HomeMy WebLinkAboutCCP 12-21-1995
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.. CITY OF ARDEN IDLLS
MEMORANDUM
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DATE: December 18, 1995
. TO: Mayor and City Council
Brian Fritsinger, City Administrato@
. FROM:
SUBJECT: Administrator Comments for December 21, 1995, Council
. Worksession
l. Aeenda Items
. a. Parks and Recreation Committee Report
The Parks and Recreation Committee will be present to meet with the Council.
. b. Creation of Economic Develooment Authority lEDA)
Attached, the Council will find information related to the creation of a local EDA.
. The formation of this body has been discussed throughout the past year. With the
conclusion of the planning efforts at TCAAP, the EDA could be a valuable asset
.. in implementing parts of the proposed plan.
c. Economic Development Committee Report
The EDC will be present to meet with the Council. One of the items the Council
. will need to recognize is the potential relationship between the EDA and EDC.
Staff would recommend these bodies be separate with the Council acting as the
EDA and the EDC possibly becoming a subcommittee.
. d. Human Rights Committee Report
I The Human Rights Committee will be present to meet with the Council.
e. Utility Rate Studv
.
. Mr. Post would like to review some issues in regards to a local Utility Rate Study.
f. Drul: Testinl!
. The Council should bring the packet of materials addressing this subject which
were provided as part of the December 11, 1995 Council Agenda packet. Staff
would like to review this program with the Council prior to the December 26,
. 1995, meeting.
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2. Non-A!:enda Items .1
a. Employee Luncheon
The employees will be having their annual potluck lunch on Wednesday, I
December 20, 1995. If any of the Council are interested, the festivities begin .
about 11 :30 AM.
b. December 12. 1995. Letter From Lyle and Elaine Salmela I
The letter is a response to the proposed 1996 trail project. The Salmela's are the
property owners who have built their putting green in the trail easement area. I
c. Ramsey Countv League of Local Governments Dues
I would like to have the Council briefly discuss the benefit of being members of I
this organization. While this is a budgeted 1996 item, I am interested in whether
or not the Council sees benefits to being part of the RCLLG. I
d. Countv Road F Safety Issues
The Council requested this information from Craig Wilson. Please advise Mr. I
Stafford or myself if you would like to see any of these items pursued further.
e. Investment Portfolio I
The City investment portfolio as of November 30, 1995, is provided for your
reVlew.
f. Committee Appointments -I
There are a number of openings on almost all Municipal Committees. Staffhas
advertised in the newspaper, Cable TV and local bulletin boards, but have not had I
anyone express an interest. The Council may wish to discuss this in more depth.
g. 1995 Property/Casualty Insurance Dividend I
The City has received a dividend check in the amount of$28,093. This was not a
revenue source identifed in the 1995 budget. I
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.. CITY OF ARDEN HILLS
MEMORANDUM
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. DATE: December 4,1995
TO: Mayor and City Council
. FROM: Brian Fritsinger, City Administrator C6~
. SUBJECT: Backl!round and Powers of Economic Develonment Authoritv's
. I. Background on the Economic Development Authorities Lel!islation.
The 1986 Minnesota Legislature enacted legislation (Chapter 458C) which authorized
cities to establish an economic development authority (the "Authority"). The law
. provides the cities with the powers of Chapters 462 (Telating to Housing and
Redevelopment Authorities) and 472A (relating to Municipal Development Districts), as
well as additional powers specified in Chapter 458 C.
I In 1987 the Legislature repealed the statutes cited above and re-enacted them as Chapter
.- 469. References to statutes in this summary are references to the new citations.
II. Procedural Requirements.
A. Enabling Resolution
I
1. Publication Requirements. Pursuant to Minnesota Statutes. Section 469.093, the City
I Council must pass a resolution known as the "enabling resolution"(See attached sample).
Prior to adopting the enabling resolution, a public hearing must be held, with notice of the
public hearing being published in a newspaper of general circulation within the city once
. per week for two consecutive weeks. The first publication must not appear more than 30
days from the date of the public hearing.
