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cp08-08-23HUTCHINSON
A CITY ON PURPOSE.
CITY OF HUTCHINSON
MCLEOD COUNTY
HUTCHINSON, MINNESOTA
NOTICE OF A SPECIAL CITY COUNCIL WORKSHOP
Tuesday, August 8, 2023
4:30 p.m.
Council Chambers — Hutchinson City Center
Notice is hereby given that the Hutchinson City Council has called a special workshop meeting
for Tuesday, August 8, 2023, at 4:30 p.m. in the Council Chambers at the Hutchinson City
Center, I I I Hassan Street SE, Hutchinson, Minnesota for the following purpose:
• UPDATE FROM COALITION OF GREATER MINNESOTA CITIES
Matthew Ja ch, City Administr
DATED: August 4, 2023
POSTED: City Center
HUTCHINSON CITY COUNCIL
MEETING AGENDA
TUESDAY, AUGUST 8, 2023
CITY CENTER — COUNCIL CHAMBERS
('The City Council is provided background information for agenda items in advance by city staff, committees and boards. Many
decisions regarding agenda items are based upon this information as well as: City policy and practices, inputfrom constituents,
and other questions or information that has not yet been presented or discussed regarding an agenda item)
1. CALL MEETING TO ORDER — 5:30 P.M.
(a) Approve the Council agenda and any agenda additions and/or corrections
2. INVOCATION — Hutchinson Evangelical Free Church
(The invocation is a voluntary expression ojtheprivate citizen, to and for the City Council, and is not intended to affiliate the
City Council with, or express the City Council's preference for, any religious/spiritual organization. The views or beliefs
expressed by the invocation speaker have not been previously reviewed or approved by the Council or staff)
3. PLEDGE OF ALLEGIANCE
4. RECOGNITION OF GIFTS, DONATIONS AND COMMUNITY SERVICE TO THE CITY
(a) Resolution No. 15614 — Resolution Accepting $3200 Donation from Jim & Linda Fahey for
Purchase and Installation of Downtown Benches
PUBLIC COMMENTS
(T is is an opportunity or members of the public to address the City Council. If the topic you would like to discuss is on the
agenda, please ask the Mayor if he will be acceptingpublic comments during the agenda item if not a public hearing. Ifyou have
a question, concern or comment, please ask to e recognized by the mayor —state your name and address for the record. Please
keep comments under 5 minutes. Individuals wishing to speakfor more than five minutes should ask to be included on the agenda
in advance of the meeting. All comments are appreciated, butplease refrain from personal or derogatory attacks on individuals)
5. CITIZENS ADDRESSING THE CITY COUNCIL
6. APPROVAL OF MINUTES
(a) Regular Meeting of July 25, 2023
(b) Council Workshop of July 25, 2023
CONSENT AGENDA
(The items listedfor consideration will be enacted by one motion unless the Mayor, a member of the City Council or
a city staff member requests an item to be removed. Traditionally items are not discussed)
7. APPROVAL OF CONSENT AGENDA
(a) Consideration for Approval of Forgivable Loan Agreement for First Children's Finance
Childcare Provider Funding
(b) Consideration for Approval of Issuing Short -Term Gambling License to Vineyard United
Methodist Church from August 17-20, 2023, at McLeod County Fair
(c) Consideration for Approval of Purchase of Truck and Dump Body
CITY COUNCIL AGENDA —August 8, 2023
(d) Consideration for Approval of Resolution No. 15615 — Resolution Creating Wastewater Plant
Operator Position and Amending 2023 Position Classification Table
(e) Affirm Board Reappointments
1. Andy Nissen to Sustainability Board to May 2026
2. Kim Pearson to Police Civil Service Commission to May 2026
3. Ashley Gabbert and Joshua Kamrath to PRCE Advisory Board to August 2026
4. Connie Dahl to Senior Advisory Board to January 2026
(f) Claims, Appropriations and Contract Payments
PUBLIC HEARINGS — 6:00 P.M. - NONE
MMUNICATIONS RE UESTS AND PETITIONS
purpose o this portion oj the agenda is to provide the ounci with information necessary to craft wise policy.
Ides items like monthly or annual reports and communications from other entities.)
8. DISCUSSION ON NEW PROPOSED RATE STRUCTURE FOR HUTCHINSON UTILITIES
COMMISSION
UNFINISHED BUSINESS
NEW BUSINESS
9. APPROVE/DENY RESOLUTION NO. 15613 — RESOLUTION AUTHORIZING ISSUANCE OF
$1,455,000 GENERAL OBLIGATION BONDS, SERIES 2023A
10. APPROVE/DENY MITGI DEVELOPMENT PROPOSAL AND FIRST READING OF
ORDINANCE NO. 23-841 — SALE OF MUNICIPALLY -OWNED PROPERTY
11. APPROVE/DENY SENDING OUT REQUEST FOR PROPOSALS FOR FIXED BASE
OPERATOR FOR BUTLER FIELD
12. APPROVE/DENY SETTING COUNCIL BUDGET WORKSHOPS
(a) August 22, 2023, at 4:00 p.m. to Review Preliminary Capital Improvement Plan
(b) September 12, 2023, at 4:00 p.m. to Review Preliminary Budget and Tax Levy
GOVERNANCE
(The purpose o t tis portion of the agenda is to deal with organizational development issues, including policies,
performances, and other matters that manage the logistics of the organization. May include monitoring reports,
policy development and governance process items)
13. MINUTES/REPORTS FROM COMMITTEES, BOARDS OR COMMISSIONS
(a) Library Board Minutes from June 26, 2023
(b) Hutchinson Utilities Commission Minutes from June 28, 2023
2
CITY COUNCIL AGENDA — August 8, 2023
(c) City of Hutchinson Financial Report and Investment Report for June 2023
MISCELLANEOUS
14. STAFF UPDATES
15. COUNCILIMAYOiR UPDATE
ADJOURNMENT
- HUTCHINSON CITY COUNCIL
HUTCHINSON Request for Board Action
A CITY ON PURPOSE.
Accept donation from Jim and Linda Fahey for downtown benches.
Agenda Item:
Department: Public Works/Eng
LICENSE SECTION
Meeting Date: 8/8/2023
Application Complete N/A
Contact: Mike Stifter/Sara Witte
Agenda Item Type:
Presenter:
Reviewed by Staff ❑�
Recognition of Gifts/Donations
Time Requested (Minutes):
License Contingency N/A
Attachments: Yes
BACKGROUND/EXPLANATION OF AGENDA ITEM:
Jim and Linda Fahey have generously donated $3200 towards two downtown benches.
These benches will match other existing benches in the downtown area.
BOARD ACTION REQUESTED:
Approve/deny resolution accepting donation from Jim and Linda Fahey.
Fiscal Impact: Funding Source:
FTE Impact: Budget Change: No
Included in current budget: No
PROJECT SECTION:
Total Project Cost: $ 3,900.00
Total City Cost: $ 700.00 Funding Source: Public works
Remaining Cost: $ 3,200.00 Funding Source: N/A
Resolution No. 15614
RESOLUTION ACCEPTING DONATION
WHEREAS, The City of Hutchinson is generally authorized to accept donations
of real and personal property pursuant to Minnesota Statutes Section 465.03 for the benefit
of its citizens and is specifically authorized to accept gifts and bequests for the benefit of
recreational service pursuant to Minnesota Statutes Section 471.17; and,
WHEREAS, the following organization has offered to contribute the cash amount
set forth below to the City of Hutchinson:
Name of Donor
Jim and Linda Fahey
Amount
$3,200.00
WHEREAS, the donation is being made on the condition that the City earmarks
the donation for the purchase and installation of downtown benches.
WHEREAS, The City Council hereby finds that it is appropriate to accept the
donations offered,
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF HUTCHINSON, MINNESOTA:
THAT, the donation described above are hereby accepted by the City of Hutchinson with
the conditions as laid out in the resolution.
Adopted by the City Council this 8th day of August, 2023.
Gary T. Forcier, Mayor
Matthew Jaunich, City Administrator
HUTCHINSON CITY COUNCIL
MEETING MINUTES
TUESDAY, JULY 25, 2023
CITY CENTER — COUNCIL CHAMBERS
(The City Council is provided background information for agenda items in advance by city staff' committees and boards. Many
decisions regarding agenda items are based upon this information as well as: City policy and practices, inputfrom constituents,
and other questions or information that has not yet been presented or discussed regarding an agenda item)
1. CALL MEETING TO ORDER — 5:30 P.M.
Mayor Gary Forcier called the meeting to order. Members present were Dave Sebesta, Tim Burley, Pat
May and Chad Czmowski. Others present were Matt Jaunich, City Administrator and Marc Sebora, City
Attorney.
(a) Approve the Council agenda and any agenda additions and/or corrections
Motion by Czmowski, second by May, to approve the agenda as presented. Motion carried
unanimously.
2. INVOCATION — A moment of silence was held in lieu of an invocation.
(The invocation is a voluntary expression of the private citizen, to and for the City Council, and is not intended to affiliate the
City Council with, or express the City Council's preference for, any religious/spiritual organization. The views or beliefs
expressed by the invocation speaker have not been previously reviewed or approved by the Council or staff)
3. PLEDGE OF ALLEGIANCE
4. RECOGNITION OF GIFTS, DONATIONS AND COMMUNITY SERVICE TO THE CITY
PUBLIC COMMENTS
(T is is an opportunity or members o the public to address the City Council. If the topic you would like to discuss is on the
agenda, please ask the ayor ifhe will be acceptingpublic comments during the agenda item if not a public hearing. Ifyou have
a question, concern or comment, please ask to be recognized by the mayor —state your name and address for the record. Please
keep comments under 5 minutes. Individuals wishing to speakfor more than five minutes should ask to be included on the agenda
in advance of the meeting. All comments are appreciated, butplease refrain from personal or derogatory attacks on individuals)
5. CITIZENS ADDRESSING THE CITY COUNCIL
Molly Morphew, 365 West Pishney Lane SW, presented before the Council. Ms. Morphew
expressed concerns about her new water/sewer rate structure. She feels residents are being charged
for something they are not using as sewer is now billed on actual water usage rather than
January/February average consumption, especially when it comes to watering
lawns/flowers/gardens. Mr. Jaunich explained the old method used (average of January/February)
and the new method used. The State requires cities of Hutchinson's size to have a conservation rate
structure that promotes less water usage. He noted there are other mechanisms that could be
considered by the city for the rate structure. Ms. Morphew stated that she feels the rates should be
based on water consumption and not based on sewer.
Colby Smith presented before the Council. Mr. Smith spoke about accessible, affordable housing
and the challenge to find such for people with disabilities. Mr. Smith asked how to set up an
unofficial assistive living — apartment style living with assistance. This idea came to him as he was
going by the now vacant police facility. Mr. Jaunich spoke to the Request For Proposals that will be
going out for the old police facilities and spoke about the housing study recently completed that has
shown that all types of housing are in dire need. Mayor Forcier also noted that he is a member of the
HRA Board and he will bring this to the board as a discussion item.
6. APPROVAL OF MINUTES
(a) Regular Meeting of July 11, 2023
CITY COUNCIL MINUTES —July 25, 2023
(b) Council Workshop of July 11, 2023
Motion by May, second by Sebesta, to approve the minutes as presented. Motion carried
unanimously.
CONSENT AGENDA
(The items listedfor consideration will be enacted by one motion unless the Mayor, a member of the City Council or
a city staff member requests an item to be removed. Traditionally items are not discussed)
7. APPROVAL OF CONSENT AGENDA I
(a) Consideration for Approval of Reaffirmation of City of Hutchinson Data Practices Policies
(b) Consideration for Approval of Issuing Short -Term Gambling License to Hutchinson Fire
Department Relief Association on September 9, 2023
(c) Claims, Appropriations and Contract Payments — Register A
Motion by Czmowski, second by Burley, to approve Consent Agenda L Motion carried
unanimously.
8. APPROVAL OF CONSENT AGENDA II
(a) Consideration for Approval of Resolution No. 15612 — Resolution Adopting Findings of Fact
and Reasons for Approval of a Preliminary and Final Plat for Forcier Addition
(b) Claims, Appropriations and Contract Payments — Register B
Motion by Czmowski, second by May, with Forcier abstaining, to approve Consent Agenda II.
Motion carried unanimously.
PUBLIC HEARINGS — 6:00 P.M. - NONE
purpose of this portion of the agenda is to provide the Council with information necessary to craft wise policy.
Ides items like monthly or annual reports and communications from other entities.)
UNFINISHED BUSINESS
NEW BUSINESS
9. APPROVE/DENY SENDING OUT REQUEST FOR PROPOSALS FOR THE OLD POLICE
FACIILTY SITES
Matt Jaunich, City Administrator, presented before the Council. Mr. Janich explained that following
a closed session held by the Council, it has been determined to sell the old police sites (former police
station, former EOC building and former police station parking lot) via a request for proposals
process. Staff is recommending that the proposals be due by September 29, 2023, and with the
evaluation and negotiation process anticipate closing on the properties in December.
2
CITY COUNCIL MINUTES —July 25, 2023
Motion by May, second by Czmowski, to approve sending out Request for Proposals for the old
police facility sites. Motion carried unanimously.
GOVERNANCE
(The purpose o t is portion of the agenda is to deal with organizational development issues, including policies,
performances, and other matters that manage the logistics of the organization. May include monitoring reports,
policy development and governance process items)
10. MINUTES/REPORTS FROM COMMITTEES, BOARDS OR COMMISSIONS
(a) Library Board Minutes from May 22, 2023
(b) Hutchinson Utilities Commission Minutes from May 31, 2023
(c) Hutchinson Housing & Redevelopment Authority Board Minutes from June 20, 2023
MISCELLANEOUS
11. STAFF UPDATES
Tom Gifferson — Chief Gifferson spoke about the Lexipol policy project and that a draft of the
document will be coming to the Council soon for their review. Lexipol specializes in policy and
procedure management and has written the draft policy document for the police department.
Lynn Neumann — Ms. Neumann spoke about some mechanical issues that had occurred in the leisure
pool at the aquatic center last week. Last Thursday the pool had to be closed to deal with some
mechanical failures and staff is waiting for parts to arrive, however as of this morning the pool has re-
opened and staff is monitoring the filtration system manually. Ms. Neumann also noted the pool will
be fully operational until August 11, 2023, at which point there will have to be modified hours due to
staffing reductions due to staff going to school/college and participating in athletic activities. Also, the
Fall brochure will be going out mid -August.
Mike Stifter — Mr. Stifter provided an update on improvement projects — Roberts Road will be paved
Thursday/Friday this week and is scheduled to be open August 17, as well as the School Road bridge.
Matt Jaunich — Mr. Jaunich reminded the Council of the workshop prior to the next Council meeting on
August 8, 2023, at 4:30 p.m. with the Coalition of Greater Minnesota Cities.
12. COUNCIL/MAYOR UPDATE
Mayor Forcier — Mayor Forcier asked if staff is up to speed on the new adult use cannabis law that will
take effect August 1, 2023. Matt Jaunich noted that effective August 1 cannabis can be possessed, used
and grown. He noted that the City doesn't currently have any regulations on where it can be used,
similar to there are no regulations on where tobacco can be used other than in accordance with the
Smoke -Free Workplace ordinance and Clean Indoor Air Act. He noted that staff will lean on the
Council if they wish to put more regulations in place that cities are allowed to do.
ADJOURNMENT
Motion by May, second by Czmowski, to adjourn at 6:15 p.m. Motion carried unanimously.
HUTCHINSON CITY COUNCIL
2023 STRATEGIC PLANNING WORKSHOP
MINUTES
TUESDAY, JULY 25, 2023 - 4:00 PM
CITY CENTER — COUNCIL CHAMBERS
1. Call to Order
Mayor Forcier called the workshop to order at 4:00 p.m. Members present included Tim Burley,
Pat May, Dave Sebesta and Chad Czmowski. Others present were: Matt Jaunich, City
Administrator, Marc Sebora, City Attorney and other city directors.
2023 STRATEGIC PLANNING SESSION
2. 2023 Strategic Planning Session
Matt Jaunich, City Administrator, presented before the Council. Mr. Jaunich noted that today's
workshop is to begin strategic planning for the future and set goals and objectives that need to be
achieved to reach visions for the future. The last strategic planning session was held in 2018 and
there are three new council members since that time.
Mr. Jaunich reviewed the various strategic planning documents that help guide city staff and the
City Council. These include the Ends Statement document, Strategic Plan, Comprehensive Plan,
Transportation Plan, Downtown Plan, Complete Streets Policy, Financial Management Plan,
Master Park Plan, EDA Strategic Plan, Marketing and Branding Plan, Housing Plan and Growth
Planning. Today's focus is to review the Ends Statement document and the Strategic Plan.
The Ends Statements, or Core Values, that have been identified for the City are public safety,
health & recreation, transportation, economic development, environment and good government.
In 2018, the City established eight goals to accomplish by 2023. These included: being known
as a destination place for recreation, art and leisure; having a growing, diverse economy with a
skilled workforce; having adequate, affordable housing for all; having welcoming and safe city
facilities to service current and future generations; having cost effective, reliable and sustainable
energy and practices; having high quality, multi -modal transportation and infrastructure systems;
having active citizen engagement, participation and involvement; and having fiscally responsible
management to serve community needs. All of these goals tied into the City's Ends Statements/
Core Values. From those goals, 21 initial projects were identified to complete over four areas in
Planning, Growing, Engaging and Paying. More than half of the projects identified were
completed. 60 specific projects were accomplished within the eight goals that were established in
the 2018 strategic plan. Several successful indicators were completed in the 2018 strategic plan
as well. Mr. Jaunich also provided an extensive list of development projects that occurred from
2018-2023. Mr. Jaunich also provided data from the citizen survey to be used as measurements
of the City's core values.
Mr. Jaunich asked of the Council if the City's core values need to be updated. He also asked if
the eight goals identified in the 2018 strategic plan need to be updated. Mr. Jaunich then dove
into a review of the City's Ends Statements/Core Values and proposed revisions, including
adding a section on Housing.
Council Member May agreed that a Housing section should be added to the City's core values.
Council Member Czmowski expressed that perhaps a "funding toolbox" should be identified for
housing expansion/development. He also expressed that the items currently included in the Ends
Statements/Core Values still ring true. Council Member Burley also agreed that the Core Values
identified are solid, however perhaps some minor updateslrevisions could be made. Mayor
Forcier encouraged citizen feedback as well when items like this are being developed.
Mr. Jaunich asked the council members to review the ends statemcntslcorc values document in
more detail as a follow up strategic planning session will be held on them specifically. He also
asked the Council to think about if there is a need or desire to update the core values and to think
about what the strategic plan looks like for the next five years. Mr. Jaunich spoke about
challenges over the next five years which includes staffing costs on the overall tax levy, need for
new housing of all types, infrastructure costs for new development, higher
infrastructure/equipment/supply costs, uncertainty of future sales tax, public's desires vs. tax
levy, daycare shortages, declining availability of commercial/retail land, and compliance
regulations. Mr. Jaunich shared a list of projects/items to address over the next five years, as well
as other ideas to consider. He asked that the Council think of other ideas/projects to bring to the
table.
Mr. Jaunich noted that most likely staff/council will hold at least two more strategic planning
sessions. He noted he would like to have a five-year strategic plan developed by the end of 2023.
3. Adjournment
Motion by Burley, second by May, to adiourn the workshop at 5:15 p.m. Motion carried
unanimously.
ATTEST:
Gary T. Forcier
Mayor
Matthew Jaunich
City Administrator
HUTCHINSON CITY COUNCIL cur-f��
Request for Board Action
Agenda Item: CONSIDER APPROVAL OF FORGIVABLE LOAN AGREEMENT
Department: EDA
LICENSE SECTION
Meeting Date: 8/8/2023
Application Complete N/A
Contact: Miles R. Seppelt
Agenda Item Type:
Presenter: NONE
Reviewed by Staff F7
Consent Agenda
Time Requested (Minutes): 0
License Contingency N/A
Attachments: Yes
BACKGROUND/EXPLANATION OFAGENDA ITEM.
In partnership with the Hutchinson Chamber of Commerce and First Children's Finance, the City is implementing a
"Childcare Business Assistance Forgivable Loan Program" to help local childcare providers add additional childcare
slots for the community.
The program is being funded with grants from First Children's Finance ($30,000), 3M ($10,000) and the Hutchinson
EDA ($5,000).
According the First Children's Finance, hundreds of additional childcare slots are needed in Hutchinson.
This forgivable loan program will provide the financial resources needed to help expand the number of available
childcare slots in the community.
Our first applicant is Our Savior's Lutheran Early Leaming Childcare, which is requesting a forgivable loan in the
amount of $5,086. With this funding they will make improvements to their facilities and create 12 additional childcare
slots as a result.
The Forgivable loan agreement is ATTACHED for your review.
The City attomey has reviewed the document and found everything to be in order.
If you have any questions or need additional information, please give me a call any time at 234-4223.
BOARD ACTION REQUESTED:
Approval of Forgivable Loan Agreement
Fiscal Impact: $ 0.00 Funding Source: N/A
FTE Impact: 0.00 Budget Change: No
Included in current budget: No
PROJECT SECTION:
Total Project Cost:
Total City Cost: Funding Source:
Remaining Cost: $ 0.00 Funding Source:
JAL
Hutchinson
MINNES❑TA'S MANUFACTUPING CITY
redo�be
f i on
it
to
Forgivable Loan Agreement
for
First Children's Finance
Childcare Provider Funding
2023
This Agreement is between The City of Hutchinson, hereinafter referred to as the CITY and Our Savior's
Lutheran Early Learning Childcare, hereinafter referred to as the BORROWER.
WHEREAS, the CITY with support from First Children's Finance has approved a childcare assistance
program to increase the number of available childcare slots in the City of Hutchinson; and
WHEREAS, the BORROWER has made an application for a forgivable loan and has been selected for
funding in accordance with the terms of this Agreement; and
WHEREAS, the CITY has determined that BORROWER meets the requirements to receive funding.
The CITY and BORROWER agree as follows:
1. TERM AND AMOUNT OF FORGIVABLE LOAN
The Forgivable Loan shall carry and interest rate of 0% and a term of 12-months. No payments
are required unless or until and Event of Default occurs and the Forgivable Loan goes into
Repayment Status. BORROWER must complete all requirements listed below, (the "Forgivable
Loan Requirements").
The total amount of this forgivable loan is Five Thousand Eighty Six Dollars and no/00 ($5,086.00)
("Forgivable Loan Funds").
2. FORGIVABLE LOAN REQUIREMENTS
By entering into this Forgivable Loan Agreement, BORROWER certifies that it meets all eligibility
requirements of the Forgivable Loan program as certified in BORROWER'S application.
BORROWER acknowledges that the source of funds for this Forgivable loan Agreement are
through First Children's Finance. BORROWER acknowledges that this forgivable loan may be
subject to federal and state taxes, and audit requirements.
BORROWER further certifies that as of the date this Agreement is signed, all of the following are
true and correct:
■ BORROWER has applied for a childcare license and has completed a background study.
■ BORROWER will use these funds to purchase pre -license required items or items
necessary for the start-up or expansion of a childcare business.
■ BORROWER will provide the CITY with a copy of their Family Child Care License from the
State of Minnesota within three months of the date this Agreement is signed, and
■ BORROWER agrees to continue operating as a family child care and maintain their child
care license for a minimum of 12 months from the date this Agreement is signed or the
date of obtaining their child care license, whichever is later. If BORROWER fails to operate
a family child care business and maintain their license for a minimum of 12 months,
BORROWER shall repay the loan.
■ BORROWER agrees to purchase the approved items and provide documentation of
expenses incurred to be reimbursed by forgivable loan funds.
■ BORROWER agrees to provide data as requested by the CITY including, but not limited to,
number of children served.
BORROWER affirms that all information that has or will be submitted to the CITY is correct and
that the documented costs have not and will not be reimbursed through any other federal, state
or other funding source. BORROWER agrees to provide any additional documentation requested
by the CITY past the agreement date if required for audit purposes.
3. ELIGIBLE COSTS
By signing this Forgivable Loan Agreement, the BORROWER acknowledges they are eligible to
receive the forgivable loan based on the information outlined in the Forgivable Loan Program
Rules and all expenses incurred are eligible items, as listed in Exhibit "A" of this Agreement.
4. FORGIVABLE LOAN DISBURSEMENT
Provided that the CITY has received proof of eligible expenses and a W-9 Form from the
BORROWER, the CITY shall pay Forgivable Loan Funds directly to BORROWER within thirty (30)
business days of a fully executed Forgivable Loan Agreement.
S. CONDITIONS OF LOAN FORGIVNESS
The loan will be forgiven when the following conditions are met and supporting documentation
is provided to the CITY:
A. BORROWER has received a minimum of two (2) hours of technical assistance from First
Children's Finance Development staff.
B. BORROWER provides the CITY with documentation, in the form of paid invoices or receipts,
for all qualified costs, listed in Exhibit "A," for which Forgivable Loan Funds were used.
C. BORROWER expands the number of child care slots they have available.
D. BORROWER continues to operate a licensed child care facility within the corporate boundaries
of the City of Hutchinson for one year from the date this Agreement is signed or the date of
obtaining their child care license, whichever is later.
Failure of the BORROWER to meet all conditions of loan forgiveness shall constitute an Event of
Default and result in repayment of the Forgivable Loan to the CITY.
6. TERMS OF LOAN REPAYMENT
Should the BORROWER default on the Conditions for Loan Forgiveness the loan shall go into
Repayment Status. When the Loan is in Repayment Status the BORROWER shall make monthly
payments to the CITY, due the first day of each month, in the amount of 1/12 of the original loan
amount until the loan is fully repaid.
7. INDEPENDENT CONTRACTOR
This Agreement does not create or establish the relationship of a partnership or a joint venture
between the CITY or any local unit of government and BORROWER. BORROWER is not acting as
the agent, representative, or employee of the CITY for any purpose.
8. NON-DISCRIMINATION
BORROWER shall not exclude any person from full employment rights nor prohibit participation
in or the benefits of any program, service or activity on the grounds of any protected status or
class including but not limited to race, color, creed, religion, age, sex, disability, marital status,
sexual orientation, public assistance status, or national origin. No person who is protected by
applicable federal or state laws against discrimination shall be subjected to discrimination.
9. INDEMNIFICATION
BORROWER shall defend, indemnify, and hold the CITY and/or any partnering local unit of
government harmless, including, their present and former officials, officers, agents, volunteers,
and employees from any liability, claims, causes of action, judgments, damages, losses, costs,
demands for repayment or expenses, including attorney's fees, resulting directly or indirectly
from any fraudulent act or ineligible use of Forgivable Loan Funds for nonauthorized purposes by
the BORROWER, a subcontractor, anyone directly or indirectly employed by BORROWER, and/or
anyone for whose acts and/or omissions BORROWER may be liable in the performance of this
Agreement.
10. RECORDS — AVAILABILITY/ACCESS AND RIGHT TO AUDIT
BORROWER must keep all records related to this Agreement and the forgivable loan for six years
after this Agreement ends. If needed, BORROWER must allow the CITY, their Auditor, or any of
their authorized representatives (which may include other independent financial analysts)
(collectively, "Auditors") access to documentation related to this Agreement and the Forgivable
Loan. BORROWER must allow the Auditors to examine, audit, excerpt, and transcribe any books,
documents, papers, records, or other data, which are pertinent to BORROWER's accounting
practices and procedures, and involve transactions relating to this Agreement.
11. SUCCESSORS, SUBCONTRACTING AND ASSIGNMENTS
BORROWER is not allowed to assign, transfer, pledge, or subcontract this Agreement or Forgivable
Loan Funds whether in whole or in part without the consent of the CITY via a written amendment.
12. MERGER, MODIFICATION AND SEVERABILITY
A. This document is the entire Agreement between the CITY and BORROWER, and it
supersedes any oral agreements and negotiations between the parties relating to the
subject matter. All items that are referenced or that are attached are incorporated and
made a part of this Agreement. If there is any conflict between the terms of this
Agreement and referenced or attached items, the terms of this Agreement shall prevail.
B. Only written alterations, variations, or modifications of the provisions of this Agreement
will be valid.
C. If any provision of this Agreement is held invalid, illegal, or unenforceable, the remaining
provisions will not be affected.
13. DEFAULT AND CANCELLATION/TERMINATION
A. If BORROWER fails to perform any of the provisions of this Agreement, BORROWER will
be in default. "Default" by the BORROWER includes:
■ Providing false, misleading, or incomplete information in documents submitted
to the CITY,
■ Failing to receive a minimum of two (2) hours of technical assistance from First
Children's Finance Development staff,
■ Failing to use Forgivable Loan Fund exclusively for eligible costs as listed in Exhibit
"A
■ Failing to provide the CITY with documentation, in the form of paid invoices or
receipts, for all qualified costs for which Forgivable Loan Funds were used,
■ Failing to expand the number of child care slots they have available, or
■ Failing to operate a family childcare in the City of Hutchinson for 12 months from
the date the Forgivable Loan Agreement is signed, or the date of obtaining their
child care license, whichever is later.
The CITY may delay payment to BORROWER if BORROWER fails to comply with the terms
of this Agreement until BORROWER comes into compliance. The CITY must furnish prior
written notice to BORROWER of termination, cancellation, or delay of payment.
B. Regardless of any contrary provisions in this Agreement, BORROWER is liable to the CITY
for damages sustained by the CITY by virtue of any breach of this Agreement by
BORROWER. The CITY must give BORROWER written notice of the claimed breach and
the amount of the claimed damage. Following notice from the CITY of the claimed breach
and damage, BORROWER and the CITY must attempt to resolve the dispute in good faith.
C. The above remedies shall be in addition to any other right or remedy available to the CITY
under this Agreement, law, statute, rule, and/or equity.
D. If this Agreement expires or is cancelled or terminated for any reason by either party, the
CITY will not be obligated to provide any other payments to BORROWER, except for
payments that were due prior to expiration, cancellation, or termination of this
Agreement.
E. Upon written notice to BORROWER, the CITY may immediately suspend or cancel/
terminate this Agreement in the event any of the following occur: (i) the CITY does not
obtain anticipated funding for this forgivable loan or loses the outside funding for any
other reason; (ii) funding for this forgivable loan is withdrawn, frozen, shut down, or is
otherwise made unavailable.
14. SURVIVAL OF PROVISIONS
Provisions that by their nature are intended to survive the term, cancellation or termination of
this Agreement do survive such term, cancellation or termination. Such provisions include but
are not limited to: FORGIVABLE LOAN REQUIREMENTS; INDEPENDENT CONTRACTOR;
INDEMNIFICATION; RECORDS-AVAILABILITY/ACCESS AND RIGHT TO AUDIT; DEFAULT AND
CANCELLATION/TERMINATION; NOTICES; CONFLICT OF INTEREST; and MINNESOTA LAWS
GOVERN.
15. FORGIVABLE LOAN ADMINISTRATION
The CITY or their designee ("Forgivable loan Administrator"), shall manage this Agreement.
16. NOTICES
Unless the parties otherwise agree in writing, any notice or demand which must be given or made
by a party under this Agreement must be in writing and shall be sent registered or certified mail.
Notices to the CITY shall be sent to:
City Administrator
City of Hutchinson
111 Hassan Street SE
Hutchinson, MN 55350
Notice to BORROWER shall be sent to:
Lori Holtberg, Director
Our Savior's Lutheran Early Learning Childcare
800 Bluff Street NE
Hutchinson, MN 55305
17. CONFLICT OF INTEREST
BORROWER affirms that to the best of BORROWER's knowledge, BORROWER's involvement in
this Agreement does not result in a conflict of interest with any party or entity which may be
affected by the terms of this Agreement. If BORROWER learns of any conflict or potential conflict
of interest, BORROWER must immediately notify the CITY of the conflict or potential conflict.
Unless the CITY consents, a conflict or potential conflict may, in the CITY's discretion, be cause for
cancellation or termination of this Agreement.
18. SIGNATURES/EXECUTION
Each person executing this Agreement on behalf of a party represents and warrants that such
person is duly and validly authorized to do so on behalf of such party. This Agreement may be
executed in counterparts, each of which will be deemed an original, but all of which taken
together constitutes but one and the same instrument.
19. MINNESOTA LAWS GOVERN
The laws of the state of Minnesota shall govern all questions and interpretations concerning the
validity and construction of this Agreement and the legal relations between the parties and their
performance. The appropriate venue and jurisdiction for any litigation will be those courts
located within the County of McLeod, State of Minnesota. Litigation, however, in the federal
courts involving the parties will be in the appropriate federal court within the State of Minnesota.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year written below.
THE CITY OF HUTCHINSON
By:
Its: Mayor
Date: 12023
ATTEST:
By:
Its: City Administrator
Date: 12023
BORROWER
Our Savior's Lutheran Early Learning Childcare
By:
Its:
Date: .2023
Exhibit "A" — Eligible Uses of Funds
This list is not exhaustive, but provides some guidance to providers of the type of expenses typically
eligible for program funds.
Household alarms and detectors _ I Transportation safety 1
• Smoke alarms • Appropriate child restraint systems for the ages of the
• Carbon monoxide alarms children in care
• Radon detectors • Safety helmets for children riding bicycles or tricycles
• Lead content detectors (for toys and other child • Strollers that meet safety specifications
items which could be put in the mouth) • Double/multiple kid strollers
•
Items required by Fire Marshal or Licensing
regulations
Household Safety
•
Fire extinguishers
• Electrical outlet
•
Choke tubes (for
covers
gauging choking
• Refrigerator
potential of small
thermometer
objects)
• Hot liquids
•
Disaster kits
thermometer
•
Fireplace, heater
• Window blind and
and wood -burning
curtain cord tension
stove screen covers
or tie -down devices
•
Safety latches or
• Air purifiers,
locks for doors and
humidifiers,
cabinets
dehumidifiers
•
Safety gates
• Light fixtures
•
Appliance locks
containing shielded
•
First aid items
or shatterproof bulb
Facilities and operations
• Egress windows
• Lead-free environment
• Facility improvements such as repairing steps,
installing railing if flagged by licensing
• Gates
• Training costs
Room_ equipment and furniture
• Tables • Cots or mats
• Chairs • Classroom activity
• Coat, cubby units carpets
• Storage units • Electric baby washer
0 Activity mats and gyms
Child safety
• Cribs, mattresses that
meet safety standards
• Cots, mats and linens
for sleeping
• Highchairs that meet
safety standards
• Changing tables
• Shock -absorbent or
loose material such as
sand under outdoor
climbing equipment
• Outdoor play
equipment that meets
safety standards
• Audio/visual
monitoring
equipment
• Playground safety
surfacing
• Large outdoor
umbrella
• Sandbox covers
• Infant bucket swings
for outdoor
playground swing
sets
• Swings with soft or
flexible seats
• Fencing
• Replacement of
wooden barriers that
contain creosote or
arsenic
• Guardrails on stairs
I
I
• Antibacterial wall dispensers
• Secured garbage cans and wastebaskets, hands -free
covered waste disposal cans
• Computer and software for financial management
and other necessary functions of business.
• Printer
Active Play
• Bicycles, Tricycles,
• Wagons
• Scooters, scooter
boards
• Balance beams
• Playground equipment
(climbers, swing sets,
slides)
• Large unit blocks
• Rocking boats
Centers (book, ■ Classroom displays 0 Tumbling mats ■ Parachutes
listening, writing) . Play tunnels or hoops ■ Large motor games (such
Computer table . Basketball hoops, as bean bag, ring toss)
balls v STEM materials
• Sensory items
V HUTCHINSON CITY COUNCIL
UTCH I N SO N Request for Board Action
A CITY ON PURPOSE.
Agenda Item: Short -Term Gambling License - Vineyard United Methodist Church
Department: Administration
LICENSE SECTION
Meeting Date: 8/8/2023
Application Complete Yes
Contact: Melissa Starke
Agenda Item Type:
Presenter: Melissa Starke
Reviewed by Staff F,77
Consent Agenda
Time Requested (Minutes): 0
License Contingency N/A
Attachments: Yes
BACKGROUND/EXPLANATION OFAGENDA ITEM:
Vineyard United Methodist Church has submitted a short-term gambling license application into administration for
review and processing. The application is for a bingo event the organization is holding during the McLeod County Fair
from August 17-20, 2023. The applicant has completed the appropriate application in full and all pertinent information
has been received.
BOARD ACTION REQUESTED:
Approve issuing short-term gambling license to Vineyard United Methodist Church from August 17 - 20, 2023.
Fiscal Impact: Funding Source:
FTE Impact: Budget Change: No
Included in current budget: No
PROJECT SECTION:
Total Project Cost:
Total City Cost: Funding Source:
Remaining Cost: $ 0.00 Funding Source:
rS
HUTCHINSON
A CITY ON PURPOSE.
111 Hassan Street Southeast
Hutchinson, MN 55350
(320) 587-5151 Fax: (320) 2344240
City of Hutchinson
APPLICATION FOR GAMBLING DEVICES LICENSE
In provisions of the City of Hutchinson Ordinance Chapter 114
and Minnesota Statutes Chapter 349
All applications are to be received at least 30 days before event in order to be considered
Application Type
Short Term Date(s) '��j -
Fee: $30.00
Month/DaylYear-Mon h/Day/Year
Organization Information
okra
c
Name
301S Soil- \ Grrule Rd_ S 1) qAkilV
Phone Number
35t)
Address where regular meeting are held
City State Zip
Federal or State ID: 41- OStm s.i � l
Day and time of meetings? lyA. k-1-20,
1 _ P&\ 'e✓l.%Ji'` L�GL
Is this organization organized under the laws of the State of Minnesota? yes ❑ no
11N, How long has the organization been in existence? 5 15 How may members in the organization? PV *
What is the purpose of the organization? ��— Q �
4
�(' `j �% MA-S
In whose custody will organization records be kept?
