The URL can be used to link to this page

Home My WebLink AboutWK - January 22, 2019ANLb Y O F6 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV City Council Workshop Tuesday, January 22, 2019 Council Chambers 1. Call to Order— 6:00 p.m. 2. Discuss Beekeeping Pilot Project & Honey Bee Ordinance - Engineering 3. Discuss Sanitary Sewer Connection Allocation for NE Section of WSA -Engineering 4. Comprehensive Plan Update Discussion — Planning A_ Density in Residential Areas B. Additional Commercial Industrial Zoning 5. Update/Discuss Public Works Facility and Master Plan (Verbal) 6. Discuss Strategic Planning and Council Policy Development Process -Administration 7. 2018 Budget Progress Reports (December) —Administration 8. 2018 City Investments Review (December) —Administration 9. Other Business 10. Adjournment 9 C I T Y 0 F VNLiDOVE^ 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 . (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO CC FROM: SUBJECT: DATE: Mayor and Council Members Jim Dickinson, City Administrato v David D. Berkowitz, Director of bli Works / City Engineer` Kameron Kytonen, Natural Resources Discuss Beekeeping Pilot Project and Honey Bee Ordinance - Engineering January 22, 2019 INTRODUCTION The City Council is requested to receive a summary of the outcome of the beekeeping "pilot project," and to continue to discuss the components of the Honey Bee ordinance (Code 5-1D) to consider amending it to allow beekeeping on lots smaller than 2 acres. DISCUSSION The current City ordinance allows beekeeping on lots that are at least 2 acres in size. There has been interest from residents, including Mark and Debbie Maloney, to do beekeeping on lots smaller than 2 acres. After discussion at two City Council workshops in February and April 2018, the Maloney's were authorized to move forward with the beekeeping operation for one season on their half -acre property. This was to act as a "pilot project." This project was based on minimum distances from neighboring houses, as outlined on the attached map. They will share the experience with the City Council. The next step is to consider revising the ordinance to allow this operation to occur on smaller lots, as long as certain provisions are met. ACTION REQUIRED The City Council is requested to discuss the beekeeping "pilot project" and provide direction to staff on how to proceed. Ordinance revision would be brought back to a regular City Council meeting for formal approval. Respectfully ubmitted, Kameron K onen Attach: Buffer Map Cc: Mark and Debbie Maloney -14208 Quince St., Andover, MN 55304 CHAPTER 1 ANIMAL CONTROL ARTICLE D. HONEY BEES (Apis Mellifera) SECTION 5-1 D-1: Minimum Requirements for Keeping of Honey Bees 5-1 D-2: Required Improvements and Maintenance 5-1 D-3: Violation; Penalty 5-1 D-1: MINIMUM REQUIREMENTS FOR KEEPING OF BEES: A. Location: Honey bee keeping shall only be permitted on properties that are zoned R-1: Single -Family Rural Residential, R-2: Single - Family Estate Residential, or R-3: Single -Family Suburban Residential and are located outside the Municipal Urban Service Area (MUSA) boundary. B. Lot Size: Honey bee keeping shall not be permitted on any property of less than two acres. On lots of 2-5 acres, there shall be no restriction on the number of hives, though all other requirements of the City Code shall be met. C. Hive Location Requirements: Every effort should be made to locate hives in the center of the property, as far from the property lines as possible. All hives must be set back a minimum of 25 feet from the property line. 5-1 D-2: REQUIRED IMPROVEMENTS AND MAINTENANCE: A. All hives located closer than 50 feet to a property line shall be surrounded by a hedge or other similar barrier to ensure that the bees assume a vertical flight pattern upon entering or exiting the hive. B. All hives shall be surrounded by a fence meeting the following criteria: 1. The fence shall prevent people and animals from getting closer than 10 feet to any hive. 2. The fence shall not provide hand or foot holds that would make it easily climbable. 3. Gates in the fence shall be equipped with self-closing and self - latching mechanisms and shall be kept locked when not in use. 4. All fences shall conform with City Code 12-7: Fences and Walls. C. A convenient source of water shall be provided at all times to avoid the congregation of bees at swimming pools, bird baths, or other water sources where they might come in contact with people or pets. D. No wax comb or other such materials are to be left on the grounds of the property. Upon removal from the hive, all such material shall be promptly disposed of in a sealed, bee -proof container or placed within a building or other bee -proof enclosure. 5-1 D-3: VIOLATION; PENALTY: Any person who shall violate any provision of this article shall be guilty of a misdemeanor and, upon conviction thereof, shall be punished as defined by state law. N661 Potential Bee Farm - 14208 Quince St LEGEND Q 75' buffer 0 100' buffer 125' buffer Proposed to be assessed 0 25 50 100 150 Feet Location Ma AC I T Y DN16 IF • • offf 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: Mayor and Council Members CC: Jim Dickinson, City Administ FROM: David D. Berkowitz, Director gineer SUBJECT: Discuss Sanitary Sewer Connection Allocation for NE Section of MUSA - Engineering DATE: January 22, 2019 INTRODUCTION The City Council is requested to discuss sanitary sewer connection allocation for the northeast section of the City's Metropolitan Urban Service Area (MUSA) boundary. As the fringe areas and infill development occur the City is nearing its' peak sewer capacity for several areas within the City. Specifically, for discussion is the most critical area which is north of Lift Station #4 which is in the northeast corner of the MUSA boundary. Refer to Exhibit 1, Lift Station 44 Service Area for the location that we will be discussing in detail. To best prepare and update the City's sanitary sewer system model, within the MUSA boundary, undeveloped areas have a sanitary sewer connection projection/allocation that has been based on best available information and previous sketch plans that have been provided to the City by Developers. These projections have been used to "reserve" sewer capacity or Residential Equivalent Connections (RFC's) for undeveloped parcels. Recently, sketch plans have been submitted requesting more REC's than what was "reserved" in the sanitary sewer model, which would exceed the design capacity of the sewer system in key locations. The City Council is requested to review this information with staff and discuss if developable units should be restricted to the number connections projected in the sanitary sewer model, or, is there a desire to reduce the number of "reserved" lots from undeveloped parcels and appropriate them elsewhere when development plans are submitted requesting more connections than allocated. This policy decision will mostly apply to developable areas in the northeast corner of the MUSA boundary upstream of Lift Station #4 where restrictions in the sewer system are most pronounced. There is some flexibility and additional capacity within the MUSA boundary in other undeveloped areas of the City to allow a limited increase in densities above what has been "reserved." These areas can be looked at on a case by case basis as development plans are submitted. ACTION REQUIRED The City Council is requested to discuss sanitary sewer connection allocation for the northeast section of the City's Metropolitan Urban Service Area (MUSA) boundary and provide direction to staff on how to proceed. Respectfully submitted, ��• Davtd D. Berkowitz Attachments: Lift Station #4 Service Area Map, Overall City Proposed Sanitary System Map I C IT bl&F �A* N6 _J A 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: Mayor and Council Members CC: Jim Dickinson, City Administrat FROM: Joe Janish, Community Development ctor SUBJECT: 2040 Comprehensive Plan Update Discussion — A. Density in Residential Areas DATE: January 22, 2018 ACTION REQUESTED Consider increases related to Planned Unit Density (PUD) "caps" as identified in the City -of Andover Comprehensive Plan related to Rural Residential (RR) and Urban Residential — High Density (URH). DISCUSSION On November 27, 2018 the City Council reviewed the Comprehensive Plan with changes made so far. One of the items discussed was related to the possibility of clarifying if an increase in density can occur within the Rural Residential (RR) area, and if the City Council would like to see a higher "cap" for density within the Urban Residential — High Density (URH) area. City Council directed staff to bring this particular item forward related to density to the January Work Session. 1. RURAL RESIDENTIAL (RR) Currently the Rural Residential (RR) does not provide a line item indicating if a PUD would allow for a higher density. At this time staff has noted that due to that segment missing a PUD is allowed, however density can not be adjusted. If City Council desires to allow for additional density with a PUD staff would suggest City Council modify the chart below to specify the maximum density for Rural Residential (RR). If City Council desires to not allow for additional density staff would suggest to still insert the language, however still insert a line indicating the maximum PUD density is 0.4 units per acre to provide a clearer picture for developers and staff. Staff has included a map to show the areas in which this would affect. Rural Residential (RR) district provides an area for low intensity residential development in areas outside of the Municipal Urban Service Area (MUSA) that will not be served by municipal sewer and water. The minimum lot size is 2.5 acres to provide sufficient space for onsite sewer and water facilities and to prevent dense development that would create an adverse impact on municipal and regional infrastructure. However, smaller acreage lots exist in areas subdivided prior to 1978 and in the two previously approved rural planned unit developments: Nightingale Preserve and Timber River Estates. Planned Unit Developments (PUD) may be allowed. PUD review is used to establish standards that are specifically designed for each development. This district must be protected from higher intensity land uses, including the Urban Residential Low -Density Land Use District, with appropriate transitions. This district also accommodates agricultural land uses. Minimum Lot Size -2 50 acres Dens 0.4 units per acre City Utilities None Corresponding Zoning Districts R-1 - Single Family Rural Residential R-2 - Single Family Estate R-3 - Single Family Suburban AP — Agricultural Preserve Type of Development Single Family Detached Housing, Agriculture 2. URBAN RESIDENTIAL — HIGH DENSITY (URH) Currently the Urban Residential — High Density (URH) has a PUD maximum of 14.4 units per acre. Staff raised the question if City Council desired to see a higher number for High Density Areas (areas shown as M-2) within the City of Andover. Urban Residential - High Density (URH) district provides additional affordable housing choices for all stages of the life cycle. Owner occupied as well as rental housing is permitted. PUD review is used to establish standards that are specifically designed for each development. Potential sites for this district must be evaluated to ensure enough capacity of municipal infrastructure can be provided. Locations near higher volume transportation corridors, such as collector and arterial streets is necessary to accommodate the increased level of traffic generated by this land use. Location near shopping, service, transit and park facilities is also desirable. Appropriate transitions between this district and other districts or transportation corridors are necessary. These transitions are achieved with a combination of landscaping, berms, physical separation and preservation of natural features. E* Minimum Lot Size Variable Density 6 to 12 units per acre Maximum PUD Density Up to 14.4 units per acre City Utilities Required Corresponding Zoning Districts M- 2 Multiple Dwelling High Density Type of Development Single Family Dwelling Two Family Dwelling Multiple Dwellings Location Criteria Must abut collector or arterial street Best located near shopping, service, transit and Staff Research: Andover: Max PUD 14.4 units per acre Blaine: Medium Density 9-12 units per acre High Density 12-25 units per acre Champlin: No max at this time Coon Rapids: Comprehensive Plan Update proposes 50 units per acre Ramsey: Outside the COR - 7 to 15 units per acre Inside the COR — seeing requests for 30+ units per acre (no cap) ATTACHMENTS: Multi -Family Projects Information City Council Workshop meeting minutes November 27, 2018 Future Land Use Map Blaine — V. Medium Density 6-12 units per acre High Density 12-25 units per acre Blaine - Parkway Off Central 21 units/acre i'u 1 71 193 l x/9.1 i A sin let ALEN .6.8 an , 04 Mo on . r. . o .• r� i » ..