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032310completeagendaI CITY OF RICHFIELD, MINNESOTA TUESDAY, MARCH 23, 2010 ******************************************************************************************************* SPECIAL CITY COUNCIL WORKSESSION CITY HALL COUNCIL CHAMBERS 6700 PORTLAND AVENUE 6:00 P.M. AGENDA Call to order Roll call 1. Discussion regarding 2010 budget issues Notes: Adjournment REGULAR CITY COUNCIL MEETING COUNCIL CHAMBERS 6700 PORTLAND AVENUE 7:00 P.M. AGENDA INTRODUCTORY PROCEEDINGS Call to order Roll call Open forum (15 minutes maximum) Each speaker is to keep their comment period to three minutes to allow sufficient time for others. Comments are to be an opportunity to address the Council on items not on the agenda. Individuals who wish to address the Council must have registered prior to the meeting. Notes: Pledge of Allegiance Approval of minutes of (1) Special City Council Worksession of March 9, 2010 and (2) Regular City Council Meeting of March 9, 2010 PRESENTATIONS 1. Presentation of proclamation designating April 10, 2010 as Richfield Optimists Club Youth Foundation No Kids Left Behind Day 2. Presentation of 2009 Restaurant Food Safety Awards from Richfield Advisory Board of Health (Council Memo No. 40)' COUNCIL DISCUSSION 3. Council discussion • Richfield Historical Society • Hats Off to Hometown Hits • Misinformation regarding 9-1-1 dispatching Notes: AGENDA APPROVAL 4. Council approval of agenda CONSENT CALENDAR 5. Consent Calendar contains several separate items, which are acted upon by the City Council in one motion. Once the Consent Calendar has been approved, the individual items and recommended actions have also been approved. No further Council action is necessary. However, any Council Member may request that an item be removed from the Consent Calendar and placed on the regular agenda for Council discussion and action. All items listed on the Consent Calendar are recommended for approval. A. Consideration of approval of resolution providing for sale of $1,535,000 General Obligation Bonds, Series 2010A S. R. No. 45 B. Consideration of approval of resolution authorizing issuance of Variable Rate Demand Multifamily Housing Revenue Refunding Bonds, Series 2010 and Variable Rate Multifamily Housing Revenue Notes, Series 2010 S.R. No. 46 C. Consideration of approval of resolution modifying Health Care Savings Plan for eligible International Union of Operating Engineers, Local 49 bargaining unit employees S.R. No. 47 D. Consideration of resolution restricting parking on both sides of 76th Street between 11th and 12th Avenues S. R. No. 48 E. Consideration of approval of award of contract to Clearwater Recreation, LLC. for purchase and installation of play equipment and shade structure at Lincoln Athletic Complex in amount of $55,000 S.R. No. 49 Notes: 1 6. Consideration of items, if any, removed from Consent Calendar Notes: RESOLUTIONS 7. Consideration of right-of-entry agreement for use of northern half of 7700 Pillsbury Avenue, City's former Public Works Maintenance Facility, by Ron Clark Construction and Design Company Staff Report No. 50 Notes: 8. Consideration of revision to Exhibit D of Land Acquisition, Design and Construction Cooperation Agreement between Metropolitan Council Environmental Services and City of Richfield for Edina-Richfield Interceptor Improvements Project Staff Report No. 51 Notes: 9. Consideration of resolution authorizing one-time employee Early Retirement Incentive Program Staff Report No. 52 Notes: OTHER BUSINESS 10. Consideration of transfer of 2009 General Fund budget surplus up to $300,000 to Capital Project Fund, effective December 31, 2009 Staff Report No. 53 Notes: CITY MANAGER'S REPORT 11. City Manager's report Notes: 12. Claims and payrolls Open forum (additional 15 minutes if more time needed after first Open Forum and by majority vote of the City Council) Each speaker is to keep their comment period to three minutes to allow sufficient time for others. Comments are to be an opportunity to address the Council on items not on the agenda. Individuals who wish to address the Council must have registered prior to the meeting. Notes: 13. Adjournment Auxiliary aids for individuals with disabilities are available upon request. Requests must be made at least 96 hours in advance to the City Clerk at 612-861-9738. J CITY COUNCIL MINUTES Richfield, Minnesota Special Worksession March 9, 2010 CALL TO ORDER The meeting was called to order by Mayor Goettel at 6:05 p.m. ROLL CALL Council Members Present. Debbie Goettel, Mayor; Pat Elliott; Fred Wroge; Sue Sandahl; and Tom Fitzhenry. Staff Present: Steven L. Devich, City Manager; Mike Eastling, Public Works Director; Kristin Asher, City Engineer; Robert Hintgen, Utilities Superintendent; and Cheryl Krumholz, Recording Secretary. Item #1 DEMONSTRATION OF NEW SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) UTILITY SYSTEM AND DISCUSSION OF POSSIBLE CAPITAL INVESTMENTS AT WATER TREATMENT PLANT (COUNCIL MEMO NO. 35) Utilities Superintendent Hintgen demonstrated the SCADA utility system. Utilities Superintendent Hintgen discussed the water plan and distribution improvements project cost estimates. City Manager Devich explained the potential funding sources. ADJOURNMENT The meeting was adjourned by unanimous consent at 6:55 p.m. Special Worksession Minutes -2- March 9, 2010 Date Approved: Cheryl Krumholz Recording Secretary Debbie Goettel Mayor Steven L. Devich City Manager J CITY COUNCIL MEETING MINUTES Richfield, Minnesota Regular Meeting March 9, 2010 CALL TO ORDER The meeting was called to order by Mayor Goettel at 7:04 p.m. ROLL CALL Members Present: Debbie Goettel, Mayor; Sue Sandahl; Pat Elliott; Fred Wroge; and Tom Fitzhenry. Staff Present: Steven L. Devich, City Manager; Mike Eastling, Public Works Director; Karen Barton, Acting Community Development Director; Kristin Asher, City Engineer; Corrine Heine, City Attorney; and Cheryl Krumholz, Recording Secretary. OPEN FORUM Steve McKeown, 7104 Portland Avenue, stated his concerns regarding the poor road condition of Portland Avenue and potential house and utilities damage from the Metro Transit buses. Public Works Director Eastling stated the City is having discussions with Hennepin County regarding the County doing reconstruction of their roads, i.e. Portland, Nicollet, rather than patching. PRESENTATION OF COLORS AND PLEDGE OF ALLEGIANCE Mayor Goettel led the audience in the Pledge of Allegiance. APPROVAL OF MINUTES Council Meeting Minutes -2- March 9, 2010 M/Fitzhenry, S/Sandahl to approve the minutes of (1) Special City Council Worksession of February 23, 2010 and (2) Regular City Council Meeting of February 23, 2010. Motion carried 5-0. Item #1 COUNCIL DISCUSSION • HATS OFF TO HOMETOWN HITS City Manager Devich discussed the public survey, as requested by the City Council, on the website to gather input on the community's willingness to pay additional taxes for infrastructure costs for the Dispatch Center in the new City Hall. He added the survey information and link to the website are on the City's Twitter and Facebook accounts and will be in the Richfield Sun Current. Council Member Fitzhenry stated he is doing research on possibly Richfield dispatching for other cities. Council Member Elliott and Mayor Goettel expressed concern regarding potential costs of joining Hennepin County. Mayor Goettel acknowledged the successful efforts of Council Member Sandahl and staff at a Metropolitan Council meeting to stop the delay of the Richfield-Edina Interceptor Project and to have it move forward as planned. Mayor Goettel discussed The Biggest Loser television special taped earlier at Richfield High School and is to be aired in the spring. Council Member Fitzhenry stated complaints regarding the condition of Hennepin County streets in Richfield should be directed to the City Public Works Department so a record can be maintained and forwarded to the county. Council Member Wroge acknowledged the death of Bob Turner, a Richfield resident active in sports programs. Council Member Sandahl acknowledged the recent media recognition of Frank White, Programs/Athletics Manager, and the history of black baseball leagues. Item #2 COUNCIL APPROVAL OF AGENDA Mayor Goettel removed Item #3A from the Consent Calendar and moved it to Item #4 for separate consideration. M/Wroge, S/Fitzhenry to approve the agenda as amended. Motion carried 5-0. Council Meeting Minutes -3- March 9, 2010 Item #3 CONSENT CALENDAR A. Item was removed from the Consent Calendar to be considered separately as Item #4. B. Consideration of approval of scheduling public hearing on April 13, 2010 regarding issuance of new on-sale wine and 3.2 percent malt liquor licenses for Joy's Pattaya Thai Kitchen, 7545 Lyndale Avenue S.R. No. 38 C. Consideration of approval of amendment to Metropolitan Council Family Affordable Housing Cooperation Agreement to convert ten Family Affordable Housing Program units located in Richfield to project based Section 8 units S.R. No. 39 M/Goettel, S/Sandahl to approve the Consent Calendar as amended. Motion carried 5-0. Item #4 CONSIDERATION OF ITEMS, IF ANY, REMOVED FROM CONSENT CALENDAR Former Item #3A - Consideration of approval of resolution authorizing Trailway Cooperative Agreement between Three Rivers Park District and City of Richfield for construction, easement rights, maintenance and use of Nine Mile Creek Regional Trail associated with Edina-Richfield Interceptor Improvement Project S.R. No. 37 Council Member Wroge presented Staff Report No. 37. Council Member Wroge asked about the overall cost of the trail, including cost sharing and winter use. City Engineer Asher explained the level of winter maintenance is still under discussion. Kelly Grissman, Planner for Three Rivers Park District, explained the funding from the Park District to reimburse the City for construction costs. M/Elliott, S/Sandahl that the following resolution be adopted and that it be made part of these minutes: RESOLUTION NO. 10347 RESOLUTION AUTHORIZING THE CITY OF RICHFIELD TO ENTER INTO A TRAILWAY COOPERATIVE AGREEMENT WITH THE THREE RIVERS PARK DISTRICT FOR THE NINE MILE CREEK REGIONAL TRAIL Motion carried 5-0. This resolution appears as Resolution No. 10347. Item #5 CONSIDERATION OF SECOND READING OF ORDINANCE AMENDING SECTION 210.01 RELATED TO CITY COUNCIL SALARIES S.R. NO. 40 Council Meeting Minutes -4- March 9, 2010 Council Member Sandahl presented Staff Report No. 40. Council Member Sandahl suggested the City Council receive a 0% salary adjustment. M/Sandahl, S/Goettel that this constitutes the second reading of Bill No. 2010-1 amending Section 210.01 related to Citv Council salaries, that it be published in the official newspaper and that it be made part of these minutes. Motion carried 5-0. Item #6 CONSIDERATION OF RESOLUTION CALLING FOR PUBLIC HEARING ON APRIL 27, 2010 TO CONSIDER MODIFICATION TO REDEVELOPMENT PLAN FOR RICHFIELD REDEVELOPMENT PROJECT AREA AND PROPOSED ESTABLISHMENT OF 2010-1 HOUSING TAX INCREMENT FINANCING DISTRICT RELATING TO DEVELOPMENT OF 90-UNIT MARKET RATE HOUSING DEVELOPMENT WITH AFFORDABLE COMPONENT AT 6401 LYNDALE AVENUE (WOODLAKE PLAZA) S.R. NO. 41 Council Member Wroge presented Staff Report No. 41. Council Member Wroge questioned the proposed services and uses, appraisal of the site, concerns related to how current tenants are treated, retail impacts in that area, and the lack of blight. Terry McNellis, Michael Development, explained the financial risks and responsibilities of the owner and that the lender-ordered appraisal had not yet been received. Council Member Wroge stated he liked the plans but not the providing of public financial assistance. Mayor Goettel expressed concern of using too much tax increment financing (TIF), especially with the current budget issues facing the City. She added that residents have voiced concerns with higher density, increased public safety issues, and a less-intrusive project. She also had been contacted by current and former tenants. Council Member Elliott stated the HRA presentation the previous evening had addressed the concerns raised tonight. The building is attractive and tailored to lessen neighborhood impacts. He expressed concerns voiced to him about the broker used by the owner to try to fill vacancies. Council Member Elliott said he was not fond of TIF but he did like the higher-scale, new development which the City had not experienced in several years. Council Member Sandahl agreed with Council Member Elliott and expressed support for the proposed development as new upper scale, yet affordable, rental housing and alternative for the community. Council Member Fitzhenry also expressed support that this development may encourage other development in the area. Council Meeting Minutes -5- March 9, 2010 Mayor Goettel clarified that several developers have shown interest in the Lyndale Garden Center but that property has a difficult owner. She added other commercial sites in the City have recently been purchased without TIF assistance. Council Member Wroge suggested more financial negotiating be done. end. Mr. McNellis stated they have done other projects like this and the financial risk is on their M/Wroge, S/Goettel that the following resolution be adopted and that it be made part of these minutes: RESOLUTION NO. 10348 RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL ON THE PROPOSED ADOPTION OF A MODIFICATION TO THE REDEVELOPMENT PLAN FOR RICHFIELD REDEVELOPMENT PROJECT AREA; AND THE PROPOSED ESTABLISHMENT OF THE 2010-1 HOUSING TAX INCREMENT FINANCING DISTRICT, AND THE ADOPTION OF A TAX INCREMENT FINANCING PLAN THEREFORE Motion carried 5-0. This resolution appears as Resolution No. 10348. Item #7 CONSIDERATION OF SELECTION OF RAILING TYPE FOR INSTALLATION ON PORTLAND AVENUE BRIDGE OVER TRUNK HIGHWAY 62 AS PART OF MN/DOT 2010 REHABILITATION PROJECT S.R. NO. 42 Council Member Fitzhenry presented Staff Report No. 42. Council Member Fitzhenry clarified Mn/DOT will pay the cost difference if an upgrade is selected. The City Council selected the Lyndale Avenue over 1-494 bridge railing. M/Fitzhenry, S/Sandahl to approve selection of railing type for installation on Portland Avenue bridge over trunk Highway 62 as part of Mn/DOT 2010 rehabilitation project. Motion carried 5-0. Item #8 CONSIDERATION OF PURCHASE OF INJECTION EQUIPMENT AND CHEMICALS FROM JRK SEED TO INITIATE TREE INJECTION PROGRAM TO PREVENT SPREAD OF OAK TREE DISEASE (TWO LINED CHESTNUT BORER) IN AUGSBURG PARK FOR APPROXIMATE AMOUNT OF $21,000 S.R. NO. 43 Mayor Goettel presented Staff Report No. 43. Public Works Director Eastling made a presentation, "Combating Tree Disease." Council Meeting Minutes -6- March 9, 2010 Chris Link, Street Maintenance Supervisor, discussed the guidelines for diagnosing private and public trees. Public Works Director Eastling explained the inoculation/removal timeline. M/Goettel, S/Sandahl to approve purchase of iniectioi Seed to initiate tree infection program to prevent spread of o, Borer) in Augsburq Park for approximate amount of $21,000. Motion carried 5-0. Item #9 CONSIDERATION OF RESOLUTION ADOPTING EMERALD ASH BORER REMOVAL/TREATMENT POLICY S.R. NO. 44 Council Member Elliott presented Staff Report No. 44. Public Works Director Eastling explained the inoculation of private trees is not offered by the City but a list of professional service providers is given. Financial assistance similar to Dutch Elm Disease is an option. Public Works Director Eastling discussed the role of the Community Services Commission in establishing criteria for the inoculation process. The recommended criteria would be presented to the City Council for their consideration. M/Elliott, S/Goettel that the following resolution be adopted and that it be made part of these minutes: RESOLUTION NO. 10349 RESOLUTION AUTHORIZING THE CITY OF RICHFIELD TO ADOPT THE FOLLOWING POLICY FOR THE REMOVAL AND TREATMENT OF ASH TREES INFECTED WITH EMERALD ASH BORER Motion carried 5-0. This resolution appears as Resolution No. 10349. Item #10 CITY MANAGER'S REPORT City Manager Devich discussed the Metropolitan Council meeting regarding the Richfield- Edina Interceptor Project. Item #11 CLAIMS AND PAYROLL M/Wroge, S/Sandahl that the following claims and payrolls be approved: Council Meeting Minutes -7- March 9, 2010 U.S. BANK 03-09-10 A/P Checks: 192791 - 193018 PAYROLL 64810 -65125 $ 1,613,189.85 $ 525,249.37 TOTAL Motion carried 5-0. OPEN FORUM None. ADJOURNMENT $ 2,138,439.12 The City Council meeting was adjourned by unanimous consent at 8:40 p.m. Date Approved: Cheryl Krumholz Recording Secretary Debbie Goettel Mayor Steven L. Devich City Manager AGENDA SECTION: CONSENT AGENDA ITEM # 5A REPORT # 45 STAFF REPORT CITY COUNCIL MEETING MARCH 23, 2010 REPORT PREPARED BY: DEPARTMENT DIRECTOR REVIEW: REVIEWED BY CITY MANAGER: CHRIS REGIS, FINANCE MANAGER N"E, PYLE ITEM FOR COUNCIL CONSIDERATION: Consideration of a resolution providing for the sale of $1,535,000 General Obligation, Series 2010A. 1. RECOMMENDED ACTION: By Motion: Approve the attached resolution providing for the sale of $1,535,000 