HomeMy WebLinkAbout_08 02 2021 City Council Agenda Packet City of Prior Lake 2022 Council Workshop 8/2/2021
2022 Budget Attachment 1
Budgeted Funds Preliminary
Debt Capital Revolving Revolving Park Permanent Facilities Total Total
General Service Cable Park Equipment Equipment Improvement Management EDA Governmental Water Sewer Water Quality Enterprise Budgeted
Fund Funds Fund Fund Fund Fund Revolving Fund Fund Funds Fund Fund Fund Funds Funds
Revenues / Sources
Property Taxes
Levy - Tax Capacity 10,003,394$ 3,455,529$ -$ -$ 700,000$ 405,000$ -$ 105,000$ 360,000$ 15,028,923$ -$ -$ -$ -$ 15,028,923$
Levy - Market Value 223,838 - - - - - - 223,838 - - - - 223,838
MVHC Aid - - - - - - - - - - - - -
Special Assessments - 457,042 - - - 150,731 - - 607,773 - - - - 607,773
Licenses & Permits 897,323 - - - - - - 897,323 - - - - 897,323
Fines & Forfeits - - - - - - - - - - - - -
Intergovernmental 2,539,881 - - - - 200,000 - 2,739,881 - - - - 2,739,881
Charges for Services 2,022,200 - 23,800 562,500 - 1,050,000 - 24,360 3,682,860 4,787,099 5,176,621 1,197,920 11,161,640 14,844,500
Other Revenues 257,200 38,162 - 46,000 6,800 13,800 5,700 6,300 5,400 379,362 67,400 31,200 22,800 121,400 500,762
Bond Proceeds - - - - - - - - - - .- -
Lease Proceeds - - - - - - - - - - - - - - -
Transfers From Other Funds
General Fund - 223,838 - - - - - - - 223,838 - - - - 223,838
Debt Service Funds - 233,000 - - - - - - - 233,000 - - - - 233,000
Water Fund 218,000 577,675 - - 108,750 - - 8,000 - 912,425 - - - - 912,425
Sewer Fund 218,000 - - - 108,750 - - 8,000 - 334,750 - - - - 334,750
Water Quality Fund 110,000 - - - - - - 8,600 - 118,600 - - - - 118,600
Trunk Reserve Fund - - - - - - - - - - - - - - -
TIF Fund - 25,500 - - - - - - - 25,500 - - - - 25,500
PIR Fund - 282,751 - - - - - - - 282,751 - - - - 282,751
Facilities Management Fund - - - - - - - - - - - - - - -
Capital Park Fund - - - - - - - - - - - - - - -
Police Forfeiture Fund - - - - - - - - - - -$ -$ -$ -
Total Revenues / Sources 16,489,836$ 5,293,497$ 23,800$ 608,500$ 924,300$ 418,800$ 1,206,431$ 335,900$ 389,760$ 25,690,824$ 4,854,499$ 5,207,821$ 1,220,720$ 11,283,040$ 36,973,864$
Expenditures / Uses
Employee Services 11,990,361$ -$ -$ -$ -$ -$ -$ -$ 143,057$ 12,133,418$ 879,448$ 869,955$ 356,339$ 2,105,742$ 14,239,160$
Current Expenditures 4,320,637 - - 3,200 - - - - 92,500 4,416,337 1,412,171 2,208,663 195,550 3,816,384 8,232,721
Capital Outlay 5,000 - - - 921,400 158,000 - - 385,000 1,469,400 191,000 290,200 - 481,200 1,950,600
Capital Improvements - - - - - - - 453,000 - 453,000 665,000 729,000 497,000 1,891,000 2,344,000
Subtotal 16,315,998$ -$ -$ 3,200$ 921,400$ 158,000$ -$ 453,000$ 620,557$ 18,472,155$ 3,147,619$ 4,097,818$ 1,048,889$ 8,294,326$ 26,766,481$
Transfers To Other Funds
General Fund -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 218,000$ 218,000$ 110,000$ 546,000$ 546,000$
Treatment Plant (Debt)- - - - - - - - - - - - - - -
Equipment Fund - - - - - - - - - - 108,750 108,750 - 217,500 217,500
Park Equipment Fund - - - - - - - - - - - - - - -
Debt Service Funds 223,838 233,000 - - - - 282,751 - - 739,589 577,675 - - 577,675 1,317,264
PIR Fund - - - - - - - - - - - - - - -
Facilities Management Fund - - - - - - - - - - 8,000 8,000 8,600 24,600 24,600
EDA Fund - - - - - - - - - - - - - - -
Severance Compensation Fund - - - - - - - - - - - - - - -
Contingency - - - - - - - - - - - - - - -
Debt Service - 5,360,912 - - - - - - - 5,360,912 169,850 169,850 - 339,700 5,700,612
Subtotal 223,838$ 5,593,912$ -$ -$ -$ -$ 282,751$ -$ -$ 6,100,501$ 1,082,275$ 504,600$ 118,600$ 1,705,475$ 7,805,976$
Total Expenditures / Uses 16,539,836$ 5,593,912$ -$ 3,200$ 921,400$ 158,000$ 282,751$ 453,000$ 620,557$ 24,572,656$ 4,229,894$ 4,602,418$ 1,167,489$ 9,999,801$ 34,572,457$
Change in Fund Balance (50,000)$ (300,415)$ 23,800$ 605,300$ 2,900$ 260,800$ 923,680$ (117,100)$ (230,797)$ 1,118,168$ 624,605$ 605,403$ 53,231$ 1,283,239$ 2,401,407$
2022 Property Tax Levy Comparison 2022 Council Workshop 8/2/2021Attachment 1
Change 21 - 22
Property Taxes 2021 2022 Amount Percent
Levy - Tax Capacity
General Fund - Operating 9,180,384$ 10,003,394$ 823,010$ 8.96%
Debt Service Funds 3,306,498 3,455,529 149,031 4.51%
Revolving Equipment Fund 650,000 700,000 50,000 7.69%
Revolving Park Equipment Fund 375,000 405,000 30,000 8.00%
Permanent Improvement Revolving Fund 120,000 - (120,000) -100.00%
Facilities Management Fund 80,000 105,000 25,000 31.25%
Levy - Economic Dev Authority 349,750 360,000 10,250 2.93%
14,061,632 15,028,923 967,291 6.88%
Levy - Market Value - General Fund 253,575 223,838 (29,737) -11.73%
Total Levy 14,315,207$ 15,252,761$ 937,554$ 6.55%
2022 Budget Expenditure Comparisons (2021 Original Budgets)
Capital Revolving Revolving Park Permanent Facilities Total Total
General Debt Service Cable Park Equipment Equipment Improvement Management EDA Governmental Water Sewer Water Quality Enterprise Budgeted
Fund Funds Fund Fund Fund Fund Revolving Fund Fund Funds Fund Fund Fund Funds Funds
2022 Total Expenditures / Uses 16,539,836$ 5,593,912$ -$ 3,200$ 921,400$ 158,000$ 282,751$ 453,000$ 620,557$ 24,572,656$ 4,229,894$ 4,602,418$ 1,167,489$ 9,999,801$ 34,572,457$
2021 Total Expenditures / Uses 15,077,717$ 5,318,627$ -$ 956,000$ 1,816,000$ 525,000$ 287,150$ 447,600$ 524,794$ 24,952,888$ 5,451,795$ 4,179,895$ 1,109,393$ 10,741,083$ 35,693,971$
Change 2021 to 2022 ($)1,462,119$ 275,285$ -$ (952,800)$ (894,600)$ (367,000)$ (4,399)$ 5,400$ 95,763$ (380,232)$ (1,221,901)$ 422,523$ 58,096$ (741,282)$ (1,121,514)$
Change 2021 to 2022 (%)9.70%5.18%n/a n/a -49.26%-69.90%n/a 1.21%18.25%-1.52%-22.41%10.11%5.24%-6.90%-3.14%
2022 Budget Expenditure Comparisons (2021 Amended Budgets)
Capital Revolving Revolving Park Permanent Facilities Total Total
General Debt Service Cable Park Equipment Equipment Improvement Management EDA Governmental Water Sewer Water Quality Enterprise Budgeted
Fund Funds Fund Fund Fund Fund Revolving Fund Fund Funds Fund Fund Fund Funds Funds
2022 Total Expenditures / Uses 16,539,836$ 5,593,912$ -$ 3,200$ 921,400$ 158,000$ 282,751$ 453,000$ 620,557$ 24,572,656$ 4,229,894$ 4,602,418$ 1,167,489$ 9,999,801$ 34,572,457$
2021 Total Expenditures / Uses 15,331,421$ 5,318,627$ -$ 956,000$ 1,816,000$ 525,000$ 287,150$ 447,600$ 524,794$ 25,206,592$ 5,451,795$ 4,179,895$ 1,109,393$ 10,741,083$ 35,947,675$
Change 2021 to 2022 ($)1,208,415$ 275,285$ -$ (952,800)$ (894,600)$ (367,000)$ (4,399)$ 5,400$ 95,763$ (633,936)$ (1,221,901)$ 422,523$ 58,096$ (741,282)$ (1,375,218)$
Change 2021 to 2022 (%)7.88%5.18%n/a -99.67%-49.26%-69.90%-1.53%1.21%18.25%-2.51%-22.41%10.11%5.24%-6.90%-3.83%
The city is evaluating a proposal to adjust the city franchise fees to help fund the
maintenance of city streets at necessary levels. Residential property owners would see
a small increase in their monthly gas and electric bills with this change. The revenue
generated from these fees would be placed in a dedicated fund and used solely for
expenditures related to the maintenance of city streets.
franchise feesCITY OF PRIOR LAKE
miles of Streets in Prior Lake
Maintenance is critical for extending the usable life of city
streets to 50+ years and avoiding costly road replacement.
Prior Lake has 110 miles of street that require regular
maintenance, including crack sealing, chip sealing, mill and
overlay (the process of rejuvenating asphalt roads by milling
off the top 2 inches of the old asphalt and replacing it with new
material), and eventually complete reconstruction.
Earlier this year the city completed a Pavement Management
Plan. The plan found that the current level of maintenance is
insufficient to keep the city’s road conditions from further
deteriorating to unacceptable levels. The projected cost of
street maintenance in Prior Lake is estimated to be
approximately $95 million over the next 20 years or $5 million
annually.
WHY is this needed in Prior Lake?
Cities charge utility companies (electricity and natural gas) a
“franchise fee” for the use of city-owned, public right-of-way.
This fee is then passed on to utility customers. Many cities
across Minnesota use franchise fees to offset city expenses for
street maintenance that would otherwise go to the property tax
levy.
The City of Prior Lake’s franchise fees have remained
unchanged since 2006. The costs associated with maintaining
the city’s aging street infrastructure are climbing rapidly resulting
in the need to identify a sustainable funding source to support
Prior Lake’s road network. By increasing franchise fees and
dedicating the funds to street maintenance, the city would be
able to equitably distribute the financial burden of these costs
across all properties that generate traffic on our roads.
WHAT is a franchise fee?
J U L Y 2 0 2 1
million dollarseach year tomaintain PriorLake Streets
110
5
Public Information Meeting: Franchise Fees
Tuesday, July 27 @ 6:00 pm
City Hall
City Council Meeting: Franchise Fees Public Hearing
Monday, September 7 @ 7:00 pm
City Hall
City staff will host a public informational meeting on July 27, 2021. At this meeting, staff
will present more detailed information on the city’s street network, road conditions, future
improvements, and cost. To learn more about franchise fees and the city’s pavement
management program, you also may visit the city’s website: www.priorlakemn.gov
WHERE do I get more information?
WHEN would the franchise fee
begin?
The franchise fee adjustment would be
reflected in gas and electric bills beginning
in January 2022.
Contact Us:info@PriorLakeMN.gov (952) 447-9800
Prior Lake property owners currently pay a
total franchise fee of $3.00 per month
($1.50 on gas bills and $1.50 on electric
bills). The proposed adjustment would
increase the fee to $5.00 on gas bills and
$5.00 on electric bills. The fee would be a
flat increase to each residential property
owner. Commercial and industrial
businesses would pay a higher rate based
on their usage and meter sizes.
HOW much is the franchise fee?
Annual Impact
Franchise Fee
$84
Annual Impact
Tax Levy
$188
Franchise fees would have a lower annual
cost for Prior Lake homeowners compared
to increasing property taxes for street
maintenance.
For example, a
house costing
$600.000 would
pay less with a
franchise fee verses
a tax levy in 2022.
1
2022 Proposed Tax Levy Components
Attachment 3
LEVY CHANGE TO MAINTAIN CURRENT SERVICE LEVELS – 6.55%
Economic Development Authority (EDA)Tax Levy Component .07%
EDA Tax Levy Increase - $10,000
The EDA budget includes a funding increase of $10,000 to bring the EDA tax levy to $360,000. This is an incremental increase in
funding primarily for property taxes and maintenance costs for 2022 planned EDA owned properties including 4662/4662 Dakota St
SE and 16298 Main Ave SE.
Personnel Adds / New Funding – 4.94%
Police 2022 Impact of 2021 Mid-Year Wage
Adjustment - $251,000
Incremental increase related to the 2022 salary and benefits budget for the Police Department. A compensation study was
conducted and approved for 7/1/2021 market rate adjustments to the Officers and Sergeants salary schedules.
Assistant Fire Chief - $142,000 New position for 2022, included in Personnel Plan presented April 5, 2021. Budget includes salary and benefits.
Police Officer - $100,000 New position for 2022, included in Personnel Plan presented April 5, 2021. Budget includes salary and benefits.
Public Safety Workers Comp Rate Increase - $97,000 Premium adjustment based on updated experience modifier and rate changes from the League of MN Cities. Preliminary guidance
released included expectations of a 20% rate increase for public safety classes for 2022.
Receptionist - $67,000 New position for 2022, included in Personnel Plan presented April 5, 2021. Budget includes salary and benefits.
Community Development Assistant - $50,000 Conversion of seasonal to permanent part-time position for 2022, included in Personnel Plan presented April 5, 2021. Budget
includes salary and benefits.
Mandatory Items – 1.65%
STAFFING
Wage/COLA and Benefits - $275,000
The budget includes a proposed cost of living adjustment, city payroll taxes and health insurance premium contribution increa se.
The budget also includes seasonal salaries.
Health Insurance - $46,000 The city’s current health insurance provider indicated the city may see a premium increase of 10% for the 2022 insurance renewal.
Workers Compensation - $16,000
Premium adjustment based on updated experience modifier and rate changes from the League of MN Cities. Preliminary guidance
released included expectations of a 10% rate increase and potential reclassification for certain employee functions for 2022.
2
Election Judges - $54,000 An increase in election judges is needed due to an August primary election, the November general election, and ongoing early
voting.
CURRENT EXPENDITURES
Maintenance Agreements – $43,000
Increase in funding for maintenance agreements including general, building and equipment maintenance.
Property/General Liability Insurance - $22,000 Rate increase for property (10%) and general liability (12%) based on LMCIT guidance.
Professional Services - $58,000 increase in professional service costs for legal, engineering and the city’s assessment contract with Scott County.
Software Service Contracts – $15,000 New antivirus software and an increase in the Fire department’s timekeeping software.
Police Camera Technology Contract - $52,000 Estimated contract cost for a comprehensive Police camera technology contract that includes body camera, taser and video
storage. The current contract expires in 2022 and a new contract will cover a five-year period.
NONTAX REVENUE SOURCES/OTHER
Net Revenue increase of $742,000 offset with Levy
Impact of Change in Use of Reserves from 2021 to
2022 of $278,000
$328,000 2021 General Fund use of reserves for recurring items
50,000 2022 General Fund use of reserves
$278,000 Levy impact of Change in Use of Reserves between yrs.
• $205k for additional building permit and plan check revenue. The city collects building permit and plan check revenue on
new residential and townhome units built. The estimate for new construction for 2022 is 150 units which is more than the
2021 estimate of 125 units. As we wind down from the pandemic impacts and evaluate the property available for
development, staff has adjusted the annual building permits estimate to 150/year for the foreseeable future.
• $300k for additional SMSC Police Aid. The financial plan includes an incremental increase in SMSC aid for Policing which
will be adjusted, as needed, based on the agreement between the SMSC Business Council and the City Council. The
proposed increase for 2022 is $300k bringing the total SMSC police aid contribution to $1,000,000 in 2022.
• $82k for additional Minnesota state aid for Street Maintenance, Police and Fire including an estimated increase for the
2022 police officer and assistant fire chief staff additions.
• $31k Fire & Rescue Services Revenue from Townships: The costs for the Assistant Fire Chief are included in the cost
calculation for the Fire & Rescue Services agreement with Credit River and Spring Lake Townships.
• $27k for facility rent from the Prior Lake Spring Lake Watershed District (PLSLWD) for the space they are leasing at City
Hall.
• $278k increase in tax levy for on-going expenditures/revenue that were funded with reserves in the prior year. The 2021
use of reserves for ongoing revenue/expenditure items of $327,750 is comprised of the following:
o $100,000 shortfall in SMSC Police aid
o $24,000 reduction in the estimate of building permit and plan check revenue
o $63,000 Police overtime adjustment
o $23,750 Police workers compensation adjustment
o $117,000 Police midyear wage adjustment
2022 Planned Use of Reserves is $50,000 to fund the following items:
o Community Survey – The survey is completed every three to five years and planned to be funded from reserves.
GENERAL FUND RESERVE
Background information: The city’s comprehensive financial management plan calls for maintaining a fund balance between 40-50%
to ensure adequate reserves for cash flow, unplanned expenditures, and to maintain the city’s credit worthiness (AA+ credit rating).
Staff recommends the use of reserves for one-time expenditures or revenue shortfall; otherwise, the fund balance could drop below
the level stated in the comprehensive financial management plan over time.
3
The total 2021 use of reserves is $1,127,704 comprised of the following items:
$849,955 of the use of reserves was for the following one-time items:
• $800,000 for a planned transfer of ARPA funds to the Facilities Management Fund for future projects
• $17,600 for professional services for a city compensation study
• $32,355 for purchase of Police field equipment
$277,750 of the use of reserves was for recurring items. In 2022, tax levy is needed to fund these items that were funded with
reserves in 2021:
• $100,000 shortfall in SMSC Police aid
• $24,000 reduction in the estimate of building permit and plan check revenue
• $63,000 Police overtime adjustment
• $23,750 Police workers compensation adjustment
• $117,000 Police midyear wage adjustment
2022 Planned Use of Reserves is $50,000 to fund the following items:
• Community Survey – The survey is completed every three to five years and planned to be funded from reserves.
Capital Improvement Program (CIP) Tax Levy Components - (.10%)
Equipment Replacement funding - $50,000 The Equipment Replacement Plan (ERP) utilizes general tax levies to support replacement of the City’s equipment and vehicle fleet.
The ten-year annualized cost for the plan is about $1.38M. The financing plan reflects a gradual increase in the tax levy until the
annual levy reaches $1M by the year 2028. The proposed total levy for 2022 is $917k. Since the proposed levy increase is gradual,
bonding may be required for the plan to meet our funding needs.
Park Equipment Replacement funding -$30,000 The Revolving Park Plan funds capital replacement projects, park amenities, and trail, sidewalk, and boardwalk replacement. The
plan proposes a phased increase in the tax levy to cover the capital projects in the plan. 2022 projects include the Northwood
playground replacement and the Crystal Lake aerator.
Facilities Management Plan funding -$25,000
The Facility Management Plan (FMP) was developed to plan for major repairs, replacements, and upgrades for all city facilities on a
long-term basis (25 years). It does not cover minor expenses for repairs and maintenance. Those will continue to be funded
through the operating budgets. 2022 includes carpet and minor renovations at the Police Station, roof work at the salt building and
renovations for the duty crew at Fire Station 1.
Street Overlay funding – ($120,000)
The fund is reviewed annually to monitor cash flow and determine the tax levy needed. No specific projects are identified at this
time for 2022. Based on the estimated cost of $5,000,000 a year to maintain city streets, staff has proposed the increase in the
city’s current gas and electric franchise fee from $1.50 each to $5.00 each and dedication of the funding to the city’s pavement
management plan. See Attachment 3 Franchise Fee Flyer for more detailed information. This additional funding will support the
maintenance of the street network conditions as part of the pavement management program. With the planned increase in the
franchise fee revenue starting in 2020, a separate PIR Fund/Street Overlay tax levy is not needed in 2022.