� 4 Blaine — Coon Rapids — Comprehensive Plan proposes up to 50 units per acre. Coon Rapids - River North Senior Apartments 35 units/acre (2016) 167 U/4.72 A Coon Rapids - Riverdale Station Flats (2018) 36 184 U/5 A Champlin - At this time does not have a density cap Champlin — Mill Pond Gables 10 units 2.62 Acres 6 Champlin - Brookdale - 27 units per acre (2001) 4.4 Acres Champlin - The Legends at Champlin 46 units per acre (2018) r �I r rr of --. 184 U/ log 11 01 7 Andover - Arbor Oaks 24 U / 3 A 9 L L.I ED Andover - The Farmstead 17 Units/Acre 140 units/ 8.2 Acres BUNKER LAKE BLVD NW \ \ PEI! IN z lk Rr" 3 {a.' Via•. � j - � ii. �-+• .,': x�. - T'". t. ■ani �� `•.. , cWE I Ir \ ` BUNKER LAKE BLVD NW \ \ PEI! IN z lk Rr" 3 ANDOVER CITY COUNCIL WORKSHOP MEETING —NOVEMBER 27, 2018 MINUTES The Workshop Meeting of the Andover City Council was called to order by Mayor Julie Trude, November 27, 2018, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Councilmembers present: Mike Knight, Sheri Bukkila, Valerie Holthus and James Goodrich Councilmember absent: None Also present: City Administrator, Jim Dickinson Community Development Director, Joe Janish Director of Public Works/City Engineer, David Berkowitz Others COMPREHENSIVE PLAN UPDATE DISCUSSION Mayor Trude stated tonight's City Council Workshop includes a review of the City's Comprehensive Plan, and there are no public hearings on the agenda. She noted the newly - elected City Councilmember was in the audience and has expressed an interest in being included in a review of this issue and discussion. She requested that some of the issues related to the Comprehensive Plan be held over to the City Council's January 2019 Workshop. Mr. Dickinson stated the Comprehensive Plan Open House is scheduled for February 2019. Mr. Janish stated the Comprehensive Plan document is used by Community Development to guide community planning decisions. He added the proposed Comprehensive Plan meets the minimum requirements of the Metropolitan Council and requested the City Council's review of proposed changes. Mr. Janish stated the first chapter of the Comprehensive Plan provides an overview of the community and the Metropolitan Council's growth forecasts for Andover. He added City Staff recommends moving forward with these forecasts. He noted the Land Use Plan describes growth management strategies for future development and includes planning designations based on density provided by the Metropolitan Council for the City of Andover: Emerging Suburban Edge, Rural Residential and Diversified Rural. Andover City Council Workshop Meeting Minutes — November 27, 2018 Page 2 Mr. Dickinson stated the Diversified Rural zone is related to the Comprehensive Plan amendment for Rural Reserve. He added the planning designations have some flexibility. Mayor Trude requested clarification regarding the Rural Residential zone, and whether it is the fringe area of the Rural Reserve. Mr. Janish stated the Rural Residential Reserve was added in the Comprehensive Plan amendment in 2017. He added this is classified by the Metropolitan Council as Diversified Rural and encompasses the entire Rural Reserve area. Mr. Janish reviewed amendments to the Comprehensive Plan land use plan: updated urban/rural forecasts, an Engineering Department review of transportation analysis zones; net buildable acreage, as well as wetland and flood plain inventory. He added a sewer staging plan is also included as well as Metropolitan Council forecasts. He noted the Housing section includes age of housing stock and number of units constructed in each category. Mr. Janish stated the Metropolitan Council has assigned Andover a specific share of low- and moderate -income housing as well as an Area Median Income (AMI), through 2040. He added the AMI is determined Housing and Urban Development (HUD), and housing costs are going up. He noted, for a 4 -person household, 80% of the AMI is just over $72,000. Mr. Janish stated the Metropolitan Council required a Solar Suitability map, showing potential sites for solar projects within the community. He added this area is located north of Andover Station. Mr. Janish requested City Council consideration of maximum Planned Unit Development (PUD) density, which allows developers to deviate from Code minimums or standards, provided there is a public benefit. He added the high-density Urban Residential area has a maximum of 14.4 units per acre. He noted there has been discussion at the City Council regarding increasing the number of allowable units, due to the high cost of development. Mayor Trude stated the City Council/Economic Development Authority (EDA) had decided against it. Councilmember Bukkila stated she is concerned with quality rather than density. Mayor Trude stated 14.4 units per acre is higher than Arbor Oaks. Mr. Dickinson stated the density at Arbor Oaks was spread over the entire acreage of the Grey Oaks PUD. He added Arbor Oaks is close to 24 units per acre, broken down by that specific parcel. He added it evened out as townhomes and single-family detached homes were included in the development. Mr. Janish stated it has been discussed at the City Staff level that it is difficult to assess as it depends upon any given proposed project. Andover City Council Workshop Meeting Minutes —November 27, 2018 Page 3 Mayor Trude agreed, adding green space and parking requirements also play a factor. Mr. Janish stated other issues affect density, such as floor area ratios and impervious surface requirements. Councilmember Goodrich stated he would support increasing the units per acre for the higher density PUDs as it would allow for some flexibility for developers, making projects more financially feasible. He added they would go through the process anyway, and 16 units may allow for more flexibility. Councilmember Trude stated Code amendments would still be required as the Comprehensive Plan will become the new standard. Mr. Janish stated City Staff proposes an increase particularly for redevelopment, which would still go through the Planned Unit Development (PUD) process, and the applicant would be required to determine public benefit. Councilmember Knight asked how public benefit is defined. Mr. Janish stated there are a series of questions outlined in the City Code asked of the applicant through the public hearing process to determine public benefit. Councilmember Holthus stated she has always thought that a PUD should be examined on a case-by-case basis, as there are many different factors that can affect a development's benefit to the community. Councilmember Bukkila stated multi -family apartment complexes will allow greater flexibility in terms of land use. She asked whether it is important to weight areas of greater density toward County roads to prevent influx into residential areas. She added she would not support a smaller single-family development neighborhood, unless it is a townhome concept. Mr. Janish stated high density Urban Residential, M2, is best suited for areas near shopping, transit, and public spaces. He added the City's current zoning includes the area near Arbor Oaks on Hanson Boulevard NW; Bunker Lake Boulevard and 1381h Avenue NW; and Bunker Lake Boulevard and County Road 7. He noted the EDA discussed redevelopment at these areas. Mr. Janish stated a developer could present a proposal for a higher density and ask for a Comprehensive Plan amendment. He added, however, this would mean a delay for the developer in moving the project forward. Mayor Trude expressed concern that if the units per acre is increased, there will be requests for high density development, and they would not require anything more than a public hearing at the Planning and Zoning Commission. Mr. Janish stated 14.4 units per acre refers to redevelopment only. He added, through the PUD process, each individual PUD request can be analyzed for public benefit. He added City Code Andover City Council Workshop Meeting Minutes —November 27, 2018 Page 4 specifies that the City Council is the authority on whether a project provides enough public benefit. Councilmember Bukkila asked where 14.4 units per acre came from. Mr. Janish stated this calculation was used in the previous Comprehensive Plan. He added 14.4 units per acre was deemed appropriate and accurate within the land mass that was available for development within the City of Andover. He added City Staff proposed the lowest possible number. Mayor Trude asked whether the Comprehensive Plan amendment process would take longer than the PUD process. Mr. Janish stated the PUD process typically takes a little longer. Mayor Trude stated public input is required through both the PUD process and a Comprehensive Plan amendment. She added it would be possible for a developer to do a big development project if the Comprehensive Plan is changed. She added if it is not changed, then community input will be a required part of the approval process. Councilmember Holthus stated the PUD process still requires a public hearing. Councilmember Bukkila stated a project could be denied if it does not fit with the existing neighborhood. Mr. Dickinson stated if a development project meets community goals that could be considered a public benefit - for instance, if there was a significant lack of senior housing. Mr. Dickinson stated maximum density in the Comprehensive Plan gives developers an expectation of the type of project that will be acceptable, and it gives the community an idea of what they can expect. He added the Metropolitan Council will generally not have a problem with exceeding maximum density in the Comprehensive Plan as long as there is sewer capacity. He noted, however, the challenge may come from the public, who would have a basis to say the City is not in compliance with the Comprehensive Plan by exceeding specified density. Mr. Dickinson stated the Arbor Oaks project is approximately 2.9 acres. Mayor Trude stated parking is not an issue as many of the residents do not drive. Mr. Dickinson agreed, adding the units are smaller. Councilmember Holthus asked whether City Staff is aware of the maximum PUD density in Ramsey and Coon Rapids. Mr. Dickinson stated he is unsure although some metro area cities are drastically increasing their maximum densities. He added he does not think that would happen in Andover. Andover City Council Workshop Meeting Minutes —November 27, 2018 Page 5 Mr. Janish stated the City of Shakopee recently went to 39 units per acre on some of their projects. Councilmember Bukkila requested clarification on Arbor Oaks' density and size. Mr. Dickinson stated the site is approximately 24 units per acre, but the density is spread over the entire Grey Oaks area. He added the development is 3 acres with 72 total units. Councilmember Bukkila stated she could envision a similar development on Bunker Lake Boulevard, but she would not support a Comprehensive Plan amendment to make it happen. She asked whether a PUD would be an alternative solution. Mr. Janish stated a redevelopment in that area would require the acquisition and consolidation of property on Bunker Lake Boulevard that is owned by multiple different entities. He added there would be restrictions. Mr. Dickinson stated the City participates in the Metropolitan Council's Plat Monitoring Program, which tracks density and development in various metropolitan area cities. He added a PUD that is significantly above 12 units per acre will raise the City's Plat Monitoring score. Mr. Dickinson stated the City Council should consider what they would like to see in the community. He added City Staff can provide examples and computations based on real life examples in other communities. Councilmember Goodrich asked whether this is for redevelopment only. He asked whether City Code would have to be changed, and whether the flexibility of the PUD would be compromised. Mr. Janish stated City Staff will review the City Code after the Comprehensive Plan is adopted. He added recommendations for code amendments will be reviewed by the Planning and Zoning Commission and City Council and then incorporated into the City Code document. He noted Code changes provide guidance for developers in terms of what the City Council wants and expects. Mr. Janish stated the PUD process requires a sketch plan as part of any redevelopment proposal. He added a public hearing would be held before the Planning and Zoning Commission, and residents are notified. He noted public comments and the Planning and Zoning Commission's recommendation are reviewed by the City Council, and the developer receives the City Council's feedback and comment. Mayor Trude stated this issue should be postponed until the January 2019 Workshop Meeting. She added a high-density, four-story development would be a big change for Andover and they had already told a developer that would not be acceptable here. She noted in place of current, Andover City Council Workshop Meeting Minutes — November 27, 2018 Page 6 outdated and poorly maintained quad rentals on Bunker Lake Boulevard the City Council had expressed interest in creating a new rental housing area, but she would not support increasing density beyond what the Met Council required. Councilmember Holthus stated a new rental housing area may be appropriate in the City. Councilmember Bukkila stated she would support keeping high density rental development out of residential