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Home My WebLink AboutCouncil Information Memorandum 06-06-2019CITY OF PLYMOUTH COUNCIL INFO MEMO June 6, 2019 EVENTS / MEETINGS Environmental Quality Committee Agenda for June 12 ........................................ Page 2 Parks and Recreation Advisory Commission Agenda for June 13 .............................. Page 3 Official City Meeting Calendars .................................................................... Page 4 Tentative List of Agenda Items ..................................................................... Page 7 CORRESPONDENCE Entertainment in the Parks Begins June 13 .................................................... Page 10 Planned Unit Development (PUD) Amendment for McDonald's, 2705 Annapolis Circle (2019025) ............................................................... Page 12 Planned Unit Development Amendment for 2955 Xenium Lane, 2800 Campus Drive and 2905 Northwest Boulevard (2019029) ............................ Page 13 Conditional Use Permit for Fourth Baptist Church Located at 900 Forestview Lane North (2019035) ........................................................ Page 14 Conditional Use Permit Amendment for Armstrong High School, 10635 36th Avenue (2019040) ................................................................. Page 15 REPORTS & OTHER ARTICLES OF INTEREST Suburban Leaders Allowing Larger, Denser Developments in This Building Boom, Star Tribune .......................................................... Page 16 Dominium Proposes Affordable Housing and Retail on Former Mall Site in Plymouth, Finance & Commerce ....................................... Page 21 Dominium Revives Redevelopment of Four Seasons Mall in Plymouth with Affordable-Housing Pitch, Minneapolis/St. Paul Business Journal ....................... Page 24 $130M Housing Project Pitched for Shuttered Mall Site in Plymouth, Star Tribune ...... Page 26 U.S. Rep. Dean Phillips Sees Need to Help Cities Lacking State Funding, Star Tribune . Page 28 Monthly Financial Report ......................................................................... Page 30 CITY OF PLYMOUTH AGENDA Environmental Quality Committee June 12, 2019, 7:00 PM Plymouth City Hall – Medicine Lake Room A 1.CALL TO ORDER 2.PUBLIC FORUM – Individuals may address the Committee about any item not contained on the regular agenda. A maximum of 15 minutes is allotted for the Forum. If the full 15 minutes are not needed for the Forum, the Committee will continue with the agenda. The Commission will take no official action on items discussed at the Forum, with the exception of referral to staff for future report. 3.APPROVE AGENDA – Environmental Quality Committee members may add items to the agenda for discussion purposes or staff direction only. The Environmental Quality Committee will not normally take official action on items added to the agenda. 4.CONSENT AGENDA – These items are considered to be routine and will be enacted by one motion. There will be no separate discussion of these items unless a Committee member or citizen so requests, in which event the item will be removed from the Consent Agenda and placed elsewhere on the agenda. 4.1 Approve May 8, 2019 Environmental Quality Committee Meeting Minutes 5.GENERAL BUSINESS 5.1 5.2 Green Step Cities – Next Steps (LaBounty) Wetland & Stormwater Ordinance Update (LaBounty) 6.REPORTS AND STAFF RECOMMENDATIONS 7.FUTURE MEETINGS 7.1 July 10, 2019: MS4 Annual Public Hearing 8.ADJOURNMENT Page 2 PARKS AND RECREATION ADVISORY COMMISSION MEETING AGENDA 1.CALL TO ORDER 2.APPROVAL OF MINUTES 3.OPEN FORUM: 4. VISITOR PRESENTATIONS (NON-ACTION ITEMS): 4a. Historical Society update (Dr. Natasha Thoreson) 4b. Plymouth Creek Center Operations (PCC Staff Chris Fleck & Angie Dehn) 5.NEW BUSINESS (ACTION ITEMS): 5a. Plymouth Creek Center Renovation/Expansion Project Update (HGA) 5b. Updated PRAC Meeting Schedule 6.COMMISSIONER/STAFF UPDATE Upcoming Community/Special Events 7.ADJOURNMENT DATE & TIME: Thursday, June 13, 2019 7:00pm LOCATION: PLYMOUTH CREEK CENTER 14800 34TH Avenue North, Plymouth, Minnesota 55447 Page 3 SUN MON TUE WED THU FRI SAT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 7:00 PM PLANNING COMMISSION MEETING Council Chambers 20 21 22 23 24 25 26 27 28 29 June 2019 3400 Plymouth Boulevard Plymouth, MN 55447 OFFICIAL CITY CALENDAR Phone: 763-509-5000 Fax: 763-509-5060 5:00 PM SPECIAL COUNCIL MEETING Preliminary Budget Discussion Snow/Ice Policy Medicine Lake Room 7:00 PM REGULAR COUNCIL MEETING Council Chambers 7:00 PM ENVIRONMENTAL QUALITY COMMITTEE MEETING Medicine Lake Room 5:00 PM SPECIAL COUNCIL MEETING Economic Development Workshop Medicine Lake Room 7:00 PM PARK & REC ADVISORY COMMISSION MEETING Plymouth Creek Center 5:30 PM SPECIAL COUNCIL MEETING Plymouth Creek Center Expansion Medicine Lake Room 7:00 PM PLANNING COMMISSION MEETING Council Chambers SUN TUES MON WED THUR FRI SAT CHANGES ARE NOTED IN RED 5:00 PM SPECIAL COUNCIL MEETING Plymouth Creek Center Expansion Medicine Lake Room 5:30 PM SPECIAL COUNCIL MEETING Fire Station Space Needs & Design Recommendations Medicine Lake Room 7:00 PM REGULAR COUNCIL MEETING Council Chambers 7:00 PM HOUSING AND REDEVELOPMENT AUTHORITY MEETING Parkers Lake Room 30 Page 4 SUN MON TUE WED THU FRI SAT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 7:00 PM PLANNING COMMISSION MEETING Council Chambers 18 19 20 21 22 23 24 25 26 27 28 29 30 31 July 2019 3400 Plymouth Boulevard Plymouth, MN 55447 OFFICIAL CITY CALENDAR Phone: 763-509-5000 Fax: 763-509-5060 SUN TUES MON WED THUR FRI SAT 7:00 PM HOUSING AND REDEVELOPMENT AUTHORITY MEETING Parkers Lake Room 5:00 PM SPECIAL COUNCIL MEETING Plymouth Creek Center Expansion Medicine Lake Room 7:00 PM REGULAR COUNCIL MEETING Council Chambers INDEPENDENCE DAY CITY OFFICES CLOSED 7:00 PM ENVIRONMENTAL QUALITY COMMITTEE MEETING Medicine Lake Room 5:30 PM - 10:30 PM Music in Plymouth Hilde Performance Center Page 5 SUN MON TUE WED THU FRI SAT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 5:30 PM SPECIAL COUNCIL MEETING Budget/CIP Medicine Lake Room 21 22 23 24 25 26 27 28 29 30 31 August 2019 3400 Plymouth Boulevard Plymouth, MN 55447 OFFICIAL CITY CALENDAR Phone: 763-509-5000 Fax: 763-509-5060 7:00 PM PLANNING COMMISSION MEETING Council Chambers 7:00 PM HOUSING AND REDEVELOPMENT AUTHORITY MEETING Parkers Lake Room SUN TUES MON WED THUR FRI SAT 7:00 PM REGULAR COUNCIL MEETING Council Chambers CHANGES ARE NOTED IN RED 5:30 PM SPECIAL COUNCIL MEETING Budget/CIP Medicine Lake Room 7:00 PM REGULAR COUNCIL MEETING Council Chambers 7:00 PM PLANNING COMMISSION MEETING Council Chambers 7:00 PM ENVIRONMENTAL QUALITY COMMITTEE MEETING Medicine Lake Room Page 6 Tentative Schedule for City Council Agenda Items June 18, Special, 5:00 p.m. Medicine Lake Room • Plymouth Creek Center expansion June 25, Special, 5:30 p.m. Medicine Lake Room • Fire Station space needs and design recommendations June 25, Regular, 7:00 p.m. Council Chambers • Tribute to K-9 Stryker and Officer Matt Gliniany (Stryker retiring end of month) • Receive legislative update • Agree to grant terms and conditions of the State Transportation Fund (Local Road Improvement Program) and approve grant agreement for the CSAH9/I-494 Interchange project (ST190003) • Accept donations and sponsorships to the City of Plymouth • Approve Work Order No. 7 an Payment No. 8 and final for CSAH 24 Reconstruction and Expansion Mill and Overlay (Hennepin County Project No. 961701 and City Project No. 5122) • Public Hearing on Bodycam Policy • Public Improvement and Special Assessment Hearing and Award Contract for the 2019 Mill and Overlay Project (ST199004) • Pre-application sketch review for redevelopment of the Four Seasons Mall site with apartments, park and ride, and retail uses for property located at 4200 Lancaster Lane (Dominium Development - 2019026) (CANCELLED)July 9, Regular, 7:00 p.m. Council Chambers July 23, Special, 5:00 p.m. Medicine Lake Room • Plymouth Creek Center expansion July 23, Regular, 7:00 p.m. Council Chambers • Presentation of 2018 Comprehensive Financial Report from Malloy, Montague, Karnowski, Radosevich & Co., PA) August 13, Regular, 7:00 p.m. Council Chambers August 20, Special, 5:30 p.m., Medicine Lake Room • Budget/CIP August 27, Special, 5:30 p.m., Medicine Lake Room • Budget/CIP August 27, Regular, 7:00 p.m. Council Chambers September 3, Special, 5:30 p.m., Medicine Lake Room • Budget/CIP (if needed) September 10, Regular, 7:00 p.m. Council Chambers Page 7 • 2020 proposed budget, preliminary general property tax levy, HRA levy and setting budget public hearing date September 24, Regular, 7:00 p.m. Council Chambers October 8, Regular, 7:00 p.m. Council Chambers October 22, Regular, 7:00 p.m. Council Chambers November 12, Special, 5:30 p.m., Medicine Lake Room • Budget/CIP (if needed) November 12, Regular, 7:00 p.m. Council Chambers • Adopt polling locations for 2020 elections November 26, Regular, 7:00 p.m. Council Chambers December 10, Regular, 7:00 p.m. Council Chambers • Recognize Police Citizen Academy graduates • Approve 2020 Target and Trap Shooting License Renewal • Approve 2020 Amusement License renewals • Approve 2020 Tobacco License renewals • Public hearing on 2020 budget, general property tax levy, HRA levy, and Capital Improvement Plan Page 8 BUDGET PROCESS Budget Calendar 