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HomeMy WebLinkAboutCity Council - 06/18/1991SPECIAL CITY COUNCIL MEETING ON CAPITAL IMPROVEMENT PROJECTS There will be a Special City Council meeting held at Tuesday. June Pg. 1126 18. 6:00 PM before the regular City Council meeting to discuss CAPITAL FACILITIES. Dinner will be served at 5:30 PM AGENDA EDEN PRAIRIE CITY COUNCIL TUESDAY, JUNE 18, 1991 COUNCILMEMBERS: CITY COUNCIL STAFF: 7:30 PM, CITY HALL COUNCIL CHAMBER 7600 Executive Drive Mayor Douglas Tenpas, Richard Anderson, Jean Harris, H. Martin Jessen, and Patricia Pidcock City Manager Carl J. Jullie, Assistant to the City Manager Craig Dawson, City Attorney Roger Pauly, Finance Director John D. Frane, Director of Planning Chris Enger, Director of Parks, Recreation & Natural Resources Robert Lambert, Director of Public Works Gene Dietz, and Recording Secretary Roberta Wick PLEDGE OF ALLEGIANCE ROLL CALL RESOLUTION NO. 91-145 COMMENDING AL LANGE FOR HIS CONTRIBUTIONS TO Pg. 112E THE EDEN PRAIRIE COMMUNITY I. APPROVAL OF AGENDA AND OTHER ITEMS OF BUSINESS MINUTES A. Workshop on Community Development meeting held Pg. 112S Tuesday. May 21. 1991 B. City Council meeting held Tuesday. May 21. 1991 Pg. 113; C. Housing & Redevelopment Authority meeting held Pg. 114 1 Tuesday, June 4, 1991 D. City Council meeting held Tuesday. June 4 1991 Pg. 114t City Council Agenda June 18, 1991 Page Two CONSENT CALENDAR A. CLERK'S LICENSE LIST B. FIELD IMPROVEMENT FUND Pg. 1165 Pg. 1166 C. POLICY FOR ALLOWING PRIVATELY SUPERVISED HORSE Pg. 1169 ACTIVITIES IN PARK PROPERTY D. ftESOLUTION NO. 91 -137, STATE GRANT -IN -AID Pg. 1173 SNOWMOBILE TRAIL E. RESOLUTION NO. 91 -144 REGARDING USE OF RECYCLED Pg. 1174 MATERIALS IN BUILDING CONSTRUCT/ON F. APPROVE SUPPLEMENT NO. 1 TO COOPERATIVE Pg. 1177 CONSTRUCTION AGREEMENT FOR T.H. 5 CONSTRUCTION BETWEEN CSAH 4 AND DELL ROAD (Resolution No. 91- 112) G. TINAL PLAT APPROVAL OF BLUFFS WEST 9TH ADDITION, Pg. 1185 (located west of Bennett Place and north Bluestem Lane (Resolution No. 91 -138) H. FINAL PLAT APPROVAL OF WELTERS PURGATORY ACRES 6TH Pg. 1188 ADDITION (located east of Homeward Hills Road and south of Sunnvbrook Road (Resolution No. 91-139) I. PFAMIT APPLICATION FOR CONNECTION or MWCC, SUNRISE Pg. 1191 CIRCLE IMPROVEMENT (Resolution No. 91-141) J. CUB FOODS by Super Valu Stores. 2nd Reading of Pg. 1192 Ordinance No. 6-91 Zoning District Change from R1- 22 and PUB to C-Reg-Ser on 9.81 acres with variances approved by the Board of Appeals; Approval of Developer's Agreement; Adoption of Resolution No. 91-143, Authorizing Summary and Ordering Publication of Ordinance; Adoption of Resolution No. 91-41, Site Plan Review on 9.81 acres; 1 lot, 1 outlot and road right-of-way for construction of a 73,000 square foot building to be known as Cub Foods. Location: Northwest corner of 78th Street and Prairie Center Drive, south of Leona Road. (Ordinance No. 6-91 - Zoning District Change; Resolution No. 91-143 - Summary and Publication; Resolution No. 91-41 - Site Plan Review) K. COOPERATIVE ASSESSMENT AGREEMENT WITH HENNEPIN Pg. -0: PARES FOR ROWLAND ROAD City Council Agenda June 18, 1991 Page Three IV. PUBLIC HEARINGS A. VACATION OF DRAINAGE AND UTILITY EASEMENTS ON LOT Pg. 1206 4. BLOCK 4. COUNTRY GLEN (Resolution No. 91-140) V. PAYMENT OF CLAIMS Pg. 1210 VI. ORDINANCES AND RESOLUTIONS VII. PETITIONS. REOUESTS AND COMMUNICATIONS A. REQUEST OF ENGINEERING DIVISION FOR AUTHORIZATION Pg. 1211 TO ACOUIRE SLOPE EASEMENTS ADJACENT TO MITCHELL RgN2 (Resolution No. 91-134) Continued from June 4, 1991 B. REQUEST FROM DARLENE MILLER TO SPEAK TO DELL ROAD EXTENSION SOUTH OF TWILIGHT TRAIL VIII. REPORTS OF ADVISORY BOARDS. COMMISSIONS & COMMITTEES A. HUMAN RIGHTS 6 SERVICES COMMISSION - presentation Pg. 1219 of Draft of "Rental Housing Code" by Subcommittee of Human Rights & Services Commission B. WASTE MANAGEMENT COMMISSION - Report on Commercial Pg. 1220 Recycling IX. APPOINTMENTS X. REPORTS OF OFFICERS A. Report of City Manager 1. Update on Firefighters Relief Association 2. Discussion on 1/2% Increase in Sales Tax 3. Schedule Workshop on Land Deyeloment Rights for City and Property Owners B. Report of Director of Parks, Recreation & Natural Resources 1. Eurasian Water Milfoil in Eden_ Prairie Lakes 2. Consumption of Alcohol in Ril ey Lake Park 3. Request from Historical & Cultural Comission to Sell Graffiti Bridge Souvenir Time Capsules at the 1991 4th of July Celebration XI. OTHER BUSINESS XII. ADJOURNMENT Pg. 1223 Pg. 1240 Pg. 1253 Pg. 1257 SPRINGSTED PUBLIC FINANCE ADVISORS 500 Elm Grove Road So,lelOI.PO Box 37 Elm Grove, WI 53122-0037 (414) 782 8222 Fax 414)7822904 2739 Sedond Avenue S E Cedar Rapids, IA 52403-1434 (319) 353-2221 Fax (319) 363-6999 85 East Seventh Place Sudo 100 Saint Paul. MN 55101-2143 (612) 223 3000 Fax (6121 223-3032 6800 College Boulevard Suite 600 Overland Park KS 66211-1533 (913) 345-8062 Fax (913)345.1770 135 North Pennsylvania Street Suite 2015 Indianapotis, IN 46204 2498 (317) 684-6000 Fax 13171684-6004 222 South Ninth Street Sutte 2825 Minneaoolts. MN 55402 3368 (612) 333-9177 Fax 16121 333 2363 June 14, 1991 Mr. Carl Jullie, City Manager Eden Prairie City Hall 7600 Executive Drive Eden Prairie, MN 55344 Re: Capital Facilities Funding Program Dear Mr. Jullie: You recently requested that we review and comment on the funding program for capital facilities now under consideration by the City. Our review has encompassed the basic assumptions, the alternative funding methods and the objectives of the funding program. One of the key objectives of the funding program is that all projects be financed within the current property tax rate for debt service, that being 3.725%. Review of Basic Model Assumptions We have reviewed the key assumptions relative to the existing funding program. We have several comments relative to these assumptions. 1. Tax Base Growth. The staff has used a very conservative escalator in the annual Increase in the tax base ceiling over the term of this program. The assumption is that the tax base would increase at approximately 1.5% per year, which is substantially below the historical rate. This adds a conservative bias to the forecast of the amount of revenues that would be available given the stipulated tax rate ceiling. 2. Interest Rate on Financing. The staff has used an interest rate of 6.5% for each of the issues for an "X-rated 20-year debt service schedule. We believe that this interest rate is lower than current rates and the current rates are presently at a low to moderate position based on historical levels. Therefore, we have increased the interest rate to reflect current market conditions for comparably rated 20-year securities. Interest rates used in this model average approximately 6.9%. 