suitable banking institution qualified by law as an escrow agent for this purpose, cash or securities described in Minnesota Statutes, Section 475.67, Subdivision 8, bearing interest payable at such times and at such rates and maturing on such dates as shall be required, without regard to sale and /or reinvestment, to pay all amounts to become due thereon to maturity or, if notice of redemption as herein required has been duly provided for, to such earlier redemption date. 24. Compliance With Reimbursement Bond Regulations. The provisions of this paragraph are intended to establish and provide for the City's compliance with United States Treasury Regulations Section 1.150 -2 (the "Reimbursement Regulations ") applicable to the "reimbursement proceeds" of the Bonds, being those portions thereof which will be used by the City to reimburse itself for any expenditure which the City paid or will have paid prior to the Closing Date (a "Reimbursement Expenditure "). -2094- 24 7i9138zvl The City hereby certifies and/or covenants as follows: (a) Not later than sixty days after the date of payment of a Reimbursement Expenditure, the City (or person designated to do so on behalf of the City) has made or will have made a written declaration of the City's official intent (a "Declaration ") which effectively (i) states the City's reasonable expectation to reimburse itself for the payment of the Reimbursement Expenditure out of the proceeds of a subsequent borrowing; (ii) gives a general and functional description of the property, project or program to which the Declaration relates and for which the Reimbursement Expenditure is paid, or identifies a specific fund or account of the City and the general functional purpose thereof from which the Reimbursement Expenditure was to be paid (collectively the "Project "); and (iii) states the maximum principal amount of debt expected to be issued by the City for the purpose of financing the Project; provided, however, that no such Declaration shall necessarily have been made with respect to: (i) "preliminary expenditures" for the Project, defined in the Reimbursement Regulations to include engineering or architectural, surveying and soil testing expenses and similar prefatory costs, which in the aggregate do not exceed twenty percent of the "issue price" of the Bonds, and (ii) a de minimis amount of Reimbursement Expenditures not in excess of the lesser of $100,000 or five percent of the proceeds of the Bonds. (b) Each Reimbursement Expenditure is a capital expenditure or a cost of issuance of the Bonds or any of the other types of expenditures described in Section 1.150- 2(d)(3) of the Reimbursement Regulations. (c) The "reimbursement allocation" described in the Reimbursement Regulations for each Reimbursement Expenditure shall and will be made forthwith following (but not prior to) the issuance of the Bonds and in all events within the period ending on the date which is the later of three years after payment of the Reimbursement Expenditure or one year after the date on which the Project to which the Reimbursement Expenditure relates is first placed in service. (d) Each such reimbursement allocation will be made in a writing that evidences the City's use of Bond proceeds to reimburse the Reimbursement Expenditure and, if made within 30 days after the Bonds are issued, shall be treated as made on the day the Bonds are issued. Provided, however, that the City may take action contrary to any of the foregoing covenants in this paragraph upon receipt of an opinion of its Bond Counsel for the Bonds stating in effect that such action will not impair the tax- exempt status of the Bonds. 25. Continuing Disclosure. The City is the sole obligated person with respect to the Bonds. The City hereby agrees, in accordance with the provisions of Rule 15c2 -12 (the "Rule "), promulgated by the Securities and Exchange Commission (the "Commission ") pursuant to the Securities Exchange Act of 1934, as amended, and a Continuing Disclosure Undertaking (the "Undertaking ") hereinafter described to: (a) Provide or cause to be provided to the Municipal Securities Rulemaking Board (the "MSRB ") by filing at www.emma.msrb.org in accordance with the Rule, certain annual financial information and operating data in accordance with the Undertaking. The City reserves the right to modify from time to time the terms of the Undertaking as provided therein. -2095- 25 7191382v1 (b) Provide or cause to be provided to the MSRB notice of the occurrence of certain events with respect to the Bonds in not more than ten (10) business days after the occurrence of the event, in accordance with the Undertaking. (c) Provide or cause to be provided to the MSRB notice of a failure by the City to provide the annual financial information with respect to the City described in the Undertaking, in not more than ten (10) business days following such occurrence. (d) The City agrees that its covenants pursuant to the Rule set forth in this paragraph and in the Undertaking is intended to be for the benefit of the Holders of the Bonds and shall be enforceable on behalf of such Holders; provided that the right to enforce the provisions of these covenants shall be limited to a right to obtain specific enforcement of the City's obligations under the covenants. The Mayor and City Manager of the City, or any other officer of the City authorized to act in their place (the "Officers ") are hereby authorized and directed to execute on behalf of the City the Undertaking in substantially the form presented to the City Council subject to such modifications thereof or additions thereto as are (i) consistent with the requirements under the Rule, (ii) required by the Purchaser of the Bonds, and (iii) acceptable to the Officers. 26. Certificate of Registration. A certified copy of this resolution is hereby directed to be filed with the Director of Property Tax and Public Records of Hennepin County, together with such other information as the Director shall require, and there shall be obtained from the Director a certificate that the Bonds have been entered in the Bond Register and that the tax levy required by law has been made. 27. Records and Certificates. The officers of the City are hereby authorized and directed to prepare and furnish to the Purchaser, and to the attorneys approving the legality of the issuance of the Bonds, certified copies of all proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and such other affidavits, certificates and information as are required to show the facts relating to the legality and marketability of the Bonds as the same appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the City as to the facts recited therein. 28. Negative Covenant as to Use of Bond Proceeds and Project. The City hereby covenants not to use the proceeds of the Bonds or to use the Project, or to cause or permit them to be used, or to enter into any deferred payment arrangements for the cost of the Project, in such a manner as to cause the Bonds to be "private activity bonds" within the meaning of Sections 103 and 141 through 150 of the Code. 29. Tax - Exempt Status of the Bonds; Rebate. The City shall comply with requirements necessary under the Code to establish and maintain the exclusion from gross income under Section 103 of the Code of the interest on the Bonds, including without limitation (i) requirements relating to temporary periods for investments, (ii) limitations on amounts invested at a yield greater than the yield on the Bonds, and (iii) the rebate of excess investment earnings to the United States. -2096- 26 7191382v1 The City expects to satisfy the twenty four month expenditure exemption for gross proceeds of the Improvement Portion of the Bonds and of the Utility Portion of the Bonds as provided in Section 1.148- 7(d)(1) of the Regulations. The City expects to satisfy the six month expenditure exemption from gross proceeds of the 2006A Refunding Portion of the Bonds and of the 2006A Refunding Portion of the Bonds as provided in Section 1.148 -7(c) of the Regulations. Mayor and /or City Manager are hereby authorized and directed to make such elections as to arbitrage and rebate matters relating to the Bonds as they deem necessary, appropriate or desirable in connection with the Bonds, and all such elections shall be, and shall be deemed and treated as, elections of the City. 30. Qualified Tax- Exempt Obligations. (a) Improvement Portion of the Bonds and of the Utility Portion of the Bonds - Designation of Qualified Tax - Exempt Obligations. In order to qualify the Improvement Portion of the Bonds and the Utility Portion of the Bonds as "qualified tax - exempt obligations" within the meaning of Section 265(b)(3) of the Code, the City hereby makes the following factual statements and representations: (i) the Improvement Portion of the Bonds and the Utility Portion of the Bonds are issued after August 7, 1986; (ii) the Improvement Portion of the Bonds and the Utility Portion of the Bonds are not "private activity bonds" as defined in Section 141 of the Code; (iii) the City hereby designates the Improvement Portion of the Bonds and the Utility Portion of the Bonds as "qualified tax - exempt obligations" for purposes of Section 265(b)(3) of the Code; (iv) the reasonably anticipated amount of tax- exempt obligations (other than private activity bonds, treating qualified 501(c)(3) bonds as not being private activity bonds) which will be issued by the City (and all entities treated as one issuer with the City, and all subordinate entities whose obligations are treated as issued by the City) during this calendar year 2012 will not exceed $10,000,000; (v) not more than $10,000,000 of obligations issued by the City during this calendar year 2015 have been designated for purposes of Section 265(b)(3) of the Code; and (vi) the aggregate face amount of the Bonds does not exceed $10,000,000. (b) 2006A Refunding Portion of the Bonds and the 2006A Refunding Portion of the Bonds - Deemed Designation of Qualified Tax - Exempt Obligations. In order to confirm that the 2006A Refunding Portion of the Bonds and the 2006A Refunding Portion of the Bonds are deemed designated as "qualified tax exempt obligations" within the meaning of Section 265(b)(3) of the Code, the City hereby makes the following factual statements and representations: -2097- 7191382v1 Whereupon the resolution was declared duly passed and adopted. 2098- 29 7191382v1 (i) each of the Refunded Bonds was designated as a "qualified tax exempt obligation" for purposes of Section 265(b)(3) of the Code; (ii) the aggregate face amount of the Bonds does not exceed $10,000,000; (iii) the average maturity of the 2006A Refunding Portion of the Bonds and of the 2006A Refunding Portion of the Bonds does not exceed the remaining average maturity of the Refunded Bonds; (iv) no part of the 2006A Refunding Portion of the Bonds and of the 2006A Refunding Portion of the Bonds have a maturity date which is later than the date which is thirty years after the date the Refunded Bonds were issued; and (v) the 2006A Refunding Portion of the Bonds and of the 2006A Refunding Portion of the Bonds are issued to refund, and not to "advance refund" the Prior Bonds within the meaning of Section 149(d)(5) of the Code, and shall not be taken into account under the $10,000,000 issuance limit to the extent the 2006A Refunding Portion of the Bonds and of the 2006A Refunding Portion of the Bonds do not exceed the outstanding amount of the Prior Bonds. The City shall use its best efforts to comply with any federal procedural requirements which may apply in order to effectuate the designation made by this paragraph. 31. Official Statement. The Official Statement relating to the Bonds prepared and distributed by Ehlers 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. 32. Payment of Issuance Expenses. The City authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment of issuance expenses to K1einBank, Chaska, Minnesota, on the closing date for further distribution as directed by the City's municipal advisor, Ehlers. 33. Severabihty. If any section, paragraph or provision of this resolution shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this resolution. 34. Headings. Headings in this resolution are included for convenience of reference only and are not a part hereof, and shall not limit or define the meaning of any provision hereof. The motion for the adoption of the foregoing resolution was duly seconded by member and, after a full discussion thereof and upon a vote being taken thereon, the following voted in favor thereof: and the following voted against the same: -2099- 28 7191382v1 STATE OF MINNESOTA COUNTY OF HENNEPIN CITY OF MOUND I, the undersigned, being the duly qualified and acting City Manager of the City of Mound, Minnesota, do hereby certify that I have compared the attached and foregoing extract of minutes with the original thereof on file in my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the City Council of the City, duly called and held on the date therein indicated, insofar as the minutes relate to considering proposals and awarding the sale of $8,790,000 General Obligation Bonds, Series 2015A. WITNESS my hand on August 11, 2015. City Manager -2100- 30 7191382v1 EXHIBIT A Proposals [To be supplied by Ehlers & Associates, Inc.] -2101 - A-1 7191382v1 LONA W-1 NOTICE OF CALL FOR REDEMPTION GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2006A CITY OF MOUND, HENNEPIN COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN that by order of the City Council of the City of Mound, Hennepin County, Minnesota, there have been called for redemption and prepayment on September 16, 2015 those outstanding bonds of the City designated as General Obligation Improvement Bonds, Series 2006A, dated as of April 11, 2006, having stated maturity dates in the years 2016 through 2022, inclusive, and totaling $875,000 in principal in principal amount and having CUSIP numbers listed below: Year CUSIP 2016 620535 VWl 2017 620535 VX9 2018 620535 VY7 2019 620535 VZ4 2020 620535 WAS 2021 620535 W136 2022 620535 WC4 The bonds are being called at a price of par plus accrued interest to September 16, 2015, on which date all interest on the bonds will cease to accrue. Holders of the bonds hereby called for redemption are requested to present their bonds for payment, at the office of the Bond Trust Services Corporation, 3060 Centre Pointe Drive, Roseville, Minnesota 55113. Dated: August 11, 2015 BY ORDER OF THE CITY COUNCIL /s/ Kandis Hanson, City Manager *The City shall not be responsible for the selection of or use of the CUSIP numbers, nor is any representation made as to their correctness indicated in the notice. They are included solely for the convenience of the holders. -2102 - B-1 7191382vl EXHIBIT C NOTICE OF CALL FOR REDEMPTION GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2007A CITY OF MOUND, HENNEPIN COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN that by order of the City Council of the City of Mound, Hennepin County, Minnesota, there have been called for redemption and prepayment on September 16, 2015 those outstanding bonds of the City designated as General Obligation Improvement Bonds, Series 2007A, dated as of April 5, 2007, having stated maturity dates or subject to mandatory redemption in the years 2016 through 2023, inclusive, and totaling $1,660,000 in principal in principal amount and having CUSIP numbers listed below: Year CUSIP 2017 620535 XMl 2019 620535 XP4 2021 620535 XRO 2023 620535 XT6 The bonds are being called at a price of par plus accrued interest to September 16, 2015, on which date all interest on the bonds will cease to accrue. Holders of the bonds hereby called for redemption are requested to present their bonds for payment, at the office of Bond Trust Services Corporation, 3060 Centre Pointe Drive, Roseville, Minnesota 55113. Dated: August 11, 2015 BY ORDER OF THE CITY COUNCIL /s/ Kandis Hanson, City Manager *The City shall not be responsible for the selection of or use of the CUSIP numbers, nor is any representation made as to their correctness indicated in the notice. They are included solely for the convenience of the holders. -2103- 7191382v1 EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL CITY OF MOUND, MINNESOTA HELD: August 11, 2015 Pursuant to due call, a regular or special meeting of the City Council of the City of Mound, Hennepin County, Minnesota, was duly held at the City Hall on August 11, 2015, at 7:00 P.M., for the purpose in part of considering proposals and awarding the sale of $2,720,000 General Obligation Tax Abatement Bonds, Series 2015B. The following members were present: and the following were absent: Member introduced the following resolution and moved its adoption: RESOLUTION PROVIDING FOR THE ISSUANCE AND THE SALE OF $2,720,000 GENERAL OBLIGATION TAX ABATEMENT BONDS, SERIES 2015B, AND PLEDGING TAX ABATEMENTS AND LEVYING A TAX FOR THE SECURITY AND PAYMENT THEREOF A. WHEREAS, the City Council of the City of Mound, Minnesota (the "City'), after publication of the notice of public hearing, on July 28, 2015, held a public hearing on the adoption of tax abatements to be pledged to the payment of proposed issuance of general obligation tax abatement bonds pursuant to Minnesota Statutes, Chapters 475 and Sections 469.1812 through and including 469.1815, to acquire the Mound Transit Center (the "Facility ") from the Housing and Redevelopment Authority in and for the City of Mound, Minnesota (the "HRA ") and in connection therewith refund the outstanding HRA Limited Tax Pledge Bonds (Mound Transit Center), Series 2006, dated December 28, 2006 (the "Prior Bonds "); and B. WHEREAS, the City Council has heretofore determined that it is necessary and expedient to issue $2,720,000 General Obligation Tax Abatement Bonds, Series 2015B (the "Bonds" or individually a 'Bond "), pursuant to Minnesota Statutes, Section 469.1814 and Chapter 475 to provide funds to acquire the Facility pursuant to a current refunding of the Prior Bonds; and C. WHEREAS, on July 13, 2015, Independent School District No. 277 adopted a resolution declining to grant a tax abatement to finance the acquisition of the Facility; and D. WHEREAS, on July 28, 2015, following duly published notice thereof, the Council held a public hearing on the proposed abatement to finance the acquisition of the Facility and all persons who wished to speak or provide written information relative to the public hearing were afforded an opportunity to do so; and E. WHEREAS, the City, pursuant to the provisions of Minnesota Statutes, Sections 469.1812 through 469.1815, has provided for the abatement of property taxes (the "Tax -2104- 7166229v] Abatements ") for a period of twenty (20) years on properties in the City, as described in the Resolution adopted by the City Council on July 28, 2015, approving the Tax Abatements to be pledged to the Bonds (the "Abatement Resolution "); and F. WHEREAS, the amount of the property taxes abated are estimated to be at least equal to the principal of the Bonds and pursuant to the provisions of the Abatement Resolution, Bond proceeds are to be expended to refund the Prior Bonds and acquire the Facility; and G. WHEREAS, $2,625,000 aggregate principal amount of the Prior Bonds which mature on and after February 1, 2016 (the "Refunded Bonds "), are callable on September 16, 2015 (the "Call Date "), as provided in Resolution No. 06 -17H of the HRA, adopted on December 14, 2006 (the "Prior Resolution "), and the refunding of the Prior Bonds is consistent with covenants made with the holders thereof, and is necessary and desirable for the reduction of debt service cost to the City; and H. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ('Ehlers "), as its independent financial advisor for the sale of the Bonds and was therefore authorized to sell the Bonds by private negotiation in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9) and proposals to purchase the Bonds have been solicited by Ehlers; and L WHEREAS, the proposals set forth on Exhibit A attached hereto were received by the City Manager, or designee, at the offices of Ehlers at 11:00 A.M. on the date hereof, pursuant to the Preliminary Official Statement, dated July 30, 2015, established for the Bonds; and J. WHEREAS, it is in the best interests of the City that the Bonds be issued in book - entry form as hereafter provided. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mound, Minnesota, as follows: 1. Acceptance of Proposal. The proposal of (the 'Purchaser "), to purchase the Bonds in accordance with the Preliminary Official Statement established for the Bonds, at the rates of interest hereinafter set forth, and to pay therefor the sum of $ , plus interest accrued to settlement, is hereby found, determined and declared to be the most favorable proposal received and is hereby accepted, and the Bonds are hereby awarded to the Purchaser. The City Manager is directed to retain the deposit of the Purchaser and to forthwith return to the unsuccessful bidders their good faith checks or drafts. 2. Bond Terms. (a) Original Issue Date; Denominations; Maturities; Tenn Bond Option. The Bonds shall be dated September 10, 2015, as the date of original issue, be issued forthwith on or after such date in fully registered form, be numbered from R -1 upward in the denomination of $5,000 each or in any integral multiple thereof of a single maturity (the "Authorized Denominations ") and mature on February 1 in the years and amounts as follows: -2105- 2 7166229vi Year Amount 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 As may be requested by the Purchaser, one or more term Bonds may be issued having mandatory sinking fund redemption and final maturity amounts conforming to the foregoing principal repayment schedule, and corresponding additions may be made to the provisions of the applicable Bond(s). (b) Book Entry Only S sy tem. The Depository Trust Company, a limited purpose trust company organized under the laws of the State of New York or any of its successors or successors to its functions hereunder (the 'Depository ") will act as securities depository for the Bonds, and to this end: (i) The Bonds shall be initially issued and, so long as they remain in book entry form only (the 'Book Entry Only Period "), shall at all times be in the form of a separate single fully registered Bond for each maturity of the Bonds; and for purposes of complying with this requirement under paragraphs 5 and 10 Authorized Denominations for any Bond shall be deemed to be limited during the Book Entry Only Period to the outstanding principal amount of that Bond. (ii) Upon initial issuance, ownership of the Bonds shall be registered in a bond register maintained by the Bond Registrar (as hereinafter defined) in the name of CEDE & CO., as the nominee (it or any nominee of the existing or a successor Depository, the 'Nominee "). (iii) With respect to the Bonds neither the City nor the Bond Registrar shall have any responsibility or obligation to any broker, dealer, bank, or any other financial -2106- 3 7166229v1 institution for which the Depository holds Bonds as securities depository (the "Participant ") or the person for which a Participant holds an interest in the Bonds shown on the books and records of the Participant (the "Beneficial Owner "). Without limiting the immediately preceding sentence, neither the City, nor the Bond Registrar, shall have any such responsibility or obligation with respect to (A) the accuracy of the records of the Depository, the Nominee or any Participant with respect to any ownership interest in the Bonds, or (B) the delivery to any Participant, any Owner or any other person, other than the Depository, of any notice with respect to the Bonds, including any notice of redemption, or (C) the payment to any Participant, any Beneficial Owner or any other person, other than the Depository, of any amount with respect to the principal of or premium, if any, or interest on the Bonds, or (D) the consent given or other action taken by the Depository as the Registered Holder of any Bonds (the "Holder "). For purposes of securing the vote or consent of any Holder under this Resolution, the City may, however, rely upon an omnibus proxy under which the Depository assigns its consenting or voting rights to certain Participants to whose accounts the Bonds are credited on the record date identified in a listing attached to the omnibus proxy. (iv) The City and the Bond Registrar may treat as and deem the Depository to be the absolute owner of the Bonds for the purpose of payment of the principal of and premium, if any, and interest on the Bonds, for the purpose of giving notices of redemption and other matters with respect to the Bonds, for the purpose of obtaining any consent or other action to be taken by Holders for the purpose of registering transfers with respect to such Bonds, and for all purpose whatsoever. The Bond Registrar, as paying agent hereunder, shall pay all principal of and premium, if any, and interest on the Bonds only to the Holder or the Holders of the Bonds as shown on the bond register, and all such payments shall be valid and effective to fully satisfy and discharge the City's obligations with respect to the principal of and premium, if any, and interest on the Bonds to the extent of the sum or sums so paid. (v) Upon delivery by the Depository to the Bond Registrar of written notice to the effect that the Depository has determined to substitute a new Nominee in place of the existing Nominee, and subject to the transfer provisions in paragraph 10, references to the Nominee hereunder shall refer to such new Nominee. (vi) So long as any Bond is registered in the name of a Nominee, all payments with respect to the principal of and premium, if any, and interest on such Bond and all notices with respect to such Bond shall be made and given, respectively, by the Bond Registrar or City, as the case may be, to the Depository as provided in the Letter of Representations to the Depository required by the Depository as a condition to its acting as book -entry Depository for the Bonds (said Letter of Representations, together with any replacement thereof or amendment or substitute thereto, including any standard procedures or policies referenced therein or applicable thereto respecting the procedures and other matters relating to the Depository's role as book -entry Depository for the Bonds, collectively hereinafter referred to as the "Letter of Representations "). (vii) All transfers of beneficial ownership interests in each Bond issued in book - entry form shall be limited in principal amount to Authorized Denominations and shall be -2107- 4 7166229v1 effected by procedures by the Depository with the Participants for recording and transferring the ownership of beneficial interests in such Bonds. (viii) In connection with any notice or other communication to be provided to the Holders pursuant to this Resolution by the City or Bond Registrar with respect to any consent or other action to be taken by Holders, the Depository shall consider the date of receipt of notice requesting such consent or other action as the record date for such consent or other action; provided, that the City or the Bond Registrar may establish a special record date for such consent or other action. The City or the Bond Registrar shall, to the extent possible, give the Depository notice of such special record date not less than 15 calendar days in advance of such special record date to the extent possible. (ix) Any successor Bond Registrar in its written acceptance of its duties under this Resolution and any paying agency/bond registrar agreement, shall agree to take any actions necessary from time to time to comply with the requirements of the Letter of Representations. (x) In the case of a partial prepayment of a Bond, the Holder may, in lieu of surrendering the Bonds for a Bond of a lesser denomination as provided in paragraph 5, make a notation of the reduction in principal amount on the panel provided on the Bond stating the amount so redeemed. (c) Termination of Book -Entry Only System. Discontinuance of a particular Depository's services and termination of the book -entry only system may be effected as follows: (i) The Depository may determine to discontinue providing its services with respect to the Bonds at any time by giving written notice to the City and discharging its responsibilities with respect thereto under applicable law. The City may terminate the services of the Depository with respect to the Bonds if it determines that the Depository is no longer able to carry out its functions as securities depository or the continuation of the system of book -entry transfers through the Depository is not in the best interests of the City or the Beneficial Owners. (ii) Upon termination of the services of the Depository as provided in the preceding paragraph, and if no substitute securities depository is willing to undertake the functions of the Depository hereunder can be found which, in the opinion of the City, is willing and able to assume such functions upon reasonable or customary terms, or if the City determines that it is in the best interests of the City or the Beneficial Owners of the Bond that the Beneficial Owners be able to obtain certificates for the Bonds, the Bonds shall no longer be registered as being registered in the bond register in the name of the Nominee, but may be registered in whatever name or names the Holder of the Bonds shall designate at that time, in accordance with paragraph 10. To the extent that the Beneficial Owners are designated as the transferee by the Holders, in accordance with paragraph 10, the Bonds will be delivered to the Beneficial Owners. (iii) Nothing in this subparagraph (c) shall limit or restrict the provisions of paragraph 10. -2108- 5 7166229v1 (d) Letter of Representations. The provisions in the Letter of Representations are incorporated herein by reference and made a part of the resolution, and if and to the extent any such provisions are inconsistent with the other provisions of this resolution, the provisions in the Letter of Representations shall control. 