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6/6/2022 - City Council - Regular - Agendas
CITY OF SPRING PARK CITY COUNCIL AGENDA JUNE 6, 2022 — 7:15 PM SPRING PARK SPRING PARK CITY HALL On Lake Minnetonka 1. CALL TO ORDER 2. PLEDGE OF ALLEGIANCE 3. ADOPT MEETING AGENDA 4. ADOPT CONSENT AGENDA* a. Approve Regular City Council Meeting Minutes from May 16, 2022 b. Approve Special City Council Meeting Minutes from May 23, 2022 c. Approve Special Event Permit: Back Channel Brewing—June 19, 2022 5. PUBLIC FORUM** 6. PRESENTATIONS & GUEST SPEAKERS 7. PUBLIC HEARINGS: Proposed Property Tax Abatement 8. PETITIONS, REQUESTS, &APPLICATIONS 9. ORDINANCES & RESOLUTIONS: a. Resolution 22-13: Approving Property Tax Abatements b. Resolution 22-14: Issuance & Sale of General Bond Obligations, Series 2022A c. Resolution 22-15: Amending Resolution 22-06, Dates of Meetings, Holidays & Office Hours 10. REPORTS OF OFFICERS AND COMMITTEES a. Mayor& Council: b. City Staff: i. Administrator's Report • Update on Sunset and Park Lane • Update on Seanote • Code enforcement and zoning regulations—MNSPECT Proposal • Administrator transition ii. Holy Family Conduit Financing—Attorney's Review c. Contract Staff: 11. NEW BUSINESS & COMMUNICATIONS 12. CLAIMS FOR PAYMENT a. June 6, 2022 Claims 13. UPCOMING MEETINGS & TRAINING a. June 20 - Regular City Council Meeting— 7:OOPM b. June 20 - Work Session Meeting—6:OOPM c. July 5 - Regular City Council Meeting— 7:OOPM d. July 18 —Regular City Council Meeting— 7:OOPM e. July 18 —Work Session Meeting—6:OOPM *The Consent Agenda lists those items of business which are considered to be routine,recommended for approval,and/or which need no discussion. The several separate items listed on the Consent Agenda are acted upon by one motion. There will be no separate discussion of these items unless a Council Member makes a request,in which event the item will be removed from the Consent Agenda and placed elsewhere on the regular agenda for Council discussion and action. ** Under Public Forum individuals may address the City Council about any item not contained on the regular agenda. Each speaker should keep their statements to three minutes to allow sufficient time for others.The Council will take no official action on items discussed at the forum,with the exception of referral to staff for future report. 14. MISCELLANEOUS (INFORMATION ONLY 15.ADJOURNMENT *The Consent Agenda lists those items of business which are considered to be routine,recommended for approval,and/or which need no discussion. The several separate items listed on the Consent Agenda are acted upon by one motion. There will be no separate discussion of these items unless a Council Member makes a request,in which event the item will be removed from the Consent Agenda and placed elsewhere on the regular agenda for Council discussion and action. ** Under Public Forum individuals may address the City Council about any item not contained on the regular agenda. Each speaker should keep their statements to three minutes to allow sufficient time for others.The Council will take no official action on items discussed at the forum,with the exception of referral to staff for future report. CITY OF SPRING PARK CITY COUNCIL MINUTES MAY 165 2022 — 7:00 PM SPRING PARK SPRING PARK CITY HALL On Lake 9Kinnetonka 1. CALL TO ORDER The meeting was called to order at 7:00p.m. Mayor Jerome P. Rockvam and Council Member's Chase, Hughes, Hoffman, and Horton were pre- sent. Staff Present: Interim City Administrator Brimeyer, City Engineer Nielson 2. PLEDGE OF ALLEGIANCE Mayor Rockvam led the audience in the Pledge of Allegiance. 3. ADOPT MEETING AGENDA Council Member Horton motioned, being seconded by Council Member Hughes to adopt the meeting agenda as pre- sented. On vote being taken, the motion was unanimously approved. 4. ADOPT CONSENT AGENDA Council Member Horton motioned, being seconded by Council Member Hoffman to: a. Approve Regular City Council Meeting Minutes from May 2, 2022 b. Ordinance #22-03: Amending Hours of Operation for Brewery/Taproom c. R-3/C-3 Dock Permit Renewals d. Liquor License —2022-2023 Renewals On vote being taken, the motion was unanimously approved. 5. PUBLIC FORUM—the resident at 3861 Park Lane brought forward his request for an easement to cross over the corner of Thor Thompson Park. Council advised it is being worked on. 6. PRESENTATIONS & GUEST SPEAKERS a. Holy Family School—Victoria: Request for Conduit Financing: Holy Family School representatives conducted a presentation to the Council regarding their request for the City to provide Conduit Financing. Discussion was had. Council Member Hoffman recom- mended a review and opinion from the City Attorney. Council Member Hoffman motioned, being seconded by Countil Member Chase, to move forward&obtain the attor- neys opinion. On roll call, Chase—yes, Hoffman—yes, Horton—yes, Hughes—yes, Rockvam— no. Council Proceedings May 16, 2022 Page 2 7. PUBLIC HEARINGS —June 6, 2022, 7:OOPM—Proposed Property Tax Abatements Council Member Hoffman motioned, being seconded by Council Member Chase to schedule a public hearing for June 6 for the Proposed Prtper y Tax Abatements. On vote being taken, the motion was unanimously approved. 8. PETITIONS, REQUESTS, & APPLICATIONS —none 9. ORDINANCES & RESOLUTIONS - none 10. REPORTS OF OFFICERS AND COMMITTEES a. Mayor& Council: none b. City Staff; i. Administrator's Report: • Sunset Drive —Lake Access Update: a. Brimeyer advised this was still being worked on. City Engineer Nielson found 2 other surveys that were in his company's ar- chives that were never a formalized surveys but stated they showed more PIN's than the other surveys were able to find. Nielson and Brimeyer confirmed they will measure using the South line of the North property as the anchor and measure 20' over to establish the City Lake Access property line. • Park Lane Update: City Engineer Nielson is working on the easement. • PFA—2020 Bond Issue Update: Brimeyer confirmed this agreement has been finalized and completed as of 5/13/22. Funds should arrive by end of May. ii. Outstate Travel Policy— Recommended by Auditors Council Member Horton motioned, being seconded by Council Member Hoffman, to adopt the Outstate Travel Policy as recommended by the auditors. On vote being taken, the policy was unanimously approved. c. Contract Staff: i. West Arm Road West: City Engineer Nielson stated we need easements for the double stacked lots — we need to get them from the first property owner to cross over to the second property. Excel needs the easements signed before they will start - they are scheduled to start June 16,h. ii. Black Lake Road: A preconstruction meeting for Black Lake Road is scheduled for May 26th. 11. NEW BUSINESS & COMMUNICATIONS — none Council Proceedings May 16, 2022 Page 3 12. CLAIMS FOR PAYMENT a. May 16, 2022 - Claims for Payment Council Member Chase motioned, being seconded by Council Member Hughes to approve the claims forpayment. On vote being taken, the motion was unanimously approved. 13. UPCOMING MEETINGS & TRAINING — a. June 6 - Regular City Council Meeting& Public Hearing— 7:OOPM b. June 8 - Planning Commission Meeting—6:OOPM c. June 20 - Regular City Council Meeting— 7:OOPM d. June 20 - Work Session Meeting— 6:OOPM 14. MISCELLANEOUS (INFORMATION ONLY) 15. ADJOURNMENT There being no further discussion, Council Member Hoffman motioned, being seconded by Council Member Chase to adjourn the meeting at 7:35p.m. On vote being taken, the motion was unanimously approved. Jamie Hoffman, City Clerk Jim Brimeyer, Interim City Administrator CITY OF SPRING PARK CITY COUNCIL MINUTES SPECIAL MEETING SPRING PARK MAY 235 2022 — 5:00 PM On Lake-11innetonka SPRING PARK CITY HALL 1. CALL TO ORDER Mayor Rockvam called the meeting to order at 5:05p.m. 2. ADOPT MEETING AGENDA Council Member Hoffman motioned, being seconded by Council Member Hughes, to adopt the meeting agenda as presented. On vote being taken, the motion was unanimously approved. 3. REPORTS OF OFFICERS AND COMMITTEES a. Mayor& Council: i. City Administrator Employment Agreement ii. Appoint City Administrator Council Member Homan motioned, being seconded by Council Member Chase, to approve the City Administrator Employment Agreement and appoint Mike Anderson as the new City Administrator. On vote being taken, the motion was unanimously approved. 4. ADJOURNMENT There being no further discussion, Council Member Hoffman motioned, being seconded by Council Member Chase to adjourn the meeting at 5:08p.m. On vote being taken, the motion was unanimously approved. Jamie Hoffman, City Clerk Jim Brimeyer, Interim City Administrator STAFF MEMO BACK-CHANNEL BREWERY SPECIAL EVENT SPRING PARK JUNE 19, 2022 On Lake Minnetonka 1. BACKGROUND: Back Channel Brewery is requesting a permit for a special event to be held on Sunday,June 19, 2022. The Wrestle Mania event is an all-star wrestling event scheduled from 12:00 p.m. to 9:00 p.m. The event will not include outdoor music or amplified sound but will allow for patrons to have alcoholic beverages in a defined area of the north parking lot which will be demarcated with barriers. The site plan of the event in the north parking lot is the same as their Farmer's Market. 2. DISCUSSION: The request for outdoor alcohol requires a special event application and a one-day temporary on-sale license that should be included in the motion if approved by the Council. A list of draft conditions is attached for Council review. The event organizers will need to coordinate with the Mound Fire Department and Orono Police Department prior to the event to ensure that all necessary safety precautions have been taken. 3. FINANCIAL CONSIDERATIONS: All required permit fees have been received. 4. RECOMMENDED ACTION: Approve Special Event Application No. 22-10 SPEV and Temporary On-Sale Liquor License for Back Channel Brewery for their event on Sunday,June 19, 2022 with the attached list of conditions. CITY OF SPRING PARK SPRING PARK, MINNESOTA RESOLUTION #22-13 RESOLUTION APPROVING PROPERTY TAX ABATEMENTS BE IT RESOLVED by the City Council(the"Council") of the City of Spring Park,Minnesota (the "City"), as follows: 1. Recitals. (a) The City proposes to approve tax abatements in connection with the financing of the installation of underground electric lines located in the City (the "Project"). The City proposes to use the abatement for the purposes provided for in the Abatement Law(as hereinafter defined),including the Project. The proposed term of the abatement will be for up to fifteen (15)years in an amount not to exceed $375,000. The tax abatement will apply to the City's share of the property taxes (the "Abatement") derived from the property identified by the tax parcel identification numbers listed below (the "Property"): 1911723120023 1911723120027 1911723120025 1811723330047 1911723120024 1811723330046 1911723120026 1811723330045 (b) The Council held a public hearing on the same date hereof on the question of the Abatement, and said hearing was preceded by at least 10 days but not more than 30 days prior published notice thereof. (c) The City proposes to issue General Obligation Tax Abatement Bonds, Series 2022A (the "Bonds") in the aggregate principal amount not to exceed $375,000 to finance a portion of the costs of the Project. The City will pledge the Abatement to pay the principal and interest amount of the Bonds. (d) The Abatement is authorized under Minnesota Statutes, Sections 469.1812 through 469.1815 (the "Abatement Law"). 2. Findings for the Abatement. The City Council hereby makes the following findings: (a) The Council expects the benefits to the City of the Abatement to at least equal or exceed the costs to the City thereof. (b) Granting the Abatement is in the public interest because it will finance public infrastructure. (c) The Property is not located in a tax increment financing district. 73612171v1 (d) In any year, the total amount of property taxes abated by the City by this and other existing abatement resolutions, shall not exceed ten percent (10%) of net tax capacity of the City for the taxes payable year to which the abatement applies or $200,000, whichever is greater (the "Abatement Limit"). The City may grant other abatements permitted under the Abatement Law after the date of this resolution, provided that to the extent the total abatements in any year exceed the Abatement Limit the allocation of the Abatement limit to such other abatements is subordinate to the Abatement granted by this resolution. 3. Terms of Abatement. The Abatement is hereby approved. The terms of the Abatement are as follows: (a) The Abatement shall be for up to a fifteen (15) year period, anticipated to commence for the taxes payable in the year 2023. The City reserves the right to modify the commencement date, but the abatement period shall not exceed fifteen (15) years. (b) The City will abate the City's share of property tax amount which the City receives from the Property,not to exceed $375,000. (c) In accordance with Section 469.1815 of the Abatement Law, the City will add to its levy in each year during the term of the Abatement the total estimated amount of current year Abatement granted under this resolution. (d) The Abatement shall be subject to all the terms and limitations of the Abatement Law. ADOPTED by the City Council of the City of Spring Park this 6th day of June 2022. CITY OF SPRING PARK Approved: Mayor Attest: City Clerk 73612171v1 CITY CLERK'S CERTIFICATE 1, the undersigned, being the duly qualified and acting City Clerk of the City of Spring Park, Minnesota (the "City"), DO HEREBY CERTIFY that I have compared the attached and foregoing extract of minutes with the original thereof on file in my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the City Council of the City, duly called and held on the date therein indicated,insofar as such minutes relate to the approval of property tax abatements. WITNESS my hand this day of ) 2022. City Clerk Spring Park,Minnesota 73612171v1 CITY OF SPRING PARK SPRING PARK,MINNESOTA RESOLUTION #22-14 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $2,120,000 GENERAL OBLIGATION BONDS, SERIES 2022A, PLEDGING FOR THE SECURITY THEREOF NET REVENUES AND TAX ABATEMENTS FOR THE PAYMENT THEREOF A. WHEREAS, the City Council of the City of Spring Park,Minnesota (the "City") has heretofore determined and declared that it is necessary and expedient to issue$2,120,000 General Obligation Bonds, Series 2022A (the "Bonds" or individually a "Bond"),pursuant to Minnesota Statutes, Chapter 475 and (i) Section 444.075 to finance improvements to the municipal water and sanitary sewer systems (the "Utility Improvements") and the portion issued to finance the Utility Improvements is referred to herein as the "Utility Portion of the Bonds";and (ii) Chapter 469.1812 through 469.1815,particularly Section 469.1814 to finance the installation of underground electric lines (the "Tax Abatement Project") and the portion issued to finance the Tax Abatement Project is referred to herein as the "Tax Abatement Portion of the Bonds";and B. WHEREAS,the City owns and operates a municipal water system (the "Water System") and a municipal sanitary sewer system (the "Sanitary Sewer System",and together with the Water System, the "System") as separate revenue producing public utilities; and C. WHEREAS,the net revenues of the System are pledged to the City's outstanding "System Portion" of General Obligation Bonds,Series 2010A,in the original principal amount of $1,065,000, dated June 29,2010; (the "Outstanding Utility System Bonds"); and D. WHEREAS, the net revenues of the Sanitary Sewer System are pledged to the City's outstanding"System Portion" of General Obligation Bonds,Series 2015A,in the original principal amount of$1,820,000, dated March 12,2015; (the "Outstanding Sanitary Sewer Bonds");and E. WHEREAS, on the date hereof, following duly published notice thereof,the Council held a public hearing on the proposed abatement to finance the Tax Abatement Project and all persons who wished to speak or provide written information relative to the public hearing were afforded an opportunity to do so;and F. WHEREAS,the City has heretofore established a tax abatement program (the "Program") pursuant to the provisions of Minnesota Statutes,Sections 469.1812 through 469.1815, with respect to providing for the abatement of property taxes for a period of fifteen (15) years on various properties in the City, as described in the resolution adopted by the City Council on the date hereof,approving the Program (the "Tax Abatement Resolution");and G. WHEREAS, the amount of the property taxes abated are estimated to be at least equal to the principal and interest amount of the Tax Abatement Portion of the Bonds and pursuant to the provisions of the Tax Abatement Resolution, funds are to be expended to provide money to pay for the Tax Abatement Project;and 5913634v1 H. WHEREAS, the City has retained Ehlers &Associates, Inc.,in Roseville,Minnesota ("Ehlers"),as its independent municipal advisor for the sale of the Bonds and was therefore authorized to sell the Bonds by private negotiation in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9) and proposals to purchase the Bonds have been solicited by Ehlers; and 1. WHEREAS, the proposals set forth on Exhibit A attached hereto were received by the Clerk, or designee,at the offices of Ehlers at 11:00 A.M. this same day pursuant to the Preliminary Official Statement, dated May 26,2022,established for the Bonds;and J. WHEREAS,it is in the best interests of the City that the Bonds be issued in book- entry form as hereinafter provided; and NOW,THEREFORE,BE IT RESOLVED by the Council of the City of Spring Park, Minnesota,as follows: 1. Acceptance of Proposal. The proposal of (the "Purchaser"),to purchase the Bonds,in accordance with the Preliminary Official Statement established for the Bonds,at the rates of interest hereinafter set forth, and to pay therefor the sum of$ ,plus interest accrued to settlement,is hereby found,determined and declared to be the most favorable proposal received,is hereby accepted and the Bonds are hereby awarded to the Purchaser. The Clerk is directed to retain the deposit of the Purchaser. 