2. Limitations of Powers. Minnesota Statutes, Section 469.092 provides the following .
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limitations upon the actions of the Authority which may be imposed through the enabling
resolution:
. (a) No powers contained in Sections 467.001 to 469.047, 469.090 to 469.108, and
469.124 to 469.134 may be exercised by the Authority without the prior approval
I of the City Council.
. (b) The City Council may, by resolution, require the Authority to transfer any portion
of the reserves generated by activities of the Authority, except when previously
pledged by the Authority, to the debt service fund of the City, to be used solely to
.- reduce tax levies for bonded indebtedness of the City.
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.. (c) That the sale of all bonds or obligations to be issued by the Authority be approved
by the City Council prior to issuance.
. (d) That the Authority follow the budget process fOT City departments. -.
. (e) That all actions of the Authority be consistent with the comprehensive plan of the
city.
. (t) That the Authority submit all planned activities for influencing another
governmental body to the City Council for approval.
. (g) That the Authority submit its administrative structure and management practices
to the City Council for approval.
. (h) Any other limitation or control as determined by the City Council and adopted in
the enabling resolution.
. B. Board of Commissioners.
1. Commission Size. Pursuant to Minnesota Statutes, Section 469.095, after the
. enabling resolution has been adopted, the board of commissioners of the
Authority must be appointed. The Authority can have a board of commissioners
.- ranging in size from three to seven members. The following table shows the
membership and terms of the various size boards. All commissioners are
appointed by the Mayor and approved by the Council.
. Minimum
Numbers of City Council
Board Size Members on Board Initial Term of Office
. 3 1 2,4, 6 years
5 2 2, 3,4, 5, 6 years
. 7 2 1,2,3,4,5, and
2 for 6 years
After the initial term, all commissioners are appointed for six year terms. As an .
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option. the Council may serve as the board of commissioners or provide for the
appointment of more Council members to the board of commissioners than the
. number indicated in the above chart.
Pursuant to Minnesota Statutes. ~ection 469.095, subd. 3, the board of
. commissioners may be increased in size. In order to increase the board's size, the
Council must modify the enabling resolution.
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.. 2. Compensation and Reimbursement. Minnesota Statutes, Section 469.095, subd.
4, provides that the board of commissioneTs shall be compensated for attending
. each regular or special meeting of the Authority. The City Council shall determine
the amount of compensation. The commissioners may also be reimbursed for -
expenses incurred when doing official Authority business. Compensation and
. reimbursement are to be paid from the Authority's budget.
3. Bylaws. Rules. Seal. Pursuant to Minnesota Statutes Section 469.096, subd. I, an
. Authority may adopt bylaws and rules of procedure and shall adopt an official
seal. Such by-laws shall be approved by the Council.
. 4. Officers. Pursuant to Minnesota Statutes, Section 469.096, subd. 2, an Authority
shall elect a president, vice president, treasurer and secretary and an assistant
. treasurer. The president and vice president shall be elected annually from among
the commissioners. The secretary, treasurer, and assistant treasurer do not have to
be commissioners. Although a commissioner cannot serve as president and vice
. president concurrently, other offices of the Authority may be held by the same
commissioner.
. 5. Bond. Pursuant to Minnesota Statutes, Section 469.096, subd. 6, the treasurer of
an Authority must give bond to the state for the faithful discharge of the
.- treasurer's official duties. The bond must be approved by the Authority and filed
with the secretary of the Authority. The amount of the bond must be for twice the
amount of money likely to be on hand at any given time but not exceeding
$300,000.
. 6. Financial Statement. Minnesota Statutes, Section 469.100, subd. 2, must admit
its budget to the City Council annually. The budget is to include a detailed written
. estimate of the amount of money the Authority needs from the City to conduct its
business during the next fiscal year. The fiscal year of the City Council and the
I Authority must be the same.
7. Tax Levv. Pursuant to Minnesota Statutes, Section 469.107, the City may levy a
tax up to 0.01813 percent of taxable market value annually for the Authority. If -
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the City Council decides to levy a tax for more than 0.01813 percent of taxable
market value, a reverse referendum (including a public notice) provision applies.
. III. Procedures Relating to the Transfer of Authoritv or Establishment of an Economic
Development District.
