cp12-09-1997 cDECEMBER
SUNDAY
MONDAY
TUESDAY
1997
-7-
-8-
-9-
Noon - Community Needs Task
HUTCHINSON
8:30 a.m. - City Newsletter
Force Meeting in Main
Committee Meeting at City
Conference Room of City
CITY
Center
Center
CALENDAR
1:00 p.m. - HATS Joint Powers
4:00 p.m. - City CounciFDirectors
Board Meeting at HATS
Budget Workshop in Main
Facility
Conference Room
WEEK OF
5:30 p.m. - City Council Meeting in
Council Chambers
December 7 to December 13
WEDNESDAY
THURSDAY
FRIDAY
SATURDAY
-10-
-11-
-12-
-13-
CONFERENCE /SEMINAR/
VACATION
10:00 a.m. - Directors Meeting at
City Center Staff Conference
Room
C = Conference
M = Meeting
S = Seminar
V = Vacation
AGENDA
. REGULAR MEETING - HUTCHINSON CITY COUNCIL
TUESDAY, DECEMBER 9, 1997
I CALL TO ORDER - 5:30 P.M.
2. INVOCATION - Rev. Alex Ramos, Bethlehem United Methodist Church
3. MINUTES - NONE
4. CONSENT AGENDA
(a) REPORTS OF OFFICERS, BOARDS AND COMMISSIONS
1. BUILDING OFFICIAL'S REPORT - NOVEMBER 1997
2. LIBRARY BOARD MINUTES OF NOVEMBER 24, 1997
3. HUTCHINSON AREA HEALTH CARE BOARD MINUTES OF
OCTOBER 21, 1997
4. PARKS, RECREATION & COMMUNITY EDUCATION ADVISORY
BOARD MINUTES OF OCTOBER 2, 1997 AND NOVEMBER 6, 1997
• (b) RESOLUTIONS AND ORDINANCES
1. ORDINANCE NO. 97 -214 - VACATION OF UTILITY AND DRAINAGE
EASEMENTS (SECOND READING AND ADOPT)
2. RESOLUTION NO. 10950 - ACCEPTING PLEDGED SECURITIES FROM
CITIZENS BANK & TRUST CO., HUTCHINSON, MINNESOTA
3. RESOLUTION NO. 10951 - 1998 TAX LEVY FOR CITY OF
HUTCHINSON, MINNESOTA
(c) SNOW REMOVAL PERMITS
1. TOM CLABO
2. GERALD VASEK, HANSON & VASEK
(d) APPOINTMENTS:
I . ROBERT PETERSON TO HUTCHINSON AREA HEALTH CARE BOARD
2. SUE MUNZ TO PIONEERLAND LIBRARY BOARD
3. LIGHT TRAFFIC ADVISORY BOARD
LESLIE SMITH
LUCILLE SMITH
ARCHIE WOODWORTH
Action - Motion to approve consent agenda
• 5. PUBLIC HEARING -- NONE
CITY COUNCIL AGENDA - DECEMBER 9, 1997
.UI.0 l AI U11-11TIMPAR . 1
7.
(a) CONSIDERATION OF SHOPKO/NORWEST PARKING LOT ISSUES
Action - Motion to reject - Motion to approve amendment to Cross Easement
Agreement
8. NEW BUSINESS
(a) CONSIDERATION OF ENTERING INTO 1998 ASSESSMENT AGREEMENT
WITH MCLEOD COUNTY
Action - Motion to reject - Motion to approve
(b) CONSIDERATION OF ENGINEERING CONSULTANT CONTRACT WITH OSM
& ASSOCIATES FOR FIFTH AVENUE BRIDGE AND ROADWAY
Action - Motion to reject - Motion to approve contract
(c) CONSIDERATION OF REQUEST BY KNIGHTS OF COLUMBUS TO WAIVE
$75.00 FEE FOR CONDITIONAL USE PERMIT APPLICATION FOR
PORTABLE SIGN AT NATIONAL GUARD ARMORY
Action - Motion to reject - Motion to approve
(d) DISCUSSION OF WATER/SEWER/REFUSE CONVERSION TO MONTHLY
BILLING
Action -
(e) CONSIDERATION OF ADOPTING GENERAL FUND BUDGET FOR FISCAL
YEAR 1998
Action - Motion to reject - Motion to approve and adopt Resolution No. 10952
(fl CONSIDERATION OF CITY LOAN SUBORDINATION FOR PLASTIC
SPECIALTIES
Action - Motion to reject - Motion to approve
(g) CONSIDERATION OF AWARDING SALE OF HOSPITAL REFUNDING BONDS
Action - Motion to reject - Motion to approve and adopt Resolution
9. MISCELLANEOUS
(a) COMMUNICATIONS
0
•
•
E
CITY COUNCIL AGENDA - DECEMBER 9, 1997
•
10. CLAIMS, APPROPRIATIONS AND CONTRACT PAYMENTS
(a) VERIFIED CLAIMS
Action - Motion to approve and authorize payment from appropriate funds
1 • 1:►u.
•
is
CITY OF HUTCHINSON
• BUILDING / PLANNING / ZONING DEPARTMENT
111 HASSAN STREET S.E., HUTCHINSON, MN 55350 PHONE: 612 - 2344216 FADE 612.234A240
Novernhor 1497
•
•
NEW RESIDENTIAL
PRIVATELY OWNED
PUBLICLY OWNED
HOUSEKEEPING
Item
Nuaberol Valueuco of
Number of
valuahan of
BUILDINGS
No.
Buildings Housing corulruclion
construction
Buildings
Housng
UNts Onkfcenfs
Units
Omifcenfs
(a)
lb1 (c) (d)
(e)
(9
(g)
Single4amty houses, detached
E,chtle,wwew.aaa
101
5
5
439.340
Singltrlamfy houses. attached
Spueredby9'rwbw n..
-Ab uws BOwe wbebr. rnd
102
Sepereh Meiv,p eyY�,ub ,nMWf
Two-fan* buildings
103
Three and lour-famiy builidinge
104
Frveor -more lemily bui
105
TOTAL: Sum of 101- 105--
109
NEW RESIDENTIAL
PRIVATELY OWNED
PUBLICLY OWNED
NONHOUSEKEEPING
Item
Number of Valuation of
Number of
Valuation of
BUILDINGS
No.
- Bu s construction
construction
w - nge Rooma
Orb CEnls
Omit cants
lal
(bl (c) (d)
(e) f0
(g)
Ho, motels, and tourlat ceoirtv
ma slant ar.ornnn .tons m )
213
1
40
1 150 000
Other nonhousekeep rig shelter
214
NEW
PRIVATELY OWNED
PUBLICLY OWNED
NONRESIDENTIAL
Itam
Number Valuaenn of
Number of Valuatlon at
BUILDINGS
No.
of corstructon
Buildings constr
Buildings ONl cents
Omncenrs
a
(b) (c)
(d) (e)
Amusemem, soaal, and Mreabonel
318
Churches and other rellgioue
318
Industrial
320
1
14 877 001
Parking garages (buld" 8 open docked)
321
Service stations any repay gan ages
322
Hospitals and Institutional
323
Offices, banks, and professional
324
Public works and utilities
325
Schools and omen educational
326
Stores and customer semces
327
Other nonresidential buildage
328
Structures other than buildings
329
ADDITIONS,
PRIVATELY
OWNED
PUBLICLY OWNED
ALTERATIONS,
Item
Number
Valuation of
Number of Valuation of
AND CONVERSIONS
No.
of
caslnction
Buildings construction
Bufli
Omskcenls
Omit cents
(a)
(b)
(c)
(d) (e)
Residential - Glassily additions of
434
garages and carpa"a In item 436
1 4
38.934
Nonresidential and nonhousekeeping
437
2
14. 400
Addhione of residential garages and
436
carports (ahactted and detached)
DEMOLITIONS
PRIVATELY
OWNED
PUBLICLY OWNED
AND RAZING
hem
Number
Number of
Number of Number of
OF BUILDINGS
No.
of
Hcukng,nits
Buildings Housing units
Btddirgs
(a)
(b)
(c)
(d ) (a)
Single-family houses (ahacMd and
1145
detached)
Tw foamy buildings
646
Three - and lour -famy buildings
647
F'rveor -more family buildings
646
All other buik kgs and structures
649
RRR -4, RRS -3, RHR -3, FENCE- 2 MHI -1, DEMO -1, SIGN -2
Total Permits 33 Total YAluation $16,969,174
�// -A-, (' I-)
INOMDUAL PERMITS AUTHORONO CONSTRUCTION VALUED AT S500,o00 OR MORE
Read prowde Me fofowy Infamrllon for "Ch Permit aunndzlrq wrwtru w v"ad At S50O,OD0 or more
entered in a the above seaforn
tt«n NO
trtun
above
Deecr"w
Name and mWras of
caner or bwWw
Ownership
Mast (%)
va mbcn of
mWrue
Number
of
Housirq
WAS
SuMirga
Sections
aria
O ftr morns
(a)
(b)
(C)
(d)
(a)
(B
(9)
IOM of buldrkg
Ot Pdvue
Site address
1135 Hwy 7 East
Hutchinson, MN
❑ Ptbbe
f 1,150,00
a b V
BjJQ
Hutchinson Tech. INc
cvovua
Siw address
40 M Highland Pk Or
Pib,
f 14,872,00
Hutchinson, MN 553
Kind of buid ng
O Private
SIte add,eae
❑ Pu
f
IOM of buadnp
❑ Povate
SRO address
❑ Public
f
Cc nr to
Are you awue of eny new Pwn%K- isnin0 JwWdedons7 ❑ No ❑ Yea - Read give acdMriW WO moon in Conan m
Name of parson b contad reperdinp Mw report Tine
Areacode Number F�dsnacn
Tdfa
I I I I I I N
IF
T ;
Y
IN THE
UNITED STATES
BUSINESS REPLY MAIL
RAATU "L rstiT, .nrs a0$TON. �
POSTAGE call E PAD W AOGftESSEE
F.W. Dodge $d
Afsr.waaa,G�ear�. -e
Building Statistics
PO Bca 609
Lainem MA 0217: -9536
LJ
•
Hutchinson Public Library Board Meeting
• Monday, November 24, 1997
Members Present: Mary Henke, Sue Munz, Connie Lambert, Paul Wright,Joe Schulte,
Richard Peterson, Joyce Beytien
Members Absent: Lois Carlson, Kay Peterson
Old Business: There are still problems with the roof leaking and the company who
repaired it earlier this fall came back and did more repair with no added cost. We need
to continue to work toward a long term solution which is a complete new roof.
Mary updated the board on the progress of hiring a new children's librarian. There
were seven responses from the ad placed in the paper and three were chosen to
interview on December 2 by Mary, Sue M. and Kathy Madson (PLS).
Children's Book Week (November 17 -22) " Curious George" appeared at the library
and at Park and West Elementary Schools and gave out bookmarks to encourage
reading. This was a shared effort coordinated by Sue Munz. Flyers were sent to
Elementary schools to announce the week and about 40 books were given to
children. A story time was held one evening with Curious George in attendance. Book
circulation was very good that evening also.
New Business:
• National Library Week, April 19 -25
Mary will order any posters, bookmarks, materials that she deems necessary for this.
Two videos were viewed. One was on censorship showing the American Library
Association's view opposed by a citizens' group, KIDS (Keep Internet Decent and
Safe)from one community in California.
Another video gave a tour of the Roseville Public Library that has a coffee shop within
the building and areas where patrons may study and read enjoying coffee. (like some
of the larger book stores in Mips. and St. Paul)
A Thank you was read from Norita Levy for the Board's gift of money upon her
retirement.
Mary, Sue and Connie gave reports on the last PLS meetings held this month. The
PLS Board has approved the PALS system for bar codes on the books and
registration cards. Sue reported on a communication suggestion for the PLS
members from McLeod Co. This was Sue Munz's last PLS meeting so there is an
opportunity for someone to serve on the PLS Board from Hutchinson.
Meeting was adjourned. The next meeting will be on Monday, December 22,1997
Joyce Beytien, Secretary
•
44 (Z)
0
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•
HUTCHINSON AREA HEALTH CARE
REGULAR BOARD OF DIRECTORS' MEETING —October 21, 1997
Hospital Conference Room AB - 5:30 PM
Pre sen Tom Daggett, Chairperson; Paulette Slanga, Vice Chairperson; Don Erickson,
Secretary; Elaine Black, Director, Jim Mills, Director, Rich Myers, Director, Dr. Mark Matthias,
Trustee/Chief of Medical Staff.
Others Present Philip G. Graves, President; Robyn Erickson, Care and Support Services
Division Director, Jane Lien, Acute Care Division Director, Ed Tusa, Finance, Information and
Quality/Senior Care Divisions Director; Tom O'Connor, Vice President, Allina Regional Health
Services, Jim Lyons, HMC Administrator, Dr. Panneer Manickam, Corrinne Schlueter, Recorder.
Absent: Pat Halverson, Community Care Division Director (excused)
The meeting was called to order by Chairperson Daggett at 5:50 PM.
Jim Lyons, Administrator of the Hutchinson Medical Center, requested that a letter of support be
written from the Hutchinson Area Health Care Board Members to support the need for Dr.
Panneer Manickam on the medical staff. Dr. Manickam is a new internist on staff, and is having
some immigration difficulties. At present he is here on a work permit (temporary visa for three
years) and is applying for a permanent visa
Minutes of Past Meetings. Minutes of the September 16, 1997, regular board of directors'
meeting were presented and discussed.
Following discussion, motion was made by Myers, seconded by Slanga to approve the minutes of
the September 1997, as presented. All were in favor. Motion carried.
Medical Staff Meeting Minutes and Credentialing Dr. Matthias reviewed the Medical Staff
Executive Committee meeting minutes and reported on Kjersten Gmeiner— a medical student
who worked with Dr. Matthias during September and October. Temporary medical student
privileges were granted for her during this time frame. She plans to return during the month of
November for two days each week to work with the medical center physicians.
Dr. Schlosser is requesting additional privileges for endoscopic procedures: Upon review of her
file, documentation is appropriate for her training and experience in these procedures.
Credentialing recommendations were made for the following practitioners:
Reappointments:
Dr. Thomas Ibach
Dr. Bruce Homa
Dr. Christopher Wallyn
Dr. Michael Merck
Dr. Stacy Nichols
Julene Schatz
Radiology
Family Practice
Ophthalmology
Ophthalmology
Psychiatry
RN
Active
Active
Active
Active
Active
Allied Health Dependent
4 �3/
Regular Board of Directors Meeting — 1021/97
Page 2
Sam Scholl MA, Ed S., LP Allied Health Dependent
Medical Student.
Kjersten Gmeiner — Medical Student with Dr. Mark Matthias for four weeks.
Additional Privilege's.
Dr. Crystal Schlosser
Following discussion, motion was made by Matthias, seconded by Erickson, to grant privileges to
the above named practitioners as requested in their applications. All were in favor. Motion
carried.
New Business.
A. Distinct Resident Environment Tusa presented an update for the move at the Burns
Manor Campus on November 12 ° . The plan is to move 63 residents, from where they
are currently residing, to one of the four areas such as short-term rehab, medically
complex, general population, and behavior /dementia. The movers consist of teams of six
people. One of the residents will be moved every five minutes. The slogan for the day is
"Winning the challenge of change ".
0
B. " Distinct Resident Environment Renovations The board reviewed a project request for •
purchase of carpentry, carpet, window treatments, furnishings, and wall finishes to be
used in the creation of distinct resident environments for residents at the nursing home.
These items will be included in combining the current Rooms 305 and 206 as a living
room for residents and remodeling Room 100 into an activity room for that wing. A
majority of the cost for the project involves construction of two major dividing walls.
HAHC is acting as general contractor in this project.
Following discussion, motion was made by Mills, seconded by Black, to request
authority from the City Council to remodel three resident rooms into living rooms and an
activity room for the residents, complete with fixtures, furniture, and equipment, at a
project cost of $51,420. All were in favor. Motion carried.
C. Burns Manor Nursing Home Lower Level Enhancements The lower level of Bums
Manor was razed because of water damage and mold. An outside contractor was brought
in to do a time and materials project, but additional changes have been requested for the
employee breakroom. Additionally there would be five workstations for lower level
offices and forty chairs, would be purchased for the breakroom.
Following discussion, motion was made by Myers, seconded by Slanga to authorize staff
to purchase workstations at a cost of approximately $25,000 and chairs for the break
room. All were in favor. Motion carried.
D. Computer Lease Agreement Tusa reported on recommendations from Total Solutions
Group regarding the leasing of- Personal Computers and printers. The proposal has a full •
maintenance agreement. At the end of three years, upon expiration of the lease, the
equipment will be returned to the company. We have collected bids and are working with
-t;)
• Regular Board of Directors Meeting — 10121/97
Page 3
VHA (HAHC's group purchasing organization) plus local lending institutions, as well as
Total Solutions group for financing prices as well as for supplying the equipment. The
anticipated three year cost is $90,000. The cost of this equipment will not exceed the
amount that was previously approved by the Board and City Council. This purchase is
part of the 51.500,000 upgrade.
Following discussion, motion was made by Myers, seconded by Slanga, to authorize staff
to pursue the leasing of 46 Personal Computers and 12 Printers and accept the lowest
bidder, for a term of three years. All were in favor. Motion carried.
E New Board Member Selection. Jim Mills will be leaving the Governing Board in
December 1997, and Daggett asked the members of the board to supply names of
potential candidates who would be most suitable for membership. There were two names
submitted and they were Charles Munz and Robert Peterson. These names will be
submitted to the mayor.
F. ,Space Issues. Graves reported on the continuing dialogue with Kraus Anderson on the
purchase of the Plaza 15 shopping center. Additionally the following items were covered:
expanding a parking lot on the northwest comer of the hospital property; the addition of
ten stalls to the visitors' parking lot; the need to restripe the Rehab lot and gain another
• 20 stalls.
G. Architect Selection Graves reported on the work that has been completed by the
consultant planner. Most of the work thus far has been with the Hutchinson Medical
Center. It is anticipated that a 30,000 square foot expansion of the existing medical
center will be proposed along with some remodeling of the current hospital space. It is
recommended that an Architect be selected to begin work with the planner so that the
process can be kept moving forward. Board members considered the selection process
and concluded there are advantages in staying with the same firm of Horty Elving and
Associates because of their familiarity with the building, the quality of past performance,
and working relationships. Following discussion:
Motion was made by Mills, seconded by Matthias, to authorize the President to
negotiate the terns of a contract and hire the architectural firm of Horty, Elving and
Associates for drawings and related documents for remodeling of the hospital and for
remodeling and expansion of the Medical Center. All were in favor. Motion carried.
.H. Medicare Fraud and Abuse. Tusa reported on the recently surfaced Medicare fraud and
abuse issues, and how six hospitals were targeted for audit in Minnesota. The current
audit process seems to be focused on laboratory billing. The constructs for a formal
compliance program were explained. HAHC will begin to develop and implement a
compliance process with the assistance of Allina in the next few months.
1. vital Expenditure Request for Monitoring Equinment for Anesthesia. A capital
expenditure request was made for the purchase of Space Labs Monitoring System for a
minor procedure room in the Surgery Suite. The current use of the minor procedure room
is for Electro Compulsive Therapy and some ophthalmologic procedures. This equipment
f3)
Regular Board of Directors meeting —10/21 /97 .
Page 4
includes a blood pressure unit, pulse oximetry unit, end title CO2 unit, monitor and
recorder.
Inadequate monitors are being used now. This monitoring equipment is compatible with -
all other monitoring equipment in the organization.
Following discussion, motion was made by Myers, seconded by Dr. Matthias, to purchase the
Space Labs Monitoring System for the minor surgery room at a cost of S17,190. All were in
favor. Motion carried.
J. Capital Eciuipment Request for copier for Health Information Services. A capital
equipment request for purchase of a copier for Health Information Services was '
presented. A new copier will increase efficiency, require less time for copying, stapling,
and replacing paper. Health Information Service area provides copies of all dictation for
physicians, chart copies for insurance companies, lawyers and other outside agencies as
well as internal customers.
Following discussion, motion was made by Mills, seconded by Slanga, to purchase a
copier for Health Information Services, in the amount of $12,032. All were in favor.
Motion carried.
K. Informed Consent Policy Revision Lien presented the Informed Consent Policy
revision that was recently passed by the Executive Committee of the Medical Staff. The •
purpose of the policy is to insure that all patients are informed about risk before invasive
procedures are done. Lien stressed the point that only a Physician can inform patients
regarding the risks. The highlights of the policy were as follows:
• Definition of invasive procedures;
• The patient's diagnosis and the nature of his or her condition;
• The nature and purpose of the proposed treatment;
• The probable success and the benefits of the proposed treatment;
• The material risks of the proposed treatment, including possible complications during
the recuperation period;
• Alternative treatments, the benefits and risks of the alternative treatments, and the
patient's prognosis if no treatment is given.
Following discussion, motion was made by Slanga, seconded by Black to accept the
Informed Consent Policy revision. All were in favor. Motion carved.
L. Litigation Settlement. Graves reported on the mediation of the litigation between
Loftland and HAHC. The negotiated settlement will cost HAHC $35,000. The balance
will be picked up by PHICO, the organization's insurance carrier.
Following discussion, motion was made by Mills, seconded by Slanga to approve the
payment of this settlement in the amount of $35,000. All were in favor. Motion carried.
Organizational Reports.
A. Presiden t. Nothing further to report.
B Acute Care. Nothing further to report.
to
Regular Board of Directors Meeting — 10/21/97
Page 5
C. Care and Support Services Robyn Erickson talked of the EMT's coming to this
meeting, but four out of the six passed their test and the others are retesting on
November 11 °. The Hospice Dinner scheduled for November 1 was announced.
D. Community Care Nothing further to report.
E. Finance. Information and Ouality /Senior Care Nothing further to report.
Oualitv Report. Slanga reported that the Quality Committee had met on Monday, and they had
discussed the changes that are happening at Burns Manor Nursing Home. Also, the Quarterly
report for the Support Services Division was given.
Abbott Northwestern Report. Nothing to report.
Allina Management Report. Nothing to report
Accounts Payable. The accounts payable listing for September was presented. Following
discussion, motion was made by Myers, seconded by Matthias to approve the attached listing of
accounts payable and cash disbursements in the amount of $1,549,509.67.
Statistical Report. Graves presented the statistical report for September. Hospital admissions for
the month were 219, compared to a budget of 198. Average length of stay was 3.9 days and
• occupancy was 44.9 Nursing home statistics showed occupancy of 87.61% and case mix of
2.42
Financial Report. The organization's revenue over expense for September 1997 was $137,080,
compared to a budget of $43,515.
Auxiliary Minutes. The hospital auxiliary minutes were presented. No unusual comments were
made.
BMNH Auxiliary Minutes. The BMNH auxiliary minutes were presented. No unusual comments were
made.
Adjournment Myers moved to adjourn the meeting, seconded by Black. There being no further business
the meeting was adjourned at 9:05 PM.
Respectfully submitted,
Corrinne Schlueter
Recorder
L-A
Don Erickson
Secretary
_(O
MINUTES
Parks, Recreation & Community Education Advisory Board
October 2, 1997
Members present: J.P. Auer, Lyle Block, Rev. Todd Erugaard, Deb Koglin, John Mlinar, Loretta Pishney,
Mike Schall, and Theresa Sweeney. Also present: Dolf Moon, Sonja Peterson, and Mark Schnobrich.
The Minutes dated September 4, 1997, were approved by a motion made by Loretta Pishney and seconded by
Rev. Todd Ertsgaard. The Board unanim ously agreed.
6 1 '
Meadows Plat -City staff had given a range of $135 - 175 /unit. City staff voted to charge $155 /unit for project.
This will mean just under $11,000 for the parkland dedication fund. Note: The American Inn & Comfort Inn
will be paying $8,000 (combined fee), as the. Americhm has not paid.
NEW BUSINESS
Miller's Woods Update (see handout) - Mark Schnobrich showed slides of Miller's Woods and a video of St.
John's Oak Savannah in Collegeville while speaking to the Board. The goal of the Oak Savannah will be to have
oak trees interspersed with prairie grasses, confined inside the woodchip trail, with a buffer left between
renovation area and private property, concentrating on 8 -10 of the 21 acres. The Minnesota Conservation Corps
took out all the non -native vegetation for a cost of $500. Woodchips will be spread on the trail by HHS
4p ents. Randy Schindle, Mankato DNR, has volunteered to have his crew come up and help with the fast burn
.text year. John Miller will be proposing, to the consortium, the placement of cedar post markers on every lot
corner, as a compromise to putting up a fence. Mark would like to incorporate the Historical Society into the
project, using the history of this area to help promote the park. There will be a neighborhood cleanup for the
area Sunday, October 12 from 10am -3pm. Property owners have until October 18th before the city comes in and
finishes.
2nd Vice Chair - Peggy Westlund has volunteered for the position. A motion was made by J.P. Auer and
seconded by Lyle Block. The Board unanimously agreed.
West River Campground (see handout) - Prices were raised last year. Having a staff person on site has
increased customer contact over the summer. The weather has a lot to do with the amount of campers there are.
The parks will close October 13th. Patrons can park there and will be assessed a negotiated fee. There will be
no water, electricity, etc. If the public needs to rent a shelter after October 13th, they can use one of the heated
shelters. Vandalism has been way down with a staff person at West River. Park buildings are locked by the
HPD sometime between IOpm -I Ipm (except for West River). Continued development of the Luce Line Trail
will draw more patrons. The CVB is donating $8,000 for paddle boats, bicycles, and cross country skis. The
first 1/2 hour will be free for motel patrons. This should also draw more tourists. J.P. Auer suggested that
there's room for 4 more motor home spaces. What would the investment be? Mike Schall suggested that the
staff attendant could keep a log of the weather.
jakrk & Recreation Budget (see handout) - The top figures shown 10 year history of the department with
i penses & revenues. The percentage is revenue into expenses. To move to 50% self - sufficiency would take a
huge effort. The bottom figures show individual budgets and revised proposed numbers. The park dollars come
from grants, shelter reservations (tray be raised from $15 to $25 next year), and field rentals by the general
public. The numbers also show a raised revenue over 10 years of $186,000 (58 %). PRCE is funding 5.36 on the
$1. The budget is not adopted yet. Dolf needs to talk with facility user groups about the raised fees. ; /_ /4 )
MINUTES
PRCE Advisory Board
October 2, 1997
Page two
u ►L • Z V. ►l L
Light Traffic Report - No decision has been made. Discussion will continue at the November meeting. The
task force is looking at a walkway/bikeway link across Hutchinson.
Loretta Pishney reported that the senior citizens are running out of space. They are looking at a few buildings
for a new Senior /Community Center. The seniors would like to make a down payment, have the city buy the
building, and then pay back the city. J.P. Auer suggested that a Senior Center /Alta native Learning Center/lee
rink would be a good combination. Dolf commented that talk of a Convention/Senior Center has been discussed.
Hutchinson is also short ball fields and ice space. If this went to a public vote, there would be a better chance of
getting it passed if there weie more than one proposal on the ballot.
MINUTES
Parks, Recreation & Community Education Advisory Board
41 November 6, 1997
Members present: Mike Cannon, Dolf Moon, Sonja Peterson, Loretta Pishney, Mike Schall, Theresa Sweeney,
Peggy Westlund. Brad Emans and Tom Laurian were also in attendance.
Minutes dated October 2, 1997, were approved by a motion made by Loretta Pishney and seconded by Peggy
Westlund. The Board unanimously agreed.
pi 1 1
Projects Update
1) Renovation of restrooms at Arena. Cost 513,000.
2) Outfield fences up at Northwoods Park. Contribution made by Jr. Baseball Program. Parks may acquire 8-
10 acres through tax forfeiture. Could become nice complex.
Budget - Dollar amount given to board has not changed. For new money received, PRCE paid $ .72 per $1.
NEW BUSINESS
Facilities Improvement Committee - Brad Emans and Tom Laurian gave a presentation regarding the
Hutchinson Ice Arena Expansion Project (2nd sheet of ice). Ice is currently 16% beyond capacity. Expecting
• 5% annual growth due to addition and growth of girls hockey, public usage, tournaments, etc. The time
table for girls varsity hockey is 2 -3 years. Numbers right now are approximately 450 -figure skating, 290 -
hockey, 40 -HHS, plus public skating. There are 3 phases to this project:
Phase I: Building adjacent to Arena (west) with temporary pathway building for Zamboni & locker
rooms shared between the 2 buildings. Cost $300,000 - $450,000.
Phase II: Modify existing compressor system for artificial ice in proposed arena. Cost $100,000-
$150,000.
Phase III: Remove temporary structure in Phase I with permanent building with 2 main entrances,
locker rooms, concessions, lobby, etc. Cost $300,000 - $700,000.
Plans are to pay for Phases I & II with fundraising dollars only. Planning on soliciting funds for Phase III only.
$1400 is secured through the Hockey Assoc. for bids and architecture. Need to stay cost neutral to city.
Would like to start construction in Spring 1998 with cash in hand for Phase I.
Light Traffic Report - Bike Trail bisecting school campus to 8th Ave & Dale St to Craig Ave & Laura Ave via
Aveyron Home property has been tabled for 6 months. Having trouble with Craig Ave residents. Traffic
Calming Sight - 2 alternatives include 3 -way stop or raised intersection approach. Council needs to take a
position on whether they would secure Aveyron Home land. Would like to have built by 1999.
Hutchinson Community Youth Orchestra - Hutchinson will have one! Will be an autonomous group of parents
(like hockey assoc.). First approached Art Center asking for them to be the fiscal agent. Turned down.
Community Education will be the fiscal agent. Advertising will be in the PRCE Winter /Spring brochure.
Group has 30 -35 participants already. Program will be ability based, focused on strings, and center around 3 -'
a grade. Could possibly branch into 2 groups depending on numbers. Practice will be on Sundays at
Maplewood Academy (they are providing storage and facilities free). Will be advertising for conductor in
Hutchinson and up to 1 1/2 hours away. First year cost is $9,000. $5 of fee will go to Community Education
MINUTES
PRCE Advisory Board
November 6, 1997
Page two
NEW BUSINESS CONTINUED
Search Institute Findings (see handout) - Tabled until December meeting. Comprised of 40 assets kids can obtain
in their formative years. Hutch kids averaged 17 -18. Anything under 11 could mean a propensity for teenage
pregnancy, violence, etc.
District 423 Goals and Objectives - Established with School Board through Community Education. Goal is to
better prepare students for an internationally competitive world. There are four projects for Community
Education:
1)
2)
Special Olympics - includes 45 bowlers, 3 weight lifters as of now.
Swimming Pool - priority of usage needs to be distributed between school and community
be in the PRCE summer brochure. Looking at an April completion date.
Classroom ". Team of 15 is working on this.
K -5th - bring business people into classrooms.
6th -8th - "successful women" and "heroes ".
Schedule will
3) Computerized Facility Reservation Network - reservation viewing ability for all. Coordination will still
be through Sharon Opatz. Plan is to build an in -house program to meet our needs. Would like to
- eventually tie in with billing procedure.
4) Design Mentor Program -K-12 initiative. Received 2 grants for "Community's Connection to the
8th - will conduct 2 interviews.
9th - mandatory career exploration class using computer program (will use with ABE).
10th - shadowing program.
11th -12th - independent study mentor program with self- directed project.
7It• .l ut
FYI Auer Submission (see handout) - no discussion.