2020-2021 Biennial Budget Preparation & 10-yr Capital Improvement Plan Date Category Description June 10, 2019 Budget Budgets submitted to Finance June 11, 2019 Budget Council Study Session – Budget Goals July 8 – July 17, 2019 Budget Department meetings August 9, 2019 Budget Council receives budget materials for upcoming meeting August 20, 2019 Budget & CIP Council study session (Budget & CIP meeting #1) August 27, 2019 Budget & CIP Council Study Session (Budget & CIP meeting #2) Council Regular Session (Financial Overview & Utility Study) September 3, 2019 Budget & CIP Council Study Session (Budget meeting #3) (if needed) September 10, 2019 Budget Council adopts preliminary levies & budget (Budget meeting #4) October 2, 2019 CIP Planning Commission public hearing November 12, 2019 Budget Council Study Session (Budget meeting #5) (If needed) December 10, 2019 Budget & CIP Budget Public Hearing, CIP, Budget & Levy Adoption December 27, 2019 Budget Levy is certified with Hennepin County Page 9 City of Plymouth News Release For Immediate Release May 31, 2019 Contact: Alyssa Fram Recreation Supervisor City of Plymouth 763-509-5225 afram@plymouthmn.gov Entertainment in the Parks begins June 13 with a capella group, Plymouth Sings final competition Plymouth, Minn. – Free concerts, theater, water ski shows and other performances are set for Plymouth this summer as part of the city’s annual Entertainment in the Parks series. The series kicks off at 7 p.m. Thursday, June 13 with a performance by a capella group Six Appeal, as well as the Plymouth Sings Finals, at the Hilde Performance Center, 3500 Plymouth Blvd. Plymouth Singers Compete for State Stage The public is welcome to view the final competition of Plymouth Sings at no cost. Plymouth Sings Finals features the city’s top talent – finalists all live, work or attend school in Plymouth. All singers previously auditioned, and finalists were selected by a panel of vocal judges. The winners and runners-up from the June 13 Plymouth Sings Finals will represent the community at the Minnesota Sings Statewide Competition Sept. 28-29. June Entertainment in the Parks events are as follows: •7 p.m. Thursday, June 13 – Plymouth Sings & Six Appeal, Hilde Performance Center •7 p.m. Thursday, June 20 – Percolators & Classic Car Show, Hilde Performance Center •7 p.m. Tuesday, June 25 – Shockwaves Water Ski Show, Parkers Lake Park, 15205 County Road 6 •10 a.m. Wednesday, June 26 – Happy Birthday America Parade, Hilde Performance Center •11 a.m. Wednesday, June 26 – Alpha Bits Band (following the Happy Birthday America Parade), Hilde Performance Center •7 p.m. Thursday, June 27 – Plymouth Concert Band, Hilde Performance Center The events are free and open to the public. No registration is required. -More - Page 10 In addition to Entertainment in the Parks, the outdoor Plymouth Farmers Market also begins in June. The market is set for 2:30-6:30 p.m. Wednesdays June 26-Oct. 9 at the Parkers Lake Playfield parking lot, 15500 County Road 6. Entertainment in the Parks is sponsored by TCF Bank. To view other upcoming Parks and Recreation events, visit plymouthmn.gov/specialevents. Cutline: Free concerts, theater, water ski shows and other performances are set for Plymouth this summer as part of the city’s annual Entertainment in the Parks series. -30- Page 11 Page 12 Page 13 Page 14 Page 15 EAST METRO 510713362 Suburban leaders allowing larger, denser developments in this building boom Many are skirting development restrictions to meet housing demand. By Shannon Prather JUNE 1, 2019 — 10:54PM A resident walked between buildings at the Loden. ANTHONY SOUFFLE The White Bear Lake City Council soon will consider the fate of a 193-unit apartment complex on about 5 acres, a project that is taller and has more units than the city code allows. But city planners say the project meets a local housing need, so it's worth exempting the developer from a few city restrictions. White Bear Lake is among a growing number of suburbs that are working around longtime development restrictions to transform oddly shaped or blighted lots into new apartments, homes and businesses. Page 16 Increasingly, suburban officials are relying on these projects to rejuvenate stagnant corners of their communities and draw new residents of varying ages and incomes. "Suburban zoning codes are often not keeping up with the changing market and consumer expectations," said Anne Kane, White Bear Lake's director of community development. ANTHONY SOUFFLE At the 204-unit Loden apartments in Shoreview, the developer added amenities including green space and a seating area for small groups. White Bear Lake is relying on a mechanism called a planned-unit development (PUD), which allows developers to break from city code on building height and unit numbers in exchange for giving city leaders a say in expansive, multimillion-dollar projects. The trade-off is clear: Developers get a more lucrative project, and the city welcomes new residents, businesses and tax revenue. Some residents say the partnership that forms between city planners and developers means the public is largely cut out of the process. Shoreview resident Richard Braun said he was saddened when the city allowed the construction of the McMillan, a 134-unit, four-story apartment building at Rice Street and Interstate 694 that's taller and denser than city code allows. Crews tore down a flagging strip mall to make room for it. "They had their minds made up way before the public meeting and there was nothing we could do to change them," said Braun, a retiree. "We kind of figured out residents don't matter as much." Suburban leaders say the measures are justified to meet demand and alleviate the region's housing shortage. "So much has changed in the market in the last five years. Cities are trying to play catch-up and capture part of the market," said Cathy Capone Bennett, director of advisory services at Urban Land Institute Minnesota. Page 17 Looking for flexibility Such development tools are increasingly popular as suburbs move from the straightforward development of vacant land to thornier redevelopment that often involves teardowns and hazardous cleanups, said Plymouth Community Development Director Steve Juetten. City leaders also are using code exemptions to entice developers to build better projects. For instance, in exchange for height and density concessions, the developer is giving White Bear Lake land for a trail and a more appealing design. "It's got a lake lodge feel," Kane said. "We want distinctive architecture that reflects our community." North St. Paul is leaning on the PUD process to revive its downtown and add more housing. It has nearly 400 new townhouses and apartments in the works on four different sites, which city leaders hope will attract more shops and cafes. The new housing projects are denser than city code allows. But after watching the city be overlooked by developers for years, community leaders say they are thrilled at the surge in new investment. "Traditional zoning does not allow for much flexibility," said Molly Just, a senior planner with WSB who does work for North St. Paul. "PUDs are really intended to provide flexibility and creativity for developers, but at the same time meeting stated objectives set by municipalities." Shoreview has used such incentives for decades, allowing developers to build townhouses, condos and the Rice Creek Corporate Park area. It recently approved more than 1,000 new apartments in four complexes. The city exempted developers from existing codes on the maximum height of new buildings, the density of new units and the number of parking spots. ANTHONY SOUFFLE Residents used the gym facilities at the Loden. The incentives "are used in exchange for higher-end amenities and other elements in the projects," said Shoreview Mayor Sandy Martin. Page 18 She said some redevelopment projects would be nearly impossible without them. One of the newer apartments, Lakeview Terrace, replaced an aging strip mall and had to be built around railroad tracks and a pond. It required a street realignment. "Redevelopment projects are more complex and expensive," she said. "Developers tend to shy away from those if [the codes] are too rigid." So far, the new suburban apartments are filling up. The first phase of the Loden apartments at Interstate 694 and Lexington Avenue opened in Shoreview last winter. All 204 apartments were rented in four months, and there's a waiting list for the next phase. The developer, Greco Properties, and East Ridge Partners tore down a long-vacant industrial building close to the freeway. In exchange for more units, the developer added green space, a dog run, a pickleball court and a pool. Greco officials also agreed to make about two dozen units affordable for lower-income families. "This is probably the highest quality development we've ever done," said Greco Properties President Josh Brandsted, sitting in the Loden's expansive commons room with a pool table, fireplace and ample high-end finishes. Greco had primarily built apartments in Minneapolis, so this market-rate suburban complex was "uncharted territory." Brandsted said Shoreview's willingness to partner with them rather than treating them like the "big, bad developer" was critical. ANTHONY SOUFFLE Individual and small group seating spaces filled the common