No preview available
HomeMy WebLinkAbout20230620 CCM RM - PACKET AGENDA City Council Regular Meeting Tuesday, June 20, 2023 7:00 PM Council Chambers 1. CALL TO ORDER/PLEDGE OF ALLEGIANCE 2. APPROVAL OF AGENDA 3. PRESENTATIONS, PROCLAMATIONS AND ACKNOWLEDGMENTS a. 2022 Management and Annual Comprehensive Financial Report 4. PUBLIC COMMENT Individuals will be allowed to address the Council on subjects that are not a part of the meeting agenda. Typically, replies to the concerns expressed will be made via letter or phone call within a week or at the following council meeting. 5. RESPONSE TO PUBLIC COMMENT 6. CONSENT AGENDA a. Bills Listing b. Minutes of the June 6, 2023 Regular Meeting Minutes c. Minutes of the June 6, 2023 Work Session Proceedings d. Performance Measure Program e. Donation Acceptance from Joseph Walsh f. Accept Public Streets and Utilities Emerald Isle 2nd Addition g. Approval of the Final Plat for Rosecott Place Apartments h. Declare Crash Attenuator as Surplus Property i. Approval of Council Travel j. Temporary On-Sale Liquor License - Celts 7. PUBLIC HEARINGS a. 2023 Neighborhood Infrastructure Improvement Project, Assessment Hearing and Adopt Assessment Roll b. Public Hearing for the Proposed Tax Abatement on parcels 34-02600-70-013 and 34- th 03500-01-011 Located at 1367 – 145 Street East c. Vacation of Certain Easements in the Prestwick Place 23rd Addition Plat Area Qbhf!2!pg!623 8. UNFINISHED BUSINESS 9. NEW BUSINESS a. Authorizing the Sale of General Obligation Bonds b. Award Bids for the Life Time Facility Construction c. Authorize Declaration and Site Development Agreement with Life Time d. Receive Donation and Execute Agreement with Flint Hills Resources 10. ANNOUNCEMENTS a. City Staff Updates b. Upcoming Community Calendar 11. ADJOURNMENT Qbhf!3!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: 2022 Management and Annual Comprehensive AGENDA SECTION: Financial Report PRESENTATIONS, PROCLAMATIONS AND ACKNOWLEDGMENTS PREPARED BY: Teah Malecha, Finance Director AGENDA NO. 3.a. ATTACHMENTS: 2022 Annual Comprehensive Financial Report, 2022 APPROVED BY: LJM Management Report, 2022 Special Purpose Report, 2022 Federal Compliance Report RECOMMENDED ACTION: Motion to accept the 2022 financial reports. BACKGROUND Each year the City's financial records are audited by an independent public accounting firm. The goal of an independent audit is to provide reasonable assurance that the City's financial statements are free of material misstatement. The audit involves examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. Management assumes full responsibility for the completeness, accuracy, and reliability of the information presented in the Annual Report. To provide a reasonable basis for making these representations, management has established a comprehensive internal framework that is designed both to protect the government's assets from loss, theft or misuse, and to provide sufficient, reliable information for the preparation of the City's financial statements in conformity with Generally Accepted Accounting Principles (GAAP). The cost of internal controls should not outweigh their benefits; therefore, the City of Rosemount's comprehensive framework of internal control has been designed to provide reasonable, rather than absolute assurance, that the financial statements will be free from material misstatement. As management, we assert that to the best of our knowledge and belief, the financial report is complete and reliable in all material respects. The City's financial records have been audited by Malloy, Montague, Karnowski, Radosevich & Co., P.A. (MMKR). Based upon their audit, they concluded there was reasonable basis for rendering an unmodified opinion that the City of Rosemount's financial statements for the fiscal year ended December 31, 2022 are fairly presented in conformity with GAAP. An unmodified opinion is issued when the independent auditor believes that the City's financial statements are sound; that is, the statements are free from material misstatemement. Representatives of the audit firm will be at the City Council meeting to review this year's audit, provide a financial overview of the City's 2022 results, and answer questions. A copy of this year's Management Report, Special Purpose Reports, and the Annual Report are attached. Qbhf!4!pg!623 The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Rosemount for its Annual Report for the year ended December 31, 2021. This was the 26th year the city received this prestigious national award. In order to be awarded this Certificate of Achievement, the government needs to publish an easily readable and efficiently organized Annual Report and has satisfied both GAAP and applicable legal requirements. The Certificate of Achievement is valid for a period of only one year and we believe the current Annual Report continues to meet the Certificate of Achievement program requirements. We will be submitting the 2022 report to the GFOA to determine eligibility for another certificate. As stated earlier, the responsibility for both accuracy and completeness of the financial records rests with the City. This is not accomplished by one person. It takes everyone working together to make this possible. The Finance Department has done an excellent job of maintaining the City's financial records. The department continues to undergo changes to increase efficiency which results in new processes to learn. The implementation of Oracle will also create additional processes. Staff continues to do all work with a high degree of accuracy and should be proud of what they do. City staff members diligently code and/or review invoices for payment, enter receipts, submit supporting documentation, answer our many questions and are conscientious and conservative with their spending. These activities directly contribute to the accuracy and completeness of the City's financial records and improved financial strength. Thank you to staff for paying close attention to detail, patience with complying with our numerous accounting requirements, some of which seem very tedious to those outside of Finance, and their willingness to learn new ways to process information. The auditors did an excellent job. They were organized and asked great questions. The process went smoothly, and they continue to expand their depth and understanding of the City and its processes and policies. Thank you, Mayor and members of the City Council for your willingness to do what you believe is best for the City long-term. It is not easy as it is a constant balancing act. You work hard to continue strengthening the City while maintaining the services we provide. RECOMMENDATION Staff recommends the Council motion to accept the 2022 financial reports. Qbhf!5!pg!623 Qbhf!6!pg!623 Qbhf!7!pg!623 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA Annual Comprehensive Financial Report Year Ended December 31, 2022 Prepared by the Departments of Administration and Finance Logan Martin, City Administrator Teah Malecha, Finance Director Qbhf!8!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!9!pg!623 CITY OF ROSEMOUNT Table of Contents Page INTRODUCTORY SECTION Letter of Transmittal GFOA Certificate of Achievementix Organizational Chartx City Officialsxi FINANCIAL SECTION BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements Statement of Net Position16 Statement of Activities Fund Financial Statements Governmental Funds Balance Sheet Reconciliation of the Balance Sheet to the Statement of Net Position21 Statement of Revenues, Expenditures, and Changes in Fund Balances Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities24 Proprietary Funds Statement of Net Position Statement of Revenues, Expenses, and Changes in Fund Net Position Statement of Cash Flows Notes to Basic Financial Statements REQUIRED SUPPLEMENTARY INFORMATION 67 Schedule of City Contributions67 68 Schedule of City Contributions68 Rosemount Fire Department Relief Association Schedule of Changes in the Net Pension Liability (Asset) and Related Ratios69 Schedule of City Contributions70 Other Post-Employment Benefits Plan 71 Notes to Required Supplementary Information Qbhf!:!pg!623 CITY OF ROSEMOUNT Table of Contents (continued) Page SUPPLEMENTARY INFORMATION Combining and Individual Fund Statements and Schedules Nonmajor Special Revenue Funds Combining Balance Sheet Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Budgetary Comparison Schedules Building CIP Capital Project Sub-Fund85 Street CIP Capital Project Sub-Fund86 Equipment CIP Capital Project Sub-Fund87 Nonmajor Enterprise Funds Combining Statement of Net Position88 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position89 Combining Statement of Cash Flows90 STATISTICAL SECTION (UNAUDITED) STATISTICAL TABLES Net Position by Component Changes in Net Position Fund Balances of Governmental Funds Changes in Fund Balances of Governmental Funds Tax Capacity Value and Estimated Actual Value of Taxable Property 103 Principal Property Taxpayers104 Property Tax Levies and Collections105 Ratios of Outstanding Debt by Type Ratios of Net General Bonded Debt Outstanding Direct and Overlapping Governmental Activities Debt110 Legal Debt Margin Information Pledged Revenue Coverage113 Demographic and Economic Statistics114 Principal Employers115 Full-Time Equivalent City Government Employees by Function Operating Indicators by Function Capital Asset Statistics by Function Qbhf!21!pg!623 INTRODUCTORYSECTION Qbhf!22!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!23!pg!623 ! ! ! ! ! ! June 14, 2023 ! ! ! To the Honorable Mayor, Council Members, and the Citizens of the City of Rosemount: Minnesota statutes require that all cities issue an annual financial report on its financial position and activity prepared in accordance with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants or the Office of the State Auditor. Pursuant to that requirement, we hereby issue the Annual Comprehensive Financial Report (ACFR) of the City of Rosemount (the City) for the fiscal year ended December 31, 2022. This report consists of managements representations concerning the finances of the City. Consequently, management assumes full responsibility for the completeness and reliability of all of the financial information presented in this report. To provide a reasonable basis for making these representations, management of the City has established a comprehensive internal control framework that is designed to protect the governments assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the Citys financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the Citys comprehensive framework of internal controls has been designed to provide reasonable, rather than absolute, assurance that the financial statements will be free from material misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the City as measured by the financial activity of its various funds, and that all disclosures necessary to enable the reader to gain the maximum understanding of the Citys financial affairs have been included. The Citys financial statements have been audited by Malloy Montague Karnowski Radosevich & Co., P.A. (MMKR), a professional firm of licensed certified public accountants. The goal of the independent audit was to provide reasonable assurance that the financial statements of the City for the year ended December 31, 2022, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the Citys financial statements for the year ended December 31, 2022, are fairly presented in conformity with GAAP. The Independent Auditors Report is presented as the first component of the financial section of this report. GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Managements Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The Citys MD&A can be found immediately following the report of the independent auditors. -i- Qbhf!24!pg!623 P ROFILE OF THE G OVERNMENT The City was established as a municipal corporation in 1858 and became a statutory city in 1974. The City has a mayor-council form of government, with the four councilmembers being elected to overlapping four-year terms of office and the mayor serving a four-year term coinciding with the terms of two of the councilmembers. The City Council is responsible, among other things, for passing ordinances, adopting the budget, appointing committees, and hiring the Citys chief administrative officer. The Citys chief administrative officer is the city administrator, who is appointed by and serves at the discretion of the City Council. The city administrator is responsible for carrying out the policies and ordinances of the City Council, for overseeing the day-to-day operations of the City, and for appointing the heads of the Citys various departments, with the City Councils final approval. The City is a growing southern suburb in the Minneapolis/St. Paul metropolitan area, located in Dakota County. The City encompasses approximately 36 square miles. The City is one of the fastest growing communities in the seven-county Minneapolis/St. Paul metropolitan area as demonstrated by the following population trend: PopulationPercent PopulationIncreaseIncrease 2020 Census 25,650 3,77617% 2010 Census 21,874 7,25550% 2000 Census 14,619 5,99770% 1990 Census 8,622 3,53970% 1980 Census 5,083 1,04926% 1970 Census 4,034 The City has an extensive system of state and county highways and 124 miles of city streets that continue to contribute to the communitys growth. This extensive highway network and large tracts of attractive, developable land have made the City an ideal location for residential development and increasingly commercial/industrial development. There is approximately 1,719 acres of industrial and commercially designated property ready for development. There is also slightly less than 777 acres within the municipal service area to permit future residential growth. Rail, air, barge, and freeway access provides the Citys economic community with an expedient transportation system. Four major highways link the City to Minneapolis, St. Paul, and the rest of the metropolitan area. The City provides a full range of services, including police and fire protection; the construction and maintenance of highways, streets, and other infrastructure; water, sewer, and storm water services; and recreational activities and cultural events. Certain economic development services are provided through the Rosemount Port Authority. The Rosemount Port Authoritys financial data has been presented in this financial report as a blended component unit. The annual budget serves as the foundation for the Citys financial planning and control. All departments of the City submit requests for appropriation to the city administrator on or before May 15th of each year. The city administrator uses these requests as the starting point for developing a proposed budget. The city administrator then presents this proposed budget to the City Council for review and adoption of a preliminary levy by September 30th. The City Council holds a public hearing on the proposed budget and must adopt a final budget and levy by no later than December 28th, prior to the close of the Citys fiscal year. The appropriated budget is prepared by fund, department, and function. The Citys department heads may make transfers of appropriations within a department; transfers of appropriation between departments require approval of the City Council. Budget-to-actual comparisons are provided in this report for each individual governmental fund for which an appropriated annual budget has been adopted. For the General Fund, this comparison is presented as part of the basic financial statements. -ii- Qbhf!25!pg!623 F ACTORS A FFECTING F INANCIAL C ONDITION The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which the City operates. Local Economy The City is a growing community experiencing rapid growth compared to the last decade. 2022 had a record year in new permit valuation, with a total exceeding $155 million. In total, there were 228 new dwelling units in 2022; 134 single-family, 62 townhome units, and 32 apartments. While the community continues to grow, ample land for residential, commercial, and industrial development are still available and the community is projected to keep expanding post 2050. The central portion of the City centered around County Road 42/County Road 73 is the primary area of new growth and development activity. The City, partnering with Dakota County, is committed to installation of road and utility infrastructure that encourages and supports new growth. Additional development opportunities exist in the south, within the University of Minnesota (UMore) 3,000-acre landholding, and to the east, which is primarily farmed until future pressures modify the land uses. The first mixed-use development in UMore was approved in 2021. Amber Fields consists of 435 acres, which will build out to approximately 2,000 new housing units. Consistent with the City Council goals of promoting Rosemounts downtown, the City approved a 4-story market rate 124-unit apartment in 2020 called The Morrison. The project was a redevelopment project, replacing an obsolete mall, and replacing it with the apartment building and a small stand-alone commercial structure. The first phase of The Morrison was completed in 2021, with the majority of the units leased up. Additional redevelopment opportunities have presented themselves and city staff has been actively working with property owners to encourage reinvestment. On the commercial and industrial side of development, projects continue at a steady pace. Significant projects include completion of North 20 Brewing, Omni Orchards Farm Winery and Taproom, a 417,000 square foot distribution center for The Home Depot, and construction starting on a 557,000 square foot FedEx distribution facility. Other projects include a new 60,000 square foot manufacturing facility for Frana Companies and a 32-unit assisted living/memory care facility by Suite Living, among others. The City, in partnership with Xcel Energy and the University of Minnesota, have been responding to RFIs for approximately 300 acres just east of Dakota County Technical College and the adjoining 160-acre parcel marketed by OPUS Corporation. Community leadership has preserved 540 beautiful acres of land for 30 parks. In 2022, playground equipment was added at the Flint Hills Athletic Complex. Bordered by the scenic Mississippi River, the City also contains 270 acres of the Spring Lake Regional Park Preserve. The Citys Community Center, a part of the Army National Guard, provides a variety of indoor recreation opportunities and meeting spaces, including an ice arena, gymnasium, auditorium, and banquet facility. In 2015, the City opened a 10,000 square foot addition to the Steeple Center to house a variety of activities and events. Given the underlying strength of the economy in the seven-county metropolitan area, the diversification of tax and employment bases and the Citys desirable location, the future outlook is very optimistic. Long-Term Financial Planning Growth and development in the City are guided by the approved 2040 Comprehensive Plan. The 2040 Comprehensive Plan is generally consistent with the goals and objectives of the previous 2030 Comprehensive Plan, with the exception that additional land has been brought into the metropolitan urban service area to permit further residential development within the community. The Citys population for the 2020 Census was 25,650, with the projections for 2030 and 2040 at 32,500 and 38,000, respectively. -iii- Qbhf!26!pg!623 Cartegraph and GIS In 2022, we continued to expand the use of our Cartegraph Operations Management and Geographic Information Systems with the use of new mobile and desktop applications. The implementation of a new internal map viewer, an upgraded Cartegraph mobile application, and advanced global positioning system (GPS) tools has continued to improve the efficiencies of workflows and communications for staff in the field and in the office. These map-based approaches continue to improve the quality and timeliness of service that is provided to residents. Capital Improvement Projects The Public Works Department coordinated and/or completed the following capital improvement projects in 2022: !Electrical and controls replacements at Well No. 7 !Procured three lift station cabinets (Birger Pond, Sanitary Lift Station 9, and Sanitary Lift Station 6) !Installed stormwater lift station controls cabinets at Copper and Schwarz ponds !Installed fiber optic lines between Fire Station No. 2 and the Bacardi Water Tower to support the future advanced (water) meter infrastructure network !Took delivery of an additional new single axel dump truck (438) to our fleet !Took delivery of one emergency standby generator (increasing this fleet to three) !Painted Ailesbery Park sun shelter !Replaced backstop at Winds Park !Replaced irrigation system at Winds Park !Replaced soffit and facia on J-C Park shelter !Installed new curbing around garden beds in Central Park !Replaced doors and stained the bandshell at Central Park !Built rain garden at J-C Park with Dakota County !Took delivery of two new F-350s heavy duty pickups to the fleet !Repainted the interior and exterior of Public Works North Building !Repainted the interior of Fire Station No. 1 !Built Organic Waste Residential Drop Site Enclosure, with funding from Dakota County !Replaced carpet in the Police Department !Remodeled the Police Department locker room !Performed roof inspections at City Hall and Fire Station No. 2 !Performed roof repairs at Public Works Central Building !Replaced wall mounted lights at Public Works Central Building with LEDs !Remodeled/replaced cubicles at City Hall !Converted all lighting at Fire Station No. 2 to LEDs City Construction Projects !2022 Street Improvements Pavement reclamation on Biscayne Avenue, 126th Street West, Danbury Way, Chinchilla Avenue, and 127th Court West. In addition, some stormwater management improvements were completed as well. !Bonaire Path East (Akron Avenue to Anderson Drive) The gravel road was upgraded to an urban paved section with curb and gutter and the extension of water main. The completion improvements by Union Pacific Railroad were completed in 2022, which allowed for final paving of the roadway. This project was designed such that the railroad quiet zone can be established on Bonaire Path East. It also provides an extension of raw and potable water main, as well as storm sewer. !Boulder Avenue Extension Boulder Avenue is being extended from the newly constructed portion completed by the JJT Business Park 2nd Addition. This road is being constructed as a paved urban section and being extended to Minnesota Trunk Highway 3. Additionally, sanitary sewer and water main will be extended, along with a portion of trunk storm sewer. !Driver Avenue and Trunk Sewer Extension Driver Avenue is being constructed as a paved urban section extending from 140th Street south to County State Aid Highway (CSAH) 42. Additionally, water main and trunk sanitary sewer are being constructed, along with stormwater management. -iv- Qbhf!27!pg!623 Private Developer Construction Projects Amber Fields 1st Addition This subdivision is the first phase of Amber Fields neighborhood and began development of approximately 435 acres to the south of CSAH 42 and south and west of Dakota County Technical College. The 1st Addition consists of public infrastructure, including 148th Street, Auburn Avenue, and Abbeyfield Avenue, which are all constructed as paved urban sections. Additionally, water and trunk sanitary sewer are being constructed, along with stormwater management. All work is being performed by Maplewood Development. !Amber Fields 2nd Addition This subdivision is the second phase of Amber Fields development south of 148th Street of single-family homes and townhomes by developer Maplewood Development. Pulte Homes will be the builder. !Amber Fields 3rd Addition This subdivision is the third phase of Amber Fields development south of 148th Street of townhomes by developer Maplewood Development. Lennar Homes will be the builder. !Amber Fields 4th Addition This subdivision is the fourth phase of Amber Fields development south of 148th Street of single-family homes by developer Maplewood Development. M/I Homes will be the builder. !Amber Fields 5th Addition This subdivision is the fifth phase of Amber Fields development south of 148th Street of single-family homes by developer Maplewood Development. David Weekley Homes will be the builder. !Ardan Place 2nd Addition This subdivision is the final phase of the Ardan Place development south of Bonaire Path and west of Akron Avenue of single-family homes and townhomes by developer Tamarack Land Development. !Caramore Crossing 3rd Addition This is the final phase of the Caramore Crossing development north of Bonaire Path and west of Akron Avenue of single-family homes by developer D.R. Horton. !Emerald Isle 3rd Addition This subdivision is the final phase of the Emerald Isle development east of Akron Avenue and south of the Greystone Addition of single-family homes by developer CNC Development IV. !JJT Business Park 2nd Addition (Project Osprey) This subdivision extended Boulder Avenue as a paved urban section south from the existing cul-de-sac along with water, sanitary sewer, and stormwater management. Additionally, a large warehouse was constructed with rail extensions to accommodate a large home improvement business. !Rich Valley 1st Addition This subdivision is the first phase of the Rich Valley development to the east of U.S. Highway 52 and north of CSAH 42 of business park development. !Rosewood Commons This subdivision is the first phase of the Rosewood Commons development north CSAH 42 and west of Business Parkway of mixed commercial and multi-family homes by developer KJ Walk. !Talamore 1st and 2nd Additions This subdivision is the first phase of the Talamore development east of the Emerald Isle subdivision of single-family homes and townhomes by developer Lennar. P UBLIC S AFETY The Rosemount Police Department (the Police Department) is responsible for policing services to the community to ensure safety and response to service calls. A mission statement guides the actions of the Police public, resolves problems, prevents crimes, and enforces laws. We pursue our mission and serve with honor, integrity, The specific service functions within the Police Department are described on the following pages. -v- Qbhf!28!pg!623 Police AdministrationThis budget provides for the overall leadership, planning, coordinationand management of personnel and administration of activities within the Police Department. This includes the collection, preparation and filing of crime data and miscellaneous reports with the state of Minnesota; preparation and oversight of the operating and capital improvements budgets; and strategic planning for the future needs of the Police Department and the community. Police Department leadership is also involved in many consolidated services governance boards that contribute to policing services for the City. The Dakota Communications Center, Dakota County Criminal Justice Network, Local Government Information Systems, Dakota County Drug Task Force, South Metro SWAT, Dakota County Domestic Preparedness Committee, the Dakota County Coordinated Response program, and the Dakota County Electronic Crimes Unit are consolidated services organizations that contribute to the Citys policing services. Records Unit The Police Departments records unit is responsible for the processing of over 2,000 case reports each year. Reports require transcription and compilation for transmittal to the City or county prosecutors office, or any other agency (i.e., Social Services, Department of Human Services, etc.) requiring information for service to the community. Records staff ensure the Police Department is compliant with all Minnesota Bureau of Criminal Apprehension data management laws, regulations, and reporting requirements. Administrative support is provided to the entire Police Department for gun permit applications, criminal background checks, city licensing requirements, and data requests among others. Patrol Operations Uniformed patrol is the core function of the Police Department and the most visible in the community. Through 24-hour daily patrols in marked police vehicles, patrol officers respond to calls for service, investigate traffic accidents, regulate traffic control, conduct preliminary criminal investigations, enforce traffic laws, enforce criminal laws, perform foot/bike patrol, and provide general and specific deterrence to crime. In addition, patrol officers respond to medical calls as trained in first aid and CPR. Through patrol operations, the Police Department meets its goal of the protection of life and property and creating a sense of safety and security in the community. Equally important, a significant amount of time is spent developing relationships within the community and partnering with members of community organizations. Patrol officers perform additional specialty assignments as Crime Scene Technicians, Use-of-Force Instructors, South Metro SWAT Tactical Officers, Drug Recognition Experts, Special Operations Team operators (SOT), Field Training Officers and as various committee members (i.e., Uniform Committee, Recognition Committee, etc.). Criminal Investigations Patrol officers and investigators are responsible for the investigation of criminal incidents through evidence gathering and analysis, witness and suspect interviews, and court preparation and testimony. Complex investigations or those requiring a multi-jurisdictional or agency involvement are coordinated by the investigator. This is accomplished by working cooperatively with other police agencies, the County Attorneys Office, Dakota County Social Services, victim services and other local, state and federal law enforcement agencies. One investigator is assigned to the Dakota County Drug Task Force, a multi-jurisdictional joint powers entity, whose mission is to investigate drug crimes in the City and throughout Dakota County. Animal Control The Police Department is responsible for the enforcement of ordinances related to the control and care of domestic animals. These tasks are mainly handled by Community Service Officers. Their duties include the licensing of dogs and ferrets, assisting in the handling of stray, lost or injured animals, and other complaints of animals causing a nuisance. Code Enforcement The Police Department assists the Community Development Department with code enforcement of city ordinances related to property maintenance and outside storage. The Police Departments Community Service Officers primarily handle this effort. Property owners that are observed to be in violation of an ordinance are notified of the violation and given an explanation of how to remedy the violation. The enforcement of city ordinances is important to maintain community standards, which help the City attain its mission of providing a safe, healthy, and pleasant community. -vi- Qbhf!29!pg!623 Emergency ManagementThe City has an all-hazards emergency plan and the Chief of Police serves as the Citys Emergency Manager. The Emergency Manager is responsible for the development of emergency plans in the event of a chemical, technical or natural disaster in the community (e.g.,tornado, flooding, school shooting, or hazardous materials release). The Chief of Police represents the City on the Dakota County Domestic Preparedness Committee (DCDPC). The DCDPC is comprised of police, fire, dispatch, EMS, public health, and medical facility representatives to aid all Dakota County cities and Dakota County with all-hazards emergency planning and leadership. Crime Prevention and Community Education A significant effort is made by the Police Department to build relationships with the community to build trust, share perspectives and create partnerships to serve the community together. Moreover, the Police Department works to inform residents of crime within the community, methods/strategies to help prevent crimes, and keep open channels of communications to receive input/feedback about crime that is occurring. While these objectives are part of each officers daily responsibilities, there are specific programs that are more associated with community policing; these programs emphasize the need for the police and citizens to work together to prevent criminal activity and reduce the opportunities for criminals to commit crimes. School Resource Officer (SRO) Officers serve as a liaison to the Rosemount Middle and the Rosemount High School. The SRO investigates criminal incidents that occur at the schools or that involve students at the schools. In addition, the SROs work with the school staff to enhance the safety and security for both staff and students, specifically providing school safety planning, and hostile event prevention and response planning. Presentations on a variety of topics are made by the SRO to classes at all grade levels. Community Resource Officer (CRO) In order to work together with the community, the Police Department must share information concerning criminal activity and crime prevention with the community. While all officers are available to make presentations to community groups and organizations on a variety of topics, the CRO focuses on acting as a primary liaison to the community. Several events are also held throughout the year to build relationships with the residents and local businesses. These include Night-to-Unite block parties, Neighborhood Watch meetings, Shop with a Cop, Cops for Kicks, Guns vs. Hoses Hockey Game, Ballin in Dakota County Basketball Tournament, Pink Patch Project, Warrior 196 Run, Public Safety in the Park, and several events throughout the annual Leprechaun Days events (i.e., Kids Dance, Police Booth, etc.). Finally, the Police Department also utilizes a Facebook page to inform the community on a variety of issues surrounding the community and public safety. Coordinated Community Response (CCR) One part-time officer is assigned to partner with an embedded social worker from Dakota County Social Services. The model provides a coordinated response by the parties to address increased law enforcement involvement in calls for service that may require the need for services and programs offered by Dakota County. This collaboration of a police officer and embedded social services allows for better follow-up, service coordination, and crisis stabilization services following a mental health crisis event. In 2022, the CCR team followed up on nearly 400 calls to bring services and help provide voluntary resources for short and long-term stabilization that are an essential component of an effective crisis services continuum. Officer Wellness and Peer Support Program The Police Department recognizes the significant stressors that officers face and the serious implications they can have on health and longevity. The Police Department continues to build out wellness programming to enhance resiliency, improve heart health, and offer support to everyday stressors of the public safety profession. Specifically, the Police Department hires a professional mental health consultant that offers a confidential Police Officer Wellness through Enhanced Resiliency program. Officers are provided up to six confidential therapy sessions a year, critical incident follow-up, and other on-site services. In addition, a Peer Support Counseling Program allows selected and specially trained officers to confidentially help and support their peers when personal or professional matters may negatively affect their work performance, family unit, or self. Lastly, the Police Department offers opportunities to physically work out and a law-enforcement focused heart health monitoring program. -vii- Qbhf!2:!pg!623 ReserveOfficer ProgramReserve officers are volunteers who supplement the staff of sworn officers of the Police Department to serve the mission. The reserve officers are utilized to handle traffic and crowd control duties at accident scenes, city festivals, community gatherings,or other emergencies. The reserve officers work a variety of community events (i.e.,Leprechaun Days, Food Truck Festival, high school football games, etc.), hazardous materials spills or leaks, damage resulting from tornadoes or other severe weather,and major criminal incidents. Reserve officers patrol on some evenings, handle calls for service, such as motorist assists and animal complaints, and they often help with arrestee transports. Reserve officers regularly provide crime prevention information to citizens at community events or through other programs. Chaplain ProgramThe police chaplains assist in a variety of situations in which individuals or families are having difficulties. Chaplains provide support to persons that are experiencing stress as a result of the death of a loved one, marital or family problems, financial struggles,or any other event. By utilizing the chaplains to console and counsel persons in crisis, police officers can focus on their primary duties, while the chaplains are able to remain with the persons involved in the crisis. Adult Citizen Academy Program The Police Department partners with the Apple Valley Police Department to conduct an Adult Citizen Academy. It is a way to offer those wholive or work in the City an inside look at the operation of their police department. It also allows them an opportunity to meet the officers who serve them. The Adult Citizen Academy covers topics, such as recruiting, ethics, criminal investigations, the charging process, drug task force, use of force, traffic enforcement, forensics, and includes a citizen ride-along with a patrol officer. As such, it helps fulfill the Police Departments educational mission. Teen Citizen Academy ProgramThe Police Department partners with the Apple Valley Police Department to conduct a Teen Citizen Academy. The Teen Citizen Academy covers topics similar to the Adult Citizen Academy, but it is geared towards teens. Citys Financial PoliciesDuring the current year, none of the Citys financial polices had a significant impact on the financial statements. A WARDS AND A CKNOWLEDGEMENTS The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City for its ACFRfor the fiscal year ended December 31, 2021. This was the 26th consecutiveyear that the City has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized ACFR. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current ACFR continues to meet the Certificate of Achievement Programs requirements and we are submitting it to the GFOAof the United States and Canada to determine its eligibility for another certificate. The preparation of this report would not have been accomplished without the talentedand dedicated services of theentire staff of theFinance Departmentand other city personnel. We would like to express our appreciation to all members of city staff who assisted and contributed to the preparation of this report. We would also like to express our appreciation to the mayor and the members of the City Council for their support in planning and conducting the financial operations of the City in a responsible and progressive manner. Respectfully submitted, Teah Malecha Finance Director -viii- Qbhf!31!pg!623 -- Qbhf!32!pg!623 Qbhf!33!pg!623 CITY OF ROSEMOUNT City Officials December 31, 2022 ELECTED OFFICIALS Term Expires Bill DrosteMayorDecember 31, 2022 Paul EsslerCouncilmemberDecember 31, 2026 Heidi FreskeCouncilmemberDecember 31, 2024 Jeff WeisenselCouncilmemberDecember 31, 2024 VacantCouncilmemberVacant APPOINTED OFFICIALS Logan MartinCity Administrator Teah MalechaFinance Director Emmy FosterAssistant City Administrator Brian EricksonCity Engineer Nick EggerPublic Works Director Adam KienbergerCommunity Development Director Mikael DahlstromPolice Chief Richard SchroederFire Chief Dan SchultzParks and Recreation Director -xi- Qbhf!34!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!35!pg!623 FINANCIAL SECTION Qbhf!36!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!37!pg!623 D FSUJGJFE Q VCMJD B DDPVOUBOUT INDEPENDENT AUDITORS REPORT To the City Council and Management City of Rosemount, Minnesota O PINIONS We have audited the accompanying financial statements of the governmental activities, the business-type activities,each major fund,and the aggregate remaining fund information of the City of Rosemount, Minnesota(the City)as of and for the year ended December 31, 2022,and the related notes to the financial statements, which collectively comprise the Citys basic financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City as of December 31, 2022, and the respective changes in financial position, and, where applicable, cash flows thereof, and the budgetary comparisons for the General Fund for the year then ended, in accordance with accounting principles generally accepted in the United States of America. B ASIS FOR O PINIONS Weconducted our audit in accordance with auditing standards generally accepted in the United States of Americaand the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States.Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City,and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. E MPHASIS OF M ATTER Change in Accounting Principle As described in Note 1to the basic financial statements, in fiscal 2022, the Cityadopted new accounting guidance, Governmental Accounting Standards Board(GASB)Statement No. 87, Leases.Our opinion is not modified with respect to this matter. (continued) -1- Qbhf!38!pg!623 R ESPONSIBILITIES OF M ANAGEMENT FOR THE F INANCIAL S TATEMENTS Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Citys ability to continue as a going concern for 12 months beyond the financial statements date, including any currently known information that may raise substantial doubt shortly thereafter. A UDITORS R ESPONSIBILITIES FOR THE A UDIT OF THE F INANCIAL S TATEMENTS Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors report that includes our opinions. Reasonable assurance is a high level of assurance, but is not absolute assurance and, therefore, is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgement made by a reasonable user based on the financial statements. In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we: !Exercise professional judgment and maintain professional skepticism throughout the audit. !Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. !Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Citys internal control. Accordingly, no such opinion is expressed. !Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. !Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Citys ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit. (continued) -2- Qbhf!39!pg!623 R EQUIRED S UPPLEMENTARY I NFORMATION Accounting principles generally accepted in the United States of America require that the managements discussion and analysis and the required supplementary information (RSI), as listed in the table of contents, be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the GASB, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the RSI in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with managements responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. S UPPLEMENTARY I NFORMATION Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Citys basic financial statements. The accompanying combining and individual fund financial statements and schedules, as listed in the table of contents, are presented for the purpose of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole. O THER I NFORMATION Management is responsible for the other information included in the annual report. The other information comprises the introductory and statistical sections, but does not include the basic financial statements and our auditors report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. O THER R EPORTING R EQUIRED BY G OVERNMENT A UDITING S TANDARDS In accordance with Government Auditing Standards, we have also issued our report dated June 14, 2023 on our consideration of the Citys internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements, and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Citys internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Citys internal control over financial reporting and compliance. Minneapolis, Minnesota June 14, 2023 -3- Qbhf!3:!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!41!pg!623 CITY OF ROSEMOUNT Managements Discussion and Analysis Year Ended December 31, 2022 As management of the City of Rosemount, Minnesota (the City), Annual Comprehensive Financial Report (ACFR) this narrative overview and analysis of the financial activities of the City for the fiscal year ended December 31, 2022. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal, which is presented in the introductory section of this report. FINANCIAL HIGHLIGHTS !The assets and deferred outflows of resources of the City exceeded liabilities and deferred inflows of resources by $286,084,595 (net position) at the close of the most recent fiscal year. Of this amount, $71,671,478 (unrestricted net position) may be used to meet the governments ongoing obligations to citizens and creditors. !The Citys total net position increased by $20,121,089. This increase is partially attributable to an increase in capital assets funded by grants and developers. !The Citys outstanding bonded debt decreased by $1,090,000, or 15.6 percent, during the fiscal year. !At year-end, unassigned fund balance for the General Fund was $8,815,419, or 53.0 percent, of the total General Fund expenditures and transfers out, budgeted for the upcoming year. OVERVIEW OF THE FINANCIAL STATEMENTS This discussion and analysis is intended to serve as an introduction to the Citys basic financial statements. The Citys basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. These financial statements include not only the City itself (known as the primary government), but also the Rosemount Port Authority (the Port Authority). The Port Authority has been presented as a blended accepted in the United States of America. Government-Wide Financial Statements The government-wide financial statements are designed to provide readers with a broad overview of the Citys finances, in a manner similar to a private sector business. The Statement of Net Position presents information on all of the Citys assets, liabilities, and deferred inflows/outflows, as applicable, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. -4- Qbhf!42!pg!623 The Statement of Activities presents information showing how the Citys net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned, but unused personal leave time). Both of the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include general government; public safety; public works; culture, education, and recreation; and conservation and economic development. The business-type activities of the City include water, sewer, storm water, street lighting, and arena. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into two categories: governmental funds and proprietary funds. Governmental Funds Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on the near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a governments near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the governments near-term financing decisions. Both the governmental funds Balance Sheet and Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains several individual governmental funds. Information is presented separately in the governmental funds Balance Sheet and Statement of Revenues, Expenditures, and Changes in Fund Balances for the Citys individual major governmental funds. They are as follows: !General Fund !Capital Projects Fund !Debt Service Fund !Port Authority Debt Service Fund !Port Authority Special Revenue Fund !American Rescue Plan Act Fund Data from the other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements elsewhere in this report. The City adopts an annual appropriated budget for its General Fund and certain capital project sub-funds. Budgetary comparison statements or schedules have been provided for these funds to demonstrate compliance with their respective budgets. -5- Qbhf!43!pg!623 Proprietary Funds The City maintains two different types of proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its public utilities and ice arena operations. The internal service fund is an accounting device to accumulate and allocate costs internally among the Citys various functions. The City uses its internal service fund to account for insurance premiums and deductibles and to accumulate resources for the risk of uninsured loss. Because this service predominantly benefits governmental rather than business-type functions, it has been included within governmental activities in the government-wide financial statements. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the water, sewer, and storm water utilities, which are considered to be major funds of the City, and combined information on the street lighting utility and arena funds, which are considered nonmajor funds. Individual fund data for each of these nonmajor proprietary funds is provided in the form of combining statements elsewhere in this report. The internal service fund is also presented separately in the proprietary fund financial statements. ! Notes to Basic Financial Statements The notes to basic financial statements provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. Other Information In addition to the basic financial statements and accompanying notes, the financial section also presents required supplementary information, following the basic financial statements, and the combining and individual fund statements and schedules (presented as supplementary information) referred to earlier in connection with nonmajor governmental funds, which are presented immediately following the required supplementary information. Furthermore, a statistical section has been included as part of the ACFR to facilitate additional analysis, and is the third and final section of the report. -6- Qbhf!44!pg!623 GOVERNMENT-WIDE FINANCIAL ANALYSIS An analysis of the Citys financial position begins with a review of the Statement of Net Position and the Statement of Activities. These two statements report the Citys net position and changes in net position. It should be noted that the financial position can also be affected by nonfinancial factors, including economic conditions, population growth, and new regulations. As noted earlier, net position may serve over time as a useful indicator of the Citys financial position. As presented in the following condensed version of the Statement of Net Position, the Citys assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $286,084,595 at December 31, 2022. City of Rosemounts Net Position Governmental Activities Business-Type Activities Total 202220212022202120222021 Current and other assets$ 48,560,557 $ 46,628,656 $ 46,407,720 $ 38,662,032 $ 94,968,277 $ 85,290,688 Capital assets, net 100,741,171 102,616,953 115,858,797 103,069,531 216,599,968 205,686,484 Total assets$149,301,728 $149,245,609 $162,266,517 $141,731,563 $311,568,245 $290,977,172 Deferred outflows of resources$ 9,214,417 $ 5,605,333 $ 483,121 $ 633,275 $ 9,697,538 $ 6,238,608 Current liabilities$ 5,123,223 $ 6,677,988 $ 1,326,583 $ 222,744 $ 6,449,806 $ 6,900,732 Long-term liabilities 23,985,440 14,041,230 2,648,567 2,086,657 26,634,007 16,127,887 Total liabilities$ 29,108,663 $ 20,719,218 $ 3,975,150 $ 2,309,401 $ 33,083,813 $ 23,028,619 Deferred inflows of resources$ 1,131,130 $ 7,470,981 $ 966,245 $ 752,674 $ 2,097,375 $ 8,223,655 Net position Net investment in capital assets$ 92,676,025 $ 93,890,840 $114,082,422 $102,152,720 $206,758,447 $196,043,560 Restricted 7,654,670 7,888,401 7,654,670 7,888,401 Unrestricted 27,945,657 24,881,502 43,725,821 37,150,043 71,671,478 62,031,545 Total net position$128,276,352 $126,660,743 $157,808,243 $139,302,763 $286,084,595 $265,963,506 The largest portion of the Citys net position, $206,758,447, or 72.3 percent, reflects its investment in capital assets (e.g., land, buildings, machinery and equipment, and infrastructure); less any outstanding related debt used to acquire those assets. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the Citys investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. An additional portion of the Citys net position, $7,654,670, or 2.7 percent, represents resources that are subject to external restrictions on how they may be used. The remaining balance representing unrestricted net position ($71,671,478) may be used to meet the governments ongoing obligations to citizens and creditors. Certain balances within unrestricted net position may have internally imposed commitments or limitations, which may further limit the purpose for which such net position may be used. At the end of the current fiscal year, the City is able to report positive balances in all three categories of net position, both for the government as a whole, as well as for its separate governmental and business-type activities. Increases in development activity in the City and changes in state-wide pension obligations contributed to the fluctuations in the above table. -7- Qbhf!45!pg!623 CHANGES IN NET POSITION The following table provides a condensed version of the Statement of Activities for the year ended December 31, 2022, with comparative totals for the year ended December 31, 2021. The Citys total net position increased by $20,121,089, or 7.6 percent, during the current fiscal year. City of Rosemounts Change in Net Position Governmental Activities Business-Type ActivitiesTotal 202220212022202120222021 Revenues Charges for services$ 7,354,963 $ 6,435,829 $ 13,929,971 $ 11,740,891 $ 21,284,934 $ 18,176,720 Operating grants and contributions 1,369,293 918,900 48,918 4,769 1,418,211 923,669 Capital grants and contributions 8,288,236 4,886,604 7,037,185 4,250,898 15,325,421 9,137,502 Taxes 15,543,710 14,991,157 15,543,710 14,991,157 Grants and contributions not restricted to specific programs 2,756,805 Interest earnings (charges) (1,104,124) (46,924) (1,511,356) (25,288) (2,615,480) (72,212) Other 90,371 161,863 90,371 161,863 Total revenues 34,299,254 27,347,429 19,504,718 15,971,270 51,047,167 43,318,699 Expenses General government 2,971,915 4,103,373 2,971,915 4,103,373 Public safety 7,327,325 5,921,296 7,327,325 5,921,296 Public works 10,471,901 8,598,676 10,471,901 8,598,676 Culture, education, and recreation 2,786,447 2,282,462 2,786,447 2,282,462 Conservation and economic development 1,521,954 167,994 1,521,954 167,994 Interest and fiscal charges 195,474 256,608 195,474 256,608 Water 2,370,105 2,435,714 2,370,105 2,435,714 Sewer 3,430,121 3,248,320 3,430,121 3,248,320 Storm water 1,680,565 1,977,377 1,680,565 1,977,377 Steet lighting 258,002 206,117 258,002 206,117 Ice arena 669,074 540,369 669,074 540,369 Total expenses 25,275,016 21,330,409 8,407,867 8,407,897 33,682,883 29,738,306 Change in net position before transfers 9,024,238 6,017,020 11,096,851 7,563,373 20,121,089 13,580,393 Transfers (7,408,629) 222,920 7,408,629 (222,920) Change in net position 1,615,609 6,239,940 18,505,480 7,340,453 20,121,089 13,580,393 126,660,743 120,420,803 139,302,763 131,962,310 265,963,506 252,383,113 $128,276,352 $126,660,743 $157,808,243 $139,302,763 $286,084,595 $265,963,506 Governmental Activities Governmental activities increased the Citys net position by $1,615,609, accounting for approximately 8.0 percent of the total growth in the governments net position. This compares to an increase (from governmental activities) of $6,239,940 in 2021. Revenues increased by $6,951,825, mainly related to capital grants and contributions and unrestricted COVID-19-related grants in 2022. Total expenses increased $3,944,607, or 18.5 percent, from 2021, with the largest spending increases in public works, public safety, and conservation and economic development spending. Natural inflationary increases and changes in state-wide pension obligations contributed to the change compared to the prior year. Net transfers between governmental activities and business-type activities changed largely due to projects completed in governmental activities being transferred to business-type activities with the completion of capital projects in the current year. Business-Type Activities Business-type activities increased the Citys net position by $18,505,480, accounting for approximately 92.0 percent of the total growth in the governments net position. This compares to an increase of $7,340,453 in 2021. The primary reason for the change in net position, compared to the prior year change, was due to increases in charges for services and capital grants and contributions. Charges for services were up with more utility charges, and increased capital contributions from governmental funds and developers accounted for the change in capital grants and contributions. -8- Qbhf!46!pg!623 GOVERNMENTAL ACTIVITIES RevenuesThe following chart illustrates the Citysrevenuesby source for its governmental activities: Revenues by Source Governmental Activities ExpensesThe following chart illustrates the Citys governmental expenses and corresponding program revenues, excluding transfers,for its governmental activities: Expenses and Program Revenues Governmental Activities $11,000,000 $10,000,000 $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $ Culture,Conservation GeneralInterest and Public SafetyPublic WorksEducation, andand Economic GovernmentFiscal Charges RecreationDevelopment Program Revenues$ $5,099,912$962,342$8,882,351$1,911,265$156,622 Expenses $2,971,915$7,327,325$10,471,901$2,786,447$1,521,954$195,474 -9- Qbhf!47!pg!623 BUSINESS-TYPE ACTIVITIES RevenuesThe following chart illustrates the Citys revenuesby source for its business-type activities: Revenues by Source Business-Type Activities ExpensesBelow is a graph showing the Citys program revenuesand expenses, excluding transfers,for its business-type activities: Expenses and Program Revenues Business-Type Activities $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $ Water FundSewerStorm WaterStreet LightingIce Arena Program Revenues $7,260,612$7,451,630$5,549,950$284,692$469,190 Expenses $2,370,105$3,430,121$1,680,565$258,002$669,074 -10- Qbhf!48!pg!623 FINANCIAL ANALYSIS OF THE CITYS FUNDS As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds The focus of the Citys governmental funds is to provide information on near-term inflows, outflows, and balances of currently available resources. Such information is useful in assessing the Citys financing requirements. In particular, unassigned fund balance may serve as a useful measure of a governments net resources available for spending at the end of the fiscal year. As of the end of the current fiscal year, the Citys governmental funds reported combined ending fund balances of $38,037,076, an 11.3 percent increase of $3,848,570 from 2021. The unassigned fund balance constitutes $8,815,419, which is available for spending at the governments discretion (this amount is entirely in the General Fund and is typically available to meet cash flow needs). A small amount ($48,017) is classified as nonspendable for prepaid items. The City has $4,959,849 classified as restricted to meet debt service requirements, restricted for TIF requirements, or relates to PEG fees and forfeiture spending. The remainder of the fund balance is considered to be committed or assigned for specific purposes and unavailable for discretionary spending. Financial highlights for the Citys major governmental funds are as follows: General Fund The General Fund is the chief operating fund of the City. At the end of the current fiscal year, unassigned fund balance of the General Fund was $8,815,419, while total fund balance equaled $12,325,001.! During the current fiscal year, unassigned fund balance in the General Fund decreased by $313,609. The decrease was intentional, as the City has determined, through the adoption of a formal Fund Balance Policy, it would like to maintain an unassigned fund balance between 4555 percent of the next General Fund operating expenditure and other financing uses budget. Forty to fifty percent normally provides adequate working capital to finance General Fund operations until property taxes and state aids are received. The desired unassigned fund balance level also provides a certain amount of comfort that unforeseen emergencies can be addressed without causing an immediate financial crisis. At year-end, unassigned fund balance for the General Fund was $8,815,419, or 53.0 percent, of the total General Fund expenditures and transfers out budgeted for the upcoming year, which is available to meet working capital needs. Other Major Funds The capital projects fund balance increased by $3,834,188, due to revenues and other financing sources exceeding expenditures and other financing uses in the current year. The timing of project spending does not always align with the recognition of the associated financing sources. The Debt Service and Port Authority Debt Service Funds both reported a decrease in year-end fund balance. Both of these funds had sufficient fund balance to support the excess of expenditures and other financing uses exceeding revenues and other financing sources in the current year. The Port Authority Special Revenue Fund equity balance decreased by $1,385,875, due to a fund balance transfer of unobligated resources to the new TIF Spending Plan Fund. The American Rescue Plan Act Fund balance decreased by $201 in 2022, its Coronavirus State and Local Fiscal Recovery Funds in the current year. -11- Qbhf!49!pg!623 Proprietary Funds Td in the government-wide financial statements, but in more detail. Unrestricted net position in the respective proprietary funds includes: $20,731,096 for water, $10,258,170 for sewer, $12,154,166 for storm water, $121,756 for street lighting, and $460,633 for arena. Water net position increased $6,876,152, sewer net position increased $3,843,735, storm water net position increased $7,817,315, and street lighting net position increased $28,670, while arena net position decreased by $60,392 during the year. The ongoing development in the City continues to contribute to the increase in net position, with significant capital contributions in the enterprise operations in the current year. GENERAL FUND BUDGETARY HIGHLIGHTS The City adopted a balanced budget in the current year, with revenues and other financing sources matching expenditures and other financing uses. There were no changes between the original and final budget. Actual revenues were $2,925,840 over budget. Revenue variances from final budget to actual include: !Taxes were under budget by $90,962, due to abatements and timing of collections. !Intergovernmental revenues were $2,843,226 over budget, due to spending of Coronavirus State and Local Fiscal Recovery Funds allocation that was not included in the 2022 budget. !Public charges for services were $722,912 over budget, due to more development activity than anticipated. !Licenses and permits were $393,755 over budget, also due to the significant development ongoing in the City in the current year. !Investment earnings were $1,051,501 less than projected, due to current year market adjustments on investments. Expenditures were $397,686 more than the budgeted amount. The largest variance was in public works for government building maintenance, street maintenance, and park maintenance. ! -12- Qbhf!4:!pg!623 CAPITAL ASSETS AND LONG-TERM DEBT Capital Assets The Citys investment in capital assets for its governmental and business-type activities as of December 31, 2022, amounts to $216,599,968 (net of accumulated depreciation/amortization). This investment in capital assets includes land, buildings and structures, machinery and equipment, leased machinery and equipment, water, sewer, and storm water systems, infrastructure, and construction in progress. City of Rosemounts Capital Assets Governmental ActivitiesBusiness-Type ActivitiesTotal 202220212022202120222021 Capital assets, not depreciated/amortized Land$ 8,081,546$ 7,910,446$ 4,469,256$ 4,161,879$ 12,550,802$ 12,072,325 Land improvements 5,546,940 4,805,364 5,546,940 4,805,364 Construction in progress 7,744,181 16,619,885 2,163,679 9,907,860 16,619,885 Subtotal 21,372,667 29,335,695 6,632,935 4,161,879 28,005,602 33,497,574 Capital assets, depreciated/amortized Land improvements 5,549,348 5,080,137 5,549,348 5,080,137 Buildings 18,464,075 18,455,360 12,677,353 12,451,756 31,141,428 30,907,116 Machinery and equipment 16,680,958 15,822,393 5,082,447 4,797,795 21,763,405 20,620,188 Leased machinery and equipment 731,721 60,664 792,385 Infrastructure 74,592,798 69,561,976 164,356,154 151,882,205 238,948,952 221,444,181 Accumulated depreciation/amortization (36,650,396) (35,638,608) (72,950,756) (70,224,104) (109,601,152) (105,862,712) Subtotal 79,368,504 73,281,258 109,225,862 98,907,652 188,594,366 172,188,910 Total (net of depreciation/amortization)$ 100,741,171$ 102,616,953$ 115,858,797$ 103,069,531$ 216,599,968$ 205,686,484 Consistent with the ongoing and active development activities occurring in the City as previously discussed, capital assets increased largely with contributions from developers and ongoing projects as approved and managed by the City. Additional information on the Citys capital assets can be found in Note 5 of the notes to basic financial statements. -13- Qbhf!51!pg!623 Long-Term Debt At the end of the current fiscal year, the City had total bonded debt outstanding (excluding unamortized bond premium) of $5,885,000 (including debt recorded in the Port Authority). Of this amount, $850,000 was for general obligation improvement debt, which has financed special assessment construction as part of the continuing development within the City. An additional $3,880,000 was general obligation debt issued by the Port Authority, which financed the Citys economic development and redevelopment programs. Another $660,000 was general obligation revenue bond debt issued to add to and improve the water utility system within the City. The remaining $495,000 was general obligation refunding debt (for Fire Station 2). City of s Outstanding Debt Governmental ActivitiesBusiness-Type ActivitiesTotal 202220212022202120222021 G.O. improvement bonds$ 850,000$ 1,320,000$ $ $ 850,000$ 1,320,000 Capital improvement bonds 495,000 645,000 495,000 645,000 Port Authority tax increment bonds 3,880,000 4,195,000 3,880,000 4,195,000 G.O. utility revenue bonds 660,000 815,000 660,000 815,000 Unamortized bond premium 111,385 139,250 32,917 41,147 144,302 180,397 Compensated absences 1,408,391 1,371,016 251,845 222,012 1,660,236 1,593,028 Lease obligations 531,790 1,380,029 40,994 60,664 572,784 1,440,693 Financed purchase 697,639 697,639 15,229,213 4,265,336 1,526,643 817,875 16,755,856 5,083,211 Total OPEB obligation 782,022 725,599 136,168 129,959 918,190 855,558 Total bonds outstanding$ 23,985,440$ 14,041,230$ 2,648,567$ 2,086,657$ 26,634,007$ 16,127,887 The net pension liability increased allocation of pension obligations for the Public Employees Retirement Association state-wide pension plans. 090,000 (approximately 15.6 percent) during the current year. Cities in Minnesota may issue general obligation debt up to a maximum of 3.0 percent of the total estimated market value of property within the City, per state statutes. The current debt limit for the City is $102,400,5485,885,000 in outstanding general obligation debt at the current fiscal year-end, $495,000 is subject to the restrictions placed by state statutes. The City received an S&P Global Ratings bond rating of AA+ for bonds issued in 2018, and no new bonds were issued in 2022. This rating amounts to a rating upgrade from its Aa2 Moodys rating for previously issued debt. These excellent ratings have had a positive effect on the sale of the Citys bonds. 6 of the notes to basic financial statements. -14- Qbhf!52!pg!623 !Dramatic increases in local government aids and other state sources are not anticipated based on legislation at the time of writing this report. !Property tax collection rates are expected to remain strong, at or near the 2022 level. !The City is anticipating the continued trend of significant development. REQUESTS FOR INFORMATION This ACFR is designed to provide a general overview of the Citys finances for all those with an interest in the governments finances. Questions concerning any of the information provided in this ACFR, or requests for additional financial information, should be directed to the Finance Director, City of Rosemount, 2875 145th Street West, Rosemount, Minnesota 55068-4997. -15- Qbhf!53!pg!623 BASIC FINANCIAL STATEMENTS Qbhf!54!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!55!pg!623 CITY OF ROSEMOUNT Statement of Net Position as of December 31, 2022 GovernmentalBusiness-Type ActivitiesActivitiesTotal Assets Cash and investments $ 41,723,988$ 43,080,585$ 84,804,573 Receivables Accounts 478,749 1,696,781 2,175,530 Interest 62,154 78,564 140,718 Taxes 791,423 791,423 Special assessments 1,323,445 368,104 1,691,549 Due from other governments 834,705 6,271 840,976 Leases 941,637 941,637 Prepaid items 544,409 235,778 780,187 2,801,684 2,801,684 Capital assets Not depreciated/amortized 21,372,667 6,632,935 28,005,602 Depreciated, net of accumulated depreciation/amortization 79,368,504 109,225,862 188,594,366 Total capital assets, net of accumulated depreciation/amortization 100,741,171 115,858,797 216,599,968 149,301,728 162,266,517 311,568,245 Total assets Deferred outflows of resources 9,086,814 477,906 9,564,720 97,656 97,656 OPEB plan deferments 29,947 5,215 35,162 9,214,417 483,121 9,697,538 Total deferred outflows of resources Total assets and deferred outflows of resources$ 158,516,145$ 162,749,638$ 321,265,783 Liabilities Accounts and contracts payable$ 2,128,318$ 1,247,048$ 3,375,366 Accrued salaries and employee benefits payable 170,610 70,333 240,943 Accrued interest payable 69,067 7,809 76,876 Deposits payable 2,123,015 1,393 2,124,408 Unearned revenue 632,213 632,213 Long-term liabilities Due within one year 1,984,211 297,076 2,281,287 Due in more than one year 5,989,994 688,680 6,678,674 15,229,213 1,526,643 16,755,856 782,022 136,168 918,190 Total long-term liabilities 23,985,440 2,648,567 26,634,007 Total liabilities 29,108,663 3,975,150 33,083,813 Deferred inflows of resources Lease revenue for subsequent years 941,637 941,637 182,911 24,608 207,519 948,219 948,219 Total deferred inflows of resources 1,131,130 966,245 2,097,375 Net position Net investment in capital assets 92,676,025 114,082,422 206,758,447 Restricted for Debt service 1,854,244 1,854,244 TIF requirements 2,839,136 2,839,136 PEG fees 129,290 129,290 Forfeiture spending 82,612 82,612 State-funded street projects 798,267 798,267 Fire relief pensions 1,951,121 1,951,121 Unrestricted 27,945,657 43,725,821 71,671,478 Total net position 128,276,352 157,808,243 286,084,595 Total liabilities, deferred inflows of resources, and net position$ 158,516,145$ 162,749,638$ 321,265,783 -16- See notes to basic financial statements Qbhf!56!pg!623 CITY OF ROSEMOUNT Statement of Activities Year Ended December 31, 2022 Program Revenues OperatingCapital Charges forGrants andGrants and Functions/ProgramsExpensesServicesContributionsContributions Primary government Governmental activities General government$ 2,971,915 $ 5,094,283 $ 5,629 $ Public safety 7,327,325 169,726 792,616 Public works 10,471,901 243,398 367,217 8,271,736 Culture, education, and recreation 2,786,447 1,847,556 48,709 15,000 Conservation and economic development 1,521,954 155,122 1,500 Interest and fiscal charges 195,474 Total governmental activities 25,275,016 7,354,963 1,369,293 8,288,236 Business-type activities Water 2,370,105 5,859,588 11,489 1,389,535 Sewer 3,430,121 3,631,564 1,990 3,818,076 Storm water 1,680,565 3,693,256 34,612 1,822,082 Street lighting 258,002 277,200 7,492 Arena 669,074 468,363 827 Total business-type activities 8,407,867 13,929,971 48,918 7,037,185 Total primary government$ 33,682,883$ 21,284,934$ 1,418,211$ 15,325,421 General revenues Property taxes Tax increments Franchise and other taxes Grants and contributions not restricted to specific programs Investment earnings (charges) Other Transfers Total general revenues and transfers Change in net position See notes to basic financial statements-17- Qbhf!57!pg!623 Net (Expense) Revenue and Changes in Net Position GovernmentalBusiness-Type ActivitiesActivitiesTotal $ 2,127,997$ $ 2,127,997 (6,364,983) (6,364,983) (1,589,550) (1,589,550) (875,182) (875,182) (1,365,332) (1,365,332) (195,474) (195,474) (8,262,524) (8,262,524) 4,890,507 4,890,507 4,021,509 4,021,509 3,869,385 3,869,385 26,690 26,690 (199,884) (199,884) 12,608,207 12,608,207 (8,262,524) 12,608,207 4,345,683 13,997,859 13,997,859 1,138,526 1,138,526 407,325 407,325 2,756,805 2,756,805 (1,104,124) (1,511,356) (2,615,480) 90,371 90,371 (7,408,629) 7,408,629 9,878,133 5,897,273 15,775,406 1,615,609 18,505,480 20,121,089 126,660,743 139,302,763 265,963,506 $ 128,276,352$ 157,808,243$ 286,084,595 -18- Qbhf!58!pg!623 CITY OF ROSEMOUNT Balance Sheet Governmental Funds as of December 31, 2022 Capital GeneralProjectsDebt Service Assets Cash and investments$ 13,046,199$ 22,970,266$ 1,508,601 Receivables Accounts 54,865417,855 Interest26,30926,0074,173 Taxes787,378 Special assessments27,6901,281,25514,500 Due from other governments36,438798,267 Prepaid items 44,016 Total assets$ 14,022,895$ 25,493,650$ 1,527,274 Liabilities Accounts and contracts payable$ 582,886$ 1,499,332$ 1,772 Accrued salaries and employee benefits payable169,301 Deposits payable799,6751,315,540 Unearned revenue 45,493586,720 Total liabilities 1,597,355 3,401,592 1,772 Deferred inflows of resources 74,589 25,9501,278,74814,500 798,267 Total deferred inflows of resources 100,539 2,077,015 14,500 Fund balances Nonspendable 44,016 Restricted 1,511,002 Committed Assigned3,465,566 20,015,043 Unassigned 8,815,419 Total fund balances 12,325,001 20,015,043 1,511,002 Total liabilities, deferred inflows of resources, and fund balances$ 14,022,895$ 25,493,650$ 1,527,274 See notes to basic financial statements-19- Qbhf!59!pg!623 PortPortAmerican AuthorityAuthorityRescue Debt ServiceSpecial RevenuePlan ActNonmajorTotal $ 396,074$ 111,389$ $ 3,682,798$ 41,715,327 6,029 478,749 2,621 3,044 62,154 4,045 791,423 1,323,445 834,705 4,001 48,017 $ 398,695$ 115,434$ $ 3,695,872$ 45,253,820 $ 886$ 333$ $ 13,643$ 2,098,852 1,309 170,610 7,800 2,123,015 632,213 886 333 22,752 5,024,690 74,589 1,319,198 798,267 2,192,054 4,001 48,017 397,809 115,101 2,935,937 4,959,849 733,182 733,182 23,480,609 8,815,419 397,809 115,101 3,673,120 38,037,076 $ 398,695$ 115,434$ $ 3,695,872$ 45,253,820 -20- Qbhf!5:!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!61!pg!623 CITY OF ROSEMOUNT Reconciliation of the Balance Sheet to the Statement of Net Position Governmental Funds as of December 31, 2022 $ 38,037,076 Amounts reported for governmental activities in the Statement of Net Position are different because: Capitalassetsusedingovernmentalactivitiesarenotfinancialresourcesand,therefore,arenot reported in governmental funds. Cost of capital assets 137,391,567 Less accumulated depreciation/amortization (36,650,396) Netpensionassetsareonlyrecordedinthegovernment-widefinancialstatementsastheyarenot current financial resources to governmental funds. 2,801,684 Long-termliabilitiesarenotpayablewithcurrentfinancialresourcesand,therefore,arenotreported in governmental funds. Bonds payable (5,225,000) Unamortized bond premium (111,385) Compensated absences (1,408,391) Lease obligations (531,790) Financed purchase (697,639) (15,229,213) Total OPEB liability (782,022) Interestonlong-termdebtisincludedinthechangeinnetpositionasitaccrues,regardlessofwhen payment is due. However, it is included in the change in fund balances when due. (69,067) Theinternalservicefundisusedbymanagementtochargecertaincoststoindividualfunds.The assetsandliabilitiesoftheinternalservicefundareincludedingovernmentalactivitiesinthe Statement of Net Position. 475,587 Duetoavailability,certainrevenuesarenotrecognizedunderthegovernmentalfundstatementsuntil received;however,underfullaccrualinthegovernment-wideStatementofActivities,revenuesare recorded when earned regardless of when received. 74,589 1,319,198 798,267 Governmentalfundsdonotreportcertainlong-termamountsrelatedtopensionsthatareincludedin net position. 9,184,470 29,947 (1,131,130) $ 128,276,352 See notes to basic financial statements-21- Qbhf!62!pg!623 CITY OF ROSEMOUNT Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds Year Ended December 31, 2022 Capital GeneralProjectsDebt Service Revenues Taxes$ 11,827,238$ 1,741,073$ 183,172 Intergovernmental3,576,726 2,901,027 Public charges for services2,179,6123,620,367 Licenses and permits1,380,855 Fines and forfeits97,024 Special assessments3,0981,173,2238,017 Investment earnings (charges)(867,501)(370,486)23,141 Other172,6632,900,588 Donations/contributions1,1256,360 Total revenues 18,370,840 11,972,152 214,330 Expenditures Current General government2,266,3467,500 Public safety5,998,337 Public works4,240,019 Culture, education, and recreation2,044,206 Conservation and economic development 1,167,278 Capital outlay 11,172,883 Debt service Principal 326,775620,000 Interest and fiscal charges 47,03659,560 Total expenditures 15,716,186 11,554,194 679,560 Excess (deficiency) of revenues over expenditures 2,654,654 417,958 (465,230) Other financing sources (uses) Issuance of debt 176,175 Sale of capital assets 73,014 Transfers in59,2473,195,85768,000 Transfers out(3,092,969) (28,816) Total other financing sources (uses) (3,033,722) 3,416,230 68,000 Net change in fund balances (379,068) 3,834,188 (397,230) Fund balances Beginning of year12,704,06916,180,8551,908,232 End of year$ 12,325,001$ 20,015,043$ 1,511,002 See notes to basic financial statements-22- Qbhf!63!pg!623 PortPortAmerican AuthorityAuthorityRescue Debt ServiceSpecial RevenuePlan ActNonmajorTotal $ $ 1,138,526$ $ 196,563$ 15,086,572 180,221 6,657,974 184,807 5,984,786 1,380,855 97,024 1,184,338 19,08524,191 43,842 20,449 (1,107,279) 3,488 3,076,739 57,317 64,802 19,085 1,162,717 43,842 642,845 32,425,811 148,592 2,422,438 208,666 6,207,003 4,240,019 10,346 2,054,552 270,116 1,437,394 11,172,883 315,000 1,261,775 132,311 238,907 447,311 148,592 489,128 29,034,971 (428,226) 1,014,125 43,842 153,717 3,390,840 176,175 73,014 300,000 2,782,969 6,406,073 (620,000)(2,400,000)(44,043) (11,704) (6,197,532) (320,000) (2,400,000) (44,043) 2,771,265 457,730 (748,226) (1,385,875) (201) 2,924,982 3,848,570 1,146,0351,500,976201 748,138 34,188,506 $ 397,809$ 115,101$ $ 3,673,120$ 38,037,076 -23- Qbhf!64!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!65!pg!623 CITY OF ROSEMOUNT Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities Governmental Funds Year Ended December 31, 2022 $ 3,848,570 Amounts reported for governmental activities in the Statement of Activities are different because: Governmentalfundsreportcapitaloutlaysasexpenditures.However,intheStatementofActivities,thecostofthose assets is allocated over their estimated useful lives and reported as depreciation expense. Capital outlay and improvements 10,717,155 Depreciation/amortization expense (2,982,699) Capital assets constructed by governmental activities contributed to business-type activities (7,717,170) Againorlossonthedisposalofcapitalassets,includingthedifferencebetweenthecarryingvalueandanyrelated saleproceeds,isincludedinthechangeinnetposition.However,onlythesaleproceedsareincludedinthechange in fund balance. Net book value of capital assets disposed (1,893,068) Netpensionassetsareincludedinnetposition,butareexcludedfromfundbalancesbecausetheydonotrepresent financial resources. 455,284 Theissuanceoflong-termdebtprovidescurrentfinancialresourcestogovernmentalfunds,whiletherepaymentof long-termdebtconsumesthecurrentfinancialresourcesofgovernmentalfunds.Neithertransaction,however,has anyeffectonnetposition.Otherlong-termadjustmentsarealsomadebetweenthegovernmentalfundsandthe Statement of Activities for debt premiums, compensated absences, pension liabilities, and OPEB obligations. Issuance of debt (176,175) Principal payments for debt 1,261,775 Debt premiums 27,865 Compensated absences (37,375) Net pension liability (10,963,877) Total OPEB liability (56,423) Interestonlong-termdebtintheStatementofActivitiesdiffersfromtheamountreportedinthegovernmentalfunds becauseinterestisrecognizedasanexpenditureinthefundswhenitisdue,andthusrequirestheuseofcurrent financialresources.IntheStatementofActivities,however,interestexpenseisrecognizedastheinterestaccrues, regardless of when it is due. 15,568 Theinternalservicefundisusedbymanagementtochargecertaincoststoindividualfunds.Thenetchangeofthe internal service fund is reported with governmental activities in the government-wide financial statements. 30,863 Certainrevenuesincludedinnetpositionassoonastheyareearnedarenotincludedinthechangeinfundbalances until available to liquidate liabilities of the current period. Property taxes receivable 7,138 Special assessments receivable (62,729) Long-term receivables (808,028) Governmentalfundsdonotreportadditionsordeletionstocertainlong-termamountsrelatedtopensionsthatare included in the change in net position. 3,628,768 (19,684) 6,339,851 $ 1,615,609 -24- See notes to basic financial statements Qbhf!66!pg!623 CITY OF ROSEMOUNT Statement of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual General Fund Year Ended December 31, 2022 Budgeted AmountsOver (Under) OriginalFinalActual Final Budget Revenues Taxes General property tax$ 9,986,584$ 9,986,584$ 9,975,714$ (10,870) Fiscal disparities 1,494,616 1,494,616 1,458,822 (35,794) Other 437,000 437,000 392,702 (44,298) Total taxes 11,918,200 11,918,200 11,827,238 (90,962) Intergovernmental Federal grants 2,756,805 2,756,805 225,000225,000305,356 80,356 80,00080,00034,654 (45,346) 320,000320,000358,969 38,969 Other108,500108,500120,942 12,442 Total intergovernmental 733,500 733,500 3,576,726 2,843,226 Public charges for services General government981,700981,7001,469,438 487,738 Public safety46,10046,10072,702 26,602 Highways and streets122,000122,000225,334 103,334 Culture, education, and recreation299,400299,400402,407 103,007 Sewer availability charge7,5007,5009,731 2,231 Total public charges for services 1,456,700 1,456,700 2,179,612 722,912 Licenses and permits Business61,00061,00078,101 17,101 Nonbusiness926,100926,1001,302,754 376,654 Total licenses and permits 987,100 987,100 1,380,855 393,755 Fines and forfeitures95,00095,00097,024 2,024 Special assessments 3,098 3,098 Investment earnings (charges)184,000184,000(867,501) (1,051,501) Other70,50070,500172,663 102,163 Donations/contribution 1,125 1,125 Total revenues 15,445,000 15,445,000 18,370,840 2,925,840 See notes to basic financial statements-25-(continued) Qbhf!67!pg!623 CITY OF ROSEMOUNT Statement of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (continued) General Fund Year Ended December 31, 2022 Budgeted AmountsOver (Under) OriginalFinalActual Final Budget Expenditures Current General government Mayor and council 347,100 347,100 282,790 (64,310) Executive 867,600 867,600 846,841 (20,759) Elections 45,000 45,000 30,969 (14,031) Finance 749,400 749,400 696,518 (52,882) Other general government 361,200 361,200 409,228 48,028 Total general government 2,370,300 2,370,300 2,266,346 (103,954) Public safety Police department 5,393,300 5,393,300 5,393,170 (130) Fire department 531,300 531,300 605,167 73,867 Total public safety 5,924,600 5,924,600 5,998,337 73,737 Public works Government building maintenance 619,400 619,400 736,651 117,251 Fleet maintenance 778,200 778,200 748,497 (29,703) Street maintenance 1,534,000 1,534,000 1,643,877 109,877 Park maintenance 983,400 983,400 1,110,994 127,594 Total public works 3,915,000 3,915,000 4,240,019 325,019 Culture, education, and recreation 1,872,700 1,872,700 2,044,206 171,506 Conservation and economic development 1,235,900 1,235,900 1,167,278 (68,622) Total expenditures 15,318,500 15,318,500 15,716,186 397,686 Excess of revenues over expenditures 126,500 126,500 2,654,654 2,528,154 Other financing sources (uses) Transfers in3,5003,50059,247 55,747 Transfers out(130,000)(130,000)(3,092,969) (2,962,969) Total other financing sources (uses)(126,500)(126,500)(3,033,722) (2,907,222) Net change in fund balances$ $ (379,068)$ (379,068) Fund balances Beginning of year12,704,069 End of year$ 12,325,001 See notes to basic financial statements-26- Qbhf!68!pg!623 CITY OF ROSEMOUNT Statement of Net Position Proprietary Funds as of December 31, 2022 Storm WaterSewerWater Assets Current assets Cash and investments$ 20,457,092$ 9,844,569$ 12,112,036 Receivables Accounts651,033619,465322,939 Interest41,08015,52819,448 Special assessments144,87795,848119,797 Due from other governments6,271 Leases941,637 Prepaid items29,379169,71222,337 Total current assets 22,271,369 10,745,122 12,596,557 Noncurrent assets Capital assets Land 1,008,629547,1592,913,468 Construction in progress 2,027,636136,043 Buildings 7,830,238588,5001,805,415 Machinery and equipment2,483,648997,2951,413,877 Leased vehicles25,23617,71417,714 Mains and lines30,930,75425,857,12941,079,606 Other improvements17,026,07736,927,45912,535,129 Less accumulated depreciation/amortization (20,825,304) (35,548,039) (15,111,281) Total capital assets (net of accumulated depreciation/amortization) 38,479,278 31,414,853 44,789,971 Total assets 60,750,647 42,159,975 57,386,528 Deferred outflows of resources 142,254142,254134,299 OPEB plan deferments1,5331,5371,445 Total deferred outflows of resources 143,787 143,791 135,744 Total assets and deferred outflows of resources$ 60,894,434$ 42,303,766$ 57,522,272 Liabilities Current liabilities Accounts and contracts payable$ 110,431$ 1,086,577$ 29,015 Accrued salaries and employee benefits payable47,8648,8268,239 Accrued interest payable7,809 Deposits payable 1,393 35,778 35,778 32,266 6,650 4,770 4,770 160,000 Total current liabilities 368,532 1,137,344 74,290 Noncurrent liabilities Compensated absences payable38,76038,76034,953 Lease obligations8,2688,2688,268 Bonds payable (net of unamortized premiums)532,917 454,423454,423429,009 Total OPEB liability40,03340,12537,738 Total noncurrent liabilities 1,074,401 541,576 509,968 Total liabilities 1,442,933 1,678,920 584,258 Deferred inflows of resources Lease revenues for subsequent years941,637 7,3257,3256,915 Total deferred inflows of resources948,9627,3256,915 Net position Net investment in capital assets 37,771,443 30,359,351 44,776,933 Unrestricted 20,731,096 10,258,170 12,154,166 Total net position 58,502,539 40,617,521 56,931,099 Total liabilities, deferred inflows of resources, and net position$ 60,894,434$ 42,303,766$ 57,522,272 -27- See notes to basic financial statements Qbhf!69!pg!623 Governmental NonmajorInternal FundsTotalService Fund $ 666,888$ 43,080,585$ 8,661 103,344 1,696,781 2,508 78,564 7,582 368,104 6,271 941,637 14,350 235,778496,392 794,672 46,407,720 505,053 4,469,256 2,163,679 2,453,200 12,677,353 187,627 5,082,447 60,664 97,867,489 66,488,665 (1,466,132) (72,950,756) 1,174,695 115,858,797 1,969,367 162,266,517 505,053 59,099 477,906 700 5,215 59,799 483,121 $ 2,029,166$ 162,749,638$ 505,053 $ 21,025$ 1,247,048$ 29,466 5,404 70,333 7,809 1,393 17,064 120,886 16,190 160,000 43,493 1,623,659 29,466 18,486 130,959 24,804 532,917 188,788 1,526,643 18,272 136,168 225,546 2,351,491 269,039 3,975,150 29,466 941,637 3,043 24,608 3,043966,245 1,174,695 114,082,422 582,389 43,725,821 475,587 1,757,084 157,808,243 475,587 $ 2,029,166$ 162,749,638$ 505,053 -28- Qbhf!6:!pg!623 CITY OF ROSEMOUNT Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds Year Ended December 31, 2022 Storm WaterSewerWater Operating revenue Charges for services$ 2,974,169$ 2,754,651$ 1,540,217 Surcharges and penalties360,43120,95811,533 Water meters119,868 Other8,282176,49826,107 Total operating revenue 3,462,750 2,952,107 1,577,857 Operating expenses Personal services616,476617,500571,873 Supplies210,35238,0816,404 Professional services and charges130,44915,72615,809 Other services and charges489,391228,457217,295 Metro sewer charges 1,546,939 Depreciation/amortization 900,754 978,568 864,334 Total operating expenses 2,347,422 3,425,271 1,675,715 Operating income (loss) 1,115,328 (473,164) (97,858) Nonoperating revenues (expenses) Connection fees2,396,838679,4572,115,399 Taxes Intergovernmental11,489 1,990 34,612 Investment earnings (charges)(771,873)(269,963)(484,492) Gain (loss) on sale of capital assets (9,110)(4,410)(4,410) Interest and fiscal charges(13,573)(440)(440) Total nonoperating revenues (expenses) 1,613,771 406,634 1,660,669 Income (loss) before contributions and transfers 2,729,099 (66,530) 1,562,811 Capital contributions, including special assessments4,337,2353,887,0966,522,532 Transfers in 84,79828,816 Transfers out(190,182)(61,629)(296,844) Change in net position 6,876,152 3,843,735 7,817,315 Net position Beginning of year51,626,38736,773,78649,113,784 End of year$ 58,502,539$ 40,617,521$ 56,931,099 See notes to basic financial statements-29- Qbhf!71!pg!623 Governmental NonmajorInternal FundsTotalService Fund $ 743,889$ 8,012,926$ 1,674 394,596 119,868 210,887 745,563 8,738,277 286,010 2,091,859 21,835 276,6722,500 63,988 225,97224,632 486,358 1,421,501495,160 1,546,939 62,337 2,805,993 920,528 8,368,936 522,292 (174,965) 369,341 (522,292) 5,191,694 450,000 827 48,918 14,972 (1,511,356)3,155 (6,548) (24,478) (14,453) 9,251 3,690,325 453,155 (165,714) 4,059,666 (69,137) 7,492 14,754,355 130,000 243,614100,000 (3,500) (552,155) (31,722) 18,505,480 30,863 1,788,806 139,302,763444,724 $ 1,757,084$ 157,808,243$ 475,587 -30- Qbhf!72!pg!623 CITY OF ROSEMOUNT Statement of Cash Flows Proprietary Funds Year Ended December 31, 2022 Storm WaterSewerWater Cash flows from operating activities Cash received from customers$ 3,338,433$ 2,901,213$ 1,521,639 Cash payments to suppliers (815,427) (1,819,985) (258,946) Cash payments to employees for services (560,711) (562,827) (532,156) Net cash flows from operating activities 1,962,295 518,401 730,537 Cash flows from noncapital financing activities Taxes Intergovernmental revenue 11,489 1,990 34,612 Transfers in 84,798 28,816 Transfers out (190,182) (61,629) (296,844) Net cash flows from noncapital financing activities (178,693) 25,159 (233,416) Cash flows from capital and related financing activities Acquisition and construction of capital assets (50,196) (1,055,150) (380,939) Capital contributions 96,179 1,496,394 63,302 2,396,838 679,457 2,115,399 Principal payment on bonds (155,000) Principal payment on leases (10,318) (4,676) (4,676) Interest and fiscal charges paid (23,563) (440) (440) Net cash flows from capital and related financing activities 2,253,940 1,115,585 1,792,646 Cash flows from investing activities Interest and changes in fair value on investments (791,881) (279,208) (495,741) Net increase (decrease) in cash and cash equivalents 3,245,661 1,379,937 1,794,026 Cash and cash equivalents Beginning of year 17,211,431 8,464,632 10,318,010 End of year$ 20,457,092$ 9,844,569$ 12,112,036 Reconciliation of operating income (loss) to net cash flows from operating activities Operating income (loss)$ 1,115,328$ (473,164)$ (97,858) Adjustments to reconcile operating income (loss) to net cash flows from operating activities Depreciation/amortization 900,754 978,568 864,334 Change in assets, deferred outflows of resources, liabilities, and deferred inflows of resources Accounts and special assessments receivable (118,046) (50,894) (56,218) Due from other governments (6,271) Prepaid items (15,651) (27,072) (8,971) Accounts and contracts payable 30,416 34,897 (10,467) Accrued salaries and employee benefits payable 1,553 373 122 Deposits payable 1,393 Compensated absences payable 10,113 10,113 5,660 Pension-related deferrals and liabilities 40,988 40,988 31,834 OPEB-related deferrals and liabilities 3,111 3,199 2,101 Total adjustments 846,967 991,565 828,395 Net cash flows from operating activities$ 1,962,295$ 518,401$ 730,537 Schedule of noncash capital and related financing activities Amortization of bond premium$ 8,230$ $ Capital assets purchased on account$ $ (1,042,464)$ Capital assets contributed by other funds$ 2,947,700$ 69,020$ 4,700,450 Capital assets contributed by developers$ 1,293,356$ 2,321,682$ 1,758,780 -31- See notes to basic financial statements Qbhf!73!pg!623 Governmental NonmajorInternal FundsTotalService Fund $ 764,283$ 8,525,568$ (576,375) (3,470,733) (777,114) (266,036) (1,921,730) (78,128) 3,133,105 (777,114) 450,000 827 48,918 130,000 243,614 100,000 (3,500) (552,155) 127,327 (259,623) 550,000 (1,486,285) 7,492 1,663,367 5,191,694 (155,000) (19,670) (24,443) 7,492 5,169,663 12,464 (1,554,366) 3,155 69,155 6,488,779 (223,959) 597,733 36,591,806 232,620 $ 666,888$ 43,080,585$ 8,661 $ (174,965)$ 369,341$ (522,292) 62,337 2,805,993 18,720 (206,438) (6,271) (7,859) (59,553) (250,350) 3,665 58,511 (4,472) 1,183 3,231 1,393 3,947 29,833 13,372 127,182 1,472 9,883 96,837 2,763,764 (254,822) $ (78,128) $ 3,133,105$ (777,114) $ $ 8,230$ $ $ (1,042,464)$ $ $ 7,717,170$ $ $ 5,373,818$ -32- Qbhf!74!