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Home My WebLink AboutWK - October 20, 2015C I T Y O F ND60VE 1685 CROSSTOWN BOULt VAKU N.W. • AN UUVER, MINN t SU IA 553U4 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV City Council Workshop Tuesday, October 20, 2015 Conference Rooms A & B 1. Call to Order — 6:00 p.m. 2. Subordinate Classroom Structures - Planning 3. Accessory Dwelling Units - Planning 4. September 2015 General Fund Budget Progress Reports — Administration 5. September 2015 City Investments Review - Administration 6. 2016 Budget & 2016 -2020 CIP Development Updates — Administration (Verbal by City Administrator as time permits) 7. Other Business 8. Adjournment C I T Y O P N66 - 1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: Mayor and Councibnembers CC: Jim Dickinson, City Administrator Dave Carlberg, Community D opm t Director T SUBJECT: Subordinate Classroom Structures - Panning DATE: October 20, 2015 At the September 8, 2015 workshop, the Planning and Zoning Commission (P & Z) discussed subordinate classroom structures in regards to other cities requirements, life span of the structures, and quality of the structures. Staff researched codes and spoke with staff from 10 metro cities. The research information and P & Z workshop meeting minutes are attached for your review. DISCUSSION City Requirements Through researching the 10 communities, staff determined it is more common to require either an Interim Use Permit (IUP) or Conditional Use Permit (CUP) with an expiration date. If an extension is requested, it is typical for the city to work with the applicant by extending the permit. 6 of the cities (Andover, Anoka, Blaine, Elk River, Plymouth, Ramsey) have similar/same code requirements. 3 cities (Coon Rapids, Rogers, Wayzata) do not address temporary structures within the city code. Coon Rapids updated the City Code 2 years ago and the portion referring to temporary classrooms was removed from the code. Rogers does not address them; however, it would need to be approved through the site plan review process. Wayzata does not address them and the city does not have these types of structures. 2 cities (Rogers, Shoreview) require the structures to be approved as part of a site plan review process; however neither of the cities have these type of structures. Life Span of Structure No cities' address the life span of the structures. According to Andover Fire and Building staff, the structure itself should last indefinitely as long as it is kept up and continuously updated to address life safety issues. Fire codes don't change very often. There are provisions for existing building that may not require the building to meet the new code but must meet the code that was in effect at the time it was constructed. Currently, the State Fire Marshal's Office is required to inspect all public schools and their "relocatable classrooms" every 3 years. Andover Fire Staff makes an effort to inspect the schools and churches every 2 years. Quality of Structure No cities' address the quality of the structures. These types of structures are constructed according to Building and Fire Codes. Again, according to Andover Fire and Building staff, the structure itself should last indefinitely as long as it is kept up and continuously updated to address life safety issues. Planning and Zoning Commission Recommendation At the September 8, 2015 workshop, P & Z stated concerns with the length of time these structures remain on site and the continuous extension approvals. P & Z recommended allowing subordinate classroom structures for a time period of five (5) years with the possibility of a two (2) year extension with a plan from the property owner to either remove the structure(s) or the conversion to a permanent structure(s). ACTION REQUESTED City Council is requested to discuss the timeframe allowed for existing and future subordinate classrooms and provide P & Z and staff with direction regarding the possibility of a time limit. Attachments Research of City Codes September 8, 2015 P & Z Workshop Meeting Minutes Respectfully ubmi Stephanie L. Hanson Subordinate/Temporary Structures Andover Requires an RIP 5 year permit. Staff is not aware of any instances in which an existing permit was not extended if the request has been made. Public schools are a permitted use in residential districts; there are no restrictions on expansion by construction of temporary classrooms. Places of Worship are a conditional use therefore any expansion of their facilities would require the issuance of an RIP. Anoka Requires an NP In 2010 the CC approved an IUP for temporary classrooms for the Anoka High School, set to expire on 7/1/2020. Part of the conditions does not allow additional classrooms. If an addition to the high school is not completed by 2020, the RIP will be extended. Blaine Requires a CUP The City will work with the applicant to determine a timeframe needed for the CUP. The existing CUP structures at the schools and churches have been amended when the request has been made. Coon Rapids Code does not address temporary classrooms Staff is not aware of any of these structures within the City of Coon Rapids A couple years ago the Coon Rapids code was updated — the portion referring to temporary classrooms was removed from the code. Elk River Requires an IUP IUP's have an expiration date of typically 2- 3 years with a condition that the IUP will not be extended. Currently, there is one (1) place of worship with an IUP for 3 (three) temporary structures. The structure being used as an office will not be granted an NP extension; the 2 (two) structures used for classrooms may apply for an IUP extension. PlvmouUr Requires an NP Are allowed for public or private schools The City will work with the applicant to determine a timeframe needed for the IUP. Extensions for the existing permit would be extended if the request has been made. Ramsev Requires an NP 5 year permit. Staff is not aware of any instances in which an existing permit was not extended if the request has been made. Ramsey Public Works Department has an NP for use of a modular office. Rogers Code does not specifically address temporary classrooms. Existing `temporary classrooms" have been approved through the site plan review process. Shoreview These types of structures are considered permanent. An applicant would need to go through the formal site plan review process. The structures would need to meet building requirements set forth in the Shoreview code. The City does not have any of these types of structures within the city. Wavzata Code does not address temporary classrooms. Staff is not aware of any of these structures within the City of Wayzata. PLANNINGAND ZONING COMMISSION WORKSHOP MEETING SEPTEMBER 8, 2015 The Workshop Meeting of the Andover Planning and Zoning Commission was called to order by Chairperson Daninger on September 8, 2015, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Commissioners present: Chairperson Daninger, Commissioners Tim Cleven, Bert Koehler, Kyle Nemeth, and Jeff Sims. Commissioners absent: Lynae Gudmundson, Steve Peterson Also present: Community Development Director Dave Carlberg City Planner Stephanie Hanson Others DISCUSS SUBORDINATE CLASSROOM STRUCTURES a. Other Cities Requirements b. Life Span of the Structure a Quality of Structures City Planner Hanson stated she looked at ten different metro cities and Andover's code is very similar to them. She stated some cities do not