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I CD N r+W 1A. 0 ff N �WJJ O\ ut W Vi x •A.N ,A.W -ON NNJN� W�+v O 14,,\-n ON n w 0\W Nut CO ■p NO\OODWO0 \O\OO\ W\0 J J ° G NOwln O co ut 00 G■Vr O\O ■D\0 ills .p N vi Vr O G 0. ..O V J h iv O\CA vw J J O0 v1'1;ut J OOOON O\ON000 NW ON J OON , P r+ \O G\t J Vi 1— - 0\ ,C.W W ON O O J Vi J t ' ;31 . td, [ ! i1 U C"rs n w � IHH n G 'O l J H ti n Nx�n4CGr+ Rn !� w O rt p C .I m fp C M 0 00. `C� y 'J' n �.'. 'nt cn n .- .'3 vG O h M a. nP4 " 0a AgR 'Aoot, , S- ', an0 ,41 .-1,. v, i't c P '"" fl)i • R G 0 G w Hfl : !� C w e. I &1Q �cr•.7c � CJ' y 11! �j `�E. n n n O G y v, V Q �1 G p cc, OuVC � y 0 r* Oar C ° E G ,t an CD rr G ° n P n n a o p"+!• t°#, n tl. ' G' r:. LS O cn Cr cn C w n a ^ O 0. n G G G G O (1. O G G rG G• C: J p � i 0 ., a G n O n H v, " A p G s O n A n f.t w t 411,1?r C w X. n �p "t `C m A' II' •`�' Gam+ . ... L7 n C rr W n n cr, o d n G tii • n `C �• .nom.. w 0 �, a CA n C ci- n r. ' D• , C r* ' n C. p (p ro 'L7 '0 n P ° ol G cr n w C , p Q 0Q ' ■r G rjO ca. pn �n O ."S' Al 'a R y 5r, &4 Oo co cn et, r� M ri O n f9 h 1p O "^ •* n W J J 00 OD G • K ^ �-t CD `-t „t v, O n 'O ,C en = ' W J W e0 O CD CD •, a � w ao �. aR w . v, O o n f� ron v, ru w n Uo 'C n VOi N N O a is.)(.. . O O W .O• .-4 J l'001 Oq ° STATE OF MINNESOTA T OFFICE OF THE STATE AUDITOR s: --? °- o SUITE 400 555 PARK STREET SAINT PAUL 55103 ARNE H. CARLSON May 21, 1984 STATE AUDITOR TO: City Councils, City Finance Officers, County Boards, County Auditors On May 3, our office and representatives of more than 100 local governments met with representatives of Moody' s Investors Service to discuss the downgrading of 17 Minnesota municipalities. we had a productive meeting establishi,ig the groundwork both for our improved understanding of how a credit rating agency works, and for their perception of the financial climate in Minnesota. On this issue, the high degree of cooperation among all concerned parties -- our office, cities and counties, and the State depart- ments of finance and revenues -- was impressive. While the credit rating is not the only factor in the interest rate on debt, it continues to be significant. For this reason, it seems useful to share with you some of our principal conclusions from the discussions on May 3. 1. A candid explanation to the rating agency of the strengths and weaknesses of the local financial situation will help to prevent misunderstanding. Frankly, the burden for making this explanation explicit falls principally on the city or the county. In the 1983 ratings we specifically discussed there were several instances where more complete information gleaned from financial reports was misleading or misunderstood. It seems important not to rely on the rating agency to provide in-depth anaylsis, nor to rely on financial reports alone, when special circumstances warrant a more complete explanation. 2. There are specific types of debt commonly used in Minnesota which raise questions as far as Moody' s is concerned. These include special assessments generally, tax increment financing and temporary bonds. The message seems to be that the agency will look closely at these types of debt, its purpose and how the issuer plans to repay it. 3. External, economic factors are weighed very heavily by the credit rating agency. While the agency cites four areas for their analysis, it became obvious that externals were very important. These include forecasts concerning principal economic forces in the region and the state, as well as the income and age of the residents of the jurisdiction. These elements tend to override , for example, the financial analysis of a community' s internal operation. While we may take issue with this emphasis, it appears to be their posture at the present. AN EQUAL OPPORTUNITY EMPLOYER F"'`( 4. Given the significance of externals, there is a need to organize data to give a more accurate picture of the economic status of the jurisdiction. For example, in Minnesota unemploy- ment data is available only on a county-wide basis, and may not reflect the unemployment rate in a city. Similarly, a city located in an agricultural area may be dependent on the farm economy, or it may have a more diversified economic base. Since the incentive for the rating agencies is to use readily available data, this fine tuning will not happen without effort on the part of local governments. 5. We need more timely credit ratings and a formalized process of appeal. While an informal appeals process exists now, there is frequently little time between the issuance of the rating and the date of marketing the issue. As a result, communities have little incentive and insufficient time to appeal a rating. Further, a full report of the rating is not issued as a matter of course, making appeal difficult. Judging from our discussions on credit ratings and bonds over the last two months, the Office of the State Auditor can play a useful role in this part of the process. We intend to continue our efforts to encourage a formal appeals process, as well as to monitor individual credit ratings and comment on them when necessary. If our office can be of help in a specific situation, please let me know. rmest regards, Arne H. Carlson State Auditor AHC:pt EHLERS'AND ASSOCIATES, INC. FINANCIAL SPECIALISTS FIRST NATIONAL-800 LINE CONCOURSE 507 MARQUETTE AVE. MINNEAPOLIS. MINNESOTA 55402 339-8291 (AREA CODE 612) November 1, 1982 Special Newsletter Supplement Moody's. .Standard & Poor's..Information Requests Many of you have received, or will receive, greatly expanded requests from the rating agencies updated encies for u dated information. In fact, in some cases the informa- tion called for almost constitutes an Official Statement for a bond sale. It is vital that this information be furnished. Failure to do so will cause withdrawal of your bond rating - and that will make many of your bondholders unhappy. Do not discard the information request forms! Much of the information requested is not at your immediate command and will require time to obtain. To keep outside consulting costs down, Ehlers and • Associates suggests that the forms be filled in as completely as possible and then sent to y our financial consultant for review before returning to the rat- ing agency. It is critical that the information be sent. If you have had a bond sale within the last year the information is probably • current, and you might simply include a copy of your last Official Statement and indicate on the request form the page number on which the information ap- pears. A lso, if y o u are p l annin g a bond sa le in the next 60 to 90 days, y ou might so indicate on the form, saying that a copy of the Official Statement will be forwarded at that time to the Manual Department. • But do not ignore the forms. Their completion is vital to your community's fiscal health. Very truly yours, EHLE' . A■ I i •er ����� RAG t L. Ehlers 011 N EHLS AND ASSOCIATES INC. FINANCIAL SPECIALISTS FIRST NATIONAL-SOD LINE CONCOURSE 507 MARQUETTE AVE. MINNEAPOLIS. MINNESOTA 55402 339-8291 (AREA CODE 612) File: Financial Specialists: Ehlers and Associates, Inc. November 1, 1982 Please distribute to governing body members Newsletter We have, perhaps, turned the corner with one of the sharpest market improvements on record with huge price increases for stocks, bonds - and for precious metals. The Bond Buyer 20-bond, 20-year tax- exempt yield index dropped from 10.98% on October 1 to 9.25% on October 14. Whether it will continue probably lies in the November 2 election results. After January 1 all new municipal bonds must be registered as to principal and interest and the entire trade is trying to determine the mechanics and the cost. No doubt there will be a good deal of extra expense in setting up the registration, printing extra bonds (for future transfers) and compensating for no-float paying agencies. If the bonds are not registrable the interest becomes subject to federal taxation according to the new federal law. This focuses on the larger question of whether, constitutionally, the federal government may tax obli- gations of the states and their subdivisions. By acquiescing step by step, allowing the federal gov- ernment to tax 15% of tax-exempt income and, now, the tax penalty, have the states, their cities, school districts, and counties, granted the federal government the right to tax them? In the last few months Ehlers and Associates initiated some developments which may interest you. • Cedar Falls, Iowa, sold $15.15 million general obligation hospital and sewerage system bonds at a net rate of 10.37% and $3.025 million sewerage system revenue bonds at 10.59%. The hospital bonds ($7.5 • million) were approved by 74% of the electors. Battle Creek Township, Michigan, completed a $5.2 million non-G.O., AMBAC-insured, tax increment finan- cing through a semi-public bond sale. We were able to structure the issue with assurances such that AMBAC could place the insurance before the incremental taxable property was in place. Some of the pro- tections provided should be examined even when issuing general obligation tax increment bonds. The Marquette, Michigan, Board of Light and Power sold $4.5 million seasonal fuel supply notes, AMBAC insured, for a net rate of 5.85%. Also, the Board sold $9 million, 20-year electric revenue bonds to complete its $60 million generating plant. We have developed a plan whereby a local government selling aid or tax anticipation certificates can, simultaneously, lock in the investment of proceeds. Especially important when issuing short-term cer- tificates, if investment earnings are an integral part of a construction program, it may also be impor- tant to insure investment yields when selling long-term bonds. Issuers might wait for and possibly get a better yield by waiting 30 to 40 days to the bond delivery but yields can and have declined in-the interim and the safest route may be to lock in an investment yield. * * * * * * * * * * * * Governments should re-examine repos (repurchase agreements) as investment vehicles. "Repos" are where a holder "sells" securities and agrees to repurchase them at a future time at a price which will afford an agreed return. It has been held that holders of repurchase agreements did not own the securities but, rather, had a security interest for a loan (deposit). Thus, the securities to be "repurchased" were part of a financial institution's assets in bankruptcy. * * * * * * * * * * * * Where a state has imposed levy limits, cities must become much more aware of techniques with which to augment and better use general fund revenues. We've conducted a number of seminars on this subject and expect to have others with refined materials. 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M 00 0 Ommb \ NWM00 0 \em \mm �000. 0 + 4. +. 4. 4 . .NN .00 .+ 4. . . .. 00000 M . . /- mm mm m 00300 \ \ mmm 3' \ 0 O W0000000300 m m m m m m m m m m m m m m m P mP P P P P P P P P P P P 0 0 0 0 0 0 0 0 0 O O O CE T T OU [d w 3 O N H T =rn.L Q 2'8,8.7 L d � o a w _ N c E i J 3'O t E m v ^ Z U £3 L • t d G T m Y O c E o 'o U q 0 o H c g 0 O . N H wv.x x¢ .GO udN�w£3'uc.� O -...-...,..... m„---ZZYtOa-,..£tLi2 „,.. .„OO 3w.n Moody"s Investors Service 99 Church Street, New York, NY 10007 July 22, 1987 Ms. Lavonne Wilson Clerk/Treasurer Oak Park Heights 14168 North 57th Street, Box 2007 Stillwater, Minnesota 55082 Dear Ms. Wilson: We wish to inform you that our Rating Committee has assigned the rating A to the $995,000 Oak Park Heights, Minnesota, General Obligation Bonds which sold through negotiation July 13, 1987. In order that we may maintain the currency of this rating over the period of the loan, we will require current financial and other updating information. We will appreciate your continued cooperation in the future. Should you have any questions regarding the above, please do not hesitate to contact Mitchell Savader at (212) 553-0300. Sincerely yours, —&640L)4.-4,A_,,OLAILL/rX,A4, Freda Stern Ackerman Executive Vice President MTS:cr 0 0 - v Mood Credit Report Oak Park Heights, Minnesota July 21, 1987 Update General Obligation/Special Tax Moody's rating: A opinion: A trend of strong financial operations as evidenced generating facility to provide upper medium grade by a substantial and improving General Fund security for a moderate amount of rapidly retired balance combines with satisfactory growth in a tax debt. base anchored by a Northern States Power key facts: Debt Burden: 1.9% Undesignat.d General Fund Balance as Payout,Ten Years: 94.0% % of Revenues, 1986: 78.5% Unemployment,Washington County, Median Family Income, 1980: $22,808 1986: 5.3% Median Housing Value, 1980: $61,100 4/86: 4.3% %Below Poverty Level, 1980: 3.8% 4/87: 3'3% Outstanding Direct Net Debt: $1,398,000 Northern States Power A.V. as Moody's Rating, % of Overall A.V., 1987: 58.0% Northern States Power: Aaf Average Annual Growth, F.V., 1983-87: 4.7% update: Though primarily a residential suburb of St. Paul, The city's financial position is strong as evidenced the city also contains a Northern States Power by the substantial General Fund balance. In generating facility which accounts for nearly 60% addition,as a result of large operating surpluses, of the local tax base. Due to proximity to the Twin the city is able to finance on a pay-as-you-go basis Cities,population has exhibited strong growth and some of its capital projects. Property taxes socioeconomic indices are above average. Local currently account for approximately 60%of officials,however,report the city is mostly operating revenues,and tax collections are developed with limited future growth expected after satisfactory,averaging 98%between 1984 and development of several platted subdivisions. 1986. • . 011 . i ...-h r ri i i L.i i i.L...p...i.ji f1 =1: • • 2 General Obligation/Special Tax July 21, 1987 Oak Park Heights, Minnesota • Debt burden is below average and payout very the last major tracts of land available for rapid as almost all city debt is retired within ten development within the city. Debt service is years.This review was prepared in conjunction expected to be provided by special assessments . - with the city's recent sale of$995,000 general levied on benefitted property;however,the bonds obligation improvement bonds of 1987. Proceeds of are unlimited tax general obligations of the city. the current issue-will finance various capital Officials report no immediate borrowing plans; improvements in what local officials report is one of however, the potential for substantial future borrowing does exist. rating history: 1976: A analyst: M.Savader 8188A01 • • Moody's Investors Service.Inc:has used due care and caution in the preparation of this publication.The information herein has been obtained from sources believed to he accurate and • pliable,but because of the possibility of human and mechanical error,its accuracy or completeness is not guaranteed.Moody's ratings are opinions,not recommendations to buy or sell, and their accuracy is not guaranteed.A rating should be weighed solely as one factor in an investment decision,and you should make your own study and evaluation of any issuer whose securities or debt obligations you consider buying or selling.Most issuers of corporate bonds,municipal bonds and notes,preferred stock,and commercial paper which are rated by Moody's Investors Service,Inc.have,prior to receiving the rating,agreed to pay a fee to Moody's for the appraisal and rating services.The fee ranges from$1,000 to 4125,000. Copyright 0 1987 by Moody's Investors Service,Inc.Publishing and executive offices at 99 Church Street,New York,NY l(XX)7 • Moody's Investors Service 99 Church Street,New York,N.Y.10007 Ken Heuer, Clerk-treasurer City of Oak Park Eeights 6141 Panama Ave. N. Stillwater, Minnesota 55082 Dear Sir or Madam: We have started to compile Moody' s 1985 Municipal & Government Manual and would appreciate your assistance in providing us with information requested on the enclosed form. Should bonds of your community or district now have a current Moody' s rating, it is extremely important that we receive the most up-to-date financial and statistical data. Our failure to receive the information necessary to review your rating will result in the withdrawal of the rating by our rating committee. Please return this letter with the requested information. Should the above address require correction, please make all necessary changes. Your cooperation will be greatly appreciated. PSincerely yours, 1 , �.. • • Robert P. Hanson Freda Stern Ackerman Assistant Vice President Executive Vice President & Editor-in-Chief FSA/mg Mood s Investors Service 99 Church Street � New York, NY 10007 I, # j 4 August 1, 1997 /1M — 5 1997 s 1 : CITY OF Finance Director OAK PARK HEIGHTS City of Oak Park Heights 14168 N. 57th St. Box 2007. Stillwater MN 55082 Dear Sir or Madam: ti ; A Our records indicate that we have not received either a copy of your audited or unaudited financial statement for the fiscal year ended 1996 or your most recent budget. We would appreciate your forwarding a copy of each document to us, as they are used as part of our overall surveillance of your credit ratings. If you have any questions or comments,please contact Michele Lovaglio, Supervisor- Information Center, at 212-553-3657. Please enclose a copy of this letter with the requested material to: Moody's Investors Service Information Center, 6th Floor Att: Michele Lovaglio 99 Church Street New York,New York 10007 Sincerely, zz4v6 Linda Lipnick Senior Credit Officer Ref.(8188) • Moodys Investors Service 99 Church Street,New York,N.Y.10007 RECEIVED MAY 0 1 1991 April 29, 1991 Ms. LaVonne Wilson Administrator/Treasurer City of Oak Park Heights 14168 N. 57th St. , Box 2007 Stillwater, Minnesota 55082 Dear Ms. Wilson: As per our recent correspondence, please find enclosed Moody's Municipal Credit Report. Should you have any future inquiry, please contact the assigned analyst, Dov Iskowitz at (212) 553-7936. Sincerely yours, Daniel N. Heimowitz Executive Vice President Director Public Finance Department DAI:cn ° • • • • • Moody's Municipal Credit Report Oak Park Heights, Minnesota April 26, 1991 New Issue General Obligation/Special Tax sale: $1,250,000 General Obligation Water and Sewer Revenue Bonds of 1991 date: Sold April 22 Moody's rating: A opinion: Strong financial operations,benefitting from prompt bine with a favorable socioeconomic profile to tax collections and a tax base dominated by a North- provide upper medium grade security for debt of this em States Power Company generating facility,corn- small suburban city. key facts: G.O.Bonds Outstanding: $2,262,000 Population Growth, Debt Burden: 5.2% 1970-80: 106.3% • Direct Net Debt as%of F.V.: 1.0% 1980-90: 30.9% Overall Net Debt per Capita: $3,286 Per Capita Income, 1987: $13,818 %Change 1979-87: 77.0% Largest Taxpayer,Northern States Power Co. As%of State, 1987: 112.5% as%of Tax Base: 64.9% Unreserved General Fund Balance as%of Average Annual Growth,F.V., Revenues,FYE 1990: 73.6% 1986-90: 4.5% Moody's Rating, F.V.per Capita, 1990: $62,678 Northern States Power Co.: Aa2 analysis: A northeastern Twin Cities suburb of approximately value in 1990 offset other citywide increases to result 3,400 people,Oak Park Heights continues to expert- in a modest full value decline for the year.Officials ence residential growth.The city is currently annex- report that the annual depreciation of the plant's ing substantial additional developable land, value has typically been offset by capital improve- indicating that further growth is likely for several ments to it,and that this is expected to be the case in years to come.Resident income levels are somewhat future years as well. above average and have grown at a rapid pace in the The current borrowing is prompted by the annexation • last decade.The city's tax base is dominated by a of 392 acres from an adjoining township.This land is Northern States Power Company generating facility, expected to be developed primarily as a residential which accounts for approximately 65%of the city's area,and will require future borrowing of somewhat total taxable value.The plant was initially con- under$1 million for various infrastructure improve- structed in 1968 and is estimated to have a remaining ments,over the next two years.The land also useful life of more than 20 years,even without any includes the site for a new high school.Bonds issued modifications.An 8%depreciation of the plant's • Farrel I — ■ • • 2 General Ob119ation/Special Tax Apr1126, 1991 Oak Park Heights, Minnesota • by Stillwater Independent School District No.834 to largest revenue source,and collection rates remain finance this facility are the primary contributor to the favorable.The city maintains conservative budgeting city's above average debt burden.Direct debt equals practices and designates significant reserves for cash only 1%of full value. flow and contingencies.State aid is a relatively minor The city's financial position has historically been source of city revenue,and officials project recent strong and remains so,bolstered by positive operat- cuts by the state will have only a minimal effect on ing results in fiscal 1990.Property taxes are the city's city operations. details of bond Legal Name of Issuer: City of Oak Park Heights, NIC: 6.51%. sale: Washington County,Minnesota. Average Life of Issue: 10.57 years. Security: G.O.,ULT;net revenues of the municipal Interest Payable: December 1, 1991 and semiannu- water and sewer system and special assessments also ally thereafter. pledged. Call Features: Beginning December 1, 1995 at par. Date of Bonds: May 1, 1991. Registrar: To be determined. Denomination: $5,000. Annual Maturities 12/1 ($000) Paying Agent: To be determined. Delivery: On or about May 13. Year Amount Year Amount Bond Counsel: Briggs and Morgan,St.Paul. 1993 $ 50 2001 $ 90 Financial Officer: Judy Hoist,Finance Director. 1994-95 55 2002 100 1996 60 2003 115 Advisors: Juran &Moody,Inc.,St.Paul. 1997 65 2004 130 Auditor: Voto,Tautges,Re,dpath&Co.,Ltd.,White 1998 70 2005 145 Bear Lake(FY 1990). 1999 75 2006 160 2000 80 rating history: September 1976: A analyst: Dov A.Iskowltz (212)553-7936 The information herein has been obtained from sources believed to be accurate and reliable,but because of the possibility of human and mechanical error,its accuracy or completeness is not • guaranteed.Moody's ratings are opinions,not recommendations to buy or sell,and their accuracy is not guaranteed.A rating should be weighed solely as one factor in an investment decision, and you should make your own study and evaluation of any issuer whose securities or debt obligations you consider buying or selling.Most issuers of corporate bonds,municipal bonds and notes,preferred stock,and commercial paper which are rated by Moody's Investors Service,Inc.have,prior to receiving the rating,agreed to pay a fee to Moody's for the appraisal and rating services.The fee ranges from$1,000 to$125,000. Copyright®1991 by Moody's Investors Service,Inc.Publishing and executive offices at 99 Church Street,New York,NY 10007 General Obligation/Special Tax Apr11 26, 1991 3 Oak Park Heights, Minnesota • debt factors: Debt Statement as of 5/1/91 (S 000) Amount Bonded debt outstanding $ 1,012 Current offering(4/22/91) 1,250 Gross bonded and direct debt $ 2,262 Less: Self-supporting G.O.water and sewer revenue bonds 80 Direct net debt $ 2,182 Overlapping debt 8,964 Overall net debt $11,146 For additional information please refer to Moody's 1990 Municipal and Government Manual,page 3275. Security: G.O.,ULT. Defaults: No record found. Debt Ratios Rate of Retirement Net Per % Median Principal Amount %of Debt Capita Median u F.V. (%) u Amount Due (S 000) Total Direct $ 643 $ 779 1.0 1.7 In 5 years $1,062 46.9 Overall 3,286 1,292 5.2 3.2 In 10 years 1,477 65.3 El For cities with population under 10,000. Use of Proceeds: To finance construction of a CIP/Future Borrowing: Less than$1 million water tower and various other water and sewer expected in 1993 for various improvements. improvements. Structure: Level debt service,slightly above average payout. administrative Form of Government: Statutory city;elected Public Employees: Staff of 17,including 14 full- factors: mayor and four council members,appointed city time.Contributory pension plans through state- administrator-treasurer,finance director,attorney, administered PERA. and engineer. Legislation/Referenda/Lltigation: None reported. propel Taxable Net %Current valuation and Levy/Collection Value Tax Rate Levy Collected tax data: Year F.V.(000) (000) 0 %Change (96) © (000) First Year 1988-89 $199,051 $7,106 5.1 $13.78 $ 927 97.9 1989-90 213,372 6,818 7.2 17.41 1,196 98.5 1990-91 212,603 6,259 -0.4 17.99 1,151 In p recess 1990 Full Valuation: $212,603,257 Average Annual Growth F.V., 1986-90: 4.5% 1989 Sales Ratio: 92.1% 1990 F.V.per Capita: $62,678 4 General Obligation/Special Tax Apr11 26, 1991 Oak Park Heights, Minnesota • 1990 T.V. Largest Taxpayers Business ($000) Northern States Power Co. Electric utility $4,062 Oak Park Partners Retail mall 287 Raymie Estates Apartments 95 K-Mart Retail 94 Oil Ridge Place Apartments 83 158 Club Marina 68 economic Population:Oak Park Heights Location: Washington County,approximately 20 factors: Year Population %Change miles northeast of Twin Cities. . 1970 1,256 - Area: 2.1 square miles 1980 2,591 106.3 Population Density: 1,615 per square mile 1990 3,392 30.9 Source:U.S.Census Bureau. Per Capita Income 1979 1987 %Change la Oak Park heights $7,805 $13,818 77.0 Washington County 8,176 14,142 73.0 State of Minnesota 7,450 12,281 64.8 Population and Housing Characteristics:Oak Park Heights Norms U.S. 1980 1980 1980 Population: Median age 27.6 29.2 30.0 %school age 22.7 21.2 20.9 %working age 58.7 59.5 60.7 %65 and over 9.4 11.8 11.3 No.persons/household 2.7 2.7 2.8 Income: Median family income $22,808 $21,185 $19,908 %below poverty level 3.8 9.5 12.5 Per capita income $7,805 $7,452 $7,313 Housing: %owner occupied 65.3 71.7 64.4 %built before 1939 17.9 33.3 26.1 %built since last census 59.0 25.2 25.9 Owner occupied median value $61,100 $54,300 $47,300 Median gross rent $246 $236 $243 Occupied housing units 955 - - • Source:U.S.Census Bureau. 0 0 General Obligation/Speclal Tax AprIl 26, 1991 5 - Oak Park Heights, Minnesota 0 Labor Market Characteristics:Washington County Labor Total %Unemployed Year Force Employment County State U.S. 1980 61,814 58,993 4.6 5.9 7.1 1981 63,571 60,852 4.3 5.5 7.6 1982 63,850 59,890 6.2 7.8 9.7 1983 0 70,626 67,607 4.3 6.3 7.5 1984 a 70,626 67,607 4.3 6.3 7.5 1985 0 66,948 64,075 4.3 6.0 7.2 1986 68,780 66,244 3.7 5.3 7.0 1987 71,434 68,636 3.9 5.4 6.2 1988 75,167 72,813 3.1 4.0 5.5 1989 75,797 73,131 3.5 4.3 5.3 1/9017 76,426 73,566 3.7 4.3 5.9 1/91 © 77,014 73,463 4.6 5.4 7.0 Source:Department of Labor,Bureau of Labor Statistics. 0 Data not consistent with preceding years due to changes in the benchmarking process. ®Monthly data not seasonally adjusted. Largest Employers Employees Employees Minnesota Correctional Facility 470 Northern States Power co. 113 St.Croix Mall 200 Routson Motors 60 K-Mart 150 Source:Official statement. financial factors: Operating Funds Financial Performance(fiscal years ended 12/31 $000) a % 1989 1990 Change Revenues $1,660 $1,942 17.0 Expenditures 1,599 1,616 1.1 Operating surplus© 40 156 290.0 In General and Debt Service Funds(modified accrual method of accounting). ©General Fund only. 1990 Sources of Revenue % 1990 Items of Expenditure % General property taxes 61.3 Public safety 29.1 Special assessments 18.2 Debt service 20.0 Interest on investments 5.9 General government 17.6 Charges for services 5.3 Sanitation 14.2 Other 9.3 Recreation 8.0 • Transfers to capital project funds 6.2 6 Gionaral Obll „wen= April 26, 1991 Oak Park Heights, Minnesota • General Fund Financial Position($000) 1989 1990 Cash and investments $941 $1,044 Operating loans - Other current liabilities 67 50 Year-end cash surplus $874 $ 991 Receivables $ 37 $ 73 Fund balance $911 $1,066 Unreserved fund balance 911 1,066 8188C01 • • Moody's Investors Service 99 Church Street,New York,N.Y. 10007 April 18, 1991 Ms. LaVonne Wilson Administrator/Treasurer City of Oak Park Heights 14168 N. 57th St. , Box 2007 Stillwater, Minnesota 55082 Dear Ms. Wilson: We wish to inform you that our Rating Committee has assigned the rating of A to the $1,250, 000 Oak Park Heights, Minnesota General Obligation Bonds to be sold April 22, 1991. In order that we may maintain the currency of this rating over the period of the loan, we will require current financial and other updating information. We will appreciate your continued cooperation in the future. We would appreciate receiving a copy of the final Official Statement when available. Under separate cover you will be receiving a copy of our credit report on the above referenced bond sale. Should you have any questions regarding the above, please do not hesitate to contact Dov Iskowitz at (212) 553-7936. Sincerely yours, r/ -Tht Daniel N. Heimowitz Executive Vice President Director Public Finance Department DAI:cn cc: Mr. Steven J. Mattson Vice President Juran & Moody, Inc. 400 N. Robert St. , Ste. 800 St. Paul, Minnesota 55101-2091 ASCQLINT NO, 693910 291-38 Payers name,address,and ZIP code Calendar OMB No.1545-0112 Year • 5. 1986 • Statement for FIRST TRUST COMPANY* INC. Recipients of 180 EAST FIFTH STREET* P.O. 8OX 64367 Interest Income ST, PAUL MN 55164-0367 Thb b TP°41nl bn b.77..M b b.bp.Tr b ,".Inbm.l R.wnw 41-0257700 ' Mk,m :�C' o :' Ma It o otboon po"„� Copy B - For Recipient Recipient's Identifying number Fopanbxwb(n WOO*f. nbaondi) Account Number or Transaction Interest Earnings Amt.of Forfeiture Fed.income tax withheld 41-0941681 Foreign country or U.S.possT iD 191A R Y INTEREST 376.81 .0 0 CITY OF OAK PARK HEIGHTS WASHINGTON COUNTY ATTN CLERK—TREASURER STILLWATER MN 55082 TOTALS ■ 376.81 .00 Recipient's name,address,and ZIP code Form 1099—I NT Department of the Treasury— Internal Revenue Service FIRST TRUST COMPANYAL. 201-3B 400 First Trust 180 EAST FIFTH STREET P.O. BOX 64367 Member First Bank System ST. PAUL, MINNESOTA 55164-0367 1986 INTEREST AND DIVIDEND TAX INFORMATION 69391-0 OAK PARK HEIGHTS DEFEASANCE ESCROW THIS IS THE 1986 INTEREST AND DIVIDEND INCOME TAX INFORMATION FOR THE ABOVE ACCOUNT. THE INTERNAL REVENUE SERVICE REQUIRES THAT PORTION OF THIS INFOR- MATION BE SENT TO YOU ON FORMS 1099-INT AND 1099-DIV. THOSE FORM AMOUNTS DUPLICATE MUCH OF THE INFORMATION REPORTED IN THIS LETTER . ANY NON-FORM 1099 AMOUNTS INCLUDED IN THIS LETTER HAVE BEEN REPORTED TO THE INTERNAL REVENUE SERVICE BY OTHER METHODS. THE DETAIL INFORMATION IS SHOWN ON YOUR ACCOUNTING STATEMENT. DIVIDENDS GROSS DIVIDENDS S $.00 QUALIFYING FOR EXCLUSION $ . 00 NOT QUALIFYING FOR EXCLUSION $ . 00 CAPITAL GAIN DISTRIBUTION $. 00 INTEREST COPORATE BONDS, MORTGAGES, ETC. $376 .81 2% TAX FREE COVENANT BONDS INTEREST $. 00 U .S. GOVERNMENT INTEREST $. 00 TAX FEDERAL INCOME TAX WITHHELD $.00 FOREIGN TAX PAID $. 