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Home My WebLink About6.f. 2001 Port Authority Budgetk CITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: October 3, 2000 The Port Authority recommends that the City Council approve the attached budget for the year 2001. AGENDA ITEM: 2001 Port Authority Budget AGENDA SECTION: Consent PREPARED BY: Thomas D. Burt AGMo* Executive Director 6 ATTA CHMENTS: 2001 Draft Budget APPROVED BY- CITY COUNCIL ACTION: PORT AUTHORITY ADMINISTRATION • The Rosemount Port Authority is the successor to the Rosemount Housing and Redevelopment Authority (HRA) and the Rosemount Economic Development Authority (EDA). As such, the Port Authority is responsible for both redevelopment and economic development activities in the City. • The Port Authority concentrates much of its activity on the development of the Rosemount Business Park. • The Port Authority will continue to work on other development and redevelopment projects as directed related to commercial and industrial development. ROSEMOUNT BUSINESS PARK • In 1994, the Port Authority initiated and completed the extension of infrastructure into the eighty acre first phase. In 1996, the Port Authority sold parcels for two projects, Cannon Equipment and Geometrix. In 2000, the Port Authority is to sell parcels for two new projects and market the remaining three parcels. The Port Authority will continue to look for further development opportunities in 2001. - Page One 2001 BUDGET WORKSHEETS PORT AUTHORITY - REVENUES October 3, 2000 2000 2001 Object 2001 1998 1999 Adopted Detail Proposed Account # Description Actual Actual Budget Amount Budget Comments 201 31050 00 000 Tax Increments $0 $0 $0 $0 Admin Fees Portion Only 201 34113 00 000 TIF Application Fee 0 0 0 0 201 36105 00 000 Principal on Notes 58,092 77,241 86,300 94,500 201 36105 00 000.1 Blake L/T Note 33,600 201 36105 00 000.2 Loch L/T Note 60,900 201 36210 00 000 Interest Earnings - Investments - 6,413 7,103 5,000 5,000 Interest Earned on CD's 201 36211 00 000 Interest Earnings - Loch 7,198 7,454 6,800 6,100 Loch UT Lease Interest 201 36212 00 000 Interest Earnings - Blake 10,148 9,742 9,300 8,900 Blake LIT Lease Interest 201 36215 00 000 Interest Earnings 287 404 100 500 Checking Interest & Misc 201 36230 00 000 Conhibutions/Donations 0 0 0 0 201 36260 00 000 Other Revenue 2,500 2,811 0 0 201 36265 00 000 Use of Reserve Funds 0 0 0 0 201 39101 00 000 Sales of General Fixed Assets 0 0 0 0 FUND TOTALS $84,637 $104,755 $107,500 $115,000 EXPENDITURES 2000 2001 Object 2001 1998 1999 Adopted Detail Proposed Account # Description Actual Actual Budget Amount Budget Comments r ~ Y � All Salary Costs Inclusive of 201 46300 101 Salaries & Benefits $0 $0 $0 $0 Salary, Taxes, PERA & Benefits 201 46300 102 Full -Time Overtime 0 0 0 0 201 46300 99 103 Part-Time Salaries & Benefits 1,899 2,990 4,500 4,500 Port Authority Members 201 46300 01 303 Engineering Fees 1,667 22,659 5,000 5,000 Business Park 201 46300 01 304 Legal Fees 3,739 11,822 10,000 10,000 201 46300 01 317 General Fund Administrative Fees 6,000 6,000 6,000 6,000 Yearly Fee Per Policy F -3 201 46300 01 319 Other Professional Services 12,081 13,466 28,000 28,500 201 46300 01 319.1 Consulting fees 20,000 201 46300 01 319.2 TIF Contribution to Endres 5,500 201 46300 01 319.3 County TIF Charges 