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11-28-11 CC
CLAIMS LIST CITY COUNCIL MEETING NOVEMBER 28, 2011 TO: Tami Loff ITEM 3_7 Attached is the Claims List for the City Council. For more details, please refer to the check detail registers. CLAIMS REGISTER 11-17-2011 $ 42,616.65 Check # 50870 - # 50876 11-22-2011 $ 198,595.48 Check # 50877 - # 50922 PAYROLL 11-16-2011 $ 32,072.14 ELECTRONIC PYMTS FOR NOVEMBER: Bldg Permit Surcharge $ 0.00 Century Link $ 275.51 Centerpoint Energy $ 523.98 Dept. of Revenue -Fuel Tax $ 73.64 Dept. of Revenue -Sales Tax $ 0.00 Elk River Utilities $ 2,443.34 Wright -Hennepin $ 15,038.68 Delta Dental $ 1,229.10 Total: $ 19,584.25 GRAND TOTAL $ 292,868.52 If you have any questions or if you would like to review this list further, please let me know. Sue Frisch Bookkeeper CITY OF OTSEGO 11/22/11 2:14 PM Page 1 *Check Summary Register@ NOVEMBER 2011 Name Check Date Check Amt 10100 BANK OF ELK RIVER Paid Chk# 050877 ADAM'S PEST CONTROL INC 11/22/2011 $84.43 QUARTERLY SERVICE Paid Chk# 050878 FLEX ONE - AFLAC 11/22/2011 $50.00 FLEX FEES Paid Chk# 050879 AFLAC 11/22/2011 $1,351.52 SUPPLEMENTAL INSURANCE Paid Chk# 050880 BATTERIES PLUS 11/22/2011 $34.45 BATTERIES Paid Chk# 050881 BEAUDRY OIL & SERVICES INC. 11/22/2011 $7,176.00 GAS & OIL Paid Chk# 050882 CITY OF OTSEGO 11/22/2011 $977.42 5850 RANDOLPH - EAST WWTF Paid Chk# 050883 DON'S BAKERY 11/22/2011 $21.00 COOKIES FOR CC MTG Paid Chk# 050884 ELECTRICAL INSTALLATION & M 11/22/2011 $1,382.54 REPAIR/MAINT @ EAST WWTF Paid Chk# 050885 ENVENTIS TELECOM, INC. 11/22/2011 $567.04 TELEPHONE Paid Chk# 050886 FIRST LAB 11/22/2011 $119.85 RANDOMS - MASS, LAUNDERVILLE, Paid Chk# 050887 HAKANSON ANDERSON ASSOC 11/22/2011 $27,601.49 ROCKWOODS SEWER ISSUE Paid Chk# 050888 HANSEN BROS. FENCE, INC. 11/22/2011 $21,995.00 FRANKFORT PK TENNIS COURT FENC Paid Chk# 050889 HD SUPPLY WATERWORKS, LT 11/22/2011 $400.70 VALVE BOX BOTTOM Paid Chk# 050890 HEALTH PARTNERS 11/22/2011 $6,384.30 DECEMBER MEDICAL Paid Chk# 050891 HELGESON MAILING SERVICE L 11/22/2011 $1,133.49 WINTER 2011 NEWSLETTER Paid Chk# 050892 INK WIZARDS, INC. 11/22/2011 $1,999.05 UNIFORM - BRENT Paid Chk# 050893 JOHN DEERE FINANCIAL 11/22/2011 $428.82 REPAIR PARTS Paid Chk# 050894 LEAGUE OF MN CITIES INS TRU 11/22/2011 $6,627.00 WORKERS COMPENSATION Paid Chk# 050895 TAMI LOFF 11/22/2011 $60.44 MILEAGE Paid Chk# 050896 MENARDS 11/22/2011 $59.71 SLEDGE HAMMERS, IND 2D MAGNET Paid Chk# 050897 METRO WEST INSPECTION SVC 11/22/2011 $9,775.00 BLDG INSP SVCS - 195.5 HRS Paid Chk# 050898 MINNESOTA COPY SYSTEMS 11/22/2011 $63.61 TOSHIBA ESTUDIO 45 MAINT/COPIE Paid Chk# 050899 NELSON ELECTRIC MOTOR REP 11/22/2011 $1,865.98 LS #3 - PUMP #2 REPAIRS Paid Chk# 050900 NEXTEL COMMUNICATIONS 11/22/2011 $418.72 CELL PHONES Paid Chk# 050901 NORTH AMERICAN SALT COMP 11/22/2011 $26,633.71 SALT/SAND Paid Chk# 050902 NORTH MEMORIAL URGENT CA 11/22/2011 $97.00 ABBAS, KNUTSON, LAUNDERVILLE, Paid Chk# 050903 NORTHERN SANITARY SUPPLY 11/22/2011 $241.54 ICE MELTER Paid Chk# 050904 OFFICEMAX - A BOISE CO 11/22/2011 $312.08 OFFICE SUPPLIES Paid Chk# 050905 OMANN BROTHERS INC. 11/22/2011 $120.17 AC MIX Paid Chk# 050906 PEOPLE SERVICE INC. 11/22/2011 $47,278.00 MONTHLY SERVICE Paid Chk# 050907 PRAIRIE RESTORATION, INC. 11/22/2011 $82.60 LANDSCAPE MGMT @ PW Paid Chk# 050908 READY WATT ELECTRIC 11/22/2011 $21,844.36 INSTALLATION OF SIRENS Paid Chk# 050909 RICOH AMERICAS CORPORATIO 11/22/2011 $379.43 RICOH COPIER LEASE Paid Chk# 050910 RICOH AMERICAS CORPORATIO 11/22/2011 $311.70 WIDE FORMAT PRINTER Paid Chk# 050911 STANDARD INSURANCE CO 11/22/2011 $718.52 #150697 DEC LIFE INS Paid Chk# 050912 JESSICA STOCKAMP 11/22/2011 $329.50 REIMBURSE - SANTA DAY BACKDROP Paid Chk# 050913 TERMINAL SUPPLY CO 11/22/2011 $17.67 ROCKER SWITCH Paid Chk# 050914 THE HOOPER GROUP - MG 11/22/2011 $41.00 W/S REFUND - 8350 PARKINGTON Paid Chk# 050915 TRYCO LEASING INC. 11/22/2011 $57.55 ESTUDIO 282 COPIER Paid Chk# 050916 US INTERNET 11/22/2011 $51.25 SECURENCE Paid Chk# 050917 VERIZON WIRELESS 11/22/2011 $97.22 LAP TOP SERVICE Paid Chk# 050918 JASON WAREHIME 11/22/2011 $40.87 REIMBURSE - BIKE FOR BIKE RODE Paid Chk# 050919 WRIGHT COUNTY AUDITOR -TRE 11/22/2011 $1,887.11 OCT FINE/FEE DISB Paid Chk# 050920 WRIGHT COUNTY RECORDER 11/22/2011 $46.00 SUNRAY FARMS 3RD PRELIM/FINAL Paid Chk# 050921 XCEL ENERGY 11/22/2011 $6,156.81 5850 RANDOLPH Paid Chk# 050922 YALE MECHANICAL 11/22/2011 $1,273.83 REPAIRS - CITY HALL Total Checks $198,595.48 CITY OF OTSEGO 11/22/11 2:14 PM Page 1 *Check Detail Register© NOVEMBER 2011 Check Amt Invoice Comment 10100 BANK OF ELK RIVER Paid Chk05087T-11-i2-2/_2011 ADAM'S PEST CONTROL INC E 10141940-390 Contracted Services $84.43 684302 QUARTERLY SERVICE Total ADAM'S PEST CONTROL INC $84.43 Paid Chk# 050878 11/22/2011 AFLAC -FLEX ONE $172.02 5850 RANDOLPH - EAST WWTF E 101-41400-390 Contracted Services $50.00 31065ER FLEX FEES E 101-45200-322 Total AFLAC -FLEX ONE $50.00 6480 MASON - IRRIG Paid Chk# 050879 11/22/2011 AFLAC -INSURANCE $47.29 �- G 101-21706 Hospitalization/Medical Ins $1,351.52 882091 SUPPLEMENTAL INSURANCE 7551 LANCASTER -WEST WWTF Total AFLAC -INSURANCE $1,351.52 $6.41 'Paid Chk# 050880 11/22/2011 BATTERIES PLUS Utilities $6.41 E101-43100-210 Operating Supplies (GENERAL) $34.45 033-830318 BATTERIES 7551 LANCASTER -WEST WWTF Total BATTERIES PLUS $34.45 $35.91 Paid Chk# 050881 11/22/2011 BEAUDRY OIL & SERVICES INC. Utilities E101-43100-202 Gas & Oil $7,176.00 766769 GAS & OIL Total BEAUDRY OIL & SERVICES INC. $7,176.00 Paid Chk# 050882 11/22/2011 CITY OF OTSEGO E 602-49450-322 Utilities $172.02 5850 RANDOLPH - EAST WWTF E 101-45200-322 Utilities $6.41 10400 71 ST - IRRIG E 101-45200-322 Utilities $6.41 6480 MASON - IRRIG E 101-45200-322 Utilities $47.29 5400 RANDOLPH - IRRIG E 602-49450-322 Utilities $507.23 7551 LANCASTER -WEST WWTF E 602-49450-322 Utilities $6.41 7551 LANCASTER -WEST WWTF E 602-49450-322 Utilities $6.41 7551 LANCASTER -WEST WWTF E 602-49450-322 Utilities $136.59 7551 LANCASTER -WEST WWTF E 101-45200-322 Utilities $35.91 15501 83RD - IRRIG E 101-45200-322 Utilities $52.74 11313 77TH - IRRIG Total CITY OF OTSEGO $977.42 Paid Chk# 050883 11/22/2011 DON'S BAKERY E 101-41400-310 Miscellaneous $21.00 6379 COOKIES FOR CC MTG Total DON'S BAKERY $21.00 Paid Chk#M050884 11/22/2011 ELECTRICAL INSTALLATION & MNTC E 602-49450-400 Repairs & Maint - Cont $1,382.54 11928 -IN REPAIR/MAINT @ EAST WWTF Total ELECTRICAL INSTALLATION & MNTC $1,382.54 Paid Chk# 050885 11/22/2011 ENVENTIS E 101-43100-320 Telephone $141.76 TELEPHONE E 101-41400-320 Telephone $141.76 TELEPHONE E 250-42410-320 Telephone $283.52 TELEPHONE Total ENVENTIS $567.04 Paid Chk# 050886 11/22/2011 FIRST LAB E 101-43100-310 Miscellaneous $119.85 468906 RANDOMS - MASS, LAUNDERVILLE, KNUTSON Total FIRST LAB $119.85 Paid Chk# 050887 11/22/2011 HAKANSON ANDERSON ASSOC INC G 701-22315 RIVERWOOD NATIONAL $249.00 28608 RIVERWOOD NAIL E 101-41560-302 Engineering Fees $62.50 28609 GRC LOC E 101-41560-302 Engineering Fees $187.50 28610 ISLAND VIEW BLUFF G 701-22269 BOONDOX BAR & GRILL $513.21 28610 BOONDOX R 101-34330 GRADING REVIEWS $360.00 28611 GRADING REVIEWS CITY OF OTSEGO 11/22/11 2:14 PM Page 2 *Check Detail Register© NOVEMBER 2011 Check Amt Invoice Comment E 101-41560-302 Engineering Fees $655.50 28612 2011 MSAA E 403-43100-302 Engineering Fees $665.91 28613 70TH ST (MARLOWE TO MF) E 101-41560-302 Engineering Fees $907.56 28614 WETLANDS CONS ACT 1991 E 414-49490-302 Engineering Fees $502.49 28615 ISLAND VIEW/KADLER SW ISSUES E 201-43100-302 Engineering Fees $2,112.15 28616 PACKARD/88TH ST E 499-49400-302 Engineering Fees $4,572.65 28617 CITY WELL HEAD PROTECTION E 203-45210-302 Engineering Fees $635.66 28618 OTSEGO ELEM BIKE TRAIL E 203-45210-302 Engineering Fees $668.23 28619 SAFE ROUTES TO SCHOOL BIKE TRAIL E 208-45210-302 Engineering Fees $277.93 28620 PRAIRIE PARK MASTER PLAN E 101-41560-302 Engineering Fees $1,075.93 28620 70TH BIKE PATH E 101-41560-302 Engineering Fees $233.44 28620 BEAUDRY PARK DRAINAGE E 208-45210-302 Engineering Fees $300.00 28620 SPLASH PAD E 203-45210-302 Engineering Fees $281.69 28621 FRANKFORT PARK E 250-42410-302 Engineering Fees $450.00 28622 MISC PERMITS E 101-41560-302 Engineering Fees $50.00 28622 MISC GRADING & SS ISSUES E 602-49450-302 Engineering Fees $200.00 28622 ROCKWOODS SEWER ISSUE E 602-49450-302 Engineering Fees $125.00 28622 MISC W/S E 601-49400-302 Engineering Fees $125.00 28622 MISC W/S E 602-49450-302 Engineering Fees $916.65 28622 LIFESPAN CASTINGS E 101-41560-302 Engineering Fees $1,314.94 28622 MISC ENG E 101-41560-302 Engineering Fees $398.18 28623 CITY MAP E 101-41560-302 Engineering Fees $346.50 28624 PUBLIC WORKS E 101-41560-302 Engineering Fees $433.30 28625 STAFF MEETINGS E 101-41400-348 Maps $4,538.84 28626 GOPHER ONE LOCATES E 101-41560-302 Engineering Fees $1,053.18 28627 SIGN POLICY E 222-49490-302 Engineering Fees $1,887.09 28628 OTSEGO NPDES PHASE II E 101-41560-302 Engineering Fees $100.00 28628 OTSEGO NPDES PHASE II G 703-21980 Hidden Creek Trail Subd $1,351.46 28631 HIDDEN CREEK TRAILS E 602-49450-302 Engineering Fees $50.00 28632 L1 BLK1 PL CRK FARMS Total HAKANSON ANDERSON ASSOC INC $27,601.49 Paid Chk# 050888 11/22/2011 HANSEN BROS. FENCE E 203-45210-390 Contracted Services Total HANSEN BROS. FENCE $21,995.00 $21,995.00 16851 FRANKFORT PK TENNIS COURT FENCING E 601-49400-220 Repair/Maint Supply (GENERAL) $186.60 4052175 VALVE BOX, T VALVE EXT E 601-49400-220 Repair/Maint Supply (GENERAL) $88.03 4057260 VALVE BOX BOTTOM E 601-49400-220 Repair/Maint Supply (GENERAL) $126.07 4058204 ADAPTER GATE VALVE Total HD SUPPLY WATERWORKS, LTD $400.70 Paid Chk# 050890 11/22/2011 HEALTH PARTNERS E 250-42410-123 Health $804.60 38872858 DECEMBER MEDICAL E 101-43100-123 Health $3,392.80 38872858 DECEMBER MEDICAL E 101-41400-123 Health $1,068.00 38872858 DECEMBER MEDICAL E 101-41600-123 Health $1,118.90 38872858 DECEMBER MEDICAL Total HEALTH PARTNERS $6,384.30 pPaid Chk# 050891 11/22/2011 HELGESON MAILING SERVICE LLC E 101-41400-347 Newsletter $1,133.49 3_8.33 WINTER 2011 NEWSLETTER Total HELGESON MAILING SERVICE LLC $1,133.49 Paid Chk# 050892 11/22/2011 INK WIZARDS, INC E 101-43100-225 Uniforms/Clothing Allowance $381.85 60334 UNIFORM - BRAD S E 101-43100-225 Uniforms/Clothing Allowance $331.60 60335 UNIFORM - RICK K E 101-43100-225 Uniforms/Clothing Allowance $356.05 60336 UNIFORM - KEVIN E 101-43100-225 Uniforms/Clothing Allowance $357.65 60337 UNIFORM - STEVE E 101-43100-225 Uniforms/Clothing Allowance $295.20 60338 UNIFORM - PAT CITY OF OTSEGO 11/22/11 2:14 PM Page 3 *Check Detail Register© NOVEMBER 2011 Check Amt Invoice Comment E 101-43100-225 Uniforms/Clothing Allowance $276.70 60339 UNIFORM - BRENT Total INK WIZARDS, INC. $1,999.05 Paid Chk# 050893 11/22/2011 JOHN DEERE FINANCIAL E10145200-220 Repair/Maint Supply (GENERAL) E 101-45200-220 Repair/Maint Supply (GENERAL) E 101-45200-220 Repair/Maint Supply (GENERAL) Total JOHN DEERE FINANCIAL $242.72 1086926 REPAIR PARTS $29.04 1087003 REPAIR PARTS $157.06 1087346 REPAIR PARTS $428.82 Paid Chk# 050894 11/22/2011 LEAGUE OF MN CITIES INS TRUST r E 101-43100-204 Insurance $8,481.00 21567 WORKERS COMPENSATION E 101-45200-204 Insurance ($726.00) 21567 WORKERS COMPENSATION E 101-41400-204 Insurance ($1,128.00) 21567 WORKERS COMPENSATION Total LEAGUE OF MN CITIES INS TRUST $6,627.00 Paid Chk# 050895 11/22/22011 LOFF, TAMI E 101-41400-321 Mileage/Travel $60.44 MILEAGE Total LOFF, TAMI $60.44 Paid Chk# 050896 11/22/2011 MENARDS E 101-43100-240 Small Tools/Equipment $35.73 16075 SLEDGE HAMMERS, IND 2D MAGNET E101-43100-210 Operating Supplies (GENERAL) $23.98 16075 WOOD LATH Total MENARDS $59.71 Paid Chk# 050897 11/22/2011 METRO WEST INSPECTION SVC INC. E 250-42410-390 Contracted Services $9,775.00 BLDG INSP SVCS - 195.5 HRS Total METRO WEST INSPECTION SVC INC. $9,775.00 Paid Ch -W-050898 11/22/2011 MINNESOTA COPY SYSTEMS E 101-41400-413 Office Equipment Rentals $42.23 79646 TOSHIBA ESTUDIO 45 MAINT/COPIES E 101-43100-413 Office Equipment Rentals $21.38 79646 TOSHIBA ESTUDIO 282 MAINT/COPIES Total MINNESOTA COPY SYSTEMS $63.61 Paid Chk# 050899 11/22/2011 NELSON ELECTRIC MOTOR REPAIR E 602-49450-400 Repairs & Maint - Cont $250.00 5528 LS #1 - PULLED PUMPS/REMOVE DEBRIS E 602-49450-400 Repairs & Maint - Cont $1,615.98 5529 LS #3 - PUMP #2 REPAIRS Total NELSON ELECTRIC MOTOR REPAIR $1,865.98 Paid Chk# 050900 —1'1%22/2011 NEXTEL COMMUNICATIONS E 101-43100-320 Telephone $279.15 184430382-04 CELL PHONES E 250-42410-320 Telephone $139.57 184430382-04 CELL PHONES Total NEXTEL COMMUNICATIONS $418.72 Paid Chk# 050901 11/22/2011 NORTH AMERICAN SALT COMPANY E101-43100-372 Salt & Sand $14,173.59 70753457 SALT/SAND E101-43100-372 Salt & Sand $5,372.25 70754381 SALT/SAND E101-43100-372 Salt & Sand $7,087.87 70755123 SALT/SAND Total NORTH AMERICAN SALT COMPANY $26,633.71 Pad Chk# 05005090211/22/2011 NORTH MEMORIAL URGENT CARE E 101-43100-310 Miscellaneous $97.00 ABBAS, KNUTSON, LAUNDERVILLE, MASS Total NORTH MEMORIAL URGENT CARE $97.00 PaidChk# 05090311/22/2011 NORTHERN SANITARY SUPPLY CO E 101-43100-372 Salt & Sand $241.54 151758 ICE MELTER Total NORTHERN SANITARY SUPPLY CO $241.54 Paid Chk# 050904 11/22/2011 OFFICEMAX E101-41400-201 Office Supplies and Expenses $76.44 453450 OFFICE SUPPLIES CITY OF OTSEGO 11/22/11 2:14 PM Page 4 *Check Detail Register© NOVEMBER 2011 Paid Chk# 050907 11/22/2011 PRAIRIE RESTORATION, INC. E 101-43100-402 Repairs/Maint Buildings $82.60 18813 LANDSCAPE MGMT @ PW Total PRAIRIE RESTORATION, INC. $82.60 Paid Chk# 050908 11%22/2011 READY WATT ELECTRIC-�� Check Amt Invoice Comment E 101-41400-201 Office Supplies and Expenses $67.45 595496 OFFICE SUPPLIES E101-41600-201 Office Supplies and Expenses $130.14 595496 OFFICE SUPPLIES E101-41400-201 Office Supplies and Expenses $38.05 630494 OFFICE SUPPLIES Total OFFICEMAX $312.08 . .i:; �i 6 W�»>,.. ff Paid Chk# 050905 .11 / .. /2– - .. N _.,.._.......__..._..1-.. ----- 11/22/2011 OMANN BROTHERS INC. - ---- - .,..._N,.,�.,_�w._. E 101-43100-434 Blacktop Supplies $120.17 9467 AC MIX Total OMANN BROTHERS INC. $120.17 Paid Chk# 050906 11/22/2011 PEOPLE SERVICE INC. E 601-49400-390 Contracted Services $14,703.46 18601 MONTHLY SERVICE E 602-49450-390 Contracted Services $32,574.54 18601 MONTHLY SERVICE Total PEOPLE SERVICE INC. $47,278.00 Paid Chk# 050907 11/22/2011 PRAIRIE RESTORATION, INC. E 101-43100-402 Repairs/Maint Buildings $82.60 18813 LANDSCAPE MGMT @ PW Total PRAIRIE RESTORATION, INC. $82.60 Paid Chk# 050908 11%22/2011 READY WATT ELECTRIC-�� E 414-42000-390 Contracted Services $21,844.36 95945 INSTALLATION OF SIRENS $101.45 Total READY WATT ELECTRIC $21,844.36 Paid Chk# 050909 11/22/2011 RICOH AMERICAS CORPORATION E101-41400-413 Office Equipment Rentals $379.43 13992087 RICOH COPIER LEASE Total RICOH AMERICAS CORPORATION $379.43 Paid Chk# 050910 11/22%2011 RICOH AMERICAS CORPORATION E250-42410-410 Rentals (GENERAL) $311.70 13992088 WIDE FORMAT PRINTER Total RICOH AMERICAS CORPORATION $311.70 Paid Chk# 050911 11/22/2011 STANDARD INSURANCE CO E 602-49450-130 Employer Paid Ins (GENERAL) E 101-43100-130 Employer Paid Ins (GENERAL) E 250-42410-130 Employer Paid Ins (GENERAL) E 101-41600-130 Employer Paid Ins (GENERAL) E 101-41400-130 Employer Paid Ins (GENERAL) E 601-49400-130 Employer Paid Ins (GENERAL) Total STANDARD INSURANCE CO $12.41 #150697 DEC LIFE INS $319.68 #150697 DEC LIFE INS $101.45 #150697 DEC LIFE INS $143.22 #150697 DEC LIFE INS $129.36 #150697 DEC LIFE INS $12.40 #150697 DEC LIFE INS $718.52 .„_. a., r l T .