0
�J
ORDINANCE NO. 97 -214
AN ORDINANCE OF THE CITY OF HUTCHINSON, MINNESOTA
VACATING DRAINAGE AND UTILITY EASEMENTS LOCATED
IN THE HUTCHINSON DOWNTOWN REDEVELOPMENT PLAT
(SHOPKO/NORWEST BANK)
THE CITY COUNCIL OF THE CITY OF HUTCHINSON, MINNESOTA ORDAINS:
S ection . Notice of hearing was duly given and publication of said hearing was duly made
and was made to appear to the satisfaction of the City Council that it would be in the best interests
of the City to vacate the drainage and utility easements located in the Hutchinson Downtown
Redevelopment Plat (Shopko).
S ection 2. That the drainage and utility easements to be vacated are described as follows:
South 28.5' of the North 82.5' of the West 200' of Lot 1, Block 1,
Hutchinson Downtown Redevelopment Plat, except the Westerly
• 10' thereof
Section 3 . This ordinance shall take effect from and after passage and publication.
Adopted by the City Council this 9th day of December, 1997.
Marlin Torgerson
Mayor
ATTEST:
Gary D. Plotz
City Administrator
•
RESOLUTION NO. 10950
ACCEPTING PLEDGED SECURITIES
FROM CITIZENS BANK & TRUST CO., HUTCHINSON, MN
WHEREAS, Citizens Bank & Trust Co. of Hutchinson, Minnesota,
a city depository, has requested the addition of the following
security under the collateral agreement with the City of
Hutchinson:
U S Treasury Note 2 -28 -99 912872P22 $1,000,000
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUTCHINSON,
MINNESOTA:
THAT the City Finance Director be authorized to accept the
securities.
• Adopted by the City Council this 9th day of December, 1997.
Marlin Torgerson
Mayor
ATTEST:
Gary D. Plotz
City Administrator
r 1
u
CITY OF HUTCHINSON
RESOLUTION NO. 1o9si
1998 TAX LEVY FOR CITY OF HUTCHINSON, MINNESOTA
• BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUTCHINSON,
MINNESOTA
THAT a PRELIMINARY NET ( after HACA deductions) tax levy for the City of Hutchinson
for 1998 is hereby set in the amount of $2,700,071
The detail for this levy is as follows:
Before After
HACA HACA HACA
General 2,063,640
Library 7,000
Armory 25,186
HRA
Total General Fund 2,095,826 568,972 1,526,854
General Obligation Bond
Library
93,600
22,542
71,058
Recreation Building
64,300
15,486
48,814
H.A.T. Facility
154,000
37,088
116,912
Total General Obligation Bon
311,900
75,116
236,784
• Improvement Bonds
1987
25,000
6,021
18,979
1988
122,800
29,574
93,226
1989
83,200
20,037
63,163
1990
200,000
48,167
151,833
1991
102,200
24,613
77,587
1992
143,000
34,439
108,561
1993
105,600
25,432
80,168
1994
166,100
40,002
126,098
1995
180,000
43,350
136,650
1996
105,600
25,432
80,168
Total Improvement Bond
1,233,500
297,067
936,433
TOTAL TAX LEVY
3,641,226
941,155
2,700,071
Adopted by the City Council this 9th day of December 1997
Marlin Torgerson
Mayor
ATTESTED:
W ary D. Plotz
City Administrator
APPLICATION FOR s LMOVnL ____PST
T/tAs . _CITY COUNCIL
40 the ...... __ G. ITX....... .................... ._ .... ._ ....... ..... ... of- .._HIffCHINSON._ .. __.. ._ . _... _.._.......... ..... _.........__.in the County of
... ...... _ .......... M.0 .... I . 0 ...................... ............................... State of Minnesota:
undersigned owner whose address
i n -
REMOVE SNOW WITH
.... ............................... _ ..
keroby applies for a permit to ......... PLOW AND
upon that certain trout of land described as foliowe: Lot ........
plator addition ........................ .................. .................... ..........................; add
which to of the following size and area; width _. ....... .... ... ... ....
area WITHIN THE CITY LIMITS
.................... ; . l ......... . ........................ __.. .... .. ;
..........." feet; length .... ......... ........... ... I .... ._...... feet;
..... ............. . ............................................. _ ............ .............. _ ......................................................... _ ................ ._ ........... ..
and hereby agrees that, in case such permit is granted, that all work which shall be done and all
materials which shall be used shall comply with the plans and spedfloattons therefor herewith submitted
and with all the ordinances of sa ... CITY OF HUTCHINSON
applicable thereto,
...... ...............................
- pplioant further agrees to pay fees or assessments at the time and In the amounts specified as
follows:
....Q _ ..................... _ .... I ...... .......... .
................................................. ...............................
a
PAID ...................__ .....
;ov 2 0 1991
City of HUIChInSO
•
APPLICATION FOR -sNO-w PEMOVAL
2,0 the ...._CITY
COUNCIL
— -------- -- . ........ . .... ..............
.......
of 014 .....
.... CITY ... ............................
- f N 0
....... INS
x .... . ........................ . . . .............. .................. . ............
in the County of
.....................
LE.Q.-V .... .... .... . . ..
. ......................... State of Minnesota,:
The
undersigned owner
who" addre" is ......
... .......
f� tom ... . . . . . ...... ................. ....... hereby app U" f a pmn t
AND ..........
REMOVE
.......... I .......................
SNOW WITH
............... . ................... Sao
........ .... I ....... ............ ... ... . . .. ...............
—.* ... .. ................
upon that certain tract of land described as follows: Lot... ............ .......... ..................... ; Block ........................... ...... ... . . ....
plat addition... ................ ......................... ........ ........ .... ............ .. .. ; addrem. ........................... . ............... ..... ... ........... .. . ....
which 1 8 Of the following size and area; width ..........._ . ..... ......... . .. .. ........ fed; length. .......- ....__........_........ . feet;
area ....... WITHIN THE CITY LIMITS
. .................... .......................... . ..................... . ....... .... - ............ ..... ... . ............... . ... . ...................................... . ............ . I ... ... .....
and hereby agrees that, in case such Permit is granted, that all work which shall be done and all
materials which shall be used shall comply with the plans and specification therefor herewith submitted
and with 411 the ordinanom of oald ......... C17 ... HUTCHINSON
applicable .......... ......... ............ ................ ............. ................. ....... . ......................... .....
PAID
DEC � 1997
City of Hutchinson
0
RECEIVED
•
U
ARNOLD, ANDERSON & DOVE
PROFESSIONAL LIMITED LIABILITY PARTNERSHIP
ATTORNEYS AT LAW
-- 101 - PARK PLACE
HUTCHINSON; MIN NESOTA 55350 -2563
-- - - (320) 587 -7575
FAX (320) 587 -4096
RESIDENT ATTORNEY
G. BARRY ANDERSON
Marilyn Swanson
Administrative Secretary
City of Hutchinson
Hutchinson City Center
I l 1 Hassan Street S.E.
Hutchinson, Mn. 55350
Please have them executed and returned as soon as possible. I would like to have these documents formally
approved by the City Council at its December 9 meeting. This means that Marilyn needs to have these
documents by December 4, 1997.
F1 IT o
is
DAVID B. ARNOLD'
STEVEN A. ANOER50N
G. BARRY ANDERSON
LAURA K. FRETLAND
PAUL D. DOVE"
JANE VAN VALKENSURG
RICHARD G. McGEE
CATHRYN D. REHER
WALTER P. MICHELS, III
'ALSO AOM17TED IN TE% S ANO NEW ♦OFM
Mr. Jim Oskey
Shopko Stores, Inc.
700 Pilgrim Way
P.O. Box 10960
Green Bay, Wisconsin 54307 -9060
Re: Shopko/Nor%est Transaction
Our File No. 3244 -97116
Dear Jim.
November 26, 1997
DEC 9 1997
CITY OF HUTCHiNSON
OF COUNSEL
ARTHUR L. DOTEN
TERRI A. SLOMFELT
5881 CEDAR LAKE ROAD
MINNEAPOLIS, MINNESOTA 55416
(612) 545 -9000
FAX (612) 545 -1793
FAX (612)542 -9210
501 SOUTH FOURTH STREET
PRINCETON, MINNESOTA 55371
(612) 389 -2214
FAX (612) 389 -5506
Enclosed are four copies of the proposed Amendment to Cross Easement Agreement as discussed
yesterday. Please arrange for signatures on all four copies and return all four to the following address:
Very truly yours
D ANDERSON & DOVE, PLLP
7Pry Anderson
GBA:hn
Enclosures
CC J' n Marka
`Marilyn Swanson
Gary Plotz
Jim Quinlin
CERTIFIED AS A CIVIL TRIAL SPECIALIST BY THE MINNESOTA STATE BAR ASSOCIATION - 74,
I
"CERTIFIED AS A REAL PROPERTY LAW SPECIALIST BY THE MINNESOTA STATE BAR ASSOCIATION
AMENDMENT TO CROSS EASEMENT AGREEMENT
THIS AMENDMENT -TO CROSS EASEMENT AGREEMENT is made and entered into
by the City of Hutchinson, a Nliinnesota municipal corporation ( "Hutchinson ") and by Shopko Stores,
Inc., a Ninnesota corporation ( "Shopko ").
RECITALS:
1. As part of a redevelopment project, the parties hereto entered into a Cross Easement
Agreement a true and correct copy of which is attached hereto, marked as Exhibit "A" and
incorporated as if fully set out herein.
2. Said Agreement imposes upon Shopko the requirement to maintain approximately 400
parking spaces based upon Hutchinson's parking ordinance which was in effect at the time the parties
entered into the Agreement. Shopko is in compliance with said ordinance.
3. Shopko desires to sell to another party, specifically Norwest Bank Minnesota, certain
property located within the existing Shopko parking lot which will reduce the parking available to
Shopko.
4. Hutchinson enters into this Amendment to Cross Easement Agreement for the purpose of
permitting a reduction in the amount of parking stalls which Shopko is required to maintain provided,
however, that Shopko remains in compliance with the existing municipal parking ordinance, and •
notwithstanding the foregoing, Hutchinson acknowledges this reduction in the amount of parking
spaces pursuant to this Agreement keeps Shopko in compliance with existing municipal parking
ordinances.
5. The parties hereto also desire to address certain issues relating to the parking requirements
for Hutchinson property located adjacent to the Shopko property.
6. The City of Hutchinson is the owner of property legally described as follows:
Lot 2, Block 1, Hutchinson Downtown Redevelopment Plat, according to the plat of record.
7. Shopko Stores, Inc. is the owner of certain property legally described as follows:
Lot 1, Block 1, Hutchinson Downtown Redevelopment Plat, according to the plat of record.
NOW THEREFORE, IT IS AGREED by and between the parties as follows:
1. PARKING REQT9REMENTS Section 6.03 of the Cross Easement Agreement, attached
hereto and marked as Exhibit "A" and incorporated as if fully set out herein, is hereby deleted. The
parties agree that there shall be maintained on the Shopko site at least 320 parking spaces (inclusive
of parking spaces, if any, within the seasonal lawn and garden area and Norwest Bank Minnesota
South, N.A. facility and parking space attributable to the Hutchinson property). Both parties agree - -.
�,— A
• that maintenance of 320 parking spaces by Shopko Stores, Inc. meets all requirements of local
ordinance regarding parking requirements as said requirements now exist. Shopko agrees that when
and if Hutchinson develops its property as described above, at least 63 parking spaces, as required
by Hutchinson ordinance, will be attributed to or available for use by the then owners or lessees of
the property. It is understood and agreed that if less intensive use of the property is planned by
Hutchinson, the number of parking spaces attributed or available for Hutchinson's use shall be
reduced accordingly. The parking stalls reserved for Hutchinson's use shall be located as close as
possible to the Hutchinson property, described as generally in the southeast corner of the existing
Shopko parking lot.
2. REAFFIRMATION. The parties hereto reaffirm, except as amended above, the balance
of the Cross Easement Agreement by and between the parties, and reassert the same as if fully set out
herein, including but not limited to the use restrictions set forth in Article 6 of said Agreement which
prohibit the use by Hutchinson of its site for a general merchandise discount department store,
pharmacy, drug store, dental clinic or optical center.
3. COUNTERPART This Agreement may be executed in counterpart.
IN WITNESS WHEREOF, the parties hereto have set their hands the year and date first
above written.
SHOPKO STORES, INC.
•
In
Its:
!n
CITY OF HUTCHINSON
Marlin Torgerson, Mayor
Attest:
Gary D. Plotz, City Administrator
•
STATE OF MINNESOTA)
) SS.
COUNTY OF McLEOD )
On this _ day of , 1997, before me a Notary Public, personally
appeared the of Shopko Stores, Inc.,
a Minnesota municipal corporation, who acknowledge that he executed the same on behalf of the
corporation.
Notary Public
STATE OF MINNESOTA)
) SS.
COUNTY OF McLEOD )
On this day of 1997, before me a Notary Public, personally appeared
Marlin Torgerson and Gary D. Plotz, Mayor and City Administrator for the City of Hutchinson, a
Minnesota municipal corporation, and, acknowledge that they executed the above instrument on
behalf of the municipal corporation.
Notary Public
THIS INSTRUMENT WAS DRAFTED BY:
G. Barry Anderson
ARNOLD, ANDERSON & DOVE, PLLP
101 Park Place
Hutchinson, Mn. 55350
Telephone (320) 587 -7575
Attorney I.D. No. 196X
N
•
•
•
ASSESSMENT AGREEMENT
BETWEEN LOCAL UNIT AND COUNTY
THIS AGREEMENT is made and
• of Hutchinson and the Cou:
1st day of January
WHEREAS, the City
office of assessor for said
Statutes, Section 273.072, and enter
to provide for the assessment of the
county assessor: and
entered into by and between the City
icy of McLeod State of Minnesota, this
19
_ of Hutchinson wishes to abolish the
, under the provisions of Minnesota
into an agreement with the County of McLeod
property in said City by the
WHEREAS, it is the wish of said county to cooperate with said City
to provide for a fair and equitable assessment of property;
NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS HEREIN CONTAINED,
IT IS AGREED AS FOLLOWS:
1. That the City of Hutchinson which lies within the
County of McLeod and constitutes a separate assessment district,
shall have its property assessed by the county assessor of McLeod County,
beginning with the assessment of the year 19 98 , providing this agreement is
approved by the Commissioner of Revenue of the State of Minnesota.
2. It is further agreed that the office of local assessor of the City
of Hutchinson is hereby abolished, pursuant to this agreement and the
approval of the Commissioner of Revenue, and that such office shall cease to exist
for the duration of this agreement, which shall be until December 31 19 9$
• 3. In consideration for said assessment services, the City of
Hutchinson hereby agrees to pay the County of McLeod the annual sum of
$29.869.00 such payment to be made to the county treasurer on or before
December 1. 1998 4,667 parcel ® $ 6.40
IN WITNESS WHEREOF, the parties have executed this agreement this
day of 19
In Presence Of: For City or Township
Signed:
In Presence Of:
•
By
Attest
For County:
Signed:
By
Attest
The above agreement is hereby approved by the Commissioner of Revenue this
day of , 19
f
Jim Girard, Commissioner_ of Revenue
November 17, 1997
Engineers
Architects
Planners
Surveyors
IC �I
1922 -1997
•
Mr. John Rodeberg
City of Hutchinson
111 Hassan Street S.E.
Hutchinson, MN 55350 -2522
Re: Proposal for Construction Inspection and Survey Services
for the Fifth Avenue Bridge in Hutchinson, Minnesota
OSM Proposal No. P0233.97
Dear Mr. Rodeberg:
OSM is pleased to present this proposal for the Construction Inspection and Survey
Services for the Fifth Avenue Bridge.
Attached is a detailed breakdown of tasks and estimated hours for the Surveying for
the Bridge Construction, the Surveying for the Roadway Construction, and the
Construction Inspection of the Bridge. Also attached are the Construction Inspection
Assumptions.
We propose our services on a basis of cost plus expenses, based on a multiplier of
225 times the salary payroll cost of the individual involved in the project, plus expenses
such as travel, long distance telephone calls, CADD time, etc. Please refer to the
attached 1997 Fee Schedule of average rates. Please be advised this Fee Schedule
will be updated in 1998 to reflect our new rates. We will invoice monthly with a detailed
invoice indicating the names of our personnel, the assigned project tasks and the hours
worked. We will not exceed our estimated total project cost without your prior
authorization.
J
fI .
We estimate the cost of our services to be as follows:
Surveying for Bridge Construction
Surveying for Roadway Construction
6 Bridge Construction Inspection
Expenses
Estimated Total
$ 50,716
19,676
54,352
3.000
$127,744
We propose that Bob Kilgore be assigned as Project Manager, Jeff Michniewicz be
assigned as Construction Inspector, and Al Horge as the Lead Surveyor.
We greatly appreciate the opportunity to present this proposal for your consideration. If
you find this proposal acceptable, please return one signed original for our files. We
are prepared to start immediately.
300 Park Place East
5775 Wayzata Boulevard
Minneapolis, MN 55416 -1228
912 -595 -5775 FAX 812 - 5953773 14KW- 753 -5775
Mr. John Rodeberg
City of Hutchinson
November 17, 1997
Page 2
R you have any questions or require additional information, please feel free to call.
Thank you.
Sincerely,
Orr- Schelen- Mayeron
& Associates, Inc.
J14dl-"4-jk
Bob Kilgore, P.E.
Vice President
City of Hutchinson
John Rodeberg
City of Hutchinson
Attachment
c: Ed Ames, OSM
Al Horge, OSM
Jeff Michnlewicz, OSM
Accounting
File
•
h:�apoetlWma�pdtJJ97�ct
City of Hutchinson
OSM Proposal No. P0233.97
0
Survey Estimate for Bridge Construction
16 hours
3 Person Crew
$ 2,160
Horizontal - Vertical Control (Set in
Concrete)
20 hours
3 Person Crew
2,700
Construction Limits - T.E. t
130 hours
3 Person Crew
17,550
Working Points
Driving Piling - Abutment
Piling Cutoffs
90 hours
3 Person Crew
12,150
Piling Cutoffs - Pier Cap
50 hours
3 Person Crew
6,750
Setting Beams, Elevations
20 hours
3 Person Crew
2,700
Top Deck Elevations
20 hours
3 Person Crew
2,700
Sidewalk - Rail - Reset W.P.
10 hours
3 Person Crew
1,350
Bike Path
16 hours
Project Surveyor
1,120
Comps. - H -V
16 hours
CADD
752
CADD - Plots - Data Box, Etc.
8 hours
Senior Surveyor
784
Checks
Total
$50,716
• Survey Estimate for Roadway Construction
30 hours
3 Person Crew
$ 4,050
H -V Control, CL Slope Stakes
24 hours
3 Person Crew
3,240
Storm Sewer
20 hours
3 Person Crew
2,700
CL Sub. Grd.
30 hours
3 Person Crew
4,050
Curb - Gutter
20 hours
3 Person Crew
2,700
Path - Misc.
20 hours.
Project Surveyor
1,400
Comps.
16 hours
CADD
752
Plots - Data Box
8 hours
Senior Surveyor
784
Checks
Total
$19,676
Bridge Construction Inspection Estimate
•
796 hours
Construction Inspector
$49,352
Construction Inspection / Pile Driving
40 hours
Engineer
5,000
Coordination and Project Management
Total
$54,352
City of Hutchinson
OSM Proposal No. P0233.97
Construction Inspection Assumptions
Basis of Estimate:
• Assuming a 24 week construction period.
• Two (2) days a week inspection.
• Fourteen (14) days to drive piling.
• Sixteen (16) hours per month in office for processing paper work (Shop Drawings, Pile Driving,
Reports, etc.)
• Two (2) weeks (40 hours per week) for project close -out paper work. (Overall review for final
estimate, finalizing dam record accounts, material lab reports, pile driving reports, daily equipment
and water reports, field record documentation, etc.).
Duties - City Construction Ins or:
• Fills out corresponding MnDOT fors (pile driving reports, concrete reports, etc.).
• Keeps daily diary.
• Updates item record accounts, material on hand (CARRS System), updates project bluebooks.
• Collects invoices.
• Inspects materials when delivered for conformance to plans.
• Inspects for placement.
• Verifies quantities utilizing MnDOT 12 methods of measure.
• Coordinates concrete testing schedules.
• Relays contractors' construction questions.
• Reviews labor compliance, etc.
Fr 7
U
I�
L A
E
h:A opma6snu nvp013397,r&
1997 FEE SCHEDULE
Our services will be invoiced monthly on the basis of the actual hourly direct personnel cost of the
employee assigned to the project multiplied by 2.25 to determine the actual hourly fee. "Direct
Personnel Cost" is defined as salaries plus payroll burden and fringe benefits. For information
purposes the following schedule represents an average of the actual hourly fee.
Estimated
Labor Classifloation Hourly Rate
Principal
$115.00
Senior Registered Engineer, Architect, Planner, Surveyor
$110.00
Registered Project Engineer, Architect, Planner, Surveyor
$85.00
Project Engineer, Architect, Planner, Surveyor
$70.00
Engineer, Architect, Planner, Surveyor
$55.00
Senior Designer
$75.00
Designer, Level II
$85.00
Designer, Level 1
$55.00
Senior Technician
$55.00
• Technician, Level II
$45.00
Technician, Level 1
$40.00
3- Person Survey Crew /Per Person
$45.00
2- Person Survey Crew /Per Person
$51.00
Clerical
$30.00
Reimbursable expenses such as outside consultants, travel and lodging, mileage and parking, printing
and reproduction, permits, long- distance calls, postage and delivery, supplies, etc. will be billed at cost.
h:rprnpo U.an 023399.rtk J( /
C
•
Hutchinson Citv Center
111 Hessen Street SE
Hutchimwn, MN 55350 -2522
320.557- 5151/Fax 320 -234 -4240
DATE: December 2, 1997
TO: Mayor and City Council
FROM: Bonnie Baumetz, Planning and Zoning
SUBJECT: WAIVE $75.00 FEE FOR KNIGHTS OF COLUMBUS PORTABLE SIGN
CONDITIONAL USE PERMIT APPLICATION
• The Knights of Columbus are asking the City Council to waive the $75.00 fee for a
conditional use permit application to place a portable sign on the National Guard Armory
property from February 12 - 28 to advertise their fish fry. They stated all profits from the
event go back to organizations within McLeod County, 90% of which are in Hutchinson. A
request has been made to be placed on the Planning Commission agenda for
consideration of a Conditional Use Permit in January, 1998, provided the City Council
agrees to waive the fee.
I 1
LJ
Pr rrcd m rcrycicd paper-
Date Filed:
J �i 3 z o
I. Name of Applicant. r y / t y h f � C c) BEL S 2. Telephone No.: S S 7 - ,f / 9 3
na
3. Address of Applicant. u
P. o 6J a 1( (, ,Z,
4. Name of property Owner. AJAR < C t( A 2 �', 4 O m o r2 y
(if different from applicant)
5. Address of property Owner: /* w t! .2 Su u I` 14 �(y�
6. Legal Description of property Involved:
f 12 Z tJ e t1-/_
Property is ABSTRACT or TORRENS (circle one & attach copy of deed or certificate of title))
7. Street Address of Property Involved: O D W y '; �j
8. Present Zoning District:
10. Present Use of Property: N-c
�. Proposed Use of Property: _
Description of Request: t tc
9. Section of Zoning Ordinance Authorizing Conditional Use: W
M
r
LY-1 4 ik of
I ZQ -+ i ON
13. What will be the effect of the proposed use on health, safety, and welfare of the occupants of the surrounding land
14. What will be the effect on existing and anticipated traffic conditions, including parking facilities on adjacent streets ?:
01 iF
15. What will be the effect on property values in the surrounding area ?:
16. What will be the effect of the proposed use on the comprehensive plan?:
(> ( N-
11
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MF 1 tLL. JJLAllLLNE: On or before the last working day of th e month (includin scale site Dian).
Couditional Use Permit Application
Page 2
How will the proposed development be designed, arranged, and operated in order to permit the development and use of neighboring
property in accordance with the applicable district regulations ?:
18. Acknowledgement and Signature: I hereby certify that I have completed, read and examined this application and know the
same to be true and correct I accept responsibility for compliance with all applicable laws and City Provisions, including
those noted on the City Engineer's Report, survey, plan review notes and representation or lack of representation of setbacks,
easements and property lines. The granting of this permit does not presume to give authority to violate or cancel the provision
of any other State or local law regulating construction or the performance of construction.
Legal property owner signature required:
To be completed by staff:
Property Identification No.:
z4 7 7
�-e--
0 CITY OF HUTCHINSON
MEMO
Finance Department
December 5, 1997
• • M •q
FROM: KEN MERRILL FINANCE DIRECTOR
SUBJECT: WATER /SEWER /REFUSE CONVERSION TO MONTHLY BILLING
Our directive this year has been to convert billing of
water /sewer /refuse from a quarterly bill to a monthly bill. We
will review how this conversion process will be implemented with
the council and public Tuesday night.
• At this same time garbage and water rates are scheduled to change
due to the following:
Aagard cost of living adjustment
Garbage tax rate change
Water rate increase (Rust commissioned rate
study)
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•
BG
ROUTE #'S
LAST BILL
READING
BILLING
BELLL\G RUN
#DAYS TO
DATE
DATE
DATE
DATE -
BE BILLED
APPRO%LMATE
1
1 -29
9/30/97
12/1/97-
12/31/97
1/5/98
92
12/5/97 &
12/15/97-
12/19197
3
10-19
11/30/97
12/15/97 -
1/5/98
1/10/98
36 *
12/19/97
2
20-29
10/31/97
1/5/98-
1/20/98
1/25/98
81 *
1/9/98
5
10-19
12/31/97
1/19/98-
2/5/98
2/10/98
36 *
1123/98
3
10 - 19
1/5/98
1/19/98-
2/5/98
2/10/98
31
1/23/98
2
20-29
1/20/98
2/9/98-
2/20/98
2!25198
3I
2/13/98
6
20-29
12/31/97
2/9/98-
2/20198
2/25/98
51
2113/98
* - Indicates non - standard billing lengths where special rate tables will be set up to be used only for this
billing
Cl
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CITY OF HUTCHINSON
RESOLUTION NO. 10952
RESOLUTION ADOPTING THE GENERAL FUND BUDGET FOR FISCAL YEAR 1998
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUTCHINSON, MINNESOTA:
THAT the annual General fund budget of the City of Hutchinson for the fiscal year 1998, which
has been submitted by the City Administrator and approved by the City Council is hereby Adopted: the
total of said budgets and major division thereof being as follows:
REVENUES AVAILABLE
CURRENT REVENUE
Taxes
$1,538,854
Licenses
25,250
Permits
170,050
Intergovernmental Revenues
2,536,051
Charges for Services
1,143,074
Fines & Forfeits
66,000
Interest
100,000
Surcharges
1,000
Transfers
1,181,500
Reimbursements
37,500
Sales
8,300
TOTAL AVAILABLE
$6,807,579
REQUIREMENTS
APPROPRIATIONS
• Personal Services
$4,353,771
Supplies
346,457
Consulting
316,393
Other Services & Charges
1,128,460
Miscellaneous
101,779
Capital Outlays
129,800
Debt Service
87,134
Transfers out
325,735
Other Expenses
18,050
Total Appropriations
$6,807,579
This resolution also authorizes establishment of budgeted cost of living adjustment of 2 % and
performance adjustments as outlined and following adopted City Council policies
Adopted by the City Council this 9th day of December 1997
Marlin Torgerson
Mayor
ATTESTED:
Gary D. Plotz ,
City Administrator
RE0E-1W-M
0
ARNOLD, ANDERSON & DOVE
PROFESSIONAL LIMITED LIABILITY PARTNERSHIP
ATTORNEYS AT LAW
DAVID B. ARNOLD
STEVEN A. ANDERSON
G. BARRY ANDERSON
LAURA K. FRETLAND
PAUL D. DOVE
JANE VAN VALKENBURG
RICHARD G. McGEE
CATHRYN D. REHER
WALTER P. MICHELS, III
'ALSO ADMITTED IN TEXAS AND N! YORK
101 PARK PLACE
HUTCHINSON. MINNESOTA 55350 -2563
(320) 587 -7575
FAX (320) -587 -4096
RESIDENT ATTORNEY
G. BARRY ANDERSON
December 4, 1997
Mr. Gary D. Plotz
City Administrator
Hutchinson City Center
111 Hassan Street S.E.
Hutchinson, Mn. 55350
Re. Plastic Specialties
Our File No. 3244 -97106
F
1
L
Dear Gary.
DEC 4 1997
C1T4 j� HUTCHASON
OF COUNSEL
ARTHUR L. DOTEN
TERRI A. BLOMFELT
5881 CEDAR LAKE ROAD
MINNEAPOLIS, MINNESOTA 55416
(612) 545 -9000
FAX (612) 545 -1793
FAX (612) 542 -9210
501 SOUTH FOURTH STREET
PRINCETON, MINNESOTA 55371
(612) 389 -2214
FAX (612) 389 -5506
On Friday, November 21, 1997, I had a telephone conference with Tim Ulrich regarding the status
of Plastic Specialties, LLC. As you know, the building project on the Plastic Specialties site has
turned out to be a much larger building than originally planned. The present status of security on the
project is that the first mortgage is held by Citizens Bank & Trust Company in the approximate
amount of $348,000 and that mortgage is participated out to various banks in the area. The second
mortgage is in favor Southwest Minnesota Foundation and the City which share equally the second
position, $100,000 for Southwest Minnesota and $79,000 for the City of Hutchinson.
As a result of the expansion of the building project, Citizens Bank & Trust has contacted the City and
requested that the City and the Southwest Minnesota Foundation subordinate its present position
(without making any additional loan) so that Citizens Bank can loan an additional $260,000 on this
project. When all the dust settles, the building, which has an appraised value of $975,000, should be
sufficient collateral on the total amount of $787,000. Tim Ulrich, who serves on both the Southwest
Minnesota Foundation Board (which has already approved subordination) and also represents
Citizens Bank on this transaction, indicates that the loan to value ratio is actually better on the new
transaction than on the old transaction.
C �
J
Based on the numbers provided by Citizens Bank, the loan to value ratio on the original transaction
was 88% and the loan to value ratio on the proposed transaction is 80 %. A cautionary note here is
that the value of $975,000 on the building is driven in part by the proposed use and the building may
CERTIFIED AS A CIVIL TRIAL SPECIALIST BY THE MINNESOTA STATE BAR ASSOCIATION
ri
'CERTIFIED AS A REAL PROPERTY LAW SPECIALIST BY THE MINNESOTA STATE BAR ASSOCIATION
Mr. Gary D. Plotz
December 4, 1997 ,
Page 2
not bring quite that amount if the present tenants are not occupying it.
I indicated to Tim that the request did not seem unreasonable and that I would make the request in
a timely manner to the City Council so that it could be considered at its first meeting in December.
Accordingly, I would ask that you place this on the agenda as a discussion item. Thank you. Best
regards.
Very truly yours,
ARN LD, ANDE,{SON & DOVE, PLLP
Y� ' r`
'Barry Anderson �w
GBA1m
CC Tim Ulrich
Richard Lennes
9
P
a CITY OF HUTCHINSON
MEMO
r
u
F
Finance Department
December 5, 1997
TO: MAYOR & CITY COUNCIL
SUBJECT: AWARD OF HOSPITAL REFUNDING BONDS
Steve Apfelbacher, Ehlers Associates, will be opening bids for the
hospital refunding bonds Tuesday morning. The necessary audit
reviews will be undertaken following the opening and should be
completed in time to award during the meeting Tuesday evening.
We will have the resolution at that time which will award the sale
of the bonds.
12/04/97 14:34 EF REF: NOOU9727.0001 FRANDYS TO:6123390854 Page 1 of 2
ATTN: Mr. Steve Apfelbacher
E and Associates, Inc.