subdivisions. Mayor Trude stated some Councilmembers do not want to go beyond the Metropolitan Council's recommended density minimums. She added higher density merits more public discussion. She noted a four-story rental development with underground parking would not go over well in Andover. Councilmember Bukkila stated the City Council has not seen any market rate rental housing concepts yet, and already decided against a Tax Increment Financing (TIF) District for one proposal. She added there could be a hardship at some point due to allowing larger lots, that will need to be compensated for elsewhere. Councilmember Goodrich stated some areas will not get developed at all if the City is too restrictive. He added developers will be wary that it is difficult to obtain approval in Andover. Mayor Trude asked whether this needs to be addressed now, or when it becomes an issue. She added there is vacant land at Bunker Lake Boulevard and County Road 7 that could be developed at a higher density. She stressed the importance of public discussion. Councilmember Knight stated the increasing number of seniors is creating a different landscape for senior housing. Mayor Trude stated Councilmembers should keep an eye out for buildings or developments in other communities that they feel would fit in Andover and provide location information to City Staff. Councilmember Bukkila stated developers are not interested in market rate apartments in Andover. Mr. Dickinson agreed, adding the costs of land and construction are prohibitive. Mayor Trude stated townhome projects have served the community well in Andover, and they fit the zoning areas for density. Mr. Dickinson stated townhomes are generally owner -occupied units, while apartment complexes are rentals. Andover City Council Workshop Meeting Minutes —November 27, 2018 Page 7 Mayor Trude stated cooperative residential buildings are another model that can be successful, as they are open to any age and costs are shared. She added redevelopment can open the door to rezoning. She noted she would rather not change City Code for one area. Councilmember Bukkila stated she would like to see a better visual from the developer. Mr. Dickinson stated that any change to the City's zoning or Comprehensive Plan will require a majority 4/5 vote. Mayor Trude stated there will be similar issues in the Rural Residential Reserve (RRR). Mr. Janish stated the Comprehensive Plan specifies that residential property in the RRR zone cannot exceed .4 units per acre. He requested the City Council's comment and feedback on whether this should include Planned Unit Development (PUD) density flexibility, or whether to allow for .5 units per acre, and if so, show public benefit. Mayor Trude stated there will be a planning case before the City Council on December 4, 2018, and the issue of whether to go with higher density is not resolved. She added she would like a little more time to review that issue. Councilmember Goodrich stated .5 units per acre might be acceptable depending upon the benefits, but it will change the neighborhood character. Councilmember Bukkila stated the Rural Reserve area should remain at a minimum of 2.5 units per acre. Councilmembers Holthus and Knight agreed. Mr. Janish stated the City Council can review this issue as part of a workshop in January 2019. Mayor Trude agreed, adding the new City Councilmember can be involved in the discussion. Mr. Janish stated the Comprehensive Plan should not be amended if an applicant comes forward and wishes to deviate from the maximum PUD. Mayor Trude stated there is language related to previous PUD's that should not be included. She added she can provide that information to City Staff. Mayor Trude stated available space for commercial development is a zoning issue in Andover. She added that should be included in the Comprehensive Plan. Mr. Janish stated there would be repercussions for the City and its residents if residentially zoned property is converted to commercial or industrial use. Andover City Council Workshop Meeting Minutes — November 27, 2018 Page 8 Mayor Trude stated areas along arterial and main roadways could be considered for mixed use, or areas that are under-utilized where there has been some redevelopment. She added some flexibility could be added into the Comprehensive Plan for this type of development. Mr. Janish stated the City Council could review Land Use in January 2019 to have more time for evaluation and additional conversation. Mayor Trude asked whether more flexibility could also be built into the Rural Reserve, as the City moves forward with the Comprehensive Plan. She asked whether sewer will go through that area. Mr. Janish stated utilities will be a consideration for that area if land values are high. He added there is currently some discussion with property owners in the Rural Reserve Residential zone, which can be serviced on one pipe. Mr. Dickinson stated the high cost of the sewer pipe is currently prohibitive for developers. He added development would ideally start from the north, which is a gamble from a community development standpoint. He noted it may be premature to change the zoning for this area to Urban Low Density, and there is potential for a developer to complete mass grading and eliminate the flood plain. Mr. Janish stated Chapter 3, Transportation Plan, relates to roadways, transit, access, trails, and potential road funding sources; and Chapter 4, referred to as "All Things Water", includes a comprehensive water system plan, surface water management plan, and local water supply plan. He added the 2018 Park Dedication Fee Study was incorporated using information from Chapter 5, Parks and Open Space. He noted this chapter includes information on parks and recreation facilities, as well as tools and techniques to build the system and establish site selection criteria. Mayor Trude stated some areas can be left as "open space" designation, rather than "natural preserve". She referred to the Petersen Farm, and other plats that will be coming forward in 2019. She added that will make it more accurate. Mr. Janish stated City Staff is required by the Metropolitan Council to include additional information in Chapter 6, the Implementation Plan. He added this will help identify and determine impacts or departures from regional plans and policies. He noted zoning districts; housing plan maps, and individual sewage treatment systems (ISTS) were added to Chapter 6. Mayor Trude stated preservation of natural resources is a goal in our community that has been overlooked and could be added to Goals and Objectives. Mr. Janish agreed to discuss this with City Staff. Andover City Council Workshop Meeting Minutes — November 27, 2018 Page 9 Councilmember Holthus asked whether the City's projected population of 41,900 by 2040 will influence the Rural Reserve development. Mr. Janish stated a Comprehensive Plan amendment would be required to include the Rural Reserve development in that projection. He added population projections are based on historical data. Mayor Trude requested clarification on the sewer staging, which indicates when sewer is extended to allow for development, graphics, and whether there have been changes. Mr. Janish stated sewer staging and housing staging look very similar. He added there have been minimal changes as the recession drastically changed community development, and the Metropolitan Council recognizes this. Mr. Berkowitz stated the City of Andover bases its water connections on actual gallons per day rather than the Metropolitan Council's suggested average of 274 gallons per day. He added Andover does not have infiltration and inflow but must be cognizant of its aging system. Mayor Trude asked whether the pipe can be ready and available if the land is developed at a faster pace than expected. Mr. Janish stated the Metropolitan Council understands that City's plans are based on historical data and often it is City Staff's best guess as to where development might occur. Councilmember Knight asked whether environmental issues will play a part. Mr. Dickinson confirmed this, adding environmental regulations are getting more restrictive, especially as they relate to invasive species and storm water. Mayor Trude stated the City Council can discuss the Comprehensive Plan further when the new City Councilmember becomes involved. She added staff may have more information to guide discussions on density for the area zoned for multi -family housing. Mr. Berkowitz stated Rural Reserve area is included on the Metropolitan Urban Service Area (MUSA) Map and has a connection allocation with no restrictions. He added two projects will balance out the system — the Yellow Pine lift station and a future lift station that will tie in to the Hanson Boulevard forced main. Mayor Trude asked whether the water table is addressed in the Comprehensive Plan. Mr. Berkowitz stated it is the responsibility of a developer who comes forward with a master plan. He added the sewer goes right to the trunk line, so the master plan is critical in terms of timing and funding. Mr. Berkowitz stated there are a few areas with potential for redevelopment, and City Staff must determine how many connections will be needed. Andover City Council Workshop Meeting Minutes —November 27, 2018 Page 10 Councilmember Holthus asked whether City Staff meets regularly with Metropolitan Council representatives. Mr. Janish stated City Planner Stephanie Hanson has been fulfilling this role. He added it is a good working relationship. Councilmember Holthus asked whether any transit alternatives or public transportation alternatives have been discussed. Mr. Dickinson stated the City of Andover would need to opt into the transit district. He added the Metropolitan Council recommends that all communities should have 3 units per acre average throughout the community. He noted City Staff have been monitoring plats for 12 to 13 years, and the City of Andover averages close to 3 units per acre. City Staff have been engaged in discussions with the Metropolitan Council on this issue. Mayor Trude commended City Staff for their hard work on this issue. She added this is one of the City Council's most important projects of 2018. Councilmember Holthus expressed her thanks to City Staff for their hard work. RECS AND RECONVENE Mayor Trude cessed the meeting at 7:40 p.m. The meeting was reconvened at 7:45 p.m. UPDATE/DISCUSb'IPOTENTIAL CITY CAMPUS MASTER PLAN PROJECTS PUBLIC WORKS Mr. Berkowitz stated the architecNk architect'finalizing plans for the new Public Works facility, which will be presented to the City Council their December 4, 2018 meeting. He added a pre-bid meeting on December 19th will be held at ity Hall. He noted minor amendments can be made without the plan returning for City Council re ' W. Mr. Berkowitz stated bids are set to open on Janu 22, 2019 at 1:00 p.m., with construction award in February 2019 and groundbreaking in the s ing. He added the facility will be complete by fall 2019, and open during the winter months. Mr. Berkowitz stated the Veterans Memorial Boulevard Project wil ollow the same time frame and will include construction of a trail along the south side of the Me orial from Nightingale Street NW to Tower Drive NW. Mr. Dickinson stated City Staff plans to provide monthly updates on the Campu aster Plan project. He added City Staff is currently working on project financing and prepari for the bond rating review with Standard & Poors, with a bond issuance and sale before the Dec ber 18, 2018 City Council meeting. NPS: 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 . (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: Mayor and Council Members CC: Jim Dickinson, City Administrator FROM: Joe Janish, Community Development Director SUBJECT: 2040 Comprehensive Plan Update Discussion — B. Additional Commercial Industrial Zoning DATE: January 22, 2018 ACTION REQUESTED Consider providing direction to staff in regards to guiding additional areas for Commercial and/or Industrial Zoning. DISCUSSION On November 27, 2018 the City Council reviewed the Comprehensive Plan with changes made so far. One of the items suggested by City Council was to include additional Commercial and Industrial areas within the community. Staff has included an 11x17 Future Land Use map for Council members usage during this conversation. Staff has not provided additional Commercial or Industrial on this map at this time. Staff would like City Council members to be aware that if the future land use is modified the City would then follow through with modification of the current zoning once the Comprehensive Plan is adopted. If a property changes zoning then the current use may become a "legal non- conforming use". Title 12 Chapter 10 NONCONFORMING USES AND STRUCTURES regulates the nonconforming uses within the City of Andover. These regulations limit what an individual may do with their property. The two biggest limitations are: • Discontinuing the use for one (1) year means the use can no longer occur; • No expansion of the use may occur; An example is if the City Council determines a residential area should be changed to commercial and or industrial the homeowner