00 ATTACHED IS A SCHEDULE OF CAPITAL GAINS AND LOSSES. WE ARE REQUIRED TO FURNISH THE SALE PROCEEDS INFORMATION TO THE INTERNAL REVENUE SERVICE . PLEASE REVIEW YOUR NAME/ADDRESS AND TAXPAYER IDENTIFICATION NUMBER AND ADVISE US OF ANY CORRECTION. CITY OF OAK PARK HEIGHTS WASHINGTON COUNTY ATTN CLERK-TREASURER STILLWATER MN 55082 KE-69391-0 1986 SCHEE. OF CAPITAL GAINS AND LADS PAGE 1 201-3B 1099E OAK PARK HEIGHTS DEFEASANCE ESCROW PAR OR SHARES SECURITY DESCRIPTION DATE SOLD NET SALE PRICE NET GAIN DATE ACQ COST BASIS OR LOSS LONG TERM SALES AND TAXABLE EXCHANGES 17,000.00 CERTIFICATES ACCRUAL TREAS 02-18-86 17,000.00 SECS-SER S-TNT PMT ON 12.50% 17,000.00- .00 2014 TREAS BD-DUE 2/15/86 RECEIPT ON DETACHED COUPONS CUSIP NO. 156884-ZR-2 75,000.00 TREASURY INVT GROWTH RCPTS 08-15-86 75,000.00 SER 14 INT PMT ON 13.75Z 75,000.00- .00 2004 TREAS BD 8/15/86 RECEIPT ON DETACHED CPNS CUSIP NO. 894643-UN-3 TOTAL NET SALE PRICE 92,000.00 * TOTAL COST BASIS 92,000.00-* NET LONG TERM GAIN .00 * • Moodys Investors Service 99 Church Street, New York,N.Y. 10007 RECEIVED MA Q Y i 1991 April 29, 1991 - Ms. LaVonne Wilson Administrator/Treasurer City of Oak Park Heights 14168 N. 57th St. , Box 2007 Stillwater, Minnesota 55082 Dear Ms. Wilson: As per our recent correspondence, please find enclosed Moody's Municipal Credit Report. Should you have any future inquiry, please contact the assigned analyst, Dov Iskowitz at (212) 553-7936. Sincerely yours, ):)4,70-. -t-4 --IV at- Daniel N. Heimowitz + Executive Vice President Director Public Finance Department DAI:cn • • • • Moody's Municipal Credit Report Oak Park Heights, Minnesota April 26, 1991 New Issue General Obligation/Special Tax sale: $1,250,000 General Obligation Water and Sewer Revenue Bonds of 1991 date: Sold April 22 Moody's rating: A opinion: Strong financial operations,benefitting from prompt bine with a favorable socioeconomic profile to tax collections and a tax base dominated by a North- provide upper medium grade security for debt of this • em States Power Company generating facility,corn- small suburban city. key facts: G.O.Bonds Outstanding: $2,262,000 Population Growth, Debt Burden: 5.2% 1970-80: 106.3% Direct Net Debt as%of F.V.: 1.0% 1980-90: 30.9% Overall Net Debt per Capita: $3,286 Per Capita Income, 1987: $13,818 %Change 1979-87: 77.0% Largest Taxpayer,Northern States Power Co. As%of State, 1987: 112.5% as%of Tax Base: 64.9% Unreserved General Fund Balance as%of Average Annual Growth,F.V., Revenues,FYE 1990: 73.6% 1986-90: 4.5% Moody's Rating, F.V.per Capita, 1990: $62,678 Northern States Power Co.: Aa2 analysis: A northeastern Twin Cities suburb of approximately value in 1990 offset other citywide increases to result 3,400 people,Oak Park Heights continues to expert- in a modest full value decline for the year.Officials ence residential growth.The city is currently annex- report that the annual depreciation of the plant's ing substantial additional developable land, value has typically been offset by capital improve- indicating that further growth is likely for several ments to it,and that this is expected to be the case in years to come.Resident income levels are somewhat future years as well. above average and have grown at a rapid pace in the The current borrowing is prompted by the annexation last decade.The city's tax base is dominated by a of 392 acres from an adjoining township.This land is Northern States Power Company generating facility, expected to be developed primarily as a residential which accounts for approximately 65%of the city's area,and will require future borrowing of somewhat total taxable value.The plant was initially con- under$1 million for various infrastructure improve- structed in 1968 and is estimated to have a remaining ments,over the next two years.The land also useful life of more than 20 years,even without any includes the site for a new high school.Bonds issued modifications.An 8%depreciation of the plant's al • • 2 General Obligation/Special Tax April 26, 1991 Oak Park Heights, Minnesota by Stillwater Independent School District No.834 to largest revenue source,and collection rates remain finance this facility are the primary contributor to the favorable.The city maintains conservative budgeting city's above average debt burden.Direct debt equals practices and designates significant reserves for cash only 1%of full value. flow and contingencies.State aid is a relatively minor The city's financial position has historically been source of city revenue,and officials project recent strong and remains so,bolstered by positive operat- cuts by the state will have only a minimal effect on ing results in fiscal 1990.Property taxes are the city's city operations. details of bond Legal Name of Issuer: City of Oak Park Heights, MC: 6.51%. sale: Washington County,Minnesota. Average Life of Issue: 10.57 years. Security: G.O.,ULT;net revenues of the municipal Interest Payable: December 1, 1991 and semiannu- water and sewer system and special assessments also ally thereafter. • pledged. Call Features: Beginning December 1, 1995 at par. Date of Bonds: May 1,1991. Registrar: To be determined. Denomination: $5,000. Paying Agent: To be determined. Annual Maturities 12/1 ($000) Delivery: On or about May 13. Year Amount Year Amount Bond Counsel: Briggs and Morgan,St.Paul. 1993 $ 50 2001 $ 90 Financial Officer: Judy Hoist,Finance Director. 1994-95 55 2002 100 1996 60 2003 115 Advisors: Juran&Moody,Inc.,St.Paul. 1997 65 2004 130 Auditor: Voto,Tautgcs,Redpath&Co.,Ltd.,White 1998 70 2005 145 Bear Lake(FY 1990). 1999 75 2006 160 2000 80 rating history: September 1976: A analyst: Dov A Iskowltz (212)553-7936 i The information herein has been obtained from sources believed to be accurate and reliable,but because of the possibility of human and mechanical error,its accuracy or completeness is not guaranteed.Moody's ratings are opinions,not reconunendationa to buy or sell,and their accuracy is not guaranteed.A rating should be weighed solely as one factor in an investment decision, and you should make your own study and evaluation of any issuer whose securities or debt obligations you consider buying or selling.Most issuers of corporate bonds,municipal bonds and notes,preferred stock,and commercial paper which are rated by Moody's Investors Service,Inc.have,prior to receiving the rating,agreed to pay a fee to Moody's for the appraisal and rating services.The fee ranges from*1.000 to$125,000. Copyright®1991 by Moody's Investors Service,Inc.Publishing and executive offices at 99 Church Street,New York,NY 10007 • • General Obligation/Special Tax April 26, 1991 3 Oak Park Heights, Minnesota debt factors: Debt Statement as of 5/1/91 (S 000) Amount Bonded debt outstanding $ 1,012 Current offering(4/22/91) 1,250 Gross bonded and direct debt $ 2,262 Less: Self-supporting G.O.water and sewer revenue bonds 80 Direct net debt $ 2,182 Overlapping debt 8,964 Overall net debt 11 $ ,146 For additional information please refer to Moody's 1990 Municipal and Government Manual,page 3275. Security: G.O.,ULT. Defaults: No record found. Debt Ratios Rate of Retirement Net Per % Median Principal Amount %of Debt Capita Median u F.V. (%) u Amount Due ($000) Total Direct $ 643 $ 779 1.0 1.7 In 5 years $1,062 46.9 Overall 3,286 1,292 5.2 3.2 In 10 years 1,477 65.3 0 For cities with population under 10,000. Use of Proceeds: To finance construction of a CIP/Future Borrowing: Less than$1 million water tower and various other water and sewer expected in 1993 for various improvements. improvements. Structure: Level debt service,slightly above average payout. administrative Form of Government: Statutory city;elected Public Employees: Staff of 17,including 14 full- factors: mayor and four council members,appointed city time.Contributory pension plans through state- administrator-treasurer,finance director,attorney, administered PERA. and engineer. Legislation/Referenda/Litigation: None reported. propel Taxable Net %Current valuation and Levy/Collection Value Tax Rate Levy Collected tax data: Year F.V. 111 100 v %Chan•e •. ® 100 First Year 1988-89 $199,051 $7,106 5.1 $13.78 $ 927 97.9 1989-90 213,372 6,818 7.2 17.41 1,196 98.5 1990-91 212,603 6,259 -0.4 17.99 1,151 In process 1990 Full Valuation: $212,603,257 Average Annual Growth F.V., 1986-90: 4.5% 1989 Sales Ratio: 92.1% 1990 F.V.per Capita: $62,678 • • 4 General Obligation/Special Tax Apra 26, 1991 . Oak Park Heights, Minnesota • 1990 T.V. Largest Taxpayers Business (S 000) Northern States Power Co. Electric utility $4,062 Oak Park Partners Retail mall 287 Raymie Estates Apartments 95 K-Mart Retail 94 Oil Ridge Place Apartments 83 158 Club Marina 68 economic Population:Oak Park Heights Location: Washington County,approximately 20 factors: Year Population %Change miles northeast of Twin Cities. 1970 1,256 - Area: 2.1 square miles 1980 2,591 106.3 Population Denslly: 1,615 per square mile 1990 3,392 30.9 Source:U.S.Census Bureau Per Capita Income 1979 1987 %Change Oak Park heights $7,805 $13,818 77.0 Washington County 8,176 14,142 73.0 State of Minnesota 7,450 12,281 64.8 Population and Housing Characteristics:Oak Park Heights Norms U.S. 1980 1980 1980 Population: Med i an age 27.6 29.2 30.0 %school age 22.7 21.2 20.9 %working age 58.7 59.5 60.7 %65 and over 9.4 11.8 11.3 No.persons/household 2.7 2.7 2.8 Income: ' Median family income $22,808 $21,185 $19,908 %below poverty level 3.8 9.5 12.5 Per capita income $7,805 $7,452 $7,313 Housing: %owner occupied 65.3 71.7 64.4 %built before 1939 17.9 33.3 26.1 %built since last census 59.0 25.2 25.9 Owner occupied median value $61,100 $54,300 $47,300 Median gross rent / $246 $236 $243 Occupied housing units 955 - - Source:U.S.Census Bureau. I 0 i General Obligation/Special Tax April 26, 1991 5 Oak Park Heights, Minnesota Labor Market Characteristics:Washington County Labor Total %Unemployed Year Force Employment County State U.S. 1980 61,814 58,993 4.6 5.9 7.1 1981 63,571 60,852 4.3 5.5 7.6 1982 63,850 59,890 6.2 7.8 9.7 1983 n 70,626 67,607 4.3 6.3 7.5 1984 d 70,626 67,607 4.3 6.3 7.5 1985 0 66,948 64,075 4.3 6.0 7.2 1986 68,780 66,244 3.7 5.3 7.0 1987 71,434 68,636 3.9 5.4 6.2 1988 75,167 72,813 3.1 4.0 5.5 1989 75,797 73,131 3.5 4.3 5.3 1/90© 76,426 73,566 3.7 4.3 5.9 1/91 © 77,014 73,463 4.6 5.4 7.0 Source:Department of Labor,Bureau of Labor Statistics. lD Data not consistent with preceding years due to changes in the benchmarking process. ®Monthly data not seasonally adjusted. Largest Employers Employees Employees Minnesota Correctional Facility 470 Northern States Power co. 113 St.Croix Mall 200 Routson Motors 60 K-Mart 150 Source:Official statement. e financial factors: Operating Funds Financial Performance(fiscal years ended 12/31 S 000) it % 1989 1990 Change Revenues $1,660 $1,942 17.0 Expenditures - 1,599 1,616 1.1 Operating surplus© 40 156 290.0 i General and Debt Service Funds(modified accrual method of accounting). IS General Fund only. 1990 Sources of Revenue % 1990 items of Expenditure % General property taxes 61.3 Public safety 29.1 Special assessments 18.2 Debt service 20.0 Interest on investments 5.9 General government 17.6 Charges for services 5.3 Sanitation 14.2 Other -9.3 Recreation 8.0 Transfers to capital project funds 6.2 �/ • • 6 General Obligation/Special Tax April 26, 1991 Oak Park Heights, Minnesota General Fund Financial Position($000) 1989 1990 Cash and investments $941 $1,044 Operating loans Other current liabilities 67 50 Year-end cash surplus $874 $ 991 Receivables $ 37 $ 73 Fund balance $911 $1,066 Unreserved fund balance 911 1,066 8188C01 • • Idler-Office Correspo nce 2-A3/5'6 Washington County Date: January 25, 1990 To: Robert Lockyear, Admin. W From: J. Ellis, Assessor's Dept. Subject: Values - 1988 assessed / payable 1989 City/ Twsp. Market Value Tax Capacity( replaced assessed) Bayport $ 84,995, 100 $ 3,056,024 Oak Park Hghts. $ 185,913,700 $ 7,276,261 Baytown $ 35,069,000 $ 936,520 - �� . � III ������ ::iavport OPH Pa`''+own Tu| ^ | Levy 790,523. 00 1 ,205,556, 00 $79,526. 00 2,075 ,605. 0(, - HACA 127,259. 00 0. 00 10. 00 123,29. 00 - FD 100,877. 65 45,735. 61 $3`579. 41 150. 192. 67 _______ ________-_-_____________________-____ ........ .________---________ '_- = Spread Levy 566,386. 35 1 , 159 ,820. 39 75,946. 59 1 ,802. 153. 33 . . Net Tax Capacity 2,806,862 7, 115,08? 117 ,092 10,739,043 ' - FD Contr 566 , 701 611 ,697 56 , 741 1 , 235^ 139 - Tax Incr 0 - Tr-an Value . = Taxable Value 2,240 , 161 6 ,503,392 760,351 9,503. 904 Local Tax Rate = 25. 283% 17. 834% 9. 988% 18. 962% (Spread Levy / Taxable Value) . . • . ~ '- a • f,... iNSHlMGTON COUNTY COMPARISON OF PAY 1990 CITY PORTION OF TAY[S ' PAY 1990 | Pay 90 FaLlattIL$68,000 $75,000 $100`0O; $125.000 $150.000 | **RESIDENTIAL** SD WS Local Tax . .Rt��ax Cao ��7TT 2O � 32V 2 V7S~~. ` ` 8AYPORT 834 0.252830 171.92 207.32 333.74 523.76 712.99 OAK PARK HGT 834 0,1787,40 121.27 146.24 235,41 369.16 502.92 8AYT0WN 834 0.099880 67.92 91.90 131.94 206.75 291.66 � •' COMBINED 0.189620 128,94 155.49 250.30 ! �.3� 3 .51 574.73 ` \ **DIFFERENCE** BAYPORT -42.96 -51.83 -83.44 -130.8f -170.25 . OAK PARK HGT 7.67 9.25 14.99 23.35 31.81 • BAY7UNH 61.02 73.59 118.46 195.7i 253.07 Note: Oak Park Heights is a cembinabc. A portion of the city nc,nzUy pars a higher rate for a sewer district. , . . � . • ' . `- � . . . - � . . � • • . � ' - . . . - - i • JURAN & MOODY , INC . MUNICIPAL BONDS EXCLUSIVELY 114 EAST SEVENTH STREET SAINT PAUL, MINNESOTA 55101 TELEPHONE 612/298-1500 July 27, 1982 LaVonne Wilson Clerk-Treasurer City Hall 14168 - 57th Street North Oak Park Heights, MN 55082 RE: CITY OF OAK PARK HEIGHTS, MINNESOTA Dear LaVonne: We understand that you are considering municipal improvements which may require financing by the issuance of municipal bonds, and in order for us to make a financial feasibility analysis, it is important that we have certain statistical information as soon as possible. We are enclosing three General Certificate forms which we would like to have you complete as soon as possible. One copy is for your file and two copies should be returned to us. In addition, we must have copies of your most current audit or financial statement, if not already forwarded to Juran & Moody, Inc. Also, if available, include copies of the latest City budget, capital planning document, comprehensive plan and any additional data pertaining to the City. If you have any questions or feel we can be of any assistance to you in any way, please feel free to call us at our expense. Very truly yours, JURAN & MOODY, INC. Steven J. Mattson Vice President SJM/eh (,� • enclosures 4 P.S. Please expedite. ,�; • • CITY OF OAK PARK HEIGHTS 14168 . 57th Street North STILLWATER, MINNESOTA 55082 439.4439 July 29, 1982 ' Duran & Moody, Inc. 114 E. Seventh Street St. Paul, Minnesota 55101 Attention: Mr. Steven Mattson Dear Steve: Enclosed are the items you requested. Should you have questions, please do not hesitate to contact me. Sincerely, City of Oak Park Heights 'La Vonne Wilson City Administrator/Treasurer LW/lw Enclosures III ' • STATE OF MINNES( A ) GENERAL CERTIFICATE COUNTY OF WASHINGTON ) We the undersigned, being the duly qualified and acting Clerk and Treasurer of the City of Oak Park Heights in said County and State, DO HEREBY CEP14, 'Y as follows: 1. L Ity was organized on or about May 1959 2. Form of Government X Statutory City Home Rule City If statutory city, please indicate which plan: Standard Plan Optional Plan A Optional Plan B How many voting precincts are located in the City? One List the elective offices, the length of term for each office and indicate whether officials are elected from precincts or at large: Precinct or Elective Office Length of Office At Large Mayor Two years Precinct Councilmen Four years Precinct 3. Population 1256 1970 U.S. Census 2591 1980 U.S. Census 2615 Present Estimate (as of 7/27/82 ) 4. City Area 1182. 2 acres 3 square miles • 410 5. City Officials List the following City Officials, indicate term expiration or if the office is appointive. Name Office Term Expires Franc Sonlmerfeldt Mayor 1982 William Westphal Council Member 1982 . John Lang Council Member 1982 Richard Seggelke Council Member 1984 Barbara O' Neal Council Member 1984 Council Member Judy Stiles Dtiptu isykl,lerk Appointed City Manager La Vonne Wilson City Administrator Appointed La Vonne Wilson Treasurer Appointed Finance Director Lyle Eckberg City Attorney Appointed Otto Bonestroo City Engineer Appointed Architect Please list any additional officials pertinent to the bond offering. - 2 - • • 6. Official Newspaper st i 11watPr nazcttP r Add es s 1Q2 Smith_ SPr^nncl St Stillwatfr_ MinnPGnta Phone 619-419_1110 Published on (day) n i 1y Deadline for legal notice is (day) Tay prior to puhli rati nn 10:00 A.M. 7. Regular Council meetings are held on Location C ity H all - � . 14168 ra. 2 d t�i �h USV1Wk Heights, MN Time 7:00 F.1vi. Special 24 meetings may be called by x (oral) (written) notice (6,94) (hours) in advance of such meetings. 8. There is no litigation threatened or pending questioning the organization or boundaries of said City, nor the right of any of the above-named officers to their respective offices. yes x no 9. The entire outstanding indebtedness according to the records of the City consist of the following: A. General Obligation Debt - General obligation debt payable from ad valorem taxes and additionally by either special assessments or revenues. Please indicate bond security (e.g. special assessments, revenues, tax increment, etc.) under Additional Security column; if solely secured by ad valorem taxes,axes put "none." e. 12/31/81 t Date of Amount Additional Final Interest Issue Purpose Outstanding Secutity Maturity Rate 67-68 water, san sewer 4. 50/4.60/4. 70 & streets 955, 000 1997 4.80/5.00 71, storm sewer 73, 000 1991 4.0/4. 25/4.6 5.0/5. 2/5. 4 5. 5/5.6/5. 7 76 water, san sewer, storm sewer 139, 000 1986 4. 0/4. 2/4.4 4. 6/4.8/5. 0 5. 1/5. 2/5. 3 77 water, san sewer, streets storm sewer 60,000 1983 4. 5 78 water, san & storm sewer, streeti0, 000 1984 5. 5 78 ' water, san & storm sewer, streets 1984 5.5 40, 000 79 water, san & storm sewer, streets 40, 000 1984 6. 0 - 3 - • • B. General Obligation Deht Sinking Funds - List any cash and/or investments (sinking funds) ava lable for and appropriated to pay principal and interest on the above list of general obligation bond issues. 12/31/81 1967-68 water, sewer, streets 823, 665 7.971 storm sewer 28, 627 1976 water, san & storm sewer 110, 708 1977 water, san & storm sewer, streets (4, 877) 1978-79 water, san & storm sewer, streets & area storm sewer 151, 585 • C. Revenue Debt - Revenue bonds payable solely from the revenues of a system or facility. These bonds would not have an ad valorem pledge to pay debt service. Date of. Amount Final Interest Issue Purpose Outstanding Maturity Rate 10/1/80 GO water & sewer bonds for Hall Expansion 200, 000 10/1/94 7. 50% D. Revenue Debt Sinking Funds - List any cash and/or investments (sinking funds) available for and appropriated to pay principal and interest on the above list of revenue bonds. None E. Additional Debt - List any additional indebtedness (certificates of indebtedness, warrants and similar obligations having definite or fixed maturity dates). None • - 4 - • • 111 F. Additional Debt - List any cash and/or investments (sinking funds) available for and appropriated to pay principal and interest on the above obligations. None 10. Special Obligation Debt List any special revenue obligations (not obligations of the City) e.g. industrial or commercial development revenue bonds. 9 p Name of Issue Dated Original Amount Industrial Development First Mortgage Revenue Bonds Series A1979 K-Mart Corporation-Tenant and Guarantor 8/15/79 2, 000, 000 11. Please list below or attach a copy of the most current monthly fund balances showing cash on hand and invp§tn ts the City has • in the following operating funds (as of 14- )J---°1 ). Name of Fund Cash and Investments Outstanding Obligations General 179, 115 None Rev. Shar. 67, 599 None Cap. Improv. 27, 270 None • - 5 - 12. The City has casn on hand in the following operating funds and has outstanding warrants and orders drawn on such funds which are payable upon presentation or when sufficient monies are available in such funds. Name of Fund Cash on Hand (as of 12-31-81 ) Outstanding Obligations Utilities 213, 805 200, 000 13. To the best of our knowledge, information and belief, the City has always promptly met all payments of principal and interest of its indebtedness when due, except ( if none, so state): None 14. Homestead credits received from the State of Minnesota have been as follows (please give most current five years): 19 77 $ 7, 969 19 - $ 12, 856 19-77- $ 14, 403 19 19-Tcr $ 26, 227 19 81 $ 31, 765 15. Machinery Aid received from the State of Minnesota have been as follows (please give most recent five years): ig 77 $ 179 11-78- $ 5 5 • 19 79 $ 146 19 Rn $ 411 19 R1 $ 418 16. Additional tax aids, if any: 19 77 $ 84_ 976 19 78 $ 96, 949 19 79 $ 100. 09'3 1980 $ 103 . 617 1981 $ 90. 291 - 6 - • S I• 17. Does the City anticipate the need for the issuance of tax-exempt y, bonds for the financing of any capital improvements within the City over the next 12 months? If so, please state the estimated, dollar amount and the approximate month of issuance, and the use ► of the proceeds. No WITNESS our hands and seal of the said City of Oak Park Heights this 27th day of July , 1982. • Clerk Treasurer (SEAL) • ti - 7 - • GENERAL CERTIFICATE ,SUPPLEMENT Municipality: Oak Park F eights 1. Access to the City Federal Highway(s): None State Highway(s): fes • County Highway(s): Yes Name of Railroad: Tone Principal Truck Lines: None United Parcel: yes X no Airport: private None municipal None single engine jet asphalt grass runway length Airlines, if any Streets: approximate miles o aved streets within the City corporate limits 12. 5 Miles 2. Municipal Buildings A. List municipal buildings (e.g. City Hall - administrative office; public works building - office for street department employees and maintenance garage for, all City vehicles; any additional information such as building size, etc.): Building Use • City Hall 10, 560 sq. ft. Offices and garages Ylp B. Any recent or pending construction of municipal building(s) yes no If so, building use ss- ize 3. Utilities Number of Connections Number of Connections Water Private Municipal 722 Sewer Private Municipal 734 Electric Private Municipal If rivate supplier(s)p Pp lier( ) are: • • If municipal utilities, please list any additional information about the utility(ies) (e.g. number of water storage facilities • list gallons; pump stations; sewage treatment plants): 1 water tank (250, 000 gallons) 2 pumping stations 1 treatment plant Show Statement of Operations for water and sewer funds; if separate funds, show funds separately and indicate by heading • water (heading) sewer (heading) Income 51, 265 * Income 51 , 391 * (Expenses) ( 53, 045 *) (Expenses) ( 84, 826 *) Net Income or (loss) (1780) * Net Income or (loss) (33, 435) (exclude depreciation from expenses) *Are these figures audited or unaudited? Audited x Natural Gas private municipal Tf private, please list supplier: Northern States Power Co. 'Telephone (supplier): Northwestern Bell Telephone Co. 4. Government Does the City have a comprehensive plan or other program outlining the pattern of future growth in the City? x yes no If so, give a short description of the plan: Planning Inventory Feb. 1978 { Policy Plan/Development Framework Jan. 1979 Detailed Facilities Plan, Recreation Facilities, Park and Open Space Apr. 1979 Community Improvements Plan Apr. 1979 Housing Plan May 1979 Sewer Policy Plan Dec. 1980 • _ 2 - . • List the number of full- and part-time employees by department. Number of Employees Full-Time Part-Time Department 2 0 Administrative 2 0 Utilities and parks 4 1 Police Give a short description of the City's employee pension plan(s) . Pera Social Security Pera - 8 How many employees are covered by the pension plan(s)? So c. Sec. - 4 If PERA, what has been the City's contributions for the past four years? 1981 $ 15, 291 1980 $ 15, 311 1979 1978 $ 13, 738 Does the City utilize a full-time paid or volunteer fire department? No Contract with Bayport Fire Dept. Number of active firemen: List the major equipment items: Give a short description of firemen's pension plan(s) : 410 Does the City contract for or operate their own police department? Yes If the City operates its own department, give a brief description of the department (include number of offices, dispatchers, various equipment, etc.) : One Police Chief Three full time officers One part time officer • Two squad cars, radio equipment, etc. 5. Parks —Playgrounds - Recreation (Give total acreage, type of recreation, type of programs available.) 78 acres Hiking trails . Hockey rinks Baseball diamonds Tennis courts 6. Municipal Liquor Does the City own municipal liquor stores? yes x no If yes - How many stores? off sale 'o ale Liquor Funds (as of - - 82* Net Sales Cost of Sales Gross Profit (Operating Expense) - - Operating Income Other Income (Expense) Net Income • (exclude depreciation from expenses) *Are these figures audited or unaudited? - 4 - ; 0 • �y 7. Building Permits Issued Commercial and Industrial Residential Number of Permits Number of Permits Total Amount (as of - - 82 L2/31/81 r 1982 $ , 1981 1 5 $ 5, 658 1980 1 21 $ 32, 291 1979 1 24 $ 17, 902 1978 3 44 $ 48, 721 1977 0 32 $ 2, 38 / 8. Residential Development ;'. Approximate number of single-family homes located within the City 612 Approximate number of multifamily units located in the City 479 New Constuction: approximate number of structures built within the past 12 months 3 single-family dwellings 4',;; 0 multifamily dwellings i. If the City has several residential subdivisions (constructed or i' planned within the past three years) , please list the following: a: Subdivision Name Number of Dwellings Status* Sunview Addition 5 (multiple) Completed Brekke II Addition 58 (single) Incomplete (98% completed) *e.g. under construction, completed, if available; elaborate as to z percent completed. - 5 - 9. Commercial and Industrial Development New Construction (number of structures built within the past 12 months): Name Product/Service None If the City has experienced commercial and industrial growth, please list recent construction for the past three years: Name Product/Service None Is there currently any pending plans for commercial/industrial development? yes X no If so, please explain: Is there an industrial park located in the City? yes X no If yes, the total number of enterprises currently located in the park is Total capacity of the industrial park: acres number of enterprises - b - List some of the larger employers in the park. Enterprise Number of Employees None S.. Any additional information about the park: 10. What is the approximate number of retail or commercial enterprises and total number of employees in the downtown area? 68 enterprises ? employees 11. Are there any shopping center(s) located in the City?* X yes no If so, please list: Number of stores 3 4 Square footage of center 104, 000 sq. tt. leasable Number of employees in center Any additional information about center(s): *If more than one center, please answer the following questions per center. 12. List the ten major employers located in the City. • Commercial Product/Service Number of Employees 1. Montgomery Wards - Sales & Service 2. Hardware Hand Hardware ? • 3. Lumberman ' s Restaurant ? 4. Ribbick' s Restaurant ? 5 Joseph' s Big Ben Restaurant ? 6. Dependable Ford New & Used car sales ? 7 K-Mart Discount Center ? , 8. Mac Donalds Restaurant ? w 9. NSP - King Plant 10. Fred' s Tire ? - 7 - • • Industrial Product/Service Number of Employees €° 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 13. Agriculture None Major crops or livestock: Average farm size: 14. Education (school year 19 and 19 ) Public* Private Enrollment Teachers Number of elementary schools 0 0 Number of junior 0 0 high schools Number of high p 0 schools *If public school, indicate school district number. If City has several districts within its jurisdiction, please describe. If needed, attach additional sheet. • - 8 - Please list other schools:* School Type Enrollment Teachers None *Community colleges, colleges, universities, private schools, vocational and technical schools, etc. 15. Professional services Number Doctors Dentists Lawyers 3 Other: 16. Community Services Hotels 0 number beds Motels 0 , number beds Hospital 0 municipal private number of beds Nursing Homes 0 municial private number of beds Library 0 municipal 15. List other factors you feel important to the economy of the municipality. Thank you for your cooperation. July 27, 1982 Dated: Title: City Administrator/Treasurer S • GENERAL CERTIFICATE SUPPLEMENT Municipality: OAK PARK HEIGHTS 1. Access to the City Federal Highway(s) : NO State Highway(s): VER County Highway(s) : YES Name of Railroad: NONE Principal Truck Lines: NONE United Parcel: yes no x Airport: private NONE municipal single engine jet asphalt grass runway length Airlines, if any Streets: approximate miles of paved streets within the City corporate limits - / 2. Municipal Buildings A. List municipal buildings (e.g. City Hall - administrative office; public works building - office for street department employees and maintenance garage for all City vehicles; any additional information such as building size, etc.) : Building Use City Hall (18) • Offices acid garages J.) 1� . B. Any recent or pending construction of municipal building(s) yes X no If so, building use same as above size Romodel and add approximately A?000 Rrp. 4‘t- 3. Utilities Number of Connections Number of Connections Water Private Municipal 696 7 : Sewer Private Municipal 705 1=4,/ Electric Private Municipal If private, supplier(s) are: • e • • If municipal utilities, please list any additional information about the utility(ies) (e.g. number of water storage facilities - list gallons; pump stations; sewage treatment plants) : 1 water tank (250,000 gallons) 2 pumping stations 1 treatment plant Show Statement of Operations for water and sewer funds; if separate funds, show funds separately and indicate by heading Water • (heading) Sewer (heading) Income 4+0,732 ` {' * Income T 38,909 ;." * (Expenses) ( 43,213 �, '*) (Expenses) ( 39,03+ r'- , *) Net Income or (loss) ( 2,481)' /x'' * Net Income or (loss) ( X25) (exclude depreciation from expenses) *Are these figures audited or unaudited? Audited Natural Gas X private municipal If private, please list supplier: Northern States.Power Co. Telephone (supplier) : Northwestern Bell Telephone Co. 4. Government Does the City have a comprehensive plan or other program outlining the pattern of future • growth in the City? X yes no If so, give a short description of the plan: Planning Inventory February 1978 Policy Plan/Development Framework January 1979 Detailed Facilities Plan, Recreation Facilities, Park and Open Space April 1979 Community Improvements Plan April 1979 Housing Plan May 1979 _ _ • • List the number of full- and part-time employees by department. Number of Employees Full-Time Part-Time Department 2 0 Administrative 2 0 Utilities aid parks 4 1 Police Give a short description of the City's employee pension plan(s). PERA SOCIAL SECURITY Pera - 8 How many employees are covered by the pension plan(s)? Soc. Sec. — 4 If PERA, what has been the City's contributions for the past four years? 1979 $ 13,738 r f �. 1978 $ 119882 J 1977 $ 1976 $ • Briefly describe the form of government. (If organizational chart is available, please enclose.) Mayor plus four Council persons 5. Parks - Playgrounds - Recreation (Give total acreage, type of recreation, type of programs available. ) 78 acres Hiking Trails Hockey Rinks Baseball Diamonis Tennis Courts - 3 - • • 6. Municipal Liquor Does the City own municipal liquor stores? yes X no If yes - How many stores? off sale on sale Liquor Funds (as of - - 80)* Net Sales Cost of Sales Gross Profit (Operating Expense) - Operating Income Other Income (Expense) • Net Income (exclude depreciation from expenses) *Are these figures audited or unaudited? 7. Building Permits Issued 5 > r ( - / Commercial and Industrial Residential Number of Permits Number of Permits Total Amount 1979 1 24 $ 17,902 1978 3 44 $ 48,721 1977 0 32 $ 2,57 1976 1 36 $ 3,567 1975 • $ 8. Residential Development Approximate number of single-family homes located within the City 571 Co Approximate number of multifamily units located in the City 361 New Constuction: approximate number of structures built within the past 12 months ; 20 single-family dwellings J 5 multifamily dwellings 4 - • I If the City has several residential subdivisions (within the past three years), please list the following: Subdivision Name Number of Dwellings Status* j Sunview Addition 5 (multiple) meted' Brekke II Addition 58 (Single) l3-in_em ..t° • *e.g. under construction, completed, if available; elaborate as to percent completed. 9. Commercial and Industrial Development New Construction (number of structures built within the past 12 months) : Name Product/Service • High--Security Facility p .soxi--LkOO cells) If the City has experienced commercial and industrial growth, please list recent construction for the past three years: Name Product/Service . -' z„ it t ,n/78 Restaurant �._ °yeas'-313/78 Restaurant- . K Mart /fl Discount-...Stare-_ - 5 - .•• • i Is there currently any pending plans for commercial/industrial development? - X-- yes no If so, please explain: `46- t--Note1 Is there an industrial park located in the City? yes x no If yes, the total number of enterprises currently located in the park is Total capacity of the industrial park: acres number of enterprises List some of the larger employers in the park. Enterprise Number of Employees • Any additional information about the park: - 6 - • • 10. What is the approximate number of retail or commercial enterprises and total number of employees in the downtown area? b0 ` 7 enterprises employees 11. Are there any shopping center(s) located in the City?* X yes no If so, please list: Number of stores 3'+ Square footage of center Number of employees in center Any additional information about center(s) : *If more than one center, please answer the following questions per center. 12. List the ten major employers located in the City. Commercial Product/Service Number of Employees 1. 2. 3. 4. 5. • 6. 7. 8. 9. 10. - 7 - • I Industrial Product/Service Number of Employees 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 13. Agriculture NONE Major crops or livestock: • Average farm size: 14. Education • Public* Private Enrollment Teachers Number of elementary schools 0 0 Number of junior 0 0 high schools Number of high schools 0 0 *If public school, indicate school district number. If City has several districts within its jurisdiction, please describe. If needed, attach additional sheet. - 8 - • Please list other schools:* School Type Enrollment Teachers NONE *Community colleges, colleges, universities, private schools, vocational and technical schools, etc. 15. Professional services Number Doctors 2 Dentists 9 /-i/ Lawyers 2 Other: 16. Community Services Hotels 0 number beds Motels 0 number beds Hospital 0 municipal private 0 number of beds Nursing Homes 0 municial private 0 number of beds Library 0 municipal 15. List other factors you feel important to the economy of the municipality. Thank you for your cooperation. Dated: September 19, 1980 g44:--€12-4•03.04-1 Title: - .•A4-0-1L44.01-1—A. ' • • STATE OF MINNESOTA ) GENERAL CERTIFICATE COUNTY OF WASHINGTON ) We the undersigned, being the duly qualified and acting Clerk and Treasurer of the City of Oak Park Heights , in said County and State, DO HEREBY CERTIFY as follows: 1. City was organized on or about May 1959 2. Form of Government X Statutory City Charter 3. Population c2t-1 !" 1276 1870 U.S. Census i,3 2508 Present Estimate (as of ) 4. City Area 1160 acres 2 square miles 5. City Officials List the following City Officials, indicate term expiration or if the office is appointive. Name Office Term Expires Donald Mondor Mayor ! 