HomeMy WebLinkAboutWK - April 23, 2024NOVE:
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1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
City Council Workshop
Tuesday, April 23, 2024
City Hall — Conference Rooms A & B
1. Call to Order— 6:00 p.m.
2. Update/Discuss Boulevard Tree Maintenace — Public Works/Engineering
3. March 2024 Community Center Update - Administration
4. Discuss/Review City Strategic Plan Implementation/2025 Budget —Administration
a. Discuss City Transportation System Funding
5. Discuss/Review 2025 Budget Development Guidelines -Administration
6. Other Topics
7. Adjournment
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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 Administrat
David D. Berkowitz, Director ofkb1i orks/City Engineer���
Jason Baumunk, Parks & Streets Operations Manager
Update/Discuss Boulevard Tree Maintenance — Public Works/Engineering
April 23, 2024
INTRODUCTION
The City Council is requested to discuss the updates on the boulevard tree maintenance plan and
procedures.
DISCUSSION
As discussed at the January 23d City Council workshop, staff is putting together plans and
procedures on implementing the boulevard tree maintenance program for property owners. The
following is an initial outline of the process.
• Staff would identify areas to focus on for the year.
• Letters would be sent to the affected residents informing them of the need for tree
maintenance. (See attached letter) August 1St timeline for letters.
• After the letter is set out, specific properties within the designated area that need work
completed will be notified by door hanger or in person if they are home at the time.
• August 1st - December 151. Work is expected to be completed.
• Staff will be answering resident questions and giving direction as requested.
• November 1" — Staff to inspect for completion and send 30 -day reminders for those who
do not have work completed.
• December 1" deadline for work. Staff to inspect for completion.
• Violation notices sent out. Work gets contracted out and assessed to the property.
With this implementation, a code amendment will need to be made to identify the abatement
process in 8-2 Public Right -of -Way Management as it is in 4-3 Nuisance Tree Abatement. A
seasonal/intern tree inspector position will be created as duties and timeline of employment to be
determined. This year, staff will manage a trial on a few identified areas to determine the demands
this places on staff time.
ACTION REQUIRED
The City Council is requested to discuss the boulevard tree maintenance plan and procedures and
give staff direction on how to proceed.
Respectfully submitted,
Jason Baumutik
Cc: Kameron Kytonen
Attachment: Notice Letter, Outline of Process
C I T Y O F
,ND OVE
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
August 1, 2024
Re: Boulevard Trees/Brush Pruning and Removal
Dear Property Owner:
City staff is currently inspecting boulevards along City streets to identify tree/brush
maintenance needs. These are areas overgrown with branches and brush extending well
into the roadway and have been identified as needing some work for reasons including but
not limited to the following: decrease the potential danger to pedestrians and motorists;
improve visibility and sightlines; allow for easier snow plowing and snow storage; to
improve general safety and to remove dead, insect and disease infested and invasive trees.
Per City Code 8-1-1, "the owner of property abutting a public right-of-way shall be
responsible for maintenance of the boulevard on their property. At a minimum, the
grass shall be cut and any trees or shrubs shall be maintained."
Your property has been identified as one needing some tree/brush maintenance within the
boulevard. The City requires 15 feet of height clearance and clearing up to 10 feet from the
back of the curb or edge of blacktop (see diagram on reverse side). Door hangers will also
be left on all properties in your area needing work. Please have the work done to the
specifications by December 1, 2024. Also, pruning practices shall be done per the US
Forest Service Guide "How to Prune Trees." Which can be found under the Natural
Resources tab at www.andovennn.gov If the work is not completed by this date, the City
will proceed to contract the work and costs will be assessed to the property.
Please contact me at 763-767-5137 or Jason Baumunk at 763-767-5178 if you should have
any questions/concerns. Your cooperation is greatly appreciated.
Sincerely,
Kameron Kytonen
Natural Resources Technician
Cc: Jason Baumunk, Parks and Streets Operations Manager
AERIAL VIEW GROUND VIEW
10 FT.
ROAD
i
TREE
15 FT.
10 FT.
ROAD -------.
1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-6923 • WWW.ANDOVERMN.GOV
Boulevard Tree Maintenance General Process
• Staff will select area(s) that need maintenance.
• Initial letter sent to applicable properties in early August
o Deadline for completions is December I'
o Staff will be on hand to field calls and/or meet with residents to help them
determine the work needed to come into compliance
• In early November, staff will check progress
o Reminder letter will be sent to those not in compliance
• In early December, staff will check progress
o Violation letter sent to those not in compliance with one final deadline
• In early January, staff will check progress
o Notice of abatement letter sent and work contracted out for those not in
compliance
(2)
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: March 2024 Community Center Update
DATE: April 23, 2024
INTRODUCTION:
Attached for Council review is the Andover Community Center (ACC) Budget Summary Report
for Budget Year 2023 and Budget Year 2024. The reports reflect activity through March 2024 with
comparative data with March 2023.
March 2024 Financials
2024 Revenues to date are on par with 2023, no surprises. 2024 revenues are expected to be
comparable to 2023, a reduction in Miscellaneous Revenues is reflected in the 2024 budget as
reimbursements from the YMCA for shared maintenance/construction will be less in 2024.
The 2024 expenses are in line in with 2023, although you will see some payment timing impacts
with operating expenses and a limited Capital Outlay budget in 2024. Salaries are expected to be
consistent as ACC has been able to maintain full staffing.
Looking ahead it is anticipated that 2024 activities will be comparable to the previous year as we
proceed through the year.
The 2023 Capital Outlay line item is for a high volume/output water heater replacement and
dehumidification system replacement, this project started in 2023, but will be completed in 2024.
APRILIMAY 2024 FACILITY UPDATE:
Please refer to the attached ACC Facility Update for Major Events and monthly Walking Track
activity through March. Major events are entering the Spring/Summer season, so it is not as busy
as when the Winter season is in full swing.
PROGRAMS/ACTIVITIES UPDATE -
ACC has just completed the busiest time of the year now, every weekend through March ACC
hosted events. Andover Athletic Basketball hosted league games, MN Premier Volleyball hosted
volleyball tournaments on Sundays through January and February. The hockey playoffs were held
throughout February.
The turf in the Sports Complex will be coming out on April 23'd, then ACC has 9 days to get the
rink floor cooled and ice in before a big tournament in early May. It was a slow turf season other
than the groups that scheduled for all 6 weeks, not a lot of calls due to the mild weather.
Looking ahead, I anticipate having ACC staff at the May 281h Council Workshop to discuss options
related to lower-than-expected meeting room usage.
PROGRAMS -
Winter Learn to Skate Lessons had 120 + kids in the program. The Winter Soccer Program had
110 kids in the program. Tot -Time continues on court 4 of the Fieldhouse. Pickleball Lessons
and Skills & Drills continue as well.
CONCESSIONS:
The Crooked Lake Creamery partnership has been successful.
ACTION REQUESTED
Informational. The Council is requested to review and receive a staff presentation on the attached
reports.
Attachments
CITYOFANDOVER
Community Center Budget Summary Totals
Budget Year 2024
2023 1 2024
REVENUES Budget Mar YTD %Bud Audit Budget Mar YTD %Bud
Charges for services
Ice Rental $
794,000
$ 199,090
25%
$ 865,994
$ 809,000 $
188,120
23%
Turf Rental
25,000
2,364
n/a
19,971
22,000
3,360
15%
Track
3,000
2,852
n/a
7,761
5,000
2,377
n/a
Fieldhouse Rental
255,000
129,937
51%
332,579
265,000
118,504
45%
Pmshop
13,000
5,639
43%
16,926
14,000
6,604
47%
Vending
16,000
6,809
43%
17,782
18,000
5,701
32%
Advertising
75,000
6,297
8%
115,053
80,000
3,667
5%
Total Charges for services
1,181,000
352,988
30%
1,376,066
1,213,000
328,333
27%
Miscellaneous
389,268
25,954
7%
309,954
188,068
23,286
12%
Total revenues 1,570,268 378,942 24% 1,686,020 1,401,068 351,619 25%
2023 1 2024
EXPENDITURES Budget Mar YTD %Bud Audit Budget Mar YTD %Bud
Current:
Salaries & benefits
875,369
219,351
25%
861,874
892,245
233,523
26%
Departmental
91,850
31,176
34%
105,378
92,350
37,650
41%
Operating
679,647
96,616
14%
612,579
717,967
145,373
20%
Professional services
248,725
41,529
17%
201,418
249,400
20,670
8%
Capital outlay
374,601
0%
176,597
HDIV/0!
Current
2,270,192
388,672
17%
1,957,846
1,951,962
437,216
22%
Revenue over (under) expense
(699,924)
(9,730)
1%
(271,826)
(550,894)
(85,597)
16%
Other financing sources (uses)
General Property Tax Levy
155,000
-
0%
154,097
155,000
-
0%
Investment income
3,000
(3,894)
n/a
57,713
3,000
(10,784)
-359%
Rental / Lease Pymt
638,000
504,211
79%
635,884
638,000
514,621
81%
Transfers out
(300,000)
(300,000)
100%
(300,000)
(300,000)
(300,000)
100%
Total financing sources(uscs)
496,000
200,317
40%
547,694
496,000
203,837
41%
increase (decrease) in
1
AND%VER
COMMUNITY CENTER
APRIL -MAY 2024
April 1-7 — Just Between Friends Kids Sale
April 20 — Carousel Craft Spring Sale
May 3-5—Midwest Hockey Youth Tournament
May 23—June 9—Ice Arena Closed
May 26-27—Memorial Weekend—ACC Closed
Track check in is required, Monday—Friday, 6:30am-4:30pm.