MOODY'S ASSIGNS BAAIRATING TO HUTCHINSON (CITY OF) MN GENERAL OBLIGATION
MEDICAL FACILITIES REVENUE REFUNDING BONDS, SERIES 1997B, 1998A AND 1998B
Hutchinson (City of) MN
Municipality
Minnesota
Moody's Rating
Issue
General Obligation Medical Facilities Revenue Refunding
Bonds, Series 1997B
Sale Amount $6,215,000.00
Expected Sale Date 12/09/97
Rating Description General Obligation /Hospital Revenue
General Obligation Medical Facilities Revenue refunding
Bonds, Series 1998A
Sale Amount $2,530,000.00
xpected Sale Date 12/09/97
sting Description General Obligation /Hospital Revenue
General Obligation Taxable Medical Facilities Revenue
Refunding Bonds, Series 1998E
Sale Amount $2,750,000.00
Expected Sale Date 12/09/97
Rating Description General Obligation /Hospital Revenue
Rating
Baal
Baal
Baal
NEW YORK, December 4, 1997 -- Moody's has assigned a Baal rating, with a
stable outlook to Hutchinson's $11,495,000 General Obligation Medical
Facilities Revenue Refunding Bonds, Series 1997B, 1998A and 1998B due to the
city's high debt burden, which has significant support from non -levy sources,
satisfactory financial position, and a steadily growing tax base.
HOSPITAL DEBT SELF SUPPORTING; HIGH DEBT BURDEN HAS SIGNIFICANT SUPPORT FROM
SPECIAL ASSESSMENTS; AGGRESSIVE PAYOUT:
Moody's expects the city -owned 66 -bed hospital to continue supporting hospital
general obligation debt due to demonstrated market demand and the hospital's
alliance with Allina Health System, a major multi - hospital system located in
the Twin Cities. Debt burden, at 9.1% is significantly higher than the median
of 3.3% for similarly sized cities. Direct debt at 5.0% is almost three times
the median of 1.7% and does not include the self- supporting hospital debt.
While debt service claims nearly a third of the operating budget, Moody's
expects that debt load will continue to be manageable given heavy support for
ge eraI obligation debt by special assessment revenues. The city is expected
t ntinue its practice of borrowing $1.5 to $2 million annually to fund
in astructure on land recently annexed to the city. Payout is aggressive at
94% within ten years.
MOODY'S EXPECTS CONTINUED TAX BASE GROWTH DUE TO EXPANSION OF EXISTING
BUSINESSES AND DEVELOPMENT OF ANNEXED LAND:
1204/91 14:34 ET REF: NOOD9727.0001 RAMS 70:6123390854
Page 2 of 2
Steady growth in taxable valuations, averaging 7.5% annually since 1992,
ects residential and commercial development as well as property
a eciation. Moody's expects continued growth due to planned expansions, as
well as ongoing development of land annexed over the past several years. The
city's local economy includes two relatively large employers, 3M and
Hutchinson Technology, which comprise 10.6% of the city's valuation and 28% of
the county's labor force. Hutchinson Technology recently announced a planned
expansion of its Hutchinson campus which may bring an additional 400 employees
to the area. Wealth indices for the city are moderately below state averages.
The September county unemployment level at 3.0% is below state levels.
SATISFACTORY FINANCIAL POSITION EXPECTED TO BE MAINTAINED DESPITE
STATE - IMPOSED LEVY LIMITS:
Financial position is satisfactory, evidenced by a General Fund balance at
year -end 1996 of 24.3% of revenues. City officials have consistently adhered
to their policy of maintaining a General Fund balance equal to 25 -27% of
expenditures. The 1997 fiscal year -end results are expected to be balanced.
Property tax levy limits established by the 1997 legislature permit a
significant 67 increase in the tax levy and therefore city finances are not
expected to be negatively impacted.
ANALYSTS:
Patricia South, Analyst, Public Finance Group, Moody's Investors Service
Dianne Golub, Backup Analyst, Public Finance Group, Moody's Investors Service
K ACTS:
nalists: (212) 553 -0376
Research Clients: (212) 553 -1625
•
Chart 5
Percent YIELD CURVE
7.4
72
7.0
8.8
6.6
8.4
62
6.0
5.8
5.6
5.4
5.2
SO
April 14,1997
September 30,1997
October 31, 1997
0 5 10 15 20
Souce: Federal Reserve Board Years to Maturity
25 30
0
The spread between 2 -year
treasuries and 30 -year bonds is
only 35 basis points, the
narrowest in almost three
years. -
•
Chart 6
MOODY'S BAA LESS AAA 20 YR
Basis Points MUNICIPAL BOND
140
120
100
80
6o
40
20
MON* Data _
0
84 85 86 87 88 89 90 91 92 93 94 95 96 97
Quality spreads in the muni
market have continued to
narrow. The major forces
behind this narrowing include
the perception of insignificant
credit risk, prevalence of bond
insurance, reduced availability
of higher yielding, marginal
credits and the tendency for
individual investors to reach for
yield in a falling rate
environment.
Lary J. Npf
4of4
Bond Index
0 BID TABULATION
$2,530,000• General Obligation Medical Facilities
Revenue Refunding Bonds, Series 1998A
City of Hutchinson, Minnesota
SALE: December 9, 1997
AWARD DAIN BOSWORTH, INC.
RATING FSA Insured (Moody's Investors Service "Aaa')"
BBI: 5.25%
NET TRUE
NAME OF BIDDER RATE YEAR PRICE INTEREST INTEREST
COST RATE
DAIN BOSWORTH, INC.
4.40%
1999 -2005 $2,503,790.35
Minneapolis, Minnesota
4.45%
2006
4.50%
2007
4.55%
2008
4.65%
2009
4.70%
2010
4.%
2011
•
4.8080%
2012
4.875%
2013
FBS INVESTMENT SERVICES, INC.
3.90%
1999 $2,500,525.50
AN OPERATING DIVISION OF U.S. BANCORP INVESTMENTS, INC.
4,00%
2000
Minneapolis, Minnesota
4.10
2001
NORWEST INVESTMENT SERVICES, INC.
4.20%
2002
Minneapolis, Minnesota
4.25%
2003
John G. Kinnard & Company
4.30%
2004
Miller & Schroeder Financial, Inc.
4.35%
2005
4.45%
2006
4.50%
2007
4.55%
2008
4.65%
2009
4.75%
2010
4.80%
2011
4.85%
2012
4.90%
2013
$1,187,246.98 4.7723%
$1,189,118.75 4.7782%
'Subsequent to bid opening the issue size was increased to $2,535,000 with the 2003 maturity increased $5,000 to $150,000 in maturity
value.
Adjusted Price - $2,508,738.55
Adjusted Net Interest Cost - $1,188,523.45
Adjusted TIC - 4.7721 %
II&A insurance purchased by Dain Bosworth, Inc.
Ban mim ..te�aa
/fDDI ommr 1W. 2950 N ev e Center
90 South Seventh Street
Minneapolis, MN 554024100
*LEADERS IN PUBLIC FINANCE
(612) 3388291 FAX (612) 339 -0854
$2,530,000' General Obligation Medical Facilities Revenue Refunding Bonds, Series 1998A
City of Hutchinson, Minnesota Page 2
NET TRUE
NAME OF BIDDER RATE YEAR PRICE INTEREST INTERE�
COST RATE
SMITH BARNEY, INC.
3.90%
1999
$2,498,841.15 $1,192,024.18
4.7929
Chicago, Illinois
4.00%
2000
CRONIN & COMPANY, INC.
4.10%
2001
Minneapolis, Minnesota
4.20%
2002
4.30%
2003
4.35%
2004
4.40%
2005
4.45%
2006
4.50%
2007
4.60%
2008
4.65%
2009
4.70%
2010
4.80%
2011
4.85%
2012
4.90%
2013
PIPER JAFFRAY INC.
4.00%
1999
$2,493,022.85 $1,193,234.98
4.8069%
Minneapolis, Minnesota
4.10%
2000
WACHOVIA BANK OF NORTH CAROLINA, N.A.
4.15%
2001
Winston - Salem, North Carolina
4.20%
2002
COMPASS BANK
4.30%
2003
Birmingham, Alabama
4.35%
2004
4.40%
2005
4.45%
2006
4.50%
2007
4.60%
2008
4.65%
2009
4.70%
2010
4.75%
2011
4.80%
2012
4.85%
2013
PRUDENTIAL SECURITIES, INC.
4.00%
1999
$2,489,520.00 $1,193,829.58
4.8125%
Chicago, Illinois
4.05%
2000
ABN AMRO CHICAGO CORPORATION
4.15%
2001
Chicago, Illinois
4.25%
2002
MORGAN STANLEY DEAN WITTER
4.30%
2003
Chicago, Illinois
4.35%
2004
CIBC OPPENHEIMER & COMPANY, INC.
4.40%
2005 -2007
New York, New York
4.50%
2008
4.60%
2009
4.70%
2010
4.80%
2011-2012
4.875%
2013
•
$2,530,000' General Obligation Medical Facilities Revenue Refunding Bonds, Series 1998A
City of Hutchinson, Minnesota Page 3
NET TRUE
&E OF BIDDER RATE YEAR PRICE INTEREST INTEREST
COST RATE
J.C. BRADFORD & CO. 4.625% 1999 -2012 $2,491,291.00
Nashville, Tennessee 4.75% 2013
NIKE SECURITIES L.P.
Lisle, Illinois
WILLIAM R. HOUGH & COMPANY
St. Petersburg, Florida
BETZOLD, BERG & NUSSBAUM, INC.
Itasca, Illinois
GRIFFIN, KUBIK, STEPHENS & THOMPSON, INC. 4.50%
Chicago, Illinois 4.625%
4.70%
4.75%
4.80%
4.875%
r�
LJ
1999 -2007 $2,495,291.80
2008
2009
2010
2011
2012 -2013
$1,198,636.92 4.8454%
$1,209,070.08 4.8724%
•
BID TABULATION
$6,215,000' General Obligation Medical Facilities
Revenue Refunding Bonds, Series 1997B
City of Hutchinson, Minnesota
SALE: December 9, 1997
AWARD SMITH BARNEY, INC.
RATING MBIA Insured (Moody's Investors Service, Inc.'Aaa')"
BBI: 5.25%
NET TRUE
NAME OF BIDDER RATE YEAR PRICE INTEREST INTEREST
COST RATE
SMITH BARNEY, INC.
3.90%
1999 $6,166,925.70 $4,081,029.29 4.9433
Chicago, Illinols
4.00%
2000
CRONIN & COMPANY, INC.
4.10%
2001
Minneapolis, Minnesota
4.20%
2002
4.30%
2003
4.35%
2004
4.40%
2005
4.45%
2006
4.50%
2007
4.60%
2008
4.65%
2009
4.70%
2010
5.00%
2011 -2017 Term "'
DAIN BOSWORTH, INC.
4.40%
1999- 2005 $6,170,507.65 $4,081,936.98 4.9444%
Minneapolis, Minnesota
4.45%
2006
4.50%
2007
4.55%
2008
4.65%
2009
4.70%
2010
5.00%
2011 -2017 Term
'Subsequent to bid opening the issue size was increased to $6,235,000 with the 2017 term bond increased $20,000 to $3,740,000
(the 2017 sinking fund maturity amount was increased to $740,000).
Adjusted Price - $6,186,771.00
Adjusted Net Interest Cost - $4,100,436.77
Adjusted TIC - 4.9438%
"MBIA insurance purchased by Smith Barney, Inc.
"'$3,740,000 Term Bond due April 1, 2017 with mandatory redemption in 2011 -2016
2950 Norwest Center
Oftin and . M`. 90 South Seventh Street
Minneapolis, MN 554024100
L E A D E R S I N P U B L I C F I N A N C E (612) 339 -6291 FAX (612) 339-0654
$6,215,000` General Obligation Medical Facilities
Revenue Refunding Bonds, Series 1997B
NET TRUE
NAME OF BIDDER RATE YEAR PRICE INTEREST INTEREST
COST RATE
PIPER JAFFRAY INC.
4.00%
1999
$6,167,330.95 $4,084,544.06
4.9478%
Minneapolis, Minnesota
4.10%
2000
WACHOVIA BANK, N.A.
4.15%
2001
Winston - Salem, North Carolina
4.20%
2002
COMPASS BANK
4.30%
2003
Birmingham, Alabama
4.35%
2004
4.40%
2005
4.45%
2006
4.50%
2007
4.60%
2008
4.70%
2009
4.75%
2010
5.00%
2011 -2017 Term
PRUDENTIAL SECURITIES, INC.
4.00%
1999
$6,115,560.00 $4,119,621.10
5.0133%
Chicago, Illinois
4.05%
2000
ABN AMRO CHICAGO CORPORATION
4.15%
2001
Chicago, Illinois
4.25%
2002
�MORGAN STANLEY DEAN WITTER
4.30%
2003
Chicago, Illinois
4.35%
2004
?CIBC OPPENHEIMER & COMPANY, INC.
4.40%
2005 -2007
New York, New York
4.50%
2008
4.60%
2009
4.70%
2010
4.75%
2011
4.80%
2012 -2013
5.00%
2014 -2015
5.10%
2016 -2017 Term
FBS INVESTMENT SERVICES, INC.
3.90%
1999
$6,117,974.55 $4,120,619.80
5.0144%
AN OPERATING DIVISION OF U.S. BANCORP
4.00%
2000
INVESTMENTS. INC.
4.10%
2001
Minneapolis, Minnesota
4.20%
2002
NORWEST INVESTMENT SERVICES, INC.
4.25%
2003
Minneapolis, Minnesota
4.30%
2004
John G. Kinnard & Company
4.35%
2005
Miller & Schroeder Financial, Inc.
4.45%
2006
4.50%
2007
4.55%
2008
4.65%
2009
4.75%
2010
4.80%
2011
4.85%
2012
4.90%
2013
5.DO%
2014 -2016
5.10%
2017
0
$6,215,000' General Obligation Medical Facilities
�renue Refunding Bonds, Series 1997B Page 3
w NET TRUE
NAME OF BIDDER RATE YEAR PRICE INTEREST INTEREST
COST RATE
J.C. BRADFORD & CO.
Nashville, Tennessee
NIKE SECURITIES L.P.
Lisle, Illinois
WILLIAM R. HOUGH & CO.
St. Petersburg, Florida
BETZOLD, BERG & NUSSBAUM, INC.
Itasca, Illinois
GRIFFIN, KUBIK, STEPHENS &
THOMPSON, INC.
Chicago, Illinois
PAINEWEBBER, INC.
Chicago, Illinois
i
4.75%
4.80%
4.875%
4.875%
4.75%
4.80%
4.875%
4.90%
5.00%
4.00%
4.10%
4.50%
4.55%
4.65%
4.75%
4.65%
4.95%
5.00%
5.10%
1999 -2005
2006
2007 -2014
2015 -2017 Tenn
1999 -2005
2006.2012
2013
2014
2015 -2017
1999
2000
2001 -2006
2007
2008
2009
2010
2011
2012 -2015
2016 -2017
$6,115,560.00
$6,115,560.00
$6,122,826.10
$4,118,008.47
$4,151,301.33
$4,172,932.80
5.0321%
5.0673%
5.0801%
0
BID TABULATION
• $2,750,000' General Obligation Taxable Medical Facilities
Revenue Refunding Bonds, Series 1998B
City of Hutchinson, Minnesota
SALE: December 9, 1997
AWARD DAIN BOSWORTH, INC.
RATING FSA Insured (Moody's Investors Service"Aaa ")" BBI: 5.25%
NET TRUE
NAME OF BIDDER RATE YEAR PRICE INTEREST INTEREST
COST RATE
DAIN BOSWORTH, INC. 6.50% 1999 - 2006 $2,715,938.40 $1,716,354.27 6.7895%
Minneapolis, Minnesota 6.55% 2007
6.60% 2008
6.65% 2009
6.65% 2011- 2013Teml
FBS INVESTMENT SERVICES, INC. 6.00% 1999 $2,706,000.00 $1,718,038.00 6.8019%
AN OPERATING DIVISION OF U.S. BANCORP 6.05% 2000
INVESTMENTS, INC. 6.15% 2001
Minneapolis, Minnesota 6.25% 2002
RWEST INVESTMENT SERVICES, INC. 6.30% 2003
inneapolis, Minnesota
ohn G. Kinnard & Company 6.35% 2004
Miller &Schroeder Financial, Inc. 6.40% 2005 6.45% 2006
6.50% 2007
6.50% 2008 -2009 Term
6.65% 2010 -2011 Term
6.75% 2012 -2013 Term
SMITH BARNEY, INC. 6.30 1999 - 2004 $2,706,267.60 $1,718,741.87 6.8064%
Chicago, Illinois 6.40 2005
CRONIN & COMPANY, INC. 6.45% 2006
Minneapolis, Minnesota 6.50% 2007 -2008
6.55% 2009
6.60% 2010
6.70% 2011 -2012
6.75% 2013
'Subsequent to bid opening the issue size was decreased to $2,730,000 with the 2013 term bond decreased by $20,000 to $975,000
(the 2013 sinking fund maturity amount was decreased to $250,000).
Adjusted Price - $2,696,186.12
Adjusted Net Interest Cost - $1,696,067.88
Adjusted TIC - 6.7896%
10 SA insurance purchased by Smith Barney, Inc.
975,0D0 Term Bond due February 1, 2013 with mandatory redemption in 2010 -2012 9-6—
own Ow Agg gaaOLim 2950 N ev e t Center
O
90 South Seventh Street
Minneapolis, 4
L E A D E R S I M P U 0 L I C F I N A N C E (612) 339-8291 FAX (612)) 339 -0054
$2,750,000' General Obligation Taxable Medical Facilities
Revenue Refunding Bonds, Series 19988
Page 2
NET TRUB
NAME OF BIDDER RATE YEAR PRICE INTEREST INTEREST'
COST RATE
NIKE SECURITIES L.P. 6.625% 1999.2006 $2,706,175.85 $1,776,567.82 7.0409%
Lisle, Illinois 6.65% 2007
6.875% 2008.2013 Term
•
1iEC Oy 'J7 05 :38PM EHLERS & HSSOCIHTES
Ehlers and Assecia & Inc.
LEADERS IN PUBLIC FINANCE
•
December 9, 1997
The Mayor and City Council
City of Hutchinson
111 Hassan Street
Hutchinson. MN 55350 -2522
P.2 /3
RE: City of Hutchinson, Minnesota; Sale of:
General Obligation Medical Facilities Revenue Refunding Bonds, Series 19WB
General Obligation Medical Facilities Revenue Refunding Bonds, Series 1998A
General Obligation Taxable Medical Facilities Revenue Refunding Bonds, Series 1998B
Today the City rived competitive bids for the sale of the above bond issues which are refunding the bond
issues shown below. Following is the summary of the savings projected in our earlier refinancing analysis for
each of the issues:
1990
Issue
1990A
1991A
Taxable
Total
• New Issue Size
$2,530,000
56,215,000
$2,750,000
511,495,000
Net PV Savings
$198,000
$568,000
$375,000
$1,141,000
PV/F-%MngPrincipal
7.80%
9.1%
13.60%
Net Future Savings
$339,000
51,083,000
$725,000
52,147,000
Average Annual Savings
527,000
$64,000
$56,000
5147,000
(1999 -2013)
(1999 -2017)
(2000 -2013)
Based on actual bids received
today, following are the resulting savings:
1990
Issue
1990A
1991A
Taxable
Total
New Issue Sim
$2,535,000
$6.235.000
$2,730,000
$ 11,500,000
Net PV Savings
5321,331
$934,353
$420,043
51,675,727
PV/ExistingPrincipal
12.80%
1530%
15.7090
Net Future Savings
$485,552
$1,327,310
$792,621
$2,605,483
Average Annual Savings
$36,334
586,568
561,140
$184,042
(1999 -2013)
(1999 -2017)
(2000 -2013)
• OFFICES IN MINNEAPOLIS, MN AND BROOKFIELD, WI
2950 NOrweSt Center. 90 SouM Seventh Street. Minneapolis. MN 55402 -4100
Telephone 612- 339 -8291. FAX 612. 339 -0854
O C
DEC X79 '97 05 :39PM EHEERS & ASSOCIATES
The Mayor and City Council
• City of Hutchinson
P. 3%3
December 9, 1997
Page 2
We have entered the market at a time when rates are very good. The rates and resulting savings are sufficient
to warrant the Council to take action tonight to award the sale of each issues.
Yours truly,
EHLERS AND ASSOCIATES, INC.
Steven F. Apfelbacher
SFA:nad
•
•
0
•
PRESENT VALUE ANALYSIS SUMMARY (NET TO NET)
Gross PV Debt Service Savings .. ................... 487,253.73
Net PV Cashflow Savings @ 4.986% (AIC) ............ 487,253.73
is
Total Cash contribution ........................... (66,480.00)
Transfers from Prior Issue Debt Service Fund...... (100,828.75)
Contingency or Rounding Amount .................... 1,386 -07
NET PRESENT VALUE BENEFIT $321.331.05
NET PV BENEFIT / $2,495,000 REFUNDED PRINCIPAL... 12.879%
NET PV BENEFIT / $2,535,000 REFUNDING PRINCIPAL.. 12.676%
Ehlers b Associates. Inc. FILE - HUTCHREF- Refund Both
Public Finance Advisors 12/ 9/1997 2:06 PM
CT
City
of Hutchinson,
HN
Refunding of the Callable Portion
of the 1990 Issue
DEBT
SERVICE COMPARISON
Date
Total
P +I
Existing D/S
Net New D/S
Old Net D/S
Savings
FISCAL TOTAL
1/07/1998
2/0111998
-
6.290.00
6.290.00
93.118.75
86.828.75
-
8/01/1998
65,807.00
101.290.00
167.097.00
188.118.75
21,021.75
107,850.50
210111999
58,065.00
3.250.00
61.315.00
90,078.75
28,763.75
-
8/01/1999
73,065.00
103.250.00
176.315.00
190.078.75
13.763.75
42.527.50
210112000
57,735.00
-
57.735.00
86,828.75
29.093.75
-
810112000
182,735.00
-
182.735.00
196.828.75
14. 093.75
43.187.50
2/01/2001
54,985.00
-
54.985.00
83,198 -75
28.213.75
-
8/01/2001
184,985.00
-
184.985.00
198,198.75
13.213.75
41.427
-50
2/01/2002
52,125.00
-
52.125.00
79.346.25
27.221.25
-
8/0112002
192.125.00
-
192.125.00
204,346.25
12.221.25
39.442.50
2/01/2003
49,045.00
-
49.045.00
75,127.50
26.082.50
-
8/01/2003
199,045.00
-
199.045.00
210,127.50
11.082.50
37,165.00
2/01/2004
45.745.00
-
45,745.00
70.537.50
24.792.50
-
8/01/2004
200,745.00
-
200,745.00
215.537.50
14.792.50
39.585.00
2/0112005
42.335.00
-
42.335.00
65,535.00
23.200.00
8/0112005
207,335.00
-
207,335.00
220,535.00
13.200.00
36,400.00
2/0112006
38.705.00
-
38,7D5.00
60,110.00
21.405.00
-
8/01/2006
208.705.00
-
208.705.00
225.110.00
16.405.00
37.810.00
2/0112007
34.922.50
-
34,922.50
54,335.00
19.412.50
-
8/01/2007
209.922.50
-
209,922.50
229,335.00
19,412.50
38,825.00
2/0112008
30,985.00
-
30,985.00
48.210.00
17.225.00
-
8/01/2008
220.985.00
-
220,985.00
238.210.00
17,225.00
34,450.00
2/01/2009
26.662.50
-
26,662.50
41,560.00
14.897.50
-
8101/2009
226.662.50
-
226,662.50
246,560.00
19.897.50
34,795.00
2/01/2010
22.012.50
-
22.012.50
34.385.00
12.372.50
-
8/01/2010
232,012.50
-
232,012.50
254,385.00
22.372.50
34.745.00
2/01/2011
17.077.50
-
17,077.50
26,685.00
9,607.50
-
8/01/2011
242.077.50
-
242,077.50
261,685.00
19,607.50
29.215.00
210112012
11,733.75
-
11,733.75
18,460.00
6,726.25
-
8/01/2012
246,733.75
-
246,733.75
268,460.00
21.726.25
28,452.50
2/01/2013
6.093.75
-
6,093.75
9,585.00
3,491.25
-
8/01/2013
256.093.75
-
256,093.75
279,585.00
23.491.25
26,982.50
TOTAL
3.697,262.00
214,080.00
3,911,342.00
4,564,202.50
652,860.50
-
PRESENT VALUE ANALYSIS SUMMARY (NET TO NET)
Gross PV Debt Service Savings .. ................... 487,253.73
Net PV Cashflow Savings @ 4.986% (AIC) ............ 487,253.73
is
Total Cash contribution ........................... (66,480.00)
Transfers from Prior Issue Debt Service Fund...... (100,828.75)
Contingency or Rounding Amount .................... 1,386 -07
NET PRESENT VALUE BENEFIT $321.331.05
NET PV BENEFIT / $2,495,000 REFUNDED PRINCIPAL... 12.879%
NET PV BENEFIT / $2,535,000 REFUNDING PRINCIPAL.. 12.676%
Ehlers b Associates. Inc. FILE - HUTCHREF- Refund Both
Public Finance Advisors 12/ 9/1997 2:06 PM
CT
0
0
PRESENT VALUE ANALYSIS SUMMARY (NET TO NET)
Gross PV Debt Service Savings .....................
Net PV Cashflow Savings @ 4.986X (AIC) ............
Total Cash contribution ...........................
Transfers from Prior Issue Debt Service Fund......
Contingency or Rounding Amount ....................
NET PRESENT VALUE BENEFIT
NET PV BENEFIT / $6,075.000 REFUNDED PRINCIPAL...
NET PV BENEFIT / $6.235,000 REFUNDING PRINCIPAL..
1,250.676.71
1,250,676.71
(140.440.00)
(177.051.56)
1.168.38
$934.353.53
15.380X
14.986X
Ehlers 8 Associates. Inc. FILE - HUTCHREF- Refund Both
Public Finance Advisors 121 9/1997 2:05 PM
City
of Hutchinson,
MN
Refunding of the Callable Portion
of the 1991 Issue
DEBT
SERVICE COMPARISON
Date
Total
P+I
Existing D/S
Net New D/S
Old Net D/S
Savings
FISCAL TOTAL
12/3011997
-
-
-
-
-
4/0111998
-
138.012.50
138,012.50
352,115.63
214.103.13
-
10/01/1998
224,156.52
9,262.50
233,419.02
223.365.63
(10,053.39)
204,049.74
4/01/1999
178,886.25
159,262.50
338,148.75
373.365.63
35.216.88
-
10/01/1999
148.301.25
4,687.50
152,988.75
218,790.63
65.801.88
101,018.76
4/01/2000
183.301.25
154,687.50
337,988.75
368.790.63
30,801.88
-
10/01/2000
141,601.25
-
147,601.25
214,103.13
66.501.88
97.303.76
4/01/2001
332,601.25
-
332,601.25
364,103.13
31.501.88
-
10/01/2001
143.808.75
-
143,808.75
209.303.13
65. 494.38
96,996.26
4/01/2002
348.808.75
-
348,808.75
384.303.13
35.494.38
-
10/01/2002
139,503.75
-
139,503.75
203.615.63
64.111.88
99,606.26
4/01/2003
344,503.75
-
344,503.75
378,615.63
34.111.88
-
10/01/2003
135,096.25
-
135,096.25
197.840.63
62,144.38
96.856.26
4/01/2004
365,096.25
-
365,696.25
397,840.63
32.744.38
-
10/O1/2004
130,093.75
-
130,093.75
191.140.63
61,046.88
93,791.26
4/01/2005
355,093.75
-
355,093.75
391,140.63
36.046.88
-
10/01/2005
125,143.75
-
125.143.75
184,340.63
59.196.88
95,243.76
4/01/2006
375.143.75
375,143.75
409.340.63
34.196.88
-
10/01/2006
119,581.25
-
119,581.25
176.578.13
56.996.88
91.193.76
4/01/2007
389.581.25
-
389,581.25
426.578.13
36.996.88
-
10/01/2007
113.506.25
-
113,506.25
167,828.13
54.321.88
91,318.76
4/0112008
378.506.25
-
378.506.25
417,828.13
39.321.88
-
10/0112DO8
107,411.25
-
107,411.25
159.078.13
51.666.88
90.988.76
4/01/2009
392.411.25
-
392,411.25
434.078.13
41,666.88
-
10/01/2009
100,785.00
-
100,785.00
149.384.38
48.599.38
90.266.26
4/01/2010
410,785.00
-
410,785.00
449,384.38
38.599.38
-
10/01/2010
93.500.00
93.500.00
138.734.38
45,234.38
83.833.76
4/0112011
423,500.00
-
423.500.00
463.734.38
40.234.38
-
10/01/2011
85.250.00
-
85.250.00
127,196.88
41,946.88
82.181.26
4/01/2012
430.250.00
-
430,250.00
477,196.88
46,946.88
-
10/01/2012
76,625.00
-
76.625.00
114.728.13
38.103.13
85.050.01
4/01/2013
441,625.00
-
441,625.00
489,728.13
48.103.13
-
10/0112013
67,500.00
-
67,500.00
101,368.75
33.868.75
81,971.88
4/0112014
697,500.00
-
697,500.00
751,368.75
53,868.75
-
10/O1/2014
51,750.00
-
51,750.00
78,131.25
26.381.25
80,250.00
4/0112015
696.750.00
-
696.750.00
753,131.25
56,381.25
-
10/0112015
35.625.00
-
35,625.00
54,000.00
18,375.00
74,756.25
4/01/2016
720,625.00
-
720,625.00
779,000.00
58,375 -00
-
10/01/2016
18,500.00
-
18.500.00
27.900.00
9.400.00
67.775.00
4/01/2017
758,500.00
-
758,500 -00
802,900.00
44.400.00
-
10/01/2017
-
-
-
-
-
44,400.00
TOTAL
10,287,207.77
465,912.50
10,753,120.27
12.601,972.03
1.848,851.76
-
PRESENT VALUE ANALYSIS SUMMARY (NET TO NET)
Gross PV Debt Service Savings .....................
Net PV Cashflow Savings @ 4.986X (AIC) ............
Total Cash contribution ...........................
Transfers from Prior Issue Debt Service Fund......
Contingency or Rounding Amount ....................
NET PRESENT VALUE BENEFIT
NET PV BENEFIT / $6,075.000 REFUNDED PRINCIPAL...
NET PV BENEFIT / $6.235,000 REFUNDING PRINCIPAL..
1,250.676.71
1,250,676.71
(140.440.00)
(177.051.56)
1.168.38
$934.353.53
15.380X
14.986X
Ehlers 8 Associates. Inc. FILE - HUTCHREF- Refund Both
Public Finance Advisors 121 9/1997 2:05 PM
0
0
PRESENT VALUE ANALYSIS SUMMARY (NET TO NET)
Gross PV Debt Service Savings .....................
Net PV Cashflow Savings @ 6.945% (AIC) ............
Total Cash contribution ...........................
Transfers from Prior Issue Debt Service Fund......
Contingency or Rounding Amount ....................
NET PRESENT VALUE BENEFIT
NET PV BENEFIT / $2.670.000 REFUNDED PRINCIPAL...
NET PV BENEFIT / $2.730.000 REFUNDING PRINCIPAL..