3. Purpose: Refunding Findings. indings. The Bonds shall provide funds to acquire the Facility and in connection therewith current refund of the Refunded Bonds (the 'Refunding ") and shall result in a reduction of debt service cost to the City. 4. Interest The Bonds shall bear interest payable semiannually on February I and August 1 of each year (each, an "Interest Payment Date "), commencing February 1, 2016, calculated on the basis of a 360 -day year of twelve 30 -day months, at the respective rates per annum set forth opposite the maturity years as follows: Maturity Interest Rate 2016 % 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 5. Redemption. All Bonds maturing on February 1, 2025, and thereafter, are subject to redemption on February 1, 2024, and on any date thereafter at the option of the City at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and the principal amounts within each maturity to be redeemed shall be determined by the City; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date, and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each -2109- 6 7166229v1 affected registered holder of the Bonds not more than sixty (60) days and not fewer than thirty (30) days prior to the date fixed for redemption. To effect a partial redemption of Bonds having a common maturity date, the Bond Registrar prior to giving notice of redemption shall assign to each Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers so assigned to such Bonds, as many numbers as, at $5,000 for each number, shall equal the principal amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the principal amount of each such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. If a Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar (with, if the City or Bond Registrar so requires, a written instrument of transfer in form satisfactory to the City and Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the City shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of the Bond, without service charge, a new Bond or Bonds having the same stated maturity and interest rate and of any Authorized Denomination or Denominations, as requested by the Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. 6. Bond Registrar. Bond Trust Services Corporation in Roseville, Minnesota, is appointed to act as bond registrar and transfer agent with respect to the Bonds (the "Bond Registrar "), and shall do so unless and until a successor Bond Registrar is duly appointed, all pursuant to any contract the City and Bond Registrar shall execute which is consistent herewith. The Bond Registrar shall also serve as paying agent unless and until a successor paying agent is duly appointed. Principal and interest on the Bonds shall be paid to the registered holders (or record holders) of the Bonds in the manner set forth in the form of Bond and in paragraph 12. 7. Form of Bond. The Bonds, together with the Bond Registrar's Certificate of Authentication, the form of Assignment and the registration information thereon, shall be in substantially the following form: -2110- 7 7166229v1 R- UNITED STATES OF AMERICA STATE OF MINNESOTA HENNEPIN COUNTY CITY OF MOUND GENERAL OBLIGATION TAX ABATEMENT BOND, SERIES 2015B Interest Rate Maturitv Date Date of Original Issue CUSIP February 1, _ September 10, 2015 REGISTERED OWNER: CEDE & CO. PRINCIPAL AMOUNT: The City of Mound, Hennepin County, Minnesota (the "Issuer "), certifies that it is indebted and for value received promises to pay to the registered owner specified above, or registered assigns, in the manner hereinafter set forth, the principal amount specified above, on the maturity date specified above, unless called for earlier redemption, and to pay interest thereon semiannually on February 1 and August 1 of each year (each, an "Interest Payment Date "), commencing February 1, 2016, at the rate per annum specified above (calculated on the basis of a 360 -day year of twelve 30 -day months) until the principal sum is paid or has been provided for. This Bond will bear interest from the most recent Interest Payment Date to which interest has been paid or, if no interest has been paid, from the date of original issue hereof. The principal of and premium, if any, on this Bond are payable upon presentation and surrender hereof at the principal office of Bond Trust Services Corporation, in Roseville, Minnesota (the "Bond Registrar "), acting as paying agent, or any successor paying agent duly appointed by the Issuer. Interest on this Bond will be paid on each Interest Payment Date by check or draft mailed to the person in whose name this Bond is registered (the "Holder" or 'Bondholder ") on the registration books of the Issuer maintained by the Bond Registrar and at the address appearing thereon at the close of business on the fifteenth day of the calendar month next preceding such Interest Payment Date (the "Regular Record Date "). Any interest not so timely paid shall cease to be payable to the person who is the Holder hereof as of the Regular Record Date, and shall be payable to the person who is the Holder hereof at the close of business on a date (the "Special Record Date ") fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest Notice of the Special Record Date shall be given to Bondholders not less than ten days prior to the Special Record Date. The principal of and premium, if any, and interest on this Bond are payable in lawful money of the United States of America. So long as this Bond is registered in the name of the Depository or its Nominee as provided in the Resolution hereinafter described, and as those terms are defined therein, payment of principal of, premium, if any, and interest on this Bond and notice with respect thereto shall be made as provided in the Letter of Representations, as defined in the Resolution, and surrender of this Bond shall not be required for payment of the redemption price upon a partial redemption of this Bond. Until termination of the book -entry only system pursuant to the Resolution, Bonds may only be registered in the name of the Depository or its Nominee. -2111- 8 21662290 Optional Redemption. The Bonds of this issue (the "Bonds ") maturing on February 1, 2025, and thereafter, are subject to redemption and prepayment at the option of the Issuer on February 1, 2024, and on any date thereafter at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and the principal amounts within each maturity to be redeemed shall be determined by the Issuer; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date, and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each affected registered holder of the Bonds not more than sixty (60) days and not fewer than thirty (3 0) days prior to the date fixed for redemption. Prior to the date on which any Bond or Bonds are directed by the Issuer to be redeemed in advance of maturity, the Issuer will cause notice of the call thereof for redemption identifying the Bonds to be redeemed to be mailed to the Bond Registrar and all Bondholders, at the addresses shown on the Bond Register. All Bonds so called for redemption will cease to bear interest on the specified redemption date, provided funds for their redemption have been duly deposited. Selection of Bonds for Redemption; Partial Redemption. To effect a partial redemption of Bonds having a common maturity date, the Bond Registrar shall assign to each Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers assigned to the Bonds, as many numbers as, at $5,000 for each number, shall equal the principal amount of the Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the principal amount of such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. If a Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar (with, if the Issuer or Bond Registrar so requires, a written instrument of transfer in form satisfactory to the Issuer and Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the Issuer shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of the Bond, without service charge, a new Bond or Bonds having the same stated maturity and interest rate and of any Authorized Denomination or Denominations, as requested by the Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. Issuance; Purpose; General Obligation. This Bond is one of an issue in the total principal amount of $2,720,000, all of like date of original issue and tenor, except as to number, maturity, interest rate, denomination and redemption privilege issued pursuant to and in full conformity with the Constitution and laws of the State of Minnesota and pursuant to a resolution adopted by the City Council on August 11, 2015 (the "Resolution "), for the purpose of providing funds to finance the acquisition of the Mound Transit Center and in connection therewith refund the outstanding Limited Tax Pledge Bonds (Mound Transit Center), Series 2006 of the Housing and Redevelopment Authority in and for the City of Mound, Minnesota, dated December 28, 2006, pursuant to and in full conformity with the Constitution and laws of the State of Minnesota, -2112- 9 7i66229v] including Minnesota Statutes, Chapter 475. This Bond is payable out of the General Obligation Tax Abatement Bonds, Series 2015B Fund of the Issuer. This Bond constitutes a general obligation of the Issuer, and to provide moneys for the prompt and full payment of its principal, premium, if any, and interest when the same become due, the full faith and credit and taxing powers of the Issuer have been and are hereby irrevocably pledged. Denominations; Exchange; Resolution. The Bonds are issuable solely in fully registered form in Authorized Denominations (as defined in the Resolution) and are exchangeable for fully registered Bonds of other Authorized Denominations in equal aggregate principal amounts at the principal office of the Bond Registrar, but only in the manner and subject to the limitations provided in the Resolution. Reference is hereby made to the Resolution for a description of the rights and duties of the Bond Registrar. Copies of the Resolution are on file in the principal office of the Bond Registrar. Transfer. This Bond is transferable by the Holder in person or by the Holder's attorney duly authorized in writing at the principal office of the Bond Registrar upon presentation and surrender hereof to the Bond Registrar, all subject to the terms and conditions provided in the Resolution and to reasonable regulations of the Issuer contained in any agreement with the Bond Registrar. Thereupon the Issuer shall execute and the Bond Registrar shall authenticate and deliver, in exchange for this Bond, one or more new fully registered Bonds in the name of the transferee (but not registered in blank or to "bearer" or similar designation), of an Authorized Denomination or Denominations, in aggregate principal amount equal to the principal amount of this Bond, of the same maturity and bearing interest at the same rate. Fees upon Transfer or Loss. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of this Bond and any legal or unusual costs regarding transfers and lost Bonds. Treatment of Registered Owners. The Issuer and Bond Registrar may treat the person in whose name this Bond is registered as the owner hereof for the purpose of receiving payment as herein provided (except as otherwise provided herein with respect to the Record Date) and for all other purposes, whether or not this Bond shall be overdue, and neither the Issuer nor the Bond Registrar shall be affected by notice to the contrary. Authentication. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security unless the Certificate of Authentication hereon shall have been executed by the Bond Registrar. Qualified Tax - Exempt Obli ag tion. This Bond has been designated by the Issuer as a "qualified tax - exempt obligation" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to happen and to be performed, precedent to and in the issuance of this Bond, have been done, have happened and have been performed, in regular and due form, time and manner as required by law, and that this Bond, together with all other debts of the Issuer outstanding on the date of original issue hereof -2113- 10 7166z29vl and the date of its issuance and delivery to the original purchaser, does not exceed any constitutional or statutory limitation of indebtedness. IN WITNESS WHEREOF, the City of Mound, Hennepin County, Minnesota, by its City Council has caused this Bond to be executed on its behalf by the facsimile signatures of its Mayor and its City Manager, the corporate seal of the Issuer having been intentionally omitted as permitted by law. Date of Registration: BOND REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the Resolution mentioned within. BOND TRUST SERVICES CORPORATION Roseville, Minnesota, Bond Registrar By: Authorized Signature -2114- 11 71662290 Registrable by: BOND TRUST SERVICES CORPORATION Payable at: BOND TRUST SERVICES CORPORATION CITY OF MOUND, HENNEPIN COUNTY, MINNESOTA /s/ Facsimile Mayor /s/ Facsimile City Manager ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common TEN ENT - as tenants by the entireties JT TEN - as joint tenants with right of survivorship and not as tenants in common UTMA - as custodian for (Cust) (Minor) under the Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the above list ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto the within Bond and does hereby irrevocably constitute and appoint attorney to transfer the Bond on the books kept for the registration thereof, with full power of substitution in the premises. Dated: Notice: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. Signature Guaranteed: Signature(s) must be guaranteed by a national bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges or any other "Eligible Guarantor Institution" as defined in 17 CFR 240.17 Ad- 15(a)(2). The Bond Registrar will not effect transfer of this Bond unless the information concerning the transferee requested below is provided. Name and Address: (Include information for all joint owners if the Bond is held by joint account.) -2115- 12 7166229v] PREPAYMENT SCHEDULE This Bond has been prepaid in part on the date(s) and in the amount(s) as follows AUTHORIZED SIGNATURE DATE AMOUNT OF HOLDER -2116- 13 7166229v1 8. Execution. The Bonds shall be in typewritten form, shall be executed on behalf of the City by the signatures of its Mayor and City Manager and be sealed with the seal of the City; provided, as permitted by law, both signatures may be photocopied facsimiles and the corporate seal has been omitted. In the event of disability or resignation or other absence of either officer, the Bonds may be signed by the manual or facsimile signature of the officer who may act on behalf of the absent or disabled officer. In case either officer whose signature or facsimile of whose signature shall appear on the Bonds shall cease to be such officer before the delivery of the Bonds, the signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. 9. Authentication. No Bond shall be valid or obligatory for any purpose or be entitled to any security or benefit under this resolution unless a Certificate of Authentication on the Bond, substantially in the form hereinabove set forth, shall have been duly executed by an authorized representative of the Bond Registrar. Certificates of Authentication on different Bonds need not be signed by the same person. The Bond Registrar shall authenticate the signatures of officers of the City on each Bond by execution of the Certificate of Authentication on the Bond and by inserting as the date of registration in the space provided the date on which the Bond is authenticated, except that for purposes of delivering the original Bonds to the Purchaser, the Bond Registrar shall insert as a date of registration the date of original issue of September 10, 2015. The Certificate of Authentication so executed on each Bond shall be conclusive evidence that it has been authenticated and delivered under this resolution. 10. Registration; Transfer; Exchange. The City will cause to be kept at the principal office of the Bond Registrar a bond register in which, subject to such reasonable regulations as the Bond Registrar may prescribe, the Bond Registrar shall provide for the registration of Bonds and the registration of transfers of Bonds entitled to be registered or transferred as herein provided. Upon surrender for transfer of any Bond at the principal office of the Bond Registrar, the City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of registration (as provided in paragraph 9) of, and deliver, in the name of the designated transferee or transferees, one or more new Bonds of any Authorized Denomination or Denominations of a like aggregate principal amount, having the same stated maturity and interest rate, as requested by the transferor; provided, however, that no Bond may be registered in blank or in the name of "bearer" or similar designation. At the option of the Holder, Bonds may be exchanged for Bonds of any Authorized Denomination or Denominations of a like aggregate principal amount and stated maturity, upon surrender of the Bonds to be exchanged at the principal office of the Bond Registrar. Whenever any Bonds are so surrendered for exchange, the City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of registration of, and deliver the Bonds which the holder making the exchange is entitled to receive. All Bonds surrendered upon any exchange or transfer provided for in this resolution shall be promptly canceled by the Bond Registrar and thereafter disposed of as directed by the City. -2117- 14 7166229v1 All Bonds delivered in exchange for or upon transfer of Bonds shall be valid general obligations of the City evidencing the same debt, and entitled to the same benefits under this resolution, as the Bonds surrendered for such exchange or transfer. Every Bond presented or surrendered for transfer or exchange shall be duly endorsed or be accompanied by a written instrument of transfer, in form satisfactory to the Bond Registrar, duly executed by the holder thereof or the Holder's attorney duly authorized in writing. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of any Bond and any legal or unusual costs regarding transfers and lost Bonds. Transfers shall also be subject to reasonable regulations of the City contained in any agreement with the Bond Registrar, including regulations which permit the Bond Registrar to close its transfer books between record dates and payment dates. The Finance Director is hereby authorized to negotiate and execute the terms of said agreement. 11. Rights Upon Transfer or Exchange. Each Bond delivered upon transfer of or in exchange for or in lieu of any other Bond shall carry all the rights to interest accrued and unpaid, and to accrue, which were carried by such other Bond. 12. Interest Payment; Record Date. Interest on any Bond shall be paid on each Interest Payment Date by check or draft mailed to the person in whose name the Bond is registered (the "Holder ") on the registration books of the City maintained by the Bond Registrar and at the address appearing thereon at the close of business on the fifteenth day of the calendar month next preceding such Interest Payment Date (the "Regular Record Date "). Any such interest not so timely paid shall cease to be payable to the person who is the Holder thereof as of the Regular Record Date, and shall be payable to the person who is the Holder thereof at the close of business on a date (the "Special Record Date ") fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest Notice of the Special Record Date shall be given by the Bond Registrar to the Holders not less than ten days prior to the Special Record Date. 13. Treatment of Registered Owner. The City and Bond Registrar may treat the person in whose name any Bond is registered as the owner of such Bond for the purpose of receiving payment of principal of and premium, if any, and interest (subject to the payment provisions in paragraph 12) on, such Bond and for all other purposes whatsoever whether or not such Bond shall be overdue, and neither the City nor the Bond Registrar shall be affected by notice to the contrary. 14. Delivery; Application of Proceeds. The Bonds when so prepared and executed shall be delivered by the Finance Director to the Purchaser upon receipt of the purchase price, and the Purchaser shall not be obliged to see to the proper application thereof. 15. Fund and Accounts. There is hereby created a special fund to be designated the "General Obligation Tax Abatement Bonds, Series 2015B Fund" (the "Fund ") to be administered and maintained by the Finance Director as a bookkeeping account separate and apart from all other funds maintained in the official financial records of the City. The Fund shall be maintained -2118- 15 7166229v1 in the manner herein specified until all of the Bonds and the interest thereon have been fully paid. There shall be maintained in the Fund the following separate accounts, to be designated the "Payment Account" and 'Debt Service Account ", respectively. (a) Payment Account. The proceeds of the Bonds, less any amount paid for the Bonds in excess of the minimum bid, shall be deposited in the Payment Account. On or prior to the Call Date, the Finance Director shall transfer $ of the proceeds of the Bonds from the Payment Account to the paying agent for the Refunded Bonds, which sum is sufficient, together with other funds on deposit in debt service fund for the Refunded Bonds, to pay the principal and interest due on the Refunded Bonds on the Call Date, including the principal of the Refunded Bonds called for redemption on that date. The remainder of the monies in the Payment Account shall be used to pay the costs of issuance of the Bonds. Any monies remaining in the Payment Account after payment of all costs of issuance and payment of the Refunded Bonds shall be transferred to the Debt Service Account. (b) Debt Service Account. There are hereby irrevocably appropriated and pledged to, and there shall be credited to, the Debt Service Account: (i) Tax Abatements in an amount sufficient to pay the annual principal payments on the Bonds; (ii) all funds paid for the Bonds in excess of the minimum bid; (iii) collections of all taxes herein levied for the payment of the interest on the Bonds; (iv) on and after the Call Date, any unexpended moneys in the Series 2006 Bond Fund created by the Prior Resolution; and (v) all investment earnings on funds held in the Debt Service Account; and (vi) any and all other moneys which are properly available and are appropriated by the governing body of the City to the Debt Service Account. The Debt Service Account shall be used solely to pay the principal and interest and any premiums for redemption of the Bonds and any other general obligation bonds of the City hereafter issued by the City and made payable from said account as provided by law. No portion of the proceeds of the Bonds shall be used directly or indirectly to acquire higher yielding investments or to replace funds which were used directly or indirectly to acquire higher yielding investments, except (1) for a reasonable temporary period until such proceeds are needed for the purpose for which the Bonds were issued and (2) in addition to the above in an amount not greater than the lesser of five percent of the proceeds of the Bonds or $100,000. To this effect, any proceeds of the Bonds and any sums from time to time held in the Debt Service Account (or any other City account which will be used to pay principal or interest to become due on the bonds payable therefrom) in excess of amounts which under then applicable federal arbitrage regulations may be invested without regard to yield shall not be invested at a yield in excess of the applicable yield restrictions imposed by said arbitrage regulations on such investments after taking into account any applicable "temporary periods" or "minor portion" made available under the federal arbitrage regulations. Money in the Fund shall not be invested in obligations or deposits issued by, guaranteed by or insured by the United States or any agency or instrumentality thereof if and to the extent that such investment would cause the Bonds to be "federally guaranteed" within the meaning of Section 149(b) of the Internal Revenue Code of 1986, as amended (the "Code "). 16. Tax Abatements; Use of Tax Abatements. The Council has adopted the Abatement Resolution and has thereby approved the Tax Abatements, including the pledge thereof to the payment of principal of the Bonds. As provided in the Abatement Resolution, the -2119- 16 71662290 estimated total amount of Tax Abatements, if received as estimated for the full maximum term thereof, is $2,720,000, and therefore the principal amount of the Bonds does not exceed the maximum projected amount of the Tax Abatements. The Council hereby confirms the Abatement Resolution, which is hereby incorporated as though set forth herein. 17. Tax Levy; Coverage Test. To provide moneys for payment of the interest on the Bonds, there is hereby levied upon all of the taxable property in the City a direct annual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of other general property taxes in the City for the years and in the amounts as follows: Year of Tax Levy 2015 -2034 Year of Tax Collection 2016 -2035 Amount See attached Exhibit A The tax levies are such that if collected in full they, together with estimated collections of Tax Abatements, will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the Bonds. The tax levies shall be irrepealable so long as any of the Bonds are outstanding and unpaid, provided that the City reserves the right and power to reduce the levies in the manner and to the extent permitted by Minnesota Statutes, Section 475.6 1, Subdivision 3. 