HomeMy WebLinkAbout2.a. Accept Bids and Award Sale - G.O. Capital Improvement Plan (CIP) Bonds, Series 2005AAGENDA ITEM: Accept Bids and Award Sale G.O.
Capital Improvement Plan (CIP) Bonds,
Series 2005A
AGENDA SECTION:
Old Business
PREPARED BY: Jeff May, Finance Director
AGENDA NO.
Inca. 0
9
ATTACHMENTS: Resolution and Official Statement
APPROVED BY
RECOMMENDED ACTION: Motion to adopt A RESOLUTION ACCEPTING O ER ON
THE SALE OF $2,630,000 GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN
BONDS, SERIES 2005A, PROVIDING FOR THEIR ISSUANCE AND LEVYING A TAX
FOR THE PAYMENT THEREOF
ACTION:
Special City Council Meeting Date: May 24, 2005
ISSUE
Station #2.
CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
Accept bids and award sale of CIP bonds for the construction of Fire
BACKGROUND This item is on the agenda for Council to formally award the sale of
bonds for the Fire Station #2. At 11.00 A.M. Tuesday, May 24, 2005, sealed bids for G.O.
Capital Improvement Plan Bonds, Series 2005A, will be opened and the results tabulated at
the offices of Springsted, our financial consultants for the sale. A representative from
Springsted will be at the Council meeting that evening to give their recommendation for the
issuance of these bonds and to answer any questions that you may have.
Because the bid opening is not until earlier in the day Tuesday, you will receive information
regarding the bids at the meeting that evening.
SUMMARY
Recommend the above motion.
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2005
RESOLUTION ACCEPTING OFFER ON THE
SALE OF $2,630,000 GENERAL OBLIGATION CAPITAL IMPROVEMENT
PLAN BONDS, SERIES 2005A, PROVIDING FOR THEIR ISSUANCE
AND LEVYING A TAX FOR THE PAYMENT THEREOF
WHEREAS, on April 5, 2005, after a public hearing on the same, the City adopted a Capital
Improvement Plan (the "Plan in accordance with the provisions of Minnesota Statutes, Section
475.521, and gave preliminary approval to the issuance of general obligation capital
improvement plan bonds to finance various capital improvements set forth in the Plan,
WHEREAS, no petition signed by voters equal to 5 percent of the votes cast in the City in the
last general election requesting a vote on the issuance of the bonds has been filed with the City
Clerk within 30 days after the public hearing on April 5, 2005;
WHEREAS, the City Council has heretofore determined that it is necessary and expedient to
issue $2,630,000 General Obligation Capital Improvement Plan Bonds, Series 2005A to provide
funds to finance the construction and equipping of a new fire station in the City as set forth the
Plan;
WHEREAS, the City has retained Springsted Incorporated, in Saint Paul, Minnesota
"Spnngsted as its independent financial consultant for the sale of the Bonds, and therefore the
City is authorized to negotiate the sale of the Bonds without compliance with the public sale
requirements of Chapter 475, and
WHEREAS, the following offers set forth on Exhibit A were received, opened and recorded at
the offices of Springsted Incorporated at 11:00 A.M this same day.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Rosemount, Minnesota, as
follows:
1. Acceptance of Offer. The offer of
(the "Purchaser to purchase $2,630,000 General Obligation Capital Improvement Plan Bonds,
Series 2005A of the City (the "Bonds or individually a "Bond in accordance with the terms
of sale, at the rates of interest hereinafter set forth, and to pay therefor the sum of
plus interest accrued to settlement, is hereby found, determined and declared
to be the most favorable offer received and is hereby accepted, and the Bonds are hereby
awarded to said Purchaser The Finance Director is directed to retain the deposit of said
Purchaser and to forthwith return to the others making offers their good faith checks or drafts.
1 759474v 1
Bidder Interest Rate
Net Interest Rate
2. Terms of Bonds.
RESOLUTION 2005
(a) Title, Original Issue Date; Denominations; Maturities. The Bonds shall be titled
"General Obligation Capital Improvement Plan Bonds, Series 2005A," shall be dated June 15,
2005, as the date of ongmal issue and shall be issued forthwith on or after such date as fully
registered bonds. The Bonds shall be numbered from R -1 upward in the denomination of S5,000
each or in any integral multiple thereof of a single maturity. The Bonds shall mature on
February 1 in the years and amounts as follows:
Year Amount Year Amount
2007 95,000 2017 140,000
2008 100,000 2018 145,000
2009 105,000 2019 150,000
2010 105,000 2020 155,000
2011 110,000 2021 165,000
2012 115,000 2022 170,000
2013 120,000 2023 180,000
2014 125,000 2024 190,000
2015 130,000 2025 195,000
2016 135,000
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
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 Certificate for each maturity of the Bonds; and for purposes of complying with this
requirement under paragraphs 5 (with respect to redemption) and 10 (with respect to registration,
transfer, exchange) Authorized Denominations for any Bond shall be deemed to be limited
during the Book Entry Only Penod to the outstanding principal amount of that Bond.
(ii) Upon mitial issuance, ownership of the Bonds shall be registered in a bond register
maintained by U.S. Bank National Association in Saint Paul, Minnesota (the "Registrar 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 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
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RESOLUTION 2005
Participant holds an interest m 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 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 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
Registrar, as paying agent hereunder, shall pay all principal of and premium, if any, and interest
on the Bonds only to or upon the Holder of the Holders of the Bonds as shown on the 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.
(v) Upon delivery by the Depository to the 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 m paragraph 10 (with respect to registration, transfer,
exchange) hereof, 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 pnncipal 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 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 pnncipal 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.
1759474v1 4
RESOLUTION 2005
(viii) In connection with any notice or other communication to be provided to the Holders
pursuant to this Resolution by the City or 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 Registrar may establish a special record date for such consent or other action. The City or
the 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 Registrar in its written acceptance of its duties under this Resolution and
any paying agency 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 Certificate of a lesser denomination as provided in paragraph 5 hereof (with respect
to redemption), make a notation of the reduction in pnncipal 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 Bonds if it determines that the Depository is 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 can be found which, in the opinion of the
City, is willing and able to assume the functions of the Depository hereunder 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 Bonds 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 hereof (with respect to registration,
transfer, exchange). To the extent that the Beneficial Owners are designated as the transferee by
the Holders, in accordance with paragraph 10 hereof (with respect to registration, transfer,
exchange), the Bonds will be delivered to the Beneficial Owners.
(iii) Nothing in this subparagraph (c) shall limit or restrict the provisions of paragraph 10
hereof (with respect to registration, transfer, exchange).
(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.
RESOLUTION 2005
3. Purpose. The Bonds shall provide funds to finance the construction and equipping of a
new fire station in the City as more specifically set forth in the City's Capital improvement Plan
(the "Project The total cost of the Project, which shall include all costs enumerated in
Miimesota Statutes, Section 475.65, is estimated to be at least equal to the amount of the Bonds.
Work on the Project shall proceed with due diligence to completion.
4. Interest. The Bonds shall bear interest payable semiannually on February 1 and August 1
of each year (each, an "Interest Payment Date commencing February 1, 2006, calculated on
the basis of a 360 -day year of twelve 30 -day months, at the respective rates per annum set forth
opposite the matunty years as follows.
Maturity Interest Maturity Interest
Year Rate Year Rate
2007 2017
2008 2018
2009 2019
2010 2020
2011 2021
2012 2022
2013 2023
2014 2024
2015 2025
2016
The maximum annual principal and interest on the Bonds is which is less than
$862,271, which is .05367% of the taxable market value of the City.
5. Redemption. All Bonds matunng on February 1, 2017 and thereafter, shall be subject to
redemption and prepayment at the option of the City on February 1, 2016, 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 City shall determine the maturities
and the principal amounts within each maturity to be prepaid, 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.
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 matunty 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
1759474v1 5
RESOLUTION 2005
of the principal amount of each such Bond of a denomination of more than $5,000 shall be
redeemed as shall equal S5,000 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 the Bond
Registrar so requires, a written instrument of transfer in form satisfactory to the City and the
Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in
writing) and the City shall execute and the Bond Registrar shall authenticate and deliver to the
Holder of the Bond, without service charge, a new Bond or Bonds of the same series 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 m exchange for the
unredeemed portion of the principal of the Bond so surrendered.
6. Bond Registrar. U.S. Bank National Association, in Saint Paul, 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. 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 (with respect
to interest payment and record date) of this resolution.
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
1759474v1 6
UNITED STATES OF AMERICA
STATE OF MINNESOTA
DAKOTA COUNTY
CITY OF ROSEMOUNT, MINNESOTA
RESOLUTION 2005
R-
GENERAL OBLIGATION CAPITAL IMPROVEMENT
PLAN BOND, SERIES 2005A
INTEREST MATURITY DATE OF
RATE DATE ORIGINAL ISSUE CUSIP
REGISTERED OWNER: CEDE CO.
1759474v1 7
June 15, 2005
PRINCIPAL AMOUNT: DOLLARS
KNOW ALL PERSONS BY THESE PRESENTS that the City of Rosemount, Dakota 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 February 1, 2006, 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 ofU.S. Bank National Association,
in Saint Paul, 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 appeanng 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
RESOLUTION 2005
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 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
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.
Redemption. All Bonds of this issue (the "Bonds maturing on February 1, 2017 and thereafter,
are subject to redemption and prepayment at the option of the Issuer on February 1, 2016, hnd 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 Issuer shall determine the
maturities and the principal amounts within each maturity to be prepaid, 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.
Selection of Bonds for Redemption; Partial Redemption. To effect a partial redemption of
Bonds having a common maturity date, the Bond Registrar 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 assigned to the 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 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 Issuer or the Bond Registrar so requires, a written instrument of transfer in form
satisfactory to the Issuer and the Bond Registrar duly executed by the Holder thereof or the
Holder's attorney duly authorized in writing) and the Issuer shall execute 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
Issuance; Purpose; General Obligation This Bond is one of an issue in the total principal
amount of $2,630,000, all of like date of original issue and tenor, except as to number, maturity,
interest rate, denomination and redemption privilege, which Bond has been 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 May 24, 2005 (the "Resolution for the purpose of
providing money to finance the construction of a fire station as described in the Issuer's Capital
Improvement Plan. This Bond is payable out of the General Obligation Capital Improvement
1759474v1 8
1759474v1 9
RESOLUTION 2005
Plan Bonds, Series 2005A Fund of the Issuer. 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 as fully registered bonds
in the denominations of $5,000 and integral multiples thereof of a single maturity 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 his, her or its attorney duly
authorized in writing at the pnncipal 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
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 (except as otherwise provided herein with respect to the Record Date) 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.
Qualified Tax Exempt Obligations. The Bonds have been designated by the Issuer as "qualified
tax exempt obligations" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986,
as amended.
RESOLUTION 2005
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.
IN WITNESS WHEREOF, City of Rosemount, Dakota County, Minnesota, by its City Council
has caused this Bond to be executed on its behalf by the facsimile signatures of the Mayor and
City Clerk, the seal of the Issuer having been intentionally omitted as permitted by law.
Date of Registration: Registrable by: U.S. BANK NATIONAL
ASSOCIATION
BOND REGISTRAR'S
CERTIFICATE OF
AUTHENTICATION
This Bond is one of the
Bonds described in the
Resolution mentioned within.
U.S Bank National Association
Saint Paul, Minnesota
Bond Registrar
By
Authorized Signature
1759474v1
Payable at: U.S. BANK NATIONAL
ASSOCIATION
CITY OF ROSEMOUNT,
DAKOTA COUNTY, MINNESOTA
/s/ Facsimile
Mayor
/s/ Facsimile
Clerk
10
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
1759474v1
(Cust) (Minor)
under the Uniform
(State)
Transfers to Minors Act
Additional abbreviations may also be used
though not in the above list.
11
RESOLUTION 2005
Dated:
Notice:
Signature Guaranteed:
ASSIGNMENT
RESOLUTION 2005
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.
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(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 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:
1759474v1
(Include information for all joint owners if the Bond
is held by joint account.)
12
1759474v1
Date
Use only for Bonds when they are
Registered in Book Entry Only System
PREPAYMENT SCHEDULE
This Bond has been prepaid in part on the date(s) and in the amount(s) as follows:
Authorized Signature
Amount of Holder
13
RESOLUTION 2005
RESOLUTION 2005
8. Execution; Temporary Bonds. The Bonds shall be printed (or, at the request of the
Purchaser, typewritten) shall be executed on behalf of the City by the signatures of its Mayor and
City Clerk and be sealed with the seal of the City; provided, however, that the seal of the City
may be a printed (or, at the request of the Purchaser, photocopied) facsimile, and provided
further that both of such signatures may be printed (or, at the request of the Purchaser,
photocopied) facsimiles and the corporate seal may be omitted on the Bonds as permitted by law.
In the event of disability or resignation or other absence of either such officer, the Bonds may be
signed by the manual or facsimile signature of that officer who may act on behalf of such absent
or disabled officer In case either such 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, such
signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if he
or she had remained in office until delivery. The City may elect to deliver, in lieu of printed
definitive bonds, one or more typewritten temporary bonds in substantially the form set forth
above, with such changes as may be necessary to reflect more than one maturity in a single
temporary bond. The temporary bonds may be executed with photocopied facsimile signatures
of the Mayor and City Clerk. Such temporary bonds shall, upon the printing of the definitive
bonds and the execution thereof, be exchanged therefor and canceled.
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 onginal Bonds to the Purchaser, the
Bond Registrar shall insert as a date of registration the date of original issue, which date is June
15, 2005. 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 with respect to authentication) 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
matunty 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 pnncipal office of the Bond Registrar. Whenever any Bonds are so
1759474v1
14
RESOLUTION 2005
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 cancelled by the Bond Registrar and thereafter disposed of as directed by the City
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 1)6
accompanied by a wntten 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
govenunental 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.
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 m 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 (15th) 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
dose 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 (10) 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 m
paragraph 12 above with respect to interest payment and record date) 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.
1759474v1
15
RESOLUTION 2005
14. Delivery; Application of Proceeds. The Bonds when so prepared and executed shall be
delivered by the City Finance Director 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 to be designated the "General
Obligation Capital Improvement Plan Bonds, Series 2005A 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 shall
be maintained m the manner herein specified until all of the Bonds and the interest thereon have
been fully paid. There shall be maintained in the Fund two (2) separate accounts, to be
designated the "Construction Account" and 'Debt Service Account," respectively.
(i) Construction Account. To the Construction Account there shall be credited the proceeds
of the sale of the Bonds, less accrued interest received thereon, less any amount paid for the
Bonds in excess of $2,595,810 and less capitalized interest in the amount of
(together with interest earnings thereon and subject to such other adjustments as are appropriate
to provide sufficient funds to pay interest due on the Bonds on or before
From the Construction Account there shall be paid all costs and expenses of the Project,
including the cost of any construction contracts heretofore let and all other costs incurred and to
be incurred of the kind authorized in Minnesota Statutes, Section 475.65, and the moneys in said
account shall be used for no other purpose except as otherwise provided by law; provided that
the proceeds of the Bonds may also be used to the extent necessary to pay interest on the Bonds
due prior to the anticipated date of commencement of the collection of taxes herein levied or
covenanted to be levied
(ii) Debt Service Account. There are hereby irrevocably appropriated and pledged to, and
there shall be credited to, the Debt Service Account: (a) all accrued interest received upon
delivery of the Bonds; (b) all funds paid for the Bonds in excess of $2,595,810; (c) any
collections of all taxes herein or hereafter levied for the payment of the Bonds and interest
thereon, (d) capitalized interest in the amount of S (together with interest earnings
thereon and subject to such other adjustments as are appropriate to provide sufficient funds to
pay interest due on the Bonds on or before (e) all funds remaining in the
Construction Account after completion of the Project and payment of the costs thereof, (f) all
investment earnings on funds held in the Debt Service Account; and (g) 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 Debt Service Account shall be used solely to pay the principal and interest
and any premiums for redemption of the Bonds and any other general obligation bonds of the
City hereafter issued by the City and made payable from said account as provided by law.
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 (1) for a reasonable temporary period until such proceeds are
needed for the purpose for which the Bonds were issued and (2) in addition to the above in an
amount not greater than the lesser of five percent (5 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
Construction Account or Debt Service Account (or any other City account which will be used to
1759474v1
16
RESOLUTION 2005
pay principal or interest to become due on the bonds payable therefrom) in excess of amounts
which under then applicable federal arbitrage regulations may be invested without regard to
yield shall not be invested at a yield in excess of the applicable yield restnctions imposed by said
arbitrage regulations on such investments after taking into account any applicable "temporary
periods" or "minor portion" made available under the federal arbitrage regulations. 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
Internal Revenue Code of 1986, as amended (the "Code
16. Tax Levy; Coverage Test. To provide moneys for payment of the principal and interest
on the Bonds there has heretofore and 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.
The tax levies are such that if collected in full they, together with other revenues herein pledged
for the payment of the Bonds, will produce at least five percent (5 in excess of the amount
needed to meet when due the principal and interest payments on the Bonds. The tax levies shall
be irreparable 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.
1759474v1
Year of Tax Year of Tax
Levy Collection
2005 2006
2006 2007
2007 2008
2008 2009
2009 2010
2010 2011
2011 2012
2012 2013
2013 2014
2014 2015
2015 2016
2016 2017
2017 2018
2018 2019
2019 2020
2020 2021
2021 2022
2022 2023
2023 2024
17
Amoulit
RESOLUTION 2005
17. General Obligation Pledge. For the prompt and full payment of the principal 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 Debt Service Account is
ever insufficient to pay all principal and interest then due on the Bonds and any other bonds
payable therefrom, the deficiency shall be promptly paid out of any other funds of the City which
are available for such purpose, and such other funds may be reimbursed with or without interest
from the Debt Service Account when a sufficient balance is available therein.
18. Certificate of Registration. The City Clerk is hereby directed to file a certified copy of
this resolution with the County Auditor, together with such other information as he or she 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.
19. 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.
20. 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
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, subject 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.
21. 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 (1)
requirements relating to temporary periods for investments, (2) limitations on amounts invested
at a yield greater than the yield on the Bonds, and (3) 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
1759474v1
18
RESOLUTION 2005
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 (1) the Bonds are issued by a governmental unit with general taxing powers, (2) no
Bond is a private activity bond, (3) ninety -five percent (95 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 (4) 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) dunng the
calendar year m which the Bonds are issued is not reasonably expected to exceed $5,000,000, all
within the meaning of Section 148(f)(4)(D) of the Code.
22. Negative Covenant as to Use of Project. The City hereby covenants not to use the Project
or to cause or permit it 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.
23. Compliance with Reimbursement Bond Regulations. The provisions of this paragraph
are intended to establish and provide for the City's compliance with United States Treasury
Regulations Section 1.150 -2 (the "Reimbursement Regulations applicable to the
"reimbursement proceeds" of the Bonds, being those portions thereof which will be used by the
City to reimburse itself for any expenditure which the City paid or will have paid prior to the
Closing Date (a "Reimbursement Expenditure
The City hereby certifies and/or covenants as follows:
(a) Not later than 60 days after the date of payment of a Reimbursement Expenditure, the
City (or person designated to do so on behalf of the City) has made or will have made a written
declaration of the City's official intent (a "Declaration which effectively (i) states the City's
reasonable expectation to reimburse itself for the payment of the Reimbursement Expenditure
out of the proceeds of a subsequent borrowing, (ii) gives a general and functional description of
the property, project or program to which the Declaration relates and for which the
Reimbursement Expenditure is paid, or identifies a specific fund or account of the City and the
general functional purpose thereof from which the Reimbursement Expenditure was to be paid
(collectively the "Project and (ni) states the maximum pnncipal amount of debt expected to be
issued by the City for the purpose of financing the Project; provided, however, that no such
Declaration shall necessarily have been made with respect to: (i) "preliminary expenditures" for
the Project, defined in the Reimbursement Regulations to include engineering or architectural,
surveying and soil testing expenses and similar prefatory costs, which in the aggregate do not
exceed 20% of the "issue price" of the Bonds, and (n) a de munmis amount of Reimbursement
Expenditures not in excess of the lesser of $100,000 or 5% of the proceeds of the Bonds.
(b) Each Reimbursement Expenditure is a capital expenditure or a cost of issuance of the
Bonds or any of the other types of expenditures described in Section 1 150- 2(d)(3) of the
Reimbursement Regulations.
n59474v1
19
(i) provide or cause to be provided to each nationally recognized municipal securities
information repository "NRMSIR and to the appropriate state information depository "SID
if any, for the State of Minnesota, in each case as designated by the Commission in accordance
20
(c) The "reimbursement allocation" described in the Reimbursement Regulations for each
Reimbursement Expenditure shall and will be made forthwith following (but not prior to) the
issuance of the Bonds and in all events within the period ending on the date which is the later of
three years after payment of the Reimbursement Expenditure or one year after the date on which
the Project to which the Reimbursement Expenditure relates is first placed in service.
(d) Each such reimbursement allocation will be made in a writing that evidences the City's
use of Bond proceeds to reimburse the Reimbursement Expenditure and, if made within 30 days
after the Bonds are issued, shall be treated as made on the day the Bonds are issued.
Provided, however, that the City may take action contrary to any of the foregoing covenants in
this paragraph 23 upon receipt of an opinion of its Bond Counsel for the Bonds stating in effect
that such action will not impair the tax- exempt status of the Bonds.
24. 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 "pnvate 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 subordinate to, or treated as one issuer with, the City) during
this calendar year 2005 will not exceed $10,000,000; and
(e) not more than $10,000,000 of obligations issued by the City during this calendar year
2005 have been designated for purposes of Section 265(b)(3) of the Code.
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
25. Continuing Disclosure.
(a) 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 Secunties Exchange Act of
1934, as amended, and a Continuing Disclosure Undertaking (the "Undertaking hereinafter
described to:
1759474v1
RESOLUTION 2005
RESOLUTION 2005
with the Rule, certain annual financial information and operating data in accordance with the
Undertaking
(ii) provide or cause to be provided, in a timely manner, to (i) each NRMSIR or to the
Municipal Securities Rulemaking Board "MSRB and (ii) the SID, notice of the occurrence of
certain material events with respect to the Bonds in accordance with the Undertaking.
(iii) Provide or cause to be provided, in a timely manner, to (i) each NRMSIR or to the MSRB
and (ii) the SID, notice of a failure by the Issuer to provide the annual financial information with
respect to the Issuer described in the Undertaking.
(iv) The City agrees that its covenants pursuant to the Rule set forth in this paragraph and in
the Undertaking are intended to be for the benefit of the holders and any other beneficial owners
of the Bonds and shall be enforceable on behalf of such holders and beneficial owners, 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.
(b) The Mayor and City 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.
26 Severabihty. 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 remauung provisions of tlus resolution.
27. 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.
ns9474v1
21
ADOPTED this 24 day of May, 2005.
ATTEST:
Linda Jentmk, City Clerk
RESOLUTION 2005
William H. Droste, Mayor
i
Motion by: Seconded by:
Voted in favor:
Voted Against:
1759474v1
22
STATE OF MINNESOTA
COUNTY OF DAKOTA ss
CITY OF ROSEMOUNT
CERTIFICATE
I, Linda J. Jentink, duly appointed, acting and qualified City Clerk of the City of
Rosemount do hereby certify that I have examined the City of Rosemount records and the
Minute Book of said City for the meeting of the 24` of May 2005 and that the attached copy of
the RESOLUTION ACCEPTING OFFER ON THE SALE OF 52,630,000 GENERAL
OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS, SERIES 2005, PROVIDING
FOR THEIR ISSUANCE AND LEVYING A TAX FOR THE PAYMENT THEREOF was
approved and is a true and correct copy of the City Proceedings relating to said Resolution.
IN WITNESS WHEREOF, I have hereunto set my hand and seal of said City this
day of 2005.
1759474v1
Linda J Ientink, City Clerk
City of Rosemount
Dakota County, Minnesota
EXHIBIT A This Continuing Disclosure Undertaking(the "Disclosure Undertaking") is executed and
delivered by the City of Rosemount, Minnesota(the "Issuer"), in connection with the issuance of
List of Nationally Recognized Municipal � $1,535,000 General Obligation Equipment Certificates of Indebtedness, Series 2005B (the
Securities Information Repositories "Certificates"). The Certificates are being issued pursuant to a Resolution adopted May 24, 2005
(the "Resolution"). Pursuant to the Resolution and this Undertaking, the Issuer covenants and
agrees as follows:
Bloomberg Municipal Repository
100 Business Park Drive SECTION 1. Purpose of the Disclosure Undertaking. This Disclosure Undertaking is
Skillman, NJ 08558 '� being executed and delivered by the Issuer for the benefit of the Owners and in order to assist the
Phone: 609-279-3225 Participating Underwriters in complying with SEC Rule 15c2-12(b)(5).
Fax: 609-279-5962
Email: Munisna,Bloomberg.com � SECTION 2. Definitions. In addition to the definitions set forth in the Resolution,which
http://www.bloomberg.com/markets/rates/municontacts.html apply to any capitalized term used in this Disclosure Undertaking unless otherwise defined in this
' Section, the following capitalized terms shall have the following meanings:
DPC Data Inc.
One Executive Drive "Annual Report" shall mean any annual financial information provided by the Issuer
Fort Lee, NJ 07024 pursuant to, and as described in, Sections 3 and 4 of this Disclosure Undertaking.
Phone: 201-346-0701 "Audited Financial Statements" shall mean the financial statements of the Issuer audited
Fax: 201-947-0107
Email: nrmsir@,dpcdata.com annually by an independent certified public accounting firm,prepared pursuant to generally
http:Uwww.dpcdata.com accepted accounting principles promulgated by the Financial Accounting Standards Board,
modified by governmental accounting standards promulgated by the Government Accounting
FT Interactive Data Standards Board.
Attn: NRMSIR "Dissemination Agent" shall mean such party from time to time designated in writing by
l00 William Street the Issuer to act as information dissemination agent and which has filed with the Issuer a written
New York,NY 10038 acceptance of such designation.
Phone: 212-771-6999
Fax: 212-771-7390 (Secondary Market Information) "Fiscal Year" shall be the fiscal year of the Issuer.
Fax: 212-771-7391 (Primary Market Informatian)
Email: NRMSIR(�FTID.com "Governing Body" shall, with respect to the Certificates, have the meaning given that
http:Uwww.interactivedata.com term in Minnesota Statutes, Section 475.51, Subdivision 9.
Standard & Poor's Securities Evaluations, Inc. "MSRB" shall mean the Municipal Securities Rulemaking Board.
55 Water Street �
45th Floor "NationaT Repository" shall mean any Nationally Recognized Municipal Securities
New York, NY 10041 Information Repository for purposes of the Rule. The National Repositories as of the date of
Phone: 212-438-4595 �, execution of this Undertaking are as listed on Exhibit A.
Fax: 212-438-3975
EmaiL• NRMSIR repositor�(cr�,sandp.com "Occurrence(s)" shall mean any of the events listed in Section S.A. of this Disclosure
www jjkennv.com/jjkenn�pser descrip data reu.html ''+'•' Undertaking.
"Official Statement" shall be the Official Statement dated , 2005,
prepared in connection with the Certificates.
"Owners" shall mean the registered holders and, if not the same, the beneficial owners of
any Certificates.
* This list is current as of the date of issuance of the Bonds.
I I-6 I I-7
"Participating Underwriter" shall mean any of the original underwriters of the Certificates Date: , 2005
required to comply with the Rule in connection with offering of the Certificates.
"Repository" shall mean each National Repository and each State Depository. CITY OF ROSEMOUNT,MINNESOTA
'Resolution" shall mean the resolution or resolutions adopted by the Governing Body of � B
the Issuer providing for,and authorizing the issuance of, the Certificates. Y
Its
"Rule" shall mean Rule 15c2-12(b)(5) adopted by the Securities and Exchange -
Commission under the Securities Exchange Act of 1934, as the same may be amended from time �
By
to time or interpreted by the Securities and Exchange Commission. Its
t
"State" shall mean the State of Minnesota.
"State Depository" shall mean any public or private repository or entity designated by the
State as a state depository for the purpose of the Rule. As of the date of this Disclosure
Undertaking, there is no State Depository in 1Vlinnesota.
SECTION 3. Provision of Annual Reports.
A. Beginning in connection with the Fiscal Year ending on December 31,
2004, the Issuer shall, or shall cause the Dissemination Agent to, as soon as available, but in any
event not later than December 31, 2005, and by December 31 of each year thereafter,provide to
each Repository an Annual Report which is consistent with the requirements of Section 4 of this
Disclosure Undertaking.
B. If the Issuer is unable to provide to the Repositories an Annual Report by
the date required in subsection A,the Issuer shall send a notice of such delay and estimated date
of delivery to each Repository ar to the MSRB and to the State Depository, if any.
C. Any filing under this Disclosure Undertaking may be made solely by
transmitting such filing to the Texas Municipal Advisory Council(the "MAC") as provided at
http://www.disclosureusa.org unless the United States Securities and Exchange Commission has
withdrawn the interpretive advice in its letter to the MAC dated September 7, 2004.
i
SECTION 4. Content and Format of Annual Reports. The Issuer's Annual Report shall
contain or incorporate by reference the financial information and operating data pertaining to the
Issuer listed below as of the end of the preceding Fiscal Year. The Annual Report may be
submitted to each Repository as a single document ar as separate documents comprising a ''r
package, and may cross-reference other information as provided in this Disclosure Undertaking.
!�„
The foliowing financial information and operating data shall be supplied;
A. An update of the type of information contained in the Official Statement
under the caption CITY PROPERTY VALUES; CITY INDEBTEDNESS; and CITY
TAX RATES, LEVIES AND COLLECTIONS;
B. Audited Financial Statements of the Issuer. The Audited Financial
Statements of the Issuer may be submitted to each Repository separately from the balance
IJ-8 I I-5
Undertaking, and may discharge any such Agent, with or without appointing a successar
Dissemination Agent. of the Annual Report. In the event Audited Financial Statements of the Issuer are not
available on or before the date for filing the Annual Report with the appropriate
SECTION 8. Amendment; Waiver. Notwithstanding any other provision of this Repositories as set forth in Section 3.A. above,unaudited financial statements shall be
Disclosure Undertaking,the Issuer may amend this Disclosure Undertaking, and any provision of provided as part of the A.nnual Report. The accounting principles pursuant to which the
this Disclosure Undertaking may be waived, if(a) a change in law or change in the ordinary financial statements will be prepared will be pursuant to generally accepted accounting
business or operation of the Issuer has occurred, (b) such amendment or waiver would not, in and principles promulgated by the Financial Accounting Standards Board, as such principles
of itself, cause the undertakings herein to violate the Rule if such amendment or waiver had been �'e modified by the governmental accounting standards promulgated by the Government
effective on the date hereof but taking into account any subsequent change in or official Accounting Standards Board, as in effect frorn time to time. If Audited Financial
interpretation of the Rule, and(c) such amendment or waiver is supported by an opinion of . Statements are not provided because they are not available on or before the date for filing
counsel expert in federal securities laws to the effect that such amendment or waiver would not the Annual Report, the Issuer shall promptly provide them to the Repositories when
materially impair the interests of Owners. •� available.
SECTION 9. Additional Information. Nothing in this Disclosure Undertaking shall be SECTION 5. Reportin�of Si�nificant Events.
deemed to prevent the Issuer from disseminating any other information, using the means of
dissemination set forth in this Disclosure Undertaking or any other means of communication or A• This Section 5 shall govern the giving of notices of the occurrence of any
� of the following events with respect to the Certificates, if materiaL•
including any other information in any Annual Report or notice of an Occurrence, in addition to
that which is required by this Disclosure Undertaking. If the Issuer chooses to include any
information in any Annual Report or notice of an Occurrence in addition to that which is �l) principal and interest payment delinquency;
specifically required by this Disclosure Undertaking, the Issuer shall have no obligation under �2) non-payment related defaults;
this Disclosure Undertaking to update such information or inciude it in any future Annual Report �3) unscheduled draws on debt service reserves reflecting financial
or notice of an Occunence. difficulties;
(4) unscheduled draws on credit enhancements reflecting financial difficulties;
SECTION 10. Default. In the event of a failure of the Issuer to provide information �5) substitution of credit or liquidity providers, or their failure to perform;
required by this Disclosure Undertaking, any Owner may take such actions as rnay be necessary �6) adverse tax opinions or events affecting the tax-exempt status of the
and appropriate, including seeking mandamus or specific performance by court order, to cause security;
the Issuer to comply with its obligations to provide information under this Disclosure ��) modifications to rights of security holders;
Undertaking. A default under this Disclosure Undertaking shall not be deemed an Event of �g) Bond calls;
Default under the Resolution, and the sole remedy under this Disclosure Undertaking in the event �9) defeasances;
of any failure of the Issuer to comply with this Disclosure Undertaking shall be an action to (10) release,substitution or sale of property securing repayment of the
compel performance. Certificates; and
(11) rating changes.
SECTION 11. Beneficiaries. This Disclosure Undertaking shall inure solely to the
benefit of the Issuer, the Participating Underwriters and Owners from time to time of the Bonds B• �"lenever an event listed in Section S.A. above has occurred, the Issuer
� shall as soon as possible determine if such event would constitute material information for
and shall create no rights in any other person or entity. Owners of Certificates. If knowledge of the Occurrence would be material the Issuer
, shall
promptly file a notice of such Occurrence with each National Repository or the MSRB and with
ECTION 12. Reserved Ri�hts. The Issuer reserves the right to discontinue providing
any information required under the Rule if a final determination should be made by a court of the State Depository, if any.
competent jurisdiction that the Rule is invalid or otherwise unlawful or, subject to the provisions +
of Section 8 hereof, to modify the undertaking under this Disclosure Undertakin if the Issuer C• The Issuer agrees to provide or cause to be provided, in a timely manner,
g ,� to each National Repository or the MSRB and to the State Depository, if any, notice of a failure
determines that such modification is required by the Rule or by a court of competent jurisdiction. by the Issuer to provide the Annual Reports described in Section 4.
SECTION 6. Termination of Reportin� Obligation. The Issuer's obligations under this
Disclosure Undertaking shall terminate upon the legal defeasance, prior redemption or payment
in full of all of the Certificates.
SECTION 7. Dissernination A�ent. The Issuer may, from time to time, appoint or
engage a Dissemination Agent to assist it in carrying out its obligations under this Disclosure
I I-4
li-9
Undertakina, and may discharge any such Agent,with or without appointing a successor of the Annual Report. In the event Audited Financial Statements of the Issuer are not
b available on or before the date for filing the Annual Report with the appropriate
Dissemination Agent.
Repositories as set forth in Section 3.A. above, unaudited financial statements shall be
rovided as art of the Annual Report. The accounting principles pursuant to which the
SECTION 8. Amendment; Waiver. Notwithstanding any other provision of this p p
Disclosure Undertaking, the Issuer may amend this Disclosure Undertaking, and any provision of financial statements will be prepared will be pursuant to generally accepted accounting
rinci les romul ated b the Financial Accounting Standards Board, as such principles
this Disclosure Undertaking may be waived, if(a) a change in law or change in the ordinary p p p � y
business or operation of the Issuer has occurred, (b) such amendment or waiver would not, in and are modified by the governmental accounting standards promulgated by the Government
of itself, cause the undertakings herein to violate the Rule if such amendment or waiver had been Accounting Standards Board, as in effect from time to time. If Audited Financial
effeetive on the date hereof but taking into account any subsequent change in or official �� Statements are not provided because they are not available on or before the date for filing
the Annual Re ort, the Issuer shall promptly provide them to the Repositories when
interpretation of the Rule, and(c) such amendment or waiver is supported by an opinion of p
counsel expert in federal securities laws to the effect that such amendment or waiver would not available.
;
materially impair the interests of Owners.
SECTION 5. Reportin�of Si�nificant Events.
SECTION 9. Additional Information. Nothing in this Disclosure Undertaking shall be A. This Section 5 shall govern the giving of notices of the occunence of any
deemed to prevent the Issuer from disseminating any other information, using the means of of the following events with respect to the Bonds, if materiaL•
dissemination set forth in this Disclosure Undertaking or any other means of communication, ar
including any other information in any Annual Report or notice of an Occurrence, in addition to (1) principal and interest payment delinquency;
that which is required by this Disclosure Undertaking. If the Issuer chooses to include any (2) non-payment related defaults;
information in any Annual Report or notice of an Occurrence in addition to that which is (3) unscheduled draws on debt service reserves reflecting financial
specifically required by this Disclosure Undertaking,the Issuer shall have no obligation under difficulties;
this Disclosure Undertaking to update such information or include it in any future Annual Report (4) unscheduled draws on credit enhancements reflecting financial difficulties;
or notice of an Occurrence. (5) substitution of credit or liquidity providers, or their failure to perform;
SECTION 10. Default. In the event of a failure of the Issuer to provide information (6) adverse tax opinions or events affecting the tax-exempt status of the
required by this Disclosure Undertaking, any Owner may take such actions as may be necessary security;
and appropriate, including seeking mandamus or specific performance by court order, to cause (7) modifications to rights of security holders;
the Issuer to comply with its obligations to provide information under this Disclosure (8) Bond calls;
Undertaking. A default under this Disclosure Undertaking shall not be deemed an Event of (9) defeasances;
Default under the Resolution, and the sole remedy under this Disclosure Undertaking in the event (10) release, substitution or sale of property securing repayment of the Bonds;
of any failure of the Issuer to comply with this Disclosure Undertaking shall be an action to and
(11) rating changes.
compel performance.
SECTION 11. Beneficiaries. This Disclosure Undertaking shall inure solely to the B. Whenever an event listed in Section S.A. above has occurred, the Issuer
benefit of the Issuer, the Participating Underwriters and Owners from time to time of the shall as soon as possible determine if such event would constitute material information for
Certificates and shall create no rights in any other person or entity. Owners of Bonds. If knowledge of the Occurrence would be material, the Issuer shall promptly
� file a notice of such Occurrence with each National Repository or the MSRB and with the State
SECTION 12. Reserved Rights. The Issuer reserves the right to discontinue providing Depository, if any.
any information required under the Rule if a final determination should be made by a court of � C. The Issuer agrees to provide or cause to be provided, in a timely manner,
competent jurisdiction that the Rule is invalid or otherwise unlawful or, subject to the provisions to each National Repository or the MSRB and to the State Depository, if any, notice of a failure
of Section 8 hereof, to modify the undertaking under this Disclosure Undertaking if the Issuer x
determines that such modification is required by the Rule or by a court of competent jurisdiction. by the Issuer to provide the Annual Reports described in Section 4.
SECTION 6. Termination of Reportin� Obli�ation. The Issuer's obligations under this
Disclosure Undertaking shall terminate upon the 1ega1 defeasance,prior redemption or payment
in full of all of the Bonds.
SECTION 7. Dissemination A�ent. The Issuer may, from time to time, appoint or
engage a Dissemination Agent to assist it in carrying out its obligations under this Disclosure
I 1-3
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"Participating Underwriter" shall mean any of the original underwriters of the Bonds Date: , 2005
required to comply with the Rule in connection with offering of the Bonds.
"Repository" shall mean each National Repository and each State Depository. CITY OF ROSEMOUNT, MINNESOTA
"Resolution" shall rnean the resolution or resolutions adopted by the Governing Body of
the Issuer providing for, and authorizing the issuance of, the Bonds. By
Its
"Rule" shall mean Rule 15c2-12(b)(5) adopted by the Securities and Exchange
Commission under the Securities Exchange Act of 1934, as the same may be arnended from time By
to time or interpreted by the Securities and Exchange Commission. Its
,�
"State" shall mean the State of Minnesota.
"State Depository" shall mean any public or private repository or entity designated by the
State as a state depository for the purpose of the Rule. As of the date of this Disclosure
Undertaking, there is no State Depository in Minnesota.
SECTION 3. Provision of Annual Reports.
A. Beginning in connection with the Fiscal Year ending on December 31,
2004, the Issuer shall, or shall cause the Dissemination Agent to, as soon as available, but in any
event not later than December 31, 2005,and by December 31 of each year thereafter,provide to
each Repository an Arulual Report which is consistent with the requirements of Section 4 of this
Disclosure Undertaking.
B. If the Issuer is unable to provide to the Repositories an Annual Report by
the date required in subsection A, the Issuer shall send a notice of such delay and estimated date
of delivery to each Repository or to the MSRB and to the State Depository, if any.
C. Any filing under this Disclosure Undertaking may be made solely by
transmitting such filing to the Texas Municipal Advisory Council (the MAC ) as provided at
http://www.disclosureusa org unless the United States Securities and Exchange Commission has
withdrawn the interpretive advice in its letter to the MAC dated September 7, 2004.
SECTION 4. Content and Format of Annual Reports. The Issuer's Annual Report shall
contain or incorporate by reference the financial information and operating data pertaining to the
Issuer listed below as of the end of the preceding Fiscal Year. The Annuai Report may be
submitted to each Repository as a single document or as separate documents comprising a =
package, and may cross-reference other information as provided in this Disclosure Undertaking.
The following financial information and operating data shall be suppiied: j
A. an update of the type of information contained in the Official Statement
under the caption CITY PROPERTY VALUES; CITY INDEBTEDNESS; and CITY
TAX RATES, LEVIES AND COLLECTIONS;
B. Audited Financial Statements of the Issuer. The Audited Financial
Statements of the Issuer may be submitted to each Repository separately from the balance
I I-2
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APPENDIX II
EXHIBIT A CONTINUING DISCLOSURE UNDERTAKINGS
List of Nationally Recognized Municipal
Securities Information Repositories This Continuing Disclosure Undertaking (the "Disclosure Undertaking") is executed and
delivered by the City of Rosemount, Minnesota(the "Issuer"), in connection with the issuance of
$2,630,000 General Obligation Capital Improvement Plan Bonds, Series 2005A (the "Bonds").