. A. Transfer of Authority. Minnesota Statutes, Sections 469.094 allows the City to
divide any of the powers granted under Sections 469.001 to 469.047 and 469.090
to 469.108, relating to economic development, housing and redevelopment,
. between the economic development authority and any other authority. An
ordinance, passed by the City Council, allows the powers to be divided among the
.- authorities.
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.. Also, the City may, by resolution, transfer the control, authority and operation of
any project as defined in Minnesota Statutes, Section 469.174, subd. 8 or any
. program or project which is authorized by Sections 469.001 to 469.047 or
Sections 469.124 to 469.134 to the Authority. The economic development -
authority may exercise all of the powers that the previous governing unit
. exercised with respect to the project. Minnesota Statutes, Section 469.094, subd.
2.
. B. Establishment of an Economic Development District. Pursuant to Minnesota
Statutes, Section 469.101, subd. I, an Authority may create an economic
. development district(s) the ("District") at any place or places within the City
provided that:
. 1. The District must satisfy the requirements of Minnesota Statutes, Section
469.174, subd. 10 (findings for a redevelopment tax increment financing
district).
. 2. The District boundaries must be contiguous.
I 3. The Authority holds a public hearing on the establishment of the District
with at least a ten-day publication notice.
.. 4. The Authority makes the finding that the District is proper and desirable to
establish and develop within the City.
I IV. Powers of the Authority.
A. Property. Pursuant to Minnesota Statutes, Section 469.101, subd. 2, 3,4,5,6,7,
I 10,13, 17, and 18:
1. An Authority may acquire by lease, purchase, gift, devise, or
. condemnation proceedings, the needs rights, title and interest in property
to create economic development districts.
2. An Authority may sign options to purchase, sell or lease property. -
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3. An Authority may use eminent domain to acquire property it is authorized
. to acquire by condemnation.
4. An Authority may make contract for the purpose of economic
I development within the powers given in Chapter 458C. The Authority
may contract to purchase and sell real and personal property. However, an
obligation must not be incurred except when existing funds together with
I reasonable expected revenue of the Authority from other sources are
sufficient to either discharge the obligation or pay the expense when due.
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I. 5. The Authority may be a limited partner in a partnership as long as the
purpose of the partnership is consistent with the Authority's purpose.
I 6. The Authority may acquire property rights or an easement for the -
development of a district.
I 7. The Authority may sell or lease land held by it in a District for economic
development.
I 8. The Authority may operate and maintain a public parking facility or other
I public facility to promote development in a District.
9. An Authority may accept conveyances of land from other public agencies
I or units of government if the Authority can properly use the land in a
District to carry out the purposes of Sections 469.090 to 469.108.
I 10. An Authority may fill, grade and protect the property, including doing
anything necessary to make it suitable for economic development. An
Authority may lease some or all of its property and may set up local
I improvement districts in all or part of the District.
I. B. Cost of Redevelonment. Pursuant to Minnesota Statutes, Section 469.090, subd.
5, cost of redevelopment includes:
1. Acquiring property (by purchase, lease, condemnation or otherwise).
I 2. Demolishing, removing structures or other improvements on the acquired
I property .
3. Correcting soil deficiencies.
I 4. Constructing or installing public improvements, including streets, roads
and utilities.
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I 5. Providing Telocation benefits.
I 6. Planning, engineering, legal and other necessary services to carry out
activities listed in (1) through (5) above.
I 7. The allocated administrative expenses of the Authority for the projects.
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I. C. Sale of Property. Pursuant to Minnesota Statutes, Section 469.105, an Authority
may sell and convey property owned by it within the City or the district if the
I Authority determines the sale to be in the best interest of the City or district and
the sale furthers the Authority's general plan for economic development. -
I PriOT to the sale of the property, the Authority shall hold a public hearing, with
published notice given at least 10 but not more than 20 days prior to the hearing.
I D. Advances bv Authority. Pursuant to Minnesota Statutes, Section 469.106, an
Authority may advance its general fund money, its credit or both, without interest,
I for the purpose of 469.090 to 469.108. The advances, however, must be prepaid
from the sale and/or lease of developed or redeveloped lands.