3. Miscellaneous Other Revenue Sources. City staff has examined a variety of other revenue sources which could be used to complement properly tax revenues. We have not examined the sources of these revenues other than to review the comments made •-n City of Eden Prairie, Minnesota June 14, 1991 Page 2 by the staff. As these revenue sources will be crucial in accomplishing the tax rate objectives, they should be noted throughout this analysis. Financing Options We have discussed with City staff the use of three primary financing options: pay-as-you-go funding, general obligation bonding and lease revenue bonding. Of these three options, the authorization for issuance by referendum is only required for the general obligation borrowing option. A primary concern relative to the use of lease revenue bonds is that the annual payment qualify as a special levy outside of the City's levy limitation. We have used lease revenue bonds in other jurisdictions wherein the jurisdiction's HRA or EDA issues the lease revenue bonds. As that obligation constitutes debt of another jurisdiction, and is outside of the City's levy limitation, we have advised each of our clients in using this to obtain a letter ruling from the State Department of Revenue relative to the ability to designate these lease payments as special levies. We highly recommend the City proceed with this process as well, if lease revenue financing is determined to be desirable. Financing Structures Of the variety of ways to structure individual financings, we have selected three for examination here. 1. Traditional serial bonds with level annual debt service 2. Traditional serial bonds with delayed payment of principal 3. Capital appreciation bonds (CABs) The primary objective is to fund all related payments within the available property tax rate. This results in a need to eliminate any cash deficit in the program. Because of the size and timing of the issues, significant debt service payments could be a problem in the initial years of the program if we were to proceed with a traditional even debt service serial bond issue. Therefore, we have examined alternatives to this structure in order to eliminate any potential cash deficits during the initial years of the program. In structuring these issues we have merged the estimated new debt service with the existing debt service of the City. There is a significant decline in the annual debt service for existing debt in 2002. We have attempted to accommodate this and maintain a level property tax rate for debt service. Serial bonds are traditional municipal bonds wherein bondholders receive interest payments every six months with the City making such payments on a six-month basis. Even annual debt service of serial bonds simply means that each bond issue is structured so that in each year of the program the payments are approximately equal over the term of the bonds. Statutory authority permits the delay of principal in the early years of the bond issue as an optional funding structure. This structure can reduce payments in the early years to potentially interest only with principal delayed until a later point in time. Capital appreciation bonds (CABS) are an optional financing structure. Capital appreciation bonds are similar to deep discount securities or "zeros," in that the bondholder purchases the bonds at a significant discount and receives no interest payments until the maturity of the issue. For example, a comparable security would be a U.S. government bond whereby the bondholder pays $18 in 1991 and receives $25 in the year 2000 with no interim interest payments. CABs, therefore, permit the potential of eliminating all debt service payments the City of Eden Prairie, Minnesota June 14, 1991 Page 3 Initial years of the program and then structuring those future payments around the existing debt service schedule to allow for continuity of tax rates. It should be noted that in comparing CABs with serial bonds, as principal payments are delayed, the total interest payments are increased. Results of the Analysis We have examined three financing approaches in order to eliminate annual cash deficits. 1. Capital Financing Plan I uses traditional serial bonds with level annual debt service payments. The result is a series of annual deficits beginning in 1993 and continuing to 1997. 2. Capital Financing Plan II uses traditional serial bonds with delayed principal for the first four issues; deficits again occur. 3. Capital Financing Plan Ill uses CABs on the first issue and delayed principal on the next three issues with the result being elimination of the cash deficits. We will be prepared to discuss these options at length at the upcoming workshop. Respectfully submitted, Do,ve /eacCi..a4;77A David N. MacGillivray Senior Vice President mmr — H ii?..A31:7,1AE 6:311 3 AAE- Ei A .s kk k E jpga -.4 c°4 igigfiid N..NN111.04v4 AA I ii:FIlinEIlliA1 3 1 8 g1 A EE3;2.33EVillE-FEEIA I §§§i g iggi N .1.NNeol E AiE'CiAllIEEAfigig §§ § §§§§§§§iiFISIZaEl gts' a 24;8A Ar;A13;831888 kk k kkkkkkkkkkkkkkkkk NN N a 3."32IERREF,333iii AHHAAAHAAHHE HEEEHEA:M3ifii WE AEA -dm ddd tt 8888 888 you .o requirements. Bonded Debt Projects iElii1 8 "2328°I1 2 U City of Eden Prairie, Minnesota Prepared: 08/13191 Cis— Hall Lease Revenue Bonds By SPRINGSTED Incorporated • al Appreciation Bonds Settlement 02/01/92 Price • 98.500000% First Accrue..: 02/01/93 • C 6.747003% First Maturity: 02/01/93 Maturity Dollar Original Coupon Maturity Present Date Price Principal Rate Interest Value Value 94.995 89.891 84.978 80.177 75.318 70.547 66.111 61.834 57.722 53.779 50.008 46.412 42.992 39.747 36.943 34.303 31.822 29.491 27.305 25.257 02/01/93 02/01/94 02/01/95 02/01/96 02/01/97 02/01/98 02/01/99 02/01/2000 02/01/2001 02/01/2002 02/01/2003 02/01/2004 02/01/2005 02/01/2006 02/01/2007 O '/2008 04, 1/2009 02/01/2010 02/01/2011 02/01/2012 94,995.00 89,891.00 127,467.00 120,265.50 112,977.00 211,641.00 198,333.00 185,502.00 230,888.00 215,116.00 250,040.00 232,060.00 257,952.00 238,482.00 258,601.00 240,121.00 254,576.00 235,928.00 232,092.50 214,684.50 5.200% 5.400% 5.500% 5.600% 5.750% 5.900% 6.000% 6.100% 6.200% 6.300% 6.400% 8.500% 6.600% 6.700% 6.750% 6.800% 6.850% 6.900% 6.950% 7.000% 5,005.00 10,109.00 22,533.00 29,734.50 37,023.00 88,359.00 101,667.00 114,498.00 169,112.00 184,884.00 249,960.00 267,940.00 342,048.00 361,518.00 441,399.00 459,879.00 545,424.00 564,072.00 617,907.50 635,315.50 100,000.00 100,000.00 150,000.00 150,000.00 150,000.00 300,000.00 300,000.00 300,000.00 400,000.00 400,000.00 500,000.00 500,000.00 600,000.00 600,000.00 700,000.00 700,000.00 800,000.00 800,000.00 850,000.00 850,000.00 93,579.88 87,571.56 122,923.78 115,031.87 107,846.27 201,470.06 188,535.04 176,430.48 220,137.43 206,003.90 240,972.23 225,501.03 253,227.77 236,969.73 258,714.76 242,104.44 258,926.35 242,302.44 240,917.46 225,449.78 Totals 4,001,612.50 5,248,387.50 9,250,000.00 3,944,415.86 Bond Interest • 5,248,387.50 Original Principal...: 4,001,612.50 Plus Discount 60,024.19 Less Discount 60,024.19 Net Interest Cost • 5,308,411.69 Purchase Price • 3,941,588.31 Alt Y - Calculate T.I C. on the Cabs. 2,827.55 Schedule A Schedule 8 Schedule C Schedule 0 Schedule E Schedule F Schedule 0 $4,000,000 $1,800,000 $4,500,000 $1,500,000 $2,800,000 $4,000,000 $1,000,000 Total 0/8 Year of City Hall LAB Ice Sheet 188 Park 0.0. Pk./P4 Park 0.0. Pools IRO 0.0. Fire Requiremts. Maturity P & I P 8 1 P81 0105% P81 P & 1 0105% P & I P8I 0105% All Issues 1992 1993 1994 1095 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2018 2017 0 100,000 100,000 150,000 i50,000 150,000 300,000 300,000 300,000 400,000 400,000 500,000 500,000 600,000 600,000 700,000 700,000 800,000 800,000 850,000 850,000 0 119,298 119,296 110,296 179,296 180,846 182,011 182,811 183,238 178,278 183,238 182,478 181,301 179,701 182,668 1713,903 181,743 182,838 178,178 183,100 181,900 0 0 316,070 316,070 318,070 478,820 479,718 479,823 479,114 477,570 475,171 477,145 477,1380 477,345 475,507 477,725 478,378 477,438 474,892 475,965 475,020 477,488 0 0 99,431 99,431 99,431 149,431 151,556 148,311 150,011 151,351 152,321 152,911 153,111 152,911 152,301 151,271 149,858 153,058 150,523 152,588 148,900 149,800 0 0 0 0 278,819 272,290 272,894 273,104 272,910 272,301 276,516 274,710 272,453 274,983 276,680 277,621 272,518 277,479 278,025 273,754 275,906 278,958 278,791 275,515 0 0 0 0 376,507 375,402 373,802 378,787 374,037 375,847 376,887 372,137 371,907 375,852 373,702 375,782 371,739 376,904 375,571 373,071 374,521 374,428 372,925 374,850 0 0 0 0 0 0 98,071 96,498 100,145 98,192 101,457 99,105 96,717 99,541 96,727 99,142 101,179 97,583 99,210 100,446 101,286 96,509 96,947 97,015 96,674 101,210 0 219,298 634,797 684,797 1,021,816 1,607,984 1,859,652 1,854,347 1,862,203 1,951,727 1,964,548 2,063,234 2,053,599 2,156,388 2,159,743 2,259,364 2,259,458 2,360,135 2,355,732 2,411,424 2,408,083 1,375,274 748,166 745,455 471,524 101,210 Total 9,250,000 3,441,408 9,063,207 2,868,506 5,498,235 7,402,748 1,973,652 39,587,754 City of Eden Prairie, Minnesota Prepared on 13.Jun.81 Capital Financing Plan II, Delayed Principal (.92 & '93 Issues) By SPRINOSTED Inc. