01-03-94 agendaCITY OF RICHFIELD, MINNESOTA
MONDAY, JANUARY 3, 1994
SPECIAL CITY COUNCIL STUDY SESSION
6:00 P.M.
RICHFIELD WATER PLANT
6221 PORTLAND AVENUE
AGENDA
CALL TO ORDER
1. 6:00-6:45 P.M. TOUR OF RICHFIELD'S WATER TREATMENT PLANT,
6221 PORTLAND AVENUE
STUDY SESSION LETTER NO. 1
6:45 P.M. ADJOURNMENT
SPECIAL CITY COUNCIL MEETING
7:00 P.M.
COUNCIL CHAMBERS
AGENDA
0
CALL TO ORDER
APPROVAL OF MINUTES OF THE REGULAR CITY COUNCIL MEETING OF
DECEMBER 13, 1993
1. DESIGNATION OF OFFICIAL NEWSPAPER FOR 1994
COUNCIL LETTER NO. 1
2. DESIGNATION OF OFFICIAL DEPOSITORIES FOR 1994
COUNCIL LETTER NO. 2
3. DESIGNATION OF COUNCIL LIAISON APPOINTMENTS FOR 1994
COUNCIL LETTER NO. 3
4. DESIGNATION OF MAYOR PRO TEMPORE FOR 1994
COUNCIL LETTER NO. 4
5. DESIGNATION OF ACTING CITY MANAGER FOR 1994
COUNCIL LETTER NO. .5
6. DISCUSSION OF STORM DRAINAGE SYSTEM: 1) DAMAGE FROM JULY 1,
1993 STORM AND POSSIBLE IMPROVEMENT OPTIONS AS A RESULT OF
STORM AND 2) PRESENT STORMWATER DRAINAGE CAPITAL IMPROVEMENT
POLICY
COUNCIL LETTER NO. 6
7. CONSIDERATION OF FIRST READING OF ORDINANCE INCREASING NUMBER
OF ON-SALE NON-INTOXICATING MALT LIQUOR LICENSES IN THE CITY
COUNCIL LETTER NO. 7
8. AIRPORT STATUS REPORT
ADJOURNMENT
Auxiliary aids for individuals with disabilities are available
upon request. Requests must be made at least 96 hours in advance
to the Administrative Services Director at 861-9702.
Cl
CITY OF RICHFIELD, MINNESOTA
Council Letter No.7
Agenda January 3, 1994
Issue Statement:
Consideration of first reading of an ordinance increasing the
number of on-sale non-intoxicating malt liquor licenses issued by
the City.
Background:
Staff recently received a request from Ricky Kiang of the Red
Pepper Chinese Restaurant, 2902 W. 66th Street, to increase the
number of licenses for on-sale non-intoxicating malt liquor to
eleven. Currently, City Ordinance 1210.07 states that no more
than nine on-sale licenses may be issued for non-intoxicating
malt liquor.
Staff has received several other inquiries from individuals who
would like to offer non-intoxicating malt liquor to their
customers with their meals. They have been told that currently
all licenses allowed by ordinance have been issued. Mr. Kiang is
the first individual who made a formal request for the City
Council to consider increasing the number to eleven.
The current ordinance was amended last in August 1987 with the
following language: "No more than nine 'on-sale' licenses may be
issued."
The number of on-sale non-intoxicating malt liquor licenses is
not controlled by the State. Therefore, the State has no
objection to the number being increased.
Mr. Kiang's establishment has recently been issued a wine license
and during the course of conducting a background investigation
for that license, there was nothing found that would indicate Mr.
Kiang should not be issued a on-sale non-intoxicating malt liquor
license.
Recommended Motion:
Consideration of first reading of an ordinance amending
Subsection 1210.07, Types of Licenses, that would increase the
number of on-sale non-intoxicating malt liquor licenses that
could be issued to eleven.
Basis of Recommendation:
1. This amendment would give the City the authority to issue
additional on-sale non-intoxicating malt liquor licenses.
Alternative Recommendation:
1. The Council could decide not to take any action. This would
mean that no further licenses could be issued for on-sale
non-intoxicating malt liquor.
Discussion/Decision Mode:
Council consideration of first reading of an ordinance amending
Subsection 1210.07, Types of Licenses, and setting second reading
and public hearing for February 14, 1994.
Respectfully submitted,
Jam . Prosser
Cit Manager
JDP:ds
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BILL NO.
AMENDMENT TO SECTION 1210
OF THE ORDINANCE CODE OF THE
CITY OF RICHFIELD
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THE CITY OF RICHFIELD DOES ORDAIN:
Section 1210 of the ordinance code of the City of Richfield
entitled "Nonintoxicating Liquor: Beer" is hereby amended by
adding the following:
1210.07 Types of licenses. Subdivision 1. On-sale
licenses. On-sale licenses may be granted only to restaurants,
hotels, clubs and establishments having food licenses, provided
that no nonintoxicating malt liquor manufacturer or wholesaler
has any interest in such business. Such licenses are for retail
sales of nonintoxicating malt liquor only. No more than nine
eleven on-sale licenses may be issued. (Amended, Bill No. 1987-
23)
Passed by the City Council of the City of Richfield,
Minnesota this day of , 1994.