I V. Bonds
A. General Obligations Bonds. Pursuant to Minnesota Statutes. Section469.102, an
Authority may issue general obligation bonds with the approval and authorization
I of at least two-thirds of the City Council.
The bonds may be issued to secure funds to pay for acquired property or any other
. purpose stated in Sections 469.090 to 469.108. The bonds may be issued in
anticipation of income from any source.
.- B. Revenue Bonds. Pursuant to Minnesota Statutes, Section 469.103, an Authority
may by resolution decide to issue its revenue bonds. The revenue bonds may be
issued to:
. 1. Acquire land.
I 2. Purchase or construct facilities.
I 3. Purchase, construct, install or furnish capital equipment to operate a
facility for economic development within a city.
4. To pay, extend, enlarge or improve a project under its control. .
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5. Establish an initial reserve to pay the principal and interest on the bonds.
I VI. Special Law Relating to Port Authorities. Pursuant to Minnesota Statutes, Section
469.108, if a city has. established a port authority by special law and subsequently elects
, to use the powers granted in Sections 469.090 to 469.108, the powers and duties set forth
in Sections 469.090 to 469.108 supersedes the special law and the special law relating to
port authorities must not be used anymore.
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I. CITY OF ARDEN HILLS
MEMORANDUM
I -
DATE: December 18, 1995
I
TO: Brian Fritsinger, City Administrator
I FROM: Terrance Post, City Accountant @
I SUBJECT: 1996 Utilitv Rate Issues
I I intend to put forth a resolution for Council consideration at the December 26, 1995 regular
Council meeting that deals with 1996 rate recommendations for the water, sanitary sewer, and
surface water management utilities. I thought it might be of some value to discuss some issues
I that surround this topic informally at the December 21, 1995 Council worksession.
1. Water Utility ,
I The primary cost driver in this fund is purchased water from the City of Roseville. It is
estimated that this cost element will increase 2.5% in 1996. As this cost category
.. represents approximately 57% of the operating expenses of this utility, a percentage
weighted price increase could be calculated in the following manner:
I Cost Category % Increase % of Budget Wtd%
Purchased Water 2.5% 57% 1.4%
Personal Services 3.2% 14% .4%
. All other (.4%) 29% (.1 %)
Calculated 1996 Price Increase 1.7%
I 2. Other Considerations
a. Drop minimum charge for non-senior residential water customers.
b. Drop distinction between winter and summer rates. -
I 3. The impact on rate per thousand gallons would then be $2.09 * 1.017 = $2.13
I 1. SanitarY Sewer
I The primary cost driver in this fund is flow charges from the Metropolitan Council
Environmental Services (MCES). It is estimated that this cost element will increase 3.2%
in 1996 for current costs. As this cost category represents approximately 63% of the
I operating expenses of this utility, a percentage weighted price increase could be
calculated in the following manner:
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Cost Catel!orv 0/0 Increase % of Budget Wtd.% ..
Current MCES 3.2% 63% 2.0%
Personal Services 2.8% 17% .5% .
All Other (16.4%) 20% (3.3%) -,
(,8%)
2. There has been some discussion in the Finance Committee to change the residential .
sewerage rate from a "flat rate" billing method to a "fixed/variable" method based on .
consumption.
I am not recommending this approach be followed at this point in time. .
3. The impact on fixed residential rates and the rate per thousand gallons would then be
calculated as follows: .
Residential flat $53.95 *(.8%) = $53.55
Senior flat $26.95 * (.8%) = $26.75 I
Consumption Rate $2.79 * (.8%) = $2.77
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Surface Water Management .
No rate changes are recommended for 1996.
Recap ..
The average Arden Hills residence used approximately 80,000 gallons of water in 1995.
Comparing actual 1995 and recommended 1996 rates to this consumption would yield the
following annual dollar and percentage increase: I
Change .
Billing- Item 1995 1996 ~ 0/0
Water Consumption $169.60 170.40 .80 .5%
Standby/Test Fee 9.21 9.21 _n ---
Sanitary Sewer 215.80 214.20 (1.60) (.7%) .
