HomeMy WebLinkAbout_11 07 2022 City Council Agenda Packet11/7/2022 Council Worksession From Amended Budget
2021 2022 2022 2023 2023 2023
BUDGET ACTIVITY ORIGINAL AMENDED PROPOSED PROPOSED PROPOSED
CLASSIFICATION BUDGET BUDGET BUDGET AMT CHANGE %CHANGE
Fund 101 GENERAL FUND
TAXES 9,462,313 10,227,232 10,227,232 12,161,475 1,934,243 18.91
CHARGES FOR SERVICES 2,102,785 2,022,200 2,022,200 2,041,444 19,244 0.95
INTERGOVERNMENTAL 2,322,956 2,585,932 2,585,932 2,833,610 247,678 9.58
MISCELLANEOUS REVENUES 635,157 257,200 257,200 292,500 35,300 13.72
SALE OF ASSETS 30,022
TRANSFERS IN 523,000 546,000 546,000 555,000 9,000 1.65
DEBT ISSUED
LICENSES AND PERMITS 999,906 897,323 897,323 894,370 2,953)0.33)
FINES AND FORFEITURES 38
TOTALS FUND 101 16,076,177 16,535,887 16,535,887 18,778,399 2,242,512 13.56
DEBT SERVICE FUNDS
TAXES 3,005,284 3,455,529 3,455,529 3,357,481 98,048)2.84)
MISCELLANEOUS REVENUES 617,006 495,204 495,204 507,498 12,294 2.48
DEBT ISSUED 8,880,053
OTHER FINANCING SOURCES 1,326,441
TRANSFERS IN 2,595,069 1,342,764 1,342,764 1,094,701 248,063)18.47)
TOTALS DEBT SERVICE FUNDS 16,423,853 5,293,497 5,293,497 4,959,680 333,817)6.31)
Fund 210 CABLE FRANCHISE FUND
CHARGES FOR SERVICES 23,252 23,800 23,800 22,000 1,800)7.56)
MISCELLANEOUS REVENUES 103
TOTALS FUND 210 23,355 23,800 23,800 22,000 1,800)7.56)
Fund 225 CAPITAL PARK FUND
CHARGES FOR SERVICES 653,652 586,500 586,500 586,500
INTERGOVERNMENTAL 250,000 250,000
MISCELLANEOUS REVENUES 9,868 22,000 22,000 20,400 1,600)7.27)
TOTALS FUND 225 663,520 608,500 608,500 856,900 248,400 40.82
Fund 240 EDA SPECIAL REVENUE FUND
TAXES 350,284 360,000 360,000 370,000 10,000 2.78
CHARGES FOR SERVICES 8,582 24,360 24,360 24,588 228 0.94
INTERGOVERNMENTAL
MISCELLANEOUS REVENUES 20,092 5,400 5,400 2,600 2,800)51.85)
TRANSFERS IN 20,969
TOTALS FUND 240 399,927 389,760 389,760 397,188 7,428 1.91
Fund 410 REVOLVING EQUIPMENT FUND
TAXES 838,173 700,000 700,000 750,000 50,000 7.14
INTERGOVERNMENTAL
MISCELLANEOUS REVENUES 681 6,800 6,800 10,000 3,200 47.06
SALE OF ASSETS 114,480
TRANSFERS IN 310,000 217,500 217,500 217,500
DEBT ISSUED
UNK_REV
TOTALS FUND 410 1,263,334 924,300 924,300 977,500 53,200 5.76
Fund 430 REVOLVING PARK EQUIP FUND
TAXES 377,113 405,000 405,000 440,000 35,000 8.64
INTERGOVERNMENTAL 299,000 299,000
MISCELLANEOUS REVENUES 1,628 13,800 13,800 13,700 100)0.72)
TRANSFERS IN 49,358 49,358)100.00)
TOTALS FUND 430 378,741 418,800 468,158 752,700 284,542 60.78
BUDGET REPORT
City of Prior Lake
Revenues Summary
11/7/2022 Council Worksession From Amended Budget
2021 2022 2022 2023 2023 2023
BUDGET ACTIVITY ORIGINAL AMENDED PROPOSED PROPOSED PROPOSED
CLASSIFICATION BUDGET BUDGET BUDGET AMT CHANGE %CHANGE
BUDGET REPORT
City of Prior Lake
Revenues Summary
Fund 440 FACILITIES MANAGEMENT FUND
TAXES 80,072 105,000 105,000 155,000 50,000 47.62
INTERGOVERNMENTAL 535,000 535,000 535,000)100.00)
MISCELLANEOUS REVENUES 594 6,300 6,300 14,600 8,300 131.75
TRANSFERS IN 930,000 24,600 24,600 24,600)100.00)
DEBT ISSUED
ENERGY LEASE ISSUED
TOTALS FUND 440 1,010,666 670,900 670,900 169,600 501,300)74.72)
Fund 450 PERMANENT IMPROVEMENT REVOLVING FUND
TAXES 120,108
CHARGES FOR SERVICES 1,050,000 1,050,000 1,068,000 18,000 1.71
MISCELLANEOUS REVENUES 149,094 156,431 156,431 116,235 40,196)25.70)
TRANSFERS IN
DEBT ISSUED
TOTALS FUND 450 269,202 1,206,431 1,206,431 1,184,235 22,196)1.84)
Fund 601 WATER FUND
CHARGES FOR SERVICES 5,569,918 4,787,099 4,787,099 5,409,044 621,945 12.99
INTERGOVERNMENTAL 1,066
MISCELLANEOUS REVENUES 48,102 67,400 67,400 72,900 5,500 8.16
SALE OF ASSETS
TRANSFERS IN
DEBT ISSUED
UNK_REV 888
OTHER FINANCING SOURCES 16,762
TOTALS FUND 601 5,636,736 4,854,499 4,854,499 5,481,944 627,445 12.93
Fund 602 STORM WATER UTILITY
CHARGES FOR SERVICES 1,205,516 1,197,920 1,197,920 1,360,333 162,413 13.56
INTERGOVERNMENTAL 33,300
MISCELLANEOUS REVENUES 7,881 22,800 22,800 25,100 2,300 10.09
TRANSFERS IN
UNK_REV 361
STORM WATER CHARGES 1,050
TOTALS FUND 602 1,248,108 1,220,720 1,220,720 1,385,433 164,713 13.49
Fund 604 SEWER FUND
CHARGES FOR SERVICES 4,934,563 5,176,621 5,176,621 5,440,957 264,336 5.11
INTERGOVERNMENTAL
MISCELLANEOUS REVENUES 36,271 31,200 31,200 38,400 7,200 23.08
SALE OF ASSETS
TRANSFERS IN
DEBT ISSUED
UNK_REV 842
OTHER FINANCING SOURCES 16,762
TOTALS FUND 604 4,988,438 5,207,821 5,207,821 5,479,357 271,536 5.21
TOTAL ALL FUNDS 48,382,057 37,354,915 37,404,273 40,444,936 3,040,663 8.13
3,090,021 8.27
From Original Budget
11/7/2022 Council Worksession From Amended Budget
2021 2022 2022 2023 2023 2023
BUDGET ACTIVITY ORIGINAL AMENDED PROPOSED PROPOSED PROPOSED
CLASSIFICATION BUDGET BUDGET BUDGET AMT CHANGE %CHANGE
Fund 101 GENERAL FUND
41110.00 MAYOR COUNCIL 71,698 75,528 75,528 81,421 5,893 7.80
41130.00 ORDINANCE 5,820 6,000 6,000 6,000
41320.00 ADMINISTRATION 315,334 390,765 390,765 366,822 23,943)6.13)
41330.00 BOARDS COMMISSIONS 7,613 11,365 11,365 15,471 4,106 36.13
41400.00 CITY CLERK FUNCTIONS 121,818 129,697 129,697 128,217 1,480)1.14)
41410.00 ELECTIONS 690 62,200 62,200 43,240 18,960)30.48)
41520.00 FINANCE 566,980 596,290 596,290 688,150 91,860 15.41
41530.00 ACCOUNTING
41540.00 INTERNAL AUDITING 40,333 42,200 42,200 43,700 1,500 3.55
41550.00 ASSESSING 223,111 231,135 231,135 239,135 8,000 3.46
41610.00 LEGAL 181,237 190,000 190,000 210,000 20,000 10.53
41820.00 HUMAN RESOURCES 323,916 332,139 332,139 346,102 13,963 4.20
41830.00 COMMUNICATIONS 159,303 174,261 178,261 170,008 8,253)4.63)
41910.00 COMMUNITY DEVELOPMENT 345,584 385,472 385,472 369,784 15,688)4.07)
41920.00 INFORMATION TECHNOLOGY 383,533 398,081 404,081 447,224 43,143 10.68
41940.00 FACILITIES CITY HALL 523,557 553,195 553,195 551,155 2,040)0.37)
42100.00 POLICE 5,411,230 6,013,802 6,141,802 6,548,159 406,357 6.62
42200.00 FIRE 1,135,252 1,242,376 1,242,376 1,972,848 730,472 58.80
42400.00 BUILDING INSPECTION 718,118 816,265 816,265 885,893 69,628 8.53
42500.00 EMERGENCY MANAGEMENT 1,220 16,190 16,190 18,920 2,730 16.86
42700.00 ANIMAL CONTROL 28,800 28,800 28,800 28,800
43050.00 ENGINEERING 426,592 419,812 419,812 447,188 27,376 6.52
43100.00 STREET 1,225,910 1,384,871 1,464,261 1,490,433 26,172 1.79
43400.00 CENTRAL GARAGE 446,731 518,031 561,831 553,623 8,208)1.46)
45100.00 RECREATION 477,153 512,825 512,825 545,771 32,946 6.42
45200.00 PARKS 1,473,941 1,760,303 1,777,913 1,893,220 115,307 6.49
45500.00 LIBRARIES 59,289 70,446 70,446 85,227 14,781 20.98
80000.00 Transfers to other Funds 1,112,697 223,838 223,838 633,888 410,050 183.19
TOTALS FUND 101 15,787,460 16,585,887 16,864,687 18,810,399 1,945,712 11.54
DEBT SERVICE FUNDS
47000.00 DEBT SERVICE
INTEREST AND OTHER 1,140,627 1,035,199 1,035,199 1,016,813 18,386)1.78)
PRINCIPAL 3,949,859 4,325,713 4,325,713 4,261,693 64,020)1.48)
ESCROW PRINCIPAL 10,048,295
PREMIUM ON DEBT ISSUED
CURRENT EXPENDITURES
80000.00 Transfers to other Funds 1,442,801 233,000 233,000 25,000 208,000)89.27)
TOTALS DEBT SERVICE FUNDS 16,581,582 5,593,912 5,593,912 5,303,506 290,406)5.19)
Fund 210 CABLE FRANCHISE FUND
41340.00 PUBLIC CABLE ACCESS
CURRENT EXPENDITURES 1,407 11,000 11,000
CAPITAL OUTLAY 3,641 39,780 39,780)100.00)
TOTALS FUND 210 5,048 39,780 11,000 28,780)72.35)
Fund 225 CAPITAL PARK FUND
45040.00 PIKE LAKE PARK 1,197
45148.00 HWY 13 TRAIL GAP 3,117
45200.00 PARKS 745,871 3,200 3,200 653,400 650,200 20,318.75
80000.00 Transfers to other Funds
TOTALS FUND 225 750,185 3,200 3,200 653,400 650,200 20,318.75
Fund 240 EDA SPECIAL REVENUE FUND
46500.00 ECONOMIC DEVELOPMENT 261,519 620,557 623,857 627,615 3,758 0.60
46503.00 TECH VILLAGE INCUBATOR 1,232
TOTALS FUND 240 262,751 620,557 623,857 627,615 3,758 0.60
BUDGET REPORT
City of Prior Lake
Expenditures Summary
11/7/2022 Council Worksession From Amended Budget
2021 2022 2022 2023 2023 2023
BUDGET ACTIVITY ORIGINAL AMENDED PROPOSED PROPOSED PROPOSED
CLASSIFICATION BUDGET BUDGET BUDGET AMT CHANGE %CHANGE
BUDGET REPORT
City of Prior Lake
Expenditures Summary
Fund 410 REVOLVING EQUIPMENT FUND
41830.00 COMMUNICATIONS 32,455
42100.00 POLICE 342,143 298,900 298,900 314,100 15,200 5.09
42200.00 FIRE 343,771 188,000 618,000 299,000 319,000)51.62)
42400.00 BUILDING INSPECTION 38,000 38,000
43050.00 ENGINEERING
43100.00 STREET 238,885 65,000 65,000 97,000 32,000 49.23
43400.00 CENTRAL GARAGE 19,937 20,000 20,000 20,000
45200.00 PARKS 397,945 349,500 349,500 604,500 255,000 72.96
49400.00 WATER 48,875
49420.00 WATER QUALITY
49450.00 SEWER 116,932
80000.00 Transfers to other Funds
TOTALS FUND 410 1,540,943 921,400 1,351,400 1,372,600 21,200 1.57
Fund 430 REVOLVING PARK EQUIP FUND
45200.00 PARKS 36,422 158,000 158,000 1,155,000 997,000 631.01
45500.00 LIBRARIES 38,000 38,000)100.00)
80000.00 Transfers to other Funds 414,000
TOTALS FUND 430 450,422 158,000 196,000 1,155,000 959,000 489.29
Fund 440 FACILITIES MANAGEMENT FUND
41910.00 COMMUNITY DEVELOPMENT
41940.00 FACILITIES CITY HALL 180,215 70,000 70,000
41960.00 GESP
42100.00 POLICE 167,000 167,000 233,000 66,000 39.52
42200.00 FIRE 25,085 700,000 700,000 185,500 514,500)73.50)
43100.00 STREET
43400.00 CENTRAL GARAGE 29,289 86,000 86,000 86,000)100.00)
45100.00 RECREATION 3,360 60,000 60,000 60,000)100.00)
45500.00 LIBRARIES 125,000 125,000
49400.00 WATER
80000.00 Transfers to other Funds
TOTALS FUND 440 237,949 1,013,000 1,013,000 613,500 399,500)39.44)
Fund 450 PERMANENT IMPROVEMENT REVOLVING FUND
43100.00 STREET
80000.00 Transfers to other Funds 287,150 282,751 282,751 203,100 79,651)28.17)
TOTALS FUND 450 287,150 282,751 282,751 203,100 79,651)28.17)
Fund 601 WATER FUND
41520.00 FINANCE 111,366 112,766 112,766 121,121 8,355 7.41
47000.00 DEBT SERVICE 24,825
49400.00 WATER 3,125,717 3,203,946 3,203,946 3,937,746 733,800 22.90
80000.00 Transfers to other Funds 1,801,456 912,425 912,425 938,963 26,538 2.91
TOTALS FUND 601 5,063,364 4,229,137 4,229,137 4,997,830 768,693 18.18
Fund 602 STORM WATER UTILITY
49420.00 WATER QUALITY 730,212 1,049,425 1,049,425 1,376,655 327,230 31.18
80000.00 Transfers to other Funds 451,795 118,600 118,600 110,000 8,600)7.25)
TOTALS FUND 602 1,182,007 1,168,025 1,168,025 1,486,655 318,630 27.28
Fund 604 SEWER FUND
41520.00 FINANCE 111,332 112,296 112,296 120,598 8,302 7.39
47000.00 DEBT SERVICE 24,825
49450.00 SEWER 3,279,211 4,155,827 4,155,827 4,162,414 6,587 0.16
80000.00 Transfers to other Funds 1,031,690 334,750 334,750 330,750 4,000)1.19)
TOTALS FUND 604 4,447,058 4,602,873 4,602,873 4,613,762 10,889 0.24
TOTALS ALL FUNDS 46,595,919 35,178,742 35,968,622 39,848,367 3,879,745 10.79
4,669,625 13.27
From Original Budget
1
2023 Proposed Tax Levy Components
Attachment 2
LEVY CHANGE TO MAINTAIN CURRENT SERVICE LEVELS AND ADD FT FIRE STAFF – 12.98%
FT Fire staffing model with NO SAFER Grant – 5.62%
FT Fire Personnel New Personnel and Benefit Costs 658,000
FT Fire Unscheduled OT 29,000
FT Fire workstations/equipment/uniforms 29,000
POC firefighters’ reduction due to FT staffing (78,000)
Additional fire service agreement revenue (181,000)
Incremental tax levy increase to prepare for future FT Fire costs 400,000
Total FT Fire levy impact with NO SAFER Grant $857,000
For the transition to full-time Fire staffing, the financial plan assumes that the city does not receive the SAFER grant
and hires the firefighters for a mid-year start of July 1, 2023. Under this scenario, the tax levy impact of FT fire
staffing is 5.62% of the tax levy increase. The funding request includes an incremental tax levy increase of $400k
in 2023 to prepare for future full-year fire department costs.
Additional Personnel Adds: .71%
Police Property Room Manager $93,000
Eliminate PT Community Service Officer and seasonal CSOs (93,000)
Headcount add but budget neutral - 0 -
The immediate need for the Police Dept is the addition of one civilian FTE to manage the property room. The
property room is currently staffed by a part-time CSO which is not in line with any best practice. The integrity
required and liability associated with property room oversight must be second to none. This position can be created
in a budget neutral way by repurposing the CSO PT and seasonal positions.
Financial Analyst - $68,000 This position will help support all aspects of financial planning and management, including capital project
expenditure monitoring and debt management. Financial and accounting activity levels are growing along with new
reporting requirements and governmental accounting standards.
Mechanic - $41,000 The part-time mechanic position would become full-time for fleet maintenance as well as to provide additional
support for snow and ice control operations. With continued growth in the city, vehicles and equipment are being
added. Preventative maintenance is critical to enhance the life of the City’s assets.
Capital Improvement Program (CIP) Tax Levy Components - .88%
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 $1.47M. The financing plan reflects a gradual
increase in the tax levy until the annual levy reaches our annual funding goal. The proposed total levy for 2023 is
975k. Since the proposed levy increase is gradual, bonding may be required for the plan to meet our funding
needs.
Park Equipment Replacement funding -$35,000 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. 2023
projects include Ponds phase I, Ponds playground replacement, the Northwood basketball court maintenance,
and the Sand Point Beach renovation study.
Facilities Management Plan funding -$50,000 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. 2023 includes carpet, overhead doors and
irrigation system at the Police Station, phase II of the library remodel, irrigation system and vehicle exhaust
system at FS #1, carpet and infrared tube heater at FS #2, and wall coverings at City Hall.
Mandatory Items – 5.77%
2
STAFFING
Wage/COLA and Benefits - $382,000 The budget includes a proposed cost of living adjustment (per labor agreements), city payroll taxes and health
insurance premium contribution increase.
Election Judges – ($54,000) There are no elections in 2023.
CURRENT EXPENDITURES
Fuel - $204,000 Increase in funding due to the rising cost of gas and diesel fuel.
Software Service Contracts – $132,000 Most of this cost ($96k) is for Public Safety: police cameras, video storage technology, SEIM tool, mobile device
management and encrypted cards and reader.
Supplies – $95,000 Increase in funding for supplies due to price increases due to inflation, technology upgrades and repairs to aging
playgrounds/parks.
Capital Outlay - $56,000 $36k for mandatory poll pad replacement and new tabulators for the precinct; copier/printer replacements.
Utilities - $79,000 72% estimated increase in electric and street/park lighting.
Professional Services/Maintenance/Other – ($105,000) Decrease in maintenance agreements (due to 2022 one-time expenses and Public Works reductions), professional
services (decreases in legal expenses and LMCIT property insurance rate reduction; as well as 2022 one-time
expense for the community survey); and other services.
OTHER
Other Items - 91,000 88,000) reduction in debt service.
128,000) levy reduction due to net increase in non-tax revenue sources (primarily for additional
Minnesota state aid for Street Maintenance, Police and Fire of $102,000)
297,000 increase in tax levy in 2023 due to less use of reserves as compared to the 2022 budget. We
need to levy for expenditures that were funded with reserves in the prior year.
The EDA budget includes a funding increase of $10,000 to bring the EDA tax levy to $370,000. This is an
incremental increase in funding primarily for wages, property taxes and maintenance costs for 2023 EDA
owned properties including 4662/4662 Dakota St SE and 16298 Main Ave SE.
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.
The total 2022 use of reserves is $328,800 comprised of the following items:
54,000 for the community survey
6,000 for maintenance and updates of the council chambers equipment to televise the council meetings
43,800 to increase the fuel budget
Several items were carried forward from the 2021 budget as the work could not be done due to supply chain
issues
3
13,000 for emergency siren maintenance costs and training – carry forward from prior year due to
supply chain issues
115,000 for police department expenditures
79,390 for the street department and $17,610 for the parks department. Staff was not able to complete
sidewalk maintenance at the police department and on Willow Lane
2023 Planned Use of Reserves is $32,000 to fund the following items:
Election equipment –poll pad replacement and new tabulators for the precinct added
In 2023, the City of Prior Lake will transition from a paid-on-call to a full-time
Fire Department. This is necessary to better response times, provide a safer
environment, and enhance public education.
Members of the community who are paid-on-call firefighters respond to emergency
calls, like car accidents, medical assistance, and fires. Our firefighters respond to calls
over a 74 square mile area in Prior Lake, Credit River, and Spring Lake Township,
providing services to over 37,000 people. City leaders from all three communities are
working together to develop a plan to move forward with a full-time department.
The proposed department would add 12 full-time firefighters to provide 24/7
emergency response. The Department already has a full-time Fire Chief and Assistant
Fire Chief along with paid-on-call firefighters who will continue to support the
Department.