18, General Obligation Pledge. For the prompt and full payment of the principal of and interest on the Bonds as the same respectively become due, the full faith, credit and taxing powers of the City shall be and are hereby irrevocably pledged. If the balance in the Debt Service Account is ever insufficient to pay all principal and interest then due on the Bonds payable therefrom, the deficiency shall be promptly paid out of any other accounts of the City which are available for such purpose, and such other funds may be reimbursed without interest from the Debt Service Account when a sufficient balance is available therein. 19. Defeasance. When all Bonds have been discharged as provided in this paragraph, all pledges, covenants and other rights granted by this resolution to the registered holders of the Bonds shall, to the extent permitted by law, cease. The City may discharge its obligations with respect to any Bonds which are due on any date by irrevocably depositing with the Bond Registrar on or before that date a 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 Bond Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. The City may also discharge its obligations with respect to any prepayable Bonds called for redemption on any date when they are prepayable according to their terms, by depositing with the Bond Registrar on or before that date a sum sufficient for the payment thereof in full, provided that notice of redemption thereof has been duly given. The City may also at any time discharge its obligations with respect to any Bonds, subject to the provisions of law now or hereafter authorizing and regulating such action, by depositing irrevocably in escrow, with a suitable banking institution qualified by law as an escrow agent for this purpose, cash or securities described in Minnesota Statutes, Section 475.67, Subdivision 8, bearing interest payable at such times and at such rates and maturing on such dates as shall be required, without regard to sale and/or reinvestment, to pay all amounts to become due thereon to maturity or, if 2120- 17 7166229v1 notice of redemption as herein required has been duly provided for, to such earlier redemption date. 20. Continuing Disclosure. The City is the sole obligated person with respect to the Bonds. The City hereby agrees, in accordance with the provisions of Rule 15c2 -12 (the "Rule "), promulgated by the Securities and Exchange Commission (the "Commission ") pursuant to the Securities Exchange Act of 1934, as amended, and a Continuing Disclosure Undertaking (the "Undertaking ") hereinafter described to: (a) Provide or cause to be provided to the Municipal Securities Rulemaking Board (the "MSRB ") by filing at www.emma.msrb.org in accordance with the Rule, certain annual financial information and operating data in accordance with the Undertaking. The City reserves the right to modify from time to time the terms of the Undertaking as provided therein. (b) Provide or cause to be provided to the MSRB notice of the occurrence of certain events with respect to the Bonds in not more than ten (10) business days after the occurrence of the event, in accordance with the Undertaking. (c) Provide or cause to be provided to the MSRB notice of a failure by the City to provide the annual financial information with respect to the City described in the Undertaking, in not more than ten (10) business days following such occurrence. (d) The City agrees that its covenants pursuant to the Rule set forth in this paragraph and in the Undertaking is intended to be for the benefit of the Holders of the Bonds and shall be enforceable on behalf of such Holders; provided that the right to enforce the provisions of these covenants shall be limited to a right to obtain specific enforcement of the City's obligations under the covenants. The Mayor and City Manager of the City, or any other officer of the City authorized to act in their place (the "Officers ") are hereby authorized and directed to execute on behalf of the City the Undertaking in substantially the form presented to the City Council subject to such modifications thereof or additions thereto as are (i) consistent with the requirements under the Rule, (ii) required by the Purchaser of the Bonds, and (iii) acceptable to the Officers. 21. Certificate of Registration. A certified copy of this resolution is hereby directed to be filed with the Director of Property Tax and Public Records of Hennepin County, together with such other information as the Director shall require, and there shall be obtained from the Director a certificate that the Bonds have been entered in the Bond Register and that the tax levy required by law has been made. 22. Records and Certificates. The officers of the City are hereby authorized and directed to prepare and furnish to the Purchaser, and to the attorneys approving the legality of the issuance of the Bonds, certified copies of all proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and such other affidavits, certificates and information as are required to show the facts relating to the legality and marketability of the Bonds as the same appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the City as to the facts recited therein. -2121- 18 71662290 23. Negative Covenant as to Use of Bond Proceeds and Protect. The City hereby covenants not to use the proceeds of the Bonds or to use the Project, or to cause or permit it to be used, or to enter into any deferred payment arrangements for the cost of the Project, in such a manner as to cause the Bonds to be "private activity bonds" within the meaning of Sections 103 and 141 through 150 of the Code. 24. Tax - Exempt Status of the Bonds; Rebate. The City shall comply with requirements necessary under the Code to establish and maintain the exclusion from gross income under Section 103 of the Code of the interest on the Bonds, including without limitation (i) requirements relating to temporary periods for investments, (ii) limitations on amounts invested at a yield greater than the yield on the Bonds, and (iii) the rebate of excess investment earnings to the United States. The City expects to satisfy the six month expenditure exemption from gross proceeds of the Bonds as provided in Section 1.148 -7(c) of the Regulations. The Mayor and/or City Manager are hereby authorized and directed to make such elections as to arbitrage and rebate matters relating to the Bonds as they deem necessary, appropriate or desirable in connection with the Bonds, and all such elections shall be, and shall be deemed and treated as, elections of the City. 25. Deemed Designation of Qualified Tax - Exempt Obligations. In order to confirm that the Bonds are deemed designated as "qualified tax exempt obligations" within the meaning of Section 265(b)(3) of the Code, the City hereby makes the following factual statements and representations: (a) each of the Refunded Bonds was designated as a "qualified tax exempt obligation" for purposes of Section 265(b)(3) of the Code; (b) the aggregate face amount of the Bonds does not exceed $10,000,000; (c) the average maturity of the Bonds does not exceed the remaining average maturity of the Refunded Bonds; (d) no part of the Bonds has a maturity date which is later than the date which is thirty years after the date the Refunded Bonds were issued; and (e) the Bonds are issued to refund, and not to "advance refund" the Prior Bonds within the meaning of Section 149(d)(5) of the Code, and shall not be taken into account under the $10,000,000 issuance limit to the extent the Bonds do not exceed the outstanding amount of the Prior Bonds. The City shall use its best efforts to comply with any federal procedural requirements which may apply in order to effectuate the designation made by this paragraph. 26. Supplemental Resolution. The Prior Resolution authorizing the issuance of the Prior Bonds are hereby supplemented to the extent necessary to give effect to the provisions hereof. 27. Prior Bonds; Security and Prepayment. Until retirement of the Prior Bonds, all provisions for the security thereof shall be observed by the City and all of its officers and agents. -2122- 19 7166229vl The Refunded Bonds shall be redeemed and prepaid on the Call Date in accordance with the terms and conditions set forth in the Notice of Call for Redemption attached hereto as Exhibit A, which terms and conditions are hereby approved and incorporated herein by reference. 28. Official Statement. The Official Statement relating to the Bonds prepared and distributed by Ehlers 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. 29. Payment of Issuance Expenses. The City authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment of issuance expenses to K1einBank, Chaska, Minnesota, on the closing date for further distribution as directed by the City's municipal advisor, Ehlers. 30. Severability. If any section, paragraph or provision of this resolution shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this resolution. 31. Headings. Headings in this resolution are included for convenience of reference only and are not a part hereof, and shall not limit or define the meaning of any provision hereof. The motion for the adoption of the foregoing resolution was duly seconded by member and, after a full discussion thereof and upon a vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon the resolution was declared duly passed and adopted. -2123- 20 7166229v1 STATE OF MINNESOTA COUNTY OF HENNEPIN CITY OF MOUND I, the undersigned, being the duly qualified and acting City Manager of the City of Mound, Minnesota, do hereby certify that I have compared the attached and foregoing extract of minutes with the original thereof on file in my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the City Council of the City, duly called and held on the date therein indicated, insofar as the minutes relate to considering proposals and awarding the sale of $2,720,000 General Obligation Tax Abatement Bonds, Series 2015B. WITNESS my hand on August 11, 2015, City Manager 2124- 21 7166229v1 EXHIBIT A Proposals [To be supplied by Ehlers & Associates, Inc.] -2125 - A -1 7166229v] EXTRACT OF MINUTES OF A MEETING OF THE BOARD OF COMMISSIONERS OF THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MOUND, MINNESOTA HELD: , 2015 Pursuant to due call, a regular meeting of the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Mound, Minnesota, was duly held at the City Hall on , 2015, at P.M. The following members were present: and the following were absent: Member introduced the following resolution and moved its adoption: RESOLUTION AUTHORIZING CALLING PRIOR BONDS WHEREAS, the City of Mound, Minnesota (the "City ") proposes to issue its $2,720,000 General Obligation Tax Abatement Bonds, Series 2015B (the "Bonds ") to acquire the Mound Transit Center (the "Facility ") from the Housing and Redevelopment Authority in and for the City of Mound, Minnesota (the "Authority ") and in connection therewith refund the Authority's outstanding Limited Tax Pledge Bonds (Mound Transit Center), Series 2006, dated December 28, 2006 (the "Prior Bonds "). NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Mound, Minnesota: That the Prior Bonds which mature on and after February 1, 2016, shall be redeemed and prepaid on September 16, 2015 (the "Call Date "), in accordance with the terms and conditions set forth in the Notice of Call for Redemption attached as Exhibit A hereto, which terms and conditions are hereby approved and incorporated herein by reference. The motion for the adoption of the foregoing resolution was duly seconded by member and, after a full discussion thereof and upon a vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon the resolution was declared duly passed and adopted. -2126- 7166229v1 STATE OF MINNESOTA HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MOUND, MINNESOTA I, the undersigned, being the duly qualified and acting Secretary of the Housing and Redevelopment Authority in and for the City of Mound, Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing extract of minutes with the original thereof on file in my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the Board of Commissioners, duly called and held on the date therein indicated insofar as such minutes relate to the Resolution Calling Prior Bonds. WITNESS my hand on 2015. Secretary -2127- 2 71662290 EXHIBIT A NOTICE OF CALL FOR REDEMPTION $2,965,000 LIMITED TAX PLEDGE BONDS (MOUND TRANSIT CENTER) SERIES 2006 HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MOUND, MINNESOTA, HENNEPIN COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN that by order of the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Mound, Minnesota, Hennepin County, Minnesota (the "HRA "), there have been called for redemption and prepayment on September 16, 2015 those outstanding bonds of the HRA designated $2,965,000 Limited Tax Pledge Bonds (Mound Transit Center), Series 2006, dated as of December 28, 2006, having stated maturity dates or subject to mandatory redemption in the years 2016 through 2036, inclusive, and totaling $2,625,000 in principal amount and having CUSIP numbers listed below: Year CUSIP Number* 2017 620545 AB 1 2024 620545 AC9 2031 620545 AD7 2036 620545 AE5 The bonds are being called at a price of par plus accrued interest to September 16, 2015, on which date all interest on said bonds will cease to accrue. Holders of the bonds hereby called for redemption are requested to present their bonds for payment, at the office of the Bond Trust Services Corporation, 3060 Centre Pointe Drive, Roseville, Minnesota 55113. Dated: August 11, 2015. BY ORDER OF THE BOARD OF COMMISSIONERS, HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MOUND, MINNESOTA *The HRA shall not be responsible for the selection of or use of the CUSIP numbers, nor is any representation made as to their correctness indicated in the notice. They are included solely for the convenience of the holders. -2128- 7166229vi EXECUTIVE SUMMARY TO: Mound City Council and Staff FROM: Sarah Smith, Community Development Director Rita Trapp, Consulting City Planner DATE: August 4, 2015 SUBJECT: Planning Case No. 15 -14 Board of Adjustment and Appeals Request and Amendments to Conditional Use Permit for Property at 2642 Commerce Boulevard - Gekko Boats REQUEST SUMMARY The applicant, Mark Overbye, on behalf of Gekko Boats, has requested a Board of Adjustment and Appeals determination and is requesting amendments to the Conditional Use Permit (CUP) for the property at 2642 Commerce Boulevard. The request for a Board of Adjustment and Appeals determination is related to whether the proposed 'Boat and Marine Rental' use is consistent with the "Boat and Marine Sales" use category. If the 'Boat and Marine Rental' use is determined to be consistent with the 'Boat and Marine Sales" category, then the use is allowed by conditional use in the B -1 Central Business District. The applicant is requesting approval of an amendment to the CUP to allow boat rental use. The applicant is also requesting an amendment to the existing 2000 Conditional Use Permit (Resolution No. 00 -74) that restricts the outdoor display or storage of any boats to 72 hours. As Conditional Use Permits run with the property, the applicant is requesting that this restriction be revised to "at will as needed by owner." A City Council public hearing is required for review of the requested CUP amendments. Refer to "Public Hearing" section of the Executive Summary Report on Page 2. PLANNING COMMISSION REVIEW AND RECOMMENDATION The Planning Commission reviewed this case at their July 7, 2015 meeting. Draft minutes from the meeting have been prepared for your review. No comments have been received on the project. The Planning Commission had extensive discussion on the operations of the rental business and parking needs. The Planning Commission recommended 7 -1 to recommend approval of the Board of Adjustment and Appeals request and the CUP amendment(s) with the findings identified by Staff. The dissenter felt that the requested 'Boat and Marine Rental' use -2129- was not appropriate and so voted against both requests. He felt that the ability for the applicant to provide demonstrations was enough to support boat sales and that boat rentals were not appropriate. In approving the request, the Planning Commission revised some of the conditions recommended by Staff, including adding a requirement that the parking lot be striped and removing the limit to the outdoor display or storage of boats. The Planning Commission agreed that the rental use should be limited to 4 boats at this time and that at least 9 parking stalls should be provided on the site. PUBLIC HEARING City Code requires the City Council to hold a public hearing for the proposed amendments to the Conditional Use Permit which includes publication and mailed notice of the public hearing a minimum of ten days in advance of the public hearing date. A public hearing notice was published in the Laker on July 25, 2015 and mailed to property owners, per Hennepin County tax records, within 350 feet of the subject site on July 30, 2015. RECOMMENDATION Given Staff and Planning Commission recommendation for approval, draft resolutions have been prepared for your consideration. ADDITIONAL INFORMATION ® As provided by MS 15.99, Subd. 3 (f), the City of Mound, on July 21, 2015, executed a 60 -day extension for action on the submitted CUP application and Board of Appeals and Adjustment request. With the extensions, the City's current deadlines for action on the CUP and appeals request are September 24, 2015 and October 19, 2015 respectively. • Per discussion with the applicant on 8/6, supplemental site and staging information is being prepared and will be presented at the meeting. -2130- CITY OF MOUND RESOLUTION NO. 15- RESOLUTION GRANTING APPROVAL OF BOARD OF ADJUSTMENT AND APPEALS REQUEST FOR PROPERTY AT 2642 COMMERCE BOULEVARD PID NO. 23- 117 -24 -14 -0008 WHEREAS, Mark Overbye, on behalf of Gekko Boats submitted a Board of Adjustment and Appeals request for a determination that a Boat and Marine Rental use is consistent with the Boat and Marine Sales use category listed in Section 129 -135; and WHEREAS, the Boat and Marine Sales use is allowed in the B -1 District through a conditional use permit; and WHEREAS, the request was reviewed and processed pursuant to City Code Section 129 -32 Appeals to the Board of Appeals and Adjustment, and WHEREAS, as set forth in City Code Section 129 -32, the Board of Appeals and Adjustment is the City Council; and WHEREAS, City Code Section 129 -32 requires review of all appeals by the Planning Commission prior to review by the City Council; and WHEREAS, details regarding the request are contained in Planning Report No. 15 -14; and WHEREAS, the request was considered by the Planning Commission at its July 7, 2015 meeting and recommended for approval, as recommended by Staff; and WHEREAS, the application was reviewed by the City Council at its August 11, 2015 meeting; and WHEREAS, the City Council's action on the request was made with the timelines of MS. 15.99; and WHEREAS, the request is approved for the property legally described on the attached Exhibm. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mound, Minnesota, to approve the aforementioned request from Mark Overbye on behalf of Gekko Boats. Adopted by the City Council this 11th day of August, 2015 Attest: Catherine Pausche, City Clerk -2131- Mark Wegscheid, Mayor Exhibit A -2132- CITY OF MOUND RESOLUTION NO. 15- RESOLUTION TO APPROVE AMENDMENTS TO CONDITIONAL USE PERMIT FOR PROPERTY AT 2642 COMMERCE BOULEVARD PID NO. 23- 117 -24 -14 -0008 WHEREAS, the applicant, Mark Overbye, on behalf of Gekko Boats, has submitted an application for amendments to an existing Conditional Use Permit (CUP) for the property at 2642 Commerce Boulevard; and WHEREAS, the property is zoned B -1 Central Business District and allows boat and marine sales as a conditional use, and WHEREAS, Resolution No. 00 -74 was granted in 2000 approving variances and a CUP to allow boat and marine sales, subject to conditions, including a 72 hour restriction regarding exterior storage /display of boats; WHEREAS, the applicant intends to use the property as is with no building or site modifications; and WHEREAS, in addition to displaying and selling boats, the applicant has requested the ability to rent boats from the property and to remove the 72 hour limit for outdoor display /storage of boats; and WHEREAS, the Council adopted Resolution No. 15 -_ which approved a Board of Adjustment and Appeals request deeming 'Boat and Marine Rentar' use to be similar to the "Boat and Marine Sales" use category in the B -1 District; and WHEREAS, details regarding the proposal are contained in Planning Report No. 15 -14 and the submitted materials from the applicant; and WHEREAS, the Planning Commission reviewed the CUP application at its July 7, 2015 meeting and recommended Council approval, subject to conditions, as recommended by Staff; and WHEREAS, the City Council held a public hearing at its August 11, 2015 meeting to receive public testimony on the proposed CUP application; and WHEREAS, the City has considered the proposed project as it might affect public health, safety or welfare and will be imposing conditions upon the approval addressing these considerations; and WHEREAS, the City Council's action on the CUP application was made with the timelines of MS. 15.99. -2133- NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mound, Minnesota as follows: 1. The City Council of the City of Mound does hereby approve amendments to the Conditional Use Permit (CUP) granted in Resolution No. 00 -74 to remove the 72 hour outdoor boat display /parking restriction and to allow "Boat and Marine Rental" based on the following findings of fact: A. Criteria in Sec. 129 -38 (a) of the City Code are met. B. The proposed Boat and Marine Rental" use can be accommodated in the B -1 Central Business District as long as conditions are met which reduce the impacts of the use on the surrounding properties. C. The site has adequate utilities, access roads, and drainage provided to accommodate the operations. D. The use is consistent with the intent of the Zoning Code and the Comprehensive Plan. The amendments to the conditional use permit are hereby approved subject to the following conditions: A. In accordance with Section 129 -323, the proposed boat rental component of the business is deemed to be consistent with the "Boat and Marine Sales" land use category and therefore allowed by conditional use. B. Gekko shall be limited to the renting of boats that it manufactures. C. The rental use shall be limited to 4 boats. Hours shall be limited to 9 a.m. to one hour past sunset. D. A determination is made that there is a need for 9 striped parking spaces on the site to accommodate employees, wholesale /retail customers, and renters. These parking spaces cannot be used for outdoor storage /display of boats for sale or rent. Determination of whether an accessible parking stall is needed shall be determined by the Building Official and shall be the responsibility of the applicant to address in addition to the required number of parking spaces for the use. E. The City reserves the right to require future evaluation of the site related to the proposed boat rental use, if needed, in the event parking becomes a problem. This may include the review and processing of a CUP amendment, if deemed appropriate. -2134- F. The City reserves the right to require future evaluation of screening requirements should uses on the surrounding residential properties change and the paved strip on the side of the building is used for outdoor display /storage. This may include the review and processing of a CUP amendment, if deemed appropriate. G. A sign permit is required for all future signage that is installed, erected, relocated, modified, altered, or changed on the site. All signage shall conform to Section 119, H. The applicant shall be required to submit all required information upon submittal of the building permit or related applications, when appropriate. I. Payment of all fees associated with review of the applicant's proposal. J. The amendments to the CUP are approved for the following legally described property included on Exhibit A. K. This resolution approving the amendments to the CUP shall be recorded with the County Recorder or the Registrar of Titles in Hennepin County pursuant to M.S.S. 462.36, Subd. 1. This shall be considered a restriction on how this property may be used. L. The applicant shall have the responsibility of filing this resolution with Hennepin County and paying for all costs for such recording or may direct Staff to file such resolution with the involved fees to be taken out of the submitted escrow file. Adopted by the City Council this 11th day of August, 2015. Attest: Catherine Pausche, City Clerk Mark Wegscheid, Mayor -2135- Exhibit A -2136- MINUTE EXCERPTS JULY 7, 2015 Chair Penner called the meeting to order at 7:00 pm. ROLL CALL Members present: Chair Cynthia Penner; Commissioners Jason Baker, Jeffrey Bergquist, Doug Gawtry, David Goode, Jameson Smieja, Pete Wiechert and Jennifer Peterson. Members absent: Bill Stone. Staff present: Community Development Director Sarah Smith, Consultant Planner Rita Trapp and Secretary Jill Norlander. Members of the public: Andy Johnsrud, Watertown; Amy & Dave Roelofs, 4414 Dorchester Rd; Karen Carlson, 1712 Canary La; Tom Wiblishauser, 1712 Canary La; Mark Overbye, 2642 Commerce Blvd; Jim Brand, 1724 Canary La; Troy Koopman, 1732 Canary La. BOARD OF APPEALS B & C. Review of boat rental activities in the B1 District Conditional Use Permit amendment application PC Case 15 -14 2642 Commerce Boulevard Applicant: Mark Overbye from Gekko Boats The applicant has requested a board of adjustment and appeals determination, as well as a conditional use permit amendment for the property. The request for Board of Adjustment and Appeals determination is related to whether the proposed 'Boat and Marine Rental" use is consistent with the "Boat and Marine Sales" use category. The applicant is also requesting an amendment to the existing 2000 Conditional Use Permit. The existing Conditional Use Permit restricts the outdoor display or storage of any boats to 72 hours. The applicant is requesting that the provision to be revised to "at will as needed by owner ". Currently, the building is a showroom and corporate headquarters. Boats for rent are strictly their own product. They also request exterior storage without time limits. The business use table does not identify "rental" (vs. "sales ") as a use. Parking needs to be a sufficient amount of space for customers as well as employees. Ten spaces can be reasonably used for parking. Staff suggests that the number of rentals allowed would be less than what the applicant is requesting. Screening is required when adjacent to residential properties. Staff is recommending no additional screening as, historically, it has not been addressed and there is some existing screening. It was suggested that it could be evaluated in the future for the property to the east. Staff is recommending approval of the CUP amendment with conditions outlined in the report. -2137- Bergquist viewed the property and didn't see 10 spaces. Penner said that one of the parking places is blocking the overhead door into the building. Smith indicated that it must be demonstrated that the site can accommodate the additional vehicles due to the rental activities. Until the amendment is in place they can continue operations under the current