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2007-07-02 CC PacketA�Ibcrtvillc SRK. TO,= u.rq..b ��, ur4. ALBERTVILLE CITY COUNCIL AGENDA JULY 2, 2007 7:00 PM 1. PLEDGE OF ALLEGIANCE 2. CALL TO ORDER — ROLL CALL — ADOPT AGENDA 3. MINUTES A. June 18, 2007 City Council minutes 4. CITIZEN FORUM — (10 Minute Limit) 5. CONSENT AGENDA A. Approve payment of claims check numbers 024417, 024447 to 02486 6. ACTION ON PULLED CONSENT ITEMS 7. PRESENTATION OF LACHMAN AVENUE NE IMPROVEMENT (Barthel Commercial 2nd Addition) A. Review Bolton & Menk, Inc. Assistant City Engineer's Letter B. Review Bolton & Menk, Inc. Assistant City Engineer's Cost Estimate C. Review Bolton & Menk, Inc. Assistant City Engineer's Cost Apportionment D. Approve Resolution No. 2007-xx entitled a Resolution Accepting the Feasibility Study for Lachman Avenue NE Improvements 8. PUBLIC HEARING FOR LACHMAN AVENUE NE IMPROVEMENTS A. Approve Resolution No. 2007-xx entitled a Resolution Ordering the Lachman Avenue NE Improvement B. Approve Resolution No. 2007-xx entitled a Resolution Accepting the Plans and Specifications for Lachman Avenue NE 9. ADOPT RESOLUTION NO.2007-xx ENTITLED A RESOLUTION FOR SALE OF BONDS 10. DEPARTMENT BUSINESS A. Public Works Department 1). Public Works and Parks Maintenance 2). Request for Council Action for Lift Station - Wastewater Treatment Plant City of Albertville City Council Agenda July 2, 2007 Page 2 of 3 B. Building Department C. Finance Department 1). Accounts Receivable Update 2). Project Status Update 3). Quarterly Update 4). Discuss setting Monday, July 30, 2007 at 6:00 p.m. as a Bond Issuance meeting - Paul Donna with Northland Securities will present (prior to the budget workshop) D. City Clerk 1). Liquor Compliance Check Violations 2). Approve "On -Sale" Wine Liquor License and "On -Sale 3.2%" Malt Beverage Liquor License for Senor Peppers E. Planning and Zoning F. Engineering 1). Engineering Project Status Update G. Legal 1). Approve Bill Waytus of Nagel Appraisal and Consulting Completing CSAH 19 South Improvement Appraisals to Support Assessment Rolls 2). Multi Border Road Agreement Between Albertville, Otsego and Wright County 3). Discussion on Setting Public Hearing Dates: a. Wednesday, August 22, 2007 at 6:00 p.m. to hold a Public Hearing Assessment for Lachman Avenue NE, 52"d Street NE (Barthel Industrial Park Addition), and Stormwater Ponding (Albert Villas) b. Monday, August 27, 2007 at 7:00 p.m. to hold a Public Hearing Assessment for CSAH 19 H. City Council I. Administration 1). Written Reportit 11. ADJOURNMENT City of Albertville City Council Agenda July 2, 2007 Page 3 of 3 AFFIDAVIT OF POSTING STATE OF MINNESOTA SS. COUNTY OF WRIGHT Tracey Nubbe, being first duly sworn, says that on the 291h day June 2007 Tracey posted the documents as shown on the reverse side a true copy of each thereof at 11:15 a.m. at the Albertville City Offices in the window, at the City of Albertville, County of Wright, State of Minnesota. Subscribed and sworn to before me thisAday of �� I , 2007. � 1 Notary Pubite • • BRIDGET MARIE MILLER NOTARY PUBLIC -MINNESOTA My Commission Expires Jan. 31, MOO r � A.1,1bertVille ALBERTVILLE CITY COUNCIL June 18, 2007 MINUTES Albertville City Hall 7:00 PM PRESENT: Mayor Ron Klecker, Council members Dan Wagner, John Vetsch, LeRoy Berning, and Tom Fay, City Planner Al Brixius, Assistant City Engineer Adam Nafstad, City Attorney Mike Couri, City Administrator Larry Kruse, Building Official Jon Sutherland, Fire Chief Tate Mills, and City Clerk Bridget Miller ABSENT: none OTHERS PRESENT: Dave Maroney with Community Partners, Brad Averill with Ebert Construction, T. Baxter Stevens with Fraser Steel, Howard Larson with Radiation Products, Al Keller with GCI or Shoppes at Towne Lakes, Linda Fisher with Albertville Marketplace or Phil Morris Addition, Phil Morris, Neil Weber with Albertville Marketplace Addition Mayor Klecker called the Albertville City Council meeting to order at 7:00 p.m. followed by the Pledge of Allegiance. ADOPT AGENDA MOTION BY Council member Berning, seconded by Council member Fay to approve the agenda as amended adding the following items: Add: 91.4. 571h Street Sidewalk update Remove: 9.1-1.2. Approve 5975 Main Avenue NE Building Lease Motion carried unanimously. MINUTES MOTION BY Council member Vetsch, seconded by Mayor Klecker to approve the Monday, June 4, 2007 regular City Council minutes as amended: MOTION BY Council member Berning, seconded by Council member Vetsch to approve the proposal from Bolton & Menk, Inc. (not Wright County as shown on the agenda) for the purpose of the work to evaluate alternatives to improve CSAH 19 from 671h Street NE to 70th Street NE. The work will include geometric layouts for roadway improvements, and cost estimates for each alternate. The goal of this work is to develop an ultimate long-term agreement concept plan for the CSAH 19 corridor between 67th Street NE and 701h Street NE, and on file in the office of the City Clerk. Motion carried unanimously. CITIZEN FORUM Mayor Klecker asked if there was anyone present that wanted to speak to the Council regarding an issue that was not on the agenda. Howard Larson from Radiation Products wanted to make sure that he had the ability to speak when the Council discussed the adoption of the 1306 Fire Sprinkler Code. Mayor Klecker acknowledged that Mr. Larson wanted to share his concerns with the adoption of the 1306 Fire Sprinkler Code option. Mayor Klecker wanted to take this opportunity to thank Council member LeRoy Berning in another successful Albertville Friendly City Days. Klecker appreciated the efforts, planning, carrying out of duties involved in coordinating the many events that take place during Friendly City Days. Mayor Klecker went on to thank City Clerk Bridget Miller for her efforts in planning the Albertville Friendly City Days softball challenge between Albertville and St. Michael. The time coordinating the players, practices and line up. Lastly, Mayor Klecker wanted to extend a thank you to Miss Albertville Tabitha Forness. From the couple events that Klecker attended, he felt that Albertville was well represented by Miss Forness. CONSENT AGENDA MOTION BY Council member Fay, seconded by Council member Vetsch to approve the consent agenda pulling check numbers 024379, 024385, and 024417. A. Approve payment of claims check numbers 024369 to 024441 B. Approve application from St. Alberts Catholic Church for 2 One -Day 3.2% Malt Beverage Liquor License Applications for the annual Church Festival to be held on Saturday, July 14 and Sunday, July 15 at the St. Alberts Parish Center C. Allow a portion of Lander Avenue NE street to be closed from 571h Street NE to 581h Street NE during the day of the St. Alberts Church Festival Motion carried unanimously. (remainder of this page left blank) L, ACTION ON PULLED CONSENT ITEMS Check No. 024379 and 024385 Fire Chief Mills reported the expense was for Fire Decals. City Administrator Kruse noted this was for the fence at Central Park. Council member Berning reported that Albertville Friendly City Days committee would be reimbursing the City for a portion of the repair. MOTION BY Council member Berning, seconded by Council member Fay to approve check number 024379 in the amount of $227.38 to Budget Sign Shop Inc. for Fire Department decals, and check number 02385 in the amount of $5,950.00 to Countryside Fence for Parks Department repairs to fences. Motion carried unanimously. Check No. 024417 City Administrator Kruse reported these were for hand sanitizers that were damaged in the portable biffs. MOTION BY Council member Berning, seconded by Council member Fay to hold check number 024417 in the amount of $655.51 to Red's Portable Toilets for Parks Department repair to hand sanitizers within the parks to the Monday, July 2, 2007 Council meeting, at which time additional information will be presented. Motion carried unanimously. KATHLEEN POATE WITH I-94 WEST CHAMBER OF COMMERCE — UPDATE ON I- 94 INTERCHANGE PROMOTION AND THE CHAMBER'S TRIP TO WASHINGTON Ms. Poate was not present to report on the outcome of the trip to Washington. PUBLIC HEARING NOTICE OF PUBLIC HEARING FOR PURPOSES OF CONDUCTING A PUBLIC HEARING RELATING TO A BUSINESS SUBSIDY AND THE PROPOSED ESTABLISHMENT OF ECONOMIC DEVELOPMENT TAX INCREMENT FINANCING ("TIF") DISTRICT NO.13 INCLUDING ADOPTION OF THE TAX INCREMENT FINANCING PLAN THEREFORE, AND MODIFICATIONS TO THE DEVELOPMENT PROGRAM AND BUDGET FOR MUNICIPAL DEVELOPMENT DISTRICT N0.1 Mayor Klecker opened the public hearing at 7:09 p.m. City Administrator Kruse turned it over to Dave Maroney with Kennedy and Graven to present the information for the Tax Increment Finance "TIF" District No. 13. 5 Mr. Maroney explained that Fraser Steel is looking for Council approval on TIF District No. 13 located within the Barthel Industrial Park Addition. Staff has researched to ensure that Fraser Steel meets the necessary requirements to qualify for Tax Increment Financing. In 2006, Fraser Steel presented a proposal for expansion of their site and building plan, for which City Council approved the consideration for expansion and redevelopment of TIF District No. 13. Maroney reported that Fraser Steel and staff have put together the Contract for Private Redevelopment with Fraser Building Limited Partnership, which is included in the Council packet for review and Council approval tonight. As you will note, included within the plan is the regular public improvements along with various other minor improvements necessary for the construction. Maroney went on to comment that the City will make the necessary public improvements such as the road and re -platting to assist with the Tax Increment Financing of the project. Maroney noted that the City will deliver Reimbursement Installments subject to receipt and approval of certificates evidencing Public Development Costs up to a maximum aggregate principal amount of $315,000 or $35,000 per year. The amount to be administered will vary on a year-to-year basis for a maximum of nine (9) years. Mayor Klecker asked if the applicant had any comments or concerns pertaining to the TIF. Baxter Stevenson, representing Fraser Steel, approached the Council and thanked the Council for considering the TIF District. Fraser Steel is at full capacity and is asking the Council to approve the TIF District No. 13 to allow a 24,000 square -foot addition to the existing building. City Attorney Couri summarized the contract stating this is an agreement that Fraser Steel has agreed to perform or abide by the terms in accordance with the TIF guidelines that are set in the Minnesota State Statutes. As part of the guidelines, Fraser Steel has acknowledged the section of the contract pertaining to Job and Wage Goals. Fraser Steel understands that within two (2) years after the Benefit Date, the Developer shall create at least 8 new full-time equivalent jobs with a wage of at least $15.00 per hour, exclusive of benefits. City Attorney Couri briefly noted Article V — Insurance portion of the Contract along with Article VI — Delinquent Taxes and Review of Taxes, Section 6.3 that deals with Assessment Agreement and Article IX — Events of Default dealing with what will take place should the Developer default on the Contract. Council questioned how we, the City, verify that Fraser Steel is complying with the agreement. City Attorney Couri and Mr. Maroney stated that it will be Fraser Steel's requirement to complete the necessary reports and statements. The completed reports and or statements will be sent to the City and the State of Minnesota for review. It is the reports and or statements that will determine whether Fraser Steel is meeting the necessary requirements qualifying them for the continued Tax Increment Financing. Council member Vetsch brought to staff s attention that the dollar amount is left blank. Vetsch wanted to make sure that in the future staff has all the dollar amounts included in the documents, as the Council is unaware of the amount that may be filled in following Council approval. City Attorney Couri reported that amount is estimated at $2.35 per acre plus. Couri went on to explain that the amounts are unknown until the last minute. Maroney added that the amount should be $157,000, which has been included in the Tax Increment Finance plan. Mayor Klecker closed the public hearing at 7:17 p.m. Approve Resolution No. 2007-xx entitled a Resolution Approving Contract for Private Redevelopment with Fraser Building Limited Partnership MOTION BY Council member Berning, seconded by Council member Fay to approve Resolution No. 2007-xx entitled a Resolution Approving Contract for Private Redevelopment with Fraser Building Limited Partnership, and on file in the office of the City Clerk. Motion carried unanimously. Resolution No. 2007-xx entitled a Resolution Approving a Modified Development Program for Development District No. 1 and a Tax Increment Financing Plan for Tax increment Financing District Na. 13 MOTION BY Council member Fay, seconded by Council member Berning to approve Resolution No. 2007-xx entitled a Resolution Approving a Modified Development Program for Development District No. 1 and a Tax Increment Financing Plan for Tax increment Financing District No. 13, and on file in the office of the City Clerk. Mayor Klecker, Council members Berning, Fay, and Wagner noted aye. Council member Vetsch abstained from voting. Motion carried. DEPARTMENT BUSINESS PUBLIC WORKS DEPARTMENT Public Works and Parks Maintenance Public Works and Parks Maintenance Supervisor Guimont did not have anything to report on at this meeting. Guimont would have a report for the next meeting. Wastewater Treatment Plant Request for Council Action accepting the Recommendation from Bolton & Menk, Inc. Engineer regarding Stabilization Pond Abandonment. 7 Assistant City Engineer Nafstad reviewed and explained more on the stabilization of Pond No. 2 abandonment. With the expansion of the Plant, staff is monitoring the plant's ability to run appropriately. Eventually all there stabilization ponds will become abandoned. At this point, staff is looking for Council approval to abandon the pond as it is becoming difficult to locate land to accept the sludge. According to the MPCA, you can place the sludge on the land every two (2) years. It was inquired by the Council what the plans are for the area where the pond was located, if it can be filled, graded and potentially built upon. Assistant City Engineer Nafstad reported that there are no plans in place today for grading or other specifics. Should the Council decide, it can be filled, graded and in the future built upon. One portion of the expansion to the WWTF is located on Pond No. 1, which was abandoned. City Administrator Kruse confirmed that with the expansion of the treatment plant, it was anticipated the City would abandon all the ponds. In place of the ponds, the City constructed the seven Reed Beds. MOTION BY Council member Wagner, seconded by Mayor Klecker to accept the proposed recommendation from Bolton & Menk, Inc. Engineer regarding Stabilization Pond No. 2 Abandonment with the following major components; • Preparation of Plans and Specifications of Pond Decommissioning • Submittal and coordination of approval with the MPCA • Administration of the Bidding Process two work tasks necessary to complete the major work components are: Task 1 — Design Phase • Collection of all necessary information • Preparation of plans and specifications • Submittal of plans and specifications to MPCA and City Task 2 — Bid Phase • Incorporate all City and MPCA requirements • Advertise and Receive Bids in Conjunction with City Staff the costs associated with each task are: 1. Total cost for engineering services for Task 1 — Design Phase, as an hourly not to exceed amount of $5,000. 2. Total cost for engineering services for Task 2 — Bid Phase, as an hourly Motion carried unanimously. FINANCE DEPARTMENT Finance Director Lannes would have the normal items for Council review at the July 2, 2007 Council meeting as well as preparing the Preliminary Budget for the July 30, 2007 Budget Workshop. BUILDING DEPARTMENT Continued Discussion on Amending the 2005 Albertville Municipal City Code pertaining to_ 1306 Fire Sprinkler Options - Approve Ordinance No. 2007-xx entitled an Ordinance Amending the Albertville City Code Relating to Adoption of the Building Code NONE (Fire Suppression Sprinklers); OR Approve Ordinance No. 2007-xx entitled an Ordinance Amending the Albertville City Code Relating to Adoption of the Building Code SECTION 1306 006 (Fire Suppression Sprinklers); OR Approve Resolution No. 2007-xx entitled a Resolution D;rect;na City Staff to Enforce Minnesota Rules Section 1306 Relating to the Installation of Fire Suppression Sprinklers Building Official Sutherland began stating that staff has researched the areas that the Council inquired about. City Attorney Couri as discussed at the last meeting, when the City adopted the 2005 Albertville Municipal City Code, the fire sprinkler provision was inadvertently adopted. The portion that was adopted was the least restrictive, requiring sprinkling only in new buildings and additions to existing buildings. The question that came out of the June 4 Council meeting was which option should the Council consider and adopt. It appears that the areas of the 1306.0030 are the sections E 1 and E2. Both sections require the installation of sprinklers in multi -family residential structures. Section E2 is the least restrictive, which does not require installation in smaller multi -family buildings. City Attorney Couri noted there are three options for the Council to consider. One is to approve Ordinance No. 2007-xx, which is amending the 2005 Albertville Municipal City Code. Second option is to approve Ordinance No. 2007-xx, which would amend the 2005 Albertville Municipal City Code to include section 1306.0030, subpart 3 that includes E1 the less restrictive section. Fire Chief Mills stated that as per Council request, he had contacted Buffalo, Elk River, and Anoka/Champlin Fire Chiefs regarding the 1306 Fire Sprinkler Code. Buffalo and Elk River have not adopted the 1306 Fire Sprinkler Section of the MN State Building Code. Part of the reason is that it is a newer Chapter of the Building Code, in which various cities throughout the state are slowly adopting. Anoka/Champlin has adopted the 1306 Fire Sprinkler Section of the State Building Code. Anoka/Champlin Fire Chief Charlie recommends cities with volunteer firefighters should adopt Section 1306 with Appendix E. Howard Larson with Radiation Products expressed his concern with the 1306 Fire Sprinkler code. When Radiation Products was constructed the owner invested in a fire resistant type of building. Radiation Products went with the highest rating of fire resistant walls. Mr. Larson thought it was well worth the investment in a fire resistant style building. The amounts of money 6 spent on the fire resistant building would not be worth it to install a sprinkler system. The type of walls used were concrete walls and would not recommend a fire sprinkler system for the building. Al Keller with GCI or Shoppes at Towne Lakes informed the Council that the City of St. Cloud adopted the 1306 Fire Code, which St. Cloud is now questioning if they made the correct decision. St. Cloud is possibly losing business or developers because of the Fire Code adoption. The developers are having a difficult time with the expense of adapting the buildings to meet the Fire Code sprinkler system requirement. In St. Cloud, it is estimated to cost $25,000 to install the required 6" main to handle the sprinkler system within the building. Mr. Keller recommended re-evaluating whether to adopt the Fire Code or not. Additional discussion followed the presentation and information that was shared by the two business owners in Albertville. There was a debate on the Pros and Cons regarding the issue of sprinkling a facility or not. Council discussed what portion of the 1306 Fire Code to adopt, whether to go with Subsection E1 or E2. MOTION BY Council member Vetsch, seconded by Council member Wagner to approve Ordinance No. 2007-xx entitled an Ordinance Amending the Albertville City Code Relating to Adoption of the Building Code SECTION 1306.006 (Fire Suppression Sprinklers) with Sections 1306, 1306.002, subpart 3, 1306.003 subsection El, and on file in the office of the City Clerk. Mayor Klecker, Council members Vetsch, Wagner, and Fay voted aye. Council member Berning voted nay. Motion carried. This Ordinance will become effective upon publication and acceptance by the State of Minnesota Building Code. CITY CLERK Approve "On -Sale" Wine Liauor License and "On -Sale 3 2%" Malt Beverage Liauor License for Senor Peppers (contingent on Background Checkl City Clerk Miller reported that Senor Peppers has applied for an "On -Sale" Wine Liquor License and an "On -Sale" 2.3% Malt Beverage Liquor License for the establishment located in the Shoppes at Prairie Run. The application is contingent on the background check, of which the results from the Wright County Sheriffs Department have been placed on the Council desk. It is at the Council's discretion whether to approve the liquor licenses or not. Council member Berning commented that Albertville should not approve additional liquor licenses until the City can get control of the current license. Berning directed staff to conduct a more extended background check with the BCA. MOTION BY Council member Berning, seconded by Council member Fay to table the approval of the "On -Sale" Wine Liquor License and "On -Sale 3.2%" Malt Beverage Liquor License for Senor Peppers contingent on Background Check with the BCA, and on file in the office of the City Clerk. Motion carried unanimously. 