Numbers below reflect those checked in during these times.
Jan — 2342
Feb — 1837
March — 1510
March 23 — 4 weeks — Spring Indoor Soccer
March 24 — 5 weeks — Spring Learn to Skate
NDOVE
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.AN DOVE RM N.GOV
TO:
FROM:
SUBJECT:
DATE:
Mayor and Council Members
Jim Dickinson, City Administrator
Discuss/Review City Strategic Plan Implementation/Budget
April 23, 2024
ACTION REQUESTED
0
The City Council is requested to review this staff report and the attached City of Andover Strategic
Plan. The Council is asked to receive a brief presentation from staff and to then participate in an
interactive review of the staff report and strategic plan. This staff report is intended to provide
baseline material for some following workshop agenda items.
INTRODUCTION
As the 2024 Budget Development process concluded in November 2023, the Council shared
concerns regarding future funding of City priorities, such as public safety related issues and roads.
The Council wanted to start discussion early in 2024 regarding public safety and transportation
with the goal of being able to prepare a 2025 budget to manage the potential funding needed as
both are vital services the City provides. That process started at the January 2024 Workshop as the
Council wanted to review the City financial proforma and strategic plan in detail before getting
too far into the 2025 Budget Development process.
Much the same as previous 2024 workshops reviews, City Administration/Finance will be at the
workshop to guide the Council through the staff reports and answer questions of the Council,
reviewing the 2025 Budget Development Guidelines will be done at the workshop as its own
separate agenda item.
DISCUSSION
During the 2023 Budget Development process, the Council did contemplate a strategic planning
process in 2023. Also, a strategic planning process was consistent with the following 2024 budget
development guidelines:
-Continued commitment to strategic planning targeted toward meeting immediate and
long-term operational, staffing, infrastructure and facility needs.
-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.
On May 25, 2023, and June 8, 2023, the Andover City Council and Staff Leadership Team
convened work sessions with Facilitator Phil Kernfor the purpose of updating its long-term vision,
organizational values, external values, and short-term goals.
The outcome of those sessions is summarized in the attached "City of Andover Strategic Plan. "
Infrastructure/Transportation:
During the 2024 Budget Development process, the Council used the following 2024 budget
development guidelines:
-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.
-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.
Also, the City of Andover Strategic Plan identifies the following as a major short-term initiative:
"Review and update street capital improvement plan, including funding and implementation &
Prioritize the timely replacement of equipment and commitment to necessary maintenance of
equipment and municipal facilities."
In response, throughout 2024 Budget Development process various city committees met,
performed analysis, and made recommendations on equipment needs and other capital projects to
the City Council as part of the 2024-2028 Capital Improvement Plan (CIP) development process.
The 2024-2028 CIP was adopted after a public hearing at the September 19, 2023, City Council
meeting.
Looking ahead, detail analysis has already started relative to City streets and a review of conditions
and needs of the city street system was presented by City Engineering and Public Works at the
March 2024 workshop. At that March 2024 workshop, the City of Andover Road Ratings were
reviewed and forecasted costs were provided.
Also, covered at the March 2024 workshop was a review of transportation funding by
Administration/Finance, this included potential revenue sources and corresponding tax impacts.
Direction was provided for future workshop discussions to include analysis of assessment rates
(urban and rural), utility franchise fees, bonding options, and property tax impacts.
Administration/Finance will be continuing this discussion with the Council at this workshop
meeting.
Public Safety:
The City of Andover Strategic Plan identifies the following as a major short-term initiative,
"Evaluate staffing and level of service for Fire, EMS, and Sheriff's Office to provide effective fire
and rescue response." In response, the City has initiated a Request For Proposal (RFP) process
seeking an independent firm that specializes in reviewing Fire and EMS service. Proposals are due
on May 17'. It is anticipated the Council will receive an update on RFP submissions at the May
workshop and award a contract at a June regular City Council meeting. The RFP can be found
here: https://www.andovermn.gov/531/Bids-Request-for-Proposals.
Also related, at the February workshop, the Council met with the Andover Firefighters Relief
Association where a presentation along with stories and personal impacts behind the numbers was
provided by members of the Relief Board. Council direction from that meeting was for
Administration to gather additional data and for the Council to discuss a Fire Relief contribution
and Firefighter pay at a fixture workshop., it is anticipated that the research, conversations with
other communities, and analysis will be presented and discussed at the May 2024 Council
workshop.
submitted,
— City of Andover Strategic Plan
City of Andover Strategic Plan
Vision - Values - Goals
Community Slogan
"Andover: A Safe, Vibrant Community"
Vision Statement
Andover is a safe, healthy community that strives for excellence in quality of life for its citizens and
businesses through recreational opportunity, quiet neighborhoods, civic involvement, strategic
partnerships, fiscal responsibility, and environmental stewardship.
Long -Term Organizational Values
• Excellence and quality in the delivery of services.
The City of Andover exists to provide quality services to the public in a professional and cost-
effective manner.
• Fiscal Responsibility
The City of Andover believes that fiscal responsibility and prudent stewardship of public funds is
essential if citizens and businesses are to have confidence in government.
• Ethics and Integrity
The City of Andover believes that ethics and integrity are the foundation blocks of public trust and
confidence and that all relationships are built on these values.
• Treating our citizens and businesses as our customer
The City of Andover believes that its citizens and businesses are its customers and, as such,
should be treated with courtesy, respect, and integrity.
• Open and honest communication
The City of Andover believes that open and honest communication with each other and the public
we serve is the key to having an effective organization and informed citizens.
• Prioritizing people
The City of Andover believes that talented and well -supported officials and employees operating
in a strong organizational culture provides stability, creativity, and excellence in delivery of
service.
• Maintaining organizational flexibility and adaptability
The City of Andover believes that organizational flexibility and adaptability are key to meeting the
changing and evolving needs of the community.
Long -Term External Values
• Establish and maintain a common community identity.
• Provide city services that are accessible and lead to a healthy community.
• Be a desirable place to live.
• Enhance communication with the public and support processes that involve citizen engagement.
• Develop and update the City's capital improvement program.
• Broaden and preserve the City's tax base.
• Balance and prioritize provision of city services with available resources.
• Respect the environment.
Top Priority Short -Term Goals
• Develop and implement succession plans, identifying and establishing appropriate depth within
each department and mentoring employees to gain organizational capacity.
• Implement actions related to staff retention and attraction in order to keep the City market
competitive (compensation, benefits, etc.).
• Evaluate staffing and level of service for Fire, EMS, and Sheriff's Office to provide effective fire
and rescue response.
• Review and update street capital improvement plan, including funding and implementation.
• Prioritize the timely replacement of equipment and commitment to necessary maintenance of
equipment and municipal facilities.
• Explore, identify gaps, and strengthen critical infrastructure.
• Develop and implement additional youth activity programming at the Andover Community Center.
• Continue to enter into collaborative agreements and partnerships when mutually beneficial.
Secondary, Opportunity Short -Term Goals
• Develop community activities to help strengthen a common community identity.
• Accomplish the development of a Master Campus Plan.
• Support activities to encourage business growth.
• Encourage local resident entrepreneurship.
• Evaluate the process of extending water within the MUSA.
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
TO: Mayor and Council Members
FROM: Jim Dickinson, City Administrator
SUBJECT: Discuss City Transportation System Funding
DATE: April 23, 2024
ACTION REQUESTED
LIS
The City Council is requested to review this staff report, receive a brief presentation and provide
directions to staff.
DISCUSSION
Consistent with the new strategic plan, the City is to `Review and update street capital
improvement plan, including funding and implementation."
Detail analysis has already started relative to City streets and a review of conditions and needs of
the city street system was presented by City Engineering and Public Works at the March 2024
workshop. Also at that March 2024 workshop, the City of Andover Road Ratings were reviewed
and forecasted costs were provided. Following that was a review of transportation funding by
Administration/Finance, this included potential revenue sources and corresponding tax impacts.
Direction was provided for future workshop discussions to include analysis of assessment rates
(urban and rural), utility franchise fees, bonding options, and property tax impacts.
Administration/Finance will be continuing this discussion with the Council at this workshop,
Discussion - Franchise Fees:
Administration/Finance research into franchise fees through gas and electric utilities and looking
at a fixed fee franchise rate shows a franchise fee would yield around $280, 000 per year with a $1
franchise fee per utility per user per month and if that were increased to $4 per utility it would
yield approximately $1,100, 000 per year. That revenue could be used as it comes in or the revenue
could be pledged to a 10 year bond issuance between $9m to $11.3m depending on assessment
involvement (See attached bond issuance examples).
Franchise Fee Background Information:
Many cities across the State of Minnesota charge franchise fees to utility service providers as an
alternative means to raise revenues for the City's general fund or for a specific project. The
franchise fees are usually a fixed amount charged per month in most communities, but in some
cases are they are based on a percentage of gross revenues, at a rate per kilowatt hour or therm.
The fees may also factor in usage tiers. Generally, fees will vary by type of customer — whether it
be residential or commercial — and they may be capped per customer. In all instances the fees are
billed on the premises and not per meter.
The following outline is as a franchise fee could pertain to the City of Andover:
Franchise Fees — Summary
• Fee to utility providers (Gas & Electric) for use of public right of way
o Typically passed through to utility customers
• Used by many Minnesota cities to fund specific projects.
• A common alternative to taxes for funding street reconstruction
Franchise Fees - Benefits of
• Reliable and stable source of revenue
• Not subject to loss of revenue due to State budget issues
• Growth in revenues is proportional to growth in business activity and population.
• New entities immediately begin contributing.
• Tax exempt properties contribute.
• Opportunity to balance financial obligations between payer classes.