4646 Dakota Street SE
Prior Lake, MN 55372
2022 Budget & Capital Improvement Program Schedule
NOTE: All Highlighted Meetings Open to the Public
February 16 Council Workshop – Pavement Management Plan
March 1 Dept. Heads submit large budget item requests to Finance
April 5 Council Workshop – Personnel Plan
April 19 Council Workshop – Review General Fund Reserves and Proposed Uses to align
with Strategic Initiatives
April 30 CIP Plan updates completed by city staff
1. Transportation Plan/Street Overlay Plan
2. Water Operating Plan
3. Sewer Operating Plan
4. Water Quality Operating Plan
5. Equipment Replacement Plan
6. Park Plan
7. Facilities Management Plan
8. Technology Plan
May 15 Budget instructions provided to Dept. Heads
Approximately
May 15-31 (After
2020 Audit is
Completed &
Closed in BS&A.)
Dept. Heads submit budget requests to Finance through the financial system
June 1 – June 15 City Manager, Finance and Staff budget review
June 7 Council Workshop – Long-Range Plan (Establish 2022 levy target)
June 21 Council Workshop –2022-2026 CIP Presentation
August 2 Council Workshop – Closed Session – Labor Contract Negotiations
August 2 Council Workshop – Preliminary 2022 Budget/Tax Levy Discussion/CIP Debt
Impacts
August 16 Council Meeting – CIP Public Presentation/Adopt CIP
September 7 Council Meeting – Adopt Preliminary Tax Levy and announce public budget hearing
date
November 1 Council Workshop – Final 2022 Budget/Tax Levy Discussion (30 minutes)
December 6 Council Meeting – Public Budget Hearing and Adopt 2022 Budget and Tax Levy
CHECK REGISTER FOR CITY OF PRIOR LAKE 1/6Page: 07/23/2021 03:47 PM
User: Janet
DB: Prior Lake CHECK DATE FROM 07/10/2021 - 07/23/2021
AmountDescriptionVendor NameVendorCheckBankCheck Date
Bank 1 General Bank
1,221.49 2021 Dental ClaimsDELTA DENTAL000272137416(E)107/20/2021
478.31 Jun 2021 Merchant Card FeesTRANSFIRST000206937417(E)107/20/2021
342.57 Jun 2021 Fuel TaxMN DEPT OF REVENUE000136127418(E)107/16/2021
3,598.00 Jun 2021 Sales Tax
3,940.57
46.00 Filing Fee - Res 21-07PCSCOTT COUNTY000192127419(E)107/15/2021
46.00 Filing Fee - Shimek Deposit Agreement
92.00
1,067.25 Jul 2021 Electric BillsSHAKOPEE PUBLIC UTILITIES000193887420(E)107/15/2021
577.58 2021 Dental ClaimsDELTA DENTAL000272137421(E)107/19/2021
1,380.00 Tow/Store Jeep Compass #599657ALLEN'S SERVICE INC000013607422(A)107/23/2021
87.42 B.P. 435 Lift Station UPS BatteriesBATTERIES PLUS000021307423(A)107/23/2021
193.01 Batteries
280.43
1,557.24 Stock tires BAUER BUILT INC000021457424(A)107/23/2021
2,049.60 Stock tires
3,606.84
441.00 Cardinal Overlook AdditionBOLTON & MENK INC000026377425(A)107/23/2021
893.92 Jun 2021 Misc SuppliesCARLSON HARDWARE COMPANY000031257426(A)107/23/2021
49.21 Meals - Out of Town TrainingCHAD SHIMOTA000270447427(A)107/23/2021
1,800.00 Tree Trim - Duluth St.COLLINS TREE 000036707428(A)107/23/2021
1,784.00 JuL 2021 Office 365COMPUTER INTEGRATION TECH000037607429(A)107/23/2021
1,125.00 Aug 2021 CIT Managed Backup
1,762.50 Aug 2021 Managed Services
600.00 Monitor
5,271.50
105.99 Helmet SystemCONCRETE CUTTING & CORING000037857430(A)107/23/2021
119.00 Safety Boots 2021DANIEL MEGER000133247431(A)107/23/2021
41.40 Meals - Out of Town TrainingDAVID MONNENS000272697432(A)107/23/2021
634.00 Street PaintDIAMOND VOGEL000044567433(A)107/23/2021
132.77 7112N grille strobeEMERGENCY AUTOMOTIVE TECH INC000054807434(A)107/23/2021
7,401.75 Fertilizer applicationFARMERS MILL & ELEVATOR INC000276327435(A)107/23/2021
445.04 Stock bolts and supplies FASTENAL COMPANY000061407436(A)107/23/2021
121.54 Parts
(558.07)PC Chain
8.51
995.00 New squad graphics GRAFIX SHOPPE000076157437(A)107/23/2021
235.26 Unit numbers
1,230.26
1,233.60 Summit Ridge Park Concept & Stakeholder HOISINGTON KOEGLER GROUP INC000087307438(A)107/23/2021
CHECK REGISTER FOR CITY OF PRIOR LAKE 2/6Page: 07/23/2021 03:47 PM
User: Janet
DB: Prior Lake CHECK DATE FROM 07/10/2021 - 07/23/2021
AmountDescriptionVendor NameVendorCheckBankCheck Date
1,043.60 Pickleball Court Design Additional Svcs
2,945.00 Neighborhood Park Engagement
5,222.20
76.82 TonerINNOVATIVE OFFICE SOLUTIONS LLC000271497439(A)107/23/2021
51.88 Address Labels
68.53 Misc Office Supplies
28.99 Toner
72.00 Nitrile Gloves
106.45 Misc Office Supplies
404.67
41.61 Meals - Out of Town TrainingJACOB HARTMAN000271387440(A)107/23/2021
125.00 Safety Boots 2021JESSE ELLANSON000054637441(A)107/23/2021
41.32 Meals - Out of Town TrainingJUSTIN SKLUZACEK000270637442(A)107/23/2021
1,500.00 Verizon Franklin Trl/Hwy 13 ReviewKLM ENGINEERING INC000115207443(A)107/23/2021
90.47 ValveKULLY SUPPLY INC000119407444(A)107/23/2021
387.26 524 Control moduleMTI DISTRIBUTING INC000139517445(A)107/23/2021
193.54 Parts
580.80
908.54 Cleaning SuppliesNETWORK SERVICES COMPANY000143817446(A)107/23/2021
725.00 Jun 2021 Labor & EmploymentNILAN JOHNSON LEWIS000081237447(A)107/23/2021
853.50 New squad car wiring covers NOVAK COMPANIES000149007448(A)107/23/2021
196.00 Mtce Center Generator Fuel Tank
1,049.50
844.89 Jun 2021 Repair PartsO'REILLY AUTO PARTS000150887449(A)107/23/2021
400.00 Jul 2021 ROWay AppPERRILL000065027450(A)107/23/2021
264.25 Jun 2021 Misc SuppliesPRIOR LAKE HARDWARE000166587451(A)107/23/2021
12.97 533 Trailer RIGID HITCH INC000184757452(A)107/23/2021
109.97 533 Trailer
74.97 466 Plow jack
5.97 760 Marker lamp
59.91 747 Generator wheel chocks
263.79
45.67 Meals - Out of Town TrainingROBERT MESENBRINK000268947453(A)107/23/2021
1,620.00 1st & 2nd Qtr 2021 MDT State AccessSCOTT COUNTY000192127454(A)107/23/2021
156.16 Squad wiring cable TERMINAL SUPPLY COMPANY000202707455(A)107/23/2021
10.70 Roof plugs
166.86
450.00 E Coli TestingUC LABORATORY000212357456(A)107/23/2021
195.03 Evidence SuppliesULINE000212507457(A)107/23/2021
373.58 Double Sided Bike Cap
568.61
264.53 PartsVIKING ELECTRIC SUPPLY000226307458(A)107/23/2021
44.51 Parts
(276.27)Light
CHECK REGISTER FOR CITY OF PRIOR LAKE 3/6Page: 07/23/2021 03:47 PM
User: Janet
DB: Prior Lake CHECK DATE FROM 07/10/2021 - 07/23/2021
AmountDescriptionVendor NameVendorCheckBankCheck Date
32.77
216.00 AsphaltWM MUELLER & SONS INC000236457459(A)107/23/2021
1,198.08 Asphalt
87.87 Asphalt
1,501.95
416.65 Fuel island nozzles ZAHL-PETROLEUM MAINTENANCE CO000261257460(A)107/23/2021
2,608.00 Gutter BroomZARNOTH BRUSH WORKS INC000262007461(A)107/23/2021
135.35 Mtce Center - First Aid SuppliesZEE MEDICAL SERVICE000263507462(A)107/23/2021
120.50 9221 Fuel injector line ZIEGLER INC000265007463(A)107/23/2021
380.00 3/1/21-2/28/22 Service
500.50
1,135.87 Jun 2021 Admin FeesDELTA DENTAL000272137464(E)107/21/2021
1,834.74 Jul 2021 Phone BillsNUVERA000193047465(E)107/21/2021
46.00 Filing Fee - Deed RestrictionSCOTT COUNTY000192127466(E)107/21/2021
73.70 Jul 2021 Admin FeesFURTHER000135047467(E)107/22/2021
21,781.93 Jul 2021 Electric BillsMN VALLEY ELECTRIC000137387468(E)107/22/2021
58.00 Jun 2021 COBRA Admin FeeALERUS000013757469(E)107/20/2021
7.00 Jun 2021 Transaction FeesPOINT & PAY000276217470(E)107/20/2021
750.00 Transfer Tape3M00026862108446107/23/2021
125.00 Transfer Tape
125.00 Transfer Tape
1,000.00
1,000.00 Security Assessment7 MINUTE SECURITY00028015108447107/23/2021
162.23 UB REFUND # 4-05222-00ALBERT BEVOLO REFUND-UB108448107/23/2021
187.63 UB REFUND # 1-08731-01AMIT PISTA REFUND-UB108449107/23/2021
38.57 CoffeeARAMARK REFRESHMENT SERVICES00001772108450107/23/2021
102.76 UB REFUND #4-06340-98BARB MIGLIACCIOREFUND-UB108451107/23/2021
597.00 Basemanager Plus ServiceBASELINE INC00027833108452107/23/2021
5,450.00 Basketball Court Repair - Memorial Park C&H SPORT SURFACES INC00003043108453107/23/2021
7,365.00 Basketball Court Repair - Knob Hill Park
12,815.00
95.80 UB REFUND # 1-03162-01CARLEN PINK REFUND-UB108454107/23/2021
2,500.00 20-0828 14400 Rutgers Street NECHARLES CUDD COMPANYMISC-CD108455107/23/2021
2,700.00 20-0828 14400 Rutgers Street NE
5,200.00
315.00 Jun 2021 Tai Chi InstructorCHRISTINE T MORGAN00027316108456107/23/2021
2,500.00 20-1881 14167 McKenna Road NWCUDDIGAN CUSTOM BUILDERS LLCMISC-CD108457107/23/2021
275.00 PL Decal StickersDAHLEN SIGN COMPANY00026997108458107/23/2021
218.00 Hit ValveDAKOTA SUPPY GROUP00028013108459107/23/2021
3,130.00 Mobile ID- All-In-OneDATAWORKS PLUS LLC00028017108460107/23/2021
21.00 #457 Duplicate PlatesDEPUTY REGISTRAR #16000004400108461107/23/2021
21.00 Plates #543
25.00 Title - 2021 Ford #53666
25.00 Title - 2021 Ford #53667
25.00 Title - 2021 Ford #53668
25.00 Title - 2021 Ford #53669
26.00 Plates #8313
CHECK REGISTER FOR CITY OF PRIOR LAKE 4/6Page: 07/23/2021 03:47 PM
User: Janet
DB: Prior Lake CHECK DATE FROM 07/10/2021 - 07/23/2021
AmountDescriptionVendor NameVendorCheckBankCheck Date
40.00 Title - 2021 Ford #53665
208.00
1,035.00 Channel PostsEARL F ANDERSEN INC00005175108462107/23/2021
5,150.05 Annual Ladder (unit 9280) MaintenanceEMERGENCY APPARATUS MAINT00005475108463107/23/2021
1,478.45 #9280 Ladder Repair
6,628.50
695.00 471 Transition assemblyENVIRONMENTAL EQUIPMENT00005584108464107/23/2021
54.72 UB REFUND # 4-06924-00ERIN HAMMER & CHAD WORMSBECKERREFUND-UB108465107/23/2021
386.00 Memorial Plaques = Stroh, ParsonsEXECUTIVE OCEAN00005947108466107/23/2021
2,881.45 Water MetersFERGUSON WATERWORKS #251600006231108467107/23/2021
4,481.20 Water Meters
54.72 Water Meters
27.36 Water Meters
387.79 Water Meters
1,392.00 Water Meters
9,224.52
191.66 9222 repair FLEETPRIDE00003260108468107/23/2021
34.19 UB REFUND #1-02958-00GEORGIANN GLENNAREFUND-UB108469107/23/2021
192.68 UB REFUND #1-00982-03GERALD SIMMERING REFUND-UB108470107/23/2021
1,104.08 Handicap StencilGEVEKO MARKINGS INC00028012108471107/23/2021
23.95 SocketGRAINGER INC00023030108472107/23/2021
180.00 Jun 2021 Yoga InstructorGWENDOLYN SCHMID00027984108473107/23/2021
43.75 UB REFUND # 3-02088-01HASSE INVESTMENT REFUND-UB108474107/23/2021
405.57 Exhaust Fan - Maint CtrHAYES ELECTRIC INC00008315108475107/23/2021
601.92 GFI Repair - Old Shop
1,007.49
420.00 Jun 2021 Foot Care SessionsHEALING HANDS FOR FEET00027618108476107/23/2021
808.74 PartsINTERNATIONAL SECURITY PRODUCTS00009753108477107/23/2021
273.44 UB REFUND #4-05233-01IRENE ISIOMA ODOGWUREFUND-UB108478107/23/2021
160.31 UB REFUND # 4-04854-01JAMES & ERIKA PETERSON REFUND-UB108479107/23/2021
81.28 UB REFUND # 4-07150-00JEFF ASPENWALL REFUND-UB108480107/23/2021
128.59 UB REFUND # 3-03833-02JEREMY & HEATHER CARLSON REFUND-UB108481107/23/2021
24.04 UB REFUND # 3-03639-00JIM & MONA GARVEYREFUND-UB108482107/23/2021
117.39 UB REFUND # 4-03983-05JIM & PAM WOLFE REFUND-UB108483107/23/2021
54.47 UB REFUND # 4-06523-01JOEL & LINDSEY PINGEL REFUND-UB108484107/23/2021
21.55 UB REFUND # 1-00971-00JOHN & ELEANOR ANSELLREFUND-UB108485107/23/2021
3,407.07 TIF 1st Half 2021JORDAN REAL ESTATE PARTNERSHIP00010820108486107/23/2021
130.56 UB REFUND #1-04456-01JUSTIN BOURASSA & MEREDITH DOSEREFUND-UB108487107/23/2021
42.00 Refund - Trip CancellationKAREN BRANDTREFUND-REC108488107/23/2021
29.87 UB REFUND # 3-04914-02KATIE SAND REFUND-UB108489107/23/2021
32.03 UB REFUND # 1-00248-04KEVIN & STACIE MILTON REFUND-UB108490107/23/2021
48.45 UB REFUND #3-03550-00KRISTINE ANDERSON REFUND-UB108491107/23/2021
6.93 UB REFUND # 1-07232-02LENOX DAVIDSON REFUND-UB108492107/23/2021
21.67 UB REFUND # 4-05598-00LEROY & KAREN BOHNSACK REFUND-UB108493107/23/2021
105.81 UB REFUND # 4-07954-01LINDA LINEHAN REFUND-UB108494107/23/2021
136.54 UB REFUND # 3-02909-01MADISON WHALEN REFUND-UB108495107/23/2021
232.17 UB REFUND #4-06865-02MARCY & KEVIN VIRTS REFUND-UB108496107/23/2021
59.88 Cement PatchMENARDS LUMBER CO00013318108497107/23/2021
64.99 Mtce Center Generator Pump
124.87
CHECK REGISTER FOR CITY OF PRIOR LAKE 5/6Page: 07/23/2021 03:47 PM
User: Janet
DB: Prior Lake CHECK DATE FROM 07/10/2021 - 07/23/2021
AmountDescriptionVendor NameVendorCheckBankCheck Date
118.23 UB REFUND #1-01109-00MICHAEL AUTENRIETHREFUND-UB108498107/23/2021
97.80 UB REFUND #3-02330-01MIKE & PATRIZIA BORGERDINGREFUND-UB108499107/23/2021
48.00 LumberMONNENS SUPPLY INC00013909108500107/23/2021
25.20 Lumber
12.00 Lumber
85.20
1,412.10 Water Rescue SuppliesMUNICIPAL EMERGENCY SERVICES00013897108501107/23/2021
10.86 UB REFUND #4-07715-01NANCY CAMPBELLREFUND-UB108502107/23/2021
448.84 Jun 2021 Repair PartsNAPA AUTO PARTS00014060108503107/23/2021
175.00 Barstad 2021 DuesNATIONAL RECREATION & PARK ASSN00014214108504107/23/2021
904.64 Fire Dept T-ShirtsNORTHBOUND CREATIVE00014650108505107/23/2021
7,000.00 2020 Annual TIF Reporting NORTHLAND SECURITIES INC00014775108506107/23/2021
1,000.00 Debt Management Plan
8,000.00
19.46 Interpreter ServicesOFFICE OF MN IT SERVICES00004396108507107/23/2021
57,805.62 TIF 1st Half 2021OLD NATIONAL BANK00016770108508107/23/2021
136.21 UB REFUND #4-05769-00PAVEL & TATYANA LELYUKHREFUND-UB108509107/23/2021
7,581.22 TIF 1st Half 2021PREMIERE DANCE ACADEMY00016573108510107/23/2021
95,646.78 TIF 1st Half 2021PRIOR LAKE LEASED HOUSING ASSOC LLP00027496108511107/23/2021
33.00 PropanePRIOR LAKE RENTAL CENTER00016700108512107/23/2021
4,740.00 1st Half 2021 Tax AbatementPRIOR LAKE REVIVAL00027658108513107/23/2021
5.42 UB REFUND # 2-00116-02QUENTIN WILL REFUND-UB108514107/23/2021
8.84 UB REFUND # 3-00750-98R & S PROPERTIES REFUND-UB108515107/23/2021
615.00 CementRIVERS EDGE CONCRETE INC00018496108516107/23/2021
131.99 UB REFUND # 2-04296-00ROBERT & KAAMA MALVINREFUND-UB108517107/23/2021
160.00 MulchROCK HARD LANDSCAPE SUPPLY00018571108518107/23/2021
160.00 Mulch
320.00
185.52 UB REFUND #3-06114-02RUSSELL ANDERSONREFUND-UB108519107/23/2021
4,000.00 Refund Boat Slip FeeRYAN CODYREFUND-REC108520107/23/2021
172.64 Misc Recreation SuppliesSAM'S CLUB00019036108521107/23/2021
38,234.30 2nd Qtr 2021 Court FinesSCOTT COUNTY ATTORNEY00019232108522107/23/2021
100.00 Parking Sign VinylSDDI SIGNS00027585108523107/23/2021
103.57 523 Mower partsSEMA EQUIPMENT INC00026973108524107/23/2021
67.56 523 Mower blades
171.13
16,333.27 2021 Long Line PaintingSIR LINES-A-LOT00019531108525107/23/2021
70.00 Refund Seasonal Parking PassSITHSAMONE PHIMMAVONGREFUND-REC108526107/23/2021
119.80 PartsSIWEK LUMBER & MILLWORK INC00019538108527107/23/2021
249.60 Newspaper SubscriptionSTAR TRIBUNE00019744108528107/23/2021
3,029.00 40mm Launcher and munitions STREICHERS00019900108529107/23/2021
98.40 Jun & Jul 2021 Phone BillT-MOBILE00026962108530107/23/2021
148.23 UB REFUND # 3-08986-01TODD HORNBACHER REFUND-UB108531107/23/2021
416.24 Arts & Culture Committee ConsultantURBANE DRK CONSULTING00027976108532107/23/2021
172.13 UB REFUND #1-00530-01VANESSA KINDRED & BRANDEN BURANDTREFUND-UB108533107/23/2021
8.99 UB REFUND # 1-06766-00VERLE & JULANNE STEVENSON REFUND-UB108534107/23/2021
7,461.00 1st Half 2021 Tax AbatementVERSATILE VEHICLES INC00027427108535107/23/2021
61.40 UB REFUND # 4-05572-06WANG WENTAO REFUND-UB108536107/23/2021
2,500.00 20-1496 3525 Cove Point Circle NWWENSMANN CUSTOM HOMESMISC-CD108537107/23/2021
2,500.00 20-2014 3505 Cove Point Circle NW
CHECK REGISTER FOR CITY OF PRIOR LAKE 6/6Page: 07/23/2021 03:47 PM
User: Janet
DB: Prior Lake CHECK DATE FROM 07/10/2021 - 07/23/2021
AmountDescriptionVendor NameVendorCheckBankCheck Date
5,000.00
21.70 UB REFUND # 4-05928-00WILL LUXREFUND-UB108538107/23/2021
130.99 Hand CleanerZEP SALES & SERVICE00026440108539107/23/2021
127.00 UB REFUND # 3-05023-01ZILLOW INCREFUND-UB108540107/23/2021
60.32 UB REFUND # 4-05123-02
187.32
1 TOTALS:
385,941.60 Total of 150 Disbursements:
0.00 Less 0 Void Checks:
385,941.60 Total of 150 Checks:
YTM @
Cost Cost Value
Days to
Maturity
% of
Portfolio
0‐1 Month 0.039 15,082,703 1 36.51%
3‐6 Months 1.524 2,063,454 153 4.95%
6‐9 Months 3.000 245,000 202 0.59%
9‐12 Months 1.888 1,938,484 320 4.57%
1‐2 Years 2.179 5,730,827 528 13.77%
2‐3 Years 2.484 5,207,084 876 12.40%
3‐4 Years 1.427 5,490,580 1,226 13.21%
4‐5 Years 0.906 3,694,880 1,570 8.69%
5‐10 Years 1.079 2,179,700 1,957 5.31%
Total / Average 1.126 41,632,712 607 100.00%
CITY OF PRIOR LAKE, MINNESOTA
Investment Portfolio ‐ Diversification, by Maturity Range