CUP. Smieja referenced Section 129.38 (8) and asked about the policy plan for the city under this use. Trapp said that it referred to the comp plan and there is no conflict there. Smieja thought there was lack of detail and a plan. Smith said that staff felt there was enough to move forward with the application. Smieja noted that there was nothing marked on the lot. He thought that parking space markings should be part of something like this. Smith replied that it may be a good idea in this case. To create a safe parking plan is the goal. Gawtry inquired as to the standard parking place size. Smith said it was 9 feet x 18 feet. Gawtry stated that there could be 9 spaces across the front. Boats could be parked at an angle on the side. Bergquist asked for clarification of Boat Sales vs. Boat Rentals in code. Smieja wondered if Boat Rentals should be added to the use chart. Trapp said it may be appropriate to consider at a subsequent date. Goode asked if there was an increase in complaints in launch time delay or congestion following Jet Ski rental. Smith was not aware of any particularly related to that operation. Penner asked if trash removal was being addressed. Trapp said it wasn't on the plan. Baker wanted to know how staff arrived at the number of boats allowed on the site. Trapp said it was a combination of how many to rent and how many could be stored outside on the property. Bergquist said he was for sales but not for rental. Mark Overbye (Shakopee — Gekko owner) explained that the boats are produced in Little Falls. They are high -end boats. First and foremost the business is in manufacturing. We want to be a model tenant; not a typical dealer with shrink - wrapped boats all over the lot. Today it's a virtual business done over the phone delivered to the place of your choice. He asked how staff got to item 2B. Smith indicated that staff assumed that was the intention. Trapp said that it -2138- was thought that you were a manufacturer that wanted to offer your own boats ultimately for sale. He would also like to park a boat or two in front for display. Bergquist asked if he would be attracting more sales reps or customers. Overbye indicated that they would be targeting high end clientele. Customers often want to test drive. Boats are renting for $800 per day. Smieja asked if they had a cleaning plan. Overbye stated that they pretty much just need a towel because they are wiped down as soon as they come back to the lot. He also indicated that the amount of trash generated is minimal. Wiechert doesn't see a parking issue considering the number of cliental that will be willing to spend $800 a day. Smieja concurs. Baker questioned the "24' rentals on the site. He is in favor of rental. Not sure about the parking in front for display. Smith reminded the commission that the ability to display is currently limited to 72 hours unless the CUP is amended. Smieja asked how future amendment of a CUP works. Trapp said that it is usually complaint based. Smieja suggested a limit of 2 rentals to begin with. It will result in less added traffic on the lake as well as cars in the parking lot for the public to have issue with. Baker thought said that, since there was room for 4 -5 boats inside, he wouldn't object to 4 boats outside; overnight limit to 2. A poll of the commissioners indicated a comfort level of 4 boats for rental. Wiechert would be a little more concerned if he didn't have such a high level of credentials required for rentals. Gawtry thought that condition F is sink or swim; B -E should be stricken; if there are problems it could be dealt with. Peterson would go with staff recommendation. Gawtry still wanted to strike D & E. Baker agreed. Smieja, Penner, and Peterson wanted to keep D and strike E adding a requirement to stripe the lot. Bergquist was ok with sales but not with rental. -2139- MOTION by Smieja, second by Baker, to approve staff recommendation regarding sales and rentals as approved activities for the site. MOTION carried. Penner, Baker, Gawtry, Goode, Smieja, Wiechert, and Peterson voting for; Bergquist against MOTION by Gawtry, second by Goode, to recommend approval of the Conditional Use Permit Amendment with staff recommendations, excluding condition E and adding a requirement to stripe the parking lot. MOTION carried. Penner, Baker, Gawtry, Goode, Smieja, Wiechert, and Peterson voting for; Bergquist against Bergquist stated that he doesn't go to a car dealership and rent a car to see if he likes it or not. He takes it for a test drive. -2140- NOTICE OF A CITY COUNCIL PUBLIC HEARING TO CONSIDER CONDITIONAL USE PERMIT APPLICATION REQUESTING AMENDMENTS 2642 COMMERCE BOULEVARD PID NO. 23- 117 -24 -14 -0008 NOTICE IS HEREBY GIVEN that the City Council of the City of Mound, Minnesota, will meet in the Centennial Building (former Mound City Hall), 5341 Maywood Road, Mound, MN, at 7:00 p.m. or as soon as possible thereafter, on Tuesday, August 11, 2015, to hold a public hearing to consider a Conditional Use Permit (CUP) application from Mark Overbye, on behalf of Gekko Boats, which is located at 2642 Commerce Boulevard (PID No. 23- 117- 24 -14- 0008), for an amendment to the existing CUP to remove the condition that restricts the exterior storage of boats to no more than 72 hours. The applicant is also requesting a Board of Adjustment and Appeals determination that "Boat and Marine Rental' use is consistent with the "Boat and Marine Sales" category in the B -1 Central Business District, which is allowed by conditional use, and is requesting a CUP amendment to add boat rental on the subject property. Information regarding the application is available for viewing at City Hall during regular office hours or by appointment. All persons appearing at said hearing in reference to the above will be given the opportunity to be heard at this meeting. By: Sarah Smith, Community Development Director Published in the Laker on July 25, 2015 -2141- PH_(952)472 -0600 FAX: (952) 472 -0620 WEB- www.cityofmound.com July 30, 2015 Dear Property Owner and Interested Parties The City of Mound has received a Board of Adjustment and Appeals request and a Conditional Use Permit (CUP) amendment application from Mark Overbye, on behalf of Gekko Boats, which is located at 2642 Commerce Boulevard in Mound, MN. The Board of Adjustment and Appeals application requests the classification of watercraft rental as a similar use as "boat and marine sales." This classification would allow watercraft rental as a conditional use in the B -1 District. The applicant is requesting an amendment to the existing CUP to allow watercraft rental and to remove the condition which restricts exterior boat parking to 72 hours. As your property is located within (350) feet of the subject site, you are receiving an official public notice about the upcoming City Council public hearing for review of the CUP amendment, to be held at 7:00 p.m., or as soon as possible thereafter, on Tuesday, August 11, 2015 in the Council Chambers in the Centennial Building (former City Hall), 5341 Maywood Road, Mound MN, at which time formal public comment will be taken. A copy of the public hearing notice has been included on the reverse side of this letter. Copies of the applications and supporting materials are on file at City Hall and available for viewing during regular office hours which are as follows: Monday through Thursday 7:30 a.m. to 5:00 p.m. Friday 7:30 a.m. to 11:30 a.m. If you have any questions regarding this letter or the submitted application, feel free to contact me at 952- 472 -0604 or by email at Sarahsmith @cityofmound.com. Sincerely, Sarah Smith, Community Development Director -2142- prated on recycled paper • 1 1� I a • U) w C) CD I I n a --0 CC) Z = Z N O CD O BCD N QW� CT Co T t7 Cn W -0 O O �� o� 3 � cn 0 3 �U CQ Cn O CD CD CD CO CD 0 3 co C7 CD CQ < O r-+ TO: Planning Commission FROM: Rita Trapp, Planning Consultant Sarah Smith, Community Development Director DATE: July 2, 2015 PLANNING CASE NO. 15 -14 SUBJECT: Board of Adjustment and Appeals and Conditional Use Permit APPLICANT: Mark Overbye, Gekko Boats LOCATION: 2642 Commerce Boulevard MEETING DATE: July 7, 2015 COMPREHENSIVE PLAN: Linear District ZONING: B -1 Central Business District BACKGROUND The applicant, Mark Overbye, has requested a board of adjustment and appeals determination, as well as a conditional use permit amendment for the property at 2642 Commerce Boulevard. The request for a Board of Adjustment and Appeals determination is related to whether the proposed 'Boat and Marine Rental" use is consistent with the "Boat and Marine Sales" use category. If the `Boat and Marine Rental" use is determined to be consistent with the 'Boat and Marine Sales" category, then the use is allowed by conditional use in the B -1 Central Business District. The applicant is also requesting an amendment to the existing 2000 Conditional Use Permit (Resolution #00 -74) as Conditional Use Permits run with the property rather than the applicant. The existing Conditional Use Permit restricts the outdoor display or storage of any boats to 72 hours. The applicant is requesting that the provision to be revised to "at will as needed by owner." REVIEW PROCEDURE Appeal to the Board of Adjustment and Appeals City Code Section 129 -32 governs the use of the Board of Adjustment and Appeals for an interpretation of the City Code. In the City of Mound, the Board of Adjustment and Appeals is the City Council. Prior to review and action by the City Council, review by the Planning Commission is required. Below are the applicable excerpts from Sec. 129 -32: 2145- ak Sec. 129 -32. Appeals to the board of adjustment and appeals. (a) The board of appeals and adjustments shall be the City Council. The Planning Commission shall hear and advise the City Council of its findings and determinations. (b) The board of adjustment and appeals shall act upon all questions as they may arise in the administration of this chapter, including the interpretation of zoning maps, and it shall hear and decide appeals from and review any order, requirement, decision, or determination made by an administrative official charged with enforcing the chapter. Such appeal may be taken by any person aggrieved or by any officer, department, board or bureau of a town, municipality, county or state. (c) The conditions for the issuance of a variance are as indicated in section 129 -39. No use variances (a use different from that permitted in the district) shall be issued by the board of adjustment and appeals. (d) Hearings of the board of adjustment and appeals shall be held within such time and upon such notice to interested parties as is provided in its adopted rules for the transaction of its business. The board shall, within a reasonable time, make its order deciding the matter and shall serve a copy of such order upon the appellant or petitioner by mail. Any party may appear at the hearing in person or by agent or attorney. (e) The board of adjustment and appeals may reverse or affirm wholly or partly or modify the order, requirement, decision, or determination as in its opinion ought to be made to the premises and to that end shall have all the powers of the officer from whom the appeal was taken and may issue or direct the issuance of a permit. The reasons for the board's decision shall be stated. Conditional Use Permit Sec. 129.38 requires that all requests for conditional use permits are reviewed by the Planning Commission and also requires that a public hearing be held by the City Council. Procedurally, state statute requires that the planning agency and /or governing body must hold a public hearing on all requests for conditional use permits. As of this date, no City Council public hearing date has been scheduled. Sec. 129 -38. Conditional use permits. (a) Criteria. A conditional use permit is required for conditional uses. In granting a conditional use permit, the City Council shall consider the advice and recommendations of the Planning Commission and the effect of the proposed use upon the health, safety, morals and general welfare of occupants of surrounding lands. Among other things, the City Council may make the following findings where applicable: (1) The conditional use will not be injurious to the use and enjoyment of other property in the immediate vicinity for the purposes already permitted, nor substantially diminish and impair property values within the immediate vicinity. (2) The establishment of the conditional use will not impede the normal and orderly development and improvement of surrounding vacant property for uses predominant in the area. -2146- (3) Adequate utilities, access roads, drainage and other necessary facilities have been or are being provided. (4) Adequate measures have been or will be taken to provide sufficient off - street parking and loading space to serve the proposed use. (5) Adequate measures have been or will be taken to prevent or control offensive odor, fumes, dust, noise and vibration, so that none of these will constitute a nuisance, and to control lighted signs and other lights in such a manner that no disturbance to neighboring properties will result. (6) The use, in the opinion of the City Council, is reasonably related to the overall needs of the city and to the existing land use. (7) The use is consistent with the purposes of this chapter and the purposes of the zoning district in which the applicant intends to locate the proposed use. (8) The use is not in conflict with the policy plan of the city. (9) The use will not cause traffic hazards or congestion. (10) Existing adjacent uses will not be adversely affected because of curtailment of customer trade brought about by the intrusion of noise, glare or general unsightliness. (11) The developer shall submit a time schedule for completion of the project. (12) The developer shall provide proof of ownership of the property to the zoning officer. (13) All property taxes, special assessments, municipal utility fees, including, but not limited to, water and sewer bills, and penalties and interest thereon have been paid for the property for which the permit has been submitted. (b) Additional conditions. In permitting a new conditional use or the alteration of an existing conditional use, the City Council may impose, in addition to those standards and requirements expressly specified by this chapter, additional conditions which the City Council considers necessary to protect the best interest of the surrounding area or the community as a whole. The conditions may include, but are not limited to, the following: (1) Increasing the required lot size or yard dimension. (2) limiting the height size or location of buildings. (3) Controlling the location and number of vehicle access points. -2147- (4) Increasing the street width (5) increasing the number of required off- street parking spaces (6) Limiting the number, size, location or lighting of signs. (7) Requiring diking, fencing, screening, landscaping or other facilities to protect adjacent or nearby property. (8) Designating sites for open space. Any change involving structural alterations, enlargement, intensification of use, or similar change not specifically permitted by the conditional use permit issued shall require an amended conditional use permit and all procedures shall apply as if a new permit were being issued. The planning staff shall maintain a record of all conditional use permits issued including information on the use, location, and conditions imposed by the City Council, time limits, review dates, and such other information as may be appropriate. 60 -DAY PROCESS The CUP application was submitted on May 28, 2015 and was deemed to be "complete" for review on June 18, 2015. The Board of Appeals and Adjustment request was submitted and deemed complete for review on June, Pursuant to Minnesota State Statutes Section 15.99, the City of Mound has sixty (60) days to approve or deny the land use request unless an extension is executed by the City in accordance with state rules. Minnesota Statutes 645.15 sets forth the procedures for determining "Day 1" for the purpose of CUP application of the 60 -day rule and was determined to be May 29, 2015. "Day 1" for the Board of Appeals and Adjustment request was determined to be June 23, 2015. SITE INFORMATION The 9,951 square foot property is located along Commerce Boulevard south of Bartlett Boulevard. The property has a structure that was constructed in 1965 just 4.9 feet from the rear property line. The property shares a public access /driveway with Surfside Park and Beach and Chapman Place. The property was previously used for the Mahogany Bay business. A Conditional Use Permit (CUP) was granted for this property in August of 2000. The conditional use permit allowed the operation of a boat and marine sales and merchandise business with the following conditions: 1. All sales or storage of any merchandise shall be located within the building and outside display or storage of any boats shall be limited to 72 hours. 2. The parking lot shall be paved to city standards within 18 months of the approval of the resolution. 3. A hardcover variance of 60% was recognized 4. A building setback variance of 45 feet from the adjoining residential district was recognized. -2148- The conditional use permit was amended in October of 2001 to provide an extension to the condition regarding paving the driveway due to existing site drainage problems affecting multiple properties that needed to be resolved. The applicant was given until October 1, 2002 to address the paving requirement. A second amendment to the conditional use permit was granted in September of 2002, extending the time limit for paving the parking lot to May 30, 2003. Paving of the parking lot has been completed. STAFF /CONSULTANT /AGENCYREVIEW Copies of the request and supporting materials were forwarded to all City departments for review and comment. Members are advised that some comments received during review have been addressed and are, therefore, not included in this report. See additional comments provided below: Matthew Cook, The District has no concerns with the application based on its MCWD understanding that the project is related to the use of the site rather than any additional construction. Dan Faulkner, There are no engineering concerns about the request. City Engineer Kandis Hanson, Clarification should be provided by the applicant as to the type of City Manager watercraft rental that will be included. The number of boats allowed should be regulated as part of the conditional use permit. City Manager Hanson advised that there is an agreement between the City and DNR about the public launch at Surfside Park and Beach. Eric Hoversten, Public No issues concerning this request. Works Director Ned Nelson, Hennepin No issues with this request. County Transportation Melissa Manderschied, The request for an amendment that states parking "at will as City Attorney needed by the owner" will be difficult to enforce. It is recommended that a max cap over some certain period of time or location be adopted so that it is measurable. While boat rentals are similar to boat and marine sales, there are potential impacts that are more substantial, such as short -term, in- out traffic and parking considerations. Conditions to address those impacts should be identified. A finding should be specifically made explaining why boat and marine sales are similar to boat rentals. .. Greg Nybeck, LMCD No issues with this request. Additional Comment: A copy of the CUP materials submitted by the applicant on May 28th was also forwarded to the Hennepin County Sheriff's Department Water Patrol. DISCUSSION 1. Included in the packet is information provided by applicant to the City that provides additional information about the business and request. Some key points from the memo include: a. 2642 Commerce is Gekko Boat's new corporate headquarters and showroom. Gekko is a manufacturer of boats specifically for waterskiing and wake sports. The business currently has a service center in Delano and rents boats in Shakopee. While Gekko will offer boats for retail sale, the applicant indicates that much of their business is wholesale and the facility will be used to showcase Gekko boats to dealers. Gekko would like to start renting its boats from this location to provide consumers an opportunity to try the boats and, hopefully, lead to future sales. b. The business will have office hours Monday through Friday from 9:00 a.m. to 5:00 p.m. Rental hours are proposed to be 10 a.m. to 7 p.m. daily, May through October. Boats will be offered in half and full day periods during the rental hours. c. The property currently has three (3) full -time employees and one (1) part -time employee. After 5 p.m. on weekdays and on the weekend the expected on -site staff is one (1) full -time person and two (2) part -time people. d. Gekko boats range from 20' to 24' in size. The number of rental boats is expected to range from 2 to 6 units. The applicant indicated that there could be up to 5 boats available for the 2015 season. e. The intent is for people to use the Gekko boats on Lake Minnetonka although they will not preclude transporting them off site. In general, Gekko staff will launch and retrieve the rental boats using Surfside Park and Beach. f. The boats will be stored either inside or secured with coupler locks on the trailers, outside with custom boat covers. The applicant is requesting the removal of the existing CUP provision which limits outdoor storage to 72 hours. 2. The property is zoned B -1 Central Business District. The property to the north is also zoned B -1. The property to the south is R -3 and the property to the east is R -1. While there are no front setbacks, setbacks are required to be 50 feet on the side and rear -2150- where the property abuts residential zoning districts. For this property, the 50 foot setback is required for the south side yard and the east rear yard. The 2000 Conditional Use Permit recognized that a building setback variance of 45 feet exists due to the historical placement of the building on the lot. Thus, the setbacks for the property have already been addressed. 3. As identified in Sec. 129 -136, the minimum lot size in the B -1 District is 7,500 square feet. This property meets the requirement as is it 9,951 square feet. 4. Impervious surfaces / hardcover in business zoning districts cannot exceed 75% of the total lot area per the City's Shoreland Management Ordinance. According to the 2000 Conditional Use Permit the site is approximately 90% hardcover. The 2000 Conditional Use Permit recognized a hardcover variance of 60 %. The applicant has not proposed additional hardcover as part of this application. Impervious surface coverage, therefore, has already been addressed. Sec 129 -135, the business use table, does not identify "Boat and Marine Rental" as a use. However, "Boat and Marine Sales" is listed as a conditional use in the B -1 District. A Board of Adjustment and Appeals request has been made by the applicant to determine whether the proposed use of the property for "Boat and Marine Rental" falls into the category of "Boat and Marine Sales." The applicant has submitted a request for the Planning Commission and City Council for interpretation of the proposed use as provided in Sec. 129 -21. Staff's position is that the proposed use is similar to that of "Boat and Marine Sales" and could be appropriately addressed through a conditional use permit. In making this determination it may be helpful to be aware that in 2013 the City determined that the rental of personal watercraft and canoes fell within the "Boat and Marine Sales" use category. The determination was made for Bay Rentals that is located next door at 2630 Commerce Boulevard. Bay Rentals also has a Conditional Use Permit that addresses their operations. 6. Sec. 123 -323 states that uses that are not specifically listed on the parking table are determined by the Planning Commission and City Council. The intent of parking regulations is to ensure there are a sufficient number of spaces to accommodate employees, as well as customers. Spaces are intended to be located on the same property and required off - street parking spaces cannot be used for storage of vehicles for sale or rent. -2151- While a scaled parking plan has not been submitted by the applicant, the applicant did provide a graphic representation of the parking plan that shows 13 spaces on the property. Staff concurs that there are likely 7 spaces along the front of the building and 3 spaces along Commerce Boulevard. Given City Code requirements that spaces needed to be 9 by 18 feet in size and driveway /access areas need to be 24 feet in width, Staff does not believe the paved surface along the side of the building can qualify for parking. Staff does note that the area may be able to be used for the storage /display of boats. Determination will also need to be made, in consultation with the Building Official, regarding the need for one or more accessible parking spaces. With respect to need, the applicant has indicated that during the week there will be up to 4 employees, while at night and on the weekends there would be 3 employees. Gekko is requesting to have available between 2 and 6 boats for rental. It is assumed that these renters would generally park on site as it is intended that the Gekko employees are launching the boats at the nearby public launch at Surfside Park and Beach. Parking would also need to accommodate dealers and retail customers looking to purchase a boat. Based on the information provided by the applicant, Staff would suggest there is a need for at least 10 spaces. As noted previously these spaces would need to be specifically dedicated and not used for the storage /display of boats. Staff would, therefore recommend, that the outdoor display /storage of boats be limited to the side of the building and be limited to no more than 2 -4 boats at any given time. With this range Staff would be comfortable with removing the time limit for the outdoor display /storage of boats, however, additional discussion with the applicant may better define what is feasible. It should be noted that off - street parking areas containing more than 4 spaces must be located at least 5 feet from an adjacent lot zoned or used for residential purposes. The current parking lot appears to meet this requirement so the applicant is advised that the parking lot cannot be expanded if additional parking would be needed. Parking regulations also require fencing for parking lots exceeding 6 spaces that are adjacent to a residential district. Given that the site has been historically used for commerce and the applicant is not expanding the parking area, Staff does not recommend additional fencing for the site. Staff also notes that there is a current line of trees that separates this parking lot from the adjacent Chapman Place parking lot that serves the screening purpose. -2152- 7. Screening and Buffering. Where any business is adjacent to property zoned or developed for any residential use, that business or industry shall provide screening along its boundary with the residential property. As noted previously, there is a line of trees located between this property and Chapman Place which addresses this requirement. Screening has historically not been provided along the east property line. The existing building is located 4.9 feet from the rear property line so no additional screening is possible in that location. There is a 24.8 foot strip of paved area along the side of the building. Currently, the property to the east is heavily vegetated and provides its own screening. Thus, Staff is not recommending that additional screening be provided at this time. Staff notes that the need for screening may be revisited in the future depending on the use of the paved area and the proximity of residential uses on the property to the east. 8. Landscaping. A landscaping plan is included on the list of "additional information" that may be reasonably required for CUP requests. At this time no changes are proposed to the property, so Staff is not recommending a landscape plan be prepared. 