HomeMy WebLinkAboutWK - April 30, 2013ANL6 Y O F 6
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1685 CROSSTOWN BOULLVARU N.W. • ANUUVtR, MINNESUTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV
City Council Workshop
Tuesday, April 30, 2013
Conference Rooms A & B
1. Call to Order— 6:00 p.m.
2. Approve Appointment -Streets Maintenance Worker -Administration
3. Discuss Grey Oaks PUD Concerns
4. Discuss Sanitary Sewer Availability - Engineering
5. 2013 -2014 City Council Goals and Values Discussion& 2012 -2013 City Council Goals and
Values Progress Report
6. 2014 Budget Development Discussion
7. 2013 General Fund Budget Progress Report
8. March 2013 City Investments Review
9. Other Topics
Closed Session — Property Negotiations /PID's #11- 32 -24 -31 -0001 & #29- 32 -24 -44 -0022
10. Adjournment
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1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US
TO: Mayor and Councilmembers
CC: James Dickinson, City Administrator
FROM: Dana Makinen, Human Resources Man
SUBJECT: Approve Appointment — Streets Maintenance Worker
DATE: April 30, 2013
INTRODUCTION
On April 2, 2013 the City Council approved the hiring of Darr in Hanson for Streets Maintenance Worker,
he no longer meets the minimum qualifications for this position. Due to the City of Andover's need to
immediately fill the Streets Maintenance Worker position the next qualified person is being
recommended for the position.
The initial interview team consisted of the Director of Public Works/Engineering, the Human Resources
Manager and the Streets Supervisor. There were 46 applications submitted and 12 applicants were
interviewed.
The interview team recommends hiring Ryan Eggnik. Mr. Eggink has been a seasonal employee
working in the streets department at another City for the past 2 years. Mr Eggink has his Class B license
and has extensive construction experience.
The proposed starting date for this position would be May 6, 2013.
BUDGETIMPACT
Mr. Eggink has been offered $41,497.60 annually, which is the 2013 probation salary, and then would be
eligible for any general increases and annual step increases after successful completion of a 6 -month
probationary period.
ACTION REQUESTED
The Council is requested to appoint Ryan Eggink as the new Streets Maintenance Worker in the Public
Works Department.
Respectfully sub itted,
Dana Makinen
TO:
(2)
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.AN DOVER. MN. US
FROM:
SUBJECT:
Mayor and Council Members
Jim Dickinson, City Administrator
Discuss Grey Oaks PUD Concerns
DATE: April 30, 2013
INTRODUCTION
In response to concerns raised by residents at the March 19 °i City Council meeting Resident Forum
(minutes attached), the Council directed that concerns raised about the Grey Oaks PUD be discussed at a
future Council workshop.
DISCUSSION
Attached to this staff report are answers that City Administration provided to the resident that submitted
questions at the March 19th City Council meeting.
At the workshop, City Administration will be prepared to provide an update on Grey Oaks PUD activities
to date.
ACTION REQUESTED
Receive a brief presentation, review and discuss the attached materials and provide direction to
staff.
submitted,
Ji
REGULAR ANDOVER CITY COUNCIL MEETING — MARCH 19, 2013
MINUTES
The Regular Bi- Monthly Meeting of the Andover City Council was called to order by Mayor
Mike Gamache, March 19, 2013, 7:00 p.m., at the Andover City Hall, 1685 Crosstown
Boulevard NW, Andover, Minnesota.
Councilmembers present: Mike Knight, Sheri Bukkila, Julie Trude and Tony Howard
Councilmembers absent: None
Also present: City Administrator, Jim Dickinson
Community Development Director, Dave Carlberg
Public Works Director /City Engineer, David Berkowitz
City Attorney, Scott Baumgartner
Others
PLEDGE OF ALLEGIANCE
RESIDENT FORUM
Resident of Grey Oaks were at the meeting with some concerns regarding their development and
association. They submitted a list of items of concern:
• Rental property advertisements
• Association split status
• Senior status of the Grey Oaks Community
• What is the City's position on leases of less than six months?
• Why were squad cars in the parking lot adjacent to Building #3?
• Why does the City continue to do nothing to recognize the fact that owners in Building 3
have been placed in a position that is totally inconsistent with sales material and
understandings at the time of purchase
• Has the City done anything to advise the Anoka County Board of matters relative to the
Grey Oaks Community
• A CCTV system was installed because of theft and damage to building and a new lock
system in place effective March 15`h due to inability to know who had keys to the
building. Both of these expenditures were deemed unnecessary prior to mass rental in
this building.
Mr. Dennis Falenschek, 15631 Linnet Street, representing the Grey Oaks residents present this
evening, stated the residents of Grey Oaks have come to the meeting because they continue to be
concerned about what is happening within Grey Oaks.
Regular Andover City Council Meeting
Minutes —March 19, 2013
Page 2
Mr. Falenschek reviewed the residents' concerns with the Council.
Mr. Falenschek stated the residents would like to see something that prohibits any lease for less
than six months if rental of units is going to continue to be permitted. He also indicated the
residents were concerned after seeing five squad cars in their parking lot and not knowing what
was going on.
Mr. Dickinson updated the Council and residents on the census materials received from the Grey
Oaks Homeowners Association. He noted the information provided shows the association is in
compliance with the 55 and older age requirement. He stated the City is active in watching this
process and is in communication with the Bank of Elk River and the Grey Oaks Homeowners
Association.
Mayor Gamache asked if the bank acts as the actual landlord for renters. Mr. Dickinson stated
that would still be with Grey Oaks LLC and other condo owners.
Mayor Gamache stated if Grey Oaks splits into two owners associations they would still have to
fall within the rules and regulations that are set in place on the senior requirement as part of the
PUD approval. He wondered how it affects the agreement signed when Grey Oaks was built.
Mr. Dickinson stated they would be looking at the overall approval of the PUD and he thought
that might be the crutch of some of the reasons as to why they have not completed the
association split yet, there needs to be senior compliance.
City Attorney Baumgartner stated he reviewed the documents in June 2012 and what he did at
that time was he emailed Mr. Carlberg indicating "After reviewing these documents it appears
that the senior housing requirements contained in the original underlying association documents
was also included in the amended documents for Grey Oaks at Andover as well as the new Grey
Oaks at Andover Estates thus it appears the original intention of making the housing senior
housing will continue to the severed property ". He recalled that at the time it appeared that the
intent was to continue on with the age requirement into the severed property.
City Attorney Baumgartner stated he sent a letter to the association in August 2012 objecting to
some language that was removed giving the City certain rights, the association apologized, said it
was an oversight, fixed it and recirculated the document. Mr. Dickinson indicated staff would
research the issues brought forth and get back to the Council.
Councilmember Trade stated this was approved as an owner occupied housing development and
the parking was based on seniors as owners and she thought that those were some of the areas
that they, as a City, reviewed and their oversight was based on promises made. She thought they
could look at this because the City reviewed this plat a whole different way than if it was an
apartment building.
Mayor Gamache wondered if there is something the City could do. Councilmember Trade stated
they have sent letters and the association needs to provide more parking and maybe further
Regular Andover City Council Meeting
Minutes —March 19, 2013
Page 3
review if these are now rental units. Mr. Dickinson indicated they can look at the parking
situation.
Ms. Ruth LaPointe, Building 3, stated every time they bring something to the association board
they are told that the association is going to wait to do something until the split is done. She
noted their building was never full until they became rentals.
Mr. Dickinson indicated he will get back to the Council and residents on the information he finds
out.
Councilmember Trade suggested this item be considered at a workshop meeting. City Attorney
Baumgartner agreed and cautioned everyone regarding this item because the further down the
road they get, the closer it looks like the City could consider stepping in and at that point in time,
he would be asking for a closed session. He thought the best approach would be to have Mr.
Dickinson look at options and bring it to a future work session to discuss options.
AGENDA APPROVAL
Staff presented supplemental information for Items 8, 9, and 12.
Motion by Trade, Seconded by Howard, to approve the Agenda as amended above. Motion
carried unanimously.
APPROVAL OF MINUTES
February 26, 2013, Workshop Meeting: Correct as written.
Motion by Trade, Seconded by Howard, to approve the minutes as presented. Motion carried
unanimously.
March S, 2013, Regular Meeting: Correct as written.
Motion by Trade, Seconded by Howard, to approve the minutes as presented. Motion carried 4
ayes, 1 present (Bukkila).
March S, 2013, Closed Session Meeting: Correct as written.
Motion by Trade, Seconded by Howard, to approve the minutes as presented. Motion carried 4
ayes, 1 present (Bukkila).
CONSENT ITEMS
Item 2 Approve Payment of Claims
Item 3 Approve Plans & Specs /Order Advertisement for Bids /11- 47/174' Ave. NW,
City Council Meeting March 19, 2013
• Rental Property Advertisements — Anoka County Shopper
No Advertisements of units for sale noted.
Response: More units are for rent than just those owned by Grey Oaks LLC, just looking
on Craigslist, it appears there are units in other buildings(not just building #3) being
advertised for rent. One unit was listed with a realtor, another through Renters
Warehouse in addition to Grey Oaks LLC's units advertised for rent.
• Association Split Status —Condominium Buildings /Single Family and Twin Homes
What is Council's position on this matter?
Response: The City staff & City Attorney have reviewed what had been submitted by the
Grey Oaks Owners Association (Association) relative to the Association split. The age
restriction component is included in the new documents. To date the association split has
not been completed.
• Senior Status of Grey Oaks Community.
What is the city doing to enforce any permits approved or licenses granted that stipulated
that Grey Oaks was a senior community?
Response: The City is listed as a third party beneficiary in the association documents.
The City requested an inventory on the age restriction status from the Association last fall.
The inventory was received from the Association and it was determined to be in
compliance with the age restriction requirement, although by a very slim margin. The City
sent correspondence to the Association warning of the slim compliance and encouraging
stronger oversight.
• What is the city's position on leases of less than six months?
We have had a large turnover of renters in the last year. We believe one unit has been
rented at least 4 times. Is this acceptable to the city?
Response: City has no position on the leases, this is really up to the owner of the
property.
• Yesterday five squad cars were noticed in the parking lot adjacent to Building #3. We
have no idea why they were here but are concerned with the safety of owners and the
potential for disturbances in the building.
Response: This was a medical call and not for any criminal activity..
• Why does the city continue to do nothing to recognize the fact that owners in Building 3
have been placed in a position that is totally inconsistent with sales material and
understandings at the time of purchase?