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!75!pg!623 CITY OF ROSEMOUNT Notes to Basic Financial Statements December 31, 2022 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. Organization The City of Rosemount, Minnesota (the City) was formed and operates pursuant to applicable Minnesota laws and statutes. The governing body consists of a five-member City Council elected at large by voters of the City. City Council members serve four-year staggered terms and the mayor serves a four-year term coinciding with the terms of two of the Council members. Elections take place every two years. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The Citys more significant accounting policies are described below: B. Reporting Entity This report includes all of the funds of the City. The reporting entity for the City consists of the primary government and its component unit. Component units are legally separate organizations for which the primary government is financially accountable or other organizations for which the nature and significance of their relationship with the primary government are such that their exclusion would cause the reporting entitys financial statements to be misleading. The primary government is financially accountable if: (1) it appoints a voting majority of the organizations governing body and it is able to impose its will on that organization, (2) it appoints a voting majority of the organizations governing body and there is a potential for the organization to provide specific financial benefits to, or impose specific financial burdens on, the primary government, (3) the organization is fiscally dependent on and there is a potential for the organization to provide specific financial benefits to, or impose specific financial burdens on, the primary government. Certain legally separate, tax exempt organizations should also be reported as a component unit if all of the following criteria are met: (1) the economic resources received or held by the separate organization are entirely or almost entirely for the direct benefit of the primary government, its component units, or its constituents; (2) the primary government or its component units, is entitled to, or has the ability to access, a majority of the economic resources received or held by the separate organization; and (3) the economic resources received or held by an individual organization that the primary government, or its component units, is entitled to, or has the ability to otherwise access, are significant to the primary government. Component units are reported using one of three methods, discrete presentation, blending or fiduciary. Generally, component units should be discretely presented in a separate column in the financial statements. A component unit should be reported as part of the primary government using the blending method if it meets any one of the following criteria: (1) the primary government and the component unit have substantially the same governing body and a financial benefit or burden relationship exists, (2) the primary government and the component unit have substantially the same governing body and management of the primary government has operational responsibility for the component unit, (3) the component unit serves or benefits, exclusively or almost exclusively, the primary government rather than its citizens, or (4) the total debt of the component unit will be paid entirely or almost entirely from resources of the primary government. The financial statements include the Rosemount Port Authority (the Port Authority) as a blended component unit. The Port Authority serves all the citizens of the government and is governed by a board comprised of three of five of the primary governments elected council and four citizens appointed at large. The bond issuance authorizations are approved by the primary governments council and the legal liability for the general obligation portion of the Port Authoritys debt remains with the primary government. The Port Authority is reported in a special revenue fund and debt service fund. The Port Authority does not issue separate financial statements. -33- Qbhf!76!pg!623 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) C. Government-Wide Financial Statement Presentation The government-wide financial statements (Statement of Net Position and Statement of Activities) display information about the reporting government as a whole. These statements include all of the financial activities of the City. Governmental activities, which are normally supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which significantly rely upon sales, fees, and charges for support. The Statement of Activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other internally directed revenues are reported as general revenues. The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes and special assessments are recognized as revenues in the fiscal year for which they are certified for levy. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met. As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. However, charges between the Citys enterprise funds and other functions are not eliminated, as that would distort the direct costs and program revenues reported in those functions. Depreciation and amortization expense is included in the direct expenses of each function. Interest on long-term debt is considered an indirect expense and is reported separately on the Statement of Activities. D. Fund Financial Statement Presentation Separate fund financial statements are provided for governmental and proprietary funds. Major individual governmental and enterprise funds are reported as separate columns in the fund financial statements. Aggregated information for the remaining nonmajor funds is reported in a single column in the respective fund financial statements. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this basis of accounting, transactions are recorded in the following manner: 1. Revenue Recognition Revenue is recognized when it becomes measurable and available. collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. For this purpose, the City considers revenues to be available if they are collected within 60 days after year-end. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met. Proceeds of long-term debt are reported as other financing sources. Major revenues susceptible to accrual include property taxes, special assessments, intergovernmental revenue, charges for services, and interest earned on investments. Major revenue that is not susceptible to accrual includes licenses and permits, fees, and miscellaneous revenue. Such revenues are recorded only when received because they are not measurable until collected. -34- Qbhf!77!pg!623 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 2. Recording of Expenditures Expenditures are generally recorded when a liability is incurred, except for principal and interest on long-term debt and other long-term liabilities, which are recognized as expenditures to the extent they have matured. Capital asset acquisitions are reported as capital outlay expenditures in the governmental funds. Proprietary fund financial statements are reported using the economic resources measurement focus and accrual basis of accounting, similar to the government-wide financial statements. Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary funds principal ongoing operations. The principal operating revenues of the Citys enterprise funds and internal service fund are charges to customers for sales and services. The operating expenses for the enterprise funds and internal service fund include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses that do not meet this definition are reported as nonoperating revenues and expenses. Aggregated information for the internal service fund is reported in a single column in the proprietary fund financial statements. Because the principal user of the internal services is the Citys governmental activities, the financial statements of the internal service funds are consolidated into the governmental column when presented in the government-wide financial statements. The cost of these services is reported in the appropriate functional activity. Description of Funds The City reports the following major governmental funds: General Fund This is the Citys primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. Capital Projects Fund The Capital Projects Fund is used to account for and report financial resources that are restricted, committed, or assigned to expenditures for capital outlays, including the acquisition or construction of capital facilities and other capital assets. The Capital Projects Fund consists of one primary fund and three separate internal sub-funds maintained by the City. Debt Service Fund This fund accounts for the financial resources accumulated and payments made for principal and interest on long-term debt of the City, other than Port Authority debt service and enterprise fund debt. Port Authority Debt Service Fund This fund is a debt service fund type used to account for and report financial resources that are restricted to expenditures related to the Citys Port Authority. Port Authority Special Revenue Fund This fund is a special revenue fund type used to account for and report financial resources that are restricted, committed, or assigned to expenditures related to the activities of the Citys Port Authority TIF Districts. American Rescue Plan Act Fund The American Rescue Plan Act Fund is a special revenue fund type used to account for the Citys Coronavirus State and Local Fiscal Recovery Funds awarded from the U.S. Department of the Treasury. -35- Qbhf!78!pg!623 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The City reports the following major enterprise funds: Water Fund The Water Fund accounts for operations of the water system. Sewer Fund The Sewer Fund accounts for operations of the sewer system. Storm Water Fund The Storm Water Fund accounts for operations of the storm water drainage system. Additionally, the City reports the following fund type: Internal Service Fund Internal service funds account for the financing of goods and services provided to other departments or agencies of the City on a cost-reimbursement basis. The Citys internal service Insurance Fund accumulates resources to pay deductibles and uninsured claims, and pays for a majority of the general liability insurance and workers compensation insurance premiums for the City. E. Budgets and Budgetary Accounting Annual budgets have been adopted for the General Fund and the capital projects sub-funds by the following sub-funds, Building CIP, Street CIP, and Equipment CIP. The remaining capital project sub-funds adopt project-length budgets and, therefore, are not included in the annual budgeting process. Formal budgetary integration is not employed for debt service funds because effective budgetary control is alternatively achieved through general obligation bond indenture provisions. The budgeted amounts presented include any amendments made. The appropriated budget is prepared by fund, department and function. The legal level of budgetary control is at the department level. The City Council may authorize department heads to transfer budgeted appropriations within departments. Appropriations lapse at year-end unless specifically carried over. For the year ended December 31, 2022, expenditures exceeded budget for the following departments/funds: Final BudgetedActualOver Expenditures Expenditures Budget Fund General Fund Public safety$ 5,924,600$ 5,998,337$ 73,737 Public works 3,915,000 4,240,019 325,019 Culture, education, and recreation 1,872,700 2,044,206 171,506 Capital Projects Fund Building CIP Sub-Fund 527,500 869,704 342,204 Equipment CIP Sub-Fund 1,029,760 1,285,374 255,614 Expenditures in excess of budget were funded by available fund balance and revenues and other financing sources in excess of budget. -36- Qbhf!79!pg!623 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) F. Cash and Investments Cash and investments include balances from all funds that are combined and invested to the extent available in various securities as authorized by state law. Earnings from the pooled investments are allocated to the respective funds based on month-end outstanding balances for each fund. For purposes of the Statement of Cash Flows, the City considers all highly liquid instruments with an original maturity from the time of purchase by the City of three months or less to be cash equivalents. The proprietary funds portion in the government-wide cash and investment management pool is considered cash equivalent. It is the Citys policy to invest in a manner that seeks to ensure preservation of capital in the overall portfolio. Safety of principal is the foremost objective, but liquidity and yield are also important considerations. The objective will be to mitigate credit risk by purchasing only highly rated securities or with adequate collateral and interest rate risk by matching maturities to cash flow needs and holding securities to maturity. The City reports all investments at fair value. The City categorizes its fair value measurements within the fair value hierarchy established by accounting principles generally accepted in the United States of America. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 inputs are significant unobservable inputs. Debt securities classified in Level 2 of the fair value hierarchy are valued using a matrix pricing technique. Matrix pricing is used to value securities based on the securities relationship to benchmark quoted prices. See Note 2 for the Citys recurring fair value measurements as of the current year-end. G. Receivables Utility and miscellaneous accounts receivable are reported at gross. Since the City is generally able to certify delinquent amounts to the county for collection as special assessments; no allowance for uncollectible accounts has been provided on current receivables. All receivables other than leases receivable, property taxes and deferred special assessments are expected to be collected within one year. H. Interfund Receivables and Payables In the fund financial statements, activity between funds that is representative of lending or borrowing residual balances outstanding between the governmental activities and business-type activities are reported in the government- I. Property Taxes Property tax levies are set by the City Council in December of each year and certified to Dakota County for collection in the following year. In Minnesota, counties act as collection agents for all property taxes, spreading the levies over all taxable property. Such taxes become a lien on January 1 and are recorded as receivables by the City on that date. Tax levies on real property are payable in two equal installments on May 15 and October 15. Personal property taxes are due in full on May 15. The county provides tax settlements to cities and other taxing districts four times a year: in June, July, December, and January. -37- Qbhf!7:!pg!623 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Property taxes are recognized as revenue in the year levied in the government-wide financial statements and proprietary fund financial statements. In the governmental fund financial statements, taxes are recognized as revenue when received in cash or within 60 days after year-end. Taxes which remain unpaid on December 31 are classified as delinquent taxes receivable and are offset by a deferred inflow of resources in the governmental fund financial statements. J. Special Assessments Special assessments represent the financing for public improvements paid for by benefiting property owners. Special assessments are recorded as receivables upon certification to the county. Special assessments are recognized as revenue in the year levied in the government-wide financial statements and proprietary fund financial statements. In the governmental fund financial statements, special assessments are recognized as revenue when received in cash or within 60 days after year-end. Governmental fund special assessments receivable, which remain unpaid on December 31, are offset by a deferred inflow of resources in the governmental fund financial statements. At year-end, the City recorded $15,798 of delinquent special assessments receivable. K. Prepaid Items Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements. Prepaid items are reported using the consumption method and recorded as expenditures/expenses at the time of consumption. L. Capital Assets Capital assets, which include property, plant and equipment, are reported in the applicable governmental or business-type activities columns in the government-wide financial statements. Such assets are capitalized at historical cost, or estimated historical cost for assets where actual historical cost is not available. Donated assets are recorded as capital assets at their estimated acquisition value on the date of donation. Leased capital assets are recorded based on the measurement of payments applicable to the lease term. The City defines capital assets as those with an initial, individual cost of $5,000 or more with an estimated useful life in excess of one year. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Capital assets are recorded in the government-wide and proprietary fund financial statements, but are not reported in the governmental fund financial statements. Land, land improvements, and construction in progress are not depreciated. Leased assets are amortized over the term of the lease or over the useful life of the applicable asset class listed below, if future ownership is anticipated. The other classes of capital assets are depreciated using the straight-line method over the following estimated useful lives: Buildings Machinery and equipment Other improvements60 years Utility system65 years Infrastructure -38- Qbhf!81!pg!623 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) M. Deferred Outflows/Inflows of Resources In addition to assets and liabilities, statements of financial position or balance sheets may report separate financial statement elements called deferred outflows or inflows of resources. These separate financial statement elements represent a consumption or acquisition of net assets that applies to a future period and so will not be recognized as an outflow of resources (expense/expenditure) or an inflow of financial resources (revenue) until then. Deferred outflows and inflows of resources related to pension and other post-employment benefits (OPEB) plans are reported in the government-wide and enterprise funds Statement of Net Position. These deferred outflows and inflows result from differences between expected and actual experience, changes in proportion, changes of assumptions, net collective difference between projected and actual earnings on plan investments, and from contributions to the plans subsequent to the measurement date and before the end of the reporting period. These amounts are deferred and amortized as required under applicable pension or OPEB standards. The City reports deferred inflows of resources related to leases receivable in the government-wide and enterprise funds Statement of Net Position, which requires lessors to recognize deferred inflows of resources to correspond to lease receivables. These amounts are deferred and amortized in a systematic and rationale manner over the term of the lease. Unavailable revenue arises only under a modified accrual basis of accounting and, therefore, is only reported in the governmental funds Balance Sheet. The governmental funds report unavailable revenue from the following sources: property taxes, special assessments, and long-term receivables. These amounts are deferred and recognized as inflows of resources in the period that the amounts become available. N. Long-Term Obligations In the government-wide and proprietary fund financial statements, long-term debt and other long-term obligations are reported as liabilities. Bond premiums and discounts, if material, are deferred and amortized over the life of the bonds using the straight-line method. Bond issuance costs are expensed in the period incurred. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources, while discounts on debt issuances are reported as other financing uses. O. State-Wide Pension Plans For purposes of measuring the net pension liability, deferred outflows/inflows of resources, and pension expense, information about the fiduciary net position of the Public Employees Retirement Association (PERA) and additions to/deductions from the PERAs fiduciary net position have been determined on the same basis as they are reported by the PERA. For this purpose, plan contributions are recognized as of employer payroll paid dates and benefit payments, and refunds are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. -39- Qbhf!82!pg!623 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) P. Compensated Absences Under terms of employment, employees are granted vacation, sick and comp time benefits in varying amounts. These benefits are based upon union contracts and city actions as applicable. Amounts carried forward for vacation and comp time accruals are governed by these contracts and actions. Sick pay accruals may be carried forward indefinitely. Amounts included in the accrual for sick pay is the portion estimated to be paid as a termination benefit. All vested vacation, sick leave and comp time pay is accrued when incurred in the government-wide and proprietary fund financial statements. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements, and are payable with expendable available resources. Payments for vacation, sick and comp time leave will be made at rates in effect when the benefits are used. Accumulated vacation, sick and comp time leave liabilities at year-end are determined on the basis of current salary rates and include salary related payments. Q. Risk Management The City is exposed to various risks of loss related to torts: theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The City continues to carry commercial insurance for risks of loss, including workers compensation, property and general liability, and employee health and accident insurance. The City retains risk for the deductible portions of the insurance policies. The amount of these deductibles is considered immaterial to the financial statements. There were no significant reductions in insurance from the previous year or settlements in excess of insurance coverage for any of the past three fiscal years. The City has established an internal service fund (Insurance Fund) to account for and finance uninsured risks of loss related to torts, theft of, damage to and destruction of assets, including deductibles. The majority of the Citys general liability and workers compensation insurance premiums are paid for by this fund. At December 31, 2022, there are no claims liabilities in the Insurance Fund based on the requirements of GASB Statement No. 10, which requires that a liability for claims be reported if information prior to the issuance of the financial statements indicates that it is probable a liability has been incurred at the date of the financial statements and the amount of loss can be reasonably estimated. R. Net Position and Flow Assumptions In the government-wide and proprietary fund financial statements, net position represents the difference between assets, deferred outflows of resources, liabilities, and deferred inflows of resources. Net position is displayed in three components: !Net Investment in Capital Assets Consists of capital assets, net of accumulated depreciation and amortization, reduced by any outstanding debt attributable to acquire capital assets. !Restricted Net Position Consists of net position restricted when there are limitations imposed on their use through external restrictions imposed by creditors, grantors, or laws or regulations of other governments. !Unrestricted Net Position All other elements of net position that do not meet the definition of The City applies restricted resources first when an expense is incurred for which both restricted and unrestricted resources are available. -40- Qbhf!83!pg!623 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) S. Fund Balance Classifications and Flow Assumptions In the fund financial statements, governmental funds report fund balance in classifications that disclose constraints for which amounts in those funds can be spent. These classifications are as follows: !Nonspendable Consists of amounts that are not in spendable form, such as prepaid items, inventory, and other long-term assets. !Restricted Consists of amounts related to externally imposed constraints established by creditors, grantors, or contributors; or constraints imposed by state statutory provisions. !Committed Consists of internally imposed constraints that are established by resolution of the City Council. Those committed amounts cannot be used for any other purpose unless the City Council removes or changes the specified use by taking the same type of action it employed to previously commit those amounts. !Assigned Consists of internally imposed constraints for amounts intended to be used by the City for specific purposes, but do not meet the criteria to be classified as restricted or committed. These constraints are established by the City Council and/or management. The City Council has adopted a fund balance policy, which delegates the authority to assign amounts for specific purposes to the city administrator and/or finance director. !Unassigned The residual classification for the General Fund, which also reflects negative residual amounts in other funds. When both restricted and unrestricted resources are available for use, the City first uses restricted resources, then unrestricted resources as needed. When committed, assigned, or unassigned resources are available for use, the City uses resources in the following order: 1) committed, 2) assigned, and 3) unassigned. The City has a formal minimum fund balance policy. That policy is to maintain a working capital fund of 45 to 55 percent of the subsequent years General Fund budgeted expenditures and transfers out. The balance at year-end was $8,815,419, or 53.0 percent, and is included in unassigned General Fund balance. T. Use of Estimates The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. -41- Qbhf!84!pg!623 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) U. Change in Accounting Principle During the year ended December 31, 2022, the City implemented GASB Statement No. 87, Leases. This statement included major changes in recognition of certain lease assets and liabilities for leases that previously were classified as operating leases and recognized as inflows of resources or outflows of resources based on the payment provisions of the contract. It establishes a single model for lease accounting based on the foundational principle that leases are financings of the right to use an underlying asset. Under this statement, a lessee is required to recognize a lease liability and an intangible right-to-use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources. Certain amounts necessary to fully restate fiscal year 2021 financial information are not determinable; therefore, prior year comparative amounts have not been restated. The implementation of this new GASB statement in the current year resulted in the City reporting a new lease receivable and deferred inflows of resources, a new capital asset category for leased assets and lease liability, but did not require a restatement of net position. See Note 4, Note 5, and Note 6 for additional details on this change in the current year. NOTE 2 DEPOSITS AND INVESTMENTS A. Components of Cash and Investments Cash and investments at year-end consist of the following: Deposits$ 37,920,795 Investments 46,881,778 Petty cash 2,000 Total$ 84,804,573 B. Deposits In accordance with applicable Minnesota Statutes, the City maintains deposits at depository banks authorized by the City Council, including checking and savings accounts. The following is considered the most significant risk associated with deposits: Custodial Credit Risk In the case of deposits, this is the risk that in the event of a bank failure, the Citys deposits may be lost. Minnesota Statutes require that all deposits be protected by federal deposit insurance, corporate surety bond, or collateral. The market value of collateral pledged must equal 110 percent of the deposits not covered by federal deposit insurance or corporate surety bonds. Authorized collateral includes treasury Home Loan Bank; and certificates of deposit. Minnesota Statutes require that securities pledged as collateral be held in safekeeping in a restricted account at the Federal Reserve Bank or in an account at a trust department of a commercial bank or other financial institution that is not owned or controlled by the financial institution furnishing the collateral. The City has no additional deposit policies addressing custodial credit risk. At year-end, the carrying amount of the Citys deposits was $37,920,795, while the balance on the bank records was $39,656,563. At December 31, 2022, all deposits were fully covered by federal deposit insurance, surety bonds, or by collateral held by the Citys agent in the Citys name. -42- Qbhf!85!pg!623 NOTE 2 DEPOSITS AND INVESTMENTS (CONTINUED) C. Investments The City has the following investments at year-end: Fair Value Credit RiskMeasurement Deposits/InvestmentsRatingAgencyUsingLess Than 11 to 56 to 10Greater Than 10Total U.S. agency securitiesAaaLevel 2$ $ $ 396,295$ $ 396,295 U.S. agency securitiesAAS&PLevel 2 479,615 3,522,423 6,592,618 616,850 11,211,506 Negotiable certificates of depositsN/RN/ALevel 2 3,506,954 6,934,616 394,597 10,836,167 State and local bonds (G.O. bonds)AaaLevel 2 463,540 393,934 857,474 State and local bonds (G.O. bonds)AaLevel 2 1,290,967 3,802,019 782,131 5,875,117 State and local bonds (G.O. bonds)AAS&PLevel 2 374,949 374,949 State and local bonds (revenue bonds)AaaLevel 2 727,396 727,396 State and local bonds (revenue bonds)AAAS&PLevel 2 276,289 276,289 State and local bonds (revenue bonds)AaLevel 2 1,652,416 3,779,694 333,603 5,765,713 State and local bonds (revenue bonds)MIG-1Level 2 678,535 678,535 $ 7,393,492$ 20,489,855$ 8,499,244$ 616,850 36,999,441 Investment pools/mutual funds Western Asset Institutional Government ReservesAAAFitchLevel 1 9,882,337 Total investments 46,881,778 Deposits 37,920,795 Petty cash 2,000 Total deposits and investments$ 84,804,573 Investments are subject to various risks, the following of which are considered the most significant: Custodial Credit Risk For investments, this is the risk that in the event of a failure of the counterparty to an investment transaction (typically a broker-dealer) the City would not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. The Citys investment policy follows state statutes for allowable investments except that it does not permit the purchase of shares of investment companies registered under the Federal Investment Company Act of 1940 whose only investments are direct obligations guaranteed by the United States or its agencies. Concentration Risk This is the risk associated with investing a significant portion of the Citys investments (considered 5.0 percent or more) in the securities of a single issuer, excluding U.S. guaranteed investments (such as treasuries), investment pools, and mutual funds. The Citys investment policy places no limit on the amount the City may invest in any one issuer. However, it discusses the need to diversify investments to minimize risk. As of December 31, 2022, the Citys investment portfolio was concentrated as follows: Percentage IssuerInvestment Typeof Total Federal Home Loan BankU.S. agency securities10% Federal Farm Credit BankU.S. agency securities7% Federal Home Loan Mortgage CorporationU.S. agency securities5% -43- Qbhf!86!pg!623 NOTE 2 DEPOSITS AND INVESTMENTS (CONTINUED) Credit Risk This is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. Minnesota Statutes limit the Citys investments to direct obligations or obligations guaranteed by the United States or its agencies; shares of investment companies registered under the Federal Investment Company Act of 1940 that receive the highest credit rating, are rated in one of the two highest rating categories by a statistical rating agency, and all of the investments have a final acceptances of United States banks eligible for purchase by the Federal Reserve System; commercial paper issued by United States corporations or their Canadian subsidiaries, rated of the highest quality category by at least two nationally recognized rating agencies, and maturing in 270 days or less; Guaranteed Investment Contracts guaranteed by a United States commercial bank, domestic branch of a foreign bank, or a United States insurance company, and with a credit quality in one of the top two highest categories; repurchase or reverse purchase agreements and securities lending agreements members of the Federal Reserve System with capitalization exceeding $10,000,000; that are a primary reporting dealer in U.S. government securities to the Federal Reserve Bank of New York; or certain Minnesota securities broker-dealers. The Citys investment policies do not further address credit risk. Interest Rate Risk This is the risk of potential variability in the fair value of fixed rate investments resulting from changes in interest rates (the longer the period for which an interest rate is fixed, the greater the risk). The Citys investment policy states the investment portfolio should be structured to meet cash requirements for ongoing operations. The policy limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates, stating that no more than 35 percent of total investments should extend beyond 5 years. NOTE 3 INTERFUND TRANSFERS The following transfers were made during the year in accordance with budget appropriations or as approved by City Council resolution to fund administrative overhead costs, fund debt service payments, or close funds: Transfers In Governmental FundsEnterprise FundsInternal CapitalDebtPort AuthorityService Transfers OutGeneral ProjectsServiceDebt ServiceNonmajorSewerStorm WaterNonmajorFundTotal Governmental funds General$ $ 2,800,000 $ $ $ 62,969 $ $ $ 130,000 $ 100,000 $ 3,092,969 Capital Projects 28,816 28,816 Port Authority Debt Service 620,000 620,000 Port Authority Special Revenue 300,000 2,100,000 2,400,000 American Rescue Plan Act 44,043 44,043 Nonmajor 11,704 11,704 Enterprise funds Water 37,384 68,000 84,798 190,182 Sewer 61,629 61,629 Storm Water 296,844 296,844 Nonmajor 3,500 3,500 Total$ 59,247 $ 3,195,857 $ 68,000 $ 300,000 $ 2,782,969 $ 84,798 $ 28,816 $ 130,000 $ 100,000 $ 6,749,687 Generally, transfers are used to: (1) move revenues from the fund that collects them to the fund that the budget requires to expend them, (2) move receipts restricted to debt service from the funds collecting the receipts to the Debt Service Fund, and (3) use unrestricted revenues collected in the General Fund to finance various programs accounted for in other funds in accordance with budgetary authorizations. For the Statement of Activities, interfund transfers within the governmental activities or business-type activities are netted and eliminated to the extent possible. -44- Qbhf!87!pg!623 NOTE 4 LEASES RECEIVABLE The City has entered into lease receivable agreements for cell tower rental space on city property. These leases are reported using an incremental borrowing rate of 2.55 percent with a final maturity in fiscal 2031. During the current year, the City received principal and interest payments on these leases of $173,319. NOTE 5 CAPITAL ASSETS Capital asset activity for the year ended December 31, 2022 was as follows: A. Changes in Capital Assets Used in Governmental Activities Completed BeginningConstruction/Ending BalanceRemeasurementAdditionsDeletionsAdjustmentsBalance Capital assets, not depreciated/amortized Land$ 7,910,446$ $ 171,100$ $ $ 8,081,546 Land improvements 4,805,364 741,576 5,546,940 Construction in progress 16,619,885 9,382,815 (18,258,519) 7,744,181 Total capital assets, not depreciated/amortized 29,335,695 10,295,491 (18,258,519) 21,372,667 Capital assets, depreciated/amortized Land improvements 5,080,137 469,211 5,549,348 Buildings 18,455,360 9,751 (1,036) 18,464,075 Machinery and equipment 15,822,393 (555,547) 235,739 (1,149,335) 2,327,708 16,680,958 Leased machinery and equipment 555,547 176,174 731,721 Infrastructure Other 209,037 209,037 Roads 65,959,517 (2,713,608) 7,744,430 70,990,339 Bridges 2,034,591 2,034,591 Parking lots 1,358,831 1,358,831 Total capital assets, depreciated/amortized 108,919,866 421,664 (3,863,979) 10,541,349 116,018,900 Less accumulated depreciation/amortization Land improvements 2,332,780 236,524 2,569,304 Buildings 7,067,044 368,297 (517) 7,434,824 Machinery and equipment 8,530,789 908,581 (893,356) 8,546,014 Leased machinery and equipment 194,846 194,846 Infrastructure Other 41,271 5,344 46,615 Roads 16,526,557 1,187,821 (1,077,038) 16,637,340 Bridges 785,025 50,940 835,965 Parking lots 355,142 30,346 385,488 Total accumulated depreciation/amortization 35,638,608 2,982,699 (1,970,911) 36,650,396 Total capital assets, depreciated/amortized 73,281,258 (2,561,035) (1,893,068) 10,541,349 79,368,504 Net capital assets$ 102,616,953$ $ 7,734,456$ (1,893,068)$ (7,717,170)$ 100,741,171 -45- Qbhf!88!pg!623 NOTE 5 CAPITAL ASSETS (CONTINUED) B.Changes in Capital Assets Used in Business-Type Activities Completed BeginningConstruction/Ending BalanceRemeasurementAdditionsDeletionsAdjustmentsBalance Capital assets, not depreciated/amortized Land$ 4,161,879$ $ 307,377$ $ $ 4,469,256 Construction in progress 7,230,121 (5,066,442) 2,163,679 Total capital assets, not depreciated/amortized 4,161,879 7,537,498 (5,066,442) 6,632,935 Capital assets, depreciated/amortized Buildings 12,451,756 38,511 187,086 12,677,353 Machinery and equipment 4,797,795 (60,664) 326,558 (103,819) 122,577 5,082,447 Leased machinery and equipment 60,664 60,664 Infrastructure, mains and lines, and other improvements 151,882,205 12,473,949 164,356,154 Total capital assets, depreciated/amortized 169,131,756 365,069 (103,819) 12,783,612 182,176,618 Less accumulated depreciation/amortization on Buildings 4,962,050 278,829 5,240,879 Machinery and equipment 2,859,879 244,338 (79,341) 3,024,876 Leased machinery and equipment 17,046 17,046 Infrastructure, mains and lines, and other improvements 62,402,175 2,265,780 64,667,955 Total accumulated depreciation/amortization 70,224,104 2,805,993 (79,341) 72,950,756 Total capital assets, depreciated/amortized 98,907,652 (2,440,924) (24,478) 12,783,612 109,225,862 Net capital assets$ 103,069,531$ $ 5,096,574$ (24,478)$ 7,717,170$ 115,858,797 C. Depreciation/Amortization Expense by Function Depreciation/amortization expense was charged to the following functions: Governmental activities General government$ 295,368 Public safety 439,105 Public works 1,761,899 Culture, education, and recreation 486,327 $ 2,982,699 Business-type activities Water $ 900,754 Sewer 978,568 Storm water 864,334 Arena (nonmajor fund) 62,337 $ 2,805,993 -46- Qbhf!89!pg!623 NOTE 6 LONG-TERM DEBT A. Components of Long-Term Debt Final OriginalInterestIssueMaturity IssueRateDateDateEnd of Year Governmental activities General obligation bonds Port Authority TIF, Series 2008A$ 2,765,00020082024$ 610,000 Improvement Bonds, Series 2014A$ 2,400,00020142025 260,000 Fire Station Refunding Bonds, Series 2015B$ 1,345,00020152025 495,000 Port Authority TIF Refunding Bonds, Series 2015A$ 3,335,0003.00%20152032 3,270,000 Improvement Bonds, Series 2017A$ 1,055,0003.00%20172023 225,000 Improvement Bonds, Series 2018A$ 835,0005.00%20182024 365,000 Total bonds payable 5,225,000 Unamortized bond premium 111,385 Compensated absences 1,408,391 Lease obligations 531,790 Financed purchase 697,639 15,229,213 Total OPEB liability 782,022 Total governmental activities$ 23,985,440 Business-type activities General obligation bonds Water Revenue Bonds, Series 2015A$ 1,525,00020152026$ 660,000 Unamortized bond premium 32,917 Compensated absences 251,845 Lease obligations 40,994 1,526,643 Total OPEB liability 136,168 Total business-type activities$ 2,648,567 B. Changes in Long-Term Debt BeginningEndingDue Within BalanceRemeasurementAdditionsDeletionsBalanceOne Year Governmental activities G.O. improvement bonds$ 1,320,000$ $ $ 470,000$ 850,000$ 490,000 Capital improvement bonds 645,000 150,000 495,000 160,000 Port Authority tax increment bonds 4,195,000 315,000 3,880,000 330,000 Subtotal bonds payable 6,160,000 935,000 5,225,000 980,000 Unamortized bond premium 139,250 27,865 111,385 Compensated absences 1,371,016 695,463 658,088 1,408,391 676,028 Lease obligations 1,380,029 (824,482) 176,175 199,932 531,790 197,288 Financed purchase 824,482 126,843 697,639 130,895 4,265,336 11,846,723 882,846 15,229,213 Total OPEB liability 725,599 106,264 49,841 782,022 Total governmental activities 14,041,230 12,824,625 2,880,415 23,985,440 1,984,211 Business-type activities G.O. utility revenue bonds 815,000 155,000 660,000 160,000 Unamortized bond premium 41,147 8,230 32,917 Compensated absences 222,012 136,399 106,566 251,845 120,886 Lease obligations 60,664 19,670 40,994 16,190 817,875 820,386 111,618 1,526,643 Total OPEB liability 129,959 14,888 8,679 136,168 Total business-type activities 2,086,657 971,673 409,763 2,648,567 297,076 Total government-wide$ 16,127,887$ $ 13,796,298$ 3,290,178$ 26,634,007$ 2,281,287 -47- Qbhf!8:!pg!623 NOTE 6 LONG-TERM DEBT (CONTINUED) C. Minimum Bonded Debt Payments Debt service requirements to maturity are as follows: General Obligation Bonds Governmental ActivitiesBusiness-Type Activities Year Ending December 31,PrincipalInterestPrincipalInterest 2023$ 980,000$ 147,445$ 160,000$ 16,705 2024 780,000 110,693 165,000 12,154 2025 625,000 84,605 165,000 7,451 2026 375,000 71,750 170,000 2,550 2027 385,000 63,188 2,080,000 154,200 Total$ 5,225,000$ 631,881$ 660,000$ 38,860 D. Financed Purchase Payable During fiscal year 2020, the City financed the purchase of an aerial platform fire truck. The assets acquired through this agreement total $1,165,700, which are included in the machinery and equipment asset category of capital assets, less accumulated depreciation of $303,568. The amount financed totaled $925,671 with an interest rate of 3.2 percent, which will be paid by the Equipment CIP Capital Project Sub-Fund. The agreement requires payments through November 2027 as follows: Financed Purchase Governmental Activities Year Ending December 31,PrincipalInterest 2023$ 130,895$ 22,283 2024 135,075 18,102 2025 139,390 13,787 2026 143,842 9,335 2027 148,437 4,741 Total$ 697,639$ 68,248 The agreement is secured by the machinery and equipment. If the City fails to make the required payments specified in this agreement or otherwise defaults, the lender may 1) declare all payments due or to become due, to be immediately due and payable, 2) take possession without terminating the agreement, holding the City responsible for the difference in the net income derived from such possession and the amount due under this agreement, 3) take legal action to force performance under the terms of the agreement. E. Lease Obligations Since 2018, the City has been acquiring assets through multiple lease agreements. Lease payments are due through August 2027, with interest rates ranging from zero to 3.13 percent. The gross amount of these assets under leases is presented in Note 5 to the basic financial statements. A portion of these capital assets were not financed through lease arrangements, but rather paid by the City upon purchase. -48- Qbhf!91!pg!623 NOTE 6 LONG-TERM DEBT (CONTINUED) A corresponding liability is recorded in the government-wide statement of net position. The liability of the lease obligations that were capitalized at December 31, 2022 was $531,790 in governmental activities and $40,994 in the business-type activities (split between Water, Sewer, and Storm Water Funds). Annual principal and interest on these agreements will be paid from the Equipment CIP Capital Project Sub-Fund, Water, Sewer, and Storm Water Funds. The lease agreement contains certain provisions that in the event of default the lessor may demand and receive immediate position of the leased property, or recover all amounts owed by the City. A schedule of future lease payments as of December 31, 2022, is as follows: Lease Obligations Governmental ActivitiesBusiness-Type Activities Year Ending December 31,PrincipalInterestPrincipalInterest 2023$ 197,288$ 8,746$ 16,190$ 682 2024 173,690 4,836 14,310 317 2025 104,704 1,762 10,494 232 2026 49,200 398 2027 6,908 1 Total$ 531,790$ 15,743$ 40,994$ 1,231 F. Other Debt Information The City provides its employees with various benefits, including compensated absences, pension benefits, and OPEB as further described elsewhere in these notes. The General, Water, Sewer, Storm Water, and Arena Funds will be used to liquidate these liabilities. There are a number of limitations and restrictions contained in the various bond indentures and loan agreements. The City believes it is in compliance with all significant limitations and restrictions, including federal arbitrage regulations. The water utility has pledged future revenues, net of specified operating expenses, to repay revenue bonds issued in 2015. Proceeds from the bonds provided financing for utility improvements. The bonds are payable solely from water revenues and are payable through 2026. Annual principal and interest payments on the bonds are expected to require 6 percent of net revenues. The total principal and interest remaining to be paid on the bonds is $698,860. Principal and interest paid on these bonds for the current year and the gross customer charges for services were $176,036 and $2,974,169, respectively. The City has approved the issuance of industrial revenue bonds (IRB) for the benefit of private business enterprises. IRBs are secured by mortgages or revenue agreements on the associated projects, and do not constitute indebtedness of the City. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. At year-end, the aggregate principal amount for the three issues outstanding could not be determined; however, their original issue amounts totaled $8,294,720. -49- Qbhf!92!pg!623 NOTE 7 NET POSITION/FUND BALANCES A. Net Investment in Capital Assets The government-wide statement of net position at December 31, 2022 includes the Citys net investment in capital assets calculated as follows: GovernmentalBusiness-Type ActivitiesActivitiesTotal Net investment in capital assets Capital assets Nondepreciable$ 21,372,667$ 6,632,935$ 28,005,602 Depreciable, net of accumulated depreciation/amortization 79,368,504 109,225,862 188,594,366 Less capital-related long-term debt outstanding (6,565,814) (733,911) (7,299,725) Less capital-related accounts, contracts, and retainage payables (1,499,332) (1,042,464) (2,541,796) Total net investment in capital assets$ 92,676,025$ 114,082,422$ 206,758,447 B. Governmental Fund Balance Classifications Governmental fund balances reported at December 31, 2022 include the following: PortPortAmerican CapitalAuthorityAuthorityRescue General ProjectsDebt ServiceDebt ServiceSpecial RevenuePlan ActNonmajorTotal Nonspendable Prepaid items$ 44,016$ $ $ $ $ $ 4,001$ 48,017 Restricted Debt service 1,511,002 397,809 1,908,811 TIF requirements 115,101 2,724,035 2,839,136 PEG fees 129,290 129,290 Forfeiture spending 82,612 82,612 Total restricted 1,511,002 397,809 115,101 2,935,937 4,959,849 Committed Fire safety education 3,813 3,813 GIS 184,675 184,675 Port Authority, general 544,694 544,694 Total committed 733,182 733,182 Assigned Compensated absences 1,408,391 1,408,391 Comp plan 1,312 1,312 Building maintenance 474,128 474,128 Park maintenance 718,998 718,998 Parking lot maintenance 459,000 459,000 Street chemicals 39,021 39,021 Landscaping projects 6,398 6,398 Election equipment 39,934 39,934 Economic development 50,000 50,000 Various projects/equipment 268,384 17,153,725 17,422,109 Building CIP 2,147,735 2,147,735 Street CIP 428,741 428,741 Equipment CIP 284,842 284,842 Total assigned 3,465,566 20,015,043 23,480,609 Unassigned 8,815,419 8,815,419 Total$ 12,325,001$ 20,015,043$ 1,511,002$ 397,809$ 115,101$ $ 3,673,120$ 38,037,076 -50- Qbhf!93!pg!623 NOTE 8 DEFINED BENEFIT PENSION PLANS Employees of the City participate in three defined benefit pension plans. Two of the plans are state-wide, cost-sharing, multiple-employer defined benefit pension plans administered by the PERA of Minnesota: the General Employees Retirement Fund (GERF) and the Public Employees Police and Fire Fund (PEPFF). The third is a single-employer defined benefit pension plan administered through the Rosemount Fire Department Relief Association (the Association). The details of the Citys participation in each of these plans are presented later in these notes. The following table summarizes the impact of these plans on the Citys government-wide financial statements: Rosemount Fire Department State-Wide PERA Pension Plans ReliefTotal GERF PEPFF TotalAssociationAll Plans Net pension asset$ $ $ $ 2,801,684$ 2,801,684 Deferred outflows of resources$ 1,894,197$ 7,670,523$ 9,564,720$ 97,656$ 9,662,376 Net pension liability$ 6,050,907$ 10,704,949$ 16,755,856$ $ 16,755,856 Deferred inflows of resources$ 97,536$ 109,983$ 207,519$ 948,219$ 1,155,738 Pension expense$ 938,034$ 1,141,122$ 2,079,156$ (72,672)$ 2,006,484 NOTE 9 DEFINED BENEFIT PENSION PLANS STATE-WIDE A. Plan Descriptions The City participates in the following cost-sharing, multiple-employer defined benefit pension plans administered by the Public Employees Retirement Association (PERA) of Minnesota. The PERAs defined benefit pension plans are established and administered in accordance with Minnesota Statutes, Chapters 353 and 356. The PERAs defined benefit pension plans are tax qualified plans under Section 401(a) of the Internal Revenue Code. 1. General Employees Retirement Fund (GERF) All full-time and certain part-time employees of the City are covered by the GERF. The GERF members belong to the Coordinated Plan. Coordinated Plan members are covered by Social Security. 2. Public Employees Police and Fire Fund (PEPFF) The Public Employees Police and Fire Fund (PEPFF), originally established for police officers and firefighters not covered by a local relief association, now covers all police officers and firefighters hired since 1980. Effective July 1, 1999, the PEPFF also covers police officers and firefighters belonging to local relief associations that elected to merge with and transfer assets and administration to the PERA. -51- Qbhf!94!pg!623 NOTE 9 DEFINED BENEFIT PENSION PLANS STATE-WIDE (CONTINUED) B. Benefits Provided The PERA provides retirement, disability, and death benefits. Benefit provisions are established by state statutes and can only be modified by the State Legislature. Vested, terminated employees who are entitled to benefits, but are not receiving them yet, are bound by the provisions in effect at the time they last terminated their public service. 1. GERF Benefits Benefits are based on a members highest average salary for any five successive years of allowable service, age, and years of credit at termination of service. Two methods are used to compute benefits for the PERAs Coordinated Plan members. Members hired prior to July 1, 1989, receive the higher of Method 1 or Method 2 formulas. Only Method 2 is used for members hired after June 30, 1989. Under Method 1, the accrual rate for Coordinated Plan members is 1.2 percent for each of the first 10 years of service, and 1.7 percent for each additional year. Under Method 2, the accrual rate for Coordinated Plan members is 1.7 percent for all years of service. For members hired prior to July 1, 1989, a full annuity is available when age plus years of service equal 90, and normal retirement age is 65. For members hired on or after July 1, 1989, normal retirement age is the age for unreduced Social Security benefits capped at age 66. Benefit increases are provided to benefit recipients each January. The post-retirement increase is equal to 50.0 percent of the cost of living adjustment (COLA) announced by the Social Security Administration, with a minimum increase of at least 1.0 percent and a maximum of 1.5 percent. Recipients that have been receiving the annuity or benefit for at least a full year as of the June 30 before the effective date of the increase, will receive the full increase. Recipients receiving the annuity or benefit for at least one month, but less than a full year as of the June 30 before the effective date of the increase, will receive a reduced prorated increase. For members retiring on January 1, 2024 or later, the increase will be delayed until normal retirement age (age 65 if hired prior to July 1, 1989, or age 66 for individuals hired on or after July 1, 1989). Members retiring under Rule of 90 are exempt from the delay to normal retirement. 2. PEPFF Benefits Benefits for the PEPFF members first hired after June 30, 2010 but before July 1, 2014, vest on a prorated basis from 50.0 percent after five years, up to 100.0 percent after 10 years of credited service. Benefits for the PEPFF members first hired after June 30, 2014 vest on a prorated basis from 50.0 percent after 10 years, up to 100.0 percent after 20 years of credited service. The annuity accrual rate is 3.0 percent of average salary for each year of service. For Police and Fire Plan members who were first hired prior to July 1, 1989, a full annuity is available when age plus years of service equal at least 90. Benefit increases are provided to benefit recipients each January. The post-retirement increase is fixed at 1.0 percent. Recipients that have been receiving the annuity or benefit for at least 36 months as of the June 30 before the effective date of the increase, will receive the full increase. Recipients receiving the annuity or benefit for at least 25 months, but less than 36 months as of the June 30 before the effective date of the increase, will receive a reduced prorated increase. -52- Qbhf!95!pg!623 NOTE 9 DEFINED BENEFIT PENSION PLANS STATE-WIDE (CONTINUED) C. Contributions Minnesota Statutes, Chapter 353 sets the rates for employer and employee contributions. Contribution rates can only be modified by the State Legislature. 1. GERF Contributions Coordinated Plan members were required to contribute 6.50 percent of their annual covered salary in fiscal year 2022, and the City was required to contribute 7.50 percent for Coordinated Plan members. The Citys contributions to the GERF for the year ended December 31, 2022, were $446,310. The Citys contributions were equal to the required contributions as set by state statutes. 2. PEPFF Contributions Police and Fire Plan members were required to contribute 11.80 percent of their annual covered salary in fiscal year 2022, and the City was required to contribute 17.70 percent for Police and Fire Plan members. The Citys contributions to the PEPFF for the year ended December 31, 2022, were $552,278. The Citys contributions were equal to the required contributions as set by state statutes. D. Pension Costs 1. GERF Pension Costs At December 31, 2022, the City reported a liability of $6,050,907 for its proportionate share of the GERFs net pension liability. The Citys net pension liability reflected a reduction, due to the state of Minnesotas contribution of $16.0 million. The state of Minnesota is considered a nonemployer contributing entity and the states contribution meets the definition of a special funding situation. The state of Minnesotas proportionate share of the net pension liability associated with the City totaled $177,530. The net pension liability was measured as of June 30, 2022, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The Citys proportion of the net pension liability was based on the Citys contributions received by the PERA during the measurement period for employer payroll paid dates from July 1, 2021 through June 30, 2022, relative to the total employer contributions received from all of the PERAs participating employers. The Citys proportionate share was 0.0764 percent at the end of the measurement period and 0.0767 percent for the beginning of the period. The amount recognized by the City as its proportionate share of the net pension liability, the direct aid, and total portion of the net pension liability that was associated with the City were as follows: $ 6,050,907 $ 177,530 associated with the City For the year ended December 31, 2022, the City recognized pension expense of $911,541 for its proportionate share of the GERFs pension expense. In addition, the City recognized an additional $26,493 as pension expense (and grant revenue) for its proportionate share of the state of Minnesotas contribution of $16.0 million to the GERF. -53- Qbhf!96!pg!623 NOTE 9 DEFINED BENEFIT PENSION PLANS STATE-WIDE (CONTINUED) At December 31, 2022, the City reported its proportionate share of the GERFs deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: DeferredDeferred OutflowsInflows of Resourcesof Resources Differences between expected and actual economic experience$ 50,542$ 64,574 Changes in actuarial assumptions 1,374,645 23,354 Net collective difference between projected and actual investment earnings 84,017 Changes in proportion 159,077 9,608 Contributions paid to the PERA subsequent to the measurement date 225,916 Total$ 1,894,197$ 97,536 A total of $225,916 reported as deferred outflows of resources related to pensions resulting from city contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending December 31, 2023. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Pension Year EndingExpense December 31,Amount 2023 $ 616,585 2024 $ 606,003 2025 $ (199,058) 2026 $ 547,215 2. PEPFF Pension Costs At December 31, 2022, the City reported a liability of $10,704,949 for its proportionate share of the PEPFFs net pension liability. The net pension liability was measured as of June 30, 2022, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The Citys proportion of the net pension liability was based on the Citys contributions received by the PERA during the measurement period for employer payroll paid dates from July 1, 2021 through June 30, 2022, relative to the total employer contributions received from all of the PERAs participating employers. The Citys proportionate share was 0.2460 percent at the end of the measurement period and 0.2342 percent for the beginning of the period. The state of Minnesota contributed $18.0 million to the PEPFF in the plan fiscal year ended June 30, 2022. The contribution consisted of $9.0 million in direct state aid that does meet the definition of a special funding situation and $9.0 million in supplemental state aid that does not meet the definition of a special funding situation. The $9.0 million direct state aid was paid on October 1, 2021. Thereafter, by October 1 of each year, the state will pay $9.0 million to the PEPFF until full funding is reached or July 1, 2048, whichever is earlier. The $9.0 million in supplemental state aid will continue until the fund is 90.0 percent funded, or until the State Patrol Plan (administered by the Minnesota State Retirement System) is 90.0 percent funded, whichever occurs later. -54- Qbhf!97!pg!623 NOTE 9 DEFINED BENEFIT PENSION PLANS STATE-WIDE (CONTINUED) The state of Minnesota is included as a nonemployer contributing entity in the Police and Fire Retirement Plan Schedule of Employer Allocations and Schedule of Pension Amounts by Employer, Current Reporting Period Only (pension allocation schedules) for the $9.0 million in direct state aid. Police and Fire Plan employers need to recognize their proportionate share of the state of Minnesotas pension expense (and grant revenue) under GASB 68 special funding situation accounting and financial reporting requirements. For the year ended December 31, 2022, the City recognized pension expense of $1,050,391 for its proportionate share of the Police and Fire Plans pension expense. The City recognized $90,731 as grant revenue for its proportionate share of the state of Minnesotas pension expense for the contribution of $9.0 million to the PEPFF. The amount recognized by the City as its proportionate share of the net pension liability, the direct aid, and total portion of the net pension liability that was associated with the City were as follows: $ 10,704,949 $ 467,749 associated with the City The state of Minnesota is not included as a nonemployer contributing entity in the Police and Fire Pension Plan pension allocation schedules for the $9.0 million in supplemental state aid. The City recognized $22,140 for the year ended December 31, 2022 as revenue and an offsetting reduction of net pension liability for its proportionate share of the state of Minnesotas on-behalf contributions to the PEPFF. At December 31, 2022, the City reported its proportionate share of the PEPFFs deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: DeferredDeferred OutflowsInflows of Resourcesof Resources Differences between expected and actual economic experience$ 637,090$ Changes in actuarial assumptions 6,194,415 57,221 Net collective difference between projected and actual investment earnings 250,305 Changes in proportion 295,378 52,762 Contributions paid to the PERA subsequent to the measurement date 293,335 Total$ 7,670,523$ 109,983 A total of $293,335 reported as deferred outflows of resources related to pensions resulting from city contributions subsequent to the measurement date that will be recognized as a reduction of the net pension liability in the year ending December 31, 2023. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Pension Year EndingExpense December 31,Amount 2023 $ 1,440,405 2024 $ 1,411,115 2025 $ 1,276,585 2026 $ 2,233,246 2027 $ 905,854 -55- Qbhf!98!pg!623 NOTE 9 DEFINED BENEFIT PENSION PLANS STATE-WIDE (CONTINUED) E. Long-Term Expected Return on Investments The Minnesota State Board of Investment, which manages the investments of the PERA, prepares an analysis of the reasonableness on a regular basis of the long-term expected rate of return using a building-block method in which best-estimate ranges of expected future rates of return are developed for each major asset class. These ranges are combined to produce an expected long-term rate of return by weighting the expected future rates of return by the target asset allocation percentages. The target allocation and best-estimates of geometric real rates of return for each major asset class are summarized in the following table: TargetLong-Term Expected AllocationReal Rate of Return Asset Class Domestic equity 35.50 % 5.10 % International equity 16.50 5.30 % Fixed income 25.00 0.75 % Private markets 25.00 5.90 % Total 100.00 % F. Actuarial Methods and Assumptions The total pension liability in the June 30, 2022, actuarial valuation was determined using an individual entry-age normal actuarial cost method. The long-term rate of return on pension plan investments used in the determination of the total liability is 6.50 percent. This assumption is based on a review of inflation and investments return assumptions from a number of national investment consulting firms. The review provided a range of return investment return rates deemed to be reasonable by the actuary. An investment return of 6.50 percent was deemed to be within that range of reasonableness for financial reporting purposes. Inflation is assumed to be 2.25 percent for the General Employees Plan and 2.25 percent for the Police and Fire Plan. Benefit increases after retirement are assumed to be 1.25 percent for the General Employees Plan. The Police and Fire Plan benefit increase is fixed at 1.00 percent per year and that increase was used in the valuation. Salary growth assumptions in the General Employees Plan range in annual increments from 10.25 percent after one year of service to 3.00 percent after 27 years of service. In the Police and Fire Plan, salary growth assumptions range from 11.75 percent after one year of service to 3.00 percent after 24 years of service. Mortality rates for the General Employees Plan are based on the Pub-2010 General Employee Mortality Table. Mortality rates for the Police and Fire Plan are based on the Pub-2010 Public Safety Employee Mortality tables. The tables are adjusted slightly to fit the PERAs experience. Actuarial assumptions for the General Employees Plan are reviewed every four years. The most recent four-year experience study for the General Employees Plan was completed in 2019. The assumption changes were adopted by the Board and became effective with the July 1, 2020 actuarial valuation. The most recent four-year experience study for the Police and Fire Plan was completed in 2020, adopted by the Board, and became effective with the July 1, 2021 actuarial valuation. -56- Qbhf!99!pg!623 NOTE 9 DEFINED BENEFIT PENSION PLANS STATE-WIDE (CONTINUED) The following changes in actuarial assumptions occurred in 2022: 1. GERF C HANGES IN A CTUARIAL A SSUMPTIONS The mortality improvement scale was changed from Scale MP-2020 to Scale MP-2021. ! 2. PEPFF C HANGES IN A CTUARIAL A SSUMPTIONS The mortality improvement scale was changed from Scale MP-2020 to Scale MP-2021. ! The single discount rate changed from 6.50 percent to 5.40 percent. ! G. Discount Rate The discount rate for the General Employees Plan used to measure the total pension liability in 2022 was 6.50 percent. The projection of cash flows used to determine the discount rate assumed that contributions from plan members and employers will be made at rates set in Minnesota Statutes. Based on these assumptions, the fiduciary net position of the General Employees Fund was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. In the Police and Fire Fund, the fiduciary net position was projected to be available to make all projected future benefit payments of current plan members through June 30, 2060. Beginning in fiscal year ended June 30, 2061, projected benefit payments exceed the funds projected fiduciary net position. Benefit payments projected after were discounted at the municipal bond rate of 3.69 percent (based on the weekly - The resulting equivalent single discount rate of 5.40 percent for the Police and Fire Fund was determined to give approximately the same present value of projected benefits when applied to all years of projected benefits as the present value of projected benefits using 6.50 percent applied to all years of projected benefits through the point of asset depletion and 3.69 percent thereafter. -57- Qbhf!9:!pg!623 NOTE 9 DEFINED BENEFIT PENSION PLANS STATE-WIDE (CONTINUED) H. Pension Liability Sensitivity The following table presents the Citys proportionate share of the net pension liability for all plans it participates in, calculated using the discount rate disclosed in the preceding paragraph, as well as what the Citys proportionate share of the net pension liability would be if it were calculated using a discount rate 1 percentage point lower or 1 percentage point higher than the current discount rate: 1% Decrease inCurrent1% Increase in Discount RateDiscount RateDiscount Rate 5.50% 6.50% 7.50% GERF discount rate $ 9,557,722 $ 6,050,907 $ 3,174,774 the GERF net pension liability 4.40% 5.40% 6.40% PEPFF discount rate $ 16,200,566 $ 10,704,949 $ 6,262,070 the PEPFF net pension liability I. Pension Plan Fiduciary Net Position Detailed information about each pension plans fiduciary net position is available in a separately-issued PERA financial report that includes financial statements and required supplementary information. That report may be obtained on the internet at www.mnpera.org. NOTE 10 DEFINED BENEFIT PENSION PLAN FIRE RELIEF ASSOCIATION A. Plan Description All members of the Rosemount Fire Department (the Department) are covered by a defined benefit plan administered by the Association. As of December 31, 2020, the plan covered 42 active firefighters and 3 vested terminated firefighters whose pension benefits are deferred. The plan is a single-employer retirement plan and is established and administered in accordance with Minnesota Statutes, Chapter 69. The Association maintains a separate Special Fund to accumulate assets to fund the retirement benefits earned by the Departments membership. Funding for the Association is derived from an insurance premium tax in accordance with the Volunteer Firefighters Relief Association Financing Guidelines Act of 1971 (Chapter 261 as amended by Chapter 509 of Minnesota Statutes 1980). Funds are also derived from investment income and city contributions. B. Benefits Provided Individuals with at least 20 years of service who have reached age 50 are entitled to a lump sum payment of $8,200 per year of service plus a supplemental benefit of 10 percent of the regular lump sum distributions, but not more than $1,000. In the event an otherwise qualified member has less than 20 years of service, the member is eligible for a pension payment of 60 percent after 10 years of service, increasing 4 percent for each year of service after 10 years to a maximum of 100 percent. Members retiring before 50 do not receive distributions until age 50, but interest at 5 percent per year is added to their retirement benefit until paid. -58- Qbhf!:1!pg!623 NOTE 10 DEFINED BENEFIT PENSION PLAN FIRE RELIEF ASSOCIATION (CONTINUED) C. Contributions Minnesota Statutes, Chapters 424 and 424A authorize pension benefits for volunteer fire relief associations. The plan is funded by fire state aid, investment earnings, and, if necessary, employer contributions as specified in Minnesota Statutes and voluntary city contributions (if applicable). The firefighters have no obligation to contribute to the plan. Nonemployer pension contributions include state aid from the state of Minnesota and municipal contributions from the City. On-behalf of state aid payments from the state of Minnesota are received initially by the City and subsequently remitted to the Association. These on-behalf of state aid payments, in addition to the Citys municipal contribution payments to the Association plan, are recognized as revenues and expenditures in the Citys General Fund during the period received. The state of Minnesota contributed $192,759 in fire state aid to the plan on behalf of the Department for the year ended December 31, 2022, which was recorded as revenue. Required employer contributions are calculated annually based on statutory provisions. The Citys statutorily-required contributions to the plan for the year ended December 31, 2022 were $0; however, the City made a voluntary contribution of $30,000 to the plan. D. Pension Costs At December 31, 2022, the City reported a net pension liability (asset) of ($2,801,684) for the plan. The net pension liability (asset) was measured as of December 31, 2021. The total pension liability used to calculate the net pension liability (asset) in accordance with GASB Statement No. 68 was determined by applying an actuarial formula to specific census data certified by the Department as of December 31, 2020. The following table presents the changes in net pension liability (asset) during the year: Total PensionPlan FiduciaryNet Pension LiabilityNet PositionLiability (Asset) (a)(b)(a-b) Beginning balance$ 2,787,821$ 5,134,221$ (2,346,400) Changes for the year Service cost 153,888 153,888 Interest 162,990 162,990 Changes of benefit terms 150,018 150,018 Contributions (state and local) 200,246 (200,246) Net investment income 731,187 (731,187) Benefit payments (214,200) (214,200) Administrative costs (9,253) 9,253 Total net changes 252,696 707,980 (455,284) Ending balance$ 3,040,517$ 5,842,201$ (2,801,684) For the year ended December 31, 2022, the City recognized negative pension expense of ($72,672). -59- Qbhf!:2!pg!623 NOTE 10 DEFINED BENEFIT PENSION PLAN FIRE RELIEF ASSOCIATION (CONTINUED) At December 31, 2022, the City reported deferred inflows of resources and deferred outflows of resources related to pensions from the following sources: DeferredDeferred OutflowsInflows of Resourcesof Resources Differences between expected and actual economic experience$ $ 245,255 Changes in actuarial assumptions 67,656 35,301 Net collective difference between projected and actual investment earnings 667,663 Contributions paid subsequent to the measurement date 30,000 Total$ 97,656$ 948,219 Deferred outflows of resources totaling $30,000 related to pensions resulting from city contributions to the plan subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending December 31, 2023. Other amounts reported as deferred outflows and inflows of resources related to the plan will be recognized in pension expense as follows: Pension Year EndingExpense December 31,Amount 2023 $ (199,568) 2024 $ (281,878) 2025 $ (184,208) 2026 $ (118,006) 2027 $ (31,228) Thereafter $ (65,675) E. Actuarial Methods and Assumptions The total pension liability at December 31, 2022 was determined using the entry-age normal actuarial cost method and the following actuarial assumptions: 20-year municipal bond yield2.00% Long-term expected rate of return5.75% Discount rate5.75% Inflation rate2.25% Mortality rates were based on the July 1, 2020 PERA Police and Fire Plan actuarial valuation as described below: !Healthy Pre-Retirement RP-2014 Employee Generational Mortality Table projected with Mortality Improvement Scale MP-2019 from a base year of 2006. !Healthy Post-Retirement RP-2014 Annuitant Generational Mortality Table projected with Mortality Improvement Scale MP-2019 from a base year of 2006. Male rates are adjusted by a factor of 0.96. !Disabled RP-2014 Annuitant Generational Mortality Table projected with Mortality Improvement Scale MP-2019 from a base year of 2006. Male rates are adjusted by a factor of 0.96. -60- Qbhf!:3!pg!623 NOTE 10 DEFINED BENEFIT PENSION PLAN FIRE RELIEF ASSOCIATION (CONTINUED) Plan changes since the prior valuation included a benefit increase from $7,800 to $8,200 per year. The 5.75 percent long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimates for expected future real rates of return (expected returns, net of inflation) were developed for each asset class using the plans target investment allocation, along with long-term return expectations by asset class. Inflation expectations were applied to derive the nominal rate of return for the portfolio. The target allocation and best-estimates of geometric real rates of return for each major asset class are summarized in the following table: MeasurementLong-TermLong-Term DateExpected RealExpected Nominal AllocationRate of ReturnRate of Return Asset Class Domestic equity 63.90% 4.90% 7.15% International equity 1.59 5.32% 7.57% Fixed income 18.68 1.40% 3.65% Cash and equivalents 15.83 0.90% 3.15% Total 100.00% 5.75% F. Discount Rate The discount rate used to measure the total pension liability was 5.75 percent. The projection of cash flows used to determine the discount rate assumed that contributions to the plan will be made as specified in state statutes. Based on that assumption and considering the funding ratio of the plan, the fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. G. Pension Liability (Asset) Sensitivity The following presents the Citys net pension liability (asset) for the plan, calculated using the discount rate disclosed in the preceding paragraph, as well as what the Citys net pension liability (asset) would be if it were calculated using a discount rate 1 percent lower or 1 percent higher than the current discount rate: 1% Decrease inCurrent1% Increase in Discount RateDiscount RateDiscount Rate (4.75%)(5.75%)(6.75%) Net pension liability (asset)$ (2,721,935)$ (2,801,684)$ (2,878,557) H. Pension Plan Fiduciary Net Position The Association issues a publicly available financial report that includes financial statements and required supplementary information. The report may be obtained by writing to the City of Rosemount, 2875 145th Street West, Rosemount, Minnesota 55068-4997, or by calling (651) 423-4411. -61- Qbhf!:4!pg!623 NOTE 11 OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN A. Plan Description The City provides post-employment insurance benefits to certain eligible employees through its OPEB Plan, a single-employer defined benefit plan administered by the City. All post-employment benefits are based on contractual agreements with employee groups. Eligibility for these benefits is based on years of service and/or minimum age requirements. These contractual agreements do not include any specific contribution or funding requirements. The Plan does not issue a publicly available financial report. No plan assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75. B. Benefits Provided All retirees of the City have the option under state law to continue their medical insurance coverage through the City from the time of retirement until the employee reaches the age of eligibility for Medicare. For members of all employee groups, the retiree must pay the full premium to continue coverage for medical and dental insurance. The City is legally required to include any retirees for whom it provides health insurance coverage in the same insurance pool as its active employees until the retiree reaches Medicare eligibility, whether the premiums are paid by the City or the retiree. Consequently, participating retirees are considered to receive retiree is receiving a more favorable premium rate than they would otherwise be able to obtain if purchasing insurance on their own, due to being included in the same pool with the Citys younger and statistically healthier active employees. For police officers or firefighters disabled in the line-of-duty, Minnesota Statutes require the City to continue payment of the employers contribution toward health coverage for the police officer or firefighter and their spouse, if the spouse was covered at the time of disability, until age 65. C. Contributions The required contribution is based on projected pay-as-you-go financing requirements, with additional amounts to prefund benefits as determined periodically by the City. The Citys current year required pay-as-you-go contributions to finance the benefits described in the previous section totaled $35,162. D. Membership Membership in the plan consisted of the following as of the latest actuarial valuation: Active employees electing coverage 71 Active employees waiving coverage 24 Retirees electing coverage 1 Total 96 E. Total OPEB Liability of the City The Citys total OPEB liability of $918,190 was measured as of December 31, 2021, and was determined in accordance with the Alternative Measurement Method, prescribed by GASB Statement No. 75 for employers with under 100 plan participants, as of that date, in place of an actuarial valuation. -62- Qbhf!:5!pg!623 NOTE 11 OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN (CONTINUED) F. Actuarial Methods and Assumptions The total OPEB liability in the December 31, 2021 valuation was determined using the following valuation assumptions and other inputs, applied to all periods included in the measurement, unless otherwise specified: Discount rate1.84% 20-year municipal bond yield1.84% Inflation rate2.25% 6.20% initially, gradually decreasing over several decades Healthcare trend rate to an ultimate rate of 3.70% in 2074 and later years Since the plan is not funded by an irrevocable trust, the discount rate is equal to the 20-year municipal bond yield rate of 1.84 percent, which was set by considering published rate information for 20-year high quality, tax-exempt, general obligation municipal bonds as of the measurement date. The City discount rate used in the prior measurement date was 2.00 percent. Mortality rates were based on the Pub-2010 Mortality Table, with projected mortality improvements using projection Scale MP-2020 and other adjustments. G. Changes in the Total OPEB Liability Total OPEB Liability $ 855,558 Beginning balance Changes for the year Service cost 78,401 Interest 18,094 Differences between expected and actual experience 190,990 Changes in assumptions (166,333) Benefit payments (58,520) Total net changes 62,632 Ending balance$ 918,190 Assumption changes since the prior measurement date include the following: !The discount rate was changed from 2.00 percent to 1.84 percent based on updated 20-year municipal bond rates. !Healthcare trend rates were reset to reflect updated cost increase expectations. !Medical per capita claims costs were updated to reflect recent experience. !Withdrawal, mortality, and salary increase rates were updated from the rates used in the July 1, 2019 PERA General Employees Plan and July 1, 2019 PERA Police and Fire Plan valuations to the rates used in the July 1, 2021 valuations. !The percent of future Police and Fire retirees assumed to elect coverage at retirement changed from 40.00 percent to 35.00 percent to reflect recent plan experience. !The percent of future General retirees assumed to elect coverage at retirement changed from 65.00 percent to 55.00 percent to reflect recent plan experience. !The inflation assumption was changed from 2.50 percent to 2.25 percent based on an updated historical analysis of inflation rates and forward-looking market expectations. -63- Qbhf!:6!pg!623 NOTE 11 OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN (CONTINUED) H. Total OPEB Liability Sensitivity to Discount and Healthcare Cost Trend Rate Changes The following presents the total OPEB liability of the City, as well as what the Citys total OPEB liability would be if it were calculated using a discount rate that is 1 percentage point lower or 1 percentage point higher than the current discount rate: Current 1% Decrease in1% Increase in Discount Rate Discount RateDiscount Rate 0.84%1.84%2.84% OPEB discount rate $ 1,012,146 $ 918,190 $ 833,387 Total OPEB liability The following presents the total OPEB liability of the City, as well as what the Citys total OPEB liability would be if it were calculated using healthcare cost trend rates that are 1 percentage point lower or 1 percentage point higher than the current healthcare cost trend rates: 1% Decrease inCurrent1% Increase in Healthcare CostHealthcare CostHealthcare Cost Trend RateTrend RateTrend Rate 5.20%, decreasing to 2.70%6.20%, decreasing to 3.70%7.20%, decreasing to 4.70% OPEB healthcare cost trend rate over several decadesover several decadesover several decades $ 800,472 $ 918,190 $ 1,059,927 Total OPEB liability I. OPEB Expense and Related Deferred Outflows of Resources and Deferred Inflows of Resources For the current year, the City recognized OPEB expense of $121,152. As of year-end, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: DeferredDeferred OutflowsInflows of Resourcesof Resources Contributions paid subsequent to the measurement date$ 35,162$ Deferred outflows of resources reported $35,162 related to OPEB resulting from city contributions subsequent to the measurement date that will be recognized as a reduction of the total OPEB liability in the year ending December 31, 2023. -64- Qbhf!:7!pg!623 NOTE 12 TAX INCREMENT PAY-AS-YOU-GO FINANCING REVENUE NOTES In 2007, the City, through the Port Authority TIF (the Authority) which was established under Minnesota Statutes Chapter 469.0813, entered into an agreement with 146th Street Partners, Limited Partnership (Developer) in the form of a tax incremental revenue note to stimulate economic development. The amount of the obligation is $1,500,000, and is payable to the developer solely from available tax increments collected from a specific portion of the development. Payments are scheduled through the year 2032, and carry an interest rate of 4.96 percent. The agreement is authorized through the Contract for Private Redevelopment between the Authority and Developer. The Developer pays property taxes as they become due, and since meeting the criteria established in the development agreement, is entitled to incentive payments that directly correlate to the taxes paid. The incentive is based on the repayment schedule in the tax incremental revenue note but only to the extent of available tax increment, defined as 90.00 percent of the tax increment that is received by the Authority in the six-month period immediate before each payment date. The obligation does not constitute a charge upon any funds of the City. In the event that future tax increments are not sufficient to pay off the obligation, the obligation terminates with no further liability to the City. Since the amount of future payments is contingent on the collection of future TIF increments, the obligation is not reported as a liability in the accompanying financial statements. Incentive payments for the year ended December 31, 2022 were $128,599. In 2020, the City, through the Port Authority TIF (the Authority) which was established under Minnesota Statutes Chapter 469.0813, entered into an agreement with the Morrison Project, LLC (Developer) in the form of a tax incremental revenue note to stimulate economic development. The amount of the obligation is $3,400,000, and is payable to the developer solely from available tax increments collected from a specific portion of the development. Payments are scheduled through the year 2049, and carry an interest rate of 4.35 percent. In addition, the Authority agreed to pay the Developer $600,000, with no obligation to repay, for the acquisition of the property to be developed. The agreement is authorized through the Contract for Private Redevelopment between the Authority and Developer. The Developer pays property taxes as they become due, and since meeting the criteria established in the development agreement, is entitled to incentive payments that directly correlate to the taxes paid. The incentive is based on the repayment schedule in the tax incremental revenue note but only to the extent of available tax increment, defined as 95.00 percent of the tax increment that is received by the Authority in the six-month period immediate before each payment date. The obligation does not constitute a charge upon any funds of the City. In the event that future tax increments are not sufficient to pay off the obligation, the obligation terminates with no further liability to the City. Since the amount of future payments is contingent on the collection of future TIF increments, the obligation is not reported as a liability in the accompanying financial statements. No incentive payments for the year ended December 31, 2022 were required. In 2021, the City, through the Port Authority TIF (the Authority) which was established under Minnesota Statutes Chapter 469.0813, entered into an agreement with the Home Depot U.S.A. (Developer) in the form of a tax incremental revenue note to stimulate economic development. The amount of the obligation is $670,996, and is payable to the developer solely from available tax increments collected from a specific portion of the development. Payments are scheduled through the year 2032, and carry an interest rate of 4.00 percent. The agreement is authorized through the Contract for Private Redevelopment between the Authority and Developer. The Developer pays property taxes as they become due, and since meeting the criteria established in the development agreement, is entitled to incentive payments that directly correlate to the taxes paid. The incentive is based on the repayment schedule in the tax incremental revenue note but only to the extent of available tax increment, defined as 90.00 percent of the tax increment that is received by the Authority in the six-month period immediate before each payment date. The obligation does not constitute a charge upon any funds of the City. In the event that future tax increments are not sufficient to pay off the obligation, the obligation terminates with no further liability to the City. Since the amount of future payments is contingent on the collection of future TIF increments, the obligation is not reported as a liability in the accompanying financial statements. No incentive payments for the year ended December 31, 2022 were required. -65- Qbhf!:8!pg!623 NOTE 13 COMMITMENTS AND CONTINGENCIES A. Federal and State Funding Amounts recorded or receivable from federal and state agencies are subject to agency audit and adjustment. