HomeMy WebLinkAboutWK - October 26, 20211685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
City Council Workshop
Tuesday, October 26, 2021
City Hall — Conference Rooms A & B
1. Call to Order — 6:00 p.m.
2. Discuss Draft Street Reconstruction Plan —Administration
3. 2022 Budget Development Discussion/Update —Administration
4. Receive September 2021 General Fund Progress Report —Administration
5. Receive September 2021 Community Center Progress Report - Administration
6. Other Topics
7. Adjournment
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
Review Street Reconstruction Plan
October 26, 2021
INTRODUCTION
Review the Street Reconstruction Plan (SRP) needed to issue General Obligation (G.O.) Street
Reconstruction Plan Bonds.
DISCUSSION
One of the requirements of issuing general obligation street reconstruction bonds is to have an
adopted SRP. A SRP is a document designed to anticipate street reconstruction and overlay
expenditures and schedule them over a five-year period so that they may be purchased in the most
efficient and cost-effective method possible. It's very similar to our capital improvement plan but
specific to roads.
Some of the particulars to a SRP are:
- The City must hold a public hearing,
- The City Council must approve the SRP and issuance of street reconstruction bonds by
a two-thirds majority vote of its membership present at the meeting following a public
hearing, and
A reverse referendum is allowable.
Also attached is the annual tax levy impact for the proposed G.O. Street Reconstruction Plan Bonds
and a chart showing the tax impact at various market values and levy changes.
ACTION REQUESTED
Receive a presentation and provide direction to staff.
Respectfully submitted,
Jim Dickinson
Attachment Street Reconstruction Plan
DEBT ISSUANCE& MANAGEMENT
0
November 3, 2021
Street Reconstruction Plan in connection with
Timber River Estates & Rolling Meadows
Estates; Oak Bluff; Chesterton Commons,
Cambridge Estates, Sophies Manor, Woodland
Oaks & Red Pine Fields
City of Andover, Minnesota
Prepared by:
City Staff
and
Ehlers
Todd Hagen, CIPMA
VP/Senior Municipal Advisor
Shelly Eldridge, CIPMA
VP/Senior Municipal Advisor
And
Keith Dahl
Financial Specialist
FREERS ' IBUILDING COMMUNITIES. IT'S WHAT WE DO.
nfoaehlers-Inc.com ��� 1 (800) 552-1171 www.ehlers-inc.com
Table of Contents
Page No.
Section I. Introduction 1
Section II. Purpose 1
Section III. The Street Reconstruction Planning Process 2
Section IV. Project Summary 3
Section V. Financing the Street Reconstruction Plan 4
Appendix A. Proposed Project Costs
Appendix B. Proposed SRP Bond Issue
Appendix C. Pre -Sale Schedule
Appendix D. Resolutions/Notice of Public Hearing
Five -Year Street Reconstruction Plan — 2022-2026 City of Andover, Minnesota
SECTION I:
Introduction
In 2002, the Minnesota State Legislature passed into law a bill which generally exempts city bonds
issued under a street reconstruction program from the referendum requirements usually required for
bonding expenditures. In 2013 the Legislature amended the law to allow bituminous overlays to be
included in the street reconstruction program. The authorization is contained in Minnesota Statutes,
Section 475.58, subdivision 3b (the "Act').
SECTION II:
Purpose
Street reconstruction or bituminous overlay is a major expenditure of city funds for the
reconstruction or overlay of streets. As defined in the Act, street reconstruction and bituminous
overlay may include utility replacement and relocation and other incidental costs, turn lanes and
other improvements having a substantial public safety function, realignments, other modifications to
intersect with state and county roads, and the local share of state and county road projects. Except in
the case of tum lanes, safety improvements, realignments, intersection modifications, and local share
of state and county road projects, street reconstruction does not include the portion of project costs
allocable to widening a street or adding curbs and gutters where none previously existed.
A Street Reconstruction Plan (SRP) is a document designed to anticipate street reconstruction and
overlay expenditures and schedule them over a five-year period so that they may be purchased in the
most efficient and cost-effective method possible. An SRP allows the matching of expenditures with
anticipated income. As potential expenditures are reviewed, the city considers the benefits, costs,
alternatives, and impact on operating expenditures.
The City of Andover, Minnesota (the "City") believes the street reconstruction and overlay process
is an important element of responsible fiscal management. Major capital expenditures can be
anticipated and coordinated to minimize potentially adverse financial impacts caused by the timing
and magnitude of capital outlays. This coordination of capital expenditures is important to the City
in achieving its goals of adequate physical assets and sound fiscal management. In these financially
difficult times good planning is essential for the wise use of limited financial resources.
The Street Reconstruction Plan is designed to be updated on an annual basis. In this manner, it
becomes an ongoing fiscal planning tool that continually anticipates future capital expenditures and
funding sources.
Ehlers I November 3, 2021
Five -Year Street Reconstruction Plan — 2022-2026 City of Andover, Minnesota
SECTION III:
The Street Reconstruction Planning Process
The City Council annually reviews its capital expenditures according to their priority, fiscal impact,
and available funding as part of its Street Reconstruction Plan (SRP) process. The City assembles
the specific capital expenditures to be undertaken within the next five years. The City Council
prepares a plan based on the available funding sources. From this information, a preliminary SRP is
prepared for public discussion from citizens and other governmental units. Changes are made based
on that input, and a final plan is established.
Over the life of the SRP, once the funding becomes available the individual capital expenditures can
be made as part of individual project approvals. In subsequent years, the process is repeated as
expenditures are completed and new needs arise.
If bonding is necessary, the City works with its municipal advisor to prepare a bond sale and
repayment schedule. Street reconstruction and overlay planning occurs separately from the SRP
process focusing specifically on street reconstruction and overlay projects to be financed with
general obligation street reconstruction bonds under provisions of the Act. The SRP is to describe
the identified street reconstruction and overlay projects to be financed, their estimated costs, and any
planned reconstruction or overlay of other streets in the City over the next five years.
For a city to use its authority under the Act to finance street reconstruction and bituminous overlay
expenditures with general obligation bonds, it must meet the requirements provided therein.
