The URL can be used to link to this page

Home My WebLink About2007-12-26 Set Agenda & Handouts tervi[[e lEstafj(isIied 1857 CITY COUNCIL WORK SESSIONS & MEETING AGENDA COUNCIL WORK SESSION I. CALL TO ORDER 1. Roll Can Wednesday, December 26, 2007 6:00 p.m. Items in Red = Set Agenda II. INTERVIEW P & R CANDIDATE 1. Mr. Patrick Branch, 1618 Hunters Ridge Lane (page 1) III. ADJOURNMENT COUNCIL MEETING I. CALL TO ORDER 1. Roll Call II. PUBLIC HEARINGS 1. Subsequent Hearing - Truth and Taxation Process - 6:35 p.m. III. APPROVAL OF AGENDA IV. APPROVAL OF COUNCIL MINUTES 1. December 12, 2007 Truth and Taxation Hearing Meeting Minutes (pages 2- 3) 2. December 12, 2007 City Council Meeting Minutes (pages 4-12) V. CONSENT AGENDA 1. City of CenterviUe December 13, 2007 through December 26, 2007 Claims (page 13 & 13a) 2. Centennial Fire District Claims Through December 11, 2007 (page 14) 3. Centennial Lakes Police Department Claims Through November 30 & December 12,2007 (pages 15-17) 4. Res. #07-OXX - Authorizing Prepayment of Bonds & Closing Certain Debt Service Fund (page 18) Replace with New Page 5. Res. #07-OXX - Approving 2007 Tax Levy, CoUeetable in 2008 (pages 19) 6. Res. #07-OXX - Approving 2008 Budget (pages 20) 7. Anoka County Agreement for Residential Recycling Program (pages 21-28) 8. Disbursement of Fire Relief Aid Fund - 5137,100.00 to Centennial Fire District (page 29-30) 9. Renewal of Massage Therapist License - Ms. Lisa Kieselhorst (Sense of Life) - Subject to Successful Criminal Background Check) (Page 30a) 10. Renewal of Massage Therapist License - Ms. Jennifer Klein (Serenity Now Healing) - Subject to Successful Criminal Background Check) 11. Renewal of Massage Therapist License - Mr. William Klein (Serenity Now Healing) - Subject to Successful Criminal Background Check) (Subject to Health Care Screening) 12. Approval of Sauna(s) or Massage Parlor(s) License - 7043 - 20tb Avenue South (Serenity Now Healing) 13. Successful Performance Review Receptionist, Ms. Kim Stephan - Completion of Year 6, Grade 4, Step 5 & Increase to Step 6 14. Successful Performance Review City Clerk, Ms. Teresa Bender- Completion of Year 9, Grade 8, Step 7 & Increase to Step 8 15. Extension of Completion Date Public Works Building - December 27 to February 15, 2008 16. Res. #07-0XX - Authorizing Prepayment of Bonds & Closing Certain Debt Service Fund - Fund #342 (Page 30b) 17. Res. #07-0XX - Authorizing the Finance Director to Transfer Funds to Close Out Inactive Funds (Page 30c) VI. A W ARDSIPRESENTATIONS/APPEARANCES 1. Mr. Greg Kieselhorst, Centenrille Lion's Request for Special Event Permit, Temporary On Sale Liquor License & Raffle Permit for the 2008 Ice Fishing Contest - Saturday, February 9 or February 16, 2008 VII. OLD BUSINESS VID. NEW BUSINESS 1. Approval of Centenille Lion's Request for Permits Associated with the 2008 Ice Fishing Contest - Saturday, February 9 or February 16, 2008 (pages 31-44) 2. Consideration of Submitted Bids for the Purchase of the City's 1951 Studebaker Fire Truck (pages 45-46) 3. Consideration of Purchasing New Telephone System for 2085 Cedar Street Building - New Public Works (pages 47-54) 4. Res. #07-OXX - Sponsorship of the Attached Community Development Block Grant Application (pages 55-63) 5. Consider Purchase Agreement of Lots 8 & 13, Block 7 - Centerville ($225,500) IX. ANNOUNCEMENTSIUPDATES 1. City Administrator, Mr. DaUu Larson 2. NMTC Meeting Talking Points - Update (Lakso) (pages 64-65) x. ADJOURNMENT COUNCIL WORK SESSION I. CALL TO ORDER 1. Roll Can II. ITEMS OF DISCUSSION 1. Beard Group - Downtown Redevelopment III. ADJOURNMENT * * REMIND ERS * * New Years Day - January 1~ 2008 - City Hall Closed Planning & Zoning Commission Meeting - January 8, 2008, 6:30 p.m. Council Chambers Parks & Recreation Committee Meeting- January 2~ 2008, 6:30 p.m. Council Chambers City Council Meeting- January 9~ 2008, 6:30 p.m. Council Chambers CITY OF CENTERVILLE 12/26/07 2:57 PM Page 1 tervi{{e *Check Summary Register@) 'E."t-ofiisliedM .1lI.57 DECEMBER 2007 UPDATE Name Check Date Check Amt 10100 MAIN STREET BANK Paid Chk# 022994 ANOKA COUNTY 12/26/2007 Paid Chk# 022995 A VLIC 12/26/2007 Paid Chk# 022996 BONESTROO, ROSENE, ANDERL 12/26/2007 Paid Chk# 022997 BUSINESS FORMS & ACCOUNTI 12/26/2007 Paid Chk# 022998 CRYSTEEL TRUCK EQUIPMENT 12/26/2007 Paid Chk# 022999 EARL F. ANDERSEN INC 12/26/2007 Paid Chk# 023000 FLEET SERVICES 12/26/2007 Paid Chk# 023001 HACH COMPANY 12/26/2007 Paid Chk# 023002 KJOLHAUG ENVIRONMENTAL S 12/26/2007 Paid Chk# 023003 NATIONWIDE RETIREMENT SOL 12/26/2007 Paid Chk# 023004 NCPERS LIFE INSURANCE 12/26/2007 Paid Chk# 023005 PETERSON, TEDO 12/26/2007 Paid Chk# 023006 QWEST 12/26/2007 Paid Chk# 023007 UNIVERSITY OF MINNESOTA 12/26/2007 Paid Chk# 023008 PRESS PUBLICATIONS 12/26/2007 Total Checks $15,494.40 RETURN OF TIF 1-4 EXCESS DISTR $631.00 DEF COMP W/H PAY PERIOD 26 $19,385.23 GENERAL - SERV THRU 12-1-07 $157.91 LASER AlP CHECKS - BLUE $164.46 OPERATING SUPPLIES FOR PARKS $1,292.92 REPLACEMENT PARTS FOR PARKS $244.00 FUEL $44.31 OPERATING SUPPLIES $481.83 2007-150 CENTERVILLE IND. PARK $600.92 DEF COMP W/H PAY PERIOD 26- $32.00 J. MEYER & T. BENDER LIFE INS- $265.62 REIMBURSE FOR CLOTHING ALLOWAN $475.74 429-4750 PHONE SERVTHRU 1-15- $340.00 P. PALZER CONF 1-14-08, 1-15-0 $44.40 VACATING PUBLIC EASEMENT $39,654.74 /':3 a" tervi{{e T"staE{;s/ied 1857 STATE OF MINNESOTA COUNTY OF ANOKA CITY OF CENTERVILLE 1880 !Main ~\'treet, CentenlilTe, fM!N 55038 651-429-3232 or p~ 651-429-8629 Res. #07-0_ A RESOLUTION AUTHORIZING PREPAYMENT OF BONDS AND CLOSING CERTAIN DEBT SERVICE FUND WHEREAS, a certain debt service Fund #327 was established to account for revenue and expenses related to Improvements of 200 1; and WHEREAS, assessments have been paid and an adequate balance has accumulated permitting early redemption of bonds after which, such fund is no longer necessary; and NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTERVILLE, MINNESOTA: 1. The Council hereby authorizes call and early redemption of bonds issued November 1, 2001, specifically the remaining bond maturities of 2009 through 2013 in the amount of $565,000 to be redeemed on February 1, 2008. 