June 30, 2021
Description
City of Prior Lake ‐ Quarterly Investment Report
YTM @
Cost Cost Value
Days to
Maturity
% of
Portfolio
Cash ‐ 2,746,234 1 6.65%
Certificate of Deposit 2.176 11,617,059 754 28.12%
FFCB Bond 0.919 1,533,553 1,774 3.75%
FHLB Bond 0.654 1,477,844 1,217 3.51%
FHLMC Bond 1.036 700,000 1,741 1.69%
LGIP 0.017 12,186,470 1 29.50%
Municipal Bond 1.622 11,371,552 956 26.78%
Total / Average 1.126 41,632,712 607 100.00%
CITY OF PRIOR LAKE, MINNESOTA
Investment Portfolio ‐ Diversification, by Security Type
June 30, 2021
Description
City of Prior Lake ‐ Quarterly Investment Report
Description CUSIP/Ticker Transaction ID Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of PortfolioCash - Northland Securities Cash CASH5845 2/3/2002 0.000 2,656,234.20 2,656,234.20 2,656,234.20 2,656,234.20 N/A 1 6.43Morgan Stanley Cash CASH5089 12/31/2010 0.000 83,881.87 83,881.87 83,881.87 83,881.87 N/A 1 0.20Oppenheimer Cash MM9905 12/27/2011 0.000 6,117.70 6,117.70 6,117.70 6,117.70 N/A 1 0.01Sub Total / Average Cash0.000 2,746,233.77 2,746,233.77 2,746,233.77 2,746,233.77 1 0.00 6.65Allegiance Bank TX 2.2 11/3/2022 01748DAY2 58,629 11/3/2017 2.200 245,000.00 245,000.00 245,000.00 251,766.90 11/3/2022 491 398.71 0.59Alma Bank 1.8 9/11/2023 020080BM8 58,424 9/11/2019 1.800 245,000.00 245,000.00 245,000.00 253,361.85 9/11/2023 803 229.56 0.59Bank Baroda New York 3.55 11/30/2023 06062R-7R-7 33,681 11/30/2018 3.550 245,000.00 245,000.00 245,000.00 264,465.25 11/30/2023 883 724.790.59Bank of New England 3.25 7/31/2023 06426KAN8 24,540 7/31/2018 3.250 245,000.00 245,000.00 245,000.00 260,383.55 7/31/2023 761 0.00 0.59Bankers Bank West Denver CO 1.8 9/30/2024 06610T-EE-1 23,210 9/30/2019 1.800 245,000.00 245,000.00 245,000.00 256,488.05 9/30/2024 1,188 0.00 0.59BankUnited Savings Miami 0.95 3/31/2026 066519QT9 33,134 3/31/2021 0.950 245,000.00 245,000.00 245,000.00 245,186.20 3/31/2026 1,735 0.00 0.59Barclays Bk Delaware 2.3 10/18/2022 06740KLD7 57,203 10/18/2017 2.300 245,000.00 245,000.00 245,000.00 251,921.25 10/18/2022 475 1,127.00 0.59BMW Bank of NA 1.8 4/11/2022 05580ASR6 35,141 10/11/2019 1.800 247,000.00 247,000.00 247,000.00 250,374.02 4/11/2022 285 974.47 0.60Capital BK3.15 10/28/2022 139797HC1 34,562 10/29/2018 3.150 245,000.00 245,000.00 245,000.00 254,792.65 10/28/2022 485 21.14 0.59Capital One Nat'l Assn McLean 2.1 8/14/2024 14042RMW8 4,297 8/14/2019 2.100 247,000.00 247,000.00 247,000.00 260,585.00 8/14/2024 1,141 1,932.69 0.60Celtic Bank 1.8 8/30/2023 15118RRF6 57,056 8/30/2019 1.800 245,000.00 245,000.00 245,000.00 253,273.65 8/30/2023 791 0.00 0.59CF Bank 3.15 9/18/2023 15721UCQ0 28,263 9/18/2018 3.150 245,000.00 245,000.00 245,000.00 260,738.80 9/18/2023 810 253.73 0.59Citibank Sioux Falls 3.15 7/25/2022 17312QP86 7,213 7/24/2018 3.150 245,000.00 245,000.00 245,000.00 252,977.20 7/25/2022 390 3,319.58 0.59City National Bank 3.05 8/8/2022 17801GBU2 3,814 8/6/2018 3.050 245,000.00 245,000.00 245,000.00 252,964.95 8/8/2022 404 491.34 0.59COMENITY BK SALT LAKE CITY UT 2.6 11/24/2021 20033AJN7 57,570 11/26/2014 2.600 245,000.00 245,000.00 245,000.00 247,616.60 11/24/2021 14769.81 0.59Discover Bank 1.9 5/11/2023 254672YR3 5,649 9/17/2019 2.001 245,000.00 244,135.15 244,558.48 252,746.90 5/11/2023 680 637.67 0.59Enerbank USA 0.55 9/25/2025 29278TRL6 57,293 9/25/2020 0.550 245,000.00 245,000.00 245,000.00 244,892.20 9/25/2025 1,548 18.46 0.59Enterprise Bank & Trust 1.8 11/8/2024 29367SJQ8 27,237 11/8/2019 1.800 245,000.00 245,000.00 245,000.00 256,723.25 11/8/2024 1,227 265.81 0.59Enterprise Bank Allison Park PA 1.8 9/27/2024 29367R-LA-2 34,786 9/27/2019 1.800 245,000.00 245,000.00 245,000.00 256,478.25 9/27/2024 1,185 1,147.81 0.59First Natl Bank of Albany 1.6 2/28/2025 76T155845 3,067 2/28/2020 1.600 245,000.00 245,000.00 245,000.00 255,581.55 2/28/2025 1,339 21.48 0.59First Source Bank 1.7 10/29/2021 33646CLT9 9,087 12/31/2019 1.700 245,000.00 245,000.00 245,000.00 246,359.75 10/29/2021 121 0.00 0.59Firstbank Puerto Rico 1.8 9/6/2022 33767GAE8 30,387 9/6/2019 1.800 245,000.00 245,000.00 245,000.00 249,870.60 9/6/2022 433 289.97 0.59Flagstar Bank FSB 0.2 6/30/2023 33847E4Q7 32,541 6/30/2021 0.200 245,000.00 245,000.00 245,000.00 244,877.50 6/30/2023 730 0.00 0.59GE Cap Bk Inc Retail 2.55 7/19/2021 36161TS48 33,778 7/18/2014 2.550 150,000.00 150,000.00 150,000.00 150,205.50 7/19/2021 19 1,708.15 0.36Goldman Sachs 2.4 9/6/2022 38148PPC5 33,124 9/6/2017 2.400 245,000.00 245,000.00 245,000.00 251,639.50 9/6/2022 433 1,868.71 0.59Harden County 3.1 9/28/2023 412022CJ2 5,817 9/28/2018 3.100 245,000.00 245,000.00 245,000.00 260,648.15 9/28/2023 820 41.62 0.59Industrial & Coml NY 2.65 2/14/2023 45581EAR2 24,387 2/14/2018 2.650 245,000.00 245,000.00 245,000.00 254,817.15 2/14/2023 594 284.60 0.59Iowa State Clarksville 3.15 9/28/2023 46256YAY5 15,947 9/28/2018 3.150 245,000.00 245,000.00 245,000.00 260,951.95 9/28/2023 820 1,987.52 0.59JP Morgan Chase 1.1 12/31/2026-21 48128US67 628 4/20/2021 1.100 245,000.00 245,000.00 245,000.00 245,813.40 12/31/2026 2,010 524.23 0.59KS State Bank Manhattan 2.1 5/17/2022 50116CBE8 19,899 11/17/2017 2.100 245,000.00 245,000.00 245,000.00 249,365.90 5/17/2022 321 183.25 0.59Marine Bank 3 1/18/2022 56817TAH4 20,250 7/18/2018 3.000 245,000.00 245,000.00 245,000.00 248,973.90 1/18/2022 202 241.64 0.59Merrick Bank2.2 11/8/2022 59013JD71 34,519 11/8/2017 2.200 245,000.00 245,000.00 245,000.00 251,830.60 11/8/2022 496 324.88 0.59MS Private Bank 3.55 11/8/2023 61760ARS0 34,221 11/8/2018 3.550 245,000.00 245,000.00 245,000.00 263,585.70 11/8/2023 861 1,262.92 0.59National Cooperative Bank3.4 12/21/2023 635573AL2 323,612 12/24/2018 3.400 245,000.00 245,000.00 245,000.00 263,992.40 12/21/2023 904 205.40 0.59New York Community Bank 0.2 7/3/2023 649447VA4 16,022 6/30/2021 0.200 245,000.00 245,000.00 245,000.00 244,872.60 7/3/2023 733 0.00 0.59Northwest Bank 2 4/29/2022 66736ABJ7 58,752 11/10/2017 2.000 245,000.00 245,000.00 245,000.00 248,942.05 4/29/2022 303 0.00 0.59Preferred Bank LA Calif 1.95 8/30/2024 740367HR1 33,539 8/30/2019 1.950 249,000.00 249,000.00 249,000.00 261,666.63 8/30/2024 1,157 0.00 0.60Sallie Mae Bank Utah 1.9 9/18/2024 7954504D4 58,177 9/18/2019 1.900 245,000.00 245,000.00 245,000.00 257,205.90 9/18/2024 1,176 1,326.36 0.59Spring Bank3.25 10/24/2023 849430AY9 58,668 10/24/2018 3.250 245,000.00 245,000.00 245,000.00 261,963.80 10/24/2023 846 130.89 0.59STATE BK INDIA NEW YORK NY 2.6 12/6/2021 8562843H5 33,682 12/5/2014 2.600 245,000.00 245,000.00 245,000.00 247,726.85 12/6/2021 159 436.300.59Sterling Bank Poplar Bluff MO 3.1 1/11/2023 85916V-CY-9 57,813 1/11/2019 3.100 245,000.00 245,000.00 245,000.00 255,990.70 1/11/2023 560 3,537.40 0.59Texas Exchange Bk 0.45 8/21/2024 88241TJE1 20,099 8/21/2020 0.450 245,000.00 245,000.00 245,000.00 245,056.35 8/21/2024 1,148 27.18 0.59TIAA FSB Jacksonville FLA 1.95 8/26/2022 87270LCR2 34,775 8/28/2019 1.950 247,000.00 247,000.00 247,000.00 252,233.93 8/26/2022 422 1,609.90 0.60UBS Bank USA 3.25 10/17/2022 90348JEG1 57,565 10/17/2018 3.250 245,000.00 245,000.00 245,000.00 254,898.00 10/17/2022 474 283.60 0.59Washington Federal 1.95 8/28/2024 938828BN9 28,088 8/28/2019 1.950 245,000.00 245,000.00 245,000.00 257,438.65 8/28/2024 1,155 26.18 0.59Wells Fargo BK NA Sioux Falls 2.75 5/17/2024 949763-B6-2 3,511 6/11/2019 2.650 200,000.00 200,924.00 200,539.43 214,048.00 5/17/2024 1,052 195.89 0.48Wells Fargo Natl Bk West 1.8 12/13/2022 949495AA3 27,389 12/13/2019 1.800 245,000.00 245,000.00 245,000.00 250,853.05 12/13/2022 531 205.40 0.59Wex Bk Midvale 0.25 6/30/2023 92937CKM9 34,697 6/30/2021 0.250 232,000.00 232,000.00 232,000.00 232,116.00 6/30/2023 730 0.00 0.56Sub Total / Average Certificate Of Deposit2.176 11,617,000.00 11,617,059.15 11,617,097.91 12,011,262.58 754 28,336.04 28.12FFCB 0.69 7/22/2025-21 3133ELX33 4/15/2021 0.750 600,000.00 598,488.00 598,561.71 598,980.00 7/22/2025 1,483 1,817.00 1.45FFCB 0.72 10/27/2026-21 3133EMES7 6/18/2021 1.000 500,000.00 492,715.00 492,759.67 493,305.00 10/27/2026 1,945 630.00 1.21FFCB 0.74 11/24/2026-21 3133EMHC9 4/14/2021 1.053 450,000.00 442,350.00 442,637.34 442,251.00 11/24/2026 1,973 333.00 1.09Sub Total / Average FFCB Bond0.919 1,550,000.00 1,533,553.00 1,533,958.72 1,534,536.00 1,774 2,780.00 3.75FHLB 0.9 7/28/2025-21 3130AM2X9 4/28/2021 0.900 500,000.00 500,000.00 500,000.00 500,015.00 7/28/2025 1,489 775.00 1.21FHLB 5.375 9/30/2022 3133XMFY2 6/18/2021 0.115 450,000.00 480,343.50 479,567.12 479,196.00 9/30/2022 457 6,046.88 1.09FHLB Step 12/15/2025-21 3130AKJ72 4/13/2021 0.894 500,000.00 497,500.00 497,614.24 497,250.00 12/15/2025 1,629 52.08 1.21Sub Total / Average FHLB Bond0.654 1,450,000.00 1,477,843.50 1,477,181.36 1,476,461.00 1,217 6,873.96 3.51FHLMC 0.5 12/9/2024 3134GWA71 9/9/2020 0.500 200,000.00 200,000.00 200,000.00 199,730.00 12/9/2024 1,258 58.33 0.48FHLMC 1.25 10/16/2026-21 3130ALW83 4/16/2021 1.250 500,000.00 500,000.00 500,000.00 500,165.00 10/16/2026 1,934 1,284.72 1.21Sub Total / Average FHLMC Bond1.036 700,000.00 700,000.00 700,000.00 699,895.00 1,741 1,343.05 1.69League of Minnesota Cities - 4M Fund LGIP LGIP5101M 11/30/2010 0.010 7,577,855.72 7,577,855.72 7,577,855.72 7,577,855.72 N/A 1 18.34League of Minnesota Cities - 4M Plus Fund LGIP LGIP5101MP 11/30/2010 0.030 4,483,813.61 4,483,813.61 4,483,813.61 4,483,813.61 N/A 1 10.85LMC 2021A LGIP LGIP52074M 6/23/2021 0.010 124,800.25 124,800.25 124,800.25 124,800.25 N/A 1 0.30Sub Total / Average Local Government Investment Pool0.017 12,186,469.58 12,186,469.58 12,186,469.58 12,186,469.58 1 0.00 29.50Allen Park MI Public Sch Dist 2 11/2/2024 018033HR4 7/30/2020 0.751 290,000.00 305,140.90 301,881.13 302,182.90 11/2/2024 1,221 950.56 0.70Armada Mich Area Schools Ref Bond 2.712 5/1/2022 042105MG8 8/29/2019 1.750 400,000.00 409,996.00 403,123.75 408,096.00 5/1/2022 305 1,777.87 0.97Canadian Cnty Okla Indpt Sch Dist 2 11/1/2024 135537-GT-9 11/7/2019 2.000 285,000.00 285,000.00 285,000.00 297,069.75 11/1/2024 1,220 934.17 0.69Central Cmnty Sch 2 3/1/2026 153135FJ2 3/4/2021 0.700 300,000.00 319,098.00 317,861.82 311,703.00 3/1/2026 1,705 1,933.33 0.73Columbus Ohio2.333 12/1/2022 199492-CT-4 8/26/2019 1.750 100,000.00 101,840.00 100,800.47 103,024.00 12/1/2022 519 187.94 0.24Columbus Ohio City Sch Dist 2.036 12/1/2022 199507-6K-5 10/17/2019 1.901 135,000.00 135,552.15 135,251.15 138,149.55 12/1/2022 519 221.410.33Edgewood Ohio City 5 12/1/2023 280455ET9 12/19/2019 2.101 215,000.00 238,512.40 229,403.99 236,992.35 12/1/2023 884 865.97 0.52El Paso TX ISD 0 8/15/2024 283770NS0 10/30/2020 0.700 500,000.00 486,925.00 489,219.03 486,865.00 8/15/2024 1,142 0.00 1.21Federal Way Wash2.2 12/1/2024 314031-HH-1 12/11/2019 2.150 475,000.00 476,111.50 475,764.65 493,938.25 12/1/2024 1,250 841.81 1.15Hempstead NY1.125 12/1/2021 424092HH0 12/1/2020 0.350 600,000.00 604,632.00 601,954.32 602,184.00 12/1/2021 154 3,918.75 1.45Hennepin Cnty 5 12/1/2025 425507BS8 12/4/2020 2.976 115,000.00 125,723.75 124,500.20 122,814.25 12/1/2025 1,615 463.19 0.28Indiana Bond Bank 3.326 7/15/2025 45462TER9 3/26/2021 0.900 240,000.00 264,516.00 263,018.84 261,820.80 7/15/2025 1,476 3,658.60 0.58Iowa Westn Comm2.8 6/1/2023 462612SE3 2/12/2018 2.800 195,000.00 195,000.00 195,000.00 201,269.25 6/1/2023 701 439.83 0.47Local Government Investment PoolMunicipal BondCity of Prior LakePortfolio HoldingsInvestment Portfolio - by Security TypeAs of 6/30/2021CashCertificate Of DepositFFCB BondFHLB BondFHLMC Bond
Description CUSIP/Ticker Transaction ID Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of PortfolioCity of Prior LakePortfolio HoldingsInvestment Portfolio - by Security TypeAs of 6/30/2021Liberty Center Ohio 0 11/1/2025 530336DV5 8/18/2020 1.051 215,000.00 203,589.95 205,486.62 203,600.70 11/1/2025 1,585 0.00 0.52Mankato Minn ISD 0.7 2/1/2025 563690RP3 10/22/2020 0.700 300,000.00 300,000.00 300,000.00 298,782.00 2/1/2025 1,312 1,446.67 0.73Maricopa Cnty Ariz 5 7/1/2022 567389UY5 3/19/2020 1.700 500,000.00 536,785.00 516,143.06 524,415.00 7/1/2022 366 12,430.56 1.21Massachusetts St 0.986 11/1/2026 57582RK96 6/30/2021 1.000 500,000.00 499,635.00 499,635.00 499,620.00 11/1/2026 1,950 807.97 1.21Massachusetts St Dev 2.785 5/1/2024 57584FEM8 12/20/2019 1.920 240,000.00 248,647.20 245,620.14 253,164.00 5/1/2024 1,036 1,095.43 0.58Medallion Bk Salt Lake City 3.4 12/7/2022 58404D-CX-7 12/7/2018 3.400 245,000.00 245,000.00 245,000.00 256,417.00 12/7/2022 525 532.19 0.59Monmouth OR Bds 2.9 4/1/2023 609694FZ2 1/30/2018 2.900 255,000.00 255,000.00 255,000.00 264,307.50 4/1/2023 640 1,828.21 0.62Monona Wis Ref 3 10/1/2022 610100XT1 9/18/2018 3.000 200,000.00 200,000.00 200,000.00 206,628.00 10/1/2022 458 1,483.33 0.48Nebraska State 3 12/15/2021 63968HE55 3/18/2020 1.651 370,000.00 378,532.20 372,250.25 374,636.10 12/15/2021 168 462.50 0.90Northwest Local Sch District Hamilton & Butler 667712CF8 11/15/2019 2.069 360,000.00 376,408.80 369,820.84 381,866.40 12/1/2023 884 942.50 0.87Northwest Local Sch District Hamilton & Butler 667712CG6 11/15/2019 2.169 370,000.00 389,010.60 382,893.79 398,275.40 12/1/2024 1,250 968.68 0.90Oak Creek WIS 4 10/1/2023 671137-YP-6 11/27/2018 3.402 280,000.00 287,434.00 283,458.55 301,932.40 10/1/2023 823 2,768.89 0.68Oklahoma Cnty Okla Metro 2.65 6/1/2024 67869T-AD-7 7/15/2019 2.286 500,000.00 508,255.00 504,940.04 528,085.00 6/1/2024 1,067 1,067.36 1.21Orono ME Taxable 5 11/1/2025 687085DR8 10/29/2020 1.000 330,000.00 394,287.30 385,710.97 387,152.70 11/1/2025 1,585 2,704.17 0.80Papio-Missouri Riv 4 12/15/2021 698874DQ4 3/18/2020 1.750 140,000.00 145,376.00 141,417.85 142,465.40 12/15/2021 168 233.33 0.34Pelican Rapids Minn 0.8 2/1/2025 705863HR2 12/17/2020 0.700 525,000.00 527,126.25 526,851.12 522,506.25 2/1/2025 1,312 2,251.67 1.27Rhode IS Infrastructure Bk 2.18 10/1/2023 7622F-DD-7 6/27/2019 2.151 435,000.00 435,522.00 435,275.92 451,403.85 10/1/2023 823 2,344.41 1.05Richfield Minn ISD 3 2/1/2024 763342SZ6 9/4/2020 0.570 200,000.00 216,380.00 212,446.17 210,134.00 2/1/2024 946 2,483.33 0.48Roanoke VA Taxable 2 2/1/2025 770078BD4 5/14/2020 1.250 300,000.00 310,266.00 307,812.64 314,253.00 2/1/2025 1,312 2,483.33 0.73South Lyon MI 2.69 5/1/2022 838736VU7 10/23/2017 2.250 250,000.00 254,702.50 250,868.72 254,825.00 5/1/2022 305 1,102.15 0.61St. Charles County MO Francis Howell School Distri 787642-4F-1 8/7/2019 2.531 200,000.00 209,956.00 204,656.84 204,830.00 3/1/2023 609 2,644.44 0.48Trussville AL 0.822 10/1/2025 898242ND0 8/25/2020 0.710 300,000.00 301,677.00 301,398.85 297,483.00 10/1/2025 1,554 609.65 0.73Univ of North Carolina NC 1.778 12/1/2021 914713N24 12/20/2019 1.800 200,000.00 199,914.00 199,981.40 201,338.00 12/1/2021 154 286.46 0.48Sub Total / Average Municipal Bond1.622 11,065,000.00 11,371,552.50 11,269,448.12 11,444,229.80 956 59,170.66 26.78Total / Average1.126 41,314,703.35 41,632,711.50 41,530,389.46 42,099,087.73 607 98,503.71 100
Change
from one
6/30/2020 9/30/2020 12/31/2020 3/31/2021 6/30/2021 year prior
Market Value 13,106,722 12,793,321 13,942,057 12,919,565 14,932,703 1,825,981
111110
0.06% 0.04% 0.03% 0.03% 0.01%‐0.05%
Fixed Income Assets
23,378,265 23,846,516 24,346,211 23,632,077 26,700,008 3,321,743
24,153,769 24,644,014 25,059,382 24,184,431 27,166,384 3,012,615
819 830 847 843 951 132
816 827 844 840 765 (51)
2.28% 2.18% 2.06% 2.00% 1.75%‐0.53%
Total Portfolio Value
36,484,987 36,639,837 38,288,268 36,551,642 41,632,711 5,147,724
37,260,491 37,437,335 39,001,439 37,103,996 42,099,087 4,838,596
98,112 129,719 99,282 132,453 98,504 392
775,504 797,498 713,171 552,353 466,376 (309,128)
523 538 537 543 607 84
521 536 535 541 489 (32)
1.49% 1.43% 1.32% 1.31% 1.13%‐0.36%
BENCHMARK
90 Day T‐Bill 0.16% 0.10% 0.09% 0.03% 0.05%‐0.11%
0.18% 0.11% 0.09% 0.05% 0.06%‐0.12%
0.16% 0.13% 0.10% 0.07% 0.07%‐0.09%
Weighted Average Yield
to Maturity @ Cost
6 Month Treasury
1 Year Treasury
Cost Value