area at the Loden. "I think they are doing it right," he said. Making a course correction Not everyone thinks such incentives are the best tools. Roseville leaders said they felt developers were abusing the process, so they stopped offering incentives in 2010. Page 19 "If someone wants to break the rules, so to speak, all they had to do is get the council to approve a PUD," said Roseville Mayor Dan Roe. "It was completely unpredictable for surrounding neighbors. That kind of thing left a bad taste in residents' mouths." Instead, Roseville overhauled its city codes and zoning to better reflect the market, which makes the process more straightforward for residents and developers. "The last major rewrite had been in 1950s. We had a lot of outdated provisions," Roe said. Roseville did reinstate the use of PUDs in 2015 but with strict limits, the mayor said. So far, not one has been approved. Other communities have joined Roseville in adding new restrictions. This spring, the city of Vadnais Heights added more requirements for developers seeking PUDs, including public meetings. The issue came to a head in 2017 when Mendota Heights approved two 70-unit apartment buildings on Hwy. 13, prompting a lawsuit by a group of residents. They argued that the project's size, limited parking, proximity to wetlands and large swaths of paved surfaces violated city ordinances. But they lost in the Minnesota Court of Appeals, and the apartments are now under construction. Suburban leaders say they are also making longer-term changes to their codes to accommodate new, denser kinds of development. In recent years, several suburbs changed their local comprehensive plans to permit more density and allow some commercial areas to become residential neighborhoods. Cities are now finishing up their 2040 comprehensive plans and more changes could come, said Lisa Barajas, the Metropolitan Council's director of community development. Kane said suburban development is in the middle of a much-needed course correction after decades of antiquated planning and land-use policies. "After World War II, planners really liked to separate things — residential here, jobs here, commercial and recreational here," she said. "Planners now recognize it was forced separation and not how humans want to live. They want walkable, mixed-use communities." Shannon Prather covers Ramsey County for the Star Tribune. Previously, she covered philanthropy and nonprofits. Prather has two decades of experience reporting for newspapers in Minnesota, California, Idaho, Wisconsin and North Dakota. She has covered a variety of topics including the legal system, law enforcement, education, municipal government and slice-of-life community news. Shannon.Prather@startribune.com 612-673-4804 ShannonMPrather Page 20 Dominium proposes affordable housing and retail on former mall site in Plymouth By: Matt M. Johnson June 3, 2019 Home / News / Dominium proposes affordable housing and retail on former mall site in Plymouth Dominium’s plan for the Four Seasons Mall site in Plymouth includes two general-occupancy affordable apartment buildings and an affordable, independent living senior building. (Submitted illustration: Dominium) Dominium proposes affordable housing and retail on former mall site in Plymouth Affordable housing developer Dominium is pitching more than $120 million worth of affordable apartment buildings plus retail space and a park-and-ride structure for a shuttered mall property in Plymouth. Plymouth-based Dominium is stepping in with a redevelopment concept for the former Four Seasons Mall at 4108 Lancaster Lane N. two years after another developer proposed a mix of affordable housing, retail space, parking and hotel rooms for the 17.3-acre site. That developer, Rock Hill Management LLC of Maple Grove, never started the project because it was unable to secure financing, according to a city staff report. Page 21 The 101,000-square-foot mall, which was built in 1978, closed eight years ago but went up for sale in 2008 as a potential redevelopment site. The property is in the southwest quadrant of Rockford Road and Highway 169 and is adjacent to a single-family neighborhood. Dominium will present its concept to the city’s Planning Commission for a nonbinding sketch plan review on Wednesday. The developer is proposing 210 affordable senior apartments in a $55.8 million building and 220 affordable, general occupancy apartments split between two buildings estimated to cost a combined $65 million. Affordable housing developer Dominium plans to build three apartment buildings on a site at 4108 Lancaster Lane N. in Plymouth currently occupied by the Four Seasons Mall. (File photo: Bill Klotz) Dominium would also build a 229-stall parking ramp that would serve both as a park-and-ride facility for the Plymouth Metrolink service and parking for the redevelopment project. That project is expected to cost in the $8 million range. The company is also proposing to partner with Minneapolis-based Launch Properties to develop 14,300 square feet of retail space on the site. The space would be split between four buildings that would include two drive-through restaurants, a bank branch and a building that could contain health care services. The City Council is scheduled to consider the plan at its June 25 meeting. Dominium has signed a purchase agreement with the property owner, said Dominium development associate Willy Boulay. Walmart paid $10.6 million for the property in 2010, Hennepin County property records show, and at one time planned to build a 150,000-square-foot store on the property. The retailer never filed a development application for the property, said city Senior Planner Shawn Drill. “I think they kind of took the temperature of the neighborhood and the City Council at the time and decided to not go forward,” he said in a Monday interview. Dominium likes its prospects at the site, Boulay said in an interview. The company recently completed construction on an affordable housing project of a similar size in Minnetonka, the 482- unit Legends of Minnetonka and Preserve at Shady Oak. The company has seen “high interest” during lease-up of new affordable apartments as it completes them, he said. The Plymouth project is expected to be no different. Page 22 “We have seen really, really significant demand for both types of housing we plan on building here,” Boulay said. Construction is scheduled to start early next year, according to a Dominium project narrative. The work would be complete by early 2022. The affordable, general occupancy apartments would rent to tenants earning 60 percent or less of the area median income, which works out to $56,580 for a family of four. Estimated monthly rents would be $1,100 to $1,530 for apartments ranging in size from one to three bedrooms. The one-, two- and three-bedroom senior apartments would rent within the same pricing range. The average monthly rent for a Plymouth apartment is $1,238, according to the most recent Apartment Trends report from Minneapolis-based Marquette Advisors. The general occupancy apartments would satisfy about half of the pent-up demand for affordable units in the city, a housing study completed last year by Golden Valley-based Maxfield Research shows. The city needs an additional 408 affordable units by 2030, the study shows. Plymouth has a need for about 234 affordable senior units, which would be almost completely met by Dominium’s proposed project. The city has seen more than 400 apartments proposed over the past few years, according to the Finance & Commerce Twin Cities Apartment Development Tracker. One of the most recent proposals for multifamily housing in the city is a 102-unit senior housing project Bloomington-based August Development plans to build adjacent to an office building at 3025 Harbor Lane. Dominium is requesting $7.77 million in tax increment financing assistance from the city, as well as $2 million in additional city assistance in the form of financial contributions or the waiver of fees. The developer says it will also seek low-income housing tax credits to help fund the project, as well as additional funding from the Metropolitan Council and Hennepin County. Dominium owns two properties in Plymouth, the 132-unit Stone Creek at Medicine Lake at 1020 W. Medicine Lake Drive and the 40-unit Willow Wood Estates at 10850 S. Shore Drive. Page 23 Page 24 Page 25 $130M housing project pitched for shuttered mall site in Plymouth The proposal would turn former host of Four Seasons Mall into affordable senior, family housing. By Dee DePass Star Tribune JUNE 4, 2019 — 9:12PM PROVIDED RENDERING BY BKV GROUP Dominium is proposing more than 400 units of housing in three buildings for the long deserted Four Seasons Mall location in Plymouth. It is seeking public subsidies for the $130M project. A Plymouth property developer plans to spend $130 million to build affordable senior- and family-housing units on land now occupied by the long-shuttered Four Seasons Mall, city officials confirmed Tuesday. Dominium’s plan calls for developing three apartment buildings with 430 units, commercial space and parking on the 17-acre site. The 117,000-square-foot Four Seasons strip mall boasted 26 stores when it opened in 1978 on Lanchester Lane, just southwest of County Road 9 and Hwy 169. In 2010 Walmart bought the ailing site to build