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of claims which may be disallowed by the grantor agencies cannot be determined at this time, although the City expects such amounts, if any, to be immaterial. B. Legal Claims The City has the usual and customary type of miscellaneous legal claims pending at year-end. Although the outcome of these lawsuits is not presently determinable, the Citys management believes that the City will not incur any material monetary loss resulting from these claims. No loss has been recorded on the Citys financial statements relating to these claims. C. Tax Increment Districts The Citys tax increment districts are subject to review by the Minnesota Office of the State Auditor. Any disallowed claims or misuse of tax increments could become a liability of the applicable fund. Management has indicated that its not aware of any instances of noncompliance, which would have a material effect on the financial statements. D. Construction Contracts The City has active construction projects as of December 31, 2022. Work that has been completed on these projects, but not yet paid for (including contract retainages) is reflected as accounts payable and expenditures. The remaining amounts of commitments on signed contracts that were not yet complete as of year-end totaled $4,561,081. E. Purchase Power Commitment Solar Gardens During 2017 and 2018, the City entered into several subscription agreements with community solar garden operators to purchase the right to receive bill credits associated with energy production of the solar community garden projects. The solar capacity and energy will be produced at installations to be constructed and interconnected with the distribution facilities of Northern States Power Company d/b/a Xcel Energy. Once the solar project is operating, the City will receive bill credits against its monthly retail electrical bill from Xcel Energy. The term of the agreement is set to match the term of the power purchase agreement between Xcel Energy and each solar garden operator of 25 years from the date of commercial operations. Commercial operations commenced in 2019 for a majority of the projects. NOTE 14 SUBSEQUENT EVENTS New Accounting Standard A new standard was issued by the GASB for Subscription Based Information Technology Arrangements (SBITAs). An SBITA is a contract that conveys control of the right to use another partys IT software, alone or in combination with tangible capital assets (the underlying IT assets), as specified in the contract for a period of time in an exchange-like transaction. At the commencement of the subscription term, a government should recognize a subscription liability and an intangible right-to-use asset. This standard will be adopted by the City beginning in 2023, and will require the restatement of certain balances reported as of December 31, 2022. The effects of this change have not yet been determined and are not reflected in these financial statements. -66- Qbhf!:9!pg!623 REQUIRED SUPPLEMENTARY INFORMATION Qbhf!::!pg!623 CITY OF ROSEMOUNT Year Ended December 31, 2022 Proportionate Share of the Net Pension ProportionateLiability and Share of theProportionatePlan Fiduciary State ofShare of theShare of theNet Position State ofNet Pensionas a PERA FiscalProportionProportionateProportionateLiability as aPercentage Year-End Dateof the Net Share of theShare of theShare of thePercentage ofof the Total City Fiscal(MeasurementPensionNet PensionNet PensionNet PensionCoveredCoveredPension Year-End DateDate)LiabilityLiabilityLiabilityLiabilityPayrollPayrollLiability 12/31/201506/30/2015 0.0645% $ 3,342,725$ $ 3,342,725$ 3,896,54385.79% 78.20% 12/31/201606/30/2016 0.0653% $ 5,302,014$ 69,191$ 5,371,205$ 4,004,601132.40% 68.90% 12/31/201706/30/2017 0.0651% $ 4,155,941$ 52,248$ 4,208,189$ 4,192,64899.12% 75.90% 12/31/201806/30/2018 0.0688% $ 3,816,742$ 125,096$ 3,941,838$ 4,622,17082.57% 79.50% 12/31/201906/30/2019 0.0701% $ 3,875,672$ 120,495$ 3,996,167$ 4,937,66678.49% 80.20% 12/31/202006/30/2020 0.0725% $ 4,346,706$ 133,973$ 4,480,679$ 5,170,02784.08% 79.10% 12/31/202106/30/2021 0.0767% $ 3,275,434$ 100,098$ 3,375,532$ 5,522,89459.31% 87.00% 12/31/202206/30/2022 0.0764% $ 6,050,907$ 177,530$ 6,228,437$ 5,725,361105.69% 76.70% Schedule of City Contributions Year Ended December 31, 2022 ContributionsContributions in Relation toas a Statutorilythe StatutorilyContributionPercentage City FiscalRequiredRequiredDeficiencyCoveredof Covered Year-End DateContributionsContributions(Excess)PayrollPayroll 12/31/2015$ 292,241$ 292,241$ $ 3,896,543 7.50% 12/31/2016$ 308,184$ 308,184$ $ 4,109,750 7.50% 12/31/2017$ 331,224$ 331,224$ $ 4,417,884 7.50% 12/31/2018$ 356,724$ 356,724$ $ 4,756,318 7.50% 12/31/2019$ 397,839$ 397,839$ $ 5,303,999 7.50% 12/31/2020$ 392,643$ 392,643$ $ 5,235,241 7.50% 12/31/2021$ 410,766$ 410,766$ $ 5,476,877 7.50% 12/31/2022$ 446,310$ 446,310$ $ 5,950,809 7.50% Note:TheCityimplementedGASBStatementNo.68infiscal2015(usingaJune30,2015measurementdate).Thisscheduleisintendedtopresent 10-year trend information. Additional years will be added as they become available. -67- Qbhf!211!pg!623 CITY OF ROSEMOUNT Year Ended December 31, 2022 Proportionate Share of the Net Pension Proportionate Liability and Share of theProportionatePlan Fiduciary Share of theNet Position State ofShare of the Net Pensionas a State of ProportionateProportionateLiability as aPercentage PERA FiscalProportion Share of theShare of theShare of the Year-End Dateof the Net Percentage ofof the Total PensionNet PensionNet PensionNet Pension City Fiscal(MeasurementCoveredCoveredPension Date)LiabilityLiabilityLiabilityLiabilityPayrollPayroll Year-End DateLiability 12/31/201506/30/2015 0.2130%$ 2,420,178 $ $ 2,420,178 $ 1,984,803121.94%86.60% 12/31/201606/30/2016 0.2060%$ 8,267,138 $ $ 8,267,138 $ 1,895,019436.26%63.90% 12/31/201706/30/2017 0.2050%$ 2,767,744 $ $ 2,767,744 $ 2,107,072131.35%85.40% 12/31/201806/30/2018 0.2179%$ 2,322,590 $ $ 2,322,590 $ 2,297,620101.09%88.80% 12/31/201906/30/2019 0.2255%$ 2,400,675 $ $ 2,400,675 $ 2,381,224100.82%89.30% 12/31/202006/30/2020 0.2156%$ 2,841,839 $ 66,955 $ 2,908,794 $ 2,436,061116.66%87.20% 12/31/202106/30/2021 0.2342%$ 1,807,777 $ 81,296 $ 1,889,073 $ 2,769,79165.27%93.70% 12/31/202206/30/2022 0.2460%$ 10,704,949$ 467,749 $ 11,172,698$ 2,988,604358.19%70.50% Schedule of City Contributions Year Ended December 31, 2022 Contributions Contributions in Relation to as a Statutorilythe Statutorily ContributionPercentage RequiredDeficiencyCovered City FiscalRequiredof Covered ContributionsContributions(Excess)PayrollPayroll Year-End Date 12/31/2015$ 321,538 $ 321,538 $ $ 1,984,80316.20% 12/31/2016$ 326,037 $ 326,037 $ $ 2,012,57216.20% 12/31/2017$ 356,264 $ 356,264 $ $ 2,199,16416.20% 12/31/2018$ 384,894 $ 384,894 $ $ 2,375,89016.20% 12/31/2019$ 418,417 $ 418,417 $ $ 2,468,53816.95% 12/31/2020$ 446,860 $ 446,860 $ $ 2,524,63117.70% 12/31/2021$ 509,584 $ 509,584 $ $ 2,880,37317.69% 12/31/2022$ 552,278 $ 552,278 $ $ 3,120,21917.70% Note:TheCityimplementedGASBStatementNo.68infiscal2015(usingaJune30,2015measurementdate).Thisscheduleisintendedtopresent 10-year trend information. Additional years will be added as they become available. -68- Qbhf!212!pg!623 CITY OF ROSEMOUNT Rosemount Fire Department Relief Association Schedule of Changes in the Net Pension Liability (Asset) and Related Ratios Year Ended December 31, 2022 December 31, City fiscal year-end date20152016201720182019202020212022 Measurement date20142015201620172018201920202021 Total pension liability Service cost$ 113,354$ 116,471$ 133,433$ 136,040$ 141,612$ 135,927$ 145,421$ 153,888 Interest 125,956 137,850 148,293 167,555 164,841 158,132 161,410 162,990 Differences between expected and actual experience (76,515) (133,406) (155,156) Changes of assumptions 32,190 (68,607) 57,836 16,431 15,242 Changes of benefits terms 22,230 52,512 24,100 62,194 35,343 134,027 150,018 Benefit payments (88,394) (576,871) (170,088) (17,800) (349,664) (214,200) Net change in total pension liability 239,310 220,347 189,116 (249,176) 122,989 328,033 (48,720) 252,696 Total pension liability Beginning of year 1,985,922 2,225,232 2,445,579 2,634,695 2,385,519 2,508,508 2,836,541 2,787,821 End of year$ 2,225,232 $ 2,445,579 $ 2,634,695 $ 2,385,519 $ 2,508,508 $ 2,836,541 $ 2,787,821 $ 3,040,517 Plan fiduciary net position Contributions (state and local)$ 296,595 $ 244,269 $ 171,178 $ 170,267 $ 180,579 $ 180,583 $ 194,799 $ 200,246 Net investment income 186,351 (44,297) 271,652 502,429 (147,171) 725,014 597,195 731,187 Benefit payments (88,394) (576,871) (170,088) (17,800) (349,664) (214,200) Administrative costs (8,300) (13,285) (8,570) (8,500) (8,805) (10,280) (8,795) (9,253) Net change in plan fiduciary net position 474,646 98,293 434,260 87,325 (145,485) 877,517 433,535 707,980 Plan fiduciary net position Beginning of year 2,874,130 3,348,776 3,447,069 3,881,329 3,968,654 3,823,169 4,700,686 5,134,221 End of year$ 3,348,776 $ 3,447,069 $ 3,881,329 $ 3,968,654 $ 3,823,169 $ 4,700,686 $ 5,134,221 $ 5,842,201 Net pension liability $ (1,123,544) $ (1,001,490) $ (1,246,634) $ (1,583,135) $ (1,314,661) $ (1,864,145) $ (2,346,400) $ (2,801,684) Plan fiduciary net position as a percentage of the total pension liability150.49%140.95%147.32%166.36%152.41%165.72%184.17%192.14% TheCityimplementedGASBStatementNo.68infiscal2015(usingaDecember31,2014measurementdate).Thisscheduleisintendedtopresent10-year Note: trend information. Additional years will be added as they become available. -69- Qbhf!213!pg!623 CITY OF ROSEMOUNT Rosemount Fire Department Relief Association Schedule of City Contributions Year Ended December 31, 2022 City ContributionsNon-Employer StatutorilyContribution City FiscalDeterminedActualContributionState 2% Year-End DateContributionsContributions ExcessFire Aid 12/31/2015$ $ 109,100$ 109,100$ 135,169 12/31/2016$ $ 30,000$ 30,000$ 141,178 12/31/2017$ $ 30,000$ 30,000$ 140,267 12/31/2018$ $ 30,000$ 30,000$ 150,579 12/31/2019$ $ 30,000$ 30,000$ 150,583 12/31/2020$ $ 30,000$ 30,000$ 164,799 12/31/2021$ $ 30,000$ 30,000$ 170,246 12/31/2022$ $ 30,000$ 30,000$ 192,759 Note: TheCityimplementedGASBStatementNo.68infiscal2015.Thisscheduleisintendedtopresent10-yeartrend information. Additional years will be added as they become available. -70- Qbhf!214!pg!623 CITY OF ROSEMOUNT Other Post-Employment Benefits Plan OPEB Liability and Related Ratios Year Ended December 31, 2022 Fiscal Year City fiscal year-end date20182019202020212022 Measurement date20172018201920202021 Total OPEB liability Service cost$ 59,324$ 68,385$ 67,726$ 67,181$ 78,401 Interest 29,170 28,211 32,453 22,077 18,094 Differences between expected and actual experience (91,750) 190,990 Changes in assumptions 32,417 (28,245) (34,127) 53,502 (166,333) Benefit payments (41,850) (44,738) (45,758) (45,646) (58,520) Net change in total OPEB liability 79,061 23,613 (71,456) 97,114 62,632 727,226 806,287 829,900 758,444 855,558 $ 806,287$ 829,900$ 758,444$ 855,558$ 918,190 Covered-employee payroll$ 6,514,100$ 7,102,494$ 7,349,777$ 7,852,649 $ 8,508,385 Total OPEB liability as a percentage of covered-employee payroll12.38%11.68%10.32%10.90%10.79% Note 1: The City has not established a trust fund to finance GASB Statement No. 75-related benefits. Note 2: TheCityimplementedGASBStatementNo.75infiscal2018.Thisscheduleisintendedtopresent10-yeartrend information. Additional years will be added as they become available. -71- Qbhf!215!pg!623 CITY OF ROSEMOUNT Notesto Required Supplementary Information December 31, 2022 PERA GENERAL EMPLOYEES RETIREMENT FUND 2022 C HANGES IN A CTUARIAL A SSUMPTIONS !The mortality improvement scale was changed from Scale MP-2020 to Scale MP-2021. 2021 C HANGES IN A CTUARIAL A SSUMPTIONS !The investment return and single discount rates were changed from 7.50 percent to 6.50 percent, for financial reporting purposes. !The mortality improvement scale was changed from Scale MP-2019 to Scale MP-2020. 2020 C HANGES IN A CTUARIAL A SSUMPTIONS !The price inflation assumption was decreased from 2.50 percent to 2.25 percent. !The payroll growth assumption was decreased from 3.25 percent to 3.00 percent. !Assumed salary increase rates were changed as recommended in the June 30, 2019 experience study. The net effect is assumed rates that average 0.25 percent less than previous rates. !Assumed rates of retirement were changed as recommended in the June 30, 2019 experience study. The changes result in more unreduced (normal) retirements and slightly fewer Rule of 90 and early retirements. !Assumed rates of termination were changed as recommended in the June 30, 2019 experience study. The new rates are based on service and are generally lower than the previous rates for years two through five, and slightly higher thereafter. !Assumed rates of disability were changed as recommended in the June 30, 2019 experience study. The change results in fewer predicted disability retirements for males and females. !The base mortality table for healthy annuitants and employees was changed from the RP-2014 Table to the Pub-2010 General Mortality Table, with adjustments. The base mortality table for disabled annuitants was changed from the RP-2014 Disabled Annuitant Mortality Table to the Pub-2010 General/Teacher Disabled Annuitant Mortality Table, with adjustments. !The mortality improvement scale was changed from MP-2018 to MP-2019. !The assumed spouse age difference was changed from two years older for females to one year older. !The assumed number of married male new retirees electing the 100.00 percent joint and survivor option changed from 35.00 percent to 45.00 percent. The assumed number of married female new retirees electing the 100.00 percent joint and survivor option changed from 15.00 percent to 30.00 percent. The corresponding number of married new retirees electing the life annuity option was adjusted accordingly. 2020 C HANGES IN P LAN P ROVISIONS !Augmentation for current privatized members was reduced to 2.00 percent for the period July 1, 2020 through December 31, 2023, and zero percent thereafter. Augmentation was eliminated for privatizations occurring after June 30, 2020. -72- Qbhf!216!pg!623 CITY OF ROSEMOUNT Notesto Required Supplementary Information(continued) December 31, 2022 PERA GENERAL EMPLOYEES RETIREMENT FUND (CONTINUED) 2019 C HANGES IN A CTUARIAL A SSUMPTIONS !The mortality projection scale was changed from MP-2017 to MP-2018. 2019 C HANGES IN P LAN P ROVISIONS !The employer supplemental contribution was changed prospectively, decreasing from $31.0 million to $21.0 million per year. The scontribution was changed prospectively, requiring $16.0 million due per year through 2031. 2018 C HANGES IN A CTUARIAL A SSUMPTIONS !The mortality projection scale was changed from MP-2015 to MP-2017. !The assumed benefit increase was changed from 1.00 percent per year through 2044, and 2.50 percent per year thereafter, to 1.25 percent per year. 2018 C HANGES IN P LAN P ROVISIONS !The augmentation adjustment in early retirement factors is eliminated over a five-year period starting July 1, 2019, resulting in actuarial equivalence after June 30, 2024. !Interest credited on member contributions decreased from 4.00 percent to 3.00 percent, beginning July 1, 2018. !Deferred augmentation was changed to zero percent, effective January 1, 2019. Augmentation that has already accrued for deferred members will still apply. !Contribution stabilizer provisions were repealed. !Post-retirement benefit increases were changed from 1.00 percent per year with a provision to increase to 2.50 percent upon attainment of 90.00 percent funding ratio to 50.00 percent of the Social Security Cost of Living Adjustment, not less than 1.00 percent and not more than 1.50 percent, beginning January 1, 2019. !For retirements on or after January 1, 2024, the first benefit increase is delayed until the retiree reaches normal retirement age; does not apply to Rule of 90 retirees, disability benefit recipients, or survivors. !Actuarial equivalent factors were updated to reflect revised mortality and interest assumptions. -73- Qbhf!217!pg!623 CITY OF ROSEMOUNT Notesto Required Supplementary Information(continued) December 31, 2022 PERA GENERAL EMPLOYEES RETIREMENT FUND(CONTINUED) 2017C HANGES IN A CTUARIAL A SSUMPTIONS The Combined Service Annuity (CSA) loads were changed from 0.80 percent for active members and 60.00 percent for vested and nonvested deferred members. The revised CSA loads are now zero percent for active member liability, 15.00 percent for vested deferred member liability, and 3.00 percent for nonvested deferred member liability. The assumed post-retirement benefit increase rate was changed from 1.00 percent per year for all years, to 1.00 percent per year through 2044, and 2.50 percent per year thereafter. 2017C HANGES IN P LAN P ROVISIONS Thescontribution for the Minneapolis Employees Retirement Fund equals $16.0 million in 2017 and 2018, and $6.0 millionthereafter. The Employer Supplemental Contribution for the Minneapolis Employees Retirement Fund changed from $21.0 million to $31.0 millionin calendar years 2019 to 2031. contribution changed from $16.0 millionto $6.0 millionin calendar years 2019 to 2031. 2016C HANGES IN A CTUARIAL A SSUMPTIONS The assumed post-retirement benefit increase rate was changed from 1.00 percent per year through 2035 and 2.50 percent per year thereafter,to 1.00 percent per year for all years. The assumed investment return was changed from 7.90 percent to 7.50 percent.The single discount rate changed from 7.90 percent to 7.50 percent. Other assumptions were changed pursuant to the experience study June 30, 2015.The assumed future salary increases, payroll growth, and inflation were decreased by 0.25 percent to 3.25percent for payroll growth,and 2.50 percent for inflation. 2015C HANGES IN A CTUARIAL A SSUMPTIONS The assumed post-retirement benefit increase rate was changed from 1.00 percent per year through 2030 and 2.50 percent per year thereafter,to 1.00 percent per year through 2035,and 2.50 percent per year thereafter. 2015C HANGESIN P LAN P ROVISIONS On January 1, 2015, the Minneapolis Employees Retirement Fund was merged into the General Employees Fund, which increased the total pension liability by $1.1 billion and increasedthe fiduciary plan net position by $892.0million. Upon consolidation, state and employer contributions were revised; the s funding situation definition, was due September 2015. -74- Qbhf!218!pg!623 CITY OF ROSEMOUNT Notesto Required Supplementary Information(continued) December 31, 2022 PERA PUBLIC EMPLOYEES POLICE AND FIRE FUND 2022 C HANGES IN A CTUARIAL A SSUMPTIONS !The mortality improvement scale was changed from Scale MP-2020 to Scale MP-2021. !This single discount rate changed from 6.50 percent to 5.40 percent. 2021 C HANGES IN A CTUARIAL A SSUMPTIONS !The investment return and single discount rates were changed from 7.50 percent to 6.50 percent, for financial reporting purposes. !The inflation assumption was changed from 2.50 percent to 2.25 percent. !The payroll growth assumption was changed from 3.25 percent to 3.00 percent. !The base mortality table for healthy annuitants and employees was changed from the RP-2014 Table to the Pub-2010 Public Safety Mortality Table. The mortality improvement scale was changed from MP-2019 to MP-2020. !The base mortality table for disabled annuitants was changed from the RP-2014 Healthy Annuitant Mortality Table (with future mortality improvement according to Scale MP-2019) to the Pub-2010 Public Safety Disabled Annuitant Mortality Table (with future mortality improvement according to Scale MP-2020). !Assumed rates of salary increase were modified as recommended in the July 14, 2020 experience study. The overall impact is a decrease in gross salary increase rates. !Assumed rates of retirement were changed as recommended in the July 14, 2020 experience study. The changes result in slightly more unreduced retirements and fewer assumed early retirements. !Assumed rates of withdrawal were changed from select and ultimate rates to service-based rates. The changes result in more assumed terminations. !Assumed rates of disability were increased for ages 2544 and decreased for ages over 49. Overall, proposed rates result in more projected disabilities. !Assumed percent married for active female members was changed from 60 percent to 70 percent. Minor changes to form of payment assumptions were applied. 2020 C HANGES IN A CTUARIAL A SSUMPTIONS !The mortality projection scale was changed from MP-2018 to MP-2019. 2019 C HANGES IN A CTUARIAL A SSUMPTIONS !The mortality projection scale was changed from MP-2017 to MP-2018. -75- Qbhf!219!pg!623 CITY OF ROSEMOUNT Notesto Required Supplementary Information(continued) December 31, 2022 PERA PUBLIC EMPLOYEES POLICE AND FIRE FUND (CONTINUED) 2018 C HANGES IN A CTUARIAL A SSUMPTIONS !The mortality projection scale was changed from MP-2016 to MP-2017. 2018 C HANGES IN P LAN P ROVISIONS !Post-retirement benefit increases were changed to 1.00 percent for all years, with no trigger. !An end date of July 1, 2048 was added to the existing $9.0 million state contribution. !New annual state aid will equal $4.5 million in fiscal years 2019 and 2020, and $9.0 million thereafter, until the plan reaches 100.00 percent funding, or July 1, 2048, if earlier. !Member contributions were changed from 10.80 percent to 11.30 percent of pay, effective January 1, 2019, and 11.80 percent of pay, effective January 1, 2020. !Employer contributions were changed from 16.20 percent to 16.95 percent of pay, effective January 1, 2019, and 17.70 percent of pay, effective January 1, 2020. !Interest credited on member contributions decreased from 4.00 percent to 3.00 percent, beginning July 1, 2018. !Deferred augmentation was changed to zero percent, effective January 1, 2019. Augmentation that has already accrued for deferred members will still apply. !Actuarial equivalent factors were updated to reflect revised mortality and interest assumptions. 2017 C HANGES IN A CTUARIAL A SSUMPTIONS !Assumed salary increases were changed as recommended in the June 30, 2016 experience study. The net effect is proposed rates that average 0.34 percent lower than the previous rates. !Assumed rates of retirement were changed, resulting in fewer retirements. !The CSA load was 30.00 percent for vested and nonvested deferred members. The CSA has been changed to 33.00 percent for vested members, and 2.00 percent for nonvested members. !The base mortality table for healthy annuitants was changed from the RP-2000 Fully Generational Table to the RP-2014 Fully Generational Table (with a base year of 2006), with male rates adjusted by a factor of 0.96. The mortality improvement scale was changed from Scale AA to Scale MP-2016. The base mortality table for disabled annuitants was changed from the RP-2000 Disabled Mortality Table to the mortality tables assumed for healthy retirees. !Assumed termination rates were decreased to 3.00 percent for the first three years of service. Rates beyond the select period of three years were adjusted, resulting in more expected terminations overall. !Assumed percentage of married female members was decreased from 65.00 percent to 60.00 percent. !Assumed age difference was changed from separate assumptions for male members (wives assumed to be three years younger) and female members (husbands assumed to be four years older) to the assumption that males are two years older than females. !The assumed percentage of female members electing joint and survivor annuities was increased. !The assumed post-retirement benefit increase rate was changed from 1.00 percent for all years, to 1.00 percent per year through 2064, and 2.50 percent thereafter. !The single discount rate was changed from 5.60 percent per annum to 7.50 percent per annum. -76- Qbhf!21:!pg!623 CITY OF ROSEMOUNT Notesto Required Supplementary Information(continued) December 31, 2022 PERA PUBLIC EMPLOYEES POLICE AND FIRE FUND (CONTINUED) 2016 C HANGES IN A CTUARIAL A SSUMPTIONS !The assumed post-retirement benefit increase rate was changed from 1.00 percent per year through 2037, and 2.50 percent per year thereafter, to 1.00 percent per year for all future years. !The assumed investment return was changed from 7.90 percent to 7.50 percent. !The single discount rate changed from 7.90 percent to 5.60 percent. !The assumed future salary increases, payroll growth, and inflation were decreased by 0.25 percent to 3.25 percent for payroll growth, and 2.50 percent for inflation. 2015 C HANGES IN A CTUARIAL A SSUMPTIONS !The assumed post-retirement benefit increase rate was changed from 1.00 percent per year through 2030, and 2.50 percent per year thereafter, to 1.00 percent per year through 2037, and 2.50 percent per year thereafter. 2015 C HANGES IN P LAN P ROVISIONS !The post-retirement benefit increase to be paid after attainment of the 90.00 percent funding threshold was changed from inflation up to 2.50 percent, to a fixed rate of 2.50 percent. -77- Qbhf!221!pg!623 CITY OF ROSEMOUNT Notesto Required Supplementary Information(continued) December 31, 2022 ROSEMOUNT FIRE DEPARTMENT RELIEF ASSOCIATION 2022 C HANGES IN P LAN P ROVISIONS The lump sum benefit amount increased from $7,800 to $8,200 per year. ! 2021 C HANGES IN A CTUARIAL A SSUMPTIONS !The mortality assumptions were updated from the rates used in the July 1, 2018 Minnesota PERA Police and Fire Plan actuarial valuation to the rates used in the July 1, 2020 Minnesota PERA Police and Fire Plan actuarial valuation. !The inflation assumption decreased from 2.50 percent to 2.25 percent. 2021 C HANGES IN P LAN P ROVISIONS The lump sum benefit amount increased from $7,400 to $7,800 per year. ! 2020 C HANGES IN A CTUARIAL A SSUMPTIONS !The expected investment return and discount rate decreased from 6.00 percent to 5.75 percent to reflect updated capital market assumptions. 2020 C HANGES IN P LAN P ROVISIONS !The lump sum benefit amount increased from $7,300 to $7,400 per year. 2019 C HANGES IN A CTUARIAL A SSUMPTIONS !The expected investment return and discount rate decreased from 6.75 percent to 6.00 percent to reflect updated capital market assumptions. !The mortality, withdrawal, and disability assumptions were updated from the rates used in the July 1, 2016 Minnesota PERA Police and Fire Plan actuarial valuation. !The inflation assumption decreased from 2.75 percent to 2.50 percent. 2019 C HANGES IN P LAN P ROVISIONS !The lump sum benefit amount increased from $7,200 to $7,300 per year. 2018 C HANGES IN P LAN P ROVISIONS !The lump sum benefit amount increased from $7,100 to $7,200 per year. 2017 C HANGES IN A CTUARIAL A SSUMPTIONS !The expected investment return and discount rate increased from 5.75 percent to 6.75 percent to reflect updated capital market assumptions. -78- Qbhf!222!pg!623 CITY OF ROSEMOUNT Notesto Required Supplementary Information(continued) December 31, 2022 ROSEMOUNT FIRE DEPARTMENT RELIEF ASSOCIATION (CONTINUED) 2017 C HANGES IN P LAN P ROVISIONS !The lump sum benefit amount increased from $7,000 to $7,100 per year. 2016 C HANGES IN A CTUARIAL A SSUMPTIONS !The expected investment return and discount rate decreased from 6.00 percent to 5.75 percent to reflect updated capital market assumptions. 2016 C HANGES IN P LAN P ROVISIONS !The lump sum benefit amount increased from $6,900 to $7,000 per year. OTHER POST-EMPLOYMENT BENEFITS PLAN 2022 C HANGES IN A CTUARIAL A SSUMPTIONS !The discount rate was changed from 2.00 percent to 1.84 percent based on updated 20-year municipal bond rates. !Healthcare trend rates were reset to reflect updated cost increase expectations. !Medical per capita claims costs were updated to reflect recent experience. !Withdrawal, mortality, and salary increase rates were updated from the rates used in the July 1, 2019 PERA General Employees Plan and July 1, 2019 PERA Police and Fire Plan valuations to the rates used in the July 1, 2021 valuations. !The percent of future police and fire retirees assumed to elect coverage at retirement changed from 40 percent to 35 percent to reflect recent plan experience. !The percent of future General Employees Plan retirees assumed to elect coverage at retirement changed from 65 percent to 55 percent to reflect recent plan experience. !The inflation assumption was changed from 2.50 percent to 2.25 percent based on an updated historical analysis of inflation rates and forward-looking market expectations. 2021 C HANGES IN A CTUARIAL A SSUMPTIONS !The discount rate was changed from 2.75 percent to 2.00 percent based on updated 20-year municipal bond rates. -79- Qbhf!223!pg!623 CITY OF ROSEMOUNT Notesto Required Supplementary Information(continued) December 31, 2022 OTHER POST-EMPLOYMENT BENEFITS PLAN (CONTINUED) 2020 C HANGES IN A CTUARIAL A SSUMPTIONS !The discount rate was changed from 3.71 percent to 2.75 percent based on updated 20-year municipal bond rates. !Healthcare trend rates were reset to reflect updated cost increase expectations, including the -cost health insurance plans. !Medical per capita claims costs were updated to reflect recent experience, including an adjustment to reflect age/gender-based risk scores published by the Society of Actuaries. !Salary increase rates were updated from the July 1, 2017 PERA of Minnesota General Employees and Police and Fire actuarial valuations to the rates used in the July 1, 2019 valuations. !Mortality rates were updated from the RP-2014 headcount-weighted tables to the rates used in the July 1, 2019 PERA of Minnesota General Employees and Police and Fire actuarial valuations to reflect recently-published mortality rates. !Coverage elections and assumed retirement ages were updated for police and non-police employees to reflect recent plan experience. 2019 C HANGES IN A CTUARIAL A SSUMPTIONS !The discount rate was changed from 3.31 percent to 3.71 percent based on updated 20-year municipal bond rates. 2018 C HANGES IN A CTUARIAL A SSUMPTIONS !The discount rate was changed from 3.78 percent to 3.31 percent based on updated 20-year municipal bond rates. -80- Qbhf!224!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!225!pg!623 SUPPLEMENTARY INFORMATION Qbhf!226!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!227!pg!623 NONMAJOR SPECIAL REVENUE FUNDS The City reports the following nonmajor governmental funds: Special Revenue Funds Special revenue funds are used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditures for specified purposes (other than debt service or capital projects). !PEG Fees Fund !Fire Safety Education Fund !DUI Forfeiture Fund !GIS Fund !Port Authority General Fund !Traffic Safety Program Fund !TIF Spending Plan Fund Qbhf!228!pg!623 CITY OF ROSEMOUNT Nonmajor Special Revenue Funds Combining Balance Sheet as of December 31, 2022 Fire SafetyDUI PEG FeesEducationForfeitureGIS Assets Cash and investments$ 122,871$ 3,799$ 100,487$ 183,982 Receivables Accounts6,029 Interest46214378693 Prepaid items Total assets$ 129,362$ 3,813$ 100,865$ 184,675 Liabilities Accounts and contracts payable$ 72$ $ 10,453$ Accrued salaries and employee benefits payable Deposits payable 7,800 Total liabilities 72 18,253 Fund balances Nonspendable Restricted 129,290 82,612 Committed 3,813 184,675 Total fund balances 129,290 3,813 82,612 184,675 Total liabilities and fund balances$ 129,362$ 3,813$ 100,865$ 184,675 -81- Qbhf!229!pg!623 PortTrafficTIF AuthoritySafetySpending GeneralProgramPlanTotal $ 547,624$ $ 2,724,035$ 3,682,798 6,029 1,497 3,044 4,001 4,001 $ 553,122$ $ 2,724,035$ 3,695,872 $ 3,118$ $ $ 13,643 1,309 1,309 7,800 4,427 22,752 4,001 4,001 2,724,035 2,935,937 544,694 733,182 548,695 2,724,035 3,673,120 $ 553,122$ $ 2,724,035$ 3,695,872 -82- Qbhf!22:!pg!623 CITY OF ROSEMOUNT Nonmajor Special Revenue Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Year Ended December 31, 2022 Fire SafetyDUI PEG FeesEducationForfeitureGIS Revenues Taxes$ 25,663$ $ $ Intergovernmental Public charges for services 66,802 Investment earnings2,629841,8673,733 Other 608 Donations/contributions 57,317 Total revenues 28,292 84 59,792 70,535 Expenditures Current Public safety 28,445 Culture, education, and recreation10,346 Conservation and economic development Total expenditures 10,346 28,445 Excess of revenues over expenditures 17,946 84 31,347 70,535 Other financing sources (uses) Transfers in 62,969 Transfers out (11,704) Total other financing sources (uses) 51,265 Net change in fund balances 17,946 84 82,612 70,535 Fund balances Beginning of year111,3443,729 114,140 End of year$ 129,290$ 3,813$ 82,612$ 184,675 -83- Qbhf!231!pg!623 PortTrafficTIF AuthoritySafetySpending GeneralProgramPlanTotal $ 170,900$ $ $ 196,563 180,221 180,221 118,005 184,807 8,101 4,035 20,449 2,880 3,488 57,317 299,886 180,221 4,035 642,845 180,221 208,666 10,346 270,116 270,116 270,116 180,221 489,128 29,770 4,035 153,717 2,720,000 2,782,969 (11,704) 2,720,000 2,771,265 29,770 2,724,035 2,924,982 518,925 748,138 $ 548,695$ $ 2,724,035$ 3,673,120 -84- Qbhf!232!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!233!pg!623 BUDGETARY COMPARISON SCHEDULES Building CIP Capital Project Sub-Fund Street CIP Capital Project Sub-Fund Equipment CIP Capital Project Sub-Fund Qbhf!234!pg!623 CITY OF ROSEMOUNT Building CIP Capital Project Sub-Fund Budgetary Comparison Schedule Year Ended December 31, 2022 Original andOver (Under) Final BudgetActualFinal Budget Revenues Public charges for service$ 1,300,000$ 2,053,617$ 753,617 Investment earnings (charges) 25,000(237,948) (262,948) Total revenues 1,325,000 1,815,669 490,669 Expenditures Current General government 2,5002,500 Capital outlay 525,000867,204 342,204 Total expenditures 527,500 869,704 342,204 Net change in fund balances$ 797,500 945,965$ 148,465 Fund balances Beginning of year4,929,332 End of year$ 5,875,297 -85- Qbhf!235!pg!623 CITY OF ROSEMOUNT Street CIP Capital Project Sub-Fund Budgetary Comparison Schedule Year Ended December 31, 2022 Original andOver (Under) Final BudgetActualFinal Budget Revenues Taxes$ 931,361$ 931,361$ Public charges for service 125,000125,000 Special assessments 150,000445,800 295,800 Investment earnings (charges) 26,000(74,540) (100,540) Other 256 256 Total revenues 1,232,361 1,427,877 195,516 Expenditures Current General government 2,5002,500 Capital outlay 1,225,000197,459 (1,027,541) Total expenditures 1,227,500 199,959 (1,027,541) Excess of revenues over expenditures 4,861 1,227,918 1,223,057 Other financing sources (uses) Transfers in 2,972,064 2,972,064 Transfers out (1,032,821) (1,032,821) Total other financing sources (uses) 1,939,2431,939,243 Net change in fund balances$ 4,861 3,167,161$ 3,162,300 Fund balances Beginning of year2,680,602 End of year$ 5,847,763 -86- Qbhf!236!pg!623 CITY OF ROSEMOUNT Equipment CIP Capital Project Sub-Fund Budgetary Comparison Schedule Year Ended December 31, 2022 Original andOver (Under) Final BudgetActualFinal Budget Revenues Taxes$ 626,512$ 809,712$ 183,200 Investment earnings 10,50011,903 1,403 Other 1,919 1,919 Total revenues 637,012 823,534 186,522 Expenditures Current General government 2,5002,500 Capital outlay 874,060909,063 35,003 Debt service Principal retirement 101,200326,775 225,575 Interest and fiscal charges 52,00047,036 (4,964) Total expenditures 1,029,760 1,285,374 255,614 Excess (deficiency) of revenues over expenditures (392,748) (461,840) (69,092) Other financing sources Issuance of debt 176,175 176,175 Sale of capital assets 160,00073,014 (86,986) Transfers in 33,488 (33,488) Total other financing sources 193,488 249,189 55,701 Net change in fund balances$ (199,260) (212,651) $ (13,391) Fund balances Beginning of year732,755 End of year$ 520,104 -87- Qbhf!237!pg!623 NONMAJOR ENTERPRISE FUNDS The City reports the following nonmajor enterprise funds: Enterprise Funds Enterprise funds may be used to report any activity for which a fee is charged to external users for goods or services, and must be used for activities which meet certain debt or cost recovery criteria. !The Street Lighting Fund accounts for the activities of the Citys street lighting operations. !The Arena Fund accounts for the activities of the Citys ice arena operations. Qbhf!238!pg!623 CITY OF ROSEMOUNT Nonmajor Enterprise Funds Combining Statement of Net Position as of December 31, 2022 Street LightingArenaTotal Assets Current assets Cash and investments$ 86,194$ 580,694$ 666,888 Receivables Accounts48,68154,663 103,344 Interest3242,184 2,508 Special assessments7,582 7,582 Prepaid items 14,350 14,350 Total current assets 142,781 651,891 794,672 Noncurrent assets Capital assets Buildings 2,453,200 2,453,200 Machinery and equipment 187,627 187,627 Less accumulated depreciation/amortization (1,466,132) (1,466,132) Total capital assets 1,174,695 1,174,695 Total assets 142,7811,826,586 1,969,367 Deferred outflows of resources 59,099 59,099 OPEB plan deferments 700 700 Total deferred outflows of resources 59,799 59,799 Total assets and deferred outflows of resources$ 142,781$ 1,886,385$ 2,029,166 Liabilities Current liabilities Accounts and contracts payable$ 21,025$ $ 21,025 Accrued salaries and employee benefits payable 5,404 5,404 17,064 17,064 Total current liabilities 21,025 22,468 43,493 Noncurrent liabilities Compensated absences payable 18,486 18,486 188,788 188,788 Total OPEB liability 18,272 18,272 Total noncurrent liabilities 225,546 225,546 Total liabilities 21,025 248,014 269,039 Deferred inflows of resources 3,043 3,043 Net position Investment in capital assets 1,174,695 1,174,695 Unrestricted 121,756 460,633 582,389 Total net position 121,756 1,635,328 1,757,084 Total liabilities, deferred inflows of resources, and net position$ 142,781$ 1,886,385$ 2,029,166 -88- Qbhf!239!pg!623 CITY OF ROSEMOUNT Nonmajor Enterprise Funds Combining Statement of Revenues, Expenses, and Changes in Fund Net Position Year Ended December 31, 2022 Street LightingArenaTotal Operating revenues Charges for services$ 275,526$ 468,363$ 743,889 Surcharges and penalties1,674 1,674 Total operating revenues 277,200 468,363 745,563 Operating expenses Personal services 286,010 286,010 Supplies 21,835 21,835 Professional services and charges 63,988 63,988 Other services and charges258,002228,356 486,358 Depreciation/amortization 62,337 62,337 Total operating expenses 258,002 662,526 920,528 Operating income (loss) 19,198 (194,163) (174,965) Nonoperating revenue (expenses) Intergovernmental 827 827 Investment earnings 1,98012,992 14,972 Gain (loss) on sale of capital assets (6,548) (6,548) Total nonoperating revenue (expenses) 1,980 7,271 9,251 Income (loss) before contributions and transfers 21,178 (186,892) (165,714) Capital contributions, including special assessments7,492 7,492 Transfers in 130,000 130,000 Transfers out (3,500) (3,500) Change in net position 28,670 (60,392) (31,722) Net position Beginning of year93,086 1,695,720 1,788,806 End of year$ 121,756$ 1,635,328$ 1,757,084 -89- Qbhf!23:!pg!623 CITY OF ROSEMOUNT Nonmajor Enterprise Funds Combining Statement of Cash Flows Year Ended December 31, 2022 Street LightingArenaTotal Cash flows from operating activities Cash received from customers$ 271,413$ 492,870$ 764,283 Cash payments to suppliers (254,337) (322,038) (576,375) Cash payments to employees for services (266,036) (266,036) Net cash flows from operating activities 17,076 (95,204) (78,128) Cash flows from noncapital financing activities Intergovernmental 827 827 Transfers in 130,000 130,000 Transfers out (3,500) (3,500) Net cash flows from noncapital financing activities 127,327 127,327 Cash flows from capital and related financing activities Capital contributions 7,492 7,492 Cash flows from investing activities Interest and changes in fair value on investments 1,656 10,808 12,464 Net increase in cash and cash equivalents 26,224 42,931 69,155 Cash and cash equivalents Beginning of year 59,970 537,763 597,733 End of year$ 86,194$ 580,694$ 666,888 Reconciliation of operating income (loss) to net cash flows from operating activities Operating income (loss) $ 19,198$ (194,163)$ (174,965) Adjustments to reconcile operating income (loss) to net cash flows from operating activities Depreciation/amortization 62,337 62,337 Change in assets, deferred outflows of resources, liabilities, and deferred inflows of resources Accounts and special assessments receivable (5,787) 24,507 18,720 Prepaid items (7,859) (7,859) Accounts and contracts payable 3,665 3,665 Accrued salaries and employee benefits payable 1,183 1,183 Compensated absences payable 3,947 3,947 Pension-related deferrals and liabilities 13,372 13,372 OPEB-related deferrals and liabilities 1,472 1,472 Total adjustments (2,122) 98,959 96,837 Net cash flows from operating activities$ 17,076$ (95,204)$ (78,128) -90- Qbhf!241!pg!623 STATISTICAL SECTION (UNAUDITED) Qbhf!242!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!243!pg!623 STATISTICAL TABLES (UNAUDITED) This part of the Citys Annual Comprehensive Financial Report (ACFR) presents detailed information as a context for understanding this years financial statements, note disclosures, and supplementary information. This information has not been audited by the independent auditor. The contents of the statistical section include: Financial Trends These tables contain trend information that may assist the reader in assessing the Citys current financial performance by placing it in historical perspective. Revenue Capacity These tables contain information to assist the reader in assessing the Citys most significant local revenue sourceproperty taxes. Debt Capacity These tables present information that may assist the reader in analyzing the affordability of the Citys current levels of outstanding debt and the Citys ability to issue additional debt in the future. Demographic and Economic Information These tables offer economic and demographic indicators that are commonly used for financial analysis and that can assist the reader in understanding the Citys present and ongoing financial status. Operating Information These tables contain service and infrastructure indicators that can assist the reader in understanding how the information in the Citys financial report relates to the services the City provides and the activities it performs. Source Unless otherwise noted, the information in these tables is derived from ACFR for the relevant year. Qbhf!244!pg!623 CITY OF ROSEMOUNT Net Position by Component Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year 2013201420152016 Governmental activities Net investment in capital assets$ 57,746,938$ 58,438,402$ 64,684,403$ 69,942,544 Restricted 7,148,774 9,698,513 9,638,141 7,113,065 Unrestricted 15,883,105 17,913,535 13,031,913 13,100,682 Total governmental activities net position$ 80,778,817$ 86,050,450$ 87,354,457$ 90,156,291 Business-type activities Net investment in capital assets$ 95,770,585$ 98,194,408$ 96,808,557$ 98,722,624 Unrestricted 18,591,663 19,348,437 20,376,753 21,739,120 Total business-type activities net position$ 114,362,248$ 117,542,845$ 117,185,310$ 120,461,744 Primary government Net investment in capital assets$ 153,517,523$ 156,632,810$ 161,492,960$ 168,665,168 Restricted 7,148,774 9,698,513 9,638,141 7,113,065 Unrestricted 34,474,768 37,261,972 33,408,666 34,839,802 Total primary government net position$ 195,141,065$ 203,593,295$ 204,539,767$ 210,618,035 Note:TheCityimplementedGASBStatementNo.68infiscal2015,recordingachangeinaccountingprinciplethat decreased unrestricted net position. Prior year balances were not restated. -91- Qbhf!245!pg!623 201720182019202020212022 $ 74,294,033$ 80,094,490$ 85,993,734$ 89,980,056$ 93,890,840$ 92,676,025 7,151,722 8,108,470 6,255,555 6,372,033 7,888,401 7,654,670 14,090,028 14,596,678 18,205,045 24,068,714 24,881,502 27,945,657 $ 95,535,783$ 102,799,638$ 110,454,334$ 120,420,803$ 126,660,743$ 128,276,352 $ 97,328,281$ 97,977,645$ 98,007,299$ 99,300,829$ 102,152,720$ 114,082,422 23,521,090 26,994,489 28,881,892 32,661,481 37,150,043 43,725,821 $ 120,849,371$ 124,972,134$ 126,889,191$ 131,962,310$ 139,302,763$ 157,808,243 $ 171,622,314$ 178,072,135$ 184,001,033$ 189,280,885$ 196,043,560$ 206,758,447 7,151,722 8,108,470 6,255,555 6,372,033 7,888,401 7,654,670 37,611,118 41,591,167 47,086,937 56,730,195 62,031,545 71,671,478 $ 216,385,154$ 227,771,772$ 237,343,525$ 252,383,113$ 265,963,506$ 286,084,595 -92- Qbhf!246!pg!623 CITY OF ROSEMOUNT Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year 2013201420152016 Expenses Governmental activities General government$ 2,583,271$ 2,961,500$ 2,878,070$ 4,426,817 Public safety 4,051,642 4,233,610 4,378,347 5,629,866 Public works 5,448,047 5,764,176 4,468,049 4,765,115 Culture, education, and recreation 1,586,449 1,613,600 1,643,886 1,959,224 Conservation and economic development 3,267 1,032,304 53,040 3,968 Interest and fiscal charges 517,067 501,682 569,722 476,121 Total governmental activities expenses$ 14,189,743$ 16,106,872$ 13,991,114$ 17,261,111 Business-type activities Water$ 1,903,275$ 1,962,833$ 2,219,781$ 2,075,460 Sewer 2,425,486 2,522,913 2,575,330 2,742,402 Storm water 989,574 1,122,839 1,117,526 1,228,697 Street lighting Arena 578,345 493,943 497,838 510,968 Total business-type activities 5,896,680 6,102,528 6,410,475 6,557,527 Total primary government expenses$ 20,086,423$ 22,209,400$ 20,401,589$ 23,818,638 Program revenues Governmental activities Charges for services General government$ 2,465,695$ 3,202,744$ 3,182,769$ 3,128,969 Public safety 139,432 146,973 151,168 150,571 Public works 53,813 59,417 99,060 54,893 Culture, education, and recreation 342,100 571,222 728,567 392,102 Operating grants and contributions 20,631 General government 263,805 283,095 406,657 547,505 Public safety 32,790 53,515 41,235 41,235 Public works 6,241 3,736 7,347 2,617 Culture, education, and recreation 20,635 22,536 23,000 24,000 Conservation and economic development Capital grants and contributions General government 1,988,610 Public safety 18,131 3,918 Public works 3,967,849 4,318,692 1,650,864 3,170,374 Culture, education, and recreation 419 Conservation and economic development 322,808 740,660 287,090 7,000 Total governmental activities program revenues$ 7,615,168$ 11,409,331$ 6,577,757$ 7,544,234 -93- Qbhf!247!pg!623 201720182019202020212022 $ 3,859,090$ 3,605,197$ 3,826,860$ 4,972,215$ 4,103,373$ 2,971,915 5,170,637 5,235,993 5,332,313 5,259,828 5,921,296 7,327,325 5,822,738 5,163,908 5,692,171 7,089,996 8,598,676 10,471,901 2,042,299 2,119,418 2,217,403 1,982,191 2,282,462 2,786,447 4,315 61,637 56,611 1,160,449 167,994 1,521,954 308,567 295,431 281,999 241,623 256,608 195,474 $ 17,207,646$ 16,481,584$ 17,407,357$ 20,706,302$ 21,330,409$ 25,275,016 $ 2,175,626$ 2,156,694$ 2,845,741$ 2,381,646$ 2,435,714$ 2,370,105 2,837,550 3,029,482 3,053,021 3,309,194 3,248,320 3,430,121 1,275,073 1,330,580 1,732,753 1,935,245 1,977,377 1,680,565 193,114 206,117 258,002 484,903 659,827 550,487 501,011 540,369 669,074 6,773,152 7,176,583 8,182,002 8,320,210 8,407,897 8,407,867 $ 23,980,798$ 23,658,167$ 25,589,359$ 29,026,512$ 29,738,306$ 33,682,883 $ 3,286,273$ 4,226,249$ 3,915,953$ 4,083,135$ 4,643,537$ 5,094,283 134,893 136,077 149,992 109,511 155,462 169,726 100,038 107,057 153,036 138,741 215,879 243,398 779,541 1,321,699 1,151,077 1,374,009 1,420,951 1,847,556 1,509 2,301 5,629 366,654 384,207 418,138 383,354 551,252 792,616 42,495 42,960 300,431 330,711 315,579 367,217 1,337 3,326 410 2,710 3,659 48,709 25,000 30,263 30,263 38,339 46,109 155,122 6,358 16,632 11,846 18,553 3,538,480 4,819,520 3,925,601 8,022,818 4,885,404 8,271,736 293 250,973 2,777 155,223 15,000 33,629 600 1,200 1,200 1,200 1,500 $ 8,316,500$ 11,339,563$ 10,060,724$ 14,658,304$ 12,241,333$ 17,012,492 -94- (continued) Qbhf!248!pg!623 CITY OF ROSEMOUNT Changes in Net Position (continued) Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year 2013201420152016 Program revenues (continued) Business-type activities Chares for services Water$ 2,167,709$ 2,379,147$ 2,552,123$ 2,692,740 Sewer 1,716,022 1,733,646 1,873,687 1,996,130 Storm water 1,061,632 1,350,259 1,544,158 1,387,817 Street lighting Arena 376,058 392,631 408,874 430,103 Operating grants and contributions Water 9,901 24,248 Sewer operations Storm water 19,680 Arena Capital grants and contributions Water 371,582 180,568 75,622 1,041,806 Sewer operations 83,484 98,863 85,848 1,153,536 Storm water 648,297 193,402 42,708 989,073 Street lighting Total business-type activities program revenues 6,424,784 6,358,097 6,583,020 9,715,453 Total primary government program revenues$ 14,039,952$ 17,767,428$ 13,160,777$ 17,259,687 Net (expense) revenue Governmental activities$ (6,574,575)$ (4,697,541) $ (7,413,357)$ (9,716,877) Business-type activities 528,104 255,569 172,545 3,157,926 Total primary government net expense$ (6,046,471)$ (4,441,972) $ (7,240,812)$ (6,558,951) General revenues and other changes in net position Governmental activities Taxes$ 10,759,616$ 10,992,756$ 11,185,420$ 11,442,397 Tax increments 660,130 646,636 720,963 764,268 Unrestricted intergovernmental revenues (336,187) 540,887 179,966 122,731 Investment earnings (charges) 12,883 7,328 Gain (loss) on the sale of assets 116,123 103,615 104,237 103,394 Other (1,267,033) (2,314,720) (31,534) 85,921 Transfers Total governmental activities 9,945,532 9,969,174 12,166,380 12,518,711 Business-type activities (181,894) 610,308 247,698 204,429 Investment earnings (charges) Transfers 1,267,033 2,314,720 31,534 (85,921) Total business-type activities 1,085,139 2,925,028 279,232 118,508 Total primary government 11,030,671 12,894,202 12,445,612 12,637,219 Change in net position Governmental activities 3,370,957 5,271,633 4,753,023 2,801,834 Business-type activities 1,613,243 3,180,597 451,777 3,276,434 Total primary government$ 4,984,200$ 8,452,230$ 5,204,800$ 6,078,268 -95- Qbhf!249!pg!623 201720182019202020212022 $ 3,041,642$ 3,567,275$ 3,301,002$ 4,438,036$ 5,093,320$ 5,859,588 2,126,7712,351,9862,425,5483,004,9013,217,7513,631,564 1,693,8451,981,3121,757,7472,553,7472,750,8263,693,256 246,554235,641277,200 441,059448,445437,842312,742443,353468,363 84,04258,4117206,3023,34811,489 7129265931,990 2,5213,28957434,612 314343254827 216,454402,788635,944230,9051,361,3591,389,535 204,114417,279483,220599,0161,278,4633,818,076 210,802525,3051,012,992611,8621,604,6031,822,082 3,6206,4737,492 8,018,7299,752,80110,058,56212,012,24315,996,55821,016,074 $16,335,229$21,092,364$20,119,286$26,670,547$28,237,891$38,028,566 $ (8,891,146)$ (5,142,021)$ (7,346,633)$ (6,047,998)$ (9,089,076)$ (8,262,524) 1,245,5772,576,2181,876,5603,692,0337,588,66112,608,207 $ (7,645,569)$ (2,565,803)$ (5,470,073)$ (2,355,965)$ (1,500,415)$ 4,345,683 $11,851,837$12,266,224$12,699,478$13,397,823$13,914,510$14,405,184 832,533863,105865,476959,5861,076,6471,138,526 1,833,9332,756,805 287,393328,692667,734495,367(46,924)(1,104,124) 33,78325,155 171,29489,67279,69449,133161,86390,371 1,127,581(1,141,817)655,164(746,530)222,920(7,408,629) 14,270,63812,405,87615,001,32916,014,46715,329,0169,878,133 269,631404,728695,661634,556(25,288)(1,511,356) (1,127,581)1,141,817(655,164)746,530(222,920)7,408,629 (857,950)1,546,54540,4971,381,086(248,208)5,897,273 13,412,68813,952,42115,041,82617,395,55315,080,80815,775,406 5,379,4927,263,8557,654,6969,966,4696,239,9401,615,609 387,6274,122,7631,917,0575,073,1197,340,45318,505,480 $ 5,767,119$11,386,618$ 9,571,753$15,039,588$13,580,393$20,121,089 -96- Qbhf!24:!pg!623 CITY OF ROSEMOUNT Fund Balances of Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 2013201420152016 General Fund Nonspendable$ 67,266$ 66,238$ 69,348$ Assigned 2,292,257 2,808,794 2,981,632 2,969,701 Unassigned 6,001,628 6,288,615 6,506,697 6,918,833 Total General Fund$ 8,361,151$ 9,163,647$ 9,557,677$ 9,888,534 All other governmental funds Nonspendable $ 10,000$ 10,549$ 10,606$ 10,113 Restricted 5,601,198 7,986,477 11,380,258 9,301,251 Committed 214,031 290,834 190,941 181,276 Assigned 6,243,406 7,330,501 6,923,755 8,397,771 Total all other governmental funds$ 12,068,635$ 15,618,361$ 18,505,560$ 17,890,411 Total all funds$ 20,429,786$ 24,782,008$ 28,063,237$ 27,778,945 -97- Qbhf!251!pg!623 201720182019202020212022 $ $ 33,484$ $ $ $ 44,016 2,222,507 2,458,337 2,665,850 4,150,243 3,575,041 3,465,566 7,333,743 7,503,588 7,893,190 8,143,687 9,129,028 8,815,419 $ 9,556,250$ 9,995,409$ 10,559,040$ 12,293,930$ 12,704,069$ 12,325,001 $ 444$ 548$ 529$ 455$ 2,267$ 4,001 4,854,162 5,375,931 4,921,523 4,563,428 4,666,788 4,959,849 230162 223,619 517,102 590,017 634,527 733,182 10,804,425 11,300,057 13,856,932 17,844,916 16,180,855 20,015,043 $ 15,889,193$ 16,900,155$ 19,296,086$ 22,998,816$ 21,484,437$ 25,712,075 $ 25,445,443$ 26,895,564$ 29,855,126$ 35,292,746$ 34,188,506$ 38,037,076 -98- Qbhf!252!pg!623 CITY OF ROSEMOUNT Changes in Fund Balances of Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 2013201420152016 Revenues Taxes $ 10,514,617$ 10,747,756$ 10,940,420$ 11,167,397 Tax increments 660,130 646,636 720,963 794,268 Intergovernmental 2,288,281 2,509,924 882,930 674,220 Public charges for services 2,370,562 3,132,556 3,352,219 2,826,231 Licenses and permits 522,131 730,765 694,765 792,557 Fines and forfeits 106,617 116,384 114,580 108,561 Special assessments 1,539,059 2,123,199 2,368,403 1,035,044 Investment earnings and other 650,402 3,135,395 1,240,234 508,130 Total revenues 18,651,799 23,142,615 20,314,514 17,906,408 Expenditures Current General government 1,619,099 1,857,156 1,904,014 2,009,570 Public safety 3,632,212 3,762,826 4,014,411 4,072,189 Public works 3,285,257 3,192,487 2,957,952 3,005,419 Culture, education, and recreation 1,321,946 1,304,867 1,298,271 1,516,720 Conservation and economic development 887,430 1,271,493 937,761 967,948 Capital outlay 7,628,944 9,470,432 6,831,658 5,087,107 Debt service Principal 1,545,000 1,580,000 3,470,000 2,165,000 Interest and fiscal charges 511,526 508,605 573,607 495,638 Total expenditures 20,431,414 22,947,866 21,987,674 19,319,591 Excess (deficiency) of revenues over expenditures (1,779,615) 194,749 (1,673,160) (1,413,183) Other financing sources (uses) Issuance of debt 1,500,000 2,400,000 4,680,000 Premium on debt issued 180,637 Payment of refunded debt Sale of capital assets 3,627 348,335 69,578 407,581 Transfers in 1,330,491 1,908,755 1,008,893 851,403 Transfers out (441,987) (499,617) (984,809) (130,093) Total other financing sources (uses) 2,392,131 4,157,473 4,954,299 1,128,891 Net change in fund balances$ 612,516$ 4,352,222$ 3,281,139$ (284,292) Debt service as a percentage of noncapital expenditures16.1%15.5%26.7%18.7% -99- Qbhf!253!pg!623 201720182019202020212022 $ 13,505,741$ 13,948,046 $ 11,591,837$ 11,986,223$ 12,319,478$ 12,972,824 1,076,647 1,138,526 832,533 863,105 865,476 959,586 943,105 6,657,974 1,216,200 1,570,847 3,130,311 4,965,309 4,919,011 5,984,786 3,457,253 4,811,376 4,309,059 4,545,981 1,374,330 1,380,855 741,243 884,165 925,938 1,098,631 86,802 97,024 101,327 94,281 109,083 75,452 1,327,324 1,184,338 718,051 1,895,665 639,203 2,742,173 1,546,665 1,886,005 1,966,868 2,912,156 1,301,910 2,034,262 20,205,109 23,991,667 24,265,416 30,272,112 24,534,870 32,425,811 2,211,340 2,051,296 2,173,466 3,073,849 2,404,411 2,422,438 4,306,808 4,651,700 4,702,502 4,954,705 5,825,736 6,207,003 4,395,373 3,125,886 3,825,266 3,861,369 3,957,642 4,240,019 1,546,723 1,663,618 1,752,993 1,534,088 1,746,798 2,054,552 1,042,468 1,163,973 1,186,112 1,884,516 1,368,915 1,437,394 5,422,617 9,276,566 7,112,935 10,302,698 10,849,802 11,172,883 2,240,000 1,426,727 1,567,033 1,729,931 1,197,325 1,261,775 384,544 337,407 324,042 291,068 300,152 238,907 21,549,873 23,697,173 22,644,349 27,632,224 27,650,781 29,034,971 (1,344,764) 294,494 1,621,067 2,639,888 (3,115,911) 3,390,840 1,055,000 1,111,848 166,131 1,182,844 300,222 176,175 61,287 83,871 (3,275,000) 42,394 68,130 269,903 144,594 92,443 73,014 1,743,745 226,703 1,273,584 1,738,582 1,749,006 6,406,073 (616,164) (334,925) (371,123) (268,288) (130,000) (6,197,532) (988,738) 1,155,627 1,338,495 2,797,732 2,011,671 457,730 $ (2,333,502)$ 1,450,121$ 2,959,562$ 5,437,620$ (1,104,240)$ 3,848,570 16.3%12.2%12.2%11.7%7.9%8.2% -100- Qbhf!254!pg!623 CITY OF ROSEMOUNT Tax Capacity Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years Commercial/ Industrial,Less Public Utility,Captured PayableResidentialRailroads, andAgriculturalTax Increment YearPropertyPersonal PropertyApartmentsPropertyTax Capacity 2013$ 14,623,324$ 6,332,653$ 425,243$ 423,831$ (568,507) 2014 15,343,175 6,461,193 429,162 453,593 (572,445) 2015 17,060,986 6,524,555 432,830 485,331 (700,911) 2016 18,556,869 6,750,576 439,562 472,228 (787,267) 2017 19,796,192 7,047,420 554,489 477,044 (850,929) 2018 21,114,107 7,310,391 648,226 487,076 (932,688) 2019 22,783,981 7,748,234 663,731 526,943 (973,157) 2020 24,952,114 7,896,314 720,361 523,763 (1,110,017) 2021 26,853,788 8,422,200 790,874 549,661 (1,291,286) 2022 28,559,326 8,461,890 893,465 574,297 (1,392,302) Note:Thetaxcapacity(assessedtaxablevalue)ofthepropertyiscalculatedbyapplyingastatutoryformulatothe estimated market value of the property. Source: Dakota County -101- Qbhf!255!pg!623 LessPlusEstimatedTax Capacity ContributionsDistributionsTotal NetTotal DirectActualValue as a to FiscalFrom FiscalTax CapacityTax CapacityTaxablePercentage of Disparities PoolDisparities PoolValueRateValueActual Value $ (2,358,171)$ 2,628,958$ 21,507,331 48.862$ 1,866,877,179 1.15% (2,371,175) 2,473,363 22,216,866 47.676 1,948,614,357 1.14 (2,418,196) 2,458,678 23,843,273 45.152 2,127,597,965 1.12 (2,446,807) 2,483,763 25,468,924 43.149 2,287,080,004 1.11 (2,515,404) 2,723,425 27,232,237 41.832 2,434,763,942 1.12 (2,654,383) 2,955,189 28,927,918 40.961 2,589,101,527 1.12 (2,760,359) 3,186,770 31,176,143 39.355 2,782,042,325 1.12 (2,900,702) 3,460,783 33,542,616 38.580 3,007,550,443 1.12 (2,949,134) 3,787,267 36,163,370 36.954 3,230,193,428 1.12 (3,180,320) 4,044,531 37,960,887 36.949 3,413,351,588 1.11 -102- Qbhf!256!pg!623 CITY OF ROSEMOUNT Property Tax Rates (1) Direct and Overlapping Governments Last Ten Fiscal Years Total City Direct Rates (2)Overlapping Rates (3) Direct Other Overlapping FiscalDebtTotalDakotaIndependent School DistrictSpecial ServiceCountyNo. 196No. 199No. 200DistrictsTax Rate YearOperatingCity 2013 48.862 48.862 33.421 27.956 27.556 23.932 5.884 116.123 2014 47.676 47.676 31.827 27.606 33.418 23.052 5.538 112.647 2015 45.152 45.152 29.633 23.271 34.864 20.965 5.033 103.089 2016 43.149 43.149 28.570 24.317 30.272 20.938 5.063 101.099 2017 41.832 41.832 28.004 23.336 28.572 20.305 4.907 98.079 2018 40.961 40.961 26.580 21.352 26.680 20.545 4.307 93.200 2019 39.355 39.355 25.386 20.613 26.537 19.079 4.227 89.581 2020 38.580 38.580 24.133 19.860 22.896 17.924 4.030 86.603 2021 36.954 36.954 22.716 20.046 23.368 16.757 3.802 83.518 2022 36.949 36.949 21.630 19.971 22.296 16.214 3.729 82.279 (1)Informationreflectstotaltaxratesleviedbyeachentity.TaxratesareexpressedintermsoftaxAtax capacityisdeterminedbymultiplyingitstaxablemarketvaluebyastatedeterminedclassrate.Classratesvarybypropertytype and change periodically based on state legislation. (2)DakotaCountynolongerprovidesabreakdownbetweenoperatinganddebtservicetaxratesbeginningin2020,prioryearrates were not readily available. (3)OverlappingratesarethoseoflocalandcountygovernmentsthatapplytopropertyownerswithintheCity.Notalloverlapping Source: Dakota County -103- Qbhf!257!pg!623 CITY OF ROSEMOUNT Principal Property Taxpayers Current Fiscal Year and Nine Years Prior 20222013 PercentagePercentage of Totalof Total Net TaxCity TaxNet TaxCity Tax CapacityCapacityCapacityCapacity TaxpayerValueRankValueValueRankValue Flint Hills Resources Pine Bend, LLC (merged with Koch)$ 3,511,998 1 9.12%$ 1,200,561 2 5.51% Great Northern Oil Company 1,604,692 1 7.36 Northern States Power Co. 266,320 2 0.69 334,430 3 1.53 Clarel Corporation (Cub Foods) 211,540 3 0.55 185,686 4 0.85 Dakota Aggregates 202,102 4 0.53 Northern Natural Gas Co. 192,524 5 0.50 125,012 6 0.57 146th Street Partners, LP (Waterford Commons) 189,743 6 0.49 159,261 5 0.73 Hawkins, Inc. 157,015 7 0.41 Rosemount Senior Living Associates 150,775 8 0.39 Secure Mini Storage Limited Partnership 150,074 9 0.39 Limerick Way LLC 144,130 10 0.37 Rosemount Crossing, LLC (Aldi) 94,842 7 0.43 Minnesota Pipeline Co. 92,356 8 0.42 CF Industries, Inc. (Cenex) 87,740 9 0.40 Francis and Patricia Doleis 84,948 10 0.39 $ 5,176,221 13.45%$ 3,969,528 18.20% Source: Dakota County -104- Qbhf!258!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!259!pg!623 CITY OF ROSEMOUNT Property Tax Levies and Collections Last Ten Fiscal Years Collected Within the Fiscal Year of Levy (2)Total Collections to Date Total TaxPercentagePercentage Delinquent FiscalLevy forofTaxof YearFiscal Year (1)AmountLevyCollections (2)AmountLevy 2013$ 10,750,485$ 10,667,447 99.23 %$ 83,038$ 10,750,485 100.00% 2014 11,031,983 10,986,828 99.59 45,155 11,031,983 100.00 2015 11,313,577 11,279,075 99.70 34,502 11,313,577 100.00 2016 11,465,695 11,417,277 99.58 46,171 11,463,448 99.98 2017 11,833,975 11,802,700 99.74 29,428 11,832,128 99.98 2018 12,311,425 12,253,448 99.53 56,254 12,309,702 99.99 2019 12,730,971 12,667,353 99.50 61,884 12,729,237 99.99 2020 13,433,951 13,362,417 99.47 60,746 13,423,163 99.92 2021 14,885,966 14,840,607 99.70 30,563 14,871,170 99.90 2022 15,521,191 15,479,728 99.73 15,479,728 99.73 (1)Includes fiscal disparity revenues. (2)Includes fiscal disparity revenues and is net of county/state adjustments. Source: Dakota County -105- Qbhf!25:!pg!623 CITY OF ROSEMOUNT Ratios of Outstanding Debt by Type Last Ten Fiscal Years Governmental Activities GeneralSpecialTaxCertificatesNet ObligationAssessmentIncrementof FinancedLeasePremiums Fiscal YearBondsBondsBondsIndebtednessPurchaseObligations(Discounts) 2013$ 2,255,000$ 5,795,000$ 7,160,000$ 85,000$ $ $ 2014 2,010,000 7,180,000 6,925,000 2015 3,100,000 5,865,000 9,985,000 2016 1,345,000 4,150,000 9,665,000 166,750 2017 1,215,000 3,460,000 6,025,000 152,863 2018 1,075,000 3,430,000 5,635,000 245,121 222,848 2019 935,000 2,535,000 5,225,000 289,219 194,982 2020 795,000 1,775,000 4,495,000 925,671 446,461 167,116 2021 645,000 1,320,000 4,195,000 824,482 555,547 139,250 2022 495,000 850,000 3,880,000 697,639 531,790 111,385 Note 1: Note 2: See Demographic and Economic Statistics schedule for population and personal income information. -106- Qbhf!261!pg!623 Business-Type Activities NetTotalPercentage RevenueLeasePremiumsPrimaryof Personal BondsObligations(Discounts)GovernmentPer CapitaIncome $ 1,935,000$ $ $ 17,230,000$ 762 1.5 % 1,400,000 17,515,000 779 1.5 2,515,000 21,465,000 932 1.7 2,090,000 82,292 17,499,042 743 1.4 1,645,000 74,063 12,571,926 525 0.9 1,255,000 30,252 65,834 11,959,055 491 0.8 1,110,000 18,804 57,605 10,365,610 411 0.7 965,000 79,727 49,376 9,698,351 378 0.6 815,000 60,664 41,147 8,596,090 329 0.5 660,000 40,994 32,917 7,299,725 279 0.4 -107- Qbhf!262!pg!623 CITY OF ROSEMOUNT Ratios of Net General Bonded Debt Outstanding Last Ten Fiscal Years Less Amounts GeneralRestricted forMarketPercentage of FiscalObligationRepaying Value ofMarket Value of YearBonds (1)PrincipalTotalPropertyProperty 2013$ 2,255,000$ 1,165,384$ 1,089,616$ 1,866,877,179 0.06 % 2014 2,010,000 1,052,999 957,001 1,948,614,357 0.05 2015 3,100,000 2,332,797 767,203 2,127,597,965 0.04 2016 1,345,000 709,894 635,106 2,287,080,004 0.03 2017 1,215,000 734,785 480,215 2,434,763,942 0.02 2018 1,075,000 753,685 321,315 2,589,101,527 0.01 2019 935,000 716,769 218,231 2,782,042,325 0.01 2020 795,000 289,724 505,276 3,007,550,443 0.02 2021 645,000 295,849 349,151 3,230,193,428 0.01 2022 495,000 316,152 178,848 3,413,351,588 0.01 (1)Includes all general obligations of the City, including Capital Improvement Plan Bonds. (2) See Demographic and Economic Statistics schedule for population and personal income information. Note: Source: -108- Qbhf!263!pg!623 Percentage of Total CityTotal CityPercentage Tax CapacityTax Capacityof PersonalPer ValueValuePopulation (2)Income (2)Capita $ 21,805,051 5.00 % 22,605 0.10 %$ 48 22,687,123 4.22 22,490 0.08 43 24,503,702 3.13 23,042 0.06 33 26,219,235 2.42 23,559 0.05 27 27,875,145 1.72 23,965 0.03 20 29,559,800 1.09 24,342 0.02 13 31,722,889 0.69 25,202 0.01 9 34,092,552 1.48 25,650 0.03 20 36,616,523 0.95 26,133 0.02 13 38,488,978 0.46 26,133 0.01 7 -109- Qbhf!264!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!265!pg!623 CITY OF ROSEMOUNT Direct and Overlapping Governmental Activities Debt December 31, 2022 Estimated EstimatedShare of Net DebtPercentageOverlapping Governmental UnitOutstandingApplicable (1)Debt Overlapping debt Dakota County (2)$ %$ 110,985,000 14.654 16,263,383 ISD No. 199, Inver Grove Heights 51,215,000 5.405 2,768,162 ISD No. 200, Hastings 71,887,524 0.001 817 Metropolitan Council (3) 1,897,693,968 0.057 1,089,034 Total overlapping debt 2,131,781,492 20,121,395 Direct debt City of Rosemount direct debt 6,565,814 100.000 6,565,814 Total direct and overlapping debt$ 2,138,347,306 $ 26,687,209 (1)Thepercentageofoverlappingdebtapplicableisestimatedusingtaxcapacity.Applicablepercentageswere estimatedbydeterminingtheportionofthegovernmentaltaxcapacitythatiswithintheboundaries (2)Dakota County did not have any outstanding general obligation debt supported by taxes at year-end. (3)TheabovedebtincludesalloutstandinggeneralobligationdebtoftheMetropolitanCouncilsupportedbytaxes. TheMetropolitanCouncilalsohasgeneralobligationsewerrevenue,wastewaterrevenue,andradiorevenuebonds andleaseobligationsoutstanding,allofwhicharesupportedentirelybyrevenuesandarenotincludedinthe overlapping debt or debt ratios sections above. Note:Overlappinggovernmentsarethosethatcoincide,atleastinpart,withthegeographicboundariesoftheCity.This scheduleestimatestheportionoftheoutstandingdebtofthoseoverlappinggovernmentsthatisbornebythe residentsandbusinessesoftheCity.Thisprocessrecognizesthat,whenconsideringtheabilitytoissueand repaylong-termdebt,theentiredebtburdenbornebytheresidentsandbusinessesshouldbetakenintoaccount. However,thisdoesnotimplythateverytaxpayerisaresidentand,therefore,responsibleforrepayingthedebtof each overlapping government. Source:Dakota County Property Taxation Office and related Annual Comprehensive Financial Reports -110- Qbhf!266!pg!623 CITY OF ROSEMOUNT Legal Debt Margin Information Last Ten Fiscal Years Fiscal Year 2013201420152016 Debt limit$ 56,006,315$ 58,458,431$ 63,827,939$ 68,612,400 Total net debt applicable to the limit 2,255,000 2,010,000 3,100,000 1,345,000 Legal debt margin$ 53,751,315$ 56,448,431$ 60,727,939$ 67,267,400 Total net debt applicable to the limit as a percentage of debt limit4.03%3.44%4.86%1.96% -111- Qbhf!267!pg!623 201720182019202020212022 $ 73,042,918$ 77,673,046$ 83,461,270$ 90,226,513$ 96,905,803$ 102,400,548 1,215,000 1,075,000 935,000 795,000 645,000 495,000 $ 71,827,918$ 76,598,046$ 82,526,270$ 89,431,513$ 96,260,803$ 101,905,548 1.66%1.38%1.12%0.88%0.67%0.48% Legal Debt Margin Calculations for Fiscal Year 2022 $ 3,413,351,588 Market value 102,400,548 Debt limit (3% of market value) 495,000 Debt applicable to the limit $ 101,905,548 Legal debt margin -112- Qbhf!268!pg!623 CITY OF ROSEMOUNT Pledged Revenue Coverage Last Ten Fiscal Years Less DirectNet Revenue FiscalGrossOperatingAvailable forDebt Service Requirements YearRevenue (a)Expenses (b)Debt ServicePrincipalInterestTotalCoverage 2013$ 4,419,729$ 2,958,568$ 1,461,161$ 1,850,000$ 110,313$ 1,960,313 74.54% 2014 4,195,215 3,262,938 932,277 535,000 53,940 588,940 158.30 2015 4,428,925 3,514,975 913,950 410,000 39,921 449,921 203.14 2016 4,778,063 3,587,124 1,190,939 425,000 52,360 477,360 249.48 2017 5,528,083 3,740,785 1,787,298 445,000 50,560 495,560 360.66 2018 5,634,576 3,954,469 1,680,107 390,000 39,108 429,108 391.53 2019 5,632,784 4,982,808 649,976 145,000 31,993 176,993 367.23 2020 2,814,871 1,441,351 1,373,520 145,000 28,730 173,730 790.61 2021 3,372,672 1,507,801 1,864,871 150,000 25,043 175,043 1,065.38 2022 3,462,750 1,446,668 2,016,082 155,000 21,036 176,036 1,145.27 (a)Includes operating revenues of the Water Enterprise Fund. (b)Exclusive of depreciation. Note: -113- Qbhf!269!pg!623 CITY OF ROSEMOUNT Demographic and Economic Statistics Last Ten Fiscal Years Total FiscalSchoolUnemploymentPersonalPer Capita YearPopulation (1)Households (1)Enrollment (3)Rate (2)Income (5)Income (4) 2013 22,605 7,821 4,6574.1%$ 1,145,779,635$ 50,687 2014 22,490 7,852 4,7193.2% 1,173,460,730 52,177 2015 23,042 8,095 4,8143.0% 1,237,585,820 53,710 2016 23,559 8,296 4,9443.4% 1,295,156,025 54,975 2017 23,965 8,455 4,8672.7% 1,381,294,670 57,638 2018 24,342 8,609 4,9732.6% 1,473,640,338 60,539 2019 25,202 8,837 5,0222.9% 1,561,944,354 61,977 2020 25,650 8,931 4,9954.3% 1,660,786,200 64,748 2021 26,133 8,931 4,9442.3% 1,711,345,638 65,486 2022 26,133 9,123 4,2752.5% 1,775,136,291 67,927 (1)NumbersforarefromtheMinnesotaStateDemographicCenter.Thenumbersarefromthe MetropolitanCouncil,whichusesamorescientificandin-depthapproachtoestimatingthesevalues.Theyalsohavea one-year lag in reporting. (2) (3)Independent School District No. 196 students that attend the schools located in Rosemount. (4) (5)Per capita personal income for Dakota County residents multiplied by the estimated city population. -114- Qbhf!26:!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!271!pg!623 CITY OF ROSEMOUNT Principal Employers Current Fiscal Year and Nine Years Prior 20222013 PercentagePercentage of Totalof Total TaxpayerEmployeesRankEmploymentEmployeesRankEmployment 4,200 1 58.2% % Flint Hills Resources Pine Bend, LLC (merged with Koch) 1,115 2 15.4 Intermediate School District No. 917 422 3 5.8 Sunlight Logistics, Inc. 350 4 4.8 Protolabs 310 5 4.3 Dakota County Technical College 249 6 3.4 Wayne Transports, Inc. 200 7 2.8 Spectro Alloys Corporation 138 8 1.9 Home Depot Center 110 9 1.5 City of Rosemount 92 10 1.3 Total 7,186 99.6% % Note: This is a new table being tracked for the City beginning in 2021. Percent is based on top 10 employers. -115- Qbhf!272!pg!623 CITY OF ROSEMOUNT Full-Time Equivalent City Government Employees by Function Last Ten Fiscal Years Fiscal Year 2013201420152016 General government Administration 3.50 3.50 3.50 4.50 Finance 4.30 4.55 4.55 4.55 Community development 9.50 9.50 9.50 9.50 Total general government 17.30 17.55 17.55 18.55 Public safety Sworn officers 22.00 23.00 23.00 23.00 Nonsworn employees 3.25 3.25 3.00 3.00 Firefighters and officers 43.00 42.00 45.00 52.00 Total public safety 68.25 68.25 71.00 78.00 Public works Building maintenance 0.80 0.80 0.85 0.85 Fleet maintenance 2.20 2.20 2.30 2.30 Street maintenance 5.80 5.80 6.00 6.00 Parks maintenance 4.60 4.60 4.65 4.65 Total public works 13.40 13.40 13.80 13.80 Parks and recreation Parks maintenance 9.50 9.50 9.50 10.25 Arena 1.85 1.85 1.85 1.85 Total parks and recreation 11.35 11.35 11.35 12.10 Utilities Water 4.68 4.68 4.88 4.88 Sewer 4.68 4.68 4.88 4.88 Storm water 2.10 2.10 2.30 2.30 Total employees 121.76 122.01 125.76 134.51 Source: Finance Department -116- Qbhf!273!pg!623 201720182019202020212022 4.50 4.50 4.50 4.50 4.50 5.50 4.55 5.05 5.10 5.10 5.10 5.20 9.50 9.50 10.50 10.50 10.50 10.00 18.55 19.05 20.10 20.10 20.10 20.70 24.00 25.00 24.00 25.00 28.00 30.68 3.00 3.00 3.00 3.00 3.00 3.00 47.00 47.00 42.00 50.00 46.00 45.00 74.00 75.00 69.00 78.00 77.00 78.68 1.25 1.25 1.25 1.25 1.25 1.25 2.30 2.30 2.30 2.20 2.40 2.40 6.00 6.30 6.30 6.10 6.85 7.35 4.65 5.05 5.05 5.85 5.90 5.90 14.20 14.90 14.90 15.40 16.40 16.90 10.25 10.25 10.25 10.25 10.30 11.25 1.85 1.88 1.90 1.90 1.90 1.85 12.10 12.13 12.15 12.15 12.20 13.10 4.88 5.11 4.55 5.10 5.05 5.00 4.88 5.06 4.50 5.05 5.05 5.00 2.55 2.88 4.30 4.70 4.75 4.75 131.16 134.13 129.50 140.50 140.55 144.13 -117- Qbhf!274!pg!623 CITY OF ROSEMOUNT Operating Indicators by Function Last Ten Years Fiscal Year Function/Program2013201420152016 General government ElectionsN/A 2 N/A 2 Registered votersN/A 14,236 N/A 15,818 Number of votes castN/AUnknownN/A 18,654 Voter participation (registered) N/A 58.5% N/A 84.0% Inspections Building permits issued 2,471 2,879 2,677 3,033 Inspections conducted 4,296 4,618 5,467 5,927 Police Adult arrests 312 230 465 326 Number of calls for service 13,730 15,538 16,894 16,691 Number of patrol miles 186,490 195,393 204,226 185,101 Juvenile arrests 102 101 88 105 Traffic violations 2,147 2,452 1,872 1,939 Parking violations 436 197 207 271 Fire Number of calls answered 637 715 710 720 Fires extinguished 35 38 33 38 Public works Street resurfacing (miles) 1.60 1.20 1.20 Street seal coating (miles) 6.60 1.80 6.90 2.90 Park acres mowed 154 154 154 160 Parks and recreation Total hours of use at community center 20,098 20,120 20,015 16,068 Arena rental hours 2,479 2,378 2,378 2,670 Water Connections 6,847 6,939 7,024 7,152 Water main breaks 1 1 2 1 Average daily consumption (in gallons) 2,412,638 2,233,593 2,227,616 2,520,915 Sewer Connections 6,694 6,777 6,857 6,959 Source: Various city departments -118- Qbhf!275!pg!623 201720182019202020212022 N/A 2 N/A 2 N/A 2 N/A 15,756 N/A 17,843 N/A 18,127 N/AUnknownN/AUnknownN/A 12,860 N/A 77.0% N/A 89.0% N/A 71.0% 3,136 3,503 3,997 4,426 6,921 4,925 5,425 6,317 8,001 8,198 9,531 9,605 406 375 355 252 309 366 16,194 15,166 17,533 16,512 17,691 17,895 186,155 227,530 199,931 243,685 171,127 271,544 85 87 74 23 12 32 1,372 1,187 1,088 848 648 978 88 178 264 191 23 128 744 820 894 848 972 1,103 60 46 48 20 21 14 1.95 3.15 1.20 4.14 3.39 1.63 3.70 4.90 5.00 12.50 10.70 7.50 160 167 167 181 205 550 14,577 15,361 16,022 4,325 19,473 17,100 2,805 2,704 2,999 1,992 2,738 2,950 7,212 7,360 7,538 7,742 7,942 9,996 1 1 1 1 1 2,530,849 2,250,066 2,136,434 2,585,996 3,060,333 3,002,054 7,050 7,198 7,376 7,580 7,780 8,058 -119- Qbhf!276!pg!623 CITY OF ROSEMOUNT Capital Assets Statistics by Function/Program Last Ten Years Fiscal Year Function/Program2013201420152016 General government City Hall/other buildings 1 1 1 1 Police Stations 1 1 1 1 Patrol units 13 14 15 15 Fire Stations 2 2 2 2 Fire units (vehicles and trailer) 15 15 15 16 Public works Buildings 3 3 3 3 City maintained streets (miles) 106 108 110 110 Street lights 1,520 1,539 1,561 1,568 Parks and recreation Community centers 1 1 1 2 Shelters/other buildings 3 3 3 3 Acreage 534 533 533 540 Parks 27 29 29 30 Playgrounds 20 21 21 21 Baseball/softball diamonds 23 23 23 24 Soccer/football fields 19 19 19 20 Tennis courts 8 12 12 12 Water Water mains (miles) 129 130 130 134 Wells (municipal/rural) 8 8 8 8 Water towers 4 4 4 4 Fire hydrants 1,366 1,412 1,420 1,445 Storage capacity 3,500,000 3,500,000 3,500,000 3,500,000 Maximum pumping capacity 12,096,000 12,096,000 12,384,000 12,384,000 Sewer Sanitary sewer mains (miles) 98 98 98 100 Storm sewer mains (miles) 86 88 89 91 Public education facilities Elementary schools 2 2 2 2 Secondary schools 2 2 2 2 Special education schools (Dakota County Technical College) 2 2 2 2 Source: Various city departments -120- Qbhf!277!pg!623 201720182019202020212022 1 1 1 1 1 1 1 1 1 1 1 1 16 16 16 16 15 21 2 2 2 2 2 2 16 16 17 17 17 17 3 3 3 3 3 3 113 114 115 117 123 128 1,599 1,601 1,622 1,704 1,707 1,880 2 2 2 2 2 2 3 3 3 3 3 4 540 540 540 540 542 542 30 30 30 30 30 30 21 21 21 21 21 21 24 24 24 24 26 28 20 24 24 24 24 24 12 12 12 12 12 12 135 135 138 145 145 151 8 9 9 9 9 9 4 4 4 4 4 4 1,450 1,452 1,560 1,571 1,604 1,660 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 12,384,000 14,976,000 14,976,000 14,976,000 14,976,000 14,976,000 103 103 105 118 127 124 105 105 111 123 123 152 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 -121- Qbhf!278!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!279!pg!623 Management Report for City of Rosemount, Minnesota December 31, 2022 Qbhf!27:!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!281!pg!623 D FSUJGJFE Q VCMJD B DDPVOUBOUT To the City Council and Management City ofRosemount, Minnesota We have prepared this management report in conjunction with our audit of the City ofRosemount, r31, 2022. We have organized this report into the following sections: Audit Summary Governmental Funds Overview Enterprise Funds Overview Government-Wide Financial Statements Accounting and Auditing Updates We would be pleased to further discuss any of the information contained in this report or any other concerns that you would like us to address. We would also like to express our thanks for the courtesy and assistance extended to us during the course of our audit. The purpose of this report is solely to provide those charged with governance of the City, management, and those who have responsibility for oversight of the financial reporting process comments resulting from our audit process and information relevant to city finances in Minnesota. Accordingly, this report is not suitable for any other purpose. Minneapolis, Minnesota June 14, 2023 Qbhf!282!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!283!pg!623 AUDIT SUMMARY The following is a summary of our audit work, key conclusions, and other information that we consider important or that is required to be communicated to the City Council, administration, or those charged with governance of the City. O UR R ESPONSIBILITY U NDER A UDITING S TANDARDS G ENERALLY A CCEPTED IN THE U NITED S TATES OF A MERICA AND G OVERNMENT A UDITING S TANDARDS We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City as of and for the year ended December 31, 2022. Professional standards require that we provide you with information about our responsibilities under auditing standards generally accepted in the United States of America and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information to you verbally and in our audit engagement letter. Professional standards also require that we communicate the following information related to our audit. P LANNED S COPE AND T IMING OF THE A UDIT We performed the audit according to the planned scope and timing previously discussed and coordinated in order to obtain sufficient audit evidence and complete an effective audit. A UDIT O PINION AND F INDINGS Based on our audit of the Citys financial statements for the year ended December 31, 2022: !We ts. Our report Standards Board (GASB) Statement No. 87, Leases, during the year. Our opinion was not modified with respect to this matter !We reported no deficiencies in consider to be material weaknesses. It should be understood that internal controls are never accounting errors, need to be continually reviewed by your management and modified as necessary. !The results of our testing disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. ! regulations. contracts for construction services must include specific language that receipt of payment from the City or pay interest at the rate of 1.5 percent per month on any unpaid balance. This required language was not included in one of the contracts awarded during the year ended December 31, 2022. F OLLOW-U P ON P RIOR Y EAR F INDINGS AND R ECOMMENDATIONS ar ended December 31, 2022, we performed procedures to follow-up on the findings and recommendations that resulted from our prior year audit. We reported the following finding that was corrected by the City in the current year: !During 2021, the City did not pay 1 of 25 disbursements within the 35-day period, as required by Minnesota Statutes § 471.425, Subd. 2. The City corrected this prior year finding in 2022. -1- Qbhf!284!pg!623 O THER O BSERVATIONS AND R ECOMMENDATIONS Deposit Sweep Account Minnesota Statutes § 118A.03 requires banks holding local government entity deposits to protect the deposits from custodial credit risk (the risk of loss in the event of a bank failure) by providing adequate insurance, bond, or pledged collateral to cover balances in excess of Federal Deposit Insurance Corporation limits are swept out of their depository accounts daily into other investments or to depository accounts at other banks. An issue has arisen with some sweep account arrangements, caused by a lag between the timing of when funds arriving the same business day as the primary bank shows them being swept out, the funds in transit would legally still be considered in the custody of the primary depository at the end of the banking day. This would potentially subject any excess deposits to custodial credit risk and not complying with statutory requirements. The Minnesota Office of the State Auditor (OSA) has added audit requirements to test such sweep arrangements in their Legal Compliance Audit Guide. In addition, recent bank failures have placed additional emphasis on the importance of protecting local government deposits from custodial credit risk. We recommend the City review the terms of any sweep arrangement it has in place or is considering and verify that the financial institutions on both sides of the sweep transaction are recognizing the transfer of funds the same banking day. Credit Card Transactions Minnesota cities have the authority to make purchases using credit cards issued on behalf of their city. Credit card purchases are becoming more commonplace, especially with the proliferation of e-commerce, and have consequently been garnering increased scrutiny from oversight agencies. The statutes authorizing credit card use by cities restrict their use to purchases made on behalf of a city, do not permit personal use of the credit card by the card user, and specify they should only be used by employees authorized to make purchases. Employees are personally liable for unauthorized credit card purchases. Purchases made with credit cards must comply with other applicable state laws, including the requirement that all claims presented for payment must be in writing and itemized. In its Statement of Position (SOP) on credit card use, the OSA has clarified that the statement from the credit card company lacks sufficient ing credit cards must retain the SOP also states that the individual vendors providing the goods or services should be listed on the claims list provided to a city council for review and approval, rather than the credit card company. While the authorized use of a credit card to make small purchases offers advantages, such as convenience and expedited purchasing, the ability of the credit card users to make a city liable for purchases that are improper or not in compliance with statutory requirements is an added risk related to such transactions. The OSA recommends that a robust credit card policy be established by public entities allowing credit card purchases, which clearly delineates the requirements for use, supporting documentation required, and the review and approval process for credit card purchases. The OSA also recommends that cities obtain signed written acknowledgement of the policy from all authorized card users. -2- Qbhf!285!pg!623 S IGNIFICANT A CCOUNTING P OLICIES Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City are described in Note 1 of the notes to basic financial statements. No new accounting policies were adopted and the application of existing policies was not changed during the year ended December 31, 2022. However, the City implemented the following governmental accounting standard(s) during the fiscal year: As described in Note 1 of the notes to basic financial statements, the City implemented GASB Statement No. 87, Leases, during fiscal year ended December 31, 2022. This standard changed the way lease transactions are reported by the City, but did not result in a restatement of net position in the current year. We noted no transactions entered into by the City during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period. A CCOUNTING E STIMATES AND M ANAGEMENT J UDGMENTS Accounting estimates are an integral part of the financial statements prepared by management and are future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the financial statements were: !Depreciation Managements estimates of depreciation expense are based on the estimated useful lives of the assets. !Compensated Absences compensated absences balances estimated to be paid out as termination pay. !Pension/Other Post-Employment Benefits (OPEB) The City has recorded liabilities and activity for pension benefits and OPEB. These obligations include calculations using actuarial methodologies described in GASB Statement Nos. 68 and 75. These actuarial calculations include significant assumptions, including projected changes, healthcare insurance costs, investment returns, retirement ages, proportionate share, and employee turnover. We evaluated the key factors and assumptions used by management to develop these accounting estimates in determining that they are reasonable in relation to the basic financial statements taken as a whole. Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. The disclosures included in the notes to the basic financial statements related to OPEB and pension benefits are particularly sensitive, due to the materiality of the liabilities, and the large and complex estimates involved in determining the disclosures. The financial statement disclosures are neutral, consistent, and clear. D IFFICULTIES E NCOUNTERED IN P ERFORMING THE A UDIT We encountered no significant difficulties in dealing with management in performing and completing our audit. -3- Qbhf!286!pg!623 C ORRECTED AND U NCORRECTED M ISSTATEMENTS Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. There were no misstatements detected as a result of audit procedures that were material, either individually or in the aggregate, to each opinion units financial statements taken as a whole. D ISAGREEMENTS W ITH M ANAGEMENT For purposes of this report, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditors report. We are pleased to report that no such disagreements arose during the course of our audit. M ANAGEMENT R EPRESENTATIONS We have requested certain representations from management that are included in the management representation letter dated June 14, 2023. M ANAGEMENT C ONSULTATIONS W ITH O THER I NDEPENDENT A CCOUNTANTS In some cases, management may decide to consult with other accountants about auditing and accounting application of an accounting principle to the Citys financial statements or a determination of the type of auditors opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. O THER A UDIT F INDINGS OR I SSUES We generally discuss a variety of matters, including the application of accounting principles and auditing standards with management each year prior to retHowever, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention. -4- Qbhf!287!pg!623 O THER M ATTERS We applied certain limited procedures to the managements discussion and analysis (MD&A) and the required supplementary information (RSI) that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI. We were engaged to report on the combining and individual fund statements and schedules, reported as supplementary information accompanying the financial statements, which are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves. We were not engaged to report on the introductory section and the statistical section, which accompany the financial statements, but are not RSI. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on it. -5- Qbhf!288!