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HomeMy WebLinkAboutWK - May 28, 2019ANAWVA� 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV City Council Workshop Tuesday, May 28, 2019 Council Chambers 1. Call to Order— 6:00 p.m. 2. Code Amendment Discussions A. Side Yard Setbacks for Single Family -Urban R4 - Planning B. Front Yard Setbacks For Swimming Pools — Rural RI - Building 3, 2020-2024 CIP Discussion A. Discuss Street Reconstruction — Engineering B. Discuss Potential New Trail Projects — Engineering 4. 2020 Budget Development Discussion —Administration 5. 2019 Budget Progress Reports —Administration 6. 2019 City Investments Review—Administration 7. Other Business 8. Adjournment 1 C IT l O 1 ND 60VE 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: Mayor and Councilmembers CC: Jim Dickinson, City Administrator FROM: Joe Janish, Community SUBJECT: Discussion: Side Yard Setbacks Single Family -Urban R4 DATE: May 28, 2019 BACKGROUND After a recent variance approval by the City Council, staff was directed to bring this item forward to a work session for further discussion. The current ordinance language allows for a home to be 10 feet from an interior lot line while the garage is allowed to be 6 feet from the interior lot line in the Single Family -Urban (R4) zoning district. Based on definitions and required setbacks any living portion (principal structure) of a home has a side yard setback of 10 feet. This includes a "bonus room" which is livable space above a garage. The garage (considered accessory even if attached by definition) is allowed to be 6 feet from the property line. In the recent variance request the applicant desired to build above his existing garage to provide for additional living space 6 feet from the property line. Staff surveyed several of the surrounding communities (Anoka, Blaine, Coon Rapids, Ramsey, Oak Grove) for review by the City Council this evening. Of the communities surveyed Anoka, Coon Rapids, and Ramsey have different side yard setbacks depending on the garage side vs. the living side. Front Yard side Yard Omer Lot Rear Yard Min Lot Lot Width Lot width Omer Lot Frontage Min Depth ,;_Mdover R4 35 10/6 35 30 11,400 80 100 50 130 Anoka* Blaine Coon Rapids- 1i R -]AA iR-1A 30 30 35 10 10 10 20 20 25 30 30 30 10,000 10,800 12,150 80 8o 90 90 100 60 60 125 125 135 Anoka* Coon Rapids- Oak Grove R1 LDR-1 1DR_2 IC --3 2-1 25 40 35 30 30 10/5 15/10 10/5 10 10/6 25 20 20 20 30 25 so 35 10 30 10,000 15,000 10,800 10,000 10,800 75 100 80 80 85 110 90 90 50 60 120 150 135 50 'living space vs. attached garage ^habitable vs uninhabitable K Talking with staff at the communities that allow for a smaller setback for the side of the home that has a garage, they have indicated the purpose may be for privacy, sound, and potentially reduce the impacts to drainage and utility easements. Anoka indicated they would enforce their ordinance similar to ours; however, they did note some developments that do have living space above the garages. Coon Rapids indicated they would also enforce their ordinance similar to how we are currently. Ramsey has not yet responded to the three inquires about the differences. HISTORY During the Summer of 1986 the Planning and Zoning Commission and City Council had discussions related to lot sizes, setbacks and house sizes. Concerns where related to "running out of land", too small of homes, and too small lots. On December 16`h, 1986 The Andover City Council changed the setback for a "Residential Garage or Carport from interior lot line" from 10 feet to "Residential garage or carport over 20 feet wide, from interior lot line or to save trees" to 6 feet; with the adoption of Ordinance No. 8NN. Review of the minutes during that time indicate the concerns included obtaining larger homes on 80 lots, due to the change in house plans and desires of the builders and future residents. Potential "Benefits" if Code is Changed • Larger homes (more square footage) could be constructed on the current sized lots. • Homeowners may add onto their home above the garage. • Residents may consider additions to their homes over moving. Potential "Negatives" if Code is Changed • The addition above a garage may change the character of the neighborhood. • A 6 foot side yard setback with living space (principal structure) could impact the drainage and utility easement area (typically 5 feet). o For Example: Basement egress windows in a full basement are required to be a minimum of 3 feet by 3 feet in size. This would equal to a 2 foot encroachment into the drainage and utility easement. o City Code 12-4-3 (attached) allows for several encroachments into setbacks. These encroachments could encroach into the drainage and utility easement. • Reduction in privacy as living spaces (principal structures) could be closer together. Allowing for living space to be at 6 feet means neighbors living spaces could be 12 feet apart vs. 20 feet apart. • Reducing the distance between living spaces could cause individuals to hear more noise from house to house. • Additional costs to construction. Building code has additional requirements as homes are moved closer to property lines. o For Example: Additional fire protections are required as a home gets closer to a property line. DISCUSSION After the approved variance request, City Council desired to review this item to discuss if a change is desired at this time. ACTION REQUIRED Staff recommends the City Council provide direction if a desire exists to allow for the principal structure to be located 6 feet from the property line on the garage side of a home for all of the properties in the R-4 Single Family -Urban zoning district. Resp ct lly lt ub itted, Joe anish Community Development Director Attachments November 18, 1986 City Council Minutes December 2, 1986 City Council Minutes December 16, 1986 City Council Minutes Ordinance 8NN Page .4 7 9 CITY of ANDOVER REGULAR CITY COUNCIL MEETING - NOVEMBER 18, 1986 MINUTES 14 The Regular Bi -Monthly Meeting of the Andover City Council was called to order by Mayor Jerry Windschitl on November 18, 1986, 7:30 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Councilmen present: Elling, Knight, Lachinski, Orttel Councilmen absent: None Also present: City Attorney, William G. Hawkins; Planning and Zoning Commissioner, Maynard Apel; City Engineering Technician, Todd Haas; City Administrator, James Schrantz; and others Itsuggested the following items be added to the Agenda: Item 4e, Elementary School te; 4f, Hanson Boulevard Right -Of -Way; and 4g, Interest on Special Assessmen MOTION by Ort Seconded by Lachinski, that we approve the Agenda as amended. Motion carried un imously. DONNA GREEN LOT SPLIT Commissioner Apel reviewed eir recommendation to approve the Lot Split request of Donna Green on Bunker Lake ulevard. Council questioned how the split affects the proposed preliminary at once approved for that property.' Donna Green - stated she is selling t 3.2 acres as shown on the proposed plat. eso owns the 15 remaining acres. T small lot on the other side of the creek has always had a separate PIN number is not apart of this request. Council determined because no new lots were crea d but it is a matter of shifting lot lines, that no park dedication fees ar due. Also, certificates of survey will be needed for both lots. MOTION by Knight, Seconded by Elling, introducing a resolu n approving a lot sp it as requested by Donna Green for the property known as 2 Bunker Lake Boulevard as presented, but strike the paragraph, "BE IT FURTHER SOLVED that approval is contingent upon the payment of park dedication fees."; and subjec to receipt of certificate of survey with the legal descriptions. (See Resolution 96-86) Motion carried unanimously. ORDINANCE 8, SECTION 6.02 AMENDMENT Mayor Windschitl suggested the setbacks required in the surrounding cities be researched to determine whether Andover's setbacks are comparable. Canmissioner Apel noted the only changes to the ordinance were to change the rear yard setbacks for LB from 30 to 40 to be in line with the setbacks in the other districts, and to place an asterisk by each setback to be sure it is referenced to Ordinance 8, Section 4.14. MOTION by Knight, Seconded by Elling, an amendment amending Ordinance 8, known as tie ming Ordinance of the City of Andover, as presented. Motion carried unanimously. 5 Regular City Counci, Meeting December 2, 1986 - Minutes Page 2 Because a developers were not present, it was agreed to table these Items. MOTION by Knight, conded by Orttel, to table the items until the developers are In at dance. Motion carried unanimously. Chairman Jacobson noted the owner not in attendance at the hearing, but the Planning Commission r ommended approval of the rezoning. MOTION by Knight, Seconded by Lachinski, Ordin>Zon an Ordinance amending Ordinance No. 8, known as thOrdinance of the City of Andover as presented (Lot 5, Watt'res from General Industrial to R-4, Residential Single FMo carried unanimously. iu_.i_lY__I__ Chairman Jacobson reported no one attended the public hearing on the proposed amendment to Section 6.02 to reduce the sideyard setback in the R-4 zone to 5 feet. The Planning Commission strongly felt that the setback should not be decreased. They are recommending instead If Increased width is needed to build larger houses or three -car garages, that the lot width be Increased to 85 feet. The Commission discussed the desire for larger houses and/or three -car garages and did not have a problem with that. But they did not feel the additional cost of an 85 -foot lot would deter such construction. Chairman Jacobson stated the Commissioners had very definite feelings opposing the reduce sldeyard setback. Many did not like the aesthetics of houses placed closer together, and they were also concerned that the 5 -foot setback would become the norm rather than only for the larger houses. They also felt that people move to Andover for the space and amenities It has, and they did not want to compromise that with this proposed change. Mayor Wlndschltl argued most of the other cities around allow the 5 -foot setback. He also felt It is to the City's benefit to encourage the construction of the larger houses and three -car garages because of the additional tax revenue it brings to the City. If a larger house is desired on a lot of record, there is no way of fitting it on the lot unless the sldeyard