even address subordinate classroom structures. Coon Rapids used to have them in their code and removed them so they are not allowed at all. Chairperson Daninger indicated he did not remember if this item was the Commission's idea to take a look at or was it directed by the City Council. Commissioner Cleven stated the Commission wanted to look at this because the subordinate classroom extensions are never ending. Commissioner Nemeth stated if the structures are temporary, then why are they always getting approved with sidewalks and landscaping. Commissioner Cleven stated even in the report the Fire Department goes in and inspects them and approves them as long as they meet the current safety codes. Andover Planning and Zoning Commission Workshop Meeting Minutes — September 8, 2015 Page 2 Chairperson Daninger asked what if they changed the wording to portable classrooms. Commissioner Cleven stated they could not call them that because then they would need to be readily moveable which they are not. Chairperson Daninger asked if they should then be called classrooms. City Planner Hanson stated some of the other cities definition states the structures need to be used only for classrooms, not offices or storage. Commissioner Nemeth stated it seems like the applicants need to be given a timeframe or a sunset clause which will make them do something within the specified period of time or they would need to remove the structure. Commissioner Koehler asked if the City is going to keep renewing the structures and the Building Department and Fire Department say they are safe, why do we care. He asked if there is some mechanism they could put in place to make these permanent rather than renewing them year after year. Commissioner Cleven stated in order for a piece of property, temporary of any type, for it to be permanent, it has to be set on a foundation with permanent water, sewer and power connected to it. Commissioner Koehler stated when he says permanent he means the City's idea of permanent like a PUD on the property. It could be a lasting permit as long as the Building Department and Fire Department say it is safe. Commissioner Nemeth stated the retoricalness of it is the applicants have been given the opportunity to build but the City keeps approving the subordinate building so there is no real incentive to build within the specified timeframe. He agreed after a set amount of time it needs to have a sunset clause. After a set amount of time then the City needs to tell the owner they need to bring something through as a site plan or something like that and get something done rather than continuing to approve the structure. Chairperson Daninger stated something that bother; him is the never ending extension approvals. Commissioner Koehler stated that is why he is suggesting converting it to permanent at some point. He stated he did not think these structures are safe and he would feel really bad if someone got hurt. Commissioner Cleven indicated he did not think these are safe structures. Commissioner Nemeth thought they were setting a precedent by approving these without setting a smvset clause on them. He thought they needed to start enforcing the time frame of the approval. City Planner Hanson thought Public Schools did not need permitting for the structures. Community Development Director Carlberg stated the old structures did not need permitting but the new ones would need permitting because they will fall under the new HIP rules. Andover Planning and Zoning Commission Workshop Meeting Minutes — September 8, 2015 Page 3 Chairperson Daninger stated he was ok with approving the structure but only allowing a certain amount of time such as seven years and no longer. Commissioner Nemeth stated they could go with a five year permit with a possible two year extension but no longer. Commissioner Sims thought they would need a reason why not to continue to approve the permit. Commissioner Cleven stated in his mind these structures are not temporary because a temporary structure gets removed after the set number of time that it was approved for. He stated a temporary structure can become permanent if anchored to a concrete slab and can be connected to water, sewer and electricity. Commissioner Koehler stated he liked the idea of approving a permit of five years with a two year extension but he thought it should be longer like another five years because of economic downturns and he thought ten years would be enough for a turn around. City Planner Hanson stated the Fire Chief stated the Fire Department treats these as permanent structures in the City. She indicated she will get a more definitive answer to this. Commissioner Cleven stated Andover does not allow mobile homes in the City and that is what these are. Commissioner Nemeth stated he understood where Councilmember Knight was coming from with schools because of the up and down cycles of the populations. Commissioner Cleven stated if we do not allow mobile homes in the City, why are we allowing kids to spend time in one at school. Community Development Director Carlberg stated the City does not allow mobile homes but they do allow manufactured homes provided they are located in a manufactured home park. Chairperson Daninger asked if this can go before the City Council indicating the Planning Commission would like to change this to a five year permit with a possible extension for two years and then be done. Community Development Director Carlberg asked if this would be new or existing or both. Chairperson Daninger thought this should include new and existing allowing the extension only once it comes up for renewal. Commissioner Koehler thought they should not require someone to remove the building but have the possibility of converting it to a permanent structure. Community Development Director Carlberg stated he would bring this item forward to the City Council for further direction and come back to the Planning Commission with more direction. C I T Y O F NDOVE 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: Jim Dickinson, City Administrator Dave Carlberg, Community Develo m Director SUBJECT: Accessory Dwelling Units (ADU) - Pl ng DATE: October 20, 2015 At the September 15, 2015 City Council work session, Council discussed an article in the Star Tribune'Granny flats' may find a home in Inver Grove Heights and gave the Planning and Zoning Commission (P & Z) direction to discuss the possibility of allowing ADU's within the City of Andover. DISCUSSION Andover does not allow ADU's, defined as an accessory unit with cooking facilities, sanitary facilities and an independent means of access, attached to the single family dwelling unittgarage (attached or detached). However, Andover does allow guesthouses, defined as an accessory building detached from the principal building where accommodation for sleeping is provided but no kitchen facility is provided. Since Andover does not allow ADU's, staff researched other city codes mentioned in the article. The information is attached for your review. Planning and Zoning Commission Recommendation At the October 13, 2015 Planning and Zoning Commission work session, P & Z discussed and supported the possibility of allowing ADU's within the City of Andover. P & Z directed staff to assemble some of the most restrictive provisions for the other cities codes regulating ADU's. The following is a list to consider: • Allow as a CUP in the RI Single Family Rural District • Requires a rental