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HomeMy WebLinkAbout1996-02-27 CC Packet . . f AGENDA CITY OF StILLWATER CITY COUNCIL MEETING NO. 96-7 February 27, 1996 (First meeting of March rescheduled to this date) REGULAR MEETING RECESSED MEETING 4:30 P.M. 7:00 P.M. 4:30 P.M. AGENDA CALL TO ORDER ROLL CALL STAFF REPORTS 1. Finance Director 2. Police Chief 3. Public Works Director 4. Community Dev. Director 5. Parks & Recreation 6. City Engineer 7. Consulting Engineer 8. City Clerk 9. Fire Chief 10. Building Official 11. City Attorney 12. City Coordinator 7:00 P.M. AGENDA CALL TO ORDER INVOCATION ROLL CALL APPROVAL OF MINUTES - February 13, 1996, Special Meeting February 20, 1996 Special and Regular Meetings PETITIONS. INDIVIDUALS. DELEGATIONS & COMMENDATIONS OPEN FORUM The Open Forum is a portion of the Council meeting to address Council on subjects which are not a part of the meeting agenda. The Council may take action or reply at the time of the statement or may give direction to staff regarding investigation of the concerns expressed. CONSENT AGENDA * 1. Resolution 96-50: Directing Payment of Bills. 2. Contractors License Renewal: Kraus Anderson, General Contractor 3. Resolution 96-51: Accepting Proposal and Approving Agreement with Concept Environmental for ground water monitoring well closures at 203-205 North Main. UNFINISHED BUSINESS City Council Agenda 96-7 February 27, 1996 NEW BUSINESS 1. 1996 Bond Sale - Ron Langness, Springsted, Inc. Resolution 96-52: Authorizing Issuance and Sale of $5,530,000 GO Capital Outlay Bonds, Series 1996A. Resolution 96-53: Authorizing Issuance and Sale of $1,410,000 GO Improvement Bonds, Series 1996B Resolution 96-54: Authorizing Issuance and Sale of $825,000 GO Tax Increment Bonds, Series 1996C. . 2. Resolution 96-55: Receiving Report and Ordering Public Hearing, L.I. 320, 1996 Street Improvements PETITIONS. INDIVIDUALS. DELEGATIONS & COMMENDATIONS (continued) COMMUNICATIONS/REQUESTS COUNCIL REQUEST ITEMS STAFF REPORTS (continued) ADJOURNMENT * All items listed under the consent agenda are considered to be routine by the City Council and will be enacted by one motion. There will be no separate discussion on these items unless a Council Member or citizen so requests, in which event, the items will be removed from the consent agenda and considered separately. . e e MEMORANDUM TO: Mayor and City Council FROM: Klayton Eckles, City Engineer /LE / DATE: February 22, 1996 SUBJECT: Council Workshop on Public Works Facility Analysis Discussion: In 1995, the City Council had the relocation and construction of a new public works facility as one of the top priorities for 1995-96. The other priorities at that time included the levee project and City Hall project and both of these projects are currently underway. Given the current state of the public works and parks facilities and the rapid development of land in the City of Stillwater, it is vital for the Council to take steps now to insure that public works will have adequate facilities both in the near and long term. Therefore, I recommend the City Council hold a workshop as soon as possible. At that time, Council can tour the existing facilities and view slides of other facilities and discuss possible options for the future. Since Council is discussing longer range capital issues during its goal setting session, I recommend this workshop be held so as to coincide closely with the goal setting session. At the Council meeting I recommend we discuss possible dates and times for this workshop. e 1996 PLANNING WORK PROGRAM Below are listed work items scheduled for completion as a part of the planning department work program for 1996. A more detailed description of the items will be provided when work begins on the item. Planning Zoning ordinance revision Zoning districts (neighborhood commercial/mixed single family residential) Zoning text Heritage tree ordinance Park dedication ordinance update Plan preparation Special area plans Kroening/Stalock property Deer Path Traffic Study Greeley Owens Street Traffic Study Ravine Study Parks Planning Pioneer Park Plan No Name Park Plan McKusick Lake Park Plan BikewayfTrailways Plan Historic Preservation South Hill Historic Building Study Review Downtown Design Guidelines Start Sabin District Historic Survey ie \. e e MEMORANDUM TO: Mayor and Council FROM: City Coordinator SUBJECT: Proposal for facilitating Goal setting sessions DATE: February 23, 1996 Accompanying this memo is a proposal from Peter Cotton to conduct goal setting sessions for the City. I solicited a proposal from Dave Pearson but have not yet received a response from him. In order begin the sessions in a timely manner I would recommend that the City accept Mr. Cotton's proposal ( Mr. Cotton has conducted goal setting sessions for the city in the past). I will be out of town until next Tuesday night (February 27) but will discuss this with you further at the meeting. 'p c Peter Cotton Process Consultant Pc Management Training · Goal Setting Organization Development · Team Building February 19, 1996 Mr. Nile Kriesel, City Coordinator 216 N. 4 th st. Stillwater, Mn 55082 Dear Mr. Kriesel: This is a revised proposal for a City Council goal setting session based on our conversation this morning. In my original proposal I stated that two of the objectives of a City Council goal setting session were to Discuss and select common goals for the City of Stillwater to be achieved within the next one to two years. And then the goals that are established by the Council become the working agenda for the city staff. In this revised proposal we are going to formalize and concentrate on the above two objectives in a three step process. step one would be the City Council creating and prioritizing their goals for the next one to two years. Then step two would be having the staff review these goals and work up a set of goals and objectives for their respective departments. Then the third and final step would be for the staff to present their goals and objectives to the council for review, discussion and revision. This set of goals and objectives would become the staffs working agenda. The Council would perform steps 3 and 4 of my original proposal: 3. Goal Creation: a brain storming session where everyone brings to the attention of the group projects or issues they believe will be helpful in guiding the City towards the image of the City they see in the next five to ten years. These goals are put on easel paper so everyone gets a chance to review them. 4. Goal Setting: in this session the participants set priorities for the goals they have created. Alternative ways of establishing these priorities are considered. 2095 Dotte Drive. #308 · White Bear Lake. Minnesota 55110 · (612) 426-4060 Pc Peter Cotton Process Consultant Management Training · Goal Setting Organization Development · Team Building The staff would work up a set of goals and objectives based on the city Council's goals that would then be their working agenda for the next one to two years. During the City Council's workshop they would also review the Council's goals from their latest goal setting session. I would also make a short presentation on the importance of leadership and team work. My fee for the above City Council workshop will be $650 a day or $400 for each half day session. Sincerely, cf~~ Peter Cotton Municipal Consultant 2095 Dotte Drive, #308 · White Bear Lake. Minnesota 55110 · (612) 426-4060 P ~. C e , .. e STILL WATER CITY COUNCIL MINUTES Special Meeting 96-5 February 13, 1996 The Meeting was called to order by Mayor Kimble. Present: Councilmembers Bealka, Cummings, Thole, Zoller, and Mayor Kimble Absent: None 7:00 p.m. City Coordinator Kriesel City Attorney Ma~nuson Finance Director Deblon Community Development Director Russell Julie Kink, The Courier Mike Marsnik, Stillwater Gazette Others: TCI members, Darwin Wald, Orville Pung, Art Palmer, Paula and Robert Kroenig Downtown Plan and Reuse Study Also Present: Press: Community Development Director Russell Qresented a study conducted on the old Territorial Prison site. He discussed the preservation of the building walls and features and the proposed use of the site. John Lang explained the proposed market feasibility study; the lender/investor package/ environmental PH I & II; Architectural fIrm. The proposal is for a 117 room hotel, conference center, swimming 2001, restaurant and lounge. Construction estimate was originally $12,000,000 but was revised to $11,000,000. . The Council reviewed the actual proposed design, and discussed potential public land use, a walking path around the site, and oilier improvements related to the proposed development. Mayor KimbleproQosed that a complete fInancial information package, including the availability of reserves, TIF ana other revenue sources be provided to the Council by staff. Motion by Councilmember Zoller, seconded by Councilmember Thole to direct staff to determine fmancing availability and fInancing options regarding reuse of the Old Territorial Prison site. All in favor. Council recessed at 9:10 p.m. and reconvened at 9:18 p.m. Council discussed H.F. 2590, and Stillwater Township's request to be party to discussion regarding 62nd Street. ADJOURN . Motion br Councilmember Thole, seconded by Councilmember Bealka to adjourn the meeting at 9:24 p.m. All m favor. MAYOR ATTEST: CITY CLERK e e Special Meeting 96-6 STILL WATER CITY COUNCIL MINUTES February 20, 1996 6:30 p.m. The Meeting was called to order by Mayor Kimble. Present: Councilmembers Cummings, Zoller, and Mayor Kimble Absent: Councilmembers Bealka and Thole Also Present: City Coordinator Kriesel City Attorney Magnuson City Clerk Weldon Others: Stillwater Township Board Members Bergeron and Francis; Corey Mohan, Open Space Committee; Bill Morris, Decision Resources , 1. Workshop - Stillwater Area Open Space Committee: Decision Resources. Inc.: Stillwater Township Board. Bill Morris, Decision Resources, presented a summary of results of recently completed telephone survey of Stillwater Area residents assessing public opinion for preservation of open space and the level of financial support Within the community. (Council recessed the Special Meeting and reconvened at 7:20 p.m.) The Regular Meeting was called to order by Mayor Kimble. Present: Councilmembers Bealka, Cummings, Thole, Zoller, and Mayor Kimble Absent: None Also Present: City Coordinator Kriesel City Attorney Magnuson Finance Director Deblon Community Development Director Russell City Engineer Eckles Public Works Director Junker Consulting Engineer Moore Consulting Engineer Hahn City Clerk Weldon Press: Julie Kink, The Courier Mike Marsnik, Stillwater Gazette ie Stillwater City Council Minutes Regular Meeting No. 96-6 February 20, 1996 e Others: Dick Olsen, Dennis Vonasek, Peter Smith APPROVAL OF MINUTES Motion by Councilmember Thole, seconded by Councilmember Zoller to approve the minutes of the Regular and Recessed Meetings of February 6, 1996. All in favor. Motion by Councilmember Cummings, seconded by Councilmember Bealka to adopt the appropriate resolution commending the Stillwater Ponies Cross Country Ski Teams. (Resolution 96-44) Ayes- Councilmembers Bealka, Cummings, Thole, Zoller and Mayor Kimble Nays - None Mayor Kimble reported that the Joint Cable Communications Commission paid off the remainder of the $15,000 loan from the City. PETITIONS. INDIVIDUALS. DELEGATIONS & COMMENDATIONS 1. Corey Mohan- Stillwater Area Open Space Committee. Corey Mohan, Stillwater Area Open Space Committee, recapped the results of the telephone survey, and recommended formation of a task force to work on financing and acquisition of properties. Motion by Councilmember Thole, seconded by Councilmember Bealka to direct staff, in coordination with the Planning Commission and Park and Recreation Board, to continue working with the Open Space Committee, on a time-available basis. All in favor. CONSENT AGENDA Motion by Councilmember Thole, seconded by Councilmember Bealka to approve the Consent Agenda of February 20, 1996, including the following: (All in favor) 1. Directing Payment of Bills, Resolution 96-40. 2. Approving Memorandum of Continuances for 1996 - Attended Donation Center, Stillwater Goodwill Store, Resolution 96-41. 3. Approving 1996 Memorandum of Agreement with Washington County for Drop Off Center Recycling Grant Distribution, Resolution 96-42. 4. Submit Claims against City to insurance carrier - Salava; Calease. 5. Hang Banners - Rivertown Art Festival 2 e e Stillwater City Council Minutes Regular Meeting No. 96-6 February 20, 1996 6. Permit to Consume - UCT. 7. Change Order No.1, L.I. 305, Pine Hill Estates, Resolution 96-43. (The next item was taken out of order from the agenda) NEW BUSINESS 1. Request to purchase City owned land off the west end of Sunny Slope Lane - Gary Midbrod. Gary Midbrod presented a request to purchase a portion of Lot 4, Sunny Slope Addition to combine with lot 6, for purpose of constructing a garage on the site. City Attorney Magnuson and Community Development Director Russell explained that because the property was acquired by the City through tax forfeiture, it must be conveyed back to the County and then purchased by Mr. Midbrod at County auction. Motion by Councilmember Zoller, seconded by Councilmember Bealka to adopt the appropriate resolution directing the City Attorney to contact the Charter Commission for approval, if necessary, and to prepare documents authorizing conveyance of Lot 4, Sunnyslope Addition to Washington County. (Resolution 96-46) Ayes- Councilmembers Bealka, Cummings, Thole, Zoller and Mayor Kimble Nays - None STAFF REPORTS 1. Finance Director- Finance Director Deblon reported on 1996 Bond Issues for City Hall building project and 1995 projects. She reported that the update on financial analysis of City funds would be delayed until the March 19 meeting. Motion by Councilmember Thole, seconded by Councilmember Cummings to authorize preparation of preliminary bond issue information for Springsted (City's fmancial consultant) and to approve use of current funds for 1995 Streets and Sidewalks in the amount of $281,833.15. All in favor. e 3 Stillwater City Council Minutes Regular Meeting No. 96-6 February 20, 1996 e 2. Community Development Director - Community Development Director Russell reported that a public meeting on the Pioneer Park Plan will be held Thursday, February 22 at 7:00 p.m. He also reported that NSP cleanup of UBC site began today. 3. City En~ineer - Councilmember Thole reported ice problems east of Martha and West of Fourth Street. PUBLIC HEARINGS 1. Case No. V /96-1. This is the day and time for the public hearing to consider a variance to the flood plain requirements for construction of a 10,454 square foot building located at 412 North Main Street in the Central Business DistrictIFlood Planning Overlay District. ABC Company, applicant. Notice of the hearing was placed in the Stillwater Gazette on February 9, 1996, and notices mailed to affected property owners. (Application has been withdrawn by ABC Company) Community Development Director Russell reported that no variance will be necessary because the building will be floodproofed as required by the flood plain regulation. Motion by Councilmember Thole, seconded by Councilmember Cummings to table the hearing on Case No. V/96-1. All in favor. UNFINISHED BUSINESS 1. BWBR - Presentation of bids for City Hall expansion/remodelin~ proiect. Peter Smith, BWBR Architects, presented the final bids for the City Hall expansion/remodeling project. Dennis V onasek discussed alternate 1, carpet upgrade; alternate 2, door glass; and alternate 3, sound/paging system. Motion by Councilmember Thole, seconded by Councilmember Zoller to remove Alternates 1, 2, and 3 for the City Hall expansion/remodeling project. Motion by Councilmember Thole, seconded by Councilmember Zoller to adopt the appropriate resolution accepting bids and awarding contracts for the City Hall expansion/remodeling project. (Resolution 96-45) 4 e e Stillwater City Council Minutes Regular Meeting No. 96-6 February 20, 1996 Aye s- Councilmember Cummings, Thole, Zoller and Mayor Kimble Nays - Councilmember Bealka 2. Request for implementation of solid waste holiday collection schedule. City Coordinator Kriesel presented a request from Jeffrey Glewwe, General Manager, Junker Sanitation, to implement a holiday collection schedule whereby during an observed holiday week, collection would occur one day later if the holiday fell on or before the normal collection day. Motion by Councilmember Bealka, seconded by Councilmember Thole to approve the holiday garbage collection schedule, effective the week of Monday, May 27, 1996. All in favor. 