setback is reduced. Councilman Knight stated in viewing developments where the 5 -foot setback Is allowed, he is Inclined to feel the 5 -foot setback is not enough. He preferred the Planning Commission's proposal of the 85 -foot lot width. I Regular City Council Meeting December 2, 1986 - Minutes Page 4 (Transient Merchant Ordinance, Continued) Council agreed to change Section 1, Definitions, Item 3), sixth line, to: "...provided, however, that such definition shall also Include any person who occupies any temporary structure, vehicle or other place..." Another change agreed to was Section 3, Exclusions, Item A): "Occupations licensed and/or bonded pursuant to state law." Discussion was then on Section 4, Religious and Charitable Organizations. There was some concern about the application of this ordinance to sales for various fundraisers by school children In neighborhoods, suggesting they be exempted from the ordinance. At this time the Council was introduced to members of the Boy Scouts Troop 601 that were attending the meeting. Discussion then returned to the proposed Transient Merchant Ordinance. A suggestion was to Insert language which would exempt local educational institutions from the ordinance. It was agreed to table the item to the next regular meeting, at which time each Councilman will note his suggestions on the ordinance. MOTION by Orttel, Seconded by Lachinski, to table the item for two weeks. Motion carried unanlamously. Counct n Knight was concerned that the City plan for the future growth In 1ving the areas of police and fire service, city services, commercial elopment, and sewer and water services, though he felt the discussion t the last special meeting generally covered the area of sewer and wate ervices. He suggested each Councilman take an area of concern, res rah and analyze It, and make recommendations to the Council. After some discussion, it wa agreed to hold a special meeting first to discuss the overall philosophy and framework of each area. Marian Heidelberger - was concernedout the offices now in the Senior Citizen Center, asking if any mo are going to be put in. They are concerned that they will be loos the use of the Center. Council assured her the Senior Citizen Cente wi}I always be available for the senior citizens. The offices are actua4ky in what used to be the garage and are only there because of the lack space at this time. That is one of the Items that would be addresbkd. MOTION by Knight, Seconded by E111ng, to set a Special Mee ng for December 9 on this matter. Motion carried unanimously. 7 Regular City Counc,, Meeting December 16, 1986 - Minutes Page 7 Several developers were before the Council with house plans to Illustrate the problems they have on various lots because of the City's 10 -foot sideyard setback. Tony Emmerich stated they try to avoid loading up the front garages. They get Into a lot of the 70 -foot houses, which do not fit on an 80 -foot lot with the 10 -foot sideyard setbacks. Also, the sizes of houses continue to Increase, as they'd like to attract the $150,000+ houses In their project. Ron Smith noted his best selling house for this year cannot be built In Andover because of the setbacks, feeling Andover should be competitive in the construction market. A reduced sldeyard setback would make the City competitive. John Peterson explained a situation where an Individual purchased a lower priced lot and decided to build a 1124 SF house valued about $90,000 to $100,000. It is a 40 -foot house with a 22 -foot garage. That will not fit on an 80 -foot lot and still meet the 10 -foot sideyard setbacks on either side. So the Individual has decided to reduce the size of the garage to make it fit. He asked if that makes any sense. Mr. Peterson also stated they have 80-, 85-, 90-, 95-, and 100 -foot lots where it would be desirable to have a lesser setback to save the trees on the lot. If the objective is bigger houses and more expensive developments, the way to do it is to go with the five-foot setbacks. An 85 -foot lot costs about $1500 more than an 80 -foot lot. He also felt if the City increased the minimum lot size to 85 feet that the end result would be slightly less house, leaving the $1500 off the cost of the house. Darrel Fults, realtor of vacant lots, also noted Instances where It would be advantageous to reduce the sideyard setbacks to accommodate the house, asking if the Council would rather have the setback or a three -car garage on the house. Councilman Elling was not In favor of a reduced setback, thinking a lot of people like the open space and larger lots. And he didn't think that $1500 would be the deciding factor in whether or not a larger lot or larger home would be acquired. He also didn't like the aesthetics of houses placed closer together. He thought if there is a problem on a lot that it could be dealt with through the variance procedure. The developers argued the variance procedure would not be effective because the new home owners would not or could not take the time required to go through that process, which can take up to six weeks. Councilman Knight was concerned that with a five-foot setback and with one- or two -foot eaves, theoretically there could only be six feet between houses. N Regular City Council Meeting December 16, 1986 - Minutes Page 8 (Ordinance 8, Section 6.02 Amendment, Continued) Mayor Windschltl then suggested the amendment to Section 6.02 Minimum Requirements for the R-4 district state: Residential Garage or Carport over 20 feet wide, from Interior lotline or to save trees, 6 feet. The Mayor emphasized the setback would then be measured from the foundation, which is what Is normally done. MOTION by Knight, Seconded by Lachinski, an Ordinance amending Ordinance No. 8, known as the Zoning Ordinance for the City of Andover as suggested by the Mayor. VOTE ON MOTION: YES -Knight, Lachinski, Orttel, Windschltl; PRESENT-Eliing Motion carried. uncal then discussed a problem regarding the placement of a house on the corner lot In Hidden Creek Addition on Hidden Creek Drive and 136th venue NW. The City Engineering Technician drew several sketche proposing several alternatives for the layout, all of which require me variances. Because of the uniqueness of this lot, a 35 -foot se ack Is needed on two sides. Council discus on was the original thought for the 35 -foot sideyard setback on cocne lots was to align the house on both streets. .Since there is no house onting on the side street, there is no need for that great of a setb k. The Council generally pr erred the layout which was also preferred by the owner, that being the use facing the west, the garage five feet from the north lotilne, and slight infringement on the southern 35 -foot setback. A variancew ]d be needed on the southern curvilinear side. Rosella Sonstebv - presented a sketch pla of property west of Roselia's Addition. She explained the mid" ]ot, No. 2, would be an area that would be utilized by everyone and o ed Jointly. If the Council does not like that concept, she could m e the other lots bigger. Mayor Windschltl noted the most significant problem Idetermining whether or not the City has the ability to get the sant ry sewer to service that property. This Is in another sewer dlstrlct, and it would be an engineering decision as to whether the property ould be serviced. CITY OF ANDOVER COUNTY OF ANOKA STATE OF MINNESOTA ORDINANCE NO. 8NN AN ORDINANCE AMENDING ORDINANCE NO. 8, KNOWN AS THE ZONING ORDINANCE OF THE CITY OF ANDOVER. THE CITY COUNCIL OF THE CITY OF ANDOVER HEREBY ORDAINS: Ordinance No. 8 is hereby amended as follows: Section 6.02 Minimum Requirements R-4 Residential Garage or Carport from interior lot line 10 Residential garage or carport over 20 feet wide, from interior lotline or to save trees 6 Adopted by the City Council of the City of Andover this 16th day of December 1986. ATTEST: fez& Victoria Volk - City Clerk CITY OF ANDOVER �"/ A l J ry W4bdschitl - Mayor O 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.CI.ANDOVER.MN.US TO: Mayor and Council Members CC: Jim Dickinson, City Administrator FROM: Fred Patch, Chief Building Official SUBJECT: Discussion Regarding 200' Front Yard Setback for Swimming Pools -- City Code, Title 9, Chapter 4 DATE: May 28, 2019 INTRODUCTION A request for installation of a swimming pool in a front yard caused staff to review front yard setbacks for swimming pools. City Code, Title 9, Chapter 4 Construction Standards, A. 2 provides a front yard setback as follows: 2. No person, firm or corporation shall build, situate or install a swimmingpool within ten feet (10) of any side or rear lot line, nor within six feet (6) of any principal structure, nor closer to the front lot line than the principal structure, except as herein provided On residential parcels of land of one acre or more, a swimming pool maybe constructed closer to the front lot line than the principal structure, however, the minimum distance it maybe from the frontline shall be two hundred feet (2009. The last sentence of that paragraph may be interpreted several ways, with the most restrictive interpretation requiring all swimming pools to be setback 200` from any front property line. Historically, staff has interpreted the code to require swimming pools to be installed with the same yard setbacks as any other accessory use or structure: ZONING Accessory Structure Yard Setbacks Front2 Side Fronting on Side Rear DISTRICT a Public Street R-17 40 40 5 5 R-2 403 40 5 5 R-3 351 35 5 5 R-4 353 35 5 5 R-5 / PUD Planned Unit Development Varies by PUD Varies by PUD Varies by PUD Varies by PUD NOTES: City Code 12-6-5 provides accessory building setbacks to accommodate future streets and county roads: • Where adjacent to a county road, minimum setback to property line is 50' in R-1, R-2, and R-3; and forty (40) feet in R-4. • Where the county road or arterial street right-of-way is less than 120, assume a 60'right-of-way on each side of the road centerline. • Where less than the minimum road right-of-way required by City Code 11-3-3 exists, measure setbacks from an assumed full -width right of way. ' On residential parcels 1 acre or more, if the accessory structure is closer to the front lot line than the residence, the front yard setback is 60'. 