3,000 201 46300 01 349 Other Advertising 5,262 1,005 5,000 5,000 201 46300 01 349.1 General City Promotions 2,000 201 46300 01 349.2 Business Park Promotions 3,000 201 46300 01 351 Legal Notices Publishing 0 25 500 500 201 46300 01 365 Workers Comp Insurance 355 292 500 500 Commissioners 201 46300 01 369 Other Insurance 6,478 4,670 7,500 7,500 Property Insurance '20146300 01 381 Electric Utilities 210 226 500 500 Business Park Sign 201 46300 01 383 Gas Utilities 122 0 500 500 Burma House 201 46300 01 389 Other Utility Services 780 227 1,000 1,000 Stomrmater Fees 201 46300 01 433 Dues & Subscriptions 3,627 1,000 2,000 2,000 Prof Organizations/Journals 201 46300 01 437 Conferences & Seminars 154 529 1,000 1,000 Chamber of Commerce & Mi.sc 201 46300 01 439 Other Miscellaneous Charges 279 6 500 500 Contingencies 201 46300 01 530 Improvements Other Than Bidgs 0 2,162 35,000 42,000 Business Park, etc. 201 46300 01 710 Transfers 0 0 0 0 FUND TOTALS ___ $42,652 $67,080 $107,500 $115,000 Page One 2001 BUDGET WORKSHEETS REDEVELOPMENT DISTRICT(0005) - REVENUES October 3, 2000 2000 2001 Object 2001 1998 1999 Adopted Detail Proposed Account # Description Actual Actual Budget Amount Budget Comments 241 31050 00 000 Tax Increments $356,703 $303,772 $300,000 $0 241 33620 00 000 Other County Grants and Aids 0 0 0 0 241 36210 00 000 Interest Earnings - Investments 5,699 3,440 1,000 0 Interest on Investments 241 36215 00 000 Interest Earnings 225 321 0 0 Interest on Checking Account 241 36265 00 000 Use of Reserve Funds 0 0 0 100,000 241 39203 00 000 Transfer From 0 1,297 0 0 1988A Bonds Paid Off FUND TOTALS $362,627 $308,831 $301,000 $100,000 EXPENDITURES 2000 2001 Object 2001 1998 1999 Adopted Detail ` Proposed Account # Description Actual Actual Budget Amount Budget Comments 241 49041 01 303 Engineering Fees sd $9,846 $0 $0 241 49041 01 319 Other Professional Services 4,730 0 241 49041 01 439 Other Miscellaneous Charges 0 0 0 0 241490410`1 439.1 Payment to P/A - Administrative 0 241 49041 01 521 Building & Structure Purchases 0 0 0 0 241 49041 01 530 Improvements Other Than Bldgs 39;383 0 40,000 80,000 241 49041 01 530.1 K. Walter- Hanson -Pay as You Go 80,000 241 49041 01 531 Improvements Other Than Bldgs 0 54,223 261,000 20,000 Final Expenditures for District 241 49041 01 531.1 Other Improvements 20,000 2414904101710 Transfers 294,500 0 0 0 FUND TOTALS $333,883 $68,799 $301,000 $100,000 Page One 2001 BUDGET WORKSHEETS BUSINESS PARK DISTRICT(0080) - REVENUES October 3, 2000 2000 2001 Object 2001 1998 1999 Adopted Detail Proposed Account # Description Actual Actual Budget Amount Budget Comments 243 31050 00 000 Tax Increments $128,873 $130,419 $130,000 $150,000 'Business Park District Only FUND TOTALS $128,873 $130,419 $130,000 $150,000 EXPENDITURES 2000 2001 Object 2001 1998 1999 Adopted Detail Proposed Account # Description Actual Actual Budget Amount Budget Comments 243 49043 01 710 Transfers $128,873 $130,419 $130,000 $150,000 243 49043 01 710.1 8/1/01 & 211/02 P/A Bond Pymts 150,000 FUND TOTALS $128,873 $130,419 $130,000 $150,000 Note: All TIF proceeds going towards payment on the 1993E, 1994A and 20008 bond issues_ Balance of bond payments coming from Port Authority tax levies. Page One 2001 BUDGET WORKSHEETS ENDRES PROCESSING DISTRICT(0089) - REVENUES October 3, 2000 2000 2001 Object 