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1972-01-04. a t i,1TX,?',.:CI; 4x' i"y�1��'Ld'a'_�s Fi�":��i7.'S rr�T�CTs. GC3i3 4�`.�, �':>i4i�i�:SO`.r.�. a� qe��±e�x? J�nu� 4-y �'�� �9"�2 �a��. �o d��e�:. pc��a�:�s���.�r:•wx.a�:� �Y-. 0�,�:i� a� �-":i i�c •co �.r��t�.�r elec�cd o�:tics.s.ia: ✓ �S�.:V�':: DC1Ilu..�C1 Js., ��Li�:�X' , . Cca��.y.�rat��,, Ru^�c���. Z�.; i�:��h�. . � � r, 1 C� � .�. C �!..�_ � .. ' - � I �� �'�)�J�i:Y:�.��_'i: �-, . ., , r . ♦ • • � �i i;. . .`�f.:... �:��1. V�f.. tf`t:.. � :,j2.'..+ L:Q�:: .. <+�.�4L..f�i �1i�i:? �C� - t . � � �.. ii.?� .. �:3c"'>'i::? [.7� C�:s. 'i:�.">_�:: �+'? �..� i;.:jt`. ��:�:�.�.L� ,�. �i':..'t•�:'i�� �Gi'�� . . • : 1«�J�i �"�VC^i � C1 SS !.G Cl.'�.�.�.��J:JI.I.Y.��.2J �!L U....I,�C C�K ��12,��� � . -PrZ t��J�'�.,�OVr�� a,t� i.i'�.�'!1.li:.4�:� - x'E�'J!�•.�� 2u� u'i,].x'!C3 C1I: TiCr'Ck'T�I�"JE.',i �1.,� �.w%�_} , I -- " ���� . i i���o��s:t �i ��i� rs��:r��, .- si,��;�± aZ m���:it�g cs:� Dec�r�b�.� �.�,, �� ; �- �"" ! ' ._ s�cc�.��. me��srrc� �r �ec�r�ber Za . �97? � . -----��„ T�4-��a �:� a�•��'c� e� - ��9. � �:ines3 � ��s�:I�.y p�'apvr•t:� , _ . . � T . � .t .� ��, : Ci�a�ge Orc�Fr �?�o., ;-- �rr��., 7Cf a Px�o;j Q 5 f S�.�� ey ?�i.c�i� S�hoo� i, .. , . _ -- .,. �� i2 :��sv�.��xr�? - �•e��ua��:.�:c,s e3:.�7,�ie<•�,.ng a��r� i.�:��x�ica? w•�rx��:�rcE .. t � �:�or.� ,�:��.e T�f�.n?�^^oi:� 3�e�,ra��;r��rs;: fl:c &xi.cs?�:'��s _ • . � . .� � �.�-, �•'4c :i:t�1�..y:. a:� ui.L'_C�V � :.i -G'".•�G°�' ??c"�'�Ct?:� c'�ii'c :�'i:.r:C:�'C ::��ls.".G:i'.w:�.f.E'3:� S.t? ..A.f,?f J�. - .. . . ?�€3U �r:� 2t���` re :ci ^���e� �E�w'ur:t_ir ��� l�•� . .. p ��,s — � �/ �� //. !, ; • �_ `' .'_:. `:.�:t�_,. .t ., �': '-j:: . :_ � T �i�%qi/7. ,4 . I �e C, n �z T��/�r� � ` ; �� _ . ` . . . -,: — ,�d 6?r�nr� ��i Cr /�/�," �' - - 07� ��/ ��•• T/�'i'! . � .. �ao � /��r �����p t�� .; f rL! %7.%��.1�� t 1 • . .? '• , � . � ' - � cS�/O/�� �//Jl��'Sr . .' .�: _ .. s . � # .4 ,. , : � _. _ • . � , , � • �' ._... : . , ," ' . : .. _, . . - ( � ' `-., � \ , � .; c J � • � A Village of Mendota Heights Dakota County, Minnesota RESOLUTION N0. �s � R�SOLUTION APPROVING 1977. TAX LEVY, COLLECTIBLE IN 1972 IT IS HEREBY RESOLV�D by the Village Council of th� Vi�lage of Mendota Iieights, Minnesota, that the fol].owing sums of money be levied for the current year, collectible in 1972, upon th� taxabl.e property in said Vil.lage of Mendota Heights, for the fo7.l.owing purposes: c General F'und Civil Defense Fund Debt Service Contribution to Firemen`s Relief Association Total Tax Levy $243,700.00 500.00 41,400.00 7,300.00 $292,900.00 ' Provision has been made by the Vil.lage for paym�nt of the Vill.age `s � contri.butory share of i�he Public Employees' Retirement Fund, as provided for in 1�Zinnesota Statutes Annotated, Sections 353v01 et. seq. No further levy is required for this purpose. _ ' The Vil].age Clerk is hereby instructec� to transmit a certified copy of this resolution to the County Auditor of Dal:ota County, Minnesota. � Adopted by the Village Council of the Village of Mendota Heights on � � �.. z- �. , 19 71. . - VSLLAGE COUNCIL VILLAGE OF M�NDOTA HEIG�iTS By , Donald L. iiuber Mayor ATTEST: Gilbert M. Radabaugh Village Clerk ._.�._._..- - �- - . _. . _. ; . - - � r , � � 0 •Resolution #_1'��il �. ,.�.;, , . RES-OLUTION APPROUING 1971. TAX LEUY, COLLECTIBLE IN 1972 C �� BE IT RESOLUED by the Uillage Council of the Uillage of inendota Heights, County of Dakota, minnesota, that the following sums of money be levied for the current year, collectible in 1972, upon the taxable property in said Uillage of inendota Heights, for the following purposes: General Fund� Civil Defense Fund Debt Service Fund Contribution to Firemen's Relief Association �243,700.00 500.00 41,400.00 7,300.00 The Village Clerk is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Dakota County, minnesota. Adopted by the Uillage Council on December 28, 1972. ��e� � �t.