Market Value
Accrued Interest
Unrealized Gain / Loss
WAM (1) in Days
WAM / Callable (1) in Days
Weighted Average Yield to
Maturity @ Cost
CITY OF PRIOR LAKE, MINNESOTA
Quarterly Investment Report
June 30, 2021
Local Government
Investment Pools /
Money Market
Quarterly
WAM (1) in Days
Weighted Average Yield to
Maturity
Cost Value
Market Value
WAM (1) in Days
WAM / Callable (1) in Days
City of Prior Lake ‐ Quarterly Investment Report
City of Prior Lake General Fund Summary - Comparison to Prior Year As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive (Negative) USED6/30/2020Positive (Negative)RevenuesTaxes 9,433,959 9,433,959 5,001,951 (4,432,008) 53% 4,589,426 412,525 Licenses and Permits795,551 795,551 559,261 (236,290) 70% 387,459 171,802 Intergovernmental 2,160,235 2,160,235 855,599 (1,304,636) 40% 610,765 244,834 Charges for Services1,800,172 1,800,172 1,053,250 (746,922) 59% 746,495 306,755 Fines and Forfeitures‐ ‐ 38 38 n/a 20 18 Interest (losses) on investments86,800 86,800 (45,009) (131,809) ‐52% 151,872 (196,881) Other154,000 154,000 95,506 (58,494) 62% 65,105 30,401 Transfers in 523,000 523,000 261,500 (261,500) 50% 235,000 26,500 Total Revenues14,953,717 14,953,717 7,782,096 (7,171,621) 52% 6,786,142 995,954 ExpendituresGeneral Government3,269,647 3,287,247 1,638,925 1,648,322 50% 1,608,454 (30,471) Public Safety7,154,410 7,273,514 2,968,703 4,304,811 41% 2,725,160 (243,543) Public Works 2,245,916 2,245,916 1,073,706 1,172,210 48% 854,120 (219,586) Culture and Recreation2,154,169 2,154,169 753,507 1,400,662 35% 683,088 (70,419) Transfer to other funds253,575 253,575 47,753 205,822 19% 201,958 154,205 Total Expenditures15,077,717 15,214,421 6,482,594 8,731,827 43% 6,072,780 (409,814) Net Change(124,000) (260,704) 1,299,502 713,362 COMPARATIVE
City of Prior Lake General Fund Revenues As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)Taxes101 31010.00 Current Property Taxes ‐ General Purpos 8,331,582 8,331,582 4,346,868 (3,984,714) 52% 4,035,321 311,547 101 31020.00 Delinquent Property Taxes ‐ General Purp‐ ‐ 51,295 51,295 n/a 19,499 31,796 101 31040.00 Fiscal Disparities 1,102,377 1,102,377 603,788 (498,589) 55% 534,606 69,182 Taxes9,433,959 9,433,959 5,001,951 (4,432,008) 53% 4,589,426 412,525 Licenses and Permits101 32100.00 Business Licenses 735 735 735 ‐ 100% 840 (105) 101 32110.00 Liquor Licenses 75,790 75,790 71,490 (4,300) 94% 3,690 67,800 101 32160.00 Refuse Haulers 4,500 4,500 5,335 835 119% 4,585 750 101 32175.00 Public Private Gathering Permit 720 720 480 (240) 67% 170 310 101 32180.00 Cigarette Licenses 2,040 2,040 1,785 (255) 88% 2,040 (255) 101 32190.00 Community Event Application‐ ‐ 3,300 3,300 n/a 100 3,200 101 32210.00 Building Permits 546,300 546,300 410,199 (136,101) 75% 309,207 100,992 101 32215.00 Mechanical Permits 87,300 87,300 29,251 (58,049) 34% 37,496 (8,245) 101 32230.00 Plumbing Permits 62,573 62,573 26,544 (36,029) 42% 22,474 4,070 101 32231.00 Sewer/Water Inspection 7,063 7,063 6,182 (881) 88% 3,817 2,365 101 32232.00 Plumbing Registrations 1,250 1,250 1,440 190 115% 420 1,020 101 32260.00 Burning Permits 4,000 4,000 2,520 3,000 63% 1,800 720 101 32270.00 Short‐term Rental Fee 3,280 3,280 ‐ (3,280) 0% 820 (820) Licenses and Permits 795,551 795,551 559,261 (236,290) 70% 387,459 171,802 Intergovernmental101 33160.11 Fed Aids/Grants ‐ Operating Police 10,500 10,500 ‐ (10,500) 0%‐ ‐ 101 33401.00 Local Government Aid 11,905 11,905 ‐ (11,905) 0%‐ ‐ 101 33416.01 State Aid ‐ Police Train 24,000 24,000 ‐ (24,000) 0%‐ ‐ 101 33416.02 State Police Aid‐Ins Prem 229,000 229,000 ‐ (229,000) 0%‐ ‐ 101 33417.00 State Aid ‐ Fire Training 15,000 15,000 14,490 (510) 97%‐ 14,490 101 33418.00 State Road & Bridge Aid 377,000 377,000 201,018 (175,982) 53% 209,398 (8,380) 101 33420.00 State Fire Aid‐Ins. Prem. 237,000 237,000 ‐ (237,000) 0% 1,000 (1,000) 101 33422.10 State Aids/Grants ‐ Operating Grants 65,000 65,000 23,244 (41,756) 36% 11,485 11,759 102 33422.11 State Aids/Grants ‐ Operating Police 4,200 4,200 ‐ (4,200) 0%‐ ‐ 101 33610.11 County Aids/Grants ‐ Operating Grants‐ ‐ 500 500 n/a‐ 500 101 33610.11 County Aids/Grants ‐ Operating Police‐ ‐ 1,509 1,509 n/a‐ 1,509 101 33620.00 Township Fire & Resc Aid 430,540 430,540 214,838 (215,702) 50% 182,882 31,956 101 33621.00 Liaison Aid 56,090 56,090 ‐ (56,090) 0%‐ ‐ 101 33631.00 Payment in Lieu of Taxes 700,000 700,000 400,000 (300,000) 57% 200,000 200,000 101 33700.11 Miscellaneous Grants ‐ Operating Police‐ ‐ ‐ ‐ n/a 6,000 (6,000) Intergovernmental 2,160,235 2,160,235 855,599 (1,304,636) 40% 610,765 244,834 COMPARATIVE
City of Prior Lake General Fund Revenues As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)COMPARATIVECharges for Services101 31810.00 Franchise Taxes 637,000 637,000 175,283 (461,717) 28% 161,603 13,680 101 34103.00 Zoning & Subdivision Fees 30,000 30,000 21,008 (8,992) 70% 12,054 8,954 101 34104.00 Plan Check Fees 300,424 300,424 200,678 (99,746) 67% 156,816 43,862 101 34105.00 Sale of Maps/Publications ‐ Reports 500 500 190 (310) 38% 285 (95) 101 34107.00 Assessment Searches ‐ Reports 500 500 300 (200) 60% 600 (300) 101 34109.00 Project Admin/Eng Fees 122,000 122,000 71,944 (50,056) 59% 35,802 36,142 101 34203.00 Accident/Warrant Reports ‐ Reports 300 300 40 (260) 13% 5 35 101 34731.00 Adult League Fees 10,000 10,000 4,927 (5,073) 49% 210 4,717 101 34735.00 Recreation Program Fees 43,000 43,000 72,276 29,276 168% 270 72,006 101 34735.01 Recreation Program Fees Regular 9,000 9,000 3,425 (5,575) 38% 5,229 (1,804) 101 34760.01 Facility Rental ‐ Regular 37,349 37,349 16,832 (20,517) 45% 15,925 907 101 34761.00 Studio/Pavilion Rental 24,000 24,000 19,549 (4,451) 81% 8,758 10,791 101 34762.00 Park Shelter Rental 83,200 83,200 84,080 880 101% 74,600 9,480 101 34765.01 Tower Leases 306,324 306,324 330,132 23,808 108% 246,266 83,866 101 34780.00 Park Admission Fees 30,000 30,000 25 (29,975) 0% (15) 40 101 34783.00 City Contract Services 166,575 166,575 52,561 (114,014) 32% 29,426 23,135 101 36220.16 Prof Services Fee Deposit Bldg Inspectio‐ ‐ ‐ ‐ n/a (1,339) 1,339 Charges for Services 1,800,172 1,800,172 1,053,250 (746,922) 59% 746,495 306,755 Fines and Forfeitures101 35104.00 Prosecution Restitution‐ ‐ 38 38 n/a 20 18 Fines and Forfeitures‐ ‐ 38 38 n/a 20 18 Interest (losses) on investments101 36210.00 Interest Earnings 86,800 86,800 71,941 (14,859) 83% 73,060 (1,119) 101 36215.00 Amortization ‐ Premium/Discount‐ ‐ (42,964) (42,964) n/a (28,689) (14,275) 101 36225.00 Unrealized Inv.Gain(Loss)‐ ‐ (73,986) (73,986) n/a 107,501 (181,487) Interest (losses) on investments 86,800 86,800 (45,009) (131,809) ‐52% 151,872 (196,881) Other Miscellaneous Revenues101 36102.00 County Assess. Collection‐ ‐ 6,750 6,750 n/a 1,132 5,618 101 36211.00 Developer Agreements 130,000 130,000 18,500 (111,500) 14% 11,015 7,485 101 36212.00 Miscellaneous Revenue 24,000 24,000 26,682 2,682 111% 42,707 (16,025) 101 36230.00 Contributions & Donations‐ ‐ 17,975 17,975 n/a 9,315 8,660 101 39102.00 Sale of Property‐ ‐ 25,599 25,599 n/a 936 24,663 Other Miscellaneous Revenues 154,000 154,000 95,506 (58,494) 62% 65,105 30,401 Other financing sources101 39203.00 Transfer from Other Funds 523,000 523,000 261,500 (261,500) 50% 235,000 26,500 Other financing sources 523,000 523,000 261,500 (261,500) 50% 235,000 26,500 Total Revenues14,953,717 14,953,717 7,782,096 (7,171,621) 52% 6,786,142 995,954
City of Prior Lake General Fund Expenditures As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGTActual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)Function: General Government41110.00 MAYOR & COUNCIL74,934 74,934 34,800 40,134 46% 32,877 (1,923) 41130.00 ORDINANCE 6,000 6,000 2,435 3,565 41% 2,693 258 41320.00 ADMINISTRATION 270,152 270,152 128,749 141,403 48% 203,362 74,613 41330.00 BOARDS & COMMISSIONS11,365 11,365 3,306 8,059 29% 1,988 (1,318) 41400.00 CITY CLERK 122,272 122,272 52,025 70,247 43% 51,439 (586) 41410.00 ELECTIONS 7,000 7,000 157 6,843 2% 11,633 11,476 41520.00 FINANCE 565,250 565,250 241,927 323,323 43% 195,131 (46,796) 41540.00 INTERNAL AUDITING 41,200 41,200 36,933 4,267 90% 31,184 (5,749) 41550.00 ASSESSING 224,260 224,260 220,600 3,660 98% 214,200 (6,400) 41610.00 LEGAL 180,000 180,000 82,370 97,630 46% 102,660 20,290 41820.00 HUMAN RESOURCES 316,074 333,674 146,829 186,845 44% 82,779 (64,050) 41830.00 COMMUNICATIONS 162,070 162,070 71,033 91,037 44% 66,051 (4,982) 41910.00 COMMUNITY DEVELOPMENT379,924 379,924 138,201 241,723 36% 129,684 (8,517) 41920.00 INFORMATION TECHNOLOGY 385,116 385,116 211,664 173,452 55% 258,100 46,436 41940.00 FACILITIES ‐ CITY HALL 524,030 524,030 267,896 256,134 51% 224,673 (43,223) Total ‐ Function General Government 3,269,647 3,287,247 1,638,925 1,648,322 50% 1,608,454 (30,471) Function: Public Safety42100.00 POLICE 5,303,369 5,422,473 2,285,633 3,136,840 42% 2,120,136 (165,497) 42200.00 FIRE 1,076,350 1,076,350 368,417 707,933 34% 310,182 (58,235) 42400.00 BUILDING INSPECTION 730,801 730,801 300,261 430,540 41% 272,458 (27,803) 42500.00 EMERGENCY MANAGEMENT15,090 15,090 2,392 12,698 16% 9,989 7,597 42700.00 ANIMAL CONTROL28,800 28,800 12,000 16,800 42% 12,395 395 Total ‐ Function Public Safety 7,154,410 7,273,514 2,968,703 4,304,811 41% 2,725,160 (243,543) Function: Public Works43050.00 ENGINEERING 389,105 389,105 194,669 194,436 50% 156,173 (38,496) 43100.00 STREET 1,365,438 1,365,438 672,663 692,775 49% 475,980 (196,683) 43400.00 CENTRAL GARAGE 491,373 491,373 206,374 284,999 42% 221,967 15,593 Total ‐ Function Public Works 2,245,916 2,245,916 1,073,706 1,172,210 48% 854,120 (219,586) Function: Culture and Recreation45100.00 RECREATION 481,813 481,813 167,083 314,730 35% 142,834 (24,249) 45200.00 PARKS 1,604,132 1,604,132 557,576 1,046,556 35% 512,942 (44,634) 45500.00 LIBRARIES 68,224 68,224 28,848 39,376 42% 27,312 (1,536) Total ‐ Function Culture and Recreation 2,154,169 2,154,169 753,507 1,400,662 35% 683,088 (70,419) 00000.00 Transfer to Other Funds 253,575 253,575 47,753 205,822 19% 201,958 154,205 Total Expenditures15,077,717 15,214,421 6,482,594 8,731,827 43% 6,072,780 (409,814) COMPARATIVE
City of Prior LakeExpenditures- Personal Services Category Only (Payroll/Taxes/Benefits) As of 6/30/2021(Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)GENERAL FUNDFunction: General Government41110.00 MAYOR & COUNCIL 66,234 66,234 31,054 35,180 47% 29,820 (1,234) 41320.00 ADMINISTRATION 197,222 197,222 93,798 103,424 48% 170,361 76,563 41330.00 BOARDS & COMMISSIONS 10,765 10,765 3,307 7,458 31% 1,938 (1,369) 41400.00 CITY CLERK FUNCTIONS 120,422 120,422 51,825 68,597 43% 50,109 (1,716) 41410.00 ELECTIONS 3,500 3,500 137 3,363 4% 7,677 7,540 41520.00 FINANCE 537,955 537,955 233,730 304,225 43% 184,470 (49,260) 41820.00 HUMAN RESOURCES 271,624 271,624 117,208 154,416 43% 70,711 (46,497) 41830.00 COMMUNICATIONS 128,054 128,054 49,718 78,336 39% 48,162 (1,556) 41910.00 COMMUNITY DEVELOPMENT 317,724 317,724 134,448 183,276 42% 126,068 (8,380) 41920.00 INFORMATION TECHNOLOGY 225,935 225,935 96,167 129,768 43% 68,488 (27,679) 41940.00 FACILITIES ‐ CITY HALL 91,018 91,018 25,956 65,062 29% 34,408 8,452 Total ‐ Function General Government 1,970,453 1,970,453 837,348 1,133,105 42% 792,212 (45,136) Function: Public Safety42100.00 POLICE 4,736,215 4,822,965 2,002,551 2,820,414 42% 1,888,453 (114,098) 42200.00 FIRE 760,123 760,123 230,297 529,826 30% 218,177 (12,120) 42400.00 BUILDING INSPECTION 679,565 679,565 287,973 391,592 42% 266,959 (21,014) Total ‐ Function Public Safety 6,175,903 6,262,653 2,520,821 3,741,832 40% 2,373,589 (147,232) Function: Public Works43050.00 ENGINEERING 350,041 350,041 145,142 204,899 41% 139,375 (5,767) 43100.00 STREET 503,876 503,876 215,323 288,553 43% 201,362 (13,961) 43400.00 CENTRAL GARAGE 247,198 247,198 100,699 146,499 41% 101,706 1,007 Total ‐ Function Public Works 1,101,115 1,101,115 461,164 639,951 42% 442,443 (18,721) Function: Culture and Recreation45100.00 RECREATION 360,011 360,011 113,027 246,984 31% 113,190 163 45200.00 PARKS 1,081,258 1,081,258 390,140 691,118 36% 394,650 4,510 Total ‐ Function Culture and Recreation 1,441,269 1,441,269 503,167 938,102 35% 507,840 4,673 General Fund Payroll Only Expenditures Total 10,688,740 10,775,490 4,322,500 6,452,990 40% 4,116,084 (206,416) EDA FUNDFunction: Economic Development 46500.00 ECONOMIC DEVELOPMENT 135,544 135,544 62,789 72,755 46% 65,480 2,691 EDA Fund Payroll Only Expenditures Total 135,544 135,544 62,789 72,755 46% 65,480 2,691 COMPARATIVE
City of Prior LakeExpenditures- Personal Services Category Only (Payroll/Taxes/Benefits) As of 6/30/2021(Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)COMPARATIVEWATER FUNDFunction: Water41520.00 Finance 76,881 76,881 32,978 43,903 43% 32,521 (457) 49400.00 Water 749,281 749,281 319,934 429,347 43% 313,757 (6,177) Water Fund Payroll Only Expenditures Total 826,162 826,162 352,912 473,250 43% 346,278 (6,634) SEWER FUNDFunction: Sewer41520.00 Finance 76,881 76,881 32,973 43,908 43% 32,582 (391) 49450.00 Sewer 731,502 731,502 320,468 411,034 44% 338,026 17,558 Sewer Fund Payroll Only Expenditures Total 808,383 808,383 353,441 454,942 44% 370,608 17,167 STORM WATER FUNDFunction: Storm Water49420.00 Water Quality 366,879 366,879 145,814 221,065 40% 147,320 1,506 Storm Water Fund Payroll Only Expenditures Total 366,879 366,879 145,814 221,065 40% 147,320 1,506 City‐Wide Total Payroll Expenditures 12,825,708 12,912,458 5,237,456 7,675,002 41% 5,045,770 (191,686)
City of Prior Lake Debt Service Funds As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)RevenuesProperty TaxesCurrent Property Taxes 3,121,498 3,121,498 1,647,105 (1,474,393) 53% 1,695,378 (48,273) Special AssessmentsCity Assess. Collections‐ ‐ 65,862 65,862 n/a 45,717 20,145 County Assess. Collection 446,370 446,370 221,181 (225,189) 50% 231,045 (9,864) Interest (losses) on investmentsInterest Earnings 46,406 46,406 23,194 (23,212) 50% 34,110 (10,916) Unrealized Inv.Gain(Loss)‐ ‐ (23,481) (23,481) n/a 52,519 (76,000) Other Financing SourcesTransfer from Other Funds 1,206,925 1,206,925 136,678 (1,070,247) 11% 147,004 (10,326) Total Revenues4,821,199 4,821,199 2,070,539 (2,750,660) 43% 2,205,773 (135,234) ExpendituresDebt ServicePrincipal 4,274,858 4,274,858 136,705 4,138,153 3% 133,854 (2,851) Interest and Other 965,899 965,899 483,664 482,235 50% 583,853 100,189 Bond Issuance Costs 2,870 2,870 990 1,880 34% 1,990 1,000 Transfers to Other Funds 75,000 75,000 ‐ 75,000 0%‐ ‐ Total Expenditures5,318,627 5,318,627 621,359 4,697,268 12% 719,697 98,338 Net Change(497,428) (497,428) 1,449,180 1,486,076 COMPARATIVE
City of Prior Lake Cable Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)RevenuesCharges for Services210‐41340.00‐34304.00PEG Access Fees 28,000 28,000 6,206 (21,794) 22% 6,758 (552) Interest (losses) on investments210‐41340.00‐36210.00Interest Earnings‐ ‐ 747 747 n/a 766 (19) 210‐41340.00‐36225.00Unrealized Inv. Gain (Loss)‐ ‐ (722) (722) n/a 1,254 (1,976) Total Revenues28,000 28,000 6,231 (21,769) 22% 8,778 (2,547) ExpendituresCurrent Expenditures210‐41340.00‐52400.20Small Equipment ‐ Technology‐ ‐ 1,407 (1,407) n/a 296 (1,111) 210‐41340.00‐53210.00Telecommunications‐ ‐ ‐ ‐ n/a 4,427 4,427 Capital Outlay210‐41340.00‐55570.00Machinery and Equipment‐ ‐ 3,641 (3,641) n/a 5,643 2,002 Total Expenditures‐ ‐ 5,048 (5,048) n/a 10,366 5,318 Net Change28,000 28,000 1,183 (1,588) COMPARATIVE