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!289!pg!623 GOVERNMENTAL FUNDS OVERVIEW governmental funds, which includes the General, special revenue, debt service, and capital project funds. These funds are used to account for the basic services the City provides to all of its citizens, which are financed primarily with property taxes. The governmental fund information statements focuses on budgetary compliance and the sufficiency assets to finance its current liabilities. P ROPERTY T AXES Minnesota cities rely heavily on local property tax levies to support their governmental fund activities. For the 2021 fiscal year, local ad valorem property tax levies provided 44.0 percent of the total governmental fund revenues for cities over 2,500 in population, and 35.5 percent for cities under 2,500 in population. Total property taxes levied by all Minnesota cities for taxes payable in 2022 increased 5.9 percent compared to the prior year, and 4.2 percent for taxes payable in 2023. The total tax capacity value of property in Minnesota cities increased about 5.6 percent for the 2022 levy year. The tax capacity values used for levying property taxes are based on the assessed market values for the previous fiscal year (e.g., tax capacity values for taxes levied in 2022 were based on assessed market values as of January 1, 2021), so the trend of change in these tax capacity values lags somewhat behind the housing market and economy in general. The Citys estimated market value increased 7.4 percent for taxes payable in 2021 and increased 5.7 percent for taxes payable in 2022. The following graph shows the Citys changes in estimated market value over the past 10 years: Estimated Market Value $4,000,000,000 $3,500,000,000 $3,000,000,000 $2,500,000,000 $2,000,000,000 $1,500,000,000 $1,000,000,000 $500,000,000 $ 2013201420152016201720182019202020212022 -6- Qbhf!28:!pg!623 commercial or residential, has a different cal tax capacity will change at a different rate than its total market value, as tax capacity is affected by the proportion of its tax base that is in each property classification from year-to-year, as well as legislative changes to tax rates. The Citys tax capacity increased 7.8 percent for 2021 and increased 5.0 percent for 2022. The following graph shows the Citys change in tax capacities over the past 10 years: Taxable Tax Capacity $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $ 2013201420152016201720182019202020212022 The following table presents the average tax rates applied to city residents for each of the last three levy years: Rates expressed as a percentage of net tax capacity City of Rosemount 202020212022 Average tax rate City 38.6 37.0 36.9 County 24.1 22.7 21.6 School 19.9 20.0 20.0 Special taxing 4.0 3.8 3.7 Total 86.6 83.5 82.2 The overall decrease in the average tax rate was spread across most of the taxing authorities, as presented in the table above. The improvement in tax capacity values, previously discussed, contributed to the -7- Qbhf!291!pg!623 G OVERNMENTAL F UND B ALANCES The following table summarizes the changes in the fund balances of the Citys governmental funds during the year ended December 31, 2022, presented both by fund balance classification and by fund: Governmental Funds Change in Fund Balance Fund Balance as of December 31, Change 20222021 Fund balances of governmental funds Total by classification Nonspendable $ 48,017 $ 2,267 $ 45,750 Restricted 4,959,849 4,666,788 293,061 Committed 733,182 634,527 98,655 Assigned 23,480,609 19,755,896 3,724,713 Unassigned 8,815,419 9,129,028 (313,609) Total governmental funds$ 38,037,076 $ 34,188,506 $ 3,848,570 Total by fund General $ 12,325,001 $ 12,704,069 $ (379,068) Capital Projects 20,015,043 16,180,855 3,834,188 Debt Service 1,511,002 1,908,232 (397,230) Port Authority Debt Service 397,809 1,146,035 (748,226) Port Authority Special Revenue 115,101 1,500,976 (1,385,875) American Rescue Plan Act 201 (201) Nonmajor funds 3,673,120 748,138 2,924,982 Total governmental funds$ 38,037,076 $ 34,188,506 $ 3,848,570 In total, the fund balances of the Citys governmental funds increased by $3,848,570 during the year ended December 31, 2022. The largest changes were in assigned fund balances, primarily in the Capital Projects Fund, as noted in the table above. The decrease in the Port Authority Debt Service and Special Revenue Funds noted above was largely due to transfers of available resources to the new TIF Spending Plan (nonmajor fund) in the current year. -8- Qbhf!292!pg!623 G OVERNMENTAL F UNDS R EVENUES three years, along with state-wide averages. We have included the most recent comparative state-wide averages available from the OSA to provide a governmental fund revenue will naturally vary between cities based on factors suc development, location, size and density of its population, property values, services it provides, and other attributes. It will also differ from year-to-year, due to the effect of inflation and changes in its operation. Also, certain statements in order to be more comparable to the state-wide information, particularly in separating capital expenditures from current expenditures. We have designed this section of our management report using per capita data in order to better identify unique or unusual trends and activities of the City. We intend for this type of comparative and trend information to complement, rather than duplicate, information in the MD&A. An inherent difficulty in presenting per capita information is the accuracy of the population count, which for most years is based on estimates. Governmental Funds Revenue per Capita With State-Wide Averages by Population Class State-WideCity of Rosemount December 31, 2021 Year202020212022 Population25,65026,13326,133 Property taxes$ 560$ 529$ 557$ 496$ 508$ 524 Tax increments 38 36 49 37 41 44 Franchise and other taxes 52 66 53 10 9 9 Special assessments 59 41 56 107 51 45 Licenses and permits 45 46 53 43 53 53 Intergovernmental revenues 421 293 202 194 36 255 Charges for services 135 111 110 177 188 229 Other 60 39 26 116 53 82 Total revenue$ 1,370$ 1,161$ 1,106$ 1,180$ 939$ 1,241 The Citys governmental fund revenues for 2022 were $32,425,811, an increase of $7,890,941 (32.2 percent) from the prior year. On a per capita basis, the City received $1,241 in governmental fund revenue for 2022, an increase of $302 from the prior year. A citys stage of development, along with the way a city finances various capital projects, will impact the mix of revenue sources it receives. Intergovernmental revenues were up $219 per capita. The City recognized $2.8 million in Coronavirus State and Local Fiscal Recovery Funds (CSLFRF), as well as an increase in MSA spending in the current year. The increase in charges for services is due to higher building permit related revenue and project administration fees, as well as a large number of new capital projects. Revenue from other sources increased from the City collecting fees for new developments/commercial projects in the current year. -9- Qbhf!293!pg!623 The expenditures of governmental funds will also vary from state-wide averages and from year-to-year, !Current These are typically the general operating type expenditures occurring on an annual basis, and are primarily funded by general sources, such as taxes and intergovernmental revenues. !Capital Outlay and Construction These expenditures do not occur on a consistent basis, more typically fluctuating significantly from year-to-year. Many of these expenditures are project-oriented, and are often funded by specific sources that have benefited from the expenditure, such as special assessment improvement projects. !Debt Service Although the expenditures for debt service may be relatively consistent over the term of the respective debt, the funding source is the important factor. Some debt may be repaid through specific sources, such as special assessments or redevelopment funding, while other debt may be repaid with general property taxes. The Citys expenditures per capita of its governmental funds for the past three years, together with state-wide averages, are presented in the following table: Governmental Funds Expenditures per Capita With State-Wide Averages by Population Class State-WideCity of Rosemount December 31, 2021 Year202020212022 Population25,65026,13326,133 Current General government$ 168$ 131$ 116$ 120$ 92$ 93 Public safety 327 296 327 193 223 238 Streets and highways 144 124 112 151 151 162 Parks and recreation 108 124 107 60 67 79 All other 101 79 77 73 52 55 Total current 848 754 739 597 585 627 Capital outlay and construction 525 407 317 402 415 428 Debt service Principal 168 161 110 67 46 48 Interest and fiscal 48 41 34 11 11 9 Total debt service 216 202 144 78 57 57 Total expenditures$ 1,589$ 1,363$ 1,200$ 1,077$ 1,057$ 1,112 Total expenditures in the Citys governmental funds for 2022 were $29,034,971, an increase of $1,384,190 (5.0 percent) from the prior year. On a per capita basis, the City expended a total of $1,112 in 2022, an increase of $55 from the previous year. As the above table reflects, the Citys expenditures per capita have historically been below the state-wide average. The increase in the current year was spread across each current function and capital outlay as noted in the table above. Natural inflationary growth and contractually approved salary and benefit increases contributed to the change over the prior year. -10- Qbhf!294!pg!623 G ENERAL F UND The Citys General Fund accounts for the financial activity of the basic services provided to the community. The primary services included within this fund are the administration of the municipal operation, police and fire protection, building inspection, streets and highway maintenance, and culture and recreation. The graph below illustrates the change in the General Fund financial position over the last five years. We have also included a line representing annual revenues to reflect the change in the size of the General Fund operation over the same period. General Fund Financial Position Year Ended December 31, $20,000,000 $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $ 20182019202020212022 Fund Balance $9,995,409$10,559,040$12,293,930$12,704,069$12,325,001 Cash (Net) $10,656,356$10,985,167$12,804,760$13,624,178$13,046,199 Revenue $13,580,346$14,220,550$16,434,441$15,320,429$18,370,840 The Citys General Fund cash and investments balance at December 31, 2022 was $13,046,199, a decrease of $577,979 from the previous year. Total fund balance at year-end was $12,325,001, a decrease of $379,068 from the prior year. As the graph illustrates, the City has generally been able to maintain healthy cash and fund balance levels as the volume of financial activity has fluctuated. This is an important factor because a government, like any organization, requires a certain amount of equity to operate. A healthy financial position allows the City to avoid volatility in tax rates; helps minimize the impact of state funding changes; allows for the adequate and consistent funding of services, repairs, and unexpected costs; and is a factor in determining the Citys bond rating and resulting interest costs. A trend that is typical to Minnesota local governments, especially the General Fund of cities, is the unusual cash flow experienced throughout the year. The Citys General Fund cash disbursements are made fairly evenly during the year other than the impact of seasonal services, such as snowplowing, street maintenance, and park activities. Cash receipts of the General Fund are quite a different story. Taxes comprise about 64 percent of the funds total annual revenue. Approximately half of these revenues are received by the City in July and the rest in December. Consequently, the City needs to have adequate cash reserves to finance its everyday operations between these payments. The Citys unassigned General Fund balance at the end of the 2022 fiscal year represents approximately 53.0 percent of annual expenditures and transfers out based on projected 2023 levels. -11- Qbhf!295!pg!623 G ENERAL F UND R EVENUES The following graph reflects the Citys General Fund revenue sources for 2022 compared to budget: General Fund Revenue Budget and Actual $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $ $(2,000,000) TaxesLicenses andIntergovernmentalCharges forOther PermitsServices Actual Budget General Fund revenue for 2022 was $18,370,840, which was $2,925,840 (18.9 percent) more than budget. The largest variances over budget were in intergovernmental ($2,843,226) and other revenues ($943,091), due to conservative budgeting and continued development activity in the City. Intergovernmental was over budget, due to not included in the 2022 budget. Investment earnings were $1,051,501 less than anticipated, due to market value changes not anticipated in the 2022 budget. The following graph presents the Citys General Fund revenues by source for the last five years. The graph reflects the Citys reliance on property and other taxes, which represented 64.4 percent of General Fund revenues in 2022: General Fund Revenue by Source Year Ended December 31, $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $ Taxes Intergovernmental All Other 2018 $10,148,566$460,756$2,971,024 2019 $10,428,208$749,242$3,043,100 2020 $11,133,030$2,589,046$2,712,365 2021 $11,415,418$759,832$3,145,179 2022 $11,827,238$3,576,726$2,966,876 Total General Fund revenue for 2022 was $3,050,411 (19.9 percent) more than last year. The increase in taxes was as anticipated and approved with the annual levy process. Intergovernmental increased due to recognition of CSLFRF resources as discussed above. all o due to the change in investment earnings, which were negatively impacted by market adjustments on investments during the current year. -12- Qbhf!296!pg!623 G ENERAL F UND E XPENDITURES The following graph illustrates the components of General Fund spending for 2022 compared to budget: General Fund Expenditures Budget and Actual $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $ GeneralPublic SafetyPublic WorksCulture, Education,Conservation and Governmentand RecreationEconomic Actual Budget Development General Fund expenditures for 2022 were $15,716,186, which was $397,686 (2.6 percent) over budget. Spending was over budget for public safety by $73,737, public works by $325,019, and for culture, education, and recreation by $171,506. General government and conservation and economic development expenditures were $103,954 and $68,622 under budget, respectively. Overall spending exceeded budget, largely due to inflationary and personnel costs exceeding amounts anticipated in the budget. The following graph presents the Citys General Fund expenditures by function for the last five years: General Fund Expenditures by Function Year Ended December 31, $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $ Culture, Conservation General Public Safety Public WorksEducation, and Capital Outlayand Economic Government RecreationDevelopment 2018 $1,882,179$4,651,700$3,525,071$1,663,618$454$1,090,590 2019$ $2,000,850$4,702,502$3,820,949$1,751,115$1,089,883 2020$ $2,905,562$4,954,705$3,860,813$1,515,223$1,204,962 2021 $2,234,206$5,642,463$3,957,642$1,743,024$$1,206,455 2022$ $2,266,346$5,998,337$4,240,019$2,044,206$1,167,278 Total General Fund expenditures for 2022 were $932,396 (6.3 percent) more than the previous year. The increase was spread across most categories, as presented in the table above, excluding a minor decrease in conservation and economic development expenditures. Increases were partially due to an increase in wages and benefits, along with ongoing development activity in the current year. -13- Qbhf!297!pg!623 ENTERPRISE FUNDS OVERVIEW The City maintains several enterprise funds to account for services the City provides that are financed primarily through fees charged to those utilizing the service. This section of the report provides you with an overview of the financial trends and activities of the Citys enterprise funds, which include the Water, Sewer, Storm Water, Street Lighting, and Arena Funds. The utility funds comprise a considerable portion of the Citys activities. We understand that the City is proactive in reviewing these activities on an ongoing basis and we want to reiterate the importance of continually monitoring these operations. Over the years, we have emphasized to our city clients the importance of these utility operations being self-sustaining, preventing additional burdens on general government funds. This would include the accumulation of net position for future capital improvements and to provide a cushion in the event of a negative trend in operations. E NTERPRISE F UNDS F INANCIAL P OSITION The following table summarizes the changes in the financial position of the Citys enterprise funds during the year ended December 31, 2022, presented both by classification and by fund: Enterprise Funds Change in Financial Position Net Position as of December 31, Change 20222021 Net position of enterprise funds Total by classification Net investment in capital assets $ 114,082,422 $ 102,152,720 $ 11,929,702 Unrestricted 43,725,821 37,150,043 6,575,778 Total enterprise funds$ 157,808,243 $ 139,302,763 $ 18,505,480 Total by fund Water $ 58,502,539 $ 51,626,387 $ 6,876,152 Sewer 40,617,521 36,773,786 3,843,735 Storm Water 56,931,099 49,113,784 7,817,315 Street Lighting 121,756 93,086 28,670 Arena 1,635,328 1,695,720 (60,392) Total enterprise funds$ 157,808,243 $ 139,302,763 $ 18,505,480 In total, the net position of the Citys enterprise funds increased by $18,505,480 during the year ended December 31, 2022. The increase in net position is primarily from connection fees and capital contributions recognized in the current year. -14- Qbhf!298!pg!623 W ATER F UND At December 31, 2022, the Water Fund had a cash balance of $20,457,092 and total net position of $58,502,539. Of this net position total, $37,771,443 is the net investment in capital assets, while unrestricted has a balance of $20,731,096. The following graph shows the financial position of the Water Fund over the past five years: Water Fund Financial Position Year Ended December 31, $65,000,000 $60,000,000 $55,000,000 $50,000,000 $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $ 20182019202020212022 Cash, Net of Interfund LoansTotal Net PositionOperating Revenue The following graph shows the operating results of the Water Fund over the last five years: Water Fund Operating Results Year Ended December 31, $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $ 20182019202020212022 Operating ExpensesOperating Revenue The Water Fund maintains a healthy financial position. During fiscal 2022, the Water Fund recognized an operating income of $1,115,328, compared to an operating income of $953,854 in fiscal 2021. The increase in operating revenue was due to a combination of changes in water usage and rate adjustments in the current year. Consumption will fluctuate from year-to-year based on many factors, including weather patterns and the number of utility customers. The City should continue to review utility rates during its annual budget process to make sure an adequate, yet fair, rate is charged for the services provided. Operating expenses were down slightly in the current year, with a decrease in other services and charges. -15- Qbhf!299!pg!623 S EWER F UND At December 31, 2022, the Sewer Fund had a cash balance of $9,844,569 and total net position of $40,617,521. Of this net position total, $30,359,351 is the net investment in capital assets, while $10,258,170 is unrestricted. The following graph shows the financial position of the Sewer Fund over the past five years: Sewer Fund Financial Position Year Ended December 31, $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $ 20182019202020212022 Cash, Net of Interfund LoansTotal Net PositionOperating Revenue The following graph shows the operating results of the Sewer Fund for the last five years: Sewer Fund Operating Results Year Ended December 31, $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $ 20182019202020212022 MCES CostsOther Operating ExpensesOperating Revenue The major expense of the sanitary sewer operation is the charge from the Metropolitan Council Environmental Services (MCES). The main cause of the expense fluctuations from year-to-year, shown on the graph above, are generally changes made to the charges from the MCES, reflecting the results of its sewer treatment operations. During fiscal 2022, the Sewer Fund reported an operating loss of $473,164, compared to an operating loss of $610,943 in fiscal 2021. The increase in operating revenues with rate changes and new customers more than offset the increase in operating expenses. The largest change in expenses was with increases in MCES sewer charges and personal services. The City should continue to review utility rates during its annual budget process to make sure an adequate, yet fair, rate is charged for the services provided. -16- Qbhf!29:!pg!623 S TORM W ATER F UND At December 31, 2022, the Storm Water Fund had a cash balance of $12,112,036 and total net position of $56,931,099. Of this net position total, $44,776,933 is the net investment in capital assets, while $12,154,166 is unrestricted. The following graph shows the financial position of the Storm Water Fund over the past five years: Storm Water Fund Financial Position Year Ended December 31, $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $ 20182019202020212022 Cash, Net of Interfund LoansTotal Net PositionOperating Revenue The following graph shows the operating results of the Storm Water Fund for the last five years: Storm Water Fund Operating Results Year Ended December 31, $2,200,000 $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $ 20182019202020212022 Operating ExpensesOperating Revenue The Storm Water Fund maintains a healthy financial position. During fiscal 2022, the Storm Water Fund reported an operating loss of $97,858, compared to an operating loss of $489,295 in fiscal 2021. A decrease in operating expenses for other services and charges contributed to the change in operating results compared to the prior year. -17- Qbhf!2:1!pg!623 A RENA F UND At December 31, 2022, the Arena Fund had a cash balance of $580,694 and total net position of $1,635,328. Of this net position total, $1,174,695 is the investment in capital assets, while $460,633 is unrestricted. The following graph shows the financial position of the Arena Fund over the past five years: Arena Fund Financial Position Year Ended December 31, $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $ 20182019202020212022 Cash, Net of Interfund LoansTotal Net PositionOperating Revenue The following graph shows the operating results of the Arena Fund for the last five years: Arena Fund Operating Results Year Ended December 31, $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $ 20182019202020212022 Operating ExpensesOperating Revenue During fiscal 2022, the Arena Fund reported an operating loss of $194,163, compared to an operating loss of $97,016 in fiscal 2021. The increase in operating expenses surpassed the increase in operating revenues in the current year, causing the decrease in current year operating results. A transfer of $130,000 from the General Fund in the current year partially offset the loss from operations in the current year. S TREET L IGHTING F UND The City established the Street Lighting Fund in 2020 to account for the financial activity of the street lighting utility operation. At December 31, 2022, the Street Lighting Fund had a cash balance of $86,194 and total unrestricted net position of $121,756. This ending net position represents an increase of $28,670 over the prior balance. -18- Qbhf!2:2!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!2:3!pg!623 GOVERNMENT-WIDE FINANCIAL STATEMENTS In addition to fund-based information, the current reporting model for governmental entities also requires the inclusion of two government-wide financial statements designed to present a clear picture of the City as a single, unified entity. These government-wide financial statements provide information on the total cost of delivering services, including capital assets and long-term liabilities. S TATEMENT OF N ET P OSITION The Statement of Net Position essentially tells you what the City owns and owes at a given point in time, the last day of the fiscal year. Theoretically, net position represents the resources the City has leftover to use for providing services after its debts are settled. However, those resources are not always in spendable form, or there may be restrictions on how some of those resources can be used. Therefore, net position is divided into three components: net investment in capital assets, restricted, and unrestricted. The following table presents the components of the Citys net position as of December 31, 2022 and 2021, for governmental activities and business-type activities: As of December 31, Change 20222021 Net position Governmental activities Net investment in capital assets $ 92,676,025 $ 93,890,840 $ (1,214,815) Restricted 7,654,670 7,888,401 (233,731) Unrestricted 27,945,657 24,881,502 3,064,155 Total governmental activities 128,276,352 126,660,743 1,615,609 Business-type activities Net investment in capital assets 114,082,422 102,152,720 11,929,702 Unrestricted 43,725,821 37,150,043 6,575,778 Total business-type activities 157,808,243 139,302,763 18,505,480 Total net position$ 286,084,595 $ 265,963,506 $ 20,121,089 The Citys total net position at December 31, 2022 was $20,121,089 more than the previous year. Governmental activities increased $1,615,609 and business-type activities increased $18,505,480. The change in components of governmental activity net position reflect the Citys completion of several projects in the current year and transfer of assets from governmental activities to the business-type activities. The recognition of CSLFRF federal entitlements in the current year also contributed to the overall increase in unrestricted net position for governmental activities. The increase in business-type activities net position matches the enterprise funds activity previously discussed. At the end of the current fiscal year, the City is able to present positive balances in all categories of net position, both for the government as a whole, as well as for its separate governmental and business-type activities. The same situation held true for the prior fiscal year. -19- Qbhf!2:4!pg!623 S TATEMENT OF A CTIVITIES The Statement of Activities tracks the Citys yearly revenues and expenses, as well as any other transactions that increase or reduce total net positions. These amounts represent the full cost of providing services. The Statement of Activities provides a more comprehensive measure than just the amount of cash that changed hands, as reflected in the fund-based financial statements. This statement includes the cost of supplies used, depreciation of long-lived capital assets, and other accrual-based expenses. The following table presents the change in the net position of the City for the years ended December 31, 2022 and 2021: 2022 2021 Program ExpensesRevenuesNet ChangeNet Change Net (expense) revenue Governmental activities General government$ 2,971,915$ 5,099,912$ 2,127,997$ 542,465 Public safety 7,327,325 962,342 (6,364,983) (5,214,582) Public works 10,471,901 8,882,351 (1,589,550) (3,181,814) Culture, education, and recreation 2,786,447 1,911,265 (875,182) (857,852) Conservation and economic development 1,521,954 156,622 (1,365,332) (120,685) Interest and fiscal changes 195,474 (195,474) (256,608) Business-type activities Water 2,370,105 7,260,612 4,890,507 4,022,313 Sewer 3,430,121 7,451,630 4,021,509 1,248,487 Storm water 1,680,565 5,549,950 3,869,385 2,378,626 Street lighting 258,002 284,692 26,690 35,997 Arena 669,074 469,190 (199,884) (96,762) Total net (expense) revenue$ 33,682,883$ 38,028,566 4,345,683 (1,500,415) General revenues 15,543,710 14,991,157 Taxes 2,756,805 Grants and contributions not restricted to specific programs (2,615,480) (72,212) Investment earnings (charges) 90,371 161,863 Other Total general revenues 15,775,406 15,080,808 Change in net position 20,121,089 13,580,393 265,963,506 252,383,113 $ 286,084,595$ 265,963,506 One of the goals of this statement is to provide a side-by-side comparison to illustrate the difference in the way the Citys governmental and business-type operations are financed. The table clearly illustrates the dependence of the Citys governmental operations on general revenues, such as taxes, unrestricted grants, and unrestricted investment earnings. In contrast, the Citys business-type activities tend to rely more heavily on program revenues like charges for services (sales) and program-specific grants to cover expenses. This is critical given the current downward pressures on the general revenue sources. The change in net (expense) revenue presented in the table above, when compared to the prior year, is primarily due to the amount of developer contributions and capital grants recognized from year-to-year. These contributions fluctuate with the size and number of completed development projects. spending of federal CSLFRF resources that was reported in unrestricted grants, also impacted the comparison to prior year, as presented in the above table. Negative adjustments on investments in the current year reduced investment earnings compared to prior year, as seen in the above table. -20- Qbhf!2:5!pg!623 ACCOUNTING AND AUDITING UPDATES The following is a summary of Governmental Accounting Standards Board (GASB) standards expected to be implemented in the next few years. GASB S TATEMENT N O. 96, S UBSCRIPTION-B ASED I NFORMATION T ECHNOLOGY A RRANGEMENTS This statement provides guidance on the accounting and financial reporting for subscription-based information technology arrangements (SBITAs) for government end users (governments). This statement (1) defines an SBITA; (2) establishes that an SBITA results in a right-to-use subscription assetan intangible assetand a corresponding subscription liability; (3) provides the capitalization criteria for outlays other than subscription payments, including implementation costs of an SBITA; and (4) requires note disclosures regarding an SBITA. To the extent relevant, the standards for SBITAs are based on the standards established in Statement No. 87, Leases, as amended. An SBITA is defined as a c underlying IT assets), as specified in the contract for a period of time in an exchange or exchange-like transaction. Under this statement, a government generally should recognize a right-to-use subscription assetan intangible assetand a corresponding subscription liability. This statement provides an exception for short-term SBITAs with a maximum possible term under the SBITA contract of 12 months, including any options to extend, regardless of their probability of being exercised. Subscription payments for short-term SBITAs should be recognized as outflows of resources. This statement requires a government to disclose descriptive information about its SBITAs other than short-term SBITAs, such as the amount of the subscription asset, accumulated amortization, other payments not included in the measurement of a subscription liability, principal and interest requirements for the subscription liability, and other essential information. The requirements of this statement are effective for fiscal years beginning after June 15, 2022, and all reporting periods thereafter. GASB S TATEMENT N O. 99, O MNIBUS 2022 The objectives of this statement are to enhance comparability in accounting and financial reporting and to improve the consistency of authoritative literature by addressing (1) practice issues that have been identified during implementation and application of certain GASB statements and (2) accounting and financial reporting for financial guarantees. The practice issues addressed by this statement are as follows: !Classification and reporting of derivative instruments within the scope of Statement No. 53, Accounting and Financial Reporting for Derivative Instruments, that do not meet the definition of either an investment derivative instrument or a hedging derivative instrument. !Clarification of provisions in Statement No. 87, Leases, as amended, related to the determination of the lease term, classification of a lease as a short-term lease, recognition and measurement of a lease liability and a lease asset, and identification of lease incentives. !Clarification of provisions in Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements, related to (a) the determination of the public-private and public-public partnership (PPP) term and (b) recognition and measurement of installment payments and the transfer of the underlying PPP asset. -21- Qbhf!2:6!pg!623 !Clarification of provisions in Statement No. 96, Subscription-Based Information Technology Arrangements, related to the SBITAterm, classification of anSBITA as a short-term SBITA, and recognition and measurement of a subscription liability. !Extension of the period during which the London Interbank Offered Rate (LIBOR) is considered an appropriate benchmark interest rate for the qualitative evaluation of the effectiveness of an interest rate swap that hedges the interest rate risk of taxable debt. !Accounting for the distribution of benefits as part of the Supplemental Nutrition Assistance Program (SNAP). !Disclosures related to nonmonetary transactions. !Pledges of future revenues when resources are not received by the pledging government. !Clarification of provisions in Statement No. 34, Basic Financial Statements Discussion and Analysisfor State and Local Governments, as amended, related to the focus of the government-wide financial statements. !Terminology updates related to certain provisions of Statement No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position. !Terminology used in Statement No. 53, Accounting and Financial Reporting for Derivative Instruments, to refer to resource flows statements. The requirements of this statement that are effective are as follows: !The requirements related to extension of the use of LIBOR, accounting for SNAP distributions, disclosures of nonmonetary transactions, pledges of future revenues by pledging governments, clarification of certain provisions in Statement No. 34, as amended, and terminology updates related to Statement No. 53 and Statement No. 63 are effective upon issuance. !The requirements related to leases, PPPs, and SBITAs are effective for fiscal years beginning after June 15, 2022, and all reporting periods thereafter. !The requirements related to financial guarantees and the classification and reporting of derivative instruments within the scope of Statement No. 53 are effective for fiscal years beginning after June 15, 2023, and all reporting periods thereafter. GASB S TATEMENT N O. 100, A CCOUNTING C HANGES AND E RROR C ORRECTIONS AN AMENDMENT OF GASB S TATEMENT N O. 62 The primary objective of this statement is to enhance accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. The requirements of this statement will improve the clarity of the accounting and financial reporting requirements for accounting changes and error corrections, which will result in greater consistency in application in practice. In turn, more understandable, reliable, relevant, consistent, and comparable information will be provided to financial statement users for making decisions or assessing accountability. In addition, the display and note disclosure requirements will result in more consistent, decision useful, understandable, and comprehensive information for users about accounting changes and error corrections. The requirements of this statement are effective for accounting changes and error corrections made in fiscal years beginning after June 15, 2023, and all reporting periods thereafter. Earlier application is encouraged. -22- Qbhf!2:7!pg!623 GASB S TATEMENT N O. 101, C OMPENSATED A BSENCES The objective of this statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures. This statement requires that liabilities for compensated absences be recognized for (1) leave that has not been used and (2) leave that has been used, but not yet paid in cash or settled through noncash means. A liability should be recognized for leave that has not been used if (a) the leave is attributable to services already rendered, (b) the leave accumulates, and (c) the leave is more likely than not to be used for time off or otherwise paid in cash or settled through noncash means. Leave is attributable to services already rendered when an employee has performed the services required to earn the leave. Leave that accumulates is carried forward from the reporting period in which it is earned to a future reporting period during which it may be used for time off or otherwise paid or settled. This statement requires that a liability for certain types of compensated absencesincluding parental leave, military leave, and jury duty leavenot be recognized until the leave commences. This statement also requires that a liability for specific types of compensated absences not be recognized until the leave is used. This statement also establishes guidance for measuring a liability for leave that has not been used, statements. A liability for leave that has been used, but not yet paid or settled should be measured at the amount of the cash payment or noncash settlement to be made. Certain salary-related payments that are directly and incrementally associated with payments for leave also should be included in the measurement of the liabilities. With respect to financial statements prepared using the current financial resources measurement focus, this statement requires that expenditures be recognized for the amount that normally would be liquidated with expendable available financial resources. The requirements of this statement are effective for fiscal years beginning after December 15, 2023, and all reporting periods thereafter. Earlier application is encouraged. -23- Qbhf!2:8!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!2:9!pg!623 CITY OF ROSEMOUNT DAKOTACOUNTY,MINNESOTA Special Purpose Audit Reports Year Ended December 31, 2022 Qbhf!2::!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!311!pg!623 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA Special Purpose Audit Reports Year Ended December 31, 2022 Table of Contents Page on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 3 Schedule of Findings and Responses4 Qbhf!312!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!313!pg!623 D FSUJGJFE Q VCMJD B DDPVOUBOUT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the City Counciland Management City of Rosemount, Minnesota We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, each major fund,and the aggregate remaining fund information of the City of Rosemount, Minnesota (the City) as of and for the year ended December31, 2022, and the , and haveissued our report thereon datedJune 14,2023. R EPORT ON I NTERNAL C ONTROL O VER F INANCIAL R EPORTING over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the not expres Adeficiency in internal controlexists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weaknessis a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement ments will not be prevented, or detected and corrected, on a timely basis. A significant deficiencyis a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attentionby those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. (continued) -1- Qbhf!314!pg!623 R EPORT ON C OMPLIANCE AND O THER M ATTERS material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. P URPOSE OF T HIS R EPORT The purpose of this report is solely to describe the scope of our testing of internal control and compliance control or on compliance. This report isan integral part of an audit performed in accordance with Government Auditing Standards this report is not suitable for any other purpose. Minneapolis, Minnesota June 14, 2023 -2- Qbhf!315!pg!623 D FSUJGJFE Q VCMJD B DDPVOUBOUT ONMINNESOTA LEGAL COMPLIANCE To the City Council and Management City of Rosemount,Minnesota We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States,the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Rosemount, Minnesota (the City) as of and for the year ended December31, 2022,and the and have issued our report thereon datedJune 14, 2023. M INNESOTA L EGAL C OMPLIANCE In connection with our audit, we noted that the City failed to comply with provisions of the contracting bid lawssection of the Minnesota Legal Compliance Audit Guide for Cities, promulgated by the State Auditor pursuant to Minnesota Statutes § 6.65, insofar as they relate to accounting matters as described in the Schedule of Findings and Responsesas finding2022-001. Also, in connection with our audit, nothing came to our attention that caused us to believe that the City failed to comply with the provisions of the claims and disbursements,depositories of public funds and public investments, conflicts of interest, public indebtedness, miscellaneous provisions, and tax increment financingsections of the Minnesota Legal Compliance Audit Guide for Cities, insofar as they relate to accounting matters. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, other matters may have come to our attention accounting matters. C ITYS R ESPONSE TO F INDING Government Auditing Standards to the legal compliance finding identified in our audit and described in the accompanying Schedule of Findings and Responses. The Cityasnot subjected to the other auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on the response. P URPOSE OF T HIS R EPORT The purpose of this report is solely to describe the scope of our testing of compliance and the results of that testing, and not to provide an opinion on compliance. Accordingly, this reportis not suitable for any other purpose. Minneapolis, Minnesota June 14, 2023 -3- Qbhf!316!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!317!pg!623 CITY OF ROSEMOUNT Schedule of Findings and Responses Year Ended December 31, 2022 MINNESOTA LEGAL COMPLIANCE FINDING 2022-001 C ONTRACT L ANGUAGE P AYMENT OF S UBCONTRACTORS Criteria Minnesota Statutes § 471.425, Subd. 4a. Condition The contracts for construction services must include specific language that requires the prime contractor to pay any City or pay interest at the rate of 1.5 percent per month on any unpaid balance. This required language was not included in one of the contracts awarded during the year ended December 31, 2022. Questioned Costs Not applicable. Context One of three bids tested was not in compliance. Repeat Finding This is a current year finding. Cause This was an oversight by city personnel. Effect One contract awarded by the City did not include the required statutory language. Recommendation We recommend that the City include this required language in all future contracts. View of Responsible Official and Planned Corrective Actions There is no disagreement with the audit finding. The City will review its procedures to ensure the required contract language is included in all city contracts in the future. -4- Qbhf!318!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!319!pg!623 D FSUJGJFE Q VCMJD B DDPVOUBOUT REPORT ON COMPLIANCEFOR THEU.S. DEPARTMENT OFTHE TREASURYCORONAVIRUS STATE AND LOCALFISCAL RECOVERY FUNDS (CSLFRF)PROGRAM REQUIREMENTS FOR AN ALTERNATIVECSLFRFCOMPLIANCE EXAMINATION ENGAGEMENT INDEPENDENT To the City Council and Management City of Rosemount, Minnesota We have examinedtheCity of Rosemount,(the City)compliance with the compliance Engagement for Recipients That Would Otherwise be Required to Undergo a Single Audit or Program- the CSLFRF Section of the 2022 Office of Management and BudgetCompliance Supplement(referred to specified requirements. Our responsibility is to expres specified requirements based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants; the standards applicable to attestation engagements contained in Government Auditing Standards, issued by the Comptroller General of the United States; and in the requirements require that we plan and perform the examination to obtain reasonable assurance about whether the City complied, in all material respects, with the specified requirements referenced above. An examination involves performing procedures to obtain evidence about whether the City complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. We are required to be independent and meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the engagement. the specified requirements. In our opinion, the City complied, in all material respects, with the specified requirements referenced above during the year ended December 31, 2022. (continued) Qbhf!31:!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!321!pg!623 O THER R EPORTING R EQUIRED BY G OVERNMENT A UDITING S TANDARDS In accordance with Government Auditing Standards, we are required to report all deficiencies that are considered to be significant deficiencies or material weaknesses in internal control; fraud, and noncompliance with provisions of laws, regulations, contracts, or grant agreements that have a material effect on compliance with the specified requirements; and any other instances that warrant the attention of those charged with governance. We are also required to obtain and report the views of responsible officials concerning the findings, conclusions, and recommendations, as well as any planned corrective actions. We performed our examination to express an opinion on compliance with the specified requirements and not for the purpose of expressing an opinion on the internal control over the specified requirements or on compliance and other matters; accordingly, we express no such opinions. The results of our tests disclosed no matters that are required to be reported under Government Auditing Standards. P URPOSE OF T HIS R EPORT The purpose of this examination report is solely to express an opinion on whether the City complied, in all material respects, with the specified requirements referenced above and on the previous page during the year ended December 31, 2022. Accordingly, this report is not suitable for any other purpose. Minneapolis, Minnesota June 14, 2023 Qbhf!322!pg!623 THIS PAGE INTENTIONALLY LEFT BLANK Qbhf!323!pg!623 6/05/2023 9:04 AM A / P CHECK REGISTER PAGE: 1 PACKET: 06695 06/01/23 PY Regular Payments VENDOR SET: 01 *** DRAFT/OTHER LISTING *** BANK : PYBNK MERCHANTS BANK - PY ITEM PAID ITEM ITEM VENDOR NAME / I.D. DESC TYPE DATE DISCOUNT AMOUNT NO# AMOUNT 011310 AFLAC I-161202305319462 AFLAC INSURANCE PREMIUMS D 6/01/2023 352.34CR 001508 I-162202305319462 AFLAC INSURANCE PREMIUMS D 6/01/2023 267.84CR 001508 620.18 005806 BPAS-BENEFIT PLANS ADMIN SRVS I-250202305319462 VEBA - EMPLOYEE CONTRIBUTIONS D 6/01/2023 105.00CR 001509 I-252202305319462 EMPLOYER VEBA CONTRIBUTIONS D 6/01/2023 370.42CR 001509 475.42 000003 INTERNAL REVENUE SERVICE I-T1 202305319462 FEDERAL WITHHOLDING D 6/01/2023 32,685.79CR 001510 I-T3 202305319462 FICA W/H & CONTRIBUTIONS D 6/01/2023 30,385.10CR 001510 I-T4 202305319462 MEDICARE W/H & CONTRIBUTIONS D 6/01/2023 10,480.90CR 001510 73,551.79 000004 MN DEPT OF REVENUE I-T2 202305319462 MN STATE WITHHOLDING D 6/01/2023 15,566.62CR 001511 15,566.62 002238 MN STATE RETIREMENT SYSTEM I-260202305319462 MSRS-EMPLOYEE CONTRIBUTION D 6/01/2023 600.00CR 001512 I-262202305319462 MSRS-EMPLOYEE CONTRIBUTION D 6/01/2023 983.01CR 001512 I-263202305319462 MSRS-EMPLOYEE CONTRIBUTION D 6/01/2023 700.00CR 001512 I-264202305319462 MSRS-EMPLOYEE CONTRIBUTION D 6/01/2023 480.00CR 001512 I-350202305319462 DEFERRED COMP WITHHOLDING D 6/01/2023 3,507.00CR 001512 I-351202305319462 DEFERRED COMP WITHHOLDING D 6/01/2023 319.29CR 001512 I-352202305319462 ROTH 457 CONTRIBUTIONS D 6/01/2023 1,600.00CR 001512 I-353202305319462 ROTH 457 CONTRIBUTIONS D 6/01/2023 918.70CR 001512 I-354202305319462 DEF COMP W/H INS. WAIVER D 6/01/2023 3,640.00CR 001512 12,748.00 140290 NATIONWIDE RETIREMENT SOL I-310202305319462 DEFERRED COMP WITHHOLDING D 6/01/2023 4,506.39CR 001513 I-311202305319462 DEFERRED COMP WITHHOLDING D 6/01/2023 737.91CR 001513 I-312202305319462 DEF COMP W/H INS. WAIVER D 6/01/2023 2,073.92CR 001513 I-340202305319462 ROTH 457 CONTRIBUTIONS D 6/01/2023 1,938.92CR 001513 I-341202305319462 ROTH 457 CONTRIBUTIONS D 6/01/2023 157.14CR 001513 9,414.28 162110 PUBLIC EMPLOYEE I-300202305319462 PERA W/H - COORDINATED D 6/01/2023 32,935.05CR 001514 I-301202305319462 PERA W/H - POLICE DEPT D 6/01/2023 36,997.86CR 001514 I-302202305319462 PERA W/H - ELECTED D 6/01/2023 273.00CR 001514 70,205.91 005807 WEX HEALTH INC I-230202305319462 HSA - EMPLOYEE CONTRIBUTION D 6/01/2023 3,522.90CR 001515 3,522.90 Qbhf!324!pg!623 6/05/2023 9:04 AM A / P CHECK REGISTER PAGE: 2 PACKET: 06695 06/01/23 PY Regular Payments VENDOR SET: 01 *** DRAFT/OTHER LISTING *** BANK : PYBNK MERCHANTS BANK - PY ITEM PAID ITEM ITEM VENDOR NAME / I.D. DESC TYPE DATE DISCOUNT AMOUNT NO# AMOUNT * * T O T A L S * * NO# DISCOUNTS CHECK AMT TOTAL APPLIED REGULAR CHECKS: 0 0.00 0.00 0.00 HANDWRITTEN CHECKS: 0 0.00 0.00 0.00 PRE-WRITE CHECKS: 0 0.00 0.00 0.00 DRAFTS: 8 0.00 186,105.10 186,105.10 VOID CHECKS: 0 0.00 0.00 0.00 NON CHECKS: 0 0.00 0.00 0.00 CORRECTIONS: 0 0.00 0.00 0.00 REGISTER TOTALS: 8 0.00 186,105.10 186,105.10 TOTAL ERRORS: 0 TOTAL WARNINGS: 0 Qbhf!325!pg!623 6/05/2023 9:04 AMA / P CHECK REGISTERPAGE: 3 PACKET:06695 06/01/23 PY Regular Payments VENDOR SET: 01*** DRAFT/OTHER LISTING *** BANK: PYBNK MERCHANTS BANK - PY ITEM PAIDITEMITEM VENDOR NAME / I.D.DESCTYPE DATEDISCOUNTAMOUNTNO#AMOUNT ** POSTING PERIOD RECAP ** FUND PERIOD AMOUNT ------------------------------------------- 1016/2023153,647.48CR 2016/20231,490.09CR 6016/20239,429.26CR 6026/20239,429.31CR 6036/20238,560.75CR 6506/20233,548.21CR =========================================== ALL 186,105.10CR Qbhf!326!pg!623 6-01-2023 10:21 AM A/P PAYMENT REGISTER PAGE: 1 PACKET: 06694 06/01/23 PY EFT Payments VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK EFT STAT DUE DT GROSS PAYMENT OUTSTANDING DATE/# DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-005836 ICMA RETIREMENT CORP I 330202305319462 ICMA CONTRIBUTIONS-PLAN#303 PYBNK 6/02/2023 E 6/01/2023 1,640.76 1,640.76CR G/L ACCOUNT CK: 000073 1,640.76 101 21724 DEFERRED COMP 1,041.31 ICMA CONTRIBUTIONS-PLAN#303970 601 21724 DEFERRED COMP 158.15 ICMA CONTRIBUTIONS-PLAN#303970 602 21724 DEFERRED COMP 158.15 ICMA CONTRIBUTIONS-PLAN#303970 603 21724 DEFERRED COMP 283.15 ICMA CONTRIBUTIONS-PLAN#303970 I 331202305319462 ICMA CONTRIBUTIONS-PLAN#303 PYBNK 6/02/2023 E 6/01/2023 60.76 60.76CR G/L ACCOUNT CK: 000073 60.76 101 21724 DEFERRED COMP 48.13 ICMA CONTRIBUTIONS-PLAN#303970 650 21724 DEFERRED COMP 12.63 ICMA CONTRIBUTIONS-PLAN#303970 I 333202305319462 ICMA INS. WAIVER-PLAN#30397 PYBNK 6/02/2023 E 6/01/2023 1,296.20 1,296.20CR G/L ACCOUNT CK: 000073 1,296.20 101 21724 DEFERRED COMP 1,011.03 ICMA INS. WAIVER-PLAN#303970 601 21724 DEFERRED COMP 103.70 ICMA INS. WAIVER-PLAN#303970 602 21724 DEFERRED COMP 103.70 ICMA INS. WAIVER-PLAN#303970 603 21724 DEFERRED COMP 77.77 ICMA INS. WAIVER-PLAN#303970 I 334202305319462 ROTH 457 CONTRIBUTIONS PYBNK 6/02/2023 E 6/01/2023 150.00 150.00CR G/L ACCOUNT CK: 000073 150.00 101 21720 ROTH 457 CONTRIBUTIONS 150.00 ROTH 457 CONTRIBUTIONS EFT 1 3,147.72 3,147.72CR 0.00 3,147.72 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!327!pg!623 6-01-2023 10:21 AMA/P PAYMENT REGISTERPAGE:2 PACKET:06694 06/01/23 PY EFT Payments VENDOR SET: 01 =================================================== R E P O R T T O T A L S =================================================== F U N D D I S T R I B U T I O N FUND NO# FUND NAME AMOUNT ---------------------------------------------------------- 101 GENERAL FUND2,250.47CR 601 WATER UTILITY FUND261.85CR 602 SEWER UTILITY FUND261.85CR 603 STORM WATER UTILITY FUND360.92CR 650 ARENA FUND12.63CR ** TOTALS ** 3,147.72CR ==================================================================================================================================== ---- TYPE OF CHECK TOTALS ---- GROSSPAYMENTOUTSTANDING NUMBERBALANCEDISCOUNT HAND CHECKS0.000.000.00 0.000.00 DRAFTS0.000.000.00 0.000.00 REG-CHECKS0.000.000.00 0.000.00 EFT13,147.723,147.72CR0.00 3,147.720.00 NON-CHECKS0.000.000.00 0.000.00 ALL CHECKS13,147.723,147.72CR0.00 3,147.720.00 TOTAL CHECKS TO PRINT: 0 ------------------------------------------------------------------------------------------------------------------------------------ ERRORS:0WARNINGS:0 Qbhf!328!pg!623 6-08-2023 7:41 AM A/P PAYMENT REGISTER PAGE: 1 PACKET: 06699 06/08/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-240010 XCEL ENERGY I 8807010-0 5/23 WELL #15 APBNK 6/08/2023 R 5/25/2023 5,178.98 5,178.98CR G/L ACCOUNT CK: 152460 5,178.98 601 49425-01-381.00 ELECTRIC UTILITIES 5,178.98 WELL #15 REG. CHECK 1 5,178.98 5,178.98CR 0.00 5,178.98 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!329!pg!623 6-08-2023 7:41 AMA/P PAYMENT REGISTERPAGE:2 PACKET:06699 06/08/2023 AP CHECK RUN VENDOR SET: 01 =================================================== R E P O R T T O T A L S =================================================== F U N D D I S T R I B U T I O N FUND NO# FUND NAME AMOUNT ---------------------------------------------------------- 601 WATER UTILITY FUND 5,178.98CR ** TOTALS ** 5,178.98CR ==================================================================================================================================== ---- TYPE OF CHECK TOTALS ---- GROSSPAYMENTOUTSTANDING NUMBERBALANCEDISCOUNT HAND CHECKS0.000.000.00 0.000.00 DRAFTS0.000.000.00 0.000.00 REG-CHECKS15,178.985,178.98CR0.00 5,178.980.00 EFT0.000.000.00 0.000.00 NON-CHECKS0.000.000.00 0.000.00 ALL CHECKS 1 5,178.98 5,178.98CR 0.00 5,178.980.00 ------------------------------------------------------------------------------------------------------------------------------------ ERRORS:0WARNINGS:0 Qbhf!32:!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 1 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-003317 3 GUYS SEWING I 9928 TEEN ACADEMY T-SHIRTS APBNK 6/15/2023 R 4/27/2023 53.00 53.00CR G/L ACCOUNT CK: 152461 53.00 101 42110-01-435.00 COMMUNITY ENGAGEMENT SUPPLIES 53.00 TEEN ACADEMY T-SHIRTS REG. CHECK 1 53.00 53.00CR 0.00 53.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003378 4 ACE PRODUCTIONS I 2023-0169 SAFETY CAMP PRESENTER APBNK 6/15/2023 R 1/20/2023 345.00 345.00CR G/L ACCOUNT CK: 152462 345.00 101 45100-91-219.00 OTHER OPERATING SUPPLIES 345.00 SAFETY CAMP PRESENTER REG. CHECK 1 345.00 345.00CR 0.00 345.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003860 ACCELERATED TECHNOLOGIES LL I 10168 FIRE 2 CABLE RUN FOR CUBE APBNK 6/15/2023 R 5/15/2023 955.00 955.00CR G/L ACCOUNT CK: 152463 955.00 101 41940-01-319.00 OTHER PROFESSIONAL SERVICES 955.00 FIRE 2 CABLE RUN FOR CUBE REG. CHECK 1 955.00 955.00CR 0.00 955.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004186 ADVANCE AUTO PARTS I 1596-ID-369165 CAR FRESHENER TREES APBNK 6/15/2023 R 5/01/2023 15.80 15.80CR G/L ACCOUNT CK: 152464 15.80 101 43100-01-211.00 CLEANING SUPPLIES 15.80 CAR FRESHENER TREES I 1596-ID-369205 SHOP SUPPLIES & LUBRICANTS APBNK 6/15/2023 R 5/01/2023 403.10 403.10CR G/L ACCOUNT CK: 152464 403.10 101 43100-01-215.00 SHOP MATERIALS 239.92 SHOP SUPPLIES & LUBRICANTS 101 43100-01-213.00 LUBRICANTS & ADDITIVES 163.18 SHOP SUPPLIES & LUBRICANTS I 1596-ID-369247 OIL DRAIN PLUGS APBNK 6/15/2023 R 5/02/2023 14.42 14.42CR G/L ACCOUNT CK: 152464 14.42 101 43100-01-221.00 EQUIPMENT PARTS 14.42 OIL DRAIN PLUGS I 1596-ID-369444 HEATER HOSE,FITTINGS,CLAMPS APBNK 6/15/2023 R 5/05/2023 360.24 360.24CR G/L ACCOUNT CK: 152464 360.24 101 43100-01-221.00 EQUIPMENT PARTS 360.24 HEATER HOSE,FITTINGS,CLAMPS,ET Qbhf!331!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 2 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I 1596-ID-369445 MICRO V-BELT & SEAFOAM APBNK 6/15/2023 R 5/05/2023 92.61 92.61CR G/L ACCOUNT CK: 152464 92.61 101 43100-01-221.00 EQUIPMENT PARTS 54.77 MICRO V-BELT & SEAFOAM 101 43100-01-213.00 LUBRICANTS & ADDITIVES 37.84 MICRO V-BELT & SEAFOAM I 1596-ID-369446 GLOVES & DIESEL EXHAUST FLU APBNK 6/15/2023 R 5/05/2023 151.26 151.26CR G/L ACCOUNT CK: 152464 151.26 101 43100-01-215.00 SHOP MATERIALS 131.95 GLOVES & DIESEL EXHAUST FLUID 101 43100-01-213.00 LUBRICANTS & ADDITIVES 19.31 GLOVES & DIESEL EXHAUST FLUID I 1596-ID-369744 PARTS, ADDITIVES & SUPPLIES APBNK 6/15/2023 R 5/12/2023 2,626.11 2,626.11CR G/L ACCOUNT CK: 152464 2,626.11 101 43100-01-213.00 LUBRICANTS & ADDITIVES 130.02 PARTS, ADDITIVES & SUPPLIES 101 43100-01-215.00 SHOP MATERIALS 719.76 PARTS, ADDITIVES & SUPPLIES 101 43100-01-221.00 EQUIPMENT PARTS 1,776.33 PARTS, ADDITIVES & SUPPLIES I 1596-ID-369825 HITCH BUSHINGS & PINS APBNK 6/15/2023 R 5/15/2023 66.46 66.46CR G/L ACCOUNT CK: 152464 66.46 101 43100-01-221.00 EQUIPMENT PARTS 66.46 HITCH BUSHINGS & PINS I 1596-ID-370118 FILTERS,COATED ROTORS,ETC APBNK 6/15/2023 R 5/18/2023 290.81 290.81CR G/L ACCOUNT CK: 152464 290.81 101 43100-01-211.00 CLEANING SUPPLIES 13.78 FILTERS,COATED ROTORS,ETC 101 43100-01-221.00 EQUIPMENT PARTS 277.03 FILTERS,COATED ROTORS,ETC I 1596-ID-370516 ROTORS,PADS,FILTERS,ETC APBNK 6/15/2023 R 5/26/2023 541.27 541.27CR G/L ACCOUNT CK: 152464 541.27 101 43100-01-213.00 LUBRICANTS & ADDITIVES 57.93 ROTORS,PADS,FILTERS,ETC 101 43100-01-221.00 EQUIPMENT PARTS 483.34 ROTORS,PADS,FILTERS,ETC REG. CHECK 1 4,562.08 4,562.08CR 0.00 4,562.08 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005955 MUHAMMAD AHMAD I 2023-0188 PERMIT 4534-DAMAGE DEPOSIT APBNK 6/15/2023 R 6/09/2023 300.00 300.00CR G/L ACCOUNT CK: 152466 300.00 101 22005 REFUNDS PAYABLE - P&R 300.00 PERMIT 4534-DAMAGE DEPOSIT REG. CHECK 1 300.00 300.00CR 0.00 300.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!332!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 3 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-005879 ALLIANT ENGINEERING INC I 74153 AKRON AVE SOUTH EXT APBNK 6/15/2023 R 5/24/2023 23,285.62 23,285.62CR G/L ACCOUNT CK: 152467 23,285.62 483 48000-01-303.00 ENGINEERING FEES 23,285.62 AKRON AVE SOUTH EXT REG. CHECK 1 23,285.62 23,285.62CR 0.00 23,285.62 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005686 AMERICAN MAILING MACHINES I IN118017 POSTAGE INK APBNK 6/15/2023 R 5/23/2023 174.00 174.00CR G/L ACCOUNT CK: 152468 174.00 101 41810-01-322.00 POSTAGE COSTS 174.00 POSTAGE INK I IN118095 SEALING SOLUTION APBNK 6/15/2023 R 6/05/2023 50.15 50.15CR G/L ACCOUNT CK: 152468 50.15 101 41810-01-322.00 POSTAGE COSTS 50.15 SEALING SOLUTION REG. CHECK 1 224.15 224.15CR 0.00 224.15 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-011644 APPLE FORD LINCOLN AV I A1CB266609 REPAIR LABOR APBNK 6/15/2023 R 3/09/2023 92.50 92.50CR G/L ACCOUNT CK: 152469 92.50 101 43100-01-404.00 CONTRACTED MACH & EQUIP SERV 92.50 REPAIR LABOR I A1CP266871 PARTS & REPAIR LABOR-UNIT 3 APBNK 6/15/2023 R 3/13/2023 1,785.27 1,785.27CR G/L ACCOUNT CK: 152469 1,785.27 206 49006-01-409.00 OTHER CONTRACTED REPAIR & MAIN 1,785.27 PARTS & REPAIR LABOR-UNIT 342 I A1CP293839 PARTS & REPAIR LABOR-UNIT 3 APBNK 6/15/2023 R 5/16/2023 12,515.14 12,515.14CR G/L ACCOUNT CK: 152469 12,515.14 206 49006-01-409.00 OTHER CONTRACTED REPAIR & MAIN 12,515.14 PARTS & REPAIR LABOR-UNIT 341 I A1W620162 SENSOR APBNK 6/15/2023 R 5/23/2023 50.93 50.93CR G/L ACCOUNT CK: 152469 50.93 101 43100-01-221.00 EQUIPMENT PARTS 50.93 SENSOR REG. CHECK 1 14,443.84 14,443.84CR 0.00 14,443.84 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!333!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 4 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-005657 AT&T MOBILITY I X06032023 SCADA SRV-WELLS,LIFTS,TOWER APBNK 6/15/2023 R 5/25/2023 508.12 508.12CR G/L ACCOUNT CK: 152470 508.12 601 49400-01-321.00 TELEPHONE COSTS 169.37 SCADA SRV-WELLS,LIFTS,TOWERS 602 49450-01-321.00 TELEPHONE COSTS 169.37 SCADA SRV-WELLS,LIFTS,TOWERS 603 49500-01-321.00 TELEPHONE COSTS 169.38 SCADA SRV-WELLS,LIFTS,TOWERS REG. CHECK 1 508.12 508.12CR 0.00 508.12 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-020090 BACHMAN'S INC-CREDIT DEPT I 331951/50 YOUTH COMMISSION TREES APBNK 6/15/2023 R 5/24/2023 641.25 641.25CR G/L ACCOUNT CK: 152471 641.25 101 41110-01-225.00 LANDSCAPING MATERIALS 641.25 YOUTH COMMISSION TREES REG. CHECK 1 641.25 641.25CR 0.00 641.25 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005956 ROSE BAUERNFEIND I 2023-0189 PERMIT 3574-DAMAGE DEPOSIT APBNK 6/15/2023 R 6/08/2023 300.00 300.00CR G/L ACCOUNT CK: 152472 300.00 101 22005 REFUNDS PAYABLE - P&R 300.00 PERMIT 3574-DAMAGE DEPOSIT REG. CHECK 1 300.00 300.00CR 0.00 300.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003582 BAYCOM INC I EQUIPINV_044090 ADD'L TOUGHBOOK TRUCK MOUNT APBNK 6/15/2023 R 5/31/2023 835.00 835.00CR G/L ACCOUNT CK: 152473 835.00 101 42210-01-229.00 OTHER MAINTENANCE SUPPLIES 835.00 ADD'L TOUGHBOOK TRUCK MOUNT REG. CHECK 1 835.00 835.00CR 0.00 835.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003889 BERRY COFFEE COMPANY I 956580 COFFEE SUPPLIES FOR SC APBNK 6/15/2023 R 6/01/2023 81.00 81.00CR G/L ACCOUNT CK: 152474 81.00 101 45100-30-219.00 OTHER OPERATING SUPPLIES 81.00 COFFEE SUPPLIES FOR SC Qbhf!334!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 5 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ REG. CHECK 1 81.00 81.00CR 0.00 81.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005954 SALLY BJERKE I 2023-0186 PERMIT 4829-DAMAGE DEPOSIT APBNK 6/15/2023 R 6/05/2023 300.00 300.00CR G/L ACCOUNT CK: 152475 300.00 101 22005 REFUNDS PAYABLE - P&R 300.00 PERMIT 4829-DAMAGE DEPOSIT REG. CHECK 1 300.00 300.00CR 0.00 300.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005738 BOARMAN KROOS VOGEL GROUP I I 61622 POLICE & PW CAMPUS APBNK 6/15/2023 R 5/10/2023 219,592.43 219,592.43CR G/L ACCOUNT CK: 152476 219,592.43 421 48000-01-302.00 ARCHITECTS' FEES 219,592.43 POLICE & PW CAMPUS REG. CHECK 1 219,592.43 219,592.43CR 0.00 219,592.43 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004012 BOLTON & MENK INC I 0312770 145TH ST BUMP OUT REPLACEME APBNK 6/15/2023 R 5/25/2023 2,212.00 2,212.00CR G/L ACCOUNT CK: 152477 2,212.00 203 49003-01-532.00 IMPROVEMENTS OTHER THAN BLDGS 2,212.00 145TH ST BUMP OUT REPLACEMENT I 0312771 2021 TRUNK SANITARY SEWER APBNK 6/15/2023 R 5/25/2023 10,681.50 10,681.50CR G/L ACCOUNT CK: 152477 10,681.50 628 48000-01-303.00 ENGINEERING FEES 10,681.50 2021 TRUNK SANITARY SEWER I 0312773 BONAIRE PATH QUIET ZONE APBNK 6/15/2023 R 5/25/2023 3,547.00 3,547.00CR G/L ACCOUNT CK: 152477 3,547.00 446 48000-01-303.00 ENGINEERING FEES 3,547.00 BONAIRE PATH QUIET ZONE REG. CHECK 1 16,440.50 16,440.50CR 0.00 16,440.50 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-021815 BRAUN INTERTEC CORP I B344748 PICKLE BALL GEO TECH APBNK 6/15/2023 R 6/08/2023 1,655.00 1,655.00CR G/L ACCOUNT CK: 152478 1,655.00 205 49005-01-540.00 IMPROVEMENTS OTHER THAN BLDGS 1,655.00 PICKLE BALL GEO TECH Qbhf!335!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 6 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ REG. CHECK 1 1,655.00 1,655.00CR 0.00 1,655.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004103 BUSINESS ESSENTIALS I OE-QT-73059-1 MISC PAPER SUPPLIES-STOCK APBNK 6/15/2023 R 5/18/2023 860.00 860.00CR G/L ACCOUNT CK: 152479 860.00 101 41810-01-203.00 PRINTED FORMS & PAPER 860.00 MISC PAPER SUPPLIES-STOCK I OE-QT-73293-1 MISC PAPER SUPPLIES-STOCK APBNK 6/15/2023 R 6/01/2023 860.00 860.00CR G/L ACCOUNT CK: 152479 860.00 101 41810-01-203.00 PRINTED FORMS & PAPER 860.00 MISC PAPER SUPPLIES-STOCK REG. CHECK 1 1,720.00 1,720.00CR 0.00 1,720.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003796 CAMPBELL KNUTSON PA I 2023-0171 APRIL LEGAL SERVICES APBNK 6/15/2023 R 4/30/2023 9,145.80 9,145.80CR G/L ACCOUNT CK: 152480 9,145.80 101 42110-01-304.00 LEGAL FEES 9,145.80 APRIL LEGAL SERVICES REG. CHECK 1 9,145.80 9,145.80CR 0.00 9,145.80 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005744 CARSTAR APPLE VALLEY I 48161-0 REMAINING REPAIR-SQUAD 3540 APBNK 6/15/2023 R 9/22/2022 814.00 814.00CR G/L ACCOUNT CK: 152481 814.00 206 49006-01-409.00 OTHER CONTRACTED REPAIR & MAIN 814.00 REMAINING REPAIR-SQUAD 3540 REG. CHECK 1 814.00 814.00CR 0.00 814.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-002078 CDW GOVERNMENT INC I JF18745 KEYBOARD(1) - PD APBNK 6/15/2023 R 4/24/2023 76.88 76.88CR G/L ACCOUNT CK: 152482 76.88 101 41520-01-392.00 P.C. ACCESSORIES & SUPPLIES 76.88 KEYBOARD(1) - PD I JF95210 MONITOR ADAPTOR (1) - PW APBNK 6/15/2023 R 4/25/2023 27.97 27.97CR G/L ACCOUNT CK: 152482 27.97 101 41520-01-392.00 P.C. ACCESSORIES & SUPPLIES 27.97 MONITOR ADAPTOR (1) - PW Qbhf!336!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 7 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I JR06370 ARENA POWER STRIP APBNK 6/15/2023 R 5/17/2023 22.58 22.58CR G/L ACCOUNT CK: 152482 22.58 650 45130-01-392.00 P.C. ACCESSORIES & SUPPLIES 22.58 ARENA POWER STRIP I JR28418 PC CAMERA-ARENA APBNK 6/15/2023 R 5/18/2023 38.15 38.15CR G/L ACCOUNT CK: 152482 38.15 101 43121-01-392.00 P.C. ACCESSORIES & SUPPLIES 38.15 PC CAMERA-ARENA I JS45022 HARD DRIVE (4)-PD APBNK 6/15/2023 R 5/22/2023 275.48 275.48CR G/L ACCOUNT CK: 152482 275.48 101 41520-01-392.00 P.C. ACCESSORIES & SUPPLIES 275.48 HARD DRIVE (4)-PD I JS87890 MOUSE-PW APBNK 6/15/2023 R 5/23/2023 18.74 18.74CR G/L ACCOUNT CK: 152482 18.74 101 41520-01-392.00 P.C. ACCESSORIES & SUPPLIES 18.74 MOUSE-PW I JW56058 CC ADAPTER APBNK 6/15/2023 R 5/31/2023 9.32 9.32CR G/L ACCOUNT CK: 152482 9.32 101 41520-01-392.00 P.C. ACCESSORIES & SUPPLIES 9.32 CC ADAPTER REG. CHECK 1 469.12 469.12CR 0.00 469.12 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-030498 CENTRAL TURF & IRRIGATION S I 50254346-00 IRRIGATION PARTS APBNK 6/15/2023 R 5/12/2023 75.05 75.05CR G/L ACCOUNT CK: 152483 75.05 101 45202-01-221.00 EQUIPMENT PARTS 75.05 IRRIGATION PARTS I 50254929-00 IRRIGATION PARTS APBNK 6/15/2023 R 5/25/2023 578.05 578.05CR G/L ACCOUNT CK: 152483 578.05 101 45202-01-221.00 EQUIPMENT PARTS 578.05 IRRIGATION PARTS REG. CHECK 1 653.10 653.10CR 0.00 653.10 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-000424 CERTIFIED RECYCLING LLC I 73629 CLEANUP DAY MATTRESSES APBNK 6/15/2023 R 5/24/2023 2,625.00 2,625.00CR G/L ACCOUNT CK: 152484 2,625.00 101 41940-01-384.00 REFUSE DISPOSAL 2,625.00 CLEANUP DAY MATTRESSES I 73838 MATTRESS RECYCLING COUPONS APBNK 6/15/2023 R 6/05/2023 175.00 175.00CR G/L ACCOUNT CK: 152484 175.00 101 41940-01-384.00 REFUSE DISPOSAL 175.00 MATTRESS RECYCLING COUPONS Qbhf!337!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 8 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ REG. CHECK 1 2,800.00 2,800.00CR 0.00 2,800.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-001576 CG MARKETING GROUP I 101613 BUSINESS CARDS-PD APBNK 6/15/2023 R 5/22/2023 97.91 97.91CR G/L ACCOUNT CK: 152485 97.91 101 41810-01-209.00 OTHER OFFICE SUPPLIES 97.91 BUSINESS CARDS-PD REG. CHECK 1 97.91 97.91CR 0.00 97.91 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-002754 CHARTER COMMUNICATIONS I 0000361052523 FIRE STATION 1 CABLE APBNK 6/15/2023 R 5/25/2023 16.84 16.84CR G/L ACCOUNT CK: 152486 16.84 101 42210-01-439.00 OTHER MISCELLANEOUS CHARGES 16.84 FIRE STATION 1 CABLE I 0203403043023 TV BUNDLE - ARENA APBNK 6/15/2023 R 4/30/2023 34.76 34.76CR G/L ACCOUNT CK: 152486 34.76 650 45130-01-404.00 CONTRACTED MACH & EQUIP R & M 34.76 TV BUNDLE - ARENA I 0203403053023 TV BUNDLE - ARENA APBNK 6/15/2023 R 5/30/2023 34.76 34.76CR G/L ACCOUNT CK: 152486 34.76 650 45130-01-404.00 CONTRACTED MACH & EQUIP R & M 34.76 TV BUNDLE - ARENA REG. CHECK 1 86.36 86.36CR 0.00 86.36 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005542 CHARTER COMMUNICATIONS I 113140301051423 FIRE STATION 2 CABLE APBNK 6/15/2023 R 5/14/2023 139.67 139.67CR G/L ACCOUNT CK: 152487 139.67 101 42210-01-439.00 OTHER MISCELLANEOUS CHARGES 139.67 FIRE STATION 2 CABLE REG. CHECK 1 139.67 139.67CR 0.00 139.67 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005760 CINTAS CORP I 5159710624 FIRST AID SUPPLIES APBNK 6/15/2023 R 5/23/2023 933.83 933.83CR G/L ACCOUNT CK: 152488 933.83 101 41940-01-208.00 MISCELLANEOUS SUPPLIES 933.83 FIRST AID SUPPLIES Qbhf!338!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 9 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ REG. CHECK 1 933.83 933.83CR 0.00 933.83 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-030784 CINTAS CORPORATION I 4156908158 MATS @ FS #2 APBNK 6/15/2023 R 5/30/2023 20.00 20.00CR G/L ACCOUNT CK: 152489 20.00 101 41940-01-319.00 OTHER PROFESSIONAL SERVICES 20.00 MATS @ FS #2 I 4156908186 MATS @ PW OFFICE BLDG APBNK 6/15/2023 R 5/30/2023 68.25 68.25CR G/L ACCOUNT CK: 152489 68.25 101 41940-01-319.00 OTHER PROFESSIONAL SERVICES 68.25 MATS @ PW OFFICE BLDG I 4156908221 MATS @ POLICE APBNK 6/15/2023 R 5/30/2023 48.75 48.75CR G/L ACCOUNT CK: 152489 48.75 101 41940-01-319.00 OTHER PROFESSIONAL SERVICES 48.75 MATS @ POLICE I 4156908296 MATS @ CITY HALL APBNK 6/15/2023 R 5/30/2023 86.25 86.25CR G/L ACCOUNT CK: 152489 86.25 101 41940-01-319.00 OTHER PROFESSIONAL SERVICES 86.25 MATS @ CITY HALL I 4156908314 MATS @ CARPENTER SHOP APBNK 6/15/2023 R 5/30/2023 22.75 22.75CR G/L ACCOUNT CK: 152489 22.75 101 41940-01-319.00 OTHER PROFESSIONAL SERVICES 22.75 MATS @ CARPENTER SHOP I 4156908334 MATS & TOWELS @ MAINT BLDG APBNK 6/15/2023 R 5/30/2023 42.75 42.75CR G/L ACCOUNT CK: 152489 42.75 101 41940-01-319.00 OTHER PROFESSIONAL SERVICES 9.00 MATS & TOWELS @ MAINT BLDG 101 43100-01-211.00 CLEANING SUPPLIES 33.75 MATS & TOWELS @ MAINT BLDG I 4156908480 MATS @ FS #1 APBNK 6/15/2023 R 5/30/2023 20.00 20.00CR G/L ACCOUNT CK: 152489 20.00 101 41940-01-319.00 OTHER PROFESSIONAL SERVICES 20.00 MATS @ FS #1 I 4156908535 SC FLOOR MATS APBNK 6/15/2023 R 5/30/2023 52.95 52.95CR G/L ACCOUNT CK: 152489 52.95 101 45100-30-401.00 CONTRACTED BUILDING REPAIRS 52.95 SC FLOOR MATS REG. CHECK 1 361.70 361.70CR 0.00 361.70 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!339!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 10 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-030956 CITY OF ROSEMOUNT I 2023-0172 MAY 2023 SURCHARGE APBNK 6/15/2023 R 6/06/2023 193.37 193.37CR G/L ACCOUNT CK: 152490 193.37 101 20810 BUILDING PERMIT SURCHARGE 186.67 MAY 2023 SURCHARGE 101 20811 BUILDING PMT SURCHARGE-SET FEE 1.50 MAY 2023 SURCHARGE 101 20820 ELECTRICAL PERMIT SURCHARGE 2.18 MAY 2023 SURCHARGE 101 20860 HEATING/AIR COND PERMIT SURCHG 1.40 MAY 2023 SURCHARGE 101 20830 PLUMBING PERMIT SURCHARGE 1.22 MAY 2023 SURCHARGE 101 20850 SEWER PERMIT SURCHARGE 0.40 MAY 2023 SURCHARGE REG. CHECK 1 193.37 193.37CR 0.00 193.37 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-030957 CITY OF ROSEMOUNT I 2023-0190 MAY 2023 CITY SHARE SAC FEE APBNK 6/15/2023 R 6/07/2023 1,491.00 1,491.00CR G/L ACCOUNT CK: 152491 1,491.00 101 20815 METRO SAC FOR MWCC 1,491.00 MAY 2023 CITY SHARE SAC FEES REG. CHECK 1 1,491.00 1,491.00CR 0.00 1,491.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-000643 CITY OF ROSEMOUNT I 2023-02107 PD/PW CAMPUS BUILDING PERMI APBNK 6/15/2023 R 6/07/2023 138,016.34 138,016.34CR G/L ACCOUNT CK: 152492 138,016.34 421 48000-01-319.00 OTHER PROFESSIONAL SERVICES 138,016.34 PD/PW CAMPUS BUILDING PERMIT REG. CHECK 1 138,016.34 138,016.34CR 0.00 138,016.34 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004599 CLEAN CHOICE ENERGY I INV200708193 APRIL SOLAR SUBSCRIPTIONS APBNK 6/15/2023 R 6/02/2023 1,692.49 1,692.49CR G/L ACCOUNT CK: 152493 1,692.49 601 49407-01-381.00 ELECTRIC UTILITIES 647.97 APRIL SOLAR SUBSCRIPTIONS 101 41940-01-381.00 ELECTRIC UTILITIES 164.40 APRIL SOLAR SUBSCRIPTIONS 601 49410-01-381.00 ELECTRIC UTILITIES 880.12 APRIL SOLAR SUBSCRIPTIONS REG. CHECK 1 1,692.49 1,692.49CR 0.00 1,692.49 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!33:!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 11 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-031370 COLLINS ELECTRICAL CONSTR C I 2331431.01 LIGHT REPAIR FS2 APBNK 6/15/2023 R 5/31/2023 527.89 527.89CR G/L ACCOUNT CK: 152494 527.89 101 41940-01-401.00 CONTRACTED BUILDING REPAIRS 527.89 LIGHT REPAIR FS2 I 2331548.01 ELECTRICAL WORK AT FS1 APBNK 6/15/2023 R 5/25/2023 323.84 323.84CR G/L ACCOUNT CK: 152494 323.84 101 41940-01-530.00 IMPROVEMENTS OTHER THAN BLDGS 323.84 ELECTRICAL WORK AT FS1 REG. CHECK 1 851.73 851.73CR 0.00 851.73 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-031530 COMPUTER INTEGRATION TECH I 349019 DATTO BACKUP FOR M365 APBNK 6/15/2023 R 4/28/2023 600.00 600.00CR G/L ACCOUNT CK: 152495 600.00 101 41520-01-391.00 P.C. MAINTENANCE 600.00 DATTO BACKUP FOR M365 I 350281 JUN 2023 DATTO BACKUP APBNK 6/15/2023 R 5/15/2023 606.00 606.00CR G/L ACCOUNT CK: 152495 606.00 101 41520-01-391.00 P.C. MAINTENANCE 606.00 JUN 2023 DATTO BACKUP REG. CHECK 1 1,206.00 1,206.00CR 0.00 1,206.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004277 CORE & MAIN LP I S923461 IPERL METERS APBNK 6/15/2023 R 5/25/2023 2,676.43 2,676.43CR G/L ACCOUNT CK: 152496 2,676.43 601 49400-01-220.00 METER PURCHASES 2,676.43 IPERL METERS REG. CHECK 1 2,676.43 2,676.43CR 0.00 2,676.43 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-031577 CORPORATE MECHANICAL INC I W66563 BANQUET HALL AHU 30 REPAIRS APBNK 6/15/2023 R 5/23/2023 3,784.00 3,784.00CR G/L ACCOUNT CK: 152497 3,784.00 101 45100-01-404.00 CONTRACTED MACH & EQUIP R & M 3,784.00 BANQUET HALL AHU 30 REPAIRS I W66665 SC MAY BOILER CHECKS APBNK 6/15/2023 R 5/26/2023 597.00 597.00CR G/L ACCOUNT CK: 152497 597.00 101 45100-30-401.00 CONTRACTED BUILDING REPAIRS 597.00 SC MAY BOILER CHECKS Qbhf!341!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 12 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ REG. CHECK 1 4,381.00 4,381.00CR 0.00 4,381.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-032010 CUB FOODS #31654 I 2023-0174 VENDING/CONFERENCE ROOM APBNK 6/15/2023 R 6/05/2023 134.87 134.87CR G/L ACCOUNT CK: 152498 134.87 101 41940-01-208.00 MISCELLANEOUS SUPPLIES 14.49 VENDING/CONFERENCE ROOM 101 41810-01-260.00 FOOD FOR RESALE 120.38 VENDING/CONFERENCE ROOM REG. CHECK 1 134.87 134.87CR 0.00 134.87 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004437 CUSTOM CAP & TIRE I 270057343 1 TIRE APBNK 6/15/2023 R 5/18/2023 121.00 121.00CR G/L ACCOUNT CK: 152499 121.00 101 43100-01-222.00 TIRES 121.00 1 TIRE I 270057443 2 TIRES APBNK 6/15/2023 R 5/23/2023 191.14 191.14CR G/L ACCOUNT CK: 152499 191.14 101 43100-01-222.00 TIRES 191.14 2 TIRES I 270057560 TIRES, PARTS & LABOR-FD E12 APBNK 6/15/2023 R 6/01/2023 841.00 841.00CR G/L ACCOUNT CK: 152499 841.00 101 43100-01-404.00 CONTRACTED MACH & EQUIP SERV 160.00 TIRES, PARTS & LABOR-FD E12 101 43100-01-221.00 EQUIPMENT PARTS 15.00 TIRES, PARTS & LABOR-FD E12 101 43100-01-222.00 TIRES 666.00 TIRES, PARTS & LABOR-FD E12 REG. CHECK 1 1,153.14 1,153.14CR 0.00 1,153.14 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-040265 DAK COUNTY TECH COLLEGE I 1149181 PURSUIT REFRESHER W/CAR REN APBNK 6/15/2023 R 5/20/2023 500.00 500.00CR G/L ACCOUNT CK: 152500 500.00 101 42110-01-437.00 CONFERENCES & SEMINARS 500.00 PURSUIT REFRESHER W/CAR RENTAL I 1158134 PURSUIT REFRESHER W/CAR REN APBNK 6/15/2023 R 5/20/2023 500.00 500.00CR G/L ACCOUNT CK: 152500 500.00 101 42110-01-437.00 CONFERENCES & SEMINARS 500.00 PURSUIT REFRESHER W/CAR RENTAL REG. CHECK 1 1,000.00 1,000.00CR 0.00 1,000.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!342!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 13 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-005859 DAKOTA 911 I RO2023-06 JUNE MONTHLY FEE APBNK 6/15/2023 R 5/02/2023 34,690.00 34,690.00CR G/L ACCOUNT CK: 152501 34,690.00 101 42110-01-319.00 OTHER PROFESSIONAL SERVICES 34,690.00 JUNE MONTHLY FEE I RO2023-07 JULY MONTHLY FEE APBNK 6/15/2023 R 6/02/2023 34,690.00 34,690.00CR G/L ACCOUNT CK: 152501 34,690.00 101 42110-01-319.00 OTHER PROFESSIONAL SERVICES 34,690.00 JULY MONTHLY FEE REG. CHECK 1 69,380.00 69,380.00CR 0.00 69,380.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-040040 DAKOTA AWARDS & ENGRAVING I 26179 NAME PLATE-T. WAGNER APBNK 6/15/2023 R 5/11/2023 11.88 11.88CR G/L ACCOUNT CK: 152502 11.88 101 41810-01-209.00 OTHER OFFICE SUPPLIES 11.88 NAME PLATE-T. WAGNER I 26240 NAME TAGS, PLATES & PLAQUE APBNK 6/15/2023 R 5/31/2023 87.25 87.25CR G/L ACCOUNT CK: 152502 87.25 101 41910-01-209.00 OTHER OFFICE SUPPLIES 46.00 NAME TAGS, PLATES & PLAQUE 101 41320-31-315.00 SPECIAL PROGRAMS 41.25 NAME TAGS, PLATES & PLAQUE I 26273 NAME PLATE & TAG-A. KELIHER APBNK 6/15/2023 R 6/08/2023 23.00 23.00CR G/L ACCOUNT CK: 152502 23.00 101 41910-01-219.00 OTHER OPERATING SUPPLIES 23.00 NAME PLATE & TAG-A. KELIHER REG. CHECK 1 122.13 122.13CR 0.00 122.13 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-001935 DAKOTA COUNTY FINANCE I 5500727 800 MHZ RADIO SUBSCRIBER FE APBNK 6/15/2023 R 5/22/2023 3,172.88 3,172.88CR G/L ACCOUNT CK: 152503 3,172.88 101 42110-01-323.00 RADIO UNITS 1,213.16 800 MHZ RADIO SUBSCRIBER FEES 101 42210-01-329.00 OTHER COMMUNICATION COSTS 1,213.16 800 MHZ RADIO SUBSCRIBER FEES 101 43121-01-323.00 RADIO UNITS 149.31 800 MHZ RADIO SUBSCRIBER FEES 101 45202-01-323.00 RADIO UNITS 149.31 800 MHZ RADIO SUBSCRIBER FEES 601 49400-01-323.00 RADIO UNITS 149.31 800 MHZ RADIO SUBSCRIBER FEES 602 49450-01-323.00 RADIO UNITS 149.31 800 MHZ RADIO SUBSCRIBER FEES 603 49500-01-323.00 RADIO UNITS 149.32 800 MHZ RADIO SUBSCRIBER FEES REG. CHECK 1 3,172.88 3,172.88CR 0.00 3,172.88 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!343!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 14 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-040355 DAKOTA COUNTY FINANCE I 5500651 MARCH 2023 SALT CHARGES APBNK 6/15/2023 R 5/05/2023 7,902.44 7,902.44CR G/L ACCOUNT CK: 152504 7,902.44 101 43121-01-216.00 CHEMICALS & CHEMICAL PRODUCTS 7,902.44 MARCH 2023 SALT CHARGES REG. CHECK 1 7,902.44 7,902.44CR 0.00 7,902.44 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-040357 DAKOTA COUNTY FINANCE I 5500664 1ST QTR 2023 UTILITY CHARGE APBNK 6/15/2023 R 5/05/2023 338.49 338.49CR G/L ACCOUNT CK: 152505 338.49 101 43121-01-381.00 ELECTRIC UTILITIES 338.49 1ST QTR 2023 UTILITY CHARGES REG. CHECK 1 338.49 338.49CR 0.00 338.49 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-040435 DAKOTA ELECTRIC ASSOCIATION I 200002005379 5/23 JAYCEE PARK CONTROL BLDG APBNK 6/15/2023 R 5/24/2023 10.81 10.81CR G/L ACCOUNT CK: 152506 10.81 101 45202-01-381.00 ELECTRIC UTILITIES 10.81 JAYCEE PARK CONTROL BLDG I 200003157294 5/23 WENSMANN POND MONITORING ST APBNK 6/15/2023 R 5/24/2023 18.82 18.82CR G/L ACCOUNT CK: 152506 18.82 603 49513-01-381.00 ELECTRIC UTILITIES 18.82 WENSMANN POND MONITORING ST'N I 200003776226 5/23 SIREN #13 APBNK 6/15/2023 R 5/24/2023 23.36 23.36CR G/L ACCOUNT CK: 152506 23.36 101 43121-01-381.00 ELECTRIC UTILITIES 23.36 SIREN #13 I 200005601588 5/23 STORM DRAIN LIFT STATION #7 APBNK 6/15/2023 R 5/24/2023 75.83 75.83CR G/L ACCOUNT CK: 152506 75.83 603 49517-01-381.00 ELECTRIC UTILITIES 75.83 STORM DRAIN LIFT STATION #7 I 200010007317 5/23 WELL #16 APBNK 6/15/2023 R 5/24/2023 316.59 316.59CR G/L ACCOUNT CK: 152506 316.59 601 49426-01-381.00 ELECTRIC UTILITIES 316.59 WELL #16 I 200010050261 5/23 WELCOME SIGN - NORTH APBNK 6/15/2023 R 5/24/2023 17.31 17.31CR G/L ACCOUNT CK: 152506 17.31 608 49508-01-381.00 ELECTRIC UTILITIES 17.31 WELCOME SIGN - NORTH REG. CHECK 1 462.72 462.72CR 0.00 462.72 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!344!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 15 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-040487 DALCO I 4087060 SC JANITORIAL SUPPLIES APBNK 6/15/2023 R 5/23/2023 1,263.70 1,263.70CR G/L ACCOUNT CK: 152507 1,263.70 101 45100-30-211.00 CLEANING SUPPLIES 1,263.70 SC JANITORIAL SUPPLIES REG. CHECK 1 1,263.70 1,263.70CR 0.00 1,263.70 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-002002 DELTA GLOVES I 144818 BLACK NITREX GLOVES-PD APBNK 6/15/2023 R 4/17/2023 710.40 710.40CR G/L ACCOUNT CK: 152508 710.40 101 42110-01-240.00 SAFETY EQUIP & PPE 710.40 BLACK NITREX GLOVES-PD I 144980 BLACK NITREX GLOVES-FD APBNK 6/15/2023 R 5/22/2023 710.40 710.40CR G/L ACCOUNT CK: 152508 710.40 101 42210-01-219.00 OTHER OPERATING SUPPLIES 710.40 BLACK NITREX GLOVES-FD REG. CHECK 1 1,420.80 1,420.80CR 0.00 1,420.80 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005127 DIAMOND VOGEL - 805 I 805065987 PAINT & PAINT SUPPLIES APBNK 6/15/2023 R 6/07/2023 118.16 118.16CR G/L ACCOUNT CK: 152509 118.16 650 45130-01-221.00 EQUIPMENT PARTS 118.16 PAINT & PAINT SUPPLIES REG. CHECK 1 118.16 118.16CR 0.00 118.16 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005945 DOLAN CONSULTING GROUP LLC I R0523-052301200122 VERBAL CONFLICT TRAINING APBNK 6/15/2023 R 5/22/2023 490.00 490.00CR G/L ACCOUNT CK: 152510 490.00 101 42110-01-437.00 CONFERENCES & SEMINARS 490.00 VERBAL CONFLICT TRAINING REG. CHECK 1 490.00 490.00CR 0.00 490.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!345!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 16 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-041800 DR HORTON INC I 2021-07014 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/26/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152511 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2021-07015 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/26/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152511 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2021-07016 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/26/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152511 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2021-07017 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/26/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152511 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2021-07018 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/26/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152511 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2021-07019 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/26/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152511 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2022-00732 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 6/07/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152511 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2022-00786 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/26/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152511 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2022-00788 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/26/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152511 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2022-00974 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/26/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152511 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2023-01688 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 6/07/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152511 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND REG. CHECK 1 22,000.00 22,000.00CR 0.00 22,000.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!346!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 17 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-000316 DRAIN PRO-PLUMBING INC I 71384 SERVICE CALL-STEEPLE CENTER APBNK 6/15/2023 R 6/07/2023 515.00 515.00CR G/L ACCOUNT CK: 152513 515.00 101 45100-30-404.00 CONTRACTED MACH & EQUIP R & M 515.00 SERVICE CALL-STEEPLE CENTER REG. CHECK 1 515.00 515.00CR 0.00 515.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004400 DUNDAS SOLAR HOLDINGS LLC I 2305-6951A APRIL SOLAR SUBSCRIPTION APBNK 6/15/2023 R 5/24/2023 12,776.36 12,776.36CR G/L ACCOUNT CK: 152514 12,776.36 650 45130-01-381.00 ELECTRIC UTILITIES 12,776.36 APRIL SOLAR SUBSCRIPTION REG. CHECK 1 12,776.36 12,776.36CR 0.00 12,776.36 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-050213 EARL F ANDERSEN INC I 0132592-IN FLARED LEGS,BOLTS,MOUNTS,ET APBNK 6/15/2023 R 5/17/2023 549.90 549.90CR G/L ACCOUNT CK: 152515 549.90 101 43121-01-226.00 SIGN REPAIR MATERIALS 549.90 FLARED LEGS,BOLTS,MOUNTS,ETC I 0132787-IN SPEED LIMIT SIGNS APBNK 6/15/2023 R 6/07/2023 142.70 142.70CR G/L ACCOUNT CK: 152515 142.70 101 43121-01-226.00 SIGN REPAIR MATERIALS 142.70 SPEED LIMIT SIGNS REG. CHECK 1 692.60 692.60CR 0.00 692.60 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-050329 ECM PUBLISHERS INC I 940329 PN:ORDINANCE NO. B-307 APBNK 6/15/2023 R 3/31/2023 158.40 158.40CR G/L ACCOUNT CK: 152516 158.40 101 41810-01-351.00 LEGAL NOTICES PUBLISHING 158.40 PN:ORDINANCE NO. B-307 I 949104 PN:ORDINANCE 2023-01 APBNK 6/15/2023 R 5/26/2023 61.20 61.20CR G/L ACCOUNT CK: 152516 61.20 101 41810-01-351.00 LEGAL NOTICES PUBLISHING 61.20 PN:ORDINANCE 2023-01 I 949105 PH:KJ WALK INC 2730 149TH S APBNK 6/15/2023 R 5/26/2023 54.00 54.00CR G/L ACCOUNT CK: 152516 54.00 101 41810-01-351.00 LEGAL NOTICES PUBLISHING 54.00 PH:KJ WALK INC 2730 149TH ST Qbhf!347!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 18 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I 950368 PN: 2023 SIP ASSESSMENTS APBNK 6/15/2023 R 6/02/2023 165.60 165.60CR G/L ACCOUNT CK: 152516 165.60 486 48000-01-351.00 LEGAL NOTICES PUBLISHING 165.60 PN: 2023 SIP ASSESSMENTS REG. CHECK 1 439.20 439.20CR 0.00 439.20 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-001139 ELECTRIC PUMP I 0075886-IN SERVICE AGREEMENT APBNK 6/15/2023 R 5/12/2023 6,760.00 6,760.00CR G/L ACCOUNT CK: 152517 6,760.00 603 49500-01-319.00 OTHER PROFESSIONAL SERVICES 3,380.00 SERVICE AGREEMENT 602 49450-01-319.00 OTHER PROFESSIONAL SERVICES 3,380.00 SERVICE AGREEMENT I 0075994-IN MINI CAS RELAYS APBNK 6/15/2023 R 5/24/2023 3,105.90 3,105.90CR G/L ACCOUNT CK: 152517 3,105.90 602 49450-01-530.00 IMPROVEMENTS OTHER THAN BLDGS 3,105.90 MINI CAS RELAYS REG. CHECK 1 9,865.90 9,865.90CR 0.00 9,865.90 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-051330 EMERGENCY APPARATUS MAINT I 128041 PIERCE GAUGE APBNK 6/15/2023 R 5/30/2023 579.94 579.94CR G/L ACCOUNT CK: 152518 579.94 101 43100-01-221.00 EQUIPMENT PARTS 579.94 PIERCE GAUGE REG. CHECK 1 579.94 579.94CR 0.00 579.94 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-051340 EMERGENCY AUTOMOTIVE TECH I SVC10385 RADIO REMOVED-2018 DURANGO APBNK 6/15/2023 R 5/26/2023 345.00 345.00CR G/L ACCOUNT CK: 152519 345.00 207 49007-01-576.00 OTHER EQUIPMENT PURCHASES 345.00 RADIO REMOVED-2018 DURANGO REG. CHECK 1 345.00 345.00CR 0.00 345.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!348!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 19 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-051345 EMERGENCY MEDICAL PROD I 2556593 GLUCOMETER APBNK 6/15/2023 R 5/23/2023 101.49 101.49CR G/L ACCOUNT CK: 152520 101.49 101 42210-01-219.00 OTHER OPERATING SUPPLIES 101.49 GLUCOMETER REG. CHECK 1 101.49 101.49CR 0.00 101.49 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005556 ENCOMPASS I 48622 FIRE STATION NO. 1 FACADE APBNK 6/15/2023 R 5/24/2023 2,467.50 2,467.50CR G/L ACCOUNT CK: 152521 2,467.50 484 48000-01-303.00 ENGINEERING FEES 2,467.50 FIRE STATION NO. 1 FACADE REG. CHECK 1 2,467.50 2,467.50CR 0.00 2,467.50 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005946 FAITH FAMILY MINISTRIES I 2023-0175 PERMIT 4617-MEET'G ROOM REF APBNK 6/15/2023 R 6/07/2023 132.00 132.00CR G/L ACCOUNT CK: 152522 132.00 101 22005 REFUNDS PAYABLE - P&R 132.00 PERMIT 4617-MEET'G ROOM REFNDS REG. CHECK 1 132.00 132.00CR 0.00 132.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-000385 FARMERS MILL & ELEVATOR I M3143867 15-0-5 FERTILIZER W/ACELPRI APBNK 6/15/2023 R 5/22/2023 18,062.00 18,062.00CR G/L ACCOUNT CK: 152523 18,062.00 101 45202-01-216.00 CHEMICALS & CHEMICAL PRODUCTS 18,062.00 15-0-5 FERTILIZER W/ACELPRIN REG. CHECK 1 18,062.00 18,062.00CR 0.00 18,062.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-001182 FIRE SAFETY USA INC I 171589 24 ANTI-FOG SAFETY GLASSES APBNK 6/15/2023 R 5/11/2023 209.79 209.79CR G/L ACCOUNT CK: 152524 209.79 101 42210-01-580.00 OTHER EQUIPMENT PURCHASES 209.79 24 ANTI-FOG SAFETY GLASSES REG. CHECK 1 209.79 209.79CR 0.00 209.79 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!349!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 20 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-005768 FP MAILING SOLUTIONS I 2023-0176 6/1 POSTAGE MACHINE REFILL APBNK 6/15/2023 D 6/01/2023 500.00 500.00CR G/L ACCOUNT CK: 001516 500.00 101 41810-01-322.00 POSTAGE COSTS 500.00 6/1 POSTAGE MACHINE REFILL I 2023-0185 6/8 POSTAGE MACHINE REFILL APBNK 6/15/2023 D 6/08/2023 500.00 500.00CR G/L ACCOUNT CK: 001516 500.00 101 41810-01-322.00 POSTAGE COSTS 500.00 6/8 POSTAGE MACHINE REFILL DRAFTS 1 1,000.00 1,000.00CR 0.00 1,000.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-061865 FRONTIER I 651-188-0017 06/23 PHONE,INTERNET & CITY WIFI APBNK 6/15/2023 R 5/25/2023 4,501.11 4,501.11CR G/L ACCOUNT CK: 152525 4,501.11 101 41810-01-321.00 TELEPHONE COSTS 4,129.90 PHONE,INTERNET & CITY WIFI SRV 601 49407-01-321.00 TELEPHONE COSTS 17.57 PHONE,INTERNET & CITY WIFI SRV 601 49410-01-321.00 TELEPHONE COSTS 63.73 PHONE,INTERNET & CITY WIFI SRV 601 49400-01-321.00 TELEPHONE COSTS 68.85 PHONE,INTERNET & CITY WIFI SRV 602 49450-01-321.00 TELEPHONE COSTS 68.85 PHONE,INTERNET & CITY WIFI SRV 603 49500-01-321.00 TELEPHONE COSTS 68.88 PHONE,INTERNET & CITY WIFI SRV 650 45130-01-321.00 TELEPHONE COSTS 83.33 PHONE,INTERNET & CITY WIFI SRV REG. CHECK 1 4,501.11 4,501.11CR 0.00 4,501.11 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-000677 GERTENS I 202449/12 HERBICIDE APBNK 6/15/2023 R 6/07/2023 1,433.70 1,433.70CR G/L ACCOUNT CK: 152526 1,433.70 101 45202-01-216.00 CHEMICALS & CHEMICAL PRODUCTS 1,433.70 HERBICIDE I 89936/30 FLOWERS-FD & CENTRAL PK APBNK 6/15/2023 R 5/22/2023 213.90 213.90CR G/L ACCOUNT CK: 152526 213.90 101 43121-01-225.00 LANDSCAPING MATERIALS 213.90 FLOWERS-FD & CENTRAL PK I 89937/30 CENTRAL PARK FLOWERS APBNK 6/15/2023 R 5/22/2023 143.43 143.43CR G/L ACCOUNT CK: 152526 143.43 101 43121-01-225.00 LANDSCAPING MATERIALS 143.43 CENTRAL PARK FLOWERS REG. CHECK 1 1,791.03 1,791.03CR 0.00 1,791.03 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!34:!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 21 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-003610 GIGABIT MINNESOTA I 13929417 BUSINESS INTERNET PACK-JUN APBNK 6/01/2023 D 6/01/2023 234.90 234.90CR G/L ACCOUNT CK: 001517 234.90 101 41810-01-321.00 TELEPHONE COSTS 234.90 BUSINESS INTERNET PACK-JUN DRAFTS 1 234.90 234.90CR 0.00 234.90 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005916 GO LAW ENFORCEMENT LLC I 4B522F47-0002 POLICE OFFICER JOB POSTING APBNK 6/15/2023 R 6/05/2023 160.00 160.00CR G/L ACCOUNT CK: 152527 160.00 101 41320-31-341.00 EMPLOYMENT ADVERTISING 160.00 POLICE OFFICER JOB POSTING REG. CHECK 1 160.00 160.00CR 0.00 160.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-070880 GOPHER STATE ONE-CALL I 3050719 MAY TICKET LOCATES APBNK 6/15/2023 R 5/31/2023 826.20 826.20CR G/L ACCOUNT CK: 152528 826.20 601 49400-01-312.00 GOPHER STATE ONE-CALL FEES 275.40 MAY TICKET LOCATES 602 49450-01-312.00 GOPHER STATE ONE-CALL FEES 275.40 MAY TICKET LOCATES 603 49500-01-312.00 GOPHER STATE ONE-CALL FEES 275.40 MAY TICKET LOCATES REG. CHECK 1 826.20 826.20CR 0.00 826.20 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-071220 GRAINGER I 9724538658 4-TYPE II SAFETY GAS CANS APBNK 6/15/2023 R 5/31/2023 463.76 463.76CR G/L ACCOUNT CK: 152529 463.76 101 45202-01-221.00 EQUIPMENT PARTS 463.76 4-TYPE II SAFETY GAS CANS REG. CHECK 1 463.76 463.76CR 0.00 463.76 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005950 LIANA HAVEN I 2023-0180 PERMIT 4851-DAMAGE DEPOSIT APBNK 6/15/2023 R 6/06/2023 500.00 500.00CR G/L ACCOUNT CK: 152530 500.00 101 22005 REFUNDS PAYABLE - P&R 500.00 PERMIT 4851-DAMAGE DEPOSIT Qbhf!351!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 22 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ REG. CHECK 1 500.00 500.00CR 0.00 500.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-080905 HIGHLAND SANITATION I 0001103255 MAY TRASH SERVICE APBNK 6/15/2023 R 5/23/2023 3,856.67 3,856.67CR G/L ACCOUNT CK: 152531 3,856.67 101 45100-01-384.00 REFUSAL DISPOSAL 231.15 MAY TRASH SERVICE 650 45130-01-384.00 REFUSE DISPOSAL 217.95 MAY TRASH SERVICE 101 45100-01-315.00 SPECIAL PROGRAMS 49.00 MAY TRASH SERVICE 101 45100-30-384.00 REFUSE DISPOSAL 64.59 MAY TRASH SERVICE 101 41940-01-384.00 REFUSE DISPOSAL 3,293.98 MAY TRASH SERVICE REG. CHECK 1 3,856.67 3,856.67CR 0.00 3,856.67 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-081575 HOME DEPOT CREDIT SERVICE I 2035039 WEED KILLER,GRASS SEED,BRUS APBNK 6/15/2023 R 6/09/2023 151.11 151.11CR G/L ACCOUNT CK: 152532 151.11 101 45100-01-221.00 EQUIPMENT PARTS 151.11 WEED KILLER,GRASS SEED,BRUSHES REG. CHECK 1 151.11 151.11CR 0.00 151.11 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005949 KRISTA HOYLAND I 2023-0179 GARDEN PLOT REFUND APBNK 6/15/2023 R 6/06/2023 35.00 35.00CR G/L ACCOUNT CK: 152533 35.00 101 36220.00 RENTS & ROYALTIES 35.00 GARDEN PLOT REFUND REG. CHECK 1 35.00 35.00CR 0.00 35.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004339 I & S GROUP INC I 93037 BONAIRE PATH WEST TRAIL APBNK 6/15/2023 R 5/31/2023 1,187.50 1,187.50CR G/L ACCOUNT CK: 152534 1,187.50 205 49005-01-537.00 IMPROVEMENTS OTHER THAN BLDGS 1,187.50 BONAIRE PATH WEST TRAIL I 93291 FH - NEW BUILDING APBNK 6/15/2023 R 5/31/2023 990.00 990.00CR G/L ACCOUNT CK: 152534 990.00 205 49005-01-538.00 IMPROV OTHER THAN BLDGS 990.00 FH - NEW BUILDING Qbhf!352!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 23 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ REG. CHECK 1 2,177.50 2,177.50CR 0.00 2,177.50 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003122 I STATE TRUCK CENTER I C242827903:01 COMPRESSOR PIPE/HOSE APBNK 6/15/2023 R 6/02/2023 67.45 67.45CR G/L ACCOUNT CK: 152535 67.45 101 43100-01-221.00 EQUIPMENT PARTS 67.45 COMPRESSOR PIPE/HOSE REG. CHECK 1 67.45 67.45CR 0.00 67.45 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-091405 INDEPENDENT BLACK DIRT I 33799 2 YDS DIRT FOR TREE PLANTIN APBNK 6/15/2023 R 5/23/2023 48.00 48.00CR G/L ACCOUNT CK: 152536 48.00 101 41110-01-225.00 LANDSCAPING MATERIALS 48.00 2 YDS DIRT FOR TREE PLANTING I 33937 2 YDS BLACK DIRT APBNK 6/15/2023 R 6/05/2023 42.00 42.00CR G/L ACCOUNT CK: 152536 42.00 101 45202-01-219.00 OTHER OPERATING SUPPLIES 42.00 2 YDS BLACK DIRT REG. CHECK 1 90.00 90.00CR 0.00 90.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-001515 INVER GROVE FORD I 6391849 REPAIR LABOR & PARTS-PD60 APBNK 6/15/2023 R 6/05/2023 3,819.73 3,819.73CR G/L ACCOUNT CK: 152537 3,819.73 101 43100-01-221.00 EQUIPMENT PARTS 1,225.78 REPAIR LABOR & PARTS-PD60 101 43100-01-404.00 CONTRACTED MACH & EQUIP SERV 2,593.95 REPAIR LABOR & PARTS-PD60 REG. CHECK 1 3,819.73 3,819.73CR 0.00 3,819.73 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-000453 J.R.'S ADVANCED RECYCLERS I 110247 SPRING CLEAN-UP RECYCLING APBNK 6/15/2023 R 5/25/2023 4,055.00 4,055.00CR G/L ACCOUNT CK: 152538 4,055.00 101 41940-01-384.00 REFUSE DISPOSAL 4,055.00 SPRING CLEAN-UP RECYCLING REG. CHECK 1 4,055.00 4,055.00CR 0.00 4,055.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!353!