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Preliminary Approval For Issuance of General Obligation Capital Improvement Plan Bonds and Adopt Capital Improvement Plan1750120v1 CITY OF ROSEMOUNT COUNTY OF DAKOTA STATE OF MINNESOTA RESOLUTION 2005 RESOLUTION GIVING PRELIMINARY APPROVAL FOR THE ISSUANCE OF THE CITY'S GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS IN AN AMOUNT NOT TO EXCEED S2,630,000 AND ADOPTING THE CITY OF ROSEMOUNT, MINNESOTA CAPITAL IMPROVEMENT PLAN WHEREAS, the City Council of the City of Rosemount, Minnesota (the "City proposes to issue its general obligation capital improvement plan bonds (the "Bonds and adopt a Capital Improvement Plan (the "Plan"), and WHEREAS, the City has caused notice of the public hearing on the intention to issue the Bonds and on the proposed adoption of the Plan to be published pursuant to and in accordance with Minnesota Statutes, Section 475.521, and WHEREAS, a public heanng on the intention to issue the Bonds and on the proposed Plan has been held on this date, following published notice of the public heanng as required by law; and WHEREAS, m approving the Plan, the City Council considered for each project and for the overall Plan: 1. The condition of the City's existing infrastructure, including the projected need for repair and replacement, 2. The likely demand for the improvement, 3. The estimated cost of the improvement; 4. The available public resources; 5. The level of overlapping debt in the City; 6. The relative benefits and costs of alternative uses of the funds; 7. Operating costs of the proposed improvements; and 8. Alternatives for providing services more efficiently through shared facilities with other local governmental units; and WHEREAS, the City Council has determined that the issuance of general obligation capital improvement bonds in the aggregate principal amount of $2,630,000 is the best way to finance a portion of those portions of Plan eligible under Minnesota Statutes, Section 475.521. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rosemount, Minnesota, that the City hereby adopts the Plan and authonzes the issuance of up to $2,630,000 aggregate principal amount of general obligation capital improvement bonds. ADOPTED by the City Council this 5 day of April, 2005. Attest: Linda Jentink, Secretary 1750120v1 2 William H Droste, Mayor 2005 Motion by: Seconded by: Voted in favor: Voted Against: Members Absent: STATE OF MINNESOTA COUNTY OF DAKOTA ss CITY OF ROSEMOUNT 1750120v1 3 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 5th of Apnl, 2005 and that the attached copy of the Resolution 2005 A RESOLUTION GIVING PRELIMINARY APPROVAL FOR THE ISSUANCE OF THE CITY'S GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS IN AN AMOUNT NOT TO EXCEED $2,630,000 AND ADOPTING THE CITY OF ROSEMOUNT, MINNESOTA CAPITAL IMPROVEMENT PLAN 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 5 day of April, 2005. Linda J. Jentink, City Clerk City of Rosemount Dakota County, Minnesota BACKGROUND 10 -YEAR CAPITAL IMPROVEMENT PLAN (CIP) Historically, the City of Rosemount has usually had some form of 5 -year CIP in place to utilize for its capital improvements. There have been times where just a single year's capital improvements