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04-11-88 agenda CITY OF RICHFIELD, MINNESOTA Council Letter No. 101 Agenda April 11, 1988 40 Issue Statement: Authorization for City Manager to execute stipulation for dismissal of the City of Richfield from the Pertinen Planning & Design vs. Copy Duplicating case. Background: The City of Richfield was brought into litigation between Donald F. Pertinen Planning & Design vs. Lincoln Companies. The suit involves a claim by the planning company against Lincoln Companies for nonpayment of services rendered by the planning company. Lincoln Companies did not pay for planning and design work related to the CDP building. According to the Lincoln Companies, payment was not made because Lincoln alleges the work was not done to their satisfaction. The City of Richfield was involved in the litigation as fee owner of the property, but no money damages were sought against the City. The City required Lincoln Companies to post a bond to protect the interest of the City in this matter. Since the bond has been posted, the plaintiffs, Donald F. Pertinen Planning & Design, agree that the City of Richfield no longer needs to be defended . in the case. In the letter accompanying the stipulation, the attorneys' for plaintiff have stated that they reserve the right to bring the City back into the case if it is determined that the City wrongfully rejected the building plans, slandered or in some other way wronged the plaintiff. Recommended Motion: Authorize the City Manager to execute the stipulation. if Basis for Recommendation: 1. There is no advantage in continuing to be represented in this matter. Discussion/Decision Mode: This matter will be presented for consideration at the Council meeting of April 11, 1988. If there is a need to discuss additional information regarding this issue, the Council should adjourn to Executive Session for the purposes of discussing threatened litigation. submitted, Respe&.rosser • James City Manager JDP/eja CITY OF RICHFIELD, MINNESOTA Council Letter No. 100 Agenda April 11, 1988 Issue Statement: Council Receipt of the Unaudited 1987 Financial Report. Background: The annual financial report for the period ending December 31, 1987, has been completed by the Administrative Services Department. The audited financial report is not available at this time, due to the audit provision which requires Richfield's financial reports to be audited by Deloitte, Haskins & Sells subsequent to April 15. As council members may be aware, the City received a reduced audit fee in turn for approval for the auditors to delay their audit work until after April 15. The Richfield City Charter requires the financial report to be submitted to the City Council for fiscal year-end information by April 10 of each year. This report is submitted to Council- members prior to April 10 for review. The report has also been scheduled for official receipt at the April 11, 1988 City Council meeting. The attached Summary Report reflects the performance of the General Fund, Utility Funds, Golf Course Fund and Liquor Fund. Recommended Motion: Receive the unaudited 1987 Financial Report of the City. Basis for Recommendation: 1. City Charter provides that the financial report of the City be submitted to the City Council by April 10 of each year. 2. Audited financial reports for 1987 will not be available for several weeks. 3. The Administrative Services Department has just completed their financial reporting for 1987. Alternative Recommendation: 1. The City Council could request the staff to make a more detailed presentation of the unaudited 1987 Financial Report at this time or at a future Council Study Session. However, a detailed presentation of the audited report will be presented in the month of June, 1988. Discussion/Decision Mode: The Financial Report be formally accepted at the April 11 City Council meeting. Respectf ly submitted, Jame XD.rosser City Manager JDP:sb FINANCIAL REPORT SUMMARY - 1987 0 • The following is a summary of fund highlights for the General Fund, Utility Funds, Golf Course Fund and Municipal Liquor Fund. A thorough audited report will be presented to the City Council as soon as it becomes available. General Fund 1987 Actual 1987 Budget 1986 Actual Revenues $10,473,690 $ 99962,470 $ 9,703,977 Expenditures 91907,407 9,881,050 9,108,184 Net Transfers (84,406) (81,420) (188,470) Increase to Fund Balance 481,877 0 407,323 12/31 Fund Balance $ 4,652,929 $ 4,171,052 $ 4,171,052 The General Fund of the City has a 1987 year-end Fund Balance of $4,652,929, as compared to $4,171,052 at year-end 1986. The fund balance increase of $481,877 is due largely to increases in revenues collected which were not budgeted, such as storm disaster aid of approximately $166,000 and a permit purchase rebate of $31,664. In addition, there were additional revenues collected over budget in the deputy registrar function, Community Center, park and recreation, and swimming pool, as well as through municipal court fines. Expenditures came in over budget, due to the costs associated with the storm damage experienced during the summer flooding. Much of those costs will be reimbursed or have been reimbursed by federal and state funds. All Departments showed a continued commitment to containing the cost of operations. Water Utility Fund Revenues Expenses Net Transfers Net Income 12/31 Retained Earnings 1987 Actual 1,850,555 1,112,595 (69,024) 668,936 $ 2,983,693 1987 Budget 1,867,000 1,217,050 (69,040) 580,910 $ 2,895,667 1986 Actual 1,522,058 1,059,789 (88,782) 373,487 $ 2,314,757 The Water Fund experienced a positive financial position for 1987. Net Income for 1987 was $668,936, which was a 79% increase from the previous year. The dry early summer attributed to the large increase in net income. Due to the exceptional year, water rates were not raised for 1988. Available cash in the Water Utility Fund is necessary to fund capital improvements for the operation. This greatly reduces the possibility that the City would require bonds to make emergency repairs or upgrades to the water utility system. In 1987, the • sludge dewatering facility was completed and is being funded through the cash balance of the Water Utility Fund. Currently, the City is experiencing an emergency problem with City Well No. 7. These repairs will be paid for from the Water Fund's fund balance. Sewer Utility Fund Revenues Expenditures Net Transfers Net Income 12/31 Retained Earnings 1987 Actual 1,311,505 1,039,112 (24,466) 247,927 $ 3,198,694 1987 Budaet $ 1,212,510 1,003,710 (24,480) 184,320 $ 3,135,087 1986 Actual 1,205,183 935,533 (50,802) 218,848 $ 2,950,767 The Sewer Fund showed net income in 1987 of $247,927, notably higher than the estimated $184,000 level. The fund continues to receive loan payments from the Golf Course. That loan is targeted for full repayment during 1989. The $40,000 payment for 1987 leaves approximately $55,000 remaining on the original $230,000 loan. Storm Sewer Utility 1987 Actual 1987 Budget 1986 Actual Revenues $ 355,402 449,930 306,189 • Expenditures Net Transfers 279,594 (5,400) 398,940 (5,400) 206,042 (8,310) Net Income 70,408 45,590 91,837 12/31 Retained Earnings $ 328,916 $ 304,098 $ 2589508 The Storm Sewer Utility performed much as expected for 1987. Net income for 1987 was $70,408, which was more than expected. There were a number of pass-through costs in this fund related to the 1987 storm. However, federal and state disaster aid offset the added costs. It should be noted that the impact of the flooding experienced in 1987 may cause some problems which surface in 1988. Golf Course Fund Revenues Expenditures Net Transfers Net Income Transfer to City Garage 12/31 Retained Earnings 1987 Actual $ 843,759 660,944 (36,906) 145,909 (32,612) $ 113,074 1987 Bud et 864,830 718,920 (36,960) 95,626 $ 108,727 $ (223) 1986 Actual 717,240 591,221 (30,393) Fiscal year 1986 reflected the last year of covering large retained deficits from previous years. Thus, the entire net income from 1986 was used to balance previous losses. In 1987, the net income is free of a previous retained deficit. *//-J 1987 was an operation. income was year. exceptionally good year for the Golf Course Total revenues far exceeded the previous year and net $145,909. This compares with $95,626 the previous Liquor Fund Revenues Expenditures Net Transfer Net Income 12/31 Retained Earnings 1987 Actual $5,855,014 5,458,428 (392,131) 4,455 $ 1,675,710 1987 Budoet $ 6,029,000 5,321,810 (392,120) 315,070 $ 1,986,325 1986 Actual 5,685,977 5,172,963 (478,646) 34,368 $ 1,671,255 Year-end revenues for 1987 reached a record $5,855,014 as compared to $5,685,977 the previous year. This 1987 year-end revenue figure also was the highest total of any municipal liquor operation in the State of Minnesota once again. While sales were at a record high, the operation did not realize profits of the previous year because of a lower gross margin on products sold. However, it was a very good year for the operation and provided a $300,000 transfer to the Special Revenue Fund. The 1987 Budget projected greater net income than actually • occurred. That is due to the fact that an expected $306,500 payment for the old Cedar Avenue Liquor Store property did not occur in 1987. Instead, sale proceeds will be received in 1988. This financial report summary represents the highlights of the overall financial report for Richfield. Financial reports for all funds are attached to this letter, including internal service funds not specially highlighted herein. A comprehensive review of the 1987 financial operations will be presented to the City Council once the auditors' report is complete. In general, 1987 was a very favorable year for the City's financial operations. Additions to the City's fund balances will be very helpful to retain financial stability as the City faces potential future revenue shortfalls. 0 CITY OF RICHFIELD, MINNESOTA FORM F . GENERAL FUND COMPARATIVE BALANCE SHEET December 31, 1987 and 1986 ASSETS 1987 1986 Cash and temporary cash investments $4,659,753 $4,356,475 Receivables: Taxes 108,681 74,235 Special Assessments 6,819 1,291 Accounts 69,392 77,247 Due from other funds 18,792 30,089 Due from other governments 241,231 123,395 Total Assets $5,104,668 $4,662,732 LIABILITIES AND FUND BALANCE Liabilities: • Accounts payable 86,238 $ 137,154 Accrued salaries and employee benefits payable 224,869 200,872 Due to other governments 58,190 101,044 Deferred revenue 82,442 52,610 Total Liabilities 451,739 491,680 Fund Balance: Reserved for: Cable television 36,009 49,373 Public Safety 4,035 Encumbrances 21,427 72,907 Unreserved: Designated 665,885 618,807 Undesignated 3,925,573 3,429,965 Total Fund Balance 4,652,929 4,171,052 Total Liabilities and Fund Balance $5,104,668 $4,662,732 0 /// ? CITY OF RICHFIELD, MINNESOTA • GENERAL FUND SCHEDULE OF REVENUES COMPARED TO BUDGET For the Year Ended December 31, 1987 With Comparative Actual Amounts for Year Ended December 31, 1986 1987 Taxes: Current ad Current ad fiscal di Delinquent Penalties, tax sales valorem valorem - sparities ad valorem interest, and forfeited Over Final (Under) 1986 Budget Actual Budget Actual $3,002,010 $3,029,791 $ 27,781 $2,944,363 540,900 540,901 1 456,490 15,000 22,208 7,208 46,697 7 000 19,093 12,093 21,843 , 3,564,910 3,611,993 47,083 3,469,393 120,000 144,538 24,538 111,914 170,000 199,330 29,330 163,378 290 000 343,868 53,868 275,292 , 9,000 8,458 (542) 9,218 158,325 158,325 3,122,390 3,122,395 5 3,003,840 1,325,600 1,326,320 720 1,215,409 6,000 6,280 280 6,120 129,370 129,368 (2) 149,922 16,254 208 208 282 15,000 12,000 (3,000) 6,000 31,664 31,664 8,698 8,698 99,000 100,006 1,006 99,149 5,000 5,265 265 4,711,360 4,908,987 197,627 4,506,194 Total Taxes Licenses and Permits: Business licenses Nonbusiness licenses and permits Total Licenses and Permits lantergovernmental Revenue: Federal: Civil defense reimbursement Disaster aid State: Local government aid Homestead credit Law officer training State-aid street maintenance Warning system reimbursement Natural Resources grant Energy grant Surcharge rebate Disaster aid County: Community health services Community Development Block Grant Total Intergovernmental Revenue LJ CITY OF RICHFIELD, MINNESOTA FORM F-1 GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the Year Ended December 31, 1987 With Comparative Actual Amounts for Year Ended December 31, 1986 1987 Over Final (Under) 1986 Budget Actual Budget Actual Revenues: Taxes $3,564,910 $ 3,611,993 $ 47,083 $3,469,393 Licenses and permits 290,000 343,868 53,868 275,292 Intergovernmental revenue 4,711,360 4,908,987 197,627 4,506,194 Charges for services 927,710 1,015,390 87,680 882,052 Fines and forfeits 312,700 326,553 13,853 337,552 Miscellaneous revenues 155,790 266,899 111,109 233,494 Total Revenues 9,962,470 10,473,690 511,220 9,703,977 Expenditures: General Government Administrative Services Public Safety Community Development Community Services Total Expenditures Excess of Revenues over Expenditure Other Financing Sources (Uses): Operating transfers in (out): Community Development Block Grant Fund Municipal Liquor Fund Water Utility Fund Sewer Utility Fund Golf Course Fund Storm Sewer Utility Fund Central Garage Fund Data Processing Fund Self Insurance Fund Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over Expenditures and Other Uses fund Balance - January 1 Fund Balance - December 31 495,530 507,192 11,662 483,688 841,920 820,784 (21,136) 733,359 4,867,320 4,853,856 (13,464) 4,600,546 .210,290 231,795 21,505 101,720 3,465,990 3,493,780 27,790 3,188,871 9,881,050 9,907,407 26,357 9,108,184 81,420 566,283 484,863 595,793 (3,166) (3,166) 69,250 69,250 66,670 26,380 26,380 25,360 13,700 13,700 13,180 25,000 25,000 16,540 5,000 5,000 (18,550) (18,550) (22,736) (132,780) (202,200) (200,020) 180 (154,704) (81,420) (84,406) (2,986) (188,470) 481,877 4,171,052 4,171,052 $4.171.052 1 4.657.424 481,877 407,323 3,763,729 $481,877 $4,171,052 #// f CITY OF RICHFIELD, MINNESOTA FORM F-2 . GENERAL FUND SCHEDULE OF REVEN UES COMPARED TO BUDGET (CONCLUDED) For the Year Ended December 31, 1987 With Comparative Actual Amounts for Year Ended December 31, 1986 1987 Over Final (Under) 1986 Budget Actual Budget Actual Charges for Services: General Government $ 45,000 $ 53,452 $ 8,452 $ 46,924 Deputy Registrar 245,000 259,164 14,164 242,123 Public Safety 103,640 110,619 6,979 97,149 Community Development 17,110 18,453 1,343 15,721 Community Services 2,600 1,915 (685) 5,069 Health 5,000 9,114 4,114 9,429 Park and Recreation 89,360 98,194 8,834 86,456 Swimming Pool 88,150 99,835 11,685 80,172 Ice Arena 246,120 249,153 3,033 228,664 Nature Center 20,200 21,049 849 20,399 Center mmunit C 530 65 94,442 28,912 49,946 y o , es for Services Total Char 710 927 1,015,390 87,680 882,052 g , Fines and Forfeits: Municipal court fines 303,000 319,481 16,481 327,376 Forfeited bail 4,700 3,605 (1,095) 4,931 Highway patrol fines 5,000 3,371 (1,629) 5,190 enalties License 96 96 55 p Total Fines and Forfeits 700 312 326,553 13,853 337,552 , Miscellaneous Revenues: Interest 105,440 184,665 79,225 184,990 Cable TV franchise fee 33,300 33,366 66 30,505 Rent 12,350 13,042 692 7,339 Insurance claims and refunds 125 125 30 Contributions 4,700 17,584 12,884 1,750 Recovery - damage to city property 7,330 7,330 8,777 Other 10,787 10,787 103 Total Miscellaneous Revenues 155,790 266,899 111,109 233,494 Total Revenues $9,962,470 $10,473,690 $511,220 $9,703,977 CITY OF RICHFIELD, MINNESOTA is GENERAL FUND SCHEDULE OF EXPENDITURES COMPARED TO BUDGET For the Year Ended December 31, 1987 With Comparative Actual Amounts for Year Ended Dece mber 31, 1986 1987 Over Final (Under) 1986 Budget Actual Budget Actual GENERAL GOVERNMENT: Mayor-Council: Personal services $ 30,940 $ 30,099 $ (841) $ 30,617 Other services and charges 44,950 41,094 (3,856) 36,602 Supplies 8,600 6,152 (2,448) 7,535 Total 84,490 77,345 (7,145) 743,754 Other Agencies: Senior outreach services 2,000 2,000 606 Corner stone advocacy 1,250 1,250 5,800 Storefront/Youth action 42,850 42,850 40,800 Project Charlie 111 1,800 1,800 3,160 South Hennepin Human Services 7,100 7,362 262 127 Total 55,000 55,262 262 50,493 • City Manager: Personal services 101,050 102,419 1,369 80,292 Other services and charges 51,190 59,866 8,676 74,772 Supplies 4,500 4,111 (389) 3,188 Capital outlay 580 189 (391) 615 Total 157,320 166,585 9,265 158,867 Legal: Personal services 49,280 49,229 (51) 47,555 Other services and charges 149,340 158,771 9,431 151,966 Supplies 100 (100) 53 Total 198,720 208,000 9,280 199,574 Total General Government $495,530 $507,192 $11,662 $483,688 ADMINISTRATIVE SERVICES: Administration: Personal services Other services and charges Supplies Capital outlay Total $ 92,780 $ 93,913 9,310 8,413 2,340 2,108 250 229 104,680 104,663 $ 1,133 (897) (232) (21) (17) $ 84,921 7,768 3,171 95,860 Personnel: Personal services 59,790 58,255 (1,535) 55,614 Other services and charges 27,130 26,432 (698) 18,875 r Supplies 6,050 5,257 (793) 4,561 Capital outlay 330 322 (8) 310 Total 93,300 90,266 (3,034) 79,360 CITY OF RICHFIELD, MINNESOTA FORM F-3 GENERAL FUND SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (CONTINUED) For the Year Ended December 31, 1987 With Comparative Actual Amounts for Year Ended December 31, 1986 1987 Over Final (Under) 1986 Budget Actual Budget Actual ADMINISTRATIVE SERVICES: (Continued) Youth Employment - Counseling: Personal services $ 19,610 $ 19,482 $ (128) $ 17,875 Other services and charges 1,280 1,121 (159) 2,512 Supplies 860 536 (324) 584 Total 21,750 21,139 (611) 20,971 Finance: Personal services 128,780 130,454 1,674. 