Martin J. Kirsch, Mayor
ATTEST:
Thomas P. Ferber, City Cl
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CITY OF RICHFIELD, MINNESOTA
Council Letter No.6
Agenda January 3, 1994
Issue Statement:
Discussion of storm drainage system: 1) damage from July 1, 1993
storm and possible improvement options as a result of the storm
and 2) present stormwater drainage capital improvement policy.
Background:
On July 1,•1993, Richfield received 1h inches of rain in less
than 15 minutes - a very heavy rain for such a short period of
time. Our stormwater drainage system was inundated in places and
several areas in Richfield were flooded. City staff has met with
affected residents to get a damage report and staff has
considered multiple solutions related to the damage report. The
two attachments outline the specifics: 1) damage report and
alternative improvements from the July 1, 1993 storm and 2) a
history and outline of the current stormwater drainage capital
improvement policy.
Recommended Motion:
This is a discussion item.
Basis of Recommendation:
1. The last major action of the Council related to stormwater
damage was a result of the 1987 flood.
2. Residents in some areas of the community have expressed
concern about stormwater damage as a result of the July 1,
1993 rain storm.
Alternative Recommendation:
Because this is a discussion item, no recommendation or
alternative recommendation is made at this time.
Discussion/Decision Mode:
This item is scheduled for Council discussion on January 3, 1994.
Respe t lly submitted,
Jame Prosser
City anager
JDP:ds
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July 1, 1993
Damage Report and
Stormwater Drainage Improvement Options
? 6644 Logan Avenue - Basement floods periodically. Minor regrading
of Fairwood Park will increase flood protection to this home.
Estimated cost $6,000. Estimated level of protection as a result
of this improvement option would approach a 100 year design.
? 6601 Stevens Avenue - This residence received two feet of
stormwater in the basement. A boulevard berm and raised apron
could be constructed at 6601 Stevens. Also, additional piping and
catch basins can be constructed from the low point in 66th Street
west of Second Avenue to the storm sewer trunk line on Second
Avenue. Most of the pipe work can be accomplished by working south
of the 66th Street south curbline without disturbing the 66th
Street road bed. A storm sewer pipe can also be stubbed into 6601
Stevens. Estimated cost $22,000. Estimated level of protection as
a result of this improvement option would approach a greater than
25 year design. The existing level of protection is approximately
a 10-25 year design.
? 7632 Logan Avenue - The backyards of this property and the
neighboring properties are lower than the street. Stormwater
collecting in this backyard area causes flooding in the garage and
basement. The driveway apron could be raised and a storm sewer
• pipe be stubbed into the property. The property owner would be
responsible for connection to the stub. Estimated cost $15,000.
Estimated level of protection as a result of this improvement
option would approach a 100 year design.
? 6645 Queen Avenue - Stormwater threatens underground parking. The
apron to the alley be raised and a flap gate be installed in the
storm sewer pipe in the alley. Estimated cost $7,500. Estimated
level of protection as a result of this improvement option would
approach a 5-10 year design when water will come in contact with
the structure. The existing level of protection is approximately a
2-5 year design. Property owners in the area have provided
additional flood proofing to increase their level of protection to
prevent damage from rainfalls with higher intensities. ,
? 7048 Cedar Avenue - Stormwater threatened the building and remained
in the street for over an hour. Recent Minnesota Department of
Transportation (MnDOT) construction on Trunk Highway 77 left the
boulevard on the east side of the Cedar Avenue frontage road too
high. MnDOT crews lowered the boulevard. A MnDOT/City of
Richfield study of drainage in the area is being pursued. There
may be an opportunity to store water in the open area in the
northeast corner of Cedar Avenue and Diagonal Boulevard. The cost
to the City would be prorated. Estimated level of protection as a
result of this improvement option is dependent on the size of basin
that could feasibly be constructed and the drainage area that can
be directed to the basin.
? 6900 Block of Russell Avenue - Several homes on the south end, west
side of the block had water enter through the window wells into the
basement. Staff met with the neighbors in this area on August 31,
1993. City staff and drainage consultant continue to work on home
floodproofing options for the homeowners. A flap gate in the
Russell Avenue storm sewer is also an option. Estimated cost for
City crews to install the flap gate is $500. Estimated level of
protection as a result of this improvement option will increase
slightly but will not significantly change from the existing 10-25
year design. See 6900 block of Penn Avenue alternative #3 for
another possible option.
? 6900 Block of Penn Avenue - One house on the west side had its
basement full of water. Several other houses had lesser amounts of
water in the basement. Staff met with neighbors on October 13,
1993.
There are three options available:
1. Leave as is. The owner, developer, and house builder of
the affected lots built the houses or walkouts to the houses below
street grade. The City could take the position that the owner,
developer, and builder are responsible for those decisions. The
neighbors contend that developments elsewhere in the City have
caused the problem. Estimated cost $0. Estimated level of
protection currently is less than an 2$ chance or less than a 50
year design.