� (mayor) "Provision has been made by the Uillage for payment of $21,574.30 as the Uillage's contributory share of the Public Employees' Retirement Fund, as provided for�in minnesota Statutes Annotated, Sections 353.01 et. sec. No further levy is required for this purpose." .� L �, .. �J e - �. , - . . . i. ' ' " ` •"__ ' ' : ,- ' . �� � � . , � ;, ' ` • . VZLLA�L'OF''. P4ENI�OTA HEIGHTS � � • . � DAKOTA COUDTTY � ,�� ' �. , ' ST.�iTE OF MINNESOT� ' , � - Miriutes of the Special ��teeting , � � Held Tuesday, December 28, 1971 � ,� Pursuant to due call'and notice thereof, the special meeting r:� of the Vil'lage Council, Village of Mendota I3eights, continued from the meeting of December 13, 1971, was held at 7:30 o'clock P.M. at . the Village F3all,'2010 South Lexington Avenue, Saint Paul, Minnesota. ., , , IUlayor� Huber called the meeting to order at 7: 30 0' clock P.b1. . ' The following memlaers �vere present: nZayor Huber, Councilmen Lockwood, . Blair and Gutzmer.. Councilman Stringer was absent. , � r Councilman Gutzmer moved adoption of RES�LUTSON N0. 455 entitled � "RESOLUTION APPROVIPdG 1971 TAX LEVY,� COLLECTIBL•E IN 1972". The total . .. hudget for�the General Fund at $243,,700..00 and other levies at�$49,200.00: for a total budget of $292,90�J.00. The amount to he levied by taxes is F shown at $292,900.00 to be certified to the County Auditor at Hastings, biinnesota. ��Iotion seconded ?�y Mayor Huber. Vote : Ayes- 4; Nays -. 0. : ` � �' � � ' - Mayor Huber moved the Council grant a variance to the height . requirements of the Zoning Ordinance to permit the construction of the . "Sommerset 19" apartments in accordance with,the Plans thereof on file �, in the Office of the Village Clerk. Motion�seconded by Councilman " Lockwood. Vote: Ayes - 4; Nays = 0. � . . , , . , . , ' :� . �. Mayor Huber moved the�Council apProve a'buildirig permit to ',' Somerset Associates to construct.the.east building for the project ' known as "Sommerset 19". Moti.ori seco,nded byYCouncilman Gutzmer. Vote: �` Ayes - 4 ; Nays = 0 . , � ' . ` �' ;� .. , . �, , � . -�• � ' �' � �: : � � ;..�. : ..� ,.; _ , . There being no further business'to come'before the Council, ' ��� Mayor Huber moved:.the meeting be�adjourned. r�Iotion seconded by � Councilman Blair.' Vote: Ayes - 4; Nays -`0: ' >� .. � , �- .� Tiine of Adjournmerit: 8:10.,P.M. '� � , . <� .,. , � f , • . . " . _ � ATTEST : , Donald L. Huber, Mayor . ; '�. � ' � � � . � . ,'G. M. Radabaugh, Clerk-Treasurer . , � , . • � T, � List of L�censes for Approval on Janua�y 4� 1972 Shattuck Dairy Milk Depo� Somerset Country Club CF?SaiIOV� BrOS e McKtnight Trucki�g Mendota Heights Rubbish Serv�.ce Troje°s Trash Pick�Up H�ghlaad Park San3.tata.vn .. Lo�aell Martinson Comgany William Seidla Cemer�t Co�tractor Willi,am E, Dea� Tumi�aelly� Trtca Impe�ial Eagineeri�ag, Inc, m Cigarette L�cense Cigarette Licens� Rubbish �.emoval Rubb3.sh Removal Rubbish Remova]. Rubbish Remova]. Rulbb�sh Remov�l Cement & Masonry Cement & tiasonry Genera�. Contract�.ng Generax Gontracti�ng Excavat3ng L�,cense ��S � OF C�l�N'�.S Si7�3MIT'�ED TO � C�U�iC�I� �'�R. AI�PRfJil1�.�., Jaa�u�ry 4� I.9i� . � �� ���/�lo i �'' o'%��''r�"�i Ac���.ni��ratios� � 3£�6� 35Q�f9fi 2homas a., Cu��.ey �c����3.��0� iTill�ge �ai3. 3(�63 9.,9t� C�ip�a�zr� S���a�gs Cor�pa��r �'c�u�.�r�. l��se� &. suppla.esp�wa�er 3t966 �� 9 ]����ae���r ° s S�apere�.�c� 3t369 52Q�.5 �'r�a2�ei��� :��e;, 3�i93 `Ja 2+�� �or�����ster�, Be�,�. ae�.