SWMFee 3.98 3.98 --- ---
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$398.59 $397.79 ~ .2% -
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~ CITY OF ARDEN HILLS
MEMORANDUM
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I DATE: December 14, 1995
TO: Brian Fritsinger, City Administrator
. FROM: Terrance Post, City Accountant @
. SUBJECT: November Ooeratinl! Results/Commentarv
Enclosed are General Fund (101) Budget Summary and Budget Summary (All Funds) schedules
I for the eleven months ended November 20,1995. In addition, Investment Portfolio schedules as
of November 30, 1995 are also enclosed for your review. Following is commentary regarding
items I wish to call to your attention.
I A. General Fund (101) Revenue
1. Although property tax collections in the December tax settlement were not
. received until 12/1195, I have accrued a November receivable to book the revenue
and facilitate analysis. Due to the significant amount withheld in pending petitions
.. and adjustments in this settlement, it appears that the property taxes revenue
category may experience a $1 OOk or 6% negative budget deviation.
. 2. Licenses and permits revenue remains exceedingly strong with a $95k or 165%
positive budget deviation occurring through November. The positive performance
in this revenue category will largely offset the negative performance in the
I property taxes revenue category.
3. Although the Intergovernmental Revenues category is currently showing a $50k
. (81 %) negative budget deviation, the City would still expect to receive $5k in
MSA maintenance funds and approximately $50k in HACA aid in December.
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. 4. Fines and Forfeits revenue reflects only distributions from the county through
September, 1995. It is anticipated that this category will not be a negative budget
. deviation item at year-end.
5. In the Miscellaneous Revenue category, $115k was budgeted for !lquipment sales.
I Thus far only $4k (Toro Groundmaster) has been received. The remaining $Ilk
was to come from the sales of a Public Works pickup and a Parks pickup. The
new Public Works pickup has been purchased but the replacement not yet sold.
., The new Parks pick up has not yet been acquired. Consequently, the vehicle to be
replaced is still in service.
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B. General Fund (101) Expenditures
6. Mayor & Council Department expenditures are currently significantly I
underspending in the areas of Professional Services - Management Fees ($5k),
Newsletter Printing ($6k) and Donation to NYFS ($1 Ok). It is expected that labor
negotiation services from LRA will use up the current Management Fee positive I
deviation. Likewise, the printing costs for the Winter 1995/1996 Recreation Guide
are expected to exhaust the Newsletter Printing positive deviation. The planned, I
but not required, donation to NYFS is expected to remain a $10k positive
deviation.
7. Administrative Department expenditures are significantly underspent in the areas I
of Administrative full-time salaries ($54k), Pera ($3k), and FICA ($4k). These
positive deviations arose from staff turnover in the City Administrator, I
Community Development Director and Administrative Secretary positions.
8. Planning and Zoning Department expenditures are significantly underspent in the I
areas of Temporary wages, ($Ilk) and travel/training ($3k). These positive
deviations arose from the planned intern not being hired and turnover/workload ..
impacting the staff planner's training schedule.
9. Economic Development Department expenditures have been minimal (7%)
against the budget. This positive budget variance has largely resulted from not I
hiring the planned for intern in 1995. Contributing factors were staff turnover in
the Community Development Director position, early uncertainty regarding the I
outcome of Everest Development at the Gateway District, and reprioritization of
staff time on TCAAP and Ogren Townhouse projects.
10. Government Buildings Department expenditures are already exceeding the annual I
budget. The significant budget overrun item is in the capital account area of
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Construction Contracts ($18k). This negative budget deviation results from the I
approved, but unbudgeted, installation of a make-up air system in the public
works garage to deal with a diesel fumes issue.
11. Protective Inspections Department expenditures have already exceeded the annual I
budget. This situation is directly related to the positive revenue deviation
condition in the licenses and permits area. I
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~ 12. Police Protection Department expenditures appear to be on track to exceeding the
annual budget. The City has already paid eleven $45k monthly installments, with
one to go (December), toward the 1995 service contract. This will result in total
Sheriff's Department 1995 billings of$539k. However, the Sheriff's Department -
has estimated that 1995 costs will total $497k. Therefore, an approximate $43k
I rebate is expected to be received in 1996 that will result in 1995 police protection
costs coming in right on budget at $497k.