� Paid Chk# 0-5061-2-1 1/22/2011 STOCKAMP, JESSICA E 101-45250-440 Recreation Programming $329.50 REIMBURSE - SANTA DAY BACKDROP Total STOCKAMP, JESSICA $329.50 wPaid Chk# 05091311%22/2011 TERMINAL SUPPLY CO, INC. E101-43100-210 Operating Supplies (GENERAL) $17.67 89136-00 ROCKER SWITCH Total TERMINAL SUPPLY CO, INC. $17.67 Paid Chk# 050914 11/22/2011 THE HOOPER GROUP - MG R 601-37150 WATER SALES $41.00 19100-03 W/S REFUND - 8350 PARKINGTON Total THE HOOPER GROUP - MG $41.00 Paid Chk# -050915 11/22/2011 TRYCO LEASING INC. E101-43100-413 Office Equipment Rentals $57.55 5799 ESTUDIO 282 COPIER Total TRYCO LEASING INC. $57.55 'Paid Chk# 050916 11/22/2011 US INTERNET E 101-41400-390 Contracted Services $51.25 957227 SECURENCE Total US INTERNET $51.25 CITY OF OTSEGO 11/22/11 2:14 PM Page 5 *Check Detail Register© NOVEMBER 2011 Check Amt Invoice Comment Paid Chk# 050917 11/22/2011 VERIZON WIRELESS E 101-43100-320 Telephone $97.22 2653351856 LAP TOP SERVICE Total VERIZON WIRELESS $97.22 Paid Chk# 050918 11/22/2011 WAREHIME, JASON E 101-42150-310 Miscellaneous $40.87 REIMBURSE - BIKE FOR BIKE RODEO Total WAREHIME, JASON $40.87 Pai_ Chk# 050919 11/22%2011 WRIGHT COUNTY AUDITOR -TREASURE E 101-42100-390 Contracted Services $1,887.11 OCT FINE/FEE DISB tal WRIGHT COUNTY AUDITOR -TREASURE $1,887.11 Paid Chk# 050920 11/22/2011 WRIGHT COUNTY RECORDER E 101-41400-340 Recording Fees $46.00 SUNRAY FARMS 3RD PRELIM/FINAL PLAT Total WRIGHT COUNTY RECORDER $46.00 Paid Chk# 050921 11/22/2011 XCEL ENERGY E 602-49450-322 Utilities $3,674.60 5850 RANDOLPH E 601-49400-322 Utilities $173.29 16575 61 ST - WT #3 E 101-43160-322 Utilities $28.44 16501 53RD ST E 601-49400-322 Utilities $535.32 5740 RANDOLPH - WELL #8 E 101-45200-322 Utilities $206.91 5400 RANDOLPH - PARK E 601-49400-322 Utilities $1,386.89 5750 RANDOLPH - WELL #3 E 602-49450-322 Utilities $45.72 17388 52ND ST E 60249450-322 Utilities $105.64 16935 56TH CT Total XCEL ENERGY $6,156.81 Paid Chk# 050922 11/22/2011 YALE MECHANICAL E101-41940-402 Repairs/Maint Buildings $566.26 123030 E 101-41940-402 Repairs/Maint Buildings $707.57 124851 Total YALE MECHANICAL $1,273.83 10100 BANK OF ELK RIVER Fund Summary $198,595.48 10100 BANK OF ELK RIVER 101 GENERAL FUND $69,713.01 201 STREET PAVEMENT MANAGEMENT $2,112.15 203 PARK DEVELOPMENT $23,580.58 208 COMMUNITY FACILITIES FUND $577.93 222 Citywide Stormwater(NPDES II) $1,887.09 250 Comm. Dev. & Bldg Safety $11,865.84 403 COLLECTOR RDS (FORMERLY MSA) $665.91 414 Revolving Capital Improvements $22,346.85 499 WELLHEAD PROTECTION PROJECT $4,572.65 601 WATER FUND $17,378.06 602 SEWER FUND $41,781.74 701 DEVELOPMENT ESCROWS FUND $762.21 703 Wetland Escrows $1,351.46 $198,595.48 FALL MAINT - CITY HALL REPAIRS - CITY HALL CITY OF OTSEGO 11/17/11 8:48 AM Page 1 *Check Summary Register© NOVEMBER 2011 Name Check Date Check Amt 10100 BANK OF ELK RIVER Paid Chk# 050870 MARY SCHMAUS 11/16/2011 $4.64 REIMBURSE - VACATION PERA DEDU Paid Chk# 050871 ALLIANCE BENEFIT GROUP HSA 11/17/2011 $480.73 PPE 11/12/11 CH DTD 11/16/11 Paid Chk# 050872 COUNTY LINE EXCAVATING LLC 11/17/2011 $29,571.00 88TH ST/PACKARD STREET SW IMPR Paid Chk# 050873 FEHN COMPANIES 11/17/2011 $7,864.48 ISLAND VIEW ESTATES DRAINAGE Paid Chk# 050874 ICMA RETIREMENT TRUST 11/17/2011 $75.00 PLAN #304185 Paid Chk# 050875 TAMI LOFF 11/17/2011 $73.47 REIMBURSE - OFFICEMAX CC MTG I Paid Chk# 050876 PUBLIC EMPLOYEES RETIREME 11/17/2011 $4,547.33 #677600 PPE 11/12/11 Total Checks $42,616.65 CITY OF OTSEGO 11/17/11 8:48 AM Page 1 *Check Detail Register© NOVEMBER 2011 Check Amt Invoice Comment 10100 BANK OF ELK RIVER Paid Chk#�05087�0 ���11%16/2011 SCHMAUS, MARY ��� � � � _____ E 250-42410-121 PERA $4.64 REIMBURSE - VACATION PERA DEDUCTION Total SCHMAUS, MARY $4.64 Paid Chk# 050871 11/17/2011 ALLIANCE BENEFIT GROUP G 101-21706 Hospitalization/Medical Ins $480.73 PPE 11/12/11 CH DTD 11/16/11 Total ALLIANCE BENEFIT GROUP $480.73 .P,Gd Chk# 05 087 — 211/17/_20 11 CO UN—TY _ LINE —EXCAVATING AVATING LLC E 201-43100-400 Repairs & Maint - Cont $29,571.00 PAY #1 - FINA 88TH ST/PACKARD STREET SW IMPR Total COUNTY LINE EXCAVATING LLC $29,571.00 Paid 76hi 050873 11/17/2011 FEHN COMPANIES E 414-49490-390 Contracted Services $7,864.48 PAY #1 ISLAND VIEW ESTATES DRAINAGE Total FEHN COMPANIES $7,864.48 Paid dhk# 050874 11/17/2011 ICMA RETIREMENT TRUST ----- "— G 101-21705 Other Retirement $75.00 PLAN #304185 Total ICMA RETIREMENT TRUST $75.00 Paid Chk# 050875 —11/17/2011 LOFF, TAMh�� E 101-41400-201 Office Supplies and Expenses $73.47 REIMBURSE - OFFICEMAX CC MTG ITEMS Total LOFF, TAMI $73.47 Paid Chk# 050876 11/17/2011 PUBLIC EMPLOYEES RETIREMENT FD E 602-49450-121 PERA E 601-49400-121 PERA E 250-42410-121 PERA E 101-43100-121 PERA E 101-41600-121 PERA E 101-41400-121 PERA G 101-21704 PERA #677600 PPE 11/12/11 )tal PUBLIC EMPLOYEES RETIREMENT FD Fund Summary $48.31 #677600 PPE 11/12/11 $48.31 #677600 PPE 11/12/11 $179.93 #677600 PPE 11/12/11 $1,089.18 #677600 PPE 11/12/11 $509.64 #677600 PPE 11/12/11 $566.69 #677600 PPE 11/12/11 $2,105.27 #677600 PPE 11/12/11 $4,547.33 10100 BANK OF ELK RIVER $42,616.65 10100 BANK OF ELK RIVER 101 GENERAL FUND $4,899.98 201 STREET PAVEMENT MANAGEMENT $29,571.00 250 Comm. Dev. & Bldg Safety $184.57 414 Revolving Capital Improvements $7,864.48 601 WATER FUND $48.31 602 SEWER FUND $48.31 $42,616.65 ITEM 3-2 OTSEGO CITY COUNCIL MEETING OTSEGO CITY HALL NOVEMBER 14, 2011 7:00 PM Call to Order. Mayor Jessica Stockamp called the meeting to order at 7:00 PM. Roll Call: Mayor Jessica Stockamp; Councilmembers: Vern Heidner, Dan Scharber, Doug Schroeder and Tom Darkenwald. Staff: Lori Johnson, City Administrator; Gary Groen, Finance Director; Tami Loff, City Clerk; Daniel Licht, City Planner; Ron Wagner, City Engineer and Andy MacArthur, City Attorney. Pledge of Allegiance: Mayor Stockamp led in the Pledge of Allegiance. 1. Open Forum. Rhonda Baack, President of I-94 West Chamber of Commerce, Ms. Baack gave an update on the I-94 Corridor Coalition activities. CM Darkenwald asked if the City of St. Michael has contributed. Ms. Baack said that they have expressed that they will and she will be going in front of their City Council next Tuesday. 2. Consider agenda approval. CM Heidner motioned to approve as written. Seconded by CM Schroeder. All in favor. Motion carried. 3. Consent Agenda. (Non -controversial items. 3.1 Approve Claims List. 3.2 Approve October 24, 2011 City Council Meeting Minutes. 3.3 Approve October 24, 2011 City Council Budget Meeting Minutes. 3.4 Approve Sound System quote. 3.5 Approve Resolution 2011-55 water/utility assessments. 3.6 Approve Pay Estimate & Resolution for Island View Estates assessment. 3.7 Set time change for the November 28 City Council meeting to 6:00 PM and set City Council worksession for November 28. 3.8 Approve Pay Estimate for 88th St/Packard Ave Storm Sewer in the amount of $29,571 to County Line Excavation. 3.9 Approve On -Sale & Special Sunday liquor license for Boondox Bar & Grille. 3.10 Approve Public Works Seasonal employees. 3.11 Approve Snow Policy. 3.12 Approve Resolution 2011-59 authorizing draw on Great River Centre (Appello) LOC. CM Heidner motioned to approve. Seconded by CM Scharber. All in favor. Motion carried. 4. Public Hearinas: 4.1 Proposed Assessments for unpaid Administrative Fines and Service Charges related to Code Enforcement and Escrow Accounts related to Development (continued from October 24, 20111. A. City Clerk attests to legal notice. B. Comments by City Attorney. C. Presentation of proposed assessment roll. City Council Meeting November 14, 2011. D. Public Comments. E. Close the Public Hearing. F. Approve Resolution 2011-56. City Clerk Loff attested that all the proper noticing, posting and publication was completed. City Attorney reviewed the process. City Planner Licht presented the Planners report. Mayor Stockamp opened the Public Hearing at 7:10 PM. Randal Begin, 9227 Napier Avenue, said that the right of way on his property was cut and he was wondering if he is being assessed for that. City Planner Licht said Mr. Begins property has not been notices and is not being assessed. Hearing no other comments Mayor Stockamp closed the Public Hearing at 7:12 PM. CM Heidner motioned to approve Resolution 2011-56 approving assessments for unpaid administrative fines and service charges related to code enforcement and escrow accounts related to development. Seconded by CM Scharber. All in favor. Motion carried. 4.2 Establishment of Special Service District. A. City Clerk attests to legal notice. B. Comments by City Attorney. C. Presentation of proposed assessment roll. D. Public Comments. E. Close the Public Hearing. F. Approve Resolution 2011-57. City Clerk Loff attested that all the proper noticing, posting and publication was completed. City attorney reviewed the process. City Planner Licht presented the Planners report. Mayor Stockamp opened the Public Hearing at 7:13 PM. Hearing no public comment Mayor Stockamp closed the Public Hearing at 7:15 PM. CM Darkenwald asked if just the two lots on left of Parrish Avenue presented on the map provided is accurate. City Planner Licht said yes. The former Godfathers Pizza property provides its own lights. CM Scharber motioned to approve Resolution 2011-57 adopting 2012 special service charges for the Above Standard Street Lighting System Special Service District. Seconded by CM Schroeder. All in favor. Motion carried. 5. Community Development. 5.1 Resolution 2011- 58 of su000rt for Mississippi River Trail/Bikeway. City Planner presented the Planners report. CM Darkenwald said this could be a great benefit in the future and in drawing more attention to the city. City Administrator Johnson said she is also asking the City Council for approval for more staff time to work with the Mississippi River Trail (MRT) to promote Otsego as a destination point on the trail. City Administrator Johnson said this is an economic development opportunity and that staff will be working with local retailers to encourage them to develop a plan to attract riders to their businesses. The City Council agreed. CM Schroeder motioned to approve Resolution 2011-58 offering initial support to the MRT bikeway. Seconded by Mayor Stockamp. All in favor. Motion carried. 6. Administration. 6.1 I- 94 Corridor Coalition. City Administrator Johnson presented the staff report. The coalition is asking for membership dues from Otsego at $.50 per capita. CM Darkenwald said he has worked on the Coalition for three years and they have made some progress. CM Darkenwald said he feels there is importance of transportation in our city. City Council Meeting November 14, 2011. CM Heidner said it seems the Coalition is asking for more contribution from city/townships than the local businesses that will be benefiting from it. Mayor Stockamp said she agrees. CM Darkenwald asked City Attorney MacArthur if he should abstain from voting since he is on the board of the Coalition. City Attorney MacArthur recommended CM Darkenwald abstain. CM Darkenwald asked what other information the City Council is looking for. CM Heidner said other business and other community funding. CM Heidner asked if the City of Rogers is contributing. CM Darkenwald said that the Coalition had gone in front of the Rogers City Council at their last meeting and are waiting for their decision on how much Rogers will contribute. CM Darkenwald said they will be going in front of Wright County as well. CM Darkenwald said he strongly supports this. CM Scharber motioned to table. Seconded by CM Heidner. Motion carried 4-0. CM Darkenwald abstained. 6.2 Approve WebQA Services agreement. City Administrator Johnson presented the staff report. City Administrator Johnson said we are looking for a motion to rescind the GIS Rangers work order system. CM Heidner motioned to rescind the motioned to approve agreement with GIS Rangers work order system. Seconded by CM Schroeder. All in favor. Motion carried. CM Darkenwald said the WebQA would require $1500 a year for hosting what are we currently paying GIS Rangers? City Administrator Johnson said that work order system has not been implemented yet. She stated the proposed hosting fee was $948 per year. CM Darkenwald asked City Attorney MacArthur if he has looked at the WebQA agreement. City Attorney MacArthur said yes he has reviewed and it is acceptable. CM Heidner motioned to enter into an agreement with WebQA work order system. Seconded by CM Schroeder. All in favor. Motion carried. 6.3 GIS Rangers. City Administrator Johnson presented the staff report. CM Darkenwald said in the GIS Rangers proposal it states that they will not bill the City from starting date of October 20, 2011 to December 31, 2012; have we paid anything since that date? City Administrator Johnson said no we have not. CM Darkenwald said if we went out for RFP how many proposals do you think we would get. City Administrator Johnson said probably at least three. CM Darkenwald asked the reason we are not going out for RFP at this time. City Administrator Johnson said because GIS Rangers has submitted a proposal to fix the issues and provide service for one year all at no cost to the City. CM Schroeder motioned to approve the October 20, 2011 proposal from GIS Rangers and delay the RFP for one year. Seconded by CM Heidner. All in favor. Motion carried. 6.4 2012 Health Insurance renewal. Finance Director Groen presented the staff report. CM Heidner asked if the city can still contribute to the H.S.A. account this year to the employee that has a spouse with H.S.A. Finance Director Groen said yes can contribute until the end of the year. CM Heidner motioned to approve contract for 2012 with Health Partners in the amount of $74,323.68 and with contribution from the city in the amount of $10,000 and make contribution to the employee's spouses H.S.A. account for 2012 and 2011. Seconded by CM Schroeder. All in favor. Motion carried. City Council Meeting November 14, 2011. 7. City Council Reports and Updates. Mayor Stockamp thanked City staff for preparation for the joint meeting tonight with the Commissioners. 8. Staff Reports and Updates. City Administrator Johnson said City Attorney MacArthur has been working with Appello and we may need a special City Council meeting to address the LOC for Great River Centre. The City Council said Tuesday the 22 at 5:30 PM if needed. City Planner Licht gave a New River Medical Center update. 9. Adjourn. CM Scharber motioned to adjourn. Seconded by CM Darkenwald. All in favor. Motion carried. Adjourned at 8:00 PM. ATTEST: Tami Loff, City Clerk 4 Mayor Jessica Stockamp ITEM 3.3 SPECIAL MEETING JOINT MEETING OF THE CITY COUNCIL AND CITY COMMISSIONS MONDAY, NOVEMBER 14, 2011 5:30 PM 1. Mayor Stockamp will call the meeting to order. Mayor Stockamp called the meeting to order at 5:30 PM. Roll call: Mayor Jessica Stockamp; Councilmembers: Vern Heidner, Doug Schroeder, Tom Darkenwald and Dan Scharber. Staff: Lori Johnson, City Administrator; Gary Groen, Finance Director; Tami Loff, City Clerk; Brad Belair, Public Works Supervisor; Daniel Licht, City Planner; Ron Wagner, City Engineer; Andy MacArthur, City Attorney; and Kim Welter, Graphic Designer. Heritage Preservation Commission: Toni Seroshek, Gail Anderson, John Noll, Chris Wilson and Tom Constant. Parks and Recreation Commission: Rose Cassady, Peter Torresani, Kathy Roberts, Susan Krekelberg, Triste Freeburg and Charles VonBerg. Planning Commission: Pam Black, David Thompson, Jim Kolles, Brian Gerten and Tammie Fallon. Police Commission: Dana Vandenberg, Joel Torkelson, Paul Fields and Jason Warehime. 2. Welcome by Mayor Stockamp. Mayor Stockamp welcomed the commissioners and thanked them for their service. 3. Logo/marketing presentation and discussion. City Administrator Johnson unveiled the proposed logo designs and tag lines. There was discussion on the revamping of the city's website which will coincide with the new city logo. She stressed the importance of improving the city's economic development efforts to add tax base and jobs to the city. The city's website is the place most developers access when doing a location search; therefore, it is important that the website be updated and showcase the city in a positive manner. The logo is part of that update. Use of the logo on the website is the main reason for the update. She further stated that each commission should think about what information they want on the website. 