• 2. Provide a berm up to one foot high to delay and retard the
overtopping of the water from Penn Avenue to the backyards. This
would allow more water to be stored in Penn Avenue. The owner of
the apartment building across the street sees this as a threat.
Also the property owner at 6921 Penn continues to decline to grant
an easement; condemnation maybe required for the project to
proceed. City staff has met with County staff to investigate
adjustments to the Penn Avenue surfacing. Estimated cost $20,000.
Estimated level of protection as a result of this improvement
option would approach a 50 year design should there be a lot of
traffic with water standing in the street for an extended period of
time. The exact level of protection is difficult to define because
of variable traffic impacts. A small amount of water overflowing
from wave action, for example, can be contained in back yard areas
without sustaining property damage. The current range of
protection is a 10-50 year design.
3. Some residents in the block suggest that the City buy them
out. The idea would need additional consideration by the City. it
does appear, however, that if the single family homes were
purchased and removed, there would be space available for
stormwater storage or a combination of stormwater storage and
housing (perhaps townhouses or condos). Stormwater storage is in
critical short supply in this area. The storage would provide
. relief to the 6900 block of Russell, specifically, and to the
neighborhoods west of Wood Lake, generally. Estimated cost
$750,000. Estimated level of protection as a result of this
improvement option would approach a 100 year design for the 6900
block of Russell as well as for the 6900 block of Penn.
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0 Present Stormwater Drainage Capital Improvement Policy
HISTORY
In 1985, Richfield initiated a storm drainage utility. A
brochure, which explains the stormwater drainage utility, was
mailed to residents in 1985. There are three uses for the storm
drainage utility funds:
- Operation and maintenance of the storm sewer piping system
and storm ponds.
- Planning and operation of storm water quality monitoring and
improvements.
- Making capital improvements to the stormwater drainage
system.
The first two uses have been relatively stable. The third use,
capital outlays, varies from year to year depending upon what
improvements were made to the system. The brochure identified
five capital projects for which the City bonded:
- 69th Street relief sewer (affecting area of Penn Avenue to
Wood Lake, 66th Street to 70th Street, estimated $100,000).
- 76th Street and Washburn Avenue relief sewer ($200,000).
- Norby's Pond relief sewer ($900,000).
• - Wilson Pond (Christian Park) relief sewer ($600,000).
- 66th Street, Xerxes Avenue to Upton Avenue, relief sewer
($200,000).
There are approximately 14 years of about $230,000 annual bond
payments remaining for these improvements. There have been
numerous minor capital improvements built as opportunities have
presented themselves.
A major $600,000 improvement was made on Xerxes Avenue south of
69th Street to Adams Hill Park.
One hundred thousand dollars has been reserved in the Storm
Drainage Utility account to pay for the local share of drainage
improvements needed with the 77th Street project.
The available cash balance in the Storm Drainage Utility Fund as
of December 31, 1992 is $309,970.
PRESENT POLICY
On September 26, 1988, the City Council addressed capital
improvements to the storm drainage system (see attached City
Council letter). These improvements were reviewed by the
Community Services Commission. The criteria used were:
• - Benefit/cost ratio for the improvement project must be
greater than 1.
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- Projects considered for funding must be within areas where
structural damage is likely to occur for rainfall events
with a 2% or greater chance of occurrence.
- Improvements should be constructed on public property.
- Improvements should be funded through the storm sewer
utility.
- City should provide technical expertise and education to
residents in areas not meeting these criteria.
- City may reasonably support improvements with a total cost
range from $500,000 to $1,000,000.
POSSIBLE FURTHER CONSIDERATION
Several cities in the metropolitan area have grant programs for
property owners to makke improvements to their properties to
protect against flooding. An brief draft outline of such a
program is attached. The Council could direct the Community
Services Commission to review the program and/or to recommend
changes to the Stormwater Drainage Capital Improvement Policy as
needed.
Attachments:
- Council Letter No. 241 dated September 26, 1988
- Draft Outline of Richfield Storm Water Grant Program
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CITY OF RICHFIELD, MINNESOTA
Council Letter No. 241
Agenda September 26, 1988
Issue Statement:
Review Storm Sewer Study findings and discuss possible solutions.
Background:
In late July, 1987 an unprecedented amount of rain fell on the
City of Richfield. Because of the flooding problems experienced
in certain sections of the City, the City entered into agreement
with Orr-Schelen-Mayeron and Associates, Inc. (OSM) for purposes
of studying the City's storm sewer system.
During the course of the Study, a public meeting was hosted by
the Community Services Advisory Commission on May 24, 1988. The
Community Services Commission established the following targets
for consideration is preparing their recommendation:
- Benefit/cost ratio for the improvement project must be
greater than 1.
- Projects considered for funding must be within areas where
structural damage is likely to occur for rainfall events
with a 2% or greater chance of occurrence.
-`Improvements should be constructed on public property.
- Improvements should be funded through the storm sewer
utility.
- City should provide technical expertise and education to
residents in areas not meeting these criteria.
- City may reasonably support improvements with a total cost
range from $500,000 to $1,000,000.