have been addressed and funded. As the City continues to grow, we believe that the careful development and continuous utilization of a reahstic Capital Improvement Plan is essential to the proper management of the City. As we looked at developing a new 5- year CEP, it became apparent that the dilemma that the City of Rosemount faces is one of continued growth combined with restoration/reconstruction of the older portions of our city. This being the case, it was almost impossible to develop a plan for a 5 -year period that was very realistic. As work continued on the plan, we decided to explore the possibility of looking out farther and developing a longer plan that would more realistically allow us to plan for the City's future. What has evolved is the following 10 -year Capital Improvements Plan. We believe that great stndes have been made to more accurately plan for the future of the City of Rosemount. This document is only a working guide that is utilized by the City Council and its staff to prepare for the future. The first year of the plan will be included as part of the formal budget that is prepared yearly as part of our Truth -in- Taxation process with the following years developed as a working tool for future years' discussions. GENERAL /ADMINISTRATIVE DESCRIPTION The CIP provides for specific funding of items, the nature of which is not considered "current" in their use or life expectancy. These items are generally of a higher estimated cost than $5,000 and will have a life expectancy of 3 years or greater. The source of funding for these expenditures is typically the general tax levy. In some instances, other funding is utilized. For example, beginning in 1996, revenues received from user fees are being designated in various CIP funds for capital improvement/equipment purchases. If these revenues are realized, the equipment or project will be completed and if the revenue is not realized the equipment will not be purchased. Individual departments are designated for each item proposed for purchase in this plan. TYPES OF CAPITAL IMPROVEMENT FUNDS Another area of change for the CIP is the implementation of three separate funds to isolate and better track the types of capital improvements being planned for. The following bnefly descnbes each of the three: Building CIP Fund This fund is used to account for the on -going capital improvements and possible additions to government buildings. Street CIP Fund This fund is used to account for the on -going street construction and reconstruction projects within the City and all other major maintenance items related to both paved and unpaved streets including, but not limited to, street hghts, signal lights, sidewalks and gravel road resurfacing. Equipment CIP Fund This fund is used to account for the on -going replacement of and additions to City equipment. I 2005 2005 2005 20051 20051 2005 2005 2005 2005 2005 2005 1 2005 2005 2005 2005 20051 2005 2005 1 2005 2005 2005 2005 20051 2005 2005 Year r 3 1 2 N N N N N N N N N N N N Level Priority N+ N N N 2 3 Evermoor Lift Station Outlet (Storm CIP 14) Totals Loader (Replace #419) fetter Truck (Replace #435) Connemara Trail Overpass Construction Dual Broom Sweeper (Addition) Ticket Writer Software Printers Video Cameras