Response: The City monitors for senior compliance. Whether owners have been placed
in a position that is inconsistent with sales materials is a disclosure issue between the
marketer of the properties and the owner of the units.
• Has the city done anything to advise the Anoka County Board of matters relative to the
Grey Oaks Community?
It is our understanding that Anoka County also approved documents and permits related to
Grey Oaks.
Response: Anoka County Property Records and Taxation records the real estate
documents, they did not issue permits for this project.
• CCTV system installed because of theft and damage to building. New Lock system in
place effective March 15`h due to inability to know who had keys to the building.
Both of these expenditures were deemed unnecessary prior to mass rental in the building.
Response: The City was not involved in this decision, this is an Association issue.
CC I T Y 0 IN � -�
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.AN DOVE RMN.GOV
TO:
CC:
FROM:
SUBJECT:
DATE:
Mayor and Council Members
Jim Dickinson, City Administrator .
David D. Berkowitz Director of Public Works /City Engineer
Discuss Sanitary Sewer Availability - Engineering
April 30, 2013
INTRODUCTION
The City Council is requested to discuss sanitary sewer availability east of Hanson Boulevard
and north of 161St Avenue.
DISCUSSION
In 2002 the City completed the "Rural Reserve" exercise to determine future developable area
within the City. Sanitary sewer capacity was identified east of Hanson Boulevard and north of
161St Avenue based on the report. The consultant that prepared the report based the findings on
the best available data at that time. Country Oaks West, White Pine Wilderness and properties
west of White Pine Wilderness were planned for development and allocated the available
sanitary sewer capacity. Country Oaks West and phase 1 of White Pine Wilderness were
constructed in 2005 and 2006 respectively and the area west of White Pine Wilderness has not
been developed.
In 2008 as part of the City's Comprehensive Plan update a comprehensive sanitary sewer model
was developed by City staff. This model is based on updated information of actual connections
and sanitary sewer information that was previously identified in detailed studies and reports. The
model identifies a more accurate and comprehensive evaluation of the City's sanitary sewer
system.
A developer has approached the City to see if additional connections can be made north of
Country Oaks West. As the model has been updated and reviewed there are additional
connections that are available. The detail of this information along with maps will be presented
and discussed at the meeting.
ACTION REQUIRED
The City Council is requested to discuss sanitary sewer capacity east of Hanson Boulevard and
north of 161St Avenue and direct staff on how to proceed with the information presented.
Respectfully submitted,
David D. Berkowitz
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US
TO
FROM:
SUBJECT:
Mayor and Council Members
Jim Dickinson, City Administrator
(D
2013 -2014 City Council Goals and Values Discussion & 2012 -2013 City Council Goals
and Values Progress Report
DATE: April 30, 2013
INTRODUCTION
On June 5, 2012 the City Council adopted the attached City of Andover 2012 -2013 Goals and Values.
The values and goals were summarized into the following categories:
1. Fiscal
2. Commercial/Residential Development/Redevelopment
3. Collaboration
4. Service Delivery
5. Livability /Image
DISCUSSION
The attached City of Andover 2012 -2013 Goals and Values contain progress report segments that have
been updated to date. The Council will be asked if acceptable progress is being made.
Also at the workshop, City Administration utilizing the Smart Board will facilitate a discussion to start
the process of establishing the 2013 -2014 City Council Goals and Values.
ACTION REQUESTED
Receive a brief presentation, review and discuss the progress being made on the 2012 -2013 Council
Goals and Values, and participate in a discussion to start the process of establishing the 2013 -2014
City Council Goals and Values.
Res ctfully submitted,
Dickinson
achment
City of Andover
2012 -2013 Goals and Values
Fiscal Values:
Statement: The City recognizes the following fiscal values as the basis for delivering current
and future services to the residents of Andover.
1. Assure city financial stability through cost effective services.
2. Focus spending on community needs; wants need to be supported by new or redirected
sustainable revenues.
3. Explore new revenue streams.
4. Don't commit dollars today that will commit the City to unsustainable future expenses.
Progress Report:
• The 2011 &2012 budgets completed the year with both positive revenue and expenditure
variances. The 2013 Budget was developed with specific guidelines that were adopted
by the City Council and is being implemented following directives consistent with the
adopted Fiscal Values.
• Looking forward to 2014 the City Council again adopting specific guidelines for the
budget development; those guidelines will have the Council and City Staff continually
analyze services.
• The annual Capital Improvement Plan (CIP) development process evaluates current
and future infrastructure improvements extensively to assure long term financial
sustainability.
City of Andover
2012 -2013 Goals and Values
Commercial/Residential Development/Redevelopment Goals:
Value statement: The City wants to be supportive of those invested in or wanting to be
invested in our community.
1. Review TIF district expirations; discuss future planning and options available which may
include the creation of new TIF Districts.
2. Facilitate upgrades or redevelopment of blighted or underdeveloped commercial /industrial
parcels.
3. Help stimulate business growth in Andover through more business friendly municipal costs,
regulations and support programs.
4. Develop a business outreach plan to improve City relationships with the business community.
5. Analyze existing commercial areas to determine if expansion is feasible and seek out new areas
to serve the community.
6. Continually evaluate how to meet sewer /water and street needs of any proposed development
and redevelopment projects.
7. Review City development processes to help reduce unnecessary steps, time delays and
development costs.
Progress Report.
• TIF district status is reviewed periodically with the EDA. The EDA has started the
process of acquiring blighted properties making way for future redevelopment options.
• Staff working with Anoka County has been successful in acquiring and remarketing
properties as part of the Anoka County Neighborhood Stabilization project.
• The City Council eased signage restrictions, reduced commercial water utility
connection charges, initiated and completed a retail market analysis, and created an
additional TIF District to facility the Arbor Oaks senior housing project.
• The City Council approved for 2012 & 2013 a pilot project for residential developers
where the fixed fees, along with park dedication & trail fees, are collected at the time
of building permit and variable fees be collected at time of final plat. The collection
process is outlined in the development contract for each plat, and the developer signs
an assessment agreement in the event the lots are not built on within two years the City
would assess the fees to the lots not yet built on.
• City Staff has increased involvement with the local chambers of commerce and is
continually making efforts to get out and visit business owners to determine their needs.
The Anoka Area Chamber and Metro North Chamber relationships are positive.
• Relative to evaluating sewer /water needs of proposed development, the primary
involvement has been offering municipal service at the time of reconstruction of
roadways. The City was successful in securing CDBG grants to make water service
available to two previously un- serviced neighborhoods.
City of Andover
2012 -2013 Goals and Values
Collaboration Goals:
Value statement: The City is supportive of collaboration efforts that are cost - effective and
improve efficiency in delivering services.
1. Rethink how we deliver existing basic city services and seek lower cost with increased
productivity.
2. New collaboration opportunities must be a win -win for the participating cities.
3. Continue to work on developing working relationships with: school district, county, and
adjoining cities; the goal being to reduce costs, improve delivery of services, and be as efficient
as possible.
4. Seek County support on meeting the City's needs relative to transportation, in particular on
how improvements to County and City infrastructure can solve traffic problems for our
residents, assist existing business, and help attract new businesses.
5. Work with waste /garbage haulers to determine if a more efficient garbage collection process
for the community can be achieved.
Progress Report:
• Council directives and departmental expectations for the 2012 & 2013 budget
implementation stress seeking out efficient and cost effective services.
• The City is pursuing collaborative opportunities with the County, School Districts, and
neighboring cities. City Administration is currently working with the County to
determine if the County Facility Maintenance Management System could provide
efficiencies to the City. The City is also working with the County and the City of Coon
Rapids to develop a regional dog park at Bunker Hills Regional Park.
• City, County & School district are all involved in evaluating solutions to traffic impacts
by and around Andover High School.
• The Bunker Lake Boulevard /7`h Ave reconstruction project is a good example of how
Cities and County can work together on transportation issues. Progress is being made,
although there still are many other locations along County roads that are in need of
County participation, either by the County actually doing a construction project or
allowing the City or a proposed development to do a construction project. Projects
would include: turn - lanes, additional lanes, controlled intersections or reasonable
access to a County road.
City of Andover
2012 -2013 Goals and Values
Service Delivery Goals:
Value statement: The City is committed to providing efficient and cost - effective city
services.
1. Determine if the City should reduce maintenance on parks not used or useable for cost savings;
consider elimination of tot lots; focus development on larger parks and an expanded trail
system.
2. Review the City relationships with the local sports associations to help provide for exceptional
program delivery to the community.
3. Pursue paperless opportunities whenever possible and feasible.
4. Analyze the "administrative fine" process to reduce use of courts, increase local revenues, and
improve code compliance.
5. Explore opportunities with law enforcement to improve community policing.
6. Pursue local programming during summer or school days for the community youth by effective
utilization of the Community Center and the City's relationships with local service
organizations.
7. Continually review our processes to reduce unnecessary or unwanted service deliveries.
8. Discuss employee salaries and the review process with the budget development process, this
should include reviewing salary ranges, cost of living adjustments (COLA), longevity, and
merit based pay.
Progress Report.
• The Park Commission along with City Staff has evaluated all City Park properties to
determine future uses and improvements. Along with this process the Park Commission
has invited the local sports associations and neighborhoods to participate in the
process.
• A task force was created to explore whether or not artificial turf is an option for the
City to consider enhancing or expanding the current field offerings. A final report from
this task force was presented to the Council in June 2012. In response the City Council
purchased a 39 acre parcel to meet field demand, a master plan was developed and
construction is anticipated to start in summer 2013.
• The City is currently using a paperless City Council packet and City Staff is continually
encouraged to use electronic meanings of communication to limit paper use and to
make presentations. The City data imaging project of historical documents is complete,
current work product is scanned and archived on an ongoing basis.
• City Administration and the City Attorney have researched administrative fines;
neighboring communities have implemented administrative fines, staff is montoring to
see if they are achieving measured success.
• As part of the 2012 budget process the City expanded the law enforcement contract to
include an additional investigator to help with investigations and to pursue community
policing in current "hot spots " within the community.
Service Delivery Goals (continued):
• The City Council as part of the 2012 & 2013 budget supported a teen after- school
program with the YMCA. This program in conjunction with the Youth First program
are intended to start meeting the early teen programming needs within the community.
• Staff and Council as part of the budget development process will spot light various
service deliveries to determine is the intended purpose of the program is being met or if
the program is needed any longer.
• Employee salaries are evaluated annually; comparisons are made with other like -sized
comparable communities. As part of the 2013 budget development process certain
positions were recommended for adjustment to remain competitive. City
Administration also continues to evaluating a conversion to PTO (paid time offl versus
the current sick and vacation leave program.