a store, but it soon scrapped those plans after receiving public input. The mall shut down for good in 2012. Walmart began trying to sell the property about four years ago. Page 26 Last year’s efforts by Rock Hill Management to redevelop the site into two hotels and stores fell through because of financing trouble. Now, Dominium is stepping forward with fresh plans to convert the old mall into affordable housing that could accommodate both senior citizens and families with limited incomes. Dominium is seeking several government subsidies to help transform its vision into reality. Dominium officials were not immediately available for comment Tuesday. According to the city, Dominium’s project would house a $58 million five-story senior- apartment building with 210 units. It also calls for two four-story buildings with 220 units that would cost about $65 million combined. The housing units would include more than 500 surface and underground parking spaces for tenants. As currently conceived, apartment rents across the proposed complex would mostly range from about $1,100 to $1,500. Tenant annual incomes would be capped at $56,500 for a family of four, city officials said. Separately, the complex calls for a 229 slot “Park & Ride” ramp that would be accessible to the public. Lastly, the project includes commercial space that could eventually become small retail stores or offices, a bank, two drive-through restaurants and a health care clinic. Plymouth Senior Planner Shawn Drill said the proposed commercial space is the least defined of all the plans. “Overall, we feel the site can work well with a mixed-use site that includes housing and commercial and a park and ride,” Drill said. Dominium has asked the city to approve $3.79 million in tax-increment financing for the senior- citizen housing and a combined $3.97 million for the two general-occupancy buildings, Drill said. Plymouth’s full planning commission is scheduled to review Dominium’s preliminary plans for the site during a meeting Wednesday. The full City Council will review plans June 25. If plan approvals and subsidy requests are received, construction could begin early next year and finish in 2022, city officials said. Dee DePass is a business reporter for the Star Tribune. She spent the last four years covering Minnesota's manufacturing and mining industries. She previously covered the economy, workplace issues and banking. dee.depass@startribune.com 612-673-7725 DePassStrib Page 27 1/2 WEST METRO U.S. Rep. Dean Phillips sees need to help cities lacking state funding Formula for local aid means nearly 100 Minnesota cities don't make the list. By David Chanen (http://www.startribune.com/david-chanen/10644586/) Star Tribune JUNE 4, 2019 — 10:09PM U.S. Rep. Dean Phillips says the most common topic that came up on recent visits with municipal officials in his suburban congressional district was the lack of state funding to improve aging infrastructure. So in an effort to bridge the gap left by cuts in state aid to local governments, Phillips, a Democrat, is sponsoring a bill seeking federal funding for a suburban water treatment center. Only eight of his district’s 36 cities this year received a cut of the $560 million Local Government Aid (LGA) funding approved by the Legislature. Most of the cities with goose eggs are in western Hennepin County. “In my district, most of the cities aren’t near core cities and they aren’t rural. It’s a distinct challenge,” said Phillips. “Moving bills through Congress is no easy task, but I’ve been in sales my entire life. Selling legislation is very similar to building relationships.” Federal funding in Phillips’ bill could help Dayton and several nearby cities consider construction of a $20 million regional water treatment center. While mayors and city administrators raised concerns about wastewater and stormwater treatment upgrades, they also told Phillips that transit issues were a priority, he said. Cities that don’t qualify for LGA aren’t unique to Phillips’ district. Nearly 100 of the state’s 853 cities have to plan future budgets without LGA, said Gary Carlson, a lobbyist for the League of Minnesota Cities. Those nonfunded cities account for 20% of the state’s population. In Phillips’ west metro district, LGA funding this year ranged from $31,000 for Loretto to $1.3 million for Brooklyn Park. Phillips said he laughed when Excelsior received just $300 in LGA last year, not enough to paint a crosswalk. In comparison, Minneapolis received $79 million. Chart: Eddie Thomas, Star Tribune • Source: League of Minnesota Cities • Get the data State money for cities Though the total funds available have risen for 2019, fewer cities qualify for LGA money. Nearly 100 of the state's 853 cities have fallen off the list. $428 2013 $508 2014 $517 2015 $519 2016 $519 2017 $534 2018 $560 2019* *2019 includes $26 million from 2018 GLEN STUBBE Minnesota Rep. Dean Phillips on the floor of the U.S. House on Jan. 3, 2019. Page 28 2/2 The LGA formula hasn’t been significantly changed since the early 1990s, but legislators did increase the funding pool by a historic $26 million this year. The money comes mostly from sales and income tax, and $30 million will be added to the LGA money pool in upcoming years. Frustration with formula The state LGA program distributes money to cities using a formula comparing generated property taxes to needs, in an effort to ensure that cities can provide a similar level of service regardless of their tax base. Key factors in the formula include population growth, number of employees and age of housing stock. During this year’s legislative session, Rep. Jerry Hertaus, R-Greenfield, unsuccessfully pushed for a bill to create a new formula for cities that had fallen off the list, using 2%, or $11.2 million, from the total LGA pool. He said he appreciated Phillips’ federal bill but didn’t think a government with a $22 trillion debt had a lot of money to hand out. Though Rogers is one of the state’s fastest-growing cities, Mayor Rick Ihli said it had received LGA just once in 20 years. He said he has a bit of a chip on his shoulder about the lack of funding because the city’s population has risen from 800 to 13,000 in the past two decades. “The life of most roads is 20 years, and they need repair,” he said. “We have Hwys. 101, 94, 81 and 169 running throughout our city, all arteries that lead to major vacation and weekend spots. We just don’t think about getting LGA anymore because the formula never changes.” Independence also hasn’t seen LGA in years, said Mayor Marvin Johnson. Funding would help pay for road equipment and repairs, as well as park paths and equipment, he said. He recalled attending a mayor’s conference years ago and hearing that the city of Virginia had gotten a large LGA payout. “They used some of the money to pay for gardeners, something we would have never dreamed of having,” said Johnson. Osseo is one of the smaller Hennepin County cities consistently on the LGA list. The city has used the approximately $625,000 it has collected for each of the past several years for fire equipment, squad cars, plows, lawn mowers and a heating and cooling system at City Hall. Because of the taxes Osseo can raise, it devotes all its LGA to capital projects, and LGA accounts for one-third of the city’s budget, said Mayor Duane Poppe. But there is a Catch-22 for cities like Dayton, where officials raise taxes for infrastructure in hopes they might get some back in LGA, said Mayor Tim McNeil. His city often ends up footing the bill for state-mandated services, highways shared with the county and a regional park visited by thousands of people. “I question who is making the political decisions,” McNeil said. “Dayton is in a conservative area of the metro, and liberals run the metro. It appears those legislators aren’t happy about us getting money back.” David Chanen is a reporter covering Hennepin County government and Prince's estate dealings. He previously covered crime, courts and spent two sessions at the Legislature. dchanen@startribune.com 612-673-4465 Page 29 Memorandum To: Dave Callister From: Jodi Bursheim, Finance Manager Date May 31, 2019 Item: Financial Information Attached please find the General Fund financial report, investment summary, and cash balance report through April 30, 2019. Please let me know if you have any questions. Page 30 Fund: 100 - General Fund Reporting Period: January, 2019 To April, 2019 (4 Months) Fund Category: General Fund; Fund: 100 - General Fund; Department: All; Division: All; Account Category: All; GL Account: All; Program: All Budget YTD Actual Amount Budget Less YTD Actual % of Budget Prior Year YTD Actual Amount Prior Year Total Actual Amount Revenue: General Property Taxes 29,958,324 0 (29,958,324)0.00 %0 27,836,128 Permits and Licenses 4,071,330 1,545,629 (2,525,701)37.96 %1,599,696 4,441,208 Intergovernmental 2,818,866 514,194 (2,304,672)18.24 %529,258 2,926,320 Charges for Services 1,406,060 362,852 (1,043,208)25.81 %368,174 1,484,953 Billings to Departments 2,170,975 345,492 (1,825,483)15.91 %335,429 1,704,140 Fines & Forfeitures 615,500 168,141 (447,359)27.32 %186,179 520,206 Special Assessments 11,500 (3)(11,503)-0.02 %0 19,856 Contributions & Donations - Operating 86,600 10,600 (76,000)12.24 %500 88,875 Interest Income 195,000 287,874 92,874 147.63 %67,940 264,307 Other 