10 City Council Workshop with Wright County Sheriff's Department originally set for Monday June 25 — re -scheduled to Monday, July 23 at 7:00 p.m. Council approved re -scheduling the Wright County Sheriff's Department to Monday, July 23 beginning at 7:00 p.m. with and not limited to the following topics: • Discussion of Golf Carts within the Albertville city limits, especially along Karston Avenue NE • Speed limits along CSAH 19 north and south Set Items for City Council Workshop to be held on Monday. June 25 to begin at 7.00 p in. Council set the following items for the upcoming June 25 City Council Workshop: • Sign Concerns and Issues such as; Freeway Signage Height; Number Of Freestanding Signs Allowable; LED or Electronic Signage • Wastewater Treatment Plant; Stabilization Of Pond No. 2; Update On Reed Beds — Odor • Parkside Commercial Park • Golf Carts — Discussion with Wright County Sheriff's Dept. — Consider Adoption of MN State Statute • Noise Ordinance Review PLANNING AND ZONING Approve Barthel Industrial Park (52°d Street NEl Final Plat - Purchase Agreement Between the City of Albertville and Fraser Steel - Ingress —Egress Plat City Planner Brixius reported that in conjunction with the Fraser Steel application for an addition to the existing facility, the City of Albertville has been evaluating the Barthel Industrial Park Addition. Included in the evaluation is the consideration of re -platting the addition, which would involve the vacating of MacKenzie Avenue NE. The proposed plat is to subdivide the areas north of 52"d Street NE into three lots and one outlot; and the land south of 52nd Street NE would be subdivided into two lots and one outlot. The revised final plat has been submitted to reflect the changes of Block 1, Lot 1 and Fraser Steel driveway off of 52"d Street NE. In summary, the final plat includes the combination of seven lots into 5 lots on four blocks and two outlots. Based upon the review of the submitted plats, staff believes the proposed Barthel Industrial Park 2nd Addition meets the requirements of the I-1 Zoning District. Recommendation is for Council approval of the Barthel Industrial Park 2nd Addition with the following conditions: 11 1. Fraser Steel shall submit a signed Purchase Agreement for the expansion of Lot 1, Block 1 prior to the plat being finalized. 2. A signature line shall be added to the final plat for Fraser Steel. 3. Site and Building Plan Reviews will be required for all new developments in the Barthel Industrial Park 2nd Addition. There was additional discussion regarding the approval of Barthel Industrial Park 2nd Addition following the presentation given by City Planner Brixius. Council noted the unique radius of the driveway for the Fraser Steel site. Council discussed the fence and a retaining wall that would be installed along the east side of the property. MOTION BY Council member Berning, seconded by Council member Fay to approve Resolution No. 2007-xx entitled a Resolution Approving Barthel Industrial Park 2"d Addition (52"d Street NE) Final Plat within the City of Albertville that includes approval of a Purchase Agreement between the City of Albertville and Fraser Steel with the Ingress and Egress Plat, and on file in the office of the City Clerk. Motion carried unanimously. Albertville Marketplace Final Plat - Approve Resolution No 2007 xx itled a Racnl„t;nn Approve Albertville Marketplace Developers Agreement City Planner Brixius reported that the Phil Morris or now known as Albertville Marketplace, has been reviewed various times by the Albertville Planning Commission and City Council over the past couple of years. Due to the moratorium that was placed on I-94 the project was delayed. Since the original site and building plan review, revised site improvement plans and revised architectural elevation plans have been submitted, per comments of the Council on April 2, 2007. Brixius noted that a trail connection is shown north of Building B of lot 1, which will connect the development to a future trail proposed along the north property line. The construction of the trail was requested by the Albertville City Council along the east side of Street A, and has not been shown on the plans. According to the building elevations submitted by the architect, it illustrates that the fronts of Buildings A and B will be 60% brick or stone and the rear of the buildings will be 50% brick or stone. The proposed percentages of brick and stone meet the requirements set by the City and shall be observed on all buildings within the development. There was an additional discussion throughout the meeting regarding the issues or concerns with providing a water line or access to the Cemetery that abuts the development. The Cemetery Board was contacted and appears to be okay with the proposal regarding the water access, and landscaping that would be a part of the Albertville Marketplace proposal. 12 City Council and staff discussed the concerns of the maintenance of the property line that abuts I-94 and the retaining wall. The area between the State of Minnesota (I-94) fence and the developer's retaining wall appears to be rather tight. Will the developer be able to maintain the property appropriately, as it abuts the off ramp and it is the first impression that individuals will observe of Albertville. Mayor Klecker opened up the discussion to the public. Linda Fisher representing Phil Morris and Albertville Marketplace reported that the developer has taken the maintenance of the property into consideration. The area around the retaining wall and the fence will be the responsibility of the development or tenant/business owner. City Attorney Couri inquired if the Council wanted to discuss the Developer's Agreement at this point. Council agreed to continue with the development prior to making any motions to approve. City Attorney Couri began by stating this is your standard Developer's Agreement, in which certain areas that are of specific interest to this development will be reviewed. One area Couri noted, is should the developer default on the agreement; there are stipulations within the Development Agreement. Couri noted items F, G, and H under Planned Unit Development and Conditional Use pointing out the part that reads "For five (5) years from the date of this Agreement, no amendments to the City's comprehensive plan or official controls shall apply to or affect the use, development density, lot size, lot layout, or dedications of the approved plat unless required by State or Federal Law or agreed to in writing by the City and the Developer." Part G. that reads "No occupancy permit shall be issued for a motor fuel station use on Lot 2, Block 1 until either 1) an occupancy permit is issued for the restaurant building on Lot 4, Block 1, or 2) An occupancy permit is issued for a retail or office building on Lot 1, Block 1 of Said Plat." Couri wanted to bring to the Council's attention that this does not mean the building will be occupied or the restaurant will be open for business. Last part is H which reads "Developer shall develop Said Plat consistent with the site plan attached as Exhibit C. No building and site construction, which otherwise complies with the Site Plan attached as Exhibit C shall be required to receive separate site and building plan approvals from the Planning and Zoning Commission and the City Council." The language gave them some flexibility on the site and building plan review. Other areas that were brought up were part L stating that the developer shall maintain the storm sewer system and ponds located on Said Plat. Part M noting the City shall reasonably maintain the sanitary sewer lines and municipal water lines and fire hydrants located within publicly dedicated utility easements on Said Plat, provided, however that: 1) in the event it is necessary for the City to excavate any portion of the easement area to maintain, repair or replace any such lines, the City shall be obligated to restore the easement area to grade with gravel and the owner of the property or the Property Owner's Association shall be responsible for replacing pavement 13 and any improvements above grade; and 2) nothing in this Agreement shall act to limit the City's ability to finance such improvements in accordance with applicable law." The last area brought up was the section in O regarding "the City agrees to permit a full access from Said Plat to CSAH 37 with the conditions provided for in this paragraph. With respect tc the access to CSAH 37, developer agrees as follows: The Traffic Signal shall consist of a three-legged stoplight (red, yellow, and green) system configured similar to that shown on the attached Exhibit E ("Traffic Signal") and constructed to Wright County Highway Department standards in existence at the time the Traffic Signal is constructed. The estimated cost of the Traffic Signal, if it were constructed in 2007, is $231,000 ("Estimated Cost")." Couri noted that the City acknowledges that a condition of the Developer obtaining an access permit from Wright County with regard to CSAH 37 is that the City, Wright County and the City of Otsego enter into a three -party agreement with regard to the construction of the Traffic Signal discussed herein (the "Three -Party Agreement"). Couri stated that fifty percent (50%) of each building's exterior finish (exclusive of doors and windows) shall be brick or stone. Court noted that included in the Developer's Agreement are restrictions regarding all signage on the site shall comply with the City's Sign Ordinance, except for the following items, which are granted as part of the PUD approval conditions within the agreement. Under the section Construction of Municipal Improvements item E was noted that "in lieu of requiring the Developer to install a trail along the north side of Said Plat (but located in the CSAH 37 right-of-way), the City main construct said trail in the future. The estimated cost of such trail in 2007 dollars is $25,671.00. In the event the City Constructs such trail in the future and chooses to special assess the costs of the trail against the property in Said Plat, Developer agrees to waive its right to appeal such special assessment to District Court pursuant to Minn. State § 429.081 to the extent the total amount special assessed to all lots on Said Plat is not greater than the following amount (Adjusted Trail Assessment"), calculated as follows: by taking the Engineering News Record Construction Cost Index ("Index") level published for the month preceding the month in which this agreement is dated (the "Base Month") and multiplying it by one plus the percentage increase in the Index that occurs between the Base Month and the month preceding the month in which the City contracts for the construction of said trail." The last item Couri reported briefly were the amounts of the surety requirement for Said Plat. MOTION BY Council member Berning, seconded by Council member Fay to approve Resolution No. 2007-xx entitled a Resolution Approving a Final Plat for the Albertville Marketplace located at the Corner of CSAH 37 and Interstate 94 within the City of Albertville that was presented at the Council meeting with the relocation of the sidewalk connection to the future trail along CSAH 37, and on file in the office of the City Clerk. Motion carried unanimously. 14 MOTION BY Council member Vetsch, seconded by Council member Berning to approve Albertville Marketplace Developer's Agreement that was included in the Council packet with the relocation of the sidewalk within the site, and on file in the office of the City Clerk. Motion carried unanimously. Shoppes of Towne Lakes 2nd Addition Site and Building Plan Review --Approve Resolution No. 2007-xx entitled a Resolution City Planner Brixius noted that GCI Builders has applied for a Site and Building Plan Review within the Shoppes at Towne Lakes 2nd Addition on the following lots: Lot 1, Lot 3, and Lot 4. These plans have been reviewed and approved at the Planning and Zoning Commission meeting held on Tuesday, May 8, 2007 contingent on revising the front elevations of the buildings. Brixius pointed out that according to the condition of the PUD, the guidelines stipulate that the "overall architecture and landscape architecture is to be related (though not identical) with a `New England' design character. This style is characterized by an emphasis on narrow and varied width shop fronts with separate identities obtained by trim, siding, and facade changes." "The design of the building should help make the street enjoyable, visually interesting and comfortable." Taken the exterior appearance into account, the applicant has submitted revised plans, which the Planning and Zoning Commission has reviewed at the June 12, 2007 Commission meeting. The revised building renderings somewhat gave the impression that the buildings were of the `New England' design. Brixius reported that the applicant shall provide a rooftop plan of the HVAC equipment prior to receiving a building permit. Brixius informed the Council that Al Keller, the applicant, was present in the audience should the Council have questions or concerns. MOTION BY Council member Fay, seconded by Council member Berning to approve Resolution No. 2007-xx entitled a Resolution Approving the Site and Building Plans for Building 2, 3, and 5 of Shoppes at Towne Lakes 2nd Addition located at the Northeast Corner of CSAH 19 and West Laketowne Drive NE with additional landscaping and take into consideration relocating the allowable truck parking space(s) and the truck idling noise that would come from the trucks that are parked in the designated space(s), and on file in the office of the City Clerk. Motion carried unanimously. (remainder of this page left blank) 15 ENGINEERING Project Update Assistant City Engineer Nafstad went over his report with the Council bringing attention to various items. Nafstad reported that the excavation of the pond is progressing well. Nafstad then stated that "as you probably noticed" the southbound traffic has been shifted to the east to allow for construction of the new southbound lanes. Nafstad asked if the Council had any other questions or concerns regarding the report. Hearing no questions or comments Nafstad proceeded to the next item. Approve Resolution No. 2007-xx entitled a Resolution Accepting Bid for the 2007 Overlav Project Assistant City Engineer Nafstad informed the Council that bids were submitted and opened on June 12 for the 2007 Overlay Project with the Albertville city limits. Per the report, the City received seven (7) bids with the low bid from Mid -Minnesota Hot Mix, Inc. of Annandale, Minnesota. MOTION BY Council member Berning, seconded by Council member Fay to approve Resolution No. 2007-xx entitled a Resolution Accepting Bid for the 2007 Overlay Project at a cost not to exceed $129,138.96 from Mid -Minnesota Hot Mix, Inc. based out of Annandale, Minnesota, and on file in the office of the City Clerk. Motion carried unanimously. Approve Resolution No. 2007-xx entitled a Resolution Accepting Bid for the 2007 Winter Park Improvements Assistant City Engineer Nafstad reported on the next item which was the 2007 Winter Park Improvements. Nafstad stated that the City advertised, received bids, and opened them on June 12, 2007 for the 2007 Winter Park Improvement Project. The City received eight (8) bids for the proposed park project. As staff reviewed the bids, it appeared that the apparent low bidder had an error on the calculation of Item C of the bid. City Attorney Couri stated that according to Minnesota courts, that once a bid has been opened, the governmental entity has no authority to make any material changes or modifications to the bid, even if the bid instructions allow the governmental entity to waive irregularities. There was discussion between the Council and staff as to which bid to approve and what portions of the project to go forward with. MOTION BY Council member Berning, seconded by Council member Fay to approve Resolution No. 2007-xx entitled a Resolution Accepting Bid for the 2007 Winter Park Improvements with Dennis Fehn for Alternates A, B, and C, and on file in the office of the City Clerk. Motion carried unanimously. 16 571h Street NE Sidewalk Project Council member Berning inquired from staff the status of the 571h Street NE sidewalk project. Staff reported that the City has the plans for the sidewalk, of which staff has been working with the homeowners to obtain their consent for construction. The City has received consent from 2-3 of the homeowners to proceed with the construction of the sidewalk. There is still one (1) resident that is opposed to the sidewalk. Along with the one (1) resident the City needs to obtain the easement from the Beaudrys and the Youngdahls to construct the sidewalk. It was a consensus of the Council to go forward with the construction of the sidewalk. The assumption is for staff to bring quotes back to the 2nd Council meeting in July. In the meantime, staff will send notices to the residents that the Council will be taking action to construct the 571h Street NE Sidewalk Project. LEGAL Approve Vacation Agreement with abutting Property Owners on MacKenzie Avenue NE City Attorney Couri very briefly went over the background history of MacKenzie Avenue NE that has been discussed at previous Council meetings. Couri noted that the bulb portion of the cul-de-sac will be quick claimed to the appropriate abutting property owners. The stem portion of the cul-de-sac will become part of the City's property that will be split appropriately with the abutting lots as demonstrated in the Final Plat. MOTION BY Council member Vetsch, seconded by Council member Fay to approve the Vacation Agreement with abutting Property Owners on MacKenzie Avenue NE, and on file in the office of the City Clerk. Motion carried unanimously. City of Albertville and Vacating Adjacent Drainage and Utility Easements City Attorney Couri continued by stating that since we have the abutting property owners consent on the vacation agreement the City can approve the actual vacation of the drainage and utility easement along with the vacation of that portion of MacKenzie Avenue NE that lies north of 52nd Street NE and south of the Burlington Northern Railroad. MOTION BY Council member Berning, seconded by Mayor Klecker to approve Resolution No. 2007-xx entitled a Resolution to Vacate Easement on MacKenzie Avenue NE that lies North of 52nd Street NE and south of the Burlington Northern Railroad within the Albertville city limits and Vacating a Portion of Mackenzie Avenue NE within the Barthel Industrial Park Second 17 Addition contingent on the signatures on the Vacation Agreement with the abutting property owners, and on file in the office of the City Clerk. Motion carried unanimously. Discuss setting a date for a Public Hearing for the Lachman Avenue NE Improvement (consider July 2, 20071 City Attorney Couri was looking for Council approval to set Monday, July 2, 2007 as a Public Hearing for the Lachman Avenue NE Improvement. Staff has been working on the project for a couple of years and has come to somewhat of an agreement with the Barthel's. MOTION BY Council member Berning, seconded by Council member Fay to approve setting Monday, July 2, 2007 at 7:00 p.m. or soon thereafter as a date for a Public Hearing for the Lachman Avenue NE Improvement, and on file in the office of the City Clerk. Motion carried unanimously. ADMINISTRATION Written Report City Administrator Kruse went over touching briefly on topics within the report. Kruse brought to the Council's attention that Albertville has paid St. Michael the $128,000 per the Pond Agreement. Kruse asked if the Council had any other questions or concerns with the information noted in the written report. ITEM REMOVED Approve 5975 Main Avenue NE Building Lease (received copy of Lease Agreement at the .Tune ------ ---- 4, 2007 Council meetin zI Before the Council adjourned, Council member Berning requested that the Update on the Railroad Property be removed from the June 25, 2007 City Council Workshop as Berning will not be able to attend. ADJOURNMENT MOTION BY Council member Wagner, seconded by Mayor Klecker to adjourn at 11:00 pm. Motion carried unanimously. 