3. Possible appointment to Stillwater Port Authority. Mayor Kimble requested letter of interest from the public for possible appointment to the Stillwater Port Authority. Motion by Councilmember Cummings, seconded by Councilmember Bealka to continue action on possible appointment to the Stillwater Port Authority to a later meeting. All in favor. NEW BUSINESS (Continued) 2. ApProvini Street Liiht A~eement with W ashin~on County for installation of lighting at CSAH 12. Eaile Ridge Trail. and Boutwell Road. City Engineer Eckles presented the agreement. - Motion by Councilmember Cummings, seconded by Councilmember Thole to adopt the appropriate resolution approving the Street Light Agreement with Washington County for installation of lighting at CSAH 12, Eagle Ridge Trail, and Boutwell Road. (Resolution 96-47) Ayes - Councilmembers Bealka, Cummings, Thole, Zoller and Mayor Kimble Nays - None Mayor Kimble requested the City Engineer contact Chuck Dougherty, Lumber Barons Hotel, regarding historic lighting request. e 5 Stillwater City Council Minutes Regular Meeting No. 96-6 February 20, 1996 e 3. Orderin~ Preparation of Report. Hazel Street Storm Water Repair Proiect. Mr. Eckles presented the request, and recommended the report be prepared by SEH. Motion by Councilmember Thole, seconded by Councilmember Cummings to adopt the appropriate resolution ordering Preparation of Report by SEH for Hazel Street Storm Water Repair Project, for an amount not to exceed $6,500. (Resolution 96-48) Ayes- Councilmembers Bealka, Cummings, Thole, Zoller and Mayor Kimble Nays - None 4. Orderin~ Preparation of Report. Ea~le Rid~e Trail Sidewalk Project. Council directed Deer Path be included in the Eagle Ridge Trail Sidewalk Project. Motion by Councilmember Cummings, seconded by Councilmember Zoller to adopt the appropriate resolution ordering Preparation of Report, Eagle Ridge Trail and Deer Path Sidewalk Project. (Resolution 96-49) Ayes- Councilmembers Bealka, Cummings, Thole, Zoller and Mayor Kimble Nays - None COUNCIL REQUEST ITEMS Councilmember Thole reported Friends of Stillwater Parks has received non-profit status and he encouraged donations be made to the organization. Councilmember Bealka requested parking regulations be enforced on Water Street between Myrtle and Chestnut. Council suggested that Mr. Bealka's request for loading zone signs or other alternatives be directed to the Downtown Parking Commission. STAFF REPORTS (Continued) City Coordinator Kriesel presented a request from the Stillwater Area Chamber of Commerce to purchase tickets for a table of eight, at a cost of $300, for the Area Chamber of Commerce Annual Banquet. 6 e e Stillwater City Council Minutes Regular Meeting No. 96-6 February 20, 1996 Motion by Councilmember Thole, seconded by Councilmember Bealka to approve the purchase of tickets for table of eight at the Stillwater Area Chamber of Commerce Annual Banquet. All in favor. City Coordinator Kriesel reported that staffhas explored the possibility of telephone inter- connectivity and shared telecommunication systems with Washington County. The installation of the system could be coordinated with the City Hall expansion/remodeling project and would be on-line when the project was completed. Motion by Councilmember Bealka, seconded by Councilmember Thole to authorize staff to continue to work with the County for the development and installation of a new telecommunication system. All in favor. Mr. Kriesel requested Council set a date for the Council Goal Setting Workshop. Motion by Councilmember Thole, seconded by Councilmember Bealka to set a date for the Council Goal Setting Workshop for March 12, 1996, at 4:30 p.m. All in favor. ADJOURNMENT Motion by Councilmember Cummings, seconded by Councilmember Thole to adjourn the meeting at 9:25 p.m. All in favor. MAYOR ATTEST: CITY CLERK Resolutions: No. 96-40 - Directing Payment of Bills No. 96-41 - Approving Memorandum of Continuances for 1996 - Attended Donation Center, Stillwater Goodwill Store No. 96-42 - Approving 1996 Memorandum of Agreement with Washington County for Drop Off Center Recycling Grant Distribution No. 96-43 - Change Order No.1, L.I. 305, Pine Hill Estates No. 96-44 - Commending Ponies Cross Country Ski Teams No. 96-45 - Accept Bids and Award Contracts for the City Hall expansion/remodeling project No. 96-46 - Conveyance of Lot 4, Sunnyslope Addition to Washington County e 7 Stillwater City Council Minutes Regular Meeting No. 96-6 February 20, 1996 No. 96-47 - Street Light Agreement with Washington Co. for lighting at CSAH 12, Eagle Ridge Trail, and Boutwell Road. No. 96-48 - Order Preparation of Report by SEH for Hazel Street Storm Water Repair Project No. 96-49 - Order Preparation of Report, Eagle Ridge Trail and Deer Path Sidewalk Project 8 . e e e . . LIST OF BILLS EXHIBIT "A" TO RESOLUTION 96-50 AT & T Wireless Best Western Kelly Inn C.W. Houle Capitol City Reg. Firefighters Assn. Clareys Compress Air The Courier DAC Danko Deblon, Diane Desch, Mark and Gloria Ecolab Emergency Apparatus Glaser, Paul Kangaroo Self Storage Legislative Associates Magnuson, David MN Chiefs of Police Ed. Fndn. MinnComm Shield Construction Short Elliott Hendrickson Stillwater Gazette Stillwater Sunrise Rotary Stillwater Towing St. Croix Drug Co. St. Croix Office Supplies Thole, Eric ADDENDUM TO BILLS AT & T Wireless Century Labs Kimble, Jay NSP Stillwater Ford Super Valu Truck Utilities Yocum Oil Mobile Phone/Long Dist. Lodging - Chiefs Conference L.1. 315, Payment #1 1996 dues Supplies Service Call Legal Publications Trash can liners Boot inserts Health Insurance Parking lease and maintenance Pest Removal Repairs to 6105 Boiler Engineering Storage Space Rental Retainer Fee Legal Services 1996 MN Chiefs Conference Pager Service L.I. 305 Payment #5 L.1. 295 Legal Publications Membership - Kriesel Towing Collection Fees Office Supplies Meals Mobile Phone Soap, Lotion Phone, Meals, Mileage Lighting Parts TI F Payment Chute Lining for Plow Fuel Oil - Parks Adopted by the City Council this 27th day of February, 1996. APPROVED FOR PAYMENT Total Due 42.87 401 .40 17,222.08 35.00 82.30 50.00 117.25 20.62 8.20 354.31 742.30 218.33 1,078.98 200.00 176.00 500.00 14,294.43 440.00 36.74 14,323.57 1,336.23 187.26 115.00 53.25 9.55 95.75 20.00 11.21 70.75 234.67 4,668.59 28.97 65,000.00 116.62 158.21 $122,450.44 LIS,. OF BILLS . EXHIBIT "A" TO RESOLUTION 96-50 e AT&T AT & T Wireless Best Western Kelly Inn C.W. Houle Capitol City Reg. Firefighters Assn. Clareys Compress Air The Courier DAC Danko Deblon, Diane Desch, Mark and Gloria Ecolab Emergency Apparatus Glaser, Paul Kangaroo Self Storage Legislative Associates Magnuson, David MN Chiefs of Police Ed. Fndn. MinnComm Shield Construction Short Elliott Hendrickson Stillwater Gazette Stillwater Sunrise Rotary Stillwater Towing St. Croix Drug Co. St. Croix Office Supplies Thole, Eric e Phone Calls Long Distance Lodging - Chiefs Conference L.1. 315, Payment #1 1996 dues Supplies Service Call Legal Publications Trash can liners Boot inserts Health Insurance Parking lease and maintenance Pest Removal Repairs to 6105 Boiler Engineering Storage Space Rental Retainer Fee Legal Services 1996 MN Chiefs Conference Pager Service L.I. 305 Payment #5 L.1. 295 Legal Publications Membership - Kriesel Towing Collection Fees Office Supplies Meals 19.90 0.87 401.40 17,222.08 35.00 82.30 50.00 117.25 2,062.00 8.20 354.31 742.30 218.33 1,078.98 200.00 176.00 500.00 14,294.43 440.00 36.74 14,323.57 1,336.23 187.26 115.00 53.25 9.55 95.75 20.00 '> '- ... No. 96-5 $40.00 e GENERAL CORPORATE LICENSE STATE OF MINNESOTA City of Stillwater County of Washington WHEREAS, Kraus Anderson has paid the sum ofF orty and 00/1 OOs Dollars to the Treasurer of said City as required by the Ordinances of said City and complied with all the requirements of said Ordinances necessary for obtaining this licenses. NOW, THEREFORE, By order of the City Council, and by virtue hereof, the said Kraus Anderson 525 South 8th Street Minneapolis.MN 55404 is hereby licensed and authorized to General Contractor for the period of one year starting February 5, 1996 and ending February 5, 1997 subject to all the conditions and provisions of said Ordinances. Given under my hand and the corporate seal of the City of Stillwater this 20th day of February A.D. 1996. Attest: Mayor: e e It " MEMORANDUM TO: Mayor and City Council FROM: Klayton Eckles, City Engineer t<.t"" // DATE: February 22, 1996 SUBJECT: Closure of Ground Water Monitoring Wells at 203-205 North Main Discussion: Attached is a proposal from Concept Environmental for the closure of the monitoring wells located at 203-205 North Main. This site is the location of an underground contamination study completed by Concept Environmental last year. The PCA has reviewed the study and determined that no additional monitoring or clean up is necessary. Sometime in the near future we should be receiving a refund from the Petro Board covering approximately 90 percent of the cost of the original study. In order to wrap this project up, the next step is the closure of the three monitoring wells. This step is a necessary procedure and it should be done as soon as possible to avoid any potential for contamination of the ground water table. The attached proposal from Concept proposes that they complete the well closures, inspect them and fill out a petro fund application which would entitle us for reimbursement for this work. Concept is quoting a not to exceed price of $1445 for all costs associated with the abandoning the three monitoring wells. All costs should be reimbursable from the petro fund except the petro fund application itself. Recommendation: I recommend the City Council pass a resolution authorizing Concept Environmental Services to complete the closure of the three monitoring wells located at 203-205 North Main Street for a price not to exceed $1445. RESOLUTION NO. 96-51 APPROVAL OF AGREEMENT BETWEEN THE CITY OF STILL WATER AND CONCEPT ENVIRONMENTAL SERVICES FOR CLOSURE OF GROUND WATER MONITORING WELLS BE IT RESOLVED by the City Council of Stillwater, Minnesota, that the Agreement between the City of Stillwater and Concept Environmental Services (attached as Exhibit A) for ground water monitoring well closures at 203-205 North Main Street, at a cost not to exceed $1,445, is hereby approved, and the appropriate city staff is authorized to sign said Agreement. Adopted by Council this 27th day of February, 1996. Jay Kimble, Mayor ATTEST: Modi Weldon, City Clerk " it', " e e t 1322 Helmo Avenue North Oakdale, MN 55128 (612) 730-7886 (612) 730-7996 Fax ENVIRONMENTAL SERVlCFS, INC. e February 14, 1996 Mr. Gayton Eckles City of Stillwater 216 North 4th Street Stillwater, Minnesota 55082 RE: Well Abandonment and Final Petrofund Application 203-205 North Main Street, Stillwater, Minnesota Concept File #2026B Dear Mr. Eckles: Concept Environmental Services, Inc., (Concept) would like to provide a proposal for the abandonment of three monitoring wells. Our proposal also includes the final Petro fund application. SCOPE OF WORK The scope of work we propose to perform at this project consists of the following items: Abandonment of three monitoring wells according to the guidelines set forth by the Minnesota Department of Health. Abandonment will be performed by a certified driller. Prepare a short client report documenting abandonment procedures. Prepare a final Petrofund application to include the costs of the well abandonment and associated costs as well as costs not heretofore applied for. REPORTING No report is required to be submitted to the MPCA for well abandonment, however Concept will prepare a short client report compiling the MDH abandonment records and a summary documenting the abandonment procedures. TIME SCHEDULE e Well abandonment will be completed within 30 days of your acceptance of this proposal. The Petrofund application should be completed and sent to the Department of Commerce within 30 days after the well abandonments are completed. Well Abandonment 203-205 North Main Street, Stillwater, Minnesota Concept File #2026B Page 2 COST ESTIMATE Costs associated. with this project are outlined below: Well Abandonment (3 wells @ 18'bg) Project Management (2 hr @ $6O.00/hr) Reporting and Report Compilation (1.5 hr @ $6O.00/hr) Field Tech (1.5 hrs @ $4O.00/hr) $ 925.00 120.00 90.00 60.00 Petrofund Application (1 app. @ $250.00/app.) 250.00 TOTAL ESTIMATED COST $1,445.00 Concept Environmental Services, Inc. is quoting a not to exceed price of $1,445.00 for all costs associated with the abandoning of the 3 monitoring wells and the final petrofund application. All costs are reimbursable, accept for the Petrofund application. ACCEPTANCE We appreciate the opportunity to submit this proposal to you. This proposed work scope and associated cost estimate is based on our experience with similar projects and our current knowledge of the project. Your signature on this document acknowledges your acceptance of the proposed work scope and associated. incurred costs. Invoices not paid within thirty (30) days are subject to interest at a rate of 1.5% per month. Please sign both of the copies provided, retaining one for your records and returning the other to Concept Environmental Services, Inc. Please also sign and return the enclosed Petrofund bid form. . ~ ~Hanns ~ Project Manager Date 2 I'L} )qb Accepted.: Date Mr. Oayton Eckles City of Stillwater P.E. .. '" e e Tuk HiM. tA81t ba:sCfUPTIOH 5.1 ",oldol Mel110emllnl .. Admin. 5,2 Qrouhdweler flump end trelll Syllem b"lall '!;.3 Soil Exaavallon COllective Acllol\ Men ~.4 Soil ".po, fllllaotion Sy'letn Onlgn 1i.5 Soil VIIJlor hllaction Sv.lem whh Grollndwaler Spargino 08lliun 6.6 Vacuulll Enhanced Groundwaler ElllraClion Sv.tem Oalion 6.7 Sv.lem In'llIlIalion Oversiuhl Syslem Slarlup /Initial 6.8 Dischdrge SlImpling 5.9 Air Emiuion T"ling 5.10 Waler Dillcharge Compliance Permilling 5.11 CAD Inalallation Notilicalion Worhheet 5.12 Groundwalllr Sampling 5.13 Soil Fiold Scrooning Dnd Sampling 5.14 Walor lovol Moasuremont 5.15 Sito Moniloring Worksheel 5.18 CAD Syslem Monitoring Worksheel 5.17 Sy'lem Oper.tion and Mainlenllnc. 5.18 Dllla Reduclion 5.19 Well Ab.ndonment Ova"luhl 5.20 Willi Abandonmenl 5.21 Tr.vel Time 5.22 MileaO' 5.23 Vahicle Co.t 5.24 Per Diem 5.25 Equipment 5.26 Olh., 6UB.TOT Al6 5.27 Soil and Groundwaler Analysl. ~ c MaximulII . d Unit Coet or 1I0ur. IIrs. 20% 0' · Q. 1 IlImp sum $3.500 1 lump lIum $500 1 lump 811m $3,000 lump BUill $3.500 1 lump lIU1ll $4.000 8a. rulee hOlllll 8 hrll/lllte qlr. 2 hrs/tllch/qlr. 12 Ius/llpp. 2 Ills/report rllpon 6 Ills/report w,,1I 1.5 lilli/willi Aclual holU" "p"nl woll 0.25 IlIs/w.1I wk. ahl. 4 IUll/wk"hl. wk. 8hl. 2 hrll/wk.llhl. AclUIII h01ll1l .. mlllllriul8 hOUI8 6 hlS/llll1p well 0.5 lilli/well Bid prlc. HEMU>lJ\l OESILiN I MAINTENANCE Plo,...lonlll Ge,vlc.e T .chnlcal Sarllle68 SLP MIP ELP FT DP S/WP RII18 Ral. Rula Rala Rale Rille Pllr Pllr Pllr rllr reI Pllr 1I0ur Ilrl. 1I0UI IIll1. 1I0ur Ihll. 1I0ur Urs. 1I0uI lire. 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PROPOSAL TOT AI.S TOle' 1I0llre TOTAL TASK AMOUNT ]f \ :ll) '3" ACTUAL INVOICE AMOUNT ::L ::::::;:::::::::::::::::':::::::::.:_:::::::::::::::::::':':::::::::::::::::::::::::::::;-::::':-:::::,:::::::::;:;: .................,...... ......................-.................................. ............. ........... ........-..,.......,...,.. ............................'.............................-........................ .........-....... ......'......................... ......... ............ ...... '........................ . ' .. . ,.. , . . .. .... -.,. . . .' ' . . '. ......-...........................,..'.............. I s .1J.Qio...... .................................,................ --, ................................................ ::::::::::'::::.:.:::::..::::':::::::':::::':':'. - \.; JiloO~Q + ~ 3 - \g'\W\ ~ 'fa-f:. <e- H:::::EHHHH \, '5 IJl40" :\tCfS:s ~ . To \V\,,\~ 1):,- ~I^"\~ I aclllalllls. IRS ,ale mile to.3S/mile or e5o/day day 8elu81 COil up to .70/dlty I SlIe rullll lor breakdown Spacify on opposile page. I .~.::>r:';l ~~~ G I t:::\J.m'(\ I A PV I ~ 1r: C A 11 \" ON I h01ll1 TASK6 6.1 - 6.26 Aclllol COlli Pl.... attach ell .ubeontr.clot' Involcee GRANO TOTAL SlP-S.nloI'L.vel ___Mid L.vel UP-Elltry Level FT-Fleld r.chnlcl.n DP.D,.h.pe-uon 6IWP-Secrwt.,y!Wo,d P,oce-..or Whil. pr~.rfng 111ft "-.1\1, plouse hiUhlighl any COllis Ihal all(:60d Ih. Mallimum Cool or I hllu. Iillted ahove 01 do...illliolld from ehmclllrd ouulII"l'lillllll H"" .. .".,.i,. UU tilt) III":~ t.' "1'11 '..11" .ttl, ,hUH' nltl ""lItll"I"I",... nl""1I1 '0"1111'111 'H' '~Nt.'HJtlI11t' '.1111' IIIUtI,lUUIIUU I ..~ ':lc.t"'I ~ . . ~ 'JW4S7 e EXI'LANA liON UJ- l,;OS I S IN I.:XCI.:5S 01' MAXIMUM II.:VL:Uj 01' HIUI& I I Ul:VIA t1UN~ FIlUM S I MJOA\l1> ASSUMI't1UrJS . This spaco Is not Intended for chango orders . . ~Neb -.!"I1h.it dtH;um.", ._.'eIy ,..11_1. the .ntlc/p.'otd C4J.'~ Itj( "ride.. 10 h. pNlonntHI. Signotur 1 Con.ultont Dolo Signatlare 01 AppliclInt IndiclIting Accoplonce 0' Prop08ll1 J\ VlI\ \10 V YV\,S Con.ullant Nem. Ipl.... print) Applicant NlIme Iple..o print) OllIe PlEASE ATTACH AU CHANGE ORDER SHEETS lh1cert fn{\ reY'lvne.v1taj Se:I"i CC~ {The.. Con. lilt ani Company 11(02 .~17~~-I~~:rn fl{liH t~ :J1~fi~~j ;~;; Applicont'. Compllnv All PROPOSAl SIIEETS MUST OE SIGNED AND OAT"" "'01 rf")NSIII TANT All 1\1'1'11'''' 'PCl~;^1 fifll (II; r,ll;;;, ;,1 \ P', !,:!1rn e MEMORANDUM FROM: Mayor and City Council Diane Deblon, Finance Director IJP DATE: February 23, 1996 TO: SUBJECT: 1996 Bond Sale Ron Langness will have more detailed bond sale information for the City Council at the meeting. In addition to the Building Project, Capital Outlay and Improvement Bond amounts approved by the City Council at the 2-20-96 meeting, there will be a recommendation to refinance three other bond issues. The refinancing will save the city interest costs in the future and also lower the required tax levy. (The exact amounts will be available for Council at the meeting.) The issues that are being refinanced are the 1986A Capital Outlay Bond (library remodeling) and the 1986A and 1987 A Tax Increment Bond (Cottages Project). Refinancing Bonds 1. The amount remaining for 1986A Capital Outlay Bonds to be refinanced is $525,000. (The new bonds issued are for $530,000 and will be used to pay off the old bonds.) 