City of Andover
2012 -2013 Goals and Values
Livability/Image Goals:
Value statement: The City recognizes that providing quality basic & desired services
enhances the quality of life of our residents.
1. Pursue preserving open space when viable and feasible opportunities are available.
2. Continue efforts along Hanson Boulevard with promoting sustainable landscape.
3. Determine if the Livable Communities Program is a viable program for Andover.
4. Determine if Metro Transit can be expanded into Andover.
5. Be creative in improving and adding amenity options for the residents of Andover.
6. Review recent 2010 Census data and use for planning future projects.
Progress Report:
• The Open Space Commission along with City Staff continues to evaluate properties as
options for the City to purchase as part of the Open Space Referendum program,
negotiations with willing sellers continues. Through the development process, the
preservation of open space has been taken into consideration.
• Each Open Space acquisition proposal going forward will include cost estimates on
access related costs and estimates on future maintenance cost. In addition, as part of
the 2013 budget development a separate budget identifying the ongoing maintenance
cost related to the open space purchases is included.
• The City continues to monitor the past sustainable landscape plantings and will
continue to pursue property owners along Hanson Boulevard to expand the landscape
offering. The Great River Substation landscape improvements were completed.
• Met Council representatives were at a past Council workshop and presented the
benefits of participating in the Livable Communities Program. No decision to
participate was made.
• Updated 2010 Census data and a recent retail market analysis are being used as tools
for economic development marketing.
LNDOVE
b^
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US
TO:
FROM:
SUBJECT:
DATE:
Mayor and Councilmembers
Jim Dickinson, City Administrator
2014 Budget Development Discussion
April 30, 2013
INTRODUCTION
City Administration is starting to focus on the 2014 Annual Operating Budget Development
process and is looking for City Council direction as the preparation of the 2014 Annual
Operating Budget proceeds.
City Administration will review with the Council the bold italics items at the meeting.
DISCUSSION
The following are 2014 Budget Development guidelines were adopted at the April 2nd City
Council meeting:
1) A commitment to a Gross Levy and City Tax Capacity Rate to meet the needs of the
organization yet positions the City for long -term competitiveness through the use of
sustainable revenue sources and operational efficiencies.
Note: Preliminary Anoka County Assessor taxable market value figures for the City of
Andover are reflecting a 4.6% decrease in total taxable market value.
2) Continue with the current procurement and financial plan to appropriately expend the bond
proceeds generated from the successful 2006 Open Space Referendum.
Note: The Open Space Commission and Staff have been active pursuing open space
purchases. It is anticipated closed sessions with the City Council will be held in the near
future to discuss progress.
3) A fiscal goal that works toward establishing the General Fund balance for working capital at
no less than 45% of planned 2014 General Fund expenditures and the preservation of
emergency fund balances (snow emergency, public safety, facility management &
information technology) through targeting revenue enhancements or expenditure limitations
in the 2013 adopted General Fund budget.
Note: With property tax revenues making up 80% of the total General Fund revenues cash
flow designations approaching 50% would be appropriate and are recommended by the
City's auditor.
4) A commitment to limit the 2014 debt levy to no more than 25% of the gross tax levy and a
commitment to a detailed city debt analysis to take advantage of alternative financing
consistent with the City's adopted Debt Policy.
Note: The adopted 2013 debt levy was 18.45% of the gross tax levy, 25% will provide
margin to accommodate the 2013 Equipment Bond debt service. If an additional debt
issuance was considered in 2013 -2014, the impact to the levy would likely not be until 2015.
5) A comprehensive review of the condition of capital equipment to ensure that the most cost -
effective replacement schedule is followed. Equipment will be replaced on the basis of a cost
benefit analysis rather than a year based replacement schedule.
Note: The City Vehicle Purchasing Committee will be performing this analysis, and make
recommendations to the City Council as part of the 2014 -2018 Capital Improvement Plan
development.
6) A team approach that encourages strategic planning to meet immediate and long -term
operational, staffing, infrastructure and facility needs.
Note: The City Council last year adopted 2012 -2013 City Council Goals and Values. It is
anticipate that same process will occur for 2013 -2014.
7) A management philosophy that actively supports the funding and implementation of Council
policies and goals, and a commitment to being responsive to changing community conditions,
concerns, and demands, and to do so in a cost effective manner.
Program Spotlight: Single Family Rental License Program Review
Each month, Administration would like to focus on a specific program as part of the budget
development discussion. The intent is to review with Council programs that have significant
Council interest and to determine if the Council's goals are being met and to also provide to
the Council an analysis from the department/staff that is implementing /administering the
program. Attached you will see a review provided by the staff member administering the
Single Family Rental License Program.
Fund Balance Forecast Update:
Staff will review with the Council at the meeting a 2012 -2013 General Fund Balance Analysis,
Staffing:
A few new staffing requests are expected from City Departments for the 2014 budget.
Administration is anticipating requests from the Fire, Public Works and Building Departments.
Development and building activity is fairly robust at this time, it is anticipated that this activity
will continue into the near future. With various position vacancies, Administration & Human
Resource will continually monitor staffing availability and budget to maintain adequate service
levels to the public.
Lastly, with some anticipated retirements in high level positions, there will need to be a focus on
appropriate succession planning.
Personnel Related Implications:
To date the following are projected issues facing personnel related expenses:
1. Administration and Human Resources will be reviewing position -based salaries in detail
over the next few months to determine if the current compensation package is
competitive with other government entities to ensure competitiveness.
As part of the budget process, pay steps for eligible employees will be included in the
2014 budget proposal. A cost of living adjustment (COLA) will also be explored.
2. A midyear review of the health plan will be conducted with our broker in June.
The City currently offers the employees a high deductible plan ($5,000 family, $2,500
single) with a health spending account (HSA), this was implemented in 2006. As part of
the program, the City pays for 100% of a single health insurance premium, 76% for a
family health insurance premium and contributes annually to the employees HSA.
3. Administration and Human Resources will continue to explore if a PTO conversion
Program should be part of the 2014 budget process.
Contractual Departments:
1. The City Attorney 2013 contract included a 1.5% increase over the 2012 rate.
Discussion for the 2014 contract will likely indicate, if City employees are granted a
COLA, the legal service contract would be treated the same.
2. At the September 4, 2012 Council meeting, the City Council approved the 2013 City of
Andover Law Enforcement Contract with the Anoka County Sheriff's Office. The 2013
Law Enforcement expenditure budget is $2,740,899 which is offset by a Police State Aid
revenue budget of $122,720 and School Liaison revenue budget of $86,524 reflecting a
net tax levy impact of $2,531,655.
The 2012 Sheriff's contract provides for:
a. 80 hours per day of patrol service
b. 6 hours per day of service provided by a Community Service Officer
c. School Liaison Officers in the middle school and high school
d. 2 Patrol Investigators
e. 50% of the Crime Watch Program's coordinator position.
It should be noted that the Sheriff's Department always provides the required number of
deputies for all hours contracted by the City. If the Sheriffs Department has a vacancy
or a deputy is injured etc.., they still provide the City with a deputy at straight time even
though they may have to fill those hours with overtime which at times may cost the
Sheriff's Department additional, but is not billable per the contract
The 2013 Anoka County Sheriff contract maintained the status quo and reflected a
1.74% increase over the 2012 contract.
Staff has had initial discussions with the Anoka County Sheriff on the 2014 contract
with discussions at this point indicatink the City will likely be maintaining the status
quo for 2014.
Council Memberships and Donations /Contributions:
The following memberships /contributions are included in the 2013 General Fund Budget:
• North Metro Mayors Association
$13,709
• Association of Metropolitan Cities (AMM)
$ 9,138
• Mediation Services
$ 3,323
• YMCA — Water Safety Program
$ 7,500
• Alexandra House
$16,000
• Youth First (Program Funding)
$12,000
• Northwest Anoka County Community Consortium
$10,000 JPA — Youth First
• Teen Center Funding (YMCA)
$23,000 Attached report
The following donations /contributions are in the 2013 Charitable Gambling Fund Budget:
• Lee Carlson Central Center for Family Resources $1,500
• Senior High Parties $1,000
Attached for Council review is an "Andover YMCA Youth Center" Council direction is
sought on how to budget for 2014.
Capital Projects and Debt Service Funds
Capital Projects Levy:
Capital Projects Levy — The 2013 Capital Projects Levy Budget specifically designates
$1,296,968 of the general tax levy to capital projects and equipment needs relating to Capital
Outlay ($210,000), Road and Bridge ($967,197), Pedestrian Trail Maintenance ($58,271) and
Park Projects ($61,500). Specific designation of the tax levy to anticipated City needs and
priorities for transportation and trail maintenance, park projects and equipment outlays allows the
City to strategically allocate its resources and raise the public's awareness of City spending
priorities. The Road and Bridge levy is calculated according to Council Policy based on annual
growth increases /decreases, with Capital Outlay, Pedestrian Trail Maintenance and Park Levies
increased according to the City Council budget guidelines.
• Road and Bridge
This levy is proposed for transportation programming related to maintaining City streets,
roadways and pedestrian trails. This would be the seventh year that a portion of the Road
& Bridge Fund is dedicated to pedestrian trail maintenance. This levy is also used for the
City's seal coating and crack sealing programs and for street overlays. The 2013
proposed levy to Roads is $967,197, a 5.44% decrease. The 2013 proposed levy to
pedestrian trail maintenance is $58,271, a 3.0% increase over 2012.
For 2014, it is anticipated that the proposed levy for roads will again decrease since the
preliminary Anoka County Assessor taxable market value figures for the City of
Andover are reflecting a 4.6% decrease in total taxable market value.
• Park Improvements
This levy is an annual appropriation to be used to underwrite park improvement projects
as recommended by the Park and Recreation Commission and approved by the City
Council. This funding is intended to be a long -term supplemental source of capital
funding for park projects that is separately identified in the City's Five -Year Capital
Improvement Plan. The 2013 levy is $61,500, same as 2012; Council direction on this
commitment is sought for the 2014 budget
• Capital Equipment/Projects
Under the Capital Projects Levy, a levy is proposed to be designated to capital
improvement/equipment project expenditures identified through the CIP process.
Through this designation, the City, over time, will build a fund reserve to avoid cash flow
"spikes" and address a wide range of capital improvement needs such as facility
maintenance projects under a more controlled spending environment. The 2013 levy is
$210,000 same as 2012, it is anticipate that the 2014 levy will again reflect a 0%
increase.