9. Signage. Signage regulations for the B -1 District are contained in Sec. 119. The applicant has indicated that all signage will be consistent with the City's requirements. Members are advised members are advised numbers are advised that a sign permit for a conforming wall sign on the west facing side of the building was recently issued. 10. Dumpster. City Code Sec.. 4 -21 includes dumpster regulations. Additional discussion with the applicant as part of the meeting regarding refuse is suggested. STAFF RECOMMENDATIONS 1. Staff recommends the Planning Commission recommend to Council that the boat rental use proposed by the applicant is consistent with the "Boat and Marine Sales" category which is allowed by conditional use in the B -1 Central Business District in that the use is a reasonable expansion of services for a boat and marine sales business. The determination is in recognition of recent market trends in Mound whereby businesses not directly located on the lake can reasonably operate a boat and marine rental business. -2153- 2. Staff recommends the Planning Commission recommend Council approval of the requested CUP amendment subject to the following list of minimum conditions: A. In accordance with Sec. 129 -323, the proposed boat rental component of the business shall be deemed to be consistent with the "Boat and Marine Sales" land use category and therefore allowed by conditional use. B. Gekko shall be limited to the renting of boats that it manufactures. C. The rental use shall be limited to 4 boats. Hours shall be limited to 9 a.m. to one hour past sunset. D. A determination is made that there is a need for 9 parking spaces on the site to accommodate employees, wholesale /retail customers, and renters. These parking spaces cannot be used for outdoor storage /display of boats for sale or rent. Determination of whether an accessible parking stall is needed shall be determined by the Building Official and shall be the responsibility of the applicant to address in addition to the required number of parking spaces for the use. E. Outdoor display or storage of boats for sale or rental shall be limited to 2 -4 and shall be located along the side of the building. F. The City reserves the right to require future evaluation of the site related to the proposed boat rental use, if needed, in the event parking becomes a problem. This may include the review and processing of a CUP amendment, if deemed appropriate. G. The City reserves the right to require future evaluation of screening requirements should uses on the surrounding residential properties change and the paved strip on the side of the building is used for outdoor display /storage. This may include the review and processing of a CUP amendment, if deemed appropriate. H. A sign permit is required for all future signage that is installed, erected, relocated, modified, altered, or changed on the site. All signage shall conform to Sec. 119. 1. The applicant shall be required to submit all required information upon submittal of the building permit or related applications, when appropriate. J. Payment of all fees associated with review of the applicant's proposal. -2154- K. This conditional use permit is approved for the following legally described property as stated in the Hennepin County Property Information System: (to be inserted) L. This conditional use permit shall be recorded with the County Recorder or the Registrar of Titles in Hennepin County pursuant to M.S.S. 462.36, Subd. 1. This shall be considered a restriction on how this property may be used. M. The applicant shall have the responsibility of filing this resolution with Hennepin County and paying for all costs for such recording or may direct Staff to file such resolution with the involved fees to be taken out of the submitted escrow file. The business use may not commence until a recorded copy of the resolution has been provided or received by the City. CITY COUNCIL REVIEW In the event recommendation (s) are received from the Planning Commission, they will be forwarded to the City Council for review at an upcoming meeting to include a public hearing for the CUP as required by the City Code. At this time, a possible meeting date has not yet been determined. -2155- 2415 Wilshire Boulevard, Mound, MN 55364 Phone 952 - 472 -0600 FAX 952- 472 -0620 APPLICATION 00� *� isp', W0000"O probr.mTr Application Fee and Escrow Deposit required at time of application. Planning Commission Case No._ no...,.... f_. nr nrinf thn fmirnuinn infnrmntinnr Description of Proposed Use: Eixpand parkin,'; CUP from 3 da =,s to 'at \ail:f as mxdcd Uj owner." And, Kidd I @n' tlaj?: alinr0, in'} , hoat rontais. Conditional Use Permit Info "2156" (1/2/2015) Page 4 of 5 PROPERTY Subject Address 2642 C'ominerce Blvd Mound. MN 55364 INFORMATION Name of Business (iCkko Boats LEGAL DESCRIPTION Lots) Block Subdivision PID# APPLICANT The applicant is: Owner X Other _ Email Name Mark ON c rbye Address 264. Cot- nmerce Blvd, Mound, MN `5164 Phone Home W "2 445 5445 Work r)52 226 6900 Cell E -Mail Address Fax Name Email OWNER (if other than Address applicant) Phone Home Work Cell Name Email ARCHITECT, SURVEYOR, Address OR ENGINEER Phone Office Cell Fax ZONING Circle: R -1 R -1A R -2 R B -1 B -2 B -3 DISTRICT Description of Proposed Use: Eixpand parkin,'; CUP from 3 da =,s to 'at \ail:f as mxdcd Uj owner." And, Kidd I @n' tlaj?: alinr0, in'} , hoat rontais. Conditional Use Permit Info "2156" (1/2/2015) Page 4 of 5 Planning Commission Case No. 16,14 EFFECTS OF THE PROPOSED USE: List impacts the proposed use will have on property in the vicinity, including, but not limited to traffic, noise, light, smoke /odor, parking, and describe the steps taken to mitigate or eliminate the impacts. Will add value to the community presenting a vibrant. active business. N'o neaati%e impact. If applicable, a development schedule shall be attached to this application providing reasonable guarantees for the completion of the proposed development. Estimated Development Cost of the Project: $ Has an application ever been made for zoning, variance, conditional use permit, or other zoning procedure for this property? ( ) yes, 0 no. If yes, list date(s) of application, action taken, resolution number(s) and provide copies of resolutions. Application must be signed by all owners of the subject property, or explanation given why this is not the case. Marl, Overbve Print Applicant's Name Applicant's Signature 5.2 ?.1 Date Print Owner's Name Owner's Signature Date Print Owner's Name Owner's Signature Date City Code Section 129 -38 relating to Conditional Use Permits must be reviewed by the applicant. If applying for a two family dwelling, City Code Section 129 -102 must be reviewed by the applicant. Conditional Use Permit Info -2157- (1/2/2015) Page 5 of 5 W"Al ng :e FFgn ` ?�FFrkS" IN �A «g P9 Ai ge �. 1 ,sae's ra rx•�),00'(a..e; —'S� I � "O I y °� � v ._____.___J 41v .,r Hill s D F$ga ^: €ss$iPg3: j5, 34s'• -a o is P$ i� £ i ® e g gsPgg¢'n 3F °F.r fi4 ;QI 9 0 cgs 3m s}gg Fj mm ,azr m:.�m i CO ` { om s°c § C 0 yy 4Pg� �j HARRY S. 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Your letter of June 18 correctly defines the request to amend the existing CUP in two areas: 1. Remove the 72 hour boat parking limitation; 2. Include language approving boat rentals. In my attempt to properly address the questions posed in your letter I've numbered the responses concurrent with the question/ comment. in alignment with the current CUP, Gekko is in the business of marketing and selling boats and boat /marine products at the 2642 Commerce Blvd address. Gekko is also the manufacturer of Gekko boats. Consistent with the sales and marketing of its boats, Gekko wishes to offer for rent its boats as well. Gekko boats are priced in a premium category, often with retail sales prices exceeding $75,000. As part of the natural selling process for such products, Gekko offers demo rides, much like any other similar marine retailer. Consumers transitioning to buyers tend to have a higher conversion rate upon having a hands -on, on -water experience. The purpose of offering rentals is to expand the demo experience for potential buyers in addition to creating an additional revenue stream. Regarding the similarity of process, Gekko believes that offering rentals helps consumers over the buying hurdle by offering an opportunity where buyers can familiarize themselves with the product over a longer time frame and have the price of the rental also apply to the purchase price of the boat. As a result, having the option to rent is an "extended demo" advantage that is integral to the boat selling process. In addition, Gekko's direct neighbor at 2630 Commerce Blvd. offers jet skis and other watercraft for rent increasing consumer's interest in Gekko's boats for rent. Gekko has had consumers walk in and request Gekko rentals at this location and believes that rentals can help grow its business plus providing a service to the local community that no other operator currently offers. While there are other boat rental operators on Lake Minnetonka, some with over 20 boats available, none offer tow boats. 2. n/a 3. n/a 4. Rental hours are 10 -7 each day, May through October. Boats are offered in half or full day periods during the rental hours. An expected rental scenario is a boat familiarization process that includes operational instructions, explanation of legal and lake regulations followed by a launching. The boat familiarization and paperwork process is typically done inside and renters usually don't return until the end of the half or full day rental period. 5. After 5pm Monday through Friday and on weekends, the expected on -site staff is one full time person and two part time people. Since not all of Gekko's 3 full time and 1 part time Monday to Friday staff will be involved in the rental operation, there will be fewer people on site during rental period hours after 5pm and on weekends. In total, Gekko's staff will only grow by one part time, seasonal person during the May- October period. 6. a. Gekko boat sizes range from 20' to 24' with the anticipated rental boats being 22' and 23' Gekko REVO models powered by a single inboard engine. The number of rental boats is expected to range from 2 to 6 units depending upon the success of the rentals. This style of boat is popular for water sports and is the #1 industry growth segment of fiberglass boats. -2164- While some Lake Minnetonka rental operators' rental fleets are comprised of 20 or more rental boats, no other rental operator offers tow boats, presumably because of their high cost. b. The operation will use the Surfside landing but there is no need for parking there nor use of the park since the launch and retrieval process can begin and end on Gekko's property. Gekko staff will launch and retrieve the rental boats for a more positive consumer experience as well as expedience at the launch. c. It's possible, but not recommended, that a customer could pick up a rental boat and take it to another lake. 7. In addition to approximately 13+ outside parking spaces, Gekko can put 4 -5 boats inside. Since the rental business is designed to support retail sales, rental boats on display inside are expected to inspire both retail sales activity as well as rentals. Essentially, no more boat parking is required since boats on display inside will be used as rental boats. There is sufficient customer parking as well on site for the expected number of rental customers even in a maximum situation. In addition, there is public parking nearby and in the Mound ramp. & No additional lighting is proposed or required. No additional fencing is proposed or required. 9. Boats will either be stored inside or secured with coupler locks on the trailers, outside with attractive, custom boat covers on the boats. 10. No additional signage is required at this time. 11. Boats will be fueled while on their trailers at gas stations in Mound or elsewhere. 12. Gekko boats conform with US Coast Guard, ABYC and NMMA industry standards and are CE approved for global use. In addition, Gekko has proactively contacted the Lake Minnetonka Water Patrol for compliance information and preliminary inspection. -2165- August B, 2000 WHEREAS, F. Todd Warner, applicant, has submitted a request for a conditional use permit to operate boat and marine sales and merchandise business in the property located at 2642 Commerce Blvd., and; VvHEREALS, the property is zoned B -1 Central Business District and allows boat sales as a conditional use, and; WHEREAS, the property encompasses approximately 10,000 square feet and has about 90 percent existing hardcover, and; WlIEREAS, the applicant intends to use the property as it is with no building or site modifications, and; VjHE,REAS, the business would operate as a display and sales of classic wooden boats and accesories, and; WHEREAS, the Planning Commission has reviewed the request and recommended approval of the conditional use permit as recommended by staff; and, NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Mound, Minnesota as follows: 1. The City does hereby grant a conditional use permit and associated variances with the following conditions: a. Require all sales or storage of any merchandise be located within the building and outside display or storage of any boats to be limited to 72 hours. b. The parking lot be paved to city standards within 18 months of the approval of this resolution. C. Recognize a hardcover variance of 60% is granted. d. Recognize a building setback variance of 45 feet from the residential district. -2166- August 8, 2000 2. This Conditional use permit is granted for the following new legally described property: 3. The property owner shall have the responsibility of filing this resolution with Hennepin County and paying all costs for such recording. The foregoing resolution was moved by Councilmember Brown and seconded by Councilmember Weycker. The following Councilmembers voted in the affirmative: Ahrens, Brown Hanus and Weycker. The following Councilmembers voted in the negative: none. Mayor Meisel were absent and excused. 1/119�zf�I- Attest City Clerk SSIMARK HANUS Acting Mayor 2167- • `• . . • , ALLOWS WHICH OPERATION OF • AT 2642 COMMERCE BOULEVARD t • • 00 WHEREAS, the applicant, F. Todd Warner, has submitted a request to amend the conditional use permit which was approved on August 8, 2000 to allow operation of Mahogany Bay, a boat and marine sales and merchandise business located at 2642 Commerce Boulevard; and WHEREAS, the conditional use permit which was previously approved was made subject to the following conditions: 1. Require all sales or storage of any merchandise to be located within the building and outside display or storage of any boats to be limited to 72 hours. 2. The parking lot be paved to City standards within 18 months of the approval of the resolution. 3. Recognize a hardcover variance of 60°% is granted. 4. Recognize a building setback variance of 45 feet from the residential district. MY WHEREAS, the property is zoned B -1 Central Business District and allows boat sales as a conditional use; and -2168- Resolution No. 01 -95 WHEREAS, the current business operations at Mahogany Bay includes sales and display of classic wooden boats and accessories; and WHEREAS, the applicant has requested that Condition # 2 which requires paving of the parking lot to City standards within 18 months be removed due to an existing multi -party drainage problem in and around the subject property; and WHEREAS, the City Engineer has verified that there existing site drainage problems associated with the subject site and adjacent areas; and WHEREAS, applicant has indicated that he intends to pave the parking lot following resolution of the surface drainage problem; and WHEREAS, the Planning Commission held a public hearing on October 15, 2001 regarding the request and recommended approval of the conditional use permit amendment as recommended by staff. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Mound, Minnesota as follows: 1. The City does hereby grant the conditional use permit with the following conditions: a) The request shall be made subject to any forthcoming comments from City staff or Hennepin County. b) The condition which requires paving within 18 months following approval of Resolution 00 -74 be extended until October 1, 2002. c) A meeting with all involved parties including, but not limited to, the applicant, the adjacent property owner(s), Hennepin County and the City of Mound be set up to discuss resolution of the drainage problem including payment thereof. 2. This conditional use permit is approved for the following legally described property: See Exhibit A The foregoing resolution was moved by Councilmember Hanus and seconded by Councilmember Brown. -2169- Resolution No, 01.95 The following Councitmembers voted in the affirmative: Broom, Hanus, Meisel, Anderson and Meyer. The following Councitmembers voted in the negative: None. Adopted by the City Council this 23d day of October, 2001. SS /Pat Meisel Mayor Pat Meisel SS /Bonnie Ritter Attest: Bonnie Ritter, Acting City Clerk -2170- Resolution No. 01 -95 EXHIBIT A Legal Description — Mahogany Bay That part of Government Lot 1, Section 23, Township 117, Range 24, described as commencing at a point on the Southerly line of Chapman Place, (now Bartlett Boulevard) as dedicated in the plat of Mound Bay Park, distant 100 feet Easterly along said Southerly line from the Easterly line of Lake Avenue (now Commerce Boulevard) as dedicated in said plat of Mound Bay Park; thence Southerly parallel with the Easterfy line of said Commerce Boulevard, a distance of 100 feet, to the actual point of beginning: thence continue southerly along said parallel line, a distance of 100.00 feet: thence Westerly parallel with the Southerly tine of said Bartlett Boulevard a distance of 100 feet to the Easterly line of said Commerce Boulevard: thence Northerly along aid Easterly line, a distance of 100 feet: thence Easterly parallel with said southerly line to the point of beginning. -2171- i# ! t WHICH ALLOWS OPERATION MAHOGANY AT 2642 COMMERCE BOULEVARD PID # 22- 112 -21 -14 -0008 WHEREAS, the applicant, Dave Bortner of Mahogany Bay, has submitted a request to amend the conditional use permit which was approved on August 8, 2000 which allows operation of Mahogany Bay, a boat and marine sales and merchandise business located at 2642 Commerce Boulevard; and WHEREAS, the conditional use permit issued on August 8, 2000 was approved subject to the following conditions: 1. Require all sales or storage of any merchandise to be located within the building and outside display or storage of any boats to be limited to 72 hours. 2. The parking lot be paved to city standards within 18 months of the approval of the resolution. 3. Recognize a hardcover variance of 60% is granted. 4. Recognize a building setback variance of 45 feet from the residential district; WHEREAS, the conditional use permit was amended on October 23, 2001 and the timeframe for completion of paving activities was extended until October 1, 2002; and WHEREAS, the applicant has requested an extension that requires paving of the parking lot by October 1, 2002 due to an existing multi -party drainage problem in and around the subject property; and -2172- Resolution No. 02-93,, Legal Description — Mahogany Bay. That part of Government Lot 1, Section 23, Township 117, Range 24, described as commencing at a point on the Southerly line of Chapman Place, (now Bartlett Boulevard) as dedicated in the plat of Mound Bay Park, distant 100 feet Easterly along said Southerly line from the Easterly line of Lake Avenue (now Commerce Boulevard) as dedicated in said plat of Mound Bay Park; thence Southerly parallel with the Easterly line of said Commerce Boulevard, a distance of 100 feet, to the actual point of beginning: thence continue southerly along said parallel line, a distance of 100.00 feet: thence Westerly parallel with the Southerly line of said Bartlett Boulevard a distance of 100 feet to the Easterly line of said Commerce Boulevard: thence Northerly along aid Easterly line, a distance of 100 feet: thence Easterly parallel with said southerly line to the point of beginning. -2173- BUSINESS AND INDUSTRIAL DISTRICTS Sec. 129 -135. Allowable uses. Within the business and industrial districts, no building or land shall be used except for one or more of the following uses. P = Permitted Use C = Conditional Use A = Accessory Use (- i = Not Allowed 0-1 B -2 0-3 t -1 Non Non Non Non Use Shore G.D. R.D. Shore G.D. R.D. Shore G.D. R.D. Shore G.D. R.D. Accessory Dutdoor Retail Uses c C C Accessory Buildings Other than Garages and Accessory - - C C C Sheds - - - Accessory Sheds A A A A A A A A A Adult Establishments P P P Animal Hospital C c C C c c Assembly /Storage of; - - - - - - - - - C C C 1. Apparel 2, Food Products 3. Glass 4, Leather 5. Pottery 6. Lumberand Wood Products 7, Paper Products 8. Rock and Stone Products 9. Textiles 10. Tobacco Products 11, Fabrication Metal 3 Products f 12. Machinery and pliances Transportation ent id Bulk Storage C c C - - - - - c C c A II Bank P P P P P Barber and Beauty Shops P P P P P P P P P Boat and Marine Sales C c c c c c - - - c c C Buildings Over 35 Feet in Height c c C Business or Trade School P P P P P P P P P Bus Terminal and Taxi Stands C C C C C c - - - C C c -2174 - Page fit 4 • Sec. 129 -136. Central business district (B -1). (a) Purpose (B -1). This district is established to recognize the unique character of the central business district in terms of land use, height regulations, parking requirements and circulation. (b) Lot area, height, lot width and yard requirements (B -1). The lot area, height, lot width and yard requirements for the B -1 district is as follows: (1) The maximum building height is 35 feet. The maximum building height with conditional use permit is 45 feet. (2) The minimum lot size is 7,500 square feet. (3) Side and rear setback if abutting residential district is the same as the B -2 district. Sec. 129 -137. General business district (B -2). (a) Purpose (B -2). The general business district will allow local retail sales and services along with office space opportunities to serve local population demand and needs of non - highway orientation. This district will encourage compact center for retail sales and services by grouping businesses in patterns of workable relationships, by limiting and controlling uses near residential areas and by excluding highway oriented and other business that tends to disrupt the shopping center or its circulation patterns. (b) Lot area, height, tot width and yard requirements (B -2). The lot area, height, lot width and yard requirements for the B -2 district are as follows: (1) No building shall exceed 35 feet in height. (2) The minimum lot area is 20,000 square feet., (3) The front, side, rear setbacks are 30 feet. (4) The minimum setback from side or rear lot line if abutting any residential district is 50 feet. (5) If the City Council allows more than one building on one lot, an open space equal to half the sum of the heights of the two buildings must be provided between the buildings. (6) Refer to section 129- 316(b), pertaining to screening. (7) The minimum lot width is 80 feet. Sec. 129 -138. Neighborhood business district (B -3). (a) Purpose (B -3). The neighborhood commercial center shall function as a small service area which may supply local retail sales to nearby residents. (b) Lot area, height, lot width, and yard requirements (B -3). The lot area, height, lot width, and yard requirements for the B -3 district are as follows: (1) No building shall exceed 35 feet in height. (2) The minimum lot area is 10,000 square feet. (3) The front, side, rear setbacks are 30 feet. (4) The minimum setback from side or rear residential area is 50 feet. (5) Refer to section 129- 316(b), pertaining to screening. (6) The minimum lot width is 60 feet. (7) All residential uses subject tr i, • -ea, height, and yard requirements for said type of housing as set forth in applica- ,- -2175- CITY OF MOUND ORDINANCE NO. 06 -2014 ORDINANCE AMENDING CHAPTER 50 OF THE MOUND CITY CODE AS IT RELATES TO PARKS AND RECREATION PROHIBITING PRIVATE BUSINESS ON PUBLIC LANDS OR WATERS WITHIN THE MUNICIPAL BOUNDARIES OF MOUND The City of Mound does ordain: Section 1. Article I of Chapter 50 of the Mound City Code is hereby amended to add the following new sections: Section 50 -1. Purpose and intent. The City of Mound is entrusted by the public with the responsibility of managing the public lands, public parks, public commons, public infrastructure, and public property located in the City for the use and enjoyment of all persons. The City parks, green spaces, beaches, waters, piers, trails, parking lots and other public facilities offer opportunities for a broad range of public uses including gatherings, personal and group recreational activities, concerts, picnics and peaceful meditation. The City is committed to providing access and use of parks, green spaces, beaches, waters, piers, trails, parking lots, and other public facilities in order to sustain the quality, accessibility, and vitality of these spaces and facilities now and in the future. The City recognizes that the commercial use of these public resources by private parties can be inconsistent and against the interest of public, deplete public resources, and jeopardize the sustainability of these public resources. In furtherance of this recognition, the City desires to prohibit the sale or rental of goods, products, or services by private parties on property owned or operated by the City when such goods, products, or services are delivered upon sale or rental by the private party selling or renting the good, product, or service except when otherwise permitted by the City Code or the laws and regulations of the State. Sec. 50 -2. Prohibition. Except as otherwise permitted by the City Code or the laws and regulations of the State, the display, offer, or attempt to sell or rent goods, products, or services by private parties is prohibited on property owned or operated by the City when such goods, products, or services are delivered upon sale or rental by the private party selling or renting the good, product, or service. Sec. 50.3. Penalty. Any person found in violation of Section 50 -2 shall be guilty of a misdemeanor. Passed by the City Council this 13th day of May, 2014. Mayor Mark Hanus ATTEST: Catherine Pausche, Clerk Published the 24" day of May, 2014 Effective the 25" day of May, 2014 -2176 - 443597v2 MJM MU220 -2 2415 Wilshire Boulevard Mound, MN 55364 (952) 472 -0604 MEMORANDUM To: Honorable Mayor and City Council From: Sarah Smith, Community Development Director Date: August 4, 2015 Re: August 11, 2015 City Council Regular Agenda Item - Amendment to Public Gathering Permit for 2015 Running of the Bays Half Marathon and 5K Run to Add Dog Walk overview. The City Council, at its June 23, 2015 meeting, approved the Public Gathering Permit for the Running of the Bays Half Marathon and 5K being held on Sat., Sept. 12th. A dog walk activity is proposed to be included with this year's event and is being organized in cooperation with the Westonka Animal Hospital. Details about the dog walk are included in the letter from Mark Wegschied which has been included as an attachment. In general, the dog walk will take place late morning after the runners have come in and will take place on the Dakota Regional Rail Trail with the exception of a 2 -block stretch. Representatives of the Running of the Bay special event have received permission for from the Three Rivers Park District for the additional activity. Requested Action. Approve amendment to Public Gathering Permit for the 2015 Running of the Bays Half Marathon and 5K to add dog walk event, subject to the following conditions: 1. A copy of the final route for the dog walk is provided. 