645,641.45
645,641.45
(71.000.00)
(158.109.38)
3,510.58
$420,042.65
15.732%
15.386X
Ehlers b Associates. Inc. FILE - HUTCHREF -98 ref tax mart
Public Finance Advisors 12/ 9/1997 2:07 PM
City
of Hutchinson,
MN
$3.150.000 General
Obligation Taxable Medical Facilities Revenue
Bonds of 1990
Net Cash Refunding of the Callable
Portion
DEBT
SERVICE COMPARISON
Date
Total
PFI
Existing D/S
Net New D/S
Old Net D/S
Savings
FISCAL TOTAL
1107/1998
-
-
-
-
-
-
2/01/1998
-
87.800.00
87,800.00
218,909.38
131.109.38
-
8/01/1998
101.736.50
4,140.00
105.876.50
135,249.38
29.372.88
160,482.26
2101/1999
169,767.50
94.140.00
263,907.50
225,249.38
(38.658.12)
-
8/01/1999
87.167.50
-
87,167.50
131.109.38
43,941.88
5,283.76
2/01/2000
212.167.50
-
212.167.50
231,109.38
18.941.88
-
8/01/2000
83.105.00
-
83.105.00
126.484.38
43,379.38
62,321.26
210112001
218,105.00
-
218,105.00
236,484.38
18,379.38
-
8/01/2001
78,717.50
-
78,717.50
121,121.88
42.404.38
60,783.76
210112002
223,717.50
-
223,717.50
241,121.88
17.404.38
-
8/01/2002
74,005.00
-
74,005.00
115,271.88
41.266.88
58.671.26
2/01/2003
224,005.00
-
224,005.00
245,271.88
21.266.88
-
8/01/2003
69,130.00
-
69,130.00
108,934.38
39,804.38
61,071.26
2/01/2004
229,130.00
-
229.130.00
248,934.38
19,804.38
-
8/01/2004
63,930.00
-
63,930.00
102,109.38
38.179.38
57,963.76
2/01/2005
233,930.00
233,930.00
257.109.38
23,179.38
-
8/0112005
58.405.00
-
58,405.00
94,553.13
36.148.13
59.327.51
2/01/2006
238,405.00
-
238,405.00
264,553.13
26.148.13
-
8/01/20D6
52,555.00
-
52,555.00
86,159.38
33.604.38
59.752.51
2/01/2007
242,555.00
-
242,555.00
271,159.38
28.604.38
-
8/01/2007
46,332.50
-
46,332.50
77,025.00
30,692.50
59.296.68
2/0112008
251,332.50
-
251,332.50
282,025.00
30.692.50
-
8/01/2008
39,567.50
-
39.567.50
66.903.13
27.335.63
58.028.13
2/01/2009
254,567.50
-
254,567.50
291,903.13
37,335.63
-
8/01/2009
32,418.75
-
32,418.75
55,793.75
23,375.00
60.710.63
2/0112010
257,418.75
-
257,418.75
300,793.75
43.375.00
-
8/O1/2010
24,937.50
-
24,937.50
43,696.88
18.759.38
62,134.38
2/01/2011
269,937.50
-
269.937.50
313.696.88
43,759.38
-
8/01/2011
16,791.25
-
16,791.25
30.365.63
13.574.38
57,333.76
2/01/2012
271,791.25
-
271,791.25
325.365.63
53,574.38
-
8/01/2012
8,312.50
-
8,312.50
15.800.00
7,487.50
61,061.88
2/0112013
258,312.50
-
258.312.50
335,800.00
77,487.50
-
8/01/2013
-
-
-
-
-
77,487.50
TOTAL
4,392,254.00
186,080.00
4,578,334.00
5,600,064.50
1.021,730.50
-
PRESENT VALUE ANALYSIS SUMMARY (NET TO NET)
Gross PV Debt Service Savings .....................
Net PV Cashflow Savings @ 6.945% (AIC) ............
Total Cash contribution ...........................
Transfers from Prior Issue Debt Service Fund......
Contingency or Rounding Amount ....................
NET PRESENT VALUE BENEFIT
NET PV BENEFIT / $2.670.000 REFUNDED PRINCIPAL...
NET PV BENEFIT / $2.730.000 REFUNDING PRINCIPAL..
645,641.45
645,641.45
(71.000.00)
(158.109.38)
3,510.58
$420,042.65
15.732%
15.386X
Ehlers b Associates. Inc. FILE - HUTCHREF -98 ref tax mart
Public Finance Advisors 12/ 9/1997 2:07 PM
• CERTIFICATION OF MINUTES RELATING TO
$ GENERAL OBLIGATION MEDICAL FACILITIES
REVENUE REFUNDING BONDS, SERIES 1997B
$ GENERAL OBLIGATION MEDIAL FACILITIES
REVENUE REFUNDING BONDS, SERIES 1998A
$ GENERAL OBLIGATION TAXABLE MEDICAL FACILITIES
REVENUE REFUNDING BONDS, SERIES 1998B
Issuer: City of Hutchinson, Minnesota
Governing Body: City Council
Kind, date, time and place of meeting: A regular meeting held on December 9, 1997, at 5:30
o'clock P.M., in the Council Chambers at the Hutchinson City Center.
Members present:
Members absent:
• Documents Attached:
Minutes of said meeting (pages): 1 through 41
RESOLUTION N0. 101
RESOLUTION RELATING TO $ GENERAL
OBLIGATION MEDICAL FACILITIES REVENUE REFUNDING
BONDS, SERIES 1997B, $ GENERAL OBLIGATION
MEDICAL FACILITIES REVENUE REFUNDING BONDS, SERIES
1998A AND $ GENERAL OBLIGATION TAXABLE
MEDICAL FACILITIES REVENUE REFUNDING BONDS, SERIES
199813; AWARDING THE SALE, FIXING THE FORM AND DETAILS,
PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF
AND THE SECURITY THEREFOR
I, the undersigned, being the duly qualified and acting recording officer of the
public corporation issuing the bonds referred to in the title of this certificate, certifying 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 correct 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 bonds; and that said meeting was duly held by the governing body at the time and place
1
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 day of _
1997.
Signature
(Seal) Q= D. Plotz City Administrator
Name and Title
-2- 0
0
The City Administrator reported that _ proposals for the $ General
Obligation Medical Facilities Revenue Refunding Bonds, Series 1997B had been received in
accordance with the Terms of Proposal for said Bonds. The proposals have been read and
tabulated, and the terms of each have been determined to be as follows:
Total Interest
Interest Bid for Cost -Net
Name of Bidder Rates Principal Averaee Rate
See attached bid tabulation
The City Administrator reported that _ proposals for the $ General
•
Obligation Medical Facilities Revenue Refunding Bonds, Series 1998A had been received in
accordance with the Terms of Proposal for said Bonds. The proposals have been read and
tabulated, and the terms of each have been determined to be as follows:
Total Interest
Interest Bid for
Name of Bidder Rates Principa
See attached bid tabulation
Cost -Net
Aver-age Rate
•
The City Administrator reported that _ proposals for the $ General
Obligation Taxable Medical Facilities Revenue Refunding Bonds, Series 1998B had been
received in accordance with the Terms of Proposal for said Bonds. The proposals have been read
and tabulated, and the terms of each have been determined to be as follows:
Total Interest
Interest Bid for Cost -Net
Name of Bidder Rates Principal Average Rate
See attached bid tabulation
E
U
I 1
LA
• Member introduced the following resolution and moved its
adoption, the reading of which was dispensed with by unanimous consent:
RESOLUTION NO.
RESOLUTION RELATING TO $ GENERAL
OBLIGATION MEDICAL FACILITIES REVENUE
REFUNDING BONDS, SERIES 1997B, $
GENERAL OBLIGATION MEDICAL FACILITIES REVENUE
REFUNDING BONDS, SERIES 1998A AND $
GENERAL OBLIGATION TAXABLE MEDICAL FACILITIES
REVENUE REFUNDING BONDS, SERIES 199813;
AWARDING THE SALE, FIXING THE FORM AND DETAILS,
PROVIDING FOR THE EXECUTION AND DELIVERY
THEREOF AND THE SECURITY THEREFOR
BE IT RESOLVED by the City Council of the City of Hutchinson, Minnesota
(the City), as follows:
1.01. Authorization The City owns and operates a hospital, nursing home and
related medical facilities as an enterprise fund of the City, (mown as Hutchinson Area Health
Care. To finance improvements to the hospital and related medical facilities the City has issued
and has presently outstanding its General Obligation Medical Facilities Revenue Bonds, Series
1990A, initially dated as of August 1, 1990 (the "1990A Bonds "), its General Obligation Medical
Facilities Revenue Bonds, Series 1990, initially dated as of August 1, 1990 (the "1990 Taxable
Bonds ") and its General Obligation Medical Facilities Revenue Bonds, Series 1991 A, initially
dated as of March 16, 1991 (the "1991 Bonds ") (the "1990A Bonds, the 1990 Taxable Bonds and
the 1991 Bonds are herein collectively referred to as the 'Prior Bonds "). There is pledged to the
payment of the Prior Bonds the net revenue derived form the hospital and related medical
facilities owned by the City. This Council hereby authorizes (i) the sale of $ General
Obligation Medical Facilities Revenue Refunding Bonds, Series 1997B (the "1997B Bonds "), of
the City, the proceeds of which will be used, together with any additional funds of the City which
might be required, to refund in advance of maturity the 1991 Bonds maturing in the years 2001
through 2017 which aggregate $6,075,000 in principal amount (the "1991 Refunded Bonds "), (ii)
the sale of $ General Obligation Medical Facilities Revenue Refunding Bonds, Series
1998A (the "1998A Bonds "), of the City, the proceeds of which will be used, together with any
additional funds of the City which might be required, to refund in advance of maturity the 1990A
Bonds maturing in the years 2000 through 2013 which aggregate $2,495,000 in principal amount
• (the "1990A Refunded Bonds "), and (iii) the sale of $ General Obligation Taxable
Medical Facilities Revenue Refunding Bonds, Series 1998B (the "1998B Bonds ") of the City, the
proceeds of which will be used, together with any additional funds of the City which might be
required, to refund in advance of maturity the 1990 Taxable Bonds maturing in the years 2000 •
through 2013 which aggregate $2,670,000 in principal amount (the "1990 Taxable Refunded
Bonds "). The 1991 Refunded Bonds, the 1990A Refunded Bonds and the 1990 Taxable
Refunded Bonds are herein collectively referred to as the "Refunded Bonds." The 1997B Bonds,
the 1998A Bonds and the 1998B Bonds are herein collectively referred to as the "Bonds," and the
1997B Bonds and the 1998A Bonds are herein collectively referred to as the "Tax - Exempt
Bonds." The City has retained Ehlers & Associates, Inc. to act as financial advisor to the City in
connection with the issuance and sale of the Bonds, and the City has determined to sell the
Bonds without meeting the requirements as to public sale under Minnesota Statutes, Section
475.60, subdivision 1, pursuant to the exception from such requirements contained in clause (9)
of Minnesota Statutes, Section 475.60, subdivision 2.
1.02. Existing Indebtedness and Liens The City now owns and operates the
municipal hospital and related medical facilities (the "Municipal Hospital ") through a Hospital
Board of the City pursuant to Minnesota Statutes, Chapter 447, as amended. There are now
outstanding the Prior Bonds and the General Obligation Medical Facilities Revenue Refunding
Bonds, Series 199113 (the "Series 1991B Bond ") of the City to which the City has pledged to the
payment the net revenues of the Municipal Hospital. The Prior Bonds and the Series 1991 B
Bonds are herein referred to as the "Outstanding Medical Facilities Bonds."
1.03. Sale of Series 1997B Bonds Pursuant to the Terms of Proposal for the Sale
of the 1997 B Bonds, _ proposals for the purchase of the Series 1997B Bonds were received
at or before the time specified for receipt of proposals. The proposals have been opened and •
publicly read and considered, and the purchase price, interest rates and net interest cost under the
terms of each bid have been determined. The most favorable proposal received is that of
of and associates
(the "1997B Bonds Purchaser "), to purchase the Series 1997B Bonds at a price of
$ plus accrued interest from the date of the Series 1997B Bonds to the date of
delivery thereof, the Series 1997B Bonds to bear interest at the rates set forth in Section 3.01.
The proposal is hereby accepted, and the Mayor and the City Administrator are hereby
authorized and directed to execute a contract on the part of the City for the sale of the Series
1997B Bonds with the 1997B Bonds Purchaser. The good faith checks of the unsuccessful
bidders shall be returned forthwith. It is hereby determined that by issuance of the 1997B Bonds
the City will realize a substantial interest rate reduction, a gross savings of approximately
$ and a present value savings (using the yield on the 1997B Bonds, computed in
accordance with Section 148 of the Internal Revenue Code of 1986, as amended, as the discount
factor) of approximately $
1.04. Sale of Series 1998A Bonds Pursuant to the Terms of Proposal for the Sale
of the 1998A Bonds, _ proposals for the purchase of the Series 1998A Bonds were received
at or before the time specified for receipt of proposals. The proposals have been opened and
publicly read and considered, and the purchase price, interest rates and net interest cost under the
terms of each bid have been determined. The most favorable proposal received is that of
-2- •
• of and associates
(the "1998A Bonds Purchaser "), to purchase the Series 1998A Bonds at a price of
$ plus accrued interest from the date of the Series 1998A Bonds to the date of
delivery thereof, the Series 1998A Bonds to bear interest at the rates set forth in Section 3.01.
The proposal is hereby accepted, and the Mayor and the City Administrator are hereby
authorized and directed to execute a contract on the part of the City for the sale of the Series
1998A Bonds with the 1998A Bonds Purchaser. The good faith checks of the unsuccessful
bidders shall be returned forthwith. It is hereby determined that by issuance of the 1998A Bonds
the City will realize a substantial interest rate reduction, a gross savings of approximately
$ and a present value savings (using the yield on the 1998A Bonds, computed in
accordance with Section 148 of the Internal Revenue Code of 1986, as amended, as the discount
factor) of approximately $
1.05. Sale of Series 1998B Bonds Pursuant to the Terms of Proposal for the Sale
of the 1998B Bonds, _ proposals for the purchase of the Series 1998B Bonds were received
at or before the time specified for receipt of proposals. The proposals have been opened and
publicly read and considered, and the purchase price, interest rates and net interest cost under the
terms of each bid have been determined. The most favorable proposal received is that of
' of and associates
(the "1998B Bonds Purchaser"), to purchase the Series 1998B Bonds at a price of
$ plus accrued interest from the date of the Series 1998B Bonds to the date of
• delivery thereof, the Series 1998B Bonds to bear interest at the rates set forth in Section 3.01.
The proposal is hereby accepted, and the Mayor and the City Administrator are hereby
authorized and directed to execute a contract on the part of the City for the sale of the Series
1998B Bonds with the 1998B Bonds Purchaser. The good faith checks of the unsuccessful
bidders shall be returned forthwith. It is hereby determined that by issuance of the 1998B Bonds
the City will realize a substantial interest rate reduction, a gross savings of approximately
$ and a present value savings (using the yield on the 1998B Bonds, computed in
accordance with Section 148 of the Internal Revenue Code of 1986, as amended, as the discount
factor) of approximately $
1.06. Performance of Requirements All acts, conditions and things which are
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 valid issuance of the Bonds having been done,
existing, having happened and having been performed, it is now necessary for this Council to
establish the form and terms of the Bonds, to provide security therefor and to issue the Bonds
forthwith.
is
BE
Section 2. Form of Bonds •
(a) The 1997B Bonds shall be prepared in substantially the following form:
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF MCLEOD
CITY OF HUTCHINSON
GENERAL OBLIGATION MEDICAL FACILITIES REVENUE REFUNDING BOND
SERIFS 1997B
No. $
Date of
gal.ql Maturity Original Issue CUSIP
December 30, 1997
REGISTERED
OWNER
PRINCIPAL •
AMOUNT DOLLARS
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 named above, or registered assigns, the principal amount specified above, on
the maturity date specified above, with interest thereon from the date of original issue specified
above, or the most recent interest payment date to which interest has been paid or duly provided
for, at the annual rate specified above, payable on April 1 and October 1 in each year,
commencing October 1, 1998, 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
office of the City Finance Director, in Hutchinson, Minnesota, as Registrar, Transfer Agent and
Paying Agent (the 'Bond Registrar "), or its successor designated under the Resolution described
herein, the principal hereof, are payable in lawful money of the United States of America by
check or draft of City, or the Registrar if a successor to the City Finance Director as Registrar has
been designated under the Resolution described herein.
- •
• This Bond is one of an issue in the aggregate principal amount of $ (the
"Series 1997 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 December 9, 1997 (the "Resolution ") to refund in advance of maturity general
obligation bonds issued by the City to finance a portion of the costs of various improvements and
an addition to the hospital of the City and related medical facilities, which hospital and related
medical facilities and any improvements thereto hereafter made, are hereinafter referred to in the
aggregate as the "Municipal Hospital." The Series 1997 Bonds are issued p ursuan t to and in full
conformity with the provisions of the Constitution and laws of the State of Minnesota thereunto
enabling, including Minnesota Statutes, Section 447.45 through 447.50 and Chapter 475. This
Series 1997 Bond is payable primarily from net revenues of the Municipal Hospital which have
been pledged and appropriated to the payment of the Bonds, but the City is required by law to
pay maturing principal hereof and interest thereon out of any moneys in the treasury if moneys
on hand in the Fund are insufficient therefor. The pledge of the net revenues of the Municipal
Hospital for the payment of the Series 1997 Bonds is subordinate to the pledge and appropriation
of the net revenue to pay certain outstanding bonds of the City. The Series 1997 Bonds are
issuable only as fully registered bonds, in denominations of $5,000 or any multiple thereof, of
single maturities.
Series 1997 Bonds maturing in the years 1999 through 2006 are payable on their
respective stated maturity dates without option of prior payment, but Series 1997 Bonds having
• stated maturity dates in the years 2007 through 2017 are each subject to redemption and
prepayment, at the option of the City in whole or in part, and if in part, in maturities and amounts
selected by the City and in $5,000 principal amounts selected by lot, within any maturity, on
April 1, 2006 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.
Series 1997 Bonds maturing on April 1, _ Shall be subject to mandatory
redemption prior to their stated maturity in part by lot on April 1 in the following years and
principal amounts at a price equal to the principal amount thereof to be redeemed plus accrued
interest to the date of redemption:
•
-5-
At least thirty days prior to the date set for redemption of any Series 1997 Bond, •
notice of the call for redemption will be mailed to the Bond Registrar and to the registered owner
of each Series 1997 Bond to be redeemed at his address appearing in the Bond Register, but no
defect in or failure to give such mailed notice of redemption shall affect the validity of
proceedings for the redemption of any Series 1997 Bond, not affected by such defect or failure.
Official notice of redemption having been given as aforesaid, the Series 1997 Bonds or portions
of Series 1997 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 Series 1997 Bonds or portions of Series
1997 Bonds shall cease to bear interest. Upon the partial redemption of any Series 1997 Bond, a
new Series 1997 Bond or Series 1997 Bonds will be delivered to the registered owner without
charge, representing the remaining principal amount outstanding.
The Series 1997 Bonds have been designated by the City as "qualified tax- exempt
obligations" pursuant to Section 265(b) of the Internal Revenue Code of 1986, as amended.
As provided in the Resolution and subject to certain limitations set forth therein,
this Series 1997 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 Series 1997 Bond or Series 1997 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 City and the Bond Registrar may deem and treat the person in whose name
this Series 1997 Bond is registered as the absolute owner hereof, whether this Series 1997 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.
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 Series
1997 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 in regular and due form
as so required; that by the Resolution the City has pledged to the payment of the principal of and
interest on the Series 1997 Bonds net revenues of the Municipal Hospital; that, if necessary for
the payment of principal and interest on the Series 1997 Bonds, ad valorem taxes are required to
be levied upon all taxable property in the City, which levy is not limited as to rate or amount; and
that the issuance of this Series 1997 Bond does not cause the indebtedness of the City to exceed
any charter, constitutional or statutory limitation.
-6- •
• This Series 1997 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 the Bond Registrar by manual signature of the Bond
Registrar, or in the event the City Finance Director is no longer acting as Bond Registrar, by one
of the authorized representatives of the Registrar.
IN WITNESS WHEREOF, the City of Hutchinson, McLeod County, State of
Minnesota, by its City Council, has caused this Series 1997 Bond to be executed by the
signatures of the Mayor and the City Administrator and has caused this Series 1997 Bond to be
dated as of the date set forth below.
Dated of Authentication:
City Administrator
Mayor
CERTIFICATE OF AUTHENTICATION
• This is one of the Series 1997 Bonds delivered pursuant to the Resolution
mentioned within.
•
City Finance Director, as Bond Registrar
-7-
The following abbreviations, when used in the inscription on the fare 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
TEN ENT -- as tenants
by the entireties
1T TEN -- as joint tenants
with right of survivorship
and not as tenants in
UNIF TRANS MIN ACT ............ Custodian ............
(Cult) (Minor)
under Uniform Transfers to Minors
Act ................... ...............................
(State)
Additional abbreviations may also be used.
•
i
-8-
•
• ASSIGNMENT
1]
•
FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto the within Bond and all rights thereunder,
and hereby irrevocably constitutes and appoints
attorney to transfer the within Bond on the books kept for registration thereof, with full power of
substitution in the premises.
Dated:
PLEASE INSERT SOCIAL SECURITY
OR OTHER IDENTIFYING NUMBER
OF ASSIGNEE
NOTICE: The signature to this assignment
must correspond with the name as it appears
upon the face of the within Bond in every
particular, without alteration or any change
whatsoever. Signatures(s) must be guaranteed by a
commercial bank or trust company or by a
brokerage firm having a membership in one of the
major stock exchanges.
Signature(s) must be guaranteed by an
"eligible guarantor institution"
meeting the requirements of the
Bond Registrar, which requirements
include membership or participation
in the Securities Transfer Association
Medalion Program (STAMP) or such
other "signature guaranty program"
as may be determined by the Bond
Registrar in addition to or in
substitution for STAMP, all in
substitution for STAMP, all in
accordance with the Securities
Exchange Act of 1934, as amended.
b�
(b) The 1998A Bonds shall be prepared in substantially the following form: •
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF MCLEOD
CITY OF HUTCHINSON
GENERAL OBLIGATION MEDICAL FACILITIES REVENUE REFUNDING BOND
SERIES 1998A
No. $
Date of
Rg}g Maturity Original Issue CUSIg
January 7, 1998
REGISTERED
OWNER
PRINCIPAL •
AMOUNT DOLLARS
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 named above, or registered assigns, the principal amount specified above, on
the maturity date specified above, with interest thereon from the date of original issue specified
above, or the most recent interest payment date to which interest has been paid or duly provided
for, at the annual rate specified above, payable on February 1 and August I in each year,
commencing August 1, 1998, 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
office of the City Finance Director, in Hutchinson, Minnesota, as Registrar, Transfer Agent and
Paying Agent (the 'Bond Registrar "), or its successor designated under the Resolution described
herein, the principal hereof, are payable in lawful money of the United States of America by
check or draft of City, or the Registrar if a successor to the City Finance Director as Registrar has
been designated under the Resolution described herein.
-10- •
• This Bond is one of an issue in the aggregate principal amount of $ (the
"Series 1998A 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 December 9, 1997 (the 'Resolution ") to refund in advance of maturity general
obligation bonds issued by the City to finance a portion of the costs of various improvements and
an addition to the hospital of the City and related medical facilities, which hospital and related
medical facilities and any improvements thereto hereafter made, are hereinafter referred to in the
aggregate as the "Municipal Hospital." The Series 1998A Bonds are issued pursuant to and in
full conformity with the provisions of the Constitution and laws of the State of Minnesota
thereunto enabling, including Minnesota Statutes, Section 447.45 through 447.50 and Chapter
475. This Series 1998A Bond is payable primarily from net revenues of the Municipal Hospital
which have been pledged and appropriated to the payment of the Bonds, but the City is required
by law to pay maturing principal hereof and interest thereon out of any moneys in the treasury if
moneys on hand in the Fund are insufficient therefor. The pledge of the net revenues of the
Municipal Hospital for the payment of the Series 1998A Bonds is subordinate to the pledge and
appropriation of the net revenue to pay certain outstanding bonds of the City. The Series 1998A
Bonds are issuable only as fully registered bonds, in denominations of $5,000 or any multiple
thereof, of single maturities.
Series 1998A Bonds maturing in the years 1999 through 2006 are payable on their
respective stated maturity dates without option of prior payment, but Series 1998A Bonds having
stated maturity dates in the years 2007 through 2017 are each subject to redemption and
prepayment, at the option of the City in whole or in part, and if in part, in maturities and amounts
selected by the City and in $5,000 principal amounts selected by lot, within any maturity, on
August 1, 2006 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.
Series 1998A Bonds maturing on August 1, _ Shall be subject to mandatory
redemption prior to their stated maturity in part by lot on August I in the following years and
principal amounts at a price equal to the principal amount thereof to be redeemed plus accrued
interest to the date of redemption:
•
-11-
At least thirty days prior to the date set for redemption of any Series 1998A Bond,
notice of the call for redemption will be mailed to the Bond Registrar and to the registered owner
of each Series 1998A Bond to be redeemed at his address appearing in the Bond Register, h-:t no
defect in or failure to give such mailed notice of redemption shall affect the validity of
proceedings for the redemption of any Series 1998A Bond, not affected by such defect or ure.
Official notice of redemption having been given as aforesaid, the Series 1998A Bonds or
portions of Series 1998A Bonds so to be redeemed shall, on the redemption date, become .re
and payable at the redemption price therein specified, and from and after such date (unle ; the
City shall default in the payment of the redemption price) such Series 1998A Bonds or portions
of Series 1998A Bonds shall cease to bear interest. Upon the partial redemption of any Series
1998A Bond, a new Series 1998A Bond or Series 1998A Bonds will be delivered to the
registered owner without charge, representing the remaining principal amount outstanding.
The Series 1998A Bonds have been designated by the City as "qualified
tax - exempt obligations" pursuant to Section 265(b) of the Internal Revenue Code of 1986, as
amended.
As provided in the Resolution and subject to certain limitations set forth therein,
this Series 1998A 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 Series 1998A Bond or Series 1998A 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 City and the Bond Registrar may deem and treat the person in whose name
this Series 1998A Bond is registered as the absolute owner hereof, whether this Series 1998A
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.
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 Series
1998A 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 in regular and due
form as so required; that by the Resolution the City has pledged to the payment of the principal
of and interest on the Series 1998A Bonds net revenues of the Municipal Hospital; that, if
necessary for the payment of principal and interest on the Series 1998A Bonds, ad valorem taxes
are required to be levied upon all taxable property in the City, which levy is not limited as to rate
_12_ 0
• or amount; and that the issuance of this Series 1998A Bond does not cause the indebtedness of
the City to exceed any charter, constitutional or statutory limitation_
This Series 1998A 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 the Bond Registrar by manual signature of
the Bond Registrar, or in the event the City Finance Director is no longer acting as Bond
Registrar, by one of the authorized representatives-of the Registrar.
IN WITNESS WHEREOF, the City of Hutchinson, McLeod County, State of
Minnesota, by its City Council, has caused this Series 1998A Bond to be executed by the
signatures of the Mayor and the City Administrator and has caused this Series 1998A Bond to be
dated as of the date set forth below.
Dated of Authentication:
City Administrator
Mayor
CERTIFICATE OF AUTHENTICATION
•
This is one of the Series 1998A Bonds delivered pursuant to the Resolution
mentioned within.
City Finance Director, as Bond Registrar
-13-
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
TEN ENT -- as tenants
by the entireties
PT TEN -- as joint tenants
with right of survivorship
and not as tenants in
common
UNIF TRANS MIN ACT ............ Custodian ............
(Cult) (Minor)
under Uniform Transfers to Minors
Act.............................
(State)
Additional abbreviations may also be used.
-14-
•
• ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto , the within Bond and all rights thereunder,
and hereby irrevocably constitutes and appoints
attorney to transfer the within Bond on the books kept for registration thereof, with full power of
substitution in the premises.
Dated:
PLEASE INSERT SOCIAL SECURITY
OR OTHER IDENTIFYING NUMBER
OF ASSIGNEE
NOTICE: The signature to this assignment
must correspond with the name as it appears
upon the face of the within Bond in every
particular, without alteration or any change
whatsoever. Signatures(s) must be guaranteed by a
commercial bank or trust company or by a
brokerage firm having a membership in one of the
major stock exchanges.
. Signature(s) must be guaranteed by an
"eligible guarantor institution"
meeting the requirements of the
Bond Registrar, which requirements
include membership or participation
in the Securities Transfer Association
Medalion Program (STAMP) or such
other "signature guaranty program"
as may be determined by the Bond
Registrar in addition to or in
substitution for STAMP, all in
substitution for STAMP, all in
accordance with the Securities
Exchange Act of 1934, as amended.
• -15-
(c) The 1998B Bonds shall be prepared in substantially the following form: •
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF MCLEOD
CITY OF HUTCHINSON
GENERAL OBLIGATION TAXABLE MEDICAL FACILITIES
REVENUE REFUNDING BOND
SERIES 1998B
No. $
Date of
$�1g Maturity Original Issue C USIP
January 7, 1998
REGISTERED
OWNER
PRINCIPAL
AMOUNT DOLLARS
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 named above, or registered assigns, the principal amount specified above, on
the maturity date specified above, with interest thereon from the date of original issue specified
above, or the most recent interest payment date to which interest has been paid or duly provided
for, at the annual rate specified above, payable on February 1 and August 1 in each year,
commencing August 1, 1998, 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
office of the City Finance Director, in Hutchinson, Minnesota, as Registrar, Transfer Agent and
Paying Agent (the 'Bond Registrar "), or its successor designated under the Resolution described
herein, the principal hereof, are payable in lawful money of the United States of America by
check or draft of City, or the Registrar if a successor to the City Finance Director as Registrar has
been designated under the Resolution described herein.
-16- •
• This Bond is one of an issue in the aggregate principal amount of $ (the
"Series 1998B 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 December 9, 1997 (the "Resolution ") to refund in advance of maturity general
obligation bonds issued by the City to finance a portion of the costs of various improvements and
an addition to the hospital of the City and related medical facilities, which hospital and related
medical facilities and any improvements thereto hereafter made, are hereinafter referred to in the
aggregate as the "Municipal Hospital." The Series 1998B Bonds are issued pursuant to and in
full conformity with the provisions of the Constitution and laws of the State of Minnesota
thereunto enabling, including Minnesota Statutes, Section 447.45 through 447.50 and Chapter
475. This Series 1998B Bond is payable primarily from net revenues of the Municipal Hospital
which have been pledged and appropriated to the payment of the Bonds, but the City is required
by law to pay maturing principal hereof and interest thereon out of any moneys in the treasury if
moneys on hand in the Fund are insufficient therefor. The pledge of the net revenues of the
Municipal Hospital for the payment of the Series 1998B Bonds is subordinate to the pledge and
appropriation of the net revenue to pay certain outstanding bonds of the City. The Series 1998B
Bonds are issuable only as fully registered bonds, in denominations of $5,000 or any multiple
thereof, of single maturities.
Series 1998B Bonds maturing in the years 1999 through 2006 are payable on their
respective stated maturity dates without option of prior payment, but Series 1998B Bonds having
• stated maturity dates in the years 2007 through 2017 are each subject to redemption and
prepayment, at the option of the City in whole or in part, and if in part, in maturities and amounts
selected by the City and in $5,000 principal amounts selected by lot, within any maturity, on
February 1, 2006 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.
Series 1998B Bonds maturing on February 1, _ Shall be subject to mandatory
redemption prior to their stated maturity in part by lot on February 1 in the following years and
principal amounts at a price equal to the principal amount thereof to be redeemed plus accrued
interest to the date of redemption:
1 0
17-
At least thirty days prior to the date set for redemption of any Series 1998B Bond, •
notice of the call for redemption will be mailed to the Bond Registrar and to the registered owner
of each Series 1998B Bond to be redeemed at his address appearing in the Bond Register, but no
defect in or failure to give such mailed notice of redemption shall affect the validity of
proceedings for the redemption of any Series 1998B Bond, not affected by such defect or failure.