2. The amount remaining for the 1986A and 1987 A Tax Increment Bonds to be refinanced is $810,000. (The new bonds issued are for $825,000 and will be used to pay off the old bonds.) The advantage to refinancing at this time is to reduce the cost of bond issuance and to take advantage of the low interest rates. The entire bond sale the City Council will be asked to authorize are: $5,530,000 G.O. Capital Outlay Bonds, 1996A ($4,125,000 for City Hall) ($875,000 for capital outlay) ($530,000 for refinancing) $1,410,000 G.O. Improvement Bonds, 1996B $825,000 G.O. Tax Increment Bonds, 1996C ($825,000 for refinancing) The awarding of sale for the bond issues is scheduled for 7:00 p.m. on April 2. e e e Recommendations For City of Stillwater, Minnesota $5,530,000 General Obligation Capital Outlay Bonds, Series 1996A $1,410,000 General Obligation Improvement Bonds, Series 1996B $825,000 General Obligation Tax Increment Refunding Bonds, Series 1996C Presented to: ~ SPRINGSTED ~ PUBLIC FINANCE ADVISORS Mayor Jay Kimble Honorable City Council Mr. Nile Kriesel, Coordinator Ms. Diane Deblon, Finance Director Stillwater City Hall 216 North Fourth Street Stillwater, MN 55082 Study No. S0784S313 SPRINGS1ED Incorporated February 27, 1996 RECOMMENDATIONS e Re: $5,530,000 General Obligation Capital Outlay Bonds, Series 1996A $1,410,000 General Obligation Improvement Bonds, Series 1996B $825,000 General Obligation Tax Increment Refunding Bonds, Series 1996C The bond issues proposed will finance the City's 1996 capital outlay projects, including the major remodeling and expansion of the City Hall; 12 improvement projects covering the 1995 and 1996 construction periods and the refunding issue will take advantage of the lower interest rates. The Tax Increment Refunding Bonds refund the 1986A and 1987A tax increment issues which financed certain costs associated with the "Orleans Homes Project". We estimate the savings will result in a decrease in debt service costs by approximately $91,500 or $10,000 per year. The Capital Outlay Bonds also include a refunding of the Capital Outlay Bonds, Series 1986A, saving approximately $28,000 or nearly a $5,000 reduction in tax levies annually for the next five years. We recommend the following: 1. Action Requested To establish the date and time of receiving bids and establish the terms and conditions of the offering. Tuesday, April 2, at 12:00 Noon, with award that evening at 7:00 Bonds dated May 1, 1996 and will mature February 1, 1997 through 2021 for the Capital Outlay Bonds; 1998 through 2007 for the Improvement Bonds and 1997 through 2005 for the Tax Increment Refunding Bonds. 2. Sale Date and Time 3. Bonds Dated and Maturity Date 4. Prepayment Provisions The Capital Outlay Bonds are callable February 1, 2006. The Improvement Bonds are callable February 1, 2004. The Tax Increment Refunding Bonds are not callable. 5. Credit Rating Comments All three issues will be rated by Moody's Investors Service. 7. Rebate Requirements The bonds are bank qualified because the City does not anticipate issuing more than $10 Million of tax exempt bonds in 1996. The City expects to meet the 18 month spenddown exemption provisions for the Capital Outlay and Improvement Bonds and the refunding bond proceeds will be invested as required by the rules. Therefore no rebate is expected to be required. 6. Bank Qualification e e City of Stillwater, Minnesota February 27, 1996 8. Bona Fide Debt Service Fund Each issue is subject to the Bona Fide Debt Service Fund rules. 10. Continuing Disclosure The average maturity of the Capital Outlay Bonds is 16.72 years and the average economic life of the financed projects is estimated at 27.75 years. The average maturity of the Improvement Bonds is 5.61 years and the Tax Increment Refunding Bonds is 5.10 years. Both are well within the 20-50 year economic life of the projects. These issues are subject to the full continuing disclosure requirements. (See Discussion below.) Appendix A - Capital Outlay Bonds: Composition of Bond Issue and the Debt Service Schedules and Refunding Analysis Appendix B -Improvement Bonds: Composition of Issue and supporting Debt Service and Assessment Income Schedules Appendix C - Refunding Analysis for Tax Increment Bonds Terms of Proposals 9. Economic Life 11. Attachments DISCUSSION $5,530,000 General Obligation Capital Outlay Bonds, Series 1996A The major portion of this issue is to finance the remodeling and expansion of the City Hall. The City made a pay-1996 tax levy in the amount of $310,000 in anticipation of this issue. The issue is designed so that the annual future levies will not exceed this amount. In order to accomplish this the bond issue will be paid over a 25 year period. The City also made a pay- 1996 levy in the amount of $101,000 to support the balance of the issue, which funds 1996 normal capital outlay projects and acquisitions. These will be funded over an 11 year period to keep the levies within the $101,000 debt service level. The refunding portion will reduce the pay-1996 through 2001 levies by an average of approximately $5,000. The individual components and the combined issue are detailed in Appendix A, pages 1 through 7. e $1,410,000 General Obligation Improvement Bonds, Series 1996B This issue funds 12 improvement projects which include projects undertaken in 1995 and 1996. For projects that have already been assessed, the amount being financed includes only that portion of the assessments to be collected in 1997 and beyond. Projects not yet assessed are assumed to be assessed as of October 1, 1996. Appendix B, page 1, shows the projects included, remaining terms and assessment interest rates. The remaining pages show the debt service repayment schedule and the anticipated assessment income. No assumptions have been made for any delinquencies or future deferments. Page 2 e City of Stillwater, Minnesota February 27, 1996 $825,000 General Obligation Tax Increment Refunding Bonds, Series 1996C This issue refunds the 1986A and 1987 A tax increment bonds originally issued to finance eligible costs for the "Orleans Homes Project". The increment is generated from Tax Increment Financing District NO.3. The existing bonds are carrying interest rates averaging 7.13%, and we expect the refunding issue will sell for approximately 4.45%, saving approximately $91,500 (over $10,000 per year). The analysis is shown in Appendix C. Continuing Disclosure These are the first issues of the City subject to the new SEC rules on continuing disclosure. Under the rules no broker/dealer may underwrite these issues or offer these bonds in the secondary market unless the City has pledged to provide continuing disclosure of certain information throughout the life of the issues. Continuing disclosure requires the City to prepare an annual report and submit it to national repositories (currently 6) within a specific time period (typically 270 days after the end of the fiscal year). We have provided staff with a more detailed discussion of the rules and requirements and are available to discuss them in detail with the Council. Respectfully submitted, ~~.L'4 SPRINGSTED Incorporated jmc Provided to Staff: a) Summary of Arbitrage Rules b) Summary of Continuing Disclosure Requirements c) Rebate and Continuing Disclosure Contracts e Page 3 e ,e City of Stillwater, Minnesota $5,530,000 G.O. Capital Outlay Bonds, Series 1996A Composition of Bond Issue Administration Finance Plant/City Hall Police Fire Public Works Park Library Lily Lake Subtotal City Hall Remodeling Subtotal Costs of Issuance Underwriter's Discount Less Costs Included Above Total New Money Portion Refunding of 1986A Issue Total Bond Issue $22,000 46,800 50,000 66,535 335,500 17,500 295,500 20,060 12,000 $865,895 4,076,569 $4,942,464 30,000 75,000 (47,464) $5,000,000 530,000 $5,530,000 Prepared by: 5pringsted Incorporated (2123/96) APPENDIX A Page 1 5till\ 5078453 Page 4 Prepared by: Springsted Incorporated (2123/96) Still2\S0784S3 Page 5 APPENDIX A Page 3 4Itty of Stillwater, Minnesota Prepared February 23, 1996 ,000,000 G.O. Capital Outlay Bonds, Series 1996A By SPRINGSTED Incorporated City Hall Portion Dated: 5- 1-1996 SCHEDULE A Mature: 2- 1 First Interest: 2- 1-1997 Total Year of Year of Principal 105% Levy Mat. Principal Rates Interest & Interest of Total (1 ) (2) (3) (4) (5) (6) (7) 1995 1997 140,000 3.50% 151 , 1 34 291,134 305,691 1996 1998 95,000 3.70% 196,612 291,612 306,193 1997 1999 100,000 3.90% 193,097 293,097 307,752 1998 2000 105,000 4.00% 1 89, 197 294,197 308,907 1999 2001 105,000 4.10% 184,997 289,997 304,497 2000 2002 11 0 , 000 4.20% 180,692 290,692 305,227 2001 2003 115,000 4.30% 176, 072 291,072 305,626 2002 2004 120,000 4.40% 171,127 291,127 305,683 2003 2005 125,000 4.50% 165,847 290,847 305,389 2004 2006 130,000 4.60% 160,222 290,222 304,733 2005 2007 135,000 4.70% 154,242 289,242 303,704 2006 2008 145,000 4.80% 147,897 292,897 307,542 2007 2009 150,000 4.90% 140,937 290,937 305,484 2008 2010 160,000 5.00% 133,587 293,587 308,266 2009 2011 165,000 5.10% 125,587 290,587 305 , 116 2010 2012 175 , 000 5.15% 117,172 292 , 172 306,781 2011 2013 185,000 5.20% 1 08 , 159 293,159 307,817 2012 2014 195,000 5.25% 98,539 293,539 308,216 2013 2015 205,000 5.25% 88,301 293,301 307,966 2014 2016 215,000 5.25% 77,538 292,538 307,165 2015 2017 225,000 5.30% 66,250 291,250 305,813 2016 2018 235,000 5 . 3096 54,325 289,325 303,791 2017 2019 250,000 5.3096 41,870 291,870 306,464 2018 2020 265,000 5.30% 28,620 293,620 308,301 2019 2021 275,000 5.30% 14,575 289,575 304,054 TOTALS: 4,125,000 3,166,596 7,291,596 7,656,178 Bond Years: Avg. Maturity: Avg. Annual Rate: T. I. C . Rate: 61,813.75 14.99 5 . 123% 5.238% Annual Interest: Plus Discount: Net Interest: N.I.C. Rate: 3,166,596 61,875 3,228,471 5.223% Total Debt Service (Average of Levy Years: 1995-2019) Column 7: $ 306,247 c1nterest rates are estimates; changes may cause significant alterations of this schedule. he actual underwriter's discount bid may also vary. Page 6 APPENDIX A Page 4 '4IIlty of Stillwater, Minnesota $5,000,000 G.O. capital Outlay Bonds, Series 1996A Other capital Outlay Projects Prepared February 23, 1996 By SPRINGSTED Incorporated Dated: 5- 1-1996 SCHEDULE B Mature: 2- 1 First Interest: 2- 1-1997 Total Year of Year of Principal 105% Levy Mat. Principal Rates Interest & Interest of Total (1 ) (2) (3) (4) (5) (6) (7) 1995 1997 75,000 3.50% 27,623 102,623 107,754 1996 1998 65,000 3.70% 34,205 99,205 1 04 , 165 1997 1999 70,000 3.90% 31,800 101,800 106,890 1998 2000 70,000 4.00% 29,070 99,070 104,024 1999 2001 75,000 4.10% 26,270 101,270 106,334 2000 2002 80,000 4.20% 23, 195 1 03 , 1 95 108,355 2001 2003 80,000 4.30% 19,835 99,835 104,827 2002 2004 85,000 4.40% 16,395 101,395 106,465 2003 2005 90,000 4.50% 12,655 102,655 107,788 2004 2006 90,000 4.60% 8,605 98,605 103,535 2005 2007 95,000 4.70% 4,465 99,465 104,438 TOTALS: 875,000 234, 118 1 , 1 09 , 11 8 1,164,575 Bond Years: Avg. Maturity: Avg. Annual Rate: T.LC. Rate: 5,326.25 6.09 4.396% 4.673% Annual Interest: Plus Discount: Net Interest: N. 1. C . Rate: 234, 118 1 3 , 125 247,243 4.642% Total Debt Service (Average of Levy Years: 1995-2005) Column 7: $ 105,870 Interest rates are estimates; changes may cause significant alterations of this schedule. The actual underwriter's discount bid may also vary. e Page 7 APPENDIX A Page 5 .ity of Stillwater, Minnesota G.O. Refunding Bonds, Series 1996 Prepared: 02123/96 By SPRINGSTED Incorporated Current Refunding Summary Date of Bonds: Delivery Date: Refunded Call: 1 st Callable: 05/01/96 05/06/96 08/01/96 02/01/97 Partial Current Refunding of G.O. Capital Outlay Bonds, Series 1986A Even Annual Savings Structure Refunding Bond Rating: A Refunding Delivery Date Sources / Uses Sources of Funds on: 05/06/96 Refunding Principal: 530,000.00 Accrued Interest: 288.89 Total Sources of Funds: 530,288.89 Uses of Funds on: 05/06/96 Discount @ $15.00 7,950.00 Ace. Int. & Unused Disc: 288.89 Refunding Expenses: 2,750.00 Investment to Call Date: 519,300.00 . Total Uses of Funds: 530,288.89 Refunded Bond Call Date Sources / Uses Sources of Funds on: 08/01/96 Invest. Proceeds Mature: 519,300.00 Inv. Earnings @ 4.75%: 5,824.09 Funds from Issuer: Total Sources of Funds: 525,124.09 Uses of Funds on: 08/01/96 Refunded Principal: 525,000.00 Refunded Call Premium: Excess Proceeds: 124.09 Total Uses of Funds: 525,124.09 Refunded / Refunding Bond Comparison As of: Refunded Refunding 05/01/96 Statistics Statistics Principal: 525,000 530,000 Interest: 113,925 73,145 ond Yrs: 1,794 1,813 vg. Mat: 3.417 3.420 NIC: 6.35% 4.47% Total Net Savings/Present Value Savings Future Savings: 27,555.00 Less Funds From Issuer: Plus Accr. Int. to D/S Fund: 288.89 Plus Exc. Proc. to D/S Fund: 124.09 Total Net Savings: 27,967.98 Present Value Say @ 4.03% : 25,251.76 As % of P.V. Refunded Int.: 26.39% Page 8 City of Stillwater, Minnesota .0. Refunding Bonds, Series 1996 funding Debt Service APPENDIX A Page 6 Prepared: 02/23/96 By SPRINGSTED Incorporated Date Principal Rate Interest Semi-Annual Annual . 02/01/97 70,000.00 3.500% 15,600.00 85,600.00 85,600.00 08/01/97 9,175.00 9,175.00 02/01/98 85,000.00 3.700% 9,175.00 94,175.00 103,350.00 08/01/98 7,602.50 7,602.50 02/01/99 90,000.00 3.900% 7,602.50 97,602.50 105,205.00 08/01/99 5,847.50 5,847.50 02/01/2000 90,000.00 4.000% 5,847.50 95,847.50 101,695.00 08/01/2000 4,047.50 4,047.50 02/01/2001 95,000.00 4.100% 4,047.50 99,047.50 103,095.00 08/01/2001 2,100.00 2,100.00 02/01/2002 100,000.00 4.200% 2,100.00 102,100.00 104,200.00 .tals Bond Date. : Avg. Mat..: . NIC....... : 530,000.00 05/01/96 3.420 4.474% 73,145.00 603,145.00 603,145.00 Delivery. . : Discount.%: Bond Yield: 05/06/96 1. 50000% 4.02654% Page 9 City of Stillwater, Minnesota ~O. Refunding Bonds, Series 1996 ~nual Savings Analysis APPENDIX A Page 7 Prepared: 02/23/96 By SPRINGSTED Incorporated Refunding Non-Refunded Total New Existing Savings Date Debt Service Debt Service Debt Service Debt Service or (Lo s s ) (1) (2) (3 ) (4 ) (5 ) (6 ) 08/01/96 02/01/97 85,600.00 16,450.00 102,050.00 107,900.00 5,850.00 08/01/97 02/01/98 103,350.00 103,350.00 108,400.00 5,050.00 08/01/98 02/01/99 105,205.00 105,205.00 108,520.00 3,315.00 08/01/99 02/01/2000 101,695.00 101,695.00 108,250.00 6,555.00 08/01/2000 02/01/2001 103,095.00 103,095.00 107,580.00 4,485.00 08/01/2001 02/01/2002 104,200.00 104,200.00 106,500.00 2,300.00 etals Present Present As % of 603,145.00 16,450.00 619,595.00 647,150.00 27,555.00 Value Rate...: Value Savings: P.V. Ref. Int: 4.0265% 25,251.76 26.39% Exc. Pro. to DIS Fund: Ace. Int. to D/S Fund: Total Net Savings.. ..: 124.09 288.89 27,967.98 Page 10 e City of Stillwater, Minnesota $1,410,000 G.O. Improvement Bonds, Series 1996B Composition of Bond Issue Assessment Remaining Interest Amount Assessment Rate Proiect Remaining Term (Years) L.1.303, North Broadway 45,810 9 8.0% L.I. 304, Myrtlewood 142,356 9 7.5% L.1. 305, Pinehill Estates 171.891 10 6.5% L.1. 306. Highlands VI 12.846 9 7.5% L.1. 307. Myrtle Street Rehab. 28.733 9 7.5% L.1. 308, Kutz Addition 136,868 5 6.5% L.I. 309, Wildwood Pines 129,965 10 6.5% L.1. 310, 1995 Sidewalks 87,880 10 6.5% L.1. 312, 1995 Streets 270,639 9 7.5% L.1. 313, Calibre Ridge 250.248 10 6.5% L.1. 317. Good Samaritan 31.954 10 6.5% L.1. 319, Yacht Club 54,000 10 6.5% Total Project Costs 1,363,190 Capitalized Interest 44,130 Miscellaneous 2,680 Total Bond Issue 1,410,000 e Prepared by: Springsted Incorporated (2123/96) APPENDIX B Page 1 Still\ 5078453 Page 11 e e City of Stillwater, Minnesota Prepared February 23, 1996 $1,410,000 G.O. Improvement Bonds, Series 1996B By SPRINGSTED Incorporated 12 Projects Dated: 5- 1-1996 SCHEDULE B Mature: 2- 1 First Interest: 2- 1-1997 Total Capital- Net Projected Year of Year of Principal ized Levy 105\ Assessment Annual Levy Mat. Principal Rates Interest & Interest Interest Required of Total IncoMe Surplus (1 ) (2) (3) (4) (5 ) (6) (7) (8) (9) ( 10) (11) 1995 1997 0 0.00\ 44 , 130 44 , 130 44 , 130 0 0 0 0 1996 1998 185,000 3.70\ 58,840 243,840 0 243,840 256,032 264 , 179 8,147 1997 1999 170,000 3 . 90'6 51,995 221,995 0 221,995 233,095 239,298 6,203 1998 2000 165,000 4 .00'6 45,365 210,365 0 210,365 220,883 228,554 7,671 1999 2001 165,000 4.10\ 38,765 203,765 0 203,765 213,953 217,810 3,857 2000 2002 160,000 4.20'6 32,000 192,000 0 192,000 201,600 207,064 5,464 2001 2003 130,000 4.30\ 25,280 155,280 0 155,280 163,044 168,947 5,903 2002 2004 130,000 4.40\ 19,690 149,690 0 149,690 157,175 159,982 2,807 2003 2005 125,000 4.50\ 13,970 138,970 0 138,970 145,919 151,021 5 , 1 02 2004 2006 115,000 4 . 60'6 8,345 123,345 0 123,345 129,512 136,329 6,817 2005 2007 65,000 4 .70'6 3,055 68,055 0 68,055 71,458 77,309 5,851 TOTALS: 1,410,000 341,435 1,751,435 44 , 130 1,707,305 1,792,671 1,850,493 Bond Years: Avg. Maturity: Avg. Annual Rate: 1. 