license from the City • Property owner must reside on the property • Maximum one bedroom • No more than two occupants • Minimum size of 500 sf and maximum size of 900 sf • 2 off street parking spaces to be provided • Can be attached or detached from the primary residence ACTION REQUESTED City Council is requested to discuss ADU's and provide P & Z and staff with direction regarding the possibility of allowing them within the City of Andover. Attachments Research of City Codes Star Tribune article `Granny flats' may find home in Inver Grove Heights October 13, 2015 Draft P & Z Workshop Meeting Minutes Res ectful Subs Stephanie L. Hanson Accessory Dwelling Units (ADU) Definition A subordinate habitable dwelling unit. An accessory dwelling unit has cooking facilities, sanitary facilities and an independent means of access, attached to the single family dwelling unit/garage (attached or detached). APDIe Valley Permitted accessory use Allowed in Zone 1 No more than 2 occupants provided 2 off street surface puking spaces exist Dwelling shall not exceed 900 sf Eaean Permitted accessory use Allowed in Estate District (16,000 sf) and RI (12,000 sf) Property owner must reside in primary residence or ADU. Dwelling shall be no more than 960 sf or 33% of the primary residences footprint, whichever is less. An ADU shall not be less than 300 ft. Shall not contain no more than 2 bedrooms Must be located within or attached to the primary residence Must be connected to municipal sewer and water Elk River Permitted accessory use, need license from the Fire Chief and a rental license Property owner must reside on the property Dwelling size must be between 250 ft —1,000 sf No more than 2 bedrooms No front yard entrance - Can be attached or detached from the primary residence Farmington Allowed with a conditional use permit Allowed in the Ag District, R2 (6,000 sf) and R5 (40,000 sf —12 units /acre) Property owner must reside on the property Dwelling maximum size is 1,800 sf - Lakeville Permitted with an Administrative Permit from the Zoning Administrator Must be attached to primary residence with an interior connection between to the 2 living quarters Must have municipal sewer and water available Must have 3 garage stalls attached to the residence No more than 2 occupants Minneapolis Permitted with an Administrative Permit from Zoning Administrator Can be internal to the principal structure, attached or detached Internal and attached — limited to 800 sf, no external stairs Detached — Limited to 1,000 sf, can have external stairs Property owner must reside on property Plymouth Allowed in the following districts: Rural (1 acre), urban 12,500 sf— 18,000 sf) Permitted with an Administrative Permit Must be located above an attached or detached garage Shall not exceed 1,000 sf or the gross floor area of the principal dwelling, whichever is less Property owner must reside on the property 2 off street parking spaces shall be provided Must be connected to municipal sewer and water Richfield Permitted accessory use Can be attached or detached from the primary residence Shall be between 300 ft — 800 sf or the gross floor area of the principal dwelling, whichever is less A minimum of 3 off - street parking spaces is required in order to add an ADU of any kind Roseville Allowed in the LDR -1 District (11,000 sf- 12,500 sf) Allowed with a nontransferable ADU Occupancy Permit from the Community Development Department Property owner must reside on the property Shall be 300 sf - 650 sf, but in no case shall it exceed 75% of the principal dwellings four season living area Must provide 1 off -street parking space Occupancy is limited to 2 people Maximum of 1 bedroom Shoreview Allowed in Estate and Detached single family district Permitted with an Administrative Permit by the City Manager. Permit must be renewed upon the sale of the home Cannot be more than 30% of the buildings total floor area nor greater than 800 sf with a minimum of 500 sf of living space Maximum 2 bedrooms Property owner must reside on the property No front entrances shall be added to the house to access the apartment 3 off - street puking spaces shall be provided, 2 of which must be enclosed 'Granny flats' may find a home in Inver Grove Heights The City Council has given a preliminary OK to accessory dwelling units in single - family areas. By TOJJ p'eWn]p lmft9xTnb- e.Order Reprint Inver Grove Heights is considering joining other Twin Cities suburbs in allowing "granny flats" in single- family neighborhoods under certain conditions. "Granny flats," formally called accessory dwelling units, are second residences that homeowners can create as an addition to their houses or in a garage or other structure on their property. They typically enable seniors to live near family members but also can provide affordable housing to young singles and families. In Dakota County, cities that allow them include Eagan, Apple Valley, Lakeville and Farmington, according to Inver Grove Heights planning officials. Inver Grove Heights' zoning code now allows only one dwelling unit— defined as living, bath and sleeping spaces and a kitchen — per lot in single - family areas. Residents can add living, bath and sleeping spaces to single- family homes but not a second kitchen, because that would constitute a second dwelling unit. An amendment to the city's zoning code that would let single - family homeowners add a second, accessory dwelling Emit received unanimous City Council approval on Monday. A third and final vote could take place at the council's next meeting, on Aug. 24, if city staff completes research on council questions regarding possible rental of accessory dwelling units and occupancy by nonfamily members. Citywide approach The council is taking a citywide approach to regulating granny flats in response to a request from a resident. He and his wife want to convert the second floor of a detached, unused garage on their 2.7 -acre property into a full living space for their daughter and son -in -law. The couple moved into his basement a couple of years ago, and the resident explained that he and his wife wanted to help them, while the younger couple would help them stay in their house longer. The amendment would allow detached accessory dwelling units only on lots that are at least 1 acre in size and that do not have municipal sewer and water service. The unit would have to use the same septic system and well as the principal residence. Skogh believes his existing septic system and well could serve the accessory unit proposed for his garage and meet other requirements of the amendment, City Planner Allan Hunting said. "There isn't anything so far that has made it impossible for them to meet the code requirements, at least as 1 understand it," Hunting said in an interview. Proposed requirements Further provisions of the amendment would require a granny flat to be 250 to 1,000 square feet and to house no more than three people. The unit would have to have at least two off - street parking spaces in addition to the one off - street space required for the primary residence. The property owner would have to live in the primary residence or the accessory unit. The unit the owner does not occupy would require a rental license. Owners would have to register their accessory dwelling units with the city. The units would have to be a subordinate part of a single - family home and the design would have to be similar to the primary residence and be compatible with