Specifically, the city must hold a public hearing for public input on an SRP. Notice of such hearing
must be published in the official newspaper of the city at least 10, but not more than 28 days prior to
the date of the public hearing. In addition, the council must approve the SRP and issuance of street
reconstruction bonds by a two-thirds majority vote of its membership present at the meeting
following a public hearing.
Although a referendum is not required, a reverse referendum is allowable. If a petition requesting a
vote on the issuance of bonds bearing the signatures of at least 5 percent of the votes cast in the last
municipal general election is filed with the municipal clerk within 30 days after the public hearing, a
referendum vote on the issuance of the bonds shall be required to authorize the issuance. If the
municipality elects not to submit the question to the voters, the municipality shall not propose the
issuance of bonds under the Act for the same purpose for a period of 365 days from the date of
receipt of the petition.
Ehlers I November 3, 2021 1 2
Five -Year Street Reconstruction Plan— 2022-2026 City of Andover, Minnesota
SECTION IV:
Project Summary
The expenditures to be undertaken with this Street Reconstruction Plan (SRP) are limited to those
listed in Appendix A. All other foreseeable capital expenditures within the City government will
come through other means. The following expenditures have been submitted for inclusion in this
SRP:
2022 through 2026 Expenditures
• To finance the construction of various bituminous mill/overlay and complete street
reconstruction projects to Timber River Estates & Rolling Meadows Estates; Oak Bluff;
Chesterton Commons, Cambridge Estates, Sophies Manor, Woodland Oaks & Red Pine
Fields in the City. The project goal is to provide long-term safety, capacity, and preservation
of infrastructure to meet the needs of the City of Andover.
Based on the current age and condition of the City's roads, it is recommended by the City Council
and City Engineer that a milUoverlay be planned for each street when the pavement is approximately
20 -years old. In addition, there are streets in the City that should be considered for complete
reconstruction during the planning period.
Any additional expenditures for 2022 through 2026 are not known at this time.
Ehlers I November 3, 2021 1 3
Capital Plan
City of Andover, MN
Project# 2249300-05
Project Name Annual Street Reconstruction
2022 thru 2026
Type Improvement Department Streets- Roadways
Useful Life 20 Years Contact DPW / CiryEngineer
Category Improvements Priority I -High
Description
The Street Reconstruction projects will consist of milling the existing street surface and constructing a new asphalt surface. Minor shouldering
and restoration work will be included with the project. In developments that have existing bituminous curb or no curb or ditch, concrete curb and
;utter will be constructed. 25% of the total project costs are assessed to the benefiting properties in each development. This program helps to
maintain the integrity and value of the community's street infrastructure.
to be reconstructed are listed below. The timing of reconstruction of developments more than two years out may be revised as street
ions and ratings are reviewed on an annual basis. Additional developments may be added to the schedule or projects moved up if it is
:ageous to reconstruct them in conjunction with other nearby projects
- Timber River Estates & Rolling Meadows Estates
- Oak Bluff
- Debra t at & 2nd Addition, 7th Ave Frontage Road, Andover West, Lunds Round Lake Estates, Indian Meadows 2nd Addition
- Xenia Street / Vintage Street / 161st Avenue
TBD
streets in these neighborhoods are generally in excess of 25 years old and are in need of rehabilitation. The intent of this program is to
ide the community with a high quality transportation system and maintain a constant upkeep of the City's street infrastructure.
Expenditures
Construction
Funding Sources
2022
2023
2024
2025
2026
Total
3,400,000
730,000
2,300,000
1,700,000
3,000,000
11,130,000
Total 3,400,000
730,000
2,300,000
1,700,000
3,000,000
11,130,000
2022 2023 2024 2025 2026 Total
Assessments 850,000 180,000 580,000
430,000
750,000
2,790,000
G.O. Bond 2,550,000 550,000
3,100,000
Road R Bridge Funds 1,720,000
1,270,000
2,250,000
5,240,000
Total 3,400,000 730,000 2,300,000
1,700,000
3,000,000
11,130,000
on of the streets will reduce the routine maintenance (crack sealing, pot hole patching, etc..) in the area. Long term, this
will prolong the structural stability of the roadway making for a longer serviceable life.
Capital Improvement Plan
Project Name: ANNUAL STREET RECONSTRUCTION
TIMBER RIVER ESTATES & ROLLING MEADOWS ESTATES
(2022)
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Capital Plan
City of Andover, MN
Project N 2249300-08
Project Name Street Mill & Overlay
Type Improvement
Useful Life 20 Years
Category Improvements
2022 thru 2026
Department Streets -Roadways
Contact DPW / City Engineer
Priority 1 -High
City of Andover has a street mill and overlay program to prolong the life of the City's roadway infrastructure. This program will include
ng an 1.5" off the existing pavement and overlaying approximately 1.5" of bituminous on roadways that are indentified as still structurally
.d, or have issues with wear course striping where this process would significantly extend the roadways life cycle. The Engineering
irtment and Public Works will identify roads that meet these criteria one year prior to the overlay project being constructed.
Chesterton Commons, Cambridge Estates, Sophies Manor, Wooldand Oaks & Red Pine Fields developments
To be determined based on road condition.
.en streets are designed, it is assumed that about 20 years into their life cycle an overlay is constructed to extend the useful life of the
ement. It is crucial that only roads that do not have major distresses are overlayed, as significant distresses will reflect through an overlay
effects would not be long lasting. An overlay on a structurally sound road can prolong it's useful life by 15 plus years.
2022 2023 2024 2025 2026 Total
Construction 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 10,000,000
Total 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 10,000,000
Funding Sources 2022 2023 2024 2025 2026 Total
Assessments 400,000 400,000 400,000 400,000 400,000 2,000,000
G.O. Bond 1,600,000 1,600,000 3,200,000
Road & Bridge Funds 1,600,000 1,600,000 1,600,000 4,800,000
Total 2,000,000 2,000,000 2,000,000 2,600,080 2,000,000 18,000,000
g a structurally sound road will prolong it's useful life a minimum of 15 years, and also reduce routine annual maintenance required
to an older roadway surface (pothole patching, crack sealing, etc.)