The Community Services Commission unanimously recommends the City
Council authorize the following improvements which are estimated
to cost $161,000:
Priority
Ranking Site
1 A-1
2 L'-38
3 H-8
4 T-20
5 P-16
6 0'-41
7 C'-29
8 N'-40
Location
Alley east of Xerxes south of 66th Street
Intersection of Bloomington and 70th Street
Monroe Park
Stevens Avenue and 68th Street
Colfax Avenue and 77-1/2 Street
69th Street and 70th Street and Penn Avenue
66th Street and Fourth Avenue
66th Street and Newton Avenue
'
In addition, some members of the Commission felt improvement
should be made at Priority Ranking 9, Site B-2, an alley east of
Xerxes Avenue, south of 69th Street. This improvement, in the
amount of $430,000, would bring the estimated cost to $591;000.
However, since the Commission review of the report, information
has come forth that improvements being made by the City of Edina
will offer flood relief to this site. The Commission, at their
September 13, 1988 meeting, unanimously recommended the City
Council pursue the Edina solution and not spend Richfield dollars
on this project.
The Commission also recommended the City Council authorize a
maximum of $30,000 for technical expertise and assistance to be
provided to Richfield residents upon request if the property
owners wish to increase their level of protection at their own
request.
The concept of taking advantage of opportunities as they are
presented was a common thread throughout the Commission
discussions. An example of this opportunity has been briefly
outlined above with regard to Site B-2. Other opportunities may be related to redevelopment projects or traffic improvements
projects associated with I35W or 1494.
Copies of the Study report and an addendum have been made
available to the City Council. The City Council, the Community
Services Commission, the consultant and City staff discussed the
report and-the Commission recommendation(s) at the August 1, 1988
City Council study session. It was noted that the improvements
recommended would increase the level of protection from flooding
but there is no guarantee that properties will not flood. The
city manager stated that an approximate 20% increase in the storm
sewer utility will be proposed excluding the financing of the
proposed storm water improvements recommendations.
As requested, the formal presentation of the report to the public
and Council is scheduled for September 26, 1988. People signing
the attendance list for the May 24 Community Services Commission
sponsored meeting were mailed notice of this Council meeting.
Notice of the Council meeting has also been in the Richfield.Sun-
Current and on the cable television channel 34 Bulletin Board.
Members of the City staff and the consultant will be available to
discuss the report, its findings and the recommendation(s) of the
Community Services Advisory Commission.
The City Council is currently conducting budget hearings. It
should be noted the proposed 1989 operating budget for the storm
sewer utility and the proposed 1989 Capital Budget do not include
any funding for storm sewer system improvements outlined in the
report or as recommended by the Community Services Commission.
Any authorization by the Council to proceed with improvements
would necessitate action also being taken related to funding.
Recommended Motion:
Accept the report of the storm sewer system study conducted by
OSM, order any improvements deemed to be in the best interest of
the City and its residents, and authorize the necessary funding
for those improvements and/or actions.
Basis of Recommendation:
1. A complete and thorough study of the City's storm sewer
system has been conducted by an independent consultant.
2. The Community Services Advisory Commission has met with
the public, reviewed the report and its findings, and has
made its recommendation(s) to the City Council.
Alternative Recommendation:
Do not authorize any improvements to the City's storm.sewer
system as the current level of protection is at an acceptable
level for the majority of rainfall events.
Discussion/Decision Mode:
This item has been scheduled for the September 26, 1988 City
Council meeting. Action is not necessary at this time and may be
taken at any time. However, if improvements are to be made, it
would be advantageous to provide sufficient time for establishing
the funding process through budget considerations which are
currently in progress and sufficient time to plan for
construction and the whole of the process necessary before
improvements can be in place.
Respectfully submitted,
rosser
James finager
City JDP/eja
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January 3, 1994 City of Richfield
OUTLINE OF STORMWATER GRANT PROGRAM
? PURPOSE: To provide technical and financial support to
Richfield property owners for eligible improvements to
eligible properties to reduce the risk of flood damage to
their property.
? ELIGIBLE PROPERTIES: Residential property subject to periodic
flooding for which the predicted flood level is not being
lowered by other public improvements. The Community Services
Department will keep a map of eligible property based upon
storm water studies, historical data and contour maps.
? ELIGIBLE IMPROVEMENTS: Improvements are limited to those which
provide increased flood protection. For example:
1. Filling, grading, and seedling around the house.
2. Adding or modifying window wells.
3. Eliminating basement windows and substituting glass
blocks.
. 4. Replacing large basement windows and doors for smaller
ones.
5. Raising the entire house.
6. Building concrete or block wall dikes.
7. Adjustments needed to accommodate stormwater
protection improvement such as to stairs, electrical,
plumbing, or heating system.
? INELIGIBLE IMPROVEMENTS:
1. Improvements to provide protection to garage or other
out buildings.
2. Landscaping, other than seeding, such as bushes or
trees.
? FUNDING:
The City Council will determine an annual funding level for
the two year life of the grant programs with the intent of
funding all eligible applicants in two years.
The property owners will be responsible for 25% to 50% of the
cost of the improvement.