General Obligation Bonds, Series 2010A. II. BACKGROUND The City is accomplishing two purposes in the proposed issuance of the $1,535,000 General Obligation Bonds, Series 2010A: The first purpose of the 2010A bonds will use $1,345,000 of the par value to provide funding for the purchase of rolling stock and technology equipment for years 2010 and 2011. The City most recently issued G.O. Capital Notes in 2008 for equipment purchases in 2009. • Prior to the imposition of state imposed levy limits, the City has funded equipment purchases through its General tax levy. This was done to save the City the cost of issuing bonds. However, with levy limits this option is no longer available. Therefore, the use bonding is now part of the budget process and the funding of equipment purchases. • The debt service of this portion of the 2010A bonds will be supported through a debt service tax levy over a four year period. • The second purpose will be the use of $190,000 of the par value for the purpose of paving the remaining alleys within the City that require paving. Paving the 0323GOBondCal l ForSale remaining alleys will fulfill the City policy established in 1981 that dictated the improvement of the City's alleys by concrete paving. • At that time, it was also recommended that alleys with questionable futures (alleys that fell within project areas) be excluded from the final paving project until plans for adjacent projects were finalized. The projects under consideration at the time included the 1-35W/Crosstown Reconstruction, Lyndale-Hub-Nicollet Redevelopment, and Cedar Avenue. Due to the construction of the Cedar Point Commons, City Bella and the 1-35W/Crosstown project, the future of the alleys in question is now known. • Currently there are five (5) alleys in north Richfield adjacent to 1-35W that are yet to be paved. It has been City policy to assess the adjacent property owners for the cost of the alley paving. Since the alleys are abutting public property (1-35W) the City will be responsible for covering half the cost of the alley project. • Accordingly, the $190,000 of par value of the 2010A bonds will be funded equally by a debt service tax levy and the levying of special assessments against the benefited property owners. III. BASIS OF RECOMMENDATION A. POLICY • The issuance of Series 2010A is the fourth instance of debt being issued to fund the purchase of rolling stock and technology equipment. • It has been the City's policy to pave all alleys with concrete and subsequently assess the benefited property owners for the cost of the project. B. CRITICAL TIMING ISSUES • The issuance of 2010A bonds is the only funding source for the equipment purchases budgeted for 2010 and planned for 2011. • The alley paving project is planned for 2010. C. FINANCIAL • Total Estimated Equipment purchases of 2010 and 2011 will be $1,307,210 and the purchases will be funded entirely by the $1,345,000 par value of the bonds. • The equipment portion of the 2010A bonds will be financed by tax levies in 2010, 2011, 2012 and 2013. • The tax levy amounts will be an estimated $386,560 in 2010, $356,696 in 2011, $357,680 in 2012, and $357,906 in 2013. Equipment to be purchased is as follows: 2010 2011 Estimated Estimated Description Cost Cost Total 1 - Fire Pumper $350,000 $ - $350,000 1 - Jaws of Life 25,000 - 25,000 2 - Mid Size Sedans 44,000 - 44,000 4 - Full Size Police Squads 115,000 - 115,000 3 - Full Size Police Squads - 90,000 90,000 2 - Dump Trucks - 320,000 320,000 4 -150 Tact Kettle Black Top Trailer - 6,000 6,000 1 - BE-5 Trailer 5 - %2 Ton Pickup 1 - Toro Z Mower Network Switches & Servers PCs & Laptops Presentation Equipment Printers, Copiers, & Scanners Fiber & WiFi Network Equipment Expansion of VoIP Phone System Total - 6,000 6,000 - 32,000 32,000 - 16,000 16,000 22,500 37,090 59,590 66,960 52,050 119,010 2,690 3,370 6,060 9,500 62,360 71,860 18,360 820 19,180 11,820 15,690 27,510 $665,830 $641,380 $1,307,210 • The estimated cost of the alley paving project is $180,000. • The project will be funded through the par value amount of $190,000 of the 2010A bonds. • The debt service on the bonds will be paid from a combination of a debt service tax levy and a special assessment levied against benefited property owners. The split will be 50% debt service tax levy and 50% special assessment. • The debt service tax levy for the Alley Paving portion of the 2010A bonds will be over a ten year period and average approximately $11,900 per year. D. LEGAL • Legal counsel has reviewed the Pre-Sale report and the attached resolution. E. ENVIRONMENTAL CONSIDERATIONS • N/A IV. ALTERNATIVE RECOMMENDATION(S) • None. V. ATTACHMENTS • Resolution VI. PRINCIPAL PARTIES EXPECTED AT MEETING • Rebecca Kurtz, Ehlers & Associates, Inc. • Jon North, Ehlers & Associates 5A-1 RESOLUTION NO. RESOLUTION PROVIDING FOR THE SALE OF $1,535,,000 GENERAL OBLIGATION BONDS, SERIES 2010A WHEREAS, the City Council of the City of Richfield, Minnesota, has heretofore determined that it is necessary and expedient to issue the City's $1,535,000 General Obligation Bonds, Series 2010A (the "Bonds"), to finance various equipment purchases and alley pavement improvements in the City; and WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its independent financial advisor for the Bonds and is therefore authorized to solicit proposals in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9); NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, Minnesota, as follows: 1. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals for the sale of the Bonds. 2. Meeting; Proposal Opening. The City Council shall meet at 7:00 pm on April 27, 2010, for the purpose of considering sealed proposals for and awarding the sale of the Bonds. 3. Official Statement. In connection with said sale, the officers or employees of the City are hereby authorized to cooperate with Ehlers and participate in the preparation of an official statement for the Bonds and to execute and deliver it on behalf of the City upon its completion. Adopted by the City Council of the City of Richfield, Minnesota this 23rd day of March, 2010. Debbie Goettel, Mayor ATTEST: Nancy Gibbs, City Clerk 54-?' Debt Issuance Services E EHLERS LEADERS IN PUBLIC FINANCE March 23, 2010 Pre-Sale Report for $1,535,000 General Obligation Bonds, Series 2010A City of Richfield, Minnesota mmadd www.ehiers-inc.com Minnesota phone 651-697-8500 3060 Centre Pointe Drive Offices also in Wisconsin and Illinois fax 651-697-8555 Roseville, MN 5511:3-1122 5?-3 Debt Issuance Services Details of Proposed Debt Proposed Issue: $1,535,000 General Obligation Bonds, Series 2010A Purpose: Two purposes are contemplated in the 2010A Bonds. 1. Funding of approximately $1,345,000 for various equipment acquisitions. 2. $190,000 of proceeds will help finance alley improvements, which will be special assessed. The specific allocation of costs for each project is attached to this report. Authority: The Bonds are being issued pursuant to Minnesota Statues, Chapter 475, and sections 410.32 and 412.301, as well as 429. The Equipment Certificates are being issued pursuant to Minnesota Statutes, 410.32 and 412.301. If the amount of equipment certificates issued is more than .25% of the taxable market value, a public hearing and reverse referendum must be held. Because the City assessing at least 20% of the project costs for Purpose #2 (the Alley Improvements), the Bonds can be a general obligation without a referendum and will not count against the City's debt limit. The City has held the required public hearings and is under the maximum amount of debt limit proscribed in each statutory authority. Funding Source(s): For the Equipment Certificates portion of the Bonds, it is the intent of the City to levy property taxes to support 105% of the debt service beginning with taxes payable in 2011. The City will special assess for the Alley Improvement projects. However, the special assessments are over a 20 year term, while the bonds are structured over a 10 year term. The City's PIR fund will be used to support the first 10 years of debt service, with special assessments repaying the PIR fund in the latter years. The tax impact for the Bonds is found in the attached document. Risk Factors: We have not assumed any pre-paid special assessments. This could reduce the amount of PIR bridge financing. Arbitrage Monitoring: The IRS is becoming more active in surveying municipal issuers. IRS 0 Presale Report October 8„ 20019 Page 2 50 Debt Issuance Services rules regarding the amount of interest that the City may earn on bond proceeds must be taken into consideration. If the City spends the bond proceeds within 24 months according to specific percentages each six months, interest earned on the proceeds above the bond interest rate does not need to be rebated or repaid. The excess interest earnings are known as arbitrage. The City will also need to keep its debt service funds within IRS parameters to avoid penalties for carrying too high of a balance during the life of the issue. Rating: The City currently carries a Moody's Investor Service "Aa3" credit rating on its outstanding bonds. We have discussed with staff the option of switching to an alternative rating agency, Standard & Poor's, to rate the current Bonds. Our experience in the past year is that Standard & Poor's views local government ratings differently than Moody's which may lead to an increase in the City's rating. Higher ratings mean lower interest costs. The fees for the two different ratings agencies are comparable and the marketplace does not appear to price one rating agency differently from the other. Bank Qualification: Because the City is issuing less than $30,000,000 in the calendar year, the City will be able to designate the Bonds as "bank qualified" obligations. Bank qualified status broadens the market for the Bonds, which can result in lower interest rates. Today the spread between bank qualified and non- bank qualified rates is minimal. Term/Call Feature: The 2010A Bonds are being issued for a 10-year period. Interest is payable each six months beginning February 1, 2011. Principal on the 2010A Bonds will be due on February 1 in the years 2011 through 2021. The 2010A Bonds maturing February 1, 2016, and thereafter will be subject to prepayment at the discretion of the City on February 1, 2015. Other We will continue to monitor the market and the call dates for the City and Considerations: will alert you to any future refunding opportunities. 40 Presale Report October 8, 2009 Page 3 5A -5 Debt Issuance Services Proposed Debt Issuance Schedule Pre-Sale Review by Council: March 23, 2010 Distribute Official Statement: Week of April 6 Conference with Rating Agency: Week of April 13 City Council Meeting to Award Sale of the Bonds: April 27, 2010 Estimated Closing Date: June 1, 2010 Attachments Sources and Uses of Funds Proposed Debt Service Schedule Bond Buyer Index Resolution Authorizing Ehlers to Proceed With Bond Sale Ehlers Contacts: Financial Advisors: Rebecca Kurtz (651) 697-8516 Jon North (651) 697-8545 Bond Analysts: Diana Lockard (651) 697-8534 Debbie Holmes (651) 697-8536 Bond Sale Coordinator: Alicia Aulwes (651) 697-8523 The Official Statement for this financing will be mailed to the Council Members at their home address for review prior to the sale date. 0 Presale Report October 8, 2009 Page 4 STAFF REPORT AGENDA SECTION: AGENDA ITEM # REPORT # CITY COUNCIL MEETING MARCH 23, 2010 CONSENT 5B 46 REPORT PREPARED BY: CHRIS REGIS, FINANCE MANAGER DEPARTMENT DIRECTOR REVIEW: REVIEWED BY CITY MANAGER: NAME, TITLE ITEM FOR COUNCIL CONSIDERATION: Consideration of a resolution authorizing the issuance of Variable Rate Demand Multifamily Housing Revenue Refunding Bonds, Series 2010 and Variable Rate Multifamily Housing Revenue Notes, Series 2010. RECOMMENDED ACTION: By Motion: Approve a resolution authorizing the refunding of Variable Rate Demand Multifamily Housing Revenue Bonds, Series 2007, with the issuance of Variable Rate Demand Multifamily Housing Refunding Revenue Bonds, Series 2010 and Multifamily Housing Refunding Revenue Notes. Series 2010 pursuant to Minnesota Statutes 462C. II. BACKGROUND In May 2007, the City Council authorized the issuance of Variable Rate Demand Multifamily Housing Bonds on behalf of Lynwood Partners, LLC (the "Borrower") in the original aggregate principal amount of $15,445,000. The financing provided funding for the acquisition and rehabilitation of Gateway Pointe, a 306 unit multifamily rental housing development located at 7437 Lyndale Avenue South. 0323Lynwood The proceeds derived from the sale of the Series 2007 Bonds were loaned to the Borrower pursuant to the terms of a Loan Agreement, dated as of May 22, 2007 (the "Loan Agreement"), between the City and the Borrower. As was the case with the 2007 issuance, the proceeds derived from the sale of the Series 2010 bonds are proposed to be loaned to the Borrower pursuant to the terms of a Loan Agreement, dated April 1, 2010, between the City and the Borrower. Also, the proceeds derived from the sale of the Series 2010 Notes are proposed to be loaned to the Borrower pursuant to the terms of a Note Agreement between the City and the Borrower Finally, the proceeds of the loans made to the Borrower under the Loan Agreement and the Note Agreement will be applied by the Borrower, together with equity funds of the Borrower, to the redemption and prepayment of the Series 2007 Bonds. As a condition to the consideration of the issuance of such Series 2010 Bonds, the City requires that the Borrower submit an application to the City with respect to the proposed Refunding Bonds and Notes. III. BASIS OF RECOMMENDATION A. POLICY • Under Minnesota Statutes, Chapter 462C the City of Richfield has authority to issue revenue bonds. • The Borrower has submitted an Application for Tax Exempt Bond Financing to the City with respect to the proposed Refunding Bonds. B. CRITICAL TIMING ISSUES • The issuance of these bonds will not count against the City's annual allotment of Bank Qualified Debt. C. FINANCIAL • The, amount of the refunding will total $15,235 million. The refunding issue will consist of the following estimated amounts: Refunding Bonds $12,800,000 Refunding Notes 2,000,000 Cash (From Borrower) 435,000 $15,235,000 The bond and refunding note values stated in the resolution differ from what is listed above. The amounts in the resolution are maximum amounts only and are set at such amounts because the Borrower and Wells Fargo Bank are still in negotiations regarding 0323Lynwood the size of the letter of credit that will be issued to secure the bonds. Once this amount is determined, then the respective principal amounts of the bonds, refunding notes and the equity contribution by the Borrower will be determined. • The Borrower will pay all costs of issuance and other costs of the financing out of Borrower equity funds. • The bonds and notes will be issued in the City's name, but will not be a charge against the City's general credit or taxing powers. The City will act as a conduit for the financing of the project. It does not create any financial liability to the City. • The City is to be reimbursed and held harmless for and from any out-of-pocket expenses related to the tax exempt financing, including, but not limited to, legal fees, financial analyst fees, bond counsel fees, staff costs, and any deposits or application fees required under state law in order to secure allocation of bonding authority. • The applicant will be charged a non refundable application fee of $2,500 and an annual administrative fee in the amount of 1/8th of 1 % (.125%) of the outstanding principal balance of the bonds and notes. The amount received for 2010 would be approximately $18,500. D. LEGAL • Kennedy & Graven will serve as bond counsel for the issue. E. ENVIRONMENTAL CONSIDERATIONS • N/A - IV. ALTERNATIVE RECOMMENDATION(S) • Forgo approving the attached resolution and not proceed with the issuance of the private activity refunding revenue bonds and notes. V. ATTACHMENTS • Resolution. VI. PRINCIPAL PARTIES EXPECTED AT MEETING • John Utley, Kennedy & Graven, Chartered • Representative from Lynwood Partners 0323Lynwood 59-1 RESOLUTION NO. AUTHORIZING THE ISSUANCE, SALE, AND DELIVERY OF ITS VARIABLE RATE DEMAND MULTIFAMILY HOUSING REFUNDING REVENUE BONDS (LYNWOOD PARTNERS, LLC PROJECT), SERIES 2010, AND ITS SUBORDINATE MULTIFAMILY HOUSING REFUNDING REVENUE NOTES (LYNWOOD PARTNERS, LLC PROJECT), SERIES 2010; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF THE BONDS, THE SUBORDINATE NOTES, AND RELATED DOCUMENTS; PROVIDING FOR THE SECURITY, RIGHTS, AND REMEDIES WITH RESPECT TO THE BONDS AND THE SUBORDINATE NOTES; AND GRANTING APPROVAL FOR CERTAIN OTHER ACTIONS WITH RESPECT THERETO WHEREAS, the City of Richfield, Minnesota (the "City"), is a home rule city and political subdivision of the State of Minnesota; and WHEREAS, pursuant to Minnesota Statutes, Chapter 462C, as amended (the "Act"), the City is authorized to carry out the public purposes described in the Act by issuing revenue bonds or other