Bloomberg Municipal Repository The Bonds are being issued pursuant to a Resolution adopted May 24, 2005 (the "Resolution").
100 Business Park Drive
Skillman,NJ 08558 Pursuant to the Resolution and this Undertaking, the Issuer covenants and agrees as follows:
Phone: 609-279-3225 SECTION l. Purpose of the Disclosure Undertakin�. This Disclosure Undertaking is
Fax: 609-279-5962 being executed and delivered by the Issuer for the benefit of the Owners and in order to assist the
Email: Munis(a�Bloomber .g;com ' Participating Underwriters in complying with SEC Rule 15c2-12(b)(5).
http://www.bloomber�.com/markets/rates/municontacts.html
SECTION 2. Definitions. In addition to the definitions set forth in the Resolution,which �
DPC Data Inc. apply to any capitalized term used in this Disclosure Undertaking unless otherwise defined in this
One Executive Drive Section, the following capitalized terms shall have the following meanings:
Fort Lee,NJ 07024
Phone: 201-346-0701 "Annual Report" shall mean any annual financial information provided by the Issuer
Fax: 201-947-0107 pursuant to, and as described in, Sections 3 and 4 of this Disclosure Undertaking.
Email: nrmsir(a�dpcdata.com
http://www.dpcdata.com "Audited Financial Statements" shall mean the financial statements of the Issuer audited
annually by an independent certified public accounting firm, prepared pursuant to generally
FT Interactive Data accepted accounting principles promulgated by the Financial Accounting Standards Board,
Attn: NRMSIR modified by governmental accounting standards promulgated by the Government Accounting
100 William Street Standards Board.
New York,NY 10038
Phone: 212-771-6999 "Dissemination Agent" shall mean such party from time to time designated in writing by
Fax: 212-771-7390 (Secondary Market Information) the Issuer to act as information dissemination agent and which has filed with the Issuer a written
Fax: 212-771-7391 (Primary Market Information) acceptance of such designation.
Email: NRMSIRnu,FTID.com
http://www.interactivedata.com "Fiscal Year" shall be the fiscal year of the Issuer.
Standard &Poor's Securities Evaluations, Inc. "Governing Body" shall, with respect to the Bonds,have the meaning given that term in
55 Water Street Minnesota Statutes, Section 475.51, Subdivisian 9.
45th Floor "MSRB" shall mean the Municipal Securities Rulemaking Board.
New York,NY 10041
Phone: 212-438-4595 "National Repository" shall mean any Nationally Recognized Municipal Securities
Fax: 212-438-3975 � Information Repository for purposes of the Rule. The National Repositories as of the date of
Email. NRMSIR repositorvCa�sandp.com execution of this Undertaking are as listed on Exhibit A.
www.�jkennv.com/iikenn�nser descrip data rep.html
I "Occurrence(s)" shall mean any of the events listed in Section S.A. of this Disclosure
Undertaking.
"Official Statement" shall be the Official Statement dated , 2005,
prepared in connection with the Bonds.
* This list is current as of the date of issuance of the Certificates.
"Owners" shall mean the registered holders and, if not the same, the beneficial owners of
any Bonds.
i1-12 II-1
thereon is subject to the exercise of judicial discretion in accordance with general principles of SUMMARY OF TAX LEVIES P APPENDIX III
equity, to the constitutional powers of the United States of America and to bankruptcy, AYMENT PROVISIONS, AND
insolvency, reorganization, moratorium and other similar laws affecting creditors'rights MINNESOTA REAL PROPERTY VALUATION
(effective through payable 2005 with 2003 Legislative changes incorporated)
heretofare or hereafter enacted.
Foliowing is a summary of certain statutory provisions effective through payable 2005 relative to
(3) At the time of the issuance and delivery of the Certificates to the original tax levy procedures, tax payment and credit rocedures a
purchaser, the interest on the Certificates is excluded from gross income for United States P , nd the mechanics of real property
valuation. The summary does not purport to be inciusive of all such provisions or of the specific
income ta�c purposes and is excluded, to the same extent, from both gross income and taxable net provisions discussed, and is quaiified by reference to the complete text of applicable statutes,
income for State of Minnesota income tax purposes (other than Minnesota franchise taxes _, rules and regulations of the State of Minnesota.
measured by income and imposed on corporations and financial institutions and is not an item
�� Chapter 21, Laws of Minnesota Special Session 2003-1 was pas s e d b y t h e 2 0 0 3 M i n n e s o t a
of tax preference for purposes of the federal alternative minim u m t a x i m p o s e d o n i n d i v i d u a l s a n d
L e g i s l a t u r e a n d si gne d b y t he Govern o r o n J u n e 8, 2 0 0 3. T h e e n a c t m e n t o f t h i s l e g i s la tion
co r pora tions or t he M i n n e s o t a a l t e rn a t i v e m i n i m u m t a x a p p l i c a b le to in divi dua ls, estates or �`
cause d c hanges for payable years 2003 and thereafter. T h e s e c h a ng es are incorporated in the
trusts; it should b e n o t e d, h o w ever, t ha t for t he purpose of computing the federal alternative following discussions.
minimum tax imposed on corporations, such interest is taken into account in determining
adjusted current earnings. The opinions set forth in the preceding sentence are subject to the
condition that the Issuer comply with all requirements of the Internal Revenue Code of 1986, as Property Valuations (Chapter 273, Minnesota Statutes)
amended, that must be satisfied subsequent to the issuance of the Certificates in order that
Assessor's Estimated Market Value. Each parcel of real property subject to taxation must, by
interest thereon be, or continue to be, excluded from gross income for federal income tax statute, be a
purposes and from both gross income and taxable net income for State of Minnesota income tax Ppraised at least once every five years as of January 2 of the year of appraisaL
With certain exceptions, all property is valued at its market value, which is the value the
purposes. Failure to comply with certain of such requirements may cause the inclusion of assessor determines to be the price the property to be fairly worth, and whieh is referred to as
interest on the Certificates in gross income and taxable net income retroactive to the date of the "Estimated Market Value."
issuance of the Certifcates. Limitation of Market Value Increases. Minn. Stat. Sec. 27
, 3.11, Subdivision 1a, was amended
in 2001 to provide for a full phase-out of Limited Market Value, arriving at 100% of the
We express no opinion regarding other state or federal tax consequences caused by the assessor's estimated market value in the 2007 assessment year. For assessment year 2005,
receipt or accrual of interest on the Certificates or arising with respect to ownership of the the amount of the increase shall not exceed the greater of(1) 15% of the value in the preceding
Certificates. assessment, or (2) 33°/a of the difference between the current assessment and the preceding
assessment. For assessment year 2006, the amount of the increase shall not exceed the
Dated at Saint Paul, Minnesota, this day of June, 2005. greater of (1) 15% of the value in the preceding assessment, or (2) 50°/a of the difference
between the current assessment and the preceding assessment.
Taxable Market Value. The Taxable Market Value is the value that property taxes are based
on, after all reductions, limitations, exemptions and deferrals. It is also the value used to
calculate a municipality's legal debt limit.
Professional Association Indicated Market Value. The Indicated Market Value is determined by dividing the Taxable
Market Value of a given year by the same year's sales ratio determined by the State
Department of Revenue. The Indicated Market Value serves to eliminate disparities between
individual assessars and equalizeproperty values statewide.
� Net Tax Capacitv. The Net Tax Capacity is the value upon which net taxes are levied,
� extended and coHected. The Net Tax Capacity is computed by applying the class rate
percentages specific to each type of property classification against the Taxable Market Value.
, Class rate percentages vary depending on the type of property as shown on the last page of
this Appendix. The formufas and class rates for converting Taxable Market Value to Net Tax
Capacity represent a basic element of the State's property tax relief system and are subject to
annual revisions by the State Legislature.
Property taxes are determined by multiplying the Net Tax Capacity by the tax capacity rate,
expressed as a percentage.
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2200 FIRST NATTONAL BANK BUILDING
Property Tax Payments and Delinquencies 332 MIrnv�soTas�rxEET
(Chapters 275, 276, 277, 279-282 and 549, Minnesota Statutes)
SAINT PAUL,MINNESOTA 55101
Ad valorem property taxes levied by local governments in Minnesota are extended and �r..EPxorrE(bsi)sos-6600
collected by the various counties within the State. Each taxing jurisdiction is required to certify $RI GGS AND MORGAN FACSIMILE (651)808-6450
the annual tax levy to the county auditor within five (5) working days after December 20 of the
year preceding the collection year. A listing of property taxes due is prepared by the county PROFEssiorrai.AssoaATTorr wwvv.s�uGGs.coM
auditor and turned over to the county treasurer on or before the first business day in March.
The county treasurer is responsible for collecting all property taxes within the county. Real ,.
estate and personal property tax statements are mailed out by March 31. One-half (1/2) of the
taxes on real property is due on or before May 15. The remainder is due on or before
October 15. Real property taxes not paid by their due date are assessed a penalty that, ; $1,535,000
depending on the type of property, increases from 2% to 4% on the day after the due date. In GENERAL OBLIGATION EQUIPMENT CERTIFICATES OF INDEBTEDNESS,
the case of the first installment of real property taxes due May 15, the penalty increases to 4% SERIES 2005B
or 8% on June 1. Thereafter, an additional 1% penalty shall accrue each month through CITY OF ROSEMOUNT
October 1 of the collection year for unpaid real property taxes. In the case of the second DAKOTA COUNTY
installment of real property taxes due October 15, the penalty increases to 6% or 8% on
November 1 and increases again to 8% or 12% on December 1. Personal property taxes MINNESOTA
remaining unpaid on May 16 are deemed to be delinquent and a penalty of 8% attaches to the
unpaid tax. However, personal property that is owned by a tax-exempt entity, but is treated as
taxable by virtue of a lease agreement, is subject to the same delinquent property tax penalties
as real property. We have acted as bond counsel in connection with the issuance by the City of
On the first business day of January of the year following collection all delinquencies are
Rosemount, Dakota County, Minnesota(the "Issuer"), of its $1,535,000 General Obligation
subject to an additional 2% penalty, and those delinquencies outstanding as of February 15 are Equipment Certificates of Indebtedness, Series 2005B,bearing a date of original issue of June
filed for a tax lien judgment with the district court. By March 20 the clerk of court fifes a 15, 2005 (the "Certificates"). We have examined the law and such certified proceedings and
publication of legal action and a mailing of notice of action to delinquent parties. Those other documents as we deem necessary to render this opinion.
property interests not responding to this notice have judgment entered for the amount of the
delinquency and associated penalties. The amount of the judgment is subject to a variable We have not been engaged or undertaken to review the accuracy, completeness or
interest determined annually by the Department of Revenue, and equal to the adjusted prime sufficienc of the Official Statement or other offering material relating to the Certificates, and we
rate charged by banks, but in no event is the rate less than 10% or more than 14%. express no opinion relating thereta
Property owners subject to a tax lien judgment generally have five years (5) in the case of all
property located outside of cities or in the case of residential homestead, agricultural As to questions of fact material to our opinion,we have relied upon the certified
homestead and seasonal residential recreational property located within cities or three (3) years proceedings and other certifications of public officials furnished to us without undertaking to
with respect to other types of property to redeem the property. After expiration of the verify the same by independent investigation.
redemption period, unredeemed properties are declared tax forfeit with title held in trust by the
State of Minnesota for the respective taxing districts. 'The county auditor, or equivalent thereof, Based u on such examinations, and assuming the authenticity of all documents submitted
then sells those properties not claimed for a public purpose at auction. The net proceeds of the p
sale are first dedicated to the satisfaction of outstanding special assessments on the parcel, to us as originals, the conformity to original documents of all documents submitted to us as
with any remaining balance in most cases being divided on the following basis: county - 40%; certified or photostatic copies and the authenticity of the originals of such documents, and the
town or city- 20%; and school district-40%. accuracy of the statements of fact contained in such documents, and based upon present
� Minnesota and federal laws (which excludes any pending legislation which may have a
rt Tax Credits Cha ter 273, Minnesota Statutes) retroactive effect on or before the date hereo fl, regulations, rulings and decisions, it is our
Prope y � p , opmion that:
In addition to adjusting the taxable value for various property types, primary elements of
Minnesota's ro ert tax relief s stem are: ro ert tax lev reduction aids; the circuit breaker 1 The roceedin s show lawful authority for the issuance of the Certificates
P p Y Y p P Y Y � ) P g
credit, which relates property taxes to income and provides relief on a sliding income scale; and accordin�to their terms under the Constitution and laws of the State of Minnesota now in force.
targeted tax relief, which is aimed primarily at easing the effect of significant tax increases. The
circuit breaker credit and targeted credits are reimbursed to the taxpayer upon application by (2) The Certificates are valid and binding general obligations of the Issuer and all of
the taxpayer. Property tax levy reduction aid includes educational aids,local govemmental aid, the taxable ro ert within the Issuer's urisdiction is subject to the levy of an ad valorem tax to
equalization aid, homestead and agricultural credit aid (HACA) and disparity reduction aid. p p y �
H A C A h a s b e e n r e p e a l e d f o r c i t i e s, s c h o o l d i stricts, and townshi ps and applies only to counties. pay the same without limitation as to rate or amount;provided that the enforceability(but not the
validity) of the Certificates and the pledge of taxes for t he paymen t o f t he princip a l a n d i n t e r e s t
I-3
III-2
(2) The Bonds are valid and binding general obligations of the Issuer and all of the Debt Limitations
taxable property within the Issuer's jurisdiction is subject to the levy of an ad valorem tax to pay All Minnesota municipalities (counties, cities, towns and school districts) are subject to statutory
the same without limitation as to rate or amount; provided that the enforceability(but not the "net debt" limitations under the provisions of Minnesota Statutes, Section 475.53. Net debt is
validity) of the Bonds and the pledge of taxes for the payment of the principal and interest defined as the amount remaining after deducting from gross debt the amount of current
thereon is subject to the exercise of judicial discretion in accordance with general principles of revenues that are applicable within the current fiscal year to the payment of any debt and the
equity, to the constitutional powers of the United States of America and to bankruptcy, aggregate of the principal of the following:
insolvency, reorganization, moratorium and other similar laws affecting creditors'rights 1. Obligations issued for improvements that are payable wholly or partially from the
heretofore or hereafter enacted. proceeds of special assessments levied upon benefited property.
(3) At the time of the issuance and delivery of the Bonds to the original purchaser, the 2• Warrants or orders having no definite or fixed maturity.
interest on the Bonds is excluded from gross income for United States income tax purposes and 3. Obligations payable wholly from the income from revenue producing conveniences.
is excluded, to the same extent, from both gross income and taxable net income for State of �
4. Obligations issued to create or maintain a permanent improvement revolving fund.
Minnesota income tax purposes (other than Minnesota franchise taxes measured by income and 5. Obligations issued for the acquisition and betterment of public waterworks systems,
imposed on corporations and financial institutions), and is not an item of tax preference for and public lighting, heating or power systems, and any combination thereof, or for any
purposes of the federal alternative minimum tax imposed on individuals and corporations or the other public convenience from which revenue is or may be derived.
Minnesota alternative minimum tax applicable to individuals, estates or trusts; it should be noted, 6. Certain debt service loans and capital loans made to school districts.
however, that for the purpose of computing the federal alternative minimum tax imposed on
corporations, such interest is taken into account in determining adjusted current earnings. The 7. Certain obligations to repay loans.
opinions set forth in the preceding sentence are subject to the condition that the Issuer comply 8. Obligations specifically excluded under the provisions of law authorizing their
with all requirements of the Tnternal Revenue Code of 1986, as amended, that must be satisfied issuance.
subsequent to the issuance of the Bonds in order that interest thereon be, or continue to be, 9. Certain obligations to pay pension fund liabilities.
excluded from gross income for federal income tax purposes and from both gross income and 10. Debt service funds for the payment of principal and interest on obligations other than
taxable net income for State of Minnesota income tax purposes. Failure to comply with certain those described above.
of such requirements may cause the inclusion of interest on the Bonds in gross income and
taxable net income retroactive to the date of issuance of the Bonds.
Levies for General Obligation Debt
We express no opinion regarding other state or federal tax consequences caused by the (Sections 475.61 and 475.74, Minnesota Statutes)
receipt or accrual of interest on the Bonds or arising with respect to ownership of the Bonds. Any municipality that issues general obligation debt must, at the time of issuance, certify levies
to the county auditor of the county(ies) within which the municipafity is situated. Such levies
Dated at Saint Paul, Minnesota, this day of June, 2005. shall be in an amount that if collected in full will, together with estimates of other revenues
pledged for payment of the obligations, produce at least five percent in excess of the amount
needed to pay principal and interest when due. Notwithstanding any other limitations upon the
ability of a taxing unit to levy taxes, its abifity to levy taxes for a deficiency in prior levies for
payment of general obligation indebtedness is without limitation as to rate or amount
Professional Association Metropotitan Revenue Distribution (Chapter 473F, Minnesota Statutes)
"Fiseal Disparities Law"
The Charles R. Weaver Metropolitan Revenue Distribution Act, more commonly known as
"Fiscal Disparities," was first implemented for taxes payable in 1975. Forty percent of the
: increase in commercial-industrial (including public utility and railroad) net tax capacity vaivation
since 1971 in each assessment district in the Minneapolis/St. Paul seven-county metropolitan
area (Anoka, Carver, Dakota, excluding the City of Northfield, Hennepin, Ramsey, Scott,
excluding the City of New Prague, and Washington Counties) is contributed to an area-wide tax
base. A distribution index, based on the factors of population and real property market value
per capita, is employed in determining what proportion of the net tax capacity value in the area-
wide tax base shall be distributed back to each assessment district.
I-2 I l t-3
APPENDIX I
STATUTORY FORMULAE: CONVERSION OF ESTIMATED MARKET VALUE (EM� TO PROPOSED FORMS OF LEGAL OPINION
NET TAX CAPACITY FOR MAJOR PROPERTY CLASSIFICATIONS
2001 Property Tax Amendments ZZoo FrxsT rrA�noN�..B�vx svt�irrG
332 MINNESOTASTREET
The Omnibus Tax Bill adopted by the Minnesota Legislature during the First Special Session in sfurrrnAvi.,MIr�soTA 5sioi
2001 (the "Tax BiIP') made numerous changes to the property tax system. Among ItS TELEPHONE(651)808-6600
provisions, the Tax Bill provided for the assumption by the State of Minnesota of the general $RI GGS AN D M ORGAN FACSIMILE(651)808-6450
education property tax levy and certain transit costs; increased the appropriation for Local
Government Aids by $140,000,000; re-imposed levy limits for two years on counties and cities '� PROFESSIONALASSOQATION WWW.BRIGGS.COM
over 2,500 in population; repealed the Homestead and Agricultural Credit Aid for cities, school
districts and townships; provided for the gradual elimination of Limited Market Valuation; and
compressed the class rates applicable to various classes of property. `
Local Tax Local Tax Local Tax Local Tax Local Tax
Payable Payable Payable Payable Payable
Property Type 2001 2002 2003 2004 2005 $2,630,000
Residential Homestead GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS,
Up to$76,000 1.000% 1.000% 1.000% 1.000% �.000% SERIES 2005A
$76,000-$500,000 1.650% 1.000% 1.000% 1.000%� �.000%' CITY OF ROSEMOLJNT
Over$500,000 1.650% 1.250%0 1.250% 1.250%� 1.250%' DAK�TA COUNTY
Residential Non-homestead MINNESOTA
Single Unit
Up to$76,000 1.200% 1.000% 1.000% 1.000% 1.000%
$76,000-$500,000 1.650% 1.000% 1.000% 1.000% 1.000%
Over$500,000 1.650% 1.250% 1.250% 1.250% 1.250%
2-3 unit and undeveloped land 1.650% 1.500% 1.250°/aZ 1.250°IZ �.25o°�Z We have acted as bond counsel in connection with the issuance by the City of
Market Rate Apartments ROsemount DakOta COurit Minnesota the "Issuer" of its $2 630 000 General Obli ation
Regular 2.400% 1.800%3 1.500%3 1250%3 1.250%3 ' Y' � �' ' ' g
Small City 2.150°�0 1.800%3 1.500%3 1.250%3 �.250%3 Capital Irnprovement Plan Bonds, Series 2005A,bearing a date of original issue of June 15, 2005
Low-Income 1.000% 0.900%4 1.000%4 -- -- (the "Bonds"). We have examined the law and such certified proceedings and other documents
commerciau�ndustriat�Pubiic utiiity as we deem necessary to render this opinion.
Up to$150,000 2.400% 1.500% 1.500% 1.500% 1.500%
Over$150,00o s.400°�0 2.000°�0 2.000% 2.000°�0 2.000% We have not been engaged or undertaken to review the accuracy completeness or
Electric Generation Machinery 3.400% 2.000% 2.000% 2.000% 2.000% '
sufficiency of the Official Statement or other offering material relating to the Bonds, and we
Seasonal Recreational Commercial
Homestead Resorts (1 c)
express no opinion relating thereto.
Up to$500,000 1.000%0 1.000% 1.000% 1.000% 1.000%
over$soo,000 �.000°�0 1.250% 1.250% 1250% �.25o°�a As to questions oi fact material to our opinion, we have relied upon the certified
seasona�Resorts(4c) proceedings and other certifications of public officials furnished to us without undertaking to
Up to$500,000 1.650% 1.000% 1.000% 1.000% 1.000%
Over$500,000 1.650% 1.250% 1.250% 1.250% �.250% verify the same by independent investigation.
Seasonal Recreational Residential
Up to$76,000 1.200% 1.000%5 �.000%5 �.o0o°�a5 - �.000%5 Based upon such examinations, and assuming the authenticity of all documents submitted
$�6,000-$500,000 1.650% 1.000%5 1.000%5 1.000%5 �.000%5 . to us as originals, the conformity to original documents of all documents submitted to us as
Over$500>000 �.s5o% �.250°�5 �z5o%5 �.250°�5 �z5o%5 certified or photostatic capies and the authenticity of the originals of such documents, and the
Disabled Momestead 0.450% 0.450% 0.450% 0.450% 0.450% , accuracy of the statements of fact contained in such documents,and based upon present
agricuiturai �and&Bui�d�ngs � Minnesota and federal laws (which excludes any pending legislation which may have a
Homestead retroactive effect on or before the date hereo fl regulations rulings and decisions it is our
Up to$115,000 0.350% 0.550°!os 0.550%5 0.550%5 0.550%s ' ' '
$115,000-$600,000 0.800% 0.550%5 0.550°/5 0.550%5 0.550%s opinion that:
Over$600,000 1.200% 1.000%5 1.000%5 1.000%5 1.000%5
Non-homestead 1.200% 1.000%5 1.000%5 �.000°�05 �.o00°�05 (1) The proceedings show lawful authority for the issuance of the Bonds according to
'Effective 2002 there are two classes of residenfial property,up to$500,000 and greater than$500,000. their terms under the Constitution and laws of the State of Minnesota now in force.
z Rate reduced to 1.25%in pay 2Q03 and thereafter.
3 Rate reduced to 1.5%in pay 2003 and 1.25%in pay2004 and thereafter.
4 Rate increased to 1%in pay 2003, classification abotished thereafter.
5 Exernpf from referendum market va/ue tax.
111-4 I-1
APPENDIX IV
Current General Fund Budget EXCERPT OF 2003 ANNUAL FINANCIAL STATEMENTS
2004 2004 2005 The City's financial statements are audited annually by an independent certified public
Adoqted Budqet Estimated* Adapted Budqet accounting firm in conformance with generally accepted accounting principles. Selected
General Fund Revenues: audited financial statements for the fiscal year ending December 31, 2003 are presented here.
Governmentaf funds and expendable trust funds are accounted for using the modified accrual
General Property Taxes $4,839,469 $4,884,614 $5,083,300 basis of accounting. Proprietary funds are accounted for using the accrual basis of accounting.
Intergovernmental 456,889 470,978 484,000 The reader should be aware that the complete financial statements may contain additional data
Licenses and Permits 618,400 1,295,164 750,200 relating to the information presented here, which may interpret, explain or modify it.
Fines and ForFeits 90,000 96,902 90,000
Charges for Services 1,085,200 1,222,213 1,229,900 The Governmental Accounting Standards Board (GASB) issued Statement 34, Basic F�nancial
Miscellaneous Revenues 233,500 361,300 253,700 y Statements for State and Local Governments in June 1999. The statement establishes a new
Investment Income 82,442 141,909 101,500 financial reporting model for state and local governments and is a significant change in public-
Transfers in 3,500 11,677 3,500 sector accounting. GASB developed the new requirements to make annual reports more
comprehensive and easier to understand and use. The new requirements include government-
Total General Fund Revenues $7,409,400 $8,484,757 $7,996,100 wide financial statements prepared on the full accrual basis that are in addition to, not instead
of, the traditional Fund-Based statements; and an expanded Budget Comparison that includes
General Fund Expenditures the adopted budget, final budget, and actual revenues and expenditures. The City's 2003
financial statements are prepared in conformance with GASB principles.
General Government $1,885,600 $2,102,842 $2,161,700
Public Safety 2,272,500 2,233,232 2,430,500 The City's comprehensive annual financial report for the year ended 2003 was awarded the
Public Works 2,302,500 2,169,602 2,389,200 Certificate of Achievement for Excellence in Financial Reporting by the Government Finance
Parks and Recreation 948,800 980,841 1,014,700 Officers Association of the United States and Canada (GFOAj. The Certificate of Achievement
Transfer 0ut -0- 590,000 -0- is the highest form of recognition for excellence in state and local government financial
reporting.
Total General Fund Expenditures $7,409,400 $8,076,517 $7,996,100
In order to be awarded a Certificate of Achievement, a government unit must publish an easily
* Audited 2004 numbers are not yet avaNable. readable and effiCiently organized comprehensive annual financial report (CAFR), whose
contents conform to program standards. Such CAFR must satisfy both generally accepted
Action taken by the 2003 Minnesota Legislature provided for total reductions in City Aid accounting principles and applicable legal requirements.
(formerly titled Local Government Aid and Market Value Homestead Credit) of $142,000,000 in
collection year2003 and $170,000,000 in collection year 2004. The effect of these changes to A Certificate of Achievement is valid for a period of one year only. The City has reeeived this
the City of Rosemount was a reduction in aid of approximately $752,472 in each 2003 and recognition annually since 1996 and expects to submit its 2004 CAFR to GFOA.
2004. Minnesota law allowed the City to levy for 60% of the losf aid during the levy cycle
payable in 2004.
For 2005, the Market Value Homestead Credit (MVHC) was supposed to be put back in place.
At this time, the Governor's budget proposal, as well as most proposals coming forth from the
Legislature, include further reductions in MVHC. For the City, the reduction would be
approximately $350,000. The level of aid reductions does not pose a significant problem to#he
City and in the opinion of management will not affect ongoing operations.
- 22 - IV-1
' � _
Growth and development of the City is guided by a Comprehensive Land Use Plan which was
VIrCh(�W V•,•au$e commissioned soon after the consolidation of the former Village and Town of Rosemount in
&�v 1971. The Plan outlines long-range zoning and development policy of the City, and is designed
COt11p31'1�/ to encourage and promote orderly development and growth which will perpetuate a sound tax
base. The last major update of this Plan was completed in 1999 and covers the next 25-year
� period.
INDEPENDENT AUDITORS' REPORT
Services
To The Honorable Mayor and Members of the Ci#y Council
City of Rosemount, nninnesota . Police protection for the City is provided by 19 full-time officers, and four other police personneL
Fire protection is provided by 37 trained volunteers. The City has a class 5 insurance rating.
We have audited the accompanying financial statements of the governmentat activities, the business-type r
activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information The City completed an expansion of its public works facility in 1999. The expansion was funded
of the City of Rosemount, Minnesota, as of and for the year ended December 31, 2003, which co�tective�y comprise by a 20-year internally funded lease-purchase agreement, effective January 20, 1999, in the
the City's basic financial statements as listed in the table of contents. These financial statements are the amount of$548,000.
responsibility of the City of RosemounYs management. Our responsibility is to express opinions on these financial
statements based on our audit. MunlClpal water, sanitary sewer and storm water services are provided to virtually all of the
developed areas of the City. The municipat water service is provided by six wells with three water
We conducted our audit in aecordance with auditing standards generally aecepted in the United States of America. toWel'S having a tOtal Stot'age C,apaCity Of 2,000,000 gallons. The maximum pumping capacity is
Those standards require that we plan and perfarm the audit to obtain reasonable assurance about whether the 6,000,000 gallons per day with an average demand of 2,007,841 gallons pumped daily.
financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit also includes assessing the It is the City's policy to finance all of its Jateral sanitary sewer and water improvements by
accounting principles used and significant estimates made by management, as well as evaluating the overan special assessments filed against benefited property; however, there is a provision for deferred
financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. assessmentS, in which case it may be necessary to provide some tax support. Core facilities
are intended to be financed from water and sewer connection charges, but these too may
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective require some tax support in the event sufficient connections do not occur in a timely manner.
financiat position of the governmental activities, the business-type activities, the discretely presented component To date, tax support has not been necessary.
unit, each major fund, and the aggregate remaining fund information of the City of Rosemount, Minnesota, as of
December 31, 2003, and the respective changes in financial position and cash flows, where applicable, thereof for The City finances the construction and iong-term maintenance of its storm water core facilities
the year then ended in conformity with accounting principles generally accepted in the United States of America. tht'ough the Opet'atiOtl Of a storm water utility. Each property in the City pays a quarterly
"stormwater user fee" and an initial connection charge to support the program.
As described in Note 1, the City has implemented a new financial reporting model, as required by the provisions of
GASB Statement No. 34, Basic Financiaf Statements - and ManagemenYs Discussion and Analysis - for State a�d Interceptor sewer lines and wastewater treatment plants in the seven-county metropolitan area,
Local Governments, as of January 1, 2003. of which the City is a part, are under the jurisdiction of the Metropolitan Council Environmental
Services ("MCES"). MCES finances its operations through user charges based on usage. The
The managemenYs discussion and analysis on pages 2 through 10 and the budgetary comparison schedules on City is responsible for the construction and maintenance of sewer laterals.
pages 59 through 61 are not required parts of the basic financial statements, but is supplementary information
required by the Governmental Accounting Standards Board. We have applied certain limited procedures, which
consisted principally of inquiries of management regarding the methods of ineasuremeM and presentation of the EmplOyee PensiOns
required supplementary information. However, we did not audit the information and express no opinion on it.
All full-time and certain part-time employees of the City of Rosemount are covered by defined
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise benefit pension plans administered by the Public Employees Retirement Association of
the City of Rosemount's basic financial statements. The introductory section, combining and individual fund � Minnesota (PERA). PERA administers the Public Employees Retirement Fund (PERF) and the
statements and schedules, and statis#ical tabfes, as listed in the table of contents, are presented for purposes of Public Employees Police and Fire Fund (PEPFF) whiCh are cost-sharing multiple-employer
additional analysis and are not a required part of the basic financial statements. The combining and individual fund , public employees retirement plans. PERF members belong to either the Coordinated Plan or
statements and schedules have been subjected to the auditing procedures applied in the audit of the basic " the Basic Plan. Coordinated members are covered by Social Security and Basic members are
financial statements and, in our opinion, are fairly stated in all material respects in reiation to the basic finar�cia� not. All employees of the City covered by PERA belong to the Coordinated Plan. AI1 police
statements taken as a whole. The introductory section and statistical tables have not been subjected to the officers, fire fighters and peace officers who qualify for membership by statute are covered by
auditing procedures applied in the audit of the basic financial statements and, accordingly, we express no opinion the PEPFF. For the year ended December 31, 2004 (unaud'tted), the City's contribution to
on them.
PERA was $284,713.
.
�
'�' 1..1.�
Minneapolis, Minnesota , �
March 12, 2004
IV-2 - 21 -
Industrial valuations increased by $2 million in 2004, primarily due to upgrades to the Flint Hills
refinery. The new construction will meet recent air emission standards and increase production GITY OF ROSEMOUNT
at the plant.
STATEMENT OF NETASSETS
Financial Institutions
December 31,2003
Full service banking is provided by the First State Bank of Rosemount and Rosemount National
Bank, located in the City. As of December 31, 2004, the two banks reported deposits of Primary�o�emment
$54,234,000 and $46,371,000, respectively. Branches of TCF Bank and Vermillion State Bank � Business-
are also loCated in the City. Govemmental Type Component
Activities Activities Total Unit
Source: Federal Deposit Insurance Corporation website. ASSETS
.
Cash and investments $ 18,466,865 $ 16,077,477 $ 34,544,342 $ 3,242,389
Education Receivables(net of aflowance for uncollectibles)
Taxes 531,873 - 531,873 -
The major portion of the City is part of Independent School District 196, headquartered in Delinquent taxes 106,839 - 106,839 -
Rosemount. The District's enrollment for the 2004/05 school year was approximately 28,367 . Accounts 57,342 675,234 732,57s -
students in grades kindergarten through twelve. The District is one of the fastest growing school �oans - - - 618,431
districts in the State, and one of the largest employers in the City with approximately 4,000 full- Special assessments 4,800,479 4$9,500 5,28s,s7s �75,782
time and part-time employees District-wide. The physical plant of the District consists of 18 Due from other govemmenta�units �0,433 45,63� ss,osa -
elementary schools, six middle schools, and four senior high schools. Of these schools, two Intemal balances (249,111) 249,�11 - -
elementary schools, one junior high, and one senior high are located in the City of Rosemount. Prepaid items 95,626 63,641 15s,267 450
Capital assets:
Small portions of the City are located in Independent School District 199 (Inver Grove-Pine Land 2,5�2,484 962,205 3,534,689 a4o,o41
Bend) and Independent School District 200 (Hastings). Construct;on in progress 6,185,960 7,839,063 14,025,023 -
Land improvements 936,547 - 936,547 -
The Dakota County Technica( College is also located in the City. The Technical College, Buildings s,910,906 6,076,878 15,987,784 -
located on a 96-acre site, opened in 1973. The Technical College has an enrollment of Machinery and equipment 6,719,836 1,595,518 8,395,354 18,620
approximately 2,000 post-secondary students. In addition, the Technical College offers an Infrastructure 20,617,774 83,776,763 104,394,537 -
extensive adult education program. Less: accumulated depreciation (11,135,016) (30,330,737) {41,465,753) (6,252)
Total Assets 59,628,837 87,520,284 147,149,121 4,489,461
GOVERNMENTAL ORGANIZATION AND SERVIGES �
LIABILITIES
Accounts payable 1,095,917 196,593 1,292,510 140,795
Organization Accrued payroll and payroll taxes 95,111 - 95,111 -
Other accrued liabilities and deposits 292,731 148,488 441,219 141,491
Rosemount was established as a municipal corporation in 1858, and became a statutory City in Noncur�ent Iiabilities:
1974. The City has a Mayor-Council form of government, with the four Council members being Due within one year 2,626,063 600,000 3,226,063 560,000
elected to overlapping four-year terms of office. The present City Council is listed below. Due in more than one year 14,405,763 6,523,406 20,929,169 7,150,000
Expiration of Term Total Liabilities 18,515,585 7,468,487 25,984,072 7,992,286
,
William H. Droste Mayor December 31, 2006 � NET ASSETS
Mark DeBettignies Council Member December 31, 2006
Kimberly Shoe-Corrigan Council Member December 31, 2006 , Invested in capital assets, net of related debt 19,273,447 62,897,357 82,170,804 -
Michael Baxter Council Member December 31, 2008 � Restricted - 7,531,705 7,531,705 -
Phillip Sterner Council Member December 31, 2008 Unrestricted 21,839,805 9,622,735 31,462,540 �3,502,825)
The City's chief administrative officer is the City Administrator, who is appointed by and serves Tota�NetAssets $ 41,113,252 $ 80,051,797 $ 121,165,049 $ (3,502,825)
at the discretion of the City Council. Mr. James D. Verbrugge was appointed to the position of
City Administrator in March 2003. Prior to that, Mr. Verbrugge served as Assistant City
Administrator in Eagan, Minnesota since 1998. Mr. Jeffrey A. May, who has served in the City's
Finance Department since 1985, was appointed as the City's Finance Director in March of
1991.
See accompanying notes to financial sta#ements.
- 20 - IV-3
� � � � � � � � a N � � � o o �o �n
�
° " � � a ' � � � � °' W Recent and Proposed Development
. C .. . . . N C P�I � Q1 {D iD � � O � . . . � .
. p C . � oY N O � C tD �n � . . . . . . .
. � _. � ^ � � � � �� � � � �
� '" Residential activity in the City continued to grow in 2004, with a 25°/a increase over the prior
� � year in permits issued for new dwefling units. Of the 551 permits issued, 56% of the new
� � � �, � � N � � � � o N � � � � < � �� o � � N �, construction was for single family detached housing. Planning approvals by the City have
P tD� O � < fD f� �N �D O C � N �- N �W u') N �N W Pl �t .
l7.CD �i1 O N �_ c0 < 1p t0 N V: N f0 O h aD�Of f� � t9 i0 'P O .
a v � N � � � a o � � o N � � . � o �; � N �; � . created an inventory of land that should generate more than 500�housing starts annually for the
_ � � � � � � � � � � W W � � � � � � n � � � � � �' nextfew ears.
�c cr, n .- m vco �n � a ma � aov r n c
� � � v � �; .. � �, � � � r � • y
mQ � �
> ..
� z .. � � From 2000 through 2004, an average of almost $72 million in new construction value was
m C M � � � � � � � Pf h � O O � � � � � �V� � N.N N N A . .
� m e a � � N � o o �, o � � � N � added per year. During this same period, the City added over 1,910 single-family homes to its
� ` '' " � � � N � P � � � ^ � ^ ~ housing stock (an average of 382 homes per year).
x W a ~ m � co rn � c c O1rn = n � � r�i �n
w ,� o y �� v, w r� � � . . c� v_ r N N o
U C9 m :. � .- ri c�i v� ui a o 0
Z " a n m Some of the larger housing projects currently being developed or recently completed are as
� m �, �, ,
a f0110Ws
m : a� m m m c�l � , � a e� .- �n � v eo � r� u�. a �n r t�
� n � m o o� a v �n a oa o u� c� N N �o m vi
l7 m � O N V a0 � W tD O N W .- �- �- �-.O aD e7 N �
m d v r� c� v n o o c�i �c c�i ti ' ai �i m m o v vi VIIItS Units Built as
rn m .- v m n o� w co m �n n rn w n m a' a
� •� oni. � m � .- aocv .- � v v rn a� �
o Q � �° `� "� " �' " � � e Development/Developer Housinq Approved of 4-14-05
�
H N
� Bard's Crossing/Wensmann Multi-Family 110 55
� � , . � �, � � N o m �. m Biscayne Pointe North/Giles Property Single Family 22 22
� � � � � � � s � < � m �
a � � � � � " " "' � " " Connemara Crossing/
� W �= W °' � � m ° ` Basic Builders, Inc. Multi-Family 44 -0-
N '� l0
� � �, �, �, ; s � m m Evermoor 3rd Addition/CPDC Single Family 30 21
� ; m �o �n � m � m a o � o m . n �
" 2 " = � Evermoor Crosscroft 2"d Addition/
m d �
� � � � � � � � � � � � W CPDC Single Family 23 23
(D C V C � CD O m CD (D N W. tA N� � V
ZW j �C � � ' N 1n � O e- . N P'f y ay C � N a � .
� ~ � � .a " _ � � � � � �� � ' ° 0 y � � W . E CPDC r Innisfree 2"d Addition/
` 0 •` ' Single Family 3 3
W a N � � � " � � � � W � °° m W � Evermoor Roundstone/CPDC Townhomes 119 52
tn O i� a rn vs vi .m m � E o E m m o � a a
� Z � N m � � ' ' � � m � � m � � = X X � ° W� � � � � _ � " � Glendalough 4ih Addi#ion/Lundgren Brothers Single Family 19 19
" �' " °' " � ' ` `' `� � c y� Glendalough 5"'Addition/Lundgren Brothers Single Family 35 35
,L � � 6 o m o = m m c
O � m e o ri vi v �c n o ao a �o w > •"' « X E a :g c ^m a�i m � "' °D
W Q O V a�D � � l7 l�7 t0 a�0 ttl M N i�0_� N � r C � j U ` N a C � OD � � Z '� .
� Q � m � N N � � � � � � o o L �m ;° y � � � o � Z � Harmony/CPDC Multi-Family 178 21
� Meadows of Bloomfield 3 Addition/
V �q r t q � m a a 0 m w > > m 'p W �' E �d
U
�, vs vs c� r 5 a � C9 � f-
� Centex Homes Single Family 118 -0-
" W " � � °° ` "' " °' � °' " °' � Meadows of Bloomfield Phase 2/
t7 N tA � < � N i0 1� � f`� fD N �� h 01 � � �
. y aD Q t") Q} {O 'C t� l7 N R fD O �R) N !/) . . .
°' " � � °' " ^ � " °' °' � " Centex Homes Single Family 20 19
� H .h t{7 Qf h t0 W e') � 1n t0 � �'p
m �' � � � � � � � � � � � � Meadows of Bloomfield/Centex Homes Single Family/Townhomes 220 166
. .- N t7��- � O M ^ e-
W Rosewood Village 2"d Addition/
"' �' " Progress Land Co. Single Family 56 55
The City Council approved a revitalization plan for the historic downtown and selected an initial
., development team in 2004. A tax increment financing district was created in 2004 to permit
alternative financing sources for portions of the redevelopment process, if needed. The first
project construction is expected to begin in spring 2006. Also planned for the district is a
residential development (Harmony Addition) including 600 single and multi-family units on the
redeveloped site of the Brockway glass factory, which closed in the mid-1980s.