Debt Service Levy:
Annually the Finance Department conducts a detailed debt service analysis to monitor
outstanding debt and to look for early debt retirement or refinancing opportunities that will yield
interest expense savings to the City. Staff, along with Ehlers & Associates, will complete that
review and will pursue appropriate refinancing opportunities.
The 2013 Debt Service levy provides for the following debt service levies:
• 2004A G.O. Capital Imp. Bonds
$
381,290
• 2004 EDA Public Facility Revenue
$
452,082
• 2009A G.O. Open Space Referendum
$
184,973
• 2011A G.O. Equipment Certificate
$
101,745
• 2012A G.O. Equipment Certificate
$
125,000
• 2012B G.O. Capital Refunding Bonds
$
138,339
• 2012C Taxable G.O. Abatement Bonds
$
578,045
Total $199619474
The levy numbers above reflect a late 2012 refinancing of the EDA Public Facility Bonds. It
should be noted that the levy is offset significantly by the $635,000 YMCA annual rental
payment.
The total proposed 2013 Debt Service Levy is $53,923 (2.83%) more than the 2012 levy. Sta
will review with the Council at the meeting a detailed debt service 10 year proforma.
ACTION REQUESTED
The Council is requested to receive a presentation and provide direction to staff.
ND OVE:
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.AN DOVER. MN.US
AMWOMNDDN
TO: Dave Carlberg, Community Development Director
FROM: Andrew Liska, Associate Planner
DATE: 22 April 2013
SUBJECT: Single Family Rental License Program Review
NUMBERS AND FIGURES
• As of April 1, 2013 there are 300 active single family rental licenses
• On average, 70% of properties pass on the first inspection; the 30% in violation typically
have exterior storage and /or accumulation of debris and almost always (95% of the time)
cleaned up by the second inspection
• Since June 2011, three rental properties have required extensive work to pass the
inspection and /or been issued additional re- inspection fees based on non - compliance:
• Crosstown Blvd — Dwelling had siding and roofing damage; extreme hoarding;
several inoperable vehicles; tenant was evicted and property gutted
• Round Lake Blvd — Several vehicles and refuse in rear yard; exterior storage;
deck collapsing; etc
• Raven St — Accumulation of debris; shed in front yard; long grass; vehicles
parked in front yard; etc (This case included the City Attorney mailing a legal
letter)
■ These three took several inspections and extensive work and involved the
City Attorney for compliance
• GIS tracks police reports for rental properties and every month there are typically 3 to 4
properties
o When investigating, 75% of the reports do not constitute as violations thus require
no additional work
■ When additional work has been required, owners /landlords have
responded and addressed the situation
• Since June 2011, this has occurred twice
POSITIVE OBSERVATIONS
• The program itself may encourage people to clean up their property prior to the first
inspection; without the program people would not necessarily take this step
o I hear people saying this fairly routinely after hearing about the rental license
program and inspection
• The general public seems to have a negative stigma towards rental properties and the
presence of the program and numbers and figures associated it show that rentals in
Andover are not detrimental to the city
Thirty percent (30 %) of the rental properties are in violation on the first inspection and
the program address the Code violations accordingly
General maintenance of the active rental list is minimal (see negative comments for
assembly of said list) and does not consume too much time
• Smooth renewal process is made possible with existing technology (PermitWorks)
NEGATIVE OBSERVATIONS
• Updating the suspected rental properties list (typically done every year or two) is very
time consuming both in assembling the list from Anoka County information, GIS data,
and collected data on the properties in years past
• Distributing door hangers to all suspected properties is very time consuming
• Code violations on properties can be handled through Code enforcement and the SF
Rental license program is providing a duplicate service
• Most of the properties (70 %) are in compliance on the first inspection (whether they
cleaned up because they knew of the exterior inspection is unknown)
• In tracking crime associated to single family rental properties, there are minimal
violations — Not sure if the time spent into investigating the police reports and such is
worth it
• Based on available information, there is not a strong correlation between single family
rental properties and crime in Andover
OVERALL OPINIONS/ GOING FORWARD
The program was updated in 2013 thus much work has already been put in; little time
(inspections and police report follow -ups) is required to run until the list should be
updated (2014 or 2015)
Determine scope of rental license program — Crime prevention? Maintain housing stock?
General Code compliance? Aware of the single family rental properties to better
understand the community? All of the above?
o Why was the program originally created? What goals did it wish to accomplish?
Below are possible goals of the program and an evaluation of based on each goal:
Control Crime — Abandon program; Based on available information,
there is no correlation between the single family rental homes and crime
in Andover
Housing Stock Maintenance /Code Compliance — Consider
time /resources; Staff already enforces exterior Code violations on a
complaint basis; Inspections for all single-family rentals is a duplication
of service although a complaint would need to be made before an
inspection would be conducted; In this respect, rental properties are
examined more critically than non - rentals
Understanding Community/Residents — Continue program; Knowing the
number of rentals and current trends (increasing or decreasing) can be
valuable information in understanding where the community is and where
it will be in forecasting for the future
• If this is the case, consider revising program requiring rentals to
be licensed through the City but not require exterior inspections as
that aspect can be handled through general Code enforcement and
addressed on a complaint basis
The SF rental program is assembled and running; electing to stop it and later realizing a
value and electing to restart the program would consist of significant work recollecting
all data regarding all of the properties in Andover
• MAP OF SINGLE FAMILY RENTAL PROPERTIES
Andover YMCA Youth Center
Half Way Report - 2012/2013
April 23, 2013
The Andover Y Youth Center provides a fun place for youth, opportunities to
connect with caring adults, with a focus of helping low- income youth
improve academic, social and leadership skills. The goals of our Andover
Youth Center are to 1) improve /maintain school attendance, 2) increase
academic achievement, 3) increase the availability of and participation in
programs that offer a range of high quality educational, developmental,
cultural and recreational activities, 4) contribute to positive youth
development through skill development in art, music, athletics and other
enrichment opportunities, and 5) increase the number of youth engaged in
community service.
2012 - 2013 Andover Youth Center -Who we serve
As of March 2013, the Andover Y Youth Center has served 375 unduplicated
youth since the opening September 10th, with an average daily attendance
is 65 /youth /day.
Partnerships in the community:
Kottkes Bus Service - Provides transportation home after program
Thrive for Wellness - Protein Shakes donated to youth
Youth First Community of Promise - Academic help and referral
Anoka County Sheriff's Department - Oak View - School /Police Liasion
Oak View Middle School - Academic Support and transportation
Andover Community Center - Gym space
Anoka Hennepin District #11 - Resources for youth experiencing
homelessness or unstable housing.
Anoka County Library- Library "On the Go" and book clubs
Anoka County SHIP Grant- Physical education classes with trainer every
week.
Things that have been working well:
• Staff in the Youth Center- We added additional staff this year - now
having 5 adult leaders present each day for Youth Center. The
individuals in Youth Center provide a safe and caring environment and
students look forward to seeing the staff each day. We know
adult /youth relationships are the key to our success in the Youth
Center.
• Snacks on a consistent basis- Students look forward to having a snack
twice a week in the Youth Center. The students are extremely
appreciative of this service. We again partnered with local businesses
(Thrive for Wellness) to come in and provide snack and talk about
nutrition.
• New equipment = fun! We've added a new check -in table, new board
games, video games, additional Wii remote and Academic supplies!
• Activity Bus- The activity bus that is provided for the students allows
so many more youth to participate in our programs.
• Partnership with the Community Center- The gym space that is
provided, allows students to get active after school rather than watch
T.V. or play video games.
• Homework Club — This year again we've worked hard to put together a
supportive academic /homework program that youth can benefit from.
With the help of Oak View Middle School and others we've been able to
create a Homework Club and dedicate a quiet space for youth to get
help with their studies. We've also included an incentive program for
youth who spend 30hrs or more /trimester in the Homework Club.
Youth who dedicated the time received some fun incentives — last year
they received a pizza party and a chance to win some really cool
prizes!
Things we continue to work and improve on:
• Students often need computers and printers to complete their
homework. Youth only have access to computers when YMCA
employees are not at their desks. We continue to seek out funding or
donation for computers and printers. We're excited to be a part of the
Anoka County Library grant and will be receiving 20 Google tablets
that will help youth with their homework and provide other on -line
activities during youth center. Tablets are in the process of being set-
up and we should have them shortly! The Youth will also have the
ability to order books online and have access to those books through a
locker system here at the Y.
• We continue to bring in new programming ideas and activities to keep
things "new and fun" and develop our leadership program within the
Youth Center. New ideas we're working on include:
• Leadership Development Programs — Youth in Government,
Model United Nations and Leader's Club. We have a wonderful
group of Middle and High School students (close to 40) who
come over every Wednesday to break dance in our Studio
upstairs. They are a very talented group that coach and mentor
each other in learning new dance moves and teaching others
how to dance.
• Health, Wellness and increase physical activity options that
include: Group X, nutrition, Healthy Activity choices and ability
to work out on the Fitness floor!
o Support for youth transitioning from Middle to High Schools.
• We've developed a leadership program this year that gives High
School students an opportunity to come back and mentor younger
youth involved in our youth center. Interested High School youth were
put through an interview process and if chosen, have a set of
expectations and outcomes to follow. We have an Andover High School
Teacher who is currently helping us with the leadership program. She
has been excellent in providing a tie to the High School along with help
in transitioning our Middle School youth into the High School
environment along with help in communicating back to the High
School.
• We are currently developing a Youth Advisory Board that will be the
"voice" of the Andover Youth Center.
Youth Testimony
The Andover Y Youth Center provides the opportunity for our older students
to come back to the Youth Center to volunteer their time in mentoring
younger students through- homework assistance and leadership groups. This
is the perfect example of social responsibility and leadership development.
These students often times have great ideas to help make our program
better because they used to be students in the center as well. This
leadership opportunity provides them with confidence in leading activities
and service learning hours through their local High School. One of the
students who volunteered through our "Leadership Program" shared this
story:
°I just want to thank you and the YMCA for having this place for kids to go
after school. Now that I am in high school, I don't come to the YMCA
program as much but really loved when I did. When you told me that I
could volunteer through the Leadership Program I learned a lot about myself
and it gave me an 'gout" to the activities that my friends were doing. All of
my friends would hang out after school and get into trouble but I didn't have
an excuse to give them to not participate. When I was able to come to the
YMCA to volunteer, I learned a lot about myself and found it very rewarding
to help others. This did give me an excuse and allowed me the space that I
needed for that time. They thought it was dumb at first but saw that I was
learning a lot and enjoyed coming to the Y. Thanks for helping me through
this time. I learned a lot and got service learning hours for school too."