for 3 Squads New Park Built Brockway Development Land Purchase for Athletic Complex Video /Audio Recording for Cord/Interview Room Park Signs !New w Neighborhood Park Butt Minea Replace Camfield Park Shelter Climbing Wall at Birch Park Backup Rescue Truck Tanker (Addition) AED Unit (Defibulator) (Replacement/Upgrades) Refurbish Unit 43590 (14 Years Old) PC Printer Replacements (From 1999 2000) _H PC Workstation Upgrades (From 2001) 2001 Lease Purchase (10- Years) Fire Station #2 Battery Powered Ice -Edger Paint Ceding and Duct Work Item Description Pub Works Pub Works Pub Works Pub Works Pub Works Pub Works Pub Works Pub Works Pub Works Police Police Pub Works ;Police Police &Rec Police Police Park Rec Park Rec Park Rec Park Rec', Park Rec' Fire H Fire Fire Fire Finance Finance Council Council Council Council De ertmenl 48,000 24,000 24,000 Bulldin 1 ,250,000 250.000 1,000.000 Street I 433,600 15,000 40,000 7,500 10,000 5,000 5,000 25,000 70,000 5,000 115,400 20,000 CIF' Levy 50,800 64,900 Equipmnt 304,500 767,000 5,000 350,000 400,000 12.000 Park Imp 1 2,000.000_ MSA Funds From Water Sewer I 550.000 640,500 90,500 I Storm 10,000 10,000 Water 80,000 70,000 10,000 Sewer 70,000 I 70,000 Storm I Donations 7,390,000 200.000 120,000 120,000 795.000 200,000 5,000 90,000 r 190,000 3,000,000 5.000 15,000 Other 12,993,600 200.0001 140,000 550,000 120,000 120,000 1,440,000 I 1,200,000 40,000 1 44,000 7,500 10,000 15,000 2,500,000 5,000 5,000 10,000 350,000 400,000 I 24,000 12,000 25,000 90,000 190,000 115,400 3,000,000 20,000 _50.800 64,900 5,0 15,000 00 1 Cost H Total 900Z 'BOA A40119101 2000 2006 4000 2006 L 2006 20061 0 m 0 0 mm m 0 000)00 0 0< 2005 0 0 m mm 0 0 m 1_ cows 2006 2 1 2006 i 2006 2008 r 2006 2006 2006 2006 <uuo 2006 NNNI: 1 2 2 NN I •N+ I 3 1 +IJ +V 1- NVNNNNNN I +N� Pnor 1orais Well rob Land Acquislson Shannon Pond Outlet (Storm CIP 5) mower (Adelson) Paint Connemara Tower Structural Repairs w (neplace ir400) Mower (Replace #73) i -celp (H00111011) Pickup (Replace #342) ruIvv aranooy (eneraloaReplace #54)(Cily HailL Pickup (Replace #306) Pickup (Replace #307) Street Recon -CR 73 CR 42 to North City Limits -I Shop Hoist (Replace #1) b 04uaes (Jell tOacK WS/0, 330 3/0) PW Bldg Add'n Leaee/Purch (Yr 6 of 20) Image Software for Mug Shots Fingerprints Video Cameras for 4 Squads E ncy Equipment for Squads Installation 'Buse community Mayfield (14-2) B�iId Athletic Complex rave tnckson VarK Barking Lot New Neighborhood Park Bu'II (14-1) [Replace Park Signs 1 PC File Server Replacements (Both From 2003) Radio Replacements (Replace Obsolete) 1eeu Lease- rurci,se (10 Years) 2001 Lease Purchase (10- Years) New Batteries for Zamboni Compressor Replacements for Chiller l Pub Worka Pub Works Pub Works Pub Works Pub Works PUb Worka Pub Works Pub Works Pub Works Pub Works Pub Works) Pub Works Pub Works Pub Works Pub Works Pointe Police Police Park Rec_ Pobce Police I Park 8 Rec Park Rec I (Park It Rec 1Park Rec I Park 8 Rec Park Rec Finance Fire Council_ Council Council Council Admen Arena Arena t epartrnent 34.000( A 24 0061 I 10,000 1 Building CIP Levy I 230,000] 300,00 280,000 H 1,056,300 80.000 50,000 80,000 33,000 45,000 1 30,000 33,000 33,000 9,000 L 50,000 F 12,000 16,000 F 5,000 s Ann L r 12,000 10,000 50,000 