HomeMy WebLinkAbout2004 10-18 CC PACKETCITY OF GEM LAKE
MINUTES OF CITY COUNCIL MEETING
OCTOBER, 2004
The October, 2004 regular meeting of the City Council of the City of Gem Lake was called to order by Mayor
Emeott on Monday, 18 October 2004, at 7:03 PM in the first floor meeting room of Tousley Ford. Mayor Emeott,
Councilors Igo, Birkebak, Bosak and Watson, Clerk Magnuson, Special Counsel Ben Johnson, and Financial Advisor
Todd Hagen were present. Also present were Steve Herzog, Ken Lorenz, and 6 members of the American Civics class
from White Bear Lake Senior High School.
Following Mayor Emeott's request for additions, deletions, or corrections, the following actions were taken: 1)
unanimous approval of the Minutes for the 20 September 2004 City Council meeting as presented on Motion by Igo,
Second by Watson; 2) unanimous approval of the City Council Meeting Agenda as amended for 18 October 2004 on
Motion by Watson, Second by Bosak.
Magnuson then presented General Announcements and Staff Reports covering Public Safety, Public Works,
Development and Elections.
Magnuson then reported that based upon discussions with consultants to PIP2004-01 (Scheuneman Road) during
the course of this day, it is in the best interest of the City to issue the bonds for the project immediately for cash flow
purposes and delay the assessments to the summer of 2005 following completion of the project. While currently on
schedule, the project could fall behind due to weather or other unforseen factors.
Ben Johnson was then recognized and confirmed Magnuson's report. He also stated that a very favorable financial
climate exists for issuance of the bond as rates are at a 40 year low. Stating that alternative's had been examined, it was
Bond Counsel's recommendation that we accept the Ehler's recommendation to issue the bank qualified bond through
Wells Fargo. Mr. Hagen was then recognized and, following introductions, presented the cash flow analysis and
repayment procedures to the City Council, responding to questions as he proceeded. Following Mr. Hagen's presentation,
Mr. Johnson then presented (Proposed) ResolutionNo. 2004-24 covering issuance ofthe bonds and terms and conditions
related thereto. Following discussion, Motion by Bosak, Second by Watson to adopt Resolution 2004-24 was
unanimously approved by a 5 Aye, 0 Nay and 0 Abstention vote.
Motion by Igo, Second by Watson to authorize Mayor Emeott to execute a Joint Powers Agreement with VLAWMO
which would extend the current agreement by one year to 31 December2005 was unanimously approved.
Motion by Igo, Second by Birkebak to approve accounts payable totaling $ 49,674.87 and to accept the October
Treasurer's Report as prepared by Cobian and indicating a balance in the General Fund of $43,769.48 and in the Sewer
Fund of $46,135.19 was unanimously approved.
The next meeting of the Gem Lake City Council is scheduled for 08 November 2004. There being no further
business, Motion by Igo, Second by Bosak to adjourn was unanimously approved.
AUTHORED: 23 September 2004
APPROVED: 18 October 2004
ATTEST: - ATTEST: (�
Frederic C. uson Paul R. Emeott
City Clerk Mayor
efile: minutes/2004/173octm2004.wpd
U'
CITY OF GEM LAKE
RESOLUTION NO.2004-24
18 OCTOBER 2004
�^ A RESOLUTION AWARDING THE SALE OF $586,000 GENERAL OBLIGATION
1 IMPROVEMENT BONDS (SCHEUNEMAN ROAD IMPROVEMENT PROJECT), SERIES
2004; FIXING THEIR FORM AND SPECIFICATIONS; DIRECTING THEIR EXECUTION
AND DELIVERY; AND PROVIDING FOR THEIR PAYMENT
BE IT RESOLVED by the City Council (the "Council") of the City of Gem Lake, Ramsey County, Minnesota (hereinafter,
the "City") as follows:
Section 1. Sale of Bonds.
1.01. The proposal of Wells Fargo Brokerage Services, LLC (the "Purchaser") to purchase the City's General Obligation
ImprovementBonds (ScheunemanRoad ImprovementProject) Series 2004 (the "Bonds"), in the original aggregate principal
amount of $586,000 is found and determined to be a reasonable offer and is accepted.
1.02. The sum of $26,957.15 will be credited to the Debt Service Fund hereinafter created. The Mayor and City Clerk
are directed to execute a contract with the Purchaser on behalf of the City.
1.03. The City will forthwith issue and sell the Bonds pursuant to Minnesota Statutes, Chapter 475, as amended, and
Minnesota Statutes, Chapter 429, as amended (collectively, the "Act"), originally dated November 3, 2004, bearing interest
at a rate of 3.70% to maturity and maturing on February 1, 2016. The payments of the principal of the Bonds shall be paid
on February 1 and August 1 in accordance with the schedule on Exhibit A attached to the Bonds when issued.
1.04. Optional Redemption. The City elects to prepay Bonds due on or after August 1, 2005. Redemption may be in
whole or in part and if in part, on any February 1 or August 1, in minimum amounts of $7,000 and any increment of $1,000
in excess thereof, at the option of the City and in such manner as the City will determine. Payments of the Bonds will be at
a price of par plus accrued interest.
Section 2. Registration and Payment
2.01. Registered Form. The Bonds will be issued as a single typewritten bond, only in fully registered form. The interest
thereon on the Bonds and the principal amount thereof, will be payable by check or draft issued by the City to the Purchaser.
2.02. Dates, Interest Payment Dates. The Bonds will be dated as of their date of issuance. The interest on the Bonds will
be payable on February 1 and August 1 of each year, commencing August 1, 2005, to the Purchaser.
2.03. Registration. The City appoints the City Clerk as Bond Registrar (the "Registrar"). The effect of registration and
the rights and duties of the City and the Registrar with respect thereto will be as follows:
(a) Register. The Registrar must keep at its office a bond register in which the Registrar provides for the registration
of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred or
exchanged.
(b) Exchange of Bonds. When Bonds are surrendered by the registered owner for exchange the Registrar will
authenticate and deliver one or more new Bonds of a like aggregate principal amount and maturity as requested by the
registered owner or the owner's attorney in writing.
(c) Cancellation. Bonds surrendered upon transfer or exchange will be promptly cancelled by the Registrar and
thereafter disposed of as directed by the City.
(d) Improper or Unauthorized Transfer. When a Bond is presented to the Registrar for transfer, the Registrar may refuse
to transfer the Bond until the Registrar is satisfied that the endorsement on the Bond or separate instrument of transfer
is valid and genuine and that the requested transfer is legally authorized. The Registrar will incur no liability for the
refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized.
(e) Persons Deemed Owners. The City and the Registrar may treat the Purchaser as the absolute owner of the Bond,
whether the Bond is overdue or not, for the purpose of receiving payment of, or on account of, the principal of and
interest on the Bond and for all other purposes, and payments so made to a registered owner or upon the owner's order
will be valid and effectual to satisfy and discharge the liability upon the Bond to the extent of the sum or sums so paid.
(f) Taxes, Fees and Charges. The Registrar may impose a charge upon the owner thereof for a transfer or exchange
of Bonds sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with
respect to the transfer or exchange.