�
� - The City also negotiated the purchase of land from the Church of St. Joseph at the edge of
0 ° downtown. The property will serve as the site of a branch of the Dakota County Library.
�
'� � m m
m o � �� Q � In 2004, construction began on a 48,000 square-foot retail development. The retail center will
m = � m r W m T � include a 15,000 square-foot groeery store and a 6,400 square-foot restaurant site. The City
� � � � o � � � �� � m Council also approved a Comprehensive Guide Plan amendment that alJotted 32 acres of
W � W W " : R m > � developable commercial land at County Road 42 and Business Parkway. An Applebee's
� � � �,N � r Y � � � �07 m C C1 C .r�'. � . .
a ; m �� o m � � � T � m � � �o restaurant was constructed at County Road 42 and Cimarron Avenue.
m � E m m 3 m Z � �' � � E m �
g 2' m � � � � � °' o c `m d E � o �n a �
'� � > m o 0 9 0 °= F- q 10 3 g` d �'
LL a � C9aa c.� c) 5 m 3v� rn ¢ � � a°
(V-4 - 19 -
�
CITY OF ROSEMOUNT
Major Employers BALANCE SH�ET-GOVERNMENTAL FUNDS
Appt'OXlmate December 31,2003
Number
Emplover Product/Service of Emplovees otner Totai
Governmental Govemmental
Independent School District 196 Education 4,OOO�a� Generai Debt Service Capital Project Funds Funds
Flint Hills Resources Crude Oil 742 ass�s
Intermediate School District 917 Education 360 cash and investments $ 4,621,037 $ 7,000,521 $ 3,327,796 $ 2,964,793 $ 17,914,147
Dakota County Technical College Education 250
Receivables:
Genz Ryan Plumbing & Heating Plumbing and Heating 200 � � Taxes s3�,g�3 - - - 53�,s73
Cannon Equipment Company Manufacturing of Metal Parts 160 Accounts 37,666 - - 18,018 55,ss4
Spectro Alloys Corp. Aluminum Alloys 125 � _
Greif Brothers Corporation Multiwall Bags 100 speciai assessments so,oss 4,s�7,o5a - ss,355 4,soo,a7s
Endres Processing Ltd. Livestock Feed g5 ' Delinquent special assessments 883 100,087 _ 5,869 106,839
City of Rosemount Government 76(b) Due from other govemmental units 10,433 10,433
Astro Plastics Plastics Manufacturing 60 Prepaid items 2�.979 2�,979
Dakota County HRA Government 60 Totai assets $ 5,289,937 $ 11,777,666 $ 3,327,796 $ 3,052,035 $ 23,447,434
Aquila, Inc. Natural Gas 40 LIABIUTIES AND FUND BALANCES
Continental Nitrogen & Resources Corp. Chemicals 37
CF Industries, Inc. (Cenex) Warehousing/Freight Terminal 35 �iabi�ities:
Rayfo Inc. Industrial Refuse Containers 35 Accounts payabie $ 22s,sa� $ - � 4os,sas $ 36,s2o � s��,74�
Accrued payroll and payroll taxes 95,111 - - - 95,111
�a� Represents tofal employment, not just within the City of Rosemount. Deposits payable 31,225 - - - 31,225
�b� Excludes over 960 part-fime and seasonal employees. Contracts payable - - 411,432 - 411,432
Deferred revenue 224,069 4,214,483 69,069 4,507,621
Advances from other funds 249,111 249,111
Source: Telephone survey of individual employers, May 2005. 576,790 4,214,483 820,268 354,700 5,966,241
Total iiabilities
Labor Force Data Fund ba►ances .
Reserved for:
March 2005 March 2004 Prepaid items 27,979 27,979
Civilian Unemployment Civilian Unemployment Debt service - 7,563,183 - - 7,563,183
Labor Force Rate Labor Force Rate Encumbrances �4�,339 - - 1,128,712 1,276,051
Dakota County 229,734 4.2% 226,024 4.7%o Unreserved and designated,reported in:
Minneapolis/St. Paul MSA 1,841,047 4.5 1,815,995 52 Generalfund 4,525,008 - - - 4,525,008
Minnesota 2,952,747 5.0 2,926,418 5.7 Capital projects - - 2,5o�,52s - 2,5o7,s2s
Special projects _ _ - 1.666,889 1,666,889
Source: Minnesota Department of Employment and Economic Development. 2005 dafa are preliminary. Unreserved and undesignated(Deficit), reported in:
General fund 12,821 - " - - 12,821
Building Permits Issued by the City specia�revenue funds - - - {s8,266) (9s,2ss)
Total fund balances 4,713,147 7,563,183 2,507,528 2,697,335 17,481,193
Total Permits New Sinqle Familv Homes 'rotai iiabiiities and tvnd baiances $ 5,289,937 $ 11,777,666 $ 3,327,796 $ 3,052,035
Number Value Number Value
20Q5 (to 3-31) 160 $ 25,608,019 101 $ 22,124,877 `• Amounts reported for govemmental activities in the statement of net assets are different because:
2004 1,158 126,348,047 551 110,674,682 Capital assets used in govemmentat funds are not financial resources and,therefore,are not reported in the funds. 35,808,491
2003 1,128 96,872,709 440 87,119,479
2002 1,398 82,398,820 330 61,571,739 ' Some receivables that are not currently available are reported as defeRed revenue in the fund financial
2001 1,009 82,897,167 304 60,458,504 statements but are recognized as revenue when eamed in the government-wide statements. 4,507,621
2000 862 52,125,217 285 39,074,424
1999 1,021 50,950,727 357 40,780,200 Internal service funds are reported in the statement of net assets as govemmental funds 609,279
1998 739 31,939,355 190 21,856,164 Some liabilities,including long-term debt,are not due and payable in the current period and,therefore,are not
1997 601 24,173,652 99 10,942,651 reported in the funds.See Note II.A. (17,293,332)
1996 655 28,440,950 130 13,941,688
NE7 ASSETS OF GOVERNMENTA�ACTIVITIES $41,113,252
SPP ar.�maanvina notes to�nancial statements.
- 18 - IV
i
The City attempts to diversify its investments according to type and maturity. The portfolio, as
CITY OF ROSEMOUNT � much as possible, contains both short-term and long-term investments. The long-term portion
of the portfolio, meaning longer than five years, may not exceed 35% of the total funds in the
STATEMENT OF REVENUES, EXPENDITURES portfolio. This is done to reduce overall market risk of rates changing.
AND CHANGES IN FUND BALANCES-GOVERNMENTAL FUNDS
For the Year Ended December 31,2003 As of March 31, 2005 the City had a total of$35,287,807 invested funds as folJows:
Amount Invested
Other Total Tvpe of Securitv Lenqth of Investment as of 3-31-05
Govemmental Govemmental
General Debt Setvice Capital Project Funds Funds � Money Market Savings N/A $ 500,000
REVENUES Certificates of Deposit Less than 12 months 20,998,681
Taxes $ 5,061,078 $ 266,011 $ - $ 905,100 $ 6,232,189 r Certificates of Deposit One to ten years 960,000
Intergovernmental 214,236 84,580 1,349,460 2,380 1,650,656 Certificates of Deposit Over ten years 672,000
Public charges for services 1,084,183 - - 294,737 1,378,920 Government Asset Backed Securities Ten years or less 11,086,448
Licenses and permits 915,589 - - - 915,589 Government Asset Backed Securities Over ten years 1,070,678
Fines and forfeitures 89,752 - - - 89,752
Special assessments 23,738 1,518,341 - 15,307 1,557,386 Total $35,287,807
Investment income and miscellaneous 192,696 203,781 7,387,785 33,701 7,817,963
Total Revenues 7,581,272 2,072,713 8,737,245 1,251,225 19,642,455
EXPENDITURES GENERAL INFORMATION CONCERNING THE CITY
Current:
General govemment 1,597,819 - - 7,500 1,605,319
Public safety 2,085,001 - - 6,443 2,091,444 The City of Rosemount, located in northern Dakota County, is a southern suburb of the
Publicworks 1,987,960 - - 67,429 2,055,389 Minneapolis/Saint Paul metropolitan area. The City encompasses an area of 22,560 acres and
Parks and recreation 907,100 - - - 907,100 has a 2000 U.S. Census count of 14,619, a 69.6% increase from the City's 1990 Census count
Conservation and development - - - 297 29� of 8,622. The City estimates its 2004 population to be 19,907, a 36% increase over the 2000
Other - 21,050 - - 21,050 U.S. Census.
Capital outlay - - 5,780,912 1,575,668 7,356,580
Debt service: A major contributor to the City's tax base and economy is an industrial complex sited on 6,200
Principal retirement - 10,085,000 - 180,948 10,265,948
Interest and fiscal charges - 1,074,005 63,018 1,137,023 acres in the northeastern portion of the City near the Mississippi River. Firms Iocated there
Total Expenditures 6,577,880 11,180,055 5,780,912 1,901,303 25,440,150 include Flint Hills Resources/Koch Petroleum Group, CF Industries, Continental Nitrogen,
Endres Processing and Spectro Alloys. Mid-American Pipeline Company transports gas from
southern states and operates a bottling station at Pine Bend. Minnesota Pipeline Company
Excess(deficiency)of revenues transports Canadian and North Dakota crude oil to the Flint Hills refinery at Pine Bend.
over(under)expenditures 1,003,392 (9,107,342) 2,956,333 (650,078) (5,797,695)
OTHER FINANCING SOURCES(USES) Flint Hills is a leading producer of petroleum products in Minnesota converting 290,000 barrels
Issuance of long-term debt - 50,499 1,$94,501 - 1,945,000 of crude oil into gasoline each day. This Rosemount company employs 742 full-time workers.
Capital leases - - - �4,257 74,257 The Universit of Minnesota's Rosemount Research Center is located on a 7,500 acre tract of
Sale of capital assets 2,435 - - 35,078 37,513 Y
Transfers in 3,500 469,970 921,524 1;056,987 2,451,981 land ofi which approximately 3,200 acres are situated in fihe City. This facility is utiiized by the
Transfers out (1,422,836) - (6,340,337) (164,933) (7,928,106) University, other research agencies, and private �rms for agriCultural and other research
Total Other Financing Sources(Uses) (1,416,901) 520,469 (3,524,312) 1,001,389 (3,419,355) .° projects.
Net Change in Fund Balance (413,509) (8,586,873) (567,979) 351,311 (9,217,050) , .
FUND BALANCES- Beginning 5,126,656 16,150,056 3,075,508 2,346,024 26,698,244
FUND BALANCES-ENDING $ 4,713,147 $ 7,563,183 $ 2,507,529 $ 2,697,335 $ 17,481,194
See accompanying notes to financial statemen�s.
IV-6 - 17 -
CITY OF ROSEMOUNT
FUNDS ON HAND RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES
As of March 31, 2005 AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES `
Fund Cash and investments For the Year Ended December 31,2003
General $ 4,581,937
Special Revenue 4,21$,488 Net change in fund balances-total governmental funds $ (9,217,050)
Port Authority 1$3,274
Debt Service: Amounts reported for governmental activities in the statement of activities
Tax Supported 155,490 are different because:
Assessment Supported 4,215,832
Port Authority Supported 2,018,502 , Governmental funds report capital outlays as expenditures. However, in the
General Obligation Revenue Supported 1,405,365 statement of net assets the cost of these assets is capitalized and they are
Construction 3,613,370 depreciated over their estimated useful lives with depreciation expense reported
Water, Sewer and Storm Water 16,313,811 in the statement of activities.
Arena 69,468 Capital outlay is reported as an expenditure in the fund financial statements
Total $36,775,537 but is capitalized in the government-wide financial statements 7,356,580
Less: Some items reported as capital outlay but not capitalized (1,143,642)
Depreciation is reported in the government-wide statements (1,146,269)
Capital asset disposals (269,670)
CITY INVESTMENTS
Internal service funds are reported in the statement of activities (11,390)
City funds are invested in accordance with Minnesota Statutes, Section 118A and the Gity's
investment policy which is more restrictive than State statutes. The City investment portFolio is Receivables not currently available are reported as deferred revenue in the fund financial
managed in a manner to attain a market rate of retum while preserving and protecting the capital statements but are recognized as revenue when earned in the govemment-wide
of the overall portfolio. The Finance Director or the City Administrator is responsible for investing financial statements. 266,445
all funds, including making investment decisions on a daily basis and monitoring the portfolia
Debt and lease proceeds provide current financial resources to governmental funds,
Pursuant to the City's investment policy the City is authorized to invest in the following: but issuing these obligations increases long-term liabilities in the statement of net
assets. Repayment of principal is an expenditure in the govemmental funds, but the
1. Governmental Securities: Instruments such as bonds, notes, bills, mortgages and other repayment reduces long-term liabilities in the statement of net assets.This is the amount
securities which are direct obligations of the federal government or its agencies, with the by which payments($10,085,000 G.O. debt and $167,943 capital leases)exceeded
principal fully guaranteed by the U.S. government or its agencies. The City will not proceeds ($1,945,000 G.O. debt and$74,257 capital leases). 8,233,686
invest in any mortgage or mortgage-related security unless a return of principal is
completely guaranteed by a federal entity. Some expenses in the statement of activities do not require the use of
2. Certificate of Deposit. current financial resourees and, therefore, are not reported as expenditures
in the govemmental funds.
3. Repurchase Agreement. Compensated absences (58,355)
Accrued interest on debt 178,530
4. Reverse Repurchase Agreement. `.
5. Prime Commerciai Paper. CHANGE IN NET ASSETS OF GOVERNMENTAL ACTNITIES $ 4,188,865
6. Any security which is a general obligation of the State of Minnesota or any of its
municipalities.
7. Bankers acceptances of United States banks eligible for purchase by the Federal
Reserve System.
Collateralization is required on two types of investments, certificates of deposit and repurchase
agreements. In order to anticipate market changes and provide a level of security for all funds,
the collateralization level is 110 percent of the market value of principal and accrued interest.
See accompanying notes to financiat statements.
- 16 -
IV-7
CITY TAX RATES, LEVIES AND CO�LECTFONS
CITY OF ROSEMOUNT
STATEMENT OF NET ASSETS-PROPRIETARY FUNDS T8X C8p8City Rat@S
December 31,2003
2004/05
� Business-Type Activities-Enterprise Funds FOf
Govemmentai 2000/01 2001/02 2002/03 2003/04 Total Debt Onlv
Storm Nonmajor Activities- Dakota Count �a1 25.320% 33.102% 32.463% 30.300°l0 28.267% -0-
Water Sewer Water Arena Total Insurance Fund � y
assETs City of Rosemount�b) 36.553 59.546 57.123 52.368 46.041 6.951%
Currentassets: ISD 196��� 53.249 28.883 27.638 26.074 26.251 13.312
Cash and investrnents $ 5,958,473 $ 5,027,707 $ 5,064,846 $ 26,451 $ �6,077,477 $ 552,718 , Special Districts�d� 6.378 5.021 5.563 5.128 5.216 1.742
Gustomer accounts receivable 254,684 277,595 142,955 - 675,234 1,"658
Special assessments receivable 5o,sa� 328,875 109,984 - 489,500 - Total 121.500% 126.552% 122.787% 113.870% 105.775% 22.005%
Due from other governments - - - 45,631 45,631 -
Prepaid items 7,050 50,366 2,8as 3;377 63,s41 67,6a7 (a) Dakota County also has a 2004/05 tax rafe of 0.00666% spread on the market value of property in
Total current assets 6,270,848 5,684,543 5,320,633 75,459 17,351,483 622,023
support of debt service.
Non-current assets: �b� The Cify a/so has a 2004/05 tax rate of 0.00972%spread on the market value of property in support of
Advance to other funds - 352,908 - - 352,908 - debt service on general obligation fire station bonds.
Property and equipment:
Land 498,042 - 464,�63 - 962,205 - ��1 Independent Schoo! District 196 (Rosemount-Apple Valley-Eagan) a/so has a 2004/05 tax rate of
Buildings 2,574,394 240,164 862,420 2,399,900 6,076,878 - 0.10862%spread on the market value of property in support of an excess operating levy.
Mains and lines 6,935,343 4,507,285 7,073,840 - 18,516,468 -
Other improvements 15,72s,5�8 36,9s3,749 �2,550,028 - 65,260,295 - �°'� Special districts include Metropolitan Council, Regional Transif District, Mosquifo Contro% Dakota
Machinery and equipment 933,615 424,325 142,980 94,598 1,595,518 - County Communrty Development Authority, Dakota Counfy Light Rail and Vermillion River Watershed
Construction in progress 3,111,504 1,178,564 3,548,995 - 7,839,063 - DiStriCt.
Less accumulated depreciation (6,977,293) (19,656,228) (3,217,834) (479,382) (30,330,737) -
Net property and equipment 22,802,123 23,677,859 21,424,592 2,015,116 69,919,690 - NOTE: Taxes are determined by multiplying the nef tax capacity by the tax capacity rate, expressed as
Total non-current assets 22,802,123 24,030,767 21,424,592 2,015,116 70,272,598 - a percentage(see Appendix lll).
Total Assets 29,072,971 29,715,310 26,745,225 2,090,575 87,624,081 622,023
Tax Collections for the City
LIABIUTIES
current i�ab�t�t�es Net Collected During Collected
Accounts payable 73,804 16,362 14,960 5,766 110,892 12,�as Amount Collection Year As of 3-31-05
Contracts payable 85,�0� - - - as,7o� - Levv/Collect of Levv' Amount Percent Amount Percent
Accrued liabilities 8,574 6,969 2,775 4,083 22,401 -
Accrued interest 45,046 81,041 - 126,087
Gunent portion of long term debt 260,000 - 340,000 - 600,000 - 2004/05 $7,746,600 (In Process of Collection)
Total current liabilities 473>�25 23,331 438,T/6 9,849 945,08� �2.745 2003/04 7,032,501 $6,952,283 98.9% $6,976,259 99.2%
Noncurrentliabi�ities: 2002/03 6,469,801 6,384,169 95.7 6,452,770 99.7
Accrued compensated absences 37,680 37,s8o �3,109 12,so4 �0�,073 _ 2001/02 5,730,975 5,675,507 99.0 5,722,467 99.9
General obtigation debt 2,375,28� - 4,047,052 - 6,422,333 - 2000/01 4,716,935 4,658,485 98.8 4,713,779 99.9
Advances from other funds 103,797 - - 103,797 -
Total noncurrent liabilities 2,5�6,758 37,680 4,060,�6� �2,soa 6,627,203 - The net levy excludes state aid for property fax relief and frscal disparifies, if applicable. The net levy
Total Liabilities 2,989,883 61,011 4,498,937 22,453 7,572,284 12,745 ` is the basis for computing tax capacity rates.
NET ASSETS
Invested in capital assets,net of related debt 20,166,842 23,677,859 17,037,540 2,015,116 62,897,357 -
Restricted for debt service 2,655,000 456,7Q5 4,420,000 - 7,531,705 -
Unrestricted 3,261,246 5,519,735 788,748 53,006 9,622,�35 609,278
TOTAL NET ASSETS $ 26,083,088 $ 29,654,299 $ 22,246,288 $ 2,068,122 $ 80,051,797 $ 609,278
See accompanying notes to financial statements.
IV-8 - 15 -
Summary of Direct Debt including These Issues
CITY OF ROSEMOUNT
Gross Less: Debt Net
�ebt SetVIC@ FUtIdS* Dif@Ct Debt STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND
N�T ASSETS-PROPRIETARY FUNDS
For the Year Ended December 31,2003
G.O. Debt Supported by Taxes $5,930,000 $ (155,490) $5,774,510
G.O. Debt Supported by Speciat
Assessments 9,025,000 4,215,832 4,809,168 Business-Type Activities-Enterprise Funds
� � Governmental
G.O. Port Authority Debt 6,570,000 (2,018,502) 4,551,498 storm Non major Activities-
G.O. Debt Supported by Revenues 5,740,000 (1,405,365) 4,334,635 � water sewer water Arena 7otaF InsuranceFund
* OPERATING REVENUES
Debt service funds are as of March 31, 2005 and include money to pay bofh principal and interest. Cha�yes for services $ �,o�o,2so $ �,iss,7sa �$ sos,3n $ 3os,461 $ 3,��7,ss2 $ -
i Watermeters 136,115 - - - 136,115 -
Miscellaneous 131,141 5.578 - 136,719 30,748
Indirect General Obligation Debt Totai operat��9 Revenues �,277,516 1,195,342 609,377 308,461 3,390,696 30,748
OPERATING EXPENSES
Debt Applicable to PersonneiseN�ces zas,soo 2a�,�ss _ �ss,s�s �as,658 824,aos -
2004 Taxable G.O. Debt Tax Capacitv in Citv suppres 2oa,691 9,161 4,350 19,873 238,075 1,096
Taxing Unit�al Net Tax Capacity As of 4-2-05��1 P@PC@ftt At'T10UCTt Professional services and charges 133,803 32,347 56,708 13,1U5 235,963 28,999
Otherservices and charges 144,944 26,406 91,355 126,198 388,903 231,019
Metro sewer charges - 510,640 - - 510,640 -
Dakota County $ 372,381,645 $ 83,795,000 4.8% $ 4,022,160 �epreciation 4ao,2ao s5�,a3s 2ss,555 53,�ss �,•�aa,o2� -
ISD 196 (ROSemOUt�t- Total Operating Expenses 1,17Q578 '1,477,158 634,647 359,630 3,642,013 261,114
AppleValley-Eagan) 140,066,496 141,207,964��� 12.1 17,086,164 Operatingmcome(�oss) �os,s38 (2s�,8�s) (25,2�0) (5�,�69) (25�.3�7) (23o,3ss)
ISD 199 (Inver
Grove-Pine Bend) 24,624,172 7,255,000 4.5 326,475 NONOPeRanN�ReveNues(ExPENses�
ISD 200 (Hastings) 25,075,067 44,890,000 0.1 44,890 connection fees �,�52,316 s33,o�a sss,5sa - 2,ss3,s4a -
Metropolitan Council 2,680,905,320 35,750,OOO�d� 0.7 250,250 TaXes - - - - - 2�0,000
Metropolitan Transit Dist. 2,304,847,503 179,545,000 0.8 1,436,360 Specia�assessments �s,7s5 414,512 148,�ss _ s4�,4s3 _
Intergovemmental 1,570 930 2,500
Investment'rncome 120,948 182,420 t13,881 486 417,735 8,975
TOta� $23,166,299 Net decrease in the fair value of investmeM (26,403) (63,070) (28,411) - (117,884) -
Loss from disposal of fixed assets (1,252) (352) - - (1,604) -
�a� Only those units with debt outstanding are shown here. surcnar�es and penaities �ss,313 9,345 2,183 _ 207,8a1 _
Interest expense and fiscal agent fees (97.785) (5,419) (204,852) (308,056)
�b� Exc/udes debt supported by revenues and tax and aid anticipation debt. 7ota�tvonoperating Revenues i,424,472 1,171,440 929,541 486 3,525,939 218,975
��� Includes $16,840,000 of annual appropriation lease revenue debt. income poss)betore contributions
�d� Does not include outstanding general obligation debt supported by sewer revenues, 911 user fees or
and transfers 1,531,410 889,624 904,271 (50,683} 3,274,622 (11,391)
housing rental payments. Includes certificates of participation. Capitai contributions 32,352 110,947 580,826 39,900 76a,025 -
Operating transfers in 3,219,616 1,154,502 2,722,520 - 7,096,638 -
Operating transfers oot (1.457.258) (77.095) (71,702) (14,458) (1,620,513) -
Debt Ratios Including These Issues cnar,9e in NetAssets s,326,120 2,077,978 4,135,915 (25,241) 9,514,772 (11,391)
G.�. N@t G.O. If1dIP2Ct$c TOTAL NETASSETS-Beginning 22,756,968 27,576,321 18,110,373 2,093,363 70,537,025 620,669
Direct Debt* NG't DIf2Ct D@bt TOTALNETASSETS-ENDING $26,083,088 $29,654,299 $22,246.288 $2,068,122 $80,051,797 $ 609,278
To 2004 Indicated Market Value ($1,868,158,953) 0.81% 2.05°/a
Per Capita (19,907 - 2004 City Estimate) $760 $1,924
,
* Excludes general obligation debt supported by revenues, state-aid street bonds and lease-purchase
agreemenfs.
See ac:.ompanying notes to financial statements.
- 14 -
IV-9
CITY OF ROSEMOUNT
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
For the Year Ended December 31,2003
Business-type Activities-Enterprise Funds
Governmental
' Activities-
Water Sewer Storm Non major Totals Internal
Uti►ity Utility Water Arena 2003 Service Funds
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers $ 2,616,365 $ 2,058,659 $ 1,554,935 $ 277,119 $ 6,507,078 $ 239,091
Cash paid to suppliers for goods and services (479,103) (594,525) (330,735) (179,957) (1,584,320) (244,126)
Gash paid to employees for services (203,677) (203,940) - (121,959) (529,576) (15,564)
Net Cash Flows From Operating Activities 1,933,585 1,260,194 1,224,200 (24,797) 4,393,182 (20,599)
CASH FLOWS FROM NONGAPITAL FINANCING ACTIVITIES
Transfers from other funds - - - (14,458) (14,458) -
Net Cash Flows From Noncapital Financing Activities - - - (14,458) (44,458)
CASH FLOWS FROM INVESTING ACTIVITIES
� InvestmeM income 94,545 119,350 85,470 486 299,851 8,975
,1 Net Cash Flows From Investing Activities 94,545 119,350 85,470 486 299,851 . 8,975
0
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Proceeds from debt issued 1,170,000 - - - 1,170,000 -
Debt issuance costs (11,700) - - - (11,700) -
Debt retired (245,000) - (370,000) - (615,000) -
Capital advances from other funds (4,581) 15,577 - 10,996
Interest paid - (85,382) (5,419) (209,632) - (300,433) -
Capital contributions 24,163 (80,673) 563,999 - 507,489. -
Acquisition and construction of capitat assets (2,221,532) (485,451) (719,736) - (3,426,719) -
Net Cash Flows From Capital and
Related Fi�ancing Activities (1,374,032) (555,966) (735,369) - (2,665,367) -
Net Increase(Decrease)in Cash
and Cash Equivalents 654,098 823,575 574,301 (38,769) 2,013,208 (11,624)
CASH AND CASH EQUIVALENTS-Beginning of Year $ 5,304,375 $ 4,204,129 $ 4,490,545 $ 65,220 14,064,269 � 564,342
CASH AND CASH EQUIVALENTS-END OF YEAR $ 5,958,473 $ 5,027,707 $ 5,064,846 $ 26,451 $ 16,077,477 $ 552,718
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Business-type Activities-Enterprise Funds '
Governmental
Activities-
Water Sewer Storm Non major Totals Internal
Utility Utility Water Arena 2003 Service Funds
RECONCIUATION OF OPERATING INCOME TO NET
CASH FLOWS FROM OPERATING ACTIVITIES
Operating income(loss) $ 106,938 $ (281,816) $ (25,270) $ (51,169) $ (251,317) (230,366)
Non-operating income 1,427,713 1,057,509 1,048,923 - - 210,000
Adjustments to Reconcite Operating Income to
Net Cash Flows From Operating Activities
Noncash items included in income
Depreciation 440,240 651,436 298,555 53,796 1,444,027 -
Change ih assets and liabilities
Accountsreceivable (48,374) (59,262) (12,162) - (119,798). (1,658)
Due from other governments - - - (31,343) (31,343) -
Prepayments (3,402) (4,228) (136) (1,290) (9,056) 1,973
Accounts payable 29,064 9,737 7,228 1,059 47,088 (548)
� Deposits (40,490) (134,930) (91,203) - (266,623)
� Accrued liabilities 21,896 21,748 (1,735) 4,150 46,059 -
NET CASH FLOWS FROM
OPERATING ACTIVITIES $ 1,933,585 $ 1,260,194 $ 1,� 224,200 $ (24,797) $ 4,393,182 $ (20,599)
Non-cash capital,investing&ffnancing activities:
The Water Utility received contributed plant of$1,762,358 during the year,.The Sewer Utility received contributed piant of$1,077,407 during the year.
The Storm Water Utitity received contributed plant of$2,650,818 during the year.
See accompanying notes to financiai statementa
+
General Obligation Debt Supported Primarily by Special Assessments
CITY OF ROSEMOUNT
� Principai
NETASSETS Date Original Final Outstanding
COMPONENT UNIT- PORT AUTHORITY of Issue Amount Purpose Maturity As of 4-2-05
December 31, 2003 4-1-98 $2,010,000 Local Improvements 2=1-2009 $ 755,000
7-1-99 3,715,000 Locallmprovements 2-1-2011 1,515,000
10-1-99 4,395,000 Locallmprovements 2-1-2011 1,940,000
Total 8-15-01 1,325,000 Locallmprovements 2-1-2012 970,000
Governmental - 7-1-02 3,395,000 Local tmprovements 2-1-2013 2,110,000
Activities 7-1-03 1,945,000 Local tmprovements 2-1-2014 1,735,000
ASSETS
Cash and investments $ 3,242,389 ' Total
Receivables $9,025,000
Loans 618,431
Special assessments 175,782 General Obligation Port Authority Debt
Prepaid items 450
Capital assets Principal
Land - 44p,p41 Date Original Final Outstanding
Machinery and equipment 18,620 of Issue Amount Purpose Maturity As of 4-2-05
Less accumulated depreciation (6,252)
Total Assets $ 4,489,461 4-1-98 $2,405,000 Municipal Building Refunding 2-1-2018 $2,145,OOO�a1
9-1-00 1,750,000 Business Park Infrastructure
Improvements 2-1-2011 1,170,OOO�b�
LIABILITIES 8-15-01 2,045,000 City Hall 2-1-2022 1,875,000���
Accounts payable $ 140,795 7-1-02 1,795,000 Highway 3 Enhancement 2-1-2013 1,380,OOO�d�
Other accrued liabilites and deposits 141,491
Noncurrent liabilities
Due within one year 560,000 Total $6,570,000
Due in more than one year 7,150,000 �a� Debt service payments on this issue are made from a combination of certain special tax and genera!
Total Liabilities $ 7,gg2,2gg fund/evies.
�b� This issue is being repaid from ad valorem tax levies.
NET ASSETS (�) This issue is being repaid from ad valorem faxes levied by the Cify.
Unrestricted $ (3,502,825) (dJ This issue is being repaid from a combination of tax levies, special assessments, and storm water
Total Net Assets $ (3,502,825)
utility revenues.
General Obligation Debt Supported by Revenues
Principal
Date Original Final Outstanding
. of Issue Amount Purqose Maturitv As of 4-2-05
7-1-96 $1,035,000 Storm Water Revenue 2-1-2012 $ 575,000
•' 10-1-99 855,000 Storm Water Revenue 2-1-2015 640,000
� 9-1-00 1,160,000 Water Revenue 2-1-2016 950,000
8-15-01 1,140,000 Storm Water Revenue 2-1-2017 980,000
12-1-01 805,000 Storm Water Revenue Refunding 2-1-2008 425,000
7-1-02 1,195,000 Water and Storm Water Revenue 2-1-2018 1,105,000
7-1-03 1,170,000 Water Revenue 2-1-2014 1,065,000
Total $5,740,000
Sse accompanying no�es to financial s#atements.
IV-12
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CITY OF ROSEMOUNT '
STATEMENT OF ACTIVITIES
COMPONENT UNiT-PORT AUTHORITY
December 31, 2003
Net(Expense) Revenue
and Changes in Net
Assets Primary
Program Revenues Govemment
Operating Capital
Charges for Grants and Grants and Governmental
FunctionslPrograms Expenses Services Contributions Contributions Activities
Primary government:
Governmental activities:
Generai govemment $ 13,354 $ - $ - $ - $ (13,354)
Conservation and economic development 969,840 22,489 - 816 {946,535)
Interest and fiscal charges 361,065 - - - (361,065)
Total Governmental Activities 1,344,259 22,489 - 816 (1,320,954)
� Total primary government $ 1,344,259 $ 22,489 $ - $ 816 (1,320,954)
�
w
General revenues: .
Taxes
Property taxes, levied for general purposes 249,72�
Property taxes, levied for debt service 1,038,531
Intergovernmental revenues not restricted to
specific programs 14,402
Investment income 90,386
Miscellaneous 68,000
Total general revenues, special items, and transfers 1,461,040
Change in net assets 140,086
Net assets-beginning (3,642,911)
Net Assets-Ending $ (3,502,825)
See accompanying notes to financiai statements.
CITY PROPERTY VALUES
CITY OF ROSEMOUNT
INDEX TO NOTES TO FINANCIAL STATEMENTS 2004 Indicated Market Value of Taxable Property: $1,868,158,953*
December 31, 2003 ' As of 2004, the indicated market value is calculated by dividing the City's 2004 taxable market value
of$9,606,616,700 by the 2003 sa/es ratio of 86.0% for the City as provided by the State Department
of Revenue. (2004 sa/es ratios are nof yet available.) Prior to 2004, indicated market value was
NOTE Pacte calculated using the esfimated markef value, which is no longer available.
L Summary of Significant Accounting Policies 23 -
A. Reporting Entity 23
B. Government-Wide and Fund Financial Statements 24 2004 Taxable Net Tax Capacity: $18,028,538
C. Measurement Focus, Basis of Accounting, '
and Financial Statement Presentation 27 2004 Net Tax Capacity $18,281,576
D. Assets, Liabilities, and Net Assets or Equity 29 Less: Captured Tax Increment Tax Capacity (299,465)
1. Deposits and Investments 2g Contribution to Fiscal Disparities {1,489,653)
2. Receivables 30 Plus: Distribution from Fiscal Disparities 4,536.080
3. Inventories and Prepaid Items 31
4. Restricted Assets 3� 2004 Taxable Net Tax Capacity $18,028,538
5. Capitat Assets 31
6. Other Assets 32
7. Compensated Absences 32 2004 Taxable Net Tax Capacity by Class of Property
8. Long-Term Obligations/Conduit Debt 33
9. Claims and Judgments 33 Residential Homestead $13,426,180 74.5
10. Equity Classifications 34 Commercial/lndustrial, Public
11. Comparative Data/Reclassifications 34 Utility and Railroad 3,534,145* 19.6%
Agricultural 301,898 1.7
IL Reconciliation of Government-Wide and Fund Financial Statements 35 Apartments 297,944 1.6
A. Explanation of Certain Differences Between the Personal Property 468,371 2.6
Governmental Fund Balance Sheet and the Statement of Net Assets 35
Total $18,028,538 100.0%
111. Stewardship, Compliance, and Accountabitity 35 *
A. Budgetary I nformation 35 Reflects adjustments for fisca!disparities and captured tax increment fax capacity.
B. Excess Expenditures Over Appropriations 36
C. Deficit Balances 36
Trend of Values
IV. Detailed Notes on Alf Funds 36
A. Deposits and Investments 36 Indicated Taxable Taxable Tax
B. Receivabtes 38 Market Value�a� Market Value Capacitv�b�
C. Capital Assets 39 '
D. Interfund Receivables/Payables and Transfers 42 2004 $1,868,158,953 $1,606,646,700 $18,028,538
E. Long-Term Obligations 44 2003 1,588,774,651 1,366,346,200 15,373,855
F. Lease Disclosures 47 � 2002 1,353,935,798 1,153,553,300 13,132,139
G. Governmental Activities Net Assets 47 ' 2001 1,122,690,460 976,740,700 11,262,405
H. Component Unit 49 2000 959,718,481 846,471,700 14,047,202
V. Other Information 53 �a� Calculafed by dividing the county assessor's taxable market value by the sales ratio defermined for
A. Employees' Retirement System 53 � the City each yearby the State Departrnent of Revenue.
B. Risk Management 57 �b� See Appendix lll for an explanation of tax capacity and legislative changes in 2001 to the Minnesota
C. Commitments and Contingencies 58 property tax laws. The decrease in taxable tax capacity in 2009 was affributable primarily to
reductions in property tax c/ass rates.
IV-14
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CITY OF ROSEMOUNT CITY OF ROSEMOUNT
NOTES TO FINANCIAL STATEMENTS NOTES TO FINANCIAL STATEMENTS
December 3t,2003 December 31,2003
. . NOTE I—SUMMARY OF SIGNIFICANT ACCOUNTIN6 POLICIES � � � � NOTE I—SUMMARY OF SIONIFICAN7 ACCOUNTIN6 POUCIES(COf11.�� �
The City of RosemouM,Minnesota(the�CIIy')W8S IO�rtled 8f1d OPefBI@S pUfSU80l 10 BppIICBbIB B. GOVERNMENT-WIDBAND FUND FlNAMClAL STATEMENTS
Minnesota laws and staWtes. The goveming body consists ot e (ive-member Ciry Council
elected at large by votere bf the City. City Council members serve four-year staggered terms In December 1998, the Governmental Accounting Standards Board(GASB)issued Statement
and the maJor servers a four-year term coinciding with the terms of two of the Council members, No.33-Accounting and Financial Reporting/or Nonexchange T�ansacNons(GASB 33).in June
Elect(ons take place every two years, 1999, GASB issued Statement No. 34 8asic Financlal Statements - end ManagemenPs
The tinancial statements of ihe City have been prepared in conformity wilh generally accepted Discusslon and Analysis-for State and Local Governments(GASB 34). In June 2001,GASB
accounting principles, es applied to governmental units by the GovernmeMal Accounling issued Statement No. 37 8astc Flnancial Statemertts - and ManagemenPa Dlscussion and
Analysls-For State and tocal Governments- Omnibus, (GASB 37), and Statement No. 38
Standards Board (GASB). The more significaM accounting policles of the City are described Certain Financiai Sfatemant Nofe DJsclosures.
below.
A. ReroanNo ENnrr The Ciry of Rosemount made the decision to ImplemeM these standards effective January 1,
2003.
7his report includes all of ihe funds of the City of Rosemount.The reporting entity for the City Statements No. 34 and 37, among many other changes, add two new 'government-wide'
consists of(a)the primary government, (b)organizations for which tha primary govemment ls financial statements 8s basfc tinancial statements required tor all governmental uNts. The
financially accountable and(c)other organizations tor which ihe nature and sigMficance of their statement of net assels and lhe statement of acUvities are lhe two new requfred statements.
relationship with the primary govemment are such 1haF their exclusion would ceuse the reporting
C Both statements are prepared on ihe tull accrual basis. Previously, in accordance wfth
� entity's tinancfai statements to be misleading or incomplete. Component uniis are legelly accounting standards tor governmental units, the City used the modified accrual basis of
� separate organizations for which the elected officials ot the primery governmeM are flnencially accounting tor cerlain tunds. The modi(ied accroat basis of accounting contlnues to be the
accountabie.The primary government is financialty accountable it it appoims a voting majority of approprfate basis of accounting for governmental activity tund financial stalements.
the organiza0on's goveming body and (1)it is able to impose ita will on that organization or
(2)ihere is e polential tor the organization lo provide specific financial benefits to or burdens on In addition,all tunds in the(und financial slatements are reported as business-rype activities or
the primary government The primary governmen► may be financialiy accountable if an
organization is fiscally dependent on the primary government. Blended component units, 9overnmental acUviUes. The detiniiions for these types o( activities are discussed in olher
portions oI Note L
although legally separate entities, are, in substance, part ol the government's operations and
are reported with simiiar funds of the primary government. Each discretely presented Finaliy, all funds are further classitied as major or non-major funds. In reporling tinanciai
component uNt ia reporled in a separate column in the government-wide tinanciai statements condition and resWts oi operatfons lor govemmenta� unils,the new standard concentretes on
(see note below for description)to emphasize lhat it is legally separate irom ihe govemmenL major funds versus nommajor funds.
Blended Component Unit(s) Statement No.33 reQuires capital wntribuUons to proprietary funds to be presented as a change
in nel assets rether than being dlrectly credited to nel assels. Statement No. 36 requires
None. additional note disclosures.
Discretely Presented Component Unit(s) Government-Wlde Flnanclal Statements
. Rosemount Port Aufhority The statement of net assets and statement of activities display informaffon about the reporling
govemment as a whole. They include ell funds of the reporting entiiy. The stalements
The governmenl-wide financial statements include the Rosemount Port Aulhority ("Port disfinguish between governmental and business-type activHies. Caovernmenlal activitfes
Authority")as a component uniL The PorE Authority is a legally separate organization.The board generally are financed through taxes, intergovemmeniai revenues, and othei nonexchange
of the Port Authority is appointed by the City Couocil.The Cily Council reviews and approves all revenues.Business-type activities are financed in whole or in part by tees charged to external
Port Aulhority tax ievies and ihe Gity provides major community development iinancing tor Port parties for goods or services. Likewise, ihe primary government is reported separately from
Authority acUvities.Debt issued for Port Authority activities are general obiigations of the City. certain legalty separete componeot units for which ihe primary government is financialiy
The Porl Authority's tinanc(al data has been presented in this report as a governmental fund accountable.
rype.Separate financfal statements have not been prepared for the Rosemount Port Authority.
CITY OF ROSEMOUNT CITY OF ROSEMOUNT
NOTES TO FINANCIAL STATEMENTS
December 31,2003 NOTES TO FINANCIAL STATEMENTS
December 31,20�3
� �� NOTE(-SUMMARY OF SIGN�FICANT ACCOUNTIN6 POL�CIES(COOL� . NOTE I-SUMMARY OF SIONIFICANT ACCOUNTIN6 POLICIES(COI11.� � � � �
�. B. GOVERNMENT-W/OE AND FUND F/NANCUL STA7EMENTS(COOL) � B. GOVEFNMENT-WIOE AND FUND F/NANClAL STATEMENTS(C001.� .