2. Bond Terms. (a) Original Issue Date: Denominations:Maturities:Term Bond Option. The Bonds shall be dated June 30,2022,as the date of original issue and shall be issued forthwith on or after such date in fully registered form, shall be numbered from R-1 upward in the denomination of $5,000 each or in any integral multiple thereof of a single maturity (the "Authorized Denominations") and shall mature on February 1 in the years and amounts as follows: Year Amount Year Amount 2024 $ 2032 $ 2025 2033 2026 2034 2027 2035 2028 2036 2029 2037 2030 2038 2031 As may be requested by the Purchaser, one or more term Bonds may be issued having mandatory sinking fund redemption and final maturity amounts conforming to the foregoing principal repayment schedule, and corresponding additions may be made to the provisions of the applicable Bond(s). (b) Allocation. The Utility Portion of the Bonds,being the aggregate principal amount of$ ,maturing in each of the years and amounts hereinafter set forth,is issued to finance 2 5913634v1 the Utility Improvements. The Tax Abatement Portion of the bonds,being the aggregate principal amount of$ ,maturing in each of the years and amounts hereinafter set forth,is issued to finance the Tax Abatement Project. Utility Portion Tax Abatement Portion Total Year 2024 $ $ $ 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 If Bonds are prepaid,the prepayments shall be allocated to the portions of debt service (and hence allocated to the payment of Bonds treated as relating to a particular portion of debt service) as provided in this paragraph. If the source of prepayment moneys is the general fund of the City,or other generally available source,including the levy of taxes, the prepayment may be allocated to any of the portions of debt service in such amounts as the City shall determine. If the source of a prepayment is excess net revenues of the System pledged to the Utility Improvements, the prepayment shall be allocated to the Utility Portion of debt service. If the source of a prepayment is abatements pledged to the Tax Abatement Project, the prepayments shall be allocated to the Tax Abatement Portion of debt service. (c) Book Entry Only System. The Depository Trust Company, a limited purpose trust company organized under the laws of the State of New York or any of its successors or its successors to its functions hereunder (the "Depository")will act as securities depository for the Bonds, and to this end: (i) The Bonds shall be initially issued and, so long as they remain in book entry form only (the "Book Entry Only Period"), shall at all times be in the form of a separate single fully registered Bond for each maturity of the Bonds;and for purposes of complying with this requirement under paragraphs 5 and 10 Authorized Denominations for any Bond shall be deemed to be limited during the Book Entry Only Period to the outstanding principal amount of that Bond. (ii) Upon initial issuance, ownership of the Bonds shall be registered in a bond register maintained by the Bond Registrar (as hereinafter defined)in the name of CEDE& 3 5913634vl CO., as the nominee (it or any nominee of the existing or a successor Depository, the "Nominee"). (iii) With respect to the Bonds neither the City nor the Bond Registrar shall have any responsibility or obligation to any broker, dealer,bank, or any other financial institution for which the Depository holds Bonds as securities depository (the "Participant") or the person for which a Participant holds an interest in the Bonds shown on the books and records of the Participant (the "Beneficial Owner"). Without limiting the immediately preceding sentence,neither the City,nor the Bond Registrar, shall have any such responsibility or obligation with respect to (A) the accuracy of the records of the Depository, the Nominee or any Participant with respect to any ownership interest in the Bonds, or (B) the delivery to any Participant, any Owner or any other person, other than the Depository, of any notice with respect to the Bonds,including any notice of redemption,or (C) the payment to any Participant, any Beneficial Owner or any other person, other than the Depository, of any amount with respect to the principal of or premium,if any, or interest on the Bonds,or(D) the consent given or other action taken by the Depository as the Registered Holder of any Bonds (the "Holder"). For purposes of securing the vote or consent of any Holder under this Resolution, the City may,however,rely upon an omnibus proxy under which the Depository assigns its consenting or voting rights to certain Participants to whose accounts the Bonds are credited on the record date identified in a listing attached to the omnibus proxy. (iv) The City and the Bond Registrar may treat as and deem the Depository to be the absolute owner of the Bonds for the purpose of payment of the principal of and premium,if any, and interest on the Bonds, for the purpose of giving notices of redemption and other matters with respect to the Bonds, for the purpose of obtaining any consent or other action to be taken by Holders for the purpose of registering transfers with respect to such Bonds, and for all purpose whatsoever. The Bond Registrar,as paying agent hereunder, shall pay all principal of and premium,if any,and interest on the Bonds only to the Holder or the Holders of the Bonds as shown on the bond register,and all such payments shall be valid and effective to fully satisfy and discharge the City's obligations with respect to the principal of and premium,if any,and interest on the Bonds to the extent of the sum or sums so paid. (v) Upon delivery by the Depository to the Bond Registrar of written notice to the effect that the Depository has determined to substitute a new Nominee in place of the existing Nominee,and subject to the transfer provisions in paragraph 10, references to the Nominee hereunder shall refer to such new Nominee. (vi) So long as any Bond is registered in the name of a Nominee,all payments with respect to the principal of and premium,if any,and interest on such Bond and all notices with respect to such Bond shall be made and given,respectively,by the Bond Registrar or City,as the case may be, to the Depository as provided in the Letter of Representations to the Depository required by the Depository as a condition to its acting as book-entry Depository for the Bonds (said Letter of Representations, together with any replacement thereof or amendment or substitute thereto,including 4 5913634v1 any standard procedures or policies referenced therein or applicable thereto respecting the procedures and other matters relating to the Depository's role as book-entry Depository for the Bonds, collectively hereinafter referred to as the "Letter of Representations"). (vii) All transfers of beneficial ownership interests in each Bond issued in book-entry form shall be limited in principal amount to Authorized Denominations and shall be effected by procedures by the Depository with the Participants for recording and transferring the ownership of beneficial interests in such Bonds. (viii) In connection with any notice or other communication to be provided to the Holders pursuant to this Resolution by the City or Bond Registrar with respect to any consent or other action to be taken by Holders,the Depository shall consider the date of receipt of notice requesting such consent or other action as the record date for such consent or other action;provided,that the City or the Bond Registrar may establish a special record date for such consent or other action. The City or the Bond Registrar shall,to the extent possible,give the Depository notice of such special record date not less than fifteen calendar days in advance of such special record date to the extent possible. (ix) Any successor Bond Registrar in its written acceptance of its duties under this Resolution and any paying agency/bond registrar agreement, shall agree to take any actions necessary from time to time to comply with the requirements of the Letter of Representations. (d) Termination of Book-Entry Only System. Discontinuance of a particular Depository's services and termination of the book-entry only system may be effected as follows: (i) The Depository may determine to discontinue providing its services with respect to the Bonds at any time by giving written notice to the City and discharging its responsibilities with respect thereto under applicable law. The City may terminate the services of the Depository with respect to the Bond if it determines that the Depository is no longer able to carry out its functions as securities depository or the continuation of the system of book-entry transfers through the Depository is not in the best interests of the City or the Beneficial Owners. (ii) Upon termination of the services of the Depository as provided in the preceding paragraph,and if no substitute securities depository is willing to undertake the functions of the Depository hereunder can be found which,in the opinion of the City,is willing and able to assume such functions upon reasonable or customary terms,or if the City determines that it is in the best interests of the City or the Beneficial Owners of the Bond that the Beneficial Owners be able to obtain certificates for the Bonds,the Bonds shall no longer be registered as being registered in the bond register in the name of the Nominee,but may be registered in whatever name or names the Holder of the Bonds shall designate at that time,in accordance with paragraph 10. To the extent that the Beneficial Owners are designated as the transferee by the Holders,in accordance with paragraph 10,the Bonds will be delivered to the Beneficial Owners. 5 5913634A (iii) Nothing in this subparagraph (d) shall limit or restrict the provisions of paragraph 10. (e) Letter of Representations. The provisions in the Letter of Representations are incorporated herein by reference and made a part of the resolution,and if and to the extent any such provisions are inconsistent with the other provisions of this resolution, the provisions in the Letter of Representations shall control. 3. P ose. The Utility Portion of the Bonds shall provide funds to finance the Utility Improvements. The Tax Abatement Portion of the Bonds shall provide funds to finance the construction of the Tax Abatement Project. The Utility Improvements and the Tax Abatement Project are herein referred to together as the Project. The total cost of the Project,which shall include all costs enumerated in Minnesota Statutes,Section 475.65,is estimated to be at least equal to the amount of the Bonds. The City covenants that it shall do all things and perform all acts required of it to assure that work on the Project proceeds with due diligence to completion and that any and all permits and studies required under law for the Project are obtained. 4. Interest. The Bonds shall bear interest payable semiannually on February 1 and August 1 of each year (each, an "Interest Payment Date"), commencing February 1,2023,calculated on the basis of a 360-day year of twelve 30-day months, at the respective rates per annum set forth opposite the maturity years as follows: Maturity Year Interest Rate Maturity Year Interest Rate 2024 % 2032 % 2025 2033 2026 2034 2027 2035 2028 2036 2029 2037 2030 2038 2031 5. Redemption. All Bonds maturing on February 1,2032 and thereafter, shall be subject to redemption and prepayment at the option of the City on February 1,2031,and on any date thereafter at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and the principal amounts within each maturity to be redeemed shall be determined by the City;and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date,and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each affected registered Holder of the Bonds not more than sixty (60) days and not fewer thirty (30) days prior to the date fixed for redemption. To effect a partial redemption of Bonds having a common maturity date, the Bond Registrar prior to giving notice of redemption shall assign to each Bond having a common maturity date a distinctive number for each$5,000 of the principal amount of such Bond. The Bond Registrar shall 6 5913634A then select by lot,using such method of selection as it shall deem proper in its discretion, from the numbers so assigned to such Bonds,as many numbers as,at$5,000 for each number, shall equal the principal amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected;provided,however,that only so much of the principal amount of each such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. If a Bond is to be redeemed only in part,it shall be surrendered to the Bond Registrar (with,if the City or Bond Registrar so requires,a written instrument of transfer in form satisfactory to the City and Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the City shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of the Bond,without service charge,a new Bond or Bonds having the same stated maturity and interest rate and of any Authorized Denomination or Denominations,as requested by the Holder,in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. 6. Bond Registrar. Bond Trust Services Corporation,in Roseville,Minnesota,is appointed to act as bond registrar and transfer agent with respect to the Bonds (the "Bond Registrar"),and shall do so unless and until a successor Bond Registrar is duly appointed,all pursuant to any contract the City and Bond Registrar shall execute which is consistent herewith. The Bond Registrar shall also serve as paying agent unless and until a successor paying agent is duly appointed. Principal and interest on the Bonds shall be paid to the registered holders (or record holders) of the Bonds in the manner set forth in the form of Bond and paragraph 12. 