(g) Mutilated Lost, Stolen or Destroyed Bonds. If a Bond becomes mutilated or is destroyed, stolen or lost, the
Registrar will deliver a new Bond of like amount, number, maturity date and tenor in exchange and substitution for and
upon cancellation of the mutilated Bond or in lieu of and in substitution for a Bond destroyed, stolen or lost, upon the
payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Bond
destroyed, stolen or lost, upon filing with the Registrar of evidence satisfactory to it that the Bond was destroyed, stolen
or lost, and of the ownership thereof, and upon furnishing to the Registrar of an appropriate bond or indemnity in form,
substance and amount satisfactory to it and as provided by law, in which both the City and the Registrar must be named
as obligees. Bonds so surrendered to the Registrar will be cancelled by the Registrar and evidence of such cancellation
must be given to the City. If the mutilated, destroyed, stolen or lost Bond has already matured or been called for
redemption in accordance with its terms it is not necessary to issue a new Bond prior to payment.
(h) Redemption. In the event any of the Bonds are called for redemption, or to be prepaid, notice thereof identifying
the amount of the Bonds to be redeemed will be given by the City to the Registrar by mailing a notice more than 30 days
prior to a date of prepayment by first class U.S. Mail (postage prepaid) to the Purchaser. The amount of the Bonds so
called for redemption will cease to bear interest after the specified redemption date, provided that the funds for the
redemption are on deposit with the place of payment at that time.
2.04. Execution, Authentication and Delivery. The Bonds will be prepared under the direction of the City Clerk and
executed on behalf of the City by the signatures of the Mayor and the City Clerk, provided that those signatures may be
printed, engraved or lithographed facsimiles of the originals. If an officer whose signature or a facsimile of whose signature
appears on the Bonds ceases to be such officer before the delivery of a Bond, that signature or facsimile will nevertheless be
valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. Notwithstanding such
execution, a Bond will not be valid or obligatory for any purpose or entitled to any security or benefit under this Resolution
G unless and until a certificate of authentication on the Bond has been duly executed by the manual signature of an authorized
representative of the Registrar. Certificates of authentication on different Bonds need not be signed by the same
representative. The executed certificate of authentication on a Bond is conclusive evidence that it has been authenticated and
delivered under this Resolution. When the Bonds have been so prepared, executed and authenticated, the City Clerk will
deliver the same to the Purchaser upon payment of the purchase price in accordance with the contract of sale heretofore made
and executed, and the Purchaser is not obligated to see to the application of the purchase price.
2.05. Temporary Bonds. The City may elect to deliver in lieu of printed definitive Bonds one or more typewritten
temporary Bonds in substantially the form set forth in Section 3 with such changes as may be necessary to reflect more than
one maturity in a single temporary bond. Upon the execution and delivery of definitive Bonds the temporary Bonds will be
exchanged therefor and cancelled.
Section 3. Form of Bond.
3.01. The Bonds will be printed or typewritten in substantially the form attached hereto as Exhibit A.
3.02. The City Clerk will obtain a copy of the proposed approving legal opinion of Kennedy & Graven, Chartered,
Minneapolis, Minnesota, which will be complete except as to dating thereof and will cause the opinion to accompany each
Bond.
Section 4. Payment; Security; Pledges and Covenants
4.01.
(a) The Bonds are payable from the General Obligation Improvement Bonds, Series 2004 Debt Service Fund (the
"Series 2004 Debt Service Fund") hereby created, and special assessments (the "Assessments"), levied or to be levied
for the improvements described in Section 1.01 ofthis resolution (the "Improvements")financed by the Bonds are hereby
pledged to the Series 2004 Debt Service Fund. If a payment of principal or interest on the Bonds becomes due when
there is not sufficient money in the Series 2004 Debt Service Fund to pay the same, the City Clerk is authorized and
directed to pay such principal or interest from the general fund of the City, and the general fund will be reimbursed for
such advances out of the proceeds of Assessments for the Improvements when collected. There is appropriated to the
Series 2004 Debt Service Fund (i) capitalized interest financed from Bond proceeds.
(b) The proceeds of the Bonds, less the appropriations made in paragraph (a), together with any other funds appropriated
for the Improvements and Assessments collected during the construction of the Improvements will be deposited in a
separate construction fund (which may contain separate accounts for each Improvement) (the "Project Fund") to be used
solely to defray expenses of the Improvements and the payment of principal and interest on the Bonds prior to the
completion and payment of all costs of the Improvement. Any balance remaining in the Project Fund after completion
of the Improvements may be used to pay the cost in whole or in part of any other improvement instituted under the Act
or, with an opinion of bond counsel, to prepay the Bonds. When the Improvements are completed and the cost thereof
paid, the Project Fund is to be closed and subsequent collections of Assessments for the Improvements are to be
deposited in the Series 2004 Debt Service Fund.
4.02. It is determined that the Improvements to be financed by the Bonds will directly and indirectly benefit the abutting
property, and the City hereby covenants with the holders from time to time of the Bonds as follows:
(a) The City has caused or will cause the Assessments for the Improvements to be promptly levied so that the first
installment will be collectible not later than 2006 and will take all steps necessary to assure prompt collection, and the
levy of the Assessments is hereby authorized. The City Council will cause all further actions and proceedings relative
to the snaking and financing of the Improvements financed hereby to betaken with due diligence that are required for
the construction of the Improvements financed wholly or partly from the proceeds of the Bonds, and for the final and
valid levy of the Assessments and the appropriation of any other funds needed to pay the Bonds and interest thereon
when due.
(b) In the event of a current or anticipated deficiency in the Assessments, the City Council will levy ad valorem taxes
in the amount of the deficiency.
(c) The City will keep complete and accurate books and records showing: receipts and disbursements in connection
with the Improvements, Assessments levied therefor and other funds appropriated for their payment, collections thereof
and disbursements therefrom, money on hand and, the balance of unpaid Assessments.
(d) The City will cause its books and records to be audited at least annually and will furnish copies of such audit reports
to any interested person upon request.
4.03. It is determined that the estimated collections of Assessments and interest thereon for payment of principal of and
C interest on the Bonds will produce at least five percent (5%) in excess of the amount needed to meet when due, the principal
and interest payments on the Bonds and that no tax levy is needed at this time.
4.04. The City Clerk is authorized and directed to file a certified copy of this resolution with the County Auditor and to
obtain the certificate required by Minnesota Statutes, Section 475.63, as amended.
Section 5. Authentication of Transcrin[
5.01. The officers of the City are authorized and directed to prepare and furnish to the Purchaser and to Kennedy &
Graven, Chartered, certified copies of proceedings and records of the City relating to the Bonds and to the financial condition
and affairs of the City, and such other certificates, affidavits and transcripts as may be required to show the facts within their
knowledge or as shown by the books and records in their custody and under their control, relating to the validity and
marketability of the Bonds, and such instruments, including any heretofore furnished, will be deemed representations of the
City as to the facts stated therein.
5.02. The Mayor and City Clerk are authorized and directed to certify that they have examined the Official Statement
prepared and circulated in connection with the issuance and sale of the Bonds and that to the best of their knowledge and
belief the Official Statement is a complete and accurate representation of the facts and representations made therein as of the
date of the Official Statement.
5.03. The City Clerk shall pay the costs of issuance for the Bonds from amounts on deposit in the Project Fund.
Section 6. Tax Covenants.