2. That following such early redemption of debt, Fund #327 Improvement Bonds of 200 1 is hereby approved for closure with any reme-ining balances to be transferred to the General Fund. Adopted by the Council this 26th day of December, 2007. Mary Capra, Mayor Attest: Teresa Bender, City Clerk /1 cc ~c.. iff ar- =! " f~ =::1 CD I) -. I ir 3__ :i~ mm.. 2S~ Wz ~6 ..CD ~i i ~ :r I I i ! (I) I CD I\) a ~ ~~f "'CJ :1 C =0:3 H:~m . C 0 ~ oM'" :::J ~ I\) (I) I) 0 CD I: 0 c! CD CD I: ~::u-t I ~!i ~ ~~ -"! i II ~ -s!. . ca o-a CD ::J :;d':-U ., fn_~ :1- ~ " 2" =n 0 .. i I: -n I a- m ~ .., . -0 fa iD .. ::J ... fn Qo)>f ::I' CD 09:! i1 ~ '0 ~~ ~Ia -a - -0 C . '< _. ::J .. gQ. r- - Of" n . lio ::s ~~ tit 00 . -c I :::J i ..,0. :s -0 I ~ i c ~~ ~i . - . ::om-o ~ ~~ $ ~g fp: ~ ::0:1:""0 ~ ~ $11 a ::0-0 :~ ~ ~~ ~ ~~ ~ I~ ~ tervi{{e ~t.aJjfislied 1857 STATE OF MINNESOTA COUNTY OF ANOKA CI'IY OF CENTERVILLE 1880 !Main ."'t~et, Centervilli:,!M!N 55U38 651-429-3232 or q:c:q: 651-429-8629 Res. #07-0_ A RESOLUTION AUTHORIZING PREPAYMENT OF BONDS AND CLOSING CERTAIN DEBT SERVICE FUND WHEREAS, a certain debt service Fund #342 was established to account for revenue and expenses related to Improvements of2002; and WHEREAS, assessments have been paid and an adequate balance has accumulated permitting early redemption of bonds after which, such fund is no longer necessary; and NOW, rl~.HE.KEFORE BE IT RESOLVED BY THE CI'IY COUN~ OF THE CITY OF CENTERVILLE, MINNESOTA: 1. The Council hereby authorizes call and early redemption of bonds issued October 1, 2002, specifically the remaining bond matwities of 2009 through 2014 in the amount of $41 0,000 to be redeemed on February 2, 2008. 2. That following such early redemption of debt, Fund #342 Improvement Bonds of 2002 is hereby approved for closure with any remaining balances to be transferred to the General Fund. Adopted by the Council this 26th day of December, 2007. Mary Capra, Mayor Attest: Teresa Bender, City Clerk ~~ tervi{{e ~ta.6{isfied 1857 STATE OF MINNESOTA COUNTY OF ANOKA CITY OF CENTERVILLE 1880 !Main ..c,'treet, Centenlil1e, ~ 5.5038 651-429-3232 or Pc:q: 651-429-8629 Res. ##07-0_ A RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO TRANSFER FUNDS TO CLOSE OUT INACTIVE FUNDS WHEREAS, the Centerville City Council has considered the attached documentation submitted by the Finance Director to inactivate funds through transfers of funds in the general ledger accounts of the City as follows: 2004 Street Project Debt Service $22,731.11 (Close) - Mound Trail Debt Service 522,731.11 2004 Street Project Debt Service $108,618.48 (Oose) - 2004 Municipal Street Capital Project 5108,618.48 Pheasant Marsh 2 - Debt Service $281.49 (Close) - Pheasant March 3, Capital Project 5281.49 Hunters Crossing 2, Debt Service $45,796.43 (Close) - Hunters Crossing 2, Capital Project $45,796.43 2004 Street Project Debt Service $8,437.00 (Close) - Centerville Town Park Capital Project $8,437.00 $185,864.51 5185,864.51 NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTERVILLE, MINNESOTA: 1. Approves the above stated transfers and directs the Finance Director to complete the above transfers as stated. Adopted by the Council this 26th day of December, 2007. Mary Capra, Mayor Attest: Teresa Bender, City Clerk 0{)& ~ ACORD' CERTIFICATE OF LIABILITY INSURANCE DATE~ 12J28/2OC11 PRODUCER RH 333 E. Butterfield Road, 5th Roor Lombard, IL 60148 Phone: (800)316-6705 Fax: (630) 324-2779 INSURED Cenl8rvl1e Uona Club MnneIota I ONLY AND CONFERS NO RIGHTS UPON THE CERnFlCATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. INSURERS AFFORDING COVERAGE INSURER k ACE American Insurance Company INSURER B: INSURER c: INSURER 0: INSURER E: HAle 1# 22667 COVERAGES A THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOlWlTHSTANDING ANY REQUIREMENT. TERM OR CONOmON OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN. THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. LTR INSRIJ TYPE OF INSURANCE POlICY NUMBER ~ T ..!-ENERALLIABLITY HDOG21745662 & 0910112007 X COMMERCIAL GENERAL LIABILITY CSZ0302505 = :J CLAIMS MADE ~ OCCUR DI'\I DA 0910112008 ON LMTS GEN\. AGGREGATE UMIT APPLIES PER: I POLICY n 28r n LOC AUTOII08IlE UABLITY - EACH OCCURRENCE I S _fl~9 lea oc:cnncel S MED EXP (M} one penon) S PERSONAL & ADV INJURY S GENERAL AGGREGATE S PRODUCTS - COMPIOP AGO S $ 1,000,000 1,000,000 1,000 1,000,000 2,000,000 2,000,000 - A ANY AUTO HDOG21746682 & CSZ0302505 09/0112007 09/0112008 COMBINED SINGLE LIMIT (Ea accldentl S INCLUDED - ALL OWNED AUTOS SCHEDULED AUTOS - X HRED AUTOS - X NON-OWNED AUTOS - BODILY INJURY (Per person) s IN ABOVE - BODILY INJURY (Per aCCklent) S - PROPERTY DAMAGE (Per accident) AUTO ONLY - EA ACClDefT EAACC AOO $ EACH OCCURRENCE AGGREGATE $ , I S S S . s I ~~raw-s I 10m EL EACH ACCIDENT $ EL. DISEASE - EA EMPlOYEE $ EL. DISEASE - POlICY LNIT S GARAGE UA8IJTY ~ANYAUTO EXCEISJlMIREUA UABIJTY :J OCCUR D ClAIMS MADE OTHER THAN AUTO ONL V: --, DEDUCTIBLE il RETENTION S WORKERS CQtIJENSATION AND a.L0YERS' UA8I.J1'Y NlY PR~OAIPAR'1'tERIEXECl1 0FFICSW.4EMBER EXClUDED? ryes. dIscrIbe U1der 9P~ PROVISIONS below OTHER DEICRP110N OF OPERATIONS J LOCATIONS I VEHICLES I EXa.uIlONlADDED BY ~ I SPECIAL PROVISIONS PravIIIonI GItha policy IppIy to th8..... InIur8d's p8ItIcIp8IIan In the I>>IawIng 8CMy ckftv the paIIcy period shown above: 2008 a.nteMIe ... Lno I.8k88 Uona Ice FIIhq ConI8It 2-e.GB or 2-18-08 AnoIc8 Quty 8her11\" ca. . Included . an AdcIIIanIIlnalred(a). Idonly wIIh Nlpectto GeI8aI UIbIIIty ertaIng out d the UI8 of prMIIrIes by the Insand Ihawn 8bcM end not out tithe IOIe nealaence fluid dIIIonallnllnd. PROWlIONS f:E nE POUCV DO NOT APA.Y 10 TtE SALE OR SERVING OF ALCOHOLIC BEVERAGES CERnFlCATE HOLDER CANCELLATION SHOUlD MY OF TIE ABOVE DESCRIBED POUCElBE CMCEUED IEFORE THE EXPItATION DATE THEREOF, tHE ISIUItG INSURER WILL ENDEAVOR TO 11M. ~ DAYS WRITTEN NOTICE TO 11E CERTIFICATE HOLDER NAIlED TO THE LEFT, BUT FAILURE TO DO 10 SHALL WOSE NO OBLIGATION OR UABI.ITY OF AllY KIfD UPON TIE .SURER, rrs AGENTS OR REPRESElfrATIVEI. AUTHORIZED REPRESENTATIVE CS> ACORD CORPORATION 1988 41a- ~ ACORD- CERTIFICATE OF LIABILITY INSURANCE