City of Prior Lake Capital Park Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGTActual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)RevenuesCharges for Services225‐45200.00‐34760.01 Facility Rental ‐ Regular 24,000 24,000 12,000 (12,000) 50% 12,000 ‐ 225‐45200.00‐34791.00 Dedication Fees 431,000 431,000 22,752 (408,248) 5% 8,320 14,432 Charges for Services 455,000 455,000 34,752 (420,248) 8% 20,320 14,432 Interest (losses) on investments225‐00000.00‐36210.00 Interest Earnings 22,700 22,700 12,347 (10,353) 54% 18,761 (6,414) 225‐00000.00‐36225.00 Unrealized Inv.Gain(Loss)‐ ‐ (12,007) (12,007) n/a 31,269 (43,276) Interest (losses) on investments 22,700 22,700 340 (22,360) 1% 50,030 (49,690) Contributions and donations225‐00000.00‐36230.00 Contributions & Donations 18,597 18,597 25,031 6,434 135% 1,725 23,306 Contributions and donations 18,597 18,597 25,031 6,434 135% 1,725 23,306 Total Revenues496,297 496,297 60,123 (436,174) 12% 72,075 (11,952) Expenditures54320.00 Miscellaneous‐ ‐ 130 (130) n/a‐ (130) 53100.80 Professional Services‐General‐ ‐ 5,986 (5,986) n/a 10,786 4,800 55010.00 Projects ‐ Contract Vouchers‐ ‐ 164,490 (164,490) n/a‐ (164,490) 55020.00 Projects ‐ Engineering‐ ‐ 82,459 (82,459) n/a 5,509 (76,950) 55530.00 Infrastructure 956,000 956,000 1,584 954,416 0% 1,361 (223) Total Expenditures956,000 956,000 254,649 701,351 27% 17,656 (236,993) Net Change(459,703) (459,703) (194,526) 54,419 COMPARATIVE
City of Prior Lake Revolving Equipment Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)RevenuesTaxes410‐00000.00‐31010.00 Current Property Taxes 650,000 650,000 440,631 (209,369) 68% 319,455 121,176 410‐00000.00‐31015.00 Current Property Taxes ‐ Debt Service 185,000 185,000 ‐ (185,000) 0%‐ ‐ Taxes835,000 835,000 440,631 (394,369) 53% 319,455 121,176 Interest (losses) on investments410‐00000.00‐36210.00 Interest Earnings 9,600 9,600 4,331 (5,269) 45% 7,281 (2,950) 410‐00000.00‐36225.00 Unrealized Inv.Gain(Loss)‐ ‐ (4,441) (4,441) n/a 10,392 (14,833) Interest (losses) on investments 9,600 9,600 (110) (9,710) ‐1% 17,673 (17,783) Sale of assets410‐00000.00‐39102.00 Sale of Property‐ ‐ 70,925 70,925 n/a 49,088 21,837 Sale of assets‐ ‐ 70,925 70,925 n/a 49,088 21,837 Transfers in410‐00000.00‐39203.00 Transfer from Other Funds 310,000 310,000 155,000 (155,000) 50% 90,000 65,000 Transfers in310,000 310,000 155,000 (155,000) 50% 90,000 65,000 OTHER FINANCING SOURCESDebt Issued410‐00000.00‐39310.00 G.O. Bond Proceeds 555,000 555,000 ‐ (555,000) 0%‐ ‐ 555,000 555,000 ‐ (555,000) 0%‐ ‐ Total Revenues1,709,600 1,709,600 666,446 (1,043,154) 39% 476,216 190,230 COMPARATIVE
City of Prior Lake Revolving Equipment Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)COMPARATIVEExpendituresPublic SafetyPolice410‐42100.00‐55550.00 Vehicles 212,000 251,933 51,243 200,690 20% 88,136 36,893 410‐42100.00‐55570.00 Machinery & Equipment 38,900 38,900 25,965 12,935 67% 25,580 (385) Fire410‐42200.00‐55550.00 Vehicles 740,000 740,000 24,615 715,385 3%‐ (24,615) 410‐42200.00‐55570.00 Machinery & Equipment 52,000 52,000 ‐ 52,000 0% 48,715 48,715 Building Inspection410‐42400.00‐55550.00 Vehicles 35,000 35,000 ‐ ‐ 0%‐ ‐ Total Public Safety 1,077,900 1,117,833 101,823 981,010 9% 162,431 60,608 Public WorksStreet410‐43100.00‐55550.00 Vehicles 251,600 251,600 207,140 44,460 82% 234,603 27,463 410‐43100.00‐55570.00 Machinery & Equipment 38,000 38,000 4,400 33,600 12%‐ (4,400) Central Garage410‐43400.00‐55550.00 Vehicles 20,000 20,000 19,937 63 100%‐ (19,937) Total Public Works 309,600 309,600 231,477 78,123 75% 234,603 3,126 Culture and Recreation/Parks410‐45200.00‐55550.00 Vehicles‐ ‐ 221,521 (221,521) n/a‐ (221,521) 410‐45200.00‐55570.00 Machinery and Equipment 262,500 262,500 63,970 198,530 24% 63,384 (586) Total Culture & Recreation 262,500 262,500 285,491 (22,991) 109% 63,384 (222,107) Water410‐49400.00‐55550.00 Vehicles 83,000 83,000 37,778 45,222 46%‐ (37,778) Sewer410‐49450.00‐55550.00 Vehicles 83,000 83,000 37,778 45,222 46%‐ (37,778) Total Utility 166,000 166,000 75,556 90,444 46%‐ (75,556) Total Expenditures1,816,000 1,855,933 694,347 1,126,586 37% 460,418 (233,929) Net Change(106,400) (146,333) (27,901) 15,798
City of Prior Lake Revolving Park Equipment Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGTActual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)RevenuesTaxes430‐00000.00‐31010.00 Current Property Taxes 375,000 375,000 198,250 (176,750) 53% 162,872 35,378 Taxes375,000 375,000 198,250 (176,750) 53% 162,872 35,378 Interest (losses) on investments430‐00000.00‐36210.00 Interest Earnings 10,500 10,500 9,573 (927) 91% 9,718 (145) 430‐00000.00‐36225.00 Unrealized Inv.Gain(Loss)‐ ‐ (9,411) (9,411) n/a 15,659 (25,070) Interest (losses) on investments 10,500 10,500 162 (10,338) 2% 25,377 (25,215) Total Revenues385,500 385,500 198,412 (187,088) 51% 188,249 10,163 ExpendituresCulture and Recreation/Parks430‐45200.00‐55020.00 Projects ‐ Engineering‐ ‐ 10,359 (10,359) n/a‐ (10,359) 430‐45200.00‐55530.00 Infrastructure 525,000 525,000 1,800 523,200 0% 17,900 16,100 Total Culture & Recreation 525,000 525,000 12,159 512,841 2% 17,900 5,741 Total Expenditures525,000 525,000 12,159 512,841 2% 17,900 5,741 Net Change(139,500) (139,500) 186,253 170,349 COMPARATIVE
City of Prior Lake Facilities Management Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)RevenuesTaxes440‐00000.00‐31010.00 Current Property Taxes80,000 80,000 42,094 (37,906) 53% 15,092 27,002 Taxes80,000 80,000 42,094 (37,906) 53% 15,092 27,002 Interest (losses) on investments440‐00000.00‐36210.00 Interest Earnings 5,800 5,800 4,019 (1,781) 69% 5,129 (1,110) 440‐00000.00‐36225.00 Unrealized Inv.Gain(Loss)‐ ‐ (3,904) (3,904) n/a 8,363 (12,267) Interest (losses) on investments5,800 5,800 115 (5,685) 2% 13,492 (13,377) Transfers in440‐00000.00‐39203.00 Transfer from Other Funds 130,000 130,000 65,000 (65,000) 50% 49,500 15,500 Transfers in130,000 130,000 65,000 (65,000) 50% 49,500 15,500 Total Revenues215,800 215,800 107,209 (108,591) 50% 78,084 29,125 ExpendituresFunction: General Government41940‐55050.00 Projects Professional Svcs‐ FACILITIES ‐ CITY HALL‐ ‐ 10,979 (10,979) n/a 10,660 (319) 41940‐55520.00 Building & Building Improvements‐FACILITIES ‐ CITY HAL240,000 240,000 15,050 224,950 6%‐ (15,050) Total ‐ Function General Government240,000 240,000 26,029 213,971 11% 10,660 (15,369) Function: Public Safety42100‐55520.00 Building & Building Improvements‐POLICE 22,500 22,500 ‐ 22,500 0%‐ ‐ 42200‐55520.00 Building & Building Improvements‐FIRE 120,000 120,000 15,985 104,015 13%‐ (15,985) Total ‐ Function Public Safety142,500 142,500 15,985 126,515 11%‐ (15,985) Function: Public Works43400.00 CENTRAL GARAGE 50,100 50,100 ‐ 50,100 0%‐ ‐ Total ‐ Function Public Works50,100 50,100 ‐ 50,100 0%‐ ‐ Function: Culture and Recreation45500.00 LIBRARIES 15,000 15,000 ‐ 15,000 0%‐ ‐ Total ‐ Function Culture and Recreation15,000 15,000 ‐ 15,000 0%‐ ‐ Total Expenditures447,600 447,600 42,014 405,586 9% 10,660 (31,354) Net Change(231,800) (231,800) 65,195 67,424 COMPARATIVE
City of Prior Lake Permanent Improvement Revolving Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGTActual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)RevenuesTaxes450‐00000.00‐31010.00 Property Taxes ‐ General Purpose 120,000 120,000 63,141 (56,859) 53% 40,875 22,266 Taxes120,000 120,000 63,141 (56,859) 53% 40,875 22,266 Special Assessments450‐00000.00‐36101.00 City Assess. Collections 173,000 173,000 10,580 (162,420) 6% 14,626 (4,046) 450‐00000.00‐36102.00 County Assess. Collection‐ ‐ 67,155 67,155 n/a 73,582 (6,427) 173,000 173,000 77,735 (95,265) 45% 88,208 (10,473) Interest (losses) on investments450‐00000.00‐36210.00 Interest Earnings 7,800 7,800 2,839 (4,961) 36% 8,194 (5,355) 450‐00000.00‐36225.00 Unrealized Inv.Gain(Loss)‐ ‐ (2,832) (2,832) n/a 13,221 (16,053) Interest (losses) on investments 7,800 7,800 7 (7,793) 0% 21,415 (21,408) Transfers in450‐00000.00‐39203.00 Transfer from Other Funds‐ ‐ ‐ ‐ n/a 257,935 (257,935) Transfers in‐ ‐ ‐ ‐ n/a 257,935 (257,935) Total Revenues300,800 300,800 140,883 (159,917) 47% 408,433 (267,550) ExpendituresFunction: Public Works450‐43100.00‐55530.00 Infrastructure‐ ‐ ‐ ‐ n/a 590,277 590,277 Total ‐ Function Public Works‐ ‐ ‐ ‐ n/a 590,277 590,277 OTHER FINANCING USESTransfers out450‐80000.00‐59203.00 Transfers to Other Funds 287,150 287,150 16,075 271,075 6% 29,633 13,558 Total Expenditures287,150 287,150 16,075 271,075 6% 619,910 603,835 Net Change13,650 13,650 124,808 (211,477) COMPARATIVE
City of Prior Lake Water Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)RevenuesOperating RevenueWater Charges601‐49400.00‐37100.00 Utility Receipts ‐ Water 3,146,749 3,146,749 909,308 (2,237,441) 29% 1,175,824 (266,516) 601‐49400.00‐37160.00 Penalties 20,000 20,000 7,773 (12,227) 39% 2,957 4,816 3,166,749 3,166,749 917,081 (2,249,668) 29% 1,178,781 (261,700) Capital Facility charges601‐49400.00‐37110.00 Utility Base Fee Revenue 1,140,200 1,140,200 478,315 (661,885) 42% 106,440 371,875 1,140,200 1,140,200 478,315 (661,885) 42% 106,440 371,875 Meter Sales601‐49400.00‐37170.00 Water Meter Sales 79,825 79,825 50,543 (29,282) 63% 41,466 9,077 601‐49400.00‐37175.00 Pressure Reducers 25,000 25,000 12,003 (12,997) 48% 8,429 3,574 104,825 104,825 62,546 (42,279) 60% 49,895 12,651 Total Operating Revenue4,411,774 4,411,774 1,457,942 (2,953,832) 33% 1,335,116 122,826 Non‐Operating RevenueIntergovernmental601‐00000.00‐33422.15 State Aids/Grants ‐ Operating Public Wor‐ ‐ 133 133 n/a‐ 133 ‐ ‐ 133 133 n/a‐ 133 Interest (losses) on investments601‐00000.00‐36210.00 Interest Earnings 54,775 54,775 43,716 (11,059) 80% 50,227 (6,511) 601‐00000.00‐36225.00 Unrealized Inv.Gain(Loss)‐ ‐ (42,312) (42,312) n/a 84,348 (126,660) 54,775 54,775 1,404 (53,371) 3% 134,575 (133,171) Miscellaneous Revenues601‐00000.00‐36212.00 Miscellaneous Revenue‐ ‐ 826 826 n/a 330 496 601‐00000.00‐36102.00 County Assess Collection‐ ‐ 37,305 37,305 n/a 47,338 (10,033) 601‐49400.00‐37190.00 Miscellaneous Revenue Adj‐ ‐ (42) (42) n/a 1 (43) ‐ ‐ 38,089 38,089 ‐ 47,669 (9,580) Total Non‐Operating Revenue54,775 54,775 39,626 (15,149) 72% 182,244 (142,618) Total Revenues4,466,549 4,466,549 1,497,568 (2,968,981) 34% 1,517,360 (19,792) COMPARATIVE
City of Prior Lake Water Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)COMPARATIVETotal ExpendituresPersonnel and current expenditures (excluding depreciation)41520.00 Finance 108,246 108,246 42,219 66,027 39% 44,868 2,649 49400.00 Water 2,041,449 2,041,449 910,022 1,131,427 45% 785,792 (124,230) 2,149,695 2,149,695 952,241 1,197,454 44% 830,660 (121,581) Principal49400.00 Water 120,000 120,000 ‐ 120,000 0%‐ ‐ 120,000 120,000 ‐ 120,000 0%‐ ‐ Interest & other49400.00 Water 49,650 49,650 24,825 24,825 50% 27,225 2,400 49,650 49,650 24,825 24,825 50% 27,225 2,400 Capital improvements55530.00 Infrastructure 1,917,500 1,917,500 86,906 1,830,594 5%‐ (86,906) 55570.00 Machinery and equipment 150,750 150,750 ‐ 150,750 0%‐ ‐ 55580.00 Software 28,500 28,500 ‐ 28,500 0% 13,510 13,510 2,096,750 2,096,750 86,906 2,009,844 4% 13,510 (73,396) Total Expenditures4,416,095 4,416,095 1,063,972 3,352,123 871,395 (192,577) 0.0%Other Financing Uses59203.00 Transfers to other funds 1,035,700 1,035,700 307,850 727,850 261,217 (46,633) Total Other Financing Uses1,035,700 1,035,700 307,850 727,850 261,217 (46,633) Total Revenues/ Other Financing Sources4,466,549 4,466,549 1,497,568 (2,968,981) 34% 1,517,360 (19,792) Total Expenditures/Other Financing Uses5,451,795 5,451,795 1,371,822 4,079,973 25% 1,132,612 (239,210) Net Change (985,246) (985,246) 125,746 1,110,992 384,748 219,418
City of Prior Lake Sewer Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)RevenuesSewer Charges604‐49450.00‐37102.00 Utility Receipts ‐ Sewer 1,717,840 1,717,840 462,404 (1,255,436) 27% 682,425 (220,021) 604‐49450.00‐37104.00 Utility Recpt‐Sewer MCES 1,625,587 1,625,587 845,616 (779,971) 52% 838,449 7,167 604‐49450.00‐37160.00 Penalties 20,000 20,000 11,697 (8,303) 58% 3,970 7,727 3,363,427 3,363,427 1,319,717 (2,043,710) 39% 1,524,844 (205,127) Capital Facility charges604‐49450.00‐37110.00 Utility Base Fee Revenue 953,615 953,615 419,823 (533,792) 44% 106,444 313,379 953,615 953,615 419,823 (533,792) 44% 106,444 313,379 Total Operating Revenue4,317,042 4,317,042 1,739,540 (2,577,502) 40% 1,631,288 108,252 Non‐Operating RevenueInterest (losses) on investments604‐00000.00‐36210.00 Interest Earnings 19,800 19,800 21,438 1,638 108% 20,127 1,311 604‐00000.00‐36225.00 Unrealized Inv.Gain(Loss)‐ ‐ (21,013) (21,013) n/a 33,325 (54,338) 19,800 19,800 425 (19,375) 2% 53,452 (53,027) Total Non‐Operating Revenue19,800 19,800 425 (19,375) 2% 53,452 (53,027) Total Revenue4,336,842 4,336,842 1,739,965 (2,596,877) 40% 1,684,740 55,225 COMPARATIVE
City of Prior Lake Sewer Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)COMPARATIVETotal ExpendituresPersonnel and current expenditures (excluding depreciation)41520.00 Finance 107,721 107,721 42,214 65,507 39% 44,918 2,704 49450.00 Sewer 2,681,274 2,681,274 1,266,789 1,414,485 47% 1,281,956 15,167 2,788,995 2,788,995 1,309,003 1,479,992 47% 1,326,874 17,871 Principal49450.00 Sewer 120,000 120,000 ‐ 120,000 0%‐ ‐ 120,000 120,000 ‐ 120,000 0%‐ ‐ Interest & other49450.00 Sewer 49,650 49,650 24,825 24,825 50% 27,225 2,400 49,650 49,650 24,825 24,825 50% 27,225 2,400 Capital improvements55530.00 Infrastructure 736,500 736,500 ‐ 736,500 0%‐ ‐ 55570.00 Machinery and equipment 90,250 90,250 ‐ 90,250 0%‐ ‐ 55580.00 Software 28,500 28,500 ‐ 28,500 0% 12,118 12,118 855,250 855,250 ‐ 855,250 0% 12,118 12,118 Total Expenditures3,813,895 3,813,895 1,333,828 2,480,067 1,366,217 32,389 Other Financing Uses59203.00 Transfers to other funds 366,000 366,000 183,000 183,000 50% 147,055 (35,945) Total Other Financing Uses366,000 366,000 183,000 183,000 50% 147,055 (35,945) Total Revenues/ Other Financing Sources4,336,842 4,336,842 1,739,965 (2,596,877) 40% 1,684,740 55,225 Total Expenditures/Other Financing Uses4,179,895 4,179,895 1,516,828 2,663,067 36% 1,513,272 (3,556) Net Change156,947 156,947 223,137 66,190 171,468 58,781
City of Prior Lake Water Quality Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)RevenuesStorm Water Charges602‐49420.00‐37120.00 Storm Water Revenue 1,186,699 1,186,699 464,190 (722,509) 39% 452,200 11,990 602‐49420.00‐32250.00 Wetland Application Fee‐ ‐ 450 450 n/a 450 ‐ 1,186,699 1,186,699 464,640 (722,059) 39% 452,650 11,990 Water Charges602‐49420.00‐37160.00 Penalties 4,000 4,000 1,858 (2,142) 46% 676 1,182 4,000 4,000 1,858 (2,142) 46% 676 1,182 Total Operating Revenue1,190,699 1,190,699 466,498 (724,201) 39% 453,326 13,172 Non‐Operating RevenueIntergovernmental602‐00000.00‐33422.10 State Aids/Grants‐ ‐ 27,000 27,000 n/a‐ 27,000 602‐49420.00‐33610.20 County‐City Aids/Grants‐ ‐ 6,300 6,300 n/a‐ 6,300 ‐ ‐ 33,300 33,300 n/a‐ 33,300 Interest (losses) on investments602‐00000.00‐36210.00 Interest Earnings 14,500 14,500 15,649 1,149 108% 15,947 (298) 602‐00000.00‐36225.00 Unrealized Inv.Gain(Loss)‐ ‐ (15,171) (15,171) n/a 26,578 (41,749) 14,500 14,500 478 (14,022) 3% 42,525 (42,047) Miscellaneous Revenues602‐00000.00‐36212.00 Miscellaneous Revenue‐ ‐ 5,339 5,339 n/a‐ 5,339 ‐ ‐ 5,339 5,339 n/a‐ 5,339 Total Non‐Operating Revenue14,500 14,500 39,117 24,617 270% 42,525 (3,408) Total Revenues1,205,199 1,205,199 505,615 (699,584) 42% 495,851 9,764 COMPARATIVE
City of Prior Lake Water Quality Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGT Actual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)COMPARATIVETotal ExpendituresPersonnel and current expenditures (excluding depreciation)49420.00 Water Quality 622,893 698,264 333,860 364,404 48% 187,560 (146,300) 622,893 698,264 333,860 364,404 48% 187,560 (146,300) Capital improvements55530.00 Infrastructure 359,500 359,500 5,013 354,487 1% 31,069 26,056 359,500 359,500 5,013 354,487 1% 31,069 26,056 Total Expenditures982,393 1,057,764 338,873 718,891 32% 218,629 (120,244) Other Financing Uses59203.00 Transfers to other funds 127,000 127,000 63,500 63,500 50% 42,890 (20,610) Total Other Financing Uses127,000 127,000 63,500 63,500 50% 42,890 (20,610) Total Revenues/ Other Financing Sources1,205,199 1,205,199 505,615 (699,584) 42% 495,851 9,764 Total Expenditures/Other Financing Uses1,109,393 1,184,764 402,373 782,391 34% 261,519 (140,854) Net Change95,806 20,435 103,242 82,807 234,332 (131,090)