108,000 64,900 115,400 25,000 Equ,pmnt CIP Levy 1,300,000, r H Assess 980,000 300,000 600,000 k 80.000 I Park Imp Fund 1 MSA Funds 250,000 250,000, 1 Sewer Core 850,000 1,050,000 Storm 1 Core 510,000 7n Ann I W umnv 10,000 In nnn r Sewer unuw I I Storm I iamb. Iy avun �U4 1 9,875.000 I I 3,500,000 6,000 an Ann Lnme 250,000 850,000 16,875,300 50,000 on Ann 33,0001 45 nnn 30,0001 33,000 as Ann 230,001 e Ann 75,000 5n nnrl 3,500,000 5,000 300,000 min ann n I vt 12 F 10 50.006 L 64,900 11Fdnn y 25,000 6,000 qn (Inn I Total HI 2007_ 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 _2007 2007 2007 2007 20071 20071 20071 2007 20071 2007 2007. 1 Year N N N N N N N N N N NN i U N N 2 2 3 N N N N N N Level Priority 1 Totals I Miscellaneous Equip for New Athletic Complex Well #15 Construction Snowblower for Loader (Replace N220) 'Dun Truck (Replace #427) Pickup (Replace #345) 1 -Ton Durnp Truck for New Athletic Complex Emergency Response Cooperative Teams Radio Communications Upgrades 800 MHZ PC Workstation Upgrades (From 2003) -1 4x4 Grass Rm Replacement (91 Yoh:de) J 2001 Lease- Purchase (10- Years) 2005 Lease- Purchase (10- Years) place Coolmg_Tower Welcome to Rosemount" Signs J1 '[Pub Works rub Works Pub Works Pub Works Pub Works Pub Works Pub Works Pub Works Pub Works Pub Works_ 'poke 'Pub Works Police Lohce Police Police Finance Fire Council Finance Council Council Arena Comm Dev 'Department 39,000 1 24,000 15 000 CIP Lev mid a 11,600,000 --I 1,300,000 300,000 Street CIP Levy] 11,194,400 120,000 120,000 50,000 60,000 30,000 45,000 30,000 33,000 30,000 120,000 100,000 16,000 25,000 35,000 1 140,000 20,000 115,400 Equlpmnt CIP Levy 11,000.000 1 ,OOQ000T1 1 Assess 'i, 400,000 Park Imp 1 775,000 775,000 Slate 1 MSA 11,250,000 1,250,000 L Core Sewer Core Core 10,000 10.000 L Ubhly Water 1o,00 °I Utility UObty Donations 4,365,000. 500,000 30,000 Other 120,000 1,250,000 L 60,000 120,000 33,000 38,000 5,710,000 30,000 30.000 100,000 44,000 1.500.000 25,000 120.000 5,000 18.000 70,0001 35 000 500,000 20.000 115,400 140,000 30,0001 20.000 Cost Total C N+ pea Fen 22 5 PO Er 0 8 1 3 cn 3 c Rc u c fi g";, o x c o a° 13L° w m e y a DI 2. 1 W q w a 0 0 0 0 m °o ce 0 0000 0 0 0 0 0 0 0 0 00 0 2008 I 2008 Lu08 2008 NV8 I f 2008 a 2008 <VUU 2008 1008 2008 2008 Year N N N N H 2 N+ N N++ W v N N N min) I N wr ty Level .I_ locale Dump Truck (Replace #431) tlackboe (Replace 4407) Mower (Replace 468) Gator Mulh -Use Carl for New Athletic Complex rr em Renatlllnatlon Projects (See Below) 42 US Hwy 52 (Design ROW Costs) 1 1 5qua0s (sex Rack 2 45110 8 9860) PW Bldg Add'n Lease /Porch (Yr 10 of 20) �4 I Att.) Units Detibulators Rep lacements Replace Video/Audio Recording Equipment New Nei011b0r1000 Park Built (N -4) 4 New Radar Units Replace Skate Tile 2001 Lease-Purchase (10-Years) 2005 Lease Purchase (l0- Years) nom oescnpuon I Pub Works i rub Works :Pub Work Pub Works 'Pub Work W orks r ub Works ub Works Poke Pub Works I Police Police I Police Police Police Park Rec Park Rec 1 Council Fire Arena Council Arena Arena pepartmenl I 24,000 I I I 24,000 1 f CIP LeY BuiIdin 1,800,0001 11,300,000 500.000 Street 819,4001 i ou1 80,000 80.000 25,000 30,000 20,000 20_000 50,000 20.000 50,000 5,000 6,000 15,000 H 15,000 140,000 6,000 1 15,400 I Equipmnt F 400,000 E F 400,000 Park Imp 400,0001 From State MSA Funds Water Core L I Sewer Core Storm Core 1g00d I 10.000 I Water UNity 10,o0d 10 noo Sewer Utility storm Ublily H _y Donation 3,365,000 I o,m u 200,000 45,000 10,000 Other 6,826,40CA 120,0001 80.000 25.000 en nnn 20.0001 1,500,000 50,0001 20.000 5.000 8,000 nn n n n e f nn nnn 4 1 nnn 000 000'S 1 Total Cost C N+ pea Fen 22 5 PO Er 0 8 1 3 cn 3 c Rc u c fi g";, o x c o a° 13L° w m e y a DI 2. 