PRODUCER HRH 333 E. Butterfield Road, 5th Roor Lombard, IL 60 148 Phone: (800)316-6705 Fax: (630) 324-2n9 INSURED Cent.ervflle Uons Club Minnesota INSURERS AFFORDING COVERAGE INSURER A ACE American Insurance Company INSURER 8: INSURER c: INSURER 0: INSURER E: NAle # 22667 COVERAGES THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLlCY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR =~ POUCY NUlatBER POlJCY EFFECTIVE Pg~~ =~ON UMJTS LTR TYPE OF INSURANCE DATE ,MMlDD/YY) GENERAL UABlLITY HDOG21745662 & 09/01/2007 09/01/2008 EACH OCCURRENCE S 1,000,000 A - =g~s (Ea occarence) X COMMERCIAL GENERAL LlABlUTY $ 1,000,000 - ~ CLAIMS MADE [8] OCCUR CSZ0302505 MED EX? (Any one person) $ 1,000 - PERSONAl & ADV INJURY S 1,000,000 - GENERAL AGGREGATE $ 2,000,000 - 2,000,000 GENt. AOOREGA TE UMIT APPUES PER: PROOUCTS.COM~OPAGG $ I POLICY n ~& nLOC $ AUTOMOBILE UABIUTY HDOG21745S62 & 09/01/2007 09/01/2008 COMBINED SINGLE LIMIT INCLUDED A - S ANY AUTO CSZ0302505 (Ea acddent) - ALL O'NNEQ AUTOS BOOll Y INJURY IN ABOVE - $ SCHEDULED AUTOS (Per person) - X HIRED AUTOS 800lL Y INJURY - $ X NON-DWNED AUTOS (Per accident) - - PROPERTY DAMAGE S (Per accident) GARAGE UAB1UTY AUTO ONLY - EA ACCIDENT S ==l ANY AUTO OTHER THAN EA ACe s AUTO ONLY: AGG $ EXCESSIUMBREllA LIABIUTY EACH OCCURRENCE $ ~ OCCUR D ClA1MS MADE AGGREGATE $ S H DEDUCTIBLE S RETENTION S S WORKERS COMPENSATION AND I we STATU- I IOJr TORY LIMITS EMPLOYERS UABlUTY ANY PROPRIETORIPARTNERfEXECUTIVE E.L. EACH ACCIDENT $ OFFlCERlMEr.t3ER EXClUDED? E.L. DISEASE - EA EMPlOYEE $ tf yes, desaibe \I1der SPECIAL PROVISIONS below E.L. DISEASE - POUCY LIMIT S OTHER DESCRPTlON OF OPERATIONS J LOCATIONS' VEHICLES I EXCLUSIONS ADDED BY ENDMSEMENT , SPECIAl PROVISIONS ProvIsIons of the policy apply to the named Insured's participation In the foRewing actMly during the policy period shown above: 2008 CenteJvtUe and Uno Lakes lions Ice Fishing Contest 2-Q..08 or 2-16-{)8 ~ of Centervtlle Is Included as an AdditJonallnsured( s ~ but only with respect to General Uabfllty arising out of the use of premises by the Insured shown above and not out of the sole neglIgence of addftionallnsured PROVlSION-S OF THE POUCY 00 NOT APPLY TO THE SALE OR SERVING OF ALCOHOUC BEVERAGES CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POlICIES BE CANCEllED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING "SURER WILL ENDEAVOR TO MAIL ~ DAYS WRfTTEH NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAlWRE TO 00 SO SHAll IMPOSE NO OBUGA TION OR UABUTY OF ANY KIND UPON THE INSURER. ITS AGENTS OR REPRESENT ATIVE5. AUTHORIZED REPRESENT AlIVE ACORD 25 (2001/08) @ACORD CORPORATION 1988 d)41 PURCHASE AGREEMENT Seller: Erick David Marshall and Lynae Marie Marshall City of Centerville 1688 Sorel Centerville, Minnesota 55102 PID 23-31-22-23-0001 Legal lots 8 & 13, block 7; Centerville $225,500.00 Buyer: Address: Property: Price: 1 RECEIVED BY BUYER the sum of One-Thousand Dollars ($1,000.00) by check as earnest money to be 2 deposited upon acceptance of Purchase Agreement by all parties, but to be returned to Buyer if Purchase 3 Agreement is not accepted by Seller. Said earnest money is part payment for the purchase of the property 4 located at 1688 Sorel, Centerville, County of Anoka, State of Minnesota, legally described to conform to the 5 above street address as; PIO 23-31-22-23-0001; Legal lots 8 & 13, block 7; Centerville, and including the 6 following property, if any, owned by Seller and used and located on said property: garden bulbs, plants, 7 shrubs, and trees; storm sash, storm doors, screens, and awnings; window shades, blinds, traverse and 8 curtain and drapery rods; attached lighting fixtures and bulbs; plumbing fixtures, water heater, heating plants 9 (with any burners, tanks, stickers, and other equipment used in connection therewith), built-in air conditioning 10 equipment, electronic air filter, water softener, built-in hum idifier and dehum idifier, liquid gas tank and controls 11 (if the property of Seller), and sump pump; attached television antenna, cable TV jacks, and wiring; au IL T- 12 INS: dishwashers, garbage disposals, trash compactors, ovens, cook top stoves, microwave overs, hood fans, 13 intercoms; ATTACH ED: carpeting, mirrors, garage door openers and all controls, smoke detectors, fireplace 14 screens, doors, and healilators; AND personal property, all of which property Seller has this day agreed to sell 15 to Buyer for the sum of Two-Hundred, Twenty-Five Thousand, Five-Hundred Dollars ($$225,500.00), which 16 Buyer agrees to pay in the following manner: Earnest money of $1 ,000.00 described above and $224,500.00 17 on the date of closing. The date of closing being January 15, 2008 or sooner as agreed in writing by the 18 parties. 19 This Purchase Agreement IS NOT subject to a Contingency Addendum for sale of Buyers' property or 20 purchase of Sellers' new property. 21 This Purchase Agreement IS NOT subject to cancellation of a previously written Purchase Agreement. 22 There are no other addenda which are made a part of this Purchase Agreement as of the date this document 23 will be signed. 24 SPECIAL ASSIGNMENTS shall be paid as follows: 25 SELLER SHALL PAY ON DATE OF CLOSING all installment of special assessments certified for payment 26 with the real estate taxes due and payable in the year of closing. 27 SELLER SHALL PAY on date of closing all other special assessments levied as of the date of this Agreement. 28 SELLER SHALL PROVIDE FOR PAYMENT OF special assessments and/or special assessments certified 29 for payment with the real estate taxes due pending as of the date of this Agreement shall be by payment into 30 escrow the amount due. 31 SELLER SHALL PAY on date of closing any deferred real estate taxes (I.e. Green Acres. etc.) or special 32 assessments payment of which is required as a result of the closing of this sale. Buyer shall pay real estate 33 taxes due and payable in the year following closing and thereafter and any unpaid special assessments 34 payable therewith and, thereafter, the payment of which is not otherwise provided. As of the date of this Initials: Sellers _ & _; Buyer _' Dated Page 1 of 4 d;3~ PURCHASE AGREEMENT Seller: Property: Erick David Marshall and Lynae Marie Marshall City of Centerville 1688 Sorel Centerville, Minnesota 55102 PID 23-31-22-23-0001 Legal lots 8 & 13, block 7; Centerville $225,500.00 Buyer: Address: Price: 1 Agreement, Seller represents that Seller HAS NOT received a notice of hearing for a new public improvement 2 project from any governmental assessing authority, the costs of which may be assessed against the property. 