179,900 44,694 (135,206)24.84 %70,638 255,560 Transfers In 202,000 3,583 (198,417)1.77 %0 310,927 Total Revenue 41,716,055 3,283,056 (38,432,999)7.87 %3,157,815 39,852,479 Expense: Uncategorized Expenses 0 338 338 0.00 %0 0 Personal Services 26,271,774 7,400,477 (18,871,297)28.17 %7,228,978 24,136,316 Materials and Supplies 1,257,632 360,710 (896,922)28.68 %244,326 1,185,567 Employee Development & Meetings 349,200 141,401 (207,799)40.49 %129,179 322,349 Dues & Subscriptions 142,021 113,190 (28,831)79.70 %106,064 126,547 Contractual Services 5,089,435 1,585,413 (3,504,022)31.15 %1,346,826 4,275,214 Equipment 105,700 28,459 (77,241)26.92 %22,077 114,806 Capital Improvements 32,000 45,435 13,435 141.98 %181 201,504 Allocations 7,190,914 2,396,971 (4,793,943)33.33 %2,318,669 6,956,008 Transfers Out 200,500 955 (199,545)0.48 %0 626,917 Other Expense 1,076,879 169,091 (907,788)15.70 %226,020 1,056,638 Total Expense 41,716,055 12,242,441 (29,473,614)29.35 %11,622,320 39,001,866 Net Total 0 (8,959,385)(8,959,385)0.00 %(8,464,505)850,612 Jun 04, 2019 02:31 PM Actual vs Budget Year to Date with Prior Year Comparison Page 1 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 31 Cash Balance $10,486,167.38 $918,622.43 $144,332.07 $9,221,362.05 $58,829.50 $94,502.62 $17,372.63 $96,991.65 $589,274.77 $1,664,476.67 $1,114,818.15 ($242,590.10) $92,163.70 $606,668.93 $37,034.13 $6,881,596.07 $2,915,429.78 $5,741,928.54 $2,715,191.96 $17,994,475.75 $538,552.80 $6,127,766.94 $3,300,450.63 $1,920,802.92 $2,569,123.56 ($3.32) $12,056,773.45 ($17,588.68) ($802,133.08) $970,603.58 ($1,071.58) $1,063,628.53 423 TIF - 7-5A - Village at Bass Crk 424 TIF - 7-6 - Berkshire 420 ENT - Water Sewer Construction 421 ENT - Water Resources Constrctn 422 TIF - 7-4 - Hoyt Tech Park 413 CON - Constr Imprvmnts - Streets 417 CON-Project Warranty Repairs 418 ENT - FND - Util Trunk Expansion 408 FND - Park Const Dedication Fees 409 FND - Capital Improvement 412 ENT - FND - Water Sewer Replace 405 FND - Park Replacement 406 FND - Street Reconstruction 407 FND - Admin - Pre-construction 400 CON - Const Imprvmnts - General 401 FND - Minnesota State Aid 404 FND - Community Improvement 312 2010A - GO Open Space 314 2012A - GO Refunding 2004A 315 2015A - GO Open Space 258 HRA General 308 2005A - TIF 1-1 - Shops at Plym 310 2009A - TIF 7-5A - Refund 1998A 240 Lawful Gambling 250 Community Dev Block Grant (CDBG) 254 HRA Section 8 220 Transit System 230 Community Development 234 Economic Development 100 General Fund 200 Recreation Fund 210 Parker's Lake Cemetery Maintnce City of Plymouth Cash Balances April 30, 2019 Fund Description Page 32 City of Plymouth Cash Balances April 30, 2019 $68,158.35 $263,756.11 $31,859.59 $17,544.07 $195,851.99 $31,975.01 ($1,490.77) $3,390,328.68 $3,138,793.90 $3,646,116.26 $1,202,437.70 $954,370.95 $1,411,727.09 $8,728,648.42 $6,371,033.41 $5,896,026.74 $6,495,488.36 $5,544,649.47 $3,571,048.89 $199,968.46 $140,033,847.11 700 Parker's Lake Cemetery 630 Risk Management 640 Employee Benefits 660 Resource Planning 600 Central Equipment 610 Public Facilities 620 Information Technology 530 Solid Waste Mgmt 540 Ice Center 550 Field House 500 Water 510 Water Resources 520 Sewer 429 TIF - 1-3 - Crossroads Station 432 TIF - 7-8 - Quest Development 433 TIF - 7-9 - Pending 426 TIF - 7-7 - Stone Creek Village 427 TIF - 1-1 - Shops at Plymth Crk 428 TIF - 1-2 - Vicksburg Commons 425 TIF - Housing Assistance Program Page 33 City of Plymouth Investments Portfolio Management April 30, 2019 City of Plymouth Portfolio Summary % of Portfolio Book ValueInvestmentsMarket Value Par Value Days to MaturityTerm YTM 365 Equiv. Certificates of Deposit 2,967,000.00 1,7042.45 2.4646002,969,090.252,967,000.00 Bankers Acceptances -Amortizing 4,981,047.50 1154.12 2.628544,974,785.185,000,000.00 Federal Agency Coupon Securities 58,249,690.29 2,22048.16 2.1821,26657,900,248.7158,441,176.47 Miscellaneous Coupon Securities 364,560.15 3,5300.30 2.7341,766363,234.79357,627.20 Pass Through Securities (GNMA/CMO)10,504,224.03 3,4658.69 2.4212,44110,463,348.5410,257,619.78 Municipal Bonds 43,879,559.35 2,25536.28 2.5501,29143,692,706.3043,590,000.00 120,946,081.32 100.00%Investments 120,363,413.77120,613,423.45 2,245 1,312 2.363 Cash and Accrued Interest 120,949,744.52Total Cash and Investments 3,663.20Subtotal 3,663.20 120,367,076.97120,613,423.45 3,663.20 3,663.20 2,245 1,312 2.363 Accrued Interest at Purchase Current Year April 30 961,293.31 Average Daily Balance Effective Rate of Return 124,790,847.36 2.34% Total Earnings Period Ending __________________________________________________ ____________________ Patti Weitgenant, Accountant Portfolio INVT AP Reporting period 01/01/2019-04/30/2019 Run Date: 05/13/2019 - 11:25 PM (PRF_PM1) 7.3.0No fiscal year history available Report Ver. 7.3.3aPage 34 Moody's Page 1 Par Value Book Value Maturity Date Stated RateMarket Value April 30, 2019 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of Plymouth Investments Days to MaturityS&PCUSIPInvestment # Purchase Date Certificates of Deposit American Express Centurion Bk10636 248,000.00 248,000.00 11/29/20192.20011/28/2014 247,454.4002587DWK0 212 Capital One Bank U VA US10632 248,000.00 248,000.00 11/26/20192.10011/26/2014 247,446.96140420RC6 209 CIT Bank Lake City Utah CTF DE10633 248,000.00 248,000.00 11/26/20192.20011/26/2014 247,623.0417284C4L5 209 CiITIBANK NA SIOUX SD US10945 248,000.00 248,000.00 09/07/20223.15009/07/2018 250,770.1617312QS42 1,225 COMENITY CAP BK UT US10946 248,000.00 248,000.00 09/14/20223.15009/14/2018 250,775.1220033AF27 1,232 Discover Bank DE US10634 248,000.00 248,000.00 11/26/20192.10011/26/2014 247,461.84254672EP9 209 Goldman Sachs Bnk USA New York10591 245,000.00 245,000.00 06/11/20192.00006/11/2014 244,804.0038147JG55 41 JPMORGAN CHASE BK DE US10947 248,000.00 248,000.00 09/14/20223.15009/14/2018 248,895.2848128FQT2 1,232 Sallie Mae bk Murray Utah C/D10841 245,000.00 245,000.00 06/21/20222.35006/21/2017 241,758.65795450A70 1,147 Synchrony Bk Retail CTF10592 245,000.00 245,000.00 06/13/20192.00006/13/2014 244,823.6087165HAP5 43 Third Federal Savings & Loan A10631 248,000.00 248,000.00 11/25/20192.00011/24/2014 247,449.4488413QAW8 208 WELLS FARGO BK NA SD US10948 248,000.00 248,000.00 09/14/20223.15009/14/2018 249,827.76949763TQ9 1,232 2,967,000.002,969,090.252,967,000.003,049,000.00Subtotal and Average 600 US Bank Sweep - Money Market Fund US Bank Money Center - Monthly10375 0.00 0.00 0.15012/01/2010 0.000492100897 1 0.000.000.000.00Subtotal and Average 0 Bankers Acceptances -Amortizing US Bank Money Center - Monthly10960 328,440.00 328,142.21 05/13/20192.72012/03/2018 327,545.009033A1SD1 12 US Bank Money Center - Monthly10970 429,000.00 428,968.66 05/02/20192.63001/24/2019 428,116.749033A1S25 1 US Bank Money Center - Monthly10973 300,000.00 298,175.50 07/22/20192.67001/29/2019 297,862.929033A1UN6 82 US Bank Money Center - Monthly10974 301,432.00 299,818.08 07/15/20192.57002/12/2019 299,415.429033A1UF3 75 US Bank Money Center - Monthly10975 417,816.00 417,426.74 05/14/20192.58002/19/2019 416,652.159033A1SE9 13 US Bank Money Center - Monthly10976 439,449.00 436,689.50 07/29/20192.54002/21/2019 436,098.209033A1UV8 89 US Bank Money Center - Monthly10977 349,359.00 348,703.95 05/28/20192.50002/22/2019 348,089.669033A1SU3 27 US Bank Money Center - Monthly10978 335,740.00 335,118.04 05/28/20192.47002/22/2019 334,520.159033A1SU3 27 US Bank Money Center - Monthly10979 300,000.00 299,122.08 06/13/20192.45003/11/2019 298,600.339033A1TD0 43 US Bank Money Center - Monthly10980 300,000.00 298,999.58 06/19/20192.45003/20/2019 298,489.839033A1TK4 49 US Bank Money Center - Monthly10981 355,182.00 352,740.13 08/08/20192.50003/20/2019 352,251.759033A1V88 99 US Bank Money Center - Monthly10982 366,917.00 365,198.20 07/08/20192.48004/18/2019 365,198.209033A1U89 68 US Bank Money Center - Monthly10983 476,665.00 474,333.58 07/11/20192.48004/18/2019 474,333.589033A1UB2 71 US Bank Money Center - Monthly10987 300,000.00 297,611.25 08/26/20192.45004/29/2019 297,611.259033A1VS4 117 4,981,047.504,974,785.185,000,000.004,966,797.06Subtotal and Average 54 Portfolio INVT AP Run Date: 05/13/2019 - 11:25 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.3a Page 35 Moody's Page 2 Par Value Book Value Maturity Date Stated RateMarket Value April 30, 2019 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of Plymouth Investments Days to MaturityS&PCUSIPInvestment # Purchase Date Federal Agency Coupon Securities Fedl Agric Mtg Corp10512 1,000,000.00 1,000,000.00 11/29/20212.00011/29/2012 990,990.0031315PQL6 943 Fedl Agric Mtg Corp10768 2,000,000.00 2,000,000.00 07/19/20211.26007/19/2016 1,950,980.003132X0HQ7 810 Fedl Agric Mtg Corp10478 1,000,000.00 1,000,000.00 09/27/20191.40009/27/2012 995,390.0031315PVD8 149 Federal Farm Credit Bank10724 1,000,000.00 1,000,000.00 02/16/20222.00002/16/2016 991,250.003133EFZL4 1,022 Federal Farm Credit Bank10734 2,000,000.00 2,000,000.00 03/30/20201.49003/30/2016 1,980,880.003133EFV20 334 Federal Farm Credit Bank10740 1,000,000.00 1,000,000.00 04/19/20221.92004/29/2016 988,510.003133EF4A2 1,084 Federal Farm Credit Bank10742 1,000,000.00 1,000,000.00 05/16/20232.00005/16/2016 987,040.003133EGAD7 1,476 Federal Farm Credit Bank10743 1,000,000.00 1,000,000.00 02/17/20211.58005/17/2016 986,020.003133EGAZ8 658 Federal Farm Credit Bank10764 1,000,000.00 