2001 1998 1999 Adopted Detail Proposed Account # Description Actual Actual Budget Amount Budget Comments 244 31050 00 000 Tax Increments $0 . $15,328 $40,000 $55,000 Endres Processing District Only FUND TOTALS Y $0 $15,328 $40,000 $55,000 EXPENDITURES 2000 2001 Object 2001 ' 1998 1999 Adopted Detail Proposed Account # Description Actual Actual Budget Amount Budget Comments 244 49044 01 530 Improvements Other Than Bldgs - $0 $15,328 $40,000 $55,000 244 49044 01 530.1 Endres Processing -Pay as You Go 55,000 FUND TOTALS $0 $15,328 $40,000 $55,000 STATE OF MINNESOTA ) COUNTY OF DAKOTA )ss. CITY OF ROSEMOUNT ) Linda Jentink, being first duly sworn, deposes and says: 1 am a United States Citizen and the duly qualified Clerk of the City of Rosemount, Minnesota. On September 21, 2000, acting on behalf of the said City, I posted at the City Hall, 2875 145th Street West, and on September 21, 2000 deposited in the United States Post Office of Rosemount, Minnesota, copies of the attached notice of public hearing regarding the proposed East Side Watermain Improvements and appurtenant work for City Project #320, enclosed in sealed envelopes, with postage thereon fully prepaid, addressed to the persons listed on the attached listings at the addresses listed with their names. There is delivery service by United States Mail between the place of mailing and the places so addressed. J Linda Dentin City Clerk City of Rosemount Dakota County, Minnesota Subscribed and sworn to before me this '� �f day of September, 2000. CINDY 0OMMIN _ ..11, _ n CITY OF _RO S E M O U N T 2875 -`;45th s eet West Rosemount, MN 8 -4997 506 Everything's Coming Up Rosemount!! Pnon 55068-4997 Hearing Impaired 651 -423 -6219 Fax: 651 -423 -5203 PUBLIC NOTICE NOTICE OF PUBLIC HEARING ON IMPROVEMENTS EAST SIDE WATERMAIN IMPROVEMENTS CITY PROJECT #320 TO WHOM IT MAY CONCERN: NOTICE IS HEREBY GIVEN, that the City Council of the City of Rosemount, Minnesota will meet at 8:00 o'clock p.m. or as soon thereafter as possible, Tuesday, October 3, 2000 in the Council Chambers of the City Hall, 2875 145th Street West, to consider the following improvements: City Project #320 - East Side Watermain Improvements The nature of improvements shall include the construction of East Side trunk watermain and appurtenant work. The total estimated cost of said improvements is $1,396,252.00. The area proposed to be assessed for the foregoing improvements would be all that area generally described as the following Parcel Identification Numbers: 34-01900 - 010 -57; 010 -67; 010 -40; 011 -12; 34- 01300- 010 -75; 34- 01800 - 018 -88; 015 -88; 34- 74500- 010 -01; 34- 33400 - 031 -02; 34- 72150- 010 -01 as recorded in the City of Rosemount, Dakota County, Minnesota Such person(s) as desires to be heard with reference to the proposed improvements will be heard at this meeting. Written or oral opinion will be considered. Dated this 20th day of September, 2000. BY ORDER OF THE CITY COUNCIL. Linda Jenti City Clerk City of Rosemount Dakota County, Minnesota Auxiliary aids and services are available Please contact City Clerk at (651)322 - 2003, or TDD No. (651)423 -6219, no later than September 27, 2000, to make a request. Examples of auxiliary aids or services may include sign language interpreter, assistive listening kit, accessible meeting location, etc MAILING