1980 William Westphal Councilmember 1982 Join Lang Councilmember 1982 Ricnara Beggelke Councilmember ,/ '-/ �98o xobert rorgerson :ouncilmember , ' 1980 Councilmember a onne son City Clerk _Appointed , ity Manager or Admin st-ator La Yonne Wilson) Treasurer Appointed Finance Director Eckberg, Lammers, Brim s& WolffCity Attorney Bonestroo,Rosene,Anderlik&Assoc.City Engineer N.W. Assoc. Consultants AX1CUICXXX Planner Please list any addition3/ officals pertinent to the bond offering: • 1• -s • • 6. Official Newspaper Stillwater Gazette Address Stillwater, MNN 55082 Phone 439-3130 Published on (day) Daily Deadline for legal notice is (day) 10:00A.M. 1 day prior to publication 7. Regular Council meetings are held on 2nd & 4th Mond9y monthly Location 14168 57th St. North Time 7:00 P.M. Special meetings may be called by (oral) (yn) notice 24 (fit) (hours) in advance of such meetings. 8. There is no litigation threatened or pending questioning the organization or boundaries of said City, nor the right of any of the above-named officers to their respective offices. yes X no 9. The entire outstanding indebtedness according to the records of the City consist of the following: A. General Obligation Debt - General obligation debt payable from ad valorem taxes and additionally by either special assessments or revenues. Please indicate bond security (e.g. special assessments, revenues, tax increment, etc. ) under Additional Security column; if solely secured by ad valorem taxes, put "none." Date of Amount Additional Final Interest Issue Purpose Outstanding Security Maturity Rate 12-31-79 ,,,, ;<°, 1967-68 water, sanitary sewer 1,055,000 1997 4.50/4.60/4.70 and streets 4.80/5.00 1971 Storm sewer 120,000 1991 4.0/4.25/4.6 5.0/5.2/5.4 5.5/5.6/5.7 1976 Water, Sanitary sewer, and storm sewer 180,000 1986 4.0/4.2/4.4 4.6/4.8/5.0 r 5.1/5.2/5.3 1977 Water, sanitary sewer, storm sewer & streets 80,000 1983 4.5 1978 Water, sanitary & storm sewer and streets 100,000 1984 5.5 yo , :'' 19 78 Water, sanitary & storm sewer and streets 100,000 1984 5.5 1979 Water, sanitary & storm sewer and streets 100,000 1984 6.0 - 2 - • • B. General Obligation Debt Sinking Funds - List any cash and/or investments (sinking funds) available for and appropriated to pay principal and interest on the above list of general obligation bond issues. 1967-68 Water, Sewer, Streets 559,419 1971 Storm Sewer 10,039 1976 Water, Sanitary & Storm Sewer 175,025 1977 Water, Sanitary, Storm Sewer & Streets (22,503) 1978-79 Water, Sanitary Sewer, Streets, Storm Sewer & Area Storm Sewer 245,595 , C. Revenue Debt - Revenue bonds payable solely from the revenues of a system or facility. These bonds would not have an ad valorem pledge to pay debt service. Date of Amount Final Interest Issue Purpose Outstanding Maturity Rate None • D. Revenue Debt Sinking Funds - List any cash and/or investments (sinking funds) available for and appropriated to pay principal and interest on the above list of revenue bonds. None E. Additional Debt - List any additional indebtedness (certificates of indebtedness, warrants, and similar obligations having definite or fixed maturity dates) . Date of Amount Final Interest Issue Purpose Outstanding Maturity Rate None - 3 - • F. Additional Debt - List any cash and/or investments (sinking funds) available for and appropriated to pay principal and interest on the above obligations. • None 10. Special Obligation Debt List any special revenue obligations (not obligations of the City) e.g. industrial or commercial development revenue bonds. Name of Issue Dated Original Amount Industrial Development First Mortgage Revenue Bonds Series A 1979 K-Mart Corporation-Tenant and Guarantor 8-15-79 2,000,000 11. Please list below or attach a copy of the most current financial statement showing cash on hand and investments the City has in the following operating funds (as of 12-31-79 ) , Name of Fund Cash • Investments Outstanding Obligations General Fund 5i,263 130,232 /;! ''. None Federal Revenue Shr 1,596 69,927 C None Capital Improvement 75,519 2 - None Lawson -15-9552 27420 None - 4 - 6 12. The City has cash on hand in the following operating funds and has outstanding warrants or orders drawn on such funds which are payable upon presentation or when sufficient monies are available in such funds. I; et Name of Fund Cash on Hand (as of 12"31-79 ) Outstanding Obligations Water 73,512 None Sewer 74,062 None 13. To the best of our knowledge, information and belief, the City has always promptly met all payments of principal and interest of its indebtedness when due, except (if none, so state) : NONE 14. Homestead credits received from the State of Minnesota have been as follows (please give most current five years) : 19 79 / 1 $ 10,710 / 19 $ 9, 14 / r 1977 $ 7,969 1976. $ 6,u44 1975 $ 4,160- • 15. Machinery Aid received from the State of Minnesota have been as follows (please give most recent five years) : 19 79 - (/ $ 346 199 78 $ 355 19. 7E $ 17 19 $ 16. Additional tax aids, if any: 19 79 $ 100,093 19 78 $ 96:949 ?` 19 77 $ 84,976 19-7� $ 85;832- *16 includes local government aid, tree removal aid, police aid and planning aid - 5 - • • 17. Does the City anticipate the need for the issuance of tax-exempt bonds for the financing of any capital improvements within the City over the next 12 months? If so, please state the estimated dollar amount and the approximate month of issuance, and the use of the proceeds. NO WITNESS our hands and seal of the said City of OAzt PARK HEIGHTS this 19th day of SEPTEMBER , 1980. Clerk Treasurer (S E A L) - 6 - JURAN & MOODY , INC . MUNICIPAL BONDS EXCLUSIVELY 114 EAST SEVENTH STREET SAINT PAUL, MINNESOTA 55101 TELEPHONE 612/298-1500 February 14, 1979. Ms. Lavonne Wilson City Clerk City of Oak Park Heights 6141 Panama Avenue North P.O. Stillwater, Minnesota 55082 RE: CITY OF OAK PARK HEIGHTS, MINNESOTA Dear Ms. Wilson: We understand that you are considering municipal improvements which may require financing by the issuance of municipal bonds, and in order for us to make a financial feasibility analysis, it is important that we have certain statistical information as soon as possible. We are enclosing herewith three General Certificate forms which we would like to have you complete as soon as possible. One copy is for your file and two copies should be returned to us in the enclosed self-addressed, staulped envelope. If you have any questions or feel we can be of any assistance to you in any way, please feel free to call us at our expense. Very truly yours, JURAN & MOODY, INC. Steven J. tson Vice President SJM/ ld Enclo ures . . ! • STATE OF MINNESOTA ) GENERAL CERTIFICATE COUNTY OF WASHINGTON ) ss. CITY OF OAK PARK HEIGHTS ) t . . We the undersigned, being the duly qualified and acting Clerk and Treasurer of the City of Oak Park Heights , in said County and State, DO HEREBY CERTIFY as follows: (1) Said City was organized on or about fS / , and has .X ____/ever since continued in existence as a duly organized ity of the State of Minnesota, and is now governed by the general e / laws, and an impression of the City Seal is affixed opposite our si;natures hereon. (2) The population of said City according to the 1970 census was L..5—w , and the present estimated population is • 0 9l7 (3) Said City comprises a territory of approximately,/34 acres, square miles , and has fj-.-jti,/ voting precincts. (4) The following are all of the officers and members of the City Council and the dates on which their respective terms of office expire. NAME OFFICE -TERM EXPIRES /1,.,�-,�..a_L -. .7 ,,,,- ,. Mayor ��3i / q t C3 /.:• 14 ,.. Clerk Treasurer („ * .,. Councilman — / Ft'a2..� .4,x o f -,, Council man --- / f cr ,2-. .. /� l ,.c . ,.?.Z, , Councilman -- „. ,_ ._.,„„ Councilman Councilman ..: � Attorney 4,'LL, -.,, „,,,,,,,7 „i gACAngineer ??Leux.i...4., - wieL4,....Aid50,41.4 .At 3l, City Manager or Administrator Finance Director 1 0 41/1 (5) The -- is the official newspaper of the /�% .}f r �L`. , and it is published on Mitt.- ) -�C-,-�-e.� VA-4 , of each week at 4,�.a`° ' e .L_, . ,}:�t..-..e..., . (6) Pursuant to the by-laws of said City, regular meetings of the City . / n Council are held at / '�,c -� (.-.u, -0,--m i ') /�f/ /` - l. , (', , in 7! said City on -xt(_ y- ,/tc) ,( tt in each __ �j�1 Jam. ��'�____e __ at '7; o U o'clock o_.M. , and special meetings may be called at any time on (oral) (written) notice by the Clerk to all Councilmen, ,7 y (mss) (hours) in advance of such meeting. (7) There is no litigation threatened or pending questioning the organization or boundaries of said City, nor the right of any of the above named officers to their respective offices. Yes No _ X (8) We further certify that, as appears by the books and records of said City under our custody and control and as known to us to be correct, the entire out- standing indebtedness of said City and its cash assets consist of the following items: 8. 1 Bonds, Certificates of Indebtedness, Warrants and similar obligations having definite or fixed maturity dates. DATE OF AMOUNT FINAL INIL EST ISSUE PURPOSE OUTSTANDING MATURITY :AFE /a- 36-Y? rj' i v pis,c)��c ' � �/9'97' J ' ,�?/.. u2 a! eta /1/-, it,Otzt jet/ e/ ,k-k-t .4. - u1-1' ilk t t r:2; 1/lam/l,/, ?/.6:D 5., i/.a/ i(j/•/ ' s ' 1-: - u , ,.- (•( /. '/ / 9 S 3 11 / ,Lk-t r 12,1- -.�C. 1 cV-,u t c,'/S' Itia t? -jr, , u reC_ /ael, �;. , /9851 S. OniTi `/f �o-r-ti;,J -21 2.t< _ — ,1, ., /�Z,C GS-O. !?,n r • 8. 2 The City has on hand cash available for and appropriated to the payment of principal and interest on items shown in part 8.1 hereof, and has in process of collection current taxes levied for such purposes, as follows: DESCRIPTION OF OBLIGATION DATE OF AMOUNT CURRENT ISSUE PURPOSE ON HAND UNCOLLECTED TAX J ". J 7/ e <f�'r•<:r 197 7 tt 8.3 Of the obligations listed in part 8. 1, hereof, the following are payable wholly or partly from special assessments levied on property specially benefited by the improvement for which such obligations . were incurred: DATE OF ISSUE PURPOSE >, ~� 7� ��j� ;�;, _ f[ Psi t�' P I fi 1(`'" (1. I . - 3 - • • 8.4 Of the obligations listed in part 8. 1 hereof, the following were issued for the public purpose of construction or improvement of ublic utility or p P convenience from which a revenue is or may be derived, including those for which full faith, credit and taxing powers are pledged, or are Revenue Obligations payable solely out of revenues from the improvement on account of which they were issued, and from payment of which the faith, credit and taxing powers of the City are not pledged. FAITH, CREDIT AND DATE OF TAXING POWER PLEDGES ISSUE PURPOSE (YES OR NOS 8.5 The City has cash on hand in the following operating funds, and has outstanding Warrants or Orders drawn on such funds which are payable upon presentation or when sufficient moneys are available in such funds: NAME OF OUTSTANDING FUND CASH ON HAND OBLIGATIONS 8.6 The City has no outstanding money obligations or indebtedness in addition to the items listed in parts 8. 1 to 8.5 hereof except (Give description and amounts, if any) : /,, - 4 - , . ���k �� • . ' 8. 7 The City has on hand cash or securities not included under parts 8. 2 or 8. 5 hereof as follows: --- ---- DESCRIPTION AMOUNT _______ � ' ' ' ° / c /' � '�' J7� � �� ' . ` ^� `�'�� �7� ^�//- ~�"'��� / ', ' n.� ,/.. . , 7� 1/ /�-/� 7�L / / 3 �� '' ' (9) To the best of our knowledge, information and belief, the city has always promptly met all payments of principal and interest of its indebtedness when clue, except� /L,d vJ� � �AL���`__ ____ _-__---- ----'-- none-2-so --------- --�-------- (10) Homestead Credits Received from the State of Minnesota have been as follows: _-~ ] 1 9 l9 $ q------- ] -r --� -- (11) Estimated Future Financing: :.MOUNT PURPOSE (a) To be inu�rreJ within 6 mos. /��^ r• (LP /7��-'--z,. p �/�'' tu� (b) To be incnrrcd `^i��hiu 1 - - '----- --'-- (including (a) - ------ ---- ----'--' . WITNESS our hands d the seal of x a - - ' � ° -~- ^" - ^ this day ' _ C=77:-• ( SEAL ) • Treasurer -5- • tLAIT SUPPLEMENT Municipality: C2L--Lci` 1. Agriculture: 7 Major crops or livestock: Average FarmSize: acres. 2. Transportation: Name of Railroad: Principal Truck Lines: Railway Express : Yes No United Parcel : Yes No Airport: Private Municipal Single Engine Iultiengine Jet .unway Length ft. Airlines: Streets: Approximate miles of paved sLroes 3. Major Industrial Entcrprises : Name Product/Service NuAerof Employees 1. 2. 3. 4. 5. 6. 7. (1. 9. 10. 4. Major Conmercial Enterprises : / )er of Erployees 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. ' ^ ' ' l i. . . - , � c / . 1 / `- iu1 ,i cS .,� "|y. ,v , e �o.8 / cr � y7 s in ' ": on ,,, ca. " , . 6% Any s:, ,-;ping Con; ,, s? Yes No _-_ __ IF So` Nut ' er of Stores Sq:ar2 foOtc:tia or center _ ___________�______________._ ___ _ _ _- Ny0b27 of cco}oy8es in center 7. Utilities: Number of Connections Number of Connections Water Private }YU0iCipal Sewer Private ;'1UDiCipal Electric Private ___ _ i',UUiCipal If Private - (Supplier) ________ ________� Natural Cas Private ____ _ VU0icipdl If Private - /547li2r\ _ __ ___ _-_'_--_ Telephone /SUpplier\ . 8.8. C i Services : ���������� Police Dept. Regular _ Part TI/le _________ Fire Dcpt, PegUldr _ VOlUnteer ______ __ Hotels �O. _ _ D2dS _ _____ _ _ Motels N0. �e�S ________ Hospital Municipal PriVdte ____________________. No. of B2ds _-_-____' __ Nursing Homes Municipal _ _ -- - -- __ Private NO of fled3 r `^_ - Liq a u0r ��/niC�� 1 r\':Yate _ LiUnary : /`iCi:s*l 7/iv,te _ .'��ytr�0tg No. _ ' Living U .i�S \ ,t�r O�yt. �``O. _ _ r� �'��[ 02�t. ' O, _ . - i.CriC ','.2pt. ;�. __. _ SL-r2et Dept. No. _ _ __________ ______ _ Parks & Recreation Dept. No. _ _ __ __ _ _ _________________ 9. Pro:-eSSiDDal S2rYiCpS : . h -,,r T. Doctors : 2. D23ti1tS: _ 3. [�',.y2rS : _ 4. Ot'aer: _ _ , _ _ ----------- -- - -- - -- ----- I 1 • 1(y. Fpro17, fl.nt of [1::,-„-nry Sc'ncols: Public Privdte No. of Jr. Hkjh School s: Public P'civate _ No. of High Schools: Public rrl- vate Other: : Public Private Total Teach i66 Staff (All Schools) Full I Part Time 11 . Parks-P1,.tycrods ,Recreation: , (Give at:al &crodg2 „aid type of (-7tcrr-..:ILion) 12. New Constrpction (Past 12 c..)flths) : Single Cc , eccial T ' s Pending col . rcial or Building Pymits issued: 19/3 No. 1974 No. 1975 No. 1976 No. $$ 1977 No. 1978 No. 13. Prasnt c Lion: ; ! • or of si L - 17.Edly Ci Ly 1 H rily Ls ! City 14. Does the City have a cc: plchchsive plan oc oth.Ar lut isutiinlng the pattacn of future gre....,,Lh in ne City? Yes Na Lf o, eThiii: shed t Cirys . . • 1 5. List other factors you ftel importiint to the (7....c o n o 4 o f t he municipality. Thank you for your cooperation. Dated: • • - t.1 W7*/ /oZCF: . , ,2 /2/ o,247/. ty) So/0 / eif ?/, %/s/ Ja-9 tL 37, 4,16-6 60, '425. 33 6-"o [96° .:2 g 76/. 491 —516 9e. /13 /.9/ 000 //i 5/02., I ' • tr..0 aTou v uy 6?a4. i3 .56, 'a.5 av 534.. 19 46, 7.27. 9 9 70, 34,6. S37;4 . a9 /D/ sc�e2Yn�. 3.2. 6 a. 34 4/77 4/ //?, 689. 83 S86, 638•// iu1 t�l� r�i�r`ur S9 soa.�a /a, 99D.d_e 3/, 2759. .31/9. 9� /9, /3 5<3 • • CITY OIr OAK PARK HEIGHTS STILLWATER, MINNESOTA 615082 March 1, 1979 Juran & Moody, Inc. 114 East Seventh Street St. Paul, Minnesota 55101 Attention: Steven J. Mattson Dear Steve: Enclosed please find duplicate General Certificate forms com- pleted. I have retained one copy for our files. Sorry you had to wait so long for them. Sincerely, La Vonne Wilson, Clerk-Treasurer City of Oak Park Heights LW/lw Enc: • • STATE OF MINNESOTA ) GENERAL CERTIFICATE COUNTY OF 1,1AS `IXTON ) ss. CITY OF ;. PER; ..VMS, MN ) We the undersigned, being the duly qualified and acting Clerk and Treasurer of the City of Oak Park Heights , in said County and State, DO HEREBY CERTIFY as follows: (1) Said City was organized on or about /; :, , , f , and has ever since continued in existence as a duly organized City of the State of Minnesota, and is now governed by the general }: ) ( c.c ti c c c , _v..„ laws, and an impression of the City Seal is affixed opposite our signatures hereon. (2) The population of said City according to the 1970 census was / ,- , and the present estimated population is ,' 9 / (3) Said City comprises a territory of approximately l/6 p acres, and has 010- voting precincts. (4) The following are all of the officers and members of the City Council and the dates on which their respective terms of office expire. NAME OFFICE TERM EX//PIRES Mayor c tic Clerk 3),(t �* ,., Treasurer t. .' Councilman I / 3/ /71' 4 Councilman / 243 //7 /p • 1 _ Councilman /' ! / t'0 1: a, -mow Councilman .. Councilman WW 'et) c� ,',�.,.,lz r� i u 71- At rney C 4„,,, Engineer 04.v o', -Architect r�.Onv t.E".4 - 1 - ' • 411 , . -, . (5) The _i , , � y ",i is the official „.„,d)newspaper of the ,!/1 �1 , and it is published on l J •i CC/ of each week at k • 1,4,• . (6) Pursuant to the by-laws of said City, regular meetings of the City _ Council are held at f' t a 1,„_,t r ,, ,, / ' ,4' ' E '' r; l in said City on ,. .. • ,• _, c1, in each ��.,,- at '.i # RP o'clock f2 .M. , and special meetings may be called at any time on (oral) (x ) notice by the Clerk to all Councilmen, —/c4. (hours) in advance of such meeting. I (7) There is no litigation threatened or pending questioning the organization or boundaries of said City, nor the right of any of the above named officers to their respective offices. (8) We further certify that, as appears by the books and records of said City under our custody and control and as known to us to be correct, the entire out- standing indebtedness of said City and its cash assets consist of the following items: 8.1 Bonds, Certificates of Indebtedness, Warrants and similar obligations having definite or fixed maturity dates. DATE OF AMOUNT FINAL INTEREST ISSUE PURPOSE OUTSTANDING MATURITY RATE 1 F c"--) ,.� • ._,r i `1 i. i a .1�. M , .0 6 f <—:,C?,' / s'pv n r, ^.'U ! y q - 47i, U 4/..2. S .;_ r l °.rr L.) 'J i -7 .. _ 1/4... :rr':..,,..A. _d'• t!• y . 4 . .,-, , ,w - 2 - • 40 8.2 The City has on hand cash available for and appropriated to the payment of principal and interest on items shown in part 8.1 hereof, and has in process of collection current taxes levied for such purposes, as follows: DESCRIPTION OF OBLIGATION DATE OF AMOUNT CURRENT ISSUE PURPOSE ON HAND UNCOLLECTED TAX ' �- / ° 47 72_ 8.3 Of the obligations listed in part 8.1, hereof, the following are payable wholly or partly from special assessments levied on property , specially benefited by the improvement for which such obligations were incurred: DATE OF ISSUE PURPOSE / e jj - (/^t i i;lk.t ♦' � `�J.clt, j Y - 3 - S I 8.4 Of the obligations listed in part 8.1 hereof, the following were issued for the purpose of construction or improvement of a public utility or convenience from which a revenue is or may be derived, including those for which full faith, credit and taxing powers are pledged, or are Revenue Obligations payable solely out of revenues from the improvement on account of which they were issued, and from payment of which the faith, credit and taxing powers of the City are not pledged. • FAITH, CREDIT AND DATE OF TAXING POWER PLEDGES ISSUE PURPOSE (YES OR NO) t 1,__ .J^' ( '�..:�..,,y-...._ �..1_i , J C�..: l F.K:c. 8.5 The City has cash on hand in the following operating funds, and has outstanding Warrants or Orders drawn on such funds which are payable upon presentation or when sufficient moneys are available in such funds: NAME OF OUTSTANDING FUND CASH ON HAND OBLIGATIONS • t 4t t �� ti.. _.r: � r- .7 U ?�, , 8.6 The City has no outstanding money obligations or indebtedness in addition to the items listed in parts 8.1 to 8.5 hereof except (Give description and amounts, if any) : - 4 - � ; S I 8.7 The City has on hand cash or securities not included under parts 8.2 or 8.5 hereof as follows: DESCRIPTION AMOUNT $ ' 41( =So 0-4 ct c-A-,-.—AS 4 e • ' r• , (9) To the best of our knowledge, information and belief, the City has always promptly met all payments of principal and interest of its indebtedness when due, except: (if none - so state) (10) Homestead Credits Received from the State of Minnesota have been as follows: 19 19 7,.7 $ 19 (11) Estimated Future Financing: AMOUNT PURPOSE (a) To be incurred within-6 mos. 41 ' 0' r (b) To be incurred within 1 year , • (including item (a) WITNESS our hands and the seal of said this day of Clerk ( SEAL ) Treasurer - 5 - ! S STATE OF MINNESOTA ) GENERAL CERTIFICATE COUNTY OF yam.- ';��' ) ss. We the undersigned, being the duly qualified and acting Clerk and Treasurer of the City of Oak Park Heights , in said County and State, DO HEREBY CERTIFY as follows: (1) Said City was organized on or about May 1959 , and has ever since continued in existence as a duly organized City of the State of Minnesota, and is now governed by the general municipal laws, and an impression of the City Seal is affixed opposite our signatures hereon. (2) The population of said City according to the 1970 census was 1256 , and the present estimated population is 1910 (3) Said City comprises a territory of approximately 1160 acres, square miles, and has One voting precincts. (4) The following are all of the officers and members of the City Council and the dates on which their respective terms of office expire. NAME OFFICE TERM EXPIRES Donald Moir Mayor December 31, 1978 Ken Heiser Clerk Appointed Ken Heuer Treasurer Appointed John P. 0roth Councilman December 31, 1978 John Lang Councilman December 31, 1978 Richard Seggelke Councilman December 31. 1900 Robert S. Torgerson Councilman December 31, 1980 Councilman Rehberg, Lammers, Briggs & Wolff Attorney Bonestroo, ROOM', Anderl$k & A$a Jngineer Midwest Pl evile ng & Research, tie. ACARIERMOC Planning ng Consultants City Manager or Administrator Finance Director - 1 - • • (5) The sitUvatier Graette is the official newspaper of the t .ia ►► - , and it is published on HOU titre ht. of each week at Sti11wttas, Nigiteeeta (6) Pursuant to the by-laws of said City, regular meetings of the City Council are held at sumisivel paudiast 3k2/4 t St. N. in said City on 2.01 Hondo. in each mos* at WOO P.M. o'clock P .M. , and special meetings may be called at any time on (oral) (written) notice by the Clerk to all Councilmen, 24 Man (hours) in advance of such meeting. (7) There is no litigation threatened or pending questioning the organization or boundaries of said City, nor the right of any of the above named officers to their respective offices. Yes No X (8) We further certify that, as appears by the books and records of said City under our custody and control and as known to us to be correct, the entire out- standing indebtedness of said City and its cash assets consist of the following items: 8.1 Bonds, Certificates of Indebtedness, Warrants and similar obligations having definite or fixed maturity dates. DATE OF AMOUNT FINAL INTEREST ISSUE PURPOSE OUTSTANDING MATURITY RATE 19674$ wat «Sanit*r ill''• 4050/4.60/4.70 Sewer & Streets 1435.000 1997 ISO • 44x.00 1971 Stare Sea "' 1304000 1991 4.0/4.25/4.6 5.3/5• •7 2.90k4 wattaar7 sewer-Mora Sewer 249.000 1+86 4 4.645.0 5•2/5. 3 1977 Watermeesitary and Strom Sewer «. Streets 100.000 1985 4.5 - 2 - ., . • 8.2 The City has on hand cash available for and appropriated to the payment of principal and interest on items shown in part 8.1 hereof, and has in process of collection current taxes levied for such purposes, as follows: DESCRIPTION OF OBLIGATION DATE OF AMOUNT CURRENT ISSUE PURPOSE ON HAND UNCOLLECTED TAX 1.90.6$ Water, Sewer, Streets 421,733.40 62,1•0 4.80 1971 Stern Sever %,X37.4, 11•831.48 1976 Water, Sanitary and Stmt Sever 10,136.86 4i926.20 1979 Water, Sanitary and Store , Streets 37,817.62 ,. 0 «. 8.3 Of the obligations listed in part 8.1, hereof, the following are payable wholly or partly from special assessments levied on property specially benefited by the improvement for which such obligations . were incurred: DATE OF ISSUE PURPOSE 1967.68 Water, Sanitary Sever and Streets 9971 Stern Saver, Water and Sanitary Sever et tentioa 1976 Water, Sanitary Sever and Stern Sever, Streets 1977 Water, Sanitary Sower and Stern Sewer, Streets - 3 - a.. • 8.4 Of the obligations listed in part 8.1 hereof, the following were issued for the purpose of construction or improvement of a public utility or convenience from which a revenue is or may be derived, including those for which full faith, credit and taxing powers are pledged, or are Revenue Obligations payable solely out of revenues from the improvement on account of which they were issued, and from payment of which the faith, credit and taxing powers of the City are not pledged. FAITH, CREDIT AND DATE OF TAXING POWER PLEDGES ISSUE PURPOSE (YES OR NO) Bea le tom" ae 8.3 Ye Yee Yae Yea 8.5 The City has cash on hand in the following operating funds, and has outstanding Warrants or Orders drawn on such funds which are payable upon presentation or when sufficient moneys are available in such funds: NAME OF OUTSTANDING FUND CASH ON HAND OBLIGATIONS water 50,73.142 Sera Sever 49,210.44 Nerve 8.6 The City has no outstanding money obligations or indebtedness in addition to the items listed in parts 8.1 to 8.5 hereof except (Give description and amounts, if any) : lie 4 • 410- 8.7 The City has on hand cash or securities not included under parts 8.2 or 8.5 hereof as follows: DESCRIPTION AMOUNT General rued $ 171,062.28 Feder& Revenue Sharing 68,550.56 (9) To the best of our knowledge, information and belief, the City has always promptly met all payments of principal and interest of its indebtedness when due, except: No assertions (if none - so state) (10) Homestead Credits Received from the State of Minnesota have been as follows: 19 77 $ 7969 J 19 76 $ 60114 , --1 r $ 4160 19 $ 19 $ ¢" (11) Estimated Future Financing: AMOUNT PURPOSE (a) To be incurred within-6 mos. 200,0006 Water, Sower, Spa (b) To be incurred within 1 year (including item (a) WITNESS our hands and the seal of said """7 this /Pitt day of -! , /CQV • Clerk ( SEAL ) Treasurer -5- 4 f • • STATE OF MINNESOTA ) GENERAL CERTIFICATE COUNTY OF WASHINGTON ) ss. art OF QAK PARK HEIGHTS, M3 ) We the undersigned, being the duly qualified and acting Clerk and Treasurer of the City of Oak Park Heights , in said County and State, DO HEREBY CERTIFY as follows: (1) Said City was organized on or about May 1959 , and has ever since continued in existence as a duly organized City of the State of Minnesota, and is now governed by the general Municipal laws, and an impression of the City Seal is affixed opposite our signatures hereon. (2) The population of said City according to the 1970 census was 1256 and the present estimated population is 1910 (3) Said City comprises a territory of approximately 1160 acres, and has one voting precincts. (4) The following are all of the officers and members of the City Council and the dates on which their respective terms of office expire. NAME OFFICE TERM EXPIRES Donald Monder Mayor 12/31/78 Ken Heuer Clerk Appointed Treasurer J. P. Groth Councilman 12/31/78 J. Lang Councilman 12/31/78 R. Seggelke Councilman 12/31/80 R. Rorgerson Councilman 12/31/80 Councilman Eckberg Lammers Briggs & Wolf Attorney Bonestroo-Anderlik Rosene Engineer & Assoc. Midwest Planning -Architect Planner - 1 - • • • (5) The Stillwater Gazette is the official newspaper of the city , and it is published on More-Thru-Friday of each week at Stillwater MN (6) Pursuant to the by-laws of said City, regular meetings of the City Council are held at Municipal Bldg. 14168 57 St.N. in said City on 2nd Monday in each month at 7:00 o'clock P.M. , and special meetings may be called at any time on (oral) (written) notice by the Clerk to all Councilmen, 24 (days) (hours) in advance of such meeting. (7) There is no litigation threatened or pending questioning the organization or boundaries of said City, nor the right of any of the above named officers to their respective offices. (8) We further certify that, as appears by the books and records of said City under our custody and control and as known to us to be correct, the entire out- standing indebtedness of said City and its cash assets consist of the following items: 8.1 Bonds, Certificates of Indebtedness, Warrants and similar obligations having definite or fixed maturity dates. DATE OF AMOUNT FINAL INTEREST ISSUE PURPOSE OUTSTANDING MATURITY RATE_. 1967,6 Water-Sanitary 1 135,000 1997 4.50/4.60/4.70 1968 Sewer - Streets 4.80/5.00 1971 Storm Sewer 140,000 1991 4.0/4.25/4.6 5.0/5.2/5.4 5.5/5.6/5.7 1976 Water-Sanitary 249,000 1986 4.0/4.2/4.4 and Storm Sewer 4.6/4.8/5.0 5.1/5.2/5.3 - 2 • S 8.2 The City has on hand cash available for and appropriated to the payment of principal and interest on items shown in part 8.1 hereof, and has in process of collection current taxes levied for such purposes, as follows: DESCRIPTION OF OBLIGATION DATE OF AMOUNT CURRENT ISSUE PURPOSE ON HAND UNCOLLECTED TAX 1967 . Water-Sewer Street 370,784 31,793 1968! 1971 Storm Sewer 18,238 7,836 1976 Water-Sanitary 138, 752 2,472 & Storm Sewer 8.3 Of the obligations listed in part 8. 1, hereof, the following are payable wholly or partly from special assessments levied on property specially benefited by the improvement for which such obligations were incurred: DATE OF ISSUE PURPOSE 1967 Water-Sanitary Sewer and Street 1968 1971 Storm Sewer - Water & Sanitary Sewer Extension 1976 Water-Sanitary & Storm Sewer and Streets - 3 - • • 8.4 Of the obligations listed in part 8. 1 hereof, the following were issued for the purpose of construction or improvement of a public utility or convenience from which a revenue is or may be derived, including those for which full faith, credit and taxing powers are pledged, or are Revenue Obligations payable solely out of revenues from the improvement on account of which they were issued, and from payment of which the faith, credit and taxing powers of the City are not pledged. FAITH, CREDIT AND DATE OF TAXING POWER PLEDGES I SUE PURPOSE (YES OR NO) 1967-68 Water Sanitary Sewer and Streets Yes 1971 Storm Sewer - Water and Sewer Extensions Yes 1976 Water, Sanitary and Storm Sewer - Streets Yes 8.5 The City has cash on hand in the following operating funds, and has outstanding Warrants or Orders drawn on such funds which are payable upon presentation or when sufficient moneys are available in such funds: NAME OF OUTSTANDING FUND CASH ON HAND OBLIGATIONS Water Operations $45,043 8,650 Sewer Operations $52,425 4,650 8.6 The City has no outstanding money obligations or indebtedness in addition to the items listed in parts 8.1 to 8.5 hereof except (Give description and amounts, if any) : None - 4 - S 0 8.7 The City has on hand cash or securities not included under parts 8.2 or 8.5 hereof as follows: DESCRIPTION AMOUNT General Fund $ 100,168 General Fund Savings 7, 350 Revenue Sharing Unallocated 6,700 General Fund Saving Unallocated 40,650 (9) To the best of our knowledge, information and belief, the City has always promptly met all payments of principal and interest of its indebtedness when due, except: No exceptions (if none - so state) (10) Homestead Credits Received from the State of Minnesota have been as follows: 1976 $ 6,044 1975 $ 4,160 1974 $ 3,109 (11) Estimated Future Financing: AMOUNT PURPOSE (a) To be incurred within 6 mos. None (b) To be incurred within 1 year None (including item (a) WITNESS our Ilands and the seal of said alit CA lailliAlti this c2af 4g. day of ia. ...,0.4r-‘ : 1517 . --2y- ,/,&A - -. Clerk --to? /do.. ( SEAL ) - reexr___ - 5 - Jib • STATE OF MINNESOTA ) COUNTY OF WASHINGTON ) ss. GENERAL CERTIFICATE VILLAGE OF OAK PARK HEIGHTS ) We the undersigned, being the duly qualified and acting Clerk and Treasurer of the. Village of Oak Park Heights , in said County and State, DO HEREBY CERTIFY as follows: (1) Said Village was organized on or aboutMay 1959 , and has ever since continued in existence as a duly organized Village of the State of Minnesota, and is now governed by the general Village laws, and an impression of the Village Seal is affixed opposite our signatures hereon. (2) The population of said Village according to the 1960 census was -532 , and the present estimated population is 1 300 • (3) Said Village comprises a territory of approximately 1000 acres, and has one voting precincts. (4) The following are all of the officers and members of the Village Council and the dates on which their respective terms of office expire: Name Office Term Expires Raymond N. Johnson Mayor 1969 Ken Heuer Clerk Appointed Don Oelke Treasurer Appointed Lester Bell Trustee 1970 Lloyd Larson Trustee 1969 George r,"onty Trustee 1969 Bennell Draxten Trustee 1968 Trustee Eckberg & Lammers Attorney Appointed -1- . . (5) The Stillwater Gazette * is the official newspaper of the Village , and it is published on Monday thru ,Friday of each week at Stillwater. Minn. • (6) Pursuant to the by-laws of said Village , regular meetings of the Village Council are held at Village Hall in said Village on 2nd Monday , in each month at 8 o'clock P.M.; and special meetings may be called at any time on (oral) (EfEEMS notice by the Clerk to all trustees, 24 ( jXsAhours) in advance of such meeting. (7) There is no litigation threatened or pending questioning the organization or boundaries of said Village , nor the right of any of the above named officers to their respective offices. (8) We further certify that, as appears by the books and records of said Village under our custody and control and as known to us to be correct, the entire outstanding indebtedness of said Vi1lag and its cash assets consist of the following items: 8.1 Bonds, Certificates of Indebtedness, Warrants and similar obligations having definite or fixed ma- turity dates Date of Amount Final Interest Issue Purpose Outstanding Maturity Rate Sept. 1,1967 Water & $900,000.00 1997 4.7399% Sewer Proj . * The Village has not designated any newspaper as it's "Official" newspaper. It is however ,the paper the village publishes their notices and advertisements in. -2- • • 8.2. The Village has on hand cash available for and appropriated to the payment of principal and interest on items shown in part 8.1. hereof, and has in process of collection current taxes levied for such purposes, as follows : Description of Obligation Date of Amount Current Issue Purpose on Hand Uncollected Tax 8.3 Of the obi atio n s li sted in part 8. 