11Capital
Improvement1
Project Name:
STREET MILL& OVERLAY
CHESTERTON COMMONS, CAMBRIDGE ESTATES, SOPHIES MANOR, WOODLAND OAKS, & RED PINE
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Five -Year Street Reconstruction Flan— 2022-2026 City of Andover, Minnesota
SECTION V:
Financing the Street Reconstruction Plan
The total amount of requested expenditures under the Street Reconstruction Plan is $7,192,240. If
these expenditures are to be funded, that amount of money is anticipated to be generated through the
tax levy and the sale of $7,330,000 in bonds over the five-year period.
In the financing of the Street Reconstruction Plan, one statutory limitation applies. Under Chapter
475, with few exceptions, cities cannot incur debt more than 3% of the assessor's estimated market
value for the city. In the City the EMV is $3,685,960,800. Therefore, the total amount of
outstanding debt cannot exceed $110,578,824. As of November 3, 2021, the City had $10,955,000
subject to the legal debt limit.
Under the Street Reconstruction Plan, the City will secure $7,330,000 in general obligation bonds in
the years 2022 through 2026 to finance the construction of various bituminous mill/overlay and
complete street reconstruction projects in the City. The project goal is to provide long-term safety,
capacity, and preservation improvements to accommodate the needs of the City of Andover. The
general obligation bond issue will be repaid over an 8 -year period. The par amount of the issue is
based on the amounts listed in Appendix A plus estimated issuance costs. The proposed general
obligation street reconstruction bonds (including issuance costs) are shown in Appendix B. The City
reserves the right to delay reconstruction projects until subsequent years of this Plan and postpone
the issuance of Bonds in more than one series, so long as the Bonds so issued do not exceed
$7,500,000.
Continuation of the Street Reconstruction Plan
This Street Reconstruction Plan should be reviewed annually by the City Council using the process
outlined in this Plan. It should review proposed expenditures, make priority decisions, and seek
funding for those expenditures it deems necessary for the City. If deemed appropriate, the Council
should prepare an update to this Plan.
To stay within the City's statutory debt limit described in this Street Reconstruction Plan, it might be
that some of the road work may need to be issued under Minnesota Statutes, Sections 469.1812
through 469.1815, which would allow the issuance of tax abatement bonds without an election and
are not subject to net debt. If the City later plans to issue tax abatement bonds, the City would need
to hold a separate public hearing and make the following findings by resolution:
a) The Council expects the benefits to the City of the abatement to at least equal or exceed the
costs to the City thereof.
b) Granting the abatement is in the public interest because it will provide financing necessary to
prevent further deterioration of streets in the City.
c) The property will not be in a tax increment financing district for the period that the
abatement is in effect.
d) In any year, the total amount of property taxes abated by the City by this and other abatement
resolutions, if any, does not exceed ten percent (10%) of net tax capacity of the City for the
taxes payable year to which the abatement applies or $200,000, whichever is greater.
Ehlers I November 3. 2021 1
Five -Year Street Reconstruction Plan — 2022-2026 City of Andover, Minnesota
Appendix A
Proposed Project Costs
The Capital Expenditure of approximately $7,192,240 is to be funded by bond
proceeds to finance the construction of various bituminous mill/overlay and complete
street reconstruction projects in the City. The project goal is to provide long-term
safety, capacity, and preservation of infrastructure to meet the needs of the City of
Andover.
Ehlers I November 3, 2021 1 A-1
Five -Year Street Reconstruction Plan — 2022-2026 City of Andover, Minnesota
Appendix B
Proposed SRP Bond Issue
City of Andover, Minnesota
$7,960,000 General Obligation Bonds Series 2021A
Issue Summary - Levy Contraint Option
Assumes Current Market BQ AA+ Rates plus 20bps
Total Issue Sources And Uses
Dated 12128120211 Delivered 12128/2021
Sources Of Funds
Par Amowt of Bonds
Issuer Equity eontnbution (2021 tax collect)
Total Sources
Uses Of Funds
Total Underwritet's Discount (1.000%)
Costs of Issuance
Deposit to Project Fwd
Total Uses
Street
Reconstruction
$7,330,000.00
$7,330,000.00
73,300.00
64,459.79
7,192,240.21
$7,330,000.00
Issue
Equipment Summary
$630,000.00
$7,960,000.00
170,000.00
170,000.00
$800,000.00
$8,130,000.00
6,300.00 79,600.00
5,540.21 70,000.00
788,159.79 7,980,400.00
$800,000.00 $8,130,000.00
Ehlers I November 3, 2021 1
A-2
Five -Year Street Reconstruction Plan -2022-2026 City of Andover, Minnesota
City of Andover, Minnesota
$7,330,000 General Obligation Bonds Series 2021A
Street Reconstruction
Debt Service Schedule
Date
Principal
Coupon
Interest
Total P+I
Fiscal Total
12282021
-
-
-
-
-
08/012022
-
-
29,146.98
29,146.98
-
02/012023
895,000.00
0.400%
24,631.25
919,631.25
948,778.23
08/012023
-
-
22,841.25
22,841.25
-
02/012024
905,000.00
0.450%
22,841.25
927,841.25
950,682.50
08/012024
-
-
20,805.00
20,805.00
-
02/012025
910,000.00
0.450%
20,805.00
930,805.00
951,610.00
08/012025
-
-
18,757.50
18,757.50
-
02/012026
910,000.00
0.550%
18,757.50
928,757.50
947,515.00
08/012026
-
16,255.00
16,255.00
02/012027
915,000 00
0.700%
16,255.00
931,255 00
947,510.00
08/012027
-
-
13,052.50
13,052.50
-
02/01/2028
925,000.00
0.800%
13,052.50
938,052.50
951,105.00
08/012028
-
-
9,352.50
9,352.50
-
02/012029
930,000.00
0.950%
9,352.50
939,352.50
948,705.00
08/012029
-
-
4,935.00
4,935.00
-
02/012030
940,000.00
1.050%
4,935.00
944,935.00
949,870.00
Total $7,330,000.00
- $265,775.73 $7,595,775.73 -
Yield Statistics
Bond Year Dollars
$33,901.92
Average Life
_.. __ _-- ___..— 4.625 Years
Average Coupon
.._...__ ............. o
0.7839549/0
Net Interest Cost (NIC)
1.0001668%
True Interest Cost MC)
_ __.