surrounding homes. The city has received several inquiries about accessory units and proposals to include them in new homes or remodeling projects, but the current code required eliminating fill[ kitchens planned in accessory spaces, Hunting stated in a report to the council. Some properties in the city may have unapproved granny flats, likely in homes built in the 1950s and 1960s that included full kitchens in their basements, according to discussion of the granny flat amendment before the city's planning commission. The number of such properties isn't known. In addition to the Dakota County cities that allow granny flats, other metro -area suburbs that have given the OK include Bloomington, Shoreview, Richfield, Roseville and Plymouth, according to the summary Hunting prepared. Richfield, Roseville and Farmington allow &Vim them in both homes and accessory structures, as Inver Grove Heights is considering, while ,AAI Plymouth allows them only in accessory structures. /,` DRAFT PLANNINGAND ZONING COMMISSION WORKSHOP MEETING OCTOBER 13, 2015 The Workshop Meeting of the Andover Planning and Zoning Commission was called to order by Chairperson Daninger on October 13, 2015, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Commissioners present: Chairperson Daninger, Commissioners Lynae Gudmundson, Bert Koehler, and Kyle Nemeth. Commissioners absent: Commissioner Tim Cleven, Steve Peterson and Jeff Sims. Also present: Community Development Director Dave Carlberg City Planner Stephanie Hanson Others FOAVIAS 1- 0JALSYO9 %r7: %all/llAYHI /f /YKS Ms. Hanson stated at the September 15, 2015 City Council work session, Council discussed an article in the Star Tribune "Granny Flats" may find a new home in hrver Grove Heights. The City Council indicated they would like further review and discussion on these types of accessory dwellings from the Planning Commission and brought back to the City Council for further review. Mr. Carlberg reviewed with the Commission the discussion that happened at the September 15, 2015 City Council workshop meeting. Ms. Hanson stated in many of the cities they reviewed the ordinances were very similar. She stated Farmington allows them through CUP's but have never approved a CUP for one. Commissioner Koehler asked if Farmington has denied a CUP for one. Ms. Hanson indicated they have. Commissioner Koehler asked how many cars are allowed in driveways today in Andover. Ms. Hanson stated they do not have any requirement other than they need to park on hard surface. Commissioner Koehler stated he saw a handout that goes out to new residents that states `two cars per driveway ". Commissioner Nemeth stated he has seen that too. Chairperson Daninger thought that was a covenant for the neighborhood association. Andover Planning and Zoning Commission Workshop Meeting Minutes — October 13, 2015 Page 2 Commissioner Koehler indicated this is on the City's website but he could not find it anywhere in the City Code. Mr. Carlberg indicated he would check into this. Mr. Carlberg stated the Commission should discuss where they would want see these types of structures allowed in the City. Council discussed possibly allowing them in the rural areas where there is more room. Commissioner Nemeth asked if the structures would possibly overtax the city water and sewer systems. Commissioner Koehler stated he had the same concern and that other utilities such as gas and electric could be affected as well. He thought there needs to be a check on all of these things by all of the proper authorities. Mr. Carlberg stated if these would be allowed only in the rural areas they would not burden the city systems because they would be on private septic systems and wells: " Chairperson Daninger asked how they wouldZeal with these in anR-4 District. He thought there would be setback issues andbtlier issues associated witt. Mr. Carlberg stated they could have a dwelling above the`g�e or in the basement o& _home. Commissioner Gudmundson stat would want to do CUP's on these because if they did not set any boundaries on wh e could potentially build then their rural area is going to end up looking like lsantt Citiunty. She thought they would want to look at what they are proposing and building and thootiightthey would like a permit placed on this. Mr. Carlberg stated they could put conditiona�on them. Commissioner llfffll� statue would like to then have a sunset clause placed on these in case the property- ets sold. Mr. Carlberg did not think that would work because of the cost associated with th '1 ' g on the strut ' . Commissioner Koehler stated they would neiWAJ *a p the ge enough that ew homeowner would be painted into certain condi[ion°xtt "' e thjrou}l,d use that =[l a Img so it would not have to be removed. He stated another conee it he bad'Was for oth utilities such as electrical and natural gas. Chairperson Daninger d1 not think that would be enough of an issue because that is coming into developments where sewer is going as well. Commissioner Nemeth stated theyjust had- Centerpoint Energy come in asking for more capacity for tanks. Commissioner Gudmundson thought a CUP would be needed in order to address all of the possible concerus and sines. Commissioner Koehler stated a CUP needs to have some guidance. Mr. Carlberg reviewed some of the other cities requirements where the structures are allowed with the Commission. Commissioner Koehler thought there needed to be some regulation around what residential zoning they will allow these on. Andover Planning and Zoning Commission Workshop Meeting Minutes — October 13, 2015 Page 3 The Commission discussed where in the City the structures should be allowed and requirements needed. The Commission thought the best procedure for allowing these types of structures in the City would be with a CUP. Staff indicated they would bring this information forward to the City Council for further discussion. DISCUSS PUD REQUIREMENTS, CONTINUED Ms. Hanson stated at the September 9, 2015 work aess on tb Dammng and Zoning Commission discussed the intent of PUD's. Duri'ug the discusstort, it was suggested that staff provide a list for the Commission to reference when reviewit UD's. list Commissioner Koehler stated the idea of =Was not to came up witirmtexclusive all encompassing list but just something to get them thinkinoiPthe right direr a. He thought they should have a checklistof things the Ctty wants to avoid when looking at a PUD. Commissioner Nemeth stated he "No item that requires City or A! center island plantings. The sec( certain size of a parkin a PUD,'; wide plan where parks are to be_ open space could be ee items to the list. First one being suclr'as roundabouts with narks and do they want to ask for a ie Park Commission has a City not take a park with a PUD but within the development. and PUD's. Mr. Carlberg stated in oViRr to allow a. homeowner association in a PUD the PUD needs to be largerwith enough uttita to suppo_rrt the HOA. He cited examples of failures such as Country Oa Xs—West. r1A Commissioner Nemeth stated he really liked having a developer's narrative about compliance with the C�r %;de, 13 -3 -11 and thought for the Commission this should be front and foremost. Aessing how are they complying and meeting City requirements. He thought that needs to come from the developer in marketing their development to the Commission. Chairperson Daninger stated the lists are nice and he likes the points discussed but no two PUD's are alike. He