18 A�Ibcrtvillcs; f City of Albertville Check Detail Register July 2, 2007 Check Amt Invoice Comment 10100 Premier Bank Paid Chk# 024447 7/2/2007 ACTION RADIO & COMMUNICATIONS E 101-42000-404 Repair/Maint - $78.28 15909 Fire Dept Radio Repair Total ACTION RADIO & COMMUNICATIONS $78.28 Paid Chk# 024448 7/2/2007 ADVERSIGN, LLC E 101-41940-405 Repair/Maint - Buildings $135.00 1326 6 18 - 7 18 advertsing service Total ADVERSIGN, LLC $135.00 Paid Chk# 024449 7/2/2007 ALLEY COMPANIES INC E 101-42000-200 Office Supplies (GENERAL) $13.12 1881 ppr Towels E 101-41940-210 Operating Supplies $13.14 1881 ppr Towels E 101-43100-405 Repair/Maint - Buildings $13.14 1881 ppr Towels E 101-41940-405 Repair/Maint - Buildings $27.85 1900 can liners E 101-43100-405 Repair/Maint - Buildings $27.85 1900 can liners E 101-42000-405 Repair/Maint - Buildings $27.85 1900 can liners Total ALLEY COMPANIES INC $122.95 Paid Chk# 024450 7/2/2007 ANSELMENT, ROSALIE G 101-22900 Park Rental Deposit Escrow $100.00 06-2007 Total ANSELMENT, ROSALIE $100.00 Paid Chk# 024451 7/2/2007 ARAMARK UNIFORM SERVICES E 101-42000-405 E 602-49400-417 E 101-45100-417 E 101-43100-417 E 601-49450-417 E 101-41940-405 E 601-49450-417 E 101-45100-417 E 101-43100-417 E 602-49400-417 E 601-49450-417 E 101-45100-417 E 101-43100-417 E 602-49400-417 E 101-41940-405 E 602-49400-417 E 101-43100-417 E 601-49450-417 E 101-45100-417 Total Repair/Maint - Buildings Uniform Rentals Uniform Rentals Uniform Rentals Uniform Rentals Repair/Maint - Buildings Uniform Rentals Uniform Rentals Uniform Rentals Uniform Rentals Uniform Rentals Uniform Rentals Uniform Rentals Uniform Rentals Repair/Maint - Buildings Uniform Rentals Uniform Rentals Uniform Rentals Uniform Rentals ARAMARK UNIFORM SERVICES $19.17 626-6251857 $14.16 629-6241964 $21.23 629-6241964 $21.24 629-6241964 $14.16 629-6241964 $60.36 629-6241965 $13.82 629-6246916 $20.73 629-6246916 $20.70 629-6246916 $13.82 629-6246916 $13.78 629-6251855 $20.63 629-6251855 $20.67 629-6251855 $13.78 629-6251855 $60.36 629-6251856 $18.61 629-6256769 $27.91 629-6256769 $18.61 629-6256769 $27.92 629-6256769 $441.66 Refund Park Shelter Dep 6/16/ mats FD Water Dept - Uniform Sery Parks Dept - Uniform Sery Public Works - Uniform Sery Sewage Dept. - Uniform Sery City Hall Mats Sewage Dept. - Uniform Sery Parks Dept - Uniform Sery Public Works -Uniform Sery Water Dept - Uniform Sery Sewage Dept. - Uniform Sery Parks Dept - Uniform Sery Public Works -Uniform Sery Water Dept - Uniform Sery City Hall Mats Water Dept - Uniform Sery Public Works -Uniform Sery Sewage Dept. - Uniform Sery Parks Dept - Uniform Sery 19 Check Amt Invoice Comment 10100 Premier Bank Paid Chk# 024452 7/2/2007 BOLTON & MENK, INC E 492-49000-303 Engineering Fees $506.00 0106711 52nd Street NE Prelim Eng Rpt E 499-49000-303 Engineering Fees $8,049.00 0106712 Lachman Avenue NE Prelim Eng R E 101-41700-303 Engineering Fees $42.00 0106713 Spring Load Restrictions E 101-41700-303 Engineering Fees $84.00 0106713 CSAH 37 Development E 101-41710-303 Engineering Fees $84.00 0106713 Outlett Mall Fence Review E 101-41710-303 Engineering Fees $126.00 0106713 Heuring Driveway E 101-41700-303 Engineering Fees $126.00 0106713 MOCA N.O.V. Response E 101-41700-303 Engineering Fees $168.00 0106713 Downtown Parking Study E 101-41700-303 Engineering Fees $210.00 0106713 2003 CSAH 19 Project E 101-41710-303 Engineering Fees $210.00 0106713 SAC & WAC Coborn's E 101-41700-303 Engineering Fees $462.00 0106713 Staff Meeting E 101-41710-303 Engineering Fees $84.00 0106713 Field review with Tim G. E 101-41710-303 Engineering Fees $1,200.00 0106714 staff, council meetings, MSA, E 468-49000-303 Engineering Fees $252.00 0106716 1-94 Implementation E 494-49000-303 Engineering Fees $672.00 0106718 CSAH 19 & 50th Street (CSAH 18 E 473-00000-303 Engineering Fees $17,237.50 0106719 Prairie Run E 493-49000-303 Engineering Fees $210.00 0106721 CSAH 19/North of 1-94 E 498-00000-303 Engineering Fees $6,384.00 0106722 Flood Mitigation Project E 101-41710-303 Engineering Fees $798.00 0106723 St. Michael - Albertville Scho E 101-41700-303 Engineering Fees $955.50 0106729 2007 MSAS Reporting E 101-41710-303 Engineering Fees $1,680.00 0106739 Phillip Morris Lift Station Total BOLTON & MENK, INC $39,540.00 Paid Chk# 024453 7/2/2007 CARQUEST E 101-42000-404 Repair/Maint - $11.65 1536-26417 Fire ept Micro v belt E 101-43100-215 Shop Supplies $44.71 1536-26423 fuel pump assmbly E 101-43100-215 Shop Supplies $31.63 1536-26423 Hitmp grease E 101-42000-404 Repair/Maint - $5.00 1536-26423 Fire Dept fuel filter E 101-42000-404 Repair/Maint - $36.95 1536-26423 Fire Dept micro v-belt E 101-42000-404 Repair/Maint - $36.94 1536-26425 Fire Dept Micro v-belt E 101-43100-404 Repair/Maint- $18.94 1536-26426 Turn/Tail Lamp E 101-42000-404 Repair/Maint - ($18.75) 1536-26429 Fire Dept return micro v belt E 101-42000-404 Repair/Maint- ($44.71) 1536-26448 Return fuel pump assembly E 101-42000-404 Repair/Maint - $146.42 1536-26453 Fire Dept Elec Fuel Pump E 101-42000-404 Repair/Maint - ($0.94) 1536-26502 Micro v- belts, and return mic E 101-43100-404 Repair/Maint - $126.14 1536-26660 Water pump, turn/tail lamp - 1 E 101-43100-404 Repair/Maint - $40.05 1536-26666 air filter, oil filter E 101-43100-404 Repair/Maint - $75.88 1536-26667 oil filter, air filter E 101-43100-404 Repair/Maint - ($108.13) 1536-26713 Return oil filters and air fil Total CARQUEST $401.78 Paid Chk# 024454 7/2/2007 CNH CAPITAL E 101-45100-404 Repair/Maint - $54.87 06-2007 1B75841 Fuel Filter - Air Elem E 101-45100-404 Repair/Maint- ($6.40) 06-2007 Credit E 101-45100-404 Repair/Maint - $205.26 06-2007 IB 76156 Clutch Asmt - T Total CNH CAPITAL $253.73 Paid Chk# 024455 7/2/2007 COBORN'S E 101-41400-200 Office Supplies (GENERAL) $27.40 06 2007 Supplies CH E 101-43100-215 Shop Supplies $38.80 06 2007 Supplies PW E 101-42000-200 Office Supplies (GENERAL) $72.53 06 2007 Supplies FD Total COBORN'S $138.73 Paid Chk# 024456 7/2/2007 D.R. & ASOCIATES ENTERPRISES, E 101-42000-230 Medical Supplies $317.55 706021 Fire Dept Red Medical Bags E 101-42000-230 Medical Supplies $106.23 706022 Fire Dept Defibrillation Pads Total D.R. & ASOCIATES ENTERPRISES, $423.78 20 Check Amt Invoice Comment 10100 Premier Bank Paid Chk# 024457 7/2/2007 DEHN TREE COMPANY, INC E 101-45100-210 Operating Supplies $42.60 1314 mulch Total DEHN TREE COMPANY, INC $42.60 Paid Chk# 024458 7/2/2007 DENNIS FEHN GRAVEL & EXCAVATIN R 101-41000-34025 Reimbursement $450.00 06-2007 Front End Loaderw/operator Total DENNIS FEHN GRAVEL & EXCAVATIN $450.00 Paid Chk# 024459 7/2/2007 DJ'S TOTAL HOME CARE CENTER E 101-42000-200 Office Supplies (GENERAL) $67.68 22090 Fire Dept 022090 screwdrivers, E 101-42000-405 Repair/Maint - Buildings $11.76 22510 Fire Dept 022510 4 x 6 flag E 101-42000-200 Office Supplies (GENERAL) $71.96 22511 Fire Dept 022511 brushes E 101-42000-200 Office Supplies (GENERAL) $13.46 22512 Fire Dept 022512 wire, adapter Total DJ'S TOTAL HOME CARE CENTER $164.86 Paid Chk# 024460 7/2/2007 DON'S AUTO & REPAIR E 101-42000-212 Motor Fuels $146.73 06-2007 42311 Fire Dept fuel E 101-43100-212 Motor Fuels $42.58 06-2007 46344 fuel E 101-42000-212 Motor Fuels $41.22 06-2007 41978 Fire Dept diesel E 101-43100-212 Motor Fuels $43.45 06-2007 44167 fuel & 1 junk tire E 101-42000-212 Motor Fuels $59.77 06-2007 43202 Fire Dept diesel E 101-43100-400 Repair/Maint - Paved Rd $58.58 06-2007 43317 100# prop w/tx E 101-42000-212 Motor Fuels $66.66 06-2007 45765 Fire Dept fuel E 101-42000-212 Motor Fuels $57.71 06-2007 46181 Fire Dept fuel E 101-43100-212 Motor Fuels $30.47 06-2007 43280 fuel E 101-42000-212 Motor Fuels $55.81 06-2007 46121 Fire Dept fuel E 101-42000-212 Motor Fuels $37.86 06-2007 45762 Fire Dept fuel E 101-42000-212 Motor Fuels $51.13 06-2007 45917 Fire Dept fuel E 101-42000-212 Motor Fuels $36.89 06-2007 46417 Fire Dept fuel E 101-42000-212 Motor Fuels $25.55 06-2007 39849 Fire Dept fuel E 101-42000-212 Motor Fuels $37.37 06-2007 46232 Fire Dept fuel Total DON'S AUTO & REPAIR $791.78 Paid Chk# 024461 7/2/2007 EMBARQ - TX E 101-45100-321 Telephone $16.11 497-2215 E 101-41940-321 Telephone $116.95 taxes & surcharges E 601-49450-321 Telephone $16.11 497-1888 E 601-49450-321 Telephone $36.69 497-0269 E 101-43100-321 Telephone $37.51 497-0774 E 101-41940-321 Telephone $37.51 497-0452 E 101-42400-321 Telephone $36.69 497-3704 E 101-42400-321 Telephone $36.69 497-3695 E 101-41940-321 Telephone $36.69 497-3486 E 101-41940-321 Telephone $39.15 497-0261 E 101-42000-321 Telephone $46.47 6-2007 497-1340 E 101-42000-321 Telephone $72.88 6-2007 497-7474 E 101-41940-321 Telephone $35.49 6-2007 Taxes and Surcharges Total EMBARQ - TX $564.94 Paid Chk# 024462 7/2/2007 EMERGENCY MEDICAL PRODUCTS E 101-42000-230 Medical Supplies $147.33 INV956041 Fire Dept LSP oxygen, small cy Total EMERGENCY MEDICAL PRODUCTS $147.33 21 Check Amt Invoice Comment 10100 Premier Bank Paid Chk# 024463 7/2/2007 FEDERATED CO-OPS, INC. E 601-49450-210 Operating Supplies $83.08 F24509 2.5 gal uccaneer Plus Total FEDERATED CO-OPS, INC. $83.08 Paid Chk# 024464 7/2/2007 FTTH COMMUNICATIONS E 101-43100-321 Telephone $57.67 06-2007 Public Works Internet 5/07 E 101-43100-321 Telephone $74.17 06-2007 Public Works internet 6/07 Total FTTH COMMUNICATIONS $131.84 Paid Chk# 024465 7/2/2007 GUIMONTS LAWN & LANDSCAPE E 101-41000-300 Professional Srvs (GENERAL) $53.25 06-2007 Mow weeds 10563 48th Street Ne Total GUIMONTS LAWN & LANDSCAPE $53.25 Paid Chk# 024466 7/2/2007 HASSAN SAND & GRAVEL, INC. E 101-45100-210 Operating Supplies $305.79 69805 Crushed Granite - 3/4" minus Total HASSAN SAND & GRAVEL, INC. $305.79 Paid Chk# 024467 7/2/2007 INITATIVE FOUNDATION E 101-45000-598 Pledges & Contributions $1,100.00 06-2007 2007 Pledge City ofAlbertvill Total INITATIVE FOUNDATION $1,100.00 Paid Chk# 024468 7/2/2007 JOINT POWERS BOARD E 206-49400-378 JP WAC $1,815.00 062007 WAC JP E 602-49400-372 JP Dist $35,915.52 062007 5 JP Dist E 602-49400-375 JP Access $0.00 062007 4 JP Access E 602-49400-376 JP Fed Wtr Test $22.22 062007 1 Fed Wtr Test Pen E 602-49400-374 JP Dist Pen $730.93 062007 5 JP Dist Pen E 602-49400-371 JPDIST COMBO $1,015.55 062007 51 JPDist Combo E 602-49400-373 JP Dist II Low $1,167.64 062007 6 JP Dist II low E 602-49400-376 JP Fed Wtr Test $1,189.36 062007 1 Fed Wtr Test Total JOINT POWERS BOARD $41,856.22 Paid Chk# 024469 7/2/2007 KENNEDY & GRAVEN E 101-41000-300 Professional Srvs (GENERAL) $1,682.25 77655 TIF 2006 Fraser Steel Total KENNEDY & GRAVEN $1,682.25 Paid Chk# 024470 7/2/2007 MENARDS - BUFFALO E 101-43100-400 Repair/Maint - Paved Rd $28.71 42006 mailbox and 4 x 4 6' Cedar Total MENARDS - BUFFALO $28.71 Paid Chk# 024471 7/2/2007 Mil LIFE E 101-43100-130 Employer Paid Ins $9.00 062007 Emp Life Ins E 101-41300-131 Employer Paid Health $54.29 062007 Emp STDis Ins E 601-49450-130 Employer Paid Ins $9.00 062007 Emp Life Ins E 101-41500-131 Employer Paid Health $2.40 062007 Emp Life Ins E 601-49450-130 Employer Paid Ins $39.46 062007 Emp STDis Ins E 602-49400-130 Employer Paid Ins $7.50 062007 Emp Life Ins E 602-49400-130 Employer Paid Ins $13.39 062007 Emp STDis Ins E 101-42400-130 Employer Paid Ins $67.95 062007 Emp STDis Ins E 101-43100-130 Employer Paid Ins $49.17 062007 Emp STDis Ins E 101-41500-131 Employer Paid Health $30.97 062007 Emp STDis Ins E 101-41400-131 Employer Paid Health $27.35 062007 Emp STDis Ins E 101-42400-130 Employer Paid Ins $20.55 062007 Emp Life Ins E 101-45100-130 Employer Paid Ins $19.55 062007 Emp STDis Ins E 101-41300-131 Employer Paid Health $14.10 062007 Emp Life Ins G 101-21710 Other Deducations $7.50 062007 Emp Life Ins Emp Port E 101-41400-131 Employer Paid Health $8.25 062007 Emp Life Ins E 101-45100-130 Employer Paid Ins $5.40 062007 Emp Life Ins Total MII LIFE $385.83 22 Check Amt Invoice Comment 10100 Premier Bank Paid Chk# 024472 7/2/2007 MINNESOTA COPY SYSTEMS E 101-41400-413 Office Equipment Rental $172.83 159588 Maintenance Contract Total MINNESOTA COPY SYSTEMS $172.83 Paid Chk# 024473 7/2/2007 MN DEPT. OF TRADE/ECON. DEV. E 203-00000-310 Other Professional Services $594.04 7-2007 PFA Fraser Loan 7/15/2007 Total MN DEPT. OF TRADE/ECON. DEV. $594.04 Paid Chk# 024474 7/2/2007 MUNICIPAL EMERGENCY SERVICES E 101-42000-585 C/O - Air Packs $158.00 421875 Fire Dept SCBA flow test Total MUNICIPAL EMERGENCY SERVICES $158.00 Paid Chk# 024475 7/2/2007 N. A. C. E 101-41910-306 Planning Fees $114.60 16522 Staff hours E 101-41910-306 Planning Fees $658.30 16522 Downtown Planning/RR Prop E 498-49000-306 Planning Fees $21.20 16522 St. Michael pond Applications E 101-41910-306 Planning Fees $476.02 16522 staff, council, planning meeti E 101-41910-306 Planning Fees $417.50 16522 LED Signs/Billboards E 101-41910-306 Planning Fees $367.05 16522 Dog Kennels E 101-41910-306 Planning Fees $172.00 16522 Freeway Sign Height Amendment E 101-41910-306 Planning Fees $157.50 16522 PUD Ordinance E 101-41910-306 Planning Fees $81.00 16522 Sign Permit Review E 101-41910-306 Planning Fees $54.00 16522 Application Review Checklist E 473-00000-306 Planning Fees $31.80 16522 Gold Key Lawsuit E 101-41910-306 Planning Fees $169.00 16522 Planners Checklist Total N. A. C. $2,719.97 Paid Chk# 024476 7/2/2007 NEXTEL COMMUNICATIONS E 602-49400-323 Nextel Radio Units $55.82 Nextel Phones E 101-41400-323 Nextel Radio Units $56.26 718183318-0 Nextel Phones E 601-49450-323 Nextel Radio Units $55.82 718183318-0 Nextel Phones E 101-45100-323 Nextel Radio Units $83.96 718183318-0 Nextel Phones E 101-42400-323 Nextel Radio Units $56.26 718183318-0 Nextel Phones E 101-41500-323 Nextel Radio Units $60.32 718183318-0 Nextel Phones E 101-43100-323 Nextel Radio Units $83.96 718183318-0 Nextel Phones E 101-41300-321 Telephone $60.32 718183318-0 Nextel Phones Total NEXTEL COMMUNICATIONS $512.72 Paid Chk# 024477 7/2/2007 S & T OFFICE PRODUCTS E 101-42400-200 Office Supplies (GENERAL) $89.42 01LU6499 copy paper, pens, yellow highl E 602-49400-210 Operating Supplies $16.89 01 LV0109 supplies, paper, calc E 601-49450-210 Operating Supplies $16.89 01 LV0109 supplies, paper, calc E 101-42400-200 Office Supplies (GENERAL) $3.75 01 LV0109 pens/perm markers E 101-41100-200 Office Supplies (GENERAL) $10.09 01 LV0109 pens E 101-41400-200 Office Supplies (GENERAL) $82.35 01 LV0109 Paper E 101-41400-200 Office Supplies (GENERAL) ($18.21) 01 LV1174 Credit for laser foil seals E 101-42400-200 Office Supplies (GENERAL) $16.74 01 LV1469 architect scales E 101-42400-200 Office Supplies (GENERAL) $16.74 01 LV1523 architect scales Total S & T OFFICE PRODUCTS $234.66 Paid Chk# 024478 7/2/2007 SCHUMM ELECTRIC MOTOR SERVICE E 101-43100-405 Repair/Maint -Buildings $10.15 31572 Total SCHUMM ELECTRIC MOTOR SERVICE $10.15 72-86 230 volt 23 Check Amt Invoice Comment 10100 Premier Bank Paid Chk# 024479 7/2/2007 SENTRY SYSTEMS, INC E 101-42000-405 Repair/Maint -Buildings $4.21 538026 FD alarm 11350 57th Street NE E 101-42000-405 Repair/Maint -Buildings $28.38 538026 FD 11350 57th Street NE E101-45100-405 Repair/Maint -Buildings $30.96 538026 5801 Lander Avenue E 101-43100-405 Repair/Maint - Buildings $29.23 538026 Public Works alarm 6461 63rd S Total SENTRY SYSTEMS, INC. $92.78 Paid Chk# 024480 7/2/2007 SHORT ELLIOT HENDRICKSON E 601-49450-300 Professional Srvs (GENERAL) $14,427.00 0162577 E 468-49000-303 Engineering Fees $10,403.97 0162786 Total SHORT ELLIOT HENDRICKSON $24,830.97 Paid Chk# 024481 7/2/2007 ST. MICHAEL FIRE & RESCUE R 101-00000-34950 Other Revenues $537.00 06-2007 Total ST. MICHAEL FIRE & RESCUE $537.00 Paid Chk# 024482 7/2/2007 TRYCO LEASING INC E 101-41400-413 Office Equipment Rental Total TRYCO LEASING INC Paid Chk# 024483 7/2/2007 VERIZON E 101-42000-321 Telephone Total VERIZON $689.62 $689.62 WWTP phase 2 Expansion May 1 - 1/94 CR 19 and 37 interchange Fire Cheif Vehicle, Firefighte lease copiers $7.07 1720129460 Fire Dept phone in Rescue Van $7.07 Paid Chk# 024484 7/2/2007 WRIGHT CTY AUDITOR/TREASURER E 101-42110-307 Police Contract Fees $38,142.50 Patrol-07-7 July 2007 Sheriff Patrol Billi Total WRIGHT CTY AUDITOR/TREASURER $38,142.50 Paid Chk# 024485 7/2/2007 WRIGHT-HENNEPIN COOPERATIVE E 601-49450-381 Electric Utilities $94.79 35017248170 Lift Station E 101-43160-381 Electric Utilities $285.77 35017248170 Streets E 101-45100-381 Electric Utilities $186.44 35017248170 Parks Total WRIGHT-HENNEPIN COOPERATIVE $567.00 Paid Chk# 024486 7/2/2007 XCEL ENERGY E 101-42400-381 Electric Utilities E 101-45100-381 Electric Utilities E 101-43160-381 Electric Utilities E 601-49450-381 Electric Utilities E 601-49450-381 Electric Utilities E 601-49450-381 Electric Utilities E 101-41940-381 Electric Utilities E 101-41940-381 Electric Utilities E 101-41940-381 Electric Utilities E 101-42000-381 Electric Utilities E 101-45100-381 Electric Utilities E 101-43100-381 Electric Utilities E 101-45100-381 Electric Utilities E 601-49450-381 Electric Utilities E 101-41940-381 Electric Utilities E 101-45100-381 Electric Utilities Total XCEL ENERGY $39.48 062007 $21.07 062007 $32.44 062007 $4,256.19 062007 $257.77 062007 $94.69 062007 $34.35 062007 $6.94 062007 $116.87 062007 $183.22 062007 $202.23 062007 $211.67 062007 $8.52 062007 $29.88 062007 $23.34 176641519 $3.34 176641773 $5,522.00 10100 Premier Bank $164,215.70 5964 Main Avenue NE Old Public 11474 58th Street NE Park Shel 11060 61st St NE Unit Signal 6451 Maclver NE Sewage Plant 11200 60th Street NE Sewer Li 11942 52nd Street NE Lift Stat 6002 Main Avenue NE Old City Hall 5975 Main Avenue Auto Prot Igt and addl facil c 11350 57th Street NE 11401 58th Street NE Skating R 6461 Maclver Avenue NE 5801 Main Avenue NE Picnic She 4940 Kaiser Avenue NE Unit Sew 11830 51 st Street Ne Fire Siren 5799 Lander Avenue 24 Fund Summary 101 GENERAL FUND 203 REVOLVING LOAN 206 WAC FUND 468 CSAH 19 RAMPS/I 94 Project 473 PRAIRIE RUN 492 52nd st Industrial Park 493 CASH 19 & 57th Intersection 494 CSAH 19 & 50th St. (South 19) 498 Flood Mitigation Project 499 Lachman Ave 601 SEWER FUND 602 WATER FUND Check Amt Invoice Comment 10100 Premier Bank $58,366.26 $594.04 $1,815.00 $10,655.97 $17, 269.30 $506.00 $210.00 $672.00 $6,405.20 $8,049.00 $19,477.74 $40,195.19 $164,215.70 25 This page left blank on purpose. wt BOt_.TON 8. MINK, INC. Consulting Engineers & Surveyors 7533 Sunwood Drive a Suite 206 • Ramsey, MN 55303 Phone (763) 433-2851 • FAX (763) 427-0833 June 21, 2007 Mr. Larry Kruse, City Administrator City of Albertville 5959 Main Avenue NE, P.O. Box 9 Albertville, MN 55301 RE: Cost Apportionment Option Lachman Avenue NE Extension BMI Project No. T15.21652 Honorable Mayor and City Council Members: Since originally presented on June 6, 2005, the Lachman Avenue NE Feasibility Study has been expanded to include a cost apportionment option based on the estimated project costs to date, totaling $540,000. The attached apportionment proposes to assess the LaBeaux Station properties as described in the Development Agreement for the plat and assess the balance of the project cost to the abutting Barthel properties. The current project costs have been estimated using construction quantities determined from the design plans for the project and are believed to be a reasonable estimate of the total cost of the project. The City continues to work with the Technical Evaluation Panel (TEP) in an effort to obtain a wetland impact permit and anticipates receipt of a permit in August. While it is possible that the TEP may oppose the wetland impact decision, City staff is optimistic that a permit will be issued and for a Fall 2007 construction start. If the proposed funding option is found acceptable to the City, it is recommended that the City approve the feasibility study as presented, order the improvement, and approve plans and specifications, as required by Minn. Stat. Chapter 429. I will be at your July 2°d City Council Meeting to present this information and discuss any information you have concerning your project. Sincerely, BOLTON & MENK, INC. Adam Nafstad, P. E. Albertville Engineer cc: Tina Lannes — Albertville Finance Director; Michael Couri — City Attorney Enclosures 1) Engineer's Estimate 2) Cost Apportionment Option 3) Construction Plans 27 This page left blank on purpose. 28 C, Cal •> cn kn rq c-, r, � Iq:" C7, 1:7; kR �n, ri C'j C4 64 0 r65 LU C, In Cl*) W, LL CL. Cl tm f—A W4 qm wtr 44 10 4-,) w im LU 0 6 6 6 6 6 Ul :1 06 n uj uj a r1l UJ giros 8 uj ui UJ W uj L!7i uj Ll uj CL Hi cc w uj C� or ru G') I fyl I- w w I 5,6 6 " U� 0 lu u lu C, '."Cl m =X) , O�r o 0 IWL U- W UJ 0 Lu v e tu m 5 ui >- tu UJ 0 00 0 i 1 ic 0 6 0 Lu �- 0 UJ F- � E F- UJ -W, " , CC I LU Pw w > I * 1 � 8619 z in a 101 A 0 rr. LU Q! 1 Z- go CA 949 X. S6 LA) 4 Lij L aL ilz 0 2 LM wj d La mi CD n in A. :i3 �i o 'd LL Z LU CL LA) cr cr A c-, Ed A d d F- lcxl — cc kx L-U LU Lu Lu) LLI LL LAI LU N M f G i. .. r s% :� �..i 4n CJ .®+ �r t. CITY OF ALBERTVILLE COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2007-xx RESOLUTION ACCEPTING THE FEASIBILITY STUDY FOR LACHMAN AVENUE NE IMPROVEMENTS WHEREAS, the Albertville City Council has received feasibility study prepared by the City Engineer related to the cost to construct that portion of Lachman Avenue NE south of 60d' Street and north of the north line of the plat of LaBeaux Station in the City of Albertville; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALBERTVILLE, WRIGHT COUNTY, MINNESOTA: 1. The Engineer's feasibility study is hereby received and accepted by the Albertville City Council. ADOPTED BY THE CITY COUNCIL OF THE CITY OF ALBERTVILLE THIS 2°d DAY OF JULY, 2007. Ron Klecker, Mayor ATTEST: Bridget Miller, Clerk 33 Feasibility Study for Lachman Avenue Extension City of Albertville, Minnesota May 27, 2005 BNE Project No. T15.21652 MANKATO, MN • FAIRMONT, MN • SLEEPY EYE, MN • BURNSVILLE, MN • WILLMAR, MN • CHASKA, MN • AMES, IA www. bolton-menk.com An Equal Opportunity Employer BO t_TON & M I N K, I N C_ Consulting Engineers & Surveyors 2638 Shadow Lane, Suite 200 • Chaska, MN 55318-1172 Phone (952) 448-8838 • FAX (952) 448-8805 May 27, 2005 I Mr. Larry Kruse, City Administrator City of Albertville 5975 Main Avenue NE, P.O. Box 9 Albertville, MN 55301-0009 Re: Feasibility Study Lachman Avenue Extension Honorable Mayor and City Council Members: Pursuant to your request, we have prepared a feasibility study for the Lachman Avenue Extension. We have included maps indicating the proposed improvements and estimated costs. I will be at your June 6 h City Council meeting to present this report. Respectfully Submitted, BOLTON & MENK, INC. CIW. Kk-- Mark D. Kasma, P.E. Albertville City Engineer MDK/dlp Enclosures MANKATO, MN • FAIRMONT, MN • SLEEPY EYE, MN • BURNSVILLE, MN • WILLMAR, MN • CHASKA, MN • AMES, IA www.bolton-menk.com An Equol Opportunity Employer Feasibility Study for Lachman Avenue Extension City of Albertville, Minnesota May 27, 2005 BMI Project No. T15.21652 Feasibility Study for Lachman Avenue Extension City of Albertville Albertville, MN I hereby certify that this plan, specification or report was prepared by me or under my direct supervision, and that I am a duly Licensed Professional Engineer under the laws of the State of Minnesota. BY b � Mark D. Kasma, P.E. License No. 21282 Date: S/Z7 /o S Summary and Conclusions: The following provides a summary of the information contained within the report and conclusions drawn from the information: 1. All improvements addressed within this report are feasible from a technical standpoint. In addition, the improvements are necessary to provide adequate transportation facilities and municipal services to the project area, and represent cost effective solutions for doing SO. 2. The proposed project consists of constructing a bituminous street, watermain and storm sewer facilities from existing Lachman Avenue at 60th Street N.E. southerly to the north plat line of the proposed LaBeaux Station Plat. 3. The proposed extension will be across private property, platted as Barthel Commercial Park Second Addition, on which no right-of- way currently exists. There is an existing 60 foot wide utility easesment running southerly from the intersection of 60`h Street N.E. and Lachman Avenue to 57`h Street N.E. centered on a 12- inch sanitary sewer line. 4. The total estimated project costs are apportioned as follows: ITEM TOTAL PROJECT COST Street Construction: $304,600 Storm Sewer: $ 28,300 Watermain: 48,000 Total Estimated Project Cost: $380,900 I. Project Background The impetus of this report is a request from the City of Albertville to evaluate the feasibility of extending Lachman Avenue from 60th Street N.E. to the north plat line of the proposed plat, LaBeaux Station, a distance of 525 feet. Drawing No. 1 indicates the proposed project area. As a condition of approval, the developer of this plat would be required to complete the extension of Lachman Avenue through the plat to 57th Street N.E., an additional distance of 412 feet. Existing Lachman Avenue was extended to 60th Street N.E. and 60th Street N.E. was extended to Lachman Avenue by the developer of Don's Bus Service (6000 LaBeaux Avenue N.E.) in 1997-98. Lachman Avenue was constructed to a width of 45 feet (back of curb to back of curb) with surmountable curbing. In addition, storm sewer was extended from the site paralleling Lachman Avenue to 60th Street N.E. and street catch basins added at the northwest, southwest and southeast quadrants of this intersection. A 30-inch HDPE storm sewer was constructed in a southerly direction from the southeast catch basin a distance of 165 feet, where it outlets to a stormwater treatment pond that was also constructed by the developer. This treatment pond was constructed adjacent to the delineated wetland and it outlets to the wetland, which then drains north via an 18-inch HDPE storm sewer which was constructed by the developer. II. Current Conditions As part of this report, the wetland that would be impacted by the extension of Lachman Avenue was delineated and surveyed by Bolton & Menk staff. While this recent wetland delineation conforms closely with that done in 1997, there is now an area of fill immediately south of 60th Street N.E., along the alignment of the proposed Lachman Avenue extension. The fill area extends south approximately 120 feet and is about 9 feet above natural grade at its high point. The wetland edge is approximately 150 feet south of 60th Street N.E. and extends southerly onto the proposed LaBeaux Station plat. There is an 8-inch watermain under Lachman Avenue which is stubbed out a short distance south of 60th Street N.E. There is also a 12-inch trunk sanitary sewer under Lachman Avenue which continues southerly at a depth of about 20 feet. There is an existing 60 foot wide utility easement over this trunk sewer which extends to 57th Street N.E. through the proposed LaBeaux Station plat. Proposed Lachman Avenue intersects 57t Street N.E. at a point that aligns with an existing commercial driveway on the south side of 57' Street N.E. II�IIIIII � 11 M!...1�� IIi111I11� �� ♦ �I� ' A■■■i ��� �r�isr■�r�1� .41 NAwas i��i •�� r■rrrrrrrr� i ■1 NJ WE clip ■ .ice 1.