Official notice of redemption having been given as aforesaid, the Series 1998B Bonds or portions
of Series 1998B 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 Series 1998B Bonds or portions of Series
1998B Bonds shall cease to bear interest Upon the partial redemption of any Series 1998B
Bond, a new Series 1998B Bond or Series 1998B Bonds will be delivered to the registered owner
without charge, representing the remaining principal amount outstanding.
The Series 1998B Bonds have been designated by the City as "qualified
tax- exempt obligations" pursuant to Section 265(b) of the Internal Revenue Code of 1986, as
amended.
As provided in the Resolution and subject to certain limitations set forth therein,
this Series 1998B 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 instrum 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 Series 1998B Bond or Series 1998B 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 City and the Bond Registrar may deem and treat the person in whose name
this Series 1998B Bond is registered as the absolute owner hereof whether this Series 1998B
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.
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 Series
1998B 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 in regular and due
form as so required; that by the Resolution the City has pledged to the payment of the principal
of and interest on the Series 1998B Bonds net revenues of the Municipal Hospital; that, if
necessary for the payment of principal and interest on the Series 1998B Bonds, ad valorem taxes
are required to be levied upon all taxable property in the City, which levy is not limited as to rate
-18-
• or amount; and that the issuance of this Series 1998B Bond does not cause the indebtedness of
the City to exceed any charter, constitutional or statutory limitation.
This Series 1998B 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 the Bond Registrar by manual signature of
the Bond Registrar, or in the event the City Finance Director is no longer acting as Bond
Registrar, by one of the authorized representatives of the Registrar.
IN WITNESS WHEREOF, the City of Hutchinson, McLeod County, State of
Minnesota, by its City Council, has caused this Series 1998B Bond to be executed by the
signatures of the Mayor and the City Administrator and has caused this Series 1998B Bond to be
dated as of the date set forth below.
Dated of Authentication:
City Administrator
•
Mayor
CERTIFICATE OF AUTHENTICATION
This is one of the Series 1998B Bonds delivered pursuant to the Resolution
mentioned within.
City Finance Director, as Bond Registrar
0 -19-
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
TEN ENT -- as tenants
by the entireties
JT TEN — as joint tenants
with right of survivorship
and not as tenants in
common
UNIF TRANS MIN ACT ............ Custodian ............
(Cust) (Minor)
under Uniform Transfers to Minors
Act.................. ...............................
(State)
Additional abbreviations may also be used.
-20-
lJ
E
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto , the within Bond and all rights thereunder,
and hereby irrevocably constitutes and appoints
attorney to transfer the within Bond on the books kept for registration thereof, with full power of
substitution in the premises.
Dated:
PLEASE INSERT SOCIAL SECURITY
OR OTHER IDENTIFYING NUMBER
OF ASSIGNEE
NOTICE: The signature to this assignment
must correspond with the name as it appears
upon the face of the within Bond in every
particular, without alteration or any change
whatsoever. Signatures(s) must be guaranteed by a
commercial bank or trust company or by a
brokerage firm having a membership in one of the
major stock exchanges.
Signature(s) must be guaranteed by an
"eligible guarantor institution"
meeting the requirements of the
Bond Registrar, which requirements
include membership or participation
in the Securities Transfer Association
Medalion Program (STAMP) or such
other "signature guaranty program"
as may be determined by the Bond
Registrar in addition to or in
substitution for STAMP, all in
substitution for STAMP, all in
accordance with the Securities
Exchange Act of 1934, as amended.
•
3.01. Maturities Interest Rates Denominations Payment and Dating of Bonds
The City shall forthwith issue and deliver the 1997B Bonds, which shall be denominated
"General Obligation Medical Facilities Revenue Refunding Bonds, Series 1997B." The 1997B
-21-
Bonds shall be dated as of December 30, 1997, shall be issuable in the denomination of $5,000 •
each or any integral multiple thereof, shall mature on April 1 in the years and amounts set forth
below, and 1997B Bonds maturing in such years and amounts shall bear interest computed on the
basis of a 360 -day year consisting of twelve 30 -day months and rounded p ursuan t to the rules of
the Municipal Securities Rulemaking Board, from December 30, 1997 until paid or duly called
for redemption at the rates per annum shown opposite such years and amounts as follows:
Y-= Amo
Bad Y= Am ount Bak
1999
2009
2000
2010
2001
2011
2002
2012
2003
2013
2004
2014
2005
2015
2006
2016
2007
2017
2008
The Series 1997B Bonds shall be issuable only in fully registered form. The interest thereon
and, upon surrender of each Series 1997B Bond, the principal amount thereof, shall be payable •
by check or draft issued by the Registrar described herein. Each Series 1997B Bond shall be
dated as of its date of initial authentication.
The City shall forthwith issue and deliver the 1998A Bonds, which shall be
denominated "General Obligation Medical Facilities Revenue Refunding Bonds, Series 1998A."
The 1998A Bonds shall be dated as of January 7, 1998, shall be issuable in the denomination of
$5,000 each or any integral multiple thereof, shall mature on August 1 in the years and amounts
set forth below, and 1998A Bonds maturing in such years and amounts shall bear interest
computed on the basis of a 360 -day year consisting of twelve 30-day months and rounded
pursuant to the rules of the Municipal Securities Rulemaking Board, from January 7, 1998 until
paid or duly called for redemption at the rates per annum shown opposite such years and amounts
as follows:
-22_
1
0
•
C �
J
Year
1999
2000
2001
2002
2003
2004
2005
2006
F
Yew
2007
2008
2009
2010
2011
2012
2013
-roM ITMENNI; . .
The Series 1998A Bonds shall be issuable only in fully registered form. The interest thereon
and, upon surrender of each Series 1998A Bond, the principal amount thereof, shall be payable
by check or draft issued by the Registrar described herein. Each Series 1998A Bond shall be
dated as of its date of initial authentication.
The City shall forthwith issue and deliver the 1998B Bonds, which shall be
denominated "General Obligation Taxable Medical Facilities Revenue Refunding Bonds, Series
1998B." The 1998B Bonds shall be dated as of January 7, 1998, shall be issuable in the
denomination of $5,000 each or any integral multiple thereof, shall mature on February 1 in the
years and amounts set forth below, and 1998B Bonds maturing in such years and amounts shall
bear interest computed on the basis of a 360 -day year consisting of twelve 30-day months and
rounded pursuant to the rules of the Municipal Securities Rulemaking Board, from January 7,
1998 until paid or duly called for redemption at the rates per annum shown opposite such years
and amounts as follows:
1999
2000
2001
2002
2003
2004
2005
2006
.u.MA
Y-=
2007
2008
2009
2010
2011
2012
2013
n . i.
The Series 1998B Bonds shall be issuable only in fully registered form. The interest thereon
and, upon surrender of each Series 1998B Bond, the principal amount thereof, shall be payable
by check or draft issued by the Registrar described herein. Each Series 1998B Bond shall be
dated as of its date of initial authentication.
-23-
3.02. Interest Payment Dates Interest on the Series 1997B Bonds shall be •
payable on April 1 and October I in each year, commencing October 1, 1998, to the owner of
record thereof as of the close of business on the fifteenth day of the immediately preceding
month, whether or not such day is a business day.
Interest on the Series 1998A Bonds and 1998B Bonds shall be payable on
February 1 and August 1 in each year, commencing August 1, 1998, to the owner of record
thereof as of the close of business on the fifteenth day of the immediately preceding month,
whether or not such day is a business day.
3.03. Rel;istration The City shall appoint, and shall maintain, a bond registrar, transfer
agent and paying agent (the Registrar). The effect of registration and the rights and duties of the
City and the Registrar with respect thereto shall be as follows:
(a) R The Registrar shall keep at its principal corporate trust office a bond
register in which the Registrar shall provide for the registration of ownership of the
Bonds and the registration of transfers and exchanges of the Bonds entitled to be
registered, transferred or exchanged
(b) Transfer of Bonds Upon surrender to the Registrar for transfer of any Bond
duly endorsed by the registered owner thereof or accompanied by a written instrum 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 the same series and 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 the same series and 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 canceled by the Registrar and thereafter disposed of as directed by the City.
(e) Imnrooer 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.
The Registrar shall incur no liability for its refusal, in good faith, to make transfers which
it, in its judgment, deems improper or unauthorized.
_24 •
• (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 Charees 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 the
same series and 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
obligees. All Bonds so surrendered to the Registrar shall be canceled 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.
3.04. Appointment of Initial Registrar The City hereby appoints the City
Finance Director, as the initial Registrar for the Bonds. In the event that the City determines to
discontinue the book -entry only system for a series of Bonds as described in paragraph (c) of
Section 3.07, or DTC, as defined in Section 3.07, determines to discontinue providing its services
with respect to a series of Bonds and a new securities depository is not appointed for such series
of Bonds, the City will designate a suitable bank or trust company to act as successor Registrar
for such series of Bonds if the City Finance Director is then acting as Registrar. The City
reserves the right to remove any Registrar upon thirty (3 0) 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.
3.05. Redemption (a) 1997B Bonds maturing in the years 1999 through 2006
shall not be subject to redemption prior to maturity, but 1997B Bonds maturing in the years 2007
. and thereafter shall each be subject to redemption and prepayment, at the option of the City, in
-25-
whole or in part, and if in part, in maturities and amounts selected by the City and, within any •
maturity, in $5,000 principal amounts selected by the Registrar by lot, on April 1, 2006 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.
(b) 1998A Bonds maturing in the years 1999 through 2005 shall not be subject to
redemption prior to maturity, but 1998A Bonds maturing in the years 2006 and thereafter shall
each be subject to redemption and prepayment, at the option of the City, in whole or in part, and
if in part, in maturities and amounts selected by the City and, within any maturity, in $5,000
principal amounts selected by the Registrar by lot, on August 1, 2005 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.
(c) 1998B Bonds maturing in the years 1999 through 2005 shall not be subject to
redemption prior to maturity, but 1998B Bonds maturing in the years 2006 and thereafter shall
each be subject to redemption and prepayment, at the option of the City, in whole or in part, and
if in part, in maturities and amounts selected by the City and, within any maturity, in $5,000
principal amounts selected by the Registrar by lot, on August 1, 2005 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.
(d) 1997B Bonds maturing in the year shall be subject to mandatory
sinking fund redemption by lot at a redemption price equal to the principal amount of the 1997B
Bonds to be so redeemed plus interest accrued thereon to the date fixed for redemption, on
April 1, in the years and principal amounts set forth below:
KIMMEMEMERTMOM,
In the event that any 1997B Bonds maturing in the year _ are redeemed pursuant to (a) above
by the City and canceled by the Bond Registrar and not reissued, the 1997B Bonds maturing in
the year so redeemed and canceled may be applied by the City as a credit against the
1997B Bonds to be redeemed pursuant to this subsection (d), such credit to be equal to the
principal amount of the 1997B Bonds maturing in the year _ so redeemed or canceled
provided that the City has notified the Bond Registrar not less than thirty-five (35) days prior to
the applicable redemption date of its election to apply such Series 1997B Bonds as a credit and
designating the redemption date to which it is to apply.
-26- •
• (e) 1998A Bonds maturing in the year shall be subject to mandatory
sinking fund redemption by lot at a redemption price equal to the principal amount of the 1998A
Bonds to be so redeemed plus interest accrued thereon to the date fixed for redemption, on
August 1 in the years and principal amounts set forth below:
�
In the event that any 1998A Bonds maturing in the year are redeemed pursuant to (b)
above by the City or canceled by the Bond Registrar and not reissued, the 1998A Bonds
maturing in the year so redeemed and canceled may be applied by the City as a credit
against the 1998A Bonds to be redeemed pursuant to this subsection (e), such credit to be equal
to the principal amount of the 1998A Bonds maturing in the year _ so redeemed or canceled
provided that the City has notified the Bond Registrar not less than thirty-five (35) days prior to
the applicable redemption date of its election to apply such 1998A Bonds as a credit and
• designating the redemption date to which it is to apply.
(f) 1998B Bonds maturing in the year _ shall be subject to mandatory sinking
fund redemption by lot at a redemption price equal to the principal amount of the 1998B Bonds
to be so redeemed plus interest accrued thereon to the date fixed for redemption, on August 1 in
the years and principal amounts set forth below:
NOMME WSTITIM ,
In the event that any 1998B Bonds maturing in the year are redeemed pursuant to (c) above
by the City or canceled by the Bond Registrar and not reissued, the 1998B Bonds maturing in the
year so redeemed and canceled may be applied by the City as a credit against the 1998B
Bonds to be redeemed pursuant to this subsection (f), such credit to be equal to the principal
amount of the 1998B Bonds maturing in the year _ so redeemed or canceled provided that the
City has notified the Bond Registrar not less than thirty-five (35) days prior to the applicable
• -27-
redemption date of its election to apply such 1998B Bonds as a credit and designating the •
redemption date to which it is to apply.
(g) At least thirty days prior to the date set for redemption of any Bond, the City
Administrator shall cause notice of the call for redemption to be mailed to the registered owner
of each Bond to be redeemed, 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. The notice of redemption shall specify the redemption date, redemption price,
the numbers, interest rates and CUSIP numbers of the Bonds to be redeemed and the place at
which the Bonds are to be surrendered for payment, which is the principal office of the Registrar.
Official notice of redemption having been given as aforesaid, the Bonds or portions thereof 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 thereof shall cease to bear interest.
In addition to the notice prescribed by the preceding paragraph, the City shall also
give, or cause to be given, notice of the redemption of any Bond or Bonds or portions thereof at
least 35 days before the redemption date by certified mail or telecopy to all registered securities
depositories then in the business of holding substantial amounts of obligations of the character of
the Bonds (such depositories now being The Depository Trust Company, of Garden City, New
York; Pacific Securities Depository Trust Company, of San Francisco, California; and
Philadelphia Depository Trust Company, of Philadelphia, Pennsylvania) and one or more
national information services that disseminate information regarding municipal bond •
redemptions; provided that any defect in or any failure to give any notice of redemption
prescribed by this paragraph shall not affect the validity of the proceedings for the redemption of
any Bond or portion thereof.
Bonds in a denomination larger than $5,000 may be redeemed in part in any
integral multiple of $5,000. The owner of any Bond redeemed in part shall receive, upon
surrender of such Bond to the Registrar, one or more new Bonds of such same series in
authorized denominations equal in principal amount to the unredeemed portion of the Bond so
surrendered.
3.06. Preparation 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 the City Administrator. In case any officer whose signature shall appear on the
Bonds shall cease to be such officer before the delivery of any Bond, such signature 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 such Bond has been duly executed by the manual signature of the
Registrar, or in the event the City Finance Director is no longer acting as Registrar, an authorized
representative of the Registrar. Certificates of authentication on different Bonds need not be
_28_ 0
• 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 so executed and authenticated, they shall be delivered by the City Finance
Director to the purchaser thereof upon payment of the purchase price in accordance with the
contracts of sale heretofore made and executed, and the purchaser shall not be obligated to see to
the application of the purchase price.
3.07. Securities Depository (a) 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 from the City to
DTC previously executed and delivered by the City and on file with DTC.
(b) 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 each series
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.
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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 the Representation Letter, 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.
(c) In the event the City determines that it is in the best interest of the Beneficial
Owners that they be able to obtain Bonds of a series 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 of such series in the form of certificates. In such event, the Bonds of such
series will be transferable in accordance with paragraph (e) hereof. DTC may determine to
discontinue providing its services with respect to a series of 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 of such series will be transferable in accordance with
paragraph (e) hereof.
(d) The Representation Letter sets forth certain matters with respect to, among •
other things, notices, consents and approvals by registered owners of the Bonds and Beneficial
Owners and payments on the Bonds. The Registrar shall have the same rights with respect to its
actions thereunder as it has with respect to its actions under this resolution.
(e) In the event that any transfer or exchange of Bonds is permitted under
paragraph (b) or (c) 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.
.I .�
4.01. Use of proceeds and Escrow Account The proceeds of the 1997B Bonds in
the amount of $ plus $ held in the debt service funds for the 1991 Bonds and
funds of the City in the amount of $ are irrevocably appropriated for the payment of
the interest due on the 1991 Refunded Bonds to and including April 1, 2000 and for the payment
of the principal of the 1991 Refunded Bonds on April 1, 2000. The City Clerk- Treasurer is
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• hereby authorized and directed, simultaneously with the delivery of the 1997B Bonds, to deposit
the proceeds thereof, to the extent described above, in escrow with Firstar Bank of Minnesota,
N.A., in St. Paul, Minnesota (the "1997B Escrow Agent'), a banking institution whose deposits
are insured by the Federal Deposit Insurance Corporation and whose combined capital and surplus
is not less than $500,000, and shall invest the funds so deposited in securities authorized for such
purpose by Minnesota Statutes, Section 475.67, subdivision 8, maturing on such dates and bearing
interest at such rates as are required to provide funds sufficient, with cash retained in the escrow
account, to make the above - described payments. The Mayor and City Administrator are hereby
authorized to enter into an Escrow Agreement with the 1997B Escrow Agent for the 1991
Refunded Bonds establishing the terms and conditions for the escrow account in accordance with
Minnesota Statutes, Section 475.67. Of the remaining proceeds of the 1997B Bonds, $
shall be applied to pay issuance expenses, and $ , together with any accrued interest on
the 1997B Bonds shall be deposited in the Sinking Fund created pursuant to Section 4.02 hereof.
The proceeds of the 1998A Bonds in the amount of $ , plus $
held in the debt service funds for the 1990A Bonds and funds of the City in the amount of $
_, are irrevocably appropriated for the payment of the interest due on the 1990A Refunded
Bonds to and including August 1, 1999 and for the payment of the principal of the 1990A
Refunded Bonds on August 1, 1999. The City Clerk- Treasurer is hereby authorized and directed,
simultaneously with the delivery of the 1998A Bonds, to deposit the proceeds thereof, to the
extent described above, in escrow with Firstar Bank of Minnesota, N.A., in St. Paul, Minnesota
• (the "1998A Escrow Agent "), a banking institution whose deposits are insured by the Federal
Deposit Insurance Corporation and whose combined capital and surplus is not less than $500,000,
and shall invest the funds so deposited in securities authorized for such purpose by Minnesota
Statutes, Section 475.67, subdivision 8, maturing on such dates and bearing interest at such rates
as are required to provide funds sufficient, with cash retained in the escrow account, to make the
above - described payments. The Mayor and City Administrator are hereby authorized to enter into
an Escrow Agreement with the 1998A Escrow Agent for the 1990A Refunded Bonds establishing
the terms and conditions for the escrow account in accordance with Minnesota Statutes, Section
475.67. Of the remaining proceeds of the 1998A Bonds, $ shall be applied to pay
issuance expenses, and $ , together with any accrued interest on the 1998A Bonds shall
be deposited in the Sinking Fund created pursuant to Section 4.02 hereof.
The proceeds of the 1998B Bonds in the amount of $ , plus $
held in the debt service funds for the 1990 Taxable Bonds and funds of the City in the amount of
$ , are irrevocably appropriated for the payment of the interest due on the 1990 Taxable
Refunded Bonds to and including February 1, 1999 and for the payment of the principal of the
1990 Taxable Refunded Bonds on February 1, 1999. The City Clerk - Treasurer is hereby
authorized and directed, simultaneously with the delivery of the 1998B Bonds, to deposit the
proceeds thereof, to the extent described above, in escrow with Firstar Bank of Minnesota, N.A.,
in St. Paul, Minnesota (the "1998B Escrow Agent "), a banking institution whose deposits are
insured by the Federal Deposit Insurance Corporation and whose combined capital and surplus is
• not less than $500,000, and shall invest the funds so deposited in securities authorized for such
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purpose by Minnesota Statutes, Section 475.67, subdivision 8, maturing on such dates and bearing •
interest at such rates as are required to provide funds sufficient, with cash retained in the escrow
account, to make the above - described payments. The Mayor and City Administrator are hereby
authorized to enter into an Escrow Agreement with the 1998B Escrow Agent for the 1990 Taxable
Refunded Bonds establishing the terms and conditions for the escrow account in accordance with
Minnesota Statutes, Section 475.67. Of the remaining proceeds of the 1998B Bonds, $
shall be applied to pay issuance expenses, and $ . together with any accrued interest on
the 1998B Bonds shall be deposited in the Sinking Fund created pursuant to Section 4.02 hereof.
4.02. Bond Fund So long as any of the Bonds are outstanding and any principal
of or interest thereon unpaid, the City Finance D shall maintain on its books and records a
separate and special bookkeeping fund designated "1997/1998 Medical Facilities Refunding
Bonds Bond Fund" (hereinafter referred to as the "Bond Fund ") to be used for no purpose other
than the payment of the principal of and interest on the Bonds. If the balance in the Bond Fund is
ever insufficient to pay all principal and interest then due on bonds payable therefrom, the City
Finance Director shall nevertheless provide sufficient money from any other funds of the City
which are available for that purpose, and such other funds shall be reimbursed from subsequent
receipts of net revenues of the Municipal Hospital appropriated to the Bond Fund and, if
necessary, from the proceeds of the taxes levied for the Bond Fund. The City hereby appropriates
to the Bond Fund the accrued interest on the Bonds and any amounts to be deposited to the Bond
Fund pursuant to Section 4.01 hereof. The City Finance Director shall deposit in the Bond Fund
the proceeds of all taxes levied and all other money which may at any time be received for or
appropriated to the payment of such bonds and interest, including the net revenues of the •
Municipal Hospital herein pledged and appropriated to the Bond Fund, all collections of any ad
valorem taxes levied for the payment of the Bonds, and all other moneys received for or
appropriated to the payment of the Bonds and interest thereon.
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 April 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.
4.03. Pledge of Net Revenue: Additional Bonds The net revenues of the
Municipal Hospital, to the extent necessary, are hereby irrevocably pledged and appropriated to
the payment of the Bonds and interest thereon; provided that nothing herein shall preclude the
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• City from hereafter making further pledges and appropriations of net revenues of the Municipal
Hospital for the payment of additional obligations of the City hereafter authorized. Such further
pledges and appropriations of said net revenues may be made superior or subordinate to or on a
parity with the pledge and appropriation herein made, as to the application of net revenues
received from time to time. The pledge and appropriation of Net Revenues to pay the Bonds is
hereby made expressly subject and junior to the lien and charge on such net revenues to pay the
Outstanding Medical Facilities Bonds.
4.04. Full Faith and Credit Pledeed The full faith and credit of the City are
irrevocably pledged for the prompt and full payment of the principal of and the interest on the
Bonds and any other obligations payable from the Bond Fund, as such principal and interest
comes due. If the money on hand in the Bond Fund should at any time be insufficient for the
payment of principal and interest then due, this City shall pay the principal and interest out of any
fund of the City, and such other fund or funds shall be reimbursed therefor when sufficient money
is available to the Bond Fund. If on October 1 in any year the sum of the balance in the Bond
Fund plus the net revenues of the Municipal Hospital which are available for the payment of the
Bonds that are on hand and estimated to be received or before the end of the following calendar
year is not sufficient with any ad valorem taxes heretofore levied in accordance with the
provisions of this resolution, to pay when due all principal and interest become due on all Bonds
payable therefrom in said following calendar year, or the Bond Fund has incurred a deficiency in
the manner provided in this Section 4.04, a direct, irrepealable, ad valorem tax shall be levied on
• all taxable property within the corporate limits of the City for the purpose of restoring such
accumulated or anticipated deficiency in an amount at least 5% in excess of amount needed to
make good the deficiency.
Section 5. Defeasance When any Bond has been discharged as provided in this
section, all pledges, covenants and other rights granted by this resolution to the holders of such
Bonds shall cease, and such Bonds shall no longer be deemed to be outstanding under this
Resolution. The City may discharge its obligations with respect to any Bond thereto which is due
on any date by depositing with the paying agent 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 paying agent a sum sufficient for the payment thereof in full
with interest accrued to the date of such deposit. The City may also discharge its obligations with
respect to any prepayable Bond according to its terms, by depositing with the paying agent on or
before that date an amount equal to the principal, interest and redemption premium, if any, which
are 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 Bond, subject to the
provisions of law now or hereafter authorizing and regulating such action, by depositing
irrevocably in escrow, with a bank qualified by law as an escrow agent for this purpose, cash or
securities which are authorized by law to be so deposited, bearing interest payable at such times
and at such rates and maturing on such dates as shall be required to pay all principal, interest and
redemption premiums to become due thereon to maturity or said redemption date.
0
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Section • County Auditor "' o! , Cer of Proceedings. I1 .11'1
of Moneys. Tax Covenant. Arbitrage. Designation of Tax Exempt Bonds as Qualified Tax
Exempt Obligations. Official Statement and Redemption of Refunded Bonds.
6.01. County Auditor 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 the County Auditor shall require, and to obtain from said
County Auditor a certificate that the Series 1990 Bonds have been entered on his bond register 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
purchasers of the Bonds 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. Tax Covenant The City covenants and agrees with the holders from time to
time of the Tax Exempt 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 Tax Exempt Bonds to
become subject to taxation under the Code and the Treasury Regulations promulgated thereunder i
(the Regulations), and covenants to take any and all actions within its powers to ensure that the
interest on the Tax Exempt Bonds will not become subject to taxation under the Code and the
Regulations.
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 thereof a certificate
in accordance with the provisions of Section 148 of the Code, stating the facts, estimates and
circumstances in existence on the date of issue and delivery of the Tax Exempt Bonds which
make it reasonable to expect that the proceeds of the Tax Exempt Bonds will not be used in a
manner that would cause the Tax Exempt Bonds to be arbitrage bonds within the meaning of the
Code and Regulations.
6.05. Arbitrage Rebate The City acknowledges that the Tax Exempt Bonds are
subject to the rebate requirements of Section 148(f) of the Code. The City covenants and agrees
to retain such records, make such determinations, file such reports and documents and pay such
amounts at such times as are required under said Section 148(f) and applicable Treasury
Regulations to preserve the exclusion of interest on the Tax Exempt Bonds from gross income for
federal income tax purposes, unless the Tax Exempt Bonds qualify for the exception from the
rebate requirement under Section 149(f)(4)(B) of the Code and no "gross proceeds" of the Tax
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• Exempt Bonds (other than amounts constituting a "bona fide debt service fund ") arise during or
after the expenditure of the original proceeds thereof.
6.06. Interest Disallowance The City hereby designates the Tax Exempt Bonds as
"qualified tax- exempt obligations" for purpose of Section 265(b) of the Code relating to the
disallowance of interest expenses for financial institutions. The City represents that in calendar
year 1997 and 1998 it does not reasonably expect to issue tax- exempt obligations which are not
private activity bonds (not treating qualified 501(c)(3) bonds under Section 145 of the Code as
private activity bonds for purposes of this representation) in an amount in excess of $10,000,000.
6.07 Official Statement The Official Statement, dated as of November 26, 1997,
and the Addendum thereto dated December 5, 1997, relating to the Bonds (together, the "Official
Statement ") prepared and distributed by Ehlers and Associates, Inc., the financial consultant for
the City, is hereby approved, and the officers of the City are authorized in connection with the
delivery of the Bonds to sign such certificates as may be necessary with respect to the
completeness and accuracy of the Official Statement. Ehlers and Associates, Inc., is hereby
authorized on behalf of the City to prepare and distribute to each purchaser of the Bonds a
supplement to the Official Statement listing the offering price, the interest rates, selling
compensation, delivery date, the underwriters and such other information relating to the Bonds
required to be included in the Official Statement by Rule 15c2 -12 adopted by the Securities and
Exchange Commission under the Securities Exchange Act of 1934. Within seven business days
from the date hereof, the City shall deliver to the purchasers of each of the copies of the Official
Statement and such supplement as provided in the Terms of Proposal for such series of Bonds.
The officers of the City are hereby authorized and directed to execute such notes as may be
appropriate concerning the accuracy, completeness and sufficiency of the Official Statement.
6.08. Redemption of Refunded Bonds The City hereby calls the 1991 Refunded
Bonds for redemption on April 1, 2000, the 1990A Refunded Bonds for redemption on August 1,
1999 and the 1990 Taxable Refunded Bonds for redemption on February 1, 1999. The City
Administrator is authorized and directed to take all steps necessary to call the Refunded Bonds for
redemption.
Section 7. Continuing Disclosure
(a) Pulpose and Beneficiaries To provide for the public availability of certain
information relating to the Bonds and the security therefor and to permit the original purchaser
and other participating underwriters in the primary offering of the Bonds to comply with
amendments to Rule 15c2 -12 promulgated by the Securities and Exchange Commission (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 (as hereinafter defined). The City is the only "obligated person" in respect of
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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 7, 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 7, 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 7
constitute a default under the Bonds or under any other provision of this resolution.
As used in this Section 7, "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 (b) is treated as the owner of the Bond for
federal income tax purposes. As used herein, "Outstanding " means when used with reference to
Bonds means all Bonds which have been issued and authenticated by the Registrar except (i)
Bonds which have been paid in full (ii) Bonds which have been canceled by the Registrar or
surrendered to the Registrar for cancellation and (iii) Bonds which have been discharged as
provided in Section 5 hereof.
(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 365 days after the end of each fiscal year of the City, commencing
with the fiscal year ending December 31, 1997 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 generally accepted accounting principles promulgated
by the Financial Accounting Standards Board as modified 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
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• 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 with respect to the City for such fiscal year
or for the period most recently available of the type set forth below, which
information may be unaudited, but is to be certified as to accuracy and
completeness in all material respects by the-fiscal officer of the City, to the best of
his or her knowledge, which certification may be based on the reliability of
information obtained from governmental or other third party sources:
Current Property Valuations; Direct Debt; Overlapping Debt;
Debt Ratios; Tax Levies & Collections; Net Tax Capacity Rates;
Population Trend; Employment/Unemployment; Larger
Employers; and Larger Taxpayers
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 each of the repositories hereinafter referred to under subsection (b) or the SEC. If
the document incorporated by reference is a final official statement, it must be available from the
Municipal Securities Rulemaking Board. 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
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) of this subsection (b)), 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 7 is amended as permitted
by this paragraph (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.
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(2) In a timely manner, notice of the occurrence of any of the following events •
which is a Material Fact (as hereinafter defined):
(A) Principal and interest payment delinquencies;
(B) Non - payment related defaults;
(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 or events affecting the tax- exempt status of
the security;
(G) Modifications to rights of security holders;
(H) Bond calls;
(1) Defeasances;
(J) Release, substitution, or sale of property securing repayment of
the securities; and
(K) Rating changes.
As used herein, a "Material Fact" is a fact 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, a
"Material Fact" is also 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.
(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 (1) of this subsection (b) at the time specified thereunder;
(B) the amendment or supplementing of this Section 7 pursuant to
subsection (d), together with a copy of such amendment or supplement and any
explanation provided by the City under paragraph (2) of subsection (d);
(C) the termination of the obligations of the City under this Section 7
pursuant to subsection (d);
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(D) any change in the accounting principles pursuant to which the financial
statements constituting a portion of the Disclosure Information are prepared; and
(E) any change in the fiscal year of the City.
(c) Manner of Disclosure The City agrees to make available the information
described in subsection (b) to the following entities by telecopy, overnight delivery, mail or other
means, as appropriate:
(1) the information described in paragraph (1) of subsection (b), to each then
nationally recognized municipal securities information repository under the Rule and to any state
information depository then designated or operated by the State of Minnesota as contemplated by
the Rule (the "State Depository"), if any;
(2) the information described in paragraphs (2) and (3) of subsection (b), to the
Municipal Securities Rulemaking Board and to the State Depository, if any; and
(3) the information described in subsection (b), to any rating agency then
maintaining a rating of the Bonds and, at the expense of such Bondowner, to any Bondowner who
requests in writing such information, at the time of transmission under paragraphs (1) or (2) of
this subsection (c), as the case may be, or, if such information is transmitted with a subsequent
time of release, at the time such information is to be released.