Government•Wide Ftnanclal Statements(cont.) Fund FinancJal Statements(cont.) .
The statement oi activities demonstrates ihe degree to which the direct expenses oi a given The City reporls the following major enterprise tunds:
fundion,or segment,are otfset by program revenues.Dlreci expenses are those that are clearly
identifiable wilh a apectfic(unction or segmenL The City does not allocate indirect expenses to Waier Utility-accounts for operations of ihe water system
funcQons in the stalement ot activities.Program revenues include 1)charges to customers or Sewer Utilily-accounts for operatfons of the sewer system
appflcants who purohase,use or direct�y benefit irom goods,services,or privileges provided by Storm Water Utitiiy-accouMs tor operatlons oi the slorm water drainage system
a given function or segment,and 2)grants and contributions that are tesiricted lo meeting the
operational or capitai requirements of a parlicular/unction or segment.Taxes and other items The City reports the Tollowing non-major governmental and enterprise funds:
not included among program revenues are reported as general revenues. Inlemally dedicated
resources are repoPted as general revenues rether than as program revenues. Special Revenue Funds - used to accou�t for the proceeds ot specific revenue
sources(other than major capital projects)ihat are Iegaliy restricted to expenditures
Fund Flnancla/Statements tor specitied purposes.
Financiai stalements of the reporting entity are organized inio tunds, each of which is Building CIP Fund
� considered to be a separate accouMing entity. Each fund is accounted for by providing a Street CIP Fund
...► separate sel ot self-balanc(ng accounts,which constiWte its assets,liabllftles, net assets/fund Equlpment CIP Fund
� equity,revenues,and expenditurelexpenses. Mississippi River Fund
Park Improvements Fund
Separete financfal statemeMs are provided for governmental tunds and proprietary funds.Major Greal Rive�Energy Projed Fund
individua6 governmentai funds and major individuaf enterprise funds are reported as separate Crime ReducQon Project Fund
columns in the fund financial statemenfs. Fire Satety Education Fund
Funds are organized as major(unds or non-major funds within the governmental and proprietary
GIS Fund
statemenis. Emphasis is placed on major funds wilhin the govemmental and proprietary Enterprise Funds-may be used to report any actfvity for which a tee is charged to
categories.A fund is considered maJor if it is the primary operating fund oi the Ciry or meels!he externel usas for goods or seMces,end must be used for activities which meet cedafn
tollowing criteria: debt or cost recovery criterfa.
a. Total assels, liabilities, revenues, or expendilurestexpanses of that individual Arena Fund-eccounls for the acHvities ot ihe City's ice arana operations.
govemmental or enterprise fund are at least 10 percent oi the corresponding total for a�i
funds of fha6category or type,and In addition,ihe City repoAs the following tund type:
b. The same elemen!ot the individual governmental fund or enterprise fund that mat fhe 10
percent test is at least 5 percent oi the corresponding total tor all governmental and Intemal service tunds are used to account far the financing of goods and services"
enterpr(se iunds combined, provided by one department or agency to other departments or agencies of the City o�
c. In addiUon, any other governmental or proprietary fund that the Ciiy believes is a cost-reimbursement basis.
parQcularly important to financial statemenl users may be reported as a major fund.
Insurance Fund-accumulates resources to pay deductibles and uninsured claims,and
The City reports ihe following major gover�mentai tunds: pays for a majority oi tBe general Ifability insurance and workers compensaUon insurance
General Fund-accounts for the City's primary operating activities.It is used to account
premiuma for the City.
for all financfal resources except those required to be accounted(or in another tund.
General Oebt Service Fund-accounts for resources accumulated and paymeols made
tor ptincfpal and interest on long-term debt olher than TID or enterprise(und debL
General Capital Projects fund - accounts for proceeds irom long-term borrowing and
other resources to be used for capital improvement projects.
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CITY OF ROSEMOUNT CITY OF ROSEMOUNT
� NOTES TO FINANCIAL STATEMENTS NOTES TO FINANCIAL STATEMENTS
December 37,2003 December 31,2003
. � � NOTE I-SUMMARY OF SIGNIFICANT ACCOUNTINO POLICIES(COfll.) NOTE I-SUMMARY OF SIGNIFICANT ACCOUNTIN6 POIICiEB(COfll�.) � '
: . C. MBASUREMENT FOCUS,BASIS OF ACCOUNTING AND F/NANC/At STATEMENT PRESENTATfON � C. MEASUREMENT�FOCUS� BASIS OF ACCOUN7INQ AND FINANCIAL STATEMEMT PRESENfAT10N �
GovernmenhWide Financiai Statements (cont.)
The govemment-wide statement of nel assets and statement of aclivities are reported using the
Fund Flnanclat Statements(cont.)
economic resources measurement tocus and the accrual basis oi accountiog.Under the accrual Revenues susceptible to accrual include property taxes,miscellaneous taxes,pubiic charges for
basis ot accounting, revenues are recognized when eamed and expenses are recorded when services, special assessments and interesl. Other general revenues such as Yines and
the liability ts incurred or economic asset used.Revenues,expenses,gains,losses,assets,and for(eitures,inspection tees,recreaUon tees,and misce�laneous revenues are recognized when
liabilities resulting irom exchange and exchange-like transactlons are recognized when the received in cash or when measurable and available under the criteria descflbed above.
exchange takes place.Property taxes are recognized as revenues in lhe year forwhich they are
levied. Taxes receivable for the (ollowing year are recorded as reeetvables and deterred The City reporta deferred revenues on its govemmentelYunds balance sheet Deferred revenues
revenue. Grants and similar items are recognized as revenue as soon as all eNgibility arise (rom taxes levied in !he current year which are for subsequent year's operetions. For
requirements imposed by ihe provider.are meL Special assessments are recorded as revenue governmental fund financial statements,deferred revenues arise when a potentiel revenue does
when eamed.Unbilled receivables are recorded as revenues when services are provided. not meet both fhe 'measurabie"and "available" cdteria for recognilion in the current peHod.
Deferred revenues also arise when resources are received before the Ciiy has a legal claim to
The business-type activities follow all pronouncements oi the Govemmenlal Accounting them,as when grent moniea are received prfor to the incurrence ot qualifying expendiWres.In
Standards Board, and have elected not to toilow Financiai Accounting Standards Board
� pronouncements issued after November 30,1989. subsequent periods, when both revenue recognition criteria are met, or when the City has a
j legal ciafm to ihe resources,ihe liability iw de(erred revenue is removed irom the balance sheet
V and revenue is recognized.
As a geoeraf rule,the eftect of intertund actfvily has been eliminated from the govemment-wide
tinancial stalements.ExcepHons to this general rule are charges between the City's water and Proprietary fund Tinancial statemenis are reported using ihe economic resources measurement
sewer utility and various other tunclions oi the govemment.Elimination ot these charges would �ocus and the accrusl basis of accounting,as described previousiy in this note.
distort the direct costs and progrem revenues reported for ihe various functions concerned.
The proprietary funds foliow all pronouncements of the Governmental Accounting Standards
Fund FlnancJal Statements 8oard, and have elected not to(oliow Financial Accounting Standards 8oard pronouncements
issued after November 30, t989. The proprieiary funds distinguish operaNng revenues and
Governmentai fund (inancial sletements are reported using the current (inancial resourcea expenses trom nonoperating items. Operating revenuea and expenses generally result from
measuremenl focus and lhe moditied accrual basis of accounting. Revenues are recorded when providing services and producing and delivering goods in connectfon with a proprietary(und's
they are bolh measurable and available.Available means collectible within the current period or principal ongoing operetfons.The princi,pal operaling revenues oi the water,sewer,storm water,
soon enough thereafter to be used to pay Iiabiiities of the current period.For this purpose,the and arena tunds are charges to customers for sales 8nd services. Operadng expenses for '
Ciry considers revenues to be availabie if they are collected within 60 days of the end ot the proprietary funds inciude ihe cost of sales and services, administraNve expenses, and
current fiscal perlod. Expenditures are recorded when the related fund liability fs incurred, depreciation on capital assets. All revenues and expenses not meeting ihis definition are
except for unmawred iMerest on long-term debt, claims,judgments, compensated absences, reported as nonoperating revenues and expenses.
and penslon expenditures,which are recorded as a fund liability when expecled lo be paid with
expendable available financial resources. The preparation of finencfal statements in conformity with generaily eceepted accounting
principles requires management to make estimates and assumptlons that affect the reported
Property taxes are recorded in the year ievied as receivables and deferred revenues.They are amounts of assels and IiabitiQes and disciosure of contingent assets and liabililiea at the date ot
recognized as revenues in the succeeding year when services financed by the levy are being the financial sfalements and the reported amounts of revenues and expenditures/expenses
provided. during the reporting period.Actual results could ditfer irom those estimates.
Intergovemmentai aids and grants are recognfzed as revenues in the period the City is entitled .
the resources and the amounts are available.Amounts owed to the City which are not avaitabie
are recorded as receivables and deterred revenues.Amounts received prfor to the entitlement
period are also recorded as deferred revenues.
Special assessmeMs are recorded as�evenues when they become measurable and available as
curreni assets.Annual installments due in tuture years are retlected as receivables and deterred
revenues. -
CITY OF ROSEMOUNT CITY OF ROSEMOUNT
NOTES TO FINANCIAL STATEMENTS
NOTES TO FINANCIAL STATEMENTS
December3l,2003 December 31,2003
NOTE I-SUMMARY OF SIGNIFICANT ACCOUNTINO��POUCIES(C0111.� � � � .
. . .. . NOTE I-SUMMARY OF SIGNIFICANT ACCOUNTINO�POUCIES(COOL)
.. . D. ASSETS,LlAB/LITJES,AND NET ASSBTS OR EQUITY . � D. ASSETS�LIABIUTlES,AND NET ASSEIS OR EQUITY(COOI�.) � �
1. Depos(ts and lnvestments 2. ReceJvables(cont.)
For purpos�s ot the statement of cashilows,the City considers ail highiy liquid inveslments wiih Special assessments are levied against the benefiled properlfes for the assessable cosis ot
an initial maturily of three months or less whert acquired to be cash equivalents.Cashwith tiscal special assessmenta Improvement projects in accordance with Slaie Statutes.The City usually
agents are not considered to be cash equivalents, and therefore are excluded trom cash and adopts lhe assessment rolls when ihe[ndividual projects are complete.The assessments are
cash equivaleMs fi the cash flow stalements. eollectibie over a lerm of years generally consistenl with the term oi years of the related bond
invesiment of Ciry funds is restricted by state statutes.Available investments are Iimited ta issue.Collection of annual instalimenta pncluding interest)is handied by the County in ihe same
manner as property taxes. Property owners are aliowed to prepay tolel future inataliments
Direct obligaQons or obligations guaranteed by the United States or its agencies, commercial without interest or prepayment penallies.
paper, repurchase or reverse repurchase agreements with banks that are members af the
Federal Reserve System with capitalization exceeding$10,000,000,a primary reporting dealer Speciaf assessments receivable Includes the tollowing componeots:
in U.S. Government Securities to ihe Federel Reserve Bank ot New York, or munidpalities, . Current-amount collected by Dakota CouMy and not remitled to the City.
bankers acceptances oi United Sta4es banks eligible for purchase by the Federal Reserve . Delinquent-amounts billed to property owners but not paid.
� System,and shares of invesiment companies registered under ihe Federai Investment Company . Deterced- assessment instaiiments, which wili be billed to property owners in fuwre
� Act ot 1940 and whose anly fnvestments are direct obiigations guarenteed by the United States ears.
-► or its agencies.The City's investments at December 31,2003,are stated at tair value. . Other-assessments(or which a meM has been ost oned based on council action.
� P Y P P
Investment purchases are charged and maturities are deposited ro the consolidated bank Accounts receivable are considered to be 100°h collectible.
accouM. The purpose oi this consofidation is to reduce administretive costs and to provide a
single cash bala�ce available for the maximization of invesiment eamings.Each fund shares in During the course of opereHons,transactions occur between individual funds that ma result in
the investment earnings according to its average cash and investment balances. Cash is y
transierred from those funds with avaiiable cash resoorces to cover any negative cash balances amounts owed between funds.Shor4term interfund loans are reporled as'due to and from oiher
tunds.' Long-term inter(und loans (noncurrent portion)are reported as"advances(rom and to
in other funds at year-end. other funds.'IMertund receivables and payablea between funds within governmenlal activities
2. Recelvables aie eliminated in the statement of net assets.Any residual balances outstanding between the
governmental activities and business-lype act(viHes are reported in fhe government-wide
Property tex levies are set by the City Councii in the fall of each year and are certftied to Dakota financial statements as"internal balances'.
County for collection in the following year.In Minnesota,coundes act as colleclion agents for all In the governmental(und financial statements,advances to other tunds are otfset e uail b a
properry Iaxes. q y Y
fund balance reserve account which indicates ihat ihey do not consUtuta expendable availabie
The County spreads all levies over taxable property. Such taxes become a lien on January 1 financiai resources and,theretore,are not availabie tor approprfation.
and are recorded as receivables by the City at that date. P�operty taxes are accrued and 3.inventorJes and Piepald/tems
recognfzed as revenue in the year collectible,nel of delinquencies.
Govemmental fund inventory items are charged to expendiWre accounts when purohased.Year-
Real property taxes may be paid by taxpayers in two equal instaliments on May 15 and October end inventory wes not signHicant. Proprietary tuod inventories are generally used tor
15. Personal property taxes may be paid on February 29 and June 30. The County provides tax constructlon and for operaiion and maintenance work.They are not for resate.They are valued
setdements to cities and other taxing districls five times per year,in January,April,June,July at cosl based on weighted average, and charged lo conslruction, opere0on and maintenance
and December. expense when used.
Taxes which remain unpaid 60 days a(ter year end are classitied as delinquent taxes receivable Certain paymenis to vendors �eflecl cosis applicable to future accouMing periods and are
and are fully oifset by deterred revenue because they are nol known to be available to finance recorded as prepaid flems in both govemment-wide and fund financial statemeMs.
current expenditures.
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CITY OF ROSEMOUNT CITY OF ROSEMOUNT I'
NOTES TO FINANCIAL STATEMENTS NOTES TO FINANCIAL STATEMENTS
December 31,2003 December 37,2003
NOTE I-SUMMARY OF SI6NiFICANT ACCOUNTIN6 POUCIES(COI11.� � NOTE 1-SUMMARY OF SIGNIFICAN7 ACCOUNTINO POLICIES(COM.) ���
� � � D.. ASSETS�LIABILIT/ES,AND NET ASSETS OR EQUITY(Wf1L) D. ASSE7S�LIA81UifES�AND NET ASSETS OR EQOITY(C0t11.)
4.Reatrlcted Assets 5. CapJta!Asaets(cont.)
Mandatory segregations of asseis are presented as restricted assets. Such segregations are Govemment-Wlde Statements(conL)
required by bond agreements and other external parties.Current liabilides payable from these
restricted assets are so classHied. The excess of restricted assets over current iiabilitfes Depreclation of all exhaustible fixed assets is recorded as an alloceted expense in the statement
payable from restricted assets will be used first for retfremenl of related long-term debt. The of activities, with accumulaled depreciation refiected in the statement of net assets.
remainder, if generated irom earnings, is shown as restricted net assets.As ot December 31, Depreciation is provided over the assets'estimated usetul lives using the straight-line melhod of
2003,the Ciry did not have any resldcted assets. depreciation.The renge of estimaied use(ul lives by type of assel is as follows:
5. Capttal Assets Buildings 30-65 Years
Machinery and equipment 4-20 Years
Government-Wlde Statements Other improvements 60 Years
Utllity System 65 Years
in the governmen4wide tinancial statements,fixed assets are accounted for as capital assets. Infrastructure 35-50 Years
Capitai assets are defined by the government as assets with an initial cost of more ihan$500 for
< generai capital assets and intrestructure assets, and an estimated useful lite in excess o(five fund Flnancial Statements
� years. AU capftal assels are valued al historical cost, or estimated historical cost if actual
amou�ts are unavailable.Donated fixed assets are recorded at iheir esQmated fa(r value at the In the fund financiai statemeots, fixed assets used in governmental fund operations are
date of donation. accounted for as capitai outiay expenditures of the governmental fund upon acquisition. Pfxed
assets used in proprieiary fund operations are accounted for the same way as in the
Prior to January 2003,in(rastructure assets of governmental funds were not capilalized. Upon government-wide statements.
implementing GASB 34, govemmental units are required to account for all capilal assets.
including inirestrucWre, in the government-wide statements prospeclively Irom the date of 6. OtherAssets
implementation. Retroactive reporling of all major generel intrastrucWre assets is encouraged
but not required untif January 7,2007,when GASB 34 requires the Ciiy to retroactively report all In govemmental (unds, debt issuance costs are recognized as expenditures in the current
maJor general intrastructure assets acquired since January 1, 1980. For the year ended petiod. For the government-wide and lhe proprietary fund type financfal statements, debt
Decamber 31, 2003, the City has retroactively reported the road and parking lot network issuance costs are deferred and amortized over the term of the debt issue.
lnfrastruclure acquired by its govemmental fund types. Other governmental fund infrastructure _
iocluding bike treii and sidewalk networks have not yet been reiroactively reported. 7. Compensated Absences
Additions to and replacemenls of capital assets oi business-type activities are recorded at Under terms oi empioyment, employees are granted vacalion, sick and comp time benefks in
originai cost,whicb Includes material,labor,overhead,and an allowance for the cost ot funds varying amounis. These benefits are based upon union cantracts and Cily resolutions as
used during canslruction when signilicant. For tax-exempt deb6 lhe amount ot inleresf applicable.Amounts cerried torward for vacation and comp time accruals are govemed by these
capitalized equals the interest expense ineurred dur}ng constructlon netled against any interest contracls and resolutions.Sick pay accruals may be carried forward i�definftely.
revenue irom temporery invesiment of borrowed fund proceeds. Durfng the year ended
December 37,2003,5287,250 of interest expense was incurred,ot which none was capitalized. All vested vacation,sick leave and comp time pay is accrued when incurred in the government-
The cost of renewals and betlerments relating to retirement units is added to plant accounts. wide and proprfelary fund flnancial statements. A Ifabiflty for these amounts is reported in
The cost of property replaced,retired or otherwise disposed oi,is deducted(rom plant accouMs governmenfal funds anly if ihey have matured,for example,as a resuit of smployee resignations
and, generally, logether with removal costs less salvage, is charged to accumulated and retirements,and are payable with expendabie available resources.
depreciation.
Payments for vacation, sick and comp time leave wili be made at rates in effect when the
benefits are used.Accumulated vacation, sick a�d comp time leave liabilities at December 31,
2003 are delermined on lhe basis oi current salary retes and include salary relaled payments.
CITY OF ROSEMOUNT
CITY OF ROSEMOUNT
� NOTES TO FINANCIAL STATEMENTS
December 37,2003 NOTES TO FINANGIAL STATEMENTS
December31,2003
� NOTE I-SUMMARY OF SiGNIFICANT ACCOUNTIHO�POUCIBS(COOL� � � � �� � �
� . NOTE I-.SUMMARY OF$16NIFICANT ACCOUNTIN6 POLICIES(CO01.� � ..
� . D. � ASSETS,LIAB/LIT/ES,AND�NET ASSETS OR EQUITY(COO�J D. ASSETS,LIABILIffES�ANO NET ASSETS OR EQU17Y(C001.� �
8. Long•Term ObligaHons/Condulf De6t 10. Equity Classlllcations
Aii long-term obligations to be repaid (rom governmental and business•type resources are Govemment-Wtde Statements
reported as liabilities in the government•wide stalements. The long-term obligations consist
primarily of notes and bonds payable,and accrued compensated absences. Equity is classitied as net assets and displayed in three componenis:
Long-term obligalions tor governmental funds are not reporled as liabilities in the(und ti�anciai a. lavested in capital assets,net of related debt-Consists of capital assets including
statements. The face value of debls (plus any premiums) are reported as other Iinancing restricted capital assets, net oi accumulated depreciation and teduced by the
sources and payments oi principat and iMerest are reported as expenditures.The accounting in outstanding balances o(any bonds,mortgages,notes,or other borrowings that are
proprietary tunds is the same as It is in the govemment-wide statemenls. a�tributable lo the acquisition,conslroction,or improvement ot those assets.
b. Restricted nel assets-Consists of nel assels w(th constrafnts placed on iheir use
For the government-wide statemenls and proprietary fund statements, bond premiums and either by 1)exlernal groups such as creditors, grantors, coMributors, or laws or
discounls are deferred and amortized over the life of the fssue using the straigh4line method: regulalions ot other governments or, 2)law Ihrough constitutional provisions or
Gains or losses on prior retundings are amortized over ihe remafning life of the old debt,or the enabling legislation.
Iffe ot the new debl,whichever is shorter.The balance at year end tor both premiums/dlscounts c. Unrestrfcted net assets -All other net assets ihat do not meet ihe definition of
� and gai�s/losses,as applicable,is shown as an increase o(decrease�in the liability section oi
N Yestricied'or'invested in capital assets,net of related debt.'
the balance aheet.
� When both restricted and unrestricted resources are available tor use,it is the City's policy to
The City has approved the issuance of indusiriat revenue bonds(IRB)tor the beneiit of private use restricted resources first,lhen unrestricted resources as they are needed.
business enterprises.IRB's are secured by mortgages or revenue agreements on the associated
projects,and do not constitute indebtedness of the City.Accordingiy,the bonds are not reported Fund Statements
as Ifabilities in the accompanying financial slatements. At year end, the aggregate principal
amount ior ihe six issues outstanding could oot be determined; however, their original issue Governmental fund equity is classified as(und balance. Fund balance is further ciassified as
amounts totaled$7,175,000. reserved and unreserved.Unreserved fund balance includes funds set aside by management tor
specitic uses, which are labeled 'designated'. The balance of unreserved fund balance ts
9. Clalms and Judgments labeled'undesignated',which indicates it is available for appropriatfon.Proprfetary Tund equiry
Claims and judgments are recorded as liebilities if ali the condilions oI Govemmeatal Accounting is classi(fed the same as in the govemment-wide statemenis.
Standards Board pronouncemenEs are met. Ctaims and judgments that would normally be 1 f. Comparative Data/Reclassl/lcadons
iiquidatetl with expendable avafiable tinancial resources are recorded during the year as
expenditures in ihe govemmental funds. it they are not to be liquidated with expendable Comparative tolal data for ihe prfor year have been presented in selected sections of the
available financial resources,no liab8ily is recognized in the governmental fund statements.The accompanying financial statements in order to provide an understanding ot the changes in the
related expenditure is recognized whe� ihe liability is liquidated. Claims and judgments are financial position and operations of lhese funds. However, com aretive data b f
recorded in4he government-wide statement and proprietary funds as expenses when the related P y und has no!
liabilitfes are incurred.There were no significam claims or Judgments at year end. been presented in ail statements since their inclusion would make Ihe statemenis unduly
complex and difficult to read.Also,certain amounts presented in the prior year data have been
reclassified in order to be consistent with the current year's presentation.
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CITY OF ROSEMOUNT CITY OF ROSEMOUNT �
NOTES TO FINANCIAL STATEMENTS NOTES TO FINANCIAI STATEMENTS
December 31,2003 December 37,2003
. � NOTE II-RECONCIUATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS . NOTE III-STEWARDSHIP�COMPUANCE�.AND ACCOUNTABILITY(COOL� � .
A.. EXPLANATION OF CERTAlN DiFfERENCES BETWEEN TNE GOVERNMENTAI FUNO BALANCE B, EXCESS EXPENDITURES OVER APPROPRIATlONS � � �
� � SHEET AND iHE SiA7EMENT OF NET ASSETS �� � � � � � � �
AcWai expenditures exceeded budgeted expenditures in the tollowing special revenue funds:
The governmental fund balance sheet includes a reconciliation between lund balance- tofal
governmenfal funds and net assefs-govemmental activifies as reported in the governmenF Budget Actual Excess
wide statement of net assets.One element of that reconciliation explains that"Some Iiabilities, Building CIP $26.500 597,905 371,405
including long•term debt,are nol due and payable in ihe current period and,therefore,are not Equipment CIP 723,600 978,025 254,372
reported in the tunds".'The details of this$17,293,332 difference are as follows:
The City controls expenditures at the department IeveL Some individual departmeMs
Long-term Iiabilities applicable to the City's governmental activities are not due and payable in experienced expenditures which exceeded appropriations. The detaii of those itema ean be
ihe current period, and accordingly, are not reported as fund liabillties. Interest on long-term (ound in the City's year-end budget to actual report.
debl is not accrued in govemmental funds,but rather is recognized as an expenditure when due.
Ail liabiliiies-both current and long-term-are reported in the statement ot net assets. C: DeF�c�r Bn�nNces
Bonds and notes payable $ 15,445,000 Generally accepled accounting principles require disclosure ot indlvidual funds that have deficit
Capilal leases payabie 7,090,044 balances at year end.
Compensated absences 496,782
NAccrued interest 261,506 As ot December 31,2003,the following individuat special revenue fund held a deticit balance:
� Combined Adjustment for un R aso
long-Term Liabilities $ t7,283,332
Great River Energy Project $297 allocation of negative cash balance
� � NOTE III-$TEWAROSHIP�COMPLIANCE,AND ACCOUNTABIUTY Th8 C1�Y WIII 1108f1C81hI3 dCfIC1I 1hfOU9h @%l@f081 Of IOlCf081 SOUfCBS 10(UW�B yB8lS.� . �
�. � A. BUDGETARYINFORMAT/ON � . � � � � � � . �
� � � � � � NOTE IV�-DETAILED NOTES ONALLfUND3 � � � � .
Budgetary iniormation is deNved from the annual operaling budget and is presented using the
same basis of accouMing for each(und as described in Note 1.C.with depariures from GAAP A. Deros�rs allo INvesrMeNrs
for encumbrences. "
The City maintains a cash and investment pooi for all tunds(including the component unit)wMch
Anauai budgets have been adopted tor the general fund and three spedal revenue'funds, is recorded on the statement of net assels as follows:
Bui�ding CIP, Sireet CIP and Equipment CIP. The capitai project tunds adopt proJect-length
budgets and the�efore are not included in the annual budgeting process. Formal budgetary Per statement of net assets-City $ 34,544,342
integration is not employed for debt service tunds because ef(ective budgetary control is Per statement ot net assets-Port Authority 3,242,389
alternatively achieved through generai obligation bond indenture provisions.
Total $ 37.78B,731
The budgeted amounts presented include any amendments made. Or, the budgeted amounis
presented are as presenled in the original budget and no amendmenis were adopled during lhe Total cash and inveslments consisi of the following:
year.The appropriated budget is prepared by fund,deparlment and funciion.The legal levei of
budgelary conirol is at the department leve�.The City Council may authorize department heads pefty cash and cash on hand $ 2,400
to trensfer budgeted appropriafions within departments. The Council approved several Deposits with financial insiitutions 28,157,823
supplemental budgetary approprfations during the year,but they were not considered material. lovestmenls 9,626,508
Appropriations lapse at year end unless speci(ically carried ovet. Carryovers to Ihe following Total Cash and Inveslments $ 37,788,731
year were$150,05L
CITY OF ROSEMOUNT CITY OF ROSEMOUNT
' NOTES TO fINANCIAL STATEMENTS
December 31,2003 NOTES TO FINANCIAL3TATEMENTS
December 31.2003
- NOTE IV-DETAILED NOTES ON ALL FUNDS(C001,�. � � NOTE IV-DETAILED NOTES ON ALl FUND$(C001.�-
. � � � � �A. �DEPOSlTSANOINVESTMENTS(COOt.� � : � - B. RECEIVABLES �
� � � DEPOSITS . � � . �.
Receivables as of year end tor ihe govemmenPs individual major funds and nonmajor and
The City has ihe authority from ihe City Council to maintain deposits with various tinancial internal service in the aggregate,including the applicable allowances for uncoliectible accounts,
inslitutions that are members of Ihe Federal Reserve System. As required by Minnesota are as follows:
Slaiutes, any of the City's deposiis are to be protected by $100,000 0( federal depository
insurance and pledged collateral.The markel value ot piedged collateral must equal 110%of the Debt Nonmajor Imernai
deposits not covered byinsurance or bonds(140%in the case of mortgage notes pledged). Service- Governmental Service
Governmentaf AcHvltles Genetal Generel Funds Funds Total '
At December 31, 2003, !he car�ying amount ot the City's deposits was $28,757,823 and the Receivab�es:
bank balance was $28,886,600. The di(ference between the ca�rying amount and the bank Taxes S 531,873 5 - S 3 - S 531,873
balance represenls outstanding checks and deposils in transit. accounts 37,666 • 18,018 1,858 57,342
Special assessments 60,068 4,677,058 63,355 - 4,800,479
Of the bank balance,ali was covered by(ederal depository insurance,or by periected coilateral Delinquent special assessments 883 100,087 5,869 - 106,839
pledges held by ihe Cily's agenl in ihe City's name. Due trom otber govemments 10.433 10.433
Gross receivables 640,921 4,777,145 87,242 7,658 5,506,866
'C Fiuctuating cesh flows during the year due to tax coilections, recefpt of state aids and/or
� � � Less: Allowance tor .
N proceeds from borrowing may have resulted in Yemporary balances exceeding inswed and Uncollectib�es
N collaleralized amounls.
Net Total Racaivables S 640,921 S 4,777,145 S 87,242 S 1.658 S 5,506,968
� INVESTMENTS .� � Amounts not expected to be collected .
The City's investments are categorized to give an indication of ihe levei of custodfal credit risk within one year E 35,604 S 2,987,853 S - S - S 3.017,257
assumed by the entity at year end.Category 1 includes ilems that are insured or registered or
which are evidenced by securilies held by the Ciry or its agent in the City's name.Category 2 NonmaJor
indudes uninsured and unregislered investments tor which the securities are held by the Storm Bustness•
counterpariy's irust depariment or agent in fhe City's name.Category 3 inciudes uninsured and eoslness•iype Water Sewer Wa1er Type
unregistered investments with securities held be the counterparty or its trust depariment or ActJvfftes Ulilitv Utilitv Utililv Activities Total
. � agent but not in the City's name. . � . . � Racetvab�es; . � � .
Accounts S 254,884 S 277,595 S 142,855 S - S 675,234
Catrying Special assessments 50,641 326,875 709,984 - 489,500
Caiegory Amount Due trom other govemments 45,637 45,631
� .� � 1 2 � 3 Fair Value Gross receivables 305,325 . 608,470 252,939 . 45,631 �. 1,210,365 �
US Govemment Securities$ 9,628,506 S - $ - $ 9,626,508 Less; Allowance tor
Uncollectiblas
The City had no significant type ot investment during the year not included in the above Net Total Receivables S 305,325 S 806,470 S 252,839 E 45,637 S 1,270.365
schedule
� . � � � AmouMs not expacted to be collected .. .
. . � � � within one year S 33,930 S 220,350 S . 73,689 S - S!327,969
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.. _
CITY OF ROSEMOUNT
CITY OF ROSEMOUNT
NOTES TO FINANCIAI STATEMENTS
December 37,2003 NOTES TO FINANCIAL STATEMENTS
December31,2003
NOTE IV-DE7AILED NOTES ON ALL FUNDS(COltf.) � � . � � � � .
. NOTE IV-QETAILED NOTES ON ALL FUNOS(COOt.�
B. RECEIVABLES(CO111.� � . � �� � .
C. CAP/TAL ASSETS(COIII.) � � � � � �
Governmental tunds reporl defened revenue in conneGion with receivables tor revenues thal
are ool cansidered to be available to iiquidale liabilities ot Ihe current period. Property taxes Beginning Ending
levied(or the subsequent year are not eamed and cannot be used to Iiquidate liabilities of the Balance Additions Deletions Balance
curreot period.Govemmental funds also defer revenue recognition in connection with resources Governmental Activities(conL)
that have been received,but not yet eamed. At the end of the current flscal year,ihe varlous Lessi Accumulaled Depreciation for.
components ot defened revenue and unearned revenue reported in the governmental tunds Improvements $ 397,932 $ 40,313 $ - $ 438,245
were as tollows: Buildings 1,690,997 798,089 - 1,889,086
Machinery and equipment 3,010,280 511,752 3,522,032
Unavailable Uneamed Totals Roads 4,817,727 388,054 57,612 5,147,588
Delfnquent property laxes receivable $ 107,890 $ - $ 707,890 Parking lots 130,023 8,061 - 138,084
Delinquent specfal assessments 106,839 - 106,839 Total Accumulated Depreciation 10,046,359 1,1A8,269 57,612 11,135,018
Speciai assessments not yet due 4,235,500 - 4,235,500 Total Depreciated Capitat
Donations Tor future proJects 57,392 57,392 Assets,Nei of Depreciation $26,945,813 $ 373,902 $ 269,688 $27.050,047
Total Deferred/Unearned Revenue
N for(iovernmental Funds $ 4,450,229 $ 57,392 $ 4,507,621 Depreciation expense was charged to tunctions as(ollows:
W
C. GaPita�ASsetS Governmental Activitles
General government 3 160,680
Capilal asset activity Tor the year ended December 31,2003 was as follows: Public safety 215,301
Public works,which includes the deprecialionpf roads and parking lots 588,878
Beginning Ending Leisure activities 783,410
Balance Additions Deletions Balance
6ovemmental ActiviUes Total Governmental Activitfes Deprecialion Expense $7,146,269
Capital Assets Not Being Depreciated:
Land $ 2,487,464 S 85,020 a - a 2,572,484 Beginning Ending
Constructian in progress 1,578,213 4,807,747 6,185,960 8alance Additlons Deletions Balance
Total Capital Assels Business-Type Activities -
Noi Being Depreciated $ 4,065,677 $4,692,767 $ - E 8,758,4A4 Capital Assets Not Being Depreciated:
Land $ 448,497 $ 513,708 $ - $ 962,205
Capital Assets 6eing Depreciated: Construction in progress 8,271,478 6.504,740 6,877,153 7,839,063
Improvemenls $ 721,145 $ 215,402 $ - $ 936,547
Buildings 9,901,877 9,029 - 9,910,906 Total Capitai Assets
Machinery and equipme�t 6,320,323 868,887 269,374 8,719,836 Not Being Deprecfeted 3 8,659,973 S 7,018,448 S 6,877.153 a 8,801,268
Roads 19,752.621 591,115 57,906 20,288,830
Parking lots 298,206 35.738 331,944 Other Capital Assets
Toiat Capital Assets Buildings $ 5,896,547 S 180,331 S - S 6,078.878
Being Depreciated 36,892,172 1,520,771 327,280 36.185,063 Machinery and equipment 1,506,795 122,083 33,360 1,595,508
Mains and lines 74,119,225 9,657,538 83,7�6,763
Totai Capital Assets
Being Depreciated 81,522,567 $,959,952 33,360 .91,449,159
�
o �
. . . . . O W Of .a0 c+f . O O � N m � i�0 7. � . .
Bonds. The CUSIP Service Bureau charge for the assignment of CUSIP identification numbers " W; �; � � � � � � � ��� �
shall be paid by the purchaser. N� � � A � � � � � r � �
M 1�A tn l�7 [�P f�l V ^ N � Of c0
. � . . . . . . . m ' � �
. . . . � . . . . . . . . � . .0 � n A � .
. . . � �. . . � . . � . . E � � �n u� us :ds �a � w � �n � v� w ��w � .
SETTLEMENT �
m
0
Within 40 days following the date of their award, the Bonds will be delivered without cost to the �
purchaser through DTC in New York, New York. Delivery will be subject to receipt by the � � : ,
purchaser of an approving legal opinion of Briggs and Morgan, Professional Association, of Z y
Saint Paul and Minneapolis, Minnesota, and of customary closing papers, including a no- Z W �
litigation certificate. On the date of settlement, payment for the Bonds shall be made in federal, � o �o �
or equivalent, funds that shall be received at the offices of the City or its designee not later than � � Q� � .�
12:00 Noon, Central Time. Unless compliance with the terms of payment for the Bonds has � Z a � = �m
been made impossible by action of the City, or its agents, the purchaser shall be liable to the s �- � E � � = d a
City for any loss suffered by the City by reason ofi the purchaser's non-compliance with said � °� � y � m m � ; �
terms for payment. � W LL � = � y y � � � ��
. . � . . . f- .�� ` � d y m u�.� c�i c�i � v 9 � �.. .
. . . . . . � .. . � Q �1 . 0 ` . 9 tJ 0/ C G C C CI . � 'p C .
� � � Z = Q �� v ?•` Q' W W W� .� w� �. . n .� �. . . .
CONTINUING DISCLOSURE � o � m '� w a � E E " W � � m
. . � . � . . . . w 2 � . W . . . ..'.. LL . . o. oa�� ° p� . LL � oi . . � . ..
� . . . . � . � � Z y �.�'. N q N �V C 0/ N IL Qi � 'O . m r.�. W � . .
On the date of actual issuance and delivery of the Bonds, the City will execute and deliver a W W Q � � a m= `�� � �LL�;�a� Z ' � � d � ; _ ;
i a � ` 3 '9a � m � =ao�iLL�Va�i m m = , � �� �
Continuing Disclosure Undertaking (the "Undertaking") whereunder the City wi11 covenant for .. Q o 9 �,�_ � o; W �� >a , � � �� LL � __ _ o
the benefit of the owners of the Bonds to provide certain financial and ather information about � Z � �° �_�d� � � � � � =N" y p,y ~ �= W � �° � ° ~ ~
. . t .�. mt »�' c Cw ��K �9C dC'�� :LL c � a�i m C9 �
t he City and notices of certain occurrences to information repositories as specified in and � m E- m o m � _ � � o m a
required by SEC Rule 15c2-12(b)(5). o " c°� o� ��� � Z m N W ��� Z �
Z �.__
OFFICIAL STATEMENT
The City has authorized the preparation of an Official Statement containing pertinent
information reiative to the Bonds, and said Official Statement will serve as a nearly final Official
Statement within the meaning of Rule 15c2-12 of the Securities and Exchange Commission.
For copies of the Official Statement or for any additional information prior to sale, any
prospective purchaser is referred to the Financial Advisor to the City, Springsted Incorporated,
380 Jackson Street, Suite 300, Saint Paul, Minnesota 55101, telephone (651) 223-3000. �"m �
� �� � � � � o� m � N � . m'm a v e o vai . .
. . . . - WL OfCO OR aD N �
The Official Statement, when further supplemented by an addendum or addenda specifying the Q��� " ��o �N m �
m -
�^ W� t0 tOQNNNN O 1r V E mNN t0� N R
maturity dates, principal amounts and interest rates of the Bonds, together with any other n �
m -� m c w w�nmwa�mm n o m w w
information required by law, shall constitute a "Final Official Statement" of the City with respect =�� m E� ��w�,�,m o � � m
� d�d1 �W ` > N N���f7 l") N O � 0 �
to the Bonds, as that term is defined in Rule 15c2-12. By awarding the Bonds to any � y=� m� � �
undenNriter or underwriting syndicate submitting a proposal therefor, the City agrees that, no �; m N �a ,� .� �
more than seven business days after the date of such award, it shall provide without cost to the y °�m� �
senior managing underwriter of the syndicate to which the Bonds are awarded 100 copies of W ; ��� _ _ , �
the Official Statement and the addendum or addenda described above. The City designates � W� ��� m � ' H
� � _
the senior managing underwriter of the syndicate to which the Bonds are awarded as its agent � N N �� m o a � :o w
for purposes of distributing copies of the Final Official Statement ta each Participating y <�; q y= � q � W �D
Underwriter. Any underwriter delivering a proposal with respect to the Bonds agrees thereby � � Q a = ��m= � � m m X �
that if its proposal is accepted by the City (i) it shall accept such designation and (ii) it shall o LL � � a=� a � � 3 m 9� �
� oo = ;� ;,' a �_ � `= a ;a a
enter into a contractual relationship with all Participating Underwriters of the Bonds for purposes . � W LL „ ;.� w � = y E m = � ;,
of assuring the receipt by each such Participating Underwriter of the Final Official Statement. � � "' = `° E" � Z
y �. {p �
� . � O J O t0 � � . m � Z � � U O q oql m .
. � . Z a E 7 ,Qj O O �p 'o Q �
O G,_
Dated April 5, 2005 BY ORDER OF THE CITY COUNCIL W m a �d� o W � > o L � � q °� o a a
p un'i � � m � E NE°- ¢ a�i j e `> `mm cEcV �
rc d r y i H � o . ,. �, o� ui°_'a c
� . � . . Z � -� a�i~ > " av�mnma>; in �. y � `u N � m m� ro
u°� o m moY 000000y m d � m� Q 16a w ��oa E
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/s/ Linda Jentink �' J V G y �C N N N N N N J N � � ` ��,C W�d.d.. �
. . . � . � . 0 C� tj W m� m . . ¢ a��i3 �m mo a�f0 > � o
City Clerk � � °'� �'`
� uWi m =X��� i �'� e � � c�°idm m " m
. . . � yQj �i/ ���'O � y W m ��� i ` . .
. . � . � . . � � ,.1 N C m G W m � ..�. C C r N YO F- .�N 1�. .
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� � � . - � . � � . � � � 1�� .mj t=�� d � � . C9 �� CB jUJOJ � � . . .
. . . . � 2 r �� n ZS � � ..
- IV- ��/-2�
R� W o,a � o `�'
L t�a "W E> N �; ¢ N TYPE OF PROPOSALS
. � �m q m U a LL M =j. Z � � . � .
�;W ;o � , Proposais shall be for not less than $2,595,810 and accrued interest on the total princi pal
a a y s y o ;. N � ; amoun t o f t he Bonds. Proposals shall be accompanied by a Good Faith Deposit ("Deposit") in
"�=' � � °' � `° " " the form of a certified or cashier's check or a Financial Surety Bond in the amount of $26,300,
� . . y O O = � � 9 W � 0� tG . �. .. . .