� ■� ��Ij�1 �'�t �■ • ■ ii� jIlllll�lllltill it in �I/IIi11111 �11�� ■ 1�1�fr�� ����!Boom ppd OmiiCITY OF �� ■'I.,�i��.�' - - TVILLE _ .. Consulting Engineers & Surveyors LACHMAN AVE. IMPROVEMENTS�� MANKATO, MIN FAIRMONT, MN SLEEPY EYE, MIN MLLMAR, MN VICINITY MAP 2005DRAWING NO. W Z BARTHEL COMMERCIAL PARK FIRST ADDITION g � I D 120 FEET I 60TH ST NE BARTHEL COMMERCIAL PARK u 1 SECOND ADDITION OUTLOT A i PROPOSER 80' ROW — 45' B—B i i i i i EXISTING SANITARY SEWER EASEMENT i l i i i i i i W i i LABEAUX STATION \\\\\\ f LEGEND EXIST. EASEMENT 1 2 EXIST. POND 2 I ( 2 EXIST. C&G — — EXIST. WETLAND Q PROP. ROW I PROP. C&G B LTO N 8� M E N K INC. CITY OF ALBERTVILLE Consulting Engineers & Surveyors LACHMAN AVE. IMPROVEMENTS MANKATO. MN FAIRMONT, MN SLEEPY EYE, MN MU -MAR, MN PROPOSED STREET & ROW BURNSVILLE, MN cHASKA MN AMES, IA MAY, 2005 DRAWING NO. 2 H:\ALBT\T1521652\21652FEAS.OWG BARTHEL Q COMMERCIAL PARK FIRST ADDITION g i I 0 120 I FEET 60TH ST NE I BARTHEL- COWERC-IAL PARK — SECOND ADDITION r OUTLOT A � r _ RIGOHT O D WAY r r r LABEAUX STATION LEGEND 2 EXIST. POND 2 I 2 EXIST. STORM SEWER -� EXIST. WETLAND PROP. STORM SEWER �---�- PROP. POND EXPANSION B O LTO N 8L M E N K. INC. CITY OF ALBERTVILLE Consulting Engineers do Surveyors LACHMAN AVE. IMPROVEMENTS MANKATO, MN FAJRMONT, MN SLEEPY EYE, MN WILLMAR. MN PROPOSED STORM SEWER BURNSVILLE, MN CHASKA, MN AMES, I.A. MAY, 2005 DRAWING N0. 3 H:\X BT\T1521652\21652FFAS.DWG ,r LU Q i■` BARTHEL COMMERCIAL3 PARK ADDITION = 15 0 120 I Fxr 1 60TH ST NE � � 1 BARTHEL COMMERCIAL PARK / SECOND ADDITION / OUTLOT A /R� OPOOFDWAY LABEAUX STATION 1 2 EXIST. LEGEND WATERMAIN 2 1 2 PROP. WATER VALVE PROP. HYDRANT PROP. WATERMAIN E3 O LLTO IV 8,- M E N K. 1 N C. Consulting Engineers & Surveyors MANKATO, UN FAIRMONT. MN SLEEPY EYE, MN WILLMAR, MN BURNSVILLE, MN CHASKA, MN AMES, IA CITY OF ALBERTVI LLE LACHMAN AVE. IMPROVEMENTS PROPOSED WATERMAIN MAY, 2005 DRAWING NO. 4 H:\ALBT\T1521652\21652FEAS.OWG III. Geotechnical Information As a part of the required geotechnical data obtained for the proposed LaBeaux Station plat, an additional soil boring was taken midway between this north plat line and 60th Street N.E. within the wetland. The results of this soil boring indicated poor soils to a depth of 14 feet. The soils consultant is recommending subcutting through the wetland and backfilling with a minimum of 2.5 feet of sand over a geotextile fabric. IV. Proposed Improvements Lachman Avenue would be extended as a 44-foot vide (face of curb to face of curb) bituminous roadway from its existing terminus at 601h Street N.E. and align with Lachman Avenue, as proposed through the LaBeaux Station Plat (refer to Drawing No. 2). This will require a westerly shift of 147 feet, which will be accomplished by designing two horizontal curves into the proposed alignment. While Lachman Avenue north of 60'' Street N.E. has surmountable curb and gutter, straight -back curb and gutter, B618 is proposed for the extension. The `B" type curb is preferable when there are either known access points or none anticipated. Due to the wetland, through which most of the extension will be constructed, it is probable that no future accesses will need to be constructed along this section of roadway. In addition, the proposed LaBeaux Station plat has B618 curb and gutter for Lachman Avenue, as their access points are included in the preliminary plan. In accordance with the soils consultant's analysis and recommendation, a 3-foot subcut is recommended through the wetland, backfilled with 3 feet of sand over geotextile fabric. The pavement section would include 8-inches of class 5 aggregate over the sand, along with 5.5-inches of bituminous pavement to meet the City's 9-ton design requirement. The vertical alignment of the proposed roadway would include one low point where stormwater can be collected. This runoff would then be piped easterly in an 18-inch reinforced concrete pipe (RCP) to the existing treatment pond as shown in Drawing No. 3. The volume of this pond will need to be increased slightly to accommodate the additional runoff from the roadway. A separate 24- inch RCP culvert would be required to provide for the wetland drainage from west to east under Lachman Avenue. A portion of the existing 30-inch HDPE storm sewer along the east side of the proposed Lachman Avenue extension may need to be removed and re -installed as a part of the roadbed construction. Utility improvements include extension of the existing 8-inch water -main as indicated in Drawing No. 4. There are existing water service stubs to the property west of Lachman Avenue off of 60`h Street N.E., so additional services should not be needed. There is an existing 12-inch sanitary sewer running north/south, as well as a 12-inch line extending to the west through the wetland, both of which 2 could be used for service, as necessary. There is also an 8-inch sanitary sewer under 60`h Street N.E., which could provide service. V. Wetland Impacts Wetland impact cannot be avoided with the Lachman Avenue extension. It will impact approximately 0.9 acres, which will require 1.8 acres of mitigation. The required wetland process will be followed, in accordance with the Wetland Conservation Act. It is recommended that the City purchase wetland credits through the Minnesota Board of Water and Soil Resources, rather than purchasing upland for the required mitigation. The current purchase price of wetland credits through the BWSR is $4,930 per acre to Public Transportation Authorities. VI. Right -of -Way and Easement Needs The proposed extension of Lachman Avenue would require obtaining 80 feet of right-of-way from the owner of the property, Barthel Commercial Park Second Addition. The total area of right-of-way needed to accommodate the 525-foot long extension would be 0.96 acres. In addition, a utility easement would be necessary for the storm sewer extension to the treatment pond. The expansion of the treatment pond may also necessitate obtaining a drainage and utility easement for ponding. Temporary easements will also likely be necessary for construction purposes. VII. Project Costs The total preliminary project cost is estimated to be $380,900 which includes construction, contingencies, engineering and legal, fiscal and administrative costs. Any right-of-way or easement costs are not included. ITEM Street Construction: Storm Sewer: Watermain: TOTAL PROJECT COST $304,600 $ 28,300 48,000 Total Estimated Project Cost: $380,900 tj APPENDIX A Itemized Cost Estimate PRELIMINARY COST ESTIMATE FOR LACHMAN AVENUE NE EXTENSION CITY OF ALBERTVILLE, MINNESOTA May 2005 ITEM Common Excavation Subgrade Excavation Geotextile Fabric Select Granular Borrow Class 5 Aggregate Base Bituminous Base Course Bituminous Wear Course B618 Curb and Gutter Seed and Fiber Blanket Topsoil Borrow Sit Fence Wetland Mitigation (Purchase Credits) Remove Curb ITEM STORM SEWER: 48" Structure 18" RCP 24' RCP 18' Flared End 24" Flared End Draintile Rip Rap Pond Expansion Seed and Fiber Blanket Topsoil Borrow Silt Fence WATERMA/N: 8" PVC Watermain 6" PVC Hydrant Lead Hydrant 8" Gate Valve 6' Gate Valve Connect to Existing Watermain Fittings Aggregate Bedding Bituminous Patch: Select Granular Borrow Class 5 Aggregate Base Bituminous Base Course Bituminous Wear Course QUANTITY UNIT COST/UNIT TOTAL COST 1800 CY $7.00 $12,800.00 3300 CY $8.00 $26,400.00 3300 SY $1.50 $4,950.00 4700 CY $20.00 $94,000.00 1400 TON $12.00 $16,B00.00 570 TON $32.00 $18,240.00 2415 SY $3.26 $7,848.75 1060 LF $8.00 $8,480.00 1050 SY $3.00 $3,150.00 175 CY $18.00 $3,150.00 1250 LF $2.00 $2,500.00 1.8 ACRE $4,930.00 $8,874.00 60 LF $5.00 $250.00 Subtotal $207,242.75 5 % Mobilization $10,362.14 Total Construction $217,804.89 Contingency $21,760.49 Engineering $43,520.98 Legal, Fiscal, and Administration $21,760.49 Total Project Cost $304,646.64 QUANTITY UNIT COST/UNIT TOTAL COST 3 EACH $1,200.00 $3,600.00 115 LF $27.00 $3.105.00 60 LF $40.00 $2,400.00 1 EACH $1,200.00 $1,200.00 2 EACH $1,500.00 $3,000.00 200 LF $12.00 $2.400.00 15 CY $45.00 $675.00 160 CY $7.00 $1,120.00 200 SY $3.00 $600.00 40 CY $18.00 $720.00 200 LF $2.00 $400.00 Subtotal $19,220.00 5 % Mobilization $961.00 Total Construction $20,181.00 Contingency $2,018-10 Engineering $4,036.20 Legal, Fiscal, and Administration $2,018.10 Total Project Cost $28,253.40 580 LF $30.00 $18,800.00 20 LF $20.00 $400.00 1 EACH $2.000.00 $2,000.00 2 EACH $850.00 $1.700.00 1 EACH $650.00 $650.00 2 EACH $2,500.00 $5,000.00 9W LBS $2.00 $1,800.00 50 TONS $12.00 $600.00 45 CY $25.00 $1,125.00 45 TONS $15,00 $675.00 20 TONS $40.00 $800.00 90 SY $12.00 $1,080.00 Subtotal $32,630.00 5% Mobilization $1,631.60 Total Construction $34,281.50 Contingency $3,426.15 Engineering $6,852.30 Legal, Fiscal, and Administration $3,428-15 Total Project Cost $47,966.10 ! 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I v v z Igo Ao cl. -4 CD U) IV mC =I EA ZE A >2 MOm -Pge"I. I �j,, OT4 co�55�z T Z. S 02 it (n 2 191zi zt r o Bo ;v rk 0 I Z.. 0) PM FzZE2 rn lm�m r. ulOAK* I C." 10 0 ICA IMMUMMON1111 Mimi I 77] This page left blank on purpose. 34 CITY OF ALBERTVILLE COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2007-xx RESOLUTION ORDERING LACHMAN AVENUE IMPROVEMENT WHEREAS, the Albertville City Council has received a feasibility study for the construction of a Lachman Avenue from 60d' Street south to the north line of the LaBeaux Station plat in the City of Albertville; and WHEREAS, notice of the public hearing held on July 2, 2007 was properly mailed and published according to the requirements of Minnesota Statutes Chapter 429; and WHEREAS, the City has previously approved plans and specifications for this project; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALBERTVILLE, WRIGHT COUNTY, MINNESOTA: 1. Such improvement is hereby approved and ordered. 2. The City Engineer is directed to prepare plans and specifications for this project. ADOPTED BY THE CITY COUNCIL OF THE CITY OF ALBERTVILLE THIS 2►,d DAY OF JULY, 2007. Ron Klecker, Mayor ATTEST: Bridget Miller, Clerk 35 CITY OF ALBERTVILLE COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2007-xx RESOLUTION APPROVING PLANS AND SPECIFICATIONS AND ORDERING ADVERTISEMENT FOR BIDS WHEREAS, the Albertville City Council has ordered plans and specifications for the construction of that portion of Lachman Avenue south of 60d' Street and north of the north line of the plat of LaBeaux Station in the City of Albertville; and WHEREAS, the City Engineer has prepared such plans and specifications; NOW, THEREFORE, BE IT RESOLVED BY THE ALBERTVILLE CITY COUNCIL, WRIGHT COUNTY, MINNESOTA: 1. Such plans and specifications are hereby approved. 2'. The City Administrator and Engineer are hereby directed to advertise for bids for said project as required by Minnesota Statues Chapter 429. No bids will be considered unless sealed and filed with the Administrator and accompanied by a cash deposit, cashiers check, bid bond or certified check payable to the City for five percent (5%) of the amount bid. ADOPTED BY THE CITY COUNCIL OF THE CITY OF ALBERTVILLE THIS 2°d DAY OF JULY, 2007. Ron Klecker, Mayor ATTEST: Bridget Miller, Clerk 37 This page left blank on purpose. ku., Extract of Minutes of Meeting of the City Council of the City of Albertville, Wright County, Minnesota Pursuant to due call and notice thereof a regular meeting of the City Council of the City of Albertville, Wright County, Minnesota, was held at the City Hall in the City on Monday, July 2, 2007, commencing at 7:00 P.M. The following members of the Council were present: and the following were absent: The following resolution was presented by Councilmember , who moved its adoption: RESOLUTION NO. RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF APPROXIMATELY $4,115,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2007A BE IT RESOLVED By the City Council of the City of Albertville, Wright County, Minnesota (the "City") as follows: 1. It is hereby determined that: (a) the following assessable public improvements (the "Improvements") have been made, duly ordered or contracts let for the construction thereof, by the City pursuant to the provisions of Minnesota Statutes, Chapter 429 (the "Act"): 39 Project Designation & Description: CSAH 19, Latchman Development, Industrial Park, and Storm Water Ponds Improvements Project Construction Fund Underwriter's Discount Costs of Issuance Rounding Amount Total * Includes Storm Water Funds of $260,000. Total Project Cost $4,281,901.00 51,437.50 38,670.00 2,991.50 $4,375,000.00 (b) it is necessary and expedient to the sound financial management of the affairs of the City to issue approximately $4,115,000 General Obligation Improvement Bonds, Series 2007A (the "Bonds") pursuant to the Act to provide financing for the Improvements. 2. To provide financing for the Improvements, the City will issue and sell Bonds in the amount of $ . The excess of the purchase price of the Bonds over the sum of $ will be credited to the debt service fund for the Bonds, except to the extent otherwise provided in the resolution awarding sale of the Bonds. The Bonds will be issued, sold and delivered in accordance with the terms of the following Notice of Sale: (The remainder of this page is intentionally left blank.) M NOTICE OF SALE $4,115,000' GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2007A CITY OF ALBERTVILLE (WRIGHT COUNTY), MINNESOTA (Book -Entry Only) NOTICE IS HEREBY GIVEN that these Bonds will be offered for sale according to the following terms: TIME AND PLACE: Proposals will be opened by the Finance Director, or designee, on Thursday, July 26, 2007, at 10:00 A.M., Central Time, at the offices of Northland Securities, Inc., 45 South 7d' Street, Suite 2500, Minneapolis, Minnesota 55402. Consideration of the proposals for award of the sale will be by the City Council at its meeting at the City Offices beginning Thursday, July 26, 2007 at 7:00 P.M. SUBMISSION OF PROPOSALS: Proposals may be: a)submitted to the office of Northland Securities, Inc., b) faxed to Northland Securities, Inc. at 612/851.5917, c)for proposals submitted prior to the sale, the final price and coupon rates may be submitted to Northland Securities, Inc. by telephone at (612) 851-5900, or d) submitted electronically. Notice is hereby given that electronic proposals will be received via PARITYTM, in the manner described below, until 10:00 A.M., local time on July 26, 2007. Bids may be submitted electronically via PARITYTM pursuant to this Notice until 10:00 A.M., local time, but no bid will be received after the time for receiving bids specified above. To the extent any instructions or directions set forth in PARITYTM conflict with this Notice, the terms of this Notice shall control. For further information about PARITYTM' potential bidders may contact Northland Securities, Inc. or i-deal® at 1359 Broadway, 2nd floor, New York, NY 10018, telephone 212/849.5021. Neither the City nor Northland Securities, Inc. assumes any liability if there is a malfunction of PARITYTM. 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 in which the proposal is submitted. The City reserves the right to increase or decrease the principal amount of the Bonds. Any such increase or decrease will be made in multiples of $5,000 and may be made in any maturity. If any maturity is adjusted, the purchase price will also be adjusted to maintain the same gross spread. 41 BOOK -ENTRY SYSTEM: The Bonds will be issued by means of a book -entry system with no physical distribution of bond certificates made to the public. The Bonds will be issued in fully registered form and one bond certificate, representing the aggregate principal amount of the Bonds maturing in each year, will be registered in the name of Cede & Co. as nominee of 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 City through Northland Trust Services Inc., (the "Paying Agent/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 successful proposal maker, as a condition of delivery of the Bonds, will be required to deposit the bond certificates with DTC. The City will pay reasonable and customary charges for the services of the Paying Agent/Registrar. DATE OF ORIGINAL ISSUE OF BONDS: August 1, 2007 AUTHORITY/PURPOSE: The Bonds are being issued pursuant to Minnesota Statutes, Chapters 429 and 475, as amended. Proceeds will be used to fund various public infrastructure improvements within the City. INTEREST PAYMENTS: August 1, 2008, and semiannually thereafter on February 1 and August 1 to registered owners of the Bonds appearing of record in the bond register as of the close of business on the fifteenth day (whether or not a business day) of the immediately preceding month. MATURITIES: February 1, inclusive, in each of the years and amounts as follows: Year Amount Year Amount 2009 $125,000 2017 $285,000 2010 215,000 2018 300,000 2011 225,000 2019 310,000 2012 235,000 2020 330,000 2013 245,000 2021 335,000 2014 255,000 2022 350,000 2015 260,000 2023 370,000 2016 275,000 42 Proposals for the Bonds may contain a maturity schedule providing for any combination of serial bonds and term bonds, subject to mandatory redemption, so long as the amount of principal maturing or subject to mandatory redemption in each year conforms to the maturity schedule set forth above. INTEREST RATES: All rates must be in integral multiples of 1/20th or 1/8th of 1%. Rates must be in level or ascending order. No limitation is placed upon the number of rates which may be used. All Bonds of the same maturity must bear a single uniform rate from date of issue to maturity. ADJUSTMENTS TO PRINCIPAL AMOUNT AFTER PROPOSALS: The City reserves the right to increase or decrease the principal amount of the Bonds. Any such increase or decrease will be made in multiples of $5,000 and may be made in any maturity. If any maturity is adjusted, the purchase price will also be adjusted to maintain the same gross spread. Such adjustments shall be made promptly after the sale and prior to award of bids by the City and shall be at the sole discretion of the City. The successful bidder may not withdraw or modify its bid once submitted to the City for any reason, including post bond adjustment. Any adjustment shall be conclusive and shall be binding upon the successful bidder. REDEMPTION: Bonds are subject to redemption and prepayment at the option of the City on February 1, 2015 (2016 through 2023 maturities), and on any date thereafter at par. Redemption may be in whole or in part. If redemption is in part, the maturity and the principal amounts within each maturity to be redeemed shall be determined by the City and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. 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 shall constitute cause for a failure or refusal by the successful bidder thereof to accept delivery of and pay for the Bonds in accordance with terms of the purchase contract. The CUSIP Service Bureau charge for the assignment of CUSIP identification numbers shall be paid by the successful bidder. 43 DELIVERY: Within forty days after award subject to approving legal opinion by Kennedy & Graven, Chartered, Bond Counsel. Legal opinion will be paid by the City and delivery will be anywhere in the continental United States without cost to the successful bidder at DTC. TYPE OF PROPOSAL: Proposals of not less than $4,063,562.50 (98.75%) and accrued interest on the principal sum of $4,115,000 must be filed with the undersigned prior to the time of sale. Proposals must be unconditional except as to legality. A certified or cashier's check (the "Deposit") in the amount of $82,300, payable to the order of the Finance Director of the City, or a Financial Surety Bond complying with the provisions below, must accompany each proposal, to be forfeited as liquidated damages if proposal maker fails to comply with accepted proposal. Proposals for the Bonds should be delivered to Northland Securities, Inc. and addressed to: Tina Lannes, Finance Director City of Albertville 5959 Main Avenue NE Albertville, Minnesota 55301-0009 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 Northland Securities, Inc. prior to the opening of the proposals. The Financial Surety Bond must identify each proposal maker whose Deposit is guaranteed by such Financial Surety Bond. If the Bonds are awarded to a proposal maker using a Financial Surety Bond, then that successful bidder is required to submit its Deposit to Northland Securities, Inc. in the form of a certified or cashier's check or wire transfer as instructed by Northland Securities, Inc. 