3 Accessory structures may not occupy more than 25V of a required rear yard. s For corner lots adjacent to cul-de-sac lots, the side or rear yard setback is the same distance as the principal structure is setback. s In R-2, R-3 and R-4 District, front yard setback averaging to existing, adjoining buildings shall apply, per City Code 12-5-1. r Animal Enclosures: Enclosed accessory structures for animals must be maintained at least 100' from a residence; and open animal enclosures must be maintained at least 50' from a residence. If the most restrictive interpretation of the code were applied, then staff have long been allowing swimming pools in violation of the required 200' front yard setback. Given the many acreage parcels in the city of Andover, an occasional swimming pool located between the public street and the residence may enhance the principle residential use. While it is uncommon for swimming pools to be located ahead of the residence, staff would like to discuss options for amending City Code, Title 9, Chapter 4 to provide better code language and possibly to allow swimming pools to be located subject to the same yard setbacks as all other uses accessory to residential use. Y O F OVE. 34 4V 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 David Berkowitz, Director of Public Discuss Street Reconstruction - Engineering May 28, 2019 Engineer INTRODUCTION The City Council is requested to discuss roadway pavement conditions throughout the City and provide direction on how to implement needs and projects in the 2020-2024 Capital Improvement Plan. DISCUSSION Attached is a map that will be reviewed and discussed in detail at the meeting that identifies immediate need for reconstruction or mill and overlay (pink) and also identifies areas of concern that staff feels will need to be addressed within the next 2 to 3 years (yellow). Also identified on the map are projects that are currently in the 2019-2023 Capital Improvement Plan (multiple colors). Jason Baumunk, Streets Supervisor and I will present the information at the meeting and answer questions. BUDGETIMPACT The identified prevalent problem areas are not fully addressed in the 2019-2023 Capital Improvement Plan and will need to be addressed in the 2020-2024 plan. ACTION REQUIRED The City Council is requested to discuss roadway pavement conditions throughout the City and provide staff with direction on how to implement needs and projects in the 2020-2024 Capital Improvement Plan. Respectfully submitted, David D. Berkowitz, P.E. Attachments: Planned and Needed Street Projects Map V/ 111�Iliilliilillliliiiii;Illi!�'lill�i!i;iilllil!!�ilillliiiii!liillitiilil�!!3ii�lili�iillii131'illiil!!II!?! C I T Y O F 1 NDOVE T11sem` �1 I �i fT � -gym Mill & Lea ve26itcurb�, �-�l-��L` -�_I_� �r#�+iI_I 1 4A W ! l _ Z, - J� - - ® � ❑- I, 'A Mill &Overlay � - I s il Planned and Needed E - m -M� - -� - I &Overlay Street Projects Mill &Overlay Mill &Overlay 9fiai ft J --- -- - a I ? 7 Planned Work in CIP 2020 (�.. y ®I v 2021 a s 2022�ti 9, a � _. — 2023 - Failing/Old r B 0 s' Mill &Overlay SealcoatStripping - failure within 2-3 years - Needs immediate work t 3 3 3 4 Mill & Overlay _ '�., _ __ 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: David Berkowitz, Director of Public rk /City Engineer SUBJECT: Discuss Potential New Trail Projects - Engineering DATE: May 28, 2019 INTRODUCTION The City Council is requested to discuss potential new trail segments that should be considered for the 2020-2024 Capital Improvement Plan (CIP). DISCUSSION Two new trail segments were identified in the 2019 CIP which include the Andover Station North Trail (Funded by the Trail Fund and DNR Grant) and Kelsey Round Lake Park Trail (Fund by Park Dedication and DNR Grant). Both these projects are going to be designed in 2019 for construction in 2020 due to the time of year (late summer/fall) the project would be bid and the current bid climate. These projects will be moved in the CIP to 2020. The land acquisition for the Railroad Underpass just east of Winslow Cove 2"d Addition will be purchased in 2019 for $115,000. Moving forward into 2021 to 2024 new trail segments need to be prioritized. As directed by the City Council the Park & Recreation Commission reviewed potential trail segments at their April 18, 2019 and then finalized at their May 16, 2019 meeting 5 segments for consideration. They are identified in no particular order on the attached map and as follows: Segment 1 (identified in the current CIP for 2021) • North Side of Crosstown Blvd NW from Xeon Street NW to the Railroad Tracks • North side of Crosstown Blvd NW from Railroad Tracks to 157' Avenue NW • East side of Crosstown Blvd NW from 157th Avenue NW to 159th Avenue NW (Millers Woods development) Segment 2 (Identified by staff based on calls to complete missing gaps) • Station Parkway from Thrush Street NW to Partridge Circle NW • Station Parkway from Partridge Circle NW to either Jay Street NW Segment 3 (identified in the current CIP for 2023) • West side of Verdin Street NW from 161' Avenue NW to 163`d Lane NW Segment 4 (possible MNDNR Grant and requested to be identified in the CIP) • Coon Creek Trail from Prairie Road NW to Butternut Street NW (This is an approximate 3000' trail that approximately 230' stretch of land would need to be purchased) Segment 5 (land will be purchased in 2019 by the City to facilitate possible future improvements) • Railroad Underpass Trail from the west side (Winslow Cove 2"d Addition) to the east side of the railroad tracks where there will be the potential of urban development. This is dependent on development on the east of the railroad tracks. Mayor and Council Members May 28, 2019 Page 2 of 2 The 2020-2024 CIP will come back to the City Council for review at a subsequent workshop with more detail cost and the projected year based on project available funding. BUDGETIMPACT Trail segments recommended will be identified in the 2020-2024 CIP and the year and funding source will be determined based on projected available funds in the Trail Fund and potential grants. Administration will review and discuss current and past cash flow for the Trail Fund as identified on the attached 5 Year History Fund Balance and the Projected Fund Balance from the 2019-2023 CIP. ACTION REQUIRED The City Council is requested to discuss potential new trail segments and direct staff on how to proceed with the 2020-2024 Capital Improvement Plan. Respectfully submitted, David D. Berkowitz, P.E. Attachments: May 16, 2019 Draft Park & Recreation Meeting Minutes, otential New Trail Segment Map 1/1 Year History Trail Fund Balance'& Trail Fund Projected Fund Balance-"' 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: Park & Recreation Commission CC: David D. Berkowitz, Director of Public Works/City Engineer FROM: Todd J. Haas, Assistant Public Works Director SUBJECT: 7. Consider 2020-2024 Trail Capital Improvement Plan DATE: May 16, 2019 INTRODUCTION The Park and Recreation Commission is requested to consider the 2020-2024 Trail Capital Improvement Plan (CIP). DISCUSSION The target date for the draft CIP is June 7". Based on the discussion from the last meeting of April 18, 2019, the Park and Recreation Commission discussed a number of potential trail improvements. The trails segments that were to be considered or brought up for discussion are as follows: Segment 1 (identified previously by City Council and is currently identified in the CIP) • Along Crosstown Blvd NW from Xeon Street NW to the Railroad Tracks • Along Crosstown Blvd NW from Railroad Tracks to 157'h Avenue NW • Along Crosstown Blvd NW from 1571h Avenue NW tol59th Avenue NW (Millers Woods development) Segment 2 (recommended by staff to complete a couple missing gaps to allow residents to have a safer crossing point where there is either an existing stop sign and/or crosswalk identified) • Along Station Parkway from Thrush Street NW to Partridge Circle NW • Along Station Parkway from Partridge Circle NW to either Jay Street NW or Hanson Blvd NW Segment 3 (identified previously by City Council and is currently identified in the CIP) • Along Verdin Street NW from 161` Avenue NW to 1631 Lane NW Segment 4 (a good candidate for a MNDNR Grant and it is recommended by staff for this segment to be identified in CIP) • Coon Creek Trail from Prairie Road NW to Butternut Street NW Segment 5 (land will be purchased by the City to facilitate possible future improvements) • Railroad Underpass Trail from the west side (Winslow Cove development) to the east side of the railroad tracks where there will be the potential of urban development. This is dependent on development on the east of the railroad tracks. The funding for the trails/sidewalk improvements have been a combination of DNR Grants, general funds and trail funds that have been received from new developments. Funding of improvements for 2020-2024 have not been identified and will need to be determined by the City Council. Regular Andover Park & Recreation Commission Meeting Minutes — May 16, 2019 Page 6 Commissioner Perra asked why Council is interested in the Prairie Knoll Park parking lot and Mr. Haas stated due to police calls and damage to the current lot. Neighbors complain cars are parking on the grass. A parking lot attendant is required and the President of Lacrosse has been reminded. Chair Lindahl stated he would need to see use numbers before deciding to pave the parking lot. The north parking lot is not being used. Mr. Haas stated he will bring back the revised projections for 2019, 2020 and 2021 for housing units planned. At the June meeting the Commission will need to make their recommendation. CONSIDER 2020-2024 TRAIL CAPITAL IMPROVEMENT PLAN Mr. Haas stated the Park and Recreation Commission is requested to consider the 2020- 2024 Trail Capital Improvement Plan (CIP). The target date for the draft CIP is June 7. During a discussion at the last meeting on April 18, 2019 the Commission discussed a number of potential trail improvements. The trail segments that were considered and discussed are: Segment 1 (identified previously by City Council and is currently identified in the CIP) • Along Crosstown Blvd NW from Xeon Street NW to the Railroad Tracks • Along Crosstown Blvd NW from Railroad Tracks to 157th Avenue NW • Along Crosstown Blvd NW from 157'h Avenue NW to 1591h Avenue NW (Millers Woods development) Segment 2 (recommended by staff to complete a couple missing gaps to allow residents to have a safer crossing point where there is either an existing stop sign and/or crosswalk identified) • Along