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 24 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-003699 JANI-KING OF MINNESOTA I MIN06230220 SC EVENT CLEANING - MAY APBNK 6/15/2023 R 6/02/2023 280.00 280.00CR G/L ACCOUNT CK: 152539 280.00 101 45100-30-312.00 CUSTODIAL SERVICES 280.00 SC EVENT CLEANING - MAY REG. CHECK 1 280.00 280.00CR 0.00 280.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005958 STEPHANIE JOHNSON I 2023-0194 PERMIT 5202-DAMAGE DEPOSIT APBNK 6/15/2023 R 6/06/2023 150.00 150.00CR G/L ACCOUNT CK: 152540 150.00 101 22005 REFUNDS PAYABLE - P&R 150.00 PERMIT 5202-DAMAGE DEPOSIT REG. CHECK 1 150.00 150.00CR 0.00 150.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005944 CINDRA KAMPHOFF I 690 TRAINING & DEVELOPMENT APBNK 6/15/2023 R 5/31/2023 2,600.00 2,600.00CR G/L ACCOUNT CK: 152541 2,600.00 101 41320-31-315.00 SPECIAL PROGRAMS 2,600.00 TRAINING & DEVELOPMENT REG. CHECK 1 2,600.00 2,600.00CR 0.00 2,600.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-110314 KENNEDY & GRAVEN CHARTERED I 174549 APRIL RETAINER-ENG & PW APBNK 6/15/2023 R 5/22/2023 283.38 283.38CR G/L ACCOUNT CK: 152542 283.38 487 48000-01-304.00 LEGAL FEES 31.48 APRIL RETAINER-ENG & PW 483 48000-01-304.00 LEGAL FEES 173.18 APRIL RETAINER-ENG & PW 486 48000-01-304.00 LEGAL FEES 78.72 APRIL RETAINER-ENG & PW I 174550 SPECTRO ALLOYS LEGAL SERVIC APBNK 6/15/2023 R 5/22/2023 361.22 361.22CR G/L ACCOUNT CK: 152542 361.22 101 41910-01-319.00 OTHER PROFESIONAL SERVICES 361.22 SPECTRO ALLOYS LEGAL SERVICES I 174551 APRIL RETAINER-POLICE APBNK 6/15/2023 R 5/22/2023 488.05 488.05CR G/L ACCOUNT CK: 152542 488.05 101 42110-01-304.00 LEGAL FEES 488.05 APRIL RETAINER-POLICE I 174552 APRIL RETAINER-P&R APBNK 6/15/2023 R 5/22/2023 125.95 125.95CR G/L ACCOUNT CK: 152542 125.95 101 41810-01-304.00 LEGAL FEES 125.95 APRIL RETAINER-P&R Qbhf!354!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 25 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I 174554 APRIL NON-RETAINER FEES APBNK 6/15/2023 R 5/22/2023 8,989.74 8,989.74CR G/L ACCOUNT CK: 152542 8,989.74 101 41810-01-304.00 LEGAL FEES 1,915.95 APRIL NON-RETAINER FEES 403 48000-01-304.00 LEGAL FEES 37.00 APRIL NON-RETAINER FEES 476 48000-01-304.00 LEGAL FEES 1,526.25 APRIL NON-RETAINER FEES 243 49043-01-304.00 LEGAL FEES 37.00 APRIL NON-RETAINER FEES 421 48000-01-304.00 LEGAL FEES 527.25 APRIL NON-RETAINER FEES 101 41910-01-304.00 LEGAL FEES 3,902.79 APRIL NON-RETAINER FEES 474 48000-01-304.00 LEGAL FEES 1,025.00 APRIL NON-RETAINER FEES 101 43121-01-304.00 LEGAL FEES 18.50 APRIL NON-RETAINER FEES I 174855 LIFETIME LEGAL FEES APBNK 6/15/2023 R 6/05/2023 1,365.00 1,365.00CR G/L ACCOUNT CK: 152542 1,365.00 202 49002-01-521.00 BUILDING & STRUCTURE PURCHASES 1,365.00 LIFETIME LEGAL FEES REG. CHECK 1 11,613.34 11,613.34CR 0.00 11,613.34 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005741 KIRCHNER LAWN & LANDSCAPE I 7475 STUMP GRINDING APBNK 6/15/2023 R 5/31/2023 1,600.00 1,600.00CR G/L ACCOUNT CK: 152544 1,600.00 101 45202-01-403.00 CONTRACTED R & M-OTHER IMPROV 1,600.00 STUMP GRINDING REG. CHECK 1 1,600.00 1,600.00CR 0.00 1,600.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-000330 LEAGUE-MN CITIES INS TRST I 8244 CLAIM #LMC CA 276712-M. HAN APBNK 6/15/2023 R 6/07/2023 6,860.00 6,860.00CR G/L ACCOUNT CK: 152545 6,860.00 206 49006-01-409.00 OTHER CONTRACTED REPAIR & MAIN 6,860.00 CLAIM #LMC CA 276712-M. HANSON I 8247 CLAIM #LMC CA 276706-T. STA APBNK 6/15/2023 R 6/09/2023 5,930.00 5,930.00CR G/L ACCOUNT CK: 152545 5,930.00 206 49006-01-409.00 OTHER CONTRACTED REPAIR & MAIN 5,930.00 CLAIM #LMC CA 276706-T. STATE REG. CHECK 1 12,790.00 12,790.00CR 0.00 12,790.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!355!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 26 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-001511 LENNAR HOMES I 2022-04751 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 6/07/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152546 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND REG. CHECK 1 2,000.00 2,000.00CR 0.00 2,000.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-001905 LEXISNEXIS RISK SOLNS FL IN I 1843662-20230430 APRIL ACCURINT SUBSCRIPTION APBNK 6/15/2023 R 4/30/2023 633.33 633.33CR G/L ACCOUNT CK: 152547 633.33 101 42110-01-433.00 DUES & SUBSCRIPTIONS 633.33 APRIL ACCURINT SUBSCRIPTION I 1843662-20230531 MAY ACCURINT SUBSCRIPTION APBNK 6/15/2023 R 5/31/2023 633.33 633.33CR G/L ACCOUNT CK: 152547 633.33 101 42110-01-433.00 DUES & SUBSCRIPTIONS 633.33 MAY ACCURINT SUBSCRIPTION REG. CHECK 1 1,266.66 1,266.66CR 0.00 1,266.66 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-121530 LOGIS-LOCAL GOVERNMENT I 53684 APPLICATION SUPPORT APBNK 6/15/2023 R 4/28/2023 2,839.00 2,839.00CR G/L ACCOUNT CK: 152548 2,839.00 101 42110-01-394.00 P.C. SOFTWARE PURCHASES 381.00 APPLICATION SUPPORT 101 42110-01-394.00 P.C. SOFTWARE PURCHASES 2,210.00 APPLICATION SUPPORT 101 42210-01-329.00 OTHER COMMUNICATION COSTS 248.00 APPLICATION SUPPORT REG. CHECK 1 2,839.00 2,839.00CR 0.00 2,839.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005943 CALEB LYDA I 2023-0170 PERMIT 4638-DAMAGE DEPOSIT APBNK 6/15/2023 R 6/05/2023 300.00 300.00CR G/L ACCOUNT CK: 152549 300.00 101 22005 REFUNDS PAYABLE - P&R 300.00 PERMIT 4638-DAMAGE DEPOSIT REG. CHECK 1 300.00 300.00CR 0.00 300.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!356!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 27 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-005951 LYNN LEMBCKE CONSULTING I 23-016 BODY WORN CAMERA AUDIT APBNK 6/15/2023 R 4/25/2023 1,500.00 1,500.00CR G/L ACCOUNT CK: 152550 1,500.00 101 42110-01-301.00 AUDITING & ACCOUNTING SERVICES 1,500.00 BODY WORN CAMERA AUDIT REG. CHECK 1 1,500.00 1,500.00CR 0.00 1,500.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004303 MACQUEEN EMERGENCY I P15403 SCBA HYDRO TEST CYLINDER APBNK 6/15/2023 R 5/16/2023 44.00 44.00CR G/L ACCOUNT CK: 152551 44.00 101 42210-01-313.00 TEMPORARY SERVICE FEES 44.00 SCBA HYDRO TEST CYLINDER REG. CHECK 1 44.00 44.00CR 0.00 44.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-002533 MARCO TECHNOLOGIES LLC I INV11270289 ACTUAL MTHLY COPY/PRINT COS APBNK 6/15/2023 R 5/31/2023 1,160.33 1,160.33CR G/L ACCOUNT CK: 152552 1,160.33 101 41810-01-202.00 DUPLICATING & COPYING COSTS 1,160.33 ACTUAL MTHLY COPY/PRINT COST REG. CHECK 1 1,160.33 1,160.33CR 0.00 1,160.33 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005066 MARCO TECHNOLOGIES LLC I 502267750 LEASE PYMT - SHRP MX 5071 APBNK 6/15/2023 R 5/23/2023 244.23 244.23CR G/L ACCOUNT CK: 152553 244.23 101 41810-01-580.00 OTHER EQUIPMENT 244.23 LEASE PYMT - SHRP MX 5071 REG. CHECK 1 244.23 244.23CR 0.00 244.23 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005450 MARIE RIDGEWAY LICSW, LLC I 2166 MANDATORY CHECK IN APBNK 6/15/2023 R 4/02/2023 120.00 120.00CR G/L ACCOUNT CK: 152554 120.00 101 42110-01-319.00 OTHER PROFESSIONAL SERVICES 120.00 MANDATORY CHECK IN I 2252 MANDATORY CHECK IN APBNK 6/15/2023 R 5/31/2023 120.00 120.00CR G/L ACCOUNT CK: 152554 120.00 101 42110-01-319.00 OTHER PROFESSIONAL SERVICES 120.00 MANDATORY CHECK IN Qbhf!357!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 28 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ REG. CHECK 1 240.00 240.00CR 0.00 240.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003592 MCMULLEN INSPECTIONS INC I 2023-0187 MAY-ELECTRICAL INSPECTIONS APBNK 6/15/2023 R 6/01/2023 6,976.80 6,976.80CR G/L ACCOUNT CK: 152555 6,976.80 101 20825 ELEC INSPCTR SHARE OF PMT FEES 6,976.80 MAY-ELECTRICAL INSPECTIONS REG. CHECK 1 6,976.80 6,976.80CR 0.00 6,976.80 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-136955 MEI TOTAL ELEVATOR SOLUTION I 1022853 JUNE ELEVATOR SERVICE APBNK 6/15/2023 R 6/01/2023 182.58 182.58CR G/L ACCOUNT CK: 152556 182.58 101 41940-01-319.00 OTHER PROFESSIONAL SERVICES 182.58 JUNE ELEVATOR SERVICE REG. CHECK 1 182.58 182.58CR 0.00 182.58 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-130725 MENARDS-APPLE VALLEY I 55675 BATTERIES & BRUSH APBNK 6/15/2023 R 5/24/2023 52.46 52.46CR G/L ACCOUNT CK: 152557 52.46 101 41940-01-223.00 BUILDING REPAIR SUPPLIES 52.46 BATTERIES & BRUSH I 55737 SINK REPAIR SUPPLIES APBNK 6/15/2023 R 5/25/2023 56.56 56.56CR G/L ACCOUNT CK: 152557 56.56 101 41940-01-223.00 BUILDING REPAIR SUPPLIES 56.56 SINK REPAIR SUPPLIES I 56066 SINK REPAIR ITEMS & BUG KIL APBNK 6/15/2023 R 5/31/2023 36.95 36.95CR G/L ACCOUNT CK: 152557 36.95 101 41940-01-223.00 BUILDING REPAIR SUPPLIES 36.95 SINK REPAIR ITEMS & BUG KILLER REG. CHECK 1 145.97 145.97CR 0.00 145.97 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-130975 METRO COUNCIL ENV SERV I 1158144 WASTEWATER SERVICE-JULY APBNK 6/15/2023 R 6/01/2023 137,777.63 137,777.63CR G/L ACCOUNT CK: 152558 137,777.63 602 49450-01-602.00 METRO SEWER SERVICE CHARGES 137,777.63 WASTEWATER SERVICE-JULY Qbhf!358!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 29 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ REG. CHECK 1 137,777.63 137,777.63CR 0.00 137,777.63 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-131025 METRO COUNCIL ENV SERV I 2023-0191 MAY 2023 METRO SAC FEES APBNK 6/15/2023 R 6/07/2023 147,609.00 147,609.00CR G/L ACCOUNT CK: 152559 147,609.00 101 20815 METRO SAC FOR MWCC 147,609.00 MAY 2023 METRO SAC FEES REG. CHECK 1 147,609.00 147,609.00CR 0.00 147,609.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004079 METRO SALES INC I INV2303538 MPC307 COPIER LEASE PAYMENT APBNK 6/15/2023 R 6/12/2023 67.00 67.00CR G/L ACCOUNT CK: 152560 67.00 101 41810-01-580.00 OTHER EQUIPMENT 67.00 MPC307 COPIER LEASE PAYMENT REG. CHECK 1 67.00 67.00CR 0.00 67.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003941 MIDWEST GROUNDCOVER I 23025 PLAYGROUND WOOD FIBER APBNK 6/15/2023 R 5/03/2023 14,973.00 14,973.00CR G/L ACCOUNT CK: 152561 14,973.00 101 45202-01-219.00 OTHER OPERATING SUPPLIES 14,973.00 PLAYGROUND WOOD FIBER I 23043 PLAYGROUND WOOD FIBER APBNK 6/15/2023 R 5/18/2023 7,027.00 7,027.00CR G/L ACCOUNT CK: 152561 7,027.00 101 45202-01-219.00 OTHER OPERATING SUPPLIES 7,027.00 PLAYGROUND WOOD FIBER REG. CHECK 1 22,000.00 22,000.00CR 0.00 22,000.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005706 MIDWEST MACHINERY CO I 9631365 WEED WHIP AND PARTS APBNK 6/15/2023 R 5/30/2023 520.96 520.96CR G/L ACCOUNT CK: 152562 520.96 602 49450-01-242.00 MINOR EQUIPMENT 173.65 WEED WHIP AND PARTS 603 49500-01-242.00 MINOR EQUIPMENT 173.65 WEED WHIP AND PARTS 601 49400-01-242.00 MINOR EQUIPMENT 173.66 WEED WHIP AND PARTS I 9640939 CHAINSAW SUPPLIES APBNK 6/15/2023 R 6/05/2023 355.95 355.95CR G/L ACCOUNT CK: 152562 355.95 101 45202-01-221.00 EQUIPMENT PARTS 31.98 CHAINSAW SUPPLIES Qbhf!359!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 30 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 101 45202-01-240.00 SAFETY EQUIPMENT & PPE 323.97 CHAINSAW SUPPLIES REG. CHECK 1 876.91 876.91CR 0.00 876.91 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005905 MIDWEST MACHINERY CO I 9642006 PTO SHAFT,DRIVESHAFT,ETC APBNK 6/15/2023 R 6/05/2023 875.61 875.61CR G/L ACCOUNT CK: 152563 875.61 101 43100-01-221.00 EQUIPMENT PARTS 875.61 PTO SHAFT,DRIVESHAFT,ETC REG. CHECK 1 875.61 875.61CR 0.00 875.61 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004744 MINDFUL HEALTH I 2023-0181 MAY SENIOR YOGA CLASSES APBNK 6/15/2023 R 5/25/2023 432.00 432.00CR G/L ACCOUNT CK: 152564 432.00 101 45100-87-219.00 OTHER OPERATING SUPPLIES 432.00 MAY SENIOR YOGA CLASSES REG. CHECK 1 432.00 432.00CR 0.00 432.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-136725 MN DEPT OF HEALTH I 2023-0182 COMM WTR SUPPLY SVCS-2ND QT APBNK 6/15/2023 R 5/12/2023 19,639.00 19,639.00CR G/L ACCOUNT CK: 152565 19,639.00 601 49400-01-310.00 TESTING SERVICES 19,639.00 COMM WTR SUPPLY SVCS-2ND QTR REG. CHECK 1 19,639.00 19,639.00CR 0.00 19,639.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-040600 MN DEPT OF LABOR & INDUSTRY I 2023-0173 MAY 2023 STATE SURCHARGE APBNK 6/15/2023 R 6/06/2023 9,475.17 9,475.17CR G/L ACCOUNT CK: 152566 9,475.17 101 20810 BUILDING PERMIT SURCHARGE 9,146.87 MAY 2023 STATE SURCHARGE 101 20811 BUILDING PMT SURCHARGE-SET FEE 73.50 MAY 2023 STATE SURCHARGE 101 20820 ELECTRICAL PERMIT SURCHARGE 106.82 MAY 2023 STATE SURCHARGE 101 20860 HEATING/AIR COND PERMIT SURCHG 68.60 MAY 2023 STATE SURCHARGE 101 20830 PLUMBING PERMIT SURCHARGE 59.78 MAY 2023 STATE SURCHARGE 101 20850 SEWER PERMIT SURCHARGE 19.60 MAY 2023 STATE SURCHARGE REG. CHECK 1 9,475.17 9,475.17CR 0.00 9,475.17 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!35:!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 31 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-137020 MN FIRE SERV CERT BOARD I 11044 5 HAZMAT CERTIFICATIONS APBNK 6/15/2023 R 4/10/2023 892.50 892.50CR G/L ACCOUNT CK: 152567 892.50 101 42210-01-308.00 INSTRUCTORS' FEES 892.50 5 HAZMAT CERTIFICATIONS REG. CHECK 1 892.50 892.50CR 0.00 892.50 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003882 MN OCC HEALTH - LOCKBOX 135 I 428783 PRE-EMPLOYMENT & DRUG SCREE APBNK 6/15/2023 R 5/31/2023 429.00 429.00CR G/L ACCOUNT CK: 152568 429.00 101 41320-31-305.00 MEDICAL & DENTAL FEES 429.00 PRE-EMPLOYMENT & DRUG SCREENS I 430404 PRE-EMP DRUG SCREENING APBNK 6/15/2023 R 6/02/2032 32.00 32.00CR G/L ACCOUNT CK: 152568 32.00 101 41320-31-305.00 MEDICAL & DENTAL FEES 32.00 PRE-EMP DRUG SCREENING REG. CHECK 1 461.00 461.00CR 0.00 461.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-000093 MN/WI PLAYGROUND I 2023189 BLOOMFIELD SLIDE & CRAWL TU APBNK 6/15/2023 R 5/24/2023 5,160.00 5,160.00CR G/L ACCOUNT CK: 152569 5,160.00 206 49006-01-409.00 OTHER CONTRACTED REPAIR & MAIN 4,660.00 BLOOMFIELD SLIDE & CRAWL TUBE 101 45202-01-403.00 CONTRACTED R & M-OTHER IMPROV 500.00 BLOOMFIELD SLIDE & CRAWL TUBE REG. CHECK 1 5,160.00 5,160.00CR 0.00 5,160.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003522 MULTI-SERVICES INC I 50516 JUNE JANITORIAL SERVICE APBNK 6/15/2023 R 6/01/2023 5,550.00 5,550.00CR G/L ACCOUNT CK: 152570 5,550.00 101 41940-01-319.00 OTHER PROFESSIONAL SERVICES 5,550.00 JUNE JANITORIAL SERVICE REG. CHECK 1 5,550.00 5,550.00CR 0.00 5,550.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!361!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 32 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-004427 ONE TEN TEN HOMES LLC I 2022-03361 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/30/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152571 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2022-03495 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/30/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152571 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2022-03902 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/30/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152571 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND I 2022-04331 AS-BUILT SURVEY REFUND APBNK 6/15/2023 R 5/30/2023 2,000.00 2,000.00CR G/L ACCOUNT CK: 152571 2,000.00 101 22010 AS-BUILT SURVEY DEPOSITS 2,000.00 AS-BUILT SURVEY REFUND REG. CHECK 1 8,000.00 8,000.00CR 0.00 8,000.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003953 ONEADVANCED, INC I P23008 INCODE USQL SUPPORT APBNK 6/15/2023 R 5/04/2023 294.00 294.00CR G/L ACCOUNT CK: 152572 294.00 101 41520-01-391.00 P.C. MAINTENANCE 294.00 INCODE USQL SUPPORT REG. CHECK 1 294.00 294.00CR 0.00 294.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-000924 PAHL'S MARKET INC I 1-20154181 WELLNESS GARDEN VEGGIES/HER APBNK 6/15/2023 R 5/18/2023 45.24 45.24CR G/L ACCOUNT CK: 152573 45.24 101 41320-31-315.00 SPECIAL PROGRAMS 45.24 WELLNESS GARDEN VEGGIES/HERBS I 1-50017122 MEMORIAL BED FLOWERS APBNK 6/15/2023 R 5/25/2023 143.76 143.76CR G/L ACCOUNT CK: 152573 143.76 101 43121-01-225.00 LANDSCAPING MATERIALS 143.76 MEMORIAL BED FLOWERS REG. CHECK 1 189.00 189.00CR 0.00 189.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!362!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 33 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-000944 PEARSON BROS., INC I 5815 ROCK SCREENING APBNK 6/15/2023 R 5/09/2023 510.00 510.00CR G/L ACCOUNT CK: 152574 510.00 101 43121-01-408.00 CRACKSEAL,SEALC'T,PATCH,STRIP 510.00 ROCK SCREENING REG. CHECK 1 510.00 510.00CR 0.00 510.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004740 PELLICCI ACE ROSEMOUNT I 10097/R DIAGONAL PLIERS APBNK 6/15/2023 R 5/30/2023 51.96 51.96CR G/L ACCOUNT CK: 152575 51.96 101 45202-01-241.00 SMALL TOOLS 51.96 DIAGONAL PLIERS I 10098/R SINK REPAIR PART APBNK 6/15/2023 R 5/30/2023 19.99 19.99CR G/L ACCOUNT CK: 152575 19.99 101 41940-01-223.00 BUILDING REPAIR SUPPLIES 19.99 SINK REPAIR PART I 10100/R SINK REPAIR PARTS APBNK 6/15/2023 R 5/31/2023 13.98 13.98CR G/L ACCOUNT CK: 152575 13.98 101 41940-01-223.00 BUILDING REPAIR SUPPLIES 13.98 SINK REPAIR PARTS I 10104/R 4 - 6 VOLT BATTERIES APBNK 6/15/2023 R 5/31/2023 43.96 43.96CR G/L ACCOUNT CK: 152575 43.96 101 43121-01-226.00 SIGN REPAIR MATERIALS 43.96 4 - 6 VOLT BATTERIES I 10118/R SPARE KEY MADE-FIRE VEHICLE APBNK 6/15/2023 R 6/02/2023 44.99 44.99CR G/L ACCOUNT CK: 152575 44.99 101 43100-01-221.00 EQUIPMENT PARTS 44.99 SPARE KEY MADE-FIRE VEHICLE I 10124/R PINE SOL CLEANER APBNK 6/15/2023 R 6/05/2023 29.98 29.98CR G/L ACCOUNT CK: 152575 29.98 101 45202-01-229.00 OTHER MAINTENANCE SUPPLIES 29.98 PINE SOL CLEANER I 10125/R DISK GOLF SUPPLYS APBNK 6/15/2023 R 6/05/2023 51.98 51.98CR G/L ACCOUNT CK: 152575 51.98 101 45202-01-221.00 EQUIPMENT PARTS 51.98 DISK GOLF SUPPLYS I 10126/R IRRIGATION COUPLINGS APBNK 6/15/2023 R 6/05/2023 3.96 3.96CR G/L ACCOUNT CK: 152575 3.96 101 45202-01-221.00 EQUIPMENT PARTS 3.96 IRRIGATION COUPLINGS I 10132/R SPRAY SEAL,CHAIN LINKS,ETC APBNK 6/15/2023 R 6/05/2023 200.09 200.09CR G/L ACCOUNT CK: 152575 200.09 101 45202-01-221.00 EQUIPMENT PARTS 200.09 SPRAY SEAL,CHAIN LINKS,ETC Qbhf!363!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 34 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I 10134/R BATTERY'S,ZIPLOCK BAGS,FOIL APBNK 6/15/2023 R 6/06/2023 67.95 67.95CR G/L ACCOUNT CK: 152575 67.95 601 49400-01-229.00 OTHER MAINTENANCE SUPPLIES 67.95 BATTERY'S,ZIPLOCK BAGS,FOIL I 10141/R PAINT SUPPLIES APBNK 6/15/2023 R 6/06/2023 50.93 50.93CR G/L ACCOUNT CK: 152575 50.93 101 45202-01-229.00 OTHER MAINTENANCE SUPPLIES 50.93 PAINT SUPPLIES REG. CHECK 1 579.77 579.77CR 0.00 579.77 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003715 PIONEER ATHLETICS & MTP I INV881117 ATHLETIC FIELD PAINT APBNK 6/15/2023 R 5/02/2023 7,186.50 7,186.50CR G/L ACCOUNT CK: 152576 7,186.50 101 45202-01-229.00 OTHER MAINTENANCE SUPPLIES 7,186.50 ATHLETIC FIELD PAINT I INV884392 ATHLETIC FIELD PAINT APBNK 6/15/2023 R 5/30/2023 7,186.50 7,186.50CR G/L ACCOUNT CK: 152576 7,186.50 101 45202-01-229.00 OTHER MAINTENANCE SUPPLIES 7,186.50 ATHLETIC FIELD PAINT REG. CHECK 1 14,373.00 14,373.00CR 0.00 14,373.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004766 STACEY POPP I 2023-0193 MAY SENIOR YOGA CLASS APBNK 6/15/2023 R 5/23/2023 288.00 288.00CR G/L ACCOUNT CK: 152577 288.00 101 45100-87-219.00 OTHER OPERATING SUPPLIES 288.00 MAY SENIOR YOGA CLASS REG. CHECK 1 288.00 288.00CR 0.00 288.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-001589 POVOLNY SPECIALTIES I 48647 IRRIGATION ENCLOSURE APBNK 6/15/2023 R 5/18/2023 2,156.00 2,156.00CR G/L ACCOUNT CK: 152578 2,156.00 601 49410-01-221.00 EQUIPMENT PARTS 1,078.00 IRRIGATION ENCLOSURE 601 49411-01-221.00 EQUIPMENT PARTS 1,078.00 IRRIGATION ENCLOSURE REG. CHECK 1 2,156.00 2,156.00CR 0.00 2,156.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!364!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 35 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-003633 PRO-TEC DESIGN INC I 109818 SSL CERT MILESTONE-PD APBNK 6/15/2023 R 5/19/2023 102.00 102.00CR G/L ACCOUNT CK: 152579 102.00 101 41520-01-395.00 P.C. REPAIRS 102.00 SSL CERT MILESTONE-PD REG. CHECK 1 102.00 102.00CR 0.00 102.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003593 REGENTS OF THE I 2140007246 SEMI-ANN COLD/HOT STORAGE F APBNK 6/15/2023 R 4/16/2023 12,500.00 12,500.00CR G/L ACCOUNT CK: 152580 12,500.00 101 45202-01-416.00 MACHINERY RENTAL 2,500.00 SEMI-ANN COLD/HOT STORAGE FEE 101 43121-01-415.00 OTHER EQUIPMENT RENTAL 2,500.00 SEMI-ANN COLD/HOT STORAGE FEE 601 49400-01-439.00 OTHER MISCELLANEOUS CHARGES 2,500.00 SEMI-ANN COLD/HOT STORAGE FEE 602 49450-01-416.00 MACHINERY RENTAL 2,500.00 SEMI-ANN COLD/HOT STORAGE FEE 603 49500-01-416.00 MACHINERY RENTAL 2,500.00 SEMI-ANN COLD/HOT STORAGE FEE REG. CHECK 1 12,500.00 12,500.00CR 0.00 12,500.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004020 RELENTLESS DBA DESERT SNOW I 13150 CRIMINAL INTERDICTION WORKS APBNK 6/15/2023 R 4/13/2023 649.00 649.00CR G/L ACCOUNT CK: 152581 649.00 101 42110-01-437.00 CONFERENCES & SEMINARS 649.00 CRIMINAL INTERDICTION WORKSHOP REG. CHECK 1 649.00 649.00CR 0.00 649.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-180675 RENT 'N' SAVE I 72983 APR PORTABLE TOILET RENTAL APBNK 6/15/2023 R 4/30/2023 1,951.40 1,951.40CR G/L ACCOUNT CK: 152582 1,951.40 101 45100-01-415.00 OTHER EQUIPMENT RENTAL 1,951.40 APR PORTABLE TOILET RENTAL REG. CHECK 1 1,951.40 1,951.40CR 0.00 1,951.40 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!365!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 36 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-005813 REPUBLIC SERVICES #923 I 0923-005345237 JUNE ORGANICS HAULING APBNK 6/15/2023 R 5/25/2023 195.12 195.12CR G/L ACCOUNT CK: 152583 195.12 101 41940-01-530.00 IMPROVEMENTS OTHER THAN BLDGS 195.12 JUNE ORGANICS HAULING REG. CHECK 1 195.12 195.12CR 0.00 195.12 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004710 RHS TRAP TEAM I 2023-0183 PERMIT 5014-DAMAGE DEPOSIT APBNK 6/15/2023 R 5/31/2023 500.00 500.00CR G/L ACCOUNT CK: 152584 500.00 101 22005 REFUNDS PAYABLE - P&R 500.00 PERMIT 5014-DAMAGE DEPOSIT REG. CHECK 1 500.00 500.00CR 0.00 500.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005952 ROBIN RILEY I 2023-0184 PERMIT 4598-DAMAGE DEPOSIT APBNK 6/15/2023 R 5/30/2023 300.00 300.00CR G/L ACCOUNT CK: 152585 300.00 101 22005 REFUNDS PAYABLE - P&R 300.00 PERMIT 4598-DAMAGE DEPOSIT REG. CHECK 1 300.00 300.00CR 0.00 300.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-002444 RIVERLAND COMMUNITY COLLEGE I 1148642 SURVIVAL TRAILER TRAINING APBNK 6/15/2023 R 3/29/2023 1,200.00 1,200.00CR G/L ACCOUNT CK: 152586 1,200.00 101 42210-01-308.00 INSTRUCTORS' FEES 1,200.00 SURVIVAL TRAILER TRAINING REG. CHECK 1 1,200.00 1,200.00CR 0.00 1,200.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-000270 RJ SAYERS DISTRIBUTING I 00026616 BUSHINGS,PLUGS,SOCKETS & HO APBNK 6/15/2023 R 5/22/2023 204.78 204.78CR G/L ACCOUNT CK: 152587 204.78 101 43100-01-221.00 EQUIPMENT PARTS 204.78 BUSHINGS,PLUGS,SOCKETS & HOSE REG. CHECK 1 204.78 204.78CR 0.00 204.78 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!366!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 37 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-005198 ROCK HARD LANDSCAPE SUPPLY I 3095882 WHEELBARROW APBNK 6/15/2023 R 6/05/2023 341.00 341.00CR G/L ACCOUNT CK: 152588 341.00 101 45202-01-241.00 SMALL TOOLS 341.00 WHEELBARROW REG. CHECK 1 341.00 341.00CR 0.00 341.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005439 ROSEMOUNT CAR SPA, LLC I 22 JAN-MAY CAR WASHES-PD APBNK 6/15/2023 R 6/11/2023 1,545.60 1,545.60CR G/L ACCOUNT CK: 152589 1,545.60 101 42110-01-211.00 CLEANING SUPPLIES 1,545.60 JAN-MAY CAR WASHES-PD REG. CHECK 1 1,545.60 1,545.60CR 0.00 1,545.60 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005953 ROSENBAUER MOTORS LLC I DA331 SCBA STRAP APBNK 6/15/2023 R 5/24/2023 103.89 103.89CR G/L ACCOUNT CK: 152590 103.89 101 42210-01-313.00 TEMPORARY SERVICE FEES 103.89 SCBA STRAP REG. CHECK 1 103.89 103.89CR 0.00 103.89 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004148 ROY C., INC I 89284 SERVICE CALL DOOR #3 APBNK 6/15/2023 R 5/23/2023 190.00 190.00CR G/L ACCOUNT CK: 152591 190.00 650 45130-01-404.00 CONTRACTED MACH & EQUIP R & M 190.00 SERVICE CALL DOOR #3 REG. CHECK 1 190.00 190.00CR 0.00 190.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-190095 SAM'S CLUB I 10072041955 SAFETY CAMP/STAFF TRAIN SUP APBNK 6/15/2023 R 6/07/2023 500.46 500.46CR G/L ACCOUNT CK: 152592 500.46 101 45100-01-219.00 OTHER OPERATING SUPPLIES 500.46 SAFETY CAMP/STAFF TRAIN SUPP I 4502 4736 2023 VENDING/CITY HALL SUPPLIES APBNK 6/15/2023 R 5/31/2023 382.74 382.74CR G/L ACCOUNT CK: 152592 382.74 101 41810-01-260.00 FOOD FOR RESALE 143.04 VENDING/CITY HALL SUPPLIES Qbhf!367!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 38 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 101 41940-01-208.00 MISCELLANEOUS SUPPLIES 239.70 VENDING/CITY HALL SUPPLIES REG. CHECK 1 883.20 883.20CR 0.00 883.20 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005948 KELSEY SCHEEL I 2023-0178 GARDEN PLOT REFUND APBNK 6/15/2023 R 6/06/2023 35.00 35.00CR G/L ACCOUNT CK: 152593 35.00 101 36220.00 RENTS & ROYALTIES 35.00 GARDEN PLOT REFUND REG. CHECK 1 35.00 35.00CR 0.00 35.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-190580 SENTRY SYSTEMS INC I 785446 FS #1 MONITORING-JUN,JUL,AU APBNK 6/15/2023 R 6/01/2023 81.30 81.30CR G/L ACCOUNT CK: 152594 81.30 101 42210-01-439.00 OTHER MISCELLANEOUS CHARGES 81.30 FS #1 MONITORING-JUN,JUL,AUG REG. CHECK 1 81.30 81.30CR 0.00 81.30 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-000861 SHI INTERNATIONAL CORP I B16807347 GIS INTERN LAPTOP DOCK APBNK 6/15/2023 R 4/28/2023 216.00 216.00CR G/L ACCOUNT CK: 152595 216.00 101 41910-01-392.00 P.C. ACCESSORIES & SUPPLIES 108.00 GIS INTERN LAPTOP DOCK 101 43121-01-392.00 P.C. ACCESSORIES & SUPPLIES 108.00 GIS INTERN LAPTOP DOCK I B16807359 MICROSOFT 365 APBNK 6/15/2023 R 4/28/2023 700.00 700.00CR G/L ACCOUNT CK: 152595 700.00 101 41520-01-394.00 P.C. SOFTWARE PURCHASES 700.00 MICROSOFT 365 I B16807392 MICROSOFT 365 FOR GIS TEAM APBNK 6/15/2023 R 4/28/2023 1,427.72 1,427.72CR G/L ACCOUNT CK: 152595 1,427.72 101 41520-01-394.00 P.C. SOFTWARE PURCHASES 1,427.72 MICROSOFT 365 FOR GIS TEAM I B16807919 MICROSOFT 365 APBNK 6/15/2023 R 4/28/2023 40,285.00 40,285.00CR G/L ACCOUNT CK: 152595 40,285.00 101 41520-01-394.00 P.C. SOFTWARE PURCHASES 40,285.00 MICROSOFT 365 I B16808881 GIS INTERN LAPTOP APBNK 6/15/2023 R 5/01/2023 2,340.00 2,340.00CR G/L ACCOUNT CK: 152595 2,340.00 101 43121-01-242.00 MINOR EQUIPMENT 1,170.00 GIS INTERN LAPTOP Qbhf!368!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 39 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 101 41910-01-242.00 MINOR EQUIPMENT 1,170.00 GIS INTERN LAPTOP I B16861877 MOUSE-GIS INTERN APBNK 6/15/2023 R 5/16/2023 142.00 142.00CR G/L ACCOUNT CK: 152595 142.00 101 41520-01-392.00 P.C. ACCESSORIES & SUPPLIES 142.00 MOUSE-GIS INTERN I B16864004 OFFICE 365 G1 (5) APBNK 6/15/2023 R 5/16/2023 433.70 433.70CR G/L ACCOUNT CK: 152595 433.70 101 41520-01-394.00 P.C. SOFTWARE PURCHASES 433.70 OFFICE 365 G1 (5) I B16902792 SURFACE PRO-PW NEW EMPLOYEE APBNK 6/15/2023 R 5/24/2023 1,201.00 1,201.00CR G/L ACCOUNT CK: 152595 1,201.00 101 45202-01-393.00 P.C. HARDWARE PURCHASES 1,201.00 SURFACE PRO-PW NEW EMPLOYEE REG. CHECK 1 46,745.42 46,745.42CR 0.00 46,745.42 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005957 SHRED-N-GO INC I 150879 CLEANUP DAY SHREDDING APBNK 6/15/2023 R 5/20/2023 1,759.00 1,759.00CR G/L ACCOUNT CK: 152596 1,759.00 101 41940-01-384.00 REFUSE DISPOSAL 1,759.00 CLEANUP DAY SHREDDING REG. CHECK 1 1,759.00 1,759.00CR 0.00 1,759.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-191510 SOLBERG AGGREGATE COMPANY I 27288 519.66T CLASS 5 CRUSHED LIM APBNK 6/15/2023 R 5/31/2023 4,417.12 4,417.12CR G/L ACCOUNT CK: 152597 4,417.12 101 43121-01-232.00 CRUSHED ROCK 4,417.12 519.66T CLASS 5 CRUSHED LIME REG. CHECK 1 4,417.12 4,417.12CR 0.00 4,417.12 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004240 SOUTH CEDAR GREENHOUSES I 82933 WELLNESS GARDEN/CITY GARDEN APBNK 6/15/2023 R 5/22/2023 243.40 243.40CR G/L ACCOUNT CK: 152598 243.40 101 41320-31-315.00 SPECIAL PROGRAMS 79.40 WELLNESS GARDEN/CITY GARDENS 101 43121-01-225.00 LANDSCAPING MATERIALS 164.00 WELLNESS GARDEN/CITY GARDENS REG. CHECK 1 243.40 243.40CR 0.00 243.40 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!369!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 40 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-005878 SR WEIDEMA INC I 2023-0192 BOULDER AVE EXTENSION APBNK 6/15/2023 R 6/08/2023 497,700.97 497,700.97CR G/L ACCOUNT CK: 152599 497,700.97 469 48000-01-303.00 ENGINEERING FEES 497,700.97 BOULDER AVE EXTENSION REG. CHECK 1 497,700.97 497,700.97CR 0.00 497,700.97 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-004997 STERICYCLE INC I 8003840435 APRIL SHREDDING SERVICES APBNK 6/15/2023 R 4/30/2023 136.12 136.12CR G/L ACCOUNT CK: 152600 136.12 101 42110-01-203.00 PRINTED FORMS & PAPER 136.12 APRIL SHREDDING SERVICES I 8004032988 MAY SHREDDING SERVICES APBNK 6/15/2023 R 5/31/2023 135.06 135.06CR G/L ACCOUNT CK: 152600 135.06 101 42110-01-203.00 PRINTED FORMS & PAPER 135.06 MAY SHREDDING SERVICES REG. CHECK 1 271.18 271.18CR 0.00 271.18 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-192536 STREICHER'S I I1638188 RESERVE BAKKE UNIFORM APBNK 6/15/2023 R 6/06/2023 1,306.85 1,306.85CR G/L ACCOUNT CK: 152601 1,306.85 101 42110-01-217.00 CLOTHING ALLOWANCE - POLICE 1,306.85 RESERVE BAKKE UNIFORM I I1638190 RESERVE MCMENOMY UNIFORM APBNK 6/15/2023 R 6/06/2023 1,162.89 1,162.89CR G/L ACCOUNT CK: 152601 1,162.89 101 42110-01-217.00 CLOTHING ALLOWANCE - POLICE 1,162.89 RESERVE MCMENOMY UNIFORM I I1638192 RESERVE UNIFORM APBNK 6/15/2023 R 6/06/2023 72.98 72.98CR G/L ACCOUNT CK: 152601 72.98 101 42110-01-217.00 CLOTHING ALLOWANCE - POLICE 72.98 RESERVE UNIFORM I I1638193 RESERVE BESKAR UNIFORM APBNK 6/15/2023 R 6/06/2023 1,176.89 1,176.89CR G/L ACCOUNT CK: 152601 1,176.89 101 42110-01-217.00 CLOTHING ALLOWANCE - POLICE 1,176.89 RESERVE BESKAR UNIFORM REG. CHECK 1 3,719.61 3,719.61CR 0.00 3,719.61 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!36:!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 41 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-004587 TACTICAL ADVANTAGE LLC I 2023-0038 GLOCK 47 9X19 APBNK 6/15/2023 R 5/18/2023 535.50 535.50CR G/L ACCOUNT CK: 152602 535.50 101 42110-12-217.00 CLOTHING ALLOWANCE - POLICE 535.50 GLOCK 47 9X19 REG. CHECK 1 535.50 535.50CR 0.00 535.50 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-001609 THOMSON REUTERS-WEST I 848247288 APRIL CLEAR CHARGES APBNK 6/15/2023 R 5/01/2023 212.18 212.18CR G/L ACCOUNT CK: 152603 212.18 101 42110-01-433.00 DUES & SUBSCRIPTIONS 212.18 APRIL CLEAR CHARGES I 848404078 MAY CLEAR CHARGES APBNK 6/15/2023 R 6/01/2023 212.18 212.18CR G/L ACCOUNT CK: 152603 212.18 101 42110-01-433.00 DUES & SUBSCRIPTIONS 212.18 MAY CLEAR CHARGES REG. CHECK 1 424.36 424.36CR 0.00 424.36 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-200945 THYSSENKRUPP ELEVATOR CORP I 3007285764 ELEVATOR SERVICE APBNK 6/15/2023 R 6/01/2023 530.82 530.82CR G/L ACCOUNT CK: 152604 530.82 101 45100-01-404.00 CONTRACTED MACH & EQUIP R & M 132.70 ELEVATOR SERVICE 101 11510 NATIONAL GUARD A/R 132.70 ELEVATOR SERVICE 650 45130-01-404.00 CONTRACTED MACH & EQUIP R & M 265.42 ELEVATOR SERVICE REG. CHECK 1 530.82 530.82CR 0.00 530.82 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-002601 TITAN ENERGY SYSTEMS INC I 230505-007 GENERATOR PARTS & REPAIR LA APBNK 6/15/2023 R 5/08/2023 478.81 478.81CR G/L ACCOUNT CK: 152605 478.81 101 43100-01-404.00 CONTRACTED MACH & EQUIP SERV 420.00 GENERATOR PARTS & REPAIR LABOR 101 43100-01-221.00 EQUIPMENT PARTS 58.81 GENERATOR PARTS & REPAIR LABOR REG. CHECK 1 478.81 478.81CR 0.00 478.81 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!371!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 42 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-005720 TMG CONSTRUCTION INC I 2023-0195 FLINT HILLS TRAILHEAD BUILD APBNK 6/15/2023 R 5/31/2023 23,332.85 23,332.85CR G/L ACCOUNT CK: 152606 23,332.85 205 20600 CONTRACTS PAYABLE 23,332.85 FLINT HILLS TRAILHEAD BUILDING REG. CHECK 1 23,332.85 23,332.85CR 0.00 23,332.85 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003042 TRANE U.S. INC I 313668081 SERVICE CALL - CHILLER APBNK 6/15/2023 R 6/08/2023 2,133.64 2,133.64CR G/L ACCOUNT CK: 152607 2,133.64 650 45130-01-404.00 CONTRACTED MACH & EQUIP R & M 2,133.64 SERVICE CALL - CHILLER REG. CHECK 1 2,133.64 2,133.64CR 0.00 2,133.64 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003793 TRANS UNION LLC I 04333804 EMPLOYEE BACKGROUNDS APBNK 6/15/2023 R 4/25/2023 95.50 95.50CR G/L ACCOUNT CK: 152608 95.50 101 42110-01-306.00 PERSONNEL TESTING & RECRUITMNT 95.50 EMPLOYEE BACKGROUNDS I 05333148 BACKGROUND-CREDIT CHECKS APBNK 6/15/2023 R 5/25/2023 19.10 19.10CR G/L ACCOUNT CK: 152608 19.10 101 42110-01-306.00 PERSONNEL TESTING & RECRUITMNT 19.10 BACKGROUND-CREDIT CHECKS REG. CHECK 1 114.60 114.60CR 0.00 114.60 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005856 TWIN CITIES INFLATABLES I 16020410 INFLATABLE FOR SAFETY CAMP APBNK 6/15/2023 R 6/06/2023 824.97 824.97CR G/L ACCOUNT CK: 152609 824.97 205 49005-01-439.00 OTHER MISCELLANEOUS CHARGES 824.97 INFLATABLE FOR SAFETY CAMP REG. CHECK 1 824.97 824.97CR 0.00 824.97 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!372!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 43 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-202315 TWIN CITY HARDWARE I PSI2195333 KEYCARD SERVER RPR APBNK 6/15/2023 R 5/30/2023 150.00 150.00CR G/L ACCOUNT CK: 152610 150.00 101 41520-01-409.00 OTHER CONTRACTED REPAIR & MAIN 150.00 KEYCARD SERVER RPR REG. CHECK 1 150.00 150.00CR 0.00 150.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-002192 TYLER TECHNOLOGIES I 025-420226 POSITIVE PAY MAINT FEES APBNK 6/15/2023 R 6/01/2023 421.40 421.40CR G/L ACCOUNT CK: 152611 421.40 101 41520-01-391.00 P.C. MAINTENANCE 421.40 POSITIVE PAY MAINT FEES REG. CHECK 1 421.40 421.40CR 0.00 421.40 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-000356 ULINE I 163179136 EVIDENCE BOXES APBNK 6/15/2023 R 5/03/2023 551.32 551.32CR G/L ACCOUNT CK: 152612 551.32 101 42110-01-219.00 OTHER OPERATING SUPPLIES 551.32 EVIDENCE BOXES I 164255283 3 GARDEN WATER TANKS APBNK 6/15/2023 R 5/31/2023 1,833.32 1,833.32CR G/L ACCOUNT CK: 152612 1,833.32 101 45100-01-315.00 SPECIAL PROGRAMS 1,833.32 3 GARDEN WATER TANKS REG. CHECK 1 2,384.64 2,384.64CR 0.00 2,384.64 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-001337 US BANK C 202306069475 RETURN FOR BUILDING DEPT. APBNK 6/07/2023 D 5/03/2023 59.98CR 59.98 G/L ACCOUNT CK: 001518 59.98CR 101 41910-01-209.00 OTHER OFFICE SUPPLIES 59.98CRRETURN FOR BUILDING DEPT. I 202306069463 WEISENSEL REGISTRATION FEE APBNK 6/07/2023 D 4/28/2023 555.00 555.00CR G/L ACCOUNT CK: 001518 555.00 101 41110-01-437.00 CONFERENCES & SEMINARS 555.00 WEISENSEL REGISTRATION FEE I 202306069464 FOOD FOR COUNCIL MEETING 5/ APBNK 6/07/2023 D 5/02/2023 80.37 80.37CR G/L ACCOUNT CK: 001518 80.37 101 41110-01-315.00 SPECIAL PROGRAMS 80.37 FOOD FOR COUNCIL MEETING 5/2 Qbhf!373!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 44 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I 202306069465 FOOD FOR EMP. TRAINING EVEN APBNK 6/07/2023 D 5/09/2023 317.76 317.76CR G/L ACCOUNT CK: 001518 317.76 101 41320-31-315.00 SPECIAL PROGRAMS 317.76 FOOD FOR EMP. TRAINING EVENT I 202306069466 EMPLOYMENT AD FOR BLDG INSP APBNK 6/07/2023 D 4/30/2023 11.12 11.12CR G/L ACCOUNT CK: 001518 11.12 101 41320-31-341.00 EMPLOYMENT ADVERTISING 11.12 EMPLOYMENT AD FOR BLDG INSP I 202306069467 ANNUAL MAGC MEMBERSHIP APBNK 6/07/2023 D 5/02/2023 85.00 85.00CR G/L ACCOUNT CK: 001518 85.00 101 41320-41-433.00 DUES & SUBSCRIPTIONS 85.00 ANNUAL MAGC MEMBERSHIP I 202306069468 MAY WELLNESS PRESENTATION APBNK 6/07/2023 D 5/05/2023 250.00 250.00CR G/L ACCOUNT CK: 001518 250.00 101 41320-31-315.00 SPECIAL PROGRAMS 250.00 MAY WELLNESS PRESENTATION I 202306069469 "GOOD MOOD FOODS" WELLNESS APBNK 6/07/2023 D 5/05/2023 50.00 50.00CR G/L ACCOUNT CK: 001518 50.00 101 41320-31-315.00 SPECIAL PROGRAMS 50.00 "GOOD MOOD FOODS" WELLNESS PRE I 202306069470 CDL CHECK FOR NEW HIRE APBNK 6/07/2023 D 5/10/2023 1.25 1.25CR G/L ACCOUNT CK: 001518 1.25 101 41320-31-306.00 PERSONNEL TESTING & RECRUITMNT 1.25 CDL CHECK FOR NEW HIRE I 202306069471 Membership 5/1/23-4/30/24 APBNK 6/07/2023 D 4/28/2023 150.00 150.00CR G/L ACCOUNT CK: 001518 150.00 101 41520-01-433.00 DUES & SUBSCRIPTIONS 150.00 Membership 5/1/23-4/30/24 I 202306069472 FOOD FOR CHAMBER EVENT APBNK 6/07/2023 D 4/25/2023 16.00 16.00CR G/L ACCOUNT CK: 001518 16.00 201 46300-01-439.00 OTHER MISCELLANEOUS CHARGES 16.00 FOOD FOR CHAMBER EVENT I 202306069473 BUILDING DEPT. SUPPLIES APBNK 6/07/2023 D 4/25/2023 83.07 83.07CR G/L ACCOUNT CK: 001518 83.07 101 41910-01-241.00 SMALL TOOLS 83.07 BUILDING DEPT. SUPPLIES I 202306069474 CHAMBER MEETING/COFFEE APBNK 6/07/2023 D 4/25/2023 85.70 85.70CR G/L ACCOUNT CK: 001518 85.70 201 46300-01-439.00 OTHER MISCELLANEOUS CHARGES 85.70 CHAMBER MEETING/COFFEE I 202306069476 MEMBERSHIP RENEWAL-NEMCEK APBNK 6/07/2023 D 5/09/2023 434.00 434.00CR G/L ACCOUNT CK: 001518 434.00 101 41910-01-433.00 DUES & SUBSCRIPTIONS 434.00 MEMBERSHIP RENEWAL-NEMCEK I 202306069477 Initial APA Membership APBNK 6/07/2023 D 5/09/2023 99.00 99.00CR G/L ACCOUNT CK: 001518 99.00 101 41910-01-433.00 DUES & SUBSCRIPTIONS 99.00 Initial APA Membership Qbhf!374!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 45 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I 202306069478 BUILDING DEPT. SUPPLIES APBNK 6/07/2023 D 5/21/2023 24.99 24.99CR G/L ACCOUNT CK: 001518 24.99 101 41910-01-241.00 SMALL TOOLS 24.99 BUILDING DEPT. SUPPLIES I 202306069479 LAPTOP BAGS FOR PLANNERS (2 APBNK 6/07/2023 D 5/22/2023 41.98 41.98CR G/L ACCOUNT CK: 001518 41.98 101 41910-01-209.00 OTHER OFFICE SUPPLIES 41.98 LAPTOP BAGS FOR PLANNERS (2) I 202306069480 LUNCH FOR CD BIGFOOT MEETIN APBNK 6/07/2023 D 5/23/2023 56.15 56.15CR G/L ACCOUNT CK: 001518 56.15 201 46300-01-439.00 OTHER MISCELLANEOUS CHARGES 56.15 LUNCH FOR CD BIGFOOT MEETING I 202306069481 CHARGER FOR IPHONE - IT DEP APBNK 6/07/2023 D 5/23/2023 56.97 56.97CR G/L ACCOUNT CK: 001518 56.97 101 41910-01-208.00 MISCELLANEOUS SUPPLIES 56.97 CHARGER FOR IPHONE - IT DEPT I 202306069482 LUNCH FOR CD BIGFOOT MEETIN APBNK 6/07/2023 D 5/23/2023 101.63 101.63CR G/L ACCOUNT CK: 001518 101.63 201 46300-01-439.00 OTHER MISCELLANEOUS CHARGES 101.63 LUNCH FOR CD BIGFOOT MEETING I 202306069483 BLANKETS FOR SQUADS APBNK 6/07/2023 D 4/26/2023 335.86 335.86CR G/L ACCOUNT CK: 001518 335.86 101 42110-01-242.00 MINOR EQUIPMENT 335.86 BLANKETS FOR SQUADS I 202306069484 BATTERIES APBNK 6/07/2023 D 5/23/2023 10.70 10.70CR G/L ACCOUNT CK: 001518 10.70 101 41810-01-209.00 OTHER OFFICE SUPPLIES 10.70 BATTERIES I 202306069485 EVIDENCE MANAGERS TRAINING APBNK 6/07/2023 D 5/14/2023 399.00 399.00CR G/L ACCOUNT CK: 001518 399.00 101 42110-01-437.00 CONFERENCES & SEMINARS 399.00 EVIDENCE MANAGERS TRAINING S40 I 202306069486 MAPET ANNUAL MEMBERSHIP FEE APBNK 6/07/2023 D 5/22/2023 35.00 35.00CR G/L ACCOUNT CK: 001518 35.00 101 42110-01-433.00 DUES & SUBSCRIPTIONS 35.00 MAPET ANNUAL MEMBERSHIP FEE I 202306069487 MAPET ANNUAL CONFERENCE APBNK 6/07/2023 D 5/22/2023 200.00 200.00CR G/L ACCOUNT CK: 001518 200.00 101 42110-01-437.00 CONFERENCES & SEMINARS 200.00 MAPET ANNUAL CONFERENCE I 202306069488 CAMERA LENS COVER REPLACEME APBNK 6/07/2023 D 4/26/2023 17.48 17.48CR G/L ACCOUNT CK: 001518 17.48 101 42110-01-242.00 MINOR EQUIPMENT 17.48 CAMERA LENS COVER REPLACEMENT I 202306069489 CAMERA LENS COVER REPLACEME APBNK 6/07/2023 D 4/26/2023 7.92 7.92CR G/L ACCOUNT CK: 001518 7.92 101 42110-01-242.00 MINOR EQUIPMENT 7.92 CAMERA LENS COVER REPLACEMENT Qbhf!375!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 46 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I 202306069490 CO2 CARTRIDGES-UOF TRNG EQU APBNK 6/07/2023 D 4/27/2023 24.63 24.63CR G/L ACCOUNT CK: 001518 24.63 101 42110-01-207.00 TRAINING & INSTRUCTIONAL SUPPL 24.63 CO2 CARTRIDGES-UOF TRNG EQUIP. I 202306069491 FOREHEAD PROTECTION(UOF TRN APBNK 6/07/2023 D 5/07/2023 24.99 24.99CR G/L ACCOUNT CK: 001518 24.99 101 42110-01-207.00 TRAINING & INSTRUCTIONAL SUPPL 24.99 FOREHEAD PROTECTION(UOF TRNG) I 202306069492 RIFLE ARMORER CERT.-3546 APBNK 6/07/2023 D 5/08/2023 550.00 550.00CR G/L ACCOUNT CK: 001518 550.00 101 42110-01-437.00 CONFERENCES & SEMINARS 550.00 RIFLE ARMORER CERT.-3546 I 202306069493 SWAT RIFLE PARTS APBNK 6/07/2023 D 5/10/2023 294.42 294.42CR G/L ACCOUNT CK: 001518 294.42 101 42110-01-242.00 MINOR EQUIPMENT 294.42 SWAT RIFLE PARTS I 202306069494 RIFLE ARMORING TOOLS APBNK 6/07/2023 D 5/15/2023 126.38 126.38CR G/L ACCOUNT CK: 001518 126.38 101 42110-01-221.00 EQUIPMENT PARTS 126.38 RIFLE ARMORING TOOLS I 202306069495 SOCIAL MEDIA INV TRAINING APBNK 6/07/2023 D 5/16/2023 150.00 150.00CR G/L ACCOUNT CK: 001518 150.00 101 42110-01-437.00 CONFERENCES & SEMINARS 150.00 SOCIAL MEDIA INV TRAINING I 202306069496 RIFLE BUFFER WEIGHTS APBNK 6/07/2023 D 5/16/2023 85.89 85.89CR G/L ACCOUNT CK: 001518 85.89 101 42110-01-242.00 MINOR EQUIPMENT 85.89 RIFLE BUFFER WEIGHTS I 202306069497 OFFICE SUPPLIES APBNK 6/07/2023 D 5/15/2023 9.74 9.74CR G/L ACCOUNT CK: 001518 9.74 101 41810-01-209.00 OTHER OFFICE SUPPLIES 9.74 OFFICE SUPPLIES I 202306069498 OFFICE SUPPLIES APBNK 6/07/2023 D 5/16/2023 38.83 38.83CR G/L ACCOUNT CK: 001518 38.83 101 41810-01-209.00 OTHER OFFICE SUPPLIES 38.83 OFFICE SUPPLIES I 202306069499 OFFICE SUPPLIES APBNK 6/07/2023 D 5/16/2023 47.60 47.60CR G/L ACCOUNT CK: 001518 47.60 101 41810-01-209.00 OTHER OFFICE SUPPLIES 47.60 OFFICE SUPPLIES I 202306069500 OFFICE SUPPLIES APBNK 6/07/2023 D 5/17/2023 58.50 58.50CR G/L ACCOUNT CK: 001518 58.50 101 41810-01-209.00 OTHER OFFICE SUPPLIES 58.50 OFFICE SUPPLIES I 202306069501 OFFICE SUPPLIES APBNK 6/07/2023 D 5/18/2023 56.99 56.99CR G/L ACCOUNT CK: 001518 56.99 101 41810-01-209.00 OTHER OFFICE SUPPLIES 56.99 OFFICE SUPPLIES Qbhf!376!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 47 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I 202306069502 CONFERENCE REGISTRATION APBNK 6/07/2023 D 5/19/2023 200.00 200.00CR G/L ACCOUNT CK: 001518 200.00 101 42110-01-437.00 CONFERENCES & SEMINARS 200.00 CONFERENCE REGISTRATION I 202306069503 CRO PROMO ITEMS APBNK 6/07/2023 D 5/19/2023 220.50 220.50CR G/L ACCOUNT CK: 001518 220.50 101 42110-01-435.00 COMMUNITY ENGAGEMENT SUPPLIES 220.50 CRO PROMO ITEMS I 202306069504 OFFICE SUPPLIES APBNK 6/07/2023 D 5/23/2023 16.75 16.75CR G/L ACCOUNT CK: 001518 16.75 101 41810-01-209.00 OTHER OFFICE SUPPLIES 16.75 OFFICE SUPPLIES I 202306069505 NEW RPD CHALLENGE COINS-300 APBNK 6/07/2023 D 4/29/2023 1,290.00 1,290.00CR G/L ACCOUNT CK: 001518 1,290.00 101 42110-01-580.00 OTHER EQUIPMENT PURCHASES 1,290.00 NEW RPD CHALLENGE COINS-300 I 202306069506 DRINKS FOR MFF TRAINING APBNK 6/07/2023 D 5/02/2023 21.60 21.60CR G/L ACCOUNT CK: 001518 21.60 101 42110-01-439.00 OTHER MISCELLANEOUS CHARGES 21.60 DRINKS FOR MFF TRAINING I 202306069507 SWAT BUNKER TRAIN THE TRAIN APBNK 6/07/2023 D 5/03/2023 695.00 695.00CR G/L ACCOUNT CK: 001518 695.00 101 42110-01-437.00 CONFERENCES & SEMINARS 695.00 SWAT BUNKER TRAIN THE TRAINER I 202306069508 SHOCK CORD APBNK 6/07/2023 D 5/14/2023 44.00 44.00CR G/L ACCOUNT CK: 001518 44.00 101 42210-01-229.00 OTHER MAINTENANCE SUPPLIES 44.00 SHOCK CORD I 202306069509 KEY TAGS APBNK 6/07/2023 D 5/16/2023 5.98 5.98CR G/L ACCOUNT CK: 001518 5.98 101 42210-01-204.00 ENVELOPES & LETTERHEADS 5.98 KEY TAGS I 202306069510 BASE ANCHOR PLUGS APBNK 6/07/2023 D 5/12/2023 534.00 534.00CR G/L ACCOUNT CK: 001518 534.00 101 45202-01-221.00 EQUIPMENT PARTS 534.00 BASE ANCHOR PLUGS I 202306069511 "danger" chlorine signs APBNK 6/07/2023 D 4/26/2023 36.52 36.52CR G/L ACCOUNT CK: 001518 36.52 601 49400-01-229.00 OTHER MAINTENANCE SUPPLIES 36.52 "danger" chlorine signs I 202306069512 exit signs APBNK 6/07/2023 D 4/27/2023 31.65 31.65CR G/L ACCOUNT CK: 001518 31.65 601 49400-01-229.00 OTHER MAINTENANCE SUPPLIES 31.65 exit signs I 202306069513 danger chemical storage sig APBNK 6/07/2023 D 4/27/2023 42.92 42.92CR G/L ACCOUNT CK: 001518 42.92 601 49400-01-229.00 OTHER MAINTENANCE SUPPLIES 42.92 danger chemical storage signs. Qbhf!377!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 48 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I 202306069514 danger chemical storage sig APBNK 6/07/2023 D 4/30/2023 21.96 21.96CR G/L ACCOUNT CK: 001518 21.96 601 49400-01-229.00 OTHER MAINTENANCE SUPPLIES 21.96 danger chemical storage signs. I 202306069515 10 TOW STRAPS APBNK 6/07/2023 D 5/11/2023 219.48 219.48CR G/L ACCOUNT CK: 001518 219.48 601 49400-01-240.00 SAFETY EQUIPMENT & PPE 43.90 10 TOW STRAPS 603 49500-01-240.00 SAFETY EQUIPMENT & PPE 43.89 10 TOW STRAPS 602 49450-01-240.00 SAFETY EQUIPMENT & PPE 43.89 10 TOW STRAPS 101 43121-01-240.00 SAFETY EQUIPMENT & PPE 43.90 10 TOW STRAPS 101 45202-01-240.00 SAFETY EQUIPMENT & PPE 43.90 10 TOW STRAPS I 202306069516 TOW STRAPS APBNK 6/07/2023 D 5/12/2023 379.98 379.98CR G/L ACCOUNT CK: 001518 379.98 101 43121-01-241.00 SMALL TOOLS 75.99 TOW STRAPS 601 49400-01-242.00 MINOR EQUIPMENT 75.99 TOW STRAPS 603 49500-01-242.00 MINOR EQUIPMENT 75.99 TOW STRAPS 602 49450-01-242.00 MINOR EQUIPMENT 76.02 TOW STRAPS 101 43100-01-242.00 MINOR EQUIPMENT 75.99 TOW STRAPS I 202306069517 TIRE TUBES FOR AC MACHINE APBNK 6/07/2023 D 5/25/2023 11.99 11.99CR G/L ACCOUNT CK: 001518 11.99 101 43100-01-222.00 TIRES 11.99 TIRE TUBES FOR AC MACHINE I 202306069518 Renewal of PLT license APBNK 6/07/2023 D 5/01/2023 43.00 43.00CR G/L ACCOUNT CK: 001518 43.00 101 41940-01-437.00 CONFERENCES & SEMINARS 43.00 Renewal of PLT license I 202306069519 FLIGHT TO ESRI CONFERENCE APBNK 6/07/2023 D 4/25/2023 282.90 282.90CR G/L ACCOUNT CK: 001518 282.90 101 43121-01-437.00 CONFERENCES & SEMINARS 56.58 FLIGHT TO ESRI CONFERENCE 101 45202-01-437.00 CONFERENCES & SEMINARS 56.58 FLIGHT TO ESRI CONFERENCE 601 49400-01-437.00 CONFERENCES & SEMINARS 56.58 FLIGHT TO ESRI CONFERENCE 602 49450-01-437.00 CONFERENCES & SEMINARS 56.58 FLIGHT TO ESRI CONFERENCE 603 49500-01-437.00 CONFERENCES & SEMINARS 56.58 FLIGHT TO ESRI CONFERENCE I 202306069520 FLIGHT TO ESRI CONFERENCE APBNK 6/07/2023 D 4/24/2023 358.90 358.90CR G/L ACCOUNT CK: 001518 358.90 101 43121-01-437.00 CONFERENCES & SEMINARS 71.78 FLIGHT TO ESRI CONFERENCE 101 45202-01-437.00 CONFERENCES & SEMINARS 71.78 FLIGHT TO ESRI CONFERENCE 601 49400-01-437.00 CONFERENCES & SEMINARS 71.78 FLIGHT TO ESRI CONFERENCE 602 49450-01-437.00 CONFERENCES & SEMINARS 71.78 FLIGHT TO ESRI CONFERENCE 603 49500-01-437.00 CONFERENCES & SEMINARS 71.78 FLIGHT TO ESRI CONFERENCE I 202306069521 SPRING WORKSHOP - ATTIYEH APBNK 6/07/2023 D 4/26/2023 125.00 125.00CR G/L ACCOUNT CK: 001518 125.00 101 43121-01-437.00 CONFERENCES & SEMINARS 25.00 SPRING WORKSHOP - ATTIYEH Qbhf!378!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 49 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 101 45202-01-437.00 CONFERENCES & SEMINARS 25.00 SPRING WORKSHOP - ATTIYEH 601 49400-01-437.00 CONFERENCES & SEMINARS 25.00 SPRING WORKSHOP - ATTIYEH 602 49450-01-437.00 CONFERENCES & SEMINARS 25.00 SPRING WORKSHOP - ATTIYEH 603 49500-01-437.00 CONFERENCES & SEMINARS 25.00 SPRING WORKSHOP - ATTIYEH I 202306069522 POSTCARDS FOR HAWKINS POND APBNK 6/07/2023 D 5/12/2023 42.63 42.63CR G/L ACCOUNT CK: 001518 42.63 101 41940-01-208.00 MISCELLANEOUS SUPPLIES 42.63 POSTCARDS FOR HAWKINS POND I 202306069523 POSTCARDS FOR CRACK SEAL APBNK 6/07/2023 D 5/13/2023 44.80 44.80CR G/L ACCOUNT CK: 001518 44.80 101 41940-01-208.00 MISCELLANEOUS SUPPLIES 44.80 POSTCARDS FOR CRACK SEAL I 202306069524 APPLE 20W USB-C POWER ADAPT APBNK 6/07/2023 D 5/23/2023 56.97 56.97CR G/L ACCOUNT CK: 001518 56.97 101 45202-01-321.00 TELEPHONE COSTS 56.97 APPLE 20W USB-C POWER ADAPTER I 202306069525 BRICK CLEANING SUPPLIES APBNK 6/07/2023 D 4/25/2023 59.97 59.97CR G/L ACCOUNT CK: 001518 59.97 101 45100-30-221.00 EQUIPMENT PARTS 59.97 BRICK CLEANING SUPPLIES I 202306069526 BRICK CLEANING SUPPLIES APBNK 6/07/2023 D 4/26/2023 9.40 9.40CR G/L ACCOUNT CK: 001518 9.40 101 45100-30-221.00 EQUIPMENT PARTS 9.40 BRICK CLEANING SUPPLIES I 202306069527 BRICK CLEANING SUPPLIES APBNK 6/07/2023 D 4/30/2023 54.60 54.60CR G/L ACCOUNT CK: 001518 54.60 101 45100-30-221.00 EQUIPMENT PARTS 54.60 BRICK CLEANING SUPPLIES I 202306069528 FLOOR MATS BANQUET HALL EVE APBNK 6/07/2023 D 5/05/2023 117.82 117.82CR G/L ACCOUNT CK: 001518 117.82 101 45100-01-401.00 CONTRACTED BUILDING REPAIRS 117.82 FLOOR MATS BANQUET HALL EVENTS I 202306069529 LIGHT SWITCH COVERS APBNK 6/07/2023 D 5/19/2023 14.96 14.96CR G/L ACCOUNT CK: 001518 14.96 101 45100-30-221.00 EQUIPMENT PARTS 14.96 LIGHT SWITCH COVERS I 202306069530 SUPPLIES - SENIOR DERBY PAR APBNK 6/07/2023 D 4/27/2023 14.46 14.46CR G/L ACCOUNT CK: 001518 14.46 101 45100-87-219.00 OTHER OPERATING SUPPLIES 14.46 SUPPLIES - SENIOR DERBY PARTY I 202306069531 PRIZES FOR SENIOR DERBY EVE APBNK 6/07/2023 D 5/04/2023 26.24 26.24CR G/L ACCOUNT CK: 001518 26.24 101 45100-87-219.00 OTHER OPERATING SUPPLIES 26.24 PRIZES FOR SENIOR DERBY EVENT I 202306069532 TREATS FOR SENIOR DERBY EVE APBNK 6/07/2023 D 5/04/2023 43.88 43.88CR G/L ACCOUNT CK: 001518 43.88 101 45100-87-219.00 OTHER OPERATING SUPPLIES 43.88 TREATS FOR SENIOR DERBY EVENT Qbhf!379!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 50 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I 202306069533 POSTER BOARD FOR SAIL CLASS APBNK 6/07/2023 D 5/11/2023 2.68 2.68CR G/L ACCOUNT CK: 001518 2.68 101 45100-87-219.00 OTHER OPERATING SUPPLIES 2.68 POSTER BOARD FOR SAIL CLASS I 202306069534 SENIOR CRAFT SUPPLIES APBNK 6/07/2023 D 5/11/2023 53.97 53.97CR G/L ACCOUNT CK: 001518 53.97 101 45100-87-219.00 OTHER OPERATING SUPPLIES 53.97 SENIOR CRAFT SUPPLIES I 202306069535 SENIOR CRAFT SUPPLIES APBNK 6/07/2023 D 5/21/2023 44.07 44.07CR G/L ACCOUNT CK: 001518 44.07 101 45100-87-219.00 OTHER OPERATING SUPPLIES 44.07 SENIOR CRAFT SUPPLIES I 202306069536 SENIOR MOVIE SHOWING APBNK 6/07/2023 D 5/22/2023 5.99 5.99CR G/L ACCOUNT CK: 001518 5.99 101 45100-87-219.00 OTHER OPERATING SUPPLIES 5.99 SENIOR MOVIE SHOWING I 202306069537 Lunch for Clean-Up Staff APBNK 6/07/2023 D 5/20/2023 237.42 237.42CR G/L ACCOUNT CK: 001518 237.42 101 41940-01-384.00 REFUSE DISPOSAL 237.42 Lunch for Clean-Up Staff I 202306069538 FOOD FOR CLEAN-UP HELPERS APBNK 6/07/2023 D 5/19/2023 28.77 28.77CR G/L ACCOUNT CK: 001518 28.77 101 41940-01-384.00 REFUSE DISPOSAL 28.77 FOOD FOR CLEAN-UP HELPERS I 202306069539 SUMMER P & R SUPPLIES APBNK 6/07/2023 D 5/03/2023 40.87 40.87CR G/L ACCOUNT CK: 001518 40.87 101 45100-01-219.00 OTHER OPERATING SUPPLIES 40.87 SUMMER P & R SUPPLIES I 202306069540 Summer P & R supplies APBNK 6/07/2023 D 4/27/2023 202.63 202.63CR G/L ACCOUNT CK: 001518 202.63 101 45100-01-219.00 OTHER OPERATING SUPPLIES 202.63 Summer P & R supplies I 202306069541 FISHING DERBY & RUN/GOLD PR APBNK 6/07/2023 D 5/04/2023 207.03 207.03CR G/L ACCOUNT CK: 001518 207.03 101 45100-01-219.00 OTHER OPERATING SUPPLIES 207.03 FISHING DERBY & RUN/GOLD PRIZE I 202306069542 Floor tape APBNK 6/07/2023 D 5/05/2023 27.04 27.04CR G/L ACCOUNT CK: 001518 27.04 101 45100-01-219.00 OTHER OPERATING SUPPLIES 27.04 Floor tape I 202306069543 Fishing Derby Prize APBNK 6/07/2023 D 5/07/2023 14.98 14.98CR G/L ACCOUNT CK: 001518 14.98 101 45100-01-219.00 OTHER OPERATING SUPPLIES 14.98 Fishing Derby Prize I 202306069544 FISHING DERBY PRIZES APBNK 6/07/2023 D 5/07/2023 26.20 26.20CR G/L ACCOUNT CK: 001518 26.20 101 45100-01-219.00 OTHER OPERATING SUPPLIES 26.20 FISHING DERBY PRIZES Qbhf!37:!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 51 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I 202306069545 Safety Camp Supplies APBNK 6/07/2023 D 5/08/2023 65.56 65.56CR G/L ACCOUNT CK: 001518 65.56 101 45100-91-219.00 OTHER OPERATING SUPPLIES 65.56 Safety Camp Supplies I 202306069546 Staff Lanyards APBNK 6/07/2023 D 5/10/2023 16.58 16.58CR G/L ACCOUNT CK: 001518 16.58 101 45100-91-219.00 OTHER OPERATING SUPPLIES 16.58 Staff Lanyards I 202306069547 Fishing Derby prizes APBNK 6/07/2023 D 5/17/2023 13.92 13.92CR G/L ACCOUNT CK: 001518 13.92 101 45100-01-219.00 OTHER OPERATING SUPPLIES 13.92 Fishing Derby prizes I 202306069548 Fishing Derby Supplies APBNK 6/07/2023 D 5/21/2023 31.58 31.58CR G/L ACCOUNT CK: 001518 31.58 101 45100-01-219.00 OTHER OPERATING SUPPLIES 31.58 Fishing Derby Supplies I 202306069549 Summer art/craft supplies APBNK 6/07/2023 D 5/19/2023 311.12 311.12CR G/L ACCOUNT CK: 001518 311.12 101 45100-01-219.00 OTHER OPERATING SUPPLIES 311.12 Summer art/craft supplies I 202306069550 6 COUNTERTOP COMPOST BINS APBNK 6/07/2023 D 4/25/2023 143.94 143.94CR G/L ACCOUNT CK: 001518 143.94 101 41940-01-384.00 REFUSE DISPOSAL 143.94 6 COUNTERTOP COMPOST BINS I 202306069551 QUEST MEMBERSHIP MONTHLY FE APBNK 6/07/2023 D 4/28/2023 45.00 45.00CR G/L ACCOUNT CK: 001518 45.00 101 45100-01-433.00 DUES & SUBSCRIPTIONS 45.00 QUEST MEMBERSHIP MONTHLY FEE DRAFTS 1 11,501.15 11,501.15CR 0.00 11,501.15 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003048 US BANK EQUIPMENT FINANCE I 502868540 JUN 23' C3500 COPIER LEASE APBNK 6/15/2023 R 6/01/2023 173.00 173.00CR G/L ACCOUNT CK: 152613 173.00 101 41810-01-580.00 OTHER EQUIPMENT 173.00 JUN 23' C3500 COPIER LEASE I 503064289 JUN 23' C3500 COPIER LEASE APBNK 6/15/2023 R 6/05/2023 173.00 173.00CR G/L ACCOUNT CK: 152613 173.00 101 41810-01-580.00 OTHER EQUIPMENT 173.00 JUN 23' C3500 COPIER LEASE REG. CHECK 1 346.00 346.00CR 0.00 346.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!381!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 52 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-220120 VALLEY BUICK PONTIAC GMC I 12931 SEALS & CONDENSER APBNK 6/15/2023 R 5/24/2023 195.57 195.57CR G/L ACCOUNT CK: 152614 195.57 101 43100-01-221.00 EQUIPMENT PARTS 195.57 SEALS & CONDENSER I 54471 PARTS AND LABOR-FD BC2 APBNK 6/15/2023 R 5/23/2023 1,062.89 1,062.89CR G/L ACCOUNT CK: 152614 1,062.89 101 43100-01-404.00 CONTRACTED MACH & EQUIP SERV 887.40 PARTS AND LABOR-FD BC2 101 43100-01-221.00 EQUIPMENT PARTS 175.49 PARTS AND LABOR-FD BC2 REG. CHECK 1 1,258.46 1,258.46CR 0.00 1,258.46 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-000847 VALLEY-RICH CO INC I 32009 SERV REPAIR HIT BY CONTRACT APBNK 6/15/2023 R 5/16/2023 5,920.46 5,920.46CR G/L ACCOUNT CK: 152615 5,920.46 601 49400-01-403.00 CONTRACTED R & M-OTHER IMPROV 5,920.46 SERV REPAIR HIT BY CONTRACTOR I 32074 VALVE WORK @ CENTRAL PARK APBNK 6/15/2023 R 5/24/2023 4,500.00 4,500.00CR G/L ACCOUNT CK: 152615 4,500.00 601 49400-01-403.00 CONTRACTED R & M-OTHER IMPROV 2,250.00 VALVE WORK @ CENTRAL PARK 101 45202-01-220.00 SPLASH PAD MAINTENANCE 2,250.00 VALVE WORK @ CENTRAL PARK REG. CHECK 1 10,420.46 10,420.46CR 0.00 10,420.46 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-220480 VERIZON WIRELESS I 9932197457 PD CELLULAR SERVICE 04/10/2 APBNK 6/15/2023 R 4/10/2023 1,325.52 1,325.52CR G/L ACCOUNT CK: 152616 1,325.52 101 42110-01-321.00 TELEPHONE COSTS 1,325.52 PD CELLULAR SERVICE 04/10/2023 I 9933873549 PD AIR CARDS-SQUAD LAPTOPS APBNK 6/15/2023 R 5/01/2023 660.16 660.16CR G/L ACCOUNT CK: 152616 660.16 101 42110-01-329.00 OTHER COMMUNICATION COSTS 660.16 PD AIR CARDS-SQUAD LAPTOPS I 9934583116 PD CELLULAR SERVICE 05/10/2 APBNK 6/15/2023 R 5/10/2023 1,325.52 1,325.52CR G/L ACCOUNT CK: 152616 1,325.52 101 42110-01-321.00 TELEPHONE COSTS 1,325.52 PD CELLULAR SERVICE 05/10/2023 I 9935614682 CELLULAR SERVICE 05/23/2023 APBNK 6/15/2023 R 5/23/2023 2,892.50 2,892.50CR G/L ACCOUNT CK: 152616 2,892.50 101 41110-01-321.00 TELEPHONE COSTS 41.32 CELLULAR SERVICE 05/23/2023 Qbhf!382!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 53 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 101 41320-01-321.00 TELEPHONE COSTS 114.76 CELLULAR SERVICE 05/23/2023 101 41910-01-329.00 OTHER COMMUNICATION COSTS 364.00 CELLULAR SERVICE 05/23/2023 101 41940-01-321.00 TELEPHONE COSTS 82.78 CELLULAR SERVICE 05/23/2023 101 43121-01-321.00 TELEPHONE COSTS 207.98 CELLULAR SERVICE 05/23/2023 101 45100-01-321.00 TELEPHONE COSTS 526.60 CELLULAR SERVICE 05/23/2023 101 45100-30-321.00 TELEPHONE COSTS 41.32 CELLULAR SERVICE 05/23/2023 101 45202-01-321.00 TELEPHONE COSTS 451.89 CELLULAR SERVICE 05/23/2023 601 49400-01-321.00 TELEPHONE COSTS 258.50 CELLULAR SERVICE 05/23/2023 602 49450-01-321.00 TELEPHONE COSTS 258.50 CELLULAR SERVICE 05/23/2023 603 49500-01-321.00 TELEPHONE COSTS 410.89 CELLULAR SERVICE 05/23/2023 101 41520-01-321.00 TELEPHONE COSTS 46.32 CELLULAR SERVICE 05/23/2023 101 43100-01-321.00 TELEPHONE COSTS 87.64 CELLULAR SERVICE 05/23/2023 I 9935614683 BACK UP DIALER FOR SCADA APBNK 6/15/2023 R 5/23/2023 50.02 50.02CR G/L ACCOUNT CK: 152616 50.02 601 49400-01-321.00 TELEPHONE COSTS 16.67 BACK UP DIALER FOR SCADA 602 49450-01-321.00 TELEPHONE COSTS 16.68 BACK UP DIALER FOR SCADA 603 49500-01-321.00 TELEPHONE COSTS 16.67 BACK UP DIALER FOR SCADA I 9936246269 PD AIR CARDS-SQUAD LAPTOPS APBNK 6/15/2023 R 6/01/2023 660.16 660.16CR G/L ACCOUNT CK: 152616 660.16 101 42110-01-329.00 OTHER COMMUNICATION COSTS 660.16 PD AIR CARDS-SQUAD LAPTOPS REG. CHECK 1 6,913.88 6,913.88CR 0.00 6,913.88 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005959 VERIZON WIRELESS SERVICES L I 9022323220 SUBPOENA FEE APBNK 6/15/2023 R 5/12/2023 100.00 100.00CR G/L ACCOUNT CK: 152619 100.00 101 42110-01-313.00 TEMPORARY SERVICE FEES 100.00 SUBPOENA FEE REG. CHECK 1 100.00 100.00CR 0.00 100.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005960 VIA ACTUARIAL SOLUTIONS I RMF-2023-05 2022 GASB 67/68 VALUATION APBNK 6/15/2023 R 6/06/2023 3,300.00 3,300.00CR G/L ACCOUNT CK: 152620 3,300.00 101 41810-01-301.00 AUDITING & ACCOUNTING SERVICES 3,300.00 2022 GASB 67/68 VALUATION REG. CHECK 1 3,300.00 3,300.00CR 0.00 3,300.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!383!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 54 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-002340 VONBANK LAWN CARE I 25969 JUNE LAWN SERVICES APBNK 6/15/2023 R 6/07/2023 1,700.00 1,700.00CR G/L ACCOUNT CK: 152621 1,700.00 101 45202-01-409.00 OTHER CONTRACTED REPAIR & MAIN 1,700.00 JUNE LAWN SERVICES REG. CHECK 1 1,700.00 1,700.00CR 0.00 1,700.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005947 JOYCE WAHLIN-RHOADES I 2023-0177 PERMIT 4802-DAMAGE DEPOSIT APBNK 6/15/2023 R 6/06/2023 150.00 150.00CR G/L ACCOUNT CK: 152622 150.00 101 22005 REFUNDS PAYABLE - P&R 150.00 PERMIT 4802-DAMAGE DEPOSIT REG. CHECK 1 150.00 150.00CR 0.00 150.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005240 WARSAW SOLAR, LLC I 2305-6994F APRIL SOLAR SUBSCRIPTIONS APBNK 6/15/2023 R 5/24/2023 20,994.96 20,994.96CR G/L ACCOUNT CK: 152623 20,994.96 101 41940-01-381.00 ELECTRIC UTILITIES 6,588.57 APRIL SOLAR SUBSCRIPTIONS 601 49407-01-381.00 ELECTRIC UTILITIES 599.53 APRIL SOLAR SUBSCRIPTIONS 601 49410-01-381.00 ELECTRIC UTILITIES 674.93 APRIL SOLAR SUBSCRIPTIONS 601 49412-01-381.00 ELECTRIC UTILITIES 3,092.74 APRIL SOLAR SUBSCRIPTIONS 650 45130-01-381.00 ELECTRIC UTILITIES 10,039.19 APRIL SOLAR SUBSCRIPTIONS REG. CHECK 1 20,994.96 20,994.96CR 0.00 20,994.96 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-002733 WATER CONSERVATION SERVICE I 13267 LEAK LOCATE @ 2418 BEECH ST APBNK 6/15/2023 R 5/31/2023 344.41 344.41CR G/L ACCOUNT CK: 152624 344.41 601 49400-01-403.00 CONTRACTED R & M-OTHER IMPROV 344.41 LEAK LOCATE @ 2418 BEECH ST REG. CHECK 1 344.41 344.41CR 0.00 344.41 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!384!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 55 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ 01-005231 WHITEWOOD GRAPHICS I 2564R ARENA SIGNS APBNK 6/15/2023 R 5/28/2023 540.00 540.00CR G/L ACCOUNT CK: 152625 540.00 650 45130-01-223.00 BUILDING REPAIR SUPPLIES 540.00 ARENA SIGNS REG. CHECK 1 540.00 540.00CR 0.00 540.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-231910 WSB AND ASSOCIATES INC I 19687-000-13 CENTRAL PARK MASTER PLANNIN APBNK 6/15/2023 R 5/26/2023 676.50 676.50CR G/L ACCOUNT CK: 152626 676.50 205 49005-01-530.00 IMPROVEMENTS OTHER THAN BLDGS 676.50 CENTRAL PARK MASTER PLANNING I 21842-000-5 AKRON AUAR UPDATE 2022 APBNK 6/15/2023 R 4/25/2023 1,334.48 1,334.48CR G/L ACCOUNT CK: 152626 1,334.48 101 41910-01-319.00 OTHER PROFESIONAL SERVICES 1,334.48 AKRON AUAR UPDATE 2022 I 22008-000-4 ERICKSON PARK PLANNING APBNK 6/15/2023 R 5/26/2023 193.00 193.00CR G/L ACCOUNT CK: 152626 193.00 205 49005-01-530.00 IMPROVEMENTS OTHER THAN BLDGS 193.00 ERICKSON PARK PLANNING I 22146-000-3 XCEL TRANSMISSION LINE REVI APBNK 6/15/2023 R 4/25/2023 1,641.50 1,641.50CR G/L ACCOUNT CK: 152626 1,641.50 101 41910-01-319.00 OTHER PROFESIONAL SERVICES 1,641.50 XCEL TRANSMISSION LINE REVIEW I 22322-000-2 CHANNEL AUAR REVIEW APBNK 6/15/2023 R 4/25/2023 2,275.00 2,275.00CR G/L ACCOUNT CK: 152626 2,275.00 101 41910-01-319.00 OTHER PROFESIONAL SERVICES 2,275.00 CHANNEL AUAR REVIEW I 22322-000-3 CHANNEL AUAR REVIEW APBNK 6/15/2023 R 5/19/2023 372.25 372.25CR G/L ACCOUNT CK: 152626 372.25 101 41910-01-319.00 OTHER PROFESIONAL SERVICES 372.25 CHANNEL AUAR REVIEW I 22437-000-2 TALAMORE PARK PLANNING APBNK 6/15/2023 R 5/26/2023 7,229.75 7,229.75CR G/L ACCOUNT CK: 152626 7,229.75 205 49005-01-535.00 IMPROVEMENTS OTHER THAN BLDGS 7,229.75 TALAMORE PARK PLANNING I 22511-000-1 UMORE AUAR UPDATE 2023 APBNK 6/15/2023 R 4/25/2023 841.75 841.75CR G/L ACCOUNT CK: 152626 841.75 101 41910-01-319.00 OTHER PROFESIONAL SERVICES 841.75 UMORE AUAR UPDATE 2023 I 22511-000-2 UMORE AUAR UPDATE 2023 APBNK 6/15/2023 R 5/19/2023 4,662.00 4,662.00CR G/L ACCOUNT CK: 152626 4,662.00 101 41910-01-319.00 OTHER PROFESIONAL SERVICES 4,662.00 UMORE AUAR UPDATE 2023 Qbhf!385!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 56 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ REG. CHECK 1 19,226.23 19,226.23CR 0.00 19,226.23 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-240010 XCEL ENERGY I 0010071743-0 5/23 FH REC COMPLEX IRRIGATION APBNK 6/15/2023 R 5/25/2023 330.90 330.90CR G/L ACCOUNT CK: 152627 330.90 101 45202-01-381.00 ELECTRIC UTILITIES 330.90 FH REC COMPLEX IRRIGATION I 0010575696-0 5/23 ERICKSON PARK TENNIS COURTS APBNK 6/15/2023 R 5/24/2023 394.11 394.11CR G/L ACCOUNT CK: 152627 394.11 101 45202-01-381.00 ELECTRIC UTILITIES 394.11 ERICKSON PARK TENNIS COURTS I 0011108910-3 5/23 RSMT SC-ACTIVITY CENTER APBNK 6/15/2023 R 5/24/2023 1,519.93 1,519.93CR G/L ACCOUNT CK: 152627 1,519.93 101 45100-30-381.00 ELECTRIC UTILITIES 1,519.93 RSMT SC-ACTIVITY CENTER I 0013089608-6 5/23 WELCOME SIGN - SOUTH APBNK 6/15/2023 R 5/24/2023 14.84 14.84CR G/L ACCOUNT CK: 152627 14.84 608 49508-01-381.00 ELECTRIC UTILITIES 14.84 WELCOME SIGN - SOUTH I 0013530257-8 5/23 FLASHING PEDESTRIAN LIGHT APBNK 6/15/2023 R 5/24/2023 13.23 13.23CR G/L ACCOUNT CK: 152627 13.23 608 49508-01-381.00 ELECTRIC UTILITIES 13.23 FLASHING PEDESTRIAN LIGHT I 0519839-2 5/23 UMORE LIGHTS & IRRIGATION APBNK 6/15/2023 R 5/24/2023 594.48 594.48CR G/L ACCOUNT CK: 152627 594.48 101 45202-01-381.00 ELECTRIC UTILITIES 594.48 UMORE LIGHTS & IRRIGATION I 8053588-8 5/23 SIGNAL & STREET LIGHTS APBNK 6/15/2023 R 5/24/2023 122.68 122.68CR G/L ACCOUNT CK: 152627 122.68 101 43121-01-381.00 ELECTRIC UTILITIES 53.76 SIGNAL & STREET LIGHTS 608 49508-01-381.00 ELECTRIC UTILITIES 68.92 SIGNAL & STREET LIGHTS REG. CHECK 1 2,990.17 2,990.17CR 0.00 2,990.17 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-003480 YALE MECHANICAL LLC I 245175 COOLING MAINT-PRV APBNK 6/15/2023 R 5/26/2023 172.00 172.00CR G/L ACCOUNT CK: 152628 172.00 601 49400-01-319.00 OTHER PROFESSIONAL SERVICES 172.00 COOLING MAINT-PRV I 245182 COOLING MAINT-WELL HOUSE 15 APBNK 6/15/2023 R 5/26/2023 317.00 317.00CR G/L ACCOUNT CK: 152628 317.00 601 49400-01-319.00 OTHER PROFESSIONAL SERVICES 317.00 COOLING MAINT-WELL HOUSE 15 Qbhf!386!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 57 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 VENDOR SEQUENCE VENDOR ITEM NO# DESCRIPTION BANK CHECK STAT DUE DT GROSS PAYMENT OUTSTANDING DISC DT BALANCE DISCOUNT ------------------------------------------------------------------------------------------------------------------------------------ I 245183 COOLING MAINT-WELL HOUSE 14 APBNK 6/15/2023 R 5/26/2023 317.00 317.00CR G/L ACCOUNT CK: 152628 317.00 601 49400-01-319.00 OTHER PROFESSIONAL SERVICES 317.00 COOLING MAINT-WELL HOUSE 14 I 245185 COOLING MAINT-WELL HOUSE 12 APBNK 6/15/2023 R 5/26/2023 462.00 462.00CR G/L ACCOUNT CK: 152628 462.00 601 49400-01-319.00 OTHER PROFESSIONAL SERVICES 462.00 COOLING MAINT-WELL HOUSE 12 I 245186 COOLING MAINT-WELL HOUSE 7 APBNK 6/15/2023 R 5/26/2023 317.00 317.00CR G/L ACCOUNT CK: 152628 317.00 601 49400-01-319.00 OTHER PROFESSIONAL SERVICES 317.00 COOLING MAINT-WELL HOUSE 7 I 245192 COOLING MAINT-RURAL WELL APBNK 6/15/2023 R 5/26/2023 317.00 317.00CR G/L ACCOUNT CK: 152628 317.00 601 49400-01-319.00 OTHER PROFESSIONAL SERVICES 317.00 COOLING MAINT-RURAL WELL I 245964 COOLING MAINT-FIBER BLDG APBNK 6/15/2023 R 5/31/2023 353.47 353.47CR G/L ACCOUNT CK: 152628 353.47 601 49400-01-319.00 OTHER PROFESSIONAL SERVICES 353.47 COOLING MAINT-FIBER BLDG REG. CHECK 1 2,255.47 2,255.47CR 0.00 2,255.47 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-005961 YANKEE HILL MACHINE CO., IN I 104225 SUPPRESSORS FOR SWAT RIFLES APBNK 6/15/2023 R 5/09/2023 1,409.64 1,409.64CR G/L ACCOUNT CK: 152629 1,409.64 101 42110-01-221.00 EQUIPMENT PARTS 1,409.64 SUPPRESSORS FOR SWAT RIFLES REG. CHECK 1 1,409.64 1,409.64CR 0.00 1,409.64 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 01-260960 ZIEGLER INC I IN001002605 SOFTWARE LICENSE UPDATE APBNK 6/15/2023 R 5/17/2023 750.00 750.00CR G/L ACCOUNT CK: 152630 750.00 101 43100-01-394.00 P.C. SOFTWARE PURCHASES 750.00 SOFTWARE LICENSE UPDATE REG. CHECK 1 750.00 750.00CR 0.00 750.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ Qbhf!387!pg!623 6-15-2023 8:30 AM A/P PAYMENT REGISTER PAGE: 58 PACKET: 06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 =================================================== R E P O R T T O T A L S =================================================== F U N D D I S T R I B U T I O N FUND NO# FUND NAME AMOUNT ---------------------------------------------------------- 101 GENERAL FUND 545,856.97CR 201 PORT AUTHORITY FUND 259.48CR 202 BUILDING CIP FUND 1,365.00CR 203 STREET CIP FUND 2,212.00CR 205 PARK IMPROVEMENT FUND 36,089.57CR 206 INSURANCE FUND 32,564.41CR 207 EQUIPMENT CIP FUND 345.00CR 243 TIF-OSPREY DISTRICT 37.00CR 403 DUNMORE 2ND ADDITION 37.00CR 421 PD & PW BUILDINGS PROJECT 358,136.02CR 446 BONAIRE PATH 3,547.00CR 469 BOUDLER AVENUE EXTENSION 497,700.97CR 474 PROJECT BIGFOOT 1,025.00CR 476 LIFE TIME 1,526.25CR 483 AKRON AVE SOUTH EXT 23,458.80CR 484 FIRE STATION NO 1 FACADE 2,467.50CR 486 2023 PAVEMENT MANAGEMENT 244.32CR 487 TALAMORE 3RD 31.48CR 601 WATER UTILITY FUND 45,620.96CR 602 SEWER UTILITY FUND 148,148.56CR 603 STORM WATER UTILITY FUND 7,512.08CR 608 STREET LIGHT UTILITY FUND 114.30CR 628 DRIVER AVE & TRK SWR EXT 10,681.50CR 650 ARENA FUND 26,456.15CR ** TOTALS ** 1,745,437.32CR ==================================================================================================================================== Qbhf!388!pg!623 6-15-2023 8:30 AMA/P PAYMENT REGISTERPAGE: 59 PACKET:06706 06/15/2023 AP CHECK RUN VENDOR SET: 01 =================================================== R E P O R T T O T A L S =================================================== ---- TYPE OF CHECK TOTALS ---- GROSSPAYMENTOUTSTANDING NUMBERBALANCEDISCOUNT HAND CHECKS0.000.000.00 0.000.00 DRAFTS312,736.0512,736.05CR0.00 12,736.050.00 REG-CHECKS165 1,732,701.27 1,732,701.27CR0.00 1,732,701.270.00 EFT0.000.000.00 0.000.00 NON-CHECKS0.000.000.00 0.000.00 ALL CHECKS 168 1,745,437.32 1,745,437.32CR0.00 1,745,437.320.00 ------------------------------------------------------------------------------------------------------------------------------------ ERRORS:0WARNINGS:0 Qbhf!389!pg!623 ROSEMOUNT CITY COUNCIL REGULAR MEETING PROCEEDINGS JUNE 6, 2023 CALL TO ORDER/PLEDGE OF ALLEGIANCE Pursuant to due call and notice thereof a regular meeting of the Rosemount City Council was held on Tuesday, June 6, 2023, at 7:00 PM. in Rosemount Council Chambers 2875 145th Street West. Mayor Weisensel called the meeting to order with Councilmember Freske, Essler and Klimpel. Councilmember Theisen was absent. APPROVAL OF AGENDA Motion by Weisensel Motion to approve the agenda Ayes: 4. Nays: None. Motion carried. PRESENTATIONS, PROCLAMATIONS AND ACKNOWLEDGMENTS a.Youth Commission Report Youth Commissioner Chairperson Thatcher Buck provided an annual update on the progress made by the youth commissioners. Mr. Buck discussed goals for the upcoming year, i.e. job development for youth and gathering spots for youth. b.Small Cities Month Proclamation City Administrator Martin discussed how the National League of Cities encourages cities with a population under 50,000 in declaring June 2023 as Small Cities month. Mayor Weisensel read the proclamation. Rosemount will promote and educate during the month of June the importance of small cities. Motion by Mayor Weisensel Second by Council Member Freske Motion to proclaim June 2023 as Small Cities Month in the City of Rosemount Ayes: 4. Nays: None. Motion Carried. PUBLIC COMMENT Terrance Yourchuck 14925 Chorley Avenue Mr. Yourchuck expressed concern with the temperature at the Steeple Center. In addition, expressed concern about a Parks & Recreation Agreement that is being considered by the two parties. Qbhf!38:!pg!623 RESPONSE TO PUBLIC COMMENT The Mayor stated Parks & Recreation Director Schultz will get in touch with Mr. Yourchuck to discuss all of his concerns. CONSENT AGENDA Motion by Council Member Essler Second by Council Member Klimpel Motion to Approve the consent agenda Ayes: 4. Nays: None. Motion Carried. a.Bills Listing b.Minutes of the May 16, 2023 Regular Meeting Minutes c.Minutes of the May 16, 2023 Work Session Proceedings d.Autumn Path Final Acceptance e.Liquor License Renewals f.Temporary On-Sale Liquor License - American Legion g.Addition of Juneteenth Holiday h.Final Acceptance 2021 Pond Maintenance Project i.Schafer Richardson Conduit Financing Authorization Request j.Order Preparation of an AUAR for Project Channel k.Subdivision Agreement - Amber Fields 8th l.Amend Rosewood Commons 2nd Subdivision Agreement PUBLIC HEARINGS a.Request by KJ Walk for the Vacation of Easements Community Development Director Kienberger presented the consideration of a request by KJ Walk for a vacation of drainage and utility and public right-of-way easements covering a portion of the outlot. The vacation of the underlying easements must occur before the project can proceed. Mayor Weisensel opened the public hearing at 7:27 p.m. Motion by Weisensel Second by Essler Motion to close the public hearing Ayes: 4. Nays: None. Motion carried. Qbhf!391!pg!623 UNFINISHED BUSINESS NEW BUSINESS a.Receive Bids & Award Contracts - Best Value Work Scopes for Public Works & Police Campus Public Works Director Egger recapped the bids for the second set of contracts on the Public Works & Police Campus project for the best value bid process. The best value bid process takes into consideration price, references, similar project size/scope experience, project team, etc. The staff memo includes the tabulation of bids and the recommended best value contractor for award at this time. The overall project cost is projected to arrive at $58.2 million, approximately $2 million below the City's budget. One remaining contract for landscaping is forthcoming. Motion by Council Member Essler Second by Council Member Freske Motion to Adopt a Resolution Receiving Bids and Awarding Contracts – Best Value Work Scopes, and Doors, Frames, & Hardware Scope on Public Works & Police Campus Project Ayes: 4. Nays: None. Motion Carried. ANNOUNCEMENTS a.City Staff Updates City Administrator Martin highlighted the following; soon residents will see activity at the Police Department and Public Works Campus likely starting next week, Lifetime ground breaking to take place end of June with grading starting after the 4th of July. b.Upcoming Community Calendar Mayor Weisensel discussed the upcoming community events. ADJOURNMENT There being no further business to come before the City Council at the regular council meeting and upon a motion by Weisensel and a second by Essler the meeting was adjourned at 7:38 p.m. Respectfully submitted, Erin Fasbender City Clerk Qbhf!392!pg!623 ROSEMOUNT CITY COUNCIL WORK SESSION PROCEEDINGS JUNE 6, 2023 CALL TO ORDER Pursuant to due call and notice thereof a work session meeting of the Rosemount City Council was held on Tuesday, June 6, 2023, at 5:00 PM. in Rosemount Conference Room at 2875 145th Street West. Mayor Weisensel called the meeting to order with Councilmember Freske, Essler, Theisen and Klimpel. Councilmember Essler arrived at 5:19 p.m. Staff present included the following; Public Work Director Egger, Finance Director Malecha, Parks & Recreation Director Schultz, Community Development Director Kienberger, Assistant City Administrator Foster DISCUSSION a.Review 2nd Quarter Progress on 2023-2024 Goals City Administrator Martin discussed the current status and accomplishments thus far of the 2023 Strategic Goals; i.e. Oracle is going live in January 2024, future joint meeting between Planning Commission and City Council to discuss goals and city code updates, website highlights, etc. Council requested staff review the campaign signage code requirement, flag requirements for when flags should be flown and to do an analysis on the City owning the light poles along highway 3 and 145th Street. Staff and Council will discuss the progress of the goals again at the end of the next quarter. b.Financial Projections Finance Director Malecha discussed as we begin the 2024 budget development process, staff analyzes historical trends and identifies potential deviations from these trends. Malecha presented the historical revenues and expenditures for the current budget year and five-year projections. On June 2st, staff will have a S&P (Standard & Poor's) rating call discussing how the City will meet its financial obligations. At this meeting, staff will present 5-year projects, current budget, historical revenues and expenditures, etc. Qbhf!393!pg!623 Council agreed with the status of the current financial projections. UPDATES a.Project Updates Community Development Community Development Director Kienberger discussed the following; The South Metro development is no longer moving forward as a deal could not be reached Project Bigfoot is re-engaged and will be in town next week to meet with Dakota county and public hearing for a tax abatement will be on the City Council agenda June 20th. Project Falcon continues to push forward, and staff will continue to work with the project team at an upcoming meeting. Mayor questioned the status on the 42/52 clover leaf and noted as we look forward, we need that project on our radar. Staff continues to push this project at the county and state level. Parks & Recreation Parks and Recreation Director Schultz noted seasonal summer staff is starting next week and in-service training for customer service-type events is taking place amongst staff. Administration City Clerk Fasbender reminded Council of the July council dates as the dates have changed due to the 4th of July holiday. Assistant City Administrator Foster reminded all the Employee Picnic is on June 13th. b.Council and Staff Updates Councilmember Essler Minnesota Valley Transit Authority (MVTA) has a goal-setting session for the next 5 years forthcoming. MVTA is planning on participating in providing transpiration for Leprechaun Days, Halloween Trail and interested in the Food Truck Festival. Councilmember Klimpel Attended MVTA meeting which discussed the feasibility study along county road 42. The study focused on the western side and the study is looking to wrap up this fall. Qbhf!394!pg!623 Mayor Weisensel Discussed the recent Mayor's regional meeting. A few items discussed were the Twin Cities housing alliance and their representation to advocate for local and regional housing policy. ADJOURNMENT There being no further business to come before the City Council at the work session meeting and upon a motion by Weisensel and a second by Essler the meeting was at 6:49 p.m. Respectfully submitted, Erin Fasbender City Clerk Qbhf!395!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Performance Measure Program AGENDA SECTION: CONSENT AGENDA PREPARED BY: Teah Malecha, Finance Director AGENDA NO. 6.d. ATTACHMENTS: Resolution APPROVED BY: LJM RECOMMENDED ACTION: Adopt the Resolution Approving the 2022 Performance Measures BACKGROUND In 2010, the Legislature created the Council on Local Results and Innovation (CLRI). In February 2011, the CLRI released a standard set of 10 performance measures for cities and counties to determine the efficacy of services provided and measure residents' opinion of those services. The CLRI followed that in February 2012 with a comprehensive performance measurement system for cities and counties to implement. Cities and counties can voluntarily participate in the program through the Office of the State Auditor. If they choose to participate, they must officially adopt and implement at least 10 of the performance measures developed by the CLRI. Each city or county is eligible for a reimbursement of $0.14 per capital, not to exceed $25,000, and is also exempt from levy limits if the limits are in effect. In 2022, 38 cities and 28 counties were certified through this program. Rosemount would be eligible for about $3,700 from this program. The City currently reports on more than 10 of the performance measures in the annual budget book. The following measures are the 2022 information for the reported items under the six categories as approved by the State. General The City's current credit rating as rated by Standard & Poor's is AA+. The City has carried that rating since 2017 and will have a new rating issued in 2023 for the various bonds being issued. The nuisance code enforcement cases were 2.38 per 1,000 residents. This is a new measure being reported for 2022. Police Services Part I and II Crimes Rates have been reported historically. Due to changes in reporting and crime classifications, they are now categorized as Group A and B. Many do not fall in the same categories as they did historically. In 2022, those crimes totalled 872 which is comparable to the 885 Part I and II in 2021. Qbhf!396!pg!623 The Crime Clearance Rate is 55 percent, an increase from 37 percent in 2021. The average police response time for Priority 1 calls was 4 minutes and 56 seconds, which has decreased (improved) from 5 minutes and 24 seconds in 2021. Fire Services The Insurance Service Office (ISO) rating for the City is 4/6 for city and 10 for rural areas. The ISO rating is issued to fire departments across the country for the effectiveness of fire protection and equipment. It is on a 1 to 10 scale with Class 1 being the highest. The average fire response time in 2022 was 5 minutes and 54 seconds for high priority calls, which is a decrease (improved) from 6 minutes and 3 seconds in 2021. The number of fire calls per 1,000 residents was 12.36 which relates to an increase of calls from 299 to 333 along with the increase in population. The number of medical calls per 1,000 residents was 28.58. The calls increased from 673 to 770. Streets The average city street pavement condition rating is 80.79. A slight increase from 80.64 in 2021. The average hours to complete a road system clearing during a snow event is 7.62 hours. Water The operating cost per 1,000,000 gallons of water pumped was $2,142. Sewer The number of sewer blockages on the city system per 100 connections was .01. There was only 1 blockage in the mainline system in 2022. RECOMMENDATION Staff recommends the City Council adopt the resolution approving the 2022 performance measures. Qbhf!397!pg!623 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2023 – 69 A RESOLUTION APPROVING 2022 PERFORMANCE MEASURES WHEREAS,Benefits to the City of Rosemount for participation in the Minnesota Council on Local Results and Innovation’s comprehensive performance measurement program are outlined in MS 6.91 and include eligibility for a reimbursement as set by State statute; and WHEREAS,Any city participating in the comprehensive performance measurement program is also exempt from levy limits for taxes, if levy limits are in effect; and WHEREAS,The City Council of Rosemount has adopted and implemented at least 10 of the performance measures, as developed by the Council on Local Results and Innovation, and a system to use this information to help plan, budget, manage and evaluate programs and processes for optimal future outcomes; and THEREFORE, BE IT RESOLVED that the City Council of Rosemount will continue to report the results of the performance measures to its citizenry by the end of the year through publication, direct mailing, posting on the City’s website, or through a public hearing at which the budget and levy will be discussed and public input allowed. BE IT FURTHER RESOLVED, The City Council of Rosemount will submit to the Office of the State Auditor the actual results of the performance measures adopted by the city/county. th ADOPTED this 20 day of June, 2023, by the City Council of the City of Rosemount. Jeffery D. Weisensel, Mayor ATTEST: Erin Fasbender, City Clerk Qbhf!398!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Donation Acceptance from Joseph Walsh AGENDA SECTION: CONSENT AGENDA PREPARED BY: Mikael Dahlstrom, Police Chief AGENDA NO. 6.e. Richard Schroeder, Fire Chief ATTACHMENTS: Resolution APPROVED BY: LJM RECOMMENDED ACTION: Motion to approve the acceptance and expenditure of $200 dollars from Joeseph Walsh to be used for Police and FIre Department community engagement. BACKGROUND The Police and Fire Department received a donation from Joseph Walsh for $100 for each Police & Fire Department. The donation will be used for community engagement at the request of the donor. RECOMMENDATION Staff recommends approving the acceptance and expenditure of $200 dollars from Joeseph Walsh to be used for Police and Fire Department community engagement. Qbhf!399!pg!623 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2023 - 70 A RESOLUTION ACCEPTING A DONATION TO THE CITY WHEREAS, the City of Rosemount is generally authorized to accept donations of real and personal property pursuant to Minnesota Statutes Section 465.03 et seq. for the benefit of its citizens and is specifically authorized to accept gifts; WHEREAS, the following persons and entities have offered to contribute the cash amounts set forth below to the city: Name of DonorAmount Joseph Walsh$200 WHEREAS, the terms or conditions of the donations, if any, are as follows: Police Department and Fire Department each to receive $100 to spend on items used for community engagement at the request of the donor. WHEREAS, all such donations have been contributed to the city for the benefit of its citizens, as allowed by law; and WHEREAS, the City Council finds that it is appropriate to accept the donations offered. THEREFORE, NOW BE IT RESOLVED by the City Council of the City of Rosemount as follows: 1. The donations described above are accepted and shall be used to establish and/or operate services either alone or in cooperation with others, as allowed by law. 2. The city clerk is hereby directed to issue receipts to each donor acknowledging the city’s receipt of the donor’s donation. th ADOPTED this 20 day of June, 2023, by the City Council of the City of Rosemount. ______________________________ Jeffrey D. Weisensel, Mayor ATTEST: _____________________________________ Erin Fasbender, City Clerk Qbhf!39:!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Accept Public Streets and Utilities - Emerald Isle AGENDA SECTION: 2nd Addition, City Project 2021-05 CONSENT AGENDA PREPARED BY: Brian Erickson, City Engineer AGENDA NO. 6.f. ATTACHMENTS: Resolution , Map APPROVED BY: LJM nd RECOMMENDED ACTION: Approve Resolution to Accept Emerald Isle 2 Addition, City Project 2021- 05, Public Improvements for Perpetual Maintenance. BACKGROUND nd Public improvements installed as part of Emerald Isle 2 Addition, City Project 2021-05, included streets, sanitary sewer, watermain and storm sewer during the 2021 construction season with wear course installed in 2022. The developer requested final acceptance of the public improvements. WSB & Associates, Inc. (WSB) has confirmed that the public improvements have been installed per the plans and specifications and recommends acceptance of said improvements. RECOMMENDATION nd Upon City acceptance of the work, the public improvements constructed in Emerald Isle 2 Addition, City Project 2021-05, shall become City property per the subdivision agreement. Staff recommends that City Council approve the resolution accepting the improvements for perpetual maintenance. Qbhf!3:1!pg!623 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2023 – 71 A RESOLUTION ACCEPTING PUBLIC IMPROVEMENT ND FOR EMERALD ISLE 2 ADDITION, CITY PROJECT 2021-05 WHEREAS, the developer has requested City acceptance of the public improvements; and, WHEREAS, WSB & Associates, Inc. confirmed the public improvements were installed in accordance with the approved plans and specifications and finds the improvements acceptable. BE IT RESOLVED, by the City Council of the City of Rosemount, Minnesota. The work completed under said agreement is hereby accepted for perpetual maintenance and ownership. th ADOPTED this 20 day of June 2023. Jeffery D. Weisensel, Mayor ATTEST: Erin Fasbender, City Clerk Qbhf!3:2!pg!623 Qbhf!3:3!