118,289 Other services and charges 59,510 56,256 (3,254) 41,330 Supplies 12,000 13,943 1,943 6,111 Capital outlay 1,170 1,500 330 1,808 Total 201,460 202,153 693 167,538 City Clerk: Personal services 171,030 166,180 (4,850) 154,039 Other services and charges 18,690 18,935 245 25,796 Supplies 11,100 8,585 (2,515) 7,685 Capital outlay 107 Total 200,820 193,700 (7,120) 187,627 Election: Personal serv ices 6,000 7,277 1,277 11,094 Other services and charges 6,900 3,436 (3,464) 12,676 Supplies 4,900 3,723 (1,177) 1,682 Total 17,800 14,436 (3,364) 259452 Assessing: Personal services 26,550 26,063 (487) 20,662 Other services and charges 127,560 127,087 (473) 117,056 Supplies 4,820 1,766 (3,054) 3,330 Capital Outlay 1,100 1,138 38 Total 160,030 156,054 (3,976) 141,048 Cable Television: Personal services 8,350 7,469 (881) 5,996 Other services and charges 15,260 12,779 (2,481) 9,422 Supplies 200 (200) 85 Capital outlay 18,270 18,125 (145) Total 42,080 38,373 (3,707) 15,503 Total Administrative Services $841,920 $820,784 $(211136) $733,359 '// // CITY OF RICHFIELD, MINNESOTA • GENERAL FUND SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (CONTINUED) For the Year Ended Decem ber 31, 1987 With Comparative Actual Amounts for Ye ar Ended December 31, 1986 1987 Over Final (Under) 1986 Budget Actual Budget Actual PUBLIC SAFETY: Administration: Personal services $ 541,890 $ 516,757 $(25,133) $ 495,511 Other services and charges 114,650 105,585 (9,065) 126,553 Supplies 26,000 30,855 4,855 20,397 Capital outlay 25,580 25,425 (155) 17,354 Total 708,120 678,622 (29,498) 659,815 Police Protection: Personal services 1,897,460 1,909,618 12,158 1,781,344 Other services and charges 308,090 335,582 27,492 339,745 Supplies 46,000 38,551 (7,449) 40,075 Capital outlay 25,370 25,155 (215) 13,905 Total 2,276,920 2,308,906 31,986 2,175,069 Fire Protection: • Personal services 1,321,150 1,301,718 (19,432) 1,227,375 Other services and charges 99,700 114,135 14,435 103,321 Supplies 33,000 30,306 (2,694) 23,577 Capital outlay 6,620 25,168 18,548 6,052 Total 1,460,470 1,471,327 10,857 1,360,325 Emergency Services: Personal services 12,960 9,778 (3,182) 9,738 Other services and charges 28,800 24,037 (4,763) 23,907 Supplies 4,500 3,734 (766) 3,707 Capital outlay 25,000 3,737 (21,263) 34,951 Total 71,260 41,286 (29,974) 72,303 Inspection: Personal services 161,590 151,502 (10,088) 147,273 Other services and charges 184,460 199,686 15,226 183,487 Supplies 500 668 168 716 Capital outlay 4,000 1,859 (2,141) 1,558 Total 350,550 353,715 3,165 333,034 Total Public Safety $4,867,320 $4,853,856 $(13,464) $4,600,546 CITY OF RICHFIELD, MINNESOTA GENERAL FUND SCHEDULE OF EXPEND ITURES COMPARED TO BUDGET (CONTINUED) For the Year Ended December 31, 1987 With Comparative Actual Amounts for Year Ended Dece mber 31, 1986 1987 Over Final (Under) 1986 Budget Actual Budget Actual COMMUNITY SERVICES: (Continued) Swimming Pool: - Personal services $ 66,670 $ 66,972 $ 302 $ 59,471 Other services and charges 28,150 23,777 (4,373) 24,685 Supplies 14,870 14,957 87 15,067 Capital outlay 1,060 860 (200) 1,092 Total 110,750 106,566 (4,184) 100,315 Community Center: Personal services 208,640 204,055 (4,585) 189,994 Other services and charges 77,400 100,910 23,510 64,786 Supplies 26,400 25,297 (1,193) 23,539 Capital outlay 2,950 9,202 6,252 935 Total 315,390 339,464 23,984 279,254 • Recreation: Personal services 189,520 186,173 (3,347) 167,787 Other services and charges 84,190 81,513 (2,677) 71,422 Supplies 27,770 27,006 (764) 18,468 Capital outlay 3,890 2,155 (495) 1,165 Total 305,370 296,847 (7,283) 258,842 Nature Center: Personal services 181,930 206,643 24,713 174,432 Other services and charges 40,980 44,224 3,244 31,033 Supplies 12,370 16,249 3,879 14,130 Capital outlay 2,400 2,155 (245) Total 237,680 269,271 31,591 219,595 Engineering: Personal services 70,760 75,354 4,594 62,066 Other services and charges 10,860 6,107 (4,753) 11,198 Supplies 1,980 2,090 140 1,859 Capital outlay 850 581 (269) 661 Total 84,450 84,132 (288) 75,784 Forestry: Personal services 106,200 104,887 (1,313) 74,643 Other services and charges 83,650 87,370 3,720 67,925 Supplies 2,430 5,962 3,532 2,480 Capital outlay 660 660 1,959 • Total 192,280 198,879 6,599 1419007 CITY OF RICHFIELD, MINNESOTA • GENERAL FUND SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (CONCLUDED) For the Year Ended December 31, 1987 With Comparative Actual Amounts for Year Ended December 31, 1986 COMMUNITY SERVICES: (Continued) Lyndale/Nicollet Maintenance: Personal services Other services and charges Supplies Capital outlay Total Government Buildings: Personal services Other services and charges Supplies Capital outlay Total • Park Maintenance: Personal services Other services and charges Supplies Capital outlay Total Streets: Personal services Other services and charges Supplies Capital outlay Total Total Community Services Total Expenditures FORM F-3 1987 Over Final (Under) 1986 Budget Actual Budget Actual $ 770 $ 142 $ (628) $ (405) 4,070 4,831 761 1,146 6,380 5,210 (1,170) 2,271 300 288 (12) 1,766 11,520 10,471 (1,049) 4,778 134,390 131,799 (2,591) 111,713 137,060 138,038 978 .127,884 16,490 17,203 713 14,246 7,200 50,102 42,902 3,272 295,140 337,142 42,002 257,115 362,790 417,898 55,108 355,231 142,200 151,738 9,538 116,064 39,280 39,797 517 48,335 4,650 6,544 1,894 8,649 548,920 615,977 67,057 528,279 294,850 288,716 (6,134) 319,860 540,010 455,321 (84,689) 462,872 84,990 75,843 (9,147) 86,161 18,600 17,538 (1,062) 25,312 938,450 837,418 (101,032) 894.205 $3,465,990 $3,493,780 $ 27,790 $3,1881871 $9,881,050 $9,907,407 $ 26,357 $9,108,184 C. CITY OF RICHFIELD, MINNESOTA WATER UTILITY FUND COMPARATIVE BALANCE SHEET December 31, 1987 and 1986 ASSETS 1987 1986 Current Assets: Cash and temporary cash investments $ 1,226,077 $ 1,236,060 Accounts receivable: Service charges: Billed 293,391 220,749 Certified to County Auditor 82,253 70,612 Unbilled services 131,225 143,145 Due from other governments 304 Inventory 6,538 7,276 Total Current Assets 1,739,788 1,677,842 Long-term Assets: Connection charges receivable: Edina hookups lAn . Property and Equipment: Land 44,500 44,500 Buildings 1,468,519 1,468,519 Office equipment 5,899 5,889 Machinery and equipment 2,963,119 2,294,992 Other improvements 6,464,087 6,464,087 10,946,114 10,277,987 Less accumulated depreciation 3,706,238 3,499,499 Net Property and Equipment 7,239,876 6,778,488 Total Assets t R_070 AAA 4 0 AKA GGC 0 FORM K-9 • LIABILITIES AND FUND EQUITY 1987 1986 Current Liabilities: Accounts payable $ 40,120 $ 106,495 Accrued salaries and employee benefits payable 32,010 39,164 Contracts payable 5,000 81,000 Due to other funds: Housing & Redevelopment Special Revenue 86 General Obligation Bonds 20,000 20,000 Total Current Liabilities 97,216 246,659 Long-term Liabilities: Customer deposits 532,137 528,296 Deferred revenues - connection charges: Edina hookups 180 225 Total Long-term Liabilities 532,317 528.521 Total Liabilities 629,533 775,180 Fund Equity: • Contributed capital: Special assessments 3,196,500 3,196,500 City aid for construction 2,140,118 2,140,118 Federal grant 30,000 30,000 Total Contributed Capital 5,366,618 5,366,618 Retained Earnings: Unreserved 2, 983 ,693 2 ,314, 757 Total Retained Earnings 2, 983 ,693 2 ,314, 757 Total Fund Equity 8, 350 ,311 7 ,681, 375 Total Liabilities and Fund Equity $8, 979, 844 $8, 456, 555 0 CITY OF RICHFIELD, MINNESOTA FORM K-10 WATER UTILITY FUND COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS For the Years Ended December 31, 1987 and 1986 1987 1986 Sales: Charges for services $1,760,864 $1,471,339 Operating Expenses: Personal services 382,979 372,581 Other services and charges 334,236 321,792 Supplies 188,641 156,685 Depreciation 206,739 208,731 Total Operating Expenses 1,112,595 1,059,789 Operating Income 648,269 411,550 Nonoperating Revenues (Expenses): Interest 86,755 78,966 Gain (loss) on sale of property 2,416 (28,247) Storm Disaster aid 520 • Total Nonoperating Revenues (Expenses) 89,691 50,719 Income Before Operating Transfers 737,960 462,269 Operating Transfers (Out): General Fund (26,380) (25,360) Special Assessment Fund (201000) (20,000) Data Processing Fund (27,000) Self Insurance Fund (22,644) (16 422) Total Operating Transfers (Out) (69,024) (88,782) Net Income 668,936 373,487 Retained Earnings - January 1 2,314,757 1,941,270 Retained Earnings - December 31 $2,983,693 $2,314,757 ?J CITY OF RICHFIELD, MINNESOTA FORM K-11 • WATER UTILITY FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION For the Years Ended December 31, 1987 and 1986 1987 1986 Sources of Working Capital: Operations: Net income $668,936 $373,487 Item not requiring current working capital: Depreciation 206,739 208,731 Working Capital Provided by Operations 875,675 582,218 Increase in deposits 3,841 3,291 Decrease in long-term assets 45 945 Disposition of equipment 38,975 Total Sources of Working Capital 879,561 625,429 Uses of Working Capital: Acquisition of property and equipment 668,127 354,795 Decrease in liabilities payable from deferred assets 45 945 Total Uses of Working Capital 668,172 355,740 Net Increase in Working Capital $211,389 $269,689 • Elements of Net Increase (Decrease) in Working Capital: Cash and investments $ (9,983) $454,001 Accounts receivable 72,363 (26,852) Due from other governments 304 Inventory (738) 3,178 Accounts payable 66,375 (75,448) Accured salaries and employee benefits payable 7,154 (4,190) Due to other funds (86) Contracts payable 76,000 (81,000) Net Increase in Working Capital $211,389 $269,689 0 L? CITY OF RICHFIELD, MINNESOTA WATER UTILITY FUND COMPARATIVE SCHEDULE OF REVENUES For the Years Ended December 31, 1987 and 1986 1987 Sales: Charges for services: Water sales metered Water availability Connection charges Customer services Sales of material and supplies Certification fee Penalty charge Customer service charge Total Sales $1,649,195 1,620 72 13,001 3,587 3,630 14,141 75,618 $1,760,864 FORM K-12 1986 $1,360,160 2,904 527 15,984 1,220 3,500 13,568 73,476 $1.471.339 0 //- If CITY OF RICHFIELD, MINNESOTA FORM K-13 WATER UTILITY FUND COMPARATIVE SCHEDULE OF OPERATING EXPENSES For the Years Ended December 31, 1987 and 1986 1987 1986 Treatment and Distribution: Personal Services: Salaries $ 279,886 $ 278,329 Interdepartmental labor 24,571 25,246 Retirement contributions 36,767 33,281 Health and life insurance contributions 20,832 15,610 Total Personal Services 362,056 352,466 Other Services and Charges: Rents and leases 13,452 22,096 Advertising and publications 115 42 Maintenance and repairs 75,593 70,123 Professional services 4,543 3,965 Communications 901 3,035 Travel and subsistence 5,674 3,193 Subscriptions and memberships 947 965 Utilities 175,113 139,055 Insurance, bonds, and licenses 45,275 53,558 Other contractual services 595 785 Total Other Services and Charges 322,208 296,817 Supplies: Office 380 674 Clothing 1,096 640 Parts, tools, and supplies 12,473 16,208 Chemicals 168,432 133,195 Total Supplies 182,381 150,717 Depreciation 206,739 208,731 Total Treatment and Distribution 1,073,384 1,008,731 Collection and Billing: Personal Services: Salaries 17,859 16,858 Retirement contributions 2,079 1,937 Health and life insurance contributions 985 1,320 Total Personal Services 20,923 20,115 Other Services and Charges: Rents and leases 9,023 22,027 Maintenance and repairs 202 294 Professional services 2,360 2,100 Insurance 443 554 Total Other Services and Charges 12,028 24,975 Supplies: Office supplies 6,260 5,968 Total Collection and Billing 39,211 51,058 Total Operating Expenses $1,112,595 $1,059,789 x//-02 d CITY OF RICHFIELD, MINNESOTA • SEWER UTILITY FUND COMPARATIVE BALAN CE SHEET December 31, 1987 and 1986 1987 1986 ASSETS Current Assets: Cash and temporary cash investments $1,281,237 $ 847,961 Accounts receivable: Service charges: Unbilled services 113,128 121,195 Accrued interest receivable - Golf Course Fund 642 1,108 Advance to Storm Sewer Utility Fund Due from other governments: Metropolitan Waste Control Commission: Interceptor acquisition - current 79,902 76,829 Operating cost adjustment (1986 and 1985) 112,296 166,445 State of Minnesota 5,016 Total Current Assets 1,592,221 1,213,538 Long-term Assets: Long-term advance - Golf Course 55,000 95,000 Due from other governments: • Metropolitan Waste Control Commission: Operating cost adjustment (1987 and 1986) 53,402 112,296 Reserve capacity 29,873 39,427 Interceptor acquisition contract 1,248,606 1,328,508 Total Long-term Assets 1,386,881 1,575,231 Property and Equipment: Land 29,050 9,050 Buildings 527,634 479,245 Office equipment 1,244 1,244 Machinery and equipment 86,937 73,908 Other improvements 54,055 41,269 698,920 604,716 Less accumulated depreciation 314,250 289,613 Net Property and Equipment 384,670 315,103 Total Assets $3,363,772 $3,103,872 LJ #j/-?21 9 0 FORM K-14 1987 1986 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts payable $ 5,743 $ 1,377 Accrued salaries and employee benefits payable 28,225 17,326 Due to other governments:, Metropolitan Waste Control Commission: Reserve capacity charges 3,292 Total Current Liabilities 33,968 21,995 Fund Equity: Contributed capital: City 131,110 131,110 Retained Earnings: Unreserved 3,198,694 2,950,767 Total Fund Equity 3,329,804 3,081,877 Total Liabilities and Fund Equity $3,363,772 $3,103,872 L CITY OF RICHFIELD, MINNESOTA FORM K-15 I'q n U SEWER UTILITY FUND COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS For the Years Ended December 31, 1987 and 1986 1987 1986 Sales: Charges for services $1,162,868 $1,093,255 Miscellaneous revenues 522 12 Total Sales 1,163,390 1,093,267 Operating Expenses: Metropolitan Waste Control Commission: Sewer service charges 764,164 694,542 Personal services 180,954 148,391 Other services and charges 55,784 59,345 Supplies 13,573 9,591 Depreciation 24,637 23,664 Total Operating Expenses 1,039,112 935,533 Operating Income 124,278 157,734 Nonoperating Revenues: Interest 139,516 111,916 Storm disaster aid 8,599 Total Nonoperating Revenues 148,115 111,916 Income Before Operating Transfers 272,393 269,650 Operating Transfers (Out): General Fund (13,700) (13,180) Capital Project Fund Data Processing Fund (27,000) Self Insurance Fund (10,766) (10,622) Total Operating Transfers (Out) (24,466) (50,802) Net Income 247,927 218,848 Retained Earnings - January 1 2,950,767 2,731,919 Retained Earnings - December 31 $3,198,694 $2,950,767 1] CITY OF RICHFIELD, MINNESOTA FORM K-16 • n U SEWER UTILITY FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION For the Years Ended December 31, 1987 and 1986 1987 1986 Sources of Working Capital: Operations: Net income $247,927 $218,848 Item not requiring working capital: Depreciation 24,637 23,664 Working Capital Provided by Operations 272,564 242,512 Decrease in long-term assets: Due from Metropolitan Waste Control Commission: Reserve capacity 9,554 10,759 Operating cost adjustment 58,894 54,149 Interceptor acquisition contract 79,902 76,829 Decrease in long-term advance 40,000 40,000 Total Sources of Working Capital 460,914 424,249 Uses of Working Capital: Acquisition of property and equipment 94,204 5,222 Total Uses of Working Capital 94,204 5,222 Net Increase in Working Capital $3661710 $419,027 Elements of Net Increase (Decrease) in Working Capital: Cash and investments $433,276 $645,318 Accounts receivable (8,067) 4,107 Due from other funds (466) (370,917) Due from other governments (46,060) 103,330 Accounts payable (4,366) (886) Accrued salaries and employee benefits payable (10,899) (1,049) Due to other governments 3,292 39,124 Net Increase in Working Capital $366,710 $419,027 r? CITY OF RICHFIELD, MINNESOTA FORM K-17 • SEWER UTILITY FUND COMPARATIVE SCHEDULE OF REVENUES AND EXPENSES For the Years Ended December 31, 1987 and 1986 1987 1986 Sales: Charges for services: Sewer user charges $1,098,277 $1,029,705 Reserve capacity charges 1,660 1,995 Sewer certification charges 3,630 3,500 Customer service charges 50,212 48,526 Penalty charge 9,089 9,529 Total Charges for Services 1,162,868 1,093,255 Miscellaneous: Sale of material 22 12 Rental of property 500 Total Miscellaneous 522 12 Total Sales 1,163,390 1,093,267 Operating Expenses: . Sewer service charges 764,164 694,542 Personal services 180,954 148,391 Other services and charges 55,784 59,345 Supplies 13,573 - 9,591 Depreciation 24,637 23,664 Total Operating Expenses 1,039,112 935,533 Operating Income 124,278 157,734 Nonoperating Revenues: Interest: Deferred current value credit 56,213 59,168 Reserve capacity 534 2,239 Investments 76,586 41,526 Golf Course 6,183 8,983 Storm disaster aid 8,599 Total Nonoperating Revenues 148,115 111,916 Income Before Operating Transfers $ 272,393 $ 269,650 CITY OF RICHFIELD, MINNESOTA FORM K-18 . SEWER UTILITY FUND COMPARATIVE SCHEDULE OF OPERATING E XPENSES For the Years Ended December 31, 1987 and 1986 1987 1986 Sewer Service Charge - Metropolitan Waste Control Commission: Treatment charges $ 764,164 $694,542 Maintenance: Personal Services: Salaries 175,479 84,686 Interdepartmental labor (credit) (46,287) 14,386 Retirement contributions 17,365 14,598 Health and life insurance contributions 9,627 11,970 Other Services and Charges: Rents and leases 22,633 18,311 Maintenance and repair of equipment 1,831 592 Expert and professional services 5,399 15 Communications 917 875 Travel and subsistence 1,080 1,317 Utility services 5,313 4,632 Insurance, bonds, and permits 8,183 9,709 Other contractual services 596 1,156 • Supplies: Parts, tools, and supplies 7,923 3,701 Depreciation 24,637 23,664 Total Maintenance 234,696 189,612 Collection and Billing: Personal Services: Salaries 20,538 18,601 Interdepartmental labor 112 369 Retirement contributions 2,224 1,983 Health and life insurance contributions 1,896 1,798 Other Services and Charges: Rents and leases 6,878 19,783 Maintenance and repair of equipment 202 241 Professional sevice 2,293 2,100 Communications 30 Insurance and bonds 459 584 Supplies: Office supplies 5,650 5,890 Total Collection and Billing 40,252 51,379 Total Operating Expenses $1,039,112 $935,533 0 CITY OF RICHFIELD, MINNESOTA FORM K-24 STORM SEWER UTILITY FUND COMPARATIVE BALANCE SHEET December 31, 1987 and 1986 ASSETS 1987 1986 Current Assets: Cash and temporary cash investments $ 471,468 $ 459,851 Accounts receivable: Service charges: Unbilled services 41,997 47,058 Due from other governments 35,656 Total Current Assets 549,121 506,909 Restricted Assets: Cash and investments for debt service 128,046 132,124 Property and Equipment: Machinery and equipment 1,624 1,624 Other improvements 2,293,539 2,281,145 2,295,163 2,282,769 Less accumulated depreciation 38,840 457 Net Property and Equipment 2,256,323 2,282,312 . Total Assets $2,933,490 $2,921,345 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts payable $ 14,108 $ 6,906 Current Liabilities (Payable from Restricted Assets): Accrued interest payable 65,466 130,931 Bonds payable (due in one year) 60,000 Total Current Liabilities (Payable from Restricted Assets) 125,466 130,931 Long-term Liabilities: Bonds payable (due after one year) 2,465,000 2,525,000 Total Liabilities 2,604,574 2,662,837 Fund Equity: Retained earnings: Reserved for construction 199,360 Unreserved 328.916 59.148 Total Fund Equity 328 ,916 258, 508 . Total Liabilities and Fund Equity $2,933 ,490 $2,921, 345 CITY OF RICHFIELD, MINNESOTA STORM SEWER UTILITY FUND COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS For the Years Ended December 31, 1987 and 1986 1987 • Sales: FORM K-25 1986 Charges for services $391,377 $383,646 Customer service charges 15,962 16,636 Penalty charge 4,365 3,267 Total Sales 411,704 403,549 Operating Expenses: Personal services 98,739 113,926 Other services and charges 74,179 88,479 Supplies 68,293 3,312 Depreciation 38,383 325 Total Operating Expenses 279,594 206,.042 Operating Income 132,110 197,507 Nonoperating Revenues (Expenses): Interest 40,220 79,278 Storm disaster aid 61,011 Bond discount expense (44,995) Interest and fiscal charges (157,533) (131,643) Total Nonoperating Revenues (Expenses) (56,302) (97,360) Income Before Operating Transfers 75,808 100,147 Operating Transfers (Out): General Fund (51000) Data Processing Fund (8,100) Self Insurance Fund (400) (210) Total Operating Transfers (Out) (5,400) (8,310) Net Income 70,408 91,837 Retained Earnings - January 1 258,508 166,671 Retained Earnings - December 31 $328,916 $258,508 0 CITY OF RICHFIELD, MINNESOTA FORM K-26 • STORM SEWER UTILITY FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION For the Years Ended December 31, 1987 and 1986 1987 1986 Sources of Working Capital: Operations: Net income $ 70,408 $ 91,837 Item not requiring working capital: Depreciation 38,383 325 Working Capital Provided by Operations 108,791 92,162 Increase in current liabilities payable from restricted assets 130,931 Increase in bonds payable 2,525,000 Decrease in restricted assets 4,078 Total Sources of Working Capital 112,869 2,748,093 Uses of Working Capital: Acquisition of property and equipment 12,394 1,769,912 Increase in restricted assets 132,124 Decrease in current liabilities payable from restricted assets 5,465 Decrease in long term bonds payable 60,000 Total Uses of Working Capital 77,859 1,902,036 Net Increase in Working Capital $ 35,010 $ 846,057 Elements of Net Increase (Decrease) in Working Capital: Cash and investments 11,617 $ 457,893 Accounts receivable (5,061) 5,262 Due from other governments 35,656 Accounts payable (7,202) 12,902 Due to other funds 370,000 Net Increase in Working Capital $ 35,010 $ 846,057 CITY OF RICHFIELD, MINNESOTA FORM K-27 • STORM SEWER UTILITY FUND COMPARATIVE SCHEDULE OF OPERATING EXPENSES For the Years Ended December 31, 1987 and 1986 1987 1986 Personal Services: Interdepartmental labor $ 98,739 $113,926 Other Services and Charges: Rents and leases 50,624 62,250 Maintenance and repairs 3,979 14,553 Professional services 15,540 7,426 Travel and subsistence 1,076 1,128 Utilities 1,757 1,709 Insurance 1,203 Other contractual services 1,413 Total Other Services and Charges 74,179 88,479 Supplies: - Office 190 420 Parts, tools, and supplies 68,103 2,892 Total Supplies 68,293 3,312 is Depreciation 38,383 325 Total Operating Expenses $279,594 $206,042 0 CITY OF RICHFIELD, MINNESOTA FORM K-28 STORM SEWER UTILITY FUND SCHEDULE OF CHANGES IN ASSETS RESTRICTED FOR REVENUE BOND DEBT SERVICE For the Year Ended December 31, 1987 Cash and investments at beginning of year Cash Receipts: Transfer from operating cash Cash Disbursements: Construction expenditures Interest payments Fiscal agent's fee Total Cash Disbursements Cash and investments at end of year 0 Revenue Bond Debt Service $132,124 155,533 4,078 155,117 416 159,611 $128,046 0 -6el?l --?' CITY OF RICHFIELD, MINNESOTA FORM K-20 • MUNICIPAL GOLF COURSE FUND COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS For the Years Ended December 31, 1987 and 1986 1987 1986 Sales and Cost of Sales: 479 $806 $709,870 User fees Sales of merchandise and concession , 135,618 122,244 Less cost of sales (59,267) (56,648) Gross Profit 882,830 775,466 Operating Expenses: 412 324 291,560 Personal services , 546 124 672 112 Other services and charges , 081 102 , 79,675 Supplies Depreciation , 109,905 107,314 Total Operating Expenses 660,944 591,221 Operating Income 221,886 184,245 Nonoperating Revenues (Expenses): Interest 27,345 21,819 • Storm disaster aid 7,476 Miscellaneous 1,001 366 Interest and fiscal charges (74,893) (80,411) Total Nonoperating Revenues (Expenses) (39,071) (58,226) Income Before Operating Transfers 182,815 126,019 Operating Transfers (Out): 000) (25 (16,540) General Fund , (5 400) Data Processing Fund , Self Insurance Fund (11,906) (8,453) Total Operating Transfers (Out) (36,906) (30,393) Net Income 145,909 95,626 Retained Deficit - January 1 (223) (95,849) Equity Transfers out to Central Garage (32,612) Retained Earnings (Deficit) - December 31 $113,074 $ (223) 0 7-11,11-J_?