Station Parkway from Thrush Street NW to Partridge Circle NW • Along Station Parkway from Partridge Circle NW to either Jay Street NW or Hanson Blvd NW Segment 3 (identified previously by City Council and is currently identified in the CIP) • Along Verdin Street NW from 1615` Avenue NW to 163`d Lane NW Segment 4 (a good candidate for a MNDNR Grant and it is recommended by staff for this segment to be identified in CIP) • Coon Creek Trail from Prairie Road NW to Butternut Street NW Segment 5 (land will be purchased by the City to facilitate possible future improvements) • Railroad Underpass Trail from the west side (Winslow Cove development) to the east side of the railroad tracks where there will be the potential of urban development. This is dependent on development on the east of the railroad tracks. Regular Andover Park & Recreation Commission Meeting Minutes—May 16, 2019 Page 7 Mr. Haas indicated the trail locations on the trail map showing the planned trail connections. Commissioner Butler asked if Segment 4 would be continued to the west and Mr. Haas indicated the plan on the map. Commissioner Perra asked if a trail needed to be in the CIP before a grant could be applied for and Chair Lindahl stated there has to be a plan before applying. The funding for the trails/sidewalk improvements have been a combination of DNR Grants, general funds and trail funds that have been received from new developments. Funding of improvements for 2020 — 2024 have not been identified and will need to be determined by the City Council. Chair Lindahl asked about Council's discussion about Segment 2. Mr. Haas stated if it is recommended the Commission needs to specify why that segment is needed. Commissioner Perra stated she would like to serve the most of the population with the trails. She is not sure about the Miller's Woods trail as there is not a large neighborhood that would benefit from that trail. Chair Lindahl stated the section from Prairie Road to the stop sign is very narrow and is a 50 -mph road. Commissioner Butler stated although the population is not large there, the safety factor is a major consideration. Commissioner Marinello stated the Commission has heard from neighbors in that area as to the safety. Motion by Butler, seconded by Perra, to recommend approval of the 2020-2024 Trail Capital Improvement Plan and adding Segment 4 to the 2020 or 2021 CIP contingent on receiving the grant funding. Motion carried on a 7 -ayes, 0 -nays, 0 -absent vote. OUTSTANDINGITEMSIMAINTENANCE UPDATE Commissioner Butler stated the Task Force has not yet in May. The City Council held a public meeting and the Council authorized the use of the funding tool. Council will consider accepting bids at the June 4 Council Meeting, Mr. Haas reviewed On -Going Projects, Other Items of Interest, and the Weekly Parks Maintenance Update. The next Park and Recreation Commission Meeting will be held on June 6, 2019. FOXME40OWS r, 40 A i I . J PLEASANTO RK k r OUND LAKE ROUND LAKE BOAT F ` r � yyyypop0pDLLgNpCREL� WETLAND RESTORATION Id ROSEPARK rr�� CROOKED LAKE DOAT LANDIPQ��OkeS OAK VIEW PARK A w r , -.. - - - - 138th 3 colds � Shady Bunker Underpass Knoll Andover to in the Park Neth av Park TERRARK ae. p� a psi Nn� w� d ��rtrt rrl/ West Parks NEast�arks and sidewalks. paved and unpaved surfaces. Paved surface trails are blacktop antl sitlewalks. CROOKED LAKE East Andover SCh005 esi -.. - - - - 138th 3 Legend A _ �n�1e Bunker Underpass Mill Hidden Andover to in the Creekr Neth I Park TERRARK `Se Hi dden 9N Creek ept2 and sidewalks. paved and unpaved surfaces. Paved surface trails are blacktop antl sitlewalks. CROOKED LAKE East Andover SCh005 Park Trail Map Woodland g 0 A4heskMod Commons Park reexu Is COON CREEK " T :'idberVew Crosg Park Hkee-La ti ffs of Bunks Lake W stPark 5 7 1 IF 6�$ 1 Segment 4 TRAIL UNDERPASS i Legend Bunker Underpass C I T Y O F ANDOVE Andover to in the Paved Trail Railroad This map is provided by the CM g. king people enjoyment proud trails when walking, running.rolling or bikingTrailsblacktop Proposed Trail and sidewalks. paved and unpaved surfaces. Paved surface trails are blacktop antl sitlewalks. � Andover SCh005 pidratimer: rns madam has uaa=omplied satins emrmaaon aamered Unpaved surface trails are wood chips, soil or sand Not all surrounding trails Unpaved Trail hod various ooyemmem sources an0 kto oe urea for reverence are shown. Trail distances are approximate. Sidewalk Water Wrboses only. Every eflon has been mete to abroad,Ne cgnde eness and eceura of document, rhe cn fAndowr does not re mated that dF Parks Me data ban used for exaa measurerrent amistance or do-Mmn or in me features a dionapandes -Count Trails Y prentemn dalaree,roWm era or are route, Wall (70) 755-5100. please ,,,�.�.�,...,......�.,. ttw.rz. i CITY OF ANDOVER Trail Fund Fund Balance - 5 Year History Estimate 2014 2015 2016 2017 2018 2019 TOTALS Projected Sources of Revenue Trail Fee $ 28 534 $ 39 433 $ 119 858 $ 28 421 $ 23 477 $ 38 414 $ 278 137 Interest Operating Transfer In Total Revenues Available I Projected Commitments I Misc 13 - 13 Catcher's Creek 16-13 Crosstown Blvd Trail 16-14 Bunker Lake Blvd Tail 15-23 Catchers Creek 2nd 17-16 Andover Blvd Trail 17-17 Crosstown Blvd Trail 17-17 Crosstown Blvd Trail - Boardwalk Land purchase for underpass Total Commitments Revenues Over (Under) Expenditures Fund Balance as of December 31, 2013 Fund Balance Brought Forward Ending Fund Balance - - - - - 117,550 117,550 3,526 2,124 8,098 6,396 9,302 - 29,446 - 200,000 250,000 250,000 230,000 - 930,000 32,060 241,557 377,956 284,817 262,779 155,964 1,355,133 3,775 - 3,775 29,120 29,120 211,136 211,136 56,125 56,125 85,777 85,777 146,053 146,053 264,735 264,735 430,000 430,000 115,000 115,000 3,775 29,120 267,261 231,830 264,735 545,000 $ 1,341,721 28,285 212,437 110,695 52,987 (1,956) (389,036) 106,678 134,963 347,400 458,095 511,082 509,126 $ 134,963 $ 347,400 $ 458,095 $ 511,082 $ 509,126 $ 120,090 CITY OF ANDOVER Trail Fund Projected Fund Balance *Target - 10% of current years commitments to create a contingency for any project overages. ** It is anticipated that all projects will not be fully expended by the end of the year, and future projects will be contingent on additional revenues. 2018 2019 2020 2021 2022 2023 TOTALS Projected Sources of Revenue Trail Fee $807 per unit platted units 25 25 25 25 25 Trail Fee -$845 $ 20,175 $ 21,125 $ 21,125 $ 21,125 $ 21,125 $ 21,125 $ 125,800 Grant - 117,550 - - - - 117,550 Operating Transfer In 230,000 - - - - - 230,000 Total Revenues Available 250,175 138,675 21,125 21,125 21,125 21,125 473,350 Projected Commitments 8' Bituminous Trail and Boardwalk along Crosstown Blvd - 680,000 680,000 Bunker Lk Blvd to 140th Ave 10' Bituminous Trail Connection - Andover Station North 215,000 215,000 Railroad Underpass Trail 120,000 300,000 420,000 8' Bituminous Trail along Crosstown Blvd - Xeon St to railroad tracks 158,000 158,000 Railroad tracks to 157th Ave 287,000 287,000 157th Ave to 159th Ave 236,000 236,000 8' Bituminous Trail along Station Parkway - Thrush St to Partridge Cir 68,000 68,000 Partridge Cir to Hanson Blvd 170,000 170,000 8' Bituminous Trail along Verdin St - 622,000 622,000 161 st Ave to 163rd Lane Total Commitments 680,000 215,000 120,000 981,000 238,000 622,000 $ 2,856,000 Revenues Over (Under) Expenditures (429,825) (76,325) (98,875) (959,875) (216,875) (600,875) Fund Balance as of December 31, 2017 511,082 Fund Balance Brought Forward 81,257 4,932 (93,943) (1,053,818) (1,270,693) Ending Fund Balance * $ 81,257 $ 4,932 $ (93,943) $ (1,053,818) $ (1,270,693) $ (1,871,568) *Target - 10% of current years commitments to create a contingency for any project overages. ** It is anticipated that all projects will not be fully expended by the end of the year, and future projects will be contingent on additional revenues. %�C I T Y 0. F ND/ 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 2020 Budget Development Discussion May 28, 2019 INTRODUCTION City Administration has starting to focus on the 2020 Annual Operating Budget Development process and is looking to update the City Council and seek direction as the preparation of the 2020 Annual Operating Budget proceeds. City Administration will review briefly with the Council the bold italics items at the meeting. DISCUSSION The following are the 2020 Budget Development guidelines adopted at the April 2nd City Council meeting: 1) A commitment to a City Tax Capacity Rate to meet the needs of the organization and positioning the City for long-term competitiveness using sustainable revenue sources and operational efficiencies. Note: Preliminary Anoka County Assessor taxable market value figures for the City of Andover are reflecting close to a 7.5% increase in total taxable market value. 2) A fiscal goal that works toward establishing the General Fund balance for working capital at no less than 45% of planned 2020 General Fund expenditures and the preservation of emergency fund balances (snow emergency, public safety, facility management & information technology) through targeting revenue enhancements or expenditure limitations in the 2019 adopted General Fund budget. Note: With property tax revenues making up close to 80% of the total General Fund revenues cash flow designations approaching 50% are appropriate and recommended by the City's auditor. The 2019 budget development exceeded this guideline for cash flow, also Emergency Fund Balances (approximately 3% of planned General Fund expenditures per finance policy) are in place to stabilize a situation, not be a complete solution. Sta will review with the Council a anal -audited 2018 General Fund Fund Balance Analysis at the meeting. 3) A commitment to limit the 2020 debt levy to no more than 25% of the gross tax levy and a commitment to a detailed city debt analysis to take advantage of alternative financing consistent with the City's adopted Debt Policy. Note: The adopted 2019 debt levy was 16.14% of the gross tax levy, the 25% guideline for 2020 provides reasonable margin to accommodate the additional long-term debt either in place (2018 GO CIP Bonds) or contemplated (2019 GO Abatement Bonds). Please keep in mind thatfor the 2017& 2018 budgets, $500,000& $525,000 respectively of existing debt levy through 2016 was temporarily moved to a Capital Levy to fund planned equipment purchases (rather than issuing debt), that decreased the debt levy percentage of the gross tax levy significantly. 