1 W q w a 0 0 0 0 m °o ce MOMEMMEM MMEMINE MEMEMEMON MIENIMMINOM MMINIMMEMEM IMMENIMMOMMMEll MEM I% HEMMEN Mainagi 0 Mil co co a O O 0 0 o00000 O NOa0N no 0 0 O O O O O o O e 0 o O O O 0 0 0 O O O O O 0 O 0 0 0 0 o OD b O O o N O C C G O 0 O O O a O P 0 0 7 0 m 0 3 °D 01 3 2009 2�a91 00000/7 1.0 CO CD o d b N b 1 2009 2009 2009 2009 euue 2009 2009 cuue 2009 0 0 0 0 CO 1 Year +N+N N 1 2 +NNNNNNNN priority Level Totals 'Dump Truck (Replace #432)_ Well #16 t and Acquisition Street Rrhabltltation ProlecJSee Below) CR 42l US Hwy 52 (ROW Costs E. Construction) New Neigbbomood Park Built (N -5) Remodel Offices, Booking Area Interview Rms PC Printer Replacements (From 200 ft PC File Server Replacements (Both From 2000) Works Pub Works Pub Works Pub Works pub Works Pub Works Pub Works pub Works r ub Works ub Works [Police Police Police Police Park Rec Park Rec Park Rec Finance Finance Fire Council Finance I Cooncil 94,0 !I 24,000 r 70,000 1 1,575,00(1 1,300,000 275,0 0 L 914,400 120, 000 30,000 100,000 L =1 r l m000r 12,0 15.000 I 10,000 12,000 I- I I 9,000 16,000 50,000 70,000 30.0001 115,4001 140,0001 20,0001 CIP Levy Eoulpmnt MOMEMMEM MMEMINE MEMEMEMON MIENIMMINOM MMINIMMEMEM IMMENIMMOMMMEll MEM I% HEMMEN Mainagi 0 Mil co co a O O 0 0 o00000 O NOa0N no 0 0 O O O O O o O e 0 o O O O 0 0 0 O O O O O 0 O 0 0 0 0 o OD b O O o N O C C G O 0 O O O a O P 0 0 7 0 m 0 3 °D 01 3 EL ir cn al ea g m O 3 m 'm gi irr m m m am 8 a 0 '81 °o a m 0 co m ti 2 8 0 2010 2010 1_2010 2010 2010 2010 2010 2010 2010 2010 2010 2010 2010 r 2010 2010 2010 2010 Year 1 N N N N N N N N N N+ W NN f Level Pnonty_ Totals Well 416 Construction Water Storage Facility J Dump Truck (Replace #434) Loader (Replace 1995) Pickup 1 Dump Pickup, Pickup, Pickup !Street Rehabilitation Protects (See Below) J Pickup (Replace #331) 13 Squads (Sell Back 3 4131, 740 780) iPW Bldg Add'n Lease /Porch (Yr 12 of 20) 2001 Lease- Purchase 10- Years) 2005 Lease- Purclias10_Years) Item Description ti (Replace 4343) Tuck (Replace 4433)_ (Replace 43321 (Replace 4333) (Replace 4334) :Pub Works Pub Works'. Pub Works Pub Works Pub Works Pub Works Pub Works Pub Works Pub Works Pub Works Pub Works Police Police J Pub Works I Councd Council Fire le arbrent 24,0001, 24,000 GIP Levy Building L T,300,000 L_ I 1,300,000 CIP Lem Street 7,020,400 130,000 200 000 33,000 120,000 I 33,000 33,000 33,000 L 33,000 25,000 90,000 115,400 140,000 35,000 CIP Levyl Equipmnl Assess Fund State 177157k Funds From 3,950,000 1,250,0001 2,700,000 Core Core_ Sewer Core 10,000 i umlty Water 10,000 1 Utility Sewer Uhhly 1 Storm Donation 200,000 r 200,0001 Other 6,514,400 1,250,000 2,700,000 33,000 120,000 33,000 33,0001 33,0001 33,000 90 r 44,000 i 1,500,000 35 25,000 Cost Total EL ir cn al ea g m O 3 m 'm gi irr m m m am 8 a 0 '81 °o a m 0 co m ti 2 8 