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Available Existing New Debt Police/Fire Debt Proneted Revenue Debt service Improvement Total Annual Cumulative Year Bonded Debt Projects Issued Tax Capacity Capaelty(a) Servicyb) (0.0. 8 198) (PAM Outflow(c) Surplus Surplus 1991 1992 City Nall 198 Ice Sheet No.2 LRB 1993 Park AC8/04y. 0.0. Park/Pub.Wks. 198 57,200,000 2,431,000 2,131,000 2,131,000 300,000 300,000 4,000,000 58,200,000 2,453,000 1,952,000 1,952,000 501,000 801,000 1,800,000 4,500,000 60,700,000 2,548,000 1,945,000 384,341 200,000 2.529.341 16,659 817,659 1,500,000 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Total Park Acq/Dev. 0.0. Swimming Pools LRB Fire Station 0.0. 2,600,000 4,000,000 1,000,000 19,600,000 81,200,000 62,200,000 63,200,000 64,200,000 65,200,000 68,200,000 67,200,000 88,208,000 69,230,000 70,269,000 71,323,000 72,393,000 73,479,000 74,581,000 75,700,000 78,835,000 77,988,000 3,014,000 3,101,000 3,138,000 3,175,000 3,212,000 3,249,000 3,288,000 3,323,000 3,361,000 3,400,000 3,439,000 3,478,000 3,518,000 3,560,000 3,601,000 3,843,000 3,685,000 1,929,000 1,815,000 1,653,000 1,350,000 1,330,000 1,360,000 1,411,000 1,380,787 1,382,550 616,975 606,850 620,712 608,637 620,700 606,900 799,842 799,842 1,276,661 1,859,979 1,963,092 1,958,487 1,966,278 1,954,952 1,988,118 1,967,324 1,954,039 1,957,308 1,959,918 1,962,664 1,964,396 1,985,210 1,959,417 450,000 200,000 200,000 200,000 1,250,000 3,178,842 2,614,842 3,129,681 3,409,979 3,293,092 3,318,487 3,377,278 3,315,739 3,348,688 2,584,299 2,560,889 2,578,020 2,588,555 2,583,364 2,571,298 1,965,210 1,959,417 (164,842) 486,158 8,339 (234,979) (81,092) (69,487) (91,278) 7,281 12,332 815,701 878,111 899,980 849,445 978,836 1,029,704 1,677,790 1,725,583 652,817 1,138,975 1,147,314 912,335 831,243 781,756 870,478 877,739 690,071 1,505,772 2,383,683 3,283,863 4,233,308 5,209,944 6,239,848 7,917,438 9,643,021 (a) Represents revenue generated from tax rate of 3.7% applied to tax capacity Increasing approximately 1.5% each year, plus revenue from phased-out projects: 6300,000 in 1992 8 1993; 8750,000 In 1994; 8800,000 each year thereafter. (b) Current tax.supportad debt plus 8400,000 per year. (c) Represents existing debt payynts plus new bonds and pay-ss.you-go repo ***** nts. City of Eden Prairie, Minnesota Prepared June 13, 1991 $4,000,000 City Hall Lease Revenue Bonds, By SPRINGSTED Incorporated Series 1992 - Delayed Principal Dated: 2- 1-1992 SCHEDULE A-2 Mature: 2- 1 First Interest: 2- 1-1993 Total Year of Year of Principal Levy Mat. Principal Rates Interest 8 Interest (1 ) (2) (3) (4) (5) (5 ) 0 0.00% 0 0.00% 0 0.00% 140,000 5.75% 145,000 5.90% 155,000 6.00% 165,000 6.10% 175,000 6.20% 185,000 6.30% 195,000 6.40% 210,000 6.50% 220,000 6.60% 235,000 6.70% 250,000 6.75% 270,000 6.80% 290,000 6.85% 310,000 6.90% 330,000 6.95% 350,000 7.00% 375,000 7.00% 4,000,000 265,045 265,045 265,045 265,045 256,995 248,440 239,140 229,075 218,225 206,570 194,090 180,440 165,920 150,175 133,300 114,940 95,075 73,685 50,750 26,250 265,045 265,045 265,045 405,045 401,995 403,440 404,140 404,075 403,225 401,570 404,090 400,440 400,920 400,175 403,300 404,940 405,075 403,685 400,750 401,250 1991 1993 1992 1994 1993 1995 1994 1996 1995 1997 1996 1998 1997 1999 1996 2000 1999 2001 2000 2002 2001 2003 2002 2004 2003 2005 2004 2006 2005 2007 2006 2008 2007 2009 2008 2010 2009 2011 2010 2012 TOTALS: 3,643,250 7,843,250 Bond Years: 53,940.00 Annual Interest: 3,643,250 Avg. Maturity: 13.49 Plus Discount: 60,000 Avg. Annual Rate: 6.754% Net Interest: 3,703,250 T.I.C. Rate: 6.885% N.I.C. Rate: 6.865% Interest rates are estimates; changes may cause significant alterations of this schedule. The actual underwriter's discount bid may also vary. Eden Prairie, MN Financing Plan Combined Debt Service Requirements G.O. Bonds and Lease Revenue Bonds Schedule A Schedule B Schedule C Schedule D Schedule E Schedule F Schedule G $4,000,000 $1,800,000 $4,500,000 $1,500,000 $2,800,000 $4,000,000 $1,000,000 Total D/S Year of City Hall LAB Ice Sheet LAB Park G.O. Pk./PW LAB Park G.O. Pools LAB G.O. Fire Requiremts. Maturity P81 P & I P&I 005%, P8! PM 005% P81 P8I @105% All Issues 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 0 265,045 265,045 265,045 405,045 401,995 403,440 404,140 404,075 403,225 401,570 404,090 400,440 400,920 400,175 403,300 404,940 405,075 403,685 400,750 401,250 0 119,296 119,296 119,296 179,296 180,846 182,011 182,811 183,236 178,276 183,236 182,476 181,301 179,701 182,666 179,903 181,743 182,838 178,178 183,100 181,900 0 0 316,070 316,070 316,070 478,820 479,718 479,823 479,114 477,570 475,171 477,145 477,880 477,345 475,507 477,725 478,376 477,438 474,892 475,965 475,020 477,488 0 0 99,431 99,431 99,431 149,431 151,556 148,311 150,011 151,351 152,321 152,911 153.111 152,911 152,301 151,271 149,858 153,058 150,523 152,588 148,900 149,800 0 0 0 0 276,819 272,290 272,894 273,104 272,910 272,301 276,516 274,710 272,453 274,983 276,690 277,621 272,518 277,479 276,025 273,754 275,906 276,956 276,791 275,515 0 0 0 0 0 376,597 375,402 373,802 376,787 374,037 375,847 376,887 372,137 371,907 375,852 373,702 375,782 371,739 376,904 375,571 373,071 374,521 374,428 372,925 374,850 0 0 0 0 0 0 98,071 96,496 100,145 98,192 101,457 99,105 96,717 99,541 96,727 99,142 101,179 97,583 99,210 100,446 101,286 96,509 96,947 97,015 96,674 101,210 0 384,341 799,842 799,842 1,276,661 1,859,979 1,963,092 1,958,487 1,966,278 1,954,952 1,966,118 1,967,324 1,954,039 1,957,308 1,959,918 1,962,664 1,964,396 1,965,210 1,959,417 1,962,174 1,957,333 1,375,274 748,166 745,455 471,524 101,210 Total 7,643,250 3,441,406 9,063,207 2,868,506 5,498,235 7,492,748 1,973,652 37,981,004 City of Edon Prairie, Minnesota Capital Financing Plan I: Al) Issues Even Debt Service (1) (2) (3) (4) (5) Available Existing Debt Projected Revenue Debt Year Bonded Debt Projects Issued Tax Capacity Capacity(a) Service(b) Prepared on 13-Jun-91 By SP8INGSTE0 Inc. (6) (7) (S) (0) (10) Now Debt Police/Fire Service Improvement Total Annual Cumulative (0.0. & ERB) (PATO) Outflow(c) Surplus Surplus 1991 57,200,000 2,431,000 2,131,000 2,131,000 300,000 300,00C 1992 City Mall LRB 4,000,000 58,200,000 2,453,000 1,952,000 1,952,000 501,000 801,000 Ice Sheet mo.2 1.118 1,800,000 1993 Park Acq/Dev. 0.0. 