3 �; o � W m payable to the order of the City. If a check is used, it must accompany the proposal. If a
� �a� Financial Surety Bond is used, it must be from an insurance company licensed to issue such a
� `� y L a y � � bond in the State of Minnesota, and preapproved by the City. Such bond must be submitted to
Z � 9`�E m � °!. Springsted Incorporated prior to the opening of the proposals. The Financial Surety Bond must
s
� y g �o��o '" pl , identify each underwriter whose Deposit is guaranteed by such Financial Surety Bond. If the
=�=9 ° "' " "' Bonds are awarded to an underwriter using a Financial Surety Bond, then that purchaser is
W .�,t "
� tn Qc� � Q�pm «! � �
°� Q E a m`_� Y N ol � � � required to submit its Deposit to Springsted Incorporated in the form of a certified or cashier's
"9 � �' check or wire transfer as instructed by Springsted Incorporated not later than 3:30 P.M., Central
O � m � �a m o K � � � t
� °� = o��W o al � � y � Time, on the next business day following the award. If such Deposit is not received by that
� W ; s ;�- � o o � � time, the Financial Surety Bond may be drawn by the City to satisfy the Deposit requirement.
° _ � m �y m o � �; _ � o m N ; ; The Deposit received from the purchaser, the amount of which will be deducted at settlement
� o E `3�� � w� Q � ^ m and no interest will accrue to the purchaser, will be deposited by the City. In the event the
Z Z � L o s� �� q °°m � � � o purchaser fails to comply with the accepted proposal, said amount will be retained by the City.
W � � ��=.; N w m � D � No proposal can be withdrawn or amended after the time set for receiving proposals unless the
� i � m�L� m ¢ Z� m Q� = ; meeting of the City scheduled for award of the Bonds is adjourned, recessed, or continued to
U '
W ° " � `� _ � E ` y� y'� _ ° n another date without award of the Bonds having been made. Rates shall be in integral
0 4 o d �a �, � �
a a.m ai E n r°�n a h m e E�'c p eo
> � � ¢�=� o � ¢�9 ¢m a Q�; a t� ; multiples of 5/100 or 1/8 of 1%. Rates must be in level or ascending order. Bonds of the same
W � `` ` W '�' N a' ° " W maturity shall bear a single rate from the date of the Bonds to the date of maturity. No
� = a vi d �m� WOW yOw m¢ �
Z � " " � Z conditional proposals will be accepted.
AWARD
The Bonds will be awarded on the basis of the lowest interest rate to be determined on a true
interest cost (TIC) basis. The City's computation of the interest rate of each proposal, in
accordance with customary practice, will be controlling.
�°° � � 9°�°` " The City will reserve the right to: (i) waive non-substantive informalities of any proposal or of
_ � ; �
v�••-�.�,N� m � ���e�.o� � � `` d� ; �� matters relating to the receipt of proposals and award of the Bonds, (ii) reject a11 proposals
o a � �nmvovomo m � y E.-. 'voW�;�^
v�n o �n �n c�.-o�.-.-c�e �n w � E y m o._ � u �
��m N O M N��N ��< f�D LL� � m E �~�".T.
�.�m� �, o �� N � : � N N m=;� ;; without cause, and (iii) reject any proposal that the City determines to have faifed to comply with
� " " " '� ` y � "`� " � E ` the terms herein.
. � d! � f9 fN W �C U d ,C �� W�' d . . . .
9
. m � �•� .;= 7� � � � � .
O 7
O y `= p� W N V� .
E H � �. ;a �, m� � BOND INSURANCE AT PURCHASER'S OPTION
oW �, � 9� m�W^
� � � � � . . . �c oa`ni c�iaa.. mZ. � � � . � . . �� � .
N = � � m w a � If the Bonds qualify for issuance of any palicy of municipal,bond insurance or commitment
~ � � �° `r'`D r � therefor at the option of the underwri#er, the purchase of any such insurance policy or the
� . I� W . � 9 m V m N � N C 01 A .
z W � = E � m ` _ _ � %o issuance of any such commitment shall be at the sole option and expense of the purchaser of
_ ~� y `W �� E ° `' � � the Bonds. Any increased costs of issuance of the Bonds resulting from such purchase of
N
�' fn N . . Ol m ul. � O W C�N V C
{L� �.1�..: . . � . M ,C G .'C,. � N m"L' O � > �. .
�, a�, � � �- a � e _ - � m insurance shall be paid by the purchaser, except that, if the City has requested and received a
O c� `m " _? z � � `° " °'va.'r9
� Z a = � � � ;�� � m ; �� H =m o d ' ra ting on t he Bon ds from a rating agency, the City will pay that rating fee. Any other rating
u. ZE � cfDi m > �E " 9 u `° m�v
° o 0 0 -- � �H � � L= � o LL ` E�„W 9 agency fees shall be the responsibility of the purchaser.
� o � v c°� E n c ''
. � .. LL � � .� m . � v . � � � ¢'m 'm'v E =kt- o> ; 10 . .
� � ; W -- �a d� 9� > e� � - m �� m q � � �°d �' Failure of the municipal bond insurer to issue the policy after Bonds have been awarded to the
O a z c v m > > ° W 1O�� � a°y � o m � �m�o N
Z j ° ��m `a m = o�` � y b ��_ � a�� ��� � purchaser shall not constitute cause for failure or refusal by the purchaser to accept delivery on
O � � m m '02 d o m ca � > > mo
� . . q m y W �c a� o: � v. �` � a'o o u. �m .c�o � a c�i u�i � cmi � the Bonds. � � �
� s_ m s � _ W �, d
. . . . . � p c o o. 0 19 i �. `c c c'm `o � U �o c ��m c � � . � . .
. 2 � � a 3 �W aU v ro9' > E �+o � tO Lm � c 'C •omm� wt�`o
. . W q b 'O ��"'..p. W,O � y C��.�.� j �U 07 �. .2 q G W O O ._..y U V�O . . � . � � . . - . . .
CUSIP NUMBERS
. �.� w Q vmm� 'a� a � dacaoa9a. o � cw a` � ¢ N.� c .o . . .
. � � ` y +`o m = W �o m W�. o � m m a a w y w v� Z �. � �m � Q ...a.—�- m c °� . � . . . . .
"' Q m �a �rn�rn�cV� `° u'� mGwE9dy` `° uzi ow o,.c,°', o `o�.. �oa
� � E a =���° �p� W �° � °W m =y" m� �N � � °V T q a = � �� d if the Bonds qualify for assignment of CUSIP numbers such numbers will be printed on the
1 W C `LL C N m 07 m N �lo C� V•- � q -' C C�. m C1 V � O 01 �
, Z . o 0 0 �o � � ��,W�a~""" � ° ° . o a � � " ' � " Bonds, but neither the failure to print such numbers on any Bond nar any error with respect
� . � � . . W �0 7�U'�. U � otn V ymm ;om m� rao .. o � � .
E- �= thereto will constitute cause for failure or refusal by the purchaser to accept delivery of the
a c� c� � z = q �> R�
� Z . . � . . L C� e L W .
t-._ w 3
(V-28 - 111 -
. . . . . . . . � 0 m q �N l0 p � . . . . ' .
8Q 3 �o� � a o� M
DETAILS OF THE BONOS ��, �, � � � � o �o �
o `o � � � o � �� ^
m- � N o W W .� � � �m o
y3a _ ;;o o W �, m� .-
The Bonds will be dated June 15, 2005, as the date of original issue, and will bear interest = �� � ��: N ,� ^ y �, „
payable on February 1 and August 1 of each year, commencing February 1, 2006. Interest will ��r a ; m m �
be computed on the basis of a 360-day year of twelve 30-day months. � �� � o � 3 �
� � � .. � . . . � � . . � � � . a� � 0 N�q m � .� � . .
. . . . � � o��:i.� � � `o� . � p . . . . . . . .
The Bonds will mature February 1 in the years and amounts as follows � ��� � �� � � �
� aa m a� . .
2007 $ 95,000 2012 $115,000 2017 $140,000 2022 $170,000 Z � �o n m o o E N m E
2008 $100,000 2013 $120,000 2018 $145,000 2023 $180,000 , o a o � � � =o m "M� �
tp C tll �lh C L � N C 01 N
2009 $105,000 2014 $125,000 2019 $150,000 2024 $190,000 ' W �� n� " '" m'"�s a = �
O U� ^ � °= w3 m' ma � '° �
2010 $105,000 2015 $130,000 2020 $155,000 2025 $195,000 � Z� � a�y a_ ,,� �� m �
2011 $110,000 2016 $135,000 2021 $165,000 I � Z E � e d�� a�, ���a � ; a
O � � � d d� m � eo aa�� o LL e
. . . } .�� . o �.� oo�.W mn �; cv 'a � � �
F� ~ = tq aQ c �W. � o c� �� m d �
Proposals for the Bonds may contain a maturity schedule providing for a combination of serial � W LL � �..�^ p s � " °� Q � q =
bonds and term bonds. All term bonds shall be subject to mandatory sinking fund redemption o < E =�� m� � ; m m a m ' m �� D
� . . . Z 2 �� O �W . TO Cr �"" � Z d '� 7 > > .
and must conform to the maturity schedule set forth above at a price of par plus accrued ° � m �m a s= � = o � 9 = 9 �- d LL
q = � �� m a; � mz- d m o � m � m
interest to the date of redemption. In order to designate term bonds, the proposal must specify � � � a �,= E a � �"W � � � m "� "
o m _ d� m� �' ao Q 16 �rn � m �
"Years of Term Maturities" in the spaces provided on the Proposal Form. o = o a o o �0. �o �,°' s �m � �, s N o �
. . . . � . u' � a aZ — m m��� °' > o c c 9� 9 .
. . � . . . . � m p d � a �a . .
< i E ,cEc °8 • � m .o �°3 oy my m � m
BOOK ENTRY SYSTEM o a ° �d� d a� �;'�m Z m a� m W � W „ o m W W �,
� f � —�:° toi tEoy ami m 3L ac °� cm ~ °'cc °
. . � . � > U a ¢a�n ra, H m o v� � u.... �c7� c�� �U'�C9 ~ .
The Bonds will be issued by means of a book entry system with no physical distribution of o = m ,�
Bonds made to the public. The Bonds wili be issued in fully registered form and one Bond, Z
representing the aggregate principal amount of the Bonds maturing in each year, will be
registered in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"),
New York, New York, which will act as securities depository of the Bonds. Individual purchases
of the Bonds may be made in the principal amount of $5,000 or any multiple thereof of a single
maturity through book entries made on the books and records of DTC and its participants.
Principal and interest are payable by the registrar to DTC or its nominee as registered owner of
the Bonds. Transfer of principal and interest payments to participants of DTC will be the
responsibility of DTC; transfer of principal and interest payments to beneficial owners by . �r ' � � o 0 0 0 0
� V�' ol� � �00000 �
participants wi11 be the responsibility of such participants and other nominees of beneficial m s D � ����� m��m�Q W o m
COfN W� . pNrnlnf��NaD �.
� N C� 7?O1�f� iON�taDY7� sf
owners. The purchaser, as a condition of delivery of the Bonds, will be required to deposit the � W m N�N.-� q �o<�o� W
Bonds with DTC. �= `" '" " ��^`��N"" �
o ���mm�^m �
�y 9 y O O O � O O ' O . ~ �� � � �
d O O O O O O
. � V Q y OO O 00 O � y� . p � .. � �
REGISTRAR '_ ' � N'N �N �
W o m Q�� o �o�,m�,��,o �
. . . . t N � �p. O N Ol tn t� N CO 1� . .
. " q � M Y! � tONOf<fD V Q Q O .
e-�m 1n O��-1n tf) �
. �D y � � � � � � . . C �er1N N NaD�n t�D . .
The City will name the registrar, which shall be subject to applicable SEC regulations. The City _
!A � N � N
will pay for the services of the registrar. W '� � � �
~ � = ro � o0000000 0
Z w a.r � 5 .. � o0000000 0
OPTIONAL REDEMPTION o ~" °= `" "' " �������� �
ao Y � 3 •� ocvi'viovio 0
. � (q N � � OOOOOOO O � C m�� � M� ..
� �W w o0000000 0 ' '�'�'�tOm^TiO � �
W �.= R o— c d o000000o a` N� r�
N a`� �== � � c �ci ui ui�ri o ui in o � en w ..
The Cit ma elect on Februa 1, 2016, and on an da thereafter, to re a Bonds due on or ' o � m -- ��a = � N V N O 7 V Of CD
Y Y rY Y Y P p Y � Za � d W �� <����o�� m
after Februa 1, 2017. Redem tion ma be in whole or in art and if in art at the o tion of the �- z � � � � � �m " �"�"�� W
rY p Y p p p o 0 0 0 ;�� m �, �, �
City and in such manner as the City shall determine. If less than all Bonds of a maturity are � � _ -� E < ��
called for redemption, the City will notify DTC of the particular amount of such maturity to be '> � � ; �o o � o 0
prepaid. DTC will determine by 1ot the amount of each participant's interest in such maturity to ° a m m� W m N �
be redeemed and each participant will then select by lot the beneficial ownership interests in � � o y h� �W a y g�;N �
s u c h m a t u r i t y t o b e r e d e e m e d. A l l prepaymen ts s ha l l be a t a price o f par p lus accrue d in teres t. Q � � "�� �W° _�`�� `'
. 'Z M C `pV . OfO��N,�N j
. . � �t C W. C b'O N � .
SECURITY AND PURPOSE � ? o ,- � � y � � c � �
W � � dm�.� o�
� i m rao =����my ;
. � . � � c o ~ aa°�1° � � r�.v i.m �:w `m Mmc� . . .
� a c m m c a0 p�pm p•��p o " o0o m
� O J M�F- W iOLt �p.0 W L~ . .G NNN y .
The Bonds will be general obligations of the City for which the City will pledge its full faith and � a;; a��.; o ��,�,n�W��, F
credit and power to levy direct general ad valorem taxes. The proceeds will be used to finance "' = a ""�=`"a ������^�
t- c--- cra� o0000000
the construction of a fire station in the City.
z �a°a°�a°a'a° NNNNNfVNN
- ii -
IV-29
CITY OF R03EMOUNT
CITY OF ROSEMOUNT
. NOTES TO FINANCIAL STATEMENTS
December 31,2003 NOTES TO FINANCIAL STATEMENTS
December 31,2003
� �� NOTE V—OTHER INFORMATION � � � � � - � � �
� � � . . � . � NOTE V—OTHER�INFORMATION(C001.) � �
� A. PENSIDN PLANS � � � �
� � � � � . � A. PENS(ON PLANS(COOt.� �
City employees and firefighlers participale in the pension plans admin[stered by the Public
Empioyees Retirement Association oi Minnesota (PERA) aod the Rosemount VoluMeer Fire 1. Publlc Employees Retfrement Association(cont.)
Relief Association.In accordance with GASB Statement No.27,the PERA plans are classified
as mulUple-empioyer,cost-sharing plans, and the Association's pian is classified as a single- a. Plan DescripUon(coot.)
employer plan. There are different types of annuities avallable io members upon retirement.A
1. Public Employees Retirement Assocfation normal annuity is a lifefime annuily that ceases upon lhe death of ihe retiree-no
survivor annuity is payable. There are also various types ot Jolot and survivor
a. Plan Description annuily options available which wtll reduce the monlhiy normal annuity amount,
because the annuiry is payable over joint lives. Members may aiso leave their
All Tull4ime and certain part-time employees of the City of Rosemount,Minnesota contributions in Ihe tund upon termination of public service in order to qualify fo�
are covered by detined benefit plans administered by the Public Employees a deferred annuity af retirement age. Refunds o(contributlons are availabte at
Relirement Association of Minnesota (PERA). PERA administers lhe Public any Qme to members who leave public service, but betore retirement benetits
Employees Retirement Fund(PERF)and the Public Employees Police and Fire begin.
Fund(PEPFF)which are cost-shariag,muitiple-employer retirement plans.These
� piaos are established and administered in accordance with M(nnesofa Stafues, The benefit provisions stated in ihe previous paragraphs of this section are
� Chepters 353 and 356. current provisions and appiy to active plan participants. Vested, terminated
WO employees who are eMiqed to benetits but are not receiving tham yet are bound
PERF members belong lo either the Coord{nated Plan or the Basic Plan:
by tha provislons in eifect at the time ihey last terminated their pubiic service.
Coordinated Plan members are covered by Social Security and Basic Plan
members are not.All new members must paAicipate in the Coordinated Plan.All PERA issues a publicly ava(lable financial repatt that includes financial
police otficers, firetighters and peace olficers who quaiify tor membership by statements and required supplementary informaQon tor PERF and PEPFF.Thal
staWte are covered bythe PEPFF. report may be obtained by wriQng to PERA,514 St.Peter Street#200,SL Paul,
Minnesota,55102 or by calling(657)296 7460 or 7-800-652-9026.
PERA provides reliremenl benefits as weil as disability benetits to members,and
benefits to surv(vors upon death of eligible members.Benefits are esteblished by b. Funding Policy
State Statute, and vesl attet ihree years of credited service. The defined
retirement benetits ate based on a member's highest averege salary for any five Mlnnesota Statutes Chapter 353 sets the raies tor employe� and employee
successive years of ailowable service,age,and years of credit at termination oi contributions. These statutes are established and amended-by the state
IegfslaWre.The City makes annual contributions to the pensfon plans equal to the
service. amount required by state statutes. PERF Basic Plan members and Coordinated
Two methods are used to compute benefits for PERF's Coordinated and Basic Pian members are required to coMribute 9.10°h and 5.10°�,respectively,of their
Plan members. The retiring member receives the higher oi a step-rate benefit annual covered salary.PEPFF members are required to contribute 8.20°k of thefr
accrual formula(Method 1)or a level accrual formula(Method 2).Under Method annual covered salary. The Cily oi Rosemount is required to conttibute the
1, ihe annuity accrual rate(or a Basic Plan member is 2.2 percent of averege foliowing percentages of annual covered payroii: 11.78°k for Basic Plan PERF
salary for each ot ihe first t0 years o/service and 2.7 percent for each remaining members, 5.53% for Coordinated Plan PERF members, and 9.30% for PEPFF
year. The annufry accrual rate tor Coordinated Plan member is 1.2 percent of inembers.The Cfty's contributlons to the Public Employees Retirement Fund for
averege salary for each of the first 10 years and 1.7 percent for each remaining the years ending December 31,2003,20D2,and 2001 were 5751,312,5138,318,
year.U�der Melhod 3,the aonuity accrual rete is 2.7 percent of average salary and $117,830, respectively. The Ctly's contributions to ihe Public Employees
tor Bas(c Pian members a�d 7.7 percent tor Coordinated Plan members for each Police & Fire Fund tor the years ending December 31, 2003, 2002, and 2001
year ot service. For PEPFF members,the annuity accrual rate is 3.0 percent tor were 5106,388,s95,598,and 588,520,respectively.The City's cootributions were
each year of service. For all PEPFF members and tor PERF members whose equal to ihe coniraclually tequlred conhibutfons tor each year es set by state
annuity is calculated using Method t, a(ull annuity is available when age plus statute.
years of service equa� 90. A reduced retirement annuity is also available to
eligible members seekiag eady retirement.
, � �
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CITY OF ROSEMOUNT
CITY OF ROSEMOUNT
NOTES TO FINANCIAL STATEMENTS
December 31,2003 NO7ES TO FINANCIAL STATBMENTS
December 31,2003
� NOTE V—OTHER INFORMATION(COflt..� � � � � . � �
� � NOTE V-OtHER INFORMATIQN(COf11.) �
A. PENSION PLANS(COfil.) � � � � � �
� � . � A. PENSION PLANS(COO�.)� � � �
2. Rosemount Fire Department Relief Associatlon-Deflned Benefit Pension Plan
2. Rosemount Fire Department Retief Association-Defined Benetit Pension Plan
a. Pian Description (conlJ
7he City of Rosemount contributes to the Rosemount Fire Department Relief c. Annuai Pension Cost and Net Pension Obligations(contJ
Association Pension Plan; a single-employer retirement system administered by
the Rosemount Fire Department Reliet AssociaQon. The Rosemount Fire The following actuarial assumptions and methods were used:
Department Relief Association provides a lump-sum benefit to its members upon
retlrement,total disability or death.These benetit provisions are established and Actuarial cosl method N/A'
can be amended by the Rosemount Fire Department Reliet Association's Board Inflation rate N/A'
of Trustees with approval by►he Rosemounl City Council.The Rosemount Fire Investment retum N/A'
Departmenl Relief Associatlon issues a publicly available financial report that Projected salary increases N/A'
includes financial siaiements and required supplemeMary iniormation for the Postretirement benelH increases N/A'
Rosemount Fire Department Relief Associatbn Pension Pian.That report may be AmoAization method N/A'
m Amortization period N/A'
� obtained by writ(ng to City of Rosemount, 2875 145 Streel West, Rosemount,
, Minnesota 55068-4997,or by calling(651)423-441 L
W ' Items are not available because no actuarial valuetion was required by
� b. Funding Policy Minnesota statutes.
The contributioo requirements are eslablished and may be amended by the The annualpension cost for the Rosemouot Fire Depariment Reliei Association
Minnesota State Legislature:7he Rosemount Fire Department Reliet Association Pension Plan for fhe year ended December 31,2003 were as foilows: ,
is comprised of volunteers.There(ore,there are not covered payroll amounts or
member contributions requfred.Individuals with at least 20 years ot service who Amount
have reached age 50 ere entitled to a lump-sum payment oi$3,000 per year ot State of Minnesota contributlon 3 79,949
service. In the event an otherwise qualified member has less than 20 years of City of RosemountcontnbuUon 135,000
service,the member is eligible for a pension payment of 40 percent after 5 years
of service, increasing 4 percent for each year of service a(ter 5 years to a = 214,949
maxfmum of 700 percent.Members retlring before 50 do not receive distributions
until age 50,but inleresl at 5%per year is added to their retirement benefit uNil
paid. Three Year Trend Information
a Annual Pensfon Cost and Net Pension Obligations Fiscal Year Ending Annual Pension Percentage of APC Net Pension
Cost Contribution Obligation
Financlal requirements ot the Association are determined based on a formula 1APC)
prescribed in Minnesota Statues 69.772.Those statutes prescribe a set amount
of funding, per 5100 of lump-sum benefits payable per year of service. For 2003 $ 2i4,949 700A °k $ A
associations with assets exceeding the statutory pension liability, the tinancial 2002 798,378 100:0 0
requirements shall be the increase fn the statutory pension Ilability tor the next 2007 80,303 100A D
year over the current year, reduced by an amount equaf !o one-tenth o( the
surplus. Fo�associations with a de(icit of assets to (und the statutory pension A iormal actuarial valuation is not required by Minnesota Statutes because the
Iiability,the financial requirements shall be the increase in Ihe statutory pension penslon benefit is a lump-sum distributlon.The formula used to compute pension
liability for the next year over fhe current year,increased by an amount equat to contributlons requirements is substantially the same as that used to determine
one-tenth the deiicit. The City's minimum obligation Is the financial requfrement the standardized measure of the net pension obligation.The computation ot the
tor the yea►less anQcipated state aids and interest on invesimenis calcutated at pension contrfbution requirements (or 2003 was based on the same formula,
a rete oi 5 percent.The actuarial value of assets was determined using fair value. funding method and other factors used to determine pension conlributions
requiremenis in previous years. -
CITY OF ROSEMOUNT CITY OF ROSEMOUNT
- NOTES TO FIMANC�AL STATEMENTS
December 31,2003 NOTES TO FINANCIAL STATEMENTS
December 31,2003
� � NOTE V—OTHER INFORMATION(COlit.� � � � � � �
� . . � N0T8 V—OTHER INFORMATION(COOt.)
� A. PENSION PLANS(CODi.) . � . �
� � . � . � .. � C. COMMITMENTS AND CONTINOENCIES
2. Rosemount Fire Department Relief Association•Defined Benetit Pension Plan From time to time,ihe City is party to vatious pending claims and legal proceedings.Aithough
(coot.) the outcome oi such matters cannol be forecasled with cerlainty, it is the opinion of
d. Required Supplemeotary Informatlon,Schedule of Funding Progress managemeot ihat ihe likelihood is remote that any such claims or proceedings will have a
material adverse effect on lhe City's financial position or resulls ot operalions.
Ten-year hisforicai trend iniormation is presented in Ihe Rosemount Firefighters The City has teceNed federal and slate grants for specific purposes that are subJect to review
Reliet Associatton's Annual Financial Report ior the yeer ended December 37, and audit by the grantor agenciea.Such audits could tead to requests for reimbursements to the
2003.This toformation is useful in assessing the pension plan's accumulatlon oi g�antor agency for expendilures disallowed under terms oi the grants. Managemenl believea
sufficienCassets to pay pension benefits as they become due.
such disallowancea,if any,would be immateriaL
The following hislorical irend intormation was obtained irom the Associatfon's
tinancial reporl tor ihe year endedDecember 3t,2003. Funding for the opereting budget of the City comes irom many sources,including property taxes,
Assets as a Overiunded grants and aids from other unils of government, uset fees, fines and permits, and olhet
Aggregate Percentage (Underfunded) miscellaneous revenues.The State oi Minnesota provides a variely of aid and grent programs
Valuation Valuation Accrued o(Accrued Accrued which benefit the Ciry.Those aid and grant programs are dependent on continued approval and
� Date Assets Liabiiities Liabilitfes Liabilities tunding by the Minnesota governor and tegistature,ihrough iheit budgei processes.The State ot
Minnesota is currenHy exper(encfng budget problems,and is considering numerous ailematives
N 12-31-03 7,495,875 1,440,686 104 55,789 induding reducing aid to local govemments. Any chaoges made by ihe State to tunding or
12-31-02 1.18fi,341 1,302,563 90 (136,222) eligibility oi local a(d progrems could have a significant impact on the tuWre operating results of
12-31-Ot 1,002,211 906,561 111 95,650 the City.
Computations ot the unfunded net pension obligaUon and employer coMributions
as a percent of covered payroll are not appticeble since the fire depariment is a
volunteer orgaNzalion and no covered payroll exists.
e. Relaled Party Trensactions
As ot December 31,2003 and for the year then ended,the Association held no
securities issued by City or other related parties. -
8. RISK MANAGEMENT � � . �
The City is exposed to various risks ot loss related to lorts;theft ot,damage to,or destruction of
assets;errors and omissioos;workers compensation;and health care oi its empioyees.The City
purchases commercial insurance and partiGpates in a pubiic entity risk pool called the
Minnesota league of Cities Insurance Trust to provide coverage tor ihese varfous risks ot loss.
Settiements have not exceeded coverages tor each oi the pest fiscel years.
The City has established an internal service fund(Insurance Fund)to account for and tinance
uninsured risks oi loss related to torts,thefl of,damage to and deslruction of assets,including
deductibles.The majority of the Ctty's general Iiability and workers compensation insurance
premiums are paid for by this fund.At Decembet 31,2003,Ihere are no claims IlabOfties in the
losurance Fund based on the requirements of Governmental Accounting Slandards Board
Slatemenl Number 10,wMch requires that a Iiability tor claims be►eported if in(ormallon prior lo
the issuance ot the fina�cial statements indlcates ihat It is probable a Iiability has been incurred
at the date ot the financial statements and Ihe amount of toss can be reasonably estimated.
. , ,, �.
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For purposes of compliance with Rule 15c2-12 of the Securities and Exchange Commission,
this document, as the same may be supplemented or corrected by the fssuer from time to time
(collectively, the "Official Statement"), may be treated as an Official Statement with respect to
the Obligations described herein that is deemed final as of the date hereof (or of any such
supplement or correction) by the Issuer, except for the omission of certain information referred
to in the succeeding paragraph.
The Official Statement, when further supplemented by an addendum or addenda specifying the
maturity dates, principal amounts and interest rates of the Obligations, together with any other r
information required by law, shall consti#ute a "Finaf Official Statement" of the Issuer with `
respect to the Obligations, as that term is defined in Rule 15c2-12. Any such addendum shall,
on and after the date thereof, be fully incorporated herein and made a part hereof by reference. .�,
By awarding the Obligations to any underwriter or underwriting syndicate submitting a Proposal
therefor, the Issuer agrees that, no more than seven business days after the date of such
award, it shall provide without cost to the senior managing underwriter of the syndicate to which
the Obligations are awarded copies of the Official Statement and the addendum or addenda
described in the preceding paragraph in the amount specified in the Terms of ProposaL
The Issuer designates the senior managing underwriter of the syndicate to which the
Obligations are awarded as its agent for purposes of distributing copies of the Final Official
Statement to each Participating Underwriter. Any underwriter delivering a Proposal with respect
to the Obligations agrees thereby that if its bid is accepted by the Issuer (i) it shall accept such
designation and (ii) it shall enter into a contractual relationship with all Participating
Underwriters of the Obligations for purposes of assuring the receipt by each such Participating
Underwriter of the Final Official Statement.
No dealer, broker, salesman or other person has been authorized by the lssuer to give any
information or to make any representations with respect to the Obtigations, other than as
contained in the Official Statement or the Final Official Statement, and if given or made, such
other information or representations must not be relied upon as having been authorized by the
Issuer. Certain information contained in the Official St�tement and the Final Official Statement
may have been obtained from sources other than records of the Issuer and, while believed to
be reliable, is not guaranteed as to completeness or accuracy. THE INFORMATION AND �
EXPRESSIONS OF OPINION IN THE OFFICIAL STATEMENT AND THE FINAL OFFICIAL
STATEMENT ARE SUBJECT TO CHANGE, AND NEITHER THE DELIVERY OF THE
OFFICIAL STATEMENT OR THE FINAL OFFICIAL STATEMENT NOR ANY SALE MADE
UNDER EITHER SUCH DOCUMENT SHALL CREATE ANY IMPLICATION THAT THERE HAS
BEEN NO CHANGE IN THE AFFAIRS OF THE ISSUER SINCE THE DATE THEREOF.
References herein to laws, rules, regulations, resolutions, agreements, reports and other
documents do not purport to be comprehensive or definitive. All references to such documents
are qualified in their entirety by reference to the particular document, the full text of which may '
contain qualifications of and exceptions to statements made herein. Where full texts of
documents prepared by or on behalf of the Issuer have not been included as appendices to the '
Official Statement or the Final Official Statement, they will be furnished on request. :
Any CUSIP numbers for the Obligations included on the Addendum to the Official Statement
are provided for convenience of the owners and prospective investors. The CUSIP numbers for
the Obligations have been assigned by an organization unaffiliated with the Issuer. The Issuer
is not responsible for#he selection of the CUSIP numbers and makes no representation as to
the accuracy thereof as printed on the Obligations or as set forth on the Addendum to the
Official Statement. No assurance can be given that the CUSIP numbers for the Obligations will
remain the same after the date of issuance and delivery of the Obligations.
OFFICIAL STATEMENT DATED MAY 10, 2005
Ratings: Requested from Moody's
NEW ISSUES Investors Service
In the opinion of Bnggs and Morgan,Professional Association,Bond Counsel,based on present federal and Minnesota laws,regulations,rulings and decisions,at the time of their
issuance and delivery to the onginal purchaser,inte�est on the Obligations is excluded from gross income for purposes of United Stafes income tax and is exduded,fo the same
extent, in computing 6oth gross income and taxable nei income for purposes of State of Minnesota income tax(other than Minnesota franchise taxes measured by income and
imposed on corporations and financial institufions),and is not an item of tax preference ior purposes of the federe!altematrve minimum tax imposed on individuals and corporations
o�the Minnesota alternative minimum tax applicable to individuals, estates or trusts;provided, however, that for the purpose of computing the federal alternative minimum tax
imposed on corporations,interest on the Obligations is taken info account in determinrng adjusted current earnings. No opinion will be expressed by Bond Counsel regarding other
federal or state tax consequences caused by the receipt or acc�ual of interest on the Ob/igations or arising with respect to ownership of the Obligations. See"Tax Exemption"and
"Other Federal Tax Considerations"herein.
City of Rosemount, Minnesota
$2,630,000 $1,535,000
� General Obligation Capital Improvement General Obligation Equipment Certificates
� Plan Bonds, Series 2005A of lndebtedness, Series 2005B
(the "Bonds") (the "Certificates")
� (collectively referred to as the"Obligations" or the "Issues")
(Book Entry Only)
Dated Date: June 15, 2005
The Bonds will bear interest payable each February 1 and August 1, commencing February 1, 2006, and will mature
February 1 as follows:
2007 $ 95,000 2011 $110,000 2015 $130,000 2019 $150,000 2023 $180,000
2008 $100,000 2012 $115,000 2016 $135,000 2020 $155,000 2024 $190,000
2009 $105,000 2013 $120,000 2017 $140,000 2021 $165,000 2025 $195,000
2010 $105,000 2014 $125,000 2018 $145,000 2022 $170,000
Proposals for the Bonds may contain a maturity schedule providing for a combination of seriat bonds and term bonds. All
term bonds shall be subject to mandatory sinking fund redemption and must conform to the maturity schedule set forth above
at a price of par plus accrued interest to the date of redemption.
The Certificates will bear interest payable each June 1 and December 1, commencing December 1, 2005, and will mature
June 1 as follows:
2006 $290,000 2007 $300,000 2008 $305,000 2009 $315,000 2010 $325,000
The City may elect on February 1, 2016, and on any day thereafter, to prepay theBonds due on or after February 1, 2017. AII
prepayments shall be at a price of par plus accrued interest. The Certificates will not be subject to redemption in advance of
their respective stated maturity dates.
Common to Both Issues
The Obligations are general obligations of the City for which the City pledges its full faith and credit and power to levy direct
general ad valorem taxes. Additional sources of security for the Obligations are discussed herein.
� A separate proposal must be submitted for each Issue, along with a certified or cashier's check or a Financial Surety Bond, for
not less than the amounts shown below. Proposals shall specify rates in integral multiples of 5/100 or 1/8 of 1%. Rates must
be in level or ascending order. Award will be made orr the basis of True Interest Cost(TIC).
. Minimum Bid Good Faith Deposit
The Bonds $2,595,810 $26,300
- � The Certificates 1,526,557 15,350
: The City will designate the Obligations as qualified tax-exempt obligations pursuant to Section 265(b)(3) of the Internal
Revenue Code of 1986, as arnended. The Obligations will not be subject to the alternative minimum tax for individuals.
The Obligations will be issued as fully registered Obligations without coupons and,when issued, will be registered in the name
of Cede & Co., as nominee of The Depository Trust Company ("DTC"). DTC will act as securities depository for the
Obligations. Individual purchases may be made in book-entry form only, in the principal amount of $5,000 and integral
multiples thereof. Investors will not receive physical certificates representing their interest in the Obligations purchased. (See
"Book Entry System" herein.} U.S. Bank National Association, Saint Paul, Minnesota will serve as registrar (the "Registrar")
for the Obligations. The Obligations will be available for delivery at DTC on or about June 23, 2005.
PROPOSALS RECEIVED: May 24,2005(Tuesday) until 11:00 A.M., Central Time
AWARD: May 24,2005(Tuesday) at 6:30 P.M., Central Time ,
� Further information may be obtained from SPRINGSTED
S p r i n g s t e d �ncorporated, Financial Advisar to the Issuer,380 Jackson Street,
Suite 300,Saint Paul,Minnesota 55'101-2887{651)223-3000
�
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Submitted by: �
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, Pedersen Ventures, LLC
In a joint venture with
' Dr. Kurt Hansen, Hansen Properties �
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. ��21EN�a MUELLER H�WAS�, . .. �
� � .�a ���. «.,��.,.a.,��,a�� y � �
• CONSTRURION LEADERS ' � � v M E ti
Apri15, 2005 py,;,���,,, � ,����� � _
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�tarch 3U. ?Ot)�
� �����
�1s. Kim I.indquist, Cc�rnmunit�� Devek�pment Dir�ctc?r
� Citv of Rosemount
?$75 1�{th Street
R«semc�unt. MN. ��tJ68
jD�ar Lis. I_indquist:
� Please consider this letter as a transrnittal letter tior the information reyu�sted in y=our
RFQ s�nt to tirnis int�r�,sted i�z the [7�cawntow�Rosemc�unt Kedevelapment Projeet.
�1s requested, we har��e submitted, under separate caver, tinancia( infarmation dir�ctly to
� El�lers & .Asso�i3tes. V4'e w�elec�me any questions which the}�might have,
Our t�an� �-����ntr �vill he a jc�int �enture fUrmed btri��e�n Dr. Kurt Hansen ancf Pedersc.n
' ��'entures, ��ith Pedersen �'�ntures acting as the rnanaging partner. Uur constructi�n team
meml�er is PC:L Constructic�n. V�'e ha�-e inclucied a broehure ex}�laining their
�ualitications and experiences. Danirl J. �'�irien, with th� architectural tirm i�f Krech
iC)'�3rien 1�lu�ller& V�'ass, Inc., is our conceptual architect. His��isionin� narrative and
c�nceptual site plan are attached.
� C)uc project manager f�r this e�fc�rt is Diek .All�ndorf. Dick spent 17 years as
De��elopment Manager for Opus Gor�oration, managing the devc:l�pment c�f�rojects in
Daw�nto��-� '�iinneapc�lis and in th� suburbs. :4s an independ�nt contract�r, Dick
� assembled l�3 acres afresidential property in Brookty�n Park for th� Minnesota
Orchestra's amphitheater project. Dick is currently� the project mana�er for Pedersen
� Ventures' 61 acre Farmin�tc�n project. ;
��rhil� the accampany�ing �naterial is directr:d toward tl�e rede���lc�pment of Core Block
East, [ cia u�ant y�i�and the Port Authorit}-tv l:ntr�ti that w�: alsa hati•e interest in w•arking
t «°ith Rasemc�unt on the entire De�elc�pmcnt �`rame�;•ark. Our team has the experiencc,
capacity an�l �yillingness to do an �xcellent rede�r�lopment on Core Bloek East, and cami
that ti�ision thrc�u�h�ut da�r�mto�a�n Rusemaunt.
� W e look fc�r���ard ta �i�orkins� 4vith vou.
�
Sincer��v�
, ^C��
� �Rot�ert P�tner. resident
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f'�D£KS�ti 1'£NTta{t�S. LLC
t a�8s t �N£�Z6Y �K'AY • �k�f'L� VALL£Y. MN 55 t 24
, f'HUN�: 95E-432-2445 • fAX: 952-432-'74�31
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1 ��-�����.
I 1'CU�H��;N VENTUItES, LLC
� 13uildir�� and lmpravin� Commianities Thr�u�l� Effectiv� llev�ta�sment,
nwncrshin and Management of('ommcrci�l anci Inc�ustriai Real N;state
�
{'ederscn '��cntures, C.l.�', {1'V), locatcd �t 1��31 F:ner�y Way, Apple Valtey, is
� tl�c ��rci��ier e.ori�nierciaE ary�i industria( dc:�.��lup�;r south c�f th� h1in���sc�la Riv�r. 'l�he
P�c1e�r:;e2� t�n►Yiily hf�s, �»•er tl�e patit 2(l years, plati��1 an inllucrnti�rl r��lc in tEi��ii�si��i �nc�
cicv�l�ap►nent uf thc A}��1� Valle-y cumrnunity. `I1i� Carnpan�''s invc�lven�enE in com�n«nity
, dev�lc�ptt�ertt extcnds �vt�ll b�y�c�nd nppl� Va11cy's bc�rci�rs. Other prc�jects inrlucic: the
communities af�;a�a��, I3t�rnsville, I��arfnin�;ton, l.,akevill�, {�:oates and Rc�semc�unt. �ven
th��u�ti th4 dcvcic��mrnt fi«cr�s c�l�th� C'c?mpany is sc�utl�<�f'thc Minnesot<i 12ivcr, 1'V built
� it��eiriy su�cc:ss in jc�int vex�ti�re�i��tl�����t�ent of all. ��r ne�trl�'t�il, mttro widc Nc�w
1 I��riruu/Kincl�rberry c��ycarc c�e►�1crs. ,tif(y t.ubes. Sher�vin Willi�ms. Pr4cisiun �E'imes
ac�d ma��r� c�tl�er siryglc buildir��; sites(sce �:xhibit A).l;ven thc�u�h thc carl�� y4�rs
includrel��utstatc m�;idcntial cievclup�n�nt and constnietic�n, thc C�ampany limits its
� resicl�ntial deve;l���mcr�t t�� jcrini ��cniiirin�higl� �nd c��n�lc7s. ��sc�ci��tec�1 �ti�ith anci ��r�af�
� t,��i, �i��„��y ►,��ti r,rt,4tnizatian prc�je�ts suci� as thc Ap�le Vall�y 1 iarn�any�
('c�mr��t�rtslll��t�nc��1�� `I"ri�n�le Prc>jeet, which is c:urrentl}� ��ncier devel��pment (s�e c�xl7ibit
! ��•
� t+irst and I�t►rer��ust, Ptdcrscn Vcnt�ir�s uunc�crst.inds th�t citvlc�c�m�nunitv
cl��•�Ic�pitt�t�t prt�j4et succt�;s cic'pends c�n cstahli4hin� tr�ist ti�r�»i};h Fl 4I114t'. 4�l)CCttll�
�•cl�iti��a�ship with th� c:ity c��uncil �t�c� staft: Sc�ondl��, experi�nct in ax�d .in uticlerst���ciin�
� ut'"I�i�h density" dev�l��tn�nf is essenti�l tc� succcss --- ���hcre the "�imenities" �a�1d '"Iecl"
��(�th� ar�a prcwides .�n "�xperienee" for the shk�pper, cliner or the tc;na��t. lt i��ust
repcatcdly crc:�te pr�scnc�, recc��;nitian ancl ti dr��«�. 'I'6irdlv. p�►rtnc�rin� �vith a (��r�G,
ex�eriei7cLci atici highly efiicient�ener�l cc�ntract��r is }�s�rar��c�unt. I'('1. ('c>r�structic�n (see
1 c�liibit Ll) l���s �vorked wit�i Pecler5en Ventures ��n I��r�e I��iO rnillic�r� rlus) �n� 4�na11 ($7
milli��n) �rc>jects such as the 1°armingtun prcajcci{sec:eYhibit C-), ancj a Nealth C1ub
�roject(sc�� �:xhibit C'�. "T`here ifi no �ie_ttcr p�rtner in �ur�sti�n��tic�n. I+i��all �, ttie ri�Mt
�, tcnant� �nust t�e li�un�t and Sf)�/>at�the t��tal tc;r�,�nt spaee must t�c; si���ecl ul� �ef�re
c��nsiructi�►n he.�ins. F'ecicrs4n Venturc�s h4t4 an�n���iahle r�:cr�rd i» sccurins�; �rc:-
1 c��nstructic�n letters t�f'intent ar�d corrtracts. Ct�rre��tly, PV ii� its vari��us prujects has aver
jl)i),f1()() s�u�rt feet ul�r�t��il ancl cc�m�nerciat spac� fc�r��rhich we �ire tindin�! tenants.