A,L66W jO@ U3
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US
TO: Mayor and Councilmembers
FROM: Jim Dickinson, City Administrator
SUBJECT: 2013 Budget Implementation General Fund Progress Report — March 2013
DATE: April 30, 2013
INTRODUCTION
The City of Andover 2013 General Fund Budget contains total revenues of $9,356,581 and total
expenditures of $9,640,429 (includes $20,500 of 2012 budget carry forwards), this a decrease in
fund balance is planned. Monthly reporting of the City Budget progress to the Governing body
is a recommended financial practice and often viewed positively by rating agencies.
DISCUSSION
Attached is the General Fund Expenditure Budget Summary - Budget Year 2013 through
2013. The attachment is provided to assist discussion in reviewing 2013 progress; other
documents may be distributed at the meeting.
The following represents Council directives and departmental expectations for 2013 (adopted April 2nd):
1. Expenditure budgets while approved, expenses are to meet with the spirit that needs are
fulfilled first, expansions of service and special requests are to be reviewed with City
Administration before proceeding.
2. Departments are to be committed to search for the best possible prices when purchasing
goods and services.
3. Departments are to be committed to continually searching out new efficiencies and to
challenge the status quo of how the City provides services.
4. Departments are to be committed to searching out collaborative opportunities to facilitate
efficient and cost - effective utilization of governmental assets and personnel.
5. Departments are to be committed to developing effective, consistent and ongoing
communications with City residents, businesses and other stakeholders.
ACTION REQUESTED
The Council is requested to receive a presentation and provide direction to staff.
submitted,
Dickinson
CITY OF ANDOVER
General Fund Budget Summary Totals
Budget Year 2013
2012
2013
REVENUES
Budget
Mar YTD
% Bud
Final
Budget
Mar YTD
% Bud
General Property Tax
$
7,398,782
$
-
0%
$
7,340,532
$ 7,398,782
$ -
0% O
Licenses and Permits
250.155
45.857
18%-
449,561
288,355
79,052
27%
Intergovernmental
566,103
191,276
34%
653,720
596,564
177,728
30%
Charges for Services
601,150
141,328
24%
973,605
619,850
149,237
24%
Fines
100,750
17,616
17%
97,572
100,750
18,498
18%
Investment Income
65,000
(21,475)
-33%
95,365
65,000
(22,469)
-35%
Miscellaneous
84,850
52,898
62%
149,857
90,350
56,431
62%
Transfers In
196,930
196,930
100%
196,930
196,930
196,930
100%
Total Revenues
$
9,263,720
$
624,430
7%
$
9,957,142
$ 9,356,581
$ 655,407
7°°
2013
2012
EXPENDITURES
Budget
Mar YTD,
% Bud
Final
Budget
Mar YTD
% Bud
GENERAL GOVERNMENT
Mayor and Council
$
88,162
$
41,615
47%
$
83,622
$ 87,953
$ 41,093
47%
Administration
140,621
31,263
22%
140,047
143,995
36,690
25%
Newsletter
25,500
5,103
20%
22,335
25,500
3,842
15%
Human Resources
15,429
5,030
33%
12,485
42,770
6,580
15%
Attorney
178,300
28,470
16%
170,930
178,300
28,883
16%
City Clerk
103,937
24,292
23%
101,378
108,925
24,932
23%
Elections
53,922
1,441
3%
39,613
54,155
1,509
3%
Finance
213,522
58,844
28%
207,338
221,256
58,567
26%
Assessing
152,500
-
0%
143,338
150,000
-
0%
Information Services
153,560
25,236
16%
136,025
161,252
28,349
18%
Planning & Zoning
338,696
75,123
22%
318,524
360,970
79,186
22%
Engineering
419,688
98,365
23%
428,960
440,168
98,644
22%
Facility Management
564,639
92,938
16%
420,794
566,187
81,063
14%
Total General Gov
2,448,476
487,720
20%
2,225,389
2,541,431
489,338
190/.
PUBLICSAFETY
Police Protection
2,694,135
673,474
25%
2,693,896
2,740,899
685,225
25%
Fire Protection
1,071,933
182,586
17%
1,017,095
1,127,444
196,159
17%
Protective Inspection
363,834
80,943
22%
354,752
393,530
86,936
22%
Civil Defense
16,755
4,787
29%
14,087
17,188
4,623
27%
Animal Control
9,950
552
6%
8,503
9,950
874
9%
Total Public Safety
4,156,607
942,342
23%
4,088,333
4,289,011
973,817
23%
PUBLIC WORKS
Streets and Highways
571,125
125,364
22%
570,631
585,111
93,810
16%
Snow and Ice Removal
488,172
134,928
28%
420,174
511,834
222,840
44%
Street Signs
196,631
29,580
15%
170,200
198,693
27,269
14%
Traffic Signals
36,000
3,110
9%
27,457
36,000
3,023
8%
Street Lighting
36,400
5,642
16%
33,439
36,400
5,578
15%
StreetLights - Billed
206,000
30,167
15%
195,196
210,000
30,226
14%
Park & Recreation
932,599
158,470
17%
912,750
1,014,366
151,228
15%
Recycling
126,210
16,045
13%
152,642
128,633
15,617
12%
Works
2,593,137
503,306
19 °/
2,482,489
2,721,037
549,591
20%
Total Public
OTHER
00
_680 000
35 723
.ice
5%
_
663 371
�...t, -...
88 950
_ ..ae..- .��..�,..
38 638
........1.+�.�
43%
..
Total Other
680,000
35,723
5%
663,371
88,950
38,638
43%
Total Expenditures
$
9,878,220
$
1,969,091
20%
$
9,459,582
S 9,640,429
$ 2,05084
21%
NET INCREASE (DECREASE)
$
(614,500)
$
(1,344,661)
$
497,560
$ (283,848)
$ (1,395,977)
1
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304
FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US
TO: Mayor and Councilmembers
FROM: Jim Dickinson, City Administrator
SUBJECT: March 2013 Investment Report
DATE: April 30, 2013
INTRODUCTION
(763) 755 -5100
Summary reporting of the City Investment portfolio to the Governing body is a recommended
financial practice and often viewed positively by rating agencies.
Furthermore, the City of Andover Investment Policy recommends the Finance Director presents
to the City Council at least quarterly the type of investments held by the City.
DISCUSSION
Attached is the Investment Maturities Summary for March 2013, the March 2013
Investment Detail Report, and the March 2013 Money Market Funds Report. These
attachments are intended to assist with discussion when reviewing the March 2013
investments.
ACTION REQUESTED
Council is requested to receive a presentation and provide feedback to staff.
submitted,
Investment Maturities - March 2013
Investment Maturities (in Years)
Credit
Fair
Less Than
More Than
Investment Type
Rating
Value
1
I - 5
6-10
10
Money market funds
N/A
$ 1,919,523
1,919,523
$
$
$
MN Municipal Money
Market Fund
N/A
4,993
4,993
-
Certificates of deposit
FDIC
4,058,366
2,994,783
1,063,583
-
Local governments
B/Bl /B2
61,120
61,120
-
-
A/Al /A2
1,097,903
608,521
219,096
270,286
-
AAl /AA2 /AA3
8,737,888
2,210,704
3,589,338
1,761,666
1,176,181
AAA
4,046,719
263,715
1,261,167
1,932,201
589,636
State governments
A/Al /A2
673,178
15,002
426,058
232,118
-
AAI /AA2 /AA3
651,403
77,008
173,690
313,881
86,824
AAA
448,940
-
291,159
157,781
-
U.S. agencies
AAA
3,709,151
1,744,750
803,733
1,160,668
FNMA REMIC d
N/A
39,379
-
-
39,3794
-
U.S. agencies
N/A
32,321
826
-
18,289
13,207
Total investments
$ 25,480,884
$ 8,156,195
$ 8,768,842
$ 5,529,333
$ 3,026,515
Deposits
2,359,737
Total cash and investments
$ 27,840,621
March 2013 Investment Detail
Description
Cusip
Number
Credit
Rating
Type
Type
Purchase Price
Carrying Cost
Maturity Amount
Rate
Current Market
Value
Interest Paid
Date
Acquired
Coupon
Date
Maturity
Due Date
1 Year CD -1sl MN Bank
2908
CD
340,231.37
340,231.37
340,231.37
0.30%
340,231.37
matuity
maturity
03119113
none
03119/14
05/12/13
1 Year CD -1st MN Bank
3664
CD
175,000.00
175,000.00
175,000.00
0.65%
175,000.00
05/12/12
none
Bank Baroda New York NY
060624UJO
CD
249,000.00
249,000.00
249,000.00
0.550%
249,082.17
annually
12/21/12
none
06/21/13
Beal Bank Plano TX
07370TXDO
CD
248,000.00
248,000.00
248,000.00
0.400%
247,818.96
annually
12128/12
none
12126/13
Everbank
29976DQL7
CD
249,000.00
249,000.00
249,000.00
0.350%
248,880.48
annually
12126/12
none
09/26/13
First National Bank Omaha
332135EVO
CD
248,000.00
248,000.00
248,000.00
0.600%
248,037.20
quarterly
07126/12
01/26/13
01/27/14