1. hereof, the followin g are payable wholly or partly from special assessments levied on property specially benefitted by the improvement for which such obligations were incurred: Date of Issue Purpose 9-1-67 Water and Sewer Project III -3- r I 8.4. Of the obligations listed in part 8. 1. hereof, the following were issued for the purpose of construction or improvement of a public utility or convenience from which a revenue is or may be derived, including those for which full faith, credit and taxing powers are pledged, or are Revenue Obligations payable solely out of revenues from the improvement on account of which they were issued, and from payment of which the faith, credit and taxing powers of the Village are not pledged: Faith, Credit and Date of Taxing Power Pledges Issue Purpose ("Yes" or "No") 8.5. The Village has cash on hand in the following operating funds, and has outstanding Warrents or Orders drawn on such funds which are payable upon presentation or when sufficient moneys are available in such funds: Name of Outstanding Fund Cash on Hand Obligations 8.6. The Village has no outstanding money obligations or in- debtedness in addition to the items listed in parts 8.1. to 8.5. hereof except (give description and amounts, if any) : -4- ; � • 41) 8.7 The Village has on hand cash or securities not included under parts 8.2 or 8.5 hereof as follows: Description Amount Savings Certificate $5000.00 ellcc.k , srG 'ace 0(4144 $ o% c'° (9) To the best of our knowledge, information and belief, the Village has always promptly met all payments of principal and interest of its indebtedness when due, except: - no exceptions- (If none - so state) WITNESS our hands and the seal of said Village this 5th day of Feb. , 19 68 i Clerk (j / mot, A-7 7 Cc{ / 1� - 4 easurer (S E A L) -5- • . 0 0 JURAN & MOODY , INC . MUNICIPAL BONDS EXCLUSIVELY 114 EAST SEVENTH STREET SAINT PAUL, MINNESOTA 55101 TELEPHONE 612/298-1500 August 18, 1976 MR. KEN HEUER Clerk - Treasurer City Hall Oak Park Heights, Minnesota 55082 RE: OAK PARK HEIGHTS, MINNESOTA Dear Mr. Heuer: We understand that you arc coAsidering municipal improvements which ray require financing by the issuance of municipal bonds, and in order for us to make a financial feasibility: analysis, it is important that we have certain statistical information as soon as possible. We are enclosing herewith three General Certificate forms which we would like to have you complete as soon as possible. One copy' is for your file and two copies should be returned to us ih the enclosed self-addressed, stamped envelope. If you have, any questions, or if we can assist you in any way, feel free to call us at our expense. Very truly yours, J !,, & MOODY, INC. 1 . A F James E. lsen\--ArC JEOC) Enclosures . , , 1 *Wad t* * * It Is ittw Croix %Ow woos Oftwo Owns few Ow past Whom iwow Wise* IssamweLoo pepilati4* * o r 1* f l or #t ` s . l & Assese, ), L401 (106000 Lamm. & oil of team. Ito My /ow whvotiol awl iswilssetto4 w*r 1.664104000 Initlarnet OA WM* a . s ` Vic' las »iii F boo 9 teal ispftWeil * desostwist lath Om M. liteo willswie vat ids room pstoolamo Use protwolesw is prowtitai at a ossloset tow the 421.* of lontsit. tottooto mato, *wow sod lowed prostilool to all icwiiisato stows*oat hisOltsio in k to to lito Mr Ow thwoltwool Nod molottiosi Iwo 31 own gawrsossedw. W soo is mom * 20 sammisit par sowe a is ► o U ostionkl. yr nth : ithecooto +NOt10►r the Cistir itttliwtoi Owls Wit * wow 600 11 Ito toots hoot boos plattoi is the Ott Isciaseetoo to moistoio tho wAystic value for fu "4344$41 latood.t. S IA paitt f pars (166 *Witte tatd31 refilika“ sat derail.OW boa � I } • • STATE OF MINNESOTA ) GENERAL CERTIFICATE COUNTY OF WASHINGTON ) ss. CITY OF ARK PARK HEIGHTS ) II We the undersigned, being the duly qualified and acting Clerk and Treasurer of the City of OAK PAIUZ EIGHTS , in said County and State, DO HEREBY CERTIFY as follows: (1) Said City 9 2 � ) ty was organized on or about t✓�1.� //� and has j , ever since continued in existence as a duly organized City of the State of Minnesota, and is now governed by the general �''' �t �( laws, and an impression of the City Seal is affixed opposite our signatures hereon. (2) The population of said City accordin g to the 1970 census was /aZ S (, , and the present estimated population is / 9/ . (3) Said City comprises a territory of approximately /r" 0 acres, and has r-. voting precincts. (4) The following are all of the officers and members of the City Council and the dates on which their respective terms of office expire. NAME OFFICE TERM EXPIRES • p't AM D Mayor 7 'Clerk Treasurer kd T. p. �t_�ry Councilman 'r f ! r Councilman i h 1- 6 6 Councilman i -To 2 G /. Ja .i Councilman /3 7/-/C.,, Councilman Cc!,-,44 6/Z_ 4./41,n4 cif,/f / Ie 4 Lt/0/1 Attorney Engineer (7r1<^'v C ,. ��'� (' rtJ r �FF,'�4"�'�1 'c g Architect / 2 ( .. • L (..) C C -d a + /i .1 1 0 • (5) The _...:4.L� .t., � -I L, . . .a.t II, is the official a newspaper of the ,-, c., • , and it is published on /l ..6).1. i' ,t( —__L o�<A `Lt �k_i(.-, of each week at .a k L. 1, , IYUvt• (6) Pursuant to the by-laws of said City, regular meetings of the City Council are held at , .1.n-if ,- 1 !; ;', j-;‘' )4 . in • said City on A::„�_ % in each ,,-- � , c: at A o'clock ,( .M. , and special meetings may be called at any time on (oral) 4.ttect:r4e-) notice by the Clerk to all Councilmen, ,2„4.7i (hours) in advance of such meeting. ----r(7) There is no litigation threatened or pending questioning the organization or boundaries of said City, nor the right of any of the above named officers to their respective offices. (8) We further certify that, as appears by the books and records of said City under our custody and control and as known to us to be correct, the entire out- standing indebtedness of said City and its cash assets consist of the following items: g Y g 8.1 Bonds, Certificates of Indebtedness, Warrants and similar obligations having definite or fixed maturity dates. DATE OF AMOUNT FINAL INTEREST ISSUE PURPOSE OUTSTANDING MATURITY RATE to —7 ({�pn ' e J(I Ai7ry i 4 2 E. el-Co. @,a 3u ` Pci j' c/. 86- — %°o t'.. cr ci.cc - q.2 4.Go ! w 57 DO — 512-0 ——5.- -? S%SG - '-S-'6° - S•3 - 2 • • 8.2 The City has on hand cash available for and appropriated to the payment of principal and interest on items shown in part 8.1 hereof, and has in process of collection current taxes levied for such purposes, as follows: DESCRIPTION OF OBLIGATION DATE OF AMOUNT CURRENT ISSUE PURPOSE ON HAND UNCOLLECTED TAX /96 ? � t Fr i c�% _ (:), 5 5S' to c 4-39- / ‘r 8.3 Of the obligations listed in part 8. 1, hereof, the following are w payable wholly or partly from special assessments levied on property specially benefited by the improvement for which such obligations were incurred: DATE OF ISSUE PURPOSE ,i; *.. ■4.44' <."� ,t t.f.l '�/L. - 19 LOS 't E ' £ /J /6 4/S - 3 / C t-rC • - 3 • • 8.4 Of the obligations listed in part 8.1 hereof, the following were issued for the purpose of construction or improvement of a public utility or convenience from which a revenue is or may he derived, including those for which full faith, credit and taxing powers are pledged, or are Revenue Obligations payable solely out of revenues from the improvement on account of which they were issued, and from payment of which the faith, credit and taxing powers of the City are not pledged. • FAITH, CREDIT AND DATE OF TAXING POWER PLEDGES ISSUE PURPOSE (YES OR NO) , = .. 8.5 The City has cash on hand in the following operating funds, and has outstanding Warrants or Orders drawn on such funds which are payable upon presentation or when sufficient moneys are available in such funds: NAME OF OUTSTANDING FUND CASH ON HAND OBLIGATIONS • 8.6 The City has no outstanding money obligations or indebtedness in addition to the items listed in parts 8. 1 to 8.5 hereof exept (Give description and amounts, if any) : • r cy r %7' 4 • 8.7 The City has on hand cash or securities not included under parts 8.2 or 8.5 hereof as follows: DESCRIPTION AMOUNT en/Stark .c,,,Jo r '. $ 4,-2 S- 0 ., l�> , '7("/ C 7/3 /./ c, (9) To the best of our knowledge, information and belief, the City has always promptly met all payments of principal and interest of its indebtedness when due, except: t , e Ai_; (if none - so state WITNESS our hands and the seal of said (, 7", this f day of , Clerk 'r uter ( SEAL ) - 5 - . • • 3. PROFESSIONAL SERVICES: Number A. Doctors B. Dentists . u: C. Lawyers % D. E. F. 4. TRANSPORTATION • Rail (Companies) Truck Lines Railway Express United Parcel Airport •.Municipal Private Airlines Charter 5. UTILITIES AND COMMUNITY SERVICES Police Dept. Regular Part Time Fire Dept. Regular Volunteer r/ Water System Municipal ✓ Private Sewer System Municipal Private Electricty, Supplier �iter�at P ?et L ,.r cc,. Gas, Supplier w.. Telephone, Supplier ILL ,-C , crc1..(a 6 ., Number of Hotels y `° Motels Municipal Private Number of Beds Nursing Home, Municipal 12 Private Number of Beds Parks: (acres) Golf Cours: Municipal P (..e,.t Private ��t= te(... Public Library: (yes or no) r. c Liquor: Municipal Private Communications: Newspaper ,, Radio 1, Other 6. EDUCATION FACILITIES No. of Elementary Schools Enrollment No. of Junior High Schools \ rF Enrollment No of High Schools t� t. g / ,i ��/ Enrollment No of Parochial Schools ,a rti - Enrollment Enrollment Enrollment Total Teaching Staff (all schools) Full Time Part Time 7. AGRICULTURAL Major Products Average Farm Size (acres) t 1 Sig Sat 'PAM A tit iris .. SittmetlAis Sid owl S Soot S 0142. Swiat ai 0 PAS" Mg s .., Maw Wok PkitUipes 's Z gt 4116 fair* 004 04 PleWir ON411,014 Zia alle.t* 22410, (ttif sale) NA. Mop Sost 1 e (2 - 1 2 e MU Wrilt OM taw*11401011 . 4.0ftlo k 4101001004. APISMO0** MVO g044111 go & go. 'Nth d•rTA/hr.. 4LCE# s .Ai,v4, EGEcrarc.a. Pt GE NE n�r�i w,.r CaregotaSkows (a) sorttoritte O Aottioroo Std, . , • S • JURAN & MOODY, INC. MUNICIPAL BONDS TELEPHONE 224-9661 TWY.612 361-6168 AREA CODE 612 SAINT PAUL,MINN EPOTA 155:01 14 GAST.8 EVLNTH STREET JULY 2)4, 1967 VILLAGE OF OAK PARK HEIGHTS c/o MR . KEN HEUER, CLERK ROUTE I STILLWATER, MINNESOTA DEAR MR. HEUER: Re: VILLAGE OF OAK PARK HEIGHTS , WASHINGTON COUNTY We are enclosing an original and two copies of the General Certificate form. We would appreciate it very much if you would complete these forms by inserting all pertinent data. The original copy is for your.files_ We would appreciate it if you would return the remaining two copies to us in the enclosed self-addressed, stamped envelope. Thank yo u for your cooperation in this matter. Very truly yours, JURAN $ MOODY, INC. \Vs/Cc - r 'JAMES E. OLSEN JEO: AKM Enclosure 410 dill STATE OF MINNESOTA ) COUNTY OF WASHINGTON ) ss. GENERAL CERTIFICATE VILLAGE OF OAK PARK HEIGHTS ) We the undersigned, being the duly qualified and acting Clerk and Treasurer of the VILLAGE of OAK PARK HEIGHTS , in said County and State, DO HEREBY CERTIFY as follows: (1) Said VILLAGE was organized on or about May' 1959 , and has ever since continued in existence as a duly organized VILLAGE of the State of Minnesota, and is now governed by the general VILLA GE laws, and an impression of the VILLAGE Seal is affixed opposite our signatures hereon. (2) The population of said VILLAGE according to the 1960 census was 332 , and the present estimated population is 1300 4 (3) Said VILLAGE comprises a territory of approximately 1000 acres, and has one voting precincts. (4) The following are all of the officers and members of the VILLAGE Council and the dates on which their respective terms of office expire: Name Office Term Expires Raymond Johnson Mayor 1967 Ken Heuer Clerk Appointed Donald Oelke Treasurer Appointed Lester Bell Trustee 1967 Bennell Draxton Trustee 1968 Lloyd Larson Trustee 1969 George Monty Trustee 1969 Trustee Lyle Eckberg Attorney Appointed -1- J • • 1 .. �. • • (5) The Stillwater Gazette is the official 'newspaper of the VILLAGE , and it is published on Monday through Friday of each week at Stillwater, Minnesota • (6) Pursuant to the by-laws of said VILLAGE , regular meetings of the VILLAGE Council are held at Village Hall in said VILLAGE on Second Monday , in each month at 8:00 o'clock P .M. ; and special meetings may be called at any time on (oral) ( ) notice by the Clerk to all trustees, 24 a (hours) in advance of such meeting. (7) There is no litigation threatened or pending questioning the organization or boundaries of said VILLAGE , nor the right of any of the above named officers to their respective offices. (8) We further certify that, appears by as a ears b the books and records of said VILLAGE under our custody and control and as known to us to be correct, the entire outstanding indebtedness of said and its a g VII LAGE cash assets consist of the following items: 8.1 Bonds, Certificates of Indebtedness, Warrants and similar obligations having definite or fixed ma- turity dates Date of Amount Final Interest Issue Purpose Outstanding Maturity Rate NONE * The Village has not "officially" designated any paper as "Official Newspaper of the Village". It is, however, the paper all Village Notices and advertisements are published. -2- • 8.2. The VILLAGE has on hand cash available for and appropriated to the payment of principal and interest on items shown in part 8.1. hereof, and has in process of collection current taxes levied for such purposes, as follows: Does not apply. Description of Obligation Date of Amount Current Issue Purpose on Hand Uncollected Tax NONE 8.3. Of the obligations listed in part 8.1. hereof, the following are payable wholly or partly from special assessments levied on property specially benefitted by the improvement for which such obligations were incurred: Date of Issue Purpose Does not apply. -3- 4110 1110 8.4. Of the obligations listed in part 8.1. hereof, the following were issued for the purpose of construction or improvement of a public utility or convenience from which a revenue is or may be derived, including those for which full faith, credit and taxing powers are pledged, or are Revenue Obligations payable solely out of revenues from the improvement on account of which they were issued, and from payment of which the faith, credit and taxing powers of the VILLAGE are not pledged: Faith, Credit and Date of Taxing Power Pledges Issue Purpose ("Yes" or "No") NONE 8.5. The VILLAGE has cash on hand in the following operating funds, and has outstanding Warrents or Orders drawn on such funds which are payable upon presentation or when sufficient moneys are available in such funds: Name of Outstanding Fund Cash on Hand Obligations General 0 2,047.45 July 31, 1967 0 77.00 8.6. The VILLAGE has no outstanding money obligations or in- debtedness in addition to the items listed in parts 8.1. to 8.5. hereof except (give description and amounts, if any) : NflITEE -4- �. 410 4110 8.7 The VILLAGE has on hand cash or securities not included under parts 8.2 or 8.5 hereof as follows: 'T Description Amount Savings Certificate $ 5,000.00 (9) To the best of our knowledge, information and belief, the VIIIA rE has always promptly met all payments of principal and interest of its indebtedness when due, except: - no exception - • (If none - so state) WITNESS our hands and the seal of said V I L t B cF this 31st day of July , 19 67 • -=s�- Clerk ,e,„11" MMMMM - Tre urer (SEAL) c -5- • I ti Moody's Investors Service 99 Church Street,New York,N.Y. 10007 212-553-0300 November 5, 1981 Ms . Judy Stiles-Deputy Clerk Oak Park Heights 14168 St. N. Stillwater, MN 55082 Dear Sir or Madam: We have started to compile Moody' s 1982 Municipal & Government Manual and would appreciate your assistance in providing us with information requested on the enclosed form. Should bonds of your community or district now have a current Moody's rating, it is extremely important that we receive the most up-to-date financial and statistical data. Our failure to receive the information necessary to review your rating will result in the withdrawal of the rating by our rating committee. Your cooperation will be greatly appreciated. Sincerely yours, P141-e".1.pf, 4.1414 56444.) acitt-triz,e. Robert P. Hanson Freda Stern Ackerman Asst. Vice-President Senior Vice-President & Editor-in-Chief FSA/ml Enclosure • Moody's Investors Service 99 Church Street, New York, N Y 10007 Telephone: (212) 553-0300 MUNICIPAL BOND RESEARCH DEPARTMENT 1981 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR 1982 MOODY'S MUNICIPAL&GOVERNMENT MANUAL INSTRUCTIONS: Please complete this questionnaire and return it promptly to Moody's together with any attachments.If you have any questions write or call Moody's Municipal Bond Research Department at the address or telephone given above. tL UNIT DESCRIPTION OAK PARK HEIGHTS MN Washington MN Name of Governmental Unit State of Located in County of County Seat 2,591 2,616 1.5 Population(1980 U.S.Census) Population(1981 Est.) Land Area Sq.Mi.(1980) Land Area Sq.Mi.(as of) D ANNUAL REPORT Enclose a copy of your Annual Report for last completed fiscal year. Report will be returned it you so indicate on its front cover. ® OVERLAPPING UNITS — List the names of all overlapping units, i. e., county, school districts, flood control districts, etc. (attach separate sheet if necessary). Washington County Metropolitan Council ISD #834 State of Minnesota School District 916 Gi BONDED DEBT AS OF 12 /_31 / 81 Is the issuance of any short or long-term debt anticipated over the next year? If so,please specify the type,approximate amount and expected time of issuance. Unlimited Limited Other Tax Tax* Describe (i.e.,Spec.Assess., General General MVHF,Sales Tax,etc.) Obligations Obligations Revenue Amount Description General Improvements 1,385,000 Schools Roads and Bridges Sanitary Sewerage . Water 200,000 Electric Gas Transportation Lease-Rental State Loans Repayable TOTAL 1,585,000 Bonds Authorized by Unissued: None *Limited to: Mills Per$1,000 Assessed Valuation. If any of the above is supported by law or contract from revenues supplied by another governmental unit,attach a statement giving all relevant details. r • .:. Lit)t3'ai D RETIREMENT ;:.. Fiscal Year -General Obligations Revenue Other , Principal Interest Principal Interest Principal Interest Actual 1979 105,000 84,595 1980 175,000 88,315 - ___ __- Duein 1981 175,000 76,665 16,200 1982 175,000 67,935 10,000 16,200 1983 155,000 59,085 10,000.__ 15,450 1984 160,000 52,055 10,000 14.700 1985 80,000 44,415 15,000_ 13,950 1986 85,000 40,450 15,000_ 12.787.50 1987 65,000 36,225 15,000 11.625 1988 65,000 33,050 15,000 10,425 1989 70,000 29,870 15,000 9,225 1990 `70,000 26,440 15_______.2000 7,987.50 LC OTHER LIABILITIES* - Close of last two completed fiscal years. Fiscal Year Ended l 3} 81 12 / 31/ 80 Fiscal Year Ended 12/31/81 12 /31 /130 Tax Anticipation Notes Contracts&Judgments -------- Delinquent Tax Notes Installment Contracts ----- Revenue Anticipation Notes Bills&Accts. Payable -- Other Temporary Reserve for Encumbrances - -- Operating Loans Other(describe in margin) Bond Anticipation Notes Total Unfunded Debt None None . Warrants Notes/Unfunded Debt Authorized But Unissued(Describe): *Contracts,Notes,etc. ■ C7 PENSION SYSTEM Number of full-time employees __8__._____. Number covered by this unit as employer under contributary system _.___.9 _ . Date of last completed actuarial study None./ti*.____./_ . " * 1 Part-Time Employee ** Public Employees Retirement Association Status of Pension Liabilities: Fully Funded 0 Yes ❑ No If"No," Amount of Unfunded Liability: $ Not Determinable 13 TAX COLLECTION DATA 12/31/81 12/31/80 Last two tax years - Current amount collected 460,027 374,902 13,078 Current amount uncollected _ - ---- Total current levy 473,105 384,800 Total cummulated amount: collected 460,027 385,153 11,836 5,679 uncollected - - Are tax titles or tax title liens included in uncollected balances above? 0 Yes 0 No If"No"state total amount tax titles outstanding at close last tax year: ' Date Amount - 2 _ - • W ASSESSED VALUATION AND TAX RATES — Close of last three completed years. Levy Year–Collection Year 12 /31 /_79 12 / 31 /80 Assessed Valuation Land _ Improvements Total Realty 33,699,022 42,657,078 45.309,275 Personal Property 663,756 686.216 Public Utilities Other 127,388 297,109 Total Assessed Value 34,490,166 43,640,403 45.705,539 Est.Ratio Assessed to Market Value 9 8.6 % 9 8.6 % 9 8.6 % Tax Rates Per$1,000 Assessed Valuation This unit for debt service 8.977 10.840 11.938 This unit total rate 8.977 10.840 11.938 School Districts(if any) #834 54.239 42.226 49.839 County 25.32 26.330 24.293 Largest Municipality Metro Council 2.952 4.007 3.984 Other(describe) School Dist. 916 2.137 1.062 1.211 Tax Rate Limitations For Operating Purposes (End of latest tax year: No Limit ): Unit's Operating tax rate per$ assessed valuation. Maximum rate allowable N SCHOOL DATA (If Applicable) Circle grades provided by this District: K 1 2 3 4 5 6 7 8 9 10 11 12 13 14 (Est.) 1980-81 1979-80 1978-79 1977-78 Avg.Enrollment or ADA N/A Number of Classroom Teachers School Plants School Capacity E REPRESENTATION OF FINANCE OFFICER Subject to the following exceptions, all maturing bonds, coupons and notes of this unit maturing after January 1, 1981 to this date and presented for payment have been punctually paid. Exceptions: (if none,please write"No Exceptions") No Except ions – 3 – 4111 • PLEASE PRINT OR TYPE If unit's CPA or Registered Muncipal Accountant assisted in the preparation of All data herein was taken from the official records of this unit and are correct to this information and Moody's is authorised to contact him for any clarification. the best of my knowledge and belief. Please complete the following: Delahunt Voto & Co. , Ltd. _ Judy Stiles, Deputy Clerk ACCOUNTANT NAME&TITLE OF OFFICIAL PREPARING THIS INFORMATION 1310 E. Highway 96 14168 57th St. N. STREET ADDRESS STREET ADDRESS White Bear Lake, MN 55110 Stillwater, MN 55082 CITY STATE ZIP CODE CITY STATE ZIP CODE 612-426-3263 612-439-4439 TELEPHONE NO. (INCLUDING AREA CODE) TELEPHONE NO. (INCLUDING ARE)CODE) J � y 3/9/82 . , �.r ���Z-�C.. Fr s DATE ff SIGNATU IF PREPARER • - 4 - Otsmry.mun 111, Moody$ Investors Service 99 Church Street, New York, N Y 10007 Telephone: (212) 553-0300 MUNICIPAL BOND RESEARCH DEPARTMENT 1981 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR 1982 MOODY'S MUNICIPAL &GOVERNMENT MANUAL INSTRUCTIONS: Please complete this questionnaire and return it promptly to Moody's together with any attachments.If you have any questions write or call Moody's Municipal Bond Research Department at the address or telephone given above. W UNIT DESCRIPTION / OAK PARK HEIGHTS M/1/ ( g,�/`o7 MN Name of Governmental Unit State of Located in County of a County Seat Population(1980 U.S.Census) Population(1981 Eat.) Land Area Sq.Mi.(1980) Land Area Sq.Mi.(as of) El ANNUAL REPORT Enclose a copy of your Annual Report for last completed fiscal year. Report will be returned if you so indicate on its front cover. © OVERLAPPING UNITS — List the names of all overlapping units, i. e., county, school districts, flood control districts, etc. (attach separate sheet if necessary). leazAM o,7 ( up 40/0d-/,'/cr s A k.3I e);7-2 Si l " r,°() 9a0 0 BONDED DEBT AS OF_ /a / 3/ / /— Is the issuance of any short or long-term debt anticipated over the next year? If so,please specify the type,approximate amount and expected time of issuance. Unlimited Limited Other Tax Tax* Describe (i.e.,Spec.Assess., General General MVHF,Sales Tax,etc.) Obligations Obligations Revenue Amount Description General Improvements OK Oda -- Schools Roads and Bridges Sanitary Sewerage Water p?,0 D gtd Electric Gas Transportation Lease-Rental State Loans Repayable - - TOTAL / SS-5,0 D v Bonds Authorized by Unissued: (142 4 *Limited to: Mills Per$1,000 Assessed Valuation. If any of the above is supported by law or contract from revenues supplied by another governmental unit,attach a statement giving all relevant details. p„. al ACTUAL AND SCHEDULED OD RETIREMENT • ;; ' Fiscal Year —General Obligations Revenue Other Principal Interest Principal Interest Principal Interest Actual 1979 /.,25 GOO 8`-/S` S 1980 /7S DDV 8 3/.S' -Due in 1981 125 DOD 7 to fo fe 5"� 14, O 0 ---- ✓ 1982 Z.2_57 O v 0 b 7 935-- /D 0 66 /6 00 --- -- 1983 ji_ aoo 3-1 OE'S 1O vD 0 /5 '`/.-v y ✓ 1984 /60 Oeo S a 05.5- /2 0 6.9D // 70 0 - y 1985 060 '5 4-//.,S-- /50D0 l3 D1 6-0 --_._._— 1986 a 000 Y' Y5O /S D D c _ /,72(7.ICS 1987 (off O D O 3 , ��S' i� ©7?U __ -- --- 1988 /9S 000 0 SO i5-dO C /D 1/47 1989 '/�000 Z , 870 /c✓ OD7� 9✓ao�S _ - — 1990 70 000 a4.0. yyO /5;060 7 *1l? SD --- L7 OTHER LIABILITIES* — Close of last two completed fiscal years. Fiscal Year Ended / -/.P/ .7 l2/3J/8D Fiscal Year Ended /-/3// / /...7/,..3//ea Tax Anticipation Notes Contracts&Judgments ---- Delinquent Tax Notes Installment Contracts Revenue Anticipation Notes Bills&Accts.Payable Other Temporary Reserve for Encumbrances - Operating Loans Other(describe in margin) ,/ ,�/ Bond Anticipation Notes Total Unfunded Debt / D' /`� �� Warrants .._,_. Notes/Unfunded Debt Authorized But Unissued(Describe): _ - -- — *Contracts,Notes,etc. D PENSION SYSTEM 9 -i Number of full-time employees _.___S`__-_._. Number covered by this unit as employer under contributary system Date of last completed actuarial study .6/")e.-.--/ /_____.._. /- PaA,i•Z`'"'-""`- 0"r'' ,KX .e..u,,/-t -•- -' - pe,7` 0,0_4 i✓ Status of Pension Liabilities: ^^ /l }; Fully Funded 0 Yes ❑ No If"No," Amount of Unfunded Liability: $ A9-1- : may'-�' l TAX COLLECTION DATA Last two tax years /g/3//8/ /J311FrO y Current amount collected � inn - �7 9e.7--✓ - Current amount uncollected i.367ff -- Total current levy "7/73 /D 3 8"y F"o Total cummulated amount: collected .y4,6 7-7 - 38. �`�3 uncollected // 8.3 -- --- ✓u� /o -7 g Are tax titles or tax title liens included in uncollected balances above? El Yes 0 No If"No"state total amount tax titles outstanding at close last tax year: Date Amount - 2 • . 7 .i, • ' _ + � JJ t9- � �>� , gam T — Close of last three completed years.AND AX RATES Y ® ASSESSED VALUATION P Levy Year—Collection Year / / z// 79 A:213 /,?d /,2, ,...7/, R"/ Assessed Valuation Land Improvements Total Realty 5 3 2 9 O2 / 4,5-7 O 7? '/S 30/ 225- Personal Property '6' 7,3° 1,g& ?/'o Public Utilities Other /,,27 -3 ii'S' ( 2-716).5 ,3y y to 1 eo c, 4 yC),icz3 ti 7 Total Assessed Value i Est.Ratio Assessed to Market Value 9 F'Ce' % 9F, '� % q67'Co % Tax Rates Per$1,000 Assessed Valuation /0 , S 'lc) This unit for debt service _ FS,.9 77 i ' la,--'>1.-97, /6 9.3e- This unit total rate 8:977 1-/1--7 /G '49`9 //.93ff School Districts(if any) 8311 ,‘Y. Z3 1 .%,7 °2a r .1//', 8'._3 ' County ...9_5—, -.13 ,,2/o .32o ,_,2-./,,7q,3 Largest Municipality/7/-pia &arc/Y #, '3'_S- 7 .00-7 3 %8-1' Other(describe) Soon 99i q/40 .7. J,37 /. a(o /, / / Tax Rate Limitations For Operating Purposes (End of latest tax year: //6? 4//7/, ): Unit's Operating tax rate per$ _ assessed valuation. Maximum rate allowable _. Es7 SCHOOL DATA (If Applicable) Circle grades provided by this District: K 1 2 3 4 5 6 7 8 9 10 11 12 13 14 (Est.) 1980-81 1979-80 1978-79 1977-78. Avg.Enrollment or ADA 41,4 Number of Classroom Teachers School Plants School Capacity » REPRESENTATION OF FINANCE OFFICER Subject to the following exceptions, all maturing bonds, coupons and notes of this unit maturing after January 1, 1981 to this date and presented for payment have been punctually paid. �/ Exceptions: (if none,please write"No Exceptions") / " 4 xC P f1-Ti D/\3 - 3 — Moody Investors service 99 Church Street, New York,N Y 10007 Telephone: (212) 553-0300 • MUNICIPAL BOND RESEARCH DEPARTMENT 1981 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR 1982 MOODY'S MUNICIPAL& GOVERNMENT MANUAL INSTRUCTIONS: Please complete this questionnaire and return it promptly to Moody's together with any attachments.If you have any questions write or call Moody's Municipal Bond Research Department at the address or telephone given above. U UNIT DESCRIPTION OAK PARK HEIGHTS /Y)/1/ �/`/ ;d,i/'/r�i7 iI MN Manse of Governmental Unit State of Located in County of< County Seat cq� /. population 8 lion(10 U.S.Census) Population(1981 Est.) Land Area Sq.Mi.(1980) Land Area Sq.Mi.(as of) f A © ANNUAL REPORT Enclose a copy of your Annual Report for last completed fiscal year. Report will be returned if you so indicate on its front cover (13 OVERLAPPING UNITS — List the names of all overlapping units, i. e., county, school districts, flood control districts, etc. (attach separate sheet if necessary). / /7 id�~t ,, �/ '' 1.11::10= t. j).?" © BONDED DEBT AS OF_ i a /_ 3 / !___ is the issuance of any short or long-term debt anticipated over the next year? If so,please specify the type,approximate amount and expected time of issuance. Unlimited Limited Other Tax Tax* Describe (i.e.,Spec.Assess., General General MVNF,Sales Tax,etc.) Obligations Obligations Revenue Amount Description General Improvements Schools Roads and Bridges Sanitary Sewerage Water O`f9 d ''rZ) Electric Gas Transportation Lease-Rental State Loans Repayable - TOTAL i S :' v_ 0 -- Bonds Authorized by Unissued: /1/1., *Limited to: Mills Per$1,000 Assessed Valuation. If any of the above is supported by law or contract from revenues supplied by another governmental unit,attach a statement giving all relevant details. - 1 - . . • r.,, 'It • ...., . — .. .. .......iutri.e.ii BOND RETIREMENT . . Fiscal Year —General Obligations--- Revenue Other-- Principal Interest Principal Interest Principal interest . Actual 1979 /D.,,c DO° 8-.- 3-9_,--. , 1980 /7:57 42:9;-) S g; ---,-(s-- _____.........__ Due in 1981 /25.- 0 00 -1(-, C.pro-'2"-' ././.:, 1982 Z,2_57 04)0 ,,,:" ? 22,.....,--- 7) )..) ...) 1983 th--5.- 6 00 c/-) o ' 1984 /60 Oc_.),. 5 0-5 S-- 7> ,) ./-i''' 7,!' '-' . 1985 .e.....2 .;,,. 7 //-V 41',-..---; .1.4,-.4--- I 3 ',‘i-0 1986 FL" 'Jo° / ) o..-_, z_sy_ ?i'7, '-:',-) --- 1987 4,5 0e,O ,_ ..7, ,'", c..7-"' P.,— 0 ' o /r ..,;-:'' .._--- — , [ ' 1988 &"-_ 00:) a:: /g ./ ' - -- / 1989 70 0 0.:;., ,; c! ?70 /c ,):.).....) 70 ),:-),.) ;.---..:;:, --/-/0 7r,-- 1 7 6:177 -:„.) 1990 __ .. CC OTHER LIABILITIES* — Close of last two completed fiscal years. Fiscal Year Ended /--7::=1//?..1 /1. / 1,, -) Fiscal Year Ended /2/-:.''/ ?/ /-:.?/--;../ "-‘-'2 Tax Anticipation Notes Contracts&Judgments Delinquent Tax Notes Installment Contracts . Revenue Anticipation Notes Bills&Accts.Payable -- Other Temporary Reserve for Encumbrances Operating Loans Other(describe in margin) . Bond Anticipation Notes Total Unfunded Debt //)'1-e- /,./c)el-:e....---- • Warrants Notes/Unfunded Debt Authorized But Unissued(Describe): ______ . —__....._ *Contracts, Notes,etc. CD PENSION SYSTEM Number of full-time employees Z3 Number covered by this unit as employer under contributary systein . Date of last completed actuarial study .6 "/4'1 ? / . --, /- R,-;e 0Y-‘--A- ,.-_-. i ,. / -,.', .- -- ,--, /- f--:•---r -)'..- - Status of Pension Liabilities: . /)--:1 - T' - . -,Le,,c_ Fully Funded 0 Yes 0 No If-No," Amount of Unfunded Liability: $ - ' ' C.8.1 TAX COLLECTION DATA - F , !"/ /A2-; F-J _ Last two tax years ,., ,, . _ 1 / Current amount collected /7 qierclitr LIAO, 6217 -:.: -,>.' ,.•-?.;) ,72,_ Current amount uncollected 4,100 - -.-",-- l'otal current levy e :, Total cummulated amount: collected 4445 0 9 i 21 , 34`'‘.:-. /3. / uncollected // ? F; ,—.., , Are tax titles or tax title liens included in uncollected balances above? U Yes 0 No If"No"state total amount tax titles outstanding at close last tax year: — Date Anlousit . 0 . ,h. • I \"m ASSESSED VALUATION AND TAX RATES -- Close of last three ces,pll t years. °YeI SO Z. L e v y Year-Collection Y e a r / i // 7 9 /a/. .!/ 0 /,,2/=/ ''/ Assessed Valuation Land Improvements ,�4+'� Total Realty a j 3 3 t.99, 0./7___ yl L eS*7 67 309 ; ' ) , Personal Property e` C.4, 3"75 C i Z)C, aG��' V Public Utilities e 7 Other rtsal 0! io- fin'~ '�A e 12.7 C3 qg L11,)a 9 •:4414. 1111 Total Assessed Value VI- `34 /.:L) r " I ?, a4 ` Est.Ratio Assessed to Market Value U?, %n qp., . % 4'9 % Tax Rates Per$1,000 Assessed Valuation This unit for debt service K- O.'9 77 / / / s• < la ss- ',,c) This unit total rate F. ? 7 School Districts(if any)s. `'?:::..`" f'. County Largest Municipality f?-"f13 (Oa/' `� / �� Other(describe) S Ai. D B i .:-.rte"-/L Q/40 . I 3 7 Tax Rate Limitations For Operating Purposes (End of latest tax year: `J :/ 'r H. / l ) Unit's Operating tax rate per S assessed valuation. Maximum rate allowable g SCHOOL DATA (If Applicable) Circle grades provided by this District: K 1 2 3 4 5 6 7 8 9 10 11 12 13 14 (Est.) 1980-81 1979-80 1978-79 1977-78.. i Avg.Enrollment or ADA Ai 7r Number of Classroom Teachers School Plants School Capacity EN REPRESENTATION OF FINANCE OFFICER Subject to the following exceptions, all maturing bonds, coupons and notes of this unit maturing after January 1, 1981 to this date and presented for payment have been punctually paid. Exceptions: (if none,please write"No Exceptions") / -1`" IV - 3 - -r I '-' C‘' '' 'r ". C' .7.' 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N M �Y i.[) (D t� OO 01 O `"'"' .-� -1 - .r .-+ .-� .--+ .-+ .--�j .