�:�iw�c��2� C�� 3t�34 42�,38 Rm�na�.d Er�.�.��.���: �ol�c� D�����me�� . � - �W�� 3C1a9 3#��4 3UG� ��'06 r'"J-3Q67 ° 3t�85 �VJ� ��f93 � F��e Depa��m�n� � � M.�a��ea€r��. 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Tes�.,De�.aw�are & E�er�on Avs, ���.epha�e e�ep�e��e 30'74 23.��� ��or�i S�;a� �o����i:� ��r��r�t�� �. h�se ��.ab , 3C3`76 ' �.�,�:(D i�i+��de��� �I��.c�i��s �.u�3��.s�� Ser�,i.ee �R�b��.sh �e�ac�va�. 3C►83 �? Q„ 2�.5 Q8� �i�e��c��r�l�.�m� S���a��: B�aa�d � S���e�: R����1. E�a���e 3C#85 �.8 p tf� ���R �anmu�i.c�t:�.c��� i3�d�.a �q�,�.�sr���a� �ep��,�s 3�i8i 79„'�3 :�� Kn �}•aehi ������ �e�:��l �ec�ip�s 3t}�3 . �.io�.� �lio�c���t��s��r� 8���. ��i�pi���� Cz�� . ��3.��,��.��� e�t���as� _ P�rks � %ec?^�a���y� ��� 3�5F3 3.��, �� I��aa S��rZ�ck 3Q5�. 320�3 :C'�ra ���i������3. ��l52 6iD �t3� ���r� ?���xar� 3tiS� Z6,4+6 8�,�.� I�.�d��.�!rr �`�a �` ��5 $.�3., �� l�f� �Z�2c�L-"'�. �:.�b1l..e.CI .� . , - f: P�'Z'C3 C1333 � `G � i�b8 28 ;� 4� Sc"�YLdi'e.� SC3.c�.L1X'e 3�'7C� ��73 �C3�6 3f383 3�90 3f39�. 3095 3JCo8Q ��a 8� ��o�z �;, �8 1�.Q n t��9 3I�5�� 1io90 ii�.QScare Bo�l�.r�g Su�i�.�s �i� C��y G�ass & P��nz Fa�e2�.D a�mun, �.��r3t & Cc�npatay Sau�h P�k Cor�so�:a��o� ��.��3.i�cJ E1�c..'C'�i3.C: SLZ�i�q317y, �=b'!Co N'i�.Y1Yl3esa�:3 Fixe e �i�C � . 5���on �r�.���.�age ��c� . Ce�t�.f�c�`�e� & im�o �3��tds 3�7'� 5„�59��6 3�78 3.a45�ot�t} 3�ri9 4„6�SoS� 3i98� 24a898�5cf(?�. voiSV ��� iL•�JV ` 31C?g i85o5(} 3�t�� �3�,924p?8 3iO3 68p3��,t9E >�04 �SQot30 S�zpp33.es � stamps o er�ve�.opes o prin��:�.g, lst A$d K�Lt� � e�CA St�.pplies b I2 arm baaads Pa�lc Dev��.o�►anen� Q paint Su�;p�.�.es � Cap�.��Jl Outlay. P�rk D�v��op�ent & Mainta Cap��ca3. �ut1�y�� he�tera glov�s a i 1i�'tea�s & liaers Supp��,es � 50t1 enve�,oges �L�i: bi���.ca�.a�. ��n1s o� 5t� �'aui �1at�ds d�ted ��Z.-�66 Isg b�a�ia�t��. Samk o� M-+�eapo3_�,s t'er�3.��c��es eg Indeb��dn�ss d��ed �=1=76 "! A,mesc�.�� Na�tioa�a� �3�c & Tx€xst ���� Bo�ds clat�d 1 Y��.�7� :. ��agtfi��es�e�^ra RIa��.o�a2 �a,-�k mf P�plso Zm�� Bo�tds datad 5�3.=67'� �iss•� I�'a'E�.a�a�. B�� o� S'�, P�aa�. ��n�� B��ac�s d��ed 6��Q69 I Firs�: I���i��al �3��2�C fl� Si.� �au�. C���if�.cares of �ndebte8a��ss � e���ed 2a�.�6� ' . .��e�i��n �'��ic���l S��C .& i��s�c Smp� �o�ads d��ed 3.2��.p&8 �or ... �.��e��s� & b�aak fees ��ac�c�x� "rT��ion�i B�� ����z,�� Tru�Y v�,��� Bond� d��ed 13d l�.a�.�'�0 m p�ir�csp�1C g i�a.�e�e�t �acl bas�% fe�s �'s����h Go &.7s�� E e ����,�� T�po ?�, P�o� � 5 B P��el �� e�se�nen� �'ir� Re�ie� Assoc�.��c�.v� 3�8I 10698o�i� ��T�.lfr�d D�hre�� '����su3e� �ou�a�y Agpvrv��nmea�ti EHLERS AND ASSOCIATES, INC. FINANCIAL CONSULTANTS FIRST NATIONAL-SOO LINE CONCOURSE 507 MARGLUETTE AVE. MINNEAPOLIS, MINNESOTA 55402 339-8291 (AREA CODE 6121 January 1, 1972 Lest you hadn't noticed, another yea'r just flashed by; seems like each goes by a little faster. Time must be relative to one's total experience. For a five year old a year is one-fifth of his total life to that date; a year, then, is a very long time. But by age fifty a•year is only one-fiftieth of his past life and is, therefore, much shorter. T wonder if this doesn't'account, at least in part, for the impatience of young people. So much happened in 1971 it is difficult to report dropped sharply early in the year, rose to.another the President's tax freeze message, again dropped Dow-Jones Index 5.16� Municipal Bond Yiedd The Wall Street Journal Mon ay, Decem er , 71 it all. Tax-exempt bond yields high by July and, following almost 30�. Prognosticators say that interest rates will hold or perhaps drop a little more and then will trend upward later in 1972. We had thought that, with a11 the bond election failures, the bond supply would be sharply lower in 