Goldman Sachs Group Inc
38143AFS9
CD
248,000.00
248,000.00
248,000.00
0.850%
248,287.68
semi - annual
01/05/12
07/05/12
07/05/13
Hometrust Bank
43787PBT9
CD
97,000.00
97,000.00
97,000.00
4.300%
97,435.53
semi- annual
05/14/08
11/14/08
05/14/13
Medallion Bank
58403BZK5
CD
249,000.00
249,000.00
249,000.00
0.300%
248,982.57
annually
12128/12
none
04/26/13
Middleton Cmnty Bank Wis
596689DD8
CD
149,000.00
149,000.00
149,000.00
1.250%
149,014.90
monthly
08/05/10
09/05/10
04105/13
21st Century Bank
90136SGD2
CD
249,000.00
249,000.00
249,000.00
0.200%
248,895.42
annually
12/18/12
none
06/18/13
Two Rivers St Bk Blair Nebraska
90206UAQ9
CD
97,000.00
97,000.00
97,000.00
4.500%
97,782.79
semi - annual
06/13108
12113/08
06/13/13
Wachovia Mtg Fsb
929781BG6
CD
97,000.00
97,000.00
97,000.00
4.250%
97,060.14
semi- annual
04/09/08
10/09/08
04/09/13
Wachovia Bk Fsb
92979HBD7
CD
CD
97,000.00
97,000.00
97,000.00
4.250%
97,000.00
semi - annual
04/02/08
10102108
04/02/13
Washington Mutual Bank
939389LM2
211,548.00
211,548.00
200,000.00
4.550%
201,274.00
semi - annual
12/30111
none
06105/13
Appleton MN
038051KP2
A
local
135,000.00
135,000.00
135,000.00
1.000%
135,419.85
semi - annual
09/13/11
12/01/11
12101/13
Baltimore MD
059231QZ6
At
local
128,748.00
128,748.00
120,000.00
5.030%1
121,450.80
semiannual
08/23/11
none
07/01/13
Kenosha Wis Uni Sch Dist
489836HJ8
Al
local
267,832.50
267,832.50
250,000.00
4.750%1
250,087.50
semi- annual
12107/10
none
04/01/13
Manitowoc Wis
563588YUO
Al
local
101,898.00
101,898.00
100,000.00
2.500%1
101,563.00
semi- annual
12/28/12
none
_02/01/14
El Paso TX
283734MA6
AA
local
103,260.00
103,260.00
100,000.00
3.410%1
101,248.00
semi - annual
06/07/12
none
08/15/13 _
Windsor Wis
Maplewood Minn
Ramsey MN
Dallas TX Zero Coupon _
Des Moines IA Area Cmnty Col
973808CZ9
AA-
local
35,280.00
35,280.00
35,000.00
1.500%1
35,120.40
semi - annual
08/29/11
none
10/01/13
565557NF8
751813NV4
2352181<60
AA+
local
165,580.80
165,580.80
165,000.00
2.450%
167,275.35
semi - annual
05/10/10
02/01/11
04/01/10
02/01/14
04101/13
AA+
AAl
AA1
local
local
local
130,000.00
244,172.50
130,000.00
244,172.50
130,000.00
2.500%
130,018.20
semi - annual
11/19/09
250,000.00
249,195.00
maturity
12/21/11
none
02/15/14
250097VC3
31,637.40
31,637.40
30,000.00
5.000%
30,258.30
semi - annual
03102/12
none
06/01/13
Palatine III
696089QD6
AA1
local
103,552.00
103,552.00
100,000.00
4.550%
102,369.00
semi - annual
01/10/13
none
12/01/13
Cedar Park TX
150461VA6
AA2
local
334,428.25
334,428.25
325,000.00
4.640%
330,726.50
semi - annual
12/11/12
none
08/15/13
De Pere Wisconsin
241361UJ1
AA2
local
26,417.50
26,417.50
25,000.00
4.750%
25,008.75
semi- annual
04/29/09
none
04/01/13
Essex Cnty NJ
296804,11_2
AA2
local
54,010.00
54,010.00
50,000.00
5.310%
51,536.00
semi- annual
02/07/12
none
12/01/13
Oakdale Minn
672088AR2
AA2
local
200,000.00
200,000.00
200,000.00
1.750%
200,208.00
semi - annual
03/17/11
03/15/12
03/15/14
Onamia MN ISD #480
682271DS7
AA2
local
123,768.00
123,768.00
120,000.00
3.000%
122,590.80
semi - annual
09127/12
08/01/13
02/01/14
Scott County Minn Hsg & Redev Auth
809567AL4
AA2
local
20,956.00
20,956.00
20,000.00
6.000%
20,609.60
semi - annual
09/26/11
none
02/01114
Will County IL Cmnty Cons Sch
968717QL5
AA2
local
25,250.00
25,250.00
25,000.00
1.900%
25,164.50
semiannual
08/29/11
10/01/11
10/01/13
Brownsville TX
116405FX4
AA3
local
61,015.20
61,015.20
60,000.00
2.000%
60,906.60
semi - annual
12/27112
02/15/13
02/15/14
Moorhead MN
6161412K2
AA3
local
101,274.00
101,274.00
100,000.00
1.750%
100,685.00
semi - annual
12/20/12
none
02101/14
New RichmondWl
648431QM9
AA3
local
61,113.60
61,113.60
60,000.00
1.750%
60,596.40
semi - annual
07/16112
none
03101/14
Orange County CA
68428LCW2
AA3
local
140,000.00
140,000.00
140,000.00
0.610%
140,137.20
semi - annual
02112/13
08/01/13
11/01/13
Rockford ILL
77316QFZ7
AA3
local
276,402.50
276,402.50
250,000.00
5.000%
25700.00
semi - annual
08/05/10
none
12/15/13
Bloomington MN
094780XR9
AAA
local
130,451.25
130,451.25
125,000.00
3.000%
127,485.00
semi - annual
11/15/11
08/01/12
02/01/14
Iowa City IA
462308UN5
AAA
local
36,879.50
36,879.50
35,000.00
4.750%
35,244.30
semi - annual
02107/12
none
06/01/13
Johnson County Kars
4784495Y3
AAA
local
50,990.00
50,990.00
50,000.00
2.250%
60,358.00
semi - annual
06/03111
none
09/01/13
Montgomery Cnty MID
61334181.3
AAA
local
51,147.50
51,147.50
50,000.00
5.000%
50,627.50
semi - annual
12/31/12
none
07/01/13
Vadnais Heights Minn
918738SQ9
B
local
63,957.00
63,957.00
60,000.00
3.750%
61,120.20
semi - annual
11/05/10
none
02/01/14
Massachusetts State
57583UBT4
Al
state
15,179.55
15,179.55
15,000.00
1.884%
15,001.80
semi - annual
01/31/12
none
04/01/13
2,994,783.21 CD
3,144,059.75 local
March 2013 Investment Detail
Description
Cusip
Number
Credit
Rating
Type
Purchase Price
Carrying Cost
Maturity Amount
Interest
Rate
Current Market
Value
Interest Paid
Date
Acquired
Coupon
Date
Maturity /
Due Date
South Carolina St Pub Svc Auth
8371473,14
AA1
state
state
46,136.80
46,136.80
40,000.00
6.808%
41,872.00
35,136.15
825.92
6,231,678.83
semi- annual
semi - annual
monthly
10/05/10
none
01/01/14
Utah Stale
917535ACO
AA2
35,599.55
35,599.55
35,000.00
797.96
2.090%
6.000%
11/01/11
none
07101/13
Govt Natl Mfg Assn Pool #502983
36210UXL2
US
95,964.85
840.85
06/17/03
02115/14
_
_
Capital One Bank Glen Allen VA
14041AXU8
A2
CD
43,910.10
43,910.10
40,000.00
4.750%
42,817.20
semiannual
05/10/11
none
01/23/15
Suntrust Bank Atlanta GA
86789VHM2
AA3
CD
99,000.00
99,000.00
99,000.00
4.000%
97,528.86
quarterly
05/28/09
08/28/09
05/28/14
Citizens State Bank
176688AM1
CD
100,000.00
100,000.00
100,000.00
3.250%
103,331.00
monthly
07/09/09
08/09/09
07/09/14
MB Financial Bank
55266CHV1
CD
102,249.00
102,249.00
100,000.00
2.350%
103,171.00
monthly
04/18/11
none
11/12/14
Garrett State Bank
366526AJO
CD
200,000.00
200,000.00
200,000.00
1.750%
204,958.00
monthly
05/20/11
06/20/11
07/20/15
Flushing Savings Bank
344030DK4
CD
250,023.39
250,023.39
249,000.00
1.750%
255,877.38
monthly
07/25/11
none
10/29/15
Portage County Bank
73565NAZ6
CD
249,000.00
249,000.00
249,000.00
1.650%
255,899.79
monthly
07/25/11
none
11103115
Bridgeport Conn
108151V57
Al
local
222,688.40
222,688.40
215,000.00
3.074%
219,095.75
semi- annual
03/29111
none
09/15/14
Canton Charter Twp Mich
138128EC3
AA
local
115,965.30
115,965.30
110,000.00
3.625%
115,236.00
semi - annual
11/24/10
none
10/01/14
Augusta ME
051411ND4
AA
local
28,125.00
28,125.00
25,000.00
5.250%
27,661.50
semi - annual
03/07/12
none
10/01/17
Sherwood Wis
824422CB3
AA-
local
110,000.00
110,000.00
110,000.00
2.600%
111,940.40
semi - annual
03/11/10
06/01/10
06/01/14
Pell City AL
705880MK5
AA-
local
100,000.00
100,000.00
100,000.00
0.950%
100,230.00
semi - annual
04/25/12
08/01/12
08/01/14
Pell City AL
705880ML3
AA-
local
100,000.00
100,000.00
100,000.00
1.200%
100,508.00
semi - annual
04/25/12
08/01/12
Philadelphia PA Auth Zero Coupon
71781LBJ7
AA-
local
161,700.00
161,700.00
245,000.00
220,776.85
maturity_
semi - annual
01/12/10
02/10/11
01/11/11
none
none
none
_08/01115
04/15/17
02/01115
03/01/15
06/01115
12/01/14
Brooklyn Park Minn_
Red Wing Minn ISD #25
Ramsey MN_
Palatine III
Des Moines IA Area Cmnty Col
114223V64
757130JR1
751813QE9
696089RY9
250097A85
AA+
local
206,700.00
206,700.00
200,000.00
3.400%
206,690.00
AA+
local
36,367.10
36,367.10
35,000.00
3.500%
36,822.10
semi- annual
AA+
local
176,289.75
176,289.75
175,000.00
1.000%
176,520.75
semiannual
06/05/12
12/01/12
AA1
local
112,000.00
112,000.00
100,000.00
5.200%
106,474.00
semi - annual
11/07/11
none
AA1
local
137,668.95
137,668.95
135,000.00
1.375%
137,620.35
semi - annual
07/30/12
12101/12
06/01/16
Osseo MN ISD #279 _