-�1 N N i N i N N N N N N N M M x • • Moody's Investors Service 99 Church Street,New York,N.Y. 10007 October 1, 1980 212-553-0300 Clerk Treasurer City of Oak Park Heights 6141 Panana Avenue, North Stillwater MN 55082 Dear Sir: We have started to compile Moody's 1981 Municipal & Government Manual and would appreciate your assistance in providing us with information requested on the enclosed form. Should bonds of your community or district now have a current Moody's rating, it is extremely important that we receive the most up-to-date financial and statistical data. Our failure to receive the information necessary to review your rating will result in the withdrawal of the rating by our rating committee. Your cooperation will be greatly appreciated. } Sincerely yours, f Robert P. Hanson Freda Stern Ackerman Asst. Vice-President Senior Vice-President & Editor-in-Chief FSA/cs Enclosure <CO \ 0c' 1 1 2 3 4 • 1 ■ k ' . /./... lEc�azC I ,LfI rsi 112-,2-4-2c".1/' . Ili 1 1 2 'O 0 - c)Jt) ° +�pi� .�__.-� * 4 • o? t• 1� 2 _,‘,5 00--_ 4?-(2 API J F 00 --. I i0 � _J mod 3 01 i 7 3— r_- 1 ?— , 5 L l r/} « •• V > G . 5 • /9. -/r. - /1-1-- — °-�r o, , 3, 1 0— e Q I 1 Q P,'Ole 7 /9_ — — $QQp t0 .** _ ' , 8 0 10 10 12 1 12 - l' 13 13 i - -}--- - - 14 -I- r 14 15 � } — - --- I 15 11 16 1 1-t- 16 � � I 17 a � I I 1 r t -'- 1--- 18 19 ■ 1 19 ■20 1 20 2i r 21 22 1 22 --- --- ----- I- 23 _— I- 23 rh { 24 1 24 25 i '� � 1 t ' 4 � I j 25 -- 27 i I I 27 29 { —. j 29 30 --— 1 -1 -1 1 ` 30 31 , 1 31 •2 32 1 --- -t- + 4 4 1 1 - 3 34 1 34 i � r 35 35 1 �7 f I- 31 38 3E 1i I � � I � 9 40 40 ©WILSON JONES COMPANY G7204 GREEN 7204 BUFF MADE IN U.S.A. J _ Mo . ors Service 99 Church et, pit... . v07 Telephone: 2) 553..0300 • MUNICIPAL BOND RESEARCH DEPARTMENT 1980 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR 1981 MOODY'S MUNICIPAL & GOVERNMENT MANUAL INSTRUCTIONS:Please complete this questionnaire and return It promptly to Moody's together with any attachments.If you have any questions write or call Moody's Municipal Bond Research Department at the address or telephone given above. ,ry { [1] UNIT DESCRIPTION • Oak Park Heights Mlv Washington Stillwater, MN Name of Governmental Unit State of Located in County of County Seat 2,591 2,508 1.5 Population (1980 U.S. Census) Population (1980 Eat.) Land Area Sq.Mi. (1980) Land Area Sq.Mi(as of) [2] OVERLAPPING UNITS - List the names of all overlapping taxing units, i.e. , county, school districts, flood control districts. etc. (attach separate sheet if necessary). Washington County Metropolitan Council ISD #834 State of Minnesota School District 916 A' [3] BONDED DEBT AS OF 12/ 31/80 (including any issues sold sine date of state) UNLIMITED LIMITED OTHER- describe (i.e. , TAX TAX" Spec. Assess.. MVHF, General General Sales Tax. etc.) Obligations Obligations REVENUE Amount Description General improvements 1,560,000 Schools Roads and Bridges Sanitary Sewerage water 200,000 Electric • Gas .�,-...,.._ Transportation Lease - Rental State Loans Repayable TOTAL 1,760;000 . bonds Authorized-but Unissued: None- ^. *Limited to: Mills Per $1,000 Assessed Valuation. ; If any of the above is supported by law or contract from revenues supplied by another governmental unit, attach a statement giving all relevant details. [4] ACTUAL AND SCHEDULED BOND RETIREMENT FISCAL YEAR General Obligations Revenue Other Principal Interest Priinctpal Interest Principal Interest Actual 1978 84,000 77,245, 1979 105,000 84,595 Due in 1980" 175,000 88,315 1981 175,000 76,665 16,200 1982 175,000 67,935 10,000 16,200 1983 155,000 59,085 10,000 15,450 - [5] OTHER LIABILITIES* =- Close, of last two completed fiscal years. Fiscal Year Ended 12/ 3]/ 80 " 12/ 3]/ 79 Fiscal Year Ended 12 /31/80 12/31/ 79 Tax Anticipation Notes Contracts & Judgments Delinquent Tax Notes • Installment Contracts Pevenue Anticipation Notes - r1343,1,"-# Accts. Payable "' Other Temporary 4. Reserve,for E,ncumbrances Operating Loans , ,4:,# , ,0(1 m Other (describe in margin) Bond Anticipation Notes ` ,?,°' ] �° A `` TOTAL UNFUNDED DEST None None Warrants 4 7 r ' . . • I , , . ,r Notes/Unfunded Debt Aatboriw+oEl'1 utt" I*t.sued (Ds►Cribe): 'Contracts, tee d [6] FINANCIAL ^DATA ,m".C1oae of.-zest.t4!**40,141p401.3fitAuwal,,year's If basis of "a0o0un-t3,ng precludes documentation of dam pert of this section. please state. Fiscal Year.Eadeng' I Sa . ', 7'1* . ,Tiac Year`. nded 12,31/80 12/31, 79 General Operating �» «" t i mad.."Interest Cash , . 54,213 8 t>aa1r,%Fund'p Investments 1 2;e` 76 3. �"2 ,:„ ;Gydh 153,601 71,077 Unappropriated Fund ;Investments 1,126,Q96 899.954 Balance 127,647 •164,240 unappropriated Fund al 0 - - - 0 - >It aaece ."y A Z� 0. .hai •M$ y. i [7] ANNUAL REPORT . 410 ID , . Enclose a copy of your Annual Report for last completed fiscal year. Report will be returned if you so indicate on its front cover. ■ [8] PENSION SYSTEM • Number Covered by Date of last Number of This Unit as Employer Completed Full-Time Employees 8 under Conbutary ** Status of Pension Liabilities: System Actuarial Study None Fully Funded Yea No If "No" Amount of Unfunded Liability: •Not Determinable * 1 Part-time Employee ** Public Emp Ret Ass'n [9] TAX COLLECTION DATA • Close of Last Two Close of. Last Two Completed Tax Years 12 /31, 80 12/31, 70 Completed Tax Years 12 /31/ 80 12,11_79 Tax Levy Due in Year 384800 5.68,26 Total Cash Collections in year Current Collection on current' and,all prior End of Year 374 965 385,153 309,088 ,902 305, years' levies Total Uncollected on all Levies 5,679 6,032 •Are tax titles or tax title liens included in uncollected balances above? (] Yes l] No If "No". state total amount tax titles Outstanding at close last tax year / / [10] • ASSESSED VALUATION AND TAX RATES - Close of last three completed years. Levy Year - Collection Year 1977 to 19 78 19 78to 1979 1979 to 1980 Assessed valuation Land Improvements Total Realty Personal Property Public Utilities Total Assessed Value 323968,402 34,460,166 34,440,062 Est. Ratio Assessed to Market Value 98.6 s 98.6 % * Tax Rates Per $1,000 Assessed Valuation This unit for debt service 9.20 8.977 11.186 This unit total rate 9120 8.911 11.1$6 School Districts (if any) #834 58.09 54.239 County 24.50 25.32 Largest Municipality Metro Council 3.05 ' 2.952 other (describe) School Dist. 916 2•.l'7 ' 2.131 • ,. .....,., , s Tax Rate Limitations for Operating Purposes , No Limit Close of Latest Tax Year 12 /31 / 79 Mills Allowable - Mills Being Levied_ (if any rates are levied on assessed value other than that shown above, identify on separate attachment and give ratio of assessed to market value for each.) [11] SCHOOL DATA (If applicable) Circle grades provided by this District; 8 1„2,,,B. 4 5 8 7 8 9 10 11 12 18 14 (Fat.)1979' ' 3970,19::, 1977-78 1978-77 Avg. Enrollment or ADA N/A Number of Classroom Teachers fis School Plants School Capacity [12] REPRESENTATION OF FINANCE OFFICER' , Subject to the following exceptions, all maturing bonds, coupons and notes of this unit maturing after January 1, 1979 to this date and presented for payment have been punctually paid. Exceptions: (if none, please write No Exceptions'), .` No „Exceptions x: 4. :*.fi Yt:;^e B r t If Unit's CPA or Registered Municipal' ACS .-` *' x4Af dl g errrih `was taken from the ofticia records assested in the preparation of this informs , , it snd, are correct to the best of my and Moody•s is authorized to contaa4' m for e4 belief. clarification, please complete the Q1 n4f u,h3ii p„_,•,.„: .: ;, ,, t i eputy 'C2erk Delahunt Voto & CO. , Ltd. � Al, "C�A"TLake Professional �lc�g. ,°'” ,.,,•":4,,,-:-. ,,,:- '�1t . )(cz rie+ ll� xNrlaa 1310 E. Hwy. 96 <, H „- 14468 SAi t,,St, 410„,,i ,, White Bear Lake,_1 +A:` 0 S "1>�iater MN 55082 tt Y+f . n * 0'� � ,. 6th * At 9,41,'",' v (612 ' 426= 2 :-��' i i',. "ti / _ TELEPHONE NO. It' ap a .rr f ''i y IY w � ,}lkf t, , ''ik, 5t '4. ,"u 'ka kis.;-,, w III „ ' Moe. stors Service 99 Chur treet, hip,. . . 10007 Telephol 212) 553-0300 MUNICIPAL BOND RESEARCH DEPARTMENT • ' 1980 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR 1981 MOODY'S MUNICIPAL & - 1.,„,„ GOVERNMENT MANUAL INSTRUCTIONS:Please complete this questionnaire and return it promptly to Moody's together with any attachments.II you have any questions , write or call Moody's Municipal Bond Research Department at the address or telephone given above. fir: [1] UNIT DESCRIPTION .� O a k Park H e i g h t s M N (,%=L�41 j,/) 1 Oil j}t/Aw0i-e/" i ih1/4/ Name of Governmental Unit State of Located in County of County Seat t°5�� 2 / Population (1980 U.S. Census) Population (1980 Est. ) Land Area Sq.Mi. (1980) Land Area Sq.Mi(as of) [2] OVERLAPPING UNITS - List the names of all overlapping taxing units, i.e. . county. school • districts, flood control districts, etc. (attach separate sheet if necessary). /, l 1/jA-_Il ;il'; iL/4 .-4,;(-A.e( ` /2'1-e---Y,V../K,.9// '-=t ti :%�f/14/ 7 r Y vet t ,' �/.�.-(r�c..* 9;, 9c [3] BONDED DEBT AS OF /e^/,„. , j(including (Any issues sold since date of state) UNLIMITED LIMITED OTHER- describe (i.e. , TAX TAX* Spec. Assess. . MVHF, General General Sales Tax. etc. ) Obligations Obligations REVENUE Amount Description General improvements 1 S o _ - • Schools Roads and Bridges _' . • Sanitary Sewerage • Water 200 ;ND b _ _ i.- Electric Gas Transportation Lease - Rental State Loans Repayable • TOTAL • `o'a bonds Authorized but Unissued: N 6rJ-Fi 'Limited to Mills Per $1,000 Assessed Valuation. If any of the above is supported by law or contract from revenues supplied by another governmental unit, attach a statement giving all relevant details. [4] ACTUAL AND SCHEDULED BOND RETIREMENT FISCAL YEAR General Obligations Revenue Other Principal Interest Principal Interest Principal Interest Actual 1978 .3,?'/2/..-..l) 7✓ / 1979 /0:. , 2...., `[ , -"' . —— — — . Due in 1980` )7 1 ..2 r' 1 (�. --1981 /7'-i 3.' .24' fie- 4,2-e.V - -- 1982 /� �:),.7)O C.7,y3 /o�act o /(. zo o • 1983 25-4:413,,..:_:..1 `-,-q :.:5:`.! 10,Da 0 _4sri [5] OTHER LIABILITIES* - Close of last two completed fiscal years. Fiscal Year Ended / /3/:'i ) IL/j/' Fiscal Year Ended IL,-/3.L/8U 11'1''2 ? Tax Anticipation Notes —___ Contracts & Judgments Delinquent Tax Notes Installment Contracts ____________ Revenue Anticipation Notes Bi "s & Ac~ts Payable _ ___ Other Temporary Reserve fOr Encumbrances _,_. Operating Loans Other (describe in margin) ___T_ Be;d' Ant i c i pa t f or N o t e s ___ _____ TOTAL UNFUNDED DEBT /:'!), <• .1 `• warrants h+ Notes/Unfunded Debt Authorized But Unissued (Describe) _ r —— 'Contracts. Notes. etc. [6] FINANCIAL DATA Close of ast two competed fiscal years If oasis of accounting precludes documentation of any par. of this section, please state Fiscal Year Ended 47/11490 %.2._,Q, 75' Fiscal Year Ended /07/S//8211 /2/.://1' General Operating Fund Bond Interest & Cash I seS ?L*"' 5 , !/, /;: Redemption Fund IS. O i investments /42574 .°l v 4 S ? / U �? a 2. ...as 4 1 1 7 ` ). 7 1 ?1 Unappropriated Fund Investments 1117-4101(.1777-17r x9 `%''-` T` Balance 1O G 41 )c17,..1.0 Unappropriated Fund Balance `' • ['7] ANNUAL REPOa.. 4111 4111 Enclose a copy of your Annual Report for last completed fiscal year. Report will be returned if you so indicate on its front cover. [8] PENSION SYSTEM • Number Covered by Date of Last Number pf This Unit as Employer Completed Full-Time Employees O Under Contlibut ry / Status of Pension Liabilities: System j Actuarial Study J (' — 7, • 'Lt..-- Fully Funded Yes No If "No" Amount of Unfunded Liability: $ NO� C �Wt)N y '`� 9] TAX COLLECTION DATA Close of Last Two Close of Last Two Completed Tax Years ) /31/ DL/k/254 Completed Tax Years 1k41 /�G //L/2 Tax Levy Due in Year ,1f 44tDa Total Cash Collections in year Current Collection --ff tJ ' c on current and all prior �/ End of Year '3/14-+Oz_ qW years' levies .3t5/S.3 3OgeS Total Uncollected on 1i ?. all Levies C G7 q (p0S Z %. Are tax t i t l e s or tax t i t l e liens included in uncollected balances above? : ( J Yes O No If "No", state total amount tax titles outstanding at close last tax year: ' Y: :S ' [ 10] AS ESSED VALUATION AND TAX RATES - Close of last three completed years. 1 _ et, Le Year Collection Year t9__:.To 19,, 19/ to 19__: 19�'� to 19__a Assessed Valuation Land improvements P Total Realty ,,:. Personal Property Public Utilities Total Assessed Value 3; go.- « --w 1,+,a 7+I11go' 4, a 1 ;, Fist . Ratio Assessed to Market Value Tax Rates Per $1,000 Assessed Valuation ;✓ (4t This unit for debt service /, .20 r',7 17 1 i.1?(e This unit total rate ;1 C' 7 7 I 1 t? School Districts (if any).# '.j^r J e.,(Y'j 54/. r{3-j County t;.2 Li.� �^'+J :� i Largest Municipality it tt`n .- InC,'/, J. Other (describe) ,.5<r .iii 1✓11;,; .1:'p , / ,/ ..' ,'' Tf • Tax Rate Limitations for Operating Purposes .a ('lose of Latest Tax Year 1,2 /,.:7/1 7 Mills Allowable f(� ' Mills Being Levied * ( it any rates are levied on assessed value other than that shown above, identify on separate • attachment and give ratio of assessed to market value for each. ) g [11] SCHOOL DATA (If applicable) Circle grades s g provided by this District: K 1 2 3 4 5 6 7 8 9 10 11 12 13 14 (Est. )1979-80 1978-79 1977-78 1976-77 it Avg. Enrollment or ADA w qK Number of Classroom Teachers y' o School Plants School Capacity [12] REPRESENTATION OF FINANCE OFFICER Subject to the following exceptions, all maturing bonds, coupons and notes of this unit maturing g: after January 1, 1979 to this date and presented for payment have been p Y punctually paid. c. Exceptions: (if none. please write "No Exceptions") JLIA (-- XCY,/,'` .2 ;`/, /1, °. K.. PLEASE PRINT OR TYPE if Unit's CPA or Registered Municipal. "^caur.t::nt All data herein was taken from the oiticial records assessed in the preparation of this information of this unit and are correct to the best of my and Moody s is authorized to contact him for any knowledge and belief. clarification, please complete the following: li ACCOUNTANT - NAME & TITLE OF OFFICIAL PREPARING THIS INFORMATION . T EET ADDRESS - - STREET ADDRETS CITY. STATE & ZIP CITY. STATE & ZIP TELEPHONE NO. __ ____ TELEPHONE N7--- DATE / SIGNATURE OP PREPARER J N• 411 MOODY'S INVESTORS SERVICE , INC. ®® 99 CHURCH STREET, NEW YORK, N. Y. 10007 (212) 553-0300 We wish to thank you for the information recently supplied for inclusion in our Municipal & Government P Manual. We are enclosing our Credit Report Review on your municipality. Should you have any questions, please do not hesitate to contact our Municipal Bond Research Division, (212) 553-0300 extension 317. o MOODY'S INVESTORS SERVICE/SPECIAORT } Municipal Credit Report OAK PARK HEIGHTS (WASHINGTON COUNTY) , MINNESOTA August 27, 1980 CT Rating: A Population Property Valuation & Tax Data Year Number Tax rate 1970 1 ,238 Assessed % per $1000 1977 est. * 1,646 Year Valuation* Change A.V. Levy Delinquent *Source: U.S. Census Bureau. 1977-78 $32,968,402 3.9 $9.20 $303,255 1 .3 1978-79 34,460, 166 4.5 8.977 306,019 1 . 1 Area, sq. mi. : 1 .5 1979-80 34,440,062 -0. 1 11 .86 384,800 In process Pop. Density: 1 ,097/sq. mi . SMSA: Minneapolis-St.Paul 1979-80 Full valuation: $102,893,899 Equalization rate: 33.47% F.V. per cap. : $62,511 * After fiscal disparity distribution. DEBT Debt Statement at 12/31/79 Debt Ratios Gross bonded debt $1 ,735,000 Net debt Per Capita Median* % F.V. Median* Unfunded debt: -- Direct $1 ,054.07 $533.66 1.7 3.7% Gross and net direct debt $1,735,000 Overall 2,459.49 717.00 3.9 5. 1 Overall net debt $4,048,315 * Cities under 10,000 population. • Bonded Debt Rate of Retirement--- Amount Due in 5 yrs. $ 725,000 46.5 Due in 10 yrs. 1 ,080,000 69.2 GOVERNMENT Form of Government: Mayor and 4 member No. of Employees: 7 Council . Pensions: Employees are covered under P.E.R.A. FINANCES ---Current Operations* Year-end Current Position 1978 1979 % Change Item 12/31/78 12/31/79 Revenues $437,777 $426,807 -2.5 Cash and investments $385,950 $184,495 Expenditures 364,091 432,055 18.7 Current liabilities 181 ,882 88,778 Cash surplus 204,068 95,717 Items as a % of 1979 Revenue Receivables 21,875 82,478 Property taxes 51 .2 Debt service ** Fund balance: Fiscal aid 30.5 Appropriated 59,000 22,596 Unappropriated 166,943 155,599 * General Fund only. ** Debt Service paid from special assessments and property taxes. THIS REPORT MAY NOT BE REPRODUCED IN WHOLE OR IN PART IN ANY FORM OR MANNER WHATEVER. It is furnished by Moody's Investors Service,Inc.at your request under your subscription agreement for your exclusive use.The information herein has been obtained from sources believed to be accurate and reliable,but because of the possibility of human and mechanical error its accuracy or completeness is not • guaranteed. Moody's ratings are opinions,not recommendations to buy or sell,and their accuracy is not guaranteed.A rating should be weighed solely as one factor in an investment decision,and you should make your own study and evaluation of any issuer whose securities or debt obligations you consider buying or selling. Issuers of corporate bonds,municipal bonds and notes,preferred stock and commercial paper which are rated by Moody's Investors Service,Inc.,have,prior to receiving the rating,agreed to pay a fee to Moody's for the appraisal and rating services.The fee ranges from$100 to$67,500. Moody's Investors Service/99 Church Street,New York,N.Y.10007/Tel.:(212)553-0300 2 411 S Oak Park Heights (Washington County) , Minnesota ECONOMY 1970 Census of Housing Oak Park State Item Heights Urban % owner occupied 73.2 66.3 % 1-unit structures 77.7 64.8 % Negro hd.hsehld. -- 1 .3 % blt. before 1939 N.A. 44.8 % blt. since 1959 N.A. 25.0 Owner occ. med. val . $16,600 $19,500 Median contract rent $131 $108 Unemployment rate Per capita income 5/80 Minneapolis-St. Paul SMSA: 4.4%; 1978 Washington Co. : $7,444; State: $7,904; State: 5.4% U.S. : $7,840. COMMENT: Oak Park Heights is located on the St. Croix River in central Washington County approximately 14 miles east of St. Paul , Minnesota. The City's proximity to Minneapolis-St. Paul resulted in rapid population growth in the 1960's and 1970's. Although the City is mainly residential, Northern States Power Company maintains a large power plant here and is its largest taxpayer. Officials indicate that the recent drought in the midwest will not materially affect the City's economy. Socio-economic indices for 1970 for the County and housing statistics for the City were comparable to St. Urban averages. The Legislature in 1971 enacted the Fiscal Disparities Act which allows communities within the Minneapolis-St. Paul SMSA to share in the growth in the commercial and industrial base, regardless of where, within the area, the growth occurred. Forth percent of the growth in commercial/industrial assessed valuation of every municipality is pooled, and then redistributed to all municipalities on the basis of population and per capita valuation. For the last two years the City has not contributed to this pool but has rather been the beneficiary of this redistribution of A.V. growth in other areas within the SMSA. The tax base, which had exhibited marginal increases, declined slightly in 1979-80 as a result of a decline in real estate valuations. Tax collections are very prompt. The debt burden is moderate with all outstanding bond issues secured by either special assessments or a combination of special assessments and general property taxes. Finances have been somewhat uneven in the last two years. Revenues dropped . in 1979 due primarily to a decline in license and permit revenues from $60,921 in 1978 to $33, 189 in 1979. The expenditure rise resulted from increased spending for streets and highways and general government. Officials indicate that there are no additional major street and highway improvement expenditures forthcoming. Officials also note that the disparity in year-end current position in 1978 and 1979 is due to exaggerated cash balances and amounts due to other funds (liabilities) , especially the capital improvement fund, for 1978. In that year the General Fund has accumulated a cash surplus in order to finance certain capital improvements. For additional information, please refer to Moody's 1980 Municipal & Government Manual , page 1977. JI ctoph.mn2 Ail• � MOODY'S INVESTORS SERVICE , INC. ® 99 CHURCH STREET, NEW YORK, N.Y. 10007 (212) 553-0300 April 28, 1980 Clerk-Treasurer City of Oak Park Heights 6141 Panama Avenue, N. Stillwater, MN 55082 Dear Sir: We have previously sent two requests for an up-dating of financial and statistical information for the 1980 Municipal and Government Manual. Our records indicate that we have not received a reply. Within the next 30 days, our Rating Committee will review your bond rating. It will be solely at their discretion to sustain or withdraw that rating. -1Sincerely yours,11444-1444"-- 1-41,64- Cfe-QA'14. '1 Freda Stern Ackerman Senior Vice President FSA/br MOODY'S INVESTORS SERVICE , INC. ® 99 CHURCH STREET, NEW YORK, N. Y. 10007 (212) 267-8800 July 5, 1977 City Treasurer City Hall Oak Park Heights Minnesota Dear Sir: We have started to compile Moody' s 1978 Municipal & Government Manual and will appreciate your assistance in providing us with information requested on the accompanying form. If bonds of your community now have a current Moody' s rating, it is necessary that we receive the information in order to review the current financial position. Failure to receive the information will result in withdrawal of the rating on the grounds of inadequate information. If your community is not rated in Moody's, our receipt of the information is nevertheless essential. Without such data on an up-to-date basis, deletion of your description from the Manual will be necessary. The current interest in full disclosure by municipal and other local governments will undoubtedly continue. We believe that all relevant information about local governments, disseminated as widely as possible, best conforms with the spirit of this recent upsurge in interest in local government finances. We appreciate your cooperation. Sincerely yours, R.P. Hanson ackson Phillips Editor-in-Chief Executive Vice President JP/mnf Enclosure • IS MOMS ItIVESTORS SERI, . INC.Ow**M . pi, yak,Nw Yo *Y)7 • al 2)goggdg Ems 23p 11077 STATEMENT Of INFORMATION FOR MAINTENANCE OF SOND RATING AND ENTRY FOR 1071161000Y11 MUOMPAL Si GOVERNMENT MANUAL INISTIRIC010149 Please asnadoe.i tnianoraint end roam promp4 so Moodys tegeher sr"*.upds'n1at env relative**. 0 ass have ony.wintiont.please urree or colt us at dm eh**oda*. tolashinsm nun** /17 LOW DINCISFTIC44 *Iola of imscolost Coo**,Soot *mom of Illomorsoommotof Unit Cow.*1 of -QakEariLlisights = ((. p , posio1•••10111114116 Carkinli Popelollee(tW7filL) Lane Iasi tre deer 19011 Oa (WMILAPPING WOVE — sea sem*of evorapping swung unite.ra,tesesto.eshartdieikets.Seed Wend aetriete. , cis, c, •t• r• • 44/ r•-c 7) (#zi 71().1 M *MOW OMIT AS CO *dodo*ovoy isms add on data at statement)Omni 19191111191119 TAX UNIONOTAII • iallemitt.WIMP. Urn Wat.tit) Owes*Oangesiees ifeiremi960.,,s . 119911704611 arnsoat Oriesteden .),-1 • Oismeroi improviistonts Scheel. ......■••••■••■••■••••11,*If* ••••■1.....**01.1.^......, leads and*WON • • Sand ery Seworage Wow .1.0001■00.610....0.• 11••■■•■•••••••••••••11..01. Beard _ __ ___ Trosepanotion Lea*—fleet* ./....•■■••••••■••■■■■ Nees Woos fiessoyeale 101A1, / ' *aids Aalharhad Oat thdeasstik .-- Ptirelted to:.....00,.......004011*Per el 900 Aesseseed Vaunters Sony of the obese K supperlad by Jew•r conked tons toisouso stapploodby onellw 00w4w0010001 wit Owe•001100•01 9104111011 rateuese&talk. Pi ACTUAL AND SOGDIAN I010 INITSSAMAIT 1111Chi YIA 1110110011 0,00111 NM 0$ 100$1 IMMINOINK 11011110101 10190111414 Actual 1175 1914 `It-5-0(2',0 C%;:76--"/? Oar a 1977 :-.770y '7/17,;470 it)* '72 -/ isys #.9 4-0 0 I ElUNFUNDED LIAIIRJTMS clam el kw awe eassefeeed hoc*years. Nee*Year lialled ___ _ Pia*Year faded — Tex Anticipation Seas -- Caeca.. hormonal — Delinevern Tar Nola Intarannent centres* Revenue Atestitionears AM.* ease mote nooses Oth.r Temporary Operating Loon. Anon*For EscuationtnaMI Send Anticissotion Mesa (sow uterscra.in enema Warrants TOTAL UNINNO11.IOW /7o _ MatiVarigiOaraiS Plolosithda.ded 000 dadhaideed Out Uniseatett Mew** r FINANCIAL DATA-- cum olio aro atesphesed head years If heat nting Waded*deownoseetian of eny port at asts secoon.*Use alt00. Pistol Yaw laded ? •'60 Plead Year laded 3 / 7se 1?431 c. Seed Interest is Ban**Operating Pond Redemption food - Cain fc.)C) I ) Cash tnreomares ,s2,) ,.co, invoiftems tinsfrilraltralnild Puna Balance , throppeoprfated feed Ileiessee n- - --- M ANNUALRIEVENUE040 EXPENDITIAUS • i ' .....:::octionlpylif your Mayo. 1&nowt for kW completed fiord row containing Statemost of flovoistres cod eillWallkire.and Yaw-end e Shoot for the Proncioof Chastridirte Fund. 113 PENNON SYSTEM Softy Covimid by Oistittill Norrshor of 6- TkitoUndoserA000y* -.-- Coory*Orod F off.TiMe Ernpit41.* - Woke Corerindory woe* - _ Awaserad SU* /,Z'V Lk"' Status of Ammon L.6ibdittoo Fs^Fonded(11■)e' No 0 No Amount of Unfunded irehory 714/L' /5•6./.6. PE 77/2,E A-1P 5'4/7 ggr,rf) 5] TAX COLLECTION DATA Choi oll tool Tote - - , -- - ,, , ..,. atsso fa *Of two Comphokod Us Y•w* _c_../...-.....;,.j....„,..... 447.4...144,........., (40000004 I.t..... Tool threollocired en Too Levy Os*in Year i.51.3-:;,,,,-;;;', /''..; --." ',..) ii.twos --,-.7-. 1,—,-- g 7 2 Q Uncollected on Levy , fool a yoo, – .. Lfss 7,',4-, / - -, /-:.," - u toot Cook Collobeas ist rege 'A, r-,2- , iln gms*and el /.,"-/ c.;1(' /GC1-04 Z(/ prier yaws'*rift '.A.,-.4.--4:-.:.-- ..-- Are hot tidos or test tide floos istdo400 in vocelhotomi bale*..4.00 )1(V" 0 No 0'WO".thete ONO eisionst too 110es orishonding at doso ford ton*sec _i_/— a . VAWATION Me TAX RAM — Coo*of foot throe eosookok00100 OW* Tea Yew&OW 2.2...i_„31.4„25 1.24 314 7 Co fai ...2.7 Asseessid lihifortfloo had , _ - — Insoreaeserinis , UNA flooky ---- —----- Notional Property — Tool Asserroni Ifelsre sT___-zz... _,._._,..14.,-. .1. :: 1 ,, '_a:( Esc lboho Assessed to Afrookos Vehrit . _ ....,. ....,.:.-____IA Tao itotos tior 01.000 Meersori V This uoi. 11 ,.,..._..L......L.-' _...... :f.,,,)_______ _____4/:riss_-... , : . ' I-i --.',''..' :" , School.Districts(if any) "1:,,,,:, 1-' _ _ _ _ _ ------- County _R. , tat "snicipolity A4 T2 • C.)c.)AICIL- _ . q,,... 9_ ,..,,-,.. ...-...,,... -, 1 -: ) • A,3 Too lit.Luostehorto for Opinion,Fourteens Clew of Lowe Tom Year --L----...;;_ /-:...L.../ :,..;_. *its ASsotabto -:.1.4.1. - 'f" - Mitts&ono Looted -i.:...k i (H any votes Of,hoard on*.seated vents other than that shown etterro identify on*ports*onorhasons and'No ratio of*sewed to foods*sodiso for rooth.) SCHOCX DATA Cirdo voodoo woo:OW by OW Duoriet: K I 2 3 4 3 4 7 $ 9 10 11 12 13 14 ( L) 1.741.77 111711• 0 1974-70 11117041 kis. Iforisilesserd or MIA ,A/or '.( Murata*/of Clotonseas foothers _________ til ittilitniNTATION Of ftecksat OPPICER Sob**, to the frodoorine elsooptiore.0*inotsoiss.borsch,coupons and notes of this unit nosturino offer January I,ISM to this dohs and orosoniod for paytnons have been poncho* paid. locoptione: (if 1,10$10. 0/40$11 writ*"so fiecoptions-} /1::', 67X a&la 7 IDA.4r 1441110400 MINT Olt TYPO If valet CPA or 61004100,4 Muctioispoi Menunsont assisted in the AN data hotels woo token from the*NO*met*of that out sod , purpototion of this itiftwatiotisth and frimody's is ravaiWariamitia csastract 000 correct so she loom of my simumsomiyi and Wm& him for any rionficatren, slissese ems:dote Nat foAoirino: NOW A5 TIM Of MIMI 1111101,41110 MS 01110111110101/1 ACCOUNTANT 1 --------------------- Skeet asitirata S.beet Atirifesir _ Cety, Stair", bp Crty. Store, Zrp -- — — — I glithOn.N. '--- ----- roio Ow ti e No I 60. Sionsitore , . l • t . 1ti �Z C-LC Gt ek/ -K'i- t c a- V _ 1 cCI /V . 76` 3 0-0-Cr- ✓ 3 5 6c?s_ , r 7(,,, 3c:) cci o .54Z3- Sr 7(0 /cr-cr-o-t) 3 3 "" ,,, /73 ,44 -7 s o0G /CZ. — 76 o o o 7 - - 4Ic7_/Y1 i„ 7 c - es — ci / 975 � -. c , 3ooc, ..i.5"6iS_ , - ,,oocn x' 335 73 5 o G d F/6,-..,:).,... s J b Q o 7 / s"-J'. 1JS'o t7 J_ CD 7660 1/$70-0 0 6a6-6_ 30 • • I.; W - :qua t, ._1j _Ll C;Lc. La �.. LetC / 9—/ / 7-7 • " Crit..0^Or"Q 711 cf7 c ° k (L .L L , .. _ �- .L. r ` <_ � . 4 .. , / ./3/�7C, -.. _.. t 1 L ,0-,1 P GJ S.A.1.4 _ _ - 664(4-1,1-2-4, /9 7S" 4_S-a o a (0 7 Co lao 41S'acn Co3a /97-7 C`aoa0 " /997, So /9- F(loo0 73 7545, u U0 0 690 9Ste. • r • -7 ? _..... c .2..,5' .�- r p 7. /C, I' l" 4 _ ,` 7 A. 7o `E. 39 (a ,P4. Fico 1 7. 7'/ r 13t1 zl3 ,/7,4 /33 / 79 /0ZS-too , 0 t3o 8'. So /31 toss . 7_ / 375—di , TSB 'iv U•�-c.c�l ¢ (4°l) /9y 9/6, . off C5-0, 11 X 0 6 ocio -7.4? . at (4°z") /c/ /pcz0, zi P5"azi' .2649S7. 9f C / 8 6-S‘ . 3 is-"=-2. 444 !Coto c'Cb • - _ 3eF C a7_/ 3 7 3 , 3? ' 6-0 77903 . 03 s S-07 ev 7• 0 1 ES S. 6—al 6St • a44^41---- • ct ( i G l4 P42.1 9 CYd M 7 C) o C, cr 16 S' 7 . oo s ; ,30 Ss". 1c� u =? 3c0_ /7.3_ rv) . 1"r v ?Co'l.?,Sa -7(31 /o Co 0 ryy /0000 F- - ' `' _ 3S-0 o o / 7 0 I `i7-7 /q7P' /1 9 oe. sw1T 4.41.41 9ov M �000 3 - oos' . GCscv 3/Gas! &000 3oA8s-__ /ooc> , a42eo /coo c 3 3&o loco° a/90.0- -_ [73 rr+ / c and 7(0442. SO /oOoa 7.2a°. - 1000 e 4740. a - d — - 3 S'a a 6"70 rn 74199 7. so eelliet1 7 3 Isis-- 85/y-) 1909 " 1111 MOODY'S INVESTORS SERVICE , INC. - ® 99 CHURCH STREET, NEW YORK: N. Y. 10007 (212) 553-0300 July 9, 1979 Clerk-Treasurer City of Oak Park Heights 6141 Panama Avenue, N. Stillwater MN 55082 Dear Sir: We have started to compile Moody's 1980 Municipal & Government Manual and would appreciate your assistance in providing us with information requested on the enclosed form. Should bonds of your community or district now have a current Moody's rating, it is extremely important that we receive the most up-to-date financial and statistical data. Furthermore, whether or not your municipal sub-division is rated, current financial information is needed in order to avoid the possible deletion of your description from the Manual for lack of complete information. Your cooperation will be greatly appreciated. Sincerely yours, R e I-) r. Robert P. Hanson Freda Stern Ackerman Editor-in-Chief Senior Vice President FSA/sc Enclosure • :„, P M MOODY'S INVESTORS SERVICE INC MUNICIPAL BONO RESEARCH" = ,a a 99 Church Street a New York, New York 10007 a (212) 553-0300 / OEPARTMENia',`+ ;' 1979 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR 1980 MOODY'S MUNICIPAL& GOVERNMENT MANUAL INSTRUCTIONS Please complete this questionnaire and return promptly to Moody's together with the updating of any attachments.If you have any questions, please write or call us at the above address or telephone number. UNIT DESCRIPTION State of Located in County Seat Nam ei Governmental Unit .County of _Oak Park Naight-G mN Washington Stillwater, MN Population (1970 U.B. Census) Population (197$Est.) Land Area eq. Mlles (1970) Land Area Sq. Mlles (1979) 1,238 2,190 1.5 © OVERLAPPING UNITS --- List the names of all overlapping taxing units,i.e.,county,school districts,flood control districts, WashelziF ti$ri aCo tet'ree1 n nec"se ry). Metropolitan Council Independent School District 534 State of Minnesota School District 91b © BONDED DEBT AS OF 12/ 31/ 78 (including any issues sold since date of statement) UNUMITED TAX UM(TED TAX * OTHER- describe 0.e., . Spec. A ., MVHF, German Obligations General Obligations REVENUE Sales Tax. etc.) 2,122,000 Amount Description General Improvements • Schools Roads and Bridges i .. Sanitary Sewerage --^^ Water Electric ..---_-- --- . Gas - - -^--�--.--- _.........—..,Transportation ^ — Lease Rental Sate L,o lr s Repayable r '` • , 'TOTAL 2'h • T ' None Bond. Authorised Out Unissued: 'Limited to:, Mills,. Per$1,000 Assessed Valuation: If any of the above is supported by law or contract from revenues supplied by another governmental unit,attach a statement giving an relevant details. . 0 ACTUAL AND SCHEDULED BOND RETIREMENT FISCAL YEAR GENERAL OBLIGATIONS REVENUE OTHER PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST Actual 1977 5o,000 75103.8 1979 84,000 7S�7,,,245 . Due in 1979 105,000 B2+,595 _ . 1980 175,000 88,315 1981 175,000 _7_6,665 _ .__ • • UNFUNDED LIABILITIES---Close of last two completed fiscal years. Fiscal Year Ended __J__/— _._j----./__ Fiscal Year Ended -_--/—.J--- .—/---J--- Tax Anticipation Notes _ Contracts a Judgments Delinquent Tax Notes Installment Contracts Revenue Anticipation Notes Bills&Accts.Payable Other Temporary Operating Loons Reserve For Encumbrances _ _ . Bond Anticipation Notes Other(describe in margin) None None Warrants ,.....— TOTAL UNFUNDED DEBT Notes/Unfunded Debt Authorized But Unissued (Describe): iti FINANCIAL DATA-- Close of last two completed tisr.al years ' . , „,,,:,,,,,,4,‘,,,- If basis of accounting precludes documentation of any part at this section,please state a .14'' ;`~ pql Ysur Ended -:J ,r1 X /6 Fiscal Yea, Ended .3../3 ,Z / a x Bond Interest Et °” ' + met ro!Oport#f f fottt4. , Redemption Fun./, ,,e 56,Q8 .. ', 1•.t►3,0 coo, 3 267 ? (173. �) l'',,: *' t , 0 01 2 5661651 /23,..91:70.,`, ., R55 1 59 ? w stm e . 3 Unapprolprieted Fund Wahines '- .- ,. Unappropriated Fund Bit i f3-1 (?903) „ r.. , ill .. .. ::: . ,. • , . ii• . • , ;r ANNUAL REVENUES AND EXPENDITURES lniiC±F z{, 1 Attach copy of'cclgif Annual Report fete last i amplet•dafasal year centaininp,Statementof Revenues and +ditures and t4E 1H , t. 8aionetr heel` r'Ifte'Principal Operating Pund.Report wilt be returned if you so Indicate on its front-coyer. i” 'AR'lcar_ti. PENSION SYSTEM Number Covered by Date of Last Number of This Unit Employer � r? mpleted None** Full-Time Employees Under Contributary System , Actuarial Study Status of Pension Liabilities. *2 }?art-time employees Fully Funded Yes No If "No"Amount of Unfunded Liability **Public E inployee5 Retirement Assn TAX COLLECTION DATA Contact Washington County Close of Last Two Close of Last Two • Completed Tax Years ___,_J___/___ _/__._/____ Completed Tax Years .