Full-Time Fire Department
CITY OF PRIOR LAKE
Why does the City need a full-time Fire Department?
Recruitment and Retention
Emergency calls occur at all hours which is difficult for paid-on-call firefighters with
full-time employment and families. The Department budgets for 50 paid-on-call
firefighters but only 33 positions are currently filled. The most recent hiring process
saw only four applications and, in the end, none were able to serve. Over the past five
years, 27 firefighters retired or resigned and only 19 were hired to replace them.
J U L Y 2 0 2 2
Enhanced Safety Programs
Currently many requests for public education visits go unanswered due to staffing
challenges. Full-time staff will be readily available for fire prevention and education
giving our community a better understanding of fire safety. Full-time staff will also
develop a life safety inspection and pre-plan program of high occupancy facilities and
commercial buildings. This program will give our firefighters better working
knowledge of target hazards in and around properties to work more efficiently and
safely.
Funding for the transition to a full-time Department will be a blend of general fund
tax levy and contracts with Credit River and Spring Lake Township. The City has
applied for a federal grant to help staffing costs for the first three years.
Response Times
A fire can engulf a home in less than five minutes. After eight minutes, the chance of
surviving a heart attack is reduced by 60 percent.
Paid-on-call firefighters get paged for emergencies and respond from wherever they
are, they could be at home, work, shopping, etc., traveling to the fire station adds
critical minutes to response times. Travel time to the station adds almost six minutes
to each call response. Full time firefighters, on duty 24/7, will be on the scene much
faster to aid in saving lives and limiting property loss.
Growth
As the population grows, so does the demand for services. Calls have increased by 44
percent over the past five years, especially medical calls. What worked in the year
2000 simply cannot meet the needs of a larger community in 2022 and beyond. With
a service area population projected to be over 49,000 by 2040, the Department needs
to be prepared to meet the needs of a growing community.
Staffing has decreased 36% *Calls have increased 44% *
Data collected from 2017-2022
How will this be funded?
J U L Y 2 0 2 2
Full-Time Fire Department
CITY OF PRIOR LAKE
CHECK REGISTER FOR CITY OF PRIOR LAKE 1/11Page: 10/31/2022 09:24 AM
User: jringberg
DB: Prior Lake
CHECK DATE FROM 10/08/2022 - 10/28/2022
AmountDescriptionVendorNameVendorCheckCheckDate
Bank 1 General Bank
1,554.682022DentalClaimsDELTADENTAL000272139090(E)10/11/2022
1,265.90Sep2022MerchantFeesINVOICECLOUD000280919091(E)10/11/2022
216.87Sep2022MerchantCardFeesTRANSFIRST000206939092(E)10/11/2022
36.98UBrefundforaccount: 30406400ALBRECHTJERALDREFUND-UB11101710/14/2022
390.00SirenRepairANCOMTECHNICALCENTER0000165511101810/14/2022
141.81UBrefundforaccount: 40686304BEAUCAGEERIKAREFUND-UB11101910/14/2022
23.50UBrefundforaccount: 40865102CABILLOTJEANREFUND-UB11102010/14/2022
107.88UBrefundforaccount: 40586104CAMERONKIMBERLYREFUND-UB11102110/14/2022
114,270.79 #2 FS #1RenovationCENTURYCONSTRUCTION0002820511102210/14/2022
105.00Sep2022TaiChiInstructorCHRISTINETMORGAN0002731611102310/14/2022
3,625.08Sep2022UBBillingCSGSYSTEMSINC0002750611102410/14/2022
250.00Peppin - DataWorkshopDATAPRACTICESOFFICE0002754711102510/14/2022
816.25StreetSweepingsDEM-CON LANDFILLLLC0000436011102610/14/2022
27.12UBrefundforaccount: 10275501DEPAUWBRITNEYREFUND-UB11102710/14/2022
4,067.31Sep2022RefuseDICK'S SANITATIONINC0002791811102810/14/2022
405.00Sep2022YogaInstructorELEANORALLEN0002806011102910/14/2022
309.60SingingBowlsSoundBath/Chakra Workshop
714.60
1,650.00ConcreteRepair - 16180 HastingsAveEXPERTCONCRETERAISING0002823711103010/14/2022
2,500.0021-0489 3913 Noah CourtNWFIELDSTONEFAMILYHOMESMISC-CD11103110/14/2022
579.08UBrefundforaccount: 40403200GRISWOLDDENNISREFUND-UB11103210/14/2022
62.43UBrefundforaccount: 40621900HALBKATMARKREFUND-UB11103310/14/2022
2,500.0021-2349 2894 preserve BlvdNWHARTMANHOMESMISC-CD11103410/14/2022
1,167.70ExteriorLighting - Lakefront PavilionHAYESELECTRICINC0000831511103510/14/2022
413.90SCADAControlRepair - MC
2,521.44GeneratorRe-wire - WTF
4,103.04
15.32UBrefundforaccount: 40804302HOGANDAVEREFUND-UB11103610/14/2022
355.38RepairSuppliesHOMEDEPOTCREDITSERVICES0000886511103710/14/2022
85.00Simon - RegionalMeetingINT'L INSTITUTE OF MUNICIPALCLERKS0002771211103810/14/2022
600.00GardenClubFieldTripJAMIEROCKNEY0002824311103910/14/2022
149.58UBrefundforaccount: 40301500JOHNSONMARKREFUND-UB11104010/14/2022
2,500.0022-0094 17858 Meadows WaySEKEYLANDHOMESMISC-CD11104110/14/2022
2,500.0021-2247 17846 Mission Trail SE
2,500.0021-2249 17751 Mision Trail
7,500.00
12,944.87CSAH21/RevereKIMLEY-HORN & ASSOCIATESINC0001137211104210/14/2022
42.35UBrefundforaccount: 30389800KLINGFUSJEFFREFUND-UB11104310/14/2022
3,990.00CurbStopReplacement - 16755 Dublin RdKRUEGEREXCAVATING0001182811104410/14/2022
476.76469GreasebanksuppliesLUBECOREMN0002824111104510/14/2022
90.00Sep2022YogaInstructorMARYMULLETT0002817211104610/14/2022
1,500.00LakeCityFallTourMEDICINELAKETOURS0002820911104710/14/2022
41.66UBrefundforaccount: 40656100MEILLEUREDWARDREFUND-UB11104810/14/2022
63.89SuppliesMENARDSLUMBERCO0001331811104910/14/2022
6.57Supplies
70.46
2,500.0019-1108 13589 Crownline DriveNEMIHOMESOFMINNEAPOLISLLCMISC-CD11105010/14/2022
CHECK REGISTER FOR CITY OF PRIOR LAKE 2/11Page: 10/31/2022 09:24 AM
User: jringberg
DB: Prior Lake
CHECK DATE FROM 10/08/2022 - 10/28/2022
AmountDescriptionVendorNameVendorCheckCheckDate
2,500.0021-0197 13591 Kensington Ave NE
2,500.0020-1459 13629 Crownline Drive NE
2,500.0019-1002 13667 Kensington Ave NE
2,500.0020-2586 13713 Crownline Drive NE
12,500.00
266.04UBrefundforaccount: 40623800MILLERJOHNREFUND-UB11105110/14/2022
25.00Young - AnnualMembershipMNRECREATION & PARKASSN0001367011105210/14/2022
71.00LumberMONNENSSUPPLYINC0001390911105310/14/2022
20.75UBrefundforaccount: 40693001MONTURYGREGREFUND-UB11105410/14/2022
100.00BCAReviewandWorkMORRISELECTRONICSINC0002738011105510/14/2022
2,208.66PortablefireradioequipmentMOTOROLA0001393711105610/14/2022
3,654.00Portablefireradioequipment
5,862.66
1,760.00TIFDist1-6NORTHLANDSECURITIESINC0001477511105710/14/2022
28.34UBrefundforaccount: 30023115OPENDOORTECHNOLOGIESINCREFUND-UB11105810/14/2022
33.51UBrefundforaccount: 40559702PATTERSONJESSICAREFUND-UB11105910/14/2022
123.50UBrefundforaccount: 30924901PLOUMENPATRICKREFUND-UB11106010/14/2022
4,723.26FirePreventionMaterialsPOSITIVEPROMOTIONS0001646511106110/14/2022
2,500.0021-0330 5209 Hampton StreetNEPULTEHOMESOFMINNESOTAMISC-CD11106210/14/2022
53.95UBrefundforaccount: 40032701RADOSEVICHGWENREFUND-UB11106310/14/2022
641.25SeedRAMYTURFPRODUCTS0001817311106410/14/2022
46.87UBrefundforaccount: 10246302REIERSONMICHAELREFUND-UB11106510/14/2022
739.55SignsSAFETYSIGNS0001902411106610/14/2022
59.94StrawSAILERSGREENHOUSE0001903711106710/14/2022
90.52UBrefundforaccount: 10684901SCHMITZKIRAREFUND-UB11106810/14/2022
35.12UBrefundforaccount: 40599100SCHUTZJOANNEREFUND-UB11106910/14/2022
29,543.543rdQtr2022CourtFinesSCOTTCOUNTYATTORNEY0001923211107010/14/2022
360.00MowingSignsSDDISIGNS0002758511107110/14/2022
1,059.23PaintSuppliesSHERWIN-WILLIAMSCO0001945611107210/14/2022
54,281.10Sept2022WaterPurchasesSMSC0001938411107310/14/2022
211.50Sep2022OrganicsRecycling
54,492.60
33.08Sep2022LegalNoticesSOUTHWESTNEWSMEDIA0001967611107410/14/2022
19.08UBrefundforaccount: 40693306SPENCERCRAIGREFUND-UB11107510/14/2022
63.19UBrefundforaccount: 30238901TANDEENTERPRISESREFUND-UB11107610/14/2022
7,226.00518JomaBladesTOWMASTER0002065911107710/14/2022
31.98MiscSuppliesTRACTORSUPPLYCREDITPLAN0002066311107810/14/2022
119.38468DifflockvalveTRUCKCENTERCOMPANIES0002787811107910/14/2022
2,550.00MessageBoardUpdateWARNINGLITESOFMINNESOTA0002319611108010/14/2022
224.76Sep2022ClearLawEnforcementPlusWESTPAYMENTCENTER0002342011108110/14/2022
1,373.79GarageSuppliesZACKSINCORPORATED0002610011108210/14/2022
148.68FlowerReplacements - 17644 Natures WayBACHMAN'SINC000020359093(A)10/14/2022
180.00CardinalOverlookAdditionBOLTON & MENKINC000026379094(A)10/14/2022
135.00DistinctiveShores
135.00Lil' Explorers-Fountain Hills
180.00MesenbrinkSWPPPInspection
8,199.00ParkwoodEstatesDevelopment
2,363.00PikeLakeLandingConstObservation
11,192.00
9,317.21Sep2022GeneralMattersCAMPBELLKNUTSONPA000280439095(A)10/14/2022
3,562.00Sep2022Litigation
CHECK REGISTER FOR CITY OF PRIOR LAKE 3/11Page: 10/31/2022 09:24 AM
User: jringberg
DB: Prior Lake
CHECK DATE FROM 10/08/2022 - 10/28/2022
AmountDescriptionVendorNameVendorCheckCheckDate
12,879.21
914.19Sep2022MiscSuppliesCARLSONHARDWARECOMPANY000031259096(A)10/14/2022
199.08Aug2022 - RateChangeCOVERALL000275719097(A)10/14/2022
6,671.00Oct2022Cleaning
354.00)Sep 2022 - Rate Change
6,516.08
102.697114SquadsuppliesEMERGENCYAUTOMOTIVETECHINC000054809098(A)10/14/2022
416.447114Squadsupplies
209.657114Squadsupplies
728.78
824.85Sep2022LocatesGOPHERSTATEONE-CALLINC000075259099(A)10/14/2022
70.81464unitnumbersGRAFIXSHOPPE000076159100(A)10/14/2022
950.007114and7109squaddecals
1,020.81
884.74Sep2022UniformsHUEBSCH000275369101(A)10/14/2022
7.74NotaryBookINNOVATIVEOFFICESOLUTIONSLLC000271499102(A)10/14/2022
8.60Calendar
140.04USBDrives
156.38
269.18PerDiem, MIleage - BCAConferenceJENNIFERBISEK000271479103(A)10/14/2022
20.00NotaryRecordingFeeJILLSTILWELL000280549104(A)10/14/2022
3,020.00Inspection/Review of AntennaReinstallatKLMENGINEERINGINC000115209105(A)10/14/2022
53.29524RearaxleplugsMTIDISTRIBUTINGINC000139519106(A)10/14/2022
323.34Sep2022MiscSuppliesPRIORLAKEHARDWARE000166589107(A)10/14/2022
77.72EColiTestingUCLABORATORY000212359108(A)10/14/2022
90.46GeneratorcordpartsVIKINGELECTRICSUPPLY000226309109(A)10/14/2022
104.99Generatorcordparts
1,332.48Generatorpowercord
8.52Generatorcordparts
282.18Generatorcordparts
95.66Generatorcordparts
101.92Generatorcordparts
187.86Generatorcordparts
2,204.07
119.974thQtr2022BottledWaterWATERLOGICAMERICASLLC000275839110(A)10/14/2022
331.08AsphaltWMMUELLER & SONSINC000236459111(A)10/14/2022
50.59SensorWOLFMOTORCOINC000236759112(A)10/14/2022
72.25452Fuelfilter
21.066397Reartaillampsockets
143.90
1,809.752022 & 2023 PondMaintenanceWSB & ASSOCIATESINC000237809113(A)10/14/2022
316.5017599RidgewoodCtSEWCAReview
244.00Pond92Study
2,886.00ChaseREGalleryAptTrafficStudy
305.75MeadowGreen
CHECK REGISTER FOR CITY OF PRIOR LAKE 4/11Page: 10/31/2022 09:24 AM
User: jringberg
DB: Prior Lake
CHECK DATE FROM 10/08/2022 - 10/28/2022
AmountDescriptionVendorNameVendorCheckCheckDate
145.00CaribouCabin
5,707.00
90.00FallInvaders - FS #1XTREMEPESTSOLUTIONSINC000271169114(A)10/14/2022
65.00FallInvaders - FS #2
155.00
2,769.04PartsZIEGLERINC000265009115(A)10/14/2022
2,767.57Parts
1,483.31Parts
1,945.04Parts
295.60781Injectorrepairmileage
4,827.29Parts
32.12)Blade
14,055.73
657.372022DentalClaimsDELTADENTAL000272139137(E)10/17/2022
1,154.34Oct2022ElectricBillsSHAKOPEEPUBLICUTILITIES000193889138(E)10/17/2022
212.61Sep2022FuelTaxMNDEPTOFREVENUE000136129139(E)10/19/2022
725.00Sep2022SalesTax
937.61
88.00Sep2022COBRAAdminFeeALERUS000013759140(E)10/20/2022
170.68ServiceSaddleBOYSWATERPRODUCTS0002824911108310/21/2022
2,500.0021-2610 17660 Jett CircleSEBRANDLANDERSONHOMESMISC-CD11108410/21/2022
930.002020ParkingMeterCALEAMERICAINC0002763711108510/21/2022
231.11ParkingMeterPaperRolls
100.002020ParkingMeter
105.002021ParkingMeter
105.00Jan2022ParkingMeterHosting
105.00Feb2022ParkingMeterHosting
105.00Mar2022ParkingMeterHosting
100.00May2022ParkingMeterHosting
457.74ParkingMeterKeypad
66.89ParkingMeter "Pay Here" Decal
52.37ParkingMeterKey
105.00Jun2022ParkingMeterHosting
106.80Jul2022ParkingMeterHosting
106.80Aug2022ParkingMeterHosting
2,676.71
100.65CityHall1stAidSuppliesCINTASCORPORATION0000350611108610/21/2022
120.00Sep2022FootCareSessionDARLENETHOMEZ0002825211108710/21/2022
240.00Oct2022FootCareSession
360.00
2,500.0022-0098 3153 SunshineCurveDRHORTONMISC-CD11108810/21/2022
2,500.0021-2799 3100 Sunflower Way
5,000.00
299.99WaterMetersFERGUSONWATERWORKS #25160000623111108910/21/2022
CHECK REGISTER FOR CITY OF PRIOR LAKE 5/11Page: 10/31/2022 09:24 AM
User: jringberg
DB: Prior Lake
CHECK DATE FROM 10/08/2022 - 10/28/2022
AmountDescriptionVendorNameVendorCheckCheckDate
348.60WaterMeters
307.50TrashPump
956.09
52.99468AirvalveFLEETPRIDE0000326011109010/21/2022
1,350.88StocksquadtiresGOODYEARCOMMERCIALTIRE0000751011109110/21/2022
2,223.00LeatherHelmetsHEIMANFIREEQUIPMENT0000841911109210/21/2022
335.00Pre-EmploymentAssessmentINNOVATIVEGROWTHLLC0002814411109310/21/2022
660.00Sep2022LineDanceInstructorJANEBREEGGEMANN0002788611109410/21/2022
360.00Sep2022ZumbaInstuctorJENNIFERMARTH0002812311109510/21/2022
2,500.0022-0138 17830 Misssion TrailSEKEYLANDHOMESMISC-CD11109610/21/2022
8,427.00WaterMainRepair - 15310 EdgewaterCirKRUEGEREXCAVATING0001182811109710/21/2022
163.35TireRecyclingLIBERTYTIRERECYCLINGLLC0001262811109810/21/2022
650.00ExteriorCaulking - FSMIDLANDGLASSCOINC0002783611109910/21/2022
117.23523DeckwheelandHYDoilMIDWESTMACHINERYCO0002811311110010/21/2022
71.43523Deckliftlink
188.66
330.00543RearglassMILESTONEAUTOINC0001351011110110/21/2022
673.262022UnclaimedPropertyMNDEPTOFCOMMERCE0001359811110210/21/2022
33.00PropanePRIORLAKERENTALCENTER0001670011110310/21/2022
205.87RecreationSuppliesSAM'SCLUB0001903611110410/21/2022
69.96PaintSHERWIN-WILLIAMSCO0001945611110510/21/2022
320.00 #7130 WindshieldTintSOLARSHIELDINC0002825311110610/21/2022
49.20Sep2022PhoneBillT-MOBILE0002696211110710/21/2022
31.08Oct2022PhoneBillT-MOBILE0002696211110810/21/2022
75.00ShippingTFORCEFREIGHT0002824611110910/21/2022
117.46GasMaskEyeGlassInsertUSBANK0000210511111010/21/2022
311.39ReplacementPads
30.00Wedel - FAll Forum
116.00Briggs, Burkart - Zoing Seminar
407.97CityHallArtwork
106.37Cochran - Conference Registation
35.00Mayer - Bldg Official Limited Cert
105.00Aug2022BackgroundChecks
19.98TicketPrinterPowerCord
156.70WellnessDrawingGift
16.47JollyRancherCandy
110.61DataVacComputerCleaner
66.46CellPhoneChargers
31.16DomainRenewal
322.09WellnessDrawingGift
58.25AnnualSubscription
579.50Sep2022BackgroundChecks
60.00FallCommunityFestRegistration
33.07SRTGloves
60.11GunToolSupplies
43.35EvidenceBags
59.98DesktopComputerDrawer
332.50SRTTecPointLights
44.02CleaningSupplies
607.00HPLaserjetProM283fdw
456.34Heyne - Sit/Stand Desk
408.39Erickson - GFOA Conference Lodging
272.42Kleckner - GFOA Conference Lodging
40.25Erickson - GFOA Conference Lodging
543.97CityCouncilWorksession
21.97Lunch - Strategic Planning Retreat
CHECK REGISTER FOR CITY OF PRIOR LAKE 6/11Page: 10/31/2022 09:24 AM
User: jringberg
DB: Prior Lake
CHECK DATE FROM 10/08/2022 - 10/28/2022
AmountDescriptionVendorNameVendorCheckCheckDate
23.77Refreshments - Police Chief Meet & Greet
89.80CouncilChambers - Bottled Water
25.71HandSoap
32.18Signage
153.01Lunch - Strategic Planning Retreat
275.00CJIUserConference
275.00Heinzmann - Users Conference
25.00TrafficCodeBook
375.00Food - PD Debriefing
16.84Nameplate
38.67BallisticHelmetBadgeDecals
139.75DataPracticeBooks
245.52Bisek - Convention Lodging
245.52Heinzmann - Convention Lodging
136.15SpeakerWire
110.49FireStationSupplies
37.87SwivelCasterWheels
0.9950GBiCloudStorage
1,816.372022FallConferenceRegistrations
26.65Pop - Q3 PW Meeting
325.00WaterResourceConference
100.00TreeInspectionRecertification
257.222Coolers
44.98GreaseGunHose
47.80WaterFilters
137.72WaterFilters
488.44WirelessHeadset
272.76WD40
298.30MiscOfficeSupplies
296.16Pizza - PW Quarterly Meeting
173.002022MembershipRenewal
100.502023CalendarRefills
1,588.59Lockers
42.85NotaryStamp, Record Book
167.38ParksTrailCamera
284.78FlowTruckValves
60.00FallCommunitFestRegistration
345.00Hart - Virtual Conference Registration
330.00ClubPriorSpaghettiFeedSupplies
1,808.07ReplacementSoccerGoalandNets
105.25Chalkfest - Staff Lunch
50.00ChalkfestContestPrize
50.00ChalkfestContestPrize
345.00Coy - Virtual Conference Registration
103.00GardenVolunteerThankYou
6.59Water - Chalkfest
50.00ChalkfestContestPrize
56.89LakefrontPavilionSupplies
225.28CandyCrawlandGardenSigns
50.00ChalkfestContestPrize
51.98ChalkfestContestPrize
50.00ChalkfestContestPrizes
105.12StorageBins
1.09ChalkfestBoost
50.00ChalkfestContestPrize
50.00ChalkfestContestPrize
1,040.10LogoEventBags
50.00ChalkfestContestPrize
50.00ChalkfestContestPrize
75.00Peerboom - DMT Training
CHECK REGISTER FOR CITY OF PRIOR LAKE 7/11Page: 10/31/2022 09:24 AM
User: jringberg
DB: Prior Lake
CHECK DATE FROM 10/08/2022 - 10/28/2022
AmountDescriptionVendorNameVendorCheckCheckDate
199.00Training - Tactics for Ciminal Patrol
262.90SRTMagpulMags
175.96OC/OC Holder
250.00ArmorerCourseFee