4) A comprehensive review of the condition of capital equipment to ensure that the most cost- effective replacement schedule is followed. Equipment will be replaced based on a cost benefit analysis rather than a year -based replacement schedule. Note: The City Vehicle Purchasing Committee has been meeting and is performing this analysis and will make recommendations on equipment needs to the City Council as part of the 2020-2024 Capital Improvement Plan (CIP) development process. This will be covered in more detail with future CIP discussions. 5) 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 set of financial data including growth factors, tax capacity valuations, per capita spending, fund balance reserve, and debt ratios. 6) 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 is to be updated by the Council over the next few months. Once complete, Administration will assure that direction provided in that updated document is integrated into department work plans and budgets. 7) A management philosophy that actively supports the funding and implementation of Council policies and goals, and a commitment to being responsive to changing community conditions, concerns, and demands, and to do so in a cost-effective manner. Note: Special attention is given to fiscal values, commercial & residential development or redevelopment, collaboration opportunities, service delivery, livability and image of the community. Staffing: Administration is expecting new staffing requests from various Departments for the 2020 budget. Deadlinefor submission of those requests will be July lsr There are some anticipated retirements and staff vacancies within the next few years; in response Administration/Human Resources will continue to focus on succession planning, utilization of internship opportunities, continued cross -training of staff, and/or possible realignment of resources. Personnel Related Implications: To date the following are the other projected issues facing personnel related expenses: 1. Human Resources will review all position -based salaries and the associated benefit package to determine if the total package is competitive with other government entities. Based on the research in late 2019, there are a few positions where salaries are lagging the market. The 2019 budget is carrying budget dollars to address those positions in 2019. Pay steps for eligible employees will be included in a 2020 budget proposal A cost of living adiustment (COLA) for non -bargaining employees will be evaluated. The current Public Works Union contract expires December 31, 2019, negotiations on the next Public Works Union contract started on May Is', once negotiations are complete the impacted department budgets will be updated accordingly. 2. A midyear review ofthe employee health plan for the 2020 Budget will be conducted with our broker in late June or early July. During the 2019 Budget development process, unfortunately, the best and only rate came from our current provider HealthPartners with a 29% rate increase to maintain the current plan. Most insurance companies and consortium groups were not competitive or just elected not to bid based on the group's claim experience at that time. Administration/Human Resources last year did continue to work with our broker to solicit other options from HealthPartners and was able to secure a proposal on an additional option similar to the current plan except with a higher deductible but limiting the plan to a 17% rate increase. Human Resources at that time held discussions with members of the City's Employee Benefit Committee and the result of those discussion were a recommendation to the City Council that the City offer the employees the choice of two open access high deductible plans, one with a $5,000 family plan deductible and $2,500 single plan deductible (the current plan model), the other with a $7,000 family plan deductible and $3,500 single plan deductible (new offering). That recommendation also included that as part of the employee benefit program, the City will continue to pay 100% of the lower cost single health insurance premium and 76% of the lower cost family health insurance premium. The plans offered are accompanied with a health spending account (HSA), that was originally implemented in 2006. The City does contribute annually to an employee's HSA to assist with the high deductible out of pocket costs. That contribution is evaluated annually as part of the marketing of the health insurance plans. Contractual Departments: 1. The City Attorney 2019 contract reflected a 2% increase over the 2018 contract. There have been limited discussions to date for 2020. 2. The 2019 City of Andover Law Enforcement expenditure budget is $3,183,610 which is offset by a Police State Aid revenue budget of $135,200 and School Liaison revenue budget of $99,350 reflecting a net tax levy impact of $2,949,060. The 2019 Sheriff's contract provides for: a. 80 hours per day of patrol service b. 6 hours per day of service provided by a Community Service Officer c. School Liaison Officers in the middle school and high school d. 2 Patrol Investigators e. 50% of the Crime Watch Program's coordinator position. Per contract, the Sheriff always provides the required number of deputies for all hours contracted by the City. If the Sheriff s Office has a deputy vacancy or a deputy is injured etc., they still provide the City with a deputy at straight time even though they may have to fill those hours with overtime which at times may cost the Sheriffs Department additional but is not billable per the contract. Staff has had initial discussions with the Anoka County, Sheriff for a 2020 status quo contract, and the Anoka County Sheriff's Office will be scheduled to be before the City Council likely at the June workshop meeting. Council Memberships and Donations/Contributions: The following memberships/contributions are currently included in the 2019 Budget: • North Metro Mayors Association $15,150 (GF) • Metro Cities $ 9,518 (GF) • Mediation Services $ 3,366 (GF) • YMCA — Water Safety Program $ 8,500 (GF) • Alexandra House $18,328 ($15,328 GF & $3,000 CG) ■ Youth First (Program Funding) $14,000 ($12,000 GF & $2,000 CG) ■ NW Anoka Co. Community Consortium - JPA $10,000 (GF) • Teen Center Funding (YMCA) $24,500 ($8,100 GF & $16,400 CG) • Family of Promise $ 3,000 (CG) • Lee Carlson Central Center for Family Resources $ 1,500 (GF) • Senior High Parties ■ Stepping Stone • Hope for Youth 1,000 (CG) 900 (CG) 1,000 (CG) Some are funded via the General Fund (GF), and those that qualify for charitable gambling funding are done through the Charitable Gambling (CG) Special Revenue Fund. Council direction will be sought on the memberships/contributions for 2020. Capital Projects Levy: Capital Projects Levy—The 2019 Capital Projects Levy Budget specifically designates $2,001,788 of the general tax levy to capital projects and equipment needs relating to Capital Project Outlay ($275,000), Road and Bridge ($1,254,788), Pedestrian Trail Maintenance ($102,000), Park Projects ($15,000) and Facility Maintenance Reserve ($355,000). Specific designation of the tax levy to anticipated City needs and priorities for transportation and trail maintenance, park projects and equipment outlays allows the City to strategically allocate its resources and raise the public's awareness of City spending priorities. The Road and Bridge levy is evaluated annually and along with Capital Outlay, Pedestrian Trail Maintenance, Parks Projects and Facility Maintenance levies increased/decreased according to the City Council budget guidelines. • Road and Bridge An adjustment was made to the Road & Bridge funding formula in 2014, primarily to stop the continual decrease in the levy that has been happening over the past few years due to decreases in the Anoka County Assessor taxable market value figures for the City of Andover. Based on Council discussion, consensus was to stop the decline in road funding and evaluate annually through the adopted City Council Budget Development Guidelines. It should be noted that in 2014, Local Government Aid (LGA) in the amount of $74,655 was used to help fund the Road & Bridge Fund. That State of Minnesota funding has largely gone away, down to $0.00 in 2017 and 2018. Future increases in LGA or even the presence of LGA for the City of Andover based on the current State formula are remote. The 2018 City of Andover Road & Bridge levy was $1,169,014. That was a 4.74% increase over 2017. The 2019 budget contained a 7.34% increase ($85,774) to $1,254,788 for the 2019 budget. Administration will likely be proposing an increase again for 2020. • Pedestrian Trail Maintenance The 2018 City of Andover Pedestrian Trail Maintenance levy was increased significantly from $63,075 in 2017 to $100,000 for 2018, a 58.54% increase in funding. The 2019 budget included a 2% increase ($2,000) to $102,000. Administration will likely be proposing an increase again for 2020. • Park Improvements This levy is an annual appropriation to be used to underwrite park improvement projects as recommended by the Park and Recreation Commission and approved by the City Council. This funding is intended to be a supplemental source of capital funding for park projects that is separately identified in the City's Five -Year Capital Improvement Plan. The 2015 levy was $61,500, but only $15,000 was leviedfor 2016. $46,500oftheprevious levy was re -assigned to the General Fund to focus on Park's maintenance/replacement items. In addition to the re -assigned funds an additional $43,500 of General Fund levy was assigned to Parks Repair/Replacement itemsfor a total levy of $90,000 in 2016, and that continued for 2017. The 2018 General Fund levy assigned to Parks Repair/Replacement items levy was increased to $100,000 and continued at that level for 2019, the Parks Project levy continues to remain at $15,000. Administration/Finance will evaluate these levy items throughout the CIP process to determine if there will be any adjustment to these levies for the 2020 budget • Equipment/Projects Under the Capital Projects Levy, a levy is proposed to be designated to Capital Equipment/Project expenditures identified through the CIP process. Through this designation, the City, over time, will build a fund reserve to avoid cash flow "spikes" and address a wide range of capital improvement needs