3 If a notice of pending special assessment is issued after the date of this Agreement and on or before the date 4 of closing, Buyer shall assume payment of NONE of any such special assessments, and Seller shall provide 5 for payment on date of closing ALL of any such special assessments. If such special assessments or escrow 6 amounts for said special assessments as required by Buyers' lender shall exceed $00.00, then either party 7 may agree in writing on or before the date of closing to assume, pay, or provide for the payment of such 8 excess. In the absence of such agreement, either party may declare this Purchase Agreement null and void; 9 the parties shall immediately sign a cancellation of Purchase Agreement and all earnest money paid 10 hereunder shall be refunded to Buyer. 11 DEED/MARKETABLE TITLE: Upon performance by Buyer, Seller shall deliver a Warranty Deed joined in by 12 spouse, if any, conveying marketable title. 13 TITLE & EXAM INA TIO N: Seller shall, at Seller's option, within a reasonable time after acceptance of this 14 Agreement, provide evidence of title in the form of either (1) a commitment for an owner's policy of title 15 insurance in the amount of the purchase price on a current AL T A form issued by an insurer licensed to write 16 title insurance in Minnesota; or (2) an abstract of title or a registered property abstract certified to date. 17 Evidence of title shall include proper searches covering bankruptcies, state and federal judgements and liens, 18 and levied and pending Special Assessments. Seller shall (1) pay the entire prem ium for such title insurance 19 policy if no lender's policy is obtained, and only the additional cost of obtaining a sim ultaneously issued 20 owner's policy if a lender's policy is obtained; or (2) pay all costs of providing the abstract. If Seller provides 21 a com m itment for an owner's policy of title insurance, Seller shall surrender any abstract in Seller's possession 22 or control to Buyer at closing. 23 Seller shall use Seller's best efforts to provide marketable title by the date of closing. In the event Seller has 24 not provided marketable title by the date of closing, Seller shall have an additional 30 days to make title 25 marketable or, in the alternative, Buyer may waive title defects by written notice to the Seller. In addition to 26 the 30 day extension, Buyer and Seller may by mutual agreement further extend the closing date. Lacking 27 such extension, either party may declare this Purchase Agreement null and void; neither party shall be liable 28 for damages hereunder to the other and earnest money shall be refunded to Buyer; Buyer and Seller shall 29 immediately sign a cancellation of Purchase Agreement. 30 SUBM ISSION OF LAND: If this sale constitutes or requires a subdivision of land owned by Seller, Seller shall 31 pay all subdivision expenses and obtain all necessary governmental approvals. Seller warrants the legal 32 description of the real property to be conveyed has been or will be approved for recording as of the date of 33 closing. 34 Seller warrants that the buildings are or will be constructed entirely within the boundary lines of the property. 35 Seller warrants that there is a right of access to the property from a public right of way. These warranties shall 36 survive the delivery of the deed or contract for deed. Initials: Sellers _ & _; Buyer _, Dated Page 2 of 4 t3/J PURCHASE AGREEMENT Seller: Property: Erick David Marshall and Lynae Marie Marshall City of Centerville 1688 Sorel Centerville, Minnesota 55102 PID 23-31-22-23-0001 Legal lots 8 & 13, block 7; Centerville $225.500.00 Buyer: Address: Price: 1 Seller warrants that prior the closing, payment in full will have been made for all labor, materials, machinery, 2 fixtures, or tools furnished within the 120 days immediately preceding the closing in connection with 3 construction, alteration. or repair of any structure on or improvement to the property. 4 Seller warrants that Seller has not received any notice from any governmental authority as to violation of any 5 law, ordinance, or regulation which has not been disclosed and supplied to Buyer. If the property is subject 6 to restrictive covenants. Seller warrants that Seller has not received any notice from any person or authority 7 as to a breach of the covenants. Any notices received by Seller will be provided to Buyer immediately. 8 Seller agrees to allow reasonable access to the property for performance of any surveys or inspections agreed 9 to herein. 10 RISK OF LOSS: If there is any loss or damage to the property between the date hereof and the date of 11 closing, for any reason including fire, vandalism, flood, earthquake, or act of God, the risk of loss shall be on 12 Seller. If the property is destroyed or substantially damaged before the closing date, this Purchase Agreement 13 shall become null and void, at Buyers' option, and earnest money shall be refunded to Buyer. Buyer and Seller 14 shall immediately sign a cancellation of Purchase Agreement. 15 TIME OF ESSENCE: Time is of the essence in this Purchase Agreement. 16 ENTIRE AGREEMENT: This Purchase Agreement, any attached exhibits, and any addenda or amendments 17 signed by the parties, shall constitute the entire agreement between Seller and Buyer, and supersedes any 18 other written or oral agreements between Seller and Buyer. This Purchase Agreement can be modified only 19 in writing signed by Seller and Buyer. 20 ACCEPTANCE: Buyer understands and agrees that this Purchase Agreement is subject to acceptance by 21 Seller in writing. The delivery of all papers and monies may be made by facsimile and this Purchase 22 Agreement shall be effective once all signatures and initials have been executed on a copy of this document. 