159.78SRTTrainingSupplies
167.98SRTWinterBoots
167.98SRTWinterBoots
50.00AnnualMembershipDues
134.22SRTLowRidgeHolsterExt
88.95SRTWinterGloves
372.91RainGear
194.04ClubPriorSupplies
191.18ClubPriorSupplies
10.72ShaghettiFeedSupplies
296.06FieldTripTransportation
111.50GameNightBreadBowls
4,080.19FS #1 TV's
2,074.00AVEncoder/Decoder
45.98InstantColdPacks
302.40FluidFilm
200.00)Partial Refund - 8/16/2022 Field Trip
181.05)Refund - Chalkfest Signs
60.34)Refund - Chalkfest Signs
81.00)Credit for Mop/Bucket
46.03)Refund - Ticket Printer Cable
39.99)Return - Post-It Easel Pads
28,124.26
2,400.00Sep2022AnimalControl4PAWSANIMALCONTROLLLC000067989116(A)10/21/2022
565.50WildsLiftStationRehabBOLTON & MENKINC000026379117(A)10/21/2022
4,272.00SpringviewMeadows
180.00SuiteLivingofPriorLake
37,695.002021DowntownReconstruction
1,412.50WaterSystemMemo
44,125.00
191.25Mileage - GFOAConferenceCATHERINEERICKSON000056809118(A)10/21/2022
1,125.00Nov2022CITManagedBackupCOMPUTERINTEGRATIONTECH000037609119(A)10/21/2022
2,614.00Oct2022Office365
3,739.00
498.44ManholeExtractorCORE & MAIN000273289120(A)10/21/2022
219.63StainlessboltsandcabletiesFASTENALCOMPANY000061409121(A)10/21/2022
28.54CableTie
248.17
7,463.47WaterTreatmentChemicalsHAWKINSINC000083129122(A)10/21/2022
6,001.25LakefrontPark - Watzl's Beach MasterPlHOISINGTONKOEGLERGROUPINC000087309123(A)10/21/2022
111.16ToiletSeatKULLYSUPPLYINC000119409124(A)10/21/2022
1,720.00Sep2022PDCounselingServicesLEASTSERVICES/COUNSELINGLLC000276139125(A)10/21/2022
610.13472SidebroomactuatorMACQUEENEQUIPMENTINC000130549126(A)10/21/2022
126.65PartsMTIDISTRIBUTINGINC000139519127(A)10/21/2022
449.48525Controlmodule
576.13
CHECK REGISTER FOR CITY OF PRIOR LAKE 8/11Page: 10/31/2022 09:24 AM
User: jringberg
DB: Prior Lake
CHECK DATE FROM 10/08/2022 - 10/28/2022
AmountDescriptionVendorNameVendorCheckCheckDate
406.13PaperSuppliesNETWORKSERVICESCOMPANY000143819128(A)10/21/2022
191.25Mileage - GFOAConferenceNICOLEKLEKNER000282519129(A)10/21/2022
39.509260WaterchutebracketNOVAKCOMPANIES000149009130(A)10/21/2022
69.60Rock - Watermain Break at EdgewaterCirPENTAGONMATERIALSINC000274269131(A)10/21/2022
400.00Oct2022ROWayAppPERRILL000065029132(A)10/21/2022
282.70StockbrakepadsWOLFMOTORCOINC000236759133(A)10/21/2022
11,086.50TRN20-000001 Fish Pt Road EngSvcsWSB & ASSOCIATESINC000237809134(A)10/21/2022
560.00MarkleyLakeMonitoring
1,004.50Kiehm170thStreetReplacementPlanRevi
172.00ReverePlaceWCAReview
12,823.00
65.00PestControl - FS #2XTREMEPESTSOLUTIONSINC000271169135(A)10/21/2022
140.00FallInvaders - WTP
90.00FallInvaders - City Hall
90.00FallInvaders - PD
90.00FallInvaders - FS #1
140.00FallInvaders - Maint Ctr
90.00FallInvaders - Lakefront Pavilion
705.00
441.218502FMBladeKitZIEGLERINC000265009136(A)10/21/2022
2,800.90Parts
8,736.48GeneratorServiceRepairs
11,978.59
1,159.29Sep2022AdminFeesDELTADENTAL000272139141(E)10/21/2022
1,650.91Oct2022PhoneBillsNUVERA000193049142(E)10/21/2022
195.002022DentalClaimsDELTADENTAL000272139143(E)10/24/2022
87,922.77Nov2022HealthInsurancePremiumsMNPEIP000279099144(E)10/24/2022
23,713.46Oct2022ElectricBillsMNVALLEYELECTRIC000137389145(E)10/24/2022
360.00Oct2022HSAAdminFeesALERUS000013759146(E)10/26/2022
78.62CoffeeARAMARKREFRESHMENTSERVICES0000177211111110/28/2022
2,500.0022-0059 4831 Bennett StreetSEBRANDLANDERSONHOMESMISC-CD11111210/28/2022
2,500.0022-0186 4812 Benett Street SE
2,500.0021-2828 4801 Benett Street SE
7,500.00
346.26MtceCenter1stAidSuppliesCINTAS0000350611111310/28/2022
2,500.0022-0107 3159 Sunshine CurveNWDRHORTONMISC-CD11111410/28/2022
2,500.0021-2780 3094 Sunflower Way NW
5,000.00
2,500.0021-1457 3315 Thornton DriveSWETERNITYHOMESMISC-CD11111510/28/2022
2,867.16WaterMetersFERGUSONWATERWORKS #25160000623111111610/28/2022
1,319.40WaterMeters
77.22WaterMeters
166.63WaterMeters
166.63WaterMeters
430.99WaterMeters
31,650.00AnnualAMRSSoftwareLicense
36,678.03
CHECK REGISTER FOR CITY OF PRIOR LAKE 9/11Page: 10/31/2022 09:24 AM
User: jringberg
DB: Prior Lake
CHECK DATE FROM 10/08/2022 - 10/28/2022
AmountDescriptionVendorNameVendorCheckCheckDate
1,106.20Parts - Island ViewParkGAMETIME0000708211111710/28/2022
27.62AerosolGRAINGERINC0002303011111810/28/2022
390.00CutlerHammerDriveIDEALSERVICEINC0000923611111910/28/2022
1,350.00Parts
1,740.00
318.38PartsJOHNHENRYFOSTERMNINC0001049111112010/28/2022
2,500.0021-2694 17818 Meadows WaySEKEYLANDHOMESMISC-CD11112110/28/2022
7,860.00CurbStopReplacement - 46564 HarborVieKRUEGEREXCAVATING0001182811112210/28/2022
7,518.00FiveHawksPrairieLandRestorationLANDBRIDGEECOLOGICAL0002824711112310/28/2022
905.002016-2017 WC RetroCloseoutLEAGUEMNCITIESINSTRUS0001243511112410/28/2022
1,070.17ConcretePlantInspectionMNDEPTOFTRANSPORTATION0001382611112510/28/2022
529.86ConcretePlantInspections
1,600.03
984.98Sept2022RepairPartsNAPAAUTOPARTS0001406011112610/28/2022
17.85InterpreterServicesOFFICEOFMNITSERVICES0000439611112710/28/2022
2,500.0021-2618 17652 Jett CircleSEONETENTENHOMESMISC-CD11112810/28/2022
185.67785CouplersPOWERPLAN0002243511112910/28/2022
532.22785HydraulicFluid
717.89
5,219.90SportsCampInstructorREVOLUTIONARYSPORTSLLC0002785511113010/28/2022
1,960.252012LincolnMKZ #824612SCOTTCOUNTYATTORNEY0001923211113110/28/2022
11,373.73Oct2022DieselSTAPLESOILCO0002819311113210/28/2022
11,589.40Oct2022Unleaded
22,963.13
73.99WeedwhippartsTIM'S SMALL ENGINE REPAIRINC0002051011113310/28/2022
126.89518AirCylinderTOWMASTER0002065911113410/28/2022
166.24Arts & Culture CommitteeConsultantURBANEDRKCONSULTING0002797611113510/28/2022
4,918.50ToweringWoodsBOLTON & MENKINC000026379147(A)10/28/2022
306.93466BatteriesBOYERFORDTRUCKSINC000027109148(A)10/28/2022
1,379.94CarpetCleaning - LibraryCOMMERCIALSTEAMTEAM000037259149(A)10/28/2022
9.54ConcretesawFuelPumpCONCRETECUTTING & CORING000037859150(A)10/28/2022
7.18ConcretesawFuelPump
16.72
2,064.00PartsCORE & MAIN000273289151(A)10/28/2022
6,371.04Unit7114squadsuppliesEMERGENCYAUTOMOTIVETECHINC000054809152(A)10/28/2022
4,471.88TurfChemApplicationFARMERSMILL & ELEVATORINC000276329153(A)10/28/2022
4,968.75TurfChemApplication
4,511.63TurfChemApplication
13,952.26
1,140.00FirefighterGlovesFIREEQUIPMENTSPECIALTIESINC000064559154(A)10/28/2022
74.918743GeneratorDecalsGRAFIXSHOPPE000076159155(A)10/28/2022
2,441.00Ponds & Memorial ParkImprovementsHOISINGTONKOEGLERGROUPINC000087309156(A)10/28/2022
742.50SpringLakeParkMasterPlan
3,183.50
CHECK REGISTER FOR CITY OF PRIOR LAKE 10/11Page: 10/31/2022 09:24 AM
User: jringberg
DB: Prior Lake
CHECK DATE FROM 10/08/2022 - 10/28/2022
AmountDescriptionVendorNameVendorCheckCheckDate
116.58CustomNamePlates, NametagsINNOVATIVEOFFICESOLUTIONSLLC000271499157(A)10/28/2022
114.57MiscOfficeSupplies
231.15
215.00Parts & LaborLOCKSAFE000108559158(A)10/28/2022
2,612.80784VactorPartsMACQUEENEQUIPMENTINC000130549159(A)10/28/2022
88.72504FuelFilterMTIDISTRIBUTINGINC000139519160(A)10/28/2022
28.57Aug2022RepairPartsO'REILLY AUTOPARTS000150889161(A)10/28/2022
264.19Sep2022RepairParts
292.76
4,295.86FS #1CamerasPRO-TEC DESIGNINC000274299162(A)10/28/2022
217.88FS #1 Key Card Repair
4,513.74
460,538.48 #6 Downtown SouthReconstructionRYANCONTRACTINGCO000281539163(A)10/28/2022
191.07PartsVIKINGELECTRICSUPPLY000226309164(A)10/28/2022
43.26Parts
198.84Parts
64.25Parts
43.06Parts
33.73Parts
249.30Parts
3.748743Generator
32.688743Generator
507.87GFI
1,367.80
381.25LeakLocatesWATERCONSERVATIONSVCSINC000232009165(A)10/28/2022
38.66FilterWOLFMOTORCOINC000236759166(A)10/28/2022
14.49Squadcabinfilters
53.15
116.25KiehmStorageWSB & ASSOCIATESINC000237809167(A)10/28/2022
38.75VillasatCrestWoods
503.75ReverePlace
1,496.00GeneralEngineeringSupport
743.00SpringLakeRidge
1,305.75TH13TrailPlanningAnalysis
167.002022Misc. Sidewalk Improvements
1,265.00CaribouCabin
8,644.00PikeLakeLandingPost-Construction Supp
2,627.25ChaseREGalleryAptTrafficStudy
3,086.75MeadowGreen
19,993.50
2,783.86PartsZIEGLERINC000265009168(A)10/28/2022
8,693.57Oct2022NaturalGasBillsCENTERPOINTENERGY000135709169(E)10/28/2022
53,903.24Oct2022ElectricBillsXCELENERGY000147209170(E)10/28/2022
1 TOTALS:
1,325,884.83Totalof200Checks:
CHECK REGISTER FOR CITY OF PRIOR LAKE 11/11Page: 10/31/2022 09:24 AM
User: jringberg
DB: Prior Lake
CHECK DATE FROM 10/08/2022 - 10/28/2022
AmountDescriptionVendorNameVendorCheckCheckDate
1,325,884.83Totalof200Disbursements:
0.00Less0VoidChecks:
YTM @
Cost Cost Value
Days to
Maturity
of
Portfolio
0 1 Month 2.107 14,876,365 2 31.57%
1 3 Months 2.291 1,217,392 55 2.58%
3 6 Months 2.875 490,000 120 1.04%
6 9 Months 2.555 694,135 214 1.47%
9 12 Months 1.784 4,034,555 321 8.55%
1 2 Years 1.943 6,362,211 576 13.36%
2 3 Years 1.337 6,159,516 905 12.91%
3 4 Years 0.971 4,969,423 1,259 10.25%
4 5 Years 2.333 7,365,167 1,630 15.95%
5 10 Years 2.927 1,046,476 1,887 2.32%
Total Average 1.914 47,215,240 661 100.00%
CITY OF PRIOR LAKE,MINNESOTA
Investment Portfolio Diversification,by Maturity Range
September 30,2022
Description
City of Prior Lake Quarterly Investment Report
YTM @
Cost Cost Value
Days to
Maturity
of
Portfolio
Cash 1,188,423 1 2.52%
Certificate of Deposit 2.151 14,132,029 742 30.03%
FFCB Bond 0.892 2,070,383 1,275 4.35%
FHLB Bond 1.103 2,659,017 1,406 5.66%
FHLMC Bond 0.500 200,000 801 0.42%
LGIP 2.244 12,752,942 1 27.06%
Municipal Bond 1.849 13,478,903 962 28.26%
Treasury Note 2.193 733,543 1,613 1.70%
Total Average 1.914 47,215,240 661 100.00%
CITY OF PRIOR LAKE,MINNESOTA
Investment Portfolio Diversification,by Security Type
September 30,2022
Description
City of Prior Lake Quarterly Investment Report
Change
from one
9/30/2021 12/31/2021 3/31/2022 6/30/2022 9/30/2022 year prior
Market Value 14,412,610 13,628,317 11,451,561 13,722,257 13,941,365 (471,245)
111110
0.02% 0.03% 0.07% 0.90% 2.05%2.03%
Fixed Income Assets
29,577,498 30,895,588 31,360,176 32,321,683 33,273,875 3,696,377
29,891,353 30,920,003 30,387,293 30,910,391 31,173,111 1,281,758
951 970 887 897 938 (13)
800 895 822 838 831 31
1.66% 1.58% 1.57% 1.68% 1.85%0.19%
Total Portfolio Value
43,990,108 44,523,905 42,811,737 46,043,940 47,215,240 3,225,132
44,303,963 44,548,320 41,838,854 44,632,648 45,114,476 810,513
132,849 104,243 137,024 105,209 145,337 12,488
313,855 24,415 972,783 1,411,292 2,100,764 (2,414,619)
638 671 648 629 661 23
536 619 601 587 586 50
1.12% 1.11% 1.17% 1.45% 1.91% 0.78%
BENCHMARK
90 Day T Bill 0.04% 0.06% 0.52% 1.72% 3.33% 3.29%
0.05% 0.19% 1.06%2.51% 3.92% 3.87%
0.09% 0.39% 1.63%2.80% 4.05% 3.96%
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
September 30,2022
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 | 4646 Dakota Street SE | Prior Lake MN 55372
CITY COUNCIL AGENDA REPORT
ITEM: 5C
MEETING DATE: November 07, 2022
PREPARED BY: Jason Etter, Senior Accountant
Nicole Klekner, Assistant Finance Director
PRESENTED BY: Cathy Erickson, Finance Director
AGENDA ITEM: Approval of 3rd Quarter Financial Report
GOAL AREA
OBJECTIVE:
High-Value City Services
1. Establish financial stability for all funds.
RECOMMENDED ACTION:
Approve the 2022 3rd Quarter Financial Report as presented.
BACKGROUND:
Introduction:
Staff has prepared preliminary summary financial reports (attached) as of September 30, 2022,
for the following funds:
• General Fund
• Debt Service Funds
• Cable Fund
• Capital Park Fund
• Revolving Equipment Fund
• Facilities Management Fund
• Permanent Improvement Revolving Fund
• Water Fund
• Sewer Fund
• Water Quality Fund
• Economic Development Authority Special Revenue Fund
The reports reflect revenue and expenditure activity during the third quarter 2022. The reports
are preliminary, unaudited and may change. The attached memorandum provides a summary of
the significant issues.
As requested by the City Council, comparative information has been included for the same period
of the prior year.
ALTERNATIVES:
1. Motion and second as part of the consent agenda to approve the 2022 3rd Quarter
Financial Report as presented.
2. Motion and second to remove the Financial Report from the consent agenda for
additional discussion.
ATTACHMENTS:
Item 5C
Page | 2
1.2022 3rd Q Memorandum (attach 1)
2.2022 3rd Q Financial Report (attach 2)
MEMORANDUM
DATE: November 7, 2022
TO: Prior Lake City Council
FROM: Cathy Erickson, Finance Director
RE: Financial Report dated 09/30/2022
The financial reports presented as part of this agenda item reflect activity during the third
quarter of 2022. The significant issues identified at this time are summarized below.
General Fund Projection
Staff has prepared a financial projection for the General Fund. Our assumptions and projections
are based on the information we have today and may change as we get updated information. The
estimated reduction in (use of) General Fund reserves is $546k.
Shown below is a summary of the components of the estimated net decrease in Fund balance.
The drivers of the net reduction in fund balance are summarized below:
Estimated Revenue Shortfall - $618k
• Building permits/fees - $300k unfavorable to budget: Building permits/fees are at 60% of
budget through Q3. Staff estimates that total year revenue for building permits/fees will be
about $300k unfavorable to budget based on 2022 projected building permits/fees for 92
units. Single family residential building is down, but the city has three multi-family
residential building projects in the development phase (Preserve at Jeffers Pond/197 units,
Prior Lake Lofts/98 units and Rachel Development /140units). However, the multifamily
residential projects are estimated to finalize in 2023 not 2022.
• Intergovernmental revenue - $136k favorable to budget: This is due to state road aid
above budget by $80k (city budget based on prior year actual) and grant revenue not
budgeted of $48k (builder inspector and election grants).
General Fund Projection - 2022 2022
Projection
Total Revenues 15,918,000
Total Expenditures 16,554,000
Net Change-Reduction in Fund Balance (636,000)
2022 Year End Estimated Fund Balance Reserve % 52.1%
Components of Estimated Reduction in Fund Balance:
Revenue below budget (618,000)
Expenditures less than budget 310,000
Planned Use of Reserves (328,000)
Net Change -Reduction in Fund Balance (636,000)
Page 2
• Unrealized loss on investments - $515k unfavorable to budget: As rates increase, the
market value of the existing securities will decrease. As of September 30, 2022, the cost
value of the portfolio is more than the market value of the investments by $2.1M. The year-
to-date change in the fair value of the securities of $515k is adjusted against interest
earnings in each of the funds. This is a paper loss for the third quarter of 2022; no actual
gain/loss is realized because the city holds the securities until maturity
• Charges for Services - $75k favorable to budget: This is due to temporary lease
extensions requested by Sprint and AT&T totaling $47k and recreation program revenue
above budget by $28k.
Estimated Expenditures less than budget - $310k
• Expenditures are projected to be 98% of budget due to open positions across departments
(City clerk, Communications, IT, Comm. Dev., Police and Streets). Currently, all positions
are filled.
Planned Use of Reserves - $329k
• IT department professional services of $6,000 for the regular maintenance and updates
of the council chambers equipment to televise the council meetings.
• Emergency Management department expenditures of $13,000 for emergency siren
maintenance costs and training.
• Police department expenditures of $115,000. There were many supplies and equipment
that the police department ordered in 2021 but have not received due to global supply
chain issues.
• Central Garage department: Carryforward the 2021 fuel budget savings of $43,800 to be
used a funding source for the city’s rising fuel costs.
• Streets and Parks department: Staff was not able to complete sidewalk maintenance at
the police department and on Willow Lane. A budget amendment for Streets of $79,390
and for Parks of $17,610 is needed to carryforward the expenditures to 2022.
• Community Survey and Strategic Plan of $54,000
General Fund Activity through September 30th
Preliminary financial information reflects expenditures exceeding revenues by $777,447. This is
primarily due to building permits/fees at 60% of budget and there is a $515k decrease in the fair
value of the securities. This is a paper loss; no actual loss is realized because the city holds the
securities until maturity. Additionally, expenditures are at 67% of budget due to open positions
across departments (City clerk, Communications, IT, Comm. Dev., Police and Streets). See
Attachment 2 for the 3rd Quarter 2022 Financial Report.
General Fund Revenues
Property taxes are received in June, December, and January. Revenue from taxes is recognized
on a cash basis for the General Fund. Therefore, tax revenue collected in June are reflected in
this financial report.