1971. Instead, it proved a record year for new supply. The number of issues were less but many of the states and other larger units of government brought out some mammoth issues to inflate the dollar amount. I question whether the trend will continue in the coming year. We may look back on 1971 as the year when 1oca1 government was 1ost. Through efforts of some taxpayers and government "reform" groups the property tax well was so poisoned that local taxing authority was seriously impaired. The California case (Serrano ver- sus Priest) seems to say that local taxation on local property for education is un- constitutional. Minnesota and other states so limited spending and taxing"�by munic- ipalities, school districts and other governmental units that local governments are or will become mere agents of the state, if not the federal government-. -How can a government exist without some discretion to fund at least part of its needs? It is now admitted that the legislature is now the super school board of Minnesota. '�"-�� ;: f; :r ::F-; r {_' :t ti,�,:�= MINNESOTA MunicioalitY eurnsville MooMead Columbfa Hefghts. ISO 813 Eden Prairie Mpls.-St. Paul (THin Cities Transit Comm.) Loretto Mendota Heights Mendota Neights Minneapolis Minneapolis Minneapolis Minneapolis Minneapolis Minneapolis Minneapolts &lle Plaine Belle Plaine Faltmont Fai rnant Fai rnant Vfctoria Dilworth Eagan Rednood County Nutchinson Hutchinson � Rosemount N111mar Excelsior Excelsior Zumbrota Lino Lakes White Bear Lake, ISO 9624 Vlabasha Brooklyn Park Staples, ISD B793 MadeHa Sleepy Eye Shoreview Golden Valley Shorewood Rochester Emmons Monticello Manticello NeH Ulm Elk River Coon Raplds Jordan Woodbury L7ttle Canada West St. Paul Detrott Lakes Hennepfn County Hennep7n County St. Paul, I50 8625 Minneapolis, SSD 81 Granite Falls, ISD 8694 Balaton Mankato Mankato Mankato Bloomington Prtor Lake, ISD 8719 Prior Lake, ISD /719 Waconia Cottage Grove HISCONSIN Ashland Onalaska Jacobs, Et. A1., JSD 91 Green Bay Appleton Muskego Kenosha River Falls Rhinetander Greenfield Fontana on Lake Geneva Bro�m County Nhitehall Oak Creek Osceola Ocanto Milwaukee Lounty NORTH DAKOTA � Fargo BotNneau Grend Forks State of North �akota Grand Forks Fargo $OUTH OAKOTA Lincoln County Sioux Falls Sale Oate 9/20/71 9/20/71 9/21/11 9/28/71 9/28/71 9/29/71 10/5/71 30/5/71 30/5/71 30/5/71 10/5/71 30/5/71 10/5/71 30/5/71 10/5/71 10/6/71 10/6/71 30/7/71 10/7/71 10/7/71 10/12/11 10/14/71 10/39/71 30/19/71 10/19/71 30/19/71 10/19/71 30/20/71 30/26/71 30/26/71 30/26/71 ioiz�i�i 11/1/71 11/8/71 11/8/)1 11/9/71 u/io/n 11/13/71 11/11/71 11/15/71 11/15/71 11/16/71 11/16/71 il/17/71 11/17/71 11/23/71 11/23/71 11/29/71 11/30/71 12/1/71 12/1/71 12/2/71 12/1/71 12/7/71 12/7/71 12/7/71 12/1/I1 12/8/71 12/9/71 12/13/71 12/13/71 12/13/71 12/13/71 12/13/11 12/13/11 iz/ia/n 12/15/71 9/ 14/71 9/14/71 9/20/71 9/21/71 10/6/71 10/12/71 10/18/71 10/26/71 30/26/71 13/3/71 11/9/71 13/17/71 11/18/71 11/23/71 11/29[71 11/30/71 11/30/71 SUt1MARY OF BOND SALES IH AREA FWRTH QUARTER Tyne of Bonds G.O. Temp. [m.p. of 71 G.O. I�ro. of 71, Ser. B 7ax Mt. Cert. of Inde6t. G.O. Sewer & Nater, Ser. 2 G.O. Lert. of Indebt. G.O. Temp. Locat Imp. Temp. Imp., Ser. 71 Imp. Bonds, Ser 71 Pub. Park Fac. Park Bonds Public Building Street Improvement Storm Drain Urban Renewal Spec. Street Imp. Unlim. Tax Improvement Corp. Pur Bonds G.O. San. Sewer Rev. Airport Bonds G.O. Water Rev. G.O. Imp. Improvement G.O. Imp. Drainaqe Bonds of 71 Imp. Bonds of 71 G.O. Nater 8 Sewer Rev. G.O. Nater Bonds of 71 G.O. Imp. of 71 G.O. Water Rev. Improvement G.O. Short Term Treat. Plant of 71 Temp. Imp. of 71 Sthool Bldg. G.O. Short Term of 11 G.O. & Park Imp. School Bldg. Etec. Rev. of 