_ CITY OF RICHFIELD, MINNESOTA FORM K-21 • MUNICIPAL GOLF COURSE COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION For the Years Ended December 31, 1987 and 1986 1987 1986 Sources of Working Capital: Operations: Net income $145,909 $ 95,626 Item not requiring working capital: Depreciation 109,905 107,314 Working Capital Provided by Operations 255,814 202,940 Net increase in current liabilities payable from restricted assets 4,558 Sale of property and equipment 101 Total Sources of Working Capital 255,915 207,498 Uses of Working Capital: Acquisition of property and equipment 82,916 74,423 Net decrease in current liabilities payable from restricted assets 500 Net increase in restricted assets 8,973 9,334 Decrease in long-term bonds payable 50,000 50,000 Decrease in long-term advance 40,000 40,000 Total Uses of Working Capital 182,389 173,757 Net Increase in Working Capital $ 73,526 $ 33,741 Elements of Net Increase (Decrease) in Working Capital: Cash and investments 93,296 $ 40,796 Accounts receivable 4,358 (138) Due from other governments 4,361 Inventory 2,141 (2,840) Accounts payable (13,511) (99) Accrued salaries and employee benefits payable 355 (4,895) Accrued interest payable 466 917 Contracts payable (17,940) Net Increase in Working Capital $ 731526 $ 33,741 0 -17,i/-,f2 CITY OF RICHFIELD, MINNESOTA FORM K-22 • MUNICIPAL GOLF COURSE FUND COMPARATIVE SCHEDULE OF OPERATING EXPENSES For the Years Ended December 31, 1987 and 1986 1987 1986 Personal Services: Salaries $287,689 $254,930 Interdepartmental labor 9,841 13,159 Retirement contributions 21,216 18,253 Health and life insurance contributions 5,666 5,218 Total Personal Services 324,412 291,560 Other Services and Charges: Rents and leases 63,978 51,822 Advertising and publications 1,887 1,568 Maintenance and repairs 8,755 10,300 Professional services 1,238 1,181 Communications 5,556 5,425 Travel and subsistence 3,802 3,596 Subscriptions and memberships 922 1,089 Utilities 17,098 14,578 Insurance, bonds, and licenses 21,310 23,113 • Total Other Services and Charges 124,546 112,672 Supplies: Office 2,019 1,957 Parts, tools, and supplies 100,062 77,718 Total Supplies 102,081 79,675 Depreciation 109,905 107,314 Total Operating Expenses $660,944 $5911221 11 7 /-J f/ CITY OF RICHFIELD, MINNESOTA • MUNICIPAL GOLF COURSE FUND SCHEDULE OF CHANGES IN ASSETS RESTRICTED FOR REVENUE BOND DEBT SERVICE For the Year Ended December 31, 1987 Cash and investments at beginning of year Cash Receipts: Interest earnings: Investments Transfer from operating cash Total Cash Receipts Cash Disbursements: Principal payments Interest payments Fiscal agent's fee Total Cash Disbursements • Cash and investments at end of year FORM K-23 - Revenue Bond Debt Service $286,291 8,320 118,710 127,030 50,000 68,522 188 $294,611 0 CITY OF RICHFIELD, MINNESOTA MUNICIPAL GOLF COURSE FUND COMPARATIVE BALANCE SHEET December 31, 1987 and 1986 ASSETS Current Assets: Cash and temporary cash investments Accounts receivable Due from other governments Inventory Total Current Assets Restricted Assets: Cash and investments: Revenue bond debt service Accrued interest receivable Total Restricted Assets Property and Equipment: Land • Buildings Office equipment Machinery and equipment Other improvements Less accumulated depreciation Net Property and Equipment Total Assets 1987 1986 $ 99,365 $ 6,069 4,358 4,361 28.173 26,032 136,257 32,101 294,611 286,291 2,610 1,957 297,221 288,248 57,865 57,865 415,654 393,903 7,413 6,583 242,438 259,104 1,362,640 1,321,596 2,086,010 2,039,051 688.976 582,315 1,397,034 1,456,736 Qi RZn r.17 41 777_nA; 17J FORM K-19 0 • LIABILITIES AND FUND EQUITY Current Liabilities (Payable from Current Assets): Accounts payable Accrued salaries and employee benefits payable Accrued interest payable - Sewer Utility Fund Contracts payable Total Current Liabilities (Payable from Current Assets) Current Liabilities (Payable from Restricted Assets): Accrued interest payable Bonds payable (due in one year) Total Current Liabilities (Payable from Restricted Assets) Long-term Liabilities: Bonds payable (due after one year) Advance payable from Sewer Utility Fund Total Long-term Liabilities Total Liabilities Fund Equity: Contributed capital: City Retained Earnings: Reserved for revenue bond retirement Unreserved Total Retained Earnings (Deficit) Total Fund Equity Total Liabilities and Fund Equity 1987 1986 $ 15,585 $ 2,074 12,578 12,933 642 1,108 17.940 46,745 16,115 11,004 11,504 50,000 50,000 61,004 975,000 55,000 1,030,000 1,137,749 61,504 1,025,000 95,000 1,120,000 1,197,619 579,689 579,689 236,217 226,744 (123,143) (226,967) 113,074 (223) 692,763 Itl_a'ln_512 579,466 Iti »>_na5 ??e//-j 7 CITY OF RICHFIELD, MINNESOTA FORM K-5 MUNICIPAL LIQUOR FUND COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS For the Years Ended December 31, 1987 and 1986 1987 1986 Sales and Cost of Sales: Sales $5,800,621 $5,611,299 Less cost of sales (4,654,168) (4,408,972) Gross Profit 1,146,453 1,202,327 Operating,Expenses: Personal services 456,824 421,806 Other services and charges 273,228 282,819 Supplies 25,572 22,334 Depreciation 48,636 37,032 Total Operating Expenses 804,260 763,991 Operating Income 342,193 438,336 Nonoperating Revenues (Expenses): Interest 48,864 68,219 Commissions Miscellaneous revenues 4,730 3,848 6,230 12,655 Miscellaneous expenses (5,431) (10,044) Total Nonoperating Revenues (Expenses) 54,393 74,678 Income Before Operating Transfers 396,586 513,014 Operating Transfers (Out): General Fund (69,250) (66,670) Special Revenue Fund (300,000) (315,000) Data Processing Fund (75,600) Self Insurance Fund (22,881) (21,376) Total Operating Transfers (Out) (392,131) (478,646) Net Income 4,455 34,368 Retained Earnings - January 1 1,671,255 1,636,887 Retained Earnings - December 31 $1,675,710 $1,671,255 r CITY OF RICHFIELD, MINNESOTA • MUNICIPAL LIQUOR FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION For the Years Ended December 31, 1987 and 1986 1987 • Sources of Working Capital: Operations: Net income Item not requiring working capital: Depreciation Working Capital Provided by Operations Disposition of equipment Total Sources of Working Capital Uses of Working Capital: Acquisition of property and equipment Net Increase (Decrease) in Working Capital Elements of Net Increase (Decrease) in Working Capital: Cash and investments Accounts receivable Due from other governments Inventory Accounts payable Accrued salaries and employee benefits payable Contracts payable Deferred revenue Net Increase (Decrease) in Working Capital $ 4,455 48.636 53,091 3,566 56,657 428,899 (372,242) $(483,705) 82,358 192 (10,633) (18,893) (9,451) 82,890 (15,000) $(372,242) FORM K-6 1986 $ 34,368 37,032 71,400 71,400 203,616 (132,216) $ (87,076) (936) 1,540 45,500 (3,354) (82,890) (5,000) $(132,216) 7i`// j f CITY OF RICHFIELD, MINNESOTA • MUNICIPAL LIQUOR FUND COMPARATIVE SCHEDULE OF REVENUES AND EXPENSES BY STORE For the Years Ended December 31, 1987 and 1986 Sales Cost of Sales: Inventory, January 1 Purchases Total Merchandise Available for Sale Less: Inventory, December 31 Cost of Sales Gross Profit on Sales Percentage of Gross Profit to Sales Less: Operating Expenses Operating Income Before Depreciation Less: Depreciation Operating Income Nonoperating Revenues (Expenses): Interest - investments Commissions Rents Refunds Gain on sale of equipment Bad checks Cash long (short) Total Nonoperating Revenues (Expenses) Net Income Before Operating Transfers All Stores 1987 1986 $5,800,621 $5,611,299 387,182 4,643,535 5,030,717 385,642 4,410,512 4,796,154 376,549 4,654,168 1,146,453 755,624 390,829 48,636 342,193 48,864 4,730 50 4,304 1,876 (4,379) (1,052) 54,393 Q 1ati rRA 387,182 4,408,972 1,202,327 726,959 475,368 37,032 438,336 68,219 3,848 660 11,995 (9,544) (500) 74,678 Q riz nia 0 #// FORM K-7 0 Lyndale Store 1987 1986 $2,191,287 $2,085,461 Cedar Store 1987 1986 $1,969,269 $1,795,449 Penn Store 1987 1986 $1,640,065 $1,730,389 146,358 144,902 139,491 152,023 101,333 88 717 1,786,598 1,656,032 1,572,773 1,398,112 1,284,164 , 1,356,368 1,932,956 1,800,934 1,712,264 1,550,135 1,385,497 1,445,085 158,529 146,358 125,736 139,491 92,284 101,333 1,774,427 1,654,576 1,586,528 1 410 644 1 293 213 1 343 752 , , , , , , 416,860 430,885 382,741 384 805 346 852 386 637 , , , 19.0% 20.7% 19.4% 21.4% 21.1% 22.3% 279,553 262,792 253,718 251,718 222,353 212,449 • 137,307 168,093 129,023 133,087 124,499 174 188 16,368 16,232 21,660 11 607 10 608 , 9 193 , , , 120,939 151,861 107,363 1212480 113,891 164,995 13,597 25,241 25,088 21,830 10,179 21,148 1,803 1,257 1,685 1,987 1,242 604 50 660 1,590 205 1,536 11,584 1,178 206 1,925 (49) (1,906) (3,574) (1,774) (2,465) (699) (3 505) (319) (367) (713) (265) (20) , 132 14,815 22,762 27,747 33,331 11,831 18,585 $ 135,754 $ 174,623 $ 135,110 $ 1542811 $ 125,722 $ 183,580 CITY OF RICHFIELD, MINNESOTA MUNICIPAL LIQUOR FUND COMPARATIVE SCHEDULE OF OPERATING EXPENSES BY STORE For the Years Ended December 31, 1987 and 1986 All Stores 1987 1986 Personal Services: Salaries - regular employees $394,703 $363,141 Interdepartmental labor services 12,757 12,574 City contribution to PERA and FICA 34,908 31,960 Hospitalization and insurance 14,456 14,131 Total Personal Services 456,824 421,806 • Other Services and Charges: Rents and leases 35,986 59,610 Advertising and publications 55,260 50 496 Maintenance and repair 12,559 , 7 372 Expert and professional services 10,696 , 14 094 Communication and travel 14,693 , 8 269 Subscriptions and memberships 1,048 , 936 Utilities 30,880 35 121 Insurance, bonds, taxes, and licenses 99,732 , 86 991 Burglar alarm 5,440 , 2 493 Other contractual services 6,934 , 17,437 Total Other Services and Charges 273,228 282,819 Supplies: Office supplies 2,433 2 070 Small tools and minor equipment 18,532 , 17 557 General supplies 4,607 , 2,707 Total Supplies 25,572 22,334 Total Operating Expenses Excluding Depreciation 755,624 726,959 Depreciation 48,636 37,032 Total Operating Expenses Including Depreciation $804,260 $763,991 FORM K-8 • Lyndale Store Cedar Store 1987 1986 1987 1986 Penn Store 1987 1986 $144,752 $137,383 $129,872 $116,690 $120,079 $109,068 4,245 5,416 5,980 5,646 2,532 1,512 12,135 10,360 10,772 9,718 12,001 11,882 4,860 4,936 4,338 4,291 5,258 4,904 165,992 158,095 150,962 136,345 139,870 127,366 12,188 20,027 12,073 19,750 11,725 19,833 18,018 16,832 19,602 16,832 17,640 16,832 3,633 3,164 4,712 2,713 4,214 1,495 3,596 3,602 3,953 6,890 3,147 3,602 3,430 3,199 7,928 2,840 3,335 2,230 350 308 353 320 345 308 15,988 13,698 10,817 15,218 4,075 6,205 39,740 30,668 30,456 29,657 29,536 26,666 3,256 1,116 1,094 824 1,090 553 2,257 1,766 3,071 14,206 1,606 1,465 102,456 94,380 94,059 109,250 76,713 79,189 1,249 1,078 701 637 483 355 8,417 8,103 5,587 4,579 4,528 4,875 1,439 1,136 2,486 907 682 664 11,105 10,317 8,774 6,123 5,693 5,894 279,553 16,368 $295,921 262,792 16,232 $279,024 253,795 21,660 $275,455 251,718 11,607 $263,325 222,276 10,608 $232,884 212,449 9,193 $221,642 0 -h1i1- 111j • CITY OF RICHFIELD, MINNESOTA FORM K-4 MUNICIPAL LIQUOR FUND COMPARATIVE BALANCE SHEET December 31, 1987 and 1986 ASSETS 1987 1986 Current Assets: Cash and temporary cash investments $ 278,850 $ 762,555 Accounts receivable 91,375 9,017 Due from other governments 192 Inventory 376,549 387,182 Total Current Assets 746,966 1,158,754 Property and Equipment: Land 313,657 313,657 Buildings 1,161,024 835,388 Office equipment 10,846 15,701 Machinery and equipment 249,248 240,127 Other improvements 114,142 100,635 1,848,917 1,505,-508 Less accumulated depreciation 563,399 596,687 Net Property and Equipment 1,285,518 908,821 Total Assets $2,032,484 $2,067,575 is LIABILITIES AND FUND EOUITY Current Liabilities: Accounts payable $ 277,984 $ 259,091 Accrued salaries and employee benefits payable 58,790 49,339 Contracts payable 82,890 Deferred revenue 20.000 5.000 Total Current Liabilities 356,774 396,320 Fund Equity: Retained earnings: Unreserved 1,675,710 1,671,255 Total Retained Earnings 1,675,710 1,671,255 Total Liabilities and Fund Equity $2,032,484 $2,067,575 0 sir- r? CITY OF RICHFIELD, MINNESOTA INTERNAL SERVICE FUNDS COMBINING SCHEDULE OF PROPERTY AND EQUIPMENT For the Year Ended December 31, 1987 Property and Equipment Balance Life-Years 1/1/87 Additions Deletions Central Garage and Equipment Fund Office equipment 10 $ 3,275 $ 603 Machinery and equipment 1-2 2,570,942 $404,617 264,057 Total 2,574,217 404,617 264,660 Data Processing Fund Building improvements 8 4,635 Office equipment 5-10 7,431 972 Machinery and equipment 8 479,060 134,785 165,557 Other improvements 10 2,733 177 Total 493,859 134,785 166,706 Central Services Fund Office equipment 5 130 125 130 Machinery and equipment 5 59,139 3,940 21,540 Other improvements 10 1,318 Total 60,587 4,065 21,670 • Total - All Internal Service Funds $3,128,663 $543,467 $453,036 r 0 $3,219,094 $1,426,274 $381,939 $421,265 $1,386,948 Accumulated Depreciation Balance Balance Depreciation Balance 12/31/87 1/1/87 Taken Deductions 12/31/87 $ 2,672 $ 1,973 $ 301 $ 603 $ 1,671 2,711,502 1,158,576 291,469 242,469 1,207,576 2,714,174 1,160,549 291,770 243,072 1,209,247 4,635 4,635 4,635 6,459 6,152 478 972 5,658 448,288 222,651 79,782 165,557 136,876 2,556 1,260 276 177 1,359 4619938 234,698 80,536 166,706 148,528 125 105 24 119 10 41,539 30,403 9,465 11,368 28,500 1,318 519 144 663 42,982 31,027 9,633 11,487 29,173 FORM L-3 Net Asset Value $ 1,001 1.503.926 1,504,927 801 311,412 1.197 313,410 115 13,039 655 13,809 $1,832,146 0 #//- 4 CITY OF RICHFIELD, MINNESOTA FORM L-4 PERMANENT IMPROVEMENT REVOLVING FUND COMPARATIVE BALANCE SHEET December 31, 1987 and 1986 ASSETS 1987 1986 Current Assets: Cash and temporary cash investments $682,810 $558,083 Accounts receivable 470 Special assessments receivable: Current 78,114 96,269 Delinquent 4,781 4,193 Due from other funds: Capital Project Fund 107,837 144,802 Work in process 15,680 23,263 Total Assets $889,692 $826,610 FUND EQUITY Retained Earnings: Unreserved: Designated for permanent working capital $ 78,139 $ 78,139 Designated for work in process 15,680 23,263 • Undesignated 795,873 725,208 Total Retained Earnings 889,692 826,610 Total Fund Equity $889,692 $826,610 0 oe CITY OF RICHFIELD, MINNESOTA FORM L-5 PERMANENT IMPROVEMENT REVOLVING FUND COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS For the Years Ended December 31, 1987 and 1986 1987 1986 Operating Revenues: Special assessments certified $ 26,231 $ 85,716 Operating Expenses: Other services and charges: Shade tree program 14,394 17,378 Alley maintenance 11,837 15,121 Other 53 156 Total Operating Expenses 26,284 32,656 Operating Income (Loss) (53) 53,061 Nonoperating Revenues: - Interest: Investments 40,855 51,896 Temporary Loans: Shade tree program 474 705 Capital Project Funds 12,565 7,153 . Certified on special assessments 9,241 5,088 Total Nonoperating Revenues 63,135 64,842 Income Before Operating Transfers 63,082 117,903 Operating Transfers In (Out): Capital Project Funds (52,755) Net Income 63,082 65,148 Retained Earnings - January 1 826,610 761,462 Retained Earnings - December 31 $889,692 $826,610 0 CITY OF RICHFIELD, MINNESOTA PERMANENT IMPROVEMENT REVOLVING FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION For the Years Ended December 31, 1987 and 1986 1987 Sources of Working Capital: Operations: Net income $ 63,082' Total Sources of Working Capital 63,082 Net Increase in Working Capital $ 63,082 Elements of Net Increase (Decrease) in Working Capital: Cash and investments $124,727 Accounts receivable 470 Special assessments receivable (17,567) Due from other funds (36,965) Work in process (7,583) Net Increase in Working Capital $ 63,082 0 FORM L-6 1986 $ 65,148 65,148 $ 65,148 $(116,643) 43,921 144,802 (6.932) $ 65,148 //- / I-If CITY OF RICHFIELD, MINNESOTA CENTRAL GARAGE AND EQUIPMENT FUND COMPARATIVE BALANCE SHEET December 31, 1987 and 1986 ASSETS Current Assets: Cash and temporary cash investments Accounts receivable Due from other funds: Housing and Redevelopment Authority Due from other governments Inventory - materials and supplies Total Current Assets Property and Equipment: Office equipment Machinery and equipment Less accumulated depreciation Net Property and Equipment • Total Assets LIABILITIES AND FUND EQUITY Current Liabilities: Accounts payable Accrued salaries and employee benefits payable Total Current Liabilities Fund Equity: Contributed capital: City Federal grant State grant Total Contributed Capital Retained earnings: Reserved for fire truck replacement Reserved for communication equipment Unreserved Total Retained Earnings 0 Total Fund Equity Total Liabilities and Fund Equity 1987 $1,357,192 260 140 416 20,993 1,379,001 2,672 2.711.502 2,714,174 1,209,247 1,504,927 Q7 001 090 $ 11,280 14,613 25,893 1,048,160 31,598 27,917 1,107,675 173,249 138,726 1.438.385 1,750,360 2,858,035 $2,883,928 FORM L-7 1986 $1,126,171 21,384 1,147,555 3,275 2.570.942 2,574,217 1,160,549 1,413,668 $2,561,223 $ 38,213 13,865 52,078 957,156 31,598 27,917 1,016,671 162,987 102,281 1.227.206 1,492,474 2,509,145 CITY OF RICHFIELD, MINNESOTA FORM L-8 • CENTRAL GARAGE AND EQUIPMENT FUND COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS For the Years Ended December 31, 1987 an d 1986 1987 1986 Operating Revenues: Charges for services: Billings to departments and City projects $ 747,286 $ 677,142 Operating Expenses: Cost of materials used: Inventory - January 1 21,384 18,804 Purchases 139,131 144,623 Total 160,515 163,427 Inventory - December 31 20,993 (21,384) Total Cost of Materials Used 139,522 142,043 Other Operating Costs: Salaries and wages 107,926 103,797 Retirement contributions 13,264 12,541 Health and life insurance contributions 7,532 7,792 Rents and leases 14,653 8,400 Contractual maintenance and repairs 20,586 31,900 Travel and subsistence Insurance and bonds 3,011 33,668 2,343 50,435 Supplies 11,218 9,211 Depreciation 291,770 256;921 Total Other Operating Costs 503,628 483,340 Total Operating Expenses 643,150 625,383 Operating Income 104,136 51,759 Nonoperating Revenues: Interest 84,805 77,210 Gain on sale of assets 40,013 18,480 Sale of materials 300 Recovery - damage to city property 560 714 Storm disaster aid 712 Total Nonoperating Revenues 126,090 96,704 Income Before Operating Transfers 230,226 148,463 Operating Transfers In (Out): General Fund 18,550 22,736 Special Revenue Fund 30,000 15,000 Revenue Sharing Fund 45,000 Data Processing Fund (5,400) Self Insurance Fund (20,890) (11,209) Total Operating Transfers 27,660 66,127 Net Income 257,886 214,590 Retained Earnings - January 1 1,492,474 1,277,884 Retained Earnings - December 31 $1,750,360 $1,492,474 CITY OF RICHFIELD, MINNESOTA FORM L-9 • CENTRAL GARAGE AND EQUIPMENT FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION For the Years Ended December 31, 1987 and 1986 1987 1986 Sources of Working Capital: Operations: Net income $257,886 $214,590 Item not requiring working capital: Depreciation 291,770 256,921 Working Capital Provided by Operations 549,656 471,511 Contributed capital increased: City 91,004 Disposition of equipment 21,588 1,500 Total Sources of Working Capital 662,248 473,011 Uses of Working Capital: Acquisition of property and equipment 310,485 304,,020 Property and equipment transferred from: Municipal Golf Course Fund 35,739 General Fixed Assets 58,393 • Total Uses of Working Capital 404,617 304,020 Net Increase in Working Capital $2572631 $168,991 Elements of Net Increase (Decrease) in Working Capital: Cash and investments $231,021 $193,831 Accounts receivable 260 (1,002) Due from other funds 140 (91) Due from other governments 416 Inventory (391) 2,580 Accounts payable 26,933 (23,568) Accrued salaries and employee benefits payable (748) (3,850) Due to other funds 1,025 Due to other governments 66 Net Increase in Working Capital $257,631 $168,991 CITY OF RICHFIELD, MINNESOTA FORM L-10 I J DATA PROCESSING FUND COMPARATIVE BALANCE SHEET December 31, 1987 and 1986 ASSETS 1987 1986 Current Assets: Cash and temporary cash investments $ 55,952 $ 90,162 Accounts receivable 9,705 Due from other funds: Housing and Redevelopment Authority of Richfield 945 945 Due from other governments 1,789 Inventory 3,628 1,483 Total Current Assets 72,019 92,590 n LJ Property and Equipment: Building improvements 4,635 4,635 Office equipment 6,459 7,431 Machinery and equipment 448,288 479,060 Other improvements 2,556 2,733 461,938 493,859 Less accumulated depreciation 148,528 234,698 Net Property and Equipment 313,410 259,161 Total Assets $385,429 $351,751 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts payable $ 9,080 $ 25,570 Accrued salaries and employee benefits payable 13,856 9,622 Total Current Liabilities 22,936 35,192 Fund Equity: Contributions: City 12,842 12,842 Retained earnings: Unreserved 349.651 303.717 Total Fund Equity 362,493 316,559 Total Liabilities and Fund Equity $385,429 $351,751 ?