__,l_.._._,/.` —I--./--_- Total Cash Collections in year Tax Levy Due in Year _ on current and all prior years' levies ' Current Collection - End of year —..... Total uncollected on all Levies Are tax titles or tax title liens included in uncollected balances above? 0 Yes D No If "No", state total amount tax titles outstanding at close lost tax year: —/—/__ . MASSESSED VALUATION AND TAX RATES Close of last three completed tax years. Levy Year — Collection Year 197. to 19 77. 1977 to 19 78 197___§to 1979 Assessed Valuation " Pans Improvements Total Realty - Personal Property Pubke Utilities Total Assessed Value 31.719,.432 32,968,402 54t460,166 Est. Ratio Assessed to Market Value 9 8• % 98.6 % 98.6 % i TOO Rates Per$1,000 Assessed Valuation 6.09 9.20 8.977 This unit for debt service -- — 6.09 9.2a 8.977 This unit total rate — School Districts (if any) #834 59.93 58.09 54.239 County 25.15 24.50 25.32 Largest Municipality Metro Council 2.97 3.05 2.9_52 Other(describel'r'Caa7 Dis• 91 ii 2.88 2.17 2.137 Tax Rate Limitations for Opetating Puc ,pses 79 Close of Latest Tax Year . / 1. ./ Mills Allowable No Li,m t Mille Ruing Levied 9 • (If any rates ore levied on assessed valve other than that shown above,identify on separate attachment and give ratio of assessed to market value for each.) None al SCHOOL DATA Circle grades provided by this District: K 1 2 3 4 5 6 7 8 9 10 11 12 13 14 (Eat.) 1978-79 1977-78 1976-77 1975-78 Avg. Enrollment or ADA �� N/A Number of Classroom Teachers , ® REPRESENTATION OF FINANCE OFFICER . , Subject to the following exceptions,all maturing bonds,coupons and notes of this unit maturing after January 1,1978 to this date and presented for payment have been punctually paid. Exceptions: (if none, please write "No Exceptions") No Exceptions PLIA5P PRINT OR TYPE i If unit's CPA or Registered Municipal Accountant assisted in the All date herein were taken from the official records of this unit end ,} preparation of this information and Moody's is authorized to contact ere correct to the peel Of my knowledge attd betel. him for any clarification, please completes the following: NAME AND TITLE OF OIFICIAL PREPARING THIS, fORMATi0N '1 ACCOUNTANT ` • Judy 4tileal deputy Clerk- street Address 5treet,Addiess . ,.. 14168 57th St* N• Coy State, Zip City, State, Zip Stjl.lwator, 4N 550 Telephone No. Telephone No. __ _ 479 X39 ( _ ) - Dote ( Signature , /7 80 . • ' ' '' ' I M MOODY'S INVESTORS SERVICE, INC. MUNICIPAL nrA sOiVD RESEARCH R 99 Church Street • New York, New York 10007 • (212) 553-0300 DEPARTMENT MENi 1 3 1979 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR 1980 MOODY'S MUNICIPAL& GOVERNMENT MANUAL INSTRUCTIONS—Please complete this questionnaire and return promptly to Moody's together with the updating of any attachments.If you have any questions, pleose write or call us at the above address or telephone number. 0 UNIT DESCRIPTION State of Located in County Seat Neme of Gevernmentel Unit County of s Oak park i t s _ _ MN (�s , /wI iV " Population (1970 U.S. Census) Population (1979 Est.) Lend Area Sq. Miles (1970) Land Area S Miles (1979) 1 3 i .) i ( ilia El OVERLAPPING UNITS - List the names of all overlapping taxing units,i.e.,county,school districts,flood control districts, etc. (attecn separate sneet if nec sery). , , _., �.lR'G'L►L• 5 ref A�, "k = /*" . -i 3 1._ - .' _. ° 4 d i"7''s 4,....p 1 g,4. ., °,8 cam...-. St,A.eYf -+�._.4,44 f 14d — —- --__.______I_____________fi -_ ----- ___ __.- © BONDED DEBT AS OF / s1/ 2ir (including any i'soes sold since date of statement) UNUMRED TAX LIMITED TAX * OTHER- describe (i.e., Spec. Assess., MVHF, OenerelObligations General Obligations REVENUE Sales Tax, etc.) ',RP 000 Amount Description General Improvements , T Schools - Roads and Bridges ' Sanitary Sewerage ' Water Electric Gas Transportation Lease — Rental —.---- ..— .-,.., State Loans Repayable , TOTAL ,r 2 ` ---.-- -- Bonds Authorized But Unissued: AlaNE. *Limited to: Mills Per 81,000 Assessed Valuation: If any of the above is supported by law or contract from revenues supplied by another governmental unit,attach a statement giving aD relevant details. 0 ACTUAL AND SCHEDULED BOND RETIREMENT FISCAL YEAR GENERAL OBLIGATIONS REVENUE OTHER PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST Actual 1977 6O.600 I a 1978 $s'bbd 7?r- - • Due in 1979 IDS, 000 ,5_.1�_ 1980 �S ) " 1981 i 7 OG 0 . 71o4 GAS^+. __ -- - a UNFUNDED LIABILITIES--Close of last two completed fiscal years. Fiscal Year Ended _. _-1..--_; _... _...' —_, Fiscal Year Ended ___./__._..a'_. ---/--/-- Tax Anticipation Notes ___ Contracts&Judgments - Delinquent Tax Notes _.___—__— _____________ Installment Contracts — Revenue Anticipation Notes _ Dills&Accts.Payable Other Temporary Operating Loans Reserve For Encumbrances — -- . Bond Anticipation Notes Other(describe in margin) J �_ Warrants TOTAL UNFUNDED DEB N T Aid L 1` O � Notes/Unfunded Debt Authorized But Unissued (Describe): ` ► . FINANCIAL DATA- Close of lest two completed fiscal years. k If baits of accounting precludes documentation of any part at this section,please state. �,,^ ,' �` ( ' ftlss.I eat bd•d .41"7 ..j2"41-444-1 9' Fucpi Y*ar Ended /2,8 X1 i�< t Bond interest Its r '1 R epic,9> atino Fund ,Hedemption,f�und /. � 1 ` '�i �1 ice, :. j � �- .to):T4 s4' 3w �q t�k a�'� A"'T0l'fr �t F ..�t....-.._., ..11���j.�.�� �a}h �h � �.R..nv� i ij +i,; I >. 1 4„.3,A,:-.:,.....,;,:: , ° o4,; � �.•f, �el Investment* �j Y �/SI a 1 ?: .w Unappropriated fund Balance Unappropriated Fund Balance 01 (7903) 4. rim ANNUAL REVENUES AND EXPENDITURES MUNlclpv Attach copy of your Annual Report for last completed fiscal year containing Statement of Revenues and Eapenditure&aud Yeigirs "" 691Atfcp Site FOr tfrlt Pritscfpt l Operating Fund. Report will be returned it you so indicate on its trpnt,paver. ,r:tvo,t, r.., PENSION SYSTEM Number Covered by Date of Last Number of This Unit as Employer 9 Completed t/v�� Full Time Employees Under Contributary System Actuarial Study /'� Status of Pensio 'abilities: Fully Funded fall No If No"Amount of Unfunded Liability C", (1.:44J " CG�rs�t )y ., -C / (144E1... • TAX COLLECTION DATA p� ,� 1 Close of last Two Close of last Two t! Completed Tax Years /�/3//V ./21-3-1-/ 2/ 7 Completed Tax Years ' 3f/77 /?ry_ l/?7 Total Cash Collections in year Tax Levy Due in Year __ on current and all prior years' levies Current Collection End of year ._ Total Uncollected on all Levies Are tax titles or tux title liens included in uncollected balances oboe Yes ❑ No If "No", state total amount tax titles outstanding of dose last tax year. ASSESSED VALUATION AND TAX RATES — Close of last three completed tax years. Levy Year — Collection Year 19 WI to 197 19 27to 19/_. -,Q d 19_Ptd o 19 n Assessed Valuation Land Improvements Total Realty Personal Property — Public Utilities Total Assessed Value J 7/1 q3 P 41,y,4/eig,I/O L Eat. Ratio Assessed to Market Value ______ t�l % -- Cl -% ` 8rj % • Tax Rotes Per S1,000 Assessed Valuation ^ c This unit for debt service 6.09 c r -_ _ �q, !Z.t[__ �4� 7Q?7 This unit total rate s a0_- --py/a7 7 7_, School Districts (if any) ?ma 5-5-.' _ — __ )�._ p kr-/ ► /2 3 4 County ! _J_f a��l, )„[ s, 3,2 • • Z Largest Municipality y/11.0,-I +f3 .L *T ?"'`5.7y._, 3��u_``ar} .�, .Z, Other (describe) Ce'f1- . «.i,raf 4. ,_. .r f 1_l_ ee_t 3 7 Tax Rate Limitations for Operating Purposes c� Close of Latest Tax Year I°� / 3 1 / 7 / Mills Allowable✓l L //'"1h'' Mills Being Levied . (If any rotes ore levied on assessed value other than that shown above,identify on separate attachment and give ratio of assessed to market value for each.) t1 SCHOOL DATA Circle grades provided by this District: K 1 2 3 4 5 6 7 8 9 10 11 12 13 14 (Est.) 1978-79 1977 78 1976-77 1975-76 Avg. Enrollment or ADA Number of Classroom Teachers 12 REPRESENTATION OF FINANCE OFFICER Subject to the following exceptions,all maturing bonds,coupons and notes of this unit maturing after January 1,1978 to this date and presented for payment hove been punctually paid. • Exceptions: (if none, please write "No Exceptions") 410 C.K. `e y'v/l 5 PLEASE PRINT OR TYPE 1f unit's CPA or Registered Municipal Accountant assisted in the All data herein were taken from the official records of this unit and preparation of this information and Moody's is authorized to contact are correct to the best of my knowledge and belief. him for any clarification, please complete the following: NAME AND TITLE OF OFFICIAL PREPARING THIS INFORMATIQN ACCOUNTANT Street Address tt+ t/ad+lke“ — . City, State, Zip City, State, Zip Telephone No. Telephone No. -4__ - —i Date Signature --/ / — ■ ■ .. 0 9 /t.,i '44C+41 Q07!ti,e..-1- qoo rri --27 so, oOO 32 98,C% -2 F 36, 00O 3 / (03C' . 60V 41 .7 7 /o, D oo e,a, 8-to o 7? l4) 000 �� 3 8-0 v 173 vYi -77 / oioov 7 &iii 7 /oi boo 71 P-00_ a A-1 l r✓I 17 - v -.- /! ..5-3 0 i 18" 3.0-P-0 // 5-30 7 ,- o r Q ... /Up #44 7 g - o - �, SO-D 1 °I 7 3 1 el -b /9 fir/ orov Km 349 DOo 30,.2 85' 3 D 000 a 8 93� 34 00 027,"8-cs-- 5z7-0rr1 /6)000 al gov (Po ooe a / AiAo .20 '.a �/ io, 173 h'I /0/00 4 74/0 1 a,aoo 6 /a, oao s;76 .Pi q 41 35000 /0170 3 ,-ODo $,.7°--9 35:00o 7 /tea /cm /Oo - 5,501) 242,00o 3;50p 0 06d y yod 197f_ /dD - 6:5-00 020, WO S,56d Po,Gov 'y 4'06 1977 j 7',14 aDO y, TOD A0, 000 3 (06-0 Re DDo 2, WO / 711a0 - ®- 0- ...2o o o 8 `lam 0249 DDO �� _ _-- _ w ,. . ;...._ y 1051 ooh g►f,59S /15, o00 ,3(5- 17'3, 060 '14,44,G" • 410 Moody's Investors Service 99 Church Street,New York,N.Y. 10007 a cmpny of The o Duna&Bradstreet Corporation OAK PARK JUDY HE1GH_I S c DEP. CLERK JUDY STILES, 14168 ST. n• Nti 55(182 cTILL%ATER U00081.88 Dear Sir or Madam: We have started to compile Moody' s 1983 Municipal & Government Manual and would appreciate your assistance in providing us with information requested on the enclosed form. Should bonds of your community or district now have a current Moody' s rating , it is extremely important that we receive the most up-to-date financial and statistical data. Our failure to receive the information necessary to review your rating will result in the withdrawal of the rating by our rating committee. Please return this letter with the requested information. Should the above address require correction, please make all necessary changes. Your cooperation will be greatly appreciated. Sincerely yours , f9 „9„64,so Faeckt 11C4J alki\fritai Robert P. Hanson Freda Stern Ackerman Assistant Vice President Executive Vice President & Editor-in-Chief FSA:vlw DELAHUNT VOTO 4101 • & CO., LTD. CERTIFIED PUBLIC ACCOUNTANTS C Birch Lake Professional Building • 1310 E. Hwy.96 • White Bear Lake, MN 55110 • Phone 426-3263 RONALD I. DELAHUNT, RETIRED ROBERT J. VOTO, CPA TIMOTHY E. REARDON, CPA ROBERT G. TAUTGES, CPA February 22, 1983 City of Oak Park Heights 14168 North 57th Street Stillwater, MN 55082 Dear Judy: I have reviewed your 1982 Moody's Investment Report and made notations and corrections on an enclosed copy. If you have any questions, please call. Sincerely, DE LA HUNT VOTO & CO. , LTD. herr. d4 / Betty Caruso Staff Auditor BC/jj enc. cc: Correspondence File MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS • PRIVATE COMPANIES PRACTICE SECTION MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS MUNICIPAL FINANCE OFFICERS ASSOCIATION • MINNESOTA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS MO ODY ' S INVESTOR SERVICE INC . 0 99 Church Street, New York, N.Y. 10007 Telephone: (212) 553-0300 MUNICIPAL DEPARTMENT 1982 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR 1983 MOODY'S MUNICIPAL & GOVERNMENT MANUAL ANNUAL INFORMATION REQUIREMENT In order to maintain the currency of yotir rating, we require your submission of updated information regarding system utilization, past and budgeted Financial Operations and Debt. The completion of this questionnaire together with the submission of a COMPREHENSIVE ANNUAL FINANCIAL REPORT and a CURRENT BUDGET can fulfill our needs. INSTRUCTIONS: Please fill in the Unit Description section and then complete the questionnaire. If you have any questions, write or call MOODY'S MUNICIPAL DEPARTMENT at the address or telephone number given above. YOUR PROMPT RESPONSE TO THIS REQUEST IS NECESSARY TO SUSTAIN YOUR RATING. UNIT DESCRIPTION: City of Oak Park Heights City MN Washington Name of Government Unit Type of government State of County of (eg: city, town, . county spec. district , spec. authority) 2,591 2,598 _ 1.5 22.2 acres Pop. ( 1980) Pop. ( 1982 Est . ) Land Area sq.mi . Land Area sq.mi . • ( 1980) (Current) as of 1982 . (NOTE TO SCHOOL DISTRICTS AND SPECIAL DISTRICTS: If available please send a reference map outlining your district boundaries) CHECK ALL ITEMS: NOT REFER TO INCLUDED INCLUDED SECTION Statement of bonded debt by purpose & security _ f 1 Bonded debt schedule of future annual principal maturities (separated by security type) ✓/ 2 Annual bond interest requirements (separated by security type) t� 2 Statement of short-term debt (notes, other) by security, amount and maturity dates ✓ 3 Future borrowing plans 4 Statement of overlapping debt by issuer / including share allocable to your tax base _ ✓ 5 Financial operating statements (all funds) ,' Balance sheet presentation (all funds) .� Notes to financial statements ( include description of basis of accounting) _ Current year budgeted operations 1 1 Last 3 years' assessed valuation ( if available separate real , personal and other property) ✓ 6 Last 3 years' assessment ratio and or property equalization ratio >✓ 6 Last 3 years' tax rates, tax levies and tax collections by year and total v 7 Description of any tax limitations for operating purposes 8 Current assessed value of each of the 5 largest. taxpayers ✓ 9 List of major employers located in your jurisdiction & employment level at each 10 l _ _ 41/1 NOT REFER TO INCLUDED INCLUDED SECTION Number employed by this unit of government ✓ _ _ 11 Statement regarding status of / employee pension funds ✓ 11 For school districts only - annual enrollments (3 years past and present) f 12 * No sections are provided for this information, if not available in an annual report/budget, please submit appropriate alternative statements. For all items checked as NOT INCLUDED please complete the referenced sections of the form atached. ENTERPRISE OPERATIONS: Included in this package is an information form for each separate type of municipal enterprise for which Moody' s has a separate bond rating. Please refer to each of these forms and fill in that information which is not otherwise included in your financial and budget reports. REPRESENTATION OF FINANCE OFFICER Subject to the following exceptions, all maturing bonds, coupons and notes of this unit maturing after January 1 , 1982 to this date and presented for payment have been punctually paid. Exceptions: (If none, please write "No Exceptions" ) No Exceptions Attachments: Please list the financial reports, budgets and any other documentation or attachments that are included in this submission. Annual Financial Report PLEASE PRINT OR TYPE All data herein was taken from the official records of this unit and are correct to the best of my knowledge and belief. Judy Stiles, Deputy Clerk NAM', k TITLE OF OFFICIAL PREPARING THIS INFORMATION 14168 57th St. N. ------- ---------------- STREET ADDRESS Stillwater, MN 55082 CITY STATE Z I P CODE 11.1.1:1'IIONE (ARIA koli1�9N444kii DA'I'E SIGNA'T'URE: OIPREPANER III --- ------- — SIX/--I_"-__ ----- ----- -------------- If unit 's CPA or Registered Municipal Accountant s'. ,) ) ,nt. a�_i5ted in the preparation of this information and Moody's is authorized to contact him for any clarif'ica ion, please complete the following: Delahunt Voto & Co. , Ltd. --- --------- ACCOUNTANT --Birch Lake Professional Building STREET ADDRESS ---- ------- -- --- 1310 E. Hwy. 96 CITY STATE ZIP CODE White Bear Lake, MN 55110 TELEPHONE (AREA CODE) NUMBER (61_4_426-3263 — -- I MOODY'S INVESTORS SWICE • 99 Church Street, New York, N.Y. 10007 Telephone: (212) 553-0300 MUNICIPAL DEPARTMENT 1982 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR 1983 MOODY'S MUNICIPAL & GOVERNMENT MANUAL ANNUAL INFORMATION REQUIREMENTS Instructions: Complete the following sections for only those items which are checked as not included in your Comprehensive Annual Financial Report or Current Budget. If you have any questions write or call Moody's Municipal Department at the address or telephone given above. OAK Name of Government ou Park Heights State MN SECTION 1: BONDED DEBT AS OF FISCAL YEAR ENDED: 12 / 31 / 82 _ Have any bonds been issued since the end of the year? No Security Other General Describe Security- Obligations (Special Assessment (indicate if Sales tax, State loan limited or Lease FmHA, SBA, etc. ) Purpose unlimited tax*) Revenue Rental Amount Description General Improvements 1,580,000 Schools Roads, Bridges, Tunnels - Sewerage Water Water & Sewer 190,000 Electric Hospital Transp./Airport Other - TOTAL 1,580,000 190,000 * Limited to: Mills Per $1 ,000 Assessed Valuation. If any of the above is supported by law or contract from revenues supplied by another governmental unit, attach a statement giving all relevant details. N/A • SECTION 2: ACTUAL AND SCHEDULED BOND RETIREMENT (through final maturity) Fiscal Year --General Obligation-- Revenue Other Principal Interest Principal Interest Principal Interest . Actual 1981 175,000 76,665.00 16,200.00 1982 175,000 67,935.00 10,000 16,200.00 Future due in 1983 155,000 97,087.50 10,000 15,450.00 1984 160,000 89,157.50 10,000 14,700.00 1985 100,000 .80,417.50 15,000 13,950.00 - 1986 105,000 .74,452.50 15,000 12,787.50 1987 1988 35;.000 63;052:50 1;:888 ; :80 1989 95,000 57,847.50 15,000 9,225.00 • 1990 95,000 51,905.00 15,000 7,987.50 1991 100.000 45.902.50 20,000 6,750.00 1992 90,000 39,597.50 20.000 5,100.00 1993 95.000 33,527.50 20,000 3.400.00 1994 75,000 27,172.50 20,000 1,700.00 1995 75,000 23,042.50 1996 75,000 18,912.50 1997 75,000 14,757.50 1998 40,000 9,873.35 1999 15,000 7,815.00 2000 15,000 6,270.00 . 2001 15,000 4,710.00 2002 15,000 3,150.00 i 2003 & f' beyond 15,000 1,575.00 4111 40 , , SECTION 3: SHORT-TERM DEBT: Fiscal year ended: 12/31/82 Amount Dated Due None _/_/_ ,_/—/— Tax Anticipation Notes _/_/_ —/—/— . Delinquent Tax Notes —/—/— __ Revenue Revenue Anticipation Notes —/—/__ —/—/— Other Temporary Operating Loans / / /—/— Bond Anticipation Notes —/—/— —/—/— Grant Anticipation Notes —/—/— _/_/_ Warrants —/—/— —/—/— If any short-term debt has been issued since the close of the last fiscal year please indicate the types, amounts and maturity dates. Type Note Amount Maturity Date $ —/—/— / / SECTION 4: Is the issuance of any short or long-term debt anticipated over the next year? If so, please specify the types, and amounts. No Future Borrowing Plans: Type Amount Issues planned during 1983 $ Bonds authorized but unissued Any bond elections planned during 1983? SECTION 5: OVERLAPPING UNITS- List the names of all overlapping units, i .e. , county, school districts, flood control districts, etc. (attach separate sheet if necessary) . Tax base Name % Overlapping Amount of Debt Outstanding Washington County $ ISD #834 School Dist. 916 Metro Council State of Minnesota HRA SECTION 6: ASSESSED VALUATION - Latest three years 1980 1981 1982 Realty $ 42,657,078 $ 44- 12A113 $ 43,449,451 Personal property 686,216 790,142 801,911 Public utilities - Other 297,109 Total Assessed Valuation $ 43,640,403 $ 45,309,275 $ 44,251,362 Assessment Ratio or % % % Est. Ratio of Assessed to Market Value 98.6% 98.6 % 98.6% SECTION 7: TAX RATES PER $1,000 ASSESSED VALUATION Year: 1980 1981 1982 This Unit for Debt Service 1.119 1.149 1.602 This Unit Total Rate 10,840 11-938 14,24 School Districts (if any) #834 42.226 49.839 47.746 1 County 26.330 24.293 24.202 Largest Overlapping Municipality Metro Council OO7 �S4 Other (describe) School Dist. 916 - .211 HRA .197 TAX COLLECTION DATA - Latest three years $ .12/31/82$12/31/81 $ 12/31/80 Total Current Levy orrr errt�ket-eye-1--•Go4-1cctcd 521,081 473,105 384,800 Delinquent Taxes Collected Total Collections 511,424 460,027 385,153 What is penalty rate for delinquent taxes? 10% on Homestead - 14% on Non-Homestead 4/11 SECTION 8: Describe any operating TAX LIMITATIONS and remaining margins available under these limits. No Limits SECTION 9: Major Taxpayers SECTION 10: Major Employers Name Current Assessed Name No. Employees Value (if avail . ) (if available) 1 . $ 1 . $ 2. 2. 3. 3. _ 4. 4. 5. 5. 6. 6. 7. 7 . 8. 8. 9. 9. 10. 10. SECTION 11: EMPLOYEES AND PENSION SYSTEM Number of Full-time Employees at 12 / 31 / 82 8 PENSIONS: Pension system please list number of employers covered, whether the system is administered locally or by the state or privately, the date of the last actuarial study, the funding method and the amount of any unfunded liability. 9 - 1 part-time, 8 full time Last System Number Administered Actuarial Funding Unfunded Name Covered By Study- Method Liability Public Emp Ret Ass'n 9 State of MN SECTION 12 SCHOOL DATA (If Applicable) N/A Grades Provided by this District: (Est. ) 1982-83 1981-82 1980-81 1979-80 Avg. Enrollment or ADA Number of Classroom Teachers School Capacity _, 0 MOODY'S INVESTORS SE ICE - 1 99 Church Street, New York, N.Y. 10007 Telephone: (212) 553-0300 . MUNICIPAL DEPARTMENT 1982 STATEMENT •OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR 1983 MOODY'S MUNICIPAL & GOVERNMENT MANUAL ANNUAL INFORMATION REQUIREMENTS Instructions: Complete the following sections for only those items which are checked as not included in your Comprehensive Annual Financial Report or Current Budget. If you have any questions write or call Moody's Municipal Department at the address or telephone given above. Name of Government Old)• .rk Heights State MN SECTION 1: BONDED DEBT AS OF FISCAL YEAR ENDED: /v2 / 3 / / e-.7-- Have any bonds been issued since the end of the year? ,(5, ------ Security Other General Describe Security- Obligations 0 (Special Assessment (indicate if Sales tax. State loan limited or Lease FmHA. SBA. etc. ) Purpose unlimited tax*) Revenue Rental Amount Description General Improvements re.5-SsD/60O Schools . Roads, Bridges, Tunnels Sewerage Water Water & Sewer /90.0,0 0 Electric Hospital Transp./Airport Other / 580,000, . TOTAL 9 /50.00e,o.OGb • Limited to: Mills Per $1 ,000 Assessed Valuation. If any of the above is supported by law or contract from revenues supplied by another governmental unit, attach a statement giving all relevant details. y . SECTION 2: ACTUAL AND SCHEDULED BOND RETIREMENT (through final maturity) Fiscal Year --General Obligation-- Revenue Other Principal Interest Principal Interest Principal. Interest Actual 1981 /75 Oda 7G (o(c< /(, ‘200 1982 /15 1700 &-j 5.3� /U 000 iG , Dd , Future �5`L50 due in 1983 /S� DOO , 97 029,50 /v Do(2 1984/c4'� g ?9rS�,St�1Y /0 Oa O 7 o ✓ 1985 /DO 000 �--, o //7.SD 1'S 000 13 gs`O .v 1986 /OS-boo '' ✓V/ '/.ScV.SDi /5` 00 /.2'7-5'7 5I.2r 1987 Ss ' 00Q ✓ ✓lS . .z7,S/? 00 // 6-?5-'f . 1988 F� 000 ✓ —103 05a.50 /.7 ©OO Ad 1/?5.-- 1989 '95;000 ✓ 42 y7_ -00 X51000 i �..,5' 1990 R 000 ✓ v5i GA5.ID ,S'000 7'9.x'7_>0 1991 /D.), 000 v r,-'/5 9d..15-0 .pb 00 6' 750 1992 go, 000 ✓ r'c35'597sD Pd co O s /0V 1993 •'000 v ✓335P7, 0 ad ooc> 34/00 1994 V,1:7 /7,,,5-0 ao Do(7 / 700 1995 7c 0or) y/ ?3'0`/.?6-0 1996 7S 000 — Li8 cli.7.5-0 1997 '751000 ✓ /y7s7'•e2 1998 .10 000 ✓ " ` r • 1999 /5,vo 0 - ,2/___6-.U-o 2000 /5 op() - / 279.'%0 2001 /._ ' DOD A1710,00 2002 f t oDO ' ✓ 3 150,.eo 2003 & i l , beyond /6-00D `- 1" - - [ H,A..„ , __ • . ,. - 40 , SECTION 3: • . SHORT-TERM DEBT: Fiscal year ended: /V3//71---?" Due Amount Dated //dNL- / / — •Tax Anticipation Notes —/—/— —/—/— Delinquent Tax Notes —/--/— —/—/— ' Revenue Anticipation Notes /__/-- _-_'-- Other Temporary Operating Loans —/—/— —/--/— Bond Anticipation Notes —/__/__ —/—/— Grant Anticipation Notes __/_/— /—/— Warrants —/—/— -/—/_ If any short-term debt has been issued since the close of the last fiscal year please indicate the types, amounts and maturity dates.fyD�,� - Type Note Amount Maturity Date $ _/—/— I SECTION 4: Is the issuance of any short or long-term debt anticipated over • the next year? If so. please specify the types, and amounts. ,1/0 Future Borrowing Plans: Type Amount Issues planned during 1983 $ • Bonds authorized but unissued Any bond elections planned during 1983? • SECTION 5: OVERLAPPING UNITS- List the names of all overlapping units, i .e. , county, school districts, flood control districts, etc. (attach separate sheet if necessary) . Tax base Name % Overlapping Amount of Debt Outstanding ,Oa..a-<:,,,. - $ I i S 0 ef#8'3`1 5, e-e ,J.�-t c i(P • SECTION 6: ASSESSED VALUATION - Latest three years 190'0 198 1111 ►4 I.33 19E.2 — "Pis-)4 Realty $! , v57O $ $ '`? $ y3*Y4sIS7 Personal property. Gnu c9/4 i 4o' vZ 8oiq,i Public utilities Other P97 /6,9 Total Assessed Valuation $ .3, G•%a4103 $ y5Alretljr $ yg15/362- Assessment Ratio or % % % Est. Ratio of Assessed to Market Value VC,% 2Z v % % SECTION 7: TAX RATES PER $1,000 ASSESSED VALUATION Year: i9?0 1c12( /17.5>P. This Unit for Debt Service /,119 * 7-P-O ' /1'/f_ a' This Unit Total Rate /n. 11`/0 I/. 93P ,d►—,31 /y,,2 ■( School Districts (if any)156S-3'i AP a-W 1/, 39 '77tti I County. .2G. 330 ay,P5'3 .sZ`f.7o2 '-'l r Largest Overlapping Munici ality ° eca-4- -11-LL / '/, 007 3,9?// 11,131 Other (describe) Scti..� • (W. /.o4/ 4 ,9./ 1.Gfg r RA ( • •197 TAX COLLECTION DATA - Latest three years $ .:0://2,,I. $ 0/0/ $ /0134/6 12.200 Total Current Levy 5.14 cif/ 'y73./os- 3a4/ 8'00 Current Actual Collected Delinquent Taxes Collected Total Collections S/I,1.-/ yGoo?7 3---r S'3 What is penalty rate for delinquent taxes? • 41/J h y, I)9-17\- 6 1- .-2 e 1 • • SECTION 8: Describe any operating TAX LIMITATIONS and remaining margins available under these limits. 4/4 f) SECTION 9: Major Taxpayers SECTION 10: Major Employers Name Current Assessed Name No. Employees Value (if avail. ) (if available) 1 . $ 1 . $ 2. 2. 3. 3. 4. 4. 5. 5. 6. 6. 7. 7. 8. 8. 9, 9. 10. 10. SECTION 11: EMPLOYEES AND PENSION SYSTEM Number of Full-time Employees at 1::?/31 / B'.2 PENSIONS: Pension system please list number of employers covered, whether the system is administered locally or by the state or privately, the date of the last actuarial study, the funding method and the amount of any unfunded 1iabi1ity. 9 _ f ,.� Last System Number Administered .Actuarial Funding Unfunded Name Covered By Study-- Method Liability SECTION 12 • SCHOOL DATA (If Applicable) • Grades Provided by this District: /////r (Est. ) 1982-83 1981-82 1980-81 1979.-80 Avg. Enrollment or ADA Number of Classroom Teachers School Capacity - • MOODY' S INVESWRS SERVICE , INC. 0 . 99 Church Street, New York. N.Y. 10007 • Telephone: (212) 533-0300 MUNICIPAL DEPARTMENT 1982 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR 1983 MOODY'S MUNICIPAL & GOVERNMENT MANUAL ANNUAL INFORMATION REQUIREMENT In order to maintain the currency of your rating. we require your submission or updated information regarding system utilization, past and budgeted Financial Operations and Debt. The completion of this questionnaire together with the submission\of a COMPREHENSIVE ANNUAL FINANCIAL REPORT and a CURRENT BUDGET can fulfill our needs. INSTRUCTIONS: Please fill in the Unit Description section and then complete the questionnaire. If you have any questions, write or call MOODY'S MUNICIPAL DEPARTMENT at the address or telephone number given above. YOUR PROMPT RESPONSE TO THIS REQUEST IS NECESSARY TO SUSTAIN YOUR RATING. UNIT DESCRIPTION: O A H � Nan cd Government Unit Type of gernment State of County (eg: city, town, • county spec. district. spec. authority) , a sg 1 . 5 2 .F 43" R :2, a u6 Pop. ( 1980) Pop.('1982 Est. ) Lanes Area sq.mi . Land Area sq.mi . : ( 1980) (Current) as of 19 . (NOTE TO SCHOOL DISTRICTS AND SPECIAL DISTRICTS: If available please send a reference map outlining your district boundaries) CHECK ALL ITEMS: • NOT REFER TO INCLUDED INCLUDED SECTION E . Statement of bonded debt by purpose& security Bonded debt. schedule of future annual principal / , maturities (separated by security type) ,/ _ i 2 • Annual bond interest requirements (separated by security type) - / 2 Statement of short-term debt (notes, other) by 3 security, amount and maturity dates Future borrowing plans ✓ 4 Statement of overlapping debt by issuer including share allocable to your tax base / 5 Financial operating statements (all funds) * Balance sheet presentation (all funds) ✓ - * • Notes to financial statements ( include / , description of basis of accounting) ,/ * Current year budgeted operations ✓/ * Last :3- years' assessed valuation ( if available / separate real , personal and other property) / '6 Last. 3 years' assessment ratio and or / 6 property equalization ratio / Last 3 years' tax rates, tax levies and tax collections by year and total / 7 • Description of any tax limitations for _ / operating purposes _ /' ,/ 8 Current assessed value of each of the . / 5 largest taxpayers 91 List of major employers located in your jurisdiction & employment level at. each 10 • — _ S • NOT REFER TO INCLUDED INCLUDED SECTION Number employed by this unit / of government ! 11 Statement regarding status of J employee pension funds ✓ 11 For school districts only - annual enrollments ` (3 years past and present) — ✓ 12 * No sections are provided for this information, if not available in an annual report/budget, please submit appropriate alternative statements. 0 For all items checked as NOT INCLUDED please complete the referenced sections of the form atached. . ENTERPRISE OPERATIONS: Included in this package is an information form for each separate type of municipal enterprise for which Moody's has a separate bond rating. Please refer to, each of these Forms and fill in that information which is not otherwise included in your financial and budget reports. REPRESENTATION OF FINANCE OFFICER _ Subject to the following exceptions, all maturing bonds, coupons and notes of this unit maturing after January 1 , 1982'to this date and presented for payment have been punctually paid. ' Exceptions: ( If none, please write "No Exceptions" ) i l e e p f . % . Attachments: Please list the financial reports, budgets and any other documentation or attachments that are included in this submission. r . N PLEASE PRINT OR TYPE All data herein was taken from the official records of this unit and are cur ree t to the best or my knowledge and belief. NAME ti TITLE OF OFFICIAl. PREPARING THIS INFORMATION I STREET ADDRESS -- - --- - - ------+ CITY STATE ZIP CODE TELEPHONE (AREA CODE) NUMBER - -- ^- _______L_._L__ - - ---- - -- __ DATE SIGNATURE OF PREPARER . If unit 's ('PA or Registered Municipal Accountant assisted in the preparation of this information and 't Moody's is authorized to contact him for any clarif'ida ion. please complete the following: ACCOUNTANT --- - STREET ADDkF:SS----.