1,000,000.00 07/14/20211.48007/14/2016 980,860.003133EGLU7 805 Federal Farm Credit Bank10765 1,000,000.00 1,000,000.00 04/14/20221.72007/14/2016 982,740.003133EGLZ6 1,079 Federal Farm Credit Bank10767 1,000,000.00 1,000,000.00 01/19/20211.44007/19/2016 984,220.003133EGMP7 629 Federal Farm Credit Bank10807 1,000,000.00 980,253.13 04/25/20231.82001/17/2017 980,310.003133EGZV0 1,455 Federal Farm Credit Bank10923 1,000,000.00 994,266.20 02/05/20253.00007/02/2018 1,000,010.003133EJBN8 2,107 Federal Farm Credit Bank10930 2,000,000.00 1,949,282.89 05/30/20242.59007/16/2018 1,989,680.003133EHLD3 1,856 Federal Farm Credit Bank10985 1,000,000.00 1,000,000.00 04/24/20232.70004/24/2019 1,000,000.003133EKJJ6 1,454 Federal Home Loan Bank10484 441,176.47 441,176.47 10/24/20191.37010/24/2012 438,511.76313380Z75 176 Federal Home Loan Bank10693 2,000,000.00 2,000,000.00 07/26/20222.23010/26/2015 1,987,460.003130A6LE5 1,182 AaaFederal Home Loan Bank10710 2,000,000.00 2,000,000.00 01/27/20222.00001/27/2016 1,981,220.00 AAA3130A73W3 1,002 Federal Home Loan Bank10714 1,000,000.00 1,001,114.93 01/27/20222.50002/08/2016 999,820.003130A72V6 1,002 Federal Home Loan Bank10719 1,000,000.00 1,000,000.00 02/10/20201.37002/10/2016 990,670.003130A7A70 285 Federal Home Loan Bank10748 1,000,000.00 1,016,773.30 03/11/20222.25005/25/2016 998,080.00313378CR0 1,045 Federal Home Loan Bank10755 1,000,000.00 1,000,000.00 06/13/20232.00006/13/2016 985,860.003130A8EP4 1,504 Federal Home Loan Bank10756 1,000,000.00 1,000,000.00 06/13/20232.00006/13/2016 985,860.003130A8EP4 1,504 AaaFederal Home Loan Bank10780 1,000,000.00 999,686.31 09/22/20231.83009/22/2016 978,190.00 AAA3130A9GV7 1,605 AaaFederal Home Loan Bank10818 1,000,000.00 1,000,000.00 01/26/20242.67001/26/2017 1,000,000.00 AAA3130AAPY8 1,731 Federal Home Loan Bank10842 2,000,000.00 1,998,223.26 11/22/20232.25006/23/2017 1,976,320.003130AA5J3 1,666 Federal Home Loan Bank10848 2,000,000.00 2,000,000.00 06/27/20242.55006/27/2017 1,997,300.003130ABJW7 1,884 Federal Home Loan Bank10877 1,000,000.00 1,000,000.00 12/04/20242.80012/04/2017 1,000,000.003130ACXB5 2,044 Federal Home Loan Bank10889 1,000,000.00 1,000,000.00 01/29/20252.78001/29/2018 996,310.003130ADEH1 2,100 Federal Home Loan Bank10919 1,000,000.00 965,608.26 09/27/20272.95007/02/2018 981,690.003130ACHC1 3,071 Federal Home Loan Bank10927 1,000,000.00 1,000,000.00 07/11/20253.58007/11/2018 1,001,460.003130AEL81 2,263 Federal Home Loan Bank10951 2,000,000.00 1,932,721.41 12/27/20273.15010/04/2018 1,998,180.003130ADAD4 3,162 Federal Home Loan Bank10971 2,000,000.00 2,000,000.00 01/29/20243.12501/29/2019 2,001,700.003130AFP92 1,734 Federal Home Loan Bank10972 1,000,000.00 1,000,000.00 01/29/20212.65001/29/2019 1,002,110.003130AFRA7 639 Federal Home Loan Bank10984 1,000,000.00 985,616.95 09/28/20201.37504/23/2019 985,616.953130ACE26 516 Federal Home Loan Mtg Corp10461 1,000,000.00 1,000,000.00 06/27/20191.50006/27/2012 997,730.003134G3XJ4 57 Portfolio INVT AP Run Date: 05/13/2019 - 11:25 PM (PRF_PM2) 7.3.0 Page 36 Moody's Page 3 Par Value Book Value Maturity Date Stated RateMarket Value April 30, 2019 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of Plymouth Investments Days to MaturityS&PCUSIPInvestment # Purchase Date Federal Agency Coupon Securities Federal Home Loan Mtg Corp10472 2,000,000.00 2,000,000.00 08/21/20201.55008/21/2012 1,975,160.003134G3D64 478 Federal Home Loan Mtg Corp10781 1,000,000.00 1,000,000.00 09/22/20231.75009/22/2016 971,080.003134GAHJ6 1,605 Federal Home Loan Mtg Corp10793 2,000,000.00 1,998,089.83 10/13/20231.60010/17/2016 1,971,920.003134GAQL1 1,626 Federal Home Loan Mtg Corp10921 1,000,000.00 986,877.35 02/21/20253.01007/02/2018 1,000,410.003134GSCW3 2,123 Federal Home Loan Mtg Corp10986 2,000,000.00 2,000,000.00 10/25/20222.70004/25/2019 2,000,000.003134GTHK2 1,273 Federal National Mtg Assn10499 2,000,000.00 2,000,000.00 01/30/20201.35011/05/2012 1,982,340.003136G0X63 274 Federal National Mtg Assn10758 1,000,000.00 1,000,000.00 06/14/20211.80006/14/2016 984,030.003136G3RK3 775 Federal National Mtg Assn10783 2,000,000.00 2,000,000.00 12/28/20211.50009/28/2016 1,958,780.003136G35U5 972 Federal National Mtg Assn10785 1,000,000.00 1,000,000.00 09/30/20211.62509/30/2016 983,560.003136G4AH6 883 58,249,690.2957,900,248.7158,441,176.4758,001,826.04Subtotal and Average 1,266 Miscellaneous Coupon Securities Small Business Administration10595 357,627.20 364,560.15 03/01/20243.19107/02/2014 363,234.79831641FA8 1,766 364,560.15363,234.79357,627.20396,860.14Subtotal and Average 1,766 Pass Through Securities (GNMA/CMO) Federal Home Loan Mtg Corp10763 1,500,000.00 1,552,968.75 09/25/20222.57305/27/2016 1,500,195.003137AXHP1 1,243 Federal National Mtg Assn10420 271,723.60 288,876.15 08/01/20214.00008/16/2011 279,897.0531417Y4V6 823 Federal National Mtg Assn10421 411,797.70 433,545.77 07/01/20254.00008/16/2011 424,184.5731419AMZ7 2,253 Federal National Mtg Assn10659 475,752.06 489,727.28 10/01/20272.50004/20/2015 475,490.4031417DL76 3,075 Federal National Mtg Assn10814 524,977.13 523,172.53 12/01/20222.21001/20/2017 520,499.083138L16Z7 1,310 Federal National Mtg Assn10910 1,688,838.92 1,675,117.11 10/01/20323.00005/17/2018 1,705,220.663140GUKS5 4,902 Federal National Mtg Assn10940 2,000,000.00 2,006,250.00 04/01/20253.23007/20/2018 2,057,320.003138LM3Q4 2,162 Federal National Mtg Assn10968 1,000,000.00 1,025,937.50 08/01/20263.44001/17/2019 1,052,760.003138L6WT1 2,649 GNMA10366 253,299.68 270,634.88 05/15/20254.50007/28/2010 263,467.133620AWE48 2,206 GNMA10403 726,044.30 754,859.18 05/15/20263.50006/16/2011 743,462.1036241LU95 2,571 FHLB GTD Remic Pass thru10812 1,000,000.00 1,040,468.75 10/25/20243.17101/20/2017 1,024,560.003137BFE98 2,004 Small Bus. Admin Pool #52206810618 405,186.39 442,666.13 11/25/20214.16709/22/2014 416,292.5583165AQV9 939 10,504,224.0310,463,348.5410,257,619.7810,624,959.35Subtotal and Average 2,441 Municipal Bonds Three Crowns Funding LLC10669 1,315,000.00 1,326,798.23 09/01/20194.44606/29/2015 1,325,257.00052396UY2 123 Allen Cmnty Dev-Ref10811 1,000,000.00 980,008.64 09/01/20252.35301/20/2017 974,120.00018100DN4 2,315 Andover Minn Ult G.O. Series10519 910,000.00 911,951.94 02/01/20202.00012/27/2012 904,039.50034313ZQ2 276 Andover Minn Ult G.O. Series10520 925,000.00 926,899.84 02/01/20212.00012/27/2012 914,297.75034313ZR0 642 Bloomingdale MI Public Schools10739 1,230,000.00 1,242,595.96 05/01/20212.49004/29/2016 1,225,362.90094383FR2 731 Portfolio INVT AP Run Date: 05/13/2019 - 11:25 PM (PRF_PM2) 7.3.0 Page 37 Moody's Page 4 Par Value Book Value Maturity Date Stated RateMarket Value April 30, 2019 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of Plymouth Investments Days to MaturityS&PCUSIPInvestment # Purchase Date Municipal Bonds Carmel IN Redev Auth10718 775,000.00 784,405.10 08/01/20212.43002/10/2016 772,101.5014329NEB6 823 AaClackamas Cnty OR School Distr10965 990,000.00 999,755.74 06/15/20253.44012/20/2018 1,021,798.80 AA179162HK1 2,237 Columbus Ohio Recovery Zone Ec10869 1,000,000.00 1,000,000.00 04/01/20252.48010/25/2017 984,600.00199492UV9 2,162 District of Columbia10766 1,055,000.00 1,097,058.68 06/01/20205.27007/15/2016 1,085,320.7025476FKZ0 397 Eau Claire Wis10882 1,000,000.00 958,914.58 04/01/20262.15012/18/2017 957,310.00278444DH4 2,527 Florida St Hurricane10720 1,000,000.00 1,010,976.85 07/01/20202.99502/10/2016 1,005,280.0034074GDH4 427 FL ST BRD of Admin10924 1,000,000.00 993,285.34 07/01/20212.63807/03/2018 1,002,490.00341271AB0 792 AaaGeorgia ST GO BDS 2016B GO10759 500,000.00 503,113.20 02/01/20202.00007/07/2016 498,230.00 AAA3733844Q6 276 Green Bay Wis Area Pub Sch BDS10515 1,455,000.00 1,458,354.33 04/01/20211.90012/11/2012 1,437,961.95392643TB8 701 Green Bay Wis Area Pub Sch BDS10516 930,000.00 930,874.02 04/01/20201.65012/11/2012 921,788.10392643TA0 336 Itasca Cnty Minn Indpt Sch Dis10815 500,000.00 501,726.21 02/01/20242.65001/20/2017 497,760.00465468DG8 1,737 Los Angeles CA10929 1,000,000.00 1,001,172.74 09/01/20233.11007/12/2018 1,020,450.00544351MP1 1,584 AaMemphis-C-Babs10778 500,000.00 564,384.11 07/01/20245.05609/15/2016 557,625.00 AA586145WG5 1,888 Milan Mich Area Schools10754 1,000,000.00 1,008,104.07 05/01/20212.13106/03/2016 992,620.00 AA598801JE9 731 Minnetonka Minn Indpt Sch Dist10524 1,000,000.00 1,011,184.82 01/01/20262.90002/14/2013 1,000,340.00604195VE4 2,437 Mounds View MN Indep School10843 2,000,000.00 2,055,945.33 02/01/20243.00006/23/2017 2,038,860.00620637W87 1,737 Northeast IA Cmnty Clg10849 530,000.00 530,000.00 06/01/20242.45006/29/2017 524,599.30664214MG5 1,858 Northeast IA Cmnty Clg10850 555,000.00 555,000.00 06/01/20262.70006/29/2017 552,352.65664214MJ9 2,588 Northeast IA Cmnty Clg10851 375,000.00 375,000.00 06/01/20272.85006/29/2017 373,953.75664214MK6 2,953 City of New York NY10676 2,000,000.00 1,961,395.51 11/01/20232.40007/14/2015 1,972,520.0064971QJ20 1,645 New Mexico St Fin10721 1,190,000.00 1,219,935.59 06/15/20223.10002/10/2016 1,215,799.2064711NVA0 1,141 AaNewton Cnty GA Sch Dist Ser B10784 1,000,000.00 1,080,899.64 04/01/20254.97309/30/2016 1,031,120.00 AA652577FA0 2,162 New York City NY Transitional10844 1,000,000.00 981,987.74 08/01/20221.70006/26/2017 969,290.0064966MED7 1,188 AaOhio St Third Frontier Resh &10896 1,000,000.00 963,707.58 05/01/20242.20003/05/2018 980,660.00 AA677522JC9 1,827 Oklahoma Cnty OKLA Indpt Sch D10952 2,000,000.00 