6.01. The City covenants and agrees with the holders from time to time of the Bonds that it will not take or permit to be
taken by any of its officers, employees or agents any action which would cause the interest on the Bonds to become subject
to taxation under the Internal Revenue Code of 1986, as amended (the "Code"), and the Treasury Regulations promulgated
thereunder (the "Regulations"), in effectat the time of such actions, and that it will take or cause its officers, employees or
agents to take, all affirmative action within its power that may be necessary to ensure that such interest will not become
subject to taxation under the Code and the Regulations, as presently existing or as hereafter amended and made applicable
to the Bonds.
6.02.
(a) The City will comply with requirements necessary underthe Code to establish and maintain the exclusion from gross
income of the interest on the Bonds under Section 103 of the Code, including without limitation requirements relating
to temporary periods for investments, limitations on amounts invested at a yield greater than the yield on the Bonds, and
the rebate of excess investment earnings to the United States if the Bonds (together with other obligations reasonably
expected to be issued in calendar year 2004) exceed the small -issuer exception amount of $5,000,000.
(b) For purposes of qualifying for the small issuer exception to the federal arbitrage rebate requirements, the City finds,
determ ines and declares that the aggregate face amount of all tax-exempt bonds (other than private activity bonds) issued
by the City (and all subordinate entities of the City) during the calendar year 2004 is not reasonably expected to exceed
$5,000,000, all within the meaning of Section 148(f)(4)(C) of the Code.
6.03. The City further covenants not to use the proceeds ofthe Bonds or to cause or permit them or any of them to be used,
in such a manner as to cause the Bonds to be "private activity bonds" within the meaning of Sections 103 and 141 through
150 of the Code.
6.04. In order to qualify the Bonds as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the
Code, the City snakes the following factual statements and representations:
(a) the Bonds are not "private activity bonds" as defined in Section 141 of the Code;
j(b) the City designates the Bonds as "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the Code;
(c) the reasonably anticipated amount of tax-exempt obligations (other than private activity bonds that are not qualified
501(c)(3) bonds) which will be issued by the City (and all subordinate entities of the City) during calendar year 2004
will not exceed $10,000,000; and
(d) not more than $10,000,000 of obligations issued by the City during calendar year 2004 have been designated for
purposes of Section 265(b)(3) of the Code.
6.05. The City will use its best efforts to comply with any federalprocedural requirements which may apply in order to
effectuate the designations made by this section.
Section 7. No Continuine Disclosure.
7.01. The Bonds are not subject to the requirements of SEC Rule 15c2-12 because the original aggregate principal amount
of the Bonds is less than $1,000,000.
(The remainder of this page is intentionally left blank.)
EXHIBIT A
No. R-1
[Form of Bond]
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF RAMSEY
CITY OF GEM LAKE
GENERAL OBLIGATION IMPROVEMENT BONDS
(SCHEUNEMAN ROAD IMPROVEMENT PROJECT)
SERIES 2004
Date of
Rate Maturity Original Issue
% February 1, 2016 November 3, 2004
Registered Owner: Wells Fargo Brokerage Services, LLC
Principal Amount: Five Hundred Eighty -Six Thousand Dollars
The City of Gem Lake, Minnesota, a duly organized and existing municipal corporation in Ramsey County, Minnesota
(the "City"), acknowledges itself to be indebted and for value received hereby promises to pay to the Registered Owner specified
above or registered assigns, the principal sum set forth on Exhibit A attached hereto,with interest thereon from the date hereof
at the annual rate specified above, payable February 1 and August 1 of each year, commencing August 1, 2005, to the person in
whose name this Bond is registered at the close of business on the fifteenth day (whether or not a business day) of the immediately
preceding month. The interest hereon and, upon presentation and surrender hereof, the principal hereof are payable in lawful
money of the United States of America by check or draft Wells Fargo Brokerage Services, LLC (the "Purchaser"), or its
designated successor under the Resolution described herein. For the prompt and full payment of such principal and interest as
the same respectively become due, the full faith and credit and taxing powers of the City have been and are hereby irrevocably
pledged.
The City may elect to prepay Bonds due on or after August 1, 2005. Redemption of this Bond may be in whole or in
part and if in part, at the option of the City and in such manner as the City will determine. If less than all Bonds are called for
redemption, the City will notify the Purchaser of the particular amount of such maturity to be prepaid and such redemption shall
be in a minimum amount of $7,000 and in $1,000 increments in excess thereof. Prepayments oftheBonds will be at a price of
par plus accrued interest.]
The City Council has designated the issue of Bonds ofwhich this Bond forms a partas "qualified tax exempt obligations"
within the mean ing of Section 265(b)(3) ofthe Internal Revenue Code of 1986, as amended (the "Code"), relating to disallowance
of interest expense for financial institutions and within the $10 million limit allowed by the Code for calendar year 2004.
This Bond is the single bond of the issue of the Bonds and is in the aggregate principal amount of $586,000 and issued
pursuant to a resolution adopted by the City Council on October 18, 2004 (the "Resolution"), for the purpose of providing money
to aid in financing various improvements to the sanitary sewer along Scheuneman Road, pursuant to and in full conformity with
the home rule charter of the City and the Constitution and laws of the State of Minnesota, including Minnesota Statutes, Chapters
429 and 475, as amended (collectively, the "Act"), and the principal hereof and interest hereon are payable primarily from Special
Assessments levied against property specially benefitted by system improvements in a special debt service fund of the City, as
set forth in the Resolution to which reference is made for a full statement of rights and powers thereby conferred. The full faith
and credit of the City are irrevocably pledged for paymentof this Bond and the City Council has obligated itself to levy ad valorem
taxes on all taxable property in the City in the event of any deficiency innet revenues and Special Assessments pledged, which
taxes may be levied without limitation as to rate or amount. The Bonds of this series are issued registered Bond as one fully.
IT IS HEREBY CERTIFIED AND RECITED that in and by the Resolution, the City has covenanted and agreed that
it will also create and maintain a General Obligation Improvement Bonds, Series 2004 Debt Service Fund, into which it will pay,
out of the Special Assessments and ad valorem taxes a sum sufficient to pay principal hereof and interest thereon when due; and
that it will provide, by ad valorem tax levies, for any deficiency in required Special Assessments.
As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books
of the City at the principal office of the Purchaser, by the registered owner hereof in person or by the owner's attorney duly
authorized in writing upon surrender hereof together with a written instrument of transfer satisfactory to the Purchaser, duly
executed by the registered owner or the owner's attorney; and may also be surrendered in exchange for Bonds of other authorized
denominations. Upon such transfer or exchange the City will cause a new Bond or Bonds to be issued in the name of the transferee
or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturing on the same date,
subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to such transfer or exchange.
The City and the Purchaser may deem and treat the person in whose name this Bond is registered as the absolute owner
hereof, whether this Bond is overdue or not, for the purpose of receiving payment and for all other purposes, and neither the City
nor the Bond Registrar will be affected by any notice to the contrary.
IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required
by the home rule charter of the City and the Constitution and laws of the State of Minnesota to be done, to exist, to happen and
to be performed preliminary to and in the issuance of this Bond in order to make it a valid and binding general obligation of the
City in accordance with its terms, have been done, do exist, have happened and have been performed as so required, and that the
issuance of this Bond does not cause the indebtedness of the City to exceed any constitutional, statutory or charter limitation of
indebtedness.
This Bond is not valid or obligatory for any purpose or entitled to any security or benefit under the Resolution until the
Certificate of Authentication hereon has been executed by the Bond Registrar by manual signature of one of its authorized
representatives.