Ae'r
',20-593 ^-49111
Name
%� C , , \
` ��_ � _ (u, C�l�
^ ,�Phone Number
� t4 /)
U Address
Citt, State zip
11 Dulv Authorized Officer of the Organization Information
True Name Phone Number
esidence Address City State zips 1
Date of Birth: Place of Birth:( V
on i ay year City State
Have you ever been convicted of any crime other than a traffic
offense? ❑ yes �no
If yes, explain:
City of Hutchinson
Application for Gambling Devices License
Page 2 of 3
under Minnesota Statute
True Name — Phone Number
t\A . V �
R . deuce Address City State Zip
Date of Birth: Place of Birth: C--4pjy)e
City State
Have you ever been convicted of any crime other than a traffic offense? ❑ yes )�no
If yes, explain:
How long have you been a member of the organization? G (FS
Game Information
Date(s) and/or day(s) gambling devices will be used:
Hours of the day gambling devices will be used:
Phone Number
State Zip
through un
i AM
To
Maximum number of player: , D( )
Will prizes be paid in money or merchandise? Nmoney ❑ merchandise
Will refreshments be served during the time the gambling devices will be used? ❑ yes Ano
If yes, will a charge be made for such refreshments? ❑ yes Elno
Game Information
Location #2 NJ I -A
Name of loc ttion where game will be played Phone Number
Address of location where game will be played
Date(s) and/or day(s) gambling devices will be used:
Hours of the day gambling devices will be used: From _
Maximum number of player:
City State Zip
through
AM
pM I To
Will prizes be paid in money or merchandise? ❑ money ❑ merchandise
Will refreshments be served during the time the gambling devices will be used? ❑ yes
If yes, will a charge be made for such refreshments? ❑ yes ❑ no _ `_
❑ no
AM
City ofHulchinson
Application for Gambling Devices License
Page 3 of
1 Officers of the Organization (ifnecessarv, list additional names on separate sheet) I
ame Title
ve.,MW —"-k"awn' 'Wj 5566b
Residence Address CState zip
a n.
64 60U�i
Nar,e _ Title —1L-A-Z�
Residence Address City State Jl zip
fires ' M gw-rCQ
Name Title
Residence Address Cih, State _ zip
Officers or Other Persons Paid for Services Information i necessa
, list additional names on se arate sheet)
Name
Title
Residence Address
City State zip
Name
Title
Residence Address
City State zip
Name
Title
Residence Address
Cite State zip
Have you (Gambling Manager and Authorized Officer) read, and do you thoroughly understand the provisions of all
laws, ordinances, and regulations governing the operation and use of gambling devices (as outlined in City of
Hutchinson Ordinance 114.20 and Minnesota Statutes Chapter 349)?
0-1 -
Gambling Manager es ❑ no 0Authorized Officer yes ❑ no
Initial
Initial
I declare that the information I have provided on this application is truthful, and I authorize the City of Hutchinson
to investigate the information submitted. Also, I have received from the City of Hutchinson a copy of the City
Ordinance No. 114.20
rel to gambling and I
Signature of
will familiarize myself with the contents thereof
officer of organization Date
Signature ofgambling manager of organization
Internal Use Onl
City Council ❑ approved
❑ denied Notes:
Date
- HUTCHINSON CITY COUNCIL
HUTCHINSON Request for Board Action
A CITY ON PURPOSE.
Purchase Order - Truck and Dump Body
Agenda Item:
Department: PW/Eng
LICENSE SECTION
Meeting Date: 8/812023
Application Complete N/A
Contact: Mike Stifter
Agenda Item Type:
Presenter: Mike Stifter
Reviewed by Staff ❑�
Consent Agenda
Time Requested (Minutes): 0
License Contingency N/A
Attachments: Yes
BACKGROUND/EXPLANATION OF AGENDA ITEM:
The Public Works department is requesting replacement of one 1-ton truck and dump body. The
truck was scheduled for replacement in 2023 but was delayed until now due to availability.
There are two purchase requests, one for the cab -chassis and one for the dump body.
Truck Purchase requisition #20382
This is to replace an 20 year -old 2004 Isuzu 1-ton truck w/ dump. This truck is a primary general
maintenance truck used for streets and forestry.
$56,902.64 Boyer Trucks
Dump Body Purchase requisition #20383
$15,900.00 North Central
$72,802.40 Total for both
BOARD ACTION REQUESTED:
Approval of purchase.
Fiscal Impact: Funding Source: Machinery & Equipment
FTE Impact: Budget Change: No
Included in current budget: Yes
PROJECT SECTION:
Total Project Cost: $ 72,802.40
Total City Cost: $ 72,802.40 Funding Source: Fleet
Remaining Cost: $ 0.00 Funding Source:
Purchase Requisition
07/31/2023
03:06 PM
Purchase Requisition No 020382
Requested Date
Required Date
Requested By
07/31/2023
mstifter
Preferred Vendor 124925
BOYER TRUCKS
Address PO BOX 512
Department 4300
SAINT MICHAEL, MN 55376-0512
Req. Description 2024 FORD F600 4X4 CHASSIS CAB
Qty.
Description
GL Number 1
Unit Price
Amount
1
2024 FORD SUPERDUTY F600 4--
701-4951-90540
56,902.64
56,902.64
Total:
56,902.64
'b wct So/o r CA (+ SY-)
7/26/23, 11:08 AM Preview Order 7002 - F61- 4x4 Reg Chas Cab DRW- HUTCHINSON
Preview Order 7002 - F61. 4x4 Reg Chas Cab DRW: Order Summary Time of Preview: 07/26/2023 11:08:08 Receipt: 7/26/2023
Dealership Name: Boyer Ford Trucks, Inc.
Dealer Rep. Bailey Krebsbach
Customer Name HUTCHINSON
DESCRIPTION
F600 4X4 CHASSIS CAB DRW/169
{ 169INCH WHEELBASE
TOTAL BASE VEHICLE
OXFORD WHITE
CLOTH 40/20/40 SEAT
MEDIUM DARK SLATE
I PREFERRED EQUIPMENT PKG.680A
XLTRIM
AIR CONDITIONING -- CFC FREE
i .AM/FM STEREO MP3/CLK
.7.31- DEVCT NA PFI V8 ENGINE
{ 10-SPEED AUTO TORQSHIFT
1245/70R19.5G TRACTION 4/2 TIRE
4.88 RATIO LIMITED SLIP AXLE
FORD FLEET SPECIAL ADJUSTMENT
1 PLATFORM RUNNING BOARDS
22000# GVWR PACKAGE
ENGINE BLOCK HEATER
I1 SKID PLATES
f 50 STATE EMISSIONS
Type Fleet I Vehicle Line Superduty
Priority Code Ll Model Year 2024
TOTAL BASE AND OPTIONS
DISCOUNTS
TOTAL
ORDERING FIN: 05031 END USER FIN: QE962
r
INCENTIVES
Acc. Code ID :10 Contract/Ref N :30-129R Bid Date :07/17/23State : MN
Customer Name:
Customer Address:
INVOICE DESCRIPTION
$57556 120V/400W OUTLET
$0 SPARE TIRE AND WHEEL
$55828 CENTER HIGH MOUNTSTOP LAMP
$0 JACK
$91 WHEEL WELL LINERS - FRONT
$0 40 GAL AFT OF AXLE FUEL TNK
$0 410 AMP ALTERNATOR
$0 EXTERIOR BACKUP ALARM
$0 PRICE CONCESSION INDICATOR
$0 REMARKSTRAILER
$0 DUAL BATTERY
$0 REAR VIEW CAMERA & PREP KIT
$173 SPECIAL DEALER ACCOUNT ADJUSTM
$0 SPECIAL FLEET ACCOUNT CREDIT
$-720 FUELCHARGE
$291 NET INVOICE FLEET OPTION (154A)
$0 PRICED DORA
$91 ADVERTISING ASSESSMENT
$91 DESTINATION & DELIVERY
$0
Customer Email:
Customer Phone:
Sales Code : F58900
I
Order Code 7002
Price Level 415
INVOICE
$160
$319
$0
$0
$164
$0
$104
$160
$0
$0
$0
$377
$-1257
$-1728
$28.64
$7
$0
$0
$1995
INVOICE
$57902.64
NA
$57902.64 .
DISCOUNTS:
$-1000.00
Customer Signature Date Il
This order has not been submitted to the order bank.
1 This is not an invoice.
about:blank
1/1
07/31/2023
Purchase Requisition 03:04 PM
Purchase Requisition No 020383
Requested Date
Required Date
Requested By
07/31/2023
mstifter
Department 4300
Preferred Vendor 134827
NORTH CENTRAL TRUCK & VAN EQUIP
Address 25112 22ND AVE
PO BOX 1084
SAINT CLOUD, MN 56301
Req. Description 11' RUGBY STEEL DUMP BODY
Qty.
Description
GL Number 1
Unit Price
Amount
1
11' RUGBY STEEL DUMP BODY
701-4951-90540
15,900.00
15,900.00
Total:
L' _�
NORTH CENTRAL
QUOTE NUMBER FROM FOR
20515 Jason Kishm CITY OF HUTCHINSON
DATE North Central Truck & Van Equipment TO
June 1, 2023 25112 22nd Ave, St Cloud TIM READ
VALID UNTIL 4821 Mustang Circle, Mounds View
June 15, 2023 at 1:00 PM www,rrorthc
uowNfaao Ki PHONE
f3T.0j 251 72"
11' RUGBY STEEL DUMP BODY 1 F550 WITH 84" CA
11' RUGBY STEEL DUMP BODY 9,950.00
ELECTRIC OVER HYDRAULIC HOIST
12" FOLD DOWN SIDES
299 1,200.00
POWDERCOAT BLACK
201 1,500.00
INSTALL DUMP BODY
299 375.00
INSTALL FACTORY SUBFRAME
203 900.00
ICC BUMPER WITH RECEIVER HITCH
7-WAY WIRING
POLY FENDERS INSTALLED 975.00
WHELEN RESPONDER LED STROBE LIGHTS 530.00
CITY 2 MOUNTED ON HEADACHE RACK
221 375.00
INSTALL STROBE LIGHTS
SHOP SUPPLIES 95.00
Total excluding tax 15,900.00
**********IN STOCK*"*"****
Ask a Question
11' RUGBY STEEL DUMP BODY / F550 WITH 84" CA
Total excluding tax 15,900.00
Additional comments
Optional
Your order/reference number
Optional
O Yes, I TIM READ agree to and accept this quote, on June 1, 2023 at 3:42 PM.
Accept Quote
Decline this quote
s: HUTCHINSON CITY COUNCIL
HUTCH [ N SON Request for Board Action
A CITY ON PURPOSE.
Resolution 15615 Creating Wastewater Plant Operator Position and Amending 2023 Position Classification Table
Agenda Item:
Department: Administration
LICENSE SECTION
Meeting Date: 8/8/2023
Application Complete N/A
Contact: Kellie Wendland
Agenda Item Type:
Presenter:
Reviewed by Staff El
Consent Agenda
Time Requested (Minutes):
License Contingency N/A
Attachments: Yes
BACKGROUND/EXPLANATION OFAGENDA ITEM:
Due to some internal movement of staff, the Public Works Relief Operator position has become
vacant. While reviewing needs of the Public Works department, it was identified that a
Wastewater Plant Operator position was in higher demand than filling the Public Works Relief
Operator position. Based on this need, a Wastewater Plant Operator position description was
developed to mirror the Water Plant Operator position that already exists. The description was
reviewed and vetted by the City's compensation consultant, Keystone Compensation and
confirmed to be Grade 130.
The Public Works Relief Operator position will be removed from the current 2023 Position
Classification Table and will be replaced by the Wastewater Plant Operator as both positions are
Grade 130. The Public Works Relief Operator position may be requested as part of the 2024
budgeting process to be added in 2024, should the need remain and if the request gains support
through the Position Addition and Reclassification process.
No FTE or budget impact at this time.
BOARD ACTION REQUESTED:
Approve Resolution 15615 Creating Wastewater Plant Operator position and Amending 2023 Rcslticn
Classification Table
Fiscal Impact: Funding Source: Sewer Fund
FTE Impact: Budget Change: No
Included in current budget: No
PROJECT SECTION:
Total Project Cost:
Total City Cost: Funding Source: N/A
Remaining Cost: $ 0.00 Funding Source: N/A
HUTCHINSON
A CITY ON PURPOSE.
TITLE: WASTEWATER PLANT OPERATOR
DEPARTMENT: WASTEWATER
ACCOUNTABLE TO: WASTEWATER MANAGER
SUMMARY: THIS IS TECHNICAL WORK IN WASTEWATER TREATMENT PLANT
OPERATIONS AND MAINTENANCE, COLLECTION SYSTEM AND LIFT STATION
OPERATIONS AND MAINTENANCE.
This position specializes in wastewater treatment and wastewater collection systems, performing work
alone, with peers and with crews of various sizes and configurations to oversee wastewater treatment
plant operations and maintenance by monitoring, inspecting and managing a variety of activities related
to operating, repairing and maintaining the wastewater treatment facility and to perform other
miscellaneous maintenance operations, under the direction of the Wastewater Manager/Sr.
Wastewater Operator.
This is a technical position assigned to the wastewater treatment facility and collection systems,
conducting a variety of activities related to this area of specialty.
DUTIES AND RESPONSIBILITIES
1. Performs wastewater plant operations, including:
a. Shares responsibility for operating the wastewater treatment plant through the use of the
wastewater treatment facility SCADA system which may include interpreting treatment status,
changing operating parameters, troubleshooting, and process adjustments.
b. Collects and interprets operational data performing daily rounds at the wastewater plant and
completing the daily log sheets. Routine use of a computer to enter data, analyze trends, spot
inaccuracies or issues, track maintenance, and intra/interdepartmental communications.
c. Visually inspects screens, biofilters, aerators, electronic controls, samplers, analyzers,
compressors, chemical feed systems and any other process equipment.
d. Follows all sampling and testing protocol required by federal, state and local operational testing.
Assists with recording, filing and interpreting sample data. Assists with required daily lab work.
2. Performs wastewater plant maintenance, including:
a. Assists with coordinating and scheduling repairs and performs preventative maintenance on
plant equipment components including electrical system components and controls, mechanical
system components, plumbing system components, small engines, pumps, panels, and gauges.
b. Helps plan and execute process tank and vessel outages, cleaning, inspection and maintenance.
c. Makes appropriate, approved equipment modifications and fabricates items as directed.
d. Reads maintenance manuals to discern methods, tools and supplies required to complete
maintenance or repair tasks.
e. Completes work orders and documents tasks and procedures performed.
f. Enters work order completion into a computerized maintenance management system.
g. Performs routine and operator -level maintenance on fleet vehicles assigned to the wastewater
plant.
h. Performs metalwork: drilling, cutting, grinding, and welding
3. Performs distribution system maintenance, including:
a. Extending, lowering, or repairing customer's service line cleanout standpipes.
b. Repairs and exercises valves.
c. Builds and distributes driveway kits for water standpipes and sewer cleanouts.
4. Performs customer service functions, responds to requests for service.
a. Reviews reports and assists customers with resolving questions about wastewater service
problems.
b. Troubleshoots and identifies likely wastewater service issues that customers are experiencing.
c. Uses CCTV camera equipment and other analysis tools to investigate and confirm service line
leaks.
d. Prepares and maintains inventories of common repair parts of various types/sizes and
associated supplies/parts.
5. Assists Public Works department with emergency management functions and emergency
maintenance responses as directed.
6. Responsible for daily inspection of plant and lift station monitoring equipment.
7. May assist with monthly delinquent water shutoffs.
8. Performs snow removal on City streets, alleys, parking lots, and facilities as assigned.
9. Follows all related safety rules and regulations, including confined space entry and lockout/tagout,
and operates all equipment and vehicles in a safe manner. Attends required safety trainings.
10. Performs facility maintenance and custodial duties at the wastewater plant.
11. Participates in the rotating weekend/holiday schedule with the water and wastewater personnel.
Responds as necessary to after-hours call outs.
12. Expected to attend process and equipment trainings for continued education credits to maintain
and advance water/wastewater license certifications, and to increase knowledge and skill base of
current and revolutionary treatment methods.
13. Performs other duties and responsibilities as required and as directed.
EQUIPMENT
Commercial and light vehicles, light and heavy construction equipment, other small power equipment,
small power tools and hand tools. Communications equipment and personal computers and printer for
time entry system, email and CMMS entries. Equipment and tools related to wastewater treatment and
collections, metering equipment, facility maintenance and janitorial equipment, including snow blower,
mower and cleaning equipment.
MINIMUM QUALIFICATIONS
High School Diploma or GED, plus two years of industry -related experience OR completion of an
accredited technical program in Water and/or Wastewater operations and maintenance, plus one year
of industry -related work experience. Ability to understand, accept and carry out oral and written
directions, make decisions and complete tasks as directed with little supervision. Conscientious
acceptance of responsibility for safe working conditions and safe condition of vehicles, equipment and
tools. Ability to deal courteously and effectively with the public, department personnel, contractors and
personnel from other agencies.
DESIRABLE QUALIFICATIONS
Additional experience in wastewater treatment plant operations. Two-year post -secondary
degree/diploma in Water and/or Wastewater operations and maintenance. Class C Wastewater
Operator certification. Experience in maintaining and repairing mechanical equipment such as AC/DC
motors, solenoids, actuators, valves, drive systems, petroleum engines and pumps. General knowledge
or experience with HVAC systems, pipefitting, and welding. General knowledge of SCADA systems.
Collection systems operation and maintenance. Ability to deal courteously with staff and the public.
Effective written and oral communication skills. Previous exposure to Microsoft Office software
programs. Understanding of CMMS, inventory management or related software/hardware.
CERTIFICATION REQUIREMENTS
Class D Water and Wastewater Operator certification, Special Engineer Boiler license, Commercial Driver
License Class B with tanker endorsement and without air brake or automatic transmission restrictions or
the ability to obtain these within one year of employment as a condition of continuing employment.
Expected to attempt examination for a Class C Wastewater Operator certification when eligible.
CONTACTS AND INTERPERSONAL SKILLS
Regularly engages with a number of people, including: Public Works supervisors, lead personnel, Sr.
operators and operators; utility customers/general public, maintenance service contractors, personnel
from other City, County or State departments; occasionally with City administrative personnel.
WORKING CONDITIONS
Indoor and outdoor work. Exposure to temperature extremes, wet/or humid conditions and unpleasant
odors. Physical health hazards possible from moving vehicles and equipment, chemicals and toxic gases,
electrical shock and exposure to sharps and infectious materials. Work from high places, confined
spaces, or while being suspended. Normal winter workday is Monday -Friday 7am-3:30pm, with some
variable hours. Normal summer workday is Monday -Thursday 6:30 a.m. to 4:00 p.m. and 6:30 to 10:30
a.m. on Fridays. Alternate schedule may be available. Occasional unscheduled weekend hours, holiday
hours and work after normal working hours to respond to emergencies. Variable hours for snow
removal, as directed. May rarely be assigned to on -call or rotating duties or shifts. Responds to alarms,
emergency and snow removal call -ins within one hour.
Grade 130 Position
CITY OF HUTCHINSON
ADDENDUM TO JOB DESCRIPTIONS 1995
TO COMPLY WITH THE AMERICANS WITH DISABILITIES ACT (ADA)
FOR MAINTENANCE POSITIONS: Parks/Arena Maintenance Equipment Operator, Parks Maintenance
Specialist, Heavy Equipment Operator, Water and Wastewater Operator and Maintenance, Plant
Equipment Mechanic, Equipment Mechanic, Cemetery Maintenance, Engineering Specialist, Compost
Equipment Operator, Compost Lead, Senior Public Works Maintenance Specialist, Public Works
Maintenance Specialist.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to
successfully perform the essential functions of this job. Reasonable accommodations may be made to
enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to reach with hands and
arms. The employee frequently is required to stand, walk and use hands to finger, handle, feel or
operate objects, tools or controls. The employee is occasionally required to sit, climb or balance, stoop,
kneel, crouch, crawl, talk, hear and smell.
The employee must frequently lift and/or move up to 50 pounds and occasionally lift and/or move up to
100 pounds. Specific vision abilities required by this job include close vision, distance vision, color
vision, peripheral vision, depth perception, and the ability to adjust focus.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee
encounters while performing the essential functions of this job. Reasonable accommodations maybe
made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee regularly works near moving mechanical parts and
in outside weather conditions. The employee occasionally works in high, precarious places and is
frequently exposed to wet/or humid conditions, fumes or airborne particles, toxic or caustic chemicals,
and vibration. The employee is occasionally exposed to risk of electrical shock.
The noise level in the work environment is frequently loud.
The duties listed in job descriptions are intended only as illustrations of the various types of work that
may be performed. The omission of specific statements of duties does not exclude them from the
position if the work is similar, related or a logical assignment to the position.
The job description does not constitute an employment agreement between the employer and employee
and is subject to change by the employer as the needs of the employer and requirements of the job
change.
RESOLUTION 15615
A RESOLUTION AMENDING RESOLUTION 15544 IN REGARDS TO THE 2023
CLASSIFICATION TABLE
WHEREAS, the City Council adopted Resolution 15544 establishing the Compensation Plan
and classification assignment table for 2023 on December 27, 2022; and
WHEREAS, the City Council adopted resolution 15570 amending that resolution on February
28, 2023; and
WHEREAS, the plan notes that the City Council reserves the right to modify any or all
components or to vary from any of the components of the plan at its discretion and at any time:
and
WHEREAS, city staff is recommending changes to the classification table due to position
priority changes within the City.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Hutchinson,
Minnesota, that the 2023 classification assignment table is amended as recommended by city
staff of which a copy is attached.
Adopted by the City Council this 8" day of August, 2023.
Gary T. Forcier, Mayor
Matthew Jaunich, City Administrator
CITY OF HUTCHINSON
2023 Position Classification Table
Grade
Position
Grade
Position
110
Compost Facility Maintenance Assistant
150
Event Center/Senior Center Programmer
110
Compost Forklift Operator
150
Sales & Marketing Specialist
110
PT Adaptive Recreation Coordinator
150
Senior Water Plant Operator
110
PT Office Specialist - Event Center
150
Senior Wastewater Operator
110
PT PRCE Receptionist
150
IT Technician
120
Administrative Secretary- Public Works
160
Arborist
120
Motor Vehicle Licensing Clerk FT/PT
160
Building Inspector
120
Plan ning/Building/EDA Technician
160
City Clerk/Paralegal
120
PRCE Office Specialist - FT
160
Maintenance Lead Operator
120
Recreation Facility Maintenance Technician
160
Parks Maintenance Lead Operator
120
Recreation Specialist/Concessions Coordinator PT
160
Police Officer- FT/PT
120
Utility Billing Specialist
120
Water/Wastewater Technician
170
Senior Engineering Specialist
170
Server/Network Technician
130
Compost Laborer
130
Hospital Security Guard - FT/PT
180
Building Official
130
Human Resources/Administrative Technician
180
Facilities Manager
130
Motor Vehicle Technician
180
Motor Vehicle Deputy Registrar
130
Planning and Building Administrative Specialist
180
Parks Manager
130
Police Administrative Specialist
180
Police Sergeant
130
Police Supplemental Services Specialist
180
Project/Environmental/Regulatory Manager
130
Public Outreach and Education Coordinator
180
PRCE Facility Maintenance Manager
130
Public Works Maintenance Operator
180
Recreation Manager
43A
130
Resource Recovery Coordinator
190
Police Lieutenant
130
Wastewater Maintenance Operator
190
Assistant Finance Director
130
Wastewater Plant Operator
190
Wastewater Manager
130
Water Plant Operator
190
Water Manager
140
Compost Equipment Operator
200
Compost Manager
140
Compost Operations Specialist
200
Economic Development Director
140
Engineering Administrative Specialist
200
Fire Chief
140
Lab Technician/Wastewater Operator
200
Liquor Sales Manager
140
Lead Police Administrative Specialist
200
Public Works Manager
140
Parks Maintenance Equipment Operator
140
Payroll/Benefits Specialist
220
Finance Director
140
Plant Equipment Mechanic II
220
Human Resources Director
140
Police Data Release Coordinator
220
Information Technology Director
140
Police Investigations Specialist
220
Parks/Recreation/Community Ed (PRCE) Director
140
PRCE Facilities Operations Specialist
220
Planning Director
140
Senior Accounting Specialist
140
Senior Liquor Sales Clerk
230
City Attorney
140
Senior Public Works Maintenance Operator
230
Police Chief/Emergency Management Director
230
Public Works Director
150
Compost Coordinator
150
Inspector
260
City Administrator
150
Engineering Specialist
150
Equipment Mechanic
CHECK REGISTER A FOR CITY OF HUTCHINSON
CHECK DATE FROM 7/24/23 - 8/5/23
Check Date
Check
-----------
112481
Vendor Name
---------------------------------------------------
HUSTON, CHAD
Description
------------------------------------------------------------
REIMB: CAMPER'S COSTS FOR TOW
Amount
----------------------------
1,584.82
----------------
07/24/2023
07/28/2023
112482
Manual Employee Check
Payroll Report 7/9/23 - 7/22/23
2,126.47
07/28/2023
112483
MNPEA
Payroll Report 7/9/23 - 7/22/23
720.00
07/28/2023
112484
UNUM Life Insurance
Payroll Report 7/9/23 - 7/22/23
903.49
07/28/2023
112485
LELS Union Dues
Payroll Report 7/9/23 - 7/22/23
337.50
07/28/2023
112486
HART
Payroll Report 7/9/23 - 7/22/23
478.51
07/28/2023
EFT
EFTPS
Payroll Report 7/9/23 - 7/22/23
88,156.99
07/28/2023
EFT
Child Support
Payroll Report 7/9/23 - 7/22/23
450.39
07/28/2023
EFT
MN Dept of Revenue
Payroll Report 7/9/23 - 7/22/23
16,954.54
07/28/2023
EFT
Provident Life - Vol Ins
Payroll Report 7/9/23 - 7/22/23
383.34
07/28/2023
EFT
PERA
Payroll Report 7/9/23 - 7/22/23
62,000.89
07/28/2023
EFT
Further HSA
Payroll Report 7/9/23 - 7/22/23
15,356.01
07/28/2023
EFT
Mission Square
Payroll Report 7/9/23 - 7/22/23
4,170.94
07/28/2023
EFT
VOYA
Payroll Report 7/9/23 - 7/22/23
460.00
07/28/2023
EFT
MNDCP
Payroll Report 7/9/23 - 7/22/23
325.00
08/08/2023
112487
A.M. LEONARD INC
EQUIPMENT PARTS - STREETS
626.22
08/08/2023
112488
ACE HARDWARE - 1315
REPAIR & MAINT SUPPLIES - MULTIPLE DEPTS
956.99
08/08/2023
112489
VOID
VOIDED CHECK
-
08/08/2023
112490
ACE HARDWARE - 1790
REPAIR & MAINT SUPPLIES - FIRE
89.74
08/08/2023
112491
ACE HARDWARE - 1825
REPAIR & MAINT SUPPLIES - POLICE
15.59
08/08/2023
112492
AHLGREN ELECTRIC
OCC SENSOR REPL @ ELKS PARK RESTROOM
435.70
08/08/2023
112493
ALPHA TRAINING & TACTICS LLC
ARMOR - POLICE
5,324.48
08/08/2023
112494
AMERICAN BOTTLING CO
COST OF GOODS SOLD - LIQUOR HUTCH
391.66
08/08/2023
112495
AMERICAN RED CROSS
LIFEGUARD TRAINING - WATERPARK
184.00
08/08/2023
112496
AMPLIFY FOR CHANGE
SUPPORT TO MPCA GRANT - CREEKSIDE
2,000.00
08/08/2023
112497
ANIMAL MEDICAL CENTER ON CROW RIVER
JUN PROCESSING/BOARDING - POLICE
1,909.00
08/08/2023
112498
APWA-MN CHAPTER
D SCHUETTE COURSE REGISTRATION - STREETS
1,400.00
08/08/2023
112499
ARTISAN BEER COMPANY
COST OF GOODS SOLD - LIQUOR HUTCH
665.85
08/08/2023
112500
ATOMIC TARP LLC
CANOPY REPAIR - WATERPARK
650.00
08/08/2023
112501
BELLBOY CORP
COST OF GOODS SOLD - LIQUOR HUTCH
3,256.93
08/08/2023
112502
BENNY'S MEAT MARKET
PATTIES, HOTDOGS - REC
811.63
08/08/2023
112503
BERNICK'S
SUPPLIES - MULTIPLEDEPTS
841.38
08/08/2023
112504
BOLTON & MENK INC
OTTER & CAMPBELL LAKES THRU 7/20/23
3,875.00
08/08/2023
112505
BORDER STATES ELECTRIC
PAYING SALES TAX - IT
24.18
08/08/2023
112506
BRASS FOUNDRY BREWING CO
COST OF GOODS SOLD - LIQUOR HUTCH
602.59
08/08/2023
112507
BREAKTHRU BEVERAGE
COST OF GOODS SOLD - LIQUOR HUTCH
21,596.59
08/08/2023
112508
BROWN COUNTY SHERIFF
SUBPOENA: D ALVAREZ - LEGAL
65.00
08/08/2023
112509
BS&A SOFTWARE
ANIMAL LICENSE SYSTEM - POLICE
935.00
08/08/2023
112510
BUFFALO CREEK ENTERPRISES
COST OF GOODS SOLD - LIQUOR HUTCH
153.96
08/08/2023
112511
C & L DISTRIBUTING
COST OF GOODS SOLD - LIQUOR HUTCH
23,219.32
08/08/2023
112512
CARD SERVICES
SUPPLIES - POLICE
15.96
08/08/2023
112513
CARLOS CREEK WINERY
COST OF GOODS SOLD - LIQUOR HUTCH
1,878.00
08/08/2023
112514
CENTRAL HYDRAULICS
FITTINGS, REPAIR - PARKS
41.16
08/08/2023
112515
CENTRAL MN FIREFIGHTER'S REG ASSOC
2023 DUES - FIRE
100.00
08/08/2023
112516
CINTAS CORPORATION
SUPPLIES & SERVICE - MULTIPLE DEPTS
451.39
08/08/2023
112517
CLEAN CUT LAWN CARE
7/12 MOWING SERVICES - STORM WATER
500.00
08/08/2023
112518
COKER COMPOSTING AND CONSULTING
SUPPORTTO CASP IMPL- CREEKSIDE
412.50
08/08/2023
112519
CORNER POST EROSION CONTROL
PREP & HYDRO SEEDING - STREETS
855.00
08/08/2023
112520
CROW RIVER PRESS INC
PRINTING - MULTIPLE DEPTS
169.24
08/08/2023
112521
CROW RIVER WINERY
COST OF GOODS SOLD - LIQUOR HUTCH
512.40
08/08/2023
112522
DAHLHEIMER BEVERAGE
COST OF GOODS SOLD - LIQUOR HUTCH
61,156.01
08/08/2023
112523
DATA PRACTICES OFFICE
ADV DATA PRACTICES: PERSONNEL - CITY HALL
80.00
08/08/2023
112524
DAVE GRIEP CLEANING
CLEAN WINDOWS - LIQUOR HUTCH
75.00
08/08/2023
112525
DELEGARD TOOL CO
TOOLS, PARTS - HATS
426.02
08/08/2023
112526
DOG -ON -IT -PARKS
BAGS - PARKS
352.40
08/08/2023
112527
E2 ELECTRICAL SERVICES INC
SIGN & LIGHT REPAIRS - STREETS
4,589.32
08/08/2023
112528
ECOLAB PEST ELIMINATION
PEST CONTROL- MULTIPLE DEPTS
406.50
08/08/2023
112529
EISCHENS, THERESA
REIMB: SAFETY FOOTWEAR - POLICE
150.00
CHECK REGISTER FOR CITY OF HUTCHINSON
CHECK DATE FROM 7/24/23 - 8/5/23
Check Date
Check
-----------
112530
Vendor Name
----------- -------- ------ --------------------------
FALCON MECHANICAL
Description
------------------------------------------------------------
GAS CONNECTIONS TO GRILL -NEWPD
Amount
----------------------------
446.98
----------------
08/08/2023
08/08/2023
112531
FARM -RITE EQUIPMENT
PARTS & REPAIRS - MULTIPLE DEPTS
2,136.42
08/08/2023
112532
FASTENAL COMPANY
EQUIPMENT PARTS - MULTIPLE DEPTS
1,196.55
08/08/2023
112533
FENSKE'S STUMP REMOVAL
STUMP REMOVALS -STREETS
13,550.00
08/08/2023
112534
G R DANIELS WAREHOUSE LLC
FORKLIFT RENTAL - ARENA
300.00
08/08/2023
112535
GALLS LLC
UNIFORMS - MULTIPLE DEPTS
252.09
08/08/2023
112536
GITCH GEAR LLC
COST OF GOODS SOLD - LIQUOR HUTCH
433.00
08/08/2023
112537
GLOBAL SPECIALTY CONTRACTORS INC
FUNBRELLAS, HEATING/PROTECTION - WATERPARK
16,651.00
08/08/2023
112538
GOODPOINTE TECHNOLOGY
STREET & TRAIL PAVEMENT CONDITION SURVEY
12,045.00
08/08/2023
112539
HANSON & VASEK CONSTRUCTION
CURB/MANHOLE REPAIR -STREETS
1,800.00
08/08/2023
112540
HARRELL'S LLC
FERTILIZER - COMPOST
3,061.25
08/08/2023
112541
HAUAN, JESSI
REFUND: COACHING - REC
225.00
08/08/2023
112542
HAWK PERFORMANCE SPECIALITIES
REPLACE BATTERIES IN 2016 ZAMBONI - ARENA
11,745.00
08/08/2023
112543
HAWKINS INC
CHLORINE, SODIUM BICARBONATE - WATERPARK
4,888.77
08/08/2023
112544
HCVN-TV
2ND QTR FRANCHISE FEES
24,627.13
08/08/2023
112545
HEALTHPARTNERS INC
JULY MEDICAL INSURANCE
122,221.70
08/08/2023
112546
HEIM, MICHELLE
UB refund for account: 2-803-1730-4-00
31.99
08/08/2023
112547
HERGENRADER, LISA
REIMB: BATTERIES FOR CAMERA - MV
17.23
08/08/2023
112548
HILLYARD / HUTCHINSON
SUPPLIES - MULTIPLE DEPTS
1,366.06
08/08/2023
112549
HOME CITY ICE COMPANY
COST OF GOODS SOLD - LIQUOR HUTCH
1,303.36
08/08/2023
112550
HORIZON COMMERCIAL POOL SUPPLY
FLOW SWITCH - WATERPARK
300.71
08/08/2023
112551
HUTCHINSON CHAMBER & TOURISM
JUNE 2023 LODGING TAX
15,130.59
08/08/2023
112552
HUTCHINSON WHOLESALE #1550
EQUIPMENT PARTS - MULTIPLE DEPTS
365.09
08/08/2023
112553
HUTCHINSON WHOLESALE #1551
GASKET -COMPOST
11.01
08/08/2023
112554
IDEXX LABORATORIES
COLIFORM - WWTP
216.44
08/08/2023
112555
IMS-INDUSTRIAL MAINTENANCE SUPPLIES
PARTS & REPAIRS - MULTIPLE DEPTS
2,838.13
08/08/2023
112556
INTERNATIONAL CODE COUNCIL INC
CONT ED: DAVE HALQUIST- BLDG INSPEC
190.00
08/08/2023
112557
INTERSTATE BATTERY SYSTEM MINNEAPOL
BATTERIES - HATS
650.60
08/08/2023
112558
ISD #423
JUNE CLASSES - COMM ED & REC
59,275.26
08/08/2023
112559
JAUNICH, MATT
REIMB: CGMC CONF - ADMIN
357.64
08/08/2023
112560
JOHNSON BROTHERS LIQUOR CO
COST OF GOODS SOLD - LIQUOR HUTCH
28,427.22
08/08/2023
112561
JUST, JESSE
UB refund for account: 3-735-5700-6-01
76.41
08/08/2023
112562
JUUL CONTRACTING CO
2ND AVE SE POND (SW34) REPAIRS - STORMWATER
76,423.10
08/08/2023
112563
KERI'S CLEANING & HANDYMAN SERVICES
JULY CLEANING - MULTIPLE LOCATIONS
5,381.06
08/08/2023
112564
KRANZ LAWN & POWER
OIL FILTERS - CEMETERY
43.96
08/08/2023
112565
KWIKTRIP
PIZZAS FOR WATERPARK CONCESSIONS
2,249.20
08/08/2023
112566
L & P SUPPLY CO
SPEED -FEED 500 CAMSHELL - STREETS
36.29
08/08/2023
112567
LARSON, KEITH
DOOR INSTALL: MASONIC W RIVER SHELTER
1,250.00
08/08/2023
112568
LEAGUE OF MN CITIES
TRAINING: POLICE
400.00
08/08/2023
112569
LOGIS
MAY THRU AUG APPL SUP-GIS BASE
43,340.00
08/08/2023
112570
MACQUEEN EMERGENCY
LADDER 1 A/C COMPRESSOR - FIRE
1,577.10
08/08/2023
112571
MARCO TECHNOLOGIES LLC
JUN COST PER PRINT- VARIOUS DEPTS
545.23
08/08/2023
112572
MARCO TECHNOLOGIES LLC
7/20 - 8/20'23 CONTRACT - MULTIPLE DEPTS
1,807.08
08/08/2023
112573
MAVERICK WINE
COST OF GOODS SOLD - LIQUOR HUTCH
886.58
08/08/2023
112574
MCLEOD COUNTY AUDITOR -TREASURER
TIF #4-23 RD MACHINE EXPANSION
450.00
08/08/2023
112575
MCLEOD COUNTY HHW
HHW, BULBS, PROPANE, ELEC - POLICE
74.15
08/08/2023
112576
MENARDS HUTCHINSON
REPAIR & MAINT SUPPLIES - MULTIPLE DEPTS
1,187.47
08/08/2023
112577
MINI BIFF
RENTALS - MULTIPLE DEPTS
686.46
08/08/2023
112578
MINNESOTA DEPT OF HEALTH
CFPM APPLICATIONS - WATERPARK
70.00
08/08/2023
112579
MINNESOTA DEPT OF MOTOR VEHICLE
STRT-966-TK1 TITLE & REG - STREETS
3,622.53
08/08/2023
112580
MINNESOTA VALLEY TESTING LAB
LAB SAMPLE TESTING - MULTIPLE DEPTS
628.80
08/08/2023
112581
MISSISSIPPI TOPSOILS INC
PREMIUM COMPOST
3,672.00
08/08/2023
112582
MN DEPT OF TRANSPORTATION
6/29 JOB COST TRANSFERS - STREETS
27.45
08/08/2023
112583
MRPA
REC PROGRAMMER JOB POSTING - REC
125.00
08/08/2023
112584
MSA SAFETY SALES LLC
SENSOR - WWTP
757.00
08/08/2023
112585
MTI DISTIBUTING INC
MOBILE SERVICE - PARKS
389.00
08/08/2023
112586
MYGUY INC
CLEANERS - HATS
1,381.00
08/08/2023
112587
NATIONAL PEN CO LLC
PENS - WWTP
373.90
CHECK REGISTER FOR CITY OF HUTCHINSON
CHECK DATE FROM 7/24/23 - 8/5/23
Check Date
Check
-----------
112588
Vendor Name
---------------------------------------------------
NELSON INTERNATIONAL
Description
------------------------------------------------------------
ENGINE #2 REPAIR: NON WARRANTY ITEMS - FIRE
Amount
----------------------------
1,915.68
----------------
08/08/2023
08/08/2023
112589
NUSS TRUCK & EQUIPMENT
VISOR - STREETS
734.64
08/08/2023
112590
O'REILLY AUTO PARTS
MUSCLE MAGIC - PARKS
45.58
08/08/2023
112591
ODP BUSINESS SOLUTIONS LLC
OFFICE SUPPLIES - MULTIPLE DEPTS
235.74
08/08/2023
112592
ORACLE AMERICA INC
TALEO REVIEW SOFTWARE - MULTIPLE DEPTS
1,325.63
08/08/2023
112593
OUR SAVIORS LUTHERAN
CHILD CARE FORGIVABLE LOAN - EDA
5,086.00
08/08/2023
112594
PAL-SERV
PALLETS - COMPOST
2,834.00
08/08/2023
112595
PARAGON RESTORATION II INC
L10P22-10 BRIDGE DECK REHAB PAY #3
81,609.75
08/08/2023
112596
PAUSTIS WINE COMPANY
COST OF GOODS SOLD - LIQUOR HUTCH
3,493.50
08/08/2023
112597
PEAT INC
SPHAGNUM - COMPOST
9,219.50
08/08/2023
112598
PEN & INC
SPLENDOR GRO PLATES - COMPOST
883.42
08/08/2023
112599
PEOPLEREADY INC
CREEKSIDE TEMP STAFFING
2,439.20
08/08/2023
112600
PHILLIPS WINE & SPIRITS
COST OF GOODS SOLD - LIQUOR HUTCH
24,969.00
08/08/2023
112601
PLATHE, MARGARET
UB refund for account: 3-845-2700-4-01
57.69
08/08/2023
112602
POLYDYNE INC
CLARIFLOC- WWTP
3,654.00
08/08/2023
112603
POSTMASTER
PRE- PAID POSTCARDS - MV
12.75
08/08/2023
112604
PRECISION WELDING LLC
REPLACE LOAD BUCKET CUTTING EDGE - HATS
2,000.00
08/08/2023
112605
QUALITY FLOW SYSTEMS
KSB MONITORING MODULES - WWTP
778.88
08/08/2023
112606
QUALITY NEW & USED PALLETS
PALLETS - CREEKSIDE
3,168.00
08/08/2023
112607
QUILL CORP
OFFICE SUPPLIES - MULTIPLE DEPTS
432.19
08/08/2023
112608
R & R EXCAVATING
L1P23-01: ROBERTS RD SW #5 6/27 - 7/24
283,504.21
08/08/2023
112609
RAHN PAINTING & CONTRACTING LLC
2023 LANDSCAPING - STRT, WWTF, CEMT
995.00
08/08/2023
112610
RATH, WANDA
REFUND; CLASS CANCELLED - COMM ED
24.00
08/08/2023
112611
RECREONICS
SS HOOKS, DPD POWDER - WATERPARK
162.72
08/08/2023
112612
REINDERS
EQUIPMENT PARTS - PARKS
1,887.65
08/08/2023
112613
REINER ENTERPRISES INC
CREEKSIDE FREIGHT TO MULTIPLE LOCATIONS
832.44
08/08/2023
112614
RIGID HITCH
PINTLE MOUNT -STREETS
221.94
08/08/2023
112615
RUNNING'S SUPPLY
REPAIR & MAINT SUPPLIES - MULTIPLE DEPTS
45.27
08/08/2023
112616
SAMBATEK LLC
AIRPORT PROJECT SERVICES THRU 5/31/23
315.00
08/08/2023
112617
SASCS LLC
LEADERSHIP IN SPRV: ANTHONY M - FIRE
65.00
08/08/2023
112618
SCHMIDT, JAKE & CAITLIN
UB refund for account: 1-246-1110-6-00
403.73
08/08/2023
112619
SHORT-ELLIOT-HENDRICKSON INC
JUNE WARRANTY REPAIRS & CITY ENGINEERING
5,643.15
08/08/2023
112620
SHUFELT, FRED & CAROL
UB refund for account: 3-287-2550-8-01
69.07
08/08/2023
112621
SJF MATERIAL HANDLING INC
WIRE DECKS- WWTP
67.00
08/08/2023
112622
SKYLINE AGGREGATE
WASHED SAND - CREEKSIDE
4,425.63
08/08/2023
112623
SMALL LOT MN
COST OF GOODS SOLD - LIQUOR HUTCH
2,371.23
08/08/2023
112624
SMITH, JENNA
UB refund for account: 3-130-1050-1-01
32.33
08/08/2023
112625
SCRENSEN'S SALES & RENTALS
EDGER RENTAL- WWTP
69.00
08/08/2023
112626
SOUTHERN WINE & SPIRITS OF MN
COST OF GOODS SOLD - LIQUOR HUTCH
25,938.38
08/08/2023
112627
STANDARD PRINTING-N-MAILING
SPEEDEE TO GRAINGER - WWTP
17.95
08/08/2023
112628
STAPLES ADVANTAGE
OFFICE SUPPLIES - MULTIPLE DEPTS
146.26
08/08/2023
112629
STREICH TRUCKING
CREEKSIDE FREIGHTTO MULTIPLE LOCATIONS
3,570.00
08/08/2023
112630
STURGES, ALICIA
REFUND: FASTPITCH TOURN CANC - REC
50.00
08/08/2023
112631
SUMMER LAKES BEVERAGE LLC
COST OF GOODS SOLD - LIQUOR HUTCH
645.75
08/08/2023
112632
SYSCO WESTERN MN
CONCESSION SUPPLIES - WATERPARK
2,598.18
08/08/2023
112633
TACTICAL SOLUTIONS
RADAR & LASER UNITS CERTS - POLICE
355.00
08/08/2023
112634
TERMINAL SUPPLY CO
EQUIPMENT PARTS - STREETS
1,386.10
08/08/2023
112635
THE RIVER CHURCH
REFUND: CANCELLED EVENT - REC
735.00
08/08/2023
112636
THOMPSON, DENEIL
REIMB: RX SAFETY GLASSES - STREETS
125.00
08/08/2023
112637
TITAN MACHINERY
REBUILD CYLINDER ON LOADER - COMPOST
1,716.80
08/08/2023
112638
TNT PLASTICS INC
SPLENDORGRO BAG FILM - CREEKSIDE
34,234.59
08/08/2023
112639
TOWMASTER INC
LED PLOW LAMP KIT- STREETS
610.00
08/08/2023
112640
TRI COUNTY WATER
BOTTLE WATER DELIVERY - MULTIPLE DEPTS
185.00
08/08/2023
112641
TRUGREEN AND ACTION PEST CONTROL
2023 PROGRAM - CEMETERY
3,768.50
08/08/2023
112642
TWO-WAY COMMUNICATIONS INC
EQUIPMENT PARTS - MULTIPLE DEPTS
1,199.11
08/08/2023
112643
UNUM LIFE INSURANCE CO OF AMERICA
AUG LIFE INSURANCE
3,010.74
08/08/2023
112644
US IDENTIFICATION MANUAL
MANUAL UPDATES THRU 9/2024 - MV
82.50
08/08/2023
112645
1 USA BLUE BOOK
PHOSVER 3 PHOSPHATE REAGENT - WWTP
135.24
CHECK REGISTER A FOR CITY OF HUTCHINSON
CHECK DATE FROM 7/24/23 - 8/5/23
Description
=-----------------------------------------------------------
L2P22-02, 23-02, & 22-03: 2023 PAVEMENT IMPVS
Amount
----------------------------
44,957.10
Check Date
----------------
Q8/Q8/2023
08/08/2023
Check
----------
1d2646
Vendor Name
--------------------------------------------------
VALLEY PAVING INC
VESSCO INC
112647
HOSE - WWTP
967.02
08/08/2023
112648
VIKING BEER
COST OF GOODS SOLD - LIQUOR HUTCH
19,431.60
08/08/2023
112649
VIKING COCA COLA
COST OF GOODS SOLD - LIQUOR HUTCH
482.55
08/08/2023
112650
VIKING SIGNS & GRAPHICS INC
SIGNS - PARKS
480.00
08/08/2023
112651
VINOCOPIA INC
COST OF GOODS SOLD - LIQUOR HUTCH
7,904.21
08/08/2023
112652
WASTE MANAGEMENT OF WI -MN
REFUSE TAKEN TO LANDFILL
REFUND: FASTPITCH GATE FEE, COACHING - REC
231.03
325.00
08/08/2023
112653
WAWRZYNIAK, SCOTT
08/08/2023
112654
WILSON'S NURSERY INC
TREES - MULTIPLE DEPTS
1,064.00
3,515.73
08/08/2023
112655
WINE COMPANY, THE
COST OF GOODS SOLD - LIQUOR HUTCH
08/08/2023
112656
WINE MERCHANTS INC
COST OF GOODS SOLD - LIQUOR HUTCH
1,260.05
08/08/2023
112657
WINN, DALLAS & AMBER
UB refund for account: 2-440-7250-8-02
156.99
08/08/2023
112658
W M MUELLER & SONS
SAND, REPAIRS - STREETS
GLOVES - HATS
28,906.20
08/08/2023
112659
ZACK'S INC
630.60
08/08/2023
112660
ZIEGLER INC
ASPHALT COMPACTOR REPAIR - STREETS
1,086.72
Total - Check Register A:
$ 1,448,071.01
��SCNINg�y
6
�T/CITIES
July 27, 2023
Hutchinson
Utilities
Commission
Honorable Mayor Forcier and Council Members
111 Hassan Street SE
Hutchinson, MN 55350
Dear City Council,
225 Michigan Street SE
Hutchinson, MN 55350-1905
320-587-4746 1 Fax 320-587-4721
www.hutchinsonutilities.com
Putting All of Our Energy into Serving You
The purpose of this letter is to provide notice to the City of Hutchinson that on Wednesday July 261h, 2023 the
Hutchinson Utilities Commission (HUC) approved resolution 23-01 changing the retail rate structure for 3
years on all customer classes within the Electric & Natural Gas Divisions. Pursuant to the City of Hutchinson
Charter section 11.04, such veto power shall be exercised, if at all, within 30 days after the council has
received notice of any proposed change in charge and rate.