City of Prior Lake Economic Development Authority Special Revenue Fund As of 6/30/2021 (Preliminary & Unaudited)Variance from Variance2021 2021 2021 Amended Budget ‐ % BDGTActual from 2020Budget Amended Actual Positive ( Negative) USED6/30/2020Positive (Negative)RevenuesTaxes240‐00000.00‐31010.00 Current Property Taxes 349,750 349,750 185,108 (164,642) 53% 140,293 44,815 Taxes349,750 349,750 185,108 (164,642) 53% 140,293 44,815 Charges for Services240‐46503.00‐34760.02 Facility Rental ‐ EDA 8,450 8,450 2,435 (6,015) 29% 3,415 (980) Charges for Services 8,450 8,450 2,435 (6,015) 29% 3,415 (980) Interest (losses) on investments240‐00000.00‐36210.00 Interest Earnings 5,300 5,300 3,356 (1,944) 63% 3,612 (256) 240‐00000.00‐36225.00 Unrealized Inv.Gain(Loss)‐ ‐ (3,396) (3,396) n/a 5,468 (8,864) Interest (losses) on investments 5,300 5,300 (40) (5,340) ‐1% 9,080 9,120 Contributions and Donations240‐00000.00‐36230.00 Contributions and Donations‐ ‐ ‐ ‐ n/a 4,900 (4,900) Contributions and Donations‐ ‐ ‐ ‐ n/a 4,900 (4,900) Transfers In 240‐00000.00‐39203.00 Transfer from Other Funds‐ ‐ ‐ ‐ n/a 161,250 (161,250) Transfers In ‐ ‐ ‐ ‐ n/a 161,250 (161,250) Total Revenues363,500 363,500 187,503 (175,997) 52% 318,938 (131,435) ExpendituresFunction: Economic Development46500.00 ECONOMIC DEVELOPMENT 519,294 519,294 65,846 453,448 13% 167,529 101,683 46503.00 TECH VILLAGE INCUBATOR 5,500 5,500 1,150 4,350 21% 1,062 (88) Total Expenditures524,794 524,794 66,996 457,798 13% 168,591 101,595 Net Change(161,294) (161,294) 120,507 150,347 COMPARATIVE
Subject Property
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Figure 3.4: Development Staging Plan
Subject Property
2020, 2030 and 2040 Metropolitan Urban Service Area
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´Ma rch 2 021
NOTE: This map is not a legal document. The Metropolitan Urban Service Areas (MUSA) shown are compiled from each community's 2040 and2030 comprehensive plan and subsequent plan amendments. For those communities where a 2040 comprehensive plan has not been reviewedand incorporated into GIS, data reflects their 2030 comprehensive plan. Areas defined as "Undesignated MUSA" designateareas where an agreed upon acreage betweenthe community and the Council will be added tothe 2020 MUSA. For exact MUSA information,please contact the community.Undesignated MUSA
2030 M USA
2040 M USA
2020 M USA 2020 MUSA
2030 MUSA
2040 MUSA Local RoadCommunity Boundary
No MUSA
1 inch = 0.912247 miles
Local Sewer SystemMetropolitan Sewer System
Interstate HighwayMajor Highway
County BoundaryUndesignated MUSA Reserve
Private System
SMSC**** Shakopee Mdewakanton Sioux Community (SMSC)
Prior Lake
1
Agreement for General (Civil) Legal Services
Whereas, the City of Prior Lake ("City"), a public body corporate and politic operating as a
statutory city under the laws of the State of Minnesota and located within the County of Scott,
desires to have certain attorney services provided; and
Whereas, the City desires to have Shana Conklin, in her capacity as an associate attorney for
Campbell Knutson, P.A., in conjunction with the firm of Campbell Knutson, P.A. ("Attorney") to
serve as city attorney;
Whereas, the parties desire to more specifically identify the duties and responsibilities of the
City and Attorney;
Now Therefore, it is hereby agreed that this document by and between the City and the
Attorney, shall be a binding obligation on behalf of the parties named.
I. Term
This agreement shall be effective September 1, 2021, and terminable as provided in Section IX.
II. Scope of Legal Services
General scope of services, the services required by the City include, but are not limited to, the
following:
• Attendance at all City Council meeting. Attendance at other meetings as requested.
• Review of municipal contracts as requested, including contracts for public
improvements, developments, joint powers agreements, construction, lease agreements,
and the like.
• Representation of the City in the acquisition of properties for public improvements,
special assessment appeal, easements, parks.
• Review of all City Council and Planning Commission materials.
• Representation of the City in proceedings for public improvement projects.
• Representation of the City on economic development related issues as requested.
• Representation of the City in matters related to the enforcement of City Codes, including
building, subdivision, nuisance and zoning codes.
• Defend the City in all litigation, except in those cases where insurance companies are
required to exclusively provide defense, or where the City chooses to hire specialized or
other legal services. The Attorney is responsible for monitoring and coordinating with the
selected representation.
• Review of legal issues in City Council, HRA and Planning Commission agenda items as
requested.
• Review of draft ordinances, resolutions, developer agreements and correspondence as
requested.
• Meeting and/or telephone conversations with and advising Mayor, Council members,
City Manager, Department Heads and other staff on general legal matters.
• Research and submit legal opinions on legal matters requested by the City Manager.
2
• Provide written and/or oral summaries to City Manager of law changes affecting the City,
including recommending changes in operations or procedures to assure compliance.
• Available by phone and email to answer staff questions.
III. Fees
General Legal Services:
• $165 /hour for attorneys;
• $90/hour for paralegal and law clerk.
Pass-through Legal Services:
• Partners and Associates rate of $200.00 to $400.00 per hour and paralegal/legal
assistants currently ranging from $90.00 to $150.00 per hour, for legal services that are
passed through to third parties according to the City policies or reimbursed from a
developer or other third party. The Attorney will represent the City at the rate for general
legal services on public improvement projects involving special assessments or
improvements to private property, litigation, arbitration, and appellate matters, except
that the parties may mutually agree to a higher rate based on the complexity of the
matter.
• The fees may be amended from time to time by written mutual agreement of the City and
Attorney.
Expenses to be reimbursed:
• The actual cost of: express delivery, Westlaw and Lexis/Nexis charges, postage (over
$0.50).
• Photocopies ($0.20/page), color copies ($0.40/page),
• Mileage at the IRS rate, currently $0.59/mile for all travel except for travel to regularly
scheduled City Council meetings and City Council work sessions, which shall not be
reimbursed.
• For litigation, the actual cost of court filing fees, expert witnesses, acquisitions,
subpoenas, service of process, and miscellaneous litigations costs.
• All other filing, recording or miscellaneous litigation costs would be billed to the City at
their actual costs. No other charges, including for postage under $.50, would be billed to
the City. We will ensure that billing statements are provided in the format that meets the
City’s needs.
Percent of an hour billed:
• .10, with the minimum billing increment of 0.2 of an hour for all services
IV. Responsible Attorney and Staff
Shana Conklin shall be the primary attorney for the City. Conklin shall be responsible for the
performance of this agreement, although she may be assisted by other attorneys or support
staff in the firm. Conklin shall supervise all work performed on behalf of the City.
3
V. Conflicts of Interest
The Attorney shall not accept any client or project which knowingly would place it in a conflict of
interest with the services to be provided to the City under this agreement. If a conflict of interest
should develop, the Attorney shall be responsible for taking the necessary steps to comport its
representation of the City with the Lawyers Code of Professional Responsibility.
VI. Assignment of Services and Agreement
The Attorney shall not assign any interest or obligation of this Agreement without the prior
written consent of the City Manager.
VII. Work Product
All ordinances, resolutions, correspondence, and other documents or materials drafted for the
City by the Attorney shall, upon their completion, become the property of the City.
VIII. Insurance and Indemnification
Attorney agrees to maintain a valid policy of Professional Liability Insurance for the duration of
this agreement. The value of the policy shall not be less than the cap for municipal tort liability
as established by Minnesota Statutes.
IX. Termination
The parties understand that the Attorney serves at the pleasure of the Council. The City or
Attorney may terminate this agreement without cause upon sixty (60) days written notice. Upon
termination of this agreement, the City shall only be responsible for any billings accrued as of
the date of termination.
Further, the City expressly reserves the right to hire independent counsel on matters it
determines requires an attorney with more experience or expertise in a particular field. In such a
situation, the City shall remain responsible to the Attorney for any billings not related to the
matter for which special counsel was retained. The City shall only be responsible to the Attorney
for extra expenses in relation to the matter for which special counsel is retained if the City
names the Attorney as co-counsel in the matter or otherwise requests the Attorney's
participation.
X. Acceptance
The terms of this agreement are hereby accepted and made binding upon and between the City
of Prior Lake and Shana Conklin, in her capacity as an associate attorney for Campbell
Knutson, P.A., in conjunction with the law firm of Campbell Knutson. P.A.
City of Prior Lake Shana Conklin
By: __________________________ By: __________________________
Its: Mayor Associate Attorney
Campbell Knutson, P.A.
4
City of Prior Lake Campbell Knutson P.A.
By: __________________________ By: __________________________
Its: City Manager Andrea McDowell Poehler,
President and Shareholder
17205 Adelmann Street SE
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X:\Planning\Location Map\Location Map Template\17205 Adelmann St SE.aprx
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Page 1
DEVELOPMENT AGREEMENT
DEERFIELD INDUSTRIAL PARK THIRTEENTH ADDITION
PROJECT #21-0000028
This Development Agreement (“Agreement”) is entered into this 2nd day of August, 2021, by and
between the City of Prior Lake, a Minnesota municipal corporation ("City"), and Mesenbrink Construction
Inc., a Minnesota Corporation (“Developer”).
WHEREAS, Developer is the owner of property located within the City of Prior Lake, County of
Scott, legally described on Exhibit A (“Property”);
WHEREAS, Developer has applied to the City for Final Plat approval for the construction of a
business park property on the Property;
NOW, THEREFORE, in consideration of the City Council adopting Resolution No.
____________ (“Resolution”) for Final Plat approval for the construction of a business park property and
the related public improvements on the Property, Developer agrees to construct, develop and maintain the
Property as follows:
1. RIGHT TO PROCEED. The City shall not issue a building permit and Developer shall
not construct upon the Property in any manner, or begin the Development Work until all of the following
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conditions have been satisfied: 1) the final Plat and this Agreement have been fully executed by all parties
and recorded in the office of the Scott County Recorder or Registrar or Titles as applicable; 2) the necessary
Security, deposits, fees and insurance have been received by the City, and 3) the City Engineer or his/her
designee has issued a letter that all conditions have been satisfied and that the Developer may proceed.
2. PHASED DEVELOPMENT. This Agreement represents approval only of the units
identified above and the related improvements set forth on the final Plat and Plans. It does not represent
approval of any additional development including any proposed future phases. If the final Plat is a phase
of a multi-phased preliminary Plat, the Developer shall submit, in accordance with City Code, a staging plan
for City Council approval which may allow the Developer more than one (1) year to subdivide the Property
into lots and blocks. If the final Plat is a phase of a multi-phased preliminary Plat, the City Council may
refuse to approve final plats of subsequent phases or other Plats within the City if the Developer has breached
this Agreement or any terms or conditions set out in the Resolution and the breach has not been remedied. In
addition, no other subsequent phases may proceed until the City Council approves development agreements
for such phases. Fees and charges collected by the City in connection with infrastructure, public
improvements and parkland dedication requirements are not being imposed on outlots, if any, in the final Plat
that are designated in an approved preliminary Plat for future subdivision into lots and blocks. Such charges
will be calculated and imposed when the outlots are subdivided into lots and blocks.
3. DEVELOPMENT PLANS.
A. The Property shall be developed in accordance with the final plans identified below, subject
to such changes and modifications as provided herein (“Plans”). The Plans shall not be attached to this
Agreement, but are incorporated by reference and made a part of this Agreement as if fully set forth herein.
If the Plans vary from the written terms of this Agreement, the more specific or stringent controls shall apply.
The Plans are:
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Plan A -- Final Plat as stamped approved by the City Engineer or his/her designee
(Prepared by Rehder and Associates Inc.) subject to the changes and
modifications set forth in the Resolution.
B. In addition, Developer shall grade, construct upon, and improve the Property pursuant to
all requirements of this Agreement, the Resolution, the Prior Lake City Code, the City's Public Works
Design Manual (“PWDM”), and the direction of City Manager or his/her designee. All improvements and
other work required by the Plans, the Developer Installed Public Improvements, and such other work as
is required by this Agreement, the Resolution or the documents or parties identified above are hereafter
referred to as the "Development Work." Developer shall be responsible for all costs related to the
Development Work.
4. DEVELOPER INSTALLED PUBLIC IMPROVEMENTS.
A. The Developer shall install and pay for the public improvements identified in the Plans,
hereinafter referred to as the “Developer Installed Public Improvements”, which may include but are not
limited to: Sanitary Sewer System, Water System, Storm Sewer, Streets, Concrete Curb and Gutter, Street
Lights, Site Grading and Ponding, Underground Utilities, Traffic Control Signs, Street Signs, Setting of Iron
Monuments, Sidewalks, Trails, and Boardwalks, Landscaping and Wetland Buffer Signage. All Develoepr
Installed Public Improvements shall be dedicated or conveyed to the public, and shall be located within
public property, right-of-way, or easement dedicated to the public.
B. Developer shall complete all Developer Installed Public Improvements and obtain the City
Council’s written acceptance of the Developer Installed Public Improvements no later than December 31,
2021. The final wear course on streets shall be installed by October 31st of the same year the base layer of
asphalt is installed. If the final wear course is not installed by the date required herein, no additional building
permits shall be issued for the Property until the punch list is complete and the final wear course installed. All
punch list items shall be completed before the final wear course is installed in order to allow for inspection.