thought as they see more PUD's they will get better and people get more experienced. He thought the list will help but as they see more of these come forward they will get more experienced and better. Commissioner Nemeth agreed with Commissioner Koehler that if they have a list, they will remember to ask questions. Andover Planning and Zoning Commission Workshop Meeting Minutes — October 13, 2015 Page 4 Commissioner Nemeth stated he noticed Anoka is now requiring traffic studies with their new developments as part of their approval process and he thought that might be helpful for new developments with not enough arterial roads to possibly meet the demands. He thought this would give them something else to think about. Mr. Carlberg stated traffic studies are expensive and they have been done but typically only with very large residential developments in the City that require Environmental Assessment Worksheets and commercial developments such as Wal -Mart in the City. OTHER BUSINESS Community Development Director Carlberg updaC Plg*pg Commission on related items. - 'i& ADJOURNMENT Morton by Gudmundson, seconded by Nemeth, to a�jatim the meeting at Motion carried on 4 -ayes, 0 -nays, 3- absent (Cleven, P�on, Sims) vote. 1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304. (763) 755 -5100 FAX (763) 755 -8923. WWW.ANDOVERMN.GOV TO: Mayor and Councilmembers FROM: Jim Dickinson, City Administrator SUBJECT: September 2015 General Fund Budget Progress Report DATE: October 20, 2015 INTRODUCTION The City of Andover 2015 General Fund Budget contains total revenues of $9,876,575 and total expenditures of $10,364,730 (includes $26,000 of 2014 budget carry forward); 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 Revenue & Expenditure Budget Summary - Budget "ar 2015 reflecting year to date actual through September 2015. The attachments are provided to assist discussion in reviewing 2015 progress, other documents may be distributed at the meeting. The following represents Administration's directives and departmental expectations that are in place again for 2015: 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. 6. Departments are to be cognizant that services provided are subject to available revenues and should not commit to services that are not sustainable. ACTION REQUESTED The Council is requested to receive a presentation and provide direction to staff. t submitted, on CITY OF ANDOVER General Fund Budget Summary Trials Budget Year 2015 2014 1 2015 I REVENUES Budget Sep YTD %Bud Final Budget Sep YTD %Bud treneral Proper, Tax S 7,501,816 S 3,898,686 52% S 9,496,294 S 7,706,892 $ 3,985,563 52% Licenses and Pmm0s 307,355 257,249 84% 364,430 316,588 324,868 103% Intergovemmentnl 609,541 325,885 53% 697,493 633,015 347,366 55% Charges for Services 685,900 752,854 110% 945,114 748,550 594,968 79% Fines 100,750 62,752 62% 94,375 100,750 72,610 72% Investment Income 75,000 22,603 30% 144,876 75,000 4,891 7% Mlscellaneons 91,850 127,545 139% 150386 98,850 139,374 141% Transfemin 196,930 196,930 IN% 196,930 196,930 199,930 IN% Total Revenue, S 9569,142 $ 5,644,504 59% 5 10,069,898 $ 9,8761575 $ 5,666570 57% 2015 2014 EXPENDITURES Budget Sep YTD %Bud Final Budget Sep YTD %Bud GENERAL GOVERNMENT YNArand COUnell S 86,840 S 69,792 80% S 84,650 $ 87,154 S 71,331 82% Administration 176,265 122,661 70% 169,219 180,888 124,648 69% New,letmr 29,000 19,165 74% 20,974 26,000 19,216 74% Human Resources 39,229 14,629 37% 18,039 40,156 13,408 33% Anomey 178,3M 118,575 67% 177,427 182,000 124,510 68% GryClerk 129,400 94,006 73% 128,859 135,359 101,308 75% Elections 55,336 23,921 43% 41,506 57,492 12,379 22% Finance 235,459 180,986 77% 230,639 239,981 186$84 78% Assessing 150,000 142,210 95% 142,210 150,000 143,431 961% Information Services 176,629 111,378 63% 146,985 172,239 100642 58% Planning& Zoning 401,360 280,736 7W /e 387,309 412,937 295,501 72% Engineenn6 465,656 337,549 72% 460,871 470,631 345,379 73% Facility Management 562,905 349,740 62% 470400 579,802 312,283 5406 Total General Gas 2.683379 ]665]48 70% 2.479,088 2,134,619 1,850,320 68% PUBLICSAF£TY Police Pmtertion 2,818,132 2,113,599 75% 2,818,132 2,918,308 2,188,731 75% Fire Pmrmtion 1,127,389 837,854 74% 1,264,020 1,192,330 714 ,200 0% Protective Inspection 411,295 283,138 69% 390,908 423,161 285,010 67% 0n1 Defense 17,128 19,904 116% 21,837 39,189 22 ,317 57% Animal Control 91950 2,843 29% 4,026 9,950 2 ,255 23% Toal Public Safety 4,383,894 3,251,338 74% 4,499,923 4582,938 3,212513 70% PUBLIC WORBS Streets and lfighwaya 6(1 443,857 73% 60,315 625,664 478,901 71% Saw and Ice Removal 517,949 456,061 88% 637,153 539,770 310,595 58% Street Signs 197,274 152,127 77% 186,587 203,533 161,061 79% Tragic Signals 35.M 19,398 55% 34,902 35,000 19,658 56% Street Ggbting 36,400 22,264 61% 32,646 36,400 20,465 56% Street Ggbrs - Billed 210,000 130,956 62% 201,538 216,030 133,715 fit% Park & Recreation 1,138,426 729,230 64% 1,005,573 1,185,338 833,533 70% Recycling 131,147 79,868 61% 113,901 135,120 96,947 72% Total Public Warta 2,870,274 7033,761 71% 2 ,812,615 2,916,825 2,054,875 69% OTHER Misoellaneous 36,828 27,185 74% 28,685 31,%28 15,693 49% Youth Services 52,500 37,767 72% 52,500 38,600 16,000 41% Trust Other 89,328 64,952 73% 81,185 70328 31,693 45% Tamil Bxpeadimrer S 10,026 ,875 $ 7,221399 72% 5 9,871,811 S 10364,130 S 7,149,401 69% NETINCREASE(DECREASE) S (451,733) $ (1576 ,895) $ 198,087 $ (488,155) 5 (1,482,831) 9 C I T Y O F �� N66 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV TO: FROM: SUBJECT: DATE: Mayor and Councihnembers Jim Dickinson, City Administrator September 2015 City Investments Review October 20, 2015 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 The Council is requested to receive a presentation and provide feedback to staff. Ily submitted, Ji ickinson chments Investment Maturities - September 2015 in Years Investment Maturates Credit Ratingj Fair Less Than More Than Investment Type _ Value 1 1-5 6-10 10 Money market funds $ 1,043,413 N/A $ 1,043,413 $ $ $ MN Municipal Money Market Fund (4M) N/A 4,993 4,993 Certificates of deposit i 3,098,167 - FDIC 9,913,555 6,815,389 - A/Al /A2 Local governments 598,271 - 493,672 - 104,599 512,120 AAI /AA2/AA3 8,1 465 4,378,597 1,527,101 AAA 3,756,598 762,986 2,547,191 61,121 385,300 Sure governments A/Al /A2 203,180 203,180 - - _ AAI /AA2/AA3 1,683,323 837,093 444,065 402,165 AAA 839,020 481,017 336,319 21,684 U.S. agencies AAA 3,181,113 439,960 2,128,895 392,067 220,192 N/A FNMA REMIC 9,752 - 9,752 - - 855,110 U.S. agencies N/A 855,110 - Total investments _ $ 30,230,611 $ 12,312,495 $ 14,291,767 $ 2,404,138 $ 1,222,211 Deposits 2,922,915 IS Total cash and investments 33,153,526 September 2015 Investment Detail Description Castle Number Credit Rating Type Type Purchase Price Carrying Cost Maturity Interest Rate Current Market Value fe; P ) x. ,- �,4, Data Acquired Coupon Date Maturity Due Date Bank Faroda New York Rocky Mountain Bank MVB Bank Inc _ First Community Bank Flushing Savings Bank Medallion Bank Utah Portage County Bank 06061 CD 249,000.00 249,000.00 249,000.00 248,000.00 248,000.00 248,000.00 24900000 0400% 0.200% 0.200% 0.250% 1750% 249,004.98 248,002.48 248,004.96 248,009.92 24926145 maturity maturity maturity maturity monthly 07/13/15 07115115 07117/15 07/17/15 07125/11 none none none none none 10113/15 10115/15 774671BN9 CD 248,000.00 248.000.00 61 CD 248,000.00 248,000.00 10/16/15 31984XGJ5 CD 248,000.00 248,000.00 10/79/15 344030DK4 58403BY34 