1.0048443
Bond Yield for Arbitrage Purposes
0.7683941%
All Inclusive Cost (AIC)
1.2031374%
Ehlers i November 3, 2021 1 A-3
Five -Year Sireel Reconstruction Plan— 2022.2026 City of Andover, Minnesota
City of Andover, Minnesota
$7,330,000 General Obligation Bonds Series 2021A
Street Reconstruction
Debt Service Schedule
Total $7,330,000.00 - $265,775.73 $7,595,775.73 $7,975,564.52
Dates
Dated 1228202/
First Coupon Date 8/012022
Yield Statistics
Bond Year Dollars
Average Life
Average Coupon
Net Interest Cost (NIC)
True Interest Cost MC)
Bond Yield for Arbitrage Purposes
All Inclusive Cost (A1C)
$33,901.92
4.625 Years
0.7839549%
1,0001668%
1.0048443%
0.7683941%
2031374%
Ehlers I November3,2021 I A-4
105°
Date
Principal
Coupon
Interest
Total P+I
Overlevy
02/012022
-
-
_
-
02/012023
895,000.00
0.400%
53,778.23
948,778.23
996,217.14
02/012024
905,000.00
0.450%
45,682.50
950,682.50
998,216.63
02/012025
910,000.00
0.450%
41,610.00
951,610.00
999,190.50
02/012026_
910,000.00
0.550%
37,515.00
947,515.00
994,890.75
02/012027
915,000.00
0.700%
32,510.00
947,510.00
994,885.50
02/012028
925,000.00
0.800%
26,105.00
951,105.00
998,660.25
02/012029
930,000.00
0.950%
18,705.00
948,705.00
996,14025
02/012030
940,000.00
1.050%
9,870.00
949,870.00
997,363.50
Total $7,330,000.00 - $265,775.73 $7,595,775.73 $7,975,564.52
Dates
Dated 1228202/
First Coupon Date 8/012022
Yield Statistics
Bond Year Dollars
Average Life
Average Coupon
Net Interest Cost (NIC)
True Interest Cost MC)
Bond Yield for Arbitrage Purposes
All Inclusive Cost (A1C)
$33,901.92
4.625 Years
0.7839549%
1,0001668%
1.0048443%
0.7683941%
2031374%
Ehlers I November3,2021 I A-4
Five -Year Street Reconstruction Plan — 2022.2026 City of Andover Minnesota
Appendix C
Pre -Sale Schedule dated November 3, 2021
For the Sale of G.O. Street Reconstruction Plan Bonds
The City Council must take the following actions before Bonds can be issued:
• City Council directs preparation of a 5 -Year Street Reconstruction Plan.
• City Council conducts a Public Hearing on issuance of Bonds and Street Reconstruction
Plan.
• City Council approves Bonds and Street Reconstruction Plan by at least a 2/3rds vote of the
governing body membership.
The table below lists the steps in the issuing process:
10/19
City Council provides for sale of Bonds and calls for Public Hearing on issuance of Bonds
and on Street Reconstruction Plan.
10/20 @ 12p
Close date to get Notice of Public Hearing on issuance of Bonds and on Street Reconstruction
Plan to official newspaper for publication.
10/22
Publish Notice of Public Hearing on issuance of Bonds and on Street Reconstruction Plan
(publication no more than 28 days and no less than 10 days prior to hearing date).
11/3 @7p
City Council holds Public Hearing on Bonds and on Street Reconstruction Plan and adopts
Resolution giving preliminary approval for their issuance and approving Street
Reconstruction Plan by unanimous vote of its membership present.
Week of 11/22
Due Diligence call with Ehlers/Conference call with Standard & Poor's.
11/25
Ehlers prints Official Statement.
12/3
Reverse referendum period ends within 30 days of the public hearing).
12/7
City Council accepts offer for Bonds and adopts Resolution -Approving sale of Bonds.
12/28
Tentative closing/receipt of funds.
Net Debt Limit
Assessor's Estimated Market Value* 3,685,960,800
Multiply by 3% 0.03
Statutory Debt Limit 110,578,824
Less: Debt Paid Solely from Taxes (18,915,000)
Unused Debt Limit 91,663,824
*These values are for Final Pay 2021
Ehlers I November 3, 2021 1 B-1
Five -Year Street Reconstruction Plan — 2022-2026 City of Andover, Minnesota
Appendix D
EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF ANDOVER, MINNESOTA
HELD: October 19, 2021
Pursuant to due call and notice thereof, a regular meeting of the City Council of City of
Andover, Minnesota, was duly called and held at the Andover City Hall on Tuesday the 19th day of
October, 2021 at 7:00 p.m. for the purpose, in part, of calling a public hearing on the intention to
issue general obligation street reconstruction plan bonds and the proposal to adopt a street
reconstruction plan therefor.
The following members were present:
and the following were absent:
Member
adoption:
introduced the following resolution and moved its
RESOLUTION CALLING PUBLIC HEARING ON
THE INTENSION TO ISSUE GENERAL OBLIGATION STREET
RECONSTRUCTION PLAN BONDS AND THE PROPOSAL TO
ADOPT A STREET RECONSTRUCTION PLAN THEREFOR
A. WHEREAS, pursuant to Minnesota Statutes, Section 475.58, Subdivision 3b the City
of Andover, Minnesota (the "City") may issue bonds to finance capital expenditures under its street
reconstruction plan over a period of five years (the "Plan") without an election provided that, among
other things, prior to issuing the bonds the City adopts the Plan after a public hearing thereon and
publishes a notice of its intention to issue the bonds and the date and time of a hearing to obtain
public comment on the matter; and
B. WHEREAS, the City Council will hold a public hearing on its intention to
issue general obligation street reconstruction plan bonds in one or more series from time to time (the
"Bonds") and to adopt the Plan therefor pursuant thereto on November 3, 2021; and
NOW, THEREFOR, BE IT RESOLVED by the City Council of the City of Andover,
Minnesota, that the City Council hereby calls for a public hearing on its intent to issue the Bonds and
to adopt the Plan therefor, such hearing to be held on the date and time set forth in Exhibit A
attached hereto. The City Council is hereby directed to cause the notice to be published at least 10
but not more than 28 days before the hearing in the official newspaper of the City or a newspaper of
general circulation in the City.