Building permits (single family and townhomes) were budgeted at 150 for 2022. Revenues
associated with building permits and plan check fees are approximately $160k lower than year to
date through 3rd quarter 2021 and 60% of the annual budget. The following table provides a
breakdown of the activity year to date through September for each year shown.
Page 3
Year Single
Family
Townhomes Commercial /
Industrial
Other
Permits
Total Change
from PY
2022 74 4 1 1870 1949 (13%)
2021 102 0 4 2150 2256 (2%)
2020 118 4 3 2200 2325 29%
2019 105 49 2 1640 1796 (8%)
2018 85 57 1 1810 1953 66%
The first half payments were received for Municipal State Aid and the township fire agreements.
SMSC Police Aid of $750k has been received for 2022 which equals 75% of the $1,000,000
budget for this line item.
First and second quarter franchise fees are included in this report. Third quarter franchise fees
will be collected in October and reported in the fourth quarter report.
Project engineering fees are currently at 82% of its annual budget. The 2022 project admin/engr.
fee is the cost for internal work done on city construction projections. City staff time on the projects
is charged over the life of the project, which is typically three years and includes planning,
construction, and project closeout.
Recreation revenues (including Park admission fees and facility rental) are higher than the 3rd
quarter of 2021 primarily due to the increase in facility rentals and Recreation program fees.
Interest earnings are at 109% of its budget. The report also reflects a $515k decrease in the fair
value of the securities. This is a paper loss; no actual loss is realized because the city holds the
securities until maturity.
The miscellaneous revenue category includes planned developer agreement fee revenue which
is collected to cover the city’s internal cost to administer the development projects. Developer
agreement fee revenue is unfavorable to budget by $70k as several development projects have
shifted from 2022 to 2023.
General Fund Expenditures/Transfers
General Fund expenditures for 2022 represents 67% of the $16,864,687 amended budget due to
open positions across departments. Currently there are only two Police positions open. The level
of expenditures (as a percent of budget) is consistent with the same period in 2021. Key points
related to expenditures for the 3rd quarter of 2022 are:
• Admin is higher than the same period in 2021 due to the community survey of $24k and
the addition of an admin assistant.
• Police and Fire personal services now include additional staff as compared to this same
period last year.
• Streets general maintenance agreements are favorable by $190k compared to this same
time last year.
• Parks maintenance agreements are higher than the same period last year by $87k.
At this point in the year, there are no other significant variances to report.
Debt Service Funds
Property taxes and special assessments are received in June, December, and January (final tax
settlement). Prepayments have been received for special assessments.
Scheduled bond payments (interest) were made in June. Other bond payments (principal and
interest) will be due mid-December.
Page 4
Bond proceeds for the Downtown South Street project of $ 2,148,360 were received in August
and deposited in the Construction Fund.
Cable Fund
First and second quarter franchise fees are included in this report. Third quarter franchise fees
will be collected in October and reported in the fourth quarter report.
Capital Park Fund
Park Dedication Fees are less than compared to the same time in 2021 by $356k. Contract
payments of $13k have been incurred in 2022 compared to $197k in 2021.
Revolving Equipment Fund
Property taxes, the primary funding source, are received in June, December, and January (final
tax settlement).
Vehicle and equipment purchases were approved at council meetings earlier in the year, but most
of the equipment is purchased and received in the 2nd and 3rd quarter.
Revolving Park Equipment Fund
The planned infrastructure improvements and the Lakefront renovation study will be completed in
the 3rd and 4th quarter. $88k has been spent so far in 2022.
Facilities Management Fund
The planned Police, Fire, Central Garage and Club Prior facility work will be completed in the 3rd
and 4th quarter. $138k has been spent so far in 2022, $127k of which is for the fire station #1
remodel. The fire station #1 remodel work will be supported by $400k of ARPA grant revenue
funding.
Permanent Improvement Revolving Fund
There are no approved street overlay projects scheduled for 2022. The Council approved the
2022 Fee Schedule increase in gas and electric franchise fees dedicated to the city’s pavement
management plan. The first and second quarter collections are $504k. Third quarter collections
will be received in October.
Water Fund
The financial report for the Water Fund reflects four billing cycles. Operating revenues are at 61%
of budget. This is consistent with prior years. Consumption is consistent with 2021 and operating
revenues are behind the prior year by $188k. Summer water and sewer consumption from May
21 through July 20 were billed on August 1 and reflected in this report.
Operating expenditures and transfers are at 76% of budget which is slightly higher than prior
years due to the city experiencing several watermain breaks, resulting in expenditures higher than
budget by $149k for the water distribution maintenance line item.
Sewer Fund
The financial report for the Sewer Fund reflects four billing cycles. Operating revenues are at 49%
of budget. This is a slight decrease from prior years. The August billing cycle includes the summer
sewer rate break. The rate break will also be reflected on the October 1 billing which is recorded
in the 4th quarter. Consumption decreased slightly from 2021 (approximately 3%) and operating
revenues are behind the prior year by $23k.
Operating expenditures and transfers for 2022 are at 63% of the approved budget which is
consistent with prior years.
Page 5
Water Quality Fund
The financial report for the Water Quality Fund reflects four billing cycles. Water Quality revenues
are based on flat rates per billing cycle. Operating revenues are at 57% of budget. This is
consistent with prior years.
Operational expenditures and transfers are at 59% of budget which is consistent with prior years.
Economic Development Authority Special Revenue Fund
Property taxes are received in June, December, and January (final tax settlement).
Facility rental payments have been received from Sebastian Automotive.
Personnel, commissioner per diems, and professional services expenditures comprise the
expenditures and are at 18% of budget as of the end of the third quarter. The budget includes
$385k for property acquisition that will not occur in 2022, and the spending will shift to 2023.
City of Prior Lake
Treasurers Report
September 2022
Fund 9/1/2022 9/30/2022
Fund Type & Name No. Balance Receipts Disbursements Balance
Business-Type Funds
Water Fund 601 6,391,709.96$ 162,084.01$ 528,141.99$ 6,025,651.98$
Sewer Fund 604 3,898,319.87 78,982.15 314,072.44 3,663,229.58
Water Quality Fund 602 2,347,240.04 19,652.88 149,356.27 2,217,536.65
Total Business-Type Funds 12,637,269.87$ 260,719.04$ 991,570.70$ 11,906,418.21$
Governmental-Type Funds
General Fund 101 10,338,507.68$ 846,088.78$ 1,456,510.94$ 9,728,085.52$
Special Revenue Funds
Cable Franchise Fund 210 80,304.11$ 104.65$ -$ 80,408.76$
Capital Park Fund 225 1,670,362.13 3,878.75 103.00 1,674,137.88
Police Forfeiture Fund 235 149,319.39 691.76 2,666.25 147,344.90
EDA Special Revenue 240 180,997.31 2,272.21 11,756.14 171,513.38
Econ Dev Federal Revolving Loan Fund 250 134,882.02 175.77 - 135,057.79
Econ Dev MN Revolving Loan Fund 255 - - - -
Developer Agreement Fund 260 1,417,235.19 - 22,549.90 1,394,685.29
Federal ARPA Fiscal Recovery Fund 265 2,987,194.29 5,408.49 - 2,992,602.78
Total Special Revenue Funds 6,620,294.44$ 12,531.63$ 37,075.29$ 6,595,750.78$
Capital Project Funds
Tax Increment 402 -$ -$ -$ -$
TIF #1-3 413 130,749.72 170.38 - 130,920.10
TIF #3-1 414 402,753.94 - - 402,753.94
TIF #5-1 416 11,226.85 14.63 - 11,241.48
TIF #6-1 417 489,028.76 637.26 - 489,666.02
TIF #1-4 418 - - - -
TIF #1-5 419 41,157.31 53.63 - 41,210.94
Revolving Equipment Fund 410 708,551.56 64,489.15 80,745.10 692,295.61
Revolving Park Equipment Fund 430 1,346,790.12 1,706.49 37,244.13 1,311,252.48
Facilities Management Fund 440 1,365,441.82 7,937.34 - 1,373,379.16
Permanent Impr Revolving Fund 450 890,712.61 1,654.54 - 892,367.15
Construction Fund 501 418,333.29 2,061,959.62 556,435.20 1,923,857.71
Trunk Reserve Fund 502 5,545,473.31 31,574.93 - 5,577,048.24
Street Oversize Fund 503 1,433,564.44 1,868.10 - 1,435,432.54
Water Storage Fund 505 - - - -
Total Capital Project Funds 12,783,783.73$ 2,172,066.07$ 674,424.43$ 14,281,425.37$
Debt Service Funds
314-351 &
549-573 $ 4,095,531.92 17,834.64$ -$ 4,113,366.56$
Agency Fund 801 720,387.50$ 46,625.00$ 102,350.00$ 664,662.50$
Total Governmental Type Funds 34,558,505.27$ 3,095,146.12$ 2,270,360.66$ 35,383,290.73$
Internal Service Funds 7xx 674,119.38$ 4,318.38$ -$ 678,437.76$
Total All Funds 47,869,894.52$ 3,360,183.54$ 3,261,931.36$ 47,968,146.70$
Investment Pool & Ratio as of 9/30/2022 98.19% 47,099,055.45$
This report does not reflect financial obligations from contracts, agreements, purchases, services received, etc.
TREASURER’S REPORT FUND DESCRIPTIONS
General Fund - Represents the resources to support general operating budget expenditures of the City. The year-
end fund balance represents dollars that have accumulated over a period of time. The City Council has designated
a minimum of 45% of the current operating budget, for working capital to finance city operations.
Water Fund - For the collection of water billing utility revenue. This enterprise fund balance is allocated for the
operational costs of the Water departments and normally reserved for large capital municipal system expenses.
Sewer Fund - For the collection of sewer billing utility revenue. This enterprise fund balance is allocated for the
operational costs of the Sewer department and normally reserved for large capital municipal system expenses.
Water Quality Fund - An enterprise account funded by the storm water charge that is generated on the bi-monthly
water and sewer utility bills. The funds in the account are dedicated to finance water quality improvements
including departmental administration, storm water maintenance operations and improvement projects related to
water quality.
Cable Franchise Fund - Acts as a clearing house for funds received from the cable franchise company as specified
by ordinance.
Capital Park Fund - Dedicated funds received from developers in accordance with the City’s Park Dedication
requirement when land is platted. Funds are collected for the purpose of developing the City’s neighborhood park
and trail system. These dollars are programmed throughout the course of the City’s Capital Improvement
Program.
Police Forfeiture Fund – Special revenue fund created to track criminal and DWI forfeiture revenues and
expenditures.
ED Special Revenue – Reserved and expended at the direction of the Prior Lake Economic Development
Authority for specific economic development activity as allowed by MN Statute. The purpose is to provide
economic incentives for new business expansion within the community.
ED Fed/MN Loan Funds - Accounts for the proceeds of economic development grants received either from the
federal government or the State of Minnesota to provide seed money for a revolving loan account. This provides
economic incentive for new business expansion within the community.
DAG Special Revenue Fund - Special revenue fund related to costs the City incurs in connection with a
subdivision. Fees are paid to the City by the developer when the Development Contract and Final Plat are
approved by City Council. Revenues are used to pay for legal expenses incurred with review and approval of the
plat and inspection services on developer installed-utilities for newly approved subdivisions within Prior Lake.
Federal ARPA Fiscal Recovery Fund – Special revenue fund created to track American Rescue Plan Act funds
received by the City.
Water Revenue Bond Fund – PW Bldg - Debt service fund to pay bonds issued to construct the public works
maintenance building. The capital facility charge generated on the utility bill provides the funding for the bond
payments which occur semi-annually. Funds are transferred from Sewer and Water Fund.
Water Revenue Bond Fund – WT Plant - Debt service fund to pay bonds issued to construct the water treatment
plant. Revenue from the utility bills provides the funding for the bond payments which occur semi-annually.
Funds are transferred from Sewer and Water Fund.
Tax Increment Funds - Represents an accumulation of funds such as bond proceeds and project administration
fees charged to companies requesting project write-downs in the form of tax increment financing for new and/or
redevelopment. The TIF district property taxes are then deposited in a number of tax increment funds established
to track their respective revenue.
Revolving Equipment Fund - A regular replacement schedule for equipment needs of the City in excess of $5,000
has been adopted. Periodic fund transfers are appropriated to provide a funding source for the acquisition and
purchase of new and replacement vehicles and equipment.
Revolving Park Equipment Fund – Consists of funds reserved for the replacement of park equipment.
Facilities Management Fund – Established in conjunction with the Facilities Management Plan (FMP). The FMP
provides a schedule of major repairs, replacements and upgrades to all of the City facilities.
Permanent Improvement Revolving Fund – Consists of funds available for annual street mill and overlay projects
with any remaining funds to be used to provide upfront funding for future improvements.
Construction Fund - Represent unexpended bond proceeds that are reserved to pay for improvement projects
approved by the City Council on an annual basis. These dollars are necessary to complete outstanding
construction contracts and related engineering and professional services.
Street Oversize Fund - Consists of dedicated revenue generated by fees associated with new development and
new construction building permits for the funding of pedestrian related improvements i.e., bikeways, sidewalks,
trails plus right of way acquisition along collector streets and occasional collector street links.
Trunk Reserve Fund - Consists of dedicated revenue generated from utility connection permits and acreage fees
assessed at time of sewer and water installation for the recovering of trunk oversizing costs and central municipal
system improvements i.e., wells lift stations, force mains, etc. These dollars are programmed throughout the
course of the City’s capital improvement plan.
Water Storage Fund - Accounts for the water tower fee that is charged and collected on building permits. This
fund balance is 100% reserved for the construction of elevated and ground water storage facilities.
Debt Service Funds - Represents prepayments of special assessments, property tax collections and special levies
needed to pay the outstanding bonded indebtedness of the City. This fund balance is 100% reserved for the
payment of bond principal and interest.
Agency Fund - Accounts for the residential building permit deposit that is refunded to the building contractor
upon final inspection. This provides financial assurance that the property site will be adequately cleaned up and
debris free before an occupancy permit is granted.
Severance Compensation Fund – Internal Service Fund established to partially fund the City’s compensated
absence liability associated with the accrued vacation and sick leave for employees upon termination as
recommended by the State Auditor’s Office.
Insurance Fund – Internal Service Fund established to track revenues and expenditures related to insurance funds.
City of Prior Lake
Treasurers Report
September 2022
Fund Type & Name Fund Balance Classification Constraints
Business-Type Funds
Water Fund Unrestricted Identified on utility bill for this purpose
Sewer Fund Unrestricted Identified on utility bill for this purpose
Water Quality Fund Unrestricted Identified on utility bill for this purpose
Governmental-Type Funds
General Fund Unassigned Cash flow, emergencies, one-time opportunities
Special Revenue Funds
Cable Franchise Fund Assigned for communications Statutory obligation to use for PEG access
Capital Park Fund Assigned for capital improvements Contractually obligated; park dedication fees
EDA Special Revenue Assigned for development Economic Development
Econ Dev Federal Revolving Loan Fund Restricted for economic development Economic Development
Econ Dev MN Revolving Loan Fund Restricted for economic development Economic Development
Developer Agreement Fund Assigned for development Contractually obligated;
Federal ARPA Recovery Funds Restricted for equipment and improvements Contractually obligated
Capital Project Funds
Tax Increment Restricted for tax increment Contractually obligated by tax increment agreements
TIF #1-3 Restricted for tax increment Contractually obligated by tax increment agreements
TIF #1-4 Restricted for tax increment Contractually obligated by tax increment agreements
TIF #3-1 Restricted for tax increment Contractually obligated by tax increment agreements
TIF #4-1 Restricted for tax increment Contractually obligated by tax increment agreements
TIF #5-1 Restricted for tax increment Contractually obligated by tax increment agreements
TIF #6-1 Restricted for tax increment Contractually obligated by tax increment agreements
Revolving Equipment Fund Assigned for capital improvements Identified for equipment replacement
Revolving Park Equipment Fund Assigned for capital improvements Identified for park equipment replacement
Facilities Management Fund Assigned for capital improvements Identified for funding Facilities Management Plan
Permanent Improvement Revolving Fund Assigned for capital improvements Identified for funding street improvement projects
Construction Fund Restricted for capital improvements Construction projects in progress
Trunk Reserve Fund Assigned for capital improvements Contractually obligated by developer agreements
Street Oversize Fund Assigned for capital improvements Contractually obligated by developer agreements
Water Storage Fund Assigned for capital improvements Contractually obligated by developer agreements
Debt Service Funds Restricted for Debt Service Reserved for contractually obligated debt service
Agency Fund N/A Escrows to be reimbursed to depositors
Internal Service Funds Unrestricted Identified as payment for severance compensation and insurance
Fuel Consortium Program - Overview
Attachment A
The current Contract with Mansfield Oil is set to expire January 31, 2023. Due to market conditions and the solicitation
process, the procurement team is exploring pricing options for a new program that will begin February 1, 2023. In order
to achieve this, participants must submit their quantities for the Fixed Price Fuel Program no later than November 11,
2022.
Fixed Price Fuel Program – Agencies participating in the Fixed Price Fuel Program are required to take 100% of its
monthly quantity committed and the Contractor is required to provide 100% of the monthly quantities contracted. The
program will be for 12 months, from February 1, 2023 through January 31, 2024.
If the original purchaser is unable to take all of the monthly committed gallons, the Contractor will be
responsible for contacting other location participating the Fixed Price Fuel Contract to determine if they are able
to take additional gallons.
If the Contractor is able to ship the unused gallons from the original participating purchaser to another
participating agency, there will be no cost to the original participating agency. If the Spot Price is less than the
Fixed Price, participants are not required to take more than the monthly amount they committed to.
If the Contractor is unable to ship the unused gallons from the original participating purchaser to another
participating agency, they may sell the unused gallons on the open market and either debit or credit the
difference in price back to the original participating purchaser based on the open market sell price.
If the Contractor is unable to provide all of the monthly committed gallons to a participating member by the due
date and time, the participating member may purchase the product on the open market and charge the
Contractor for any actual additional costs incurred.
Spot Price Program – In addition to the Fixed Price Program, we will include a Spot Price Program for Participants to
handle extra fuel needs over and above the committed quantities in the Fixed Price Program. Only Participants in the
Fixed Price Program may use the Spot Prices offered by the Contractor.
If the Contractor is unable to provide the order quantity to a State agency or CPV member by the required due date and
time, the State agency or CPV member may purchase the product on the open market and charge the Contractor for any
actual additional costs incurred.
The signature below and/or submission of the Order Form (Attachment B) certify that your Entity agrees to all terms,
conditions, and prices of any Contract agreement entered into on its behalf by the State of Minnesota, which includes,
by is not limited to, taking 100% of the monthly fuel quantities submitted for the Fixed Price Program on the Fuel Order
Form (Attachment B). There is no requirement to take any product(s) using the Spot Price Program.
Agency Name: _____________________________________________________________________________________
Address: _________________________________________________________________________________________
Contact Person: _____________________________________ Title: _________________________________________
Phone No.: ______________________ Fax: _____________________ Email: _________________________________
Authorized Signature: ______________________________________________________________________________
City of Prior Lake, MN
4646 Dakota St SE, Prior Lake, MN 55372
Christine Watson Public Works Coordinator
952-447-9855 N/A cwatson@PriorLakeMN.gov
2020-2021 Fuel Consortium Purchase Program
Page 1 of 2
Return Excel Version of Order Form to jack.moore@state.mn.us *Blank cells will be considered '0' gallons for that specific type and month
Due Date: November 11, 2022 *500 Gallon minimum delivery QTY
NOTE: 20% biodiesel mandated April through September, otherwise 5% biodiesel.
February (2023)3000 2000
March 3000 2000
April 3000 2000
May 3000 2000
June 3000 2000
July 3000 2000
August 3000 2000
September 3000 2000
October 3000 2000
November 3000 2000
December 3000 2000
January (2024)3000 2000
Totals 36000 0 0 0 12000 12000 0
Fuel Type
Gasoline
E-85
Diesel
10000
Estimated Annual Usage
In Gallons)
Spot Price Program - For Informational Purposes Only
Gasoline E-85
Date: November 7, 2022
Agency: City of Prior Lake, MN
Name: Christine Watson
Provide an estimate of the number of gallons you might purchase
from the contract using the Spot Price Program. There is no
commitment implied by providing the estimated usage - this is for
informational purposes only. *500 gallon minimum per delivery.
5000
B20
B5
WinterB10B15
Premium
Diesel
Fixed Price Program
PLEASE NOTE: Agencies should consider the amount of its annual usage it wants to
commit to this program. It is not recommended that you commit all of your fuel
needs to the Fixed Price Program. The Spot Price Program may be used for
additional fuel requirements.
Participants must have a capacity for taking at least 500 gallons per delivery.
Participation in the Fixed Fuel Program requires the State agency or CPV member
located in the nine (9) county metropolitan area to take 100% of the quantity pledged on
this Fuel Order Form.
Fixed Price Program Commitment Quantities by Gallon (by Month, by Fuel Type)
Submission of this form certifies that your Entity agrees to all terms, conditions, and
prices of any Contract agreement entered into on its behalf by the State of Minnesota
which includes, but is not limited to, taking 100% of the monthly fuel quantities submitted
for the Fixed Price Program on the Fuel Order Form. There is no requirement to take
any product using the Spot Price Program.