23 DEFAUL T:lf Buyer defaults in any of the agreements herein, Seller may terminate this Purchase Agreement, 24 and payments made hereunder may be retained by Seller as liquidated damages. If this Purchase Agreement 25 is not so terminated. Buyer or Seller may seek actual damages for breach of this Agreement or specific 26 performance of this Agreement; and, as to specific performance, such action must be commenced within six 27 months after such right of action arises. 28 REAL ESTATE TAXES shall be paid as follows: 29 Buyer shall pay. PRORATED FROM DAY OF CLOSING, real estate taxes due and payable in the year 2008 30 and thereafter. 31 Seller shall pay, PRORATED TO DAY OF CLOSING, real estate taxes due and payable in the year 2008 and 32 all due in years prior. If the closing date is changed, the real estate taxes shall, if prorated, be adjusted to the Initials: Sellers _ & _; Buyer _' Dated Page 3 of 4 &3~ PURCHASE AGREEMENT Seller: Property: Erick David Marshall and Lynae Marie Marshall City of Centerville 1688 Sorel CentervilleJ Minnesota 55102 PID 23-31-22-23-0001 Legal lots 8 & 13, block 7; Centerville $225,500.00 Buyer: Address: Price: new closing date. 2 POSSESSION: Seller shall deliver possession of the property immediately after closing. All interest, 3 homeowner association dues, rents, fuel oil, liquid petroleum gas, and all changes for city water, city sewer, 4 electricity, and natural gas shall be prorated between the parties as of the date of closing. Seller warrants that 5 the property is vacant and that neither Seller, any renter, nor any other person resides that the property. 6 ENVIRONMENTAL CONCERNS: To the best of the Seller's knowledge there are no hazardous substances 7 or underground storage tanks. 8 Buyer has the right to a walk-through review of the property prior to closing to establish that the property is 9 in substantially the same condition as of the date of Purchase Agreement. This right of walk-through may 10 result in termination of this Purchase Agreement at Buyer's discretion if the condition of the property has 11 changed since entering into this Agreement. 12 SELLERS' AFFIRMATION AND AGREEMENT: 13 We, the owners of the property, agree to sell this property for price and in accordance with the terms and 14 conditions set forth above, and we have reviewed all pages of this Purchase Agreement. 15 16 Dated: Erick David Marshall 17 Dated: 18 Lynae Marie Marshall 19 BUYERS' AFFIRMATION AND AGREEMENT: 20 The City agrees to purchase this property for price and in accordance vvith the terms and conditions set forth 21 above, and I have reviewed all pages of this Purchase Agreement. 22 23 24 25 Dated: Mary Capra, Mayor City of Centerville AS WITNESS FOR THE CITY: 26 27 28 Dated: Teresa Bender, City Clerk City of Centerville 29 This document was prepared by Centerville City Attorney, Kurt B. Glaser. (Version 4) Initials: Sellers _ & _; Buyer _, Dated Page 4 of 4 !;3d December 21,2007 \I ,<( c Honorable Mary Capra, Mayor of The City of Center vi lIe City of Cellterville City Hall 1880 Main Street Cel1terville, MN 55038-9794 Dear Mayor Capra: The Beard Group, Inc. would like to thank you for allowing us to present all update on the dOVvntO\Vl1 redevelopment status at the City Council \\Tork-session on December 26th 2007. The purpose of this letter is to update you on the Ctlrrent status of the project, as \ve will review in the work-session. For Phase I, two significaIlt changes have occurred: First, there have been significant changes in the residentialllousing nlarket that have forced us to re-evaluate the timing and structure as part of Phase I. The Beard Group, Inc. has been working witll Centex Homes on the area oftownhome development (east of Progress Road), and with the current downtunl ill the housing market Centex has re-evaluated the price they are willing to pay per fillished townllolne lot. The original underwriting contemplated a per townhome lot price of $60,000.00. Cun.elltly, Centex \vill pay $35,000.00 per towIlhome lot. This represents Inore than a 40% decrease in price per townhome lot. The Beard Group, Inc. is considering reducing the area of townhonles within Phase I - linliting the townhonle developnlent area to tllose areas that have the most affordable acquisition costs in relation to density. Tllis could potentially n1ake it financially feasible to start \vitll some towl1homes as pm1 of Phase I by the fall of 2008. Second, is in regard to the timing of tIle proposed apartmellt developlllent (Chateau Goiffon Apartlnents). The Beard Group, Inc. applied to Mil1nesota Housing Finance Agency (MHFA) for an allocatioll of Tax Credits as part oft11c fillat1Cing structure. The application process for Tax Credits is extrelnely competitive. The a\vards were announced in October of 2007 and unf011unately the proposed Chateau Goiffon Apartnlents were not selected. The Beard Group, along ,vitIl JohtlMeyer of The City ofCenterville, 11a5 subsequently met witll MJIFA to review the applicatiol1 and selection process. MHF A is very supportive of the proposed apart111ent, provided many suggestions as to how to improve the scoring of the application and has strongly encouraged the Beard Group to re-apply in the 2008 applicatiol1 process. We are confident that Cllateau Goiffon Apartlllents \\111 be a successful affordable housing option as part of the Centerville Downto~rn redevelopmellt; however this setback means 111at tlle develop111ent of these apartments needs to be extended one year. The Beard Group, Inc. is still very excited about the opportunity to redevelop downtown Centerville. The proposed development will provide a unique, mixed-use downtown consisting of COnl111ercial, retail, for-sale townhomes, and senior housing options along ,vith an affordable housillg option for residents of Centerville. The Beard Group looks forvvard to giving the City Coun.cil a Inore detailed sumn1ary on December 26th. 7.:-;~() SC'('OIH 1 St It't'l >..J':~. Su il!."> l (JlJ · llnrd\ jll~< .\1 N ,)S,:~"l-.'~ - {('X:):]l (r:~()-(H,)3C) · r:i1:~ (:l.