4,500,000 60,700,000 2,546,000 1,945,000 536,245 200,000 2,683,245 (137,245) 663,756 Park/Pub.Wks. LAB 1,500,000 1994 1995 1996 1997 1996 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Total Park Acq/Dov. 0.0. Swimming Pools LR8 Fire Station 0.0. 2,800,000 4,000,000 1,000,000 19,600,000 61,200,000 62,200,000 63,200,000 64,200,000 65,200,000 66,200,000 67,200,000 66,206,000 69,230,000 70,269,000 71,323,000 72,393,000 73,479,000 74,561,000 75,700,000 76,636,000 77,968,000 3,014,000 3,101,000 3,138,000 3,175,000 3,212,000 3,249,000 3,286,000 3,323,000 3,381,000 3,400,000 3,439,000 3,476,000 3,516,000 3,560,000 3,601,000 3,843,000 3,665,000 1,929,000 1,615,000 1,653,000 1,350,000 1,330,000 1,360,000 1,411,000 1,360,787 1,382,550 616,975 606,850 620,712 608,637 620,700 606,900 1,110,482 1,112,938 1,385,677 1,756,973 1,857,187 1,660,022 1,854,744 1,856,826 1,865,554 1,659,433 1,849,783 1,656,737 1,858,090 1,854,698 1,861,270 1,851,710 1,856,680 450,000 200,000 200,000 200,000 1,250,000 3,489,482 2,927,938 3,238,677 3,308,973 3,167,167 3,220,022 3,265,744 3,217,813 3,248,104 2,476,406 2,456,633 2,477,449 2,466,727 2,475,398 2,468,170 1,851,710 1,856,860 (475,482) 173,062 (100,677) (131,973) 24,813 28,978 20,256 105,387 112,896 923,592 982,367 1,000,551 1,051,273 1,084,602 1,132,830 1,791,290 1,828,120 186,273 361,335 260,656 128,685 153,498 182,476 202,732 308,119 421,015 1,344,607 2,328,974 3,327,525 4,378,798 5,463,400 6,596,230 8,387,520 10,215,640 (a) Represents revenue generated from tax rate of 3.7% applied to tax capacity increasing approximately 1.5% each year, plus revenue from phased-out project*: $300,000 In 1092 & 1993; $750,000 lx 1994; $800,000 each year thsrsaftsr. (8) Current tax-supported debt plus $400,000 fmr year. (c) Represents existing debt payments plus now bonds end pay-es.you.go requirements. City of Eden Prairie, Minnesota Prepared June 11, 1991 $4,000,000 City Hall Lease Revenue Bonds, By SPRINGSTED Incorporated $eries 1992 Dated: 2- 1-1992 SCHEDULE A M .' 're: 2- 1 - F t Interest: 2- 1-1993 Total Year of Year of Principal Levy Mat. Principal Rates Interest & Interest (1 ) (2) (3) (4) (5 ) (6) 110,000 115,000 120,000 125,000 135,000 140,000 150,000 160,000 170,000 180,000 190,000 205,000 215,000 230,000 245,000 265,000 280,000 300,000 320,000 345,000 4,000,000 5.20% 260,846 5.40% 255,126 5.60% 248,916 5.75% 242,196 5.90% 235,008 6.00% 227,043 6.10% 218,643 6.20% 209,493 6.30% 199,573 6.40% 188,863 6.50% 177,343 6.60% 164,993 6.70% 151,463 6.75% 137,058 6.80% 121,533 6.85% 104,873 6.90% 86,720 6.95% 67,400 7.00% 46,550 7.00% 24,150 Annual Interest: Plus Discount: Net Interest: N.I.C. Rate: 370,846 370,126 368,916 367,196 370,008 367,043 368,643 369,493 369,573 368,863 367,343 369,993 366,463 367,058 366,533 369,873 366,720 367,400 366,550 369,150 3,367,790 60,000 3,427,790 6.856% 1991 1993 1992 1994 1993 1995 1994 1996 1995 1997 1996 1998 1997 1999 1998 2000 1999 2001 2000 2002 2001 2003 2002 2004 2003 2005 2004 2006 2005 2007 2006 2008 2007 2009 2008 2010 2009 2011 110 2012 TOTALS: Bond Years: 49,995.00 Avg. Maturity: 12.50 Avg. Annual Rate: 6.736% T.I.C. Rate: 6.871% 3,367,790 7,367,790 Interest rates are estimates; changes may cause significant alterations of this schedule. The actual underwriter's discount bid may also vary. a 8 es9'oot'te ise'cie' i art'un'L I I'V.22163',11:33gtgg'g'.2"""r8 -....-osse,ss2§E?8§.1,1,E1F,1 s?pstrpstypsys:Issity!... -0 0 0 -N -41. 0. -re -• -a• ca -0 -0 -0 -4 0 SgWaSSNet'S &;;&;;SIES0 Y.0-4YYngY12.'41gtlYttgfiitc4 giEll;s r § 6o060-00 Ytt-tt' egtig gt O 0sassIst.s,d,s,s,sszt—go0 P0 P0 P0 N N hi P0 N P0 IN IN IN P0 N P0 N P0 N P0 N. 43 41 41 4a 43 (.0 43 43 0 LI 43 43 41 43 0 43 to N •a; 0 <A N 04 0 • m ca SnAEZZIZIggMga:tag:tS - s'StSSE:SStESSSSSeSSSS 0:V,..40S4004.440t,t.,'-r.,0(T,SO48:1000000 MEMORANDUM TO: Mayor and City Council THROUGH: Carl Jullie, City Manager FROM: Bob Lambert, Director of Parks, Recreation and Natural Resources 4 1AW DATE: June 14, 1991 SUBJECT: Second Ice Surface At the June 4th meeting the City Council requested staff to provide some additional information at a special Council meeting scheduled for June 18th. The Council requested information on income generated from the existing rink for 1990. Attached to this memo is a June 12th memo from Dave Black providing the revenue generated at the Community Center ice arena in 1990, totalling $208,063.31. The $152,412 was for ice rental at $80 per hour to local groups and significantly less to the school district and the North Stars for non-prime time ice (during the school day during the school year). The City received no income from any hockey schools during the summer of 1990. Total revenue from the Community Center for 1990 was $451,561.09. The Council also requested staff to begin negotiations with the North Stars to determine the actual cost to buy out the lease agreement for the locker and storage spaces within the North Star addition. Although the City has contacted the North Stars, as of this date, we do not have any additional information regarding buy out costs. Staff will report at the June 18th meeting if any additional information is available on this item. The final request of Council was to have staff meet with our financial consultants to review the proposed revenue projections and report to the Council on the different options to finance this facility. City staff met with Dave MacGillivray to review this proposal as well as other financial commitments the City has over the next ten-year period. Mr. MacGillivray will report to the Council on a long-range financing plan for the City, including options the City has for financing a second ice rink. 2ndice/bob MEMORANDUM TO: Bob Lambert, Director of Park, Recreation & Nat u r a l Resources FROM: Dave Black, Community Center Operation Supervisor DATE: June 12, 1991 SUBJECT: Revenue Generated at Community Center Ic e A r e n a 1 9 9 0 Open Skating Programs Skating Lessons Ice Rentals Skate Rental/Skate Sharpening & Pro Shop Sales Miscellaneous Ice $ 13868.00 35283.60 152412.48 2871.40 3627.83 $208063.31 TOTAL Skating Lessons - includes Ice Show revenues (gat e r e c e i p t s a n d registrations) and 5 seasonal program registrations for lessons (winter 1991 was preregistered and included in 1990 revenue). Miscellaneous Ice - includes revenue from High S c h o o l H o c k e y games gate receipts (at 50%). CITY OF EDEN PRAIRIE HENNEPIN COUNTY, MINNESOTA RESOLUTION 91-145 A RESOLUTION COMMENDING AL LANGE FOR HIS CONTRIBUTIONS TO THE EDEN PRAIRIE COMMUNITY WHEREAS, the City of Eden Prairie wishes to give special recognition to those persons who have contributed greatly to the vitality and quality of Eden Prairie: and WHEREAS, Al Lange has been one of the most energetic persons in Eden Prairie for a seemingly countless number of years; and 'WHEREAS, Al Lange has been active in civic organizations, including: • Member - Flying Cloud Airport Advisory Commission • Member - Landfill Advisory Committee • Member • Eden Prairie Chamber of Commerce Transportation Committee • Teacher - Eden Prairie High School and, WHEREAS, Al Lange has served the aviation industry well as: and, • Executive Director - • Member - • Member - Minnesota Aviation Trades Association National Committee of the National Air Transportation Association Minnesota Business Aircraft Association WHEREAS, Al Lange has served the community as an economic development ambassador, showcasing the Flying Cloud Airport as a vital asset for Eden