revenue obligations to finance or refinance multifamily housing developments located within the City, and as a condition to the issuance of such revenue bonds or other revenue obligations, adopt a housing program providing the information required by Section 462C.03, subdivision 1 a, of the Act; and WHEREAS, in the issuance of the City's revenue bonds and other revenue obligations and in the making of a loan to finance a multifamily housing development the City may exercise, within its corporate limits, any of the powers that the Minnesota Housing Finance Agency may exercise under Minnesota Statutes, Chapter 462A, as amended, without limitation under the provisions of Minnesota Statutes, Chapter 475, as amended, including the power to issue refunding obligations and to apply the proceeds derived from the sale of the refunding obligations to redeem and prepay the bonds or other obligations to be refunded; and WHEREAS, the City prepared a housing program (the "Housing Program" or "Program") to authorize the issuance by the City of revenue bonds in the principal amount of approximately $16,000,000 to finance the acquisition and renovation by Lynwood Partners, LLC, a Minnesota limited liability company (the "Borrower"), of a multifamily housing development in the City; and WHEREAS, the Housing Program was prepared and submitted to the Metropolitan Council for its review and on March 19, 2007, the City received correspondence from the Metropolitan Council acknowledging receipt of the Housing Program and providing its comments with respect to the Housing Program and the Project; and WHEREAS, a notice of public hearing (the "Public Notice") was published in the Richfield Sun Current, the official newspaper of the City and a newspaper of general circulation in the City, with respect to: (i) the required public hearing under Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"); (ii) the required public hearing under Section 462C.04, subdivision 2, of the Act; (iii) the Housing Program; and (iv) approval of the issuance of the Prior Bonds, as hereinafter defined; and $e-2 WHEREAS, the Public Notice was published at least fifteen (15) days before the regularly- scheduled meeting of the City Council of the City and on April 24, 2007, the City Council conducted a public hearing at which a reasonable opportunity was provided for interested individuals to express their views, both orally and in writing, on (i) the Housing Program, (ii) the proposed issuance of the Prior Bonds, in the approximate aggregate principal amount of $16,000,000, and (iii) the location and nature of the Project (as hereinafter defined); and WHEREAS, pursuant to Resolution No. 9922, adopted on April 24, 2007, the City Council of the City approved the Housing Program and provided preliminary approval for the sale and issuance of the Bonds, in the approximate aggregate principal amount of $16,000,000; and WHEREAS, pursuant to Resolution No. 9931 adopted on May 8, 2007, the City Council of the City authorized the issuance of its Variable Rate Demand Multifamily Housing Revenue Bonds (Lynwood Partners, LLC Project), Series 2007 (the "Prior Bonds"), in the original aggregate principal amount of $15,445,000, pursuant to the terms of an Indenture of Trust, dated as of May 1, 2007 (the "Prior Indenture"), between the City and U.S. Bank National Association, as trustee (the "Trustee"); and WHEREAS, the proceeds derived from the sale of the Prior Bonds were applied to make a loan (the "Prior Loan") by the City to the Borrower pursuant to the terms of a Loan Agreement, dated as of May 1, 2007 (the "Prior Loan Agreement"), between the City and the Borrower; and WHEREAS, the Borrower applied the proceeds of the Prior Loan to finance the following: (i) the acquisition and renovation of a 306-unit residential rental multifamily housing development, comprised of nine buildings located at 7437 Lyndale Avenue South in the City (the "Project'); and (ii) the payment of certain costs related to the issuance of the Prior Bonds; and WHEREAS, the Project was designed and intended to be used primarily for rental to and occupancy by persons and families of low and moderate income; and WHEREAS, the Borrower has requested that the City issue, sell, and deliver its: (i) Variable Rate Demand Multifamily Housing Refunding Revenue Bonds (Lynwood Partners, LLC Project), Series 2010 (the "Bonds"), in the original aggregate principal amount not to exceed $12,800,000; and (ii) Subordinate Multifamily Housing Refunding Revenue Notes (Lynwood Partners, LLC Project), Series 2010 (the "Subordinate Notes"), in the original aggregate principal amount not to exceed $4,000,000; and WHEREAS, the proceeds derived from the sale of the Bonds will be applied to make a loan (the "Loan") by the City to the Borrower pursuant to the terms of a Loan Agreement, dated on or after April 1, 2010 (the "Loan Agreement"), between the City and the Borrower, whereby the City will apply the proceeds derived from the Loan to the redemption and prepayment of a portion of the Prior Bonds; and WHEREAS, the Bonds will be issued pursuant to this resolution and an Indenture of Trust, dated on or after April 1, 2010 (the "Indenture"), between the City and the Trustee, and the Bonds and the interest on the Bonds: (i) shall be payable solely from the revenues pledged therefor under the Loan Agreement; (ii) shall not constitute a debt of the City within the meaning of any constitutional or statutory limitation; (iii) shall not constitute nor give rise to a pecuniary liability of the City or a charge against its general credit or taxing powers; (iv) shall not constitute a charge, lien, or encumbrance, legal or equitable, upon any property of the City other than the City's interest in the Loan Agreement; and (v) shall not constitute a general or moral obligation of the City; and 2 58-3 WHEREAS, the Borrower has requested that the Subordinate Notes be issued by the City as obligations subordinate in priority, payment, and security to the Bonds; and WHEREAS, the proceeds derived from the sale of the Subordinate Notes will be loaned to the Borrower pursuant to the terms of a Subordinate Note Agreement, dated on or after April 1, 2010 (the "Note Agreement"), between the City and the Borrower, whereby the City will apply the proceeds derived from the sale of the Subordinate Notes to the redemption and prepayment of a portion of the Prior Bonds; and WHEREAS, the Subordinate Notes will be issued pursuant to this resolution and the Subordinate Notes and the interest on the Subordinate Notes: (i) shall be payable solely from the revenues pledged therefor under the Note Agreement; (ii) shall not constitute a debt of the City within the meaning of any constitutional or statutory limitation; (iii) shall not constitute nor give rise to a pecuniary liability of the City or a charge against its general credit or taxing powers; (iv) shall not constitute a charge, lien, or encumbrance, legal or equitable, upon any property of the City other than the City's interest in the Note Agreement; and (v) shall not constitute a general or moral obligation of the City; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RICHFIELD, MINNESOTA, AS FOLLOWS: 1. The City acknowledges, finds, determines, and declares that the issuance of the Bonds and the Subordinate Notes is authorized by the Act and is consistent with the purposes of the Act and that the issuance of the Bonds and the Subordinate Notes, and the other actions of the City under the Indenture, the Loan Agreement, the Note Agreement, and this resolution constitute a public purpose and are in the interests of the City. In authorizing the issuance of the Bonds and the Subordinate Notes for the refinancing of the Project and related costs, the City's purpose is and the effect thereof will be to promote the public welfare of the City and its residents by providing multifamily housing developments for low or moderate income residents of the City and otherwise furthering the purposes and policies of the Act. 2. For the purposes set forth above, there is hereby authorized the issuance, sale, and delivery of the Bonds in one or more series in the maximum aggregate principal amount not to exceed $12,800,000. The Bonds shall bear interest at the rates, shall be designated, shall be numbered, shall be dated, shall mature, shall be in the aggregate principal amount, shall be subject to redemption prior to maturity, shall be in such form, and shall have such other terms, details, and provisions as are prescribed in the Indenture, in the form now on file with the City, with the amendments referenced herein. The City hereby authorizes the Bonds to be issued, in whole or in part, as "tax-exempt bonds," the interest on which is not includable in gross income for federal and State of Minnesota income tax purposes. All of the provisions of the Bonds, when executed as authorized herein, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein and shall be in full force and effect from the date of execution and delivery thereof. The Bonds shall be substantially in the form in the Indenture on file with the City, which form is hereby approved, with such necessary and appropriate variations, omissions, and insertions (including changes to the aggregate principal amount of the Bonds, the stated maturities of the Bonds, the interest rates on the Bonds and the terms of redemption of the Bonds) as the Mayor and the City Manager, in their discretion, shall determine. The execution of the Bonds with the manual or facsimile signature of the Mayor and the City Manager and the delivery of the Bonds by the City shall be conclusive evidence of such determination. 3. For the purposes set forth above, there is hereby authorized the issuance, sale, and delivery of the Subordinate Notes in one or more series in the maximum aggregate principal amount not to exceed $4,000,000. The Subordinate Notes shall bear interest at the rates, shall be designated, shall be 3 Sly-q numbered, shall be dated, shall mature, shall be in the aggregate principal amount, shall be subject to redemption prior to maturity, shall be in such form, and shall have such other terms, details, and provisions as are prescribed in the Subordinate Notes, in the form now on file with the City, with the amendments referenced herein. The City hereby authorizes the Subordinate Notes to be issued, in whole or in part, as "tax-exempt bonds," the interest on which is not includable in gross income for federal and State of Minnesota income tax purposes. All of the provisions of the Subordinate Notes, when executed as authorized herein, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein and shall be in full force and effect from the date of execution and delivery thereof. The form of the Subordinate Notes now on file with the City is hereby approved, with such necessary and appropriate variations, omissions, and insertions (including changes to the aggregate principal amount of the Subordinate Notes, the stated maturities of the Subordinate Notes, the interest rates on the Subordinate Notes and the terms of redemption of the Subordinate Notes) as the Mayor and the City Manager, in their discretion, shall determine. The execution of the Subordinate Notes with the manual or facsimile signature of the Mayor and the City Manager and the delivery of the Subordinate Notes by the City shall be conclusive evidence of such determination. 4. The Bonds shall be special, limited obligations of the City payable solely from the revenues provided by the Borrower pursuant to the Loan Agreement and other funds pledged pursuant to the Indenture and from payments made pursuant to an Irrevocable Letter of Credit, dated on or after April 1, 2010 (the "Letter of Credit'), issued by Wells Fargo Bank, National Association, a national banking association (the "Bank"), pursuant to the terms of a Reimbursement Agreement, dated on or after April 1, 2010 (the "Reimbursement Agreement"), between the Borrower and the Bank. The City Council of the City hereby authorizes and directs the Mayor and the City Manager to execute the Indenture, and to deliver the Indenture to said Trustee, and hereby authorizes and directs the execution of the Bonds in accordance with the terms of the Indenture, and hereby provides that the Indenture shall provide the terms and conditions, covenants, rights, obligations, duties, and agreements of the owners of the Bonds, the City and the Trustee as set forth therein. All of the provisions of the Indenture, when executed as authorized herein, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein and shall be in full force and effect from the date of execution and delivery thereof. The Indenture shall be substantially in the form on file with the City, which is hereby approved, with such necessary and appropriate variations, omissions and insertions as do not materially change the substance thereof, and as the Mayor and the City Manager, in their discretion, shall determine, and the execution thereof by the Mayor and the City Manager shall be conclusive evidence of such determination. 5. The Mayor and the City Manager are hereby authorized and directed to execute and deliver the Loan Agreement and the Bond Purchase Agreement, dated on or after April 1, 2010 (the "Bond Purchase Agreement"), between Dougherty & Company LLC (the "Underwriter"), the City, and the Borrower. All of the provisions of the Loan Agreement and Bond Purchase Agreement, when executed and delivered as authorized herein, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein and shall be in full force and effect from the date of execution and delivery thereof. The Loan Agreement and Bond Purchase Agreement shall be substantially in the forms on file with the City which are hereby approved, with such omissions and insertions as do not materially change the substance thereof, and as the Mayor and the City Manager, in their discretion, shall determine, and the execution thereof by the Mayor and the City Manager shall be conclusive evidence of such determinations. 4 56 6. The Subordinate Notes shall be special, limited obligations of the City payable solely from the revenues provided by the Borrower pursuant to the Note Agreement. The City Council of the City hereby authorizes and directs the Mayor and the City Manager to execute the Subordinate Notes and hereby provides that the Subordinate Notes shall provide the terms and conditions, covenants, rights, obligations, duties, and agreements of the owners of the Subordinate Notes and the City as set forth therein. 7. The Mayor and the City Manager are hereby authorized and directed to execute and deliver the Note Agreement. All of the provisions of the Note Agreement, when executed and delivered as authorized herein, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein and shall be in full force and effect from the date of execution and delivery thereof. The Note Agreement shall be substantially in the form on file with the City which is hereby approved, with such omissions and insertions as do not materially change the substance thereof, and as the Mayor and the City Manager, in their discretion, shall determine, and the execution thereof by the Mayor and the City Manager shall be conclusive evidence of such determinations. 8. To ensure compliance with certain rental and occupancy restrictions imposed by the Act and Section 142(d) of the Internal Revenue Code of 1986, as amended (the "Code"), and to ensure compliance with certain restrictions imposed by the City, a Regulatory Agreement, dated as of May 1, 2007 (the "Original Regulatory Agreement"), was executed by the City, the Borrower, and the Trustee, and delivered in conjunction with the issuance of the Prior Bonds. To ensure continuing compliance with such restrictions, the Mayor and City Manager are hereby authorized and directed to execute and deliver a First Amendment to Regulatory Agreement, dated on or after April 1, 2010 (the "First Amendment to Regulatory Agreement"), between the City, the Borrower, and the Trustee. All of the provisions of the First Amendment to Regulatory Agreement, when executed and delivered as authorized herein, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein and shall be in full force and effect from the date of execution and delivery thereof. The First Amendment to Regulatory Agreement shall be substantially in the form on file with the City which is hereby approved, with such omissions and insertions as do not materially change the substance thereof, or as the Mayor and the City Manager, in their discretion, shall determine, and the execution thereof by the Mayor and the City Manager shall be conclusive evidence of such determination. 9. The Bonds shall be special, limited revenue obligations of the City, the proceeds of which shall be disbursed pursuant to the terms of the Indenture and the Loan Agreement, and the principal, premium, and interest on the Bonds shall be payable solely from the revenues derived from the Loan Agreement and the other sources set forth in the Indenture. The Subordinate Notes shall be special, limited revenue obligations of the City, the proceeds of which shall be disbursed pursuant to the terms of the Note Agreement, and the principal, premium, and interest on the Subordinate Notes shall be payable solely from the revenues derived from the Note Agreement. 