/y //-.?1 3 CITY OF RICHFIELD, MINNESOTA FORM L-11 • DATA PROCESSING FUND COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS For the Years Ended December 31, 1987 and 1986 1987 1986 Operating Revenues: Charges for services: Equipment rental $125,224 $169,236 Professional services 120,743 117,431 Total Operating Revenues 245,967 286,667 Operating Expenses: Cost of materials used: Inventory - January 1 1,483 4,472 Purchases 2,853 7,284 Total 4,336 11,756 Inventory - December 31 (3,628) (1,483) Total Cost of Materials 708 10,273 Other Operating Expenses: - Salaries and wages 63,267 78,332 Retirement contributions 9,491 9,079 Health and life insurance contributions 4,319 4,148 Equipment rentals 15,790 97,520 Expert and professional services 30,948 29,587 Insurance and bonds 2,476 2,729 Contractual maintenance and repairs 27,730 12,449 General expenses 6,950 3,238 Supplies 5,333 2,360 Depreciation 80,536 47,592 Total Other Operating Expenses 246,840 287,034 Total Operating Expenses 247,548 297,307 Operating Income (Loss) (1,581) (10,640) Nonoperating Revenues: Interest 4,337 3,317 Insurance claims 41,655 Storm disaster aid 3,067 Total Nonoperating Revenues 49,059 3,317 Income (Loss) Before Operating Transfers 47,478 (7,323) Operating Transfers In (Out): General Fund 132,780 Enterprise Funds 143,100 Central Garage Fund 5,400 Self Insurance Fund (1,544) (1,007) Total Operating Transfers (1,544) 280,273 Net Income 45,934 272,950 • Retained Earnings - January 1 303,717 30,767 Retained Earnings - December 31 $349,651 $303,717 ?r.s 7 ? CITY OF RICHFIELD, MINNESOTA FORM L-12 DATA PROCESSING FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION For the Years Ended December 31, 1987 and 1986 1987 1986 Sources of Working Capital: Operations: Net income $ 45,934 $272,950 Item not requiring working capital: Depreciation 80,536 47,592 Working Capital Provided by Operations 126,470 320,542 Total Sources of Working Capital 126,470 320,542 • Uses of Working Capital: Acquisition of property and equipment 134,785 289,055 Total Uses of Working Capital 134,785 289,055 Net Increase (Decrease) in Working Capital $ (8,315) $ 31,487 Elements of Net Increase (Decrease) in Working Capital: Cash and investments $(34,210) $ 60,760 Accounts receivable 9,705 Due from Housing and Redevelopment Authority 472 Due from other governments 1,789 Inventory 2,145 (2,989) Accounts payable 16,490 (24,831) Accrued salaries and employee benefits payable (4,234) (1,925) Net Increase in Working Capital $ (8,315) $ 31,487 0 CITY OF RICHFIELD, MINNESOTA FORM L-13 19 CENTRAL SERVICES FUND COMPARATIVE BALANCE SHEET December 31, 1987 and 1986 ASSETS 1987 1986 Current Assets: Cash $32,708 $18,040 Accounts receivable 160 562 Due from other funds: Housing and Redevelopment Authority of Richfield 1,137 2,220 Due from other governments 1,246 Inventory 13,783 11,875 Total Current Assets 49,034 32,697 Property and Equipment: Office equipment 125 130 Machinery and equipment 41,539 59,139 Other improvements 1,318 1,318 42,982 60,587 Less accumulated depreciation 29,173 31,027 Net Property and Equipment 13,809 29,560 Total Assets $62,843 $62,257 • LIABILITIES AND FUND EQUITY Current Liabilities: Accounts payable $ 2,164 $ 2,146 Accrued salaries and employee benefits payable 5,199 4,212 Capital lease obligation - current portion 7,241 Total Current Liabilities 7,363 13,599 Long-Term Liabilities: Capital lease obligation 6,969 Fund Equity: Contributions: City 19,477 19,477 Retained earnings: Unreserved 36.003 22.212 Total Fund-Equity 55,480 41,689 Total Liabilities and Fund Equity $62,843 $62,257 0 CITY OF RICHFIELD, MINNESOTA FORM L-14 CENTRAL SERVICES FUND COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS For the Years Ended December 31, 1987 and 1986 1987 1986 Operating Revenues: Charges for services: Printing services $ 21,482 $ 23,572 Labor services 5,441 8,177 Office services: Office supplies 25,826 22,182 Copying services 43,296 47,232 Postage services 35,225 38,940 Total Operating Revenues 131,270 140,103 Operating Expenses: Cost of materials: Inventory - January 1 11,875 12,633 Purchases: Office supplies 28,610 21,052 Copying services 6,178 5,303 Postage services 31,220 35,003 Total Materials Available for Resale 77,883 73,991 Less: Inventory - December 31 13,783 11,875 Total Cost of Materials 64,100 62,116 Other Operating Expenses: Salaries 25,557 25,584 Retirement contributions 2,820 2,724 Health and life insurance contributions 1,925 1,831 Rents and leases 11,215 4,384 Insurance and bonds 901 1,100 Contractual maintenance and repairs 497 2,835 General.expenses 1,779 1,870 Supplies 1,880 1,749 Depreciation 9,633 12,163 Total Other Operating Expenses 56,207 54,240 Total Operating Expenses 120,307 116,356 Operating Income 10,963 23,747 Nonoperating Revenues (Expenses): Interest 1,724 Storm disaster aid 2,136 Gain on sale of assets 832 Interest (716) (1,386) Total Nonoperating Revenues (Expenses) 3,976 (1,386) Income Before Operating Transfer 14,939 22,361 Operating Transfer (Out): Self Insurance Fund (1,148) (699) Net Income 13,791 21,662 Retained Earnings - January 1 22,212 550 Retained Earnings - December 31 $ 36,003 $ 22,212 .?1/-l-I CITY OF RICHFIELD, MINNESOTA FORM L-15 CENTRAL SERVICES FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION For the Years Ended December 31, 1987 and 1986 1987 1986 Sources of Working Capital: Operations: Net income $13,791 $21,662 Item not requiring working capital: Depreciation 9,633 12,163 Working Capital Provided by Operation 23,424 33,825 Increase in long-term liabilities 6,969 Deposition of equipment 10,183 Total Sources of Working Capital 33,607 40,794 Uses of Working Capital: Acquisition of property and equipment 4,065 20,395 Decrease in long-term liabilities 6,969 Total Uses of Working Capital 11,034 20,395 Net Increase in Working Capital $222573 $20,399 Elements of Net Increase (Decrease) in Working Capital: Cash and investments $14,668 $26,328 Accounts receivable (402) 369 Due from other funds (1,083) 1,113 Due from other governments 1,246 Inventory 1,908 (758) Accounts payable (18) 1,847 Accrued salaries and employee benefits payable (987) (1,259) Capital lease obligation 7,241 (7,241) Net Increase in Working Capital $22,573 $20,399 0 //--i?6 r"1 U w CITY OF RICHFIELD, MINNESOTA FORM L-16 SELF INSURANCE FUND COMPARATIVE BALANCE SHEET December 31, 1987 and 1986 ASSETS 1987 1986 Current Assets: Cash and temporary cash investments $907,486 $769,776 Accounts receivable 3,872 4,859 Total Current Assets $9112358 $774,635 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts and benefits payable $567,886 $529,391 Due to other governments: State of Minnesota 456 1,524 City of St. Louis Park 1,000 Total Current Liabilities 568,342 531,915 Fund Equity: Retained earnings: 016 343 720 242 Unreserved , , Total Retained Earnings and Fund Equity 343,016 242,720 Total Liabilities and Fund Equity $911,358 $7742635 *// JY CITY OF RICHFIELD, MINNESOTA FORM L-17 • SELF INSURANCE FUND COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS For the Years Ended December 31, 1987 and 1986 1987 1986 Operating Revenues: Charges for services: Employees' contribution $ 14,022 $ 11,661 South Hennepin Human Service Council 1,330 1,391 Total Operating Revenues 15,352 13,052 Operating Expenses: Expert and professional services 15,238 32,573 Employee benefits, workers'compensation, and other claims 274,987 677,424 Insurance and bonds 25,874 36,287 Total Operating Expenses 316,099 746,284 Total Operating Loss (300,747) (733,232) Nonoperating Revenues: Interest 55,329 58,213 • Claims and refunds 51,515 Total Nonoperating Revenues 106,844 58,213 Loss Before Operating Transfers (193,903) (675,019) Operating Transfers In: General Fund 202,020 154,704 Liquor Fund 22,881 21,376 Water Utility Fund 22,644 16,422 Sewer Utility Fund 10,766 10,622 Golf Course Fund 11,906 8,453 Storm Sewer Utility Fund 400 210 Central Garage Equipment Fund 20,890 11,209 Data Processing Fund 1,544 1,007 Central Services Fund 1,148 699 Total Operating Transfers 294,199 224,702 Net Income (Loss) 100,296 (450,317) Retained Earnings - January 1 242,720 693,037 Retained Earnings - December 31 $343,016 $ 242,720 0' CITY OF RICHFIELD, MINNESOTA FORM L-18 SELF INSURANCE FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION For the Years Ended December 31, 1987 and 1986 1987 1986 Sources of Working Capital: Operations: Net income (loss) $100,296 $(450,317) Net Increase (Decrease) in Working Capital 1002296 $(450,317) Elements of Net Increase (Decrease) in Working Capital: Cash and investments 137,710 $ 53,048 Accounts receivable (987) 2,339 Accounts and benefits payable (38,495) (523,919) Due to other governments 2,068 16,715 Deposit 1,500 Net Increase (Decrease) in Working Capital $100,296 $(450,317) • 0 CITY OF RICHFIELD, MINNESOTA • Council Letter No. 99 Agenda April 11, 1988 Issue Statement: Award of Contract for the 1988 Sealcoating Project. Background: In 1979, the City of Richfield began a phased project of roadway improvement by sealcoating all of the city's bituminous streets. A thin coat of emulsified oil is applied, then covered with rock. This process rejuvenates the surface of the street, and prevents it from deteriorating. This is the ninth year of a Council- directed ten year program. The 1987 project area was slightly smaller than the 1988 project area. Allied Blacktop was the successful bidder for the 1987 project with a bid price of $65,263.70. On March 24, 1988 bids were opened from four contractors for the 1988 Sealcoating Project: Bituminous Roadways, Inc. • Allied Blacktop Astech D. A. Davis $69,590.72 $73,310.92 $78,730.10 $96,954.80 A copy of the bid minutes and tabulation is attached for City Council review. Recommended Motion: Award a contract to Bituminous Roadways, Inc. in the estimated sum of $69,590.72 for the 1988 sealcoating project. Basis of Recommendation: 1. Bituminous Roadways, Inc. is the lowest responsible bidder. 2. The 1988 Street Division operating budget contains $95,000 for this project. The project includes staff time for crack repairs and sweeping. Contractors bid on estimated quantities, and costs will be monitored. Alternative Recommendation: The City Council may choose to reject all bids and direct staff to obtain new bids. However, the four bidders include the top contractors in this field and the prices for the work are unlikely to be lowered enough to justify the cost of the rebidding process. • Discussion/Decision Mode: Staff would like to schedule the work as soon as possible. The bidding documents specify that the bidders may withdraw their proposals after 60 days of the bid opening. The 60 days will be up May 24, 1988. Res e fully submitted, Jam s D. Prosser City Manager JDP/eja 0 a Q z 0 Q U O 16-1 Q O U J Q W U) m 0 vl sz Ns1oNV1s v17 xz 1' I x VIOx 4161 M0113AQWn BAY bVO30 4401 4111 41 $1 WLONINOGN 41 YI 14191 41 xl 41 11 41 01 lolll3 MOW snann io- XNVa ONVI)IVC JAY ONVIIN(k 416 411 NO1NIl: O+f OY1 SN3A311 1s 'BAY 13110311 1130SIV11 N1aOM1NSN Aanami, 1NVSV3I ONVNC 131adwH 01313bvc 'BAY 31VONAl H31401V 1NVAaa %V310o 1NOdn0 Nosa3N7 Lworlau Oa4'alo 1a10ewnN ONIAaI s3wrr XONX NVOOI NVOaON NO1M3N b3AIl0 BAY NN3d "33n0 ll3SSna NVOIa3NS SVr10NL NOIdo 1N33NIA Nan6NSVM BAY 63Xa3X ?N IN Y E Ql 2 g u z A} ? LL W z O?0 auz d w QC z z w MO11330NO1 - 'BAY aV033 41 91 4l ll, 4401 .. . NOlONI VA0016 . . 101113. o0vol"O - snewmW Navd ONVINVO - 3AV ONrllaOd 4#6 - 416 NOLN1l3 PA V, .. Pox SN3A31S U1 'BAY 1311031N 1130s1V16 W N1a0M1N3M Aane6llid ?. 1NYMId ONVaO 4316a VN O1313aV11 V 'BAY 31WOMAI N31a01V - 1NVA" XV-4103 Q LNOdno ,J NOsa3N3 1110 3 N ed 041vulo- 1010ewpN - ONIAaI - s3wVr .. NVOOI - Nroaon NO1M3N a3A110 _ 'BAY NN34 N33n0 ll3SSna NVOIb3NS - - SVNONl - NO.LdA 1N33NIA Nanamsm BAY S3Xa3X N o n ?1 p N. u 'a . N 70 r N $ h w N N N ^ r :fir o w r. 711 8 n ° w b w ill A Y/ .° N d1 ° CITY OF RICHFIELD ? 0 Bid Opening March 24, 1988 11:00 A.M. 1988 Sealcoating Bid No. 88-4 Pursuant to requirements of Resolution No. 1015, a meeting of the Administrative Staff was called,by Steven Devich, Acting City ,Clerk, who announced that the purpose of the meeting was to receive, open and read aloud, bids for 1988 sealcoating, bid no. 88-4, as advertised in the official newspaper on March 9, 1988. Present: Steven Devich, Acting City Clerk Eileen Anderson, City Manager Representative Art Bailey, Senior Engineering Technician Bruce Palmborg, Housing & Redevelopment Coordinator The following bids were submitted and read aloud: I VENDOR I BID I TOTAL I I I SECURITY I I I I I D.A.Davis Co. I 5% Bond I $96,954.00 I I Sioux City, Nebraska I ? I i I I I I I I Bituminous Roadways, Inc. I I 5% Bond I I $69,590.72 I Minneapolis I I I I I Allied Blacktop, Inc. I I 5% Bond I I ( $73,310.91 I I Maple Grove I l I I I I I I Astech Corp. I I 5% Bond I I $78,730.10 I I St. Cloud, MN I I I I I I I The City Clerk announced that a bids would be tabulated and considered at the April 11, 19 ity Coun '1 Me ing. ev n Devich Ac ng City Cler C? CITY OF RICHFIELD, MINNESOTA • Council Letter No. 98 Agenda, April 119 1988 Issue Statement: A Resolution providing for the issuance and sale of $1,900,000 in General Obligation Redevelopment Bonds, Series 1988 A. Background: In December of 1985, the City of Richfield issued and sold a $18,675,000 General Obligation Temporary Redevelopment Bond, Series 1985. These bonds were sold to provide funds to temporarily finance public redevelopment costs incurred in the City's Interstate Lyndale Nicollet (ILN) redevelopment project area, a tax increment financing district under Minnesota Statute. The term of the temporary $18,675,000 bond issue is three years. Thus, the bonds would mature on December 1, 1988. However, the bonds are callable at each six-month interval during the three- year term. The nearest call date for the bonds is June 1, 1988. It is the recommendation of the Ci temporary General Obligation Bonds that the funding necessary for the project costs, the discount on the acquisition and other improvements • sale. This sale is recommended to refunding the temporary issue. ty staff that the entire be called on June 1, 1988 and Hampton Inn Development temporary bonds, land be funded by a permanent bond take place in conjunction with The City is authorized by Minnesota Statute to issue and sell long term bonds to permanently finance costs in the ILN project area, as identified by the Redevelopment Plan for the area. Pursuant to that authority, City staff recommends that the city issue $1,900,000 General Obligation Redevelopment Bonds to cover the following identified as needing a permanent funding source: Hampton Inn Development Project Costs - $ 681,000 Discount cost on Temporary Bonds - $ 168,000 Land Acquisition - $1,000,000 Cost of Issuance - $ 32,000 Discount - $ 19,000 TOTAL $1,900,000 The term of this proposed $1,900,000 bond sale would be ten years. The $681,000 represents the total cost of city/public improvements and land acquisition associated with the Hampton Inn project. Thus, it is necessary to recoup these costs for the city through a permanent bond process. Similarly, the $168,000 discount, which was associated with the $18,675,000 temporary bond sale, is also a cost that the city must seek to recoup through issuance of a permanent bond sale. The $1,000,000 included in the proposed bond sale would provide funding for land • acquisition, public improvements, demolition, rehabilitation and renovation of areas included in the ILN project area, in accordance with the approved plan for the area. In order to ensure that the city be in a position to act, to assist or initiate further development in the ILN area, it is essential that the city have available the $1,000,000 to provide funding for such purposes. When opportunities present themselves in the ILN area, it will be necessary that the city be in the proper position to react. It is also critical that properties now in the district remain in the district so that the city may continue to make payments based on the full ILN project area. In order to retain properties in the district, some improvements in the entire ILN area will be necessary. Thus, for that purpose also, it is essential that the city have available funds to make necessary public improvements in the course of the redevelopment plan. Finally, it should also be noted that a pre-sale analysis on the proposed bond sale will be presented at this evening's Council Meeting by representatives from Evensen Dodge, the city's bond consultant. A review of the amortization schedule associated with the proposed bonds indicates that the annual debt service of the $1,900,000 bonds would be well within the city's annual tax increment revenue from the ILN district as it is now constructed. That means that even without appreciation of property or additional development in the ILN, the tax increment portion of the taxes in the project area would be sufficient to cover annual bond amortization payments. Recommended Motion: Adopt the attached Resolution approving the issuance and sale of $1,900,000 General Obligation Redevelopment Bonds, Series 1988 A. Basis of Recommendation: 1. The city's 18,675,000 temporary redevelopment bonds are subject to redemption and prepayment on June 1, 1988. It has been recommended by the City Attorney that the bonds be redeemed at that time. 2. The city has incurred expenses associated with the development of the Hampton Inn project and discount costs on the temporary bond sale, which needs to be addressed through permanent financing. 3. With the redemption of the temporary bond sale, there is a need for the $1,000,000 to provide for additional land acquisition and redevelopment pursuant to the approved plan for the ILN project area. 0 0 4. According to calculations executed by the city's consultant, Evensen Dodge, it appears that the annual amortization of the ten-year bond payments would fit comfortably within the increment generated by the ILN project area. Alternative Recommendation: 1. The City Council could elect to not approve the issuance of $1,900,000 permanent bonds. However, that would leave the city with a problem of finding funding for the $681,000 Hampton Inn improvements and to pay for discount and issuance costs of the previous temporary bond sale. Such funds are not available to the city without significantly decreasing fund balances. 