Prairie, businesses and the Metropolitan Airport System; and WHEREAS, Al Lange is leaving the Flying Cloud business community after a number of years with FTC and, more recently, as vice president and general manager of Elliott Flying Service since 1978. NOW, THEREFORE, BE IT RESOLVED that the City of Eden Prairie commend: AL LANGE for his many years of exemplary and professional service to the Eden Prairie community and for his contributions to its unique qualities; and BE IT FURTHER RESOLVED that the City extend its best wishes to Al Lange as he takes off for the next phase of his career. ADOPTED by the City Council of the City of Eden Prairie thi,18th day of June, 1991. Douglas B. Tenpas, Mayor ATTFST: John D. Franc, Clerk EDEN PRAIRIE CITY COUNCIL WORKSHOP ON COMMUNITY DEVELOPMENT Tuesday, May 21, 1991 COUNCILMEN1BERS PRESENT: CITY COUNCIL STAFF: ROLL CALL: 6:00 PM, City Hall Council Chamber Mayor Douglas Tenpas, Richard Anderson, Jean Harris, H. Martin Jessen, and Patricia Pidcock City Manager Carl J. Jullie, Assistant to the City Manager Craig Dawson, Finance Director John D. Frane, Director of Planning Chris Enger, Director of Parks, Recreation & Natural Resources Robert Lambert, Director of Public Works Gene Dietz, and Recording Secretary Roberta Wick All Members Present Jullie stated the purpose of the meeting was to review community development issues in four areas: (1) "Hometown Downtown", (2) Development review and approval process; (3) Supporting and encouraging development; (4) Southwest Eden Prairie development. John Hutchinson, Marge Frederichs and Neal Burton, members of the Economic Growth and Development Commission of the Eden Prairie Chamber of Commerce were present. Also present were Walter Carpenter, John Teman, Ken Teman, Dick Feerick, and Bob Worthington representing Opus Development Corporation. HOMETOWN DOWNTOWN Enger reviewed the history and current developments in the proposed Downtown area of the City. He said that property owners in the development area had met on May 15 to discuss possible use of the land, and a development proposal had been received from The Robert Larsen Partners for an approximate 200,000 sq. ft. power mall on the Bermel property. This proposal would be reviewed at the Planning Commission meeting of June 10, 1991. Larsen was interested in a straight rezoning proposal. McLaughlin Companies of Toronto Ontario was also interested in a long-term development of the property in the Major Center Area. Enger said there were also several other developers interested in the western portion of the Major Center Area. John Teman said he was anxious to sell his property at a fair price. - Dick Feerick encouraged the City to concentrate its resources in the Major Center Area. He said he believed that a public/private partnership would be very difficult but that he believed it could be done. He suggested that Council contact Wal-Mart to determine what interest they had in the property. Eden Prairie City Council 2 May 21, 1991 Workshop on Community Development Unapproved Jessen said he believed the Larsen Partners proposal needed to be reviewed. Ile said he believed the Wal-Mart development would also be acceptable in this area. He suggested pursuing all options in order to get as creative a design as possible. He said he believed City should be willing to reallocate the tax increment financing funds, and investigate the possibility of using HRA authority in order to assemble the land next to Highway 169. He believed this to be the preferable location as commercial areas could be clustered next to Highway 169 in several locations; he said he also believed the City could use City Hall as leverage to influence immediate land use. He also said he would favor creating incentives for developers. He encouraged Council to act quickly in the creation of a downtown area. Harris and Pidcock were in agreement with Jessen's comments. Anderson said he agreed also but would caution Council not to put public funds into a development that would not be a good investment for the City. Teman said that in today's market, any commercial development would need an anchor tenant, and that he believed a development such as Galleria in Edina was not possible for the Eden Prairie market at this time. Harris said she was more concerned about a good design than whether or not it was a power center. Harris encouraged Council to make a decision within 30 days. Tenpas encouraged an early decision in order not to handicap individual landowners who were anxious to sell the property. He said he was not entirely comfortable getting involved in the private sector with public money. Pidcock also encouraged development of the property, not because the properties were in distress, but because it was the right time and the right place and it suited the City. Anderson said he believed the City should become pro-active in the planning process rather than allowing the developers to make the decisions. Tenpas said he believed it would be necessary for the City to invest some money in order not to handicap the developers by requiring a particular design or plan. He also asked if 30-days was a reasonable time to put a project together. Enger said if a developer was willing to work with the City, an urban design professional could be hired to work with the developer on the design characteristics of buildings in the area. The time involved would depend upon the willingness of the landowners to sell their properties, and the desire of the developer to pursue a dual track with the City with modification of design, floor area ratio, or other features the City might require. After further discussion, Jessen suggested that Anderson and he return to the discussions with the landowners to review options, while at the same time, allowing the Wal-Mart proposal to proceed through the normal review process. He said that by doing this, it could be determined in 30 or 60 days whether there was a willingness to work together on the part of the landowners. If it was determined there was not a willingness to work together, then the City Eden Prairie City Council 3 May 21, 1991 Workshop on Community Development Unapproved would allow the developers to determine what would be done with the available land. Tenpas said he would favor Anderson and Jessen meeting with the landowners again. MOTION Pidcock moved that Anderson and Jessen hold discussions with the landowners and report back to Council. Included in the discussions should be the issue of what could be done with the floodplain land and determining whether the property owners would be willing to dedicate it to the City. Seconded by Harris. Motion approved 5-0. DEVELOPMENT REVIEW AND APPROVAL PROCESS Jullie called Council attention to the information in the packet which listed what the City was able to do to encourage development in the City, such as financial incentives and working with various agencies involved. He said that a possibility would be to consider forming an economic development function as some cities in the area had done. He said there had been about $20 million of development through April 1991, compared to $24 million through April 1990. Enger reviewed the critical path tracing program for development that the Planning Department had begun to use with developers to make the details of the process clearer to everyone involved. SUPPORTING AND ENCOURAGING DEVELOPMENT Tenpas requested that