(d) Term Amendments7 Int=reta ion
(1) The covenants of the City in this Section 7 shall remain in effect so long as
any Bonds are Outstanding. Notwithstanding the preceding sentence, however, the obligations of
the City under this Section 7 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 final judicial or administrative actions or proceedings, the failure of the City
to comply with the requirements of this Section 7 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 7 (and the form and requirements of the Disclosure Information)
may be amended or supplemented by the City from time to time, without notice to (except as
provided in paragraph (3) of subsection (b)) 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
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City, or (b) is required by, or better complies with, the provisions of paragraph (b)(5) of the Rule;
(ii) this Section 8 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.
(3) This Section 7 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 Pavmenr of C er W n Costs of Icsoance of the Bonds
The City Finance Director is hereby authorized and directed on the date of issuance and delivery
of the 1997A Bonds to pay from the proceeds of the sale of the 1997A Bonds, the fees and
expenses of the following persons incurred in connection with the issuance of the 1997A Bonds
up to the maximum amount set forth opposite the name of such person upon receipt by the City of
a satisfactory statement therefor:
Service Maximum
Ra= Performed A mount
Ehlers & Associates, Inc.
Minneapolis, Minnesota Financial Consultant
Moody's Investors Service, Rating of Bonds
Inc.
The claims of the above persons up to the maximum amount set forth opposite the name of such
person is hereby approved and no further action of this Council shall be necessary in connection
with the payment of such fees and expenses of issuance of the Bonds.
The City Finance Director is hereby authorized and directed on the date of
issuance and delivery of the 1998A Bonds to pay from the proceeds of the sale of the 1998A
Bonds, the fees and expenses of the following persons incurred in connection with the issuance of
the 1998A Bonds up to the maximum amount set forth opposite the name of such person upon
receipt by the City of a satisfactory statement therefor:
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0
0
a e
Ehlers & Associates, Inc.
Minneapolis, Minnesota
Moody's Investors Service,
Inc.
The claims of the above persons up to the maximum amount set forth opposite the name of such
person is hereby approved and no further action of this Council shall be necessary in connection
with the payment of such fees and expenses of issuance of the Bonds.
The City Finance Director is hereby authorized and directed on the date of
issuance and delivery of the 1998B Bonds to pay from the proceeds of the sale of the 1998B
Bonds, the fees and expenses of the following persons incurred in connection with the issuance of
the 1998B Bonds up to the maximum amount set forth opposite the name of such person upon
Financial Consultant
Rating of Bonds
Maximum
Amount
receipt by the City of a satisfactory statement therefor:
0
Ehlers & Associates, Inc.
Minneapolis, Minnesota
Moody's Investors Service,
Inc.
Financial Consultant
Rating of Bonds
The claims of the above persons up to the maximum amount set forth opposite the name of such
person is hereby approved and no further action of this Council shall be necessary in connection
with the payment of such fees and expenses of issuance of the Bonds.
Mayor
Attest:
City Administrator
-41-
The motion for the adoption of the foregoing resolution was duly seconded by
Member
favor thereof:
and upon vote being taken thereon, the following Members voted in
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.
-42-
(4- :2d%I
i7EC 5 ?997
•
0
0
ARNOLD, ANDERSON & DOVE
PROFESSIONAL LIMITED LIABILITY PARTNERSHIP
DAVID B. ARNOLD'
STEVEN A. ANDERSON
G. BARRY ANDERSON
LAURA K. FRETLAND
PAUL D. DOVE
JANE VAN VALKENBURG
RICHARD G. McGEE
CATHRYN D. REHER
WALTER P. MICHELS, III
' ALSO ADMITTED IN TEKAi AND NEW YORK
Ms. Marilyn Swanson
Hutchinson City Center
I I I Hassan Street SE
Hutchinson, Mn. 55350
Re: Wetherell Property Acquisition
Our File No. 3 244-97115
Dear Marilyn:
(320) 587 -7575
FAX (320) S87 -4096
RESIDENT ATTORNEY
G. BARRY ANDERSON
December 5, 1997
CITY OF HUTCHINSON
OF COUNSEL
ARTHUR L. DOTEN
TERRI A. SLOMFELT
5881 CEDAR LAKE ROAD
MINNEAPOLIS, MINNESOTA 55416
(612) 545 -9000
FAX (612) 545 -1793
FAX (612) 542 -9210
501 SOUTH FOURTH STREET
PRINCETON, MINNESOTA 55371
(612) 3892214
FAX (612) 389 -5506
At this coming Tuesday evening's City Council Meeting I would respectfiilly request under non - agenda items
that the Council consider authorization for the City to retain Kirk Schrinker as the City's consultant and potential
expert witness for relocation issues in connection with the Wetherell property acquisition and also retain the
services of Braun hrtertec for the purpose of conducting an environmental inspection of the property. The desire
to retain these experts is an outgrowth of the meeting that city officials and the undersigned had with attorney
Lary Martin, representing the interests of Mr. and Mrs. Wetherell, this past Friday.
There is a very significant difference of opinion regarding the value of the Wetherell property when comparing
the appraisals of Mr. Robinson and the appraiser chosen by the Wehterells. Mr. Robinson's appraisal is about
one -half of the value found by Jeff Johnson, the MAI appraiser chosen by Mr. and Mrs. Wetherell. Accordingly,
one issue the Council is going to have to consider is for condemnation purposes whether the City wishes to take
the entire parcel or simply the roadway portion. In that regard, I would respectfully request that an agenda item
be added to the December 23, 1997 City Council Agenda for the purpose of resolving this issue. You can simply
note it on the agenda as 5' Avenue Roadway Eminent Domain Issues. It has also come to my attention that we
will need to acquire property from Mr. and Mrs. Eggert and Dick Lennes is setting up a meeting with John
Rodeberg, myself and Mr. and Mrs. Eggert to address those issues. If we are not able to reach agreement with
Mr. and Mrs. Eggert t hen, in that event, we will also be considering how much of their property might be subject
to condemnation as well.
Thank you. Best regards.
Very truly yours,
ARNOLD, ANDERSON & DOVE, PLLP
,1
G. Barrry Anderson
GBAI�
cc: John Rodeberg
Dick Lennes
Gary Plotz
9
ATTORNEYS AT LAW
101 PARK PLACE
HUTCHINSON, MINNESOTA 55350-2563
CERTIFIED AS A CIVIL TRIAL SPECIALIST BY THE MINNESOTA STATE BAR ASSOCIATION -
* * CERTIFIED AS A REAL PROPERTY LAW SPECIALIST BY THE MINNESOTA STATE BAR ASSOCIATION
OPEN -HOLD COUNCIL
REPORT
09- DEC- 1997page 1
------ ---- --- -----------
1994 TAX INC D S
- -----
PRINCE OF PEACE SENIOR APT. IN
- _ - - - - -_ -__
INCREMENT #7 TAX PAYMENT
___
$13,004.98
< >
$13,004.98-
0
IMPRO CONST
HUTCHINSON UTILITIES
INSTALL NEW STREET LIGHTS
$526.91
<''
$526.91*
1996 IMPRO CONST
DORSEY & WHITNEY
PROFESS SERV
$5,000.00
< >
$5,000.00•
1996 T I CONSTR.
AUGUSTA BUILDING CORP
INCREMENT #8 TAX PAYMENT
$22,256.24
< >
$22,256.24*
1997 IMPR. CONST
AUTOMATION SUPPLY CO
DISKS
$7.64
HANSON & VASEK CONSTRUCTION
SIDEWALK, CURB & GUTTER
$3,896.40
HUTCHINSON UTILITIES
FIBERGLASS POLES
$7,849.07
JUUL CONTRACTING CO
III 97 /EST #1
$10,607.24
KUECHLE UNDERGROUND
L10 97 /EST #3
$78,460.86
QUAM CONSTRUCTION
L1 97 /EST #6
$2,783.11
WM MUELLER & SONS
L6 97 /EST #5
$43,015.50
< *>
$146,619.82*
CENTRAL GARAGE
AM.WELDING SUPPLIES
WELDING SUPPLIES
$20.18
BRANDON TIRE CO
REPAIRS UNIT #27
$248.03
CARQUEST AUTO PARTS
FILTERS, BELTS, NUTS
$708.59
CITY OF HUTCHINSON
DEC MEDICAL
$432.09
COAST TO COAST
HDWE
$8.04
FORTIS BENEFITS
DEC LTD
$20.36
G & K SERVICES
UNIFORMS
$64.65
H &L MESABI
SNOW PLOW BLADES
$324.10
HOLT MOTORS INC
COIL
$525.39
HUTCH COOP CENEX
TIRE LABOR
$12.00
HUTCHINSON WHOLESALE
BULB, CLEANER, LAMPS
$552.90
J CRAFT
FILTERS
$37.06
JERA13EK MACHINE SERV
STEEL TUBING
$10.95
MN MUTUAL LIFE
DEC LIFE
$7.14
NO STATES SUPPLY INC
HDWE
$88.77
.
RUNNING'S SUPPLY
CHAIN, CLEVIS
$73.31
US POSTAL SERVICE
NOV POSTAGE
$24.32
< >
$3,157.88*
CITY HALL CONST.
ST. CROIX RECREATION CO
BOSTONIAN BENCH
$1,060.78
< '
$1,060.78*
GENERAL FUND
AAGARD WEST
DEC SERVICE
$814.20
ACOMA TOWNSHIP
97 TAX COLLECTION PAYMENT
$567.70
ALLEN OFFICE PROD
CALCULATORS, PLANNERS
$25.77
ANOKA ELECTRIC COOP
ELECTRICAL SAFETY PROGRAM
$450.00
ARNOLD & MCDOWELL
NOVEMBER COMPENSATION
- $6,866.00
AUTOMATION SUPPLY CO
DISKS
$15.29
BECKER ARENA PRODUCTS
EDGER BLADES
$95.36
BENNETT OFFICE SUP.
TONER
$310.88
BIG BEAR
WELD ROD
$16.34
BRANDT GARNET LETTERING
TEXT & GRAPHIC, EMBROIDERY
$47.70
BRAUN INTERTEC CORP
PROFESS SERV -PVMT MGMT SYSTEM
$1,017.54
BREMIX CONCRETE CO
PORTLAND CEMENT
$7.99
BUS. RECORDS CORP.
MISC ELECTION
$700.01
BUSINESSWARE SOLUTIONS
LABOR CHARGE
$398.89
CASH WISE
SUPPLIES
$178.59
CDI OFFICE PRODUCTS LTD
TRANSPARANCY FILM
$113.06
CENTRAL GARAGE
NOV REPAIRS
$12,938.26
CHAMBER OF COMMERCE
HUTCHINSON NOTE CARDS
$18.00
CITY OF HUTCHINSON
NOV FUEL
$37,511.91
COAST TO COAST
WELDING ROD
$162.62
COMM TRANSPORTATION
HANGAR LOAN PYMT
$700.00
COMMUNITY EDUCATION
COMMUNITY EDUCATION -SEPT 1997
$4,264.74
COUNTRYSIDE RV SALES
REPAINT
$588.75
DEPT NATURAL RESOURCES
DNR FEES TO STATE
$1,747.00
ECOLAB PEST ELIM
NOVEMBER SERVICE
$22.37
FORTIS BENEFITS
DEC LTD
$1,650.68
I
lo-141
OPEN -HOLD COUNCIL REPORT 09- DEC- 1997page 2
----- ----- --- --------
GENERAL FUND
- - - - -- _
G & K SERVICES
____------- ____------------------
UNIFORM
- - -___
$819.12
GALL'S INC
HARD SEAT ORGANIZER
$55.98
GE CAPITAL
PARTS
$1,512.30
HAGER JEWELRY
NAME PLATE
$8.83
HANSEN DEMOLITION LANDFILL
LANDFILL
$43.50
HCVN -TV
COPY PROGRAMS
$10.85
HEMMAH, KATHY
FALL DECORATIONS
$25.35
HILLYARD FLOOR CARE / HUTCHINSON
SOAP
$194.17
HOLYLAND BIBLE KNOWLEDGE
SR TOUR ADMISSION -21 SENIORS
$52.50
HOVERSTEN, LEAH
REFUND -CLASS CANCELLED
$8.00
HUTCH COMM HOSPITAL
DRUG SCREENING
$28.00
HUTCH CONVENTION &
OCTOBER LODGING TAX
$5,985.53
HUTCH COOP CENEX
LP GAS BOTTLE
$148.99
HUTCH PLBG & HTG CO
SERVICE CALL
HUTCHINSON LEADER
NOVEMBER ADS
$ $162.62
921.07
HUTCHINSON TEL CO
DEC SERVICE
$5,598.00
HUTCHINSON UTILITIES
HPS LAMPS
$6,315.53
HUTCHINSON WHOLESALE
FILTER, PUS BLOC
$106.72
INK SPOTS
PAPER
$119.53
JACK'S UNIFORMS & EQUIPMENT
SHIRTS, EMBLEMS, PANTS
$219.45
JOHANSSON, PETER
SOCCER COACH
$42.00
JONNY'S RESTAURANT
MEAL CHARGES
$27.45
JUUL CONTRACTING CO
BACKHOE, LABOR
$243.00
K MART
IB, KNOL CAPS
$12.97
KAHLER HOTEL
ROOM CHARGES
$455.40
KUSTOM SIGNALS INC
SPEAKER
$105.64
LENNES, RICHARD
NOVEMBER COMPENSATION
$2,407.42
LOGIS
NOV SERVICE
$6,304.58
LYNN TOWNSHIP
1997 TAX COLLECTION PAYMENT
$2,036.50
M.I.A.M.A.
REG -MARV HAUGEN
$301.28
MCGARVEY COFFEE INC
COFFEE
$106.89
MCKEE, SCOTT
REFUND -CLASS CANCELLED
$8.00
MID -MN HOT MIX INC
BITUMINOUS PATCHING
$1,503.23
MINNCOMM PAGING
DEC -FEB PAGER
$125.72
MN DEPT OF REVENUE
AUTO CAD UPGRADES
$287.98
MN ELEVATOR INC.
ELEVATOR SERVICE
$71.02
MN MUNICIPAL BOARD
ANNEX FEE
$100.00
MN MUTUAL LIFE
COBRA -DEC LIFE- MATTSFIELD
$520.59
MODERN MAZDA
TOW
$17.04
MR. MOVIES
VIDEO RENTAL
$2,99
NATIONAL ALLIANCE YOUTH SPORTS
T- SHIRT, VIDEO
$46.90
.
NO STATES SUPPLY INC
HARDWARE
$77.85
OLSONS LOCKSMITH
LABOR CHARGE
$45.00
PARTIES PLUS
STICKERS, DECO
$9.32
PEACE LUTHERAN CHURCH
ROOM CHARGE, MEALS
$197.50
PETERSON, SONJA
OFFICE SUPPLIES
$1.91
PLATH, SUE
REFUND -CLASS CANCELLED
$8.00
POPP ELECTRICAL INC
SERVICE CALL, MATERIALS
$83.63
POPP, JIM
REIMB- MILEAGE
$7.13
PRO AUTO CLEAN
CLEAN SQUAD 8
$125.78
QUADE ELECTRIC
75W BULBS
$34.61
R & T SPECIALTY
DAREN LION DOLL
$30.00
RANNOW, BRUCE
REFUND - CANCELLED CLASS
$38.00
RELIABLE
WALL POCKET
$9.94
RUNNING'S SUPPLY
BRUSHES, HOWE
$202.90
RUTZ PLBG & HTG
REPAIR KIT
$31.84
SCENIC SIGNS
TRAIL SIGN
$26.02
SCHLUETER, JACOB
YOUTH TACKLE FOOTBALL COACH
$150.00
SEVEN WEST WASH & DRY
LAUNDRY
$11.13
SEWING BASKET
EMBLEMS ON SHIRT, PANTS HEM
$28.22
SIVRIGHT, LORA
HOURS WORKED
$360.00
SR.CENTER ADVISORY BD
REIMS -CRAFT CLASS SUPPLIES
$58.00
STANDARD PRINTING
FOLDERS
$10.54
STREICHERS
FILTERS
$54.97
SUBWAY
PARTY PLATTER, POP, COOKIES
$61.78
TEMPLETON INC
ER CONTRIB OCT - DEC 1997
$745.53
TRI CO WATER COND
SALT
$190.59
TWO WAY COMM INC
REPLACE TOP COVER
$75.49
US POSTAL SERVICE
NOV POSTAGE
$960.00
VOSS LIGHTING
METAL HALID
$186.27
WAL -MART
CANDY, SNACKS, CUPS
$37.76
WEDIN, CHUCK
REIMB- PARKING FEE
$4.90
WILSON, KEVIN
CASH ADVANCE FOR TRAVEL
$517.00
WRIGHT, NORMAN
REFUND -ADAPT REC TOUR FEE
$40.00
mo t '
$112,713.90*
OPEN -HOLD COUNCIL REPORT
09- DEC- 1997page 3
HUTCH TRANS FAC.
______ _
BEST ACCESS SYSTEMS
----------------------------
KEYS, MASTER KEYS
- - - ---
$35.23
_
COAST TO COAST
CLEANER
$27.26
G & K SERVICES
UNIFORMS
$229.20
G F NEMITZ SONS
ACETONE
$31.42
HILLYARD FLOOR CARE / HUTCHINSON
EXTENTION POLE, BRUSH
$99.90
HUTCHINSON TEL CO
DEC SERVICE
$506.72
HUTCHINSON UTILITIES
NOV GAS & ELEC
$3,325.21
KLEESPIE
FILL CAP
$183.28
MCGARVEY COFFEE INC
COFFEE
$35.63
RCH INC
FUEL
$5,230.82
RUNNING'S SUPPLY
THERMOMETER
$10.94
SCHMELING OIL CO
OIL
$269.45
SORENSEN FARM SUPPLY
FAN REPAIR
$30.49
UNITED BLDG CENTERS
LEXEL CLEAR SEALANT
$49.43
US POSTAL SERVICE
NOV POSTAGE
$1.28
< *>
$10,066.26*
INSURANCE FUNDS
CASH WISE
HAW
$20D.42
MCLEOD CTY PUBLIC HEALTH NURSI
BLOOD PRESSURE SCREENINGS
$56.00
< *>
$258.42*
LIQUOR STORE
AAGARD WEST
DEC SERVICE
$45.20
AM.LINEN SUPPLY CO
DELIVERIES
$163.06
BELLBOY CORP
NOV MISC PURCHASE
$2,366.60
BERNICKS PEPSI COLA
NOV BEER PURCHASES
$908.20
CDI OFFICE PRODUCTS LTD
OFFICE SUPPLIES
$259.80
CITY OF HUTCHINSON
DEC MEDICAL
$1,053.13
CITY OF HUTCHINSON- GENERAL FUN
TRANSFER TO GENERAL FUND
$150,000.00
ED PHILLIPS & SONS CO.
NOV WINE PURCHASE
$2,430.57
FORTIS BENEFITS
DEC LTD
$51.06
GRIGGS COOPER & CO
NOV LIQUOR - REMAINING AMOUNT
$2,771.20
HENRYS FOODS INC
NOV MISC PURCHASE
$1,990.24
HERMEL WHOLESALE
NOVEMBER MISC PURCHASES
$334.07
HUTCH PLBG & HTG CO
MATERIALS, LABOR- REPAIR COOLER
$534.25
HUTCHINSON AMBASSADORS
BOOTH AT FOOD FARE
$10.00
HUTCHINSON LEADER
NOV ADS
$775.38
HUTCHINSON TEL CO
DEC SERVICE
$137.51
HUTCHINSON UTILITIES
NOV GAS & ELEC
$741.51
IOWA ROTOCAST PLASTICS
SUPER COOLER BLACK LID
$39.95
.
JOHNSON BROTHERS LIQUOR CO.
NOV WINE PURCHASE
$1,220.25
JORDON BEVERAGE INC.
NOV BEER PURCHASE
$1,261.77
KARP RADIO
NOVEMBER ADS
$100.00
LENNEMAN BEVERAGE DIST. INC
NOV BEER PURCHASE
$4,897.10
LOCHER BROS INC
NOV BEER PURCHASE
$11,047.35
MCGARVEY COFFEE INC
COFFEE
$33.25
MN DEPT OF REVENUE
SUPER COOLER BLACK LID
$2.60
MN MUTUAL LIFE
DEC LIFE
$18.06
PAUSTIS & SONS
NOV WINE PURCHASE
$228.88
QUALITY WINE & SPIRITS CO.
DEC LIQUOR PURCHASE
$647.01
ST. CLOUD RESTAURANT SUPPLY
NOV MISC PURCHASE
$341.53
STANDARD PRINTING
BROTHER TAPES
$185.36
TRI CO WATER COND
WATER
$57.18
TRIPLE G DISTRIBUTING INC
NOV BEER PURCHASE
$8,813.10
US POSTAL SERVICE
NOV POSTAGE
$90.15
< *>
$193,555.32*
PAYROLL FUND
AETNA VARIABLE LIFE ASS. CO.
EE CONTRIB
$575.00
AMERICAN EXPRESS
EE CONTRIB
$76.80
GREAT WEST LIFE INS. CO.
EE CONTRIB
$100.00
H.R.L.A.P.R.
EE CONTRIB
$164.00
ICMA RETIREMENT TRUST
EE CONTRIB
$2,366.92
PERA LIFE INS CO.
EE CONTRIB
$118.50
PERA- D.C.P.
EE CONTRIB
$52.02
PRUDENTIAL
EE CONTRIB
$180.00
PRUDENTIAL MUTUAL FUNDS
EE CONTRIB
$30.00
PUBLIC EMPLOYEES
EE CONTRIB
$15,114.27
TEMPLETON INC
EE CONTRIB
$258.46
WADELL & REED
EE CONTRIB
$150.00
< >
$19,185.97*
PUBLIC SITES
DMC DEVELOPMENT
OVERPYMT OF PARKLAND AGREEMENT
$9,000.00
MCLEOD COOP POWER
ELECTRIC HOOKUP
$800.00
OPEN -HOLD COUNCIL REPORT
09- DEC- 1997page 4
________________________
_____________________ ______________
<*> $9,800.00*
F. D
SCDP 97 Hsg Reh
WATER /SEWER FUND
1 0
CITY OF HUTCHINSON
GRASAVAGE, BILL
HRA
AAGARD WEST
AM.PAYMENT CENTERS
ARNOLD'S OF GLENCOE
BIG BEAR
BREMIX CONCRETE CO
BUSINESSWARE SOLUTIONS
CAMERA SHOP
CDI OFFICE PRODUCTS LTD
CENTRAL GARAGE
CITY OF HUTCHINSON
CITY OF HUTCHINSON- GENERAL
COAST TO COAST
CROW CHEMICAL CO
CULLIGAN WATER COND
FORTIS BENEFITS
G & K SERVICES
HARRIS CONTRACTING
HUTCH COOP CENEX
HUTCHINSON TEL CO
HUTCHINSON UTILITIES
HUTCHINSON WHOLESALE
L & P SUPPLY CO
LEAGUE OF MN CITIES
LOGIS
MCGARVEY COFFEE INC
MN DEPT OF REVENUE
MN MUTUAL LIFE
MN VALLEY TESTING LAB
MOONEY & ASSOCIATES
NALCO CHEMICAL CO.
NOV FUEL
CONSULTING
ADMIN COSTS
NOVEMBER PICKUP
PAYMENT CENTER RENTAL
SHOP SUPPLIES, PICKUP
PAIL, HDWE
VINYL TILE, COUPLER
LABOR
SLIDES, FILM
INDEX, BINDERS, PENS
NOV REPAIRS
NOV FUEL
FUN TRANSFER TO GENERAL FUND
NEWLIN'S WELDING & TANK MAINT
QUADE ELECTRIC
RUNNING'S SUPPLY
SERCO LABORATORIES
TRI CO WATER COND
TRIMBLE NAVIGATION
US POSTAL SERVICE
USA WASTE SERVICES INC
WITTE SANITATION
CLEANER
COVERALLS, BAGS
UNIT RENTAL
DEC LTD
UNIFORMS
REBUILD FLOAT
CYLINDER
DEC SERVICE
NOV GAS & ELEC
CUP, BEARING
LABOR CHARGE
DEDUCTIBLE BILLING
NOV SERVICE
COFFEE, HOT CHOC
TRIMBLE PR XR MAPPING
DEC LIFE
WATER TESTS
PILOT STAIN STL
NALCO 7396 WATER STABI
REPAIR LEAK
LAMPS
BULBS, HARDWARE
WATER TESTS
SALT
TRIMBLE PR XR MAPPING
NOV POSTAGE
LOADS 11/3 THRU 11/14
TRUCK TIME & LABOR
SYSTEM
SYSTEM
$116.15
$116.15*
$382.26
$1,400.00
$1,782.26*
$28,727.74
$70.56
$1,149.41
$76.69
$87.49
$187.50
$13.54
$169.66
$921.77
$4,659.48
$150,000.00
$342.54
$97.12
$14.00
$214.16
$357.83
$1,257.25
$553.50
$699.14
$17,616.74
$230.26
$185.01
$853.75
$2,380.07
$51.00
$865.38
$74.97
$66.00
$638.57
$5,327.66
$5,200.00
$15.98
7.98
W9.60
$21.73
$12,524.95
$518.25
$4,225.55
$150.00
$241,152.83*
$780,257.72*
40
IMMEDIATE PAY COUNCIL REPORT
09- DEC- 1997page 1
--- ------------------- - - ---- - _-----------
GENERAL FUND DEATRICK- ANDRE, SALLY
__-- - -_ -__ _- ____- _- ______
ENTERTAINMENT- HOLIDAY PARTY
-____
$60.00
_
DEPT NATURAL RESOURCES
DNR FEES TO STATE
$2,661.00
HISTORY THEATRE
SR TOUR -30 TICKETS
$345.00
HUBIN PUBLISHING CO
JOB FAIR ADS
$80.00
MN DEVELOPMENT CONFERENCE
REG -D LENNES
$150.00
<*>
$3,296.00*
LIQUOR STORE CITY OF HUTCHINSON- GENERAL
FUN PAYROLL 11/21
$7,503.61
QUALITY WINE & SPIRITS CO.
OCT LIQUOR PURCHASE
$4,292.94
<*>
$11,796.55*
$15,092.55*
WIRE TRANSFERS
Withholding Tax - Payroll 11/28 $32,856.27
MN Department of Revenue - Payroll 11/28 6,677.48
0
0
SAFETY MEETING MINE
• 11- 20-9
Members present: Floyd, John, Dick, Eldon, Brenda, Jim, Scott, Mark, Ken
Review of minutes: look good
Accident reports: 2 reported
Safety recognition: Brenda and Scott presented their findings and handed out a
memorandum about it. More info will be coming and if anyone would like to participate
contact Brenda.
Street Closure/ Barricades - Floyd reported that the police chief is willing to provide info
on this procedure. Group felt that a video or session should be done on this because so
many areas are affected. Dick will talk to Crary about this.
Lock out Tag out: follow up discussion from last meeting. Committee will look into
running a general session for those interested or affected.
Membership: John, Jim, Eldon, Dick, and Marilyn's terms are all up. Replacements must
be found and brought to the December meeting(to avoid re appointment)! Floyd has
graciously volunteered to chair the next year with Mark Wiess serving as Vice chair. New
• members terms will start in January.
Fire Chief - group decided to let Brenda handle job description and will send out a memo
to Gary after this position is filled requesting services for training and resources.
Walk throughs: will utilize Berkeley Risk Management to have audits done on buildings.
Safety shorts: Parks had PTO training - Arena had defensive driving video - waste water
had personal protection equipment training
NWk and John are required to relocate the first aid stuff to the Rec center.
•
THE HUTCHINSON
LIGHT TRAFFIC
ADVISORY BOARD
HUTCHINSON LIGHT TRAFFIC ADVISORY BOARD
11
Monday, November 17, 1997
5:30 p.m.
Members Present: Ed Doring, Acting Chairman, Archie Woodworth, Dave Conrad, Brian Bonte, Leslie
Smith, Lucille Smith and Kay Peterson
Staff Present: Dolf Moon, John Rodeberg and Bonnie Baumetz
1. NEW MEMBER UPDATE
• Dolf Moon will contact Jim Bauman, 3M, regarding including an individual from that company to
finish Richard Paxton's term which will be up on December 31, 1999. Leslie and Lucille Smith and
Archie Woodworth indicated they would agree to be appointed to another term ending December 31,
2000. Rick Larson will contact Dave Radloff regarding his interest in remaining on the board.
H. COUNTY WIDE TRANSIT UPDATE
John Rodeberg reported there has not been a date set for a second meeting.
HI. REVIEW OF THE CRAIG AVE. BIKE PATH OPTIONS
Kay Peterson reported on the City Council meeting held October 28th at which time there was to be
action on beginning the process to acquire easements from Aveyron Home property on Dale Street.
The action was deferred by the Council for 6 months as there were Craig Ave. residents in attendance
objecting to the request.
Dolf stated Rick Larson would like to have a workshop meeting with the City Council to discuss trails,
lanes and handling the animosity by some city residents. Kay stated a meeting with the Council is a
good idea. The Advisory Board would then know the priorities of the Council in regard to future
planning of bike paths throughout the city.
IV. UPDATE ON COSTS FOR SYSTEM IMPROVEMENTS
John stated the proposed projects, costs and prioritization will be available for the January meeting.
•
V. UPDATE ON COMMUNITY PARTNERSHIP AWARD •
Dolf reported the information has been submitted and that the competition is stiff. ( Dave Mueller
noted in correspondence to Bonnie that he has not received word on our status. The award
presentation was to take place on November 16 -19 in Vienna Virginia. Dave would assume that we
did not receive an award.)
VI. OTHER ITEMS
— John reported on the pedestrian bridge located behind ShopKo which was funded by 3M. The
3M Cares group will be working to develop the area by the river.
— Dolf reported the Luce Line trail closure by Arch Street is on hold. MnDot said no funds.
-- John stated the 5th Ave. bridge underpass will be constructed like Bluff St. bridge.
-- Ed reported on a group he is working with to develop a trail from Hutchinson to Glencoe.
He stated it is a slow process.
VII. NEXT MEETING
The next meeting will be ajoint workshop with the City Council at 4:30 p.m. on Tuesday, January 13,
1998, in the Main Conference Room at the City Center. Bonnie will place the request on the 11-25-97
Council Agenda. The Light Traffic Advisory Board follow up with their regular meeting at 5:30 p.m.
Items for the agenda will include: election of officers, set meeting time and dates for 1998, new •
member update, county wide transit update, update on costs and prioritization of system
improvements.
VIII. ADJOURNMENT
The meeting adjourned at 6:30 p.m.
cc: Dolf Moon
Dave Mueller
John Rodeberg
Brenda Ewing
.
TO: Mayor and Council
Hutchinson Fire Department
205 7LIrd Avenue SE
Hutchinson, MN 55350 -2673
320 - 587- 2506/Fax 320 - 2344"9
FROM: Brad Emans, Fire Chief
..
The fire department responded to 20 calls for service in November.
f
1 -
Residential
2 -
Commercial/Industrial
3 -
Multi- family
1 -
School Type Buildings
2 -
Rescue
3 -
Carbon Monoxide
• 2 -
Breakdown
Haz Mat
Rural -
1 -
of the calls
Commercial /Industrial
2 -
Rescue
1 -
Vehicle
2 -
Carbon Monoxide
Drills /Meetings for the month
• Flooding in SW Minnesota
• Confined Space (SCBA)
• Electrical Safety
• County Chiefs Meeting
/bb
K%FIREICCUPDATE.