2. All required permits and /or approvals for the add -on activity shall be obtained by Running of the Bays organizers and provided to the City prior to the issuance and release of the Public Gathering Permit. Applicant shall work with the Orono Police Department, the Fire Department, and and the Public Works Department regarding logistics for the upcoming event including, but not limited to, equipment and personnel needs, site set -up and staging, traffic /pedestrian control and circulation, etc. Applicant is responsible for payment of fees for public safety or public services that may apply. -2177- Hi Sarah, The running of the Bays event has had a proposed added feature by the Westonka Animal Hospital. They have proposed a "dog walk ". Due to the obvious nature of the two events we feel there needs to be clear separation to allow for safe events. I proposed that the dog walk be after the runners come in which we expect to be 11:30 last late runners. For obvious reasons I propose they start at the finish line NOT at Grandview where the race starts. The proposal is for them to back track the route from the finish to the drive in, double back and finish at the finish. We expect only a hand full of people and pets. Most of the route with the exception of 2 blocks would be on the trail. The time and route for the event both fall under the original permit doing it this way. I told them they would need to have "sweepers" that were last out and last in to make sure no waste was overlooked and that was agreed to. The addition to the event has received approval by Three Rivers Park District. Thank you, Mark Wegscheid -2178- 2415 Wilshire Boulevard Mound, MN 55364 (952) 472 -0604 MEMORANDUM To: Honorable Mayorand City Council From: Sarah Smith, Community Development Director Date: August 4, 2015 Re: August 11, 2015 City Council Agenda Item - Resolution to Amend Public Gathering Permit for 2015 Dog Days Special Event to Add Dog Agility /Dock lumping Competition Overview. Resolution No. 15 -62 , which was adopted by the Council at its June 9, 2015 meeting, approved the Public Gathering Permit for the 2015 Dog Days special event being held on Saturday, August 22, 2015 in the Auditors Road/ Harbor District from 9:00 a.m. to 2:00 pm. An additional activity has been planned for this year's event which is a dog agility /dock jumping competition which will take place on the Lost Lake Greenway Pier/ Lake Minnetonka. This event is called "Splash for Cash" and is a fundraising effort. Members are advised that a lawful gambling permit is not required as the activity is a competition and is not a game of chance. Requested Action. Adoption of the draft resolution amending Resolution No. 15 -62 that approved the Public Gathering Permit for the 2015 Dog Days event to add the dog agility /dock jumping competition. 2179- RESOLUTION NO. 15- RESOLUTION TO AMEND PUBLIC GATHERING PERMIT FOR WESTONKA COMMUNITY & COMMERCE DOG DAYS TO BE HELD ON SAT, AUG. 22, 2015, TO INCLUDE DOG AGILITY /DOCK JUMPING COMPETITION WHEREAS, the City Council, at its June 9, 2015 meeting, adopted Resolution No. 15- 62 approving the Public Gathering Permit for Westonka Community & Commerce (WCC) to hold the 2015 Dogs Days annual special event in the vicinity of Auditors Road and the Harbor District, subject to conditions; and WHEREAS, a new activity, to include a dog agility /dock jumping competition, is proposed to be added to this year's special event; and WHEREAS, details are summarized in the Staff Memorandum dated August 4, 2015. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Mound, Minnesota, does hereby approve an amendment to the Public Gathering Permit approved for the 2015 Dog Day special event to include the dog agility /dock jumping activity, subject to the following conditions: A copy of the site plan /layout of the event shall be provided for review and approval by Staff. 2. All required permits and /or approvals for the add -on activity (i.e., DNR, LMCD, Hennepin County Sheriffs Water Patrol, etc.) shall be obtained by WCC and provided to the City prior to the issuance and release of the Public Gathering Permit. 3. Applicant shall work with the Orono Police Department, the Fire Department, and the Public Works Department regarding logistics for the upcoming event including, but not limited to, equipment and personnel needs , site set -up and staging, traffic /pedestrian control and circulation, etc. Applicant is responsible for payment of fees for public safety or public services that may apply. Adopted by the City Council this 11th day of August , 2015. Catherine Pausche, City Clerk Chair Mark Wegscheid -2180- We will run the dogs on the dock just left of the main arch by the water. People will buy a ticket for $1.00 (which is part of the WCC donations drive.) for one run. They can run as many times as they like. At the end of the day, we will have a Championship run off. Longest dog jump $125, 2nd $100,3 d $75. *Carpet on dock for no -slip. *Dock stabilized so no movement. Quality docks providing the dock help. *End of dock small platform on the side where someone would stand and throw balls /dummies. Also end of dock covered for safety with an extra dock piece on top. *Ramp for dogs to get out of water after jump will be made to the left of dock. *Measuring PVC floatie placed in water on the right side of dogs landing. *Small anchored boat in water with person writing down jump lengths. *Another boat parked for safety boat. *This area of the channel will be marked off with streamers to have boats go around the island if they need to get to the public docks by the condos /caribou. People will purchase a ticket and can do this as many times as they want from 10- 12:30. We will then take a break to get all the measurements in order. We will write down the top 10 dogs and write their number /name on a big white board so they can come and check out how their dog is doing. People might not want to hang out for several hours so we will also be texting the top 10 dogs at 1pm to let them know they are in the championship jump. Brooks' business card will be given out also with cell number if they want to call in before 1pm and see how they are doing. Information will be given at registration. Liability waivers will be signed. People in place: Registration /tickets Person in measurement boat. Safety boat person. Thrower at end of dock. Person at beginning of dock- handler /dog help. Few other bodies helping where needed. Please let me know if other questions. Hope this looks good! Should be fun. Canvasback, Inc. sponsoring. Brooks Chandler brooks(a)canvasback . coil, 612.306.6841 cell -2181- Fire Commission Meeting Wednesday July 29, 2015 11:00 a.m. — 1:00 p.m. 1. General Information and Updates • Fire District Concept update for West Lakes Area • Meeting Agenda and Goals 2. 2014 and 2015 MFD Financial and Budget • MFD Grant Summary - updated through 2015 • MFD 2014 Year End Fire Fund Reserve Balance - Audited 3. 2016 MFD Financial and Budget • Budget Challenges, Priority Projects, and Considerations • Budget History, Overview, Contributions, Breakdown by City • 2016 Capital Improvement Plan — Apparatus, Equipment, Facility e 2016 "Proposed" MFD Line Item Budget and Discussion • 2016 Budget and Cost Allocation w /Formula Details — approval • Apparatus Replacement Plan — CIP "Concept Approval' 4. Other Miscellaneous • 2015 Fire Commission meeting schedule "Add On Meeting" • Review 2015 -2024 Budget Analysis and Forecast • Approval of a Long Term Financial Plan, including Capital Improvement Plan 5. Adjourn -2182- Mound Fire Department Fire Department Grant Summary Year Description of Grant Items $$ Amount Source 2003 Life Safety Trailer for HazMat - Fully $39,850.00 * UASI /DEC HC Emergency equipped with decontamination and Preparedness detections equipment 2003 800 MHz Radios - mobiles & portables $30,800.00 Metropolitan Radio Board 2004 Federal funds to investigate for cleanup of $24,250.00 U.S. Economic Development the Western Area Fire Training Site Administration (WAFTA) 2004 Firefighter Safety - Fill station, Thermal $23,185.00 FEMA Firefighter Grant Program Imaging Camera, Gas Detector 2005 Self Contained Breathing Apparatus (air $15,750.00 UASI /DEM HC Emergency tanks & masks for firefighters Preparedness 2006 Mobile Data Computers (MDC) for $15,000.00 USA] /Homeland Security installation in the fire apparatus - 3 each 2009 Radio Grant for 800 MHZ Portable $13,225.00 Metro Emergency Services Board - PSIC Grant 2010 Gas Detector Monitors & Calibration $1,900.00 * Centerpoint Energy (50% match System required) 2011 Rehab, Decon, and HazMat Equipment for $6,300.00 HCEP /UASI Homeland Security Life Safety Unit, including Gas Monitors, Cooling Chairs, CO Monitors, Misting Unit 2012 Motorola Fire Pagers - Centerpoint Energy $1,000.00 * Centerpoint Energy Community Matching Grant to buy 4 firefighter pagers Partnership 2012 Firefighter Training $6,509.23 MN Board of Firefighter Training & Education 2013 Live Burn (Idlewood Rd Training Burn) $1,500.00 MN Board of Firefighter Training & Education 2013 Firefighter Training $8,400.00 MN Board of Firefighter Training & Education 2014 2 Mustang Cold Water Rescue Suits, 1 $4,600.00 * Lake Minnetonka Conservation floating water pump, 1 radio with headset District 2014 Firefighter Training $8,400.00 MN Board of Firefighter Training & Education 2015 Hazardous Cleanup Materials, Life Jackets, $4,650.00 * Lake Minnetonka Conservation Ice Rescue Sled, Fire Boat Cover, LED District Spotlight, binoculars, sonar /GPS electronic locator 2015 3 Gas Detector Monitors & Calibration $2,500.00 * Centerpoint Energy Community System Partnership 2015 Firefighter Training $4,074.00 MN Board of Firefighter Training & Education TOTAL $211,893.23 J: \admin \Financial, Budgets, Contract, Expenses \fire department grant summary Applied for But Not Funded Year Description of Grant Items 2006 Self Contained Breathing Apparatus (for daily use, rescue, and general response) 2007 Self Contained Breathing Apparatus and Breathing Air Fill Compressor 2008/09 Tanker Pumper 2500 gallon Apparatus * Homeland Security Assistance to FF 1,000 GMP pump 2008/09 Training funding assistance - Driving Fire $19,130.00 Officer II, HazMat, Fire Motor Operator 2009 Firefighter Training - various classes 2009 Aerial Ladder Truck Refurbish or Replace 2009 Aerial Truck Refurbish or Replace 2011 Personal Protective Equipment - 30 new sets of firefighter boots ($319 /per pair) 2011 Bauer High Pressure 13 CFM 6000 PSI 2013 SCBA Masks 2014 Community Partnership Grant Amount Source $26,310.00 * Homeland Security Assistance to FF Grant $9,543.00 * Homeland Security Assistance to FF Grant $73,601.00 * Homeland Security Assistance to FF Grant $19,130.00 * Homeland Security Assistance to FF Grant $15,975.00 * Homeland Security AFG-FEMA $225,000.00 * Homeland Security AFG-FEMA $935,000.00 * Homeland Security AFG -FEMA $9,750.00 * Homeland Security AFG -FEMA $31,915.00 * Homeland Security AFG -FEMA $1,500.00 * Centerpoint Energy Community Partnership $2,400.00 * Centerpoint Energy Community Partnership Currently Working On 2006/07 Federal Funding to Cleanup Western Area $6,000,000.00 Fire Training Academy site ground contamination issues 2014 24 800 MHz Radios $75,720.00 *Note: Indicates some matching funds required -2184- * U. S. Economic Development Administration * Homeland Security AFG -FEMA J: \admin \Financial, Budgets, Contract, Expenses \fire department grant summary 2185- a a :o c 'a e o 0 a o io o o ai O \ O N O O v 0] K m ti C, 6 a O p O O O O W tT N a O O O O T Cl) Cl) N co Cl) {Oy M C4 [fl 69 N! N T d V C O C N 0 0 o O 0 O 0 O o 0 o O O u m 01 N LO LO 0 0 0 0 0 o A a o w c n (N v a C w w r n� 9`n. � m � a c 0 v n7 N a r` h p N d O 9 cc v N r T Y / /� C d E U Ef9 Eo H9 N Efl H b9 409 69 E9 64) T 69 v � d O NO 0 n 0- v 0 N O O O O O O O O ® O 7 Q = a+ V V to N O V tT to O O 00 O co W In O ttj O 1� r f° U 07 V 01 W V T 6b O O T t0 N t- ti h P, in '�° M W C Q V W N O N V T M A W) t` O r M N T 0) N 0) T OOi r W x 8... 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M N M O lO O p GQ 7 N � O s9 6�4 6N9 � N ¢ N v 7 p 1®I cn N Vl •-r d N CIA m 0 CY D1 O � C O O O O O O O O � r4 o °v W cpo N elf _O Ol IT 7 � 'y^ [fi 69 N fH b Y3 C fH EH GIs N � C N O w '^ � N O O N C CJ -o w jV co w, cl� a% O iG C N y tC OD O ai 21 d � -2186- ^O � N A 0 N rn N 7 h Mound Fire Department 2005 - 2016 Budget and Cost Summary by City Budget wommm NEWER FORMULA Description Total Operating Expenses Change $$$ Change % $ 1 $ 2005 479,300.00 27,890.00 6.17% $ 1 $ 2006 507,930.00 28,630.00 5.97% $ $ 2007 539,730.00 31,800.00 6.26% $ $ 2008 587,333.00 47,603.00 8.82% $ 1 $ 2009 613,434.00 26,101.00 4.44% $ $ 2010 613,658.00 224.00 0.03% $ $ 2011 615,792.00 8,369.00 0.35% $ $ 2012 635,064.00 19,272.00 3.13% $ $ x2013 643,741.00 8,677.00 :. ;1,3,6 ° /n'" $ $ :: 2014- } 672,181.00 28,440.00 4.42% $ $ :;2015.._ 716,392.00 44,211.00 6.58% $ $ a. 2016,5 739,605.00 23,213.00 3;14 °1u MFD Pension Contribution Change $$$ Change % 1 $ 1 $ 118,600.00 2,900.00 2.50% 1 $ 1 $ 122,160.00 3,560.00 3.00% $ $ 125,830.00 3,670.00 3.00% $ 1 $ 129,600.00 3,770.00 3.00% $ 1 $ 133,500.00 3,900.00 3.01% $ $ 137,600.00 4,100.00 3.07% $ $ 141,625.00 4,025,00 3.00% $ $ _ 943,625.00 2,000.0 1 0 11,% $ $ 4a 155,800.00 12,175.00 �8 48(0 $ $ ; #,.f5 147,000.00 (8,800.00) °b $ $ 125,000.00 (22 000 00 $ 125,000.00 $ City of Minnetrista Percentage Change g $$$ Change % $ 1 $ 1 214,125.00 23,81% 22,207.00 11% $ 1 $ 1 221,089.00 24.20% 6,964.00 3.25% $224,945.00 1 $ 23.56% 3,856.00 1.75% $ 1 $ 237,331.00 23.55% 12,386.00 5.51% $ 1 1 $ 1 244,189.00 23.43% 6,858.00 2.89% $ $ 248,725.00 23.63% 4,536.00 1.86% $ $ 253,439.00 23.87% 4,714.00 1.90% $ $ 256,415.00 24.11% 2,976.00 1.17% $ $ 262,636.00 24.26% 6,221.00 2.43% $ $ 270,904.00 24.58% 9,268.00 3.53% $ $ 275,394.00 24.49% 4,490.00 1.66% $ $ Building Rental Change $$$ Change % 1 $ $ 301,410.00 78,680.00 35% $ $ 283,500.00 17,910.00 - 5.94% $ $ 289,160.00 5,660.00 2.00% $ $ 290,840.00 1,680.00 0.58% $ $ 291,776.00 936.00 0.32% $ $ 301,547.00 9,771.00 3.35% $ $ 304,255.00 2,708.00 0.90%"' $ $ 285,000.00 (1S 255.00) $ $ 282 940 00 (2 $ =. 282,940.00 ;0- 60 °r'' $ $ 282 940.00 - $ $ 282,940.00 City of Spring Park Percentage Change $$$ Change % $ $ 82,736.00 9.20% 12,998.00 18.00% 1 $ $ 90,354.00 9.89% 7,61.8.00 9.20% $ $ 95,219.00 9.97% 4,865.00 5.38% 1 $ 1 $ 1 108,840.00 10.80% 13,621.00 14.30% $ $ 116,362.00 11.16% 7,522.00 6.91% $ $ 118,649.00 11.27% 2,287.00 1.96% $ $ 118,554.00 11.17% (95.00) - 0.08% $ $ 121,295.00 11.40% 2,741.00 2.31% $ $ 125, 11.58 11.58% 4,045.00 3.33% $ $ 127,933.00 11.61% 3,047.00 2.43% $ $ 132,189.00 11.76% 4,256.00 3.33% $ $ Total All Expenses Change $$$ Change % $ $ 899,310.00 108,980.00 13% $ $ 913,590.00 14,280.00 1.58% $ $ 954,720.00 41,130.00 4.50% $ $ 1,007,773.00- 53,053.00 5.50% $ $ 1,038,710.00 30,937.00 3.07% $ $ 7,052,805.00 14,095.00 1.36% $ $ 1,061,672.00 8,867.00 0.84% $ $ 1,063,689.00 2,017.00 ` 0.19% $ $ ` 1,082,461.00 18,772.00 .1�7,fi "/o $ $ 1,102,121.00 19,660.00 $ $ 1,124,332.00 22,211-00 $ $ 1,147,545.00 23,213.00 City of Minnetonka Beach Percentage Change Change % $ $ 71,225.00 1 7.92% 9,701.00 15.00% $ $ 76,203.00 8.19% 4,978.00 6.98% $ $ 72,506.00 1 7.59% 1 3,69700 485% $ $ 75,482.00 7.49% 2,976.00 4.10% $ $ 75,804.00 7.27% 322.00 0.42% $ $ 76,564.00 7.27% 760.00 1.0 $ $ 79,062.00 7.45% 2,498.00 3.26% $ $ 81,362.00 7.65% 2,300.00 29 $ $ 82,785.00 7.65% 1,423.00 .75% $ $ 82,517.00 7.49% (2 -0 3F/ $ $ 84,216.00 7.49% 1,699.00 2.06/4 $ ,$ z New Fire Apparatus $ - Contribution by City NEWER FORMULA Description City of Mound Percentage Change $$$ Change % $ $ 2005 508,559.00 56.55% 59,485.00 13.00% $ $ 2006 501,743.00 54.92% 6,816.00 1.35% $ $ 2007 538,794.00 56.43% 37,051.00 7.38% $ $ 2008 560,826.00 55.65% 22,032.00 4.09% $ $ 2009 580,866.00 55.73% 20,040.00 3.57% $ 2010 580,857.00 55.17% ($9.00) 0% $ $ 2011 586,179.00 55.21% 5,322.00 0.92% $ $ 2012, 580,344.00 54.56% (5,835.00) -0.95% $ $ - '2013. 587,116.00 5424% 6,772.00 1.17% $ $ 2014 597,194.00 54.19% 10,076.00 1.72% $ $ :2015 609,285.00 54.19% 12,091.00 2.02% ; $ $ 2016' -<.. 620,272.00 54.05% 10,987.00 1.80% $ 128,367.40 $ 131,734.00 11.621 11.71% $ 3,396.00 1 $ 3,398.00 2.72% 2.65% $ 83,732.60 $ 84,838.67 7.59% 7.54% $ 1,744.20 $ 1,666.00 2,13% 1.99 %0 City of Minnetrista Percentage Change g $$$ Change % $ 1 $ 1 214,125.00 23,81% 22,207.00 11% $ 1 $ 1 221,089.00 24.20% 6,964.00 3.25% $224,945.00 1 $ 23.56% 3,856.00 1.75% $ 1 $ 237,331.00 23.55% 12,386.00 5.51% $ 1 1 $ 1 244,189.00 23.43% 6,858.00 2.89% $ $ 248,725.00 23.63% 4,536.00 1.86% $ $ 253,439.00 23.87% 4,714.00 1.90% $ $ 256,415.00 24.11% 2,976.00 1.17% $ $ 262,636.00 24.26% 6,221.00 2.43% $ $ 270,904.00 24.58% 9,268.00 3.53% $ $ 275,394.00 24.49% 4,490.00 1.66% $ $ 280,575.00 24.45% 5,181.00 1.88% City of Spring Park Percentage Change $$$ Change % $ $ 82,736.00 9.20% 12,998.00 18.00% 1 $ $ 90,354.00 9.89% 7,61.8.00 9.20% $ $ 95,219.00 9.97% 4,865.00 5.38% 1 $ 1 $ 1 108,840.00 10.80% 13,621.00 14.30% $ $ 116,362.00 11.16% 7,522.00 6.91% $ $ 118,649.00 11.27% 2,287.00 1.96% $ $ 118,554.00 11.17% (95.00) - 0.08% $ $ 121,295.00 11.40% 2,741.00 2.31% $ $ 125, 11.58 11.58% 4,045.00 3.33% $ $ 127,933.00 11.61% 3,047.00 2.43% $ $ 132,189.00 11.76% 4,256.00 3.33% $ $ 135,080.00 11.77% 2,891.00 2.19% City of Minnetonka Beach Percentage Change Change % $ $ 71,225.00 1 7.92% 9,701.00 15.00% $ $ 76,203.00 8.19% 4,978.00 6.98% $ $ 72,506.00 1 7.59% 1 3,69700 485% $ $ 75,482.00 7.49% 2,976.00 4.10% $ $ 75,804.00 7.27% 322.00 0.42% $ $ 76,564.00 7.27% 760.00 1.0 $ $ 79,062.00 7.45% 2,498.00 3.26% $ $ 81,362.00 7.65% 2,300.00 29 $ $ 82,785.00 7.65% 1,423.00 .75% $ $ 82,517.00 7.49% (2 -0 3F/ $ $ 84,216.00 7.49% 1,699.00 2.06/4 $ ,$ z 87,783.00 7.65% 3,567.00 4:23 / City of Shorewood Percentage Change $$$ Change % $ $ 22,752.00 2.53% 5,219.00 29% $ $ 26,053.00 2.80% 3,301.00 14.51% $ $ 23,256.00 2.44% (2,997.00 ) - 11..50% $ $ 25,295.00 2.51% 2,001.00 8.60% $ $ 25,002.00 2.40% 294.00 -1,16% $ $ 24,422.00 2.93% (580.00) -2.31% $ $ 24,438.00 2.30% 16.00 0.07% $ $ 24,282.00 2.28% (156.00) -0.64% i $ $ 24,583.00 2.27% 301.00 1.24% $ $ 23,573.00 2.14% (1,010.00 -4.11% $ $ 23,248.00 2.07% (325.00) -1:38% $ $ 23,835.00 2.08% 587.00 2.52% Total Budget Increase % $ 899,310.00 13% $ 913,590.00 1.58% $ 954,720.00 1 4.50% $ 1,007,773.00 5.50% $ 7,038,710.00 3.07% $ 1,052,805.00 1.36% $ 1,061,672.00 0.84% $ 1,063,688.00 0.19% $ 1,082,461.00 1.76% $ 1,102,121.00 1.82% $ 1,124,332.00 2.02% $ 1,147,545.00 Updated 07/28/2015 MFD 13 Yr. Budget 2005 -2016 $ 282 940.00 $ 0:00'k $ 1,124,666.00 $ 21,694.67 5 Year Ave,'. 3 YearAve. $ 598,842.20 $ 608,917.00 54.25% 54.14% $ 6,818.60 $ 11,052.00 1.14% 1.65% $ 263,757.60 $ 275,624.33 24.38% 24.51% $ 5,627.20 $ 6,313.00 2.13% 2.36% $ 128,367.40 $ 131,734.00 11.621 11.71% $ 3,396.00 1 $ 3,398.00 2.72% 2.65% $ 83,732.60 $ 84,838.67 7.59% 7.54% $ 1,744.20 $ 1,666.00 2,13% 1.99 %0 $ 23,904.20 $ 23,552.00 2.17% 2.10% $ 120.60 $ 249.33 -0.47% -0.99% $ 1,104,029.40 $ 1,124,666.00 1.57% 1.97% -2187- F- COD W D a Z W O Q J h LL O a U V co 0 N oIU d 'm J and O E da \4 J d ii N Q d IA c R aa,v_ d 'O �<e C �o A PC o. a d A HI d M O c� U y r co Z O m o c O 0 d� M rA Q T v Y 0 ° oIU d 'm J \,-4r4) O E r o \4 \ d d� E °a �<e uj �o to o. OGJ # d -2 N r co Z m m o c O r cr M rA Q T v Y ° L �o v 0 a � w o o N N N q O M 19 � d d U CL IA o � O o p o o O ' d V_ ` V o o 4 c �l d � d ,, 0 8 0 0 �. LL O N Z o \,-4r4) \,4(4) \4 \ \�O) w v �<e uj W to OGJ # Z r co Z N m W o Z O r cr M rA Q T v Ao A 0 a p 0 ° o o N N q O M 19 O o p o q O a-= m N o IS, y- �l a U, 0 8 0 0 �. o �•°-'� o pW In a 1 �a. N 09 ul o 2 , !►wd � a o. 'p1� Q W to i WLU :, J`t�� '� o � d V'R co 0 0 0 -, d o cl v 0 w c a c 3 LL v d J x T w v U to r m W J O r N M C v 0 w c a c 3 LL v d J x n N Z o m O N 0 a o� b N m O �0 m W F N Z W � W Q K W H N W lr F O O Z � a w � � O J � OFam U U n �.J u LA I 07 OOO N Op � N 'jar O O O N O O N m.ci -.N-o M m m n n u F- d 7 u V N � y fn N C C N N LL' U VJ O y y' @ U C @ �z t� �s do y° -a 2 m N y and m E m u E m m° d cv m ma v t K y i N m y ] ` mma cm Zvo c � mm� m m E~ o`ow T' E E @ W F Q K K K LL IPA N N YV I N N a a Q� 6 V E A Y �i q v E u 9 a v C4 ♦il4� u) �i U F al zrai II bI C L U q N E a Q b L wq v 'q `o ?I U O O r y v V?u m b S S < N V ¢ 061, O 13 N R a F w p i R1 W d N O 5n d Y d q a o E � 'w v. W WN : F R EC 4 u W 3 3 3 3 3 3 3 3 3 S1.4 000 W b b b b N N N N � N N q q N f7 t7 N O O O O O O O O O N N N N N N N N N O S S ti S S O S S OO O O O 8 OO QV 00 O S O (O S O W O N N N N N N N N 8 9 S pS pS V. S S S S b N 0 b O B di fpA Vf % 41 yN� (9 pK S 8O S S O N S O N O S g b r N Vf H K K Vf Vi N (9 K z z z z z z z z z N O Vrl q 4 y L = q w q b 4 V O E d F Y O M O W F O W ,� •OLi u Q � � E .. V q L > tr. pqi F � F U W W U E r O\ T T D\ O O O ep O S O O O O O O O N N N N N N N N N w d aEgi v u q v i Eq t EC Yp YE p6 'C C Y molla M M m m m M R V V PROJECT TITLE: SCHEDULE START: SCHEDULE COMPLETION.: & LOCATION & JUSTIFICATION CITY OF • t' CAPITAL IMPROVEMENT -• Fire Apparatus Replacement Fund Fire Department Fire Truck Replacement Program 2007 On -going Your File Name: CIP2015 Prepared By: G. Pederson PROJ. NO.: Fire 001 LEVEL: 1 - Critical PAGE NO.: 1 of 4 Replacement program that replaces old obsolete fire apparatus with new and better fire apparatus Continue to replace fire trucks to meet the needs of the community and to improve department capabilities FUNDING: By all contract fire service cities including Mound. Approximately 55 - 60 % funded by the city of Mound 1 COST $ 48,000.00 $ 715,000.00 $ 42;000.00 CATEGORY 2013 2014 2015 2016 2017 2018 1) Tanker Pumper 2000 Ga. $27,150.00 $27,150.00 $27,150.00 $25,458.00 $24,820.00 $28,241.00 2) Chief Officer Vehicle $4,988.00 $4,988.00 $4,988.00 $4,492.00 $4,380.00 $4,984.00 3) Duty Officer Vehicle $42,315.00 4) Aerial Ladder 78 ft. $ 62,310.00 $64,473.00 5) EMS Rescue Truck - PU /SUV $48,000.00 5) Fire Pumper 1500 GPM I) Heavy Rescue - Refurbish 3). Utility Pickup Truck $42,000.00', I). Fire Pumper 1500 GPM dotal Expenditures $32,138.00 $74,453.00 $80,138.00 $29,950.00 $91,510.00 $139,698.00 (ruck Fund Contribution $37,101.50 $15,494.00 $48,000.00 $51,000.00 $54,000.00 $57,000.00 -und Addition or Draw Down $0.00 $51,000 00 '.,a'r $ ` i� � ` "$.45 '.` 3- t)1 -'und Balance $319,855.00 $336,041.00 $336,041.00 $387,041.00 $378,731.00 $329,258.00 pparatus Sales Revenue $ 20,000.00 und Balance overall 2013 -2024 Forcast - FINAL Draft 07/24/2015 Capital Improvement -Fire Apparatus - Budget Financial 1 $1 $1 .00 J: \admin \Financial, Budgets, Contract, Expenses\2013 -2024 Budget Forecast \2013 -2024 Capital Improvement Plan - Fire Apparatus CIP2015 (FINAL) 07242015 $213,391.00 $11 197 138,173.00 $0.00 EWE -2191- Mound Fire Department July 28, 2015 CategoryMescrintion Budget Total 2016 ® Operating Expenses Pension Contribution — Relief Assn. Building Rental, Lease, Debt Service Operating Expenses (from above) ® Salaries for all Staff (all inclusive) o Operations and Supplies ® Capital Outlay Salaries for Staff Information: 2016 Budget $ Amount Percent $ 1,147,544.00 100% $ 739,604.00 64.45% $ 125,000.00 10.89% $ 282,940.00 24.66% $ 739,604.00 64.45% $ 429,554.00 37.43% $ 213,600.00 18.61 % $ 96,450.00 8.41 % • Firefighter Response hours 10,200 per year @ $9.50 per hour = $ 96,900.00 • Duty Crew or Duty Officer Pay (in lieu of firefighter response pay) _ $20,400.00 • Firefighter in -house Training hours 3000 per year @ $5.00 per hour = $15,000.00 • Firefighter Station Maintenance hours 980 per year @ $11 per hour = $10,780.00 • Apparatus Heavy Maintenance hours 312 per year @ $14.00 per hour = $4,368.00 • Fire Officer Pay (refer to separate list for officer pay details) = $28,450.00 e Firefighter meetings, PR events, other hours 1600 per year @ $0 per hour = $0 2192- U d 0 o° a 0 ag000 o o 0 o�oo� @ NaDAtO m inn o lov p o�eaw e=noai moe �'i n [t I00O r O m _ M p a` Oo a` a M a` p W p O W 0 W n NNOM 0 0 0 V top N N � @ M tpp r D) N' O N 3 00 M N S O 0 C I PnrrMm @ @ NaDAtO o o d @o o�eaw e=noai moe �'i n o o @o O m O M p a` Oo a` a M a` p W p O W 0 W n NNOM 0 0 0 V top N N � @ M tpp r D) N' O N 3 00 M N S O 0 a NJY EODNOO� O O O N� d O N M M A N N O O O O O O O O O N 6 N S O N d a O D@ N O 0 0 O O NN NIM- -� g [0 O tp Nr 10r Nt0N O @+- NOivrn V N � N 0=� � O N d CD lY @ N 2 O @ a O C I @ NaDAtO o a moe �'i vio�oi o m O N Oo a` a` 0 0 0 0 0 0 O N N � A tpp O VO' @ NJY EODNOO� O O O N� d N m � O O O O O O d ONO�'OQ N d O D@ N O 0 0 O � C' G � ? g [0 01 tp O @+- NOivrn N 0=� CD lY @ @ O O O O O O N O M O f0 a M y MCj mV l0 I": N MC; C m lY S @ a W d 7 mm @ � o o m n YiQOY ZNQ� !- u � m a H W w m 2 Z O z R' z - Uiio ii yNa C I -2194- 7/28/2015 2014 Run Date: 611912014 City of Mound 2014 Assessment - Taxes Payable 2015 rptMoundFireDistriers Machine Est Market Value Total Est Market Value 5 607,424,900 R 280, 023, 000 0 1, 058, 839,400 0 68, 503, 000 N 218,613,600 R 2,233,403,900 Total Taxable 607,384,300 279,993,000 1,058,594,400 68,503,000 218,600,400 2,233,075,100 Market Value Total Net Tax Capacity 6,420,462 3,264,031 10,649,751 746,993 2,578,282 23,659,519 Logic for determining Fire Districts MOUND - MINNETRISTA Fire District All PIDs in Sections 01, 02, & 03 contained in the City of Minnetrista All PIDs in the following Quarter Quarters of Section 04 contained in the City of Minnetrista Quarter Quarters 11, 12, & 13 The following PIDs in Quarter Quarter 34 of Section 09 contained in the City of Minnetrista PIDs 0001, 0002, 0003 & 0004 All PIDs in Quarter Quarter 41 of Section 09 contained in the City of Minnetrista The following PID in Quarter Quarter 42 of Section 09 contained in the City of Minnetrista PID 0007 All PIDs in Sections 10, 11, & 12 contained in the City of Minnetrista All PIDs in the following Quarter Quarters of Section 14 contained in the City of Minnetrista Quarter Quarters 11, 12, 21, 22 & 23 All PIDs in Section 15 contained in the City of Minnetrista All PIDs in the following Quarter Quarters of Section 16 contained in the City of Minnetrista Quarter Quarters 11, 12, 13, 14, 21, & 24 (MOUND - MINNETRISTA Fire District continued on page 2) -2195 - Wednesday, June 25, 2014 Prepared by: Hennepin County Assessor's Office Page ! of MOUND: MOUND: MOUND: MOUND: MOUND: MOUND: MINNETRISTA MTKA BEACH MOUND SHOREWOOD SPRING PARK FIRE DISTRICT Fire District Fire District Fire District Fire District Fire District TOTAL Land Est Market Value 279,817,200 182,452,000 477,604,400 44,996,000 107,140,600 1,092,010,200 Building Est Market Value 327,607,700 97,571,000 581,235,000 23,507,000 111,473,000 1,141,393,700 Machine Est Market Value Total Est Market Value 5 607,424,900 R 280, 023, 000 0 1, 058, 839,400 0 68, 503, 000 N 218,613,600 R 2,233,403,900 Total Taxable 607,384,300 279,993,000 1,058,594,400 68,503,000 218,600,400 2,233,075,100 Market Value Total Net Tax Capacity 6,420,462 3,264,031 10,649,751 746,993 2,578,282 23,659,519 Logic for determining Fire Districts MOUND - MINNETRISTA Fire District All PIDs in Sections 01, 02, & 03 contained in the City of Minnetrista All PIDs in the following Quarter Quarters of Section 04 contained in the City of Minnetrista Quarter Quarters 11, 12, & 13 The following PIDs in Quarter Quarter 34 of Section 09 contained in the City of Minnetrista PIDs 0001, 0002, 0003 & 0004 All PIDs in Quarter Quarter 41 of Section 09 contained in the City of Minnetrista The following PID in Quarter Quarter 42 of Section 09 contained in the City of Minnetrista PID 0007 All PIDs in Sections 10, 11, & 12 contained in the City of Minnetrista All PIDs in the following Quarter Quarters of Section 14 contained in the City of Minnetrista Quarter Quarters 11, 12, 21, 22 & 23 All PIDs in Section 15 contained in the City of Minnetrista All PIDs in the following Quarter Quarters of Section 16 contained in the City of Minnetrista Quarter Quarters 11, 12, 13, 14, 21, & 24 (MOUND - MINNETRISTA Fire District continued on page 2) -2195 - Wednesday, June 25, 2014 Prepared by: Hennepin County Assessor's Office Page ! of (MOUND - MINNETRISTA Fire District continued from page 1) All PIDs in the following Quarter Quarters of Section 22 contained in the City of Minnetrista Quarter Quarters 13, 14, 41, 42, & 43 All PIDs in the following Quarter Quarters of Section 25 contained in the City of Minnetrista Quarter Quarters 13, 23, 24, 41, 42, 43, & 44 All P1 IDS in the following Quarter Quarters of Section 26 contained in the City of Minnetrista Quarter Quarters 11, 12, 13, 14, 21, 22, 23, 24, & 42 All PIDs in Quarter Quarter 11 of Section 27 contained in the City of Minnetrista The following PIDs in Quarter Quarter 12 of Section 27 contained in the City of Minnetrista PIDs 0004 & 0005 MOUND - MINNETONKA BEACH Fire District All PIDS contained in the City of Minnetonka Beach MOUND - MOUND Fire District All PIDS contained in the City of Mound MOUND - SHOREWOOD Fire District All PIDS in the following Quarter Quarters of Section 30 contained in the City of Shorewood Quarter Quarters 13, 23, 24, 31, 32, 33, 34, & 42 MOUND - SPRING PARK Fire District All PIDS contained in the City of Spring Park ` "DISCLAIMER: It is imperative that who ever uses this report be aware that the totals are only as accurate as this criteria we were provided to get the totals for the above described districts. This criteria for each individual district is clearly described (in many cases, down to the PID level) so if these boundaries are inaccurate or have changed for any reason, the totals will thus be incorrect. If there have been any divisions of parcels along the boundaries of these districts and or if the district boundaries have been redrawn for any reason and or you are aware of any inaccuracies you need to let the Hennepin County Assessor's Office know so we can update the report accordingly. The assessor's office does not currently maintain this data in our system but we can manually update the report if you let us know that there is a need to do so. -2196 - Wednesday, June 25, 2014 Prepared by : Hennepin County Assessor's Office Poge 2 of 2 -2197- W, O N W N Lo 0 0 0 (O I I 0 0 Cl) LO N M O V' d' Lo fl- Lo � M O 0 0 t0 N I�r 0 0 W O M c0 t0 N N O O V M O co (D r N r co U O Z U o-. 