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 successful bidder, the amount of which will be deducted at settlement and no interest will accrue to the successful bidder. In the event the successful bidder fails to comply with the accepted proposal, said amount will be retained by the City. No proposal can be withdrawn 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. 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. In the event of a tie, the sale of the Bonds will be awarded by lot. 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. INFORMATION FROM SUCCESSFUL BIDDER: The successful bidder will be required to provide, in a timely manner, certain information relating to the initial offering price of the Bonds necessary to compute the yield on the Bonds pursuant to the provisions of the Internal Revenue Code of 1986, as amended. OFFICIAL STATEMENT 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 copies of the Final Official Statement. CONTINUING DISCLOSURE: The City will covenant in the resolution awarding the sale of the Bonds and in a Continuing Disclosure Undertaking to provide, or cause to be provided, annual financial information, including audited financial statements of the City, and notices of certain material events, as required by SEC Rule 15c2-12. BANK QUALIFICATION: The City will designate the Bonds as qualified tax-exempt obligations for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. (remainder of this page intentionally left blank) ER BOND INSURANCE AT UNDERWRITER'S OPTION: If the Bonds qualify for issuance of any policy of municipal bond insurance or commitment therefor at the option of the successful bidder, the purchase of any such insurance policy or the issuance of any such commitment shall be at the sole option and expense of the successful bidder of the Bonds. Any increase in the costs of issuance of the Bonds resulting from such purchase of insurance shall be paid by the successful bidder, 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 successful bidder. Failure of the municipal bond insurer to issue the policy after the Bonds have been awarded to the successful bidder shall not constitute cause for failure or refusal by the successful bidder to accept delivery on the Bonds. The City reserves the right to reject any and all proposals, to waive informalities and to adjourn the sale. Dated: July 2, 2007 BY ORDER OF THE ALBERTVILLE CITY COUNCIL /s/ Tina Lannes Finance Director Additional information may be obtained from: Northland Securities, Inc. 45 South 71h Street Suite 2500 Minneapolis, Minnesota 55402 Telephone No.: (612) 851-5900 46 3. Northland Securities, Inc. is authorized and directed to negotiate the Bonds in accordance with the foregoing Notice of Sale. The City Council will meet at 7:00 P.M. on Thursday, July 26, 2007, to consider proposals on the Bonds and take any other appropriate action with respect to the Bonds. 4. The law firm of Kennedy & Graven, Chartered, as bond counsel for the City, is authorized to act as bond counsel and to assist in the preparation and review of necessary documents, certificates and instruments relating to the Bonds. The officers, employees and agents of the City are hereby authorized to assist Kennedy & Graven, Chartered in the preparation of such documents, certificates, and instruments. (The remainder of this page is intentionally left blank.) 47 The motion for the adoption of the foregoing resolution was duly seconded by Councilmember , and upon vote being taken thereon the following members voted in favor of the motion: and the following voted against: whereupon the resolution was declared duly passed and adopted. 11• STATE OF MINNESOTA ) COUNTY OF WRIGHT ) CITY OF ALBERTVILLE ) I, the undersigned, being the duly qualified and acting City Clerk of the City of Albertville, Minnesota, hereby certify that I have carefully compared the attached and foregoing extract of minutes of a regular meeting of the City Council of the City held on Monday, July 2, 2007, with the original minutes on file in my office and the extract is a full, true and correct copy of the minutes, insofar as they relate to the issuance and sale of approximately $4,115,000 General Obligation Improvement Bonds, Series 2007A of the City. WITNESS My hand as City Clerk and the corporate seal of the City this day of 2007. (SEAL) City Clerk City of Albertville, Minnesota This page left blank on purpose. 50 FOR CITY OF ALBERTVILLE, MINNESOTA $4,115,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2007A NORTHLAND SECURITIES 45 South 7h Street Suite 2500 Minneapolis, MN 55402 612-851-5900 800-851-2920 June 27, 2007 City of Albertville, Minnesota $4,115,000 General Obligation Improvement Bonds, Series 2007A Financing Overview: The Bonds will be issued pursuant to Minnesota statutes 475 and 429 to fund various public improvement projects within the City including CSAH 19, Lachman Development, 52nd Street / Industrial Park and Storm Water Ponds. The City's total combined cost of the projects is $4,281,901. The net financing requirement is $4,115,000 inclusive of all financing costs. The estimated fifteen year debt service structure is shown as Exhibit A. The total principal and interest structure assumes a current average market interest rate of 4.33% and is structured to achieve a level annual payment. The total estimated sources and uses are as follows: CSAH 19 Lachman Development Industrial Park Storm Water Ponds Issue Summary Sources Of Funds Par Amount of Bonds $1,650,000.00 $550,000.00 $1,115,000.00 $800,000.00 $4,115,000.00 Storm Water Funds 260,000.00 260,000.00 Total Sources $1,650,000.00 $550,000.00 $1,115,000.00 $1,060,000.00 $4,375,000.00 Uses Of Funds Total Underwriter's Discount (1.250%) 20 625.00 6,875.00 13 937.50 10 000.00 51,437.50 Costs of Issuance 15,505.59 5,168.53 10,478.02 7,517.86 38,670.00 Deposit to Project Construction Fund 1,611,926.00 538,975.00 1,087,000.00 1,044,000.00 4,281,901.00 Rounding Amount 1,943.41 (1,018.53) 3,584.48 (1,517.86) 2,991.50 Total Uses $1,650,000.00 $550,000.00 $1,115,000.00 $1,060,000.00 $4,375,000.00 Page 2 NORTHLANDSECURITIES Summary of Recommended Terms: 1. Type of Bond Sale Public Offering - Sealed Bids 2. Proposals Received Monday July 30, 2007 @ 11:00 A.M. 3. Council Consideration Monday July 30, 2007 @ 7:00 P.M (Special Meeting) 4. Repayment Term The Bonds will mature annually each February 1, 2009 - 2023. Interest on the Bonds will be payable on August 1, 2008 and semiannually thereafter on each February 1 and August 1. 5. Security General obligation of the City. In addition, special assessments totaling $3,710,000 will be pledged to the repayment of the bonds. The assessments are expected to be filed in the fall of 2007 for first collection in 2008 over a term of 15 years at approximately 6.50%. The City does not expect to need a debt service tax levy. 6. Prepayment Option The Bonds maturing February 1, 2017 - 2023 will be subject to prepayment on February 1, 2015 at a price of par plus accrued interest. 7. Tax Status Kennedy & Graven, Minneapolis, 8. Credit Enhancement We believe a credit rating will be cost beneficial. The City's general obligation debt is currently rated A2 by Moody's Investors Service. In addition, we will submit the City's credit information to the AAA bond insurers for qualification. Page 3 aiw NORTHLAND SECURITIES Related Considerations: • Bank Qualified - because total tax-exempt debt issued by the City in calendar year 2007 is expected to be less than $10.OM, the bonds will be designated as "bank qualified" obligations pursuant to Federal Tax Law. The impact of this designation may result in slightly lower interest rates since banking institutions will be interested in purchasing the bonds. We have adjusted the estimated interest rates accordingly. • Arbitrage Compliance - o Project / Construction Fund — All tax exempt issues are subject to federal rebate requirements which require all arbitrage earned to be rebated to the U.S. Treasury. A rebate exemption the City expects to qualify for is the "small issuer exemption' because the City expects to issue less than $S.OM of tax exempt bonds, including any 501 C 3 conduit financings, in calendar year 2007. o Debt Service Fund — The City must maintain a bona fide debt service fund for the bonds or be subject to yield restriction in the debt service fund. A bona fide debt service fund involves an equal matching of revenues to debt service expense with a balance forward permitted equal to the greater of the investment earnings in the fund during that year or 1/12 of the debt service of that year. The City should become familiar with the various Arbitrage Compliance requirements for this bond issue. The Bond Resolution explains the requirements in greater detail. We are also available to assist the City in meeting these requirements. • Book Entry - The Bonds will be global book entry with a bank designated as the paying agent. As "paperless" bonds, you will avoid the cots of bond printing and annual registrar charges. The Paying Agent will invoice you for the interest semiannually and on an annual basis for the principal coming due. You will be charged only for paying agent/transfer agent services provided by the bank. This cost of services has been capitalized into the bond issue. • Continuing Disclosure - Because this issue is greater than $1,000,000, and the City's outstanding debt exceeds $10.OM, it is subject to the Securities and Exchange Commission's continuing disclosure requirements. Northland Securities is prepared to assist the City in this capacity. Page 4 NORTHLAND SECURITIES EXHIBIT A Debt Service Schedule Date Principal Coupon Interest Total P+I Fiscal Total 08/01 /2007 - - 08/01/2008 - - 174,955.00 174,955.00 - 02/01/2009 125,000.00 3.850% 87,477.50 212,477.50 387,432.50 08/01/2009 - - 85,071.25 85,071.25 - 02/01/2010 215,000.00 3.950% 85,071.25 300,071.25 385,142.50 08/01/2010 - - 80,825.00 80,825.00 - 02/01/2011 225,000.00 4.000% 80,825.00 305,825.00 386,650.00 08/01/2011 - - 76,325.00 76,325.00 - 02/01/2012 235,000.00 4.000% 76,325.00 311,325.00 387,650.00 08/01/2012 - - 71,625.00 71,625.00 - 02/01/2013 245,000.00 4.100% 71,625.00 316,625.00 388,250.00 08/01/2013 - - 66,602.50 66,602.50 - 02/01/2014 255,000.00 4.100% 66,602.50 321,602.50 388,205.00 08/01/2014 - - 61,375.00 61,375.00 - 02/01/2015 260,000.00 4.250% 61,375.00 321,375.00 382,750.00 08/01/2015 - - 55,850.00 55,850.00 - 02/01/2016 275,000.00 4.200% 55,850.00 330,850.00 386,700.00 08/01/2016 - - 50,075.00 50,075.00 - 02/01/2017 285,000.00 4.250% 50,075.00 335,075.00 385,150.00 08/01/2017 - - 44,018.75 44,018.75 - 02/01/2018 300,000.00 4.300% 44,018.75 344,018.75 388,037.50 08/01/2018 - - 37,568.75 37,568.75 - 02/01/2019 310,000.00 4.350% 37,568.75 347,568.75 385,137.50 08/01/2019 - - 30,826.25 30,826.25 - 02/01/2020 330,000.00 4.400% 30,826.25 360,826.25 391,652.50 08/01/2020 - - 23,566.25 23,566.25 - 02/01/2021 335,000.00 4.450% 23,566.25 358,566.25 382,132.50 08/01/2021 - - 16,112.50 16,112.50 - 02/01/2022 350,000.00 4.450% 16,112.50 366,112.50 382,225.00 08/01/2022 - - 8,325.00 8,325.00 - 02/01/2023 370,000.00 4.500% 8,325.00 378,325.00 386,650.00 Total $4,115,000.00 - $1,678,765.00 $5,793,765.00 - Date And Term Structure Dated 8/01 /2007 Delivery Date 8/01/2007 First Coupon Date 8/01/2008 First available call date 2/01/2015 Call Price 100.0000000% Yield Statistics Bond Year Dollars $38,742.50 Average Life 9.415 Years Average Coupon 4.3331354% Net Interest Cost (NIC) 4.4659031% True Interest Cost (TIC) 4.4858757% All Inclusive Cost (AIC) 4.6151391% Page 5 NORTHLAND SECURITIES FINANCIAL ADVISORY SERVICE AGREEMENT BY AND BETWEEN THE CITY OF ALBERTVILLE, MINNESOTA NORTHLAND SECURITIES, INC. This Agreement made and entered into by and between the City of Albertville, Minnesota (hereinafter "City") and Northland Securities, Inc., of Minneapolis, Minnesota (hereinafter "NSI"). WITNESSETH WHEREAS, the City desires to use the services of NSI related to the issuance of City bonds as described herein ("Debt"), and WHEREAS, NSI desires to furnish services to the City as hereinafter described, NOW, THEREFORE, it is agreed by and between the parties as follows: SERVICES TO BE PROVIDED BY NSI Debt Issuance: Serve as the City's Financial Advisor for the issuance of the Debt. NSI shall provide all services necessary to analyze, structure, offer for sale and close the transaction. Examples of the services include the following: Planning and Development • Meet with City officials and others as directed to define the scope and the objectives * Assemble and analyze relevant statistical information. " Prepare a preliminary feasibility study or discuss with City officials possible funding options and the fiscal implications of each. * Prepare details on the recommended options - information on the issue structure, method of issuance, term, sale timing, call provisions, etc. • Prepare a schedule of events related to the issuance process. • Attend meetings of the City Council and other project and bond issue related meetings as needed and as requested. Bond Sales • Prepare, cause to be printed, and distribute the Official Statement and Bid Form to prospective bidders. * Cause to be published the Official Notice of Sale if required by law. • Recommend whether the issue should secure a bond rating. If the issue is to be rated, prepare and furnish to the rating agencies the information they require to evaluate the issue and provide their rating. Serve as the City's representative to the rating agencies. " Directly contact underwriters most likely to serve as syndicate managers to assure that bidding interest is established. Page 1 * Assist the City in receiving the bids, compute the accuracy of the bids received, and recommend to the City the most favorable bid for award. * Coordinate with bond counsel the preparation of required contracts and resolutions. Post Sale Support * Coordinate the bond issue closing including making all arrangements for bond printing, registration, and delivery. Furnish to the City a complete transcript of the transaction. Assist, as requested by the City, with the investment of bond issue proceeds. Investment Assistance: Should the City desire to invest the proceeds from the Debt issuance or any other funds of the City through NSI in its capacity as a broker, NSI shall, at all times, transact such investments as principal. COMPENSATION For the proposed sale by the City in 2006 of its approximate $ 4,115,000 General Obligation Improvement Bonds, 2007A Series (the "Bonds"), NSI's fee shall be a lump sum of $20,900.00. The fee due to NSI shall be payable by the City upon the closing of the Bonds. NSI agrees to pay the following expenses from its fee: * Out-of-pocket expenses such as travel, long distance phone, and copy costs. * Production and distribution of material to rating agencies and/or bond insurance companies. * Preparation of the bond transcript. The City agrees to pay for all other expenses related to the processing of the bond issue(s) including, but not limited to, the following: Engineering and/or architectural fees. * Publication of legal notices. Bond counsel and local attorney fees. * Fees for various debt certificates. * The cost of printing Official Statements, if any. * City staff expenses. * Airfare and lodging expenses of one NSI official and City officials when and if traveling to New York City for rating agency presentations. * Rating agency fees, if any. * Bond insurance fees, if any. Accounting and other related fees. It is expressly understood that there is no obligation on the part of the City under the terms of this Agreement to issue the Bonds. If the Bonds are not issued, NSI agrees to pay its own expenses and receive no fee for any services it has rendered. Page 2 SUCCESSORS OR ASSIGNS The terms and provisions of this Agreement are binding upon and inure to the benefit of the City and NSl and their successors or assigns. TERM OF THIS AGREEMENT This Agreement may be terminated by thirty (30) days written notice by either the City or NSI and it shall terminate sixty (60) days following the closing date related to the issuance of the Bonds. Dated this 2nd day of July, 2007. Northland a urities, Inc. By: 7 ichard G. As eson, Sr. Vice President City of Albertville, Minnesota By: Page 3 A,lbertville Small Town Uv(ng. Blg GtV Ufa. TO: City Council FROM: Tim Guimont DATE: May 14, 2007 RE: Public Works Department Albertville Friendly City Days Friendly City Days is behind us now. As always it was a lot of work but things went well. Streets We have done some shouldering with the sander attachment on our plow truck at Barthel Industrial Drive NE and Lakeshore Drive NE. Parks We continue to maintain the grass and the ball fields. We rented a brush chipper and chipped a large amount of brush and that some of the homeowners in town lakes gathered from the wooded trail park .The chips will be used our various parks and some was placed at the compost site for residents to use. Weeds We continue to monitor the weed situation. The public works staff spends about 16 man hours per week monitoring, sending letters and mowing. I will not be attending the July 2 meeting because I will be in Boston, MA with the STMA High School Marching Band. 51 This page left blank on purpose. 52 A�Ibcrtvillci June 22, 2007 Mr. Larry Kruse, City Administrator City of Albertville 5959 Main Avenue NE P. O. Box 9 Albertville, MN 55301 RE: Request for Council Action Upgrade of Southwest and Albert Villas Lift Stations Honorable Mayor and City Council Members: In preparation for the additional flow into the City's wastewater collection system from the new STMA elementary and high school, it is my recommendation that telemetry communication systems and controls be added to the Southwest and Albert Villas lift stations. I have requested and received quotes to furnish and install the upgrades from two companies familiar with the City's systems. The quotes received were as follows: Instrument Control Systems, Inc._ $17,100 Sweeney Control Company = $17,750 The addition of the communication devices will improve management of the City's collection system. With this upgrade, Public Works will be able to monitor the two lift stations at the wastewater treatment plant, through the new SCADA controls that were implemented as part of the plant expansion project. Having the ability to monitor the conditions at each lift station, such as wet well levels and pump run times, will improve system management by: • Providing for improved maintenance scheduling of pumps, prior to failure. • Providing the needed information to control upstream and downstream run time sequencing on the cascading type lift station system found throughout the City. • Providing enhanced emergency management of the City's portable generators. • Provide the needed monitoring of pumping conditions in flood prone areas, such as found in the Albert Villas. 53 Overall, the improved monitoring and management of the collection system will reduce the risk of property damage caused by sewer system backups and failures. It is therefore recommended that the low quote of $17,100, submitted by ICS, Inc., and the upgrade of the two lift stations be authorized. It is also recommended that SAC fees received from the new elementary and high school be used to fund the upgrade. For your information, ICS, Inc. is the company that designed and installed the SCADA system as part of the plant expansion. I will be at the July 16th Council meeting to present this information and discuss any questions you may have. Sincerely, Y/1""? 44 John Middendorf Wastewater Treatment Plant Superintendent cc: Tina Lannes — Finance Director 54 A,lbertville Small Town Uving. Big City life. TO: City Council FROM: Tina L. Lannes DATE: June 28, 2007 RE: Accounts Receivable Update Total accounts receivable outstanding through June 24, 2007 is $60,912.62 The percentage of the total due based on the aging report is as follows: 0-30 days outstanding 30-60 days outstanding 60-90 days outstanding Over 90 days outstanding $ 23,028.63 37.81% $ 2,080.91 3.42% $ 0.00 0.00% $ 35,803.08 58.78% 55 Vendor Amount Due 0-30 Days 30-60 days 60-90 days 90 days & Over ALBERTVILLE HOLDINGS $2,205.67 $2,205.67 ALBERTVILLE MEDICAL BUILDING $334.40 $334.40 AMERICA'S MATTRESS $498.63 $423.00 $75.63 ASPEN CREEK $100.00 $100.00 BAUER, CHRIS & KAREN $100.00 $100.00 BECHTOLD, DIRK $100.00 $100.00 BEST ASSESTS $200.00 $200.00 BRACK BUILDERS $300.00 $300.00 COLLYARD GROUP $357.05 $357.05 COUNTRYWIDE MORTGAGE $100.00 $100.00 CPG PARTNERS $3,276.08 $225.36 $3,050.72 CULVERS $129.69 $129.69 EDINA DEVELOPMENT $5,982.87 $3,400.00 $2,582.87 FRANCIS PROPERTIES $115.52 $115.52 FRANKE, DAVID $100.00 $100.00 FRIENDLY CITY DAYS COMMITTEE $1,000.00 $1,000.00 GOLD KEY DEVELOPMENT $6,334.40 $262.50 $6,071.90 GREENINGER, JOHN & BRENDA $100.00 $100.00 HOEY OUTDOOR ADVERTISING $186.40 $186.40 J.T. CUSTOM HOMES $100.00 $100.00 K. HOVNANIAN $375.00 $375.00 KARR, JEREMY $276.26 $100.00 $176.26 KRESAL CUSTOM HOMES $700.00 $700.00 KRESAL, DENNIS $100.00 $100.00 LAKELAND CONSTRUCTION FINANCE $100.00 $100.00 M M HOMES $100.00 $100.00 MADISON HOMES $100.00 $100.00 MAIN ESTATES $100.00 $100.00 MARCHAND, JOSH & THERESA $100.00 $100.00 MCLAIN, MIKE $300.00 $300.00 MILLER, WILLIAM & ANGELA $200.00 $200.00 MILLES, JESSE & ROBERT $100.00 $100.00 MINNESOTA DEVELOPMENT AGENCY $182.58 $112.00 $70.58 NEARY, BRIAN $105.81 $105.81 NORTHWOODS CUSTOM HOMES $761.58 $400.00 $361.58 OSFAR CONSTRUCTION $75.00 $75.00 PATHOUMTHONG, LISA $100.00 $100.00 PHIL MORRIS $10,792.50 $10,792.50 PREMIER DEVELEOPMENT GROUP $300.00 $300.00 56 REIMENSCHNEIDE, RYAN $800.00 $800.00 SHOPPES AT TOWNE LAKES 2 $240.33 $240.33 SINGHARATH, VILAY & THAONE $100.00 $100.00 SMITH,JAMIE & CASSEY $100.00 $100.00 SPACE ALIENS $4,591.65 $75.00 $954.60 $3,562.05 T C HOMES $200.00 $200.00 TOWNE LAKES $18,191.20 $352.50 $754.74 $17,083.96 UNITY BANK $100.00 $100.00 WARD, TOM $100.00 $100.00 Total $60,912.62 $23,028.63 $2,080.91 $0.00 $35,803.08 Current 0-30 days $23,028.63 37.81 % 30-60 days $2,080.91 3.42% 60-90 days $0.00 0.00% over 90 day $35,803.08 58.78% 57 This page left blank on purpose. 