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Request by Schafer Richardson for Approval of the AGENDA SECTION: Final Plat for Rosecott Place Apartments CONSENT AGENDA PREPARED BY: Julia Hogan, Planner AGENDA NO. 6.g. ATTACHMENTS: Resolution, Site Location, Final Plat, Site Survey, APPROVED BY: LJM Map, Site Plan, Preliminary Plat, Developers Narrative , Landscape Plan, Elevations, Building Height Sections, Engineer's Memo Dated September 16, 2022, Parks and Recreation Director's Memo dated October 21, 2022 RECOMMENDED ACTION: Motion to adopt a resolution approving the Final Plat for the subdivision of Outlot A, Prestwick Place Townhomes, subject to conditions. BACKGROUND Property Owner: Dakota County CDA Applicant: SRD2.0, LLC & SRPB Strategic Housing, LLC (Schafer Richardson) Surrounding Land Uses: North: Medium Density Residential East: Medium Density Residential South: Community Commercial West: Low and High Density Residential Existing Zoning District: R4 PUD - High Density Residential PUD Comprehensive Plan Desig. HDR - High Density Residential The City Council is being asked to consider a request by SRD2.0, LLC & SRPB Strategic Housing, LLC (Schafer Richardson) for approval of a final plat to construct two multi-family buildings containing a total of 305 dwelling units. This final plat comes after the approval of a preliminary plat and PUD final site and building plan for th this project. These items were seen in front of the Planning Commission at their September 27, 2022 regular meeting and as well as their October 25, 2022 regular meeting. The Planning Commission approved the final site and building plan, since they are the approving body for that action, at their th October 25 meeting and recommended the City Council approve the preliminary plat. The City Council approved the preliminary plat at their November 15, 2022 regular meeting. Staff is recommending approval of the final plat request, subject to the conditions listed in the recommended action. Qbhf!3:4!pg!623 PLANNING COMMISSION ACTION The Planning Commission reviewed this request as part of the consent agenda during its meeting on May 23, 2023 and voted unanimously to recommend approval. BACKGROUND The subject property is part of a larger 290-acre mixed use development approved by the City in 2007 on the northwest and northeast quadrants of County Road 42 and Akron Avenue. At the time it was approved, the PUD Master Development and Rezoning included approximately 50 acres of commercial, 90 acres of residential, and 130 acres platted as outlots for future development. All the approved development areas west of Akron Avenue received final plan approval and have since been developed, and the City Council recently approved a request to change the designation of approximately eight acres of land from commercial to high-density residential. Other than the subject parcel, most of the land within the Prestwick Place Planned Unit Development remaining to be constructed is guided for commercial uses in the northeast and northwest of the intersection of Akron Avenue and County Road 42, except for eight acres southwest of the intersection of Connemara Trail and Akron Avenue. The subject parcel is part of the Prestwick Place Planned Unit Development that was approved in 2007. With that approval, the site was rezoned to its current R4 PUD-High Density Residential Planned Unit Development zoning district. Contained within the attachments is the Prestwick Place East site plan showing the anticipated development of the subject parcel and surrounding area, which indicates 200 high-density units within the subject parcel. The 2007 PUD included many townhomes on the west side of Akron that were replaced with single-family development through PUD amendments. So, while the concept for the subject parcel anticipated fewer units to be developed on the subject parcel, the overall number of housing units in the Prestwick Place PUD remains relatively even and within the anticipated overall density for the Prestwick Place development. ISSUE Legal Authority Plats requests are considered quasi-judicial actions. In such cases, the City is acting as a judge to determine if the regulations within the Comprehensive Plan, Zoning Ordinance, and Subdivision Ordinance are being followed. Generally, if the application meets these requirements, it must be approved. Preliminary Plat The applicant proposed a preliminary plat that would subdivide the existing outlot into two buildable lots, each containing one of the buildings. The existing outlot contains land that was dedicated as right-of-way for Adalyn Avenue, resulting in a net developable area of 12.44 acres. Lot 1, located adjacent to Akron Avenue, is 6.97 acres in area, and Lot 2 is 5.46 acres. Both lots far exceed the minimum lot size of 22,500 square feet (.516 acres), and any minimum dimensional standards such as lot width or lot depth. Site Layout The proposed multi-family community is comprised of two buildings located within separate parcels, but the applicant conceived of the site as a single community with shared access and open space for Qbhf!3:5!pg!623 amenities. The site plan provides two accesses from Adalyn Avenue to the east. A common, private drive separates the surface parking on the two parcels and access to the underground parking is provided by the internal drives. The eastern building features a smaller footprint in order to fit between the two existing easements that cross the site. Access into its underground parking is located on the southern elevation. In addition to the common open space, the eastern building will offer a swimming pool as an amenity to the residents of that building. The building located on the west side of the site has a larger footprint and two accesses into its underground garage. One access will be located at the northern-most point of its eastern elevation, and the other access will be on the south face of the building. The western building will contain a playground within the courtyard facing Akron Avenue. In addition to the amenities related to each individual building, the site will also feature on the north and south ends of the shared common drive a dog park and picnic area, respectively. Surface parking is, for the most part, located internally between the two buildings to create a more pleasing view of the site from public rights of way. Unit Mix The two buildings differ in that Building A will contain units leased at rents that are market-rate, while the units in Building B will feature rents that are affordable to residents within incomes below a certain threshold. Therefore, the mix of units is reflective of the anticipated residents of each building. The applicant anticipates more families will live in Building B and has provided a unit mix that contains more bedrooms per unit. Building A is expected to have fewer families and more single residents and the unit mix is reflective of that. The following tables show the number of each type of unit as well as the percentage of each type of unit in each building. Unit Mix Building A (East Building) Studio 31 22% 1 Bedroom & 1 Bedroom + Den 48 34% 2 Bedroom 55 39% 3 Bedroom 7 5% Unit Mix Building B (West Building) 1 Bedroom 52 32% 2 Bedroom 67 41% 3 Bedroom 45 27% Phasing The applicant is planning on constructing the project in two phases, with the building on the eastern parcel being built first. Once the second building is complete, the applicant’s narrative indicates that the surface parking will be shared across the entire site. Because construction of Adalyn Avenue is already complete, the applicant will not have to wait for public streets to be constructed in order to Qbhf!3:6!pg!623 begin sitework. Park Dedication The proposed development has been reviewed by the City’s parks and recreation department for conformance with the City’s adopted Master Plan. The City’s Parks Master Plan does not call for a park in this area, so staff is recommending the City collect cash in-lieu of land to meet the parks dedication requirements for the 305 units. The parks dedication requirement for 305 high density residential units is .02 acres of land per unit or $2,500 per unit. The cash dedication for 305 units would be $762,500 (305 units x $2,500 per unit). Landscaping The original landscape plan was short by one tree. The landscape requirement for multi-family buildings taller than three stories is 8 trees plus on per every two units, or a total of 161 trees based on 305 units. The landscape plan includes 175 trees, which now exceeds the City Code requirement. Type Calculation Required Provided Trees 1 per 2 units plus 8* 161 Trees 175 Trees Foundation Plantings 1 per 10’ of bldg. perimeter** 291 Plants 2,373 Plants * 305 units/2 trees + 8, must include placement along boulevard at 50’ intervals ** 2,922 linear feet Access and Parking Vehicular access into the site will be made via two entry points along Adalyn Avenue on the eastern site boundary. The northern entrance will align with a driveway into the neighborhood on the east side of Adalyn Avenue. The private drive aisles will lead directly to the surface parking in the northeast and southwest areas of the site as well as to the entrances into the underground parking facilities. The applicant’s site plan provides a total of 520 parking stalls, 269 surface stalls and 251 underground stalls divided between the two buildings. This results in parking ratio of 1.70 parking stalls per unit. The parking standard for the R4 district is a ratio of 2 parking stalls per unit. The applicant indicates that this is consistent with the actual usage they’ve seen at other projects in suburban communities, particularly with this unit mix containing so many three-bedroom units. It is also a similar ratio to what staff has heard from other developers of multi-family communities about the usage they’ve seen. The applicant has included a proof of parking that would provide an additional 90 parking stalls if needed. With the proof of parking the ratio increased to 2.0 parking stalls per unit, which meets the required 2 parking stalls per unit. The table below shows the breakdown of the parking provided on the applicant’s plans. The second table provides a comparison of other apartments that have been approved with a reduced parking ratio. Underground 251 Stalls Surface 269 Stalls (90 proof of parking) Total 520 Stalls (610 proof of parking Parking Ratio (2 stalls per unit required) 1.70 Stalls per unit (2.0 stalls per unit proof) Qbhf!3:7!pg!623 Traffic The site has been designated as High Density Residential in the last three Comprehensive Plan updates. The street system in the vicinity has been designed taking this project into account since at least 2008. The traffic and parking analysis provided by the applicant used the City’s 2040 Comprehensive Plan to analyze long term impacts of the proposed development. The City’s engineer provided a review of the study that did not dispute the findings of the original analysis that the existing roadway system has sufficient reserve capacity to absorb the traffic anticipated from the proposed development. During the public hearing for the preliminary plat and PUD final site and building plan for this item the Planning Commission received many comments related to the ability of Adalyn Avenue to handle the volume of traffic generated by the proposed development. While Adalyn Avenue is a local street, it differs significantly from other local streets in the City in that there are no driveways directly accessing Adalyn Avenue. Other local streets would have 28 or more driveways entering the street over a similar distance. Adalyn Avenue is similar to a collector since only 5 private drives will be accessing that street, and the street system in this area was designed with the proposed development in mind. That being said, all local streets in any part of the city are designed to accommodate parking on both sides with traffic moving in both directions. Currently, parking is permitted along Adalyn Avenue. If needed, parking can be restricted to one or neither side of the street. Plans for the area include at least two connections from Connemara Trail to County Road 42 between Akron Avenue and Blaine Avenue, one of which will be a full intersection allowing traffic to move eastbound on County Road 42. Coordination with Dakota County’s transportation department is ongoing, and an areawide study to ensure needed improvements to intersections in the vicinity of Akron and 42 are made in a timely manner. Site Lighting The R4-High Density Residential district does not contain any regulations related to site lighting within the City Code. The Code contains those regulations in other zoning districts to minimize the effects of site lighting on adjacent residential properties. The applicant has provided a photometric study that shows the level of lighting at the property lines. Because there is not a maximum light level in the City Code for residential districts, the submittal of a photometric study is not a requirement for requests such as this. Nevertheless, the photometric study provided by the applicant shows little to no impact on adjacent residential properties and the height of pole mounted lights to be twenty feet or shorter, which is the standard for pole mounted lights. RECOMMENDATION The Planning Commission and staff are recommending approval of the final plat based on the information provided by the applicant and reviewed in this report, subject to the conditions listed in the recommended action. Qbhf!3:8!pg!623 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2023-72 A RESOLUTION APPROVING THE FINAL PLAT FOR ROSECOTT PLACE APARTMENTS WHEREAS, the Community Development Department of the City of Rosemount received a request for Final Plat approval from SRD2.0, LLC & SRPB Strategic Housing, LLC, concerning property legally described as: OUTLOT A, Prestwick Place Townhomes, City of Rosemount, Dakota County, Minnesota WHEREAS, on May 23, 2023, the Planning Commission of the City of Rosemount reviewed the Final Plat for Rosecott Place Apartments; and WHEREAS, on May 23, 2023, the Planning Commission recommended approval of the Final Plat for Rosecott Place Apartments, subject to conditions; and WHEREAS, on June 20, 2023, the City Council of the City of Rosemount reviewed the Planning Commission’s recommendation and the Final Plat for Rosecott Place Apartments. NOW, THEREFORE, BE IT RESOLVED, the City Council of the City of Rosemount hereby approves the Final Plat for Rosecott Place Apartments, subject to the following conditions: a.Execution of a Subdivision Agreement. b.Adherence with conditions of the Preliminary Plat and PUD Final Site and Building Plan approvals. c.Conformance with all requirements of the City Engineer as detailed in the attached memorandum dated September 16, 2022. d.Compliance with the conditions and standards within the Parks and Recreation Director’s Memorandum dated October 21, 2022. e.Drainage and utility easements with storm sewer infrastructure, except ponding or infiltration areas, may contain fences, but shall be required to include gates to provide trunk access, shall prohibit sheds or other accessory structures, and shall prohibit landscaping that would impede drainage. f.Payment of all applicable fees including GIS, Park Dedication, and other fees identified in the current fee schedule. g.Incorporation of any easements necessary to accommodate drainage, ponding trails, underpasses, conservation areas, streets and utilities. th ADOPTED this 20 day of June 2023, by the City Council of the City of Rosemount. Jeffery D. Weisensel, Mayor ATTEST: Erin Fasbender, City Clerk Qbhf!3:9!pg!623 Qbhf!3::!pg!623 Qbhf!414!pg!623 Qbhf!415!pg!623 th 145 & Akron Redevelopment: Summary of Changes from Original Submittal Based on public comment received during the neighborhood meeting hosted by the applicant nd on September 22 as well public comment and feedback from the Planning Commission on September th 27, the applicant decided to revise the project plans to reduce the height of Building A from five stories to four stories (from 55-6 to 43). This revision would reduce the visual impact along Adalyn Avenue, reduce the number of parking stalls needed, and would also reduce traffic and circulation associated with site. In reducing the height of Building A from five stories to four stories, the total unit count between both buildings was reduced from 336 residential units to 305. A revised site plan is provided, showing an additional 2 parking spaces being paved during construction and an additional 3 parking spaces provided as proof of parking. With reduction in height to four stories (and reduction of 31 units total), the project is able to meet the parking requirement of 2 stalls per unit with 520 parking stalls being constructed and 90 stalls available for proof of parking (610 total). The proposed revisions would bring the project in full compliance to zoning regulations within the sites current zoning R4 PUD-High Density Residential PUD. In effect, the applicant is not requesting any deviations to City Code. The table on the next page provides a comparison of revisions from the original submittal on August 30th, 2022 to the current plans as amended. :11!Opsui!Uijse!Tusffu-!Njoofbqpmjt-!NO!66512! 723/482/4111!!ts.sf/dpn! ! Qbhf!417!pg!623 ORIGINAL DESIGN 8.30.2022 CURRENT DESIGN Building A: 193,872 SF Gross Area Building A: 154,950 SF Building B: 206,972 SF (Above Ground) Building B: 206,972 SF TOTAL: 400,844 SF TOTAL: 361,922 SF *With the reduction in height, Building As gross area above ground was reduced. Building A: Five stories (55-6) Height Building A: Four stories (43 Building B: Four stories (44-10.5) Building B: Four stories (44-10.5) *Reduction in height after public comment and Planning Commission feedback. Studios: 29 Building A - Unit Count/Mix Studios: 31 1-Bedroom (+ Dens): 65 1-Bedroom: 48 *With the reduction in height, unit 2-Bedroom: 68 2-Bedroom: 55 mix and count was adjusted 3-Bedroom: 10 3-Bedroom: 7 accordingly. TOTAL: 172 TOTAL: 141 TOTAL UNIT COUNT 336 Units 305 Units 27 Units per Acre 24.5 Units per Acre Underground: 251 Parking Count Underground: 251 Surface: 267 (БА ƦƩƚƚŅ ƚŅ ƦğƩƉźƓŭΜ Surface: 269 (ВЉ ƦƩƚƚŅ ƚŅ ƦğƩƉźƓŭΜ TOTAL: 518 ΛЏЉЎ ƦƩƚƚŅ ƚŅ ƦğƩƉźƓŭΜ TOTAL: 520 ΛЏЊЉ ƦƩƚƚŅ ƚŅ ƦğƩƉźƓŭΜ Parking Ratio: 1.54 Stalls per unit Parking Ratio Parking Ratio: 1.70 Stalls per unit *Parking ratio adjusted to meet ΛЊ͵БЉ ƦƩƚƚŅ ƚŅ ƦğƩƉźƓŭΜ ΛЋ͵ЉЉ ƦƩƚƚŅ ƚŅ ƦğƩƉźƓŭΜ with unit reduction. Landscaping 175 Trees Provided 175 Trees Provided *Requirement = 1 tree per 2 units. ΛЊАЏ ƓĻĻķĻķΜ ΛЊЏЊ ƓĻĻķĻķΜ The reduction in unit count ΛЊ ƷƩĻĻ ƭŷƚƩƷ ƦĻƩ ĭƚķĻ ǞźƷŷ ЌЌЏ ǒƓźƷƭΜ ΛЊЍ ƷƩĻĻƭ źƓ ĻǣĭĻƭƭ ǞźƷŷ ƦĻƩ ĭƚķĻ ǞźƷŷ resulted in excess trees being ЌЉЎ ǒƓźƷƭΜ provided on site. :11!Opsui!Uijse!Tusffu-!Njoofbqpmjt-!NO!66512! 723/482/4111!!ts.sf/dpn! ! Qbhf!418!pg!623 Qbhf!419!pg!623 901 NORTH THIRD STREET / SUITE 145 / MINNEAPOLIS, MN 55401 AKRON AVE / ROSEMOUNT, MN© URBANWORKS ARCHITECTURE LLC, 2022 Qbhf!41:!pg!623 UM CANOPY STRUCTURE NUM PROFILE CORNICE EXTERIOR APPLICATION,THERMALLY-BROKEN; CROSS-SECTIONDIMENSIONS: 2" X 4.5"; FINISH: ANODIZED;COLOR: BLACK; GLAZING METHOD:CAPTURED PERIMETER, CAPTURED INTERIORNORMAN HALF BOND, COLOR 1BLACKEXPOSURE, COLOR 14 INCH EXPOSURE, COLOR 2EXPOSURE, COLOR 5THROUGH-THE-WALL HVAC UNIT, EXTRUDEDALUMINUM, CUSTOM COLOR SELECTED BYARCHITECT4" AND 8" HEIGHT, HALF BOND, COLOR 1PREFINISHED ALUMINUM, COLOR 1MESH RAILINGALUMINUM CHANNEL LETTERS ONSTANDOFF, WHITE ACRYLIC FACE, INTERNALILLUMINATIONBLACK \[AFS-SF-1\](08 41 13) ALUMINUM-FRAMED STOREFRONT,\[BRICK-1\](04 20 01) BRICK MASONRY VENEER,\[DR-OVHD-SEC\](08 36 13) OVERHEAD SECTIONAL DOOR\[DR-SLIDING-FG\](08 16 73) FIBERGLASS SLIDING DOORS\[FCP-1\](07 46 46) FIBER CEMENT PANELS, COLOR 1,\[FCP-2\](07 46 46) FIBER CEMENT PANELS, COLOR 2\[FCS-1\](07 46 46) FIBER CEMENT SIDING, 10.75 INCH\[FCS-2\](07 46 46) FIBER CEMENT SIDING, 8 INCH AND\[FCS-5\](07 46 46) FIBER CEMENT SIDING, 4 INCH\[LOUVER-MP\](23 80 00) LOUVER FOR PACKAGED\[MASONRY-1\](04 20 01) MASONRY VENEER, ALTERNATING\[MET-FAB-CANOPY\]ALUMIN\[MET-FAB-CORNI CE\]ALUMI\[MET-FAB-TRIM-1\](05 50 00) METAL TRIM, COLOR VARIES\[MET-SMC-1\](07 62 00) SHEET METAL COPING,\[RAIL-BALC-MESH\](05 73 00) ALUMINUM BALCONY, DECK, AND\[RAIL-GLASS\](05 73 13) GLAZED RAILING SYSTEM\[SIGN-EXT-1\](10 14 00) EXTERIOR BUILDING SIGNGAGE,\[WDW-FG\](08 54 13) FIBERGLASS WINDOW, COLOR: 44'-11 1/2" 44'-11 1/2" 44'-11 1/2" 44'-11 1/2" FG\]-\[WDW 1\]-\[BRICK 2\]-\[FCP FG\]-SLIDING-\[DR CORNICE\]-FAB-\[MET 1\]-\[MASONRY MP\]-\[LOUVER 5\]-\[FCS 2\]-\[FCP 1\]-\[FCP GLASS\]-\[RAIL 1\]-\[MASONRY 1\]-\[MASONRY 2\]-\[FCP 2\]-\[FCP FG\]-\[WDW 1\]-\[BRICKFG\]-\[WDW 1\]-EXT-\[SIGN 1\]-\[BRICK 2\]-\[FCP 1\]-\[FCP 1\]-TRIM-FAB-\[MET 1\]-SF-\[AFS CANOPY\]-FAB-\[MET 1\]-\[FCP 1\]-\[MASONRY 1\]-\[MASONRY 1\]-\[FCP MESH\]-BALC-\[RAIL FG\]-SLIDING-\[DR MP\]-\[LOUVER 2\]-\[FCP 1\]-SF-\[AFS MP\]-\[LOUVER 1\]-\[BRICK 1\]-\[BRICK FG\]-SLIDING-\[DR 1\]-\[MASONRY 1\]-TRIM-FAB-\[MET 1\]-\[FCP FG\]-\[WDW FG\]-\[WDW MP\]-\[LOUVER 1\]-\[FCP 1\]-SF-\[AFS 1\]-TRIM-FAB-\[MET MESH\]-BALC-\[RAIL MESH\]-BALC-\[RAIL 2\]-\[FCP 2\]-\[FCP 1\]-\[FCP 1\]-\[FCS 2\]-\[FCS 2\]-\[FCP 1\]-\[FCS 1\]-\[MASONRY 1\]-\[FCP FG\]-SLIDING-\[DR 1\]-\[BRICK MESH\]-BALC-\[RAIL 1\]-\[FCP 2\]-\[FCP 1\]-\[FCP 1\]-\[MASONRY 1\]-\[MASONRY 2\]-\[FCP 1\]-SMC-\[MET CORNICE\]-FAB-\[MET 1\]-\[MASONRY 1\]-\[FCP FG\]-\[WDW 1\]-\[BRICK1\]-\[MASONRY 1\]-\[BRICK 1\]-\[FCP 5\]-\[FCS 1\]-\[FCP MP\]-\[LOUVER 2\]-\[FCP MESH\]-BALC-\[RAIL 5\]-\[FCS 1\]-\[BRICK 2\]-\[FCP MP\]-\[LOUVER 1\]-\[BRICK MESH\]-BALC-\[RAIL 1\]-\[FCP 1\]-\[MASONRY 1\]-\[MASONRY 1\]-\[BRICK 2\]-\[FCS 1\]-\[MASONRY 2\]-\[FCP 1\]-SF-\[AFS 1\]-\[BRICK CORNICE\]-FAB-\[MET 2\]-\[FCP 2\]-\[FCS 5\]-\[FCS 1\]-\[FCP MP\]-\[LOUVER 1\]-\[BRICK FG\]-\[WDW 1\]-SMC-\[MET 2\]-\[FCS 1\]-\[FCP MESH\]-BALC-\[RAIL 2\]-\[FCP 1\]-\[MASONRY MP\]-\[LOUVER FG\]-\[WDW 2\]-\[FCP FG\]-SLIDING-\[DR 1\]-\[FCP CORNICE\]-FAB-\[MET 2\]-\[FCS 1\]-\[BRICK 5\]-\[FCS 2\]-\[FCP 1\]-\[FCP 1\]-\[MASONRY 1\]-SMC-\[MET MESH\]-BALC-\[RAIL 2\]-\[FCP FG\]-SLIDING-\[DR 1\]-\[BRICK C:\\Users\\david.miller\\Documents\\22-0005 A22 Central_david.miller(Recovery).rvt11/9/2022 7:04:15 AM 901 NORTH THIRD STREET / SUITE 145 / MINNEAPOLIS, MN 55401 AKRON AVE / ROSEMOUNT, MN© URBANWORKS ARCHITECTURE LLC, 2022 Qbhf!422!pg!623 C:\\Users\\david.miller\\Documents\\22-0005 A22 Central_david.miller(Recovery).rvt11/9/2022 7:04:50 AM 901 NORTH THIRD STREET / SUITE 145 / MINNEAPOLIS, MN 55401 AKRON AVE / ROSEMOUNT, MN© URBANWORKS ARCHITECTURE LLC, 2022 Qbhf!423!pg!623 C:\\Users\\david.miller\\Documents\\22-0005 A22 Central_david.miller(Recovery).rvt11/9/2022 7:05:15 AM Memorandum Up;Bouipoz!Ofndfl-TfojpsQmboofs DD;Tubdz!Cpetcfsh-!Qmboojoh!'!Qfstpoofm!Tfdsfubsz Csjbo!Fsjdltpo-!Djuz!Fohjoffs Gspn;Ujn!IbotpoQF-!XTC!Fohjoffsjoh!Dpotvmubou Ebuf;Tfqufncfs27-!3133 Sf;Tibgfs!Sjdibsetpo!Bqbsunfout Tjuf!QmboSfwjfx HsbejohQmboSfwjfx VujmjuzQmboSfwjfx XTC!Gjmf!Ovncfs!132391.111 SUBMITTAL: Tibgfs!Sjdibsetpoibt!tvcnjuufe!b!tjuf!qmbo!gps!uif!efwfmpqnfou!pg!Pvumpu!B-!Qsftuxjdl!Qmbdf! Upxoipnft/!Uif!qspqptfe!qspkfdu!efwfmpqt!uxp!mput!boe!uxpbqbsunfou!cvjmejoht!dpotjtujoh!pg! 447!vojut!xjui378tvsgbdf!qbsljoh!tubmmt/!!Uif!qmbot!tvcnjuufe!xfsf!qsfqbsfe!czVscbo!Xpslt! boe!Fmbo!Eftjho!cpui!pg!Njoofbqpmjt-NO/!Sfwjfx!dpnnfout!xfsf!hfofsbufe!gspnuif!TjufQmbo Tvcnjuubm-opu!ebufe-!sfdfjwfe!po!1:/12/3133/!!Uif!tvcnjuubm!jodmvefe!uif!gpmmpxjoh; Fyjtujoh!Dpoejujpot Tjuf!Qmbo HsbejohQmbo VujmjuzQmbo Mboetdbqf!Qmbo EXISTING CONDITIONS Tibgfs!Sjdibsetpobqbsunfoutjt!jouif!opsuifbturvbesbou!pg!Blspo!Bwfovf-!Dpvouz!Spbe!84- boe!Dpoofnbsb!Usbjm!joufstfdujpo-boe!xftu!pg!BebmzoBwfovf/!!Uif!qbsfou!qbsdfm!jt23/55bdsft jo!tj{f!boe!jt!dvssfoumzhsbttmboe!xjui!op!opujdfbcmf!vtf/!!Tibgfs!Sjdibsetpoxjmm!dsfbuf!uxpmput xjui!bo!bqbsunfou!cvjmejoh!boe!tvsgbdf!qbsljoh!mpdbufe!po!fbdi!mpu/!!Uif!sfqmbujoh!pg!Pvumpu!B-! Qsftuxjdl!Qmbdf!upxoipnft!xjmm!sfrvjsf!uif!wbdbujpo!pg!fyjtujoh!esbjobhf!boe!vujmjuz!fbtfnfout! qmbuufe!xjui!Qsftuxjdl!Qmbdf!Upxoipnft/ 2/Wbdbuf!fyjtujoh!esbjobhf!boe!vujmjuz!fbtfnfout!xjuijo!Pvumpu!B-!Qsftuxjdl!Qmbdf! Upxoipnft/ SITE PLAN Uif!qspqptfe!tjuf!qmbo!jefoujgjft!uif!efwfmpqnfou!pguxp!bqbsunfou!cvjmejoht!xjui!4!qbsljohmput! boe!tjuf!bnfojujft/!!Bddftt!up!uif!tjuf!jt!gspn!Bebmzo!Bwfovf!bu!uxp!mpdbujpot/!!Uif!tpvuifsmz! esjwfxbz!jt!mpdbufe!261!gffu!opsui!pg!Dpoofnbsb!Usbjm!njexbz!cfuxffo!Dpoofnbsb!Usbjm!boe! se Vqqfs!254Dpvsu/!Uif!tfdpoe!esjwfxbz!jt!mpdbufe!2:1!gffu!tpvui!pg!Beejtpo!Bwfovf-!bdsptt! oe gspn!253Tusffu/!Uif!uxp!esjwfxbzt!gpsn!b!mppq!tusffu!xijdi!fyufoet!uisvuif!tjufcfuxffo!uif! uxp!cvjmejoht/!!Uif!mpu!mjof!fyufoet!epxo!uif!dfoufsmjof!pg!uif!tpvuifsmz!esjwfxbz!boe!uifo!opsui! L;\]132391.111\]Benjo\]Epdt\]3133/1:/12!Tvcnjuubm\]3133/1:/26!.TjufQmbo!Sfwjfx/epdy Qbhf!424!pg!623 Bouipoz!Ofndfl! Tfqufncfs27-!3133 Qbhf!3! bmpoh!uif!dfoufsmjof!pg!uif!opsui.tpvui!esjwfxbz!bmjhonfou/!!! Uif!tpvuifsmz!esjwfxbz!qspwjeft!ejsfdu!bddftt!up!fbdi!cvjmejoh tvsgbdf!qbsljoh!mpu!gps!uif!xftufsmz!cvjmejoh/!!Uif!opsuifsmz!fousbodf!qspwjeft!ejsfdu!bddftt!up!uxp! tvsgbdf!qbsljoh!mput!gps!uif!fbtufsmz!cvjmejoh!boe!b!tfdpoe!tvcmfwfm!hbsbhf!epps!pg!uif!xftufsmz! cvjmejoh/! Uif!esjwfxbz!xjeuit!bsf!35!gffu!xjef!gps!bddftt!boe!djsdvmbujpo!pg!uif!tjuf/! Uif!qspqptfe!tvsgbdf!qbsljoh!tubmmt!bsf!jefoujgjfe!up!cf!:.gffu.xjef!boe!28.gffu!effq!xjui!cvnqfs! pwfsiboh-!2:.gffu.effq!po!ifbe.up.ifbe!tubmmt!xjui!35!gffu!xjef!esjwf!jtmft/!B!gfx!dpnqbdu! qbsljoh!tubmmt!boe!qbsbmmfm!qbsljoh!tubmmt!bsf!bmtp!jodmvefe!jo!uif!tjuf!qmbo/!!Bddftt!boe!djsdvmbujpo! xjuijo!uif!qbsljoh!mput!bqqfbst!up!cf!befrvbuf/! Qfeftusjbo!gbdjmjujft!bsf!jefoujgjfe!xjuijo!uif!uxp!mput-!bekbdfou!up!uif!qbsljoh!mput!boe!fyufoejoh! pvu!up!Dpoofnbsb!Usbjm-!Bebmzo!Bwfovf-!boe!Blspo!Bwfovf/!!Uiftf!gbdjmjujft!dpoofdu!up!fyjtujoh! qfeftusjbo!gbdjmjujft!bmpoh!uif!qvcmjd!tusffut/! B!qjqfmjof!boe!qjqfmjof!fbtfnfou!fyufoet!ejbhpobmmz!bdsptt!uif!dfousbm!qpsujpo!pg!uif!tjuf/!!Uif! cvjmejoh!gppuqsjou!fyufoet!bekbdfou!up!uif!qjqfmjof!fbtfnfou/!!Qbsljoh!mput!boe!qpsujpot!pg!uif! qspqptfe!esjwfxbzt!bsf!qspqptfe!up!cf!dpotusvdufe!pwfs!uif!qjqfmjof!fbtfnfou/!!Uif!hsbejoh! qmbo!jefoujgjft!tjhojgjdbou!gjmmt!pwfs!uif!qjqfmjof!bmjhonfou/!!Uif!efwfmpqfs!offet!up!wfsjgz!uif! bcjmjuz!up!dibohf!uif!hsbef!pwfs!uif!qjqfmjof/! B!Nfuspqpmjubo!Dpvodjm!Fowjsponfoubm!Tfswjdft!)NDFT*!tbojubsz!tfxfs!joufsdfqups!fyufoet! bdsptt!uif!tpvuifso!qpsujpo!pg!uif!tjuf/!!B!qsppg!pg!qbsljoh!bsfb-!esjwfxbz!boe!qpoejoh!bsfb!jt! qspqptfe!up!cf!dpotusvdufe!pwfs!uif!tbojubsz!tfxfs!fbtfnfou/!!B!gjmm!bsfb!boe!dvu!bsfb!bsf! qspqptfe!pwfs!uif!tfxfs!mjof/!!Uif!efwfmpqfs!offet!up!wfsjgz!uif!bcjmjuz!up!dibohf!uif!hsbef!pwfs! uif!qjqfmjof/! 3/!Uif!qspqptfe!qbwfnfou!tfdujpo!tipvme!jodmvef!b!3.gppu!tboe!dpsf/! ! The development Fees are indicated below based on the 2022 Schedule of Rates and Fees. The lot is subject to these fees. !Sanitary Sewer Trunk Charge: $1,075/acre !Watermain Trunk Charge: $6,500/acre !Storm Sewer Trunk Charge: $6,865/acre ! ! GRADING AND DRAINAGE! ! Uif!qspqptfe!hsbejoh!qmbo!ejsfdut!svopgg!bxbz!gspn!uif!cvjmejoh!xjuijo!uif!qbsljoh!mput!up! qspqptfe!tupsn!tfxfs/!!Gpvs!qpoejoh!bsfbt!bsf!tipxo!po!uif!qmbo-!uxp!OVSQ!qpoet!boe!uxp! jogjmusbujpo!cbtjot/!!Uif!jogjmusbujpo!cbtjot!bsf!tipxo!po!pof!mpu!boe!uif!OVSQ!qpoet!bsf!tipxo! po!uif!puifs!mpu/!!Esbjobhf!gspn!uif!xftufsmz!mpu!jt!usfbufe!jo!OVSQ!cbtjot!mpdbufe!jo!uif!fbtufsmz! mpu/!!Uiftf!cbtjot!ejtdibshf!up!jogjmusbujpo!cbtjot!mpdbufe!po!uif!xftufsmz!mpu/!!B!nbjoufobodf! bhsffnfou!cfuxffo!uif!uxp!mpu!pxofst!jt!sfrvjsfe!gps!qfsqfuvbm!nbjoufobodf!pg!uif!qpoejoh! bsfbt/! ! 4/!Uif!nbyjnvn!tmpqf!jt!5;2/! 5/!B!nbjoufobodf!bhsffnfou!jt!sfrvjsfe!cfuxffo!uif!uxp!mput!gps!qfsqfuvbm!nbjoufobodf!pg! uif!qpoejoh!boe!jogjmusbujpo!bsfbt/! SANITARY SEWER AND WATERMAIN UTILITY PLAN ! Tbojubsz!tfxfs!tfswjdf!jt!qspqptfe!up!fyufoe!gspn!bo!fyjtujoh!tuvc!mpdbufe!po!uif!xftu!tjef!pg! Bebmzo!Bwfovf/!!Uif!vujmjuz!qmbo!jefoujgjft!uif!tbojubsz!tfxfs!fyufoejoh!bdsptt!uif!opsui!tjef!pg! uif!fbtufsmz!cvjmejoh!up!uif!xftufsmz!cvjmejoh/!!Uif!tfswjdf!mpdbujpo!gps!uif!fbtufsmz!cvjmejoh!jt!opu! tipxo!po!uif!qmbo/!!Bo!fyjtujoh!fjhiu.jodi!xbufsnbjo!tuvc!mpdbufe!po!uif!xftu!tjef!pg!Bebmzo! L;\]132391.111\]Benjo\]Epdt\]3133/1:/12!Tvcnjuubm\]3133/1:/26!.!Tjuf!Qmbo!Sfwjfx/epdy! Qbhf!425!pg!623 Bouipoz!Ofndfl! Tfqufncfs27-!3133 Qbhf!4! Bwfovf!xjmm!cf!dpoofdufe!up!boe!fyufoefe!uispvhi!uif!tjuf!up!uif!tpvuixftu!dpsofs!pg!uif!tjuf! xifsf!uif!xbufsnbjo!dpoofdut!bu!b!izesbou!mpdbujpo/!!B!uijse!xbufsnbjo!dpoofdujpo!jt!bmtp! qspqptfe!gspn!b!xbufsnbjo!tuvc!mpdbufe!bmpoh!uif!opsui!qmbu!mjof!fyufoejoh!gspn!uif!Qsftuxjdl! Qmbdf!Upxoipvtf!qmbu/!!Uif!qspqptfe!xbufsnbjo!fyufotjpot!bsf!jefoujgjfe!bt!9.jodi/!!Uif! efwfmpqfs!nvtu!tipx!uibu!uifsf!jt!tvggjdjfou!dbqbdjuz!jo!uif!xbufsnbjo!gps!gjsf!qspufdujpo!offet/!! Epnftujd!boe!gjsf!gmpxt!xjmm!cf!pcubjofe!gspn!uif!xbufsnbjo!fyufotjpo/! 6/!Mpdbujpo!pg!izesbout!boe!wbmwft!xjmm!cf!efubjm!sfwjfxfe!xjui!uif!dpotusvdujpo!qmbot/! 7/!Uif!tbojubsz!tfxfs!dpoofdujpo!nboipmf!)Tbo!NI!2*!dboopu!cf!mpdbufe!jo!uif!cjuvnjopvt! usbjm/! 8/!Uif!tbojubsz!tfxfs!boe!xbufsnbjo!nvtu!cf!qmbdfe!xjuijo!esbjobhf!boe!vujmjuz!fbtfnfout/! ! STORM SEWER Tfwfsbm!tupsn!tfxfs!svot!bsf!qspqptfe!gps!uif!tjuf/!!Uif!qspqptfe!tupsn!tfxfst!dpmmfdu!svopgg! gspn!uif!qbsljoh!mput!boe!esjwfxbz!boe!dpowfz!uif!svopgg!up!uif!OVSQ!cbtjot/!!Uif!qmbo!bmtp! jefoujgjft!tupsn!tfxfs!dpoofdujpot!gspn!uif!cvjmejoht!up!uif!OVSQ!cbtjo!boe!up!uif!qspqptfe! jogjmusbujpo!cbtjo/!!Bo!voefshspvoe!jogjmusbujpo!cbtjo!jt!jefoujgjfe!bu!uif!fbtu!foe!pg!uif!opsuifsmz! esjwfxbz/!!Uif!tupsn!tfxfs-!qpoet-!boe!voefshspvoe!jogjmusbujpo!tztufn!xjmm!cf!qsjwbufmz! nbjoubjofe/! 9/!Efubjm!sfwjfx!pg!uif!tupsn!tfxfs!tztufn!boe!eftjho!xjmm!cf!dpnqmfufe!xjui!uif! dpotusvdujpo!qmbot!gps!uif!tjuf/! :/!Bo!fyjtujoh!joufsdfqups!tupsn!tfxfs!fyufoejoh!gspn!Dpoofnbsb!Usbjm!xjmm!offe!up!cf! fyufoefe!up!uif!qspqptfe!qpoejoh!bsfb/! ! SURFACE WATER MANAGEMENT ! Uif!qspqptfe!Tvsgbdf!Xbufs!Nbobhfnfou!qmbo!gps!uif!qsfmjnjobsz!qmbu!jt!voefs!sfwjfxfe/!! Dpnnfout!jodmvefe!jo!uif!Tvsgbdf!Xbufs!Nbobhfnfou!qmbo!sfwjfx!tibmm!cf!jodpsqpsbufe!jo!uif! qspkfdu!eftjho/! ! LANDSCAPE PLAN Uif!Mboetdbqf!qmbo!xbt!sfwjfxfe!gps!qmbou!mpdbujpo!dpogmjdut!xjui!qspqptfe!jogsbtusvduvsf/!! Tfwfsbm!qspqptfe!usff!mpdbujpot!dpogmjdu!xjui!voefshspvoe!jogsbtusvduvsf/!!Usff!qmboujoht!tipvme! bmmpx!tqbdf!gps!bddftt!pg!nbjoufobodf!frvjqnfou/! ! GENERAL! ! Jogsbtusvduvsf!eftjho!tibmm!cf!dpnqmfufe!jo!bddpsebodf!xjui!uif!Djuz! Hvjefmjoft!boe!Tuboebset/!!Jogsbtusvduvsf!dpotusvdujpo!tibmm!cf!dpnqmfufe!jo!bddpsebodf!xjui!uif! Tuboebse!Efubjm!Qmbuft!gps!Tusffu!boe!Vujmjuz! Dpotusvdujpo/! L;\]132391.111\]Benjo\]Epdt\]3133/1:/12!Tvcnjuubm\]3133/1:/26!.!Tjuf!Qmbo!Sfwjfx/epdy! Qbhf!426!pg!623 MEMORANDUM To: Bebn!Ljfocfshfs!Dpnnvojuz!Efwfmpqnfou!Ejsfdups!! Bouipoz!Ofndfl-!Tfojps!Qmboofs!! Kvmjb!Iphbo-!Qmboofs!!! ! From: Ebo!Tdivmu{-!Qbslt!boe!Sfdsfbujpo!Ejsfdups!! Date: Pdupcfs!32-!3133! Subject: Tdibfgfs!Sjdibsetpo!Efwfmpqnfou!!!!! The Parks and Recreation Department recently reviewed the development plans for the Schaefer Richardson apartment complex project. !After reviewing the plans, the Parks and Recreation Department staff has the following comments: PARKS DEDICATION The parks dedication requirement for 305 high density residential units is .02 acres of land per unit or $2,500 per unit. The Parks Master Plan does not call for a park in this area, so staff is recommending the City collect cash in-lieu of land to meet the parks dedication requirements for the 336 units. The cash dedication for 305 units would be $762,500 (305 units x $2,500 per unit). Staff is recommending that City not provide any parks dedication credit for any amenities being proposed on their site. The Parks and Recreation Commission will be reviewing this item at the regular meeting on Monday, October 24. Please let me know if you have any questions about this memo. Qbhf!427!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Declare Crash Attenuator as Surplus Property and AGENDA SECTION: Authorize Disposal CONSENT AGENDA PREPARED BY: Nick Egger, Public Works Director AGENDA NO. 6.h. ATTACHMENTS: 2007 Crash Attenuator Asset Sheet APPROVED BY: LJM RECOMMENDED ACTION: Motion to declare crash attenuator as excess property and authorizing staff to proceed with disposal. BACKGROUND Public Works recently purchased a replacement crash attenuator for use as part of mobile street maintenance and repair operations when on higher speed and higher volume roadways, where it protects the City's staff and equipment in the unfortunate instance of a collision by a moving vehicle. The old attenuator was acquired in 2007, and over time staff has experienced that it is both cumbersome to attach to the City's dump trucks and to operate, whereas the replacement attenuator is trailer-mounted and can easily be connected for use, and disconnected for storage. Technological and manufacturing advancements in the new attenuator also have improved overall functionality and safety protection compared to the older unit. RECOMMENDATION Staff recommends the old crash attenuator is declared by the Council to be surplus property, and that Council authorizes staff to proceed with disposal by way of auction through a third-party auction service. Qbhf!428!pg!623 Qbhf!429!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Approval of Council Travel AGENDA SECTION: CONSENT AGENDA PREPARED BY: Erin Fasbender, City Clerk AGENDA NO. 6.i. ATTACHMENTS: APPROVED BY: LJM RECOMMENDED ACTION: Approve travel for Mayor Weisensel to attend National League Summer Board and Leadership Meeting BACKGROUND Mayor Weisensel has expressed interest in attending the National League of Cities (NLC) Summer Board and Leadership Meeting July 19-21, 2023 in Tacoma, WA . According to the City’s adopted policy, the conference must be approved in advance by a vote of the City Council at an open meeting and must include an estimate cost of the travel. In evaluating the out-of-state travel request, the Council will consider the following: Whether the elected official will be receiving training on issues relevant to City or his or her role as Mayor or Council Member. Whether the elected official will be meeting and networking with other elected officials from around the country to exchange ideas on topics of relevance to the city or on the official roles of local elected officials. Whether the elected official will be viewing a city facility or function that is similar to nature to one that is currently operating, or under consideration by the City where the purpose for the trip is to study the facility or function to bring back ideas for the consideration of full Council. Whether the elected official has been specifically assigned by the Council to visit another city for the purpose of establishing a goodwill relationship such as a “sister-city” relationship. Whether the elected official has been specifically assigned by the Council to testify on behalf of the City at the United States Congress or to otherwise meet with federal officials on behalf of the City. Whether the City has sufficient funding available in the budget to pay for the cost of the trip. The estimated cost for Mayor Weisensel to attend NLC Summer Board and Leadership Meeting is $687 for airfare, $180 for travel & parking and $216 plus tax for hotel fees per night. The registration fee to attend the meeting is free. The applicable “meals and incidental expense” rate for Tacoma, WA is $69 per day and $51.75 for first and last day of travel. RECOMMENDATION Staff recommends the City Council approve the request of Mayor Weisensel to travel to the meeting. Qbhf!42:!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Temporary On-Sale Liquor License - Barmans AGENDA SECTION: Hospitality Group DBA Celts CONSENT AGENDA PREPARED BY: Erin Fasbender, City Clerk AGENDA NO. 6.j. ATTACHMENTS: APPROVED BY: LJM RECOMMENDED ACTION: Motion to approve a Temporary On-Sale Liquor License for Celts to hold special events July 27-29, 2023 at 14506 South Robert Trail subject to conditions within the staff report BACKGROUND Barmans Hospitality Group DBA Celts has submitted a request for a Temporary On-Sale Liquor License at 14506 South Robert Trail. The purpose of the request is to hold outdoor events in their parking lot as part of Leprechaun Days. Staff recommends approval of the temporary license as requested by Celts to hold events July 27-29, 2023. The approvals are subject to the following conditions: The parking lot area be fenced in a manner consistent with prior years and approved by the Rosemount Chief of Police. Access points to the fenced area are staffed by Celts to control entry/exit and monitor any issues with fencing/unlawful entry. Any music cannot be played beyond 11 p.m. on Friday and Saturday. o Live music will be present on July 28th and 29th. Bingo will be held on July 27th starting at 6 p.m. and a DJ will be present during bingo, playing periodically between games and following bingo until 9 p.m. All speakers must face away from the Rosemount Plaza Apartments. RECOMMENDATION Staff recommends the Council approve the request for a temporary on-sale liquor license. Qbhf!431!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: 2023 Neighborhood Infrastructure Improvement AGENDA SECTION: Project, Assessment Hearing and Adopt Assessment PUBLIC HEARINGS Roll PREPARED BY: Brian Erickson, City Engineer AGENDA NO. 7.a. ATTACHMENTS: Resolution , 2023-04 Assessment Roll, Affidavit of APPROVED BY: LJM Hearing Notice, Project Map RECOMMENDED ACTION: Motion to: 1. Hold Public Hearing on Assessments. 2. Adopt a Resolution Approving the Assessment Roll for the 2023 Neighborhood Infrastructure Improvement Project, City Project 2023-04 BACKGROUND As part of the Minnesota Statute Chapter 429 process both an improvement and assessment public hearing are required. These are separate hearings and the improvement hearing was previously held on March 3, 2023. With the award of the contract, staff has calculated the final proposed assessment amount for each of the property owners. During the hearing, City Council is asked to hear and pass upon all public comments received. On May 31, 2023, a neighborhood open house was held and residents on the project were afforded the opportunity to meet individually with staff or consultant. There were 22 property owners in attendance. Generally, the residents were interested in the assessment amounts, construction timeline, connection to public utilities, specific property concerns and access during construction. Residents were also provided information how to receive weekly project updates. Property owners have also been provided with a mailed notice of this hearing along with the necessary information to protest their assessments should they desire to do so. A copy of the proposed assessment roll is included as part of this report. In accordance with the City’s special assessment policy, the formulaic special assessment amount is computed based on 35% of the street and surface costs, and would be approximately $14,700 per parcel. As a departure from City policy, staff is proposing that only 24% of the street and surface costs are assessed as a gesture by the City to help lessen the burden on adjacent property owners, capping the per parcel assessment at $10,000. The following table shows the proposed total project funding. It should be noted that the extension of utilities into the neighborhood are not being assessed to the property owners, but instead is being funded by the Core Funds. Qbhf!432!pg!623 The aggregate total special assessment amount would thus be only $350,000 instead of the $510,000 that the City policy would normally require. The proposed amount of $350,000 is to be assessed to the 35 property owners abutting the project corridor. An additional proposed departure from City policy would be to allow for the assessments to be payable over a 15-year instead of the standard 10- year term. Finally, partial assessment payments will also be accepted prior to tax certification in another departure from standard policies. The interest rate for a property owner to finance a special assessment via installment payments on the spring property tax statement would be 2% above the interest rate paid by the City for the bonds, currently estimated to be 4.7%. Additional details will be provided at the Assessment Hearing. With the extension of utilities into the neighborhood, property owners will be allowed up to 10 years to connect to the city system provided their private systems meet the necessary regulations. Actual construction of the utility connections will be the responsibility of the property owner as well as the payment of access charges for the water and sanitary sewer systems. Staff recommends allowing property owners to pay those charges via a separate special assessment if they decide to connect to the system in 2023. Final completion would be allowed to be completed by the spring of 2024. Residents that want to take advantage of this would be required to sign separate agreement and staff will mail notification to residents with additional details. RECOMMENDATION Staff will present an overview of the project and request the Council open a public hearing to hear and pass upon all objections to the assessment roll. Staff recommends that Council approve the attached resolution adopting the assessment roll for the 2023 Neighborhood Infrastructure Improvement Project, City Project 2023-04. Qbhf!433!pg!623 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2023 - 74 A RESOLUTION ADOPTING THE ASSESSMENT ROLL FOR THE 2023 NEIGHBORHOOD INFRASTRUCTURE IMPROVEMENT PROJECT, 2023-04 WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard and passed upon all objections to the proposed assessment for 2023 Neighborhood Infrastructure Improvement Project, City Project 2023-04, the improvement of the following streets: th Bacardi Avenue West between the edge of pavement and the Stillwell Pond north of 128 Street West, approximately 820 feet north th 128 Street West between Bacardi Avenue West and Bengal Avenue West thth 130 Way between Bengal Avenue and 130 Street West thth Bengal Avenue between 128 Street West and 130 Street West, and; NOW THEREFORE BE IT RESOLVED by the City Council of the City of Rosemount, Minnesota: 1.Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2.Such assessment shall be payable in equal annual installments extending over a period of 15 years, the first of the installments to be payable on or before the first Monday in January 2024 and shall bear interest at the rate of 4.70 percent per annum from the date of the adoption of this assessment resolution. To the first installment shall be added fees and interest on the entire assessment from the date of this resolution until December 31, 2023. To each subsequent installment, when due, shall be added interest for one year on all unpaid installments. 3.The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole or part of the assessment on such property, with interest accrued to the date of payment, to the city treasurer, except that no interest shall be charged on the amount of the assessment that is paid by October 31, 2023; and he/she may, at any time thereafter, pay to the city treasurer the whole amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4.On October 31, 2023, the City Clerk shall transmit a certified duplicate of this assessment to the county auditor to be extended on the property tax lists of the county. Such assessments shall be collected and paid over in the same manner as other municipal taxes. Qbhf!434!pg!623 th ADOPTED this 20 day of June, 2023 Jeffery D. Weisensel, Mayor ATTEST: Erin Fasbender, City Clerk 2 Qbhf!435!pg!623 Qbhf!436!pg!623 Qbhf!437!pg!623 Qbhf!438!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Public Hearing for the Proposed Tax Abatement on AGENDA SECTION: parcels 34-02600-70-013 and 34-03500-01-011 PUBLIC HEARINGS th Located at 1367 – 145 Street East PREPARED BY: Eric Van Oss, Economic Development Coordinator AGENDA NO. 7.b. ATTACHMENTS: Resolution, Tax Abatement Agreement APPROVED BY: LJM RECOMMENDED ACTION: Open the public hearing and take public comment. Motion to close the hearing and vote to approve the proposed abatement resolution. BACKGROUND As the Council is aware, staff has been working with the Jimnist, LLC development team on a technology campus on approximately 280 acres of land owned by the University of Minnesota in its UMore Park site. The abatement agreement and terms sheet were brought forward in January, but were still in draft form at the time of the public hearing. The agreement has now been finalized and is ready to be considered for approval. Development of the site will include the construction of two main buildings along with additional ancillary buildings and support areas which will house office space, servers, and support equipment in a campus setting of one-story buildings. Additional site improvements will consist of parking lots, both temporary and permanent, an electrical substation, and security facilities such as fencing and a gatehouse. The Rosemount Planning Commission recommended approval of the PUD Master Development Plan with Rezoning in December and this was subsequently approved by the Council in March. As part of this project, Jimnist, LLC is seeking to enter into a tax abatement agreement for the parcels targeted for development. The property that is the subject of the proposed tax abatement is identified as parcels 34-02600-70-013 and 34-03500-01-011 located at 1367 – 145th Street East. The estimated total amount of the tax abatement over the term of the abatement is $0. The City is proposing to enter into an Abatement Agreement with Bigfoot to provide assistance to the proposed technology campus. Under the proposed Abatement Agreement, the City will retain the first $1 million of City taxes annually for the next 20 years. In the event that the City portion of the taxes exceeds $1 million, any additional City tax revenue will be reimbursed to Jimnist. Based on preliminary plans, the County Assessor provided an estimated completed market value between $68.4 million and $84.9 million. Using the higher value and current tax rates, the annual City taxes are estimated at $406,000. To reach $1 million in annual City taxes, the project would need to be valued at $85 million and annually inflate at 6 percent over the 20-year term. The City Council may adopt an abatement resolution and grant the abatement following a public hearing. The City’s financial consultant will present the details of this proposed abatement. Qbhf!439!pg!623 RECOMMENDATION Motion to open the public hearing and take public comment. Motion to close the hearing and vote to approve the abatement resolution. Qbhf!43:!pg!623 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2023 - 75 RESOLUTION GRANTING A PROPERTY TAX ABATEMENT IN THE CITY OF ROSEMOUNT, MINNESOTA BE IT RESOLVED by the City Council (the “Council”) of the City of Rosemount, Minnesota (the “City”) as follows: Section 1. Recitals. 1.01.Jimnist LLC, a Delaware limited liability company (the “Developer”), has a purchase th agreement and intends to acquire in fee the real property located at 1367 - 145 Street East in Rosemount, consisting of the parcels identified as 34-02600-70-013 and 34-03500-01-011 (the “Abatement Property”). 1.02.The Developer proposes to establish a project consisting of the acquisition, construction, and equipping of a technology campus located on the Abatement Property (the “Project”) to be owned and operated by the Developer. On March 21, 2023, the City adopted an ordinance rezoning the Abatement Property from AG-Agricultural to BP PUD-Business Park Planned Unit Development and a resolution approving the Planned Unit Development. Additional land use entitlements required before commencement of the Project are envisioned to include final site and building plans and a plat of the Property. 1.03.The Property is currently undeveloped. It is expected that the Developer will create at least five new jobs paying a minimum of 200 percent of the state minimum wage by the time of completion of the Project. 1.04.Pursuant to Minnesota Statutes, Sections 469.1812 through 469.1815, as amended (the “Tax Abatement Act”), and a Tax Abatement Agreement, the form of which has been submitted to the City Council for its consideration and approval (the "Tax Abatement Agreement"), the City has determined a need to grant a property tax abatement on the Abatement Property (the “Abatement”) to the Developer in order to assist in financing a portion of the costs of the Project. The term of the Abatement will be for 20 years. The Abatement will apply to the City’s share of real estate taxes on the Abatement Property. The Property is currently exempt from real estate taxes. 1.05.The Tax Abatement Agreement sets forth in greater detail the terms of the Abatement provided by the City. 1.06.On the date hereof, the City Council conducted a duly noticed public hearing on the Abatement proposed to be granted by the City. The views of all interested persons were heard and considered at the public hearing. Section 2. Findings. 2.01.The recitals set forth above are incorporated into this resolution. 2.02.It is hereby found and determined that the benefits to the City from the Abatement will be at least equal to the costs to the City of the Abatement, because (a) based on representations Qbhf!441!pg!623 of the Developer, the City believes that the Project is not reasonably likely to occur absent the Abatement, (b) the development of the Project will likely encourage additional development and jobs within the City and surrounding area, and (c) the long-term taxes collected from the Abatement Property after termination of the Abatement will exceed the amount of the Abatement returned to the Developer. 2.03.It is hereby found and determined that the Abatement is in the public interest because such action will increase the City’s tax base, facilitate construction of needed public infrastructure and provide additional employment opportunities in the City and the State. 2.04.It is further specifically found and determined that the Abatement is expected to result in the following public benefits: (a)An estimated $68,000,000 increase in market value within the City for property tax purposes. All of that value will be available to the County, school district and other taxing jurisdictions during the full term of the Abatement. All of that value is estimated to be available to the City, subject to the specific terms of the Abatement; and (b)Creation by the Developer of new jobs in the City and the State; and (c)Provision by the Developer of needed public infrastructure improvements at the time of construction of the Project. 2.05.The City has concluded, based on its estimates and as more fully set forth in the Tax Abatement Agreement, that the aggregate amount of Abatements which will be paid to the Developer during the Abatement Period is $0. Accordingly, the City finds that the Abatement does not constitute a business subsidy within the meaning of Minnesota Statutes, Sections 116J.993 to 116J.995, as amended (the “Business Subsidy Act”). Section 3. Actions Ratified; Abatement and Tax Abatement Agreement Approved 3.01.The City Council hereby ratifies all actions of the City’s staff and consultants in arranging for approval of this Abatement Resolution and the Tax Abatement Agreement in accordance with the Tax Abatement Act. 3.02.Subject to the provisions of the Tax Abatement Act and the Tax Abatement Agreement as set forth in paragraph (g), the Abatement is hereby approved and adopted subject to the following terms and conditions: (a)The City will pay the Abatement in the amount, at the time, and in accordance with the terms and conditions set forth in the Tax Abatement Agreement. (b)In accordance with Section 469.1813, subdivision 8 of the Abatement Act, in no year shall the Abatement, together with all other abatements approved by the City under the Tax Abatement Act and paid in that year exceed the greater of 10% of the net tax capacity of the City for that year or $200,000 (the “Abatement Cap”). The City may grant other abatements permitted under the Tax Abatement Act after the date of this resolution, provided that to the extent the total abatements in any year exceed the Abatement Cap, the allocation of Abatement Cap to such other abatements is subordinate to the Abatement granted pursuant to this resolution. (c)The Abatement will have a maximum term of 20 years, unless terminated or amended under the terms of the Tax Abatement Agreement or in accordance with State law. 2 Qbhf!442!pg!623 (d)In no event shall the annual payment of the Abatement to the Developer exceed 80% of the Abatement Cap which may be paid by the City under the Tax Abatement Act, as set forth in the Tax Abatement Agreement. (e)In accordance with Section 469.1815 of the Tax Abatement Act, the City will add to its levy in each year during the term of the Abatement the total estimated amount of current year Abatement granted under this Abatement Resolution. (f)The City makes no warranties or representations regarding the amount or availability of the Abatement in any year or during the Abatement Period. (g)The provision of the Abatements to the Developer is conditioned on and subject to the Tax Abatement Agreement, which addresses, among other things, the terms under which the Developer will construct the Project and the terms and conditions under which the City will provide the Abatement to the Developer. In the event of a conflict between this resolution and the Tax Abatement Agreement, the terms of the Tax Abatement Agreement shall prevail. The Abatement shall be provided to the Developer pursuant to the terms and conditions of the Tax Abatement Agreement. 3.03.The City Council hereby approves the Tax Abatement Agreement in substantially the form attached hereto as Exhibit A, and the Mayor and City Clerk are hereby authorized and directed to execute the Tax Abatement Agreement on behalf of the City. The execution of the Tax Abatement Agreement by the appropriate officers of the City shall be conclusive evidence of the approval of the Tax Abatement Agreement in accordance with the terms hereof. 3.04.Terms used in this Abatement Resolution but not defined herein shall have the meanings given to them in the Tax Abatement Agreement or the Tax Abatement Act. Section 4.Effective Date. This resolution is effective upon execution in full of the Tax Abatement Agreement. ADOPTED on June 20, 2023 by the City Council of the City of Rosemount, Minnesota. ______________________________ Jeffrey D. Weisensel, Mayor ATTEST: _____________________________________ Erin Fasbender, City Clerk 3 Qbhf!443!pg!623 EXHIBIT A Form of Tax Abatement Agreement A-1 Qbhf!444!pg!623 Execution Copy TAX ABATEMENT AGREEMENT BY AND BETWEEN CITY OF ROSEMOUNT, MINNESOTA AND JIMNIST LLC This document drafted by: KENNEDY & GRAVEN, CHARTERED (RHB) 150 South Fifth Street Suite 700 Minneapolis, MN 55402 (612) 337-9300 RS220-439-847280.v8 Qbhf!445!pg!623 TABLE OF CONTENTS (to be updated) PAGE Preamble and Recitals......................................................................................................................1 ARTICLE I Definitions Section 1.1Definitions................................................................................................................1 ARTICLE II Representations and Warranties Section 2.1Representations and Warranties of the City.............................................................3 Section 2.2Representations and Warranties of the Developer...................................................3 ARTICLE III Undertakings by Developer and City Section 3.1The Project...............................................................................................................4 Section 3.2Transfer the Project and Assignment of Agreement................................................4 Section 3.3Real Property Taxes.................................................................................................4 Section 3.4Abatement Amount..................................................................................................5 Section 3.5Abatement Period.....................................................................................................5 Section 3.6Limitations on Undertaking of the City...................................................................5 Section 3.7Additional Limitations.............................................................................................5 ARTICLE IV Abatement Amount; No Business Subsidy Section 4.1Calculation of Abatement........................................................................................6 Section 4.2Applies Solely to Project.........................................................................................6 Section 4.3No Business Subsidy...............................................................................................6 ARTICLE V Developer Events of Default Section 5.1Developer Events of Default Defined......................................................................6 Section 5.2Remedies on Default................................................................................................7 Section 5.3No Remedy Exclusive..............................................................................................7 Section 5.4No Implied Waiver..................................................................................................7 Section 5.5No Personal Obligations..........................................................................................7 -i- RS220-439-847280.v8 Qbhf!446!pg!623 ARTICLE VI City Events of Default Section 6.1City Events of Default Defined................................................................................8 Section 6.2Remedies on Default................................................................................................8 Section 6.3No Remedy Exclusive..............................................................................................8 ARTICLE VII Additional Provisions Section 7.1Conflicts of Interest..................................................................................................8 Section 7.2Titles of Articles and Sections.................................................................................8 Section 7.3Notices and Demands..............................................................................................9 Section 7.4Counterparts.............................................................................................................9 Section 7.5Law Governing........................................................................................................9 Section 7.6Term.........................................................................................................................9 Section 7.7Recording.................................................................................................................9 Section 7.8Developer’s Option to Terminate............................................................................9 Section 7.9Provisions Surviving Rescission or Expiration......................................................10 Section 7.10Payment of Fees.....................................................................................................10 Section 7.11Compliance............................................................................................................10 Section 7.12Joint Authorship.....................................................................................................10 EXHIBIT ADESCRIPTION OF ABATEMENT PROPERTY EXHIBIT BFORM OF RECORDABLE MEMORANDUM OF AGREEMENT -ii- RS220-439-847280.v8 Qbhf!447!pg!623 TAX ABATEMENT AGREEMENT THIS TAX ABATEMENT AGREEMENT is made as of the ______ day of __________, 2023 (“Effective Date”), by and between the City of Rosemount, a municipal corporation under the laws of Minnesota (the “City”), and Jimnist LLC, a Delaware limited liability company (the “Developer”). WITNESSETH: WHEREAS, the Developer has requested tax abatement assistance from the City in connection with the construction and operation of a technology campus; and WHEREAS, pursuant to Minnesota Statutes, sections 469.1812 through 469.1815, as amended, the City has established an Abatement Program to offer such assistance; and WHEREAS, the City believes that providing the assistance requested by the Developer and fulfillment of this Agreement are vital and are in the best interests of the City, will enhance the tax base, provide employment opportunities in the community, help construct public facilities and is in accordance with the public purpose and provisions of the applicable State and local laws and requirements under which the technology campus will be undertaken. NOW, THEREFORE, in consideration of the premises and the mutual obligations of the parties hereto, each of them does hereby covenant and agree with the other as follows: ARTICLE I DEFINITIONS Section 1.1 Definitions. All capitalized terms used herein shall have the following meanings unless a different meaning clearly appears from the context: “Abatement” means the amount of the Available Tax paid to the Developer pursuant to the Abatement Program. “Abatement Period” means the term over which Abatements may be paid to the Developer, beginning in the Initial Year and extending for 20 years thereafter. “Abatement Program” means the actions by the City pursuant to the Tax Abatement Act undertaken in support of the Project, including this Agreement and the Abatement Resolution. “Abatement Property” means the real property legally defined in Exhibit A as improved by the construction of the Project. “Abatement Resolution” means the resolution adopted by the City on June 20, 2023 authorizing the Abatement Program and payment of Abatements thereunder. RS220-439-847280.v8 Qbhf!448!pg!623 “Agreement” means this Tax Abatement Agreement, as the same may be from time to time modified, amended or supplemented. “Annual Adjustment” means, starting the year following the Initial Year, the adjustment of the Retained Amount each year by the greater of the percentage equal to the actual change in the CPI from the previous year or 3%. “Available Tax” means 100% of the City’s share of real estate taxes generated by the Abatement Property each year and paid by the County to the City during the Abatement Period. “City” means the City of Rosemount, Minnesota. “City Event of Default” means any of the events described in Section 6.1 hereof. “County” means Dakota County, Minnesota. “CPI” means the consumer price index for all urban consumers for the Minneapolis-St. Paul-Bloomington MN–WI area as determined by the United States Department of Labor. “Developer” means Jimnist LLC, a Delaware limited liability company. “Developer Event of Default” means any of the events described in Section 5.1 hereof. “Final Payment Date” means the first February 1 immediately following the end of the Abatement Period, unless there is an earlier date under the terms of this Agreement or State law. “Initial Year” means the year in which the City issues the certificate of occupancy for the first non-temporary building of the Project. “Land Use Entitlements” means the Planned Unit Development, rezoning and other land use approvals granted or to be granted by the City involving the Project. “Maximum Abatement” means, in any year during the Abatement Period, an Abatement no greater than 8% of the City’s net tax capacity, or as otherwise limited by State law. “Payment Dates” means August 1 in the year immediately following the Initial Year and each February 1 and August 1 thereafter to and including the Final Payment Date. “Planned Unit Development” means the Planned Unit Development (PUD) Master Development Plan with Rezoning approved by the City Council of the City on March 21, 2023. “Project” means the construction of a technology campus on the Abatement Property, as contemplated by the Planned Unit Development and all final site and building plans the City subsequently approves based on the approved Planned Unit Development, consisting generally of principal and auxiliary buildings totaling up to an aggregate of 1,000,000 square feet. “Retained Amount” means the portion of the Available Tax retained by the City and not paid to the Developer as an Abatement. 2 RS220-439-847280.v8 Qbhf!449!pg!623 “State” means the State of Minnesota. “Tax Abatement Act” means Minnesota Statutes, sections 469.1812 through 469.1815, as amended. “Tax Appeal” means any petition or other action to seek a reduction in market value or property taxes on any portion of the Abatement Property under any State or other applicable law or procedure. ARTICLE II REPRESENTATIONS AND WARRANTIES Section 2.1 Representations and Warranties of the City. The City makes the following representations and warranties: (a)The City is a municipal corporation and statutory city under the laws of Minnesota and has the power to enter into this Agreement and carry out its obligations hereunder. (b)The Abatement Program was created, adopted and approved in accordance with the Tax Abatement Act. (c)The City has made the findings required by the Tax Abatement Act regarding the Abatement Program and has adopted the Abatement Resolution following a public hearing. Section 2.2 Representations and Warranties of the Developer. The Developer makes the following representations and warranties: (a)The Developer is a limited liability company, duly organized, existing and in good standing under the laws of Delaware, has the power to enter into this Agreement and to perform its obligations hereunder and carry out the covenants contained herein. (b)If constructed, the Developer will cause the Project to be undertaken in accordance with the terms of this Agreement, the Land Use Entitlements and all applicable City, State and federal laws and regulations. (c)Neither the execution and delivery of this Agreement, the consummation of the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and conditions of this Agreement is prevented, limited by or conflicts with or results in a breach of, the terms, conditions or provisions of any organizational document, contractual restriction, evidence of indebtedness, agreement or instrument of whatever nature to which the Developer is now a party or by which it is bound, or constitutes a default under any of the foregoing. (d)The Project would not be undertaken by the Developer without the assistance and benefit to the Developer provided for in this Agreement and under the Abatement Program. 3 RS220-439-847280.v8 Qbhf!44:!pg!623 (e)The Developer will reasonably cooperate with the City with respect to any litigation brought by a third party against the City and involving the Abatement Program. ARTICLE III UNDERTAKINGS BY DEVELOPER AND CITY Section 3.1 The Project. (a) On March 21, 2023, the City adopted an ordinance rezoning the Abatement Property from AG–Agricultural to BP PUD-Business Park Planned Unit Development and a resolution approving the Planned Unit Development. Additional Land Use Entitlements required before commencement of the Project are envisioned to include final site and building plan approvals and a plat of the Abatement Property. (b)After the initial construction of the Project, any future additions to or expansion of the Project which cause a further increase in the total interior square footage of the Project by more than the 1,000,000 square feet allowed under the Planned Unit Development, shall not be subject to the Abatement Program. (c)In connection with the Project, if constructed, the Developer plans to create 5 jobs, paying at least 200% of the State minimum wage for the year in which each such job was created (which for calendar year 2023 is $21.18 per hour), within 2 years following the Initial Year. Section 3.2 Transfer of the Project and Assignment of Agreement. The Developer represents and agrees that prior to the expiration of the Abatement Period or earlier termination of this Agreement, the Developer shall not assign this Agreement in conjunction with a transfer of the Abatement Property or any part thereof or any interest therein without the prior written consent of the City, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however, that any such transfer or assignment to an affiliate of the Developer shall not require the prior written consent of the City. In the case of a transfer occurring after commencement of construction of any building within the Project but prior to completion of such building, the City shall be entitled to reasonably require as a condition to any such consent required hereunder that any proposed transferee have the financial ability (either itself or with the assistance of one or more guarantors), in the reasonable judgment of the City, necessary and adequate to complete the construction of such building as and to the extent required under this Agreement. The City shall also be entitled to require that any proposed transferee, by instrument in writing reasonably satisfactory to the City, expressly assume this Agreement and agree to be subject to all the terms and conditions of this Agreement. Section 3.3 Real Property Taxes. (a)The Developer agrees that during the Abatement Period it will not cause a reduction in the real property taxes paid in respect of the Abatement Property through willful destruction of the Project or any part thereof. The Developer also agrees that it will not, during the Abatement Period, transfer or permit transfer of the Abatement Property to any entity whose ownership or 4 RS220-439-847280.v8 Qbhf!451!pg!623 operation of the property would result in the Abatement Property being exempt from real property taxes under State law. (b)The Developer shall notify the City within 30 days of filing any Tax Appeal. If as of any Payment Date, any Tax Appeal is then pending, the City will continue to pay any Abatement due but only to the extent that the Abatement relates to property taxes paid with respect to the market value of the Abatement Property not being challenged as part of the Tax Appeal as determined by the City in its sole discretion and the City will withhold any Abatement otherwise due related to property taxes paid with respect to the market value of the Abatement Property being challenged as part of the Tax Appeal as determined by the City in its sole discretion. The City will pay to the Developer any withheld Abatement to the extent not reduced as a result of the Tax Appeal after the Tax Appeal is fully resolved and the amount of Abatement attributable to the disputed tax payments is finalized. Nothing in this Section 3.3(b) shall be deemed to limit the Developer’s right to challenge or oppose, pursuant to any applicable law or procedure, the imposition of any other taxes, fees, or other governmental charges, including, without limitation, franchise fees, imposed by any governmental authority on the Developer, the Abatement Property, or the Project. Section 3.4 Abatement Amount. The City agrees to pay the Developer the Abatement in such amounts on the Payment Dates and as provided in this Agreement. Section 3.5 Abatement Period. (a) The Abatement Period shall exist for a period of 20 years beginning with real estate taxes payable in the year following the Initial Year. On each Payment Date to and including the Final Payment Date, the City shall pay the Developer the Abatement received by the City in the previous 6 months, if any. (b)The parties acknowledge that the City may offer an Abatement Period of 20 years only because the City requested in writing that Independent School District No. 196 (Rosemount- Apple Valley-Eagan) participate in the Abatement Program and the school district has declined in writing to do so. If the school district subsequently decides to grant a tax abatement regarding the Project, the Abatement Program will be modified and the Abatement Period shortened in accordance with Section 469.1813, subd. 6(b) of the Tax Abatement Act. Section 3.6 Limitations on Undertaking of the City. The City shall have no obligation to pay any Abatement to the Developer for the Project, if the City, at the time or times such payment is to be made, is entitled under Section 5.2 to exercise any of the remedies set forth therein as a result of a Developer Event of Default which has not been cured. Section 3.7 Additional Limitations. (a) The pledge of Abatements is subject to all the terms and conditions of the Abatement Resolution approved by the City on June 20, 2023. The City makes no warranties or representations as to the amount of any Abatement which may or will be available to the Developer. Any estimates of Abatement amounts prepared by the City or the ’s financial consultants are for the benefit of the City only, and the Developer is not entitled to rely on such estimates. 5 RS220-439-847280.v8 Qbhf!452!pg!623 (b)The Developer further acknowledges that the total Maximum Abatement payable by the City in any year may not exceed 8% of the City’s net tax capacity for that year, all pursuant to Section 469.1813, subdivision 8 of the Tax Abatement Act. The City does not warrant or represent that any Abatement otherwise payable under this Agreement will be within the Maximum Abatement. ARTICLE IV ABATEMENT AMOUNT; NO BUSINESS SUBSIDY Section 4.1 Calculation of Abatement. The Retained Amount in the Initial Year shall be the lesser of the Available Tax or $1,000,000. Any amount exceeding the Retained Amount shall be paid by the City to the Developer on the Payment Dates as the Abatement. Beginning the year following the Initial Year and continuing thereafter during the Abatement Period, the Retained Amount shall be subject to the Annual Adjustment. In no year shall the Abatement exceed the Maximum Abatement. Section 4.2 Applies Solely to Project. The Abatement offered under the Abatement Program and this Agreement applies solely to the Project as defined and limited herein. Subject to Section 3.1(b), improvements constructed on the Abatement Property above and beyond the scope of what is approved in the Land Use Entitlements are not included within the Project and are not subject to the Abatement or this Agreement. Section 4.3 No Business Subsidy. Based on the expected assessed valuation of the Project upon completion and accounting for expected increases in Available Tax and the Annual Adjustment of the Retained Amount, the parties anticipate that the aggregate Abatements paid to the Developer during the Abatement Period under the Abatement Program will be $0. As such, the parties agree the Abatement Program does not constitute a business subsidy within the meaning of Minnesota Statutes, Sections 116J.993 through 116J.995, as amended. ARTICLE V DEVELOPER EVENTS OF DEFAULT Section 5.1 Developer Events of Default Defined. The following shall be “Developer Events of Default” under this Agreement and the term “Developer Event of Default” shall mean whenever it is used in this Agreement any one or more of the following events: (a)Except with regard to any amount subject to a Tax Appeal or the payment of which has been stayed by any other procedure under applicable law, failure by the Developer to timely pay any ad valorem real property taxes, special assessments, or other governmental impositions with respect to the Abatement Property. (b)If constructed, the failure by the Developer to cause the Project to be constructed pursuant to the terms, conditions and limitations of the Land Use Entitlements and this Agreement. 6 RS220-439-847280.v8 Qbhf!453!pg!623 (c)Failure by the Developer to observe or perform any other covenant, condition, obligation or agreement on its part to be observed or performed under this Agreement, including but not limited to the payment of fees under Section 7.10 of this Agreement. Section 5.2 Remedies on Default. Whenever any Developer Event of Default referred to in Section 5.1 occurs and is continuing, the City, may take any one or more of the following actions after the giving of written notice to the Developer citing with specificity the item or items of default and notifying the Developer that it has 90 days within which to cure said Developer Event of Default or commence and diligently pursue such Developer Event of Default if the Developer is unable to cure within such 90 day period and Developer is diligently pursuing and can demonstrate progress toward curing the default. If the Developer is unable to cure or commence a cure for the Developer Event of Default within said 90 days as required above, the City may: (a)Suspend its performance under this Agreement until it receives assurances from the Developer, deemed reasonably adequate by the City, that the Developer will cure its default and continue its performance under this Agreement; or (b)collect any payments due under the Tax Abatement Act. Section 5.3 No Remedy Exclusive. No remedy herein conferred upon or reserved to the City is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given solely under this Agreement. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof but any such right and power may be exercised from time to time and as often as may be deemed expedient. Section 5.4 No Implied Waiver. In the event any covenant contained in this Agreement should be breached by any party and thereafter waived by the other party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other concurrent, previous or subsequent breach hereunder. Section 5.5 No Personal Obligations. All covenants, stipulations, promises, agreements and obligations of the City or the Developer contained herein shall be deemed to be the covenants, stipulations, promises, agreements and obligations of the City or the Developer, as applicable, and not of any governing body member, officer, agent, servant or employee of the City or the Developer, as applicable, in the individual capacity thereof. 7 RS220-439-847280.v8 Qbhf!454!pg!623 ARTICLE VI CITY EVENTS OF DEFAULT Section 6.1 City Events of Default Defined. The following shall be “City Events of Default” under this Agreement and the term “City Event of Default” shall mean whenever it is used in this Agreement any one or more of the following events: (a)Failure by the City to timely pay any Abatement due on any Payment Date. (b)Failure by the City to observe or perform any other covenant, condition, obligation or agreement on its part to be observed or performed under this Agreement. Section 6.2 Remedies on Default. Whenever any City Event of Default referred to in Section 6.1 occurs and is continuing, the Developer, may take any one or more of the following actions after the giving of written notice to the City citing with specificity the item or items of default and notifying the City that it has 90 days within which to cure said City Event of Default or commence and diligently pursue such City Event of Default if the City is unable to cure within such 90 day period and City is diligently pursuing and can demonstrate progress toward curing the default. If the City is unable to cure or commence a cure for the City Event of Default within said 90 days as required above, the Developer may seek monetary damages or specific performance as remedies. Section 6.3 No Remedy Exclusive. No remedy herein conferred upon or reserved to the Developer is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given solely under this Agreement. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof but any such right and power may be exercised from time to time and as often as may be deemed expedient. ARTICLE VII ADDITIONAL PROVISIONS Section 7.1 Conflicts of Interest. No member of the governing body or other official of the City shall participate in any decision relating to this Agreement which affects his or her personal interests or the interests of any corporation, partnership or association in which he or she is directly or indirectly interested. No member, official or employee of the City shall be personally liable to the City in the event of any default or breach by the Developer or successor of any obligations under the terms of this Agreement. Section 7.2 Titles of Articles and Sections. Any titles of the several parts, articles and sections of this Agreement are inserted for convenience of reference only and shall be disregarded in construing or interpreting any of its provisions. 8 RS220-439-847280.v8 Qbhf!455!pg!623 Section 7.3 Notices and Demands. Except as otherwise expressly provided in this Agreement, a notice, demand or other communication under this Agreement by either party to the other shall be sufficiently given or delivered if it is dispatched by reputable overnight courier, registered or certified mail, postage prepaid, return receipt requested, or delivered personally to: (a)in the case of the Developer:Jimnist LLC c/o Taft Stettinius & Hollister LLP 2200 IDS Center th 80 South 8 Street Minneapolis, MN 55402-2157 Attention: Daniel Burns (b)in the case of the City:City of Rosemount th 2875 145 Street W. Rosemount, MN 55068 Attention: City Administrator and with a copy to: Kennedy and Graven, Chartered 150 South Fifth Street Suite 700 Minneapolis, MN 55402 Attention: Rosemount City Attorney or at such other address with respect to any such party as that party may, from time to time, designate in writing and forward to the other, as provided in this Section. Section 7.4 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall constitute one and the same instrument. Section 7.5 Law Governing. This Agreement will be governed and construed in accordance with the laws of the State. Section 7.6 Term. This Agreement shall remain in effect commencing on the Effective Date until the Final Payment Date, unless earlier terminated or rescinded in accordance with its terms or State law. Section 7.7 Recording. A recordable Memorandum of Agreement, in substantially the form attached hereto as Exhibit B, shall be completed and recorded in the land records of the County, subsequent to the replatting of the Abatement Property, and shall state that the terms and conditions of this Agreement run with the Abatement Property and bind and inure to the benefit of the parties and their successors and assigns. Section 7.8 Developer’s Option to Terminate. The Developer shall have the option to terminate this Agreement for any reason that causes the Project to no longer be viable for the Developer, determined by the Developer in its sole discretion. 9 RS220-439-847280.v8 Qbhf!456!pg!623 Section 7.9 Provisions Surviving Rescission or Expiration. Section 5.5 shall survive any rescission, termination or expiration of this Agreement with respect to or arising out of any event, occurrence or circumstance existing prior to the date thereof. Section 7.10 Payment of Fees. The Developer agrees to reimburse the City for all actual and reasonable legal, financial advisory, engineering and other fees incurred in connection with the establishment of the Abatement Program and the drafting and negotiating of the Abatement Resolution and this Agreement. Section 7.11 Compliance. (a) In connection with the negotiation and performance of this Agreement, the parties, represent, warrant and covenant that they will comply with all applicable anti-corruption laws, rules, and regulations. (b) Both parties will cooperate in good faith to review any compliance matters that arise during the performance of the Agreement, subject to compliance with applicable laws, including data protection laws, and their own internal policies and procedures. Section 7.12 Joint Authorship. This Agreement has been drafted through the joint efforts of the parties and no ambiguity or inconsistency shall be construed against either party by virtue of authorship. * * * * * * * * * * * * 10 RS220-439-847280.v8 Qbhf!457!pg!623 IN WITNESS WHEREOF, the City has caused this Agreement to be duly executed in its name and on its behalf, and the Developer has caused this Agreement to be duly executed in its name and on its behalf, on or as of the date first above written. JIMNIST LLC By: Its: S-1 RS220-439-847280.v8 Qbhf!458!pg!623 CITY OF ROSEMOUNT By Mayor By City Clerk S-2 RS220-439-847280.v8 Qbhf!459!pg!623 EXHIBIT A DESCRIPTION OF ABATEMENT PROPERTY The Abatement Property includes parcels 34-02600-70-013 and 34-03500-01-011, Dakota County, Minnesota. The parties anticipate that the above land will be replatted and a portion of it used to construct the Project. After recording the plat, the Abatement Property will be legally described as such. A-1 RS220-439-847280.v8 Qbhf!45:!pg!623 EXHIBIT B FORM OF RECORDABLE MEMORANDUM OF AGREEMENT MEMORANDUM OF TAX ABATEMENT AGREEMENT THIS MEMORANDUM OF TAX ABATEMENT AGREEMENT (this “Memorandum”), dated _________, 2023, is made by and between the City of Rosemount, a municipal corporation under the laws of Minnesota (the “City”) and Jimnist LLC, a Delaware limited liability company (the “Developer”). RECITALS: A.City and Developer are parties to that certain Tax Abatement Agreement (the “Agreement”) dated ___________, 2023 (“Effective Date”), which affects real property located in Dakota County, Minnesota legally described on Exhibit A attached hereto (“Abatement Property”). B.City and Developer wish to memorialize and record the existence of the Agreement and certain specific terms of the same. AGREEMENT: NOW THEREFORE, in consideration of the Agreement and other good and valuable consideration, City and Developer agree as follows: 1.All capitalized terms not defined herein shall have the meaning given to them by the Agreement. The original executed Agreement shall be on file with the City. 2.Pursuant and subject to the terms and conditions of the Agreement, the City shall provide the Abatement derived from the Abatement Property during the Abatement Period, resulting from the construction of the Project, to the Developer. 3.The Abatement Period begins the year in which the City issues the certificate of occupancy for the first non-temporary building of the Project and extends for 20 years thereafter. 4.The Agreement is in effect commencing on the Effective Date until the first February 1 immediately following the end of the Abatement Period, unless earlier terminated or rescinded in accordance with the terms of the Agreement or State law. B-1 RS220-439-847280.v8 Qbhf!461!pg!623 5.The terms and conditions of the Agreement run with the Abatement Property, and shall be binding upon and inure to the benefit of the parties and their successors and assigns. 6.This Memorandum of Tax Abatement Agreement has been executed and delivered by the parties for the purpose of recording and giving notice that a contractual relationship for tax abatement involving the Abatement Property has been created between the City and the Developer in accordance with the terms, covenants and conditions of the Agreement. Nothing herein shall be construed to amend, modify, change, alter, amplify, interpret or supersede any of the terms and provision of the Agreement, which shall in all things control. 7.The terms and conditions of the Agreement are incorporated by reference into this Memorandum of Tax Abatement Agreement as if set forth fully herein at length. 8.The parties hereto agree that this Memorandum satisfies Section 7.7 of the Agreement, which requires that a Memorandum of Agreement be completed and recorded in the land records of the County. \[The remainder of this page is intentionally left blank.\] B-2 RS220-439-847280.v8 Qbhf!462!pg!623 IN WITNESS WHEREOF, the City has caused this Memorandum to be duly executed in its name and on its behalf, and the Developer has caused this Memorandum to be duly executed in its name and on its behalf, on or as of the date first above written. JIMNIST LLC By: Its: STATE OF __________) ) ss. COUNTY OF _________) The foregoing instrument was executed before me this _____ day of _______________, 2023, by _________________________, the _____________________ of Jimnist LLC, a Delaware limited liability company, on behalf of the company. ____________________________________ Notary Public B-3 RS220-439-847280.v8 Qbhf!463!pg!623 CITY OF ROSEMOUNT By Mayor By City Clerk STATE OF MINNESOTA) ) ss. COUNTY OF DAKOTA) The foregoing instrument as acknowledged before me this _____ day of ____________, 2023, by _______________________ and ___________________, the Mayor and City Clerk, respectively, of the City of Rosemount, a municipal corporation under the laws of Minnesota, on behalf of the municipal corporation. ____________________________________ ___________________ Notary Public This document drafted by: KENNEDY & GRAVEN, CHARTERED (RHB) 150 South Fifth Street Suite 700 Minneapolis, MN 55402 (612) 337-9300 B-4 RS220-439-847280.v8 Qbhf!464!pg!623 Exhibit A Legal Description of Abatement Property B-5 RS220-439-847280.v8 Qbhf!465!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Vacation of Certain Easements in the Prestwick AGENDA SECTION: Place 23rd Addition Plat Area PUBLIC HEARINGS PREPARED BY: Anthony Nemcek , Senior Planner AGENDA NO. 7.c. ATTACHMENTS: Resolution, Site Location, Underlying Easements, APPROVED BY: LJM Vacation Exhibits, Prestwick Place 23rd Addition Plat RECOMMENDED ACTION: Motion to adopt a resolution approving the vacation of certain easements rd within the Prestwick Place 23 Addition plat, subject to the inclusion of new easements on the recorded plat. BACKGROUND rd The City Council approved the Prestwick Place 23 Addition final plat at its meeting on March 7, 2023. This plat is the site of the future Life Time Fitness and other commercial development in the northeast th quadrant of the intersection of Akron Avenue and 145 Street/CSAH 42. Several easements are shown on the plat that were carried over from the underlying easements granted to the City over the years. The City’s engineer is recommending that the underlying easements be vacated and new easements over the same areas be drawn on the plat document that will be recorded with the County. Primarily, it is a matter of cleanup to add clarity both during the title rd process for future transfers of land within the Prestwick Place 23 Addition plat area and when rd development occurs in the outlots of Prestwick Place 23 Addition. Copies of the original easements are included in the attachments to provide context for the Council to see the cumbersome descriptions and to understand the benefit of providing the easements on the plat, rather than standalone documents recorded against the property. RECOMMENDATION rd Staff is recommending approval of the vacation of existing easements in the Prestwick Place 23 rd Addition plat area, subject to the dedication of new easements on the Prestwick Place 23 Addition plat. Qbhf!466!pg!623 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2023-XX A RESOLUTION APPROVING THE VACATION OF CERTAIN EASEMENTS WITHIN RD PRESTWICK PLACE 23 ADDITION WHEREAS, the City Engineer for the City of Rosemount is recommending the vacation certain underlying RD public easements within PRESTWICK PLACE 23 ADDITION. RD WHEREAS, the easements being vacated will be drawn on the recorded PRESTWICK PLACE 23 ADDITION PLAT; and WHEREAS, the City Council reviewed this request and conducted a public hearing on June 20, 2023. NOW, THEREFORE, BE IT RESOLVED, the Council of the City of Rosemount hereby approves the Vacation of the Public Easements, legally described as: All of those easements granted in Doc. No. 2705686 lying within Outlot B, PRESTWICK PLACE 23RD ADDITION, according to the recorded plat thereof, Dakota County, Minnesota. And All of those easements granted in Doc. No. 2600995 lying within Outlot A and Outlot B, PRESTWICK PLACE 23RD ADDITION, according to the recorded plat thereof, Dakota County, Minnesota. And All of those easements granted in Doc. No. 424653 lying within Outlot B, Outlot C and Aspen Avenue, PRESTWICK PLACE 23RD ADDITION, according to the recorded plat thereof, Dakota County, Minnesota. And All of those easements granted in Doc. No. 2285919 lying within Outlot B, Outlot C, Aspen Avenue and Lot 1, Block 1 PRESTWICK PLACE 23RD ADDITION, according to the recorded plat thereof, Dakota County, Minnesota. th ADOPTED this 20 day of June 2023, by the City Council of the City of Rosemount. __________________________________________ Jeffery D. Weisensel, Mayor ATTEST: ___________________________________ Erin Fasbender, City Clerk Qbhf!467!pg!623 Qbhf!468!pg!623 Qbhf!469!pg!623 Qbhf!46:!pg!623 Qbhf!471!pg!623 Qbhf!472!pg!623 Qbhf!473!pg!623 Qbhf!474!pg!623 Qbhf!475!pg!623 Qbhf!476!pg!623 Qbhf!477!pg!623 Qbhf!478!pg!623 Qbhf!479!pg!623 Qbhf!47:!pg!623 Qbhf!481!pg!623 Qbhf!482!pg!623 Qbhf!483!pg!623 Qbhf!484!pg!623 Qbhf!485!pg!623 Qbhf!486!pg!623 Qbhf!487!pg!623 Qbhf!488!pg!623 Qbhf!489!pg!623 Qbhf!48:!pg!623 Qbhf!491!pg!623 Qbhf!492!pg!623 Qbhf!493!pg!623 Qbhf!494!pg!623 Qbhf!495!pg!623 Qbhf!496!pg!623 Qbhf!497!pg!623 Qbhf!498!pg!623 OUTLOT A PRESTWICK PLACE 23RD ADDITION Utility, Drainage & Ponding Easement per Doc No. 2705686 OUTLOT B VACATION DESCRIPTION All of those easements granted in Doc. No. 2705686 lying within Outlot B, PRESTWICK PLACE 23RD ADDITION, according to the recorded plat thereof, DESIGNED:. Dakota County, Minnesota. CHECKED: . DRAWN:. . FIELD CREW: 0'50'100' FIELD WORK DATE:. N:\\0025685.00\\DWG\\SURVEY\\0025685S-ESF06.DWG SHEET NUMBER: PRESTWICK PLACE 1 EASEMENT OF Phone(952) 937-515012701 Whitewater Drive, Suite #300 23RD ADDITION Fax(952) 937-5822Minnetonka, MN 55343 (888) 937-5150 VACATION 1 ROSEMOUNT, MINNESOTA DATE:06/14/2023 PROJECT NUMBER: 0025685.00 Qbhf!499!pg!623 OUTLOT A PRESTWICK PLACE 23RD ADDITION OUTLOT B VACATION DESCRIPTION All of those easements granted in Doc. No. 2600995 lying within Outlot A and Outlot B, PRESTWICK PLACE 23RD ADDITION, according to the recorded plat thereof, Dakota County, Minnesota. DESIGNED:. CHECKED: . DRAWN:. . FIELD CREW: 0'100'200' FIELD WORK DATE:. N:\\0025685.00\\DWG\\SURVEY\\0025685S-ESF07.DWG SHEET NUMBER: PRESTWICK PLACE 1 EASEMENT OF Phone(952) 937-515012701 Whitewater Drive, Suite #300 23RD ADDITION Fax(952) 937-5822Minnetonka, MN 55343 (888) 937-5150 VACATION 1 ROSEMOUNT, MINNESOTA DATE:06/14/2023 PROJECT NUMBER: 0025685.00 Qbhf!49:!pg!623 Qbhf!4:1!pg!623 OUTLOT A LOT 1 Drainage & Utility Easement BLOCK 1 per Doc No. 2285919 PRESTWICK PLACE 23RD ADDITION OUTLOT C ASPEN AVENUE OUTLOT B Drainage & Utility Easement per Doc No. 2285919 VACATION DESCRIPTION All of those easements granted in Doc. No. 2285919 lying within Outlot B, Outlot C, Aspen Avenue and Lot 1, Block 1 PRESTWICK PLACE 23RD ADDITION, according to the recorded plat thereof, Dakota County, Minnesota. DESIGNED:. CHECKED: . DRAWN:. . FIELD CREW: 0'200'400' FIELD WORK DATE:. N:\\0025685.00\\DWG\\SURVEY\\0025685S-ESF09.DWG SHEET NUMBER: PRESTWICK PLACE 1 EASEMENT OF Phone(952) 937-515012701 Whitewater Drive, Suite #300 23RD ADDITION Fax(952) 937-5822Minnetonka, MN 55343 (888) 937-5150 VACATION 1 ROSEMOUNT, MINNESOTA DATE:06/14/2023 PROJECT NUMBER: 0025685.00 Qbhf!4:2!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Authorizing the Sale of General Obligation Bonds AGENDA SECTION: NEW BUSINESS PREPARED BY: Teah Malecha, Finance Director AGENDA NO. 9.a. ATTACHMENTS: Resolution, Series 2023A Pre-Sale Summary APPROVED BY: LJM RECOMMENDED ACTION: Adopt a Resolution Providing for the Competitive Negotiated Sale of $64,865,000 General Obligation Street Reconstruction and Capital Improvement Plan Bonds, Series 2023A BACKGROUND The City has been finalizing plans and awarding contracts for the Police Department and Public Works Campus that will begin construction this month. The 2023-2027 Capital Improvement Plan presented and adopted at the May 2nd City Council meeting provided preliminary approval on the issuance of bonds for construction. The 2023-2037 Street Reconstruction and Overlay Plan was presented and adopted at the May 16th City Council meeting giving preliminary approval on the issuance of bonds. The plan includes the 2023 Street Improvement Project for the Jay Simmons Addition and the extension of Akron Avenue to further development in the UMore Park area. Staff has been working with the City's financial advisor, Baker Tilly, to structure the sale of General Obligation Capital Improvement Plan Bonds to construct the Police Department and Public Works Campus along with General Obligation Street Reconstruction Bonds for the two street projects. The bonds would be awarded on July 11, 2023 with the closing occurring in August 2023. RECOMMENDATION Staff recommends the City Council adopt a resolution providing for the sale of bonds for the Police Department and Public Works Campus, the street reconstruction project, and the street extension project. Qbhf!4:4!pg!623 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2023-77 A RESOLUTION PROVIDING FOR THE COMPETITIVE NEGOGIATED SALE OF $64,865,000 GENERAL OBLIGATION STREET RECONSTRUCTION AND CAPITAL IMPROVEMENT PLAN BONDS, SERIES 2023A NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Rosemount, Minnesota, as follows: 1.Finding; Amount and Purpose. It is hereby found, determined and declared that the City of Rosemount, Minnesota (the “City”), should issue $64,865,000 General Obligation Street Reconstruction and Capital Improvement Plan Bonds, Series 2023A, to finance certain public improvements in accordance with its Capital Improvements Plan including a new police and public works facility and various street and related utility improvement projects within the City. 2.Meeting. This City Council shall meet on the date and at the time and place specified in the form of Terms of Proposal attached hereto as Exhibit A for the purpose of awarding the sale of the Bonds. 