4. Adjourn no later than 6:45 PM. Meeting adjourned at 6:01 PM. ATTEST: Tami Loff, City Clerk Mayor Jessica Stockamp ITEM 3-4 Otsego Heritage Preservation Commission — Oct. 11, 2011 Present: Tom Constant, John Noll, Chris Wilson The agenda was changed so that Toni Seroshek and Gail Anderson will give their report of the SHPO conference at the next OHPC mtg. Nov. 8``'. They were unable to attend this meeting due to a death in the family. Our condolences are offered. The item referencing database design for the archives will be dealt with at the next meeting as well; and Laura Schroeder will be available for consulting at that time. We welcomed Tom Constant as a new OHPC commissioner. The festival was considered a success; many people stopped by to look at displays, pick up river history maps, ask questions and buy books. The Mississippi River map was well received but if more are printed, it is suggested that an attempt be made to clarify some of the small type with photos. Jessica told us that 11 people have responded so far to be a part of the McDonald house archaeological dig, that someone from the public works dept will make sure the house is open, and that Dan will bring drinking water. Tom volunteered to be there at Sam, Fri. 10/14 Chris, Sat, 10/15 John, Sun, 10/16 Veit will be taking the bldg. down on the 18" We agreed to start thinking individually about what information should be included in signage at the Prairie Park pavillion. Jessica explained that the special meeting on Monday November 14' in the public works bldg. with the city council and all commissioners will seek input about web site set up, logo possibilities, and marketing approaches. Light refreshments will be served. The meeting was adjourned at 8:10 Chris Wilson(sub-secretary) ITEM 3-5 Otsego Police Commission Minutes October 11, 2011 Present: Jason Warehime, Mayor Jessica Stockamp, Dana VanDenBerg, Joel Torkelson, Paul Fields John Hinnenkamp. Police Officer: Pete Walker Meeting called to order at: 6:30 p.m. Informational Handouts reviewed Agenda: APPROVED MINUTES from: September 13, 2011- Approved OPEN FORUM (5 minute limit) / Law Enforcement Update: Mostly quiet. Not many Police/emergency calls. Nothing noteworthy to report. OLD BUISNESS: Discuss PC Candidates: We have another candidate interested in the Police Commission we will plan to interview this person at our November meeting. Police Commission decided to do road clean up on Sunday October 16 at 4:00 p.m. due to the lack of sun light. McGruff Updates will be discussed at our next meeting NEW BUSINESS: Please look in the Otsego View for more information regarding the Wright County Drug Take Back Program. Wright County will be having a National Drug Take Back on October 29, 2011. Police Commission approved a special meeting on November 14, 2011 at Otsego City Hall. Joel will be updating the Police Commission as needed on meeting s that he attends with the Safe School Program. Calendar of Events: Pumpkin Patch October 22nd Otsego View Submission Dates — Summer (May 6th), Fall (July 22), Winter (October 7) City Council Meeting Updates: • September 26 — Dana — Nothing to report • October 10 — Paul — Nothing to report City Council Meeting assignments: • October 24, 2011 -Joel • November 14, 2011- Jason Next Meeting November 15, 2011 NOTICE OF DATE CHANGE Meeting Adjourned 7:46p.m. ITEM 3_6 OTSEGO PARKS AND RECREATION COMMISSION MEETING OTSEGO CITY HALL October 12, 2011 7:00 PM Call to Order. Chair Mike Brumm called the meeting to order at 7:OOPM. Roll Call: Chair Mike Brumm; Commission Members; Rose Cassady, Kathy Roberts, Susan Krekelberg, Peter Torresani, Jim Kjendle, Triste Freeburg and Charles VonBerg; Absent: Vice Chair Krista Bean. City Council; Council Member Doug Schroeder and Mayor Jessica Stockamp. City Staff; Brad Belair, Public Works Supervisor, Sandy Lindenfelser, Special Licensing and Daniel Licht, City Planner. 1. Open Forum: No Items. 2. Consider Agenda Approval. Commissioner Torresani motioned to approve the agenda as written. Seconded by Commissioner Krekelberg. All in favor. Motion carried 3. Consider the Following Minutes: 3.1. September 14, 2011 Regular Meeting Minutes. Commissioner Roberts motioned to approve the minutes as written. Seconded by Commissioner Kjendle. All in favor. Motion carried. 4. Unfinished Business: 4.1. Prairie Park shelter modifications. City Planner Licht presented the requested quotes for the installation of sidewalls along a portion of the existing shelter in Prairie Park. The reason for the sidewall addition is to reduce the amount of wind passing through the shelter. It was noted that there would be a four (4) foot opening along the west wall due to the location of the electrical box. City Planner Licht told the commission that another option would be to install pine trees along those borders as a natural wind break and at a much lesser cost. Commissioners questioned the types of trees and whether this would block the view of the playground area. City Planner Licht explained that the trees would block the view of the parking lot and that of the ball fields. City staff would like input from the Parks and Recreation Commission as to how they want to precede. Commissioners will wait until after the Pumpkin Day event to make their decision. 5. New Business. 5.1. Prairie Park Master Plan. City Planner Licht presented information regarding the Master Plan for Prairie Park noting that City staff will be working on a Capital Improvement Plan over the next five (5) years on the City's park and trail system. Commissioners discussed the need for more shelters in Prairie Park, looking at possibly putting in one big one or a few smaller ones. The possibility of an ice rink was also discussed. Commissioner Torresani noted that the Commission should look at these options and discuss whether to put this much money into improving one park or look at putting in another major park in the City also noting that the costs will not come through park dedication funds. City Planner Licht said that City staff will take the comments from tonight and prepare additional information for review at the November meeting. 5.2. Motion to call a Special Meeting with City Council and Commissioners to discuss City Logo, brand and marketing on November 14, 2011 at 5:30PM City Planner Licht gave an explanation as to what the purpose of the meeting is for. Commissioner Krekelberg motioned to approve a Special Meeting with City Council to discuss the City Logo, brand and marketing on November 14, 2011 at 5:30pm. Seconded by Commissioner Torresni. All in favor. Motion carried. 6. Park Maintenance Update. Public Works Supervisor Belair reported there is a rust issue on the Splash Pad and that he is in contact and working with the contractor on getting that contract completed. The splash pad was scheduled to be closed on Sunday, October 2, 2011 but due to the warm weather it was kept open until Monday, October 10, 2011. The memorial bench to be placed near the skate park in Prairie Park is to be delivered and installed this week. A resident requested the bangboards in Zimmer Park be removed. Public Works Supervisor Belair noted that these bangboards will be relocated to the north side of the park. Tennis courts at Frankfort Park have been paved, temporary lines will be put on in November weather permitting and fencing will be installed this fall. Commissioner Krekelberg requested that Public Works Supervisor Belair look into the watering schedule in Frankfort Park as the sprinklers went off at 4:30am on Sunday, October 2�d 7. Pride in Our Parks Update. 7.1. Coles Martial Arts School Monthly Report. Commissioners reviewed the monthly report. Public Works Supervisor Belair noted that the public works department assisted Master Coles in cleaning up along the river, removing some concrete and a snowmobile from the river. Discussion of installing signs reminding residents to clean up after their pets and requested this be published in the next Otsego View. Commissioner Krekelberg gave an explanation of what Pride In Our Parks is all about to the students attending the meeting noting that volunteers are always needed for this and other events put on by the Parks and Recreation Commission. A possible way to get more volunteers is to generate a list of things to do in our parks. City Staff will follow up with the current Pride In Our Parks contracts. 8. City Council Reports. Council Member Schroeder had no items. Mayor Stockamp noted that the City Council is working on the budget at this time and once completed, Finance Director Gary Groen could come in and present it to the Parks and Recreation in January, 2012. 9. Subcommittees. a. All Sports (Commissioner Torresani . Commissioner Torresani noted that the season for sports is coming to an end and will start getting ready for next year. b. Community Ed/Ids 728 (Commissioner Bean). No Items. C. Communication (Commissioner Krekelbera). No Items. d. Pumpkin Patch (Commissioner Roberts). Saturday, October 22, 2011 Commissioner Roberts reported that the pumpkins will be arriving at 9:00am on Saturday, October 22nd. It was noted that in previous years the commission has handed out a little over 700 pumpkins with only a few left over. Bob & Judy's this year was unable to grow the larger pumpkins for the guess the weight game, as he needed to purchase them from an outside grower. Commissioners discussed whether they need three (3) pumpkins for this game or could they get by with one (1) this year. Commissioner Roberts will contact Bob of Bob & Judy's to see if he's already purchased them. There is a need for volunteers in twelve (12) different areas for that day. e. Santa Day — (Commissioner Cassady�. Saturday, December 10, 2011 Commissioner Cassady presented copies of backdrop samples for discussion and possible purchase for Santa Day. Commissioners discussed and agreed to look for backdrops more in the size of 20' wide and 10' high. Commissioner Freeburg offered to assist in the search. It was noted that the photographer has also been lined up for the event. f. Egg Hunt — (Chair BrummL Saturday, March 31, 2012 Chair Brumm noted that the purchase a couple of bunny outfits will discussed at the next Parks and Recreation meeting scheduled for November 9, 2011. 10. Adjourn by 10 PM. Chair Brumm motioned to adjourn the meeting. Seconded by Commissioner Cassady. All in favor. Meeting adjourned at 8:32PM. Written by Sandy Lindenfelser, Special Licensing ITEM 3_7 Z CITY OF IOTSEGO ON THE GREAT RIVER ROAD TO: Otsego Mayor and City Council FROM: Gary Groen, Finance Director DATE: November 22, 2011 RE: GASB 54 Resolution Governmental Accounting Standards Board Statement Number 54 (GASB 54) is a new reporting requirement for 2011 and requires a resolution to establish the specific revenue sources that will be accounted for in special revenue funds. As you can see by the specific revenue sources identified in the resolution, the City has already accounted for and will continue to account for these specific revenue sources in separate special revenue funds. This resolution satisfies the requirements of GASB 54 and does not change the way these revenue sources have been accounted for or reported in prior years. RESOLUTION NO.: 2011-60 CITY OF OTSEGO COUNTY OF WRIGHT, MINNESOTA COMMISSTING SPECIFIC REVENUE SOURSE IN SPECIAL REVENUE FUNDS WHEREAS, the City Council of the City of Otsego, Minnesota, does hereby find as follows: WHEREAS, the Governmental Accounting Standards Board's Statement number 54 defines special revenue funds as funds that are used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditure for specified purposes other than debt service or capital projects; WHEREAS, the term proceeds of specific revenue sources establishes that one or more specific restricted or committed revenues should be the foundation for a special revenue fund; WHEREAS, the restricted or committed proceeds of specific revenue sources should be expected to continue to comprise a substantial portion of the inflows report in the fund; WHEREAS, other resources, including investment earnings and transfers from other funds may also be reported in the fund if those resources are restricted, committed, or assigned to the specified purpose of the fund; WHEREAS, investment earnings and transfers from other funds alone do not meet the definition of a specific revenue source; WHEREAS, Council action is required before year end to formalize the commitment of proceeds of specific revenue sources to specified purposes. NOW, THEREFORE, BE IT HEREBY PROCLAIMED by the City Council of the City of Otsego, Minnesota that the specific revenue sources of each special revenue fund and the specific purpose for which they are committed are as follows: Committed Fund Specific Revenue Sources Purpose Street Lighting (225) Charges for services. To account for maintenance of lighting system. Community Development and Licenses and Permits Account for building Building Safety (250) code/inspection services. The foregoing resolution was passed by the City Council of the City of Otsego this day of December, 2011. MOTION BY: SECOND BY: ALL IN FAVOR: THOSE OPPOSED: ATTEST By: Tam! Loff, City Clerk CITY OF OTSEGO, MINNESOTA By: Jessica Stockamp, Mayor TO: City Council SUBJECT: Implementation of GASB Statement No. 54 Government Accounting Standards Board (GASB) Statement No. 54 Fund Balance Reporting and Governmental Fund Type Definitions The objective of GASB Statement No. 54 (GASB 54) is to enhance the usefulness of fund balance information and provide clearer fund balance classifications that can be more consistently applied and by clarifying the existing governmental fund type definitions. The statement will be effective for fiscal year ending December 31, 2011. Fund balance reclassifications made to conform to the provisions of this Statement should be applied retroactively by restating fund balance for all prior periods presented. GASB 54 does not affect the government -wide or proprietary funds statement presentations, nor does it change the amount of total fund balance on any fund statements. Because of the new fund balance classifications and revised fund type definitions it is recommended to adopt a fund balance policy and necessary resolutions prior to 12/31/2011. Fund Balance Classifications The following are the new fund balance classifications based on the level of constraint on those resources under GASB Statement No. 54: • Nonspendable fund balance (i.e. prepaid items and inventory) • Restricted fund balance (i.e. 3rd party restrictions) • Committed fund balance (i.e. Council resolution) • Assigned fund balance (i.e. management discretion with Council delegating authority) • Unassigned fund balance As a result of the differing circumstances among organizations, not every organization will report all of these components. Fund Definitions The significant fund type definition changes relate to special revenue and capital project funds. Special Revenue Funds This fund definition was revised due to the diversity in the reporting of special revenue funds because of confusion over several provisions in the previous definition. The revised definition states that special revenue funds are used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditure for specified purposes other than debt service or capital outlay. The term proceeds of specific revenue sources establishes that one or more restricted or committed revenues should be the foundation of a special revenue fund. Capital Project Funds This fund definition was revised to focus on a broader, more consistently understood notion of capital outlays. The previous definition described the acquisition or construction of major capital facilities; whereas, the new definition details that the term capital outlays allows for the inclusion of expenditures for items that are capital in nature but may not qualify as financial reporting as capital assets under a government's capitalization policy. CITY OF �. OTSEGO ON THE GREAT RIVER ROAD To: Mayor and Council From: City Clerk Tami Loff Date: November 28, 2011 Re: Resolution 2011-61 accepting proposal on the negotiated sale of $4,640,000 General Obligation Improvement Crossover Refunding Bonds, Series 2011A and pledging special assessments and levying a tax for the payment. I have attached the updates to page 5 and 15 of Resolution 2011-61 which fill in the blanks. (ii) Upon termination of the services of the Depository as provided in the preceding paragraph, and if no substitute securities depository is willing to undertake the functions of the Depository hereunder can be found which, in the opinion of the City, is willing and able to assume such functions upon reasonable or customary terms, or if the City determines that it is in the best interests of the City or the Beneficial Owners of the Bond that the Beneficial Owners be able to obtain certificates for the Bonds, the Bonds shall no longer be registered as being registered in the bond register in the name of the Nominee, but may be registered in whatever name or names the Holder of the Bonds shall designate at that time, in accordance with paragraph 10. To the extent that the Beneficial Owners are designated as the transferee by the Holders, in accordance with paragraph 10, the Bonds will be delivered to the Beneficial Owners. (iii) Nothing in this subparagraph (c) shall limit or restrict the provisions of paragraph 10. (d) Letter of Representations. The provisions in the Letter of Representations are incorporated herein by reference and made a part of the resolution, and if and to the extent any such provisions are inconsistent with the other provisions of this resolution, the provisions in the Letter of Representations shall control. 