I 13. Fire Protection Department expenditures are already exceeding budget. This is the
net result of a positive and negative spending deviation. The negative budget
I variance is overspending $12k for the State Fire Benefit payment to the LNFD
Relief Association. However, this expenditure variance is offset by a positive
$12k revenue variance. The positive spending deviation of$7k is for a
I proportionate cost share of a new Chiefs vehicle. It is the position of the City that
capital expenditures such as these be funded out of Alliant Tech Systems, Inc.
additional LNFD contract revenues.
I 14. Street Maintenance Department expenditures do not yet reflect any pavement
management allocations from the County Road F reconstruction project. It is
I anticipated that, when this over budget allocation is made, additional revenues
will also be allocated to the General Fund from Ramsey County participation
- monies. The impact of this revenue allocation will be to fund the pavement
management expenditure budgetary overage.
15. Park Maintenance Department expenditures have two significant positive budget
I variances. They are $4k in temporary park maintenance employees and $36k in
capital equipment. The capital item is a budgeted, ordered, but not yet received
I 4x4 pick up.
16. Operating Transfers Out expenditures reflect everything but the operating subsidy
I to the Diseased Shade Tree Fund.
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~ CITY OF ARDEN HILLS
GENERAL FUND (101) BUDGET SUMMARY ~
FOR ELEVEN MONTHS ENDED NOVEMBER 30, 1995 -
RF.V1i:NlTF."
I .. ,itit ., ... 'A '1, MAlNlNct Yo ETI COMPARABLE','1994'Ai:'rUALS
..... =:......I...~_c:~;~;::I~UDGl:fSI~~1 .......AM01lNT.....195J94VARl'Cr
PROPERTY TAXES 51 664 600 5655 745 51-"6Z 091 StOz.509 94-;.. 51 <13410 -1%
I LICENSES & PERMITS 147.z50 17360 Z4:1.405 '0<155 165% 177 704 36%
INTERGOVERNMENTAL REV Z63.578 67 Z13 463 51 115 81..,. ZOZ.180 5".
CHARGES FOR SERVICE Z:I.050 170Z Z57Z1 I:l.m 112-1. Z4'U 6-;.
I FINES & FORFEITS Z6.700 0 Z:I.074 4.6Z6 83". 191Z6 14-.1.
MISCELLANEOUS RECEIPTS Z5 075 2.491 15.949 H:l6 64-;. n015 33%
INTEREST INCOME 4000 10Z8 1304Z '904Z 326". 4407 196%
I OTHER INTERNAL REVENUE Z7 450 6.061 27 450 0 100% Z6.650 J-J.
OTHER FINANCING USES 0 0 0 0 0-1. N/A
GRAND TOTAL REVENUE I $1 181 6031 $695.8561 $1 nH95 I 5594081 97-;.1 $1 040 6041 w.
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F.XPENDITlfRKS'
I - . Ai:'rUALS.' . ....llUMAtNtNd..."..BUOOET. COMPARAIILE,"I_ACrUALS
.... CURMTlt..JYRTODATE.I....BUDGIlTS...IEXPENDED~ .....AM01lNT......19!i194VARl'Cr
~&COUNCIL I $10.0'0 I "'-0<S8 S44 7331 $1"""'1 63% 5541711 -17-;.
IONS I 1001 0 1141 114j 114% 8"'Z71 .99%
ADM1NISTRATIVE OFFICE Z90."5 n.411 Z3Z..... ""-OSI 80% Z71.854 -14-1.
LEGAUMUN. COURT 58100 6.678 49-"91 1.509 8S-1. 41741 1'-/.
I PLANNING & ZONING 36.910 175 18-"Z3 18,387 50% 3751 394%
ECONOMIC DEVELOPMENT 15195 0 175 15.0Z0 0% 1.188 -17-1.
GOVERNMENT BUILDINGS 1 47.570 I ZU031 560191 ,....9' 118% 35 44Z 1 58"'.
I PROTECTIVE INSPECTIONS 1 68.130 I 9...1 810361 11'-7"'" 1%O./. 636nl 2'0/.