-"------- -`— - -� _ CITY___ - '-- -- STATE --_ZIP CODE TELEPHONE (AREA ('ODE) NUMBER ----- - t • c • Moody's Investors Service 99 Church Street,New York,N.Y. 10007 212-553-0300 CAK PARK t E IG? TS JUCY STILES. CEP. CLERK 1.4168 ST. t• . STILLWATER MN 55u82 00008188 Dear Sir or Madam: We have started to compile Moody' s 1984 Municipal & Government Manual and would appreciate your assistance in providing us with information requested on the enclosed form. Should bonds of your community or district now have a current Moody's rating, it is extremely important that we receive the most up-to-date financial and statistical data. Our failure to receive the information necessary to review your rating will result in the withdrawal of the rating by our rating committee. Please return this letter with the requested information. Should the above address require correction, please make all necessary changes. Your cooperation will be greatly appreciated. Sincerely yours, , , ),_UX!ee_LA, CD/— Robert P. Hanson reda Stern Ackerman Assistant Vice President Executive Vice President & Editor-in-Chief FSA/mg VOTO, REARDON•AUTGES & CO., LTD. S VLSI: CERT IFIE D PUBLIC ACCOUNTANTS Birch Lake Professional Building •1310 E. Hwy. 96•White Bear Lake, MN 55110•Phone 426-3263 ROBERT I. VOTO, CPA February 27, 1984 TIMOTHY E. REARDON, CPA ROBERT G. TAUTGES, CPA Judy Stiles City of Oak Park Heights 14168 North 57th Street Silitwater, MN 55082 Dear Judy: Pursuant to your request, I have reviewed the attached and made changes where necessary. Sincerely, VOTO, REARDON, TAUTGES & CO. , LTD. Dave Mol Auditor DM/111 att. cc: Correspondence File MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS•PRIVATE COMPANIES PRACTICE SECTION MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS MUNICIPAL FINANCE OFFICERS ASSOCIATION•MINNESOTA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS MOODY' S INVESTS SERVICE #1 99 Church Street, New York, N.Y. 10007 Telephone: (212) 553-0317 MUNICIPAL DEPARTMENT 1983 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR MOODY'S 1984 MUNICIPAL & GOVERNMENT MANUAL ANNUAL INFORMATION REQUIREMENT INSTRUCTIONS:In order to maintain the currency of your rating, we require updated information regarding past and budgeted financial operations, debt, and certain measures of administrative performance. The specific items we require are enumerated in the check list below. Please check all items 'A' through 'S' as either included or not included in your annual report, budget and/or other submitted document. For all items checked as not included please refer to the appropriate section of the form and provide the data requested. The completion of- the checklist and necessary sections together with the submission of a COMPREHENSIVE ANNUAL FINANCIAL REPORT and a CURRENT BUDGET will fulfill our needs. Please fill in the Unit Description section and then complete the checklist. If you have any questions, write or call MOODY'S MUNICIPAL DEPARTMENT at the address or telephone number given above. YOUR PROMPT RESPONSE TO THIS REQUEST IS NECESSARY TO SUSTAIN YOUR RATING. UNIT DESCRIPTION: • Oak Park Heights City MN Washington Name of Government Unit Type of government State of County of (eg: city, town, county spec. district, spec. authority) 2,591 2,598 1.5 1.875 Pop. (1980) Pop. (1983 Est. ) Land Area sq.mi. Land Area sq.mi. : ( 1980) (Current) as of 1981 (NOTE TO SCHOOL DISTRICTS AND SPECIAL DISTRICTS: If available, please send a reference map outlining your district boundaries) CHECK ALL ITEMS: NOT REFER TO INCLUDED INCLUDED SECTION a) Statement of bonded debt by purpose and security - ✓ 1 b) Bonded debt schedule of future annual principal maturities (separated by 2 security type) VI c) Annual bond interest requirements (separated by security type) 2 d) Statement of short-term debt (notes, other) by security, amount and maturity dates ,/ 3 e) Future borrowing plans ./ 4 f) Statement of overlapping debt by issuer including share allocable to your tax base /7 5 g) Financial operating statements (all funds) ./ • h) Balance sheet presentation (all funds) ✓ • i) Notes to financial statements (include description of basis of accounting) ✓ • j) Current year budgeted operations • k) Last 3 years' assessed valuation (if available separate real , personal and ✓ other property) 6 1) Last 3 years' assessment ratio and or / property equalization ratio ✓ 6 m) Last 3 years' tax rates, tax levies • and tax collections by year and total ✓ 7 n) Description of any tax limitations for / operating purposes ✓ ^ 8 0) Current assessed vaii i` each of the 5 largest taxpayers / 9________. p) List of major employers located in your jurisdiction and employment / level at each ✓ 10 q) Number employed by this unit of government ✓ 11 r) Statement regarding status of employee pension funds ✓ 11 s) For school districts only - annual enrollments (For past 3 years and present year) ✓ 12 * No sections are provided for this information. If not available in an annual report/budget, please submit appropriate alternative statements. ENTERPRISE OPERATIONS: Included in this package is an information form for each type of municipal enterprise for which Moody's has a separate bond rating. Please refer to each of these forms and fill in that information which is not otherwise included in your financial and budget reports. • REPRESENTATION OF FINANCE OFFICER Subject to the following exceptions, all maturing bonds, coupons and notes of this unit maturing after January 1 , 1982 to this date and presented for payment have been punctually paid. Exceptions: (If none, please write "No Exceptions" ) No Exceptions Attachments: Please list the financial reports, budgets and any other documentation or attachments that are included in this submission. Annual Financial Report SECTION 1 BONDED DEBT AS OF FISCAL YEAR ENDED: 12 / 31 / 83 Have any bonds been issued since the end of the year? No Security Other • General Describe Security- Obligations (Special Assessment (indicate if Sales tax, State loan limited or Lease FmHA, SBA, etc. ) unlimited tax*_) Revenue Rental Amount Description General improvements 1,505,000 Schools Roads, Bridges, Tunnels Sewerage _ Water Water & Sewer 180,000 Electric Hospital Transp./Airport Other TOTAL 1,505,000 180,000 * Limited to: Mills Per $1 ,000 Assessed Valuatibn. If any of the above is supported by law or contract from revenues supplied by another governmental unit, attach a statement giving all relevant details. N/A r SECTION 2: ACTUAL AND SCHEDULED OND RETIREMENT (through fina aturity) Fiscal Year --General Obligation-- Revenue Other Principal Interest Principal Interest Principal Interest Actual 1982 175,000 67,935.00 10,000 16,200.00 1983 155,000 97,087.50 10,000 15,450.00 Future due in 1984 160 000 93,490.39 10,000 14,700.00 1985 109,000 86,922.25 15,000 13,950.00 1986 114.000 80 217.00 15,000 12,787.50 1987 94,000 73,740.50 15,000 11, 25.00 1988 94,000 67,305,00 15,000 10,425.00 1989 104,000 61,330,50 15,000 9.225.00 1990 104,000 54,609.50 15,000 7,987.50 1991 109,000 47,819.50 20.000 6,750.00 1992 99,000 40,718.00 20,000 5,100.00 1993 103,000 33,887.50 20,000 3,400.00 1994 75,000 27,172.50 20,000 1,700.00 1995 75,000 2.3,042,50 1996 75 000_ 18 912 50 1997 75;000_ 14;757,50 1998 40,000_ 9,873.35 1999 15,000 7,815.00 2000 15,000 6,270.00 2001 15,000 4,710.00 2002 15,000 3,150.00 , 2003 & 15,000 1,575,0.0 beyond • SECTION 3: SHORT-TERM DEBT: Fiscal year ended: Amount Dated Due Tax Anticipation Notes _/_/_ _/ _/ P _ Delinquent Tax Notes / _/_/_ Revenue Anticipation Notes _/_/_ _/_/_- Other Temporary. Operating Loans / _/_/_ Bond Anticipation Notes _/_/_ _/_/__ Grant Anticipation Notes __/_/_ _/_/__ Warrants / _/_/_. -If any short-term debt has been issued since the close of the last fiscal year please indicate the types amount and maturity dates. Type Note Amount Maturity Date $ / / / / SECTION 4: Is the issuance of any short or long-term debt anticipated over the next year? If so, please specify the types, and amounts. No Future Borrowing Plans: Type Amount Issues planned during 1984 $ Bonds authorized but unissued Any bond elections planned during 1984? SECTION 5: OVERLAPPING UNITS--List the names of all overlapping units, i .e. , county, school districts, flood control districts (attach separate sheet if necessary) . Tax base Name % Overlapping Amount of Debt Outstanding Washington County $ ISD #834 School Dist, 916 Metro Council State of Minnesota t LCT 1 ON 6: ASSESSED VALUATION--Late three years F� I 19 ] 193,2 19$,3 43 449 151 45 753 661 ' It $ 44,519,133 � � > > Rea y : � Personal ro ert Y 790,142 801,911 844,907 P A Public utilities Other ' Total Assessed Valuation $ 45,309,275 $ 44,251,362 $ 46,598,568 assessment Ratio or % % % Est . Ratio of Assessed to - Market Value 98.6% 98.6% 98.6% SECTION 7: TAX RATES PER $1,000 ASSESSED VALUATION Year: 1981 1982 - 1983 This Unit for Debt Service 1.149 1.602 1.622 This Unit Total Rate - 11.938 14.241 14.485 Special Taxing District ' /95 School District ( if any) #834 49.839 47.746 47.855 County 24.293 24.202 27.818 Largest Overlapping Municipality Metro Council 3.984 4.131 4.487 Other (describe) School Dist. 916 1.211 1.692 1.307 HRA .19/ TAX COLLECTION DATA--Latest three years $ 12/31/83 $ 12/31/82 $ 12/31/81 Total Current Levy Current Actual Collected 605,259 521,081 473,105 Delinquent Taxes Collected 594,566 506,668 458,238 Total Collections 10,778 4,756 1,648 605,344 511,424 459,886 What is penalty rate for delinquent taxes? 10% on Homestead - 14% on Non-Homestead SECTION 8: Describe any operating TAX LIMITATIONS and remaining margins available under these limits. I No Limits SECTION 9: Major Taxpayers SECTION 10: Major Employers Name Current Assessed Name No. Employees Value (if avail . ) ( if available) 1 . $ 1 . $ 2. 2. 3. . 3. 4. 4. 5. 5. 6. 6. 7 . 7 . 8. 8. 8. 9. 10. 10. SECTION 11 : EMPLOYEES AND PENSION SYSTEM Number of Full-time Employees at 12 31 83 8 PENSIONS: Please list number of employers covered, whether the system is adminstered locally, by the state or privately, the date of the last actuarial study, the funding method and the amount of any unfunded liability. I Last System Number Administered Actuarial Funding Unfunded Name Covered by Study Method Liability Public Emp Ret Ass'n 11 State of MN SECTION 12 SCHOOL DATA (If Applicable) Grades Provided by this District: N/A (Est . ) 1983-84 1982-83 1981-82 1980-81 Avg. Enrollment or ADA Number of Classroom Teachers School Capacity • . PLEASE PRINT OR TYPE All data herein was taken from the official records of this unit and are correct to the best of my knowledge. Judy Stiles, Deputy Clerk NAME AND TITLE OF OFFICIAL PREPARING THIS INFORMATION 14168 57th St. N. STREET ADDRESS Stillwater, MN 55082 CITY STATE ZIP CODE 612-439-4439 TELEPHONE (AREA CODE) NUMBER ( ) DATE S�INATURE OF PREPARER If unit's CPA or registered municipal accountant assisted in the preparation of this information and Moody's is authorized to contact, your accountant for any clarification, please complete the following: Voto, Reardon, Tautges & Co. , Ltd, ACCOUNTANT Birch Lake Professional Bldg. STREET ADDRESS 1310 E. Hwy. 96 • CITY STATE ZIP CODE White Bear Lake, MN 55110 TELEPHONE (AR(A1CODE NU3MB R 1 MOODY' S INVES S SERVICE #1 99 Church S t, New York, N.Y. 10007 Telephone: (212) 553-0317 MUNICIPAL DEPARTMENT 1983 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR MOODY'S 1984 MUNICIPAL & GOVERNMENT MANUAL ANNUAL INFORMATION REQUIREMENT • INSTRUCTIONS:In order to maintain the currency of your rating, we require updated information regarding past and budgeted financial operations, debt, and certain measures of administrative performance. The specific items we require are enumerated in the check list below. Please check all items 'A' through 'S' as either included or not included in your annual report, budget . and/or other submitted document. For all items checked as not included please refer to the appropriate section of the form and provide the data together requested. The completion of- the checklist and necessary sections tog with the submission of a COMPREHENSIVE ANNUAL FINANCIAL REPORT and a CURRENT BUDGET will fulfill our needs. Please fill in the Unit Description section and then complete the checklist. If you have any questions, write or call MOODY'S MUNICIPAL DEPARTMENT at the address or telephone number given above. YOUR PROMPT RESPONSE TO THIS REQUEST IS NECESSARY TO SUSTAIN YOUR RATING. UNIT DESCRIPTION: • MN Oak Park Heights 6,4 y Name of Government Unit Type of gove nment State of County Cbf (eg: city, town, county • spec. district, spec. authority) 2, 5-9/ .2.5-9 8- /. 5 • / , .T Pop. (1980) Pop. (1983 Est. ) Land Area sq.mi,. Land Area sq.mi . (1980) (Current) as of 19c (NOTE TO SCHOOL DISTRICTS AND SPECIAL DISTRICTS: If available, please send a reference map outlining your district boundaries) CHECK ALL ITEMS: . NOT REFER TO INCLUDED INCLUDED SECTION a) -Statement of bonded debt by purpose / 1 and security ,/ b) Bonded debt schedule of future annual principal maturities (separated by 2 security type) c) Annual bond interest requirements / 2 (separated by security type) d) Statement of short-term debt (notes, other) by security, amount and maturity dates • e) Future borrowing plans // 4 f) Statement of overlapping debt by issuer ✓ 5 including share allocable to your tax base g) Financial operating statements (all funds) ✓ * h) Balance sheet presentation (all funds) ✓ - * i) Notes to financial statements (include / description of basis of accounting) / * j) Current year budgeted operations 7 * k) Last 3 years' assessed valuation (if available separate real , personal and other property) ,/ 6 1) Last 3 years' assessment ratio and or / property equalization ratio v 6 m) Last 3 years' tax rates, tax levies / and tax collections by year and total ✓ 7 n) Description of any tax limitations for / operating purposes ./ ._— 8 o) Current assessed val f each of the , 5 largest taxpayer 9 p) List of major employers located in your jurisdiction and employment level at each �,/ 10 q) Number employed by this unit / of government ✓ 11 r) Statement regarding status of / employee pension funds ✓ 11 s) For school districts only - annual enrollments / (For past 3 years and present year) ,/ 12 * No sections are provided for this information. If not available in an annual report/budget, please submit appropriate alternative statements. ENTERPRISE OPERATIONS: Included in this package is an information form for each type of municipal enterprise for which Moody's has a separate bond rating. Please refer to each of these forms and fill in that information which is not otherwise included in your financial and budget reports. REPRESENTATION OF FINANCE OFFICER Subject to the following exceptions, all maturing bonds, coupons and notes of this unit maturing after January 1 , 1982 to this date and presented for payment have been punctually paid. Exceptions: (If none, please write "No Exceptions" ) / a LXC' ce/62- rasp . Attachments: Please list the financial reports, budgets and any other documentation or attachments that are included in this submission. 47/74e a laricra./`l� ()Oar SECTION 1 BONDED DEBT AS OF FISCAL YEAR ENDED: /2 / 3 / /c 3 Have any bonds been • issued since the end of the y ear?7 No Security Other General Describe Security- Obligations (Special Assessment (indicate if Sales tax, State loan limited or Lease FmHA, SBA, etc. ) unlimited tax* ) Revenue Rental Amount Description General improvements /s-e2.5 o o n Schools Roads, Bridges, Tunnels Sewerage Water Water & Sewer fed 000 Electric • Hospital Transp./Airport Other TOTAL ' 5a-C, O o o feU 000 * Limited to: Mills Per $1 ,000 Assessed Valuation. If any of the above is supported by law or contract from revenues supplied by another governmental unit, attach a statement giving all relevant details. /d/iq al . SECTION 6: ASSESSED VALUATION--lest three years • .. 19 el 19 e'er 19/3 Realty $ yy579 /33 $ ii3 yyV/s/ $ 5ed,/ Personal property '790, /11 8-64 I// Public utilities Other v Total Assessed Valuation $ .f15- 3o J ?75 $ y� A5/, 3e $ 4, ' Assessment Ratio or 56 - * —" Est. Ratio of Assessed to Market Value 984% 9� 91, `6 SECTION 7: TAX RATES PER $1,000 ASSESSED VALUATION Year: 198-1 )98-2- /983 This Unit for Debt Service /,/y5 /,6O2 410-72 This Unit Total Rate //. GSS /z/, i/ /' .5Vf5- spEct4t TMc/Nb 4k Mier ,79s- School District ( if any) l(3`/ A/9.839 x/7 72/‘, h'7 ASS County ay, .293 .9y 2oa 7.ele Largest Overlapping Municipal ity//,,...//o Cou/ta 3, 929 y, /3/ �!S'g7 Other (describe) S4.. -/ * 9/6. /. al/ /, 4,9.. / 307 HRi ,/47 ? TAX COLLECTION DATA--Latest three years $ /160"3 $ 62/142.8 $ /.z/6/8/ 1 Total Current Levy 6o5", 5z' o6/ y lo I.- r„,..,-r-'� *° -- "�civ -1 r.,l 1. 6 •,6- ,5 hb ,_$b_i 48 _S!i-�,6 8 Delinquent Taxes Collected <09,77S '7 i ' i'fT Total Collections &PS3v9 Lc// /2y iecq 681, What is penalty rate for delinquent taxes? /d/or�n/5B-7u�f�a�-/`/ 0n/G�,-i//gy,� a.7, SECTION 8: Describe any operating TAX LIMITATIONS and remaining margins available under these limits . .449 /41 /i 5 SECTION 9: Major Taxpayers SECTION 10: Major Employers Name Current Assessed Name No. Employees Value ( if avail . ) ( if available) 1 . $ 1 . $ 2. 2. 3. 3. 4. 4 . 5. 5. 6. 6. 7. 7 . 8. 8. . 8. 9. 10. 10. SECTION 11: EMPLOYEES AND PENSION SYSTEM Number of Full-time Employees at /.2- / 3/ / 8 2 g PENSIONS: Please list number of employers covered, whether the system is i adminstered locally, by the state or privately, the date of the last actuarial study, the funding method and the amount of any unfunded liability. Last System Number Administered Actuarial Funding Unfunded Name Covered by Study Method Liability able, &,.,,r &ia,„..;., ,i ,„9, ,i7,1,,,,/ . SECTION 12 SCHOOL DATA (If Applicable) Grades Provided by this District : A//fl (Est . ) 1983-84 1982-83 1981-82 1980-81 Avg. Enrollment or ADA Number of Classroom Teachers School Capacity SECTION 2: . 1 ACTUAL AND SCHEDULED Be RETIREMENT (through final Altrity) • • Fiscal Year --General Obligation-- Revenue Other Principal Interest Principal Interest Principal Interest Actual 1982 /7:000 6? 9,55,ao /0, 000 iG ao 0.00 1983 is-5-0o° 97 0.5'7,50 )0, 00 o isy<tio.ov Future due in 1984 /60 000 qV yoio,39 ii,ez)o /y 700. 1985 /oq, 00o 8 9.2a..25-- l',DOO ff9so.do 1986 //y coo e-oa/7.ov is000 /, 787 CO 1987 9--000 /Iayo.5o i'0 0 0 //G;Soo 1988 9tOP b &7303,00 /c CO c, /a yas oa 1989 goy coo 6/ 330,50 457.06 a5-,00 1990 /0'1 000 g41,6o9.50 IS,60V -7 987-CO 1991 /o coo yz8,9.s0 aO o00 4 7.So.bo 1992 99 o o o -so 7/8• 00 aO Don Sioo.00 1993 /o 000 3 8''7 50 zi 000 ....i ydD.DO 1994 75 o0c7 ,, -1 172•S.0 A6,000 ( • DU.00 1995 75 000 oy0, 50. 1996 75:0 0 o i8 9i P. cD 1997 7 ) O / 76--7. .5-o F 1998 yo Ooo q R73.35 1999 /,`oov 7 $75',Z7,0 0 2000 / DOG 4-,,,770.00 a 2001 /Soo o y 7/6.60 - 2002 /moo o -3, /5'0,0(2 ' 2003 & /k 00 0 575, o0 beyond SECTION 3: SHORT-TERM DEBT: Fiscal year ended: Amount Dated Due Tax Anticipation Notes _/_/ / / . Delinquent Tax Notes _/_/ —/^/- Revenue Anticipation Notes / / —/—/— Other Temporary — — — Operating Loans __ _ Bond Anticipation Notes _/_/ - _/—/- Grant Anticipation Notes / / -/—/— Warrants _/_/_ _/_/_ -If any short-term debt has been issued since the close of the last fiscal year please indicate the types amount and maturity dates. Type Note -Amount Maturity Date e $ / / / / — — — SECTION 4: Is the issuance of any short or long-term debt anticipated over the next year? If so, please specify the types, and amounts. 1"10 Future Borrowing Plans: / Type Amount Issues planned during 1984 $ Bonds authorized but unissued Any bond elections planned during 1984? SECTION 5: OVERLAPPING UNITS--List the names of all overlapping units, i .e. , county, school districts, flood control districts (attach separate sheet if necessary) . Tax base Name p % Overlapping Amount of Debt Outstanding �Cd S.�t i nij7�tail C O u rcy $ .%Sim 8�3� `I &AOD/ ./-J%((. //p /Y!-t. ro Count;/ r ett-e c: -7)7 /i t se t'cc. lainik 1 1111 r • PLEASE PRINT OR TYPE All data herein was taken from the official records of this unit and are correct to the best of my knowledge. NAME AND TITLE OF OFFICIAL PREPARING THIS INFORMATION STREET ADDRESS CITY STATE ZIP CODE TELEPHONE (AREA CODE) NUMBER ( ) DATE SIGNATURE OF PREPARER If unit's CPA or registered municipal accountant assisted in the preparation of this information and Moody's is authorized to contact your accountant for any clarification, please complete the following: ACCOUNTANT STREET ADDRESS CITY STATE ZIP CODE TELEPHONE (AREA CODE) NUMBER ( ) 111111 NO POSTAGE NECESSARY IF MAILED IN THE • UNITED STATES BUSINESS REPLY MAIL FIRST CLASS PERMIT NO. 43$ NEW YORK, N. Y. POSTAGE WILL BE PAID BY ADDRESSEE MOODY'S INVESTORS SERVICE MANUAL DEPARTMENT 99 CHURCH STREET NEW YORK, N. Y. 1 0007 • Moody's Investors Service 99 Church Street,New York, N.Y. 10007 a company of The Dun&Bradstreet corporation OAK PARK HEIGHTS OAK PARK HEIGHTS LAVJ?VNE WILSON CLERK/TREASURER 14168 N. 57TH ST., 80X 2007 STILLWATER MN 55082 00008188 Dear Sir or Madam: We are compiling Moody' s 1990 Municipal & Government Manual and would appreciate your assistance in providing us with information requested on the enclosed form. If your latest financial and statistical information was supplied to Moody' s , please disregard this request. Should you have any questions regarding the above, please contact Bill Rogersat (212) 553-0003 . Sincerely, fi -gad-76"-14' Robert P. Hanson Freda S. J son Assistant Vice President Executive Vice President and Editor-In-Chief and Director Moody's Investors Service • #1 99 Church Street, New York, N.Y. 10007 Telephone: (212) 553-0317 PUBLIC FINANCE DEPARTMENT 1989 Statement of Information for Maintenance of Bond Rating and Entry for Moody's 1990 Municipal & Government Manual Annual Information Requirement INSTRUCTIONS: In order to maintain the currency of your rating, we require updated information. The completion of the checklist below and necessary sections together with the submission of a Comprehensive Annual Financial Report and a Current Budget will fulfill our needs. The specific items we require are enumerated in the check list below. Please mark(x)all items"A" through "S"as either included or not included in your annual report, budget and/or other submitted document. For all items marked as"Not Included," please refer to the appropriate section of the form and provide the data requested. Please fill in the Unit Description section and then complete the checklist. If you have any questions, write or call Moody's Public Finance Department at the address or telephone number given above. Your Prompt Response To This Request Is Necessary To Sustain Your Rating. UNIT DESCRIPTION: City MN Washington OAK PARK HEIGHTS Type of Government State of County of OAK PARK HE IGHTS (eg:city, town,county LAVONNE WILSON CLERK/TREASURER spec.district, 14168 N. 57TH ST., B0X 2007 spec. authority) STILLWATER MN 55082 00008188 1.5 2.3_0 Pop.(1980) Pop. (1989 est.) Land Area sq. mi. Land Area sq. mi.: , 2,591 3,844 (1980) (Current)as of 19 (Note To School Districts And Special Districts: If available, please send a reference map outlining your district boundaries.) CHECK ALL ITEMS: Not Refer to Included Included Section A. Statement of bonded debt by purpose and security ✓ 1 B. Bonded debt schedule of future annual principal maturities(separated by security type) ✓ 2 C. Annual bond interest requirements / (separated by security type) ✓ • 2. D. Statement of short-term debt(notes,other) by security, amount and maturity dates ✓/ 3 E. Future borrowing plans ✓ 4 F. Statement of overlapping debt by issuer including share allocable to your tax base ✓ 5 G. Financial operating statement(all funds) ✓ H. Balance sheet presentation(all funds) ✓ I. Notes to financial statements • (include description of basis of accounting) J. C'urrent year budgeted operations erations ✓ � K. Last 3 years'assessed valuation(if available separate real, personal and other Y) ro ert 6 p p L. Last 3 years'assessment ratio and or property equalization ratio ✓ 6 M. Last 3 years' tax rates, tax levies and tax collections by year and total ✓ 7 N. Description of any tax limitations for operating purposes ✓ 8 O. Current assessed value of each of the 5 largest taxpayers ✓ 9 P. List of major employers located in your jurisdiction and employment level at each ✓ 10 Q. Number employed by this unit of government •✓ _ 11 R. Statement regarding status of employee pension funds ✓ I S. For school district only-annual enrollments(for past 3 years and present year) ✓ 12 * No sections are provided for this information. If not available in an annual report/budget, please submit appropriate alternative statements. Enterprise Operations: Included in this package is an inf tion form for each type of municipal enterpr r which Moody's has a separate' bond rating. Please refer to each hese forms and fill in that information whic�not otherwise included in your financial and budget reports. • • Representation of Finance Officer: • Subject to the following exceptions, all maturing bonds,coupons and notes of this unit maturing after January 1, 1983 to this date and presented for payment have been punctually paid. Exceptions:(If none,please write"No Exceptions"): No Exceptions Attachments:Please list the financial reports, budgets and any other documentation or attachments that are included in this submission. Annual Financial Report Section ction 1: 1 Bonded Debt as of Fiscal Year Ended: 1_/ 7 89. Have any bonds been issued since the end of the year? No , General Describe Security- Obligations (Special assessment (Indicate if sales tax,state loan 'limited or Lease FmHA,SBA,etc.) unlimited tax) Revenue Rental Amount Description GeneralImprovements $ 1,095,000 $ $ $ Schools Roads,Bridges,Tunnels Sewerage --_ Water Water&Sewer - 95,000 Electric Hospital Transp./Airport ^. Other Total 1,095,000 95,000 * Limited to: Mills per$1,000 Assessed Valuation. If any of the above is supported by law or contract from revenues supplied by another governmental unit, attach a • statement giving all relevant details. . i Section 2: - Actual and Scheduled Bond Retirement(through final maturity): Fiscal General Obligation Revenue- Other year Principal Interest Principal Interest Principal ___interest Actual 1987 $ _39,000 $64.,1 12 $15,000 $14625 $ $ 1988 39,1100 95,1411 1-5,000 10-,1+25 - - -- Future due in 1989 244,000 91,775 15,000 9,225 a - 1990 244x000 76,416 15,000 7,987 1991 2494000 61019_ 20,000 6,-750 1992 239, 00 45,014 211,0_00_ 5.,100 • 1993 233,000 29,077 2 ,000 3 400 1994 10,000 13,403 20,000 r 700 - 1995 10,000 12,402 1996 10,000 11,403 1997 10,000 10,377 • 1998 x+400 9,'353 1999 15,000 _7,815 , • 2000 15,000 ..64_2/C1 2001 .15,_0_00 -4,714 - -- _ 2002 1-5,000 3,150. 2003 :15,000 1,575 2004• 2005 - -- -- - - - 2006 ---- _ __ • • 2007& beyond ` Section 3: 410 Short-Term Debt Fiscal year ended: / / • Amount Dated Due Tax Anticipation Notes Delinquent Tax Notes --/ /— --r--/ Revenue Anticipation Notes —_/ /-- —/—/— Other Temporary Operating Loans Bond Anticipation Notes Grant Anticipation Notes _ /____ / Warrants _/____/ If any short-term debt has been issued since the close of the last fiscal year please indicate the type,amount,and maturity date. Type Note Amount _ Maturity Date $ --- -- -1 / $ _ ._v _ _______ -1 / Section 4: Future Borrowing Plans: Is the issuance of any short or long-term debt anticipated over the next year? If so,please specify the types and amounts. Type Amount Issues planned during 1989 Bonds authorized but unissued _ Any bond elections planned during 1989? ❑ Yes ❑ No Section 5: Overlapping Units: List the names of all overlapping units,i.e.,county,school districts, flood control districts (attach separate sheet if necessary). Tax Base Amount of Name %Overlapping Debt Outstanding Washington County $ ISD #834 ---- -- School District 916 Metro Council Mos ut._-- Stale i of Minnesota IIRA Transit Section 6: Regional Rail Authority Assessed Valuation: Last three years: *Beginning 1988 TAX CAPACITY VALUES are used instead of Assessed Valuation 1987 _ 1988* 19 89* Realty $ 53,623,632 $ 7,161,701 $ 6,990,588 Personal Property 920.,_587 114,560 124,501 Public Utilities Other Total Assessed Valuation $ 54,544,219 $ 7,276,261 $ 7,115,089 Assessment Ratio of Est. Ratio of Assessed to Market Value Not Amailable % Not Available% Not_Ava i1 ab_e% Section 7: Tax Rates per$1,000 Assessed Valuation: 19 87 19 88** 1989** This Unit for Debt Service $ _ $ .2 3 $ X09 This Unit Total Rate 17.034 13.781 17,409 School District (if any)#834 54.320 49.666 _ 42.846 County 28.407 2 ,�Q30_—_ 24.934 Largost Overlapping Municipality Met Council 4.911 _._.555___. .587_______ Other(describe) Srhnol Di s. 916 2.147 _ ,605 Mosquito .360 .286 HRA .207 .162 Transit 2.827 3.069 Regional Rail Authority .152 ** TAX CAPACITY RATE Tax Collection Data:Last threes S 19 89 19 88 99 87 Total Current Levy $ 1,031,733_ $ 923,_731_ _ $ 792,677 Current Actual Collected __ 983,752 , 774,069 _ Delinquent Taxes Collected _ 18_ 160 15,683 Total Collections 985,650_ 914,899 789,752 What is penalty rate for delinquent taxes? 10% on Homestead - 14% on Non-Homestead Section 8: • Describe any operating Tax Limitations and remaining margins available under these limits. No Limits Section 9:Major Taxpayers: Section 10: Major Employers: Current Assessed No.Employees Name Value(if avail.) Name (if avail.) 1. NSP $ 1. 2. _ __ 2. 3. 3. 4. 4. • 5. - 5. 6. — 6. 7. _. -- 7. 8. ___ 8. 9. 9. 10. - 10. Section 11: Employees and Pension System: Number of Full-time Employees at 12 31/ 89 11 Pensions:Please list number of employees covered,whether the system is administered locally,by the state or privately,the date of the last actuarial study,the funding method,and the amount of any unfunded liability. Last System Number Administered Actuarial Funding Unfunded Name _Covered By Study Method Liability Ass Pub Emp Ret n 15 State of MN $ • Section 12: School Data(If applicable): Grade provided by this district: NJA (Est.) 1988-89 1987-88 1986-87 1985-86 1984-85 Avg. Enrollment or ADA Number of Classroom Teachers School Capacity f' • • PLEASE PRINT OR TYPE All data herein was taken from the official records of this unit and are correct to the best of my knowledge. Judy L. Hoist, Deputy Clerk/Finance Director NAME AND TITLE OF OFFICIAL PREPARING THIS FORM 14168 57th St. N. , P.O. Box 2007 STREET ADDRESS Stillwater MN 55082-2007 CITY STATE ZIP CODE 612-439-4439 TELE. • REA CODE)NUMBER �! ,fir` 3 -9- yo SIGNA/OF PREP RER DATE If unit's CPA or registered municipal accountant assisted in the preparation of this information and Moody's is author- ized to contact your accountant for any clarification, please complete the following: Voto, Tautges, Redpath & Co. , Ltd. ACCOUNTANT 1310 E. Highway 96 STREET ADDRESS White Bear Lake MN 55110 CITY STATE ZIP CODE 612-426-3263 TELEPHONE(ARIA CODE)NUMBER • Moodys Investors Service 99 Church Street, New York, N.Y. 10007 i:►AK PARK HtitHTS UAIC PARK Htit HTS LAVONNt i ILA i;y CLIRKiiRtASURtR 141bd N. 57TH ST., 116A t+ull STILLnATt t $N 55L eZ 0000 S188 Dear Sir or Madam: We have started to compile Moody's 1988 Municipal &Government Manual and would appreciate your assistance in providing us with information requested on the enclosed form. In that bon ds of your community district now ow h have current Moody's rating, it is extremely important that we receive the most up- to-date financial and statistical data. Our failure to receive the information necessary to review your rating will result in the withdrawal of the rating by our rating committee. Please return this letter with the requested information. Should the above address require correction, please make all necessary changes. Your cooperation will be greatly appreciated. Sincerely yours, R-trt-t-11 QC Robert P. Hanson Freda Stern Ackerman Assistant Vice President Executive Vice President &Editor-in-Chief I Moody's Investors Se • #1 '99 Church Street, New work, N.Y. 10007 Telephone: (212) 553-0317 MUNICIPAL DEPARTMENT 1987 Statement of Information for Maintenance of Bond Rating and Entry for Moody's 1988 Municipal &Government Manual Annual Information Requirement INSTRUCTIONS:In order to maintain the currency of your rating, we require updated information. The completion of the checklist below and necessary sections together with the submission of a Comprehensive Annual Financial Report 1 and a Current Budget will fulfill our needs. The specific items we require are enumerated in the check list below.Please mark(x)all items"A"through"S"as either included or not included in your annual report,budget and/or other submitted document.For all items marked as"Not Included,"please refer to the appropriate section of the form and provide the data requested. Please fill in the Unit Description section and then complete the checklist. questions,write or call Moody's Municipal Department at the address or telephone number given above. If you have any ues p $� Y Y q � Y l� p Your Prompt Response To This Request Is Necessary To Sustain Your Rating. UNIT DESCRI' ION: . )77/6 11 1, '' Ii/ City Washington Name of Governmental Unit 1 Type of Government State of County of (eg:city,town,county spec.district, spec.authority) 2,591 3,669 1.5 2.04 Pop.(1980) Pop.(1987 Est.) Land Area sq.mi. Land Area sq.mi.: (1980) (Current)as of 19 8 (Note To School Districts And Special Districts:If available, please send a reference map outlining your district boundaries.) CHECK ALL ITEMS: Not Refer to Included Included Section A. Statement of bonded debt by purpose / 1 and security ./ B. Bonded debt schedule of future annual principal / maturities(separated by security type) ✓ 2 C. Annual bond interest requirements 0 (separated by security type) ✓ 2 D. Statement of short-term debt(notes,other) by security,amount and maturity dates 3 E. Future borrowing plans -/ 4 F. Statement of overlapping debt by issuer including share allocable to your tax base ✓ 5 G. Financial operating statement(all funds) • H. Balance sheet presentation(all funds) ✓ • I. Notes to financial statements (include description of basis of accounting) V • J. Current year budgeted operations ✓ • K. Last 3 years'assessed valuation(if available separate real,personal and other property) 6 L Last 3 years'assessment ratio and or property equalization ratio 6 • M. Last 3 years'tax rates,tax levies and tax collections by year and total ✓ 7 N. Description of any tax limitations for operating purposes 8 O. Current assessed value of each of the 5 largest taxpayers V 9 P. List of major employers located in your 10 jurisdiction and employment level at each V Q. Number employed by this unit of government ✓ 11 R. Statement regarding status of employee pension funds V 11 S. For school district only-annual 12 enrollments(for past 3 years and present year) •No sections are provided for this information. If not available in an annual report/budget, please submit appropriate alternative statements. Enterprise Operations: • a. Included in this package is an information form for each type of municipal enterprise for which Moody's has a separate bond rating. Please refer to each of these forms and fill in that information which is not otherwise included in your financial and budget reports. Representation of Finance Officer: Subject to the following exceptions,all maturing bonds,coupons and notes of this unit maturing after January 1, 1983 to this date and presented for payment have been punctually paid. Exceptions:(If none,please write"No Exceptions") No Exceptions Attachments:Please list the financial reports,budgets and any other documentation or attachments that are included in this submission. Annual Financial Report Section 1: Bonded Debt as of Fiscal Year Ended: _12_/_31.i 87 Have any bonds been issued since the end of the year? No General Describe Security- obligations (Special assessment (Indicate if sales tax,state loan limited or Lease FmHA,SBA,etc.) unlimited tax) Revenue Rental Amount Description General improvements $ 1,378,000 $ Schools Roads,Bridges,Tunnels - Sewerage - Water - Water&Sewer 129,000 - Electric - Hospital - Transp./Airport - Other - Total ' 1,378,000 125,000 •Limited to: Mills per$1,000 Assessed Valuation. If any of the above is supported by law or contract from revenues supplied by another governmental unit, attach a statement giving all relevant details. Section 2: Actual and Scheduled Bond Retirement(through final maturity): Fiscal General Obligation -Revenue-- Other year Principal Interest Principal Interest Principal Interest Actual 1986 $ 59,000 000 $43,942 942 $ 15,000 $ 12,787$787$ $ 1987 39,1)00 64,112 15,000 11,625 Future due in 1988 39,000 95, 140 15,000 10,425 1989 244.000 91 ,775 15,000 9,225 1990 244,000 76,416 15,000 X987 1991 249,000 61,019 20,000 .,750 1992 239,000 45,014 211,11110 -5,-100 1993 233,000 29,077 20,000 3,400 1994 10,000 13,403 20,000 1 ,700 1995 10,000 12,402 1996 10,000 11,403 1997 10,000 10,377 1998 15,000 9,353 1999 15.000 7,815 2000 15,000 6,270 2001 15,000 4,710 2002 15,000 3, 150 2003 15,000 1,575 • 2004 . 