71 G.O. Swimming Pool San. Sewer Imp., Ser. K Improvement Sewer Imp. Imp. Bonds, Ser. K Fire Hall G.O. Imp. of 71 G.O. Nater Rev of 71 Locat Imp. Elec. Rev Pub. Util. Comm. Imp. of 72, Ser. A Corp. Purpose Bonds Imp. of 71 G.O. Imp. of 71 Gross Rev. Civic Cen. hrena af 72 G.O. Sewer E Nater of 71 County Libraries County General Hospltal G.O. Tax Mt. Cert. School State E Fed. Aid, Mt. Cert. of Indebt. Voe. Tech. School Bldg. G.O. Nursing Fbme Rev. Improvement State-Aid Street Airport Bonds Perm. Imp. Revolv. Funds State Aid Mt. Cert. Tax Mt. Cert. of Indebt. Fbsp. Gross Inc. Rev. Temp. Imp. of 72 G.O. Corp. Purp. Carp. Purp., Ser. 71 Promissorv Notes of 71 School Untim. Tax Corp. Purp., Ser. 71 5pec. Assess. B Bonds Waterworks Mort. Rev. Elec. Util. Fbrt. Rev. Corp. Purpose Corp. Pur. UnlTm. Tax G.O. Lorp• Purp. Carp. Pur. UnlTm. Tax Lorp. Purp. Corp. Pur. Unlim. Tax Mun. Hosp. Mnrt. Rev. Corp. Purp. Met. Sew. Unlim. Tax 9/22/71 Sewer Util. Rev., Ser. C 30/14/71 Uorm. Rev of 71 30/14/71 Winter Sports Arena Aev. of 71 10/26/71 G.O. Vtet Nam Vet. Adj. Comp. 11/8/71 Refund. Imp., Ser. 71 12/9/71 Refund. Imp. Un11M. Taz 12/7/71 G.O. Sthool Bidg. 12/15/71 Street Imp. Amount 5 1,630M 670M 1,OOOH 2,SOOM 6,100M 851d 340M 400M 3,565M 530M 295M 2,BOSM 645M 160M 2,245M 155M 45M 735M 165M 100M 220M 950M 980M 755M 160M 800M 420M 330M 245M 65M 300M SSOM 1,870M 1,110M 1,470M 640M soow 150M 2,140M 2,030M 415M 1,SOOM 38M 110M 135M 775M 1,O15M 1,SSOM 139M 532M 750M S70M 425M 2,025M 8,625M 16,830M 14,SOOM 600M 150M 1,340M 610M 25M 6,SOOM 600M SOOM 1,OOOM 865M 600M 335H 440M 1,220M 1,575M 1,OBOM 750M 1,700M 685M 3,100M 980M 3,O60M 315M 4,30DM 965M 775M 17,OOOM Years of Maturit 74 74/88 72 74/90 73/85 14 74 72/88 73/91 72/81 72/81 �z/ei 72/81 72/81 72/91 74/83 74/82 74/92 74/80 74/83 74/88 74/93 73/81 73/81 73/83 73/91 74/92 74/83 74/92 73/82 74 74 74/89 74 72/92 73/82 �Z�eo 73/85 74/96 72/79 74/91 73/82 74/86 74/88 74/87 72/81 72/88 73/83 74/86 73/92 73/81 75/92 74/88 74/90 74/90 73 72 75/87 74/96 73/83 73/83 73/83 72/90 72 73 74/2000 75 73/82 72/81 72/76 72/83 73/&5 72/81 74/89 73/91 73/84 72/86 73/86 73/85 75/88 � 72/88 74/2011 73/86 72/91 Net Rate 4 1450X 5.0545X 3.5855 5.70437% a.v�x s.oas 3.716X 4.994X 4.4294X 3.6643X 3.6643X 3.6643X 3.6643Y 3.6643X 4.1962X 4.fi644X 4.6644X 4.635X 4.635% 4.635X 5.2663X 5.543X 5.01X a.zzz e.oez 4.71X 4.97% 4.01X 4.4859i 4.4859X 3.6400X 3.78X 4.7800Y 3.60X 4.8540% 4.00X 4.14935 4.179% 5.303 3.68% 4.6691X 3.8355X s.zzszx 4.7129X 4 7729X 3.88% 4.889% 5.16i 4.798Y s.six 5.37X 6.015 4.5602X 4.28X 4.28X 3.23X 2.9482X 4.76% 6.88% 4.0053X 4.0053X 4.0053X 4.8924X 3.58X 3. �as 5.38Y 3.B083X 4.7696X 4.77057X 4.5952% 4.37483X 4.2332% 5.01232X 4.27947X R.7534X 4.14926X 4.39900X a.o�esx 4.2211i 4.811X 4.798E 5.38% 4.931% 4.638X 1,020M 72/91 5.0834X 39IX1 74/2011 , 6.8694% 700M 73/93 5.775 15,OOOM 73/86 3.8fi52% 790M 72/90 4.0651% 1,840M 73/92 4.5542% 625M 74/91 4.94X 1,SOOM 74/82 3.8123% Dow-Jones 20 Bond Index 5.25X 5.255 5.25X 5.36i 5.36% 5.36% s. zzz 5.22X 5.22% 5.22% s.zzx 5.22X 5.22X 5.22i 5.22X s.zzx 5.22X 5.22% 5.22f 5.22% 5.16% 5.16% 5.01% 5.O1X 5.01X 5.01: 5.01% S.O1X S.O1S 5.O1X 5.01% s.oiz 5.lOX 5.00X 5.00% 5.00X s.aox S.00X 5.00X 5.20% 5.20i s.zos s. zox 5.20X 5.20% 5.26Y 5.26X 5.33X 5.33X 5.33X 5.33X 5.33X 5.41Z 5.41X s.aix s.ais 5.41% 5.41% 5.41X 5.27R 5.27X 5.27% 5.27X 5.27% s.z�x s.z�z 5.27% 5.34% 5.345 5.25% 5.25X 5.22% 5.16X 5.01X 5.01X 5.O1X 5.30% s.aoz 5.20% S.IOX 5.26X 5.33% 5.33X 5. 33Z Moody'S Ratina Baa Baa Baa Ba AA NR Baa Baa AAA APA PM PAA AAA ARR PAR NR NR A A A NR NR NR a-i A A NR Baa A A NR NR Baa Baa NR Baa NR NR NR A A M NR Baa Baa AA NR NR NR NR NR Nf A AA AA NR AM Baa HR. A A A Baa NR NR NR NR Baa NR NR A-1 11-1 NR A R R-1 Baa-1 AA AA NR Nit Baa-1 RAH 5.25X A-1 5.16X NR 5.16X NR 5.01% RA 5.00% A 5.41X A-1 5.41X NR , 5.27% qp . . 