To recap, on April 201h, 2023 Utility Financial Solutions, LLC presented the final results of the Cost of Service
(COS) study to HUC. The results showed HUC was currently and continues to be in good financial position,
appropriately forecasts operational and capital expenses, and that the financial policies adopted by HUC meet
benchmarks utilized by Utility Financial Solutions, LLC as part of the COS study. Based on the COS study
results appropriate rate design structures and various +/- bandwidth, % rate changes, and glide paths were
considered and approved with a conscious effort on minimizing the impact to customers.
HUC is making a mindful decision to continually move towards the cost of service results for each class while
continuing to better align the various cost components of the utilities more closely with the monthly revenue
components collected on a customer's bill. HUC's decision to approve a 3-year rate adjustment in both
divisions will continue to promote customer equitability and minimize future increases when the next cost of
service study is completed.
HUC will look to adjust the rates starting October 151 of each year when energy consumption in both divisions
is typically low to minimize the impact to customers.
In conclusion, please find enclosed the adopted resolution and some additional materials for review. I will plan
to attend the Council meeting on August 81h to answer any questions from the council. However, please feel
free to reach out to me directly if there are questions ahead of time.
Sincerely,
Jeremy J. Carter
General Manager
Hutchinson Utilities Commission
Resolution No. 23-01
A RESOLUTION CHANGING THE HUTCHINSON UTILITIES COMMISSION
RATE STRUCTURE FOR 2023, 2024 & 2025 FOR ELECTRIC AND NATURAL GAS DIVISIONS
Be It Resolved by the Hutchinson Utilities Commission:
That the current Electric and Natural Gas Retail Rates paid by customers of the Hutchinson Utilities
Commission be changed as follows:
Electric Division Table:
Current
2023
2024
2025
Residential
Monthly Customer Charge
$16.90
$17.00
$17.10
$17.20
Energy Charge (per KWH)
$0.07852
$0.08235
$0.08632
$0.09040
Small General
Monthly Customer Charge
$71.60
$23,90
$26.20
$28,50
Energy Charge (per KWH)
Block 1 (0-2000 KWH)
$0.08994
$0.09242
$0.09504
$0.09780
Block 2 (More than 2000 KWH)
$0.08078
$0.08300
$0.08536
$0.08784
Large General
Monthly Customer Charge
$107.60
$122.50
$137.40
$152.30
Energy Charge (per KWH)
$0.05783
$0.05796
$0.05812
$0.05832
Demand Charge (per KW)
$10.00
$10.50
$11.00
$11.50
Large Industrial
Monthly Customer Charge
$300.80
$344.70
$388.60
$432.50
Energy Charge (per KWH)
$0.05274
$0.05328
$0.05385
$0.05445
Demand Charge (per KW)
$11.00
$11.50
$12.00
$12.50
Security Lights
Monthly Customer Charge
Sect 150
$3.00
-
-
SecL 250
$3.50
-
-
-
SecL 400
$4.08
-
-
-
SecL 150 Unmetered
$7.00
-
-
SecL 250 Unmetered
$1.0.00
-
-
SecL 450 Unmetered
$13.26
-
-
-
SecL 70 Watt LED metered
$3.00
$3.14
$3.28
$3.42
Sect 70 Watt LED Unmetered
S7.00
$7.32
$7.64
/.99
Natural Gas Division Table:
Current
2023
2024
2025
Residential
Monthly Customer Charge
$16.10
$16.70
$17.30
$17.90
Gas Commodity Charge (per MCF)
$7.4040
$7.3000
$7.2000
$7.1000
Commercial
Monthly Customer Charge
$64.70
$76.70
$88.70
$100.70
Gas Commodity Charge (per MCF)
$7.9682
$7.6937
$7.4192
$7.1447
Large Industrial
Monthly Customer Charge
$285.00
$311.00
$337.00
$363.00
Gas Commodity Charge (per MCF)
$7.5450
$7.5450
$7.5450
$7.5450
Demand Charge (Max Daily MCF/month)
$8.00
$8.00
$8.00
$8.00
AND BE IT FURTHER RESOLVED, that the General Manager of the Hutchinson Utilities
Commission, Jeremy J Carter, shall provide notice of these rate changes to the City Council of
the City of Hutchinson.
Adopted by the Hutchinson Utilities Commission this
2023
Attest:
Don Martinez, Secretary
day of
Hutchinson Utilities Commission
Anthony Hanson, President
HUTCH
UTILITIES
Commission
Hutchinson Utilities
Commission
June 5, 2023
UTILITY FINANCIAL
SOLUTIONS. LLC
Corporate location:
Utility Financial Solutions, LLC
185 Sun Meadow Court
Holland, MI USA 49424
(616) 393-9722
Fax (888) 566-4430
Hutchinson Utilities Commission - Electric
Rate Design
Table of Contents
Page
Rate Design Summary 3
Projected Residential Rates 4
Projected Small General Service states 5
Projected Street Lights Rates 6
Projected Security Lights Rates 7
Projected Large General Service Rates 8
Projected Large Industrial Rates g
Hutchinson Utilities - Electric
Rate Design
Rate Design Summary
Projected Projected Projected Projected Projected Projected
Projected
Revenues Under
Revenues Under
Revenues Under
Percentage
Percentage
Percentage
Revenues Under
Proposed Rates
Proposed Rates
Proposed Rates
Change
Change
Change
Customer Class
Current Rates
Year 1
Year 2
Year 3
Year 1
Year 2
Year 3
Cos
Residential
$ 5,955,445
$ 6,178,619
$ 6,409,663
$ 6,646,893
3.7%
3.7%
3.7%
18.1%
Small General Service
1,839,457
1,906,215
1,975,503
2,047,073
3.6%
3.6%
3.69/c
15.4°%
Street Lights
143,000
148,005
153,186
158,547
3.5%
3.5%
3.5°%
9.7%
Security Lights
9,925
10,372
10,838
11,326
4.5%
4.5%
4.5%
15.2%
Large General Service
8,157,524
8,316,216
8,477,571
8,642,476
1.9%
1.9%
1.9%
8.1%
Large Indus`0ol
9,338,444
9,520,465
9,705,127
9,893,872
1.9%
1.9%
3.9%
9.61/0
Totals $ 25,443,797
$ 26,079,892
$ 26,731,889
$ 27,400,196
2.50'%
2.50•%
2.50°%
11.6%
Mi
Hutchinson Utilities - Electric
Electric Rate Design
Residential
Rates
Current
Year 1
Year 2
Year 3
Monthly Facilities Charge:
All Customers
$
16.90
$
17.00
$
17.10
$
17.20
Energy Charge:
All Energy
$
0.07852
$
0.08235
$
0.08632
$
0.09040
Power Cost Adjustment:
All Energy
$
0.00385
$
0.00385
$
0.00385
$
0.00385
Revenue from Rate
$
5,955,445
$
6,178,619
$
6,409,663
$
6,646,893
Change from Previous
3.7%
3.7%
3.7%
Change by Monthly kWh Usage (%)
5.0%
4.0%
W
ea
c
r 3.0%
U
m 2.0%
C
W
U
a 1.0%
Year 1 -Year 2 Year 3
0.0% -
300 400 500 600 700 800 900 1000 1100 1200
Energy (kWh)
Monthly $ Change by Energy Usage
All Energy Year 1 Year 2 Year 3
300
$
1.25
$
1-29
$
1.32
400
$
1.63
$
1.69
$
1.73
500
$
2.02
$
2.08
$
2.14
600
$
2.40
$
2.48
$
2.55
700
$
2.78
$
2.88
$
2.96
800
$
3.16
$
3.28
$
3.36
900
$
3.55
$
3.67
$
3.77
1000
$
3.93
$
4.07
$
4.18
1100
$
4.31
$
4.47
$
4.59
LIM
Electric Rate Design 4 of 9
Hutchinson Utilities - Electric
Electric Rate Design
Small General Service
Rates Current Year 1 Year 2 Year 3
Monthly Facilities Charge:
All Customers
$
21.60
$
23.90
$
26.20
$
28.50
Energy Charge:
Block 1(0 - 2,000 kWh)
$
0.08994
$
0.09242
$
0.09504
$
0.09780
Block 2 (Excess)
$
0.08078
$
0.08300
$
0.08536
$
0.08784
Power Cost Adjustment:
All Energy
$
0.00385
$
0.00385
$
0.00385
$
0.00385
Revenue from Rate
$
1,839,457
$
1,906,215
$
1,975,503
$
2,047,073
Change from Previous
3.6%
3.6%
3.6%
Change by Monthly kWh Usage (%)
5.0%
4.0%
ho
r 3.0%
u
00 2.0%
Y
C
U
y 1.0%
a
Year 1 Year 2 -Year 3
0.0% ---
700 950 1200 1450 1700 1950 2200 2450 2700
Energy (kWh)
Monthly $ Change by Energy Usage
Energy
Year 1
Year
Year 3
700
$ 4.0:3 $
4.14
$
413
950
$ 4.65 $
4.79
$
4.92
1200
$ 5.27 $
5.45
$
5.61
1450
$ 5.89 $
6.11
$
6.30
1700
$ 6.51 $
6.76
$
6.99
1950
$ 7.13 $
7.42
$
7.68
2200
$ 7.70 $
8.02
$
8.31
2450
$ 8.26 $
8.61
$
8.93
2700
$ 8.81 $
9.20
$
9.55
Electric Rate Design 5 of 9 UT�T l�.�L
Hutchinson Utilities - Electric
Electric Rate Design
Large General Service
Rates Current Year 1 Year 2 Year 3
Monthly Facilities Charge:
All Customers
$
107.60
$
122.50
$
137.40
$
152.30
Energy Charge:
All Energy
$
0.05783
$
0.05796
$
0.05812
$
0.05832
Demand Charge
All Demand (w/ 75% ratch
$
10.00
$
10.50
$
11.00
$
11.50
Power Cost Adjustment:
All Energy
$
0.00385
$
0.00385
$
0.00385
$
0.00385
Revenue from Rate
$
8,157,524
$
8,316,216
$
8,477,571
$
8,642,476
Change from Previous
2.9%
2.9%
1.9%
9 4.0%
a
ao
r 3.0%
U
2.
m 0%
C
a
u
a 1.0%
a
0.0%
30%
Change by Percent Load Factor with average load 185kW (%)
Year 1 -Year 2 -.Year 3
35% 40% 45% 50% 55% 60% 65% 70%
Load Factor (%)
Monthly $ Change by Customer Load Factor
Load Factor Year 1 Year 2 Year 3
30%
$
112.84
$
114.06
$
115.69
35%
$
113.72
$
115.14
$
117.04
40%
$
114.60
$
116.23
$
118.39
45%
$
115.48
$
117.31
$
119.74
50%
$
116.36
$
118.39
$
121.10
55%
$
117.24
$
119.47
$
122.45
60%
$
118.12
$
120.56
$
123.80
65%
$
119.00
$
121.64
$
125.16
70%
$
119.88
$
122.72
$
126.51
Electric Rate Design 6 of 9 UT�T l�.�L
Hutchinson Utilities - Electric
Electric Rate Design
Large Industrial
Rates Current Year 1 Year 2 Year 3
Monthly Facilities Charge:
All Customers
$
300.80
$
344.70
$
388.60
$
432.50
Energy Charge:
All Energy
$
0.05274
$
0.05328
$
0.05385
$
0.05445
Demand Charge
All Demand
$
11.00
$
11.50
$
12.00
$
12.50
Power Cost Adjustment:
All Energy
$
0.00385
$
0.00385
$
0.00385
$
0.00385
Revenue from Rate
$
9,338,444
$
9,520,465
$
9,705,127
$
9,893,872
Change from Previous
2.9%
2.9%
2.9%
Change by Percent Load Factor with average load 185kW(%)
5.0%
4.0%
i
no
C
t 3.0%
u
m 2 0%
C
W
u
a 1.0%
—Year 1 —Year 2 —Year 3
0.0%
50% 55% 60% 65% 70% 75% 80% 85% 90%
Load Factor(%)
Monthly $ Change by Customer Load Factor
Load Factor Year 1 Year 2 Year 3
50%
$
4,511.77
$
4,563.13
$
4,642.50
55%
$
4,638.77
$
4,695.26
$
4,782.57
60%
$
4,765.76
$
4,827.39
$
4,922.64
65%
$
4,892.76
$
4,959.53
$
5,062.71
700A
$
5,019.76
$
5,091,66
$
5,202.78
75%
$
5,146.75
$
5,223.79
$
5,342.85
80%
$
5,273.75
$
5,355.92
$
5,482.92
85%
$
5,400.74
$
5,488.05
$
5,622.99
900A
$
5,527.74
$
5,620.18
$
5,763.05
Electric Rate Design 7 of 9 UT�T l�.�L
Hutchinson Utilities - Electric
Electric Rate Design
Street Lights
Rates Current Year 1 Year 2 Year 3
Monthly Facilities Charge:
StrL 100
$
6.45
$
6.68
$
6.91
$
7.15
StrL 150
$
6.45
$
6.68
$
6.91
$
7.15
StrL 175
$
7.17
$
7.42
$
7.68
$
7.95
StrL 200
$
8.83
$
9.14
$
9.46
$
9.79
StrL 250
$
8.85
$
9.16
$
9.48
$
9.81
StrL 400
$
12.36
$
12.79
$
13.24
$
13.70
Revenue from Rate $ 143,000 $ 148,005 $ 153,186 $ 158,547
Change from Previous 3.5% 3.5% 3.5%
Electric Rate Design 8 of 9 �V WRIAL
S TI %M L L
Hutchinson Utilities - Electric
Electric Rate Design
Security Lights
Rates Current Year 1 Year 2 Year 3
Monthly Facilities Charge:
Sect 150
$
3.00
$
3.14
$
3.28
$
3.42
Sect 250
$
3.50
$
3.66
$
3.82
$
3.99
5ecL 400
$
4.08
$
4.26
$
4.46
$
4.66
Sect 150 Unmetered Rate
$
7.00
$
7.32
$
7.64
$
7.99
Sect 250 Unmetered Rate
$
10.00
$
10.45
$
10.92
$
11.41
Secl. 400 Unmetered Rate
$
13.26
$
23.86
$
14.48
$
15.13
Revenue from Rate $ 9,925 $ 10,372 $ 10,838 $ 11,326
Change from Previous 4.5% 4.5% 4.5%
Electric Rate Design
9of9
HUTCHINSON
UTILITIES
Commission
Hutchinson Utilities
Commission
Natural Gas Cost of Service Study
Rate Design
( Industrial with +0.4% )
PJFS
June 19, 2023
UTILITY FINANCIAL
SOLUTIONS. LLC
Corporate location:
Utility Financial Solutions, LLC
185 Sun Meadow Court
Holland, MI USA 49424
(616) 393-9722
Fax (888) 566-4430
Hutchinson Utilities - Gas
Rate Design
Table of Contents
Page
Rate Design Summary 3
Projected Residential (60) Rates 4
Projected Commercial (65) Rates 5
Projected Large Industrial 1 (89/91) hates 6
Projected Large Industrial 2 (HTI) Rates 7
Projected Large Industrial 3 (3M) Rates 8
UTILITY F+HANCIAL
Hutchinson Utilities - Gas
Rate Design
Rate Design Summary
Projected
Projected
Projected
Projected
Projected
Projected
Projected
Revenues Under
Revenues Under
Revenues Under
Percentage
Percentage
Percentage
Revenues Under
Proposed Rates
Proposed Rates
Proposed Rates
Change
Change
Change
Customer Class
Current Rates
Year 1
Year 2
Year 3
Year 1
Year 2
Year 3
COS
Residential (60)
$ 4,430,028
$ 4,427,931
$ 4,427,403
$ 4,426,874
0.0%
0.0%
0.0%
0.2%
Commercial (65)
3,238,258
3,238,258
3,238,258
3,238,258
0.0%
0.0%
0.0%
-1.9%
Large Industrial
5,579,353
5,600,605
5,621,857
5,643,109
0.4°A
0.4%
0.4%
2.5%
Totals $ 13,247,640
$ 13,266,795
$ 13,287,518
$ 13,308,242
0.14%
0.16%
0.16%
0.00%
Large Industrial breakdown
Large Industrial 1 (89/91) $
422,436 $
422,748 $
423,060 $
423,372
0.1%
0.1%
0.1%
-12.2%
Large Industrial 2 (HTI)
416,265
417,549
418,833
420,117
0.3%
0.3%
0.3%
-4.4%
Large Industrial 3 (3M)
4,740,652
4,760,308
4,779,964
4,799,620
0.4%
0.4%
0.4%
4.4%
Totals $
5,579,353 $
5,600,605 $
5,621,857 $
5,643,109
0.4%
0.4%
0.4%
0.7%
UFS
Hutchinson Utilities - Gas
Natural Gas Rate Design
Residential (60)
Rates
Current
Year
Year2
Year3
Monthly Facilities Charge:
All Customers
$
16.10
$
16.70
$ 17.30
$
17.90
Commodity Charge:
All Gas (MCF)
$
7.4040
$
7.3000
$ 7.2000
$
7.1000
Gas Cast Adjustment:
All Gas (MCF)
$
1.25000
$
1.25000
$ 1.25000
$
1.25000
Revenue from Rate
$
4,430,028
$
4,427,931
$ 4,427,403
$
4,426,874
Change from Previous
0.0%
0.0%
0.0%
Change by Monthly MCF Usage (%)
3.0%
2.0%
1.0%
0.0%
3 4 5 fi 7
-1.0%
-2.0%
Year 1 -Year 2 -Year 3
3.0%
Gas (MCF)
Monthly $ Change by Gas Usage
All Gas (MCF) Year 1 Year 2 Year 3
2
$
0.39
$ 0.40
$ 0.40
3
$
0.29
$ 0.30
$ 0.30
4
$
0.18
$ 0.20
$ 0.20
5
$
0.08
$ 0.10
$ 0.10
6
$
(0.02)
$ -
$ -
7
$
(0.13)
$ (0.10)
$ (0.10)
8
$
(0.23)
$ (0.20)
$ (0.20)
9
$
(0.34)
$ (0.30)
$ (0.30)
10
$
(0.44)
$ (0.40)
$ (0.40)
11
$
(0.54)
$ (0.50)
$ (0.50)
Electric Rate Design
4of8
los-
UTILFTY FINANCIAL
Sd K*ft. L
Hutchinson Utilities - Gas
Natural Gas Rate Design
Commercial (65)
Rates
Current
Year 1
Year 2
Year 3
Monthly Facilities Charge:
All Customers
$
64.70
$
76.70
$
88.70
$
100.70
Commodity Charge:
All Gas (MCF)
$
7.9682
$
7.6937
$
7.4192
$
7.1447
Gas Cost Adjustment:
All Gas (MCF)
$
1.25000
$
1.25000
$
1.25000
$
1.25000
Revenue from Rate
$
3,238,258
$
3,238,258
$
3,238,258
$
3,238,258
Change from Previous
0.0%
0.0%
0.0%
Monthly $ Change by Gas Usage
All Ga__ (MCF) Year1 Year Year
25
$
5.14
$ 5.14
$ 5.14
30
$
3.77
$ 3.77
$ 3.77
35
$
2.39
$ 2.39
$ 2.39
40
$
1.02
$ 1.02
$ 1.02
45
$
(0.35)
$ (0.35)
$ (0.35)
50
$
(1.72)
$ (1.72)
$ (1.72)
55
$
(3.10)
$ (3.10)
$ (3.10)
60
$
(4.47)
$ (4.47)
$ (4.47)
65
$
(5.84)
$ (5.84)
$ (5.84)
70
$
(7.21)
$ (7.21)
$ (7.21)
Electric Rate Design
5of8
Hutchinson Utilities - Gas
Gas Rate Design
Industrial (89/91)
Rates Current Year 1 Year 2 Year 3
Monthly Facilities Charge:
Monthly Charge
$
285.00
$
311.00
$
337.00
$
363.00
Commodity Charge:
All Gas (MCF)
$
7.54500
$
7.54500
$
7.54500
$
7.54500
Demand Charge
Peak Day Demand (max daily MCF/mth)
$
8.00
$
8.00
$
8.00
$
8.00
Gas Cost Adjustment:
All Gas (MCF)
$
-
$
-
$
-
$
-
Revenue from Rate
$
422,436
$
422,748
$
423,060
$
423,372
Change from Previous
0.1%
0.1%
0.1%
Change by Monthly Gas (MCF) Usage (%)
3.0%
2.0%
1.0%
0.0%
2, 00 2,700 3,200 3,700 4,200 4,700 5,200 5,700 6,200
-1.0%
-2.0%
Year 1 Year 2 - Year 3
-3.0%
Gas (MCF)
All Gas (MCF)
Year 1
Year 2
Year 3
2200
$
26.00
$
26,00
$
26.00
2700
$
26.00
$
26.00
$
26.00
3200
$
26.00
$
26.00
$
26.00
3700
$
26.00
$
26.00
$
26.00
4200
$
26.00
$
26.00
$
26.00
4700
$
26.00
$
26.00
$
26.00
5200
$
26.00
$
26.00
$
26.00
5700
$
26.00
$
26.00
$
26.00
6200
$
26.00
$
26.00
$
26.00
Electric Rate Design
6 of 8
unun rw�no•i
sownan, uc
Hutchinson Utilities - Gas
Gas Rate Design
Industrial (HTI)
Rates Cu,rent Year 1 Year 2 Year 3
Monthly Facilities Charge:
Monthly Charge
$
215.00
$
322.00
$
429.00
$
536.00
Commodity Charge:
All Gas (MCF)
$
7.61550
$
7.61550
$
7.61550
$
7.61550
H UC Transportation (MCF)
$
1.00000
$
1.00000
$
1.00000
$
1.00000
Demand Charge
Peak Day Demand (max daily MCF/mth)
$
10.33
$
10.33
$
10.33
$
10.33
Gas Cost Adjustment:
All Gas (MCF)
$
$
-
$
-
$
-
Revenue from Rate
$
416,265
$
417,549
$
418,833
$
420,1.17
Change from Previous
0.3%
0.3%
0.3%
Change by Monthly Gas (MCF) Usage (%)
3.096
10%
1.0%
i 2,300 2,800 3,300 3,800 4,300 4,800 S,300 S,800
Year 1 Year 2 -Year 3
-3.0%
Gas (MCF)
Monthly $ Change by Gas Usage
All Gas (MCF)
Year 1
Yearn
Year 3
. 1800
$
107.00
$
107.00
_
$
107 ,aa
2300
$
107.00
$
107.00
$
107.00
2800
$
107.00
$
107.00
$
107.00
3300
$
107.00
$
107.00
$
107.00
3800
$
107.00
$
107.00
$
107.00
4300
$
107.00
$
107.00
$
107.00
4800
$
107.00
$
107.00
$
107.00
5300
$
107.00
$
107.00
$
107.00
5800
$
107.00
$
107.00
$
107.00
4l1S
Electric Rate Design 7 of 8 Vf"
Hutchinson Utilities - Gas
Gas Rate Design
Industrial (3M)
Rates Current Year 1 Year 2 Year 3
Monthly Facilities Charge:
Monthly Charge
$
215.00
$
488.00
$
761.00
$
1,034.00
Commodity Charge:
All Gas (MCF)
$
5.45798
$
5.45798
$
5.45798
$
5.45798
H UC Transportation (MCF)
$
0.47000
$
0.47000
$
0.47000
$
0.47000
Demand Charge
Peak Day Demand (max daily MCF/mth)
$
9.00
$
9.00
$
9.00
$
9.00
Gas Cost Adjustment:
All Gas (MCF)
$
-
$
-
$
-
$
-
Revenue from Rate
$
4,740,652
$
4,760,308
$
4,779,964
$
4,799,620
Change from Previous
0.4%
0.4%
0.4%
Change by Monthly Gas (MCF) Usage (%)
3.0%
2.0%
1.0%
0.0•,v
7, ❑ 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000
-1.0%
-2.0%
Year 1 -Year 2 Year 3
-3.0%
Gas (MCF)
Monthly $
Change by Gas
Usage
All Gas (MCF)
Year 1
Yearn_
Year 3
~ 7000
$
273.00
$
273.00
$
273.06
8000
$
273.00
$
273.00
$
273.00
9000
$
273.00
$
273.00
$
273.00
10000
$
273.00
$
273.00
$
273.00
11000
$
273.00
$
273.00
$
273.00
12000
$
273.00
$
273.00
$
273.00
13000
$
273.00
$
273.00
$
273.00
14000
$
273.00
$
273.00
$
273.00
15000
$
273.00
$
273.00
$
273.00
Electric Rate Design 8 of 8 UPS
ELECTRIC RATES
Current Rates
Residential
Monthly Charge
$
16.90
Energy Charge (per Kwh)
$
0.07852
Small General
Monthly Charge
S
22.60
Energy Charge (per Kwh) "Block 1"
$
0.09994
Energy Charge (per Kwh) "Block 2"
$
0.08078
Large General
Monthly Charge
$
107.60
Energy Charge (per Kwh)
$
0.05783
Demand Charge (per KW)
$
10.00
Industrial
Monthly Charge
$
300.80
Energy Charge (per Kwh)
$
0.05274
Demand Charge (per KW)
$
11.00
NATO RAIL GAS RATES
Current Rates
Residentiel
Monthly Charge
$
26.20
Gas Commodity Charge (per MCF)
$
7.4040
Commercial
Monthly Charge
$
64.70
Gas Commodfy Charge (per MCF)
$
7.9682
Large Industrial
Monthly Charge
$
285.00
Gas Commodity Charge (per MCF)
S
7.5450
Demand Charge (Max Daily MCF per/month)
$
8.00
Central Industrial Customers
CusWmerkl
Monthly Charge
$
21.5.00
Transportation Charge
S
2.00
Demand Charge (Max Daily MCF per/month)
S
10.33
CusWmerlr2
Monthly Charge
S
21.5.00
Transportation Charge
$
0.4700
Demand Charge (Max Daily MCF per/marsh)
S
9.00
PROPOSED RATE SCHEDULE
Rate class
Annual% Inc.
10/1/2023 10/1/2024 10/1/2025
$ 17.00 $ 17.10 $ 17.20
3.70%
$ 0.08235 $ 0.08632 $ 0,09040
$ 23.90 $ 26.20 $ 28.50
3.60%
$ M09242 $ 0,09504 $ 0.09780
S o.D$300 $ a oe536 $ 0_De794
$ 122.50 S 137.40 $ 152,30
1.90%
$ 0.05796 $ 0.05812 $ 0.05832
$ 10.50 $ 11.00 $ 11.50
$ 344.70 S 388.60 $ 432.50
1.9096
$ 0.05328 $ 0.05385 $ OA5445
$ 11.50 $ 12.00 $ 12.50
'PROPOSED RATE SCHEDULE
"ALTERNATE RATE SCHEDULE
Rate Class
Annual% Inc.