2005 2006 2007& beyond • • Section 3: Short-Term Debt Fiscal year ended: Amount Dated Due Tax Anticipation Notes ---/-- Delinquent Tax Notes Revenue Anticipation Notes ,/--./ --1---! Other Temporary Operating Loans --/--� --�--/ Bond Anticipation Notes --1---1 --�--/ Grant Anticipation Notes -/---� --1--/ Warrants —�---I —�--j If any short-term debt has been issued since the close of the last fiscal year please indicate the type,amount,and maturity date. Type Note Amount Maturity Date $ / ! $ / / Section 4: Future Borrowing Plans: Is the issuance of any short or long-term debt anticipated over the next year? No If so,please specify the types and amounts. Type Amount Issues planned during 1988 S Bonds Authorized but Unissued Any bond elections planned during 1988? 0 Yes 0 No Section 5: Overlapping Units--List the names of all overlapping units,i.e.,county,school districts,flood control districts (attach separate sheet if necessary). Tax Base Amount of Name %Overlapping Debt Outstanding Washington County $ ISD #834 School District 916 Metro Council State of Minnesota Section 6: Assessed Valuation--Last three years: 19 85 19 86 1911_ Realty $ 49,011, 167 $ 51.341,491 $ 53,623.632 Personal Property 875,867 873,803 920,587 Public Utilities Other Total Assessed Valuation $ 49,887,034 $ 52,215.294 $ 54.544.219 Assessment Ratio of -% X16 Est.Ratio of Assessed to Market Value Not Available% got Available% Not Available% Section 7: Tax Rates per$1,000 Assessed Valuation: 19 85 19 86 1987 This Unit for Debt Service $ 1,232 $ .449 S This Unit Total Rate 14,227 1 5.9 61 17 n a b School District(ifany) #834 50.548 54.083 54.320 County 29.663 28.637 28.407 Largest Overlapping Municipality Metro Council 5.720 4. 767 4.911 Other(describe) School Dist. 916 1. 160 1.396 2.147 • • Tax Collection Data--Last three years: 19 87 19 19 85 Total Current Levy $ 792,677 $ 722,273 $ 722,719 Current Actual Collected 774,069 7 05,913 711,193 Delinquent Taxes Collected 15,683 5,404 15 26 3 Total Collections 789,752 711,317 728,656 What is penalty rate for delinquent taxes? 10% on Homestead — 14% on Non—Homestead Section 8: Describe any operating Tax Limitations and remaining margins available under these limits. No Limits Section 9:Major Taxpayers Section 10:Major Employers Current Assessed No.Employees Name Value(If avail.) Name (if available) 1. $ 1. 2. 2. 3. 3. 4. 4. 5. 5. 6. _ 6. 7. 7. 8. 8. 9. 9. 10. 10. Section 11: Employees and Pension System Number of Full-time Employees at l 31/ 8 7 10 Pensions:Please list number of employees covered,whether the system is administered locally,by the state or privately,the date of the last actuarial study,the funding method and the amount of any unfunded liability. Last System Number Administered Actuarial Funding Unfunded Name Covered By Study Method Mobility Pub Emp Ret Assn 11 State of MN $ Section 12: School Data(If applicable): Grade provided by this district: N/A (Est.) 1986-87 1985-86 1984-85 1983-82 Avg.Enrollment or ADA Number of Classroom Teachers School Capacity L 4111 1110 PLEASE PRINT OR TYPE All data herein was taken from the official records of this unit and are correct to the best of my knowledge. Judy L. Hoist, Deputy Clerk/Finance Director NAME AND TITLE OF OFFICIAL PREPARING THIS FORM 14168 57th St. N. STREET ADDRESS Stillwater MN 55082-2007 CITY STATE DP CODE 612-439-4439 OF CODEAA19ft / �� May 3, DATE (RE, , , 1988 If unit's CPA or registered municipal accountant assisted in the preparation of this information and Moody's is author- ized to contact your accountant for any clarification,please complete the following: Voto, Tautges, Redpath & Co. , Ltd. ACCOUNTANT 1310 E. Highway 96 STREET ADDRESS White Bear Lake MN 55110 CITY STATE DP CODE 612-426-3263 MEMOS*(AREA CODE)NUMBER • • Moody s Investors Service 99 Church Street, New York, NY 10007 OAK PARK HEIGHTS OAK PARK HEIGHTS JUDY JOHNSON. DEPUTY CLERK 14168 ST. N. STILLWATER MN 55032 00008188 Dear Sir or Madam: We have started to compile Moody's dy's 1987 Municipal &Government Manual and would appreciate your assistance in providing us with information requested on the enclosed form. In that bonds of your community or district now have a current Moody's rating, it is extremely important that we receive the most up-to- date financial and statistical data. Our failure to receive the information necessary to review your rating will result in the withdrawal of the rating by our rating committee. Please return this letter with the requested information. Should the above address require correction, please make all necessary changes. Your cooperation will be greatly appreciated. Sincerely yours, t 456_ f? alt)lu_),) 1_, r f: Robert P. Hanson Freda Stern Ackerman Assistant Vice President Executive Vice President & Editor-in-Chief • 0 0 Moody's investors Service #1 99 Church Street, New York, N.Y. 10007 Telephone:(212)553-0317 MUNICIPAL DEPARTMENT 1986 Statement of Information for Maintenance of Bond Rating and Entry for Moody's 1987 Municipal&Government Manual Annual Information Requirement INSTRUCTIONS:In order to maintain the currency of your rating, we require updated information. The completion of the checklist below and necessary sections together with the submission of a Comprehensive Annual Financial Report and a Current Budget will fulfill our needs. The specific items we require are enumerated in the check list below.Please mark(x)all items"A"through"S"as either included or not included in your annual report,budget and/or other submitted document.For all items marked as"Not Included,"please refer to the appropriate section of the form and provide the data requested. Please fill in the Unit Description section and then complete the checklist. If you have any quest ions,write or call Moody's Municipal Department at the address or telephone number given above. Your Prompt Response To This Request Is Necessary To Sustain Your Rating. UNIT DESCRIPTION: OAK PARK HEIGHTS MN Washington OAK PARK HEIGHTS a of Government State of County of JUDY JOHNSON. DEPUTY CLERK city,town,county 14168 ST. N• HN 55082 spec.district, ST I L L W AT ER spec.authority) 00008188 2,591 3,421 1.5 2.04 Pop.(1980) Pop.(1986 Est.) Land Area sq.mi. Land Area sq.mi.: (1980) (Current)as of 19 (Note To School Districts And Special Districts:If available, please send a reference map outlining your district boundaries.) CHECK ALL ITEMS: Not Refer to Included Included Section A. Statement of bonded debt by purpose and security ✓ 1 B. Bonded debt schedule of future annual principal maturities(separated by security type) 2 C. Annual bond interest requirements (separated by security type) ✓ 2 D. Statement of short-term debt(notes,other) by security,amount and maturity dates V. 3 E. Future borrowing plans V. 4 F. Statement of overlapping debt by issuer including share allocable to your tax base ✓ 5 G. Financial operating statement(all funds) ✓ • H. Balance sheet presentation(all funds) / • I. Notes to financial statements (include description of basis of accounting) 7 * J. Current year budgeted operations / * . K. Last 3 years'assessed valuation(if available . separate real,personal and other property) ✓ 6 L Last 3 years'assessment ratio and or property equalization ratio 17 6 M. Last 3 years'tax rates,tax levies and tax collections by year and total ✓ 7 N. Description of any tax limitations / for operating purposes ✓ 8 O. Current assessed value of each of the 5 largest taxpayers ✓ 9 P. List of major employers located in your jurisdiction and employment level at each '/ 10 Q. Number employed by this unit of government ! 11 R. Statement regarding status of / employee pension funds ✓ 11 S. For school district only-annual / enrollments(for past 3 years and present year) y 12 ',No sections are provided for this information. If not available in an annual report/budget, please submit appropriate alternative statements. 1 • , • .. Enterprise Operations: Included in this package is an information form for each type of municipal enterprise for which Moody's has a separate bond rating. Please refer to each of these forms and fill in that information which is not otherwise included in your financial and budget reports. Representation of Finance Officer: . Subject to the following exceptions,all maturing bonds,coupons and notes of this unit maturing after January 1, 1983 to this date and presented for payment have been punctually paid. /- Exceptions:(If none,please write"No Exceptions") No Exceptions Attachments:Please list the financial reports,budgets and any other documentation or attachments that are included in this submission. Annual Financial Report Section 1: Bonded Debt as of Fiscal Year Ended: 12 i_lJ 86 Have any bonds been issued since the end of the year? No General Describe Security- obligations (Special assessment ' (Indicate if sales tax,state loan 'limited or Lease FmHA,SBA,etc.) unlimited tax) Revenue Rental Amount Description General improvements $ 422,000 $ $ _ $ Schools Roads,Bridges,Tunnels Sewerage Water _ Water&Sewer 140,000 Electric _ Hospital Transp./Airport Other Total 422,000 140000 •Limited to: Mills per$1,000 Assessed Valuation. If any of the above is supported by law or contract from revenues supplied by another governmental unit, attach a statement giving all relevant details. Section 2: Actual and Scheduled Bond Retirement(through final maturity): Fiscal General Obligation -Revenue- Other year Principal Interest Principal interest Principal Interest Actual 1985 $ 59,000 $48,267 $15,000 $13,950s s _____ . 1986 59,000 43,942 15,000 17,787 - Future due in 1987 39,000 39,575 15,000 1.1,625 - 1988 39,000 36,250 15,000 •4425 - 1989 44,000 32,885 15,000 .9-,-225 - 1990 44,000 31,026 15,n00 -7,487 1991 49,000 25,129 20,000 .6.,.250 - . 1992 39,000 20,924 20,000 000 5_,1.00 - 1993 38,000 ]6,987 20,flpp .,-400 1994 10,000 ]3,403 211,0.0.0 1,700 - 1995 10,000 12,402 1996 10,000 1.4403 - 1997 10,000 1.0,377 _____ • 1998 15,000 14,353 1999 15,000 12,815 .- -.- 2000 15,0110 11,2.7.0 - 2001 15,000 .9,710 - - 2002 15,000 8. 150 - - 2003 15,003 6,575 - - - 2004 - 2005 ._ - 2006& beyond - - • • Section 3: Short-Term Debt Fiscal year ended: Amount Dated Due Tax Anticipation Notes Delinquent Tax Notes Revenue Anticipation Notes —�—/ --/--1 Other Temporary Operating Loans Bond Anticipation Notes –/— Grant Anticipation Notes /_J ---/---� Warrants If any short-term debt has been issued since the close of the last fiscal year please indicate the type,amount,and maturity ' date. Type Note Amount Maturity Dote $ / / Section 4: Future Borrowing Plans: Is the issuance of Finy short or long-term debt anticipated over the next year? If so,please specify the types and amounts. Type Amount Issues planned during 1987 S Bonds Authorized but Unissued Any bond elections planned during 1987? ❑ Yes ❑ No Section 5: Overlapping Units--List the names of all overlapping units,i.e.,county,school districts,flood control districts (attach separate sheet if necessary). Tax Base Amount of Name %Overlapping Debt Outstanding Washington County $ ISD #834 School Dist. 916 Metro Council State of Minnesota Section 6: Assessed Valuation--Last three years: 19$4 .19 85 I9 Realty $ 49,052,999 $ 49,011,167 $ 51,341,491 Personal Property 850,000 875,867 873.803 _ Public Utilities Other Total Assessed Valuation $ 49,903,582. $ 49,887,034 $ 52,215,294 Assessment Ratio of Est.Ratio of Assessed to Market Value Not Available % Not Avail ah1 P_% Not Available % Section 7: • Tax Rates per$1,000 Assessed Valuation: 19 84 19115_ 1986 This Unit for Debt Service S 1.548 $ 1.232 S ,461 This Unit Total Rate 13.919 14.227 15 969' School District(if any) #834 48.000 50.548 54.083 County 27.201 29.663 28.637 _ Largest Overlapping Municipality Metro Council 4.738 5.720 4.767 Other(describe)_School Dist. 916 1.473 1.160 1 _19F, • Tax Collection Data--Last three years: 19 86 19 85 19 84 Total Current Levy $ 722,273 $ 722,719 $ 696,639 Current Actual Collected 705,913 713,393 _ , 680,144 Delinquent Taxes Collected _ 5,404 15,263 10.420 Total Collections 711,317 728,656 690,564 What is penalty rate for delinquent taxes? 10% on Homestead - 14% on Non-Homestead Section 8: Describe any operating Tax Limitations and remaining margins available under these limits. No Limits Section 9:Major Taxpayers Section 10:Major Employers Current Assessed No.Employees Name Value(If avail.) Name (if available) 1. $ 1. 2. 2. 3. 3. 4. 4. 5. 5. 6. 6. 7. _ 7. 8. 8. 9. 9. 10. 10. Section 11: Employees and Pension System Number of Full-time Employees at 12/31/ 86 9 Pensions:Please list number of employees covered,whether the system is administered locally,by the state or privately,the date of the last actuarial study,the funding method and the amount of any unfunded liability. Last System Number Administered Actuarial Funding Unfunded Name Covered By Study Method Liability Pub Emp Ret Ass'n 12 State of MN $ Section 12: School Data(If applicable): Grade provided by this district: N/A (Est.) 1985-86 1984-85 1983-84 1982-81 Avg.Enrollment or ADA • Number of Classroom Teachers School Capacity 410 • PLEASE PRINT OR TYPE All data herein was taken from the official records of this unit and are correct to the best of my knowledge. Judy L. Johnson, Deputy Clerk/Finance Director NAME AND TITLE OF OFFICIAL PREPARING THIS FORM SIRE Stillwater MN 55082-2007 CITY STATE ZIP CODE 612-439-4439 TEL (AREACODE) L Lc'( f— -� � May 8, 1987 of PARER DATE • If unit's CPA or registered municipal accountant assisted in the preparation of this information and Moody's is author- ized to contact your accountant for any clarification,please complete the following: Voto, Tautges, Redpath & Co. , Ltd. ACCOUNTANT 1310 E. Highway 96 STREET ADDRESS White Bear Lake MN 55110 CITY STATE ZIP CODE 612426-3263 TELEPHONE(AREA CODE)NIMABER • • • 40 • Moody's Investors Service 99 Church Street,New York,N.Y. 10007 212-553-0300 OAK PARK _HEIGHTS OAK PARK.:44E.IGhT.5 JU©Y JOHNSON, DEPUTY CLERK N 14168 ST. N. S.T1LLWATER MN 53082 nanny l AA Dear Sir or Madam: We have started to compile Moody' s 1986 Municipal & Government Manual. and would appreciate your assistance in providing us with information requested on the enclosed form. Should bonds of your community or district now have a current Moody' s rating, it is extremely important that we receive the most up-to-date financial and statistical data. Our failure to receive the information necessary to review your rating will result in the withdrawal of the rating by our rating committee. Please return this letter with the requested information. Should the above address require correction, please make all necessary changes. Your cooperation will be greatly appreciated. your , -r!� Y Y s Robert P. Hanson Freda Stern Ackerman Assistant Vice President Executive Vice President & Editor-in-Chief FSA:mc • i• Moody's Investors Service #1 99 Church Street, New York, N.Y. 10007 Telephone: (212) 553-0317 MUNICIPAL DEPARTMENT 1985 Statement of Information for Maintenance of Bond Rating and Entry for Moody's 1986 Municipal&Government Manual Annual Information Requirement • INSTRUCTIONS:In order to maintain the currency of your rating, we require updated information. The completion of the checklist below and necessary sections together with the submission of a Comprehensive Annual Financial Report and a Current Budget will fulfill our needs. • The specific items we require are enumerated in the check list below.Please mark(x)all items"A"through"S"as either included or not included in your annual report,budget and/or other submitted document.For all items marked as"Not Included,"please refer to the appropriate section of the form and provide the data requested. Please fill in the Unit Description section and then complete the checklist. If you have any questions, write or call Moody's Municipal Department at the address or telephone number given above. Your Prompt Response To This Request Is Necessary To Sustain Your Rating. UNIT DESCRIPTION: City of Oak Park Heights City MN Washington Name of Governmental Unit Type of Government State of County of (eg:city,town,county spec.district, spec.authority) _2,591 2,764 1.5 1.875 Pop.(1980) Pop.(1984 Est.) Land 980rea sq.mi. Land Area as sq.of mi.: '? v�/ (Note To School Districts And Special Districts:If available, please send a reference map outlining your district boundaries.) CHECK ALL ITEMS: Not Refer to Included Included Section ' A. Statement of bonded debt by purpose and security 1 B. Bonded debt schedule of future annual principal maturities(separated by security type) 2 C. Annual bond interest requirements (separated by security type) 2 D. Statement of short-term debt(notes,other) by security,amount and maturity dates V 3 E. Future borrowing plans V 4 F. Statement of overlapping debt by issuer including share allocable to your tax base .." 5 G. Financial operating statement(all funds) ✓ • H. Balance sheet presentation(all funds) ." I. Notes to financial statements (include description of basis of accounting) ✓ * J. Current year budgeted operations '✓ * K. Last 3 years'assessed valuation(if available separate real,personal and other property) ✓ 6 L. Last 3 years'assessment ratio and or property equalization ratio 6 M. Last 3 years'tax rates,tax levies and tax collections by year and total !, 7 N. Description of any tax'limitations for operating purposes '� 8 P gP Po O. Current assessed value of each of the 5 largest taxpayers 'r 9 P. List of major employers located in your jurisdiction and employment level at each i.." 10 H. Number employed by this unit of government ✓ 11 R. Statement regarding status of employee pension funds ✓ 11 S. For school district only-annual enrollments(for past 3 years and present year) ✓ 12 * No sections are provided for this information. If not available in an annual report/budget, please submit appropriate alternative statements. • Enterprise Operations: ti Included in this package is an information form for each type of municipal enterprise for which Moody's has a separate bond rating. Please refer to each of these forms and fill in that information which is not otherwise included in your financial and budget reports. Representation of Finance Officer: Subject to the following exceptions,all maturing bonds,coupons and notes of this unit maturing after January 1, 1983 to this date and presented for payment have been punctually paid. Exceptions:(If none,please write No Exceptions") No Exceptions • Attachments:Please list the financial reports, budgets and any other documentation or attachments that are included in this submission. Annual Financial Report • Section 1: • Bonded Debt as of Fiscal Year Ended: 12/_31/ 85 • Have any bonds been issued since the end of the year? no General Describe Security- obligations (Special assessment (Indicate if soles tax,state loan 'limited or Lease FmHA,SBA,etc.) unlimited tax) Revenue Rental Amount Description General improvements $ 481,.000. $ $ $ Schools Roads,Bridges,Tunnels - �. Sewerage Water Water&Sewer 155,000 Electric Hospital Transp./Airport _ Other Total 481,000 155,000 *Limited to:_ Mills per$1,000 Assessed Valuation. If any of the above is supported by law or contract from revenues supplied by another governmental unit, attach a statement giving all relevant details. Section 2: • Actual and Scheduled Bond Retirement(through final maturity): Fiscal General Obligation Revenue-- Other year Principal Interest Principal Interest Principal Interest Actual 1984 $160,000 $ 93,490 $ 10,000 $ 14,700$ $ 1985 59,000 48,267 15,000 13,950 - Future due in due 1986 59,000 43,942 15,000 12 787 .� 1987 39,000 39.575 15.000 11,625 1988 -X9.3 0 36-3-250 15'000, 10,'125 1989 44,000 32,885 15°000 9225 - 1990 44,000 39,026 15,000 7987 1991 49,000 39,000 25,129 20,924 2020,000 3;100 1992 1993 -38,000 16,987 20,000 3400 • 1994 10,000 13,403 21),000 _4700 1995 ..U,000 1-2-,402 1996 10,000 11,403 1997 10,000 10,377 .� 1998 15,000 14,353 1999 15,000 12,815 2000 15 X000 11.270 _ 2001 15,000 9,710 2002 15,000 8,150 2003 15,000 6,575 _. 2004 - 2005& beyond - I Section 3: Short-Term Debt Fiscal year ended: Amount Dated Due Tax Anticipation Notes Delinquent Tax Notes Revenue Anticipation Notes 1^/— Other Temporary Operating Loans —/ /— —�—�—_ Bond Anticipation Notes �/ /— —/—/ Grant Anticipation Notes — —/—/— —/—�- Warrants — —�—/— —If any short-term debt has been issued since the close of the last fiscal year please indicate the type,amount,and maturity date. Type Note Amount Maturity Date — — -- $ --/ /- - -- — — — — $ (—/- Section 4: Future Borrowing Plans: Is the issuance of any short or long-term debt anticipated over the next year? if so,please specify the types and amounts. Type Amount Issues planned during 1986 Bonds Authorized but Unissued — • Any bond elections planned during 1986? ❑ Yes ❑ No • Section 5: Overlapping Units--List the names of all overlapping units,i.e.,county,school districts,flood control districts (attach separate sheet if necessary). • Tax Base Amount of _ _ Name %Overlapping Debt Outstanding• Washington County _ _ $ ISD #834 Schoo3 Dis.916 Metro Council State of Minnesota Section 6: Assessed Valuation--Last three years: ■ 19 83 1984 19—. Realty $ 45,753,661 $ 49,052,999 $49,011,167 Personal Property 844,907 850,000 875,867 Public Utilities Other Total Assessed Valuation $ 46,251,362 $ 49,903,582 $49,887)0 34 Assessment Ratio of Est. Ratio of Assessed to Market Value Not Available% Not Available% Not Available_% Section 7: Tax Rates per$1,000 Assessed Valuation: 1983 19 84 1985 This Unit for Debt Service $ 1.621 $ 1.548 $ 1,232 This Unit Total Rate 14,485 13.919 14,227 School District(if any)#834 47.855 48.000 50.548 County 27.818 27.201 29.663 Largest Overlapping MunicipalityMetro Council 4.487 4.738 5.720 Other(describe). School Dist. 916 1.307 1.473 1.160 S Tax Collection Data-- Last three years: 19 85 99 84 1983 Total Current Levy $ 722,719 $ 696,639 g 605,259 Current Actual Collected 713,393 680,144 _594,566 Delinquent Taxes Collected 15,263 • 10,420 10,778 Total Collections. 728,656— 690,564 605,344 What is penalty rate for delinquent taxes? 10% on Homestead – 14% on Non–Homestead Section 8: Describe any operating Tax Limitations and remaining margins available under these limits. No Limits • Section 9: Major Taxpayers Section 10:Major Employers Current Assessed No.Employees Name Value(If avail.) Name (if available) 1. -- — $ 1. 2. — — 2. 3. — — — 3. 4. _ 4. 5. — 5. • 6. - - -- — 6. 7. — _ 7. 8. 8. 9. _ 9. 10. _ 10. Section 11: Employees and Pension System • Number of Full-time Employees at 12 /31 /_85 9 Pensions: Please list number of employers covered, whether the system is administered locally,by the state or privately, the date of the last actuarial study,the funding method and the amount of any unfunded liability. Last System Number Administered Actuarial Funding Unfunded Name Covered _ By Study Method Liability Pub Emp Ret Ass'n 12 State of MN $ • Section 12: School Data(If applicable): Grade provided by this district: —______N A___ • (Est.) 1984-85 1983-84 1982-83 1981-80 Avg. Enrollment or ADA _ Number of Classroom Teachers --- — School Capacity - -- • • • • r 0 PLEASE PRINT OR TYPE All data herein was taken from the official records of this unit and are correct to the best of my knowledge. Judy Johnson, Deputy Clerk NAME AND TITLE OF OFFICIAL PREPARING THIS FORM 14168 57th St, N. STREET ADDRESS Oak Park Heights _ MN 55082-2007 CITY STATE ZIP CODE 612-439-4439 T PHONE(AREA COD U .+J / �S NATURE PRE ARER / ��.1 ! `+� DATE A If unit's CPA or registered municipal accountant assisted in the preparation of this information and Moody's is author- ized to contact your accountant for any clarification,please complete the following: Voto, Reardon, Tautges & Co. , Ltd. ACCOUNTANT 1310 E. Highway 96 STREET ADDRESS White Bear Lake MN 55110 CITY STATE ZIP CODE 612-426-3263 TELEPHONE(AREA CODE)NUMBER • NV MOODY' S I E ORS SERVICE #1 99 Church Street, New York, N.Y. 10007 Telephone: (212) 553-0317 MUNICIPAL DEPARTMENT 1984 STATEMENT OF INFORMATION FOR MAINTENANCE OF BOND RATING AND ENTRY FOR MOODY'S 1985 MUNICIPAL & GOVERNMENT MANUAL ANNUAL INFORMATION REQUIREMENT INSTRUCTIONS: In order to maintain the currency of your rating, we require updated information. The completion of the checklist below and necessary sections together with the submission of a COMPREHENSIVE ANNUAL FINANCIAL REPORT and a CURRENT BUDGET will fulfill our needs. The specific items we require are enumerated in the check list below. Please mark (x) all items 'A' through 'S' as either included or not included in your annual report, budget and/or other submitted document. For all items marked as not included please refer to the appropriate section of the form and provide the data requested. Please fill in the Unit Description section and then complete the checklist. If you have any questions, write or call MOODY'S MUNICIPAL DEPARTMENT at the address or telephone number given above. YOUR PROMPT RESPONSE TO THIS REQUEST IS NECESSARY TO SUSTAIN YOUR RATING. UNIT DESCRIPTION: City of Oak Park Heights City MN Washington Name of Government Unit Type of government State of County of (eg: city, town, county spec. district, spec. authority) 2,591 2,598 1.5 1.875 Pop. (1980) Pop. (1984 Est. ) Land Area sq.mi. Land Area sq.mi . : (1980) (Current) as of 1984 . (NOTE TO SCHOOL DISTRICTS AND SPECIAL DISTRICTS: If available, please send a reference map outlining your district boundaries) CHECK ALL ITEMS: NOT REFER TO INCLUDED INCLUDED SECTION a) Statement of bonded debt by purpose / and security J 1 b) Bonded debt schedule of future annual principal maturities (separated by security type) 2 c) Annual bond in.terest requirements (separated by security type) / 2 d) Statement of short-term debt (notes, other) by security, amount and maturity dates / 3 e) Future borrowing plans _ 1/ 4 f) Statement of overlapping debt by issuer including share allocable to your tax base / 5 g) Financial operating statements (all funds) ✓ • h) Balance sheet presentation (all funds) ✓ i) Notes to financial statements (include description of basis of accounting) ,../// _ * j) Current year budgeted operations ✓ k) Last 3 years' assessed valuation (if available separate real , personal and other property) 6 1) Last 3 years' assessment ratio and or property equalization ratio ✓ 6 m) Last 3 years' tax rates, tax levies and tax collections by year and total ✓ 7 n) Description of any tax limitations for ✓ operating purposes 8 • o) Current assessed value of each of the l 9 5 largest taxpayers p) List of major employers located in your jurisdiction and employment level at each 10 q) Number employed by this unit 11 of government r) Statement regarding status of / employee pension funds ✓ 11 s) For school districts only - annual enrollments / (For past 3 years and present year) ,/ 12 * No sections are provided for this information. If not available in an annual report/budget, please submit appropriate alternative statements. ENTERPRISE OPERATIONS: Included in this package is an information form for each type of municipal enterprise for which Moody's has a separate bond rating. Please refer to each of these forms and fill in that information which is not otherwise included in your financial and budget reports. REPRESENTATION OF FINANCE OFFICER Subject to the following exceptions, all maturing bonds, coupons and notes of this unit maturing after January 1 , 1983 to this date and presented for payment have been punctually paid. Exceptions: (If none, please write "No Exceptions") No Exceptions Attachments: Please list the financial reports, budgets and any other documentation or attachments that are included in this submission. Annual Financial Report SECTION 1 BONDED DEBT AS OF FISCAL YEAR ENDED: o 12 / 31 / 84 Have any bonds been issued since the end of the year? Security Other General Describe Security- Obligations (Special Assessment (indicate if Sales tax, State loan limited or Lease FmHA, SBA, etc. ) unlimited tax*) Revenue Rental Amount Description General improvements 540,000 Schools Roads, Bridges, Tunnels Sewerage Water Water & Sewer 170,000 Electric Hospital Transp./Airport Other TOTAL 540,000 170,000 * Limited to: Mills Per $1 ,000 Assessed Valuation. If any of the above is supported by law or contract from revenues supplied by another governmental unit, attach a statement giving all relevant details. • . 0 • SECTION 2: ACTUAL AND SCHEDULED BOND RETIREMENT (through final maturity) Fiscal Year --General Obligation-- Revenue Other p Interest Principal Interest Principal Interest Principal Actual 1983 155,000 97,087.50 10,000 15,450.00 1984 160,000 93,490.39 10,000 14,700.00. Future due in 1985 59,000 48,2.67 , 15,000 13,950.00 1986 59 000 41 942 15,000 12,787.50 1987 39;000 39.575 15,000 11,625.00 1988 39,000 36,250 15,000 10,425.00 1989 44,000 32,885 15,000 9,225.00 1990 44,000 39,026 15,000 7,987.50 _ 1991 49,000 ' 25,129 20,000 6,750.00 1992 39,000 20,924 20,000 5,100.00 1993 38,000 16,987 20 000 1,400.00 1994 10,000 1. 3,403 20 ,000 1;700.00 _ 1995 10,000 12,402 1996 10,000 11,403 . 1997 10,000 10,377 1998 15,000 14,353 - 1999 15,000 12,815 2000 '15;004 ' 11,970 2001 15,000 9,710 2002 . 15,000 8,150 2003 15,000 6,575 2004 & . beyond SECTION 3: SHORT-TERM DEBT: Fiscal year ended: Amount Dated Due • Tax Anticipation Notes _/_/ _/ /_ Delinquent Tax Notes _/ /_ _/+_/_ Revenue Anticipation Notes _/_/_ _/ / Other Temporary - - Operating Loans _/_/ _/_/_ Bond. Anticipation Notes _/ / _/ / Grant Anticipation Notes _/ / /r/- Warrants /- /- -/^/- If any short-term debt has been issued since the close of the last fiscal year please indicate the types amount and maturity dates. Type Note Amount Maturity Date $ / / - - - ` SECTION 4: Is the issuance of any short or long-term debt anticipated over the next year? If so, please specify the types, and amounts. Future Borrowing Plans: Type Amount Issues planned during 1985 $ Bonds authorized but unissued . Any bond elections planned during 1985? SECTION 5: OVERLAPPING UNITS--List the names of all overlapping units, i .e. , county, school districts, flood control districts (attach separate sheet if necessary) . Tax base Name % Overlapping Amount of Debt Outstanding Washington County $ ISD #834 School Dist. 916 Metro Council State of Minnesota • SECTION 6: ASSESSED VALUATION--Latest three year19 82 19 83 1984 Realty $ 43,M,451 $ 45,7 °3,661 $ 49,052,999 Personal property 801,911 844,907 850,000 Public utilities Other Total Assessed valuation $ 46,598,568 $ 46,251.362 $49,903,582 Assessment Ratio or _ _% _% - _% Est. Ratio of Assessed to Market Value 98 6% 98.6 % 986 % �-. SECTION 7: 1982 1983 1984 TAX RATES PER $1,000 ASSESSED VALUATION Year: This Unit for Debt Service 1.602 1,621 1.548 This Unit Total Rate 14.241 14485 13.919 School District ( if any) #834 47.746 47.855 48.000 County 24.202 27.818 27,201 Largest Overlapping Municipality Metro Council 4.131 4.487 4.738 Other (describe)' School Dist. 916 1.692 1.307 1.473 HRA .197 TAX COLLECTION DATA--Latest three years $ 12•/3.1/84 $ 12/31/83 $ 12/31/82 Total Current Levy 696,639 605,259 521,081 Current Actual Collected 680,144 594,566 506,668 Delinquent Taxes Collected 10,420 10,778 4,756 Total Collections 690,564 605,144 511,494 What is penalty rate for delinquent taxes? 10% on Homestead - 14% on Non-Homestead SECTION 8: Describe any operating TAX LIMITATIONS and remaining margins available under these limits. No Limits SECTION 9: Major Taxpayers SECTION 10: Major Employers Name Current Assessed Name No. Employees Value (if avail . ) (if available) 1 . $ 1 . $ 2. 2. 3. 3. 4. 4. 5. 5. 6. 6. 7. 7. 8. 8. 8. 9. 10. 10. SECTION 11: EMPLOYEES AND PENSION SYSTEM Number of Full-time Employees at 12 31 84 8 PENSIONS: Please list number of employers covered, whether the system is adminstered locally, by the state or privately, the date of the last actuarial study, the funding method and the amount of any unfunded liability. Last System Number Administered Actuarial Funding Unfunded Name Covered by Study Method Liability Public Emp Ret. Assn 11 State of MN SECTION 12 SCHOOL DATA (If Applicable) Grades Provided by this District: N/A (Est. ) 1984-85 1983-84 1982-83 1981-80 Avg. Enrollment or ADA Number of Classroom Teachers School Capacity • • PLEASE PRINT OR TYPE All data herein was taken from the official records of this unit and are correct to the best of my knowledge. Judy Johnson, Deputy Clerk NAME AND TITLE OF OFFICIAL PREPARING THIS INFORMATION 14168 57th St. N. STREET ADDRESS Oak Park Heights MN 55082 CITY STATE ZIP CODE TELEPHONE (AREA CODE) NUMBER (614-439-4439 3-11-85 c�,C DATE ( SIGNA#b OF PREPARER If unit's CPA or registered municipal accountant assisted in the preparation of this information and Moody's is authorized to contact your accountant for any clarification, please complete the following: Voto, Reardon, Tautges & Co. , Ltd. ACCOUNTANT 1310 E. Highway 96 STREET ADDRESS White Bear Lake, MN 55082 CITY STATE ZIP CODE TELEPHONE (AREA CODE) NUMBER (612r426-3263 •