10. The Trustee is hereby appointed as Paying Agent and Bond Registrar for the Bonds. 11. The Mayor and the City Manager are hereby authorized to execute and deliver, on behalf of the City, such other documents and certificates as are necessary or appropriate in connection with the issuance, sale, and delivery of the Bonds and the Subordinate Notes, including an assignment to the Bank of the mortgage granted by the Borrower to the City to secure the Bonds, various certificates of the City, an Information Return for Tax-Exempt Private Activity Bond Issues, Form 8038, with respect to the Bonds and the Subordinate Notes, a certificate as to arbitrage and rebate, and similar documents, and all other documents and certificates as shall be necessary and appropriate in connection with the issuance, sale, and delivery of the Bonds and the Subordinate Notes. The City hereby approves the execution and delivery by the Trustee of the Indenture and all other instruments, certificates, and documents prepared in J 6 conjunction with the issuance of the Bonds that require execution by the Trustee. The City hereby authorizes Kennedy & Graven, Chartered, as bond counsel to prepare, execute, and deliver its approving legal opinions with respect to the Bonds and the Subordinate Notes. 12. The City will not participate in the preparation of an Official Statement relating to the offer and sale of the Bonds (the "Official Statement"), and will make no independent investigation with respect to the information contained therein, including the appendices thereto, and the City assumes no responsibility for the sufficiency, accuracy, or completeness of such information (except for the limited information with regard to the City that may be included therein). Subject to the foregoing, the City hereby consents to the distribution and the use by the Underwriter of the Official Statement in connection with the offer and sale of the Bonds. The Official Statement is the sole material consented to by the City for use in connection with the offer and sale of the Bonds. 13. On any date subsequent to the date of issuance of the Bonds and the Subordinate Notes, the Mayor and the City Manager are hereby authorized to execute and deliver any amendments or supplements to any of the documents referred to in this resolution if, after review by bond counsel, the Mayor and the City Manager determine that the execution and delivery of such amendment or supplement is in the interests of the City. The Mayor and the City Manager may impose any terms or conditions on their execution and delivery of any such amendment or supplement as the Mayor and the City Manager deem appropriate. 14. Except as otherwise provided in this resolution, all rights, powers, and privileges conferred and duties and liabilities imposed upon the City or the City Council by the provisions of this resolution or of the aforementioned documents shall be exercised or performed by the City or by such members of the City Council, or such officers, board, body or agency thereof as may be required or authorized by law to exercise such powers and to perform such duties. No covenant, stipulation, obligation, or agreement herein contained or contained in the aforementioned documents shall be deemed to be a covenant, stipulation, obligation, or agreement of any member of the City Council of the City, or any officer, agent, or employee of the City in that person's individual capacity, and neither the City Council of the City nor any officer or employee executing the Bonds or the Subordinate Notes shall be personally liable on the Bonds or the Subordinate Notes or be subject to any personal liability or accountability by reason of the issuance thereof. No provision, covenant, or agreement contained in the aforementioned documents, the Bonds, the Subordinate Notes, or in any other document relating to the Bonds or the Subordinate Notes, and no obligation therein or herein imposed upon the City or the breach thereof, shall constitute or give rise to a general or moral obligation of the City or any pecuniary liability of the City or any charge upon its general credit or taxing powers. In making the agreements, provisions, covenants, and representations set forth in such documents, the City has not obligated itself to pay or remit any funds or revenues, other than funds and revenues derived from the Loan Agreement and the Note Agreement which are to be applied to the payment of the Bonds and the Subordinate Notes, as provided therein. 15. Except as herein otherwise expressly provided, nothing in this resolution or in the aforementioned documents expressed or implied, is intended or shall be construed to confer upon any person or firm or corporation, other than the City, and any holders of the Bonds and the Subordinate Notes issued under the provisions of this resolution, any right, remedy or claim, legal or equitable, under and by reason of this resolution or any provisions hereof, this resolution, the aforementioned documents, and all of their provisions being intended to be and being for the sole and exclusive benefit of the City, and any holders from time to time of the Bonds and the Subordinate Notes issued under the provisions of this resolution. 6 '58-1 16. In case any one or more of the provisions of this resolution, other than the provisions contained in Sections 4, 6, and 9 hereof, or of the aforementioned documents, or of the Bonds and the Subordinate Notes issued hereunder shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provision of this resolution, or of the aforementioned documents, or of the Bonds and the Subordinate Notes, but this resolution, the aforementioned documents, and the Bonds and the Subordinate Notes shall be construed and endorsed as if such illegal or invalid provisions had not been contained therein. 17. The Bonds, when executed and delivered, shall contain a recital that they are issued pursuant to the Act, and such recital shall be conclusive evidence of the validity of the Bonds and the regularity of the issuance thereof, and that all acts, conditions, and things required by the laws of the State of Minnesota relating to the adoption of this resolution, to the issuance of the Bonds, and to the execution of the aforementioned documents to happen, exist, and be performed precedent to the execution of the aforementioned documents have happened, exist, and have been performed as so required by law. 18. The Subordinate Notes, when executed and delivered, shall contain a recital that they are issued pursuant to the Act, and such recital shall be conclusive evidence of the validity of the Subordinate Notes and the regularity of the issuance thereof, and that all acts, conditions, and things required by the laws of the State of Minnesota relating to the adoption of this resolution, to the issuance of the Subordinate Notes, and to the execution of the aforementioned documents to happen, exist, and be performed precedent to the execution of the aforementioned documents have happened, exist, and have been performed as so required by law. 19. The officers of the City, bond counsel, other attorneys, engineers, and other agents or employees of the City are hereby authorized to do all acts and things required of them by or in connection with this resolution, the aforementioned documents, and the Bonds and the Subordinate Notes, for the full, punctual, and complete performance of all the terms, covenants, and agreements contained in the Bonds, the Subordinate Notes, the aforementioned documents, and this resolution. If for any reason the Mayor or the City Manager is unable to execute and deliver the documents referred to in this Resolution, such documents may be executed by any member of the City Council or any officer of the City delegated the duties of the Mayor or the City Manager with the same force and effect as if such documents were executed and delivered by the Mayor or the City Manager. 20. The Borrower shall pay the administrative fee of the City on the date of issuance of the Bonds and the Subordinate Notes and on each anniversary of the date of issuance of the Bonds and the Subordinate Notes, in the amount of one-eighth of one percent (0.125%) of the outstanding principal amount of the Bonds and the Subordinate Notes as of each such payment date. The Borrower will also pay, or, upon demand, reimburse the City for payment of, any and all costs incurred by the City in connection with the Project and the issuance of the Bonds and the Subordinate Notes, whether or not the Bonds and the Subordinate Notes are issued, including any costs for attorneys' fees. 21. This Resolution shall be in full force and effect from and after its approval and publication. (The remainder of this page is intentionally left blank.) 7 564 Adopted by the City Council of the City of Richfield, Minnesota, on this March 23, 2010. CITY OF RICHFIELD, MINNESOTA Mayor City Manager Attest: City Clerk RC145-612 (JU) 365141v.3 AGENDA SECTION: CONSENT AGENDA ITEM # 5C REPORT # 47 pv-? STAFF REPORT CITY COUNCIL MEETING MARCH 23, 2010 REPORT PREPARED BY: / DEPARTMENT DIRECTOR REvIEw: REVIEWED BY CITY MANAGER: FRANCIE FLETCHER, H.R. COORDINATOR NAME, YULE ITEM FOR COUNCIL CONSIDERATION: Consideration of a resolution modifying the Health Care Savings Plan for the International Union of Operating Engineers, Local 49 Bargaining Unit Employees. 1. RECOMMENDED ACTION: By Motion: Adopt a resolution modifying a Health Care Savings Plan for eligible International Union of Operating Engineers (IUOE), Local 49 bargaining unit employees. II. BACKGROUND In 2001 the Minnesota legislature granted authority to the Minnesota State Retirement System (MSRS) to offer a post employment health care savings plan to eligible employees of the State of Minnesota and other governmental subdivisions. MSRS was authorized to administer these plans after they were adopted by governmental subdivisions throughout the state. A post employment health care savings plan is an employer-sponsored program that allows employees to save money to pay medical expenses and/or health insurance premiums after termination of public service. Employees are able to choose among different investment options provided by the State Board of Investment. Assets contributed into the program are tax-free, accumulate tax free, and if used for medical expenses, remain tax-free. Legal authority to establish such plans is provided through Minn. Stat. 352.98 and Internal Revenue Service rulings. The establishment of each plan, including the 0323HCSP contribution formula must be negotiated when dealing with a collective bargaining unit or personnel policy where non-union employees are involved. Once established, the plan must be filed with MSRS to initiate the program. Participation for each individual employee within a bargaining or employee group is mandatory once the plan is established for that respective group. Moreover, the amounts contributed for or by each employee in a particular group must be the same for every employee of the group. Contributed amounts between employee groups may vary, however. To date, General Services, Management, Patrol Officers and Detectives, Police Supervisory and IUOE, Local 49 employee groups have established a City- approved Pos Employment Health Care Savings Plan. The IUOE, Local 49 bargaining unit, which is comprised of approximately 39 members, has approved the attached modification to their plan based upon a majority vote by employees eligible to vote on the matter. III. BASIS OF RECOMMENDATION A. POLICY • The State Statutes have been amended to provide the opportunity for a very valuable benefit to City employees. The City of Richfield has made this benefit available to employee groups that are interested in such a mandatory plan. • Approval by the City Council of the resolution will provide the City authority to proceed with the modifications to this program for employees who are represented by a collective bargaining agreement through the IUOE, Local 49. B. CRITICAL TIMING ISSUES • There is no critical timing issue pertaining to the implementation of this plan. However, the IUOE, Local 49 bargaining unit has expressed a desire to implement the program effective April 1, 2010. • After City approval, this plan must be submitted to MSRS for their approval and filing. C. FINANCIAL - • There is no cost to the City in this version of the plan since the City makes no contribution. In fact, there is a cost savings to the City in that wages and severance pay that the employee contributes to the Health Care Savings Plan are not subject to Social Security or Medicare contributions. • The plan provides a great tax savings to the participating employees and provides a tax mechanism to fund post Employment medical costs. D. LEGAL • There is legal authority for this plan in the Minnesota Statutes and IRS Code. • A Letter of Agreement between the City of Richfield and IUOE, Local 49 provides the full local authorization for this plan. IV. ALTERNATIVE RECOMMENDATION( S? • The City Council could decide not to approve this plan or to pursue a change to the employee contribution limits proposed. However, if the City Council chooses to do so, this program must be renegotiated with the employee group, if there is still an interest to proceed. V. ATTACHMENTS • Resolution • IUOE, Local 49 Post Employment Health Care Savings Plan modified policy VI. PRINCIPAL PARTIES EXPECTED AT MEETING 0 None SC-I RESOLUTION NO. RESOLUTION APPROVING LETTER OF AGREEMENT BETWEEN THE CITY OF RICHFIELD AND INTERNATIONAL UNION OF OPERATING ENGINEERS, LOCAL 49 MODIFYING CURRENT POST EMPLOYMENT HEALTH CARE SAVINGS PLAN , WHEREAS, Laws of Minnesota 2001, chapter 352.98, authorizes the Minnesota State Retirement System (MSRS) to offer a Post Employment Health Care Savings Plan (Plan) program to state employees, as well as, other governmental subdivisions; and WHEREAS, the Internal Revenue Service Code provides for such Plans; and WHEREAS, the City of Richfield is interested in offering the Plan to eligible City employees as a tax free method for employees to set aside money to cover the ever increasing costs of health insurance and medical costs after termination of public employment; and WHEREAS, such plans must be established by the employee group, either through a collective bargaining agreement for union employees or a personnel policy for employees not covered by a collective bargaining agreement; and WHEREAS, the provisions of a Plan have been agreed upon by Labor and Trades employees, represented by IUOE, Local 49. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Richfield hereby approves the attached modification to the current Health Care Savings Plan for Labor and Trades employees represented by IUOE, Local 49 in the City of Richfield. Adopted by the City Council of the City of Richfield, Minnesota this 23rd day of March 2010. Debbie Goettel, Mayor ATTEST: Nancy Gibbs, City Clerk 5c- Policy: International Union of Operating Engineers, Local 49 Post Employment Health Care Savings Plan Approved by: Richfield City Council on March 23, 2010 Effective Date: April 1, 2010 Page: 1 of 1 Plan Purpose The City of Richfield is interested in establishing a means for eligible employees to participate in a mandatory program to help defray some of the costs of post employment health related expenses, including health insurance premiums using pre-tax dollars. Participation in the Post Employment Health Care Savings Plan, administered by the Minnesota State Retirement System (MSRS), is intended to provide an opportunity to accomplish that goal. Post Employment The Post Employment Health Care Savings Plan (HCSP) is an Health Care Employer sponsored program that allows eligible employees to: Savings Plan 1) defer payment of a portion of unused vacation and personal leave as a severance payment at the time of termination to pay for eligible health insurance premiums and/or health expenses after separation from City service: and 2) defer a portion of an Employee's biweekly salary for deposit into their HCSP for the payment of qualified healthcare related expenses after separation from City service. Employees will be able to choose among several different investment options provided by the Minnesota State Board of Investment. Under the Plan, amounts contributed into the HCSP are tax-free and not subject to FICA contributions. Assets in the HCSP will accumulate tax- free and since payouts are used for qualifying medical expenses, they will also remain tax-free. Eligibility to Participation in the IUOE, Local 49 HCSP is mandatory for all Participate employees that are members of the Richfield IUOE, Local 49 Pay Classification Plan at the time of termination of employment. Contribution Mandatory participation in the HCSP shall be in accordance with, and Formula limited to the following formulas for contributions: 1. Biweekly Contribution 1. An eligible Employee will contribute $25 of their base biweekly wage to the Employee's account in the IUOE, Local 49 HCSP. II. Severance Contribution 1. The first 40 hours of accumulated but unused Vacation Leave or Personal Leave or a combination thereof shall be paid as a credit to the Employee's account in the HCSP. 2. All severance payments based upon Vacation Leave and/or Personal Leave are calculated as described above, by multiplying the number of hours by the applicable rate of pay at the time of termination. 