2�' Decer�:��r i�7i � ' ; Mr. Gi lbert t�i. Rad�baugh , Vill�ge C1prk - 1�tendota Heights 2Ql c� South +texi nntan ,'�vunue . � _ . , ' Saint Paul, Minnesata a511° � M5ubject: F�enc�ota Net�lits � ' .. • - f'easibility Study � � Sev�ers, !J�ter, Streets - � � : � � � 2Q�1� Dodd Road . ' . - � S'iS�C Pra`ect ��o. %1j�0 • l�p�`Z i���� . Oear Gil: ' D .� � recent petition fro�n C. J. Tc�mtnei iy requested se,•rer ar�d �=�ater extensions to serve 2000 and 20%3� �odd i�oad on f'�rcel 260�0-03, as sha.m on the attach- � ed dra.ving. tn dirscting a feasibi3ity study, the Counci2 included the " study of street construction betti�reen Dodd Road and proposed S. T. H. 49 • along the south sid� of the P4endpta Elei�hxs Sha�ping Ce�lter. The fo11c,�•ring - , constitutes oesr feasibility report as directed. . � t�s shown�on the attached drawinc�, there exists a i6-inch watPr main an the " east side crf Dodd Road. There exis.ts a sanitary se�=rer an th� extension of Aztec Lane crossir�g th� propased st�-�et. The proposed strset 3s a consic3er- ation inc�u�ed 1n the foundatior� perr�it for th� construction of the shoppin� center in tiover�ber i96�. ::rri_ orcier ta sc:rve pro�erties along the south side af the shoppinc� center, �it will be n�cessary ta have the stre�t d�dicate�l, construct san�, and to install se�,rer �rid w�ter extensions as shoam. . 7'0 ;install the proposed facitities atill require th� following: , Sanit�ry Seti�rers arill require the installation of a�proximately 750 fe�t of , � 9-inch pi�e anct appurtenances for an assessable cost of $�,72u,t30 includ- ' ing fees and ecanCinc�encies. Estimated services �•�ili add $8(3�J.Od for a tatal estirnated financing cost of $10,>2u.00. !lith ap�roximately 7b7 fe.et � 4 • "� � .J �� '_ j a I� ` ` � ;.. r� .. f _ . _ ' . - Mr. Gi lbert �1. Radabaugh D �•� � .. I � • . ,� � : 23 �Jece�nber 1971 of assessabte frontage availahle, the estimated assessable cost s�i]1 bc $12.65 per foot, if assessed 100;;. . t�later Ptains �•1i 11 requi r�: the instal lation of approximately 900 feet of �-inch pipe and�apnurtenances for an assessable cost of $7,970.00 in- eluding fees and contingencies. Services �•�ill add $f�00.00 for. a total firtarcing cost of $&,770.00. ld.ith approximateiy 767 feet of assessable fronta�e availa[�le, the estimated assessable cost will be $11.43 per front foot if assessed 100i. , The planned S-inch main i.s proposed for t���o reasons: � . • 1. -To adequately service the Shopping Center and planned commer- � •cial buildings wtth fire protection. 2. To be able to extend adequate water service to properties on .�� the.east side of proposed S. T. H. �9 and to an ultimate con- nection on �ela��are Avenue. � Street Construction will require the installation of approximately 950 feet of 3-foot tvi de b i tumi nous- road�vay along vri th concrete curb and • gutter for �n estimated cos`t of $17,710.00 including fees and continse�n- cies. 41ith approximately 1,897 feet of assessahle frontac�e avaiiable, the estimated assessa��l� cost wt)1 be $9.3�+ per front foot. Because of the existing and proposed structures a�ong the private roadalay and because of the need to providc utilities to these structures, ti�e con- slder the proposed facilities reasonable and feasible and here�•�ith re- eommend them for construction. , A public hearing should be established at the earliest possible conven- ience so that the interested property o+��ners can be informed of t1�e facts and f i gures . � , ., � Vary tru]y }�ours, , . ,' . ; Edward F. 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' � °�.._ *'.I ' r � �,-1= ----x° S � � .