POLICE & ANIMAL CONTROL 1 504 48Z I 4<-130 499-"10 1 .un I 99% 5Z5 450 I -5%
F1RE PROTECTION I Zll0001 0 Zl5.867 I ,.""" tOl-/. Z79153 I Z".
I STREET MAINTENANCE I 306.4651 n.8651 139.<501 ....9151 7rk ZZ3 OS9 I 7".
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SUMMER PLAYGROUND 11 485 0 7333 3.55Z 690/. 9115 -15..,.
I SKATING RINKS 45.815 Z.z91 37390 7.8Z5 83% 30499 15'-/.
PARK MAINTENANCE ZZ0.840 13194 160 607 ""3 73". 137 073 17,..
OPERATING TRANSFERS OUT I 199.4451 194 750 194 750 I <-1951 91% 118.750 I N1A
I GRAND TOTAL EXPENDITURES I S:!.157.94Z I S3Z9 713 S1.910.z3Z I 3Z47 710 I 89./. 51003445 6".
I IREVENlJE'LESS'EXPENDITURES' .' ''''Sll,661 5366;143". 5%11,963 . . (S188;30Zj
')!'()'fE'.IF'REVENUESAND.'EXPENDITURES()CCURED~YUIROU~HOllT
I.}........THEYTD PCT.OFANNtJAL BUDGETREcDiExPENDEDWOULnBE9n';;
'10195.WK4
I V nn95 DLS
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:- City of Arden lI1UJ
Investment Portfolio Analysis
NOVEMBER 30,1995 -
.
""0"'_
I Money Market Account. ( MMA) 5889;030
4M (Mn M.Didpal MM Fed) S898,479 $1,914,511 $1,067,259
No...e.. Fu.d. (U.s. Go"'- F..-d) 54,1l5 54,360 6,208 10,588
PalDe Webber (Cash Fed) 14,248 14,315 0 0
I PlperJaIfray (Mouey MIa Fed) "" 647 0 0
SmIth Hamey She.nOR (Dally Diy Fud) 17 463 20 2 43 126 561
Total Money Market 9I4,95!J 2,014,055 1,116,593 948,179
01. or Total 150/. 17.3% 30.80/. 11.5% 15.00/.
I Find Rate Inltrtlmenu lFRn
HartI1bymoud J..... (Go" Doed.) 4I0,00O 400,000 0 0
4MJDaID Dosworth (CD's,Go'" Doed.) 1,000,00o 900,000 1,300,000 1,300,000
I NONest !D,vest Services (Govt Roads) JOO,OOO 300,000 1,200,000 1,500,000
P3iDe Webber (Go'" Do.ds) 489,124 489,124 0 0
PlperJafl'ny (Go... Doud.) 0 0 0 0
SmIth Hamey Sheanoe (CD's,Go'" Douds) 810,000 810,000 1,105,000 1,105,000
I Total FRI z,m 2,899,124 3 605,000 3 000
-,t. or Total 65." S1.7% 44.30/. 56.6% 62.lW.
MutDaI Fnndil 0
PIper Jafl'ny (lostit Go"'locome) 519,!l93 510,611 0 0
I Leu: ValUstiOD Reserve '* N/A 69 1 0 0
Total Mutual Funds 519,!l93 440,695 0 0
% Of Total 0% 9.1% 6.70/. 0.0"". o.O"Ao
.- 7..em CO.DOn Indraments IZ'F.ROS\
4MJDaID Dosworth (Ageucy Strips) 0 688,9OJ 489,598
PIper JaIfray er.....'" Strip.) 29!l,103 299,103 0 0
SmIth Hamey SheanOR (FOG, TV A,CA T) 886,513 886,513 886,513 886,513
I No...e.. lav Sent<e. (CD) 0 0 71152 71152
Total Zeros 1,185,616 1,185,616 1,646,568 1,447,263
% Of Total 20-.4 2o.8'Ao 18.10/. :zs.g-/. no-i.