CD 250,023.39 250,023.38 10/29/15 CD 249,000.00 249,000.00 249,000.00 249,000.00 269,000.00 249,000.00 249,000.00 249,000.00 249,000.00 0.200% 1.650% 249,007.47 249,296.31 maturity monthly 07129/15 011 none none 10129115 11/03/15 73565NAZ6 CD 249,000.00 Mimho Bank 60688MKC6 CD CD 249,000.00 0.350% 249,032.37 maturity 03111/15 none 12/11/15 Banc of California 059615ED2 249,000.00 0.250% 249,047.37 maturity 08103/15 none 12/29/15 Patriot Nall Bank 70337MAF5 CD 149,962.50 749,96250 249,000.00 150,000.00 249,000.00 0.350% 0.300% 150,036.00 249,089.72 maturity monthly 07110/15 06105/15 none 07105115 12130/15 01/051116 Franklin Synergy Bank 35477TBR2 CO, 249,000.00 First National Bank Beardi Meadows Bank Las Vegas _ Beal Bank Everbank Apple Bank for Savings _ Discover Bank Greenwood Peoples United Bank Bartender Bank XeniCl Bank 321091AH3 CD 249,000.00 249,000.00 249,000.00 0.300% 249,067.23 monthly 06008115 07/08115 01/08116 58321JAB4 CD 248,000.00 249,000.00 248,000.00 248,000.00 248,000.00 0.400% 0.350% 248,047.42 249,044.82 maturity maturity 07/10115 07/15175 none none 01/11/16 01/13/16 07370WRN8 CD 249,000.00 249,000.00 29976DZ139 03784JKD5 CO 248,000.00 248,000.00 0.350% 248,052.08 maturity 07/14/15 none 01/14116 CD 249,00000 249,000.00 248,000.00 248,000.00 249,000.00 249,000.00 248,000.00 248,000.00 249,000.00 0.250% 0.300% 0.250% 0,400% 249,059.76 248,044.64 maturity maturity 07/15175 07115I15 none none 01/15/16 01115118 254672SF6 71270QNKS 80280JGHB 98410YAU7 06251AH86 CD 248,000.00 248,000.00 249,000.00 248,00000 249.000.00 248,000.00 248,000.00 249,000.00 _ CD 248,044.64 maturity 07 /15115 none 01/15116 CD 249,044.82 maturity 07115115 none 01115178 _ CD GD CB CD CD 248,000.00 248,000.00 0.300% 248,044.84 monthly 07/16115 08/18115 01/15/18 _ Bank Hamelin 249,000.00 249,000.00 0.500% 249,049.80 maturity 07117115 none 01/19/16 Bank of Bridger 06424WFA7 248,000.00 248,000.00 0.300% 0.750% 0400% 0.400% 0.850% 248,049.60 248,354.64 249,06972 249,067.23 200,558.00 maturity semiannual 07/16/15 none 01131/14 none none 02/14114 02116/14 01119/16 01/29/18 Sterling Savings Bank 859532AH6 248,000.00 248,000.00 07131113 Pacific Western Bank 69506YCG2 249,000.00 249,000.00 200,000.00 248,000.00 249,000.00 249,000.00 200,000.00 maturity maturity semiannual semi-annual 03IM15 03111/15 08/74/13 08/16/13 03/09/16 01 08/15/76 0&116116 Beal Bank 07370WNF9 CD 249,000.00 Lake Forest Bank &Trust 509685ES8 CD 200,000.00 248,000.00 248,000.00 Loans Savings Bank 549101 248,000.00 0.750% 248,476.16 Symmus Bank GA 87164DFL9 _ _CD CD 248,000.00 248,000.00 0.800% 248,540.64 semiannual 09110/14 03/04115 09/016/16 Chaska MN 161664DT1 AA local 71,663.20 71,663.20 70,000.00 2,000% 70,193.20 semiannual 08/15113 06101114 12/01115 North Mankato MN 66075122 AA local 331,729.20 331,729.20 330,000.00 3.000% 0.700% 3.000% 3250% 1.375% 2.000% 331,43220 65,001.30 75,393.00 20,24040 135,785.70 -_ 100, 005.00 semiannual 09/21115 none 12/01/15 Lake Mills WI 510192FAO AA- local 65,000.00 65,000.00 79,373.25 21,26940 137,668.95 101,790.00 65,000.00 75,000.00 20.000.00 135,000.00 100,000.00 semiannual semi - annual semi - annual semi- annual semaannual 08122/15 none 09101116 Plainfield 111 726243LT3 60374VP35 250097A85 - 958522WD3 64966JAW6 264474CK1 264438ZB1 487694DW8 7796986117 AA7 AA1 AA1 AA2 AA2_ AA2 AA2 AA2 AA2 local local local 79.373.25 12127112 name 12115115 Minneapolis Minn 21,2169.40 08102111 none 03101/16 Des Moines IA Area Barney Col 137,668.95 07130/12 08/18111 12101112 06101116 Western Lake Superior MN New York NV _ _ Duluth Minn ISD #709 Duluth MN Keller TX l$D Zero Coupon Rmvle9 TX local 101,M.00 04/01/12 10/01115 heal 208,324.00 208,324:00 200,000.00 3.170% 200,922.00 semi - annual 04/07 /14 06101/11 12101175 local local local 74,939.20 74,939.20 70,000.00 4.01 70,520.10 semiannual 01/18117 none 02/01176 105,852.05 249,000.00 105,852.05 105,000.00 1.000% 105,195.30 semiannual 12905112 08101/13 02901118 249,000.00 250,000.00 249,]3].50 maturity 0324115 none 02115/18 local 101,905.55 101,905.55 95,000.00 3.000% 95,973.90 semiannual 07/10172 08115112 02115118 Greed Forks ND Saks Tae Revers _ 385492GD0 AA2 local 104,082.00 706,082.00 100,000.00 4.000% 703,078.00 -_ -_- semiannual semiannual 0623115 12115/10 09/01112 Ofl/01111 _ 09101/18 02101/18 East Bethel Minn 271074HR0 AA3 bCBI 100,941.00 100,91 100,000.00 3.200% 100,849.00 6,815,388.51 CD September 2015 Investment Detail Description Cusip Number Credit Rating Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Markel Value Interest Paid Date Acquired Coupon Dale Maturity I Due Data Johnson Cnty KS Madison WI Hinsdale IL Three Rivers MN Park Dist Richardson TX 47870OJ99 55844RFY5 433416LW2 885718GG5 763227EC5 AAA local 257,291100 257,290.00 250,011 2.000% 25 12.50 semi - annual semi - annua1 12112113 no 10101115 AAA local 103,870.00 103,820.00 118,011.85 210,828.00 98,031.45 100,000.00 115,000.00 200,00000 9500000 2.000% 2.000% 3.000% 3.150% 100,005.00 10/01/12 04101/13 10101/15 AAA local 118,011.85 210,828.00 98,031.45 115,376.05 semiannual 04/23114 12175/14 72/75115 AAA AAA local local 201,922.00 95,67070 semiannual semiannual 12/12113 08101/14 021 11/12/14 none 02/15116 Illinois State 452152HR5 A3 state 217,312.00 217,312.00 200,001 4.961% 203,160.00 semiannual 07/16/12 09Po1/11 03/01/16 Washington Slate Zem Coupon 93974ATU8 68608URVO 641461NK0 34074GDFB 882722,128 67766WKK7 882723BT5 3133EA6K9 3134A1HH6 AA7 AA7 _ AA2 state state 349,814.50 70,194.60 349,814.50 350,000.00 70,000.00 349,919.50 maturity OW7175 none 12/01/15 Oregon State _ -. Nevada Slate 70,194.60 0.890% _ 70,233.10 semiannual 0729114 00/18115 08/01/13 08101/16 state 258,305.00 258,305.00 4514 250,000.00 4.000% 256,332.50 - semiannual 08/01111 06/01/18 _ Florida St Hurricane AA3 AAA AAA state slate 160,836.80 8015850 160,836.80 5151_ -. 80,158.50 160,000.00 75,000.00 200,00000 200,000.00 200,000.00 260,000.00 1.298% 3.000% 4511 160,608.00 semiannual semi - annual maturity 08/14115 07/01113 07/01/16 _- Taxes Stale _. 75,005.25 03/28112 07/28115 04101112 10/01/1_5 _ Ohio Stale Water Dev Auth Zero Coupon state 199412.00 211,414.00 200,000.00 2392]].60 199,412.00 211,41400 200,000.00 239,2]]60 199,670.00 r. 06/01/18 Texas Stale AAA state 4.000% 206,342.00 semiannual 01114/15 none 08/01/16 Fed Fenn Credit Bank AAA US 0.410% 200,048.00 semi - annual 10/29/12 04/29113 10/29/15 Fed Home tap Corp Zeno Cpn AAA US 239,913.60 -_ maturity 12/04/14 none 12/01115 _. 248,000.00 150,000.00 100,000.00 248,00000 150,00000 100,000.00 268,000.00 150,000.00 100,000.00 11,264,080.31 Capital One 14042E4D0 CD 1.150% 247,615.60 semiannual 044151 01115/18 01/22115 07/17/17 Valley Cent Svgs Bk Reading OH 91944RAEB CD 1.250% 1.500% 749,790.00 monthly 1222/14 12/22/17 NCBSavings Bank FSB 628825JN2 CD 99,784.00 semlannual 0725114 07MW14 =25M5 01102115 0725/18 07102119 Bel lay$Bank 06740KHB6 CD 247,000.00 247,000.00 247,000.00 2.050% 247,209.95 semiannual Synchrony Bank 87164WBT4 CD 247,000.00 247,000.00 247,000.00 2.050% 247,05434 semiannual 07/11114 01111/15 07111/19 PmaleBank &Treat Co 74267GUQB CD 247,000.00 247,000.00 247,000.00 2,000% 246,975.30 semiannual 0721114 0121115 0722119 Goldman Sachs Bank USA 38147JU59 CD 247,000.00 247,000.00 247,000.00 2.050% 246,607.27 semiannual 0723114 01123115 0723/19 Barger Savings Bank 060243DVI CD 245,000.00 245,001 245,000.00 1.000% 245,132.30 semiannual 07130/14 01130/15 07130119 Victory Bank 92644LABB CD 247,000.00 247,000.00 247,000.00 2.000% 246,441 semi - annual 09124!14 03/24/15 09/24/19 Third Federal Saw - _ti - Celkc Bank _. Stearns Bank NA 2511.. _.5151_ 5151_ Citizens Alliance Bank Enerbank USA Elbow Lake MN BM13QAWB CD CD CD 128,000.00 -_ 24],000.00 5122.