IN WITNESS WHEREOF, the City of Gem Lake, Ramsey County, Minnesota, by its City Council, has caused this Bond
to be executed on its behalf by the facsimile or manual signatures ofthe Mayor and City Clerk and has caused this Bond to be
dated as of the date set forth below.
Dated: November 3, 2004
CITY OF GEM LAKE, MINNESOTA
(Facsimile)
Mayor
(Facsimile)
City Clerk
PROVISIONS AS TO REGISTRATION
The ownership of the principal of and interest on the within Bond has been registered on the books of the Registrar in
the name of the person last noted below.
Date of Registration
November 3, 2004
G
Signature of
Registered Owner The City Clerk as Registrar
Wells Fargo Brokerage Services, LLC
EXHIBIT A
PAYMENT SCHEDULE FOR THE SERIES 2004 IMPROVEMENT BONDS
(End of Form of Bond)
The foregoing Resolution was offered by City Councilor Bosak and was supported by City Councilor Watson and was
declared adopted based upon the following vote:
NAME
EMEOTT
WATSON
BIRKEBAK
IGO
BOSAK
VOTE
Aye
Aye
Aye
Aye
Aye
ATTEST
I, Frederic C. Magnuson, the duly qualified City Clerk of the City of Gem Lake, County of Ramsey, State of Minnesota, do
hereby certify that the foregoing Resolution is a true and accurate representation of action taken by the City Council of the City
of Gem Lake on the date first written in so far as they relate to the issuance and sale of $586,000 General Obligation Improvement
Bonds (Scheuneman Road Improvement Project), Series 2004 of the City.
Frederic C. Magnuson, City
Certif ieb CoN
Date
S/o C y
e-file: resolution\2004\no2004-24
City of Gem Lake, Minnesota
$585,459 General Obligation Improvement Bonds, Series 2004
(2004-01 Scheuneman Road Sanitary Sewer and Roadway Reconstruction)
-Wells Fargo Negotiated Sale/11 Year Term -
Debt Service Schedule
Date
Principal
Coupon
Interest
Total P+I
Fiscal Total
11/03/2004
-
�16,126.15
08/01/2005
-
16,126.15
-
02/01/2006
-
-
10,831.00
10,831.00
26,957.15
08/01/2006
24,457.59
3.700%
10,831.00
35,288.59
-
24,910.05
3.700%
10,378.53
35 288.58
70,577.17
_02/01/2007
08/01/2007
25,370.89
3.700%
9,917.70
35,288.59
-
02/01/2008
25,840.25
3.700%
9,448.34
35,288.59
70,577.18
08/01/2008
26,318.29
3.700%
8,970.29
35,288.58
-
02/01/2009
26,805.18
3.700%
8,483.40
35,288.58
70,577.16
08/01/2009
27,301.08
3.700%
7,987.51
35 288.59
-
02/01/2010
27,806.15
3.700%
7,482.44
35,288.59
70,577.18
08/01/2010
28,320.56
3.700%
6,968.02
35,288.58
-
02/01/2011
28,844.49
3.700%
6,444.09
35,288.58
70,577.16
08/01/2011
29,378.11
3.700%
5,910.47
35,288.58
-
02/01/2012
29 921.60
3.700%
5,366.97
35,288.57
70,577.15
08/01/2012
30,475.16
3.700%
4,813.42
35,288.58
-
02/01/2013
31,038.95
3.700%
4,249.64
35,288.59
70,577.17
01/01/2013
31,613.17
3.700%
3,675.42
35,288.59
-
02/01/2014
32,198.01
3.700%
3,090.57
35,288.58
70,577.17
08/01/2014
32793.67
3.700%
2,494.91
35288.58
-
02/01/2015
33,400.36
3.700%
1,888.23
35,288.59
70,577.17
08/01/2015
34,018.27
3.700%
1,270.32
35,288.59
-
02/01/2016
34,647.60
3.700%
640.98
35,288.58
70,577.17
Total $585,459.43 - $147,269.40 $732,728.83 -
Vialri Cia4iQfir z
Bond Year Dollars $3,980.25
Average Life _ _ 6.799 Years
Average Coupon 3.6999998%
Net Interest Cost (NIC) 3.9941817%
_True Interest Cost (TIC) 4.0445282%
Bond Yield for Arbitrage Purposes 3.6979338%
All Inclusive Cost (AIC) 4.3777711 %
IRS Form 8038
Net Interest Cost 3.6999998%
Weighted Average Maturity 6.799 Years
04 Imp Well Fargo Sale 3+ 1 Issue Summary 1 10/18/2004 1 4:53 PM
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00
Efi
Date: October 7, 2004
To: Paul Emeott
From: Jim Lindner
Re: Gem Lake Planning Commission meeting, 10-5-04
'� ++++TTT- + i I' .........................................."" f +++
The Gem Lake Planning Commission met on Tuesday, October 5, 2004 in the first floor
meeting room of Tousley Ford. Members Jim Lindner, Al Becicka, and Kathy Robins
were present. Clerk and Co -Zoning Administrator Fritz Magnuson and Gretchen
Swomley were also present. Jim McNulty, Brian Harjes, and Roger Anderson were also
in attendance. In the absence of Chairman Hoeschler, Mr. Lindner served as acting chair.
The meeting came to order at 7:OOPM.
Fritz introduced current Zoning Ordinance semantics regarding building height. JL
explained how tonight's meeting was a discussion in preparation for the upcoming public
hearing.
Mr. McNulty gave an overview of his height issue and stated he desires flexibility. Al
inquired about deeper basements which pose a problem for walkouts. Fritz explained his
review process on heights.
Brian Harjes explained roof issues and had examples. Roger had photos to illustrate.
Discussion then turned to ways to make the language clear. McNulty said he wanted to
keep 35' as a reference point but there is inconsistency in the definitions found in
Ordinance 43. International Building Code is moot on heights. We discussed curb
appeal.
For the present we will work with this variance request, but long term is to make
Ordinance 43 clearer on intent and factor in flexibility. McNulty will limit walk outs to
10' ceilings (anything higher will require losing roof height) if the variance is granted.
Next meeting is Tuesday, October 19 (which will replace our November meeting).
There being no further business, the meeting was continued at 8:35PM.
Claims For Payment CITY OF GEM LAKE Period Ending 10/18/2004
Paul Emeott, Mayor
Chuck Watson, Council
Roland Birkebak, Council
Richard Bosak, Council
Patrick Igo, Council
Frederic Magnuson, Clerk
Signatures Approving Claims For Payment
Date Of Approval
x�
DATE 16/
DATE )0 Ili / 7
DATE
DATE
DATE
DATE /0
CLAIDI#
DATE
PAID
PAID TO
DESCRIPTION OF CLAIM I
SP
2052
18-Oct
Metropolitan Council
Current User Charges: November 2004
-
SI'
2053
_ _
18-Oct
Gopher State One -Call
C .