58 A�Ibcrtvillc if TO: City Council FROM: Tina L. Lannes DATE: June 24, 2007 RE: Project Update Council requested an update on outstanding project status. Below are the contracted projects with amounts paid to date as of June 24, 2007: Fund 473 400 204 496 482 470 Project Total Contract Paid to Date Retaina a Difference 2004 Prairie Run $1,595,233.53 $1,567,701.19 62,266.71 $27,532.34 2003 CSAH 19 Upgrade $1,446,496.70 $1,340,629.92 70,531.24 $105,866.78 CSAH 37 / 60th Street Storm Sewer $49,983.00 $47,941.00 2,042.00 $2,042.00 Hunter Pass Lift Station $127,600.00 $111,878.59 5,888.00 $15,721.41 Hockey Rink $100,953.00 $88,820.92 $12,132.08 City Hall $3,130,542.00 $3,100,488.80 30,053.20 37 Trail $241,522.75 $226,608.96 $14,913.79 Total $6,692,330.98 $6,484,069.38 $140,727.95 $208,261.60 96.88% 468 1194 Project 1 1 $4228,214.32 1 1$428,214.32 59 This page left blank on purpose. . e, A�Ibcrtvillc Small Town Uving. 1319 CkV Ufa. TO: City Council FROM: Tina L. Lannes DATE: June 24, 2007 RE: Budget Update BACKGROUND This report is an un-audited 2nd Quarter 2007 General Fund summary of revenues and expenditures through June 24, 2007. Revenues and Expenditures should be at approximately 50%. REVENUES The City of Albertville is currently at 10.3% of its annual budgeted revenue for the General Fund, which is normal due to the fact the City of Albertville doesn't receive tax settlements until July. EXPENSES The City of Albertville is currently at 28.5% of its annual budgeted expenses in the General Fund. VARIANCES Revenues The Business Licenses larger than their budgeted amount because we receive the annual franchise payment each March. The franchise fee is based on 5% of gross revenues therefore, Charters double for this year. Liquor Licenses are close to their budgeted amount because they expired in April of each year and must be renewed. Other State Aids and grants reflect of receipt of monies for the municipal maintenance. Park Rental Fees include fees for rental of City Hall Other Revenues include $1,500 from MNDOT for the 50th Street Detour and $6,000 for a Fire Department Bill for services for illegal burn of which $337 will go back to ST. Michael and $450.00 to Fehn for their services on the illegal burn (City of Albertville billed for them. Expenses The majority of assessing is done for the year that is why it is at 88% Culture and recreation includes the full payment for FYCC for 2007. Building inspections and Fire are below due to a Journal Entry for Administration fees where the first half of the entry is done in July. Fire Department only includes 15t quarter payroll the 2°d quarter is paid in July 61 This page left blank on purpose. 62 32100 32110 32120 32150 32210 32240 33405 33406 33422 33620 34000 34101 34001 34050 34103 34105 34106 34107 34302 34780 34950 35000 36210 A,lbertville Small Town Wing. Big City We. 2007 Council Update GENERALFUND General Fund Revenue: 2007 2007 Actual % of Budget 6/24/2007 Budget Current Ad Valorem Taxes 2,009,558 - 0.0% Business Licenses & Permits 28,000 57,917 206.8% Liquor Licenses 22,000 25,510 116.0% 3.2 Liquor Licenses 200 160 80.0% Permits 3,094 2,500 80.8% -Sign Permits 420,000 101,195 24.1% -Building Animal Licenses 700 793 113.3% Local Government Aid - - 0.0% Police Aid 17,000 0.0% Fire Aid 55,000 - 0.0% Other State Aid Grants 500 4,185 837.0% County Grants & Aids 10,000 5,724 57.2% -Charges for Services 8,000 2,450 30.6% Lease Payments - City Property 27,700 900 3.2% Administration Fees 276,351 600 0.2% -Developer Fees 125,000 - 0.0% Zoning & Subdivision 15,000 3,650 24.3% Plan Check fee 74,000 54,863 74.1 % Sale of Maps 300 39 13.0% PID/Le al Description Requests 1,500 10 0.7% Title Searches 1,500 120 8.0% Fire Protection Contract Charges 84,944 42,472 50.0% Park Rental Fees 2,000 4,171 208.6% Other Revenues 10,000 15,952 159.5% Fines & Forfeits 200 50 25.0% Interest Earnings 75,000 17,355 23.1% Reserves 25,000 - 0.0% Total Revenues $ 3,292,547 $ 340,616 10.3% 63 2007 Council Update GENERALFUND General Fund Expenditures 2007 2007 Actual % of Budget 6/24/2007 Budget 41100 Council 39,494 17,687 44.8% 41300 Administrator 124,327 54,516 43.8% 41400 City Clerk 137,177 60,701 44.2% 41410 Elections 6,000 59 1.0% 41500 Financial Administration 92,542 40,918 44.2% 41550 City Assessor 35,000 31,041 88.7% 41600 City Attorney 32,760 14,212 43.4% 41700 City Engineer 42,500 15,602 36.7% 41800 Economic Development 9,700 3,642 37.5% 41910 Planning & Zoning 34,084 15,389 45.2% 41940 City Hall 259,591 29,538 11.4% 42000 Fire Department 404,192 73,747 18.2% 42110 Police 453,200 228,855 50.5% 42400 Building Inspection 485,390 91,976 18.9% 42700 Animal Control 3,500 258 7.4% 43100 Public Works - Streets 464,101 123,799 26.7% 43160 Street Lighting 55,000 24,242 44.1 % 43200 Recycling 45,000 21,749 48.3% 45000 Culture & Recreation 35,250 21,478 60.9% 45100 Parks & Recreation 196,239 67,678 34.5% 1-94 100,000 - 0.0% 49300 Capital Reserves 237,500 - 0.0% Total Expenditures $ 3,292,547 $ 937,086 28.5% 64 BOI_TON as. M Ea N K, i NC. Consulting Engineers & Surveyors 7533 Sunwood Drive • Suite 206 • Ramsey, MN 55303 Phone (763) 433-2851 • FAX (763) 427-0833 MEMORANDUM Date: June 22, 2007 To: The Honorable Mayor and City Council Cc: Larry Kruse, Albertville City Administrator From: Adam Nafstad, P.E., Assistant City Engineer Subject: Project Status Update The following is a brief project status update as of June 22, 2007: 1. Flood Mitigation Project Excavation of the pond continues. Currently approximately 20 to 25% of the pond has been excavated and graded, and staff continues to work to obtain the drainage and utility easement needed from the abutting property owner to the south. 2. 2007 Overlay Project The contract for the Overlay Project was awarded at the last Council meeting and the contracts and agreement have been sent to Mid -Minnesota Hot Mix for signatures. 3. 2007 Seal Coat Project Pearson Bros., Inc. plans to start and complete the project in early July. 4. Winter Park Improvements Project The contract for the project was awarded at the last Council meeting to Dennis Fehn. Contracts and the agreement for the project have been delivered to Dennis Fehn for signatures and it is anticipated that work will commence the week of June 25. CSAH 19 Project (571h Street to Albertville Southerly Limits) Work on the southbound lanes continues, as well as, the conversion of the overhead to underground utility lines. During grading procedures south of 50th Street NE, unsuitable soils were discovered and additional soil corrections to a depth of approximately 10' will be required. The installation of the public utilities is expected to begin the week of June 25. 6. 52°d Street NE Project Final grading of the lots will take place in conjunction with the improvements proposed by the Fraser Steel Site and Building Plans. The final plat, that includes the Fraser Steel revisions, has been sent to the County for review. 65 7. Lachman Avenue NE Extension Additional information requested by the TEP has been collected and sent to the TEP members. It is anticipated that a formal decision will me made by the TEP in early August. 8. High School Watermain Extension The extension of the watermain from Kahl Avenue to the new high school on the south side of CSAH 18 has been completed with the exception of restoration of the CSAH 18 ditch. 9. CSAH 19 (north of I-94) Work on the amended feasibility report, preliminary design, and cost estimate in well underway. Staff will be meeting with Otsego on June 26, to discuss potential design of the intersection of CSAH 19 and 701h Street NE. 10. Miscellaneous As a follow up to discussions at the last City Council meeting regarding 19 speeds and given the recent accident at 19 and 73rd Street, Albertville has requested the County to perform spot speed studies along 19 and a sight distance evaluation at 19 and 70th Street NE. 11. Albertville Marketplace - Phil Morrris Lift Station Plans and specifications for the lift station project are nearing completion and will be presented to Council at the July 16 meeting. I will be at your July 2 City Council meeting to answer any questions concerning these and/or other projects taking place in town. Draft —June 27, 2007 AGREEMENT BETWEEN THE CITY OF OTSEGO, CITY OF ALBERTVILLE AND WRIGHT COUNTY REGARDING IMPROVEMENTS TO BORDER ROADS AGREEMENT entered into this day of , 2007 between the City of Albertville ("Albertville"), a municipal corporation organized under the laws of the State of Minnesota, the City of Otsego ("Otsego'), also a municipal corporation organized under the laws of the State of Minnesota, and the County of Wright, a political subdivision of the State of Minnesota. For purposes of this Agreement, Albertville and Otsego may also be collectively described as the "Cities" and Wright County may be described as the "County." 1. Streets Subject to This Agreement. This Agreement covers the following existing and future roads which are on the borders of the two Cities: a. MacIver Avenue (north -south alignment) north of CSAH 37; b. CSAH 19 north of I-94 to 1,320 feet north of the Albertville/Otsego border; c. 701h Street between CSAH 19 and MacIver Avenue; d. MacIver Avenue/future 63`d Street (east west alignment) west of new MacIver Avenue. 2. Purpose of This Agreement. The parties intend in this Agreement to set out the major responsibilities of each respective party in regard to the streets which are subject to this Agreement. It is the intention of the Cities that the subject streets be constructed in the years or other times as set out in this agreement, weather and other conditions beyond the control of the Cities permitting. It is also the intention of the Cities that the streets be constructed in the approximate locations and with accesses in the same number and approximate locations as shown on the attached Exhibits, unless otherwise agreed by the Cities. Provisions Applicable to Wright County. It is the intent of the parties that Wright County be a party to this Agreement only so far as necessary to implement the provisions of this Agreement related to CSAH 19. Wright County shall not be bound by the provisions of this Agreement that apply only to the non-CSAH roads. 4. Project Management. For all road projects subject to this Agreement which consist of improvements to a County State Aid Highway, the City of Otsego, the City of Albertville, and Wright County shall all designate one representative from each community to serve on a Project Management Team, hereafter referred to as "PMT," for the purposes of addressing all project related issues which arise during the design and construction of the project. M 5. MacIver Avenue (north -south alignment) north of CSAH 37. a. Scope of Project. The project is located on the east boundary of Albertville and the boundary of Otsego between 62nd street and 701h streets. This road was previously a rural two-lane gravel border street between the two Cities, which in 2005 was improved by Otsego to a paved two lane urban street with a paved trail on the east side of the street. The MacIver section of street abutting Albertville was a small portion of the overall project completed by Otsego. At the time of planning and construction, MacIver was not on Albertville's street improvement schedule and Otsego decided to proceed without Albertville's participation. In 2004 and 2005 the City of Otsego through its City Engineer developed Plans and Specifications, bid and constructed the improvement project. The project was determined to be substantially completed by the City of Otsego in November of 2005. The location of Maclver Avenue and the access to it (present and future) are shown on the attached Exhibit A). b. Project Funding. Albertville and Otsego agree to each be responsible for 50% of the total cost of the 4,200 feet of street abutting Albertville, excluding the trail on the east side of the roadway. The cost of the project includes all project related engineering costs, including construction observation and plans and specifications, any project related legal costs, costs of right of way and construction costs. c. Project Payment.. The Albertville and Otsego engineers have reviewed all costs and have mutually determined that Albertville's share of the project for 50% of the cost for the portion of MacIver Avenue abutting Albertville is $466,270 representing 4,200 feet of project. Albertville agrees to pay Otsego $466,270 within 30 days of the execution of this agreement by the Cities. 6. CSAH 19 north of the I-94 to 1,320 feet north of the Albertville/Otsego border. a. Scope of Project. This project shall consist of improvements to CSAH 19 from I-94 north through 70'h Street approximately 1,000 to 1,320 feet into Otsego. The proposed CSAH 19 project includes adding turn lanes into the Albertville Premium Outlet site and improvement to the existing 2-lane roadway of approximately 2,800 feet in Albertville and 1,000 to 1,320 feet in Otsego to a four lane urban section with a center median and turn lanes meeting Mn/DOT State Aid Standards, hereinafter called the "CSAH 19 Project". b. CSAH 19 Street Plans and Specifications. Albertville shall be the lead Government Unit for the CSAH 19 Project, and it shall, through its City Engineer complete the Plans and Specifications to be used for purposes of bidding the improvement project. Such plans and specifications shall be based upon the improvements proposed by the NE Wright County Study including, but not limited to, the extension of a four -lane divided road section into Otsego, 68 additional turning lanes at the Outlet Mall Entrance, and continuation of the off - road trail on the west side of the roadway and a potential sidewalk on the east side of the roadway.. The Albertville City Engineer shall provide copies of the completed Plans and Specifications for review to the Otsego Engineer and the Wright County Highway Engineer at least thirty (30) days prior to presentation to both City Councils and the County Board. The plans and specifications must be approved by both Cities and the County prior to the time advertisement for bids is published. In the event the Cities cannot agree upon the same plans and specifications, the Cities agree to allow the Wright County Highway Engineer to determine which plans and specifications shall be used, in which case the Cities shall approve such plans and specifications without modifications. c. Awarding of Bid. Upon receipt of bids, the Albertville City Engineer shall provide the bids and related calculations to the Otsego and Wright County Engineers for review prior to award of bid. In the event that issues are raised by either City or the County relative to responsiveness of a bid or responsibility of a bidder they shall be resolved by mutual agreement prior to awarding of a bid. Upon passage of resolutions by Otsego and the County authorizing Albertville to award the bid to the lowest responsible bidder, Albertville shall pass a resolution awarding the bid to the lowest responsible bidder and Albertville shall enter into a contract with such lowest responsible bidder. The contract shall provide that Otsego, the County, and Albertville shall be indemnified and held harmless by the contractor from any claim or cause of action related to the project. Both cities and the County shall provide to the contractor access as necessary to portions of their respective right of way. d. Project Management and Oversight. Albertville and its City Engineer shall be responsible for management and oversight of the project and shall coordinate with the PMT to complete the project. Albertville shall approve and make progress payments to the contractor after consultation with the PMT. Upon such progress payments to the contractor, Albertville shall invoice Otsego and the County for reimbursement of their portion of the payments. Otsego and the County shall remit its reimbursement to Albertville within 30 days of receipt of said invoice, provided, however, that the County may choose to make payments to Albertville consistent with the terms of paragraph 61. below in which case said payments shall be due at the time specified in paragraph 6.h. below. If payment is not received by Albertville within 30 days, the invoice amounts shall accrue interest at a rate of .5% per month. The PMT shall consult and agree on all issues involving retainage or partial payment of requested progress payments. All reports and correspondence related to contractor payments or disputes shall be copied to the PMT. Change Orders. Albertville shall coordinate with the PMT regarding major change orders and shall inform and copy the PMT regarding all change orders. Members of the PMT shall be able to submit comments to Albertville's PMT representative regarding any change order. Albertville shall have unilateral a discretion to approve up to two (2) change orders which have an aggregate sum of not more than 5% of the total construction contract. In the event of a change order that exceeds 5% of the total construction cost or more than two such change orders, both Cities and the County must approve the change order(s). In the event of any disagreement between the Cities and/or County relative to a proposed change order or change orders, the PMT shall meet as soon as practicable and make all good faith efforts to resolve the dispute in a timely manner so as to not delay or adversely affect the project. If the parties are still unable to agree on the change order, the County Board shall be empowered to decide whether to approve the change order for the parties and upon doing so, shall direct Albertville to approve the change order, disapprove the change order, or modify the change order. In such case, Albertville shall act upon the change order as directed by the County. f. Construction Schedule. Construction of the CSAH 19 Project shall occur at such time as Albertville and Wright County agree upon commencement of the project, provided the project shall not commence prior to January 1, 2010. g. Project Funding. Otsego and Albertville shall each be responsible for the project costs as prorated portion of the total cost of the project to the respective city, less the financial contribution from the County pursuant to the County's funding policy, which the County agrees to contribute pursuant to such policy. Said proration of construction cost between Albertville and Otsego shall be based upon the proportionate quantities of materials and labor used in each City. Said proration of all other project costs shall be based upon the proportion of construction cost allocated to each City under this Agreement. The cost of the project includes all project related costs, including topographic surveys, engineering plans and specifications and construction management and construction observation, any project related legal costs, and construction costs. In the event that the project is discontinued for any reason, each City shall be responsible for the project costs incurred up to the date of discontinuance as prorated to their respective share less the County's proportionate share which is paid pursuant to the County's funding policy. h. County Option to Finance. In the event the Cities decide to construct the project in advance of when the County has this section of CSAH 19 scheduled for construction, the City of Albertville and Otsego agree to pay 100% of the County's respective share within their respective city boundaries, and hold those cost without interest until the year the County has the project scheduled, but no later than December 31, 2012. To select this option, the County Board must upon approving the award of the bid in paragraph 6.c. above, declare the County's intent to have the Cities provide interim financing for the County. If the County selects this deferred financing option, the County then agrees to pay Albertville and Otsego the County's share of such costs required by this Agreement within 30 days of the date when the State of Minnesota normally sends the County's Municipal State Aid in 2013. 70 Future Modifications to CSAH 19. Nothing in this Agreement shall prohibit either City from modifying that portion of CSAH 19 in the future which is wholly within the respective City, providing that Wright County approves such modification. 7. 