3. Contributions authorized under this Plan shall continue until such time as this policy is amended or repealed by the City of Richfield. 50 HCSP The HCSP is authorized under the Internal Revenue Code and is Administration administered by the Minnesota State Retirement System. AGENDA SECTION: CONSENT AGENDA ITEM # 5n REPORT # L.R M0- STAFF REPORT CITY COUNCIL MEETING MARCH 239 2010 REPORT PREPARED BY: KRISTIN ASHER, CITY ENGINEER NAME, TITLE DEPARTMENT DIRECTOR REVIEW: SIGNATURE REVIEWED BY CITY MANAGER: ITEM FOR COUNCIL CONSIDERATION: Consideration of a resolution restricting parking on 76th Street. 1. RECOMMENDED ACTION: By Motion: Adopt a resolution for "No Parking" on both sides of 76th Street between 11th and 12th Avenues. II. BACKGROUND In order to have the option of using Municipal State Aid funding for the reconstruction of 76th Street between 11th and 12th Avenues as part of the Metropolitan Council's Sewer Project, the City is required to adopt a resolution restricting parking in the construction limits of the project. The Metropolitan Council is funding the reconstruction of the remainder of the project. III. BASIS OF RECOMMENDATION A. POLICY • The City Council has directed staff to include the reconstruction of 76th Street between 11th and 12th Avenues in the Metropolitan Council's Sewer Project. B. CRITICAL TIMING ISSUES 0323201ONo Parking • The project has currently advertised for bids and construction will begin this summer. C. FINANCIAL • The cost of No Parking signs including installation will be about $400. D. LEGAL • The City has the authority to restrict parking on public streets. • The City Attorney will be available to answer questions. E. ENVIRONMENTAL CONSIDERATIONS • n/a IV. ALTERNATIVE RECOMMENDATION(S) The Council may choose not to adopt the "No Parking" Resolution at this time; however, the resolution is required to be eligible for MSA funding. V. ATTACMAENTS • "No Parking" Resolution VI. PRINCIPAL PARTIES EXPECTED AT MEETING 0 None 6D- I RESOLUTION NO. RESOLUTION RELATING TO TRAFFIC CONTROL SIGNS "NO PARKING" ON 76th STREET BE IT RESOLVED by the City Council of the City of Richfield, Minnesota, as follows: 1. That the City staff is hereby authorized and directed to erect the following signs at the following locations: "No Parking Any Time" on both sides of 76th Street commencing from the intersection of 12th Avenue west to 11th Avenue. 2. That when the aforementioned traffic control signs have been so erected on said street, they shall be official traffic control signs of the City of Richfield and failure to observe such signs shall constitute a violation of the traffic ordinance of this City. Adopted by the City Council of the City of Richfield, Minnesota this 23rd day of March 2010. Debbie Goettel, Mayor ATTEST: Nancy Gibbs, City Clerk AGENDA SECTION: CONSENT AGENDA ITEM # 5E REPORT # LL Q ", For " - I STAFF REPORT CITY COUNCIL MEETING MARCH 23, 2010 REPORT PREPARED BY: JIM TOPITZHOFER, RECREATION SERVICES DIRECTOR NAME, TITLE DEPARTMENT DIRECTOR REVIEW: izi n ?` REVIEWED BY CITY MANAGER: zoo-'M //\ 'f I / ITEM FOR COUNCIL CONSIDERATION: Consideration of award of contract to Clearwater Recreation, LLC., in the amount of $55,000, for the purchase and installation of play equipment and shade structure at the Lincoln Athletic Complex. I. RECOMMENDED ACTION: By Motion: Award the attached contract to Clearwater Recreation, LLC., in the amount of $55,000, for the purchase and installation of play equipment at Lincoln Athletic Complex. II. BACKGROUND As part of the renovation project for Lincoln Athletic Complex, play equipment and a shade structure has been selected by the Community Services Commission to be installed in the center of the site near the newly-constructed concession building. The need for a shade structure was determined by the Lincoln Athletic Complex Task-force, mainly to protect kids playing the on new equipment from being struck by foul balls. The Community Services Commission conducted a neighborhood meeting on January 26, 2010 to gather preferences on the types of components to include in the design. The attached Request for Proposal (RFP) includes the list of neighborhood preferences and was sent to local play equipment vendors. Play equipment proposals were submitted by seven play equipment vendors: Earl F. Anderson, Inc. (EFA), Midwest Playscapes, Webber Design, 0323 Lincoln Play Equipment Contract Minnesota/Wisconsin playground, Clearwater Recreation, Flagship Recreation and Flanagan Sales. The selection committee used objective criteria outlined in the project RFP. Based on these criteria, the committee scored all seven proposals chose-the design offered by Clearwater Recreation. III. BASIS OF RECOMMENDATION A. POLICY • The play equipment options were determined through a neighborhood meeting, discussion with the Community Services Commission, maintenance considerations and staff recommendations. • At their March 16, 2010 regular meeting, the Community Services Commission voted unanimously to recommend approval of the purchase and installation of play equipment from Clearwater Recreation, LLC. B. CRITICAL TIMING • As provided in the RFP, the installation of the equipment and shade structure will be completed before June 1, 2010. . • The proposed play equipment complies with current safety and ADA requirements. C. FINANCIAL • Funding for play equipment and shade structure is included project budget for Lincoln Athletic Complex in the amount of $55,000, which is funded through an internal loan and paid back through past and future Liquor Store proceeds. • The Renovation of Lincoln Athletic Complex was approved as part of the 2009 capital improvement budget. D. LEGAL • The attached- contract was reviewed by the City Attorney IV. ALTERNATIVE RECOMMENDATION(S) • None V. ATTACHMENTS • Proposed contract with Clearwater Recreation, LLC • Lincoln Athletic Complex Request For Proposal • Proposal from Clearwater Recreation, LLC VI. PRINCIPAL PARTIES EXPECTED AT MEETING 0 None CITY OF RICHFIELD HENNEPIN COUNTY, MINNESOTA CONTRACT FOR MUNICIPAL CONSTRUCTION Contract No. 2767 Class of Work: General Recreation Site Improvements THIS AGREEMENT made this March 23, 2010, between the City of Richfield, Minnesota, acting by and through its Mayor and City Manager, herein called the "City," and Clearwater Recreation, LLC, herein called the "Contractor," witnesseth; that the Contractor, in consideration of the payment of the contract price therefor, amounting substantially to Fifty-five thousand and 0/100 Dollars ($55,000.00), agrees to furnish all materials (except such as are specified to be furnished by the City, if any), all necessary tools and equipment, and to do and perform all the necessary work and labor for the full completion of city projects as follows: Lincoln Athletic Complex Play Equipment and Shade Structure as detailed in the approved Request for Proposal and the proposal submitted by Contractor, for the price and compensation set forth and specified in the Request for Proposal, which is hereto attached and hereby made a part of this Agreement, all in accordance with the plans, specifications and special provisions therefor on file in the office of the Recreation Services Department, City of Richfield, and hereby made a part of this Agreement. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. The Contractor agrees that the work shall be done and performed in the best and most workmanlike manner; that all materials and labor shall be in strict conformity in every respect with the plans, specifications and special provisions for the improvement, shall be subject to inspection and approval of the Richfield Recreation Services Director and in case any material or labor supplied shall be rejected by the Richfield Recreation Services Director as defective or unsuitable, then such rejected material shall be removed and replaced with approved material and the rejected labor shall be done anew to the satisfaction and approval of the Richfield Recreation Services Director and at the cost and expense of the Contractor. The Contractor agrees to pay subcontractors within ten days of receipt of payment from the City for materials and/or services rendered. The Contractor will be required to pay the subcontractor interest in the amount of 1.5 percent per month or any part of the month on any undisputed amount not paid on time. 5E-), Page 2 CITY OF RICHFIELD, HENNEPIN COUNTY, MINNESOTA CONTRACT FOR MUNICIPAL CONSTRUCTION Contract No. 2767 Class of Work: General Recreation Site Improvements It is distinctly understood and agreed that no claims for extra work done or materials furnished by the Contractor will be allowed by the City except as provided herein, nor shall the Contractor do any work or furnish any materials not covered by the plans, specifications, special provisions and this Agreement unless such work is first ordered in writing as provided in the specifications. Any such work or materials which may be done or furnished by the contractor without such written order first being given shall be at his own risk, cost and expense and he hereby agrees that without such written order he will make no claim for compensation for work or materials so done or furnished. It is further agreed, anything to the contrary notwithstanding, that the City of Richfield, City Council and its agents or employees shall not be personally liable or responsible in any manner to the Contractor, Subcontractors, material men, laborers or to any person or persons whomsoever for any claim, demand, damages, actions or causes of action of any kind or character arising out of or by reason of the execution of this Agreement or the performance and completion of the work and improvement provided herein. Dated at Richfield, Minnesota, this Signatures for Clearwater Recreation, LLC ("Contractor') By Its Signatures for the City of Richfield, Minnesota ("City") By Its Mayor By Its City Manager CITY OF RICHFIELD, MN 55423 RECREATION SERVICES DEPARTMENT REQUEST FOR PROPOSAL FOR DESIGN, SUPPLY -& INSTALLATION OF PLAYGROUND EQUIPMENT AND SHADE STRUCTURE AT LINCOLN ATHLETIC COMPLEX GENERAL GUIDELINES. A. Requests For Competitive Proposals. The City of Richfield is seeking competitive proposals from interested and qualified companies for the design, supply and installation of playground equipment and shade structure at Lincoln Athletic Complex, 7500 Pleasant Avenue South, Richfield, MN 55423. B. Owner and Submission Information. Interested companies should submit ONE COPY of their competitive proposals to: Jim Topitzhofer, Recreation Services Director CITY OF RICHFIELD 7000 Nicollet Avenue South Richfield, MN 55423 RE: Lincoln Athletic Complex Proposal Competitive proposals shall include all of the items set forth in Section II below. Any questions regarding this Request for Proposals should be directed to Jim Topitzhofer, Recreation Services Director at 612-861-9394. All proposals must be sealed and submitted to the Recreation Services Department at the above address by 10:00 a.m. on Tuesday, March 9, 2010. Late submissions will not be considered. II. PROJECT DESCRIPTION AND SCOPE. A. General Project Scope. The City of Richfield Recreation Services Department is seeking competitive proposals for the design, supply and installation of playground equipment and shade structure for one existing play container at Lincoln Athletic Complex as defined in Section II B and C. 5 B. Budge ?e Design, supply and installation of the play equipment, shade structure (footings for shade structure provided by owner), wood fiber, resilient surface, fabric, sand base, benches, drain tile, freight, delivery and sales tax should not exceed the budget of $55,000: C. Design and Cost Proposals The Proposer shall provide a play equipment design suitable for the proposed play container. The shade structure shall fully cover the entire play area to protect users from the sun and foul balls from nearby ballfields. The City has already constructed the concrete border for the play container with sub-grade and has excavated four holes for the shade structure footings. No further modifications to the play container dimensions will be allowed. The Proposer should provide materials and installation of resilient surface as part of one base bid. Resilient surface shall be wood fiber. The Proposer shall provide the installation of six-inch (6") sand base and fabric. All resilient surface, play equipment materials and shade structure materials must be transported within the construction via a skid-steer. Semi trucks and large vehicles are prohibited at all times within the construction site. Equipment must meet the following guidelines: 1. Proposer must visit the-site and take measurements of existing container to ensure CPSC distance guidelines. A cad drawing of the container is available upon request by contacting John Evans at 612-861-9395. 2. Conform to all CPSC and ASTM guidelines for the equipment itself; 3. Conform to all proposed ADA requirements, including design for sufficient accessible resilient surfacing and sub-surfacing to meet the proposed accessibility requirements; 4. Support posts must be a minimum of 5-inches and be powder-coated aluminum or steel, no metal slide surfaces will be accepted, plastic components must be graffiti-resistant and have UV protection, other component features will be judged based on the design submitted; 5. Design should be, exciting, creative, and attractive and primarily aimed at 5- 12 year-old children. Design should include a secondary ground-level theme oriented feature for 2-5 year-old children, to include components and accessories listed below: a. MAIN STRUCTURE • Open slides only. Include two slides from a 96-inch deck and one slide from a lower deck height. • At least one overhead apparatus that provides a spinning motion. • One corkscrew climber • Simulated natural climbing wall feature, minimum 56 inches. • Deck-to-Deck Steps • Balcony Deck • Talk Tubes • Steering wheel panel, storefront type panel, and music-type panel. • Arc Climber 6 Pods b. Independent Play • Ground-level spinning or spring items (animals, airplane, horse or motorcycle) designed for ages 2 and up. C. Swing Structures • The design should not include swings. d. Shade Structure • Shade structure dimension should be 29 feet by 45 feet rectangular • Four posts to support hip frame, square post minimum size 7 inch x 7 inch x 1/4 inch. • Hip supports minimum 5 inch • Shade height minimum 13 feet • Structure must be designed to withstand 90-mile an hour wind and be compliant with all Minnesota State Building Codes. The Contractor is required to pull a building permit with the City of Richfield Building Inspections Department. A stamped engineering drawing with wind rating is required upon order. • The City will contract the installation of footings for the shade structure separately; however, the Contactor is required to provide detailed specifications of the footings upon order to be compliant with State building code. Each competitive proposal submitted should reflect, by line item, the cost for the design, purchase and installation of play equipment components, including all applicable sales taxes, freight, and other costs associated with each piece of equipment. Costs should be broken down into logical categories to aid the City in evaluation and include: • All soft costs; including design, overhead, insurance, as well as all applicable sales taxes. • All hard costs; including all work and materials related to the installation of play equipment, resilient surfacing and safety surfacing. Each Proposer must submit the following with bid: • Written assurance that the safety surfacing and play area components meet all applicable U.S. Consumer Product Safety Commission Guidelines, ASTM standards, proposed ADA requirements, and other applicable state and federal requirements will be required from each Proposer prior to contract initiation. • Plan layout of design and catalogue(s) with proposed equipment and safety surfacing identified for review by staff. • Current warranty, insurance, and product specification information on all products and materials included in your proposal. • Written estimate of delivery and installation time frame. D. Site Review Each Proposer must visit the site to become familiar with the play container. See the following exhibits for additional information: 7 5 E-? Exhibit "A" - Park locator map which identifies the location of the park within the city. E . References Each