Ehlers I November3,2021 I C-1
Five -Year Street Reconstruction Plan — 2022-2026 City of Andover, Minnesota
The motion for the adoption of the foregoing resolution was duly seconded by member
and, after full discussion thereof and upon a vote being taken thereon, the
following voted in favor thereof:
and the following voted the same:
Whereupon said resolution was declared duly passed and adopted.
Ehlers I November3,2021 I C-2
Five -Year Street Reconstruction Plan -2022-2026 City of Andover, Minnesota
STATE OF MINNESOTA
COUNTY OF ANOKA
CITY OF ANDOVER
I, the undersigned, being duly qualified and acting Administrator of the City of Andover,
Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing extract of
minutes with the original thereof on file in my office, and that the same is a full, true and complete
transcript of the minutes of a meeting of the City Council of said City, duly called and held on the
date therein indicated, insofar as such minutes relate to the City Council calling a public hearing on
the intension to issue general obligation street reconstruction plan bonds and proposal to adopt a
street reconstruction plan therefor.
WITNESS my hand on this 19th day of October, 2021.
City Administrator
Ehlers I November3,2021 I C-3
Five -Year Street Reconstruction Plan -2022-2026 City of Andover, Minnesota
EXHIBIT A
CITY OF ANDOVER, MINNESOTA
NOTICE OF PUBLIC HEARING
ON INTENTION TO ISSUE
GENERAL OBLIGATION STREET RECONSTRUCTION PLAN BONDS
AND PROPOSAL TO ADOPT A STREET
RECONSTRUCTION PLAN THEREFOR
NOTICE IS HEREBY GIVEN that the City Council of the City of Andover, Minnesota (the
"City") will meet on Wednesday, November 3, 2021, at 7:00 p.m., at the Andover City Hall, 1685
Crosstown Boulevard Northwest in Andover, Minnesota [and by electronic means], in part to hold a
public hearing concerning (1) the proposal to adopt a Street Reconstruction Plan pursuant to Minnesota
Statutes, Section 475.58, Subdivision 3b; and (2) the proposed issuance of general obligation bonds (the
"Bonds"). The Bonds will be in an amount not to exceed $7,500,000 and will be used for the
reconstruction of certain streets in the City.
If a petition requesting a vote on the issuance of the Bonds, signed by voters equal to
five percent of the votes cast in the City in the last municipal general election, is filed with the City
Administrator within 30 days after the public hearing (i.e., by December 3, 2021), the City may issue
the Bonds only after obtaining approval of a majority of voters voting on the question at an election.
A copy of the plan is available for inspection in the City Administrator's Office, City Hall, 1685
Crosstown Boulevard Northwest, Andover, Minnesota 55304-2612. Questions or comments may be
directed to the City Administrator's Office at 763-755-5100.
All interested persons may appear and be heard at the public hearing either orally or in
writing [or via electronic means as posted on the agenda on the City's website] or may file written
comments with the City Administrator before the hearing.
Dated: October 19, 2021
[Submit October 20; Publish October 221
BY ORDER OF THE CITY COUNCIL OF
THE CITY OF ANDOVER, MINNESOTA
/s/Jim Dickinson
City Administrator
City of Andover, Minnesota
Ehlers I November 3, 2021 1 C-4
Five -Year Street Reconstruction Plan — 2022-2026 City of Andover, Minnesota
EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF ANDOVER, MINNESOTA
HELD: November 3, 2021
Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of
Andover, Minnesota, was duly called and held at the Andover City Hall on Wednesday the 3rd day
of November, 2021 at 7:00 p.m. for the purpose, in part, of giving preliminary approval for the
issuance of the City's general obligation street reconstruction plan bonds and adopting the City's
street reconstruction plan.
The following members were present:
and the following were absent:
Member introduced the following resolution and moved its adoption:
RESOLUTION GIVING PRELIMINARY APPROVAL
FOR THE ISSUANCE OF THE CITY'S GENERAL OBLIGATION
STREET RECONSTRUCTION PLAN BONDS IN AN AMOUNT
NOT TO EXCEED $7,500,000 AND
ADOPTING THE CITY OF ANDOVER, MINNESOTA STREET
RECONSTRUCTION PLAN THEREFOR
A. WHEREAS, the City Council of the City of Andover, Minnesota (the "City")
proposes to issue its general obligation street reconstruction plan bonds in one or more series from
time to time (the "Bonds") and adopt the City of Andover, Minnesota Street Reconstruction Plan of
2022 through 2026 for the reconstruction of certain streets in the City (the "Plan"); and
B. WHEREAS, the City has caused notice of the public hearing on the intention to issue
the Bonds and on the proposed adoption of the Plan to be published pursuant to and in accordance
with Minnesota Statutes, Section 475.58, Subdivision 3b; and
C. WHEREAS, a public hearing on the intention to issue the Bonds and on the proposed
Plan has been held on this date, following published notice of the hearing as required by law; and
NOW, THEREFOR, BE IT RESOLVED by the City Council of the City of Andover,
Minnesota, that the City hereby gives preliminary approval for the issuance of up to $7,500,000
aggregate principal amount of the Bonds. The Plan is hereby adopted, the same being before the
City Council and made a part of these proceedings by reference. The City declares its official intent
to reimburse itself for the costs of the Plan from the proceeds of the Bonds.
Ehlers I November 3, 2021 I C-5
Five -Year Street Reconstruction Plan — 2022-2026 City of Andover, Minnesota
The motion for the adoption of the foregoing resolution was duly seconded by Member
and, after full discussion thereof and upon a vote being taken thereon, the
following voted in favor thereof -
and the following voted against the same:
Whereupon said resolution was declared duly passed and adopted.