10/1/2023 10/l/2024 10/1/2025
10/1/2023 10/1/2D24 10/1/2025
$ 16.70 $ 17.30 $ 17,90
$ 7.300D $ 7.200D $ 7.1000
S 76.70 S 88.70 $ 100.70
$ 7.6937 S 7.4192 S 7.1447
-
$ 311.00 $ 337.00 $ 363.00
$ 311.00 $
337.00 5 363.00
$ 7.5450 S 7.545D $ 7.5450
S 7.5450 $
7.5450 S 7.5450
$ 8.00 $ 8.00 $ 8.00
$ 8.50 $
9.00 $ 9.51
S 322.00 $ 429.00 $ 536.00
$ 322.00 $
429.00 $ 536.00
.396/.M
$ 1.00 $ 1.00 $ 1.00
S 1.00 $
1.00 $ 1.00
S 10.33 $ 10-33 S 10.33
5 11.25 S
12_20 S 13.15
$ 488.00 $ 761.00 $1,034.00
S 488.00 $
761.00 S 1,034.00
.4%/1.096
$ 0.4700 $ 0.4700 $ 0.4700
$ 0.4850 $
0.5000 $ 0.5150
$ 9.00 S 9.00 S 9.00
$ 9.50 $
10.00 $ 1O,50
• Proposed Rate schedule reflects an annual .4%Natural Gas Industrial class rate shift
•• Alternate Rate schedule reflects an annual 1%Natural Gas industrial class rate shift
ELECTRIC RATES
Month lyBill hyEnergy Usage
ELECTRIC RATES
RESIDENTLU IMPACTS All Energy
Current
20235
2024 $
2025 $ SMALL GENERAL IMPACTS
Energy
250
$ 36.53
$ 37.59
$ 38.68
$ 39.80
400
350
$ 44.38
$ 45.82
$ 47.31
$ 48.94
700
450
$ 52.23
$ 54.06
$ 55,94
$ 57.88
1,000
550
$ 60.09
$ 62-29
$ 64.58
$ 66.92
1,300
650
$ 67.94
$ 70.53
$ 73.21
$ 75.96
1,600
750
$ 75.79
$ 78.76
$ 81.84
$ 85.00
1,900
850
$ 83.64
$ 87.00
$ 90.47
$ 94.04
2,200
950
$ 91.49
$ 95.23
$ 99.10
$ 103.08
2,500
1,050
$ 99.35
$103.47
$107.74
$ 112.12
2,800
1,150
$ 107.20
$111.70
$116.37
$121.16
3,100
All Energy
Monthly %Change by Energy Usage
2023 2024
2025
250
2.9%
2.9%
2.9%
350
3.2%
33%
3.2%
450
3.5%
3.5%
3.5%
550
3.7%
3.7%
3.6%
650
3.8%
3.8%
3.8%
750
3.9%
3.9%
3.9%
850
4.0%
4.0%
3.9%
950
4.1%
4.1%
4.0%
1,050
4.1%
4.1%
4.1%
1,150
4.2%
4.2%
4.1%
All knergy
Monthly $ Change by Energy Usage
2024 2U24
21J2S
250
$
1.06
$ 1,09
$ 1.12
350
$
1.44
$ 1.49
$ 1.53
450
$
1.82
$ 1.89
$ 1.94
550
$
2.21
$ 2.28
$ 2.34
650
$
Z.59
$ 2.68
$ 2.75
750
$
2.97
$ 3.08
$ 3.16
850
$
3.36
$ 3.47
$ 3.57
950
$
3.74
$ 3.87
$ 3.98
1,050
$
4.12
$ 4,27
$ 4.38
1,150
$
4.50
$ 4.67
$ 4.79
Block 1
Monthly Bill by Energy Usage
Block 2 Current 2023 $
2024 $
2025 $
400
- $ 57.58
$ 60.87
$ 64.22
$ 67.6Z
700
- $ 84.56
$ 88.59
$ 92.73
5 96.96
1,000
- $111.54
$ 116.32
$121, 24
$126.30
1,300
- $138.52
$ 144.05
$ 149.75
$155-64
1,600
- $165.50
$ 171.77
5178-26
$184.98
1.900
- $192.49
$199.50
$ 206.78
$ 214.3 Z
2,000 200 $ 217.64 $ 225.34 $ 233.35 $ 241-67
2,000 500 $ 241.87 $ 250.24 $ 258.96 $ 268.02
2,000 SO4 $ 266-10 $ 275.14 $ 294.57 $ 29437
2,000 Z,tW $ 290.34 $ 300.04 $ 310.18 $ 320.7Z
Monthly %Change by Energy Usage
All Energy 2023
2024
2025
400
5.7%
5.5%
5.3%
700
4.8%
4.7%
4.6%
1,000
4.3%
4.2%
4.2%
1,300
4.0%
4.0%
3.9%
1,600
3.8%
-1.8%
3.8%
1,900
3.6%
3.6%
3.6%
2,200
3.5%
3.6%
3.6%
2,500
3.5%
3.5%
3.5%
2,800
3.4%
3.4%
3.4%
3,100
3.3%
3.4%
3.4%
Monthly $ Change by Energy
All Energy
Usage
2U23
2U24
202S
400
$ 3.29
$ 3.35
$ 3.40
700
$ 4.04
$ 4.13
$ 4.23
1,000
$ 4.78
$ 4.92
$ 5.06
1,300
$ 5.52
$ 5.71
$ 5.89
1,600
$ 6,27
$ 6.49
$ 6.72
1,900
$ 7.01
$ 7.28
$ 7.54
2,200
$ 7.70
$ 8.01
$ 8.32
2,500
$ 8.37
$ 8.72
$ 9.06
2, =
$ 9.04
$ 9.43
$ 9.80
AAM
$ 9.70
$ 10.14
$ 10.55
NATURAL GAS RATES Monthly Bill by Energy Usage
RESIDENTIAL IMPACTS MCF Usage current 2023 $ 2024 $ 2025 5
4
$ 45.72
$ 45.90
$ 46.10
$ 46.30
5
$ 53.12
$ 53.20
$ 53.30
$ 53.40
6
$ 60.52
$ 60.50
$ 60,50
$ 60,50
7
$ 67.93
$ 67.80
$ 67.70
$ 67.60
8
$ 75.33
$ 75.10
$ 74.90
$ 74.70
9
$ 82,74
$ 82AU
$ 82.10
$ 31.80
10
$ 90.14
$ 89.70
$ 8930
$ 88.90
11
$ 97.54
$ 97-00
$ 96.50
$ 96.00
Monthly %Change by Energy Usage
MCF Usage
2023
2024
2025
4
0.4%
0.4%
0.4%
5
0.2%
0.2%
0.2%
6
0.0%
0.0%
0.0%
7
-0.2%
-0.1%
-0,1%
8
-0.3%
-0.3%
-0.3%
9
-0.4%
-0.4%
-0.4%
30
-0.5%
-0.4%
-0.4%
11
-0.6%
-0.5%
-0.5%
Monthly $ Change by Energy Usage
MCF Usage
2U23
2U24
21125
4
$
0.18 $
0.20 $
0.20
5
$
0.08 $
0.10 $
0.10
6
5
(0.02) $
- $
-
7
$
(0.13) $
{0.10) $
(0.10)
8
$
(0.23) $
(0.20) $
(0.20)
9
5
(0.34) $
(0.30) $
(0.30)
10
$
(0.44) $
10-40) $
(0.40)
11
$
(0.54) $
{O.so) $
(0.50)
NATURAL GAS RATES
Monthly Bill by Energy Usage
COMMERCIAL IMPACTS MCF Usage
Current
2023 5
200 $
2025 $
10
$ 144.38
$ 153.64
$
162.89
$ 172.15
20
$ 224.06
$ 230.57
$
237.08
$ 243.59
30
$ 303.75
$ 307.51
$
311.28
$ 315.04
40
$ 38343
$ 384.45
$
385.47
$ 386.49
50
$ 463.11
$ 461.39
$
459.66
$ 457.94
60
$ 542.79
$ 538.32
$
533.85
$ 529.38
70
$ 622.47
$ 615.26
$
608.04
$ 600.83
80
$ 702.16
$ 69220
$
682.24
$ 672.28
90
$ 781.94
$ 769.13
$
756.43
$ 743.72
Monthly %Change by Energy Usage
MCF Usage
2023 2024
2025
10
6.4% 6.0%
5.7%
20
2.9% 2.8%
2.7%
30
1.2% 1.2%
1.2%
40
0.3% 0.3%
0.3%
50
-0.4% -0.4%
-0.4%
60
-0.8% -0.8%
-0.8%
70
-1.2% -1.2%
-1.2%
80
-1.4% -1.4%
-1.5%
90
-1.6% -1.7%
-1.7%
Monthly $ Change by Energy Usage
MCF U!t40
2U23
2U24 2w2
10
$
9.26 $
9.26 $ 9.26
20
$
6.51 $
6.51 $ 6.51
30
$
3.76 5
3.77 $ 3.76
40
$
1.02 $
1.02 $ 1.02
50
$
(1.73) $
(1.73) $ (1.72)
60
$
(4A7) 5
(4,47) $ (4A7)
70
$
(7,22) $
(7.211 $ (7,22)
80
$
(9.96) $
(9-96) $ (9.96)
90
$
(12.71) $
(12.711 $ (12.70)
Hutchinson Utilities Commission
Electric Rate Design for 2023
Rate Design Summary
Projected
Projected
Projected
Projected
Revenues Under
Revenues Under
Revenue
Change from
CustamerClass
Current Rates
Proposed Rates
Change
Current
Residential
$
5,955,445
$ 6,178,619
$ 223,174
3.7%
Small General Service
$
1,839,457
$ 1,906,215
$ 66,758
3.6%
Large General Service
$
8,157,524
$ 8,316,216
$ 158,692
1.9%
Large Industrial
$
9,338,444
$ 9520,465
$ 192,021
1.9%
TOTALS
$
25,290,870
$ 25,921,515
$ 630,645
2.43%
Hutchinson Utilities Commission
Electric Rate Design for 2024
Rate Design Summary
Projected
Projected
Projected
Projected
Revenues Under
Revenues Under
Revenue
Change from
Customer Class
Current Rates
Proposed Rates
Change
Current
Residential
$r
8r M41,$
8 1"i
$ 231,044
3.7%
Small General Service
$
1,906,215
$ 1,975,503
$ 69,288
3.6%
Large General Service
$
8,316,216
$ 8,477,571
$ 161,355
1.9%
Large Industrial
$
9,520,465
$ 9,705,127
$ 184,662
1.9%
TOTALS
$
25,921,515
$ 26,567,KA
$ 646,349
2.43%
Hutchinson Utilities Commission
Electric Rate Design for 2025
Rate Design Summary
Projected
Projected
Projected
Projected
Revenues Under
Revenues Under
Revenue
Change from
Customer Class
Current Rates
Proposed Rates
Change
Current
Residential
4TA01M
0r r $
237,230
3.7%
Small General Service
$
1,975,503
$ 2,047,073
$ 71,570
3.6%
Large General Service
$
8,477,571
$ 8,642,476
$ 164,905
1.9%
Large Industrial
$
9,705,127
$ 9,893,872
$ 188,745
1.9%
TOTALS
$
26,567,864
$ 27,230,314
$ 662,450
2.43%
Hutchinson Utilities Commission
Natural Gas Rate Design for 2023
Rate Design Summary
Projected Projected Projected Projected
Revenues Under Revenues Under Revenue Change from
Customer Class Current Rates Proposed Rates Change Current
Residential
$
4,430.028
$ 4,427,931
(2,097)
0.0%
Commercial
$
3,238,258
$ 3,238,258
$ -
0.0%
Industrial
$
422,436
$ 422.748
$ 312
0.1%
Contracted Industrial #1
S
416.265
$ 417,549
> 1,284
0.3%
Contracted Industrial #2
$
4,74002
$ 4,760,308
$ 19,656
0.4%
TOTALS
$
13,247,639
$ 13,266,794
$ 19,155
0.14%
Hutchinson Utilities Commission
Natural Gas Rate Design for 2024
Rate Design Summary
Projected
Projected
Projected
Projected
Revenues Under
Revenues Under
Revenue
Change from
Customer Class
Current Rates
Proposed Rates
Change
Current
Residential
$
4,427.931
$ 4,427,403
7 (528)
0.0%
Commercial
$
3,238.258
$ 3,238,258
> -
0.0%
Industrial
$
422.748
$ 423,060
$ 312
0.1%
Contracted Industrial #1
$
417,549
$ 418,833
$ 1,284
0.3%
Contracted Industrial #2
$
4.760,308
$ 4,779,964
> 19,656
0.4%
TOTALS
$
13,266,794
$ 13,287,518
$ 20,724
0.16%
Hutchinson Utilities Commission
Natural Gas Rate Design for 2024
Rate Design summary
Projected
Projected
Projected
Projected
Revenues Under
Revenues Under
Revenue
Change from
Customer Class
Current Rates
Proposed Rates
Change
Current
Residential
$
4,427,403
S 4,426.874
$ (529)
0.0%
Commercial
$
3,238,258
$ 3,238,258
$ -
0.0%
Industrial
$
423,060
$ 423,372
$ 312
0.19/.
Contracted Industrial #1
$
418,833
$ 420.117
$ 1,284
0.3%
Contracted Industrial #2
$
4,779,964
$ 4,799,620
$ 19,656
0.4%
TOTALS
$
13,287,518
5 13,309,241
$ 20,723
0.16%
OWATOnn nn A
PUBLIC UTILITIES
Rate Comparison Study
January 2022 though December 2022
Corr I ) leted by Jared Hendricks
QPU Residential Class Electric Rate Rankings
16
■
Steele/Waseca
14
■ _
Xcel
■
Rochester
N
12
■
Dakota Electric
■
New Ulm
a+
�
10
■
New Prague
3
J
8
-—
■
Waseca
��
■
St. Peter
r
6
_ _
■
Austin
Of
IM
+
Wells
C
4
_
R
.fl-gwatonna
■
Fairmont
2
_
■
Worthington
0
Hutchinson
Jan-18 to Dec- Jul-18 to Jun- Jan-19 to Dec- Jul-19 to Jun- Jan-20 to Dec-Jan-21 to Dec-Jan-22 to Dec-
18 19 19 20 20 21 22
1600
1400
1200
1000
m
800
c
600
400
200
0
OPU Residential Class Electric Rate Comparison
Jan-22 to Dec-22
Current Average $1,084 Annual consumption 7,778 kWh
vs $1,063 Last Report vs 7,952 kWh last rPPW
i0 � '�' v. d9 ✓� V} Vr �� �
for Qa O°' `' 1�1°�° Q°
O° ��°
OPU Commercial Class Electric Rate Rankings
16
�
s�leivva�ea
14
�
•
XGeI
■
Waseca
12
Wells
■
Dakota Electric
10
Q1
■
Rochester
J
9
St. Pater
8
—
11
•
New Progue
T
6
■
New Ulm
Y■
Austin
C
4
■
Fairmont
2
-
■
Woorom
■
Hutchinson
0
Jan-18 to Dec- Jul-18 to Jun- Jan-19 to Dec- Jul-19 to Jun- Jan-20 to Dec- Jan-21 to Dec- Jan-22 to Dec-
18 19 19 20 20 21 22
OPU Commercial Class Electric Rate Comparison
Jan-22 to Dec-22
7000
Current Average $5,474 Annual consumption 43,789
vs $4,000 Last Report kWh vs 32,401 kWh last
6000
5000
4000
m
W
r7 rt C «' ry
a 3000 s
m �
2000
1000
0
�� 5tie
OPU Industrial Class Electric Rate Rankings
16
w XCel
14 ■ Rochester
■ New Ulna
12 A StoalelWssacs
ev -
a St Pew
10 ■ Dakota l Je *k
0 ■ Walls
8 -�
11 � _ ■ Waseca
T
OM 6 ■ Austin
C
Y ■ Fairmont
4 —— ■ New Prague
0 Nutghi SM
■ Worthington
0
Jan-18 to Dec- Jul-18 to Jun- Jan-19 to Dec- Jul-19 to Jun- Jan-20 to Dec- Jan-21 to Dec- Jan-22 to Dec-
18 19 19 20 20 21 22
OPU Industrial Class Electric Rate Comparison
Jan-22 to Dec-22
500000
475000 Current Average $391,864 Annual consumption 3,911 MWh
450000 vs $386,403 Last Report vs 4,024 MWh last report
425000
400000
375000
350000
325000
300000
pp 275000
n
250000
c 225000
_ rt
Q 200000
175000
150000
125000
100000
75000
50000
25000
0
AP
Cy'I-
�Q-
O� ��e
OPU Residential Class Gas Rate Rankings
8
30 MW*d7<4derfIOInt
_
w
IS ROONO e►,MOO Lin
MEFiC
ca
ro
O
Mob
tM
tOwatonna
aC
cc
Hutchinson
1
■ New Ulm
0
Jan-18 to Deo-18 Jul-18 to Jurr19 Jan-19 to Daa19 Jwl-19 to Jun-20
Jan-20 0 D9c-20 Jan-21 to Deo-21 Jan-22 to Dao-22
OPU Residential Class Gas Rate Comparison
Jan-22 to Dee-22
1 LW
Current Average $903 vs
Annual Consumption 840 ccf
$616 Last Report
vs 787 ocf last report
800
m
600
c
G
ra
N
cq.
�
�111
ire
400
; ui
200
0
New Ulm Hutchinson
Owatonna
Austin
Northfield-Xcel Rochester, Mankato -
Albert Lea - CenterPoint
MERC
8
OPU Commercial Class Gas Rate Rankings
■
C1�'i■■
Jan-18 to Dec 1 e Jul-18 to Jun-19 Jan-19 to Deo-19 Jul-19 io Jun-20 Jan-20 to Dec-20 Jan-21 to Dec-21 Jan-22 to Dsb22
■ ftnkabooenlefiloint
MMO
� Nartl-xbat
I ■ Austin
I towatorma
1 ■ P, UIF,
OPU Commercial Class Gas Rate Comparison
Jan-22 to Dec-22
7000
Average $5,432
Annual Consumption 5,589 ccf
vs_ $3,249 Last Report
vs 4,713 ccf last report.
6000
5000
4000
'm
a
-
C
3000
r,
`? W
r!r
2000
1000
0
New Ulm Owatonna
Austin Hutchinson
Northfield-Xcel Rochester, Mankato -
Albert Lea - CenterPolm
MERC
OPU Industrial Class Gas Rate Rankings
`�
n
. Roches�ir, Albert lsa -
CID
5
■
---� r NnF&fl01d-3G001
J
II
4 ■
-� Hutchinson
crI
9
—a—Owatonna
C
iC
C
2
0
M
Austin
W
■
0
■ New Ulm
Jan-18 to Dec- Jul-18 to Jun- Jan-19 to Dec- Jul-19 to Jun- Jan-20 to Dec- Jan-21 to Dec- Jan-22 to Dec-
18 19 19 20 20 21 22
OPU Industrial Class Gas Rate Comparison
Jan-22 to Dec-22
400000
Current Average $296,162 Annual consumption 346,759
vs $182,868 Last Report cef vs 339,341 ccf last report
300000
25np04
m
200000
rn
C
p
w
150000
o
sr►
100000
50000
0
New Ulm Austin Owatonna Hutchinson Northfield-Xcel Rochester,
Mankato -
Albert Lea -
CenterPoint
MERC
s: HUTCHINSON CITY COUNCIL
HUTCH I INSO N Request for Board Action
A CITY ON PURPOSE.
Resolution 15613 Authorizing Issuance of $1,455,000 General Obligation Bonds,
Agenda Item: Series 2023A
Department: Finance
LICENSE SECTION
Meeting Date: 8/8/2023
Application Complete N/A
Contact: Andy Reid
Agenda Item Type:
Presenter: Nick Anhut
Reviewed by Staff El
New Business
Time Requested (Minutes): 5
License Contingency N/A
Attachments: Yes
BACKGROUND/EXPLANATION OFAGENDA ITEM:
Nick Anhut from Ehlers will review the bids received for the 2023 bond issuance. The new
15-year debt, with an estimated par value of $1,455,000 will finance the following 2023 projects:
1) Roberts Road improvements (Dale Street SW to Alan Street SW)
2) Pavement Management Program
- Century Avenue; mill & overlay (Dale Street SW to Boston Street SW)
- School Road NW; mill & overlay (Golf Course Road NW to North High Drive NW)
- Highway 15 South; trail construction (Grove Street SW to Linden Avenue SW)
3) Alley Improvements (#12 by Taco John's & #55 by Fire Dept)
4) Jefferson Street SE improvements; in conjunction with the County project on Airport Road
The City's Standard & Poors bond rating reaffirmation and report was not available for inclusion
with this agenda item. I believe that our rating will be reaffirmed at AA- and I will forward the
report separately when it is received.
The City's debt tax levy graph, following this page, is based on an estimated 2023 bond sale and
will be updated after the actual bond sale terms are known on August 8. The levy is expected to
increase moderately each year by 3% to 4% until it stabilizes in 2031. Keep in mind that rising
roadway improvement costs may impact the future debt levy, along with potential equipment
debt.
BOARD ACTION REQUESTED:
Consider and approve the issuance of $1,455,000 general obligation improvement bonds, series 2023A,
by adopting resolution 15613
Fiscal Impact: Funding Source:
FTE Impact: Budget Change: No
Included in current budget: No
PROJECT SECTION:
Total Project Cost:
Total City Cost: Funding Source: N/A
Remaining Cost: $ 0.00 Funding Source: N/A
$3,300,000
$2,m,nm
$2,300,ow
$1,8MOM
$1-4m,ow
5800,am
Projected ❑ebt Tax
$2,577,602
$2,348,252
i2,d09,579 i2,478,533 i2,480,781
$012,325 $2,946,895 $2,983,384 $2,976,593 $2,994,269
i2,850,420
42,760,344
i1
Mm 202Y—=a ZU4' 20Z5— 2am6— -Imar- -202s- — r- -2432-
Existing Lievy =Proposed Future Issues =Equipment Debt =New Police Facility -^Total Dent Levy
CERTIFICATION OF MINUTES RELATING TO
$[PAR] GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2023A
Issuer: City of Hutchinson, Minnesota
Governing Body: City Council
Kind, date, time and place of meeting: A regular meeting, held on August 8, 2023, at
5:30 o'clock p.m., in the Council Chambers at the Hutchinson City Center.
Councilmembers present:
Councilmembers absent:
Documents Attached:
Minutes of said meeting (pages):
RESOLUTION NO. 15613
RESOLUTION RELATING TO $[1,455,000] GENERAL OBLIGATION
IMPROVEMENT BONDS, SERIES 2023A; AUTHORIZING THE
ISSUANCE, AWARDING THE SALE, FIXING THE FORM AND
DETAILS, PROVIDING FOR THE EXECUTION AND DELIVERY
THEREOF AND THE SECURITY THEREFOR AND LEVYING AD
VALOREM TAXES FOR THE PAYMENT THEREOF
I, the undersigned, being the duly qualified and acting recording officer of the public
corporation issuing the obligations referred to in the title of this certificate, certify that the
documents attached hereto, as described above, have been carefully compared with the original
records of said corporation in my legal custody, from which they have been transcribed; that said
documents are a convect and complete transcript of the minutes of a meeting of the governing
body of said corporation, and correct and complete copies of all resolutions and other actions
taken and of all documents approved by the governing body at said meeting, so far as they relate
to said obligations; and that said meeting was duly held by the governing body at the time and
place and was attended throughout by the members indicated above, pursuant to call and notice
of such meeting given as required by law.
WITNESS my hand officially as such recording officer this _8th day of August, 2023.
(SEAL)
Matt Jaunicb
City Administrator
4871-3517-8094\3
The City Administrator reported that [j (L_]) proposals for the purchase of the
S[1,455,000] General Obligation Improvement Bonds, Series 2023A were received prior to
[10:00 A.M.], Central Time today pursuant to the Preliminary Official Statement distributed to
potential purchasers of the Bonds by Ehlers & Associates, Inc., municipal advisors to the City.
The bids have been read and tabulated, and the terms of each have been determined to be as
follows:
(See Attached)
4871-3517-8094\3
Councilmember introduced the following resolution (the
"Resolution") and moved its adoption, which motion was seconded by Councilmember
RESOLUTION NO. _15613_
RESOLUTION RELATING TO $[1,455,000] GENERAL OBLIGATION
IMPROVEMENT BONDS, SERIES 2023A; AUTHORIZING THE
ISSUANCE, AWARDING THE SALE, FIXING THE FORM AND
DETAILS, PROVIDING FOR THE EXECUTION AND DELIVERY
THEREOF AND THE SECURITY THEREFOR AND LEVYING AD
VALOREM TAXES FOR THE PAYMENT THEREOF
BE IT RESOLVED by the City Council (the "Council") of the City of Hutchinson,
Minnesota (the "City"), as follows.
SECTION 1. RECITALS.
1.01. Authorization. By resolution adopted on July 11, 2023, this Council determined it
to be in the best interest of the City to issue and sell its General Obligation Improvement Bonds,
Series 2023A (the "Bonds"), in the approximate principal amount of $1,455,000, pursuant to
Minnesota Statutes, Chapters 429 and 475, to finance various public improvement projects (the
"Projects") and to pay costs of issuance of the Bonds.
1.02. Sale of Bonds. The City has retained Ehlers & Associates, Inc., an independent
municipal advisor ("Ehlers"), to assist the City in connection with the sale of the Bonds. The
Bonds are being sold pursuant to Minnesota Statutes, Section 475.60, Subdivision 2,
paragraph (9), without meeting the requirements for public sale under Minnesota Statutes,
Section 475.60, Subdivision 1. Pursuant to the Terms of Proposal and the Official Statement
prepared on behalf of the City by Ehlers, sealed proposals for the purchase of the Bonds were
received at or before the time specified for receipt of proposals. The proposals have been
opened, publicly read and considered, and the purchase price, interest rates and net interest cost
under the terms of each proposal have been determined. The most favorable proposal received is
that of [Purchaser], of [City, State] (the "Purchaser"'), to purchase the Bonds at a price of
$[purchaseprice], representing the principal amount of the Bonds plus [net] original issue
premium of $[premium], less underwriter's discount of $[uwdiscount], the Bonds to bear interest
at the rates set forth in Section 3.02.
1.03. Award. The sale of the Bonds is hereby awarded to the Purchaser, and the Mayor
and City Administrator are hereby authorized and directed to execute a contract on the part of the
City with the Purchaser for the sale of the Bonds in accordance with the Terms of Proposal. The
good faith deposit of the Purchaser shall be retained and deposited by the City until the Bonds
have been delivered and shall be deducted from the purchase price paid at settlement.
SECTION 2. FORM OF BONDS. The Bonds shall be prepared in substantially the form
attached as Exhibit A hereto.
SECTION 3. BOND TERMS, EXECUTION AND DELIVERY.
4871-3517-8094\3
3.01. Issuance of Bonds. All acts, conditions and things which are required by the
Constitution and laws of the State of Minnesota and City Charter to be done, to exist, to happen
and to be performed precedent to and in the valid issuance of the Bonds having been done, now
existing, having happened and having been performed, it is now necessary for the Council to
establish the form and terms of the Bonds, to provide security therefor and to issue the Bonds
forthwith.
3.02. Maturities, Interest Rates, Denominations. Payment. The Bonds shall be originally
dated as of the date of issuance thereof, shall be in the denomination of $5,000 each, or any
integral multiple thereof, of single maturities, shall mature on February 1 in the years and
amounts stated below, and shall bear interest from their date of original issue until paid or duly
called for redemption at the annual rates set forth opposite such years and amounts, as follows
[to come]:
Year Amount Rate
2025 $ %
2026
2027
2028
2029
2030
2031
2032
2033
Year Amount
2034
2035
2036
2037
2038
2039
Rate
[REVISE MATURITY SCHEDULE FOR ANY TERM BONDS]
The Bonds shall be issuable only in fully registered form. The interest thereon and, upon
surrender of each Bond, the principal amount thereof shall be payable by check or draft issued by
the Registrar described herein, provided that so long as the Bonds are registered in the name of a
securities depository, or a nominee thereof, in accordance with Section 3.08 hereof, principal and
interest shall be payable in accordance with the operational arrangements of the securities
depository.
3.03. Dates: Interest Payment Dates. Upon initial delivery of the Bonds pursuant to
Section 3.07 and upon any subsequent transfer or exchange pursuant to Section 3.06, the date of
authentication shall be noted on each Bond so delivered, exchanged or transferred. Interest on
the Bonds shall be payable each February 1 and August 1, commencing August 1, 2024 (each
such date, an "Interest Payment Date"), to the person in whose name the Bonds are registered on
the Bond Register (as hereinafter defined) at the Registrar's close of business on the fifteenth day
of the calendar month next preceding such Interest Payment Date, whether or not such day is a
business day. Interest shall be computed on the basis of a 360-day year composed of twelve 30-
day months.
2
4871-3517-8094\3
3.04. Redemption. Bonds maturing in 2034 and later years are each subject to
redemption and prepayment at the option of the City, in whole or in part, and if in part in such
order of maturity dates as the City may select and by lot as selected by the Registrar (or, if
applicable, by the bond depository in accordance with its customary procedures) in multiples of
$5,000 as to Bonds maturing on the same date, on February 1, 2033, and on any date thereafter,
at a price equal to the principal amount thereof plus accrued interest to the date of redemption.
Prior to the date specified for the redemption of any Bond prior to its stated maturity date, the
City will cause notice of the call for redemption to be published if and as required by law, and, at
least thirty (30) and not more than sixty (60) days prior to the designated redemption date, will
cause notice of the call to be mailed by first class mail, to the registered owner of any Bond to be
redeemed at the owner's address as it appears on the Bond Register maintained by the Registrar,
provided that notice shall be given to any securities depository in accordance with its operational
arrangements. No defect in or failure to give such mailed notice of redemption shall affect the
validity of proceedings for the redemption of any Bond not affected by such defect or failure.
Official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds so
to be redeemed shall, on the redemption date, become due and payable at the redemption price
therein specified, and from and after such date (unless the City shall default in the payment of the
redemption price) such Bonds or portions of such Bonds shall cease to bear interest. Upon
partial redemption of any Bond, a new Bond or Bonds will be delivered to the registered owner
without charge, representing the remaining principal amount outstanding.
[COMPLETE THE FOLLOWING PROVISIONS IF THERE ARE TERM BONDS —
ADD ADDITIONAL PROVISIONS IF THERE ARE MORE THAN TWO TERM BONDS]
Bonds maturing on February 1 in the years 20[__] and 20[__] (the "Term Bonds") shall
be subject to mandatory redemption prior to maturity pursuant to the sinking fund requirements
of this Section 3.04 at a redemption price equal to the stated principal amount thereof plus
interest accrued thereon to the redemption date, without premium. The Registrar shall select for
redemption, by lot or other manner deemed fair, on February 1 in each of the following years the
following stated principal amounts of such Bonds:
Term Bond due February 1, 20[_J
Redemption Date Principal
(February 1) Amount
*
*Slated Maturity
Term Bond due February 1, 20[—J
Redemption Date Principal
(February 1) Amount
*
*Stated Maturity
3
4871-3517-8094\3
Notice of redemption shall be given as provided in the preceding paragraph.]
3.05. Appointment of Initial Registrar. The City hereby appoints Bond Trust Services
Corporation, in Roseville, Minnesota, as the initial bond registrar, transfer agent and paying
agent (the "Registrar"). The Mayor and City Administrator are authorized to execute and
deliver, on behalf of the City, a contract with the Registrar, Upon merger or consolidation of the
Registrar with another corporation, if the resulting corporation is a bank or trust company
authorized by law to conduct such business, such corporation shall be authorized to act as
successor Registrar. The City agrees to pay the reasonable and customary charges of the
Registrar for the services performed. The City reserves the right to remove the Registrar upon
thirty days' notice and upon the appointment of a successor Registrar, in which event the
predecessor Registrar shall deliver all cash and Bonds in its possession to the successor Registrar
and shall deliver the Bond Register to the successor Registrar.
3.06. Registration. The effect of registration and the rights and duties of the City and the
Registrar with respect thereto shall be as follows:
(a) Re ig ster. The Registrar shall keep at its principal corporate trust office a
bond register (the "Bond Register") in which the Registrar shall provide for the
registration of ownership of Bonds and the registration of transfers and exchanges of
Bonds entitled to be registered, transferred or exchanged.
(b) Transfer of Bonds. Upon surrender for transfer of any Bond duly
endorsed by the registered owner thereof or accompanied by a written instrument of
transfer, in form satisfactory to the Registrar, duly executed by the registered owner
thereof or by an attorney duly authorized by the registered owner in writing, the Registrar
shall authenticate and deliver, in the name of the designated transferee or transferees, one
or more new Bonds of a like aggregate principal amount and maturity, as requested by
the transferor. The Registrar may, however, close the books for registration of any
transfer after the fifteenth day of the month preceding each interest payment date and
until such interest payment date.
(c) Exchange of Bonds. Whenever any Bond is surrendered by the registered
owner for exchange, the Registrar shall authenticate and deliver one or more new Bonds
of a like aggregate principal amount and maturity, as requested by the registered owner or
the owner's attorney duly authorized in writing.
(d) Cancellation. All Bonds surrendered upon any transfer or exchange shall
be promptly cancelled by the Registrar and thereafter disposed of as directed by the City.
(e) lmproper or Unauthorized Transfer. When any Bond is presented to the
Registrar for transfer, the Registrar may refuse to transfer the same until it is satisfied that
the endorsement on such Bond or separate instrument of transfer is legally authorized.
4
4871-3517-8094\3
The Registrar shall incur no liability for its refusal, in good faith, to make transfers which
it, in its judgment, deems improper or unauthorized.
(f) Persons Deemed Owners. The City and the Registrar may treat the person
in whose name any Bond is at any time registered in the bond register as the absolute
owner of such Bond, whether such Bond shall be overdue or not, for the purpose of
receiving payment of, or on account of, the principal of and interest on such Bond and for
all other purposes, and all such payments so made to any such registered owner or upon
the owner's order shall be valid and effectual to satisfy and discharge the liability of the
City upon such Bond to the extent of the sum or sums so paid.
(g) Taxes. Fees and Charges. For every transfer or exchange of Bonds
(except for an exchange upon a partial redemption of a Bond), the Registrar may impose
a charge upon the owner thereof sufficient to reimburse the Registrar for any tax, fee or
other governmental charge required to be paid with respect to such transfer or exchange.
(h) Mutilated, Lost, Stolen or Destroyed Bonds. In case any Bond shall
become mutilated or be lost, stolen or destroyed, the Registrar shall deliver a new Bond
of like amount, number, maturity date and tenor in exchange and substitution for and
upon cancellation of any such mutilated Bond or in lieu of and in substitution for any
such Bond lost, stolen or destroyed, upon the payment of the reasonable expenses and
charges of the Registrar in connection therewith; and, in the case of a Bond lost, stolen or
destroyed, upon filing with the Registrar of evidence satisfactory to it that such Bond was
lost, stolen or destroyed, and of the ownership thereof, and upon furnishing to the
Registrar of an appropriate bond or indemnity in form, substance and amount satisfactory
to it, in which both the City and the Registrar shall be named as obligecs. All Bonds so
surrendered to the Registrar shall be cancelled by it and evidence of such cancellation
shall be given to the City. If the mutilated, lost, stolen or destroyed Bond has already
matured or been called for redemption in accordance with its terms, it shall not be
necessary to issue a new Bond prior to payment.
3.07. Execution, Authentication and Delivery. The Bonds shall be prepared under the
direction of the City Administrator and shall be executed on behalf of the City by the signatures
of the Mayor and City Administrator, provided that the signatures may be printed, engraved or
lithographed facsimiles of the originals. In case any officer whose signature or a facsimile of
whose signature shall appear on the Bonds shall cease to be such officer before the delivery of
any Bond, such signature or facsimile shall nevertheless be valid and sufficient for all purposes,
the same as if such officer had remained in office until delivery. Notwithstanding such
execution, no Bond shall be valid or obligatory for any purpose or entitled to any security or
benefit under this Resolution unless and until a certificate of authentication on the Bond has been
duly executed by the manual signature of an authorized representative of the Registrar.
Certificates of authentication on different Bonds need not be signed by the same representative.
The executed certificate of authentication on each Bond shall be conclusive evidence that it has
been authenticated and delivered under this Resolution. When the Bonds have been prepared,
executed and authenticated, the City Administrator shall deliver them to the Purchaser upon
payment of the purchase price in accordance with the contract of sale heretofore executed, and
the Purchaser shall not be obligated to see to the application of the purchase price.
4871-3517-8094\3
3.08. Securities Depository.
For purposes of this section the following terms shall have the following meanings:
"Beneficial Owner" shall mean, whenever used with respect to a Bond, the person
in whose name such Bond is recorded as the beneficial owner of such Bond by a
Participant on the records of such Participant, or such person's subrogee.
"Cede & Co." shall mean Cede & Co., the nominee of DTC, and any successor
nominee of DTC with respect to the Bonds.
"DTC" shall mean The Depository Trust Company of New York, New York.
"Participant" shall mean any broker -dealer, bank or other financial institution for
which DTC holds Bonds as securities depository.
"Representation Letter" shall mean the Representation Letter pursuant to which
the sender agrees to comply with DTC's Operational Arrangements.
(a) The Bonds shall be initially issued as separately authenticated fully registered
bonds, and one Bond shall be issued in the principal amount of each stated maturity of the
Bonds. Upon initial issuance, the ownership of such Bonds shall be registered in the Bond
Register in the name of Cede & Co., as nominee of DTC. The Registrar and the City may treat
DTC (or its nominee) as the sole and exclusive owner of the Bonds registered in its name for the
purposes of payment of the principal of or interest on the Bonds, selecting the Bonds or portions
thereof to be redeemed, if any, giving any notice permitted or required to be given to registered
owners of Bonds under this Resolution, registering the transfer of Bonds, and for all other
purposes whatsoever, and neither the Registrar nor the City shall be affected by any notice to the
contrary. Neither the Registrar nor the City shall have any responsibility or obligation to any
Participant, any person claiming a beneficial ownership interest in the Bonds under or through
DTC or any Participant, or any other person which is not shown on the Bond Register as being a
registered owner of any Bonds, with respect to the accuracy of any records maintained by DTC
or any Participant, with respect to the payment by DTC or any Participant of any amount with
respect to the principal of or interest on the Bonds, with respect to any notice which is permitted
or required to be given to owners of Bonds under this Resolution, with respect to the selection by
DTC or any Participant of any person to receive payment in the event of a partial redemption of
the Bonds, or with respect to any consent given or other action taken by DTC as registered owner
of the Bonds. So long as any Bond is registered in the name of Cede & Co., as nominee of DTC,
the Registrar shall pay all principal of and interest on such Bond, and shall give all notices with
respect to such Bond, only to Cede & Co. in accordance with DTC's Operational Arrangements,
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 interest on the Bonds to the extent of the sum or
sums so paid. No person other than DTC shall receive an authenticated Bond for each separate
stated maturity evidencing the obligation of the City to make payments of principal and interest.
Upon delivery by DTC to the Registrar of written notice to the effect that DTC has determined to
substitute a new nominee in place of Cede & Co., the Bonds will be transferable to such new
nominee in accordance with paragraph (e) hereof.
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(b) In the event the City determines that it is in the best interest of the Beneficial
Owners that they be able to obtain Bonds in the form of bond certificates, the City may notify
DTC and the Registrar, whereupon DTC shall notify the Participants of the availability through
DTC of Bonds in the form of certificates. In such event, the Bonds will be transferable in
accordance with paragraph (d) hereof. DTC may determine to discontinue providing its services
with respect to the Bonds at any time by giving notice to the City and the Registrar and
discharging its responsibilities with respect thereto under applicable law. In such event the
Bonds will be transferable in accordance with paragraph (d) hereof.
(c) The execution and delivery of the Representation Letter to DTC by the Mayor or
City Administrator, if not previously filed, is hereby authorized and directed.