2. The City Council could authorize a bond sale of a differing issuance size. However, it is the staff's recommendation that the $1,900,000 level of funding be approved. Decision/Discussion Mode: In order for the city to sell the permanent bonds in time to make the redemption and prepayment of the current temporary General Obligation Bonds on June 1, 1988, it is necessary for the City Council to approve authorization of the bond sale at the April 11, 1988 City Council meeting. This allows just enough time to comply with publication requirements and consummate the bond sale and receive the proceeds in time for the general redemption. James D. Prosser City Manager JDP/sae Respectf ly submitted, -At ? ?_r "r • Extract of Minutes of Meeting of the City Council of the City of Richfield Hennepin County, Minnesota Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Richfield, Hennepin County, Minnesota, was duly held in the City Hall in the City on Monday, April 11, 1988, commencing at 7:00 o'clock P.M. The following members were present: and the following were absent: • The following resolution was presented by Councilmember who moved its adoption, the reading of which was dispensed with by unani- mous consent: RESOLUTION NO. RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $1,900,000 GENERAL OBLIGATION REDEVELOPMENT BONDS, SERIES 1988A BE IT RESOLVED By the City Council of the City of Richfield, Hennepin County, Minnesota, (City) as follows: 1. It is hereby determined: (a) The City has issued and sold its $18,675,000 General Obliga- tion Temporary Redevelopment Bonds, Series 1985 (Temporary • Bonds) to provide funds to temporarily finance public redevelopment costs (Costs) incurred or to be incurred in *9y • the City's Interstate-Lyndale-Nicollet Redevelopment Project Area (Project Area). The Project Area is a Tax Increment Financing District within the meaning of Minnesota Statutes, Chapter 469 (Act). (b) The City is authorized by Section 469.178 of the Act to issue and sell its long-term bonds to permanently finance Costs in the Project Area as identified in the redevelopment plan (Plan) for the Project Area. (c) The Housing and Redevelopment Authority of the City (Author- ity) has identified the following Costs to be permanently financed: Hampton Inn Development Project Costs $ 681,000 Discount on Temporary Bonds 168,000 Land Acquisition 1,000,000 Costs of Issuance 32,000 Discount 19,000 TOTAL $1,900,000 (d) The Authority has requested the City to issue and sell long term bonds to finance all or a portion of the Costs. (e) The Tax Increment Agreement between the Authority and the City, dated December 2, 1985, and filed with the Director of Property Taxation of Hennepin County is ratified and con- firmed. (f) That it is necessary and expedient to the sound financial management of the affairs of the City to issue $1,900,000 General Obligation Redevelopment Bonds, Series 1988A (Bonds) to provide financing for the Redevelopment Costs. • (g) The Temporary Bonds are subject to redemption and prepayment on June 1, 1988. 2. In order to provide financing for the Costs, the City shall therefore issue and sell Bonds in the amount of $1,881,000. In order to provide in part the additional interest required to market the Bonds at this time, additional Bonds shall be issued in the amount of $19,000. Any excess of the purchase price of the Bonds over the sum of.$1,881,000 shall be credited to the debt service fund for the Bonds for the purpose of paying interest first coming due on such additional Bonds. The Bonds shall be issued and sold in accordance with the terms of the following Official Notice of Sale: 0 • OFFICIAL NOTICE OF SALE $1,900,000 GENERAL OBLIGATION REDEVELOPMENT BONDS, SERIES 1988A CITY OF RICHFIELD HENNEPIN COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN that sealed bids for the purchase of the above captioned bonds will be received until 1:00 p.m. C.T. on Monday, April 25, 1988, in the office of the City Manager at City Hall, 6700 Portland Avenue South, Richfield, Minnesota 55423, at which time the bids will be opened and tabulated for consideration by the City Council at a regular meeting at 7:00 p.m. C.T. on the same day. The bonds are offered on the following terms. Purpose and Security The purpose of the bonds is to provide funds for the permanent financing of public redevelopment costs in a redevelopment project area in the City. The bonds will be general obligations to the City, for which its full faith, credit and taxing powers are pledged together with tax incre- ments from the project area. Date and Maturities The bonds will be issued in fully registered form, will be dated May 1, 1988, will be in integral multiples of $5,000 each and will mature on February 1 in the following years and amounts: Year Amount Year Amount 1989 $150,000 1994 $200,000 1990 150,000 1995 200,000 - 1991 150,000 1996 225,000 1992 175,000 1997 225,000 1993 175,000 1998 250,000 Redemption The City may elect on February 1, 1996, or on any interest payment date thereafter to redeem and prepay bonds of this issue in whole or in part, in inverse order of maturities and by lot within maturities, maturing on or after February 1, 1997, at a price of par plus accrued interest to date of redemption. Interest Interest on the bonds will be payable on February 1, 1989, and semiannually thereafter on each August 1 and February 1. All bonds matur- ing on the same date must bear interest from date of issue until paid at a single, uniform rate, and no rate for any maturity may exceed the rate specified for any subsequent maturity by more than one percent. Each rate must be in an integral multiple of 1/20 or 1/8 of 1%, and no rate of interest nor the net effective average rate of the issue may exceed the maximum rate of interest permitted by law on the day of sale. 0 Paying Agent The City will name the Registrar which shall be subject to applicable SEC regulations. Principal will be payable at the principal office of the Registrar and interest will be payable by check or draft of the Registrar mailed to the registered holder of a bond. The City will pay the reasonable and customary charges for the services of the Registrar. CUSIP Numbers The City will assume no obligation for the assignment or printing of CUSIP numbers on the bonds or for the correctness of any numbers printed thereon, but will permit such numbers to be assigned and printed at the expense of the purchaser, if the purchaser waives any extension of the time of delivery caused thereby. Delivery Within 30 days after sale, the City will furnish and deliver to the office of the purchaser or, at its option, will deposit with a bank in the United States selected by it and approved by the City as its agent to permit examination by and to deliver to the purchaser, the printed and executed bonds, the unqualified opinion thereon of bond counsel, and a certificate stating that no litigation in any manner questioning their validity is then threatened or pending. The charge of the delivery agent must be paid by the purchaser, but all other costs will be paid by the City. The purchase price must be paid upon delivery of the bonds in funds available for expenditure by the City on the day of payment. Legal Opinion An unqualified legal opinion on the bonds will be furnished by LeFevere, Lefler, Kennedy, O'Brien & Drawz, a Professional Association, Minneapolis, Minnesota. The legal opinion will be printed on the bonds at the request of the purchaser. The legal opinion will state that the bonds are valid and binding general obligations of the City and that the City is obligated and required to levy taxes for the principal and interest thereon as the same become due without limit as to rate or amount. Type of Bid - Amount Sealed bids must be mailed or delivered to the undersigned and must be received prior to the time established above for the opening of bids. Each bid must be unconditional. A good faith deposit in the amount of $42,900 must be submitted with each bid prior to or immediately following bid opening. The good faith deposit must be in the form of a certified or cashier's check or bank draft payable to the City Finance Director or a wire transfer of funds to the City's designated depository. Wiring in- structions will be furnished on the day of sale prior to the time of award and sale. The good faith deposit will be deducted from the purchase price of the bonds at delivery. The good faith deposit will be retained by the is City as liquidated damages if the bid is accepted and the bidder fails to comply therewith. The bid authorizing the lowest net interest cost (total interest from date of Bonds to stated maturities less any c::.ah premium or • plus any amount less than $1,900,000) will be deemed the most favorable. No oral bid and no bid of less than $1,881,000 plus accrued interest on all of the Bonds will be considered and the City reserves the right to reject any and all bids and to waive any informality in any bid. BY ORDER OF THE CITY COUNCIL /s/ Thomas Ferber City Clerk Dated: April 12, 1988. • 0 3. The City Clerk is authorized and directed to advertise the Bonds for sale in accordance with the foregoing Official Notice of Sale and to cause the abbreviated notice of sale attached hereto as Exhibit A, to be published in the manner required by law. The City Council shall meet at 7:00 p.m. on Monday, April 25, 1988, to consider bids on the Bonds and take any other appropriate action. 4. The City Clerk is authorized and directed to take appropriate action in consultation with bond counsel to call the Temporary Bonds for redemption and prepayment on June 1, 1988. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember and upon vote being taken thereon, the following voted in favor of the motion: and the following voted against: Whereupon said resolution was declared duly passed and adopted. • n t? y_ 9 L STATE OF MINNESOTA ) COUNTY OF HENNEPIN ) ss. CITY RICHFIELD ) I, the undersigned, being the duly qualified and acting City Clerk of the City of Richfield, Minnesota, do hereby certify that I have carefully compared the attached and foregoing extract of minutes of a regular meeting of the City Council of said City held on Monday, April 11, 1988 „ with the original thereof on file in my office and the same is a full, true and correct copy thereof, insofar as the same relates to the issuance and sale of $1,900,000 General Obligation Redevelopment Bonds, Series 1988A. WITNESS My hand as such City Clerk and the corporate seal of the City 0 this day of , 1988. City Clerk City of Richfield, Minnesota _ (SEAL) R4:00550488.RAU • NOTICE OF BOND SALE EXHIBIT A $1,900,000 GENERAL OBLIGATION REDEVELOPMENT BONDS, SERIES 1988A CITY OF'RICHFIELD HENNEPIN COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN that sealed bids for the purchase of the above captioned bonds will be received until 1:00 p.m., C.T. on Monday, April 25, 1988, in the office of the City Manager at City Hall, 6700 Portland Avenue South, Richfield, Minnesota 55423, at which time the bids will be opened and tabulated for consideration by the city council at a regular meeting at 7:00 p.m., C.T. on the same day. The Bonds are offered on the following terms. The Bonds will be dated May 1, 1988, will bear interest payable semiannually on each February 1 and August 1, commencing February 1, 1988, and will mature on February 1 in the years and amounts as follows: Year Amount Year Amount 1989 $150,000 1994 $200,000 1990 150,000 1995 200,000 1991 150,000 1996 225,000 1992 175,000 1997 225,000 1993 175,000 1998 250,000 The City may elect on February 1, 1996 or on any interest payment date thereafter to redeem and prepay bonds of this issue in whole or in part, in inverse order of maturities and by lot within maturities, maturing on or after February 1, 1997 at a price of par plus accrued interest to date of redemption. No rate of interest nor the net effective interest rate of the issue may exceed the maximum rate permitted by law. Bidders must specify a price of not less than $1,881,000 plus accrued interest. A legal opinion on the Bonds will be furnished by LeFevere, Lefler, Kennedy, O'Brien & Drawz, a Professional Association, Minneapolis, Minnesota. The proceeds of the bonds will be used to permanently finance public redevelopment costs related to a redevelopment project area in the City. Bidders should be aware that the Official Statement to be distributed for the bonds may contain additional bidding terms and information relative to the bonds. In the event of a variance between statements in this Notice of Bond Sale and the Official Statement the provisions of the latter shall be those with which to comply. BY ORDER OF THE CITY COUNCIL /s/ Thomas Ferber City Clerk Dated: April 12, 1988. R4:00550488.RAU CITY OF RICHFIELD, MINNESOTA, Council Letter No. 97 Agenda April 11, 1988 Issue Statement: Public hearing on a conditional use permit for a car rental business at 6405 Cedar Avenue. Background: Southdale Manor, Inc., property owner, and Mr. Eugene Jankowski, manager of the Ugly Duckling Inc. have requested the city to grant a conditional use permit to allow the operation of an automobile rental business at 6405 Cedar Avenue. Mr. Jankowski previously operated his rental car business with a conditional use permit, at 6333 Cedar Avenue. The property is located in a General Industrial I district which, allows, under a conditional use permit, an auto rental business. The existing structure meets all the setback requirements except the rear yard setback which is 14 feet. It came to the attention of the city staff in December of 1987 that the Ugly Duckling Rent-A-Car business had been moved and was being operated at 6405 Cedar Avenue without the required conditional use permit. City staff has been unsuccessful in attempts to close the operation until the necessary permits were obtained. Notice of noncompliance procedure was initiated on December 29, 1987. On January 22, 1988, Mr. Jankowski was given five days to initiate compliance action. Nothing was accomplished and on February 5, 1988 a five-day notice to discontinue operations was sent. A conditional use permit was applied for on February 29, 1988; however, petitioner is currently operating without the necessary permit. Attached are the copies of correspondence regarding the subject site. Recommended Motion: Deny the conditional use permit for the Ugly Duckling Rent-A-Car business at 6405 Cedar Avenue. Basis of Recommendation: Following the Planning Commission meeting the applicant submitted a revised site plan. Staff has reviewed the plan and found the following as basis of recommendation: 1. The Planning Commission at their regular meeting on March 22, 16 1988 recommended unanimously (7 to 0) to deny the conditional use permit for the Ugly Duckling Rent-A-Car at 6405 Cedar Avenue. 2. The parking space distribution for the site is as follows: Required Need Max. Available a. Existing Retail Use Color Time (2,566 sq. ft.) 13 3 3 b. Rent-A-Car Office Use 1 1 1 Storage Use (224 sq. ft.) 30 30 25 Total 44 34 29 The analysis is based on the applicants assertion that the operation maintains a fleet of 30 cars. 3. The site plan indicates that the existing three curb cuts are only 24 feet wide. The required minimum curb cut width in an industrial district is 26 feet. The applicant does not propose to bring the curb cut width into conformance with the city requirement. 4. The city ordinance requires that the offstreet parking areas be striped and have adequate site drainage. These issues have not been dealt with by the petitioner. No drainage plan has been submitted. 5. Sufficient screening and buffering has not been provided on the site. The applicant does not propose to do any . substantial improvements on the site to soften the appearance of the parking area. The outside storage of cars in the parking area without adequate screening is very unsightly and is not consistent with city ordinance requirements for parking areas. The applicant has proposed a wooden fence at the southeast quadrant of the site. It is staff's opinion that the outside storage of cars would require additional landscaping on 64th Street around the parking area in order to make the site aesthetically pleasing. 6. The existing signs are in violation of the city ordinance. The signs indicate auto-repair service in addition to the rent-a-car business. The applicant has not submitted a request for an auto-repair business. 7. The Comprehensive Development Plan indicates that the site be developed for mixed land use. The existing commercial/office use including the car rental business is consistent with the city's Comprehensive Development Plan. Alternative Recommendation: The City Council may wish to approve the conditional use permit for the Tent-a-car business (Ugly Duckling Rent-A-Car) at 6405 Cedar Avenue with the following stipulations: 1. The operation be closed until the City Council takes action on the proposal. 2. The building and fire code be met. 3. The offstreet parking area be improved according to the city ordinances. 4. The drainage plan be submitted for approval by the City Engineer. 5. The offstreet parking area be landscaped and screened sufficiently. A detailed landscape plan with names of species, types and locations be submitted for staff approval. 6. The signs meet city sign regulations. 7. The repairable (poor condition) cars may not be stored on the site for more than 48 hours. 8.. All the stipulations be met prior to the occupancy permit. Decision Mode: This item is scheduled for the City Council meeting of April 11, 1988. Notice of the hearing was mailed to property owners within 350 feet of the site. A legal notice was also published in the Richfield Sun Current. Respectfully submitted, C?? James D. Prosser City Manager • ; N - O ' ; m P U v XERXES AVE -=-. - - _unc?-= .__?_-r•'^,? _ _?_ WASNBURN VINCENT I^ ?•--l•-I =._ - -. `- ? ?.- '- --- UPTON 1`_._?L__ - .. _?.-1 ?... ?.1??f .•_ - THOMAS SHERIDAN "I r1> -- RUSSELL QUEEN DINNER- NEWTON MORGAN,?.J LOGAN? KNOx JAMES IRVING HUMBOLDT 1? v -??r--- _LAK€' - •?L.J ?? ?L_J? GIRARD I I/(.? J?• !,. `???' FREMcw EMERSON DUPONT COLFAX BRYANT ALORiCH IYNOALE AVE. 6ARilELD HARRIET GRAND I ?? W PLEASANT 19TH AVE S PILLSBURY 1 r, 1 I WENTWOfTH BLAISDELL \ i I I I i? 1 ?a N ICOLLET AVE. I i I -- IM 1 / STEVENS CEDAR AVE S 2 M ? SN Q a '~ FFTM 1 m ( ` T lHroN S to PORTLAND AVE. OAKLAND krr rf;I LONGFELLOW AVE S '` ^• UUL. FI j PARK dpi I- ' .•.: SS L COLUMBUS I' I '•':'. }+.; r CHICAGO ?` I IL .J ••• ELLIOT rIl I? "' {i z 12 to 13 to . NJ MINGTON I 1 •:{•• O is to CEDAR AVE. ' _ _ -- _ --' -- -- ---- LONOFEILOW b• V P M `. Y N J ?, JCJ of T y C ]? ??C- ] Z;v ? now 2 0 i s 19 s Ys1 yst _ H N N N y A 0 N q N N = XERXES AVE. - WASNBURN VINCENT "TOR d ?j THOMAS SHERIDAN RUSSELL OUEEN C? PENN AVE. OLIVER ;NEWTON MORGAN LOGAN ::Ox JAMES ^ki IRVING J C HUMBOLDT II I? GIRARD t FWASONT EMERSON I DUPONT It COLFAX BRYANT lll? •LORICN LYNDALE AVE. I I;I GARFIELD I HARRIET GRAND I PLEASANT 11I PILLSBURY II lil WENTWORTH I BLAISDELL I NICOLLET AVE. lot STEVENS and SH CLINTON of 1N SIN PORTLAND AVE. OAKLAND PARK COLUMBUS II CHICAGO ELLIOT I) 10 to O?? tl 1N 1 (21N ISIN 14tH IS to BLOOMINGTON Is to IT/N _ , IB 1A CEDAR AVE. L LONGFELLOW IttN 20 tN 21 Nt 22 P. STANDISH 23 N N ?M M r O 0 O Z Os vt n rn v rn rr? R A l2s#4 . Y:5' 4/ GATE C • e 51 4 9 dft i h ;4 i ` 3 fi ? ? _ * # !? ? 'Y lam- J V ? ? N d• Yg+ RECOMMENDED • r 6405 CEDAR AVE S. CEDAR AVE S 103.8 W H N I-- tC TREE FENCE SHRUBS 4N S 3AV 1S1Z rn r+ Ililllllil .•.: I I I l ? 1 ( 1,1,1,1,1, ;, ;• m I ? i I I I III 1 • _ ._ i..1 ?.._? L_: . ,I?I?I i t I 1 ? I ; l 1',1,',111 S 3AY ONZZ J 10 10 -0 I .III ? 1• S 3Ad HS ?'Jt?d 1S II S 3Ae oa?.Z 10 Al -- ( I I I I ?