I Total htVestmeDII l00"Ao 94\10 $6
R~orl995 Actlvi~ R~.riII.Ha. oll~ VTD nllDIM::
I 11JJ0I9S Cash'" Ia..-.u.. HaIaDce $6,300,442 MMA'. ($1,065,876)
011011!l5 Cash '" I..e-.... HaIaDce 6..~19 490 FRI'. 1,005,876
Mat Fuels (440,695) ~
ZERO', :wMZ ~
I Portfolio I.crease ( Decrease ) 1$239.0481 1$239.048)
.. Net g~t boome $255,127
I N.. 0ecIda& (494 1751
($239.048\
I . As a resa.lt of the yearend 12131194. erten.al .adlt ....-....-ttoa,a "1IW'k to aurJalt- adJUlDleUt
was booked ud ".. adJ.- accordlDgIy to relIect the ......... _.... oftWs Ia_.t.
~ E:<clade.1mpact or """"'112/31194 "",,",eel Ia_ ($29,143) ad lCJ95_
., lDcome accredoa from zero coapoa.lasCralDeats.
I 95POR.'IFO
rev 12129S dls
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3490 Lexington Avenue North DEe 1 3 ';995
SI. Paul, MN 55126 (i i f v{ h:l.....:I. d....i.)
(612) 490-5600
CAPlTOLCOUNTY
OF MINNESOTA INVOICE
RAMSEY COUNTY MEMBERS
Arden Hills RAMSEY COUNTY LEAGUE OF LOCAL GOVERNMENTS
Falcon HeIghts 1996 MEMBERSHIP DUES
Gem Lake
Lauderdale
- UttIe canada
Maplewood TO: City of Arden Hills
Mounds View A TTN: Accounting Department
New Brtghton FROM: Cheryl Budewitz
. North Oaks RCLLG Coordinator
North Sf. Paul
. Ramsey County DATE: December 11, 1995
Roseville
Sf. Anthony
Sf. Paul
Shorevfew The 1996 membership dues for the Ramsey COlmty League of Local
- Vadnais Heights Governments for the city of Arden Hills total $540.20. Please make
White _ Lake
checks payable to "Ramsey County League of Local Governments". A -'
White B..... Township
ASSOCIATE MEMBERS sself-addressed envelope is enclosed for return of your payment.
Mounds View School
DIstrict #021
North Sf. PauV
Maplewood School If you have any questions, please contact Cheryl Budewitz, RCLLG
DIstrict #622
Roseville School Coordinator at 215-4000.
DIstrict #823
Sf. Paul Sehool
DIstrict 1M!25
~Ite B.... Lake
Sch. DIst. #024
. Ramsey Soil & Water
Conservation District Primed Oil recycled pap6I
-~
,
-, DEe 15 1995
FROM: LYLE AND ELAINE SALMELA 12/12/95 t;" ," "" ~ ;.,;1 ,;ilo.r..)
1480 ARDEN VISTA COURT
-
LOT 7, MCLUNG THIRD ADDITION
TO: ARDEN HILLS PARKS AND RECREATION COMMITTEE
SUBJECT: 1996 BITUMINOUS TRAIL DEVELOPMENT-12/12/95 MTG.
The trail adjoining the townhouse properties should be paved in its present
location for the followng reasons:
1. A meandering trail through trees and open space is more aesthetically
pleasing to view nature and relaxing than a straight trail. Everyone we have
talked to on the trail, including architects and environmental managers, like
the trail where it is presently located. It provides the greatest amount of
privacy for hikers and homeowners.
2. The townhouse residents are the major users because there are over 4
times more townhouses adjoining the trail than homes. Thus it seems
reasonable that the majority of the trail should be on the townhouse
. property.
. 3. Hikers, bikers and dogs often take short cuts across our lawns. Leaving
the trail where it is will help minimize that from happening once the trail is
developed.
! ~~flA/~
L y: E R. SALMELA / ELAINE D. SALMELA
GISTERED E~VIRONMENTAL MGR.
-
-
.
.
.
~
-
- .
County Road F West
Safety Issues
Stop Signs Yes No Maybe
12 2 1
Janet Court 2
Fairview 4
Valentine Ave. 5
Crystal 2
Speed Limit Change Don't Change
10 3
30 8
25 2
Name Change Don't Change
8 3
Valentine Lake Rd 2
. Valentine View Rd 1
Valentine Drive 1
Arden Way 1
Farrell Rd 1
Shorewood Hills Dr 1
Call For Enforcement 3
.