Franchise Fees - Disadvantages of
• May be viewed as another tax.
• May be perceived as a means of generating revenues without annual notification.
• May be unpopular with certain user classes.
• May be opposed by non -profits.
Franchise Fees - Implementation Process
• The city adopts ordinance for each provider enacting the fee.
o Contains terms of fees, and effective and expiration dates
• CenterPoint Energy requests a certified copy of the action 90 days in advance of the first
collection
o Providers must provide 60 -day notice to the Public Utilities Commission (PUC) for
change in fees.
Connexus will require proper notification but is not subject to PUC requirements.
Fees are collected monthly or quarterly and remitted to the City.
Franchise Fees - Utility Classifications
• Each utility provider has unique classifications (residential & commercial)
o Classifications differ by both utilities and providers.
o Residential, various Commercial, and Demand/Interruptible
• Providers charge monthly fixed fees and usage rates.
• Schools, churches and hospitals are classified as commercial.
Franchise Fees - Miscellaneous
• Most cities' fee structures are fixed but are initially developed from a percent of the
utilities' gross revenues.
• Fixed fees are preferable because they will not fluctuate monthly based on energy
consumption.
Discussion - Assessments:
Administration/Finance intends to start the discussion off previous Council direction to "include
analysis of assessment rates (urban and rural)," by providing some background on the
Urban/Rural split of the community.
Administration is proposing to start the discussion by breaking out properties by those inside the
Metropolitan Urbans Service Area (MUSA) and those outside the MUSA. This is being done by
using a data dump from the City's GIS mapping which shows 8,717 parcels with $3,504,821,200
of taxable market value inside the MUSA and 3,409 parcels with $1.412.668,716 outside the
MUSA boundary. In summary, for residential properties with homes, Rural average (outside the
MUSA) is currently approximately $468,000 and Urban average (inside the MUSA) is currently
approximately $404,000.
Administration will use the attached map and spreadsheets to nuide discussion at the
workshop,
submitted,
'PyAA
Total Sources $9,050,000.00
Uses Of Funds
Total Underwriters Discount (1.000%) 90,500.00
Costs of Issuance 89,000.00
Deposit to Capitalized Interest (CIF) Fund 273,529.17
Deposit to Project Fund 8,596,970.83
Total Uses $9,050,000.00
Series 2025 GO PIR eontls I SINGLE PURPOSE 1 312812024 1 11'.40 AM
FREERS
WVHIIC -1r:P Nit PpVI$VR)
/PMO jg4 Fqr cnd�
Fab olr t -C
City of Andover, Minnesota
$9,050,000 General Obligation PIR Bonds, Series 2025A
Assumes Current Market BQ AA+ Rates plus 100bps
10 Years
Sources & Uses
Dated 04/01/20251 Delivered 04)0112025
Sources Of Funds
Par Amount of Bonds
$9,050,000.00
Total Sources $9,050,000.00
Uses Of Funds
Total Underwriters Discount (1.000%) 90,500.00
Costs of Issuance 89,000.00
Deposit to Capitalized Interest (CIF) Fund 273,529.17
Deposit to Project Fund 8,596,970.83
Total Uses $9,050,000.00
Series 2025 GO PIR eontls I SINGLE PURPOSE 1 312812024 1 11'.40 AM
FREERS
WVHIIC -1r:P Nit PpVI$VR)
of Andover, Minnesota
$9,050,000 General Obligation PIR Bonds, Series 2025A
Assumes Current Market BQ AA+ Rates plus 100bps
10 Years
Net Debt Service Schedule
Date
Principal
Coupon
Interest
Total P+I
CIF Net New D/S
Fiscal Total
04/01/2025
-
-
-
-
- -
-
02/01/2026
-
-
273,529.17
273,529.17
(273,529.17) -
-
08/01/2026
-
-
164,117.50
164,117.50
- 164,117.50
-
02/01/2027
765,000.00
3.850%
164,117.50
929,117.50
- 929,117.50
1,093,235.00
08/012027
_._ ,55,5,5 ___.____.__149,391.25
149,391.25
- 149,391.25
-
02/01/2028
795,000.00
3.700%
149,39L25
944,391.25
- 944,39L25
1,093,782.50
08/012028
-
-
134,683.75
134,683.75
- 134,683.75
-
02/012029
825,000.00
3.600%
134,683.75
959,683.75
- 959,683.75
1,094,367.50
08/012029
-
-
119,833.75
119,833.75
- 119,833.75
-
_02/012030
855,000.00
3.550%
119,833.75
974,833.75
- 974,833.75
1,094,667.50
08/012030
-
-
104,657.50
104,657.50
- 104,657.50
-
02/01/2031
885,000.00
3.550%
104,657.50
989,657.50
- 989,657.50
1,094,315.00
08/012031
-
-
88,948.75
88,948.75
- 88,948.75
-
02/012032
915,000.00
3.550%
88,948.75
1,003,948.75
- 1,003,948.75
1,092,897.50
08/01/2032
-
-
72,707.50
72,707.50
- 72,707.50
-
02/012033
950,000.00
3.600%
72,707.50
1,022,707.50
- 1,022,707.50
1,095,415.00
08/012033
-
-
55,607.50
55,607.50
- 55,607.50
-
02/012034
985,000.00
3.600%
55,607.50
1,040,607.50
- 1,040,607.50
1,096,215.00
08/012034
-
-
37,877.50
37,877.50
- 37,877.50
-
02/012035
__—___
l 020,000.00
.._..__ 5555
3.600%
_.
37,877 50
____,5517 ........___._.
1,057,877.50
_ _—
- 1 057,877.50
.. ................... .11
1,095,755.00
-
08/012035
-
-
19,517.50
19,517.50
- (9,517.50
-
02/012036
1,055,000.00
3.700%
19,517.50
1,074,517.50
- 1,074,517.50
1,094,035.00
Total $9,050,000.00 - $2,168,214.17 $11,218,214.17 (273,529.17) $10,944,685.00
Significant Dates
Yield Statistics
Net Interest Cost (NIC).______.____.___ _.._.___.__.____._.___,---- _. 3.7666162%
True lnterest Cost (TIC) . 5,5 5 5 . _ _ _ 3.7877239%
Bond eld
Yifor Arbitrage Purposes _ �.� 3.6122290%
All Inclusive Cost (AIC)______.__.. _ _ ._.__._._ 3.9626536%
IRS Form 8038
Net Interest Cost 3.6156990%
Weighted Average Maturity _.._.__._._ _ _._ 6.626 Years
Series 2025 GO PIR Bones I SINGLE PURPOSE 13128/2024 1 11:40 AM
FREERS
PJ3LIC FINANCE ADVISORS
City of Andover, Minnesota
$9,050,000 General Obligation PIR Bonds, Series 2025A
Assumes Current Market BQ AA+ Rates plus 100bps
10 Years
Debt Service Schedule
Date
Principal
Coupon
Interest
Total P+I
CIF
Net New DIS
105% of Total
Franchise Fees
Levy/ (Surplus)
02101/2026
-
-
273,529.17
273,529.17
(273,529.17)
-
-
-
-
02/01/2027
765,000.00
3.850%
328,235.00
1,093,235.00
-
1,093,235.00
1,147,896.75
1,152,000.00
(4,103.25)
02/01/2028
795,000.00
3.700%
298,782.50
1,093,782.50
-
1,093,782.50
1,148,471.63
1,152,000.00
(3,528.38)
02/01/2029
825,000.00
3.600%
269,367.50
1,094,367.50
-
1,094,367.50
1,149,085.88
1,152,000.00
(2,914.13)
02/01/2030
_ 855,000.00
3.550%
239,667.50
1,094,667.50
-
1,094,667.50
1,149,400.88
1,152,000.00
(2,599.13)
02/01/2031
885,000.00
3.550%
209,315.00
1,094,315.00
-
1,094,315.00___
1,149,030.75
1,152,000.00
(2,969.25)
02/01/2032
915,000.00
3.550%
177,897.50
1,092,897.50
-
1,092,897.50
1,147,542.38
1,152,000.00
(4,457.63)
02101/2033
950,000.00
3.600%
145,415.00
1,095,415.00
-
1,095,415.00
1,150,185.75
1,152,000.00
(1,814.25)
02/01/2034
985,000.00
3.600%
111,215.00
1,096,215.00
-
1,096,215.00
1,151,025.75
1,152,000.00
(974.25)
02101/2035
1,020,000.00
._-
3.600%
75,755.00
1,095,755.00
-
1,095,755.00
1,150,542.75
1,152,000.00
(1,457.25)
02/01/2036
1,055,000.00
3.700%
39,035.00
1,094,035.00
-
1,094,035.00
_—___--
1,148,736.75
1,152,000.00
(3,263.25)
Total
$9,050,000.00
-
$2,168,214.17
$11,218,214.17
(273,529.17)
$10,9449685.00
$11,4919919.25
$1195209000.00
(28,080.75)
Significant Dates
Dated
__. 4/01/2025
First Coupon Date 2/01/2026
Yield Statistics
Bond Year Dollars _ _ $59,966.67
Net Interest
Cost
All
Sedes2025 GO PIR Bonds I SINGLEPURPOSE 1 32812024 1 11:40AM
FREERS
VVXLIC FII�ANCt Af)VI$(>HS
62%
Citv of Andover. Minnesota
$11,310,000 General Obligation PIR Bonds, Series 2025A
Assumes Current Market Non-BQ AA+ Rates plus 100bps
10 Years
Sources & Uses
Dated 0410112025 1 Delivered 04101/2025
U/+
ZS/O /TISCSSMcti�
w� G�fif55mvt�
Sources Of Funds
Par Amount of Bonds $11,310,000.00
Total Sources
Uses Of Funds
$11,310,000.00
Total Underwriters Discount (1.000%)
113,100.00
Costs of Issuance _
98,000.00
Deposit to Capitalized Interest (CIF) Fund
352,345.83
Depositto Project Fund
10,746,554.17
Total Uses
Series 2025 GG PIR Bands i SINGLE PURPOSE 1 32812020 1 12:10 PM
""EHLERS
$11,310,000.00
City of Andover, Minnesota
$11,310,000 General Obligation PIR Bonds, Series 2025A
Assumes Current Market Non-BQ AA+ Rates plus 100bps
10 Years
Net Debt Service Schedule
Date
Principal
Coupon
Interest
Total P+I CIF
Net New D/S
Fiscal Total
04/01/2025
Dated
4/01/2025
-
-
Yield Statistics
02/01/2026
-
-
352,345.83
352,345.83 (352,345.83)
-
-
08/01/2026
-
-
211,407.50
211,407.50 -
211,407.50
-
02/01/2027
950,000.00
4.000%
211,407.50
1,161,407.50 -
1,161,407.50
1,372,815.00
08/01/2027
192,407.50
192,407.50
192,407.50
02/01/2028
990,000.00
3.850%
192,407.50
1,182,407.50 -
1,182,407.50
1,374,815.00
08/01/2028
-
-
173,350.00
173,350.00 -
173,350.00
-
02/01/2029
1,030,000.00
3.750%
173,350.00
1,203,350.00 -
1,203,350.00
1,376,700.00
08/01/2029
-
-
154,037.50
154,037.50 -
154,037.50
-
_02/Ol/2030_
_ 1,065,000.00
3.700%
154,03750
1,219037.50 __
1,219,037.50
1,373,075.00
08/01/2030
-
-
134,335.00
134335.00 -
134,335.00
-
02/01/2031
1,105,000.00
3.700%
134,335.00
1,239,335.00 -
1,239,335.00
1,373,670.00
08/01/2031
-
-
113,892.50
113,892.50 -
113,892.50
-
02/01/2032
1,145,000.00
3.650%
113,892.50
1,258,892.50 -
1,258,892.50
1,372,785.00
08/01/2032
92,996.25
92,996.25
92,996.25
02/01/2033
1,190,000.00
3.650%
92,996.25
1,282,996.25 -
1,282,996.25
1,375,992.50
08/01/2033
-
-
71,278.75
71,278.75 -
71,278.75
-
02/01/2034
1,230,000.00
3.700%
71,278.75
1,301,278.75 -
1,301,278.75
1,372,557.50
08/01/2034
-
-
48,523.75
48,523.75 -
48,523.75
-
02/01/2035
...__ _1/2035 _.