3.Competitive Negotiated Sale. The City has retained Baker Tilly Municipal Advisors, LLC (“Baker Tilly MA”) as an independent municipal advisor, and the City Council hereby determines to sell the Bonds by private negotiation, by way of a competitive sale in response to Terms of Proposal for the Bonds which are not published in any newspaper or journal. 4.Terms of Proposal. The terms and conditions of the Bonds and the sale thereof are fully set forth in the “Terms of Proposal” attached hereto as Exhibit A and hereby made a part hereof. 5.Official Statement. The City Finance Director and other officers or employees of the City are hereby authorized to participate with Baker Tilly MA in the preparation of an official statement for the Bonds. The motion for the adoption of the foregoing resolution was duly seconded by member _______________ and, after full discussion thereof and upon a vote being taken thereon, the following voted in favor thereof: and the following voted against the same: Whereupon said resolution was declared duly passed and adopted. 1 RS125-26-867427.v2 Qbhf!4:5!pg!623 STATE OF MINNESOTA) CITY OF ROSEMOUNT) HENNEPIN COUNTY) I, the undersigned, being the duly qualified and acting Clerk of the City of Rosemount (the “City”), DO HEREBY CERTIFY that I have carefully compared the attached and foregoing extract of minutes with the original minutes of a meeting of the City Council called and held on the date therein indicated, which are on file and of record in my office, and the same is a full, true and complete transcript there from insofar as the same relates to the City’s $64,865,000 General Obligation Street Reconstruction and Capital Improvement Plan Bonds, Series 2023A. WITNESS my hand as such Clerk of the City this ____ day of _________, 2023. _______________________________________ City Clerk 2 RS125-26-867427.v2 Qbhf!4:6!pg!623 EXHIBIT A THE CITY HAS AUTHORIZED BAKER TILLY MUNICIPAL ADVISORS, LLC TO NEGOTIATE THIS ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS: TERMS OF PROPOSAL $64,865,000* CITY OF ROSEMOUNT, MINNESOTA GENERAL OBLIGATION STREET RECONSTRUCTION AND CAPITAL IMPROVEMENT PLAN BONDS, SERIES 2023A (BOOK ENTRY ONLY) Proposals for the above-referenced obligations (the “City Bonds”) will be received by the City of Rosemount, Minnesota (the “City”) on Tuesday, July 11, 2023 (the “Sale Date”) until 10:00 A.M., Central Time (the “Sale th ”) at the offices of Baker Tilly Municipal Advisors, LLC (“Baker Tilly MA”), 30 East 7 Street, Suite 3025, Saint Paul, MN 55101, after which time proposals will be opened and tabulated. Consideration for award of the City Bonds will be by the City Council at its meeting commencing at 7:00 P.M., Central Time, of the same day. SUBMISSION OF PROPOSALS Baker Tilly MA will assume no liability for the inability of a bidder or its proposal to reach Baker Tilly MA prior to the Sale Time, and neither the City nor Baker Tilly MA shall be responsible for any failure, misdirection or error in the means of transmission selected by any bidder. All bidders are advised that each proposal shall be deemed to constitute a contract between the bidder and the City to purchase the City Bonds regardless of the manner in which the proposal is submitted. (a) Sealed Bidding. Completed, signed proposals may be submitted to Baker Tilly MA by email to bids@bakertilly.com, and must be received prior to the Sale Time. OR ® (b) Electronic Bidding. Proposals may also be received via PARITY. For purposes of the electronic bidding ® process, the time as maintained by PARITY shall constitute the official time with respect to all proposals submitted ®® to PARITY. Each bidder shall be solely responsible for making necessary arrangements to access PARITY for purposes of submitting its electronic proposal in a timely manner and in compliance with the requirements of the ® Terms of Proposal. Neither the City, its agents, nor PARITY shall have any duty or obligation to undertake registration to bid for any prospective bidder or to provide or ensure electronic access to any qualified prospective ® bidder, and neither the City, its agents, nor PARITY shall be responsible for a bidder’s failure to register to bid or for any failure in the proper operation of, or have any liability for any delays or interruptions of or any damages ®® caused by the services of PARITY. The City is using the services of PARITY solely as a communication ® mechanism to conduct the electronic bidding for the City Bonds, and PARITY is not an agent of the City. ® If any provisions of this Terms of Proposal conflict with information provided by PARITY, this Terms of Proposal ® shall control. Further information about PARITY, including any fee charged, may be obtained from: ®nd PARITY, 1359 Broadway, 2 Floor, New York, New York 10018 Customer Support: (212) 849-5000 *Preliminary; subject to change. Baker Tilly Municipal Advisors, LLC is a registered municipal advisor and controlled subsidiary of Baker Tilly US, LLP, an accounting firm. Baker Tilly US, LLP trading as Baker Tilly is a member of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. © 2023 Baker Tilly Municipal Advisors, LLC. A-1 Qbhf!4:7!pg!623 DETAILS OF THE CITY BONDS The City Bonds will be dated as of the date of delivery and will bear interest payable on February 1 and August 1 of each year, commencing August 1, 2024. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The City Bonds will mature February 1 in the years and amounts* as follows: 2025$ 110,000 2031$1,425,000 2037$1,980,000 2043$2,575,000 2049$3,410,000 2026$ 765,000 2032$1,470,000 2038$2,115,000 2044$2,690,000 2050$3,565,000 2027$ 790,000 2033$1,520,000 2039$2,250,000 2045$2,825,000 2051$3,740,000 2028$1,295,000 2034$1,630,000 2040$2,260,000 2046$2,960,000 2052$3,930,000 2029$1,325,000 2035$1,735,000 2041$2,350,000 2047$3,100,000 2053$4,125,000 2030$1,370,000 2036$1,850,000 2042$2,460,000 2048$3,245,000 * The City reserves the right, after proposals are opened and prior to award, to increase or reduce the principal amount of the City Bonds or the amount of any maturity or maturities in multiples of $5,000. In the event the amount of any maturity is modified, the aggregate purchase price will be adjusted to result in the same gross spread per $1,000 of City Bonds as that of the original proposal. Gross spread for this purpose is the differential between the price paid to the City for the new issue and the prices at which the proposal indicates the securities will be initially offered to the investing public. BOOK ENTRY SYSTEM The City Bonds will be issued by means of a book entry system with no physical distribution of City Bonds made to the public. The City Bonds will be issued in fully registered form and one City Bond, representing the aggregate principal amount of the City 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 for the City Bonds. Individual purchases of the City 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 City 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 participants will be the responsibility of such participants and other nominees of beneficial owners. The lowest bidder (the “Purchaser”), as a condition of delivery of the City Bonds, will be required to deposit the City Bonds with DTC. REGISTRAR U.S. Bank Trust Company, National Association, Saint Paul, Minnesota will serve as Registrar (the “Registrar”) for the City Bonds, and shall be subject to applicable regulations of the Securities and Exchange Commission. The City will pay for the services of the Registrar. OPTIONAL REDEMPTION The City may elect on February 1, 2032, and on any day thereafter, to redeem City Bonds due on or after February 1, 2033. Redemption may be in whole or in part and if in part at the option of the City and in such manner as the City shall determine. If less than all City Bonds of a maturity are called for redemption, the City will notify DTC of the particular amount of such maturity to be redeemed. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. All redemptions shall be at a price of par plus accrued interest. SECURITY AND PURPOSE The City Bonds will be general obligations of the City for which the City will pledge its full faith and credit and power to levy direct general ad valorem taxes. The proceeds of the City Bonds will be used to finance (i) certain public improvements in accordance with its Capital Improvements Plan, including a new police and public works facility; and (ii) various street and related utility improvement projects. G-2 Qbhf!4:8!pg!623 NOT BANK QUALIFIED TAX-EXEMPT OBLIGATIONS The City will not designate the City Bonds as qualified tax-exempt obligations for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. BIDDING PARAMETERS Proposals shall be for not less than $64,086,620 plus accrued interest, if any, on the total principal amount of the City Bonds. Rates shall be in integral multiples of 1/100 or 1/8 of 1%. The initial price to the public for each maturity as stated on the proposal must be 98.0% or greater. City Bonds of the same maturity shall bear a single rate from the date of the City Bonds to the date of maturity. Proposals for the City Bonds may contain a maturity schedule providing for a combination of serial bonds and term bonds. All term bonds shall be subject to mandatory sinking fund redemption at a price of par plus accrued interest to the date of redemption scheduled to conform to the maturity schedule set forth herein. In order to designate term bonds, the proposal must specify “Years of Term Maturities” in the spaces provided on the proposal form. No proposal can be withdrawn or amended after the time set for receiving proposals on the Sale Date unless the meeting of the City scheduled for award of the City Bonds is adjourned, recessed, or continued to another date without award of the City Bonds having been made. No conditional proposals will be accepted. ESTABLISHMENT OF ISSUE PRICE In order to provide the City with information necessary for compliance with Section 148 of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations promulgated thereunder (collectively, the “Code”), the Purchaser will be required to assist the City in establishing the issue price of the City Bonds and shall complete, execute, and deliver to the City prior to the closing date, a written certification in a form acceptable to the Purchaser, the City, and Bond Counsel (the “Issue Price Certificate”) containing the following for each maturity of the City Bonds (and, if different interest rates apply within a maturity, to each separate CUSIP number within that maturity): (i) the interest rate; (ii) the reasonably expected initial offering price to the “public” (as said term is defined in Treasury Regulation Section 1.148-1(f) (the “Regulation”)) or the sale price; and (iii) pricing wires or equivalent communications supporting such offering or sale price. Any action to be taken or documentation to be received by the City pursuant hereto may be taken or received on behalf of the City by Baker Tilly MA. The City intends that the sale of the City Bonds pursuant to this Terms of Proposal shall constitute a “competitive ” as defined in the Regulation based on the following: (i)the City shall cause this Terms of Proposal to be disseminated to potential bidders in a manner that is reasonably designed to reach potential bidders; (ii)all bidders shall have an equal opportunity to submit a bid; (iii)the City reasonably expects that it will receive bids from at least three bidders that have established industry reputations for underwriting municipal bonds such as the City Bonds; and (iv)the City anticipates awarding the sale of the City Bonds to the bidder who provides a proposal with the lowest true interest cost, as set forth in this Terms of Proposal (See “AWARD” herein). Any bid submitted pursuant to this Terms of Proposal shall be considered a firm offer for the purchase of the City Bonds, as specified in the proposal. The Purchaser shall constitute an “underwriter” as said term is defined in the Regulation. By submitting its proposal, the Purchaser confirms that it shall require any agreement among underwriters, a selling group agreement, or other agreement to which it is a party relating to the initial sale of the City Bonds, to include provisions requiring compliance with the provisions of the Code and the Regulation regarding the initial sale of the City Bonds. A-2 Qbhf!4:9!pg!623 If all of the requirements of a “competitive sale” are not satisfied, the City shall advise the Purchaser of such fact prior to the time of award of the sale of the City Bonds to the Purchaser. In such event, any proposal submitted will not be subject to cancellation or withdrawal. Within twenty-four (24) hours of the notice of award of the sale of the City Bonds, the Purchaser shall advise the City and Baker Tilly MA if 10% of any maturity of the City Bonds (and, if different interest rates apply within a maturity, to each separate CUSIP number within that maturity) has been sold to the public and the price at which it was sold. The City will treat such sale price as the “issue price” for such maturity, applied on a maturity-by-maturity basis. The City will not require the Purchaser to comply with that portion of the Regulation commonly described as the “hold-the-offering-price” requirement for the remaining maturities, but the Purchaser may elect such option. If the Purchaser exercises such option, the City will apply the initial offering price to the public provided in the proposal as the issue price for such maturities. If the Purchaser does not exercise that option, it shall thereafter promptly provide the City and Baker Tilly MA the prices at which 10% of such maturities are sold to the public; provided such determination shall be made and the City and Baker Tilly MA notified of such prices whether or not the closing date has occurred, until the 10% test has been satisfied as to each maturity of the City Bonds or until all of the City Bonds of a maturity have been sold. GOOD FAITH DEPOSIT To have its proposal considered for award, the Purchaser is required to submit a good faith deposit via wire transfer to the City in the amount of $648,650 (the “Deposit”) no later than 1:00 P.M., Central Time on the Sale Date. The Purchaser shall be solely responsible for the timely delivery of its Deposit, and neither the City nor Baker Tilly MA have any liability for delays in the receipt of the Deposit. If the Deposit is not received by the specified time, the City may, at its sole discretion, reject the proposal of the lowest bidder, direct the second lowest bidder to submit a Deposit, and thereafter award the sale to such bidder. A Deposit will be considered timely delivered to the City upon submission of a federal wire reference number by the specified time. Wire transfer instructions will be available from Baker Tilly MA following the receipt and tabulation of proposals. The successful bidder must send an e-mail including the following information: (i) the federal reference number and time released; (ii) the amount of the wire transfer; and (iii) the issue to which it applies. Once an award has been made, the Deposit received from the Purchaser will be retained by the City and no interest will accrue to the Purchaser. The amount of the Deposit will be deducted at settlement from the purchase price. In the event the Purchaser fails to comply with the accepted proposal, said amount will be retained by the City. AWARD The City Bonds will be awarded on the basis of the lowest interest rate to be determined on a true interest cost (TIC) basis calculated on the proposal prior to any adjustment made by the City. The City's computation of the interest rate of each proposal, in accordance with customary practice, will be controlling. The City will reserve the right to: (i) waive non-substantive informalities of any proposal or of matters relating to the receipt of proposals and award of the City Bonds, (ii) reject all proposals without cause, and (iii) reject any proposal that the City determines to have failed to comply with the terms herein. BOND INSURANCE AT PURCHASER'S OPTION The City has not applied for or pre-approved a commitment for any policy of municipal bond insurance with respect to the City Bonds. If the City Bonds qualify for municipal bond insurance and a bidder desires to purchase a policy, such indication, the maturities to be insured, and the name of the desired insurer must be set forth on the bidder’s proposal. The City specifically reserves the right to reject any bid specifying municipal bond insurance, even though such bid may result in the lowest TIC to the City. All costs associated with the issuance and administration of such policy and associated ratings and expenses (other than any independent rating requested by the City) shall be paid by the successful bidder. Failure of the municipal bond insurer to issue the policy after the award of the City Bonds shall not constitute cause for failure or refusal by the successful bidder to accept delivery of the City Bonds. A-3 Qbhf!4::!pg!623 CUSIP NUMBERS If the City Bonds qualify for the assignment of CUSIP numbers such numbers will be printed on the City Bonds; however, neither the failure to print such numbers on any City Bond nor any error with respect thereto will constitute cause for failure or refusal by the Purchaser to accept delivery of the City Bonds. Baker Tilly MA will apply for CUSIP numbers pursuant to Rule G-34 implemented by the Municipal Securities Rulemaking Board. The CUSIP Service Bureau charge for the assignment of CUSIP identification numbers shall be paid by the Purchaser. SETTLEMENT On or about August 1, 2023, the City 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 Kennedy & Graven, Chartered of Minneapolis, Minnesota, and of customary closing papers, including a no-litigation certificate. On the date of settlement, payment for the City Bonds shall be made in federal, or equivalent, funds that shall be received at the offices of the City or its designee not later than 12:00 Noon, Central Time. Unless compliance with the terms of payment for the City Bonds has been made impossible by action of the City, or its agents, the Purchaser shall be liable to the City for any loss suffered by the City by reason of the Purchaser's non-compliance with said terms for payment. CONTINUING DISCLOSURE In accordance with SEC Rule 15c2-12(b)(5), the City will undertake, pursuant to the resolution awarding sale of the City Bonds, to provide annual reports and notices of certain events. A description of this undertaking is set forth in the Official Statement. The Purchaser's obligation to purchase the City Bonds will be conditioned upon receiving evidence of this undertaking at or prior to delivery of the City Bonds. OFFICIAL STATEMENT The City has authorized the preparation of a Preliminary Official Statement containing pertinent information relative to the City Bonds, and said Preliminary Official Statement has been deemed final by the City as of the date thereof within the meaning of Rule 15c2-12 of the Securities and Exchange Commission. For an electronic copy of the Preliminary Official Statement or for any additional information prior to sale, any prospective purchaser is referred to the Municipal Advisor to the City, Baker Tilly Municipal Advisors, LLC, by telephone (651) 223-3000, or by email bids@bakertilly.com. The Preliminary Official Statement will also be made available at https://bondcalendar.bakertilly.com/. A Final Official Statement (as that term is defined in Rule 15c2-12) will be prepared, specifying the maturity dates, principal amounts, and interest rates of the City Bonds, together with any other information required by law. By awarding the City Bonds to the Purchaser, the City agrees that, no more than seven business days after the date of such award, it shall provide to the Purchaser an electronic copy of the Final Official Statement. The City designates the Purchaser as its agent for purposes of distributing the Final Official Statement to each syndicate member, if applicable. The Purchaser agrees that if its proposal is accepted by the City, (i) it shall accept designation and (ii) it shall enter into a contractual relationship with its syndicate members for purposes of assuring the receipt of the Final Official Statement by each such syndicate member. Dated June 20, 2023BY ORDER OF THE CITY COUNCIL /s/ Erin Fasbender /City Clerk A-4 Qbhf!511!pg!623 City of Rosemount, Minnesota Pre-Sale Summaryfor Issuance of Bonds $64,865,000General Obligation Street Reconstruction and Capital Improvement Plan Bonds, Series 2023A TheCouncil has under consideration the issuance of bonds to fund (i) various street and related utilities improvement projects within the City and (ii) a new Public Works and Police Department facility. This document provides information relative to the proposed issuance. KEY EVENTS:The following summary schedule includes the timing of key events relative to the bond issuance: June 20, 2023Councilsetssale date and terms June 21, 2023Rating conferenceis conducted July 11, 2023, 10:00a.m.Competitivebidsare received July 11, 2023, 7:00p.m.Council considers award of the Bonds August 1, 2023Proceeds are received RATING:An application will be made to S&P Global Ratings (S&P) for ratings on the Bonds. The City+P. THE MARKET:Performance of the tax- th which measures the yield of high grade municipal bonds in the 20year for general -Bond GO Index) and the th 30-Bond Revenue Index). The following chart illustrates these two indices over the past five years: Qbhf!512!pg!623 SECURITY AND The Bonds are a general obligation of the City, secured by its full faith and credit and taxing power and repaid from general ad valorem taxes. SOURCE OF PAYMENT:! The City will make its first levy for payment of debt service on the Bonds in 2023 for collection of taxes will be used to make the August 1 interest payment due in the collection year and the February 1 principal and interest payment due the following year. Capitalized interest will be used to make a portion of the debt service payments due August 1, 2024 through August 1, 2026, reducing the levy requirement in fiscal years 2024 and 2025. The current estimate for the amount used to capitalize these payments is approximately $2,420,000. Additionally, the annual debt service levy will be reduced by transfers from the water, sanitary sewer and storm sewer utilities. The City will also be filing special assessments from benefitted properties, which will be deposited into the debt service fund and may be used to further reduce the annual debt service levy. SCHEDULES Schedules attached for the Bonds include sources and uses of funds and estimated annual debt service, as a whole and by purpose. ATTACHED: RISKS/SPECIAL The outcome of this financing will rely on the market conditions at the time of the sale. CONSIDERATIONS:! Any projections included herein are estimates based on current market conditions. SALE TERMS AND Variability of Issue Size: A specific provision in the sale terms permits modifications to MARKETING: the issue size and/or maturity structure to customize the issue once the price and interest rates are set on the day of sale. Prepayment Provisions: Bonds maturing on or after February 1, 2033 may be prepaid at a price of par plus accrued interest on or after February 1, 2032. Bank Qualification: The City is issuing more than $10 million in tax-exempt obligations in 2023; therefore, the Bonds are not designated as bank qualified. $60,670,000 General Obligation Capital Improvement Plan Bonds Description of Purpose PURPOSE:!The CIP Bonds will be used to finance the construction and equipping of a new Public Works and Police Department facility. AUTHORITY:! Statutory Authority: The CIP Bonds are being issued pursuant to Minnesota Statutes, Statutes, Section 475.521 (Subd. 3), the City is required to hold a public hearing (subject to 30-day petition period), on a five-year capital improvement plan and the issuance of bonds. The City complied with the public hearing requirements on May 2, 2023. The 30- day petition period expired on June 2, 2023. !!Page 2 Qbhf!513!pg!623 Statutory Requirements: Pursuant to Minnesota Statutes, Section 475.521, the maximum calendar year debt service on all outstanding bonds issued under M.S. 475.521, including the proposed issue, cannot exceed 0.16% of the estimated market value within the City for taxes payable in the year the bonds are issued or sold. (The City were issued under the CIP authority, but mature in 2025 and do not impact the calculation below.) The maximum calendar year annual debt service on the CIP Bonds is estimated to be $4,276,048, which is below the maximum annual debt service limitation as summarized in the table below: Estimated Statutory Statutory Market Value for Principal and Maximum Tax Payable Interest Principal and 2023 Limitation Interest $4,223,250,000 x 0.16% = $ 6,757,200 STRUCTURING In consultation with the City, the CIP Bonds have been structured with a term of SUMMARY:!approximately 30 years. Principal maturities are structured to result in a moderately inclining net levy after accounting for contributions er and storm sewer utility funds. $4,195,000 Street Reconstruction Plan Bonds (Plan Description of Purpose PURPOSE:!Proceeds of the Street Reconstruction Plan Bonds, along with other available funds, will be used to finance various street and related utilities improvement projects within the City. AUTHORITY:! Statutory Authority: The Street Reconstruction Plan Bonds are being issued pursuant to Minnesota Statutes, Section 475.58 (subd. 3b). Statutory Requirements: Pursuant to Minnesota Statutes, Section 475.58 (subd. 3b), the City is required to hold a public hearing (subject to 30-day petition period), on a five-year street improvement plan and the issuance of bonds. The City complied with the public hearing requirements on May 16, 2023. The 30-day petition period expired on June 15, 2023. STRUCTURING In consultation with the City, the Street Reconstruction Bonds have been structured with SUMMARY:!a term of approximately 15 years and with level annual debt service payments. The first 2025 principal maturity (2024 levy requirement) has been reduced to result in a net levy of approximately $100,000 after accounting for estimated assessments. ! ! ! ! ! ! !!Page 3 Qbhf!514!pg!623 Post Issuance Compliance POST ISSUANCE The issuance of the Bonds will result in post-issuance compliance responsibilities. The responsibilities are in two primary areas: (i) compliance with federal arbitrage COMPLIANCE:! requirements and (ii) compliance with secondary disclosure requirements. Federal arbitrage requirements include a wide range of implications that have been taken into account as this issue has been structured. Post-issuance compliance responsibilities for this tax-exempt issue include both rebate and yield restriction provisions of the IRS Code. In general terms the arbitrage requirements control the earnings on unexpended bond proceeds, including investment earnings, moneys held for debt service payments (which are considered to be proceeds under the IRS regulations), and/or reserves. Under the tax-exempt status of the Bonds. Any interest earnings on gross bond proceeds or debt service funds should not be spent until it has been determined based on actual facts that The arbitrage rules provide for spend-down exceptions for proceeds that are spent within either a 6-month, 18-month or, for certain construction issues, a 24-month period each in accordance with certain spending criteria. Proceeds that qualify for an exception will be exempt from rebate. These exceptions are based on actual expenditures and not based on reasonable expectations, and expenditures, including any investment proceeds will have to meet the spending criteria to qualify for the exclusion. The City expects to meet the 24-Month spending exception. Regardless of whether the issue qualifies for an exemption from the rebate provisions, yield restriction provisions will apply to Bond proceeds (including interest earnings) unspent after three years and the debt service fund throughout the term of the Bonds. These moneys should be monitored until the Bonds are retired. Secondary disclosure requirements result from an SEC requirement that underwriters provide ongoing disclosure information to investors. To meet this requirement, any prospective underwriter will require the »\[County/City/School\] to commit to providing the information needed to comply under a continuing disclosure agreement. Baker Tilly Municipal Advisors currently provides both arbitrage and continuing disclosure services to the City. Baker Tilly Municipal Advisors will work with City staff to include the Bonds under the existing Agreement for Municipal Advisor Services. SUPPLEMENTAL Supplementary information will be available to staff including detailed terms and conditions of sale, comprehensive structuring schedules and information to assist in INFORMATION AND meeting post-issuance compliance responsibilities. BOND RECORD: Upon completion of the financing, a bond record will be provided that contains pertinent documents and final debt service calculations for the transaction.! ! Baker Tilly Municipal Advisors, LLC is a registered municipal advisor and controlled subsidiary of Baker Tilly US, LLP, an accounting firm. Baker Tilly US, LLP trading as Baker Tilly, is a member of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. © 2023 Baker Tilly Municipal Advisors, LLC. !!Page 4 Qbhf!515!pg!623 Qbhf!516!pg!623 5 Page ! ! ! ! ! !! ! $64,865,000 City of Rosemount, Minnesota Hfofsbm!Pcmjhbujpo!Tusffu!Sfdpotusvdujpo!boe!Dbqjubm!Jnqspwfnfou!Qmbo!Cpoet-!Tfsjft!3134B Jttvf!Tvnnbsz!.!Dvssfou!Sbuft!,61cqt! NET DEBT SERVICE SCHEDULE Unpledged Net 105% DatePrincipalCouponInterestTotal P+ICIFNet New D/S105% OverlevyAssessmentsOverlevy 1301203135......... 1301203136221-111/114/611&5-416-864/115-526-864/11)2-951-111/11*3-686-864/113-815-651/7644-6::/8:3-781-:51/97 1301203137876-111/114/511&3-977-763/114-742-763/11)656-111/11*4-197-763/114-351-:95/7144-6::/914-318-495/91 13012031388:1-111/114/411&3-951-753/114-741-753/11)46-111/11*4-6:6-753/114-886-535/2144-6::/8:4-852-935/42 13012031392-3:6-111/114/411&3-925-683/115-21:-683/11.5-21:-683/115-426-161/7144-6::/8:5-392-561/92 130120313:2-436-111/114/411&3-882-948/115-1:7-948/11.5-1:7-948/115-412-789/9644-6::/915-379-18:/16 13012031412-481-111/114/441&3-839-223/115-1:9-223/11.5-1:9-223/115-414-128/7144-6::/915-37:-528/91 13012031422-536-111/114/461&3-793-5:2/115-218-5:2/11.5-218-5:2/115-423-976/6644-6::/8:5-38:-376/87 13012031432-581-111/114/491&3-745-864/615-215-864/61.5-215-864/615-41:-::2/2944-6::/915-387-4:2/49 13012031442-631-111/114/561&3-696-178/615-216-178/61.5-216-178/615-421-431/9944-6::/8:5-387-832/1: 13012031452-741-111/114/661&3-643-738/615-273-738/61.5-273-738/615-481-869/9944-6::/8:5-448-26:/1: 13012031462-846-111/114/861&3-585-873/615-31:-873/61.5-31:-873/615-531-361/7444-6::/915-497-761/94 13012031472-961-111/115/111&3-51:-811/115-36:-811/11.5-36:-811/115-583-796/1144-6::/915-54:-196/31 13012031482-:91-111/115/261&3-446-811/115-426-811/11.5-426-811/115-642-596/1144-6::/915-5:8-996/31 13012031493-226-111/115/361&3-364-641/115-479-641/11.5-479-641/115-697-:67/6144-6::/915-664-467/81 130120314:3-361-111/115/461&3-274-753/615-524-753/61.5-524-753/615-745-435/7444-6::/915-711-835/94 13012031513-371-111/115/511&3-176-878/615-436-878/61.5-436-878/615-653-166/99.5-653-166/99 13012031523-461-111/115/611&2-:77-438/615-427-438/61.5-427-438/615-643-254/99.5-643-254/99 13012031533-571-111/115/711&2-971-688/615-431-688/61.5-431-688/615-647-717/49.5-647-717/49 13012031543-686-111/115/761&2-858-528/615-433-528/61.5-433-528/615-649-649/49.5-649-649/49 13012031553-7:1-111/115/911&2-738-791/115-428-791/11.5-428-791/115-644-675/11.5-644-675/11 13012031563-936-111/115/911&2-5:9-671/115-434-671/11.5-434-671/115-64:-849/11.5-64:-849/11 13012031573-:71-111/115/911&2-473-:71/115-433-:71/11.5-433-:71/115-64:-219/11.5-64:-219/11 13012031584-211-111/115/911&2-331-991/115-431-991/11.5-431-991/115-647-:35/11.5-647-:35/11 13012031594-356-111/115/911&2-183-191/115-428-191/11.5-428-191/115-643-:45/11.5-643-:45/11 130120315:4-521-111/115/911&:27-431/115-437-431/11.5-437-431/115-653-747/11.5-653-747/11 13012031614-676-111/115/:11&863-751/115-428-751/11.5-428-751/115-644-633/11.5-644-633/11 13012031624-851-111/115/:11&688-:66/115-428-:66/11.5-428-:66/115-644-963/86.5-644-963/86 13012031634-:41-111/115/:11&4:5-7:6/115-435-7:6/11.5-435-7:6/115-651-:3:/86.5-651-:3:/86 13012031645-236-111/115/:11&313-236/115-438-236/11.5-438-236/115-654-592/36.5-654-592/36 Total$64,865,000.00-$57,665,827.50$122,530,827.50(2,420,000.00)$120,110,827.50$126,116,368.88$503,996.94$125,612,371.94 SIGNIFICANT DATES ! Ebufe!Ebuf!901203134 Efmjwfsz!Ebuf!901203134 Gjstu!Dpvqpo!Ebuf!901203135 ! Yield Statistics ! Cpoe!Zfbs!Epmmbst!%2-354-9:3/61 Bwfsbhf!Mjgf!2:/288!Zfbst Bwfsbhf!Dpvqpo!5/746:284& ! Ofu!Joufsftu!Dptu!)OJD*!5/7:95:45& Usvf!Joufsftu!Dptu!)UJD*!5/7928:78& Cpoe!Zjfme!gps!Bscjusbhf!Qvsqptft!5/6938353& Bmm!Jodmvtjwf!Dptu!)BJD*!5/8199616& ! IRS Form 8038 Ofu!Joufsftu!Dptu!5/746:284& Xfjhiufe!Bwfsbhf!Nbuvsjuz!2:/288!Zfbst 70!703134!!}!!9;42!BN !!Page 6 Qbhf!517!pg!623 ! !! $34,475,000 City of Rosemount, Minnesota Hfofsbm!Pcmjhbujpo!Tusffu!Sfdpotusvdujpo!boe!Dbqjubm!Jnqspwfnfou!Qmbo!Cpoet-!Tfsjft!3134B QE!.!QX!.!Mfwz!Qpsujpo!.!Sbnqfe!ET!xjui!Dbq/!Joufsftu! NET DEBT SERVICE SCHEDULE DatePrincipalCouponInterestTotal P+ICIFNet New D/S105% Overlevy 1301203135....... 1301203136..3-462-459/363-462-459/36)2-951-111/11*622-459/36647-:26/77 1301203137..2-678-676/612-678-676/61)656-111/11*2-133-676/612-184-7:4/89 1301203138..2-678-676/612-678-676/61)46-111/11*2-643-676/612-71:-2:4/89 1301203139581-111/114/411&2-678-676/613-148-676/61.3-148-676/613-24:-554/89 130120313:596-111/114/411&2-663-166/613-148-166/61.3-148-166/613-249-:19/39 1301203141611-111/114/441&2-647-161/613-147-161/61.3-147-161/613-248-964/14 1301203142631-111/114/461&2-62:-511/613-14:-511/61.3-14:-511/613-252-481/64 1301203143646-111/114/491&2-612-:91/613-147-:91/61.3-147-:91/613-249-93:/64 1301203144666-111/114/561&2-594-9:8/613-149-9:8/61.3-149-9:8/613-251-953/49 1301203145746-111/114/661&2-575-861/113-1::-861/11.3-1::-861/113-315-848/61 1301203146816-111/114/861&2-553-318/613-258-318/61.3-258-318/613-365-678/99 1301203147891-111/115/111&2-526-881/113-2:6-881/11.3-2:6-881/113-416-669/61 1301203148976-111/115/261&2-495-681/113-35:-681/11.3-35:-681/113-473-159/61 1301203149:61-111/115/361&2-459-783/613-3:9-783/61.3-3:9-783/613-524-717/24 130120314:2-151-111/115/461&2-419-3:8/613-459-3:8/61.3-459-3:8/613-576-823/49 13012031512-491-111/115/511&2-374-168/613-754-168/61.3-754-168/613-886-321/49 13012031522-551-111/115/611&2-313-448/613-753-448/61.3-753-448/613-885-565/49 13012031532-616-111/115/711&2-248-648/613-753-648/61.3-753-648/613-885-775/49 13012031542-686-111/115/761&2-179-418/613-754-418/61.3-754-418/613-886-583/99 13012031552-756-111/115/911&::6-181/113-751-181/11.3-751-181/113-883-184/61 13012031562-836-111/115/911&:27-221/113-752-221/11.3-752-221/113-884-276/61 13012031572-921-111/115/911&944-421/113-754-421/11.3-754-421/113-886-586/61 13012031582-9:6-111/115/911&857-541/113-752-541/11.3-752-541/113-884-612/61 13012031592-:96-111/115/911&766-581/113-751-581/11.3-751-581/113-883-5:4/61 130120315:3-196-111/115/911&671-2:1/113-756-2:1/11.3-756-2:1/113-888-55:/61 13012031613-291-111/115/:11&571-221/113-751-221/11.3-751-221/113-883-226/61 13012031623-3:1-111/115/:11&464-3:1/113-754-3:1/11.3-754-3:1/113-886-565/61 13012031633-511-111/115/:11&352-191/113-752-191/11.3-752-191/113-884-245/11 13012031643-631-111/115/:11&234-591/113-754-591/11.3-754-591/113-886-765/11 Total$34,475,000.00-$33,567,476.75$68,042,476.75(2,420,000.00)$65,622,476.75$68,903,600.59 SIGNIFICANT DATES ! Ebufe!Ebuf!901203134 Efmjwfsz!Ebuf!901203134 Gjstu!Dpvqpo!Ebuf!901203135 ! Yield Statistics ! Cpoe!Zfbs!Epmmbst!%826-838/61 Bwfsbhf!Mjgf!31/872!Zfbst Bwfsbhf!Dpvqpo!5/79::911& ! Ofu!Joufsftu!Dptu!)OJD*!5/8588924& Usvf!Joufsftu!Dptu!)UJD*!5/8541556& Cpoe!Zjfme!gps!Bscjusbhf!Qvsqptft!5/6938353& Bmm!Jodmvtjwf!Dptu!)BJD*!5/879751:& ! IRS Form 8038 Ofu!Joufsftu!Dptu!5/79::911& Xfjhiufe!Bwfsbhf!Nbuvsjuz!31/872!Zfbst 70!703134!!}!!9;42!BN !!Page 7 Qbhf!518!pg!623 ! $11,640,000 !! City of Rosemount, Minnesota Hfofsbm!Pcmjhbujpo!Tusffu!Sfdpotusvdujpo!boe!Dbqjubm!Jnqspwfnfou!Qmbo!Cpoet-!Tfsjft!3134B QE!.!QX!.!Xbufs!Qpsujpo! Debt Service Schedule DatePrincipalCouponInterestTotal P+I105% Levy 1301203135..... 1301203136..876-719/36876-719/36914-999/77 1301203137346-111/114/511&621-516/61856-516/61893-786/89 1301203138356-111/114/411&613-526/61858-526/61895-897/39 1301203139366-111/114/411&5:5-441/6185:-441/61897-8:8/14 130120313:371-111/114/411&596-:26/61856-:26/61894-322/39 1301203141381-111/114/441&588-446/61858-446/61895-813/39 1301203142391-111/114/461&579-455/61859-455/61896-872/84 13012031433:1-111/114/491&569-:75/61859-:75/61897-523/84 1301203144411-111/114/561&55:-273/6185:-273/61897-731/74 1301203145421-111/114/661&549-923/61859-923/61897-364/24 1301203146431-111/114/861&538-918/61858-918/61896-2:8/99 1301203147441-111/115/111&526-918/61856-918/61894-1:8/99 1301203148456-111/115/261&513-718/61858-718/61895-:98/99 1301203149471-111/115/361&499-3:1/11859-3:1/11896-815/61 130120314:486-111/115/461&483-::1/11858-::1/11896-49:/61 13012031514:1-111/115/511&467-788/61857-788/61895-122/49 1301203152516-111/115/611&44:-628/61855-628/61892-854/49 1301203153536-111/115/711&432-3:3/61857-3:3/61894-718/24 1301203154556-111/115/761&412-853/61857-853/61895-18:/74 1301203155576-111/115/911&392-161/11857-161/11894-463/61 13012031565:1-111/115/911&369-841/11859-841/11897-277/61 1301203157621-111/115/911&346-321/11856-321/11893-581/61 1301203158646-111/115/911&321-841/11856-841/11894-127/61 1301203159671-111/115/911&296-161/11856-161/11893-413/61 130120315:6:1-111/115/911&269-281/11859-281/11896-689/61 1301203161726-111/115/:11&23:-961/11855-961/11893-1:3/61 1301203162756-111/115/:11&::-826/11855-826/11892-:61/86 1301203163791-111/115/:11&79-221/11859-221/11896-626/61 1301203164821-111/115/:11&45-8:1/11855-8:1/11893-13:/61 Total$11,640,000.00-$10,039,432.25$21,679,432.25$22,763,403.86 SIGNIFICANT DATES ! Ebufe!901203134 Efmjwfsz!Ebuf!901203134 Gjstu!Dpvqpo!Ebuf!901203135 ! Yield Statistics ! Cpoe!Zfbs!Epmmbst!%328-356/11 Bwfsbhf!Mjgf!29/775!Zfbst Bwfsbhf!Dpvqpo!5/732359:& ! Ofu!Joufsftu!Dptu!)OJD*!5/7966561& Usvf!Joufsftu!Dptu!)UJD*!5/7761964& Cpoe!Zjfme!gps!Bscjusbhf!Qvsqptft!5/6938353& Bmm!Jodmvtjwf!Dptu!)BJD*!5/7:38169& ! IRS Form 8038 Ofu!Joufsftu!Dptu!5/732359:& Xfjhiufe!Bwfsbhf!Nbuvsjuz!29/775!Zfbst 70!703134!!}!!9;42!BN !!Page 8 Qbhf!519!pg!623 ! $11,645,000 !! City of Rosemount, Minnesota Hfofsbm!Pcmjhbujpo!Tusffu!Sfdpotusvdujpo!boe!Dbqjubm!Jnqspwfnfou!Qmbo!Cpoet-!Tfsjft!3134B QE!.!QX!.!Tfxfs!Qpsujpo! Debt Service Schedule DatePrincipalCouponInterestTotal P+I105% Levy 1301203135..... 1301203136..876-:86/86876-:86/86915-385/65 1301203137346-111/114/511&621-761/61856-761/61893-:44/14 1301203138356-111/114/411&613-771/61858-771/61896-154/64 1301203139366-111/114/411&5:5-686/6185:-686/61898-165/39 130120313:371-111/114/411&597-271/61857-271/61894-579/64 1301203141381-111/114/441&588-691/61858-691/61895-:6:/64 1301203142391-111/114/461&579-69:/61859-69:/61897-129/:9 13012031433:1-111/114/491&56:-31:/6185:-31:/61897-77:/:9 1301203144411-111/114/561&55:-518/6185:-518/61897-988/99 1301203145421-111/114/661&54:-168/6185:-168/61897-621/49 1301203146431-111/114/861&539-163/61859-163/61896-566/24 1301203147441-111/115/111&527-163/61857-163/61894-466/24 1301203148456-111/115/261&513-963/61858-963/61896-356/24 1301203149471-111/115/361&499-646/11859-646/11896-:72/86 130120314:486-111/115/461&484-346/11859-346/11896-757/86 13012031514:1-111/115/511&467-:33/61857-:33/61895-379/74 1301203152516-111/115/611&44:-873/61855-873/61893-111/74 1301203153536-111/115/711&432-648/61857-648/61894-975/49 1301203154556-111/115/761&412-:98/61857-:98/61895-447/99 1301203155576-111/115/911&392-3:6/11857-3:6/11894-71:/86 13012031565:1-111/115/911&369-:86/11859-:86/11897-534/86 1301203157621-111/115/911&346-566/11856-566/11893-838/86 1301203158646-111/115/911&321-:86/11856-:86/11894-384/86 1301203159671-111/115/911&296-3:6/11856-3:6/11893-66:/86 130120315:6:1-111/115/911&269-526/11859-526/11896-946/86 1301203161726-111/115/:11&241-1:6/11856-1:6/11893-45:/86 1301203162756-111/115/:11&::-:71/11855-:71/11893-319/11 1301203163791-111/115/:11&79-466/11859-466/11896-883/86 1301203164826-111/115/:11&46-146/11861-146/11898-647/86 Total$11,645,000.00-$10,046,659.75$21,691,659.75$22,776,242.74 SIGNIFICANT DATES ! Ebufe!901203134 Efmjwfsz!Ebuf!901203134 Gjstu!Dpvqpo!Ebuf!901203135 ! Yield Statistics ! Cpoe!Zfbs!Epmmbst!%328-4:3/61 Bwfsbhf!Mjgf!29/779!Zfbst Bwfsbhf!Dpvqpo!5/7325492& ! Ofu!Joufsftu!Dptu!)OJD*!5/7968292& Usvf!Joufsftu!Dptu!)UJD*!5/7763749& Cpoe!Zjfme!gps!Bscjusbhf!Qvsqptft!5/6938353& Bmm!Jodmvtjwf!Dptu!)BJD*!5/7:39916& ! IRS Form 8038 Ofu!Joufsftu!Dptu!5/7325492& Xfjhiufe!Bwfsbhf!Nbuvsjuz!29/779!Zfbst 70!703134!!}!!9;42!BN !!Page 9 Qbhf!51:!pg!623 ! $2,910,000 !! City of Rosemount, Minnesota Hfofsbm!Pcmjhbujpo!Tusffu!Sfdpotusvdujpo!boe!Dbqjubm!Jnqspwfnfou!Qmbo!Cpoet-!Tfsjft!3134B QE!.!QX!.!Tupsn!Qpsujpo! Debt Service Schedule DatePrincipalCouponInterestTotal P+I105% Levy 1301203135..... 1301203136..2:2-4:6/612:2-4:6/61311-:76/39 130120313771-111/114/511&238-6:8/11298-6:8/112:7-:87/96 130120313871-111/114/411&236-668/11296-668/112:5-945/96 130120313976-111/114/411&234-688/11299-688/112:9-116/96 130120313:76-111/114/411&232-543/11297-543/112:6-864/71 130120314181-111/114/441&22:-398/1129:-398/112:9-862/46 130120314281-111/114/461&227-:67/11297-:67/112:7-414/91 130120314381-111/114/491&225-722/11295-722/112:4-952/66 130120314486-111/114/561&223-356/11298-356/112:7-718/36 130120314586-111/114/661&21:-768/61295-768/612:4-9:1/49 130120314691-111/114/861&217-::6/11297-::6/112:7-455/86 130120314796-111/115/111&214-::6/11299-::6/112:9-555/86 130120314896-111/115/261&211-6:6/11296-6:6/112:5-985/86 1301203149:1-111/115/361&:8-178/61298-178/612:7-531/99 130120314::6-111/115/461&:4-353/61299-353/612:8-765/74 1301203151211-111/115/511&9:-221/1129:-221/112:9-676/61 1301203152211-111/115/611&95-821/11295-821/112:4-:56/61 1301203153216-111/115/711&91-321/11296-321/112:5-581/61 1301203154221-111/115/761&86-491/11296-491/112:5-75:/11 1301203155226-111/115/911&81-376/11296-376/112:5-639/36 1301203156231-111/115/911&75-856/11295-856/112:4-:93/36 1301203157241-111/115/911&69-:96/11299-:96/112:9-545/36 1301203158246-111/115/911&63-856/11298-856/112:8-243/36 1301203159251-111/115/911&57-376/11297-376/112:6-689/36 130120315:256-111/115/911&4:-656/11295-656/112:4-883/36 1301203161266-111/115/:11&43-696/11298-696/112:7-:75/36 1301203162271-111/115/:11&35-::1/11295-::1/112:5-34:/61 1301203163281-111/115/:11&28-261/11298-261/112:7-618/61 1301203164291-111/115/:11&9-931/11299-931/112:9-372/11 Total$2,910,000.00-$2,509,715.00$5,419,715.00$5,690,700.75 SIGNIFICANT DATES ! Ebufe!901203134 Efmjwfsz!Ebuf!901203134 Gjstu!Dpvqpo!Ebuf!901203135 ! Yield Statistics ! Cpoe!Zfbs!Epmmbst!%65-416/11 Bwfsbhf!Mjgf!29/773!Zfbst Bwfsbhf!Dpvqpo!5/7326285& ! Ofu!Joufsftu!Dptu!)OJD*!5/7969319& Usvf!Joufsftu!Dptu!)UJD*!5/7764541& Cpoe!Zjfme!gps!Bscjusbhf!Qvsqptft!5/6938353& Bmm!Jodmvtjwf!Dptu!)BJD*!5/7:3:819& ! IRS Form 8038 Ofu!Joufsftu!Dptu!5/7326285& Xfjhiufe!Bwfsbhf!Nbuvsjuz!29/773!Zfbst 70!703134!!}!!9;42!BN !!Page 10 Qbhf!521!pg!623 ! $1,870,000 !! City of Rosemount, Minnesota Hfofsbm!Pcmjhbujpo!Tusffu!Sfdpotusvdujpo!boe!Dbqjubm!Jnqspwfnfou!Qmbo!Cpoet-!Tfsjft!3134B Blspo!Bwf!Tpvui!'!3134!TJQ!.!Mfwz! NET DEBT SERVICE SCHEDULE Unpledged DatePrincipalCouponInterestTotal P+I105% LevyAssessmentsNet Levy 1301203135....... 130120313636-111/114/611&214-333/61239-333/61245-744/7444-6::/8:212-144/95 1301203137216-111/114/511&78-:51/11283-:51/11292-698/1144-6::/91258-:98/31 1301203138221-111/114/411&75-481/11285-481/11294-199/6144-6::/8:25:-599/82 1301203139221-111/114/411&71-851/11281-851/1128:-388/1144-6::/8:256-788/32 130120313:226-111/114/411&68-221/11283-221/11291-826/6144-6::/91258-226/81 1301203141231-111/114/441&64-426/11284-426/11292-:91/8644-6::/91259-491/:6 1301203142236-111/114/461&5:-42:/11285-42:/11294-145/:644-6::/8:25:-546/27 1301203143241-111/114/491&56-242/61286-242/61294-999/1944-6::/91261-399/39 1301203144241-111/114/561&51-848/61281-848/6128:-385/4944-6::/8:256-785/6: 1301203145246-111/114/661&47-363/61282-363/6128:-926/2444-6::/8:257-326/45 1301203146251-111/114/861&42-571/11282-571/11291-144/1144-6::/91257-544/31 1301203147256-111/115/111&37-321/11282-321/1128:-881/6144-6::/91257-281/81 1301203148266-111/115/261&31-521/11286-521/11295-291/6144-6::/91261-691/81 1301203149271-111/115/361&24-:88/61284-:88/61293-787/4944-6::/9125:-187/69 130120314:276-111/115/461&8-288/61283-288/61291-897/4944-6::/91258-297/69 Total$1,870,000.00-$677,373.00$2,547,373.00$2,674,741.65$503,996.94$2,170,744.71 ! Ebufe901203134 Efmjwfsz!Ebuf901203134 Gjstu!Dpvqpo!Ebuf901203135 ! Yield Statistics ! Cpoe!Zfbs!Epmmbst%28-791/11 Bwfsbhf!Mjgf:/566!Zfbst Bwfsbhf!Dpvqpo4/9423:63& ! Ofu!Joufsftu!Dptu!)OJD*4/:693294& Usvf!Joufsftu!Dptu!)UJD*4/:7171:4& Cpoe!Zjfme!gps!Bscjusbhf!Qvsqptft5/6938353& Bmm!Jodmvtjwf!Dptu!)BJD*5/1145368& ! IRS Form 8038 Ofu!Joufsftu!Dptu4/9423:63& Xfjhiufe!Bwfsbhf!Nbuvsjuz:/566!Zfbst 70!703134!!}!!9;42!BN !!Page 11 Qbhf!522!pg!623 ! !! $1,080,000 City of Rosemount, Minnesota Hfofsbm!Pcmjhbujpo!Tusffu!Sfdpotusvdujpo!boe!Dbqjubm!Jnqspwfnfou!Qmbo!Cpoet-!Tfsjft!3134B Blspo!Bwf!Tpvui!'!3134!TJQ!.!Xbufs! Debt Service Schedule DatePrincipalCouponInterestTotal P+I105% Levy 1301203135..... 130120313651-111/114/611&6:-691/86::-691/86215-66:/8: 130120313771-111/114/511&49-431/61:9-431/61214-347/64 130120313871-111/114/411&47-391/61:7-391/61212-1:5/64 130120313976-111/114/411&45-411/61::-411/61215-376/64 130120313:76-111/114/411&43-266/61:8-266/61213-124/39 130120314176-111/114/441&41-121/61:6-121/61::-872/14 130120314281-111/114/461&38-957/11:8-957/11213-849/41 130120314381-111/114/491&36-612/11:6-612/11211-387/16 130120314486-111/114/561&34-246/11:9-246/11214-152/86 130120314586-111/114/661&31-658/61:6-658/61211-435/99 130120314691-111/114/861&28-996/11:8-996/11213-88:/36 130120314796-111/115/111&25-996/11::-996/11215-98:/36 130120314896-111/115/261&22-596/11:7-596/11212-41:/36 1301203149:1-111/115/361&8-:68/61:8-:68/61213-966/49 130120314::6-111/115/461&5-243/61::-243/61215-19:/24 Total$1,080,000.00-$384,022.75$1,464,022.75$1,537,223.89 SIGNIFICANT DATES ! Ebufe!901203134 Efmjwfsz!Ebuf!901203134 Gjstu!Dpvqpo!Ebuf!901203135 ! Yield Statistics ! Cpoe!Zfbs!Epmmbst!%21-131/11 Bwfsbhf!Mjgf!:/389!Zfbst Bwfsbhf!Dpvqpo!4/9436735& ! Ofu!Joufsftu!Dptu!)OJD*!4/:72:148& Usvf!Joufsftu!Dptu!)UJD*!4/:757276& Cpoe!Zjfme!gps!Bscjusbhf!Qvsqptft!5/6938353& Bmm!Jodmvtjwf!Dptu!)BJD*!5/119355:& ! IRS Form 8038 Ofu!Joufsftu!Dptu!4/9436735& Xfjhiufe!Bwfsbhf!Nbuvsjuz!:/389!Zfbst 70!703134!!}!!9;42!BN !!Page 12 Qbhf!523!pg!623 ! $1,245,000 !! City of Rosemount, Minnesota Hfofsbm!Pcmjhbujpo!Tusffu!Sfdpotusvdujpo!boe!Dbqjubm!Jnqspwfnfou!Qmbo!Cpoet-!Tfsjft!3134B Blspo!Bwf!Tpvui!'!3134!TJQ!.!Tfxfs! Debt Service Schedule DatePrincipalCouponInterestTotal P+I105% Levy 1301203135..... 130120313656-111/114/611&79-733/11224-733/1122:-414/21 130120313781-111/114/511&55-284/11225-284/1122:-992/76 130120313881-111/114/411&52-8:4/11222-8:4/11228-493/76 130120313986-111/114/411&4:-594/11225-594/11231-318/26 130120313:86-111/114/411&48-119/11223-119/11228-719/51 130120314186-111/114/441&45-644/1121:-644/11226-11:/76 130120314291-111/114/461&43-146/61223-146/61228-748/39 130120314396-111/114/491&3:-466/61225-466/61231-184/39 130120314496-111/114/561&37-593/61222-593/61228-167/74 1301203145:1-111/114/661&34-661/11224-661/1122:-338/61 1301203146:1-111/114/861&31-466/11221-466/11226-983/86 1301203147:6-111/115/111&27-:91/11222-:91/11228-68:/11 1301203148211-111/115/261&24-291/11224-291/11229-94:/11 1301203149216-111/115/361&:-141/11225-141/1122:-842/61 130120314:216-111/115/461&5-678/6121:-678/61226-156/99 Total$1,245,000.00-$441,148.00$1,686,148.00$1,770,455.40 SIGNIFICANT DATES ! Ebufe!901203134 Efmjwfsz!Ebuf!901203134 Gjstu!Dpvqpo!Ebuf!901203135 ! Yield Statistics ! Cpoe!Zfbs!Epmmbst!%22-633/61 Bwfsbhf!Mjgf!:/366!Zfbst Bwfsbhf!Dpvqpo!4/939689:& ! Ofu!Joufsftu!Dptu!)OJD*!4/:693493& Usvf!Joufsftu!Dptu!)UJD*!4/:71:998& Cpoe!Zjfme!gps!Bscjusbhf!Qvsqptft!5/6938353& Bmm!Jodmvtjwf!Dptu!)BJD*!5/1157:39& ! IRS Form 8038 Ofu!Joufsftu!Dptu!4/939689:& Xfjhiufe!Bwfsbhf!Nbuvsjuz!:/366!Zfbst 70!703134!!}!!9;42!BN !!Page 13 Qbhf!524!pg!623 ! ! $350,000 ! City of Rosemount, Minnesota Hfofsbm!Pcmjhbujpo!Tusffu!Sfdpotusvdujpo!boe!Dbqjubm!Jnqspwfnfou!Qmbo!Cpoet-!Tfsjft!3134B Bttfttnfout! Assessments Calendar YearPrincipalCouponInterestTotal P+I 3134.... 313521-:46/465/811&33-775/5544-6::/8: 313628-774/875/811&26-:47/1544-6::/91 313729-5:4/:65/811&26-216/9544-6::/8: 31382:-474/285/811&25-347/7344-6::/8: 313931-384/355/811&24-437/6744-6::/91 313:32-337/195/811&23-484/8344-6::/91 314133-334/825/811&22-487/1944-6::/8: 314234-379/335/811&21-442/6944-6::/91 314335-472/945/811&:-348/:744-6::/8: 314436-617/945/811&9-1:3/:744-6::/8: 314537-816/775/811&7-9:5/2544-6::/91 314638-:71/935/811&6-749/:944-6::/91 31473:-385/:95/811&5-435/9344-6::/91 314841-761/:15/811&3-:59/:144-6::/91 314943-1:2/615/811&2-619/4144-6::/91 -$350,000.00-$153,996.94$503,996.94 70!303134!!}!!21;44!QN !!Page 14 Qbhf!525!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Award Bids for the Life Time Facility Construction AGENDA SECTION: NEW BUSINESS PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 9.b. ATTACHMENTS: LT Rosemount Bid Summary and Budget - side by APPROVED BY: LJM side June 2023, Cedar Ridge LOR, Twin City Hardware LOR, Olympic LOR, Jerrys Flooring - LOR, Parvin-Clauss Sign Company LOR, Jerrys Flooring Athletic Equipment - LOR, Harty Mechanical LOR RECOMMENDED ACTION: Motion to recommend the City Council accept the bids and award contracts to the lowest responsible bidder as described in the letters of recommendation for the following specialty areas: 1. Landscaping 2. Doors and Misc. Openings 3. Drywall, Carpentry, Fireproofing and Painting 4. Flooring 5. Signage 6. Athletic Equipment 7. Mechanical BACKGROUND The City recently received several bids for specialty areas of the Life Time facility project. There are seven specialty areas that we received bids for that staff is requesting the City Council to act on at tonight’s meeting. The Construction Manager for the project is recommending the lowest responsible bidder for each specialty area be awarded a contract for the project. Attached you will find award letters detailing the engineer's estimate and the bid received in each scope. A spreadsheet that compares the Construction Manager’s estimate to the bid pricing that we received is forthcoming and will be added to the packet as soon as it's available. RECOMMENDATION Staff recommends the City Council accept the bids and award the contract to the lowest responsible bidder for each of the specialty areas as detailed in the letters of recommendation submitted by the Construction Manager. Qbhf!526!pg!623 Qbhf!527!pg!623 Qbhf!528!pg!623 June14th,2023 HonorableMayorandCityCouncil CityofRosemount 2875145thStW. Rosemount,MN55068 Re:LifeTimeRosemount CityofRosemount LifeTimeProjectNo.0034100 DearMayorandCouncilMembers: BidswerereceivedfortheabovereferencedprojectonThursday,April27th,2023,andwereopened andreadaloud.Atotalof5bidswerereceived.Thebidswerecheckedformathematicalaccuracyand tabulated.TheLandscapeEstimateforBaseBidandAlternateswas$2,1000,000.Thebidtabulation indicatesthelowbidderasCedarRidgeLandscaping,Burnsville,MNintheamountof$1,689,960for BaseBidandanyselectedAlternates. WerecommendthattheCityconsiderthesebidsandawardacontracttoCedarRidgeLandscaping, basedontheresultsofthebidsreceived. Sincerely, LifeTimePropertyDevelopment ChaseNorton Sr.ProjectManager Enclosure cc:TimGregory,CedarRidgeLandscaping DanSchultz,CityofRosemount BrentMarlow,LifeTimePropertyDevelopment 2900 Corporate Place | Chanhassen, MN 55317 | 952.229.7521 | www.lt.life Qbhf!529!pg!623 June14th,2023 HonorableMayorandCityCouncil CityofRosemount 2875145thStW. Rosemount,MN55068 Re:LifeTimeRosemount CityofRosemount LifeTimeProjectNo.0034100 DearMayorandCouncilMembers: BidswerereceivedfortheabovereferencedprojectonThursday,June1st,2023,andwereopenedand readaloud.Atotalof1bidwasreceived.Thebidwascheckedformathematicalaccuracyand tabulated.TheDoorsandMisc.OpeningsEstimateforBaseBidandAlternateswas$325,000.Thebid tabulationindicatesthelowbidderasTwinCitiesHardware,Oakdale,MNintheamountof$332,111for BaseBidandanyselectedAlternates. WerecommendthattheCityconsiderthisbidandawardacontracttoTwinCitiesHardware,basedon theresultsofthebidsreceived. Sincerely, LifeTimePropertyDevelopment ChaseNorton Sr.ProjectManager Enclosure cc:MarshallAgrey,TwinCitiesHardware DanSchultz,CityofRosemount BrentMarlow,LifeTimePropertyDevelopment 2900 Corporate Place | Chanhassen, MN 55317 | 952.229.7521 | www.lt.life Qbhf!52:!pg!623 June14th,2023 HonorableMayorandCityCouncil CityofRosemount 2875145thStW. Rosemount,MN55068 Re:LifeTimeRosemount CityofRosemount LifeTimeProjectNo.0034100 DearMayorandCouncilMembers: BidswerereceivedfortheabovereferencedprojectonThursday,June1st,2023,andwereopenedand readaloud.Atotalof5bidswerereceived.Thebidswerecheckedformathematicalaccuracyand tabulated.TheDrywall,Carpentry,FireproofingandPaintingEstimateforBaseBidandAlternateswas $4,300,000.ThebidtabulationindicatesthelowbidderasOlympicCompanies,Hopkins,MNinthe amountof$4,224,000forBaseBidandanyselectedAlternates. WerecommendthattheCityconsiderthesebidsandawardacontracttoOlympicCompanies,basedon theresultsofthebidsreceived. Sincerely, LifeTimePropertyDevelopment ChaseNorton Sr.ProjectManager Enclosure cc:NickLampert,OlympicCompanies DanSchultz,CityofRosemount BrentMarlow,LifeTimePropertyDevelopment 2900 Corporate Place | Chanhassen, MN 55317 | 952.229.7521 | www.lt.life Qbhf!531!pg!623 June14th,2023 HonorableMayorandCityCouncil CityofRosemount 2875145thStW. Rosemount,MN55068 Re:LifeTimeRosemount CityofRosemount LifeTimeProjectNo.0034100 DearMayorandCouncilMembers: BidswerereceivedfortheabovereferencedprojectonThursday,June1st,2023,andwereopenedand readaloud.Atotalof2bidswerereceived.Thebidswerecheckedformathematicalaccuracyand tabulated.TheFlooringEstimateforBaseBidandAlternateswas$2,350,000.Thebidtabulation indicatesthelowbidderasWĻƩƩǤ͸ƭFlooringStore,Fridley,MNintheamountof$2,294,853forBaseBid andanyselectedAlternates. WerecommendthattheCityconsiderthesebidsandawardacontracttoWĻƩƩǤ͸ƭFlooringStore,based ontheresultsofthebidsreceived. Sincerely, LifeTimePropertyDevelopment ChaseNorton Sr.ProjectManager Enclosure cc:GeorgeIversenΑWĻƩƩǤ͸ƭFlooringStore DanSchultz,CityofRosemount BrentMarlow,LifeTimePropertyDevelopment 2900 Corporate Place | Chanhassen, MN 55317 | 952.229.7521 | www.lt.life Qbhf!532!pg!623 June14th,2023 HonorableMayorandCityCouncil CityofRosemount 2875145thStW. Rosemount,MN55068 Re:LifeTimeRosemount CityofRosemount LifeTimeProjectNo.0034100 DearMayorandCouncilMembers: BidswerereceivedfortheabovereferencedprojectonThursday,June1st,2023,andwereopenedand readaloud.Atotalof1bidwasreceived.Thebidwascheckedformathematicalaccuracyand tabulated.TheSignageEstimateforBaseBidandAlternateswas$225,000.Thebidtabulationindicates thelowbidderasParvinClaussSignCo.,Chicago,ILintheamountof$246,510forBaseBidandany selectedAlternates. WerecommendthattheCityconsiderthisbidandawardacontracttoParvinClaussSignCo.,basedon theresultsofthebidsreceived. Sincerely, LifeTimePropertyDevelopment ChaseNorton Sr.ProjectManager Enclosure cc:DanielOlson,ParvinClauss DanSchultz,CityofRosemount BrentMarlow,LifeTimePropertyDevelopment 2900 Corporate Place | Chanhassen, MN 55317 | 952.229.7521 | www.lt.life Qbhf!533!pg!623 June14th,2023 HonorableMayorandCityCouncil CityofRosemount 2875145thStW. Rosemount,MN55068 Re:LifeTimeRosemount CityofRosemount LifeTimeProjectNo.0034100 DearMayorandCouncilMembers: BidswerereceivedfortheabovereferencedprojectonThursday,June1st,2023,andwereopenedand readaloud.Atotalof1bidwasreceived.Thebidwascheckedformathematicalaccuracyand tabulated.TheAthleticEquipmentEstimateforBaseBidandAlternateswas$275,000.Thebid tabulationindicatesthelowbidderasWĻƩƩǤ͸ƭFlooringStore,Fridley,MNintheamountof$297,546for BaseBidandanyselectedAlternates. WerecommendthattheCityconsiderthisbidandawardacontracttoWĻƩƩǤ͸ƭFlooringStore,basedon theresultsofthebidsreceived. Sincerely, LifeTimePropertyDevelopment ChaseNorton Sr.ProjectManager Enclosure cc:GeorgeIversenΑWĻƩƩǤ͸ƭFlooringStore DanSchultz,CityofRosemount BrentMarlow,LifeTimePropertyDevelopment 2900 Corporate Place | Chanhassen, MN 55317 | 952.229.7521 | www.lt.life Qbhf!534!pg!623 June14th,2023 HonorableMayorandCityCouncil CityofRosemount 2875145thStW. Rosemount,MN55068 Re:LifeTimeRosemount CityofRosemount LifeTimeProjectNo.0034100 DearMayorandCouncilMembers: BidswerereceivedfortheabovereferencedprojectonThursday,April27,2023,andwereopenedand readaloud.Atotalof5bidswerereceived.Thebidswerecheckedformathematicalaccuracyand tabulated.TheCombinedMechanicalEstimateforBaseBidandAlternateswas$6,000,000.Thebid tabulationindicatesthequalifiedbidderasHartyMechanicalInc,Austin,MNintheamountof $6,699,000forBaseBidandAlternates. WerecommendthattheCityconsiderthesebidsandawardacontracttoHartyMechanicalInc,based ontheresultsofthebidsreceived. Sincerely, LifeTimePropertyDevelopment ChaseNorton Sr.ProjectManager Enclosure cc:ChadMerritt,HartyMechanical DanSchultz,CityofRosemount BrentMarlow,LifeTimePropertyDevelopment 2900 Corporate Place | Chanhassen, MN 55317 | 952.229.7521 | www.lt.life Qbhf!535!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Authorize Declaration and Site Development AGENDA SECTION: Agreement with Life Time Inc. NEW BUSINESS PREPARED BY: Logan Martin, City Administrator AGENDA NO. 9.c. ATTACHMENTS: Resolution , Declaration Final 6.16.23, Rosemount APPROVED BY: LJM Site Development Agreement Final RECOMMENDED ACTION: Staff recommends that the City Council authorize execution of various agreements related to the Life Time project BACKGROUND Attached for the City Council's consideration is the Declaration of Easements and Covenants along with the Site Development Agreement between the City and Life Time. This is one of the critical components of the project as it establishes the scope of the improvements to be performed by either party. This document is directly connected to other previously authorized documents which establish each parties' duties in the deal, including the Lease and the Partial Assignment of property acquisition rights. Life Time, acting as our construction manager, is responsible for the installation and construction of the internal roads, parking lots, and utilities across the entire site. The City is responsible for paying its pro rata share of infrastructure that is installed on the specific LIfe Time site, and Life Time will be paying for all infrastructure installed on the remaining developable sites. Of particular note is the future Aspen Avenue installation. The City and Life Time have agreed that Life Time will pay an assessment for the southern portion of Aspen Avenue up to the private "spine road", and the City will not be assessing itself for the property north of the spine road (where the Life Time Club sits). Property owners on the east side of Aspen Avenue are also subject to assessments per the City's typical policy. RECOMMENDATION Staff recommends that the City Council authorize execution of various agreements related to the LIfe Time project. Qbhf!536!pg!623 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2023-73 RESOLUTION AUTHORIZING THE EXECUTION OF VARIOUS AGREEMENTS (LIFE TIME PROJECT) WHEREAS, the City of Rosemount (the “City”), as buyer, and Akron 42, LLC, as seller, have executed that certain Purchase and Sale Agreement dated April 5, 2022, as amended and assigned (the “Purchase Agreement”), pursuant to which the City will acquire that certain tract of land with all easements, hereditaments and appurtenances belonging thereto, located at northwest corner of County Road 42 and Akron Avenue in Rosemount, Minnesota, consisting of approximately 21.75 net developable acres in the aggregate (the “Development Property”); and WHEREAS, pursuant to a quit claim deed or the terms of a Partial Assignment of Purchase Agreement, to be entered into between the City and the Rosemount Port Authority, a Minnesota body corporate and politic (the “Port”), with the consent of Akron 42, LLC, as seller, (collectively, “PA Assignment”), the Port proposes to acquire and become the fee owner of that portion of the Development Property containing approximately 10.9 net developable acres, to be legally described as Lot 1, Block 1, Prestwick Place 23rd Addition, according to the approved plat thereof (the “PA Property”); and WHEREAS, pursuant to the terms of a Partial Assignment of Purchase Agreement, dated as of April 4, 2023, between the City and LTF Real Estate Company, Inc., a Minnesota corporation (“LT Owner”) (the “LT Assignment”), LT Owner proposes to acquire and become the fee owner of a portion of the Development Property containing approximately 10.84 net developable acres, to be legally described as Outlots A and C, Prestwick Place 23rd Addition, according to the approved plat thereof (the “LT Owner Property”); and WHEREAS, the City will retain ownership of the remaining portion of the Development Property containing approximately 0.00 developable acres, to be legally described as Outlot B, Prestwick Place 23rd Addition, according to the approved plat thereof (“Outlot B”); and WHEREAS, the Port, as landlord, and LTF Lease Company, LLC (“LTF Tenant”), which is an affiliate of LT Owner, as tenant, have entered into a Lease, dated as of April 7, 2023 (the “Lease”), pursuant to which a health and fitness facility with outdoor recreational uses will be developed and constructed by the Port, pursuant to a AIA Document C132 – 2019 Standard Form of Agreement Between Owner and Construction Manager as Adviser and a AIA Document A232 – 2019 General Conditions of the Contract for Construction, Construction Manager as Adviser Edition, both dated as of April 7, 2023, (collectively, the “Construction Management Agreement”) between the Port and LTF Construction Company, LLC, an affiliate of LT Owner (the “Construction Manager”), and leased to and operated on the PA Property by LTF Tenant (the “Health Club Project”); and WHEREAS, LT Owner plans to facilitate the development of an integrated retail/residential development on the LT Owner Property by developing and/or selling the outlots or lots comprising the LT Owner Property to third parties; and Qbhf!537!pg!623 WHEREAS, the Port, pursuant to the Construction Management Agreement, will cause the completion of certain site work, utility, roadway, and signage improvements (the “Improvements”) that will benefit the entire Development Property; and WHEREAS, the Port and LTF Owner, with the consent of the City, propose to enter into a Site Development Agreement (the “Site Development Agreement”), which describes the scope of the Improvements to be performed in connection with the development of the Development Property and the timing of completion of the Improvements and pursuant to which the costs and expenses associated with the completion of such Improvements will be paid for by the Port and LTF Owner pro rata based upon the relative net developable acres comprising each of the PA Property and the LT Owner Property; and WHEREAS, the Port, LTF Tenant, LTF Owner, and the City, propose to enter into a Declaration of Easements and Covenants (the “Declaration”), which describes easement areas for the Improvements and imposes various other restrictions on the Development Property; and NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Rosemount as follows: Section 1. Approval of Agreements. The City Council hereby approves the Site Development Agreement and the Declaration in substantially the forms presented to the City Council, together with any related documents necessary in connection therewith or in connection with the Site Development Agreement and the Declaration, including but not limited to any documents, exhibits, certifications or consents referenced in or attached thereto, as approved by legal counsel to the City (collectively, the “Development Documents”), and hereby authorizes the Mayor and City Administrator to negotiate the final terms thereof and, in their discretion and at such time, if any, as they may deem appropriate, the Mayor and City Clerk are authorized to execute the same on behalf of the City, and to carry out, on behalf of the City, the City’s obligations thereunder. Section 2.Modifications. The approval hereby given to the Development Documents includes approval of such additional details therein as may be necessary and appropriate and such modifications thereof, deletions therefrom and additions thereto as may be necessary and appropriate and approved by legal counsel to the City, by the City Administrator and by the officers authorized herein to execute said documents prior to their execution; and said officers are hereby authorized to approve said changes on behalf of the City. The execution of any instrument by the appropriate officers of the City herein authorized shall be conclusive evidence of the approval of such document in accordance with the terms hereof. This Resolution shall not constitute an offer and the Development Documents shall not be effective until the date of execution thereof as provided herein. Section 3.Absence of Authorized Officials. In the event of absence or disability of the officers, any of the documents authorized by this Resolution to be executed may be executed without further act or authorization of the City Council by any duly designated acting official, or by such other officer or officers of the City Council as, in the opinion of the City Attorney, may act in their behalf. Upon execution and delivery of the Development Documents, the officers and employees of the City are hereby authorized and directed to take or cause to be taken such actions as may be necessary on behalf of the City to implement the Development Documents. Qbhf!538!pg!623 Section 4.Bond Terms. On May 16, 2023, the City adopted Ordinance 2023 -01 (the “Ordinance”), pursuant to which the City authorized the Port to issue general obligation bonds, pledging the City's full faith, credit, and resources, for the Project in an amount not to exceed $48,000,000 (the “Bonds”). In accordance with Minnesota Statutes, Section 469.060, subd 1, the City authorizes the Port to sell the Bonds in accordance with, and in the form set forth in, the resolution of the Port adopted on the date hereof and in accordance with the interest rates and other terms determined by a pricing committee established for the purpose thereof comprised of the Chair and Executive Director of the Port and the Finance Director of the City (the “Pricing Committee”); provided that the aggregate principal amount of the Bonds shall not exceed $48,000,000 plus any premium, the true interest cost shall not exceed 6.50% and the final maturity shall not be later than 30 years after the date of issuance of the Bonds. For purpose of complying with Minnesota Statutes, Section 475.54, Subdivision 1, the maturity schedule for the Bonds will be combined with the maturity schedule for all of the general obligation debt of the Port and the City. Section 5.Public Purpose. The City Council hereby determines that the execution and performance of the Development Documents will help realize the public purposes of Laws of Minnesota 1991, Chapter 291, as codified in under the provisions of Minnesota Statutes, Sections 469.048 to 469.068 and in particular, Minnesota Statutes, Section 469.0813 (collectively, as amended from time to time, the “Act”). th ADOPTED this 20 day of June, 2023. _________________________________________________________________________________ Jeff Weisensel, Mayor ATTEST: Erin Fasbender, City Clerk Qbhf!539!pg!623 DECLARATIONOFEASEMENTSANDCOVENANTS BY ROSEMOUNT PORT AUTHORITY, CITY OF ROSEMOUNT AND LTF REAL ESTATE COMPANY, INC., This document drafted by (and after recording should be returned to): LTF Real Estate Company, Inc. 2900 Corporate Place Chanhassen, MN 55317 Attn: Kari L. Broyles June ____, 2023 Qbhf!53:!pg!623 TABLEOFCONTENTS Page RECITALS...................................................................................................................................1 1. DEFINITIONS ..................................................................................................................1 1.1.Allocable Share ..................................................................................................1 1.2.Alter or Alteration ..............................................................................................1 1.3.Cross Access and Utility Easement ...................................................................2 1.4.Declaration……………….…………………………………………………... 2 1.5.Governmental Authorities ..................................................................................2 1.6. Improvements ....................................................................................................2 1.7. Interest Rate .......................................................................................................2 1.8. Legal Requirements ...........................................................................................3 1.9. Life Time Signage Easement ………………………………………………… 3 1.10. Monument Sign 1 Easement …………………………………………………. 3 1.11. Monument Sign 2 Easement …………………………………………………. 3 1.12. Monument Sign 3 Easement …………………………………………………. 3 1.13. Occupant ............................................................................................................3 1.14. Operator .............................................................................................................3 1.15. Parcel ……………………………………………………………………….. 4 1.16. Party or Owner ...................................................................................................4 1.17. Permittee ............................................................................................................4 1.18. Restore or Restoration........................................................................................4 1.19. Taking ................................................................................................................4 2. EASEMENTS ...................................................................................................................5 2.1. Cross Access and Utility Easement ...................................................................5 2.2. Monument Sign 1 Easement ..............................................................................5 2.3. Monument Sign 2 Easement ..............................................................................5 2.4. Monument Sign 3 Easement ..............................................................................5 2.5. Life Time Signage Easement .............................................................................6 2.6. Operator .............................................................................................................6 2.7. No Dedication ....................................................................................................6 2.8. Temporary Construction Easements; Perpetual Easement to Operator .............6 3. RESTRICTIONS AND COVENANTS ...........................................................................7 3.1. Prohibited Uses ..................................................................................................7 3.2. Maintenance of Improvements on each Parcel ..................................................7 3.3. Hazardous Materials ..........................................................................................7 3.4.Prohibited Activities ..........................................................................................7 3.5.City Parcel ..........................................................................................................8 4. CONSTRUCTION, MAINTENANCE ANDREPAIR ...................................................8 ii RS220-402-800673.v6 Qbhf!541!pg!623 4.1.Improvementsand Parcels.................................................................................8 4.2.Maintenance of Cross Access and Utility Easement, Monument Sign 1 Easement, Monument Sign 2 Easement and Monument Sign 3 Easement ......9 4.3.Repair; Standards ...............................................................................................9 4.4.No Changes ........................................................................................................9 5. CROSS ACCESS AND UTILITY EASEMENT, MONUMENT SIGN 1 EASEMENT, MONUMENT SIGN 2 EASEMENT, MONUMENT SIGN 3 EASEMENT, AND LIFETIME SIGNAGEEASEMENT; MAINTENANCE OBLIGATIONS …………. 9 5.1. Operator .............................................................................................................9 5.2. Allocable Shares; Payments ...............................................................................9 5.3. City Parcel ........................................................................................................10 5.4. Life Time Signage Easement; Payments .........................................................10 6. TAXES AND ASSESSMENTS .....................................................................................10 7. CASUALTY; TAKING ..................................................................................................10 7.1. Damage or Destruction; Taking .......................................................................10 7.2. Effect on Allocable Share ................................................................................11 7.3. City Parcel .......................................................................................................11 8. DEFAULT ......................................................................................................................12 8.1. Event of Default ...............................................................................................12 8.2. Self-Help ..........................................................................................................12 8.3. Lien ..................................................................................................................13 8.4. Enforcement .....................................................................................................14 8.5. Interest..............................................................................................................14 9. MISCELLANEOUS .......................................................................................................14 9.1. Relationship of Parties .....................................................................................14 9.2. Headings; Interpretation...................................................................................14 9.3. Time .................................................................................................................14 9.4. Amendment or Modification ............................................................................14 9.5. Attorney’s Fees ................................................................................................15 9.6. Law Applicable ................................................................................................15 9.7. Merger Not Intended ........................................................................................15 9.8.Commercially Reasonable ...............................................................................15 9.9.Run With the Land; Term ................................................................................15 9.10.Notices.............................................................................................................15 9.11.Severability ......................................................................................................17 9.12. Limitation on Liability .....................................................................................17 9.13. Estoppels ..........................................................................................................17 9.14. Force Majeure .................................................................................................17 9.15. Mortgage Subordination ..................................................................................17 iii RS220-402-800673.v6 Qbhf!542!pg!623 9.16.Non-Waiver .....................................................................................................17 9.17.Signage ...........................................................................................................18 9.18.Insurance and Indemnification .........................................................................18 EXHIBIT AHealth Club Parcel..............................................................................................A-1 EXHIBIT B Remainder Parcels.............................................................................................. B-1 EXHIBIT C City Parcel ...................................................................................................... C-1 EXHIBIT D Cross Access and Utility Easement ................................................................... D-1 EXHIBIT E Monument Sign 1 Easement ............................................................................. E-1 EXHIBIT F Monument Sign 2 Easement ............................................................................. F-1 EXHIBIT G Monument Sign 3 Easement ............................................................................. G-1 EXHIBIT H Life Time Signage Easement ............................................................................. H-1 EXHIBIT I Prohibited Uses and Purposes ........................................................................... I-1 iv RS220-402-800673.v6 Qbhf!543!pg!623 DECLARATION OFEASEMENTS AND COVENANTS ThisDeclaration of Easements and Covenants (“Declaration”) is made this ____ day of June, 2023, by and among the City of Rosemount, Minnesota, a Minnesota municipal corporation (the “City”), the Rosemount Port Authority, a Minnesota body corporate and politic (“Rosemount”) and LTF Real Estate Company, Inc., a Minnesota corporation (“LT Owner”) (collectively, the City, Rosemount and LT Owner are referred to herein as the “Declarant”). RECITALS A. Capitalized terms used in these recitals and not otherwise defined in these recitals are defined in Article 1, below. B. Rosemount is the fee owner of the property legally described on Exhibit A attached hereto and hereinafter referred to as the “Health ClubParcel”; and C. LT Owner is the fee owner of the property legally described on Exhibit B attached hereto and hereinafter referred to collectively as the “Remainder Parcels”; and D. The City is the fee owner of the property legally described on Exhibit C attached hereto and hereinafter referred to as the “City Parcel”; and E. Access to the City Parcel, the Health Club Parcel and the Remainder Parcels will occur over private internal streets; and F. Declarantdesires tocreate and impose certain easements, restrictions and covenants that will benefit and burden the City Parcel, the Health Club Parcel and the Remainder Parcels. NOW THEREFORE, in consideration of the premises and of the mutual covenants and agreements hereinafter set forth, Declarant hereby agrees and declares as follows: 1. Definitions. As used in this Declaration, the following terms shall have the following meanings: 1.1.Allocable Share. “Allocable Share” means a Party’s allocable share of expenses associated with (i) the Cross Access and Utility Easement, (ii) the Monument Sign 1 Easement, (iii) the Monument Sign 2 Easement, and (iv) the Monument Sign 3 Easement as provided in Section 5.2 below. 1.2.Alter or Alteration. “Alter” or “Alteration” means Restoration and any other work under Section 7.1, construction, reconstruction, replacement, repairs,renewals, alterations, changes, additions, improvements and demolitions of or to any Improvements and all excavations at any time made or to be made in, on or about the City Parcel, Health 1 Qbhf!544!pg!623 Club Parcel or the Remainder Parcels, all of whichare subject to other applicable provisions of this Declaration. 1.3.Cross Access and Utility Easement. “Cross Access and Utility Easement” collectivelymeans perpetual, non-exclusive and reciprocaleasements over, under, through and across those portions of the City Parcel, the Health Club Parcel and the Remainder Parcels as depicted and legally described on Exhibit D attached hereto and necessary for (i) the installation, maintenance, repair and replacement of private utilities, including without limitation fiber optic lines and related utilities, and (ii) vehicular and pedestrian ingress and egress to and from public streets or highways to and from the City Parcel, the Health Club Parcel and the Remainder Parcels. 1.4.Declaration. “Declaration” means this Declaration, including the following exhibits attached hereto and made a part hereof: Exhibit A: Health Club Parcel Exhibit B: Remainder Parcels Exhibit C: City Parcel Exhibit D: Cross Access and Utility Easement Exhibit E: Monument Sign 1 Easement Exhibit F: Monument Sign 2 Easement Exhibit G: Monument Sign 3 Easement Exhibit H: Life Time Signage Easement Exhibit I: Prohibited Uses and Purposes 1.5.Governmental Authorities. “Governmental Authorities”means all federal, state, county, municipal and local governments, and all departments, commissions, boards, bureaus and officers thereof. 1.6.Improvements. “Improvements”means, collectively, with respect to each Parcel, any and all buildings, structures, and other improvements and installations from time to time located on and within such Parcel. 1.7. Interest Rate. “Interest Rate” means the simple per annum interest rate equal to the lesser of (a) the prime rate, plus 4% and (b) the maximum lawful rate of interest. As used herein, the “prime rate” means the rate of interest published from time to time as the “Prime Rate” in the Wall Street Journal under the heading Money Rates; provided, however, that (i) if more than one such rate is published therein the primerate shall be the highest such rate, and(ii) if such rate is no longer published in the WallStreet Journal or is otherwise unavailable, the prime rate shall be a substantially comparable index of short termloan interest rates charged by banks to corporate borrowers selected by the Operator. 1.8.Legal Requirements. “Legal Requirements” means all laws, statutes, codes,acts, ordinances, orders, judgments, decrees, injunctions, directions and 2 Qbhf!545!pg!623 requirements of allGovernmentalAuthorities,foreseenand unforeseen, ordinary or extraordinary, which now or at any time hereafter may be applicable to or required in connection with any Improvements or any part thereof, or any of the adjoining sidewalks, or any use or condition of any Improvements or any part thereof, or any construction required or permitted by this Declaration. 1.9.Life Time Signage Easement. “Life Time Signage Easement”means perpetual and non-exclusive easements over that portion of the Health Club Parcel, the City Parcel, and theRemainder Parcels as depicted and legallydescribed on Exhibit H attached hereto and necessary for (i) the illumination, construction and placement of a monument sign, and (ii) accessing said monument sign for the purpose of maintaining, replacing and repairing the monument sign and any panels affixed thereto, if any. 1.10.Monument Sign 1 Easement. “Monument Sign 1 Easement” means perpetual and non-exclusive easements over that portion of the Remainder Parcels as depicted and legally described on Exhibit E attached hereto and necessary for (i) the illumination, construction and placement of a multi-tenant monument sign, and (ii) accessing said multi-tenant monument sign for the purpose of maintaining, replacing and repairing the multi-tenant monument sign and any panels affixed thereto. 1.11.Monument Sign 2 Easement. “Monument Sign 2 Easement” means perpetual and non-exclusive easements over that portion of the City Parcel as depicted and legally described on Exhibit F attached hereto and necessary for (i) the illumination, construction and placement of a multi-tenant monument sign, and (ii) accessing said multi- tenant monument sign for the purpose of maintaining, replacing and repairing the multi- tenant monument sign and any panels affixed thereto. 1.12.Monument Sign 3 Easement. “Monument Sign 3 Easement”means perpetual and non-exclusive easements over that portion of the Remainder Parcels as depicted and legally described on Exhibit G attached hereto and necessary for (i) the illumination, construction and placement of a multi-tenant monument sign, and (ii) accessing said multi-tenant monument sign for the purpose of maintaining, replacing and repairing the multi-tenant monument sign and any panels affixed thereto. 1.13.Occupant. “Occupant” means any person from time to time entitled to the use and occupancy of any portion of the HealthClub Parcel or the Remainder Parcels under an ownership right or under any lease, sublease, license, concession, or other similar agreement. 1.14.Operator. “Operator” means the person or entity designated from time to time by the Owner of the Health Club Parcel to manage and maintain (i) the Cross Access and Utility Easement and the Cross Access and Utility Easement Areas, (ii) the Monument Sign 1 Easementand the Monument Sign 1 Easement Area, (iii) the Monument Sign 2 Easementand the Monument Sign 2 Easement Area, (iv) the Monument Sign 3 Easement and the Monument Sign 3 Easement Area, and (v) the Life Time Signage Easement and 3 Qbhf!546!pg!623 the Life Time Signage Easement Area. The personor entitydesignatedasOperator shall serve in such capacity until such Operator resigns or is removed by the Owner of the Health Club Parcel. LTF Lease Company, LLC, a Delaware limited liability company (“LT”), the current Occupant of the Health Club Parcel, shall be the initial Operator, pursuant to the terms and conditions of that certain lease dated April 7, 2023 (as amended, revised or modified, the “LT Lease”). Notwithstanding anything to the contrary contained in this Declaration, LT or its permitted assigns under the LT Lease shall be the Operator until the expiration or termination of the LT Lease. 1.15.Parcel. “Parcel” means any of the four (4) real estate parcels referenced on Exhibit A, Exhibit B and Exhibit C attached hereto consisting of the City Parcel, the Health Club Parcel and the Remainder Parcels, as the context indicates, and the subsequent subdivision(s) of any of such Parcels. 1.16.Partyor Owner. “Party” or “Owner” (or, as applicable, “Parties” or “Owners”) means the owner of a Parcel and the Occupant of the Health Club Parcel, if appropriate, as the context indicates. 1.17.Permittee. “Permittee” means all Occupants and the officers, directors, employees, agents, contractors,customers, vendors, suppliers, visitors, guests, andinvitees of Occupants to the extent their activities relate to the intended development, use and occupancy of the Health Club Parcel or the Remainder Parcels as limited by this Declaration. Subject to Article 3, persons engaged in civic, public or political activities within the Health Club Parcel or the Remainder Parcels, including the following activities set forth below, shall not be Permittees: (a) exhibiting any placard, sign, or notice; (b) distribution of any circular, handbill, placard, or booklet; (c) soliciting memberships or contributions for private, civic, public or charitable purposes; (d) parading, picketing, or demonstrating; and (e) failing to follow the provisions of this Declaration relating to the use of the Health Club Parcel or the Remainder Parcels or any part thereof. 1.18.Restore or Restoration. “Restore”or “Restoration” means the repair, restoration or rebuilding of any Improvement or any part thereof following any Taking, damage to or destruction of the same, to as nearly as possible to its size, type andcharacter as existed immediately prior to such Taking, damage or destruction, inaccordance withall Legal Requirements, together with any temporary repairs and property protection pending completion of the work and with any Alterations permitted by (including by consent obtained pursuant to) this Declaration. 1.19.Taking. “Taking” means a taking of all or any part of the City Parcel, the Health Club Parcel or the Remainder Parcels, or any interest therein or right accruing thereto, including, without limitation, any right of access thereto existing on the date of this Declaration, pursuant to exercise of the right of condemnation or eminent domain. The Taking shall be deemed to occur on the date that the condemning authority takes possession. 4 Qbhf!547!pg!623 2.Easements. 2.1. Cross Access and Utility Easement. Declarant hereby declares and grants for the benefit ofeach of the Parties,asan appurtenance to their respective Parcels, perpetual, non-exclusive and reciprocal easements over, under, through and across those portions of the City Parcel, the Health Club Parcel and the Remainder Parcels as depicted and legally described as the Cross Access and Utility Easement and as located on Exhibit D attached hereto (the “Cross Access and Utility EasementAreas”) for (i) the installation, maintenance, repair and replacement of private utilities, including without limitation fiber optic lines and related utilities, and (ii) vehicular and pedestrian ingress and egress to and from public streets or highways to and from the City Parcel, the Health Club Parcel and the Remainder Parcels. 