Proposer shall provide a list of five municipal references. Each reference must include the name and address of the jurisdiction where the Proposer has installed equipment similar to the equipment proposed for this request, and the name and daytime telephone number of an individual, who still works for the jurisdiction that the City can contact. Municipalities should be within the metropolitan area and the installation should not be more than five years old. F. Specifications Each proposal submitted shall clearly reflect post diameters, written wind rating of shade structure and other specifications describing the type of materials provide in the proposal. III. EVALUATION AND SELECTION. A. Desian Considerations The design proposed will be a key factor in the selection process. The City encourages innovative, interesting and exciting designs that will distinguish Richfield parks. All available color selections will be made by the City following the manufacture's standard color chart. Each proposal should consider the following design issues: 1. Physical play area 2. Social and social interaction play zones 3. Creative play zones 4. Quiet play zones 5. Open and transition areas 6. Accessibility B. Evaluation Criteria. The Selection Committee will evaluate and rank each proposal against the following criteria: 1. Overall design 2. Value 3. Delivery and installation timeframe 4. Warranty provisions 5. Review/Inspection of previous installations and/or references The recommendation of the Community Services Commission will be provided to the City Council. The City Council will award the contract to the successful vendor. C. Contract and Insurance Reauirements. The selected vendor will be required to enter into a contract with the City, provide the City with a performance bond in an amount equal to the full amount of the contract (or in the discretion of the City an irrevocable letter of credit) to assure the timely performance of and payment for the work proposed, and assure their availability to have the Project play equipment delivered no earlier than May 1, 2010, and the Project completed by June 1, 2010. Other contract and insurance requirements include: 8 5-(-7 1. Worker's Compensation Insurance: The Contractor shall take out and maintain, during the life of the contract, Worker's Compensation Insurance with a company that is lawfully authorized to do business in the State of Minnesota. Such insurance shall protect the Contractor, or Subcontractor or anyone directly or indirectly employed by any of them from claims under worker's compensation, disability benefit and other similar employee benefit acts. 2. Commercial/Comprehensive General Liability Insurance: The Contractor shall take out and maintain during the life of this contract Public Liability Insurance, Property Damage Liability, and Personal Injury Insurance with a company that is lawfully authorized to do business in the State of Minnesota. Such insurance shall protect the Contractor, Subcontractor, or anyone directly or indirectly employed by the Contractor or Subcontractor performing work covered by this contract from claims arising out of public liability, property damage, or personal injury including death, as well as claims for property damage which may arise out of work. The Contractor's policy shall list the City as an additional insured on a primary or non-contributory basis. The recommended minimum limits of insurance per project are: • General Aggregate $500,000 • Product-Completed Operations Aggregate $500,000 • Personal and Advertising Injury $500,000 • Per Occurrence (Bodily Injury & Property Damage) $500,000 3. Fire Insurance: The Contractor is responsible for insuring for fire, and extended coverage including vandalism and malicious coverage on the work included in the contract from the beginning of the work until final acceptance of the completed project. The policies shall cover all work incorporated in the project and all material in place or stored at the site for installation against loss by fire and wind. This provision does not exclude material partially paid for by the Owner. This insurance shall be for the full insurable value of the material and shall be kept in full force until final acceptance of the work by the Owner. 4. Automobile Insurance: The Contractor shall take out and maintain during the life of the contract Automobile Insurance with a company that is lawfully authorized to do business in the State of Minnesota. The recommended minimum limits of insurance are $1,000,000 combined single limit (131 & PD). 5. Payment to Subcontractors: The Contractor will be required to pay subcontractors within ten days of receipt of payment from the City for materials and/or services rendered. The Contractor will be required to pay the subcontractor interest in the amount of 1.5 percent per month or any part of the month on any undisputed amount not paid on time. 6. Building Permit: The shade structure must be designed to withstand 90- mile an hour wind and be compliant with all Minnesota State Building Codes. The Contractor is required to pull a building permit with the City of Richfield Building Inspections Department. A stamped engineering drawing 9 with wind rating is required upon order. The Contactor is required to provide detailed specifications of the footings upon order to be compliant with State building code. All insurance referenced in paragraphs 1 through 4 shall be placed with companies acceptable to and approved by the City prior to the commencement of the work. The Contractor shall submit copies of the certificate with the City prior to commencement of the work. Certificates of insurance will not be canceled or allowed to expire until at least 30 days prior written notice has been given to the City. The City shall be shown on the General Liability coverage as an "additional insured." Any proposals received with limits lower than those referenced above may still be considered for this project. D. Reservations and Other Considerations. 1. The City of Richfield reserves the right to reject any or all proposals for reasons of safety, quality, quantity, design or other issues deemed important to the successful completion of the project. Any proposals exceeding the maximum funding or footprint-on the site will be excluded. 2. Proposals are to be submitted on or before 10:00 a.m., March 9, 2010, to Richfield Recreation Services Department, 7000 Nicollet Ave South, Richfield, MN 55423, RE: Lincoln Park Proposal. For additional information contact Jim Topitzhofer, Recreation Services Director, 612-861-9394. City Council award of contract is scheduled on March 23, 2010. Proposal amounts will need to be effective for 45 days after the above deadline. 3. The City reserves the right to accept proposals based upon factors other than the lowest price as set forth in the evaluation criteria. 4. The City will not be responsible for any costs incurred by those submitting or preparing competitive proposals. At the request of the Proposer, proposals will be returned after the selection process has been completed and a vendor selected. 5. The City reserves the right to revise the scope of the project based on budget limitations and other relevant considerations. 6. The City reserves the right to select more than one provider for the play containers. Each Proposer must meet the City of Richfield contract requirements. The City reserves the right to reject proposals that cannot meet contract requirements. 10 W Cl onwia mommo '4 O N led, N, ? 4E o m x? my? m "c n ? mO N? v W = N C1 4 ao x g a 0 Q m o o-o (no^iog .i F O ? ? c 1 I N g V M Sf- 9 3 a m I t? T C CD cu `< -OW ?rN trY .:? F' T? 0 ? 0 ? • U ?km m r - N U ? x ac i ?W ASx= p m o ?U L CA 2 ? V a r: • I/-g-11; ?5f-/01 • 0 Clearwater Recreation Unique f'arkandKocreationAdventures 15070 Oakcrest Court Savage Mn 55378 Phone (952)-440-7641 Fax (952)440-3864 EMAIL softail87@integraonline.com Bill To: City Of Richfield 7000 Nicollet Ave S Richfield MN 55423 Alin Jim Topitzopher 612-861-9394 Comments or Special Instructions: In compliance with your request for play design, we provide the following: Quote in effect until March. 26th 2010 DATE 3/8/2010 Customer Lincoln Complex P.O. NUMBER SHIP DATE SHIP W4 F.O.B. POINT TERMS MFINNEGAN May Best net 30 QUANTITY DESCRIPTION 1 Unique Custom Playfeature with shade structure per drawing 669-50889 UNIT PRICE Also included is 2 6R benches, woodfiber with sand base and fabric. This includes install of the above items With Clearwater install warranty. De/v of equipment in 4 weeks with install to follow for a June 1st Grand opening. GRADING OF SITE NOT INCLUDED/DOES NOT INCLUDE PREVAILING WAGESJTHIS QUOTE DOES NOT INCLUDE UNKNOWN CONDITIONS SUCH AS. BEDROCK TREES, STUMPS.. SHIPMENTS APPROX 45 WEEKS PLEASE MAKE PO TO: CLEARWA TER RECREATION Approved By Date SIGNED BY. Matt Finnegan SUBTOTAL AMOUNT FREIGHT INC INSTALL INC TAX Inc TOTAL $ 55,000.00 AGENDA SECTION: RESOLUTIONS AGENDA ITEM # 7 REPORT # 50 WW7 STAFF REPORT CITY COUNCIL MEETING MARCH 239 2010 REPORT PREPARED BY: CHRISTINE COSTELLO, COMMUNITY DEVELOPMENT SPECIALIST NAME, TITLE DEPARTMENT DIRECTOR REVIEW: REVIEWED BY CITY MANAGER: SIGNATURE ITEM FOR COUNCIL CONSIDERATION: Consideration of a Right-of-Entry Agreement for use of the northern half of 7700 Pillsbury Avenue, the City's former Public Works Maintenance Facility, by Ron Clark Construction and Design Company. 1. RECOMMENDED ACTION: By Motion: Approve Right-of-Entry Agreement for use of the northern half of 7700 Pillsbury Avenue, the City's former Public Works Maintenance Facility, by Ron Clark Construction and Design Comnanv. II. BACKGROUND Ron Clark Construction and Design (Ron Clark) has presented a proposal to both the Richfield City Council and the Richfield Housing and Redevelopment Authority (HRA) regarding their plan to develop the former City Garage/HRA Mortuary site. That proposal includes the development of 66 for-sale two and three-story townhome units. In recent months, another party (Minnesota Life College) had expressed an interest in developing this property as well. Staff has been informed, however, that Minnesota Life College's development plans will take quite some time to formulate and that they do not wish to hinder other development opportunities from proceeding. 10 032310-Right of Entry Ron Clark.doc Ron Clark is now in the process of determining the financial feasibility of moving forward with their project. On March 8, 2010 the HRA approved a Preliminary Development Agreement (Agreement) with Ron Clark. This Agreement provides an eight month period during which time the developer can conduct their site investigation and other "due diligence" without the risk that the HRA would enter into a Development Agreement with another party. A major part of the site investigation to be undertaken by Ron Clark is related to environmental investigation. The HRA's Agreement, which was drafted jointly by staff, legal counsel and representatives of Ron Clark, allows the developer access to the HRA-owned land. The attached Right-of-Entry Agreement, however, would be needed to provide Ron Clark access to the City-owned property (the former north half of the Public Works Maintenance Facility). This access is necessary in order to conduct environmental studies such as soil borings and sample monitoring in order to ensure that any hazardous substance or contaminants that may be found in the soils or groundwater can be remediated. While this Right-of Entry Agreement would allow Ron Clark access to the City's property for their environmental investigation, it does not commit the City to remediating any contaminants that may be identified. If such issues were identified as a part of the proposed environmental investigation, the resolution to those issues would be subject to a future agreement or in negotiations for the sale of the property (subject to City Council consideration). III. BASIS OF RECOMMENDATION A. POLICY • The Richfield Comprehensive Plan has been used as a guide for the redevelopment of the former Richfield Public Works Maintenance Facility (7700 Pillsbury Avenue). • The Comprehensive Plan indicates that this area is guided for Medium-High Density Residential use. • Medium High Density Residential is considered a density that would range from 12 to 24 units per acre and no greater than four stories tall. • It is typical for a prospective property buyer to conduct environmental investigation on a property before entering into negotiations to purchase that property. B. CRITICAL TIMING ISSUES • The Right-of Entry Agreement is necessary so that Ron Clark may enter City owned property to undertake environmental work prior to the conveyance of the property to Ron Clark. C. FINANCIAL • The City is not responsible for any of the costs associated with the proposed environmental investigation. • The costs of any environmental remediation, if ultimately required, would be the subject of future City Council deliberation. D. LEGAL • Legal counsel drafted the. Agreement and Right-of-Entry Agreement in cooperation with staff and Ron Clark. E. ENVIRONMENTAL CONSIDERATIONS • This Agreement would allow for the implementation of soil borings, sample monitoring wells, and other environmental studies on the property in order to identify whether there may be hazardous substances, pollutants or contaminants present that would need to be removed before any development could begin on the site. IV. ALTERNATIVE RECOMMENDATION(S) • Approve the Right-of-Entry Agreement with added provisions or modifications. Do not approve the Right-of-Entry Agreement. Continue the consideration of the Right-of-Entry Agreement to a later meeting date. V. ATTACHMENTS • Right of Entry Agreement • Map VI. PRINCIPAL PARTIES EXPECTED AT MEETING 0 Mike Roebuck, Vice President of Ron Clark Construction I'l CITY RIGHT OF ENTRY AND STANDSTILL AGREEMENT. THIS AGREEMENT, made on this day of , 2010, by and between THE CITY OF RICHFIELD, a Minnesota municipal corporation ("City") and THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD, a Minnesota public body corporate and politic ("HRA") and R.E.C.,Inc.a Minnesota Corporation DBA RON CLARK CONSTRUCTION AND DESIGN, (" CLARK") 1. RECITALS 1.01. City is the fee simple owner of the real estate located at the addresses and legally described as such on the attached Attachment A ("City Property"). HRA is the owner of real estate located at the address and legally described as such on the attached Attachment A ("HRA Property"). 1.02. HRA is undertaking discussions Clark concerning the possibility of redeveloping all of the property shown on Attachment A. Such redevelopment would necessitate Clark purchasing the City Property and the HRA Property. 1.03. HRA wishes to have its consultants conduct soil borings, dig and sample monitoring wells and conduct other environmental studies on the City Property in order to identify whether there may be hazardous substances, pollutants or contaminants present on the City Property, and to conduct appraisals to determine the fair market value of the City Property. 1.04. Clark also desires to secure the consent of City to enter the City Property for the purpose of conducting land surveys, and geotechnical testing. CLARK has requested that City grant 358788v6 JBD RC125-292 C-1 1its consent to the entry of these additional consultants onto the City Property to conduct their studies. 1.05. It is understood that in executing this agreement, City will not be granting (a) any permanent interest in the City Property to CLARK or the HRA, or (b) exclusive use or possession of the City Property to CLARK or the HRA. II. AGREEMENT NOW, THEREFORE, in consideration of the premises and their mutual promises, the parties hereto hereby agree as follows: 2.01. Right of Entry. Effective upon the date hereof, City hereby grants: (i) to Clark, its agents, employees, contractors and invitees, and such other consultants as Clark may elect, the right to enter upon the City Property, for the purpose of conducting the activities described in 1.04 above; and (ii) to the HRA, its agents, employees, contractors and invitees and such other consultants as the HRA may elect, the right to enter upon the City Property, for the purpose of conducting the activities described in 1.03 above. 