-":;!, ~>:Hi.LH >:,'t I Please feel free to contact us \vith any questions or COll1111ents. \\'e can be reached at our general nU111ber of (952) 930-0630. Sincerely~ The Bear(l GraUl), lile. l(onald lvlehl Develop111ent Pri11cipal Copy: I)allas I,arson, City i\dn1inistrator w z o w en c( ::t: D. W z ::i w :!: t= c W ...I ~ W Q ~ Z w :E 0. o ..J W > w Q w a:: ~ e Wz :I=: ~8~ wO.o !25~ wli:a:: oC)~ 1&.0 C :E ~w ~C(CJ _ww omo I ~~~~~~s~ ~ ~~ ~~ =~ ~ ~ i ~ ~ i .! .5 "C ~ g> ~ g>> g>> g> g>.5 g>>.5 .5 g> g>>.5 .5 g>>.5 .5 ~~~~~~~~~~~~~~~~~~~~~~~~~~~ E E E E E Ese:! c c c c: c: c c C c: C C c c C C c C c 888888CJ~~~~~:~~~~~~~~~~t~t~ cJ cJ .5.5 ~~ ~ ~~ ~~ ~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ o 0 000 0 0 0 0 ~~ ~ ~~ ~~ ~~ ~~ ~ ~~ ~~ ~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~ .-.-.-.- -.- ~ ~.-.- .--- --.- --.- ~.- ~ ~ ---- ~ ~ -- ~ ~ oooooommoooooooomommoommomm cJ .5 cJ cJ .5.5 cJ U .5.5 cJ cJ .5.5 00 00 0 o 0 o N N a; GI .a 5 ~ .., 8 ~ · 0 GI 00CX)8CX)CX) N Q 00 88 :c: · "C"C"C"C"C"Ci~~~NN~8CX)~ 00 ~.~~.~~~ ~~~~ ~8o ~~~~~~~~-~~-~-~-NN.OO ~~~~~~~~m~m2~~~~NN EEEEEE~~~~ ~eee~! oooooo(5cc.o.c.cmmmm ooooooo~~~::~~~~~ 0) o o N CD ..0 E ~ > o Z oooo~oo cocooooo cooo0088~~~~G) oOONN~~..."O ~~~CiSCi)~~!.!~ ~~~~~Oooo~ '5"3"3~:Juutsu~ ...,.,.,~~oooo:e ~ ! ~ :1 C e _2 (!) ~ c"E Q. cum ~ 0:: ~ ~ O)~ c CD -5 :t:= ~l!~c~ a:(!)~~c O)~~U:~ -B E 0 .s ~ c ~.E en ~ ~.2enCDc( u: ~ CD ~c ~~:Ej!Q)C m.WoE.!! c Q: ~ . ~a.. c -E 0 fti .S! ~ 0 =UJ~-c:~~i !W--~.5~- a..e~ee !,e ..a:: 8:0 ~ ~c ii~<c:5.sA:oo ~~enQ)~C::. EEc~.!~>~ 888~.TI8~~ C <<S en 0 o :t: ..J ~i.. 0 c: F-..Q ~ o .0 ~ ..... U en)(N CD ::J m <<S N en ~ ~~Q m en ~o..N:) f 5 o~"~ G) N OCD cC. 0) ell "0 C &; t!.2 en g>.E en oe co_ CI(!)~~-~=~ ~ o CD c .c en GI ~ -g 5 =a CI) w, Q.f/). - D. Q)(/) ::JLL f ~ ~ 1~E ~ ~~~ u..-08f/)8 CDD..en c~ c:Jc~!~)(mcm ......~ cue ~Eo ~~ClC.C ~2cu a:u..en D.E-c(u~~oEo cc~ - .~~-N Q) VI LLi=C ~Ou~...c..t:>t:"""' R~W - CD coosu~ mO- .... D.. LL en I- 0) E 'C Q) = ... ~ E C .. ... .t: ~ ~~~CC~~f/)~~c(~~~~(/)c_~0cl ~~O)CDoeng~!m..~S.2~o om 0. CiS C E g>:E 0 ~ .- -~.e :a = ~ .-!:; C cuo~~~m~~~=c(:e~~~U:1Uo ~~E~:~~~w~I&.~~~o2~2t: ei=.E J: .!!u...~ :1~.E= a:~-;; 2-;; IV O~ coc~-co~-oc"c.c~ 05~=_2a:I-~Oo~ww;omo(/) ~~~~~~~S.~~~UJw~CJ~US 5~o~D..2i=_~~S~oocc-c= oOenl-~Q)Q)~~~:;~zzo~~~u o!~!ia:ioGlS~0~~~=.s=2 ~~f/)~EaEQ)~b=C~~u2c~U g!=!o~o~~&~~&~~m~ms ~~D..D..o<co~C(<CC(~<CC(C(QCQO ~N~~~~",,",oom~~~~~~~~~=~N~~~~~~ N~cx) 000 NNN ~ ~ ~ CD CD CD .0 ..0 .0 E E E B B B CD CD . 000 O~CD 000 NNN ~~~ co cu m :1 :1 ~ C C C cu t'O co ..., -, ..., ~ o Q) ~ ~...~ ;> ~ 0 f-I-~ III m ca m ~.r.~ D..~D.. U .5 a. ~ o (; ~ ~ >.~ :t::=~ om c;; G; ..Q E CD o CD o .s ...... o o N - ~ ~ '5 ..., CD E m ~ . E i= c ~ (!) ~ 1:: CD ~ o Ii _co c{j I! ... (!)cu ~~ 0_ o c m~ c~ . 0 ECii 0.> .2~ ~"C CD C eo ~~ =2: E ~ E2 85 ~~ ~ ::J 8[ ~-g go!! <C. c- o -m c CD x G) CD ~ "tJ CD 1;) CD :1 tT ~ co 8 N o ~ ;;; CD .0 E ~ ~ C .2 ...... 8 N <<i ~ o to ~ co "C~ ~...... o::~ _.!!o c = 0 I!~m (!).!!c _co c CD (/) CDO... E~..2 c..OC) ..2 -8 .5 ~ -iiJ ~ -811)~ Q)CDO) a:3:c C C)1S UJ_~ 2 ~.1ii "CC z-- 0 ~~<? w z o w en c( :t: a.. w z ::i w :E ;:: C ~ ~ w c ... z w :E a.. o ..oJ W ~ C w a: z 3: o w'" ..JZ ..J~ ~8t- t!!a..g Z::)N W~a: O~~ ILC:E Oa:W ~c(O _WW OalQ i 4D4DCD4DCD4DS ~~~~~~~~~~~~~~~~~~~~Q~~~Q~~ ~li~~~~~~CD_-__--_~_~~~_~~~~~ EEEEEESc~~~~~~~~c~cc~~ccccc 888888ol~~~~~~~~t~tt~~tl~tt u U .5.E ~~ ~ ~~ ~~ ~~ = = = = = = = = = o 0 000 0 0 0 0 ~~ ~ ~~ ~~ ~~ ~~ ~ ~~ ~~ ~~ ~~~~~~.~~~~~~~~~.~._~~._~-- ------~~--------~-~~--~~-~~ oooooommoooooooomommoommomm U .5 u U .5.E u U .5.5 u U .E.E 00 00 0 o 0 o N N t ~ .Q 5 i ~ 8 ~ OOco888 ~ c 00000 .c' ~~~~~~i~ONNN~8CO~~00 4D 4D CD 4D CD 4D... N ~ ~o <( "'" 0 ~~~~~~~~~~-~~-NN,go ~~~li~li~~m~2mm2~~~NN EEEEEE~=~~ eee~~ ooooooi5Cc..Q..Q..QmmtVm ooooooo~~~~~~~~~~ 0) 8 N Cii ..Q E CD > o Z 0000 '00 cocogg8g cooo0088NN~NG) OOONN~~~~O ~~~1ii1;).!.!!.!~ ~>a>a~~OOoo>a '3:;'5::J::JuutSu~ ...,-,-,<(<(0000-= ~ ! ~ :::) c e o C) ~ c"E 0.. m m a. 0: ~ ~ Q~ C CD .5 :t:: Cl!~c~ ..!!!C)CDmc o.._CCCD C)i~ii: E -BEdSCD C c...E f/J ~ ~..2f/JCD<( ii:~Gi~c ~~:C.l! CD c asG)WoE.!! .sO::~.!! g-~s .E 0 ~ .co 'ii = ;: 'ii w CD c > .- fa ~W-~CD5~- o..O~EC !.e CD CD~ 8:0 i~c ~~i2c:(co~o - -::J .- - a.. 0 EE~~~i~~ 888~.fi8~~ c ~ ==.9 ~ 11 ~ 0 e F-~q ~ o CDO~ r- is ==~ :K 2 ~it"'Q ~ 1 8i:~~ Q. Go ~ ~ ~ l!.2 ~ O).~ U) cae c 0 _ . C) ... C .!: ~ :t= 00 &CI)C ~f/J~~~5~~ ~ w=~ 0 ~!~ :::)~!g ~ m~~ E .~O ~cO 00 4D0-f/J c~ C::Jc!!m~ffiE~ ~~= mO ~Eo-:::)~~ CD ~~~ O:~f/J a..E;c(o~"'CEC 1) - .~2-NOCDO ~jw ~~i ~8~~u~~~~~~ m 0.. ~ (I) i= 0) E 0': CD = a: CO E 8 S Q. J! ~ ~tS~c~~~0~~c(~~~~enE0o li~O)CD 00~!m~~.E..2~c-c- o.1;)cE~~o~~~~.~~~~!~~ mB~~~S~iS~~c(:ECD~~~~~O ~~E8:~~<wg~~CI)4D02~2~ c~~ ~ ~~~::J%~~~~~~~. O~CcOeCDf--cO~-Co c.c~ Oo.!!=~~ .00. ~o~00 ~_-~~~~~~_...~ww~,,~oc ...- - :;:::) 0 "V CD W W c( ~ c """- 0 ~~o~~~~=~~a~cccc~a; 8C0~eCDCD~~~;=Zzo~~~u !~!~~~c~S~0~~;=s=2 ~ CO f/J tV a.. a 0. CD :c >- = C ~ ~ u 0 c 0 'I oo.f/J~EoEmUa~~~~o~~~c c!_!o~o ~~~oo.o.=momo <(~~~O<(O_C(<C(~<(C:(CQOCO N cae ~N~V~~~~O)~~~~~~~~~=~N~~~~~~ N~CO 000 <"INN ~ ~ ~ 4D 4D 4D ~ ..Q .a E E E B B 8 eu CD CD coo O~~ 000 NNN ~~~ _ ta as ::J ::J ~ C e c as ta m -, ., ..., CD O!::J ~ .r:. 0 t-~LL.. = II _ co as .E:- .r:. .E:- ~o..~ U .5 a. ~ o ~ C) ~ ~ ~~ :t:: ~ om ~ ! E Q) o CD c .s ...... o o N ~ :; -, Q) E ~ CD E i= C I! C) ~ t= 4D D. ~ 0- c~ l! ~ C)- ~~ 0_ o C m~ cD. eu 0 E"ii g-~ J~ eu c 00 ~c.. ~= E ~ ES 85 ~j ~ ::J 8[ ~-g go!! <(I c- o 1i5 e eu x CD CD E .. "C CD 1;) 4D ~ tT ~ 8 N a (; N Pi ~ CD J:) E ~ CD C .2 ...... 8 N cD .E:- o tv ~ co ~~ ~...... ~~ c~g l!~m C).!!e _co c CD (I) cpo- E--.2 0.00) .2 ~ .~ ~.iiJ ~ ~ U a.. CPCDC) ~~c (l C)1S we:;, UJC~ (leuU ~c z-o ~~~ 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Luring you to Centerville - Tie-in to Ice Fishing Contest Scavenger Hunt - Tie-in to Garage Sale Days Medallion Hunt - Fete Des Lacs Dash For Cash Holiday Shopping Spree I!cI."E!rti.~.i.l1g Inserting In Paper --The Citizen (10,000) --WB Press (6436) Citizen Ads WB Press/Quad Ads In-Store Posters Coop Ads/Coupons From Local Businesses Paid For By TMO (Anoka County) Paid For By Businesses P rol11()tiona I (M ate ria Is Printing Inserts (One Side) --2,000 to hand out at businesses Other Needed Materials --Color Signs In Store --Color Door Signs For Businesses --Outdoor Signs --Coupon booklet --Online Marketing $..