0 0 0 0 co I— m It LO O (0 LO O O co O Z 1� 'IT N N M r O N c (O U U Q W �x x x x x U- Z d3: LO LO LO LO LO W 00 00 00 00 00 Z co (0 co O m U) C/) LU 0 0 d F- U U U Q W Z Q w 0QJ2i 0� _Z m cow U �` I— pO� �Q y�Fa— a z U) O d N W Z O Y ZZ N d 0C� _ 3:a. p D (D zz waw-j tea- � � t¢- O I z_ z_ p ~ OU LL CO O N !n(n.5; -2197- W, O N W N �r T O LO O T U) 0 OD (N C) NN U U Q W 0] Z C/) O � W W z z z M co V I� co W LO O T Cl) il- rl N , N 0 rn LO -,t O W N T N N , co W O N N Cl N T (D Lo co m CC) T o 0ov Lci (D M Lo T T N N O N M M a r T t() r V T CC) v rn N N M M N O m � O Lc) 0 N M T O O 00 r N Ln co M N U rn (D 0 0 co O LO � doo" 0 r n O 0 0 0 LC) N U N V O T co N v r V z� z W LOo Cl) (D N O Q m a_ J W M O d z W r- N O U¢� Q O rn 00 CD W W z zl M J W Q D Cl) N m � U W O o CO v O F Lij N m a. 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N N N N CO �- z l W Harbor Wine & Spirits July 2015 Date Weather Cust 15 Cust 14 Variance 2015 2014 Difference +/- 7/1/2015 sun 80s 362 364 -2 8712.7 8564.8 147.9 7/2/2015 sunIo 80s 584 443 141 17742.39 10824.58 6917.81 7/3/2015 sun to 80s 970 743 227 30326.26 24031.12 6295.14 7/4/2015 sun to 80s 795 559 236 20629.63 16959.94 3669.69 7/5/2015 598 -598 14743.82 - 1473.82 7/6/2015 rain 75 267 267 5022.11 5022.11 7/7/2015 sun 75 319 317 2 6371.16 6742.68 - 371.52 7/8/2015 sunIo 80s 294 329 -35 5744.72 6858.09 - 1113.37 7/9/2015 sun 84 349 291 58 7277.57 6586.02 691.55 7/10/2015 sun 83 654 375 279 16534 8266.86 8267.14 7/11/2015 sun 88 697 597 100 17709.2 13584.63 4124.57 7/12/2015 611 -611 15066.52 - 15066.52 7/13/2015 sun 90 309 309 6271.02 6271.02 7/14/2015 sun 87 361 314 47 7818.93 6640.37 1178.56 7/15/2015 sun to 80s 336 368 -32 7622.05 8470.41 - 848.36 7/16/2015 rain to 80s 362 338 24 7915.54 6772.54 1143 7/17/2015 sun 90 747 401 346 18533.21 9567.21 8966 7/18/2015 sun hi 80s 839 677 162 20607.78 17336.48 3271.3 7/19/2015 777 -777 19346.33 - 19346.33 7/20/2015 pt sun 77 323 323 7098.15 7098.15 7/21/2015 sun 82 337 369 -32 8634.58 7262.52 1372.06 7/22/2015 sun hi 70s 319 345 -26 7403.74 7052.5 351.24 7/23/2015 sun 82 433 371 62 10915.04 7946.58 2968.46 7/24/2015 humid 87 640 356 284 17954.88 8590.05 9364.83 7/25/2015 SUN 85 763 634 129 18849.22 16501.5 2347.72 7/26/2015 757 19393.53 7/27/2015 sun 84 330 330 6405.77 6405.77 7/28/2015 pt sun 86 332 297 35 7131.28 6023.39 1107.89 7/29/2015 sun wind 80 356 355 1 8202.29 7285.9 916.39 7/30/2015 sun mid 80s 371 369 2 8395.72 8244.22 151.5 7/31/2015 sun mid 80s 719 381 338 18100.96 7557.35 10543.61 TOTALS 13168 12336 10832 323929.9 296220 27709.8 -2204- lkh,t + August 3, 2015 Dear Community Leader: 505 Nicollet Mall PO Box 59038 Minneapolis, MN 55459 -0038 I am writing to inform you that on August 3, 2015, CenterPoint Energy filed with the Minnesota Public Utilities Commission to change its rates for utility distribution service. A rate filing is the regulatory process that public utilities must follow to formally change rates and services for their customers. This filing will affect the rates paid by all of CenterPoint Energy's more than 824,000 customers. The process for changing our rates will take about one year, with interim (temporary) rates implemented on October 2, 2015, and final rates implemented in 2016. For your information, enclosed is a news release covering some of the basic information about our filing. Please contact me if you have any questions or would like additional information about the filing. Information is available at our website at CenterPointEnergy.com /RateCase. Sincerely, i Trey Kuchar District Director 763 - 754 -4142 Enc. -2205- ' rf For Immediate Release For more information contact Becca Virden Phone 612.321.4879 Pager 612,538.1234 Page 1 of 2 CenterPoint Energy files to change natural gas distribution rates for customers in Minnesota Capital investments forsystem safety and reliability are primary drivers for proposed rate change MINNEAPOLIS — August 3, 2015- CenterPoint Energy today filed an application with the Minnesota Public Utilities Commission (MPUC) to change the company's natural gas distribution rates. If approved, the new rates would generate approximately $54 million or 6 percent in additional revenue on an annual basis. The effect on individual monthly bills will vary depending on natural gas use. If approved, the net impact of the new rates will increase the average residential customer's bill by about $5 per month. "Our significant investments, such as our ongoing pipeline replacement programs, maintain the safety and reliability of our natural gas system and benefit our customers and communities," said Joe Vortherms, division vice president of CenterPoint Energy's regional gas operations. "These capital investments, which are the primary reasons for this proposed increase, help ensure that we have a modernized, technologically advanced natural gas system that will continue to meet the needs of customers now and in the future." This filing seeks approval to change the distribution charge on a customer's natural gas bill, which makes up about 40 to 50 percent of the total bill and covers the cost of distributing natural gas. The filing does not apply to the cost of natural gas, which is the wholesale price the company pays for natural gas, and makes up about 50 to 60 percent of the bill. The wholesale price of natural gas changes monthly depending on market prices and is passed on directly to customers with no mark -up. The proposed change affects two components that make up the distribution charge portion of a customer's bill: • First, CenterPoint Energy is proposing to increase the monthly Basic Charge for residential customers from $9.50 to $11.50 a month. • Second, the company is proposing to increase the Delivery Charge from the current $0.18977 per therm (which includes the $0.00519 per therm for the Gas Affordability Service Prop ram) to $0.22405 per therm. The principal reasons CenterPoint Energy is proposing to change base rates are to: ® Recover the company's significant capital expenditures in its Minnesota service area. In accordance with natural gas pipeline safety and integrity regulations, these capital expenditures are necessary to maintain a safe and reliable system, to respond to significant public improvement requirements on the system and to modernize the system with technology improvements. - 2206 -re- • �r For Immediate Release For more information contact Becca Virden Phone 612.321.4879 Pager 612.538.1234 Page 2 of 2 • Establish rates for all customers groups that better reflect the actual costs of providing service to those customers. • Achieve an overall revenue recovery level that meets the company's financial objectives. The MPUC is generally allowed 10 months to issue a final decision on general rate filings, however, if the MPUC approves, interim (temporary) rates are expected to take effect on Oct. 2, 2015, and will be in place until a final decision is made. If the final rates are lower than interim rates, CenterPoint Energy will refund customers the difference including interest. If final rates are higher than interim rates, customers will receive no additional charges for natural gas used while interim rates were in effect. Customers with questions about the proposed change to natural gas distribution rates can call CenterPoint Energy at 612- 372 -4727 or toll -free 800 - 245 -2377, or visit the company's website at CenterPointEnergy.com/RateCase. Additionally, public hearings will be held to provide customers and other interested parties the opportunity to comment on the rate request, followed by formal hearings at the MPUC. CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,400 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at CenterPointEnergy.com. This news release includes forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward - looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward - looking statements. Any statements in this news release regarding future events, such as future regulatory actions on the MPUC application, and any other statements that are not historical facts are forward - looking statements. Each forward - looking statement contained in this news release speaks only as of the date of this release. -2207- ft EHLERS LEADERS IN PUBLIC FINANCE August 11, 2015 Sale Day Report for City of Mound, Minnesota $8,380,000 General Obligation Bonds, Series 2015A n Prepared by: Stacie Kvilvang Senior Municipal Advisor and Jason Aarsvold Municipal Advisor m m m 1- 800 - 552 -1171 1 www.ehlers - inc.com Sale Day Report — August 11, 2015 City of Mound, Minnesota $8,380,000 General Obligation Bonds, Series 2015A Purpose: To finance the 2015 street and utility reconstruction projects within the City; and effect current refundings of the 2006A and 2007A general obligations bonds of the City. Rating: Standard & Poor's Credit Markets "AA" Number of Bids: 6 Low Bidder: Piper Jaffray & Co., Minneapolis, Minnesota Comparison from Low Bid High Bid Interest Difference Lowest to Highest Bid: 2.5138% 2.7160% $143,061 (TIC as bid) Summary of Results: Results of Sale Principal Amount *: $8,380,000 Underwriter's Discount: $31,734 Reoffering Premium: $348,382 True Interest Cost: 2.5316% Costs of Issuance: $80,331 Yield: 0.44% - 3.20% Future Value $ Savings: $234,769 Present Value $ Savings: $194,146 Savings Percentage: 7.218% Total Net P &I $10,747,608 Notes: Bond size was reduced from by $410,000 due to premium bid and reduction in cost of issuance. Due to this, the True Interest Costs of the Bonds was increased slightly to 2.5316 %. Closing Date: August 18, 2015 City Council Action: Resolution authorizing issuance, awarding the sale, prescribing the form and details and providing for the payment of $8,380,000 General Obligation Bonds, Series 2015A. Attachments: A. Bid Tabulation B. Sources and Uses of Funds C. Updated Debt Service Schedules D. Refunding Savings Analysis E. Rating Report (Distributed to Council by staff previously) F. Bond Resolution (Distributed in City Council Packets) Sale Day Report City of Mound, Minnesota $8,380,000 General Obligation Bonds, Series 2015A August 11, 2015 EoHLERS LEA IN PUBLIC FINANCE BID TABULATION $8,790,000* General Obligation Bonds, Series 2015A City of Mound, Minnesota SALE: August 11, 2015 AWARD: PIPER JAFFRAY & CO. Rating: Standard & Poor's Credit Markets "AA" BBI: 3.75% NET TRUE MATURITY REOFFERING INTEREST INTEREST NAME OF BIDDER (February 1) RATE YIELD PRICE COST RATE PIPER JAFFRAY&CO. $9,126,753.30 $2,090,680.87 2.5138% Minneapolis, Minnesota 2016 3.000% 0.440% 2017 3.000% 0.720% 2018 3.000% 0.9000/0 2019 3.000% 1.1000/0 2020 3.000% 1.300% 2021 3.000% 1.500% 2022 3.000% 1.650% 2023 3.000% 1.8000/0 2024 3.000% 1.9000/0 2025 2.000% 2.000% 2026 2.250% 2.150% 2027 2.500% 2.300% 2028 3.000% 2.500% 2029 3.000% 2.600% 2030 3.000% 2.700% 2031' 3.000% 2.900% 2032' 3.000% 2.900% 2033' 3.250% 3.100% 2034' 3.250% 3.100% 2035' 3.500% 3.200% 20361 3.500% 3.200% Subsequent to bid opening the issue size was decreased to $8,380,000. Adjusted Price - $8,696,647.58 Adjusted Net Interest Cost - $2,050,959.92 Adjusted TIC - 2.5316% '$715,000 Term Bond due 2032 with mandatory redemption in 2031. i $585,000 Term Bond due 2034 with mandatory redemption in 2033. '$625,000 Term Bond due 2036 with mandatory redemption in 2035. 1- 800 - 552 -1171 1 www.ehlers- inc.com NET TRUE MATURITY REOFFERING INTEREST INTEREST NAME OF BIDDER (Februmv 1) RATE YIELD PRICE COST RATE BAIRD Milwaukee, Wisconsin FTN FINANCIAL CAPITAL MARKETS Memphis, Tennessee 2016 3.000% 2017 3.000% 2018 3.000% 2019 3.000% 2020 3.000% 2021 3.000% 2022 3.000% 2023 3.000% 2024 3.000% 2025 3.000% 2026 3.000% 2027 3.000% 2028 3.000% 2029 3.000% 2030 3.000% 2031 3.000% 2032 3.000% 2033 3.000% 2034 3.250% 2035 3.250% 2036 3.250% 2016 2.000% 2017 2.000% 2018 2.000% 2019 2.000% 2020 2.000% 2021 3.000% 2022 3.000% 2023 3.000% 2024 2.000% 2025 2.500% 2026 2.500% 2027 2.750% 2028 2.750% 2029 3.000% 2030 3.000% 2031 3.000% 2032 3.250% 2033 3.500% 2034 3.500% 2035 3.500% 2036 3.500% Bid Tabulation City of Mound, Minnesota $8,790,000* General Obligation Bonds, Series 2015A $9,146,584.10 $2,103,611.21 2.5319% $9,029,994.84 $2,151,765.58 2.5945% August 11, 2015 Page 2 NET TRUE MATURITY REOFFERING INTEREST INTEREST NAME OF BIDDER (Februmv 1) RATE YIELD PRICE COST RATE STIFEL NICOLAUS Memphis, Tennessee NORTBLAND SECURITIES, INC. Minneapolis, Minnesom 2016 2.000% 2017 2.000% 2018 2.000% 2019 2.000% 2020 2.000% 2021 2.000% 2022 2.000% 2023 2.000% 2024 2.000% 2025 2.250% 2026 2.250% 2027 2.500% 2028 3.000% 2029 3.000% 2030 3.000% 2031 3.250% 2032 3.250% 2033 3.500% 2034 3.500% 2035 3.500% 2036 3.500% 2016 2.000% 2017 2.000% 2018 2.000% 2019 2.000% 2020 2.000% 2021 2.000% 2022 2.000% 2023 2.000% 2024 2.000% 2025 2.500% 2026 2.500% 2027 3.000% 2028 3.000% 2029 3.000% 2030 3.000% 2031 3.000% 2032 3.050% 2033 3.100% 2034 3.200% 2035 3.250% 2036 3.350% Bid Tabulation City of Mound, Minnesota $8,790,000* General Obligation Bonds, Series 2015A $8,877,140.35 $2,190,372.57 2.6624% $8,824,001.60 $2,193,307.63 2.6857% August 11, 2015 Page 3 NET TRUE MATURITY REOFFERING INTEREST INTEREST NAME OF BIDDER (February 1) RATE YIELD PRICE COST RATE RAYMOND JAMES & $8,970,819.30 $2,233,742.33 2.7161% ASSOCIATES, INC. St Petersburg, Florida 2016 2.000% 2017 3.000% 2018 3.000% 2019 2.000% 2020 3.000% 2021 3.000% 2022 3.000% 2023 3.000% 2024 2.250% 2025 2.250% 2026 2.500% 2027 2.750% 2028 2.750% 2029 2.750% 2030 3.000% 2031 3.125% 2032 3.250% 2033 3.250% 2034 3.500% 2035 3.375% 2036 3.500% Bid Tabulation City of Mound, Minnesota $8,790,000* General Obligation Bonds, Series 2015A August 11, 2015 Page 4 City of Mound, Minnesota $8,380,000 General Obligation Bonds, Series 2015A Issue Summary Total Issue Sources And Uses Dated 09/10/2015 1 Delivered 09/10/2015 Utility Improvement Revenue Cur Ref Cur Ref Issue Portion Portion 2006A 2007A Summary Sources Of Funds Par Amount of Bonds $1,340,000.00 $4,870,000.00 $700,000.00 $1,470,000.00 $8,380,000.00 Reoffering Premium 54,309.30 165,294.50 39,800.70 88,977.45 348,381.95 Planned Issuer Franc contribution - - 150.000.00 125.000.00 275.000.00 Prepaid Assessments 109,492.00 - - - 109,492.00 Total Sources $1,503,801.30 $5,035,294.50 $889,800.70 $1,683,977.45 $9,112,873.95 Uses Of Funds Total Underwriter's Discount (0.379%) 5,074.47 18,442.29 2,650.84 5,566.77 31,734.37 Costs of Issuance 15,726.83 46,349.57 7,725.48 10,529.12 80,331.00 Deposit to Project Construction Fund 1,483,000.00 4,970,000.00 - - 6,453,000.00 Deposit to Current Refunding Fund - - 879,424.38 1,667,881.56 2,547,305.94 Deposit to Proiect Fund(Roundiri - 502.64 - - 502.64 Total Uses $1,503,801.30 $5,035,294.50 $889,800.70 $1,683,977.45 $9,112,873.95 Series 2015A GO Bonds -F I Issue Summery 1 8/112015 1 11'.37 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $8,380,000 General Obligation Bonds, Series 2015A Issue Summary Debt Service Schedule Date Principal Coupon Interest Total P +I Fiscal Total 09/10/2015 - - - - - 62,700.00 - 02/01/2016 245,000.00 3.000% 97,407.50 342,407.50 62,700.00 342,407.50 08/01/2029 08/01/2016 - - 120,675.00 120,675.00 58,050.00 58,050.00 - 02/01/2017 515,000.00 3.000% 120,675.00 635,675.00 58,050.00 756,350.00 - 08/01/2017 31,168.75 08/01/2025 112,950.00 112,950.00 54,850.00 54,850.00 31,168.75 02/01/2018 535,000.00 3.000% 112,950.00 647,950.00 54,850.00 760,900.00 25,618.75 08/01/2018 - - 104,925.00 104,925.00 51,193.75 51,193.75 - 02/01/2019 550,000.00 3.000% 104,925.00 654,925.00 51,193.75 759,850.00 08/01/2019 - - 96,675.00 96,675.00 - 02/01/2020 565,000.00 3.000% 96,675.00 661,675.00 758,350.00 08/01/2020 - - 88,200.00 88,200.00 - 02/01/2021 585,000.00 3.000% 88,200.00 673,200.00 761,400.00 08/01/2021 - - 79,425.00 79,425.00 - 02/01/2022 605,000.00 3.000% 79,425.00 684,425.00 763,850.00 08/01/2022 - - 70.350.00 70.350.00 - 02/01/2023 510,000.00 3.000% 70,350.00 580,350.00 439,137.50 650,700.00 08/01/2028 08/01/2023 - - 62,700.00 62,700.00 - 02/01/2029 - 02/01/2024 310,000.00 3.000% 62,700.00 372,700.00 08/01/2029 435,400.00 - 08/01/2024 - - 58,050.00 58,050.00 365,000.00 3.000% - 02/01/2025 320,000.00 2.000% 58,050.00 378,050.00 - 436,100.00 31,168.75 08/01/2025 - - 54,850.00 54,850.00 31,168.75 401,168.75 - 02/01/2026 325,000.00 2.250% 54,850.00 379,850.00 25,618.75 434,700.00 - 08/01/2026 - - 51,193.75 51,193.75 396,237.50 - 02/01/2027 330,000.00 2.500% 51,193.75 381,193.75 432,387.50 02/01/2028 345,000.00 3.000% 47,068.75 392,068.75 439,137.50 All Inclusive Cost (AIC) 08/01/2028 - - 41,893.75 41,893.75 15,731.25 - 02/01/2029 350,000.00 3.000% 41,893.75 391,893.75 433,787.50 3.250% 08/01/2029 - - 36,643.75 36,643.75 - 02/01/2030 365,000.00 3.000% 36,643.75 401,643.75 438,287.50 08/01/2030 - - 31,168.75 31,168.75 - 02/01/2031 370,000.00 3.000% 31,168.75 401,168.75 432,337.50 5,600.00 08/01/2031 - - 25,618.75 25,618.75 02/01/2036 - 02/01/2032 345,000.00 3.000% 25,618.75 370,618.75 396,237.50 02/01/2033 290,000.00 3.250% 20,443.75 Bond Yield for Arbitrage Purposes 310,443.75 All Inclusive Cost (AIC) 330,887.50 08/01/2033 - - 15,731.25 15,731.25 - 02/01/2034 295,000.00 3.250% 15,731.25 310,731.25 326,462.50 08/01/2034 - - 10,937.50 10,937.50 - 02/01/2035 305,000.00 3.500% 10,937.50 315,937.50 326,875.00 08/01/2035 - - 5,600.00 5,600.00 - 02/01/2036 320,000.00 3.500% 5,600.00 325,600.00 331,200.00 Total $8,380,000.00 - $2,367,607.50 $10,747,607.50 - Yield Statistics Bond Year Dollars $78,447.17 Average Life 9.361 Years Average ConDon 3.0180918% Net Interest Cost (NIC) 2.6144474% True Interest Cost (TIC) 2.5316829% Bond Yield for Arbitrage Purposes 2.3646863% All Inclusive Cost (AIC) 2.6492535% IRS Form 8038 Net Interest Cost 2.4960706% 9.268 Years Series 2015A GO Bonds -F I Issue Summery 1 8111/2015 1 11'.37AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $8,380,000 General Obligation Bonds, Series 2015A Issue Summary Detail Costs Of Issuance Dated 09/10/2015 1 Delivered 09/10/2015 COSTS OF ISSUANCE DETAIL Financial Advisor Bond Counsel Briees and Rating Agency Fee (S &P) $12,700.00 Hennepin County Auditor $275.00 Paying Agent (Bond Trust Services) $528.00 Series 2015A GO Bond s I Issue Su mmary 1 8/112015 1 11:37 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $8,380,000 General Obligation Bonds, Series 2015A Issue Summary Debt Service Schedule Date Principal Coupon Interest Total P +I 105% of Total Assessments Levy /(Surplus) 02/01/2016 245,000.00 3.000% 97,407.50 Average Coupon 342,407.50 359,527.88 Net Interest Cost (NIC) - 359,527.88 2.5316829% 02/01/2017 515,000.00 3.000% 241,350.00 756,350.00 794,167.50 134,880.88 659,286.62 02/01/2018 535,000.00 3.000% 225,900.00 760,900.00 798,945.00 134,880.88 664,064.12 02/01/2019 550,000.00 3.000% 209,850.00 759,850.00 797,842.50 134,880.87 662,961.63 02/01/2020 565,000.00 3.000% 193,350.00 758,350.00 796,267.50 134,880.87 661,386.63 02/01/2021 585,000.00 3.000% 176,400.00 761,400.00 799,470.00 134,880.89 664,589.11 02/01/2022 605,000.00 3.000% 158,850.00 763,850.00 802,042.50 134,880.89 667,161.61 02/01/2023 510,000.00 3.000% 140,700.00 650,700.00 683,235.00 97,394.71 585,840.29 02/01/2024 310,000.00 3.000% 125,400.00 435,400.00 457,170.00 42,195.04 414,974.96 02/01/2025 320,000.00 2.000% 116,100.00 436,100.00 457,905.00 42,195.04 415,709.96 02/01/2026 325,000.00 2.250% 109,700.00 434,700.00 456,435.00 42,195.02 414,239.98 02/01/2027 330,000.00 2.500% 102,387.50 432,387.50 454,006.88 42,195.03 411,811.85 02/01/2028 345,000.00 3.000% 94,137.50 439,137.50 461,094.38 42,195.04 418,899.34 02/01/2029 350,000.00 3.000% 83,787.50 433,787.50 455,476.88 42,195.04 413,281.84 02/01/2030 365,000.00 3.000% 73,287.50 438,287.50 460,201.88 42,195.04 418,006.84 02/01/2031 370,000.00 3.000% 62,337.50 432,337.50 453,954.38 42,195.02 411,759.36 02/01/2032 345,000.00 3.000% 51,237.50 396,237.50 416,049.38 - 416,049.38 02/01/2033 290,000.00 3.250% 40,887.50 330,887.50 347,431.88 - 347,431.88 02/01/2034 295,000.00 3.250% 31,462.50 326,462.50 342,785.63 - 342,785.63 02/01/2035 305,000.00 3.500% 21,875.00 326,875.00 343,218.75 343,218.75 02/01/2036 320,000.00 3.500% 11,200.00 331,200.00 347,760.00 - 347,760.00 Total $8,380,000.00 - $2,367,607.50 $10,747,607.50 $11,284,987.88 $1,244,240.26 $10,040,747.62 ificant Dates Dated 9/10/2015 Yield Statistics Bond Year Dollars $78,447.17 Average Life 9.361 Years Average Coupon 3.0180918% Net Interest Cost (NIC) 2.6144474% True Interest Cost (TIC) 2.5316829% Bond Yield for Arbitraee Pumoses 2.3646863% Sense 2015A GO Bonds -F I Issue Summery 1 8/11/2015 1 11'. 37 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $1,340,000 General Obligation Bonds, Series 2015A Improvement Portion Debt Service Schedule Date Principal Coupon Interest Total P +I 105% of Total Assessments Levy /(Surplus) 02/01/2016 - - 14,951.88 Bond Yield for Arbitrage Purposes 14,951.88 All Iuelusive Cost WC) 15,699.47 - 15,699.47 02/01/2017 70,000.00 3.000% 38,175.00 108,175.00 113,583.75 42,195.03 71,388.72 02/01/2018 70,000.00 3.000% 36,075.00 106,075.00 111,378.75 42,195.04 69,183.71 02/01/2019 75,000.00 3.000% 33,975.00 108,975.00 114,423.75 42,195.03 72,228.72 02/01/2020 75,000.00 3.000% 31,725.00 106,725.00 112,061.25 42,195.03 69,866.22 02/01/2021 80,000.00 3.000% 29,475.00 109,475.00 114,948.75 42,195.04 72,753.71 02/01/2022 80,000.00 3.000% 27,075.00 107,075.00 112,428.75 42,195.03 70,233.72 02/01/2023 80,000.00 3.000% 24,675.00 104,675.00 109,908.75 42,195.03 67,713.72 02/01/2024 85,000.00 3.000% 22,275.00 107,275.00 112,638.75 42,195.04 70,443.71 02/01/2025 90,000.00 2.000% 19,725.00 109,725.00 115,211.25 42,195.04 73,016.21 02/01/2026 90,000.00 2.250% 17,925.00 107,925.00 113,321.25 42,195.02 71,126.23 02/01/2027 90,000.00 2.500% 15,900.00 105,900.00 111,195.00 42,195.03 68,999.97 02/01/2028 95,000.00 3.000% 13,650.00 108,650.00 114,082.50 42,195.04 71,887.46 02/01/2029 95,000.00 3.000% 10,800.00 105,800.00 111,090.00 42,195.04 68,894.96 02/01/2030 100,000.00 3.000% 7,950.00 107,950.00 113,347.50 42,195.04 71,152.46 02/01/2031 100,000.00 3.000% 4,950.00 104,950.00 110,197.50 42,195.02 68,002.48 02/01/2032 65,000.00 3.000% 1,950.00 66,950.00 70,297.50 - 70,297.50 Total $1,340,000.00 - $351,251.88 $1,691,251.88 $1,775,814.47 $632,925.50 $1,142,888.97 Significant Dates Dated 9/10/2015 First Coupon Date 2/01/2016 Yield Statistics Bond Year Dollars 2.8338572% Net Interest Cost (NIC) 2.4366366% True Interest Cost (TIC) 2.3766030% Bond Yield for Arbitrage Purposes 2.3646863% All Iuelusive Cost WC) 2.5195074% Series 2015A GO Bonds -F I Improvement Portion 1 8/11/2015 1 11'.37 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $4,870,000 General Obligation Bonds, Series 2015A Utility Revenue Portion Debt Service Schedule Date Principal Coupon Interest Total P +I Fiscal Total 09/10/2015 330,487.50 - - 08/01/2033 - - - 36,493.75 - 02/01/2016 - - - 56,958.13 3.000% 56,958.13 291,493.75 56,958.13 327,987.50 08/01/2016 08/01/2029 - - 72,712.50 32,668.75 72,712.50 - 10,937.50 - 02/01/2017 185,000.00 3.000% 72,712.50 297,668.75 257,712.50 330,337.50 330,425.00 08/01/2030 08/01/2017 - - 28,693.75 69,937.50 69,937.50 - 02/01/2031 270,000.00 02/01/2018 190,000.00 28,693.75 3.000% 69,937.50 327,387.50 259,937.50 08/01/2031 329,875.00 - 08/01/2018 24,643.75 - - 67,087.50 - 67,087.50 280,000.00 - 02/01/2019 195,000.00 3.000% 67,087.50 262,087.50 329,175.00 08/01/2019 - - 64,162.50 64,162.50 - 02/01/2020 200,000.00 3.000% 64,162.50 264,162.50 328,325.00 08/01/2020 - - 61,162.50 61,162.50 - 02/01/2021 205,000.00 3.000% 61,162.50 266,162.50 327,325.00 08/01/2021 - - 58,087.50 58,087.50 - 02/01/2022 215,000.00 3.000% 58,087.50 273,087.50 331,175.00 08/01/2022 54,862.50 54,862.50 02/01/2023 220,000.00 3.000% 54,862.50 274,862.50 329,725.00 08/01/2023 - - 51,562.50 51,562.50 - 02/01/2024 225,000.00 3.000% 51,562.50 276,562.50 328,125.00 08/01/2024 - - 48,187.50 48,187.50 - 02/01/2025 230,000.00 2.000% 48,187.50 278,187.50 326,375.00 08/01/2025 - - 45,887.50 45,887.50 - 02/01/2026 235,000.00 2.250% 45,887.50 280,887.50 326,775.00 08/01/2026 - - 43,243.75 43,243.75 - 02/01/2027 240,000.00 2.500% 43,243.75 283,243.75 326,487.50 02/01/2028 250,000.00 3.000% 40,243.75 290,243.75 310,443.75 330,487.50 330,887.50 08/01/2028 08/01/2033 - - 36,493.75 36,493.75 15,731.25 - 02/01/2029 255,000.00 02/01/2034 3.000% 36,493.75 291,493.75 15,731.25 327,987.50 310,731.25 08/01/2029 326,462.50 - - 32,668.75 32,668.75 - 10,937.50 - 02/01/2030 265,000.00 3.000% 32,668.75 297,668.75 330,337.50 10,937.50 08/01/2030 315,937.50 - - 28,693.75 28,693.75 - - 02/01/2031 270,000.00 5,600.00 3.000% 28,693.75 298,693.75 02/01/2036 327,387.50 08/01/2031 5,600.00 - - 24,643.75 24,643.75 - 02/01/2032 280,000.00 3.000% 24,643.75 304,643.75 329,287.50 02/01/2033 290,000.00 3.250% 20,443.75 310,443.75 330,887.50 08/01/2033 - - 15,731.25 15,731.25 - 02/01/2034 295,000.00 3.250% 15,731.25 310,731.25 326,462.50 08/01/2034 - - 10,937.50 10,937.50 - 02/01/2035 305,000.00 3.500% 10,937.50 315,937.50 326,875.00 08/01/2035 - - 5,600.00 5,600.00 - 02/01/2036 320,000.00 3.500% 5,600.00 325,600.00 331,200.00 Total $4,870,000.00 - $1,761,658.13 $6,631,658.13 - Yield Statistics Bond Year Dollars $57,562.42 Average Life 11.820 Years Net Interest Cost (NIC) True Interest Cost (TIC) Bond Yield for Arbitraee Pumoses 3.0604311% 2.8053129% 2.7359268% 2.3646863% All Inclusive Cost (AIC) 2.8320506% IRS Form 8038 Net Interest Cost 2.7053814% Weighted Average Maturity 11.719 Years Series 2015A GO Bonds -F I Utility Revenue Portion 1 8/11/2015 1 11'.37 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $700,000 General Obligation Bonds, Series 2015A Cur Ref 2006A Debt Service Schedule Date Principal Coupon Interest Total P +I Fiscal Total 09/10/2015 - - - - - 02/01/2016 85,000.00 3.000% 8,225.00 93,225.00 93,225.00 08/01/2016 - - 9,225.00 9,225.00 - 02/01/2017 95,000.00 3.000% 9,225.00 104,225.00 113,450.00 02/01/2018 100,000.00 1,650.00 111,650.00 3.000% 7,800.00 - $74,225.00 107,800.00 - 115,600.00 08/01/2018 - - 6,300.00 $2,474.17 6,300.00 - 02/01/2019 100,000.00 3.000% 6,300.00 106,300.00 1.4984900% 112,600.00 08/01/2019 1.4426222% - - 4,800.00 2.3646863% 4,800.00 - 02/01/2020 105,000.00 3.000% 4,800.00 109,800.00 1.3007841% 114,600.00 08/01/2020 3.577 Years - - 3,225.00 3,225.00 - 02/01/2021 105,000.00 3.000% 3,225.00 108,225.00 111,450.00 08/01/2021 - 02/01/2022 110,000.00 - 1,650.00 3.000% 1,650.00 1,650.00 111,650.00 - 113,300.00 Total $700,000.00 - $74,225.00 $774,225.00 - Yield Statistics Bond Year Dollars $2,474.17 Average Life 3.535 Years Average Coupon 3.0000000% Net Interest Cost (NIC) 1.4984900% True Interest Cost (TIC) 1.4426222% Bond Yield for Arbitrage Purposes 2.3646863% All Inclusive Cost (AIC) 1.7568307% IRS Form 8038 Net Interest Cost 1.3007841% Weiehted Average Maturitv 3.577 Years Se des 2015A GO Bon ds -F I Cur Ref 2006A 1 8/112015 1 11:37 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $700,000 General Obligation Bonds, Series 2015A Cur Ref 2006A Debt Service Comparison Net New Date Total P +I D/S Old Net D/S 02/01/2016 93,225.00 243,225.00 127,697.50 (115,527.50) 02/01/2017 113,450.00 113,450.00 146,160.00 32,710.00 02/01/2018 115,600.00 115,600.00 146,675.00 31,075.00 02/01/2019 112,600.00 112,600.00 146,875.00 34,275.00 02/01/2020 114,600.00 114,600.00 146,812.50 32,212.50 02/01/2021 111,450.00 111,450.00 146,482.50 35,032.50 02/01/2022 113,300.00 113,300.00 145,880.00 32,580.00 Total $774,225.00 $924,225.00 $1,006,582.50 $82,357.50 PV Analysis Summary (Net to Net) Gross PV Debt Service Savings ..................... 