� . : 3 y s ` � � ° �.,,` , � ^ .. i 1 ' ece _ �Lj iSt ts ���4tc, v � � r.� j,� � 11 � „�y 4 i q �t � ..� ^ t 4 KJ <" . n . . t �' v • ..r. . •.+ i' �I t}3�; w �. .�' ,ti,»,�;..�,.,� �, q .•� � � s ;, �,a �+ � �� e s f o 1 t ��r� ^ � 7 �+ � � �. r � .� i • ' . ..._1�1�5 �+ ♦ «� � y � t� • + ��S y � ' � !. n.,�s L �, �urp t.y F����hrr U w � h _ _ t ( ' ' _ � � :.. . � �, y;�� ' �— V `s �. 1 a •,`° t � >f' ' ; ,. }Ir.� � In� � ���.vY � � � ..{.AF � . ' ,' f ."f'�• . � ' I� t -_�....._� �_�.��, \ .- '� l�^'."'" ��� ., �� v �''1 : � E p{ � ` t� 9 f"j",���; ` � � � �� L �' r .I� �,, � .� � � . . .: t N 5 � ..,�. 1 � ���- - �� � �L.� � C1?"Y Of= COLUM�;A ��i��-r5 ADMIiyISTRATIVL or-r-ic�s � �� �. v.���.�. � : � j 11`� . �` � _-- .� -- --:� -_.. . . _ . .?-13'�.��.iil'sxur �...,�: :N . . :.. .rZ'�. ,: �' . �:,� , r.�,,,_�.S_..;•�,..x.'J".... i r<<. , i';.,. 5�9�C4-40th AVCNUE N.E. 788-9221 � COLU�fi31A f-IcIGHTS, MINRlESOTA 55421 January 14, 1972 T0: i4ay*ors and Managers or Clerks af Tcain City Metropolitan Area Communities served by I3orthern States Pocoer Company Electric Utility. Fdote: Please circulate copies to the rest of your council. Gentlenen: Last sumrier, following the passage of resolutions by over thirty ��in �ity Dletropolitan comm�nities requesting a study of NSP electr�.c rates in our area, a��eting ��*as held in conjunction �aith the Plinnesota League af rhrnicipalities ConvPntion at the Radisson South Hotel in Bloomington � to �iscuss the subject. • This neeting authorized a committee to be set up to pursue such a study � �vith i�SP. A committee caas set up and included the follotaing: Iiruce f-� Nawrocki - Columbia Fieights - Chairman, rirs. �dalter Butler - St. P�ul, � Eugene Coulter - Chanhassen, Orville Johnson - Mendota Heights, Cla�-ton LeFevere - Richfield, Dallas Peterson - Minneapolis, John Pidgeon - Bloomington, and Bill Powe11 - Stillwater. ' The commi�tee held several meetings with PISP personnel. NSP agreed last summer to fund a preliminary study to define the scope of a detaile� rate study. George Hess, a nationally recognized rate consultant, �vas engaged by the conmittee to conduct this preliminary study. A1r. Hess completed rhe preliminary stu3y and presented a report to our comm�ttee in November. Cost of the preliminary report was $2,320.85 of the'rY$.S, 000, p0 authorized U.y. P1SP. Bzsed on the preliminar.y report, the committee again me�t caith NSP officials and�requested agreement f.or a detail.ed rate study which woul.d cover 1) an in-�epth study of existing rates and 2) investigation of ho�a continuing raie regulation might be carried on. NSP has agreed to our request for tili's detniled rate study and agreed to finance the stuay in an amount not to exceed $50,000. (This amount was estimated by our rate consultant to be ample to cover the costs of our proposed study as best c��e can anticipate at this time) . � A cop}� of NSP's letter o� agreement is enclosed for your ref.erence. � Our eu�mittee ��ill be proce�ding �•>> ::h i:he detailecl stucly very �hortl� unc� ' will attc:�pt to keep itseli ir.iormed uf ci�e ��i-o�l���s of: the St. iau1. raLa `/ proeeedin�;s and Lakc� i.nt� FICCOL111I: deve7opmt�nts in lliese pror_eecli.n�s. The /�(� rate analysis undert�ilc�n by Li:e Ca.ty of SL. �'aul c•�,:is cnnductecl under cer.tain JP regulator.y atithori.ty not availablc to most munici.palities in uur Ztvin City �/ {� w Metropolitan arca. �� �� . . . �, /%� � ' .. � .:_,�''-',! _Y _ __,__ UILLAGE OF �'IENDOTA HEIGHTS mE�'10 T0: UILLAGE COUNCIL January 28, 1972 FROm: ORUIL J. JOHNSON, UILLAGE ADmINISTRATOR SUBJECT: POLICE RELIEF FUNDS — STATE DISTRIBUTION. The 1971 legislature adopted legislation establishing financial aid for police relief associations� very similar to the existing firemen's relief association programs. A new 1/ tax was placed on the insurance premiums for auto liability and bodily injury, auto liability—property damage, and auto physical damage coverage. The monies received from t.his sur tax will be apportioned amongst law enforcement groups, in particular desi�ned to aid relief and pension funds. 