< 400.00... TOTAL Paid For By TMO (Anoka County) Donated Paid for by Busineses Paid for by Busineses Prizes Prized vary by event Paid for by Busineses Promotiol1l\ttanagement Media Relations with local media --Centerville --Hugo --Forest Lake --White Bear Lake --Quad Area --Metrowide Coordinate Production of All Materials --Game Sheets --In Store Signs --Outdoor Signs --Coop Ads/Coupons in Newspaper --Online Marketing Communications With City & Businesses TOTAL BUDGE'l'~STIMATE Plus .10o/of::o~~j!'lgf:!l1cv.If.Necessary ::$4,200.00 . Si<...411.00 ,4,611.00 NOVEMBER 2007 CITY OF CENTERVILLE CITY COUNCIL REPORT 1 . Financial Statement & Budget Report 2. Bank Reconciliation & Fund Cash Balance Prepared By: John W. Meyer Finance Director' - General Fund Monthly Financial Report Month Ended November 3D, 2007 - MTD YTD Budget Variance % of Budget 11/30/07 2007 2007 +(.) Used Revenues: Property Taxes 0.00 937,764.11 1 ,915,900.00 978,135.89 48.95% Other Taxes & Assessments 0.00 0.00 46,000.00 46,000.00 0.00% Licenses & Permits 26,243.96 211,434.85 160,000.00 (51,434.85) 132.150/0 Building Inspection 11 ,253.46 153,711.30 110,000.00 (43,711.30) 139.74% Fines & Forfeits 5,344.17 32,649.72 40,000.00 7,350.28 81.620/0 Intergovernmental 137,100.00 225,664.31 117,000.00 (108,664.31 ) 192.88OA. Fire Relief Aid 137,100.00 137,100.00 95,000.00 (42,100.00) 144.32% Charges for Services 1.75 2,221.50 2,000.00 (221.50) 111.080/0 Interest Earnings 352.12 40,685.13 58,000.00 17,314.87 70.150/0 Miscellaneous Revenues 1,003.00 2,752.67 15,000.00 12,247.33 18.350/0 Refunds & Reimbursements 0.00 26,760.16 4,000.00 (22,760.16) 669.00% Fund Balance 0.00 0.00 0.00 0.00 0.00% Total Revenues 170,045.00 1,479,932.45 2,357,900.00 877,967.55 62.760/0 Expenditures: Current General Government Mayor and Council 2,502.88 26,827.42 35,000.00 8,172.58 76.650/0 Elections 0.00 0.00 0.00 0.00 0.00% Planning & Zoning 11,379.58 14,529.71 20,000.00 5,470.29 72.65% Administration 33,210.84 316,238.94 385,000.00 68,761.06 82.140/0 Financial Administration 0.00 13,045.77 18,000.00 4,954.23 72.480/0 Assessing 0.00 18,165.00 18,000.00 (165.00) 100.920/0 Legal 9,527.41 85,073.88 65,000.00 (20,073.88) 130.88% City Hall 1,206.97 24,408.86 40,000.00 15,591.14 61.020/0 Total General Government 57,827.68 498,289.58 581,000.00 82,710.42 85.76% Public Safety Police Protection 55,062.00 596,606.00 649,000.00 52,394.00 91.93% Fire Protection 0.00 98,950.00 194,000.00 95,050.00 51.010/0 Building Inspection 15,561.90 129,402.85 158,000.00 28,597.15 81.90% Electrical Inspection 0.00 4,073.20 9,000.00 4,926.80 45.26% Civil Defense 0.00 436.56 4,000.00 3,563.44 10.91% Animal Control 0.00 927.72 2,000.00 1,072.28 46.390/0 Total Public Safety 70,623.90 830,396.33 1,016,000.00 185,603.67 81.730/0 Public Works Public Works 17,750.08 181,764.23 175,000.00 (6,764.23) 103.87% Engineering Services 908.81 21,217.82 25,000.00 3,782.18 84.870/0 Recycling 401.99 18,672.98 5,000.00 (13,672.98) 373.460/0 Streets 305.27 6,603.35 80,000.00 73,396.65 8.250/0 Street Lighting 58.85 27,710.04 30,000.00 2,289.96 92.37% Total Public Works 19,425.00 255,968.42 315,000.00 59,031.58 81.260/0 r. . .~?';I'~ '. . . , . . . . '. f, '_~ ~! ~ f't~d Iy ___./-,. "0.'- 12/21/2007 2:25 PM budget GF 2007.xls 12/21/2007 2:25 PM budget GF 2007.xls I ~\ 1/ fj '~.I( d. {1(~tJ/;11~1 Water Fund Monthly Financial Report Month Ended November 30, 2007 Ilk!, ~iJ)j \1:~rl \~ i i: ('0' jfl?(I'r MTD YTD Budget Variance % of Budget 11/30/07 2007 2007 +(-) Used Operating Revenue: Charges for Services 36,307.34 188,606.20 225,000.00 36,393.80 83.82% Total Operating Revenue 36,307.34 188,606.20 225,000.00 36,393.80 83.82% Operating Expenses: Salaries and Benefits 8,155.22 67,993.57 70,000.00 2,006.43 97.130/0 Professional Services 0.00 5,073.39 35,000.00 29,926.61 14.50% Supplies 1 ,374.23 27,710.19 55,000.00 27,289.81 50.380/0 Other Services and Charges 1 ,524.81 5,920.03 6,000.00 79.97 98.67% Utilities 823.19 5,318.89 3,000.00 (2,318.89) 177.300/0 Depreciation 0.00 0.00 82,000.00 82,000.00 0.000A>> Total Operating Expenses 11 ,877.45 112,016.07 251,000.00 138,983.93 44.63% OPERATING INCOME 24,429.89 76,590.13 (26,000.00) (102,590.13) -294.58% Nonoperating Revenue (Expense) Interest on Investments 288.38 22,926.52 30,000.00 7,073.48 76.420/0 Special Assessments 0.00 17,951.65 30,000.00 12,048.35 59.840/0 Hook up Fees and Unit Charges 20.00 55,796.15 35,000.00 (20,796.15) 159.42% Other Equipment 0.00 (6,493.88) 0.00 6,493.88 0.00% I nterest Expense 0.00 0.00 0.00 0.00 0.00% Community Development Exp 0.00 (84.24 ) 0.00 84.24 0.00% Refunds & Reimbursements Rev 89.77 5,960.65 0.00 (5,960.65) 0.000/0 Refunds & Reimbursements Exp 0.00 (0.28) 0.00 0.28 0.00% Total Nonoperating Revenue 398~15 96,056.57 95,000.00 (1,056.57) 101.110/0 (Expense) INCOME BEFORE OPERATING 24,828.04 172,646.70 69,000.00 (103,646.70) 250.210/0 TRANSFERS OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.000/0 NET INCOME 24,828.04 172,646.70 69,000.00 (103,646.70) 250.210/0 CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.000/0 CONTRIBUTED ASSETS NET INCREASE IN RETAINED 24,828.04 172,646.70 69,000.00 (103,646.70) 250.210/0 EARNINGS PREPARED BY: JOHN MEYER FINANCE DIRECTOR 12/21/2007 2:55 PM budget report water 07.xls - Sewer Fund Monthly Financial Report Month Ended November 30, 2007 - MTD YTD Budget Variance 0/0 of Budget 11/30/07 2007 2007 +(-) Used Operating Revenue: Charges for Services 29,525.97 198,962.93 260,000.00 61,037.07 76.520/0 Total Operating Revenue 29,525.97 198,962.93 260,000.00 61,037.07 76.520/0 Operating Expenses: Salaries and Benefits 8,277.72 68,907.71 65,000.00 (3,907.71 ) 106.010/0 Professional Services 1 ,035.78 7,773.67 5,000.00 (2,773.67) 155.470/0 Supplies 286.53 11 ,269.28 10,000.00 (1,269.28) 112.69% MCES Disposal Charges 12,344.38 148,131.96 149,000.00 868.04 99.42% Utilities 261.67 2,248.64 1,000.00 (1 ,248.64 ) 224.86% Depreciation 0.00 0.00 90,000.00 90,000.00 0.00% Total Operating Expenses 22,206.08 238,331.26 