(d) In the event that any transfer or exchange of Bonds is permitted under paragraph
(a) or (b) hereof, such transfer or exchange shall be accomplished upon receipt by the Registrar
of the Bonds to be transferred or exchanged and appropriate instruments of transfer to the
permitted transferee in accordance with the provisions of this Resolution. In the event Bonds in
the form of certificates are issued to owners other than Cede & Co., its successor as nominee for
DTC as owner of all the Bonds, or another securities depository as owner of all the Bonds, the
provisions of this Resolution shall also apply to all matters relating thereto, including, without
limitation, the printing of such Bonds in the form of bond certificates and the method of payment
of principal of and interest on such Bonds in the form of bond certificates.
SECTION 4. SECURITY PROVISIONS.
4.01. General Obligation Im rovement Bonds Series 2023A Construction Fund. There
is hereby created a special bookkeeping fund to be designated as the "General Obligation
Improvement Bonds, Series 2023A Construction Fund" (the "Construction Fund"), to be held
and administered by the City Finance Director separate and apart from all other funds of the
City. The Construction Fund shall be credited with $[_ from the proceeds from the
Bonds, representing the estimated cost of the Projects and costs of issuance of the
Bonds ($[�}.
From the Construction Fund there shall be paid all costs and expenses related to the
construction of the Projects and costs of issuance of the Bonds. After payment of all such costs
and expenses, the Construction Fund shall be terminated. All funds on hand in the Construction
Fund when terminated shall be credited to the Bond Fund described in Section 4.02 hereof,
unless and except as such proceeds may be transferred to some other fund or account as to which
the City has received from bond counsel an opinion that such other transfer is permitted by
applicable laws and does not impair the exemption of interest on the Bonds from federal income
taxes. In no event shall funds remain in the Project Fund later than August 31, 2026.
4.02. General Obligation Improvement Bonds, Series 2023A Bond Fund. The Bonds
shall be payable from a separate General Obligation Improvement Bonds, Series 2023A Bond
Fund (the "Bond Fund") of the City, which shall be created and maintained on the books of the
City as a separate debt redemption fund until the Bonds, and all interest thereon, are fully paid.
There shall be credited to the Bond Fund following.
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(i) the amounts specified in Section 4.01 above, after payment of all costs of
the Projects;
(ii) special assessments levied and collected in accordance with this
Resolution;
(iii) taxes levied and collected in accordance with this Resolution and allocable
to the Bonds; and
(iv) any other funds appropriated by this Council for the payment of the
Bonds.
There are hereby established two accounts in the Bond Fund, designated as the "Debt
Service Account" and the "Surplus Account." All money appropriated or to be deposited in the
Bond Fund shall be deposited as received into the Debt Service Account. On each February 1,
the City Finance Director shall determine the amount on hand in the Debt Service Account. If
such amount is in excess of one -twelfth of the debt service payable from the Bond Fund in the
immediately preceding 12 months, the City Finance Director shall promptly transfer the amount
in excess to the Surplus Account. The City appropriates to the Surplus Account any amounts to
be transferred thereto from the Debt Service Account as herein provided and all income derived
from the investment of amounts on hand in the Surplus Account. If at any time the amount on
hand in the Debt Service Account is insufficient to meet the requirements of the Bond Fund, the
City Finance Director shall transfer to the Debt Service Account amounts on hand in the Surplus
Account to the extent necessary to cure such deficiency.
If the balance in the Bond Fund is at any time insufficient to pay all interest and principal
then due on all Bonds payable therefrom, the payment shall be made from any fund of the City
which is available for that purpose, subject to reimbursement from the Surplus Account when the
balance therein is sufficient, and the City covenants and agrees that it will each year levy a
sufficient amount of ad valorem taxes to take care of any accumulated or anticipated deficiency,
which levy is not subject to any constitutional, statutory or charter limitation.
4.03_ Pledge of Taxing Power_ For the prompt and full payment of the principal of and
interest on the Bonds as such payments respectively become due, the full faith, credit and
unlimited taxing powers of the City shall be and are hereby irrevocably pledged. In order to
produce aggregate amounts which, together with the collections of other amounts as set forth in
Section 4.02, will produce amounts not less than 5% in excess of the amounts needed to meet
when due the principal and interest payments on the Bonds, ad valorem taxes are hereby levied
on all taxable property in the City, the taxes to be levied and collected in the following years and
amounts:
Levy Years Collection Years Amount
See attached schedules
4871-3517-8094\3
The taxes shall be irrepealable as long as any of the Bonds are outstanding and unpaid,
provided that the City reserves the right and power to reduce the tax levies from other legally
available funds, in accordance with the provisions of Minnesota Statutes, Section 475.61.
4.04. LeU of Special Assessments. The City hereby covenants and agrees that for
payment of the cost of Projects it will do and perform all acts and things necessary for the full
and valid levy of special assessments against all assessable lots, tracts and parcels of land
benefited thereby and located within the area proposed to be assessed therefor, based upon the
benefits received by each such lot, tract or parcel, in an aggregate principal amount not less than
twenty percent (20%) of the cost of the Projects. In the event that any such assessment shall be
at any time held invalid with respect to any lot, piece or parcel of land, due to any error, defect or
irregularity in any action or proceeding taken or to be taken by the City or this Council or any of
the City's officers or employees, either in the making of such assessment or in the performance
of any condition precedent thereto, the City and this Council hereby covenant and agree that they
will forthwith do all such further acts and take all such further proceedings as may be required by
law to make such assessments a valid and binding lien upon such property.
The Council presently estimates that the special assessments levied for payment of the
cost of the Projects shall be in the principal amount of $434,680 payable in not more than 10
installments, the first installment to be collectible with taxes during the year 2024.
SECTION 5. DEFEASANCE. When all of the Bonds have been discharged as provided
in this Section, all pledges, covenants and other rights granted by this Resolution to the Holders
of the Bonds shall cease. The City may discharge its obligations with respect to any Bonds
which are due on any date by depositing with the 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 Registrar a sum sufficient for the payment thereof in full
with interest accrued from the due date 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 Registrar on or before that
date an amount equal to the principal, redemption premium, if any, and interest then due,
provided that notice of such redemption has been duly given as provided herein. 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 the Registrar or with a bank or trust company qualified by law to act as an escrow agent for
this purpose, cash or securities which are authorized by law to be so deposited for such purpose,
bearing interest payable at such times and at such rates and maturing or callable at the holder's
option on such dates as shall be required to pay all principal and interest to become due thereon
to maturity or, if notice of redemption as herein required has been irrevocably provided for, to an
earlier designated redemption date. If such deposit is made more than ninety days before the
maturity date or specified redemption date of the Bonds to be discharged, the City must have
received a written opinion of Bond Counsel to the effect that such deposit does not adversely
affect the exemption of interest on any Bonds from federal income taxation and a written report
of an accountant or investment banking firm verifying that the deposit is sufficient to pay when
due all of the principal and interest on the Bonds to be discharged on and before their maturity
dates or earlier designated redemption date.
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SECTION 6. REGISTRATION CERTIFICATION OF PROCEEDINGS
INVESTMENT OF MONEYS, ARBITRAGE AND OFFICIAL STATEMENT.
6.01. Registration. The City Administrator is hereby authorized and directed to file a
certified copy of this resolution with the County Auditor of McLeod County, together with such
other information as he shall require, and to obtain from the County Auditor a certificate that the
Bonds have been entered on such Auditor's bond register and that the tax required for the
payment thereof has been levied and filed as required by law.
6.02. Certification of Proceedings. The officers of the City and the County Auditor of
McLeod County are hereby authorized and directed to prepare and furnish to the Purchaser, and
to Dorsey & Whitney LLP, Bond Counsel, certified copies of all proceedings and records of the
City, and such other affidavits, certificates and information as may be required to show the facts
relating to the legality and marketability of the Bonds as the same 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.
6.03. Covenant. The City covenants and agrees with the holders from time to time of the
Bonds that it will not take or permit to be taken by any of its officers, employees or agents any
action which would cause the interest on the Bonds to become subject to taxation under the
Internal Revenue Code of 1986, as amended (the "Code"), and Regulations promulgated
thereunder (the "Regulations"), as such are enacted or promulgated and in effect on the date of
issue of the Bonds, and covenants to take any and all actions within its powers to ensure that the
interest on the Bonds will not become subject to taxation under such Code and Regulations. The
Projects will be owned and maintained by the City and available for use by members of the
general public on a substantially equal basis. The City shall not enter into any lease, use or other
agreement with any non -governmental person relating to the use of such improvements or
security for the payment of the Bonds which might cause the Bonds to be considered `private
activity bonds" or "private loan bonds" within the meaning of Section 141 of the Code.
6.04. Arbitrage Certification. The Mayor and City Administrator, being the officers of
the City charged with the responsibility for issuing the Bonds pursuant to this resolution, are
authorized and directed to execute and deliver to the Purchaser a certificate in accordance with
the provisions of Section 148 of the Code, and Section 1.148-2(b)(2) of the Regulations, stating
the facts and estimates in existence on the date of issue and delivery of the Bonds which make it
reasonable to expect that the proceeds of the Bonds will not be used in a manner that would
cause the Bonds to be arbitrage bonds within the meaning of said Code and Regulations.
6.05. Arbitrage Rebate. (a) It is hereby found that the City has general taxing powers,
that no Bond is a "private activity bond" within the meaning of Section 141 of the Code, that
95% or more of the net proceeds of the Bonds are to be used for local governmental activities of
the City, and that the aggregate face amount of all tax-exempt obligations (other than private
activity bonds) issued by the City and all subordinate entities thereof during the year 2023 is not
reasonably expected to exceed $5,000,000. Therefore, pursuant to the provisions of Section
148(f)(4)(D) of the Code, the City shall not be required to comply with the arbitrage rebate
requirements of paragraphs (2) and (3) of Section 148(f) of the Code.
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(b) Notwithstanding the provisions of paragraph (a) of this Section 6.05, if the
arbitrage rebate provisions of Section 148(f) of the Code apply to the Bonds, the City hereby
covenants and agrees to make the determinations, retain records and rebate to the United States
the amounts at the times and in the manner required by said Section 148(f) and applicable
Regulations.
6.06. Qualified Tax Exempt Obligations. The City Council hereby designates the Bonds
as "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the Code relating to
the disallowance of interest expense for financial institutions, and hereby finds that the
reasonably anticipated amount of tax-exempt governmental obligations (within the meaning of
Section 265(b)(3) of the Code) which will be issued by the City and all subordinate entities
during calendar year 2023 does not exceed $10,000,000.
6.07. Official Statement. The Official Statement relating to the Bonds, prepared and
distributed on behalf of the City by Ehlers & Associates, Inc., is hereby approved. The officers
of the City are hereby authorized and directed to execute such certificates as may be appropriate
concerning the accuracy, completeness and sufficiency of the Official Statement.
6.08. Reimbursement. The City certifies that the proceeds of the Bonds will not be used
by the City to reimburse itself for any expenditure with respect to the Projects which the City
paid or will have paid more than 60 days prior to the issuance of the Bonds unless, with respect
to such prior expenditures, the City shall have made a declaration of official intent which
complies with the provisions of Section 1.150-2 of the Regulations, provided that a declaration
of official intent shall not be required (i) with respect to certain de minimis expenditures, if any,
with respect to the financed facilities meeting the requirements of Section 1.150-2(f)(1) of the
Regulations, or (ii) with respect to "preliminary expenditures" for the financed facilities as
defined in Section 1.150-2(f)(2) of the Regulations, including engineering or architectural
expenses and similar preparatory expenses, which in the aggregate do not exceed 20% of the
"issue price" of the Bonds.
SECTION 7. CONTINUING DISCLOSURE. (a) Purpose and Beneficiaries. To
provide for the public availability of certain information relating to the Bonds and the security
therefor and to permit the Purchaser and other participating underwriters in the primary offering
of the Bonds to comply with amendments to Rule 15c2-12 promulgated by the SEC under the
Securities Exchange Act of 1934 (17 C.F.R. § 240.15c2-12), relating to continuing disclosure (as
in effect and interpreted from time to time, the "Rule"), which will enhance the marketability of
the Bonds, the City hereby makes the following covenants and agreements for the benefit of the
Owners (as hereinafter defined) from time to time of the Outstanding Bonds. The City is the
only obligated person in respect of the Bonds within the meaning of the Rule for purposes of
identifying the entities in respect of which continuing disclosure must be made. If the City fails
to comply with any provisions of this section, any person aggrieved thereby, including the
Owners of any Outstanding Bonds, may take whatever action at law or in equity may appear
necessary or appropriate to enforce performance and observance of any agreement or covenant
contained in this section, including an action for a writ of mandamus or specific performance.
Direct, indirect, consequential and punitive damages shall not be recoverable for any default
hereunder to the extent permitted by law. Notwithstanding anything to the contrary contained
herein, in no event shall a default under this section constitute a default under the Bonds or under
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4871-3517-8094\3
any other provision of this resolution. As used in this section, Owner or Bondowner means, in
respect of a Bond, the registered owner or owners thereof appearing in the bond register
maintained by the Registrar or any Beneficial Owner (as hereinafter defined) thereof, if such
Beneficial Owner provides to the Registrar evidence of such beneficial ownership in form and
substance reasonably satisfactory to the Registrar. As used herein, `Beneficial Owner" means, in
respect of a Bond, any person or entity which (i) has the power, directly or indirectly, to vote or
consent with respect to, or to dispose of ownership of, such Bond (including persons or entities
holding Bonds through nominees, depositories or other intermediaries), or (ii) is treated as the
owner of the Bond for federal income tax purposes.
(b) Information To Be Disclosed. The City will provide, in the manner set forth in
subsection (c) hereof, either directly or indirectly through an agent designated by the City, the
following information at the following times:
(1) on or before twelve (12) months after the end of each fiscal year of the City,
commencing with the fiscal year ending December 31, 2023, the following
financial information and operating data in respect of the City (the "Disclosure
Information") -
(A) the audited financial statements of the City for such fiscal year, prepared
in accordance with the governmental accounting standards promulgated by
the Governmental Accounting Standards Board or as otherwise provided
under Minnesota law, as in effect from time to time, or, if and to the extent
such financial statements have not been prepared in accordance with such
generally accepted accounting principles for reasons beyond the
reasonable control of the City, noting the discrepancies therefrom and the
effect thereof, and certified as to accuracy and completeness in all material
respects by the fiscal officer of the City; and
(B) to the extent not included in the financial statements referred to in
paragraph (A) hereof, the information for such fiscal year or for the period
most recently available of the type contained in the Official Statement
under headings: Current Property Valuations, Direct Debt, Tax Levies and
Collections, US Census Data/Population Trend, and
Employment/Unemployment Data, which information may be unaudited.
Notwithstanding the foregoing paragraph, if the audited financial statements are not
available by the date specified, the City shall provide on or before such date unaudited financial
statements in the format required for the audited financial statements as part of the Disclosure
Information and, within 10 days after the receipt thereof, the City shall provide the audited
financial statements. Any or all of the Disclosure Information may be incorporated by reference,
if it is updated as required hereby, from other documents, including official statements, which
have been submitted to the Municipal Securities Rulemaking Board ("MSRB") through its
Electronic Municipal Market Access System ("EMMA") or to the SEC. If the document
incorporated by reference is a final official statement, it must be available from the MSRB. The
City shall clearly identify in the Disclosure Information each document so incorporated by
reference. If any part of the Disclosure Information can no longer be generated because the
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operations of the City have materially changed or been discontinued, such Disclosure
Information need no longer be provided if the City includes in the Disclosure Information a
statement to such effect, provided, however, if such operations have been replaced by other City
operations in respect of which data is not included in the Disclosure Information and the City
determines that certain specified data regarding such replacement operations would be a Material
Fact (as defined in paragraph (2) hereof), then, from and after such determination, the Disclosure
Information shall include such additional specified data regarding the replacement operations. If
the Disclosure Information is changed or this section is amended as permitted by this paragraph
(b)(1) or subsection (d), then the City shall include in the next Disclosure Information to be
delivered hereunder, to the extent necessary, an explanation of the reasons for the amendment
and the effect of any change in the type of financial information or operating data provided.
(2) In a timely manner not in excess of ten business days after the occurrence of the
event, notice of the occurrence of any of the following events (each, a "Material
Fact"):
(A) Principal and interest payment delinquencies;
(B) Non-payment related defaults, if material;
(C) Unscheduled draws on debt service reserves reflecting financial
difficulties;
(D) Unscheduled draws on credit enhancements reflecting financial
difficulties;
(E) Substitution of credit or liquidity providers, or their failure to perform;
(F) Adverse tax opinions, the issuance by the Internal Revenue Service of
proposed or final determinations of taxability, Notices of Proposed Issue
(IRS Form 5701-TEB), or other material notices or determinations with
respect to the tax status of the security, or other material events affecting
the tax status of the security,
(G) Modifications to rights of security holders, if material;
(H) Bond calls, if material, and tender offers;
(I) Defeasances;
Q) Release, substitution, or sale of property securing repayment of the
securities, if material;
(K) Rating changes;
(L) Bankruptcy, insolvency, receivership or similar event of the obligated
person;
(M) The consummation of a merger, consolidation, or acquisition involving an
obligated person or the sale of all or substantially all of the assets of the
obligated person, other than in the ordinary course of business, the entry
into a definitive agreement to undertake such an action or the termination
of a definitive agreement relating to any such actions, other than pursuant
to its terms, if material;
(N) Appointment of a successor or additional trustee or the change of name of
a trustee, if material;
(0) Incurrence of a financial obligation of the obligated person, if material, or
agreement to covenants, events of default, remedies, priority rights, or
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other similar terms of a financial obligation of the obligated person, any of
which affect security holders, if material; and
(P) Default, event of acceleration, termination event, modification of terms, or
other similar events under the terms of a financial obligation of the
obligated person, any of which reflect financial difficulties.
For purposes of the events identified in paragraphs (0) and (P) above, the term "financial
obligation" means (i) a debt obligation; (ii) a derivative instrument entered into in connection
with, or pledged as security or a source of payment for, an existing or planned debt obligation; or
(iii) a guarantee of (i) or (ii). The term "financial obligation' shall not include municipal
securities as to which a final official statement has been provided to the MSRB consistent with
the Rule.
As used herein, for those events that must be reported if material, an event is "material" if
it is an event as to which a substantial likelihood exists that a reasonably prudent investor would
attach importance thereto in deciding to buy, hold or sell a Bond or, if not disclosed, would
significantly alter the total information otherwise available to an investor from the Official
Statement, information disclosed hereunder or information generally available to the public.
Notwithstanding the foregoing sentence, an event is also "material" if it is an event that would be
deemed material for purposes of the purchase, holding or sale of a Bond within the meaning of
applicable federal securities laws, as interpreted at the time of discovery of the occurrence of the
event.
For the purposes of the event identified in (L) hereinabove, the event is considered to
occur when any of the following occur- the appointment of a receiver, fiscal agent or similar
officer for an obligated person in a proceeding under the U.S. Bankruptcy Code or in any other
proceeding under state or federal law in which a court or governmental authority has assumed
jurisdiction over substantially all of the assets or business of the obligated person, or if such
jurisdiction has been assumed by leaving the existing governing body and officials or officers in
possession but subject to the supervision and orders of a court or governmental authority, or the
entry of an order confirming a plan of reorganization, arrangement or liquidation by a court or
governmental authority having supervision or jurisdiction over substantially all of the assets or
business of the obligated person.
(3) In a timely manner, notice of the occurrence of any of the following events or
conditions:
(A) the failure of the City to provide the Disclosure Information required
under paragraph (b)(1) at the time specified thereunder;
(B) the amendment or supplementing of this section pursuant to subsection
(d), together with a copy of such amendment or supplement and any
explanation provided by the City under subsection (d)(2);
(C) the termination of the obligations of the City under this section pursuant to
subsection (d);
(D) any change in the accounting principles pursuant to which the financial
statements constituting a portion of the Disclosure Information are
prepared; and
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(E) any change in the fiscal year of the City.
(c) Manner of Disclosure.
(1) The City agrees to make available to the MSRB through EMMA, in an electronic
format as prescribed by the MSRB, the information described in subsection (b).
(2) All documents provided to the MSRB pursuant to this subsection (c) shall be
accompanied by identifying information as prescribed by the MSRB from time to
time.
(d) Term, Amendments, Interpretation.
(1) The covenants of the City in this section shall remain in effect so long as any
Bonds are Outstanding. Notwithstanding the preceding sentence, however, the
obligations of the City under this section shall terminate and be without further
effect as of any date on which the City delivers to the Registrar an opinion of
Bond Counsel to the effect that, because of legislative action or fmal judicial or
administrative actions or proceedings, the failure of the City to comply with the
requirements of this section will not cause participating underwriters in the
primary offering of the Bonds to be in violation of the Rule or other applicable
requirements of the Securities Exchange Act of 1934, as amended, or any statutes
or laws successory thereto or amendatory thereof.
(2) This section (and the form and requirements of the Disclosure Infonnation) may
be amended or supplemented by the City from time to time, without notice to
(except as provided in paragraph (c)(3) hereof) or the consent of the Owners of
any Bonds, by a resolution of this Council filed in the office of the recording
officer of the City accompanied by an opinion of Bond Counsel, who may rely on
certificates of the City and others and the opinion may be subject to customary
qualifications, to the effect that: (i) such amendment or supplement (a) is made in
connection with a change in circumstances that arises from a change in law or
regulation or a change in the identity, nature or status of the City or the type of
operations conducted by the City, or (b) is required by, or better complies with,
the provisions of paragraph (b)(5) of the Rule; (ii) this section as so amended or
supplemented would have complied with the requirements of paragraph (b)(5) of
the Rule at the time of the primary offering of the Bonds, giving effect to any
change in circumstances applicable under clause (i)(a) and assuming that the Rule
as in effect and interpreted at the time of the amendment or supplement was in
effect at the time of the primary offering; and (iii) such amendment or supplement
does not materially impair the interests of the Bondowners under the Rule.
If the Disclosure Information is so amended, the City agrees to provide,
contemporaneously with the effectiveness of such amendment, an explanation of
the reasons for the amendment and the effect, if any, of the change in the type of
financial information or operating data being provided hereunder.
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(3) This section is entered into to comply with the continuing disclosure provisions of
the Rule and should be construed so as to satisfy the requirements of paragraph (b)(5) of the
Rule.
SECTION 8. AUTHORIZATION OF PAYMENT OF CERTAIN COSTS OF
ISSUANCE OF THE BONDS. The City authorizes the Purchaser to forward the amount of
Bond proceeds allocable to the payment of issuance expenses to Wells Fargo Bank, National
Association on the closing date for further distribution as directed by the City's municipal
advisor, Ehlers & Associates, Inc.
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Attest:
Mayor
City Administrator
The motion for the adoption of the foregoing resolution was duly seconded by
Councilmember , and upon vote being taken thereon, the following
Councilmembers voted in favor thereof:
and the following Councilmembers voted against the same:
whereupon said resolution was declared duly passed and adopted, and was signed by the Mayor,
which was attested by the City Administrator.
17
4871-3517-8094\3
R-15613
EXHIBIT A
Form of Bond
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF MCLEOD
CITY OF HUTCHINSON
GENERAL OBLIGATION IMPROVEMENT BOND, SERIES 2023A
Interest Rate
REGISTERED OWNER:
PRINCIPAL AMOUNT:
Maturity Date
February 1, 20_
CEDE & CO.
THOUSAND DOLLARS
Date of Original Issue
August 31, 2023
THE CITY OF HUTCHINSON, McLeod County, Minnesota (the "City"), acknowledges itself to
be indebted and, for value received, hereby promises to pay to the registered owner above named, or
registered assigns, the principal amount indicated above, on the maturity date specified above, with
interest thereon from the date of original hereof specified above at the annual rate specified above
computed on the basis of a 360-day year consisting of twelve 30-day months, payable on February 1 and
August 1 in each year, commencing August 1, 2024, to the person in whose name this Bond is registered
at the close of business on the 15th day (whether or not a business day) of the immediately preceding
month, all subject to the provisions referred to herein with respect to the redemption of the principal of
this Bond before maturity. The interest hereon and, upon presentation and surrender hereof at the
principal office of the Registrar described below, the principal hereof are payable in lawful money of the
United States of America drawn on Bond Trust Services Corporation, in Roseville, Minnesota, as bond
registrar, transfer agent and paying agent (the "Registrar'), or its successor designated under the
Resolution described herein. For the prompt and full payment of such principal and interest as the same
respectively become due, the full faith and credit and taxing powers of the City have been and are hereby
irrevocably pledged.
This Bond is one of an issue in the aggregate principal amount of $[PAR] (the `Bonds"), all of
like date and tenor except as to serial number, interest rate, redemption privilege and maturity date, issued
pursuant to a resolution adopted by the City Council on August S, 2023 (the "Resolution") to pay the cost
of construction of various public improvement projects in the City and is issued pursuant to and in full
conformity with the provisions of the City Charter and Constitution and laws of the State of Minnesota
thereunto enabling, including Minnesota Statutes, Chapters 429 and 475. For the full and prompt
payment of the principal of and interest on the Bonds as the same become due, the full faith, credit and
taxing power of the City have been and are hereby irrevocably pledged. The Bonds are issuable only in
fully registered form, in the denomination of $5,000 or any integral multiple thereof, of single maturities.
A-1
4871-3517-8094\3
Bonds maturing in the years 2034 and thereafter are each subject to redemption and prepayment,
at the option of the City and in whole or in part and if in part, in the maturities selected by the City and by
lot, assigned in proportion to their principal amount, within any maturity, on February 1, 2033 and on any
date thereafter, at a price equal to the principal amount thereof to be redeemed plus interest accrued to the
date of redemption. Prior to the date specified for the redemption of any Bond prior to its stated maturity
date, the City will cause notice of the call for redemption to be published if and as required by law, and, at
least thirty days prior to the designated redemption date, will cause notice of the call to be mailed by first
class mail (or, if applicable, provided in accordance with the operational arrangements of the bond
depository), to the registered owner of any Bond to be redeemed at the owner's address as it appears on
the Bond Register maintained by the Registrar, but no defect in or failure to give such mailed notice of
redemption shall affect the validity of proceedings for the redemption of any Bond not affected by such
defect or failure. Official notice of redemption having been given as aforesaid, the Bonds or portions of
Bonds so to be redeemed shall, on the redemption date, become due and payable at the redemption price
therein specified, and from and after such date (unless the City shall default in the payment of the
redemption price) such Bonds or portions of such Bonds shall cease to bear interest. Upon partial
redemption of any Bond, a new Bond or Bonds will be delivered to the registered owner without charge,
representing the remaining principal amount outstanding.
[COMPLETE THE FOLLOWING PROVISIONS IF THERE ARE TERM BONDS -
ADD ADDITIONAL PROVISIONS IF THERE ARE MORE THAN TWO TERM BONDS]
[Bonds maturing in the years 20_ and 20 shall be subject to mandatory redemption, at a
redemption price equal to their principal amount plus interest accrued thereon to the redemption date,
without premium, on February 1 in each of the years shown below, in an amount equal to the following
principal amounts:
Term Bonds Maturing in 20�'
Sinking Fund
Payment Date
*stated maturity
Aggregate
Principal Amount
Term Bonds Maturing in 20
Sinking Fund
Payment Date
*stated maturity
Aggregate
Principal Amount
Notice of redemption shall be given as provided in the preceding paragraph.]
As provided in the Resolution and subject to certain limitations set forth therein, this Bond is
transferable upon the books of the City at the principal office of the Bond Registrar, by the registered
owner hereof in person or by his attorney duly authorized in writing upon surrender hereof together with a
written instrument of transfer satisfactory to the Bond Registrar, duly executed by the registered owner or
his attorney; and may also be surrendered in exchange for Bonds of other authorized denominations.
Upon such transfer or exchange, the City will cause a new Bond or Bonds to be issued in the name of the
transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate
and maturing on the same date, subject to reimbursement for any tax, fee or governmental charge required
to be paid with respect to such transfer or exchange.
The Bonds have been designated as "qualified tax-exempt obligations" pursuant to Section 265(b)
of the Internal Revenue Code of 1986, as amended.
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4871-3517-8094\3
The City and the Bond Registrar may deem and treat the person in whose name this Bond is
registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of receiving
payment and for all other purposes, and neither the City nor the Bond Registrar shall be affected by any
notice to the contrary.
Notwithstanding any other provisions of this Bond, so long as this Bond is registered in the name
of Cede & Co., as nominee of The Depository Trust Company, or in the name of any other nominee of
The Depository Trust Company or other securities depository, the Registrar shall pay all principal of and
interest on this Bond, and shall give all notices with respect to this Bond, only to Cede & Co. or other
nominee in accordance with the operational arrangements of The Depository Trust Company or other
securities depository as agreed to by the City.
IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts,
conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist,
to happen and to be performed precedent to and in the issuance of this Bond in order to make it a valid
and binding general obligation of the City according to its terms have been done, do exist, have happened
and have been performed as so required; that prior to the issuance hereof the City has by the Resolution
levied or agreed to levy special assessments on property specially benefitted by certain improvements and
covenanted and agreed to collect and apply to payment of the Bonds ad valorem taxes levied on all
taxable property in the City, which special assessments and ad valorem taxes are estimated to be
collectible in years and amounts sufficient to produce sums not less than 5% in excess of the principal of
and interest on the Bonds when due, and has appropriated such taxes and assessments to its General
Obligation Improvement Bonds, Series 2023A Bond Fund for the payment of such principal and interest;
that if necessary for the payment of such principal and interest, additional ad valorem taxes are required to
be levied upon all taxable property in the City, without limitation as to rate or amount; that all
proceedings relative to the projects financed by this Bond have been or will be taken according to law and
that the issuance of this Bond, together with all other indebtedness of the City outstanding on the date
hereof and on the date of its actual issuance and delivery, does not cause the indebtedness of the City to
exceed any constitutional or statutory limitation of indebtedness.
This Bond shall not be valid or become obligatory for any purpose or be entitled to any security
or benefit under the Resolution until the Certificate of Authentication hereon shall have been executed by
manual signature of the authorized representative of the Bond Registrar.
FUN
4871-3517-8094\3
IN WITNESS WHEREOF, the City of Hutchinson, McLeod County, State of Minnesota, by its
City Council, has caused this Bond to be executed by the signatures of the Mayor and the City
Administrator and has caused this Bond to be dated as of the date set forth below.
CITY OF HUTCHINSON, MINNESOTA
(Facsimile Signature City Administrator) (Facsimile Signature Mayor)
CERTIFICATE OF AUTHENTICATION
This is one of the Bonds delivered pursuant to the Resolution mentioned within,
BOND TRUST SERVICES CORPORATION,
as Registrar
Authorized Representative
A-4
4871-3517-8094\3
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 the applicable laws or regulations:
TEN COM --as tenants in common UTMA ................. as Custodian for ..............
(Cost) (Minor)
TEN ENT --as tenants by the entiretics under Uniform Transfers to Minors Act ...........................
(State)
JT TEN --as joint tenants with right of survivorship and not as tenants in common
Additional abbreviations may also be used.
ASSIGNMENT
For value received, the undersigned hereby sells, assigns and transfers unto
the within Bond and all rights thereunder, and does hereby
irrevocably constitute and appoint attorney to transfer the said Bond
on the books kept for registration of the within Bond, 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
enlargement or any change whatsoever.
Signature Guaranteed:
Signature(s) must be guaranteed by an "eligible guarantor
institution" meeting the requirements of the Registrar,
which requirements include membership or participation
in STAMP or such other "signature guaranty program" as
may be determined by the Registrar in addition to or in
substitution for STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.
Please insert social security or other identifying number of assignee:
A-5
4871-3517-8094\3
Exhibit B
PROJECTED TAX LEVIES AND ASSESSMENTS
[TO COME)
4871-1517-8094'3
CERTIFICATE OF COUNTY AUDITOR
AS TO REGISTRATION AND TAX LEVY
I, the undersigned, being the duly qualified and acting County Auditor of McLeod
County, Minnesota, hereby certify that there has been filed in my office a certified copy of a
resolution adopted August 8, 2023, by the City Council of the City of Hutchinson, Minnesota,
setting forth the form and details of an issue of $[PAR] General Obligation improvement Bonds,
Series 2023A, dated as of August 31, 2023, and levying taxes for the payment thereof.
I further certify that the bond issue has been entered on my bond register and the tax
required by law for payment of the Bonds has been levied and filed, as required by Minnesota
Statutes, Sections 475.61 to 475.63.
WITNESS my hand and official seal this day of , 2023.
McLeod County Auditor
(SEAT.)
A-3
4871-3517-8094\3
HUTCHINSON CITY COUNCIL
Request for Board Action
Agenda Item: CONSIDER APPROVAL OF DEVELOPMENT PROPOSAL AND FIRST READ%
Department: EDA
LICENSE SECTION
Meeting Date: 8/8/2023
Application Complete N/A
Contact: Miles R. Seppelt
Agenda Item Type:
Presenter: Miles R. Seppelt
Reviewed by Staff
New Business
Time Requested (Minutes): 5
License Contingency N/A
Attachments: Yes
BACKGROUND/EXPLANATION OFAGENDA ITEM:
A couple years back the City purchased and demolished the old McLeod County group home located at 135 Franklin
Street North in order to redevelop the site.
In response to a Request for Proposals developed by the EDA, Midwest Industrial Tool Grinding, Inc. (MITGI)
submitted a proposal to redevelop the site with a four -unit town home project,
The Hutchinson EDA reviewed the proposal, determined that it best met our goals for redevelopment of the site, and
is recommending its approval by the City Council.
ATTACHED for your review is a brief staff report and the ordinance to sell the lot to MITGI.
Staff will be in attendance to make a very short presentation and answer any questions that may arise.
If you have any questions or need additional information, please give me a call any time at 234-4223.
BOARD ACTION REQUESTED:
(1) Approval of MITGI Development Proposal
(2) First reading of ordinance to sell the lot to MITGI for $1
Fiscal Impact: $ 0.00 Funding Source: N/A
FTE Impact: 0.00 Budget Change: No
Included in current budget: No
PROJECT SECTION:
Total Project Cost:
Total City Cost: Funding Source:
Remaining Cost: $ 0.00 Funding Source:
STAFF REPORT
Development Proposal
from
Midwest Industrial Tool Grinding, Inc. (MITGI)
for the
135 Franklin Street N . Lot
i
i
EXECUTIVE SUMMARY
Midwest Industrial Tool Grinding, Inc. has submitted a proposal to redevelop the city -owned lot at 135
Franklin Street North as a four -unit town home project.
If approved by the City Council, the City would sell the lot to MITGI for $1 and the townhomes would be
constructed in 2024.
It is staff's opinion that this proposal represents the "highest and best use" of the site and is therefore
recommending approval.
BACKROUND
After expanding the boundaries of TIF District 4-16 to include this lot, the City purchased the former
Franklin Group home at 135 Franklin Street North in 2020 in order to redevelop the site.
The building itself was relocated to the Harrington -Merrill site, as it was determined to be the old
Herrington -Merrill barn originally constructed in the 1800's.
The EDA developed and circulated a Request for Proposals document (RFP), with the lot to be sold for $1
to the developer submitting the winning proposal. Two proposals were received, with the MITGI proposal
more closely meeting the EDA's vision for the site.
PROPOSED DEVELOPMENT
MITGI is proposing to develop four townhome / rowhome units on the site. These will be two-story, with
a total of 1,600 square feet (sf) of living area on two levels and a 380-sf garage.
These will be mid -range to upscale 2-bedroom living units. Amenities will include a second -floor balcony
facing the river, gas fireplace, central air-conditioning and granite countertops.
Initial plans call for these to be rental units owned by MITGI, although the company may retain one or
more of the units for company "guest housing."
The project is estimated to cost about $1.6 million, and will have an estimated market value of about
$978,000.
The site is included in the boundaries of TIF District 4-16, so property taxes will be "captured" and used
to reimburse the city for its costs to acquire and clear the lot.
Preliminary Site Plan
(subject to change)
The townhomes / rowhomes will be located on the northwest side of the lot, close to Franklin Street.
Driveway access will be off of the north -south alley that bisects the block.
No drawings of the townhomes have been developed as yet, but they will be upscale in nature and fit in
well with the planned Uptown Grand apartments to be built across the street to the west.
Preliminary Unit Floorplan
(subject to change)
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If Council finds the proposed development satisfactory, staff requests the following:
1. Approval of the MITGI Development Proposal
2. First reading of the ordinance required to sell the lot to MITGI for $1
The second reading and adoption of the ordinance would then take place at the August 22"d meeting of
the City Council.
Following City Council approval, a Development Agreement will be negotiated with the Developer and the
City will complete the sale of the lot at the earliest practicable date.
ORDINANCE NO. 23-841
PUBLICATION NO.
AN ORDINANCE OF THE CITY OF HUTCHINSON, MINNESOTA, AUTHORIZING
THE SALE OF MUNICIPALLY OWNED REAL PROPERTY
THE CITY OF HUTCHINSON ORDAINS:
Section 1. That the municipally owned real property legally described as follows:
LOTS 9 & 10 EXCEPTING NW'LY 1/3, BLOCK 42,
NORTH HALF OF HUTCHINSON
for good and valuable consideration is hereby transferred and conveyed to Midwest Industrial
Tool Grinding, Inc., or its successor or assigns as agreed upon in the purchase agreement.
Section 2. The City Administrator, Matthew Jaunich, or his designee is authorized to
sign any and all documents on behalf of the City to effectuate the closing of this transaction.
Section 3. This ordinance shall take effect upon its adoption and publication.
Adopted by the City Council this 22nd day of August, 2023.
Gary T. Forcier
Mayor
ATTEST:
Matthew Jaunich
City Administrator
- HUTCHINSON CITY COUNCIL
HUTCHINSON Request for Board Action
A CITY ON PURPOSE.
Request for Proposals -Fixed Base Operator for Butler Field
Agenda Item:
Department: Public Works/Eng
LICENSE SECTION
Meeting Date: 8/8/2023
Application Complete N/A
Contact: Mike Stifter/Marc Sebora
Agenda Item Type:
Presenter: Marc Sebora
Reviewed by Staff ❑�
New Business
Time Requested (Minutes): 5
License Contingency N/A
Attachments: Yes
BACKGROUND/EXPLANATION OF AGENDA ITEM:
Every 10 years, the Fixed Base Operator role at Butler Field is up for review with the potential foi
the solicitation of new services. Tom Ashenfelter with ASI Jet has provided services for the past
10 years.