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C. Developer shall mark and label the GPS coordinates of the Developer Installed Public
Improvements as the improvements are constructed. All of the following items must be marked and labeled
and the data provided to the City in a form compatible with ArcGIS.
· Watermain – bends, tees, valves, crosses, sleeves, services corps, curb stops, future stubs.
· Sanitary sewer – manholes, service wyes, service stubs, cleanouts, future sanitary sewer stubs.
· Storm Sewer – manholes, catchbasins, outlet structures, flared end sections, cleanouts, tile, valves.
· Signs – all developer installed signs and type of sign.
The City Council will not accept the Devleoper Installed Pubilc Improvements unless the GPS coordinates
for all of the listed items are provided. If Developer fails to provide the required coordinates, Developer will
be required to re-access the improvements, mark and label the GPS coordinates and then restore the
improvements.
D. As a condition of the City Council’s acceptance of the Developer Installed Public
Improvements, the Developer’s engineer shall by written letter certify to the City that the Developer’s
engineer made reasonable inspections of the Developer Installed Public Improvements and that the
Developer Installed Public Improvements were built in accordance with this Agreement.
E. Upon the City Council’s written acceptance, by City Council Resolution, of the Developer
Installed Public Improvements, the Developer Installed Public Improvements shall automatically become
property of the City without further notice or action. The Developer shall be responsible for all
maintenance of the Developer Installed Public Improvements until written acceptance by the City Council.
F. Under no circumstances shall Developer charge or assess, directly or indirectly, any fee,
charge, assessment or consideration, to any party, for connection or access to, or service by, any Developer
Installed Public Improvement.
G. Private Improvements. In addition to the Developer Installed Public Improvements, the
Developer shall install and pay for the following private improvements
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________________________________________, all as identified in the Plans and all of which shall be
located on private property. The private improvements shall be installed, maintained, operated, repaired and
replaced by the Developer until such time as those obligations are transferred to the owners of the appropriate
lots or to a home owners association. The City shall have no obligations in relation to the private
improvements.
5. PROJECT TESTING. The Developer is responsible, at the Developer’s sole cost, to
provide testing to certify that Developer Installed Public Improvements were completed in compliance
with the Plans. The personnel performing the testing shall be certified by the Minnesota Department of
Transportation. The City Engineer or his/her designee has the sole discretion to determine if additional
testing is necessary. The cost of additional testing is to be paid by the Developer.
6. FINAL PLAT AND AS-BUILTS.
A. Within 30 days after the completion of the Developer Installed Public Improvements,
Developer shall supply the City a complete set of reproducible “as constructed” plans, and four complete
sets of blue line “as constructed” plans, all prepared in accordance with City standards. In addition,
Developer shall provide the City with an as-built grading plan and a certification by a registered land surveyor
or engineer that all ponds, swales, and ditches have been constructed on public easements or land owned by
the City. The Security shall not be released until the as-builts have been received by the City. The as-built
plans shall include field verified elevations of the following: a) cross sections of ponds, b) location and
elevations along all swales and ditches, and c) lot corners and house pads. The Developer shall also submit
a land tabulation certified by a registered engineer showing that all pads have been corrected in accordance
with project specifications.
B. The Developer shall submit the final Plat in electronic format. The electronic format shall be
compatible with the City's current software. In addition, upon completion of the project the Developer shall
provide the City with as-built utility plans in electronic format compatible with the City’s current software
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and with layers, colors, and line-types formatted in accordance with City standards. Additionally, three (3)
full size (22 X 34 inch) paper copies and one (1) reduced (11 X 17 inch) copy shall be certified and submitted
to the City.
7. MONUMENTS. Before the Security is released, Developer shall install iron monuments in
accordance with Minn. Stat. §505.021. The Developer's surveyor shall submit a written notice to the City
certifying that the monuments have been installed.
8. WARRANTY. Developer warrants all Developer Installed Public Improvements against
any defects, poor material and faulty workmanship for a period of two years after its completion by
Developer and acceptance by the City Council. Any replacement work shall be so warranted for two years
after its completion by Developer and acceptance by the City Council. Both the Developer Installed Public
Improvement warranty period described in this paragraph and the landscape warranty period described in
paragraph 20 below are hereinafter referred to as the “Warranty Period”.
9. LICENSE. The Developer hereby grants the City, its agents, employees, officers and
contractors a non-revocable license to enter the Property to perform all work and inspections deemed
appropriate by the City in conjunction with the development of the Property.
10. EROSION CONTROL.
A. Developer shall be responsible for constructing and maintaining all grading, storm
water/drainage infrastructure, and erosion control in compliance with the Plans, the City Engineer or
his/her designee’s requirements, and the individual building/grading plan for each specific lot, until the
later of: (i) such time as the City Council has accepted the Developer Installed Public Improvements in
writing; or (ii) a certificate of occupancy has been issued for each specifc lot.
B. Developer shall install silt fence prior to lot construction to avoid erosion to adjoining
properties, public sidewalk or the public street; locate all garbage roll offs and dumpsters, or cause the
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same to be located, on the Property and not on public property; and install protection at catch basins to
prevent silt and debris from entering the storm sewer.
C. Developer shall seed or lay cultured sod in all boulevards and restore all other areas disturbed
by the Development Work within thirty (30) days of the completion of street related improvements.
Boulevard and Area Restoration shall be in accordance with the approved erosion control plan and SWPPP.
No building permits will be issued until the Developer has installed silt-fence behind the curb of all
buildable lots. Developer shall be responsible for the maintenance of any silt fence installed. Upon request
of the City Engineer or his/her designee, the Developer shall remove the silt fences after turf establishment.
D. Prior to initiating site grading, the erosion control plan and SWPPP shall be implemented
by the Developer and inspected and approved by the City Engineer or his/her designee. The City Engineer
or his/her designee may require the Developer, at no cost to the City, to install additional erosion control
measures if they are necessary to meet erosion control objectives. All areas disturbed shall be reseeded
immediately after the completion of the work in that area. All seeded areas shall be mulched and disc
anchored as necessary for seed retention.
E. No development, utility or street construction will be allowed unless the Property is in full
compliance with the erosion control requirements.
11. CONSTRUCTION ACCESS. Construction traffic access is restricted to Reverve Way
(CSAH 87) and Adelmann Street SE. No construction traffic is permitted on other adjacent local streets.
12. IMPROVEMENTS REQUIRED BEFORE ISSUANCE OF BUILDING PERMITS.
A. Wetland Buffer Signage must be installed prior to the issuance of any building permits within
the Property and in accordance with the requirements of the Public Works Design Manual (Part III,
Hydrology Rules).
B. A temporary or permanent certificate of occupancy shall not be issued for any building on the
Property until water and sanitary sewer improvements have been installed and the streets have been completed
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and said improvements have been inspected and determined by the City Engineer or his/her designee to be
available for use.
C. Notwithstanding any other provision of this Agreement, the City will issue a building permit
for the building and a temporary parking lot upon Developer’s compliance with the following requirements:
(1) approval of the building plans by the Building Official; (2) approval of a site survey for the building and
parking lot(s) by the City Community Development Director, and (3) presence of a paved street within 300
feet of a building and presence on said paved street of a fire hydrant within 300 feet of a building and approval
by the Fire Chief.
13. CONSTRUCTION OBSERVATION. The City’s authorized personnel or contractors shall
provide construction observation during the installation of the Developer Installed Public Improvements in
accordance with the PWDM. These services by the City shall include:
A. Construction observation during installation of required Developer Installed Public
Improvements, which include grading, sanitary sewer, water main, storm sewer/ponding and street system.
B. Documentation of construction work and all testing of Developer Installed Public
Improvements.
C. Field document as-built location dimensions for sanitary sewer, water main and storm sewer
facilities. The Developer’s Engineer is responsible for data collection and preparation of as-built record plans.
14. DEDICATIONS, CONVEYANCES, EASEMENTS AND VACATIONS.
A. Developer shall convey to the City, through dedication in the final Plat or a separate
conveyance document, fee title or an easement (whichever is required by the City Attorney), all of the
following: (i) the property encompassing all Developer Installed Public Improvements, (ii) property
necessary for all public and private connections and access to all Developer Installed Public
Improvements, (iii) property for streets, sidewalks, and trails identified in the Plans; (iv) any property for
park dedication, and (v) all other property interests, conveyance of which is required by this Agreement.
Page 9
B. The City Council shall vacate ____ (list any vacation of easements, roads etc.)
_________________.
C. Developer shall obtain the written approval of the City Attorney and the City Engineer or
his/her desingee of the form of the conveyance documents and the location of all easements or fee title
conveyances required by this Agreement.
D. With respect to any interest in all portions of the Property which Developer is required,
pursuant to this Agreement, to dedicate or convey to the City ("Dedicated Property"), Developer represents
and warrants as follows now and at the time of dedication or conveyance: (i) that Developer has
marketable fee title free and clear of all mortgages, liens, and other encumbrances to the Dedicated
Property. Prior to final plat approval, Developer shall provide to the City a current title insurance policy
insuring such a condition of title; (ii) that Developer has not used, employed, deposited, stored, disposed
of, placed or otherwise allowed to come in or on the Dedicated Property, any hazardous substance,
hazardous waste, pollutant, or contaminant, including, but not limited to, those defined in or pursuant to
42 U.S.C. § 9601, et. seq., or Minn. Stat., Sec. 115B.01, et. seq. (such substances, wastes, pollutants, and
contaminants hereafter referred to as "Hazardous Substances"); (iii) that Developer has not allowed any
other person to use, employ, deposit, store, dispose of, place or otherwise have, in or on the Property, any
Hazardous Substances; and (iv) that to the best of its knowledge, Developer warrants that no previous
owner, operator or possessor of the Property deposited, stored, disposed of, placed or otherwise allowed
in or on the Property any hazardous substances.
E. Developer agrees to indemnify, defend and hold harmless City, its successors and assigns,
against any and all loss, costs, damage and expense, including reasonable attorneys’ fees and costs, that
the City incurs because of the breach of any of the above representations or warranties and/or resulting
from or due to the release or threatened release of Hazardous Substances which were, or are claimed or
alleged to have been, used, employed, deposited, stored, disposed of, placed, or otherwise located or
Page 10
allowed to be located, in or on the Dedicated Property by Developer, its employees, agents, contractors or
representatives.
15. DEPOSITS/ESCROWS.
A. Deposit for Legal Fees. Developer shall be responsible for all reasonable legal fees incurred
by the City relating to revisions and amendments to and enforcement of this Agreement. Developer shall
make a cash deposit with the City for legal fees incurred by the City. If the cash deposit is exhausted, the
City Engineer or his/her designee may require that Developer submit additional funds to replenish the
cash deposit. Alternatively, the City Engineer or his/her designee may invoice the Developer direclty for
such costs and Developer shall pay all such invoices within ten (10) days of receipt. City may cease all
work and review of the Development Work until the invoice is paid and/or the cash deposit is replenished.
Any balance remaining in the cash deposit after the expiration of the Warranty Period shall be returned to
the Developer.
B. Construction Observation Deposit. Developer shall be responsible for all construction
observation costs incurred by the City relating to this Agreement. Developer shall make a cash deposit
with the City for construction observation. If the cash deposit is exhausted, the City Engineer or his/her
designee may require that Developer submit additional funds to replenish the cash deposit. Alternatively,
the City Engineer or his/her designee may invoice the Developer directly for such costs and Developer
shall pay all such invoices within ten (10) days of receipt. City may cease all work and review of the
Development Work until the invoice is paid and/or the cash deposit is replenished. Any balance remaining
in the cash deposit after the City Council’s final acceptance of the Developer Installed Public
Improvements shall be returned to the Developer.
16. FEES AND CHARGES. Developer shall pay the fees and charges identified below, set
forth in the City Fee Schedule and described in detail in Exhibit B prior to any work occurring on the
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Property. Fees and charges are nonrefundable. Such fees and charges may include but are not limited to
the following:
A. Administrative Fee. Developer shall pay to the City an Administrative Fee based on
construction cost estimates to reimburse the City for costs incurred.
B. Park Dedication Fee. The Developer has satisfied the Park Dedication thru land dedication
with the Deerfiled Industrial Park First Addition.
C. Tree Preservation and Replacement.
D. Trunk Storm Water Acreage Charge.
E. Trunk Water Acreage Charge.
F. Trunk Sewer Acreage Charge.
G. Street Light Operational Costs.
H. Chip Seal Fee.
17. MAINTENANCE OF PLATTED LOTS. Developer shall provide ongoing maintenance
of all platted lots on the Property, including but not limited to mowing and weed control, sidewalk clearing
(ice, snow, building materials, eroded materials, and other debris), storm water and erosion control, and
other maintenance issues for which the Developer receives notice from the City Manager or his/her
designee. Developer’s obligations pursuant to this paragraph shall continue until the later of: (i) such time
as the City Council has accepted the Developer Installed Public Improvements in writing; or (ii) until each
specific lot is sold.
18. OVERSIZING. Oversizing is the construction of a Developer Installed Public Improvement
to City specifications that exceeds those that would be required of the Developer in order to serve additional
development. Oversizing improvements include, but are not limited to, sanitary sewer, water, storm drainage
facilities, and road improvements. If the City Engineer or his/her designee determines that oversizing is
required for sanitary sewer, water or storm drainage, the City shall reimburse the Developer for the costs
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associated with this work. City and Developer agree that the cost of system oversizing to be reimbursed to
the Developer is based upon the following: a cost estimate by the City Engineer or his/her designee based on
an engineer’s estimate or contractors bid to be provided by the Developer; and application of the City's
Assessment Policy based on a final engineering design as described in Exhibit B. If the City Engineer or
his/her designee determines that oversizing is required for road improvements, Developer shall install such
oversize improvements at Developer’s cost.
19. LANDSCAPING (Single-Family Residential). In accordance with the City Subdivision
Code, each residential lot on the Property must have at least two (2) front yard trees. The City shall not issue
a building permit for a lot until two (2) front yard trees are planted or retained and a cash escrow or letter of
credit for the lot in question’s landscaping is provided to the City. The City shall not issue a certificate of
occupancy for a lot until the front yard, boulevard, and side yards to the rear of every structure have been
sodded, weather permitting. If the required landscaping is not installed, the City is granted a right of entry to
enter upon the lot and install the landscaping using the escrowed funds or letter of credit. Upon satisfactory
completion of the landscaping on the lot, the escrowed funds less any draw made by the City, shall be returned
to the person who deposited the funds with the City.
20. LANDSCAPING. Landscaping for the Property shall comply with Plan C. Developer shall
warrant all required trees, whether the trees are to be retained or planted, for one (1) year from the later of: (i)
the planting of the tree; or (ii) the issuance of a certificate of occupancy to the lot upon which the tree is
located. A tree replaced under this warranty shall be warranted an additional one (1) year from the date of
the planting of the replaced tree. In additional to all other security required under this Agreement, Developer
shall provide to the City a cash escrow or letter of credit in the amount specified in Exhibit B to secure the
planting and retainage of the required trees and to secure this warranty. If Developer fails to plant or retain
the required trees or fails to comply with this warranty, the City may draw upon the escrowed funds or letter
of credit to plant or replace required trees. Developer may periodically request reductions of the escrowed
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funds or letter of credit and the City Engineer or his/her designee may approve such a request in an amount
of the value of each healthy tree for which the warranty has expired as determined by the City Engineer or
his/her designee. No tree plantings shall be placed within five (5) feet of a sanitary sewer, storm sewer, or
water main line. All plantings permitted in public right-of-way/boulevard areas shall be placed a minimum
four (4) feet behind the curb, be of deciduous species (no coniferous species), and be located outside of a fifty
(50) foot sight triangle at street corners.
21. SECURITY.
A. To guaranty compliance with the terms of this Agreement, Developer shall furnish the City
an irrevocable letter of credit or other security deemed acceptable to the City Attorney and City Engineer
or his/her designee (“Security”) in the following amounts:
i. 125% of projected costs for the Developer Installed Public Improvements as
certified to by a registered engineer and approved by the City Engineer or his/her
designee.
ii. 125% of projected costs for the grading, drainage, wetland and erosion control plan,
including storm water calculations from proposed impervious surfaces as certified
by a registered engineer and approved by the City Engineer or his/her designee.
iii. 125% of projected costs for the landscape plan, as certified by a registered engineer
and approved by the City Engineer or his/her designee.
B. This, and any other breakdown, is for establishing the amount of the Security not a restriction
on the use of the Security. All Security held by the City may be used in any manner allowed by this
Agreement, to reimburse the City for any costs incurred related to this Agreement and the project, and/or to
cure any breach of this Agreement.
C. The Security shall be in the form attached hereto as Exhibit C or other form as approved by
the City Attorney in writing and shall be from a bank approved by the City Attorney. The bank shall be
authorized to do business in the State of Minnesota. The Security shall extend through completion,
acceptance by the City Council and the Warranty Period of the Developer Installed Public Improvements.
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D. In the event that Developer fails to comply with the terms of this Agreement (“breach”),
the City may draw on the Security in whole or in part without notice by delivering or mailing by certified
mail to the issuer a statement identifying the amount of the draw and reason for the draw. In addition, if
the Development Work is not completed at least 30 days prior to the expiration of the Security, the City
may draw on the Security in the same manner. The City shall not be under any obligation to cure any
breach of the terms of this Agreement with the proceeds from the Security, but may, at the City’s sole
option, cure the breach or retain the proceeds from the Security until Developer cures the breach. In the
event the breach is fully cured by Developer, the City shall then release to Developer such retained draw
proceeds, less any expenses incurred by the City as a result of the breach (including but not limited to
engineer’s, attorney’s, and other consultant fees and costs).
E. If the City makes a draw on the Security, Developer shall immediately replenish the
Security to an amount then sufficient to cure any breach plus 125% of the cost of all Development Work
then remaining for which the Security was required.
F. The City Engineer or his/her designee may, from time to time, and only if Developer is
otherwise in compliance with all terms of the Agreement, approve a reduction in the amount of the
Security based upon work completed. The City shall at all times throughout construction and the Warranty
Period maintain a minimum $50,000 or 10% of the Development Work for which Security was required,
whiciever is greater.
22. CLEAN UP AND DAMAGE:
A. Developer assumes full financial responsibility for any damage which may occur to public
property including but not limited to streets, street sub- base, base, bituminous surface, curb, utility system
including but not limited to water main, sanitary sewer or storm sewer when said damage occurs as a result
of the activity which takes place during the development of the Property. Developer further agrees to pay
all costs required to repair the streets, utility systems and other public property damaged or cluttered with
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debris when occurring as a direct or indirect result of the construction that takes place on the Property.
B. Developer shall clean the streets every day or as required by the City Engineer or his/her
designee.
C. Developer agrees that any damage to public property occurring as a result of construction
activity on the Property shall be repaired immediately if deemed to be an emergency by the City Engineer
or his/her designee. Developer further agrees that any damage to public property as a result of construction
activity on the Property shall be repaired within 14 days if not deemed to be an emergency by the City
Engineer or his/her designee.
23. NON-INTERFERENCE WITH ADJOINING PROPERTIES. All work performed by
Developer and Developer’s contractors and subcontractors shall be performed exclusively upon the
Property. Any work related to roads, trails, drainage, and utility improvements, which are specified herein
to occur on land outside the Property, shall occur exclusively within the appropriate easement boundaries
for such work. In no event shall any work performed by Developer or Developer’s contractors and
subcontractors interfere with other properties, right-of-ways, or easements.
24. DEVELOPER’S RESPONSIBILITY FOR CODE VIOLATIONS: In the event of a
violation of City Code relating to use of the Property during construction thereon or failure to fulfill an
obligation imposed upon the Developer pursuant to this Agreement, City shall give 72 hour notice of such
violation in order to allow a cure of such violation, provided however, City need not issue a building or
occupancy permit for construction or occupancy on the Property while such a violation is continuing,
unless waived by the City Engineer or his/her designee. The existence of a violation of City Code or the
failure to perform or fulfill an obligation required by this Agreement shall be reasonably determined by
the City Manager or his/her designee.