3. Purpose; Refunding Findings. The Bonds shall provide funds for a crossover refunding of the Refunded Bonds (the "Refunding"). It is hereby found, determined and declared that the Refunding is pursuant to Minnesota Statutes, Section 475.67, Subdivision 13, and as of the crossover date of the Bonds, shall result in a reduction of the present value of the dollar amount of the debt service to the City from a total dollar amount of $4,911,038.69 for the Prior Bonds to a total dollar amount of $4,688.854.38 for the Bonds, computed in accordance with the provisions of Minnesota Statutes, Section 475.67, Subdivision 12, and accordingly the dollar amount of such present value of the debt service for the Bonds is lower by at least three percent than the dollar amount of such present value of the debt service for the Prior Bonds as required in Minnesota Statutes, Section 475.67, Subdivision 12. 4. Interest. The Bonds shall bear interest payable semiannually on February 1 and August 1 of each year (each, an "Interest Payment Date"), commencing August 1, 2012, calculated on the basis of a 360 -day year of twelve 30 -day months, at the respective rates per annum set forth opposite the maturity years as follows: Maturity Interest Rate 2015 2.00% 2016 2.00 2017 2.00 2018 2.00 2019 2.00 2020 2.05 2021 2.20 2022 2.35 2023 2.50 4317336v1 shall be maintained in the manner herein specified until the Bonds and the interest thereon shall have been fully paid. In such records there shall be established and maintained the following separate accounts, for the purposes as follows: (a) Escrow Account. The Escrow Account shall be maintained as an escrow account with Northland Trust Services, Inc. (the "Escrow Agent"), in Minneapolis, Minnesota, which is a suitable financial institution within or without the State. $4,628,440.49 in proceeds of the sale of the Bonds shall be received by the Escrow Agent and applied to fund the Escrow Account or to pay costs of issuing the Bonds. Proceeds of the Bonds less proceeds used to pay costs of issuance and any proceeds returned to the City are hereby irrevocably pledged and appropriated to the Escrow Account, together with all investment earnings thereon. The Escrow Account shall be invested in securities maturing or callable at the option of the holder on such dates and bearing interest at such rates as shall be required to provide sufficient funds, together with any cash or other funds retained in the Escrow Account, (i) to pay when due the interest to accrue on the Bonds to and including the Crossover Date; and (ii) to pay when called for redemption on the Crossover Date, the principal amount of the Refunded Bonds. The Escrow Account shall be irrevocably appropriated to the payment of (i) all interest on the Bonds to and including the Crossover Date, and (ii) the principal of the Refunded Bonds due by reason of their call for redemption on the Crossover Date. The moneys in the Escrow Account shall be used solely for the purposes herein set forth and for no other purpose, except that any surplus in the Escrow Account may be remitted to the City, all in accordance with an agreement (the "Escrow Agreement") by and between the City and Escrow Agent, a form of which agreement is on file in the office of the Clerk. Any moneys remitted to the City pursuant to the Escrow Agreement shall be deposited in the Debt Service Account. (b) Debt Service Account. To the Debt Service Account there is hereby pledged and irrevocably appropriated and there shall be credited: (i) after the Crossover Date, all uncollected special assessments pledged to the payment of the Prior Bonds; (ii) any collections of all taxes heretofore or hereafter levied for the payment of the Prior Bonds and interest thereon which are not needed to pay the Prior Bonds as a result of the Refunding; (iii) any sums remitted to the City upon the termination of the Escrow Agreement; (iv) all investment earnings on funds in the Debt Service Account; and (v) any and all other moneys which are properly available and are appropriated by the governing body of the City to the Debt Service Account. The amount of any surplus remaining in the Debt Service Account when the Bonds and interest thereon are paid shall be used consistent with Minnesota Statutes, Section 475.61, Subdivision 4. The moneys in the Debt Service Account shall be used solely to pay the principal of and interest on the Bonds or any other bonds hereafter issued and made payable from the Fund. No portion of the proceeds of the Bonds shall be used directly or indirectly to acquire higher yielding investments or to replace funds which were used directly or indirectly to acquire higher yielding investments, except (a) for a reasonable temporary period until such proceeds are needed for the purpose for which the Bonds were issued, and (b) in addition to the above, in an amount not greater than the lesser of five percent of the proceeds of the Bonds or $100,000. To this effect, any proceeds of the Bonds and any sums from time to time held in the Fund (or any other City account which will be used to pay principal and interest to become due on the Bonds) in excess of amounts which under the applicable federal arbitrage regulations may be invested without regard as to yield shall not be invested in excess of the applicable yield restrictions 15 4317336v1 I�Halcanson ■��Anderson ITEM NO.: 3.8 BY: Ronald J. Wagner, City Engineer DATE: November 28, 2011 RE: Island View Estates Block 4 Drainage Improvement Re -Approve Resolution 2011-46 BACKGROUND ITEM 3-8 REQUEST FOR COUNCIL ACTION Council approved Resolution 2011-46 assessing property drained by the improvement project on November 14th, 2011. The resolution needs to be re -approved due to a typo regarding the timing of the start of the assessment. The resolution stated the assessment would start in 2013 and is now changed to the correct date of 2012. Also, for clarification, the drainage from the western three property owners can come off either their front lot or their back lot or both but the assessment is applied only to the front lot which includes the primary building. RECOMMENDATION We recommend re -approving Resolution 2011-46 with the typo corrected. POSSIBLE ACTION A. Approve Resolution 2011-46. Item Re -approve Resolution 2011-46 Page 1 of 1 RESOLUTION NO. 2011-46 RESOLUTION ADOPTING DRAINAGE IMPROVEMENT ASSESSMENT UNDER MINNESOTA STATUTE CHAPTER 444 WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard and passed upon all objections to the proposed assessment for Improvement No. 2011.04, Island View Estates Block 4 Drainage Improvement, an improvement under Minnesota Statute Chapter 444. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF OTSEGO, MINNESOTA: 1. Such proposed assessment, (a charge against the property under Minnesota Statute Chapter 444) a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of 5 years, the first of the installments to be payable on or before the first Monday in January 2012, and shall bear interest at the rate of 6 percent per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2011. To each subsequent installment, when due, shall be added interest for one year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the city treasurer, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and he/she may, at any time thereafter, pay to the city treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the county auditor to be extended on the property tax lists of the county. Such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the council this 28th day of November, 2011. Motioned By: Seconded By: All in Favor: Those Opposed: Jessica Stockamp, Mayor Tami Loff, Clerk Res11-46adoptingassessment ITEM 3_9 1Hakanson REQUEST FOR 1AIAnderson COUNCIL ACTION ITEM NO.: 3.9 BY: Ronald J. Wagner, City Engineer DATE: November 22, 2011 RE: Hidden Creek Trails Partial Release of Wetland Escrow BACKGROUND An escrow is held by the City to cover any costs associated with the wetland mitigation and wetland monitoring and its associated costs. The wetland mitigation for this site was constructed and included new wetland and upland buffer credit. The applicant did not provide monitoring reports and eventually the city (Hakanson Anderson) provided the monitoring reports to fufill the requirements. The wetland was determined to be built correctly but the upland buffer was not approved by the Technical Evaluation Panel because the vegetation was not meeting the performance standards of the permit. Thus, the escrow has been reduced to facilitate the management of the upland buffer along with required monitoring reports and field visits. A spring, 2012 field review along with an additional monitoring report will be needed to ensure the site is in full compliance. Staff recommends returning the remainder of the escrow minus the costs and estimated costs of the items above. Financial: Return: $6500.00 Source: Wetland escrow supplied by developer Remains: approx. $1000.00 Supporting Information: The new wetland area is of sufficient size and quality according to the TEP but the upland buffer's vegetative quality is lacking. The management work to increase diversity has occurred and seeding has been completed. One final spring field review along with the associated monitoring report will be needed in order to get the Certificate of Compliance. RECOMMENDATION Staff recommends approval. CITY OF oTSE�o ON THE GREAT RIVER ROAD ] �Halcanson � �Anderson ITEM NO.: 3.10 BY: Ronald J. Wagner, City Engineer DATE: November 22, 2011 ITEM 3_10 REQUEST FOR COUNCIL ACTION RE: Riverwood National Partial Release of held WAC fees to fulfill Wetland Escrow BACKGROUND The wetland mitigation for this site consists of an upland buffer and new wetland credit and has been built correctly according to the Wetland Conservation Act requirements. A spring, 2012 review is needed to ensure that the maintenance required by the Technical Evaluation Panel (state and local wetland authorities) this summer was successful in reducing non-native vegetation in the upland buffer. Staff recommends reducing the fee account (aka wetland escrow) to $1500 to cover a spring, 2012 field visit and any possible maintenance on the upland buffer. Financial: Release Amount: Dependent on amount remaining in held WAC fees Source: WAC fees held from developer Supporting Information: The developer has completed the majority of the requirements under the Wetland Conservation Act. The remaining escrow will cover a field review and notices as well as any maintenance needed if the applicant does not comply with the TEP recommendations. RECOMMENDATION Staff recommends approval. CITY OF OTSEGO ON THE GREAT RIVER ROAD ITEM 3_77 CITY OF �. OTSEGO ON THE GREAT RIVER ROAD TO: Otsego Mayor and City Council FROM: Gary Groen, Finance Director DATE: November 22, 2011 RE: G.O. Improvement Crossover Refunding Bonds, Series 2011A Attached with this memo are excerpts (Pages 1 — 2) from the final pricing of the 2011A G.O. Improvement Refunding Bonds, Series 2011A. Page Two of the summary compares the "old" debt service payment schedule with the "new" debt service payment schedule. The resulting cash flow savings will be $272,884 over the life of the bond issue and the present value of the savings is computed to be $221,064. This compares to the projected cash flow savings of slightly more than $250,000 with a present value of $202,270 in September when the City Council authorized the staff to proceed with this project. The City staff is pleased with the results of this refinancing project and recommends the approval of the resolution related to the issuance of the Bonds. Final City of Otsego, Minnesota G.O. Improvement Crossover Refunding Bonds, Series 2011A 2006B Refunding Summary Dated 12/01/2011 1 Delivered 12/21/2011 Sources Of Funds Par Amount of Bonds $4,640,000.00 Reoffering Premium 48,528.70 Accrued Interestfrom 12/01/2011 to 12/21/2011 5,991.25 Total Sources $4,694,519.95 Uses Of Funds Deposit to Crossover Escrow Fund 4,607,115.49 Total Underwriter's Discount (1.400%) 64,960.00 Costs of Issuance 21,325.00 Rounding Amount 1,119.46 Total Uses $4,694,519.95 Flow of Funds Detail State and Local Government Series (SLGS) rates for 11/21/2011 Date of OMP Candidates Crossover Escrow Fund Solution Method Net Funded Total Cost of Investments $4,607,115.49 Interest Earnings @ 0.278% 26,543.26 Total Draws $4,633,658.75 Issues Refunded And Call Dates 06bold 2/01/2014 PV Analysis Summary (Net to Net) Net PV Cashflow Savings @ 2.330%(Bond Yield) 221,064.85 Contingency or Rounding Amount 1,119.46 Net Present Value Benefit $222,184.31 Net PV Benefit/ $4,400,000 Refunded Principal 5.050% Net PV Benefit / $4,640,000 Refunding Principal 4.788% Bond Statistics Average Life 8.955 Years Average Coupon 2.4782699% Net Interest Cost (NIC) 2.5178126% Bond Yield for Arbitrage Purposes 2.3295251% True Interest Cost (TIC) 2.5067525% All Inclusive Cost (AIC) 2.5656416% 06bref I SINGLE PURPOSE 1 11/21/2011 1 3:08 PM Northland Securities Public Finance Page 1 Final City of Otsego, Minnesota G.O. Improvement Crossover Refunding Bonds, Series 2011 A 2006B Debt Service Comparison Date Total P+I PCF Existing D/S Net New D/S Old Net D/S Savings 02/01/2012 - 91,140.00 90,020.54 91,140.00 1,119.46 02/01/2013 125,816.25 (125,816.25) 182,280.00 182,280.00 182,280.00 - 02/01/2014 107,842.50 (4,507,842.50) 4,582,280.00 182,280.00 182,280.00 - 02/01/2015 467,842.50 467,842.50 487,280.00 19,437.50 02/01/2016 465,642.50 465,642.50 485,080.00 19,437.50 02/01/2017 468,342.50 468,342.50 487,480.00 19,137.50 02/01/2018 465,842.50 465,842.50 484,280.00 18,437.50 02/01/2019 473,242.50 473,242.50 490,680.00 17,437.50 02/01/2020 470,342.50 470,342.50 491,280.00 20,937.50 02/01/2021 477,142.50 477,142.50 496,280.00 19,137.50 02/01/2022 478,012.50 - 478,012.50 500,085.00 22,072.50 02/01/2023 478,025.00 - 478,025.00 497,447.50 19,422.50 02/01/2024 232,150.00 - 232,150.00 254,172.50 22,022.50 02/01/2025 236,750.00 - 236,750.00 255,357.50 18,607.50 02/01/2026 235,870.00 235,870.00 256,112.50 20,242.50 02/01/2027 244,420.00 - 244,420.00 261,437.50 17,017.50 02/01/2028 242,520.00 242,520.00 260,937.50 18,417.50 Total $5,669,803.75 (4,633,658.75) $4,855,700.00 $5,890,725.54 $6,163,610.00 $272,884.46 PV Analysis Summary (Net to Net) Gross PV Debt Service Savings ..................... 