_1,280,000_00_
3.700%
______ ���
48,523.75
___ ________ _______..._....._.
1,328,523.75 -
.__._..__-
1,328,523.75
1,377,047.50
08/01/2035
-
24,84375
24,843.75 -
24,843.75
-
02/01/2036
1,325,000.00
3.750%
24,843.75
1,349,843.75 -
1,349,843.75
1,374,687.50
Total $11,310,000.00
- $2,786,490.83 $14,096,490.83 (352,345.83) $13,744,145.00 -
Significant Dates
Dated
4/01/2025
First Coupon Date
2/01/2026
Yield Statistics
Bond Year Dollars
$75,040.00
Average Life____
6.635 Years
Average Coupon
3.7133407%
Net Interest Cost_(NIC)._............. _. _ _
____ -------- ----- 3.8640603%
True Interest Cost TIC
3.8870028%
Bond Yield for Arbitrage Poses
3.7109926%
All Inclusive Cost (AIC)
a nal ae3s i
8038
Net Interest Cost 3.7133407%
W_i teAv_era a Matn ' _6.._63.5._.Years
Sene52025WPIRBoads l SINGLEPURPOSE 13/28I2024I 12:10PM
FREERS
PUtlLIC FIN HHCE 4DVISVRS
of Andover. Minnesota
$11,310,000 General Obligation PIR Bonds, Series 2025A
Assumes Current Market Non-BQ AA+ Rates plus 100bps
10 Years
Debt Service Schedule
Date
Principal
Coupon
Interest
Total P+I
CIF
Net New DIS
105% of Total
Assessments
Franchise Fees Levy/(Surplus)
02/01/2026
-
-
352,345.83
352,345.83
(352,345.83)
-
-
-
02/01/2027
950,000.00
4.0000%
422,815.00
1,372,815.00
-
1,372,815.00
1,441,455.75
357,336.12
1,152,000.00
(67,880.37)
02/01/2028
990,000.00
3.850%
384,815.00
1,374,815.00
-
1,374,815.00
1,443,555.75
357,336.12
1,152,000.00
(65,780.37)
02/01/2029
1,030,000.00
3.750%
346,700.00
1,376,700.00
-
1,376,700.00
1,445,535.00
357,336.12
1,152,000.00
(63,801.12)
_02/01/2030
1,065,000.00
3.700%
308,075.00
1,373,075.00
_
1,373,075.00
1,441,728_75
357,336.11
1,152,000.00
(67,607.36)
02/01/2031
1,105,000.00
1.3 00%
268,670.00
1,373,670.00
-
1,373,670.00
1,442,353.50
357,336.12
1,152,000.00
(66,982.62)
02/01/2032
1,145,000.00
3.650%
227,785.00
1,372,785.00
-
1,372,785.00
1,441,424.25
357,336.12
1,152,000.00
(67,911.87)
02/01/2033
1,190,000.00
3.650%
185,992.50
1,375,992.50
-
1,375,992.50
1,444,792.13
357,336.11
1,152,000.00
(64,543.98)
02/01/2034
1,230,000.00
3.700%
142,557.50
1,372,557.50
-
1,372,557.50
1,441,185.38
357,336.13
1,152,000.00
(68,150.75)
02/01/2035
1280,000.0_0
3.700%
97,0_47.50
1,377,047.50
-
1,377,047.50
1,445,899.88
_ 357,336.13
1,152,000.00_____(0,436.2_5)
02/01/2036
1,325,000.00
3.750%
49,687.50
1,374,687.50
-
1,374,687.50
1,443,421.88
357,336.12
1,152,000.00
(65,914.25)
Total
$11,310,000.00
$2,786,490.83
$14,096,490.83
(352,345.83)
$13,744,145.00
$14,431,352.25
$39573,361.20
$11,520,000.00
(662,008.95)
Significant Dates
First Coupon Date
Yield Statistics
4/01/2025
- 2/01/2026
Bond Year Dollars
...., $75,040.00
Avenge Life __ _ 6.635 Years
Series 2025 GO PIR Bonds I SINGLE PURPOSE 1 32/28/2024 1 12:10 PM
EHLERS
PUBLIC FINANCE ADVISORS
City of Andover, Minnesota
$2,827,500 General Obligation PIR Bonds, Series 2025A
Assessments - 25% Assessed - 10 Years
Fixed Rate - Equal P&I
Assessments
Date Principal Coupon Interest Total P+I
12/31/2026
230,098.62
4.500%
127,237.50
357,336.12
12/31/2027
240,453.06
4.500%
116,883.06
357,336.12
12/31/2028
251,273.44
4.500%
106,062.68
357,336.12
12/31/2029
262,580.75
4.500%
94,755.36
357,336.11
12/31/2030
274,396.88
4.500%
82,939.24
357,336.12
12/31/2031
286,744.74
4.500%
70,591.38
357,336.12
12/31/2032
299,648.25
4.500%
57,687.86
357,336.11
12/31/2033
313,132.43
4.500%
44,203.70
357,336.13
12/31/2034
327,223.39
4.500%
30,112.74
357,336.13
12/31/2035
341,948.44
4.500%
15,387.68
357,336.12
Total
$2,827,500.00
-
$745,861.20
$3,573,361.20
Significant Dates
Filing Date _.__.__— ... 1/01/2026_
First Payment Dale .. ......_. _.._---—-----------.......... .____ .. ._— __..._..___ .. 12/31/2026
Series 2025 GO PIR Bonds I SINGLE PURPOSE 1 3/2812024 1 12:10 PM
FREERS
PUBLIC PrvANC[ ADVISORS
Certificates of Indebtedness
2016A G.O. Equipment Certificates
2020A G.O. Equipment Certificates
2021A G.O. Equipment Certificates
2024 Equipment Certificate -
2026 Equipment Certificate -
2028 Equipment Certificate -
2030 Equipment Certificate -
2032 Equipment Certificate -
2034 Equipment Certificate -
Subtotal
Capital Improvement Bonds
2018A G.O. Cap Improv Plan Bonds
Transfer from Water & Sewer EF
2031 G.O. CIP Bonds
Subtotal
Referendum Bonds
Open Space Referendum Bonds
Street Bonds
2021 A G.O. Street Recon
Transfer from PIR Fund
Special Assessments
Subtotal
Community Center Abatement Bonds
2012C (i.0. Abatement Bonds
•Transfer from Operations
2019A GO Tax Abatement Bonds
*Transfer from Park Dedication ($ Im)
Subtotal
DEBT SERVICE LEVY
CITY OF ANDOVER
Long Range Debt Levy & General Fund Impacts
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
143,373
350,000 406,224 374,850 376,740
170,000 170,000 174,773 174,825 176,715
450,000 450,000
450,000 450,000 - - -
200,000 200,000 200,000 200,000 -
525,000 525,000 525,000
225,000
2031 2032 2033 2034 2035
525,000 - -
225,000 225,000 225,000
184,199 151,078 - -
Actual
1,001,003
1,003,863
1,001,658
999,138
1,001,553
1,003,548
999,086
998,844
600,000
600,000
600,000
600,000
(401,003)
(200,000)
(150,000)
(150,000)
(100,000)
(100,000)
(50,000)
(50,000)
2028
2029
Moved to Road & Bridge Levy
2031
250,000
250,000
493,373
576,224
544,850
551,513
624,825
626,715
650,000
650,000
725,000
725,000
750,000
750,000
825,000
825,000
850,000
850,000
68,377,634
600,000
603,863
651,658
649,138
701,553
703,548
749,086
748,844
1,572,173
478,903
501,644
662,819
658,094
658,094
662,557
660,419
663,344
662,189
660,719
658,934
662,084
659,512
661,874
658,514
659,498
(45,300)
(45,300)
(45,300)
(45,300)
(45,300)
(45,300)
(45,300)
(45,300)
(45,300)
(45,300)
(45,300)
(45,300)
(45,300)
(45,300)
(45,300)
(45,300)
189097274
18,640,192
19,199,398
19,775,380
1,276,780
1273,263
1274,628
1,269,745
1273,650
1,269,824
1,268,689
1,265,513
975,000
975,000
975,000
975,000
433,603
456,344
617,519
612,794
612,794
617,257
615,119
618,044
616,889
615,419
613,634
616,784
1,589,212
1,591,574
1,588,214
1,589,198
184,199 151,078 - -
Dependent upon operational revenues exceeding operational expenditures
Actual
1,001,003
1,003,863
1,001,658
999,138
1,001,553
1,003,548
999,086
998,844
(401,003)
(200,000)
(150,000)
(150,000)
(100,000)
(100,000)
(50,000)
(50,000)
2028
2029
Moved to Road & Bridge Levy
2031
2032
2033
2034
2035
(200,000)
(200,000)
(200,000)
(200,000)
(200,000)
(200,000)
(200,000)
55,597274
57265,192
58,983,148
60,752,642
62,575222
64,452,478
66,386,053
68,377,634
600,000
603,863
651,658
649,138
701,553
703,548
749,086
748,844
1,572,173
-
1,667,918
-
-
-
1,877257
1,933,574
1,111,175
1,183,646
1,762,369
1,768,170
1,889,277
1,893,110
1,966,672
1,971,592
2,090,975
2,089,263
L363,634
1,366,784
2,414,212
2,416,574
2,438,214
2,439,198
3.00%
3.00%
3.00%
3.00%
Gross Tax Levy
14,479,586
14,913,945
16,107254
17,073,084
189097274
18,640,192
19,199,398
19,775,380
1,276,780
1273,263
1274,628
1,269,745
1273,650
1,269,824