80/ of the new monies is to be distributed to the counties for app.ortionment to municipalities maintaining police departments. To qualify for this state aid distribution, a municipality would have to have had for more than one year an organized police department officially established by the governing body of the municipality. On or before march 1, the clerk must � annually certify the existance of a police department along with certain other facts to the county auditor and the state l commissioner of insurance. Since mendota Heights does not have an incorporated police relief association, the state monies must be deposited in a special police department fund within the village treasury. The monies in this special fund may be spent for any legitimate police department costs; the League of minnesota municipalities says "the logical place is to help defray the required municipal contributions to the PERA Police and Fire Fund for police purposes". Several state laws also spell out the guidelines for investment far unused funds. I am attaching a proposed resolution which acknowledges most of the above facts. It does provide for the establishment of the special police department fund and several other require— ments. I recommend that the resolution be adopted by the Uillage Council in order to, without question, formally qualify mendota Heights to receive its share of the special police relief funds. "� � �I F � UILLAGE OF mENDOTA HEIG`HTS mEmO m T0: UILLAGE COUNCIL January 31, 1972 FROm: ORVIL J. JOHNSON, �ILLAGE ADmINISTRATOR SUBJECT: mETROPOLITAN SEWER BOARD IIVUESTIGATION The high annual charge levied against mendota Heights by the fYletropolitan Sewer Board is being investigated in detail. A number of facts, figures and philosophies must be analyzed in order to validly contest the bill as rendered. Part of a letter of transmittal in middle 197� contained the following language: Objections to Charges bY Board. Any lo_cal_government unit, at any time after receiving from the Sewer Board a statement of charges payable during any budget year and before the end of such year, may_request from the Board a full and complete written explanation__of the facts and����estimetes �upon w�hich the allocations of�costs includingYdeferment�charges, and the allowance of credits and deferments are based, and the method of computing them, and the Board shall provide all such information. The governing body of any local government unit may at any time by resolution advise the Board as to any fact, estimate, or computation appearing in the Board's statement or explan— ation that it believes to be incorrect, with a full explan— ation of its objections. The Board shall consider each such objection and shall determine by resolution, transmitted to the local government unit and to the metropolitan Council, to what extent any change should be made in costs allocated or credits or deferments granted in the statement. In view of the foregoing I would recommen,d that the Uillage Council, by resolution, request a full and complete wTitten explanation of the facts and estimates used in preparation of the bill. The facts and estimates as used by the metropolitan Sewer Board can then be analyzed more fully in order to prepare valid objection. �