0 to co co cr co cc lb O N 0 cn w 3 8 G 2011 1 2011 1-2011 2011 2011 2011 90,1 v 011 .moo, N+ N N N N+ N N+ N N M1 2 2 1 10011 vat, „w nep,eamana, n laap v m1 Uurnp Iruck (Addltlon) 6.14 e5 jdj dnypjdl moo amc3 e 01-00 rvii 1009 nOon Leaserrurcn (Y r 13 01 n) COy Shop Addition u up0_raae 4 Squads (Sell Back 3 #190, 450, 8110 -1 New) Equipment for New Squad i zuut Lease- rurcnasellu- years) PC Punter Replacements (From 2007) 2001 Lease- Purchase (10- Years) Rem rrescnynan IPub Works 1 I Pub Works Pub Works ruo worns Pub WorkS I I Pub Works Pub Works I POIice Police I route Police Finance Park Rec I esuemjl pound' 1 Council l Lleparlmert 1 274,0001 L 24,000 250.000 [Building 1,300,0001 L L 1 1,300,000 II Street GIP Levy 778,4001 1 1 L 33,000' 1 45,000, H 33.000 L 60,000 120,000 L 10,000 12,000 70,000 L140.000 20,000 115,400 E ul mnt CIP Levy 1 Assess 350,0001 F 350,000 Park Im Fund 1 L. 1 From State Water Core 300,000 30Wli _Sewer Core I I Storm Core 10,000 10,000 1 Wailer f 111,10, 10,00 000.01. 1 LSewer 1 Rana, 1- L 1 Storm f 9Onations 200,000 200,000 bier 3,222,4001 r 300,000 ObbOb'C OC3 60,000 1220,000 10,0001 70 n0nl Cost j 1 Tar,1 to co co cr co cc lb O N 0 cn w 3 8 G Totals 54,000 2,000,000j 460,0001 I II 1111 E H MI M IM MI II IIIHIIIU II IIII 111111! MI M HI I I I f J 1 H ncuup tRepiace a442) Pub Works 2012 1 1 -Ton Pickup (Addition) Pub Works rvv mug Haan Leaserrurcb (Yr 14 of 20) Pub Works 24,000 2012 Street Rehabibtabon Projects (See Below) Pub Works 1,300,000 2012 1 MADT Upgrades Police 2012 1 4 Squads (Sell Back 4 _4920, 930, 941 970) Police _I 2012 2012 20 2012 L2012 s kteconbgure Police Briefing Room !Police 1 Replace Tactical Gear Pohce r, rile aerver a epiacements (110th From 2009LFtnance 1 New Neighborhood Park Butt (N -a Park 8 Bee 2 (CIP Reserves Future Street Projects_ Jeanne!! I 2 2005 Lease Purchase (10- Years) (Council uy Level I Item Descnption Department Buildmvv CIP Levy H 00,000 Street CIP Levy L 35,000 45,000 30,000 40,000 120,000 50,000 CIP Levy Egmpmnt 350,000 0111 MI 11 I IIOIIIIIH 1 Assess EI 350,000 I Fund I II I 1 I 1 State 1011111 11 00110 1 1 L Core irnumm r Core rinuui m Core 10,000 uoi iio f 10,000 Utility L 10,000 m II 10,004 Utility I Storm Utility nu I I I no 200,000 3,064,000 lIl IlIlIlif um 001 i 35,000 45,000 44,000 onn :Inn r s r 30,000 30,000 40,000 50,000 350,000 Cost 1 r SKB User Fees 4100,000) and excess SKB Trust Funds ($100,000) Other funding for Street Rehabilitation Projects comes t 1 totals HMI II HI II MN MN IM 2013 2013 2013 2013 2013 nrivra 2013 2013 2013 2013 Year 2 1 2 I2005 (10- Years) nr escripnon PnOnly c van tr eplace Rao) Well 817 Construction Street RehabtI IaLon Projects (See Below) rL. vvornsIanon upgrades (from 2009) 1/2 Ton 4x4 Pickup (Replace 2003 Vehicle) 1 24,00012,100,0001 n i i i M II Pub Works Pub Works Fub Works 11.300,000 rollce Police [Pub Works 24,000 Fire Police Council Council 800,000 ue at UP Levy CIP Levy Building f Street 420,0001 30,000 20,000 90,000 L 70,000 30,000 20,000 140,000 Equipmnt CIP Levy MM. L I MI Park Imp Assess Fund 1011 L 111 I From State F i F Core Water ME Ili I Core I Sewer Core Storm 10,000 1 10,000 Utility I Water 10,000 F M 0 i 10,000 UG6ty Sewer 200,000 i MI I 1 1 Utility Donations Other rSlnrm 0 IMIN 