1. C . Rate: 7,912.50 5.61 4.315\ 4.506\ Annual Interest: Plus Discount: Net Interest: N. 1. C. Rate: 341,435 14,100 355,535 4.493\ Interest rates are estimates; changes may cause significant alterations of this schedule. The actual underwriter's discount bid may also vary. )> "V "V '1J m Q) "Vz co lie <II (C- ..... .>< N Nl'D e City of Stillwater, Minnesota G.O. Improvement Bonds, Series 1996B 12 Projects PROJECTED ASSESSMENT INCOME L.I. 304, Myrtlewood Filing Date: 11 1/1997 L.I. 306, Highlands VI Filing Date: 11 1/1997 Filing Collect Interest Interest Year Year Principal ~ 7.500% Total Principal ~ 7.500% Total ------- -------.-- -------- --------- -------- 1996 1997 15,817 10,677a 26,494 1 ,427 963b 2,390 1997 1998 15,817 9,490 25,307 1 ,427 856 2,283 1998 1999 15,817 8,304 24,121 1,427 749 2 , 176 1999 2000 15,817 7,118 22,935 1 ,427 642 2,069 2000 2001 15,817 5,932 21,749 1,427 535 1 , 962 2001 2002 15,817 4,745 20,562 1,427 428 1 , 855 2002 2003 15,817 3,559 19,376 1,427 321 1,748 2003 2004 15,817 2,373 18, 1 90 1 ,427 214 1,641 2004 2005 15,820 1 , 187 17,007 1,430 107 1,537 2005 2006 TOTALS 142,356 53,385 195,741 12,846 4,815 17,661 a) Includes interest from filing date to 12/31/1997. b) Includes interest from filing date to 12/31/1997. "tJ l\) (Q (I) ...... w e Prepared February 23, 1996 By SPRINGSTED Incorporated Page 1 of 5 L.I. 307, Myrtle St. Rehab. Filing Date: 11 1/1997 Interest Principal ~ 7.500% Total --------- -------- 3, 193 2, 155c 5,348 3,193 1 ,916 5 , 1 09 3,193 1 ,676 4,869 3 , 1 93 1,437 4,630 3 , 193 1 , 197 4,390 3, 193 958 4,151 3, 1 93 718 3,911 3 , 1 93 479 3,672 3, 1 89 239 3,428 28,733 10,775 39,508 C) Includes interest from filing date to 12/31/1997. )> "'U "'U "'Urn IIZ laC CD_ w>< ~I:D e e City of Stillwater, Minnesota G.O. Improvement Bonds, Series 1996B 12 Projects Prepared February 23, 1996 By SPRINGSTED Incorporated Page 2 of 5 PROJECTED ASSESSMENT INCOME L.I. 312, 1995 Streets L.I. 317, Good Samaritan L.I. 313, Calibre Ridge Filing Date: 11 1/1997 Filing Date: 101 111996 Filing Date: 101 111996 Filing Collect Interest Interest Interest Year Year Principal , 7.500% Total Principal , 6.500% Total Principal , 6.500% Total ------- --------- .------- --------- -------- --------- -------- 1996 1997 30,071 20,298a 50,369 3 , 1 95 2,601b 5,796 25,025 20, 366c 45,391 1997 1998 30,071 18,043 48, 114 3, 195 1 , 869 5,064 25,025 14,639 39,664 1998 1999 30,071 15,787 45,858 3, 195 1 ,662 4,857 25,025 13,013 38,038 1999 2000 30,071 13,532 43,603 3, 195 1 , 454 4,649 25,025 11,386 36,411 2000 2001 30,071 11,277 41 ,348 3, 195 1,246 4,441 25,025 9,760 34,785 2001 2002 30,071 9,021 39,092 3,195 1 , 039 4,234 25,025 8,133 33, 158 2002 2003 30,071 6,766 36,837 3, 195 831 4,026 25,025 6,506 31,531 2003 2004 30,071 4,511 34,582 3, 195 623 3,818 25,025 4,880 29,905 2004 2005 30,071 2,255 32,326 3, 195 416 3,611 25,025 3,253 28,278 2005 2006 3, 199 208 3,407 25,023 1 ,626 26,649 TOTALS 270,639 101,490 372,129 31,954 11,949 43,903 250,248 93,562 343,810 a) Includes interest from filing b) Includes interest from filing c) Includes interest from filing date to 12/31/1997. date to 12/31/1997. date to 12/31/1997. .... ~ )> "'U "'U "'Urn "z ClIO CD_ w)( Nm "'tJ Q) (Q (1) . City of Stillwater, Minnesota G.O. Improvement Bonds, Series 1996B 12 Projects L.I. 309, Wildwood Pines Filing Date: 101 111996 Filing Collect Interest Year Year Principal (l 6.500'& Total ------- --------- -------- 1996 1997 12,997 10,577a 23,574 1997 1998 12,997 7,603 20,600 1998 1999 12,997 6,758 19,755 1999 2000 12,997 5,913 18,910 2000 2001 12,997 5,069 18,066 2001 2002 12,997 4,224 17,221 2002 2003 12,997 3,379 16,376 2003 2004 12,997 2,534 15,531 2004 2005 12,997 1 ,689 14,686 2005 2006 12,992 844 13,836 TOTALS 129,965 48,590 178,555 a) Includes interest from filing date to 12/31/1997. "'0 I>> (Q CD ~ c.n PROJECTED ASSESSMENT INCOME L.I. 308, Kutz Addition Filing Date: 101 111996 Interest Principal @ 6.500'& Total --------- -------- 27,374 11 , 1 39b 38,513 27,374 7,117 34,491 27,374 5,338 32,712 27,374 3,558 30,932 27,372 1 , 779 29,151 136,868 28,931 165,799 b) Includes interest from filing date to 12/31/1997. e Prepared February 23, 1996 By SPRINGSTED Incorporated Page 3 of 5 L.I. 305, Pinehill Estates Filing Date: 101 111996 Interest Principal (l 6.500'& Total --------- -------- 17 , 189 13,989c 31,178 17 , 189 10,056 27,245 17 , 189 8,938 26,127 17 , 189 7,821 25,010 17 , 189 6,704 23,893 17 , 189 5,586 22 , 775 17 , 189 4,469 21,658 17 , 189 3,352 20,541 1 7 , 1 89 2,235 19,424 17 , 190 1,117 18,307 171 ,891 64,267 236,158 c) Includes interest from filing date to 12/31/1997. :a- "U "U "Urn -z cae CD_ w>< c',.,m e City of Stillwater, Minnesota G.O. Improvement Bonds, Series 1996B 12 Projects PROJECTED ASSESSMENT INCOME L.I. 319, Yacht Club L.I. 310, 1995 Sidewalks Filing Date: 101 111996 Filing Date: 101 111996 Filing Collect Interest Interest Year Year Principal , 6.500% Total Principal @ 6.500% Total ---....--- --------- -------- --------- -------- 1996 1997 5,400 4,395a 9,795 8,788 7,152b 15,940 1997 1998 5,400 3, 159 8,559 8,788 5,141 13,929 1998 1999 5,400 2,808 8,208 8,788 4,570 13,358 1999 2000 5,400 2,457 7,857 8,788 3,999 12,787 2000 2001 5,400 2,106 7,506 8,788 3,427 12,215 2001 2002 5,400 1 , 755 7, 155 8,788 2,856 11,644 2002 2003 5,400 1 ,404 6,804 8,788 2,285 11,073 2003 2004 5,400 1 ,053 6,453 8,788 1 ,714 10,502 2004 2005 5,400 702 6, 1 02 8,788 1,142 9,930 2005 2006 5,400 351 5,751 8,788 571 9,359 TOTALS 54,000 20, 190 74,190 87,880 32,857 120,737 a) Includes interest from filing date to 12/31/1997. b) Includes interest from filing date to 12/31/1997. "'tJ I>> (Q CD ...... en Prepared February 23, 1996 By SPRINGSTED Incorporated Page 4 of 5 L.I. 303, North Broadway Filing Date: 11 1/1997 Interest Principal '8.000% 5,726 5,726 5,726 5,726 5,726 5,726 5,726 5,728 3,665c 3,207 2,749 2,291 1 , 832 1 ,374 916 458 45,810 16,492 e Total 9,391 8,933 8,475 8,017 7,558 7,100 6,642 6,186 62,302 c) Includes interest from filing date to 12/31/1997. :a- "'U "'U "'Urn I>>Z (Dc CD_ w>< ..m e City of Stillwater, Minnesota G.O. Improvement Bonds, Series 1996B 12 Projects e Prepared February 23, 1996 By SPRINGSTED Incorporated Page 5 of 5 PROJECTED ASSESSMENT INCOME - - - - TOT A L - - - - - Filing Collect Year Year Principal Interest Total .------ --------- -------- 1996 1997 156,202 107,977 264 , 179 1997 1998 156,202 83,096 239,298 1998 1999 156,202 72,352 228,554 1999 2000 156,202 61,608 217,810 2000 2001 156,200 50,864 207,064 2001 2002 128,828 40,119 168,947 2002 2003 128,828 31 ,154 159,982 2003 2004 128,830 22,191 151,021 2004 2005 123,104 13,225 136,329 2005 2006 72,592 4,717 77,309 TOTALS 1 , 363, 190 487,303 1,850,493 ...... ...... :a- "tJ "tJ "tJm I>>z laC CD_ w)( ci.m -0 Q) co (1) APPENDIX C Page 1 <<tv of Stillwater, Minnesota G.O. Refunding Bonds, Series 1996 Prepared: 02123/96 By SPRINGSTED Incorporated Current Refunding Summary Date of Bonds: Delivery Date: Refunded Call: 1 st Callable: 05/01/96 05/06/96 08/01/96 02101/97 Partial Current Refunding of G.O. Tax Inc. Bonds, Ser. 1986A & 1987A Even Annual Savings Structure Refunding Bond Rating: A Refunding Delivery Date Sources / Uses Sources of Funds on: 05/06/96 Refunding Principal: 825,000.00 Accrued Interest: 471.05 Total Sources of Funds: 825,471.05 Uses of Funds on: 05/06/96 Discount @ $10.00 8,250.00 Acc. Int. & Unused Disc: 471.05 Refunding Expenses: 15,500.00 Investment to Call Date: 801,250.00 Total Uses of Funds: 825,471.05 Refunded Bond Call Date Sources / Uses Sources of Funds on: 08/01/96 Invest. Proceeds Mature: 801,250.00 Inv. Earnings @ 4.75%: 8,986.24 Funds from Issuer: Total Sources of Funds: 810,236.24 Uses of Funds on: 08/01/96 Refunded Principal: 810,000.00 Refunded Call Premium: Excess Proceeds: 236.24 Total Uses of Funds: 810,236.24 Refunded / Refunding Bond Comparison As of: Refunded Refunding 05/01/96 Statistics Statistics Principal: 810,000 825,000 Interest: 299,231 179,281 nd Yrs: 4,198 4,214 vg. Mat: 5.182 5.108 NIC: 7.13% 4.45% Total Net Savings/Present Value Savings Future Savings: 90,765.00 Less Funds From Issuer: Plus Accr. Int. to D/S Fund: 471.05 Plus Exc. Proc. to D/S Fund: 236.24 Total Net Savings: 91.472.29 Present Value Say @ 4.24% : 76,620.04 As % of P.V. Refunded Int.: 31.21% Page 18 City of Stillwater, Minnesota ~O. Refunding Bonds, Series 1996 ~funding Debt Service APPENDIX C Page 2 Prepared: 02/23/96 By SPRINGSTED Incorporated Schedule D Date Principal Rate Interest Semi-Annual Annual 02/01/97 60,000.00 3.500% 25,436.25 85,436.25 85,436.25 08/01/97 15,907.50 15,907.50 02/01/98 85,000.00 3.700% 15,907.50 100,907.50 116,815.00 08/01/98 14,335.00 14,335.00 02/01/99 85,000.00 3.900% 14,335.00 99,335.00 113,670.00 08/01/99 12,677.50 12,677.50 02/01/2000 90,000.00 4.000% 12,677.50 102,677.50 115,355.00 08/01/2000 10,877.50 10,877.50 02/01/2001 95,000.00 4.100% 10,877.50 105,877.50 116,755.00 08/01/2001 8,930.00 8,930.00 02/01/2002 95,000.00 4.200% 8,930.00 103,930.00 112,860.00 08/01/2002 6,935.00 6,935.00 02/01/2003 100,000.00 4.300% 6,935.00 106,935.00 113,870.00 08/01/2003 4,785.00 4,785.00 02/01/2004 105,000.00 4.400% 4,785.00 109,785.00 114,570.00 08/01/2004 2,475.00 2,475.00 02/01/2005 110,000.00 4.500% 2,475.00 112,475.00 114,950.00 .tals Bond Date. : Avg. Mat..: NIC....... : 825,000.00 179,281.25 1,004,281.25 1,004,281.25 05/01/96 5.108 4.450% Delivery. . : Discount.%: Bond Yield: 05/06/96 1.00000% 4.24183% Page 19 City of Stillwater, Minnesota ~O. Refunding Bonds, Series 1996 ~nual Savings Analysis APPENDIX C Page 3 Prepared: 02/23/96 By SPRINGSTED Incorporated Schedule E Refunding Non-Refunded Total New Existing Savings Date Debt Service Debt Service Debt Service Debt Service or (Loss) (1 ) (2) (3 ) (4) (5 ) (6 ) 08/01/96 02/01/97 85,436.25 28,368.75 113,805.00 126,737.50 12,932.50 08/01/97 02/01/98 116,815.00 116,815.00 127,117.50 10,302.50 08/01/98 02/01/99 113,670.00 113,670.00 122,097.50 8,427.50 08/01/99 02/01/2000 115,355.00 115,355.00 122,002.50 6,647.50 08/01/2000 02/01/2001 116,755.00 116,755.00 126,515.00 9,760.00 08/01/2001 02/01/2002 112,860.00 112,860.00 125,260.00 12,400.00 08/01/2002 02/01/2003 113,870.00 113,870.00 123,570.00 9,700.00 08/01/2003 02/01/2004 114,570.00 114,570.00 126,490.00 11,920.00 08/01/2004 02/01/2005 . 114,950.00 114,950.00 123,625.00 8,675.00 etals Present Present As % of 1,004,281.25 28,368.75 1,032,650.00 1,123,415.00 90,765.00 Value Rate. . . : Value Savings: P.V. Ref. Int: 4.2418% 76,620.04 31. 21% Exc. Pro. to D/S Fund: 236.24 Ace. Int. to DjS Fund: 471.05 Total Net Savings....: 91,472.29 Page 20 THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS: e TERMS OF PROPOSAL $5,530,000 CITY OF STILLWATER, MINNESOTA GENERAL OBLIGATION CAPITAL OUTLAY BONDS, SERIES 1996A (BOOK ENTRY ONLY) Proposals for the Bonds will be received on Tuesday, April 2, 1996, until 12:00 Noon, Central Time, at the offices of Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint Paul, Minnesota, after which time they will be opened and tabulated. Consideration for award of the Bonds will be by the City Council at 7:00 P.M., Central Time, ofthe same day. SUBMISSION OF PROPOSALS Proposals may be submitted in a sealed envelope or by fax (612) 223-3002 to Springsted. Signed Proposals, without final price or coupons, may be submitted to Springsted prior to the time of sale. The bidder shall be responsible for submitting to Springsted the final Proposal price and coupons, by telephone (612) 223-3000 or fax (612) 223-3002 for inclusion in the submitted Proposal. Springsted will assume no liability for the inability of the bidder to reach Springsted prior to the time of sale specified above. Proposals may also be filed electronically via PARITY, in accordance with PARITY Rules of Participation and the Terms of Proposal, within a one-hour period prior to the time of sale established above, but no Proposals will be received after that time. If provisions in the Terms of Proposal conflict with the PARITY Rules of Participation, the Terms of Proposal shall control. The normal fee for use of PARITY may be obtained from PARITY and such fee shall be the responsibility of the bidder. For further information about PARITY, potential bidders may contact PARITY at 100 116th Avenue SE, Suite 100, Bellevue, Washington 98004, telephone (206) 635-3545. Neither the City nor Springsted Incorporated assumes any liability if there is a malfunction of PARITY. All bidders are advised that each Proposal shall be deemed to constitute a contract between the bidder and the City to purchase the Bonds regardless of the manner of the Proposal submitted. DETAILS OF THE BONDS The Bonds will be dated May 1, 1996, as the date of original issue, and will bear interest payable on February 1 and August 1 of each year, commencing February 1,1997. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Bonds will mature February 1 in the years and amounts as follows: 1997 $285,000 1998 $245,000 1999 $260,000 2000 $265,000 2001 $275,000 2002 $290,000 2003 $195,000 2004 $205,000 2005 $215,000 2006 $220,000 2007 $230,000 2008 $145,000 2009 $150,000 2010 $160,000 2011 $165,000 2012 $175,000 2013 $185,000 2014 $195,000 2015 $205,000 2016 $215,000 2017 $225,000 2018 $235,000 2019 $250,000 2020 $265,000 2021 $275,000 e Proposals for the Bonds may contain a maturity schedule providing for any combination of serial bonds and term bonds so long as the amount of principal maturing or subject to mandatory redemption in each year conforms to the maturity schedule set forth above. Page 21 e e BOOK ENTRY SYSTEM The Bonds will be issued by means of a book entry system with no physical distribution of Bonds made to the public. The Bonds will be issued in fully registered form and one Bond, representing the aggregate principal amount of the Bonds maturing in each year, will be registered in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), New York, New York, which will act as securities depository of the Bonds. Individual purchases of the Bonds may be made in the principal amount of $5,000 or any multiple thereof of a single maturity through book entries made on the books and records of DTC and its participants. Principal and interest are payable by the registrar to DTC or its nominee as registered owner of the Bonds. Transfer of principal and interest payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest payments to beneficial owners by participants will be the responsibility of such participants and other nominees of beneficial owners. The purchaser, as a condition of delivery of the Bonds, will be required to deposit the Bonds with DTC. REGISTRAR The City will name the registrar which shall be subject to applicable SEC regulations. The City will pay for the services of the registrar. OPTIONAL REDEMPTION The City may elect on February 1, 2006, and on any day thereafter, to prepay Bonds due on or after February 1, 2007. Redemption may be in whole or in part and if in part at the option of the City and in such manner as the City shall determine. If less than all Bonds of a maturity are called for redemption, the City will notify DTC of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. All prepayments shall be at a price of par plus accrued interest. MANDATORY REDEMPTION Any term bonds issued shall be subject to mandatory sinking fund redemption in part prior to their scheduled maturity dates on February 1 of certain years, as more fully described in the Details of the Bonds section herein, at a price of par plus accrued interest to the date of redemption. SECURITY AND PURPOSE The Bonds will be general obligations of the City for which the City will pledge its full faith and credit and power to levy direct general ad valorem taxes. The proceeds will be used to finance 1996 capital outlays and refund the 1997 through 2002 maturities of the General Obligation Capital Outlay Bonds, Series 1986A, dated December 1, 1986. TYPE OF PROPOSALS Proposals shall be for not less than $5,447,050 and accrued interest on the total principal amount of the Bonds. Proposals shall be accompanied by a Good Faith Deposit ("Deposit") in the form of a certified or cashier's check or a Financial Surety Bond in the amount of $55,300, payable to the order of the City. If a check is used, it must accompany each proposal. If a Financial Surety Bond is used, it must be from an insurance company licensed to issue such a bond in the State of Minnesota, and preapproved by the City. Such bond must be submitted to Springsted Incorporated prior to the opening of the proposals. The Financial Surety Bond must identify each underwriter whose Deposit is guaranteed by such Financial Surety Bond. If the Bonds are awarded to an underwriter using a Financial Surety Bond, then that purchaser is Page 22 e e required to submit its Deposit to Springsted Incorporated in the form of a certified or cashier's check or wire transfer as instructed by Springsted Incorporated not later than 3:30 P.M., Central Time, on the next business day following the award. If such Deposit is not received by that time, the Financial Surety Bond may be drawn by the City to satisfy the Deposit requirement. The City will deposit the check of the purchaser, the amount of which