The Airport Commission has discussed the Request for Proposal options and is making the
recommendation to Council that a RFP again be sent out for another 10 year period with options
for 3-1 year renewals.
A Winter/Spring selection is expected with a potential transition expected on/around June 1,
2024.
BOARD ACTION REQUESTED:
Fiscal Impact: Funding Source:
FTE Impact: Budget Change: New Bu
Included in current budget: No
PROJECT SECTION:
Total Project Cost:
Total City Cost: Funding Source: N/A
Remaining Cost: $ 0.00 Funding Source: N/A
CITY OF HUTCHINSON, MINNESOTA
REQUEST FOR PROPOSALS
FOR
FIXED BASE OPERATOR
BUTLER FIELD
HUTCHINSON
MUNICIPAL AIRPORT
ISSUE DATE: 08/18/2023
PROPOSALS PROJECTED DUE DATE:
11/21/2023 4:00 PM Central Standard Time
City of Hutchinson
111 Hassan Street SE
Hutchinson, MN 55350
Attn: Mike Stifter
Director of Public Works
Telephone: 320-234-4212
Email: mstifter@hutchinsommn.gov
I. INTRODUCTION
A. INVITATION
The City of Hutchinson is seeking Request for Proposals (RFPs) to attract a qualified
provider of fixed base operator (FBO) services for the city of Hutchinson Municipal
Airport — Butler Field. The successful proposer will enter into a lease agreement with
the City and provide services consistent with the Federal Aviation Administration
(FAA) Advisory Circular 150/5190-7 Minimum Standards for Commercial Aeronautical
Activities (Exhibit B) and the 2001 City of Hutchinson Airport Rules and Regulations
(Exhibit C). The City intends to provide aviation services at Butler Field that benefit all
users of the Airport. Proposals are limited to general aviation facilities and services
allowed under FAA Minimum Standards. In addition, the FAA requires that any lease
agreement granting the right to serve the public on the Airport be subordinate to the
City's grant obligations and any other applicable FAA Rules, Regulations and Advisory
Circulars.
The proposed term of the Lease for the successful proposer is an initial term of ten
(10) years with three additional one (1) year options unless terminated earlier or
otherwise amended.
The City will hold a pre -proposal meeting on September 25, 2023, at 10:00 a.m.
Central Standard Time in Joe Dooley Terminal at the airport 1700 Butler Dr SW in
Hutchinson, Minnesota. Attendance in the pre -proposal meeting is not mandatory but
is highly recommended.
THIS RFP SOLICITATION REQUIRES ALL PROPOSALS TO BE
SUBMITTED ELECTRONICALLY
B. BACKGROUND
1. City of Hutchinson
The City of Hutchinson is a regional center and is the largest city in McLeod County, Minnesota
with a population of approximately 15,000. The city is known as "Minnesota's
Manufacturing City" due to the large number of manufacturing businesses in the area
including the largest 3M manufacturing facility in North America.
Policy making and legislative authority are vested in the Hutchinson City Council, which
consists of four City Councilmembers and a Mayor elected at large by the voters of the
City of Hutchinson. The Council's responsibilities include passing ordinances, adopting
the Budget, appointing committees and supervising the City Administrator who
manages the day-to-day operations of the City.
City Public Works Department
The day-to-day operation and management of the Hutchinson Municipal Airport is the
responsibility of the City Public Works Department and the Airport Manager. Policy
decisions affecting the Airport are made by the five -member Hutchinson City
Council. The Hutchinson Airport Commission serves in an advisory capacity to the
City Council and staff on matters involving the Hutchinson Municipal Airport.
2. Background Information on the City Airport
The City of Hutchinson Municipal Airport — Butler Field (HCD) is located at the south
end of Hutchinson. It is an intermediate General Aviation (GA) airport. The airport has
one fixed base operator (FBO) with an FBO services agreement that expires on June 30,
2024. The current FBO also has lease agreements for two hangers
which will expire on the same date. As stated in Federal Aviation
Administration (FAA) Advisory Circular 150/5190-7 Minimum Standards for
Commercial Aeronautical Activities, a FBO is a commercial business granted the right
by the airport sponsor (City) to operate on the airport and provide aeronautical services
such as fueling, hangaring, tiedown and parking, aircraft rental, aircraft maintenance,
flight training, and additional services.
City staff is conducting an RFP process to execute a new FBO services agreement for
the airport to begin on June 1, 2024. The current FBO services agreement is 10 years
old. As such, the City is seeking an FBO to operate on HCD and provide aeronautical
services, effective June 1, 2024.
At its April 20, 2023 public meeting, the Airport Commission directed City staff to begin
the process of establishing criteria for proposals for a new FBO agreement and on July
27, 2023 gave the recommendation to Council to proceed with the issuance of the RFP.
II. PROJECT SCOPE
This section of the proposal provides a description of the facilities and services that
will be made available as part of the services agreement to the FBO. It also
describes the minimum services the FBO shall be required to provide.
A. FACILITIES AND SERVICES AVAILABLE FOR LEASE
The following facilities and services will be available to the selected FBO.
Facilities:
Terminal — Bldg #1700 50 x 50 = 2,500 sf (total)
Office —17 x 12 = 200 sf
May use in -common with other airport users
Lobby — 20 x 25 = 500 sf
Restrooms — 20 x 8 = 160 sf
Conference room —17 x 12 = 200 sf
Pilot lounge — 15 x 10 = 150 sf
Flight planning room —10 x 8 = 80 sf
Maintenance hangar: Bldg #1710 — 80 x 70=5,600 sf (steel frame)
Bi-fold door width — 64'; Clearance = 22'
(maybe) Storage hangar: Bldg #1720 — 70 x 80 = 5,600 sf (steel frame)
Hydraulic door width — 60'; Clearance = 18'
Jet A-12,000 gal above ground tank, maintained by City
AvGas—12,000 gal above ground tank, maintained by City
Private hangar lots suitable for commercial activities may be available
The property is serviced by the Hutchinson Utilities Commission for natural gas and
electrical. Water and wastewater are provided by the City of Hutchinson. Internet
access is provided by the local telephone company (Nuvera) or through local internet
service providers. There is a city -operated onsite well and septic system.
B. FIXED BASE OPERATIONAL REQUIREMENTS
As part of the services agreement, the Fixed Base Operator (FBO) will be required to
provide a variety of commercial aeronautical services including:
1. Aviation Fuels and Lubricants
o Jet A
o Avgas (100LL)
o Unleaded
o Lubricants
2. Hangar Rental Management for short term and transient aircraft
3. Tiedown Rental Management
4. Aircraft Ramp Services
5. Aircraft Maintenance and Repair
6. Pilot Amenities and Facilities
7. Aircraft Removal
8. Airport Communications, issue NOTAMS, as necessary
9. Reporting required by various airport permits.
Upon written approval of the City, the FBO may provide or subcontract a variety of
other aeronautical services including, but not limited to, items 10 through 20 below.
10. Aircraft Rental
11. Flight Training
12. Ground School for Flight Training
13. Sale of New and Used Aircraft
14. Sale of New and Used Aircraft Parts, Supplies, Instruments and Accessories
15. Avionics
16. Special Flight Services, including Aerial Sightseeing, Aerial Advertising and
Aerial Photography
17. Air Taxi/Charter
18. Aircraft Leasing
19. Vehicular Rental
20. Other General Aviation Services and/or Facilities
III. SCHEDULE AND EXPLANATION OF MILESTONES
This section of the RFP contains the anticipated schedule for the procurement and
describes the procurement events as well as the conditions governing the procurement.
A. SCHEDULE
The City will make every effort to adhere to the following anticipated schedule:
MILESTONE
DATE
1.
Issue of RFP
08/18/2023
2.
Pre -proposal Meeting
09/25/2023 10:00 A.M. CST
3.
Deadline to Submit Written Questions
10/10/2023 4:00 P.M. CST
4
Response to Written Questions/RFP
Addendum Posted
10/23/2023
5.
Submission of Proposals
11/21/2023 4:00 P.M. CST
6.
Proposal Evaluation
11/21-29/2023
7.
Selection of Short List
11/30/2023
8.
Conduct Oral Interviews (if necessary)
11/30-12/14/2023
9.
Selection of Finalist
12/21/2023
10.
Issue Notice of Intent to Award
12/21/2023
11.
Negotiations
12/26/2023-01/12/2024
12.
City Council Contract Approval
01/23/2024
13.
Commencement of Contract
06/01 /2024
B. POINT OF CONTACT
The City has designated the Airport Manager to be responsible for the
conducting this procurement. His name, address and telephone number are
listed below:
Attn: Mike Stifter
Director of Public Works
Telephone: 320-234-4212
Email: stifter@hutchinsommn.gov
Proposers may ONLY contact the Airport Manager regarding this RFP.
Any inquiries or request regarding this procurement should be submitted in writing
to the airport manager via direct email to mstifter@hutchinsommn.gov.
NO CONTACT WITH THE EXISITING FBO IS PERMITTED DURING STEPS 1
THROUGH 12 AS NOTED IN THE SCHEDULE ABOVE.
C. EXPLANATION OF MILESTONES
1. ISSUE OF RFP
This RFP is being issued by the City of Hutchinson Public Works Department.
Copies of this RFP including supporting documents may be obtained from
www.hutchinsonmn.gov
2. PRE -PROPOSAL MEETING
Notification and information about the pre -proposal meeting will be provided
through the Airport Manager to all who have registered to participate in the RFP.
While the meeting is not mandatory, you are highly encouraged to attend.
Pre -proposal Meeting
Information Date: 09/25/2023
Time: 5:30 pm CST
The airport commission, airport commission subcommittee, and City employees
may attend the pre -proposal meeting. No audio, video, or written, transcript record
of the proceedings of this pre -proposal meeting will be available after its conclusion.
The City will attempt to tabulate a list of all questions and responses at the pre -
proposal event but does not guarantee that the list will include every question asked
at the event. Upon request, the City may publish a list of attendees at the pre -
proposal meeting after the conclusion of the event.
3. DEADLINE TO SUBMIT WRITTEN QUESTIONS
Submit all written questions to the Director of Public Works via
mstifter(c-)hutchinsommn.gov by October 10, 2023, as presented in the Schedule
of Events. The City will not respond to questions submitted in any other manner
or format.
4. RESPONSE TO WRITTEN QUESTIONS/RFP ADDENDUM POSTED
The City will list answers to all written questions received by the deadline and
any material change to the RFP on an addendum to the RFP and post the
addendum on www.hutchinsommn.pov on October 21, 2023, as presented in the
Schedule of Events. Thereafter, the City does not guarantee a response. The
City, however, reserves the right to post additional information in addenda until
the RFP closing date and time.
5. SUBMISSION OF PROPOSALS
All proposals shall be submitted to the Airport Manager at
mstifter@hutchinsommn.gov. The City will not consider proposals submitted in
any other manner. Proposals must be filed with the Airport Manager at
mstifter@hutchinsommn.gov prior to the due date and time of proposal
submission. Proposals will not be accepted beyond the due date and time.
a. NUMBER OF RESPONSES
Only one proposal will be accepted from any one person, partnership,
corporation or other entity; however, multiple alternatives may be included in
one proposal.
b. PROPOSAL FORMAT AND ORGANIZATION
The proposal should be organized and indexed in the following format and should
contain, at a minimum, all listed items in the sequence indicated:
Section A: Letter of Transmittal
Section B: Experience
Section C: Services Offered
Section D: Financial Capacity
Section E: Additional Information
Proposals that do not follow the outline format, or fail to provide the required
documentation, may receive lower scores, or if nonresponsive, be disqualified. The
City reserves the right to request clarification from any respondent as to the intent of a
proposal in the event of a conflict within the proposal as submitted.
6. PROPOSAL PREPARATION INSTRUCTIONS
Within each section of their proposal, proposers should address the items in the order
in which they appear in this RFP. All forms provided in the RFP should be thoroughly
completed and included in the appropriate section of the proposal.
7. NON -CONFORMING SUBMISSIONS
A submission may be construed as a non -confirming proposal, ineligible for
consideration or incomplete, if it does not comply with the requirement of this RFP.
IV. EVALUATION, NEGOTIATIONS AND AWARD PROCESS
A. REVIEW OF PROPOSALS FOR REPONSIVENESS
Each proposal will be reviewed to determine if the proposal is responsive to the
submission requirements outlined in this Solicitation. A responsive proposal is one
which follows the requirements of this Solicitation, includes all documentation, is
submitted in the format in this Solicitation, is of timely submission, and has the
appropriate signatures as required on each document. Failure to comply with these
requirements may result in the proposal being deemed non -responsive.
B. EVALUATION CRITERIA
The City intends to rank the proposals based on the scoring criteria published in this
document. The City will consider the combined qualifications and experience of the
Proposer, its principals, management, key personnel as well as the financial analysis.
In addition, any lease or agreement granting the right to serve the public on the Airport
will be subordinate to FAA and State of Minnesota grant obligations. The written proposal
will be evaluated and rated and ranked based on the following criteria.
a. EXPERIENCE
The qualifications and relevant experience of the FBO, including the
proposer's FBO Manager and key personnel that the Proposer intends to
assign to this FBO. (25 pts)
b. SERVICES OFFERED
The type, level and quality of products and services the Proposer will offer
pursuant to the Federal Aviation Administration Minimum Standards for
Commercial Aeronautical Activities and the needs of the local aviation and
airport business customers. Preference will be given to the respondent who
provides the required services Nos. 1-9 (listed on p.4, Section B), including
management and operation of the required services, by the organization
submitting the proposal. (25 pts)
c. FINANCIAL CAPACITY
The Proposer's financial capacity to operate the FBO as proposed as evidenced
by past financial performance. The Proposer shall provide and the City shall
evaluate financial statements, assets, credit history and business performance.
(25 pts)
d. PAYMENT TO CITY
Annual bid amount the proposer shall pay the City for the right to provide FBO
services and/or to rent hangar space at the Hutchinson Municipal Airport. (25
pts)
The City's Evaluation Committee will rank the proposals received based on the sum
total of points received in each category. The City will enter into negotiations to enter
into a lease with the highest rated proposal. If the Parties cannot reach mutually
agreeable lease terms the City may terminate negotiations with the first proposer
and move to negotiations with the second ranked proposer and so on and so forth.
C. PROPOSAL EVALUATION
An Evaluation Committee will be appointed, and each Evaluation Committee
member will independently review, evaluate and score the proposals. The highest
ranked responses will be recommended for the next round of evaluation.
D. ORAL PRESENTATIONS
Upon evaluation of the criteria indicated above and the rating and ranking, the
Evaluation Committee may choose to conduct an oral presentation with the
proposer(s) which the Evaluation Committee deems to warrant further consideration
based on, among other considerations the highest ranked proposer or proposers
within the competitive range. Upon completion of the oral presentations, the
Evaluation Committee members will independently re-evaluate, re -rate and re -rank
the proposals remaining in consideration based on the written documents combined
with the oral presentation.
E. NEGOTIATIONS
The City may enter direct negotiations with the highest ranked proposer or may
request best and final offers. In the event the City engages in negotiations with a
single proposer and/or requests best and final offers, the discussions may include
price and conditions attendant to price.
Notwithstanding the foregoing, if the City and the proposer cannot reach agreement
on a contract, the City reserves the right to terminate negotiations and may begin
negotiations with the next highest ranked proposer. This process may continue until
a contract acceptable to the City has been executed or all proposals are rejected.
No proposer shall have any rights against the City arising from such negotiations or
termination thereof.
F. CONTRACT AWARD
Any proposed contract, resulting from this Solicitation, will be submitted to the City
Airport Commission. All proposers will be notified in writing of the decision with
respect to the contract award. Notwithstanding the right of protest outlined in the
Conditions Governing the Procurement attachment, the City's decision of whether to
make the award and to which proposer shall be final.
V. CONDITIONS GOVERNING THE PROCUREMENT
This section contains the conditions governing the Request for Proposal (RFP) process.
Proposers are required to adhere to these conditions.
A. INCURRING COST
This RFP does not commit the City to award, nor does it commit the City to pay any
cost incurred in the submission of the proposal, or in making necessary studies or
designs for the preparation thereof, nor procure or contract for services or supplies.
Further, no reimbursable cost may be incurred in anticipation of a contract award.
B. CLAIMS AGAINST THE CITY OF HUTCHINSON
Neither proposers' organization nor any of their representatives shall have any claims
whatsoever against the City or any of its respective officials, agents, or employees arising
out of or relating to this RFP or these RFP procedures, except as set forth in the terms
of a definitive agreement between the City and your organization.
C. BASIS FOR PROPOSAL
Only information supplied by the City in writing in connection with this RFP should be
used as the basis for the preparation of proposer's proposal.
D. NO PUBLIC PROPOSAL OPENING
There will be no public opening for this RFP.
E. MINNESOTA DATA PRACTICES ACT (MDPA)
All proposals become the property of the City, which is a public agency subject to the
disclosure requirements of the Minnesota Data Practices Act ("MDPA"). If proprietary
information is contained in documents submitted to the City, the proposer may claim that
such information falls within one or more MDPA exemptions, and the proposer must
clearly mark such information "CONFIDENTIAL AND PROPRIETARY," and identify
the specific lines containing such information. In the event of a request for such
information, the City will make best efforts to provide notice to proposer prior to such
disclosure. If proposer contends that any documents are exempt from the MDPA and
wishes to prevent disclosure, it is required to obtain a protective order, injunctive relief
or other appropriate remedy from a court of law in McLeod County, Minnesota before the
City's deadline for responding to the MDPA request. If proposer fails to obtain such
remedy within City's deadline for responding to the MDPA request, the City may
disclose the requested information.
Proposer further agrees that it shall defend, indemnify and hold City harmless against
any claim, action or litigation (including but not limited to all judgments, costs, fees, and
attorney's fees) that may result from denial by City of a MDPA request for information
arising from any representation, or any action (or inaction), by the proposer.
F. CONFIDENTIALITY
All data and information obtained from the City of Hutchinson by the proposers and their
agents in this RFP process, including reports, recommendations, specifications and
data, shall be treated by the proposer and its agents as confidential. The proposers and
its agents shall not disclose or communicate this information to a third party or use it
in advertising, publicity, propaganda, or in another job or jobs, unless written consent
is obtained from the City. Generally, each proposal and all documentation, including
financial information, submitted by a proposer to the City is confidential until a contract
award recommendation is signed by the City of Hutchinson, when such documents
become public record under state and local law, unless exempted under MDPA.
G. ELECTRONIC SUBMISSIONS OF THE RFP
This RFP is being made available by electronic means. As part of the RFP,
proposers will be required to download, complete and upload certain documents.
Proposers acknowledge and accept full responsibility to ensure that no changes are
made to the RFP. In the event of conflict between a version of the RFP in the
proposer's possession and the version maintained by the City of Hutchinson the
version maintained by the City of Hutchinson must govern.
2. All proposals must be submitted electronically to mstifter@hutchinsommn.gov in
accordance with the City requirements. Proposals submitted in any other form,
including, but not limited, to hardcopy, email, fax or verbal will not be accepted.
3. All proposals are secure and may not be accessed by the City until the RFP
closing date and time as indicated on the solicitation document, or subsequent
addenda.
4. Proposers may modify or withdraw their proposals submitted until the RFP
closing date and time. The City will only consider the latest version of the
proposal.
5. Proposers should allow adequate time to submit proposals electronically.
Submission of a proposal may not be instantaneous and may be affected by
several events, such as temporarily losing connection to the internet. Proposers
are solely responsible for ensuring their responses are completed and submitted
electronically prior to the closing date and time for this RFP.
6. The City will view documents submitted only in the following format:
a. Portable document format file (PDF).
7. If the City is unable to open a file due to a virus or because the file has been
corrupted, the proposal response may be considered incomplete and disqualified
from further consideration. Electronic proposal submissions may require several
attachments. The submission of the attachment containing embedded documents
or proprietary file extension is prohibited. Each document should be attached as a
separate file.
8. All information submitted is subject to third parties' disclosure under the Minnesota
Data Practices Act.
H. CITY RIGHTS
The City reserves the right to do any of the following at any time:
1. Reject any or all proposal(s);
2. Waive or correct any minor defect, irregularity or technical error in a
proposal or the RFP process, or as part of any subsequent contract
negotiation;
3. Request that proposers supplement or modify all or certain aspects of
their proposals or other documents or materials submitted;
4. Terminate the RFP, and at its option, reissue a new RFP;
5. Procure any equipment or services specified in this RFP by other means;
6. Modify the selection process, the specifications or requirements for
materials or services, or the contents or format of the proposals;
7. Extend a deadline specified in this RFP, including deadlines for
accepting proposals;
8. Negotiate with any or none of the proposers;
9. Modify in the final agreement any terms and/or conditions described in this RFP;
10. Terminate failed negotiations with a proposer without liability, and negotiate
with other proposers;
11. Disqualify any proposer on the basis of a real or apparent conflict of interest,
or evidence of collusion that is disclosed by the proposal or other data
available to the City;
12. Eliminate, reject or disqualify a proposal of any proposer who is not a
responsible proposer or fails to submit a responsive offer as determined
solely by the City; and/or
13. Accept all or a portion of a proposer's proposal.
VI. PROPOSER'S SUBMISSION
THIS RFP SOLICITATION REQUIRES ALL PROPOSALS TO BE SUBMITTED
ELECTRONICALLY THROUGH EMAIL TO MIKE STIFTER
MSTIFTERc@HUTCHINSONMN.GOV. NO PAPER OR FAX SUBMISSIONS WILL BE
ACCEPTED.
This section contains requirements and relevant information proposers should use for the
preparation of their proposals. Proposers should thoroughly respond to each requirement.
A. LETTER OF TRANSMITTAL
Each proposal received shall include a letter of transmittal. The letter of transmittal must:
1. Identify the submitting organization;
2. Identify the name, title, telephone and fax numbers, and e-mail address of
the person authorized by the organization to contractually obligate the
organization;
3. Identify the name, title, telephone and fax numbers, and email address
of the person authorized to negotiate the contract on behalf of the
organization;
4. Identify the names, titles, telephone and fax numbers, and e-mail
addresses of persons to be contacted for clarification;
5. Be signed by the person authorized to contractually obligate the organization;
6. Acknowledge receipt of any and all addenda to this RFP;
7. Identify all sections of the proposal that the proposer claims contain
"proprietary" or "confidential" information;
8. Legal name of the company that will enter into a lease agreement with the
City and any alternate names for which the company is known, e.g., Doing
Business As (DBA);
9. Mailing, Physical and Billing Addresses;
10. Federal and State ID Numbers;
11. List of Owners;
12. List of corporate officers with titles (if applicable); and
13. Name, title, mailing address, phone number, and email of the person to receive
notices and who is authorized to make decisions or represent the company
with respect to this RFP.
14. Include an Executive Summary which should be a one or two -page summary
intended to provide the Evaluation Committee with an overview of the
significant business features of the proposal.
B. EXPERIENCE
1. Proposer's Experience and Other Information
The proposer should include in their proposal a statement of relevant
experience. The proposer should thoroughly describe, in the form of a
narrative, its experience and success as well as the experience and success of
its subcontractors, if applicable, in providing and/or supporting FBO services
consistent with the RFP.
In addition, proposers should provide the following information:
a. The name of the jurisdiction in which the proposer is organized and the
date of such organization.
b. Length of time the proposer has been providing the proposed
goods and services.
c. A description of the proposer's organization, including names of
principals, number of employees, client base, areas of specialization
and expertise, and any other information that will assist the Evaluation
Committee in formulating an opinion about the stability and strength of
the organization.
d. A complete disclosure if proposer, its subsidiaries, parent, other
corporate affiliates, or subcontractors have defaulted in its
performance on a contract during the past five years which has led
the other party to terminate the contract. If so, identify the parties
involved and the circumstances of the default or termination.
e. A list of any lawsuits filed against the proposer, its subsidiaries, parent,
other corporate affiliates, or subcontractors in the past five years and
the outcome of those lawsuits. Identify the parties involved and
circumstances. Also, describe any civil or criminal litigation or
investigation pending.
2. Past Performance (References)
The proposer's submittal should include at least three (3) different external
references from airport sponsors for whom the proposer has provided
similar services in the last three (3) years, and who are willing to validate
the proposer's past performance. References are preferred to be of
previous or existing public sector clients. The minimum information
that should be provided for each client reference is as follows:
1. Name of the contact person;
2. Name of the company or governmental entity;
3. Address of the contact person;
4. Telephone number of contact person;
5. Email address of the contact person;
6. A description of the services provided and dates the services were provided.
3. Current and Previous Aviation Operations
For those proposers who are currently or have previously engaged in aviation
businesses similar to those described by this RFP, please provide the following:
a. Provide the duration and extent of your experience or association as it
pertains to the types of services required in this RFP.
b. List the name(s) and addresses of aviation facilities currently or
previously operated by you. How long did these operate? What services
were provided?
c. If you are no longer operating any of these businesses, please
indicate the reason, therefore.
d. Provide the name, location and date of any airport operating contracts that
have been terminated either voluntarily or involuntarily prior to the
expiration thereof and provide an explanation for same.
C. SERVICES OFFERED
All the leases and agreements for the existing facilities and services on the fixed base
operator lease lot will expire on June 1, 2034, including those for the tiedowns and hangars.
The new FBO will be expected to provide the following services beginning June 1, 2024.
1. Operational
a. Required Services
Aviation Fuels and Lubricants
The successful leaseholder shall provide 100LL, Jet A and Unleaded
Aviation Gasoline. The lease does not include any City -owned fueling
equipment or tanks.
For information purposes, the existing FBO lease holder utilizes their own
fueling equipment, including a skid -mounted 10,000-gallon 100 LL fuel tank
and pump, a 5,000 gallon Jet A refueling truck, and a 750 gallon 100LL
refueling truck.
Describe the manner in which you will conduct the fueling operations, with
what equipment, and the fueling margins per gallon (retail vs. cost) you
expect. Provide a description of the methods that will be utilized for fuel
testing, quality control of the fuel products and fuel spill procedures.
Include the manner in which you will provide fueling operations for aircraft
including equipment, times of operation and availability and personnel
(attendance, uniforms, etc.).
ii. Aircraft Ramp Services
Describe how you will provide aircraft ramp services including parking guidance
for based and itinerant aircraft, towing services and personnel.
iii. Aircraft Maintenance and Repair
Describe the proposed operations of the FBO maintenance and repair
station. What FAA repair station ratings will the FBO operate under? What
types of services will the repair station offer to the public? What are the
qualifications of personnel who will perform, supervise and inspect the work
for which the station is rated?
iv. Pilot Facilities and Amenities
Describe the facilities and amenities to be provided for the convenience of
the Airport users such as a pilot lounge equipped with internet, city -provided
courtesy car, vending machines for food and beverages, study area for
student pilots, appropriate furniture for quiet resting and reading and
informational services.
v. Aircraft Removal
Describe how removal of disabled aircraft from the Air Operations Area
(AOA) will be performed as needed. The AOA shall mean those portions of
the Airport provided and made available for aircraft and aircraft -related
operations and shall include the airport runway, taxiways, aircraft aprons and
tiedown spaces which are not included in the FBO lease area or any other
tenant area on the Airport.
vi. Airport Communications
The FBO will be required to issue NOTAMS and provide UNICOM advisory
services according to recommended FAA/FCC practices and procedures.
Describe any past experience providing UNICOM advisory services and how
these services will be provided.
vii. Pilot Training
Describe how you will provide flight training to adequately fulfill existing
demand for these services at the Hutchinson Municipal Airport under the
current demand conditions. Describe how you will scale -up flight training to
provide a FAR Part 141, Pilot Schools, approved flight training school
should demand increase, including the ability to provide training to students
in cooperation with local colleges and universities consistent with FAA
regulations.
b. Optional Operational Services
Please describe any of the other aeronautical services the proposer will
provide based on approval of the City.
2. Personnel
Submit a statement, including resumes, detailing the experience and qualifications
of all key management and operating personnel that will be, or are proposed to be,
responsible for the management and operation of the FBO. Include a statement of
job responsibilities these individuals will hold within the FBO. If key management
or operating personnel have not been selected, provide the general qualifications
and levels of experience to be required when hiring such individuals.
Provide a proposed organizational chart for the FBO, detailing the lines of
communications and identifying the individuals anticipated to be placed in the
positions noted.
3. Marketing
Provide a marketing and promotional plan for the FBO for the first seven years of
operation that shall include, but not be limited to methods that will be employed to
market the FBO's products and services; target markets and the intended approach to
each; and samples of marketing and promotional materials that may be used.
4. Facilities
In addition to the facilities to be provided by the City to the FBO under the RFP, describe
any anticipated improvements or changes the facility needs during the first seven years
of operation of the FBO. Please detail how and who should finance these
improvements.
D. FINANCIAL CAPACITY
1. Financial Stability/Proposer Financial
Proposers shall submit copies of the most recent year's independently audited
compiled financial statements, as well as those for the preceding three years, if they
exist, or equivalent. The submission should include the audit opinion, balance
sheet, income statement, retained earnings, cash flows, and notes to the financial
statements. If independently audited financial statements do not exist for the
proposer, the proposer should state the reason and, instead, submit sufficient
information for example Dun and Bradstreet report or any other supporting
document to enable the Evaluation Committee to determine the financial stability of
the proposer.
Proposers shall provide this information with their proposal and not defer
submission to a later date. The Evaluation Committee may request, and the
proposer shall supply any additional financial information requested in a timely
manner.
E. ADDITIONAL INFORMATION
1. Indemnity and Insurance Requirements
The City requires minimum insurance coverage is for general liability in a minimum
amount of $2 million per person and $2 million per occurrence. Other typical
coverages for Worker's Compensation, property damage, automobile liability, shall
be in an amount of not less than $500,000. Aircraft liability coverage shall be in an
amount of not less than $2 million. Proposers should provide a certificate(s) of
insurance or a copy of the insurance declaration page(s) with their proposals as
written evidence of their ability to meet the insurance certificate and other applicable
City insurance requirements. In addition, proposers should provide a letter from an
insurance agent or other appropriate insuring authority documenting their willingness
and ability to endorse their insurance policies naming the City as an additional
insured.
2. Proposer's Terms and Conditions
If proposer objects to any of the City's terms and conditions listed in the City of
Hutchinson Standard Terms and Conditions Exhibit, proposer should propose
specific alternative language and indicate the reason for their objection. The City
may or may not accept the alternative language. The City will not accept general
references to the proposer's terms and conditions and attempts at complete
substitutions are not acceptable to the City. Proposer should provide a brief
discussion of the purpose and impact, if any, of each proposed changed followed by
the specific proposed alternate wording.
In addition, proposer should submit with their proposal any additional terms and
conditions that they expect to have included in the contract negotiated with the City.
Proposer should provide specific proposed wording and a brief discussion of the
purpose and impact, if any. Proposer should also include any applicable agreement,
such as license, service level, maintenance, etc.
3. Attachments
Attached are draft agreements hangar lease agreement of the FBO Services
Agreement and the FBO Business related which are subject to negotiation with the
successful proposer
HUTCHINSON CITY COUNCIL
HUTC H I N SON Request for Board Action
A CITY ON PURPOSE.
Galling Budget Workshop Meetings for 4 p.m. on August 22 and September 12
Agenda Item:
Department: Administration
LICENSE SECTION
Meeting Date: 8/8/2023
Application Complete N/A
Contact: Matt Jaunich
Agenda Item Type:
Presenter: Matt Jaunich
Reviewed by Staff El
New Business
Time Requested (Minutes): 1
License Contingency N/A
Attachments: No
BACKGROUND/EXPLANATION OFAGENDA ITEM:
Staff is looking to call our next two budget workshop meetings of the year in preparation for the
2024 budget.
The next workshop (2nd overall) will be at 4 p.m. on August 22 and will focus on our preliminary
Capital Improvement Plan, which was distributed to you on July 31
The third budget workshop will focus on the preliminary budget and tax levy and will be held at 4
p.m. on September 12. A copy of the proposed budget and levy will be sent to you by
September 1 st. The preliminary tax levy is expected to go to the council for approval at your
September 26 meeting.
Staff is asking the council to call these two budget workshop meetings.
BOARD ACTION REQUESTED:
Approval of calling two budget workshop meetings for 4:00 p.m. on August 22 and September 12
Fiscal Impact: Funding Source:
FTE Impact: Budget Change: New Bu
included in current budget: No
PROJECT SECTION:
Total Project Cost:
Total City Cost: Funding Source: N/A
Remaining Cost: $ 0.00 Funding Source: N/A
c HUTCHINSON CITY COUNCIL
HUTCHINSON Request for Board Action
A CITY ON PURPOSE.
Approval for Emergency Replacement of Meter Reading Base Sensus Systems in
Agenda Item: the North and South Water Towers
Department: Finance
LICENSE SECTION
Meeting Date: 8/8/2023
Application Complete Yes
Contact: Andy Reid
Agenda Item Type:
Presenter: Andy Reid
Reviewed by Staff ❑�
New Business
Time Requested (Minutes):
License Contingency N/A
Attachments: Yes
BACKGROUND/EXPLANATION OFAGENDA ITEM:
The meter reading base system in the City's north water tower had a failure which prevented the
majority of Water and Gas meters from being read for the July billings. To complicate matters,
the systems are obsolete and no longer being supported by Sensus. As such, Sensus does not
have the necessary parts to service our failed equipment.
City and HUC staff met today to discuss the issue and we believe the best approach is to replace
the systems in both water towers with a version that will be supported by Sensus for several
more years. The total cost to do this is $73,600 as shown on the attached quote. Of this
amount, the City's (Water fund) share is $18,772.48 while the remainder will be paid by
Hutchinson Utilities (Electric & Gas). The allocation is based on total number of meters being
read by the two systems.
The lead time to receive the new equipment is 3 to 4 weeks with a few days to do the installs.
This will be putting us up tight against the timing for August billings so time is critical in approving
the quote and ordering the equipment.
BOARD ACTION REQUESTED:
Approve the quote to replace the meter reading systems in both water towers.
Fiscal Impact: Funding Source:
FTE Impact: Budget Change: No
Included in current budget: No
PROJECT SECTION:
Total Project Cost: $ 73,600.00
Total City Cost: $ 18,772.48 Funding Source: Water fund
Remaining Cost: $ 54,827.52 Funding Source: Hutchinson Utilities
CITY OF HUTCHINSON
Job Location: hutchinson, MN
Bid Date: 08/03/2023
Core & Main 3055905
Seq# QtY
=&MAIN
Bid Proposal for Hutchinson Base Station
Description
DUE TO CURRENT SUPPLY CHAIN DISRUPTIONS,
MATERIALS ARE SUBJECT TO PRICING AT TIME
OF SHIPMENT. MATERIAL AVAILABILITY AND
TIMELINESS OF SHIPMENTS CANNOT BE
GUARANTEED. THIS TERM SUPERSEDES ALL OTHE
CONTRACTUAL PROVISIONS.
10 2 M400132 BASE STATION 200KHZ PCs
20 2 TGB M400 INSTALLATION
REMOVE EXISTING TGB &
INSTALL NEW
Core & Main
15800 W 79th St
Eden Prairie, MN 55344
Phone: 952-937-9666
Fax: 952-937-8065
Units Price Ext Price
29,600.00 59,200.00
7,200.00 _ 14,400.00
Total Cost 1 $73,600.00 ,
UNLESS OTHERWISE SPECIFIED HEREIN, PRICES QUOTED ARE VALID IF ACCEPTED BY CUSTOMER AND PRODUCTS ARE RELEASED BY
CUSTOMER FOR MANUFACTURE WITHIN THIRTY (30) CALENDAR DAYS FROM THE DATE OF THIS QUOTATION. CORE & MAIN LP
RESERVES THE RIGHT TO INCREASE PRICES TO ADDRESS FACTORS, INCLUDING BUT NOT LIMITED TO, GOVERNMENT REGULATIONS,
TARIFFS, TRANSPORTATION, FUEL AND RAW MATERIAL COSTS. DELIVERY WILL COMMENCE BASED UPON MANUFACTURER LEAD
TIMES. ANY MATERIAL DELIVERIES DELAYED BEYOND MANUFACTURER LEAD TIMES MAY BE SUBJECT TO PRICE INCREASES AND/OR
APPLICABLE STORAGE FEES. THIS BID PROPOSAL IS CONTINGENT UPON BUYER'S ACCEPTANCE OF SELLER'S TERMS AND
CONDITIONS OF SALE, AS MODIFIED FROM TIME TO TIME, WHICH CAN BE FOUND AT: https://coreandmain.com/TandC/
Cost Allocation based on # of Meters:
$54,827.52 - HUC Gas & Electric
18 772.48 - City Water
$73,600.00 Total Cost
08/08/2023 - 1:21 PM Actual taxes may vary Page 1 of 1
Library Board Meeting
June 26, 2023
Members Present: Mary Christensen, Sue Griep, Margaret Hoffman, Kay Hultgren,
Dianne Wanzek, and Katy Hiltner, Ex-officio.
Excused/Absent: Julie Lofdahl, Tim Burley
Dianne called the meeting to order at 4:30 pm
Minutes from the May 22, 2023, meeting were reviewed and approved.
Old Business:
1. Summer Reading Begins (June 6):
To date, 292 children and 25 teens have signed up. In addition, 55 adult reading
logs have been distributed. Katy expressed thanks for her staff's preparation, display work, etc.
78 participants attended the first StoryTime on June 15; and on June 22, 250 attended the 4-H
program which featured live animals.
2. Historic Hutchinson Series: Voices from the Past:
This will take place upstairs in the library. Partnering with Historic Hutchinson,
publicity bookmarks will be available. This three-part series consists of the following presenters:
Bill Arndt on June 30, 2 pm —"Lost Hutchinson", Jim Fahey on July 28, 2 pm —
"Building a City on Purpose", and Kay Voigt with a special guest on August 25, 2pm—
"Instruments of Change: The Hutchinson Brothers."
New Business:
1. Prairielands Accessibility Grant:
Katy applied for and received a grant of $500 through this consortium supporting
libraries. This grant will be used to purchase large print (contemporary themed) books for
adults, two headsets for speakers/readers at outside Stories in the Park events, and materials
for a sensory station to be used downstairs in the library following indoor storyhours.
2. July Calendar of Events:
6/29 Lawn games for teens.
7/13 Climb Theater presents the Ant and the Grasshopper at storyhour.
On other dates, the Dairy Princesses and master gardeners will be guest
readers.
7/20 Puzzles, Popcorn, and Pretzels —puzzle competition
2nd and 4th Thursdays —Chess Cub
3. DVD Binge Boxes:
Sets of movies with one common theme have been assembled and can be
checked out for a 4-week time period. There are 8 sets available to begin with in July.