- 247,000.00 128,000.00 128,000.00 2.000% 128,007.68 semiannual 11/24/14 05/24/15 11/25119 75118RJM0 857894PB9 -_ 5151 17378LAP9 29266NA31 284281KC5 247,000.00 247,000.00 __... 247,000.00 2.050% 1000% 5151 4 _. 2000% 2.100% 2.750% 5151 2511. 248,333.80 246,901.20 249,177.81 249,099.60 171,433.35 semiannual 12/20113 08/20114 1220179 247,00000 semi - annual 1228/14 08/28/15 1228/19 CD 249,000.00 - _ _. 249,00000 249,000.00 170,045.70 0 00 24900000 . 249,000.00 165,000.00 monthly 0627/14 0727114 062620 _ 5151 A CD local 249,000.00 170,045.70 monthly 07/18/14 08/18/14 072020 semlannual 12/08114 none 12/01/19 Oshkosh As Storm Wtr U51 68825RBD1 Al local 101.003.00 101,003.00 100,000.00 3.250% 103,588.00 5141_... semiannual 1WO5110 05/01/11 05101118 Oneida County NY At A2 _. A3 AA AA local local local local 4241_. local 114,388.00 101,55800 22,500.00 5151-__2441 78,434.00 , 57.00. 107,65700 91,510.40 101,558.00 22,500.00 -__- 434,00 76,636.00 100,000.00 100,000.00 40 20,000.00 5142. 75,000.00 6. 250% 5.500% 86.848.00 semiannual 08 /16170 now 04 /15/19 Junction City Kansas 4815021`72 111,047.00 semiannual OW8108 03101/09 ._..._._.. mne 09/01118 70107117 Augusta ME 051411ND4 5.250% 20,756.00 semi - annual -. 03107/12 Chaska MN 2451-- 4451_- Na1h Mankab MN Pont Auth Cmn 161661DU8 2.000% 76,185.50 semiannual 08115113 06101/14 12Po1/16 660760AG4 - -- 107,65200 100,000.00 4.000% 103,348.00 semiannual 0920/13 none 02/01/17 Philadelphia PA AUM Zero Copon 71781LBJ7 _- AA local 181,700 161,700.00 245,000.00 239,928.50 malunty, 01112110 none 04/15/1] Ri _. Rice Cnty MN 762898131 5121_ 75002161 AA AA- Iwal local 45,468.80 45,488.80 40,000.00 4.400% 44,080.40 semi - annual 03107/12 rwne 02101119 Radne WI 101,792.00 101,792.00 100,000.00 2400% 102,290.00 semi - annual 0124/12 OBN1/12 OBN1/7g Minnetrieta MN 604229KE3 AA* bca 10,000.00 10,00000 10,00000 2.450% 10,077.70 semiannual 101IW13 08/01/14 02/01119 2,487,450.85 local 1,521,290.35 state 4391 US .ass Than 1 Year 3,098,166.62 CD September 2015 Investment Detail Description Cal Number Credit Rating Type Purchase Price Carrying Cast Maturity Amount Interest Rate Current Market Value Date Acquired Coupon Data Maturity Due Date Ramsey MN 751813PB6 857896MH4 AA- AA* local 158,6885 158,87285 145,00.0 4.500% 147,486.75 semi - annual 02/16/12 04/01116 04 /01119 Steams Cc MN Osseo MN ISD #279 local 276,875.00 276,87500 250.000.00 25000.00 125,000.00 100.000.00 200,000.00 200,000.00 4.500% 6000% 1.472% 2.450% 260,577.50 26,]0].50 126,28625 102,696.00 semi - annual 04/17113 none 06 /01/20 688443J27 AA1 local 30.103.25 3010325 126,856.25 106,487.00 220,938.00 224,834.00 semi - annual semi - annual 12/22/11 05/20/15 none _. _ _ none 02/01/17 08/15/17 McKinney TX 587646Y91 AA7 iota) 128,858.25 108,487.00 Done County Wl 235D91M92 AA1 local semiannual 07/16/12 none 12/01/17 Minneapolis MN 60374YF93 AA1 bast 220,938.00 4.000% 3.980% 215,1%00 214,958.00 semi-annual semiannual 03/04/14 none 03101/18 King Cnty WA 49074E3L5 AA7 local- 03/2]/12 none 12/01/18 Minneapolis MN 60374YS73 W local 111,898.00 111,898.00 100,000.00 3.250% 106,925.00 semi - annual OBM12 12/01/11 12101/18 Cedar Rapitls IA 15052BRM1 AA1 local 217,672.00 217,672.00 200,000.00 3.000% 211,896.00 semi-annual 06/11/13 12101/13 06101/19 Minneapolis MN 60374YS81 W AA1 AA2 local local local Baal local local local local local local local local local 278,632.50 106,97900 264,250.00 105,594.00 230,000.00 95,278.40 114450.33 241,68660 278,632.50 250,000.00 3.500% 270,655.00 semi- annual 02/26113 nnne 12/01/19 Middleton WI 596782RX2 106,979.00 100,000.00 3.750% 106,797.00 semi- annual 02/24/15 none 09/01/20 Buffalo AN ISD#877 119655PS1 284,250.00 250,000.00 4.050% 260,785.00 semi- annual 03110 /15 none 02101/17 Waterloo IA 941647KE8 AA2 105,594.00 230,000.00 95,278.40 112,617.00 100,000.00 230,000.00 3.500% 103,902.00 semi-annual semiannual 02/24/15 05114/15 no 12115/15 06/01/17 12/15/17 Prior Leke MN 742617087 AA2 AA2 AA2 AA2 AA2 AA2 AA2 AA2 AA3 1.000% 22991490 Napkins Minn ISD#270 439881HC0 80,000.00 5.250% 87,274.40 semi-annual 04/30/12 08101/09 02101/18 Scott County IA 809486EZ2 100,000.00 4.400% 106,331.00 semiannual 10/31112 12101/12 06101/18 Orange Beach ALA 69406PHF1 241,689.60 240,00000 50,000.00 100,000.00 295,00000 110,000.00 200,000.00 4.400% 2.000% 3.150% 2400% 1]40% 256,706.40 51,189.50 105,487.00 305,388.30 110,517.00 186,820.00 _semi- annual semi -annual semi- annual 08/05110 0627/13 OW16111 02101/11 12/01113 04101112 02/01119 Wated001A 941647PAl 50,559.50 100,000.00 286,26800 108,967.10 157,328.00 50,559.50 06101119 Western Lake Superior MN Portsmouth VA 958522WU4 100,000.00 10/01/19 73723RSLB 286,268.00 -- _ 108,987.10 _ semi- annual semi- annual 07117113 08/21/15 02101114 none 02/01/20 05/01/20 Brunswick Cnty 71701VH1 Kane McHenry Cook 80e Kalb Zero Cpn Moorhead! AN 484000MB9 157,328.00 maturity 07/16/12 none 12/01/18 6161412R7 AA3 local 108,820.00 108,820.00 100,000.00 3.800% 102,980.00 semiannual 11/14/11 none 02/01/20 Davenport Iowa 238388GS5 AA3 boat 411,948.00 111,948.00 100,000.00 4.650% 105,408.00 semi - annual 09/13/11 none 08101120 Maple Gmve MN 56516PNY5 AAA local 230,520.40 230,520.40 220,000.00 2.000% 222,969.80 semiannual 01110/13 08/01/13 02/01117 Ramsey Catty MN 751622JG7 AAA local 100,000.00 100,000.00 100,000.00 1.130% 100,145.00 semiannual 08112/14 02/01/15 02/01/17 Tennessee Valley Auth 880591EA6 AAA local 93,153.11 93,153.11 85,000.00 5.500% 92,226.70 semiannual 06101109 01/18/08 7 /18/7 Washington County AN 937791KL4 791740WC3 AAA_ AAA Total 115,000.00 115,000.00 115,000.00 3 .70% 119,409.10 semiannual 07101110 01101/11 01101/18 Saint Loo's Pads MN led 112,114.00 112,114.00 100,000.00 3.850% 106,215.00 semiannual 1222111 none 02101118 Brownsville TX ISD Zero Capon 116421E46 AAA local 229,640.00 229,640.00 250,000.00 240,295.00 maturity semiannual 0626/13 1222/11 none none OW15/18 02/01/19 Minnetonka MN ISD#276 604195RA7 AAA bra] 37,433.20 37,433.20 35,000.00 3.100% 36,221.15 Palm Beach Cnty FLA 69649TTR7 AAA local 256,504.60 256,50460 262,890.00 122,464.80 366,832.80 123,037,35 220,000.00 300,000.00 120,000.00 360,000.00 115.00.00 5.898% 241,219.00 semiannual 07/06/11 none 06/01119 Tenn Val Auth Cpn Strip Zeno Cpn 88059EWZ3 AAA coal 262 ,890.00 283,071.00 maturity 12127113 none 08/01111 08/15119 08/01119 Norwalk Conn 668844DS9 AAA local 122,484.80 366,832.80 4.050% 129,273.80 semiannual 08104110 Greensboro NC 3VA6OV21 AAA local 1263% 378,536.40 semiannual 07115/11 nano 10/01/19 Woodbury MN 97913PCO7 AAA local 1 123,03235 3.250% 118,904.25 semiannual 12/22/11 none 0210120 Dallas TX lndpt Sch Dist 235308OK2 AAA local 116,900.00 10,000.00 4.450% 111,715.00 semiannual 04 /16112 08115/11 02/1520 Tenn Valley Auth Zero Can 88059EHD9 AAA local 263,97000 30,000.0 275,583.00 maturity 03/11/13 nn. 0510120 Tenn VA Auth Cpn Sbip Zero Cpn BB059EMX9 -AAA local 88,133.00 10,000.0 91,387.00 maturity 03/1 &13 trans WN520 Washingon Slate 939758DL9 AA state r26000.000 205,804.0 20,000.0 4.500% 214,438.00 semi - annual 0124/12 04101112 10101/18 Massachusetts Stale 57582P2T6 AA1 state 199,744.0 20,00.0 2.090% 204,466.00 semi - annual 12/17/14 11101/14 0510120 Mississippi State 605581BVB AA2 state 25,000.0 25,00.0 1.116% 25,160.75 semiannual 09/12/13 none 12101116 7,419,459.95 