will be deducted at settlement and no interest will accrue to the purchaser. In the event the purchaser fails to comply with the accepted proposal, said amount will be retained by the City. No proposal can be withdrawn or amended after the time set for receiving proposals unless the meeting of the City scheduled for award of the Bonds is adjourned, recessed, or continued to another date without award of the Bonds having been made. Rates shall be in integral multiples of 5/100 or 1/8 of 1 %. Rates must be in ascending order. Bonds of the same maturity shall bear a single rate from the date of the Bonds to the date of maturity. No conditional proposals will be accepted. In order to designate term bonds, the proposal must specify "Last Year of Serial Maturities" and "Years of Term Maturities" in the spaces provided on the Proposal Form. All principal payments scheduled to be made in and before the year specified as the "Last Year of Serial Maturities" shall be designated as maturity amounts of serial bonds; all principal payments scheduled to be made after the year specified as "Last Year of Serial Maturities" and through each year specified under "Years of Term Maturities" shall be designated as mandatory sinking fund redemptions of term bonds maturing in the year(s) so designated. AWARD The Bonds will be awarded on the basis of the lowest interest rate to be determined on a true interest cost (TIC) basis. The City's computation of the interest rate of each proposal, in accordance with customary practice, will be controlling. The City will reserve the right to: (i) waive non-substantive informalities of any proposal or of matters relating to the receipt of proposals and award of the Bonds, (ii) reject all proposals without cause, and, (iii) reject any proposal which the City determines to have failed to comply with the terms herein. BOND INSURANCE AT PURCHASER'S OPTION If the Bonds qualify for issuance of any policy of municipal bond insurance or commitment therefor at the option of the underwriter, the purchase of any such insurance policy or the issuance of any such commitment shall be at the sole option and expense of the purchaser of the Bonds. Any increased costs of issuance of the Bonds resulting from such purchase of insurance shall be paid by the purchaser, except that, if the City has requested and received a rating on the Bonds from a rating agency, the City will pay that rating fee. Any other rating agency fees shall be the responsibility of the purchaser. Failure of the municipal bond insurer to issue the policy after Bonds have been awarded to the purchaser shall not constitute cause for failure or refusal by the purchaser to accept delivery on the Bonds. CUSIP NUMBERS If the Bonds qualify for assignment of CUSIP numbers such numbers will be printed on the Bonds, but neither the failure to print such numbers on any Bond nor any error with respect thereto will constitute cause for failure or refusal by the purchaser to accept delivery of the Bonds. The CUSIP Service Bureau charge for the assignment of CUSIP identification numbers shall be paid by the purchaser. Page 23 SETTLEMENT e Within 40 days following the date of their award, the Bonds will be delivered without cost to the purchaser at a place mutually satisfactory to the City and the purchaser. Delivery will be subject to receipt by the purchaser of an approving legal opinion of Dorsey & Whitney P.L.L.P. of Minneapolis, Minnesota, and of customary closing papers, including a no-litigation certificate. On the date of settlement payment for the Bonds shall be made in federal, or equivalent, funds which shall be received at the offices of the City or its designee not later than 12:00 Noon, Central Time. Except as compliance with the terms of payment for the Bonds shall have been made impossible by action of the City, or its agents, the purchaser shall be liable to the City for any loss suffered by the City by reason of the purchaser's non-compliance with said terms for payment. CONTINUING DISCLOSURE In order to permit the underwriters purchasing the Bonds to comply with paragraph (b)(5) of Rule 15c2-12, in the Resolution authorizing and ordering issuance of the Bonds the City will covenant and agree for the benefit of the holders from time to time of the Bonds, to comply with Rule 15c2-12, paragraph (b)(5). A description of the City's undertaking is set forth in the Official Statement. OFFICIAL STATEMENT The City has authorized the preparation of an Official Statement containing pertinent information relative to the Bonds, and said Official Statement will serve as a nearly-final Official Statement within the meaning of Rule 15c2-12 of the Securities and Exchange Commission. For copies of the Official Statement or for any additional information prior to sale, any prospective purchaser is referred to the Financial Advisor to the City, Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint Paul, Minnesota 55101, telephone (612) 223-3000. The Official Statement, when further supplemented by an addendum or addenda specifying the maturity dates, principal amounts and interest rates of the Bonds, together with any other information required by law, shall constitute a "Final Official Statement" of the City with respect to the Bonds, as that term is defined in Rule 15c2-12. By awarding the Bonds to any underwriter or underwriting syndicate submitting a proposal therefor, the City agrees that, no more than seven business days after the date of such award, it shall provide without cost to the senior managing underwriter of the syndicate to which the Bonds are awarded 220 copies of the Official Statement and the addendum or addenda described above. The City designates the senior managing underwriter of the syndicate to which the Bonds are awarded as its agent for purposes of distributing copies of the Final Official Statement to each Participating Underwriter. Any underwriter delivering a proposal with respect to the Bonds agrees thereby that if its proposal is accepted by the City (i) it shall accept such designation and (ii) it shall enter into a contractual relationship with all Participating Underwriters of the Bonds for purposes of assuring the receipt by each such Participating Underwriter of the Final Official Statement. Dated February 27, 1996 BY ORDER OF THE CITY COUNCIL Isl Morli Weldon Clerk e Page 24 THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS: e TERMS OF PROPOSAL $1,410,000 CITY OF STILLWATER, MINNESOTA GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1996B (BOOK ENTRY ONLY) Proposals for the Bonds will be received on Tuesday, April 2, 1996, until 12:00 Noon, Central Time, at the offices of Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint Paul, Minnesota, after which time they will be opened and tabulated. Consideration for award of the Bonds will be by the City Council at 7:00 P.M., Central Time, of the same day. SUBMISSION OF PROPOSALS Proposals may be submitted in a sealed envelope or by fax (612) 223-3002 to Springsted. Signed Proposals, without final price or coupons, may be submitted to Springsted prior to the time of sale. The bidder shall be responsible for submitting to Springsted the final Proposal price and coupons, by telephone (612) 223-3000 or fax (612) 223-3002 for inclusion in the submitted Proposal. Springsted will assume no liability for the inability of the bidder to reach Springsted prior to the time of sale specified above. Proposals may also be filed electronically via PARITY, in accordance with PARITY Rules of Participation and the Terms of Proposal, within a one-hour period prior to the time of sale established above, but no Proposals will be received after that time. If provisions in the Terms of Proposal conflict with the PARITY Rules of Participation, the Terms of Proposal shall control. The normal fee for use of PARITY may be obtained from PARITY and such fee shall be the responsibility of the bidder. For further information about PARITY, potential bidders may contact PARITY at 100 116th Avenue SE, Suite 100, Bellevue, Washington 98004, telephone (206) 635-3545. Neither the City nor Springsted Incorporated assumes any liability if there is a malfunction of PARITY. All bidders are advised that each Proposal shall be deemed to constitute a contract between the bidder and the City to purchase the Bonds regardless of the manner of the Proposal submitted. DETAILS OF THE BONDS The Bonds will be dated May 1, 1996, as the date of original issue, and will bear interest payable on February 1 and August 1 of each year, commencing February 1,1997. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Bonds will mature February 1 in the years and amounts as follows: 1998 $185,000 1999 $170,000 2000 $165,000 2001 $165,000 2002 $160,000 2003 $130,000 2004 $130,000 2005 $125,000 2006 $115,000 2007 $ 65,000 BOOK ENTRY SYSTEM e The Bonds will be issued by means of a book entry system with no physical distribution of Bonds made to the public. The Bonds will be issued in fully registered form and one Bond, representing the aggregate principal amount of the Bonds maturing in each year, will be registered in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), Page 25 e New York, New York, which will act as securities depository of the Bonds. Individual purchases of the Bonds may be made in the principal amount of $5,000 or any multiple thereof of a single maturity through book entries made on the books and records of DTC and its participants. Principal and interest are payable by the registrar to DTC or its nominee as registered owner of the Bonds. Transfer of principal and interest payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest payments to beneficial owners by participants will be the responsibility of such participants and other nominees of beneficial owners. The purchaser, as a condition of delivery of the Bonds, will be required to deposit the Bonds with DTC. REGISTRAR The City will name the registrar which shall be subject to applicable SEC regulations. The City will pay for the services of the registrar. OPTIONAL REDEMPTION The City may elect on February 1, 2004, and on any day thereafter, to prepay Bonds due on or after February 1, 2005. Redemption may be in whole or in part and if in part at the option of the City and in such manner as the City shall determine. If less than all Bonds of a maturity are called for redemption, the City will notify DTC of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. All prepayments shall be at a price of par plus accrued interest. SECURITY AND PURPOSE The Bonds will be general obligations of the City for which the City will pledge its full faith and credit and power to levy direct general ad valorem taxes. In addition the City will pledge special assessments against benefited property. The proceeds will be used to finance various improvements within the City. TYPE OF PROPOSALS e Proposals shall be for not less than $1,395,900 and accrued interest on the total principal amount of the Bonds. Proposals shall be accompanied by a Good Faith Deposit ("Deposit") in the form of a certified or cashier's check or a Financial Surety Bond in the amount of $14,100, payable to the order of the City. If a check is used, it must accompany each proposal. If a Financial Surety Bond is used, it must be from an insurance company licensed to issue such a bond in the State of Minnesota, and preapproved by the City. Such bond must be submitted to Springsted Incorporated prior to the opening of the proposals. The Financial Surety Bond must identify each underwriter whose Deposit is guaranteed by such Financial Surety Bond. If the Bonds are awarded to an underwriter using a Financial Surety Bond, then that purchaser is required to submit its Deposit to Springsted Incorporated in the form of a certified or cashier's check or wire transfer as instructed by Springsted Incorporated not later than 3:30 P.M., Central Time, on the next business day following the award. If such Deposit is not received by that time, the Financial Surety Bond may be drawn by the City to satisfy the Deposit requirement. The City will deposit the check of the purchaser, the amount of which will be deducted at settlement and no interest will accrue to the purchaser. In the event the purchaser fails to comply with the accepted proposal, said amount will be retained by the City. No proposal can be withdrawn or amended after the time set for receiving proposals unless the meeting of the City scheduled for award of the Bonds is adjourned, recessed, or continued to another date without award of the Bonds having been made. Rates shall be in integral multiples of 5/100 or 1/8 of 1%. Rates must be in ascending order. Bonds of the same maturity shall bear a single rate from the date of the Bonds to the date of maturity. No conditional proposals will be accepted. Page 26 AWARD e The Bonds will be awarded on the basis of the lowest interest rate to be determined on a true interest cost (TIC) basis. The City's computation of the interest rate of each proposal, in accordance with customary practice, will be controlling. The City will reserve the right to: (i) waive non-substantive informalities of any proposal or of matters relating to the receipt of proposals and award of the Bonds, (ii) reject all proposals without cause, and, (iii) reject any proposal which the City determines to have failed to comply with the terms herein. BOND INSURANCE AT PURCHASER'S OPTION If the Bonds qualify for issuance of any policy of municipal bond insurance or commitment therefor at the option of the underwriter, the purchase of any such insurance policy or the issuance of any such commitment shall be at the sole option and expense of the purchaser of the Bonds. Any increased costs of issuance of the Bonds resulting from such purchase of insurance shall be paid by the purchaser, except that, if the City has requested and received a rating on the Bonds from a rating agency, the City will pay that rating fee. Any other rating agency fees shall be the responsibility of the purchaser. Failure of the municipal bond insurer to issue the policy after Bonds have been awarded to the purchaser shall not constitute cause for failure or refusal by the purchaser to accept delivery on the Bonds. CUSIP NUMBERS If the Bonds qualify for assignment of CUSIP numbers such numbers will be printed on the Bonds, but neither the failure to print such numbers on any Bond nor any error with respect thereto will constitute cause for failure or refusal by the purchaser to accept delivery of the Bonds. The CUSIP Service Bureau charge for the assignment of CUSIP identification numbers shall be paid by the purchaser. SETTLEMENT Within 40 days following the date of their award, the Bonds will be delivered without cost to the purchaser at a place mutually satisfactory to the City and the purchaser. Delivery will be subject to receipt by the purchaser of an approving legal opinion of Dorsey & Whitney P.L.L.P. of Minneapolis, Minnesota, and of customary closing papers, including a no-litigation certificate. On the date of settlement payment for the Bonds shall be made in federal, or equivalent, funds which shall be received at the offices of the City or its designee not later than 12:00 Noon, Central Time. Except as compliance with the terms of payment for the Bonds shall have been made impossible by action of the City, or its agents, the purchaser shall be liable to the City for any loss suffered by the City by reason of the purchaser's non-compliance with said terms for payment. CONTINUING DISCLOSURE e In order to permit the underwriters purchasing the Bonds to comply with paragraph (b){5) of Rule 15c2-12, in the Resolution authorizing and ordering issuance of the Bonds the City will covenant and agree for the benefit of the holders from time to time of the Bonds, to comply with Rule 15c2-12, paragraph (b }(5). A description of the City's undertaking is set forth in the Official Statement. Page 27 e e OFFICIAL STATEMENT The City has authorized the preparation of an Official Statement containing pertinent information relative to the Bonds, and said Official Statement will serve as a nearly-final Official Statement within the meaning of Rule 15c2-12 of the Securities and Exchange Commission. For copies of the Official Statement or for any additional information prior to sale, any prospective purchaser is referred to the Financial Advisor to the City, Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint Paul, Minnesota 55101, telephone (612) 223-3000. The Official Statement, when further supplemented by an addendum or addenda specifying the maturity dates, principal amounts and interest rates of the Bonds, together with any other information required by law, shall constitute a "Final Official Statement" of the City with respect to the Bonds, as that term is defined in Rule 15c2-12. By awarding the Bonds to any underwriter or underwriting syndicate submitting a proposal therefor, the City agrees that, no more than seven business days after the date of such award, it shall provide without cost to the senior managing underwriter of the syndicate to which the Bonds are awarded 55 copies of the Official Statement and the addendum or addenda described above. The City designates the senior managing