JoRegularTicketsOa S1.15Aicket(+voiceonly a52 25/4
-- -
SP
2054
18-Oct
SEH, Inc. -
! Design Services for New Sanitary Sewer
SP
2055
18-Oct
MAG_NUSON & ASSOCIATES, LLC
I TOTAL CLAIM
SP
2055
18-Oct
Magnuson& Associates, LLC
I BillingPostage
SP
2055
18-Oct
Magnuson & Associates, LLC -
MarkingPaint
SP
2056
18-Oct
Paul R. Emeott _
i Sewer Project: 4 hrs $75/hr
GP
6508
22-Sep
Ramsey County
Law Enforcement: September 2004
GP
6509
22-Sep
LEONARD,O'BRIEN,SPENCER.GALE&SAYREi TOTAL CLAIM
GP
6509
�_2-Sep
Leonard, O'Brien, Spencer. Gale & Sayre
MunicipalMtrs. TelConfReSe%ver,RvwBldgligt
GP
6509
22 Sep
Leonard. O'Brien, Spencer, Gale & Sayre
Hillary Farm Development
GP
6510
27-Sep
CINDY SHILTS
TOTAL CLAIM_ _
GP
6510
27-Sep
Cindy Shilts
Permit Closure _For #B2004-09
GP
6510
27-Scp
Cindy Shilts
Permit Closure For
GP
6510
27•Sep
Cindy Shilts
Permit Closure For #M2004-05
Perin
GP
6511
01-Oct
'CITY OF GEM LAKE -SEWER FUND
TOTAL CLAIM
GP
65 I I
01-Oct
City of Gem Lake -Sewer Fund
TransferSACPayment (City SAC)
GP
6511
01-Oct
City of Gem Lake - Sewer Fund
TransferSACPayment (Metro SAC)
GP
6512
18-0ct
INTERNAL REVENUE SERVICE
AD QTR 2004 WITHHOLDING
GP
6512
18-Oct
Internal Revenue Service
3rd Qtr 2004: Employee SS Payment (
GP
6512
18-Oct
Internal Revenue Service
3rd Qtr 2004: City SS Payment I
GP
6512
1-8-Oct
Internal Revenue Service
3rd Qtr 2004: Employee Medicare Payment
GP
6512
1 S-Oct
Internal Revenue Service
3rd Qtr 200_4: City Medicare Payment
GI'
6513
18-Oct
MINN_ESOT_A STATE TREASURER
TOTAL CLAIM
GP
6513
18-Oct
Minnesota_ State Treasurer
i 3rd Qtr 2004: Building Permits
GP
6513
I S-Oct
Minnesota State Treasurer_
3rd Qtr 2004: Plumbing Permits -
GP
6513
18-Oct
Minnesota State Treasurer
3rd Qtr 2004: Mechanical Permits
GP
6513
18-Oct
Minnesota State Treasurer
3rd Qtr 2004: Permit Retention
GP
6514
18-Oct
TelConfRegardingThury_
GP
6515
18-Oct
Xcel Energy
Street Lighting_ -September 2004
GP
6516
18-Oct
E-L Recycling, Inc.
I Curbside Recycling: October 2004
GP
6517
I8-Oct
SEH, INC.
I TOTAL CLAIM
GP
6517
18-Oct
SEH, Inc.
I Interstate 1-35E Corridor Study
GP
6517
18-Oct
SEH, Inc.
City Engineering Services
GP
6517
I8-Oct
SEH, Inc,
hfillary Farm Development _
GI'
6518
18-Oct
Ramsey County
Law Enforcement: October 2004
GP
6519
18-Oct
PRESS PUBLICATIONS
TOTAL CLAIM _
GP
6519
I8-Oct
Press Publications
LegTrans #304446: Notice of Public Accuracy I
GI'
6519
18-Oct
Press Publications
LegTrans 9304447_ Notice of Special Council Mtg
GI'
6520
18-Oct
CITY OF WHITE BEAR LAKE
TOTAL CLAIM _ _
GI'
6520 1 S-Oct
City of White Bear Lake
Fire & Paramedic: October 2004
Gil
6520 18-Oct
City of White Bear Lake
Fire Marshall & Inspections: October 2004
GP
6521
1 18-Oct
Cindy Shilts
Plan Review for #132004-19
GP
6522 18-Oct
f.EONARD.O'BRIEN,SPENCER,GALE&SAYRE TOTAL CLAIM
GP
6522 18-Oct
Leonard, O'Brien, Spencer, Gale_& Sayre
MunieMtrs:RvwPropSehRdContrae.ConvW/SEH
Gil
6522 18-Oct
Leonard, O'Brien, Spencer, Gale & Sayre
Hillary Farm Development
GP
6522 18-Oct
Leonard, O'Brien, Spencer, Gale &_Sayre
Hansen Detach -Annexation
GP
6523 18-Oct
MAGNUSON & ASSOCIATES, LLC
TOTAL CLAIM
GP
6523 18-Oct
Magnuson & Associates. LLC
Telephone&FacsimileService: Sep/Oct-2004
GP
6523 1 Toct
Magnuson & Associates. LLC
I OflieeSupplies,Copying&Postage: Sep'Oct-2004
GP
6523
l 8-Oct
Magnuson &_Associates. LLC
HansenAnnexationPoslageToNewcome
GP
LV
6523 18-Oct
-
Magnuson & Associates. LLC
Election$upplics&Miscellaneous Elections
GENERAL I
SEWER
,MOUNT
I FUND
FUND
857_60
857.60
34.00
34.00
13,927.69
13,927.69
93.13'1
74.00
19 13
300.001
5,045.19
2,262.501
1,463.8' 1
2,000.00 1
300.00
5.045.)9
75.00
2.187.50,
1,205.06
138.75 -_
120.00 _
650.00
1,350.00
413.12 _ _
167.40
167.40 -
39.16
39.16
40.45
59.95
2.50
3.00
(25.00)
24.50
24.50
6742
6742
281 30
281.30
3.135.21
40.96
122.00
2.972.25
5,045.19
5,045.19
47.60
23.80
23.80
1,101.41
1,099.97
6,972.00
5,187.28
i
853.83
247581,
1.099.97
_337.50
187.50
6,447.00
128.17; -
184.88
17.85
3.48
Run Date & Time: 10/18/2004 at 03:19:02 PM File: 04claim10.123
. Claims For Payment CITY OF GEM LAKE Period Ending 10/18/2004
Paul Emeott, Mayor
Chuck Watson, Council
Roland Birkebak, Council
Richard Bosak, Council
Patrick Igo, Council
Frederic Magnuson, Clerk
Signatures Approving Claims For Payment
Date Of Approval
n
DATE
/
DATE /0 A&
DATE
DATE / 0 lB l Oq
f
DATE
DATE / /
ICDATE
LAIM#
PAID
PAID TO
DESCRIPTION OF CLAIM
$ AMOUNT
GENERAL
FUND
SEWER
FUND
35,25
GP 6523 18-Oct Magnuson & Associates. LLC Mileagc:Scp/Oc1-2004( 94 50.375)
GP
6523
18-*Oct
Magnuson & Associates. LLC
IntemetAccess450%):Sep/0c1-2003
23.90
GP
6523
18-Oct
Magnuson & Associates. LLC
LapTopComputer-50"/oMonlhly($550 Bal)
50.00
GP