7. Form of Bond. The Bonds, together with the Bond Registrar's Certificate of Authentication, the form of Assignment and the registration information thereon, shall be in substantially the following form: UNITED STATES OF AMERICA STATE OF MINNESOTA HENNEPIN COUNTY CITY OF SPRING PARK R- $ GENERAL OBLIGATION BOND, SERIES 2022A Interest Rate Maturity Date Date of Original Issue CUSIP February 1, June 30, 2022 REGISTERED OWNER: CEDE&CO. PRINCIPAL AMOUNT: The City of Spring Park,Hennepin County,Minnesota (the "Issuer"), certifies that it is indebted and for value received promises to pay to the registered owner specified above, or registered assigns,unless called for earlier redemption,in the manner hereinafter set forth, the principal amount specified above,on the maturity date specified above,and to pay interest thereon 7 59136340 semiannually on February 1 and August 1 of each year (each,an "Interest Payment Date"), commencing February 1,2023,at the rate per annum specified above (calculated on the basis of a 360-day year of twelve 30-day months) until the principal sum is paid or has been provided for. This Bond will bear interest from the most recent Interest Payment Date to which interest has been paid or,if no interest has been paid, from the date of original issue hereof. The principal of and premium,if any, on this Bond are payable upon presentation and surrender hereof at the principal office of Bond Trust Services Corporation,in Roseville,Minnesota (the "Bond Registrar"), acting as paying agent, or any successor paying agent duly appointed by the Issuer. Interest on this Bond will be paid on each Interest Payment Date by check or draft mailed to the person in whose name this Bond is registered (the "Holder" or"Bondholder") on the registration books of the Issuer maintained by the Bond Registrar and at the address appearing thereon at the close of business on the fifteenth day of the calendar month next preceding such Interest Payment Date (the "Regular Record Date"). Any interest not so timely paid shall cease to be payable to the person who is the Holder hereof as of the Regular Record Date, and shall be payable to the person who is the Holder hereof at the close of business on a date (the "Special Record Date") fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest. Notice of the Special Record Date shall be given to Bondholders not less than ten days prior to the Special Record Date. The principal of and premium,if any, and interest on this Bond are payable in lawful money of the United States of America. So long as this Bond is registered in the name of the Depository or its Nominee as provided in the Resolution hereinafter described,and as those terms are defined therein,payment of principal of,premium,if any,and interest on this Bond and notice with respect thereto shall be made as provided in the Letter of Representations,as defined in the Resolution, and surrender of this Bond shall not be required for payment of the redemption price upon a partial redemption of this Bond. Until termination of the book-entry only system pursuant to the Resolution,Bonds may only be registered in the name of the Depository or its Nominee. Optional Redemption. All Bonds of this issue (the "Bonds") maturing on February 1, 2032, and thereafter, are subject to redemption and prepayment at the option of the Issuer on February 1, 2031, and on any date thereafter at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and the principal amounts within each maturity to be redeemed shall be determined by the Issuer; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date,and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each affected registered holder of the Bonds not more than sixty (60) days and not fewer thirty (30) days prior to the date fixed for redemption. Prior to the date on which any Bond or Bonds are directed by the Issuer to be redeemed in advance of maturity, the Issuer will cause notice of the call thereof for redemption identifying the Bonds to be redeemed to be mailed to the Bond Registrar and all Bondholders,at the addresses shown on the Bond Register. All Bonds so called for redemption will cease to bear interest on the specified redemption date,provided funds for their redemption have been duly deposited. Selection of Bonds for Redemption,Partial Redemption. To effect a partial redemption of Bonds having a common maturity date, the Bond Registrar shall assign to each Bond having a common maturity date a distinctive number for each$5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot,using such method of selection as it shall deem proper in 8 59136340 its discretion, from the numbers assigned to the Bonds,as many numbers as,at$5,000 for each number, shall equal the principal amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected;provided,however,that only so much of the principal amount of such Bond of a denomination of more than$5,000 shall be redeemed as shall equal$5,000 for each number assigned to it and so selected. If a Bond is to be redeemed only in part,it shall be surrendered to the Bond Registrar (with,if the Issuer or Bond Registrar so requires,a written instrument of transfer in form satisfactory to the Issuer and Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the Issuer shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of the Bond,without service charge,a new Bond or Bonds having the same stated maturity and interest rate and of any Authorized Denomination or Denominations,as requested by the Holder,in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. Issuance:Purgose, General Obligation. This Bond is one of an issue in the total principal amount of$2,120,000,all of like date of original issue and tenor,except as to number,maturity, interest rate, denomination and redemption privilege,issued pursuant to and in full conformity with the Constitution and laws of the State of Minnesota and pursuant to a resolution adopted by the City Council on June 6,2022 (the "Resolution"), for the purpose of providing money to finance (i) improvements to the municipal water and sanitary sewer systems (together,the "System") and (ii) the installation of underground electric lines within the jurisdiction of the Issuer. This Bond is payable out of the General Obligation Bonds, Series 2022A Fund of the Issuer. This Bond constitutes a general obligation of the Issuer,and to provide moneys for the prompt and full payment of its principal,premium,if any, and interest when the same become due,the full faith and credit and taxing powers of the Issuer have been and are hereby irrevocably pledged. Denominations:Exchange,Resolution. The Bonds are issuable solely in fully registered form in Authorized Denominations (as defined in the Resolution) and are exchangeable for fully registered Bonds of other Authorized Denominations in equal aggregate principal amounts at the principal office of the Bond Registrar,but only in the manner and subject to the limitations provided in the Resolution. Reference is hereby made to the Resolution for a description of the rights and duties of the Bond Registrar. Copies of the Resolution are on file in the principal office of the Bond Registrar. Transfer. This Bond is transferable by the Holder in person or the Holder's attorney duly authorized in writing at the principal office of the Bond Registrar upon presentation and surrender hereof to the Bond Registrar, all subject to the terms and conditions provided in the Resolution and to reasonable regulations of the Issuer contained in any agreement with the Bond Registrar. Thereupon the Issuer shall execute and the Bond Registrar shall authenticate and deliver,in exchange for this Bond,one or more new fully registered Bonds in the name of the transferee (but not registered in blank or to "bearer" or similar designation), of an Authorized Denomination or Denominations,in aggregate principal amount equal to the principal amount of this Bond, of the same maturity and bearing interest at the same rate. Fees upon Transfer or Loss. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of this Bond and any legal or unusual costs regarding transfers and lost Bonds. 9 5913634v1 Treatment of Registered Owners. The Issuer and Bond Registrar may treat the person in whose name this Bond is registered as the owner hereof for the purpose of receiving payment as herein provided (except as otherwise provided herein with respect to the Record Date) and for all other purposes,whether or not this Bond shall be overdue, and neither the Issuer nor the Bond Registrar shall be affected by notice to the contrary. Authentication. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security unless the Certificate of Authentication hereon shall have been executed by the Bond Registrar. Qualified Tax-Exempt Obligation. This Bond has been designated by the Issuer as a "qualified tax-exempt obligation" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done,to happen and to be performed, precedent to and in the issuance of this Bond,have been done,have happened and have been performed,in regular and due form, time and manner as required by law;that the Issuer has covenanted and agreed with the Holders of the Bonds that it will impose and collect charges for the service,use and availability of its System at the times and in amounts necessary to produce net revenues,together with other sums pledged to the payment of the Utility Portion of the Bonds, as defined in the Resolution,adequate to pay all principal and interest when due on the Utility Portion of the Bonds;and that the Issuer will levy a direct, annual,irrepealable ad valorem tax upon all of the taxable property of the Issuer,without limitation as to rate or amount, for the years and in amounts sufficient to pay the principal and interest on Utility Portion of the Bonds as they respectively become due,if the net revenues from the System,and any other sums irrevocably appropriated to the Debt Service Account are insufficient therefor;and that this Bond, together with all other debts of the Issuer outstanding on the date of original issue hereof and the date of its issuance and delivery to the original purchaser, does not exceed any constitutional or statutory limitation of indebtedness. IN WITNESS WHEREOF, the City of Spring Park,Hennepin County,Minnesota,by its City Council has caused this Bond to be executed on its behalf by the facsimile signatures of its Mayor and its Clerk, the corporate seal of the Issuer having been intentionally omitted as permitted by law. Date of Registration: Registrable by: BOND TRUST SERVICES CORPORATION Payable at: BOND TRUST SERVICES CORPORATION BOND REGISTRAR'S CITY OF SPRING PARK, CERTIFICATE OF HENNEPIN COUNTY,MINNESOTA AUTHENTICATION This Bond is one of the Bonds described in the /s/ Facsimile 10 5913634v1 Resolution mentioned Mayor within. Bond Trust Services Corporation Roseville,Minnesota, Bond Registrar /s/ Facsimile Clerk By: Authorized Signature 11 5913634v1 ABBREVIATIONS The following abbreviations,when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM -as tenants in common TEN ENT- as tenants by the entireties JT TEN -as joint tenants with right of survivorship and not as tenants in common UTMA - as custodian for (Cust) (Minor) under the Uniform (State) Transfers to Minors Act Additional abbreviations may also be used though not in the above list. ASSIGNMENT For value received, the undersigned hereby sells,assigns and transfers unto the within Bond and does hereby irrevocably constitute and appoint attorney to transfer the Bond on the books kept for the registration thereof,with full power of substitution in the premises. Dated: Notice: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular,without alteration or any change whatever. Signature Guaranteed: Signature(s) must be guaranteed by a national bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges or any other"Eligible Guarantor Institution" as defined in 17 CFR 240.17 Ad-15(a)(2). The Bond Registrar will not affect transfer of this Bond unless the information concerning the transferee requested below is provided. Name and Address: (Include information for all joint owners if the Bond is held by joint account.) 12 5913634v1 8. Execution. The Bonds shall be in typewritten form, shall be executed on behalf of the City by the signatures of its Mayor and Clerk and be sealed with the seal of the City;provided,as permitted by law,both signatures may be photocopied facsimiles and the corporate seal has been omitted. In the event of disability or resignation or other absence of either officer,the Bonds may be signed by the manual or facsimile signature of the officer who may act on behalf of the absent or disabled officer. In case either officer whose signature or facsimile of whose signature shall appear on the Bonds shall cease to be such officer before the delivery of the Bonds,the signature or facsimile shall nevertheless be valid and sufficient for all purposes,the same as if the officer had remained in office until delivery. 9. Authentication. No Bond shall be valid or obligatory for any purpose or be entitled to any security or benefit under this resolution unless a Certificate of Authentication on the Bond, substantially in the form hereinabove set forth, shall have been duly executed by an authorized representative of the Bond Registrar. Certificates of Authentication on different Bonds need not be signed by the same person. The Bond Registrar shall authenticate the signatures of officers of the City on each Bond by execution of the Certificate of Authentication on the Bond and by inserting as the date of registration in the space provided the date on which the Bond is authenticated, except that for purposes of delivering the original Bonds to the Purchaser, the Bond Registrar shall insert as a date of registration the date of original issue,which date is June 30, 2022. The Certificate of Authentication so executed on each Bond shall be conclusive evidence that it has been authenticated and delivered under this resolution. 10. Registration,Transfer,Exchange. The City will cause to be kept at the principal office of the Bond Registrar a bond register in which, subject to such reasonable regulations as the Bond Registrar may prescribe, the Bond Registrar shall provide for the registration of Bonds and the registration of transfers of Bonds entitled to be registered or transferred as herein provided. Upon surrender for transfer of any Bond at the principal office of the Bond Registrar, the City shall execute (if necessary),and the Bond Registrar shall authenticate,insert the date of registration (as provided in paragraph 9) of, and deliver,in the name of the designated transferee or transferees, one or more new Bonds of any Authorized Denomination or Denominations of a like aggregate principal amount,having the same stated maturity and interest rate,as requested by the transferor;provided,however,that no Bond may be registered in blank or in the name of"bearer" or similar designation. At the option of the Holder,Bonds may be exchanged for Bonds of any Authorized Denomination or Denominations of a like aggregate principal amount and stated maturity,upon surrender of the Bonds to be exchanged at the principal office of the Bond Registrar. Whenever any Bonds are so surrendered for exchange, the City shall execute (if necessary), and the Bond Registrar shall authenticate,insert the date of registration of,and deliver the Bonds which the Holder making the exchange is entitled to receive. All Bonds surrendered upon any exchange or transfer provided for in this resolution shall be promptly canceled by the Bond Registrar and thereafter disposed of as directed by the City. All Bonds delivered in exchange for or upon transfer of Bonds shall be valid general obligations of the City evidencing the same debt,and entitled to the same benefits under this resolution, as the Bonds surrendered for such exchange or transfer. 