1,268,689
1,265,513
1,265,404
1,273,309
1,274,070
1,278,900
-
-
-
-
(300,000)
(300,000)
(300,000)
(300,000)
(300,000)
(300,000)
(300,000)
(300,000)
(300,000)
(300,000)
(300,000)
(300,000)
-
-
-
-
1,176236
1,179,570
1,177208
1,178,783
1,178,783
1,177208
1,179,308
1,174,320
1,178258
1,177,628
1,175,738
1,177,838
1,176,998
1,175,370
1,178205
1,174,845
(175,146)
(202,604)
(163,143)
(150,000)
(150,000)
(159,107)
-
Revenues
12,686,944
-
13,4579704
13,836,917
1,977,870
1,950,229
1,988,693
1,998,528
2,002,433
1,987,925
2,147,997
2,139,833
2,143,662
2,150,937
2,149,808
2,156,738
1,176,998
1,175,370
1,178,205
1,174,845
3.089,045
3,133,875
3,751,062
3,766,698
3,891,710
3,881,035
4,114,669
4,111,425
4 234 637
4,240,200
3513,442
3523,522
3,591,210
3,591.944
3,616,419
3,614,043
13,119,831
44,830
617,187
15,636
125,012
(10,675)
233,634
(3244)
123,212
5,563
(726,758)
10,080
67,688
734
24,475
(2,376)
3.59%
1.45%
19.69%
0.42%
3.32%
-0.27%
6.02%
-0.08%
3.00%
0.13%
-17.14%
0.29%
1.92%
0.02%
0.68%
-0.07%
Dependent upon operational revenues exceeding operational expenditures
Actual
Actual
Actual
Estimate
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
Tax Capacity Value
36,099,539
37,366,775
40210,548
50267,978
52,405,763
53,977,936
55,597274
57265,192
58,983,148
60,752,642
62,575222
64,452,478
66,386,053
68,377,634
70,428,963
72,541,832
1,267236
2,843,773
10,057,430
2,137,785
1,572,173
1,619,338
1,667,918
1,717,956
1,769,494
1,822,579
1,877257
1,933,574
1,991,582
2,051,329
2,112,869
3.51%
7.61%
25.01%
4.25%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
Gross Tax Levy
14,479,586
14,913,945
16,107254
17,073,084
189097274
18,640,192
19,199,398
19,775,380
20,368,641
20,979,701
21,609,092
22,257,364
22,925,085
23,612,838
24,321223
25,050,860
434,359
1,193,309
965,830
1,024,190
542,918
559,206
575,982
593,261
611,059
6299391
648,273
667,721
687,753
708,385
729,637
3.00%
8.00%
6.00%
6.00%
3.00%
3.00%
3.00%
3,00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
General Fund
Revenues
12,686,944
12,813,448
13,4579704
13,836,917
14,506,539
14,941,735
15,389,987
15,851,687
16,327,237
16,8179055
17,321,566
17,841213
18,376,450
18,927,743
19,495,575
20,080,443
1.00%
5.03%
2.82%
4.84%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
Expenditures
12,395,879
12,841,424
13,119,831
14,193,060
14,9759613
15,312,564
15,657,097
16,009,382
16,369,593
16,737,909
17,114,512
17,499,588
17,893,329
18295,929
18,707,587
19,128,508
3.59%
2.17%
8.18%
5.51%
2.25%
2.25%
2.25%
2.25%
2.25%
2.25%
2.25%
2.25%
2.25%
2.25%
2.25%
Fund Balance
9,654,518
9,626,466
9,964,339
9,608,196
9,139,122
8,768293
8,501,183
8,343,488
8,301,133
8,380279
8,587,334
8,928,959
9,412,080
10,043,894
10,831,882
11,783,817
Fund Balance% of Expenditures
77.88%
74.96%
75.95%
67.70%
61.03%
57.26%
54.30%
52.12%
50.71%
50.07%
50.18%
51.02%
52.60%
54.90%
57.90%
61.60%
H USA° o
PIN2*
MKT_VALUE
LAND -VALUE
BLDG -VALUE
CLS -VALUE
USE -CODE SECTION TOWNSHIP RANGE QTR_QTR
8118
3,285,004,200
828,347,100
2,456,657,100
3,285,004,200
1 Total Residential Single Unit
21
97,541,200
6,942,800
90,598,400
97,541,200
2 Total Appartments
81
166,622,200
61,483,500
105,138,700
166,622,200
6 Total Commercial
12
23,681,500
7,318,100
16,363,400
23,681,500
7 Total Industrial
4
12,574,900
5,935,300
6,639,600
12,574,900
8 Total Public Utility
1
4,248,100
4,248,100
-
4,248,100
9 Total Railroads
231
16,278,800
16,278,800
16,278,800
21 Total Residential Bare Land
3
158,100
158,100
-
158,100
22 Total Apartment Bare Land
15
5,746,100
5,744,000
2,100
5,746,100
26 Total Commercial Bare Land
1
32,300
32,300
-
32,300
27 Total Industrial Bare Land
193
180,551,100
44,385,600
136,165,500
180,551,100
30 Total Exempt
1
1,191,000
463,700
588,800
1,191,000
31 Total Agriculture 2A- Land w/Buildings > 34.5 AC
6
3,569,000
1,275,000
1,723,500
3,569,000
36 Total Agriculture 2A - Land w/Buildings <34.5AC
7
2,469,100
2,469,100
-
2,469,100
37 Total Agriculture 2A -Bare Land <34.5AC
2
531,300
531,300
-
531,300
39 Total Rural Vacant 2B -Bare Land <34.5AC
1
1,509,500
1,480,000
29,500
1,509,500
47 Total Mixed 2A, 2B - Land w/Buildings >34.5AC
4
5,390,200
5,390,200
-
5,390,200
48 Total Mixed 2A, 2B - Bare Land > 34.5 AC
2
422,300
422,300
422,300
50 Total Mixed 2A, 2B - Bare Land < 34.5 AC
3
47,500
47,500
47,500
98 Total Tax Forfeit
11
-
-
-
<Nutt> Total
8,717
3,807,568,400
992,952,800
2,813,906,600
3,807,568,400
Grand Total
Parcels Inside MUSA
8,118 $
3,285,004,200 $
828,347,100 $
2,456,657,100 $
3,285,004,200
Residential Single Unit (l) AVG: $ 404,657
21
97,541,200
6,942,800
90,598,400
97,541,200
Apartments (2)
109
196,082,100
74,577,900
121,504,200
196,082,100
Industrial/Commercial (6,7,26,27)
5
16,823,000
10,183,400
6,639,600
16,823,000
Utilities(8,9)
193
180,551,100
44,385,600
136,165,500
180,551,100
Government, Church, Non -Profit (30)
8
6,269,500
3,218,700
2,341,800
6,269,500
Land w/ Buildings - Rural / Agriculture (31,36,47)
249
25,249,800
25,249,800
-
25,249,800
Bare Land - Rural / Agriculture (21,22,37,39,48,50)
3
47,500
47,500
47,500
Tax Forfeit (98)
11
-
-
-
<Null> Total
8,717 $ 3,807,568,400.0 $ 992,952,800.0 $ 2,813,906,600.0 $ 3,807,568,400.0
PIN2*
MKT_VALUE
LAND -VALUE
2945
1,378,595,000
448,367,400
4
3,093,100
1,751,700
13
7,205,900
2,010,100
3
1,895,700
100,100
3
2,559,400
2,559,400
199
17,682,400
17,682,400
2
306,800
306,800
100
37,309,000
20,004,100
4
3,611,200
1,671,000
17
6,733,700
6,733,700
1
471,900
456,900
4
980,800
980,800
22
9,970,400
2,822,900
41
7,229,700
7,229,700
10
1,963,600
1,963,600
4
2,415,000
984,100
14
6,232,000
6,232,000
10
5,737,500
1,374,400
5
1,301,400
1,301,400
2
200
200
6
-
<Null>Total
3,409
1,495,294,700
524,532,700
BLDG -VALUE
CLS -VALUE
USE _CODE SECTION TOWNSHIP RANGE QTR QTR
930,227,600
1,378,595,000
1Total Residential Single Unit
1,341,400
3,093,100
6 Total Commercial
5,195,800
7,205,900
7 Total Industrial
1,795,600
1,895,700
8 Total Public Utility
-
2,559,400
9 Total Railroads
100
17,682,400
21 Total Residential Bare Land
-
306,800
27 Total Industrial Bare Land
17,304,900
37,309,000
30 Total Exempt
1,652,200
3,611,200
31 Total Agriculture 2A - Land w/Buildings >34.5AC
-
6,733,700
32 Total Agriculture 2A -Bare Land >34.5AC
15,000
471,900
33 Total Rural Vacant 2B - Land w/Buildings >34.5AC
-
980,800
34 Total Rural Vacant 2B -Bare Land >34.5AC
4,626,600
9,970,400
36 Total Agriculture 2A- Land w/ Buildings <34.5 AC
-
7,229,700
37 Total Agriculture 2A -Bare Land <34.5AC
-
1,963,600
39 Total Rural Vacant 2B -Bare Land <34.5AC
854,900
2,415,000
47 Total Mixed 2A, 2B - Land w/ Buildings> 34.5 AC
-
6,232,000
48 Total Mixed 2A, 2B - Bare Land > 34.5 AC
3,101,100
5,737,500
49 Total Mixed 2A, 2B- Land w/Buildings < 34.5 AC
-
1,301,400
50 Total Mixed 2A, 2B - Bare Land < 34.5 AC
200
98 Total Tax Forfeit
-
-
<Null>Total
966,115,100
1,495,294,700
Grand Total
Parcels Outside MUSA