LIST EAST SIDE WATERMAIN IMPROVEMENTS CITY PROJECT #320 PID NUMBER LAST NAME FIRST NAME MAILING ADDRESS CITY,STATE,ZIPCODE 34- 01900- 010 -57 Company Koch Refining P 0 Box 2256 Wichita, KS 67201 -2256 34- 01900- 010 -67 Company Koch Refining 34- 01900- 010 -40 Company Koch Refining 34-01900-011-12 & Resources Corp Continental Nitrogen 12955 Courthouse Blvd Rosemount, MN 55068 34-01900-011-12 & Resources Corp Continental Nitrogen 34- 01300- 010 -75 Great Northern Oil %Carl Cox P 0 Box 2256 Wichita, KS 67201 -2256 34- 01800- 018 -88 Dixie Petro -Chem, Inc. Dixie Petro -Chem 1 P. 0. Box 16290 Houston, TX 77222- 6290 34- 01800- 015 -88 Partnership Walbon 4230 Pine Bend Trail Rosemount, MN 55068- 2562 34- 74500- 010 -01 Erectors, Inc. Technical 5520 Halifax Lane Edina, MN 55424 34- 33400 - 031 -02 Watsons Rochester Disposal, Inc Eagle Sanitation 1 P 0 Box 228 1375 7" Ave Newport, MN 55055 34- 33400 - 031 -02 Eagle Sanitation 1 34- 72150- 010 -01 Corp. Spectro Alloys 13220 Doyle Path Box 10 Rosemount, MN 55068 The Rosemount Town Pages . AFFIDAVIT OF PUBLICATION DAKOTACOUN'[Y ?MBHxPSOrIA`'. Chad Richardson, being duly sworn, on oath says that he is an authorized NoriCEOFFMIC1LRDV�,�,01 agent and employee of the publisher of the newspaper, known as The DaROVEMErrrs EAST SIDEWATERNADN Rosemount Town Pages, and has full knowledge of the facts which are stat- ed below: ^ TO WHOM t< MAY CMICERN: (A) The newspaper has complied with all of the requirements constituting qualification as a legal newspaper, as p rovided b Minnesota Statutes 9 g P Y NOTIXXIS >n YGIVI dailthe « °tai`'' City otRosemaad ,Vmeson.oittmasat&aookbctpm 331A.02> 331A.07.and other aI)j is a laws, as amend �d. or rn � � a xc , z - --!Its % �T the cep ofdw Cit HA zsn iasan skeet The p rinte d- ( P west, to eons;dame fegowing improvaaatb. t w l r f City hojeets3M- Fasts &w.tetroant s 3�ti The nalmofanpwemmkdaintd�thecodir otim of which is attached, was cut from the columns of said ewspaper, and was EestsWetnmkwsee�mmutdeppurbatnKwodc printed and published once each week for -- successive Tile tow estimssed cost of ad 15 e ; it was first published on Friday, the — - - - - - -- day of s1 3�z52.00. print a yc published on ever 000 and was thereafter P L Y The "Ce s m be asessed ' i<n�vetnents scmid be A the un gawe9y deunbed a - T r � � \ Friao and including Frida ,the__ _ day of Y Y t h e f�+ax xwesota T 9r- 2000; and printed below is a copy of the 98.015 01 5 9 "10.01; 3 4Un- 1- ft jw 6ld118 se ols�s K. x .otaot;scs3�eo.o3t.ar srrnse:` lower case alphabet from A to Z, both inclusive, which is hereby o'"�m�e�' °f'toa° ` acknowledged as being the size and kind of type used in the composition Such ,»,(:) >:aetoaene,<a with v"�` and publication of the notice: ink will be written or mil opeao° will beeonsidem ?.kz11 ilf& Dated d& 2 t &y d5W=het 2000 t ; abcdefghijklnutopyrstuvwxyz BY ORDER OF THE CITY QDUN 7L Lin&Jentink, city Qed: + is'T City of R � Mmes0ti DADU / D By: OW" ' Am&wy aids aad jffvw S are amilab& -Phase eantaL7 City WDNq-jWAW36?1t1, Sub ribed and sw o fore me on this day Chrlrat (6s1;33?aoo3, o no lahrth=Sqmsbvl7.200,tondmarequ&A - o m ,Zoom s .t s hng—V lntopecs aotW- aeeauleh 1 meeting /oeat m VC �z & � I i Notary Public AFFIDAVIT DAWN M SMITH NOTARY PUBLIC - MINNESOTA co - MY Commission Expires Jan. 31, 2005 c