C A R R I A G E H I L L S P K W Y N E
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COACH M A N L N N E
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ECARRIAGELNNESURREYLNNELANDAU
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NE F O X H U N T C T N
E TROTTERSTRLNECANTERLNNEScott County
GIS
16
27
12
83
42
44
17
82
18
78
14
21 This product is for informational purposes and is not suitable for legal, engineering, or
surveying purposes. This product has been produced by the City of Prior Lake for the sole purpose
of geographic reference. No warranty is made by the City of Prior Lake regarding specific
accuracy or
completeness.0 0.04 0.08 0.1 0.
2
Miles Carriage Hills 5th
Addition Council Item Location
Map 11/07/
150 South Fifth Street, Suite 3300, Minneapolis, MN 55402
Main: (612) 851-5900 / Direct: (612) 851-4964 / Email: tomdal@northlandsecurities.com
Member FINRA and SIPC | Registered with SEC and MSRB
MEMORANDUM
To: Casey McCabe, Community Development Director
From: Tammy Omdal, Managing Director
Date: October 26, 2022
Re: Proposed Tax Increment Financing District No. 1-6 (Prior Lake Lofts)
The city received an application from Prior Lake B Squared Ventures, LLC (the “Developer”) for public
financial assistance to assist with the construction by the Developer of an approximate 98-unit
apartment building, a street front restaurant of approximately 2,600 square feet, a rooftop deck for
restaurant customers, a separate rooftop deck for tenants, with 134 in-building parking stalls and 28
surface stalls (the “Project”). The Project is to be located on an approximate one-acre site located on
Dakota Street SE adjacent to the Prior Lake City Hall (the “Property”). Subject to approval of the
request for public financial assistance, the Developer plans to commence construction of the Project by
June 1, 2023, and barring unavoidable delays the Project will be substantially completed by December
31, 2024.
The cost for the Project is estimated at approximately $32 million (see Exhibit A), which is based on the
Developer’s pro forma as of August 2022. The Developer’s request for public financial assistance is to
assist with the extraordinary costs of redevelopment. The Developer has represented that it will not
undertake the Project as proposed without public financial assistance.
It is Northland’s opinion that the Project as proposed, which includes in-building parking, is unlikely
to occur but for the proposed public financial assistance, inclusive of the tax increment financing (TIF).
Without public financial assistance, the Project is not expected to achieve the level of debt service
coverage and returns needed to secure the necessary private financing and equity.
Without the enclosed parking, the Project as proposed would not be feasible and the density (number
of housing units) would not be possible. Northland finds that it is reasonable for the city to consider
public financial assistance for the Project as necessary so that development by private enterprise will
occur on the Property. The Project, inclusive of the higher level of density, is possible only with the
construction of the enclosed parking, which will not occur solely through private investment within
the reasonably foreseeable future.
Public Financial Assistance
Due to the extraordinary costs associated with acquisition and development of the Project, the
Developer is seeking public financial assistance from the city in the form pay-go tax increment
financing assistance. The tax increment revenue is proposed to come from the establishment of a new
Tax Increment Financing (Redevelopment) District No. 1-6 (the “TIF District”) within the modified
Development District No. 1.
Prior Lake TIF
October 26, 2022
Page 2
Based on Northland’s analysis of the financial information provided by the Developer, the following
terms for assistance to the Developer for the Project are proposed:
TIF “pay-go” revenue note (the “TIF Note”) to be issued to reimburse of $3,000,000 of qualified
costs for the Project plus interest at rate of 4.5% from the date of issue per annum to the earlier
of maturity or prepayment. Project costs to be reimbursed include $1,176,000 for land
acquisition and $1,824,000 for site improvements. Total estimated payments to the Developer
over a period not to exceed 15 years is estimated to be approximately $4.4 million, including
principal and interest payments.
Proposed terms for assistance to the Developer will be subject to a Development Agreement
the “Agreement”) by and between the Developer and the city. The Agreement may be
approved by the city council at any date following the approval of the resolution establishing
the TIF District. The Agreement must be executed in advance of the Developer incurring
project costs to be reimbursed from tax increments.
TIF Note will be payable solely from net available semi-annual tax increments. TIF Note will
not be a general obligation of the city. Net available semi-annual tax increments shall be based
on 90% of the tax increment collected from the Project within the TIF District. TIF Note shall
bear simple, non-compounding interest from the date that the city has determined paid
invoices, as paid by the Developer, in compliance with the terms to be included in the
Agreement.
Property within the TIF District will not be subject to a minimum assessment agreement. The
Developer will assume the risk that future tax increments will be sufficient to repay the TIF
Note.
City will retain 10% of the increment collected to repay itself for qualified costs of the Project,
if any, and to cover administrative costs. After the termination date of the TIF Note, the city
may retain 100% of the increment collected from the TIF District for the remaining duration of
the TIF District, pursuant to the planning document for the TIF District and the TIF Act (TIF
Act means Minnesota Statutes, Sections 469.174 through 469.1794, as amended).
The draft Tax Increment Financing Plan for the TIF District (the “TIF Plan”) provides for a
maximum 26 years of tax increment collection. The TIF Act provides for 25 years of tax
increment collection after the first year of collection for a total of 26 years.
Exhibit B provides a summary of the estimated tax increment cash flow from the TIF District available
to reimburse the Developer for eligible costs for the Project over a 15-year term. Exhibit C provides a
preliminary estimated sources and uses for the TIF, based on 15-year duration and 26-year duration.
Review of Application for Assistance
Northland conducted a review and analysis of the pro forma submitted by the Developer, along with
other information provided by the city and the Developer.
Northland reviewed project cost estimates to ensure all anticipated sources and uses for the Project
were properly included. Exhibit B provides information on the sources and uses of funds for the
Prior Lake TIF
October 26, 2022
Page 3
Project. Based on a review of the pro forma for the Project and under current market conditions, we
find that the Project, as proposed, may not reasonably be expected to occur solely through private
investment within the reasonably near future. Due to the costs associated with redevelopment of the
proposed site and site improvement costs, the Project as proposed is feasible only through assistance,
in part, from TIF. Exhibit C provides a summary pro forma for the Project, as prepared by Northland.
The conclusion on the need for the public financial assistance is supported by the following:
The Developer plans for the approximate $32 million of project cost for the Project to be funded
from a combination of debt (80%), equity (20%). The present value of the estimated future tax
increment revenue from the TIF Note payments to the Developer reduces the effective cost of
the Project by an additional $3.0 million, or nearly 10% of the total project costs. Based on
estimated net operating income, the effective return without the public financial assistance is
not at a level the Project would proceed.
The total estimated cost per housing unit for the Project is $324,637 for the construction of 98
luxury apartment) units, including the cost of the parking. The Project will include 16 studio
units, 31 one-bedroom units, 9 one-bedroom plus den units, 39 two-bedroom units, and 3 two-
bedroom plus den units. Based on market conditions and Northland's understanding of the
Project and given the location, we find the estimated cost per unit to be reasonable.
The estimated average gross monthly rent for the housing units, in the first stabilized year of
the Project, is estimated at approximately $2,028 per month. The annual total gross rental
income for the Project is estimated at $2,384,700 in the first year of stabilized occupancy, before
adjusting for estimated apartment vacancy and rental loss of 5%.
The estimated annual income from rental of the commercial-retail space is approximately
100,000.
The total annual expense, including operating and non-operating costs, as well as management
fees, is estimated at $6,654 per unit. This average estimated cost per unit is reasonable.
The estimated average debt service coverage with tax increment financing is estimated to reach
1.21X in year six of stabilized operations, and without financial assistance is estimated to be
1.07X. The coverage for the mortgage without the tax increment, prior to year thirteen of the
district, is not at a level that we would expect the Project to proceed. The financing of this type
of project would be expected to be at a minimum of 1.2X coverage.
The cash-on-cash return is projected to reach an estimated 9.4% by year ten of stabilized
operations with financial assistance and 4.6% without assistance.
Prior Lake TIF
October 26, 2022
Page 4
Total % of Total Per Unit
Sources of Funds
First Mortgage $22,314,401 70.1%$227,698
Second Mortgage (TIF Note)$3,000,000 9.4%$30,612
Equity $6,500,000 20.4%$66,327
Total Sources of Funds $31,814,401 100.0%$324,637
Uses of Funds
Land Acquisition $1,176,000 3.70%$12,000
Construction Costs $25,337,331 79.64%$258,544
Construction Loan Costs $541,434 1.70%$5,525
Cash Accounts $580,950 1.83%$5,928
Professional Services $1,381,747 4.34%$14,099
Closing Costs $75,210 0.24%$767
Entitlement Costs $965,230 3.03%$9,849
Developer Fee $1,568,000 4.93%$16,000
Marketing Fees $188,500 0.59%$1,923
Total Uses of Funds $31,814,401 100.00%$324,637
Number of Units 98
Square Feet of Commercial-Retail 2500
Prior Lake, MN
EXHIBIT A
The Beard Group
Developer Sources and Uses of Funds for Construction
98 Unit Residential Apartment Building
Prior Lake TIF
October 26, 2022
Page 5
10.00%90.00%4.50%
1 2025 13,000,000 152,244 98.71% 149,744 14,974 134,770 126,543
2 2026 26,267,800 319,028 98.71% 313,788 31,379 282,409 380,173
3 2027 26,538,358 322,409 98.71% 317,114 31,711 285,403 625,335
4 2028 26,811,703 325,825 98.71% 320,474 32,047 288,427 862,310
5 2029 27,087,864 329,276 98.71% 323,868 32,387 291,481 1,091,371
6 2030 27,366,869 332,762 98.71% 327,297 32,730 294,568 1,312,782
7 2031 27,648,748 336,285 98.71% 330,762 33,076 297,686 1,526,798
8 2032 27,933,530 339,844 98.71% 334,262 33,426 300,836 1,733,665
9 2033 28,221,245 343,439 98.71% 337,799 33,780 304,019 1,933,621
10 2034 28,511,924 347,072 98.71% 341,372 34,137 307,234 2,126,897
11 2035 28,805,597 350,742 98.71% 344,982 34,498 310,483 2,313,715
12 2036 29,102,294 354,449 98.71% 348,628 34,863 313,766 2,494,291
13 2037 29,402,048 358,195 98.71% 352,313 35,231 317,082 2,668,833
14 2038 29,704,889 361,980 98.71% 356,036 35,604 320,432 2,837,541
15 2039 30,010,850 365,803 98.71% 359,796 35,980 323,816 3,000,611
TOTAL = 4,858,235 485,824 4,372,412 3,000,611
Key Asssumptions for Cash Flow:
1
2
3
4
5
6
Exhibit B
Available TIF from District is after deductin the State Auditor fee of 0.36% of the total TIF from
the Property.
Present Value (PV) of Net Available TIF calculated based on semi-annual payments and rate of
Original
Tax Rate 2
PV Net
Available
TIF
Net
Available
TIF
Available
TIF from
District
Captured
Tax
Capacity
for TIF
TIF
Retained
by City
TIF
District
Year
Taxes
Payable
Year
Taxable
Market Value
TMV)
The Beard Group
Projected Tax Increment Financing (TIF) Cash Flow
Base Tax Capacity is calculated based on a TMV = $733,500. Includes three parcels owened by
Taxable market value (TMV) annual growth assumption = 1.0%
Original Tax Capacity Rate estimated based on Taxes Payable Year 2022.
Tax Increment Financing District No. 1-6 (Redevelopment)
City of Prior Lake
Election for captured tax capacity is 100.00%. Captured tax capacity is estimated based election
for Fiscal Disparity contribution to be paid from TIF District. Development includes housing and
Prior Lake TIF
October 26, 2022
Page 6
Total Based on
26-Year
Duration for
TIF District
Total Based on
15-Year
Duartion for
TIF District
Estimated Tax Increment Revenues (from tax increment generated by the district)
Tax increment revenues distributed from the county $9,080,000 $4,860,000
Interest and investment earnings $50,000 $50,000
Total Estimated Tax Increment Revenues $9,130,000 $4,910,000
Estimated Project/Financing Costs (to be paid or financed with tax increment)
Project costs
Land/building acquisition $1,176,000 $1,176,000
Site improvements/preparation costs $1,824,000 $1,824,000
Other qualifying improvements $1,850,000 $385,000
Administrative costs $150,000 $100,000
Estimated Tax Increment Project Costs $5,000,000 $3,485,000
Interest expense $4,130,000 $1,425,000
Total Estimated Project/Financing Costs to be Paid from Tax Increment $9,130,000 $4,910,000
Estimated Financing
Total amount of bonds to be issued $5,000,000 $3,485,000
Prior Lake Lofts
Exhibit C
City of Prior Lake
Tax Increment Financing District No. 1-6
Projected Tax Increment
Prior Lake TIF
October 26, 2022
Page 7
DRAFT
CITY OF PRIOR LAKE, MINNESOTA
MODIFIED DEVELOPMENT PROGRAM
FOR MUNICIPAL DEVELOPMENT DISTRICT NO. 1
AND
TAX INCREMENT FINANCING PLAN FOR
TAX INCREMENT FINANCING (REDEVELOPMENT)
DISTRICT NO. 1-6 (PRIOR LAKE LOFTS)
WITHIN MUNICIPAL DEVELOPMENT DISTRICT NO. 1
PUBLIC HEARING DATE: _______________________, 2022
PLAN APPROVED DATE: _____________________, 2022
PLAN CERTIFICATION REQUEST DATE: ____________, 2022
PLAN CERTIFIED DATE: _____________, 2022
Northland Securities, Inc.
150 South Fifth Street, Suite 3300
Minneapolis, MN 55402
800) 851-2920
Member NASD and SIPC
Registered with SEC and MSRB
TABLE OF CONTENTS
ARTICLE I – INTRODUCTION AND DEFINITIONS .........................................................1
Section 1.01 Introduction ......................................................................................1
Section 1.02 Definitions .........................................................................................1
Section 1.03 Plan Preparation ...............................................................................2
ARTICLE II - DEVELOPMENT PROGRAM .......................................................................3
Section 2.01 Overview ...........................................................................................3
Section 2.02 Statement of Objectives ...................................................................3
Section 2.03 Boundaries of Development District .............................................4
Section 2.04 Development Activities ...................................................................4
Section 2.05 Payment of Public Development Costs .........................................4
Section 2.06 Environmental Controls; Land Use Regulations .........................4
Section 2.07 Park and Open Space to be Created ..............................................4
Section 2.08 Proposed Reuse of Property ...........................................................4
Section 2.09 Administration and Maintenance of Development District ......5
Section 2.10 Amendments .....................................................................................5
ARTICLE III - TAX INCREMENT FINANCING PLAN ......................................................6
Section 3.01 Statutory Authority ..........................................................................6
Section 3.02 Planned Development .....................................................................6
3.02.1 Development Description ...............................................................6
3.02.2 City Plans and Development Program ..........................................6
3.02.3 Land Acquisition ..............................................................................6
3.02.4 Development Activities ...................................................................6
3.02.5 Need for Tax Increment Financing ................................................6
Section 3.03 Tax Increment Financing District ...................................................7
3.03.1 Designation .......................................................................................7
3.03.2 Boundaries of TIF District ...............................................................7
3.03.3 Type of District .................................................................................7
Section 3.04 Plan for Use of Tax Increment ........................................................8
3.04.1 Estimated Tax Increment .................................................................8
3.04.2 Development Costs ..........................................................................9
3.04.3 Estimated Sources and Uses of Funds...........................................9
Figure 3-1 ...........................................................................................9
3.04.4 Administrative Expense ................................................................10
3.04.5 County Road Costs.........................................................................10
3.04.6 Bonded Indebtedness.....................................................................10
3.04.7 Duration of TIF District .................................................................11
3.04.8 Estimated Impact on Other Taxing Jurisdictions .......................11
3.04.9 Prior Planned Improvements .......................................................11
ARTICLE IV – ADMINISTERING THE TIF DISTRICT ....................................................12
Section 4.01 Filing and Certification ..................................................................12
Section 4.02 Modifications of the Tax Increment Financing Plan ..................12
Section 4.03 Correcting Redevelopment Conditions ......................................12
Section 4.04 4-Year Knockdown Rule ................................................................13
Section 4.05 Pooling/5-Year Rule........................................................................13
Section 4.06 Financial Reporting and Disclosure Requirements ...................14
Section 4.07 Business Subsidy Compliance ......................................................14
EXHIBITS..........................................................................................................................15
Exhibit I Present Value Analysis ..................................................................15
Exhibit II Projected Tax Increment ................................................................16
Exhibit III Impact on Other Taxing Jurisdictions..........................................17
Exhibit IV Estimated Tax Increment Over Duration of District .................18
Exhibit V Map of Boundaries of TIF District and Development District 19
Exhibit VI Inspection Report of Property and Coverage Test Analysis ....21
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 1
ARTICLE I – INTRODUCTION AND DEFINITIONS
SECTION 1.01 INTRODUCTION
The City of Prior Lake proposes to provide tax increment financing assistance through the
establishment of Tax Increment Financing (Redevelopment) District No. 1-6 (Beard Group)
the “TIF District”) within Modified Municipal Development District No. 1 to provide public
financial assistance for the redevelopment of property for construction by a private developer
of an approximate 98-unit apartment building with commercial-retail component, consisting of
studio, one-bedroom and two-bedroom units, with 134 in-building parking stalls and 28 surface
stalls (the “Project”). The Project is to be located on an approximate 1-acre (43,500 square feet)
site on Dakota Street SE adjacent to the Prior Lake City Hall.
This document contains the plan for the Modified Development Program for Municipal
Development District No. 1 and the Tax Increment Financing Plan for the TIF District located
within Municipal Development District No. 1.
SECTION 1.02 DEFINITIONS
For the purposes of this document, the terms below have the meanings given in this section,
unless the context in which they are used indicates a different meaning:
1. “Authority” means the Prior Lake Economic Development Authority.
2. “City” means the City of Prior Lake, Minnesota.
3. “City Council” means the City Council of the City.
4. “County” means Scott County, Minnesota.
5. “County Auditor” means the County Auditor/Treasurer of the County.
6. “Developer” means the party undertaking construction of the Development in the TIF
District, which is anticipated to be Prior Lake B Squared Ventures, LLC, its successors or
assigns.
7. “Development” means the construction and development of an approximate 98-unit
apartment building with commercial-retail component, consisting of studio, one-bedroom
and two-bedroom units, with approximately 134 in-building parking stalls and 28 surface
stalls .
8. “Development District” means Municipal Development District No. 1, within the City,
established and modified pursuant to the Development District Act.
9. “Development District Act” means Minnesota Statutes, Sections 469.124 through 469.134, as
amended and supplemented from time to time.
10. “Development Program” means the Development Program for the Development District, as
amended and supplemented from time to time.
11. “Project Area” means the geographic area of the Development District.
12. “Public Development Costs” means the cost of the development activities that will or are
expected to occur within the Project Area or TIF District.
13. “School District” means Prior Lake-Savage Area School, Independent School District No.
719.
14. “State” means the State of Minnesota.
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 2
15. “TIF Act” means Minnesota Statutes, Sections 469.174 through 469.1794, as amended, both
inclusive.
16. “TIF District” means Tax Increment Financing (Redevelopment) District No. 1-6 (Prior Lake
Lofts).
17. “TIF Plan” means the tax increment financing plan for the TIF District (this document).
SECTION 1.03 PLAN PREPARATION
This document was prepared for the City by Northland Securities, Inc.
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 3
ARTICLE II - DEVELOPMENT PROGRAM
SECTION 2.01 OVERVIEW
The Development Program included in Artile II provides information on the plan for Municipal
Development District No. 1 pursuant to the Develoment District Act. Tax increment financing
districts are established within the boundaries of Muncipal Develpoment District No. 1
pursuant to the TIF Act.
The City established the Development District and the related Development Program as a tool
to achieve the objectives described in Section 2.02. The Development District was first approved
in March, 1985, and has been modified subsequently. The Development District serves as
the Project Area for tax increment financing districts established within its boundaries. The
Development Program describes the City’s objectives for the development of this area and the
use of tax increment financing.
This current modification to the Development Program include budget revisions to coincide
with the TIF Plan relating to the TIF District and is intended to restate and expand on the
original Development Program and all prior amendments hereto, which are incorporated
herein by reference. Nothing in this modification is intended to supersede or alter the activities
described in the original Development Program.
SECTION 2.02 STATEMENT OF OBJECTIVES
The modifications of the Development District in the City pursuant to the Development District
Act are necessary and in the best interests of the City and its residents and are necessary to give
the City the ability to meet certain public purpose objectives that would not be obtainable in the
foreseeable future without intervention by the City in the normal development process.
The Development is consistent with the established “Statement of Objectives” documented
by the original Development Program and prior amendments hereto, which are incorporated
herein by reference.
The established “Statement of Objectives” for the Development Program provide the City with
the ability to achieve certain public purpose goals not otherwise obtainable in the foreseeable
future without City intervention in the normal development process.
The public purpose goals include: restore and improve the tax base and tax revenue generating
capacity of the Development District; increase employment and housing opportunities; realize
comprehensive planning goals; remove blighted conditions; revitalize the property within the
Development District to create an attractive, comfortable, convenient, and efficient area for
residential, commercial and industrial, and related uses. The City seeks to achieve the following
Development District program objectives:
1. Promote and secure the prompt development of certain property in the Development
District, which property is not now in productive use or in its highest and best use, in a
manner consistent with the City’s Comprehensive Plan and with the minimum adverse
impact on the environment, and thereby promote and secure the development of other land
in the City.
2. Promote and secure additional employment and housing opportunities within the
Development District and the City for residents of the City and the surrounding area,
thereby improving living standards, reducing unemployment and the loss of skilled and
unskilled labor and other human resources in the City.