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CITY OF RICHFIELD, MINNESOTA
Council Letter No.5
Agenda January 3, 1993
Issue Statement:
Council designation of Acting City Manager.
Background:
It is necessary to designate a person to serve as the Acting City
Manager for those times when the City Manager is absent from the
City. The Director of Administrative Services has previously
been designated as the Acting City Manager.
Recommended Motion:
Designate Steven L. Devich, Director of Administrative Services,
as the Acting City Manager.
Basis of Recommendation:
1. This appointment is necessary to ensure continuation of City
operations during the absence of the City Manager.
Alternative Recommendation:
1. Defer this appointment to a later Council meeting.
Discussion/Decision Mode:
This matter has been placed on the January 3, 1994 Council agenda
for Council consideration.
Respectfully submitted,
(20
Jam s Prosser
Cit anager
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CITY OF RICHFIELD, MINNESOTA
Council Letter No. 4
Agenda January 3, 1993
Issue Statement:
Council designation of Mayor Pro Tempore.
Background:
It is necessary to designate a Council Member to serve as the
Mayor Pro Tempore for those times when the Mayor is absent from
the City.
Past Mayor Pro Tempores include:
1993 Mike Sandahl
1992 William Bullock
1991 Kristal Stokes
1990 Edwina Garcia
Recommended Motion:
Designate a Council Member to serve as Mayor Pro Tempore for
1994.
Basis of Recommendation:
1. This appointment is necessary to ensure continuation of City
operations during an absence of the Mayor.
Alternative Recommendation:
1. Defer this appointment to a later Council meeting.
Discussion/Decision Mode:
This item as been placed on the January 3, 1993 Council agenda
for Council consideration.
Respectfully submitted,
jJaD. Prosser
ager
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CITY OF RICHFIELD, MINNESOTA
Council Letter No.3
Agenda January 3, 1994
Issue Statement:
Designation of Council liaison appointments for 1994.
Background:
Members of the City Council serve as the City's representative on
various metropolitan agencies and the City's Boards and
Commissions. Each year, the Council appointments Council Members
to serve on the various agencies.
Recommended Motion:
Designate representatives for the various boards and agencies.
Basis of Recommendation:
1. The City needs representation on these boards and agencies.
Alternative Recommendation:
1. Defer the designation until a future Council meeting.
Discussion/Decision Mode:
This item has been placed on the January 3, 1994 City Council
agenda for Council consideration.
Respectfully submitted,
Jame . Prosser
City Manager
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AGENCY 1993 LIAISON 1994 LIAISON
OSSOC. METRO MUNICIPALITIES RUSS SUSAG, REP.
JIM PROSSER, ALT.
SOUTHWEST CABLE COMMISSION DON PRIEBE, DIR.
JIM PROSSER, DIR.
SUSAN ROSENBERG, ALT.
STEVE DEVICH, ALT.
NOISE MICHAEL SANDAHL, REP.
DON PRIEBE, ALT.
LEAGUE OF MINNESOTA CITIES MARTIN KIRSCH, REP.
JAMES PROSSER, ALT.
MASAC DON PRIEBE, REP.
GEORGE KARNAS, REP.
MICHAEL SANDAHL, ALT.
JAMES PROSSER, ALT.
RICHFIELD SCHOOL DISTRICT SUSAN ROSENBERG, REP.
MICHAEL SANDAHL, ALT.
STOREFRONT/YOUTH ACTION JACK ERSKINE, LIA.
SUSAN ROSENBERG, ALT.
*DVISORY BOARD OF HEALTH MARTIN KIRSCH, LIA.
SUSAN ROSENBERG, ALT.
COMM. SERVICES COMMISSION DON PRIEBE, LIA.
RUSS SUSAG, ALT.
HUMAN RIGHTS COMMISSION RUSS SUSAG, LIA.
SUSAN ROSENBERG, ALT.
HUMAN SERVICES COMMISSION SUSAN ROSENBERG, LIA.
DON PRIEBE, ALT.
PLANNING COMMISSION MARTIN KIRSCH, LIA.
RUSS SUSAG, ALT.
SISTER CITY COMMISSION MARTIN KIRSCH, LIA.
RUSS SUSAG, ALT.
RICHFIELD COMMUNITY HUMAN SUSAN ROSENBERG, REP.
SERVICES PLANNING COUNCIL NO ALTERNATE ---
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CITY OF RICHFIELD, MINNESOTA
Council Letter No. 2
Agenda January 3, 1994
Issue Statement:
Resolutions designating official depositories for the City of
Richfield for 1994, including the approval of collateral.
Background:
In accordance with Minnesota Statutes Section 475.66 and 118.005,
the City of Richfield must designate financial institutions
annually. The institutions must pledge the collateral over and
above the amount of federal insurance, as public depositories.
For the year 1994, two institutions have fulfilled this
requirement and will be considered as depositories for the City's
Deputy Registrar, payroll and vendor accounts and all savings
deposits in excess of $100,000. They are Richfield Bank and
Trust Company, pledging collateral of $2,059,562; and Firstar
Bank of Richfield, pledging collateral of $1,000,000; Norwest
Bank Minnesota and Twin City Federal are also official
depositories for the City, however, balances in these
institutions do not exceed $100,000 and thus collateral is not
required. Resolutions designating these institutions as official
depositories are attached to the Council Letter.