underwriter of the syndicate to which the Bonds are awarded as its agent for purposes of distributing copies of the Final Official Statement to each Participating Underwriter. Any underwriter delivering a proposal with respect to the Bonds agrees thereby that if its proposal is accepted by the City (i) it shall accept such designation and (ii) it shall enter into a contractual relationship with all Participating Underwriters of the Bonds for purposes of assuring the receipt by each such Participating Underwriter of the Final Official Statement. Dated February 27, 1996 BY ORDER OF THE CITY COUNCIL Isl Morli Weldon Clerk Page 28 THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS ISSUE ON ITS BEHALF. PROPOSALS Will BE RECEIVED ON THE FOllOWING BASIS: - TERMS OF PROPOSAL $825,000* CITY OF STillWATER, MINNESOTA GENERAL OBLIGATION TAX INCREMENT REFUNDING BONDS, SERIES 1996C (BOOK ENTRY ONLY) Proposals for the Bonds will be received on Tuesday, April 2, 1996, until 12:00 Noon, Central Time, at the offices of Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint Paul, Minnesota, after which time they will be opened and tabulated. Consideration for award of the Bonds will be by the City Council at 7:00 P.M., Central Time, of the same day. SUBMISSION OF PROPOSALS Proposals may be submitted in a sealed envelope or by fax (612) 223-3002 to Springsted. Signed Proposals, without final price or coupons, may be submitted to Springsted prior to the time of sale. The bidder shall be responsible for submitting to Springsted the final Proposal price and coupons, by telephone (612) 223-3000 or fax (612) 223-3002 for inclusion in the submitted Proposal. Springsted will assume no liability for the inability of the bidder to reach Springsted prior to the time of sale specified above. Proposals may also be filed electronically via PARITY, in accordance with PARITY Rules of Participation and the Terms of Proposal, within a one-hour period prior to the time of sale established above, but no Proposals will be received after that time. If provisions in the Terms of Proposal conflict with the PARITY Rules of Participation, the Terms of Proposal shall control. The normal fee for use of PARITY may be obtained from PARITY and such fee shall be the responsibility of the bidder. For further information about PARITY, potential bidders may contact PARITY at 100 116th Avenue SE, Suite 100, Bellevue, Washington 98004, telephone (206) 635-3545. Neither the City nor Springsted Incorporated assumes any liability if there is a malfunction of PARITY. All bidders are advised that each Proposal shall be deemed to constitute a contract between the bidder and the City to purchase the Bonds regardless of the manner of the Proposal submitted. DETAILS OF THE BONDS The Bonds will be dated May 1, 1996, as the date of original issue, and will bear interest payable on February 1 and August 1 of each year, commencing February 1,1997. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Bonds will mature February 1 in the years and amounts as follows: 1997 $60,000 1998 $85,000 1999 $85,000 2000 2001 2002 $90,000 $95,000 $95,000 2003 2004 2005 $100,000 $105,000 $110,000 * The City reserves the right, after proposals are opened and prior to award, to increase or reduce the principal amount of the Bonds offered for sale. Any such increase or reduction will be in a total amount not to exceed $15,000 and will be made in multiples of $5,000 in any of the maturities. In the event the principal amount of the Bonds is increased or reduced, any premium offered or any discount taken by the successful bidder will be increased or reduced by a percentage equal to the percentage by which the principal amount of the Bonds is increased or reduced. e Page 29 e e BOOK ENTRY SYSTEM The Bonds will be issued by means of a book entry system with no physical distribution of Bonds made to the public. The Bonds will be issued in fully registered form and one Bond, representing the aggregate principal amount of the Bonds maturing in each year, will be registered in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), New York, New York, which will act as securities depository of the Bonds. Individual purchases of the Bonds may be made in the principal amount of $5,000 or any multiple thereof of a single maturity through book entries made on the books and records of DTC and its participants. Principal and interest are payable by the registrar to DTC or its nominee as registered owner of the Bonds. Transfer of principal and interest payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest payments to beneficial owners by participants will be the responsibility of such participants and other nominees of beneficial owners. The purchaser, as a condition of delivery of the Bonds, will be required to deposit the Bonds with DTC. REGISTRAR The City will name the registrar which shall be subject to applicable SEC regulations. The City will pay for the services of the registrar. OPTIONAL REDEMPTION The Bonds will not be subject to payment in advance of their respective stated maturity dates. SECURITY AND PURPOSE The Bonds will be general obligations of the City for which the City will pledge its full faith and credit and power to levy direct general ad valorem taxes. In addition the City will pledge tax increment from the City's Tax Increment Financing District NO.3. The proceeds will be used to refund the 1997 through 2004 maturities of the General Obligation Tax Increment Bonds, Series 1986A, dated December 1,. 1986 and the 1997 through 2005 maturities of the General Obligation Tax Increment Bonds, Series 1987A, dated May 1,1987. TYPE OF PROPOSALS Proposals shall be for not less than $816,750 and accrued interest on the total principal amount of the Bonds. Proposals shall be accompanied by a Good Faith Deposit ("Deposit") in the form of a certified or cashier's check or a Financial Surety Bond in the amount of $8,250, payable to the order of the City. If a check is used, it must accompany each proposal. If a Financial Surety Bond is used, it must be from an insurance company licensed to issue such a bond in the. State of Minnesota, and preapproved by the City. Such bond must be submitted to Springsted Incorporated prior to the opening of the proposals. The Financial Surety Bond must identify each underwriter whose Deposit is guaranteed by such Financial Surety Bond. If the Bonds are awarded to an underwriter using a Financial Surety Bond, then that purchaser is required to submit its Deposit to Springsted Incorporated in the form of a certified or cashier's check or wire transfer as instructed by Springsted Incorporated not later than 3:30 P.M., Central Time, on the next business day following the award. If such Deposit is not received by that time, the Financial Surety Bond may be drawn by the City to satisfy the Deposit requirement. The City will deposit the check of the purchaser, the amount of which will be deducted at settlement and no interest will accrue to the purchaser. In the event the purchaser fails to comply with the accepted proposal, said amount will be retained by the City. No proposal can be withdrawn or amended after the time set for receiving proposals unless the meeting of the City scheduled for award of the Bonds is adjourned, recessed, or continued to another date without award of the Bonds having been made. Rates shall be in integral multiples of 5/1 00 or 1/8 of 1%. Rates must be in ascending order. Bonds of the same maturity shall bear a single rate from the date of the Bonds to the date of maturity. No conditional proposals will be accepted. Page 30 AWARD e The Bonds will be awarded on the basis of the lowest interest rate to be determined on a true interest cost (TIC) basis. The City's computation of the interest rate of each proposal, in accordance with customary practice, will be controlling. The City will reserve the right to: (i) waive non-substantive informalities of any proposal or of matters relating to the receipt of proposals and award of the Bonds, (ii) reject all proposals without cause, and, (iii) reject any proposal which the City determines to have failed to comply with the terms herein. BOND INSURANCE AT PURCHASER'S OPTION If the Bonds qualify for issuance of any policy of municipal bond insurance or commitment therefor at the option of the underwriter, the purchase of any such insurance policy or the issuance of any such commitment shall be at the sole option and expense of the purchaser of the Bonds. Any increased costs of issuance of the Bonds resulting from such purchase of insurance shall be paid by the purchaser, except that, if the City has requested and received a rating on the Bonds from a rating agency, the City will pay that rating fee. Any other rating agency fees shall be the responsibility of the purchaser. Failure of the municipal bond insurer to issue the policy after Bonds have been awarded to the purchaser shall not constitute cause for failure or refusal by the purchaser to accept delivery on the Bonds. CUSIP NUMBERS If the Bonds qualify for assignment of CUSIP numbers such numbers will be printed on the Bonds, but neither the failure to print such numbers on any Bond nor any error with respect thereto will constitute cause for failure or refusal by the purchaser to accept delivery of the Bonds. The CUSIP Service Bureau charge for the assignment of CUSIP identification numbers shall be paid by the purchaser. SETTLEMENT Within 40 days following the date of their award, the Bonds will be delivered without cost to the purchaser at a place mutually satisfactory to the City and the purchaser. Delivery will be subject to receipt by the purchaser of an approving legal opinion of Dorsey & Whitney P.L.L.P. of Minneapolis, Minnesota, and of customary closing papers, including a no-litigation certificate. On the date of settlement payment for the Bonds shall be made in federal, or equivalent, funds which shall be received at the offices of the City or its designee not later than 12:00 Noon, Central Time. Except as compliance with the terms of payment for the Bonds shall have been made impossible by action of the City, or its agents, the purchaser shall be liable to the City for any loss suffered by the City by reason of the purchaser'S non-compliance with said terms for payment. CONTINUING DISCLOSURE e In order to permit the underwriters purchasing the Bonds to comply with paragraph (b){5) of Rule 15c2-12, in the Resolution authorizing IInd ordering issuance of the Bonds the City will covenant and agree for the benefit of the holders from time to time of the Bonds, to comply with Rule 15c2-12, paragraph (b){5). A description of the City's undertaking is set forth in the Official Statement. Page 31 - Ie OFFICIAL STATEMENT The City has authorized the preparation of an Official Statement containing pertinent information relative to the Bonds, and said Official Statement will serve as a nearly-final Official Statement within the meaning of Rule 15c2-12 of the Securities and Exchange Commission. For copies of the Official Statement or for any additional information prior to sale, any prospective purchaser is referred to the Financial Advisor to the City, Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint Paul, Minnesota 55101, telephone (612) 223-3000. The Official Statement, when further supplemented by an addendum or addenda specifying the maturity dates, principal amounts and interest rates of the Bonds, together with any other information required by law, shall constitute a "Final Official Statement" of the City with respect to the Bonds, as that term is defined in Rule 15c2-12. By awarding the Bonds to any underwriter or underwriting syndicate submitting a proposal therefor, the City agrees that, no more than seven business days after the date of such award, it shall provide without cost to the senior managing underwriter of the syndicate to which the Bonds are awarded 35 copies of the Official Statement and the addendum or addenda described above. The City designates the senior managing underwriter of the syndicate to which the Bonds are awarded as its agent for purposes of distributing copies of the Final Official Statement to each Participating Underwriter. Any underwriter delivering a proposal with respect to the Bonds agrees thereby that if its proposal is accepted by the City (i) it shall accept such designation and (ii) it shall enter into a contractual relationship with all Participating Underwriters of the Bonds for purposes of assuring the receipt by each such Participating Underwriter of the Final Official Statement. Dated February 27, 1996 BY ORDER OF THE CITY COUNCIL Isl Morli Weldon Clerk Page 32 ~ -e MEMORANDUM TO: Mayor and City Council FROM: Klayton Eckles, City Engineer \L'i.""'-- DATE: February 22, 1996 SUBJECT: 1996 Street Improvement Projects, L.I. 320, Job 9614 Discussion: Attached is the feasibility study from SEH discussing the proposed improvements for the 1996 street improvement project. The streets proposed to be rehabilitated and/or reconstructed generally lie in the Croixwood area. The report discusses three possible phases to this project. It is presented in this way so that Council will have the option to complete as much street corrective action as possible within our budgetary constraints. The cost of doing Phase I and Phase II is approximately $1,110,000. Given what we have completed in the past, this amount seems within our capabilities. Including Phase III at this time would allow the City to move into older areas of the City in coming years quicker, but would also stretch our funding. If the City Council elects to proceed with this project, the public hearing could be held at the March 19 meeting. A representative from SEH will be available at the meeting to present the feasibility study to the Council. Recommendation: I recommend the City Council review the attached feasibility study and discuss the phasing options available to the City. If Council elects to proceed with this project, Council should pass a resolution accepting Engineer's report and ordering a public hearing on 1996 Street Improvement Projects, L.I. 320, to be held March 19 at 7:00 p.m. .. .. e 3535 VADNAIS CENTER DRIVE, 200 SEH CENTER, Sf PAUL, MN 55110 612490-2000 800325-2055 ARCHITECTURE ENGINEERING ENVIRONMENTAL TRANSPORTATION February 23,1996 RE: Stillwater, Minnesota 1996 Street Construction L.I. 320 SEH No. A-STILL9608.00 Honorable Mayor and City Council City of Stillwater 216 North 4th Street Stillwater, MN 55082 As authorized in December 1995, we have prepared the Feasibility Report for the 1996 street improvement project. The streets included in this study are: 1. Nightingale Boulevard from Marine Circle to Northland Avenue 2. Wildcrest Lane from Nightingale Boulevard to Northland Boulevard 3. Hillside Lane from Hidden Valley Lane to Croixwood Boulevard 4. Oak Ridge Road from Croixwood Boulevard to approximately 1521in. ft. east of Maryknoll Drive 5. Maryknoll Drive from Oak Ridge Road to approximately 200 lin. ft. north of Bayberry Avenue 6. Bayberry Avenue from Hawthorne Lane to Maryknoll Avenue 7. Interlachen Drive from Northland A venue to Maryknoll Drive 8. Interlachen Court from Interlachen Drive south to the end of the cul-de-sac 9. Tamrack Court from Interlachen Drive north to the end of the cul-de-sac 10. Cottonwood Court from Interlachen Drive north to the end of the cul-de-sac 11. Edgewood Avenue from Croixwood Boulevard north to Interlachen Drive 12. Edgewood Court from Edgewood Avenue west to the end of the cul-de-sac 13. Fairlawn Drive from Croixwood Boulevard to Edgewood Avenue 14. Oak Ridge Road from approximately 150 lin. ft. east of Maryknoll Drive easterly for approximately 950 lin. ft. 15. Darrel Court from Oak Ridge Road north to the end of the cul-de-sac 16. Fairmeadows Road from Darrel Court east, approximately 1,405 lin. ft. 17. Laurie Lane from Ridge Road to Fairmeadows Road 18. Laurie Court from Fairmeadows Road north to the end of the cul-de-sac 19. Hanson Place from Oak Ridge Road north to Fairmeadows Road 20. Dundee Place from Fairmeadows Road south, approximately 500 lin. ft. 21. Crestwood Terrace from Fairmeadows Road north to Interlachen Drive 22. School Street from North 3rd Street east, approximately 1751in. ft. e Drawing Nos. 1,2 and 3 show the project location and the phasing of construction. SHORT ELLIOTT HENDRICKSON INC. MINNEAPOLIS, MN ST. CLOUD, MN CHIPPEWA FALLS, WI MADISON, WI LAKE COUNTY, IN EQUAL OPPORTUNITY EMPLOYER '{ e City of Stillwater February 23,1996 Page 2 Existing Conditions These streets were rated along with all of the streets in Stillwater as a part of the Pavement Management Study. The ratings are based on a visual inspection which identified various problems that affect the life of a street. Signs of distress include trench and curb and gutter settlements, alligator cracking, map cracking, and lack of crown. This type of damage is typically caused by inadequate drainage, frost action, inadequate street section, ground water or poor sub grade soils. Proposed Improvements Partial reconstruction is recommended for all streets in Phases I, II and III. Partial reconstruction consists of the removal and reconstruction of structure castings, milling of asp}l.altic surfaces, cold milling