- i I I1 LL ill v v r r rO rn D r wr" I 1 I •:: tltttlt •. flit ... r4 m m I'm IT! m A A rn rn N ?? U J D 0 Q Ll. z U Im 1 Q ,a W iIII? J a U CC W z W X O U W a Q o N O MEN O ? I 1 ? I I 1 T t -,-TT- W 23RD i 1 I I al i STANDISH it { 22ND ?-? L , 2 t ? 21ST AVE S W r AVE S 1 i AVE S N AVE s S tD AVE s I I AVE s I I I? I I I I I I I I I I ! ? I I S 20 TH 19 TH AVE s S and H191 I /S and H1L1 W U Q S J L 7 J J Q Z 0 M I~•- Z Z w CL 0 .0 Z Q Y a t? gi w LL m J ?Z w n ° z .U 1 J W 2 W Cf) M Z c x_ El El i W LID -V ST AIIG i SH AVE S i i+ l l! II - oil] t 1 _ I_ ) 1? I I I a? 22ND AVE S 1 ' ' I I 1 _ T"I l,t I • A ? ,. Nil W ) 2157 1.- AVE S I ' t I' I N'f fil S 20TH AVE S I ? i I I I. I 'illt 19TH AVE S f + ( I i I AVE S 13 ?¦ on y- 0 ?F+ ,V • M CM Ln L0 aw O ¦ ¦ L O a O March 7, 1988 Mr. Eugene Jankowski Ugly Duckling Rent-A-Car 6405 Cedar Avenue South Richfield, MN 55423 Re: Your letter of March 1st, 1988 which I received on March 2nd, 1988. Dear Mr. Jankowski, I am not authorized to give you any temporary permits to operate your business prior to council approval. The sign must be removed and the operation must cease forthwith. Yours truly, Sivert Hendrickson Building Official SH/lkt cc: ". T. Kazi telephone: 869-7521 (612) an equal opportunity employer A e1 PPE6nj UGLY-DUCKLING RENT-A-CAR Inc. of Minneapolis & St. Paul UGLY DUCKLING Rent-A-Car 6405 Cedar Ave. S., Mpis., MN 55423 (612) 861-7545 February 1, 1988 Mr. Towhid Kazi City of Richfield 6700 Portland Avenue Richfield, MN 55423 Dear Mr. Kazi This letter is in reply to your letter of January 22, 1988 regarding Ugly Duckling Rent-A-Car not obtaining an off-street parking permit. We have already applied for a permit to operate an autcmobile rental business with off-street parking. Also, we will have the necessary drawings that you requested by February 5, 1988. Furthermore, it is our full intent to caply with the City of Richfield as soon as we can. Should you have.any questions regarding this letter, please contact me at 861-7545. f W/dgj r • February 8, 1988 M M N 'Ct' LA LA 0 4) c OC U E L 3 C d O ? C t0 L 0 U o • Mr. Eugene Jankowski, Manager Ugly-Duckling Rent-A-Car, Inc. 6405 Cedar Avenue South Richfield, MN 55423 Dear Mr. Jankowski: This letter is in response to your letter dated 2/1/88 regarding your non-compliance with the City of Richfield Zoning Code. Your application for Conditional Use Permit is not complete, therefore, is unacceptable. You must also note that you have missed a number of application deadlines for Conditional Use Permit. Should you decide to operate your business at the above mentioned location, a Conditional Use Permit - must be obtained prior to such operation. March 22nd would be the earliest Planning Commission meeting this item could be placed on if a completed application is received by February 29, 1988. Should you have any questions, call me at 869-7521, extension 512. Sincerely, To ?]id ?KaActing City Planner cc: Byron Wallace Sivert Hendrickson TK/dkh telephone: 869-7521 (612) an equal opportunity employer ??zl N L U W L 411111111111 0 U • M Wt ¦ L February 5, 1988 Mr. Eugene Jankowski Ugly Duckling Car Rental 6401-05 Cedar Avenue South Richfield, MN 55423 NOTICE OF NON-COMPLIANCE Dear Mr. Jankowski, On December 29, 1987, I sent you a letter indicating your need for a Conditional Use Permit to operate an automobile rental business at the above address. You were advised to discontinue the use and remove the illegal signs. This has not been done as of this date. If the signs have not been removed and the illegal use discontinued within five (5) days of receipt of this Notice of Non-Compliance, citations will be issued. If you have any questions regarding this notice, please contact me at 866-5061, X 370. Yours truly, Sivert Hendrickson Building Official SH/lkt cc: Towhid telephone: 869-7521 (612) an equal opportunity employer !V tf' N tf f+ O N c U E L ? C d ea 0 ? c ea O a •? O O ti • January 22, 1988 Mr. Eugene Jankowski, Manager Ugly Duckling Car Rental 6405 Cedar Avenue South Richfield, MN 55423 Dear Mr. Jankowski, This letter is a follow-up of our conversation on January 14, 1988 regarding the Notice of Non- Compliance with Richfield City Code, (dated December 29, 1987 from Sivert Hendrickson), which requires that you obtain a conditional use permit with an off-street parking permit prior to operating an automobile rental business on given premises. You have indicated that a conditional use permit would be submitted before January 22nd, which was the deadline for the Planning Commission meeting on February 16, 1988. The next Planning Commission meeting is scheduled for March 22nd and the deadline for application is February 29th. However, in order to avoid any citation for Non-Compliance of the City Code, you are asked to submit a letter of intent regarding compliance within a reasonable time frame by January 27, 1988. The city will then take appropriate action on the subject. Should you have any questions regarding the contents of this letter, please contact me at 869-7521, extension 512. Thank you. Sincerely, Towhid Kazi Acting City Planner cc: Sivert Hendrickson TK/dkh telephone: 669-7521 (612) an equal opportunity employer N LO 0 0 ? U E . 0 14m > cc 0 cc L • December 29, 1987 Manager Ugly Duckling Car Rental 6401 Cedar Avenue South Richfield, MN 55423 Dear Manager, This letter is a Notice of Non-Compliance with Richfield City Code which requires a special use permit prior to operating an automobile rental business on given premises. Although you.had a special use permit to operate at 6333 Cedar Avenue, it does not extend to the property where you are now located. The signs you have erected are in violation of city ordinance and must be removed. It will be necessary for you to discontinue the use and "to make application for a special use permit for your proposed use. Applications must be made to our Community Development Department and your petition will be considered by the'City Planning Commission and City Council. An off-street parking contract is also required to be included in the "special use permit approval process. If you have any questions pertaining to an application, please contact Towhid Kazi, Asst. City Planner at 869-7521, Ext. 512-or myself. Yours truly, Sivert Hendrickson Building Official r-c: T. Kazi SH/lkt toleophono: $69-7521 (612) an equal opportunity employer ??F'---]' I Cofo'. e #ecia t t'F- . _qne. 6405 CEDAR AVE. SO. 612/861-1555 RICHFIELD, MN 55423 March 30, 1988 Planning Commission City of Richfield 5700 Portland Avenue Richfield MN 55423 Dear Sirs: This letter is to inform you as to the use Color Specialties Inc. makes of the property at 5405 Cedar Avenue South. Our business is all done by phone order or mail order. The orders come in and are filled by a part time person who works from one to three hours per day. A secretary does all the other necessary tasks here. UPS picks up all the orders being shipped once each day. My secretary, parks her car here all day. The part time . worker uses a bicycle in good weather, and a pick up the rest of the year. The company has no local customers and has no walk in, or drive in trade. In the past 12 years the company has never needed any more personnel than that described above. I, as the owner, spend from one to three hours a day at the office. We therefore, never park more than two vehicles here at any time. I feel that the Ugly Duckling management runs a good clean business and is an asset to this community. They always strive to keep the area clean and in good order. Cordially yours, COLOR SPECIALTIES INCORPORATED Harold 0. Toupin President cc: Larkin, Hoffman, Daly & Lindgren, LTD Attorney 0 r? • March 14, 1988 City of Richfield 6700 Portland Avenue Minneapolis, Minnesota 55423 To: Richfield City Planning Commission In response to the public hearing notice for granting a conditional use permit for Ugly-Duckling Runt-a-Car, Inc, located at 6405 Cedar Avenue South. I own the building across the street at 6345 Cedar and operate Arbor Construction and Lawnmasters Landscaping Inc. from that sight. My concern with a rental car company would be the number of cars attempted to handle in such a limited space. We need on street parking on our side of 64th for our business purposes. If they are granted a conditional use permit, I feel strongly that they should not be allowed to have more vehichles than their parking lot can handle. My other concern would be the quality of the vehicles he has parked on his lot or on the street. I feel it would be important that all vehicles be in operating condition. Thank you very much. Randy J. Johnson C.E.O. Arbor Construction 1] ?,7 DESCRIPTION OF FENCE: The fence will consist of V'xV x6' treated pinewood boards fastened to the exsisting chain link fence. This will be put up in 91x6' sections. Also, the fence will be painted the same color as the adjacent building. u Z G AP.1 G 0'/ • I X1 I I I 9'x6' section hl?? CITY OF RICHFIELD, MINNESOTA • Council Letter No. 96 Agenda April 11, 1988 Issue Statement: Public Hearing to Establish a Special Assessment District and Order the Undertaking of Current Maintenance Service Projects in the Interstate/Lyndale/Nicollet (ILN) Redevelopment Project Area. Background: The extensive landscaping in the ILN East Side area calls for planting trees, shrubs and sod; installation of an irrigation system and sidewalk installation. Once the contractor's responsibility ends, the city becomes responsible for the maintenance of this improvement. History The ILN Advisory Committee chaired by Gertrude Ulrich, the Residential Advisory Committee chaired by Marv Kaiser, the Planning Commission, the Housing and Redevelopment Authority and the City Council have been apprised of the need for special assessments to fund maintenance on numerous occasions since 1985. The attached September 11, 1987 memo from Bruce Palmborg documents the contacts with the various groups. • City staff believes that the special assessments mechanism is the best method of funding the maintenance. Boundaries The attached map shows the boundary options for the new special assessment district. Staff recommends the area bounded by 77th Street on the north, Pleasant Avenue on the east, 78th Street on the south and Lyndale Avenue on the west, plus the Vickers property be assessed for maintenance of the newly completed street/landscape project. The attached proposed special assessment roll identifies the properties to be assessed and the assessment amounts. As public improvements are completed, the boundaries will widen as needed. All single family and two family residential property will be exempt from the special assessment levy. The rationale for the exemption is that generally, there are negative impacts from businesses located close to residential properties and the landscaping buffer insulates the residential property from these negative impacts. Commercial property will be assessed on a per-square-foot basis under the proposed plan. The special assessments will pay for maintenance to the landscaped areas along the screenwall and other common areas. Level of Service Different landscaped areas around Richfield display different levels of service. The "look" of the greenspace between the curb and noise walls along our freeways is different from manicured ballfields at Taft Park. The front lawn of a typical Richfield residence, the landscaped entrance to Naegele's, and the wide open picnic areas of Augsburg Park provide different ideas of maintained landscaped areas. Staff has identified two service levels and associated costs: -The estimated cost for providing the same service level as in the Lyndale/Hub/Nicollet (LHN) is about $7,000 per year. An estimate from a private landscaping contractor for providing a level of service similar to that provided for the landscaping of a corporate headquarters was $3,200 plus $22/hour for weeding and other extras. Irrigation repair and city administration costs could bring costs to near $6,000. The LHN area sees heavy pedestrian traffic, cars and buses. . The landscaping areas abut storefronts. These areas seem to attract vandalism as well as complaints when not in top shape. A corporate headquarters may have a high standard, but it may not see the abuse of a public area. Although our 77th Street buffer may not see the pedestrian traffic, and with it the vandalism and complaints, it does abut single family homes. Arriving at a proper service level will require some trial and error over the next year or two. Contract Labor Each of the businesses affected by the proposed special assessment has been contacted by staff members. A general consensus among the owners seems to be that they would prefer a private landscaping company perform the maintenance rather than city crews. State statute and City ordinance allows this type of work to be performed by contract labor or by city crews (day labor). The public hearing will provide an opportunity for the businesses • to voice their preference on this issue. Recommended Motion: Adopt the attached resolutions establishing a special assessment district and order the undertaking of current maintenance services in the district. It is understood that: 1. The boundaries of the ILN special assessment district are identified on the attached map. 2. The level of maintenance service in the ILN will be similar to that provided in the LHN. 3. Richfield will contract for as much of the maintenance service in the ILN as practical. Basis of Recommendation: 1. The use of maintenance assessments has been included as part of the funding package during discussions of the formation of the ILN redevelopment project. 2. Some extraordinary maintenance is needed to keep the landscape area attractive. 3. Council is authorized by City ordinance to establish districts for the purpose of levying special assessments for current maintenance services projects. Alternative Recommendation: The Council can adjust the assessment boundaries, modify the level of service, and/or order the work to be done by day labor rather than private contract service. However, staff believes that the recommended special assessment project will deliver the expected and needed services at a reasonable cost. Discussion/Decision Mode: This item is on the April 11, 1988 City Council meeting agenda. As the maintenance season is beginning now, council is asked to make a decision regarding the special assessment project soon. Respectfu y submitted, Jame D. Prosser City Manager JDP/eja 0 RESOLUTION NO. RESOLUTION DETERMINING TO SPECIALLY ASSESS FOR THE COSTS OF CURRENT MAINTENANCE SERVICES PROVIDED WITHIN THE INTERSTATE/LYNDALE/NICOLLET PROJECT AREA BE IT RESOLVED by the City Council of the City of Richfield as follows: 1. The portion of the Interstate/Lyndale/Nicollet Redevelopment Project Area (the "District") east of Lyndale and south of 77th Street plus that property identified as Hennepin County Property Identification Number 34-028- 24-33-0073, west of the railroad tracks and north of the frontage road is hereby established as a special assessment district for the purposes of assessing for current services provided by the city. 2. The following current services of the city are hereby proposed to be undertaken by the city in the District with the cost of such services to be specially assessed against benefited property within the District: The trimming and care of trees and shrubs and the removal of unsound trees from any street; The repair of sidewalks; The maintenance of landscaped areas, irrigation systems and other public amenities on or adjacent to street rights-of-way; Trash and litter removal. 3. The area proposed to be specially assessed for such current services consists of each and every commercial and multiple residential lot and parcel of land within the District. It is proposed that the special assessments on the commercial property be made on the basis of area, with each square foot of assessable commercial property within the District assessed an equal amount. 4. It is hereby proposed that the project consist of the aforementioned services for the period from January 1, 1988 through December 31, 1988. The estimated cost of providing all of the aforementioned current services during that period is $7,000. 5. It is hereby determined that interim financing of said assessed current services will be provided through the permanent General Obligation Bonds of 1988. Passed by the City Council of the City of Richfield this 11th day of April, 1988. Steven J. Quam, Mayor ATTEST: Thomas P. Ferber, City Clerk 77 RESOLUTION NO._ RESOLUTION ORDERING UNDERTAKING OF CURRENT SERVICE PROJECTS • WHEREAS, pursuant to ordinance the City council of the City of Richfield did on April 11, 1988, establish a special assessment district and did propose that certain current services be undertaken by the City and that the cost of such services be specially assessed against benefited property, and WHEREAS, the City Council did also by resolution on March 14, 1988 set the date for public hearing on the undertaking of such current service projects and the levying of special assessments to bear the costs thereof; and WHEREAS, following due notice, such public hearing was held on April 11, 1988, at which time all interested parties desiring to be heard were given an opportunity to be heard. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, Minnesota, as follows: 1. That the following current services of the City shall be undertaken by the City within that portion of the Interstate-Lyndale-Nicollet Redevelopment Project Area east of Lyndale and south of 77th Street including that parcel known as Hennepin County Property Identification Number 34-028-24- 33-0073, west of the railroad tracks and north of the frontage road, which area shall constitute the special assessment district, with the cost of such services to be specially assessed against benefited property within the District: The trimming and care of trees and shrubs and the removal of unsound trees from any street; The repair of sidewalks; The maintenance of landscaped areas, irrigation systems, and other public amenities on or adjacent to street rights-of-way; Trash and litter removal. 2. The work to be performed may be by day labor, city force, by contract, or by any combination thereof. 3. The designated period of the project shall be from January 1, 1988 through December 31, 1988. Costs of the project shall be collected in the manner provided in Richfield Ordinance Code Sections 12.29, 12.30 and 12.31. Passed by the City Council of the City of Richfield this 11th day of April, 1988. Steven J. Quam, Mayor 0 ATTEST: Tom Ferber, City Clerk •- CITY OF RICHFIELD, MINNESOTA Inter-Office Memorandum w 16 DATE: September 11, 1987 TO:' Mike Rastling FROM: Bruce Palmborg SUBJECT: ILN Special Assessment Discussions/Reports A review of the files has revealed that use of special assessments to pay for the maintenance of the public improvements in the ILN has been discussed and reported on'many occasions. Documents/Reports 1), "Report on Financing Alternatives Study for Proposed Project Improvements and Development", ILN, dated September 16, 1985. Pages 3 and 4 contain a recommendation that special assessments be utilized for maintenance of public improvements. (Copy is attached). 