688443,127
AA1
local
30,103.25
30,103.25
25,000.00
6.000%
28,983.75
semi - annual
12122/11
none
02101/17
Dane County WI
236091M92
AA1
local
106,487.00
106,487.00
100,000.00
2.450%
107,308.00
semi - annual
07/16/12
none
12101/17
Virginia Beach VA
92774GCV5
AA2
local
71,100.25
71,100.25
65,000.00
5.000%
67,995.20
semi - annual
05/27/11
none
05/01/14
Council Bluffs Iowa
222129X52
AA2
local
137,991.60
137,991.60
135,000.00
3.500%
139,241.70
semiannual
08/19/09
12101/09
06/01/14
Kirkwood Cmnl College Iowa
497595WLB
AA2
local
103,718.00
103,718.00
100,000.00
2.500%
101,975.00
semi - annual
12/10/10
06/01/11
06/01/14
Western Lake Superior MIN
958522WP5
AA2
local
102,756.00
102,756.00
100,000.00
2.000%
102,465.00
semi - annual
08/16/11
04/01/12
10/01114
Austin Minn
052249542
AA2
local
164,175.00
164,175.00
165,000.00
5.100%
165,361.35
semi - annual
07115/08
none
02/01/15
Duluth MN
264438ZA3
AA2
local
201,733.11
201,722.00
200,000.00
1.000%
202,310.00
semi- annual
11/27/12
08/01/13
02/01/15
Onamia AN ISD #480
682271DT5
AA2
local
104,979.00
104,979.00
100,000.00
3.000%
104,351.00
semi - annual
09/27/12
08/01113
_
02/01/15
Waunakee W1
943181NZ6
AA2
local
110,000.00
110,000.00
110,000.00
1.500%
111,279.30
semi- annual
11/08/11
05/01/12
05/01/15
Western Lake Superior MN
958522WQ3
AA2
local
101,790.00
101,790.00
100,000.00
2.000%
103,252.00
semiannual
08/16/11
04/01/12
10/01/15
Plainfield III
726243LT3
AA2
local
79,373.25
79,373.25
75,000.00
3.000%
78,665.25
semi - annual
12/27/12
none
12/15/15
Duluth Minn ISD #709
264474CK1
AA2
local
74,939.20
74,939.20
70,000.00
4.000%
74,855.90
semi - annual
01/18/11
none
02101/16
Duluth MN
264438ZB1
AA2
local
105,652.05
105,652.05
105,000.00
1.000%
106,012.20
semi- annual
12/05/12
08/01/13
02101/16
Rowlett TX
7796986117
AA2
kcal
101,905.55
101,905.55
95,000.00
3.000%
101,068.60
semi - annual
07/10/12
08/15/12
02/15/16
Hopkins Minn ISD #270
439881HCO
AA2
local
95,278.40
95,278.40
80,000.00
5.250%
93,595.20
semi- annual
04/30/12
08/01/09
02101/18
Stratford Conn
862811U20
AA3
local
200,000.00
200,000.00
200,000.00
1.905%
203,568.00
semi - annual
06/29/11
08/01/11
08/01/14
Brownsville TX
116405FY2
AA3
local
102,683.00
102,683.00
100,000.00
2.000 °k
1 102,876.00
semi- annual
12127/12
02/15/13
02/15/15
SouthEastem IA Cmnty College
841625MC7
AA3
local
149,060.00
149,060.00
145,000.00
2.000%1
148,975.90
semi - annual
07/26/12
none
06/01/15
East Bethel Minn
271074HRO
AA3
local
100,941.00
100,941.00
100,000.00
3.200%1
104,719.00
semi- annual
12/15/10
08/01/11
02/01/16
92,009.95 state
825.92 US
-ess Than 1Year
1,063,583.23 CD
March 2013 Investment Detail
Description
Cusip
Number
Credit
Rating
Type
Purchase Price
Carrying Cost
Maturity Amount
Interest
Rate
Current Market
Value
e s a a
Date
Acquired
Coupon
Date
Maturity)
Due Date
Columbus Ohio
1994911755
AAA
local
52,367.00
52,367.00
50,000.00
2.910%
50,799.50
semi - annual
08102/11
07/01/10
07/01/14
Saint Louis Park MN
791740ZJ5
AAA
local
100,000.00
100,000.00
100,000.00
0.750%
100,329.00
semi - annual
10/17/12
08/01/13
02/01/15
Cook Cnty ILCmnty Clg Dist #5
216129FD3
AAA
local
196,228.20
196,228.20
190,000.00
2.000%
196,114.20
semi - annual
01/08/13
06/01/13
06/01/15
Palm Beach Cnly FLA
696497TP1
AAA
local
226,296.00
226,296.00
200,000.00
5.808%
221,400.00
semi - annual
03/14/11
none
06/01/15
Madison WI
AAA
local
103,870.00
103,820.00
100,000.00
2.000%
103,760.00
semi - annual
10/01/12
04/01/13
10/01/15
Minneapolis Minn
AAA
local
21,269.40
21,269.40
20,000.00
3.250%
21,390.40
semi - annual
08/02/11
none
03/01/16
Maple Grove MN
AAA
local
230,520.40
230,520.40
220,000.00
2.000%
229,336.80
semi - annual
01/10/13
08/01/13
02/01/17
Tennessee ValleyAuth
156516PNY5
AAA
local
93,153.11
93,153.11
85,000.00
5.500%
101,919.25
semi - annual
06/01/09
01/18/08
07/18/17
Washington County MN
AAA
local
115,000.00
115,000.00
115,000.00
3.750%
124,361.00
semi - annual
07/01/10
01/01/11
01/01/18
Saint Louis Park MN
AAA
local
112,114.00
112,114.00
100,000.00
3.850%
111,757.00
semi - annual
12/22/11
none
02/01/18
Alabama St Univ Rev
010632MKO
A2
state
200,858.00
200,858.00
200,000.00
3.400%
206,704.00
semi - annual
12/17110
03/01/11
09101/15
Illinois State
452152HR5
A2
state
217,312.00
217,312.00
200,000.00
4.961%
219,354.00
semi - annual
07/16112
09/01/11
03/01/16
Oregon School Boards Assn Zero Cpn
686053CD9
AA2
state
138,663.60
138,663.60
160,000.00
159,043.20
maturity
02/12/09
none
06/30/14
Oregon School Boards Assn Zero Cpn
686053CE7
AA2
state
14,233.50
14,233.50
15,000.00
14,646.90
maturity
02/08/12
none
06/30/15
Texas State
882722,128
AAA
state
80,158.50
80,158.50
75,000.00
3.000%
79,455.00
semi - annual
03/28/12
04/01/12
10/01/15
Tennessee State
880541QM2
AAA
state
201,894.00
201,894.00
200,000.00
2.326%
211,704.00
semi - annual
10/26/11
02/01/12
08/01/17
Fed Farm Credit Bank
3133EAYF9
AAA
US
300,000.00
300,000.00
300,000.00
0.370%
300,003.00
semi - annual
07/18/12
09/18/12
09/18/14
US Treasury Sec Stripped lntPmt
91283301
AAA
US
49,889.30
49,889.30
244,000.00
5.000%
243,014.24
maturity
09/14/94
11/15/14
Fed Farm Credit Bank
3133EA6K9
AAA
US
200,000.00
200,000.00
200,000.00
0.410%
200,076.00
semi - annual
10/29/12
04/29/13
10/29/15
Fed Farm Credit Bank
3133EA6P8
AAA
US
200,000.00
200,000.00
200,000.00
0.500%
200,276.00
semi - annual
11/05/12
05/05/13
11/05/15
Fed Nall Mtg Assn
Fed Nall Mfg Assn
Fed Nall Mtg Assn _
Fed Farm Credit Bank_
3136FTXS3
AAA
US
200,000.00
200,000.00
200,000.00
1.000%
200,810.00
semi - annual
12/30/11
06/30/12
12/30/15
3136FTB24
3136G1AJ8
3133ECFA7
AAA
US
100,000.00
100,000.00
100,000.00
1.000%
100,480.00
semi - annual
01/27/12
07/27/12
07/27/16
AAA
US
200,000.00
200,000.00
200,000.00
0.700%
199,764.00
semi - annual
01/30/13
07/30/13
_01/30/18
AAA
US
100,000.00
100,000.00
100,000.00
1.080%
100,183.00
semi - annual
02/13/13
08/13/13
02/13/18
Fed Home Ln Bank
313382AV5
AAA
US
200,000.00
200,000.00
200,000.00
0.500%
200,144.00
semi - annual
02/28/13
08/28113
02/28118
-� -
8,768,841.77
Barren Cnty KY
068437DM1
Al
local
43,996.00
43,996.00
40,000.00
4.300%
43,377.60
semi - annual
02/08/12
none
04/01/19
Oneida County NY
6824543R2
Al
local
114,388.00
114,388.00
100,000.00
6.250%
110,183.00
semi - annual
08/16/10
none
04/15/19
Junction City Kansas
481502F72
A2
local
101,558.00
101,558.00
100,000.00
5.500%
116,725.00
semi - annual
05128/08
03101/09
09101/18
Racine WI
7500216D4
AA
local
101,792.00
101,792.00
100,000.00
2.100%
102,312.00
semi - annual
01/24/12
06/01/12
06/01/18
Rice Cnty MN
762698GK8
AA
local
45,466.80
45,466.80
40,000.00
4.400%
44,824.00
semi - annual
03/07/12
none
02/01/19
Ramsey MN
751813PB6
AA+
local
158,677.85
158,677.85
145,000.00
4.500%
153,937.80
semi - annual
02/16/12
04/01/16
04/01/19
King Cnty WA
49474EX5
AA1
local
224,634.00
224,634.00
200,000.00
3.980%
226,070.00
semi - annual
03/27/12
none
12/01/18
Scott County IA
809486EZ2
AA2
local
114,450.33
112,617.00
100,000.00
4.400%
112,685.00
semi - annual
10/31/12
12/01/12
06/01/18
Orange Beach ALA
68406PHF1
AA2
local
241,689.60
241,689.60
240,000.00
4.400%
259,183.20
semi - annual
08/05/10
02/01/11
02/01/19
Western Lake Superior MN
958522WU4
AA2
local
100,000.00
100,000.00
100,000.00
3.150%
107,918.00
semi - annual
08/16/11
04/01/12
10/01/19
Davenport Iowa
238388GS5
AA2
local
111,948.00
111,948.00
100,000.00
4.650%
110,773.00
semi - annual
09/13/11
none
06/01/20
Mound Minn Taxable- Tax Increment Ser
620535SB1
AA2
local
145,000.00
145,000.00
145,000.00
5.000%
145,188.50
semi - annual
07/03/03
02/01/04
02/01/23
Oshkosh Wis Storm Wtr Utiil
68825RBD1
AA3
local
101,003.00
101,003.00
100,000.00
3.2500/16
107,326.00
semi - annual
10/05/10
05/01/11
05/01/18