25. DEVELOPER'S RESPONSIBILITY FOR ITS CONTRACTORS: Developer shall
release, defend and indemnify City, its elected and appointed officials, employees and agents from and
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against any and all claims, demands, lawsuits, complaints, loss, costs (including attorneys’ fees), damages
and injunctions relating to any acts, failures to act, errors, omissions of Developer or Developer's
consultants, contractors, subcontractors, suppliers and agents. Developer shall not be released from its
responsibilities to release, defend and indemnify because of any inspection, review or approval by City.
26. RESPONSIBILITY FOR COSTS. Except as otherwise specified herein, Developer shall
pay all costs incurred by it or the City in conjunction with the development of the Property, including, but
not limited to, legal, planning, engineering, design, development, construction, clean up, repair, easement
and land acquisition, and inspection expenses incurred in connection with (i) review, approval, denial, and
implementation of zoning, CUP, platting, site and building plan, and any other reviews, approvals, or
denials by the City and any other reviewing authority; (ii) the Developer Installed Public Improvements;
(iii) the Property; (iv) the preparation and review of the Agreement and other documents referred to in the
Agreement or related to the Development Work; and (v) enforcing the terms of this Agreement. Developer
shall pay in full all bills submitted to it by the City, in accordance with this Agreement, within 30 days
after receipt.
27. DEVELOPER'S DEFAULT.
A. Definition. In the context of this Agreement, “Event of Default” shall include, but not be
limited to, any one or more of the following events: (1) failure by the Developer to pay in a timely manner,
all fees, charges, taxes, claims and liabilities, including but not limited to all real estate property taxes, utility
charges, and assessments with respect to the Property; (2) failure by the Developer to construct the Developer
Installed Public Improvements pursuant to the terms, conditions and limitations of this Agreement; (3) failure
by the Developer to observe or perform any covenant, condition, obligation or agreement on its part to be
observed or performed under this Agreement; (4) transfer of any interest in the Property without prior written
approval by the City Council (for the purpose of this paragraph, the sale of a lot, except an outlot, to a builder
is not an event of default); (5) failure to correct any warranty deficiencies; (6) failure by the Developer to
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reimburse the City for any costs incurred by the City or to pay when due the payments required to be paid or
secured in connection with this Agreement; (7) failure by the Developer to renew the Security at least thirty
(30) days prior to its expiration date; (8) receipt by the City from the Developer’s insurer of a notice of pending
termination of insurance; (9) failure to maintain a current insurance certificate on file with the City meeting
City requirements; (10) failure to maintain the required insurance, bonds or Security; (11) a breach of any
provision of this Agreement; (12) if any representation made by Developer in this Agreement, is inaccurate,
either when made or at a later date; (13) failure by Developer to pay its debts as they become due, the
voluntary or involuntary filing of a petition in bankruptcy, an assignment by Developer for the benefit of its
creditors, or the appointment of a receiver for (a) Developer; (b) all or any substantial portion of Developer’s
assets; (c) the Property; or (14) if Developer is in default under any mortgage or other pledge, guaranty or
security agreement.
B. Event of Default - Remedies. Whenever an Event of Default occurs, the City, through the
City Manager, City Engineer, City Community Deveopment Director, City Attorney or any of their
designees, may take any one or more of the following actions:
1. The City may suspend its performance under this Agreement.
2. The City may draw upon or bring action upon any or all of the securities provided to
the City pursuant to any of the terms of this Agreement.
3. The City may take whatever action, including legal or administrative action, which
may be necessary or desirable to the City to collect any payments due under this Agreement or to enforce
performance and/or observance of any obligation, agreement or covenant of Developer under this Agreement.
4. The City may suspend issuance of building permits and/or certificates of occupancy
on any of the property, including property sold to third parties.
5. The City may suspend the release of any escrowed dollars.
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6. The City may use deposit or escrow dollars or other security to satisfy any outstanding
financial obligations to the City including but not limited to all real estate property taxes, utility charges, and
assessments with respect to the Property;
7. The City is hereby granted the option, but not the obligation, to complete or cause
completion in whole or part of all of the Developer’s obligations under this Agreement. This Agreement is a
license for the City to act, and it shall not be necessary for the City to seek a court order for permission to
enter the Property and cure the default, including but not limited to, completion of the Development Work.
When the City does any such work all costs incurred by the City in performing such work shall be recoverable
by it from the Security, and shall also constitute a lien on the Property, and the City may, in addition to its
other remedies, collect the costs in whole or in part as special assessments as specified in Chapter 429 of the
Minnesota Statutes. Developer knowingly and voluntarily waives all rights to appeal said special assessments
under Minnesota Statutes Section 429.081.
C. Notice. In a non-emergency, Developer shall first be given written notice of the Event of
Default not less than 48 hours prior to City’s curing the default or exercising a remedy, or such other period
of time as the City, in its sole discretion, deems reasonable under the circumstances. If, in the City’s judgment,
an Event of Default results in a threat to the public health, safety or welfare, the City may act to correct the
default without notice.
D. Election of Remedies. No remedy conferred in this Agreement is intended to be exclusive
and each shall be cumulative and shall be in addition to every other remedy. The election of any one or more
remedies shall not constitute a waiver of any other remedy. The City may, but is not obligated to, exercise
any of the remedies referred to in this paragraph 27.
28. NOTICES.
A. Required notices to the Developer shall be in writing, and shall be either hand delivered to the
Developer, its employees or agents, or mailed to the Developer by United States mail at the following address:
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Mesenbrink Construction and Engineering, 7765 175th Street East, Prior Lake, MN 55372. Notices to the
City shall be in writing and shall be either hand delivered to the City Manager, or mailed to the City by United
States mail in care of the City Manager at the following address: City of Prior Lake, 4646 Dakota Street SE,
Prior Lake, Minnesota 55372. Concurrent with providing notice to the City, notice(s) shall be served upon
the City Attorney Sarah Schwarzhoff, Hoff Barry, P.A., 100 Prairie Center Drive, Suite 200, Eden Prairie,
MN 55344.
B. Notices shall be deemed effective on the date of receipt. Any party may change its address
for the service of notice by giving written notice of such change to the other party, in any manner above
specified, 10 days prior to the effective date of such change.
C. Notice related to an Event of Default shall include the following: (1) the nature of the breach
of the term or condition that requires compliance by the Developer, or the Event of Default that has occurred;
(2) what the Developer must do to cure the breach or remedy the Event of Default; and (3) the time the
developer has to cure the breach or remedy the Event of Default.
29. INDEMNIFICATION. Developer shall indemnify, defend, and hold the City, its Council,
agents, employees, attorneys and representatives harmless against and in respect of any and all claims,
demands, actions, suits, proceedings, liens, losses, costs, expenses, obligations, liabilities, damages,
recoveries, and deficiencies, including interest, penalties, and attorneys’ fees, that the City incurs or suffers,
which arise out of, result from or relate to this Agreement or the Development Work. The responsibility to
indemnify and hold harmless the City, its Council, agents, employees, attorneys and representatives does not
extend to any willful or intentional misconduct on the part of any of these individuals.
30. NO THIRD PARTY RECOURSE. The City and Developer agree that third parties shall have
no recourse against the City under this Agreement. The Developer agrees that any party allegedly injured or
aggrieved as a result of the City Council’s approval of the final Plat shall seek recourse against the Developer
or the Developer’s agents. In all such matters, including court actions, the Developer agrees that the
Page 20
indemnification and hold harmless provisions set out in paragraph 29 shall apply to said actions. This
Agreement is a contract agreement between the City and the Developer. No provision of this Agreement
inures to the benefit of any third person, including the public at large, so as to constitute any such person as a
third-party beneficiary of the Agreement or of any one or more of the terms hereof, or otherwise give rise to
any cause of action for any person not a party hereto.
31. INSURANCE REQUIREMENTS. Developer, at its sole cost and expense, shall take out
and maintain or cause to be taken out and maintained, until the expiration of the Warranty Period, a policy
of insurance with limits for bodily injury, death, and property damage of not less than $1,000,000.00 per
occurence and $2,000,000.00 aggregate. The City, its elected and appointed officials, officers, employees,
planners, engineers, attorneys, and agents shall be named additional insureds on any such policy. The
insurance certificate shall provide that the City shall be given 30 days advance written notice before any
modification, amendment or cancellation of the insurance becomes effective.
32. FINAL PLAT AND DEVELOPMENT AGREEMENT. The final Plat and Agreement
shall be recorded with the Scott County Recorder or Registrar of Titles, as applicable within 90 days of
approval by the City Council. The final plat shall be considered void if not recorded within the 90 days
provided for herein unless a request for a time extension is submitted in writing and approved by the City
Council prior to the expiration of the 90-day period.
33. RECONSIDERATION OR RESCISSION. If Developer fails to proceed in accordance
with this Agreement within twenty-four (24) months of the date hereof, Developer, for itself, its
successors, and assigns, shall not oppose the City’s reconsideration and rescission of all approvals issued
in connection with this Agreement, thus restoring the status of the Property before the Agreement and all
such approvals.
Page 21
34. SIGNS. The Developer hereby waives any claim against the City for removal of signs
placed in the right-of-way in violation of the City Code or State Statutes. The City shall not be responsible
for any damage to, or loss of, signs removed.
35. MISCELLANEOUS.
A. Compliance With Other Laws. The Developer represents to the City that the Plat and the
Developer in performing all work under this Agreement shall comply with all county, metropolitan, state,
and federal laws and regulations, including but not limited to: subdivision ordinances, zoning ordinances, and
environmental regulations. If the City Engineer or his/her designee or the City Attorney determines that the
Plat or Developer is not in compliance, the the City Engineer or his/her designee or the City Attorney may,
at his/her option, refuse to allow construction or Development Work on the Property until the Developer does
comply. Upon such demand, the Developer shall cease work until there is compliance.
B. Permits. The Developer shall obtain all necessary approvals, permits and licenses from the
City, and any other regulatory agencies and the utility companies. All costs incurred to obtain said approvals,
permits and licenses, and also all fines or penalties levied by any agency due to the failure of the Developer
to obtain or comply with conditions of such approvals, permits and licenses, shall be paid by the Developer.
C. Severability. If any portion, section, subsection, sentence, clause, paragraph, or phrase of this
Agreement is for any reason held invalid, such decision shall not affect the validity of the remaining portions
of this Agreement.
D. Amendments. There shall be no amendments to this Agreement unless in writing, signed by
the parties and approved by resolution of the City Council.
E. Waiver. Failure of the City to require performance of any provision of this Agreement shall
not affect its right to require full performance of this Agreement at any time thereafter and the waiver by the
City of a breach of any such provision shall not be a waiver of any subsequent breach and shall not nullify
the effectiveness of such provision.
Page 22
F. Assignment. The Developer may not assign this Agreement without the prior written
approval of the City Council. The Developer's obligation hereunder shall continue in full force and effect
even if the Developer sells one or more lots, the entire Property, or any part of it.
G. Interpretation. This Agreement shall be interpreted in accordance with and governed by the
laws of the State of Minnesota. The words herein and hereof and words of similar import, without reference
to any particular section or subdivision, refer to this Agreement as a whole rather than to any particular section
or subdivision hereof. Titles in this Agreement are inserted for convenience of reference only and shall be
disregarded in constructing or interpreting any of its provisions.
H. Successors and Assigns. Provisions of this Agreement shall be binding upon and
enforceable against Developer’s successors and assigns including but not limited to all purchasers and
owners of all or any part of the Property and their successors and assigns.
I. Performance Standards. The Property shall be developed and operated in a manner
meeting all applicable noise, vibration, dust and dirt, smoke, odor and glare laws and regulations.
J. No City Liability. Except for the intentional acts of the City or its employees and
contractors, no failure of the City to comply with any term, condition, covenant or agreement herein shall
subject the City to liability for any claim for damages, costs or other financial or pecuniary charges.
K. Exhibit A. The Developer hereby irrevocably nominates, constitutes, and appoints and
designates the City as its attorney-in-fact for the sole purpose and right to amend Exhibit A hereto to
identify the legal description of the Property after platting thereof.
36. PLANNED UNIT DEVELOPMENT. The Property is being developed as a Planned Unit
Development. The City Council has found that the proposed development of the Property is in compliance
with City Code Section 1106. The Property shall be developed in compliance with Resolution
No.___________ dated ____________, and the plans approved by that Resolution.
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37. PARK DEDICATION. Prior to release of the final Plat, Developer shall dedicate to City
_______ for park purposes in accordance with the terms of paragraph 14.
Page 24
CITY OF PRIOR LAKE
By: ________________________________
_____________________, Mayor
By: ________________________________
_____________________, City Manager
STATE OF MINNESOTA )
(ss.
COUNTY OF SCOTT )
The foregoing instrument was acknowledged before me this _____ day of ____________, 20__, by
_____________________, Mayor, and by ____________________, City Manager, of the City of Prior Lake,
a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its
City Council.
_____________________________________
NOTARY PUBLIC
Page 25
Mesenbrink Construction & Engineering Inc.
By: ________________________________
Its: ________________________________
STATE OF MINNESOTA )
(ss.
COUNTY OF __________ )
The foregoing instrument was acknowledged before me this ______ day of ____________, 20__, by
_____________________________________ as _____________________________________________of
Mesenbrink Construction & Engineering Inc., on behalf of the coroporation.
_____________________________________
NOTARY PUBLIC
DRAFTED BY:
City of Prior Lake
4646 Dakota Street SE
Prior Lake, Minnesota 55372
Page 26
OWNERS' SUPPLEMENT TO
DEVELOPMENT AGREEMENT BETWEEN
_______________________________
AND THE CITY OF PRIOR LAKE
THIS AGREEMENT, made and entered into as of _______________________, 20____, by and
between ____________________________, a Minnesota _________, ("Owner"), and the City of Prior Lake
("City"):
For, and in consideration of, and to induce City to adopt Resolution No. ____________ for ___(list
all approvals)____________ approval for the construction of ______(number and type of units)__________
units and the related public improvements (collectively the “Approvals”), as more fully described in that
certain Development Agreement entered into as of __________________, 20___, by and between
______________________________, a Minnesota ______________ (“Developer”) and City
("Development Agreement") pertaining to that certain Property described on Exhibit A hereto, Owner agrees
with City as follows:
1. If Developer fails to commence development in accordance with the Development Agreement
and fails to obtain an occupancy permit for all of the improvements referred to in the Development Agreement
within 24 months of the date of this Owners' Supplement, Owner shall not oppose the City's reconsideration
and rescission the Approvals, thus restoring the status of the Property before the Development Agreement
and all Approvals were approved.
2. This Agreement and the Development Agreement shall be binding upon and enforceable
against the Property and the Owners, their successors and assigns of the Property.
3. If Owner transfers this Property, Owner shall obtain an agreement from the transferee
requiring that such transferee agree to all of the terms, conditions and obligations of Developer in the
Development Agreement. Neither the Owner or transferee are required to develop the property in accordance
with this Agreement, so long as Owner or transferee obtain such approvals as are required by City Code to
develop the Property in a manner other than as set forth in this Agreement.
IN WITNESS WHEREOF, the parties to this Agreement have caused these presents to be executed as of the
day and year aforesaid.
[signatures on following pages]
Page 27
MORTGAGEE CONSENT
TO
DEVELOPMENT AGREEMENT
_____________________, which holds a mortgage on the subject property, the development of
which is governed by the foregoing Development Agreement, agrees that the Development Agreement shall
remain in full force and effect even if it forecloses on its mortgage.
Dated this _____ day of ____________, 20__.
____________________________
By: ________________________________
Its: _______________________________
STATE OF MINNESOTA )
(ss.
COUNTY OF __________ )
The foregoing instrument was acknowledged before me this _____ day of ________________, 20__,
by ____________________ the _______________________ of ______________________.
________________________________________
NOTARY PUBLIC
DRAFTED BY:
City of Prior Lake
4646 Dakota Street SE
Prior Lake, Minnesota 55372
Page 28
EXHIBIT A
TO DEVELOPMENT AGREEMENT
Page 29
EXHIBIT B
TO DEVELOPMENT AGREEMENT
Deposit/Escrow Amt Per Total
Construction Observation Deposit 8% of Public Improvements = NA
TOTAL Deposit/Escrow =
Fee Amt Per Total
Administrative Fee 6% of Public Improvements = NA
Park Dedication Fee $ 3,750.00 X Acres = NA
Trunk Sanitary Sewer Acreage $ 4,700.00 X 3.587 Acres = $ 16,859.00
Trunk Water Acreage $ 3,840.00 X 3.587 Acres = $ 13,774.00
Trunk Storm Sewer Acreage $ 4,160.00 X 3.587 Acres = $ 30,902.00
CSAH 21/87 Turn Land Escrow $2,053.00 X 3.587 Acres = $7,364.11
Chip Seal Fee (Public Streets) $1.90 X Sq. Yd. = NA
TOTAL Fee = $ 68,899.11
Security Total
Sanitary Sewer = NA
Water Main = NA
Storm Sewer = NA
Streets/Sidewalks/Trails = NA
Fish Point Street Construction = NA
Subtotal (rounded) = NA
TOTAL (125% of subtotal) = NA
Oversizing Calculation Total
= NA
Fees/amounts due may be paid and/or credited against amounts owed.
Page 30
EXHIBIT C
TO DEVELOPMENT AGREEMENT
SAMPLE IRREVOCABLE LETTER OF CREDIT
No. ___________________
Date: _________________
TO: City of Prior Lake
4646 Dakota Street SE
Prior Lake, Minnesota 55372
Dear Sir or Madam:
By order of our client [name and address of client] we hereby issue our standby irrevocable Letter of Credit for the
account of the [insert name of client] for an amount or amounts not to exceed in the aggregate U.S. Dollars $
___________________________ (__________________ Thousand and No/100 U.S. Dollars) effective immediately and
expiring at our [insert address of office] on [insert date] relative to our client’s performance under that certain contract
entitled [insert name of contract/development agreement, etc.] dated [insert date of contract].
Funds under this Letter of Credit are available against your sight draft(s) on us, for all or part of this Letter of Credit,
mentioning thereon our Credit No.______. Each such draft must be accompanied by your signed written statement to the
effect that [name of client] has failed to comply with the terms and conditions of the above mentioned contract.
Presentation will also be deemed made upon our receipt of your telecopier transmission to us at (FAX NUMBER
[insert fax number] _____________________) of a facsimile of the appropriate sight draft and written statement completed
and signed, together with your telephone advice to us at (TELEPHONE NUMBER [insert telephone number]
_________________________________) or such other number as we shall specify to you in writing) of your sending the
above-described telecopier transmission. Failure to make the telephone advice will not impair the validity of the
presentation. If presentations are made by facsimile the original documents are not required.
In the event that at least thirty (30) days prior to the expiry date listed above, this Letter of Credit is not extended
for a period of at least one year or has not been replaced with a substitute Letter of Credit acceptable to you, this Letter of
Credit is also payable to you upon presentation to us of your written statement mentioning thereon our Credit No.[insert
number] ____ and stating “Letter of Credit No. [insert number] __________ has not been extended for a period of at least
one year from the present expiration date and has not been replaced with a substitute Letter of Credit acceptable to us.”
This letter of credit shall automatically extend for successive one-year terms unless at least forty-five days
prior to the next annual extension date of [insert day and month of renewal] ________________ of such year, we deliver
written notice by registered mail or overnight courier to the City that we intend not to extend the letter of credit for any
additional period. If such notice is delivered and the letter of credit has not been replaced with a substitute letter of credit
acceptable to you by the date of said notice, this letter of credit is also payable to you upon presentation to us of your written
statement mentioning thereon our Letter of Credit No. [insert number] ______________ and stating “Notice of
Modification, Cancellation or Non-Extension of Letter of Credit No. [insert number]_________________has been received
and the letter of credit has not been replaced with a substitute letter of credit acceptable to us.
If we receive your sight draft(s) and statement(s) as mentioned above, here at our address [insert address], on or
before the expiry date of this Letter of Credit, we will promptly honor the same. If an interruption of our business occurred
as a result of an Act of God, riots, civil commotion, insurrections, wars or any other causes beyond our control, as described
in Article 36 of the Uniform Customs and Practices for Documentary Credits, UCP600 2007 which prevented us from
accepting and/or paying you on this Letter of Credit, we undertake upon resumption of our business to accept drafts and pay
on this Letter of Credit provided your draft is presented prior or during our business interruption or no later than thirty (30)
days following resumption of our business.
This Credit is subject to the Uniform Customs and Practices for Documentary Credits, UCP600 2007.
Very Truly Yours,
[Signature of Issuer]