215,050.68 Net TV Cashflow Savings @ 2.365 %(Bond Yield) ..... 215,050.68 Total Cash contribution ........................... (150,000.00) Net Present Value Benefit $65,050.68 Net PV Benefit / $929,868.13 PV Refunded Debt Service 6.996% Net PV Benefit/ $875,000 Refunded Principal... 7.434% Net PV Benefit/ $700,000 Refunding Principal.. 9.293% Refunding Bond Information Refunding Dated Date 9/10/2015 Refundine Delivery Date 9/10/2015 Se des 2015A GO Bon ds -F I Cur Ref 2006A 1 8/112015 1 11:37 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $700,000 General Obligation Bonds, Series 2015A Cur Ref 2006A Debt Service Schedule Total $700,000.00 - $74,225.00 $774,225.00 $812,936.25 $224,916.96 $588,019.29 Dates Dated 9/10/2015 First CODDon Date 2/01 /2016 Yield Statistics Bond Year Dollars $2,474.17 Average Life 3.535 Years Average Coupon 3.0000000% Net Interest Cost (NIC) 1.4984900% True Interest Cost (TIC) 1.4426222% Bond Yield for Arbitrage Purposes 2.3646863% 105% of Date Principal Coupon Interest Total P +I Total Assessments Levy /(Surplus) 02/01/2016 85,000.00 3.000% 8,225.00 93,225.00 97,886.25 - 97,886.25 02/01/2017 95,000.00 3.000% 18,450.00 113,450.00 119,122.50 37,486.16 81,636.34 02/01/2018 100,000.00 3.000% 15,600.00 115,600.00 121,380.00 37,486.15 83,893.85 02/01/2019 100,000.00 3.000% 12,600.00 112,600.00 118,230.00 37,486.16 80,743.84 02/01/2020 105,000.00 3.000% 9,600.00 114,600.00 120,330.00 37,486.16 82,843.84 02/01/2021 105,000.00 3.000% 6,450.00 111,450.00 117,022.50 37,486.16 79,536.34 02/01/2022 110,000.00 3.000% 3,300.00 113,300.00 118,965.00 37,486.17 81,478.83 Total $700,000.00 - $74,225.00 $774,225.00 $812,936.25 $224,916.96 $588,019.29 Dates Dated 9/10/2015 First CODDon Date 2/01 /2016 Yield Statistics Bond Year Dollars $2,474.17 Average Life 3.535 Years Average Coupon 3.0000000% Net Interest Cost (NIC) 1.4984900% True Interest Cost (TIC) 1.4426222% Bond Yield for Arbitrage Purposes 2.3646863% All Inclusive Cost (AIC) 1.7568307% Series 2015A GO Bond s I Cur Ref 2006A 1 8/112015 1 11:37 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $1,470,000 General Obligation Bonds, Series 2015A Cur Ref 2007A Debt Service Schedule Date Principal Coupon Interest Total P +I Fiscal Total 09/10/2015 - - - - - 02/01/2016 160,000.00 3.000% 17,272.50 177,272.50 177,272.50 08/01/2016 - - 19,650.00 19,650.00 - 02/01/2017 165,000.00 3.000% 19,650.00 184,650.00 204,300.00 02/01/2018 175,000.00 True Interest Cost (TIC) 3.000% 17,175.00 2.3646863% 192,175.00 1.7267277% 209,350.00 08/01/2018 - - 14,550.00 14,550.00 - 02/01/2019 180,000.00 3.000% 14,550.00 194,550.00 209,100.00 08/01/2019 - - 11,850.00 11,850.00 - 02/01/2020 185,000.00 3.000% 11,850.00 196,850.00 208,700.00 08/01/2020 - - 9,075.00 9,075.00 - 02/01/2021 195,000.00 3.000% 9,075.00 204,075.00 213,150.00 08/01/2021 - - 6,150.00 6,150.00 - 02/01/2022 200,000.00 3.000% 6,150.00 206,150.00 212,300.00 08/01/2022 - - 3,150.00 3,150.00 - 02/01/2023 210,000.00 3.000% 3,150.00 213,150.00 216,300.00 Total $1,470,000.00 - $180,472.50 $1,650,472.50 - Yield Statistics Bond Year Dollars $6,015.75 Average Life 4.092 Years Net Interest Cost (NIC) 1.6134617% True Interest Cost (TIC) 1.5500426% Bond Yield for Arbitrage Purposes 2.3646863% All Inclusive Cost (AIC) 1.7267277% IRS Form 8038 Net Interest Cost 1.4172927% Weighted Average Maturity 4.141 Years Se des 2015A GO Bon ds -F I Cur Ref 2007A 1 8/112015 1 11:37 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $1,470,000 General Obligation Bonds, Series 2015A Cur Ref 2007A Debt Service Comparison Date Total P +I Net New D/S Old Net D/S Savi 02/01/2016 177,272.50 Net TV Cashflow Savings @ 2.365 %(Bond Yield) ..... 302,272.50 Total Cash contribution ........................... 211,526.25 Net Present Value Benefit (90,746.25) 02/01/2017 204,300.00 Net PV Benefit/ $1,660,000 Refunded Principal... 204,300.00 Net PV Benefit/ $1,470,000 Refunding Principal.. 241,302.50 Refundinq Bond Information 37,002.50 02/01/2018 209,350.00 209,350.00 244,365.00 35,015.00 02/01/2019 209,100.00 209,100.00 242,052.50 32,952.50 02/01/2020 208,700.00 208,700.00 244,552.50 35,852.50 02/01/2021 213,150.00 213,150.00 246,572.50 33,422.50 02/01/2022 212,300.00 212,300.00 248,212.50 35,912.50 02/01/2023 216,300.00 216,300.00 249,300.00 33,000.00 Total $1,650,472.50 $1,775,472.50 $1,927,883.75 $152,411.25 PV Analysis Summary (Net to Net) Gross PV Debt Service Savings ..................... 254,095.81 Net TV Cashflow Savings @ 2.365 %(Bond Yield) ..... 254,095.81 Total Cash contribution ........................... (125,000.00) Net Present Value Benefit $129,095.81 Net PV Benefit / $1,759,822.99 PV Refunded Debt Service 7.336% Net PV Benefit/ $1,660,000 Refunded Principal... 7.777% Net PV Benefit/ $1,470,000 Refunding Principal.. 8.782% Refundinq Bond Information Dated Date 9/10/2015 Refunding Delivery Date 9/10/2015 Series 2015A GO Bonds -F 1 Cur Ref2007A 1 8112015 1 11:37AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $1,470,000 General Obligation Bonds, Series 2015A Cur Ref 2007A Debt Service Schedule Date Principal Coupon Interest Total P +I 105% of Total Assessments Levy /(Surplus) 02/01/2016 02/01/2017 02/01/2018 02/01/2019 02/01/2020 160,000.00 165,000.00 175,000.00 180,000.00 185,000.00 3.000% 3.000% 3.000% 3.000% 3.000% 17,272.50 39,300.00 34,350.00 29,100.00 23,700.00 177,272.50 204,300.00 209,350.00 209,100.00 208,700.00 186,136.13 214,515.00 219,817.50 219,555.00 219,135.00 - 55,199.69 55,199.69 55,199.68 55,199.68 186,136.13 159,315.31 164,617.81 164,355.32 163,935.32 02/01/2021 02/01/2022 02/01/2023 195,000.00 200,000.00 210,000.00 3.000% 3.000% 3.000% 18,150.00 12,300.00 6,300.00 213,150.00 212,300.00 216,300.00 223,807.50 222,915.00 227,115.00 55,199.69 55,199.69 55,199.68 168,607.81 167,715.31 171,915.32 Total $1,470,000.00 - $180,472.50 $1,650,472.50 $1,732,996.13 $386,397.80 $1,346,598.33 Significant Dates Dated 9/10/2015 First Coupon Date 2/01/2016 Yield Statistics Bond Year Dollars $6,015.75 Average Life 4.092 Years Net Interest Cost (NIC) 1.6134617% True Interest Cost (TIC) 1.5500426% Bond Yield for Arbitrage Purposes 2.3646863% All Inclusive Cost (AIC) 1.7267277% Series 2015A GO Bonds -F I Cur Ref2007A 1 8/11/2015 1 11'.37 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $437,970 General Obligation Bonds, Series 2015A Assessments 5.0% Fixed - Equal P &I Assessments Date Interest Total P +I 12/31/2016 20,296.53 5.000% 21,898.50 42,195.03 12/31/2017 21,311.36 5.000% 20,883.68 42,195.04 12/31/2018 22,376.93 5.000% 19,818.10 42,195.03 12/31/2019 23,495.77 5.000% 18,699.26 42,195.03 12/31/2020 24,670.56 5.000% 17,524.48 42,195.04 12/31/2021 25,904.09 5.000% 16,290.94 42,195.03 12/31/2022 27,199.29 5.000% 14,995.74 42,195.03 12/31/2023 28,559.26 5.000% 13,635.78 42,195.04 12/31/2024 29,987.22 5.000% 12,207.82 42,195.04 12/31/2025 31,486.58 5.000% 10,708.44 42,195.02 12/31/2026 33,060.91 5.000% 9,134.12 42,195.03 12/31/2027 34,713.96 5.000% 7,481.08 42,195.04 12/31/2028 36,449.66 5.000% 5,745.38 42,195.04 12/31/2029 38,272.14 5.000% 3,922.90 42,195.04 12/31/2030 40,185.74 5.000% 2,009.28 42,195.02 Total $437,970.00 - $194,955.50 $632,925.50 Significant Dates Date 1/01/2016 Date Sores 2015A GO Bonds - A I SINGLE PURPOSE 1 8112015 1 11:47 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $173,294 General Obligation Bonds, Series 2015A Series 2006A Remaining Assessments Assessments Date Principal Coupon Interest Total P +I 12/31/2016 23,622.64 8.000% 13,863.52 37,486.16 12/31/2017 25,512.45 8.000% 11,973.70 37,486.15 12/31/2018 27,553.44 8.000% 9,932.72 37,486.16 12/31/2019 29,757.72 8.000% 7,728.44 37,486.16 12/31/2020 32,138.34 8.000% 5,347.82 37,486.16 12/31/2021 34,709.41 8.000% 2,776.76 37,486.17 Total $173,294.00 - $51,622.96 $224,916.96 Significant Dates First Payment Date 12/31/2016 Series 2015A GO Bonds -R I Series 2006A 1 8112015 1 11:46 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $287,390 General Obligation Bonds, Series 2015A Series 2007A Remaining Assessments Assessments Date Principal Coupon Interest Total P +I 12/31/2016 32,208.49 8.000% 22,991.20 55,199.69 12/31/2017 34,785.17 8.000% 20,414.52 55,199.69 12/31/2018 37,567.98 8.000% 17,631.70 55,199.68 12/31/2019 40,573.42 8.000% 14,626.26 55,199.68 12/31/2020 43,819.29 8.000% 11,380.40 55,199.69 12/31/2021 47,324.83 8.000% 7,874.86 55,199.69 12/31/2022 51,110.82 8.000% 4,088.86 55,199.68 Total $287,390.00 - $99,007.80 $386,397.80 Significant Dates Date 1/01/2016 Date Series 2015A GO Bonds -R I Series 2007A 1 8112015 1 11:46 AM EHLERS LEADERS IN PUBLIC FINANCE Al EHLERS LEADERS IN PUBLIC FINANCE August 11, 2015 Sale Day Report for City of Mound, Minnesota $2,590,000 General Obligation Tax Abatement Bonds, Series 2015B n Prepared by: Stacie Kvilvang Senior Municipal Advisor and Jason Aarsvold Municipal Advisor 111111111 ? -800- 552 -1171 1 www.ehlers - inc.com Sale Day Report — August 11, 2015 City of Mound, Minnesota $2,590,000 General Obligation Tax Abatement Bonds, Series 2015B Purpose: To finance a current refunding of the HRA's Limited Tax Pledge Bonds (Mound Transit Center) Series 2006 Rating: Standard & Poor's Credit Markets "AA" Number of Bids: 6 Low Bidder: Piper Jaffray & Co., Minneapolis, Minnesota Comparison from Low Bid High Bid Interest Difference Lowest to Highest Bid: 2.8749% 3.0287% $31,986 (TIC as bid) Summary of Results: Results of Sale Principal Amount *: $2,590,000 Underwriter's Discount: $24,739 Reoffering Premium: $114,096 True Interest Cost: 2.8822% Costs of Issuance: Yield: $34,865 0.44% - 3.00% Future Value $ Savings: $655,528 Present Value $ Savings: $457,118 Savings Percentage: 14.171% Total Net P &I $3,550,065 Notes: The bond size was reduced by $120,000 due to a premium bid and lower cost of issuance. Due to this, the True Interest Costs of the Bonds was increased slightly to 2.8822 %. Future value savings increased by approximately $77,000 and present value savings increased by approximately $84,000. Closing Date: September 10, 2015 City Council Action: Resolution authorizing issuance, awarding the sale, prescribing the form and details and providing for the payment of $2,590,000 General Obligation Tax Abatement Bonds, Series 2015B. Attachments: A. Bid Tabulation B. Sources and Uses of Funds and Updated Debt Service Schedules C. Refunding Savings Analysis D. Rating Report E. Bond Resolution (Distributed in City Council Packets) Sale Day Report City of Mound, Minnesota $2,590,000 General Obligation Tax Abatement Bonds, Series 2015BAugust 11, 2015 EoHLERS LEA IN PUBLIC FINANCE BID TABULATION $2,720,000* General Obligation Tax Abatement Bonds, Series 2015B City of Mound, Minnesota SALE: August 11, 2015 AWARD: PIPER JAFFRAY & CO. Rating: Standard & Poor's Credit Markets "AA" BBI: 3.75% NET TRUE MATURITY REOFFERING INTEREST INTEREST NAME OF BIDDER (February 1) RATE YIELD PRICE COST RATE PIPER JAFFRAY & CO. $2,813,718.35 $904,475.40 2.8749% Minneapolis, Minnesota 2016 3.000% 0.440% 2017 3.000% 0.720% 2018 3.000% 0.970% 2019 3.000% 1.210% 2020 3.000% 1.300% 2021 3.000% 1.450% 2022 3.000% 1.650% 2023' 2.000% 2.000% 2024' 2.000% 2.000% 2025' 3.000% 2.150% 2026' 3.000% 2.150% 2027' 3.000% 2.500% 2028' 3.000% 2.500% 2029' 3.000% 2.700% 2030' 3.000% 2.700% 2031' 3.000% 2.900% 2032' 3.000% 2.900% 2033' 4.000% 3.000% 2034' 4.000% 3.000% 2035' 4.000% 3.000% Subsequent to bid opening the issue size was decreased to $2,590,000. Adjusted Price - $2,679,356.24 Adjusted Net Interest Cost - $875,190.43 Adjusted TIC - 2.8822% '$235,000 Term Bond due 2024 with mandatory redemption in 2023 2 $255,000 Term Bond due 2026 with mandatory redemption in 2025. '$275,000 Term Bond due 2028 with mandatory redemption in 2027. $300,000 Term Bond due 2030 with mandatory redemption in 2029. '$325,000 Term Bond due 2032 with mandatory redemption in 2031. '$545,000 Term Bond due 2035 with mandatory redemption in 2033 -2034. 1- 800 - 552 -1171 1 www.ehlers- inc.com NET TRUE MATURITY REOFFERING INTEREST INTEREST NAME OF BIDDER (Februmv 1) RATE YIELD PRICE COST RATE BAIRD Milwaukee, Wisconsin FTN FINANCIAL CAPITAL MARKETS Memphis, Tennessee 2016 3.000% 2017 3.000% 2018 3.000% 2019 3.000% 2020 3.000% 2021 3.000% 2022 3.000% 2023 3.000% 2024 3.000% 2025 3.000% 2026 3.000% 2027 3.000% 2028 3.000% 2029 3.000% 2030 3.000% 2031 3.000% 2032 3.000% 2033 4.000% 2034 4.000% 2035 4.000% 2016 2.000% 2017 2.000% 2018 2.000% 2019 2.000% 2020 2.000% 2021 2.000% 2022 2.000% 2023 2.000% 2024 2.500% 2025 2.500% 2026 2.750% 2027 2.750% 2028 3.000% 2029 3.000% 2030 3.250% 2031 3.250% 2032 3.500% 2033 3.500% 2034 3.500% 2035 3.500% Bid Tabulation City of Mound, Minnesota $2,720,000* General Obligation Tax Abatement Bonds, Series 2015B $2,824,036.70 $913,516.63 2.9016% $2,754,147.61 $904,389.06 2.9124% August 11, 2015 Page 2 NET TRUE MATURITY REOFFERING INTEREST INTEREST NAME OF BIDDER (Februmv 1) RATE YIELD PRICE COST RATE NORTBLAND SECURITIES, INC. Minneapolis, Minuesohe STIFEL NICOLAUS Memphis, Tennessee 2016 0.700% 2017 0.700% 2018 1.200% 2019 1.200% 2020 1.500% 2021 1.500% 2022 2.000% 2023 2.000% 2024 2.500% 2025 2.500% 2026 3.000% 2027 3.000% 2028 3.000% 2029 3.000% 2030 3.000% 2031 3.000% 2032 3.100% 2033 3.100% 2034 3.250% 2035 3.250% 2016 2.000% 2017 2.000% 2018 2.000% 2019 2.000% 2020 2.000% 2021 2.000% 2022 2.000% 2023 2.000% 2024 2.000% 2025 2.250% 2026 2.250% 2027 2.750% 2028 2.750% 2029 3.000% 2030 3.000% 2031 3.250% 2032 3.250% 2033 3.375% 2034 3.375% 2035 3.375% Bid Tabulation City of Mound, Minnesota $2,720,000* General Obligation Tax Abatement Bonds, Series 2015B $2,704,389.20 $895,548.42 2.9219% $2,696,560.80 $916,556.38 2.9942% August 11, 2015 Page 3 NET TRUE MATURITY REOFFERING INTEREST INTEREST NAME OF BIDDER (February 1) RATE YIELD PRICE COST RATE RAYMOND JAMES & ASSOCIATES, INC. St Petersburg, Florida 2016 3.000% 2017 3.000% 2018 3.000% 2019 3.000% 2020 3.000% 2021 3.000% 2022 4.000% 2023 4.000% 2024 4.000% 2025 3.000% 2026 3.000% 2027 3.000% 2028 3.000% 2029 3.000% 2030 3.000% 2031 3.250% 2032 3.250% 2033 3.375% 2034 3.375% 2035 3.375% Bid Tabulation City of Mound, Minnesota $2,720,000* General Obligation Tax Abatement Bonds, Series 2015B $2,776,653.00 $936,461.26 3.0287% August 11, 2015 Page 4 City of Mound, Minnesota $2,590,000 General Obligation Tax Abatement Bonds, Series 2015B Current Refunding HRA Limited Tax Pledge Bonds 2006 Sources & Uses Dated 09/10/2015 1 Delivered 09/10/2015 Sources Of Funds Par Amount of Bonds $2,590,000.00 Reoffering Premium 114,095.55 $2,704,095.55 Uses Of Funds Total Underwriter's Discount (0.955%) 24,739.31 Costs of Issuance 34,865.00 Deposit to Current Refunding Fund 2,640,010.00 Deposit to Debt Service Fund (Rounding) 4,481.24 $2,704,095.55 Series 20158 GOTa baw!3I SINGLEPURPOSE 1 8/112015 1 11:15AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $2,590,000 General Obligation Tax Abatement Bonds, Series 2015B Current Refunding HRA Limited Tax Pledge Bonds 2006 Debt Service Schedule Date Principal Coupon Interest Total P +I Fiscal Total 09/10/2015 - - - - - 02/01/2016 70,000.00 3.000% 31,646.67 101,646.67 101,646.67 08/01/2016 - - 39,350.00 39,350.00 - 02/01/2017 85,000.00 3.000% 39,350.00 124,350.00 163,700.00 08/01/2017 - - 38.075.00 38.075.00 - 02/01/2018 90,000.00 True Interest Cost (TIC) 3.000% 38,075.00 2.5145758% 128,075.00 3.0056183% 166,150.00 08/01/2018 - - 36,725.00 36,725.00 - 02/01/2019 95,000.00 3.000% 36,725.00 131,725.00 168,450.00 08/01/2019 - - 35,300.00 35,300.00 - 02/01/2020 100,000.00 3.000% 35,300.00 135,300.00 170,600.00 08/01/2020 - - 33,800.00 33,800.00 - 02/01/2021 105,000.00 3.000% 33,800.00 138,800.00 172,600.00 08/01/2021 - - 32,225.00 32,225.00 - 02/01/2022 110,000.00 3.000% 32,225.00 142,225.00 174,450.00 08/01/2022 - - 30,575.00 30,575.00 - 02/01/2023 115,000.00 True Interest Cost (TIC) 2.000% 30,575.00 2.5145758% 145,575.00 3.0056183% 176,150.00 08/01/2023 - - 29,425.00 29,425.00 - 02/01/2024 120,000.00 2.000% 29,425.00 149,425.00 178,850.00 08/01/2024 - - 28,225.00 28,225.00 - 02/01/2025 125,000.00 3.000% 28,225.00 153,225.00 181,450.00 08/01/2025 - - 26,350.00 26,350.00 - 02/01/2026 130,000.00 3.000% 26,350.00 156,350.00 182,700.00 08/01/2026 - - 24,400.00 24,400.00 - 02/01/2027 135,000.00 3.000% 24,400.00 159,400.00 183,800.00 02/01/2028 140,000.00 True Interest Cost (TIC) 3.000% 22,375.00 2.5145758% 162,375.00 3.0056183% 184,750.00 08/01/2028 - - 20,275.00 20,275.00 - 02/01/2029 145,000.00 3.000% 20,275.00 165,275.00 185,550.00 08/01/2029 - - 18,100.00 18,100.00 - 02/01/2030 155,000.00 3.000% 18,100.00 173,100.00 191,200.00 08/01/2030 - - 15,775.00 15,775.00 - 02/01/2031 160,000.00 3.000% 15,775.00 175,775.00 191,550.00 08/01/2031 - - 13,375.00 13,375.00 - 02/01/2032 165,000.00 3.000% 13,375.00 178,375.00 191,750.00 08/01/2032 10,900.00 10,900.00 02/01/2033 175,000.00 4.000% 10,900.00 185,900.00 196,800.00 08/01/2033 - - 7,400.00 7,400.00 - 02/01/2034 180,000.00 4.000% 7,400.00 187,400.00 194,800.00 08/01/2034 - - 3,800.00 3,800.00 - 02/01/2035 190,000.00 4.000% 3,800.00 193,800.00 197,600.00 Total $2,590,000.00 - $964,546.67 $3,554,546.67 - Yield Statistics Bond Year Dollars 3.2780486% Net Interest Cost (NIC) 2.9743680% True Interest Cost (TIC) 2.8822410% Bond Yield for Arbitrage Purposes 2.5145758% All Inclusive Cost LAIC) 3.0056183% IRS Form 8038 Net Interest Cost 2.7656640% 11.372 Years Senes 20158 GOTax bate I SINGLE PURPOSE 1 8/112015 1 11'. 15AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $2,590,000 General Obligation Tax Abatement Bonds, Series 2015B Current Refunding HRA Limited Tax Pledge Bonds 2006 Net Debt Service Schedule Series 20158 GOTa baw!3I SINGLEPURPOSE 1 8/112015 1 11:15AM EHLERS LEADERS IN PUBLIC FINANCE uedt Service Fund Fiscal Date Principal Coupon Interest Total P +I Deposit Net New D/S Total 09/10/2015 - - - - - - - 02/01/2016 70,000.00 3.000% 31,646.67 101,646.67 (4,481.24) 97,165.43 97,165.43 08/01/2016 - - 39,350.00 39,350.00 - 39,350.00 - 02/01/2017 85,000.00 3.000% 39,350.00 124,350.00 - 124,350.00 163,700.00 08/01/2017 - - 38,075.00 38,075.00 - 38,075.00 - 02/01/2018 90,000.00 3.000% 38,075.00 128,075.00 - 128,075.00 166,150.00 08/01/2018 - - 36,725.00 36,725.00 - 36,725.00 - 02/01/2019 95,000.00 3.000% 36,725.00 131,725.00 - 131,725.00 168,450.00 08/01/2019 - - 35,300.00 35,300.00 - 35,300.00 - 02/01/2020 100,000.00 3.000% 35,300.00 135,300.00 - 135,300.00 170,600.00 08/01/2020 - - 33,800.00 33,800.00 - 33,800.00 - 02/01/2021 105,000.00 3.000% 33,800.00 138,800.00 - 138,800.00 172,600.00 08/01/2021 - - 32,225.00 32,225.00 - 32,225.00 - 02/01/2022 110,000.00 3.000% 32,225.00 142,225.00 - 142,225.00 174,450.00 08/01/2022 - - 30,575.00 30,575.00 - 30,575.00 - 02/01/2023 115,000.00 2.000% 30,575.00 145,575.00 - 145,575.00 176,150.00 08/01/2023 - - 29,425.00 29,425.00 - 29,425.00 - 02/01/2024 120,000.00 2.000% 29,425.00 149,425.00 - 149,425.00 178,850.00 08/01/2024 - - 28,225.00 28,225.00 - 28,225.00 - 02/01/2025 125,000.00 3.000% 28,225.00 153,225.00 - 153,225.00 181,450.00 08/01/2025 - - 26,350.00 26,350.00 - 26,350.00 - 02/01/2026 130,000.00 3.000% 26,350.00 156,350.00 - 156,350.00 182,700.00 08/01/2026 - - 24,400.00 24,400.00 - 24,400.00 - 02/01/2027 135,000.00 3.000% 24,400.00 159,400.00 - 159,400.00 183,800.00 08/01/2027 - - 22,375.00 22,375.00 - 22,375.00 - 02/01/2028 140,000.00 3.000% 22,375.00 162,375.00 - 162,375.00 184,750.00 08/01/2028 - - 20,275.00 20,275.00 - 20,275.00 - 02/01/2029 145,000.00 3.000% 20,275.00 165,275.00 - 165,275.00 185,550.00 08/01/2029 - - 18,100.00 18,100.00 - 18,100.00 - 02/01/2030 155,000.00 3.000% 18,100.00 173,100.00 - 173,100.00 191,200.00 08/01/2030 - - 15,775.00 15,775.00 - 15,775.00 - 02/01/2031 160,000.00 3.000% 15,775.00 175,775.00 - 175,775.00 191,550.00 08/01/2031 - - 13,375.00 13,375.00 - 13,375.00 - 02/01/2032 165,000.00 3.000% 13,375.00 178,375.00 - 178,375.00 191,750.00 08/01/2032 - - 10,900.00 10,900.00 - 10,900.00 - 02/01/2033 175,000.00 4.000% 10,900.00 185,900.00 - 185,900.00 196,800.00 08/01/2033 - - 7,400.00 7,400.00 - 7,400.00 - 02/01/2034 180,000.00 4.000% 7,400.00 187,400.00 - 187,400.00 194,800.00 08/01/2034 - - 3,800.00 3,800.00 - 3,800.00 - 02/01/2035 190,000.00 4.000% 3,800.00 193,800.00 - 193,800.00 197,600.00 Total $2,590,000.00 - $964,546.67 $3,554,546.67 (4,481.24) $3,550,065.43 - Series 20158 GOTa baw!3I SINGLEPURPOSE 1 8/112015 1 11:15AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $2,590,000 General Obligation Tax Abatement Bonds, Series 2015B Current Refunding HRA Limited Tax Pledge Bonds 2006 Debt Service Comparison 02/01/2034 194,800.00 - 194,800.00 213,899.00 Debt Service 4,437.59 02/01/2035 197,600.00 - 197,600.00 215,436.00 17,836.00 $457,118.49 Date Total P +I Fund Deposit Net New D/S Old Net D/S Savings 110,511.00 02/01/2016 101,646.67 (4,481.24) 97,165.43 118,040.00 20,874.57 02/01/2017 163,700.00 - 163,700.00 179,702.00 16,002.00 02/01/2018 166,150.00 - 166,150.00 182,160.00 16,010.00 02/01/2019 168,450.00 - 168,450.00 184,145.00 15,695.00 02/01/2020 170,600.00 - 170,600.00 185,905.00 15,305.00 02/01/2021 172,600.00 - 172,600.00 187,440.00 14,840.00 02/01/2022 174,450.00 - 174,450.00 189,750.00 15,300.00 02/01/2023 176,150.00 - 176,150.00 191,790.00 15,640.00 02/01/2024 178,850.00 - 178,850.00 193,560.00 14,710.00 02/01/2025 181,450.00 - 181,450.00 196,060.00 14,610.00 02/01/2026 182,700.00 - 182,700.00 198,138.00 15,438.00 02/01/2027 183,800.00 - 183,800.00 199,894.00 16,094.00 02/01/2028 184,750.00 - 184,750.00 202,328.00 17,578.00 02/01/2029 185,550.00 - 185,550.00 203,394.00 17,844.00 02/01/2030 191,200.00 - 191,200.00 206,138.00 14,938.00 02/01/2031 191,550.00 - 191,550.00 207,468.00 15,918.00 02/01/2032 191,750.00 - 191,750.00 209,430.00 17,680.00 02/01/2033 196,800.00 - 196,800.00 211,897.00 15,097.00 02/01/2034 194,800.00 - 194,800.00 213,899.00 19,099.00 4,437.59 02/01/2035 197,600.00 - 197,600.00 215,436.00 17,836.00 $457,118.49 02/01/2036 - - - 218,508.00 218,508.00 17.414% 02/01/2037 - - - 110,511.00 110,511.00 Total $3,554,546.67 (4,481.24) $3,550,065.43 $4,205,593.00 $655,527.57 PV Analysis Summary (Net to Net) Gross PV Debt Service Savings ..................... 452,680.89 Effects of changes in Expenses .................... 4,437.59 Net PV Cashflow Savings @ 2.515 %(Bond Yield) ..... 457,118.49 Net Present Value Benefit $457,118.49 Net PV Benefit / $3,225,723.12 PV Refunded Debt Service 14.171 Net PV Benefit / $2,625,000 Refunded Principal... 17.414% Net PV Benefit / $2,590,000 Refunding Principal.. 17.649% Refunding Bond Information Refunding Dated Date 9/10/2015 Refunding Delivery Date 9/10/2015 Series 20158 GOTax b fts B I SINGLE PURPOSE 1 8/112015 1 11'.15 AM EHLERS LEADERS IN PUBLIC FINANCE City of Mound, Minnesota $2,590,000 General Obligation Tax Abatement Bonds, Series 2015B Current Refunding HRA Limited Tax Pledge Bonds 2006 Detail Costs Of Issuance Dated 09/10/2015 1 Delivered 09/10/2015 COSTS OF ISSUANCE DETAIL Financial Advisor Bond Counsel (Briees and Morean) Rating Agency Fee (S &P) Paying Agent (Bond Trust Services) TOTAL Series 20158 GOTa baw!3I SINGLEPURPOSE 1 8/112015 1 11:15AM EHLERS LEADERS IN PUBLIC FINANCE $20,537.00 $10,000.00 $3,800.00 $528.00 Citv of Mound, Minnesota $2,590,000 General Obligation Tax Abatement Bonds, Series 2015B Current Refunding HRA Limited Tax Pledge Bonds 2006 Debt Service Schedule Total $2,590,000.00 - $964,546.67 $3,554,546.67 (4,481.24) $3,550,065.43 $3,7275568.70 ificant Dates Dated 9/10/2015 First Coupon Date 2/01 /2016 Yield Statistics Bond Year Dollars $29,424.42 Averaee Life 11.361 Years Net Interest Cost (NIC) True Interest Cost (TIC) Bond Yield for Arbitrage Purposes All Inclusive Cost (AIC) Senes201513GOTar beteB I SINGLEPURPOSE 1 81112015 1 11'. 15AM EHLERS LEADERS IN PUBLIC FINANCE 3.2780486% 2.9743680% 2.8822410% 2.5145758% 3.0056183% Debt Service 105% of Date Principal Coupon Interest Total P +I Fund Deposit Net New D/S Total 02/01/2016 70,000.00 3.000% 31,646.67 101,646.67 (4,481.24) 97,165.43 102,023.70 02/01/2017 85,000.00 3.000% 78,700.00 163,700.00 - 163,700.00 171,885.00 02/01/2018 90,000.00 3.000% 76,150.00 166,150.00 - 166,150.00 174,457.50 02/01/2019 95,000.00 3.000% 73,450.00 168,450.00 - 168,450.00 176,872.50 02/01/2020 100,000.00 3.000% 70,600.00 170,600.00 170,600.00 179,130.00 02/01/2021 105,000.00 3.000% 67,600.00 172,600.00 - 172,600.00 181,230.00 02/01/2022 110,000.00 3.000% 64,450.00 174,450.00 - 174,450.00 183,172.50 02/01/2023 115,000.00 2.000% 61,150.00 176,150.00 - 176,150.00 184,957.50 02/01/2024 120,000.00 2.000% 58,850.00 178,850.00 - 178,850.00 187,792.50 02/01/2025 125,000.00 3.000% 56,450.00 181,450.00 - 181,450.00 190,522.50 02/01/2026 130,000.00 3.000% 52,700.00 182,700.00 - 182,700.00 191,835.00 02/01/2027 135,000.00 3.000% 48,800.00 183,800.00 - 183,800.00 192,990.00 02/01/2028 140,000.00 3.000% 44,750.00 184,750.00 - 184,750.00 193,987.50 02/01/2029 145,000.00 3.000% 40,550.00 185,550.00 - 185,550.00 194,827.50 02/01/2030 155,000.00 3.000% 36,200.00 191,200.00 - 191,200.00 200,760.00 02/01/2031 160,000.00 3.000% 31,550.00 191,550.00 - 191,550.00 201,127.50 02/01/2032 165,000.00 3.000% 26,750.00 191,750.00 - 191,750.00 201,337.50 02/01/2033 175,000.00 4.000% 21,800.00 196,800.00 - 196,800.00 206,640.00 02/01/2034 180,000.00 4.000% 14,800.00 194,800.00 - 194,800.00 204,540.00 02/01/2035 190,000.00 4.000% 7,600.00 197,600.00 197,600.00 207,480.00 Total $2,590,000.00 - $964,546.67 $3,554,546.67 (4,481.24) $3,550,065.43 $3,7275568.70 ificant Dates Dated 9/10/2015 First Coupon Date 2/01 /2016 Yield Statistics Bond Year Dollars $29,424.42 Averaee Life 11.361 Years Net Interest Cost (NIC) True Interest Cost (TIC) Bond Yield for Arbitrage Purposes All Inclusive Cost (AIC) Senes201513GOTar beteB I SINGLEPURPOSE 1 81112015 1 11'. 15AM EHLERS LEADERS IN PUBLIC FINANCE 3.2780486% 2.9743680% 2.8822410% 2.5145758% 3.0056183%