2,945 $
1,378,595,000 $
448,367,400 $
930,227,600 $
1,378,595,000
Residential Single unit (1) Avg: $ 468,114
19
10,605,800
4,068,600
6,537,200
10,605,800
Industrial / Commercial (6,7,27)
6
4,455,100
2,659,500
1,795,600
4,455,100
Utilities (8.9)
100
37,309,000
20,004,100
17,304,900
37,309,000
Government, Church, Non-Profit(30)
41
22,206,000
7,309,300
10,249,800
22,206,000
Land w/ Buildings - Rural / Agriculture (31,33,36,47,49)
290
42,123,600
42,123,600
-
42,123,600
Bare Land - Rural / Agriculture (21,32,34,37,39,48,50)
2
200
200
200
Tax Forfeit (98)
6 _ _ - <Null> Total
3,409 $ 1,495,294,700 $ 524,532,700 $ 966,115,100 $ 1,495,294,700
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: 2025 Budget Development Guidelines Discussion
DATE: April 23, 2024
INTRODUCTION
City Administration and Finance are starting to focus on the 2025 Annual Operating Budget
Development process and are looking to the City Council to establish the Council's guidelines for
the preparation of the 2025 Annual Operating Budget.
DISCUSSION
The following are suggested 2025 Budget Development guidelines (like 2024) for consideration
and could be impacted by the Councils discussion:
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. (attached is summary data from Anoka County regarding the 2024
assessment for pay 2025 property taxes, also see attached Homestead Market Value Exclusion
changes for pay 2025 property taxes)
2) A fiscal goal that works toward establishing the General Fund balance for working capital at
no less than 45% of planned 2025 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 2024
adopted General Fund budget.
3) A commitment to limit the 2025 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.
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.
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.
6) Continued commitment to strategic planning targeted toward meeting immediate and long-
term operational, staffing, infrastructure and facility needs.
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.
ACTION REQUESTED
The Council is requested to review and discuss the proposed Budget Development guidelines,
discuss whether they are appropriate for developing the 2025 Annual Operating Budget.
submitted,
-Median Estimated Market Value — 2024 Assessment
-Anoka County EMV's — Assessments 2023 & 2024
-Homestead Market Value Exclusion changes (State of Mn)
Median Estimated Market Value
2024 Assessment
City/Township
Median Value Median Change
0010:LINW00DTOWNSHIP
$
371,900
0.76%
0100:ANOKA CITY
$
290,400
-1.660/a
0200:13ETHELCITY
$
257,600
-0.080/0
0300:AN DOVER CITY
$
399,100
-0.20.5
0400:CENTERVILLECITY
$
360,900
0.98%
0500:COL HEIGHTS CITY
$
270,500
-0.55%
0600:CIRCLE PINES CITY
$
278,900
-2.74%
0700:NOWTHEN CITY
$
456,100
0.53%
0800: FRIDLEY CITY
$
289,600
1.44%
0900:LEXINGTON CITY
$
286,250
-0.87%
1000:COON RAPIDS CITY
$
297,800
2.02%
1200:RAMSEYCITY
$
351,900
0.96%
13001INO LAKES CITY
$
406,300
-0.67%
1400:EASTBETHELCITY
$
360,750
0.49%
1500:HILLTOPCITY
$
143,350 L
0.4 °
1600:ST FRANCIS CITY
$
307,650
1.05%
1700:HAM LAKE CITY
$
458,100 N
2.69%
1800:OAK GROVE CITY
$
413,100
0.27%
1900:COLUMBUS CITY
$
436,250
0.80%
6200:13LAINE CITY
$
339,900
0.71%
8700:SPRING LK PK CITY
$
285,200
-0.83%
Countywide
$
331,200
0.64%
Values above reflect Estimated
Market Values which do not factor
I n va I ue reducti on attributed to Homestead Excl us ions
Anoka County
PROPERTY RECORDS A TAXATION DIVISION
Last Updated: 3/13/2024
1t'�t
Anoka County EMV's
Asessments 2023 & 2024
0010:UNWOOD TOWNSHIP
2024 EMV
2024 NC
2024EMV
2023 EMV
%Change Less N/C
Agricultural
$
35,746,500
$
461,500
$
35,285,000
$ 33,657,000
4.84%
Apartment/MHP
$
4,163,500
$
-
$
4,163,500
$ 3,712,000
12.16%
Commercial/industrial
$
3,566,900
$
-
$
3,566,900
$ 3,406,200
4.72%
Personal Property'
$
8,508,400
$
-
$
8,508,400
$ 8,511,100
.0.03%
Resldential
$
825,2300
$
5,808,600
$
819,426,400$
820,122,200
-0.08%
Totals $
877,220,3005,0
$
6,270,100
$
870,950,200
$ 869,408,500
0100:ANORA CITY
2024 EMV
204 NC
2024 EMV
2023 EMV
%Change Less N/C
Apartment/MHP
$
405,537,700
$
17,060,000
$
388,469,700
$ 412,015,600
-5.71%
Commerclal/Industrial
$
477,015,200
$
8,448,400
$
468,566,800
$ 472,706,400
-0.88%
Personal Property'
$
15,216,600
$
-
$
15,216,600
$ 15,207,200
0.06%
Resldentlal
94,730,720
5
7,264,700
$
1,487,465,500
$ 1,513,781,200
-1.74%
2,4289900$Toals
32,781,100
$
2,359,718,600
$ 2,413,730Ap
-2.24%
0200:BETHELC"
2024 EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Agricultural
$
682,700
$
-
$
682,700
$ 657,800
3.79%
Apartment/MHP
$
451,300
$
-
$
451,300
$ 425,700
6.01%
Commercial/Industrial
$
8,156,800
$
-
$
8,156,800
$ 7,702,200
5.90%
Personal Property'
$
1,655,300
$
-
$
1,655,300
$ 1,655,300
0.00%
Residential
$
47,353,000
$
954,700
$
46,396,300
$ 46,243,300
0.33%
Totals $
58,297,100
$
954,700
$
57,342,400
$ 56,684,300
1.161A
0300:ANDOVER CITY
2024 EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Agricultural
$
63,288,300
$
37,600
$
63,250,700
$ 57,854,300
9.33%
Apartment/MHP
$
98,439,400
$
31,864,300
$
66,575,100
$ 69,939,100
4.81%
CommerclaVindustrial
$
213,525,000
$
2,669,800
$
210,855,200
$ 205,246,200
2.73%
Personal Property
$
38,538,000
$
-
$
38,538,000
$ 38,535,300
0.D1%
Residential
$
4,696,168,500
$
34,780,900
$
4,661,387,600
$ 4,659,005,400
0.05%
Totals $
51109,959,200
$
69,%'ZW0
$
5,040,606,600
S 5,030,580,300
020%
sit
1,4°;,p
0400:0ENTERVILLECITY
2024 EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Agricultural
$
1,588,300
$
-
$
1,588,300
$ 1,386,400
14.56%
Apartment/MHP
$
9,495,500
$
-
$
9,495,500
$ 9,892,400
4.01%
Commercial/Industrial
$
102,349,400
$
23,760,500
$
78,588,900
$ 73,537,900
6.07%
Personal Property'
$
1,023,300
$
-
$
1,023,300
$ 1,023,300
0.00%
Residential
$
590,741,100
$
2,455,600
$
588,285,500
$ 572,356,600
2.78%
Totals —$
705,197,600
$
26,216,100
$
678,981,500
$ 658,196,600
A Anoka County
NOIIITY aa;O 209 aa1AXAT IOM OIVI910n
a
Last Updated: 3/13/2024
0500:COL HEIGHTS CITY
2024 EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Apartment/MHP
$
$ 312,012,500
$ 4,966,100
$ 307,046,400
$ 351,446,900
-12.63%
Commercial/Industrial
$
$ 168,183,900
$ 2,972,500
$ 165,211,400
$ 159,730,800
3,4391
Personal Property"
$
$ 13,491,900
$ -
$ 13,491,900
$ 13,491,900
0.00%
Residential$
$
1,796,894,200
$ 2,402,500
$ 1,794,491,700
$ 1,788,856,600
0.32%
Residential
Totals
10
$ 2,3,348,800
$ 4],527,100
$ 2,262,821,700
$ 2,313,526,200
_2,1951
0600:CIRCLE PINES CITY
Totals $
2024 EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Apartment/MHP
$ 32,219,800
$ -
$ 32,219,800
$ 34,365,000
_6,24%
Commercial/Industrial
$ 19,866,500
$ -
$ 19,866,500
$ 19,189,000
3.53%
Personal Property
$ 607,300
$ -
$ 607,300
$ 607,300
0.00%
Residential
$ 579,655,500
$ 863,700
$ 578,791,800
$ 585,724,000
-1.18%
Totals
$ 632,349,100
$ 863,700