1'�Jc�tabl}� in lhe I�armin�tc�n prc�ject (sce exhibit C'j,we havc sc;curcd, thrc�u�h letters�f
i��tent, ��ver?0°/>i�f th� prc�j4ct's 3C1U,p0U square t�et c�f ccarnmercia) Kind retai! spacc;.
' (;r«tl�tcl hreakin� is sthedule�i t��c��mrnence in Jtutc c�F2{}I15. l)i�:k �1,llenclort, f'�e��:rs�r�
Vcnturc's [.e��sins� 1�1a��a�er h��4 h<�d tivrr 17 yr.�rs uf ex�erience ���itf� C?�us C`or�c�r�Uc�i�
, f'ED�EtS��i V�IYTt#F2t�.S. l.l.G
t h�31 EN�RfiY V��kY • �1faPLE VALL�Y. MN 55 t 2�1
' PHf}N�: 952-43�-2445 • �AX. 95�-4��-74�1
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� in b�Ch leasin� and ea'eet man��en�ent. I le rovid�;s PV leadershi in this i�n ortant
� p .l � P P P
� ilfit'il. �
A strc�ng tinarlcial f�undati�» ot'th� d�v�loper and iEs partr��:rs is antathcr essential
in�r�:ciicnt. !'c�lerstn V�ntur�;s is fin�►ncially strc�n�;. "I'hc tw�� largest c�f E'V's currcnt
� neojeats are Har���ily �nmmons wtaich is a thr�� phase �ar���ert estirnat�d �t$1�4? rnilliun
(Phase 1 under development is $3A rnillion),��nd Vermillion Kiver Cr�ssin�(F�rnYin�tan)
is a �45 rnillion pra�rct. �t'l�e Company's f'uziding �artn�rs �ncludc many of tlit Midwest's
I largest and ►nast respectecl t�inan�iril and inv�strne�t ba�7kin� insEitutions. G���pc�rt�ntly,
I'V w�rks h�trd aC ir�vulvii�� I��cal banks�r Mianclles tca the c�xt�nt they ar�capable un�cr
their lericiin� limits. E��ually ir��purtant �s the fii�anc-ial strength <�f c�ur Ce���traetar. PC�L �s
a hi�,i�ly respectcd n��tic�nal C�ristruction Campany th��t has Icc� pr«jecEs frc�in the �1�11 ��f'
1 A►i��rica to F31ack [? ir1 dc�wntc�wn Min��ca�lis. PCL alsa has been th� �enc,ral contractor
c�n many r�,c��izized prc�i�cts soutl� ofthe Minnesata Iti���r. I'edcrs�n Ventures �Y�d P('i.
are ��illin� t�� pr��vide thc i�eccss��r�� linrinci�il cic�cu�nentati��i� re�t�uir�;d t�y tlf4 I;UA.
� In summary, N�derser► Vent��res:
� *Is a prr��i�r cc►m�r»;rcial a��d indi►stria! re��l cstatc dcvelc�pc;r, ��itti extensiv�
ex�4ricn�t �n r,��;>>a��,��ty, ni�v urh��r� �1�vcli�pmei�t,
*f� hea�lyuart�r�d Ic�cally an�i focusts i,n ciry ar�d c<amtl�unity prc�jec;ts i��
� kh� lc?cal ar�a
*t'artners with PC"1_ Construc;tic�n in lar�;c and sitiall projects
*ls tinancially str�,n�
� *E�ias �reat interest in wc>rki�ig with R��s4nl�unt tca d�velc�p and huild a suucc�:ssful
n�w d��wt�tv�4�tt "vill��e" �x�erienc�
� Sinc�;rely,
�
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�� �� ��M�t�.�1
Kc� �n I',rner ...
� !'residcnt
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1 P�D£RS�N V�NTt1RES. LL�;
t 4fi31 FNF:R6Y 1�AY • �4P#'LE YAkLL�Y, MN 551'�4
� PHC?NE: 952-4;�2-�445 • F�kX: 952-4�32-7431
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� t'I:DEttSEN FAMILEY R.E. TRUST
l'E [�ERSEN V�NTUlZ�S, LLC'
NE?W �'f:NTUltY, INC.
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CtJN:N'1' PItQNlLE CU1�IMFRC.[AL t)EVELQPMENT PROFI�.�
1 AUT�MO�'1Vf�: SFRVICE: OWN�U/t)E;VF:Lt)YE[)
t�irc:stc�nc AUIC)MiIX Midwest Auto Malis 'I'hr�ughout Metro Arc�--SO,00t1 s�.ft. Auto Service
Tire:s Nlus Abbra Dody (ialaxie C'c�mmons—Apple Va{ley, MN
� 1it'Fy t.ube TSVKennedy Name Depot---�P�nnicle Rtcige—Apple Vallcy. MN
Valvaline[,ut�e Pr�cistiic�n'Cunc Ccdar Ave.Centcrs --Aplc Valiey. MN
Midus liatteries Nlus Hay and Bay Truck ferminals-�—RosemUunt, MN
Gac�clyear Wayne'1"ranspc�ri'1'erminial---Rusernount,MN
, Plymauth l'Jt�ice t7evelr�pment--F'lymc�uth, MN
f;AS CUNVIENCE
� Super America Conncc� UNDER�EVEL.OPMEIYT—OWN /MIX ll��±:
Molida�y Sinclair Narrrrony Comn�ons(I50,(�C1Q plus Retail I 3QCl Flus C<>n�in's
Am<3cu Citco VermiAic�n River C:rc�ssing(F'arnrington,MN)
Gu:�t�s City Commons(Coates,MN)
� Markgraf Commans/Kinderberry Ffill( Wc�aibury,MIV )
New Horircros C�aycar�s---Apple Valley, MN&E'rit��I.ake, MN
� R�TAtL SERVtC�:S
V�11cy Cleaners �`I`t'Celtutar RESInENT1AL HC)USINC� PCtUFILF;
Hirshfiel�is T*lextel APARTM�N7'S-1brou�chout Midwcst MN,NU,SU I(),CX1U Plus tJnits
Sl��nvinWilliams N,W.1[ealthClub Rentals--()utstate
� �'umiture War�huuse CrandSt�y Wc�tel CUNIH)'S 300 Units Marina Tawers----Fort Meyer, Ft,
Frito I,ay Americ Inn "1"own Squire Gommunities-�-Fargo&W. Fargo,ND
St�r Tribune CWuntry Inn Brttndywor�d Luxcry Cortdo'�---Fargo,ND
� �INGLE FAM. North Dak�ta, Mia��cs<�ta _-J00 Plus Flc�n��s A Year
A Leader in Single F�amiley
DAYCARE SFRVICES NON PRQFIT Communiry Homes C)evelopmcnt, LLC
New Narizons Kindcrcare Afordable}{ousin�---MN, ND. S[)
' Childrens Wvrld Caara�e Genters Luthern Hausing Cq�tlitie�n—W:�st�in};Ca�i,UC;
Kjndcrlxrty yil► F.1�1erly,Nursing,S�nior Mousin�, l�evelopments
� RESTUANANTS HOUS�Nt: LANU
Fajit�s S.W.Grille Cauntry Kitchen DEVE[�UPMENT
Perkins EI Aztcc tiALES............. I:a�an, Ftuse:n�uunt,l.akeville,Caales, Prior Lake,
C:ulvcrs Milio's Applc Va11ey, 1�t►rmington, Jorcian/Bell F'iain
� ���nr�C'ot�'ce BUILUE:R�...,... !'utte,1)R Hortc�n, Ryl�nc�,Ceertex. Wensm�n��
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� PEbERSEN VEI�TUft�:S. GLG
t 4��t �N��{CY 1�[AY � A.�flE.� Y�k�LEY. iNk� 55t 2�!
IPN()N�:: 95Q-43�-2445 • �'s4X: 952-432-?A�31
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NEllE1tSEN-WENSMANN, l.l.t'
Fl,tlt"�1t}�wl� ('t)ii�l()^vti
' �. �����1.-���h c t�iz�v��:i� � ���'L����
nr���t.F vAt,r,H,v, n�tcv
� �fhc crcatic�n c�t'the Central Villa�c of Apptc Valley includes our Harm�ny Cc►mmc�ns
[.�ndmark C'carncr. "1'hc followin�npres�;nts a quick overview c�[�the new cvolution of
�3c�wntc�wn A�apl� Valley with thi creatic�n ot�a mixed use, hi�h density devela�ment that has
� all the amenities a[�multi-story, mixeci-u� buildings. With �c�nds, wat�:r Ceati�res, �arks,
walkin�,paths, bikc� racks with a walkin�, w�rking ancl livin� in an urban ty�c:. settin�with
minimal sctbacks dnd strcet orientation. Allowing Apple Valley a cc�mplementary supplernent
� te�the already existing vihrant ciowntc�wn area. With our r�tail,ol'tic�and condan�iniurY�
mixture ihat successfully inc�r��rate the fi�llowing.
' • Nrovide diversc;and intergenerationa) livin�;throu�h a variety ofmuiti housing typ�.:�.
• Im�rc�ve access and c���nn�ctivity throu�;h �rc�vidin�a balance of't�th �edestrian cK�
vehicular traFfie by creating a walking riei�ht�c�nc���d environn�enl thak is attractivc,
� distinct and ha.s a stron�,sen�c�f place.
• I�acilitatc integratcd mixed-usc develc�pment thrau�h use of urban dtsi�;ns with
recluc4d setbacks, incrcased hci�hts, parkin�stnactures, sharecl parkin�t� strer.t
� parkin�;tr�accc�mplish huildin�mass xnci c�rit�ntatic�n tc�the strc.�et.
• t lsc ot�innovative stc�rm water proc��tures such as retentic��cic7se tc� sc►urcc;, ve�ei��tive
intiltrati�n hasins, �rmeabl�; �aving, site �radin�; #br runol'f�f�r an aestheticall��
1 pleasin�; mancar,
+ Com�iine �reen spaces and recr4ation�tl resc�4rrce�t<i wc�rk with �li(�erent activities.
• Ucvelap cc�st�;f�ectiv�: ��rking strate�ies alan�area's of�shared parkin�& parking
� structurf;s lh�i will sup�rt and allow f'ar hibher c�cnsity's s�nd re;ducc the numbc;r of
parkin� spac4s fi�r th�developm�nt anci lanci arca thxt's sc�lely tor p�rkii�g in today's
suburhs nt�w.
' • With the intrc�ration c�fa onc way systcm to ef�cctiv�iy and effortlessty move traff�ic
thrau}�hc�u1 the dawnlc�wn area and cunnec:t the ather area's of the:city.
� The�x�itin�creatic�n�t this tle�wntawn area thrc�u�,h creating a it�ixec�-u�.:��t' iirst flut�r hi�h
cnd retail new to this arca. '!'o�tfice and �r resider�tiaf on multiple �lc��rs abti»•e the retail,
consis�ing ut�t«wnhouse, brnwnstan� style cc�nd�minium:�with old town tlavnr with a mixin�
' c�f hi�;h-end, mc�erale and alic�rclat�lc r�sidential livin�;& we�rkin�and relaxin� in this new
c�owntt�wn af Apple Vallcy, MN. CreaUn�that living G�nd wc�rkin�
� cn�ironment.
I{acm�my Cummons is a maj�r addition to thc n�w downtawn af Applc Vall�}+'s ecnkral
vi!lage prajeci. C�nsistin� of��+pproximately 26 acres. When cc�mpleted, has ISQ,(lOU scl. Ct.
, retail. 344 dwellin�units and �i 77 rac>m high-entl h��tel, alan�; with a 3 acrc unc�ergrc�und
parkin�stru�iurc bclaw�ur two retaillc��radon�inium buildir�gs anc� the hc�tel huilding.
C'�ansistin�;ofi 3(�?stall parkin�; with the cc�ndc�minium and hc�tel bein�;secured with separatc.
, entry frc�m thc remaining 12fi public �arlcing parti�n that is within thc ccntcr of th4 pz�rkin�;
titructtirc, with walk-un titairs and cic:v�ic�rs to the rttail levcls, with private el�vators tci acc�:ss
, P�D�ERSFN Y�NTUR�S, I.LG
14$:31 ���R�Y �Y�Y • I�PPLE V�tLLEY, MN 55124
� PHQN�: q52-4:3�'-2445 • �AX: '�5�-432-?431
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, the cundominiums and hotcI areas. Our cievelapment received the largest Met C'�uncil grant
ever�iven put in a sin�,le�,�rant to achieve what is to be the largest single surface under�raund
, parkin�structure in the area,castin�aver 7 miilion dallars ta construct with a t�ta!
development cost of over 3Q mil(ion doilars far the first phase of the"?fi acre develvpm�nt an 3
acres starting this sprin�2005. Convenienily placed amongst a walking path system,
' incorporating pondin�, park land with water features,water falts, gazeboes,benches and bike
racks, with a year around use and enjoyment, with parking intre�:rated in a very unotst:rusi�°c,
easy and close to alf rnixed uses that compliment the walking and livin�environment that we
� all want and enjoy in today s tife styles.
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IP£D�RS£N Y£NTUR�S, LLC
l 4$3 t �NER6Y Wa�EY • �t�PL£ 1�'l4LL£1�, MN 551 24
� g�{ON�: 952-432—E445 • f�tX: 952-43�—?-0�3 t
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��--U'�` � � � VISION STATEMENT
�.�
'�.
� �„ � �� '� �: �� The City of Rosemount today recognizes a special opportunity to re-
y ,� ��� articulate itself as a unique and charming town in a prairie of look-
.�K:�µ
� �, .�- alike suburban cities. With roughly 150 years of history to draw
, from, as well as a rich and colorful Irish heritage, the time has come
�`" to merge the rightfully high expectations of the community with a
viable, sustainable,business model for Block East.
� THE GUIDING PRINCIPLES FOR BLQCK EAST-
� PEDERSEN/HANSEN
We are in complete accord with the guiding pnnciples set forth for
"�`� ��V ` Downtown Rosemount by the 2004 Development Framework. They
��. ����;
�d� are as follows:
v�#YA���., x r� �'o� .e„ �Y. ,� -
"¢'". .� ��..1C�c" ` .. !k�.
� `� {� MAINTAIN DOWNTOWN AS A PLACE OF COMMERCE
.�;;�. .� ��
Our concept, like all of the Pedersen commercial developments, is
� designed and constructed from the vantage point of securing solid,
long-term leases with viable local businesses. In fact, our experience
teaches that location, design and lease structure are equal keys to
� growing a tenant's business. We intend to continue this tradition on
Block East.
' �'"'�` - �=�`�"` USE HOUSING TO KEEP DOWNTOWN VITAL
_, '��Y ,�I�� . .
' -� ❑ There is a community thirst to return to downtown dwellings. A
� n �� � °:��#� �;; quick scan of the condo activities in Minneapolis and St. Paul, as
� �# ' well as dozens of new urbanism efforts across the metro area bear
witness to this trend. Rosemount's advantage over most suburbs is
' clear-there is ALREADY a real downtown in place. Our concept
is to build attractive housing within the context of a vibrant city
block, accessible to a range of ages and economic positions.
'
KEEP THE HERITAGE AND IDENTITY OF ROSEMOUNT
, ,___ Architecturally, this is a huge opportunity. The core of Rosemount,
` � both commercially and residentially, offers an extensive palette and
vocabulary of materials, colors, details and expressions that will be
' ��- ���� embedded into our final designs. Block East will be new, clean and
..
°� '" ' � strong,but easily blended into the preserved heritage of the
� � � � community.
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' USE PUBLIC SPACES TO ATTRACT AND DEFINE
� -" � Open spaces on Block East will not just be "included far content."
�;, '� �f Instead, they wi11 be carefully considered, tested and viewed from
. �� ��
j r �� �,� ��°'�` `�� ��°;� the perspective of access, comfort, incorporation into community
l��� �� N�'r�i x i� t�rEi�
�.- � .�'��! '� traditions, and tenant value. We see examples of underused public
i'� �� ���� � �,C�� i��i��li��
� � � � �����������.� �!� spaces all the time. Perhaps they were merely a concession to city
�- -�`� ��� demands, or an l lth hour appeasement to a planning commission.
, Our public spaces will be key amenities to the life of our businesses
and the families who live on Block East.
� ;�� 'i BALANCE THE NEEDS OF CARS AND PEOPLE
;,-�� ,
,, �� � ,'I , The word"balance"is well placed in the Development Framework.
` � '� For commerce in Downtown Rosemount will always require
r� �'�
��'�' ` automobile as well as pedestrian access. We intend to explore a
� � �� �'��` ` ������ ; variety of balance points for these needs—weighing each scenario
� --
' �;�� � ��k G �--� i � � against our tenant requirements and the desires of the families who
��� ���;�� �� j I � wish to live on and around B1ock East. We firmly believe that this
---- � �
� ; "',;r � j balance pomt exists and we will be very careful with this
� � ��
�. �� --„—��--_��_� t examination and expect to dialogue closely with city staff on this
critical matter.
'
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! Spirit of Pride & Progress
�
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,
' DOWNTQWN R�DSEMOUNT: A FUTURE TRAVELER'S TALE
' ��. :.' My travels on this long, hot summer day in July brought me to the town of
� > x,
��� ; � ; r - ��4 Rosemount, a bustling 150 year old town founded by Irish immigrants
: a , I�� heading west from New York and Chicago. To my surprise, I found a
;�����::
' ; :�, � �t ' ' wonderful city partaking in their annual celebration of heritage known as
�`�"1 �,,1� "Leprechaun Days." As I entered the city from the South,banners adorning
�� �
; the streetlights, which read, Welcome to
' � - ` Rosemount," greeted me. ` "�` ' ��, 4 °�
�;�� -'�":����.,�,
I parked my car on Block East and followed others more accustomed - �
1 to the festival schedule towards Main Street where the parade was ��, �� ;,, �;:s� ';� �
about to begin. The group I followed headed westward; following "�,;, �
,� �
the arrows marked Post Office.
' Followin the arade man of the citizens strolled back to Block East to a
g P , Y
' ' sort-of town square, a fantastic open-air space, filled with activities for
� — , �`�
� ...,.;,��y s F a ;�;� children, vendars selling produce from their summer harvest, and residence
. ���� � gathering to chat and share stories about life and ... I followed the crowd
�,���, ; � � ` from the parade route, mingling with a happy group celebrating their recent
, , 't � �� " victory in the "Bath Tub" race early this morning.
�;�,.�-,. ��
.�
�m � As I entered the square, a grand fountain - a cascade of water and spigots
, � spouting water that danced in the summer sun, immediately took me. I
�� approached the fountain and was rewarded by a dash of cool mist, a
" ' �' welcomed relief to the summer heat. I wiped my brow and looked around
' � � the square. Enclosed on all sides by buildings, it was like a grand ballroom
with the sky for a ceiling. I immediately felt a sense of safety and security;
' a home within the city. I could feel the pulse, like a heartbeat. This was were people gathered for
coffee and ice cream, where they exchanged ideas, laughed,played and meet to share and engage
in each others' lives.
iThe Farmers'Market shared a portion of the square that day. Corn on the cob and Shamrock Hats
seemed to be most popular amongst the locals. I was swept up by the town culture and soon had
' my own cob in hand and hat on my head. The Farmer's Market was once relegated to an empty
parking lot on the outskirts of town,but was embraced and given a place of permanence in the
heart of Rosemount during its recent downtown redevelopment.
� I spoke at length with a 1oca1 man who had been a resident for 24 � �� '
years. He was also largely responsible for bringing together the ��` N� �ui ` '
� team that transformed Rosemount from a working-class, car-centric t
_ �'�,, �
farming community to the beautiful, pedestrian-friendly town which :�� ,r ._3
I discovered today. I was shocked to discover that only a few short � } " �
' years ago, the main street was home to five gasoline stations.
,
'
,
, 6.�-__.._. . , __ "We wanted more than a face lift,"he suggested. "We wanted a place for
people to live, wark, and play together. A place for people to meet and
�� exchange ideas. A place that was safer and friendlier to those on foot than in
' ��' a car. We've come a long ways."
, Indeed, this city has managed to retain its original style and heritage within a
� �"��� ' sprawling metropolitan area. New buildings seamlessly blended with old. I
, could see unique flavor and character in each building. There were no bland
' facades across these entire blocks, despite their newness. There was foresight
�-�`�'�-b here, clearly. These were carefully crafted buildings, each a little different.
Designed and built with the intention of permanency and timelessness.
� _ � �� .
I was urged to visit the "Irish Cafe," a street-side restaurant quickly �
,���;; ` ;
becoming a must-visit establishment by the surrounding, more � � ;'
' suburban communities. The evening was warm and outdoor dining P ' ��
was a must;people watching was good. I was amazed to find small � ��' � � '� , �;�
treasures of public art at almost every corner. Some were small � �r�
' tributes to the town's heritage, others larger, climbable objects where � � �
children played. Rosemount was certainly intended for the walker- �
� t
walking paths were plentiful, led to destinations and were lined with
, gardens, benches and shade trees.
As the sun set, the locals gathered in central park and covered the emerald green grass around the
' amphitheater. Musicians played on stage. Children, with faces still painted, danced in the grass
while parents relaxed and enjoyed the show. A brilliant firewarks display provided a magical
backdrop to the concert, with flashes of colored incendiaries booming in the night sky.
' The next mornin as I drove north the old St. Jose h Catholic Church was a testament to the
S, , P
� city's desire to preserve the past while stepping into the future. The old church lives on as a public
library, providing access to knowledge to all that enter its doars. I would not encounter another
city with urban structure and quality like Rosemount before reachmg St. Paul, and even then, St.
, Paul doesn't have the community feeling I experienced in Rosemount. I will return again to
Rosemount.
� _
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SOUTH ELEVi°�TION scA�E:vs��-r-o�� ° x 16 32
� �KRECH OBRIEN,MUELLER H�WASS, INC.
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� . �cRos��o�NT
Master Redevelopment Proposal "Block East"
' CONSTRUCTION LEADERS Rosemount, Minnesota
, COMPANY PROFILE
History of the Firm PCL Construction Services, Inc. is one of North America's largest and
' most diversified construction firms. Founded in 1906, the company
specializes in medical, high technology, institutional industrial and civil
construction. Quality construction, strict cost and schedule control, value
, engineering and professional work ethics has resulted in thousands of
� -- satisfied owners,many of who have been clients of PCL for more than a
�` `' �= --L� � ��' quarter of a century. PCL's annual construction volume exceeds $4.0
1 � � billion.
� � �
a��� '� '
Geographically PCL operates throughout North America. Our United States
� Mystic Lake Hotel Phase I&Il,
Prior Lake,Mrr Head Office is in Denver, Colorado,with district offices in Minnesota,
California,Arizona,Florida, Colorado and the State of Washington. Vice
' "completion on time and President/District Manager, Fred Auch,heads our local office.
within budget were major
requirements when PCL
awarding our contract. PCL , , . ., , ' ' � �" �
' proved successful on both
counts. It was a pleasure Field Supervision 155
working with PCL as we put
� "Hotel"into our name." Project Management � 289
Rich Langelius Admin./Accounting 84
Vice President Property SecretariaUClerical 63
, Operations
Mystic Lakes Casino Hotel Estimating/Marketing 65
�
Purchasing/Equipment i� 28
� Subtotal 684
' Hourly Trades/Labor 900
Total 1584
� PCL has earned an outstanding reputation for technical proficiency,
integrity, fiscal responsibility and sound management. A healthy volume of
work has always been maintained through competitive bidding,however
, negotiated contracts have continued to represent a large portion of our
business, indicating the confidence placed in PCL's ability to complete on ar
1 ahead of schedule, and deliver quality projects at a reasonable cost.
PCL offers a full range of pre-construction and construction services,
' including planning, conceptual estimates, scheduling, evaluation of
construction systems and cost-saving techniques,value engineering,cash
flow projections,manpower and equipment requirements,purchasing and
,
1 PCL Construction Services,Inc.
� . !'� R�S��I�LINT
Master Redevelopment Proposal"Block East"
' CONSTRUCTION LEADERS Rosemount, Minnesota
expediting, extensive reporting procedures utilizing computer techniques,
' and documentation of work performed.
We perform varying portions of construction with our own forces including
' concrete forming,placing and finishing, along with several other disciplines
such as carpentry.
PCL offers extensive resources and services to our clients and has
, available an inventory of all types of construction equipment with a
�. -� replacement value of about $90 million. Data processing capabilities are
comprehensive. Proprietary computer programs - most developed in-
1 ' I� ,, _ I house - delivery a wide range of customized reports for our clients. In
� � � � W addition to in-house safety training seminars, PCL has developed a
` '� i � .�., comprehensive interactive video instructional program the PCL College
, � � ' p ,
� �'� ! � � --�""`-��y of Construction, which is available for all employees' continuing
�!':� s'
education.
' ror„��stone c:opy ce„cer Our volume and variety of work,purchasing and expediting functions
exert considerable leverage in the construction marketplace. PCL's
"PCL ended up,for me,not only
being friends and partners,but 1 success can be attributed in large part to experienced, hard-working and
' trusted them. ...I think so much of �owledgeable field personnel trained by our company over the course of
PCL that for the first time in my years. Our superintendents and foremen on average have longevity with
career,we're doing a project with the company that far exceeds industry standards.
' them and it didn't go to bid.That
shows you how much faith we PCL also employs numerous construction specialists in mechanical
ha�e in that company..." building systems, electrical building systems and building enclosure
, 7'im Gieweke systems. These specialists work with the team early in the design process
President to rapidly assess alternatives and make good decisions on the most
Anschutz Entertainment Group fundamental aspects of the project.
'
,
ri,CONTRAli'iU3:
��GET�EHAL _ —___,_
--------
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� PCL Construction(originally Poole Construction Ltd.)1910
'
, PCL Construction Services,Inc.
,
O "C RUSEMOL.[NT
' CONSTRURION IFADENS
, ,��;, ,
PCL Construction - Relevant Experience
' �; � "Block East"
�.,��
.��--
. , .
�� � Redevelopment & Urban In-Fill Experience
' °+: �'�� � �:�,'.r
�� , �� � •Hastings City Hall Renovation, Hastings
Hastings City Ha❑
� Renovation
��, � � •Block E, Minneapolis
� �� � � •Midwest Wireless Center, Mankato
� - � _.
��� � �� � :�� '������ °���� �� •KTCA Television, St. Paul
�� ��r,�=;
' "�` :�, 'L�� ��. •Gloria Dei Lutheran Church, St. Paul
Block E •Cornerstone Copy Center, Burnsville
' '!�"'�'.�:"�-",
�r ��"
--�� ���o � � •ChemRex Renovation, Shakopee
' .�� � °�'�� � .
���� ' _ �� �� •Native American Commumty Clinic, Minneapolis
� �� •Midway Marketplace, St. Paul
� :�� � ���
.u� .,;
6 Quebec Condominium •6 Quebec Condominium Conversion, Minneapolis
' Conversion
���.x ':s,"��`�'�
, Rosemount & South Metro Experience
� �� .
' •National Guard & Community Center, Rosemount
, Rosemount National Guard
� community c�„t�r •Eagan High School & Dakota Middle School, Eagan
_ :.� .,�`°...�=t�.� . .
, -�- r , � � �.A� •Vermillion River Crossings, Farmington (preconstruction)
t��� � � �
�.�.� � ��� �� •Mystic Lake Hotel Phases I, II, & III, Prior Lake
�t �� \ ��, `'�
� ' , ,,.
'..,.�'"� �~��- •Perron's Sul Lago Restaurant, Prior Lake
�rv��'
Mystic Lakc Hotcl
, •Nicollet Business Campus #4, #5, & #7, Burnsville
.�, 3M
� �-� •3M Cottage Grove, Cottage Grove
, � $ �
�n� ���-
� �_,�,=�xf��,� •FSI Phases I & II, Chaska
� �:��� .
1 : ..��svw , o
•r.
3M
,
�
' DON FROMME
Construction Manager
' As Construction Manager,Don directs and supports all project
operations to ensure the depth of PCL resources are available for
every project. Don has 18 years of experience with the company
' ��} ~ and has earned a reputation for professional construction
� mangement, efficiceny and client communication.
��T�
, �
`'��'' .� Project Experience:
' : ■ Rainforest Cafe National Development Program, ($35M
� annually for 6 years)Rainforest Cafes are retail stores and
restaurants with the look and feel of an actual rainforest. Decor
includes live birds along with animated animals, large aquariums,
' ;.� and rock and water features throughout the store.
• General Mills,Inc.,Murfreesboro,Tennessee; 84,500 sf two-story
' addition and renovation of an existing yogurt manufacturing facility.
It includes addition of one new packaging line and relocation of six
packaging lines from another plant. Extensive addition and rework
, of existing process and utilities systems.New building includes
new welfare areas such as office,meeting, locker and restrooms
located on both levels and mezzanines. Site work includes new
� surface parking,truck maneuvering and landscaping; $24M
, �'m- F • Centracare Health Plaza, St. Cloud,Minnesota; 330,000 sf two-
> _��.,��� story,two building complex of clinics on 120 acres, includes all site
� ! improvements. Building structure is cast-in-place concrete with a
, �` r� � masonry and glass curtain wall exterior,and are designed for future
growth of up to five floors; $52M
, Rainforest Cafe ■ Ramsey County Government Center East Renovation,St.Paul,
Minnesota; 396,000 sf nine story demolition and remodel completed
in over a dozen phases while the facility remained fully operational;
I . $12M . . .
■ St.Paul City Ha1URamsey County Courthouse, St.Paul,
Education: Minnesota; 28 phased addition and renovation to the histonc 21
■ Purdue University story, 336,000 sf building; $38M
, Bachelor of Science
Building Construction& ' Ramsey County Government Center West Attorney and Lobby
Contracting Facade renovations,$1.SM
, • Educational courses& ' Sioux Falls Convention Center,Sioux Falls, South Dakota; 145,000
seminars in leadership and sf addition of a convention center to existing arena,included
management,project banquet/exhibit spaces,meeting rooms,kitchen and"back of house"
1 planning,scheduling, areas,life safety upgrades to existing arena,parking,landscaping and
estimating supervision and signage surrounding the two buildings; $16.8M
safety
,
�
'
,
' BART BODWAY
Project Manager
, Bart is a senior Project Manager with PCL and has directed some of
the company's largest and most successful commercial
redevelopment projects over recent years. He has earned a
' reputation for collaboration and effective construction schedule
��; management using leading edge technology. Bart is currently
� � ' working with Pedersen Ventures on the Vermillion River Crossings
, .,,� .�� project in Farmington
' ' Project Experience:
■ "Block E"LeMeridien Hotel and Minneapolis Lifestyle Center,
Minneapolis,Minnesota; 548,367 sf, an urban in-fill entertainment,
� retail and restaurant complex in downtown Minneapolis with an
adjacent 20-story, 258 room,Five Star with ballroom and banquet
facilities, full-service restaurant, fitness center, and business center;
, $82M
Rainforest Cafe National Development Program, 15 Rainforest
�, Cafes nationwide with the look and feel of an actual rainforest.
�� Decor includes live birds along with animated animals, large
� �"�;�!,� �" � � saltwater aquariums,and rock and water features tl�roughout the
e � stare.The ceilin g is geene ry to re plicate the rainforest cano p y,and
t � �; ;* the groundwork features unique floor systems.Rainforest Cafe
' �. � .� ,�� �,'',� Projects; $88
j,_
��� , ■ Mall of America,Bloomington,Minnesota;responsible for
y ' ' ��, scheduling,coordinating and contract administration for the
' � `�► .. �°��;�,_, following subcontracts: exterior wall,elevators and escalators,and
Block E&Le Meridien Hotel concrete and mall flooring throughout the largest retail complex in
the United States.
' ■ 6 Quebec,Minneapolis,Minnesota; 9 story 95,000 SF renovation
and re-use of an existing structure in downtown Minneapolis.
Building consists of 2levels of restaurants and retail,7 floors of
' custom condos; $9.SM
■ Midway Marketplace,Major site redevelopment and construction
, of new mixed use complex; St.Paul,Minnesota 130,000 sf, $14 M
■ Allina Hospitals,Minnesota/Wisconsin;Preconstruction services
using PCL's"Art of the Start"program to plan an price 18 hospital
' pharmacy renovations in 10 Allina Hospitals; $3.SM
Education:
• Bemidji State University ' Pillsbury Phases I&II,Geneva, Illinois; (1) 175,000 sf food
Bachelor of Science processing plant consisting of a two-story,precast structure with site
, Industrial Technology/ development of 53 acres,including storm water ponds,roadways and
Construcrion Management mass grading. The ammonia engine room and associated piping was
■ Itasca Community College the largest system ever put in place by the Pillsbury organization and
' Associate of Arts Degree was operational in less than four months; (2) 95,000 sf 26-acre site
consisting of a one-story precast structure with a mezzanine,office
complex,and a waste water treahnent plant; $178M
,
�
'
, JOHN K. JENSVOLD
Project Development
' John serves as PCL's Manager of Business Development and is
responsible for the coordination of project planning activities
during feasibility,concept design and municipal approvals.
� � � Experience:
;; �_.. John has twenty years of experience in economic development, land use
� planning, and construction. Priar to entering the construction industry
in 1995,John served as planner and assistant city administrator far the
' City of Faribault,Minnesota municipality as well as senior economic
� developer for Northern States Power. (now Xcel Energy)
' Clients Have Included:
�� / � ■ American Hospitality Management
�,�.
' , �� • Arden International Kitchens
, P �� '
;.
�`�� p�,5��5 r .��� � ■ August Technology
� � � �������� ,�__�• ■ City of Elk River
��
� .y ■ City of Oakdale
��r '� � « City of South St.Paul
, a Cornerstone Copy Center,Burnsville,MN;
,,*��.�: �I i��li I� �������la
Y, '�� Y q Luther College
� Possis Medical
■ Minnesota Diversified Industries
■ Music Tech College
� Organizations:
Inver Hills Community ' Pedersen Ventures
■ College Foundarion,Vice ■ Possis Medical
� Chair
Martin Luther Manor, ' St.Michael's Lutheran Church
■ Advisory Board ■ St.Philip the Deacon Lutheran Church
� ■ Minneapolis Regional ■ Tapemark
Chamber of Commerce,
Board ■ Wabash Capital Management
� ■ Bloomington Chamber of ■ Wirsbo
Commerce,Board
■ Progress Plus,Board
, Education:
■ BA,Religion and History
' St.Olaf College
■ MBA,Management
University of St.Thomas
, ■ Urban and Regional
Studies,Mankato State
University
'
!
. !� R�SEI`�IOL.�NT
Master Redevelopment Proposal"Block East"
' CONSTRURION LEADERS Rosemount,Minnesota
' REFERENCES
William Dunham, Director-Facilities Sara Caruso, President
' Allina Health Systems Minnesota Children's Museum
Roseville, MN St. Paul, MN
651-635-4486 651-222-6006
� Larry Abdo, Partner Mark de Naray, President& CEO
Anxon, Inc. Minnesota Diversified Industries
' Minneapolis, MN St. Paul, MN
612-341-9148 651-999-8251
� Daniel Mahowald, Owner Richard Zehring, CFO
Cornerstone Copy Center MSP Corporation
, Burnsville, MN St. Paul, MN
952-891-8700 651-287-8890
� Susan Anderson, Dir. Project Mgmt. Richard Langelius, Operations Manager
General Mills Mystic Lake Casino & Hotel
Golden Valley, MN Prior Lake, MN
, 763-764-5209 952-496-6948
Rev. Susan Peterson, Senior Pastor Todd Perron, Owner
� Gloria Dei Lutheran Church Perron's Sul Lago Restaurant
St. Paul, MN Prior Lake, MN
651-699-1378 952-440-1411
, Dr. James Peterson, President Dorothy Mollien, Executive Director
Gustavus Adolphus College Reuben Lindh Family Services
, St. Peter, MN Minneapolis, MN
507-933-7538 612-721-7098
' Kevin Sawatsky, Vice President Rev. John Hogenson, Pastor
HVS/American Hospitality St. Philip the Deacon Lutheran Church
� Management Plymouth, MN
Bloomington, MN 763-745-7136
612-490-9980
' Eric Jolly, CEO
Jack McNamara, Directar Science Museum of Minnesota
Imation Corporation St. Paul, MN
, Oakdale, MN 651-221-9415
651-704-5929
,
' PCL Construction Services,Inc.
' ¢} � P
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Companion Animal Hospital ,,,,,,,F �
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' PineRidge Pet Care Hospital /'��+
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'
AFSCME t�
Rogers Masonry "' ����
� City of Minneapolis ., " �„��" '� �
"� �F C AT&T Wireless Services ��;.,�� ��,�� ' '
�> ���- � Hoffman Develo ment ��'` . '`��
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�.�
` "�' .::,� '� Bremer Banks �n.:=�f� ��; �. _ .�:_ �
� FIRM PROFILE �
�
KRECH, O'BRIEN, MUELLER, & WASS, INC.
'
' off�ei.o�at�on bl 15 Cahill Avenue
Inver Grove Heights, MN 55076
� 651 .451 .4605 P
651 .451 .0917 F
www.komw.com
� James H. Krech, P.E., President
Daniel O'Brien, AIA, Vice President
' Brady Mueller, AIA, Secretary/Treasurer
' Firm Description Krech, O'Brien, Mueller & Wass, Inc., established as a Minnesota corpo-
ration in 1985, provides Architectural, Structural Engineering, and Interior
Design services. The principals have built a strong, stable professional
� organization recognized for thoughtful design, professional service, good
value and unquestionable ethics. These four ideals are the foundation
that supports the firm.
,
Servi�es Industrial and manufacturing, commercial and retail, restaurants and
' recreational, institutional and religious facilities, agricultural facilities and
cooperatives are established areas of expertise. Krech, O'Brien, Mueller
& Wass, Inc. uses a flexible organizational structure to efficiently produce
' both small and large projects. Project specific teams, aided by appro-
priate consultants, produce projects ranging from 500 square feet to
250,000 square feet and from $500 to $14,000,000.
�
Firm.Si�e Krech, O'Brien, Mueller& Wass, Inc. employs 5 architects, with registra-
, tions in 28 states, 2 intern architects, 3 structural engineers with registra-
tions in 25 states, 2 interior designers, and 5 technical and support staff.
The firm offers a full scope of professional services.
,
,
'
'
'
, j� KRECH, O�BRIEN, MUELLER Hc WASS
i
' � STAFF BIOGRAPHIES __
DANIEL J. O'BRIEN, AIA, CID, PRINCIPAL IN CHARGE
� KRECH, O'BRIEN, MUELLER, &WASS, INC.
Education University of Minnesota-Bachelor of Architecture with Distinction
' Profe.r�-ionalAffiliation.r Registered Architect in Minnesota #14684
andL.a'cen.ring Registered Architect in Virginia # 007301
Member of Economic Development Association of Minnesota
, Member of American Institute of Architects, Member of AIA Minnesota
Member of River Heights Chamber of Commerce- past board member
Member of Progress Plus 501 C3- chairperson, current board member
1993 Small Business of the Year Award - River Heights Chamber of Commerce
' ProjectKole As the principal in charge, Dan is the project team leader, overseeing and
coordinating the activities of the design team. He is also the principal liaison
' between you, the design team, and the user groups. Dan has extensive experi-
ence in facility design, including 28 yeqrs programming, project design, and
project management of a variety of commercial, industrial, retail, and institu-
' tional facilities. This experience includes restoration, preservation, and adaptive
reuse of existing structures. Dan brings strong organizational and design skills
to this project.
� BRADY R. MUELLER AIA PRINCIPAL IN CHARGE
KRECH, O'BRIEN, MUELLER, &WASS, INC.
' Education St. Olaf College-Bachelor of Arts Cum Laude
University of Minnesota-Bachelor of Architecture with Distinction
PrafersionalAffiliation,c Registered Architect in 27 states
' andL.icen.ring Past president and member of the SSP/IGH Rotary Club
Member of River Heights Chamber of Commerce, South St. Paul/Inver Grove
Heights, MN
Member of Lakeville Chamber of Commerce, Lakeville, MN
' ProjectKole Brady has been practicing since 1977 and with the firm since 1987. His exten-
sive repetoire of ecclesiastical design includes new projects and the restoration,
' preservation, and adaptive reuse of existing structures. His experience of 28
yeqrs includes programming, design, and project management of a variety of
commercial, industrial, retail, and institutional facilities. Brady brings strong
� organizational and design skills to any project in which he is involved. He has
an aesthetic sensibility that is always current and a sincere interest in and
commitment to his clients and their projects.