2,004,094.37 10/01/20203.00010/11/2018 2,014,340.00678720KJ1 519 Robbinsdale MN Indep Sch Dist10957 1,000,000.00 1,000,000.00 02/01/20243.25011/06/2018 1,034,860.00 AAA770265FQ4 1,737 San Francisco City10911 1,000,000.00 1,018,615.22 06/15/20253.75005/23/2018 1,047,880.007976462X3 2,237 Shepherd Mich Pub Schs10824 1,000,000.00 1,000,000.00 05/01/20232.55002/15/2017 991,970.00823348DS3 1,461 Sioux City IA10845 675,000.00 675,000.00 06/01/20262.70006/26/2017 662,296.50829458HZ4 2,588 State of CA - Txb GO10751 1,000,000.00 997,974.31 04/01/20211.50005/27/2016 983,810.0013063CP87 701 State of MN GO10613 585,000.00 584,052.80 08/01/20202.08009/16/2014 582,402.606041293K0 458 Superior WI Sch Dist10788 300,000.00 300,000.00 03/01/20241.95010/04/2016 290,487.00 AA868424JW3 1,766 Superior WI Sch Dist10789 295,000.00 307,760.04 03/01/20233.00010/04/2016 299,832.10868424JV5 1,400 Tulsa CO ISD #510912 2,000,000.00 2,006,913.41 06/01/20213.12506/07/2018 2,028,700.00899593MA2 762 Univ of Pttsburgh PA10816 1,000,000.00 1,004,613.56 09/15/20232.73201/20/2017 1,007,310.00914805EU6 1,598 Victor VLY CA Cmnty Clg D10846 1,000,000.00 1,002,662.95 08/01/20252.72806/26/2017 993,730.0092603PEV0 2,284 Portfolio INVT AP Run Date: 05/13/2019 - 11:25 PM (PRF_PM2) 7.3.0 Page 38 Moody's Page 5 Par Value Book Value Maturity Date Stated RateMarket Value April 30, 2019 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of Plymouth Investments Days to MaturityS&PCUSIPInvestment # Purchase Date Municipal Bonds Wilmot Wis Union High Sch Dist10809 1,000,000.00 1,012,541.07 03/01/20222.60001/18/2017 999,940.00 AA971838DN4 1,035 Whitemore Lake SD - B10753 2,000,000.00 2,029,895.83 05/01/20212.74905/27/2016 1,997,240.00966578LW4 731 43,879,559.3543,692,706.3043,590,000.0047,751,404.76Subtotal and Average 1,291 124,790,847.36 120,613,423.45 1,312120,363,413.77 120,946,081.32Total and Average Portfolio INVT AP Run Date: 05/13/2019 - 11:25 PM (PRF_PM2) 7.3.0 Page 39 Moody's Page 6 Par Value Book Value Stated RateMarket Value April 30, 2019 Portfolio Details - Cash Average BalanceIssuer Portfolio Management City of Plymouth Investments Days to MaturityS&PCUSIPInvestment # Purchase Date 0.00 124,790,847.36 120,613,423.45 1,312 0 3,663.20 3,663.20 3,663.20 3,663.20 Subtotal Accrued Interest at PurchaseAverage Balance 120,367,076.97 120,949,744.52Total Cash and Investments Portfolio INVT AP Run Date: 05/13/2019 - 11:25 PM (PRF_PM2) 7.3.0 Page 40 Page 1 Par Value Stated Rate April 30, 2019 Investment Status Report - Investments Portfolio Management Book Value Maturity Date Current Principal City of Plymouth Investments YTM 365 Days to Maturity Market ValueCUSIPInvestment # Issuer Purchase Date Accrued Interest At Purchase Certificates of Deposit AMEX10636 248,000.00 248,000.002.20011/29/201902587DWK0 247,454.4011/28/2014 248,000.002.200212 CAPONE10632 248,000.00 248,000.002.10011/26/2019140420RC6 247,446.9611/26/2014 248,000.002.100209 CITBAN10633 248,000.00 248,000.002.20011/26/201917284C4L5 247,623.0411/26/2014 248,000.002.200209 CITIBK10945 248,000.00 248,000.003.15009/07/202217312QS42 250,770.1609/07/2018 248,000.003.1501,225 COMENI10946 248,000.00 248,000.003.15009/14/202220033AF27 250,775.1209/14/2018 248,000.003.1501,232 DISCOV10634 248,000.00 248,000.002.10011/26/2019254672EP9 247,461.8411/26/2014 248,000.002.100209 GOLDMN10591 245,000.00 245,000.002.00006/11/201938147JG55 244,804.0006/11/2014 245,000.002.00041 JPMORG10947 248,000.00 248,000.003.15009/14/202248128FQT2 248,895.2809/14/2018 248,000.003.1501,232 SALLIE10841 245,000.00 245,000.002.35006/21/2022795450A70 241,758.6506/21/2017 245,000.002.3501,147 SYNCHR10592 245,000.00 245,000.002.00006/13/201987165HAP5 244,823.6006/13/2014 245,000.002.00043 THIRDF10631 248,000.00 248,000.002.00011/25/201988413QAW8 247,449.4411/24/2014 248,000.002.000208 WELLSF10948 248,000.00 248,000.003.15009/14/2022949763TQ9 249,827.7609/14/2018 248,000.003.1501,232 2,967,000.00Certificates of Deposit Totals 2,967,000.000.006002,967,000.00 2.464 2,969,090.25 US Bank Sweep - Money Market Fund USBANK10375 0.00 0.000.1500492100897 0.0012/01/2010 0.000.1501 0.00US Bank Sweep - Money Market Fund Totals 0.000.0000.00 0.000 0.00 Bankers Acceptances -Amortizing USBANK10960 328,440.00 328,142.212.72005/13/20199033A1SD1 327,545.0012/03/2018 324,444.712.83112 USBANK10970 429,000.00 428,968.662.63005/02/20199033A1S25 428,116.7401/24/2019 425,928.602.7231 USBANK10973 300,000.00 298,175.502.67007/22/20199033A1UN6 297,862.9201/29/2019 296,128.502.78182 USBANK10974 301,432.00 299,818.082.57007/15/20199033A1UF3 299,415.4202/12/2019 298,139.612.67175 USBANK10975 417,816.00 417,426.742.58005/14/20199033A1SE9 416,652.1502/19/2019 415,300.752.66813 USBANK10976 439,449.00 436,689.502.54007/29/20199033A1UV8 436,098.2002/21/2019 434,550.122.64089 USBANK10977 349,359.00 348,703.952.50005/28/20199033A1SU3 348,089.6602/22/2019 347,054.202.58727 USBANK10978 335,740.00 335,118.042.47005/28/20199033A1SU3 334,520.1502/22/2019 333,551.632.55627 USBANK10979 300,000.00 299,122.082.45006/13/20199033A1TD0 298,600.3303/11/2019 298,080.832.53543 USBANK10980 300,000.00 298,999.582.45006/19/20199033A1TK4 298,489.8303/20/2019 298,142.082.53449 USBANK10981 355,182.00 352,740.132.50008/08/20199033A1V88 352,251.7503/20/2019 351,704.182.59599 USBANK10982 366,917.00 365,198.202.48007/08/20199033A1U89 365,198.2004/18/2019 364,869.602.56468 USBANK10983 476,665.00 474,333.582.48007/11/20199033A1UB2 474,333.5804/18/2019 473,906.702.56471 USBANK10987 300,000.00 297,611.252.45008/26/20199033A1VS4 297,611.2504/29/2019 297,570.422.539117 4,981,047.50Bankers Acceptances -Amortizing Totals 4,959,371.930.00545,000,000.00 2.628 4,974,785.18 Portfolio INVT AP Run Date: 05/13/2019 - 11:25 PM (PRF_PMS) 7.3.0 Report Ver. 7.3.3aPage 41 Page 2 Par Value Stated Rate April 30, 2019 Investment Status Report - Investments Portfolio Management Book Value Maturity Date Current Principal City of Plymouth Investments YTM 365 Days to Maturity Market ValueCUSIPInvestment # Issuer Purchase Date Accrued Interest At Purchase Federal Agency Coupon Securities FAMC10512 1,000,000.00 1,000,000.002.00011/29/202131315PQL6 990,990.0011/29/2012 1,000,000.002.000943 FAMC10768 2,000,000.00 2,000,000.001.26007/19/20213132X0HQ7 1,950,980.0007/19/2016 2,000,000.001.260810 FAMCA10478 1,000,000.00 1,000,000.001.40009/27/201931315PVD8 995,390.0009/27/2012 1,000,000.001.400149 FFCB10724 1,000,000.00 1,000,000.002.00002/16/20223133EFZL4 991,250.0002/16/2016 1,000,000.002.1611,022 FFCB10734 2,000,000.00 2,000,000.001.49003/30/20203133EFV20 1,980,880.0003/30/2016 2,000,000.001.490334 FFCB10740 1,000,000.00 1,000,000.001.92004/19/20223133EF4A2 988,510.00 Received04/29/2016 1,000,000.001.9201,084 FFCB10742 1,000,000.00 1,000,000.002.00005/16/20233133EGAD7 987,040.0005/16/2016 1,000,000.002.0001,476 FFCB10743 1,000,000.00 1,000,000.001.58002/17/20213133EGAZ8 986,020.0005/17/2016 1,000,000.001.580658 FFCB10764 1,000,000.00 1,000,000.001.48007/14/20213133EGLU7 980,860.0007/14/2016 1,000,000.001.480805 FFCB10765 1,000,000.00 1,000,000.001.72004/14/20223133EGLZ6 982,740.0007/14/2016 1,000,000.001.7201,079 FFCB10767 1,000,000.00 1,000,000.001.44001/19/20213133EGMP7 984,220.0007/19/2016 1,000,000.001.440629 FFCB10807 1,000,000.00 980,253.131.82004/25/20233133EGZV0 980,310.00 Received01/17/2017 968,906.252.3561,455 FFCB10923 1,000,000.00 994,266.203.00002/05/20253133EJBN8 1,000,010.00 Received07/02/2018 993,439.583.1112,107 FFCB10930 2,000,000.00 1,949,282.892.59005/30/20243133EHLD3 1,989,680.00 Received07/16/2018 1,941,380.003.1401,856 FFCB10985 1,000,000.00 1,000,000.002.70004/24/20233133EKJJ6 1,000,000.0004/24/2019 1,000,000.002.7001,454 FHLB10484 441,176.47 441,176.471.37010/24/2019313380Z75 438,511.7610/24/2012 441,176.471.370176 FHLB10693 2,000,000.00 2,000,000.002.23007/26/20223130A6LE5 1,987,460.0010/26/2015 2,000,000.002.2301,182 FHLB10710 2,000,000.00 2,000,000.002.00001/27/20223130A73W3 1,981,220.0001/27/2016 2,000,000.002.0001,002 FHLB10714 1,000,000.00 1,001,114.932.50001/27/20223130A72V6 999,820.00 Received02/08/2016 1,002,430.002.2591,002 FHLB10719 1,000,000.00 1,000,000.001.37002/10/20203130A7A70 990,670.0002/10/2016 1,000,000.001.370285 FHLB10748 1,000,000.00 1,016,773.302.25003/11/2022313378CR0 998,080.00 Received05/25/2016 1,033,970.001.6331,045 FHLB10755 1,000,000.00 1,000,000.002.00006/13/20233130A8EP4 985,860.0006/13/2016 1,000,000.002.0001,504 FHLB10756 1,000,000.00 1,000,000.002.00006/13/20233130A8EP4 985,860.0006/13/2016 1,000,000.002.0001,504 FHLB10780 1,000,000.00 999,686.311.83009/22/20233130A9GV7 978,190.0009/22/2016 999,500.001.8381,605 FHLB10818 1,000,000.00 1,000,000.002.67001/26/20243130AAPY8 1,000,000.0001/26/2017 1,000,000.002.6701,731 FHLB10842 2,000,000.00 1,998,223.262.25011/22/20233130AA5J3 1,976,320.00 Received06/23/2017 1,997,500.002.2711,666 FHLB10848 2,000,000.00 2,000,000.002.55006/27/20243130ABJW7 1,997,300.0006/27/2017 2,000,000.002.5501,884 FHLB10877 1,000,000.00 1,000,000.002.80012/04/20243130ACXB5 1,000,000.0012/04/2017 1,000,000.002.8002,044 FHLB10889 1,000,000.00 1,000,000.002.78001/29/20253130ADEH1 996,310.0001/29/2018 1,000,000.002.7802,100 FHLB10919 1,000,000.00 965,608.262.95009/27/20273130ACHC1 981,690.00 Received07/02/2018 962,210.003.4303,071 FHLB10927 1,000,000.00 1,000,000.003.58007/11/20253130AEL81 1,001,460.0007/11/2018 1,000,000.003.5802,263 FHLB10951 2,000,000.00 