701h Street between CSAH 19 and MacIver Avenue. a. Scope of Project. The proposed project is located on that segment of 701h Street between CSAH 19 and MacIver Avenue. The project involves the improvement of 701h Street to a 28-foot wide bituminous surface and a typical section designed for a 7-ton roadway, or as determined by the Cities. b. 70th Street Plans and Specifications. Otsego shall be the lead Government Unit for the project, and it shall, through its City Engineer complete the Plans and Specifications to be used for purposes of bidding the improvement project. Such plans and specifications shall be based upon the concept and access points shown on the attached Exhibit C. The Otsego City Engineer shall provide copies of the completed Plans and Specifications for review to Albertville's City Engineer at least fourteen (14) days prior to presentation to both City Councils for approval for purposes of review and comment. Both Cities shall approve the Plans and Specifications and authorize the bidding for the project prior to the time such advertisement is published. c. Awarding of Bid. Upon receipt of bids, the Otsego City Engineer shall provide the bids and related calculations to the Albertville City Engineer for review prior to award of bid. In the event that issues are raised by either City relative to responsiveness of a bid or responsibility of a bidder they shall be resolved by mutual agreement prior to awarding of a bid. Upon passage of a resolution by Albertville authorizing Otsego to award the bid to the lowest responsible bidder, Otsego shall pass a resolution awarding the bid to the lowest responsible bidder and Otsego shall enter into a contract with such lowest responsible bidder. The contract shall provide that Albertville shall be indemnified and held harmless from any claim or cause of action related to the project. Both cities shall provide contractors with access to necessary portions of their respective right of way. d. Project Management and Oversight. Otsego and its City Engineer shall be responsible for management and oversight of the project and shall coordinate with Albertville staff and the Albertville City Engineer to complete the project. Otsego shall approve and make progress payments to the contractor and consulting engineer after consultation with Albertville and its City Engineer. Upon such progress payments to the contractor, Otsego shall invoice Albertville for reimbursement of Albertville's portion of the payments. Albertville shall remit its reimbursement to Otsego within 30 days of Otsego's invoice. If payment is not received by Otsego within 30 days, invoice amounts shall accrue interest at a rate 71 of .5% per month. The two Cities shall consult and agree on all issues involving retainage or partial payment of requested progress payments. All reports and correspondence related to contractor payments or disputes shall be copied to Albertville and its City Engineer. e. Change Orders. Otsego shall coordinate with Albertville regarding major change orders and shall inform and copy Albertville and its City Engineer regarding all change orders. Albertville shall be able to submit comments to Otsego regarding any change order. Otsego shall have unilateral discretion to approve up to two (2) change orders which have an aggregate sum of not more than 5% of the total construction contract. In the event of a change order that exceeds 5% of the total construction cost or more than two such change orders, both Cities must approve the change order(s). In the event of any disagreement between the Cities relative to a proposed change order or change orders, the Cities shall meet as soon as practicable and make all good faith efforts to resolve the dispute in a timely manner so as to not delay or adversely affect the project. f. Construction Schedule. Construction of the 701h Street project is scheduled to commence during 2007. g. Project Funding. Albertville and Otsego shall each be responsible for 50% of the total cost of the project. The cost of the project includes all project related engineering costs, including construction observation and plans and specifications, any project related legal costs, and construction costs. In the event that the project is discontinued for any reason, each City shall be responsible for 50% of project costs incurred up to the date of discontinuance. Each City shall also be responsible for 50% of any costs that are incurred as a result of the discontinuance. 8. MacIver Avenue/future 63rd Street (east west alignment) west of new MacIver Avenue. a. Scope of Project. The proposed project is located on that segment of 63`d Street south of Albertville sewage treatment plant to the newly constructed and realigned MacIver Avenue. The project involves subgrading and installing asphalt surfacing to be centered on the existing right of way. b. Construction schedule or timing of the project. The project is not immediately contemplated to take place, and will be triggered or scheduled for construction when either Albertville or Otsego have development abutting the project and formally request the project. c. 63rd Street Plans and Specifications. Albertville shall be the lead Government Unit for the project, and it shall, through its City Engineer or another Engineer acceptable to both Cities, complete the Plans and Specifications to be used for 72 purposes of bidding the improvement project. Such plans and specifications shall be based upon the concept and access points shown on the attached Exhibit D. The Albertville City Engineer shall provide copies of the completed Plans and Specifications at least fourteen (14) days prior to presentation to both City Councils for approval for purposes of review and comment. Both Cities shall approve the Plans and Specifications and authorize the bidding for the project prior to the time such advertisement is published. d. Sewer and Water Installation. Albertville may desire to install sanitary sewer and municipal water in the road right of way prior to construction of said road project. In such event, Albertville shall install such utilities in the Albertville portion of road right of way and shall restore the right of way to subgrade level with suitable materials for road subgrade. 100% of all such utility costs shall be borne by Albertville. e. Awarding of Bid. Upon receipt of bids, the Albertville City Engineer shall provide the bids and related calculations to the Otsego City Engineer for review prior to award of bid. In the event that issues are raised by either City relative to responsiveness of a bid or responsibility of a bidder they shall be resolved by mutual agreement prior to awarding of a bid. Upon passage of a resolution by Otsego authorizing Albertville to award the bid to the lowest responsible bidder, Albertville shall pass a resolution awarding the bid to the lowest responsible bidder and Albertville shall enter into a contract with such lowest responsible bidder. The contract shall provide that Otsego shall be indemnified and held harmless from any claim or cause of action related to the project. Both cities shall provide contractors with access to necessary portions of their respective right of way. f. Project Management and Oversight. Albertville and its City Engineer shall be responsible for management and oversight of the project and shall coordinate with Otsego staff and the Otsego City Engineer to complete the project. Albertville shall approve and make progress payments to the contractor and consulting engineer after consultation with Otsego and its City Engineer. Upon such progress payments to the contractor, Albertville shall invoice Otsego for reimbursement of Otsego's portion of the payments. Otsego shall remit its reimbursement to Albertville within 30 days of Albertville's invoice. If payment is not received by Albertville within 30 days, invoice amounts shall accrue interest at a rate of .5% per month. The two Cities shall consult and agree on all issues involving retainage or partial payment of requested progress payments. All reports and correspondence related to contractor payments or disputes shall be copied to Otsego and its City Engineer. g. Change Orders. Albertville shall coordinate with Otsego regarding major change orders and shall inform and copy Otsego and its City Engineer regarding all change orders. Otsego shall be able to submit comments to Albertville regarding any change order. Albertville shall have unilateral discretion to 73 approve up to two (2) change orders which have an aggregate sum of not more than 5% of the total construction contract. In the event of a change order that exceeds 5% of the total construction cost or more than two such change orders, both Cities must approve the change order(s). In the event of any disagreement between the Cities relative to a proposed change order or change orders, the Cities shall meet as soon as practicable and make all good faith efforts to resolve the dispute in a timely manner so as to not delay or adversely affect the project. h. Project Funding. Albertville and Otsego shall each be responsible for 50% of the total cost of the road portion of the project abutting the two Cities. The cost of the project includes all project related engineering costs, including construction observation and plans and specifications, any project related legal costs, and construction costs. In the event that the project is discontinued for any reason, each City shall be responsible for 50% of project costs incurred up to the date of discontinuance. Each City shall also be responsible for 50% of any costs that are incurred as a result of the discontinuance. Right of Way. The existing east/west gravel street is located 100% in Albertville. Otsego shall pay Albertville for the total road right of way area that would have been located in Otsego along the common border had the right of way been realigned. The per square foot value of said right of way shall be agreed upon by Albertville and Otsego, and if the Cities cannot agree on a value, the Cities shall agree upon an appraiser who shall appraise the value of the land, and that value shall then be binding upon the Cities. If the parties cannot agree upon an appraiser, the Cities shall each submit a list of three appraisers to the Wright County Board and the Wright County Board may choose the appraiser for the Cities. The Cities shall equally share the cost of the appraiser 9. Storm Sewer. In any project where storm sewer is determined to be needed to adequately drain water from the road, such storm sewer costs shall be included in the project cost. In the event storm water ponding is required for a project, the engineers for the Cities shall consult with each other and determine the best locations for such storm sewer ponding. The City Councils shall then attempt to agree upon the location of such storm water pond. In the event the two Cities cannot agree upon the location of such storm water pond, they shall submit the choices to the County Board and the County Board may choose the location for the Cities. Once the location is chosen, the City in which such pond is located shall acquire the necessary ponding easement in the name of both Cities (and the County for CSAH projects). All such acquisition costs shall be included in the project costs. 10. Street Maintenance. The Cities shall continue to negotiate an agreement regarding maintenance of all streets included in this Agreement which are not County State Aid Highways. 74 11. Obstruction of Road. Neither City shall obstruct any street included in this Agreement except as necessary during normal maintenance operations. Neither City shall substantially alter the location of any street or the access points as shown on the attached Exhibits without the written consent of the other City. 12. Disagreements and Contested Issues. In the event of a disagreement or contested issue arising from this Agreement or construction of a project subject to this Agreement, the Cities agree that every effort will be made to resolve such issues between themselves prior to initiating the involvement of any third -parties. If the matter cannot be resolved between the parties both Cities agree to proceed to mediation in order to resolve the dispute with all mediation related costs split evenly between the parties. In the event that the dispute cannot be resolved through mediation, the two parties will agree upon a third party who will hear all issues involved in the dispute and shall render a decision. Both parties will be bound by this decision and shall equally divide the costs related to the rendering of the decision. Any appeal from such a decision shall be governed by the provisions of Minn. Stat. Chapter 572. 13. Miscellaneous. a. Any action or inaction of any party to this Agreement shall not constitute a waiver or amendment to the provisions of this Agreement. To be binding, amendments or waivers shall be in writing, signed by the parties and approved by written resolution of both Albertville and Otsego's City Council for any non-CSAH road and by the City Councils for Albertville and Otsego and the Wright County Board for any CSAH road. Any parties' failure to promptly take legal action to enforce this Agreement shall not be a waiver or release. b. If any portion, section, subsection, sentence, clause, paragraph or phrase of this Agreement is for any reason held invalid, such decision shall not affect the validity of the remaining portion of this Agreement. c. Third parties shall have no recourse against either City or the County under this Agreement. d. The lead City on any project under this Agreement shall require that any and all contractors working on the project shall have adequate public liability insurance in an amount acceptable to both Cities (and the County on CSAH projects) and with both Cities (and the County on CSAH projects) being named as an additional insured. e. This Agreement shall not be considered as any representation to others, or agreement between the parties that would allow for the stacking of any applicable insurance coverages in relation to any claim or cause of action. 75 f. This written Agreement is the final agreement between the parties and any previous agreements either oral or in writing regarding the construction of the street areas covered by this agreement are merged into this Agreement, except that that agreement between Wright County and Albertville dated [prior CSAH 19 improvement agreements for areas solely in Albertville or involving Albertville/St. Michael portions of CSAH 19] shall remain unchanged by the terms of this Agreement. g. This Agreement may only be amended or modified by written addendum to this Agreement signed by both parties. h. Except as may be specifically set out in this Agreement, each City is responsible for acquiring necessary right of way in its jurisdiction as required for each project. All such right of way cost shall be borne by the City in which the right of way is located. 14. Applicable Law. This Agreement shall be construed under the laws of the State of Minnesota. ADOPTED this day of , 2007 by the Otsego City Council. IN FAVOR: IN FAVOR: OPPOSED: OPPOSED: CITY OF OTSEGO CITY OF ALBERTVILLE Larry Fournier, Mayor Judy Hudson, City Clerk Adopted this _day of Ron Klecker, Mayor Bridget Miller, City Clerk 2007 by the Albertville City Council. 76 EXHIBIT A Madver Avenue EXHIBIT B CSAH 19 EXHIBIT C 701h Street NE EXHIBIT D 63`a Street NE 77 This page left blank on purpose. 78 A,lbertville S"MNTown urrq. ft aa, un.. MEMORANDUM Date: June 28, 2007 To: City Council From: Larry R. Kruse, City Administrator Re: General Update OTSEGO BORDER ROAD AGREEMENTS The road agreement in your packet is the result of two years of hard work and many meetings both at a staff and Council level. I believe the agreement is fairly comprehensive and should clear up a number of old concerns for both cities. Otsego reviewed the agreement last Tuesday night and City Administrator Mike Robertson reported that they will adopt it at their July 91h Council meeting. As with all agreements there are some things which are out of our control. The biggest unknown with the goal of this agreement is if Wright County will participate on CSAH 19 in a timely manner and pursuant to their funding policy. The agreement outlines Albertville and Otsgeo's responsibilities, but the County participation remains unknown. After this agreement is executed and BMI has completed updating the CSAH 19 North Feasibility Study, we will host a meeting with our two County Commissioners to lobby their support for scheduling the project in 2010. I-94 FEDERAL FUNDING Tuesday, July 3 at 8:00 a.m. Congresswoman Michele Bachman will attend an I-94 Implementation Task Force Meeting at City Hall. We will prepare a nice breakfast where the Congresswoman will listen to our presentation and be available to answer questions. We have invited the entire I-94 Implementation Task Force, the 1-94 Chamber Transportation Committee, Albertville City Council and County Commissioners. I anticipate about 20 people in attendance. LACHMAN AND STMA ARENA (Second Sheet of Ice) The Lachman Improvement Hearing is scheduled for our Monday Council meeting. The Council will have the opportunity to hear from the Barthel family and decide if you want to go forward with the project. Adam and I met with Don, Albert and Jason Barthel on Wednesday and reviewed the project and assessments with them. They appear to be in agreement to proceed, however I don't know if they will contest the assessment. Mike has the resolution structured that it would be conditioned on the Barthels signing an assessment agreement. Time is of the essence, as we have an opportunity to incorporate this financing with our bond for the Pond, CSAH 19 and the Industrial Park. 79 The Council may consider deferring the assessment on one parcel of the Barthel land that is not currently deep enough to develop, but will be if we vacate 60th Street in future. The Council may also waive its 2% interest over the bond rate for this deferred assessment to facilitate making this project happen. The sale of Barthel's land is a separate issue from the Lachman Road Project. We continue to discuss the Arena's interest in the land with the Barthel family. DOWNTOWN PARKING/LAND EXCHANGE We are waiting for the land appraisal to continue discussion. CITY HALL PLAT AND CITY HALL SOUTH PARKING LOT Jamie Stevens has a copy of the Parking Lot Land Exchange Agreement and I've requested a date to meet with some of the Council to discuss how we proceed. RENTAL OF OLD CITY HALL 5975 MAIN AVENUE NE No deal yet on leasing the old City Hall. A church has expressed interest in leasing. CSAH 19 SOUTH PROJECT Construction continues on CSAH 19 South. We are working on the bond financing and land appraisals to support the assessments. PRAIRIE RUN LEGAL ISSUES Litigation continues. There continues to be a hold on building permits. OLD PUBLIC WORKS BUILDING FYCC continues to use the old Public Works Building. I have had several calls regarding renting the building. Most inquiries are for boat or general storage. NAC is proceeding with the zoning change. F'RASER STEEL TIF AND COMPLETION OF 52ND STREET NE We have certified Fraser's TIF and the contractor will be finishing the Industrial Project soon. 80 FOR CITY OF ALBERTVILLE, MINNESOTA $4,115,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2007A NORTHLAND SECURITIES 45 South 7h Street Suite 2500 Minneapolis, MN 55402 612-851-5900 800-851-2920 June 27, 2007 City of Albertville, Minnesota $4,115,000 General Obligation Improvement Bonds, Series 200 A Financing Overview: The Bonds will be issued pursuant to Minnesota statutes 475 and 429 to fund various public improvement projects within the City including CSAH 19, Lachman Development, 52nd Street / Industrial Park and Storm Water Ponds. The City's total combined cost of the projects is $4,281,901. The net financing requirement is $4,115,000 inclusive of all financing costs. The estimated fifteen year debt service structure is shown as Exhibit A. The total principal and interest structure assumes a current average market interest rate of 4.33% and is structured to achieve a level annual payment. The total estimated sources and uses are as follows: CSAH 19 Lachman Development Industrial Park Stone Water Ponds Issue Summary Sources Of Funds Par Amount of Bonds $1,650,000.00 $550,000.00 $1,115,000.00 $800,000.00 $4,115,000.00 Storm Water Funds 260,000.00 260,000.00 Total Sources $1,650,000.00 $550,000.00 $1,115,000.00 $1,060,000.00 $4,375,000.00 Uses Of Funds Total Underwriter's Discount (1.250%) 20,625.00 6,875.00 13,937.50 10,000.00 51,437.50 Costs of Issuance 15,505.59 5,168.53 10,478.02 7,517.86 38,670.00 Deposit to Project Construction Fund 1,611,926.00 538,975.00 1,087,000.00 1,044,000.00 4,281,901.00 Rounding Amount 1,943.41 (1,018.53) 3,584.48 (1,517.86) 2,991.50 Total Uses $1,650,000.00 $550,000.00 $1,115,000.00 $1,060,000.00 $4,375,000.00 Page 2 NOR,rHLAND SECURITIES Summary of Recommended Terms: 1. Type of Bond Sale 2. Proposals Received 3. Council Consideration Public Offering - Sealed Bids Monday July 30, 2007 @ 11:00 A.M. Monday July 30, 2007 @ 7:00 P.M (Special Meeting) 4. Repayment Term The Bonds will mature annually each February 1, 2009 - 2023. Interest on the Bonds will be payable on August 1, 2008 and semiannually thereafter on each February 1 and August 1. 5. Security General obligation of the City. In addition, special assessments totaling $3,710,000 will be pledged to the repayment of the bonds. The assessments are expected to be filed in the fall of 2007 for first collection in 2008 over a term of 15 years at approximately 6.50%. The City does not expect to need a debt service tax levy. 6. Prepayment Option The Bonds maturing February 1, 2017 - 2023 will be subject to prepayment on February 1, 2015 at a price of par plus accrued interest. 