, VINCE DIGIORNO, AIA, CODE COMPLIANCE ARCHITECT
KRECH, O'BRIEN, MUELLER, &WASS, INC.
, Educatian University of Notre Dame, Rome Studies Program
University of Notre Dame - Bachelor of Architecture
University of Minnesota - Master of Business Administration
1 Profe��.rionalAffiliatian.r Registered Architect in Minnesota #20086
andL,icen.ring Member of Tau Beta Pi Engineering Honor Society
Indiana Concrete Masonry Association - Distinguished Award
' ProjectI�le Vince will is responsible for code reviews, analysis, and compliance. Vince has
been practicing with Krech, O'Brien, Mueller, &Wass for 19 years.
He has studied, applied and taught in-house the details of the building code
' with a keen understanding of the nuances and details of government regula-
tions. In addition, he is our chief specifications writer providing product docu-
mentation and bid and construction process information.
' �� KRECH, O�BRIEN, MUELLER 8c WASS
' � STAFF BIOGRAPHIES . _ __
, CINDY D. NAGEL, INTERIOR DESIGNER
KRECH, O'BRIEN, MUELLER, &WASS, INC.
Education Colorado Institute of Arts, Interior Design & Planning
' Profe.crionalAffiliation.r State of Minnesota Interior Design Certification
and L.z'cen.ring ASID regional award 1986- First place for contract design under
2000 sq ft for Accoutrements and CSB Design Inc., Wayzata, MN
, Published in Interior Design magazine June 1988 Architex fabric
showroom IDCNY, Long (sland, NY
� PrjectKole As Director of Interior Design, Cindy is a valuable team member provid-
ing input for all aspects associated with interior space form and function,
including: information gathering, analysis and documentation, space
' utilization studies, space planning, and development of interior materials,
finishes, and interior architectural detailing. Cindy has a diverse portfolio,
20 yeprs of work, which contains extensive experience in the area of
space needs analysis and space planning.
' r
JAMES H. KRECH, PE, STRUCTURAL ENGINEER
� KRECH, O'BRIEN, MUELLER, &WASS, INC.
Education University of Minnesota, Minneapolis, MN-Bachelor of Civil Engineering
' Profe.r.rionalAffiliation.r Registered Structural Engineer, Minnesota #12707, CO, GA, ID, IN, IA,
andL.a'cen�-ing KS, MT, NE, NH, OH, OR, SC, SD, TN, UT, VA, WA, WI
Member of River Heights Chamber of Commerce, South St. Paul, MN
, Member of American Society of Civil Engineering
Member of Task Force for Agriculture Department Pesticide/Herbicide
Rules
' ProjectKole Jim is the principal in charge of overall structural design and engineering.
His innovative approach to structural engineering, enriched by 31 yeprs
of experience, is both state of the arf and economical while remaining
� sensitive to the architectural design. Jim also has extensive experience in
the renovation of all types of structures and buildings.
' �''°
MARC R. DUBOIS, PROJECT MANAGER
�
KRECH, O'BRIEN, MUELLER, &WASS, INC.
, Education Bachelor of Science in Design, Clemson University
Profe.r.rionalAffiliatione- Master of Architecture, University of Minnesota
' andLicen.ring Associate Member of American Institute of Architects
Past Co-leader and Member of MNAIA Search for Shelter Commiitee
Past Involvement in Habitat for Humanity/HFH International
, Foreign Mission Coordinator at Christ Community Church, St. Paul, MN
ProjectKole As project manager, Marc works closely with all members of the project
� team including the client, regulatory authorities, builder, consultants, and
project users. Services will include programming, evaluating existing
conditions, design, communications, and coordinating schedules and
services. Marc pursues careful use of all resources with concern about
, architecture's impact on the built and natura) environment, human use
and emotion.
' ,` �� KRECH, O�BRIEN, MUELLER 8c WASS
'
'
1 Feasibility Study
1
City of Rosemount
1 , .
St. Joseph s Church & School Slte
1
1
_ . � . . �
1 �
� .
�.
' �:�f �'�` .
�
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_ __. m......_.,�...�:�� ._.._ . , _
' March 8, 2005
' Prepared by:
' CNH Architects, Inc.
7300 W. 147th Street, Suite 504
App�e Valley, MN 55124
' (952) 431-4433
' 1
�
Ciry of Rosemount—St.Joseph's Facility Review CNH Architects,Inc. �
'
Rosemount Ma or
From: Bill Droste [wdroste@frontiernet.net]
Sent: Tuesday, April 12, 2005 8:48 PM
To: Rosemount Mayor
Subject: Fw: DARTS
'k�(
MTAB WEB.pdf
--- Original Message -----
From: Joelene Evenson <mailto'ioelene evenson(a�darts1 .orq>
To: wdroste(a�frontiernet net <mailto:wdroste(a�frontiernet.net_>
Sent: Tuesday, April 12, 2005 3:34 PM
Subject: DARTS
Hello Bill—
Per my voicemail earlier today, I'm sending information about to the tours being offered by DARTS in 2005. As you know
first hand, this was a great way for us to educate community members about our work and the services we provide in
Rosemount and throughout the county. I'd greatly appreciate it if you would consider sharing this information with
members of the City Council or anyone else who you think might benefit from knowing more about DARTS. Please give
me a call and we can discuss this in more detail at a time thaYs convenient for you.
Thank you!
Joelene Evenson
Director of Resource Development
DARTS
1645 Marthaler Lane
West St. Paul, MN 55118
(651)234-2221
www.darts1.org <http://www.darts1.org>
www.caregiverMN.org <http://www.caregiverMN.org>
DARTS-Serving Seniors, Families, Community
�
1
�.
/ plan is consistent with the Redevelopment Frame-
Ros e m o u n t s n e w wotk appxoved by the City last year. �fter a plan Special meeting
a r tn e rs h i f o r has been developed,an open house will be held to
� f� p p provide information to the community. Another
��� for powntown
; D o wn to wn Down own busn essemeeting will be sent to all
� businesses
We axe pleased to announce that the devel- The site plan and building elevations will eventually w wa� w
opment team selected by the Rosemount get reviewed by the Planning Commission and City �{�� ��'
��6,
a��� Part Authority is Contractox Property De- Council for appxoval,in the same process all ownexs
��" velopers Co. (CPDC)and Central Commu- go through when changing the building or land use
niry Housing Trust on a properry. This process includes a public hear- The new development team will be
(CCH'1�.The team, ing in which interested parries can comment for the available to answer quesrions from
��_ headed by CPDC xecord. It is expected that the hearing will occur late Downtown businesspeople in a meeting
�-�" President Homer this year. at City Hall on Wednesday,May 4,at 6
� � � � / Tompkins,has ex- p.m.
� � � �%+ perience in develop- Meanwhile,the Port Authority will meet with the
��_� " '�" �/, ment and redevelop- developer to negoriate a preliminary development The team will discuss general concepts
�°� � � �� ment issues in Rose- agreement This agreement sets out the roles and far their paxtnership with the Ciry to
Core Block East is mount and other met- xesponsibiliries of the development team and the make revitalizarion a reality. Developers
comprised of a two- ropolitan communi- City during the uutial time period. When a site plan are unlikely to have a complete plan for
block area. ries. and estimated costs become more detailed,a final the first xevitalizarion project for sevexal
�:y: development agreement will be prepared and ap- months.
CPDC is the developer of the Evexmoox proved. The final agreement funcrions like a con-
project,a 559-acre subdivision located in txact between the City and the developer,listing fi- Also attending the meering will be the
the northwest axea of Rosemount,and of nancial obligarions and setring out which tasks will ownex of a business who has found
" the new Harmony residential project under- be accomplished by the developex and which by the success through the redevelopment of
�'� way at what was the Brockway glass factory. City. his store. Bruce Dodd,owner of�lound
.b CCHT has completed several projects,gen- Family Hardware in I�lound,l�linn.,will
�,;;J erally within 1�linneapolis. More recently it Inirially,it had been hoped that redevelopment ao- discuss his experience and suggest what
�'-. began development activities in the suburbs. rivity would occur this fall. It is more likely actual other businesses should look out for
Two projects CCHT developed include the construcrion activity will occur in Spring 2006. during revitalizarion.
<f Franklin-Poxfland Gateway,which is a Land acquisirion and plan design and refinement
mixed-use project with appxo�mately 269 will occur thxough the remainder of this year.
residential units and 30,000 square feet of
K';� commercial space,and Elliot Park,which is ���i
also a mixed-use project. ' -- ��,�-
, , � �
'� �� ;� � �� � �ROSEMCJC..�NT
There are sevexal next steps that will occur � � w�� ! �--
simultaneously. The developer will begin � �
meeting with property owners to discuss t O M M U N i T Y D E V E L O P M E N T
acquisitions in the Core Block East area. w
I�leanwhile the team will begin work on a �„�„ ���,,�: Phone:651-322-2020
"�� � �� Email:kim.lindquist@ci.rosemount.mn.us
��; development plan that includes more detail �� - �
� :� 3 � � � � Web:http://www.ci.rosemount.mn.us
��
- than the current concept. To that end,the left hand�olumnjn Revitalization"from
, � team will work with the City Council,Port Detail from plan for CPDC's Victor Gardens t y �'
p Authority,and staff to ensure the evolving retail development in Hugo,Minn. �,��'�
� ' �a��'��W��.
..a.�
___ ._._.___ ._�,_ .__ _ ''�1 N ,,
O a°
Land acqui�ifion ��� � � � �
� � 1��►.....J�����./
ran�inues Downfown ��� � � a �
: �. _ m
Tiae C tt�. h�is eontirit�ed to acquise � ,Y' � O C O M M U N I T Y D E V E L O P M E N T
pit7�etties�c>w-ntowi�r�n a uYltin� z � �
sellei k�asis.Urcr the last�-car thc v, 3 �
C;it}>ti�ts acc�uirecl tIixee re•si�cnrial '�� � "'
J �
���operPi��;:14G3Q�I�urma�i^ettue, '�,_ �
'Y:
2�80-2889 145t1i Street,ai�cl 1454Q`
J3urnley r\v�rn�e.'l�he Cit�r also ac- �'�
� €�t�ir`ed the r,r�rnine�Cial�zt�pe�ty at ��w��/.�w�
.�81fl 1�#5th�treet. '
L
''� I��3�ebni�ri�',2{}U5 C�ic City for�n�lly=�,
Revitalization
purchased tlie cain�iu�of t12e Churcl�
of �t.��sepli at I4:i7:�S.Ro#�cxt
T'rail. The�icquisitit�n mcets thc fu-
erarc lii7xar�'s ncec�s�v providing th�
Ituici for the�15,00f}�c�uare-fi�ot facil�
itc. 'I'hc li��ar���vill�770 loca�ed on the
sou�Ii end o�f the�rbpertr,a�l��ori�i�i� ***********�t****y!'**********
t�ie sc.hool j�lat�*rc�unr�area,with � * *
��z�"��°r�`ue�t.�����a�:°t���� � * SPECIAL MEETING ON *
�vill�hc�varkuig on a libear�=de�i��z � * *
* ��/ � *
and��neec�s�tsse5snient th�t�tt�h n��tt�' 7t �Q����YY N• *
y�ear�;�vi�Ii consti-�Yction seax�in�i�i '�� * ��� '�F *
�{}p�. The libraf-p is���,expected Eo * *
°�'�"'���'°�, * DETAILS INSIDE ,*�
� "1'hc�Cou�icil wili diseuss altecnaticc�
��*�������*��*��**�����**��
use:;�f�r dle cliuicl��uilc�ing c>�et fihe
�lext se�-eraI tnaii�tis; 1'oda�-SC.�Jo '��
se��li 5choc��c<s�limies to us�#he � �
sti�uehtTe �oY some af its eC4nts. � ���-
` � �
Sizni1ar15°,fh�scl�c�ol ie��ains in op� ��� ```� E w��'" ,, _
erxtibn antil.`�201U.:k�utu��e use of the'� �`:�
�
� ���_ �:
c;iliiSc.alic��ticnl�V�llll li1C IIC;W Jl[)TIl%�z � . ,�. �. �...,. �' �
��-ilt l�c decide<3 oucr�tl�c iie�ct setrerdl� � �- ��,�;�
�'��iY5. ?
�... �>,., -`•�
Update: Apri12005
. ;:� .:
� . ..::�_ ��.. �_._
'
. � �� �a ��,
1 - -- �.�.- ��,�
' Introduction 3
' Project Team 3
Existing Condrtions 4
' Church Building 4
' Gathering Area Addition 9
School Building Addition 11
' Future Use Feasibility 16
' Use Options 16
Required Upgrades—Church and Gathering Area 18
' Required Upgrades— School Building 21
' Budgetary Cost Impacts 24
� Parking Analysis 2�
Summary 29
' Appendixes 30
Mechanical Photo Survey
' Electrical Photo Survey
'
1
t
'
' 2
�
City of Rosemount—St.Joseph's Facility Review CNH Architects,Inc. �
'
'
, ,
' • • s
This Feasibility Study explores the existing conditions and the future options
' related to the potential purchase, reuse and development of the St. Joseph's
Catholic Church and School Facility by the City of Rosemount. First the
study reviews the existing facility and site systems and conditions, any
' significant near-term maintenance needs, and the basic accessibility levels for
each portion of the building. The potential public uses for the different parts
' of the facility are then discussed along with the anticipated minimum
remodeling required to use the space for these types of occupancies. Finally,
the approximate budget cost needed for adaptmg and upgradmg the spaces
' for the possible uses are outlined.
The scope of this Feasibility Study is directed at looking only at larger scale
' issues and basic concepts due to the breadth of options available and
preliminary nature of the facility use goals. As a more specific facility
program develops, project designs can be developed and more specific cost
� targets can be assigned.
' � . - �' ..
'
CNH Architects, Inc. has lead a team of architects and engineers as part of
' this feasibility study. The following engineering consultants were a part of
this study within their area of expertise listed.
� Structural:
Van Sickle, Allen& Associates
2955 Xenium Lane North, Suite 10
' Plymouth, MN 55441
Mechanical:
� Engineering Design Initiative, Ltd (EDI)
420 N Fifth Street, Suite 565
Minneapolis, MN 55401
' Electrical:
Engineering Design Initiative, Ltd(EDI)
r420 N Fifth Street, Suite 565
Minneapolis, NIN 55401
r
�
� 3
' City of Rosemount—St.Joseph's Facility Review CNH Architects,Inc.
'
' • • • •
Church Building
' ����" The original church building is indicated as being built in 1924 and has a
� t-�x footpruit of approximately 9,000 square feet. The buildmg is of masonry
exterior bearing wall construction. The upper walls of the sanctuary are
' r' supported on concrete arches along the two side aisles. The floor is a low
e sloped wood floor structure above a crawl space over most of the sanctuary with
' � � flat wood floor structure over the basement area which is under the chancel and
-'-� - chapel areas. There is also a balcony at the east end of the sanctuary over the
Northeast facade narthex that is likely of wood construction. The roof is of wood beam
' construction with a slate tile roof system. The interior walls are plaster on wood
stud framing.
'
�
1
' South facade �
t ��� I �w �
��=�_ .� -
> x.
�,
� ��� ���� � � �� .� �
�� .�;;. _;� � �-
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' � -, . .
� � ��ii �" is �d ;( � � �
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�t�` , -�
' „ .
�j - 1 �1 _ .
� ._. A�«� �,,
,
ii
� ' �i" !#
'
�
' �=;as� �a�;a�� Sanctuary& Balcony
'
'
'
' 4
' City of Rosemount—St.Joseph's Facility Review CNH Architects,Inc.
'
• • • •
' Exterior Envelope
� ,+ The exterior walls are of brick with extensive stone lintels,trim and foundation
' coursing. All windows within this building are leaded stained glass with an
exterior protective storm pane. The roof is covered with slate tiles and includes
an intricate gutter system at all eaves. The east end of the building is capped
' with a tall,highly detailed steeple clad in copper. All envelope areas are likely
to contain minimal insulation and would be well below current energy
standards.
' The exterior brick and stone walls are generally in good condition with a few
Figure 1
areas that will need repair in the next few years. The brick mortar joints showed
, x evidence of spot tuck-pointing from past maintenance and will continue to need
� �~�'� f <��,�� to be reviewed on an annual basis with additional tuck pointing likely needed as
"�� � �� they continue to age.
� -
����
' ,
There is evidence of deteriorating and caulked mortar joints within the stone at
����,° the main entry doors (Figure 1). All caulking over mortar joints should be
' �� removed and tuck-pointed. There is also some spalling of the stone foundation
Figure 2 wall at the north wall(Figure 2)that can be replaced or patched if desired but is
' not anticipated to be of structural concern. The mortar joints on the stone sides
��_ on the stair to the east chapel door are failing (Figure 3) and should be
reassembled with new mortar.
' � �T� � ; ';
:�� � a `, The slate roof appears to be in very good condition with no tiles and cap
� , missing. The gutters and downspouts around the building didn't show signs of
�'�� `� breaks or significant leaks. The wood trim behind the gutters along the north
' ��� ��.��"�� side of the building are in need of stripping and repainting (Figure 4) and
Figure 3 possibly may have some rot in the facia that would lead to replacement of these
' boards. This condition may exist on other sides but was not noticeable from the
-;�i� ground.
�, ;
' � � �
, '�` +�`�"` �
�, .. .,. � ,
,;
- �
� � � �
� ��
' Figure 4
'
'
' S
�
City of Rosemount—St.Joseph's Facility Review CNH Architects,Inc. �
'
'
� • • • I• Building Structure
'
The sanctuary was constructed in about 1924. The structural roof system for the
' sanctuary consists of wood construction supported on approximately 10' high
concrete arches. The exterior walls are brick masonry. There is a partial
basement approximately 10' deep under the alter area. The floor above the
' basement area is a concrete slab with wood infill floor construction above.
There is a small balcony in the back of the sanctuary. The floor structure of the
balcony was not visible;however,it is likely constructed of wood joists.There
' was some water damage visible in the corner of the small room on the north end
of the balcony.
' The sanctuary structure appeared to generally be in good condition. There is not
enough of the balcony structure visible or enough information available to
' determine its load capacity. Therefore,we would not recommend the balcony
be used for assembly loading without further investigation.
' Heating, Cooling and Ventilation
The church and sanctuary was originally built in 1924 with renovations in 1991
' and heating upgrades in 1974.The upgrades included the present boilers as well
as hot water fin-tube radiation that were installed along the outside walls of the
building. The radiation appears to be in good condition.
' � The heating system includes two Weil-McLain (1435 MBH input each) hot
�.
� water boilers with burners that are equipped for firing natural gas as well as No.
' � 2 fuel oil.The oil tanks and associated equipment have been removed;therefore
►� natural gas is the primary and only source of fuel. The boilers are located in the
'`��: � basement of the church and from there, distributes heating water to the school
' �,� ' � by means of a tunnel.
,���
� ' � - ' The boilers are approximately 40 years old (Figure 5) and have reach the
�� �'�- �' e x p e c t e d s e r v i c e l i f e b a s e d u p o n A S H R A E d a t a(3 5 y e a r s o n a v e r a g e);h o w e v e r
' ' �� �� ' �
y �,: �,�. � they appear to be in good warking condition. In general,boiler service life can
� � � be extended by proactive maintenance; however due to the age, a scheduled
' �- - "' replacement of these boilers is recommended in the near future.
Figure 5
' Multiple inline and base-mounted pumps (7 total), located in the boiler room,
distribute heating water to the various heating units. Some of the pumps have
been recently replaced; however the base mounted pump should be scheduled
' for replacement due to its age and observed condition.
The deteriorated of piping insulation was observed in many locations with some
' sections of piping with no insulation. Where the insulation was off,noticeable
surface corrosion was observed, particularly where pipes have leaked. It is
' 6
' City of Rosemount—Sk Joseph's Facility Review CNH Architects,Inc.
,
' � � � � recommended that the pipes be further analyzed to determine its integrity.
.-�� _� ,� � Combustion air is introduced into the boiler room by means of two ducts (one
-�� z--�� -,�, �:; for each boiler) that extend into the parking lotJplay area via two window
' - -�-� _ .�-�. ;;�„-_.
�-�: = �-�_ � openings that are located essentially on grade. Both of the ducts show visible
��"�� �'== "�- damage where they are exposed to the outdoors (Figure 6). It is recommended
�-�.�^' =�����
' g � � that these ducts be repaired and protected to minimize any future damage.
'"""�" '"'�"" ' The control system for the heating system is a combination of electric and
' ^�--�-;
� i�, � pneumatic with the temperature control compressor located in the boiler room.
�� �- The head of the compressor has been recently replaced; however the tank is
:- �—•- dated.
' � �
� � .=1 The building does not have mechanical cooling and no mechanical ventilation
� �' system was observed.
' Figure 6
Plumbing Systems
' In the basement of the building, a sewage ejector and sump is installed to
:�;: �r ,��---
, , receive the sanitary waste from the lower level. This installation does not meet
���.� '• � �' � current codes and standards that require a gas tight vented cover over the sump
' E � . �� - � ' basin.
- �
,�
' � ' Also located in the basement are the existing water softener (Figure 7), water
' �� ' •: �. � �° � heater and storage tank. These components are dated and have reached their
� � � � �° � 1
expected service life. Replacement is recommended.
, Figure 7
Electrical Systems
' The building is served by two electrical services. One service is a 400-amp,
120-240-volt single phase service which is located in the basement of the
Church. This service is fed from a pole mounted utility transformer located on
' the west side of the building. The Church service provides power to the School,
Chapel and Boiler Room.
' � �� 'j
� � `'�"� The main electrical distribution equipment for the Church service is
� �;� approximately 40 years old and has reached its expected service life(Figure 8).
' :,. P a rt s f o r m u c h o f t h e d i s t r i b u t i o n e q u i p m e n t a re not readil y available which
� 4 , � � result in a premium being paid for any modifications to the system. It is
'�-�- �' - . � recommended that the owner consider upgrading the service in their future
' ` z� _� J. ,�� plans.
Figure 8 The electrical systems in the Church are in good working condition however
' they are dated. The Lighting in the Church includes T-12 fluorescent,
incandescent and HID on the building exterior. The lighting in the lower level
'
7 �
City of Rosemount—St.Joseph's Facility Review CNH Architects,[nc. �
'
' i
of the Church could be easily upgraded with energy efficient fixtures,however I�
� an upgrade to the main level would result in compromise to the aesthetics of the
light fixtures serving this space.
' The Life Safety Systems for the Church area should be upgraded to meet the
intent of the Life Safety Code.
' • • • + Interior Condition
' The interior of the church facility overall is in very good condition for the age of
' the building with very little damage noted. The sanctuary space is attractively
� detailed with painted wood trim throughout the ceiling,masonry arches at eaeh
, , side aisle and decorative wood trim work around openings and at all railings
� ` (Figure 9). However, there was minor water damage noticed in the plaster
• around the last window on the north aisle as well as in the room off of the upper
' ,w, .: � level balcony. The existing carpet was in relatively good condition without
noticeable wear.
�;:,,,�" - ��
- . .--.��
! The church building does not have fire suppression, smoke detection or fire
ala.rm systems.
' Fi ure 9
�
' Accessibility
' � The church was reviewed for major ADA compliance issues focusing on basic
�
entrance, exiting, maneuverability, and restroom requirements. Minor use
-- specific issues were not reviewed since the uses are anticipated to change. The
' main floor of the church is almost accessible from the ramped addition to the
northeast coming into the narthex except that the doorway connecting the ramp
lk�` ' � (Figure 11) and both side aisles are all 32" wide leafs with less than 30"
� � Wa
clearance when open creating a barrier to wheelchairs. The side choir area on
Figure 10 the north apse has raised platforms that are not accessible. There are also
' relatively steep stairs leading to the chancel,back office and chapel areas. The
balcony area is only accessed by a steep stair without compliant handrails and
with less than the required headroom at the bottom few steps(Figure 10). The
� partial basement is accessed by one steep stairway without compliant handrails.
The two restrooms in the basement are not accessible but the one restroom in
� - the Gathering Area addition is ADA compliant if the route to it is widened at the
' doors. All interior doors have knob hardware configurations that do not meet
accessible grasping requirements (Figure 11).
�
� Figure 11
g �
City of Rosemount—St.Joseph's Facility Review CNH Architects,Inc. �
�
'
11
t • • • •
Gathering Area Addition
' This 1,450 square foot addition was built in 1996 to provide a central entrance
to both the church facility and the gymnasium. It specifically added a ramped
' connection into the north end of the na.rthex and also included a single use
restroom,both for improved accessibility. This addition also includes an open
assembly space covering the majority of the addition footprint.
' Exterior Envelope
' _ This addition is faced with a brick veneer exterior utilizing a brick blend of a
� � slightly lighter tone than the church(Figures 12& 13). The entry and back exit
-�:.
' -� -� doors, transom and adjacent windows are aluminum storefront style framing
' .< � with insulated glass. The additional windows along the east and south facades
�� �,; are operable aluminum clad casement windows. This addition appears to be
� ' -�`�- insulated and constructed to an energy level consistent with current guidelines.
' - � �-� .,. _ _ - �� ...
�it�
Figure 12 The roof on this addition is a low slope roof with built-up roofing and parapet
' � walls of 10" to 16" in height (Figure 14). There is a good roof slope
(approximately '/4" per foot) draining to two interior roof drains with no
._ apparent ponding noticed. The roofing and flashing both appear to be in good
' `�'" � condition as would be expected with an 8 year old. With minor maintenance
this system should last another 10 to 15 years.
�.
' "� � �'�x � Building Structure
���.� �
Figure 13 Exterior masonry bearing walls surround this addition consisting of a brick
' veneer wythe and concrete masonry unit bearing wythe. The roof structure clear
spans the addition and is likely metal bar joist with metal decking,although the
roof structure was not visible from the interior. The structure is in good
' condition with no cracking or settlement visible.
e� �I V! �,�__,. �'
. �
� .
'
' Figure 14
'
�
'
9
' City of Rosemount—St.Joseph's Facility Review CNH Architects,Inc.
'
� � � Heating, Cooling and Ventilation Systems
. . . .
The gathering space was built in 1996 and is the newest building/addition on the
' site.Perimeter fin-tube radiation provides heating to the space and appears to be
in excellent condition. The heating water is distributed to the space from the
church boiler plant.
' Air conditioning and ventilation is provided to the space from a Carrier
packaged rooftop cooling only unit. The unit is in good condition with no
' deficiencies observed.The controls are electric with a wall mounted thermostat
located in the space.
' Electrical Systems
' The gathering space was built in 1996 and is the newest building/addition on the
site. The gathering space is served from the electrical distribution in the lower
level of the Church. The power systems,lighting and emergency lighting in the
' space are in very good working condition. The life safety fire alarm systems
field devices are in good condition however they should be upgraded with the
entire building. GFI type receptacles shall be provided in the restrooms.
' Interior Condition
' �"�r In general,all interior finishes within this relatively recent addition are in good
�
condition with little maintenance needed or anticipated within the next 5 to 10
�s. years. The interior face of the exterior walls of this addition is burnished
�� .
, concrete masonry units in excellent condition. The bathroom walls are
drywalled with a 6'-0"wainscot of ceramic tile on the interior walls. The floors
are carpeted and in good condition within the gathering room and ceramic tile in
' ,`,'� . ... Y the restroom. Acoustical panel ceiling grid and tile are suspended throughout
Figure 15 this addition.
t _ � �
The gathering area addition does not have fire suppression, smoke detection or
' fire alarm systems.
� � � �
, ;
' ;=� Accessibility
� x
�� I .
This space was built under the current accessibility codes and generally appears
' � to meet these requirements. The only item noted was the baseboard heat unit
Figure 16 within the restroom encroaches on the side clearance of the water closet on the
' non-transfer side. This likely does not create a significant barrier for a
wheelchair user.
t
' 10
' City of Rosemount—St.Joseph's Facility Review CNH Architects,Inc.
'
�� • • •
' School Buildin
g
' ".-- �-y~�" In 1953 the school building was added to the site along with a small addition to
'��''� _� "`"� the north end of the school in 1957. Combined these two sections provide an
��� . ,
- _ additiona121,600 square feet to the overall facility. This portion ofthe building
' "'"""" is also of masonry construction and includes two floors of classroom along
� ���:.a.
;�' ' double loaded central corridor,a gymnasium and locker rooms,staff offices,and
'� Iz:i -��` a kitchen and cafeteria space.
' „ "�- �'
���� � �
Figure 17 Exterior Envelope
' �` `'�` '' �' � The building exterior is brick throughout with prefinished metal flashing at the
�aa�M ,r"kf`y�'����.�!' `+'��"�'+'��`,�t�i
�'��� ��'" '~' ���� 4�'� "�' roof edge. The windows are aluminum framed with some operable sliding
' � t`k����%��� � �F �-
� panes. The upper transom panes of the window system throughout the
�. � ��' '�, �;�'�.��.;� " ;�,,;��;��,i�; classrooms have been glazed with prefinished metal panels. The sills at these
;; .�' � �'� -' aluminum windows are brick. There are also glass block windows openings at
' "- F � �' y`" "� the gymnasium, kitchen and north stair. The roof is a built-up roof inembrane
�'� ���x�"'�"'"`�`4.*' ' .
,r with shallow parapet and flashing.
�..=;: 1� , ',.
,.�f '`
' --^-�-�--�^`_..-....Y,�_ . -
� The brick veneer mortar joints are generally not deteriorated and thus do not
� , .��f� � �� � � require tuck-pointing. There are,however, several areas where movement and
- �`'-�--r �`� ��' moisture have developed faults.
' . . .. � 9 � . .
Figure 18 Many of the steel lintels over the windows, both aluminum and glass block,
�.�.m � ���,,�,
have started to rust causing expansion of the steel and related brick cracks and
� ; k ,� :, � „_ loose mortar joints (Figures 17 & 18). This is likely being caused by moisture
, �r � �,� �
��;�',� � '� .�y � �A penetration the brick wall system through the brick and mortar joints and
� �� - ��� �� running down onto the steel lintels which do not have an integral flashing
� � "�,p ��.� � ' �� ,��
;:a�,��,t,, �i , #�,r system in this composite wall construction type. These lintels will need to be
� ' "''��`� �� �A� replaced which will also require significant reworking of the brick over each
4 _ ��� ���r ,
� �., � : ��E�� ' ���� window.
, fi ���� `
� �"� � ' There is also some cracking of brick at the wing wall in the northeast corner
f �� � =�'�����'' ���"�"��r���°' �,= of the school at the school entry (Figure 19). This appears like it might have
' ;:.. , � � ,,. .:,;t, f.,.r .: ; , .:
Figure 19 been from a vehicle impact. This area can be repaired with some minor tuck-
pointing. If vehicle circulation remains as it currently is, a bollard protecting
, �---� �-r - -�� �` the building should be added.
� ���k
, �;, The brick areas above and below the northern most window along the west wall
' =r �- -�_� :_ ��:° at the 1957 addition shows evidence of some settlement or expansion cracking
- � ,
`� `- - as well as total deterioration of the brick between the window and rade i e
�-� g (F�g�'
'`��� - � 20). It was noted that there are no control joints in any of the brick veneer
' throughout all sides of the school building. This results in the build up of forces
Figure 20
' 11
�
Ciry of Rosemount—St.Joseph's Facility Review CNH Architects,Inc. �
'
! .
Rosemount Mayor
From: Bill Droste [wdroste@frontiernet.net]
Sent: Tuesday, April 12, 2005 8:48 PM
To: Rosemount Mayor
Subject: Fw: DARTS
� �l�.
MTAB WEB.pdf
----- Original Message -----
From: Joelene Evenson <mailto:ioelene.evenson�a darts1.org>
To: wdroste(a�frontiernet.net <mailto:wdroste(cr�frontiernet.net>
Sent: Tuesday, April 12, 2005 3:34 PM
Subject: DARTS
Hello Bill—
Per my voicemail earlier today, I'm sending information about to the tours being offered by DARTS in 2005. As you know
first hand, this was a great way for us to educate community members about our work and the services we provide in
Rosemount and throughout the county. I'd greatly appreciate it if you would consider sharing this information with
members of the City Council or anyone else who you think might benefit from knowing more about DARTS. Please give
me a call and we can discuss this in more detail at a time thaYs convenient for you.
Thank you!
Joelene Evenson
Director of Resource Development
DARTS
1645 Marthaler Lane
West St. Paul, MN 55118
(651)234-2221
www.darts1.org <http://www.darts1.org>
www.caregiverMN.org <http://www.caregiverMN.org>
DARTS-Servrng Seniors, Families, Community
1
.
DARTS►
� ��;��'" � 2005 TOUR SCHEDULE
� Y a �.
� ��'� � � �-� ��a� �' Enjoy o continentaf breakfast or afternoon
�� � �
: �
'�' � _ refreshments during your visit
'�• °Y�y �,�'.: . .
�� � ��� TUESDAYS THURSDAYS
� i � �, D �, � � 3:00—4:Od PM 8:00—9:00 AM
� , « , � APRIL APai�5 APR��.t4
� APRIL 19 APRfL 2$
�- �,�a �.. � �
�
�. �� � �� ���
� � � � MAY MAY��3 �'��MAY 12�
�,_� � ��' '� ; ' � �
�. � ,� � �
� �� �s '��� Please RSVP tQ Darlene at 651-455-1560 �� MaY t7 � Mav 26
� �'�����'�� or dartene.f►ansora@dartsl.org.���� MnY:3�
�� = ,,� � � �
` -� �� � � � Ca�t For di�rectEons or visit www�r.�lartsl.�rg � ���
� � .JUNE .JUNE J4 JUNE�
`�� �� f �� �� to view a map to DARTS
� � � �� � � ��� � : JUNE 28 �� JUNE 23
� a� � �y�, � �
�°" ,}� � � 1645 Markhaler Lane West�Sk.Paul Mhf 55118
p.. ���� �. 1 f. �0�". . i ! ..
� �� I� � �� ";' � .• � www.dartsl.arg• 651-455-i5faQ JULY 12 �ULY 7 �
� � _� 9,:i�: � �_� �� ` JULY
.lUlY26 JU�.Y21
AUGUST Au�usr 9 Au�usr 4
DARTS is changing lives! A��UST� A���ST,$
You're invited to visit DARTS to see first hand how
SEPTEMBER �E��M6ER E SEPTEMBER 1
we're changing the lives of seniors and Families. . SEPTEMBER 15
DARTS staFFwill share special stories and guide you
through a tour of DARTS' campus. '
A I�c Hn�� �� ,
SeLect your day to visit from the dates on the right. A Cnamc N�c}fl ,; �
Your friends are we(come too! A PtncE�ro Tl�u
„ �1�5
1645 Marthaler Lane,West St. Paul,MN 55118
www.dartsl.org • 651-455-1560
'
when the brick expands and contracts based on temperature fluctuations. There
� . . . �,
are several cracked areas that likely are a result of this movement (Figure 21).
Cutting a vertical joint into the brick at a mortar joint line and installing a
' � . _ ,_ �� � '� �.: caulked control joint can address these areas.
� t �
�� ��,���������.
� ������� �, �, The roofing on all four levels of the school roof is a built-up roof inembrane.
� ���-��� -�� '` � These roofs are all flat without any noticeable slope to the edge scuppers
� ��.}�- �� t =.
�:����,� - resultin g in pondin g on all roof levels (Fi g u res 22—24). Pondin g on built-u p
��`��='� �� " ' roof systems speeds the aging process at those areas. This aging was evident at
�{:- ��- y.,�.�-,, �� ..
' _y _��"` ' several locations on the classroom and gyinnasium roofs. There are also roof
penetrations for mechanical equipment,plumbing vents and skylights with curbs
Figure 21 heights of less than 8"above the membrane(Figure 25). These low curbs create
' potential leaking risk,particularly during winter and spring thaws when melting
snow often pools above the roof inembrane. Finally,there are some locations of
' counterflashing with caulking that with deteriorating creating a route for water
to enter the wall system and eventually the building interior (Figure 26). In
general,the school roofs are currently in need of some short-term maintenance
' to reduce leaking risks and an annual review should be implemented. These
roofs have reached their life expectancy and are in need of replacement within
-� ��`� � =r'� the next few years.
.�. ,' .
i _ � < <.o ��
��_`--�-.�.�. _--�
_ _ _
,-� y,.,�
. _ ,� � .: ..::� -
_. � � , �_ �,._. _ �.� �
�� r. __ ..e,� . _ �. r� > ��-. __
� -
, , .�
,� �_
' �.-._. :
— �rrrr
_ � ---__� . ..:. I
Figure 22 - Gymnasium
�''' -
�
' ��� ��� _
R-�•� -�
.....,�.- ��
��� -�i�i
_� --.,
� Figure 23 - School Figure 25
�... � � -�,,,,,�;� � ,� � :
' �� °�'*��z� .�F t .�r� ��"� � � �-.� r M x E�� � '�
� � i � 1; f 1 , i �r "� I4�
•5 �.� :. � ,s
.- �`, .��� �.�� i �'L�� ��( � I�{ s .:_
�.. .t r >� r i .,, `�
. . . � � C� �;1);
� � ��R wf� r;�i� � .t:
' �,� r + �'t ' �`' t�.y�y r , �''�
� �
�~ � y� 3
. ��� ` ���!'��'�,. *�1 u x 4�.
re p E
1� ' ��'
_- i �����,�
�� '
' �:_ �- ..._ ' � �
Figure 24—Locker Room z �
�
_..
' =�- �� ` - �
. �.,� ��� �r� . � �. _ .:.�
� Fibure 26
12 �
City of Rosemount—St.Joseph's Facility Review CNEI Architects,[ne. �
'
'
� ' •• ' • Building Structure
'
The school building consists of a gym and a two story classroom area. No
' structural drawings were available for the school. The roof structure is bar j oists
with metal deck. The floors are bar joists with a concrete slab. The exterior
walls are brick and concrete unit masonry. There is a crack in the exterior brick
' wall on the west(back)side. Since there are very few control j oints in the brick
walls,the crack may be caused by thermal movement. The exterior brick angles
above the windows are corroded. The corrosion has not reached the point where
' it poses a structural concern, however, over time the brick immediately above
the corroded angles will likely start to spall off(previously shown in Figures 17
& 18). The corrosion may indicate some moisture is being trapped in the wall
� space between the brick and the masonry.
The gym floor is approximately 32" below grade. The gym wall consists of
' poured concrete below grade and masonry above. There are some cracks in the
east gym wall. These cracks may have been caused by loads from the basketball
t backboard. Additional supports appear to have been added to the front of the
Figure 27 backboard to prevent further cracking. There also are some cracks in the
masonry in the north wall of the gym(Figure 27). These cracks may be related
' to thermal movements and the lack of control joints in the walls. Both of these
cracks are more aesthetic than deemed to be of current structural concern.
' We do not have enough information to determine the load capacity of the
classroom floors.
' Heating, Cooling and Ventilation Systems
�" .4 ��� I!� ' In general, the lower level gymnasium and first floor are heated with air
�� � � r�
' systems. Supply registers discharge air from the interior wall. The sidewall
,. � -- registers/grilles located in the gymnasium is damaged and requires replacement.
_� ��,�_
' l� �. _� . . .
��;.� � The second floor is heated utilizing unit ventilators, convectors and fin-tube
� ' radiation. The unit ventilators introduce outdoor air into the room by means of a
� ,_ , ,� � wall louver/grille.In general,unit ventilators serve the classrooms(Figure 28);
' Figure 28 convectors serve toilet rooms and the computer room; baseboard fin-tube
radiation serves two multi-use rooms.
' No ventilation was observed in the interior rooms.Current codes and standards
require all occupied spaces to be ventilated.
, Our observations throughout the school indicated dated original heating
equipment that has exceeded the expected service life.
' The kitchen currently contains food heat processing appliances that produce
,
13 �
Ciry of Rosemount—St Joseph's Facility Review CNH Architects,Inc. �
'
'
' grease vapors or smoke. A Type I hood and exhaust system is required by
. . .� .
current codes and standards. These codes and standards require a ventilated
enclosure around the exhaust duct,a ventilated roof curb and a high temperature
' rated upblast exhaust fan. Based upon our observation, the current exhaust
system appears to not incorporate those features,therefore is non-compliant.In
addition, no fire suppression system for the hood was observed.
, This buildin is not mechanicall cooled.
g Y
' Electrical Systems
' i ■ The main electrical distribution equipment for the School is run through the
� utility room in the Church basement. As noted before, this service is
� �
�� u �O - approximately 40 years old and has reached its expected service life. Parts for
t �"' �� much of the distribution equipment are not readily available which result in a
� �'k ' premium being paid for any modifications to the system. It is recommended
,.�.
� - x ' �, that the owner consider upgrading the service in their future plans.
�" _ ..:,����,:�
' �
Figure 29 The second electrical service to the facility is derived from a pad-mounted three
phase utility transformer on the west side of the building near the Kitchen
, (Figure 29). The second service feeds a 200-amp three phase, 120/208-volt
panel in the Kitchen. The second service is dedicated to the Kitchen area of the
building.
' The main electrical distribution equipment for the Kitchen area is in very good
operable condition and will serve the electrical needs of the area if the loading
' profile does not change drastically.
• � ` ' ''' In general,the electrical systems in the school are dated and in need of electrical
' �, upgrades. The electrical panelboards are manufactured by Bulldog,a company
which has been dissolved (Figure 30). As a result, panelboard parts are not
readily available. As a result we recommend that the panelboards be replaced
' throughout the school.
r
' • � - • — The primary lighting system throughout the school consists of 4-foot,
Figure 30 fluorescent T-12 lamps. The lighting in the school area is nearing the end of its
useful life and we recommend that an energy efficient source such as T-8 lamps
' with electronic ballasts be installed.