320,000.00 81,668.74 74.48% OPERATING INCOME 7,319.89 (39,368.33) (60,000.00) . (20,631.67) 0.00% Nonoperating Revenue (Expense) Interest on Investments 1 ,033.26 84,981.89 60,000.00 (24,981.89) 141.6401'0 Special Assessments 0.00 7,057.02 40,000.00 32,942.98 17.640/0 Hook up Fees and Unit Charges 0.00 54,668.75 50,000.00 (4,668.75) 109.340/0 Other Equipment 750.04 (1,309.94) 0.00 1,309.94 0.000/0 Interest Expense 0.00 0.00 (9,000.00) (9,000.00) 0.000/0 Refunds & Reimbursements Rev 0.00 0.00 0.00 0.00 0.000/0 Refunds & Reimbursements Exp 0.00 0.00 0.00 0.00 0.000/0 Total Nonoperating Revenue 1,783.30 145,397.72 141,000.00 ( 4,397.72) 103.120/0 (Expense) INCOME BEFORE OPERATING 9,103.19 106,029.39 81,000.00 (25,029.39) 130.90% TRANSFERS OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.000/0 NET INCOME 9,103.19 106,029.39 81,000.00 (25,029.39) 130.90% CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00% CONTRIBUTED ASSETS NET INCREASE IN RETAINED 9,103.19 106,029.39 81,000.00 (25,029.39) 130.900/0 EARNINGS PREPARED BY: JOHN MEYER FINANCE DIRECTOR 12/21/2007 2:43 PM budget report sewer 07.xls 2007 MONTHLY CASH/GENERAL LEDGER BALANCE RECONCILIAnC 2007 Interest 9/30/2007 10/31/2007 11/30/2007 12/31/2007 Bank Checking Statement Balance $ 680,707.06 $ 295,959.39 $ 469,617.90 Outstanding Deposits $ 0.34 $ 0.34 Outstanding Checks $ (391,383.40) $ (129,905.26) $ (189,458.57) Monthly Interest $ 44,286.61 $ 2,329.67 $ 1,087.93 $ 1,295.68 Net Checking Account Balance $ 289,323.66 $ 166,054.47 $ 280,159.67 $ Investments Mainstreet Bank Flex CD . Beginning $ 2,151,870.09 $ 2,161,618.09 $ 2,161,618.09 Other T ansactions $ $ (200,OOO~00) Monthly Interest $ 15,683.56 $ 9,748.00 Ending Balance $ 2,161,618.09 $ 2,161,618.09 $ 1,961,618.09 $ Mainstreet Bank CD's Beginning 1000669381 CDARS 5.12% 1002328085 CDARS $ 1,120,602.82 $ 1,120,602.82 $ 1,120,602.82 5.41 % 1001349356 CDARS Other Transactions Monthly Interest - CD $ Monthly Interest - CDARS $ 120,602.82 Ending Balance $ 1,120,602.82 $ 1,120,602.82 $ 1,120,602.82 $ Malnstreet Bank - Subtotal $ 3,571,544.57 $ 3,448,275.38 $ 3,362,380.58 $ Smith Barney Smith Barney Money Fund Beginning $ 18,946.36 $ 27,020.03 $ 43,079.50 Monthly Adjustments $ 87,647.48 $ 8,073.67 $ 16,059.47 $ 1,537.18 Other Transactions Ending Balance $ 27,020.03 $ 43,079.50 $ 44,616.68 $ Smith Barney Gov't Bonds Beginning $ 1,770,493.16 $ 1,770,493.16 $ 1,770,493.16 FHLB DTD 9/29/03 $ 100,000.00 $ 100,000.00 $ 100,000.00 FHLB DTD 6/30/03 $ 100,411.37 $ 100,411.37 $ 100,411.37 FHLMC DTD 8/14/03 $ 150,000.00 $ 150,000.00 $ 150,000.00 FHLMC DTD 6/30/03 $ 99,750.00 $ 99,750.00 $ 99,750.00 FNMA DTD 217/03 $ 205,000.00 $ 205,000.00 $ 205,000.00 FNMA OTO 3/30/04 $ 100,000.12 $ 100,000.12 $ 100,000.12 FNMA OTD 4/8/04 $ 200,394.17 $ 200,394.17 $ 200,394.17 FHLB OlD 4/19/04 $ 250,000.00 $ 250,000.00 $ 250,000.00 FHLM DTD 11/28/03 $ $ $ FHLM DTD 3/25/04 $ 150,000.00 $ 150,000.00 $ 150,000.00 FHLM DTD 3/17/04 $ 99,937.50 $. 99,937.50 $ 99,937.50 FHLM DTD 3/24/04 $ 150,000.00 $ 150,000.00 $ 150,000.00 FHLM DTD 2/27/03 $ 165,000.00 $ 165,000.00 $ 165,000.00 Other Transactions Monthly Fair Market Adjustments $ $ Ending Balance $ 1,770,493.16 $ 1,770,493.16 $ 1,770,493.16 $ Smith Bamey CD's Beginning $ 281,100.00 $ 281,100.00 $ 281,100.00 Direct Merchants Bank Capitol One Bank Hemisphere Natl Bank $ $ $ Lehman Brothers Bank $ 96,000.00 $ 96,000.00 $ 96,000.00 CIB Bank $ 89,100.00 $ 89,100.00 $ 89,100.00 Compass Bank 1 st. Natl Bk of Nevada Cole Taylor Bank $ 96,000.00 $ 96,000.00 $ 98,000.00 Other Transactions Monthly Adjustments $ Ending Balance $ 281,100.00 $ 281,100.00 $ 281,100.00 $ Smith Barney - Subtotal $ 2,078,613.19 $ 2,094,672.66 $ 2,096,209.84 $ Total Cash/Investments Per Statement $ 5,650, 157.76 $ 5,542,948.04 $ 5,458,590.42 $ General Ledger Cash Balance $ 5,650,157.76 $ 5,542,948.04 $ 5,458,590.42 Total Monthly Interest & Adjustments $ 268,220.47 $ 20,151.34 $ 17,147.40 $ 2,832.86 , $ CITY OF CENTERVILLE Cash Balances jwm MTD MTD Current FUND Descr Account Debit Credit Balance Last Dim 10100 GENERAL FUND G 101-10100 $246,881.12 $232,584.79 $1,024,904.12 MOUND TRAIL DEBT SERVICE G 306-10100 $0.00 $0.00 $22,731.11 21ST AVE IMP DEBT SERVICE G 308-10100 $19.54 SO.OO $43,279.04 JOINT POLICE STATION 2005A G 309-10100 $0.00 $6,247.13 $48,896.01 MUNI STREET IMP DEBT SERVICE G 312-10100 $150.98 $0.00 $324,790.33 INO PARK TIF 1-4 DEBT SERV G 317-10100 $0.00 $0.00 $15,494.40 PARKVIEW DEVELOPMENT DEBT SERV G 324-10100 $0.00 $0.00 $3,788.44 G.O. Bond Pheasant I 2001 G 327-10100 $195.18 $0.00 $419,011.31 G.O. Bond Hunters Cross I 2000 G 336-10100 $6,237.51 $0.00 $71,948.57 PHEASANT MARSH II G.O. 2002 G 342-10100 $342.76 $0.00 $750,686.62 PEL TIER PRESERVE DEBT SERVICE G 345...10100 $0.00 $0.00 -$3,568.93 Hunters Crossing II G.O. Bond G 346-10100 $0.00 $20,085.20 -$99,154.99 GO Bond 2006A (Hunter3/back) G 348-10100 $13,934.36 $0.00 $231,171.44 GO Bond 2007A (CSAH 14, OM, F) G 349-10100 $88,189.67 $66.60 $88,123.07 PARK CAPITAL PROJECT G 402-10100 $0.00 $0.00 -$215,427.48 21ST AVENUE IMPROVEMENTS G 408-10100 $0.00 $0.00 $545.35 MUNI STREET CAPITAL PROJECT G 412-10100 $49.00 SO.OO S108,618.48 PEDESTRIAN TRAIL WAYS G 414...10100 $0.00 $0.00 $12,817.25 STORM WATER IMP PROJECTS G 415...10100 $2,980.02 $1,298.72 $381,044.96 PHEASANT MARSH III G 443-10100 $0.00 $0.00 -$281.49 HUNTERS CROSSING PHASE II G 446-10100 $20.67 $0.00 $45,796.43 CENTERVILLE TOWN OFFICE PARK G 447-10100 $0.00 SO.OO $8,437.00 HUNTER'S CROSSING 3RD ADDN G 448-10100 $79.02 $0.00 $175,156.81 2006 Municipal Improvements G 449-10100 $55.80 $4,976.25 -$197,221.27 CSAH 14 Improvements 2007 G 450...10100 $0.00 $8,867.89 -$238,516.85 2009 Street & Utility Improve G 451-10100 $0.00 $32,479.82 -$57,215.94 2007 Developments G 452...10100 $0.00 $157,902.04 -$532,963.16 2007 Downtown Redevelopment G 453..10100 $0.00 $10,726.46 -$113,447.86 WATER FUND G 601-10100 $37,652.16 $12,575.45 $772,969.68 SEWER FUND G 602-10100 $30,559.23 $23, 114.29 $2,353,705.35 CABLE TV FUND G 614-10100 $0.00 $780.00 $12,472.62 Last Dim 10100 $427,347.02 $511,704.64 $5,458,590.42 $427,347.02 $511,704.64 $5,458,590.42 12/21/07 3:00 PM Page 1