221,064.85 Net PV Cashflow Savings @ 2.330%(Bond Yield)..... 221,064.85 Contingency or Rounding Amount .................... 1,119.46 Net Present Value Benefit $222,184.31 Net PV Benefit / $4,688,854.38 PV Refunded Debt Service 4.739% Net PV Benefit/ $4,400,000 Refunded Principal... 5.050% Net PV Benefit/ $4,640,000 Refunding Principal.. 4.788% Refunding Bond Information Refunding Dated Date 12/01/2011 Refunding Delivery Date 12/21/2011 06bref I SINGLE PURPOSE 1 11121/2011 1 3:08 PM Northland Securities Public Finance Page 2 City of Otsego, Minnesota $4,640,000 General Obligation Improvement Crossover Refunding Bonds, Series 2011A Bond Sale Summary November 28, 2011 PURPOSE: To crossover refund on February 1, 2014 the February 1, 2015 through 2028 maturities of the City's General Obligation Improvement Bonds, Series 2006B for interest cost savings. FINANCE PLAN: To provide the City with maximum interest cost savings. The term of the new bonds does not exceed the term of the bonds being refunded. RESULTS: The City's credit rating was reaffirmed by S&P as "AA-". Total P+I PCF Final Finance Summary of Savings Analysis on Plan - - 11/21/11 09/26/11 Par Amount $4,640,000 $4,680,000 Average Interest Rate 2.47% 2.36% True Interest Cost (TIC) 2.50% 2.51% All Inclusive Cost (AIC) 2.56% 2.56% Net F.V. Savings $272,884 $ 250,021 Net P.V. Savings $222,184 $203,270 Net P.V. Benefit 4.739% 4.343% Debt Service Comparison Date Total P+I PCF Existing D/S Net New D/S Old Net D/S Savings 02/01/2012 - - 91,140.00 90, 020.54 91,140.00 1,119.46 02/01/2013 125,816.25 (125,816.25) 182,280.00 182,280.00 182,280.00 - 02/01/2014 107,842.50 (4,507,842.50) 4,582,280.00 182,280.00 182,280.00 - 02/01/2015 467,842.50 - - 467,842.50 487,280.00 19,437.50 02/01/2016 465,642.50 - - 465,642.50 485,080.00 19,437.50 02/01/2017 468,342.50 - - 468,342.50 487,480.00 19,137.50 02/01/2018 465,842.50 - - 465,842.50 484,280.00 18,437.50 02/01/2019 473,242.50 - - 473,242.50 490,680.00 17,437.50 02/01/2020 470,342.50 - - 470,342.50 491,280.00 20,937.50 02/01/2021 477,142.50 - - 477,142.50 496,280.00 19,137.50 02/01/2022 478,012.50 - - 478,012.50 500,085.00 22,072.50 02/01/2023 478,025.00 - - 478,025.00 497,447.50 19,422.50 02/01/2024 232,150.00 - - 232,150.00 254,172.50 22,022.50 02/01/2025 236,750.00 - - 236,750.00 255,357.50 18,607.50 02/01/2026 235,870.00 - - 235,870.00 256,112.50 20,242.50 02/01/2027 244,420.00 - - 244,420.00 261,437.50 17,017.50 02/01/2028 242,520.00 - - 242,520.00 260,937.50 18,417.50 Total $5,669,803.75 (4,633,658.75) $4,855,700.00 $5,890,725.54 $6,163,610.00 $272,884.46 EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL CITY OF OTSEGO, MINNESOTA HELD: November 28, 2011 Pursuant to due call and notice thereof, a regular or special meeting of the City Council of the City of Otsego, Wright County, Minnesota, was duly called and held at the City Hall on November 28, 2011, at 6:00 P.M., for the purpose, in part, of authorizing the issuance and awarding the sale of $4,640,000 General Obligation Improvement Crossover Refunding Bonds, Series 2011A. The following members were present: and the following were absent: Member introduced the following resolution and moved its adoption: RESOLUTION 2011-61 RESOLUTION ACCEPTING PROPOSAL ON THE NEGOTIATED SALE OF $4,640,000 GENERAL OBLIGATION IMPROVEMENT CROSSOVER REFUNDING BONDS, SERIES 2011A AND PLEDGING SPECIAL ASSESSMENTS AND LEVYING A TAX FOR THE PAYMENT THEREOF A. WHEREAS, the City Council of the City of Otsego, Minnesota (the "City"), hereby determines and declares that it is necessary and expedient to provide moneys for a crossover refunding of the City's $5,985,000 original principal amount of General Obligation Improvement Bonds, Series 2006B, dated September 1, 2006 (the "Prior Bonds"), which mature on and after February 1, 2015; and B. WHEREAS, $4,400,000 aggregate principal amount of the Prior Bonds which mature or is subject to mandatory redemption on and after February 1, 2015, is callable on February 1, 2014 (the "Refunded Bonds"), at a price of par plus accrued interest, as provided in the resolution adopted on August 28, 2006, authorizing the issuance of the Prior Bonds (the "Prior Resolution"); and C. WHEREAS, the crossover refunding of the Refunded Bonds on February 1, 2014 (the "Crossover Date") is consistent with covenants made with the holders thereof, and is necessary and desirable for the reduction of debt service cost to the City; and D. WHEREAS, the City Council hereby determines and declares that it is necessary and expedient to issue $4,640,000 General Obligation Improvement Crossover Refunding Bonds, Series 2011A (the "Bonds" or individually, a "Bond"), pursuant to Minnesota Statutes, Chapter 475, to provide moneys for a crossover refunding of the Refunded Bonds; and 4317336v1 E. WHEREAS, as permitted by Minnesota Statues, Section 475.60, Subdivision 2(5), the public sale requirements do not apply to the Bonds; and F. WHEREAS, it is in the best interests of the City that the Bonds be issued in book - entry form as hereinafter provided; and NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Otsego, Minnesota, as follows: 1. Acceptance of Offer. The offer of Northland Securities, Inc. (the "Purchaser"), to purchase the Bonds in accordance with the terms and at the rates of interest hereinafter set forth, and to pay therefor the sum of $4,623,568.70, plus interest accrued to settlement, is hereby accepted. 2. Bond Terms. (a) Original Issue Date, Denominations, Maturities. The Bonds shall be dated December 1, 2011, as the date of original issue, shall be issued forthwith on or after such date in fully registered form, shall be numbered from R-1 upward in the denomination of $5,000 each or in any integral multiple thereof of a single maturity (the "Authorized Denominations") and shall mature on February 1 in the years and amounts as follows: Year Amount 2015 $360,000 2016 365,000 2017 375,000 2018 380,000 2019 395,000 2020 400,000 2021 415,000 2022 425,000 2023 435,000 2024 200,000 2025 210,000 2026 215,000 2027 230,000 2028 235,000 As may be requested by the Purchaser, one or more term Bonds may be issued having mandatory sinking fund redemption and final maturity amounts conforming to the foregoing principal repayment schedule, and corresponding additions may be made to the provisions of the applicable Bond(s). (b) Book Entry Only System. The Depository Trust Company, a limited purpose trust company organized under the laws of the State of New York or any of its successors or its 2 4317336v1 successors to its functions hereunder (the "Depository") will act as securities depository for the Bonds, and to this end: (i) The Bonds shall be initially issued and, so long as they remain in book entry form only (the "Book Entry Only Period"), shall at all times be in the form of a separate single fully registered Bond for each maturity of the Bonds; and for purposes of complying with this requirement under paragraphs 5 and 10 Authorized Denominations for any Bond shall be deemed to be limited during the Book Entry Only Period to the outstanding principal amount of that Bond. (ii) Upon initial issuance, ownership of the Bonds shall be registered in a bond register maintained by the Bond Registrar (as hereinafter defined) in the name of CEDE & CO., as the nominee (it or any nominee of the existing or a successor Depository, the "Nominee"). (iii) With respect to the Bonds neither the City nor the Bond Registrar shall have any responsibility or obligation to any broker, dealer, bank, or any other financial institution for which the Depository holds Bonds as securities depository (the "Participant") or the person for which a Participant holds an interest in the Bonds shown on the books and records of the Participant (the "Beneficial Owner"). Without limiting the immediately preceding sentence, neither the City, nor the Bond Registrar, shall have any such responsibility or obligation with respect to (A) the accuracy of the records of the Depository, the Nominee or any Participant with respect to any ownership interest in the Bonds, or (B) the delivery to any Participant, any Owner or any other person, other than the Depository, of any notice with respect to the Bonds, including any notice of redemption, or (C) the payment to any Participant, any Beneficial Owner or any other person, other than the Depository, of any amount with respect to the principal of or premium, if any, or interest on the Bonds, or (D) the consent given or other action taken by the Depository as the Registered Holder of any Bonds (the "Holder"). For purposes of securing the vote or consent of any Holder under this Resolution, the City may, however, rely upon an omnibus proxy under which the Depository assigns its consenting or voting rights to certain Participants to whose accounts the Bonds are credited on the record date identified in a listing attached to the omnibus proxy. (iv) The City and the Bond Registrar may treat as and deem the Depository to be the absolute owner of the Bonds for the purpose of payment of the principal of and premium, if any, and interest on the Bonds, for the purpose of giving notices of redemption and other matters with respect to the Bonds, for the purpose of obtaining any consent or other action to be taken by Holders for the purpose of registering transfers with respect to such Bonds, and for all purpose whatsoever. The Bond Registrar, as paying agent hereunder, shall pay all principal of and premium, if any, and interest on the Bonds only to the Holder or the Holders of the Bonds as shown on the bond register, and all such payments shall be valid and effective to fully satisfy and discharge the City's obligations with respect to the principal of and premium, if any, and interest on the Bonds to the extent of the sum or sums so paid. 3 4317336v1 (v) Upon delivery by the Depository to the Bond Registrar of written notice to the effect that the Depository has determined to substitute a new Nominee in place of the existing Nominee, and subject to the transfer provisions in paragraph 10, references to the Nominee hereunder shall refer to such new Nominee. (vi) So long as any Bond is registered in the name of a Nominee, all payments with respect to the principal of and premium, if any, and interest on such Bond and all notices with respect to such Bond shall be made and given, respectively, by the Bond Registrar or City, as the case may be, to the Depository as provided in the Letter of Representations to the Depository required by the Depository as a condition to its acting as book -entry Depository for the Bonds (said Letter of Representations, together with any replacement thereof or amendment or substitute thereto, including any standard procedures or policies referenced therein or applicable thereto respecting the procedures and other matters relating to the Depository's role as book -entry Depository for the Bonds, collectively hereinafter referred to as the "Letter of Representations"). (vii) All transfers of beneficial ownership interests in each Bond issued in book -entry form shall be limited in principal amount to Authorized Denominations and shall be effected by procedures by the Depository with the Participants for recording and transferring the ownership of beneficial interests in such Bonds. (viii) In connection with any notice or other communication to be provided to the Holders pursuant to this Resolution by the City or Bond Registrar with respect to any consent or other action to be taken by Holders, the Depository shall consider the date of receipt of notice requesting such consent or other action as the record date for such consent or other action; provided, that the City or the Bond Registrar may establish a special record date for such consent or other action. The City or the Bond Registrar shall, to the extent possible, give the Depository notice of such special record date not less than 15 calendar days in advance of such special record date to the extent possible. (ix) Any successor Bond Registrar in its written acceptance of its duties under this Resolution and any paying agency/bond registrar agreement, shall agree to take any actions necessary from time to time to comply with the requirements of the Letter of Representations. (x) In the case of a partial prepayment of a Bond, the Holder may, in lieu of surrendering the Bonds for a Bond of a lesser denomination, make a notation of the reduction in principal amount on the panel provided on the Bond stating the amount so redeemed. (c) Termination of Book -Entry Only System. Discontinuance of a particular Depository's services and termination of the book -entry only system may be effected as follows: (i) The Depository may determine to discontinue providing its services with respect to the Bonds at any time by giving written notice to the City and discharging its responsibilities with respect thereto under applicable law. The City may terminate the services of the Depository with respect to the Bond if it determines that the Depository is 4 4317336v1 no longer able to carry out its functions as securities depository or the continuation of the system of book -entry transfers through the Depository is not in the best interests of the City or the Beneficial Owners. (ii) Upon termination of the services of the Depository as provided in the preceding paragraph, and if no substitute securities depository is willing to undertake the functions of the Depository hereunder can be found which, in the opinion of the City, is willing and able to assume such functions upon reasonable or customary terms, or if the City determines that it is in the best interests of the City or the Beneficial Owners of the Bond that the Beneficial Owners be able to obtain certificates for the Bonds, the Bonds shall no longer be registered as being registered in the bond register in the name of the Nominee, but may be registered in whatever name or names the Holder of the Bonds shall designate at that time, in accordance with paragraph 10. To the extent that the Beneficial Owners are designated as the transferee by the Holders, in accordance with paragraph 10, the Bonds will be delivered to the Beneficial Owners. (iii) Nothing in this subparagraph (c) shall limit or restrict the provisions of paragraph 10. (d) Letter of Representations. The provisions in the Letter of Representations are incorporated herein by reference and made a part of the resolution, and if and to the extent any such provisions are inconsistent with the other provisions of this resolution, the provisions in the Letter of Representations shall control. 