•
Printed on recycled paper -
Hutchinson Fire Department
Regular Meeting
Monday November 3, 1997
The meeting opened at 9:05 p.m.
The minutes from the previous months meetings were read and approved.
Committees
Election - Jim Brodd has a sign -up sheet in the control room for the offices of Chief and
Company Captains.
Uniforms - Rob Carlson will order Fire Dept. coats this week. Pay Rob when they arrive.
X -mas Party - Randy Redman sent around a sign -up sheet for the December 20"' Christmas
party trip to the cities.
Bills
General Account
Joe's Sport Shop
Sewing Basket
Triax Cablevision
TOTAL
Runs
$322.00 Subway $24.10
$10.65 Gary Henke $138.52
$3.46
$498.73
10-8
Middle School
10-6
Drill & Meeting
10.12
Rescue 10-52 Hwy. 22 S.
10-6
SCBA's
10-16
Mutual Aid - Buffalo Lake
10-13
Drill
10-16
Clinton House Apts.
10-20
Drill
10-17
Dumpster- South Grade Road
10-27
Regional Meeting
10-17
Hospital - Alarm
10-20
False Alarm - Flinn
10-21
Rescue 10-50 Lynn Twsp.
10-24
Alarm - 3M
10-28
CO - Officer Only
10-28
Rescue 10.52 Hwy. 7 West
10-29
Rescue Lynn Rd.
10-29
CO - Officer Only
10-30
False Alarm - Flinn
1031
Alarm - Bums Manor
i
MMS to approve the bills and runs as read. Motion Passed
Communications
A letter of resignation and retirement was read from Gary Henke. MMS to accept with regrets.
Motion passed.
New Business
Tom Glaeser of the membership committee stated that Ryan Pederson with be on probationary
full -time status as of November 3 1997.
Tom Pessek stated that 2337 will be out of service getting the dutch and the slave cylinder fbced.
Asst. Chief Steve Schramm talked about the new keys and security of the Fire Station. General
discussion followed.
Asst. Chief Steve Schramm stated that the new tum -out gear has been ordered.
Asst. Chief Dan Steele stated that the SCBA trailer will be here on November 10"' for drill. Dan
also stated the drill for November 17 will be put on by Anoka Coop Electric on elecMcal safety.
Chief Steve Brad Emans stated that 3M has donated $400.00 to the department for Fire
Prevention.
Meeting Adjourned at 9:45 PM.
Jim Brodd
Secretary
4,
1
i 1
v
�a5 061-
0
N 0 T I C E O F A P P O I N T M E N T
ti w
640 Park Island Drive
Hutchinson, Minnesota 55350
County of McLeod
Congressional District Two
Because of the spacial trust and confidence I have in your integrity,
judgment and ability, I have appointed and commissioned you to have and
. to hold the said office of:
PUBLIC MEMBER
BOARD OF ARCHITECTURE, ENGINEERING, LAND
SURVEYING, LANDSCAPE ARCHITECTS, GEOSCIENCE &
INTERIOR DESIGN
Effective: December 8, 1997
Expiring: First Monday in January, 2001
This appointment carries with it all rights, powers, duties, and
emoluments granted by law and pertaining to this position until this
appointment is superseded or annulled by me or other lawful authority
or by any law of this State.
IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Great
Seal of the State of Minnesota to be affixed at the Capitol in the City
1, December 2, 1997.
Governor
Secr ry of State
Fred Patch
Co
ARNE H. CARLSON
9 0t,e 'Y Sores cl eswa
•
- 6,534.59
- 64,994.80
- 83,000.00
78.31%
33%
PIONEERLAND LIBRARY SYSTEM
-8274
- 79490
- 1,08400
73.33%
REVENUE AND EXPENDITURE REPORT
HEALTH INSURANCE- DEDUCTIBLE
0.00
- 320.00
OCTOBER 31, 1997
100.00%
839 1 0
• PAYROLL TAXES
HUTCHINSON
- 7,02923
- 9,130.00
76.99%
839/0
BOOKS
M -T -D ' Y -T -D
- 17,306.14
% OF
% OF
REVENUE:
AMOUNT AMOUNT
BUDGET
BUDGET
YEAR
RESERVE
0.00 45,779.37
46,803.00
97.81%
83%
CITY OPERATING
0.00 77,341.00
77,341.00
100.00%
83%
COUNTY OPERATING
11,117.50 44.470.00
44,470.00
100.00%
83%
GIFTS
420.00 2,011.56
600.00
335.26%
83%
CHARGES, FINES
77.30 695.90
350.00
198.83%
83%
EQUIPMENT RENTALS
0.00 22.00
25.00
88.00%
Vl%
BOOK SALES
0.00 2,212.55
1,500.00
147.50%
8--%
OTHER
80.00 80.00
0.00
0.00%
33%
TOTAL REVENUES
11,614 30 172
171,089.00
100,84%
83%
EXPENDITURES.
SALARIES
- 6,534.59
- 64,994.80
- 83,000.00
78.31%
33%
HEALTH INSURANCE
-8274
- 79490
- 1,08400
73.33%
83%
HEALTH INSURANCE- DEDUCTIBLE
0.00
- 320.00
- 320.00
100.00%
839 1 0
• PAYROLL TAXES
- 707.90
- 7,02923
- 9,130.00
76.99%
839/0
BOOKS
- 2.970.43
- 17,306.14
- 29,000.00
59.68%
83%
PERIODICALS
0.00
- 2,908.75
- 5,000.00
58.18%
83%
VIDEOS
0.00
- 350.00
- 350,00
100.00%
83%
BINDINGS
0.00
-18.52
- 100.00
78.31%
83%
POSTAGE & SHIPPING
-72.00
- 690.35
- 1,000.00
69.04%
83
NEW EQUIPMENT
0.00
- 2.710.43
- 12,000.00
22.59%
839'0
MAINTENANCE CONTRACTS
0.00
0.00
- 500.00
0.00%
SUPPLIES
-95,84
- 957.28
- 3,000.00
31.91c,'o
83%
PROMOTIONAL & PROGRAMS
0.00
0.00
- 200.00
0.00%
83%
INSURANCE
0.00
- 1,134.46
- 1,157.00
98.059/0
83 °0
ADS & LEGAL NOTICES
0.00
0.00
- 100.00
0.00%
83 °lc
AUDITING
0.00
-70.97
-64.00
110,89%
800
BOOKKEEPING
-30.00
- 300.00
- 360.00
83.33%
e l l%
CONTINUING EDUCA T IOf i
000
0.00
- 365.00
0.00%
83 0 .'0
SALES TAX
0 CO
- 1-,6.88
- 200.00
68.19%
88:5
TOTAL EXPE ?dDI7URES
10.x93. 0
99,722.3"
- 146.930.00
67 sT6
334%
FUNDS AVAILABLE
1,121.30
72,810.07
24,159.00
- 301.38%
83%
•
s
CITY OF HUTCHINSON
CITY OF HUTCHINSON
LIQUOR STORE COMPARISON
LIQUOR STORE COMPARISON
NOVEMBEF 19%
NOV -
1997
NOVEMBER
TOTAL
TOTAL
1996 LIQUOR
BEER
WINE
MISC.
TOTAL
BY WEEK
LIQUOR
BEER
WINE
MISC.
TOTAL
BY WEEK
1 3,219
5,631
1,583
379
10,812
1
3,620
5,670
1,354
540
11,184
11,184
2 3,550
5,818
1,221
507
11,098
21,908
3
1,793
2,025
378
149
4,345
4 1,760
2,093
494
182
4,529
4
1,819
2,095
579
198
4,691
5 1,130
1,771
381
136
3,419
5
1,936
2,857
591
272
5,656
6 2,117
2,659
375
260
5,412
6
3,035
3,510
916
188
7,649
7 2,443
3,579
652
294
6,969
7
3,902
5,546
1,619
426
11,493
8 3,572
5,375
1,151
487
10,585
8
3,258
4,981
1,260
599
10,098
9 3,225
4,344
1,164
671
9,404
43,932
40,317
10
1,594
2,561
579
216
4,950
11 1,291
1,798
467
169
3,724
11
1,636
1,984
487
131
4,238
12 1,644
1,921
506
175
4,247
12
2,332
2,325
907
146
5,710
13 1,690
2,229
519
331
4,770
13
2,210
2,735
852
242
6,039
14 2,097
3,190
732
192
6,211
14
3,424
5,724
1,329
369
10,868
15 3,602
4,982
1,225
373
10,182
-
15
4,496
5,183
1,515
401
11,595
18 3,524
5,048
1,430
437
10,439
43,398
39,573
17
1,745
1,857
601
240
4,443
18 1,737
2,235
456
258
4,686
18
1,465
1,887
478
223
4,053
19 1,329
1,964
522
104
3,919
19
1,834
2,555
852
178
5,419
20 2,153
1,851
471
155
4,630
20
1,948
2,863
888
390
6,089
21 1,888
2,659
668
160
5,378
21
3,763
5,959
1,997
656
12,375
22 4,322
5,230
1,835
516
11,904
22
3,796
5,904
2,035
381
12,116
23 3,664
5,020
2,001
444
11,129
44,495
41,843
24
2,449
2,848
1,215
213
6,725
25 2,487
2,306
910
403
6,106
25
2,953
3,898
2,283
294
9,428
26 3,291
3,009
1,950
137
8,387
26
7,719
10,903
7,878
795
27,295
27 7,773
10,134
6,921
706
25,534
27
THANKSGIVING
0
28 THANKSGIVING
0
28
4,060
5,189
1,432
418
11,099
29 3,873
4,676
1,094
334
9,977
29
3.417
5,077
1,463
504
10,461
65,008
30 2.953
4,102
992
301
8,348
58,352
TOTAL 70,335
93,627
29,721
8,110
201,793
TOTALS
70,204
96,136
33,488
8,189
208,017
95 TOTALS 63,164
85,196
26,435
6,183
180,998
96 TOTALS
70,335
93,627
29,721
8,110
201,793
% OF SALE 35
46
15
4
100
% OF SALE
34
46
16
4
100
SALES INC OR DEC
20,795
11
%
SALES INC
OR DEC
6,224
3
%
s
.-� i ,,,819
HUTCHINSON AREA HEALTH CARE
COhyaaele Balrlra Sheet
As of October 31, 1997
ASSET
Current Assets
1 Cph and I nesUnelds - Operations
2 Cash and trbstrrlents - Self- Irnsued
3 Suhbtel Cash b InesaUneMs
4
PaeenVResKWA moeivables
5
Atlowarloee Sx bad debts
B
Advarcss and contractual allowances
7
Net patlenVYesdent and Ukd -party
8
paybr receivables
9
1
10
Other maelvabMs - net
11
lurvenlones
12
Prepaid expenses
13 Taal Current Assets
14
Bond DaspratedlFu nded Depreciation Investrnents
15
UvestrneM in Joint Venbap
16
Plain Assets
Land
17
Buidirps
15
AmaraMtsd depreciation
19
Buildnp lass depredation
20
Equipment
21
AmaralalM depnartaton
22
EgllpmeM lass depreaatlon
23
Cash- constnxAm d equipment
24
Cart uCbn in progress
25
Total Plat Assets
26
Other Assets
Deferred Brnancup oosb
27
Total Funds
(A) (B) W {B)
OCTOBER SEPTEMBER OCTOBER Charge
1997 1997 1998 CY vs PY
S1,OW,953
$2,179,081
$3,511,181
(1,908,228)
956,945
1.064.613
1,073,801
(116.901)
52,581,898
$3,243,927
$4,585,027
(2,023,129)
7,411,175
7,108,989
6,388,767
1,042.408
(1,1165.933)
(1,097 889)
(845,232)
(140,702)
(2,213,1178)
(2.112.155)
(1.697,003)
(516,872)
$4,111,368
$3,897,145
$3,726,532
$38,834
28,784
7853
111,364
(84,580)
450,837
"2,707
515,935
(65,099)
70,755
98.159
64.152
16,803
$7,221,639
$7,689,791
$8.993.010
($1,771,372)
$8,248,818
$6,212784
$5,312.769
1936.048
1133,984
$108,964
$58.984
$75,000
L LARI L ITIES A N D FUND gy1ANCES
Current I>aei5tlea
Current nlalvi ies of
Long hmn debt
Accounts payable - trade
Estimated mWactuM
-rat
Accrued expenses -
Salanes
PTO
Interest
Setf4nsured programs
MN Cam tax payable
Deterred 9abititles
Deferred revenue
Total Current Liab4illes
5165.896
$165,698
1165,696
$0
18,161,195
r
18,1 ",531
17,740,252
440,932
(6,656,173)
(6.798,213)
(6.ta8.303)
(889,670) Lonckerm Dew Ilene cpfrel,l
$11,325,022
$11,346,319
$11,573,969
(5248,937) matrwesl
10,099,373
9,94x,968
9,019,482
989,691
(7,042.422)
(8,975,250)
(6,325,973)
(716,449)
52,988,951
$2,973,619
52.693.509
$273, 441
0 0 0 0
810,328 636,514 208.478 803,850
$15,267.997 $15,122,147 $14,639,613 $628,354 Fund balarre
$227,044 $228,853 $254,473 ($27,428)
129,099,480 $29.362,539 129,258,879 ($159,398) Total Funds
(A) (B) (A) 48)
OCTOBER SEPTEMBER OCTOBER Charpa
1997 1997 1996 CY"PY
$455,771 $455,661 $592.843 ($137,073)
1,297,884 1,234.318 1,090.426 207 .458
957,335 952,335 1,141,936 (184,602)
446,085
890,384
590,892
(153,827)
888,162
824,568
826,440
41,722
156,497
328.560
163.992
(7,495)
452,814
588,685
762,761
(310,167)
51,824
52,734
55,861
(4.040)
51.230
51,230
51,230
0
10.618
1.838
0
10,610
$4 747098 55,158,274 55.285.405 ($537,406)
111,735,266 111736,196 $12713.146 (5977880)
$12,616,216 $12,466,089 $11,260.328 $1,355.868
12 9.099,480 $2 9,382,539 $29,258,879 (1159.396)
FinabinLxts
0.m 1 aTnn
i
I
B1�AH6
in patient revenue
2
Ancillary services
3
Total m patient revernm
4
Out patient revenue
5
Resident Revenue
8
Total paberWresieen( revenue
7
O>I�
Govwmxvttat 6 Policy O lsoamt
8
Free Care
9
Total deduction from revenue
10
Net patierWrssiderq revenue
11
Other operating revenLm
12
Net operating revenue
13
EBneBS95
Salebs
14
Ennplvyea Bene6b
15
Professional Fees
10
Medical Fees
17
UBitles, Mince Contracts a Repairs
18
Food. Drugs 6 Supplies
19
Otte expense
20
Minnesota Care
21
Bad debt
22
hteest
23
Deprecations
24
Total expanses
51.518,083
Excess of not opeabng mvexre
25
over (uncle) opeaft expenses
26
Irneaknent incorne
27
Other nonoperating revenue (net)
28
Total rompers" revenue
9a
Poor Period Aclusbnanla
9b
Net Income
30 Patent days
31 Resident days
32 Out pa6ett services
33 Percent oom par" - budget beds - Hospital
34 Pero" ooagan y- budget beds - Hurokg Honor
35 FTE's
36 Adnulsaions (adhrntad) - Hospital only
37 Expenam (red pe admission (a*mled) - Hosp00l mly
30 Revenue per edr`eeion (adhaled) - Hospital only
39 Net Revenue per admiamon (a*mb4 • Hospital only
40 DWcm ms as a portent of revenues
41 FTE's per 100 adrtiasbns (aqusred) - Hospital 0Ny
42 Days in Net Accounts Rec&mble
43 Case Mot - Home only
44 Came Mix - Hosply
E
HUTCHINSON AREA HEALTH CARE
StsMOet of Romeratas and Fxpegas
Month and Period Ended OtbW 31, 1997
11 18/97
�°
Final
F4tatret.xta
Penn Larson
CURRENT MONTH
YEAR- TO-0ATE
YEAR- TO43ATE
Over (Untder)
Budget
Over (duper) Budget
-
VARIANCE %
Aolual
&ndget
Dollars
Percent
Actisl
BudW
DORM
Percent
Oct-96
1997 vs 1996
$657.510
5578.471
$79,039
13.7%
$5,412,558
55.824,052
($211,494)
-3.8%
4,914,912
10.1%
1,D45,594
939,613
105.981
11.3%
8,257.658
8,824,972
(587.316)
8.4%
7,339,755
12.5%
51,703,104
51.518,083
5185,020
122%
- $13.670,214
$74.449,024
(5778,811)
.5A%
$12,254.667
11.6%
1,744,724
1,739.555
5,169
0.3%
17,062,162
16,492.991
589,171
3.5%
14,730,632
15.8%
356,023
398,081
(40,058)
-101%
3,784,032
3,884,770
(100,738)
-2.6%
3,783,728
0.0%
$3,803,851
$3,653,719
$150,131
4.1%
534,516,408
534,828,788
($310,378)
-0.9%
$30,789,025
12.2%
1,296,505
1,264,846
31,659
25%
11,853,805
12009,060
(155,365)
.1.3%
9,464,051
25.2%
2.588
8,333
(5,746)
88.9%
8,053
83.333
(75.281)
- 90.3%
33,447
.75.9%
$1,299,093
$1,273,180
$25,913
2.0%
$11,861,747
$12.092,393
($230,646)
-91.6%
59,497,496
24 -9%
$2,504,758
52,380,540
$124.218
5.2%
$22,654.681
$22.734,393
($79,732)
-0.4%
521,271,527
6.5%
10,521
13,992
(3,471)
-24.8%
125,820
139,917
(14297)
-10.2%
126,138
-20%
52515,279
$2394,531
$120,747
5.0%
$22,780,280
=,874,310
(594,029)
-04%
521,399,885
6.5%
$1,160,994
$1,064,485
588,508
8.1%
$10,388,133
$10,303,849
$24,284
0.2%
$9,543,598
8.8%
240,234
219,150
21,084
9.6%
2,121,348
2,158,801
(35,456)
-1.6%
2,025,080
4.8%
113,485
106,265
5,20
4.8%
1,208,349
1,155,320
51,029
4.4%
1,006,037
19.9%
155,168
151,660
3,510
23%
1,399,448
1,418,618
(19,170)
-1.4%
1,169,299
191%
147,879
118,087
29,612
25.1%
1,157,904
1,176,644
(18.940)
-1.6%
988,970
17.1%
349,359
319,571
29.788
9.3%
3,078,233
3,043,835
34,398
1,1%
2,777,007
10.8%
58,711
83,875
(25,164)
. 30.0%
720,578
850,025
(129,447)
•15.2%
681,283
5.8%
20,235
23.083
(2,848)
•12.3%
208.045
230,830
(227815)
-9.9%
173,030
20.2%
48,221
37,198
9,023
24,3%
330,755
355,638
(24,881)
-7.0%
303,819
8.9%
34,727
60,321
(25,594)
424%
603,015
615,515
(12500)
-20%
639,831
3.8%
114,605
126,520
(11,715)
.9.3%
1,117,362
1,168,002
(48,640)
-4.2%
1,080,463
3.4%
$2,431,616
52,312,191
$119,425
5.2%
$22.331,169
$22,533,276
($202.107)
-0.9%
$20,3ae,197
T 9.5%
$83,663
$82,340
$1,323
1.6%
$449,111
5341,033
$108,077
31.7%
$1,011,488
.55.6%
$68.618
537,463
531,155
83.2%
5477.880
5374,631
$103,249
27.6%
$358,083
33.5%
(4.133)
(3,499)
(834)
18.1%
(24,668)
(35,559)
10,892
30.8%
(84,591)
-701%
$04,484
$33,901
$30,520
89.9%
$453,213
$339,072
$114,141
33.7%
$273,492
65.7%'
0
0
0
0.0%
0
0
_0
0.0%
400,000
- 100.0%
$148,147
$116,304
531,0
27.4%
$902.324
3680,106
5222,
32.7%
$1,201,96
-29.8
911
758
153
20.2%
7,724
7,268
436
6.0%
7,527
26%
3,390
3,779
(389)
•10.3%
36.1 DO
37,064
(964)
-2.8%
37,268
-3.1%
4,20:1
4,127
76
1.8%
41,452
39.528
1,924
4.9%
38,718
7.1%
49.0%
40.6%
8.2%
20.1%
423%
40.0%
2.3%
5.7%
41.1%
2.9%
86.1%
96.0%
.9.9%
-10,3%
93.5%
96.0%
-2.5%
-2.6%
962%
-2.8%
398,8
379.4
19.2
5.1%
386.8
379.4
7.4
20%
387.1
54%
475
434
42
9.6%
4.609
4,298
312
7.3%
4,386
5.1%
4,190
4,232
(42)
-1.0%
3,x33
4,148
(315)
.7.6%
3,622
5.8%
7,096
7,369
(273)
-3.7%
0,531
7,055
(524)
-7.4%
6,016
a.e%
4.404
4.490
(86)
.1.9%
4,009
4,299
(290)
8.7%
3.881
3.3%
34.2%
34.8%
-0.7%
-2.0%
34.4%
34,7%
-0A%
-1.0%
30,9%
11.3%
4.9
5 -0
-0.1
•2.1%
4.8
5.0
-0.3
•5.3%
4.7
0.0%
53.3
55.0
-1.7
3.1%
50.3
6.0%
2.43
2.40
0.03
1.3%
2.44
2 -40
0.04
1.7%
2.40
1.7%
0.89
0.86
F4tatret.xta
Penn Larson
0 0
11/21/97 HUTCHINSON UTILITIES COMMISSION PAGE
BALANCE SHEET
OCTOBER 31, 1997
TOTAL w w w w
ASSETS
..._—
UTILITY PLANT — AT COST
is LAND 8 LAND RIGHTS
891,734.75
DEPRECIABLE UTILITY PLANT
53 019 070.13 -
- TOTAL UTILITY PLANT
53,910,804.88
LESS ACCUMULATED DEPRECIATION
(20,210, _
TOTAL ACCUMULATED DEPRECIATION
(20,210,534.23)
CONSTRUCTION IN P ROGRESS
968,902
TOTAL CONSTRUCTION IN PROGRESS
968,902.02
TOTAL UTILITY PLANT DEPREC VALUE
34,669,172.6
fi
RESTRICTED FUNDS 8 ACCOUNTS
INVESTMENT — GAS RESERVES
'6 75,454.69
MEDICAL INSURANCE i
100,000.00
BOND 6 INTEREST PAYMENT 1993
1,280,374.75
B RESERVE — 1993
.__1 2 3 89,320.00
U CATASTROPHIC FAILURE FUND
1,250,000.00
TOTAL RESTRICTED FUNDS A ACCOUNTS
I .:
4,695,149.44
CURRENT & ACCRUED ASSETS
CASH IN BANK f
2,779,428.21
INVESTMENTS 8 SAVINGS ACCOUNTS
71 245.04 _
ACCOUNTS RECEIVABLE
1,715,887.79
INVENTORIES
1,254,582.22
PREPAID INSURANCE
63,206.03
- ACCRUED INTEREST RECEIVABLE
46,032.09
MISC — ACCOUNTS RECEIVABLE
1,353.81
TOTAL CURRENT 8 ACCRUED ASSE
5,931,735.19
DEFERRED CHARGE
Ib BOND DISCOUNT 1993
136,154.43
TOTAL DEFERRED CHARGE
136,154.43
TOTAL ASSET ___
45,432
• •
11/21/97 HUTCHINSON UTILITIES COMMISSION PACE
BALANCE SHEET
OCTOBER 31, 1997
0
M M M M TOTAL M M M M
MUNICIPAL EQUITY & LIABILITIES
MUNICIPAL EQUITY
MUNICIPAL EQUITY
29,722,477.20
e
UNAPPROPR REJAINED EARN
TOTAL. MUNICIPAL EQUITY
31,013,218.07
e
LONG TERM LIABI —NET OF
..
_
CURRENT MATURITIES
1993 BONDS
12,230,600.00
ie
TOTAL LONG TERM LIABIL
12.250,000.00
CONSTR CONTRACTS & ACCTS PAY RETAIN
ACCRUED EXPENSES — RETAINAGE
2.976.12
TOTAL CONSTRUCTION 8 ACCTS PAY
2,976.12
CURRENT A ACCRUED LIABIL
ACCOUNTS PAYABLE
1,445,518.06
x
INTEREST ACCRUED
250,312.29
ACCTS PAYABLE TO CITY OF HUTCHINSON
ACED PAYROLL
39,712.64
ACCRUED VACATION PAYABLE
152,755.52
ACCRUED MEDICAL FUND
OS 130.71
r'
ACCRUED REC PAYMENT
551.44
CUSTOMER DEPOSITS
-
99,275.66
p+
OTHER CURRENT 8 ACCRUED LIABILITIES
31 5
m
TOTAL CURRENT 8 ACCRUED LIAR
2, 164, 025.54
n
TOTAL MUNICIPAL EQUITY NL LIAB
3
u
n
u>
�
F
,
e
0 11/21/97
HUTCHINSONIOLITIES COMMISSION
STATEMENT OF INCOME 6 EXPENSES
OCTOBER 31, 1997
PAGE 1 0
YI(GYIUU5 LUKKEMI tlVWGILLD tlUWGI HI',I'1lJRL
YEAR TO DATE YEAR TO DATE YEAR TO DATE DEVIATION BUDGET
INCOME STATEMENT
OPERATING REVENUE
SALES - ELECTRIC ENERGY
9,379,151.73
9,849,990.40
9,515,800.00
334,190.40
1113001000.00
SALES FOR RESALE
301,908.00
889,515.53
570,000.00
319,515.55
570,000.00
NET INCOME FROM OTHER SOURCES
45,689.86
76,767.07
43,913.90
_ 32,
5 4,000.00
-� SECURITY LIGHTS
_
10,750.50
i0,590.50
10,790.00
(199.50)
13,000.00
POLE RENTAL
3,067.75
3,050.75
4,000.00
(949.25)
4,000.00
SALE - GAS
4,588,396.5
5 ,528 0 _
4,66 1�400.00
866,632.4
- 6, GOO, OW.
_
T TOTAL OPERATING REV NM
14,328,964.36
16,357,946.73
14,805,903.00
1,552,043.73
17,941,000.00
CONTRIBUTION_ TO CITY
F'KUUIR.I AUN UF"CKHILU
O w, yaw. Da
1,VY >,1VJ. lY
700. 1.71.J
1aV,1J1.++1
1, aJJ,.]'IJ.VII
562,915.00
PRODUCTION MAINTENANCE
534 ,997.00
436,791.06
455,920.00
19,"28.94
486,100.00
1
PURCHASED POWER
2,195,776.09
1,230 204.72
l,117,350.00
(112,854.72)
1,719,000.00
TRANSMISSION OPERATION
.00
.00
.00
.00
3,400.00
TRANSMISSION MAINTENANCE
19,935.62
80,134.24
69,100.00
(11,034.24)
64,000.00
ELECTRIC DISTR IBUTION OPERATION
174,3
209,597.10 _
184,98
( 24,616. 10 )
X450.00
U CTRIC DISTRIBUTION V AINTENANCE
150,685.45
158,381.99
145,630.00
(12,751.99)
170,100.00
MFG GAS PRODUCTION OPERATION
710.09
881.22
500.00
(381.22)
1,000.00
- -i
MFG GAS PRO MAINTENANCE
248.42
12 592.02
2 000.00
(10,592.02)
2,000.
_
PURCHASED GAS EXPENSE
6,156,540.33
8,330,149.02
7,i24,074.20
(i,206,074.52)
8,360,790.00
GAS DISTRIBUTION OPERATION
190,070.92
194,797.97
207,227.00
12,429.03
244,120.00
GAS DISTRIBUTION MAINTENANCE
38,326.78
45,602.81
44 901.00
(701.81)
54,900.
CUSTOMER ACCOUNTING 6 COLLECTIONS
172,774.67
219,833.54
187,174.00
(32,659.54)
220,800.00
ADMINISTRATIVE 8 GENERAL EXPENSES
1,096,993.36
1,482,342.43
1,205,864.54
(276,477.89)
1,425,116.20
_
DEJ`'RECIATION
1,21 350.00
1,215,600.0
0
1,562,000.00
TOTAL OPERATING EXPENSES
12,840,739.77
14,666,01".86
13,024,533.04
(1,641,478.82)
"5,698,171.20
OPERATING INCOME
1,488.224.59
1,691,934.87
1,781,369.96
(89.435.09)
2.242,828,80
'ss
OTHER INCOME
OTHER - NET
80 943.16
114,331.99
73,550.00
40,781.99
90,000.00
INTEREST INCOME
175,767.29
244,442.78
172,200.00
72,242.78
210,000.00
MISC INCOME
70,398.51
88,525.85
52,200.00
36,325.85
60,000.00
GAIN ON DISPOSAL
.00
.00
.00
.00
1,500.00
MISC INCOME - GAS
276,797.01
319,152.04
251,790.00
67,362.04
327,000.00
-
TOTAL OTHER INCOME
603,905.97
766,452.66
549,740.00
216,712.66
688,500.00
OTHER EXPENSES
DEPLETION - GAS WELLS
.00
.00
.00
.00
iO5,000.OG
MISC EXPENSES
79,21-8.51
102 005.46
59,845.00
(42,16G.46)
71,30G.G0
-=I
INTEREST EXPENSE
_
535,313.66
5W,734.20
502,176.00
i,441.50
599,400.00
J 1
TOTAL OTHER EXPENSES
614,532.17
602,739.66
562,021.00
(40,718.66)
775,700.00
CONTRIBUTION_ TO CITY
562,500.00
562,915.00
560,2
(2,665.00)
TOTAL CONTRIBUTION TO CITY
562,500.00
562,915.00
560,250.00
(2,665.00)
- NON- OPERATING INCOME
(573,126.20)
(399,202.00)
(372,531.00)
173,329.00
675,000.00
675,000.00
4762,200.00
NE INCOME _ __ ___ ___ _ ___ 9 15,098.39 _1,292,732.87 1,20 8,838.96 03,e93
ITY
A NCIL'
CITY OF HUTCHINSON
CITY OF HUTCHINSON
LIQUOR STORE COMPARISON
LIQUOR STORE COMPARISON
NOVEMBEF 19W
NOV
1997
NOVEMBER
TOTAL
TOTAL
19% LIQUOR
BEER
WINE
MISC.
TOTAL
BY WEEK
LIQUOR
BEER
WINE
MISC.