$ 631,485,400
$ 639,885,300
-1.31%
0700:NOWTHEN CITY
2024EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Agricultural
$ 151,530,600
$ 95,700
$ 151,434,900
$ 143,734,000
5.36%
Commercial/Industrial
$ 46,196,500
$ 1,008,100
$ 45,188,400
$ 38,728,000
16.68%
Personal Property-
$ 16,536,300
$ -
$ 16,536,300
$ 16,529,500
0.04%
Residential
$ 702,293,000
$ 5,178,000
$ 697,115,000
$ 697,698,600
_009%
Totals
$ 916,556,400
$ 6,281,800
$ 910,274,600
$ 896,690,100
1.51%
0900:FMDLEYCITY
2024EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Apartment/10HP
$ 634,038,400
$ 1,961,000
$ 632,077,400
$ 663,594,900
-4.75%
Commercial/Industrial
$ 1,486,027,200
$ 1,674,600
$ 1,484,352,600
$ 1,309,026,000
13.39%
Personal Property"
$ 58,839,500
$ -
$ 58,839,500
$ 58,824,300
0.03%
Residential
$ 2,362,859,900
$ 3,676,400
$ 2,359,183,500
$ 2,347,238,900
0.51%
Totals
$ 4,541,765,000
$ 7,312,000
$ 4,534,453,000
$ 4,378,684,100
3.56%
0900:1-MINGTON CITY
2024 EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Apartment/MHP
$ 156,011,300
$ 10,215,000
$ 145,796,300
$ 154,240,300
-5.47%
Commercial/Industrial
$ 25,334,300
$ 49,700
$ 25,284,600
$ 24,904,400
1.53%
Personal Property
$ 428,000
$ -
$ 428,000
$ 428,000
0.00%
Residential
$ 157,417,100
2 455,800
$ 156,961,300
$ 158,216,700
-079%
Totals
$ 339.190.]00
S 10]20.500
S a2R Ain 2nn
< xai asa nm
...,..,
1000:COON RAPIDS CITY
2024 EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Agricultural
$
3,734,300
$ 11,100
$ 3,723,200
$ 3,613,000
3.05%
Apartment/MHP
$
773,879,800
$ 20,647,500
$ 753,232,300
$ 792,153,000
-4.91%
Commercial/Industrial
$
1,344,453,500
$ 38,147,200
$ 1,306,306,300
$ 1,257,284,000
3,90%
Personal Property"
$
62,439,500
$ -
$ 62,439,500
$ 62,558,100
-0.19%
Residential
$
6,265,289,800
$ 24,459,800
$ 6,240,830,000
$ 6,152,026,500
144%
Totals $
8,449,796,900
$ 83,265,600
$ 8,366,531,300
$ 8,267,634,600
1.20%
A Anoka County
:OOP12T Y' a' 6CO205 i1%ATIO N OI VI510H
Last Updated: 3/13/2024
1200:RAMSEYCITY
2024 EMV
2024 NC
2024 EMV
2023 EMV
%Change Less WC
Agricultural
$
48,824,400
$
-
$ 48,824,400
$ 50,930,500
-4.14%
Apartment/MHP
$
207,823,200
$
-
$ 207,823,200
$ 230,003,700
-9.64%
Commercial/Industrial
$
662,897,200
$
29,729,700
$ 633,167,500
$ 641,845,200
-1.35%
Personal Property-
$
36,902,600
$
-
$ 36,902,600
$ 36,166,100
2.04%
Residential
$
3,603,089,600
$
53,739,200
$ 3,549,350,400
$ 3,540,443,400
0.25%
Totals $
4,559,537,000
$
83,468,900
$ 4,476,068,100
$ 4,499,388,900
-0.52%
13001IN0 LAKES CITY
2024EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Agricultural
$
69,169,900
$
46,800
$ 69,123,100
$ 62,773,300
10.12%
Apartment/MHP
$
86,908,200
$
18,867,100
$ 68,041,100
$ 68,470,500
-0.63%
Commercial/Industrial
$
324,511,400
$
7,690,500
$ 316,820,900
$ 289,695,200
9.36%
Personal Property"
$
19,849,800
$
-
$ 19,849,800
$ 19,838,800
0.06%
Residential
$
3,197,910,700
$
54,369,900
$ 3,143,540,800
$ 3,172,723,000
-0.92%
Totals $
3,698,350,000
$
80,974,300
$ 3,617,375,700
5 3,613,500,800
0.111/
1400:EAST BETHEL CITY
2024 EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Agricultural
$
72,893,400
$
1,209,700
$ 71,683,700
$ 63,958,900
12.08%
Apartment/MHP
$
49,213,600
$
58,400
$ 49,155,200
$ 41,734,700
17.78%
Commercial/Industrial
$
128,043,000
$
10,028,400
$ 118,014,600
$ 110,654,700
6.65%
Personal Property"
$
9,927,000
$
-
$ 9,927,000
$ 9,927,000
0.00%
Residential
$
1,609,835,300
$
6,688,500
$ 1,603,146,800
$ 1,595,789,900
0.46%
Totals $
1,969,912,300
$
17,985,000
$ 1,851,927,300
$ 1,822,065,200
1.64%
1500:HILLTOP CITY
2024 EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Apartment/MHP
$
19,547,300
$
-
$ 19,547,300
$ 18,414,700
6.15%
Commercial/Industrial
$
26,330,900
$
-
$ 26,330,900
$ 25,648,000
2.66%
Personal Property
$
164,500
$
-
$ 164,500
$ 164,500
0.00%
Residential
$
5,420,100
$
$ 5,420,100
$ 5,408,900
0.21%
Totals $
51,462,800
$
-
$ 51,462,800
$ 49,636,100
3.68%
3600:51 FRANCIS CITY
2024 EMV
2024 NC
2024 EMV
2023 EMV
%Change Less N/C
Agricultural
$
59,902,000
$
144,000
$ 59,758,000
$ 55,299,500
8.06%
Apartment/MHP
$
41,155,100
$
-
$ 41,155,100
$ 41,353,300
-0.48%
Commercial/Industrial
$
59,146,800
$
1,414,100
$ 57,732,700
$ 53,159,000
8.60%
Personal Property'
$
5,359,100
$
-
$ 5,359,100
$ 5,359,100
0.00%
Residential
$
830,053,400
$
7,913,700
$ 822,139,700
$ 820,718,600
0.17%
Totals $
995,616,400
$
9,471,800
$ 986,144,600
$ 975,889,500
1.05%
Anoka County
PROpFRiY a cop 056 TA%ATION 01V1 SION
Last Updated: 3/13/2024
t 6� �b
1700:HAM LAKE CITY
2024 EMV
2024 NC
2024EMV
2023 EMV
%Change Less
N/C
Agricultural
$ 64,185,500
$ 154,100
$ 64,031,400
$
58,972,900
8.58%
Apartment/MHP
$ 28,389,300
$ 75,000
$ 28,314,300
$
27,398,300
3 34%
Commercial/Industrial
$ 294,354,900
$ 6,520,000
$ 287,834,900
$
266,503,]00
8.00%
Personal Property-
$ 17,565,000
$ -
$ 17,565,000
$
17,539,900
0.14%
Residential$
2,734,903,300
$ 31,662,600
$ 2,703,240,700
$
2,666 239 900
1.39%
Totals
$ 3,139,398,000
$ 38,411,700
$ 3,100,986,300
$
3,036,654,700
2,12%
1800:OAK GROVE CITY
2024 EMV
2024NC
2024EMV
2023 EMV
%Change Less
N/C
Agricultural
$ 58,381,800
$ -
$ 58,381,800
$
58,971,100
-7.00%
Commercial/Industrial
$ 45,556,400
$ 893,900
$ 44,662,500
$
41,426,900
7.81%
Personal Property"
$ 14,439,200
$ -
$. 14,439,200
$
14,439,200
0.00%
Residential
$ 1,488,077,900
$ 18,995,100
$ 1,469,082,800
$
1,459,101,100
0 68%
Totals
11 1,606,455,300
$ 19,889,000
$ 1,586,566,300
$
1,573,938,300
0.80%
1900:COLUMBUS CITY
2024EMV
2024 NC
2024 EMV
2023 EMV
%Change Less
WC
Agricultural
$ 65,186,000
$ 206,000
$ 64,980,000
$
65,133,800
.0,24%
Commercial/Industrial
$ 168,130,300
$ 5,105,200
$ 163,025,100
$
160,979,200
1,27%
Personal Property
$ 5,816,100
$ -
$ 5,816,100
$
5,816,100
0.00%
Residential$
]69,225,700
2 6,204,900
$ 763,020,800
$
755,551,200
099%
Totals
$ 1,008,358,100
$ 11,516,100
$ 996,842,000
$
987,480,300
0.95%
6200:BLAINE CITY
2024 EMV
2024 NC
2024EMV
2023 EMV
%Change Less
N/C
Agricultural
$ 15,501,900
$ -
$ 15,501,900
$
15,747,200
Apartment/MHP
$ 635,992,400
$ 72,697,000
$ 563,295,400
$
590,808,400
.56%
-44.66%
Commercial/Industrial
$ 1,827,107,800
$ 45,040,400
$ 1,782,067,400
$
1,726,811,100
3.20%
Personal Property'
$ 110,155,600
$ -
$ 110,55,600
$
106,287,900
Residential
$ 8,819,589,900
$ 14,838,100
$ 8,804,]751,800
$
8 650 317400
9%
1.79% 1 7g%
Totals
$ 11,408,347,600
$ 132,575,500
$ 11,275,772,100
$
11,089,972,000
.7
1.687
8700:SPRING LK PK CITY
2024 EMV
2024 NC
2024 EMV
2023 EMV
%Change Less
N/C
Apartment/MHP
$ 135,050,700
$ -
$ 135,050,700
$
142,513,00
-5.245/o
Commercial/Industrial
$ 174,279,000
$ 948,200
$ 173,330,800
$
168,989,6600
2.57%
Personal Property
$ 1,130,900
$ -
$ 1,130,900
$
1,130,900
0.00%
Residential
2584,504,800
$ 1,232,500
$ 583,272,300
$
583,712,800
008%
Totals
$ 894,965.400
5 2.190.71710
S Rao 7RA inn
<
Anoka County
GRRORERT^ RECOPOSI T! TIOR.NISI..