will no longer be able to add onto the home, build a deck (if one doesn't already exist, and if the home becomes vacant for one (1) the home can no longer be used as a home. A factor that many do not realize is that by changing a residential area to commercial and/or industrial will also affect the future financing/refinancing of the property. Staff is looking for direction from the City Council on if additional land should be included as Commercial/Industrial land as part of the Future Land Use Map. City Council Workshop meeting minutes November 27, 2018 Future Land Use Map ANDOVER CITY COUNCIL WORKSHOP MEETING —NOVEMBER 27, 2018 MINUTES The Workshop Meeting of the Andover City Council was called to order by Mayor Julie Trude, November 27, 2018, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Councilmembers present: Mike Knight, Sheri Bukkila, Valerie Holthus and James Goodrich Councilmember absent: None Also present: City Administrator, Jim Dickinson Community Development Director, Joe Janish Director of Public Works/City Engineer, David Berkowitz Others COMPREHENSIVE PLAN UPDATE DISCUSSION Mayor Trude stated tonight's City Council Workshop includes a review of the City's Comprehensive Plan, and there are no public hearings on the agenda. She noted the newly - elected City Councilmember was in the audience and has expressed an interest in being included in a review of this issue and discussion. She requested that some of the issues related to the Comprehensive Plan be held over to the City Council's January 2019 Workshop. Mr. Dickinson stated the Comprehensive Plan Open House is scheduled for February 2019. Mr. Janish stated the Comprehensive Plan document is used by Community Development to guide community planning decisions. He added the proposed Comprehensive Plan meets the minimum requirements of the Metropolitan Council and requested the City Council's review of proposed changes. Mr. Janish stated the first chapter of the Comprehensive Plan provides an overview of the community and the Metropolitan Council's growth forecasts for Andover. He added City Staff recommends moving forward with these forecasts. He noted the Land Use Plan describes growth management strategies for future development and includes planning designations based on density provided by the Metropolitan Council for the City of Andover: Emerging Suburban Edge, Rural Residential and Diversified Rural. Andover City Council Workshop Meeting Minutes —November 27, 2018 Page 2 Mr. Dickinson stated the Diversified Rural zone is related to the Comprehensive Plan amendment for Rural Reserve. He added the planning designations have some flexibility. Mayor Trude requested clarification regarding the Rural Residential zone, and whether it is the fringe area of the Rural Reserve. Mr. Janish stated the Rural Residential Reserve was added in the Comprehensive Plan amendment in 2017. He added this is classified by the Metropolitan Council as Diversified Rural and encompasses the entire Rural Reserve area. Mr. Janish reviewed amendments to the Comprehensive Plan land use plan: updated urban/rural forecasts, an Engineering Department review of transportation analysis zones; net buildable acreage, as well as wetland and flood plain inventory. He added a sewer staging plan is also included as well as Metropolitan Council forecasts. He noted the Housing section includes age of housing stock and number of units constructed in each category. Mr. Janish stated the Metropolitan Council has assigned Andover a specific share of low- and moderate -income housing as well as an Area Median Income (AMI), through 2040. He added the AMI is determined Housing and Urban Development (HUD), and housing costs are going up. He noted, for a 4 -person household, 80% of the AMI is just over $72,000. Mr. Janish stated the Metropolitan Council required a Solar Suitability map, showing potential sites for solar projects within the community. He added this area is located north of Andover Station. Mr. Janish requested City Council consideration of maximum Planned Unit Development (PUD) density, which allows developers to deviate from Code minimums or standards, provided there is a public benefit. He added the high-density Urban Residential area has a maximum of 14.4 units per acre. He noted there has been discussion at the City Council regarding increasing the number of allowable units, due to the high cost of development. Mayor Trude stated the City Council/Economic Development Authority (EDA) had decided against it. Councilmember Bukkila stated she is concerned with quality rather than density. Mayor Trude stated 14.4 units per acre is higher than Arbor Oaks. Mr. Dickinson stated the density at Arbor Oaks was spread over the entire acreage of the Grey Oaks PUD. He added Arbor Oaks is close to 24 units per acre, broken down by that specific parcel. He added it evened out as townhomes and single-family detached homes were included in the development. Mr. Janish stated it has been discussed at the City Staff level that it is difficult to assess as it depends upon any given proposed project. Andover City Council Workshop Meeting Minutes — November 27, 2018 Page 3 Mayor Trude agreed, adding green space and parking requirements also play a factor. Mr. Janish stated other issues affect density, such as floor area ratios and impervious surface requirements. Councilmember Goodrich stated he would support increasing the units per acre for the higher density PUDs as it would allow for some flexibility for developers, making projects more financially feasible. He added they would go through the process anyway, and 16 units may allow for more flexibility. Councilmember Trude stated Code amendments would still be required as the Comprehensive Plan will become the new standard. Mr. Janish stated City Staff proposes an increase particularly for redevelopment, which would still go through the Planned Unit Development (PUD) process, and the applicant would be required to determine public benefit. Councilmember Knight asked how public benefit is defined. Mr. Janish stated there are a series of questions outlined in the City Code asked of the applicant through the public hearing process to determine public benefit. Councilmember Holthus stated she has always thought that a PUD should be examined on a case-by-case basis, as there are many different factors that can affect a development's benefit to the community. Councilmember Bukkila stated multi -family apartment complexes will allow greater flexibility in terms of land use. She asked whether it is important to weight areas of greater density toward County roads to prevent influx into residential areas. She added she would not support a smaller single-family development neighborhood, unless it is a townhome concept. Mr. Janish stated high density Urban Residential, M2, is best suited for areas near shopping, transit, and public spaces. He added the City's current zoning includes the area near Arbor Oaks on Hanson Boulevard NW; Bunker Lake Boulevard and 1381h Avenue NW; and Bunker Lake Boulevard and County Road 7. He noted the EDA discussed redevelopment at these areas. Mr. Janish stated a developer could present a proposal for a higher density and ask for a Comprehensive Plan amendment. He added, however, this would mean a delay for the developer in moving the project forward. Mayor Trude expressed concern that if the units per acre is increased, there will be requests for high density development, and they would not require anything more than a public hearing at the Planning and Zoning Commission. Mr. Janish stated 14.4 units per acre refers to redevelopment only. He added, through the PUD process, each individual PUD request can be analyzed for public benefit. He added City Code Andover City Council Workshop Meeting Minutes — November 27, 2018 Page 4 specifies that the City Council is the authority on whether a project provides enough public benefit. Councilmember Bukkila asked where 14.4 units per acre came from. Mr. Janish stated this calculation was used in the previous Comprehensive Plan. He added 14.4 units per acre was deemed appropriate and accurate within the land mass that was available for development within the City of Andover. He added City Staff proposed the lowest possible number. Mayor Trude asked whether the Comprehensive Plan amendment process would take longer than the PUD process. Mr. Janish stated the PUD process typically takes a little longer. Mayor Trude stated public input is required through both the PUD process and a Comprehensive Plan amendment. She added it would be possible for a developer to do a big development project if the Comprehensive Plan is changed. She added if it is not changed, then community input will be a required part of the approval process. Councilmember Holthus stated the PUD process still requires a public hearing. Councilmember Bukkila stated a project could be denied if it does not fit with the existing neighborhood. Mr. Dickinson stated if a development project meets community goals that could be considered a public benefit - for instance, if there was a significant lack of senior housing. Mr. Dickinson stated maximum density in the Comprehensive Plan gives developers an expectation of the type of project that will be acceptable, and it gives the community an idea of what they can expect. He added the Metropolitan Council will generally not have a problem with exceeding maximum density in the Comprehensive Plan as long as there is sewer capacity. He noted, however, the challenge may come from the public, who would have a basis to say the City is not in compliance with the Comprehensive Plan by exceeding specified density. Mr. Dickinson stated the Arbor Oaks project is approximately 2.9 acres. Mayor Trude stated parking is not an issue as many of the residents do not drive. Mr. Dickinson agreed, adding the units are smaller. Councilmember Holthus asked whether City Staff is aware of the maximum PUD density in Ramsey and Coon Rapids. Mr. Dickinson stated he is unsure although some metro area cities are drastically increasing their maximum densities. He added he does not think that would happen in Andover. Andover City Council Workshop Meeting Minutes —November 27, 2018 Page 5 Mr. Janish stated the City of Shakopee recently went to 39 units per acre on some of their projects. Councilmember Bukkila requested clarification on Arbor Oaks' density and size. Mr. Dickinson stated the site is approximately 24 units per acre, but the density is spread over the entire Grey Oaks area. He added the development is 3 acres with 72 total units. Councilmember Bukkila stated she could envision a similar development on Bunker Lake Boulevard, but she would not support a Comprehensive Plan amendment to make it happen. She asked whether a PUD would be an alternative solution. Mr. Janish stated a redevelopment in that area would require the acquisition and consolidation of property on Bunker Lake Boulevard that is owned by multiple different entities. He added there would be restrictions. Mr. Dickinson stated the City participates in the Metropolitan Council's Plat Monitoring Program, which tracks density and development in various metropolitan area cities. He added a PUD that is significantly above 12 units per acre will raise the City's Plat Monitoring score. Mr. Dickinson stated the City Council should consider what they would like to see in the community. He added City Staff can provide examples and computations based on real life examples in other communities. Councilmember Goodrich asked whether this is for redevelopment only. He asked whether City Code would have to be changed, and whether the flexibility of the PUD would be compromised. Mr. Janish stated City Staff will review the City Code after the Comprehensive Plan is adopted. He added recommendations for code amendments will be reviewed by the Planning and Zoning Commission and City Council and then incorporated into the City Code document. He noted Code changes provide guidance for developers in terms of what the City Council wants and expects. Mr. Janish stated the PUD process requires a sketch plan as part of any redevelopment proposal. He added a public hearing would be held before the Planning and Zoning Commission, and residents are notified. He noted public comments and the Planning and Zoning Commission's recommendation are reviewed by the City Council, and the developer receives the City Council's feedback and comment. Mayor Trude stated this issue should be postponed until the January 2019 Workshop Meeting. She added a high-density, four-story development would be a big change for Andover and they had already told a developer that would not be acceptable here. She noted in place of current, Andover City Council Workshop Meeting Minutes —November 27, 2018 Page 6 outdated and poorly maintained quad rentals on Bunker Lake Boulevard the City Council had expressed interest in creating a new rental housing area, but she would not support increasing density beyond what the Met Council required. Councilmember Holthus stated a new rental housing area may be appropriate in the City. Councilmember Bukkila stated she would support keeping high