such as facility maintenance projects under a more controlled spending environment. The 2018 levy was $275,000, the 2019 budget was also set at $275,000. Administration will likely be recommending the same $275,000 for 2020 • Capital Equipment/Projects This was a reassigned levy in 2017 to provide for the 2017 equipment purchases. Administration/Finance proposed a straight $500,000 Capital Equipment Purchases Levy for the 2017 equipment purchases rather than through debt service levy and an equipment bond This process continued through 2018 but increased the levy by $25,000 to $525,000. In 2019, this levy is turned back to debt service levy for the City Campus Master Plan implementation. Administration will not be recommending a Capital Equipment/Project levy for 2020• equipment purchases for 2020 will be proposed to be through the debt service levy and an equipment bond • Facility Maintenance This was anew $50,000 levy proposed for 2018. A facility condition assessment study identifzed many maintenance repairs for City facilities such as roof repairs, HVAC, electrical panels, fire alarm systems, windows and air quality related items. This levy was increased to $355,000 for the 2019 budget to help address significant deferred maintenance items that have been identified for buildings (Public Works & Community Center) being evaluated as potential expansion projects within the City Campus Master Plan. Going forward, this levy could stay as a straight Capital Improvement Levy or could be converted to a Debt Service Levy based on market conditions at the time of the project. Administration/Finance will be evaluating this levv throughout the CIP process but does not anticipate there will be any adjustment recommended for 2020 Debt Service Levy: Annually the Finance Department conducts a detailed debt service analysis to monitor outstanding debt and to look for early debt retirement or refinancing opportunities that will yield interest expense savings to the City. (Staffalong with Ehlers & Associates will complete reviews to see if any refinancing opportunities are available at this time, we will then continue to monitor refunding opportunities, as markets can move quickly, and calculate potential savings for each issue that may meet parameters which may generate savings.) The current 2019 Debt Service levy is as follows: • 2010A G.O. Open Space Referendum • 2012C Taxable G.O. Abatement Bonds • 2014A G.O. Equipment Certificates • 2016A G.O. Equipment Certificates • 2018A Capital Improvement Plan Bonds Total 183,989 (The last year is 2021) 969,378 (The last year is 2031) 294,525 (The last year is 2019) 142,837 (The last year is 2020) 525,000 (The last year is 2043) $2,115,729 Staff will review with the Council at the meeting but note that the 2019 Debt Service levy reflects the reassignment of the $525,000 Capital Projects Levy back to Debt Service Levy for the City Campus Master Plan implementation. For the 2020 Debt Service Levy, Administration willlikely be recommend replacing the expiring 2014A G.O. Equipment Certificates Bond with a 2020 G.O. Equipment Certificates Bond also the 2020 Debt Service Levy will contain a 2019 G.0 Abatement Bond debt service levy if the Community Center Expansion Proiect is approved to move forward to construction ACTION REQUESTED The Council is requested to receive a presentation and provide direction to staff. ctfully submitted, Dickinson 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: April 2019 General Fund Budget Progress Report DATE: May 28, 2019 INTRODUCTION The City of Andover 2019 General Fund Budget contains total revenues of $11,378,046 and total expenditures of $11,740,993; a decrease in fund balance is planned. Monthly reporting of the City Budget progress to the Governing body is a recommended financial practice and often viewed positively by rating agencies. DISCUSSION Attached is the General Fund Revenue & Expenditure Budget Summary - Budget Year 2019 reflecting year to date actual through April 2019. The attachments are provided to assist discussion reviewing 2019 progress; other documents may be distributed at the meeting The following represents Administration's directives and departmental expectations for 2019: 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. Nspelly submitted, CITY OF ANDOVER General Fund Budget Summary Totals Budget Year 2019 2018 1 2019 REVENUES Budget Apr YTD %Bud Final Budget Apr YTD %Bud General Property Tax $ 8,721,256 $ 7,707 0% $ 8,634,130 $ 9,023,970 $ - 0% Licenses and Permits 377,900 111,736 30% 562,525 384,900 198,578 52% Intergovernmental 766,274 204,013 27% 829,860 787,918 202,094 26% Charges for Services 746,700 222,653 30% 888,947 708,700 267,331 38% Fines 90,250 19,282 21% 73,719 75,250 17,507 23% Investment Income 75,000 (6,871) -9% 107,560 75,000 (3,293) -4% Miscellaneous 129,300 67,039 52% 176,662 134,300 69,178 52% Transfers In 178,558 178,558 100% 178,558 188,008 188,008 100% Total Revenues $ 11,085,238 $ 804,117 7% S 11,451,961 $ 11,378,046 S 9399403 8% Total Expenditures $ 2018 $ 3,135,400 28% S 2019 S EXPENDITURES Budget Apr YTD %Bud Final Budget Apr YTD %Bud GENERAL GOVERNMENT Mayor and Council $ 91,298 $ 46,030 50% S 87,813 $ 107,751 $ 50,644 47% Administration 203,833 64,437 32% 198,945 215,952 67,973 31% Newsletter 26,000 5,406 21% 17,770 26,800 9,574 36% Human Resources 28,431 9,042 32% 13,666 28,771 10,180 35% Attorney 191,360 47,084 25% 188,031 197,041 47,946 24% City Clerk 155,608 51,742 33% 149,770 163,651 54,564 33% Elections 59,781 10,956 18% 50,629 65,640 4,001 6% Finance 278,660 95,795 34% 272,851 290,752 103,157 35% Assessing 154,000 - 0% 149,040 154,000 - 0% Information Services 180,597 52,271 29% 171,637 187,743 52,578 28% Planning & Zoning 438,827 131,624 30% 422,984 456,887 130,138 28% Engineering 553,765 171,179 31% 527,688 575,968 181,443 32% Facility Management 678,519 141,389 21% 497,641 695,944 183,691 26% Total General Gov 3,040,679 826,955 27% 2,748,465 3,166,900 895,889 28% PUBLIC SAFETY Police Protection 3,053,526 763,381 25% 3,053,526 3,183,610 795,903 25% Fire Protection 1,423,914 382,558 27% 1,445,167 1,471,101 390,357 27% Protective Inspection 462,164 135,949 29% 436,789 479,543 144,663 30% Civil Defense 32,502 6,657 20% 18,060 29,184 7,832 27% Animal Control 5,950 150 3% 2,809 5,950 598 10% Total Public Safety 4,978,056 1,288,695 26% 4,956,351 59169,388 19339,353 26% PUBLIC WORKS Streets and Highways 659,943 185,222 28% 656,194 696,225 154,059 22% Snow, and Ice Removal 562,706 366,507 65% 599,028 586,375 417,013 71% Street Signs 219,418 60,196 27% 206,890 227,527 49,458 22% Traffic Signals 37,000 5,444 15% 33,857 39,500 5,451 14% Street Lighting 40,400 8,213 20% 32,829 40,400 8,129 20% Street Lights - Billed 220,500 35,516 16% 142,937 180,500 35,886 20% Park & Recreation 1,318,395 304,550 23% 1,282,415 1,352,017 317,792 24% Natural Resource Preservation 15,074 503 0% 5,158 18,107 2,569 14% Recycling 157,216 43,484 31% 199,182 168,626 64,336 38% Total Public Works 3,230,652 1,009,635 31% 3,158,490 3,309,277 1,054,693 32% OTHER Miscellaneous 31,828 1,615 5% 233,440 56,828 1,565 3% Youth Services 38,600 8,500 22% 8,500 38,600 8,500 22% Total Otber 70,428 10,115 14% 241,940 95,428 10,065 11% Total Expenditures $ 11,319,815 $ 3,135,400 28% S 11,105,246 S 11,740,993 5 3,300,000 28% NET INCREASE (DECREASE) S (234,577) S (2,331,283) S 346,715 S (362,947) S (2,360,597) 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: April 2019 City Investment Reports DATE: May 28, 2019 INTRODUCTION 64 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 April 2019, the April 2019 Investment Detail Report, and the April 2019 Money Market Funds Report. These attachments are intended to provide a status report on the April 2019 investments. ACTION REQUESTED for Council review. Staff will provide a brief presentation and answer questions. submitted, Investment Maturities - April 2019 Deposits Total cash and investments Credit _ Investment Type Rating Fair Less Than Money market funds N/A MN Municipal Money Value Market Fund (4M) N/A Certificates of deposit FDIC Local governments A/Al/A2 $ AA/AAI/AA2/AA3 $ AAA State governments A/Al/A2 - AA/AAI/AA2/AA3 13,179,684 AAA U.S. agencies AAA U.S. agencies N/A Total investments 60,037 Deposits Total cash and investments $ 49,326,656 $ 30,404,977 $ 16,067,517 $ 2,426,163 $ 427,999 754,227 $ 50,080,884 Investment Maturities (in Years) Fair Less Than More Than Value 1 1-5 6-10 10 $ 2,477,936 $ 2,477,936 $ $ $ 10,755,088 10,755,088 - - - 13,179,684 9,483,081 3,696,603 - - 325,213 164,497 60,037 100,680 - 5,364,503 1,501,156 2,339,443 1,423,904 100,000 5,272,881 1,796,116 2,404,644 744,121 327,999 203,516 - 203,516 - - 930,644 85,000 845,644 467,362 - 467,362 - 10,349,829 4,142,103 6,050,268 157,458 $ 49,326,656 $ 30,404,977 $ 16,067,517 $ 2,426,163 $ 427,999 754,227 $ 50,080,884 April 2019 Investment Detail 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 Customers Bank 23204HFAl 34444 CD 245,000.00 245,000.00 245,000.00 2.000% 244,960.80 semi-annual 02/21/18 08/21/18 05/21/19 Banner Bank 06652XFP5 28489 CD 245,000.00 245,000.00 245,000.00 1.850% 244,943.65 semi-annual 02/23/18 08/23/18 05/23/19 First Foundation Bk 32026UFSO 58647 CD 245,000.00 245,000.00 245,000.00 2.000% 244,948.55 semi-annual 02/28118 08/28/18 05/28119 Ally Bank Midvale Utah 02006LF32 57803 CD 245,000.00 245,000.00 245,000.00 1.200% 244,527.15 semi-annual 06/30/16 12/30/16 07/01119 Barclays Bank 06740KHB6 57203 CD 247,000.00 247,000.00 247,000.00 1 2.050%11111111 246,861.68 semi-annual 07/03/10 01/02/15 07/02/19 Synchrony Bank 87164WBT4 27314 CD 247,000.00 247,000.00 247,000.00 2.050% 246,829.57 semi-annual 07/11/14 01/11/15 07/11/19 JP Morgan Chase Bank NA 48125Y51-4 628 CD 245,000.00 245,000.00 245,000.00 1.100% 244,387.50 quarterly 07/15/16 10/15/16 07/15/19 Farmers & Merchants Banc 308IONBGO 1895 CD 245,000.00 245,000.00 245,000.00 2.300% 244,973.05 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% 244,958.35 maturity 07/18118 none 07118/19 MountainOneBank 62452ACG3 90253 CD 245,000.00 245,000.00 245,000.00 2.250% 244,931.40 maturity 07/18/18 none 07/18/19 PrivateBank & Trust Co 74267GUQ8 33306 CD 247,000.00 247,000.00 247,000.00 2.000% 246,797.46 semi-annual 07/21/14 01/21/15 07/22119 Goldman Sachs Bank USA 38147JU59 33124 CD 247,000.00 247,000.00 247,000.00 2.050% 246,765.35 semi-annual 07/23/14 01/23/15 07/23/19 Sallie Mae Bank 