3. Purpose: RefundingFindings. indings. The Bonds shall provide funds for a crossover refunding of the Refunded Bonds (the "Refunding"). It is hereby found, determined and declared that the Refunding is pursuant to Minnesota Statutes, Section 475.67, Subdivision 13, and as of the crossover date of the Bonds, shall result in a reduction of the present value of the dollar amount of the debt service to the City from a total dollar amount of $ for the Prior Bonds to a total dollar amount of $ for the Bonds, computed in accordance with the provisions of Minnesota Statutes, Section 475.67, Subdivision 12, and accordingly the dollar amount of such present value of the debt service for the Bonds is lower by at least three percent than the dollar amount of such present value of the debt service for the Prior Bonds as required in Minnesota Statutes, Section 475.67, Subdivision 12. 4. Interest. The Bonds shall bear interest payable semiannually on February 1 and August 1 of each year (each, an "Interest Payment Date"), commencing August 1, 2012, calculated on the basis of a 360 -day year of twelve 30 -day months, at the respective rates per annum set forth opposite the maturity years as follows: Maturity Year Interest Rate 2015 2.00% 2016 2.00 2017 2.00 2018 2.00 2019 2.00 5 4317336v1 Maturity Year Interest Rate 2020 2.05 2021 2.20 2022 2.35 2023 2.50 2024 2.70 2025 2.80 2026 3.00 2027 3.00 2028 3.20 5. Redemption. Bonds maturing on February 1, 2021, and thereafter, shall be subject to redemption and prepayment at the option of the City on February 1, 2020, and on any date thereafter at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and the principal amounts within each maturity to be redeemed shall be determined by the City; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date, and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each affected registered holder of the Bonds prior to the date fixed for redemption. To effect a partial redemption of Bonds having a common maturity date, the Bond Registrar prior to giving notice of redemption shall assign to each Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers so assigned to such Bonds, as many numbers as, at $5,000 for each number, shall equal the principal amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the principal amount of each such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. If a Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar (with, if the City or Bond Registrar so requires, a written instrument of transfer in form satisfactory to the City and Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the City shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of the Bond, without service charge, a new Bond or Bonds having the same stated maturity and interest rate and of any Authorized Denomination or Denominations, as requested by the Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. The Bonds are not subject to optional redemption and prepayment. 6. Bond Re istrar. Northland Trust Services, Inc., in Minneapolis, Minnesota, is appointed to act as bond registrar and transfer agent with respect to the Bonds (the "Bond Registrar"), and shall do so unless and until a successor Bond Registrar is duly appointed, all pursuant to any contract the City and Bond Registrar shall execute which is consistent herewith. 0 4317336v1 The Bond Registrar shall also serve as paying agent unless and until a successor paying agent is duly appointed. Principal and interest on the Bonds shall be paid to the registered holders (or record holders) of the Bonds in the manner set forth in the form of Bond and paragraph 12. 7. Form of Bond. The Bonds, together with the Bond Registrar's Certificate of Authentication, the form of Assignment and the registration information thereon, shall be in substantially the following form: 7 4317336vl UNITED STATES OF AMERICA STATE OF MINNESOTA WRIGHT COUNTY CITY OF OTSEGO R- $ GENERAL OBLIGATION IMPROVEMENT CROSSOVER REFUNDING BOND, SERIES 2011A Interest Rate Maturity Date Date of Original Issue CUSIP February 1, December 1, 2011 REGISTERED OWNER: CEDE & CO. PRINCIPAL AMOUNT: The City of Otsego, Wright County, Minnesota (the "Issuer"), certifies that it is indebted and for value received promises to pay to the registered owner specified above, or registered assigns, in the manner hereinafter set forth, the principal amount specified above, on the maturity date specified above, unless called for earlier redemption, and to pay interest thereon semiannually on February 1 and August 1 of each year (each, an "Interest Payment Date"), commencing August 1, 2012, at the rate per annum specified above (calculated on the basis of a 360 -day year of twelve 30 -day months) until the principal sum is paid or has been provided for. This Bond will bear interest from the most recent Interest Payment Date to which interest has been paid or, if no interest has been paid, from the date of original issue hereof. The principal of and premium, if any, on this Bond are payable upon presentation and surrender hereof at the principal office of Northland Trust Services, Inc., in Minneapolis, Minnesota (the 'Bond Registrar"), acting as paying agent, or any successor paying agent duly appointed by the Issuer. Interest on this Bond will be paid on each Interest Payment Date by check or draft mailed to the person in whose name this Bond is registered (the "Holder" or "Bondholder") on the registration books of the Issuer maintained by the Bond Registrar and at the address appearing thereon at the close of business on the fifteenth day of the calendar month next preceding such Interest Payment Date (the "Regular Record Date"). Any interest not so timely paid shall cease to be payable to the person who is the Holder hereof as of the Regular Record Date, and shall be payable to the person who is the Holder hereof at the close of business on a date (the "Special Record Date") fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest. Notice of the Special Record Date shall be given to Bondholders not less than ten days prior to the Special Record Date. The principal of and premium, if any, and interest on this Bond are payable in lawful money of the United States of America. So long as this Bond is registered in the name of the Depository or its Nominee as provided in the Resolution hereinafter described, and as those terms are defined therein, payment of principal of, premium, if any, and interest on this Bond and notice with respect thereto shall be made as provided in the Letter of Representations, as defined in the Resolution, and surrender of this Bond shall not be required for payment of the redemption price upon a partial redemption of this 4317336v1 Bond. Until termination of the book -entry only system pursuant to the Resolution, Bonds may only be registered in the name of the Depository or its Nominee. Optional Redemption. All Bonds of this issue (the "Bonds") maturing on February 1, 2021, and thereafter, are subject to redemption and prepayment at the option of the Issuer on February 1, 2020, and on any date thereafter at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and the principal amounts within each maturity to be redeemed shall be determined by the City; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date, and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each affected Holder of the Bonds prior to the date fixed for redemption. Prior to the date on which any Bond or Bonds are directed by the Issuer to be redeemed in advance of maturity, the Issuer will cause notice of the call thereof for redemption identifying the Bonds to be redeemed to be mailed to the Bond Registrar and all Bondholders, at the addresses shown on the Bond Register. All Bonds so called for redemption will cease to bear interest on the specified redemption date, provided funds for their redemption have been duly deposited. Issuance; Purpose; General Obligation. This Bond is one of an issue in the total principal amount of $4,640,000, all of like date of original issue and tenor, except as to number, maturity, interest rate, redemption privilege and denomination, issued pursuant to and in full conformity with the Constitution and laws of the State of Minnesota and pursuant to a resolution adopted by the City Council on November 28, 2011 (the "Resolution"), for the purpose of providing funds sufficient for a crossover refunding on February 1, 2014, of the Issuer's General Obligation Improvement Bonds, Series 2006B, dated September 1, 2006, which mature on and after February 1, 2015. This Bond is payable out of the Escrow Account and the Debt Service Account established by the City pursuant to the Resolution. This Bond constitutes a general obligation of the Issuer, and to provide moneys for the prompt and full payment of its principal, premium, if any, and interest when the same become due, the full faith and credit and taxing powers of the Issuer have been and are hereby irrevocably pledged. Denominations; Exchange; Resolution. The Bonds are issuable solely in fully registered form in Authorized Denominations (as defined in the Resolution) and are exchangeable for fully registered Bonds of other Authorized Denominations in equal aggregate principal amounts at the principal office of the Bond Registrar, but only in the manner and subject to the limitations provided in the Resolution. Reference is hereby made to the Resolution for a description of the rights and duties of the Bond Registrar. Copies of the Resolution are on file in the principal office of the Bond Registrar. Transfer. This Bond is transferable by the Holder in person or by the Holder's attorney duly authorized in writing at the principal office of the Bond Registrar upon presentation and surrender hereof to the Bond Registrar, all subject to the terms and conditions provided in the Resolution and to reasonable regulations of the Issuer contained in any agreement with the Bond 0 4317336v1 Registrar. Thereupon the Issuer shall execute and the Bond Registrar shall authenticate and deliver, in exchange for this Bond, one or more new fully registered Bonds in the name of the transferee (but not registered in blank or to "bearer" or similar designation), of an Authorized Denomination or Denominations, in aggregate principal amount equal to the principal amount of this Bond, of the same maturity and bearing interest at the same rate. Fees upon Transfer or Loss. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of this Bond and any legal or unusual costs regarding transfers and lost Bonds. Treatment of Registered Owners. The Issuer and Bond Registrar may treat the person in whose name this Bond is registered as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not this Bond shall be overdue, and neither the Issuer nor the Bond Registrar shall be affected by notice to the contrary. Authentication. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security unless the Certificate of Authentication hereon shall have been executed by the Bond Registrar. Qualified Tax -Exempt Obli ag tion. This Bond has been designated by the Issuer as a "qualified tax-exempt obligation" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to happen and to be performed, precedent to and in the issuance of this Bond, have been done, have happened and have been performed, in regular and due form, time and manner as required by law, and that this Bond, together with all other debts of the Issuer outstanding on the date of original issue hereof and the date of its issuance and delivery to the original purchaser, does not exceed any constitutional or statutory limitation of indebtedness. 10 4317336v1 IN WITNESS WHEREOF, the City of Otsego, Wright County, Minnesota, by its City Council has caused this Bond to be executed on its behalf by the facsimile signatures of its Mayor and its Clerk, the corporate seal of the Issuer having been intentionally omitted as permitted by law. Date of Registration: Registrable by: NORTHLAND TRUST SERVICES, INC. Payable at: NORTHLAND TRUST SERVICES, BOND REGISTRAR'S INC. CERTIFICATE OF AUTHENTICATION CITY OF OTSEGO, WRIGHT COUNTY, MINNESOTA This Bond is one of the Bonds described in the Resolution mentioned within. Northland Trust Services, Inc. Minneapolis, Minnesota Bond Registrar By Authorized Signature Mayor Jessica Stockamp /s/ Clerk Tami Loff 11 4317336v1 ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common TEN ENT - as tenants by the entireties JT TEN - as joint tenants with right of survivorship and not as tenants in common UTMA - as custodian for (Cust) (Minor) under the Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the above list. ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto the within Bond and does hereby irrevocably constitute and appoint attorney to transfer the Bond on the books kept for the registration thereof, with full power of substitution in the premises. Dated: Notice: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. Signature Guaranteed: Signature(s) must be guaranteed by a national bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges or any other "Eligible Guarantor Institution" as defined in 17 CFR 240.17 Ad -15(a)(2). The Bond Registrar will not effect transfer of this Bond unless the information concerning the transferee requested below is provided. Name and Address: 12 4317336v1 8. Execution. The Bonds shall be in typewritten form, shall be executed on behalf of the City by the signatures of its Mayor and Clerk and be sealed with the seal of the City; provided, as permitted by law, both signatures may be photocopied facsimiles and the corporate seal has been omitted. In the event of disability or resignation or other absence of either officer, the Bonds may be signed by the manual or facsimile signature of the officer who may act on behalf of the absent or disabled officer. In case either officer whose signature or facsimile of whose signature shall appear on the Bonds shall cease to be such officer before the delivery of the Bonds, the signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. 9. Authentication. No Bond shall be valid or obligatory for any purpose or be entitled to any security or benefit under this resolution unless a Certificate of Authentication on such Bond, substantially in the form hereinabove set forth, shall have been duly executed by an authorized representative of the Bond Registrar. Certificates of Authentication on different Bonds need not be signed by the same person. The Bond Registrar shall authenticate the signatures of officers of the City on each Bond by execution of the Certificate of Authentication on the Bond and by inserting as the date of registration in the space provided the date on which the Bond is authenticated, except that for purposes of delivering the original Bonds to the Purchaser, the Bond Registrar shall insert as a date of registration the date of original issue of December 1, 2011. The Certificate of Authentication so executed on each Bond shall be conclusive evidence that it has been authenticated and delivered under this resolution. 