Ehlers I November 3, 2021 1 C-6
Five -Year Street Reconstruction Plan — 2022-2026 City of Andover, Minnesota
STATE OF MINNESOTA
COUNTY OF ANOKA
CITY OF ANDOVER
I, the undersigned, being duly qualified and acting Administrator of the City of Andover,
Minnesota, DO HEREBY CERTIFY that I have carefully compared the attached and foregoing
extract of minutes with the original minutes of a meeting of the City Council of said City, duly
called and held on the date therein indicated, which are on file and of record in my office, and the
same is a full, true and complete transcript therefrom insofar as the same relates to a resolution
giving preliminary approval for the issuance of the City's general obligation street reconstruction
plan bonds and adopting the City's street reconstruction plan therefor.
WITNESS my hand this 3rd day of November, 2021.
City Administrator
[Bonds must be approved by at least two-thirds of the members.]
[Issuance of Bonds is subject to a 30 -day reverse referendum after the public hearing.]
Ehlers I November 3, 2021 1 C-7
CITY OF ANDOVER
2022 Street Needs Funding Scenario
Net Bond Proceeds
$ 7,000,000
Est Assessments (20%)
$ 1,400,000
Yrs 2023 - 2029
($200,000 per yr
for 7 yrs)
Annual Debt Service
$ 1,000,000
Yrs 2022 - 2029
PIR Fund Balance
$ 1,200,000
requires a 4/5th's
vote
Annual Debt Service Levy Calc
2022
2023
2024
2025
2026
2027
2028
2029
Debt Service
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
8,000,000
PIR Fund
(400,000)
(200,000)
(150,000)
(150,000)
(100,000)
(100,000)
(50,000)
(50,000)
(1,200,000)
Assessments
-
(200,000)
(200,000)
(200,000)
(200,000)
(200,000)
(200,000
(200,000)
(1,400,000)
Tax Levy
600,000
600,000
650,000
650,000
700,000
700,000
750,000
750,000
5,400,000
CITY OF ANDOVER
Potential Annual Property Tax Increase - 2022
Market Current
Value City Tax $1.0m $1.25M $1.5M $1.75M $2.OM $2.25M $2.5M
$
250,000
$
843.36
$
65.32
$
81.81
$
98.30
$
114.69b$3
$
147.46
$
163.84
$
300,000
$
1,038.73
$
80.45
$
100.76
$
121.07
$
141.25
$
181.61
$
201.79
$
350,000
$
1,234.10
$
95.58
$
119.72
$
143.85
$
167.83
$
215.78
$
239.75
$
400,000
$
1,429.47
$
110.71
$
138.67
$
166.62
$
194.39
$
249.93
$
277.70
$
450,000
$
1,613.16
$
124.94
$
156.49
$
188.03
$
219.37
$
282.05
$
313.38
$
500,000
$
1,792.40
$
138.82
$
173.87
$
208.92
$
243.74
$
313.38
$
348.20
$
550,000
$
2,016.45
$
156.18
$
195.61
$
235.04
$
274.21
$
352.56
$
391.73
$
600,000
$
2,240.50
$
173.53
$
217.34
$
261.15
$
304.68
$
348.20
$
391.73
$
435.25
$
650,000
$
2,464.55
$
190.88
$
239.08
$
287.27
$
335.15
$
383.02
$
430.90
$
478.78
$
700,000
$
2,688.60
$
208.23
$
260.81
$
313.38
$
365.61
$
417.84
$
470.08
$
522.31
$
750,000
$
2,912.65
$
225.59
$
282.55
$
339.50
$
396.08
$
452.66
$
509.25
$
565.83
Annual Levy $ 600,000
$ 1,500,000
$ 250,000 $ 39.18 $ 98.30
8 yrs 5 yrs
$ 313.44 $ 491.50
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: 2022 Budget Development Discussion
DATE: September 28, 2021
INTRODUCTION
The Council has had several reviews of the 2022 Proposed General Fund Budget that will be supported by the 2022
Tax Levy. The Council did adopt at the September 7th regular Council meeting a Preliminary 2022 Property
Tax Levy & General Fund Budget. The Preliminary 2022 Budget proposes a total property tax levy of
$16,107,254: $10,153,370 (63.04%) operational levy, $3,751,062 (23.29%) debt service levy, and $2,202,822
(13.67%) other levies.
The 2022 Proposed Property Tax Levy is estimated to increase the current City tax rate by 3.86%. That rate
will be applied to the City's growing tax base and will reflect an 8.00% increase in the gross tax levy. The
focus of the 2022 Budget and Levy is an infusion of funds into the mill and overlay program and a
commitment to public safety. The Council has the right to reduce or keep constant this levy until the final
certification date of December 28, 2021.
City Administration will provide the following updates at the meeting:
1. General Fund — Updated 2021 Estimates
2. General Fund — 2022 Proposed Budget Updates relating to Employee Benefits Program
3. Fire Department - Duty Crew Enhancements
ACTION REQUESTED
The Council is requested to receive a presentation and provide direction to staff.
Respectfully submitted,
Jim 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: Receive September 2021 General Fund Budget Progress Report
DATE: October 26, 2021
INTRODUCTION
Monthly reporting of the City Budget progress to the Governing body is a recommended financial
practice and often viewed positively by rating agencies.
The City of Andover 2021 General Fund Amended Budget contains total revenues of $12,079,308
and total expenditures of $13,541,212 (reflects an increase of $183,076 that is carried forward from
2020 and the operating transfer of $750,000 to the Road and Bridge Capital Projects Fund).
Please note the 2020 Budget includes a $1,000,000 amendment for a transfer to the Road & Bridge
Fund. A decrease in the General Fund fund balance is planned with the 2021 Budget.
DISCUSSION
Attached is the General Fund Revenue & Expenditure Budget Summary - Budget Year 2021,
reflecting year to date actual through September 2021.
The following represents Administration's directives and departmental expectations for 2021:
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
Review and receive the September 2021 General Fund Budget Progress Report.