of aggregate base and reinstallation, installation of subdrains as noted, and repairs to existing curb and gutter. In addition to a partial reconstruction, the following streets shall have the sub base undercut 11;2 feet with a select granular borrow installed prior to construction of the compacted aggregate base. · Nightingale Boulevard from Marine Circle to Northland A venue · Fairlawn Drive from Croixwood Boulevard to Edgewood Avenue · Edgewood Court from Edgewood Avenue, approximately 275lin. ft. · Maryknoll Drive from Oak Ridge Road to Interlachen Drive The 1996 Street Construction Project will consist of the partial reconstruction of the above-noted roadways. This project shall be organized into three distinct phases. Phase I shall consist of the following roadways to be partially reconstructed: · Nightingale Boulevard from Marine Circle to Northland A venue, approximately 1,870 lin. ft. · Wildcrest Lane from Nightingale Boulevard to Northland Avenue, approximately 875 lin. ft. · Hillside Lane from Hidden Valley Lane to Croixwood Boulevard, approximately 890 lin. ft. · School Street from North 3rd Street east, approximately 175lin. ft. Total Approximate Length of Phase I: 3,810 lin. ft. Phase II shall consist of the following roadways to be partially reconstructed: . Maryknoll Drive from Interlachen Drive to approximately 200 lin. ft. north of Bayberry Avenue, approximately 1,335 lin. ft. Bayberry Avenue from Hawthorne Lane to Maryknoll Avenue, approximately 1,017 lin. ft. e . . r e City of Stillwater February 23, 1996 Page 3 · Interlachen Drive from Northland A venue to Maryknoll Drive, approximately 1,684 lin. ft. · Interlachen Court from Interlachen Drive south to the end of the cul-de-sac, approximately 290 lin. ft. · Tamrack Court from Interlachen Drive north to the end of the cul-de-sac, approximately 540 lin. ft. · Cottonwood Court from Interlachen Drive north to the end of the cul-de-sac, approximately 230 lin. ft. · Edgewood Avenue from Croixwood Boulevard north to Interlachen Drive, approximately 1,535lin ft. · Edgewood Court from Edgewood A venue west to the end of the cul-de-sac, approximately 550 lin. ft. · Fairlawn Drive from Croixwood Boulevard to Edgewood A venue, approximately 945 lin. ft. Total Approximate Length of Phase II: 8,1261in. ft. Phase III shall consist of the following roadways to be partially reconstructed: · Oak Ridge Road from Croixwood Boulevard easterly for approximately 2,084 lin. ft. · Darrel Court from Oak Ridge Road north to the end of the cul-de-sac, approximately 635 lin. ft. · Fairmeadows Road from Darrel Court east, approximately 1,405 lin. ft. · Laurie Lane from Ridge Road to Fairmeadows Road, approximately 350 lin. ft. · Laurie Court from Fairmeadows Road north to the end of the cul-de-sac, approximately 400 lin. ft. · Hanson Place from Oak Ridge Road north to Fairmeadows Road, approximately 455 lin. ft. · Dundee Place from Fairmeadows Road south, approximately 500 lin. ft. · Crestwood Terrace from Fairmeadows Road north to Interlachen Drive, approximately 600 lin. ft. · Maryknoll Drive from Oak Ridge Road north to Interlachen Drive, approximately 1,187lin. ft. . Total Approximate Length of Phase III: 7,616lin. ft. Total Approximate Length, All Phases: 19,552lin. ft. !e Partial reconstruction indicates that the majority of the street is deteriorated and needs to be replaced. The curb and gutter, for the most part, is in good condition and can be saved. The segments of curb and gutter that have settled will be replaced or mud jacked as a part of the e City of Stillwater February 23, 1996 Page 4 reconstruction. The subgrade will be inspected to determine the reason for the street failure as reconstruction occurs. A one-foot granular subgrade is included with subgrade drains as noted on the plans. Drawing Nos. 1, 2 and 3 show the proposed improvements. Drawing No. 8 shows the typical sections. Estimated Costs The estimated costs for the 1996 street construction, by segment for each phase and street and type of construction, follows with the engineer's estimate. The total cost is estimated at $ ~ ...5'/6--; &,;) g: These costs include 5% for construction contingencies and 30% for engineering, administrative, legal and capitalized interest costs. Enclosed is a detailed cost estimate. Cost Recovery The project costs for the construction of these improvements is to be recovered through special assessments according to the City's assessment policy. The assessments are proposed to be levied on.a unit basis. The estimated assessment rate is $2,603.00 per lot, based upon 323 lots. Cost recovery is proposed as follows: Special Assessment City Participation TOTAL ESTIMATED PROJECT COST $ 840,784 $ 674,844 $1,515,628 Proposed Schedule The project will require a public hearing. We have estimated the following schedule for 1996 construction: Council Accepts Report and Orders Public Hearing February 27, 1996 Public Hearing and Authorize Preparation of Plans and Specifications March 19, 1996 Approve Plans and Specifications and Authorize Advertisement for Bids April 16, 1996 Advertise for Bids April 1996 May 21, 1996 e Receive Bids e . City of Stillwater February 23/ 1996 Page 5 Council Awards Contract May 21/ 1996 Begin Construction June 17/ 1996 Complete Construction October 14/ 1996 Conclusions and Recommendations The improvements outlined in this report are feasible. We recommend the City review the cost recovery proposed and consult with bond counsel as necessary. We would be pleased to review this report with you and answer any questions you may have. Sincerely, Short Elliott Hendrickson Inc. David C. Hahn, P.E. Project Manager cbp I hereby certify that this report was prepared by me or under my direct supervision ,n9-, that I ~/~ duly Registered Professional Engineer unde; e ~J 0 e)S'!ffe' of Minnesota. ,/ // /( / //1/ I , I / I ,/ ( , ' I Date: .;J-~3-?;~ Reg. No.: 24245 ReviewedBy: ~&l91t~ Date: 2/~>/9~ .. , . . It J - .<:~~..~ 'I ,.. ~-~"J"l:lJ'~.. ~.\:l.:b.>.. G: ~ ~ ~)~~~ '''''~, ... ~ :- 1/...... ~, >.T r~ t-=. l .. -'V':"..,~. ..~ '/~ . .H III" r:' ~ '<::f;J,{.;. ~ / INOJ .. ~ ': ': : ~J:1I~~I.~ 1/1 ...~ ~-: ~ t.... ..~iE V""J~ 1:%.7j~_.ti-~~E: - /J: : II...... d~ AlA" +1.1" ~ L .. . \ ~...~ .... I - ...). .. 'l. . ~ \\~ .. . - ~ .. ~ . ---:- ~ 9: ..~. :: ~.... - l-fi1 -_~_ .. - .. L.. ,,~.... .... I 1..1 ~.. ~ Z ~I., .... ,-..:J.~ .. - . ~." ~ I ~ Ij~ ~ ~:ct4. IU\DH' -\- ./ J:. "I.. ..~.. ..,.... 7 :1.: ;t.4 ~..".... ..1.1..1.1.. ~ -=- ,~~l:..1; .\.I.....j.l.....'W -=. .aJ~I..,&I~ .. 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LEGEND ---------- DRAIN TILE · PROPOSED 1'L STORM SEWER e PHASE 1 III )) EXISTING STORM SEWER SeH 1996 STREET IMPROVEMENTS STILLWATER, MINNESOTA FILE NO. STILL9608 DWG.NO. 5 , . N ...!. ..:. ..:.. .!.. ..!. .!.. .!!.. i . .!.. . .!.. NO SCALE .- e -. --- - , , , , . , - '1\ ..:. .!!.. Q i LEGEND PHASE 2 . 'e tI ,.,. DRAIN TILE PROPOSED 1'L STORM SEWER EXISTING STORM SEWER FILE NO. STILL9608 DWG.NO. 6 :sE'H 1996 STREET IMPROVEMENTS STillWATER, MINNESOTA , . e ---..J I N NO SCALE e PHASE 3 LEGEND --------- DRAIN TILE ~se. 1996 STREET IMPROVEMENTS STILLWATER, MINNESOTA FILE NO. STILL9608 DWG.NO. 7 VARIES 29 -32 <t VARIES 14.5'-16' VARIES 14.5'-16' PROTECT EXISTING CURB e r EXISTING 0418 /_ ..03' /FT. .03' /FT... '- FINE FILTER AGG. SPEC. 3149.2J 4- PERF. P.E. PIPE DRAIN W/SOCK (EA. SIDE) WHERE REQUIRED 1-1/2- 2331 TYPE 41A WEAR COURSE 2357 TACK COAT 1 1/28 2331 TYPE 31 BASE COURSE 88 SALVAGE MIXTURE 1/2 TO 1 TYPICAL RESIDENTIAL STREET SECTION HILLSIDE LN.. EDGEWOOD AVE., INTERLACHEN CT., INTERLACHEN DR., BAYBERRY AVE., MARYKNOLL DR.. DARREL CT., LAURIE CT.. LAUREL LN.. CRESTWOOD TERR., DUNDEE PL. OAK RIDGE RD., COTTONWOOD CT., TAMARACK CT., W1LDCREST LN.. FAIRMEADOWS RD., HANSON PL COLD RECYCLE REHABILITATION VARIES 14.5'-16' VARIES 29'-32' <t VARIES 14.5'-16' PROTECT EXISTING CURB EXISTING 0418 ....03. /FT. .03' /FT... 1/2 TO 1 1-1/2' SELECT GRANULAR BORROW 4- PERF. P.E. PIPE DRAIN W/SOCK (EA. SIDE) WHERE REQUIRED 1-1/28 2331 TYPE 41A WEAR COURSE 2357 TACK COAT 1 1/28 2331 TYPE 31 BASE COURSE 88 SALVAGE MIXTURE TYPICAL RESIDENTIAL STREET SECTION NIGHTENGALE BLVD., FAIRLAWN DR., EDGEWOOD CT.. MARYKNOLL DR. (FROM INTERLACHEN DR. TO OAK RIDGE RD.) PARTIAL RECONSTRUCTION <t 12.0' 12.0' -4.03' /FT. .03' /FT.. 88 AGG. BASE TYPICAL 2.0' :--l (TYP.) I r INPLACE 68 AGG. BASE t 2- 2331 TYPE 41A WEAR COURSE 2357 TACK COAT e TYPICAL STREET SECTION SCHOOL STREET _eM 1996 STREET IMPROVEMENTS STILLWA TER, MINNESOTA FILE NO. STILL9608 DWG.NO. 8 e e ENGINEER'S ESTIMATE STILLWATER, MINNESOTA 1996 STREET CONSTRUCTION SEH FILE NO: ASTILL9608 L.I.320 TOTAL PROJECT PHASE 1 PHASE 2 PHASE 3 ITEM UNIT EST. TOTAL NO. ITEM DESCRIPTION UNIT PRICE QUANT. COST QUANT. TOTAL QUANT. TOTAL QUANT. TOTAL 1 SUBGRADE EXCAVATIONlP) CUYD 6.00 12730 76,380.00 3796 22,n6.00 5385 32,310.00 3549 21,294.00 2 SELECT GRANULAR BORROW lL V) CUYD 6.00 17805 106,830.00 5300 31,800.00 7538 45,228.00 4967 29,802.00 3 AGGREGATE BASE PREPARATION SQYD 2.00 390 780.00 390 780.00 4 MILL BITUMINOUS SURFACE SQYD 4.00 200 800.00 38 152.00 99 396.00 63 252.00 5 S.Y. COLD BASE MILLING & PLACING SQYD 3.55 62114 220,504.70 11821 41,964.55 30518 108,338.90 19n5 70,201.25 6 CLASS 5 AGGREGATE BASE TON 6.00 16017 96,102.00 3057 18,342.00 7920 47,520.00 5040 30,240.00 7 TYPE 41A WEAR COURSE MIXTURE TON 25.00 5688 142,200.00 1122 28,050.00 2791 69,n5.00 1n5 44,375.00 8 TYPE 31 BASE COURSE MIXTURE TON 23.00 5636 129,628.00 1070 24,610.00 2791 64,193.00 1n5 40,825.00 9 BITUMINOUS MATERIAL FOR TACK COAT GALLON 1.50 3106 4,659.00 591 886.50 1526 2,289.00 989 1,483.50 10 CONSTRUCT DRAINAGE STRUCTURE, DESIGN X L.F. 200.00 32 6,400.00 12 2,400.00 20 4,000.00 11 CONSTRUCT DRAINAGE STRUCTURE, DESIGN Y L.F. 220.00 56 12,320.00 24 5,280.00 32 7,040.00 12 CONSTRUCT DRAINAGE STRUCTURE, DESIGN B L.F. 220.00 12 2,640.00 8 1,760.00 4 880.00 13 12' RCP. PIPE SEWER, DES. 3006,CL.5 L.F. 34.00 4396 149,464.00 1968 66,912.00 2428 82,552.00 14 ADJUST FRAME & RING CASTING EACH 175.00 46 8,050.00 15 2,625.00 16 2,800.00 15 2,625.00 15 ADJUST GATE VALVE BOX EACH 165.00 62 10,230.00 9 1,485.00 35 5,n5.00 18 2,970.00 16 REMOVE & REPLACE C & G D418 L.F. 13.00 3900 50,700.00 400 5,200.00 1986 25,818.00 1514 19,682.00 17 MANHOLE SUBGRADE REPAIR EACH 500.00 23 11,500.00 7 3,500.00 9 4,500.00 7 3,500.00 18 4' PERF. P.E. PIPE DRAIN L.F. 6.00 4100 24,600.00 1200 7,200.00 1100 6,600.00 1800 10,800.00 19 MUDJACK CONCRETE CURB & GUlTER L1N FT 10.00 5950 59,500.00 1132 11,320.00 2924 29,240.00 1894 18,940.00 20 SODDING TYPE LAWN SQYD 4.00 2350 9400.00 340 1 360.00 1168 4 672.00 842 3 368.00 SUBTOTAL $1,122,687.70 $278,403.05 $543,926.90 $300.357.75 35% CONTIN., ENG., ADMIN. & LEGAL 392,940.70 97,441.07 190,374.42 105,125.21 ------------- ------------- ------------- ------------- ------------- ------------. ------------- ------------- ESTIMATED PROJECT $1,515,628.40 $375,844.12 $734,301.32 $405,482.96 PAGE NO.1 e e ENGINEER'S ESTIMATE STILLWATER, MINNESOTA 1996 STREET CONSTRUCTION SEH FILE NO: ASTILL9608 L.1. 320 TOTAL PROJECT NIGHTENGALE BLVD. WILDCREST LN. HILLSIDE LN. ITEM UNIT EST. TOTAL NO. ITEM DESCRIPTION UNIT PRICE QUANT. COST QUANT. TOTAL QUANT. TOTAL QUANT. TOTAL 1 SUBGRADE EXCAVATION(P) CUYD 6.00 12730 76,380.00 3324 19,944.00 228 1,368.00 233 1,398.00 2 SELECT GRANULAR BORROW (LV) CUYD 6.00 17805 106,830.00 4654 27,924.00 320 1,920.00 326 1,956.00 3 AGGREGATE BASE PRREPARATION SQYD 2.00 390 780.00 4 MILL BITUMINOUS SURFACE SQYD 4.00 200 800.00 20 80.00 9 36.00 9 36.00 5 S.Y. COLD BASE MILLING & PLACING SQYD 3.55 62114 220,504.70 6076 21,569.80 2849 10,113.95 2896 10,280.80 6 CLASS 5 AGGREGATE BASE TON 6.00 16017 96,102.00 1562 9,372.00 733 4,398.00 745 4,470.00 7 TYPE 41A WEAR COURSE MIXTURE TON 25.00 5688 142,200.00 550 13,750.00 258 6,450.00 262 6,550.00 8 TYPE 31 BASE COURSE MIXTURE TON 23.00 5636 129,628.00 550 12,650.00 258 5,934.00 262 6,026.00 9 BITUMINOUS MATERIAL FOR TACK COAT GALLON 1.50 3106 4,659.00 304 456.00 142 213.00 145 217.50 10 CONSTRUCT DRAINAGE STRUCTURE, DESIGN X L.F. 200.00 32 6,400.00 4 800.00 8 1,600.00 11 CONSTRUCT DRAINAGE STRUCTURE, DESIGN Y L.F. 220.00 56 12,320.00 8 1,760.00 16 3,520.00 12 CONSTRUCT DRAINAGE STRUCTURE, DESIGN B L.F. 220.00 12 2,640.00 4 880.00 4 880.00 13 12' RCP PIPE SEWER, DES. 3006,CL. 5 L.F. 34.00 4396 149,464.00 1068 36,312.00 900 30,600.00 14 ADJUST FRAME & RING CASTING EACH 175.00 46 8,050.00 8 1,400.00 3 525.00 4 700.00 15 ADJUST GATE VALVE BOX EACH 165.00 62 10,230.00 5 825.00 2 330.00 2 330.00 16 REMOVE & REPLACE C & G 0418 L.F. 13.00 3900 50,700.00 206 2,678.00 96 1,248.00 98 1,274.00 17 MANHOLE SUBGRADE REPAIR EACH 500.00 23 11,500.00 3 1,500.00 2 1,000.00 2 1,000.00 18 4' PERF. P.E. PIPE DRAIN L.F. 6.00 4100 24,600.00 800 4,800.00 400 2,400.00 19 MUDJACK CONCRETE CURB & GUTTER L1N FT 10.00 5950 59,500.00 582 5,820.00 273 2,730.00 277 2,770.00 20 SODDING TYPE LAWN SQYD 4.00 2350 9.400.00 154 616.00 72 288.00 74 296.00 SUBTOTAL $1,122,687.70 $163,136.80 $38,953.95 $73,904.30 35% CONTIN., ENG., ADMIN. & LEGAL 392,940.70 57,097.88 13,633.88 25,866.51 ------------- -----------_. ------------- ------------- ------------- ------------- ------------- ------------- ESTIMATED PROJECT $1,515,628.40 $220,234.68 $52,587.83 $99,770.81 PAGE NO.1 e e ENGINEER'S ESTIMATE STILLWATER, MINNESOTA 1996 STREET CONSTRUCTION SEH FILE NO: ASTILL9608 L.I. 320 SCHOOL ST. EDGEWOOD AVE. INTERLACHEN DR. BAYBERRY AVE. ITEM UNIT NO. ITEM DESCRIPTION UNIT PRICE QUANT. TOTAL QUANT. TOTAL QUANT. TOTAL QUANT. TOTAL 1 SUBGRADE EXCAVATION(P) CUYD 6.00 11 66.00 400 2,400.00 440 2,640.00 265 1,590.00 2 SELECT GRANULAR BORROW (LV) CUYD 6.00 560 3,360.00 616 3,696.00 371 2,226.00 3 AGGREGATE BASE PRREPARATION SQYD 2.00 390 780.00 4 MILL BITUMINOUS SURFACE SQYD 4.00 16 64.00 17 68.00 11 44.00 5 S.Y. COLD BASE MILLING & PLACING SQYD 3.55 4907 17,419.85 5394 19,148.70 3250 11,537.50 6 CLASS 5 AGGREGATE BASE TON 6.00 17 102.00 1280 7,680.00 1407 8,442.00 848 5,088.00 7 TYPE 41A WEAR COURSE MIXTURE TON 25.00 52 1,300.00 451 11,275.00 496 12,400.00 299 7,475.00 8 TYPE 31 BASE COURSE MIXTURE TON 23.00 451 10,373.00 496 11,408.00 299 6,877.00 9 BITUMINOUS MATERIAL FOR TACK COAT GALLON 1.50 245 367.50 270 405.00 163 244.50 10 CONSTRUCT DRAINAGE STRUCTURE, DESIGN X L.F. 200.00 8 1,600.00 11 CONSTRUCT DRAINAGE STRUCTURE, DESIGN Y L.F. 220.00 8 1,760.00 8 1,760.00 12 CONSTRUCT DRAINAGE STRUCTURE, DESIGN B L.F. 220.00 13 12' RCP PIPE SEWER, DES. 3OQ6,CL. 5 L.F. 34.00 850 28,900.00 350 11,900.00 14 ADJUST FRAME & RING CASTING EACH 175.00 2 350.00 6 1,050.00 1 175.00 15 ADJUST GATE VALVE BOX EACH 165.00 6 990.00 6 990.00 4 660.00 - 16 REMOVE & REPLACE C & G 0418 L.F. 13.00 302 3,926.00 332 4,316.00 200 2,600.00 17 MANHOLE SUBGRADE REPAIR EACH 500.00 1 500.00 2 1,000.00 1 500.00 18 4' PERF. P.E. PIPE DRAIN L.F. 6.00 400 2,400.00 300 1,800.00 19 MUDJACK CONCRETE CURB & GUTTER L1N FT 10.00 470 4,700.00 517 5,170.00 311 3,110.00 20 SODDING TYPE LAWN SQYD 4.00 40 160.00 181 724.00 200 800.00 120 480.00 SUBTOTAL $2,408.00 $96,389.35 $87,593.70 $44,407.00 35% CONTIN., ENG., ADMIN. & LEGAL 842.80 33,736.27 30,657.80 15,542.45 ------------.. ------------- ------------- ------------.. ------------- ------------.. ------------.. ------------.. ESTIMATED PROJECT $3,250.80 $130,125.62 $118,251.50 $59,949.45 PAGE NO.2 e e ENGINEER'S ESTIMATE STILLWATER, MINNESOTA 1996 STREET CONSTRUCTION SEH FILE NO: ASTILL9608 L.I.320 MARYKNOLL DR. FAIRLAWN DR. EDGEWOOD CT. TAMARACK CT. ITEM UNIT NO. ITEM DESCRIPTION UNIT PRICE QUANT. TOTAL QUANT. TOTAL QUANT. TOTAL QUANT. TOTAL 1 SUBGRADE EXCAVATION(P) CUYD 6.00 2036 12,216.00 1523 9,138.00 443 2,658.00 140 840.00 2 SELECT GRANULAR BORROW (LV) CUYD 6.00 2850 17,100.00 2132 12,792.00 620 3,720.00 197 1,182.00 3 AGGREGATE BASE PRREPARATION SQYD 2.00 4 MILL BITUMINOUS SURFACE SQYD 4.00 13 52.00 10 40.00 6 24.00 6 24.00 5 S.Y. COLD BASE MILLING & PLACING SQYD 3.55 4062 14,420.10 3022 10,728.10 1756 6,233.80 1722 6,113.10 6 CLASS 5 AGGREGATE BASE TON 6.00 1060 6,360.00 789 4,734.00 458 2,748.00 450 2,700.00 7 TYPE 41A WEAR COURSE MIXTURE TON 25.00 373 9,325.00 278 6,950.00 161 4,025.00 158 3,950.00 8 TYPE 31 BASE COURSE MIXTURE TON 23.00 373 8,579.00 278 6,394.00 161 3,703.00 158 3,634.00 9 BITUMINOUS MATERIAL FOR TACK COAT GALLON 1.50 203 304.50 151 226.50 88 132.00 86 129.00 10 CONSTRUCT DRAINAGE STRUCTURE, DESIGN X L.F. 200.00 4 800.00 4 800.00 11 CONSTRUCT DRAINAGE STRUCTURE, DESIGN Y L.F. 220.00 8 1,760.00 4 880.00 12 CONSTRUCT DRAINAGE STRUCTURE, DESIGN B L.F. 220.00 4 880.00 13 12' RCP PIPE SEWER, DES. 3006,CL. 5 L.F. 34.00 1050 35,700.00 89 3,026.00 14 ADJUST FRAME & RING CASTING EACH 175.00 3 525.00 15 ADJUST GATE VALVE BOX EACH 165.00 5 825.00 4 660.00 2 330.00 2 330.00 16 REMOVE & REPLACE C & G 0418 L.F. 13.00 250 3,250.00 186 2,418.00 108 1,404.00 106 1,378.00 17 MANHOLE SUBGRADE REPAIR EACH 500.00 1 500.00 1 500.00 1 500.00 18 4' PERF. P.E. PIPE DRAIN L.F. 6.00 400 2,400.00 19 MUDJACK CONCRETE CURB & GUTTER L1N FT 10.00 389 3,890.00 290 2,900.00 168 1,680.00 165 1,650.00 20 SODDING TYPE LAWN SQYD 4.00 150 600.00 111 444.00 65 260.00 63 252.00 SUBTOTAL $119,486.60 $57,924.60 $27,417.80 $26,888.10 35% CONTIN., ENG., ADMIN. & LEGAL 41,820.31 20,273.61 9,596.23 9,410.84 ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- ESTIMATED