density rental development out of residential subdivisions. Mayor Trude stated some Councilmembers do not want to go beyond the Metropolitan Council's recommended density minimums. She added higher density merits more public discussion. She noted a four-story rental development with underground parking would not go over well in Andover. Councilmember Bukkila stated the City Council has not seen any market rate rental housing concepts yet, and already decided against a Tax Increment Financing (TIF) District for one proposal. She added there could be a hardship at some point due to allowing larger lots, that will need to be compensated for elsewhere. Councilmember Goodrich stated some areas will not get developed at all if the City is too restrictive. He added developers will be wary that it is difficult to obtain approval in Andover. Mayor Trude asked whether this needs to be addressed now, or when it becomes an issue. She added there is vacant land at Bunker Lake Boulevard and County Road 7 that could be developed at a higher density. She stressed the importance of public discussion. Councilmember Knight stated the increasing number of seniors is creating a different landscape for senior housing. Mayor Trude stated Councilmembers should keep an eye out for buildings or developments in other communities that they feel would fit in Andover and provide location information to City Staff. Councilmember Bukkila stated developers are not interested in market rate apartments in Andover. Mr. Dickinson agreed, adding the costs of land and construction are prohibitive. Mayor Trude stated townhome projects have served the community well in Andover, and they fit the zoning areas for density. Mr. Dickinson stated townhomes are generally owner -occupied units, while apartment complexes are rentals. Andover City Council Workshop Meeting Minutes —November 27, 2018 Page 7 Mayor Trude stated cooperative residential buildings are another model that can be successful, as they are open to any age and costs are shared. She added redevelopment can open the door to rezoning. She noted she would rather not change City Code for one area. Councilmember Bukkila stated she would like to see a better visual from the developer. Mr. Dickinson stated that any change to the City's zoning or Comprehensive Plan will require a majority 4/5 vote. Mayor Trude stated there will be similar issues in the Rural Residential Reserve (RRR). Mr. Janish stated the Comprehensive Plan specifies that residential property in the RRR zone cannot exceed .4 units per acre. He requested the City Council's comment and feedback on whether this should include Planned Unit Development (PUD) density flexibility, or whether to allow for .5 units per acre, and if so, show public benefit. Mayor Trude stated there will be a planning case before the City Council on December 4, 2018, and the issue of whether to go with higher density is not resolved. She added she would like a little more time to review that issue. Councilmember Goodrich stated .5 units per acre might be acceptable depending upon the benefits, but it will change the neighborhood character. Councilmember Bukkila stated the Rural Reserve area should remain at a minimum of 2.5 units per acre. Councilmembers Holthus and Knight agreed. Mr. Janish stated the City Council can review this issue as part of a workshop in January 2019. Mayor Trude agreed, adding the new City Councilmember can be involved in the discussion. Mr. Janish stated the Comprehensive Plan should not be amended if an applicant comes forward and wishes to deviate from the maximum PUD. Mayor Trude stated there is language related to previous PUD's that should not be included. She added she can provide that information to City Staff. Mayor Trude stated available space for commercial development is a zoning issue in Andover. She added that should be included in the Comprehensive Plan. Mr. Janish stated there would be repercussions for the City and its residents if residentially zoned property is converted to commercial or industrial use. Andover City Council Workshop Meeting Minutes —November 27, 2018 Page 8 Mayor Trude stated areas along arterial and main roadways could be considered for mixed use, or areas that are under-utilized where there has been some redevelopment. She added some flexibility could be added into the Comprehensive Plan for this type of development. Mr. Janish stated the City Council could review Land Use in January 2019 to have more time for evaluation and additional conversation. Mayor Trude asked whether more flexibility could also be built into the Rural Reserve, as the City moves forward with the Comprehensive Plan. She asked whether sewer will go through that area. Mr. Janish stated utilities will be a consideration for that area if land values are high. He added there is currently some discussion with property owners in the Rural Reserve Residential zone, which can be serviced on one pipe. Mr. Dickinson stated the high cost of the sewer pipe is currently prohibitive for developers. He added development would ideally start from the north, which is a gamble from a community development standpoint. He noted it may be premature to change the zoning for this area to Urban Low Density, and there is potential for a developer to complete mass grading and eliminate the flood plain. Mr. Janish stated Chapter 3, Transportation Plan, relates to roadways, transit, access, trails, and potential road funding sources; and Chapter 4, referred to as "All Things Water", includes a comprehensive water system plan, surface water management plan, and local water supply plan. He added the 2018 Park Dedication Fee Study was incorporated using information from Chapter 5, Parks and Open Space. He noted this chapter includes information on parks and recreation facilities, as well as tools and techniques to build the system and establish site selection criteria. Mayor Trude stated some areas can be left as "open space" designation, rather than "natural preserve". She referred to the Petersen Farm, and other plats that will be coming forward in 2019. She added that will make it more accurate. Mr. Janish stated City Staff is required by the Metropolitan Council to include additional information in Chapter 6, the Implementation Plan. He added this will help identify and determine impacts or departures from regional plans and policies. He noted zoning districts; housing plan maps, and individual sewage treatment systems (ISTS) were added to Chapter 6. Mayor Trude stated preservation of natural resources is a goal in our community that has been overlooked and could be added to Goals and Objectives. Mr. Janish agreed to discuss this with City Staff. Andover City Council Workshop Meeting Minutes —November 27, 2018 Page 9 Councilmember Holthus asked whether the City's projected population of 41,900 by 2040 will influence the Rural Reserve development. Mr. Janish stated a Comprehensive Plan amendment would be required to include the Rural Reserve development in that projection. He added population projections are based on historical data. Mayor Trude requested clarification on the sewer staging, which indicates when sewer is extended to allow for development, graphics, and whether there have been changes. Mr. Janish stated sewer staging and housing staging look very similar. He added there have been minimal changes as the recession drastically changed community development, and the Metropolitan Council recognizes this. Mr. Berkowitz stated the City of Andover bases its water connections on actual gallons per day rather than the Metropolitan Council's suggested average of 274 gallons per day. He added Andover does not have infiltration and inflow but must be cognizant of its aging system. Mayor Trude asked whether the pipe can be ready and available if the land is developed at a faster pace than expected. Mr. Janish stated the Metropolitan Council understands that City's plans are based on historical data and often it is City Staff s best guess as to where development might occur. Councilmember Knight asked whether environmental issues will play a part. Mr. Dickinson confirmed this, adding environmental regulations are getting more restrictive, especially as they relate to invasive species and storm water. Mayor Trude stated the City Council can discuss the Comprehensive Plan further when the new City Councilmember becomes involved. She added staff may have more information to guide discussions on density for the area zoned for multi -family housing. Mr. Berkowitz stated Rural Reserve area is included on the Metropolitan Urban Service Area (MUSA) Map and has a connection allocation with no restrictions. He added two projects will balance out the system — the Yellow Pine lift station and a future lift station that will tie in to the Hanson Boulevard forced main. Mayor Trude asked whether the water table is addressed in the Comprehensive Plan. Mr. Berkowitz stated it is the responsibility of a developer who comes forward with a master plan. He added the sewer goes right to the trunk line, so the master plan is critical in terms of timing and funding. Mr. Berkowitz stated there are a few areas with potential for redevelopment, and City Staff must determine how many connections will be needed. Andover City Council Workshop Meeting Minutes — November 27, 2018 Page 10 Councilmember Holthus asked whether City Staff meets regularly with Metropolitan Council representatives. Mr. Janish stated City Planner Stephanie Hanson has been fulfilling this role. He added it is a good working relationship. Councilmember Holthus asked whether any transit alternatives or public transportation alternatives have been discussed. Mr. Dickinson stated the City of Andover would need to opt into the transit district. He added the Metropolitan Council recommends that all communities should have 3 units per acre average throughout the community. He noted City Staff have been monitoring plats for 12 to 13 years, and the City of Andover averages close to 3 units per acre. City Staff have been engaged in discussions with the Metropolitan Council on this issue. Mayor Trude commended City Staff for their hard work on this issue. She added this is one of the City Council's most important projects of 2018. Councilmember Holthus expressed her thanks to City Staff for their hard work. R ESS AND RECONVENE Mayor Tr e recessed the meeting at 7:40 p.m. The meeting was reconvened at 7:45 p.m. POTENTIAL CITY CAMPUS MASTER PLAN PROJECTS PUBLIC WORKS Mr. Berkowitz stated the archilw4.t is finalizing plans for the new Public Works facility, which will be presented to the City CounNU at their December 4, 2018 meeting. He added a pre-bid meeting on December 19th will be helasqt City Hall. He noted minor amendments can be made without the plan returning for City Counci view. Mr. Berkowitz stated bids are set to open on Jan 22, 2019 at 1:00 p.m., with construction award in February 2019 and groundbreaking in th ring. He added the facility will be complete by fall 2019, and open during the winter months. Mr. Berkowitz stated the Veterans Memorial Boulevard Projectl follow the same time frame and will include construction of a trail along the south side of the moria] from Nightingale Street NW to Tower Drive NW. Mr. Dickinson stated City Staff plans to provide monthly updates on the Cam Master Plan project. He added City Staff is currently working on project financing and prepa ' g for the bond rating review with Standard & Poors, with a bond issuance and sale before theN ember 18, 2018 City Council meeting. Y 0 F O jV E 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: FROM: SUBJECT: DATE: Mayor and Council Members Jim Dickinson, City Administrator Discuss Strategic Planning and Council Policy Development Process January 22, 2019 INTRODUCTION (0 0 A strategic planning session was held with the City Council in 2015, with a final Council Community Vision and Organizational Goals and Values document approved by the City Council and last updated in 2017. Also, during the 2019 Budget Development process, the Council did anticipate that a new strategic planning session would be conducted in 2019. DISCUSSION The 2019 Budget Development guidelines adopted by the City Council contain guidelines related to strategic planning and adherence to community goals and values. The most specific guidelines are as follows: • The use of long-term financial models that identify anticipated trends in community growth and financial resources that will help designate appropriate capital resources for future City needs. The financial models will be used in the budget planning process to ensure that key short-term fiscal targets are in line with long-term fiscal projections. Note: The City continually maintains various financial models to determine the long- term impacts of present-day expenditures and financing decisions. Fiscal assumptions are based upon a complex set of financial data including growth factors, tax capacity valuations, per capita spending and debt ratios. Administration will utilize the long-term model to assist the Council with making long term decisions that impact the City. • Continued commitment to strategic planning targeted toward meeting immediate and long- term operational, staffing, infrastructure and facility needs. Note: A Council Community Vision and Organizational Goals and Values document was approved by the City Council (attached for your review, last updated in 2017). Administration is to assure that direction provided in that document is integrated into various department work plans and budgets. A new strategic planning session is planned to be conducted in 2019. • - 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. Note: City management pays special attention to fiscal values, commercial & residential development or redevelopment, collaboration opportunities, service delivery, livability and the image of the community. ACTION REQUESTED The City Council is requested to discuss how the Council would like to pursue a 2019 strategic planning process and the development of City Council policies to implement the outcome of that process. M Dickinson City of Andover COMMUNITY VISION & ORGANIZATION VALUES AND GOALS The City of Andover's Community Slogan: "Welcome Home" The City of Andover's Vision Statement: "Andover, a safe, growing community in which to live and work which enhances the quality of its citizens' lives through recreational opportunity, quiet neighborhoods, civic involvement, and fiscal and environmental stewardship." City of Andover's Long Term Organizational Values and Goals: 1. EXCELLENCE AND QUALITY IN THE DELIVERY OF SERVICES The City of Andover exists to provide quality services to the public in a professional and cost-effective manner. 