2.02. Consideration. In consideration for such right of entry, as to their separate activities, Clark and the HRA agree to: (a) Notify City of the date and time that work by Clark or the HRA or Consultants on the City Property will commence under this Agreement which notice shall be at least five (5) business days prior to doing any work on the City Property in order to permit City's employees or consultants retained by City to be present during the time any work is being done by CLARK or its Consultants; (b) Secure all appropriate government approvals and permits for any work that will 358788v6 JBD RC125-292 C-2 1,,5 occur within public streets adjacent to the City Property; (c) Provide a copy of all test results and reports prepared by Clark's or HRA's employees or Consultants (except appraisal reports) evaluating the conditions present on the City Property to City as soon as reasonably possible following final completion thereof. (d) Dispose of all solid waste generated during the course of Clark's or HRA's sampling activities and other work on the City Property in accordance with applicable federal, state and local laws, rules and regulations. (e) Do the work in the shortest period of time reasonably necessary to complete such activities authorized under this Agreement as Clark or HRA, in their sole discretion, shall elect to undertake; (f) Use the City Property only for the purposes described herein and not park or store any equipment on the City Property, except during the limited periods of time when the work on the City Property which is contemplated by this Agreement is actually in progress; (g) Do no unnecessary damage to the City Property and restore the City Property to substantially the same condition as the condition in which it was found by Clark or HRA at the time of Clark's or HRA's or their Consultants' entry upon the City Property pursuant to this Agreement. As soon after completion of its work on the City Property as allowed by applicable authorities, HRA shall properly abandon and remove any well installed by HRA or its Consultants, in accordance with Minnesota Department of Health regulations; (h) Hold City harmless from and indemnify City from any and all claims, damages, 358788v6 JBD RC125-292 C-3 I'd judgments or obligations, including the cost of defense of suit, arising out of damage to City Property or arising out of injury to anyone incurred or alleged to have been incurred in connection with or as a result of any work done pursuant to this Right of Entry, or as a result of Clark's or the HRA or their Consultants' intentional torts or negligence. Notwithstanding the foregoing, unless the City Property is acquired by it, neither Clark nor the HRA shall not be responsible for any submission or application for further investigation or feasibility analysis or the proper methods or cost of removal, treatment or disposal of any pollutants, contaminants or hazardous substances present on the City Property, it being the sole responsibility of City to perform these tasks if required; (i) Clark or HRA shall ensure that its Consultants or their contractors or invitees which enter the City Property pursuant to this Agreement shall carry insurance during the time any work is done on the City Property in accordance with the following minimum requirements: Workers' Compensation Insurance with limits as provided by statute, with all necessary statutory elections to provide coverage for and/or claims made by any person doing work on the City Property pursuant to this Right of Entry; Employer's liability insurance (often included as coverage (b) in the Workers' Compensation policy) with limits of $100,000; Comprehensive Auto (and truck) Liability Insurance with minimum combined single limits of $1 million per occurrence; Comprehensive General Liability Insurance (including coverage for contractual liability, products and completed operations liability, liability arising out 358788v6 JBD RC 125-292 C-4 q,5 of explosion, or underground related incidents) with minimum combined single limits of $1 million per occurrence. In addition, the Comprehensive General Liability policy shall include City as additional insured with respect to work done on the City Property. 0) Clark will upon completion of all soils testing provide a complete copy of all soils reports to the City and HRA (k) Protect all monitoring wells with lockable caps and at least three protected posts. 2.03. Expiration. Unless extended by the mutual agreement of the parties, the right of entry provided under this Agreement will automatically expire on November 1, 2010. 2.04 Standstill. Until the expiration of this Agreement, the City agrees that it will not: (i) sell or encumber or engage in discussions involving the sale or encumbrance of the City Property to anyone other than the parties to this Agreement; (ii) solicit proposals from any third party involving the proposed development of the City Property. Nothing herein shall be construed: (i) as obligating the City to subsequently agree to sell the City Property to the HRA or Clark; (ii) as agreeing to any of the terms of any sale; or (iii) as agreeing to any potential use or development of the City Property in the event of sale. 2.05. Governing Law. This Agreement shall be interpreted in accordance with the laws of the state of Minnesota. 2.06. Notices and Demands. All notices, demands or other communications under this Agreement shall be effective only if made in writing and shall be sufficiently given and deemed given when delivered personally, transmitted by facsimile, or mailed by certified mail, return receipt requested, postage prepaid, properly addressed as follows: 358788v6 JBD RC 125-292 C-5 J/l If to City: City of Richfield Attn: 6700 Portland Avenue South Richfield, MN 55423 With a copy to: Corrine A. Heine Kennedy & Graven, Chartered 470 U. S. Bank Plaza 200 South Sixth Street Minneapolis, MN 55402 If to CLARK: Ron Clark RON CLARK Construction and Design 7500 West 78th Street Edina, MN 55439 With Copy to: If to HRA: Richfield HRA Attn: 6700 Portland Avenue South Richfield, MN 55423 With a copy to: John B. Dean Kennedy & Graven, Chartered 470 U. S. Bank Plaza 200 South Sixth Street Minneapolis, MN 55402 Or to such other persons as the parties may from time to time designate in writing and forward to the other persons entitled to receive notice as provided in this section. 2.07. Amendment. This Agreement may be amended by the parties hereto only by written instrument executed with the same procedures and formality as were followed in the execution of this Agreement. 358788v6 JBD RC125-292 C-6 A IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed in their names and on their behalves on or as of the above date. City: CITY OF RICHFIELD By: Its Mayor By: Its City Manager RON CLARK Construction and Design, a Minnesota By: Its: Richfield HRA By: Its Chair By: Its Executive Director 358788v6 JBD RC 125-292 C-7 1A ATTACHMENT A List of City Property Addresses and Legal Descriptions 7700 Pillsbury Avenue South (north portion only Lot 3, except the north 75.00 feet thereof, all of Lots 4 and 5, Block 4, R.C. Soens Addition, according to the recorded plat thereof on file or of record in the office of the Registrar of Titles, Hennepin County, Minnesota. RJL-186567vl NE 136-163 Map of Ron Clark Proposed Development Area / 1 a abY? jr r, ?. J11 - if - V ? ...... I F ' , F ? ? f ? rrt ? y 1W MONA rr' . ID?i $ A Created: CC 10/26/09 AGENDA SECTION: RESOLUTIONS AGENDA ITEM # g REPORT # 51 RPPPPP_1 STAFF REPORT CITY COUNCIL MEETING MARCH 23, 2010 REPORT PREPARED BY: KRISTIN ASHER, CITY ENGINEER DEPARTMENT DIRECTOR REVIEW: REVIEWED BY CITY MANAGER: NAME, TITLE ITEM FOR COUNCIL CONSIDERATION: Consideration of a Revision to Exhibit D of the Land Acquisition, Design, and Construction Cooperation Agreement between the Metropolitan Council's Environmental Services (MCES) and the City of Richfield for the Edina-Richfield (1-RF-491 Relief) Interceptor Improvements Proiect. I. RECOMMENDED ACTION: By Motion: Approve Exhibit D - Revision 1 which summarizes modifications to the Land Acquisition, Design, and Construction Cooperation Agreement 091004 dated February 24, 2009 between the Citv of Richfield and the Metropolitan Council. II. BACKGROUND Additional capacity in Metro Sewer Interceptor needed The Metropolitan Council is the regional planning agency that serves the Twin Cities' seven-county metropolitan area. The Council works with local communities to provide many critical services, including the collection and treatment of wastewater. The Metropolitan Council has adopted a plan for improving its facilities in the Richfield and Edina area. Parts of the regional wastewater collection system serving this area require additional capacity to manage additional flow volumes generated by current and anticipated development and population growth in the area. 032310MetCouncilCoop Two sections completed Two small areas of construction were completed in 2008 (1-35W crossing, between Penn & Sheridan Avenues. Further construction will take place in 2010-11. Restoration of 75th and 76t Streets, after the sewer construction, will implement the City's new streetscape design that better reflects the values of the community and provide recreational and alternative transportation opportunities. Original Agreement The original cooperative agreement essentially covered two items: 1. Allows City staff to provide services to MCES where interactions with residents and businesses are needed throughout the project. Staff will work with MCES to support and coordinate obtaining construction easements, public information, and design tasks. The goal is to keep the residents and businesses informed about the project and construction as it moves across the City. In return for the services, the Metropolitan Council will reimburse the City for staff time (by hourly rate) and reimbursable expenses. 2. Allows the City to reimburse Metropolitan Council for additional streetscape work on 76th Street between 11th and 12th Avenues. The new streetscape will be carried to 12th Avenue and the transition to the 4-lane section will happen at the signal. This portion of the work may be funded using Municipal State Aid dollars. Requested Revisions Exhibit D - Revision 1 includes the following: 1. Add a stipulation to the construction phase of the agreement which requires the Metropolitan Council to reimburse the City for any tree replacements that may occur within one year of construction completion, in the event attempts to save the trees fail. 2. Remove from the construction phase of the agreement that the City will remove street lights; the contractor is now expected to do this work. 3. Add the lining of approximately 100 linear feet and replacement of 1950 linear feet of City sanitary sewer (est. $49,223). 4. Add the replacement of City sanitary sewer (est. $43,875). 5. Add the relocation of utility poles, sidewalks, and control boxes on the 1-35W Bridge to accommodate the new regional trail (est. $100,000). 6. Add the removal of 6' sidewalk and replacement with 10' multi-use trail between the 1-35W Bridge and 76th Street (est. $17,925). 7. Add the undergrounding of overhead utilities (est. $550,000). Section VI Rights of Entry -Change December 31, 2010 to December 31, 2012. Next Steps • Once the bid prices are known, the City Council may want to consider securing Xcel User Fee (undergrounding surcharge) as a funding option for the City's portion of the utility undergrounding. City staff will monitor the Met. Council bid process and report the results. The attached Estimated Funding Uses/Sources worksheet includes contingency expenses and $158,100 in either MSA or Xcel Energy User Fees. _ • The City Council can finalize the funding plan once the bid prices are known (see attached Estimated Funding Uses/Sources worksheet) III. BASIS OF RECOMMENDATION A. POLICY • The City wishes to be involved in the project in order to respond to the residents/businesses in a timely and efficient manner. B. CRITICAL TIMING ISSUES • Council action on the approval of Exhibit D is being requested at tonight's meeting. However, any decision on how to pay for under grounding of utilities would not be required until early summer. At that time, more specific information on project costs and available revenues will be known. • This project was expected to commence in 2009, but was delayed. The Metropolitan Council, at the urging of the City of Richfield, recently decided to go ahead with this project beginning this summer. This is good news for Richfield and the resident affected by the construction and as such, staff would like to facilitate that schedule. C. FINANCIAL • The agreement allows the City to be reimbursed up to $375,000 for staff time and reimbursable expenses. • The total reimbursement from the City to the Metropolitan Council for the additional streetscape between 11th and 12th Avenues and Exhibit D - Revision 1 items shall not exceed $1,200,000. These items will be funded through the cooperative agreement between the City and Three Rivers Park District ($1,000,000), Xcel Energy User Fees, and/or Municipal State Aid Funds. D. LEGAL • The City Attorney has reviewed the agreement and will be available to answer questions. E. ENVIRONMENTAL CONSIDERATIONS • The project will replace many old water, storm water, and sanitary sewer mains and service lines. IV. ALTERNATIVE RECOMMENDATION(S) • Do not approve the Exhibit D - Revision 1 at this time. V. ATTACHMENTS • Project Map • Exhibit D - Revision 1 • Estimated Funding Uses/Sources Worksheet VI. PRINCIPAL PARTIES EXPECTED AT MEETING 0 Jeff Schwarz, Metropolitan Council M m n m ? 1 ? 'lip 'r?t~ V! Z CD CD Cn 12 CD 0 C = CD C7 CD p O O. 7 4. A" M W m v a o ''; + ` , x 4. xfl N c z to d r?t@P ">r-r` [ te.?r i4 y" O' O' N O I •.. l? ?. ?ti1e1i1"•rS? Y?. ? ? O 7 to --k cn 3, a Cl) CD GO` e-[-O r O N CD m 14 M R y/ r Q. l1 0 JJA Metropolitan Council AA Environmental Services January 12, 2010 Kristin Asher City of Richfield 6700 Portland Avenue Richfield, MN 55423-2599 Subject: Revision to Cooperation Agreement 091004 MCES Project 805450 - 1-RF-491 Relief Interceptor Dear Ms. Asher, Please find attached "Exhibit D - Revision 1" that summarizes modifications to Land Acquisition, Design, and Construction' Cooperation Agreement 091004 dated February 24, 2009 as identified during the design phase of the referenced project. These revisions are allowed by Article V.3 of the Cooperation Agreement. If the revisions are acceptable to the City, please sign and return an original copy of this letter for our files. Please call me at 651-602-1176 if you have any questions or require additional information. Sincerel , Avclfwarz, P. E. ect Manager I Environmental Services REVISION: Section VI: Rights of Entry Change December 31, 2010 to December 31,. 2012 CITY OF RICHFIELD By Steven L. Devich Its City Manager By Debbie Goettel Its Mayor www.metrocouncil.org 390 Robert Street North • St. Paul, MN 55101-1805 • (651) 602-1005 • Fax (65?) 602-1477 • TTY (651) 291-0904 An Equal Opportunity Employe? ?/5 Exhibit D Coordination, Support, and Execution Tasks REVISION 1 344402v1 CAB RC145-588 ?,4 City Services to Council City staff and Contract Engineer will provide services to Council in the project management and execution of land acquisition, design, and construction tasks as described below. Definition of the tasks and the Consultant's responsibilities for the tasks are contained in Exhibit B. Phase 3: Land Acquisition 3.1 Acquisition Planning • Participate in and be a liaison for field inspections and surveys • Participate in acquisition meetings and Acquisition Plan preparation 3.2 Public Information • Participate in preparation of Property Owner Notification Letters and scheduling public meetings • Provide facilities and participate in public meetings • Participate in web site updates with the Council Public Information Officer 8 Property Owner Negotiations and Agreements • Contact Property Owners identified in the acquisition plan and negotiate City agreements • Participate in Council Property Owner negotiations and agreements on acquisitions if City agreements are not successful. 3.11 Condemnation Testimony • Participate in condemnation proceedings if required. Phase 4: Design 4.1 Public Involvement Review and comment on public information materials, act as liaison between local community and Council, and be a first point of contact for residents and business owners Provide facilities and participate in public meetings Participate in web site updates with the Council Public Information Officer 4.3 Utility Locations and Mapping • Provide the latest versions of as built drawings to Council • Participate in planning meetings with utility companies • Enforce City Ordinance 802.47 requiring undergrounding of utilities at no additional cost to the Council or City 4.7 Preparation of Draft Design Report • Review and comment on H.R. Green's Design Technical Memorandum 60% Submittal • Provide assistance with the design of the streetscape on 76th Street between 11 th and 12th Avenues that the City has requested the Council install for the City at the City's expense 3444020 CAH RC145-588 0 • Act as Three Rivers agent to incorporate Three Rivers requirements into the streetscape design 4.8 Technical Review Panel - Design • Participate in Council's Independent Technical Review Panel • Identify City facilities requiring design coordination • Review construction sequencing plan, detailing the resident and business-related issues that the design and construction should address. 