6523
18-Oct
Magnuson & Associates. LLC
AssistantClerk.Sep/Oet-2004: 16.00 hours
800.00
GP
6523
18-Oct
Magnuson & Associates. LLC
7_oningAdmin, Scp/Oct_2004: 14.25 hours
1.068.75
GP
6523
18-Oct
Magnuson & Associates. LLC
ZoningAdminBillable Sep/Oct-2004: 00.00 hours
0.00
GP
6523
18-Oct
Magnuson & Associates. LLC
GeneralAdmin, Sep/Oct-2004: 14.50 hours
1.087.50
GP
6523
18-Oct
Magnuson & Associates. LLC
GeneralAdminBillable, Sep/Oct-2004: 01.50 hours
_
_ 112.50
GP
6523
18-Oct
Mngnuson & Associates. LLC
SewerAdminFM, Sep/Oe1-2004: 13.75 hours
1,031.25
GP
6523
18-Oct
Magnuson & Associates. LLC
Sc%vcrAdmmSC. Sep/Oet-2004: 02.00 hours
100.00
GP
6523
18-Oct
Magnuson & Associates. LLC
ChiefElectionJudge:Sep/Oct-2004: 03.75 hours
168.75
GP
6523
18-Oct
Magnuson & Associates. LLC
I CodcEnrorccmenl:ScptOct-2004: 05.00 hours
375.00
GP
6524
18-Oct
Moll M. Bonin
Head ElectionJudge-Training: Sep 29, 2.00 hours
28.00
28.00
_ �^
GP
6525
_
18-Oct
..Y -
PAUL R. EMEOTT
TOTAL CLAIM
_ 247.50
f
GP
6525
1-8-Oct
Paul R. Emeott
Zoning Work: 2.5 hrs_@ $75/hr
_
187.50
GP
6525
18-Oct
Paul R. Emeott
Meetings Attended: 3 @ $20/mtg
— 60.00
ALL
10/18/2004
OCTOBER SUMMARY
TOTAL FOR OCTOBER
$49,674.87
$32,762.45
$16,912.42
8.33% Of Budget Monthly
% Annual Budget
17.83%
1 1.76%
6.07 %
ALL
10/18/2004
1 YEAR-TO-DATE SUMMARY
TOTAL YEAR-TO-DATE
$420,659.35
$284,410.92
$136,248.43
83.33% Of Year Completed
% Annual Budget
150.96%
124.36%
272.77%
ALL
10/18/2004
1 VERSUS ANNUAL BUDGET
Annual Budget $Under/($Over)
(S188,451.01) ($93,827 58) ($94,623,43)
83.33 % Of Year Completed
Annual Bud l%Under/-%Over
-67.63%
-41.031/.
i— _189_44 %
Run Date & Time: 10/18/2004 at 03:19:02 PM File: 04claim10.123
GENERAL FUND CHECKING 2004 CITY OF GEM LAKE
TREASURER'S REPORT
OF GEM LAKE
GENERAL
C
35901.43
4233&43
FUND
H
01/01/2004 START 79047.60
County Road "E" East
[Gem
CHECKING
K
43,769.48
-259057.15
215910.981
43146.17
Lake, MN 55110-5231
I
N
BANK
BALANCE
DEBIT
CREDIT I
39308.30
BALANCE
TRAN
TRAN
CHECKS TO
DEPOSrrS FROM
PAYMENT FOR
DATE
#
P6484
ALLEN O. ZEPPER
Allen O.
TOTAL CLAIM
Senior Buildin Official ICBO R ' n
9
9
(730.42
50.00
281.30
53.755.51
53,405.51
53,124.21
52,654.10
52,304.10
52,022.80
13-
13
P64951
24Se
P6486
E-Z Recycling, Inc.
Curbside Recycling: September 2004
9
52,022.90
4
24S
P6486
Premier Bank
Premier Bank
TheirEnorinPostin p!!taBankTo
Safe Box Rental
9
9
9
(50.00
1 101.41
0.10
53,124.31
53.074.31
51,972.90
51.972.90
50,871.49
CITY OF WHITE BEAR LAKE
LEAGUE OF MINNESOTA CITIES
TOTAL CLAIM
TOTAL CLAIM
9
9
(446.00
1,579.9849,948.02
50,425.49
:nJ
49,948.02
48,846.61
L R EMEOTT
Richard Bosak
TOTAL CLAIM
3rd Qtr'04 Salary ($200.00-12.40ss-2.90rnm)
184.49,76332
48,846.61
Patrick
3rd '04 $200.00-12.40ss-2.90mm
184.70
49,579.62
48.946.61
ROLAND BIRKEBAK
TOTAL CLAIM
9
04.70
49,373.92
48,641.91
Chuck Watson
3rd '04 ($200.00-12Apss-2.90mm)
9
184.70
49,189.22
48,45721
22-Se
P6494
P6495
6
Sarah Cobian
Frederic C. uson
3rd Qtr'04 ($650.00-40.30ss-9.43mm
3rd Qtr'04 Sal (S750.00�46.50ss-10.88mm)
9
9
600.27
((9l;
48,588.95
47,79833
47,417.33
47 856.94
47,164.32
066
46,685.52
22Se
7
Meslow & Olson, PL-C
PRESS PUBLICATIONS
Tel honeConf,Confirm/NotorizeDocs: Th
TOTAL CLAIM
9
9
98.00
(380.80
47,417.53
47 9.96
46,685.52
46,617.95
Sep8
9
0
XceI
Derek Wi ich
Street Li August 2004
Inte vlMt •1-35ECorrM t, May & A 2)
9
67,
(40.00
47,309.96
46,617.95
12&Sep.04
1
Mo IvL Bonin
Electianlud /14/04:12.50 hours
9
I50.00
47,159.96
46,467.95
�JD
2
KRISTINA M. SWANSONTOTAL
CLAIM
9
144.00
47,015.96
46907.96
46323.95
46,323.95
03
DAWNRSEGERMARK
TOTAL CLAIM
108.00
144.00
46,763.%
46,179.95
04
GABRIELLE C. BLAKE
TOTAL CLAIM
9
9
72.00
46,691.96
46,107.95
05
R
Election Greeter-Primmy9/14/04: 6.00 hours
06
SEK Inc.
City Engineering Svcs: Mary Farms Subdi '
9
2,&%.00
43,835.96
43,251.95
507
MAGNUSON & ASSOCIATES, LLC
TOTAL CLAIM
9
8,755.93
35,080.03
34,496.02
22-Sep.,04
3P6508
Ramsey CountyLaw
Enforcement September 2004
5,045.19
30.034.94
34,496.02
27
P6509
LEONARD,OBRIEN,SPENCER,
TOTAL CLAIM
9
,262.50
27,772.34
32,233.52
1
Weber
strctors .id12004-02 hipPlum
9
100.00
27,872 34
32,333.52
2
RICHARD YADEAU
TOTAL PAYMENT
9
310.65
28,182.99
32,644.17
`.
pg.S
3
HILLARY FARM, LLC
TOTAL PAYMENT
9
5,662.50
33,845.49
38,306.67
08-Sep-04
4
Belair Excavating
Demolition Permit ND2004-01
9
100.00
33,945.49
38,406.67
5
Belau Excavatin
Sewer Constrictors License N2004-01
9
100.00
34,045.49
38,506.67
p
6
Barnes PlumbingPlumbing
Permit #P2004-07
9
460.50
34,505.99
38,967.17
p
7
Automatic poor
Mechanical Permit #Ivt2004-08 Short f75)
9
135.50
34,641.49
39,102.67
8
Automatic Door
Mechanical Permit NW004-08
9
75.00
34,716.49
39,177.67
10-Sep-04
1
Hugh Schillin�Jr.