2. FISCAL RESPONSIBILITY The City of Andover believes that fiscal responsibility and prudent stewardship of public funds is essential if citizens are to have confidence in government. 3. ETHICS AND INTEGRITY The City of Andover believes that ethics and integrity are the foundation blocks of public trust and confidence and that all relationships are built on these values. 4. TREATING THE CITIZEN AS OUR CUSTOMER The City of Andover believes that the citizen is our customer and, as such, should be treated with courtesy, respect, and integrity. 5. OPEN AND HONEST COMMUNICATION The City of Andover believes that open and honest communication with each other and the public we serve is the key to having an effective organization and informed citizens. City of Andover's Highest Priority External Goals: Goal #1 To ensure city services keep pace with the city's growing and changing population. Goal #2 To enhance communication with the public. Goal #3 To support processes that involve citizen engagement. Goal #4 To develop and update the city's capital improvement program. Goal #5 To broaden and preserve the city's tax base. Goal #6 To balance and prioritize provision of city services with available resources. Goal #7 To respect the environment. City of Andover's Short -Term (one to five years) Organizational Goals - (with work plan): 1. FISCAL GOALS - the City recognizes the following fiscal values as the basis for delivering current and future services to the residents of Andover. A. Assure city financial stability through cost effective services. B. Focus spending on community needs; wants need to be supported by new or redirected sustainable revenues. C. Explore new revenue streams and capture new growth for community needs. D. City investments need to focus on long term sustainability. E. While still providing excellent services to all Andover residents, look for and identify opportunities to reduce tax burdens whenever possible. F. Maintain property values and keep property taxes affordable through good fiscal management. G. Prioritize projects to best serve community priorities when resources are inadequate to address/meet all community demands. H. Plan ahead for large projects (master planning) to maintain consistent revenues and expenses to avoid property tax spikes. 2. COMMERCIAL/RESIDENTIAL DEVELOPMENT/REDEVELOPMENT GOALS - the City wants to be supportive of those invested in or wanting to invest in our community. A. Facilitate upgrades or redevelopment of blighted or underdeveloped parcels. B. Work with business owners and property owners to assist them in being successful in our community. C. Continually analyze existing commercial areas to determine if expansion is feasible and seek out new areas to better serve the community. D. Continually evaluate how to meet sewer/water and street needs of any proposed development and redevelopment projects. E. Review City development processes to help reduce unnecessary steps, time delays and development costs. F. Review development requirements to minimize impacts from overly burdensome requirements. G. Be aware of negative environmental impacts to our community including to proposed developments and attempt to mitigate where economically feasible and practical. H. Evaluate housing programs to determine useful programs that we could adopt that have a positive impact on community market value and preserve neighborhoods. I. Evaluate whether we are adequately providing locations, through zoning, for expanded commercial areas and "starter homes". J. Begin discussion for the 2018 Comprehensive Plan update, soliciting input from large property owners on land set aside land for future development. K. Respond to regional and state initiatives that impact our City or residents through our organizational memberships. 3. COLLABORATION GOALS - the City is supportive of collaboration efforts that are cost-effective and improve efficiency in delivering services. A. Cautiously review any new mandate to determine whether we need to act. B. Foster positive relationships with: school districts, Anoka County, and nearby cities. C. Advocate for safe, efficient commuting routes for our residents and business owners. D. Support an effective and comprehensive transportation system. E. Support upgrade of transportation routes to the Twin Cities Metro for our commuters. F. Work with waste/garbage haulers to determine if a more efficient garbage collection process for the community can be achieved without restricting the citizen's freedom to choose from all available companies. G. Evaluate how volunteers can help our community become a safer, more welcoming and attractive place to live. H. Continue to work with the railroad company that manages the tracks through Andover to reduce the interference trains have on traffic blockages and public safety. 4. SERVICE DELIVERY GOALS - the City is committed to providing efficient and cost-effective city services. A. Evaluate parks maintenance to ensure the city is preserving park assets and not committing to unsustainable service delivery. B. Continue fostering positive relationships with athletic, youth, and other service organizations to obtain their input and seek their contributions with time and funds towards community improvements. C. Alter packet format to improve viewing function on tablets and reduce redundancy found in format. D. Keep current with advances in technology where appropriate. E. Analyze the "administrative fine" process to reduce use of courts, increase local revenues, and improve code compliance. F. Commit to providing the public with effective Public Safety through Fire and Law Enforcement service. G. Pursue local programming for the community youth. H. Continually review our processes to reduce unnecessary or unwanted service deliveries. I. Encourage quality building standards. J. Begin comprehensive evaluation of future Public Works needs on city campus, hire architect, begin construction of new maintenance facility and related projects along with parkway road to come from Nightingale Street that equally benefits all citizens of Andover. K. Begin space needs study for Community Center expansion and financial pro forma, continue conversations with partners about their needs and finances. Create public process for public input. L. Continually evaluate whether we are following our Park Dedication Study when spending park dedication funds. M. Continue to maintain Kelsey Round Lake Park as a signature nature park. N. Preserve current trails and complete trails where we have missing connections or need to improve pedestrian safety. 0. Develop an effective Emergency Preparedness Plan to come to the aid of those in Andover when effected by community disasters. LIVABILITY/IMAGE GOALS - the City recognizes that providing quality basic & desired services enhances the quality of life of our residents. A. Continue to support preservation of natural resources (land, water and air quality). B. Pursue management plan for Open Space properties that minimizes staff involvement and emphasizes users create their own experience and support volunteer efforts to provide additional programming and activities. C. Improve community aesthetics by enhancing corridor to city campus with sustainable landscape plantings, seeking volunteer assistance. D. Look at ways to improve and coordinate a cohesive, attractive appearance along county corridors when the County upgrades roads. E. Explore new methods of collecting public feedback. F. Continually review newsletter content. G. Plan and provide quality city services to residents and adapting to changing demographics. H. Look at ways information from resident survey can be incorporated into goals, plans and policies. I. Find ways to utilize volunteers and engaged residents. J. Evaluate whether current policies and codes inhibit families from improving and upgrading their homes and remove unnecessary barriers to allow increased market value and updating of private property in ways that enhance neighborhoods. K. Support improvements to the website that provide residents with information that is user-friendly so they can be informed about recreation opportunities. C I T Y O F ,NDOVE 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: FROM: SUBJECT: DATE: Mayor and Councilmembers Jim Dickinson, City Administrator December 2018 General Fund Budget Progress Report January 22, 2019 "7 4 INTRODUCTION The City of Andover 2018 General Fund Budget contains total revenues of $11,107,238 and total expenditures of $11,532,015; 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. Attached is the General Fund Revenue & Expenditure Budget Summary - Budget Year 2018, reflecting year to date actual through December 2018. The attachments are provided to assist discussion in reviewing 2018 progress; other documents may be distributed at the meeting. Please note the December 2018 report is unaudited, and subject to change. The following represents Administration's directives and departmental expectations that were in place for 2017: 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 from staff. submitted, Attachment PRELIMINARY CITY OF ANDOVER General Fund Budget Summary Totals - UNAUDITED Budget Year 2018 2017 1 2018 REVENUES Budget Dec YTD %Bud Final Budget Dec YTD %Bud General Property Tax S 8,420,354 $ 8,332,634 99% $ 8,332,634 $ 8,721,256 $ 8,579,019 98% Licenses and Permits 367,705 546,378 149% 546,378 377,900 562,525 149% Intergovenonental 766,150 793,931 104% 793,931 788,274 776,535 99% Charges for Services 773,950 843,023 109% 843,023 746,700 831,345 111% Fines 100,750 75,287 75% 75,287 90,250 73,719 82% Investment Income 75,000 64,751 86% 64,751 75,000 70,776 94% Miscellaneous 124,300 179,912 145% 179,912 129,300 166,083 129% Transfers In 196,930 196,930 100% 196,930 178,558 178,558 100% Total Revenues $ 10,825,139 $ 11,032 846 102% S 11,032,846 $ 11,107,238 $ 11,238,560 101% PUBLIC WORKS 2017 2018 EXPENDITURES Budget Dec YTD %Bud Final Budget Dec YTD %Bud Snow and Ice Removal GENERAL GOVERNMENT 449,881 82% 449,881 562,706 595,857 106% Street Signs Mayor and Council $ 89,991 S 84,136 93% $ 84,136 $ 91,298 $ 87,813 96% Administration 199,541 187,514 94% 187,514 209,533 198,372 95% Newsletter 26,000 25,287 97% 25,287 26,000 17,770 68% Human Resources 27,913 15,520 56% 15,520 28,431 13,654 48% Attorney 191,360 188,644 99% 188,644 191,360 188,031 98% City Clerk 148,599 147,450 99% 147,450 155,608 149,505 96% Elections 63,881 17,852 28% 17,852 59,781 50,629 85% Finance 268,129 258,883 97% 258,883 278,660 275,406 99% Assessing 150,000 147,914 99% 147,914 154,000 146,403 95% Information Services 180,722 149,513 83% 149,513 180,597 168,308 93% Planning & Zoning 462,212 398,780 86% 398,780 438,827 421,834 96% Engineering 535,715 511,183 95% 511,183 553,765 527,063 95% Facility Management 681,733 509,547 75% 509,547 643,519 481,778 75% Total General Gov 3,025,796 2,642,223 87% 2,642,223 3,011,379 2,726,566 91% PUBLICSAFETY Police Protection 2,962,551 2,962,551 100% 2,962,551 3,053,526 3,053,526 100% Fire Protection 1,422,522 1,353,209 95% 1,353,209 1,445,914 1,413,291 98% Protective Inspection 446,688 443,712 99% 443,712 462,164 436,449 94% Civil Defense 24,847 16,320 66% 16,320 32,502 17,790 55% Animal Control 5,950 2,544 43% 2,544 5,950 2,809 47% Total Public Safety 4,862,558 4,778,336 98% 4,778,336 5,000,056 4,923,865 98% PUBLIC WORKS Sheets and Highways 614,668 597,964 97% 597,964 659,943 656,169 99% Snow and Ice Removal 547,777 449,881 82% 449,881 562,706 595,857 106% Street Signs 215,244 214,540 100% 214,540 219,418 207,542 95% Traffic Signals 37,000 36,152 98% 36,152 37,000 25,313 68% Street Lighting 38,400 27,735 72% 27,735 40,400 32,829 81% Street Lights - Billed 217,500 144,451 66% 144,451 220,500 141,220 64% Park & Recreation 1,275,530 1,207,359 95% 1,207,359 1,311,895 1,276,433 97% Natural Resource Preservation 12,697 6,503 0% 6,503 11,074 5,158 47% Recycling 122,221 169,956 93% 169,956 157,216 198,493 126% Total Public Works 3,081,037 2,854,541 93% 2,854,541 3,220,152 3,1399014 97% OTHER Miscellaneous 781,728 764,875 98% 764,875 261,828 233,440 89% Youth Services 38,600 0% 38,600 8,500 22% Total Other 820,328 764,875 93% 764,875 300,428 241,940 81 % Total Expenditures $ 11,789,719 $ 11,039,975 94% S 11,039,975 S 11,532,015 $ 11,031,385 96% NET INCREASE (DECREASE) $ (964,580) $ (7,129) S (7,129) $ (424,777) $ 207,175 jk,�C I T Y 0 F 1 !