PROJECT $161,306.91 $78,198.21 $37,014.03 $36,298.94 PAGE NO.3 e e ENGINEER'S ESTIMATE STILLWATER, MINNESOTA 1996 STREET CONSTRUCTION SEH FILE NO: ASTILL9608 L.I.320 COTTONWOOD CT. INTERLACHEN CT. FAIRMEADOWS DR. MARYKNOLL DR. ITEM UNIT NO. ITEM DESCRIPTION UNIT PRICE QUANT. TOTAL QUANT. TOTAL QUANT. TOTAL QUANT. TOTAL 1 SUBGRADE EXCAVATION(P) CUYD 6.00 61 366.00 n 462.00 372 2,232.00 1933 11,598.00 2 SELECT GRANULAR BORROW (LV) CUYD 6.00 85 510.00 107 642.00 520 3,120.00 2706 16,236.00 3 AGGREGATE BASE PRREPARATION SQYD 2.00 4 MILL BITUMINOUS SURFACE SQYD 4.00 2 8.00 3 12.00 15 60.00 13 52.00 5 S.Y. COLD BASE MILLING & PLACING SQYD 3.55 746 2,648.30 943 3,347.65 4716 16,741.80 4062 14,420.10 6 CLASS 5 AGGREGATE BASE TON 6.00 195 1,170.00 246 1,476.00 1187 7,122.00 1060 6,360.00 7 TYPE 41A WEAR COURSE MIXTURE TON 25.00 69 1,725.00 87 2,175.00 419 10,475.00 374 9,350.00 8 TYPE 31 BASE COURSE MIXTURE TON 23.00 69 1,587.00 87 2,001.00 419 9,637.00 374 8,602.00 9 BITUMINOUS MATERIAL FOR TACK COAT GALLON 1.50 37 55.50 47 70.50 236 354.00 203 304.50 10 CONSTRUCT DRAINAGE STRUCTURE, DESIGN X L.F. 200.00 4 800.00 11 CONSTRUCT DRAINAGE STRUCTURE, DESIGN Y L.F. 220.00 4 880.00 12 CONSTRUCT DRAINAGE STRUCTURE, DESIGN B L.F. 220.00 13 12" RCP PIPE SEWER, DES. 3006,CL. 5 L.F. 34.00 89 3,026.00 14 ADJUST FRAME & RING CASTING EACH 175.00 4 700.00 3 525.00 15 ADJUST GATE VALVE BOX EACH 165.00 1 165.00 1 165.00 4 660.00 4 660.00 16 REMOVE & REPLACE C & G 0418 L.F. 13.00 46 598.00 58 754.00 398 5,174.00 250 3,250.00 17 MANHOLE SUBGRADE REPAIR EACH 500.00 2 1 ,000.00 1 500.00 18 4' PERF. P.E. PIPE DRAIN L.F. 6.00 400 2,400.00 800 4,800.00 19 MUDJACK CONCRETE CURB & GUTTER L1N FT 10.00 72 720.00 90 900.00 452 4,520.00 389 3,890.00 20 SODDING TYPE LAWN SQYD 4.00 28 112.00 35 140.00 215 860.00 150 600.00 SUBTOTAL ~ $14,370.80 $12,145.15 $65,055.80 $81,147.60 35% CONTIN., ENG., ADMIN. & LEGAL 5,029.78 4,250.80 22,769.53 28,401.66 ------------- ------------- ------------- ---------- ------------- ------------- ------------- ---------- ESTIMATED PROJECT $19,400.58 $16,395.95 $87,825.33 ************** PAGE NO.4 e e ENGINEER'S ESTIMATE STILLWATER, MINNESOTA 1996 STREET CONSTRUCTION SEH FILE NO: ASTILL9608 L.I.320 OAKRIDGE RD. HANSON PL. DUNDEE PL. LAUREL LN. ITEM UNIT NO. ITEM DESCRIPTION UNIT PRICE QUANT. TOTAL QUANT. TOTAL QUANT. TOTAL QUANT. TOTAL 1 SUBGRADE EXCAVATION(P) CUYD 6.00 467 2,802.00 120 720.00 133 798.00 92 552.00 2 SELECT GRANULAR BORROW (LV) CUYD 6.00 654 3,924.00 169 1,014.00 186 1,116.00 129 774.00 3 AGGREGATE BASE PRREPARATION SQYD 2.00 4 MILL BITUMINOUS SURFACE SQYD 4.00 19 76.00 5 20.00 5 20.00 4 16.00 5 S.Y. COLD BASE MILLING & PLACING SQYD 3.55 5835 20,714.25 1531 5,435.05 1691 6,003.05 1175 4,171.25 6 CLASS 5 AGGREGATE BASE TON 6.00 1493 8,958.00 385 2,310.00 426 2,556.00 296 1,776.00 7 TYPE 41A WEAR COURSE MIXTURE TON 25.00 526 13,150.00 136 3,400.00 150 3,750.00 104 2,600.00 8 TYPE 31 BASE COURSE MIXTURE TON 23.00 526 12,098.00 136 3,128.00 150 3,450.00 104 2,392.00 9 BITUMINOUS MATERIAL FOR TACK COAT GALLON 1.50 292 438.00 77 115.50 85 127.50 58 87.00 10 CONSTRUCT DRAINAGE STRUCTURE, DESIGN X L.F. 200.00 11 CONSTRUCT DRAINAGE STRUCTURE, DESIGN Y L.F. 220.00 12 CONSTRUCT DRAINAGE STRUCTURE, DESIGN B L.F. 220.00 13 12' RCP PIPE SEWER, DES. 3006,CL. 5 L.F. 34.00 14 ADJUST FRAME & RING CASTING EACH 175.00 3 525.00 15 ADJUST GATE VALVE BOX EACH 165.00 6 990.00 1 165.00 1 165.00 1 165.00 _16 REMOVE & REPLACE C & G 0418 L.F. 13.00 431 5,603.00 128 1,664.00 143 1,859.00 100 1,300.00 17 MANHOLE SUBGRADE REPAIR EACH 500.00 2 1,000.00 1 500.00 1 500.00 18 4' PERF. P.E. PIPE DRAIN L.F. 6.00 19 MUDJACK CONCRETE CURB & GUTTER L1N FT 10.00 559 5,590.00 147 1,470.00 162 1,620.00 112 1,120.00 20 SODDING TYPE LAWN SQYD 4.00 243 972.00 70 280.00 76 304.00 53 212.00 SUBTOTAL $76,840.25 $20,221.55 $22,268.55 $15,165.25 35% CONTIN., ENG., ADMIN. & LEGAL 26,894.09 7,077.54 7,793.99 5,307.84 ---------- ---------- ---------- ---------- ---------- ---------- ---------. ---------- ESTIMATED PROJECT ************** $27,299.09 $30,062.54 $20,473.09 PAGE NO.5 e e ENGINEER'S ESTIMATE STILLWATER, MINNESOTA 1996 STREET CONSTRUCTION SEH FILE NO: ASTILL9608 L.1.320 CRESTWOOD TEA. LAURIE CT. DARREL CT. ITEM UNIT NO. ITEM DESCRIPTION UNIT PRICE QUANT. TOTAl QUANT. TOTAL QUANT. TOTAL 1 SUBGRADE EXCAVATION(P) CUYD 6.00 158 948.00 105 630.00 169 1,014.00 2 SELECT GRANULAR BORROW (LV) CUYD 6.00 221 1,326.00 147 882.00 235 1,410.00 3 AGGREGATE BASE PRREPARATION SQYD 2.00 4 MILL BITUMINOUS SURFACE SQYD 4.00 6 24.00 4 16.00 7 28.00 5 S.Y. COLD BASE MILLING & PLACING SQYD 3.55 2011 7,139.05 1335 4,739.25 2135 7,579.25 6 CLASS 5 AGGREGATE BASE TON 6.00 506 3,036.00 336 2,016.00 538 3,228.00 7 TYPE 41A WEAR COURSE MIXTURE TON 25.00 178 4,450.00 118 2,950.00 189 4,725.00 8 TYPE 31 BASE COURSE MIXTURE TON 23.00 178 4,094.00 118 2,714.00 189 4,347.00 9 BITUMINOUS MATERIAL FOR TACK COAT GALLON 1.50 100 150.00 67 100.50 107 160.50 10 CONSTRUCT DRAINAGE STRUCTURE, DESIGN X L.F. 200.00 11 CONSTRUCT DRAINAGE STRUCTURE, DESIGN Y L.F. 220.00 12 CONSTRUCT DRAINAGE STRUCTURE, DESIGN B L.F. 220.00 13 12" RCP PIPE SEWER, DES. 3006,CL. 5 L.F. 34.00 14 ADJUST FRAME & RING CASTING EACH 175.00 3 525.00 6 1 ,050.00 15 ADJUST GATE VAlVE BOX EACH 165.00 2 330.00 1 165.00 2 330.00 16 REMOVE & REPLACE C & G D418 L.F. 13.00 170 2,210.00 112 1,456.00 180 2,340.00 17 MANHOLE SUBGRADE REPAIR EACH 500.00 1 500.00 1 500.00 18 4' PERF. P.E. PIPE DRAIN L.F. 6.00 400 2,400.00 200 1,200.00 19 MUDJACK CONCRETE CURB & GUTTER UN FT 10.00 193 1,930.00 127 1,270.00 205 2,050.00 20 SODDING TYPE LAWN SQYD 4.00 92 368.00 61 244.00 97 388.00 SUBTOTAl $26,505.05 $20,607.75 $29,849.75 35% CONTIN., ENG., ADMIN. & LEGAl 9,276.n 7,212.71 10,447.41 --------- ---------- --------- ---------- ---------- ---------- ESTIMATED PROJECT $35,781.82 $27,820.46 $40,297.16 PAGE NO.6 FEB 22 '96 04:33AM . LMC L-9"" ul Mi"MlOta Citi", c.;'t'till' ,,",muD.., "J<<!111k,," P.l FRIDAyFAX A weekly legislative updatefrom the League of Minnesota Cities Vol. 1. No. 5 February 21, 1996 ~ SPECIAL WEDNESDAY EDITION Another day, another reform proposal Senator Doug Johnson un- veiled his property tax reform proposal to a group of city and county representatives on Wednesday morning. Johnson's proposal is another in a long list of major reform proposals being considered by the 1996 legislay ture. His proposal can be divided into five broad categories of changes to the property tax system: . Changes in classification and compression of class rates; . Changes in local government aid and HACA; -Increases in income-adjusted property tax relief programs; . Expansion of the sales tax base; - Increases in state funding for schools. Although we don't have full details of the Johnson proposal 'or a draft of the bill, we do have some information about its con- tents. The class rate reductions will provide substantial property tax relief to apartments and commercial and industrial propy erty owners, while shifting tax burdens to all other classes of property. The highest commercial and industrial class rate would be reduced from the current 4.6 percent to 4.0 percent over a _ three-year period. The apartment class rates would be reduced from the current 3.4 percent down to 3,0 percent, while singleyfamily non-homesteaded properties (rented houses) become a new classification with a phased-down rate of 1,0 percent. Local govern~ ments would not be compensated for the lost. tax base through additional HACA. The proposal would eliminate HACA for cities, townships and special taxing districts and save the state $255 million per year. Counties and schools would continue to receive HACA and school aid would increase by $380 million. The, local government aid program would be modified to eliminate the "grandfather" and its funding increased by approxi- mately $44 million, We have few other details about LGA formula changes at this time, however there will certainly be winners and losers. The Johnson proposal would significantly enhance the funding for the homeowners circuit- breaker and the renters credit program, These two programs provide property tax relief for individuals with high property taxes relative to personal income. The changes would provide $130 million of additional funding for homeowners and $40 million for renters. The program would also raise the income caps for qualify- ing homeowners to $75,000 and for renters to $42,450. The proposal would expand the sales tax base by extending the sales tax to new clothing purchases and auto repair ser~ vices and residential sewer and water services. Adding the sales tax on sewer and water services would add another $35 million of taxes, primarily on city residents. We will further analyze the Johnson proposal and provide more information in the Cities Bulletin. In addition, we will discuss Johnson's plan and other property tax reform proposals at the Legislative Conference on February 29. If you have any reactions to the proposal, contact Gary Carlson at the League of Minnesota Cities at (612) 281- 1255 or (800) 925y 1122. Senator Johnson's property tax reform proposal is just one of the important city issues on the agenda for the 1996 League I.egislative Conference. The Conference is set for Thursday, February 29 at the Sheraton Midway In St. Paul. The program begins at 8:45 a.m. and concludes in late afternoon with a spe- cial dedication ceremony for the new league building. To register, call the League at (612) 281..1200 or (800) 925-1122. W ASIllNGTON COUNTY Dennie C. Hegberg Dletrict 1 COUNTY BOARD AGENDA Mary Haueer Dletrict 2 Wally Abrahamson Dletrict 3 FEBRUARY 27, 1996, 9:30 A.M. ***Please Note Change in Time*** Myra Petereon Dletrict 4 Dave Engetrom Dletrict S/Chalr 1. 9:30 ROLL CALL 2. CONSENT CALENDAR 3, 9:30 ACCOUNTING AND BUDGETING - J, DEVINE, CONTROLLER CERTIFICATE OF ACHIEVEMENT-EXCELLENCE IN FINANCIAL REPORTING 4. 9:35 GENERAL ADMINISTRATION - J. SCHUG, COUNTY ADMINISTRATOR LOWER ST. CROIX RIVER TASK FORCE APPOINTMENT 5. 9:45 DISCUSSION FROM THE AUDIENCE V1SlTORS MAY SHARE 71fElR CONCERNS wrm THE COUNTY BOARD OF COMMISSIONERS ON ANY TTEM NOT ON THE AGENDA. THE CHAIR IWLL DIRECT 7HE COUNTY ADMINIS1RATOR TO PREPARE HESPONSES TO YOUR CONCERNS. YOU ARE ENCOURAGED NOT TO BE REPETTI70US OF PREVIOUS SPLiKERS AND TO L1Mrr YOUR ADDRESS TO FIVE MINUTES. 6. COMMISSIONER REPORTS - COMMENTS - QUESTIONS T1lIS PERlOD OF TIME SHAlL BE USED BY THE COMMISSIONERS TO REPORT TO THE FUlL BOARD ON COMMrrIU: AC71V/llES, MAKE COMMENTS ON MATTERS OF INTEREST AND INFORMATION, OR IWSE QUESTIONS TO THE STAFF. T1lIS AenON IS NOT INTENDED TO RESULT IN SUBSTANTIVE BO.ARD AenON DlJRJNG T1lIS TIME. ANY AenON NECESSARY BEClUSE OF DISCUSSION IWLL BE SCHEDULED FOR A FUTURE BO.ARD MEE1ING. 7. BOARD CORRESPONDENCE 8. 9: 55 ADJOURN * * * *'* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * MEETING NOTICES Date Committee Time Location Feb. 27 eb. 27 eb, 28 County Board Interviews with Applicants for the Lower St, Croix River Task Force Personnel Committee Meeting Planning Advisory Commission Mosquito Control Board 8:30 a.m, Washington County Government Center Feb. 27 10:30 a,m, 7:00 p.m. 9:00 a.m, Washington County Government Center Washington County Government Center 2099 University Ave, W, - st. Paul ARi8tive listeninll devices e,. eveileble (or U!ItJ in rile County BOIIrd Room. /( you need essist8nce due to di!ItJbility or Ien(1U11Il' berrier, pltHI/!ItJ cell 430-6000 (TDO 439-3220/ EQUAL EMPLOYMENT OPPORTUNITY I AFFIRMATIVE ACTION EMPLOYER WASHINGTON COUNTY BOARD OF COMMISSIONERS CONSENT CALENDAR * FEBRUARY 27, 1996 ,4>' j. .. The following items are presented for Board approval/adoption: e DEPARTMENT/AGENCY ITEM ADMINISTRATION A, APPROVAL OF THE FEBRUARY 6 AND 13, 1996 BOARD MEETING MINUTES, B, APPROVAL OF RESOLUTION ON TRANSPORTATION FUNDING, C, APPROVAL TO APPOINT ARTHUR POTTS TO THE BOARD OF ADJUSTMENT AND APPEALS TO A FIRST TERM EXPIRING DECEMBER 31, 1998. D. APPROVAL TO ESTABLISH TERM LIMITS FOR THE FOLLOWING BOARDS AND COMMISSIONS: HOUSING AND REDEVELOPMENT AUTHORITY BOARD OF COMMISSIONERS; BOARD OF ADJUSTMENT AND APPEALS; EMERGENCY MEDICAL SERVICES COUNCIL; AND SENTENCE TO SERVICE ADVISORY BOARD. E. APPROVAL OF 1996 AGREEMENT WITH MINNESOTA COUNTIES INSURANCE TRUST FOR WORKERS COMPENSATION DEDUCTIBLE PRICING. AUDITOR-TREASURER F. APPROVAL OF RESOLUTION, REPURCHASE OF TAX FORFEITED LAND BY JANE VOLIN, OWNER, G, APPROVAL TO RENEW OFF SALE INTOXICATING LIQUOR LICENSE FOR SCANDIA OLDE TOWNE LIQUOR FOR APRIL 1, 1996 TO MARCH 31,. 1997. COMMUNITY SERVICES H. APPROVAL TO RENEW OFF SALE INTOXICATING LIQUOR LICENSE FOR POINT INC. FOR THE PERIOD APRIL 1, 1996 TO MARCH 31, 1997. I. APPROVAL TO AMEND CONTRACT WITH STIVLAND, INC. DBA HARBOR SHELTER AND COUNSELING CENTER. J. APPROVAL OF JOINT POWERS AGREEMENT WITH CHISAGO AND ANOKA COUNTIES FOR JOINT PURCHASE OF CRISIS RESPONSE SERVICES FOR RESIDENTS OF THE FOREST LAKE SCHOOL DISTRICT; AND APPROVAL OF PURCHASE OF SERVICE AGREEMENT WITH AMERICAN RED CROSS OF THE ST, PAUL AREA FOR THE PROVISION OF CRISIS RESPONSE SERVICES FOR RESIDENTS OF THE FOREST LAKE SCHOOL DISTRICT, COURT SERVICES K. APPROVAL OF INTENSIVE COMMUNITY SUPERVISION GRANT THROUGH THE MINNESOTA DEPARTMENT OF CORRECTIONS. PUBLIC WORKS L. APPROVAL TO ADVERTISE FOR ELECTRICAL MAINTENANCE SERVICES FOR WASHINGTON COUNTY FACILITIES. RECORDER M. INFORMATION ONLY - RECORDER FEES FOR THE MONTH OF JANUARY, 1996, N, APPROVAL OF THE PLAT OF MAYWooD SOUTH, MAY TOWNSHIP. SHERIFF 0, APPROVAL TO EXECUTE THE ANNUAL BOAT AND WATER SAFETY ENFORCEMENT AGREEMENT, e .Consent Calendar items are generally defmed as items of routine business, not requiring discussion, and approved in one vote. Commissioners may elect to pull a ConSCIII Calendar item(s) for discussion and/or separate action. 02/23/96 11:30 CITY OF OAK PARK HEIGHTS ~ 6124390456 NO. 255 [;]01 e AGENDA CITY OF OAK PARK HEIGHTS To... P05t~it" Fax Note 7671 Date MONDAY, February 26, 1996 -- 6:30 P.M. 6:30 AGENDA I. Call To OrQ~r II. Visitor Comments. Questions. or Conc~rns III. Dep~rtment Reports 1. Police 3. Parks 5, Administration 2, Utilities 4, Building 6. Cable 7. Water Management Organizations Enclosure 1 IV. COUiimt Agenda Enclosures 2, 2A, 2B, & 2C ,: 00 AGENDA V, Unfinished BY~~n~~$ 1. Park Survey Report Enclosures 3 2. Valley Branch Watershed - Proposed Rules & Regulations Enclosure 4 3. Update on Design Review Committee VI. New Busin~aa 1. City Attorney Memo - County Road Turnback Process Enclosure 5 2, Review of Recording Secretary Enclosure 6 3. City Administrator 1996 Contract Enclosure 7 4. Appointment to Cooperation Planning Committee VI!I. ~orrespondence 1. Met Council Environmental Services - 1995 Sewage Flow Assignment - 1996 Sewage Flow Estimate Enclosure 8 e 2, Met Council Letter - Housing Partnerships Encloeu~e 9 02/23/96 11:31 CITY OF OAK PARK HEIGHTS ~ 6124390456 Closed Meeting: The meeting will be closed for an update on union negotiations, and an update on pending litigation. Enclosure 10 NO. 255 [;102 e e e St. Croix Valley Commission Rich Cummings Cheryl Kohout Michael Polehna Dick Olsen Otto Bonestroo Press Release For release: February 29, 1995 For further infonnation contact: Dick Olsen: 439-5410 S1. Croix Valley Sports Facility Commission ChairInan Rich Cummings announced this week that the Commission's first choice for the site of the proposed $4.1 million sports complex is the location originally proposed on Curve Crest Boulevard, just east of Highway 5, near Market Place. The group's decision followed several weeks of discussions with local government and school district officials, exploring an .mative site at the high school. . The Commission said the Curve Crest Boulevard site was preferred for two reasons. First, the Stillwater site has room to accommodate both the sports arena and the multi-purpose fieldhouse - the high school site bas room only for the arena, Second, the Stillwater site offers the benefit of being adjacent to the National Guard Training and Community Center. "There is a contingency in regard to the selection of the Curve Crest Boulevard site," said Commission member Dick Olsen. "If the National Guard Annory doesn't receive fimding, or if the Sports Facility Commission falls short of its funding goals, we will reconsider the alternate site at the school" The Commission formed its recommendation after members met with officials of Oak Park Heights, City of Stillwater, Baytown Township, School Disttict #834, Minnesota National Guard, Washington County lIRA and the Hockey Association on February 7. . Olsen said, "Although participants at the meeting expressed preferences for both sites, a common objective that emerged from the meeting is to assure that the facility is troly accessible to the community at large." P.O. Box 903, Stillwater, MN 55082-0903 -- According to Commission member Otto Bonestroo, "The National Guard Community and Training Center is a vital part of the Sports Complex concept. The National Guard facility will complement the sports complex with a gymnasiwn, banquet facilities and a commercial kitchen, The combination of facilities is critical to community center concept." Commission member :Mike Polehna commented, "With the site recommendation made, we can now resume our fund raising efforts." e . .