Last Updated: 3/13/2024
9C�\b
02:Anoka County
2024 EMV
2024NC
2024 EMV
2023 EMV
%Change Less NIC
Agricultural
$
710,615,600 $
2,366,500
$
708,249,100
$
672,689,700
5.29%
Apartment/MHP
$
3,630,326,000 $
178,419,400
$
3,451,906,600
$
3,652,482,300
-5.49%
Commercial/Industrial
$
7,605,032,900 $
186,101,200
$
7,418,931,700
$
7,057,173,700
5.13%
Personal Property"
$
438,593,900 $
284,800
$
438,309,100
$
434,040,800
0.98%
Residential
$
43,163,235,000 $
417,488,200
$
42,745,746,800
$
42,589,276,200
0.37%
Totals $
55,547,803,400 $
784,660,100
$
54,763,143,300
$
5,405,662,700
*Personal Property includes Locally
Assessed &
State Assessed Property. State
Assessed Proprty Values are
not available until July
so
prior year State Assessed
Values are included in the 2024
EMV Numbers above.
A Anoka County
R 0148 11 REcOROit rA%ATION 01VI51 On
Last Updated: 3/13/2024
Agricultural
% EMV change to existing properties
2024 Assessment
', Anoka County
n RORRrITYl RROORORRTAIAIIOM OIVIRION
uty 4yMnata
Last Updated: 3/13/2024
( Isant.
+1.6% cnsgo
SnPlbll,lp
0.0%
Anoka
vmyht +5.3%
+.17% -0.2%
Mememn Ramsey Washngtw
+2.4% -2.8%
Carver
+9.5%
Scott Dakota
Sibley +2% +4.4%
+2.8%
Le Sue/1 Rke
Residential
% EMV change to existing properties
2024 Assessment
Anoka County
IM011211 41C0R06111;.TION DIVISION
pn.v[:M Inmro�p FVC•1 ,1nn^nu0u
Last Updated: 3/13/2024
".'j 6�, \0
_1
+3.64% chm9
Sherhurne
+2.0% --- —,
Wright +0.40
-.85% +4.2%
HennepinRamsey. Vl35Nfgt0{1
+0.4% -2.49
Calve,
+1.2%
Scott Dakota
Sibley +3.7% -0.1%
+4.9%
Le Sueul Rice
Multi -family ---1
% EMV change to existing properties
2024 Assessment Isanti --
Sherburne
+8.7% C"L'
+10%
Amka
Wright
+8.96%
-4%
Hennepin i Rarrrsey WasMngtpn
+0.3%
Carver
+0.9%
—� Scott _ oar
Sibley -3% -1.9% .-
i
Le Sueur +10%
Anoka County
Rice
.n01
l12
TY nro .IvO iO YoT4YA eIOX XIV1910N -
a - —
Last Updated: 3/13/2024 - -
Commercial
% EMV change to existing properties
2024 Assessment
Shabur e
+12.5%
want
+6.97%
Isanu
+9.25% ch"go
+2.5%
Hem"n RaIrWWashngton
-2.7% +0.2%
Cater --
Scott —
saer t +6%
+7.5
Le Sueur Rke
Anoka County
040r6011 e1p010s.r�AXS110x OIVIIIox
Last Updated: 3/13/2024
Dakota
+4.8%
Industrial
% EMV change to existing properties
2024 Assessment
wngia
+5.68%
Sider
Anoka County
S1100601Y 55q OftD5 a T*XITION DIV1510M
Last Updated: 3/13/2024
Ismti
+9.07%
0.0%
cant
+6.3%
Moka
+5.8%
-1.4%
Hennepn Ramsey Wa&hirgcai
+3.1% +0.8%
Scott Dakota
+7% +5.1%
+6.4%
Le Suelu Rice
3/15/24, 11:38 AM
revenue.state.mn.us/mndor-pp/17741 ?type=html
DEPARTMENT Published on Minnesota Department of Revenue (https://www.revenue.state.mn.us)
M` �(�
11 OF REVENUE Last Updated March 05, 2024 l `d--
Homestead Market Value Exclusion
The Market Value Exclusion reduces the taxable market value for property classified as homestead. By decreasing the taxable
market value, net property taxes are also decreased. For more information about homestead, see Homestead Classification.
Note: For taxes payable in 2024 the maximum exclusion amount is $30,400 for properties valued at $76,000, with no
exclusion for properties valued over $413,800.
For taxes payable In 2025 the maximum exclusion amount was increased to $38,000 for properties valued at $95,000, V
with no exclusion for properties valued over $517,200. Manufactured homes may be eligible for the larger exclusion for
taxes payable in 2024.
How the Exclusion Works
The exclusion reduces the taxable market value of qualifying homestead properties. By decreasing the taxable market value, net
property taxes are also decreased.
How the Exclusion is Calculated for Taxes Payable in 2024
For homesteads valued at $76,000 or less, the exclusion is 40% of the market value, creating a maximum exclusion of $30,400.
The exclusion is reduced as property values increase, and phases out for homesteads valued at $413,800 or more.
Properties that are partial homesteads (for example, when only one of two owners lives there) will have a reduced exclusion
How the Exclusion is Calculated for Taxes Payable in 2025 and Beyond
For taxes payable In 2025:
For homesteads valued at $95,000 or less, the exclusion is 40% of the market value, creating a maximum exclusion of $38,000.
The exclusion is reduced as property values increase and phases out for homesteads valued at $517,200 or more.
Properties that are partial homesteads (for example, when only one of two owners lives there) will have a reduced exclusion
httl)s://www.revenue.state.mn.uslmndor-pp/l7741?tvpe=html
112
3/15/24, 11:38AM
revenue.state.mn. us/condor-pp/17741 ?type=html
Examples
Example 1: A residential homestead with an estimated market value of $280,000
Since this property has a value over $95,000 we need to determine the amount of value over $95,000. Next, we multiply that
amount by 9% to determine the reduction from the maximum of $38,000. This example has an exclusion amount of $21,350.
Homestead Market Value Exclusion Calculation:
1. Initial/Maximum Exclusion: $95,000 x 40%= $38,000
2. Value over $95,000: $280,000 - $95,000 = $185,000
3. Benefit Reduction Amount: $185,000 x 9%= $16,650
4. Final Exclusion Amount: $38,000 - $16,650 = $21,350
5. Taxable Market Value: $280,000 - $21,350 = $258,650
As you can see, this reduces the property's taxable value from $280,000 to $258,650.
Example 2: Residential homestead with an estimated market value of $350,000.
The value of the property has increased therefore the exclusion amount for this property will be reduced.
Since this property has a value over $95,000, we need to determine the amount of value over $95,000. Next, we multiply that
amount by 9% to determine the reduction from the maximum of $38,000. This example has an exclusion amount of $15,050.
Homestead Market Value Exclusion Calculation
1. Initial/Maximum Exclusion: $95,000 x40%= $38,000
2. Value over $95,000: $350,000 - $95,000 = $255,000
3. Benefit Reduction Amount: $255,000 x 9%= $22,950
4. Final Exclusion Amount: $38,000 - $22,950 = $15,050
5. Taxable Market Value: $350,000 - $15,050 = $334,950
As you can see, this reduces the property's taxable value from $350,000 to $334,950.
httos://www.revenue.state.mn.us/condor-oo/17741?tvoe=html 212