•.-�; 1 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: December 2018 City Investment Reports DATE: January 22, 2019 INTRODUCTION 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 December 2018, the December 2018 Investment Detail Report, and the December 2018 Money Market Funds Report. These attachments are intended to provide a status report on the December 2018 investments. ACTION REQUESTED Informational, for Council review. Staff will provide a brief presentation and answer questions. .tted, Investment Maturities - December 2018 Investment Maturities (in Years) Credit Fair Less Than More Than Investment Type Rating Value 1 1 -5 6- 10 10 Money market funds N/A $ 3,504,282 $ 3,504,282 $ - $ - $ - MN Municipal Money Market Fund (4M) N/A 11,083,126 11,083,126 - - - Certificates of deposit FDIC 13,133,580 8,729,967 4,403,613 - - Local governments A/AI/A2 343,754 184,155 59,454 100,145 - AA/AAI/AA2/AA3 5,602,953 1,530,563 2,726,586 1,244,487 101,317 AAA 4,792,466 888,407 3,125,527 778,532 - State governments A/AI/A2 202,698 - 202,698 - - AA/AAI/AA2/AA3 929,880 84,757 845,123 - - AAA 463,966 - 463,966 U.S. agencies AAA 11,982,876 5,520,070 6,307,414 155,392 - U.S. agencies N/A 99,795 99,795 - - - Total investments $ 52,139,376 $ 31,625,123 $ 18,134,381 $ 2,278,556 $ 101,317 Deposits 1,469,108 Total cash and investments $ 53,608,484 Description umbCuso Number Credit RatinglF D DIC Type Purchase Price Carrying Cost Maturity Amount Interest Rate CurrentValue Value Interest Paid Date Acquired Coupon Date Maturity) Due Date BMW Bank of North America 05580ADR2 35141 CD 245,000.00 245,000.00 245,000.00 1.600% 244,902.00 semi-annual 01/22/16 07/22/16 01/22/19 Safra National Bk 78658Q2Q5 26876 CD 245,000.00 245,000.00 245,000.00 1.950% 244,853.00 maturity 02/28/18 none 02/27/19 TCF National Bank 872278X76 28330 CD 245,000.00 245,000.00 245,000.00 1.900% 244,828.50 maturity 02/28/18 none 02/28/19 Beal Bank SSB 07370XDZ4 32574 CD 245,000.00 245,000.00 245,000.00 2.000% 244,654.55 maturity maturity 04/11118 12/14/18 none none 04/10/19 04/15/19 Skowhegan Svgs Bk 83084FAR2 19532 CD 245,000.00 245,000.00 245,000.00 2.350% 244,906.90 Bank Hapoalim, BM of NY 06251AT42 33686 CD 245,000.00 245,000.00 245,000.00 2.100% 244,693.75 maturity 04/20118 none 04/18/19 Bank Baroda New York 06062RC42 33681 CD 245,000.00 245,000.00 245,000.00 2.050% 244,639.85 maturity 04/23/18 none 04/23/19 Berkshire Bk Pittsfield MA 084601NP4 23621 CD 245,000.00 245,000.00 245,000.00 1.950% 244,561.45 maturity 04/24/18 none 04/24/19 Customers Bank 23204HFAl 34444 CD 245,000.00 245,000.00 245,000.00 2.000% 244,512.45 semi-annual 02/21118 08/21/18 05/21/19 Banner Bank 06652XFP5 28489 CD 245,000.00 245,000.00 245,000.00 1.850% 244,407.10 semi-annual 02/23/18 08/23/18 05/23/19 First Foundation Sk _ 32026UFSO 58647 CD 245,000.00 245,000.00 245,000.00 2.000% 244,480.60 semi-annual 02/28118 08/28/18 05/28119 Ally Bank Midvale Utah _ Barclays Bank 02006LF32 57803 CD CD 245,000.00 245,000.00 245,000.00 1200% 243,316.85 semi-annual 06/30/16 12/30116 07/01/19 06740KHB6 57203 247,000.00 247,000.00 247,000.00 2.050% 246,313.34 semi-annual 07/03/14 01/02115 07/02/19 Synchrony Bank _87164WBT4 27314 CD 247,000.00 247,000.00 247,000.00 2.050% 246,259.00 semi-annual 07/11/14 01/11115 07/11/19 JP Morgan Chase Bank NA 48125Y51.4 628 CD 245,000.00 245,000.00 245,000.00 1.100% 243,128.20 quarterly 07/15/16 10/15116 07/15/19 Farmers & Merchants Banc _ 3081ONBGO 1895 CD 245,000.00 245,000.00 245,000.00 2.300% 244,644.75 semi-annual 07/17/18 01/17/19 07/17/19 BankUnited A Savings 066519FX2 58979 CD 245,000.00 245,000.00 245,000.00 2.300% 244,608.00 maturity 07/18/18 none 07/18119 MountainOne Bank PrivateBank & Trust Cc 62452ACG3 90253 CD 245,000.00 245,000.00 247,000.00 245,000.00 247,000.00 2.250% 2,000% 244,541.85 246,204.66 maturity semi-annual 07/18/18 07121/14 none 01121115 07/18/19 07/22119 74267GUQB 33306 CD 247,000.00 Goldman Sachs Bank USA _ 38147JU59 33124 CD 247,000.00 245,000.00 247,000.00 247,000.00 2.050% 246,145.38 semi-annual semi-annual 07/23/14 08/09/17 01/23/15 02/09/18 07/23119 Sallie Mae Bank _ _ 795450895 _58177_ CD 245,000.00 245,000.00 1.700% 243,696.60 08/09/19 Town Bank _ 892094CK7_ 34717 CD 245,000.00 245,000.00 245,000.00 249,000.00 245,000.00 2.300% 1.500% 244,549.20 maturity 08/30/18 none 08/09/19 08/21/19 First Federal Svgs Bk _ Santander Bank NA 32021YCH4 29690 CD CD CD 249,000.00 249,000.00 248,081.19 monthly 01/21/16 02/21/16 80280JRQ6 29950 245,000.00 245,000.00 2.300% 244,473.25 maturity 09/05/18 none 09/05/19 _ Valley NIB 919853BB6 9396 245,000.00 245,000.00 245,000.00 2.350% 244,551.65 maturity 09/06/18 none 09/06/19 Victory Bank 92644LAB8 58615 CD 247,000.00 247,000.00 247,000.00 2.000% 245,893.44 semi-annual 09/24/14 03/24/15 09/24/19 BMO Harris Bk Nall Assoc 05581WA70 16571 CD 245,000.00 245,000.00 245,000.00 2.450% 244,696.20 semi-annual 08/31/18 09/01/18 10101119 _ CommeroeWest Bank N/A 20084TKXO 57176 CD 245,000.00 245,000.00 245,000.00 2.300% 244,311.55 semi-annual 04/25/18 10/25/18 10125/19 Umpqua Bk Roseburg Ore 90421MBZ5 17266 CD 245,000.00 245,000.00 245,000.00 2.350% 244,397.30 semi-annual 04/27/18 10/27/18 10128/19 Third Federal Sav & Loan 884136AW8 30012 CD 126,000.00 128,000.00 128,000.00 2.0007/6 127,325.44 semi-annual 11124/14 05/24/15 11/25/19 1Year CD -Premier Bank 1091003210 21714 CD 245,000.00 245,000.00 245,000.00 2.500% 245,000.00 maturity 12/16/18 none 12/16/19 1 Year CD - Premier Bank Rochester 2055214401 33202 CD 245,000.00 245,000.00 245,000.00 2.500% 245,000.00 maturity 12/16118 none 12/16/19 1 Year CD - Premier Bank MN 3041574901 33204 CD 245,000.00 245,000.00 275,000.00 245,000.00 275,000.00 2.500% 245,000.00 maturity 12/16/18 none 12/16/19 1 Year CD - Premier Bank Celtic Bank 1091003211 15118RJMO 57056 CD CD 275,000.00 247,000.00 2.500% 275,000.00 maturity 12/17/18 none 12/17/19 12/20/19 247,000.00 247,000.00 2.050% 245,881.09 semi-annual 12/20113 06/20/14 Steams Bank NA 857894PB9 10988 CD 247,000.00 247,000.00 247,000.00 1.000% 245,508.12 semi-annual 12/26/14 06/26115 12/26/19 Elbow Lake MN 284281KC5 A local 170,045.70 170,045.70 165,000.00 2.750% 163,957.20 semi-annual 12/08114 none 12/01/19 Oneida County NY 6824543R2 Al local 22,877.60 22,877.60 20,000.00 6.250% 20,198.20 semi-annual 08/16/10 none 04/15/19 Farmington MN 311297W84 AA local 102,787.00 102,787.00 100,000.00 2.000% 100,024.00 semi-annual 07/06116 none 02/01/19 Rice Cnty MN 762698GK8 AA local 45,466.80 45,466.80 40,000.00 4.400% 40,042.40 semi-annual 03/07112 none 02101119 Ramsey MN 751813PB6 AA, local 158,677.85 158,677.85 145,000.00 4.500% 145,187.05 semi-annual 02/16112 04/01116 04/01/19 Orange Beach ALA 68406PHFI AA1 local 241,689.60 241,689.60 240,000.00 4.400% 240,273.60 semi-annual 08/05/10 02/01111 02/01119 8,729,967.21 CD Description Cusip Number Credit Rating/F DIC # Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Market Value _�T Interest Paid Date Acquired Coupon Date Maturity I Due Date Cedar Rapids IA Multnomah Cnty OR Sch Dist 1,1 _ Minneapolis MN Sioux City Waterloo Western Lake Superior MN Minnetonka MN ISD#276 Palm Beach Cnty_FLA Tenn Val Auth Cpn Strip Zero Cpn Norwalk Conn Greensboro NC Colorado St Hsg_8 Fin Auth Fed Farm Credit Bank Fed Fame Credit Bank Fed Nall Mlg Assn Fed Farm Credit Bank Fed Farm Credit Bank Fed Farm Credit Bank Fed Home Ln Bank _ Fed Natl Mtg Assn Fed Home Ln Mtg Corp Fed Nat Mtg Assn Fed Home Ln Mtg Corp Fed Home Ln Mtg Corp Med Tenn Note Fed Home Ln Bank Fed Farm Credit Bank Fed Fame Credit Bank Fed Home Ln Bank RFCSP Strip Principal Zero Coupon Fed Nall Mtg Assn Fed Farm Credit Bank Fed Home Ln Mtg Corp Zero Cpn Fed Farm Credit Bank FICO Strip Cpn Zero Coupon Compass Bk _ _ _ _ Kearny Bank Jefferson Bk_B Tr Co CitiBankNA Discover Bk Greenwood Del Iberia Bank _ Bank of America, NA 150528RM1 AA1 AA1 AA1 AA2 AA2 AA2 AAA AAA AAA AAA AAA AA2 AAA AAA _ AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA_ AAA_ AAA AAA _ AAA AAA_ -AAA AAA _ 19048 28765 _ _ 1071 7213_ 5649 local local local local local local local local local local local state US 217,672.00 250,000.00 217,672.00 250,000.00 278,632.50 156,100.50 50,559.50 100,000.00 37,43320 87,444.75 262,890.00 122,464.80 366,832.80 84,864.00 249,870.00 199,711.60 199,300.00 99,587.00 200,000.00 250,000.00 3.000% 1.450% 3.500% 2.000% 2.000% 3.150% 3.100% 5.898% 4.050% 3.263% 1.875% 1.350% 1.250% 1.080% 1.250% 1.700% 1.270% 1.500% 1.375% 1.125% 1.250% 1.250% 1.050% 2.000% 1.160% 1.550% 1.125% 1.350% 1.300% 200,248.00 248,617.50 251,560.00 154,469.90 49,857.50 100,283.00 35.009.10 75,567.00 296,340.00 semi-annual semi-annual semi-annual semi-annual 06/11/13 08/10/17 02/26/13 12/22/16 12/01/13 06/01/19 625517JMO 12/15/17 06/15/19 60374YSBI 829458FC7 941647PAI 958522WU4 604195RA7 696497TR7 278,632.50 250,000.00 none none 12/01/19 156,100.50 50,559.50 100,000.00 37,433.20 155,000.00 06/01/19 50,000.00 100,000.00 35,000.00 75,000.00 semi-annual 06/27/13 12/01/13 06/01119 semi-annual _semi-annual semi-annual maturity semi-annual semi-annual 08/16/11 04/01112 10/01119 12/22/11 07/06/11 12/27/13 08/04/10 none 02/01/19 87,444.75 none none 06/01/19 06/15/19 88059EWZ3 668844DS9 395460V21 262,890.00 122,464.80 366,832.80 300,000.00 120,000.00 360,000.00 120,122.40 08/01/11 08/01/19 361,368.00 84,756.90 249,970.00 199,908.00 07/15/11 none 10/01/19 196479A82 84,864.00 85,000.00 semi-annual 01/26/18 none 05/01/19 3133EHQF3 3133EG3X1 3136GOY70 3133EC5NO 249,870.00 250,000.00 semi-annual 07/07/17 01/07/18 01/07119 US 199,711.60 199,300.00 200,000.00 semi-annual 06/16/17 07/17/17 01/17/19 US US 200,000.00 100,000.00 250,000.00 199,788.00 99,803.00 249,685.00 199,596.00 249,560.00 199,560.00 298,881.00 298,761.00 semi-annual semi-annual semi-annual 10/30/12 01/07/13 07/07/17 06/16/17 07/07/17 06/22/17 12/14/17 07/19/17 07/07/17 08123/16 12/07/17 12/08/17 01/04/18 04/10/16 01/30/13 03/04/13 03/04/15 09/06/17 09/08/12 none 01/30/19 03/04/19 03/04/19 03/06119 03/08119 03/13/19 04/15/19 99,587.00 3133EDTU6 US 251,285.00 251,285.00 199,654.80 250,470.00 200,000.00 297,417.00 299,700.00 249,035.00 200,000.00 301,065.00 297,300.00 248,227.50 294,603.00 185,568.00 98,570.00 199,600.00 950,527.00 3133EHLZ4 3133782M2 US 199,654.80 250,470.00 200,000.00 250,000.00 semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual quarterly semi-annual semi-annual semi-annual semi-annual maturity semi-annual semi-annual maturity US US 3136131FYO 313_7EADZ9 3135GOK28 3137EADK2 3134G96U6 313383VNB 3133EGVJI 200,000.00 200,000.00 US 297,417.00 300,000.00 10/15/16 US 299,700.00 249,035.00 200,000.00 301,065.00 297,300.00 248,227.50 294,603.00 300,000.00 250,000.00 200,000.00 10/26116 04/26/19 08/01/19 08/23/19 US US US US 247,920.00 197,872.00 298,641.00 296,784.00 247,847.50 296,340.00 02/01/13 11/23/16 none 300,000.00 300,000.00 250,000.00 300,000.00 09/13/19 none 09/26/19 3130ACLSI 313OA8NRO 76116FAA5 US 04/11/18 10/11/19 US Us 10/11/16 10/11/19 185,568.00 98,570.00 200,000.00 100,000.00 195,862.00 07/22/15 02/09/18 none 10/15/19 3135GOJ95 3133EGBKO 31340OBV4 US 98,953.00 10/28/16 10/28/19 US 199,600.00 950,527.00 200,000.00 1,000,000.00 197,508.00 974,830.00 05/25/16 11/02/15 11/03/17 04/17/15 11/25/16 11/25/19 US none 11/29/19 3133EGFR1 US 223,031.25 94,480.00 - 245,000.00 223,031.25 94,480.00 245,000.00 245,000.00 245,000.00 245,000.00 245,000.00 225,000.00 1.330% - 2.650% 2.750% 2.450% 2.550% 222,000.75 semi-annual maturity none 12/16/19 31358BAA6 20451 PVJ2 US 100,000.00 -- 99,795.00 17,037,714.21 244,779.50 none 02/01/19 CD CD 245,000.00 semi-annual 10111118 04/11/19 01/13120 48714LAS8 245,000.00 245,000.00 245,000.00 245,000.00 245,014.70 243.863.20 semi-annual 12/21/18 04/11/18 06/21/19 10/11/18 01/21/20 04/10/20 472376AD4 CD 245,000.00 245,000.00 semi-annual 17312QJ34 CD CD 244,162.10 semi-annual 04/11/18 10/11/18 04/13/20 254673NR3 245,000.00 245,000.00 2.500% 2.600% 2.850% 244,007.75 244,323.80 244,909.35 semi-annual 04/11/18 10/11/18 04/13/20 45083AJ1.7 28100 CD 245,000.00 245,000.00 245,000.00 semi-annual 07/12/18 01/11/19 04113/20 06051VD37 3510 CD 245,000.00 245,000.00 245,000.00 semi-annual 12/12/18 06/12/19 06/12/20 2,603,124.85 local 84,756.90 state 5,619,865.25 US Less Than 1 Year Description NumbeumiCusber Credit Rating/F DIC # Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Market Value Date Acquired Coupon Date Maturity l Due Date Citizens Alliance Bank Morgan