1,932,721.413.15012/27/20273130ADAD4 1,998,180.00 Received10/04/2018 1,928,252.003.6103,162 FHLB10971 2,000,000.00 2,000,000.003.12501/29/20243130AFP92 2,001,700.0001/29/2019 2,000,000.003.1251,734 FHLB10972 1,000,000.00 1,000,000.002.65001/29/20213130AFRA7 1,002,110.0001/29/2019 1,000,000.002.650639 FHLB10984 1,000,000.00 985,616.951.37509/28/20203130ACE26 985,616.95 954.8604/23/2019 985,390.002.420516 Portfolio INVT AP Run Date: 05/13/2019 - 11:25 PM (PRF_PMS) 7.3.0 Page 42 Page 3 Par Value Stated Rate April 30, 2019 Investment Status Report - Investments Portfolio Management Book Value Maturity Date Current Principal City of Plymouth Investments YTM 365 Days to Maturity Market ValueCUSIPInvestment # Issuer Purchase Date Accrued Interest At Purchase Federal Agency Coupon Securities FHLMC10461 1,000,000.00 1,000,000.001.50006/27/20193134G3XJ4 997,730.0006/27/2012 1,000,000.001.50057 FHLMC10472 2,000,000.00 2,000,000.001.55008/21/20203134G3D64 1,975,160.0008/21/2012 2,000,000.001.550478 FHLMC10781 1,000,000.00 1,000,000.001.75009/22/20233134GAHJ6 971,080.0009/22/2016 1,000,000.001.7501,605 FHLMC10793 2,000,000.00 1,998,089.831.60010/13/20233134GAQL1 1,971,920.00 Received10/17/2016 1,997,000.002.1671,626 FHLMC10921 1,000,000.00 986,877.353.01002/21/20253134GSCW3 1,000,410.00 Received07/02/2018 985,000.003.2632,123 FHLMC10986 2,000,000.00 2,000,000.002.70010/25/20223134GTHK2 2,000,000.0004/25/2019 2,000,000.002.7001,273 FNMA10499 2,000,000.00 2,000,000.001.35001/30/20203136G0X63 1,982,340.00 Received11/05/2012 2,000,000.001.350274 FNMA10758 1,000,000.00 1,000,000.001.80006/14/20213136G3RK3 984,030.0006/14/2016 1,000,000.001.800775 FNMA10783 2,000,000.00 2,000,000.001.50012/28/20213136G35U5 1,958,780.0009/28/2016 2,000,000.001.500972 FNMA10785 1,000,000.00 1,000,000.001.62509/30/20213136G4AH6 983,560.0009/30/2016 1,000,000.001.625883 58,249,690.29Federal Agency Coupon Securities Totals 58,236,154.30954.861,26658,441,176.47 2.182 57,900,248.71 Miscellaneous Coupon Securities SBA10595 357,627.20 364,560.153.19103/01/2024831641FA8 363,234.79 Received07/02/2014 371,485.252.7341,766 364,560.15Miscellaneous Coupon Securities Totals 371,485.250.001,766357,627.20 2.734 363,234.79 Pass Through Securities (GNMA/CMO) FHLMC10763 1,500,000.00 1,552,968.752.57309/25/20223137AXHP1 1,500,195.00 Received05/27/2016 1,552,968.751.2481,243 FNMA10420 271,723.60 288,876.154.00008/01/202131417Y4V6 279,897.05 Received08/16/2011 288,876.152.481823 FNMA10421 411,797.70 433,545.774.00007/01/202531419AMZ7 424,184.57 Received08/16/2011 433,545.772.9502,253 FNMA10659 475,752.06 489,727.282.50010/01/202731417DL76 475,490.40 Received04/20/2015 489,727.281.8453,075 FNMA10814 524,977.13 523,172.532.21012/01/20223138L16Z7 520,499.08 Received01/20/2017 523,172.532.2501,310 FNMA10910 1,688,838.92 1,675,117.113.00010/01/20323140GUKS5 1,705,220.66 Received05/17/2018 1,675,117.113.1094,902 FNMA10940 2,000,000.00 2,006,250.003.23004/01/20253138LM3Q4 2,057,320.00 Received07/20/2018 2,006,250.003.0242,162 FNMA10968 1,000,000.00 1,025,937.503.44008/01/20263138L6WT1 1,052,760.00 Received01/17/2019 1,025,937.502.5502,649 GNMA10366 253,299.68 270,634.884.50005/15/20253620AWE48 263,467.13 Received07/28/2010 270,634.883.2502,206 GNMA10403 726,044.30 754,859.183.50005/15/202636241LU95 743,462.10 Received06/16/2011 754,859.182.7812,571 KFMS10812 1,000,000.00 1,040,468.753.17110/25/20243137BFE98 1,024,560.00 Received01/20/2017 1,040,468.751.8882,004 SBAPL10618 405,186.39 442,666.134.16711/25/202183165AQV9 416,292.55 Received09/22/2014 442,666.131.320939 10,504,224.03Pass Through Securities (GNMA/CMO) Totals 10,504,224.030.002,44110,257,619.78 2.421 10,463,348.54 Municipal Bonds 3 CROW10669 1,315,000.00 1,326,798.234.44609/01/2019052396UY2 1,325,257.00 Received06/29/2015 1,462,674.501.649123 ALLDEV10811 1,000,000.00 980,008.642.35309/01/2025018100DN4 974,120.00 Received01/20/2017 972,810.002.7022,315 ANDOVE10519 910,000.00 911,951.942.00002/01/2020034313ZQ2 904,039.5012/27/2012 928,463.901.683276 Portfolio INVT AP Run Date: 05/13/2019 - 11:25 PM (PRF_PMS) 7.3.0 Page 43 Page 4 Par Value Stated Rate April 30, 2019 Investment Status Report - Investments Portfolio Management Book Value Maturity Date Current Principal City of Plymouth Investments YTM 365 Days to Maturity Market ValueCUSIPInvestment # Issuer Purchase Date Accrued Interest At Purchase Municipal Bonds ANDOVE10520 925,000.00 926,899.842.00002/01/2021034313ZR0 914,297.7512/27/2012 933,787.501.859642 BLOSCD10739 1,230,000.00 1,242,595.962.49005/01/2021094383FR2 1,225,362.90 Received04/29/2016 1,261,524.902.155731 CARDEV10718 775,000.00 784,405.102.43008/01/202114329NEB6 772,101.50 Received02/10/2016 797,885.752.000823 CLACKA10965 990,000.00 999,755.743.44006/15/2025179162HK1 1,021,798.8012/20/2018 1,000,335.603.2562,237 COLUMB10869 1,000,000.00 1,000,000.002.48004/01/2025199492UV9 984,600.0010/25/2017 1,000,000.002.4802,162 DISTRI10766 1,055,000.00 1,097,058.685.27006/01/202025476FKZ0 1,085,320.70 Received07/15/2016 1,205,548.501.491397 EAUCLA10882 1,000,000.00 958,914.582.15004/01/2026278444DH4 957,310.00 Received12/18/2017 950,780.002.8202,527 FLORID10720 1,000,000.00 1,010,976.852.99507/01/202034074GDH4 1,005,280.00 Received02/10/2016 1,041,320.002.007427 FLSTBR10924 1,000,000.00 993,285.342.63807/01/2021341271AB0 1,002,490.00 Received07/03/2018 990,720.002.964792 GEORGI10759 500,000.00 503,113.202.00002/01/20203733844Q6 498,230.0007/07/2016 514,805.001.150276 GRNBAY10515 1,455,000.00 1,458,354.331.90004/01/2021392643TB8 1,437,961.9512/11/2012 1,469,535.451.770701 GRNBAY10516 930,000.00 930,874.021.65004/01/2020392643TA0 921,788.1012/11/2012 936,965.701.541336 ITASCA10815 500,000.00 501,726.212.65002/01/2024465468DG8 497,760.00 Received01/20/2017 502,555.002.5701,737 LOSANG10929 1,000,000.00 1,001,172.743.11009/01/2023544351MP1 1,020,450.0007/12/2018 1,001,390.003.0801,584 MEMPHI10778 500,000.00 564,384.115.05607/01/2024586145WG5 557,625.00 Received09/15/2016 597,130.002.4481,888 MILAN10754 1,000,000.00 1,008,104.072.13105/01/2021598801JE9 992,620.00 Received06/03/2016 1,019,900.001.707731 MINNTO10524 1,000,000.00 1,011,184.822.90001/01/2026604195VE4 1,000,340.00 Received02/14/2013 1,021,610.002.6992,437 MNDSCD10843 2,000,000.00 2,055,945.333.00002/01/2024620637W87 2,038,860.00 Received06/23/2017 2,077,800.002.3601,737 NEIHGR10849 530,000.00 530,000.002.45006/01/2024664214MG5 524,599.3006/29/2017 530,000.002.4501,858 NEIHGR10850 555,000.00 555,000.002.70006/01/2026664214MJ9 552,352.6506/29/2017 555,000.002.7002,588 NEIHGR10851 375,000.00 375,000.002.85006/01/2027664214MK6 373,953.7506/29/2017 375,000.002.8502,953 NEWYOR10676 2,000,000.00 1,961,395.512.40011/01/202364971QJ20 1,972,520.00 Received07/14/2015 1,928,820.002.8851,645 NMSGEN10721 1,190,000.00 1,219,935.593.10006/15/202264711NVA0 1,215,799.20 Received02/10/2016 1,250,856.602.4011,141 NWTSCD10784 1,000,000.00 1,080,899.644.97304/01/2025652577FA0 1,031,120.00 Received09/30/2016 1,116,260.003.3882,162 NYCITY10844 1,000,000.00 981,987.741.70008/01/202264966MED7 969,290.00 Received06/26/2017 971,750.002.3111,188 OHIOST10896 1,000,000.00 963,707.582.20005/01/2024677522JC9 980,660.00 Received03/05/2018 955,320.003.1681,827 OKLAHO10952 2,000,000.00 2,004,094.373.00010/01/2020678720KJ1 2,014,340.00 1,666.6710/11/2018 2,005,700.005.826519 ROBBIN10957 1,000,000.00 1,000,000.003.25002/01/2024770265FQ4 1,034,860.0011/06/2018 1,000,000.003.6241,737 SANFRA10911 1,000,000.00 1,018,615.223.75006/15/20257976462X3 1,047,880.0005/23/2018 1,021,470.003.7032,237 SHEPHE10824 1,000,000.00 1,000,000.002.55005/01/2023823348DS3 991,970.0002/15/2017 1,000,000.002.7921,461 SIO10845 675,000.00 675,000.002.70006/01/2026829458HZ4 662,296.50 Received06/26/2017 675,000.002.8792,588 STOFCA10751 1,000,000.00 997,974.311.50004/01/202113063CP87 983,810.00 Received05/27/2016 994,880.001.610701 STOFMN10613 585,000.00 584,052.802.08008/01/20206041293K0 582,402.60 Received09/16/2014 580,548.152.216458 SUPSCD10788 300,000.00 300,000.001.95003/01/2024868424JW3 290,487.0010/04/2016 300,000.001.9501,766 SUPSCD10789 295,000.00 307,760.043.00003/01/2023868424JV5 299,832.1010/04/2016 316,331.451.8001,400 Portfolio INVT AP Run Date: 05/13/2019 - 11:25 PM (PRF_PMS) 7.3.0 Page 44 Page 5 Par Value Stated Rate April 30, 2019 Investment Status Report - Investments Portfolio Management Book Value Maturity Date Current Principal City of Plymouth Investments YTM 365 Days to Maturity Market ValueCUSIPInvestment # Issuer Purchase Date Accrued Interest At Purchase Municipal Bonds TULSA10912 2,000,000.00 2,006,913.413.12506/01/2021899593MA2 2,028,700.00 1,041.6706/07/2018 2,009,900.001.896762 UNIVPI10816 1,000,000.00 1,004,613.562.73209/15/2023914805EU6 1,007,310.00 Received01/20/2017 1,007,020.002.5951,598 VVYHGR10846 1,000,000.00 1,002,662.952.72808/01/202592603PEV0 993,730.00 Received06/26/2017 1,003,450.002.6802,284 WILMOT10809 1,000,000.00 1,012,541.072.60003/01/2022971838DN4 999,940.00 Received01/18/2017 1,022,660.002.1461,035 WTMSCD10753 2,000,000.00 2,029,895.832.74905/01/2021966578LW4 1,997,240.00 Received05/27/2016 2,073,660.002.121731 43,879,559.35Municipal Bonds Totals 44,381,168.002,708.341,29143,590,000.00 2.550 43,692,706.30 120,946,081.32Investment Totals 120,363,413.77 121,419,403.513,663.20120,613,423.45 1,312 2.363 Portfolio INVT AP Run Date: 05/13/2019 - 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