Kane McHenry Cook & De Kalb Zero Cpn
484080MB9
AA3
local
157,328.00
157,328.00
200,000.00
169,084.00
maturity
07/16/12
none
12/01/18
Moorhead MN
616141287
AA3
local
108,820.00
108,820.00
100,000.00
3.800%
107,852.00
semi - annual
11/14/11
none
02/01/20
WhitewaterWis
966204KA6
AA3
local
109,541.00
109,541.00
100,000.00
4.850%
114,512.00
semi - annual
06/09/11
none
12/01/20
Minneapolis MN
60374YS73
AAA
local
111,898.00
111,898.00
100,000.00
3.250%
109,171.00
semi - annual
06/05/12
12101/11
12/01/18
5,069,601.20 local
890,907.10 state
1,744,750.24 US
. - 5 Years
Description
Cusip
Number
Credit
Rating
Type
Purchase Price
Carrying Cost
Maturity Amount
Interest
Rate
Current Market
Value
Interest Paid
Date
Acquired
Coupon
Date
Maturity
Due Date
Minnetonka MN ISD #276
604195RA7
AAA
local
37,433.20
37,433.20
35,000.00
3.100%
37,189.60
semi- annual
semi - annual
12122/11
07/06/11
none
none
02/01/19
Palm Beach Cnty FLA
696497TR7
AAA
local
256,504.60
256,504.60
220,000.00
5.898%
266,699.40
06/01/19
Norwalk Conn
668844DS9
AAA
local
122,464.80
122,464.80
120,000.00
4.050%
130,634.40
semi - annual
08/04/10
08/01/11
08/01119
Greensboro NC
395460V21
AAA
local
366,832.80
366,832.80
360,000.00
3.263%
381,628.80
semi - annual
07/15/11
none
10/01/19
Minneapolis MN
60374YS81
AAA
local
278,632.50
278,632.50
250,000.00
3.500%
275,917.50
semi - annual
02/26/13
none
12/01/19
Woodbury MN
97913PCQ7
AAA
local
123,037.35
123,037.35
115,000.00
3.250%
121,727.50
semi - annual
12/22/11
none
02/01/20
Dallas TX Indpt Sch Dist
235308QK2
AAA
local
116,900.00
116,900.00
100,000.00
4.450%
118,640.00
semi - annual
04/16/12
08/15/11
02/15/20
Minnetonka MN ISD #276
604195PQ4
AAA
local
23,491.73
23,016.40
20,000.00
6.200 %,
22,952.20
semi - annual
11/19/12
none
01/01/21
Minneapolis MN
60374YG68
AAA
local
110,419.00
110,419.00
100,000.00
4.700%
116,656.00
semi - annual
10/31/11
none
031'01/23
Tenn Valley Auth Zero Cpn
88059EHD9
AAA
local
263,970.00
263,970.00
88,133.00
300,000.00
100,000.00
264,597.00
maturity
03/11/13
none
05/01/20
Tenn Val Auth Cpn Strip Zero Cpn
88059EMX9
AAA
local
88,133.00
86,388.00
maturity
03118/13
none
07/15120
Florida St Dept Environmental
34160WUA0
Al
state
217,800.00
217,800.00
200,000.00
6.206%1
232,118.00
semi - annual
08130/10
07/01/10
07/01/22
Washington State
939758DL9
AA-
state
205,804.00
205,804.00
200,000.00
4.500%
207,806.00
semi - annual
01/24/12
04/01/12
10/01/18
Iowa State Spl Oblg
46257TC1.1
AA2
state
104,348.00
104,348.00
100,000.00
3.335%
106,075.00
semi - annual
12/13/11
none
06/01/18
Georgia State
373384RQ1
AAA
state
26,742.50
26,742.50
25,000.00
2.970%
27,384.00
semi - annual
02108112
none
10/01/18
Texas State
882722,151
AAA
state
103,089.00
103,089.00
100,000.00
2.894%
108,043.00
semi - annual
08/10/11
04/01/12
10/01/18
Virginia State
928109XD4
AAA
state
22,126.00
22,126.00
20,000.00
4.100%
22,354.00
semi - annual
02107/12
none
06/01/21
Fed Home Ln Mtg Corp Mad Term Note
3134G3ZK9
AAA
US
200,000.00
200,000.00
200,000.00
1.200 %,
200,934.00
semi - annual
07130112
01/30/13
07/30/18
Fed Nab Mtg Assn _ _ _
3136GOY70
AAA
US
199,300.00
199,300.00
200.000.00
1.080%
199,536.00
semi - annual
10/30/12
01/30/13
01/30/19
Fed Fans Credit Bank _
Fed Home Ln Mtg Corp Med Term Note
Fed Home Ln Mtg Corp Med Term Note
Fed Nall Mtg Assn Remic _
Fed Nall Mtg Assn Remic _ _
Fed Home Ln Mtg Corp
_3133EC5N0
AAA
US
99,587.00
99,587.00
100,000.00
1.250%
99,753.00
semi - annual
01/07113
10/29/12
07/29/11
03/04/13
09/13/12
01/29/12
03/04/19
3134G3RY8
AAA
US
204,229.17
203,750.00
200,000.00
1.875%
202,960.00
semi - annual
03/13/19
3134G2SJ2
_31393BD36
31393EAL3
AAA
US
100,000.00
100.000.00
100,000.00
2.000%
5.000%
4.500%
100,550.00
5,818.58
33,560.06_
semi - annual
monthly
07/29/21
US
203,816.48
5,761.62
32,325.76
5,638.32
31,662.82
04130/03
05/25/03
04/25118
US
204,187.50
153,656.25
monthly
07/30/03
none
08/25118
31393VMQ1
US
17,686.80
17,265.90
4.500%
18,288.73
_#
monthly
06/30/03
06/15118
5,529,332.87
Mitchell SD Sch Dist #17-2
606687EHO
AA-
local
116,702.00
116,702.00
100,000.00
6.000%1
118,255.00
semi - annual
12/20/11
06/15/19
06/15/24
Itasca County Minn
465452GP9
AA-
local
105,024.00
105,024.00
100,000.00
5.550%
108,567.00
semi - annual
07/12/11
none
02/01/28
Savage Minn
80465PAN4
AA+
local
198,018.00
198,018.00
200,000.00
4.800%
221,588.00
semi - annual
06/17/10
02101/11
02/01/24
Lake City Minn ISD #813
508084DW7
AA+
local
103,933.00
103,933.00
100,000.00
5.000%
111,433.00
semi - annual
05/11/11
none
02/01/25
Milaca Minn ISD #912
598699NT9
AA+
local
106,941.00
106,941.00
100,000.00
5.650%
114,387.00
semi- annual
07/22111
none
02/01/27
Duluth MN
264438ZL9
AA2
local
29,767.20
29,767.20
30,000.00
2.625%
29,473.50
semi- annual
12/05/12
08/01/13
02/01/25
Will County IL Cmnty Zero Coupon
969078QM9
AA2
local
159,000.00
159,000.00
500,000.00
248,125.00
maturity
08/25/09
none
11/01/27
Van Buren Mich Public Schools
920729HD5
AA2
local
102,750.00
102,750.00
100,000.00
6.430%
116,482.00
semi - annual
07117/09
11/01/09
05/01/29
Hawkins Cnty TN
420218PL7
AA3
local
111,480.00
111,480.00
100,000.00
4.800%
107,870.00
semi - annual
03/13/12
none
05/01/24
Shoreview MN
825214EH8
AAA
local
197,205.75
197,205.75
175,000.00
4.900%1
195,881.00
semi - annual
01/25/12
none
02/01/24
Tennessee Valley Auth Ser E
880591CJ9
AAA
local
121,500.00
121,500.00
100,000.00
6.750%
143,755.00
semi - annual
03/19/09
none
11/01/25
Ice Deposit- National Sports Center
none
local
250,000.00
250,000.00
250,000.00
250,000.00
maturity
semi - annual
02/06/08
07/27/06
none
01/01/07
01/01/26
Minnesota St Hsg Fin Agy Taxable
60415NE24
AA1
state
80,600.00
80,600.00
80,000.00
6.300%
86,824.00
07/01/23
Fed Home Ln Bank
31338031-18
AAA
US
200,000.00
200,000.00
200,000.00
1.500%
199,022.00
semi - annual
07/30/12
01/30/13
07/30/24
Fed Farm Credit Bank
31331VLC8
AAA
US
106,030.45
106,030.45
100,000.00
5.250%
127,627.00
semi - annual
02/26/10
none
04/21/28
Fed Natl Mtg Assn
31398AQY1
AAA
US
218,100.00
218,100.00
200,000.00
5.380%
215,552.00
semi- annual
12/24/12
none
11113128
Fed Natl Mtg Assn
31398ARA2
AAA
US
248,750.00
248,750.00
250,000.00
5.270%
257,602.50
semi- annual
12/05/08
none
11/14/28
3,964,152.50 local
703,780.00 state
861,400.37 US
6 - 10 Years
1,765,816.50 local
86,824.00 state
March 2013 Investment Detail
Description
Cusip
Number
Credit
Rating
Type
Purchase Price
Carrying Cost
Maturity Amount
Interest
Rate
Current Market
Value
Interest Paid
Date
Acquired
Coupon
Date
Maturity
Due Date
Fed Nall Mtg Assn
Fed NaU Mtg Assn Pool #561214
Fed Nat Mtg Assn Pool #631456
3136FTP94
AAA
US
361,069.20
361,069.20
360_,000.00
2.000%
360,864.00
semi - annual
monthly
12/13/12
none
02/27/32
04/01/31
31386EN79
US
US
253,331.33
92.65
12,022.86
92.05
12,068.11
6.000%
6.000%
99.97
06/24/02
31389PQH6
871,718.75
13,106.57
3,026,514.54
monthly
04/30/02
05125/02
04/01/32
23,556,368.01
1,173,874.04 US
1G+ Years
INVESTMENT SCHEDULE - Money Market Funds
March 31, 2013
Description
Current Market
Value
YTD Interest
Wells Fargo
1 lWells Fargo Government Money Market Fund
$1,919,522.981 $110.13
4M
1 14M
1,892.52 -
4M PLUS
I 14M Plus
3,100.711 29.26
Grand Total Money Market Funds 1 $1,924,516.21 1 $139.39
Updated: 41512013
ANDOVEA
T Y O F
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV
TO: Mayor & Council Members
FROM: Jim Dickinson, City Administrator
SUBJECT: Supplemental Agenda Item for April 30, 2013 City Council Workshop
DATE: April 30, 2013
The City Council is requested to receive the following supplemental information.
Closed Session
Closed Session — Property Negotiations/PID's #11- 32 -24 -31 -0001 & #29- 32 -24 -44 -0022
Add PID's #14-32-24-22-0012, 14-32-24-22-0016 & 14- 32 -24 -21 -0001
submitted,
im