13 5913634v1 Every Bond presented or surrendered for transfer or exchange shall be duly endorsed or be accompanied by a written instrument of transfer,in form satisfactory to the Bond Registrar,duly executed by the Holder thereof or the Holder's attorney duly authorized in writing. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of any Bond and any legal or unusual costs regarding transfers and lost Bonds. Transfers shall also be subject to reasonable regulations of the City contained in any agreement with the Bond Registrar,including regulations which permit the Bond Registrar to close its transfer books between record dates and payment dates. The Clerk is hereby authorized to negotiate and execute the terms of said agreement. 11. Rights Uuon Transfer or Exchange. Each Bond delivered upon transfer of or in exchange for or in lieu of any other Bond shall carry all the rights to interest accrued and unpaid, and to accrue,which were carried by such other Bond. 12. Interest Payment,Record Date. Interest on any Bond shall be paid on each Interest Payment Date by check or draft mailed to the person in whose name the Bond is registered (the "Holder") on the registration books of the City maintained by the Bond Registrar and at the address appearing thereon at the close of business on the fifteenth day of the calendar month next preceding such Interest Payment Date (the "Regular Record Date"). Any such interest not so timely paid shall cease to be payable to the person who is the Holder thereof as of the Regular Record Date,and shall be payable to the person who is the Holder thereof at the close of business on a date (the "Special Record Date") fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest. Notice of the Special Record Date shall be given by the Bond Registrar to the Holders not less than ten days prior to the Special Record Date. 13. Treatment of Registered Owner. The City and Bond Registrar may treat the person in whose name any Bond is registered as the owner of such Bond for the purpose of receiving payment of principal of and premium,if any, and interest (subject to the payment provisions in paragraph 12) on, such Bond and for all other purposes whatsoever whether or not such Bond shall be overdue, and neither the City nor the Bond Registrar shall be affected by notice to the contrary. 14. Delivery,Application of Proceeds. The Bonds when so prepared and executed shall be delivered by the Clerk to the Purchaser upon receipt of the purchase price,and the Purchaser shall not be obliged to see to the proper application thereof. 15. Fund and Accounts. There is hereby established a special fund to be designated "General Obligation Bonds, Series 2022A Fund" (the "Fund") to be administered and maintained by the Clerk as a bookkeeping account separate and apart from all other funds maintained in the official financial records of the City. The Fund shall be maintained in the manner herein specified until all of the Bonds and the interest thereon have been fully paid. The Operation and Maintenance Account heretofore established by the City for the Water System shall continue to be maintained in the manner heretofore provided by the City. The Operation and Maintenance Account heretofore established by the City for the Sanitary Sewer System shall continue to be maintained in the manner heretofore provided by the City. (The Operation and Maintenance Account for the Water System and the Operation and Maintenance Account for the Sanitary Sewer System are referred to together 14 5913634v1 herein as the "Operation and Maintenance Accounts".) All moneys remaining after paying or providing for the items set forth in the resolution(s) establishing the Operation and Maintenance Account shall constitute and are referred to as "net revenues" until the Utility Portion of the Bonds have been paid. In such records there shall be established accounts of the Fund for the purposes and in the amounts as follows: (a) Construction Account. To the Construction Account there shall be credited the proceeds of the sale of the Bonds. From the Construction Account there shall be paid all costs and expenses of the Project,including the cost of any construction contracts heretofore let and all other costs incurred and to be incurred of the kind authorized in Minnesota Statutes, Section 475.65. Moneys in the Construction Account shall be used for no other purpose except as otherwise provided by law;provided that the proceeds of the Bonds may also be used to the extent necessary to pay interest on the Bonds due prior to the anticipated date of commencement of the collection of taxes herein levied or covenanted to be levied;and provided further that if upon completion of the Project there shall remain any unexpended balance in the Construction Account, the balance shall be transferred to the Debt Service Account. (b) Debt Service Account. There shall be maintained two separate subaccounts in the Debt Service Account to be designated the "Utility Improvements Debt Service Subaccount" and the "Tax Abatement Project Debt Service Subaccount ". There are hereby irrevocably appropriated and pledged to,and there shall be credited to the separate subaccounts of the Debt Service Account: (i) Utility Improvements Debt Service Subaccount. To the Utility Improvements Debt Service Subaccount there shall be credited: (A) the net revenues of the System not otherwise pledged and applied to the payment of other obligations of the City,in an amount,together with other funds which may herein or hereafter from time to time be irrevocably appropriated to the Utility Improvements Debt Service Subaccount, sufficient to meet the requirements of Minnesota Statutes,Section 475.61 for the payment of the principal and interest of the Utility Portion of the Bonds; (B) any collections of all taxes which may hereafter be levied in the event that the net revenues of the System and other funds herein pledged to the payment of the principal and interest on the Utility Portion of the Bonds are insufficient therefore; (C) a pro rata share of all funds remaining in the Construction Account after completion of the Project and payment of the costs thereof; (D) all investment earnings on funds held in the Utility Improvements Debt Service Subaccount;and (E) any and all other moneys which are properly available and are appropriated by the governing body of the City to the Utility Improvements Debt Service Subaccount. The Utility Improvements Debt Service Subaccount shall be used solely to pay the principal and interest and any premium for redemption of the Utility Portion of the Bonds and any other general obligation bonds of the City hereafter issued by the City and made payable from said subaccount as provided by law (ii) Tax Abatement Project Debt Service Subaccount. To the Tax Abatement Project Debt Service Subaccount there is hereby irrevocably appropriated and pledged,and there shall be credited (A) Tax Abatements in an amount sufficient to pay the annual principal and interest payments on the Tax Abatement Portion of the Bonds; (B) available City funds in the amount of$ (together with interest 15 5913634vl earnings thereon and subject to such other adjustments as are appropriate to provide sufficient funds to pay interest on the Improvement Portion of the Bonds on or before February 1,2023); (C) a pro rata share of all funds remaining in the Construction Account after completion of the Project and payment of the costs thereof; (D) all investment earnings on funds held in the Tax Abatement Project Debt Service Subaccount;and (E) any and all other moneys which are properly available and are appropriated by the governing body of the City to the Tax Abatement Project Debt Service Subaccount. The Tax Abatement Project Debt Service Subaccount shall be used solely to pay the principal and interest and any premiums for redemption of the Tax Abatement Portion of the Bonds. No portion of the proceeds of the Bonds shall be used directly or indirectly to acquire higher yielding investments or to replace funds which were used directly or indirectly to acquire higher yielding investments, except (1) for a reasonable temporary period until such proceeds are needed for the purpose for which the Bonds were issued and (2) in addition to the above in an amount not greater than the lesser of five percent of the proceeds of the Bonds or$100,000. To this effect, any proceeds of the Bonds and any sums from time to time held in the Construction Account or Debt Service Account (or any other City account which will be used to pay principal or interest to become due on the bonds payable therefrom) in excess of amounts which under then applicable federal arbitrage regulations may be invested without regard to yield shall not be invested at a yield in excess of the applicable yield restrictions imposed by said arbitrage regulations on such investments after taking into account any applicable "temporary periods" or"minor portion" made available under the federal arbitrage regulations. Money in the Fund shall not be invested in obligations or deposits issued by,guaranteed by or insured by the United States or any agency or instrumentality thereof if and to the extent that such investment would cause the Bonds to be "federally guaranteed" within the meaning of Section 149(b) of the Internal Revenue Code of 1986,as amended (the "Code"). 16. Covenants Relating to the Utility Portion of the Bonds. (a) Sufficiency of Net Revenues. It is hereby found, determined and declared that the net revenues of the System are sufficient in amount to pay when due the principal of and interest on the Utility Portion of the Bonds and the Outstanding Utility System Bonds and a sum at least five percent in excess thereof. The net revenues of the Sanitary Sewer System are sufficient to pay when due the principal and interest on the Outstanding Sanitary Sewer Bonds and a sum at least five percent in excess thereof. The net revenues of the System are hereby pledged on a parity lien with the Outstanding Utility System Bonds and the Outstanding Sanitary Sewer Bonds and shall be applied for that purpose,but solely to the extent required to meet, together with other pledged sums,the principal and interest requirements of the Utility Portion of the Bonds as the same become due. Nothing contained herein shall be deemed to preclude the City from making further pledges and appropriations of the net revenues of the System for the payment of other or additional obligations of the City,provided that it has first been determined by the City Council that the estimated net revenues of the System will be sufficient in addition to all other sources, for the payment of the Utility Portion of the Bonds and such additional obligations and any such pledge and appropriation of the net revenues may be made superior or subordinate to, or on a parity with the pledge and appropriation herein. (b) Excess Net Revenues. Net revenues in excess of those required for the foregoing may be used for any proper purpose. 16 5913634v1 (c) Covenant to Maintain Rates and Charges. In accordance with Minnesota Statutes, Section 444.075,the City hereby covenants and agrees with the Holders of the Bonds that it will impose and collect charges for the service,use,availability and connection to the System at the times and in the amounts required to produce net revenues adequate to pay all principal and interest when due on the Utility Portion of the Bonds. Minnesota Statutes,Section 444.075,Subdivision 2, provides as follows: "Real estate tax revenues should be used only,and then on a temporary basis, to pay general or special obligations when the other revenues are insufficient to meet the obligations." 17. Covenants Relating to the Tax Abatement Portion of the Bonds. (a) Tax Abatements,Use of Tax Abatements. The Council has adopted the Abatement Resolution and has thereby approved the Tax Abatements,including the pledge thereof to the payment of principal and interest on the Tax Abatement Portion of the Bonds. As provided in the Abatement Resolution, the estimated total amount of the Tax Abatements,if received as estimated for the frill maximum term thereof,is $375,000 and therefore the principal and interest amount of the Tax Abatement Portion of the Bonds does not exceed the maximum projected amount of the Tax Abatements. The Council hereby confirms the Abatement Resolution,which is hereby incorporated as though set forth herein. (b) Coverage Test. The Tax Abatements are such that if collected in full they will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the Tax Abatement Portion of the Bonds. (c) General Obligation Pledge. For the prompt and full payment of the principal of and interest on the Tax Abatement Portion of the Bonds as the same respectively become due, the full faith, credit and taxing powers of the City shall be and are hereby irrevocably pledged. If the balance in the Abatement Debt Service Subaccount is ever insufficient to pay all principal and interest then due on the Tax Abatement Portion of the Bonds payable therefrom, the deficiency shall be promptly paid out of any other accounts of the City which are available for such purpose, and such other funds may be reimbursed without interest from the Abatement Debt Service Subaccount when a sufficient balance is available therein. 18. General Obligation Pledge. For the prompt and full payment of the principal and interest on the Bonds, as the same respectively become due, the full faith, credit and taxing powers of the City shall be and are hereby irrevocably pledged. If the net revenues of the System appropriated and pledged to the payment of principal and interest on the Utility Portion of the Bonds,together with other funds irrevocably appropriated to the Utility Improvements Debt Service Subaccount herein established, shall at any time be insufficient to pay such principal and interest when due,the City covenants and agrees to levy,without limitation as to rate or amount an ad valorem tax upon all taxable property in the City sufficient to pay such principal and interest as it becomes due. If the balance in the Debt Service Account is ever insufficient to pay all principal and interest then due on the Bonds and any other bonds payable therefrom,the deficiency shall be promptly paid out of any other funds of the City which are available for such purpose,and such other funds may be reimbursed with or without interest from the Debt Service Account when a sufficient balance is available therein. 