the representatives from the Chamber of Commerce return to the Council at another time to discuss this item. SOUTHWEST EDEN PRAIRIE DEVELOPMENT Dietz said the schedule was not moving as fast as originally anticipated. Schroers had requested that the project be delayed until 1992, and the owners of the Jacques property had stated that they did not want the project this year. In addition, an EAW had been submitted to the Environmental Quality Board for review. The plan at the present time was to proceed with the final design of Dell Road adjacent to the Schroers property. He said he expected construction to begin in spring, 1992 rather than fall, 1991, in order to negotiate the easements needed on the Schroers property. Meeting was adjourned at 7:20 PM. /6 / TIME: LOCATION: COUNCILMEMBERS: EDEN PRAIRIE CITY COUNCIL UNAPPROVED MINUTES 7:30 PM Tuesday, May 21, 1991 City Hall Council Chambers, 7600 Executive Drive Mayor Douglas Tenpas, Richard Anderson, Jean Harris, H. Martin Jessen and Patricia Pidcock CITY COUNCIL STAFF: City Manager, Carl J. Jullie, Assistant to the City Manager Craig Dawson, City Attorney Roger Pauly, Finance Director John D. Frane, Director of Planning Chris Enger, Director of Parks, Recreation & Natural Resources Robert Lambert, Director of Public Works Gene Dietz, and Recording Secretary Roberta Wick PLEDGE OF ALLEGIANCE ROLL CALL All Councilmembers present. PRESENTATION OF AN AWARD OF MERIT FOR DR. JOHN WRIGHT. D.V.M. Mayor Tenpas presented Dr. John Wright, D.V.M., with an Award of Merit for his services to the Eden Prairie Police Canine Unit. Since 1981 he had provided veterinary services free of charge to the Police Department's dogs and thereby had contributed greatly to the efficiency and effectiveness of the City's Police Force. PRESENTATION OF COMMENDATION TO KRISTY L. LAUER Mayor Tenpas presented a commendation to Kristy L. Lauer for her participation in the arrest of a person suspected of credit card fraud, thereby preventing the suspect from victimizing more businesses in the City. RECEIVE GOVERNOR'S SAFETY AWARD FOR THE HIGHEST QUALITY SAFETY PROGRAM Kevin Schmie§ Director of Inspections, Safety, and Facilities, accepted the Governor's Award for Outstanding Achievement in Occupational Safety. The City's safety program, instituted in 1988, had reduced lost time injury hours from 2,976 in 1987 to 112 in 1990. This improved safety record had resulted in improved employee morale and a $151,000 refund from the City's insurance carrier. PRESENTATION OF KEY TO CITY FOR SHARI GRAHAM FOR POSSIBLE SISTER CITY PROGRAM WITH CHINA Mayor Tenpas gave Shari Graham of the Eden Prairie Chamber of Commerce a key to the City to be presented to a possible sister city in China where she will be teaching and lecturing for three months. //3a Eden Prairie May 21, 1991 City Council Minutes Unapproved I. APPROVAL OF AGENDA AND OTHER ITEMS OF BUSINESS MOTION Pidcock moved, seconded by Anderson, to approve the agenda. Pidcock requested the addition of the following items under X.A. Reports of Councilmembers: (1) F-16 Flyover, Saturday May 25, 1991; (2) Trail around Red Rock Lake; (3) Erosion on Bluffs area; (4) Sister City Program; (5) Cutting weeds and grooming roadway medians; (6) Congratulations to staff for safety program. Harris requested the addition of Item X.A.7, Amendment of By-Laws of Eden Prairie Foundation. Jessen requested the addition of Item X.A.8, Roadside Dumping. Tenpas requested the addition of two items under X.A., Reports of Council Members: (9) Update on Leona Road/Highway 169 traffic signals; and (10) Building owned by Ron Krueger. Jullie requested that Items III.A. and III.B. be removed from the Consent Calendar. Jullie also requested the addition of Item X.E. 2. Report of Director of Public Works, Award of Bid for a 600-Gallon Bituminous Oil Distributor. MOTION Motion to approve the agenda as amended approved 5-0. II. MINUTES A. Board of Review Meeting held Thursday. April 18, 1991 MOTION Pidcock moved, seconded by Anderson to approve the minutes of the Board of Review Meeting held Thursday, April 18, 1991. Motion approved 5-0. B. SPecial City Council Meeting held Tuesday. April 23. 1991 Piocock moved, seconded by Anderson, to approve the minutes of the Special City Council Meeting held Tuesday, April 23, 1991. Motion approved 5-0. Eden Prairie 3 May 21, 1991 City Council Minutes Unapproved C. City Council Meeting_nelc T uesday. Ma,y 7 1991 MOTION Pidcock moved, seconded by Anderson, to approve the Minutes of the City Council Meeting held Tuesday, May 7, 1991. Motion approved 5-0 Ill. CONSENT CALENDAR A. EATON INDUSTRIAL ADDITION by The Eaton Corporation. Approval of Developer's Agreement. Location: 15151 Highway *5 (Item removed from the Consent Calendar at request of City Manager) B. FINAL PLAT APPROVAL OF EATON INDUSTRIAL ADDITION - located South of T.H. 5 and North of Technology Drive (Resolution No. 91- 111) (Item removed from Consent Calendar at request of City Manager) C. MINNESOTA HOUSING FINANCE AGENCY'S (MHFA) MINNESOTA CITY PARTICIPATION PROGRAM (MCCP) by the City of Eden Prairie. Adoption of Resolution No. 91-121, Authorizing the City of Eden Prairie's participation in the Minnesota Housing Finance Agency's Minnesota Cities Participation Program (Resolution 91-121 - Authorize Participation) D. CLERK'S LICENSE LIST E. CENTER CARE PROGRAM F. FINAL PLAT APPROVAL OF COFFMAN WOODS - located east of Duck Lake Road and south of W. 62nd Street (Resolution No. 91-122) G. FINAL PLAT APPROVAL OF MINNESOTA VIKINGS - located at the N.W. Corner of Washington Avenue and Viking Drive (Resolution No. 91- 123) H. APPROVE PLANS AND SPECIFICATIONS FOR STARING LAKE/RIDGE ROAD UTILITY AND STREET IMPROVEMENT. LC. 52-203 (Resolution No. 91- 124) I. APPROVE PLANS AND SPECIFICATIONS FOR SUNRISE CIRCLE UTILITY AND STREET IMPROVEMENTS, LC. 52-205 (Resolution No. 91-125) J. APPROVE SPECIAL ASSESSMENT AGREEMENT WITH EDWIN AND DOROTHY SISAM„PROPERTY OWNERS OF LOT 5, BLOCK 3, CREEK KNOLLS, FOR SANITARY SEWER IMPROVEMENTS ON WILD DUCK PASS Eden Prairie 4 May 21, 1991 City Council Minutes Unapproved K. RESOLUTION NO. 91-126 AMENDING THE SUPPLEMENTAL TRUST INDENTURE FOR THE STERLING PONDS MULTI-FAMILY HOUSING PROJECT (PRAIRIE VILLAGE APARTMENTS) TO ALLOW INVESTMENTS OF BOND FUNDS WITH THE APPROVAL OF 50/4 OF THE BONDHOLDERS L. APPROVAL OF CITY'S INSURANCE FOR THE PERIOD JUNE 1. 