4. Friends of the Library:
Joyce and Spencer Beytien were named as Woman of the Year and
Mr. Hutchinson, at the 2023 Water Carnival celebration. They will serve until June 2024.
No donations to report for May 2023.
Next Meeting: Monday, July 24, 2023, 4:30 pm., in meeting room.
Respectfully submitted: Kay Hultgren, secretary
MINUTES
Regular Meeting — Hutchinson Utilities Commission
Wednesday, June 28, 2023
Call to order — 3:00 p.m.
President Anthony Hanson called the meeting to order. Members present: President
Anthony Hanson; Vice President Matt Cheney; Secretary Don Martinez; Commissioner
Robert WendorfF; Commissioner Kathy Silvernale; Attorney Marc Sebora; GM Jeremy
Carter
1. Conflict of Interest
President Hanson noted adding a new business item 8d. Approve Awarding the Bid
to Nelson Technologies, Inc for Filter and Meter Skids for Hutchinson/HCP Natural
Gas Interconnect Station.
2. Approve Consent Agenda
a. Approve Minutes
b. Ratify Payment of Bills
Motion by Commissioner Cheney, second by Commissioner Wendorff to Approve
the Consent Agenda. Motion carried unanimously.
3. Approve Financial Statements
Mr. Martig presented the financial statements. Electric Division Net Income
increased by $207k over May 2022. Which is mostly due to increased sales for
resale with Dynasty Contract. Transmission costs increased due to high heat at the
end of May. Natural Gas Division bottom line is similar to last month.
GM Carter noted that the Dynasty Contract will be discontinuing this month.
Motion by Commissioner Silvernale second by Commissioner Cheney to Approve
the Financial Statements. Motion carried unanimously.
4. Open Forum
5. Communication
a. City Administrator — Matthew Jaunich — Absent
b. Divisions
i. Dan Lang, Engineering Services Manager — Nothing to report
ii. Dave Hunstad, Electric Transmission/Distribution Manager — Nothing to
report
iii. Mike Gabrielson, Production Manager — Absent
iv. John Webster, Natural Gas Division Director —
1. Introduced Bryce Rusch, Transmission Crew Chief who is involved with
the Interconnect Station project
2. MNOPS Pipeline Safety Audit was completed last week
v. Jared Martig, Financial Manager — Nothing to report
c. Human Resources — Angie Radke —
i. Finalizing open positions
d. Legal — Marc Sebora — Nothing to Report
e. General Manager — Jeremy Carter
i. MRES update
ii. MMUA Task Force update
iii. Citizen Survey - looking to send out by end of year. Will send to
Commissioners ahead of time for review/updates that may be needed.
6. Policies
a. Review Policies
No policies to review
b. Approve Changes
7. Unfinished Business
8. New Business
a. Approve Req#009571- Primary Metering Cabinet
Mr. Hunstad reviewed the Approval of Req#009571- Primary Metering Cabinet. The
new cabinet would be replacing a failing metering cabinet at the Main Waste Water
Lift Station on Ontario St. The current cabinet is starting to corrode.
Motion by Commissioner Martinez second by Commissioner Silvernale to Approve
Req#009571-Primary Metering Cabinet. Motion carried unanimously.
b. Approve Hutchinson Substation 83 MVA Transformer- Advertisement for Bids
Mr. Lang presented Approval of Hutchinson Substation 83 MVA Transformer
Advertisement for Bids. The transformer being installed at the Hutchinson
Substation is part of the 115kV expansion project.
Discussion was held on the land that will be used.
Motion by Commissioner Wendorff second by Commissioner Cheney to Approve
Hutchinson Substation 83 MVA Transformer — Advertisement for Bids. Motion
carried unanimously.
c. Discussion of Rate Track
GM Carter recapped the Rate Track for the Electric and Natural Gas Divisions that
were provided to the Commission. Looking for Discussion right now and then in July
taking formal action if appropriate on rate changes. The changes would go to the
City Council in August for review at first meeting and the second meeting would have
approval or veto. Discussion on Demand vs Energy charges were also had.
2
President Hanson looked to the Commissioners to think about and ask GM Carter
any questions there may be and to be prepared to vote next month on rate track
changes.
8d. Approve Awarding the Bid to Nelson Technologies, Inc for Filter and Meter Skids
for Hutchinson/HCP Natural Gas Interconnect Station.
Mr. Webster presented Approval of Awarding the Bid to Nelson Technologies, Inc —
Filter and Meter Skids for Hutchinson/HCP Natural Gas Interconnect Station. Two
responsible bidders were received. Although Nelson Technologies, Inc is $11k
higher than the other bid received, recommendation to Nelson Technologies, Inc is
requested for 2 reasons; 1) Delivery will be 6 weeks sooner, and 2) Nelson
Technologies, Inc is providing a complete SGM4 meter while another bidder is
providing a SGM3 meter requiring HUC to upgrade the SGM3 to a SGM4.
Mr. Webster noted that all expenses for the construction of Hutchinson Utilities' side
of the Hutchinson/HCP Natural Gas Interconnect Station will be expensed to
Heartland Corn products.
Motion by Commissioner Martinez second by Commissioner Silvemale to Approve
Awarding the Bid to Nelson Technologies, Inc for Filter and Meter Skids for
Hutchinson/HCP Natural Gas Interconnect Station. Motion carried unanimously.
9. Adjourn
There being no further business, a motion by Commissioner Cheney, second by
Commissioner Wendorff to adjourn the meeting at 3:53p.m. Motion carried
unanimously.
on Martinez, Secretar
ATTEST: �+'Yln�
Anthony Hanson, President
3
cR HUTCHINSON CITY COUNCIL
Request for Board Action
June 2023 Financial and Investment Reports
Agenda Item:
Department: Finance
LICENSE SECTION
Meeting Date: 8/8/2023
Application Complete N/A
Contact: Andy Reid
Agenda Item Type:
Presenter:
Reviewed by Staff M
Governance
Time Requested (Minutes): 0
License Contingency N/A
Attachments: Yes
BACKGROUND/EXPLANATION OFAGENDA ITEM:
For Council review, attached are the June Financial Reports for the general fund and enterprise
funds. Also attached is the June Investment Report.
Feel free to contact me with any questions. Thank you.
BOARD ACTION REQUESTED:
Fiscal Impact: Funding Source:
FTE Impact: Budget Change: Govern,
Included in current budget: No
PROJECT SECTION:
Total Project Cost:
Total City Cost: Funding Source: N/A
Remaining Cost: $ 0.00 Funding Source: N/A
REVENUE AND EXPENDITURE REPORT for CITY of HUTCHINSON
PERIOD ENDING JUNE 30, 2023
2023
2022
2023 ACTUALS
2023
AVAILABLE
% BDGT
2022 YTD
2022
% BDGT
JUNE
YTD
BUDGET
BALANCE
USED
ACTUAL
BUDGET
USED
General Fund
Taxes
3,128,273
3,128,273
5,846,751
2,718,478
53.5
2,961,833
5,617,556
52.7
Other Taxes
8,586
93,886
330,000
236,114
28.5
93,870
320,000
29.3
Licenses & Permits
33,811
197,015
442,100
245,085
44.6
301,688
443,600
68.0
Intergovernmental Revenue
112
27,078
1,793,941
1,766,863
1.5
21,659
1,744,821
1.2
Charges for Services
278,300
1,334,306
2,872,308
1,538,002
46.5
1,256,683
2,816,325
44.6
Miscellaneous Revenues
78,837
241,198
289,800
48,602
83.2
125,107
256,500
48.8
Transfers -In
-
952,268
2,724,536
1,772,268
35.0
933,596
2,710,191
34.4
Fines & Forfeitures
3,564
25,423
55,000
29,577
46.2
23,125
55,000
42.0
Capital Contributions
-
-
-
-
-
-
-
-
TOTAL REVENUES 3,531,482 5,999,447 14,354,436 8,354,989 41.8 5,717,560 13,963,993 40.9
Wages & Benefits
1,139,464 4,450,015 9,672,602 5,222,587
46.0 4,002,871
9,443,650
42.4
Supplies
83,671 524,681 986,823 462,142
53.2 433,200
934,515
46.4
Services & Charges
193,856 1,206,983 2,827,889 1,620,906
42.7 1,271,184
2,756,429
46.1
Miscellaneous Expenses
2,656 140,602 373,500 232,898
37.6 143,606
714,086
20.1
Transfers -Out
- 56,811 488,622 431,811
11.6 55,157
110,313
50.0
Capital Outlay
13,221 24,718 5,000 (19,718)
494.4 9,604
5,000
192.1
TOTAL EXPENDITURES
1,432,867 6,403,810 14,354,436 7,950,626
44.6 5,915,621
13,963,993
42.4
NET REVENUE
2,098,614 (404,363) - 404,363
(198,061)
-
Comments
Licenses & Permits
Building permit revenue has slowed in 2023, down $104,000 compared to last year at this time.
Miscellaneous Revenues
Interest Earnings is $78,000 higher this year due to the increased rates of returns on new investments purchased
since last fall.
The rapid increase in the federal lending rate since last summer is the driver behind the higher returns.
Wages & Benefits
Year-to-date June 2023 has 13 pay periods compared to only 12 in 2022.
This timing difference will even out in July where we
only have 2 pay periods this year compared to 3 last year.
REVENUE AND EXPENDITURE REPORT for CITY of HUTCHINSON
PERIOD ENDING JUNE 30, 2023
2023 ACTUALS
JUNE
General Fund Expense by Department
YTD
2023 2022
2023 AVAILABLE % BDGT 2022 YTD 2022 % BDGT
BUDGET BALANCE USED ACTUAL BUDGET USED
Mayor & City Council
4,439
18,253
50,087
31,834
36.4
16,856
50,077
33.7
City Administrator
51,218
227,544
486,246
258,702
46.8
244,582
482,617
50.7
Elections
-
-
-
-
-
5,965
18,700
31.9
Finance Department
36,863
208,429
406,320
197,891
51.3
201,657
404,170
49.9
Motor Vehicle
34,426
148,618
299,947
151,329
49.5
128,531
296,160
43.4
Assessing
-
-
61,478
61,478
-
-
61,205
-
Legal
31,764
142,788
325,697
182,909
43.8
140,849
328,734
42.8
Planning
18,358
80,151
170,925
90,774
46.9
72,894
170,514
42.7
Information Services
57,788
273,032
584,601
311,569
46.7
258,128
598,135
43.2
City Hall Building
16,006
91,060
201,625
110,565
45.2
80,593
193,849
41.6
Police Department
418,346
1,857,652
3,711,079
1,853,427
50.1
1,593,410
3,497,529
45.6
Hospital Security
42,217
169,746
373,964
204,218
45.4
150,629
361,679
41.6
Emergency Management
5,647
10,363
16,980
6,617
61.0
4,172
16,980
24.6
Safety Committee
-
11,813
12,000
187
98.4
9,827
11,370
86.4
Fire Department
30,021
183,638
410,444
226,806
44.7
155,746
411,094
37.9
Protective Inspections
34,566
159,583
359,241
199,658
44.4
147,243
334,179
44.1
Engineering
40,266
197,825
505,473
307,648
39.1
227,700
441,310
51.6
Streets & Alleys
159,365
766,734
1,677,692
910,958
45.7
681,860
1,630,466
41.8
Park/Recreation Administration
25,492
133,566
263,811
130,245
50.6
124,879
249,716
50.0
Recreation
45,696
128,593
232,197
103,604
55.4
102,654
278,533
36.9
Senior Citizen Center
7,664
31,490
84,861
53,371
37.1
46,863
96,796
48.4
Civic Arena
22,979
187,823
407,734
219,911
46.1
152,728
411,332
37.1
Park Department
131,544
551,454
1,145,736
594,282
48.1
469,775
1,072,754
43.8
Recreation Building
25,046
125,219
281,230
156,011
44.5
96,201
265,600
36.2
Events Center
15,086
78,935
171,156
92,221
46.1
156,244
261,357
59.8
Evergreen Building
1,353
13,527
34,880
21,353
38.8
15,876
31,375
50.6
Library
49,426
114,017
244,216
130,199
46.7
112,411
230,492
48.8
Waterpark
101,917
141,419
457,647
316,228
30.9
131,221
396,659
33.1
Cemetery
14,970
71,751
151,085
79,334
47.5
59,199
145,838
40.6
Airport
8,782
83,956
143,905
59,949
58.3
74,334
145,123
51.2
Unallocated General Expense
1,621
194,832
1,082,179
887,347
18.0
252,594
1,069,650
23.6
TOTAL EXPENDITURES
1,432,867
6,403,810
14,354,436
7,950,626
44.6
5,915,621
13,963,993
42.4
Liquor Fund
Sales
Miscellaneous Revenues
TOTAL REVENUES
Cost of Sales
Wages & Benefits
Supplies
Services & Charges
Miscellaneous Expenses
Transfers -Out
Capital Outlay
Depreciation Expense
TOTAL EXPENDITURES
NET REVENUE
REVENUE AND EXPENDITURE REPORT for CITY of HUTCHINSON
PERIOD ENDING JUNE 30, 2023
2023 ACTUALS
JUNE
YTD
2023 2022
2023 AVAILABLE % BDGT 2022 YTD 2022 % BDGT
BUDGET BALANCE USED ACTUAL BUDGET USED
782,548 3,501,442 7,281,000 3,779,558 48.1 3,336,523 7,424,000 44.9
69 1,377 10,500 9,123 13.1 1,444 3,000 48.1
782,617
3,502,818
7,291,500
3,788,682
48.0
3,337,966
7,427,000
44.9
595,148
2,677,683
5,504,000
2,826,317
48.6
2,524,015
5,666,000
44.5
99,404
426,335
904,864
478,529
47.1
363,457
812,108
44.8
1,444
13,920
25,500
11,580
54.6
10,464
21,100
49.6
17,128
126,887
298,750
171,863
42.5
145,072
285,550
50.8
-
70
6,700
6,630
1.0
155
6,700
2.3
-
550,000
550,000
-
-
550,000
-
8,204
15,000
6,796
54.7
42,318
15,000
282.1
-
-
61,000
61,000
-
-
70,700
-
713,124
3,253,098
7,365,814
4,112,716
44.2
3,085,481
7,427,158
41.5
69,493 249,720 (74,314) (324,034) 252,485 (158)
Year to Date Sales June Sales
Comments
2023
2022
Change
Liquor Sales Revenue: Liquor
1,319,313
1,225,867
7.6%
Beer
1,651,394
1,609,496
2.6%
Wine
433,977
419,040
3.6%
Other
96,758
82,120
17.8%
Total Sales
3,501,442
3,336,523
4.9%
Gross Profit
$823,759
$812,508
Gross Margin on Sales
23.5%
24.4%
-0.8%
Customer Count
114,544
113,003
1.4%
Average Sale per Customer
$30.57
$29.53
3.5%
Labor to Sales Ratio
12.2%
10.9%
1.3%
2023
2022
Change
276,337
241,076
14.6%
404,463
383,549
5.5%
74,939
68,046
10.1 %
26,810
21,831
22.8%
782,548
714,502
9.5%
$187,400
$159,873
23.9%
22.4%
1.6%
23,621
22,686
4.1%
$33.13
$31.50
5.2%
12.7%
8.9%
3.8%
REVENUE AND EXPENDITURE REPORT for CITY of HUTCHINSON
PERIOD ENDING JUNE 30, 2023
2023
2022
2023 ACTUALS
2023
AVAILABLE
% BDGT
2022 YTD
2022
% BDGT
JUNE
YTD
BUDGET
BALANCE
USED
ACTUAL
BUDGET
USED
Water Fund
Sales
137,760
676,728
1,840,000
1,163,272
36.8
782,370
1,715,000
45.6
Sales - Other
100,699
507,726
614,000
106,274
82.7
282,278
549,950
51.3
Local Sales Tax
89,016
413,807
1,012,000
598,193
40.9
352,970
812,000
43.5
Charges for Services
4,508
56,270
71,685
15,415
78.5
51,955
71,685
72.5
Miscellaneous Revenues
15,566
63,406
44,500
(18,906)
142.5
15,437
42,000
36.8
Capital Contributions
-
-
-
-
-
-
-
-
TOTAL REVENUES
347,549
1,717,937
3,582,185
1,864,248
48.0
1,485,011
3,190,635
46.5
Wages & Benefits
67,381
282,859
579,848
296,989
48.8
262,806
579,241
45.4
Supplies
28,746
112,369
185,800
73,431
60.5
91,291
168,150
54.3
Services & Charges
22,659
201,461
561,885
360,424
35.9
205,085
507,750
40.4
Miscellaneous Expenses
-
8,960
13,500
4,540
66.4
623
13,500
4.6
Transfers -Out
-
-
70,000
70,000
-
-
70,000
-
Capital Outlay
257
154,843
902,876
748,033
17.1
180,687
998,450
18.1
Depreciation Expense
-
-
1,090,000
1,090,000
-
-
1,132,000
-
Debt Service
-
114,254
1,371,173
1,256,920
8.3
208,342
1,465,433
14.2
TOTAL EXPENDITURES
119,044
874,744
4,775,082
3,900,338
18.3
948,832
4,934,524
19.2
NET of REVENUES & EXPENDITURES
228,505
843,193
(1,192,897)
(2,036,090)
536,179
(1,743,889)
Year to Date Water Sales
Comments
2023
2022
Change
Water Sales Revenue: Residential
442,223
527,619
-16.2%
Commercial
120,720
145,760
-17.2%
Industrial
113,785
108,991
4.4%
Water Sales
676,728
782,370
-13.5%
Base Charge
380,885
221,616
71.9%
Water Connection Charge
35,000
21,438
63.3%
Other
91,842
39,224
134.1%
Other Sales
507,726
282,278
79.9%
The new rate structure shifts more collection of the facility's fixed costs through the Base Charge as opposed to the usage charge.
This is evident with the drop in usage revenue for Residential and Commercial with the corresponding increase to the Base
Charge. The goal was a revenue neutral impact with the new rate structure.
REVENUE AND EXPENDITURE REPORT for CITY of HUTCHINSON
PERIOD ENDING JUNE 30, 2023
2023
2022
2023 ACTUALS
2023
AVAILABLE
% BDGT
2022 YTD
2022
% BDGT
JUNE
YTD
BUDGET
BALANCE
USED
ACTUAL
BUDGET
USED
Wastewater Fund
Sales
262,846
1,412,791
2,750,000
1,337,209
51.4
1,471,056
2,755,000
53.4
Sales - Other
79,503
474,252
549,000
74,749
86.4
227,051
559,300
40.6
Local Sales Tax
71,510
332,625
810,000
477,375
41.1
352,970
812,000
43.5
Licenses & Permits
-
5,800
6,000
200
96.7
6,000
6,500
92.3
Charges for Services
-
1,610
7,500
5,890
21.5
4,120
7,500
54.9
Miscellaneous Revenues
23,775
102,115
93,500
(8,615)
109.2
27,953
90,000
31.1
Capital Contributions
-
-
-
-
-
-
-
-
TOTAL REVENUES
437,633
2,329,192
4,216,000
1,886,808
55.2
2,089,151
4,230,300
49.4
Wages & Benefits
93,247
374,778
813,235
438,457
46.1
339,852
776,934
43.7
Supplies
22,524
113,956
279,200
165,244
40.8
106,747
246,500
43.3
Services & Charges
71,412
312,346
855,920
543,574
36.5
304,661
769,000
39.6
Miscellaneous Expenses
-
19,095
36,000
16,905
53.0
19,196
40,000
48.0
Transfers -Out
-
-
80,000
80,000
-
-
80,000
-
Capital Outlay
26,007
560,235
1,638,085
1,077,850
34.2
2,286,289
984,400
232.3
Depreciation Expense
-
-
1,136,000
1,136,000
-
-
1,182,000
-
Debt Service
-
492,262
1,557,895
1,065,633
31.6
396,346
1,526,311
26.0
TOTAL EXPENDITURES
213,191
1,872,672
6,396,335
4,523,663
29.3
3,453,091
5,605,145
61.6
NET of REVENUES & EXPENDITURES
224,442
456,521
(2,180,335)
(2,636,856)
(1,363,940)
(1,374,845)
Year to Date Sewer Sales
Comments
2023
2022
Change
Wastewater Sales Revenue: Residential
785,669
796,898
-1.4%
Commercial
230,613
204,504
12.8%
Industrial - Flow
203,929
235,629
-13.5%
Industrial - Violation Surcharges
167,159
234,025
-28.6%
Sewer Sales
1,387,370
1,471,056
-5.7%
Base Charge
407,179
191,336
112.8%
Sewer Connection Charge
43,700
25,875
68.9%
Other
23,372
9,841
137.5%
Other Sales
474,252
227,051
108.9%
REVENUE AND EXPENDITURE REPORT for CITY of HUTCHINSON
PERIOD ENDING JUNE 30, 2023
2023
2022
2023 ACTUALS
2023
AVAILABLE
% BDGT
2022 YTD
2022
% BDGT
JUNE
YTD
BUDGET
BALANCE
USED
ACTUAL
BUDGET
USED
Refuse Fund
Sales
109,100
645,692
1,285,000
639,308
50.2
636,245
1,267,000
50.2
Sales - Other
3,945
22,559
45,000
22,441
50.1
22,094
44,800
49.3
Intergovernmental Revenue
5,595
20,368
12,500
(7,868)
162.9
2,592
12,500
20.7
Miscellaneous Revenues
6,021
26,152
15,000
(11,152)
174.3
6,363
15,000
42.4
TOTAL REVENUES
124,660
714,771
1,357,500
642,729
52.7
667,293
1,339,300
49.8
Wages & Benefits
33,304
115,292
343,101
227,809
33.6
85,780
259,732
33.0
Supplies
1,277
21,880
62,850
40,970
34.8
26,248
59,900
43.8
Services & Charges
93,335
421,630
897,590
475,960
47.0
366,327
848,350
43.2
Miscellaneous Expenses
1
207
750
543
27.6
253
1,000
25.3
Transfers -Out
-
-
55,000
55,000
-
-
55,000
-
CapitalOutlay
500
6,538
1,018,482
1,011,944
0.6
69,572
1,207,500
5.8
Depreciation Expense
-
-
172,000
172,000
-
-
169,000
-
TOTAL EXPENDITURES
128,417
565,546
2,549,773
1,984,227
22.2
548,181
2,600,482
21.1
NET of REVENUES & EXPENDITURES
(3,757)
149,225
(1,192,273)
(1,341,498)
119,113
(1,261,182)
REVENUE AND EXPENDITURE REPORT for CITY of HUTCHINSON
PERIOD ENDING JUNE 30, 2023
Comaost Fund
Sales
Charges for Services
Miscellaneous Revenues
TOTAL REVENUES
Cost of Sales
Inventory Cost Adjustment
Wages & Benefits
Supplies
Services & Charges
Miscellaneous Expenses
Transfers -Out
Capital Outlay
Depreciation Expense
Debt Service
TOTAL EXPENDITURES
NET of REVENUES & EXPENDITURES
2023 ACTUALS
JUNE YTD
2023 2022
2023 AVAILABLE % BDGT 2022 YTD 2022 % BDGT
BUDGET BALANCE USED ACTUAL BUDGET USED
309,431 1,968,900 2,939,400 970,500 67.0 2,445,001 2,706,000 90.4
10 605 97,000 96,395 0.6 2,533 87,000 2.9
9,723 37,287 32,000 (5,287) 116.5 14,154 32,000 44.2
319,164 2,006,792 3,068,400 1,061,608 65.4 2,461,689 2,825,000 87.1
222,880
1,345,930
2,158,000
812,070
62.4
1,694,528
1,837,000
92.2
(73,677)
(266,230)
(657,750)
(391,520)
40.5
(336,248)
(712,500)
47.2
86,942
372,291
838,147
465,856
44.4
348,990
808,198
43.2
5,171
38,877
162,500
123,623
23.9
52,696
129,000
40.8
26,254
101,828
304,980
203,152
33.4
94,570
304,850
31.0
244
2,756
11,000
8,244
25.1
4,656
11,000
42.3
-
-
120,000
120,000
-
-
120,000
-
5,288
349,652
344,364
1.5
14,559
221,000
6.6
-
290,000
290,000
-
365
278,000
0.1
-
69,646
73,808
4,162
94.4
68,338
73,808
92.6
267,814
1,670,386
3,650,337
1,979,951
45.8
1,942,453
3,070,356
63.3
51,351
336,406
(581,937)
(918,343)
519,236
(245,356)
Year to Date Sales
Comments
2023
2022
Change
Compost Sales
Bagged
1,763,147
1,998,282
-11.8%
Bulk
83,718
154,488
-45.8%
Other (Freight)
122,035
292,231
-58.2%
Total Sales
1,968,900
2,445,001
-19.5%
Gross Profit
622,970
750,473
Gross Margin
31.6%
30.7%
REVENUE AND EXPENDITURE REPORT for CITY of HUTCHINSON
PERIOD ENDING JUNE 30, 2023
2023
2022
2023 ACTUALS
2023
AVAILABLE
% BDGT
2022 YTD
2022
% BDGT
JUNE
YTD
BUDGET
BALANCE
USED
ACTUAL
BUDGET
USED
Storm Water Utility
Sales
89,092
531,494
1,065,000
533,506
49.9
515,142
1,033,000
49.9
Sales - Other
406
2,233
3,500
1,267
63.8
2,840
3,500
81.2
Licenses & Permits
2,076
4,951
5,500
549
90.0
4,595
4,800
95.7
Miscellaneous Revenues
3,370
19,607
15,300
(4,307)
128.1
4,160
14,350
29.0
TOTAL REVENUES
94,943
558,285
1,089,300
531,015
51.3
526,737
1,055,650
49.9
Wages & Benefits
31,431
136,373
308,906
172,533
44.1
130,440
290,084
45.0
Supplies
3,010
15,859
53,625
37,766
29.6
16,199
51,325
31.6
Services & Charges
12,095
52,952
208,535
155,583
25.4
42,214
212,150
19.9
Miscellaneous Expenses
1
2,292
10,000
7,708
22.9
2,021
18,000
11.2
Transfers -Out
-
-
-
-
-
-
-
-
CapitalOutlay
247,293
247,293
746,600
Depreciation Expense
-
275,000
275,000
-
-
254,000
-
Debt Service
-
148,411
221,589
73,178
93.5
143,761
221,589
70.2
TOTAL EXPENDITURES
46,536
355,886
1,324,948
969,062
26.9
334,635
1,793,748
18.7
NET of REVENUES & EXPENDITURES
48,407
202,399
(235,648)
(438,047)
192,102
(738,098)
Oppenheimer & Co. Inc.
85 Broad street STATEMENT OF
(')PPENHEMER New York, 00 10004 New 66k NY ACCOUNT
Transacts Business on All Principal Exchanges SIN w
Assets maturing during the next 60 days appear at the end of this statement.
Special Message
This statement has been provided to you through electronic delivery.
Thank you for helping us 'Go Green'!
Oppenheimer is acting in a Brokerage capacity for this account.
Portfolio Summary
This
Previous
Estimated
Period
Period
Annual Income
O6/30/23
05/31/23
Advantage Bank Deposits'
$0.00
$11,906.54
$0.00
Mutual Funds
395,402.04
63,320.12
19,808.06
Government Agency Bonds
944,865.00
942,580.00
25,900.00
Municipal Bonds
12,155,654.85
12,218,913.15
351,714.10
Certificates of Deposit
6,614,376.83
6,385,761.33
225,706.50
CashAomurAftenoB
IAJO&W
AWIS
Total Asset Value
'#2d 411,i5269
'y1a, 111197.3Q
l623.148M_
Net Value of Accrued Interest $143,172.34 $159,272.95
Total Asset Value does not include Direct Investments, Accrued Interest or unpriced securities.
Eligible for FDIC insurance up to standard maximum insurance amounts; Not SIPC insured.
Account Number: D25-5019707 Tax ED Number: ON FILE
For the Period: 06/01/23 - 06/30/23 Last Statement: 05/31/23
Page 1 of 14
CITY OF HUTCHINSON MINNESOTA
III HASSAN ST SE
HUTCHINSON MN 55350-2522
Financial Professional
SULLIVAN,C/FAY,J
5HX
(800)258-3387
Internet Address: www.opco.com
Income Summary
Office Serving Your Account
100 SOUTH 5TH ST
SUITE 2200
MINNEAPOLIS, MN 55402
Reportable
This Period
Year to Date
Advantage Bank Dep Interest
$1.21
$5.30
Corporate Interest
18,425.74
96,855.98
Municipal Interest
45,560.50
141,250.69
Government Interest
0.00
11,387.50
Dividends
235.74
5,021.58
TOM
iKMIlle
rbm+ Aom
Non -Reportable
Municipal Accrued Int Paid
$0.00
$-7,789.94
TOW NOt►4E1VONylglr
T.7".114
PPENHEIMEK Executive Summary CITY OF HUTCHINSON
report as of 0710112023 XXXXXX9707
Summary Totals
Original Face
$19,683,000
Current Face (Par)
$19,683,000
Market Principal
$18,980,470
Accrued Interest
$125,513
Cash & Cash Alternatives
$0
Fixed Income Funds
$0
Equity Balance
$0
Total Portfolio Value
$19,105,983
Next 12mo Cpn Cash Flow
$521,557
Generic Annual Cpn Cash Flow
$567,763
Weighted Averages
Coupon'
2.885%
Maturity"
2.10 yrs
Duration
1.93
Yield to Worst
5.303%
Yield to Maturity
5.316%
Market Price'
96.431
Tax Lots Holdings Included
56 of 56
'Par-WTd, all else Mkt-Wtd.
"Avg rife used for principal paydo"s,
and perpetual securities
are assigned 40 year maturity.
40%
. Muni- 64.0%
CD- 31.0%
A9y- 4.9% 20%
I I 1
o%
L"�,yb,yh.y6,l'�,10,10,bO,b'rb'L.b"�,bb,bh.b6,b'�,b0,b0 b0 b'rb'Lb"� bb bc� b6b'� b0 b0�0�'r�'L,b `Jai
10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,100 Ry
Qe
Moodys S&P Fed Tax -Exempt Fed Taxable Subj to Cap Gains Subj to AMT
UST/AGY/CD —
PR/ETM $54,000
Aa
AA AA L $45,000 40%
AA
AA
$36,000
A
A
Bea $27,000
BBB
Be 20%
BB $18,000
<BB $9,000 .,
NR
NR '
$0
111111-111
None o- tib tib cyb o�tib o% y' ,,p di w a� w�
0% 20% 40% 60% 80% 100% � P' l' ? a" ) Q e�l0� �J � D•r0,y0•'�Ob0h00010009,YO,Y•r,Y,y.Y•'�,Yo-,Yh.Y0,Y1,Y6,Y9,tO,yr,yy,y'�,yD.,1y.y0,11,10,y9,bO0x
o0'otiotio'ioD:o<'ioro'o'�'00o0',YO,Y'r,Y'L.�'�.�b,Yh.yH,Y'1,Y0,YA',1O,1y,1'L,l'�,lo-,yh,l6,y'1,10',lA '�
Includes coupon cash flows for the next 12 months, from 0710112023 to 06130,2024.
Includes all tax lot holdings with recognized CUSIP, quantity, market price and full analytical calculations on reporting date. Includes coupon cash flows for the next 12 months, from 07/01/2023 to 0613012024. Projected Principal Paydowns for
CMOs are produced by applying current pool speeds which are updated weekly. Assuming similar market conditions going forward, Projected Principal Paydowns for Pass-Thru securities are produced by calculating and applying concurrent
historical speeds to future paydown schedules.
Page 3 of 25
PPENHEIMEK Totals & Averages @ Current Market CITY OF HUTCHINSON
report as of 0710112023 XXXXXX9707
Original Face Value
Current Face Value
Valid Tax Lot Holdings
Unrecognized Tax Lot Holdings
Total Tax Lot Holdings
$19,683,000
$19,683,000
56
0
56
'Valid Tax Lot Holdings' includes all tax lot holdings with recognized CUSIP and quantity.
Priced Original Face Value
$19,683,000
Priced Current Face Value
$19,683,000
Tax Lot Holdings Included
56 of 56
Priced Market Principal
$18,980,470
Average Coupon
2.885%
Average Market Price
96.431
Includes all tax lot holdings with recognized CUSIP, quantity and market puce on reporting
date. Average coupon and market price weighted by market principal.
Portfolio Totals
Original Face Value
Current Face Value
Market Principal Value
Accrued Interest
Total Market Value
Cash & Cash Alternatives
Fixed Income Funds
Equity Balance
Total Portfolio Value
Next 12mo Cpn Cash Flow
Generic Annual Cpn Cash Flow
Tax Lot Holdings Included
$19,683,000
$19,683,000
$18,980,470
$125,513
$19,105,983
$0
$0
$0
$19,105,983
$521,557
$567,763
56 of 56
Portfolio Averaaes
Coupon
Maturity
Duration
Convexity
Current Yield
Yield to Worst
Yield to Maturity
After Tax YTW
Taxable Equivalent YTW
After Tax YTM
Taxable Equivalent YTM
Market Price
2.885%
2.10 yrs
1.93
0.064
2.991 %
5.303%
5.316%
5.303%
5.303%
5.316%
5.316%
96.431
Includes all tax lot holdings with recognized CUSIP, quantity, market price and full analytical calculations on reporting date.
Portfolio average values are market -weighted, unless otherwise noted.
Coupon and market price are par -weighted.
All prices have been normalized to par.
Average life used for principal paydowns, and perpetual securities are assigned a 40 year maturity.
Includes coupon cash flows for the next 12 months, from 0710112023 to 0613012024.
ATY/rEY calculations use a Fed Tax rate of ao0%, a Cap Gains Tax rate of 0.00%, a State of N/A, and a State Tax rate of N/A.
Generic Annual Cpn Cash Flow is simply coupon rate times current face value, and does not consider acquisition date, redemption dates, long/short
first coupons, ex -dividend dates, payment delays, etc.
Duration and convexity figures represent modified duration to worst.
Page 4 of 25
PPENHEIMEK Totals & Averages @ Acquisition CITY OF HUTCHINSON
report as of 0710112023 XXXXXX9707
Original Face Value
Current Face Value
Valid Tax Lot Holdings
Unrecognized Tax Lot Holdings
Total Tax Lot Holdings
$19,683,000
Portfolio Totals
Portfolio Averaaes
$19,683,000
Original Face Value
$19,683,000
Yield to Worst (cost)
2.950%
56
Face Value at Acquisition
$19,683,000
Yield to Worst (mkt)
5.303%
0
Original Principal Cost
$19,669,786
Yield to Maturity (cost)
2.986%
56
Adjusted Principal Cost
$19,613,056
Yield to Maturity (mkt)
5.316%
Current Market Principal
$18,980,470
Original Acquisition Price
99.933
Estimated Gain/(Loss)
-$632,586
Adjusted Cost Price
99.645
Tax Lot Holdings Included
56 of 56
Current Market Price
96.431
'Valid Tax Lot Holdings' includes all tax lot holdings with recognized CUSIP and quantity.
Original Face Value
$19,683,000
Face Value at Acquisition
$19,683,000
Tax Lot Holdings Included
56 of 56
Original Principal Cost
$19,669,786
Average Acquisition Price
99.933
Includes all tax lot holdings with recognized CUSIP, quantity, acquisition date/price, full analytical calculations at acquisition, market price, and full
analytical calculations on reporting date.
Average values @ cost are weighted by respective original total acquisition costs.
Includes all tax lot holdings with recognized CUSIP, quantity, and acquisition date/price. All prices have been normalized to par.
Average acquisition price is weighted by original principal cost. Average life used for principal paydowns, and perpetual securities are assigned a 40year maturity.
Page 5 of 25
PPENHEIMEK Position Details CITY OF HUTCHINSON
report as of 0710112023 XXXXXX9707
CUSIP Curr
Face Account #
Mdy / S&P
Coupon
Mkt Px
Acq Date
Tot Adj Cost Mkt Principal
Unreal GIL
Asset
% Port Held
(Underlying)
Issue Description
Maturity Duration Px To
Date
Yield
ATY
TEY
Acq Px I Yld
Adj Cost Px
Accr Int
%Adj Cost
45581EAX9
245 xxX=9707
4-
INDUSTRIAL B COML BK CHINA
3.300%
99.995 Maturity
06/30/2023
5.111%(w)
5.111%
5.111%
08130/2018
$245,000
$244,988
($12)
CD
Held
USA
0613012023
0.00 Curr Yield
-
3.300%
100.000 / 3.300%
100.000
$665
l0.0'*!
FDIC Cert A, 24387
Death Put I I INDCMB I Monthly Pay I Restricted
States: NON-USACCOUNTS
75472RAW1
245 xx)o=9707
4-
RAYMOND JAMES BK NATL ASSN
1.700%
99.546 Maturity
08/14/2023
5.831%(w)
5.831%
5.831%
02/14/2020
$245,000
$243,888
($1,112)
CD
1.24% Held
FDIC Cert A, 33893
0811412023
0.11 Cun-Yield
-
1.708%
100.000/1.700%
100.000
$1,609
As%)
Death Put I I RJF I Semi -Annual Pay
59833LAF9
245 xx)o=9707
4-
MIDWEST INDPT BK MO
3.150%
99.534 Maturity
09/18/2023
5.434% (w)
5.434%
5.434%
09117/2018
$245,000
$243,858
($1,142)
CD
1.24% Held
FDIC Cert A, 25849
0911812023
0.20 Cuff Yield
-
3.165%
100.000 / 3.150%
100.000
$381
(e...