17 5913634A 19. Defeasance. When all Bonds have been discharged as provided in this paragraph, all pledges, covenants and other rights granted by this resolution to the registered holders of the Bonds shall, to the extent permitted by law,cease. The City may discharge its obligations with respect to any Bonds which are due on any date by irrevocably depositing with the Bond Registrar on or before that date a sum sufficient for the payment thereof in full; or if any Bond should not be paid when due,it may nevertheless be discharged by depositing with the Bond Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. The City may also discharge its obligations with respect to any prepayable Bonds called for redemption on any date when they are prepayable according to their terms,by depositing with the Bond Registrar on or before that date a sum sufficient for the payment thereof in full,provided that notice of redemption thereof has been duly given. The City may also at any time discharge its obligations with respect to any Bonds, subject to the provisions of law now or hereafter authorizing and regulating such action, by depositing irrevocably in escrow,with a suitable banking institution qualified by law as an escrow agent for this purpose, cash or securities described in Minnesota Statutes, Section 475.67, Subdivision 8,bearing interest payable at such times and at such rates and maturing on such dates as shall be required,without regard to sale and/or reinvestment, to pay all amounts to become due thereon to maturity or,if notice of redemption as herein required has been duly provided for, to such earlier redemption date. 20. Compliance With Reimbursement Bond Regulations. The provisions of this paragraph are intended to establish and provide for the City's compliance with United States Treasury Regulations Section 1.150-2 (the "Reimbursement Regulations") applicable to the "reimbursement proceeds" of the Bonds,being those portions thereof which will be used by the City to reimburse itself for any expenditure which the City paid or will have paid prior to the Closing Date (a "Reimbursement Expenditure"). The City hereby certifies and/or covenants as follows: (a) Not later than 60 days after the date of payment of a Reimbursement Expenditure, the City (or person designated to do so on behalf of the City) has made or will have made a written declaration of the City's official intent (a "Declaration")which effectively (i) states the City's reasonable expectation to reimburse itself for the payment of the Reimbursement Expenditure out of the proceeds of a subsequent borrowing; (ii) gives a general and functional description of the property,project or program to which the Declaration relates and for which the Reimbursement Expenditure is paid, or identifies a specific fund or account of the City and the general functional purpose thereof from which the Reimbursement Expenditure was to be paid (collectively the "Project"); and (iii) states the maximum principal amount of debt expected to be issued by the City for the purpose of financing the Project;provided,however,that no such Declaration shall necessarily have been made with respect to: (i) "preliminary expenditures" for the Project, defined in the Reimbursement Regulations to include engineering or architectural, surveying and soil testing expenses and similar prefatory costs,which in the aggregate do not exceed 20% of the "issue price" of the Bonds,and (ii) a de minimis amount of Reimbursement Expenditures not in excess of the lesser of$100,000 or 5%of the proceeds of the Bonds. (b) Each Reimbursement Expenditure is a capital expenditure or a cost of issuance of the Bonds or any of the other types of expenditures described in Section 1.1 50-2(d)(3) of the Reimbursement Regulations. 18 5913634v1 (c) The "reimbursement allocation" described in the Reimbursement Regulations for each Reimbursement Expenditure shall and will be made forthwith following(but not prior to) the issuance of the Bonds,and not later than three years after the later of(i) the date of the payment of the Reimbursement Expenditure, or (ii) the date on which the Project to which the Reimbursement Expenditure relates is first placed in service. (d) Each such reimbursement allocation will be made in a writing that evidences the City's use of Bond proceeds to reimburse the Reimbursement Expenditure and,if made within 30 days after the Bonds are issued, shall be treated as made on the day the Bonds are issued. Provided,however, that the City may take action contrary to any of the foregoing covenants in this paragraph upon receipt of an opinion of its Bond Counsel for the Bonds stating in effect that such action will not impair the tax-exempt status of the Bonds. 21. Certificate of Registration. A certified copy of this resolution is hereby directed to be filed in the offices of the Director of Resident and Real Estate Services of Hennepin County, Minnesota,together with such other information as the Director shall require and to obtain the County Director's Certificate that the Bonds have been entered in the County Director's Bond Register. 22. Continuing Disclosure. The City is the sole obligated person with respect to the Bonds. The City hereby agrees,in accordance with the provisions of Rule 15c2-12 (the "Rule"), promulgated by the Securities and Exchange Commission (the "Commission") pursuant to the Securities Exchange Act of 1934,as amended,and a Continuing Disclosure Undertaking (the "Undertaking") hereinafter described: (a) to provide or cause to be provided to the Municipal Securities Rulemaking Board,by filing at www.emma.msrb.org, (i) at least annually,its audited financial statements for the most recent fiscal year,and (ii) notice of the occurrence of certain events with respect to the Bonds in not more than ten (10) business days after the occurrence of such event,in accordance with the Undertaking;and (b) (b) its covenants pursuant to the Rule set forth in this paragraph and in the Undertaking is intended to be for the benefit of the Holders of the Bonds and shall be enforceable on behalf of such Holders;provided that the right to enforce the provisions of these covenants shall be limited to a right to obtain specific enforcement of the City's obligations under the covenants. The Mayor and Clerk of the City, or any other officer of the City authorized to act in their place (the "Officers") are hereby authorized and directed to execute on behalf of the City the Undertaking in substantially the form presented to the City Council subject to such modifications thereof or additions thereto as are (i) consistent with the requirements under the Rule, (ii) required by the Purchaser of the Bonds, and (iii) acceptable to the Officers. 23. Records and Certificates. The officers of the City are hereby authorized and directed to prepare and furnish to the Purchaser,and to the attorneys approving the legality of the issuance of the Bonds,certified copies of all proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City,and such other affidavits, certificates and information as are required to show the facts relating to the legality and marketability of the Bonds as the same 19 5913634v1 appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies,certificates and affidavits,including any heretofore furnished,shall be deemed representations of the City as to the facts recited therein. 24. Negative Covenant as to Use of Bond Proceeds and Project. The City hereby covenants not to use the proceeds of the Bonds or to use the Project, or to cause or permit them to be used,or to enter into any deferred payment arrangements for the cost of the Project,in such a manner as to cause the Bonds to be "private activity bonds" within the meaning of Sections 103 and 141 through 150 of the Code. 25. Tax-Exempt Status of the Bonds:Rebate. The City shall comply with requirements necessary under the Code to establish and maintain the exclusion from gross income under Section 103 of the Code of the interest on the Bonds,including without limitation (i) requirements relating to temporary periods for investments, (ii) limitations on amounts invested at a yield greater than the yield on the Bonds, and (iii) the rebate of excess investment earnings to the United States if the Bonds (together with other obligations reasonably expected to be issued and outstanding at one time in this calendar year) exceed the small issuer exception amount of$5,000,000. For purposes of qualifying for the small issuer exception to the federal arbitrage rebate requirements for governmental units issuing$5,000,000 or less of bonds, the City hereby finds, determines and declares that (i) the Bonds are issued by a governmental unit with general taxing powers; (ii) no Bond is a private activity bond; (iii) ninety five percent or more of the net proceeds of the Bonds are to be used for local governmental activities of the City (or of a governmental unit the jurisdiction of which is entirely within the jurisdiction of the City);and (iv) the aggregate face amount of all tax exempt bonds (other than private activity bonds) issued by the City (and all entities subordinate to,or treated as one issuer with the City) during the calendar year in which the Bonds are issued and outstanding at one time is not reasonably expected to exceed$5,000,000,all within the meaning of Section 148(f(4)(D) of the Code. 26. Designation of Qualified Tax-Exempt Obligations. In order to qualify the Bonds as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the Code, the City hereby makes the following factual statements and representations: (a) the Bonds are issued after August 7, 1986; (b) the Bonds are not "private activity bonds" as defined in Section 141 of the Code; (c) the City hereby designates the Bonds as "qualified tax exempt obligations" for purposes of Section 265(b)(3) of the Code; (d) the reasonably anticipated amount of tax exempt obligations (other than private activity bonds, treating qualified 501(c)(3) bonds as not being private activity bonds)which will be issued by the City (and all entities treated as one issuer with the City,and all subordinate entities whose obligations are treated as issued by the City) during this calendar year 2022 will not exceed $10,000,000; (e) not more than $10,000,000 of obligations issued by the City during this calendar year 2022 have been designated for purposes of Section 265(b)(3) of the Code;and 20 5913634v1 (f) the aggregate face amount of the Bonds does not exceed $10,000,000. The City shall use its best efforts to comply with any federal procedural requirements which may apply in order to effectuate the designation made by this paragraph. 27. Official Statement. The Official Statement relating to the Bonds prepared and distributed by Ehlers is hereby approved and the officers of the City are authorized in connection with the delivery of the Bonds to sign such certificates as may be necessary with respect to the completeness and accuracy of the Official Statement. 28. Payment of Issuance Expenses. The City authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment of issuance expenses to Wells Fargo Bank,San Francisco, California, on the closing date for further distribution as directed by Ehlers. 29. Severability. If any section,paragraph or provision of this resolution shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this resolution. 30. Headings. Headings in this resolution are included for convenience of reference only and are not a part hereof,and shall not limit or define the meaning of any provision hereof. ADOPTED by the City Council of the City of Spring Park this 6th day of June 2022. CITY OF SPRING PARK Jerome P. Rockvam, Mayor Attest: Jamie Hoffinan, City Clerk 21 59136341 STATE OF MINNESOTA COUNTY OF HENNEPIN CITY OF SPRING PARK I, the undersigned,being the duly qualified and acting Clerk of the City of Spring Park, Minnesota,DO HEREBY CERTIFY that I have compared the attached and foregoing extract of minutes with the original thereof on file in my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the City Council, duly called and held on the date therein indicated,insofar as such minutes relate to authorizing the issuance and awarding the sale of $2,120,000 General Obligation Bonds, Series 2022A. WITNESS my hand on June 6,2022. City Clerk 22 5913634v1 EXHIBIT A PROPOSALS [To be supplied by Ehlers &Associates,Inc.] A-1 5913634vl EXHIBIT B SCHEDULES [To be supplied by Ehlers &Associates,Inc.] B-1 CITY OF SPRING PARK SPRING PARK, MINNESOTA RESOLUTION #22-15 A RESOLUTION AMENDING RESOLUTION #22-06 DATES OF MEETINGS, HOLIDAYS, & OFFICE HOURS WHEREAS, the City of Spring Park has established a program of setting administrative office hours and holidays for Spring Park City Hall staff and meeting dates for City Council & Planning Commission; and WHEREAS, Resolution #22-06 did not include a Federally Observed holiday for June 19th —Juneteenth (to be observed June 20th); and NOW THEREFORE BE IT FURTHER RESOLVED, by the City Council of the City of Spring Park that Resolution #22-06 will be amended to accommodate Juneteenth; ADOPTED by the City Council of the City of Spring Park this 6th day of June, 2022. CITY OF SPRING PARK Approved: Jerome P. Rockvam, Mayor Attest: Jamie Hoffman, City Clerk l rk J-U nbteentli Federal . . . q All images Date A holiday celebrating the June 19 emancipation of those who had been enSIaVed in the JUNE United States. 10 TEENTH FREEDOM DAY Juneteenth 2022 will mark the second year it's been an official federal holiday. Last year, President Joe Biden signed the Juneteenth National Independence Day Act, making it the first new federal holiday since Martin Luther King Jr. Day, added in 1983. Juneteenth -- a portmanteau of the date it's celebrated--marks the freedom of enslaved Black people in the US. It's also known as Freedom Day or Jubilee Day. "The emancipation of enslaved Black Americans didn't mark the end of America's work to deliver on the promise of equality; it only marked the beginning," Biden said just minutes before signing Juneteenth into law in 2021. "To honor the true meaning of Juneteenth, we have to continue toward that promise because we've not gotten there yet." The observation of Juneteenth stretches back to 1865, but the holiday gained significant national attention in 2020, after the deaths of George Floyd, Breonna Taylor, Ahmaud Arbery, Rayshard Brooks and others sparked Black Lives Matter protests against police brutality and systematic violence aimed at Black Americans. What making Juneteenth a federal holiday means Biden signed the Juneteenth National Independence Day Act in 2021, making it an official federal holiday. That means it's established by law, such as other holidays, including Labor Day, Memorial Day and New Year's Day. Now that it's approved, Juneteenth is the 1 Ith federal holiday in the US. Like other federal holidays,banks, schools and government companies (like post offices) are expected to be closed for Juneteenth. USA Federal Holidays for Year 2022 Date Day of Week Holiday Name January 1 Saturday New Year's Day January 17 Monday Birthday of Martin Luther King,Jr. February 21 Monday Washington's Birthday(aka Presidents Day) May 30 Monday Memorial Day June 20 Monday Juneteenth National Independence Day July4 Monday Independence Day September 5 Monday Labor Day October 10 Monday Columbus Day November 11 Friday Veterans Day November 24 Thursday Thanksgiving Day December 26121 Monday Christmas Day SPRING PARK On Lake Minnetonka To: City Council From:Jim Brimeyer, Interim Administrator Subject: Council meeting of June 6, 2022 9.c Resolution 22-15 We were informed this past week that June 20" was declared a national holiday by the federal government in 2021. City hall will be closed on that day. Thus, the work session and council meeting scheduled for June 20`h will be held on June 21 s`. Item 10.b.1 Administrator Report Sunset Drive The city attorney and the property owner's attorney have "tentatively" reached an agreement pending a description from the engineer on the location of the access. That will be completed within the next week after public works has cleared the north side of the access near the water. Once the description is completed, and approved, it will be recorded into the county records. The agreement would also call for the property owner to reimburse the city for one- half the cost of the Wenck survey. Park Lane The engineer is developing a description of an easement that will allow the two of the properties facing Park Lane "official" access to Park Lane. Once approved by the council, that easement will be recorded with the county. Update on the Seanote Staff met with the boat owner this week to discuss future events. The owner advised that when there is sufficient space in the adjacent parking lot this will allow him enough space to back the boat out of the current position and then backed into the far corner of his lot. City of Spring Park 4349 Warren Avenue, Spring Park, MN 55384 Phone: (952) 471-9051 / Fax: (952) 471-9160 / Web: www.ci.spring-park.mn.us This will allow him to "level" the boat and have it weighed to determine trailer capacity and meet road restrictions. He will then repair it and plans to move it to another location. The exact timing of this effort is variable. Code enforcement and zoning regulations Have been thinking about some options, at the suggestion of the Mayor, to provide a more effective, and consistent, method to resolve code and zoning violations in the city. Checked with some other cities and most smaller cities have an Administrator or a Community Development Officer/Planner that performs this duty. This activity can take a good deal of time on occasion. I spoke with our Building Official about some options and learned that they can provide this service. I am recommending that we amend our agreement with MSPECT to accomplish this. Their hourly rate is the same as for building inspection services. Administrator Transition There has been some conversation over the past month or so about the process to move from the Interim Administrator to Administrator. 