1991 - JUNE 1, 1992 M. APPROVAL OF EXTENSION OF LEASE FOR PRESERVE CENTER LIQ OR STORE MOTION Anderson moved, seconded by Jessen, to approve the Consent Calendar as amended. Motion approved 5-0. IV. PUBLIC HEARINGS A. HIWAY 494 RACQUET CLUB by Northwest Racquet Swim and Health Club. Request for Zoning District Change from Rural to C-Corn on 2.7 acres, Site Plan Review and Adoption of Resolution No. 91-81, Preliminary Plat of 19.53 acres into 1 lot and 3 outlots for construction of a parking lot and tennis court structures on the south side of the property to be known as Hiway 494/Crosstown Racquet Swim and Health Club. Location: East of Baker Road, north of Holasek Lane (Ordinance No. 12-91 - Zoning District Change; Resolution No. 91-81 - Preliminary Plat) Jullie said that notice for the public hearing was properly published in the Eden Prairie News and mailed to surrounding property owners. Alan Kimpell, representing KMR Architects, architect for Northwest Racquet Swim and Health Club, presented a plan for development of 360 extra parking stalls for the Club, development of one contiguous property for the Club, and dedication of the property south of the Club and south of the water tower to the City. Four outdoor tennis courts would also be developed in lieu of a cash park fee donation. Enger said the Planning Commission had recommended approval of the project at its April 8, 1991 meeting, subject to the recommendations in the staff report. Enger said that the original plan had been for a parking ramp to the north rather than at-grade parking. Since that time, the Club had been able to acquire more land to the south. It had agreed to build and donate tennis courts to the City, thus providing a buffer between the Club and the residential area. For these reasons, the Planning Commission Eden Prairie 5 May 21, 1991 City Council Minutes Unapproved believed this to be a better plan than the original one. Also, with the present plan, the traffic would be distributed between two major entrances rather than one, which the Planning Commission believed to be an improvement. There were no comments from the audience. MOTION Pidcock moved to close the public hearing and approve first reading of Ordinance No. 12-91 for Zoning District Change, Adopt Resolution No. 91-81 for the Preliminary Plat, and direct staff to prepare a development agreement incorporating Commission and staff recommendations. Seconded by Jessen. Motion approved 5-0. B. ANAGRAM INTERNATIONAL by Ryan Construction Company. Adoption of Resolution No. 91-100, Planned Unit Development Concept Amendment and Planned Unit Development District Review with waivers on 15.67 acres; Zoning District Amendment within the 1-2 Zoning District on 15.67 acres, Site Plan Review and Adoption of Resolution No. 91-102, Preliminary Plat of 15.67 acres into 4 lots for construction of a 199,210 square foot office/warehouse building in three phases to be know as Anagram International, Inc. Location: southeast corner of Valley View Road and Executive Drive. (Ordinance No. 13-91-PUD-5-91 - Zoning District Amendment; Resolution No. 91- 100 - PUB Concept Amendment; Resolution No. 91-102 - Preliminary Plat) Kent Carlson, representing Ryan Construction Company, presented the details of the project on behalf of Anagram International. He said Phase I of the project would be 115,000 square feet in a two- story building, with plans for expansion in five to seven years. He explained the details of the project by the use of maps and drawings. Enger said the Planning Commission reviewed the project at its May 13, 1991 meeting and unanimously recommended approval subject to staff report recommendations. Lambert said the Parks, Recreation, and Natural Resources Commission recommended approval of the project at its May 20, 1991 meeting. However, it recommended that a sidewalk system which would extend around the entire block on the inside of Equitable Drive be considered so persons would be able to walk around the entire block without crossing a street. Eden Prairie 6 May 21, 1991 City Council Minutes Unapproved After discussion, it was determined that the proponent should decide whether or not it would install the recommended sidewalk. There were no comments from the audience. MOTION Jessen moved to close the public hearing, approve first reading of Ordinance No. 13-91-PUD-5-9I, Adopt Resolution No. 90-100 PUD Concept Amendment, Adopt Resolution No. 90-102 to approve the Preliminary Plat, direct staff to prepare the development agreement, and resolve the issue of the sidewalk before second reading. Seconded by Harris. Motion approved 5-0. V. PAYMENT OF CLAIMS MOTION Pidcock moved, seconded by Harris, to approve payment of claims. Payment of claims approved with Anderson, Harris, Pidcock, Jessen, and Tenpas all voting "AYE". VI. ORDINANCES AND RESOLUTIONS VII. PETITIONS, REQUESTS & COMMUNICATIONS VIII. REPORTS OF ADVISORY BOARDS, COMMISSIONS, & COMMITTEES IX. APPOINTMENTS 161 Eden Prairie 7 May 21, 1991 City Council Minutes Unapproved X. REPORTS OF OFFICERS A. Reports of Councilmembers 1. F-16 Fly-over Pidcock said that a request had been received for Council approval for fly-over of F-16's between 1:00 and 1:10 PM on Saturday, May 25, 1991. It was the consensus of the Council that this be allowed for the date and time specified. 2. Trail around Red Rock Lake Pidcock said that she believed this trail was in poor repair and was dangerous and requested staff to investigate the situation. 3. Frosion on Bluffs Area Pidcock said that the erosion in the area on the east side near Winter Place had become worse, and believed that the City should take action to prevent further erosion. Staff will assess the situation and report to Council at the next meeting. Gray said the City had been working with the Watershed District on erosion control, and that the Watershed District had indicated it would consider including funds for erosion control in its budget. 4. Sister City Program Pidcock inquired as to what information had been received for the Sister City Program. She said she would like to begin the program as soon as possible. 5. Cutting_yeeds and Grooming along Roadways Pidcock said she had received several complaints that the City was not cutting weeds and properly grooming along roadways and medians. Gray said grass cutting and spraying for weeds in the medians had been scheduled in the Major Center Area. He also pointed out that in areas where cutting of grass and weeds was the County's responsibility such as Valley View Road, State law prohibited cutting areas before a date in June because the areas were habitat areas for birds and wildlife. W51 Eden Prairie 8 May 21, 1991 City Council Minutes Unapproved 6. Congratulating Staff for Safety Program Pidcock said she wanted the Council to go on record as congratulating staff for its excellent safety record. All Councilmembers agreed. 7. Eden Prairie Foundation Board of Directors Harris said the Eden Prairie Foundation had three requests to amend bylaws for Council approval: (1) To expand the number of directors from 11 to 13 to include the existing chair of the Foundation Ball as a voting member, and the immediate past-chair of the Foundation Ball in an ex-officio capacity. (2) To clarify the term of office of directors. The new language would make persons eligible to serve no more than two consecutive whole or partial terms as a director. (3) Establish a nominating committee to be designated 90 days prior to each annual meeting of the Corporation. MOTION Harris moved that these three items be approved by Council. Seconded by Jessen. Motion approved 5-0. 8. Roadside Dumping Jessen said that the area near Riverview Road had one or two loads of brick rubble, paint cans and other construction debris that had been dumped in the area along the roadway. He noted an increasing amount of yard waste and brush showing up on public land. Anderson added that this had become a problem throughout the state with the greater restrictions and higher costs for garbage pick-up. Dawson said the Council had determined previously not to be involved in processing yard wastes and brush, but that the Waste Management Commission could be requested to review it again. 