3. Secure the increase of commercial/industrial property subject to taxation by the City, School,
County and other taxing jurisdictions in order to better enable such entities to pay for
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governmental services and programs required to be provided by them.
4. Provide for the financing and construction of public improvements in the Development
District necessary for the orderly and beneficial development of the Development District
and adjacent areas of the City.
5. Promote the concentration of commercial, office, and other appropriate development in the
Development District so as to maintain the area in a manner compatible with its accessibility
and prominence in the City.
6. Encourage local business expansion, improvement, and development, whenever possible.
7. Create a desirable and unique character within the Development District thorough quality
land use alternatives and design quality in new and remodeled buildings, including
residential and commercial buildings.
8. Encourage and provide maximum opportunity for private redevelopment of existing areas
and structures that are compatible with the Development Program.
9. Encourage redevelopment of substandard buildings, to improve employment opportunities
in the Development District and the City, where compatible with other planning and
development goals.
SECTION 2.03 BOUNDARIES OF DEVELOPMENT DISTRICT
The boundaries of the Development District are depicted in Exhibit V. The boundaries of the
Development District are coterminous with the municipal boundaries of the City.
The City has previously established Tax Increment Financing District Numbers 1 through 5,
inclusive, within the boundaries of the Development District.
SECTION 2.04 DEVELOPMENT ACTIVITIES
The proposed development activities within the Development District, the Development,
are consistent with the goals, objectives, and plans expressed by the Development Program.
The modification to the Development Program relate to plans by the Developer to redevelop
property within the City that will increase residential housing choices within the City.
SECTION 2.05 PAYMENT OF PUBLIC DEVELOPMENT COSTS
The Public Development Costs and the plan for their payment are described in the tax
increment financing plans for the respective tax increment financing districts within the
Development District. Public Development Costs of the Development Program will be paid
from tax increments from the respetive tax increment financing districts with the Development
District.
SECTION 2.06 ENVIRONMENTAL CONTROLS; LAND USE REGULATIONS
All municipal actions, public improvements and private development shall be carried out in a
manner consistent with existing environmental controls and all applicable land use regulations
of the City.
SECTION 2.07 PARK AND OPEN SPACE TO BE CREATED
Park and open space within the Development District if created will be created in accordance
with the City’s Comprehensive Plan and zoning and subdivision ordinances.
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SECTION 2.08 PROPOSED REUSE OF PROPERTY
The City or Authority may acquire property and reconvey or convey property to private
developers or another entities for purpose of achieving the objectives of the Development
Program.
The City and Authority will require the execution of a binding development agreement
with respect thereto and evidence that tax increments or other funds will be available to pay
Public Development Costs associated with the proposed acquisition. Appropriate restrictions
regarding the reuse and redevelopment of property shall be incorporated into any development
agreement to which the City or Authority is a party.
SECTION 2.09 ADMINISTRATION AND MAINTENANCE OF DEVELOPMENT
DISTRICT
Maintenance and operation of the Development District will be the responsibility of the
City Manager who shall serve as administrator of the Development District. Each year the
administrator will submit to the Council the maintenance and operation budget for the
following year.
The administrator will administer the Development District pursuant to the provisions of
Section 469.131 of the Development District Act; provided, however, that such powers may only
be exercised at the direction of the City Council. No action taken by the administrator pursuant
to the above-mentioned powers shall be effective without authorization by the City Council.
SECTION 2.10 AMENDMENTS
The City reserves the right to alter and amend the Development Program, subject to the
provisions of state law regulating such action. The City specifically reserves the right to
enlarge or reduce the size of the Development District, among other modifications that may be
approved.
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ARTICLE III - TAX INCREMENT FINANCING PLAN
SECTION 3.01 STATUTORY AUTHORITY
The TIF District and this TIF Plan are established under the authority of the TIF Act.
SECTION 3.02 PLANNED DEVELOPMENT
3.02.1 Development Description
The Developer proposes to undertake the construction and development of an approximate 98-
unit apartment building with commercial-retail component, consisting of studio, one-bedroom
and two-bedroom units, with approximately 134 in-building parking stalls and 28 surface stalls.
3.02.2 City Plans and Development Program
In addition to achieving the objectives of the Development Program, the Development is
consistent with and works to achieve the development objectives of the City. The TIF Plan for
the TIF District conforms to the general plan for development or redevelopment of the City as a
whole.
The City has adopted land use controls to guide the use of property. The development plans for
the Development in the TIF District have been reviewed by the Planning Commission and the
City Council, and conform to current land use controls.
3.02.3 Land Acquisition
The Developer will acquire the property within the TIF District.
3.02.4 Development Activities
The activities proposed in the TIF Plan will be subject to a written agreement with the
Developer. The City anticipates entering into a contract with the Developer to construct the
Development and provide tax increment financing assistance to the Developer to reimburse
Public Development Costs financed and incurred by the Developer.
3.02.5 Need for Tax Increment Financing
In the opinion of the City, the Development would not reasonably be expected to occur solely
through private investment within the foreseeable future and the increased market value of
the site that could reasonably be expected to occur without the use of tax increment financing
would be less than the increase in the market value estimated to result from the Development
after subtracting the present value of the projected tax increments for the maximum duration of
the TIF District permitted by the TIF Plan.
The reasons and facts supporting this finding include the following:
The Development requires public financial assistance to offset land and building acquisition,
site improvement and preparation costs, and other development costs to allow for the
Developer to proceed with construction of the Development.
A comparative analysis of estimated market values both with and without establishment of
the TIF District and the use of tax increments has been performed as described above and
is shown in Exhibit I. This analysis indicates that the increase in estimated market value of
the Development (less the present value of the projected tax increments for the maximum
duration permitted by the TIF Plan) exceeds the estimated market value of the site prior to
the establishment of the TIF District.
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SECTION 3.03 TAX INCREMENT FINANCING DISTRICT
3.03.1 Designation
This TIF District is designated as Tax Increment Financing (Redevelopment) District No. 1-6
Beard Group).
3.03.2 Boundaries of TIF District
The boundaries of the TIF District are depicted in Exhibit V. The parcels within the boundaries
of the TIF District presently include the following parcels:
259010570
259010550
259010560
Portion of 259010582
The property within the boundaries of the TIF District is in the process of being platted into two
parcels. Upon completion of platting and the establishment of the TIF District there will be two
parcels within the boundaries of the TIF District. The Developer will acquire the two parcels
from the Authority for the Development and then seek to combine the two parcels (or lots) into
one parcel for the Development.
The property within the TIF District is described as follows and is inclusive of the immediate
adjacent roads and right-of-way:
Description to be inserted here in final adopted TIF Plan upon completion of the platting
of property.
3.03.3 Type of District
The TIF District is established as a “redevelopment district” pursuant to Section 469.174,
subdivision 10 of the TIF Act. The City has determined that the property in the TIF District
meets the statutory criteria for a redevelopment district.
Section 469.174, subdivision 10 (a) (1) of the TIF Act requires two tests for occupied parcels
be met to qualify as a “redevelopment district”: a conditions test and coverage test. For a
redevelopment district” more than 50% of the buildings, not including outbuildings, must be
found to be structurally substandard to a degree requiring substantial renovation or clearance.
The conditions test for structurally substandard is defined under Section 469.174, subdivision
10(b) of the TIF Act. For purposes of that subdivision, “structurally substandard” means
containing defects in structural elements or a combination of deficiencies in essential utilities
and facilities, light and ventilation, fire protection including adequate egress, layout and
condition of interior partitions, or similar factors, which defects or deficiencies are of sufficient
total significance to justify substantial renovation or clearance.”
Buildings are not eligible to be considered structurally substandard unless they meet certain
additional criteria, as set forth in Section 469.174, subdivision 10(c) of the TIF Act. A building
is not structurally substandard if it is in compliance with the building code applicable to
new buildings or could be modified to satisfy the building code at a cost of less than 15% of
the cost of constructing a new structure of the same square footage and type on the site. The
municipality may find that a building is not disqualified as structurally substandard under the
preceding sentence on the basis of reasonably available evidence, such as the size, type, and age
of the building, the average cost of plumbing, electrical, or structural repairs, or other similar
reliable evidence. Items of evidence that support such a conclusion that the building is not
disqualified include recent fire or police inspections, on-site property tax appraisals or housing
inspections, exterior evidence of deterioration, or other similar reliable evidence.
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Furthermore, parcels consisting of 70% of the area of the district must be occupied by buildings,
streets, utilities, or paved or gravel parking lots to meet the required coverage test. The coverage
required by the parcel to be considered occupied is defined under Section 469.174, subdivision
10(e) of the TIF Act. For purposes of such subdivision, a parcel is not occupied by buildings,
streets, utilities, or paved or gravel parking lots unless 15% of the area of the parcel contains
building, streets, utilities, or paved or gravel parking lots.
As summarized in the table below, 100% of the area of the TIF District is occupied by improved
parcels, and 100% of the buildings within the TIF District are found to be substandard. The
substandard buildings are reasonably distributed.
The detailed results of the building inspection and analysis performed by the City’s Building
Official, Alan Ernste (License #1935) and the City’s Planning Department are contained in the
reports included in Exhibit VI of the TIF Plan. In summary the findings are as follows:
Number of Parcels.............................................................................................................2
Site Area Included (square feet without roads) ...................................................43,500
Area of Improved Parcels (square feet) ................................................................43,500
Percent of Area Improved ........................................................................................100%
Number of Parcels with Buildings .................................................................................2
Number of Buildings found Substandard .....................................................................2
Percent of Buildings found Substandard ...............................................................100%
SECTION 3.04 PLAN FOR USE OF TAX INCREMENT
3.04.1 Estimated Tax Increment
The original net tax capacity of value of the TIF District will be set by the County upon request
for certification. For the purposes of the TIF Plan, the estimated original net tax capacity is $
9,169. This amount is estimated based on the most recent published estimated market value
of $733,500 for the parcels within the boundaries of the TIF District with tax capacity value
calculated for residential-apartment classification.
The total tax capacity value of the property after completion of the Development (for taxes
payable in 2026) is estimated at $330,242. This amount is based on a total estimated taxable
market value of $26,267,800 with property classified as residential-apartment. The estimated
difference between the total tax capacity value after completion of the Development and the
original net tax capacity value is the captured tax capacity value in the amount of $319,028 for
the creation of tax increment (for taxes payable in 2026).
The total local tax rate is estimated at 98.71% based on the tax rates for taxes payable in 2022.
The TIF Plan assumes that this rate will be set as the original local tax rate for the TIF District.
At the time of the certification of the original net tax capacity for the TIF District, the County
Auditor shall certify the original local tax rate that applies to the TIF District. The original local
tax rate is the sum of all the local tax rates, excluding that portion of the school rate attributable
to the general education levy under Minnesota Statutes Section 126C.13, that apply to a
property in the TIF District. The local tax rate to be certified is the rate in effect for the same
taxes payable year applicable to the tax capacity values certified as the TIF District’s original tax
capacity. The resulting tax capacity rate is the original local tax rate for the duration of the TIF
District.
Under these assumptions, the estimated annual tax increment after completion is $314,922 (for
taxes payable in 2026) before deducting for the State Auditor’s fee (0.36% of the captured tax
increments). The actual tax increment will vary according to the certified original tax capacity
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value and original tax rate, the actual property value produced by the Development and the
changes in property value and State tax policy over the duratino of the TIF District.
The City will retain 100% of the captured tax capacity value for the duration of the TIF district,
pursuant to Section 469.177, Subd. 2 of the TIF Act. Exhibit II contains the projected tax
increment over the druation of the TIF District.
3.04.2 Public Development Costs
The City will use tax increment to pay Public Development Costs. A written agreement
between the City and the Developer will define the means for verifying Public Development
Costs financed and incurred by the Developer that will be eligible for reimbursement from tax
increments from the TIF District and the terms for payment of tax increments collected by the
City to the Developer.
The City will use tax increment to pay financing costs. The interest rate payable on bonds
issued will be set pursuant to terms within the written agreement with the Developer.
3.04.3 Estimated Sources and Uses of Funds
The estimated sources of revenue, along with the estimated Public Development Costs of the
TIF District, are itemized in Figure 3-1 that follows. Such costs are eligible for reimbursement
from tax increments, and other listed sources of revenue from the TIF District.
The City reserves the right to administratively adjust the amount of any of the Public
Development Cost items listed in Figure 3-1, so long as the Estimated Tax Increment Project
Costs amount, not including financing costs, is not increased.
FIGURE 3-1ESTIMATEDSOURCESAND USES OF FUNDS
Total
Estimated Tax Increment Revenues (from tax increment generated by the district)
Tax increment revenues distributed from the county $9,080,000
Interest and investment earnings $50,000
Total Estimated Tax Increment Revenues $9,130,000
Estimated Project/Financing Costs (to be paid or financed with tax increment)
Project costs
Land/building acquisition $1,176,000
Site improvements/preparation costs $1,824,000
Utilities $0
Other qualifying improvements $1,850,000
Administrative costs $150,000
Estimated Tax Increment Project Costs $5,000,000
Estimated financing costs
Interest expense $4,130,000
Total Estimated Project/Financing Costs to be Paid from Tax Increment $9,130,000
Estimated Financing
Total amount of bonds to be issued $5,000,000
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3.04.4 Administrative Costs
The City plans to use tax increment revenues to pay for administrative expenses for the TIF
District. The use of tax increment revenues to pay administrative expenses will not exceed the
maximum amount of 10% of tax increment revenues pursuant to the TIF Act. The City will
use these monies to pay for and reimburse itself for costs of administering the TIF District
as allowed by the TIF Act. The estimated amount of tax increment revenue planned to pay
administrative expense is shown in Figure 3-1. Anticipated administrative expenses of the TIF
District include annual audit of the fund for the TIF District, preparation of annual reporting,
legal publication of annual report, and administration of the development agreement.
3.04.5 County Road Costs
The Development will not substantially increase the use of county roads and necessitate the
need to use tax increments to pay for county road improvements.
3.04.6 Bonded Indebtedness
Bonds are broadly defined in the TIF Act and are the primary methods of financing Public
Development Costs within a tax increment financing district. Any bond to which payment for
tax increment is pledged is a tax increment bond. A tax increment bond issued in connection
with “any project for which tax increment financing has been undertaken” must be one of the
types of bonds expressly authorized by Section 469.178 of the TIF Act.2 The types of bonds
expressly authorized by Section 469.178 are:
general obligation bonds;
revenue bonds (including pay-as-you-go, or PAYG, obligations); and
interfund loans or advances.
The total amount of bonds that may be issued to finance the Public Development Costs for the
TIF District is shown in Figure 3-1. The City does not plan to issue general obligation bonds as
a result of the TIF Plan.
Pursuant to Section 469.178, subdivision 7 of the TIF Act, the City may advance or loan money
to finance expenditures under Section 469.176, subdivision 4 of the TIFAct, from the general
fund of the City or any other legally authorized fund under which it has legal authority to do
so, subject to the following provisions:
a) Not later than 60 days after money is transferred, advanced, or spent, whichever is
earliest, the loan or advance must be authorized by resolution of the City.
b) The resolution may generally grant to the City the power to make interfund loans
under one or more tax increment financing plans or for one or more districts. The
resolution may be adopted before or after the adoption of the tax increment financing
plan or the creation of the tax increment financing district from which the advance or
loan is to be repaid.
c) The terms and conditions for repayment of the loan must be provided in writing.
The written terms and conditions may be in any form, but must include, at a minimum,
the principal amount, the interest rate, and maximum term. Written terms may be
modified or amended in writing by the City before the latest decertification of any tax
increment financing district from which the interfund loan is to be repaid. The maximum
rate of interest permitted to be charged is limited to the greater of the rates specified
under Minnesota Statutes, Section 270C.40 or 549.09 as of the date the loan or advance
is authorized, unless the written agreement states that the maximum interest rate will
fluctuate as the interest rates specified under Minnesota Statutes, Section 270C.40 or
549.09 are from time to time adjusted. Loans or advances may be structured as draw-
down or line-of-credit obligations of the lending fund.
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d) The City shall report in the annual report submitted under Section 469.175,
subdivision 6 of the TIF Act:
1) the amount of any interfund loan or advance made in a calendar year; and
2) any amendment of an interfund loan or advance made in a calendar year.
3.04.7 Duration of TIF District
The City elects the maximum duration of the TIF District pursuant to the TIF Act. The collection
of tax increments will not exceed twenty-five (25) years from the date of receipt of the first
tax increment for a total of twenty-six (26) years of tax increment collection. Under the current
schedule for development, the first tax increment will be collected in 2025 (construction
commencement in 2023) creating the authority to collect tax increments through 2050. The
anticipated decertification date based on the estimated first year of tax increment collection is
December 31, 2050.
3.04.8 Estimated Impact on Other Taxing Jurisdictions
Exhibits III and IV show the estimated impact on other taxing jurisdictions if the maximum
projected retained captured net tax capacity of the TIF District was hypothetically available to
the other taxing jurisdictions. The City believes that there will be no adverse impact on other
taxing jurisdictions during the duration of the TIF District, since the Development would
not have occurred without the establishment of the TIF District and the provision of public
assistance. A positive impact on other taxing jurisdictions will occur when the TIF District is
decertified and the Development therein becomes part of the general tax base.
The City anticipates minimal impact of the Development on City-provided services. There
may be minimal borrowing costs to the City for the Development. A manageable increase in
water and sewer usage is expected. It is anticipated that there may be a slight but manageable
increase in police and fire protection duties due to the Development.
3.04.9 Prior Planned Improvements
There have been no building permits issued in the last 18 months in conjunction with any of
the properties within the TIF District. The City will include this statement with the request for
certification to the County Auditor.
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ARTICLE IV – ADMINISTERING THE TIF DISTRICT
SECTION 4.01 FILING AND CERTIFICATION
The filing and certification of the TIF Plan consists of the following steps:
1. Upon adoption of the TIF Plan, the City shall submit a copy of the TIF Plan to the Minnesota
Department of Revenue and the Office of the State Auditor.
2. The City shall submit a request to the County Auditor to certify the original net tax capacity
and net tax capacity rate of the TIF District. To assist the County Auditor in this process,
the City shall submit copies of the TIF Plan, the resolution establishing the TIF District and
adopting the TIF Plan, and a listing of any prior planned improvements.
3. If applicable, the City shall send the County Assessor any assessment agreement
establishing the minimum market value of land and improvements within the TIF District
and shall request that the County Assessor review and certify the assessment agreement as
reasonable.
SECTION 4.02 MODIFICATIONS OF THE TAX INCREMENT FINANCING PLAN
The City reserves the right to modify the TIF District and the TIF Plan. Under current State law,
the following actions can only be approved after satisfying all the necessary requirements for
approval of the original TIF Plan (including notifications and public hearing):
Reduction or enlargement in the geographic area of the Development District or the TIF
District.
Increase in the amount of bonded indebtedness to be incurred.
Increase in the amount of capitalized interest.
Increase in that portion of the captured net tax capacity to be retained by the City.
Increase in the total estimated Public Development Costs, including administrative costs of
the City.
Designation of additional property to be acquired by the City.
Other modifications can be made by resolution of the City. In addition, the original approval
process does not apply if (A) (1) the only modification is elimination of parcels from the TIF
District and (2) the current net tax capacity of the parcels eliminated equals or exceeds the net
tax capacity of those parcels in the TIF District’s original net tax capacity, or (B) the City agrees
that the TIF District’s original net tax capacity will be reduced by no more than the current net
tax capacity of the parcels eliminated.
The City must notify the County Auditor of any modification that reduces or enlarges the
geographic area of the TIF District. The geographic area of the TIF District may be reduced but
not enlarged after five years following the date of certification.
SECTION 4.03 CORRECTING REDEVELOPMENT CONDITIONS
Section 469.176, subdivision 4j of the TIF Act requires that at least 90% of the revenues derived
from tax increments from the TIF District be used to finance the cost of correcting conditions
that allow designation of the TIF District as a redevelopment district. These costs include,
but are not limited to, acquiring properties containing structurally substandard buildings
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
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or improvements or hazardous substances, pollution, or contaminants, acquiring adjacent
parcels necessary to provide a site of sufficient size to permit development, demolition and
rehabilitation of structures, clearing of the land, the removal of hazardous substances or
remediation necessary for the development of the land, and installation of utilities, roads,
sidewalks, and parking facilities for the site. The allocated administrative expenses of the City,
including the cost of preparation of the development action response plan, may be included in
the qualifying costs.
SECTION 4.04 FOUR-YEAR KNOCKDOWN RULE
The provision of the TIF Act referred to as the Four-Year Knockdown Rule requires
development activity to take place on each parcel within a tax increment financing district
within four years from the date of certification of the original net tax capacity of such tax
increment financing district. If development activity on a parcel has not begun within the
required time frame, no additional tax increment may be collected from that parcel and its value
must be excluded from the district’s original net tax capacity.
Development activity includes demolition, rehabilitation, renovation or site improvement,
including a qualified improvement of an adjacent street, on a parcel located within the TIF
District. If no development activity has occurred within four years from the date of certification
then that parcel shall be excluded from the TIF District and the original net tax capacity shall be
adjusted accordingly. The City must submit to the County Auditor, by February 1 of the fifth
year, evidence that the required activity has taken place for each parcel in the TIF District.
If a parcel is excluded from the TIF District and the City or owner of the parcel subsequently
commences any of the above activities, the City shall recertify to the County Auditor that such
activity has commenced and the parcel shall once again be included in the TIF District. The
County Auditor shall certify the net tax capacity of the parcel, as most recently certified by the
Commissioner of Revenue, and add such amount to the original net tax capacity of the TIF
District.