The fire alarm system in the school is in need of upgrade. The system is a 120-
' volt,hardwired system that that is integrated into the panel in the lower level of
the Church. The equipment is very dated and the coverage of the devices does
not meet the intent of the Life Safety Code. We recommend that a new
' addressable fire alarm system be considered to meet the immediate and long-
term safety needs of the facility.
'
14
� City of Rosemount—St.Joseph's Facility Review CNH Architects,Inc.
'
� � o� � � Exit signage and egress lighting appear to be in good operable condition. The
coverage of the egress lighting was not measured to insure that it meets the
' intent of the Life Safety Code.
Interior Conditions
' ���'.
s�� � i_ The interior walls on each side of the corridor are bearing walls holding up the
�a
tt�•.3�� ����ay�. floor or roof structure above. These walls are almost all masonry construction
! ,: typically with glazed brick wainscots and painted concrete block on the upper
�+ ' 4 wall portions (Figure 31).
�� � �
t '� Corridors and classrooms floors are carpeted with most areas in good condition.
Figure 31
� The corridor ceilings on both levels are suspended acoustical grid in relatively
good condition. On the other hand, the classroom ceilings are lxl concealed
spline acoustical tile and have many areas of stains or other damage(Figure 32).
' . � .� w
' The corridor doors are not fire-rated as would be required under the current
s codes. These doors do not have automatic closures and also have louvers cut
�- � into the middle of the door to allow for air movement as was common at the
' ; ", time of construction(Figure 33).
Figure 32
' The gymnasium space is sized for a medium sized basketball court without any
spectator or team bench area. The walls,floor,and ceiling are in relatively good
shape with the exception of the cracks previously noted in the exterior wa11s and
' behind the east backboard.
. ,� ,
e
- The kitchen appears to be mostly up to health department codes and seems
� `� relatively functional for food preparation and dishwashing.
� ��
' �- , Accessibility
� � `�N� n '�'� i
;�� _� ,�- `` ,
,�_�, : Accessibility in the School building is very lacking. First of all,the building is
arranged into six distinctly different levels without any ramps or elevator. The
� � � � main school entry provides access to the lower level classroom hall only. The
' existing stairs do not have any accessible railings.
' �w puNe�
;; � Restrooms are not in accessible areas, do not have accessible fixtures and
generally are two small at the entry to provide the required clearances. The
' drinking fountains in the hallways are not at the correct heights.
Figure 33 Finally, many of the room doors are 32" wide which would not allow access
� into those rooms Also all doors have knob handles except for the two exterior
entries.
' 15
� City of Rosemount—St.Joseph's Facility Review CNH Architects,Inc.
r
� _ _ __ .
' Our project team discussed the current functional and aesthetic potential of the
buildings,their possible future uses,and the basic upgrades needed to minimally
� be appropriate for these potential uses. Included in this review are code
requirements, functional changes, anticipated maintenance, and the potential
costs of these items. The goal is to provide infortnation to aid the City of
� Rosemount in determining the best use of each portion of the buildings and the
minimum costs associated with these upgrades. These costs are noted as
minimum since there would likely be additional remodeling costs to upgrade
� functions, interior or exterior material finishes, signage and other related costs
that would be optional, but desirable to best use these facilities.
� Use Options
� CNH Architects reviewed possible future uses of each portion of the building
based on other facilities in similar cities, the unique characteristics of the
buildings, as well as in-depth discussions with City Staff.
� Aesthetically, the Church building has a lot to offer both on the exterior and
interior. On the exterior,its highly detailed construction,height of the roof and
� tower compared to surrounding buildings and its history within the City of
Rosemount all add to the building's intrinsic value.
' It is our understanding that the school will use the Church intermittently for
assembly or worship and that the School will remain in operation at the current
location possibly until 2011. In addition the gathering area will be used as a
' Kindergarten classroom until the relocation of the school. Also as studied in the
previous Master plan review done by CNH Architects,the neighboring portion
� of the site is planned for a new Library facility,which ideally will be connected
in some fashion to the Church building and its future uses. The partial use of
the Church, full use of the School for the next six years and the three year
� timeline before the Library is completed all impact the current development
potential of the Church and School buildings. These conditions will likely
result in a phased transition from the current uses to the final uses for each
� portion of the facility.
Church Building Uses
� The Church building is a natural gathering area and, as such, is well suited for
multiple types of assembly uses. These uses could range from concentrated
� assembly occupancies with up to about 300 people arranged in theater type
seating, to moderate assembly functions that would include up to 150 people
seated around tables, and finally could also have more casual assembly usages
� with people wandering through or gathering in small group areas.
� 16
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City of Rosemount—St.Joseph's Facility Review CNH Architects,Inc. �
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1
- - - ,
' First,concentrated assembly event usages might include such functions as small
theater performances,music groups; speeches;non-denominational weddings,
and public meetings for City Council, Planning Commission or Public Works
' topics likely to draw larger audiences or when the Council Chambers are in use.
Moderately concentrated assembly functions might include art exhibitions,
' banquets, large training or conference functions, receptions and award
ceremonies.
' There is also good potential for lower level assembly and public use functions.
These might include areas for casual public gatherings, reading nooks,
' children's story time or possibly an atrium with indoor gardens and fountains.
With caxeful development of the Church building intenors, the space could
' remain flexible enough to allow almost all of the above uses just based on how
the furniture was setup.
' The Chapel could be used as a support space for the main assembly area for
such things as dressing rooms or storage. It also could be a nice space for
smaller meetings. Finally, the room would likewise make a very nice exhibit
' space for artwork or historical artifacts.
School Building Uses
' Reviewing the School building uses,it became apparent that there could be two
divergent directions that the occupancy could take.
' First,the building could function as a community activity and meeting center.
This use could include arts and crafts functions,senior activities,teen activities
' as well as additional public meeting rooms. The classrooms are of an
appropriate size and configuration for art classes ranging from the traditional
' pottery and painting to more craft type activities. They would also work well
for many typical teen or senior group functions. Some of the classrooms could
also be developed into meeting rooms that could be reserved for public uses
' such as birthday parties, scouting meetings, or more formal business meeting
rentals. Under this type of use the gymnasium and lunchroom spaces would
work well for exhibitions of the artwork done in the public classes, teen or
' senior banquets, or other larger meetings.
The second functional direction that could be pursued would be to remodel the
' classrooms into small office suites. This approach could facilitate either a
public supported business incubator site or be sold to a private developer for a
more traditional office usage. Within this use model,the gymnasium, kitchen
' and lunchroom areas could be remodeled into a neighborhood restaurant,which
would be compatible with the business usage.
' 17
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City of Rosemount—St.Joseph's Facility Review CNH Architects,Inc. �
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'
' ' - '��� y Required Upgrades — Church and Gathering Area
' _ " '
Exterior Envelope I
' `
The exterior of the Church building appears to have been regularly maintained
over the past years; however, there were a few items needing attention as
' identified in earlier in this study. These items include some minor tuck-
,��,�,� ' �`�
pointing, rebuilding the steps at the Chapel and repair some other stonework
' ,, ��'� around the exterior.
i:�� .
� ' ` � There was some discussion about the religious icons built into the church facade
' � '���° and tower relative to their existence in a municipal facility(Figure 34). While
��
�_. �+ this issue is not a code requirement, the City will need to determine if this
� � �
��� imagery can remain.
' Figure 34 M Building Structure
' Structurally, the building did not have any deficiencies noted. The one
restriction was the balcony structure at the east end of the sanctuary was not
visible and therefore we could not assess the load capacity of that area.
' Heating, Cooling and Ventilation
' Any major renovations to the existing building that results in an occupancy
classification change will require compliance to current codes and standards.
This action certainly will require new ventilation systems that would be capable
' of introducing outdoor air into the buildings for the occupants as mandated by
ASHRAE Standard 62.In addition,new mechanical air handling systems would
' be required if the buildings were to be mechanically cooled.
The current temperature control system is a combination of electric and
' pneumatic all of which is dated.It is recommended that the system be converted
to direct digital control (DDC) that will be capable of monitoring and
controlling all HVAC functions in lieu of expanded the existing system.
' Consideration should be given to the replacement of the existing boilers with
high efficiency condensing boilers as well as combining pumps that can be
' equipped with variable speed drives for energy savings.
Plumbing Systems
' The existing facility does not currently have a fire protection sprinkler system.
Due to the adoption of the International Building Code, a fire protection
' sprinkler system will be required for any maj or renovations or additions.A new
' 18
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City of Rosemount—St Joseph's Facility Review CNH Architects,Inc. �
1
'
_- _ _
`_' , �.� }�* —`-' water main (6" typical) into the facility will be required to serve the fire
' - protection system.
t Accessible bathrooms and providing sufficient quantities of fixture units will
also will need to be upgraded and will be covered in greater depth under the
code review paragraphs.
' Electrical Systems
' Any major renovations to the existing buildings that results in an occupancy
classification change will require compliance to current codes and standards.
This action certainly will require an upgrade in the life safety systems.
' Th i ' tem is inade uate to serve its current or future
e ex stmg facility fire alarm sys q
' safety requirements of the facility. As a result we recommend that the fire alarm
system be upgraded throughout.
' The current lighting system is in operable condition; however it is nearing the
end of its useful life. We recommend that the owner consider upgrading the
lighting in the basement of the Church. The main floor lighting may need to be
' supplemented to meet the needs of some of the uses but the current main lights
may want to be maintained for aesthetic reasons.
� The electrical service and panelboards associated with the Church service
should be upgraded.
' Interior Condition & Code Requirements
In general the interiors of the Church are in excellent condition and would not
' require repair or replacement to be used. A second exit from the sanctuary
space would need to be upgraded to maintain the full required exit width, but
' this can be achieved with minor remodeling. There are no area or occupancy
separations required as long as the entire building is being used for an assembly
function of one kind or another.
' The interior also has Christian icons that, as noted above,may be of concern to
the City. It was noted that the images on the stain glass windows are small and
' painted on. These could either be replaced or the paintings removed. The
majority of the stained glass window area is geometric design in art glass. The
other main area of icons is the carving in the wood railing posts. These areas
, could be covered with a matching wood trim.
Based on the age of the building, this building may also have asbestos
' containing flooring tile and heating pipe insulation. CNH Architects did not
review for asbestos and recommends having a qualified testing agency evaluate
II '
19 �
City of Rosemotmt—St.Joseph's Facility Review CNH Architects,Inc. �
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'
' - - -_ � the facility and make recommendations for covering,encapsulating,or removal.
Accessibility
' A main accessible entrance along with accessible parking would be required to
be added to get into the main Church building. The current Gathering Area
' provides a ramped access,which would provide this with some minor upgrades,
but this area will be used by the Kindergarten for the next six years. An exterior
ramp could be built providing access to the front entry door either temporarily
' or in a permanent fashion. It is also our recommendation to add a HC door
operator to open one leaf of the main entry. All doors with knob hardware
' would also need to be upgraded to lever.
Once inside the entry, the mam floor area is basically accessible.
' The next area that would require an accessible route is to the stage area and
adjacent chapel. One approach to resolve both of these locations would be to
' build a ramp in the left transept area,extend the stage out to allow an accessible
route from the ramp, and finally extend the raised floor into the chapel.
' Finally,there would need to be an accessible HC restroom for men and women.
This requirement could be met by adding single use restrooms, one for each
gender. These restrooms could be added on the main level in the existing
' sacristy area if the floor was lowered and the space totally remodeled.
It is assumed that the basement level will remain non-public use areas except for
' the non-accessible restrooms. This will not require the addition of an elevator
for such a small area.
' With the addition of the HC restrooms noted above,the Church building would
meet the required number of plumbing fixtures for over 300 occupants.
'
'
,
'
'
' 20
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Ciry of Rosemount—St.Josepl�'s Facility Review CNH Architects,Inc. �
'
'
� � - - . • � Required Upgrades — School Building
Exterior Envelope
� The exterior of the school building will need attention in several locations to
minimize the potential further damage of the exte:rior envelope. The first area
� noted in the survey of the existing facility is the replacement of rusting steel
lintels in the brick composite wall over many wind�ow locations. This will entail
' removing the brick in that area,replacing the lintels and then reconstruction of
the wall system. These repairs should occur in the next few years to prevent the
possible failure of the lintels and the resulting falling bricks.
' There are also several of area brick wall along the north end of the school that
were previously noted as requiring some reconstruction and, in more limited
� areas, tuck-pointing. These should be addressed within the next few years to
prevent leaking and failure of the brick face.
� The final major repair area on the exterior of the school building is the BUR
membrane roofs. As previously described,all roof's on the school have reached
their life expectancy. With annual maintenance, a few more years may be
� obtained but replacement should be anticipated rio later than 2011 when the
lease is completed with the current occupants.
' Building Structure
Other than the steel lintels over the windows prf;viously noted, there are no
, items that were noted relative to the overall building structural system that
would need replacement. Further structural review of the classroom floor
� loading capacities is recommended.
Heating, Cooling and Ventilation
' As noted before, any major renovations to the exi�:ting buildings that results in
an occupancy classification change will require compliance to current codes and
� standards.This action certainly will require new ve�ntilation systems that would
be capable of introducing outdoor air into the buildings for the occupants as
mandated by ASHRAE Standard 62. In addition,riew mechanical air handling
� systems would be required if the building was to l�e mechanically cooled.
The current temperature control system is a c��mbination of electric and
' pneumatic all of which is dated.It is recommended that the system be converted
to direct digital control (DDC) that will be capable of monitoring and
controlling all HVAC functions in lieu of expandf;d the existing system.
,
� 21
' City of Rosemount—St.Joseph's Facility Review CNH Architects,Inc.
'
- - -_ . Plumbing Systems
'
The existing facility does not currently have a fire protection sprinkler system.
' Due to the adoption of the International Building Code, a fire protection
sprinkler system will be required for any maj or reriovations ar additions.A new
water main (6" typical) into the facility will be required to serve the fire
' protection system.
Accessible bathrooms and providing sufficient q�uantities of fixture units will
' also will need to be upgraded and will be covered in greater depth under the
code review paragraphs.
' Electrical Systems
' Any major renovations to the existing school building that results in an
occupancy classification change will require com.pliance to current codes and
standards. This action certainly will require ari upgrade m the life safety
' systems.
The existing facility fire alarm system is inadequal:e to serve its current or future
' safety requirements of the facility. As a result we recommend that the fire alarm
system be upgraded throughout.
' The current lighting system is in operable condition; however it is nearing the
end of its useful life. We recommend that the o��ner consider upgrading the
lighting throughout the school with energy efficient sources.
' The electrical service and panelboards associate�i with the School should be
upgraded. This includes all areas of the building except the Kitchen.
' Interior Condition & Code Requirements
' The interior finishes of the School building are relatively durable and in
generally good condition. Minor touchup and ceiling tile replacement would
' respond to the space needs if used for an arts classroom. If the office suite
approach was pursued,a more extensive update would be necessary to provide
space that would be compatible wrth other office facilrties. None of this
' aesthetic remodeling would however be required solely by code deficiencies.
Upgrading the school building for code requirements would be more involved.
' In an Art Center type use, all the main corridors would need to be fire-rated.
The masonry walls axe likely meeting that requirement; however, all the doors
and frames would need to be replaced throughout the building to provide the
t required ratings. This would not be required for the office use if the building
�vas fully fire-sprinkled.
' 22
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City of Rosemount—St Joseph's Facility Review CNH Architects,Inc. �
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'
_ - �-w;� :�-
�� �:_
_ - -��� ��1s,,�i� ` There are three main stairwells between levels all of which are open to the
' corridor system. Two of the three stairwells would need to be enclosed which
would involve quiet a bit of remodeling. Ap��ropriate handrails and rail
' extension would also need to be added.
Based on the age of the building, this buildirig may also have asbestos
' containing flooring tile and heating pipe insulation. CNH Architects did not
review for asbestos and recommends having a qua:�ified testing agency evaluate
the facility and make recommendations for coverir�g,encapsulating,or removal.
' Accessibili
�
' Providing accessibility to the School building wc►uld likewise be challenging
due to the quantity of levels and the fact that the levels are not all stacked in
' close adjacency and the total lack of any accessible restrooms.
Adding an elevator in some location such as by the main school entry might be
' able to provide access to both classroom levels and the lunchroom axea. The
offices and small classrooms that open off of the landings at mid-levels along
the two stairwells would likely not be reasonably made accessible and would
' therefore need to be used far starage and other ac,cessory uses that would not
require access.
' All restrooms and locker rooms throughout this bu.ilding are also not accessible.
In an existing building such as this, adding a sirigle use handicap accessible
restroom for each gender would be acceptable. It may be best to do this by
' remodeling one of the existing multi-use bathro�oms into the two single use
accessible facilities.
tIf the doors aren't replaced under the office func��tion, as they would be in the
arts center use,all knob hardware would still need to be replaced throughout the
building and any door that doesn't provide a 32 in.ch clearance would also still
' need to be replaced. These two items would still amount to a significant door
replacement and upgrade process.
'
'
'
'
' 23
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City of Rosemount—St.Joseph's Facility Review CNH Arcl�itects,Inc. �
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, ,,, , , _ � ,, ,
' - - ��-' i Budgetary Cost Impacts
�� - ,
The following table of Estimated Probable Const�fuction Costs for each major
' item or category mentioned above meant to cover the required upgrades to use
different parts of the facility for each intended usf;. These costs will bring the
' building into basic code compliance,provide accessibility,and incorporate any
maintenance that would be essential to prevent da.mage or deterioration of the
buildings. The following costs also do not include any site costs for parkmg lot,
' storm drainage or landscaping upgrades.
Additional cost beyond those identified below may be incorporated into any
' remodeling project of either building at the City's option to improve its
usability, connections to surrounding buildings such as the new library, or to
upgrade the building's aesthetics.
t
'
'
'
'
'
'
'
,
'
'
' 24
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City of Rosemount—St.Joseph's Faciliry Review CNH Architects,Inc. �
'
'
' � �
Church & Gathering Area
, Descrtiption Quantity Unit Cost Total Cost
Exterior
Stonework repair 1 $4,000 $4,000
' Structure �
No work 0 $0 $0
HVAC '
' New ventilation &cooling system 1 $110,000 $110,000
Temperature control system 1 $15,000 $15,000
Boiler replacement(size to serve
' church only) 1 $60,000 $60,000
Plumbing
Fire suppression system 10,450 $2.25 $23,513
' (Bathrooms will be inciuded
below under accessibility) 0 $0 $0
Electrical
' Church electircal service and fire
alarm upgrade 1 $50,000 $50,000
Gathering area fire alarm
' upgrade 1 $5,000 $5,000
Interior Condition 8� Codes
Exiting upgrade 1 $6,000 $6,000
Accessibility
' Provide accessible exterior
entrance (temporary approach to
front doors assumed) 1 $8,000 $8,000
' Install HC operator on one front
door leaf 1 $3,000 $3,000
Upgrade knob hardware to lever 6 $500 $3,000
� Interior ramp and stage extension 1 $22,000 $22,000
Add single-use HC restroom -
one per gender 2 $12,000 $24,000
, Suk>total $333,513
Contingency 15% $50,027
Softcosts 8� Equipment
' Design Fees (A/E) -estimated 12% $46,025
FFE equipment Unknown
' Minimum Total Church & Gathering Area Upgrade $429,564
�
'
' 25
�
tCity of Rosemount—St.Joseph's Facility Revie�v CNH Architects,Ina �
�
, - - -. •
School Building
Descrtiption Quantity Unit Cost Total Cost
� Exterior
Replace rusting steel lintels over
windows 22 $1,500 $33,000
� Tuckpoint and rebuild brick
around NW corner of building 1 $5,000 $5,000
Replace BUR roofs, flashings&
' upgrade insulation to meet code 13,500 $11.50 $155,250
Structure
(No work- lintels noted above) 0 $0 $0
HVAC '"'` �`
� New ventilation &cooling system 1 $400,000 $400,000
Temperature control system 1 $35,000 $35,000
� Boiler replacement(upgrade size
of church boiler to serve both) 1 $30,000 $30,000
� Plumbing
Fire suppression system 21,600 $2.25 $48,600
(Bathrooms will be included
� below under accessibility) 0 $0 $0
Electrical
Fire alarm, lighting, panel board
upgrades 1 $150,000 $150,000
, Interior Condition & Codes
Replace corridor doors with fire
rated openings 25 $1,500 $37,500
' Enclose and fire rate stairwell 2 $8,000 $16,000
Fire rate corridor wall
penatrations 1 $4,000 $4,000
' Accessibility
Add three-stop elevator and
enclosure 1 $90,000 $90,000
' Add single-use HC restroom -
one per gender 2 $12,000 $24,000
Upgrade knob handles not
already replaced above 20 $500 $10,000
� Miscellaneous HC upgrades 1 $5,000 $5,000
Subtotal $1,043,350
Contingency 15% $156,503
� Softcosts & Equipment
Design Fees (A/E) -estimated 10% $119,985
FFE equipment Unknown
� Minimum Total Church 8�Gathering Area Upgrade� $1,319,838
'
� 26
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City of Rosemoimt-St Joseph's Facility Review CNH Architects,Inc. �
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'
' �� - - • Parking Analysis
The use of the church and school buildings fc►r the new functions noted
' previously will be impacted by the parking avail able for use by participants
within the facilities at the same time. Likewise,th.e available parking could be
' determined in several ways depending on the future development of the Library
site and adjacent land. The following section will outline the required parking
for each function based on the Zoning Ordinance and then list the potential
' parking quantities available.
Parking Requirements - Future Use Opl:ions
' Assembly (Church Building) -Only one of the following at a time
Qty Descrtiption Occupants Rate Total Stalls
' Concentrated seating uses
1 (1stall / 3 occ) 300 0.333 100
Moderate seating uses (1stall /
1 3 occ) 150 0.333 50
' Low density seating uses (1stall
1 / 3 occ) 75 0.333 25
' Classrooms 8� Meeting rooms(School Building) - Up to 9 total rooms
Qty Description Occupants Rate Stalls
Arts & crafts rooms (1stall / 2
' 3 occ) 20 0.500 10
3 Meeting rooms (1stall / 3 occ) 40 0.330 13
Senior or Teen functions (1 stall
' 3 / 2 occ) 20 0.500 10
Gymnasium (School Building) -Only one of ths� following at a time
Qty Description Occ / Area Rate Stalls
' 1 Meetings (1stall / 3 occ) 212 0.330 70
1 Exhibits (1stall / 500 GFA) 3,182 0.002 6
' Lunchroom (School Building) -Only one of the following at a time
Qty Description Occupants Rate Stalls
1 Meetings (1stall / 3 occ) 85 0.330 28
' 1 Exhibits (1stall / 500 GFA) 1,276 0.002 3
Offices (School Building)
Qty Description Area Rate Stalls
' Office space (5 stalls / 1000
1 GFA) 21,600 0.005 108
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' 27
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City of Rosemount—St Joseph's Facility Review CNH Architects,Inc. �
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� ' ' '- • As noted in the table above,there are several use options for each space, some
' of which significantly impact the parking requirements. The worst case usage
assuming full occupancy of both facilities at their highest loads would result in a
' total parking need of 297 stalls under the assembly and classroom usages. If the
school was remodeled into offices, the worst case usage would result in a
requirement of 208 stalls. It is unlikely that a ful l occupancy of both buildings
' at their highest loads would occur at the same time;therefore, a lower parking
quantity could be expected. These levels could be estimated using the table
above along with program assumptions or act��al programming limitations
' developed by the City of Rosemount.
The available parking on the existing site after t�ie construction of the Library
' and all associated parking as shown on the pre`�ious Site Master Plan Study
would range between 200 and 210 stalls de��ending on how the site is
' developed. The library is requesting 80 to 100 stalls under their first phase
building expanding to 120 stalls under the maxim�un building area whenever the
second phase is added. This leaves 90 to 100 stalls dedicated to the church and
' school building uses on this site. There is also an additional 54 stalls across
Highway 3 in the public parking lot that would potentially be available during
peak event times.
' The final item that may be considered into the �ivailable parking stalls is the
potential to negotiate shared parking usage with the Library depending on their
' hours of operation and anticipated usage levels. This option would bring the
maximum stalls available on this site and adjacerit public land to a total of 264
stalls.
' In suininary,there is not sufficient parking on or adjacent to the site to support a
simultaneous use of all of the St. Joseph's fa�;ility at their highest levels.
' However, with reasonable programming contro�ls there is room for enough
parking to accommodate an active schedule witrun this facility. I should also
note that there would be parking lot construction��osts involved in reaching the
' maximum quantity of parking stalls noted withir�this review. These amounts
would be dependant on how the site is divided between the Library and City
' functions and, as such, are difficult to identify at this time.
'
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' 28
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City of Rosemount—St.Joseph's Faciliry Review CNH Architects,Inc. �
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'
This feasibility study has reviewed the existing co�iditions inside and outside of
' the St. Joseph's Church building and the attached school building. All major
upcoming maintenance needs and code deficiencies of the facilities were
evaluated. Next the buildings were reviewed for future potential uses and the
' resulting minimum upgrades needed for each basiic use.
The Church Building has a lot of potential both in its existing aesthetic value
' and community history as well as the relative ease of upgrading the building
into the proposed assembly occupancies. In our opinion, this building and
interior space provides a great deal of character that would be very expensive to
' replace or incorporate into a new building. In addition, the proximity to the
upcoming Dakota County Library provides signifi cant opportunities to partner
with the Library, integrating the public spaces into a combination beneficial to
' each facility.
The School Building has some opporlunities for future use but also has
tsignificantly mare anticipated maintenance andl upgrade costs. With the
minimum costs to upgrade reaching approximatel��$60 per square foot,the uses
will need to be caxefully evaluated as to whether they are the highest and best
' use for this centrally located property.
'
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' 29
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City of Rosemount—St.Joseph's Facility Review CNH Architects,Ina �
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. ` • •- •
'
The following Mechanical and Electrical Photo Reports review the respective
, systems in greater detail with relevant photograph�s for each topic.
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' 30
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City of Rosemount—St Joseph's Facility Review CNH Architects,Ina �
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� Mechanical Systems Review
St. Joseph Church
r
Buildin S stems Descri tion Conditions/Comments
�
°_�� ��,�i�",���� ��- •Boiler combustion air intakes, • Ductwork isc damaged due to
�_ - : � , one per boiler. the unprotected exposure to
' the parking lot and play
,
•Intakes are routed through area.
- � ' existing window openings
� � _ �; .
� �__ '� � ���: �
£� :�
' �;,�� *� �-�°' ���� .��ro=�ua
Combustion Air Intakes
� ___---�
•Unit Ventilator Intake Grille. • Original grilles,
_-- - � approximaiely 45 years old.
• Some corrosion and
:� blockage visible.
' --
-�—
.�...,�--�_
, Unit Ventilator Intake Grille
^F--�--• - � � �� �� � , •Potable domestic water • Tank is dai:ed, age unknown.
� '�-�
��-: ----, storage tank. Most likely has exceeded
� the expected service life.
�:
��'_ -�
� ,�_ �: ° • New re-cirrulation water
1 �1 pump in e�:cellent condition.
�.
�• �
� �� :
' ., �,�
4
;P� -iZ� � _..�...
;:;���la.�_�Sto�age Tank
'
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Engineering Design Initiative, Ltd. it. Joseph Church
� EDI Project No. 04-118
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1
' Buildin S stems Descri tion Conditians/Comments
' ;� < ; _ •Potable gas fired domestic • Heater is dated and near its
water heater. expected service life.
{ ��
;.,
� . •Water is circulated through
' �;.. �_ � the storage tank and heater.
��� �
`
' i���
' } ��'
� ��
.;,-s�.,� �
' F��
Domestic Water Heater
' � '� •Base mounted heating pump. • Pump ha<.; reached its
�� �� expected service life, based
� �� � t�� upon ASHRAE Data.
•,__�-____,1_ 1i� "�°�. "'�,..,,�,�
' --. _ • Visible corrosion observed.
� � � _
�-, � - • Insulation deterioration and
' � 'Yf F3,; } � damage ubserved in
� - numerous locations.
Heating Zone Pump
' ,�� ,°� ;� ��� � i •Inline heating pumps. . Some purnps have been
�� � r recently replaced.
� � �
' • Visible carrosion on piping.
` ,� • Insulation deterioration and
,�ra ��:.: � . :. � ; damage abserved in
� � �.;, numerou�c locations.
. � == ��.-
.;;��illiy �vi?c .�:,ii1�S
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Engineering Design Initiative, Ltd. St. Joseph Church
' EDI Project No. 04-118
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' Buildin S stems Descri tion Conditia�ns/Comments
' � � � •One of two Hot water heating • Boiler is��pproximately 40
boilers. years old and as such, has
exceeded the expected
� ' � - •Dual fueled Gordon Piatt service life of 25 years,
' �` :y ,, ,�__" burners. Burners appear to based upun ASHRAE data;
����� � be original equipment. however it appears to be in
� � good worl<ing condition.
_ . � �
' . .
� '``�E • Fuel oil is no longer
� available; therefore natural
� �=_�� � � gas is the primary and only
+ w f'
x � fuel sourc:e.
' �� ��y � �j',
_� i
' =
Heating Boiler No. 1
' � � � _ � •Second hot water heating • Similar to Boiler No. 1.
y boiler.
- �_ �
' 4 y
;s =
I
' — f�'�'�. '
�, , �� (
t:�`r �
�
' � x ��-� ':� �.
_ u,���� i' � ,
' Y
4 1
�
~ Heating Boiler No. 2
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Engineering Design Initiative, Ltd. St. Joseph Church
' EDI Project No. 04-118
'
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' Buildin S stems Descri tion Conditions/Comments
- •Water softener and brine • Visible corrosion on tank
' =� �" »- � � #' tank. and associ,�ted piping. II
�� �' � �
�� �
�_' • In poor condition;
' �
replacement recommended.
� ��
��;
s-
� }{� � ��
' � k
`J�J�l'�1�'�'�f Gn i�e�' �
' '�� t yPR V •Temperature control • Visible corrosion on tank.
�y ', compressor.
` *r •Pneumatic control system . Compressc�r head has
��,' _
' �� ;� serves the church with recently been replaced and
� �� � �;, electric controls for the is in excell�ent condition.
' � school building.
S
�IS�': - .n . .
Temperature Control
' Compressor
�-�� - � - �_ .�>
�.�r�_, •Boiler room combustion air . Exterior d�ictwork is
' � �� , ... � intake. damaged.
� �- �`-w-�
4� <
<,
7 `
. (� ��� �f ��. 4
' � L ti _
4 �
-.�'�.... ''��.
f. �.";�J!� .
' Combustion Air Intake
� _
� #� � •Sewage ejector serves + State Plumbing Code
'' lumbin fixtures located on requires a gas tight vented
I ' P 9
� the lower level of the church. cover.
'
� � _
' Sewage Ejector
'
'
Engineering Design Initiative, Ltd. 3t. Joseph Church
' EDI Project No. 04-118
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' Buildin S stems Descri tion Conditions/Comments
•Hot water fin tube radiation • Appears to be in good
' located in the sanctuary. working condition.
`x
j
�
�
, T,�
' �
Fi, Tube Radiation �
' - ��
�� •Hot water fin tube radiation • Approximately 8 years old
r;��� �m;. ,
located in the gathering and in excellent condition.
space.
' �°"''��=8
�. t �
��
' � Y '
. j ����.j��,
Fin Tube Radiation
� ""'"� •Serves the kitchen hood. • Requires a ventilated roof
� curb to be in compliance
�� with current codes and
' �,,�...,..-�'. �I � ��w��*`,'�`"'� standards.
�------
w�.
� �� �
d:s�_ Y.�,:;:. ... ..
Kitchen Hood Fan
' .
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Engineering Design Initiative, Ltd. St. Joseph Church
EDI Project No. 04-118
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' Buildin S stems Descri tion Conditions/Comments
� •Heating and cooling rooftop • Equipment is less then 8
unit serving the gathering years old and appears to be
' space. in excellent working
y� � tiF.�
�� �� _ _ condition.
;;-� 1� •Exhaust fan providing
, <;�'�±� general exhaust.
,. :, .,.
' } R f ,
0o Over Gathering Space
� ��� �
�
;_�� = •Exhaust fan serving first level
�""�` ' toilet rooms.
�"
� -
� ��;�
�
� ���1
Exhaust Fan �
� •Exhaust fan located above • Fan has exceeded the
school building. expected service life based
� upon ASHRAE data.
� — _ -�-�;�_ � • Visible corrosion.
�_ �- I
- �1 �II'�, �1:° i
I � {h ,
' • Replacement
recommended.
Exhaust Fan
� -
� -- •Kitchen dishwasher.
�� � �
� '�-"".�.,�",- '
�� � � r' � I
� �
� � Dishwasher
r
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Engineering Design Initiative, Ltd. St. Joseph Church
� EDI Project No. 04-118
'
'
' Buildin S stems Descri tion Conditions/Comments
� � -� •Kitchen Hood. • No fire suppression system
was observed.
�� .� �'
,-°"�
� � -
t _ _"
;e �� . � �
� i - - ��� ���
Kitchen Exhaust�iocd
' •Gym Grilles. • Grilles are damaged and in
�., r need of replacement.
u._�_ � .__ x ;,_ �,.. -
�� : �i1�11�� _
' � � ���
�
�
, �$_
rt.
Gym Grilles
' - �3 •Toilet lavatories located in • Fixtures are not in
� � � the school building. compliance with ADA
(American Disabilities Act)
`L;� for heights and dearances.
' e ' �^
�
,�
�
_�,;a;�v�i�:
' , i- '� ,�
_ �a � � •Classroom unit ventilator • Appears to be original
- ��� ` I � � providing heating and equipment and has
' ' _ �� ventilation. exceeded the expected
�`�- � service life based upon
- �- � �. _`�--_� ASHRAE data.
_ �• .� �
' � �
�.;
�
" �
Classrco;r: �:�::_v��;i;iato�
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Engineering Design Initiative, Ltd. St. Jossph Church
' EDI Project No. 04-118
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' Buildin S stems Descri tion Conditions/Comments
� '�g � -,� •Typical for classrooms to • Openings from adjacent
�t.. �- relieve air to corridor. spaces to"corridors" require
.� opening protection
��� ,` (fire/smoke dampers).
� f
���� �
;
' �� �,�
Door Transfer Opening
� � , •��y,�•�
# ° � .� � s Located in school building • Was not operating during
Q � , = above a finish ceiling. our observation.
' � $ �il
• Unit is dated, most likely
._ i original equipment that has
' j exceeded the expected
? � �I service life.
� � �, ��
� , ��� � —�
' Air Handling r=an
�� . ��� � � ���s�� •Supply register in rypical . Original equipment.
�Y� �A'
�. ( classroom.
� -
« , ���
_ .Y ,3 .� ... I
� -- A y
,.n "" Tqi'�°�4rf`.r.
r '
t� .`�'��.�� I
pY.. :is rt' �� .- -. I
' Classroom Supply Register�
.._F, •Exhaust fan serving
� :.r� _��_ -
automatic dishwasher.
,
� � � �
�� -_
i� -�" _-
' �.� � T t� + -
3��z j
' �-- �:_. = < ,���m:.
Dishwasher Exhaust Fan
'
'
Engineering Design Initiative, Ltd. St. Joseph Church
� EDI Project No. 04-118
,
' Electrical S stems Review
y
' St. Joseph Church
Buildin S stems Descri tion Conditions/Comments
'
' •Overhead single phase • Maintained by utility
electrical service serving
� church building
' ; `; ,
�: •
R}• ,� �. �
�',, ,� :j
' ;` , ' �.;,
� � �
�� �
� ;' 'I
� � ��
, Utility Transformers
� ,.� .�� : �
� .: :-- •400-amp, 120/240-volt, • Original Equipment that is
'� � ' single phase Square D, QMB dated, however in operable
-�� � style distribution panelboard condition.
' " �� vuith (3) 200-amp switches
(School, School, Chapel) and
� �'�� (2) 100-amp switches (Boiler
� `���� Room and Spare)
� ��
Electrical Gear In Church
,
►.
( _�� +400-amp, 240-�iolt, main • Original equipmentwhich is
' 4�� e�
'�� j switch manufactured by dated. Federal Pacifiic has
j ' Federal Pacific located in been dissolved; therefore
�; lower level of church- parts are not readily
' �`. � mechanical room. available.
;
Service Swi�ch in Church
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�ngineering Design Initiative, Ltd. St. Joseph Church
' EDI Project No. 04-118
'
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' Buildin S stems Descri tion Conditions/Comments
' Security System .A security system was • The system was abandoned
located in the school and is not operational.
'
Life Safety Fire Alarm .A 120-volt hardwired fire • The fire alarm system is
' alarm system serves the dated and many upgrades
entire facility. are needed to meet the
intent of the Life Safety
Code. Upgrades needed
' include horn strobe devices
especially in corridors,
restrooms and public
t spaces. Smoke detectors
are also required in corridors
and intervening spaces.
t
Life Safety Egress Lighting .Egress(emergency) lighting • The emergency lighting
1 is provided throughout the units appear to be in good
facility by wall mounted condition. A more detailed
battery operated units. analysis of the entire
' building should be
conducted to insure that all
areas are adequately
covered.
'
' Telephone Service .Telephone service enters the • Telephone appears to be in
building from the south side good operable condition;
' of the building. however the service may
need to be upgraded
depending on the needs of
' the new occupants.
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Engineering Design Initiative, Ltd. St. Joseph Church
' EDI Project No. 04-118
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'
' Buildin S stems Descri tion Conditions/Comments
� •3-phase exterior pad • Transformer maintained by
' �"� �� �_,� ', � mounted transformer serving local utiliry company.
�:�� 200-amp, 3-phase electrical Electrical panel appears to
! `�� $ �: service in kitchen area. be in good working
' Kitchen panel (service) is a condition.
_ g�;� 200-amp, 3-phase, Square D
_ - Load Center with 3-spare
- - � �°;: , . `=�K_ -,
breakers.
' 3-phase service to kitchen
'
a � •Receptacle near wash sink in • Receptacle must be
, � Kitchen Area. changed to GFCI style as
�`` required by the National
� Electrical Code.
' E �,
' Receptacle in Dishwashing
Area
1 — . -,o�����.-
•Simplex Bell (class change) • The system is operable and
' system in School Office in good working condition,
however any modifications
will be costly due to the age
�_.— f of the equipment.
' `�=,_....� �
Central Clock System in School
' ¢ � �
• 120/240-volt Bulldog Push- • Panels are dated and will
'' matic electrical panels in need to be replaced if any
' ,.: Classroom Area of school. modifications are completed
� in this area of the building.
�
1 6 w � • ��
Panelboard in School
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Engineering Design Initiative, Ltd. St. Joseph Church
' EDI Project No. 04-118
'
'
, Buildin S stems Descri tion Conditions/Comments
' � g��� ' •Decorative Incandescent • Li ht fixtures are in ood
9 9
�--�� exterior lighting. condition considering their
' __ :�:- age.
' " -- , � _ .-.�
' Exterior Decorative Lighting on
Church
, _ r_�.�,,.��� •High Intensity Discharge • Fixture is in good condition
"��. - �� (HID)wall pack on exterior of and HID is a very efficient
�
, """��'' �- ��,.�- � building. source for exterior lighting.
.;,�, z
�.��,��. � � _.
„��� ,.�
�� ':
� � �"'
' i,Istesya� ��� '��
' Wall Pack on Church Exterior
' •Metal Halide and fluorescent • Light fixtures are operable
lighting serving the and in working condition,
���, gymnasium area. however are somewhat
�� ` * � dated. If the function of the
' " space is changed
,�� replacement of the fixtures
'° � �& _� �� is recommended.
' ���� . a
�.;�. *��i� '
HID I A�-��.i;�� �-� C�;�r�
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Engineering Design Initiative, Ltd. St. Joseph Church
' EDI Project No. 04-118
�
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� Buildin S stems Descri tion Conditions/Comments
, 1 • 120-volt, 520R receptacle • National Electrical Code
� };: above counter and within 6- requires that the receptacle
1 � ������ t,� .
feet of water source. be GFCI protected.
:: , .
� � �
� �����_. _
Receptacle above counter
'
' -���
•T-8 Fluorescent surface • Energy Efficient and in very
� mounted wrap lighting in good condition.
' Gathering Area
' Flu'orescent Lighting in
Gathering Area
'
' •T-8 Fluorescent recessed • Energy Efficient and in very
troffer lighting in Gathering good condition.
.; Area.
' _ �
. � F: �'�
� Fluorescent Lighting in
Gathering Area
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, Engineering Design Initiative, Ltd. St. Joseph Church
EDI Project No. 04-118
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' Buildin S stems Descri tion Conditions/Comments
� �
• 120-volt fluorescent lighting • Ballasts are near the end of
_ with T-12 Lamps located in expected service life and
' - - church. should be upgraded with
t�s: , energy efficient T-8 source.
' ' ,, , .,;,
Fluorescent Lighting in Utility
' Space
'
�� `� �'�
� �' � � •Incandescent Decorative • Li htin is in ve ood
y �� �e.£ �: �� � �, 9 9 rY 9
�1� � _ Lighting serving Worship condition and been well
R Area. maintained.
'
De�orativ� �ioht�ng 4n ^h�,o~ch
�
�
' •Lighting on Worship Area • Lighting is in very good
' mezzanine. condition and been well
� maintained.
� - - (�
� x=� F� �
' Decorative Lighting on
Mezzanine
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Engineering Design Initiative, Ltd. St. Joseph Church
� EDI Project No. 04-118