9. Update on Leona Road Tenpas requested an update on the traffic signal at Leona Road. Jullie pointed out that there was an item on the agenda to authorize a study for Highway 169 signalization which would address this subject. lecf Eden Prairie 9 May 21, 1991 City Council Minutes Unapproved 10. Building owned by Ron Krueger Tenpas said he had received a call from First Wisconsin Bank in Milwaukee regarding this property. Because the building was scheduled to be torn down, the property owner not could sell the property or rent the building. The property owner was also behind on his taxes. First Wisconsin had asked if the City had a policy to establish a fair market value for tax purposes on a property that was scheduled for condemnation. Jullie said there was no hardship provision for commercial property. Jullie also said there was a possibility the State would purchase the property in 1991. It was the consensus of the Council that staff investigate the situation and return to Council with a plan for this and similar situations. B. Report of City Manager 1. Set Date for Stage I Session of Quality Management Program Jullie requested that Council set a date for the Stage I Session of the Quality Management Program involving Dr. Michael Tveity who will be working with Council and department heads in a strategy planning session. It was decided to set June 24, 1991 at 600 PM to meet with Dr. Tveity. It was also decided to move the study session originally scheduled for June 25 to a later date and to invite the Chamber of Commerce and the Eden Prairie School Board. C. Report of Finance Director 1. Recommendations regarding Liquor Operations (continued from May 7, 1991) Frane reported that the consultants continued to recommend purchasing a store in the Prairieview Center. Anderson said he would favor accepting the recommendation of the consultants and he believed that it was less costly to own rather than lease in the long run. Jullie said it would be necessary for staff to negotiate the purchase of a site, report to Council what the cost would be, and develop a plan to finance the purchase. Jessen said he was not persuaded that the correct decision was to purchase the site. He would favor renting a site. 010 Eden Prairie 10 May 21, 1991 City Council Minutes Unapproved Pidcock said she was not comfortable with purchasing a site and would favor waiting to see if there would be a spot in the Major Center Area that would be more appropriate. Tenpas said he did not believe the consultants had done a good job with the study because an analysis of the Cub Store area had not been included. Also the study had not taken into consideration the traffic shift that would take place in the Major Center Area in the next two-and-one-half years because of road construction. He also said that there may be legislative changes in the coming years that would change where liquor could be purchased; for example, in grocery stores. Because of these factors, he said he would prefer to remain flexible and lease a store in the Prairieview Center. Harris said she would not be adverse to owning a store because it could be sold if necessary. However, she said she was not sure purchase at this time was a good use of City funds. After further discussion it was the consensus of the Council to direct staff to compare costs for leasing and costs for purchasing a store in the Prairieview Center area and report the findings to Council for review. 2. 1st Quarter Budget Report (continued from May 7, 1991) Tenpas said he would like to see last year compared to the current year. Frane said this could be done easily in 1992, but it would be time-consuming to make a 1990-91 comparison. Council agreed that this comparative information could be included in the 1992 reports rather than trying to include the figures for 1990 at this time. D. Report of Director of Parks, Recreation & Natural Resources 1. Proposal for Repair of the an on the Riley/Jacques Homestead Lambert explained the repairs that were needed to the barn on the Riley/Jacques Homestead and that the repairs could be paid for by cash park fees. MOTION Pidcock moved, seconded by Harris, to repair the barn on this property. Anderson asked if there was a use for the barn. Lambert said that the Historical Preservation Commission would like to use it to store items that it had been collecting. He said a security system would be installed. Eden Prairie 11 May 21, 1991 City Council Minutes Unapproved Tenpas requested that a letter be sent to Elaine Jacques thanking her for her participation in the restoration of this building, and also asking her if the original land deed signed by President Ulysses S. Grant could be preserved and displayed in the barn. Motion approved 5-0. E. Report of Director of Public Works 1. Authorize Traffic Study for T,H, 169 Signaiization Gray said the City was awaiting MnDOT's finalization of traffic counts on the Highway 169 intersections at West 78th Street and Leona Road. Gray also called Council attention to the proposal from Benshoof & Associates, Inc. to provide traffic engineering assistance at the intersections of T.H. 169 with Leona Road and West 78th Street. MOTION Harris moved, seconded by Jessen, to authorize Benshoof & Associates, Inc. to proceed with the traffic study as outlined in its letter of May 21, 1991. Motion approved 5-0. 2. 600-Gallon Bituminous Oil Distributor Bid I.C. 52-231 Grey said the City received bids on Monday, May 20, 1991, for a 600-Gallon Bituminous Oil Distributor. He said that MacQueen Equipment had presented a bid of $18,632, but the equipment did not meet the City's specifications. MacQueen Equipment had stated that it would be necessary to add another $2,900 to the bid if it were to meet the City's specifications. The low bidder, based on the specifications which included a 20-hp diesel engine to run the distributor, is Ruffridge-Johnson for $19,436. Tenpas asked if MacQueen Equipment had been aware of the specifications when it presented the bid. Gray said that the bid of $18,632 was based on equipment which had a 10-hp motor, not the 20-hp motor as specified. Gray said that either of the two companies could have met the 20-hp specification. Pauly suggested that the motion include that it was the finding of the Council that the bid from MacQueen Equipment did not meet the specifications and therefore was rejected. Eden Prairie 12 May 21, 1991 City Council Minutes Unapproved MOTION Jessen moved, seconded by Anderson, to reject the bid of $18,632 from MacQueen Equipment because it did not meet the City's specifications, and accept the bid from Ruffridge-Johnson in the amount of $19,436 to provide a 600-Gallon Bituminous Oil Distributor. Motion approved 5-0. XI. OTHER 131JSINES Harris asked Gray if Council action was required on the memo relating to water quality in the staff recommendation because the recommendation was to proceed with the NURP standards to evaluate development in Southwest Eden Prairie. Gray said Council action was not required at this time, but as projects were reviewed, the City could consider recommending that water quality features be added to the design features of the storm sewer systems. These issues would be worked out with developers and would be brought to Council only if there was a conflict or disagreement on the water quality issues. Anderson said he wished to thank the staff and the Historical Commission for the Graffiti Bridge Sunday Celebration held on May 19, 1991. He said the effort was well-received and enjoyed by all residents of the community. Council concurred. XII. ADJOURNMENT MOTION Jessen moved, seconded by Pidcock, to adjourn at 9:25 PM. Motion approved 5-0.