Respectfully submitted,
Jim Dickinson
Attachment
CITY OF ANDOVER
General Fund Budget Summary Totals
Budget Year 2021
2020
2021
REVENUES
Budget
Sep YTD
% Bud
Audit
Budget
Sep YTD
% Bud
General Property Tax
$
9,392,032
$
4,738,982
50%
$
9,303,234
$
9,594,493
$
4,989,128
52%
Licenses and Permits
410,900
654,068
159%
892,279
436,450
624,736
143%
Intergovernmental
839,694
473,441
56%
861,179
819,874
432,188
53%
Charges for Services
736,210
842,279
114%
1,070,899
752,360
722,524
96%
Fines
75,250
32,388
43%
47,630
50,250
38,245
76%
Investment Income
75,000
34,091
45%
148,974
75,000
28,569
38%
Miscellaneous
133,850
140,095
105%
172,062
138,850
127,287
92%
Transfers In
190,688
190,688
100%
190,688
212,031
212,031
100%
Total Revenues
S
11,853,624
S
7,106,032
60%
S
12 686 945
S
12,079,308
S
7174 708
59
2020
2021
EXPENDITURES
Budget
Sep YTD
%Bud
Audit
Budget
Sep YTD
%Bud
GENERAL GOVERNMENT
Mayor and Council
$
108,315
$
72,467
67%
$
95,519
$
108,015
$
77,118
71%
Administration
227,334
129,994
57%
187,757
236,244
159,542
68%
Newsletter
25,000
16,465
66%
22,156
25,000
17,199
69%
Human Resources
34,100
15,509
45%
16,180
35,202
18,983
54%
Attorney
200,941
130,361
65%
195,721
206,941
133,302
64%
City Clerk
170,000
120,411
71%
166,221
176,206
125,085
71%
Elections
99,182
51,273
52%
91,643
74,212
15,967
22%
Finance
308,356
227,420
74%
294,502
320,768
243,235
76%
Assessing
159,000
154,483
97%
154,483
161,000
128,829
80%
Information Services
194,725
138,355
71%
187,703
213,738
136,602
64%
Planning & Zoning
490,296
321,180
66%
453,133
504,204
346,439
69%
Engineering
605,481
418,953
69%
566,224
631,401
425,185
67%
Facility Management
640,134
340,211
53%
475,086
738,197
389,088
53%
Total General Gov
3,262,864
2137 082
65%
2,906 328
394319128
292169574
65%
PUBLICSAFETY
Police Protection
3,245,518
2,434,138
75%
3,114,623
392879046
2,465,285
75%
Fire Protection
1,522,370
867,843
57%
1,508,852
1,5939602
1,029,727
65%
Protective Inspection
507,910
372,119
73%
519,183
533,561
361,647
68%
Civil Defense
29,936
13,766
46%
17,227
26,844
109586
39%
Animal Control
5,950
1,160
19%
2,347
5,950
2,667
45%
Total Public Safety
59311,684
3,6899026
69%
5,162,232
5,447,003
3,869,912
712d
PUBLIC WORKS
Streets and Highways
733,070
493,882
67%
686,979
788,241
568,339
72%
Snow and Ice Removal
631,937
3559069
56%
4969668
675,888
335,840
50%
Street Signs
235,124
160,317
68%
257,280
240,842
144,888
60%
Traffic Signals
40,000
149555
36%
23,044
40,000
24,866
62%
Street Lighting
40,400
22,188
55%
34,211
40,400
24,445
61%
Street Lights - Billed
180,500
99,163
55%
152,181
180,500
104,904
58%
Park & Recreation
1,472,590
1,061,590
72%
1,426,232
1,600,640
1,123,459
70%
Natural Resource Preservation
11,716
3,632
31%
9,821
16,883
59260
31%
Recycling
193,971
135,631
70%
228,124
233,759
180,800
77%
Total Public Works
3,539,308
2,346,027
66%
3,314,540
3,817,153
2,512,801
66%
OTHER
Miscellaneous
1,056,828
1,001,883
95%
1,003,778
806,828
754,459
94%
Youth Services
39,100
9,000
23%
9,000
39,100
9,000
23%
Total Other
1,095,928
1,010,883
92 %
1,012,778
845,928
763,459
90%
Total Expenditures
$
13,209,784
S
9,183,018
70%
S
12,395,878
$
13,5419212
$
9,362,746
69%
NET INCREASE (DECREASE)
S
(1,356,160)
S
(2,0769986)
$
291,067
S
(1,461,904)
S
(2,188,038)
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
0
Receive September 2021 Andover Community Center Budget Progress Report
October 26, 2021
INTRODUCTION
Attached for Council review is the Andover Community Center (ACC) Budget Summary Report
for Budget Year 2021. The report reflects activity through September 2021, comparative data with
September 2020 and audit data reflecting the entire year of 2020.
As the Council well knows, the year 2020 was a difficult year, in part because of the expansion
construction, but heavily with imposed COVID restrictions shutting down the entire facility mid-
March of 2020 and then finally being allowed to reopen in a restricted capacity early January 2021.
The ACC has now been operating for nine months since the reopening, thus making the current
year (2021) activities difficult to compare with only the first three months of 2020 containing full
operations. Now reporting September 2021, comparative data with 2020 is difficult to compare
due to the State imposed 2020 COVID shutdowns of the facility.
Also provided is an ACC historical perspective of actual costs dating back to 2015. This is the
reporting previously provided to the ACC Advisory Commission. This report also provides history
on debt service payments and the property tax levy assigned to debt and operation.
ACTION REQUESTED
Administration will review the staff report and discuss the attached reports with the Council at the
Workshop.