2) "ILN Redevelopment and Tax Increment Financing Plan, October 21, 1985 Page 41 discusses the use of special assessments for maintenance of public improvements. (Copy is attached) 3) "ILN Redevelopment Study, November, 1985", prepared by BRW. A section of this report discusses project financing and on page 83 specifically mentions special assessments for maintenance of public improvements. (.Copy is attached) 4) "ILN Redevelopment and Tax Increment Financing Plan, October 21, 1985, amended December 15, 1986". Similar to No-2 above, but modified to reflect CDR's downscaled project. Page 41 again discussed the use of special assessments for maintenance of public improvements. (Copy is attached) 5) "Award of Contract for Landscaping Screenwall, Sidewalk and Appurtenant .Work in the ILN Redevelopment Area", City Council letter number 263 from the August 24, 1987 meeting. Page 2 of this letter discussed.the need for a special assessment district for maintenance of public improvements. (Copy is attached) t°! • This was the official "coming out" of the ILN concept plan and redevelopment plan. The meeting minutes indicate that in addition to the HRA, the City council and Planning Commission members were in attendance. The minutes also state that Executive Director/City Manager Cartwright reviewed HRA Letter No. 48 which was the report on financing alternatives. Special assessments were specifically discussed. The redevelopment and tax increment plan dated October 21 was also presented and was referred to the Planning Commission. Meetings of Policy Makers September 16, 1985, HRA Meeting October 81 1985, Planning Commission Special Meeting The PC reviewed and approved the redevelopment and tax increment plan dated October 21, 1985. In the official letter to the PC, the financing alternatives memo presented at the September 16 HRA meeting was noted. The minutes don't indicate whether or not there was another discussion of special assessments. October 21, 1985, HRA Meeting The October 21,.redevelopment and tax increment plan was before the HRA for formal approval. The official letter on this item referenced the financing alternative report on September 16th. November 12, 1985, City Council Meeting The City Council approved the redevelopment and tax increment financing plan dated October, 21, 1985,' Council letter'No. 8 dealt with this item. One of the attachments to the letter was the financing alternatives report previously presented September 16th. November 17, 1986, HRA Meeting The HRA referred the amended December 15, 1986 redevelopment and tax increment plan to the Planning Commission. November 25, 1986, Planning Commission Meeting Fhe Planning Commission made the appropriate findings and approved the amended plan. December,15, 1986, HRA Meeting i i The HRA approved the amended plan dated December 15, 1986 (this . plan was not presented to the Council as CDR withdrew their proposa.11. Ci_tizein Committee Meetings 40? There were two committees which worked with the ILN Plan. The . Advisory Committee (AC) chaired by Gertrude Ulrich was composed of about two dozen members, both business people and residents. This group met from early spring through late summer of 1985 and again during the fall of 1986. The -second group w4s the Residential Advisory Committee (RAC) chaired by Marv Kaiser. RAC met in the fall of 1986. A review of notes and meeting minutes indicates that project financing was discussed with both of these groups including special assessments. The minutes don't provide sufficient detail to permit documentation of the extent of the remarks. On June 10, 1987, there was a meeting to review the details of the PIEL plan. Residents, property owners and business people south of 76th Street to 78th Street and east of Lyndale jo Pleasant were invited. No business people from that area were at the meeting. Thus, the special assessment process received very little attention. • Other Remarks i The BRW redevelopment study report listed.under the document section of this memo was widely distributed. It went to members of the City Council, HRA, Planning Commission, committee members and others. w?, • • -3- #y f? force in developing the conclusions and recommendations. The third and final section provides background information an the thirteen financing options which were considered Staff Financing Conclusions and Recommendations The report examines the following thirteen financial options: Community Development Block Grant Funds (CDBG) Federal Aid to Urban Systems (FADS) HRA Capital Fund * MN Dept. of Transportation (MNDQT) Special Appropriation Municipal State Aid Funds (MSA) Permanent Improvement Revolving Fund (PIR) Proceeds From the Sale pf Land Revenue Sharing e Special Assessment (Bonds) Special City Parking District Special Revenue Fund Tax Increment Financing (TIF) .Urban Development Action Grant (UDAG) e Financing alternatives that have been identified as possible financing resources for the ILN project. After extensive consideration of the 13 financing options available to the City for the ILN project area, the following conclusions and recommendations are made: 1) The use of Special Assessment Bonds are a source of revenue for funding a portion of the improvements in the ILN project area. A special assessment of $.51 per square foot (identical zo LHN special assessment) in the ILN area would generate. 1.2 million, depending on what areas might be exempted. In turn, a $5-6 million bond issue would have based on this $1-1.2 million (20$) assessment,-if ba golc source for the remaining 80% of the bond can be identified.. The remaining 80% could be funded through Tax Increment Financing proceeds. The public improvements undertaken.in the nearly completed L/H/N area are funded from CP 705. Revenues far t% 705 totaled about $g million. Two-thirds, or $6 million was provided by'a bond issue. Special assessments against the benefitting properties in the project area accounted for repaying about 28% of the $6 million issue. The remaining 72% of the debt service is attired by tax.increments from,the project area. As the HRA may be aware, when the city negotiated to purchase properties in the L/H/N for redevelopment, the purchase agreement often provided that the City 0 • 1 ytdb i u\/ 1 L I 1 u, o * 9 of Richfield would also pay the outstanding arises- menu on the property being acquired. $o, ome properties, in effect, did not pay an _assessment. The assessment rate for the L/H/N public Improve- ments was $.51 per square foot. Due to inflation the higher cost of constructing streets, curbs, gutters, etc. ....'the equivalent assesamentrat# today could be in the neighborhood of $.75 per square foot when.compared to the $.51 square foot rate establiahed in the 1970'3 for the L/H/N project. In order to establish a special assessment project, a minimum of 20% of the project cost must be . •aasessed to the benefitting property. The remaining 80% can be provided from other revenue sources. The city must be able to establish that properties benefit by at least the amount being assessed against the private property,. C? C? The preliminary cost estimate from BRW for public improvements is just under $7 Million dollars.' Twenty percent of $7 million is $1.4 million. I Approximately $1.5 million could be provided by' a bond issue supported by a $.75 square foot assess- ment in the ILN project area. i l Special assessments are also used to pay for maintenance l of the L/H/N landscape improvements. in the L/H/N objected to the-1-40-per The businesses proposed assessment Ifor a city blk square foot assessment today runs less than 1¢ $3,000). The ' to pay the annual cost of the $40000 $4455,0r_s ,000foot mainte.hance bill. One final note on special assessments. Staff believes that some special assessment financing should be utilized. The L/H/N has been financed in part this way. In fairness, the I/L/N and future redevelopment projects should be treated similarly, Special assessment financing will help to keep the TIF bond ii3 Sue smaller zo it can be paid off sooner. It is also recommended that special assesment financing be utilized to maintain the project once completed (i.e, ? Public improvements' , snow removal, grass cutring, ,repairs to streetzeape),. 2) A redevelopment project area and a Tax Increment Financing district should be established for the I/L/N. The increment generated by the pro owed CDR Investments/MN Project (to be locatedon the Cloverleaf Motel property.within the ILN) and the <in 10/21/85 Pldn M? RELOCATION PROGRAM I All relocation activities of the Interstate-Lyndale-Nicollet Redevelopment Projlct would to in conformance :with t re Uniform Relocation Act (M.?,. 117.50-60). MAINTENANCE OF THE PROJECT AREA PUBLIC IMPROVEMENTS Projects such as the landscaped b.iffer along 77th Street and the stceetscaPe adjacent to Lyndale Avenue nortn of 77th Street would require. extraordinary maintenance alcove the level provided for. other areas of the city; Thus, aaditional funding sources would Le identified to provide this maintenance. A special assessment maintenance district encompassing t;1is area seems the most appropriate for raising the necessary revenue. Otiva.-r forms of funding would also to evaluated. I 41 4.4 III 11 1 / 1 T - -r a ? a- -•• - ?- r N- a o •c w •-i N =r -i a a a b m r a w a ?,.. CO to% - X (D c a m (D ? m x Gt O x 0 0 a a _. p 0 9 o ' p r Q b j ; -1 a (D 0- a N a i. o v -w (D - W 0 '0 CD p ° a in ?„ ' (D m C) ny O 8 +? j (D N .} p _, O ° a? = Q 3 A C - N b N a - 'D T N i p : ? .V A 1 f a ? U ? r 1 ? N 4 -f oD Z) ? D 0 0 o ? (D - 0 o o < 0 3 a a ? 0 a . z Z p C or -+ 4 a (D (D (D ; , . f =) (D , 0 ? N m m Q W -h -r (p O b a Y O C . Sul 7 C . 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(Z 01 01 06 W Mr (D N a n A DI N -i (D A Qy, O (D b - 1 a (D .; - ? y m O m ID W ... cr - T - h 1 a -0 m n 0 W cr ? Q O (p t ? a - ND fD OO N X' Q 1 v n o 0 , ac < 4 m y vi _ O b 1 N 0 a • a c7b o W -+ n W O a ? A a N -1 a -1 a - - a a O m " h C? O N T Q '+ { 0 C -t {D T^. O0 1 1 -t-+m -? j (D ; _. x O `< °i •c O w C y 0 0 0 n -« z i ID • b4 Ci7Y OF R1CHflELU, MINNESOTA /J Council Letter NO. 263 Agenda August'24, 1987 Issue Statement: Award of Contract for Landscaping, Scr.eenwall, Sidewalk and Appurtenant Work in the ILN Redevelopment Area, City Project Number 8372. Background: On Friday, August 14, 1987, bids were received from four contractors in a formal bidding process. The bid 'minutes and tabulation are attached for council review. Submittals included a base.bid and four alternates: 1) a deduct for using smaller sized street trees and Black Hills Spruce, 2) a deduct for reducing the height of the timber wall by 24, 3) a deduct to substitute Techny Arborvitae shrubs for Miss Kim Lilac shrubs and` 4) an add for a second coat of stain on all exposed wood surfaces including timber wall and bollards. These plans were.prepared by BRW, Inc. and are consistent with the Stage 1 Plan, The plans were subjected to extensive review. This is the model for a landscape buffer which is contemplated for the west side of Lyndale Avenue adjacent to 77th Street in the future. Everyone is anxious for*it to work well. Residents and business people east of Lyndale Avenue and south of 76th Street were invited to a meeting on June 10, 1987 at Emerson Avenue Congregational Church. However, no business people were in attendance. The plan received :support from those at the,meetin Two had specific concerns which have been successfullyraddert ressed.. The occupants of 7638 Garfield Avenue have a greenhouse on the • south side of their property. The•privacy of this space will be protected by a row of evergreens adjacent to their property. Also, the property at 7645 Harriet Avenue would be subjected to the intrusion of headlights from vehicular traffic traveling east on the loop street. The loop street connects Garfield and Harriet Avenues. Evergreens will be planted in the front of this property to minimize the impact of these lights. The plan was also reviewed by representatives of all.departments. That is, representatives of Public Safety, Community Services, as well as Administrative Services and Community Development. The Community Services Department did not concur with the types of plants selected because of the high cost to maintain areas landscaped with small shrubbery. Consideration was given in the design to safety issues, vehicular as well as pedestrian. Also, the experience with plant materials in the LHN was of value. Defining the details of the landscape plan was a difficult task, aesthetics must be balanced against maintenance. the issue is the need to provide an attractive landOn one scapedSare of which would also make-the screen or soundwall more acceptable. The other side of the issue is the need to maintain the plantings. The Community Services Department, which will maintain the area, continues to assert that there are too many shrub type plants proposed in the plan. That Oepartment.would prefer the planting of conifers or decidious trees. Thr> saundwall would be a twelve f rr?tau+ visual and noise intrusionspfrom 9theacommercialr}arell a to Llit 1'? 117CI1Clal dry . Hi, irilyaLiu?l tysLd1n will also uc; / installed to help keep the grass, trees and shrubs healthy. With the extensive review, the number of problems should be minimal. However, staff is viewing the installation of this buffer as a pilot model. If there are plant materials or • arrangements which are determined to be undesirable, they will be eliminated and replaced, and not repeated when the buffer is constructed west of Lyndale Avenue. Initially, the contractor is responsible for maintenance'. The contractor must care and maintain the trees and shrubs for one year from the date the work is completed. Care and maintenance includes providing adequate soil moisture, tree wrapping, staking and guying, mulch, rodent protection, insecticide and. installations of replacement plants. For the sod, the contractor is responsible for the first 30 day growing period. Maintenance includes watering and replacement of any sod which digs during the 30 day period. When the contractor is no lon9er.tespon5lble for maintenance, the city assumes the responsibility. Main te?n .ance of this area will be funded through .a special ? assessment levied against the nonresidential'property.in the area south of 77th Street and east of Lyndale Avenue. Imposition;of a special assessment was contemplated in_the'approved ILN redevelopment plan. Staff will be requesting the establishment of an assessment district in the near future. Recommended Motion: Award a contract to Lino.Lakes Nursery,.Wyoming,'MN, for Landscaping, Screenwall,.Sidewalk and Appurtenant Work in the amount of $128,933 which includes the base b}d plus selected • alternate four. Basis of Recommendation; 17 The bid by Lino Lake Nursery is the lowest responsible bid. 2. Funding for this work 44 available from the ILN tax increment bonds of 1985. Alternative Recommendation; Council may choose to reject all bids and direct staff to obtain new bids; however, the low bid is well within the engineer's estimate pf $1438337. Discussion/Decision Mode; he council may choose to delay award'of this contract, keeping in mind that the contract documents allow the bidders .to withdraw their bids 60 days after the bid opening. Construction is scheduled to begin in early September. ct ull wubmitted, 0. Prosser &tyManager JOP/eia 9 -Omr O, CL z CD CD ?- >O .0 @3 n o_ (D m N O to =? PMOL (Dr rCLz. C b-r O CD Mok E, ^• r z9 T rF •t?? x ? N 1 TT- -1- -- ----L.-. _:iIJ1 13 I O I Q I 9 CA of A i oio 10 m I I ; roi 9.00 °° °Q I a l a I old I I CI C71 01 d C]r C3' C7 ; 0 1 D* C3 CX C3'0 ?J =ll?- L+ -T C]!C7C70 C3 13 O r C] C7 C7. O. C7 o aiC3,o-oob ! °! ? C] ° : c3 C) I O . o 'Lyrdaie Aye. Sc. C Q +?i f' E ?......?.....1 .. o eQ o Om CY 13' 0' EY 13' C3 0 (? 1 13 00 o?d0:o "1 L --- O o Q C o: G' O. 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I°I o1Oip;p to;-o;aa o=aoo ILN ASSESSMENT ROLL Hampton Inn #34-028-24-33-0081 Hampton Inn #34-028-24-33-0082 Miller Beauty Supply #34-028-24-33-0003 Tires Plus #34-028-24-33-0006 Burmeister & Assoc. #34-028-24-33-0007 Lamettry's #34-028-24-33-0004 Michael O'Connell #34-028-24-33-0005 Lampert Lumber #34-028-24-33-0013 Lampert Lumber #34-028-24-33-0079 Richfield-Bloomington Honda #34-028-24-33-0080 Wicker's Oil #34-028-24-33-0073 I• I0 ?i CITY OF RICHFIELD, MINNESOTA . Council Letter No. 95 Agenda April 11, 1988 Issue Statement: Original application for On-Sale and Sunday Liquor Licenses for Discus Corporation, d/b/a Pizzeria Uno Restaurant and Bar, located at 1420 East 78th Street. Background: In August, 1987 Discus Corporation applied for on-sale and Sunday liquor licenses for a Pizzeria Uno Restaurant and Bar to be located a 1420 East 78th Street, the site of the previous Mr. Steak Restaurant. Prior to the application being submitted, a conditional use permit was granted for the site in July, 1987. This conditional use permit is valid until July, 1988. In September, 1987 the City Council voted not to grant Discus Corporation the on-sale and Sunday liquor licenses. The applicant is again requesting on-sale and Sunday liquor licenses for the same concept, a Pizzeria Uno Restaurant and Bar. The required background investigation has been conducted based primarily upon the information supplied by the applicant. The results of the investigation are listed below: - Discus Corporation is a publicly held restaurant development firm based in Bloomington that currently operates four restaurants in the Minneapolis/St. Paul area. Three of these restaurants are licensed to serve liquor. The investigation indicates that Discus has an excellent reputation in each of the communities where they operate a restaurant. - The principal owners of Discus, Michael Platt and Reynold Anderson, are both residents of the Minneapolis area and neither has any known criminal record. - Pizzeria Uno, the franchisor, is a publicly held corporation based in Boston, Massachusetts. Pizzeria Uno, operates over 20 restaurants worldwide. - The applicant has provided a $10,000 surety bond as well as a certificates of insurance for public and liquor liability coverages and workers compensation insurance coverage. - The applicant has provided copies of the lease and franchisor/franchisee agreements. The applicant has indicated that roughly $400,000 to • $500,00 will be spent in remodeling. This remodeling will not increase the size of the building, nor decrease the size of the parking lot. - The applicant has indicated that the proposed Uno's restaurant will have a limited bar area and that liquor sales will amount to only about 25% of the total sales of the restaurant. - The applicant has already designated a manager for the restaurant, Mr. Jay Severson. Mr. Severson resides in Richfield, and lives only about one block from the restaurant. Mr. Severson is the former manager of the Mr. Steak Restaurant which was located on the property. Mr. Severson has no known criminal record and appears to be well qualified for this position. On March 23, 1988 representatives from Discus met with residents who live near the site of the proposed Uno's restaurant. At the meeting, Discus representatives discussed the Uno's concept, emphasizing the fact that Uno's is not a "pizza joint", but rather a full-service, upscale restaurant that offers a variety of menu items, specializing in deep-dish, Chicago-style pan pizza. • Discus representatives also stated that Uno's concept emphasizes food over liquor and projects itself as a family type of a restaurant. Residents who live in the area expressed concerns about parking, noise, liter and the proposed expansion of Interstate 494. The applicant has indicated that they cannot firm up their financing until they know whether or not they will be able to obtain the on-sale and Sunday liquor licenses. The licenses are required to open and operate a Uno's. Recommended Motion: Approve the license application for On-Sale and Sunday Liquor Licenses for Discus Corporation, d/b/a Pizzeria Uno Restaurant and Bar, located at 1420 East 78th Street, with the following four stipulations: 1. The applicant discloses the source(s) of all financing of the project. 2. The applicant applies for and is granted a restaurant license. 3. The applicant receives final approval and inspection for all building and remodeling plans and a certificate of occupancy. • 4. The applicant pays the balance of all license and investigative fees. Basis of Recommendation: 1. The applicant has complied with all of the provisions of both the city ordinance codes and state statutes pertaining to on-sale and Sunday liquor. 2. The applicant has demonstrated that the business will be an asset to the community. Alternatives: 1. The council could decide to continue the hearing. 2. The council could decide to deny the licenses requested. 