7. Tax Status Kennedy & Graven, Minneapolis, 8. Credit Enhancement We believe a credit rating will be cost beneficial. The City's general obligation debt is currently rated A2 by Moody's Investors Service. In addition, we will submit the City's credit information to the AAA bond insurers for qualification. Page 3 NORTH LAND �SECURITIES Related Considerations: • Bank Qualified - because total tax-exempt debt issued by the City in calendar year 2007 is expected to be less than $10.OM, the bonds will be designated as "bank qualified" obligations pursuant to Federal Tax Law. The impact of this designation may result in slightly lower interest rates since banking institutions will be interested in purchasing the bonds. We have adjusted the estimated interest rates accordingly. • Arbitrage Compliance - o Project / Construction Fund - All tax exempt issues are subject to federal rebate requirements which require all arbitrage earned to be rebated to the U.S. Treasury. A rebate exemption the City expects to qualify for is the "small issuer exemption" because the City expects to issue less than $S.OM of tax exempt bonds, including any 501 C 3 conduit financings, in calendar year 2007. o Debt Service Fund - The City must maintain a bona fide debt service fund for the bonds or be subject to yield restriction in the debt service fund. A bona fide debt service fund involves an equal matching of revenues to debt service expense with a balance forward permitted equal to the greater of the investment earnings in the fund during that year or 1/12 of the debt service of that year. The City should become familiar with the various Arbitrage Compliance requirements for this bond issue. The Bond Resolution explains the requirements in greater detail. We are also available to assist the City in meeting these requirements. • Book Entry - The Bonds will be global book entry with a bank designated as the paying agent. As "paperless" bonds, you will avoid the cots of bond printing and annual registrar charges. The Paying Agent will invoice you for the interest semiannually and on an annual basis for the principal coming due. You will be charged only for paying agent/transfer agent services provided by the bank. This cost of services has been capitalized into the bond issue. • Continuing Disclosure - Because this issue is greater than $1,000,000, and the City's outstanding debt exceeds $10.OM, it is subject to the Securities and Exchange Commission's continuing disclosure requirements. Northland Securities is prepared to assist the City in this capacity. Page 4 NORTHLAND SECURITIES EXHIBIT A Debt Service Schedule Date Principal Coupon Interest Total P+I Fiscal Total 08/01 /2007 - - 08/01/2008 - - 174,955.00 174,955.00 - 02/01/2009 125,000.00 3.850% 87,477.50 212,477.50 387,432.50 08/01/2009 - - 85,071.25 85,071.25 - 02/01/2010 215,000.00 3.950% 85,071.25 300,071.25 385,142.50 08/01/2010 - - 80,825.00 80,825.00 - 02/01/2011 225,000.00 4.000% 80,825.00 305,825.00 386,650.00 O8/01/2011 - - 76,325.00 76,325.00 - 02/01/2012 235,000.00 4.000% 76,325.00 311,325.00 387,650.00 08/01/2012 - - 71,625.00 71,625.00 - 02/01/2013 245,000.00 4.100% 71,625.00 316,625.00 388,250.00 08/01/2013 - - 66,602.50 66,602.50 - 02/01/2014 255,000.00 4.100% 66,602.50 321,602.50 388,205.00 08/01/2014 - - 61,375.00 61,375.00 - 02/01/2015 260,000.00 4.250% 61,375.00 321,375.00 382,750.00 08/01/2015 - - 55,850.00 55,850.00 - 02/01/2016 275,000.00 4.200% 55,850.00 330,850.00 386,700.00 08/01/2016 - - 50,075.00 50,075.00 - 02/01/2017 285,000.00 4.250% 50,075.00 335,075.00 385,150.00 08/01/2017 - - 44,018.75 44,018.75 - 02/01/2018 300,000.00 4.300% 44,018.75 344,018.75 388,037.50 08/01/2018 - - 37,568.75 37,568.75 - 02/01/2019 310,000.00 4.350% 37,568.75 347,568.75 385,137.50 08/01/2019 - - 30,826.25 30,826.25 - 02/01/2020 330,000.00 4.400% 30,826.25 360,826.25 391,652.50 08/01/2020 - - 23,566.25 23,566.25 - 02/01/2021 335,000.00 4.450% 23,566.25 358,566.25 382,132.50 08/01/2021 - - 16,112.50 16,112.50 - 02/01/2022 350,000.00 4.450% 16,112.50 366,112.50 382,225.00 08/01/2022 - - 8,325.00 8,325.00 - 02/01/2023 370,000.00 4.500% 8,325.00 378,325.00 386,650.00 Total $4,115,000.00 - $1,678,765.00 $5,793,765.00 Date And Term Structure Dated 8/01 /2007 Delivery Date 8/01/2007 First Coupon Date 8/01/2008 First available call date 2/01/2015 Call Price 100.0000000% Yield Statistics Bond Year Dollars $38,742.50 Average Life 9.415 Years Average Counon 4.3331354% Net Interest Cost (NIC) 4.4659031% True Interest Cost (TIC) 4.4858757% All Inclusive Cost (AIC) 4.6151391% Page 5 NORTHLAN DIMSECURITIES 7515 Wayzata Blvd. #115 Minneapolis, MN 55426 Couri, MacArthur & Ruppe Attn: Michael Couri, City Attorney of Albertville 705 Central Avenue East St. Michael, MN 55376-0369 Minneapolis: 952-544-8966 St. Paul 651-209-6159 Central Fax 952-544-8969 July 2, 2007 RE: Appraisal of six commercial properties along the County Road 19 Corridor Parcels 2, 4,13 (Vacant land); 17 (existing retail); 10, 12 (existing office) Albertville, MN (see attached map for parcels) Dear Mr. Couri: Thank you for your interest in obtaining appraisal services regarding the property above. Per our conversation, you indicated an appraisal report with the following research and analysis is needed. Report Use-, The report use is for assessment benefit determination regarding a street improvement project along County Road 19 concerning the above parcels. Value Type: Current before and after market value(s) will be provided as it relates to Highest and Best Use per Uniform Standards of Professional Appraisal Practice. Froperty Description: See above. Contact for access: Scope of Report: (1) An inspection of the property and view the neighborhood. (2) Report the physical and/or economic factors that could affect the property. (3) Limited research and analysis of pertinent market data. Only the necessary methods and approaches to value will be applied- (4) Where appropriate, comparables will be listed on a grid, not necessarily verified or driven by. (5) Report findings and conclusions. Report Format: A Restricted Use Report (concise narrative format) will be used. It has short statements of the data, analysis and conclusions. Appropriate photos, maps and exhibits are included. Two hard copies of the report provided. Fee: The fee is $1,500 per parcel. City is responsible for payment. Any litigation proceedings/preparation is extra and would be billed at $100 per hour. Due Date.. The report can be completed by '1-26-0= provided signed confirmation is prompt. Information needed by the appraiser at inspection: PIN's of properties. Our company has 10 employees and has been in business since 1968 and has sufficient knowledge, experience, education and resources to competently complete this assignment. Neither the employment to make the appraisal, nor the compensation for it, is contingent upon the appraised value of the property. If you agree to the above terms, please sign below and return by fax or mail. If you have any additional questions, please do not hesitate to contact me. Sincerely, Cle Mayor, William R. Waytas, SRA, CRP Certified General 4000813, MN Date www.calinageli.com r ali 3--7 a dw T '♦ rt.��__ _f_ = TIER 1 = TIER 2 = TIER 3 7 r 4. k � z x Ta � ti FINANCIAL ADVISORY SERVICE AGREEMENT BY AND BETWEEN THE CITY OF ALBERTVILLE, MINNESOTA NORTHLAND SECURITIES, INC. This Agreement made and entered into by and between the City of Albertville, Minnesota (hereinafter "City") and Northland Securities, Inc., of Minneapolis, Minnesota (hereinafter "NSI"). WITNESSETH WHEREAS, the City desires to use the services of NSI related to the issuance of City bonds as described herein ("Debt"), and WHEREAS, NSI desires to furnish services to the City as hereinafter described, NOW, THEREFORE, it is agreed by and between the parties as follows: SERVICES TO BE PROVIDED BY NSI Debt Issuance: Serve as the City's Financial Advisor for the issuance of the Debt. NSI shall provide all services necessary to analyze, structure, offer for sale and close the transaction. Examples of the services include the following: Planning and Development + Meet with City officials and others as directed to define the scope and the objectives " Assemble and analyze relevant statistical information. * Prepare a preliminary feasibility study or discuss with City officials possible funding options and the fiscal implications of each. " Prepare details on the recommended options - information on the issue structure, method of issuance, term, sale timing, call provisions, etc. " Prepare a schedule of events related to the issuance process. * Attend meetings of the City Council and other project and bond issue related meetings as needed and as requested. Bond Sales • Prepare, cause to be printed, and distribute the Official Statement and Bid Form to prospective bidders. " Cause to be published the Official Notice of Sale if required by law. " Recommend whether the issue should secure a bond rating. If the issue is to be rated, prepare and furnish to the rating agencies the information they require to evaluate the issue and provide their rating. Serve as the City's representative to the rating agencies. • Directly contact underwriters most likely to serve as syndicate managers to assure that bidding interest is established. Page 1 * Assist the City in receiving the bids, compute the accuracy of the bids received, and recommend to the City the most favorable bid for award. Coordinate with bond counsel the preparation of required contracts and resolutions. Post Sale Support Coordinate the bond issue closing including making all arrangements for bond printing, registration, and delivery. Furnish to the City a complete transcript of the transaction. Assist, as requested by the City, with the investment of bond issue proceeds. Investment Assistance: Should the City desire to invest the proceeds from the Debt issuance or any other funds of the City through NSI in its capacity as a broker, NSI shall, at all times, transact such investments as principal. COMPENSATION For the proposed sale by the City in 2006 of its approximate $ 4,115,000 General Obligation Improvement Bonds, 2007A Series (the "Bonds"), NSI's fee shall be a lump sum of $20,900.00. The fee due to NSI shall be payable by the City upon the closing of the Bonds. NSI agrees to pay the following expenses from its fee: * Out-of-pocket expenses such as travel, long distance phone, and copy costs. * Production and distribution of material to rating agencies and/or bond insurance ^ companies. Preparation of the bond transcript. The City agrees to pay for all other expenses related to the processing of the bond issue(s) including, but not limited to, the following: Engineering and/or architectural fees. * Publication of legal notices. Bond counsel and local attorney fees. * Fees for various debt certificates. * The cost of printing Official Statements, if any. City staff expenses. * Airfare and lodging expenses of one NSI official and City officials when and if traveling to New York City for rating agency presentations. Rating agency fees, if any. Bond insurance fees, if any. * Accounting and other related fees. It is expressly understood that there is no obligation on the part of the City under the terms of this Agreement to issue the Bonds. If the Bonds are not issued, NSI agrees to pay its own expenses and receive no fee for any services it has rendered. Page 2 SUCCESSORS OR ASSIGNS The terms and provisions of this Agreement are binding upon and inure to the benefit of the City and NSI and their successors or assigns. TERM OF THIS AGREEMENT This Agreement may be terminated by thirty (30) days written notice by either the City or NSI and it shall terminate sixty (60) days following the closing date related to the issuance of the Bonds. Dated this 2nd day of July, 2007. Northland a unties, Inc. By: iebard G. As eson, Sr. Vice President City of Albertville, Minnesota By: Page 3 FINANCIAL ADVISORY SERVICE AGREEMENT BY AND BETWEEN THE CITY OF ALBERTVILLE, MINNESOTA NORTHLAND SECURITIES, INC. This Agreement made and entered into by and between the City of Albertville, Minnesota (hereinafter "City") and Northland Securities, Inc., of Minneapolis, Minnesota (hereinafter "NSI"). WHEREAS, the City desires to use the services of NSI related to the issuance of City bonds as described herein ("Debt"), and WHEREAS, NSI desires to furnish services to the City as hereinafter described, NOW, THEREFORE, it is agreed by and between the parties as follows: SERVICES TO BE PROVIDED BY NSI Debt Issuance: Serve as the City's Financial Advisor for the issuance of the Debt. NSI shall provide all services necessary to analyze, structure, offer for sale and close the transaction. Examples of the services include the following: Planning and Development Meet with City officials and others as directed to define the scope and the objectives Assemble and analyze relevant statistical information. Prepare a preliminary feasibility study or discuss with City officials possible funding options and the fiscal implications of each. * Prepare details on the recommended options - information on the issue structure, method of issuance, term, sale timing, call provisions, etc. Prepare a schedule of events related to the issuance process. Attend meetings of the City Council and other project and bond issue related meetings as needed and as requested. Bond Sales • Prepare, cause to be printed, and distribute the Official Statement and Bid Form to prospective bidders. • Cause to be published the Official Notice of Sale if required by law. • Recommend whether the issue should secure a bond rating. If the issue is to be rated, prepare and furnish to the rating agencies the information they require to evaluate the issue and provide their rating. Serve as the City's representative to the rating agencies. • Directly contact underwriters most likely to serve as syndicate managers to assure that bidding interest is established. Page 1 * Assist the City in receiving the bids, compute the accuracy of the bids received, and recommend to the City the most favorable bid for award. Coordinate with bond counsel the preparation of required contracts and resolutions. Post Sale Support * Coordinate the bond issue closing including making all arrangements for bond printing, registration, and delivery. Furnish to the City a complete transcript of the transaction. * Assist, as requested by the City, with the investment of bond issue proceeds. Investment Assistance: Should the City desire to invest the proceeds from the Debt issuance or any other funds of the City through NSI in its capacity as a broker, NSI shall, at all times, transact such investments as principal. COMPENSATION For the proposed sale by the City in 2006 of its approximate $ 4,115,000 General Obligation Improvement Bonds, 2007A Series (the "Bonds"), NSI's fee shall be a lump sum of $20,900.00, The fee due to NSI shall be payable by the City upon the closing of the Bonds. NSI agrees to pay the following expenses from its fee: * Out-of-pocket expenses such as travel, long distance phone, and copy costs. * Production and distribution of material to rating agencies and/or bond insurance companies. * Preparation of the bond transcript. The City agrees to pay for all other expenses related to the processing of the bond issue(s) including, but not limited to, the following: * Engineering and/or architectural fees. * Publication of legal notices. * Bond counsel and local attorney fees. * Fees for various debt certificates. * The cost of printing Official Statements, if any. * City staff expenses. * Airfare and lodging expenses of one NSI official and City officials when and if traveling to New York City for rating agency presentations. Rating agency fees, if any. * Bond insurance fees, if any. * Accounting and other related fees. It is expressly understood that there is no obligation on the part of the City under the terms of this Agreement to issue the Bonds. If the Bonds are not issued, NSI agrees to pay its own expenses and receive no fee for any services it has rendered. Page 2 SUCCESSORS OR ASSIGNS The terms and provisions of this Agreement are binding upon and inure to the benefit of the City and NSI and their successors or assigns. TERM OF THIS AGREEMENT This Agreement may be terminated by thirty (30) days written notice by either the City or NSI and it shall terminate sixty (60) days following the closing date related to the issuance of the Bonds. Dated this 2nd day of July, 2007. Northland Aeurities, Inc. By: 7 K-0 ichard G. As eson, Sr. Vice President City of Albertville, Minnesota By: Page 3 y FINANCE PLAN SUMMARY FOR CITY OF ALBERTVILLE, MINNESOTA $4,115,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2007A NORTHLAND 10 SECURITIES 45 South Th Street Suite 2500 Minneapolis, MN 55402 612-851-5900 800-851-2920 June 27, 2007 City of Albertville, Minnesota $4,115,000 General Obligation Improvement Bonds, Series 2007A Financing Overview: The Bonds will be issued pursuant to Minnesota statutes 475 and 429 to fund various public improvement projects within the City including CSAH 19, Lachman Development, 52nd Street / Industrial Park and Storm Water Ponds. The City's total combined cost of the projects is $4,281,901. The net financing requirement is $4,115,000 inclusive of all financing costs. The estimated fifteen year debt service structure is shown as Exhibit A. The total principal and interest structure assumes a current average market interest rate of 4.33% and is structured to achieve a level annual payment. The total estimated sources and uses are as follows: Lachman Industrial Storm Water Issue CSAH 19 Development Park Ponds Summary Sources Of Funds Par Amount of Bonds $1,650,000.00 $550,000.00 $1,115,000.00 $800,000.00 $4,115,000.00 Storm Water Funds 260,000.00 260,000.00 Total Sources $1,650,000.00 $550,000.00 $1,115,000.00 $1,060,000.00 $4,375,000.00 Uses Of Funds Total Underwriter's Discount (1.250%) 20,625.00 6,875.00 13,937.50 10,000.00 51,437.50 Costs of Issuance_ 15,505.59 5,168.53 10,478.02 7,517.86 38,670.00 Deposit to Project Construction Fund 1,611,926.00 538,975.00 1,087,000.00 1,044,000.00 4,281,901,00 Rounding Amount 1,943.41 (1,018.53) 3,584.48 (1,517.86) 2,991.50 Total Uses $1,650,000.00 $5509000.00 $1,115,000.00 $1,060,000.00 $4,375,000.00 Page 2 NORTHLAND SECURITIES Summary of Recommended Terms: 1. Type of Bond Sale 2. Proposals Received 3. Council Consideration Public Offering - Sealed Bids Monday July 30, 2007 @ 11:00 A.M. Monday July 30, 2007 @ 7:00 P.M (Special Meeting) 4. Repayment Term The Bonds will mature annually each February 1, 2009 - 2023. Interest on the Bonds will be payable on August 1, 2008 and semiannually thereafter on each February 1 and August 1. 5. Security General obligation of the City. In addition, special assessments totaling $3,710,000 will be pledged to the repayment of the bonds. The assessments are expected to be filed in the fall of 2007 for first collection in 2008 over a term of 15 years at approximately 6.50%. The City does not expect to need a debt service tax levy. 6. Prepayment Option The Bonds maturing February 1, 2017 - 2023 will be subject to prepayment on February 1, 2015 at a price of par plus accrued interest. 7. Tax Status Kennedy & Graven, Minneapolis, 8. Credit Enhancement We believe a credit rating will be cost beneficial. The City's general obligation debt is currently rated A2 by Moody's Investors Service. In addition, we will submit the City's credit information to the AAA bond insurers for qualification. Page 3 NORTHLAND SEC URITIES Related Considerations: • Bank Qualified - because total tax-exempt debt issued by the City in calendar year 2007 is expected to be less than $10.OM, the bonds will be designated as "bank qualified" obligations pursuant to Federal Tax Law. The impact of this designation may result in slightly lower interest rates since banking institutions will be interested in purchasing the bonds. We have adjusted the estimated interest rates accordingly. • Arbitrage Compliance - o Project / Construction Fund — All tax exempt issues are subject to federal rebate requirements which require all arbitrage earned to be rebated to the U.S. Treasury. A rebate exemption the City expects to qualify for is the "small issuer exemption" because the City expects to issue less than $S.OM of tax exempt bonds, including any 501 C 3 conduit financings, in calendar year 2007. o Debt Service Fund — The City must maintain a bona fide debt service fund for the bonds or be subject to yield restriction in the debt service fund. A bona fide debt service fund involves an equal matching of revenues to debt service expense with a balance forward permitted equal to the greater of the investment earnings in the fund during that year or 1/12 of the debt service of that year. The City should become familiar with the various Arbitrage Compliance requirements for this bond issue. The Bond Resolution explains the requirements in greater detail. We are also available to assist the City in meeting these requirements. • Book Entry - The Bonds will be global book entry with a bank designated as the paying agent. As "paperless" bonds, you will avoid the cots of bond printing and annual registrar charges. The Paying Agent will invoice you for the interest semiannually and on an annual basis for the principal coming due. You will be charged only for paying agent/transfer agent services provided by the bank. This cost of services has been capitalized into the bond issue. • Continuing Disclosure - Because this issue is greater than $1,000,000, and the City's outstanding debt exceeds $10.OM, it is subject to the Securities and Exchange Commission's continuing disclosure requirements. Northland Securities is prepared to assist the City in this capacity. Page 4 NORTHLAND 0 SECURITIES EXHIBIT A Debt Service Schedule Date Principal Coupon Interest Total PA Fiscal Total 08101 /2007 - - 08/01/2008 - - 174,955.00 174,955.00 - 02/01/2009 125,000.00 3.850% 87,477.50 212,477.50 387,432.50 O8/01/2009 - - 85,071.25 85,071.25 - 02/01/2010 215,000.00 3.950% 85,071.25 300,071.25 385,142.50 08/01 /2010 - - 80, 825.00 80, 825.00 _ 02/01/2011 225,600.00 4.000% 80,825.00 305,825.00 386,650.00 08/01/2011 - - 76,325.00 76,325.00 - 02/01/2012 235,000.00 4.000% 76,325.00 311,325.00 387,650.00 08/01/2012 - - 71,625.00 71,625.00 - 02/01/2013 245,000.00 4.100% 71,625.00 316,625.00 388,250.00 O8101/2013 - -_ 66,602.50 66,602.50 - 02/01/2014 255,000.00 4.100% 66,602.50 321,602.50 388,205.00 08/01/2014 - - 61,375.00 61,375.00 - 02/01/2015 260,000.00 4.250% 61,375.00 321,375.00 382,750.00 08/01/2015 - - 55,850.00 55,850.00 - 02/01/2016 275,000.00 4.200% 55,850.00 330,850.00 386,700.00 08/01/2016 - - 50,075.00 _ 50,075.00 - 02/01/2017 285,000.00 4.250% 50,075.00 335,075.00 385,150.00 08/01/2017 - 44,018.75 44,018.75 - 02/01/2018 300,000.00 4.300% 44,018.75 344,018.75 388,037.50 08/01/2018 - - 37,568.75 37,568.75 - 02/01/2019 310,000.00 4.350% 37,568.75 347,568.75 385,137.50 08/01/2019 - - 30,826.25 30,826.25 02/01/2020 330,000.00 4.400% 30,826.25 360,826.25 391,652.50 O8/01/2020 - - 23,566.25 23,566.25 - 02/01/2021 335,000.00 4.450% 23,566.25 358,566.25 382,132.50 08101 /2021 - - 16,112.50 16,112.50 - 02/01/2022 350,000.00 4.450% 16,112.50 366,112.50 382,225.00 08/01/2022 - - 8,325.00 8,325.00 - 02/01/2023 370,000.00 4.500% 8,325.00 378,325.00 386,650.00 Total $4,115,000.00 - $1,678,765.00 $5,793,765.00 Date And Term Structure Dated - — 8/01/2007 Delivery Date 8/01/2007 First Coupon Date 8/01/2008 First available call date 2/01/2015 Call Price 100.0000000% Yield Statistics Bond Year Dollars $38,742.50 Average Life 9.415 Years Average Coupon 4.3331354% Net Interest Cost (NIC) 4.4659031 % True Interest Cost (TIC) 4.4858757% All Inclusive Cost (AIC) 4.6151391 % Page 5 NORTHLAND SECU RITIES Albertville City Council July 2, 2007 Attendance Page 1 PRINT Name Address City Speak - Citizen Forum - issue or concern Jane Smith 1325 Any Street NE Albertville Item on agenda John Doe 1295 Your Street NE Annandale Cars speeding jj r� S "Saw I S%5 V %+ Sf "c.. 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