1 have some thoughts about this but did not want to assume anything until the council has some discussion. If no interest, l am fine with that. If some interest, I can have some more discussion and have a proposal for the June 21'Work Session. Item 10.c Conduit Financing This was discussed at the May 16'h council meeting. There was a 4-1 vote to continue the discussion, pending an opinion from the City Attorney. That opinion is on the agenda for council discussion. If a majority of the council continues to support this transaction, then the public hearing date could be set for the first meeting in July. City of Spring Park 4349 Warren Avenue, Spring Park, MN 55384 Phone: (952) 471-9051 / Fax: (952) 471-9160 / Web: www.ci.spring-park.mn.us AMENDMENT ONE AGREEMENT AND CONTRACT FOR INSPECTION SERVICES BETWEEN CITY OF SPRING PARK, MINNESOTA AND MNSPECT, LLC This Amendment is entered into to amend Agreement previously entered into on December 03, 2018, by and between City of Spring Park, Minnesota, (Municipality) and MNSPECT, LLC, a wholly owned subsidiary of SAFEbuilt, LLC, (Inspector). Municipality and Inspector shall be jointly referred to as the"Parties". Amendment Effective Date:This Amendment shall be effective following full execution by both Parties. RECITALS AND REPRESENTATIONS Parties entered into an Agreement (Agreement), by which both Parties established the terms and conditions for service delivery on December 03, 2018; and Parties hereto now desire to amend the Agreement as set forth herein; and NOW,THEREFORE Agreement, is hereby amended to include As-Requested Code Enforcement Service and Designated Building Official Service and associated fees. 1. Additional Services Designated Building Official Services ✓ Be a resource for Consultant team members, Municipal staff, and applicants ✓ Help guide citizens through the complexities of the codes in order to obtain compliance ✓ Monitor changes to the codes including state or local requirements and determine how they may impact projects in the area and make recommendations regarding local amendments ✓ Provide Building Code interpretations for final approval ✓ Oversee our quality assurance program and will make sure that we are meeting our agreed upon performance measurements and your expectations ✓ Provide training for our inspectors on Municipality adopted codes and local amendments as needed ✓ Oversee certificate of occupancy issuance to prevent issuance without compliance of all departments ✓ Attend staff and council meetings as mutually agreed upon ✓ Responsible for reporting for Municipality—frequency and content to be mutually agreed upon ✓ Responsible for client and applicant satisfaction ✓ Issue stop-work notices for non-conforming activities related to provided services—as needed Code Enforcement Services ✓ Customize our approach at the direction of Municipal Council/Board and staff ✓ Customize services in compliance with applicable Municipal code and ordinance requirements ✓ Proactively work with Municipality and its citizens to maintain a safe and desirable community ✓ Respond to and investigate code violations as requested in writing by Municipality ✓ Post violation notices and provide initial citizen notifications and follow-up inspections ✓ Address specific code enforcement issues at the direction of Municipality ✓ Assist in the preparation of cases for court appearances and attend meetings as requested ✓ Participate in educational activities and customer service surveys related to code enforcement ✓ Provide professional recommendations for code revisions—as needed ✓ Make presentations to Municipal boards as requested ✓ Provide agreed upon reports to demonstrate our performance against set measurements AGREEMENT AMENDMENT Pape 1 of 2 2. Municipal Obligations ✓ Municipality will provide Consultant with a list of requested code enforcement inspections and supporting documents 3. Time of Performance ✓ Consultant will perform Services during normal business hours excluding Municipal holidays ✓ Consultant representative(s)will be available by phone and email ✓ Consultant will perform code enforcement inspections received from the Municipality prior to 4:00 pm on the next working/business day 4. Fee Schedule ✓ Code Enforcement Inspection Service-$90.00 per hour—one (1) hour minimum ✓ Building Official Services-$125.00 per hour—one (1) hour minimum All other provisions of the original Agreement shall remain in effect,to the extent not modified by Amendment. IN WITNESS HEREOF, the undersigned have caused this Amendment to be executed in their respective names on the dates hereinafter enumerated. Gary Amato, CAO Date MNSPECT, LLC Signature Date City of Spring Park, Minnesota Name&Title City of Spring Park, Minnesota AGkLLMLNI A.MENDMtNI Paee2of2 Mary D.Tietjen Julie A.Eddington Kennedy 150 S.5t'Street,Suite 700 200 South Sixth Street Minneapolis MN 55402 (612)337-9300 telephone Graven (612)337-9310 fax mtietjen@kennedy-graven.com ht!p://www.kennedy-graven.com CHARTERED MEMORANDUM To: Spring Park Mayor and City Council Jim Brimeyer, Interim City Administrator From: Mary Tietjen, city attorney Julie Eddington, bond attorney Re: Holy Family request for conduit financing Date: May 19, 2022 I understand that Holy Family high school has asked the City to issue tax-exempt bonds on its behalf. The City Administrator requested that we provide an opinion to the City Council that such request for conduit financing is permissible under law. The tax code allows cities to issue bonds on behalf of 501(c) organizations so that the organization can obtain lower interest rates for projects that further their mission. The bonds issued by the City will be secured by revenues derived from the project. The bonds will not constitute a general or moral obligation of the City,will not be secured by or payable from any property or assets of the City, and will not be secured by any taxing power of the City. The bonds will not be subject to any debt limitation imposed on the City, and the issuance of the bonds will not have any adverse impact on the credit rating of the City, even if Holy Family encounters financial difficulties with respect to the project to be financed with the proceeds of the bonds. The bond document will require Holy Family to pay the out-of-pocket expenses of the City with respect to the transaction, including the administrative fee charged by the City in connection with the issuance of conduit bonds. 1 SP275-1-798745.vl City of Spring Park 06/06/2022 Staff Payroll Checks#32826-32853 and EFT Payments Check# Employee/Council Name Check Amount Check Date 5902 Hoffman,Jamie K. $2,483.93 5/31/2022 5903 Xion ,Patria $1,939.89 5/31/2022 Sub Total $4,423.82 5904 Chase,Mark $277.05 5/31/2022 5905 Hoffman,Jeff $277.05 5/31/2022 5906 Horton,Pam $277.05 5/31/2022 5907 Hughes,Gary $277.05 5/31/2022 5908 Rockvam,Jerry $369.40 5/31/2022 Sub Total $1,477.60 Electronic Misc.Disbursements EFT#30836 PERA Employer Payroll Payment for 05/31/2022 $823.20 5/31/2022 EFT#30834 FICA Employee/Employer Payroll Withholding Taxes for 05/31/2022 $1,483.14 5/31/2022 EFT#30837 Aril 22'Sales&Use Taxes collected- 1st Qtr.2022 Bus.Utility Payments $145.00 5/16/2022 EFT#30835 May 22'Employee State Payroll Withholding Taxes $502.28 5/31/2022 EFT#30832 June 22'Opturn Bank-HSA Deposit for Employees $650.00 6/l/2022 EFT#30831 May 22'Sun Life LTD Insurance Premium $45.20 6/1/2022 EFT#30833 June 22'Health Partners Insurance Premium $2,107.33 5/27/2022 Sub Total $5,756.15 Claims:Ck#32826-32853 $180 264.24 5/26/2022 TOTALS $191,921.81 CITY OF SPRING PARK 06/01/22 1:27 PM Page 1 *Check Summary Register© Batch: 0 52322 PAY,0 52622 PAY Name Check Date Check Amt 10100 Wells Fargo Bank NA 32826 A TO Z ASPHALT INC. 5/26/2022 $1,450.00 Saw and patch services at Seton Village Townh 32827 CITY OF BLOOMINGTON 5/26/2022 $22.00 April 22'Water Testing Fee 32828 JAMES L.BRIMEYER 5/26/2022 $3,280.00 Interim City Administrator 05/02/222-05/13/22 32829 MARY CROSBY 5/26/2022 $192.81 Panicle Hydrangea Refund for damaged plant d 32830 DAN'S CLEANING SERVICE 5/26/2022 $358.40 City Hall Carpet Cleaning Services on 05/19/22 32831 EARL F.ANDERSEN, INC. 5/26/2022 $865.35 Purchase of No Parking,Tow Away Zone, Dea 32832 ECM PUBLISHERS, INC. 5/26/2022 $181.20 Publish June 6,2022 PH Property Tax Abatem 32833 FIVE TECHNOLOGY, INC. 5/26/2022 $680.00 IT Suppoprt for council email,SSL certificate,o 32834 GOPHER STATE ONE-CALL 5/26/2022 $33.75 April 22'-Locates-25 ea. 32835 HAWKINS, INC. 5/26/2022 $40.00 Purchase of four 150LB Chlorine Cylinders for 32836 MARK HODGES 5/26/2022 $192.00 Recording Services for Candidate Interview(05 32837 JAMIE K. HOFFMAN 5/26/2022 $44.38 Expense Reimb for Candidate Interview on May 32838 KENNEDY&GRAVEN,CHARTER 5/26/2022 $5,287.96 Legal Services for(4000 Sunset Drive Lot Line 32839 LAKE MTKA.CONSERVATION DI 5/26/2022 $1,231.50 LMCD 2nd Qtr.2022 Levy Payment 32840 METRO COUNCIL ENVIRON SER 5/26/2022 $20,097.07 June 22'Wastewater Treatment Monthly Fee 32841 MMKR&CO., P.A. 5/26/2022 $9,500.00 Progress billing for services thru 04/30/22 on a 32842 NORTHWEST ASSOC. CONSULT. 5/26/2022 $3,850.80 April 22'Planning Services-4000 Sunset Dr(. 32843 OPTUM BANK 5/26/2022 $11.25 Feb 22'HAS Monthly Maintenance Fee 32844 CITY OF ORONO 5/26/2022 $56,346.95 Reimb.for Orono Public Works purchase of he 32845 REPUBLIC SERVICES, INC 5/26/2022 $337.87 Document Destruction Services on 04/26/22 32846 RON SCHARA ENTERPRISES, LL 5/26/2022 $500.00 MN Bound Crappie Contest Permit No.SP-22-0 32847 SAMBATEK, INC. 5/26/2022 $27,804.01 Engi.Fees-General Services/Meetings(20.2 hr 32848 SPECIALIZED ENVIROMENTAL T 5/26/2022 $1,500.00 2022 Contracted Yard Waste Agreement with T 32849 THE STANDARD INSURANCE CO 5/26/2022 $3.40 To record&pay June 22'Life Insurance Premi 32850 US BANK 5/26/2022 $441.18 Office Supplies-Toilet Paper,door stopper,firs 32851 VESSCO, INC. 5/26/2022 $2,543.79 Purchase of vaccum regulator,standard injecto 32852 XCEL ENERGY 5/26/2022 $41,973.97 Advance payment for Black Lake Rd conversio 32853 REPUBLIC SERVICES, INC 5/26/2022 $1,494.60 April 22'Residential Recycling Services-04/01 Total Checks $180,264.24 CITY OF SPRING PARK 06/01/22 1:27 PM Page 1 *Check Detail Register© Batch:0 52322 PAY,0 52622 PAY Check# Check Date Vendor Name Amount Invoice Comment 10100 Wells Fargo Bank NA 32826 05/26/22 A TO Z ASPHALT INC. E 201-43100-528 Road Pavement Project 2 $1,450.00 000273 Saw and patch services at Seton Village Townhomes Total $1,450.00 32827 05/26/22 CITY OF BLOOMINGTON E 601-49400-306 Testing Fees $22.00 20699 April 22'Water Testing Fee Total $22.00 32828 05/26/22 JAMES L.BRIMEYER E 101-41500-101 Administrator $1,093.33 051322 Interim City Administrator 05/02/222-05/13/22 E 601-49400-101 Administrator $1,093.34 051322 Interim City Administrator 05/02/222-05/13/22 E 602-49450-101 Administrator $1,093.33 051322 Interim City Administrator 05/02/222-05/13/22 Total $3,280.00 32829 05/26/22 MARY CROSBY E 101-41500-437 Other Miscellaneous $192.81 332783 Panicle Hydrangea Refund for damaged plant during 2021 utility project Total $192.81 32830 05/26/22 DAN'S CLEANING SERVICE E 101-41900-310 Contracted Services $358.40 2145 City Hall Carpet Cleaning Services on 05/19/22 Total $358.40 32831 05/26/22 EARL F.ANDERSEN,INC. E 101-43100-226 Sign Repair Materials $865.35 0129494-IN Purchase of No Parking,Tow Away Zone, Dead End,and No Outlet Signs Total $865.35 32832 05/26/22 ECM PUBLISHERS,INC. E 101-41600-351 Legal Notices Publishing $107.95 043022 Publish Ordinance 22-01 and Ordinance 22-02 E 101-41600-351 Legal Notices Publishing $73.25 892261 Publish June 6,2022 PH Property Tax Abateme AD#1228751 Total $181.20 32833 05/26/22 FIVE TECHNOLOGY,INC. E 101-41500-330 IT Technology Support $680.00 P238-56 IT Suppoprt for council email,SSL certificate, onsite services and remote support to re-boot frozen laptop Tota 1 $680.00 32834 05/26/22 GOPHER STATE ONE-CALL E 601-49400-310 Contracted Services $16.87 2040748 April 22'-Locates-25 ea. E 602-49450-310 Contracted Services $16.88 2040748 April 22'-Locates-25 ea. Total $33.75 32835 05/26/22 HAWKINS,INC. E 601-49400-216 Chemicals and Chem Pro $40.00 6184705 Purchase of four 150LB Chlorine Cylinders for WTP Total $40.00 32836 05/26/22 MARK HODGES CITY OF SPRING PARK 06/01/22 1:27 PM Page 2 *Check Detail Register© Batch:052322 PAY,052622PAY Check# Check Date Vendor Name Amount Invoice Comment E 101-41100-109 Recording Service $192.00 05162022-SP Recording Services for Candidate Interview (05/10/22&05/16/22)and Planning Commission (05/11/22) Total $192.00 32837 05/26/22 JAMIE K.HOFFMAN E 101-41500-437 Other Miscellaneous $44.38 051022 Expense Reimb for Candidate Interview on May 10,2022 Total $44.38 32838 05/26/22 KENNEDY&GRAVEN,CHARTERED E 101-41600-304 Legal Fees $397.00 167212A Legal Services for(4000 Sunset Drive Lot Line Matter)-2.4 hrs-03/29/22-03/31/22 E 101-41600-304 Legal Fees $981.00 167212E Legal Services for General Municipal Matters (Review Agendas for Meetings)-5.45 hrs- 03/02/22-03/28/22 E 101-41600-304 Legal Fees $897.32 167625 Legal Services for(4000 Sunset Drive Lot Line Matter)-5.15 hrs-04/01/22-04/29/22 E 101-41600-304 Legal Fees $2,760.64 167625B Legal Services for General Municipal Matters (Review Agendas for Meetings)-15.2 hrs. 04/01/22-04/30/22 E 101-41600-304 Legal Fees $252.00 167625C Legal Services for Black Lake Rd Reconstruction Project-1.4 hrs 04/05/22-04/06/22 Total $5,287.96 32839 05/26/22 LAKE MTKA.CONSERVATION DIST. E 101-42100-310 Contracted Services $1,231.50 2022Q2SPar LMCD 2nd Qtr.2022 Levy Payment Total $1,231.50 32840 05/26/22 METRO COUNCIL ENVIRON SERVICES E 602-49450-327 MCES Sewer Service Chg $482.12 0001138868 Industrial Discharge Permit Fee for January- December,2022 E 602-49450-327 MCES Sewer Service Chg $19,614.95 0001139695 June 22'Wastewater Treatment Monthly Fee Total $20,097.07 32841 05/26/22 MMKR&CO., P.A. E 101-41500-301 Auditing Services $3,166.66 52545 Progress billing for services thru 04/30/22 on audit of financial statements year end 12/31/21 E 601-49400-301 Auditing Services $3,166.67 52545 Progress billing for services thru 04/30/22 on audit of financial statements year end 12/31/21 E 602-49450-301 Auditing Services $3,166.67 52545 Progress billing for services thru 04/30/22 on audit of financial statements year end 12/31/21 Total $9,500.00 32842 05/26/22 NORTHWEST ASSOC.CONSULT.,INC E 101-41900-310 Contracted Services $114.60 25804-1 April 22'Planning Services-4000 Sunset Dr(.6 hrs) E 101-41900-310 Contracted Services $34.60 25804-2 April 22'Planning Services-MTKA Yacht Club LMCD Dock Application(.2 hrs) E 101-41900-310 Contracted Services $1,107.80 25804-3 April 22'Planning Services-Yacht Club Text Amendment/CUPS(5.8 hrs) E 101-41900-310 Contracted Services $2,143.80 25804-4 April 22'Planning Services-General(11.8 hrs) E 101-41900-310 Contracted Services $450.00 25805 April 22'Planning Services-Meetings(7.1 hrs) Total $3,850.80 CITY OF SPRING PARK 06/01/22 1:27 PM Page 3 *Check Detail Register© Batch:052322 PAY,052622 PAY Check# Check Date Vendor Name Amount Invoice Comment 32843 05/26/22 OPTUM BANK E 101-41500-437 Other Miscellaneous $11.25 0001292674 Feb 22'HAS Monthly Maintenance Fee Total $11.25 32844 05/26/22 CITY OF ORONO E 101-41510-310 Contracted Services $5,305.56 20141982A April 22'Public Works Services E 601-49400-103 People Service/Orono $5,305.55 20141982A April 22'Public Works Services E 602-49450-103 People Service/Orono $5,305.56 20141982A April 22'Public Works Services E 101-42000-310 Contracted Services $39,296.52 20141982E April 22'Contracted Police Services E 101-41900-220 Repair/Maint Supply $164.08 20141987A Reimb.for Orono Public Works purchase of heater for Spring Park generator E 101-42000-313 Booking Per Diem/Jail Ch $75.00 20141987B Reimb for Feb 2022 Jail Charges E 602-49450-491 LS Repair/Maint $24.68 20141987C Reimb for antifreeze purchase for Lift Station#6 E 601-49400-206 GIS $435.00 20141987D Reimb for GIS Maintenance E 602-49450-206 GIS $435.00 20141987D Reimb for GIS Maintenance Total $56,346.95 32845 05/26/22 REPUBLIC SERVICES,INC E 101-41900-384 Refuse/Garbage Disposal $66.22 0894-005694 City Hall Garbage Pick-Up 04/01/22-05/31/22 E 101-45200-384 Refuse/Garbage Disposal $190.02 0894-005694 City Parks Garbage Pick-Up 04/01/22-05/31/22 E 101-41500-310 Contracted Services $27.21 0894-005712 Document Destruction Services on 04/26/22 E 601-49400-310 Contracted Services $27.21 0894-005712 Document Destruction Services on 04/26/22 E 602-49450-310 Contracted Services $27.21 0894-005712 Document Destruction Services on 04/26/22 Total $337.87 32846 05/26/22 RON SCHARA ENTERPRISES,LLC E 101-41500-437 Other Miscellaneous $500.00 SP2201 MN Bound Crappie Contest Permit No.SP-22- 01SPEV-Escrow Refund Total $500.00 32847 05/26/22 SAMBATEK, INC. E 201-43100-529 Black Lake Rd Feasibility $19,746.08 21780 Engi.Fees- Black Lake Road- Roadway Design/Survey/Addi.Services/Reimb.Exp.