Respectfully submitted,
Jim Dickinson
Ir�F. $T1 T-
CITY OF ANDOVER
Community Center Budget Summary Totals
Budget Year 2021
2020 2021
REVENUES Budget Sep YTD % Bud Audit Budget Sep YTD % Bud
Charges for services
Ice Rental
$ 470,300
$ 187,124
40%
$ 361,796
$ 668,000
$ 500,885
75%
Turf Rental
-
-
n/a
-
70,000
3,782
5%
Track
-
-
Na
301
-
2,492
n/a
Fieldhouse Rental
218,000
96,512
44%
133,126
270,000
156,819
58%
Proshop
12,000
3,125
26%
4,394
15,000
4,970
33%
Vending
13,000
4,945
38%
6,148
16,000
4,552
28%
Advertising
39,000
8,000
21%
8,000
50,000
74,113
148%
Total Charges for services
752,300
299,706
40%
513,765
1,089,000
747,613
69%
Miscellaneous
140,000
67,711
48%
110,781
140,000
72,634
52%
Total revenues
892,300
367,417
41%
624,546
1,229,000
820,247
67%
2020
2021
EXPENDITURES
Budget
Sep YTD
%Bud
Audit
Budget
Sep YTD
%Bud
Current:
Salaries & benefits
629,296
352,051
56%
503,842
757,753
445,838
59%
Departmental
79,100
43,192
55%
74,809
105,100
52,271
50%
Operating
486,075
195,951
40%
345,588
635,197
316,878
50%
Professional services
121,000
26,064
22%
129,261
154,375
43,892
28%
Capital outlay
130,000
130,500
100%
100,000
n/a
Current 1,445,471 747,758 52% 1,153,500 1,652,425 858,879 52%
Revenue over (under) expense (553,171) (380,341) 69% (528,954) (423,425) (38,632) 9%
Other financing sources(uses)
General Property Tax Levy
-
-
n/a
-
155,000
81,219
52%
Investment income
-
2,399
n/a
6,793
-
628
n/a
Rental / Lease Pymt
638,000
635,355
100%
635,629
638,000
634,375
99%
Transfers out
(300,000)
(300,000)
100%
(300,000)
(300,000)
(300,000)
100%
Total financing sources (uses)
338,000
337,754
100%
342,422
493,000
416,222
84%
;t increase (decrease) in
fund balance
CITY OF ANDOVER, MINNESOTA
Andover Community Center / YMCA Historical Comparison
Debt Service Payments
2012C GO Abatement Bonds (P+ 1)
2015
2016
$
2017
$
2018
$
2019
$
2020
2021
2021
1,212,631
Actual
Actual
2019A GO Abatement Bonds (P+I)
Actual
-
Actual
Actual
Actual
Budget
Sep - YTD
Revenues:
590,150
819,725
819,725
$
1,214,906
$
1,216,506
$
1,213,731
Charges for services
1,211,481
$
1,208,931
$ 1,806,131
$
2,032,356
$
2,032,356
Property Tax Levy
Ice Rental
$ 400,619
$ 405,990
$
392,828
$
435,716
$
442,995
$
361,796
$ 668,000
$ 500,885
Turf Rental
-
-
977,332
-
974,418
-
972,055
-
969,378
-
70,000
3,782
Track
-
-
-
-
-
301
-
2,492
Fieldhouse Rental
187,007
199,286
215,089
Community Center Operations155
218,667
220,225
133,126
270,000
156,819
Proshop
9,258
9,412
9,247
000
8,606
155,000
9,680
$
4,394
15,000
4,970
Vending
9,279
8,588
972,055
9,182
969,378
7,470
$
8,427
$
6,148
16,000
4,552
Advertising
31,758
26,450
38,819
34,000
40,850
8,000
50,000
74,113
Charges for services
637,921
649,726
665,165
704,459
722,177
513,765
1,089,000
747,613
Miscellaneous
174,788
136,552
136,149
142,768
131,386
110,781
140,000
72,634
Total revenues
812,709
786,278
801,314
847,227
853,563
624,546
1229 000
820,247
Expenditures:
Current:
Salaries & benefits
439,304
451,332
481,926
501,108
533,044
503,842
757,753
445,838
Departmental
74,949
77,945
65,612
76,448
66,570
74,809
105,100
52,271
Operating
388,492
364,935
364,242
352,067
330,084
345,588
635,197
316,878
Professional services
142,602
106,381
125,034
104,076
77,818
129,261
154,375
43,892
Capital outlay
47,859
4,900
11,442
39,888
100,000
Current
1,045347
1,048,452
1,041,714
1,045,141
1,047,404
1,153,500
1,652,425
858,879
Revenue over under expenditures
232,638
(262,174)
(240,400)
197,914
193,841
(528,954)
(423,425)]
--E3876-32-9
Other financing sources (uses)
General Property Tax Levy
-
-
-
-
-
-
155,000
91,219
Investment income
(1,078)
2,190
2,779
5,780
16,107
6,793
-
628
Rental/Lease Pymt
638,220
640,303
641,691
637,150
636,803
635,629
638,000
634,375
Transfers out
(300,000)
(300,000)
(300,000)
(300,000)
(300,000)
(300,000)
(300,000)
(300,000)
Total financing sources (uses)
337,142
342,493
344,470
342,930
352,910
342,422
493,000
416,222
Net increase (decrease) in fund balance
104,504
80,319
104,070
145,016
159,069
(186,532)
69,575
377,590
Fund balance (deficit) - January 1
(48,364)
56,140
136,459
240,529
385,545
544,614
358,082
358,082
Fund balance(deficit)- December 31
$ 56,140
$ 136,459
$
240,529
$
385,545
$
544,614
$
358,082
$ 427,657
$ 735,672
Fund Balance Detail:
FB - Replac Res for Common Space
$ 143,702
$ 154,449
$
179,283-
$
173,560
$
200,606
$
190,067
$ 215,067
$ 215,067
FB - Unassigned
(87,562)
(17,990)
61,246
211,985
344,008
168,015
212,590
520,605
$ 56,140
$ 136,459
$
240,529
$
385,545
$
544,614
$
358,082
$ 427,657
$ 735,672
Debt Service Payments
2012C GO Abatement Bonds (P+ 1)
$
1,214,906
$
1,216,506
$
1,213,731
$
1,211,481
$
1,208,931
$ 1,215,981
$
1,212,631
$
1,212,631
2019A GO Abatement Bonds (P+I)
-
590,150
819,725
819,725
$
1,214,906
$
1,216,506
$
1,213,731
$
1,211,481
$
1,208,931
$ 1,806,131
$
2,032,356
$
2,032,356
Property Tax Levy
2012C GO Abatement Bonds
$
975,632
$
977,332
$
974,418
$
972,055
$
969,378
$ 976,780
$
973,263
$
973,263
2019A GO Abatement Bonds
-
-
-
-
-
1,001,090
976,966
976,966
Community Center Operations155
000
155,000
$
975,632
$
977,332
$
974,418
$
972,055
$
969,378
$ 1,977,870
$
2,105,229
$
2,105,229