Minnesota AHadavit for Candidacy Filing Foe(
9
2.00
34,718.49
39,179.67
1
2
Thomas Rasmussen
Minnesota Affidavit for CandidacyFilm F
9
2 00
34,720A9
39,183.67
I
3
paw Em Don
Minnesota Affidavit for CandidacyFiling F
9
2.0o
34,722.49
39,183.67
1
4
State ofMinnesota
Traffic Fines: 2004
9
259.50
34,981.99
39.443.17
10-Se
5
Larry and Mary Bauer (tor St. Paul Pioneed
Document Sales: ZoniN Ord for B. Hanson)
9
16.00
34,997.99
39,459.17
1
6
T Gustafson
BuiWin&Permit#B2004-18
9
127.50
35.125.49
39,586.67
10
7
Outdoor Design
plumbing Permit #P2004-08
9
290.50
35,415.99
39,877.17
1
8
Krech Exteriors
Building Permit #B2004-17
9
1076.85
36,492.94
40 954.02
24.Se
1
Lance Rustad & Valerie Hughes
2004 Individual Septic Inspection Fee
9
30.00
30.00
36,Tn.94
36,552.94
40,984.02
41,014.02
24-Sep-04
2
Mary Egg
2004 Individual tic Ingmhon Fee
9
9
30.00
36,582.84
41,044.02
24
3
Richard Areaod
2004 Individual Septic I n Fee
30.00
36,612.94
41,074.02
pp.Se
4
Dianne Carlson
2004 Individual Septic Inspection Fee
9
30.00
36,642.84
41 104.02
24-Se
5
John Shearon
2004 Individual Septic Inspection Foe
9
9
30.00
36,672.84
41.134.02
24-Sep-04
6
Richard Amend
2004 Individual Septic Inspection Fee
30.00
36,702.84
41,164.02
2
7
Tim Hep
2004 Individual Septic Inspection Fee
9
30.00
36,732.94
41,194.02
244ge - q
8
Richard Arcand
2004 individual Septic Inspection Fee
9
9
30.00
36,762.84
41,224.02
2
9
Barbara Major
2004 individual Septic Inspection Fee
30.00
36,792.84
41 254.02
24-
10
Sue Narayan
2004 individual Septic hupoction Fee
9
30.00
36,822.94
41.294.02
11
M&e Przybylski
2004 Individual Septic Inspection Fee
9
30.00
36 852.84
41.314.02
2
12
George Jungian
2004 Individual Septic Inspection Fee
9
30.00
36,882.84
41,344.02
24Sep.04
13
Randy Bernier
2004 Individual Septic Inspect= Fee
9
9
30.00
36,912.84
41 74.02
2
14
Ray Tessier
2004 Individual Septic Inspection Fee
30.00
36,942.84
41,404.02
24-SepA4
15
CliffNadeau
2004 Individual Septic Inspection Fee
9
30A0
36 972.94
41,434.02
2
16
Mike Garrett
2004 Individual Septic Ins on Fee
9
30.00
37 002.84
41,464.02
St
17
Dan Janssen
2004 individual Fee
9
Run Date: 10/11/2004 at 12:10:14 PM E-File: PGFCheck04.123 Pagel of 2
GENERAL. Form CHECKING 2004 CITY OF GEM LAKE
TREASURER'S REPORT
P"- Y OF GEM LAKE
GENERAL
C
35901.43
42338.43
. County Road "E" East
FUND
H
01/01/2004 START 79047.60
-259057.15
215910.98
43146.17
Gem Lahe, MN 55110-Ml
CHECKING
K
I
43,769.48
BANK
TRAM
TRAN
CHECKS TO
39308.30
DATE
#
DEPOSITS FROM
PAYMENT FOR
N
DEBIT
CREDIT
BALANCE
BALANCE
24-Se 4
18
Darlene McPhillips
2004 Individual Septic Inspection Fee
9
30.00
37,032.84
41,494.02
24-Se
19
Patrick Arcand
2004 Individual Septic Inspection Fee
9
30.00
37,062.94
41,524.02
24-Se 4
20
Nancy Bosak
2004 Individual Septic Inspection Fee
9
37.092.84
41,554.02
24-Se 4
21
Glad Parenteau
2004 Individual Septic Inspection Fee
9
37.122.84
41,584.02
24-Se
22
Kathleen Brown
2004 Individual is Ins lion Fee
9
A30.00
37,152.94
41,614.02
24-Se 04
23
Richard Nordstrom
2004 Individual 'c 1 lion Fee
9
37,182.84
41,644.02
24-Se
24
Ken Kirchhoff
2004 Individual Septic Inspection Fee
9
37,212.84
41,674.02
25
Don Hewitt
2004Individual Septic Ins ion Fee
9
37,242.84
41,704.02
24-Se
26
Steve Herzog
2004 Individual Septic Inspection Fee
9
30.00
37,272.94
41,734.02
24-Se 4
27
Giovanna Leick
2004 individual Septic Inspection Fee
9
30.00
37,302.84
41,764.02
2¢
28
John Navin
2004 Individual Septic Inspection Fee
9
30.00
37,332.84
41,794.02
24-Se
29
Scott Tessier
2004 Individual Septic Inspection Fee
9
30.00
37,362.84
41,824.02
24-Se 4
30
Roberta Feiner
2004 Individual Septic Inspection Fee
9
30.00
37 392.84
41,854.02
24-Se 04
31
Dorothy Snodie
2004 Individual Septic Inspection Fee
9
30.00
37,422.84
41,884.02
24-Se
32
E ne Newcomb
2004 Individual Septic Inspection Fee
9
30.00
37,452.94
41,914.02
24-5 04
33
Tom Hoffman
2004 Individual Septic Inspection Fee
9
30.00
37,482.94
41,944.02
24-Se 4
34
Jerry Larsen
2004 Individual Septic Inspection Fee
9
30.00
37 512.84
41,974.02
24-Se 4
35
Howard Cammack
2004 Individual Septic Inspection Fee
9
30.00
37,542.84
42,004.02
24-Se 4
36
John Mathem
2004 Individual Septic Inspection Fee
9
30.00
37 572.84
42,034.02
24-5 4
371
Al Schriber
2004 Individual Septic Inspection Fee
9
30.001
37,602.94
42,064.02
24-5 04
381
Thomas Kapsner
2004 Individual Septic Inspection Fee
9
30.001
37 632.84
42,094.02
24-S 4
391
Holly Watson
2004 Individual Septic Inspection Fee
9
30.00
37,662.84
42,124.02
24-Se 4
401
Mary Jean Schmidt
2004 Individual Septic Inspection Fee
9
30.00
37,692.84
42,154.02
24-5 4
411
Dennis Holman
2004 Individual Septic Inspection Fee
9
30.00
37,722.84
42,184.02
24-S
42
Dale Swomley
2004 Individual Septic Inspection Fee
9
30.00
37,752.84
42,714.02
24-Se 4
43
Craig Rafferty
2004 Individual Septic Inspection Fee
9
30.00
37.782.94
42244.02
44
Kuehn Excavating
2004 Individual Septic Inspection Fee
9
30.00
37,812.94
42,274.02
_21-3epM
-Sep-04
45
Dan Kunin
2004 Individual Septic Inspection Fee
9
30.00
37,842.84
42,304.02
,d
46
Dan Kunin
2004 Individual Septic Inspection Fee
9
30.00
37,872.84
42,334.02
24-Se 04
47
Launderville Towing
Reimbursement for Staff & En&ecring Time
9
565.15
381437.99
42,899.17
24-Se"4
48
RamseyCounty2004
SCORE Recycling Grant
9
821.00
39,258.99
43,720.17
30-Se 4
I
Premier Bank
Interest Paid This Period
9
49.31
39,308.301
43,769.48
Run Date: 10/11/2004 at 12:10:14 PM E-File: PGFCheck04.123 Page 2 of 2
I
Premier
limp Bank Minnesota Owned. Minnesota Operated.
r
CITY OF GEM LAKE
GENERAL FUND
1369 COUNTY ROAD E E
GEM LAKE MN 55110-5231
Page: 1
Account Number: 6005590
Statement Date: 9/30/04
Checks/Items Enclosed: 26
86
PREFERRED ELITE
Premier Bank offers the most competitive
certificate rates in Minnesota.