(137 hrs) 03/13/22-04/16/22 E 101-41910-303 Engineering Fees $2,979.93 21794 Engi.Fees-General Services/Meetings(20.2 hrs) 03/13/22-04/16/22 E 201-43100-528 Road Pavement Project 2 $5,078.00 21796 Engi. Fees-West Arm Road Pavement Project- Construction Services(35.5 hrs)03/13/22-04/16/22 Total $27,804.01 32848 05/26/22 SPECIALIZED ENVIROMENTAL TECHN E 101-42800-310 Contracted Services $1,500.00 106020802 2022 Contracted Yard Waste Agreement with The Mulch Store 04/11/22-11/30/22 Total $1,500.00 32849 05/26/22 THE STANDARD INSURANCE COMPANY E 101-41500-121 PERA/FICA/Hosp Ins $1.13 052422 To record&pay June 22'Life Insurance Premium E 601-49400-121 PERA/FICA/Hosp Ins $1.13 052422 To record&pay June 22'Life Insurance Premium E 602-49450-121 PERA/FICA/Hosp Ins $1.14 052422 To record&pay June 22'Life Insurance Premium Total $3.40 32850 05/26/22 US BANK CITY OF SPRING PARK 06/01/22 1:27 PM Page 4 *Check Detail Register© Batch: 052322 PAY,052622 PAY Check# Check Date Vendor Name Amount Invoice Comment E 101-41500-200 Office Supplies $319.18 050622A Office Supplies-Toilet Paper,door stopper,first aid kit E 101-41500-433 Membership/Dues/Edu $40.66 050622E May 22'Microsoft Fee and MNGFOA Membership for Patria E 601-49400-433 Membership/Dues/Edu $40.67 050622E May 22'Microsoft Fee and MNGFOA Membership for Patria E 602-49450-433 Membership/Dues/Edu $40.67 050622E May 22'Microsoft Fee and MNGFOA Membership for Patria Total $441.18 32851 05/26/22 VESSCO,INC. E 601-49400-220 Repair/Maint Supply $2,543.79 087413 Purchase of vaccum regulator,standard injector, rotameter,o-ring,grab ring,tubing and services Total $2,543.79 32852 05/26/22 XCEL ENERGY E 201-43100-529 Black Lake Rd Feasibility $41,973.97 967227917 Advance payment for Black Lake Rd conversion of electrical infrastructure to underground. Contract #2258517 Account#51-0014030480-0 Total $41,973.97 32853 05/26/22 REPUBLIC SERVICES, INC E 101-42900-310 Contracted Services $1,494.60 0894-005687 April 22'Residential Recycling Services-04/01/22- 04/30/22 Total $1,494.60 10100 Wells Fargo Bank NA $180,264.24 Fund Summary 10100 Wells Fargo Bank NA 101 GENERAL FUND $69,115.75 201 PUBLIC IMPROV REVOLVING FUND $68,248.05 601 WATER FUND $12,692.23 602 SEWER FUND $30,208.21 $180,264.24 CITY OF SPRING PARK 06/01/22 1:29 PM *Budget YTD Rev-Exp© Page 1 Current Period: May 2022 2022 2022 May 2022 %of YTD Budget YTD Amt MTD Amt YTD Balance Budget GENERAL FUND Revenues $1,348,210.00 $124,354.46 $22,524.89 $1,223,855.54 9.22% Expenditures $1,391,000.00 $631,180.71 $102,160.14 $759,819.29 45.38% Gain/(Loss) ($42,790.00) ($506,826.25) ($79,635.25) $464,036.25 1184.45% Revenue Active R 101-31010 Current Ad Valorem T $1,173,210.00 $9,544.43 $0.00 $1,163,665.57 0.81% Active R 101-31090 In Lieu of Taxes $34,000.00 $0.00 $0.00 $34,000.00 0.00% Active R 101-32000 Dock Licenses $1,000.00 $1,000.00 $1,000.00 $0.00 100.00% Active R 101-32105 Cigarette Permits $100.00 $50.00 $50.00 $50.00 50.00% Active R 101-32110 Alchoholic Beverages $14,750.00 $14,596.00 $14,596.00 $154.00 98.96% Active R 101-32120 Sign Permits $250.00 $0.00 $0.00 $250.00 0.00% Active R 101-32160 Garbage Haulers $1,000.00 $750.00 $0.00 $250.00 75.00% Active R 101-32170 Amusements $2,500.00 $2,658.50 $2,658.50 ($158.50) 106.34% Active R 101-32180 Other Licenses/Permit $10,000.00 $8,211.61 $2,560.56 $1,788.39 82.12% Active R 101-32210 Building Permits $30,000.00 $28,792.75 $843.00 $1,207.25 95.98% Active R 101-32215 Building Permit-Surch $0.00 ($401.02) $24.09 $401.02 0.00% Active R 101-33100 Grants and Aids $5,000.00 $5,000.00 $0.00 $0.00 100.00% Active R 101-33404 PERA Aid $700.00 $0.00 $0.00 $700.00 0.00% Active R 101-33620 Recycling $2,200.00 $0.00 $0.00 $2,200.00 0.00% Active R 101-34103 Variance/CUP Reques $1,000.00 $500.00 $500.00 $500.00 50.00% Active R 101-34104 Plan Check Fee $20,000.00 $17,545.12 $292.74 $2,454.88 87.73% Active R 101-34105 Dance&Police Fees $2,000.00 $2,250.00 $0.00 ($250.00) 112.50% Active R 101-34401 Recycling Apartments $0.00 $0.00 $0.00 $0.00 0.00% Active R 101-35100 Court Fines $10,000.00 $3,918.00 $0.00 $6,082.00 39.18% Active R 101-36100 Special Assessments $0.00 $0.00 $0.00 $0.00 0.00% Active R 101-36210 Interest Earnings $5,000.00 $363.86 $0.00 $4,636.14 7.28% Active R 101-39102 LMCIT Dividend $2,500.00 $0.00 $0.00 $2,500.00 0.00% Active R 101-39104 Other Revenue $3,000.00 $29,575.21 $0.00 ($26,575.21) 985.84% Active R 101-39203 Trsfr from General Fun $30,000.00 $0.00 $0.00 $30,000.00 0.00% Total Revenue $1,348,210.00 $124,354.46 $22,524.89 $1,223,855.54 9.22% Expenditure Active E 101-41100-105 Salaries $19,200.00 $8,000.00 $1,600.00 $11,200.00 41.67% Active E 101-41100-109 Recording Service $800.00 $432.00 $252.00 $368.00 54.00% Active E 101-41100-121 PERA/FICA/Hosp $2,000.00 $612.00 $122.40 $1,388.00 30.60% Active E 101-41100-437 Other Miscellaneo $1,000.00 $0.00 $0.00 $1,000.00 0.00% Active E 101-41410-105 Salaries $5,000.00 $0.00 $0.00 $5,000.00 0.00% Active E 101-41410-200 Office Supplies $500.00 $0.00 $0.00 $500.00 0.00% Active E 101-41410-351 Legal Notices Pub $0.00 $0.00 $0.00 $0.00 0.00% Active E 101-41410-437 Other Miscellaneo $3,000.00 $1,011.60 $0.00 $1,988.40 33.72% Active E 1 01-4 1 500-1 01 Administrator $40,000.00 $12,768.37 $2,240.00 $27,231.63 31.92% Active E 101-41500-102 Clerk $26,500.00 $10,738.39 $2,118.20 $15,761.61 40.52% Active E 101-41500-107 Office Assistant $18,000.00 $9,207.97 $1,513.00 $8,792.03 51.16% Active E 101-41500-119 Ordinance Codific $2,000.00 $225.00 $0.00 $1,775.00 11.25% Active E 101-41500-121 PERA/FICA/Hosp $34,000.00 $10,820.59 $1,499.23 $23,179.41 31.83% Active E 101-41500-200 Office Supplies $500.00 $683.16 $319.18 ($183.16) 136.63% Active E 101-41500-207 Computer Support $1,500.00 $831.28 $0.00 $668.72 55.42% Active E 101-41500-299 Admin Expenses $1,000.00 $679.00 $0.00 $321.00 67.90% Active E 101-41500-301 Auditing Services $7,000.00 $3,833.32 $3,166.66 $3,166.68 54.76% Active E 101-41500-302 Accounting Servic $675.00 $1,471.33 $0.00 ($796.33) 217.97% Active E 101-41500-310 Contracted Servic $2,000.00 $2,304.72 $180.18 ($304.72) 115.24% CITY OF SPRING PARK 06/01/22 1:29 PM *Budget YTD Rev-Exp© Page 2 Current Period: May 2022 2022 2022 May 2022 %of YTD Budget YTD Amt MTD Amt YTD Balance Budget Active E 101-41500-321 Telephone and Mt $125.00 $417.65 $83.45 ($292.65) 334.12% Active E 101-41500-322 Postage&Meter $900.00 $354.19 $0.00 $545.81 39.35% Active E 101-41500-323 Web Host $200.00 $220.00 $0.00 ($20.00) 110.00% Active E 101-41500-324 Internet Service $300.00 $0.00 $0.00 $300.00 0.00% Active E 101-41500-330 IT Technology Su $3,000.00 $1,053.34 $680.00 $1,946.66 35.11% Active E 101-41500-350 Print/Binding $1,200.00 $370.72 $0.00 $829.28 30.89% Active E 101-41500-361 Liability/Prop Ins/ $7,800.00 $7,236.30 $7,236.30 $563.70 92.77% Active E 1 01-4 1 500-4 1 3 Office Equipment/ $1,500.00 $2,208.76 $65.40 ($708.76) 147.25% Active E 101-41500-433 Membership/Dues $5,000.00 $1,375.31 $40.66 $3,624.69 27.51% Active E 101-41500-437 Other Miscellaneo $5,000.00 $2,267.18 $947.25 $2,732.82 45.34% Active E 101-41500-439 Other-TIF $2,500.00 $896.91 $0.00 $1,603.09 35.88% Active E 101-41500-581 Historical Society $3,000.00 $3,000.00 $0.00 $0.00 100.00% Active E 101-41510-310 Contracted Servic $18,000.00 $22,548.62 $5,305.56 ($4,548.62) 125.27% Active E 101-41550-310 Contracted Servic $21,000.00 $0.00 $0.00 $21,000.00 0.00% Active E 101-41600-304 Legal Fees $20,000.00 $11,135.10 $5,287.96 $8,864.90 55.68% Active E 101-41600-351 Legal Notices Pub $1,000.00 $959.92 $181.20 $40.08 95.99% Active E 101-41600-353 Ordinance Publica $500.00 $38.55 $0.00 $461.45 7.71% Active E 101-41900-105 Salaries $0.00 $0.00 $0.00 $0.00 0.00% Active E 101-41900-106 Mowing Contract $8,000.00 $0.00 $0.00 $8,000.00 0.00% Active E 101-41900-215 Shop Supplies $250.00 $143.75 $12.99 $106.25 57.50% Active E 101-41900-220 Repair/Maint Supp $250.00 $164.08 $164.08 $85.92 65.63% Active E 101-41900-310 Contracted Servic $5,500.00 $6,683.40 $4,584.20 ($1,183.40) 121.52% Active E 101-41900-316 Tree Maintenance $1,000.00 $0.00 $0.00 $1,000.00 0.00% Active E 101-41900-361 Liability/Prop Ins/ $3,500.00 $3,618.15 $3,618.15 ($118.15) 103.38% Active E 101-41900-381 Utilities/Electric/G $3,500.00 $1,220.07 $213.12 $2,279.93 34.86% Active E 101-41900-384 Refuse/Garbage D $500.00 $142.79 $66.22 $357.21 28.56% Active E 101-41900-401 Repairs/Maint Buil $2,000.00 $0.00 $0.00 $2,000.00 0.00% Active E 101-41900-404 Repairs/Existing E $500.00 $0.00 $0.00 $500.00 0.00% Active E 101-41900-410 Facility Lease $0.00 $0.00 $0.00 $0.00 0.00% Active E 101-41900-437 Other Miscellaneo $250.00 $0.00 $0.00 $250.00 0.00% Active E 101-41910-303 Engineering Fees $15,000.00 $6,702.38 $2,979.93 $8,297.62 44.68% Active E 101-41910-304 Legal Fees $0.00 $0.00 $0.00 $0.00 0.00% Active E 101-41910-310 Contracted Servic $30,000.00 $9,864.40 $0.00 $20,135.60 32.88% Active E 101-41940-431 Flags/Banners/Mai $15,000.00 $0.00 $0.00 $15,000.00 0.00% Active E 101-41940-432 Landscaping/Gard $37,000.00 $0.00 $0.00 $37,000.00 0.00% Active E 101-42000-304 Legal Fees $12,000.00 $5,000.00 $4,000.00 $7,000.00 41.67% Active E 101-42000-310 Contracted Servic $473,870.00 $195,712.08 $39,296.52 $278,157.92 41.30% Active E 101-42000-312 Workhouse Exp R $200.00 $0.00 $0.00 $200.00 0.00% Active E 101-42000-313 Booking Per Diem $1,000.00 $75.00 $75.00 $925.00 7.50% Active E 101-42000-321 Telephone and Mt $1,000.00 $0.00 $0.00 $1,000.00 0.00% Active E 101-42000-324 Internet Service $800.00 $592.75 $118.64 $207.25 74.09% Active E 101-42100-310 Contracted Servic $6,000.00 $2,463.00 $1,231.50 $3,537.00 41.05% Active E 101-42260-310 Contracted Servic $171,980.00 $85,990.00 $0.00 $85,990.00 50.00% Active E 101-42400-305 Plan Check Fees $15,000.00 $3,845.89 $1,085.03 $11,154.11 25.64% Active E 101-42400-310 Contracted Servic $30,000.00 $9,458.73 $3,134.30 $20,541.27 31.53% Active E 101-42800-310 Contracted Servic $20,000.00 $1,500.00 $1,500.00 $18,500.00 7.50% Active E 101-42900-310 Contracted Servic $14,500.00 $5,997.48 $1,494.60 $8,502.52 41.36% Active E 101-43100-226 Sign Repair Mated $500.00 $946.40 $865.35 ($446.40) 189.28% Active E 101-43100-227 Street Light Repai $2,500.00 $0.00 $0.00 $2,500.00 0.00% Active E 101-43100-302 Accounting Servic $0.00 $0.00 $0.00 $0.00 0.00% Active E 101-43100-303 Engineering Fees $5,000.00 $0.00 $0.00 $5,000.00 0.00% CITY OF SPRING PARK 06/01/22 1:29 PM *Budget YTD Rev-Exp© Page 3 Current Period: May 2022 2022 2022 May 2022 %of YTD Budget YTD Amt MTD Amt YTD Balance Budget Active E 101-43100-308 Street Sweeping $4,500.00 $0.00 $0.00 $4,500.00 0.00% Active E 101-43100-310 Contracted Servic $1,500.00 $0.00 $0.00 $1,500.00 0.00% Active E 101-43100-315 Sidewalk Repair $2,000.00 $0.00 $0.00 $2,000.00 0.00% Active E 101-43100-316 Tree Maintenance $3,500.00 $0.00 $0.00 $3,500.00 0.00% Active E 101-43100-361 Liability/Prop Ins/ $2,750.00 $2,412.10 $2,412.10 $337.90 87.71% Active E 101-43100-381 Utilities/Electric/G $16,000.00 $7,625.51 $1,073.71 $8,374.49 47.66% Active E 101-43100-399 Storm Damage $1,000.00 $0.00 $0.00 $1,000.00 0.00% Active E 101-43100-402 Repairs/Maint Stre $7,500.00 $0.00 $0.00 $7,500.00 0.00% Active E 101-43100-410 Facility Lease $0.00 $0.00 $0.00 $0.00 0.00% Active E 101-43101-307 Snow Removal-S $15,000.00 $9,742.50 $0.00 $5,257.50 64.95% Active E 101-43101-309 Snow Plowing-St $20,000.00 $18,653.75 $0.00 $1,346.25 93.27% Active E 101-43101-318 Street Salt-Sandin $25,000.00 $18,912.50 $0.00 $6,087.50 75.65% Active E 101-43150-303 Engineering Fees $5,000.00 $0.00 $0.00 $5,000.00 0.00% Active E 101-43150-402 Repairs/Maint Stre $5,000.00 $0.00 $0.00 $5,000.00 0.00% Active E 101-45180-310 Contracted Servic $11,000.00 $0.00 $0.00 $11,000.00 0.00% Active E 101-45200-105 Salaries $0.00 $0.00 $0.00 $0.00 0.00% Active E 101-45200-106 Mowing Contract $7,500.00 $0.00 $0.00 $7,500.00 0.00% Active E 101-45200-310 Contracted Servic $6,000.00 $249.63 $0.00 $5,750.37 4.16% Active E 101-45200-316 Tree Maintenance $2,000.00 $0.00 $0.00 $2,000.00 0.00% Active E 101-45200-361 Liability/Prop Ins/ $1,250.00 $1,206.05 $1,206.05 $43.95 96.48% Active E 101-45200-381 Utilities/Electric/G $750.00 $0.00 $0.00 $750.00 0.00% Active E 101-45200-384 Refuse/Garbage D $1,500.00 $261.60 $190.02 $1,238.40 17.44% Active E 101-45200-404 Repairs/Existing E $2,000.00 $144.53 $0.00 $1,855.47 7.23% Active E 101-45200-410 Facility Lease $0.00 $0.00 $0.00 $0.00 0.00% Active E 101-46000-310 Contracted Servic $450.00 $235.00 $0.00 $215.00 52.22% Active E 101-47500-601 Debt Sry Bond Pri $106,250.00 $106,280.00 $0.00 ($30.00) 100.03% Active E 101-47500-611 Bond Interest $10,250.00 $7,160.91 $0.00 $3,089.09 69.86% Active E 101-47500-620 Fiscal Agent s Fee $1,000.00 $475.00 $0.00 $525.00 47.50% Total Expenditure ($1,391,000.00) ($631,180.71) ($102,160.14) ($759,819.29) 45.38% Total GENERAL FUND ($42,790.00) ($506,826.25) ($79,635.25) $464,036.25 1184.45% PUBLIC IMPROV REVOLVING FUND Revenues $0.00 $0.00 $0.00 $0.00 0.00% Expenditures $0.00 $210,169.58 $68,248.05 -$210,169.58 0.00% Gain/(Loss) $0.00 ($210,169.58) ($68,248.05) $210,169.58 0.00% Revenue Active R 201-36210 Interest Earnings $0.00 $0.00 $0.00 $0.00 0.00% Active R 201-39108 Inter.Gov.Aid $0.00 $0.00 $0.00 $0.00 0.00% Total Revenue $0.00 $0.00 $0.00 $0.00 0.00% Expenditure Active E 201-41900-520 City Hall Ramp Pr $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-41900-521 Records Presevati $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-41900-522 Sidewalk/ADA Pro $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-41900-527 City Hall Improve $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-41900-723 Playgrounds $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-43100-227 Street Light Repai $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-43100-407 Seal Coating $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-43100-501 West Arm West F $0.00 $44,691.39 $0.00 ($44,691.39) 0.00% Active E 201-43100-528 Road Pavement P $0.00 $13,091.50 $6,528.00 ($13,091.50) 0.00% Active E 201-43100-529 Black Lake Rd Fe $0.00 $149,994.19 $61,720.05 ($149,994.19) 0.00% Active E 201-43100-724 Comprehensive PI $0.00 $0.00 $0.00 $0.00 0.00% CITY OF SPRING PARK 06/01/22 1:29 PM *Budget YTD Rev-Exp© Page 4 Current Period: May 2022 2022 2022 May 2022 %of YTD Budget YTD Amt MTD Amt YTD Balance Budget Active E 201-43150-209 