2.2.Monument Sign 1 Easement. Declarant hereby declares and grants for the benefit ofthe Owner of the Health Club Parcel and the Owner of the Remainder Parcels, as an appurtenance totheirrespective Parcels, perpetual and non-exclusive easements over that portion of Outlot A of the Remainder Parcels as depicted and legally describedas the Monument Sign 1 Easement and as located on Exhibit E attached hereto (the “Monument Sign 1 Easement Area”) for (i) the illumination, construction and placement of multi- tenant monument sign, and (ii) accessing saidmulti-tenant monument sign for the purpose of maintaining, replacing and repairing the multi-tenant monument sign and any panels affixed thereto. 2.3.Monument Sign 2 Easement. Declarant hereby declares and grants for the benefit of the Owner of the Health Club Parcel and the Owner of the Remainder Parcels, as an appurtenance to their respective Parcels, perpetual and non-exclusive easements over thatportion of the City Parcel as depicted and legally described as the Monument Sign 2 Easement and as located on Exhibit F attached hereto (the “Monument Sign 2 Easement Area”) for (i) the illumination, construction and placement of a multi-tenant monument sign, and (ii) accessing said multi-tenant monument sign for the purpose of maintaining, replacing and repairing the multi-tenant monument sign and any panels affixed thereto. 2.4.Monument Sign 3 Easement. Declarant hereby declares and grants for the benefit of the Owner of the Health Club Parcel and the Owner of the Remainder Parcels, as an appurtenance to their respective Parcels, perpetual and non-exclusive easements over thatportion of Outlot C of the Remainder Parcels as depicted and legally described as the Monument Sign 3 Easement and as located on Exhibit G attached hereto (the “Monument Sign 3 Easement Area”) for (i) the illumination, construction and placement of a multi- tenant monument sign, and (ii) accessing saidmulti-tenant monument sign for the purpose of maintaining, replacing and repairing the multi-tenant monument sign and any panels affixed thereto. 2.5.Life Time Signage Easement. Declarant hereby declares and grants for the benefit of the Owner of the Health Club Parcel and LT, as an appurtenance to the Health 5 Qbhf!548!pg!623 Club Parcel,a perpetual and non-exclusive easement over those portions of the Health Club Parcel, the City Parcel and the Remainder Parcels as depicted and legally describedas the Life Time Signage Easement and as located on Exhibit H attached hereto (the “Life Time Signage Easement Area”) for (i) theillumination, construction and placement of a monument sign, and (ii) accessing said monument sign for the purpose of maintaining, replacing and repairing the monument sign and any panels affixed thereto, if any. 2.6. Operator. Each Party hereby grants to Operator, and as applicable, Operator’s employees, contractors, service providers and consultants, the right and easementto enter upon theParcels as may be reasonably necessary from time totimeto perform Operator’s obligations under this Declaration. 2.7. No Dedication. Nothing in this Article 2 shall be deemed to be a gift or dedication of any portion of the Health Club Parcel or the Remainder Parcels to the general public, and the grantor of an easement or license shall be entitled to make such temporary closures as may be reasonably necessary to avoid creation of any public rights. 2.8. Temporary Construction Easements; PerpetualEasement to Operator. Declarant hereby grants and declares for the benefit of the Operator, the Owner of the City Parcel, the Owner of the Health Club Parcel and the Owner of the Remainder Parcels, as an appurtenance to each Parcel, temporary, non-exclusive and reciprocal easements for the purpose of constructing the initial improvements, betterments and/or facilities located within (i) the Cross Access and Utility Easement Areas, (ii) the Monument Sign 1 Easement Area, (iii) the Monument Sign 2 Easement Area, (iv) the Monument Sign 3 Easement Area, and (v) the Life Time Signage Easement Area to the extent such improvements, betterments and/or facilities do not already exist as of the date hereof, which easements shall automatically expire upon the completion of said improvements, betterments and/or facilities or such earlier time as may be designated by the Owner of the Health Club Parcel. Notwithstanding the foregoing, if not sooner terminated, the easements granted pursuant to this Section 2.5 shall automatically terminate and be of no further force or effect as of January 1, 2026. Each Owner shall indemnify, defend and hold harmless the Owner and the Occupants of the other Parcel from any claims, causes of action, damages, and injuries arising from construction activities performed by or on behalf of such Owner and shall not permit any mechanics liens to accrue against the other Parcel. In addition, Declarant hereby declares a perpetual easement in gross to the Operator (and Operator’s employees, contractors, service providers and consultants) to operate, maintain, repair, reconstruct, and replace the improvements, betterments and/or facilities located and constructed within (i) the Cross Access and Utility Easement Areas, (ii) the Monument Sign 1 Easement Area, (iii) the Monument Sign 2 Easement Area, (iv) the Monument Sign 3 Easement Area, and (v) the Life Time Signage Easement Area, and the Operator shall indemnify, defend and hold harmless the Parties’ Parcels from any claims, causes of action, damages, and injuries arising from such activities and shall not permit any mechanics liens to accrue against either Parcel. 3. Restrictionsand Covenants. 6 Qbhf!549!pg!623 3.1.Prohibited Uses. Except with the prior written consent of (i) LT Owner so long asLT Owner owns any portion of the Remainder Parcels, and (ii) the Occupant of the Health Club Parcel, no portion of the Remainder Parcels may be used for any of the uses or purposes set forth in Exhibit I attached hereto. 3.2.Maintenance of Improvements on each Parcel. Except for the construction and maintenance of the improvements, betterments and facilities within (i) the Cross Access and Utility Easement Areas, (ii) the Monument Sign 1 EasementArea, (iii) the Monument Sign 2 Easement Area, (iv) the Monument Sign 3 Easement Area, and (v) the Life Time Signage Easement Area, which shall be maintained by the Operator, each Owner shall, at its sole cost and expense, maintain all Improvements, betterments and facilities on such Owner’s Parcel including but not limited to, stormwater ponds, sidewalks, parking areas, lighting, and landscaping located on such Owner’s Parcel in good order, condition, and repair. Each Parcel shall have parking that is in compliance with applicable Legal Requirements, without variance. Parcels shall not share any parking. 3.3.Hazardous Materials. No Party or Occupant shall use, or permit the use of Hazardous Materials in, on, or about its Parcel, except in the ordinary course of its usual business operations conducted thereon, and any such use shall at all times be in compliance with all Legal Requirements (including Environmental Laws). Each Party and Occupant agrees to defend, protect, indemnify and hold harmless each other from and against all claims or demands, including any action or proceeding brought thereon, and all costs, losses, expenses and liabilities of any kind relating thereto, including, without limitation, costs of investigation, remedial response, and reasonable attorneys’ fees and costs of suit, arising out of or resulting from any Hazardous Materials used or permitted to be used by such indemnifying Party or Occupant, whether or not in the ordinary course of business, including (without limitation) Hazardous Materials used or permitted to be used. Without limiting the foregoing, for the purpose of this Section 3.3, the term (a) “Hazardous Materials” shall mean: petroleum products, asbestos, polychlorinated biphenyls, radioactive materials and all other dangerous, toxic or hazardous pollutants, contaminants, chemicals, materials or substances listed or identified in, or regulated by, any Environmental Law, and (b) “Environmental Laws” shall mean: all federal, state, county, municipal, local and other statutes, laws, ordinances and regulations that relate to or deal with human health or the environment, all as may be amended from time to time. 3.4.Prohibited Activities. Except with the prior written consent of the Occupant of the Health Club Parcel and the Owner of the Remainder Parcels, the following is prohibited in any part of the Health Club Parcel or the Remainder Parcels: civic, public or politicalactivities, including without limitation, (a) exhibiting any placard, sign, or notice, (b) distribution of any circular, handbill, placard, or booklet, (c) soliciting memberships or contributions for private, civic, public or charitable purposes, and (d) parading, picketing, or demonstrating. No portion of the Parcels may be used for outdoor storage of any kind nor for the storage or disposal of garbage, refuse or debris (other than in trash enclosures and receptacles intended for such purposes). No freestanding 7 Qbhf!54:!pg!623 broadcasting towers nor telecommunication antennas shallbeerected on anypart of the Parcels; provided, however, that this restriction shall not prohibit the installation of concealed or interior rooftop antennas or antennas otherwise integrated into the design of the Health Club Parcel or the Remainder Parcels, wiring,metal or carbon fiber elements, and satellite dishes used to receive radio, television, or electromagnetic waves. 3.5.City Parcel. Notwithstanding anything to the contrary contained in this Declaration, the City Parcel shall only be used and maintained as a stormwater pond with related infrastructure and improvements to serve the development platted as Prestwick rd Place 23 Addition, Dakota County, Minnesota and other properties for which the City Engineer determines there is sufficient capacity. 4. Construction, Maintenance and Repair. 4.1.Improvements and Parcels. Each Party shall, at its sole cost, take good care of the Improvements located on its Parcel(s) and its Parcel(s) and shall at all times keep the same in good order and condition, ordinary wear and tear excepted, make all necessary repairs thereto, exterior and structural, and keep the same in compliance with all Legal Requirements. While it is acknowledged and agreed that pursuant to the terms of this Declaration, no Party shall have an obligation to commence construction of any building on its Parcel, each Party agrees that once it has commenced construction of a building, such building will be accomplished and completed within a reasonable time. Upon commencement of construction, each Party covenants and agrees to diligently pursue completion of the construction. With respect to each building constructed on the Remainder Parcels, (a) each building shall have a parapet which fully screens any roof-top units so that such roof-top units are not visible from the second story of the building to be located on the Health Club Parcel and which is flush with the exterior wall elevation, (b) the rear of any building shall not face the Health Club Parcel; (c) trash enclosures shall be architecturally screened with materials matching the building and service doors to such enclosures shall not face the Health Club Parcel; (d) each building elevation shall have an exterior consisting of a combination of at least any three (3) of the following: brick, stone, Exterior Insulation Finishing Systems (EIFS), or glass, provided that no building elevation shall contain more than thirty percent (30%) EIFS; (e) no dock doors shall be permitted on any building, and roll-up doors shall not face the Health Club Parcel; (f) without limiting the foregoing, no buildings, structures, or improvements of any kind shall be constructed, installed, or erected without the prior written approval of LT Owner, for so long as it is a fee title Owner of any portion of the Remainder Parcels and/or the Occupant of the Health Club Parcel, of the site plan, landscape plan, building architecture, building elevations, and signage plan (which shall be generally consistent with the theme and architecture of the building elevations), which approval shall not be unreasonably withheld, and (g) until building construction commences on any portion of the Remainder Parcels, such Parcels shall be seeded with grass and shall be mowed and maintained to a height no greater than 6”. 8 Qbhf!551!pg!623 4.2. Maintenance of Cross Access and Utility Easement, Monument Sign 1 Easement, Monument Sign 2 Easement, Monument Sign 3 Easement and Life Time Signage Easement. Maintenance of any improvements, betterments and/or facilities constructed within or upon (i) the Cross Access and Utility Easement Areas, (ii) the Monument Sign 1 Easement Area, (iii) the Monument Sign 2 Easement Area, (iv) the Monument Sign 3 Easement Area, and (v) the Life Time Signage Easement Area shall be in compliance with all Legal Requirements and in accordance with Section 2 and Section 5 of this Declaration. 4.3. Repair; Standards. The term “repairs” as used in this Article 4 shall include, but not be limited to, allreplacementsandrenewalsandallnecessary or appropriate alterations, additions and betterments, necessary or appropriate to put and keep the Improvements in good order, condition, and repair. The necessity for and adequacy of the repairs to any Improvements made or required to be made pursuant to this Article 4 shall be measured by the requirements of buildings of similar construction and age containing similar facilities that are prudently managed and operated with due regard for the value of the Health Club Parcel or the Remainder Parcels. 4.4 No changes. No Party may close, alter, amend, modify or change the City Parcel,(i) the Cross Access and Utility Easement Areas, (ii) the Monument Sign 1 Easement Area, (iii) the Monument Sign 2 EasementArea, (iv) the Monument Sign 3 Easement Area, and (v) the Life Time Signage Easement Area except in accordance with Section 9.4. 5. Cross Access and Utility Easement, Monument Sign 1 Easement, Monument Sign 2 Easement, Monument Sign 3 Easement, and Life Time Signage Easement; Maintenance Obligations. 5.1.Operator. Except as set forth in Section 5.3 below, Operator shall operate, manage, maintain,repair and replace the improvements, betterments and/or facilities constructed within or upon (i) the Cross Access and Utility EasementAreas, (ii) the Monument Sign 1 Easement Area, (iii) the Monument Sign 2 Easement Area, (iv) the Monument Sign 3 EasementArea, and (v) the Life Time Signage Easement Area in good condition in accordance with the terms and conditions of this Declaration. Operator will initially pay for the costs incurred pursuant to this Section 5.1, subject to reimbursement by the Owner of the Health Club Parcel and the Owner of the Remainder Parcels, as provided herein. Notwithstanding the foregoing, if the Operator is the Occupant of the Health Club Parcel under the LT Lease, such reimbursement from the Owner of the Health Club Parcel shall be allocated pursuant to the terms of the LT Lease. 5.2.Allocable Share; Payments. For purposes of reimbursement to the Operator for the costs, fees and expenses associated withmaintaining, managing, repairing and replacing the improvements, betterments and/or facilities constructed within or upon (i) the Cross Access and Utility Easement Areas, (ii) the Monument Sign 1 EasementArea, (iii) the Monument Sign 2 Easement Area, and (iv) the Monument Sign 3 Easement Area, 9 Qbhf!552!pg!623 or associated with (i)the Cross Access and Utility Easement, (ii)the Monument Sign 1 Easement, (iii) the Monument Sign 2 Easement, and (iv) the Monument Sign 3 Easement, the Owner of the Health Club Parcel shall be allocated and assessed 50% of these costs and the Owner of the Remainder Parcels shall be allocated and assessed the remaining 50% of these costs (collectively, the “Allocable Shares”). The Owner of the Health Club Parcel and the Owner of the Remainder Parcels shall pay their respective Allocable Share to the Operator within thirty (30) days of receipt of invoices for such expenses noting the Allocable Shares. Further, upon the conveyance of each of the Remainder Parcels (or any portion thereof), each applicable successor-in-interest to all or any portion of a Remainder Parcel shall assume the obligation to pay its proportionate share of the Allocable Share for the Remainder Parcels based upon the relative land area that such successor’s parcel bears to the total area of the Remainder Parcels. 5.3.City Parcel. Notwithstanding anything to the contrary contained in this Declaration, the City shall, at its sole cost and expense, operate, manage, maintain, repair and replace the improvements, betterments and/or facilities constructed within or upon the City Parcel, including without limitation the storm water pond(s) and related infrastructure and improvements, in good condition and repair and as soon as the need therefor arises. 5.4.Life Time Signage Easement; Payments. For purposes of reimbursement to the Operator for the costs, fees and expenses associated with maintaining, managing, repairing and replacing the improvements, betterments and/or facilities constructed within or upon the Life Time Signage Easement Area or associated with the Life Time Signage Easement, the Owner of the Health Club Parcel shall be allocated and assessed 100% of these costs (the “Life Time Signage Costs”). The Owner of the Health Club Parcel shall pay the Life Time Signage Costs to the Operator within thirty (30) days of receipt of invoices for such expenses noting the Life Time Signage Costs. Notwithstanding the foregoing, if the Operator is the Occupant of the Health Club Parcel under the LT Lease, such reimbursement from the Owner of the Health Club Parcel shall be allocated pursuant to the terms of the LT Lease. 6. Taxes and Assessments. Each Party shall pay, or cause to be paid prior to delinquency, all taxes and assessments with respect to its Parcel and Improvements, and any personal property owned or leased by such Party, provided that if the taxes or assessments or any part thereof may be paid in installments, such Party may pay each such installment as and when the same becomes due and payable. Nothing contained in this Article 6 shall prevent any Party from contesting at its cost and expense any such taxes and assessments with respect to its property in any manner such Party elects, so long as such contest is maintained with reasonable diligence and in good faith. At the time as such contest is concluded (allowing for appeal to the highest appellate court) or earlier if required by law, the contesting Party shall pay all such taxes and assessments determined to be owing, together with all interest, penalties and costs thereon. 7. Casualty; Taking. 10 Qbhf!553!pg!623 7.1 Damage or Destruction; Taking. 7.1.1 Damage/Takingto Parcels Generally. In the event of any loss or damage from a casualty to all or any part of the Health Club Parcel or the Remainder Parcels (including in the event of a Taking), other than (i) the Cross Access and Utility Easement Areas, (ii) the Monument Sign 1 Easement Area, (iii) the Monument Sign 2 Easement Area, (iv) the Monument Sign 3 Easement Area, and (v) the Life Time Signage Easement Area, each Party shall, within one hundred twenty (120) days of the date of such damage, determine whether to Restore its Improvements (with insurance proceeds and/or at its own expense to the extent that the replacement cost of such damage is not sufficiently insured), and notify the other Parties of its decision. If no notice electing to Restore is given to the other Parties within such one hundred twenty (120) day period, the Partyfailing tosendsuch notice shall be deemed to have elected not to Restore its Improvements. If any Party elects to Restore its Improvements, such Party shall proceed with diligence to Restore its Improvements. IfanyParty elects not toRestore its Improvements, itshall neverthelesspromptly clean up the affected Improvements, remove debris, and remove or repair any damaged building frameworks and outer shells therefrom and make such framework and outer shells compatible with those portions of the Improvements remaining undamaged or which will be Restored. 7.1.2 Damageto Easement Areas. In the event of any loss or damage from a casualty to all or any part of (i) the Cross Access and Utility Easement Areas, (ii) the Monument Sign 1 Easement Area, (iii) the Monument Sign 2 Easement Area, (iv) the Monument Sign 3 EasementArea, and (v) the Life Time Signage Easement Area, the (a) the Cross Access and Utility Easement, (b) the Monument Sign 1 Easement, (c) the Monument Sign 2 Easement, (d) the Monument Sign 3 Easement, and (e) the Life Time Signage Easement, and improvements, betterments and facilities therein shall be fully restored by the applicable Owner(s) of the Parcel(s) on which the damaged easement area(s) are located, and the cost of such restoration shall be paid by such Owner’s insurance proceeds and/or at its own expense to the extent that the replacement cost is not sufficiently insured. 7.1.3 Taking of Easement Areas. In the event of a Taking of all or any part of the (i) the Cross Access and Utility Easement Areas, (ii) the Monument Sign 1 Easement Area, (iii) the Monument Sign 2 Easement Area, (iv) the Monument Sign 3 EasementArea, and (v) the Life Time Signage Easement Area, unless otherwise agreed to by the Owner of the Health Club Parcel and the Owner of the Remainder Parcels, the Owner of the Health Club Parcel and the Owner of the Remainder Parcels shall use any compensation received for the Taking of such easement area(s) in accordance with their Allocable Shares 11 Qbhf!554!pg!623 to restore, and as necessary, relocate such easementarea(s)so that such easements can be operated for their intended purpose. 7.2 Effect on Allocable Share. The Allocable Share of a Party shall not be affectedby anyloss or damage toitsImprovements, whether or not Restored. 7.3 City Parcel. 7.3.1 Damage to City Parcel. Notwithstanding anything to the contrary set forth in this Declaration, in the event of any loss or damage to all or any part of the City Parcel, the City shall promptly Restore all improvements, betterments and facilities within the City Parcel at the City’s sole cost and expense. 7.3.2 Taking of City Parcel. In the event of a Taking of all or any part of the City Parcel, unless otherwise agreed to by the City, the Owner of the Health Club Parcel and the Owner of the Remainder Parcels, the City shall use any compensation received for the Taking of such area(s) to restore such area(s) so that such area(s) can be operated for their intended purpose, or if restoration is not feasible, as determined by the City, the Owner of the Health Club Parcel and the Owner of the Remainder Parcels, the foregoing Parties shall cooperate to relocate the stormwater pond with related infrastructure and improvements rd to serve the development platted as Prestwick Place 23 Addition, Dakota County, Minnesota. 8. Default. 8.1.Event of Default. The occurrence of any one or more of the following events shall constitute an “Event of Default”by the non-performing Party(the “Defaulting Party”): 8.1.1 The failure to make any payment required to be made hereunder within fifteen (15) days after receipt of written notice that a payment was not paid when due, or 8.1.2. The failure to observe or perform any of the covenants, conditions or obligations of this Declaration within thirty (30) days after notice by the Operator or Owner of the Health Club Parcel or the Owner of the Remainder Parcels specifying the nature of the default claimed (unless the claimed default cannot reasonably be cured within such 30-day period, in which event no default shall have occurred so long as such Party commences such cure within such 30-day period and thereafter diligently pursues such cure to completion). 8.2.Self-Help. With respectto any Event of Default, the Operator or Ownerof the Health Club Parcel or Owner of the Remainder Parcels shall have the right, but not the 12 Qbhf!555!pg!623 obligation, to cure such default bythe payment of money or the performance of some other action for the account of and at the expense of the Defaulting Party; provided, however, that in the event the default shall constitute an emergency condition, the Operator or Owner of the HealthClub Parcel or Owner of the Remainder Parcels,acting in good faith, shall have the right to cure such default upon such advance notice as is reasonably possible under the circumstances or, if necessary in the case of emergency, without advance notice, so long as notice is given as soon as possible thereafter. To effectuate any such cure, the Operator or Owner of the Health Club Parcel or Owner of the Remainder Parcels shall have the right to enter upon the Parcel and Improvements of the Defaulting Party to perform any necessary work or furnish any necessary materials or services to cure the default of the Defaulting Party. Each Party shall be responsible for the default of its Occupants. In the event the Operator or Owner of the Health Club Parcel or the Owner of the Remainder Parcels shall cure a default, the Defaulting Party shall reimburse the non-defaulting Party for all out-of-pocket costs and expenses incurred in connection with such curative action, plus (a) ten percent (10%) thereof as compensation for administration, overhead and other non-out-of-pocket costs, and (b) interest at the Interest Rate as provided herein, within thirty (30) days of receipt of an invoice therefor together with reasonable documentation supporting the expenditures made. 8.3.Lien. After failure to timely pay any Allocable Share and/or interest accruing pursuant to Section 8.2, such amounts shall constitute a lien against the Defaulting Party’s Parcel and Improvements. The lien shall attach and take effect only upon, and have priority from and after, recordation of a claim of lien against the Parcel in question in the office of the County Recorder for Dakota County, Minnesota by the Operator or Owner of the Health Club Parcel or the Owner of the Remainder Parcels making the claim. The claim of lien shall include the following: (a) The name of the lien claimant; (b) A statement concerning the basis for the claim of lienand identifying the lien claimant; (c) An identification of the Party or reputed Party for the Parcel and Improvements against which the lien is claimed; (d) A description of the Parcel against which the lien is claimed; (e) A description of the work performed which has given rise to the claim of lien and a statement itemizing the amount thereof; and (f) A statement that the lien is claimed pursuant to the provisions of this Declaration, reciting the document number anddate of recording of this Declaration. The notice shall be duly verified, acknowledged and contain a certificate that a copy thereof has been served upon the Party against whom the lien is claimed, by personal service or by mailing pursuant to the notice provisions 13 Qbhf!556!pg!623 hereof.The lien so claimed shall attach from the date of recording solely in the amount claimed thereby and may be enforced in any judicial proceeding allowed by law, including, without limitation, suit in the nature of a suit to foreclose a mortgage or mechanic’s lien under the applicable provisionsof the law of the State of Minnesota. 8.4. Enforcement. The Operator or Owner of the Health Club Parcel or Owner of the Remainder Parcels shall have the right to prosecute any proceedings at law or in equity against any Defaulting Party violating or attempting to violate or defaulting upon any of the provisions contained in this Declaration, and to recoverdamages for any such violation or default. Such proceeding shall include the right to restrain by injunction, without the necessity of posting any bond or other security any violation or threatened violation by another of any of the terms, covenants, or conditions of this Declaration, or to obtain a decree to compel performance of any such terms, covenants, or conditions, it being agreed that the remedy at law for a breach of any such term, covenant, or condition (except those, if any, requiring the payment of a liquidated sum) is not adequate. All of the remedies permitted or available to any Party under this Declaration or at law or in equity shall be cumulative and not alternative, and invocation of any such right or remedy shall not constitute a waiver or election of remedies with respect to any other permitted or available right or remedy. 8.5.Interest. If at any time a Party shall fail to pay any sum payable hereunder to another within five days (5) after the due date, such delinquent Party shall pay interest on such amount from the due date to and including the date such payment is received by the party entitledthereto,at the Interest Rate. 9. Miscellaneous. 9.1.Relationship of Parties. No provision of this Declaration and no action taken pursuant hereto shall create any relationship between the Parties other than as specifically set forth herein. 9.2.Headings; Interpretation. The language inthisDeclaration shall be construed simply according to its generally understood meaning, and not strictly for or against any Party and no interpretation shall be affected by which party drafted any part of this Declaration. Whether or not expressly provided where such term appears in this Declaration, the term “include” (andany variation thereof) is not limiting and instead means “including but not limited to” and the term “sole” or “absolute” discretion meansa party’ssole, unqualified and absolute discretion. The headings to the Articlesand Sections of this Declaration are incorporated for convenience only and shall have no effect upon the construction or interpretation of this Declaration. 9.3.Time. Time is of the essence of this Declaration and each and all of its provisions. 14 Qbhf!557!pg!623 9.4.Amendment or Modification. This Declaration andany of the rights, licenses and easements created hereby may be terminated or amended by an instrument duly executed by the Owner of each Parcel, the current Occupant of the Health Club Parcel and the holder of any mortgage on the fee title of each Parcel and the holder of any certificate of sale arising from foreclosure of anysuch mortgage, and no other party need joinin or consent to any such termination or amendment to make the same effective, and all such parties shall be bound by any amendment duly adopted hereunder provided that said amendment is duly recorded with in the Real Property Records of Dakota County, Minnesota. Any purported amendment or termination not executed or consented to by all of the parties whose execution or consentis required under the term of this Section 9.4 shall be of no force or effect. 9.5.Attorney’s Fees. In any action brought by any Party to this Declaration in enforcing the terms and conditions hereof, the prevailing party in an adjudicated dispute shall be entitled to recover its reasonable attorneys’ fees, at the hourly rate in effect for the City’s appointed legal counsel, and costs from the non-prevailing party. 9.6.Law Applicable. This Declaration shall be governed by and construed under the laws of the State of Minnesota. 9.7.Merger Not Intended. Common ownership of any Parcels or Improvements shall not cause this Declaration to be extinguished by operation of merger in whole or in part. 9.8.CommerciallyReasonable. Withrespect to matters arising under this Declaration, each Party and Occupant shall act in a commercially reasonable manner except when another standard is expressly provided. 9.9.Run With the Land; Term. Declarant does hereby declare that the Parcels are, and shall be, held, transferred, sold, conveyed and occupied subject to the restrictions, easements and covenants of this Declaration, which restrictions, easements and covenants (a) are for the purpose of protecting the value, desirability and amenities of the Health Club Parcel and the Remainder Parcels; (b) shall operate as equitable covenants, restrictions and reservations, that shall run with each Parcel and be binding on all parties having any right, title or interest in the same, their heirs, personal representatives, successors and assigns, and shall inure to the benefit of each of such other parties’ heirs, personal representatives, successors and assigns; and (c) are imposed upon each Parcel, respectively, as a servitude in favor of the other Parcel. This Declaration shall remain in effect for an initial term of thirty (30) years and will automatically continue for ten (10) year renewal terms. 9.10.Notices. Anynotice, demand, request, consent, approval or other communication required or permitted under this Declaration shall be (a) in writing, and (b) addressed to each party as provided below, and (c) deemed to have been given upon delivery (or rejection by the addressee) when (i) personally delivered, (ii) sent by electronic 15 Qbhf!558!pg!623 mail (provided that in addition to the email, the notifying party also provides notice by one of the other acceptable means hereunder), (ii) sent by certified or registered mail, postage prepaid, returnreceipt requested, or (iii) sent by a recognized overnight mail service; provided, however, that in the case of a notice of payment default, the notice will be deemed given upon receipt (or rejection by theaddressee). City: City of Rosemount Attn: City Administrator th 2875 145Street West Rosemount, MN 55068-4997 Email: Logan.Martin@ci.rosemount.mn.us Rosemount: Rosemount Port Authority Attn: City Administrator th 2875 145 Street West Rosemount, MN 55068-4997 Email: Logan.Martin@ci.rosemount.mn.us LT Owner: LTF Real Estate Company, Inc. 2900 Corporate Place Chanhassen, MN 55317 Attn: Aaron Koehler Email: akoehler@lt.life with a copy to: LTF Real Estate Company, Inc. 2900 Corporate Place Chanhassen, MN 55317 Attn: Kari Broyles Email: kbroyles@lt.life Operator: LTF Lease Company, LLC. 2900 Corporate Place Chanhassen, MN 55317 Attn: Kari Broyles Email: kbroyles@lt.life with a copy to: LTF Lease Company, LLC 2900 Corporate Place Chanhassen, MN 55317 Attn: Property Management Email: propertymanagement@lt.life 16 Qbhf!559!pg!623 Also, with respect to successors-in-interest to the Remainder Parcels, to the addresses provided by such successors. 9.11.Severability. If any termof this Declaration or any application thereofshall be invalid or unenforceable, then the remainder of this Declaration and any other application of such term shall not be affected thereby. 9.12.Limitation on Liability. Each Party for any part of the Health Club Parcel or the Remainder Parcels shall be liable under this Declaration only for matters that arise during such Party’s period of ownership or their interest in the Health Club Parcel or the Remainder Parcels in question; provided, however, that such Party has sent notice of the new owner together with the relevant contact information for said new owner to the other Party. 9.13.Estoppels. Each Party, within fifteen (15) days of a writtenrequestfromany other Party, shall execute, acknowledge and deliver an estoppel certificate, in a mutually acceptable form, certified to such requesting Party (or its designated party), without charge, certifying that (a) this Declaration is in full force and effect, without modification(or if there have been modifications, identifying the modifications); (b) there are no existing defaults nor does any set of facts exist which with the passage of time or the giving of notice or both would constitute a default (or if so, specifying the nature and extent thereof); and (c) such other information concerning the status of Parcels as may be reasonably requested. 9.14.Force Majeure. Owners shall be excused from performing any non- monetary obligation set forth in this Declaration during the period the performance of such non-monetary obligation is prevented or delayed by a weather event or other act of the elements, fire, earthquake, flood, explosion, war, invasion, insurrection, riot, malicious mischief, vandalism, larceny, inability to procure or general shortage of labor, equipment, facilities, materials or supplies in the open market, failure of transportation, strikes, lockouts, orders of governmental authorities, pandemic, epidemic or any other cause reasonably beyond the control of the Owner that is prevented from or delayed in carrying out such non-monetary obligation. 9.15.Mortgage Subordination. Any mortgage or deed of trust that becomes effective after the recording of this Declaration and affects any Parcel shall at all times be subject and subordinate to the terms of this Declaration, and any party foreclosing any such mortgage or deed of trust, or acquiring title by deed in lieu of foreclosure or trustee sale in connection with such mortgage or deed of trust, shall acquire title subject to all the terms and conditions of this Declaration. 9.16.Non-Waiver. The failure of any Owner to insist upon strict performance of any of the terms, covenants or conditions of this Declaration shall not be deemed a waiver 17 Qbhf!55:!pg!623 of any rights or remedies which such Owner may have hereunder under applicable Legal Requirements or equity and shall not be deemed a waiver of any subsequent breach or default in any of such terms, covenants or conditions. 9.17.Signage. Notwithstanding anything to the contrary contained in this Declaration, in no event shall any Owner, Occupant, Permittee or other party install, place, display or allow any installation, placement or display of any signage or banner of any kind on the Remainder Parcels whose use is or would be excluded under this Declaration. 9.18.Insurance and Indemnification. The Owner of the Health Club Parcel and the Owner of the Remainder Parcels shall maintain or cause to be maintained, in full force and effect, commercial general liability insurance on their respective Parcels, in an amount not less than Two Million Dollars ($2,000,000) per occurrence, Four Million Dollars ($4,000,000) in the aggregate. Such insurance shall include the following provisions: (a) the policy may not be canceled or materially reduced in amount or coverage without at least thirty (30) days’ prior written notice by the insurer to the other Owner(s); (b) the policy shall name the other Owner(s) as additional insureds; and (c) the policy shall provide for severability of interests. The Owner of the Health Club Parcel covenants and agrees to indemnify, defend and hold harmless the Owner of the Remainder Parcels, its Occupants and the Operator from and against all claims, actions, costs, expenses and liabilities (including reasonable attorneys’ fees and costs of suit incurred in connection with any of the foregoing), to the extent arising from or as a result of the injury to or death of any one or more natural persons, or damage to the property of any one or more persons caused by the negligence or willful wrongful act of the Owner of the Health Club Parcel or anyone for whom the Owner of the Health Club Parcel is responsible under this Declaration or applicable Legal Requirements, including Occupants. The Owner of the Remainder Parcels covenants and agrees to indemnify, defend and hold harmless the Owner of the Health Club Parcel, its Occupants and the Operator from and against all claims, actions, costs, expenses and liabilities (including reasonable attorneys’ fees and costs of suit incurred in connection with any of the foregoing), to the extent arising from or as a result of the injury to or death of any one or more natural persons, or damage to the property of any one or more persons caused by the negligence or willful wrongful act of the Owner of the Remainder Parcels or anyone for whom the Owner of the Remainder Parcels is responsible under this Declaration or applicable Legal Requirements, including Occupants. (Signature Pages Follow) 18 Qbhf!561!pg!623 Signature Page to Declaration of Easements and Covenants IN WITNESSWHEREOF, theRosemount Port Authority has caused this Declaration to be duly executed in its name and behalf as of the date first above written. DECLARANT: Rosemount Port Authority, a Minnesota body corporate and politic By: _______________________________ Name: ____________________________ Its: _______________________________ By: _______________________________ Name: ____________________________ Its: _______________________________ STATE OF MINNESOTA ) ) ss. COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this _____ day of June, 2023, by ____________________________ and ______________________, as _____________ and ________________, respectively, of the Rosemount Port Authority, a Minnesota body corporate and politic, for and on behalf of said body. Notary Public 19 Qbhf!562!pg!623 Signature Page to Declaration of Easements and Covenants IN WITNESS WHEREOF, LTF Real Estate Company, Inc., has caused this Declaration to be duly executed in its name and behalf as of the date first above written. DECLARANT: LTF REAL ESTATE COMPANY, INC., a Minnesota corporation By: _______________________________ Name: ____________________________ Its: _______________________________ STATE OF MINNESOTA ) ) ss. COUNTY OF CARVER ) The foregoing instrument was acknowledged before me this _____ day of June, 2023, by _________________, as ____________________ of LTF Real Estate Company, Inc., a Minnesota corporation, for and on behalf of said corporation. Notary Public 20 Qbhf!563!pg!623 Signature Page to Declaration of Easements and Covenants IN WITNESSWHEREOF, the City of Rosemount, Minnesota, has caused this Declarationto be duly executed in itsname and behalf as ofthedate first above written. DECLARANT: CITY OF ROSEMOUNT, MINNESOTA, a Minnesota municipal corporation By: Name: Its: Mayor By: Name: Erin Fasbender Its: City Clerk STATE OF MINNESOTA ) ) SS: COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this ____ day of June, 2023, by ________________________________, the Mayor and by Erin Fasbender, the City Clerk of the City of Rosemount, Minnesota, a Minnesota municipal corporation, on behalf of the City. Notary Public 21 Qbhf!564!pg!623 EXHIBIT A to Declaration of Easements and Covenants Health Club Parcel Lot 1, Block 1, Prestwick Place 23rd Addition, according to the recorded plat thereof, Dakota County, Minnesota. 22 RS220-402-800673.v6 Qbhf!565!pg!623 EXHIBIT B to Declaration of Easements and Covenants Remainder Parcels rd Outlots A and C, Prestwick Place 23Addition, according to the recorded plat thereof, Dakota County, Minnesota. 23 RS220-402-800673.v6 Qbhf!566!pg!623 EXHIBIT C to Declaration of Easements and Covenants City Parcel rd Outlot B, Prestwick Place 23Addition, according to the recorded plat thereof, Dakota County, Minnesota. Qbhf!567!pg!623 EXHIBIT D to Declaration of Easements and Covenants Cross Access and Utility Easement Those parts of Lot 1, Block 1, Outlot A, Outlot B and Outlot C, PRESTWICK PLACE 23RD ADDITION, according to the recorded plat thereof, Dakota County, Minnesota, described as follows: Beginning at the southwest corner of said Outlot A; thence North 00 degrees 27 minutes 45 seconds East, assumed bearing along the west line of said Outlot A, a distance of 25.69 feet; thence southeasterly along a non-tangential curve, concave to the northeast, having a central angle of 28 degrees 12 minutes 42 seconds, a radius of 84.33 feet for an arc distance of 41.52 feet, the chord of said curve bears South 75 degrees 53 minutes 39 seconds East; thence on a bearing of East, tangent to said curve, a distance of 82.94 feet; thence North 86 degrees 18 minutes 37 seconds East, a distance of 125.34 feet; thence on a bearing of East, a distance of 40.48 feet; thence on a bearing of North, a distance of 18.70 feet; thence northeasterly along a non-tangential curve, concave to the northwest, having a central angle of 72 degrees 39 minutes 40 seconds, a radius of 55.33 feet for an arc distance of 70.17 feet, the chord of said curve bears North 43 degrees 30 minutes 31 seconds East; thence northeasterly along a reverse tangential curve, concave to the southeast, having a central angle of 18 degrees 43 minutes 06 seconds, a radius of 419.50 feet for an arc distance of 137.05 feet; thence North 25 degrees 53 minutes 47 seconds East, tangent to said curve, a distance of 278.57 feet; thence North 18 degrees 01 minute 00 seconds West, a distance of 14.07 feet to the northerly line of said Outlot A; thence southeasterly along said northerly line, on a non-tangential curve, concave to the southwest, having a central angle of 01 degree, 21 minutes 24 seconds, a radius of 800.00 feet for an arc distance of 18.94 feet, the chord of said curve bears South 65 degrees 01 minute 58 seconds East; thence South 64 degrees 21 minutes 16 seconds East, along said northerly line and along the northerly line of said Lot 1, Block 1, tangent to said curve, a distance of 40.12 feet; thence South 25 degrees 38 minutes 44 seconds West, a distance of 240.33 feet; thence southerly along a tangential curve, concave to the east, having a central angle of 28 degrees 02 minutes 21 seconds, a radius of 348.33 feet for an arc distance of 170.46 feet, the chord of said curve bears South 11 degrees 37 minutes 33 seconds West; thence South 10 degrees 40 minutes 21 seconds East, not tangent to said curve, a distance of 194.59 feet; thence southeasterly along a non-tangential curve, concave to the northeast, having a central angle of 73 degrees 52 minutes 02 seconds, a radius of 473.00 feet for an arc distance of 609.80 feet, the chord of said curve bears South 66 degrees 15 minutes 11 seconds East; thence North 76 degrees 48 minutes 47 seconds East, tangent to said curve, a distance of 200.74 feet to the easterly line of said Lot 1; thence southeasterly along said easterly line of said Lot 1 and the easterly line of said Outlot C, on a non-tangential curve, concave to the east, having a central angle of 04 degrees 38 minutes 30 seconds, a radius of 325.00 feet, for an arc distance of 26.33 feet, the chord of said curve bears South 12 degrees 57 minutes 10 seconds East; thence southerly along said easterly line on a reverse tangential curve, concave to the west, having a central angle of 04 degrees 36 minutes 50 seconds, a radius of 324.88 feet for an arc distance of 26.16 feet; thence South 77 degrees 46 minutes 06 seconds West, not tangent to said curve, a distance of 211.72 feet; thence northwesterly along a tangential curve, concave to the northeast, having a central angle of 64 degrees 20 minutes 09 seconds, a radius of 522.00 feet for an arc distance of 586.14 feet; thence North 37 degrees 53 minutes 45 seconds West, tangent to said curve, a distance of 152.27 feet; thence westerly along a Qbhf!568!pg!623 tangential curve, concave to the southwest having a central angle of 48 degrees 29 minutes 36 seconds, a radius of 105.00 feet for an arc distance of 88.87 feet; thence North 86 degrees 23 minutes 22 seconds West, tangent to said curve, a distance of 146.77 feet; thence North 89 degrees 59 minutes 51 seconds West, a distance of 75.74 feet; thence southwesterly along a tangential curve, concave to the southeast, having a central angle of 42 degrees 44 minutes 09 seconds, a radius of 70.32 feet for an arc distance of 52.45 feet to the west line of said Outlot B; thence North 00 degrees 27 minutes 45 seconds East along said west line, not tangent to said curve, a distance of 52.34 feet to the point of beginning. Qbhf!569!pg!623 EXHIBIT D Cont. \[attach depictionof Cross Access and Utility EasementAreas\] Qbhf!56:!pg!623 EXHIBIT E to Declaration of Easements and Covenants Monument Sign 1Easement That part of Outlot A, PRESTWICK PLACE 23RD ADDITION, according to the recorded plat thereof, Dakota County, Minnesota, described as follows: Commencing at the northeast corner of said Outlot A; thence North 64 degrees 21 minutes 16 seconds West, assumed bearing along the northerly line of said Outlot A, a distance of 24.45 feet; thence northwesterly along a tangential curve and along said northerly line, concave to the southwest having a central angle of 01 degree 21 minutes 24 seconds, a radius of 800.00 feet for an arc distance of 18.94 feet to the point of beginning; thence continuing northwesterly, along last described curve and along said northerly line, having a central angle of 00 degree 57 minutes 04 seconds, a radius of 800.00 feet for an arc distance of 13.28 feet; thence South 25 degrees 45 minutes 05 seconds West, not tangent to said curve, a distance of 29.00 feet; thence South 64 degrees 06 minutes 13 seconds East, a distance of 22.96 feet; thence North 25 degrees 53 minutes 47 seconds East, a distance of 19.35 feet; thence North 18 degrees 01 minute 00 seconds West, a distance of 14.07 feet to the point of beginning. 28 Qbhf!571!pg!623 EXHIBIT E Cont. \[attach depictionof Monument Sign 1 EasementArea\] 29 Qbhf!572!pg!623 EXHIBIT F to Declaration of Easements and Covenants Monument Sign 2 Easement That part of Outlot B, PRESTWICK PLACE 23RD ADDITION, according to the recorded plat thereof, Dakota County, Minnesota, described as follows: Commencing at the northwest corner of said Outlot B; thence South 00 degrees 27 minutes 45 seconds West, assumed bearing along the west line of said Outlot B, a distance of 52.34 feet to the point of beginning; thence continuing South 00 degrees 27 minutes 45 seconds West, along said west line, a distance of 20.08 feet; thence South 89 degrees 52 minutes 20 seconds East, a distance of 24.00 feet; thence North 00 degrees 07 minutes 40 seconds East, a distance of 34.64 feet; thence southwesterly along a non-tangential curve concave to the southeast, having a central angle of 22 degrees 56 minutes 35 seconds, a radius of 70.32 feet for an arc distance of 28.16 feet to the point of beginning, the chord of said curve bears South 58 degrees 44 minutes 18 seconds West and has chord length of 27.97 feet. 30 Qbhf!573!pg!623 EXHIBIT F Cont. \[attach depictionof Monument Sign 2 EasementArea\] 31 Qbhf!574!pg!623 EXHIBIT G to Declaration of Easements and Covenants Monument Sign 3 Easement That part of Lot 1, Block 1, PRESTWICK PLACE 23RD ADDITION, according to the recorded plat thereof, Dakota County, Minnesota, described as follows: Commencing at the most southeasterly corner of said Lot 1; thence South 79 degrees 34 minutes 46 seconds West, assumed bearing along the southerly line of said Lot 1, a distance of 29.10 feet; thence North 06 degrees 28 minutes 54 seconds West, a distance of 17.46 feet to the point of beginning; thence continuing North 06 degrees 28 minutes 54 seconds West, a distance of 27.19 feet; thence North 83 degrees 31 minutes 06 seconds East, a distance of 26.28 feet to the easterly line of said Lot 1; thence southeasterly along a non-tangential curve and along said easterly line, concave to the east, having a central angle of 04 degrees 14 minutes 07 seconds, a radius of 325.00 feet for an arc distance of 24.02 feet, the chord of said curve bears South 08 degrees 30 minutes 52 seconds East and has a chord length of 24.02 feet; thence South 76 degrees 48 minutes 47 seconds West, not tangent to said curve, a distance of 27.32 feet to the point of beginning. 32 Qbhf!575!pg!623 EXHIBIT G Cont. \[attach depictionof Monument Sign 3 EasementArea\] 33 Qbhf!576!pg!623 EXHIBIT H to Declaration of Easements and Covenants Life Time SignageEasement Those parts of Outlot A, Outlot B and Lot 1, Block 1 PRESTWICK PLACE 23RD ADDITION, according to the recorded plat thereof, Dakota County, Minnesota, lying within the circumference of a circle, having a radius of 17.00 feet, the center of said circle is described as follows: Commencing at the northeast corner of said Outlot B; thence on a bearing of West, assumed bearing along the north line of said Outlot B, a distance of 1.37 feet to the center of said circle. 34 Qbhf!577!pg!623 EXHIBIT H Cont. \[attach depiction of Life Time Signage Easement Area\] 35 Qbhf!578!pg!623 EXHIBIT I to Declaration of Easements and Covenants Prohibited Uses and Purposes No portion of the Remainder Parcels shall be used for any of the following uses or purposes: (a) motor vehicle service, fuel or gas stations, motor vehicle repairs including without limitation any body and fender repair work, car washes, or the displaying, renting, leasing, or sale of any automobile, truck, boat, trailer or other motor or recreational vehicle that is not entirely conducted inside of a building; (b) a venture whose primary business is operation of video or arcade games; (c) adult book or video store; (d) health or fitness club, gym or any commercial facility used for physical exercise or individual or group fitness or athletic training regardless of whether such business charges membership dues, class fees or any other arrangement; (e) Yoga studio or facility; (f)Pilates studio or facility, (g) cycle studio or facility (e.g. SoulCycle), (h) Barre studio or facility; (i) any specialty fitness studio or facility; (j) boutique gym, fitness training facility (e.g. Orange Theory); (k) pickleball; (l) hair salon or nail salon; (m) day spa/spa, and/or any establishment that offers any or all of the services typically included in a day spa/spa, including, but not limited to, an operation that provides any of the following services massage therapy, hydrotherapy, facials, or body treatments, (n) medi-spa; (o) chiropractic; (p) physical therapy; 36 Qbhf!579!pg!623 (q)sale of nutritional products or supplements; (r)weight loss clinic; (s)café or restaurant whose food offerings primarily consist of organic and/or healthy food offerings; (t) collaborative office, “co-working” or shared workspace use; (u) a pet store or overnight boarding pet daycare and/or facilities; (v) warehouse or industrial use; (w) self-storage facility; (x) fast food restaurant (e.g., McDonald’s); (y) any use with a drive-through other than (A) a coffee shop (for example, Starbucks or Caribou Coffee), (B) banking facilities, (C) cleaners, if otherwise permitted herein), or pharmacies (such as CVS or Walgreens); (z) liquor store; (aa) bar, restaurant or other establishment whose liquor sales exceed 15% of its gross revenues; (bb) convenience store; (cc) establishment for the sale of guns or other firearms; (dd) tattoo or piercing parlor; (ee) so-called “head shops,” which are defined as facilities primarily used for selling products intended to assist, aid, or used in conjunction with the consumption of illegal drugs; (ff) sale or provision of marijuana, whether for therapeutic, medicinal or other purposes; (gg) any public or private nuisance; (hh) any obnoxious odor except customary odors emanating from restaurants; (ii)any fire, explosion or other damaging or dangerous hazard, including the storage, display, or sale of explosives or fireworks; (jj)any distillation (other than so-called micro-brewing of beer), refining, smelting, agriculture or mining operations; 37 Qbhf!57:!pg!623 (kk)any mobile home or trailer court, labor camp, junk yard, stock yard or animal raising; provided, however, that, notwithstanding the foregoing, pet shops shall be permitted; (ll)any drilling for and/or removal of subsurface substances; (mm)any dumping of garbage or refuse, other than in enclosed receptacles intended for such purpose; (nn) any cemetery, mortuary or similar service establishment; (oo) any fire sale, bankruptcy sale (unless pursuant to a court order) or auction operation; (pp) any church, synagogue, mosque or other place of worship or other religious use; (qq) any entertainment, recreation or amusement use, whether directed to children or adults, including, but notlimited to, any one or more of the following: theatre, skating rink, bowling alley, teenage discotheque, discotheque, dance hall, video game parlor, pool room, massage parlor, off-track betting facility, casino, card club, bingo parlor, facility containing gaming or gambling equipment, planned play environment, arcade games, amusement gallery, rides, video or redemption games, play for fun casino games, golf simulations, rodeo simulations, other sport simulations and carnival activities; (rr) any school, training, or educational facility, including but not limited to: beauty schools, barber colleges, nursery schools, day cares, diet centers, reading rooms, places of instruction or other operations catering primarily to students or traineesrather than to customers; provided however, this prohibition shall not be applicable to on-site employee training by an occupant incidental to the conduct of its business, a learning center for children and teenagers such as Sylvan Learning Center, any school affiliated with an accredited public university, college, or junior college; (ss) any second-hand or thrift stores, or flea markets; (tt)any dry cleaning facilities utilizing hazardous substances with an on-premises plant; provided, however, that nothing contained herein shall preclude a drop-off/pick-up dry cleaning business as long as no cleaning services are conducted at such location; (uu) warehousing or storage facilities of any kind unless incidental to another use permitted on the premises; (vv) call center or similar use; and (ww) use or occupancy of a building by a discount or reduced-price general or specialty retailer or merchandiser, including, but not limited to, Wal-Mart, K-Mart, Sam’s Club, T. J. Maxx, or Marshall’s. 38 Qbhf!581!pg!623 ______________________________________________________________________________ (Above Space Reserved for Recording Information) SITE DEVELOPMENT AGREEMENT This Site Development Agreement (the “Agreement is made and entered into effective as of June ____, 2023, by and between the Rosemount Port Authority, a Minnesota body corporate and politic (“Rosemount ”) and LTF Real Estate Company, Inc., a Minnesota corporation (“LT Owner ”). In this Agreement, Rosemount and LT Owner each are referred to individually as a “Party ” and collectively as the “Parties.” RECITALS A.The City of Rosemount (the “City ”), as buyer, and Akron 42, LLC, as seller, have executed that certain Purchase and Sale Agreement dated April 5, 2022, as amended and assigned (the “Purchase Agreement pursuant to which the City contracted to acquire that certain tract of land with all easements, hereditaments and appurtenances belonging thereto, located at northwest corner of County Road 42 and Akron Avenue in Rosemount, Minnesota, consisting of approximately 21.30 net developable acres in the aggregate, as legally described on Exhibit A attached hereto and made a part hereof (the “Development Property ”); and B.Pursuant to the terms of that certain Partial Assignment of Purchase Agreement, by and between the City and Rosemount, with the consent of Akron 42, LLC, as seller, dated April ____, 2023 (the “PA Assignment ”), Rosemount has agreed to acquire and become the fee owner of that portion of the Development Property containing approximately 10.88 net developable acres, as legally described on Exhibit B attached hereto and made a part hereof (the “Rosemount Property ”); and C.Pursuant to the terms of that certain Partial Assignment of Purchase Agreement, by and between the City and LT Owner, dated April 4, 2023 (the “LT Assignment ”), LT Owner has agreed to acquire and become the fee owner of a portion of the Development Property containing approximately 10.42 net developable acres, as legally described on Exhibit C attached hereto and made a part hereof (the “LT Owner Property ”); and Qbhf!582!pg!623 D.The City will retain ownership of the remaining portion of the Development Property containing approximately 0.00 developable acres, which is legally described as Outlot B, rd Prestwick Place 23 Addition, Dakota County, Minnesota (“Outlot B”). E.Rosemount, as landlord, and LTF Lease Company, LLC (“LTF Tenant ”), which is an affiliate of LT Owner, as tenant, entered into that certain Lease dated April 7, 2023 (as amended, supplemented or modified from time to time, the “Lease ”), a memorandum of which was recorded in the Office of the County Recorder for Dakota County, Minnesota on June _______, 2023 as Document No. __________, pursuant to which a health and fitness facility with outdoor recreational uses will be developed and constructed by Rosemount, pursuant to that certain AIA Document C132 – 2019 Standard Form of Agreement Between Owner and Construction Manager as Adviser and that certain AIA Document A232 – 2019 General Conditions of the Contract for Construction, Construction Manager as Adviser Edition, as modified, dated April 7, 2023 (collectively, the “Construction Management Agreement between Rosemount and LTF Construction Company, LLC, an affiliate of LT Owner (the “Construction Manager ”), and leased to and operated on the Rosemount Property by LTF Tenant (the “Health Club Project ”); and F. LT Owner plans to facilitate the development of an integrated retail/residential development on the LT Owner Property by developing and/or selling the outlots or lots comprising the LT Owner Property to third parties; and G.Rosemount, pursuant to the Construction Management Agreement, will cause the completion of certain Improvements (defined below) that will benefit the entire Development Property, and the costs and expenses associated with the completion of such Improvements will be paid for by the Parties pro rata based upon the relative net developable acres comprising each of the Rosemount Property (51.08%) and the LT Owner Property (48.92%) (each, a “Pro Rata Share ”); and H.The Parties are entering into this Agreement for the purposes of defining the scope of the Improvements to be performed in connection with the development of the Development Property, the timing of completion of the Improvements, and each Party’s Pro Rata Share of the costs of construction of the Improvements (the “Improvement Costs”). NOW THEREFORE, in consideration of the agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: Section 1. Recitals. The above recitals constitute an integral part of this Agreement. Section 2. Improvements and Construction Documents. (A)LT Owner has caused the preparation of the Construction Documents (defined below) that describe the scope and specifications of the required on-site improvements that will benefit the entire Development Property. These improvements, all as shown on the Construction Documents, include the following: (i) the extension of utility mains to the boundary lines of the Development Property, (ii) the construction of all common access roads and drives within the 2 Qbhf!583!pg!623 Development Property, (iii) mass site grading of the Development Property, and (iv) the construction of all common stormwater facilities, common signage, common landscaping, a master stormwater detention pond, and such other similar, common on-site improvements, (such work collectively being referred to as the “Improvements”). (B)The plans and specifications for the Improvements are described on Exhibit D attached hereto and made a part hereof (the “Construction Documents ”). The Construction Documents have been approved by LT Owner and Rosemount and, each Party has determined to its own satisfaction that the Construction Documents comply with the requirements of all governmental agencies and other entities having or exercising jurisdiction over construction activities occurring on or about the Development Property. The work to be performed by Rosemount under the terms of this Agreement is limited to the Improvements contained in the Construction Documents (the “Improvement Work”). Section 3. Improvement and Other Work. In accordance with the Construction Management Agreement, Rosemount will cause the completion of the Improvement Work in accordance with the Construction Documents and all applicable laws, statutes, ordinances, regulations, codes, and governmental requirements (collectively, the “Legal Requirements”). Each Party has determined to its own satisfaction that the bid specifications attached to the Construction Management Agreement for the Improvement Work require the Improvement Work to be substantially and finally completed within the time frame set forth in the schedule attached hereto as Exhibit E (the “Construction Schedule ”), subject to Permitted Delays (defined below). LT Owner hereby grants Rosemount, its agents, employees and contractors a license to enter the LT Owner Property to perform the Improvement Work. Such license shall terminate upon completion of the Improvement Work, as evidenced by the issuance of the certificate of completion pursuant to Section 4(D) below. The City hereby grants Rosemount, its agents, employees and contractors a license to enter Outlot B to perform the Improvement Work. Such license shall terminate upon completion of the Improvement Work, as evidenced by the issuance of the certificate of completion pursuant to Section 4(D) below. Rosemount and LTF Tenant shall jointly be responsible for any and all work on the Rosemount Property that is not part of the Improvement Work pursuant to the terms and conditions of the Lease, which includes without limitation, construction of the Health Club Project and coordination with the respective utility company for any load or service needs and the final hook- up of all utilities, including, but not limited to, water, gas, electricity, telephone, cable, and sewer. LT Owner or its successors-in-interest shall be responsible for any and all work on the LT Owner Property that is not part of the Improvement Work, which includes without limitation, coordination with the respective utility company for any load or service needs and the final hook-up of all utilities, including, but not limited to, water, gas, electricity, telephone, cable and sewer. 3 Qbhf!584!pg!623 Section 4. Construction and Installation of the Improvement Work. (A)In relation to the Improvement Work, Rosemount shall be responsible for, among other things, the following: (i)compliance with all Legal Requirements; (ii)completion of the Improvement Work in accordance with the Construction Schedule; (iii)causing the Construction Manager to obtain and maintain the insurance in amounts and for coverages at least equal to that specified in the Construction Management Agreement as the same relates to the Improvement Work; and (iv)causing the Construction Manager pursuant to the terms of the Construction Management Agreement to obtain all owner’s affidavits, construction affidavits, and lien waivers (partial and final), which comply with the requirements of applicable state law so no mechanic liens can be filed against the Development Property or any part thereof. (B)All change orders with respect to the Construction Documents and/or the Improvement Work must be mutually approved by the Parties before proceeding. LT Owner will not unreasonably withhold, condition or delay its consent to change orders requested by Rosemount’s contractors and the Construction Manager. Any costs associated with discretionary change orders for work on and benefiting only the Rosemount Property, which are initiated by Rosemount, shall be paid solely by Rosemount. Any costs associated with discretionary change orders for work on and benefiting only the LT Owner Property, which are initiated by LT Owner, shall be paid solely by LT Owner. LT Owner and Rosemount shall each pay their Pro Rata Share of any costs associated with discretionary change orders for work benefiting the entire Development Property, which are mutually approved by Rosemount and LT Owner. (C)During the construction of the Improvement Work, LT Owner at all times may inspect the same. If LT Owner identifies any deficiencies or potential deficiencies that do not, in its opinion, comply with the requirements of the Construction Documents or applicable Legal Requirements, LT Owner will provide notice to Rosemount and the Construction Manager regarding such deficiencies, and Rosemount shall cause its contractors to correct such deficiencies within thirty (30) days after receipt of such notice or indicate in writing to LT Owner why it believes the work is not deficient; provided, however, that if correction of the deficiency reasonably requires longer than thirty (30) days, Rosemount shall have such additional time as may be reasonably necessary to correct the deficiency, so long as Rosemount has commenced the corrective action within the initial thirty (30) day period and thereafter exercises reasonable diligence to complete the corrective action. (D)Within three (3) business days after substantial completion of the Improvement Work, Rosemount shall give notice to LT Owner and the City through its City Engineer that the Improvement Work is ready for inspection. Within fifteen (15) days of receipt of such notice, the Parties and the City shall complete their inspection thereof. If LT Owner reasonably determines that the Improvement Work has not been constructed in substantial conformity with this Agreement and the Construction Documents, LT Owner shall deliver written notice to Rosemount 4 Qbhf!585!pg!623 indicating in adequate detail the specific respects in which the Improvement Work has not been constructed in substantial conformity with this Agreement and the Construction Documents, and Rosemount shall cause such deficiencies to be promptly remedied or indicate in writing to LT Owner why Rosemount believes the Improvement Work has been completed in substantial conformity with this Agreement and the Construction Documents. Promptly upon determining that the Improvement Work has been constructed in substantial conformity with this Agreement and the Construction Documents, LT Owner and Rosemount will mutually execute a certificate of completion memorializing the same but no certificate of completion shall be effective unless the City Engineer consents to its execution after inspection of the Improvement Work. Neither Party (including without limitation the City Engineer) will unreasonably withhold, condition or delay its consent to and execution of a certificate of completion. Within sixty (60) days after mutual execution of such certificate of completion, Rosemount will dedicate the public improvements installed within the drainage and utility easements identified in the Plat and Outlot B as part of the Improvement Work to the City. The Construction Management Agreement requires the delivery to Rosemount of an as-built survey of the Improvement Work, which shall be reasonably satisfactory to LT Owner and the City Engineer, and Rosemount shall deliver such as-built survey to LT Owner and the City Engineer within sixty (60) days after mutual execution of such certificate of completion. The bid specifications attached to the Construction Management Agreement for the Improvement Work require the contractors performing the Improvement Work to provide a warranty against poor material and faulty workmanship for a period of two (2) years after completion or such longer period as is specified in the Construction Documents. Section 5. Payment of Improvement Costs. As of the date of this Agreement, the Parties anticipate that the Improvement Costs will total $________, with Rosemount’s Pro Rata Share equal to $___________ and LT Owner’s Pro Rata Share equal to $__________. On the Bond Sale Date (as such term is defined in the Lease), LT Owner will deposit in escrow with Rosemount funds equal to 100% of LT Owner’s Pro Rata Share of the Improvement Costs (the “ LT Owner’s Escrow Funds Rosemount shall be responsible for paying all of the Improvement Costs, as incurred, (i) from the available proceeds of Rosemount’s “Bonds” (as defined in the Lease), plus amounts deposited with Rosemount in accordance with Section 6.2(b) of the Lease (if any) for Rosemount’s Pro Rata Share of the Improvement Costs, and (ii) from the LT Owner’s Escrow Funds for LT Owner’s Pro Rata Share of the Improvement Costs (collectively, (i) and (ii) are referred to herein as the “Construction Funds”). Rosemount shall defend, indemnify and hold LT Owner harmless from and against any mechanic’s liens that may be filed against the LT Owner Property relating to the Improvement Work as a result of failure to pay the Improvement Costs from the Construction Funds. If, by reason of Rosemount’s failure to timely pay for the Improvement Work from the Construction Funds, any mechanics’ or other lien, encumbrance, judgment lien or order for the payment of money shall be filed against the LT Owner Property, Rosemount shall, at Rosemount’s sole cost and expense, cause the same to be canceled, discharged of record, bonded over or establish a third- party escrow to cover the payment thereof prior to the commencement of a lien foreclosure action, and Rosemount shall also indemnify and save LT Owner harmless from and against any and all costs, expenses, claims, losses or damages, including, but not limited to, reasonable counsel fees charged by counsel of LT Owner’s choice, resulting therefrom or by reason thereof. 5 Qbhf!586!pg!623 Section 6. Permitted Delays. Notwithstanding anything to the contrary contained in this Agreement, whenever performance is required of a Party, such Party shall use all due diligence to perform and take all necessary measures in good faith to perform; provided, however, that if completion of performance shall be delayed at any time by reason of acts of God (but soil conditions or environmental matters shall not be deemed an act of God), war, civil commotion, riots, strikes, picketing, or other labor disputes, severe weather conditions of unusual duration (specifically excluding typical seasonal weather conditions) which prevent timely delivery of materials or equipment necessary to the completion of portions of the Improvement Work, or which hamper access to the Improvement Work; unavailability of labor or materials or damage to work in progress by reason of fire or other casualty or causes beyond the reasonable control of a Party and that such Party could not reasonably foresee and reasonably have been expected to take measures to avoid or minimize (other than financial reasons) (collectively, “Permitted Delays”) then, provided that the Party experiencing a Permitted Delay or the Construction Manager notifies the other Party of the circumstances supporting such Permitted Delay, the time for performance as herein specified shall be equitably extended by the time of the delay actually caused to such critical path. Failure to timely provide notice of a Permitted Delay circumstance shall be deemed a waiver of a claim for additional time. Notwithstanding the foregoing, the provisions of this Section shall not operate to excuse any Party from the prompt payment of any monies required by this Agreement. Section 7. Default Remedies. In addition to all remedies available at law and equity with respect to a Party’s default hereunder, subject to any Permitted Delays, if Rosemount fails to substantially complete the Improvement Work within sixty (60) days after the applicable deadline specified in the Construction Schedule for substantial completion, LT Owner will have the right, upon providing fifteen (15) days’ written notice to Rosemount, to take over construction of the Improvement Work at Rosemount’s sole cost and expense from the available proceeds of Rosemount’s Bonds (as defined in the Lease), plus amounts deposited with Rosemount in accordance with Section 6.2(b) of the Lease (if any), plus the LT Owner’s Escrow Funds deposited with Rosemount in accordance with Section 5 above. If such take over were to occur, Rosemount will assign its rights and obligations under it construction contracts, and, subject to equitable excused delays and actual increases in costs directly or indirectly resulting from Rosemount’s default, LT Owner shall assume responsibility for the substantial completion of the Improvement Work. Section 8.Notice. All notices, demands and requests required or permitted to be given under this Agreement (collectively, “Notices must be in writing and must be delivered personally or by nationally recognized overnight courier or sent by United States certified mail, return receipt requested, postage prepaid and addressed to the Parties at their respective addresses set forth below, or by electronic mail (provided that in addition to the e-mail, the notifying party also provides notice by one of the other acceptable means hereunder) and the same shall be effective upon receipt if delivered personally or by e-mail, or on the next business day if sent by overnight courier, or three (3) business days after deposit in the mail if mailed or the business day said notice was sent as follows. The initial addresses of the Parties shall be: 6 Qbhf!587!pg!623 To Rosemount: Rosemount Port Authority Attn: Executive Director th 2875 145 Street West Rosemount, MN 55068-4997 Email: Logan.Martin@ci.rosemount.mn.us with a copy to: Kennedy & Graven, Chartered Attn: Rosemount City Attorney 150 South Fifth Street, Suite 700 Minneapolis, MN 55402 Email: mtietjen@kennedy-graven.com To LT Owner: LTF Real Estate Company, Inc. 2900 Corporate Place Chanhassen, MN 55317 Attn: Aaron Koehler Email: akoehler@lt.life with a copy to: LTF Real Estate Company, Inc. 2900 Corporate Place Chanhassen, MN 55317 Attn: Kari Broyles Email: kbroyles@lt.life Upon at least ten (10) days’ prior written notice, each Party shall have the right to change its address to any other address within the United States of America. Section 9. Relationship of Parties. Nothing contained in this Agreement shall be deemed or construed, either by the Parties hereto or by any third party, to create the relationship of principal and agent or to create any partnership, joint venture or other association between LT Owner and Rosemount. Section 10. Costs and Attorney’s Fees. If either Party brings or commences any legal action or proceeding to enforce any of the terms of this Agreement or for damages by reason of an alleged breach of this Agreement, the prevailing party in an adjudicated dispute shall be entitled to recover its reasonable attorneys’ fees, at the hourly rate in effect for Rosemount’s appointed legal counsel, and costs from the non-prevailing party. 7 Qbhf!588!pg!623 Section 11. Exhibits Incorporated. Each exhibit attached to and referred to in this Agreement is hereby incorporated by reference as though set forth in full where referred to herein. Section 12. Counterparts. This Agreement may be signed in counterparts and delivered by mail, fax, hand delivery, or electronic mail, each of which shall be deemed an original and all of which when taken together shall constitute one instrument. Section 13. Complete Agreement; Partial Invalidity; Assignment. All understandings and agreements heretofore had between the Parties with respect to the specific subject matter of this Agreement are merged into this Agreement which alone fully and completely expresses their agreement. Notwithstanding the above, the Parties acknowledge there are other agreements that have been relied upon in the making of this Agreement, including by cross-references herein to the Construction Management Agreement and the Lease. This Agreement may be changed only in writing signed by both of the Parties and shall apply to and bind the successors and assigns of each of the Parties hereto. If any portion, section, subsection, sentence, clause, paragraph or part of this Agreement is for any reason held invalid, such decision shall not affect the validity of the remaining portion of this Agreement. Rosemount may not assign this Agreement without the prior written consent of LT Owner. Section 14. Waiver. The action or inaction of a Party shall not constitute a waiver or amendment to the provisions of this Agreement. To be binding, amendments or waivers must be in writing and signed by the Parties. Section 15. Further Assurances and Corrective Instruments. The Parties agree that they will, from time to time, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements hereto and such further instruments as may reasonably be required for correcting any inadequate or incorrect description of the Development Property or for carrying out the expressed intention of this Agreement. Section 16. Rosemount Approval. Whenever this Agreement provides for the consent or approval by Rosemount, such approval shall be given by the Executive Director, unless approval by the Authority is required by law. Section 17. Indemnification. Rosemount shall hold LT Owner and its directors, officers, agents and employees harmless from claims made by itself and third parties for damages sustained or costs incurred resulting from the development of the Development Property, except for any costs or expenses arising from the intentional acts or gross negligence of LT Owner, its agents, employees or contractors. Rosemount shall defend and indemnify LT Owner and its directors, officers, agents and employees for all costs, damages or expenses that LT Owner may pay or incur in consequence of such claims, including without limitation attorneys’ fees. LT Owner shall hold Rosemount and its employees harmless from claims made by itself and third parties for damages sustained or costs incurred resulting from the development of the LT Owner Property, except for any costs or expenses arising from the intentional acts or gross negligence of Rosemount, its agents, employees or contractors. LT Owner shall defend and indemnify Rosemount and its employees for all costs, damages or expenses that Rosemount may pay or incur in consequence of such claims, including without limitation attorneys’ fees. 8 Qbhf!589!pg!623 Section 18. Insurance. Rosemount will purchase and maintain general liability insurance with the League of Minnesota Cities Insurance Trust (“LMCIT with a limit of at least $2,000,000 per occurrence, under standard LMCIT liability coverage forms. The LMCIT policy will include coverage for bodily injury and property damage and the policy shall cover liability arising from premises, operations, products-completed operations, personal injury, advertising injury and contractually assumed liability. Rosemount will add LT Owner as an additional insured on the LMCIT policy for claims that arise under this Agreement. Section 19. Recording. At the closing of the purchase and sale of the Development Property pursuant to the Purchase Agreement, as assigned by the PA Assignment and the LT Assignment (the “Closing Rosemount will deliver this Agreement to First American Title Insurance Company for recording with the Dakota County Recorder against the Development Property. If the Closing does not occur, this Agreement shall automatically terminate and be of no further force or effect, and each Party shall be released thereby. Section 20. Aspen Avenue. The Parties acknowledge and agree that the construction of Aspen Avenue as shown on the plat of Prestwick Place 23rd Addition which is attached hereto as Exhibit F is not part of the Improvement Work (the “Aspen Extension ”). The City will cause the completion of Aspen Avenue and the Aspen Extension in accordance with its standard City process and specifications for public roads. The City will complete the South Portion (defined below) of the Aspen Extension on or before December 1, 2024. (A) If the City chooses to levy special assessments to benefitted properties for the construction of the Aspen Extension from County Highway 42 to the private road (the “Spine Road ”) as depicted on Exhibit G (the “South Portion ”), the City will assess the properties benefitted by the South Portion of the Aspen Extension in accordance with its standard practices and in compliance with applicable law and the Parties further acknowledge and agree as follows: (i) The City’s assessment for the benefit to the LT Owner Property of the South Portion of the Aspen Extension (“L T’s Owner’s Benefit will be determined using its then applicable assessment formula. LT Owner, or its successors or assigns, will pay any special assessment levied against the LT Owner Property for LT’s Owner’s Benefit as due and payable during the term of the levied assessment. LT Owner, on behalf of itself and its successors and assigns, waives any and all rights associated with the City’s right to levy assessments to benefitted properties for the Aspen Extension, but reserves all other rights. If LT Owner exercises any of its rights to challenge the City’s assessment, the December 1, 2024 deadline noted above for the completion of the South Portion no longer applies. (ii)Rosemount acknowledges and agrees that the City will determine the assessment for the benefit to the Rosemount Property of the South Portion of the Aspen Extension (“ Rosemount’s Benefit using its then applicable assessment formula. Rosemount will cause LTF Tenant to pay any special assessment levied against the Rosemount Property for Rosemount’s Benefit in accordance with the Lease. 9 Qbhf!58:!pg!623 (B) If the City chooses to levy special assessments to benefitted properties for the construction of the Aspen Extension from the Spine Road to Connemara Trail as depicted on Exhibit H (the “North Portion the City will assess the properties benefitted by the North Portion of the Aspen Extension in accordance with its standard practices and in compliance with applicable law; provided however that, notwithstanding anything to the contrary in this Agreement, the Construction Management Agreement or the Lease, neither LT Owner nor LTF Tenant shall be responsible for payment of any special assessments levied with respect to the construction of the North Portion of the Aspen Extension. IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly authorized representatives effective as of the day and year first above written. \[signatures appear on the following page\] 10 Qbhf!591!pg!623 Rosemount: ROSEMOUNT PORT AUTHORITY, a Minnesota body corporate and politic By: Name: Its: By: Name: Its: STATE OF MINNESOTA) ) SS: COUNTY OF ) The foregoing Site Development Agreement was acknowledged before me this ____ day of June, 2023, by ________________________________, the __________________ and by ________________________________, the __________________ of the ROSEMOUNT PORT AUTHORITY, a Minnesota body corporate and politic, on behalf of the Authority. Notary Public \[LT Owner Signature Page to Follow\] 11 Qbhf!592!pg!623 LT Owner: LTF REAL ESTATE COMPANY, INC., a Minnesota corporation By: Name: Its: STATE OF MINNESOTA) ) SS: COUNTY OF ) The foregoing Site Development Agreement was acknowledged before me this ____ day of June, 2023, by _______________________________, the __________________________ of LTF REAL ESTATE COMPANY, INC., a Minnesota corporation, on behalf of the corporation. Notary Public This instrument was prepared by: LTF REAL ESTATE COMPANY, INC. 2900 Corporate Place Chanhassen, MN 55317 Attn: Kari Broyles 12 Qbhf!593!pg!623 City: As to Sections 3, 4 and 20 only CITY OF ROSEMOUNT, MINNESOTA, a Minnesota municipal corporation By: Name: Its: Mayor By: Name: Erin Fasbender Its: City Clerk STATE OF MINNESOTA) ) SS: COUNTY OF ) The foregoing Site Development Agreement was acknowledged before me this ____ day of June, 2023, by ________________________________, the Mayor and by Erin Fasbender, the City Clerk of the CITY OF ROSEMOUNT, MINNESOTA, a Minnesota municipal corporation, on behalf of the City. Notary Public 13 Qbhf!594!pg!623 Exhibit A Legal Description – Development Property Legal Description as of the Closing: Real property located in the County of Dakota, State of Minnesota, legally described as follows: rd Lot 1, Block 1 and Outlots A, B, and C, Prestwick Place 23 Addition, according to the recorded plat thereof. 14 Qbhf!595!pg!623 Exhibit B Legal Description – Rosemount Property Legal Description as of the Closing: Real property located in the County of Dakota, State of Minnesota, legally described as follows: rd Lot 1, Block 1, Prestwick Place 23 Addition, according to the recorded plat thereof. 15 Qbhf!596!pg!623 Exhibit C Legal Description – LT Owner Property Legal Description as of the Closing: Real property located in the County of Dakota, State of Minnesota, legally described as follows: rd Outlots A and C, Prestwick Place 23 Addition, according to the recorded plat thereof. 16 Qbhf!597!pg!623 Exhibit D Construction Documents 17 Qbhf!598!pg!623 Exhibit E Construction Schedule 18 Qbhf!599!pg!623 Exhibit F rd Plat of Prestwick Place 23 Addition 19 Qbhf!59:!pg!623 Exhibit G Spine Road – South Portion of Aspen Extension 20 Qbhf!5:1!pg!623 Exhibit H Connemara Trail – North Portion of Aspen Extension 21 Qbhf!5:2!pg!623 EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2023 AGENDA ITEM: Receive Donation and Execute Agreement with AGENDA SECTION: Flint Hills Resources NEW BUSINESS PREPARED BY: Logan Martin, City Administrator AGENDA NO. 9.d. ATTACHMENTS: Map, Land Donation Agreement APPROVED BY: LJM RECOMMENDED ACTION: Motion to receive a land donation from Flint Hills Resources and authorize the Mayor and City Clerk to execute necessary agreements BACKGROUND A key component of the PD PW Campus project is the receipt of 20 acres of land on Biscayne Avenue from the National Guard at no cost. In order to facilitate this partnership, the National Guard requested that the City find a similar 20 acre parcel to replace within the National Guard's landholdings for potential future use as an Armory. As such, the City began discussions with our partners at Flint Hills Resources to acquire excess land in their portfolio. Flint Hills found a 20 acre parcel along Akron Ave. north of the soccer fields to offer the National Guard (via the City), and for that we are extremely grateful. The attached donation agreement codifies the land swap from Flint Hills to the City of Rosemount. Typical real estate transaction standards are covered in the agreement, along with the City's ability to transfer the property to the National Guard for the purposes of a potential future armory facility. The City may not transfer the property to any other entity and it may not be used for any other purpose. Completing this three-way transaction has taken many years, and we sincerely thank both partners (as well as the State Legislature) for their steadfast commitment to get it done. It is estimated that the City would've spent approximately $1.5 to $2 million to acquire the 20 acre parcel on Biscayne, so this partnership is critical to the project's viability. RECOMMENDATION Staff recommends the City Council receive a land donation from Flint Hills Resources and authorize the Mayor and City Clerk to execute necessary agreements. Qbhf!5:3!pg!623 Qbhf!5:4!pg!623 Qbhf!5:5!pg!623 Qbhf!5:6!pg!623 Qbhf!5:7!pg!623 Qbhf!5:8!pg!623 Qbhf!5:9!pg!623 Qbhf!5::!pg!623 Qbhf!611!pg!623 Qbhf!612!pg!623 Qbhf!613!pg!623 Qbhf!614!pg!623 Qbhf!615!pg!623 Qbhf!616!pg!623 Qbhf!617!pg!623 Qbhf!618!pg!623 Qbhf!619!pg!623 Qbhf!61:!pg!623 Qbhf!621!pg!623 Qbhf!622!pg!623 Qbhf!623!pg!623