Stanley Bank NA Morgan Stanley Private Bank MUFG Union Bank NA _ Enerbank USA NBT Bank Norwich First Republic Bank Merchants State Bank _ _ _ Wax Bk Cit Bank Nag Assn First Source Bank Kaufman TX _ Steams Co MIN Hampton VA Middleton WI Bristol VA Des Moines IA Area Cmnty Col Minneapolis MN Portsmouth VA Ashwaubenon WI Sch Dist Brunswick Cnty Fon Du Lac Cnty WI Adams 8 Arapahoe Cntys CO Alexandria MN ISD#206 Bangor ME Moorhead MN Whitewater Wis West Bend Wl _ W Palm Beach Ft. Mounds View MN ISD #621 Rothsay MN ISD #850 _ _ Saint Paul MN Port Auth Woodbury MN Dallas TX Indpt Sch Dist Saint Paul MN Pon Auth _ _ Tenn Valley Auth Zero Cpn Salt Lake County UT Tenn Val Auth Cpn Strip Zero Cpn _ McAllen TX Dev Corp _ Indianapolis Ind Mounds View MN ISD #621 Rochester MN 17318LAP9 61747M302 61760AMT3 624786CY3 29266NA31 628779FT2 33616CBL3 589227AF4 92937CHY7 1402 32992 34221 _ 22826 57293 7230 59017 1125 _ 34697 58978 9087 A3 AA+ AA1 AA1 AA1 AA1 AA1 AA2 AA2 AA2 AA2 AA2 AA2 AA2 AA3 AA3 AA3 AA3 AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA CD 249,000.00 245,000.00 245,000.00 245,000.00 249,000.00 245,000.00 245,000.00 245,000.00 249,000.00 245,000.00 245,000.00 245,000.00 245,000.00 249,000.00 245,000.00 245,000.00 245,000.00 2.000% 2.750% 2.750% 2.600% 2.100% 2.700% 2.800% 2.650% 3.000% 3.000% 3.150% 3.000% 4.500% 2.209% 3.750% 3.002% 2.450% 4.700% 2.400% 1.890% 1.740% 3.250% 3.930% 3.000% 2.850% 3.800% 4.850% 1.900% 2.264% 1.900% 3.000% 2.000% 3.250% 4.450% 2.000% 1.800% 1.400% 2.219°k 2.050% 3.750% 246,676.83 244,436.50 244,434.05 243,865.65 245,934.81 244,220.90 244,416.90 244,022.45 245,044.10 244,779.50 244,720.70 59,454.00 250,357.50 99,348.00 monthly 06/27/14 07/27/14 06/26/20 CD CD CD CD semi-annual semi-annual semi-annual monthly 07/12/18 01/12/19 07/13/20 07/12/18 07/17/18 07/18/14 07/14/18 07/13/20 01/17/19 07/17/20 249,000.00 249,000.00 08/18/14 07/20/20 CD 245,000.00 245,000.00 245,000.00 245,000.00 245,000.00 245,000.00 245,000.00 semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual 07/18/18 01/18/19 07/20/20 CD CD CD 08/31/18 08/31/18 10/10/18 12/17/18 12/17/18 06/28/16 04/17/13 09/01/18 08/28/20 08/28/20 02/28/19 245,000.00 04/10/19 10/13/20 12/17/20 11/17/21 02/15/23 06/01/20 04/01/20 09/01/10 10/01/20 06/01/21 12556LAT3 33646CKP8 _486206KR5 857896MH4 CD 245,000.00 245,000.00 245,000.00 61,821.00 276,875.00 100,836.00 106,979.00 251,562.50 50,606.00 110,419.00 286,268.00 197,460.00 108,967.10 259,715.00 117,817.50 279,760.50 235,428.00 108,820.00 245,000.00 245,000.00 06/17/19 CD _local local local local local local local local local local local kcal local local local local local local 245,000.00 06/17/19 61,821.00 276,875.00 60,000.00 02/15/17 250,000.00 semi-annual none 4095582J1 596782RX2 110331NT8 100,836.00 100,000.00 100,000.00 semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual semi-annual 01/20/16 none 106,979.00 251,562.50 100,096.00 251,430.00 49,697.00 100,365.00 293,752.15 197,584.00 107,861.60 251,082.50 117,083.80 270,650.70 239,169.60 100,915.00 02/24/15 07/05/18 11/10/14 10/31/11 07/17/13 12/18/18 08/21/15 03/10/17 07/12/18 01/21/15 11/21/18 11/14/11 06/09/11 01/11/18 07/05/16 05/16/18 07/06/16 none 250,000.00 none 2500971-121 60374YG68 _73723RSL8 045153FQI 117061VH1 344442KK3 005482W83 015131LQ6 0600954R4 6161412R7 966204KA6 951428BNO 955116BE7 _62063_7V70_ 7787314Z2 50,606.00 50,000.00 12/01/14 none 02/01/14 04/01/19 none none none none none 110,419.00 286,268.00 197,460.00 108,967.10 259,715.00 117,817.50 279,760.50 235,428.00 108,820.00 100,000.00 295,000.00 200,000.00 03/01/23 02/01120 04/01/20 05/01/20 03/01/21 12/01/21 02/01/23 11/01/23 110,000.00 250,000.00 115,000.00 270,000.00 240,000.00 100,000.00 none 02/01/20 109,541.00 97,805.00 101,245.00 109,541.00 97,805.00 101,245.00 100,000.00 100,000.00 103,871.00 none 12/01/20 97,284.00 none 04/01/22 100,000.00 96,038.00 semi-annual semi-annual semi-annual 10/01/16 10/01/22 local local local 246,875.00 246,875.00 208,640.25 201,806.00 123,037.35 116,900.00 79,756.80 263,970.00 368,212.50 88,133.00 175,000.00 251,507.50 378,408.80 250,000.00 247,572.50 none 02/01/20 208,640.25 201,806.00 195,000.00 197,611.05 none 02/01/20 793028WS6 200,000.00 197,934.00 semi-annual 12/22/16 08/01/17 02/01/20 97913PCQ7 23530861<2 local local 123,037.35 115,000.00 115,143.75 semi-annual 12/22/11 none 02/01/20 116,900.00 100,000.00 80,000.00 300,000.00 375,000.00 101,722.00 79,030.40 289,071.00 369,91125 95,741.00 171,141.25 247,885.00 379,790.95 semi-annual 04/16/12 08/15/11 02/15/20 793067CC1 local local local local local local local local local 79,756.80 semi-annual 01/10/17 09/01/17 03/01/20 88059EHD9 263,970.00 368,212.50 88,133.00 175,000.00 251,507.50 maturity 03/11/13 none 06/15/13 05/01/20 06/15/20 795676QL2 88059EMX9 semi-annual 05/18/18 100,000.00 17_5,000.00 250,000.00 maturity 03/18/13 none 07/15/20 579086AW9 semi-annual 07/26/16 02/15/17 08/15/20 45528UGF2 _ semi-annual 07/11/17 07/15/13 01/15/21 620637V88 771588RH5 378,408.80 385,000.00 semi-annual 12/20/18 none 02/01/21 254,532.50 254,532.50 250,000.00 253,695.00 25,090.50 semi-annual 12/19/18 none 02/01/21 Greenway MN ISD #31 39678LDF6 27,593.50 27,593.50 25,000.00 5.000% semi-annual 07/09/13 none 03/15/21 -., M3,612.79 CD Description Cusip Number Credit Ratinglf DIC # Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Market Value Interest Paid Date Acquired Coupon Date Maturity/ Due Date Baltimore Cnty MD _ 05914FME7 64988RHGO AAA AAA local 51,290.00 51,290.00 50,000.00 2.097% 49,331.00 semi-annual semi-annual 08/31/16 none 08/01/21 New Ycrk St Mtge Agy local 100,000.00 100,000.00 100,000.00 2.375% 97,934.00 10/27/15 04/01/16 10/01/21 _ Columbus OH OutagamieCntyWl Connecticut State 199492CS6 AAA local 39,956.40 39,956.40 170,000.00 40,000.00 2.133% 39,185.20 semi-annual 02/20/15 none 12/01/21 689900898 AAA local 170,000.00 170,000.00 2.350% 167,737.30 semi-annual 11/07/17 05/01/18 11/01/22 20772JQN5 Al AAl state 214,954.00 214,954.00 200,000.00 3.517% 202,698.00 semi-annual 05/27/16 02115/14 08/15/21 Massachusetts State _ 57582P2T6 92419RAE2 34074GDH4 state 199,744.00 199,744.00 74,130.75 279,439.80 100,000.00 200,000.00 2.090% 198,322.00 semi-annual 12117/14 11/01/14 05101/20 Vermont State Hsg Fin Ally Florida St Hurricane _ Minnesota St Colleges 6 Univ AA2 state 74,130.75 75,000.00 2.550% 74,459.25 semi-annual 08/28/18 05/01/18 11/01/21 AA3 state 279,439.80 270,000.00 100,000.00 2.995% 2.000% 270,353.70 semi-annual 11/10/15 07/01/13 10/01/15 07/01/20 60414FPJ3 AA3 state 100,000.00 98,624.00 semi-annual 02/26/15 10/01/20 Florida St Dept Environmental 34160WUAO _ AA3 state 217,800.00 217,800.00 200,000.00 6.206% 203,364.00 semi-annual 08/30/10 07/01/10 07/01/22 Tennessee State Virginia State Kentucky St Hsg Corp Georgia State Fed Home Ln Bank _ 880541 QQ3 928109XD4 49130TSHO 373384206 AAA state 48,218.85 48,218.85 45,000.00 3.178% 4.100% 45,405.00 semi-annual 08/30/16 02101/12 08/01/20 AAA state 22,126.00 22,126.00 203,458.00 20,000.00 20,136.80 semi-annual 02/07/12 none 06/01/21 AAA state 203,458.00 200,000.00 2.780% 198,246.00 semi-annual 03/29117 none 07/01/21 AAA state 204,444.00 204,444.00 200,000.00 2.780% 200,178.00 semi-annual 12113/16 none 02/01/23 313381ND3 AAA US 147,300.00 147,300.00 150,000.00 1.450% 148,281.00 semi-annual 03123/18 none 01/09/20 Fed Home Ln Mtg Corp 3137EAEE5 AAA US 297,912.00 297,912.00 300,000.00 1.500% 296,634.00 semi-annual 12/07/17 07/17/17 01/17/20 Fed Home Ln Bank 313OA3XL3 AAA US 99,500.00 99,500.00 100,000.00 1.500% 98,780.00 semi-annual 07/22/15 08/10/15 02/10/20 Fed Home Ln Mtg Corp Med Tenn Note _ 3134139141.8 AAA US 294,390.00 294,390.00 300,000.00 1.3009/6 295,212.00 semi-annual 12/10/18 none 03/16/20 Fed Home Ln Bank 3130AECJ7 AAA US 300,114.00 300,114.00 300,000.00 2.625% 300,432.00 semi-annual 07/12/18 11/28/18 05/28/20 Fed Home Ln Mtg Corp Med Term Note 3134GBS78 AAA US 200,000.00 200,000.00 200,000.00 1.500% 197,658.00 semi-annual 10127/17 04/27/18 10/27/20 Fed Farm Credit Bank _ Fed Home Ln Mtg Corp Fed Farm Credit Bank Fed Natl Mtg Assn Fed Home Ln Bank Fed Home Ln Bank 3133EJMX4 3137EAEK1_ 3133EJPW3 3136G4JM6 3130ADG48 3130ADME9 AAA_ AAA US 299,475.00 299,475.00 299,193.00 299,769.00 200,000.00 296,718.75 250,000.00 2.680% 300,000.00 semi-annual 07/12/18 11/02/18 11/02/20 11/17/20 US 299,193.00 300,000.00 300,000.00 200,000.00 1.875% 2.700% 1.850% 296,265.00 semi-annual semi-annual semi-annual semi-annual 12/07/17 05/17/18 AAA AAA AAA AAA US US US 299,769.00 200,000.00 300,651.00 197,254.00 05/21/18 12/28/16 07/10/18 06/21/18 12/21/20 06/28/17 07/29/18 12/28/20 01/29/21 02/08/21 296,718.75 297,516.00 300,000.00 2.250% 2.375% 298,128.00 US 297,516.00 300,000.00 298,956.00 semi-annual 07/12/18 08/08/18 Fed Home Ln Mtg Corp Med Term Note 3134GBKU2 AAA US 246,407.50 246,407.50 250,000.00 1.250% 247,695.00 semi-annual 12/04/18 02/26/19 02/26/21 Fed Farts Credit Bank 3133EHCN1 3134GBP89 _AAA AAA US 295,215.00 295,215.00 300,000.00 2.140% 296,820.00 semi-annual 07/10/18 09/16/17 03/16/21 04/26121 Fed Home Ln Mtg Corp Med Term Note US 292,425.00 292,425.00 300,000.00 1.850% 295,320.00 semi-annual 08/07/18 04/26/18 Fed Farm Credit Bank 3133EGAH8 AAA US 288,960.00 288,960.00 300,000.00 1.550% 293,010.00 semi-annual 10/10/18 11/17/16 05/17/21 Fed Home Ln Bank 313OA7Z73 AAA US 153,217.50 153,217.50 155,000.00 1.250% 1.000% 152,887.35 297,759.00 semi-annual semi-annual 12/18/18 07/17/18 11/25/16 none 05/25/21 05/25/21 Fed Home Ln Bank _ 313OA8288 AAA US 294,030.00 294,030.00 300,000.00 Fed Nall Mtg Assn 3135GOU35 _ AAA US 300,249.00 300,249.00 300,000.00 2.750% 301,683.00 semi-annual 07/12/18 12/22/18 06/22/21 Fed Farm Credit Bank 3133EJUN7 AAA US 300,000.00 300,000.00 300,000.00 2.860% 300,012.00 semi-annual 07/16/18 01/16/19 07/16/21 Fed Home Ln Bank 313OA8SR5 AAA US 244,531.25 244,531.25 250,000.00 300,000.00 1.000% 246,667.50 semi-annual 07/10/18 none 07/27/21 Fed Farm Credit Bank 3133EJPD5 3134GAWP5 AAA US 299,700.00 299,700.00 2.870% 300,006.00 semi-annual 07/12/18 11/15/18 11/15/21 Fed Home Ln Mllq Corp Med Term Note _ AAA US 245,875.00 245,875.00 250,000.00 1.900% 247,192.50 semi-annual 12/04/18 02/23/16 11/23/21 Fed Home Ln Mtg Corp Med Term Note 3134GSPB5 _AAA US 300,000.00 300,000.00 300,000.00 2.500% 300,111.00 semi-annual 07/02/18 12/28/18 06/28/22 18,134,380.89 Itasca County Minn 465452GP9 A local 105,024.00 105,024.00 100,000.00 5.550% 100,145.00 semi-annual 07/12/11 none 02/01/28 Chaska MN 1616636S3 AA local 94,191.30 94,191.30 90,000.00 4.000% 91,209.60 semi-annual 09/08/14 none 02/01/24 Mitchell SD Sch Dist#17-2 606687EHO AA local 116,702.00 116,702.00 100,000.00 6.000% 101,485.00 semi-annual 12/20/11 06/15/19 06/15/24 6,307,414.35 US 1- 5 Years Description Cusip Number Credit Rating/F DIC # Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Market Value Date Acquired Coupon Date Maturity/ Due Date Minneapolis MN _ Ann Arbor Ml _ Milwaukee Cnty WI _ Duluth MN _ Will County It. Cmnty Zero Coupon Hawkins Cnty TN Savage Minn Lake City Minn ISD #813 _ Tennessee Valley Auth Ser E Milaca Minn ISD #912 Ice Deposit- National Sports Center Fed Home Ln Bank Fed Farm Credit Bank — Van Buren Mich Public Schools 60374YG76 035438CF5 AA1 AA1 AA2 AA2 AA2 AA3 AAA AAA AAA AAA AAA _ AAA AA1 local 72,201.35 262,025.00 72,201.35 262,025.00 254,142.50 29,767.20 159,000.00 111,480.00 198,018.00 103,933.00 121,500.00 106,941.00 250,000.00 39,000.00 106,030.45 102,750.00 65,000.00 4.800% 5.750% 5.100% 2.625% 4.800% 4.800% 5.000% 6.750% 5.650% 2.100% 5.250% 6.430% 65,245.70 252,565.00 semi-annual 12/09/14 12/27/17 12/24/18 12/05/12 08/25/09 03/13/12 06117110 05/11/11 03/19/09 07/22/11 none 03/01/24 05/01/27 10/01/24 local local local local local local local local kcal 250,000.00 250,000.00 30,000.00 semi-annual semi-annual semi-annual maturity semi-annual semi-annual semi-annual semi-annual semi-annual maturity semi-annual semi-annual 05101/19 602245XH0 264438ZL9 969078QM9 420218PL7 80465PAN4 508084DW7 880591CJ9 598699NT9 none 3130A8W33 31331 VLC8 254,142.50 29,767.20 254,125.00 29,067.00 350,165.00 100,625.00 203,518.00 101,845.00 122,947.00 100,222.00 250,000.00 37,709.60 117,682.00 2,276,555.90 101,317.00 101,317.00 10/01/19 08/01/13 02/01/25 159,000.00 111,480.00 198,018.00 103,933.00 500,000.00 100,000.00 200,000.00 100,000.00 100,000.00 none 11/01/27 none 02/01/11 none none 05101/24 02/01/24 02/01/25 11/01/25 02/01/27 01/01/26 121,500.00 106,941.00 250,000.00 39,000.00 106,030.45 100,000.00 none local _US US 250,000.00 40,000.00 100,000.00 02/06/08 07/27/17 02/26/10 none 08/22/17 none 08/22/25 04/21/28 07/17/09 920729HD5 local 100,000.00 semi-annual 102,750.00 11/01/09 05/01/29 37,551,968.00 2,123,164.30 local 155,391.60 US 6 -10 Years 101,317.00 local 10+ Years INVESTMENT SCHEDULE - Money Market Funds December 31, 2018 Description Current Market Value YTD Interest Wells Far o I Wells Fargo Government Money Market Fund 1 -$3,504,281.851 $27,021.73 4M I 14M 1,019,855.021__15,257.19 4M PLUS 7 14M Plus 1 8,490.80 1,456.76 4M PLUS - CIP Bonds 4M Plus - CIP Bonds 1 10,054,780.651 3,095.65 Premier Bank 1 jPrerrier Bank Money Market 0.001 631.12 Grand Total Money Market Funds 1 $14,587,408.32 X47,462.45 Updated: 111512019