SECTION 4.05 POOLING AND FIVE-YEAR RULE
An amount equal to at least 75% of the total revenue derived from tax increments paid by
properties in the TIF District must be expended on activities in the TIF District or to pay bonds,
to the extent that the proceeds of the bonds were used to finance activities in the TIF District
or to pay, or secure payment of, debt service on credit enhanced bonds. Not more than 25%
of the total revenue derived from tax increments paid by properties in the TIF District may be
expended, through a development fund or otherwise, on activities outside of the TIF District
but within the defined geographic area of the Project Area except to pay, or secure payment of,
debt service on credit enhanced bonds.
Revenue derived from tax increments paid by properties in the TIF District are considered to
have been “spent” within the TIF District if such amounts are:
actually paid to a third party for activities performed within the TIF District within five
years after certification of the district;
used to pay bonds that were issued and sold to a third party, the proceeds of which are
reasonably expected on the date of issuance to be spent within the later of the five-year
period or a reasonable temporary period or are deposited in a reasonably required reserve
or replacement fund.
used to make payments or reimbursements to a third party under binding contracts for
activities performed within the TIF District, which were entered into within five years after
certification of the district; or
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used to reimburse a party for payment of eligible costs (including interest) incurred within
five years from certification of the district.
It is anticipated that all revenue derived from tax increments paid by properties in the TIF
District will be spent or obligated within the first five years after certification of the TIF District
and spent on Public Development Costs within the boundaries of the TIF District.
SECTION 4.06 FINANCIAL REPORTING AND DISCLOSURE REQUIREMENTS
The City will comply with the annual reporting requirements of the TIF Act pursuant to the
guidelines of the Office of the State Auditor. Under current law, the City must prepare and
submit a report on the TIF District on or before August 1 of each year. The City must also
annually publish in a newspaper of general circulation in the City an annual statement for the
TIF District, in the format as prescribed by the Office of the State Auditor.
The reporting and disclosure requirements outlined in this section begin with the year a tax
increment financing district is certified, and shall end in the year in which both the district
has been decertified and all tax increments have been spent or returned to the County for
redistribution. Failure to meet these requirements, as determined by the State Auditors Office,
may result in suspension of distribution of tax increments.
SECTION 4.07 BUSINESS SUBSIDY COMPLIANCE
The City will comply with the business subsidy requirements specified in Minnesota Statutes,
Sections 116J.993 to 116J.995, as amended.
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469.175(3)(2) of the TIF Act
1 Estimated Future Market Value w/ Tax Increment Financing 33,591,715 1
2 Payable 2022 Market Value 733,500
3 Market Value Increase (1-2)32,858,215
4 Present Value of Future Tax Increments 5,281,646
5 Market Value Increase Less PV of Tax Increments 27,576,568
6 Estimated Future Market Value w/o Tax Increment Financing 947,674 1
7 Payable 2022 Market Value 733,500
8 Market Value Increase (6-7)214,174
9 Increase in MV From TIF 27,362,394 2
1 Assume 1.03% annual appreciation over 26 year life of district.
2
Exhibit I
City of Prior Lake
Statutory compliance achieved if increase in market value from TIF (Line 9) is
greater than or equal to zero.
Present Value Analysis As Required By Section
Tax Increment Financing District No. 1-6
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 16
1 2025 13,000,000 163,438 9,169 152,244 98.71%150,285 (541) 149,744 141,581
2 2026 26,267,800 330,242 9,169 319,028 98.71%314,922 (1,134) 313,788 426,742
3 2027 26,538,358 333,643 9,169 322,409 98.71%318,260 (1,146) 317,114 703,735
4 2028 26,811,703 337,080 9,169 325,825 98.71%321,632 (1,158) 320,474 972,793
5 2029 27,087,864 340,552 9,169 329,276 98.71%325,038 (1,170) 323,868 1,234,142
6 2030 27,366,869 344,059 9,169 332,762 98.71%328,480 (1,183) 327,297 1,488,002
7 2031 27,648,748 347,603 9,169 336,285 98.71%331,957 (1,195) 330,762 1,734,588
8 2032 27,933,530 351,184 9,169 339,844 98.71%335,470 (1,208) 334,262 1,974,107
9 2033 28,221,245 354,801 9,169 343,439 98.71%339,019 (1,220) 337,799 2,206,760
10 2034 28,511,924 358,455 9,169 347,072 98.71%342,605 (1,233) 341,372 2,432,744
11 2035 28,805,597 362,147 9,169 350,742 98.71%346,228 (1,246) 344,982 2,652,250
12 2036 29,102,294 365,877 9,169 354,449 98.71%349,888 (1,260) 348,628 2,865,463
13 2037 29,402,048 369,646 9,169 358,195 98.71%353,586 (1,273) 352,313 3,072,562
14 2038 29,704,889 373,453 9,169 361,980 98.71%357,322 (1,286) 356,036 3,273,723
15 2039 30,010,850 377,300 9,169 365,803 98.71%361,096 (1,300) 359,796 3,469,115
16 2040 30,319,961 381,186 9,169 369,666 98.71%364,909 (1,314) 363,595 3,658,902
17 2041 30,632,257 385,112 9,169 373,569 98.71%368,762 (1,328) 367,434 3,843,246
18 2042 30,947,769 389,079 9,169 377,512 98.71%372,654 (1,342) 371,312 4,022,301
19 2043 31,266,531 393,086 9,169 381,496 98.71%376,586 (1,356) 375,230 4,196,220
20 2044 31,588,576 397,135 9,169 385,520 98.71%380,559 (1,370) 379,189 4,365,149
21 2045 31,913,939 401,226 9,169 389,586 98.71%384,573 (1,384) 383,189 4,529,230
22 2046 32,242,652 405,358 9,169 393,694 98.71%388,628 (1,399) 387,229 4,688,603
23 2047 32,574,752 409,534 9,169 397,844 98.71%392,724 (1,414) 391,310 4,843,402
24 2048 32,910,272 413,752 9,169 402,037 98.71%396,863 (1,429) 395,434 4,993,758
25 2049 33,249,247 418,013 9,169 406,273 98.71%401,045 (1,444) 399,601 5,139,798
26 2050 33,591,715 422,319 9,169 410,553 98.71%405,270 (1,459) 403,811 5,281,646
TOTAL = 9,108,361 (32,790) 9,075,571 5,281,646
Key Assumptions for Cash Flow:
1
2
3
4
Captured
TIF
Original
Tax Rate 2
Less
State
Fee
Available
TIF from
District
Exhibit II
The Beard Group
Projected Tax Increment Financing (TIF) Cash Flow
Captured
Tax
Capacity
for TIF
Base Tax Capacity is calculated based on a TMV = $733,500.
Taxable market value (TMV) annual growth assumption = 1.0%
Original Tax Capacity Rate estimated based on Taxes Payable Year 2022.
Taxes
Payable
Year
Tax
Capacity
Original
Base Tax
Capacity
Taxable
Market Value
TMV)
Tax Increment Financing District No. 1-6 (Redevelopment)
City of Prior Lake
Election for captured tax capacity is 100.00%. Captured tax capacity is estimated based election for Fiscal Disparity
contribution to be paid from TIF District. Development includes housing and commercial. Only commercial valuation is
subject to Fiscal Disparities.
PV
Available
TIF
TIF
District
Year
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 17
Estimated Annual Captured Tax Capacity (Full Development)$410,553
Payable 2022 Local Tax Rate 98.713%
Estimated Annual Tax Increment $405,270
Net Tax
Capacity
NTC)
Captured
Tax
Capacity
Percent of
Total NTC
City of Prior Lake 44,570,254 410,553 0.92%
Scott County 224,178,978 410,553 0.18%
ISD 719 72,006,648 410,553 0.57%
Net Tax
Capacity
NTC)
of Total
Tax
Increment
Share
Added Local
Tax Rate
City of Prior Lake 30.465%30.862%125,075 0.281%
Scott County 30.488%30.885%125,168 0.056%
ISD 719 27.877%28.240%114,450 0.159%
Other 9.883%10.012%40,576
Totals 98.713%100.000%405,269
NOTE NO. 1: Assuming that ALL of the captured tax capacity would be available to all taxing jurisdictions even
if the City does not create the Tax Increment District, the creation of the District will reduce tax capacities and
increase the local tax rate as illustrated in the above tables.
NOTE NO. 2: Assuming that NONE of the captured tax capacity would be available to the taxing jurisdiction if
the City did not create the Tax Increment District, then the plan has virtually no initial effect on the tax
capacities of the taxing jurisdictions. However, once the District is established, allowable costs paid from the
increments, and the District is terminated, all taxing jurisdictions will experience an increase in their tax base.
Annual Tax Increment
Exhibit III
Impact on Other Taxing Jurisdictions
Taxes Payable 2022)
Percent of Tax Base
City of Prior Lake
Tax Increment Financing District No. 1-6
Dollar Impact of Affected Taxing Jurisdictions
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 18
Based on Pay 2022 Tax Rate = 98.713%30.465% 30.488% 27.877%9.883%
New Estimated City County School Other
TIF Taxes Taxable New Base Captured Total TIF TIF TIF TIF
District Payable Market Tax Tax Tax Tax Related Related Related Related
Year Year Value Capacity Capacity Capacity Increments Share Share Share Share
1 2025 13,000,000 163,438 9,169 152,244 150,285 46,381 46,416 42,441 15,047
2 2026 26,267,800 330,242 9,169 319,028 314,922 97,192 97,264 88,936 31,530
3 2027 26,538,358 333,643 9,169 322,409 318,260 98,222 98,295 89,878 31,865
4 2028 26,811,703 337,080 9,169 325,825 321,632 99,263 99,336 90,830 32,203
5 2029 27,087,864 340,552 9,169 329,276 325,038 100,314 100,389 91,792 32,543
6 2030 27,366,869 344,059 9,169 332,762 328,480 101,376 101,452 92,764 32,888
7 2031 27,648,748 347,603 9,169 336,285 331,957 102,449 102,526 93,746 33,236
8 2032 27,933,530 351,184 9,169 339,844 335,470 103,533 103,611 94,738 33,588
9 2033 28,221,245 354,801 9,169 343,439 339,019 104,629 104,707 95,741 33,942
10 2034 28,511,924 358,455 9,169 347,072 342,605 105,735 105,814 96,753 34,303
11 2035 28,805,597 362,147 9,169 350,742 346,228 106,854 106,933 97,776 34,665
12 2036 29,102,294 365,877 9,169 354,449 349,888 107,983 108,063 98,810 35,032
13 2037 29,402,048 369,646 9,169 358,195 353,586 109,124 109,206 99,854 35,402
14 2038 29,704,889 373,453 9,169 361,980 357,322 110,277 110,359 100,909 35,777
15 2039 30,010,850 377,300 9,169 365,803 361,096 111,442 111,525 101,975 36,154
16 2040 30,319,961 381,186 9,169 369,666 364,909 112,619 112,703 103,052 36,535
17 2041 30,632,257 385,112 9,169 373,569 368,762 113,808 113,893 104,140 36,921
18 2042 30,947,769 389,079 9,169 377,512 372,654 115,009 115,095 105,239 37,311
19 2043 31,266,531 393,086 9,169 381,496 376,586 116,223 116,309 106,350 37,704
20 2044 31,588,576 397,135 9,169 385,520 380,559 117,449 117,536 107,472 38,102
21 2045 31,913,939 401,226 9,169 389,586 384,573 118,687 118,776 108,605 38,505
22 2046 32,242,652 405,358 9,169 393,694 388,628 119,939 120,028 109,750 38,911
23 2047 32,574,752 409,534 9,169 397,844 392,724 121,203 121,294 110,907 39,320
24 2048 32,910,272 413,752 9,169 402,037 396,863 122,481 122,572 112,076 39,734
25 2049 33,249,247 418,013 9,169 406,273 401,045 123,771 123,863 113,257 40,154
26 2050 33,591,715 422,319 9,169 410,553 405,270 125,075 125,168 114,450 40,577
Total 9,108,361 2,811,038 2,813,133 2,572,241 911,949
Note: The Estimated Total Tax Increment shown above is before deducting the State Auditor's fee, which is payable at a rate of
0.36% of the Total Tax Increment collected. Exhibit II provides Estimated Total Tax Increment after deducting for the State Auditor's
fee.
Exhibit IV
City of Prior Lake
Tax Increment Financing (Redevelopment) District No. 1-6
Estimated Tax Increments Over Maximum Duration of TIF District
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 19
Exhibit V
Map of Boundaries of Tax Increment Financing District No. 1-6 and Municipal Development
District No. 1
Boundaries of Municipal District No. 1 are coterminous with the municipal boundaries of the City of Prior Lake)
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 20
Exhibit V - Continued
TIF District 1-6
Dakota Street Redevelopment
Prior Lake B Squared Ventures, LLC
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 21
Exhibit VI
Inspection Report of Property
and Coverage Test Analysis
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 22
PROPERTY INSPECTION REPORT
FOR THE PURPOSE OF DETERMINING CONDITION OF BUILDINGS TEST AS
DEFINED BY MN STATUTES, SECTION 469.174, SUBDIVISION 10
1. Building Name: 4662 Dakota Street SE
2. Parcel No: 250010570
3. Building Address: 4662 Dakota Street SE, Prior Lake, MN 55372
4. Inspector(s) Name(s): Alan Ernste
5. Inspection Date: October 22, 2021
6. Inspection Time: 1:30 PM
7. Inspection Type: Interior Yes Exterior Yes
8. Building Vacant: Yes X No
9. Estimated Replacement Cost: $171,456
10. Estimated Cost to Correct Building Code Deficiencies: $81,661
11. Percentage of Replacement Cost: 47.63%
Note: Details supporting the calculation of Items 9 and 10 above should be included as an
attachment to the report.
DESCRIPTION OF CONDITION DEFICIENCIES: Minnesota Statutes, Section 469.174,
Subdivision 10, states that a building is Structurally Substandard if it contains “defects in structural
elements or a combination of deficiencies in essential utilities and facilities, light and ventilation, fire
protection including adequate egress, layout and condition of interior partitions, or similar factors, which
defects or deficiencies are of sufficient total significance to justify substantial renovation or clearance.”
12. Details on Defects in Structural Elements:
There are cracks in the building foundation; the rear cedar deck is rotting and needs to be
replaced; the roof is approximately 23 years old with curling shingles and needs to be replaced;
the front stoop is in disrepair and needs to be replaced; and floor joists are over spanned
13. Combination of Deficiencies:
1. Essential Utilities and Facilities
Main level restroom sink is not properly vented
Kitchen sink is not properly vented
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 23
No smoke or carbon monoxide detectors exist
Window on west building wall needs to be replaced
Window on north building wall needs to be replaced
No electrical service is provided to the property
2. Light and Ventilation
No bath fan in lower-level restroom
3. Fire Protection/Adequate Egress
East building wall overhang is within 5 feet of side property line and not properly fire
rated
East building wall has window and door openings that exceed 25% of wall area
4. Layout and Condition of Interior Partitions/Materials
Floor joists are over spanned
Lower-level stair to main level needs to be replaced as it does not meet riser height, run,
or head clearance
Main-level stair to upper level needs to be replaced as it does not meet riser height, run, or
head clearance
5. Exterior Construction
Front stoop is in disrepair and needs to be replaced
Roof is approximately 23 years old with curling shingles and needs to be replaced
Rear cedar deck is rotting and needs to be replaced
Soffit repairs needed on west building wall
Exterior siding in poor condition; residing of home is needed
Cracks in foundation
6. Other
14. Overview of Condition Deficiencies:
The home is in poor condition and has not been maintained. There are foundation cracks, siding
in disrepair, soffit falling away, gutters are full of debris and not properly draining stormwater
from the home, rotting windows, rotting decking material, roof in need of replacement, front
stoop in need of replacement, and several plumbing repairs needed.
15. Description of Code Deficiencies:
Floor joists are over spanned and need to be corrected; restroom fan is needed; two stairwells
exist and neither meets required riser height, run, or head clearance; proper venting is needed on
restroom and kitchen sinks; smoke and CO detectors are needed throughout the home; rear deck
is a hazard and needs to be replaces; and adequate repairs are needed to make sure exterior walls
are properly fire rated and meet codes related to percentage of wall openings.
16. Energy Code
The city may decide is does not want to count energy code deficiencies toward the thresholds
required by Minnesota Statutes, Section 469.174, Subdivision 10(b)) defined as “structurally
substandard. The city will need to provide direction to the Inspector as to whether energy code
deficiencies should be counted toward meeting the conditions test.]
Energy code deficiencies were not specifically evaluated.
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 24
17. Photographs Documenting Interior and Exterior of Building
Attached to this report are photos of the subject property offered as supporting documentation to the
information included in this report.
18. Summary of Inspector’s Qualifications:
Al Ernste is a Minnesota Certified Building Official and currently serves as the Building Official for
the City of Prior Lake. Mr. Ernste’s experience includes 20 years working in the construction
industry, serving as a laborer, carpenter, and Project Superintendent. Mr. Ernste operated his own
Residential Construction Contracting and Estimating business for nine years and has 24 years of
experience in building inspections, including 21 years serving as a Building Official for the cities of
Faribault and Prior Lake.
19. Summary of Deficiencies:
It is my professional opinion that this building is Substandard as defined by Minnesota Statutes,
Section 469.174, Subdivision 10c.
a) Building Code deficiencies total more than 15% of replacement cost.
b) Substantial renovation is required to correct conditions found.
Date 10/27/2021
Title Building Official
License # 1935
Name Alan Ernste
Signature
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 25
Condition of Building Test
Interior and Exterior Photo Documentation
4662 Dakota Street SE, Prior Lake, MN 55372
Photo #Description Photo Estimated Cost of
Repair / Replacement Description
1 Exterior foundation crack $4,511
The average cost to repair foundation
problems is $4,511, with most
homeowners spending between $2,318
and $6,750. Minor crack repairs cost $620
or more to fix, while major repairs that
require hydraulic piers can cost $10,000
to $15,000
2
3
4 Soffit repairs needed $400
Soffit repairs are estimated at $20 to $30
per linear foot. This area is approximatley
20 linear feet.
10,750Exteriorsidingrepairs
needed
The cost to side a house, including
materials, installation and site cleanup,
typically ranges from $5,400 to $16,000,
or about $10,750 on average. Common
siding materials include vinyl siding, which
costs about $3 to $12 per square foot.
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 26
5
Exterior openings
exceeding 25% and located
within 5 feet of side
property line
2,000 estimated cost of $2,000 to close existing
opening(s).
6
Overhang within 5 feet of
side property line and not
properly fire rated
1,500 Estimated cost of $1500 to properly fire
rate the wall.
7 New window needed $625
Average replacement windown costs $150
to $750 ($450) for the window alone.
Labor costs average an extra $100 to $250
175).
8 Rear deck repairs needed
to replace rotting wood $15,200
A cedar deck can cost $20-$75, or more,
per square foot; average ($47.50). The
deck is 320 SF, with a replacement cost of
15,200.
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 27
9 No electrical service to the
property $2,500 Electrical repairs are estimated at $2,500.
10
Roof in poor condition and
needs to be replaced;
approx. age 23 years
7,000
A typical range for roof replacement costs
for a home of this size is between $5,100
and $10,000.
11
12 Repairs or replacement of
front stoop needed $2,500 Full stoop replacement is anticipated at an
estimated cost of $2,500.
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 28
13
14
15
16
Window replacement or
combination window
needed
625
Average replacement windown costs $150
to $750 ($450) for the window alone.
Labor costs average an extra $100 to $250
175).
Main level stair to upper
level needs to be replaced;
does not meet riser height,
run or head clearance
5,000
A complete stair replacement inlcuding
new balusters, treads and risers usually
osts between $4,000 and $8,000.
Repairs or replacement of
front stoop needed $2,500 Full stoop replacement is anticipated at an
estimated cost of $2,500.
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 29
17
There are no smoke and
carbon monoxide
detectors in the home
1,200 $1,200 is estimated to install smoke and
CO detercters throughout the home.
18 Plumbing: kitchen sink not
properly vented $1,000 Estimated cost to properly vent sink is
400 plus $600 for the wall patch.
19 Plumbing: bathroom sink
not properly vented $1,000 Estimated cost to properly vent sink is
400 plus $600 for the wall patch.
20 No bath fan in lower level
restroom $850 Estimated cost of $850 to install a fan,
including labor.
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 30
21
22
23
24
Estimated cost to correct, repair, or replace $81,661
A complete stair replacement inlcuding
new balusters, treads and risers usually
osts between $4,000 and $8,000.
Over spanned floor joists $20,000
Costs to correct over spanned floor joists
can run $10,000 to $30,000 or more for a
typical home, depending on the size and
the ease of access to repair.