795450895 58177 CD 245,000.00 245,000.00 245,000.00 1.700% 244,544.30 semi-annual 08/09/17 02/09/18 08/09/19 Town Bank 892094CK7 34717 CD 245,000.00 245,000.00 245,000.00 2.300% 244,931.40 maturity 08/30118 none 08/09119 First Federal Svgs Bk 32021YCH4 29690 CD 249,000.00 249,000.00 249,000.00 1.500% 248,731.08 monthly 01/21/16 02/21/16 08/21/19 Santander Bank NA 80280JRQ6 29950 CD 245,000.00 245,000.00 245,000.00 2.300% 244,911.80 maturity 09/05/18 none 09/05/19 Valley NIB 919853BB6 9396 CD 245,000.00 245,000.00 245,000.00 2.350% 244,953.45 maturity 09/06118 none 09/06119 Victory Bank 92644LAB8 58615 CD 247,000.00 247,000.00 247,000.00 2.000% 246,612.21 semi-annual 09/24/14 03/24/15 09/24/19 BMO Harris Bk Nat] Assoc 05581WA70 16571 CD 245,000.00 245,000.00 245,000.00 2.450% 245,075.95 semi-annual 08/31/18 09/01/18 10/01/19 CommerceWest Bank NIA 20084TKX0 57176 CD 245,000.00 245,000.00 245,000.00 245,000.00 2.300% 2.350% 244,899.55 semi-annual 04/25/18 04/27/18 10/25/18 10/27/18 10/25/19 10/28/19 Umpqua Bk Roseburg Ore 90421MBZ5 17266 CD 245,000.00 245,000.00 244,958.35 semi-annual _ Third Federal Sav&Loan 88413QAWB 1091003210 30012 21714 CD CD 128,000.00 245,000.00 128,000.00 245,000.00 128,000.00 245,000.00 2.000% 2.500% 127,778.56 245,000.00 semi-annual 11/24/14 05/24/15 11/25/19 1 Year CD- Premier Bank 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 12/16/18 none 12/16/19 1 Year CD - Premier Bank MN 3041574901 33204 CD 245,000.00 245,000.00 245,000.00 2.500% 245,000.00 maturity 12116/18 none 12/16/19 1 Year CD - Premier Bank 1091003211 CD 275,000.00 275,000.00 275,000.00 2.500% 275,000.00 maturity 12/17/18 none 12/17/19 Celtic Bank 15118RJM0 57056 CD 247,000.00 247,000.00 247,000.00 2.050% 246,733.24 semi-annual 12/20/13 06120/14 12/20/19 Steams Bank NA 857894PB9 10988 CD 247,000.00 247,000.00 247,000.00 1.000% 246,498.59 semi-annual 12/26/14 06/26/15 12/26/19 Compass Bk 20451PVJ2 19048 CD 245,000.00 245,000.00 245,000.00 2.650% 245,401.80 semi-annual 10/11/18 04/11/19 01/13/20 Kearny Bank 48714LAS8 28765 CD 245,000.00 245,000.00 245,000.00 2.750% 245,575.75 semi-annual 12/21/18 06/21119 01/21/20 Exchange Bank 301074DA5 1435 CD 245,000.00 245,000.00 245,000.00 2.350% 244,862.80 maturity 04/26/19 none 01/27/20 Fifth Third Bank 316777WS6 6672 CD 245,000.00 245,000.00 245,000.00 2.500% 245,115.15 maturity 03/13/19 none 03/13/20 MizuhoBank USA 60688MYG3 21843 CD 245,000.00 245,000.00 245,000.00 2.500% 245,115.15 maturity 03/13/19 none 03/13/20 US Bank NA 90333VL32 6548 CD 245,000.00 245,000.00 245,000.00 2.450% 245,009.80 maturity 03/13/19 none 03/13/20 Jefferson Bk & Tr Co 472376AD4 1071 CD 245,000.00 245,000.00 245,000.00 2.450% 245,009.80 semi-annual 04/11/18 10/11/18 04/10/20 CitiBank NA 17312QJ34 7213 CD 245,000.00 245,000.00 245,000.00 245,000.00 245,000.00 2.550% 245,240.10 semi-annual 04/11/18 10/11/18 04/13/20 Discover Bk Greenwood Del 254673NR3 5649 CD 245,000.00 2.500% 245,124.95 semi-annual 04/11/18 10/11/18 04/13/20 Iberia Bank 45083AJL7 28100 CD 245,000.00 245,000.00 245,000.00 2.6009% 245,355.25 semi-annual 07/12/18 01/11/19 04/13/20 Bankwell Bank 06654BBA8 57368 CD 245,000.00 245,000.00 245,000.00 2.350% 244,757.45 maturity 04/30/19 none 04/29/20 Elbow Lake MN 284281 KC5 A local 170,045.70 170,045.70 165,000.00 2.750% 164,496.75 semi-annual 12/08/14 none 12/01/19 Cedar Rapids IA 150528RMI AA1 local 217,672.00 217,672.00 200,000.00 3.000%1 200,064.00 semi-annual 06/11/13 12/01/13 06/01/19 9,483,080.99 CD Description umbCuso Number Credit Rating/F DIC # Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Market Value Interest Paid Date Acquired Coupon Date Maturity) Due Date Multnomah Cnty OR Sch Dist 1J J _ Minneapolis MN _ _ Hampton VA Sioux City lA _ Waterloo IA Western Lake Superior MN Portsmouth VA _ Moorhead MN 6_25517JMO 60374YS81 AA1 AA1 AA1 AA2 _ AA2 local local local local 250,000.00 278,632.50 250,000.00 250,000.00 1.450% 3.500% 2.209% 2.000% 2.000% 3.150% 249,682.50 semi-annual semi-annual 08/10/17 02126/13 12115/17 none 06/15/19 278,632.50 100,836.00 156,100.50 50,559.50 250,000.00 100,000.00 251,252.50 99,624.00 12/01/19 4095582J1 829458FC7 100,836.00 semi-annual semi-annual 01120116 none 04/01/20 156,100.50 155,000.00 154,900.80 12/22116 none 06/01/19 941647PAl local 50,559.50 50,000.00 49,974.00 semi-annual 06/27113 08/16/11 12/01/13 06/01119 958522WU4 AA2 _AA2 AA3 local 100,000.00 100,000.00 100,000.00 100,218.00 semi-annual 04/01/12 10/01119 73723RSLB local local 286,268.00 286,268.00 295,000.00 2.400% 294,648.95 semi-annual 07/17/13 02/01/14 02/01/20 _ 6161412R7 108,820.00 108,820.00 100,000.00 3.800% 100,791.00 semi-annual 11/14/11 none 02/01/20 _ Palm Beach Cnty FLA 696497TR7 AAA local 87,444.75 87,444.75 75,000.00 5.898% 75,116.25 semi-annual 07/06/11 none 06/01/19 Tenn Val Auth Cpn Strip Zero Cpn Norwalk Conn Greensboro NC _ Mounds View MN ISO #621 Rothsay MN ISD #850_ Saint Paul MN Port Auth Woodbury MN _ Dallas TX lndpl Sch Dist _ Saint Paul MN Pod Auth Colorado Sl Hag & Fin Auth _ Fed Home Ln Mtg Corp Fed Home Ln Mtg Corp Med Term Note Fed Home Ln Bank Fed Farm Credit Bank _ Fed Home Ln Bank Fed Home Ln Bank 88059EWZ3 _ AAA _ AAA AAA_ AAA AAA AAA AAA local 262,890.00 262,890.00 122,464.80 366,832.80 246,875.00 208,640.25 201,806.00 123,037.35 300,000.00 120,000.00 299,088.00 maturity 12127/13 none 06/15/19 668844DS9 _ local local 122,464.80 4.050% 120,138.00 semi-annual 08/04/10 08/01/11 08/01/19 39546OV21 620637V70 366,832.80 360,000.00 3.263% 1.900% 3.000% 2.000% 3.250% 4.450% 2.000% 360,979.20 248,692.50 197,119.65 198,866.00 115,274.85 semi-annual 07/15111 none 10/01/19 local local 246,875.00 250,000.00 semi-annual 05/16118 none 02/01/20 778731AZ2 208,640.25 195,000.00 200,000.00 115,000.00 semi-annual 07/06/16 12/22/16 12/22/11 none 08/01/17 none 02/01/20 793028WS6 local 201,806.00 123,037.35 semi-annual 02101120 97913PC07 local semi-annual 02/01/20 235308QK2 AAA local 116,900.00 116,900.00 79,756.80 84,864.00 249,035.00 200,000.00 301,065.00 297,300.00 248,227.50 100,000.00 101,394.00 semi-annual 04/16/12 01/10/17 01/26118 07/07117 08/23/16 12/07117 08/15111 02/15/20 793067CC1 AAA local 79,756.80 80,000.00 79,448.00 semi-annual semi-annual semi-annual quarterly semi-annual semi-annual semi-annual semi-annual maturity semi-annual 09/01117 03/01120 196479A82 AA2 AAA AAA AAA _ AAA _ AAA AAA AAA AAA AAA _ AAA AAA AAA _ AAA AAA state US US US US US 84,864.00 85,000.00 250,000.00 1.875% 1.250% 1.050% 2.000% 1.160% 1.550% 1.125% 1.350% 1.300% 85,000.00 249,240.00 199,098.00 299,499.00 298,518.00 248,982.50 298,155.00 none 02/01/13 11/23/16 none none 05/01/19 08101/19 08123/19 09113119 09126119 10111119 10/11/19 3137EADK2 249,035.00 3134G96U6 313383VN8 200,000.00 301,065.00 297,300.00 248,227.50 294,603.00 200,000.00 300,000.00 3133EGVJ1 300,000.00 250,000.00 300,000.00 12/08/17 3130ACLS1 01/04/18 04/10/18 07/22/15 02109/18 04/11/18 10/11/16 313OA8NRO 76116FAA5 US 294,603.00 185,568.00 _ 9_8,570.00 199,600.00 RFCSP Strip Principal Zero Coupon US US 185,568.00 200,000.00 100,000.00 197,834.00 99,463.00 none 10/28/16 10/15/19 10/28/19 Fed Natl Mtg Assn _ _ _ Fed Farm Credit Bank 3135GOJ95 3133EGBKO 98,570.00 199,600.00 US 200,000.00 198,812.00 semi-annual maturity semi-annual semi-annual _ semi-annual 05125116 11/02/15 11/03/17 03/23/18 11/25/16 11/25119 Fed Home Ln Mtg Corp Zero Cpn Fed Farm Credit Bank 31340OBV4 US 950,527.00 950,527.00 1,000,000.00 1.330% 1.450% 1.500% 985,440.00 223,566.75 none 11/29/19 3133EGFR1 313381ND3 3137EAEE5 US 223,031.25 223,031.25 225,000.00 none 12/16/19 _ Fed Home Ln Bank US 147,300.00 147,300.00 297,912.00 99,500.00 294,390.00 150,000.00 149,028.00 none 01/09/20 _ Fed Home Ln Mtg Corp US 297,912.00 300,000.00 298,107.00 12/07/17 07/17117 01/17/20 Fed Home Ln Bank 313OA3XL3 US 99,500.00 100,000.00 1.500% 99,282.00 semi-annual 07/22/15 08/10115 02/10/20 Fed Home Ln Mfg Corp Mod Term Note 3134G9ML8 AAA US 294,390.00 300,000.00 1.300%1 297,078.00 semi-annual 12110/18 none 03116/20 17,171,953.19 Bank of America, NA 06051 VD37 3510 CD 245,000.00 245,000.00 245,000.00 2.850% 246,065.75 semi-annual 12/12/18 06112/19 06/12/20 Citizens Alliance Bank 17318LAP9 1402 CD 249,000.00 249,000.00 249,000.00 2.000% 248,422.32 monthly 08127/14 07/27/14 06126/20 Morgan Stanley Bank NA 61747M3Q2 32992 CD 245,000.00 245,000.00 245,000.00 2.750% 245,850.15 semi-annual 07/12/18 01112/19 07/13/20 Morgan Stanley Private Bank _ MUFG Union Bank NA 61760AMT3 34221_ 22826 CD CD 245,000.00 245,000.00 245,000.00 245,000.00 245,000.00 2.750% 2.600% 245,855.05 245,421.40 semi-annual semi-annual 07/12/18 07/17/18 07/14/18 01117/19 07113/20 07/17/20_ 624786CY3 245,000.00 Enerbank USA 29266NA31 57293 CD 249,000.00 249,000.00 249,000.00 2.100% 247,939.26 monthly 07/18/14 08/18114 07/20/20 3,461,768.95 local 85,000.00 state 4,142,103.2S US Less Than 1 Year Description umbCuso Number Credit Rating/F DIC # Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Market Value Interest Paid Date Acquired Coupon Date Maturity) Due Date NBT Bank Norwich _ 628779FT2 7230 CD 245,000.00 245,000.00 245,000.00 2.700% 245,717.85 semi-annual 07118/18 01118/19 07/20/20 _ First Republic Bank 336161381-3 59017 CD 245,000.00 245,000.00 245,000.00 2.800% 246,100.05 semi-annual 08/31/18 09/01/18 08/28/20 _ Merchants Stale Bank 589227AF4 1125 CD 245,000.00 245,000.00 245,000.00 2.650% 245,776.65 semi-annual 08/31/18 02/28/19 08/28/20 Wax Bk 92937CHY7 34697 CD 245,000.00 245,000.00 245,000.00 3.000% 246,888.95 semi-annual 10/10/18 04/10/19 10/13120 TIAA FSB Jacksonville FL 872701-6X0 34775 CD 245,000.00 245,000.00 245,000.00 2.400% 244,789.30 semi-annual 04/17/19 10/17/19 10/19/20 Cit Bank Nall Assn 12556LAT3 58978 CD 245,000.00 245,000.00 245,000.00 3.000% 247,089.85 semi-annual 12/17/18 06/17/19 12/17/20 Synovus Bank 87164DMW7 873 CD 245,000.00 245,000.00 245,000.00 2.400% 244,674.15 semi-annual 04117119 10/17/19 04116121 First Source Bank 33646CKP8 9087 CD 245,000.00 245,000.00 245,000.00 3.150% 248,618.65 semi-annual 12/17/18 06/17/19 11/17/21 Raymond James Bk 75472RAA9 33893 CD 245,000.00 245,000.00 245,000.00 2.950% 247,393.65 semi-annual 01/25119 07/25/19 01/25/22 Kaufman TX 486206KR5 A3 local 61,821.00 61,821.00 60,000.00 3.000% 60,036.60 semi-annual 06128/16 02/15/17 02/15123 Dunn County WI 265777HD7 AA local 115,752.10 115,752.10 115,000.00 3.000% 115,886.65 semi-annual 04/04/19 none 10101/20 Chaska MN 1616636S3 AA local 83,725.60 83,725.60 