TOTAL BY WEEK
1 3,219
5,631
1,583
379
10,812
1
3,620
5,670
1,354
540
11,184 11,184
2 3,550
5,818
1,221
507
11,096
21,908
3
1,793
2,025
378
149
4,345
4 1,760
2,093
494
182
4,529
4
1,819
2,095
579
198
4,691
5 1,130
1,771
381
136
3,419
5
1,936
2,857
591
272
5,656
6 2,117
2,659
375
260
5,412
6
3,035
3,510
916
188
7,849
7 2,443
3,579
652
294
6,969
7
3,902
5,546
1,619
426
11,493
8 3,572
5,375
1,151
487
10,585
8
3,258
4,981
1,260
599
10,098
9 3,225
4,344
1,164
671
9,404
43,932
40,317
10
1,594
2,561
579
216
4,950
11 1,291
1,798
467
169
3,724
11
1,636
1,984
487
131
4,238
12 1,644
1,921
506
175
4,247
12
2,332
2,325
907
146
5,710
13 1,890
2,229
519
331
4,770
13
2.210
2,735
852
242
6,039
14 2,097
3,190
732
192
8,211
14
3,424
5,724
1,329
389
10,888
15 3,802
4,982
1,225
373
10,182
15
4,496
5,183
1,515
401
11,595
16 3.524
5,048
1,430
437
10,439
43,398
39,573
17
1,745
1,857
601
240
4,443
18 1,737
2,235
456
258
4,888
18
1,465
1,887
478
223
4,053
19 1,329
1,984
522
104
3,919
19
1,834
2,555
852
178
5,419
20 2,153
1,851
471
155
4,630
20
1,948
2,863
888
390
6,089
21 1,888
2,859
668
160
5,376
21
3,763
5,959
1,997
656
12,375
22 4,322
5,230
1,835
516
11,904
22
3,796
5,904
2,035
381
12,116
23 3,664
5,020
2,001
444
11,129
44,495
41,843
24
2,449
2.848
1,215
213
6,725
25 2,487
2,306
910
403
8,108
25
2.953
3,898
2,283
294
9,428
26 3,291
3,009
1.950
137
8,387
26
7,719
10,903
7,878
795
27,295
27 7,773
_
10,134
8,921
708
25,534
27
THANKSGIVING
0
28 THANKSGIVING
0
28
4,060
5,189
1,432
418
11,099
29 3,873
4,876
1,094
334
9,977
29
3,417
5,077
1,463
504
10,461 65,008
30 2,953
4,102
992
301
8,348
58,352
TOTAL 70,335
93,627
29,721
8,110
201,793
TOTALS
70,204
96,136
33,488
6,189
208,017
95 TOTALS 63,184
85,198
26,435
6,183
180,998
96TOTALS
70,335
93,627
29,721
8.110
201,793
% OF SALE 35
46
15
4
100
% OF SALE
34
46
16
4
100
SALES INC OR DEC
20,795
11
%
SALES INC
OR DEC
8,224
3 %
• • •
CITY OF HUTCHINSON
LIQUOR STORE COMPARISON
NOVEMBEI 1995
NOVEMBER
TOTAL
1995
LIQUOR
BEER
WINE MISC.
TOTAL
BY WEEK
1
2,516
2424
487
222
5,649
2
2,306
2,955
608
210
6,079
3
3,800
4,627
988
292
9,707
21,908
4
2,938
4,553
1,180
339
9,010
30,445
6
1,890
1,881
707
202
4,680
7
1,086
.2,029
335
175
3,625
8
1,771
2,077
396
164
4,408
9
2,063
2,956
534
160
5,713
10
3,605
5,534
1,232
436
10,807
11
3,071
4,708
1,147
292
9,218
40,317
11
1,291
1,798
467
169
3,724
38,451
13
1,333
1,926
646
124
4,029
14
1,316
1,674
463
115
3,568
15
2,701
2,126
487
136
5,450
16
1,819
2,688
770
282
5,557
17
3,389
5,107
1,495
355
10,346
18
3,251
5,224
1,515
377
10,367
39,573
18
1,737
2,235
458
258
4,686
39,317
20
1,789
2,418
1,204
223
5,634
21
2,687
3,427
2,083
177
8,374
22
7,012
10,220
6,361
704
24,297
23
HOLIDAY
5,230
1,835
518
11,904
24
3,123
4,743
1,005
317
9,188
25
2,485
3,879
1,092
330
7,786
41,643
25
2,487
2,305
910
403
6,108
55,279
27
1,846
1,663
377
134
4,020
28
1,443
1,569
283
117
3,412
29
1,874
2,007
453
147
4,481
29
30
2,070
2,783
587
153
5,593
30
17,506
TOTAL 63,184 85,196
94 TOTALS 56,664 72,818
% OF SALE 35 47
SALES INC OR DEC
26,435 6,183 180,998
19,322 5,357 154,161
15 3 100
26,837 17 %
CITY OF HUTCHINSON
LIQUOR STORE COMPARISON
NOVEMBEF 1996
NOVEMBER
TOTAL
1996
LIQUOR
BEER
WINE MISC.
TOTAL
BY WEEK
1
3,219
5,631
1,583
379
10,812
2
3,550
5,818
1,221
507
11,096
21,908
4
1,760
2,093
494
182
4,529
5
1,130
1,771
381
136
3,419
6
2,117
2,659
375
260
5,412
7
2,443
3,579
652
294
6,969
8
3,572
5,375
1,151
487
10,585
9
3,225
4,344
1,164
671
9,404
40,317
11
1,291
1,798
467
169
3,724
12
1,644
1,921
506
175
4,247
13
1,890
2,228
519
331
4,770
14
2,097
3,190
732
192
6,211
15
3,602
4,982
1,225
373
10,182
18
3,524
5,048
1,430
437
10,439
39,573
18
1,737
2,235
458
258
4,686
19
1,329
1,964
522
104
3,919
20
2,153
1,851
471
155
4,630
21
1,888
2,859
668
160
5,376
22
4,322
5,230
1,835
518
11,904
23
3,664
5,020
2,001
444
11,129
41,643
25
2,487
2,305
910
403
6,108
26
3,291
3,009
1,950
137
8,387
27
7,773
10,134
6,921
706
25,534
28
THANKSGIVING
0
29
3,873
4,676
1,094
334
9,977
30
2,953
4,102
992
301
8,348
TOTAL 70,335 93,627
95 TOTALS 63,184 85,196
% OF SALE 35 46
SALES INC OR DEC
58,352
29,721 8,110 201,793
28,435 6,183 180,998
15 4 100
20,795 11 %
C
CITY OF HUTCHINSON
LIQUOR STORE COMPARISON
NOVEMBER '1�4•
BEER
WINE
MISC.
TOTAL
NOVEMBER
1
2,516
2,424
487
TOTAL
1994 LIQUOR BEER
WINE MISC.
2,306
TOTAL BY WEEK
1
1,478
1,461
291
134
3,364
4,627
2
1,751
1,978
365
115
4,209
4,553
3
1,859
2,582
354
1,161
5,956
1,881
4
3,242
4,780
675
241
8,938
2,029
5
2,631
3,873
735
312
7,551
2,077
396
164
4,408
9
2,063
30,018
7
1,422
1,799
256
116
3,593
5,534
8
1,848
1,267
240
79
3,434
4,708
9
1,474
2,102
292
228
4,096
10
2,392
2,896
598
150
6,036
1,926
11
3,525
4,307
759
245
8,836
1,674
12
2,719
3,881
993
241
7,834
2,126
487
136
5,450
16
1,819
33,829
14
1,431
1,748
440
111
3,730
5,107
15
1,229
1,467
320
119
3,135
5,224
16
2,088
1,906
380
172
4,546
17
1,305
2,342
490
173
4,310
2,418
18
2,765
4,356
1,087
242
8,450
3,427
19
2,978
4,391
1,196
264
8,829
10,220
6,361
704
24,297
23 HOLIDAY
33,000
21
1,714
1,894
630
110
4,348
1,005
22
2,069
2,677
1,364
112
6,222
1,092
23
6,659
8,606
4,981
382
20,628
24 THANKSGIVING
55,279
0
1,846
25
2,628
3,956
753
211
7,548
1,443
26
3,044
4,092
1,220
204
8,560
1,874
2,007
453
147
4,481
30
47,306
28
1,459
1,336
208
65
3,068
29
1,344
1,586
346
66
3,342
63,184
30
1,610
1,535
349
104
3,598
56,664
72,818
19,322
5,357
154,161
% OF SALE
10,008
TOTAL
56,664
72,818
19,322
5,357
SALES INC OR DEC
154,161
93 TOTAL
47,946
63,380
18,017
4,494
133,837
% OF SALE
37
47
13
3
100
SALES INC OR DEC
20,324
15 %
1 10
CITY OF HUTCHINSON
LIQUOR STORE COMPARISON
NOVEMBER 1995
NOVEMBER
1995 LIQUOR
BEER
WINE
MISC.
TOTAL
TOTAL
BY WEEK
1
2,516
2,424
487
222
5,649
2
2,306
2,955
608
210
6,079
3
3,800
4,627
988
292
9,707
4
2,938
4,553
1,180
339
9,010
30,445
6
1,890
1,881
707
202
4,680
7
1,086
2,029
335
175
3,625
8
1,771
2,077
396
164
4,408
9
2,063
2,956
534
160
5,713
10
3,605
5,534
1,232
436
10,807
11
3,071
4,708
1,147
292
9,218
38,451
13
1,333
1,926
646
124
4,029
14
1,316
1,674
463
115
3,566
15
2,701
2,126
487
136
5,450
16
1,819
2,686
770
282
5,557
17
3,389
5,107
1,495
355
10,346
18
3,251
5,224
1,515
377
10,367
39,317
20
1,789
2,418
1,204
223
5,634
21
2,687
3,427
2,083
177
8,374
22
7,012
10,220
6,361
704
24,297
23 HOLIDAY
24
3,123
4,743
1,005
317
9,188
25
2,485
3,879
1,092
330
7,786
55,279
27
1,846
1,663
377
134
4,020
28
1,443
1,569
283
117
3,412
29
1,874
2,007
453
147
4,481
30
2,070
2,783
587
153
5,593
17,506
TOTAL
63,184
85,196
26,435
6,183
180,998
94 TOTALS
56,664
72,818
19,322
5,357
154,161
% OF SALE
35
47
15
3
100
SALES INC OR DEC
26,837
17
%
Date: 11/30/97
Time: 12:52:41
Page: 1
Item code Description
DEPTND - -> I (LIR")
Count 1180 Subtotals - ->
DEPTND - -> 2 (BEER)
Count 597 Subtatals - ->
DEPTNO - -> 3 (NINE)
Count 1138 Subtatals -)
DEPTND - -> 5 (ICE)
Count 2 Subtotals - ->
DEPTND - -> 9 (RENTAL)
Count 2 Subtotals - ->
DEPTND -> 10 (TOBACCO PRODUCTS)
Count 395 Subtotals - ->
DEPTND - -> 90 (MISC BEER)
Count 1 Subtotals ->
DEPTND - -> 91 (MISC LIQUOR)
Count 1 Subtotals ->
DEPTND -> 92 (MISC NINE)
Count I Subtatals - ->
DEPTND -> 93 (MISC 6.5 %)
Count 291 Subtotals - ->
DEPTND -> 94 (MISC NO TAX)
Count 62 Subtotals - ->
Count 3670 Totals ->
'LIQUOR
HUTCH'
On Extended
Cls ordr Q -O -H cost
(SAT)11 11 /97-
(SAT)11 /29/97
- - -- - - - -- Month to date sales - -- - - - - --
qty Cost Markdowns Sales Profits BP %
21980
156848.30
6989
54332.67
653.50
69552.80
15220.13
21.9
7385
42841.51
11606
75265.12
422.70
95714.26
20449.14
21.4
17395 61254.76 5082 22053.34 723.14 32764.85 10711.51 32.7
278 65.60
375.22
309.62
82.5
11
33.00
33.00
100.0
3278 9080.24 1491 3369.41
88.30 4591.86
1222.45
26.6
+++++
+++++
+ + + ++
2700 4815.41 1084 1774.95 35.96 2573.26 798.31 31.0
760 1478.49 159 321.85 7.78 481.83 159.96 33.2
- -- - - -- -- --- --- --- - - - - -- -- - - --- -
53498 296318.71 26700 157182.94 1931.28 206087.08 48904.14 23.7
C�
Date: 11/30/97
Tiae: 12:55:42
Page: I
Item code Description
DEPTNO - -> I (LIQUOR)
Count 1180 Subtatals - ->
DEPTNO -> 2 (BEER)
Count 597 Subtotals- ->
DEPTNO -> 3 (WINE)
Count 1138 Subtotals - ->
DEPTNO -> 5 (ICE)
Count 2 Subtotals - ->
DEPTNO - > 9 (RENTAL)
Count 2 Subtotals - ->
DEPTNO - -> 10 (TOBACCO PRODUCTS)
Count 395 Subtatals - ->
DEPTNO - -> 90 (MISC BEER)
Count 1 Subtotals ->
DEPTNO - -> 91 (MISC LIQUOR)
Count I Subtotals - ->
DEPTNO - -> 92 (MISC WItF)
Count 1 Subtatals ->
DEPTNO - -> 93 (MISC 6.5%)
Count 291 Subtotals-->
DEPTNO - -> 94 (MISC NO TAX)
Count 62 Subtotals - ->
"LIQUOR
HUTCH"
Extended
CIS Q -O-H cast
Qty
- -- Year to Date Sales --- - - - - -- •
Cost Markdowns Sales Profits 8P %
21980 156848.30 69848 533473.32 7117.23 681913.75 148440.43 21.8
7385 42841.51 137993 919157.36 5048.65 1168468.64 249311.28 21.3
17395 81254.76 41796 161083.44 4978.78 241004.03 79920.59 33.2
B21B
2011.95
12107.34
10095.39
B3.4
534
1994.04
99.7
5.00
1999.04
3278 9080.24 19334 40724.96 899.31 55539.18 14814.22 26.7
a++►*
2700 4815.41 14643 23892.63 792.63 3x'363.55 9470.92 28.4
760 1478.49 1829 3689.71 40.42 5491.84 IB02.13 328
Count 3670 Totals --> == = = =: =_ ____ : :_____ __ _ _ _ _ __ __________ ___ _ _ _ ___ __________ ______ :___ ___ =_
53498 296318.71 294395 1684038.37 18877.02 2199887.37 515849.00 23.4
(FR I)1 /3/97 -
(SAT)11 /29/97
DEPTNO - -> 9 (RENTAL)
Count 2 Subtotals —)
** * **
DEPTNO - -> 10 (TOBACCO PRODUCTS)
Count 395 Subtotals —) - - -- - --- - - - - -- ---
9080.24 30.1 3278
9108.72 12994.28
DEPTNO —) 90 (MISC BEER)
Count 1 Subtotals - -> - - - - - -- -- - -- ---
DEPTNO - -> 91 (MISC LIQUOR)
Count 1 Subtotals —> - - - -- - - ---- ----
DEPTNO - -> 92 (MISC WINE)
Count 1 Subtotals —> --- ------ -- - - - -- ---
DEPTNO - -> 93 (MISC 6.5 %)
Count 291 Subtotals —>
4815.41 33.3 2700
4811.72 7217.20
DEPTNO - -) 94 (MISC NO TAX)
Count 62 Subtatals —> --- -- ---- -- --- --
1478.49 32.0 760
1466.76 2173.90
Count 3670 Totals —>
296318.71 27.0 53498
296170.66 406022.03 0
"LIQU0R
Date: 11/30/97
AS OF:
10PM
Tice: 12:59:18
H U TC H
(SAT)11
/29/97
Page: 1
CIS Ave. Cost
Ext Av Cost
Price 1
On /
Item Cade Description
Vendor Cross reference Last Cost
Ext L Cost
Ext Price 1 Bp % Min ordr 9-0-H Trnsfr
DEPTNO - -) I (LIM)
Count 1180 Subtotals - ->
-- - -- --
- - - -- -- --
-- ----
156848.30
23.1
21980
156699.24
204014.39
DEPTNO - -> 2 (BEER)
Count 597 Subtotals —)
-- -- ----
--- ---
----- -
42841.51
r.9
7385
42683.13
55536.34
DEPTNO - -) 3 (MINE)
Count 1138 Subtatals-->
---- - --
------ -- --
— - --
81254.76
34.5
17395
81201.09
124085.92
DEPTNO —> 5 (ICE)
Count 2 Subtotals - -)
- - -- --
- -- -- - ---
- --
* * * **
DEPTNO - -> 9 (RENTAL)
Count 2 Subtotals —)
** * **
DEPTNO - -> 10 (TOBACCO PRODUCTS)
Count 395 Subtotals —) - - -- - --- - - - - -- ---
9080.24 30.1 3278
9108.72 12994.28
DEPTNO —) 90 (MISC BEER)
Count 1 Subtotals - -> - - - - - -- -- - -- ---
DEPTNO - -> 91 (MISC LIQUOR)
Count 1 Subtotals —> - - - -- - - ---- ----
DEPTNO - -> 92 (MISC WINE)
Count 1 Subtotals —> --- ------ -- - - - -- ---
DEPTNO - -> 93 (MISC 6.5 %)
Count 291 Subtotals —>
4815.41 33.3 2700
4811.72 7217.20
DEPTNO - -) 94 (MISC NO TAX)
Count 62 Subtatals —> --- -- ---- -- --- --
1478.49 32.0 760
1466.76 2173.90
Count 3670 Totals —>
296318.71 27.0 53498
296170.66 406022.03 0
Date: 12161/96
Time: 69:44:67
Page: 1
Item code Description
DEPTNO - -) I (LIgl10R)
Count 1100 Subtotals - -)
DEPTNO --) 2 (BEER)
Count 641 Subtotals - -)
DEPTNO --) 3 (WIWI
Count 1624 Subtotals -)
DEPTNO - -> 5 (ICE)
Count 3 Subtotals - -i
DEPTNO - -> 9 (RENTAL)
Count 2 Subtotals -)
DEPTNO - -) 10 (TOBACCO PRODUCTS)
Count 311 Subtotals -)
DEPTNO - 90 (MISC BEER!
Count 1 Subtotals -)
DEPTNO -) 91 (MISC LIQUOR)
Count 1 Subtotals -)
DEPTNO -) 92 (MISC WINE)
Count i Subtotals )
DEPTNO -) 93 (MISC 6.5%)
Count ?n)5 Subtatals->
DEPTNO - -) 94 (MISC NO TAX)
Carat 48 Subtotals - -)
Count 3437 Totals --)
"LIQUOR
HUTCH'
On Extended - - - --
Cls ordr Q-0-H cast Qtv
(FRI)11/1/96-
(SAT)11 /30/96
- -- Month to date sales - - --- - - - --
Cost Ma6 dawns Sales Profits GP
LN74 146557.08 7318 54313.48 562.09 69772.53 15459.65 22.2
7482
46435.49
11110
73272.36
271.41
93354.46
c�N)82.04
21.5
1506
4768
151.65 4362.58
1063.89
29164.55
9755.99
33.5
26753
77574.69
19408.56
556.95
2cc 37,65 269.78 232,73 86.3
57927 284373.12 26125 152562.94 1573.69 200212.84 47649.90 23.8
22
85.00
85,W
10).0
3031
1506
3298.69
151.65 4362.58
1063.89
24.4
6567.35
11111
11111
6193.84
1659
1989.66
30.80 2848.27
858.61
36.1
4059
528
1104.67
120
243.14
0.79 355.73
112.59
31.7
57927 284373.12 26125 152562.94 1573.69 200212.84 47649.90 23.8
Date: 12/01/96
Time: 09:45:08
Page: 1
Item code Description
DEFTNO -) 1 MWOR)
Count 1100 Subtotals -)
DEPTNO -) 2 (BEERI
Count 641 Subtotals -)
DEPTNO -) 3 (MINE)
Count 1024 Subtotals - -)
DEPTNO --) 5 (ICE)
Count 3 Subtotals -)
DEPTNO -) 9 (RENTAL)
Count 2 Subtotals -)
DEPTNO -) 10 (TOBACCO PRODUCTS)
Count 311 Subtotals-)
DEPTNO - -) 90 IMISC BEER)
Count 1 Subtotals -)
DEPTNO -) 91 (MiSC LIQUOR)
Count 1 Subtotals -)
DEPTNO - -) 92 (MISC WINE)
Count 1 Subtotals - -)
DEPTNO - -) 93 (MlSC 6.5 %)
Count 305 Subtotals -)
DEPTNO -) 94 (MISC NO TAX)
Count 4B Subtotals -)
Count 3437 Totals - -)
'LIQUOR (WED)1 /03/96-
HUTCH' (SAT)11 /30196
Extended - - -- - - -- Year to Date Sales -- -- - - --
Cis Q cost qty Cost Markdowns Sales Profits GP %
22074 146557.08 66680 496027.23 6352.87 635007.13 138979.90 21.9
7482 46435.49 1w411 893702.30 4364.30 1136111.73 242409.43 21.3
20753 77574.69 39766 145373.33 4672.27 217202.41 71829.08 33.1
7675 1594.25 11095.95 9501.70 85.6
414 2169.08 2169.08 t(r).0
3031 6507.35 16668 33467.66 784.94 44BZ2.45 11364.79 25.3
+{tt+nf
e + * tt
4059 6193.84 14783 L 540.10 33535.57 9626.71 28.7
528 1104.67 1600 3016.62 IB.04 4347.07 1330.45 30.6
-- - - ---- ---- - - - - --- -- - ----- -- -- - - - --- ----- ---- --- -- -- - -- --- - -----
57927 2B43P.12 280997 1597090.25 16732.52 2084301.39 4B7211.14 23.4
DEPTNO - -> 9 (RENTAL)
Count 2 Subtotals —:>
****f
DEPTNO - -> 10 (TOBACCO PRODUCTS)
Count 311 Subtotals —> - - -- — - - -- - -- -- - - ---
6507.35 31.3 3031
6507.01 947242
DEPTNO —> 90 (MISC P£ER)
Count 1 Subtotals - -> -- -- -- - - - -- -- - - --
r*ff*
DEPTNO - -) 91 (MISC LIWJOR)
Count 1 Subtotals —>
*tftf
DEPTNG —> 92 (MISC WINE)
Count 1 Subtotals - -)
�w *t�
DEPTNO - -> 93 (MISC 6.5 %)
Count 305 Subtotals —)
6193.84 32.4
'LIQUOR
6155.49 9166.48
DEPTNO - -i 94 (MISC NO TAX)
HUTCH'
-- —
1104.67 32.3
52E
Date: 12/01/96
Count 3437 Totals - ->
AS OF: 1 OPM
Time: 0:45:42
Quantity On Hand Report
0
(SAT)11 /30/96
Page: 1
CIS Ave. Cast
Ext Av Cast
Price 1
On Yi ,
Itea Code Description
Vendor Cross reference last Cost
Ext L Cost
Ext Price l
6p % Min ordr Q-11-H Trnsfr
DEPTNO —> t (L IM)
Count 1100 Subtotals - ->
- - -- - - --
-- -- —
- -- -- --
146557.0B
23.7 22074
145618.1E
192637.05
DEPTNO - -> 2 (BEER)
Count 641 Subtotal;—)
- - - -- --
- - --
- -- - - - - ---
46435.49
22.4 7482
46390.15
59854.97
DEPTNO - -> 3 (WIPE)
Count W24 Subtatals ->
-- -- ----
- - -- —
- -- - - --
77574.69
35.2 20753
77632.77
119722.11
DEPT14] - -) 5 (ICE)
Count 3 Subtotals —'>
- -- - --
- -- -- -
-- - - - --
a +te+
DEPTNO - -> 9 (RENTAL)
Count 2 Subtotals —:>
****f
DEPTNO - -> 10 (TOBACCO PRODUCTS)
Count 311 Subtotals —> - - -- — - - -- - -- -- - - ---
6507.35 31.3 3031
6507.01 947242
DEPTNO —> 90 (MISC P£ER)
Count 1 Subtotals - -> -- -- -- - - - -- -- - - --
r*ff*
DEPTNO - -) 91 (MISC LIWJOR)
Count 1 Subtotals —>
*tftf
DEPTNG —> 92 (MISC WINE)
Count 1 Subtotals - -)
�w *t�
DEPTNO - -> 93 (MISC 6.5 %)
Count 305 Subtotals —)
6193.84 32.4
4059
6155.49 9166.48
DEPTNO - -i 94 (MISC NO TAX)
Count 48 Subtotals —i --- - -- - -- — —
-- —
1104.67 32.3
52E
1099.24 1630.72
Count 3437 Totals - ->
284373.12 27.4
57927
283402.84 391885.75
0
Date: 1 /01 /95
7e: 07:30 :38
le: 1
Item code Description
DEPTNO - -) I (LIM)
Count 954 Subtotals -->
DEPTNO - -) 2 (BEER)
Count 583 Subtotals - -)
DEPTNO - -> 3 (WINE)
Count 910 Subtotals - -)
DEPT% - -) 5 (ICE)
Count 3 Subtotals - -)
DEPTNO - -> 9 (RENTALI
Count 1 Subtotals - -)
DEPTNO - -> 10 (TOBACCO PRODUCTS)
Count 189 Subtotals - -)
DEPTNO - -) 90 (MISC BEER)
Corot 1 Subtotals - ->
'cPTNO - -) 91 (MISC LIgU0R1
Count 1 Subtotals ->
DEPTNO - -) 92 (MISC WINE)
Count 1 Subtotals - -)
DEPTNO - -> 93 (MISC 6.5%)
Count 320 Subtotals - ->
Count 2563 Totals ->
'LIQUOR
6465.38
(WED)11/1/95-
1948.54
HUTCH'
2966.80
(THURS)11 /30/95
32.6
- - --- - --
47VQ
-- --- - -- --- --
249254.96
- - - ---
24140
-- ---- - --- ---
138150.21
Or Extended ---------
---
179403.92
- - - - -- Month to date sales --- --- -----
-
Cls ordr q -O -H cost
Qt
Cost Markdowns Sales Profits
GP %
19256 136712.63
6399
49441.86 93.81 6255t).8t 13108.95
21.0
8125 47450.93
10531
67196.10 7 131.8B 84859.49 17663.39
20.8
14556 56232.58
4659
17381.90 564.79 25870.[8 8488.2B
32.8
207
36.9) 243.13 246.23
67.i)
VA
70.1.x)
1082 1893.44 1170 2095.01 26.62 2803.61
I
70.100 100.0
708,69 25.3
'I
ct *rat
++ttt
4951
6465.38
1156
1948.54
31.46
2966.80
968.26
32.6
- - --- - --
47VQ
-- --- - -- --- --
249254.96
- - - ---
24140
-- ---- - --- ---
138150.21
------
1BB7.56
---
179403.92
41253.71
23.0
I
Date: 12/01/95
'LIQUOR
(MON)1 /02/95 -
ie :07:32:30
HUTCH'
(THURS)11
/30/95
ge:
t
Exterded ---
---- --
- - - --- Year to Date Sales ---------------
- --
Item code Description
CIS Q -0-H
cost
Qtv
Cost
Markdowns Sales
Profits
GP %
DEPTND - -)
1 ILIQUOR)
Count Subtotals
--i
-- - - - - --
- --- -
- ---
---- -- - - --
-- - - - --- - -- -- - - -- -
-- -- --
- - - --
19256
136712.63
62555
470912 84
6437,97 598238.00
127325.16
21.3
DEPTNO - ->
2 (BEER)
Count 583
Subtotals - ->
-- - - - ---
- -- - - - - -- -
- - - - --
-- - -- - --
-- - - - - -- --- - - - - -- ----
- - - - --
- - --
8125
4745).43
126664
7457T4.7i
2459.21 101n403.3z
214668.62
2 1.2
DEPTNO - ->
3 (WINE)
Fount 910
Subtotals ->
----- --
--- -- -- -- -----
--
--- - -- - - --
-- - - -- -- --- -- - - --
- -- - - --
- - --
14556
56232,58
35549
123190.29
2391.08 182833.34
59643.05
326
DEPTNO - ->
5 (ICE1
Count 3
Subtotals- -.
- - - - - - --
- -- - - - - --
- - -----
-- - - - - --
--- - - - --- -- - -- --- --
- - - - --
--- --
7698
1534.75
11353.99
4819.24
86.5
DEPTNO ->
9 (RENTAL)
Count 1
Subtotals-)
-- - - - ---
-- - - -- -- ----
- --
-- -- - - --
- -- --- -- --- - - - - --
-- - - - ---
- - - --
152
1510.01
1510.01
100.0
DEPTNO - -i
10 (TOBACQ] PRODUCTS)
Count 184
Subtotals -)
- - - - --
-- -- --
-
- -- - - --
- -- - - -- - - - - --
- - -- --
1082
1693.44
13988
24823.70
329.62 33199,11
8375.41
25.2
DEPTNO ->
40 (MISC BEER)
Count 1
Subtotals ->
-- -- - - --
--- - --- -- -
- - --
- - - - - --
- - -- - -- - - - - -- --
-- - ---
- -- --
5
9.00
9.:R)
IOri.0
� ucPTNO
- ->
41 (MISC LIQUOR)
Count, 1
Subtotals - ->
- - --
- -- - -- -
- - - - -- ---- - - - ---
- - -- --
- - --
12
1.0)
1.00
10010
DEPTNO - -)
92 (MISC WINE)
Count 1
Subtotals - ->
--------
---- - - - - --
-- - - ----
--- - - - - --
- - -- - - - -- - -- -
-- - - - --
--
2
-6.19
-6.19
100.0
DEPTNO --i
93 (MISC 6.5 %)
Count NO
Subtotals - ->
-- --- - --
---- - --- --
- - - - -- --
- - - - - --
- - - -- ---- -- - - -- --
- - - - --
--- --
4951
6965.38
17154
26997.97
442.58 37905.71
10907,74
<B.6
Count 2963
Totals >
__-'_-_'
___________
________
__________
_________ __________ __________
_____
47970
249254,96
263829
1443144.25
t2560.46 1875447.29
432253.04
23.0
DEPTNO —) 9 (RENTAL)
Carat 1 Subtotals —>
'TN] - -> tai (TOBACCO PRODUCTS)
-Just 189 Subtatals-->
DEPTNO - -) 90 (MISC BEER)
Count 1 Subtotals —>
DEPTNO - -> 91 (MISC LIQUOR)
Count I Subtotals —>
DEPTNO - -> 92 (MISC NINE)
Count 1 Subtotals—)
ee*r+
1893.44 27.2
1895.13 2600.30
xt+rr
tter+
- - -- - -- •
1082
➢EPTNO - -) 93 (MISC 6.5 %)
Count 320 Subtotals - -)
Count 2963 Totals - ->
6965.38 33.0
6910.34 10391.90
249254.96 26.2
232003.56 337754.70
4951
47970
"LIQUOR
'
➢ate: 12 /Ol /45
AS OF: 10PM
'•me. °7.52..9
HUTCH"
Quantity On Hand Report
(THURS)11 /30
)e: 1
Cis
Ave. Cost Ext Av Cost Price t On Kit /
Item Code Description
Vendor
Cross reference Last Cast Ext L Cost Ext Price 1 Gp % Min ordr Q Trnsfr
DEPTW - -) 1 (LIQUOR)
Count 954 Subtotals - -i
---- - - - - -- -
- - - - -- - - -- - - - - --
1 6712.63
2311 19256
128448.29
177,69.96
DEPTNI —> 2 (BEER)
Count 5B3 Subtotals—)
- - -- - - --
- - - - -- - - -- - - - - - --
47450.93
22.7 8125
42246.824
61356.20
DEPTNO - -> 3 WNEI
Caint 910 Subtotals -->
- ---- - - - ---
----- - ---- -- -- - - - -- --
56232.56
34.3 t4556
52503.07
85636.34
DEPTNO - -) 5 (ICE)
Count 3 Subtotals—)
- - - - --- -
- - - - --- - - -- - --
DEPTNO —) 9 (RENTAL)
Carat 1 Subtotals —>
'TN] - -> tai (TOBACCO PRODUCTS)
-Just 189 Subtatals-->
DEPTNO - -) 90 (MISC BEER)
Count 1 Subtotals —>
DEPTNO - -> 91 (MISC LIQUOR)
Count I Subtotals —>
DEPTNO - -> 92 (MISC NINE)
Count 1 Subtotals—)
ee*r+
1893.44 27.2
1895.13 2600.30
xt+rr
tter+
- - -- - -- •
1082
➢EPTNO - -) 93 (MISC 6.5 %)
Count 320 Subtotals - -)
Count 2963 Totals - ->
6965.38 33.0
6910.34 10391.90
249254.96 26.2
232003.56 337754.70
4951
47970