10. Registration; Transfer; Exchange. The City will cause to be kept at the principal office of the Bond Registrar a bond register in which, subject to such reasonable regulations as the Bond Registrar may prescribe, the Bond Registrar shall provide for the registration of Bonds and the registration of transfers of Bonds entitled to be registered or transferred as herein provided. Upon surrender for transfer of any Bond at the principal office of the Bond Registrar, the City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of registration (as provided in paragraph 9) of, and deliver, in the name of the designated transferee or transferees, one or more new Bonds of any Authorized Denomination or Denominations of a like aggregate principal amount, having the same stated maturity and interest rate, as requested by the transferor; provided, however, that no Bond may be registered in blank or in the name of "bearer" or similar designation. At the option of the Holder, Bonds may be exchanged for Bonds of any Authorized Denomination or Denominations of a like aggregate principal amount and stated maturity, upon surrender of the Bonds to be exchanged at the principal office of the Bond Registrar. Whenever any Bonds are so surrendered for exchange, the City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of registration of, and deliver the Bonds which the Holder making the exchange is entitled to receive. All Bonds surrendered upon any exchange or transfer provided for in this resolution shall be promptly canceled by the Bond Registrar and thereafter disposed of as directed by the City. 13 4317336v1 All Bonds delivered in exchange for or upon transfer of Bonds shall be valid general obligations of the City evidencing the same debt, and entitled to the same benefits under this resolution, as the Bonds surrendered for such exchange or transfer. Every Bond presented or surrendered for transfer or exchange shall be duly endorsed or be accompanied by a written instrument of transfer, in form satisfactory to the Bond Registrar, duly executed by the Holder thereof or his, her or its attorney duly authorized in writing. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of any Bond and any legal or unusual costs regarding transfers and lost Bonds. Transfers shall also be subject to reasonable regulations of the City contained in any agreement with the Bond Registrar, including regulations which permit the Bond Registrar to close its transfer books between record dates and payment dates. The Clerk is hereby authorized to negotiate and execute the terms of said agreement. 11. Rights Upon Transfer or Exchange. Each Bond delivered upon transfer of or in exchange for or in lieu of any other Bond shall carry all the rights to interest accrued and unpaid, and to accrue, which were carried by such other Bond. 12. Interest Payment: Record Date. Interest on any Bond shall be paid on each Interest Payment Date by check or draft mailed to the person in whose name the Bond is registered (the "Holder") on the registration books of the City maintained by the Bond Registrar and at the address appearing thereon at the close of business on the fifteenth day of the calendar month next preceding such Interest Payment Date (the "Regular Record Date"). Any such interest not so timely paid shall cease to be payable to the person who is the Holder thereof as of the Regular Record Date, and shall be payable to the person who is the Holder thereof at the close of business on a date (the "Special Record Date") fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest. Notice of the Special Record Date shall be given by the Bond Registrar to the Holders not less than ten days prior to the Special Record Date. 13. Treatment of Registered Owner. The City and Bond Registrar may treat the person in whose name any Bond is registered as the owner of such Bond for the purpose of receiving payment of principal of and premium, if any, and interest (subject to the payment provisions in paragraph 12) on, such Bond and for all other purposes whatsoever whether or not such Bond shall be overdue, and neither the City nor the Bond Registrar shall be affected by notice to the contrary. 14. Delivery; Application of Proceeds. The Bonds when so prepared and executed shall be delivered by the Clerk to the Purchaser upon receipt of the purchase price, and the Purchaser shall not be obliged to see to the proper application thereof. 15. Fund and Accounts. There is hereby created a special fund designated the General Obligation Improvement Crossover Refunding Bonds, Series 2011A Fund (the "Fund"), to be administered and maintained by the Finance Director as a bookkeeping account separate and apart from all other funds maintained in the official financial records of the City. The fund 14 4317336v1 shall be maintained in the manner herein specified until the Bonds and the interest thereon shall have been fully paid. In such records there shall be established and maintained the following separate accounts, for the purposes as follows: (a) Escrow Account. The Escrow Account shall be maintained as an escrow account with Northland Trust Services, Inc. (the "Escrow Agent"), in Minneapolis, Minnesota, which is a suitable financial institution within or without the State. $ in proceeds of the sale of the Bonds shall be received by the Escrow Agent and applied to fund the Escrow Account or to pay costs of issuing the Bonds. Proceeds of the Bonds less proceeds used to pay costs of issuance and any proceeds returned to the City are hereby irrevocably pledged and appropriated to the Escrow Account, together with all investment earnings thereon. The Escrow Account shall be invested in securities maturing or callable at the option of the holder on such dates and bearing interest at such rates as shall be required to provide sufficient funds, together with any cash or other funds retained in the Escrow Account, (i) to pay when due the interest to accrue on the Bonds to and including the Crossover Date; and (ii) to pay when called for redemption on the Crossover Date, the principal amount of the Refunded Bonds. The Escrow Account shall be irrevocably appropriated to the payment of (i) all interest on the Bonds to and including the Crossover Date, and (ii) the principal of the Refunded Bonds due by reason of their call for redemption on the Crossover Date. The moneys in the Escrow Account shall be used solely for the purposes herein set forth and for no other purpose, except that any surplus in the Escrow Account may be remitted to the City, all in accordance with an agreement (the "Escrow Agreement") by and between the City and Escrow Agent, a form of which agreement is on file in the office of the Clerk. Any moneys remitted to the City pursuant to the Escrow Agreement shall be deposited in the Debt Service Account. (b) Debt Service Account. To the Debt Service Account there is hereby pledged and irrevocably appropriated and there shall be credited: (i) after the Crossover Date, all uncollected special assessments pledged to the payment of the Prior Bonds; (ii) any collections of all taxes heretofore or hereafter levied for the payment of the Prior Bonds and interest thereon which are not needed to pay the Prior Bonds as a result of the Refunding; (iii) any sums remitted to the City upon the termination of the Escrow Agreement; (iv) all investment earnings on funds in the Debt Service Account; and (v) any and all other moneys which are properly available and are appropriated by the governing body of the City to the Debt Service Account. The amount of any surplus remaining in the Debt Service Account when the Bonds and interest thereon are paid shall be used consistent with Minnesota Statutes, Section 475.61, Subdivision 4. The moneys in the Debt Service Account shall be used solely to pay the principal of and interest on the Bonds or any other bonds hereafter issued and made payable from the Fund. No portion of the proceeds of the Bonds shall be used directly or indirectly to acquire higher yielding investments or to replace funds which were used directly or indirectly to acquire higher yielding investments, except (a) for a reasonable temporary period until such proceeds are needed for the purpose for which the Bonds were issued, and (b) in addition to the above, in an amount not greater than the lesser of five percent of the proceeds of the Bonds or $100,000. To this effect, any proceeds of the Bonds and any sums from time to time held in the Fund (or any other City account which will be used to pay principal and interest to become due on the Bonds) in excess of amounts which under the applicable federal arbitrage regulations may be invested without regard as to yield shall not be invested in excess of the applicable yield restrictions 15 4317336v1 imposed by the arbitrage regulations on such investments after taking into account any applicable "temporary periods" or "minor portion" made available under the federal arbitrage regulations. In addition, the proceeds of the Bonds and money in the Fund shall not be invested in obligations or deposits issued by, guaranteed by or insured by the United States or any agency or instrumentality thereof if and to the extent that such investment would cause the Bonds to be "federally guaranteed" within the meaning of Section 149(b) of the federal Internal Revenue Code of 1986, as amended (the "Code"). 16. Special Assessments. The City has heretofore levied special assessments pursuant to the Prior Resolution, which were pledged to the payment of the principal and interest on the Prior Bonds and, after the crossover date, the uncollected special assessments for the Prior Bonds are now pledged to the payment of principal and interest on the Bonds. The special assessments are such that if collected in full they, together with estimated collections of taxes herein pledged for the payment of the Bonds, will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the Bonds. The special assessments were levied as provided below, payable in equal, consecutive, annual installments, with general taxes for the years shown below and with interest on the declining balance of all such assessments at the rate shown opposite such years: Levy Improvement Designation Years Queens Avenue Project 2013-2021 CSAH Project 2013-2026 Collection Years Amount 2014-2022 See attached schedule 2014-2027 17. Tax Levy; Coverage Test; Cancellation of Certain Tax Levies. To provide moneys for payment of the principal and interest on the Bonds there is hereby levied upon all of the taxable property in the City a direct annual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of other general property taxes in the City for the years and in the amounts as follows: Years of Tax Levy Years of Tax Collection Amount 2013-2026 2014-2027 See attached schedule The tax levies are such that if collected in full they, together with estimated collections of special assessments and any other revenues herein pledged for the payment of the Bonds and sums held in the Escrow Account, will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the Bonds. The tax levies shall be irrepealable so long as any of the Bonds are outstanding and unpaid, provided that the City reserves the right and power to reduce the levies in the manner and to the extent permitted by Minnesota Statutes, Section 475.61, Subdivision 3. Upon payment of the Prior Bonds, the uncollected taxes levied in the Prior Resolution authorizing the issuance of the Prior Bonds which are not needed to pay the Prior Bonds as a result of the Refunding shall be canceled. 16 4317336v1 18. General Obligation Pledge. For the prompt and full payment of the principal of and interest on the Bonds as the same respectively become due, the full faith, credit and taxing powers of the City shall be and are hereby irrevocably pledged. If the balance in the Escrow Account or Debt Service Account is ever insufficient to pay all principal and interest then due on the Bonds payable therefrom, the deficiency shall be promptly paid out of any other accounts of the City which are available for such purpose, and such other funds may be reimbursed without interest from the Escrow Account or Debt Service Account when a sufficient balance is available therein. 19. Securities, Escrow Agent. Securities purchased from moneys in the Escrow Account shall be limited to securities set forth in Minnesota Statutes, Section 475.67, Subdivision 8, and any amendments or supplements thereto. Securities purchased from the Escrow Account shall be purchased simultaneously with the delivery of the Bonds. The City Council has investigated the facts and hereby finds and determines that the Escrow Agent is a suitable financial institution to act as escrow agent. 20. Escrow Agreement. On or prior to the delivery of the Bonds the Mayor and Clerk shall, and are hereby authorized and directed to, execute on behalf of the City an Escrow Agreement. The Escrow Agreement is hereby approved and adopted and made a part of this resolution, and the City covenants that it will promptly enforce all provisions thereof in the event of default thereunder by the Escrow Agent. 21. Purchase of SLGS or Open Market Securities. The Purchaser and its designees, as agent for the City, are hereby authorized and directed to purchase on behalf of the Council and in its name the appropriate United States Treasury Securities, State and Local Government Series and/or open market securities as provided in paragraph 19, from the proceeds of the Bonds and, to the extent necessary, other available funds, all in accordance with the provisions of this resolution and the Escrow Agreement and to execute all such documents (including the appropriate subscription form) required to effect such purchase in accordance with the applicable U.S. Treasury Regulations. 22. Redemption of Prior Bonds. The Prior Bonds shall be redeemed and prepaid in accordance with the terms and conditions set forth in the Notice of Call for Redemption, in the form attached to the Escrow Agreement, which terms and conditions are hereby approved and incorporated herein by reference. The Notice of Call for Redemption shall be given pursuant to the Escrow Agreement. 23. Prior Bonds, Security. Until retirement of the Prior Bonds, all provisions theretofore made for the security thereof shall be observed by the City and all of its officers and agents. 24. Supplemental Resolution. The Prior Resolution is hereby supplemented to the extent necessary to give effect to the provisions of this resolution. 25. Defeasance. When all Bonds have been discharged as provided in this paragraph, all pledges, covenants and other rights granted by this resolution to the registered holders of the Bonds shall, to the extent permitted by law, cease. The City may discharge its obligations with 17 4317336v1 respect to any Bonds which are due on any date by irrevocably depositing with the Bond Registrar on or before that date a sum sufficient for the payment thereof in full; or if any Bond should not be paid when due, it may nevertheless be discharged by depositing with the Bond Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. The City may also at any time discharge its obligations with respect to any Bonds, subject to the provisions of law now or hereafter authorizing and regulating such action, by depositing irrevocably in escrow, with a suitable banking institution qualified by law as an escrow agent for this purpose, cash or securities described in Minnesota Statutes, Section 475.67, Subdivision 8, bearing interest payable at such times and at such rates and maturing on such dates as shall be required, without regard to sale and/or reinvestment, to pay all amounts to become due thereon to maturity or, if notice of redemption as herein required has been duly provided for, to such earlier redemption date. 26. Certificate of Registration. The Clerk is hereby directed to file a certified copy of this resolution with the County Auditor of Wright County, Minnesota, together with such other information as the County Auditor shall require, and to obtain the County Auditor's Certificate that the Bonds have been entered in the County Auditor's Bond Register and that the tax levy required by law has been made. 27. Records and Certificates. The officers of the City are hereby authorized and directed to prepare and furnish to the Purchaser, and to the attorneys approving the legality of the issuance of the Bonds, certified copies of all proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and such other affidavits, certificates and information as are required to show the facts relating to the legality and marketability of the Bonds as the same appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the City as to the facts recited therein. 