• Richfield Bank & Trust, Firstar Bank, and Twin City Federal have
all received a community reinvestment rating of "satisfactory."
Norwest Bank has received a community reinvestment rating of
"outstanding." Some of the factors considered when the
institutions are evaluated are community marketing, workshops,
contributions, housing/small business loan programs, and
community education.
Another resolution must be provided annually, designating certain
savings and loan associations and banks as official depositories
for investment of certain City funds. With approval of these
official depositories, the City will be able to invest funds in
these institutions, not exceeding the federal insurance of
$100,000.
Recommended Motions:
It is recommended that the City Council adopt the attached
resolutions designating official depositories, with the
understanding that the City could not invest in any of the
depositories beyond the level of insurance coverage of the
pledged collateral.
Basis of Recommendation:
1. The City is required by Minnesota Statute 475.66 and 118.005,
to designate as a depository of funds, insured banks or
. thrift institutions as defined in Section 518.01, Subdivision
3, Minnesota State Statutes. Any collateral so deposited is
accompanied by an assignment pledged to the City in the
amount specified in the attached resolutions.
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2. The City has worked with the institutions recommended in the
past and has found to have a good working relationship with
these institutions.
Alternative Recommendation:
1. The City Council could solicit other financial institutions
for official depositories, but past relationships with the
depositories recommended have proven satisfactory for the
City.
Discussion/Decision Mode:
Action of the City Council is desirable at the January 3, 1994,
City Council meeting so that the City may invest funds in the
approved financial institutions for the year 1994 immediately.
Respect lly submitted,
Ja D. Prosser
Ci Manager
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i or-sa imam NO.
RES r' LUTIC K DESIGNATIM THE RIQFIELD BAM AND TRUST COMPANY
A DEPOSITORY OF FUNDS OF THE QTY OF RICHW7ELD FOR THE YEAR
1994 AND APPROVING ODLLATERAL
BE IT RESOLVED by the City Council of the City of Richfield as follows:
That, in aooordanoe with Minnesota Statues, Section 475.66 and 118.005, the
Richfield Bank and Trust Company be, and he? is designated a depository of the
funds of the City of Richfield, subject to modification and revocation at any time
by said City, and subject to the following terms and conditions:
The said depository shall not be required to give bonds or other securities for
such deposits provided that the total sum thereof shall not at any time emceed in
arty depository the sums for which its deposits are insured under the Acts of
Congress of the United States relating to insurance of bank deposits; but that in
cage such deposits in any such depository shall at any time exceed such insured sum,
said depositary shall immediately furnish bonds or other security for such excess
according to law, approved by the City Council of said City.
That said depository shall pay on demand all deposits therein; and shall pay
all time deposits, at or after the end of the period for which the same shall be
deposited, on demand.
BE IT FUR'liM RESOLVED, that theme shall be maintained a general account in
which shall be deposited all monies from the water, sewer, and storm sewer
operations and not otherwise specifically provided for. Checks on this acoomt
shall be signed by the following officers or their facsimile signatures:
JAMES D. PROSSER, CITY NWiAGEt
STEVEN L. DEVICH, TREASURER
BE IT FURTHM RESOLVED, that there shall be a daily interest savings aomunt.
All withdrawals from said account will be for transfers to the general checking
account.
BE IT FURTHM RESOLVED, that collateral in the amount $2,059,562, is deposited
for safekeepirng at the Federal Reserve Bank of Minneapolis, is hereby approved.
Passed by the City Council of the City of Richfield this 3rd day of January,
1994.
Martin J. Kirsch Mayor
ATTEST:
Thomas P. Ferber City Clerk
,?-3
RE90LUTIC?T 1VO.
RnOI nm DESIC?ATII?G THE !'.IIiSM MM-RI ern
A DEROSIXURY OF FUNDS OF THE CITY OF RICQM'IEGD FOR THE YEAR
1994 AMID APPROV3M COLLATERAL
BE IT RESOLVED by the City Council of the City of Richfield as follows:
That, in aaco x1ance with Minnesota Statues, Section 475.66 and 118.005, the Firstar
Bank-Richfield be, and hereby is designated a depository of the funds of the City of
Richfield, subject to modification and revocation at any time by said City, and subject
to the following terms and conditions:
The said depositary shall not be required to give bonds or other securities for such
deposits provided that the total sun thereof shall not at any time exceed in any
depository the sums for which its deposits are insured under the Acts of Congress of the
United States relating to insurance of bank deposits; but not in case such deposits in
any such depositary shall at any time exceed such insured sure, said depositary shall
immediately furnish bounds or other security for such excess aeoording to law, approved
by the City Council of said City.
That said depository shall pay cn demand all deposits therein; and shall pay all time
deposits, at or after the end of the period for which the same shall be deposited, c n
demand.