80,000.00 4.000%1 80,898.40 semi-annual 09/08/14 none 02/01/24 Steams Cc MN 857896MH4 AA+ local 276,875.00 276,875.00 250,000.00 4.500% 3.750% 250,422.50 semi-annual 04/17/13 none 06/01/20 Middleton WI 596782RX2 AA1 local 106,979.00 106,979.00 100,000.00 100,119.00 semi-annual 02/24/15 none 09/01/20 Bristol VA 110331NT8 AA1 local 251,562.50 251,562.50 250,000.00 3.002% 252,002.50 semi-annual 07/05/18 none 10/01/20 Des Moines IA Area Cmnty 1301 250097H21 AAI local 50,606.00 110,419.00 50,606.00 110,419.00 50,000.00 2.450% 49,792.50 semi-annual 11/10/14 12/01/14 none 06/01/21 Minneapolis MN 60374YG68 AA1 local 100,000.00 4.700% 100,203.00 semi-annual 10/31/11 03/01/23 Brunswick Cnty 117061VHI _ AA2_ local 108,967.10 108,967.10 110,000.00 1.740% 108,647.00 semi-annual 08/21115 none 05/01/20 Fon Du Lac Cnty WI 344442KK3 AA2 local 259,715.00 259,715.00 250,000.00 3.250% 251,302.50 semi-annual 03110117 none 03101121 Adams & Arapahoe Cntys CO 005482W83 AA2 local 117,817.50 117,817.50 115,000.00 3.930% 117,140.15 semi-annual 07/12118 none 12/01121 Alexandria MN ISD#206 015131LQ6 AA2 local local 279,760.50 235,428.00 279,760.50 270,000.00 240,000.00 3.000% 273,040.20 semi-annual 01/21/15 none 02/01/23 Bangor ME 0600954R4 AA2 235,428.00 2.850% 241,814.40 semi-annual 11/21/18 none 11/01/23 Whitewater Wls 966204KA6 AA3 local 109,541.00 109,541.00 100,000.00 4.850% 103,577.00 semi-annual 06/09/11 none 12/01/20 Georgetown MA 372838KG6 AA3 local 98,922.00 98,922.00 100,000.00 2.500% 99,229.00 semi-annual 02/20119 12/15/20 12/15/21 West Bend WI 9514288NO AA3 local 97,805.00 97,805.00 100,000.00 1.900% 98,210.00 semi-annual 01/11118 none 04/01/22 W Palm Beach FL 955116BE7 AA3 local 101,245.00 101,245.00 100,000.00 2.264% 97,158.00 semi-annual 07/05/16 10/01/16 10/01/22 Tenn Valley Auth Zero Cpn 88059EHD9 AAA local 263,970.00 263,970.00 300,000.00 292,524.00 maturity 03/11113 none 05/01/20 Salt Lake County UT 795676QL2 AAA local 368,212.50 368,212.50 375,000.00 1.800% 372,078.75 semi-annual 05/18/18 06/15/13 06/15/20 Tenn Val Aulh Cpn Strip Zero Cpn 88059EMX9 AAA local 88,133.00 88,133.00 100,000.00 97,014.00 maturity 03/18113 none 07/15/20 McAllen TX Dev Corp 579086AW9 AAA local 175,000.00 175,000.00 175,000.00 1.400% 172,455.50 semi-annual 07/26/16 02/15/17 08/15/20 Indianapolis Ind 45528UGF2 AAA local 251,507.50 251,507.50 250,000.00 2.219% 249,135.00 semi-annual 07/11117 07/15/13 01/15121 Mounds View MN ISD #621 620637V88 AAA local 378,408.80 378,408.80 385,000.00 2.050% 382,027.80 semi-annual 12120/18 none 02/01/21 Rochester MN 771588RH5 AAA local 254,532.50 254,532.50 250,000.00 3.750% 253,800.00 semi-annual 12/19/18 none 02/01/21 Greenway MN ISD #31 39678LDF6 _ AAA local 27,593.50 27,593.50 25,000.00 5.000% 25,000.00 semi-annual 07109/13 none 03115/21 Baltimore Cnty MD 05914FME7 AAA local 51,290.00 51,290.00 50,000.00 2.097% 49,326.00 semi-annual 08131116 none 08/01121 New York St Mtge Agy 64988RHGO AAA local 100,000.00 100,000.00 100,000.00 2.375% 99,516.00 semi-annual 10/27/15 04/01/16 10101/21 Columbus OH 199492CS6 AAA local 39,956.40 39,956.40 40,000.00 2.133% 39,766.00 semi-annual 02120/15 none 12101121 Outagamie Cnty Wl 689900898 AAA local 170,000.00 170,000.00 170,000.00 2.350% 169,177.20 semi-annual 11/07/17 05/01/18 11/01122 Savage Minn 80465PAN4 AAA local 198,018.00 198,018.00 200,000.00 4.800% 202,824.00 semi-annual 06/17/10 02/01/11 02/01/24 Connecticut State 20772JON5 At state 214,954.00 214,954.00 200,000.00 3.517% 203,516.00 semi-annual 05/27116 02/15/14 08/15121 Massachusetts State 57582P2T6 W state 199,744.00 199,744.00 200,000.00 2.090% 199,136.00 semi-annual 12/17/14 11/01/14 05/01120 Vermont State Hsg Fin Agy 92419RAE2 AA2 state 74,130.75 74,130.75 75,000.00 2.550%1 74,928.00 semi-annual 08128118 05/01/18 11/01121 3,696,603.03 CD 4,804,123.65 local Description NumbCusi Number Credit Rating/F DIC# Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Market Value Interest Paid Date Acquired Coupon Date Maturity) Due Date Florida St Hurricane 34074GDH4 AA3 stale 279,439.80 279,439.80 270,000.00 2.995% 271,198.80 semi-annual 11110/15 07/01/13 07/01/20 Minnesota Sl Colleges & Univ 60414FPJ3 AA3 state 100,000.00 100,000.00 100,000.00 2.000% 99,211.00 semi-annual 02/26/15 10/01115 10/01120 Florida St Dept Environmental 3416OWUAO AA3 state 217,800.00 217,800.00 200,000.00 6.206% 201,170.00 semi-annual 08/30/10 07/01/10 07/01/22 Tennessee State 880541QQ3 AAA state 48,218.85 48,218.85 45,000.00 3.178% 45,459.45 semi-annual 08/30/16 02101/12 08/01/20 Virginia State 928109XD4 AAA state 22,126.00 22,126.00 20,000.00 4.100% 20,023.00 semi-annual 02/07/12 none 06/01/21 Kentucky St Hsg Corp 49130TSHO AAA state 203,458.00 203,458.00 200,000.00 2.780% 200,404.00 semi-annual 03/29/17 none 07/01/21 Georgia State 3733842QB AAA state 204,444.00 204,444.00 200,000.00 2.780% 201,476.00 semi-annual 12/13/16 none 02101/23 Fed Home Ln Bank 3130AECJ7 AAA US 300,114.00 300,114.00 300,000.00 2.625% 300,804.00 semi-annual 07/12/18 11128/18 05128/20 Fed Farm Credit Bank 3133EHYM9 AAA US 294,735.00 294,735.00 300,000.00 1.500% 296,592.00 semi-annual 01117/19 03114118 09/14/20 Fed Home Ln Mtg Corp Mad Tenn Note 3134GBS78 AAA US 200.000.00 200,000.00 200,000.00 1.500% 2.680% 198,726.00 300,012.00 semi-annual semi-annual 10/27/17 07/12/18 04127118 11/02/18 10/27/20 11/02/20 Fed Farm Credit Bank 3133EJMX4 AAA US 299,475.00 299,475.00 299,193.00 300,000.00 300,000.00 Fed Home Ln Mtg Corp 3137EAEK1 AAA US 299,193.00 1.875% 298,020.00 semi-annual 12/07/17 05/17/18 11/17/20 Fed Farm Credit Bank _ _ _ Fed Nall Mtg Assn 3133EJPW3 AAA US 299,769.00 299,769.00 300,000.00 2.700% 301,731.00 semi-annual 05/21/18 06/21/18 12/21/20 3136G4JM6 AAA US 200,000.00 200,000.00 200,000.00 1.850% 198,392.00 semi-annual 12/28/16 06/28/17 12/28/20 Fed Home Ln Bank 3130ADF72 AAA US 249,525.00 249,525.00 296,718.75 250,000.00 300,000.00 2.250% 249,690.00 semi-annual 04/25/19 none 01/29/21 Fed Home Ln Bank 3130ADG48 AAA US 296,718.75 2.250% 298,662.00 semi-annual 07/10/18 07/29/18 01/29/21 Fed Home Ln Bank 3130ADME9 AAA US 297,516.00 297,516.00 300,000.00 2.375% 300,159.00 semi-annual 07/12/18 08108118 02/08/21 Fed Home Ln Mtg Corp Med Tenn Note 3134G8KU2 AAA US 246,407.50 246,407.50 250,000.00 1.250% 248,522.50 semi-annual 12/04/18 02126/19 02/26/21 Fed Farm Credit Bank Fed Fann Credit Bank 3133EHCNI 3133EFX36 AAA AAA US US 295,215.00 117,277.20 295,215.00 300,000.00 2.140% 298,956.00 semi-annual semi-annual semi-annual 07/10/18 01/17119 08/07/18 09/16/17 10/05/16 04/26118 03/16/21 04/05/21 04/26/21 117,277.20 120,000.00 1.680% 118,462.80 Fed Home Ln Mtg Corp Mad Term Note 3134GBP89 AAA US 292,425.00 292,425.00 300,000.00 1.850% 297,174.00 Fed Farm Credit Bank 3133EGAH8 AAA US 288,960.00 288,960.00 300,000.00 1.550% 295,368.00 semi-annual 10/10/18 11/17/16 05/17/21 Fed Home Ln Bank Fed Home Ln Bank 3130A7Z73 AAA US US 153,217.50 153,217.50 294,030.00 155,000.00 300,000.00 1.250% 153,809.60 semi-annual 12/18/18 11/25/16 05/25/21 313OA82B8 AAA 294,030.00 1.000% 299,250.00 semi-annual 07/17118 none 05/25/21 Fed Nat] Mtg Assn 3135GOU35 AAA US 300,249.00 300,249.00 300,000.00 2.750% 302,766.00 semi-annual 07/12118 12/22/18 06/22/21 Fed Home Ln Bank Fed Home Ln Bank 3130ABSR5 313OA8MNO AAA AAA US US 244,531.25 194,414.00 244,531.25 194,414.00 250,000.00 200,000.00 1.000% 1.625% 248,125.00 196,500.00 semi-annual semi-annual 07/10/18 01/25119 none none 07/27/21 10/07121 Fed Home Ln Mtg Corp Med Term Note 3134GAWP5 AAA US 245,875.00 245,875.00 250,000.00 1.900% 248,735.00 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% 300,126.00 semi-annual 07/02/18 12/28/18 06/28/22 Fed Home Ln Mtg Corp Med Term Note 3134GTGZO AAA US 300,000.00 300,000.00 300,000.00 2.500% 299,685.00 semi-annual 04/15/19 10/15/19 04/15/24 16,067,516.63 465452GP9 A Itasca County Minn local 105,024.00 105,024.00 100,000.00 5.550% 100,680.00 semi-annual 07/12/11 none 02/01/28 Mitchell SD Sch Dist W-2 606687EHO AA local 116,702.00 116,702.00 100,000.00 6.000% 100,404.00 semi-annual 12/20/11 06/15/19 06/15124 Ann Arbor Ml 035438CF5 AA1 local 262,025.00 262,025.00 250,000.00 5.750% 250,000.00 semi-annual 12/27117 05/01119 05/01/27 Milwaukee Cnty Wl 602245XHO AA2 local 254,142.50 254,142.50 250,000.00 5.100% 252,410.00 semi-annual 12/24/18 10/01/19 10/01/24 Duluth MN 264438ZL9 AA2 local 29,767.20 29,767.20 30,000.00 2.625% 29,487.60 semi-annual 12/05/12 08/01/13 02/01/25 South Milwaukee WI 838855ZV9 AA2 local 327,798.25 327,798.25 325,000.00 3.350% 330,729.75 semi-annual 01/25/19 04/01/19 10/01/26 Will County IL Cmnty Zero Coupon 969078QM9 AA2 local 159,000.00 159,000.00 500,000.00 360,760.00 maturity 08/25/09 none 11/01/27 Hawkins Cnly TN 420218PL7 AA3 local 111,480.00 111,480.00 100,000.00 4.800% 100,113.00 semi-annual 03/13/12 none 05/01/24 Lake City Minn ISD #813 508084DW7 AAA local 103,933.00 103,933.00 100,000.00 5.000°k 101,462.00 semi-annual 05/11/11 none 02/01/25 Tennessee Valley Auth Ser E 880591CJ9 AAA local 121,500.00 121,500.00 100,000.00 6.750%1 124,570.00 semi-annual 03/19/09 none 11/01125 1,516,522.25 state 6,050,267.90 US 1- 5 Years Description Number bo 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 Spl Sch Dist#1 Ice Deposit- National Sports Center 6037893UO none _AAA local local 268,815.00 250,000.00 268,815.00 300,000.00 1.150% 268,089.00 semi-annual 04/22/19 none 12/15/25 250,000.00 250,000.00 250,000.00 maturity 02/06/08 none 01/01/26 Fed Home Ln Bank Fed Farm Credit Bank 3130A8W33 AAA US 39,000.00 39,000.00 40,000.00 2.100% 38,388.80 semi-annual 07/27/17 08/22/17 08/22/25 31331VLCB AAA US 106,030.45 106,030.45 100,000.00 5.250% 119,069.00 semi-annual 02/26/10 none 04/21/28 W 2,426,163.15 Van Buren Mich Public Schools 920729HD5 I local 102.750.00 102,750.00 100,000.00 .4 .1 100,000.00 semi-annual 07/17/09 11I01I09 05/01/29 Anoka -Hennepin MN ISD#11 036303285 AAA local 323,613.50 323,613.50 350,000.00 2.550% 327,999.00 semi-annual 01/25/19 none 02/01/30 427,999.00 36,093,632.17 2,268,705.35 local 157,457.80 US 6 - 30 Years 427,999.00 local 10+ Years INVESTMENT SCHEDULE - Money Market Funds April 30, 2019 Description Current Market Value YTD Interest Wells Fargo I Wells Fargo Government Money Market Fund $27477,936.14 $16,180.52 4M 4M 1,027,143.091 7,288.07 4M PLUS 4M Plus 8,552-901 62.10 4M PLUS - CIP Bonds I 14M Plus - CIP Bonds 9,719,392.081 49,211.43 Grand Total Money Market Funds 1 $13,233,024.21 1 $72,742.12 Updated: 511512019