28. Negative Covenant as to Use of Proceeds and Project. The City hereby covenants not to use the proceeds of the Bonds or to use the Project financed by the Prior Bonds, or to cause or permit them to be used, or to enter into any deferred payment arrangements for the cost of the Project, in such a manner as to cause the Bonds to be "private activity bonds" within the meaning of Sections 103 and 141 through 150 of the Code. 29. Tax -Exempt Status of the Bonds; Rebate. The City shall comply with requirements necessary under the Code to establish and maintain the exclusion from gross income under Section 103 of the Code of the interest on the Bonds, including without limitation (i) requirements relating to temporary periods for investments, (ii) limitations on amounts invested at a yield greater than the yield on the Bonds, and (iii) the rebate of excess investment earnings to the United States, if the Bonds (together with other obligations reasonably expected to be issued and outstanding at one time in this calendar year) exceed the small issuer exception amount of $5,000,000. For purposes of qualifying for the exception to the federal arbitrage rebate requirements for governmental units issuing $5,000,000 or less of bonds, the City hereby finds, determines and declares that: 18 4317336v1 (a) the Bonds are issued by a governmental unit with general taxing powers; (b) no Bond is a private activity bond; (c) ninety-five percent or more of the net proceeds of the Bonds are to be used for local governmental activities of the City (or of a governmental unit the jurisdiction of which is entirely within the jurisdiction of the City); and (d) the aggregate face amount of all tax exempt bonds (other than private activity bonds) issued by the City (and all subordinate entities thereof, and all entities treated as one issuer with the City) during the calendar year in which the Bonds are issued and outstanding at one time is not reasonably expected to exceed $5,000,000, all within the meaning of Section 148(f)(4)(D) of the Code. (e) there shall not be taken into account for purposes of said $5,000,000 limit any bond issued to refund (other than to advance refund) any bond to the extent the amount of the refunding bond does not exceed the outstanding amount of the refunded bond; (f) the aggregate face amount of the Bonds does not exceed $5,000,000; (g) each of the Refunded Bonds was issued as part of an issue which was treated as meeting the rebate requirements by reason of the exception for governmental units issuing $5,000,000 or less of bonds; (h) the average maturity of the Bonds does not exceed the average maturity of the Refunded Bonds; and (i) no part of the Bonds has a maturity date which is later than the date which is thirty years after the date the Refunded Bonds were issued. 30. Designation of Qualified Tax -Exempt Obligations. In order to qualify the Bonds as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the Code, the City hereby makes the following factual statements and representations: (a) the Bonds are issued after August 7, 1986; (b) the Bonds are not "private activity bonds" as defined in Section 141 of the Code; (c) the City hereby designates the Bonds as "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the Code; (d) the reasonably anticipated amount of tax-exempt obligations (other than private activity bonds, treating qualified 501(c)(3) bonds as not being private activity bonds) which will be issued by the City (and all entities treated as one issuer with the City, and all subordinate entities whose obligations are treated as issued by the City) during this calendar year 2011 will not exceed $10,000,000; 19 4317336v1 (e) not more than $10,000,000 of obligations issued by the City during this calendar year 2011 have been designated for purposes of Section 265(b)(3) of the Code; and (f) the aggregate face amount of the Bonds does not exceed $10,000,000. The City shall use its best efforts to comply with any federal procedural requirements which may apply in order to effectuate the designation made by this paragraph. 31. Continuing Disclosure. The City is the sole obligated person with respect to the Bonds. The City hereby agrees, in accordance with the provisions of Rule 15c2-12 (the "Rule"), promulgated by the Securities and Exchange Commission (the "Commission") pursuant to the Securities Exchange Act of 1934, as amended, and a Continuing Disclosure Undertaking (the "Undertaking") hereinafter described to: (a) Provide or cause to be provided to the Municipal Securities Rulemaking Board (the "MSRB") by filing at www.emma.msrb.org in accordance with the Rule, certain annual financial information and operating data in accordance with the Undertaking. The City reserves the right to modify from time to time the terms of the Undertaking as provided therein. (b) Provide or cause to be provided to the MSRB notice of the occurrence of certain events with respect to the Bonds in not more than ten (10) business days after the occurrence of the event, in accordance with the Undertaking. (c) Provide or cause to be provided to the MSRB notice of a failure by the City to provide the annual financial information with respect to the City described in the Undertaking, in not more than ten (10) business days following such amendment. (d) The City agrees that its covenants pursuant to the Rule set forth in this paragraph and in the Undertaking is intended to be for the benefit of the Holders of the Bonds and shall be enforceable on behalf of such Holders; provided that the right to enforce the provisions of these covenants shall be limited to a right to obtain specific enforcement of the City's obligations under the covenants. The Mayor and Clerk of the City, or any other officer of the City authorized to act in their place (the "Officers") are hereby authorized and directed to execute on behalf of the City the Undertaking in substantially the form presented to the City Council subject to such modifications thereof or additions thereto as are (i) consistent with the requirements under the Rule, (ii) required by the Purchaser of the Bonds, and (iii) acceptable to the Officers. 32. Severability. If any section, paragraph or provision of this resolution shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this resolution. 33. Headings. Headings in this resolution are included for convenience of reference only and are not a part hereof, and shall not limit or define the meaning of any provision hereof. 4317336v1 The motion for the adoption of the foregoing resolution was duly seconded by member and, after a full discussion thereof and upon a vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon the resolution was declared duly passed and adopted. 21 4317336v1 STATE OF MINNESOTA COUNTY OF WRIGHT CITY OF OTSEGO I, the undersigned, being the duly qualified and acting Clerk of the City of Otsego, 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, duly called and held on the date therein indicated, insofar as such minutes relate to providing for the issuance and sale of $4,640,000 General Obligation Improvement Crossover Refunding Bonds, Series 2011A. WITNESS my hand on November 28, 2011. Clerk 22 4317336v1 TAX LEVY SCHEDULE Less: Equals: 105% Assessment City Net Levy Collection Date Fiscal Total Levy Revenue Levy Year Year 12/21/2011 08/01/2012 02/01/2013 125, 816.25 08/01/2013 - 02/01/2014 107,842.50 08/01/2014 - 02/01/2015 467,842.50 491,234.63 223,655.32 267,579.31 2013 2014 08/01/2015 - 02/01/2016 465,642.50 488,924.63 216,494.40 272,430.23 2014 2015 08/01/2016 - 02/01/2017 468,342.50 491,759.63 209,333.48 282,426.15 2015 2016 08/01/2017 - 02/01 /2018 465,842.50 489,134.63 202,172.56 286,962.07 2016 2017 08/01/2018 - 02/01/2019 473,242.50 496,904.63 195,011.64 301,892.99 2017 2018 08/01/2019 - 02/01/2020 470,342.50 493,859.63 187,850.72 306,008.91 2018 2019 08/01/2020 - 02/01/2021 477,142.50 500,999.63 139,221.21 361,778.42 2019 2020 08/01/2021 - 02/01/2022 478,012.50 501,913.13 134,018.04 367,895.09 2020 2021 08/01/2022 - 02/01/2023 478,025.00 501,926.25 128,814.86 373,111.39 2021 2022 08/01/2023 - 02/01/2024 232,150.00 243,757.50 111,697.75 132,059.75 2022 2023 08/01/2024 - 02/01/2025 236,750.00 248,587.50 - 248,587.50 2023 2024 08/01/2025 - 02/01/2026 235,870.00 247,663.50 247,663.50 2024 2025 08/01/2026 - 02/01/2027 244,420.00 256,641.00 256,641.00 2025 2026 08/01/2027 - 02/01/2028 242,520.00 254,646.00 254,646.00 2026 2027 2027 2028 Total $5,669,803.75 - 4317336v1 21 programs cancelled due to low enrollment 353.96 2,478.14 1,141.37 3,973.47 19,415.00 55,341.53 (35,926.53) Classes Classes Season/Class Offered Held # Part. Revenue Expense Balance Winter/Spring After School Floor Hockey 2 2 10 200.00 77.08 122.92 After School Volleyballl 2 2 9 225.00 92.85 132.15 Gymnastics 9 9 64 2,211.00 1,351.28 859.72 Ice Skating 3 3 27 405.00 127.62 277.38 Open Gym 9 9 45 146.00 868.98 (722.98) Penny Carnival 1 1 75 - 222.97 (222.97) Intro to Rock Climbing 2 2 3 165.00 138.00 27.00 Little Sneakers/Sportsters 6 2 12 308.00 303.76 4.24 All Rec. Classes 123.50 (123.50) Subtotal Summer Gymnastics 6 4 29 969.00 575.90 393.10 Little Sportsters 4 2 13 377.00 387.60 (10.60) Soccer 9 9 111 3,867.50 727.98 3,139.52 Entertainment in the Park 10 10 767 - 2,896.75 (2,896.75) T-Ball/Tee to Toss/Coaches Pitch 9 9 136 4,707.50 2,266.05 2,441.45 Penny Carnival 1 1 96 - 411.05 (411.05) Tennis 7 6 41 1,189.00 551.30 637.70 All Rec. Classes 815.23 (815.23) Subtotal Fall After School Basketball 2 2 17 493.00 98.36 394.64 After School Soccer 2 2 3 101.50 86.85 14.65 Open Gym 10 10 127 381.00 785.23 (404.23) Gymnastics 10 9 66 2,148.50 1,526.65 621.85 Intro to Football 2 2 20 500.00 237.12 262.88 Little Sportsters 6 2 21 771.00 378.22 392.78 Tennis 5 2 10 250.00 121.87 128.13 All Rec. Classes - 269.33 (269.33) Subtotal Total 117 100 1,702 19,415.00 15,441.53 Administrative and Marketing Fee 15,500.00 Staff Coordination including benefits 24,400.00 21 programs cancelled due to low enrollment 353.96 2,478.14 1,141.37 3,973.47 19,415.00 55,341.53 (35,926.53) Recreation Programmer: • Position Responsibilities o Develop, administer, and run recreation programs ■ special events ■ youth, adult, and senior citizen programs ■ Hire/supervise/direct part time staff ■ Schedule facilities ■ Purchase supplies for programs ■ Coordinate community events • Estimated pay range is approximately $16 to $21 per hour plus benefits ($32,280 - $43,680 annual pay) o Could hire part time programmer (offering benefits would attract quality candidates) • Requires more direct supervision due to limited authority and experience outside of programming • A Recreation Programmer would provide recreation programs only Recreation Manager: • Position responsibilities o Develop Recreation Department o Recommend facilities for recreation programming (i.e. ice rinks) o Work with local business to sponsor events/equipment (banks sponsoring park events or equipment like an inflatable movie screen) o Apply for park grants o Develop, administer, and run recreation programs ■ Special events ■ Youth, adult, and senior citizen programs ■ Hire/supervise/direct part time staff ■ Schedule facilities ■ Purchase supplies for programs ■ Coordinate community events o Prepare and administer all aspects of recreation budget including recommending user fees o Schedule City park facilities o Serve as liaison with youth athletic associations and adult leagues o Serve as staff Park and Recreation Commission Liaison o Work with PW Parks staff to coordinate field preparation o Serve as City representative to MnDot, Wright County, and other park entities and associations o Promote City recreation opportunities ■ M RT ■ City Parks ■ Recreation programs o Assist with park development and planning o Assist with other special projects as assigned by City Administrator • Opportunity for Recreation Manager to build a department/program from the ground up o Very attractive opportunity for most park/recreation professionals • Estimated pay range is approximately $25 to $33 per hour plus benefits ($52,000 to $68,640 annual pay) o College degree with management experience o May be difficult to hire part-time at this level 2012 Recreation Budget: $61,000 $55,000 recreation; $6,000 events (3 — Easter Egg Hunt, Pumpkin Patch, Santa Day) $5,500 $5,000 Festival; $500 miscellaneous Events in 2010 netted $3,900 Paid ISD #728 Community Education $31,000 after reduction for revenue of $3,900 Actual Cost = $34,900 in 2010 18 Summer programs held with 55 total sessions 13 Winter programs held with 27 total sessions No Senior programming Brochure three times per year Part time recreation manager Registration System Accounting/Registration Program Supplies Program Subsidy Estimated Cost for In-house Program 2012 Recreation Budget Option (With Part Time Recreation Manager) $ 4,000 Mailed to all residents 51,000 24 hrs/week at $65,000 Paid per transaction. No upfront cost. Transaction cost included in program fee. - To be done by existing staff One time expenditure. Future costs are included in 4,000 program fee. As of 2010 programs made $3,900 after free park (3,900) events. $ 55,100 Includes Senior and Adult programming that is not currently being scheduled by Comm. Ed. Brochure three times per year Part time recreation manager Registration System Accounting/Registration Program Supplies Program Subsidy Estimated Cost for In-house Program 2012 Recreation Budget Option (With Part Time Recreation Programmer) $ 4,000 Mailed to all residents 20,800 20 hrs/week at $20/hour Paid per transaction. No upfront cost. Transaction cost included in program fee. - To be done by existing staff One time expenditure. Future costs are included in 4,000 program fee. As of 2010 programs made $3,900 after free park (3,900) events. .? L'+, 7 V V Includes Senior and Adult programming that is not currently being scheduled by Comm. Ed. City of Otsego Tax Levy Summary 11/21/2012 Final Final Final Final Final Proposed Proposed 2007 2008 2009 2010 2011 2012 2012 Levy Subject to Levy Limits General Government $ 2,305,439 $ 2,966,910 $ 3,212,090 $ 3,052,000 $ 3,340,000 $ 3,686,000 $ 3,539,767 PW Building 177,541 - 1999 Overlay Debt Service 40,000 - Public Works Equipment 170,000 180,000 190,000 200,000 160,000 150,000 150,000 Total General Fund 2,692,980 3,146,910 3,402,090 3,252,000 3,500,000 $ 3,836,000 3,689,767 Special Levies 2003 Debt Service 275,020 277,806 140,900 138,000 138,000 - 2006 Street Improvement - - 177,700 178,000 178,000 - Combined 2003/2004/2006 Bonds - 275,000 275,000 Public Works Building - - 250,000 150,000 150,000 150,000 Total $ 2,968,000 $ 3,424,716 $ 3,720,690 $ 3,818,000 $ 3,966,000 $ 4,261,000 $ 4,114,767 % Increase 15.39% 8.64% 2.62% 3.88% 7.44% 3.75% Total General Fund 3,146,910 3,402,090 3,252,000 3,500,000 2,831,000 2,819,767 Collected percentage 95% 95% 96% 96% 98% 98% General Fund Budgeted Tax Revenue 2,989,565 3,231,986 3,121,920 3,360,000 2,774,300 2,763,372 The previous year tax capacity value 11,127,425 12,924,315 13,793,048 13,026,469 11,660,126 11,660,126 The current year tax capacity value 12,924,315 13,793,048 13,026,469 11,660,126 10,306,103 10,306,103 The increase /decrease in the tax capacity valuation from year to year 16.15% 6.72% -5.56% -10.49% -11.61% -11.61% The final 2007 tax capacity rate 26.673% The final 2008 tax capacity rate 26.498% The final 2009 tax capacity rate 26.975% The final tax capacity rate and projected tax capacity rates 29.310% 34.013% 41.344% 39.926% Tax Levy Summary Section 2, Page 3 11/21/2011