BE IT FURTEM RESOLVED, that there shall be maintained a general aeootmt in which
1 be deposited all monies from liquor, golf, swimni.ng pool/ice arena operations and
ty permits. Checks cn this account shall be signed by the following officers or their
facsimile signatures:
JAMES D. PROSSER, CITY MANAGER
STEVEN L. DEVIC H, TREASURER
BE IT FURMM RESOLVED, that there shall be maintained a city payroll account. There
shall be issued a single check biweekly for an amount equal to the biweekly city
payroll, payable to the Treasurer for deposits in such payroll account. Thereafter, the
Treasurer is authorized to issue payroll checks cn said accounts for all wages or
salaries included in said biweekly payroll.
BE IT FURTHER RESOLVED, that there shall be a daily interest bearing checking
account. All interest earned shall be transferred to the Investment Trust Fund.
BE IT FuRTH ItR RESOLVED, that collateral in the amount $1,000,000, is deposited for
for safekeeping at the Firstar Bank - Milwaukee, Wisconsin is hereby approved.
Passed by the City Council of the City of Richfield this 3rd day of January 1994.
ATTEST:
Martin J. Kirsch Mayor
'Thomas P. Ferber City Clerk
0
RF?OIITTI?T NO.
RF50IIMON DFSIGNATIIVG NOFZWES'P BBNK MnOWS M, NA
A DEPOSITORY FOR THE OF CITY FUNDS IId 1994
, pursuant to Minnesota Statutes, Sections 475.66 and 118.005, municipal
funds may be deposited in any savings and loan association which has its deposits
insured by the Federal Savings and Loan Insurance Corporation, and
WMMM, the amount of said deposits may not exceed FSLIC insurancB covering
such deposits, which insurance presently amounts to $100,000, unless amounts in
excess of such insurance coverage is covered by additional collateral Pledged to the
City, and
(n??2FAS, the deposit of City funds in savings and loan associations and banks
would provide greater flexibility in the City's investment program and maximize
interest income thereon.
WMHMS, there shall be maintained a daily interest general checking aooount in
which shall be deposited all monies for the city licenses. Checks on this accotmt
shall be signed by the following officers or their facsimile signatures:
JMES D. PROSSER, CITY MWER
STEVEN L. DEVIC H, TREAWRER
• NOW, ZMEFOEtE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota, as follows:
1. That Norwest Bank Minnesota, NA, 6445 Nicollet, Richfield,
Minnesota be designated as official depositary for City funds
in 1994.
Passed by the City Council of the City of Richfield, this 3rd day of
January, 1994.
Martin J. Kirsch Mayor
ATTEST:
Thomas P. Ferber City Clerk
C;- 5
• RESOItTPION M.
A RF9OLtTrION DESIGNATING TWIN QTY FIDIItAL SAVnC S AMID IAM
AS A DEPOSITORY FOIL TM INVESTMENT of CITY FUNDS IN 1994
WMMS, pursuant to Minnesota Statutes, Section 475.66 and 118.005, municipal
funds may be deposited in any savings and loan association which has its deposits
insured by the Federal Savings and Loan Insurance Corporation, and
WHEREAS, the amount of said deposits may not exceed FSLIC insurance covering
such deposits, which insurance presently amounts to $100,000, unless amount is
excess of such insurance coverage is covered by additional collateral pledged to
the City, and
WHOZEAS, the deposit of City funds in savings and loan associations and banks
would provide greater flexibility in the City's investment grogram and maximize
interest income thereat.
NOW, T MWM, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota, as follows:
1. That Train City Federal savings and Loan, Marquette at 8th Street,
Minneapolis, Minnesota, be designated as an official depositary
for City funds for 1994.
• Passed by the City Council of the City of Richfield, this 3rd day of January,
1994.
ATTEST:
Thomas P. Ferber City Clerk
Martin J. Kirsch mayor
0
RESOIITPION NO. C?' to
A R ; OU)TION MATING (ER7AIIN SAVINGS AND LOAN
ASSOCIATIONS AND BANKS AS TES
Fffit THE INVES ENT OF CITY F ums IN 1994
BE IT RESOLVED by the City Council of the City of Richfield, Minnesota
UMRJMS, pursuant to Minnesota Statutes, Section 475.66 and 118.005, municipal
funds may be deposited in any Savings and Loan Association or Hank which has its
deposits insured by the Federal Savirx3s and Loan Insurarx3e Corporation (FSLIC) or
the Federal Deposit Insurance Corporation (FDIC), and
WHEKFAS, the amount of said deposits may not exceed the FSLIC/FDIC insurance
covering such deposits which insurance amount is presently $100,000, and
WHERF .1, the deposit of City funds in Savings and Loan Associations and Hanks
would provide greater flexibility in the City's investment program and maximize
interest income thereon.
NOW, ZMEMM, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota, as follows:
1. It is hereby found and determined that it is in the best
interests of the proper management of City funds that
various Savings and Loan Associations and Hanks be designated
as additional depositories for City funds for 1994.
2. It is further fond and determined that the purpose of such
depositary designation is to facilitate the proper and advantageous invest-
ments of City funds and that such designation is not exclusive nor does it
preclude the deposit of any City funds in other officially designated
depositories of the City.