Call Premier Banks today for maturity
and interest payment options.
CITY OF GEM LAKE
GE EZRAL FUND
Beginning Balance 9/01/04
Deposits / Misc Credits 6
Withdrawals / Misc Debits 21
** Ending Balance 9/30/04
Service Charge
Interest Paid Thra 9/30/04
Interest Paid Year To Date
Average Balance
Average Collected Balance
Minimum Balance
Average Rate / Cycle Days
Enclosures
Miscellaneous Credits
Acct 6005590
53,384.52
11,535.96
21,151.00
43,769.48 **
.00
49.31
426.72
55,773
54,837
43,720
1.10333 / 30
26
Date
Deposits
Withdrawals Activity Description
9/08
6,944.15
DEPOSIT
9/10
1,776.35
DEPOSIT
9/24
510.00
DEPOSIT
9/24
510.00
DEPOSIT
9/24
1,746.15
DEPOSIT
9/30
49.31
INTEREST EAMM
F 1''•t. _10r_td Lr3
MEMBER FDIC
SEE REVERSE SIDE FOR ADDITIONAI INFOPMnTIMI
CITY OF GEN LAZE
Paid Checks
Date Check No.
9/13
6484
0000
9/13
6485
0000
9/24
6486
0000
9/23
6487
0000
9/28
6488
0000
9/24
6489
0000
9/27
6490
0000
Daily Balance Summary
Date Balance
'08
60,328.67
l0
62,105.02
9/13
61,024.60
9/21
60,747.90
Account Number:
Statement Date:
*
indicates skip in check numbers
Amount
Date
Check No.
Amount
Date
730.42
9/21
6493*
204.70
9/28
0.00
9/22
6494
184.70
9/24
281. 0
9/22
6495
600.27
9/27
0.00
9/24
6496
692.62
9/21
1,101.41
9/29
6497
98.00
9/24
446.00
9/24
6498
380.80
9/24
1,578.88
9/27
6499
67.57
9/27
Page: 2
6005590
9/30/04
Check No. Amount
6501*
150.00
6502
144.00
6504*
144.00
6505
72.00
6506
2,856.00
6507
8,755.93
6509*
2,262.50
Date
Balance
Date
Balance
9/22
59,962.93
9/28
43,818.17
9/23
59,912.93
9/29
43,720.17
9/24
49,122.53
9/30
43,769.48
9/27
45,069.58
'Y//
OM&
Ok
yn/d�cc Yoga ahead a iq' L/ar, ��
C'orrecY.�zr C/jw
SEWER FUND CHECKING 2004 CITY OF GEM LAKE
TREASURER'S REPORT
V OF GEM LAKE
SEWER
FUND
C
H
04 Jan
START
41,873.66
i County Road "E" East
CHECKING
K
46135.19
-119336.01
123597.54
242933.55
Gem Lake, MN 55110-5231
I
N
BANK
BALANCE
DEBIT
CREDIT
46135.19
BALANCE
TRAM I
TRAN
CHECKS TO
DEPOSITS FROM
PAYMENT FOR
DATE
#
SP2047
Metropolitan Council
Current User Charges October 2004
9
-857.60
63970.73
63970.73
2
SP2048
REED BUSINESS INFORMATION
TOTAL CLAIM
9
-343.80
63626.93
63626.93
29-St
SP2049
City of Vadnais Heights
Sewer Maintenance: Final Payment 2004
9
-443.28
63183.65
63183.65
29-Sep-04
ISP2050
Gopher State One -Call
9RegulacTickets(a)$1.I5/ticket(+voiceonly(a)S2.
9
-30.60
63153.05
63153.05
24
SP2051
SEK INC.
TOTAL CLAIM
9
-17997.90
45155.15
45155.15
08-Sep-04
1
ARNCO INDUSTRIES
TOTAL PAYMENT
9
150.00
45305.15
45305_15
08- 4
2
SINGH ENTERPRISES
TOTAL PAYMENT
9
264.00
45569.15
45569.15
08-5 4
3
SINGH ENTERPRISES
TOTAL PAYMENT
9
528.00
46
4615
1
TNT Sales
2nd Qtr 2004 Sewer Fees/Residential
9
28.00
46125.15 25.15
4612 5.15
30-Sep-04
1
Premier Bank
Interest Paid This Period
9
1
1 10.04
46135.191
46135.19
Run Date: 10/11/2004 at 11:59:08 AM E-File: PSFCheckO4.123 Page I
.., Premier =
IMES MUM
Bank Minnesota Owned. Minnesota Operated. MEMBER FDIC
r
Page: 1
CITY OF GEM LAKE
SEWER FUND Account Number: ber: 6005582
1369 COUNTY ROAD E E Statement Date: 9/30/04
GEM LAKE MN 55110-5231 Checks/Items Enclosed: 7
86
ATTENTION Economy, Plus and Classic Checking
Account Holders:
We will NO longer be charging a $1.00 monthly
fee for your Instant Cash & Check Card.
PREMIER PLUS CITY OF GEM LAKE Acct 6005582
SEWER FUND
_Beginning Balance 9/01/04
64,828.33
Deposits / Misc Credits -3
-980.04
-Withdrawals / Misc Debits 5
19,673.-18
** Ending Balance 9/30/04
46,135.19 **
Service Charge
.00
Interest Paid Thru 9/30/04
10.04
Interest Paid Year To Date
58.81
Average Balance
61,088
Average Collected Balance
61,048
Minirium^ Balance
46,125
Average Rate / Cycle Days
.20000 / 30
Enclosures
7
Miscellaneous Credits
Date
Deposits
Withdrawals
Activity Description
9/08
942.00
DEPOSIT
9/24
28.00
DEPOSIT
9/30
10.04
INTEREST EARZED
Paid Checks
* indicates skip in check numbers
Date
Check No.
Amount Date
Check No. Amount Date Check No. Amount
9/24
2047 000.0.
_; 857.60 -=- -9/28
2049. 443-:28-. 9/24 2051 17,997.90
9/29
2048 0060
343.80 9/29
2050 30.60
CITY OF GEM LAXE
Daily Balance Summary
Date
Balance
Date
Balance
9/08
65,770.33
9/28
46,499.55
9/24
46,942.83
9/29
46,125.15
Page: 2
Account NUmber: 6005582
Statement Date: 9/30/04
Date Balance
9/30 46,135.19