Lower level stair to main
level needs to be replaced;
does not meet riser height,
run or head clearance
5,000
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 31
Replacement Cost Estimate
4662 Dakota Street SE
Prior Lake, MN 55372
SINGLE FAMILY ATTACHED:
1st Floor Wood Frame $109.00 x =-$
2nd Floor $57.00 x 0 =-$
SINGLE FAMILY DETACHED:
1st Floor Wood Frame $118.00 x 1140 =134,520.00$
2nd Floor $60.00 x 195 =11,700.00$
GARAGE:
Wood Frame $47.80 x 0 =-$
Slab On Grade Garage $22.00 x 0 =-$
BASEMENT:
Finished $30.00 x 0 =-$
Unfinished $23.00 2 972 =22,356.00$
Crawl Space $22.00 x 0 =-$
3 Season Porch $47.00 x 0 =-$
Screen Porch or front Stoop $32.00 x 0 =-$
Deck $15.00 x 192 =2,880.00$
Fireplace:
Masonry $7,000.00 x 0 =-$
Stacked Masonry $5,000.00 x 0 =-$
Gas $3,000.00 x 0 =-$
Other
Total Valuation 171,456.00$
Contractor's Valuation
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 32
PROPERTY INSPECTION REPORT
FOR THE PURPOSE OF DETERMINING CONDITION OF BUILDINGS TEST AS
DEFINED BY MN STATUTES, SECTION 469.174, SUBDIVISION 10
1. Building Name: 4664 Dakota Street SE
2. Parcel No: 250010550
3. Building Address: 4664 Dakota Street SE, Prior Lake, MN 55372
4. Inspector(s) Name(s): Alan Ernste
5. Inspection Date: October 22, 2021
6. Inspection Time: 2:15 PM
7. Inspection Type: Interior Yes Exterior Yes
8. Building Vacant: Yes X No
9. Estimated Replacement Cost: $148,368
10. Estimated Cost to Correct Building Code Deficiencies: $69,915
11. Percentage of Replacement Cost: 47.12%
Note: Details supporting the calculation of Items 9 and 10 above should be included as an
attachment to the report.
DESCRIPTION OF CONDITION DEFICIENCIES: Minnesota Statutes, Section 469.174,
Subdivision 10, states that a building is Structurally Substandard if it contains “defects in structural
elements or a combination of deficiencies in essential utilities and facilities, light and ventilation, fire
protection including adequate egress, layout and condition of interior partitions, or similar factors, which
defects or deficiencies are of sufficient total significance to justify substantial renovation or clearance.”
12. Details on Defects in Structural Elements:
There are several cracks in the building foundation; the rear cedar deck is rotting and needs to be
replaced; the roof is approximately 23 years old with curling shingles and needs to be replaced;
and floor joists are over spanned
13. Combination of Deficiencies:
1. Essential Utilities and Facilities
Main level restroom sink is not properly vented
Kitchen sink is not properly vented
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 33
No carbon monoxide detectors exist
Several windows need to be replaced
Flat sanitary sewer line needs to be corrected
Existing 60 Amp electrical service needs to be upgraded to 100 Amp
Water heater not connected and is not vented properly
New furnace is needed
Basement plumbing not vented properly
2. Light and Ventilation
3. Fire Protection/Adequate Egress
4. Layout and Condition of Interior Partitions/Materials
Floor joists are over spanned
Lower-level stair to main level needs to be replaced as it does not meet riser height, run,
or head clearance
Main-level stair to upper level needs to be replaced as it does not meet riser height, or run
5. Exterior Construction
Roof is approximately 23 years old with curling shingles and needs to be replaced
Rear cedar deck is rotting and needs to be replaced
Several cracks in all sides of the home foundation
Chimney repair and roof vents are needed
6. Other
14. Overview of Condition Deficiencies:
The home is in poor condition and has not been maintained. There are foundation cracks, rotting
windows, rotting decking material, roof in need of replacement, and several plumbing repairs
needed.
15. Description of Code Deficiencies:
Floor joists are over spanned and need to be corrected; two stairwells exist and neither meets
required riser height, run, or head clearance; proper venting is needed on restroom and kitchen
sinks; CO detectors are needed throughout the home; and rear deck is a hazard and needs to be
replaces.
16. Energy Code
The city may decide is does not want to count energy code deficiencies toward the thresholds
required by Minnesota Statutes, Section 469.174, Subdivision 10(b)) defined as “structurally
substandard. The city will need to provide direction to the Inspector as to whether energy code
deficiencies should be counted toward meeting the conditions test.]
Energy code deficiencies were not specifically evaluated.
17. Photographs Documenting Interior and Exterior of Building
Attached to this report are photos of the subject property offered as supporting documentation to the
information included in this report.
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 34
18. Summary of Inspector’s Qualifications:
Al Ernste is a Minnesota Certified Building Official and currently serves as the Building Official for
the City of Prior Lake. Mr. Ernste’s experience includes 20 years working in the construction
industry, serving as a laborer, carpenter, and Project Superintendent. Mr. Ernste operated his own
Residential Construction Contracting and Estimating business for nine years and has 24 years of
experience in building inspections, including 21 years serving as a Building Official for the cities of
Faribault and Prior Lake.
19. Summary of Deficiencies:
It is my professional opinion that this building is Substandard as defined by Minnesota Statutes,
Section 469.174, Subdivision 10c.
a) Building Code deficiencies total more than 15% of replacement cost.
b) Substantial renovation is required to correct conditions found.
Date 10/28/2021
Title Building Official
License # 1935
Name Alan Ernste
Signature
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 35
Condition of Building Test
Interior and Exterior Photo Documentation
4664 Dakota Street SE, Prior Lake, MN 55372
Photo #Description Photo Estimated Cost of
Repair / Replacement Description
1
2
3
4
The average cost to repair foundation
problems is $4,511, with most
homeowners spending between $2,318
and $6,750. Minor crack repairs cost $620
or more to fix, while major repairs that
require hydraulic piers can cost $10,000
to $15,000. Due to extensive foundation
work needed on the entire foundation,
repair costs are estimated at $8,000
8,000Exteriorfoundationcracks
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 36
5
6
7
8 Front deck in disrepair and
needs maintenance $1,000
The areas in need of repair are
approximatley 50 SF, plus railing repairs;
estimated repair cost is $1,000
A cedar deck can cost $20-$75, or more,
per square foot; average ($47.50). The
deck is 204 SF, with a replacement cost of
9,690
9,690Reardeckrepairsneeded
to replace rotting wood
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 37
9
10
11
12 Additional roof venting
needed $900
Installing a roof vent costs between $300
and $650 on average, including labor and
materials; three additional vents at $300
ea. = $900
A typical range for roof replacement costs
for a home of this size is between $5,100
and $10,000.
7,000
Roof in poor condition and
needs to be replaced;
approx. age 23 years
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 38
13 Chimney is rusted and
should be replaced $600 Average repair costs, including labor, for a
metal chimney is $250 - $1,200
14
There are no carbon
monoxide detectors in the
home
1,200 $1,200 is estimated to install smoke and
CO detercters throughout the home
15 Plumbing: kitchen sink not
properly vented $1,000 Estimated cost to properly vent sink is
400 plus $600 for the wall patch
16
Plumbing: main level
restroom sink not properly
vented
no photo $1,000 Estimated cost to properly vent sink is
400 plus $600 for the wall patch
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 39
17
Window in front porch not
tempered glass and needs
to be replaced
625
Average replacement windown costs $150
to $750 ($450) for the window alone.
Labor costs average an extra $100 to $250
175).
18
Window by stairwell not
tempered glass and needs
to be replaced
625
Average replacement windown costs $150
to $750 ($450) for the window alone.
Labor costs average an extra $100 to $250
175).
19
Upper window by stairwell
not tempered glass and
does not meet egress
requirements; needs to be
repaired and replaced
625
Average replacement windown costs $150
to $750 ($450) for the window alone.
Labor costs average an extra $100 to $250
175).
20
Lower level stair to main
level needs to be replaced;
does not meet riser height,
run, or head clearance
5,000
A complete stair replacement inlcuding
new balusters, treads and risers usually
osts between $4,000 and $8,000
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 40
21
Main level stair to upper
level needs to be replaced;
does not meet riser height
and run
5,000
A complete stair replacement inlcuding
new balusters, treads and risers usually
osts between $4,000 and $8,000
22
Upper level does not
provide adequate
clearance; ceiling or roof
would need to be raised to
make habitable
The estimated cost of this repair far
exceeds the value that would result. For
this reason, this space is viewed as non-
habitable and no cost estimate is provided
23
Plumbing repairs needed
to correct flat sanitary
sewer line
400 Plumbing repairs to correct this issue are
estimated at $400
24 Basement plumbing not
propely vented $1,000 Estimated cost of $1,000 to properly vent
plumbing
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 41
25 Over spanned floor joists $20,000
Costs to correct over spanned floor joists
can run $10,000 to $30,000 or more for a
typical home, depending on the size and
the ease of access to repair
26
Existing 60-amp electrical
service needs to be
upgraded to 100 Amp
1,500 Average cost, inlcuding labor, to install a
100 Amp service is $1,200 - $2,500
27 Furnace not functioning
and needs to be replaced $4,000
A furnace replacement costs $2,000 to
5,400 on average for a new home
furnace and installation labor
28 Water heater not
connected $750 Estimated cost of $750 to correct this
issue and replace venting
Estimated cost to correct, repair, or replace $69,915
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 2022 42
Replacement Cost Estimate
4664 Dakota Street SE
Prior Lake, MN 55372
SINGLE FAMILY ATTACHED:
1st Floor Wood Frame $109.00 x 0 =-$
2nd Floor $57.00 x 0 =-$
SINGLE FAMILY DETACHED:
1st Floor Wood Frame $118.00 x 1044 =123,192.00$
2nd Floor $60.00 x 0 =-$
GARAGE:
Wood Frame $47.80 x 0 =-$
Slab On Grade Garage $22.00 x 0 =-$
BASEMENT:
Finished $30.00 x 360 =10,800.00$
Unfinished $23.00 2 492 =11,316.00$
Crawl Space $22.00 x 0 =-$
3 Season Porch $47.00 x 0 =-$
Screen Porch or front Stoop $32.00 x 0 =-$
Deck $15.00 x 204 =3,060.00$
Fireplace:
Masonry $7,000.00 x 0 =-$
Stacked Masonry $5,000.00 x 0 =-$
Gas $3,000.00 x 0 =-$
Other
Total Valuation 148,368.00$
Contractor's Valuation
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 202243Tax
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 202244NOTES
TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1-6
DRAFT FOR PUBLIC HEARING, NOVEMBER 7, 202245I=
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General Location Map
Waters Edge Marina
PIDs: 251910040 & 251530030)
1
Casey McCabe
From:reneeschmid@comcast.net
Sent:Tuesday, October 25, 2022 10:12 AM
To:Casey McCabe
Subject:Request
Mr. Casey McCabe
Community Development Director
City of Prior Lake
Dear Mr. McCabe,
The low water levels in Prior Lake have continued to be an issue in 2022. Water levels continued to drop throughout the
summer. Navigation in Boudin’s Bay and the exit channel to lower Prior Lake has been exceedingly difficult with
numerous boaters becoming stuck and/or damaging their boats or motors. We walked the bay several times to move
rocks and added numerous navigation buoys to keep all boaters in Boudin’s Bay safe.
Waters Edge Marina was granted a temporary dock extension by the City of Prior Lake in the spring of 2022. The DNR’s
preference was to extend docks before pursuing dredging options. Even with the dock extension, over half of our boat
slips were no longer navigable by late August. Any v-hull boats were being pulled out as early as July. Waters Edge
Marina has worked with the DNR to secure a permit for dredging in Boudin’s Bay around our marina docks and through
the channel in the middle of the bay. The cost to dredge is very significant and will benefit not only our marina but all
users and residents of Boudin’s Bay. The dredging plan is based on the current location of the dock. The extended dock
location is supported by the DNR to reduce the amount of dredging required. The economics of this investment are
challenging without a guarantee that we will be able to keep the dock extension. We have already invested in the dock
extension in 2022 and our dock is a floating system that is not easily moved. Dredging will require us to move the dock
at additional costs. These costs are not sustainable without support from the City of Prior Lake.
Waters Edge Marina is requesting the City of Prior Lake to consider the following:
Grant Waters Edge Marina a permanent dock extension as previously approved
Grant Waters Edge an additional six slips to help offset part of the dredging costs. These would only be added as
water levels rise and are able to support the additional slips.
At a minimum, grant Waters Edge Marina an additional one- year temporary dock extension for 2023. Without a
permanent extension, dredging will not be feasible.
Please let us know if you have any questions. Thank you for your consideration of this request.
Sincerely,
Renee and Dan Schmid
Schmid Family LLC dba Waters Edge Marina
SECURITY NOTICE: This email originated from an external sender. Exercise caution before clicking on any links or
attachments and consider whether you know the sender. For more information please contact
Helpdesk@PriorLakeMN.gov.
Approximate Dock Configuration
showing temporary 48-foot extension)
Waters Edge Marina
Permit Number
2022-2853MNDNRPERMITTINGANDREPORTINGSYSTEM
Public Waters Work Permit
Expiration Date: 12/31/2022
Pursuant to Minnesota Statutes, Chapter 103G, and on the basis of statements and information contained in the permit
application, letters, maps, and plans submitted by the applicant and other supporting data, all of which are made part
hereof by reference, PERMISSION IS HEREBY GRANTED to the applicant to perform actions as authorized below.
Resource:Watershed:County:Project Name:
Waters Edge Marina Scott Lower Minnesota River Lake: Lower Prior
70002600)
Authorized Action:Purpose of Permit:
Waterward Navigation Channel Excavation Conduct maintenance dredging along 940 ft of the historic
channel location, with a width of 30 ft and 5:1 slopes and
around the mooring facility slips. Excavation will be no lower
than the elevation 896 ft. Dredged material will be dewatered in
parking lot of the mooring facility and final disposal at Prior
Lake Aggregates. All work shall be done in accordance with the
plans and supporting materials on file.
AUSTEN ADRIAENS
27301 VERDIN ST NW
ISANTI, MN 55040
763) 444-6103
austen@nswaterways.com
JETHRO CARPENTER
27301 VERDIN ST NW
ISANTI , MN 55040
612) 685-7337
jethro@mtcarpenter.com
DAN SCHMID
527 VISTA RIDGE LANE
SHAKOPEE, MN 55379
612) 201-5783
reneeschmid@comcast.net
Permittee:Authorized Agents (2):
Property Description (land owned or leased or where work will be conducted):
UTM zone 15N, 469427m east, 4954146m north (centroid),
Meandered water body of Section 30, T115N, R21W
10/14/2022 10/14/2022 12/31/2022IssuedDate:Effective Date:Expiration Date:
AreaHydrologistTaylorHuinker 651-259-5790taylor.huinker@state.mn.us
Authorized Issuer:Title:Email Address:Phone Number:
This permit is granted subject to the following CONDITIONS:
APPLICABLE FEDERAL, STATE, OR LOCAL REGULATIONS: The permittee is not released from any rules, regulations,
requirements, or standards of any applicable federal, state, or local agencies; including, but not limited to, the U.S. Army
Corps of Engineers, Board of Water and Soil Resources, MN Pollution Control Agency, watershed districts, water
management organizations, county, city and township zoning.
NOT ASSIGNABLE: This permit is not assignable by the permittee except with the written consent of the Commissioner
of Natural Resources.
CONDITIONS continued on next page...(MPARS revision 20180129, Permit Issuance ID 103663, printed 10/14/2022)
CONDITIONS (Continued from previous page )
NO CHANGES: The permittee shall make no changes, without written permission or amendment previously obtained from
the Commissioner of Natural Resources, in the dimensions, capacity or location of any items of work authorized
hereunder.
SITE ACCESS: The permittee shall grant access to the site at all reasonable times during and after construction to
authorized representatives of the Commissioner of Natural Resources for inspection of the work authorized hereunder.
TERMINATION: This permit may be terminated by the Commissioner of Natural Resources at any time deemed
necessary for the conservation of water resources of the state, or in the interest of public health and welfare, or for violation
of any of the conditions or applicable laws, unless otherwise provided in the permit.
COMPLETION DATE: Construction work authorized under this permit shall be completed on or before the date specified
above. The permittee may request an extension of the time to complete the project by submitting a written request,
stating the reason thereof, to the Commissioner of Natural Resources.
WRITTEN CONSENT: In all cases where the permittee by performing the work authorized by this permit shall involve the
taking, using, or damaging of any property rights or interests of any other person or persons, or of any publicly owned
lands or improvements thereon or interests therein, the permittee, before proceeding, shall obtain the written consent of all
persons, agencies, or authorities concerned, and shall acquire all property, rights, and interests needed for the work.
PERMISSIVE ONLY / NO LIABILITY: This permit is permissive only. No liability shall be imposed by the State of
Minnesota or any of its officers, agents or employees, officially or personally, on account of the granting hereof or on
account of any damage to any person or property resulting from any act or omission of the permittee or any of its agents,
employees, or contractors. This permit shall not be construed as estopping or limiting any legal claims or right of action of
any person other than the state against the permittee, its agents, employees, or contractors, for any damage or injury
resulting from any such act or omission, or as estopping or limiting any legal claim or right of action of the state against
the permittee, its agents, employees, or contractors for violation of or failure to comply with the permit or applicable
conditions.
EXTENSION OF PUBLIC WATERS: Any extension of the surface of public waters from work authorized by this permit
shall become public waters and left open and unobstructed for use by the public.
WETLAND CONSERVATION ACT: Where the work authorized by this permit involves the draining or filling of wetlands
not subject to DNR regulations, the permittee shall not initiate any work under this permit until the permittee has obtained
official approval from the responsible local government unit as required by the Minnesota Wetland Conservation Act.
CONTRACTOR RESPONSIBILITY: The permittee shall ensure the contractor has received and thoroughly understands all
conditions of this permit. Contractors must obtain a signed statement from the property owner stating that permits
required for work have been obtained or that a permit is not required, and mail a copy of the statement to the regional DNR
Enforcement office where the proposed work is located. The Landowner Statement and Contractor Responsibility Form
can be found at: https://bwsr.state.mn.us/sites/default/files/2019-01/Wetland_WCA_Contractor_Responsibility_Form.doc
INVASIVE SPECIES - EQUIPMENT DECONTAMINATION: All equipment intended for use at a project site must be free
of prohibited invasive species and aquatic plants prior to being transported into or within the state and placed into state
waters. All equipment used in designated infested waters, shall be inspected by the Permittee or their authorized agent
and adequately decontaminated prior to being transported from the worksite. The DNR is available to train inspectors
and/or assist in these inspections. For more information refer to the "Best Practices for Preventing the Spread of Aquatic
Invasive Species" at http://files.dnr.state.mn.us/publications/ewr/invasives/ais/best_practices_for_prevention_ais.pdf.
Contact your regional Invasive Species Specialist for assistance at www.mndnr.gov/invasives/contacts.html. A list of
designated infested waters is available at www.mndnr.gov/invasives/ais/infested.html. A list of prohibited invasive species
is available at www.mndnr.gov/invasives/laws.html#prohibited.
EROSION AND SEDIMENT CONTROL: In all cases, methods that have been determined to be the most effective and
practical means of preventing or reducing sediment from leaving the worksite shall be installed in areas that slope to the
water and on worksite areas that have the potential for direct discharge due to pumping or draining of areas from within the
worksite (e.g., coffer dams, temporary ponds, stormwater inlets). These methods, such as mulches, erosion control
blankets, temporary coverings, silt fence, silt curtains or barriers, vegetation preservation, redundant methods, isolation of
flow, or other engineering practices, shall be installed concurrently or within 24 hours after the start of the project, and will
be maintained for the duration of the project in order to prevent sediment from leaving the worksite. DNR requirements may
be waived in writing by the authorized DNR staff based on site conditions, expected weather conditions, or project
CONDITIONS continued on next page...Page 2 - Permit Number 2022-2853
CONDITIONS (Continued from previous page )
completion timelines.
FISHERY PROTECTION - EXCLUSION DATES: No activity affecting the bed of the protected water may be conducted
between April 1 and June 30, to minimize impacts on fish spawning and migration. If work during this time is essential, it
shall be done only upon written approval of the Area Fisheries Manager. See contact list at:
http://files.dnr.state.mn.us/fisheries/management/dnr_fisheries_managers.pdf. Should work begin elsewhere in the project
area within these dates, all exposed soils that are within 200 feet of Public Waters and drain to those waters must
complete erosion control measures within 24 hours of its disturbance to prevent sediment from entering Public Waters.
MAINTENANCE: Maintenance of this project to originally authorized conditions may be authorized by amendment to this
permit.
WILDLIFE FRIENDLY EROSION CONTROL MATERIALS: Due to entanglement issues with small animals, use of
erosion control blanket shall be limited to ‘bio-netting’ or ‘natural-netting’ types, and specifically not products containing
plastic mesh netting or other plastic components. Also be aware that hydro-mulch products may contain small synthetic
plastic) fibers to aid in its matrix strength. These loose fibers could re-suspend and make their way into Public Waters.
As such, mulch products containing plastic fiber additives should not be used in areas that drain to Public Waters. See
this website for additional resources:
https://www.dot.state.mn.us/environment/erosion/rolled-erosion-prevention-products.html
NOTIFICATION OF PROJECT START & COMPLETION: Notification shall be given to the area hydrologist 3 days prior to
commencing the project and upon completion of the project.
John Gleason, EWR District Manager
James Fogarty, Conservation Officers, Prior Lake
Alyssa Core, BWSR Wetland Specialists, Scott
Bridgette Timm, DNR Regional Nongame Specialists, Region 3 - South
Melissa Collins, DNR Regional Environmental Assessment Ecologist, Region 3
Bob Fashingbauer, DNR Wildlife, Vermillion River Complex
Daryl Ellison, DNR Fisheries, West Metro Area
Marty Schmitz, County, Scott
Joni Giese, Watershed District, PRIOR LAKE-SPRING LAKE WD
Corps of Engineers, Corps of Engineers, Scott
Willie Peters, SWCD, Scott SWCD
Troy Kuphal, SWCD, Scott SWCD
Pete Young, City, Prior Lake
cc:
Page 3 - Permit Number 2022-2853