3. The Treasurer and Finance Manager are hereby authorized to deposit City
funds in various depositories up to the amount of $100,000, or such other
amount as may be subsequently permitted by law, such deposits to be in the
form of demand accounts for Public Unit Savings Certificates purchased by
the City, payable to the City of Richfield on the signatures of the City
Treasures or Finance Manager. Such deposits may be made and withdrawn from
time to time by the Treasurer or Finance Manager as his/her best judgement
and the interests of the City dictates.
4. The investment of funds and the reporting thereof pursuant to
this resolution shall be conducted in accordance with established
policies of the City regarding the investment of City funds.
9
(?-7
•
Resolution No.
-2-
5. The following investment firms are being used to service depositories
outside the metropolitan area.
Adams-Van Dyke
2932B Wanamaker Drive
Topeka, Kansas 66614
Kansas National Investments
5845 Southwest 29th
Topeka, Kansas 66614
Fi narr_i al Nbrtbeastern Securities
100 Passaic Avenue
Fairfield, New Jersey 07004
0
Passed by the City C MCil of the City of Richfield this 3rd day of
January, 1994.
ATTEST:
Thomas P. Ferber City Clerk
Martin J. Kirsch
9
s
•
CITY OF RICHFIELD, MINNESOTA
Council Letter No. 1
Agenda January 3, 1994
Issue Statement:
Designation of official newspaper for 1994.
Background:
The Richfield Sun-Current, published by Minnesota Sun
Publications, has been the City's official newspaper for several
years.
Attached is a copy of a letter from Minnesota Sun Publications
requesting that they be designated the official newspaper for the
City of Richfield for 1994.
The rate structure for legals is as follows:
1 Column width
1993 $0.72 per line - first insertion ($7.92 per inch)
$0.42 per line - subsequent insertions ($4.62 per inch)
1994 $0.79 per line - first insertion ($8.69 per inch)
$0.44 per line - subsequent insertions ($4.84 per inch)
2 Column width
1993 $1.44 per line - first insertion ($15.84 per inch)
$0.84 per line - subsequent insertions ($9.24 per inch)
1994 $1.54 per line - first insertion ($16.94 per inch)
$0.89 per line - subsequent insertions ($9.79 per inch)
Recommended Motion:
Designate the Richfield Sun-Current as the official newspaper for
the City of Richfield for the year 1994.
Basis for Recommendation:
1. The paper is delivered to each residence in the City, thereby
providing City-wide coverage of legal notices to residents.
2. The paper has served well as the official newspaper for
several years.
3. The paper has expressed a desire to continue to provide this
service.
4. The newspaper is in close proximity to City offices if it is
necessary to hand deliver legal notices before publication
deadlines.
5. The cost for legal publications is reasonable.
Alternative Recommendation:
1. Not make a designation and request the City Clerk's office to
check into using another publication, such as the Minneapolis
Star Tribune, however, this would be much more costly.
Discussion/Decision Mode:
The City publishes legal notices on a frequent basis, therefore,
this item has been placed on the January 3, 1994 City Council
agenda so that a designation can be made for 1994.
Respectfully submitted,
Jam s Prosser
Cit anager
JDP:ds
C
F-Im
MINNESOTA
SUN'
Suri•Curr9n't Sunepost Sun•Saltor
December 29, 1993
Mr. Tom Ferber
City of Richfield
6700 Portland Avenue South
Richfield, MN 55423
Dear Mr. Ferber:.
Please consider the Sun-Current as the city of Richfield's official newspaper for the year 1994 at your
January organizational meeting.
The rate Structure for legals effective. January. 1, 1994 will be:
1 column width:' $0.79 per line - first insertion ($8.69 per inch)
$0.44 per line - subsequent insertions ($4.84 per inch)
2 column width:. $1.54 per line - first insertion ($16.94 per. inch)
$0.89 per line subsequent' insertions ($9.79 per inch)
Notarized affidavits on each of your publications will be. provided.
Minnesota Sun Publications will accept legal notices on. diskettes.wYh ur IBM r co patibl Wordstae
or Mal
computer. makes it easy for you to submit legal notices. produced
Word word-processing programs. Files saved. in ASCII are also acceptable. As this represents .as cost-
effective and efficient method for us to produce the copy for publication, we. will offer a 15% rate
discount on all notices submitted on diskettes. We recommend that other municipal departments
coordinate their legal notice publishing needs with the city clerk's office as well. .
All legal ads should be sent to our Bloomington office by Thursday noon e preceding te our attention of Wednesday
publications. In order to expedite our, service to you,,please direct your lg
Meridel Hedblom,..Minnesota Sun Publications, 7831'East Bush Lake Road, Bloomington, MN 55439.
For your convenience our fax number is 896-4754.
Thank you for considering the Sun-Current as your official newspaper for the ensuing year. We are
honored and pleased to serve you and look forward to a mutually beneficial working relationship with
the city of Richfield. .
Si cerely, '
Donald W. Thurlow
ublisher
Bloomington Otflces783 . 1 Fast Bush Lake Road • Bloomington, MN 56439 • Phs (612) 896.4700