4,264,000 II 44,000 1 30,000 20,000 20,000 nn 140,000 800,000 20,000 7nn I Cost o 0 to Co r ic 0 rt 0 0 0 7 T 0 0 Ewe JeaA -Amyl mak N 0 0 Other funding for Street Rehabslitation Projects comes from regular SKB User Fees ($100,000) and excess SKB Trust Funds ($100,000) et 03 mom, Mel Riad 2014 2014 2014 2014 2014 2014 2014 2014 Year N N+ V+ N N N I Priority 1 Leval Steel Rehabilitation Projects (See Below) Replace Lasers i) Replace Department Long Guns CIE Reserves Future Street Projects Refurbish SCBA Compressor Item Description Pub Works Police Pub Works Police_ Ponce Council Fire (Council 1uamVe a0 1 24,000 r 24:0981 Buildtn CIP Lev 2,300,000 CT L 1,000,000 F- 250,000' 85.000 10,000 10,000 5,000 140,000 MSA Funds 10.000 F 1Q000 Sewer Uttlity Storni_l Utility Donations 200,000 J Other L 2,794,0001 85,00 44-000 10,0001 10.000 1,000,0 5.000 140 non! Tolal Cost N 0 0 Other funding for Street Rehabslitation Projects comes from regular SKB User Fees ($100,000) and excess SKB Trust Funds ($100,000) et 03 mom, Mel Riad 2015' r 172015 2015 2015 2015, Year 2015 2015 2 2 N_N_ I L Pnornty Totals 1 w room arrest r/13 vvoras Street Const Boulder Avenue Extension IPub Works 1 Quo 4 Squads (Sell Back 4 M1220, 1230, 1241 8 1270 Pobce Street Recon -CSAH 3 8-Hwy 3 to Bacardi Pub Works -i 2005 Lease Purchase (10- Years) (10th Year) Council_ CIP Reserves Future Street Projects Council L Item Description De artment 24,0001 Y �IP Levy Bu■ldmg 2,076,400] k_ F L- I b i 50,000 20,000 120.000 o C Lev Street EgWDmpf iie 140,000 CIP Levy 1b2,000 152,000 L Assess Fund 350,0001 F 350.000 Funds From State L F H Water Core Sewer_ Core Storm Core 10,00b 1 0,00o Water UhIpv 10,000 Sewer Uhbiv I I c 1 Storm marry H -1 nnaau, 4,150,000 1,150,000 3.000.000 IIIAn� a b o o b m o o 0 I °o° b o m Total Cost City of Rosemount, Minnesota Estimated Tax Impact Based on Net Tax Capacity General Obligation Capital Improvement Bonds, Series 2D05A Deposit to Construction Max. Annual Levy Less Existing Levy Estimated 200512006 Increase Market Net Tax 200516 TNTC Value (a) Capacity Tax Rate Increase (b) Homestead Residential 150,000 1,500 200,000 2,000 250,000 2,500 300,000 3,000 Commercial/Industrial $100,000 1,500 150,000 2,250 250,000 4,250 500,000 9,250 1,000,000 19,250 Apartments (4 or More Units) 50,000 625 75,000 938 100,000 1,250 200,000 2,500 500,000 6,250 Agricultural Homestead Value per Acre 1,700 Dwelling Est Net Tax Market (c) Acres Total EMV (d) Capacity 100,000 80 236 000 1,756 160 372,000 2,504 320 644,000 4,000 640 1,188,000 9,180 Agricultural Non Homestead Springsted Net Tax Acres Total EMV (dl Capacity 80 136,000 1,360 160 272,000 2,720 320 544,000 5,440 640 1,088,000 10,880 2,500,000.00 $219,371 $0 $219,371 $21,695,869 1.011 15 20 25 30 15 23 43 94 195 6 9 13 25 63 18 25 40 93 14 28 55 110 (a) Estimated market value is the basis from which the net tax capacity is calculated This value is not necessarily the puce the property would bong if sold (b) The tax rate Increase is denved by dividing the average debt service by the taxable net tax capacity The dollar increase in taxes payable is denved by multiplying the net tax rapacity by the tax capacity rate increase (c) Includes house, garage and one acre with an estimated market value of $100,000 00 (d) Estimated value per tillable acre is $1,700 00 Note Changes in interest rates, timing or size of the bond issue may cause significant alterations of this information The Rosemount Town Pages AFFIDAVIT OF PUBLICATION STATE OF MINNESOTA) )ss. COUNTY OF DAKOTA Chad Richardson, being duly sworn, agent and employee of the publisher Rosemount Town Pages, and has full stated below, (A) The newspaper has complied with qualification as a legal newspaper, 311A 02, 331A 07 nd other appl ab (B) The printed l I ke 110 w f M 100 a• Notary •ublic AFFIDAVIT on oath says that he is an authorized of the newspaper, known as The knowledge of the facts which are all of the requirements constituting provided by Minnesota Statutes s, as amended GIS a as tee. eat which is attached, was cut from the columns of sa newspaper, and was printed and published once each week for successive weeks, it was first published on Thursday, the 1 1 day of 1 2005 and was thereafter punted and published on every Thursday, to and including Thursday, the day of 2005, and printed below is a copy of the lower case alphabet from A to 6, both inclusive, which is hereby acknowledged as being the size and kind of type used in the composition and publication of the notice abcdefgNlkhnnopgrsmvwxy By Subscribed and swo to before me on this tin 1n day of 2005 FE First Insertion:le-S/ jj inches, aasSa Additional Insertions: inches, /in= Affidavit fee Total t `c �O, DAWN M. SMITH NOTARY PUBLIC-MINNESOTA M Commission Expires Jan 31, 2010 CITY OF ROSEMOUNT NOTICE OF A PUBLIC HEARING ON A PROPOSAL TO ADOPT A CAPTIAL IMPROVEMENT PLAN AND THE ISSUANCE OF GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS TO WHOM IT MAY CONCERN NOTICE IS HEREBY GIVEN, that the Council of the Coy of Rosemount, Minnesota will meet on Apnl 5, 2005 at 7 30 p m in the Council Chambers at the City Hall, 2875 145 Street West, Rosemount, Minnesota, for the purpose of condui.nng a public heanng on a proposal to adopt a capital Imprmement plan and approve the Issuance of general obligation capital improvement plan bonds in the principal amount not to exceed 52,630000 All persons Inteerested may appear and be heard at the ume and plate set forth above If a pennon requesting a vote on the issuance of the bonds is signed by voters equal to five percent of the votes cast in the City in the last general election and is filed with the Coy within thirty days after the public heanng the bonds may only be issued upon obtmn,ng the approval of the malonty of the voters voting on the question of issuing the bonds lndrviduals unable to attend the nubile heanng can make cornea comment by among to Landa lentiok, City Clerk City Hall, 2875 145th Street West, Rosemount, Minnesota 55068 Written comments must be received purr to the public heanng Dated this 15th day of March, 2005 BY ORDER OF THE ROSEMOUNT CITY COUN- CIL /s/ randa l lent, City Clerk City of Rosemount, Dakota County, Minnesota Aaxdwry rods and service, are available Please con- tact the Cap Clerk m (651)322 -2003, or ZDD NO (651) 423 6219 ro make a request one week pnm te the meermg Examples of a.asdmry aide or rvices may include nun language interpreter, mssine Irk- Wrung kit acce, rah /e meeneeg location, etc 3 /18/05 RECT., 1 2005