4.9 Final Design Report • Review and comment on H.R. Green's Final Design Report 4.12 Support of Securing Permits and Regulatory Approvals • Waive City Excavation and Obstruction Permits • Assist Council in obtaining regulatory approvals Phase 5: Construction 5.2 Weekly Progress Meetings and Site Visits • Participate in weekly progress meetings with Council and Contractor • Schedule, provide facilities, and conduct weekly progress meetings with residents • Act as liaison between local community and Council, and be a first point of contact for residents and business owners • Provide 80% of full time site inspection • Communicate with MCES inspectors and provide copies of inspection reports • Remove City owned street lights REVISION 1 TO CITY SERVICES TO COUNCIL Add the following items to Phase 5: Construction: • Replace trees adjacent to the construction limits that die one year after work is complete in the event attempts to save the trees fail. Remove the following items from Phase 5: Construction: • Remove Street Lights The total reimbursement from the Council to the City shall not exceed $375,000. 344402v1 CAH RC145-588 Council Services to City The Council will provide services to the City in the project management and execution of construction tasks described below. • Demolish all surface improvements on 76th Street from the north back of sidewalk to the south back of sidewalk between 11 "' and 12th Avenues • Furnish and install all material and labor required to provide streetscaping on 76th Street between 11th and 12th Avenues including sidewalk, bike trail, curb, gutter, tree, and pavement restoration. • Furnish and install all material and labor required to replace the existing 9" City sanitary sewer beneath 76th Street between 4th and Blaisdell Avenues with 10" PVC. REVISION 1 TO COUNCIL SERVICES TO CITY Add the following services: • Line approximately 100 linear feet of existing City 12" sanitary sewer on the intersection of Nicollet Ave. and 76th Street with cured in place pipe (CIPP). • Remove and replace existing City 9" sanitary sewer on 11th Ave. between 73rd and 76th Streets. • Relocate utility poles, sidewalks, and control boxes on I-35W bridge to accommodate the new bike trail on West 76th Street. • Remove the existing 6' sidewalk on the north side of West 76th Street between 76th Street and the I-35W bridge. Replace with a 14' wide multi-use trail. • Underground overhead utilities. The revised total reimbursement from the City to the Council shall not exceed $1,200,000. 344402v1 CAH RC145-588 O o C? 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CO F a). . _ m may _ o m 3 o0) 00aNZ0) -iIa o- v mY ()N_ rno... 0co(D tgamof ?i0(nJ(n(p a)p ?? 700 0) -CO W c 0C) 0 a) w c0CD 0 -D Of (K 5DCD -(n O 0 Metropolitan Council Environmental Services (MCES) Sewer Project 1-RF-491 Relief Interceptor City Project No. 41480 Estimated Funding Uses/Sources Estimated Uses: Interceptor Sewer Construction $7,400,000 Streetscape Reconstruction $4,300,000 Local Utilities $2,145,000 11th-12th Streetscape $266,700 Sanitary Sewer $47,300 Utilty Undergrounding" $1,500,000 Regional Trail $150,000 Miscellaneous Items $100,000 Contingency 10% $1,440,900 Total Uses $17,349,900 Estimated Sources: Recommended Alternative Metropolitan Council $16,144,500 $16,144,500 City Utility Fund $47,300 $47,300 Municipal State Aid (MSA) $0- $158,100 Three Rivers Park District $1,000,000 $1,000,000 Xcel Energy User Fees $158,100- $0 Total Sources $17,349,900 $17,349,900 ** The City's portion of the utility undergrounding is $550,000 per agreement. AGENDA SECTION: RESOLUTION AGENDA ITEM # 9 REPORT # S PPP"7 STAFF REPORT CITY COUNCIL MEETING MARCH 23, 2010 REPORT PREPARED BY: ST?XEN L. DEVICH, CITY MANAGER REVIEWED BY CITY MANAGER: TITLE 4 ITEM FOR COUNCIL CONSIDERATION: Consideration of a resolution establishing a one-time employee early retirement incentive program. 1. RECOMMENDED ACTION: By Motion: Adopt the attached resolution authorizing a one-time employee Earl Retirement Incentive Program. II. BACKGROUND The City is currently facing deep cuts in state financial aids for 2010 in the impending Local Government Aid (LGA) reductions. While it is too soon to tell the full extent of those cuts, it could be in the range of $1 million or more. There is no way for the City to absorb that magnitude of state aid cuts in conjunction with levy limits without significant reductions in services and ultimately, personnel. One way to approach those reductions is to once again offer a mechanism to encourage and soften the transition of some of the longest tenured employees into retirement. The voluntary retirement of some employees would provide for a reduction in staff that would assist in the City achieving the budget expenditure reductions that will be necessary to meet the cuts in LGA that are expected for 2010 and beyond. Voluntary retirements will also reduce the number of staff reductions that may be needed. However, qualifying for a PERA pension and being in a financial position to be able to retire are distinctly different matters, considering the high cost associated with medical insurance. Moreover, most of the City employees who may qualify for a PERA pension are considerably younger than 65 years of age, which would qualify them for Medicare benefits. Thus, it is essential to provide some type of financial 0323retire assistance to cover the costs of future medical insurance as an incentive for eligible employees to consider early retirement. The incentive program that has been developed by staff and is being proposed for City Council approval is a two option lump sum payment incentive such as was offered in 2009. Eligible employees who would retire on or before May 31, 2010 would receive a one-time lump sum contribution of $18,000 into their respective Post Employment Health Care Savings Plan (HCSP). Eligible employees who voluntarily retire after May 31 but before July 31, 2010 would receive a one-time lump sum contribution of $15,000 into the employee's respective HCSP. The program would utilize a formal application process and require timely submission of such application for consideration by the City Manager. The sooner such a program would be implemented; the sooner staff would know who may be interested in such a program and how much savings may be attained by the early retirement. It also provides a better framework for City staff to analyze what further reductions will be needed. III. BASIS OF RECOMMENDATION A. POLICY • There is currently no City early retirement incentive program available to offer City employees. B. CRITICAL TIMING ISSUES • The timing of any early retirement incentive is critical. The sooner staff knows if this will be an option, the sooner the information can be conveyed to City employees who might want to take advantage of this option. • The retirement of any eligible employees is an important initial step in preparing an analysis of any potential staff reductions that may be required. • Employees are concerned about what action the City will ultimately take in meeting the LGA reductions for 2010 and beyond. The sooner that staff has direction on this option the sooner that these decisions can be made. C. FINANCIAL • The Early Retirement Incentive Program would potentially generate significant savings to the City General Fund in that most, if not all, of the positions vacated through the program would not be replaced or, if necessary, be filled at a lower rate of pay and benefit, accrual. • The cost of the program to the City is relatively not significant when viewed in the context of savings that would be generated by each early retirement. The early retirement incentive proposed in this program is typical to other programs offered by other governmental subdivisions. • The actual funding from the program would be established through the City's Self Insurance Fund and would not be charged to the City General Fund. D. LEGAL , • The City has the legal authority to provide such one-time early retirement incentives. • The Early Retirement Incentive Program has been reviewed by the City Attorney. • Such financial incentives programs should be formally authorized by City Council Resolution. E. ENVIRONMENTAL CONSIDERATIONS • N/A IV. ALTERNATIVE RECOMMENDATION( S? • The City Council could decide not to approve this incentive program. • The City Council could direct staff to revise this proposed incentive program. • The City Council could decide to postpone consideration of this matter to a future meeting. However, delays to implementing the program result in less potential cost savings to the City. V. ATTACHMENTS • Resolution Early Retirement Incentive Program VI. PRINCIPAL PARTIES EXPECTED AT MEETING • None q11 RESOLUTION NO. RESOLUTION AUTHORIZING A ONE-TIME EARLY RETIREMENT INCENTIVE PROGRAM FOR CALENDAR YEAR 2010 WHEREAS, the City has determined that it will face significant state aid reductions for calendar year 2010 and beyond, and WHEREAS, such reductions in state aids represent a significant portion of the City 2010 budget, and - WHEREAS, such reductions in state aids will require significant cuts in the City 2010 budget including likely necessary staff reductions and reduction in services, and WHEREAS, the City Council finds that it is desirable to.approach staff reductions through attrition and retirement of existing employees to the extent possible in order to minimize staff layoffs; and WHEREAS, in order to facilitate the opportunity for eligible City employees to take advantage of their respective retirement option, financial assistance be provided to help defray the future costs associated with medical insurance premiums for such employees; and WHEREAS, a program providing for such an Early Retirement Incentive has been prepared and is ready for implementation. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Richfield hereby adopts the attached Early Retirement Incentive Program, dated March 23, 2010, and directs the City Manager to implement such program. Adopted by the City Council of the City of Richfield, Minnesota this 23rd day of March, 2010. Debbie Goettel, Mayor ATTEST: Nancy Gibbs, City Clerk ?a CITY OF RICHFIELD EARLY RETIREMENT INCENTIVE PROGRAM MARCH 23, 2010 Eligibility 1. You are in a position that is eligible for this program. 2. You are a full-time benefit earning employee. 3. You must be eligible during calendar year 2010, through one of the following provisions: a. Employees who have attained or will attain, during 2010, the Rule of 90 (Employees who started in PERA before July 1, 1989 are eligible) b. PERA Coordinated employees who have attained the age of 62 during 2010 and have at least 10 years of fulltime service with the City. c. PERA Police and Fire employees who have reached the age of 50 in 2010.* d. Employees who have completed 20 years of service with the City of Richfield in 2010. *Employees who take early retirement before age 55 do not qualify, under State Statute, to remain on the City's health insurance plan until age 65. Only Federal COBRA law applies. EARLY RETIREMENT INCENTIVE PROGRAM OPTIONS A. The City will provide the following benefit to an eligible employee who voluntarily elects to take advantage of the early retirement incentive, and retires on or before May 31, 2010: • The City will provide the retiring employee with a one time contribution of $18,000 into the Employee's Health Care Savings Plan.* (The equivalent of $500 for 36 months or $750 for 24 months.) B. The City will provide the following benefit to an eligible employee who voluntarily elects to take advantage of the early retirement incentive, and retires after May 31 and before July 31, 2010. • The City will provide the retiring employee with a one time contribution of $15,000 into the Employee's Health Care Savings Plan.* (The equivalent of $625 for 24 months.) * If the eligible employee does not have a Health Care Savings Plan (HCSP) the City will assist the employee in obtaining an HCSP, if applicable under the terms of the collective bargaining agreement or provide other arrangements for the payment of the applicable incentive. C. Annual leave balances will be paid in accordance with current labor agreements, City Ordinance and/or Health Care Savings Plan Provisions, whichever is applicable. q,,? APPLICATION AND APPROVAL Applications for the early retirement incentive program can be obtained from Human Resources and must be submitted to Francie Fletcher on or before May 15, 2010 at 4:30 p.m. to be eligible for option A, or July 15, 2010 by 4:30 p.m. to be eligible for option B. To be eligible for this early retirement program, pending application approval, employees must retire prior to May 31, 2010 or July 31, 2010 depending on the option chosen. The chosen retirement date must be recorded in writing on the program application, and no changes may be made after approval. ADDITIONAL CONSIDERATIONS • Participation in this program is strictly voluntary. • To accept this offer, you must sign a release agreement acceptable to the City, which waives your right to pursue any legal claim against the City of Richfield or its employees or Council Members. • Program application forms must be completed and submitted within the timeframe set for the program. • All payments made are subject to customary payroll deductions. • All incentives contained in this incentive program are supplemental to traditional benefits of a retiring employee. • The City reserves the right to decline any employee's request for the early retirement incentive program based on the number of requests received, an employee's critical skills, or service delivery needs. • Employees that terminate employment with the City during the early retirement incentive program may not be rehired as a benefit-earning employee. Any questions regarding this program may be directed to Pam Dmytrenko or Francie Fletcher. AGENDA SECTION: OTHER BUSINESS AGENDA ITEM # 10 REPORT # 53 STAFF REPORT CITY COUNCIL MEETING MARCH 23, 2010 REPORT PREPARED BY: DEPARTMENT DIRECTOR REVIEW: REVIEWED BY CITY MANAGER: CHRIS REGIS, FINANCE MANAGER NAME, TITLE ITEM FOR COUNCIL CONSIDERATION: Consideration of the transfer of 2009 General Fund budget surplus up to $300,000 to a Capital Project Fund, effective December 31, 2009. 1. RECOMMENDED ACTION: By Motion: Approve the transfer of 2009 General Fund budget surplus up to $300,000 to a Capital Project Fund, effective December 31, 2009. II. BACKGROUND During the summer of 2009, the Governor unallotted state appropriations to balance the $2.7 billion deficits that remained after the 2009 legislative session. The City was notified that $1,295,263 of certified local government aid (LGA) would be unallotted for 2010. Based on that information, the City certified a 2010 property tax levy and did not budget for any additional LGA unallotment for fiscal year 2010. In December 2009, the state budget forecast projected another $1.2 billion deficit for the remainder of the 2010-2011 bienniums. These additional projected deficits prompted another review of the state budget for the current biennium. On Monday February 15, 2010, the Governor announced his recommendations to balance the $1.2 billion state budget deficit through his supplemental budget. The impact on cities would be an additional $118.1 million cuts in LGA and $6.9 million in Market Value Homestead Credit (MVHC). 0323General Fund The effect on the City of Richfield due to the Governor's proposed additional cuts is the loss of the remainder of budgeted City 2010 LGA in the amount of $1,218,346 and an additional cut in MVHC of $233,974 for a total reduction of 2010 budgeted General Fund revenues of $1,452,320. The grave concern for the City with these reductions is that the City's 2010 budget and tax levy have been set and the City's options for reacting to these reductions is extremely limited. Proactive actions taken by the City in early 2009 in response to 2009 LGA reductions, resulted in a positive year-end budget for 2009. Through a combination of reducing expenditures and better than expected revenues, the City closed the 2009 budget year with a surplus of approximately $340,000 in its General Fund. Consequently, in response to the proposed cuts in LGA and MVHC as proposed by the Governor, staff is recommending the transfer of $300,000 of the 2009 year-end surplus to the 2010 General Fund budget. This would be accomplished by first transferring the $300,000 into the same Capital Project Fund that was used to hold the previous LGA set aside from 2007. These funds would then be available to put towards the 2010 General Fund budget and the deficit created by the Governor's recommended cuts. 1111. BASIS OF RECOMMENDATION A. POLICY • The City's auditors recommend that all non budgeted transfers be approved by the City Council. B. CRITICAL TIMING ISSUES • The transfer will need to be made before finalizing the 2009 budget year. • Funds will be needed soon to help assure that the General Fund not be placed in a position of a temporary negative cash balance. C. FINANCIAL • The recommended transfer is $300,000 of current 2009 General Fund surplus for use in balancing the unallotment in the 2010 General Fund budget. These funds were saved during budget year 2009 and are needed now. D. LEGAL • N/A E. ENVIRONMENTAL CONSIDERATIONS • N/A ALTERNATIVE RECOMMENDATION(S) I V. ATTACHMENTS I VI. PRINCIPAL PARTIES EXPECTED AT MEETING 0 None