3. The council could decide to amend or drop the stipulations. Decision/Discussion Mode: The public hearing to consider the request for the licenses by Discus Corporation has been scheduled for April 11, 1988. The applicant is anxious to begin the project and is requesting that the council make a decision as soon as reasonably possible. • Respect Ally submitted, Jame D. Prosser City Manager JDP/eja I* 0 CITY OF RICHFIELD Memorandum DATE: March 25, 1988 TO: Jack Erskine, Director of Public Safety FROM: Agent Bill Hollick SUBJECT: Concerns Expressed by Residents Regarding Proposed Liquor License 4t 1400 East 78th Street. On Wednesday evening March 23, 1988 a meeting was held between Discus Corporation and residents in the area•of 77th Street and 14th Avenue. Discus. Corporation has applied for an on-sale liquor license in connection with a proposed Pizzeria Uno restaurant which will be located at 1400 East 78th Street, the previous location of a Mr. Steak restaurant. During the course of the meeting which was attended by • approximately ten residents, the following concerns were expressed: The extent of reconstruction of the 1494 freeway and adjacent service ;oads and the effect of the reconstruction on thq surrounding neighborhood. The increase in traffic and parking problems that would .result from another restaurant with liquor being located next to the Ground Round. The increase in noise and liter, especially during the late night hours. Whether the City should allow two establishments with liquor to be located next to each other, adjacent to a residential neighborhood. The possibility that the applicant might change their format from a family priented restaurant, if they were not successful. The residents that attended the meeting seem to be convinced that the proposed Pizzeria Uno copcept is not "just another pizza joint." They also seemed to understand that some type of business will eventually open at that location. I expect that all of the residents that attended the neighborhood meeting will attend the City Council hearing scheduled for April 11, 1988. DISCUS CORPORATION COMPANY DISCRIPTION dab, The Discus Corporation is arestaurant development firm that currently is the exclusive regional franchisee for three restaurant concepts. Fuddruckers, Brick Oven and Pizzeria Uno. The company was founded in 1983 and opened its first restaurant in November, 1984. Discus operates three Fuddruckers restaurants in the Minneapolis/St.Paul area, three in.Milwaukee and the company has justed opened its first restaurant in St. Louis, Mo. The company also operates the Brick Oven restaurant in Roseville, and plans are to open its first Pizzeria Uno in Richfield. N PIZZERIA UNO RESTAURANT CONCEPT MENU AND CONCEPT: Pizzeria Uno restaurants are full-service restaurants which feature gourmet, Chicago-style deep-dish pizzas and a variety of sandwiches, hamburgers, appetizers, salads, desserts and beverages. The Company's signature product is its deep-dish pizza. All menu items are prepared at the restaurants and are available for carry-out service. Pizzeria Uno restaurants offer a casual, friendly and entertaining atmosphere, efficient service and high-quality menu items at moderate prices. Entree selections currently range in price from approximately $2.75 to $4.95, with the average person revenue per meal, including beverages, being approximately $6.50. All Company-owned full-service restaurants offer full liquor selection, with most restaurants having a bar and lounge. During fiscal 1986, food sales constituted approximately 750 of total restaurant revenues of the Company, and alcoholic beverages sales accounted for the remaining 250. Pizzeria Uno restaurants are located in both urban areas and suburban shopping and entertainment areas. The typical restaurant occupies approximately 5,000 square feet, with seating capacity of approximately 150 customers. Each restaurant employs 50 to 70 people, most of whom are part-time personnel. Most restaurants are open from 11:00 A.M. to midnight, seven days per week. GENERAL: The Company currently owns and operates 11 full-service restaurants in Massachusetts, New York and Rhode Island. There are 22 franchised Pizzeria Uno restaurants operated by 15 franchisees located in 10 states. The Company has entered into agreements with existing and new franchisees for the addition of approximately 20 new franchised restaurants over the next 24 months. RESTAURANT MANAGEMENT: The staff for a typical Pizzeria Uno restaurant consists of one general manager, two assistant managers and 50 to 70 hourly employees. The Company conducts an initial seven-week training program for all managers and franchisees focusing on restaurant operations. The Company employs a franchise operations director and a field service supervisor who are responsible for supervising all franchised restaurants. Their duties include quarterly visits and detailed, annual inspections of quality, service and sanitation. r MICHAEL E. PLATT Michael E. Platt, age 44, has served as President and CEO of Discus Corporation, franchisee-operator of Fuddruckers Restaurants in Minnesota and Wisconsin, since August, 1983. Discus currently operates six (6) restaurants and went public in August, 1985. For the previous seven years he was employed by the Pillsbury Company, most recently as Director of Acquisitions. Prior to joining Pillsbury in 1976, Mr. Platt served in various marketing positions as Vice President of Marketing for Steak'n Shake Restaurants based in Indianapolis, Indiana; Director of New Products for Kentucky Fried Chicken Corporation, Louisville, Kentucky and Senior Product Manager, General Foods Corporation, White Plains, New York. I Mr. Platt graduated from the Massachusetts Institute of Technology in 1963 with a degree in Industrial Management,- and received an M.B.A. from Harvard University in 1965. Resume of Reynold M. Anderson Sr. Reynold M. Anderson is a contractor and financial manager with more than 30 years experience, having developed, constructed, and arranged financing for more than 75 restaurants and hundreds of apartment buildings, double bungalows, single-family homes, and townhouses. Mr. Anderson Is the Managing General partner of Zaeco Aasociates Llml!ed Partnership (Zaeco L.P.), and for more than 20 years was ttie Presides t of ita predecessor corporation Zaeco, Inc., which built 60 Perkins and 6 Mr. Steak restaurants throughout the United States. Zaeco LP. and its predecessor have been a family owned and operated business for over 60 years. Zaeco L.P. Is the owner of numerous commercial rental properties with a market equity in excess of $13,000,000. As the general contractor for hundreds of constriction projects, Mr. Anderson has extensive executive background in administration, organization and financial management. Mr. Anderson Is also the President, Director and a major Shareholder of Reynolds Construction, Inc., a corporation formed to build restaurants and other. commercial projects throughout. the United Staies. Reynolds Construction, Inc. has the exclusive rights to develop and renovate properties for Discus Corporation, T.H.I.S. Corporation, Mlntesota, Inc., Flour Bin International, Inc., Mexican Village, Inc. and Zaeco L.P. In addition, Mr. Anderson recently formed Zaeco Leasing Company, a corporation that leases restaurant equipment to Perkins restaurants. Mr. Anderson Is the President, Treasurer, Director and a major shareholder. Mintesota, Inc., and T.H.1.6. Corporation are Florida corporations that have franchise rights to develop and operate Perkins restaurants in several counties in Florida. Mr. Anderson is an Officer, Shareholder, and Chairman of the Board of Mintesota, Inc. and T.H.I.S. Corporation. The Discus Corporation, of which Mr. Anderson was a founding Shareholder, was formed to operate franchised Fuddruckers restaurants. With 6 Fuddruckers already built, the Discus Corporation has an Agreement to open a minimums of 14 Fuddruckers restaurants by 1989. In addition, Discus Corporation owns the franchise' ."rights tb'bulld' Brick Oven restaurants in nine states. The fourth Brick Oven restaurant irk the United States Just opened in Roseville, Minnesota Mr. Anderson Is the Chief Financial Officer, Secretary, Director, and a major Shareholder of the Discus Corporation. In addition, the Discus Corporation has an agreement with Mr. Anderson whereby Discus Corporation has agreed to employ Mr. Anderson and/or his affiliates to remodel existing buildings and/or constrict new buildings for the Fuddruckers restaurants. Mr. Anderson has ownership Interests in seve6f other entitles including Mexican Wage, Inc., Flour Bin International. Inc., and Is the Managing Partner for many active and successful limited partnerships that own and operate Perkins restaurants. U7,4< Mr. Anderson, 56, is a professional clvN engineer who Is registered with the State of Minnesota He received his degree in Civil Engineering from the University of Minnesota in 1954, and is a lifetime resident of Minneapolis. Mr. Anderson has been and Is involved In many community projects. a F 'JAY SYVERSON' H I have been employed by the Discus Corporation since April, 1987 as General Manager of the Pizzeria Uno restaurant in Richfield, Minnesota. This restaurant site was formerly a Mr. Steak restaurant and will open in the Fall of 1987. I had been the General Manager for 9 years for the Mr. Steak restaurant in Richfield, MN from October, 1978 through March, 1987. During this period I spent 231 months opening a Mr. Steak in Beaver Dam, Wisconsin, near Madison, from August - October, 1981. I have completed a health course at the University,'of Minnesota on Food Born Illnesses and a Restaurant Management course at Hennepin County..Vo-Tech in Septsmber,..1987. V ?l 8/87 a S F- ir O Z IC 1 i W W Q N a in •- a V1 w O ? N 1 W w U I .J w } LL H a Z CL ~ t ir m x G. I LU 1 I ? I 77th ST. W.j t ? f HLlt ? X O Z '3A v • H19t j FT1 !V _ 03Ad -• NOIDNIAOO-A • .S 3Ad HLS t LLi N il El 'J 1 'lllll??lll??l??lll?ll w = - co L co tL 133i1233i1?7NUUIU 0 ? 'OS *3AV r ? t J "3AY 5 '3AY Hlcr -05 "-3AY : His I I= ' 'S '3AY H121 O .dAY • NOIDNInOO-A "3AY HIN ((/ r // w V U cry T W • CO W W U Iz !W 0 IJ 'W :¢ LL ui , c!) 0 z co ?? f Q J CL 'Z .uj j 2 CL O W 0 LLI i z LU .S LU O U "3Ab WIC I V5 -3Ab • H1.5Z I MAY • NOIONIA00-9 '33 AV Htbt . m ' W U- m c'-n Z W T W LLI I c LU LL. C CITY OF RICHFIELD, MINNESOTA Council Letter No. 94 Agenda April 11, 1988 Issue Statement: Public hearing on the request for approval of the subdivision of the property located at 6824 13th Avenue. Background: Mr. Hans C. Misvaer, owner of the property at 6824 13th Avenue, has requested approval to subdivide this property into two new single family residential lots. The existing single family home on the site would be demolished. Two new single family dwellings would then be constructed. The existing lot is 114 feet x 127.57 feet. The two new lots would have dimensions of 57 feet x 127.57 feet. The proposed lots would meet the city lot area, lot width and lot depth requirements for the single family district. The preliminary plat map indicates that the new lots would have adequate buildable area for single family dwellings while meeting the setback requirements. At the March 22, 1988 Planning Commission meeting, the commission unanimously (7 to 0) recommended City Council approval of the subdivision at 6824 13th Avenue. Recommended Motion: Approve the preliminary plat as shown for the property located at 6824 13th Avenue. Basis of Recommendation: 1. The preliminary plat meets the requirements indicated in the subdivision and zoning ordinances (Sec. 523). 2. Both of the lots would meet the city requirements for single family residence district. Alternative Recommendation: The City Council may deny the subdivision request if it can be demonstrated that the subdivision of the existing lot would have a negative impact on the abutting properties. Decision Mode: A public hearing is scheduled before the City Council at 7:00 p.m., Monday, April 11, 1988 to consider this subdivision request. Written notice of the hearing was provided to the property owners within 350 feet of the subject site. Legal notification was also published in the Richfield Sun Current newspaper. Respect 9 ly submitted, Jame WD.Prosser City Manager m a V ? - - O O V O .1 A V ? > s o u .. . s s > > a a 1? y ti N y y r r r ? ti r ? ti y ?Ni XERXES AVE-+?•---.?_ _ ?..r - _.s _ r--?'1+•- _ VINE I?-\-?'•r -`\-' -- - _1 _'? ±,?'? mac- - C NT UPTON THOMAS SHERIDAN RUSSELL QUEEN j!, PENN ''_?•--- OLIVE: 1 NEWTON III --'-1.=-JjY MORGAN LOGAN --J=. KNOX o? JAMES ?? Jo'L•- oo 1r r t? I IRVING J ?- HUMBOLDT GIRARD • J-?? FREMONT i -_-.?.-_--?- - EMERSON 12TH AVE S DUPONT ?• 1 COLFAX CYi BRYANT I'! ^ e t ALDRICH ' LYNDALE AVE. CANFIELO HARRIET i m ?:}:•: ?? DRANO ?.•::::i {:?:• PLEASANT 13TH AVE S ?ILLSSURr ! WENTWOiTH II• BLAISDELL HICOLLET AVE. r-? 1st (?? :.:' o 00 STEVENS w I I 1 zA? ??o _? o•_J o moo 3rd GUNTON • <:i:•::: 'iti:: ''::4:: 4 M -M SNI r ??oL.? '•,N,F••.. '•••••• t? PORTLAND AVE. r ?ooo? '`?^ {}2{''; ti{•};. ?? -. ..) l-J OAKLAND IC 'I i!?oul `: loo PARK l-J ? COLUMBUS " :;r `•? y -J CHICAGO I,J000:. I?,•• ?:: `• {:i;:;'r:: L_Jo i a ELL IOT 4?iI looo, `oJJ.• o;-J;-J 10 th 11 th ?I-Joo ool 000 Is 11 "1' =7oo?_Joo Ooo =70 1A 1K oo? ??? ooo?oo oo?o -- 0000 15 th SLDOIIINGTON I; ooo ?oo ?o i; I oo; •==1?0 ooL-lo 00 -'- oo?o?"Uo?oooo 16 1% nu 1I IBiA ooooU ?ooooo0 CEDAR AVC. LONGFELLOR a• V Y 1 ,. v N r G-- , r IC- 7 7C z A ?' AoC2 t? 2 ? 'R < ;u o y N 1 0 N N y N >f 2 e o S N y 1E t XERXES AVE. `- WASHBURN VINCENT - ° 4 UPTON JI THOMAS --- SNERIDAN RUSSELL OUEEN PENN AVE. ?L7. OLIVER 1. NEWTON oo' MORGAN I -- LOGAM ^? -- I) KNOX r--? p JAMES IRVING HUMBOLDT I I? GIRARD --- P FREMDIri EMERSON Ij DUPONT III' COLFAX ?+?II SRYANT • ALDRICH LYNDALE AVE. III GARFIELD 1 HARRIET nn,;ll GRAND 1 PLEASANT I I PILLSBURY. Qa lWENTWORTH :,,I IBLAISDELI NICOLLET AVE. lot STEVENS 2M 3rd CLINTON l ?•J I • 3t t ?. . PORTLAND AVE. ?'. OAKLAND PARK i COLUMBIA II CHICAGO ELLIOT 1110 f. Il tll 12,K % Q 131 III is Q 13,11 O BLOOMINGTON s 111 ITtU CEDAR AVE. LONGFELLOW C? „111 JJ 20+R 21 .1 ? zzA? STANDISH 23 r11 M H • r O n a O Z 0 OD N A W -04 x C rn t? • 6824 13TH AVE S r 7' 5 57 N 1 5 •M ti N A 5 BUILDABLE AREA IA N r .....:::1 1 EXISTING HOUSE a: ----- ..:........ BUILDABLE • AREA 5 , 5 W• Q D _Z N X • p W M 114 13TH AVE S N 68TH ST E ZONING rn W a s T T Ch W Q s I -- cm T 6824 13TH AVE Sls'3, 69TH ST E 70TH ST E SINGLE FAMILY RESIDENTIAL 46 W W a s C T t N W Q s H to T - LAND USE cn W Q to T CA W Q S T T 6824 13TH AVE S'?? ? N W Q F N r 89TH ST E PARK a SINGLE FAMILY RESIDENTIAL 70TH ST E CD W Q 1- T t N 8TH ST E CITY OF RICHFIELD, MINNESOTA Council Letter No. 93 Agenda April 11, 1988 I'. 0 Issue Statement: Purchase in Excess of $5,000 for Repair of Well V. Background: The city council purchasing policy resolution provides that when the purchase of merchandise, materials, equipment or construction exceeds the amount of $5,000, authority to purchase shall be submitted to the city council for consideration. Deep Well V, located in front of the water plant, collapsed on February 24, 1988. Water division personnel inspected the well hole with a remote television camera lowered into the hole. The video tape indicated that 960 feet down, approximately 200 feet of the hole bottom was blocked off due to a collapse in the rock sidewalls of the hole. Staff worked with engineering consultants Orr-Schelen-Mayeron to determine the repair work needed to reopen the well hole. Vendors were asked to prepare quotations with a work completion date no later than June 1, 1988. On March 30, 1988 four informal quotes were received for the repair of Well #7: Keys Well Drilling Co. $13,800 E.H. Renner and Sons $13,925 Layne Minnesota $21,550 Bergerson-Caswell, Inc. $22,750 This is an unanticipated expenditure. Funding for the repair of Well #7 was not included in the adopted 1988 operating budget for water maintenance. Expenditures associated with the cost of the emergency repair will be included in the revised 1988 operating budget. Recommended Motion: Approve a purchase in the amount of $13,800 with Keys Well Drilling Co. for the repair of Well #7. Basis of Recommendation: 1. Keys Well Drilling Company submitted the low quotation. 2. They are a reputable company with whom we have done business in the past. • 3. Municipal contracting statutes allow the informal quotation process used in this case. 40 Alternative Recommendation: 1. Council could reject all quotes and instruct staff to obtain new quotations through an informal quotation process or through a formal bidding process. 2. A formal bid procedure may not allow enough time to meet our self-imposed June l deadline for completion of the work. 3. Staff believes that a formal bid process will not result in a lower price. If fact, the price will very likely be higher. Discussion/Decision Mode: This item is scheduled for the April 11, 1988 City Council meeting. Delaying repair until after the midsummer peak water consumption time could affect our ability to meet demand. Once ordered, the work should be done within two weeks. Respect lly submitted, Jam s D. Prosser City Manager JDP/eja 10 ?Ztf CITY OF RICHFIELD, MINNESOTA Council Letter No. 92 Agenda April 11, 1988 Issue Statement: Proclamation designating April, 1988 State Cable Month Background: The National Cable Television Association is promoting April as National Cable Month. Governor Perpich has proclaimed April as State Cable Month. Dottie Rietow, representative of Rogers Cable Systems, has asked that Richfield also designate April as Cable Month. During April, Rogers will host the annual volunteer public access programming event, the Teddy Awards, on April 28, at the Eden Prairie studio. Rogers is also planning community outreach activities, and special programs with schools. Recommended Motion: Read the attached proclamation, designating April as cable month. Basis for Recommendation: 1. Rogers has requested the City show their support of cable TV by issuing this proclamation. Alternative Recommendation: 1. Do not issue the proclamation. Discussion/Decision Mode: This item has been placed on the presentation portion of the April 11 City Council agenda, even though it is unlikely that a Rogers representative will be present to accept the proclamation. Respectfully submitted, ?aJ James . Prosser City Manager JDP/eja CITY OF RICHFIELD, MINNESOTA Council Letter No. 91 Agenda April 11, 1988 Issue Statement: Presentation of Plaque for Achievement of Certified Municipal Clerk Status to City Clerk Thomas P. Ferber Background: The Municipal Clerks and Finance Officers Association (MCFOA) of Minnesota and the International Institute of Municipal Clerks (IIMC) sponsor a certification program for municipal clerks who have attained specified standards of education, experience, and service. City Clerk Thomas Ferber has met the necessary requirements including: * Completion of the 3 year Municipal Clerks Institute program at the University of Minnesota. * 3 years as a full time municipal clerk * Bachelors degree in Public Administration * Attendance at various MCFOA and IIMC conferences * Approval of the MCFOA Certification Committee on Accreditation On March 24, 1988 at the annual MCFOA Conference City Clerk Tom Ferber was presented a plaque in recognition of achieving the status of Certified Municipal Clerk. He was also elected as a member of the Executive Board of the MCFOA for 1988-89. 10Recommened Motion: Present the MCFOA Plaque to City Clerk Tom Ferber recognizing his achievement in attaining the Certified Municipal Clerk status. Basis for Recommendation: 1. The MCFOA has certified Tom Ferber as a Certified Municipal Clerk. 2. The city council wishes to take such opportunities to recognize achievements of city staff, especially at a public forum such as a city council meeting. Alternative Recommendation: 1. The city council could choose not to make the presentation. Discussion/Decision Mode: Action on this item is suggested for April 11, 1988. Respectfully submitted, j go James Prosser City Manager JDP/eja