Death Put I I MIDINB I Monthly Pay
59447TKJ1
300 xxxxxx9707
Aa2/AA-
MICHIGAN FIN AUTH REV
2.744%
99.011 Maturity
11/01/2023
5.843% (w)
5.843%
5.843%
07126/2022
$298,308
$297,033
($1,275)
Muni
1.52% Held
(WR/--)
1110112023
0.31 Curt Yield
-
2.771 %
99.436 / 3.201%
99.436
$1,463
(0.4%)
61760ARSO 245 xx)0=9707
CD 1.24% Held
4-
54627CAX1 250 XXXXXX9707 Aaa/-
Muni 1.27% Held 60
538036CZ5 245 XXXXXX9707 4-
CD 1.24% Held
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I Make Whole Call I Extraordinary Calls I Revenue I Government I Semi -Annual Pay
MORGAN STANLEY PRIVATE BK
3.550 %
99.336 Maturity
11/08/2023
5.479% (w)
5.479%
5.479%
11108/2018
NATL
1110812023
0.34 Cun- Yield
-
3.574%
100.000 / 3.550
FDIC Cert A, 34221
Death Put I I MS I Semi -Annual Pay
LOUISIANA HSG CORP
0.550%
98.311 Next Call
07/21/2023
39.115%
39.115%
39.115%
05/11/2022
MULTIFAMILY HSG REV -
1210112023
0.40 Maturity
12/01/2023
4.793% (w)
4.793%
4.793%
96.30313.000%
HOLLYWOOD ACRES LLC-
Cun-Yield
-
0.559%
HOLLYWOOD HEIGHTS PROJS
Material Events I Revenue I Housing I Semi
-Annual Pay
LIVE OAK BANKING COMPANY
2.500 %
98.744 Maturity
12/13/2023
5.388% (w)
5.388%
5.388%
12/13/2017
WILMINGTON NC
1211312023
0.44 Cun-Yield
-
2.532%
100.00012.500%
FDIC Cert A, 58665
Death Put I I LIVOAK I Monthly Pay
03784JSL9 245 xxxxxxx9707 4- APPLE BANK FOR SAVINGS 0.600% 97.411 Maturity 01/22/2024 5.431%(w) 5.431% 5.431% 01126/2022
CD 1.24% Held FDIC Cert A- 16068 0112212024 0.53 Cuff Yield - 0.616% 99.370 / 0.920%
Death Put I I APPBNK I Semi -Annual Pay I Restricted States: TX
06251AV80 245 xx)0=9707 4- BANK HAPOALIM B M NEW YORK 3.200 % 98.829 Maturity 01/23/2024 5.367% (w) 5.367% 5.367% 01123/2019
CD 1.24% Held FDIC Cert A, 33686 0112312024 0.53 Cuff Yield - 3.238% 100.000 / 3200%
Death Put I I Foreign I Emerging I HAPOAL I Semi -Annual Pay I Restricted States: MT,TX
Includes all tax lot holdings with recognized CUSIP. For preferred securities, Aof shares is displayed instead of current face value, which is represented in thousands (000).
The (w) in the Yield column indicates which yield value is the Yield to Worst (YTW).
Duration figure represents modified duration to worst.
ATY/TEY calculations use a Fed Tax rate of 0.00%, a Cap Gains Tax rate of a00%, a State of WA, and a State Tax rate of N/A.
Page 6 of 25
$245,000 $243,373 ($1,627)
100.000 $1,382 (0.7%)
$240,758 $245,778 $5,020
96.303 $130 2.1%
$245,000 $241,923 ($3,077)
100.000 $67 (1.3%)
$243,456 $238,657 ($4,800)
99.370 $665 (2.0%)
$245,000 $242,131 ($2,869)
100.000 $3,501 (1.2%)
PPENHEIMEK
Position Details (continued...)
CITY OF HUTCHINSON
report as of 0710112023
XXXXXX9707
Position
Details
CUSIP Curt
Face Account #
Mdy / S&P
Coupon
Mkt Px
Acq Date
Tot Adj Cost Mkt Principal
Unreal GIL
Asset
% Port Held
(Underlying)
Issue Description
Maturity Duration Px To Date
Yield
ATY
TEY Acq Px I Yld
Adj Cost Px
Accr Int
%Adj Cost
20033AP91
245 xxxxxx9707
-I-
COMENITY CAP BK UTAH
3.100%
98.619 Maturity 02/15/2024
5.382% (w)
5.382%
5.382% 02115/2019
$245,000
$241,617
($3,383)
CD
1.24% Held
FDIC Cert A, 57570
0211512024
0.60 Cuff Yield -
3.143%
100.00013.100%
100.000
$416
(1.4%)
Death Put I I ADS I Monthly Pay I Restricted
States: OH,TX
057864AZ3
485 xx)o=9707
Aa2/AA
BALDWIN CNTY ALA PUB BLDG
3.000%
99.743 Maturity 03/01/2024
3.396% (w)
3.396%
3.396% 03120/2020
$486,557
$483,754
($2,803)
Muni
2.46% Held
(Aa21-)
AUTH BLDG REV - JAIL PROJ
0310112024
0.64 Curr Yield -
3.008%
101.867 / 2.500%
100.321
$5,012
(0.6%)
Material Events I S&P Outlook Stable I Extraordinary Calls I Revenue
I Government I Semi -Annual Pay
65621 XAN9
580 xx)o=9707
-/AA+
NORMANDYSCHS
0.550%
96.646 Maturity 03/01/2024
5.838% (w)
5.838%
5.838% 12/07/2021
$577,048
$560,547
($16,501)
Muni
2.95% Held
(-/A-)
COLLABORATIVE MO JT
0310112024
0.64 Curr Yield -
0.569%
99.491 10.780%
99.491
$1,099
(2.9%)
EXECUTIVE GOVERNING BRD ST
LOUIS CNTY
Material Events I FEDERALLY TAXABLE I STATE TAXABLE
I S&P Outlook Stable I General Obligation
Education I Semi -Annual Pay
90348JJO4
245 xxxxxx9707
-I-
UBS BK USA SALT LAKE CITY UT
2.900%
98.152 Maturity 04/03/2024
5.427% (w)
5.427%
5.427% 04/03/2019
$245,000
$240,472
($4,528)
CD
1.24% Held
FDIC Cert A- 57565
0410312024
0.74 Curr Yield -
2.955%
100.000 / 2.900%
100.000
$39
(1.8%)
Death Put I I UBS I Monthly Pay
438701Y73
675 XXXXXX9707
Aa2/-
HONOLULU HAWAII CITY & CNTY
0.545%
95.277 Maturity 07/01/2024
5.518% (w)
5.518%
5.518% 03/07/2022
$658,112
$643,120
($14,992)
Muni
3.43% Held
(Aa21-)
WASTEWTR SYS REV
0710112024
0.96 Cuff Yield -
0.572%
97.498 / 1.650%
97.498
$41
(2.3%)
Material Events I FEDERALLY TAXABLE I Make Whole Call I
Pro-Rata I Revenue I Utilities I Semi -Annual Pay
14042RSR3
245 XXXXXX9707
-/-
CAPITAL ONE NATL ASSN VA
3.300%
97.861 Maturity 07/08/2024
5.504% (w)
5.504%
5.504% 07/07/2022
$245,000
$239,759
($5,241)
CD
1.24% Held
FDIC Cert A-4297
0710812024
0.96 Cuff Yield -
3.372%
100.00013.300%
100.000
$3,965
(2.1%)
Death Put I I COF I Semi -Annual Pay
20056UAV6
500 xx)0=9707
-IAA
COMMERCE CALIF CMNTY DEV
3.000%
97.062 Maturity 08/01/2024
5.864% (w)
5.864%
5.864% 05/09/2017
$504,210
$485,310
($18,900)
Muni
2.54% Held
6/19
COMMN SUCCESSOR AGY TAX
0810112024
1.02 Cuff Yield -
3.091 %
105.31912.200%
100.842
$6,417
(3.7%)
ALLOCATION
FEDERALLY TAXABLE I S&P Outlook Stable
I DID I Revenue I Government I AGMC Insured I Semi -Annual Pay
438687KT1
1,000 XXXXXX9707
Aa2/-
HONOLULU HAWAII CITY & CNTY
1.832 %
96.147 Maturity 08/01/2024
5.582% (w)
5.582%
5.582% 10130/2019
$996,000
$961,470
($34,530)
Muni
5.06% Held
(Aa21-)
0810112024
1.03 Cuff Yield -
1.905%
99.600 / 1.920%
99.600
$7,837
(3.5%)
Material Events I FEDERALLY TAXABLE I Make Whole Call I
General Obligation I Government I Semi -Annual Pay
02589ADM1
245 XXXXXX9707
-I-
AMERICAN EXPR NATL BK
3.350 %
97.723 Maturity 08/12/2024
5.490% (w)
5.490%
5.490% 08110/2022
$245,000
$239,421
($5,579)
CD
1.24% Held
FDIC Cert 0:27471
0811212024
1.05 Cuff Yield -
3.428%
100.00013.350%
100.000
$3,261
(2.3%)
Death Put I I AXP I Semi -Annual Pay
Includes all tax lot holdings with recognized CUSIP. For preferred securities, A of shares is displayed instead of current face value, which is represented in thousands (000).
The (w) in the Yield column indicates which yield value is the Yield to Worst (YTW).
Duration figure represents modified duration to worst.
ATY/7EY calculations use a Fed Tax rate of 0.00%, a Cap Gains Tax rate of 0.00%, a State of NIA, and a State Tax rate of NIA.
Page 7 of 25
PPENHEIMEK Position Details (continued...) CITY OF HUTCHINSON
report as of 0710112023 XXXXXX9707
CUSIP Curr
Face Account #
Mdy / S&P
Coupon Mkt Px
Acq Date
Tot Adj Cost Mkt Principal
Unreal GIL
Asset
% Port Held
(Underlying)
Issue Description Maturity Duration Px To
Date
Yield
ATY
TEY
Acq Px I Yld
Adj Cost Px
Accr Int
%Adj Cost
20772,13,19
570 xxxxxxx9707
Aa3/AA-
CONNECTICUT ST 2.400% 96.653 Maturity
08/15/2024
5.545%(w)
5.545%
5.545%
07/11/2019
$568,906
$550,922
($17,984)
Muni
2.90% Held
(Aa31--)
0811512024 1.06 Cuff Yield
-
2.483%
99.808 / 2.440 %
99.808
$5,320
(3.2%)
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I General Obligation I Government I Semi -Annual Pay
3134GXR22
500 xx)o=9707
Aaa/AA+
FEDERAL HOME LN MTG CORP 4.000% 99.237 Next Call
08/28/2023
9.028%
9.028 %
9.028 %
08/30/2022
$500,000
$496,185
($3,815)
Agy
2.54% Held
0812812024 0.64 Mid Call
02/28/2024
5.767% (w)
5.767 %
5.767 %
100.000 / 3250 %
100.000
$1,944
At?%)
Maturity
08/28/2024
6.289 %
6.289 %
6.289 %
Cun- Yield
-
4.031
S&P Outlook Stable I Short First Coupon I FHLMC I Multi -Step Coupon 3.25% until 02/28/2023, 3.5% until 05/28/2023, 4.0%
until 0828/2023, 4.5%until
11/2812023, 5.0% until 0228/2024, 6.0% until 05/28/2024,
then 8.0% I Quarterly Pay
64971QJ38
500 xxxxxx9707
Aal/AAA
NEW YORK N Y CITY 2.600 % 96.453 Next Call
07/31/2023
55.012%
55.012%
55.012%
05/09/2017
$486,750
$482,265
($4,485)
Muni
2.54% Held
(Aa1/--)
TRANSITIONAL FIN AUTH REV 1110112024 127 Maturity
11/01/2024
5.413% (w)
5.413%
5.413%
97.35012.998%
97.350
$2,311
(0.9%)
Cun- Yield
-
2.696
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I Revenue I Government I Semi -Annual
Pay
564759RJ9
244 Xxx)=9707
4-
MANUFACTURERS B TRADERS TR 4.900% 99.250 Maturity
12/09/2024
5.445% (w)
5.445%
5.445%
12/07/2022
$244,000
$242,170
($1,830)
CD
1.24% Held
CO 1210912024 1.36 Cuff Yield
-
4.937%
100.000 / 4.900 %
100.000
$917
(0.8%)
FDIC Cert A- 588
Death Put I I MTB I Semi -Annual Pay I Restricted States: CT,DE,MA,MD,ME,NH,NJ,NY,PA,VA,Vi
795451BAO
245 xx)0=9707
-/-
SALLIE MAE BK MURRAY UTAH 1.000% 93.798 Maturity
12/16/2024
5.500% (w)
5.500%
5.500%
12115/2021
$245,000
$229,805
($15,195)
CD
1.24% Held
FDIC Cert A, 58177 1211612024 1.40 Cuff Yield
-
1.066%
100.000 / 1.000%
100.000
$134
(6.2%)
Death Put I I SALLMA I Semi -Annual Pay I Restricted States: OH,TX
287299MR9
150 xx)0=9707
-/AA+
ELK GROVE VILLAGE ILL 1.000 % 93.753 Maturity
01/01/2025
5.424% (w)
5.424%
5.424%
11/01/2021
$150,000
$140,630
($9,370)
Muni
0.76% Held
60
0110112025 1.44 Curr Yield
-
1.067%
100.000/1.000%
100.000
$17
(6.2%)
FEDERALLY TAXABLE I STATE TAXABLE I S&P Outlook Stable I General Obligation
I Government I
Semi -Annual Pay
686087U88
355 XXXXXX9707
Aa2/-
OREGON ST HSG B CMNTY SVCS 4.659 % 98.178 Maturity
01/01/2025
5.955% (w)
5.955%
5.955%
10127/2022
$354,677
$348,532
($6,145)
Muni
1.80% Held
(AaY-)
DEPT MTG REV 0110112025 1.41 Cuff Yield
-
4.745%
99.909/4.700%
99.909
$184
(1.7%)
Material Events I FEDERALLY TAXABLE I Short First Coupon I Extraordinary Calls I Revenue I Housing
I Semi -Annual Pay
696583GV9
460 XXXXXX9707
Aaa/AAA
PALM BEACH FLA REV 2.500% 95.936 Maturity
01/01/2025
5.377% (w)
5.377%
5.377%
01/08/2020
$463,018
$441,306
($21,712)
Muni
2.34% Held
(Aaal--)
0110112025 1.43 Cuff Yield
-
2.606 %
102.120 / 2.050 %
100.656
$128
(4.7%)
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I Revenue I Government I Semi -Annual Pay
59013KFJO 245 Xxxxxxx9707 -/- MERRICK BK SOUTH JORDAN 1.800% 94.494 Maturity 01/31/2025 5.449% (w) 5.449% 5.449% 01/31/2020 $245,000 $231,510 ($13,490)
CD 1.24% Held UTAH 0113112025 1.54 Cun-Yield - 1.905% 100.000/1.800% 100.000 $60 (5.5%)
FDIC Cert A, 34519
Death Put I I MERICK I Monthly Pay I Restricted States: OH,TX
Includes all tax lot holdings with recognized CUSIP. For preferred securities, Aof shares is displayed instead of current face value, which is represented in thousands (000).
The (w) in the Yield column indicates which yield value is the Yield to Worst (YTW).
Duration figure represents modified duration to worst.
ATYITEY calculations use a Fed Tax rate of 0.00%, a Cap Gains Tax rate of 0.00%, a State of WA, and a State Tax rate of NIA.
Page 8 of 25
PPENHEIMEK Position Details (continued...) CITY OF HUTCHINSON
report as of 0710112023 XXXXXX9707
CUSIP Curt
Face Account #
Mdy / S&P
Coupon
Mkt Px
Acq Date
Tot Adj Cost Mkt Principal
Unreal GIL
Asset
% Port Held
(Underlying)
Issue Description Maturity Duration Px To Date
Yield
ATY TEY
Acq Px I Yld
Adj Cost Px
Accr Int
%Adj Cost
16166NCL7
300 xxxxxx9707
-IAA-
CHASKA MINN ECONOMIC DEV 3.430 %
96.632 Maturity 02/01/2025
5.698% (w)
5.698% 5.698%
02/03/2020
$307,542
$289,896
($17,646)
Muni
1.52% Held
60
AUTHLEASE REV 0210112025
1.48 Cuff Yield -
3.550%
107.752/1.800%
102.514
$4,402
(5.7%)
Material Events I FEDERALLY TAXABLE I STATE TAXABLE I S&P Outlook Stable I Revenue I Industrial
I Semi -Annual Pay
927781 UZ5
570 xxlo=9707
Aal/AA+
VIRGINIA COLLEGE BLDG AUTH 4.250%
97.999 Maturity 02/01/2025
5.595%(w)
5.595% 5.595%
09126/2022
$570,000
$558,594
($11,406)
Muni
Z90% Held
(Aa1A)
VAEDL FACS REV -21 ST CENTURY 0210112025
1.47 Cuff Yield -
4.337%
100.00014248%
100.000
$10,363
(2.0%)
COLL EQUIP FROG
Material Events I FEDERALLY TAXABLE I S&P Ouaook Stable I OID I Make Whole Call I Extraordinary Calls I Revenue I Education I Semi -Annual Pay
05465DAEB
245 xxlo=9707
-/-
AXOS BK SAN DIEGO CALIF 1.650 %
93.749 Maturity 03/26/2025
5.453% (w)
5.453% 5.453%
03/26/2020
$245,000
$229,685
($15,315)
CD
1.24% Held
FDIC Cert A, 35546 03f2612025
1.69 Cuff Yield -
1.760%
100.000 / 1.650 %
100.000
$100
(6.3%)
Death Put I I BOR I Monthly Pay
59334PJA6
375 xxxxxx9707
-/AA
MIAMI-DADE CNTY FLA TRAN SYS 0.900%
91.644 Maturity 07/01/2025
5.387% (w)
5.387% 5.387%
11/23/2021
$373,012
$343,665
($29,347)
Muni
1.91% Held
60
SALES SURTAX REV 0710112025
1.92 Cuff Yield -
0.982%
99.470 / 1.050%
99.470
$38
(7.9%)
Matetial Events I FEDERALLY TAXABLE I S&P Outlook Stable I Revenue I Government I Semi -Annual
Pay
052405FP7
245 xxlo=9707
Aa3/AA
AUSTIN TEX CMNTY COLLEGE 0.992%
91.286 Maturity 08/01/2025
5.498% (w)
5.498% 5.498%
04129/2022
$229,482
$223,651
($5,831)
Muni
1.24% Held
(Aa3/--)
DISTPUB FAC CORP LEASE REV 0810112025
1.99 Curr Yield -
1.087%
93.666 / 3.050%
93.666
$1,040
(2.5%)
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I Extraordinary Calls I Revenue I Education I Semi -Annual Pay
34520LAD5
245 XXXXXX9707
-/-
FORBRIGHT BK POTOMAC MD 3.500%
96.044 Maturity 09/16/2025
5.409% (w)
5.409% 5.409%
09116/2022
$245,000
$235,308
($9,692)
CD
1.24% Held
FDIC Cert A- 57614 0911612025
2.10 Cuff Yield -
3.644 %
100.000 / 1500%
100.000
$446
(4.0%)
Death Put I I FORBBK I Monthly Pay
319477AN5
244 xxxxxx9707
-/-
FIRST CTZNS BK 8 TR CO 4.700 %
98.475 Maturity 10/28/2025
5.402% (w)
5.402% 5.402%
10/28/2022
$244,000
$240,279
($3,721)
CD
1.24% Held
RALEIGH 1012812025
2.14 Cuff Yield -
4.773%
100.00014.700%
100.000
$2,136
(1.5%)
FDIC Cert A, 11063
Death Put I I FCNCA I Semi -Annual Pay
29278TMJ6
245 xx)0=9707
-/-
REGIONS BK BIRMINGHAM ALA 2.000%
92.554 Maturity 10/31/2025
5.414% (w)
5.414% 5.414%
10/31/2019
$245,000
$226,757
($18,243)
CD
1.24% Held
FDIC Cert A- 57293 1013112025
2.26 Cuff Yield -
2.161 %
100.000 / 2.000%
100.000
$67
(7.4%)
Death Put I I RF I Monthly Pay I Restricted States: OH,TX
34387AFF1
245 xx)0=9707
-/-
FLUSHING BANK 4.700%
98.458 Maturity 11/04/2025
5.404% (w)
5.404% 5.404%
11/04/2022
$245,000
$241,222
($3,778)
CD
1.24% Held
FDIC Cert A, 58564 1110412025
2.20 Cuff Yield -
4.774%
100.000 / 4.700%
100.000
$631
(1.5%)
Short First Coupon I Death Put I I FFIC I Monthly Pay
Includes all tax lot holdings with recognized
CUSIP. For
preferred securities, Aof shares is displayed instead of current face value, which is represented in thousands (000).
The (w) in the
Yield column indicates which yield value is the Yield to Worst (YTW).
Duration figure represents modified duration to worst.
ATYITEY calculations use a Fed Tax rate of 0.00%, a Cap Gains Tax rate of 0.00%, a State of NIA, and a State Tax rate of NIA.
Page 9 of 25
PPENHEIMEK Position Details (continued...) CITY OF HUTCHINSON
report as of 0710112023 XXXXXX9707
CUSIP Curt
Face Account #
Mdy / S&P
Coupon Mkt Px
Acq Date
Tot Adj Cost Mkt Principal
Unreal GIL
Asset
% Port Held
(Underlying)
Issue Description Maturity Duration Px To
Date Yield
ATY TEY
Acq Px I Yid
Adj Cost Px
Accr Int
% Adj Cost
02007GC68
244 xxxxxx9707
4-
ALLY BK SANDY UTAH 4.800% 98.674 Maturity
11/10/2025 5.401%(w)
5.401% 5.401%
11110/2022
$244,000
$240,765
($3,235)
CD
1.24% Held
FDIC Cert A, 57803 1111012025 2.18 Cuff Yield
- 4.865 %
100.000 14.800%
100.000
$1,797
(1.3%)
Death Put I I GMATBK I Semi -Annual Pay
47770VBF6
310 xx)o=9707
Aa3/AA+
JOBSOHIO BEVERAGE SYS OHIO 2.034% 92.427 Maturity
01/01/2026 5.323% (w)
5.323% 5.323%
04129/2022
$298,815
$286,524
($12,291)
Muni
1.57% Held
(A.31--)
STATEWIDE LIQUOR PROFITS REV 0110112026 2.37 Cuff Yield
- 2.201 %
96.392 / 3.080%
96.392
$70
(4.1%)
FEDERALLY TAXABLE I S&P Outlook Stable I Make Whole Call I Pm -Rate I Revenue I Industrial I Semi -Annual Pay
678553BUl
300 xxxxxx9707
Aa2/AA+
OKLAHOMA CITY OKLA ECONOMIC 1.118% 90.091 Maturity
03/01/2026 5.158% (w)
5.158% 5.158%
02/10/2022
$292,833
$270,273
($22,560)
Muni
1.52% Held
(Aa2I--)
DEV TR TAX APPORTIONMENT - 0310112026 2.54 Cuff Yield
- 1.241 %
97.611 / 1.730%
97.611
$1,155
(7.7%)
INCREMENT DIST NO 8 PROJ
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I Make Whole Call I Revenue I Government I Semi -Annual
Pay
6500354W5
190 xx)o=9707
Aal/NR
NEW YORK ST URBAN DEV CORP 3.170% 95.153 Maturity
03/15/2026 5.117% (w)
5.117% 5.117%
08/30/2022
$187,925
$180,791
($7,134)
Muni
a97% Held
(Aai/--)
REV 0311512026 2.51 Cuff Yield
- 3.331%
98.908/3.500%
98.908
$1,840
(3.8%)
Material Events I FEDERALLY TAXABLE I Escrow to Mat I Make Whole Call I Revenue I Government I Semi -Annual Pay
032879UV8
500 xx)0=9707
-/AA
ANCHOR BAY MICH SCH DIST 1.250% 89.775 Maturity
05/01/2026 5.191%(w)
5.191% 5.191%
07116/2020
$501,795
$448,875
($52,920)
Muni
2.54% Held
60
0510112026 2.70 Cuff Yield
- 1.392%
100.726/1.120%
100.359
$1,111
(10.5%)
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I General Obligation I Education I Semi -Annual Pay
71884AH28
135 XXXXXX9707
Aa2/AAA
PHOENIX ARIZ CIVIC IMPT CORP 1.157% 89.697 Maturity
07/01/2026 4.905% (w)
4.905% 4.905%
12/14/2021
$134,150
$121,091
($13,059)
Muni
a69% Held
(AaY-)
EXCISE TAX REV 0710112026 2.87 Cuff Yield
- 1.290%
99.370 / 1.300%
99.370
$17
(9.7%)
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I Make Whole Call I Revenue I Government I Semi -Annual
Pay
89235MLD1
245 XXXXXX9707
-/-
TOYOTA FINL SVGS BK HEND NV 0.950 % 87.603 Maturity
07/22/2026 5.414% (w)
5.414% 5.414%
07/22/2021
$245,000
$214,627
($30,373)
CD
1.24% Held
FDIC Cert A, 57542 0712212026 2.91 Cuff Yield
- 1.084 %
100.00010.950%
100.000
$1,046
(12.4%)
Death Put I I TOYFBN I Semi -Annual Pay I Restricted States: OH,TX
798306WQ5
140 xxxxxx9707
Aa2/-
SAN JUAN CALIF UNI SCH DIST 1.201% 89.353 Maturity
08/01/2026 4.981%(w)
4.981% 4.981%
11/12/2021
$140,000
$125,094
($14,906)
Muni
a71 % Held
(AaY-)
0810112026 2.93 Cuff Yield
- 1.344 %
100.000 / 1.201 %
100.000
$719
(10.6%)
FEDERALLY TAXABLE I Make Whole Call I General Obligation I Education I Semi -Annual Pay
3130APC45
500 XXXXXX9707
Aaa/AA+
FEDERAL HOME LOAN BANKS 1.180% 88.561 Next Cali
07/26/2023 203.001%
203.001% 203.001%
10126/2021
$500,000
$442,805
($57,195)
Agy
2.54% Held
1012612026 3.17 Maturity
10/26/2026 4.966% (w)
4.966% 4.966%
100.00() / 1.180%
100.000
$1,098
(11.4%)
Cuff Yield
- 1.332%
Moodys Outlook Stable I S&P Outlook Stable I FHLB I Semi -Annual Pay
Includes all tax lot holdings with recognized
CUSIP. For
preferred securities, A of shares is displayed instead of current face value, which is represented in thousands (000).
The (w) in the
Yield column indicates which yield value is the Yield to Worst (YTW).
Duration figure represents modified duration to worst.
ATYITEY calculations use a Fed Tax rate of 0.00%, a Cap Gains Tax rate of a00%, a State of WA, and a State Tax rate of NIA.
Page 10 of 25
PPENHEIMEK
Position Details (continued...)
CITY OF HUTCHINSON
report as of 0710112023
XXXXXX9707
Position
Details
CUSIP Curt
Face Account #
Mdy / S&P
Coupon Mkt Px
Acq Date
Tot Adj Cost Mkt Principal
Unreal GIL
Asset
% Port Held
(Underlying)
Issue Description
Maturity Duration Px To Date
Yield ATY
TEY
Acq Px I Yld
Adj Cost Px
Accr Int
%Adj Cost
25483VPY4
400 xxxxxxx9707
Aa2/AA
DISTRICT COLUMBIA REV -
4.232% 97.761 Next Call 06/01/2025
5.483% 5.483%
5.483%
02116/2023
$397,694
$391,044
($6,640)
Mu:ri
2.03% Held
(Aa27-)
SOUTHWEST WATERFRONT
0610112027 3.54 Maturity 06/01/2027
4.867%(w) 4.867%
4.867%
99.421/4.380%
99.421
$1,599
11.7%)
PROJECT
Cuir Yield -
4.329%
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I Callable I Extraordinary Calls I Revenue I Government I Semi -Annual Pay
25483VP)'4
350 xx)o=9707
Aa2/AA
DISTRICT COLUMBIA REV-
4.232% 97.761 Next Call 06/01/2025
5.483% 5.483%
5.483%
01120/2023
$349,734
$342,164
($7,571)
Muni
1.78% Held
(Aa27-)
SOUTHWEST WATERFRONT
0610112027 3.54 Maturity 06/01/2027
4.867% (w) 4.867%
4.867%
99.92414.250%
99.924
$1,399
(Z2%)
PROJECT
Cuir Yield -
4.329%
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I Callable I Extraordinary Calls I Revenue I Government I Semi -Annual Pay
71884AH36
175 XXXXXX9707
Aa2/AAA
PHOENIX ARIZ CIVIC IMPT CORP
1.257% 87.548 Maturity 07/01/2027
4.718% (w) 4.718%
4.718%
04/01/2022
$161,088
$153,209
($7,878)
Muni
a89% Held
(Aa27-)
EXCISE TAX REV
0710112027 3.80 Cuff Yield -
1.436 %
92.050 / 2.900 %
92.050
$24
(4.9%)
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I Make Whole Call I Revenue I Government I Semi -Annual Pay
45506DUZ6
1,000 XXXXXX9707
Aa2/AA+
INDIANA ST FIN AUTH REV-
4.109% 97.701 Maturity 07/15/2027
4.742% (w) 4.742%
4.742%
01/31/2023
$1,000,000
$977,010
($22,990)
Muni
5.06% Held
(Aa27-)
MOTORSPORTS IMPT PROJ
0711512027 3.59 Cuff Yield -
4.206%
100.00014.109%
100.000
$19,404
(2.3%)
_
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I Make Whole Call I Extraordinary Calls
I Revenue I Recreation I Semi -Annual Pay
87165GV25
245 xx)0=9707
-I-
SYNCHRONY BANK
3.500% 93.317 Maturity 09/09/2027
5.299% (w) 5.299%
5.299%
09/09/2022
$245,000
$228,627
($16,373)
CD
1.24% Held
FDIC Cert A, 27314
0910912027 3.77 Cuff Yield -
3.751 %
100.00013.500%
100.000
$2,772
(6.7%)
Death Put I I SYF I Semi -Annual Pay
649902T45
300 XXXXXX9707
Aal/AA+
NEW YORK ST DORM AUTH ST
5.051% 100.884 Maturity 09/15/2027
4.814% (w) 4.814%
4.814%
12/13/2022
$307,383
$302,652
($4,731)
Muni
1.52% Held
(Aa1/--)
PERSINCOME TAX REV
0911512027 3.69 Cuff Yield -
5.007%
102.75914.400%
102.461
$4,630
(1.5%)
Material Events I FEDERALLY TAXABLE I S&P Outlook Stable I Extraordinary Calls I Revenue I Education
I Semi -Annual Pay
2546732131
242 XXXXXX9707
-I-
DISCOVER BK
4.900 % 98.484 Maturity 11/30/2027
5.287 % (w) 5.287 %
5.287 %
11/30/2022
$242,000
$238,331
($3,669)
CD
1.23% Held
FDIC Cert A, 5649
1113012027 3.89 Cuff Yield -
4.975%
100.00014.900%
100.000
$1,170
(1.5%)
Death Put I I DFS I Semi -Annual Pay
721664JL5
1,000 xxxxxx9707
-IAA-
PIMA CNTY ARIZ CTFS PARTN
5.382% 100.411 Maturity 12/01/2027
5.275% (w) 5.275%
5.275%
11/17/2022
$1,012,910
$1,004,110
($8,800)
Muni
5.06% Held
(-I-)
1210112027 3.86 Cuff Yield -
5.360%
101.45815.050%
101.291
$5,083
(0.9%)
FEDERALLY TAXABLE I STATE TAXABLE
I S&P Outlook Stable I Long First Coupon I Extraordinary Calls I Certificate of Participation I Government
Semi -Annual Pay
61690U3C2
244 XXXXXX9707
-I-
MORGAN STANLEY BK N A
4.800 % 98.015 Maturity 03/16/2028
5.278 % (w) 5.278 %
5.278 %
03116/2023
$244,000
$239,157
($4,843)
CD
1.24% Held
FDIC Cert A, 32992
0311612028 4.09 Cuff Yield -
4.897 %
100.00014.800%
100.000
$3,562
(2.0%)
Death Put I I MS I Semi -Annual Pay
Includes all tax lot holdings with recognized CUSIP. For
preferred securities, A of shares is displayed instead of current face value, which is represented in thousands (000).
The (w) in the
Yield column indicates which yield value is the Yield to Worst (YTW).
Duration figure represents modified duration to worst.
ATYITEY calculations use a Fed Tax rate of 0.00%, a Cap Gains Tax rate of 0.00%, a State of WA, and a State Tax rate of NIA.
Page 11 of 25
PPENHEIMEK
Position Details (continued...)
CITY OF HUTCHINSON
report as of 0710112023
XXXXXX9707
Position
Details
CUSIP Curt
Face Account #
Mdy / S&P
Coupon Mkt Px
Acq Date
Tot Adj Cost Mkt Principal Unreal GIL
Asset
% Port Held
(Underlying)
Issue Description
Maturity Duration Px To Date
Yield
ATY TEY Acq Px I Yld
Adj Cost Px Accr Int %Adj Cost
00833JAO4
195 xxxxxx9707
-/-
AFFINITY EIK COVINGTON GA
4.900 % 98.422 Maturity 03/17/2028
5.279% (w)
5.279% 5.279% 03/17/2023
$195,000 $191,923 ($3,077)
CD
0.99% Held
FDIC Cent A, 29510
0311712028 4.17 Cuff Yield -
4.979 %
100.000 / 4.900%
100.000 $471 (1.6%)
Death Put I I AFFBGA I Monthly Pay
977100HV1
500 xxxxxx9707
Aa2/-
WISCONSIN ST GEN FD ANNUAL
4.330% 98.384 Maturity 05/01/2028
4.707% (w)
4.707% 4.707% 02/23/2023
$497,905 $491,920 ($5,985)
Muni
2.54% Held
(Aa2/-)
APPROPRIATION REV
0510112028 4.23 Cuff Yield -
4.401 %
99.581 /4.420%
99.581 $8,359 (1.2%)
FEDERALLY TAXABLE I STATE TAXABLE I Make Whole Call I Long First Coupon I Revenue I Government I Semi -Annual Pay
Includes all tax lot holdings with recognized CUSIP. For preferred securities, 0 of shares is displayed instead of current face value, which is represented in thousands (000).
The (w) in the Yield column indicates which yield value is the Yield to Worst (YTW).
Duration figure represents modified duration to worst.
ATY/TEY calculations use a Fed Tax rate of 0.00%, a Cap Gains Tax rate of a00%, a State of N/A, and a State Tax rate of N/A.
Page 12 of 25
ppENHEIMEk Coupon Cash Flow - Year 1 CITY OF HUTCHINSON
report as of 0710112023 XXXXXX9707
Jul'23 Aug'23 Sep'23 Oct'23 Nov'23 Dec'23 Jan'24 Feb'24 Mar'24 Apr'24 May'24 Jun'24
Agency $5,000 $2,950 $5,625 $6,250 $2,950 $7,500
Agency Pass-Thru - - - - - -
Asset -Backed - - - - - - -
CD $15,182 $12,211 $16,299 $11,021 $21,661 $12,695 $14,847 $8,987 $14,147 $9,979 $15,312 $10,849
CMO - - - - - - - - - - - -
Corporate - - - - - - - - - -
Muni: Fed Tax $20,545 $42,813 $13,860 $29,076 $42,780 $43,875 $42,813 $13,860 $20,450 $42,780
Muni: Tax -Exempt - - $7,275 - $688 - - $7,275 - -
Muni: Subj AMT - - -
Pfd: Fed Tax
Pfd: Tax -Exempt
Pfd: Cap Gains
Treasury - - - - - - - - - -
Total $35,727 $60,025 $37,434 $13,971 $56,363 $56,163 $58,722 $58,050 $35,282 $12,929 $43,262 $53,629
Fed Tax -Exempt - - $7,275 - - $688 - - $7,275 - - -
Fed Taxable $35,727 $60,025 $30,159 $13,971 $56,363 $55,475 $58,722 $58,050 $28,007 $12,929 $43,262 $53,62f
Subj to Cap Gains - - - - - - - - - - -
Subj to AMT
Fed Tax -Exempt 0 Fed Taxable � Subj to Cap Gains 0 Subj to AMT
Jul:'- Total %Tot
$30,275 5.8%
- $163,192 31.3%
$312,853 60.0%
$15,238 2.9%
$521,557100.0%
$15,238 2.9%
$506,320 97.1%
$54,000
$45,000
$36,000
$27,000
$18,000
$9,000
$0
Jul'23 Aug'23 Sep'23 Oct'23 Nov'23 Dec'23 Jan'24 Feb'24 Mar'24 Apr'24 May'24 Jun'24 Jul'24
Includes all tax holdings with recognized CUSIP, quantity, market price and full analytical calculations on reporting date. Includes coupon cash flows for the next 12 months, from 0710112023 to 0613012024. Totals are the sum of rounded displayed
values. The cash flows displayed are only estimates. Your actual interest and principal payments may be higher or lower than these estimates. Projected Principal Paydowns for CMOs are produced by applying current pool speeds which are updated
weekly. Assuming similar market conditions going forward, Projected Principal Paydowns for Pass-Thru securities are produced by calculating and applying concurrent historical speeds to future paydown schedules.
Page 13 of 25
EPENHEIMEK Maturity & Duration - All CITY OF HUTCHINSON
report as of 0710112023 XXXXXX9707
40%
v
e
e
20%
g o
I 1
0%
aati�'��ati��
Qe
40%
e
4
0
20% n
v
m
R
0% '
0'ti p'L p'� pb ph ob 1 00 p0 ,ti0 ,ti'l ,ti'L ,ti'� ,tib ,tih ,tib t ,ti0 ,ti0 .LO .L'i .L'L .L'� .Lb .Lh .Lb .L1 .L0 .L0 ,�O ox
00 0'ti o'L o'� oDr o<'i ob'�o1' 00 00' ,ti0 ,tiff ,ti'V ,ti'N ,tiD: ,tics' ,tiH ,tit ,ti0 ,10' ,Lti ,L'V ,l^i ,�ti ,Lh' ,lry ,L1 ,L0 ,L0' '�
Displays represent % of market principal for all tax lot holdings with a recognized CUSIR quantity, current market price and full analytical
calculations. Average life used forpnwipal paydowns, and perpetual securities are assigned a 40 year maturity. Duration figure
represents modified duration to worst.
Year
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053+
Perpetual
Page 14 of 25
Curr Face %
$1,775,000 9.02%
$6,769,000 34.39%
$4,168,000 21.18%
$2,320,000 11.79%
$3,712,000 18.86%
$939,000 4.77%
Mkt Principal
%
Range
$1,760,940
9.28%
00-01
$6,577,605
34.65%
01-02
$3,991,799
21.03%
02-03
$2,090,080
11.01%
03-04
$3,637,146
19.16%
04-05
$923,000
4.86%
05-06
06-07
07-08
08-09
09-10
10-11
11-12
12-13
13-14
14-15
15-16
16-17
17-18
18-19
19-20
20-21
21-22
22-23
23-24
24-25
25-26
26-27
27-28
28-29
29-30
30+
Curt Face %
$5,240,000 26.62%
$6,249,000 31.75%
$3,043,000 15.46%
$4,212,000 21.40%
$939,000 4.77%
Mkt Principal %
$5,147,082 27.12%
$5,998,832 31.61%
$2,831,606 14.92%
$4,079,951 21.50%
$923,000 4.86%