local September 2015 Investment Detall Description Cusip Number Credit Rating Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Markel Value Date Acquired Coupon Data Maturity I Due Date Tennessee Stale 8805410M2 AAA stele 201,894.00 201,894.00 200,000.00 2.326% 205,378.00 w.Wnnual 10/28/11 02/01/12 08101/17 _ Gewgia Stato 373384RD7 AAA state 26,742.50 26,742.50 25,000.00 2.970% 26,172.50 eemiannual 02108/12 none 10/01/18 Texas State 882722J51 AAA stet¢ 103,089.00 103,089.00 100,000.00 2.894% 104,768.00 semi - annual 08110/11 .04/01112 10/01/18 Fed Nall Mtg Awn 3136G1YP8 AAA US 130,130.00 130,130.00 130,000.00 0.800% 130,184.60 semi - annual 07108115 none 12/30/16 Fed Fans Credit Bank 3133EATE8 AAA US 99,647.00 99,847.00 100,000.00 0.900% 100,269.00 semianmual 11/04/13 12/08112 06/08117 Fed Nall Mtg Assn 3136G1AJ8 AAA US 200,000.00 200,000.00 200,000.00 0.700% 200,092.00 semi ,annual 01/30/13 07/30113 01 /30/16 _ Fed Farm Credit Bank 3133ECFA7 AAA US 100,000.00 100,000.00 10O.M.00 1.W% 100,010.00 eemiannual 02/13/13 08/13/13 02/13118 F_ed HOmels Mig Cory 3134G46D5 AAA US 198,000.00 198,000.00 200,660.00 1.200% 200,216.00 suml- annual 0 &12/13 12/12113 06/12118 Fed Home to Mug Corp Med Tenn Note AAA US 200,000.00 200,000.00 200,000.00 1.200% 200,538.00 semiannual 07/3 &12 01/30113 0]/3&18 Fed Faun Credit Bank _3134G2K9 31331Y4S6 AAA US 114,000.00 114,000.00 700,000.00 5.050% 110,924.00 semiannual 09/11/13 _none 08M1118 _ Fed Had Mfg A$sn 3136G0RB9 AAA US 294,999.00 294,999.00 300,000.00 1.3]5% 300,486.00 sen"maral 12/0 &13 1212 &12 1212 &18 - _ Fed Had Mfg Awn 3738GOY70 AAA US 1 %,300.00 199,300.00 200,000.00 1.080% 198,824.00 semiannual 1 &3 &12 01/30173 07/30119 Fed Faun Credit Bank 3133EC5N0 AAA US 99,587.00 99,58].00 100,000.00 1.250% 99,897.00 semiannual 01707/13 03/04/73 03/04119 _ RFGSP Strip Principal Zero Coupon 76116FAA5 AAA US '185,568.00 185,568.00 200,000.00 187,326.0 matudy, 07/22/15 none 1&i &19 Fed Home In Bank 3130A3XL3 AAA_ US 98,500.00 99,500.00 10.000.0 1.500% 100,292.00 semiannual 0722115 0 &1 &i5 0211 &20 Fed Fans Credit Bank 3133ECQ64 AAA US 191,812.00 191,812.00 200,000.00 1.740% 200,036.00 semiannual 0723/13 11/21/13 05/11120 Fed had Mtg Assn Bank 31393EA13 US 204,187.50 9,829.74 9,432.25 4.500% 9,752.47 monthly 07/3 &03 none 082 &18 FICO Skip Pm -4 Zem Coupon 31771EAD3 US 194,572.06 194,572.00 200,000.00 198,5]8.0 maWrity 03/1 &15 none 10108117 FICO Ship Cpn-E Zem Coupon 31777JXM7 31777F_AA9 US 215,452.16 215,4_52.16 224,000.00 219,576.00 maturity 12/11114 rune 11AM17 FICOSkip Cpn Zem Coupon _ US 23.235.00 23.235.00 250.000.00 243,277.50 maturity 06/09114 none _0 &11/18 _ Fed Home Ln MM Corp 31393VM01 US 153,656.25 5,285.58 5_159 .79 4.500% 5,330.63 monthly _0_6130/03 06/1 &18 FICO Strip Cpnl3 Zem Coupon 31771C2G9 _ US 93,140.00 93,140.00 100,000.00 95,495.00 maturity 12/29/14 None 1227/18 FICO Strip Cpn Zeno Coupon 31358BAA6 US 94,480.00 94,460.00 100,000.00 94,853.00 mafuriry 04/17/15 none 02/01/19 - _ 14,291,767.02 Chaska MN 161663653 AA local 115,122]0 115,122.70 110,000.00 4.000% 114,665.10 semiannual 09ro &14 none 02/0124 _ Mitchell SD Sch Dist #174 606687EHO AA local 118,702.00 116,702.00 100,000.00 6.000% 110,857.00 semi- annual 12/20111 0 &1 &19 06/1 &24 _.. Minneflsta MN 604229KGB AA- __.._ local 161,038.40 161,038.40 160,000.00 .._ 3.100% 16.171.20 semi- annual semi - annual 10/10113 07/09/13 0 &01/14 02 /0121 Greenway MN ISD #31 39678LDF6 AA, local 3.50 27,593.50 25,000.00 5.000% 27,759.25 none 03/15/21 _ Minnetista MN 604229KJ2 AA, kkaI 0.0 40,000.00 40,000.00 3.85_0% 40,049.20 semiannual 10/10113 0&01/14 02/01/23 _ Savage Minn_ 80465PAN4 AA- local 8.00 198,018.00 200,000.00 4.800% 211,]]4.00 semiannual 06117/10 02/01/11 02101/24 Lake City Minn ISD#813 5080B4DW7 AA. local 3.00 703,933.00 100,000.00 5.000% 105,940.00 seml- annual 05/11/11 none 0210125 Des MomeslAAma Cmnly C01 25W97H27 AA1 kcal 6.00 5.608.00 50,000.00 2.450% 51,959.00 semiannual 11/1 &14 12/01/14 06/0721 _ Minneapolis MN 60374YG68 AAi local 9.00 P279,760.60 110,419.00 100,000.00 4.700% 108,030.00 semiannual 7 &37/11 none 0370123 Minneapolis MN 60374YG76 AA1 bmi 1.35 72,201.35 65,000.00 4.800% 70,773.30 semi - annual 12/09114 none 03/0124 IexeMria MN ISD #206 075131L06 AA2 local 0.60 279,780.50 270,000.00 3.000% 275,713.20 semiannual 0121/15 none 0210123 Duluth MN 26143BZ19 AA2 local 7.20 29,767.20 3.000.00 2.625% 29,772.90 semlamual 12/0 &12 08/01/73 02/0125 Whilewater Ws 966204KA6 AA3 local 41.00 109,591.06 700,000.00 4.850% 113,053.00 semiannual 06/09/17 none 1210120 Hawkins Cnty TN 420218PL7 AA3 kcal 11 111,480.00 111,480.00 100,000.00 4.800% 106,184.00 semiannual 03/13112 mrs 0570124 Minnetonka MN ISD#276 6D4195PO4 AAA local 23,491.]3 23,016.40 20.000.00 6.200% 20,291.00 semlannual 11/19/12 rwrs 01/0121 Columbus OH 799492CS6 AAA local 39,958.40 39.958.40 40,000.00 2.133% 40,828.80 semiannual 022 &15 cane 12/0121 Minnesota St Hsg Fin Agy Taxable 60415NE24 AA1 SWI 75,562.50 1 75,562.50 75,000.00 6.30D% 75,618.0 semi - annual 0727/06 01101/07 06/0123 780,383.25 state 2,993,757.20 US 1- 5 Years 1,588,221.75 local September 2015 Investment Detail Description Cusip Number Credit Rat ng Type Purchase Price Carrying Cos[ Maturity Amount Interest Rate Current Market Value Interest Paid Date Acquired Coupon Date Maturity ) Due Date Minnesota St Colleges B Univ Florida St Dept Environmental 60414FPJ3 AA2 stale 100,000.00 100,000.0 100,00000 200,000.00 20,000.00 100,000.00 90,000.00 200,00000 2.000% 6208% 4100% 100,73700 225,810.00 semiannual semiannual 02/26/15 10/01/15 10/01/20 34160VNA0 AA3 stale 217,800.00 217,800.00 0&30/10 0]/01/10 0]/01/22 06/01/21 03/17/21 09/0]/21 Virginia Slate 928109XD4 AAA_ slate 22,128.00 22,126.0 21,684.20 semiannual 02107/12 none Fed Home Ln Mtg Corp 3128X4336 AAA US 105,712.00 105,712.0 5400% 101,843.00 semiannual 01126/15 none Fed Home Ln Bank 3133801053 AAA US 89,831.25 89,83125 200000.00 2.100% 1.500% 90,018.71 semiannual semiannual 09 /30/15 07/30/12 nore Fed Home Ln Bank 3133803H8 AAA US 200,000.00 200,204.00 01/30/13 07/30/24 24%,137.66 Itasca County Minn 465452GP9 A beat 105,024.00 105,024.00 100,000.00 5.550% 104,599.00 semiannual 07112111 none 02/01128 Milece Minn I$D#912 598699NT9 AA, local 106,941.00 106,941.00 100,000.00 5.650% 107,887.00 senn"ma d 07/22/11 rmne 02/01/27 Van Buren Mich Public Schools 920729HD5 W Wei 102,750.00 160000.00 6.430% 113,263.00 semi - annual 07/17/09 11101109 0510129 Will County IL Canary Zero Coupon 9690780109 AA2 local _102,750.00 159,000.00 159,000.00 500,000.00 290,970.00 maturity 08125/09 none 11/01127 Tennessee Valley Auth Ser E 880591GJ9 AAA local 121,500.00 121,500.00 100,000.00 6.750% 135,300.00_ semi - annual 03119109 none 1110125 Ice Deposit- National Sports Center none local 250,000.00 250,000.00 250,000.00 250,000.00 maturity 02106108 none 01/0126 Fed Home Ln Bank 313381051 AAA US 93,]50.00 93,]50.00 100,000.00 2.000% 95,743.00 semlannuel 1223114 was 112327 Fed Farm Cne Bank 31331VLC8 AAA US 106,030.45 108,030.45 100,000.00 5.250% -- 124,449.00 semiannwl 02126/10 rmne 042128 1,222,211.00 29,182,204.99 423,849.20 state 392,066.71 US 6 -10 Years 1,002,019.00 local 220,192.00 US 10e Years INVESTMENT SCHEDULE - Money Market Funds September 30, 2015 Description Current Market Value YTD Interest Far Wells o 1 Wells Fargo Government Money Market Fund 1 $1,043,412.701 $185.21 4M I 14M 1,892.52 4M PLUS 1 3,100.71 1"-PPK77 Grand Total Money Market Funds 1 $1,048,405.93 1 $185.21 Updated. 10/12/2015