West Arm Road E $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-43150-402 Repairs/Maint Stre $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-43200-526 West Arm Road $0.00 $2,392.50 $0.00 ($2,392.50) 0.00% Active E 201-43200-599 Water&Sewer Inf $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-43200-724 Comprehensive PI $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-45200-518 Thor Thompson P $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-47500-620 Fiscal Agent s Fee $0.00 $0.00 $0.00 $0.00 0.00% Active E 201-49999-720 Operating Transfe $0.00 $0.00 $0.00 $0.00 0.00% Total Expenditure $0.00 ($210,169.58) ($68,248.05) $210,169.58 0.00% Total PUBLIC IMPROV REVOLVING FUND $0.00 ($210,169.58) ($68,248.05) $210,169.58 0.00% HOUSING DEV PROJ FUND(TIF) Revenues $0.00 $0.00 $0.00 $0.00 0.00% Expenditures $0.00 $0.00 $0.00 $0.00 0.00% Gain/(Loss) $0.00 $0.00 $0.00 $0.00 0.00% Expenditure Active E 202-46500-301 Auditing Services $0.00 $0.00 $0.00 $0.00 0.00% Active E 202-46500-304 Legal Fees $0.00 $0.00 $0.00 $0.00 0.00% Active E 202-46500-437 Other Miscellaneo $0.00 $0.00 $0.00 $0.00 0.00% Active E 202-49999-720 Operating Transfe $0.00 $0.00 $0.00 $0.00 0.00% Total Expenditure $0.00 $0.00 $0.00 $0.00 0.00% Total HOUSING DEV PROJ FUND(TIF) $0.00 $0.00 $0.00 $0.00 0.00% CAPITAL SPEC REV FUND Revenues $0.00 $254.56 $0.00 -$254.56 0.00% Expenditures $0.00 $0.00 $0.00 $0.00 0.00% Gain/(Loss) $0.00 $254.56 $0.00 ($254.56) 0.00% Revenue Active R 203-36210 Interest Earnings $0.00 $254.56 $0.00 ($254.56) 0.00% Total Revenue $0.00 $254.56 $0.00 ($254.56) 0.00% Expenditure Active E 203-43200-515 Sunset Drive Impr $0.00 $0.00 $0.00 $0.00 0.00% Active E 203-46500-301 Auditing Services $0.00 $0.00 $0.00 $0.00 0.00% Active E 203-46500-304 Legal Fees $0.00 $0.00 $0.00 $0.00 0.00% Active E 203-46500-437 Other Miscellaneo $0.00 $0.00 $0.00 $0.00 0.00% Active E 203-49999-720 Operating Transfe $0.00 $0.00 $0.00 $0.00 0.00% Total Expenditure $0.00 $0.00 $0.00 $0.00 0.00% Total CAPITAL SPEC REV FUND $0.00 $254.56 $0.00 ($254.56) 0.00% TIF LAKEVIEW LOFTS Revenues $0.00 $64.91 $0.00 -$64.91 0.00% Expenditures $0.00 $0.00 $0.00 $0.00 0.00% Gain/(Loss) $0.00 rr,1 $0.00 ($64.91) 0.00% Revenue Active R 204-36210 Interest Earnings $0.00 $64.91 $0.00 ($64.91) 0.00% Total Revenue $0.00 $64.91 $0.00 ($64.91) 0.00% Expenditure Active E 204-46500-439 Other-TIF $0.00 $0.00 $0.00 $0.00 0.00% Active E 204-49999-720 Operating Transfe $0.00 $0.00 $0.00 $0.00 0.00% Total Expenditure $0.00 $0.00 $0.00 $0.00 0.00% CITY OF SPRING PARK 06/01/22 1:29 PM *Budget YTD Rev-Exp© Page 5 Current Period: May 2022 2022 2022 May 2022 %of YTD Budget YTD Amt MTD Amt YTD Balance Budget Total TIF LAKEVIEW LOFTS $0.00 $64.91 $0.00 ($64.91) 0.00% TIF PRESBYTERIAN HOMES Revenues $160,000.00 $30.58 $0.00 $159,969.42 0.02% Expenditures $150,000.00 $70,477.88 $0.00 $79,522.12 46.99% Gain/(Loss) $10,000.00 ($70,447.30) $0.00 $80,447.30 -704.47% Revenue Active R 205-31050 Tax Increments $160,000.00 $0.00 $0.00 $160,000.00 0.00% Active R 205-36210 Interest Earnings $0.00 $30.58 $0.00 ($30.58) 0.00% Total Revenue $160,000.00 $30.58 $0.00 $159,969.42 0.02% Expenditure Active E 205-46500-439 Other-TIF $150,000.00 $70,477.88 $0.00 $79,522.12 46.99% Total Expenditure ($150,000.00) ($70,477.88) $0.00 ($79,522.12) 46.99% Total TIF PRESBYTERIAN HOMES $10,000.00 ($70,447.30) $0.00 $80,447.30 -704.47% TIF DEBT SERVICE Revenues $0.00 $0.00 $0.00 $0.00 0.00% Expenditures $0.00 $0.00 $0.00 $0.00 0.00% Gain/(Loss) $0.00 $0.00 $0.00 $0.00 0.00% Revenue Active R 301-36210 Interest Earnings $0.00 $0.00 $0.00 $0.00 0.00% Total Revenue $0.00 $0.00 $0.00 $0.00 0.00% Expenditure Active E 301-47500-437 Other Miscellaneo $0.00 $0.00 $0.00 $0.00 0.00% Active E 301-47500-601 Debt Sry Bond Pri $0.00 $0.00 $0.00 $0.00 0.00% Active E 301-47500-611 Bond Interest $0.00 $0.00 $0.00 $0.00 0.00% Active E 301-47500-620 Fiscal Agent s Fee $0.00 $0.00 $0.00 $0.00 0.00% Total Expenditure $0.00 $0.00 $0.00 $0.00 0.00% Total TIF DEBT SERVICE $0.00 $0.00 $0.00 $0.00 0.00% 2010A GO BONDS Revenues $0.00 $20.36 $0.00 -$20.36 0.00% Expenditures $0.00 $0.00 $0.00 $0.00 0.00% Gain/(Loss) $0.0020.36 $0.00 ($20.36) 0.00% Revenue Active R 302-31010 Current Ad Valorem T $0.00 $0.00 $0.00 $0.00 0.00% Active R 302-36210 Interest Earnings $0.00 $20.36 $0.00 ($20.36) 0.00% Total Revenue $0.00 $20.36 $0.00 ($20.36) 0.00% Expenditure Active E 302-47500-601 Debt Sry Bond Pri $0.00 $0.00 $0.00 $0.00 0.00% Active E 302-47500-611 Bond Interest $0.00 $0.00 $0.00 $0.00 0.00% Active E 302-47500-620 Fiscal Agent s Fee $0.00 $0.00 $0.00 $0.00 0.00% Total Expenditure $0.00 $0.00 $0.00 $0.00 0.00% Total 2010A GO BONDS $0.00 $20.36 $0.00 ($20.36) 0.00% 2015 GO BONDS Revenues $0.00 $107.01 $0.00 -$107.01 0.00% Expenditures $0.00 $0.00 $0.00 $0.00 0.00% Gain/(Loss) $0.00 $107.01 $0.00 ($107.01) 0.00% Revenue CITY OF SPRING PARK 06/01/22 1:29 PM *Budget YTD Rev-Exp© Page 6 Current Period: May 2022 2022 2022 May 2022 %of YTD Budget YTD Amt MTD Amt YTD Balance Budget Active R 303-31010 Current Ad Valorem T $0.00 $0.00 $0.00 $0.00 0.00% Active R 303-36100 Special Assessments $0.00 $0.00 $0.00 $0.00 0.00% Active R 303-36210 Interest Earnings $0.00 $107.01 $0.00 ($107.01) 0.00% Total Revenue $0.00 $107.01 $0.00 ($107.01) 0.00% Expenditure Active E 303-47500-601 Debt Sry Bond Pri $0.00 $0.00 $0.00 $0.00 0.00% Active E 303-47500-611 Bond Interest $0.00 $0.00 $0.00 $0.00 0.00% Total Expenditure $0.00 $0.00 $0.00 $0.00 0.00% Total 2015 GO BONDS $0.00 $107.01 $0.00 ($107.01) 0.00% CHANNEL ROAD Revenues $0.00 $0.00 $0.00 $0.00 0.00% Expenditures $0.00 $0.00 $0.00 $0.00 0.00% Gain/(Loss) $0.00 $0.00 $0.00 $0.00 0.00% Expenditure Active E 401-49999-720 Operating Transfe $0.00 $0.00 $0.00 $0.00 0.00% Total Expenditure $0.00 $0.00 $0.00 $0.00 0.00% Total CHANNEL ROAD $0.00 $0.00 $0.00 $0.00 0.00% KINGS RDIWARREN DRAINAGE IMPRV Revenues $0.00 $0.00 $0.00 $0.00 0.00% Expenditures $0.00 $0.00 $0.00 $0.00 0.00% Gain/(Loss) $0.00 $0.00 $0.00 $0.00 0.00% Revenue On Hold R 402-36210 Interest Earnings $0.00 $0.00 $0.00 $0.00 0.00% Total Revenue $0.00 $0.00 $0.00 $0.00 0.00% Total KINGS RD/WARREN DRAINAGE IMPRV $0.00 $0.00 $0.00 $0.00 0.00% WATER FUND Revenues $355,000.00 $135,939.63 $52,242.09 $219,060.37 38.29% Expenditures $334,300.00 $198,612.29 $28,592.53 $135,687.71 59.41% Gain/(Loss) $20,700.00 ($62,672.66) $23,649.56 $83,372.66 -302.77% Revenue Active R 601-33100 Grants and Aids $0.00 $0.00 $0.00 $0.00 0.00% Active R 601-33439 PERA Pension Reven $0.00 $0.00 $0.00 $0.00 0.00% Active R 601-36210 Interest Earnings $20,000.00 $679.04 $0.00 $19,320.96 3.40% Active R 601-37100 Water Sales $315,000.00 $130,289.63 $50,376.80 $184,710.37 41.36% Active R 601-37150 Meter Deposit&Permi $250.00 $0.00 $0.00 $250.00 0.00% Active R 601-37151 Connect/Reconnect Fe $1,500.00 $180.00 $60.00 $1,320.00 12.00% Active R 601-37160 Water Penalty $8,250.00 $527.52 $142.98 $7,722.48 6.39% Active R 601-39100 Testing Fees $10,000.00 $4,262.77 $1,662.31 $5,737.23 42.63% Active R 601-39104 Other Revenue $0.00 $0.67 $0.00 ($0.67) 0.00% Active R 601-39311 Trsfr from Water Fund $0.00 $0.00 $0.00 $0.00 0.00% Total Revenue $355,000.00 $135,939.63 $52,242.09 $219,060.37 38.29% Expenditure Active E 601-47500-601 Debt Sry Bond Pri $56,800.00 $56,240.00 $0.00 $560.00 99.01% Active E 601-47500-611 Bond Interest $12,000.00 $4,732.41 $0.00 $7,267.59 39.44% Active E 601-47500-620 Fiscal Agent s Fee $0.00 $0.00 $0.00 $0.00 0.00% Active E 601-49400-101 Administrator $30,000.00 $8,607.22 $2,240.00 $21,392.78 28.69% Active E 601-49400-102 Clerk $28,000.00 $10,422.56 $2,055.90 $17,577.44 37.22% Active E 601-49400-103 People Service/Or $37,000.00 $22,548.61 $5,305.55 $14,451.39 60.94% CITY OF SPRING PARK 06/01/22 1:29 PM *Budget YTD Rev-Exp© Page 7 Current Period: May 2022 2022 2022 May 2022 %of YTD Budget YTD Amt MTD Amt YTD Balance Budget Active E 601-49400-107 Office Assistant $18,000.00 $8,943.99 $1,468.50 $9,056.01 49.69% Active E 601-49400-121 PERA/FICA/Hosp $22,000.00 $10,224.07 $1,483.08 $11,775.93 46.47% Active E 601-49400-129 Pension Expense $0.00 $0.00 $0.00 $0.00 0.00% Active E 601-49400-200 Office Supplies $500.00 $159.22 $0.00 $340.78 31.84% Active E 601-49400-201 Meters&Supplies $3,000.00 $1,500.78 $0.00 $1,499.22 50.03% Active E 601-49400-206 GIS $0.00 $435.00 $435.00 ($435.00) 0.00% Active E 601-49400-207 Computer Support $2,000.00 $831.28 $0.00 $1,168.72 41.56% Active E 601-49400-215 Shop Supplies $250.00 $5,088.00 $0.00 ($4,838.00) 2035.20% Active E 601-49400-216 Chemicals and Ch $4,000.00 $857.93 $40.00 $3,142.07 21.45% Active E 601-49400-220 Repair/Maint Supp $2,500.00 $2,776.28 $2,543.79 ($276.28) 111.05% Active E 601-49400-299 Admin Expenses $500.00 $421.72 $0.00 $78.28 84.34% Active E 601-49400-301 Auditing Services $7,000.00 $3,833.34 $3,166.67 $3,166.66 54.76% Active E 601-49400-302 Accounting Servic $2,500.00 $1,471.33 $0.00 $1,028.67 58.85% Active E 601-49400-303 Engineering Fees $3,000.00 $0.00 $0.00 $3,000.00 0.00% Active E 601-49400-306 Testing Fees $3,000.00 $1,195.00 $22.00 $1,805.00 39.83% Active E 601-49400-310 Contracted Servic $5,000.00 $10,627.31 $91.23 ($5,627.31) 212.55% Active E 601-49400-321 Telephone and Mt $1,000.00 $417.63 $83.44 $582.37 41.76% Active E 601-49400-322 Postage&Meter $500.00 $329.25 $0.00 $170.75 65.85% Active E 601-49400-323 Web Host $250.00 $220.00 $0.00 $30.00 88.00% Active E 601-49400-324 Internet Service $1,000.00 $592.71 $118.63 $407.29 59.27% Active E 601-49400-330 IT Technology Su $4,000.00 $373.32 $0.00 $3,626.68 9.33% Active E 601-49400-350 Print/Binding $0.00 $307.08 $0.00 ($307.08) 0.00% Active E 601-49400-361 Liability/Prop Ins/ $5,500.00 $5,306.62 $5,306.62 $193.38 96.48% Active E 601-49400-381 Utilities/Electric/G $28,000.00 $14,619.41 $2,988.29 $13,380.59 52.21% Active E 601-49400-400 Repairs/Maint Gen $10,000.00 $1,790.52 $0.00 $8,209.48 17.91% Active E 601-49400-405 Depreciation $0.00 $0.00 $0.00 $0.00 0.00% Active E 601-49400-410 Facility Lease $0.00 $0.00 $0.00 $0.00 0.00% Active E 601-49400-411 Repairs/Breaks $45,000.00 $21,135.49 $1,137.76 $23,864.51 46.97% Active E 601-49400-413 Office Equipment/ $1,500.00 $2,263.54 $65.40 ($763.54) 150.90% Active E 601-49400-433 Membership/Dues $500.00 $340.67 $40.67 $159.33 68.13% Active E 601-49400-437 Other Miscellaneo $0.00 $0.00 $0.00 $0.00 0.00% Total Expenditure ($334,300.00) ($198,612.29) ($28,592.53) ($135,687.71) 59.41% Total WATER FUND $20,700.00 ($62,672.66) $23,649.56 $83,372.66 -302.77% SEWER FUND Revenues $454,500.00 $204,493.29 $77,106.15 $250,006.71 44.99% Expenditures $586,577.00 $293,702.06 $41,522.87 $292,874.94 50.07% Gain/(Loss) ($132,077.00) ($89,208.77) $35,583.28 ($42,868.23) 67.54% Revenue Active R 602-33100 Grants and Aids $0.00 $0.00 $0.00 $0.00 0.00% Active R 602-33439 PERA Pension Reven $0.00 $0.00 $0.00 $0.00 0.00% Active R 602-36210 Interest Earnings $2,500.00 $0.00 $0.00 $2,500.00 0.00% Active R 602-37200 Sewer Sales $450,000.00 $203,637.19 $76,883.28 $246,362.81 45.25% Active R 602-37260 Swr Penalty $2,000.00 $855.43 $222.87 $1,144.57 42.77% Active R 602-39104 Other Revenue $0.00 $0.67 $0.00 ($0.67) 0.00% Active R 602-39312 Trsfr from Sewer Fund $0.00 $0.00 $0.00 $0.00 0.00% Total Revenue $454,500.00 $204,493.29 $77,106.15 $250,006.71 44.99% Expenditure Active E 602-47500-601 Debt Sry Bond Pri $58,600.00 $57,480.00 $0.00 $1,120.00 98.09% Active E 602-47500-611 Bond Interest $12,000.00 $4,519.82 $0.00 $7,480.18 37.67% Active E 602-49450-101 Administrator $30,000.00 $8,607.23 $2,240.00 $21,392.77 28.69% CITY OF SPRING PARK 06/01/22 1:29 PM *Budget YTD Rev-Exp© Page 8 Current Period: May 2022 2022 2022 May 2022 %of YTD Budget YTD Amt MTD Amt YTD Balance Budget Active E 602-49450-102 Clerk $28,000.00 $10,422.55 $2,055.90 $17,577.45 37.22% Active E 602-49450-103 People Service/Or $37,000.00 $22,548.62 $5,305.56 $14,451.38 60.94% Active E 602-49450-107 Office Assistant $18,000.00 $8,944.00 $1,468.50 $9,056.00 49.69% Active E 602-49450-121 PERA/FICA/Hosp $24,000.00 $10,224.06 $1,483.10 $13,775.94 42.60% Active E 602-49450-129 Pension Expense $0.00 $0.00 $0.00 $0.00 0.00% Active E 602-49450-200 Office Supplies $500.00 $159.23 $0.00 $340.77 31.85% Active E 602-49450-206 GIS $0.00 $435.00 $435.00 ($435.00) 0.00% Active E 602-49450-207 Computer Support $1,500.00 $831.28 $0.00 $668.72 55.42% Active E 602-49450-215 Shop Supplies $250.00 $5,088.00 $0.00 ($4,838.00) 2035.20% Active E 602-49450-220 Repair/Maint Supp $250.00 $0.00 $0.00 $250.00 0.00% Active E 602-49450-301 Auditing Services $7,000.00 $3,833.34 $3,166.67 $3,166.66 54.76% Active E 602-49450-302 Accounting Servic $2,500.00 $1,471.34 $0.00 $1,028.66 58.85% Active E 602-49450-303 Engineering Fees $5,000.00 $0.00 $0.00 $5,000.00 0.00% Active E 602-49450-310 Contracted Servic $2,500.00 $10,627.35 $91.24 ($8,127.35) 425.09% Active E 602-49450-321 Telephone and Mt $1,000.00 $417.64 $83.44 $582.36 41.76% Active E 602-49450-322 Postage&Meter $500.00 $329.26 $0.00 $170.74 65.85% Active E 602-49450-323 Web Host $250.00 $220.00 $0.00 $30.00 88.00% Active E 602-49450-324 Internet Service $1,000.00 $592.71 $118.63 $407.29 59.27% Active E 602-49450-327 MCES Sewer Sery $216,877.00 $118,444.30 $20,097.07 $98,432.70 54.61% Active E 602-49450-330 IT Technology Su $5,000.00 $5,843.59 $0.00 ($843.59) 116.87% Active E 602-49450-350 Print/Binding $250.00 $307.08 $0.00 ($57.08) 122.83% Active E 602-49450-361 Liability/Prop Ins/ $4,500.00 $4,341.78 $4,341.78 $158.22 96.48% Active E 602-49450-381 Utilities/Electric/G $12,000.00 $4,873.50 $505.23 $7,126.50 40.61% Active E 602-49450-400 Repairs/Maint Gen $1,000.00 $1,646.00 $0.00 ($646.00) 164.60% Active E 602-49450-403 Cleaning-Televisin $20,000.00 $0.00 $0.00 $20,000.00 0.00% Active E 602-49450-404 Repairs/Existing E $1,000.00 $0.00 $0.00 $1,000.00 0.00% Active E 602-49450-405 Depreciation $75,000.00 $0.00 $0.00 $75,000.00 0.00% Active E 602-49450-410 Facility Lease $0.00 $0.00 $0.00 $0.00 0.00% Active E 602-49450-411 Repairs/Breaks $1,000.00 $1,119.74 $0.00 ($119.74) 111.97% Active E 602-49450-413 Office Equipment/ $1,500.00 $2,263.54 $65.40 ($763.54) 150.90% Active E 602-49450-433 Membership/Dues $600.00 $40.67 $40.67 $559.33 6.78% Active E 602-49450-437 Other Miscellaneo $0.00 $0.00 $0.00 $0.00 0.00% Active E 602-49450-491 LS Repair/Maint $18,000.00 $5,810.43 $24.68 $12,189.57 32.28% Active E 602-49450-492 LS Repair/Maint $0.00 $0.00 $0.00 $0.00 0.00% Active E 602-49450-493 LS Repair/Maint $0.00 $0.00 $0.00 $0.00 0.00% Active E 602-49450-494 LS Repair/Maint $0.00 $0.00 $0.00 $0.00 0.00% Active E 602-49450-495 LS Repair/Maint $0.00 $0.00 $0.00 $0.00 0.00% Active E 602-49450-496 LS Repair/Maint $0.00 $2,260.00 $0.00 ($2,260.00) 0.00% Active E 602-49450-497 LS Repair/Maint $0.00 $0.00 $0.00 $0.00 0.00% Total Expenditure ($586,577.00) ($293,702.06) ($41,522.87) ($292,874.94) 50.07% Total SEWER FUND ($132,077.00) ($89,208.77) $35,583.28 ($42,868.23) 67.54% CONVERSION FUND Revenues $0.00 $0.00 $0.00 $0.00 0.00% Expenditures $0.00 $0.00 $0.00 $0.00 0.00% Gain/(Loss) $0.00 $0.00 $0.00 $0.00 0.00% Revenue Active R 999-31010 Current Ad Valorem T $0.00 $0.00 $0.00 $0.00 0.00% Active R 999-33439 PERA Pension Reven $0.00 $0.00 $0.00 $0.00 0.00% Total Revenue $0.00 $0.00 $0.00 $0.00 0.00% Expenditure CITY OF SPRING PARK 06/01/22 1:29 PM *Budget YTD Rev-Exp© Page 9 Current Period: May 2022 2022 2022 May 2022 %of YTD Budget YTD Amt MTD Amt YTD Balance Budget Active E 999-49999-100 Wage $0.00 $0.00 $0.00 $0.00 0.00% Active E 999-49999-129 Pension Expense $0.00 $0.00 $0.00 $0.00 0.00% Active E 999-49999-405 Depreciation $0.00 $0.00 $0.00 $0.00 0.00% Active E 999-49999-500 Capital Outlay $0.00 $0.00 $0.00 $0.00 0.00% Active E 999-49999-601 Debt Sry Bond Pri $0.00 $0.00 $0.00 $0.00 0.00% Active E 999-49999-611 Bond Interest $0.00 $0.00 $0.00 $0.00 0.00% Total Expenditure $0.00 $0.00 $0.00 $0.00 0.00% Total CONVERSION FUND $0.00 $0.00 $0.00 $0.00 0.00% Report Total ($144,167.00) ($938,877.72) ($88,650.46) $794,710.72 651.24%