HomeMy WebLinkAboutCouncil Information Memorandum 06-07-2012CITY OF PLYMOUTH
rp) COUNCIL INFO MEMO
June 7, 2012
EVENTS / MEETINGS
June, July, August 2012 Official City Meeting Calendars.................................................................. Page 2
Environmental Quality Committee Agenda 06/13/2012...................................................................... Page 5
Parks and Recreation Advisory Commission Agenda 06/14/12........................................................... Page 6
Tentative List of Agenda Items for Future City Council Meetings ..................................................... Page 7
CORRESPONDENCE
Elm Creek Watershed Management Commission Re: Ad Valorem Tax Levy Process ....................... Page 9
Letter to Residents Re: Public Works Crew Applying Asphalt Overlay to Streets ............................ Page 11
Letter to Property Owners Re: Home Occupation License for Maria Finterikou Kirsch (2012006) . Page 13
Letter to Property Owners Re: Additional Signage for Park Place Apartments (2012035) .............. Page 14
Letter to Property Owners Re: Variance for Direction Signage — Hazeldon Center (2012040)......... Page 15
Ehlers Market Commentary — Euro Fears persist, Jobs Disappoint & Yields on Treasuries Sink ..... Page 16
Panel Backs New Route for Bottineau LRT, Finance & Commerce .................................................. Page 19
MINUTES
Approved Minutes - Planning Commission Meeting 05/16/2012...................................................... Page 21
r�
City of
Plymouth
Adding Quality to Life
June 2012
Modified on 06106112
Council Chambers
Page 2
1
2
6:00 PM
PLYMOUTH
3
4
5
ADVISORY
6
7
8
9
COMMITTEE ON
TRANSIT (PACT)
STUDY SESSION
Medicine Lake Room
7:00 PM
PLANNING
COMMISSION
MEETING
10
11
12CANCELLED
13
14
15
16
7:00 PM
7:00 PM
REGULAR COUNCIL
ENVIRONMENTAL
PARK ft REC
MEETING
QUALITY
ADVISORY
Council Chambers
COMMITTEE
COMMISSION
(EQC) MEETING
(PRAC) MEETING
Council Chambers
Plymouth Creek
Center
17
18
19
20
21
22
23
7:00 PM
PLANNING
COMMISSION
MEETING
Council Chambers
24
25
26 5:30 PM
2 7CANCELLED
28
29
30 8:00 AM
SPECIAL COUNCIL
PLYMOUTH
7:00 PM
MUSIC IN
MEETING
ADVISORY
HRA MEETING
PLYMOUTH
Receive Transit Report
from Plymouth Advi-
COMMITTEE ON
Medicine Lake Room
5K FUN RUN
sory Committee on
TRANSIT (PACT)
Hilde Performance
Transit (PACT)
STUDY SESSION
Center
Medicine Lake Room
Medicine Lake Room
7:00 PM
REGULAR COUNCIL
MEETING
Modified on 06106112
Council Chambers
Page 2
rCity of
Plymouth
Adding Quality to Life
July 2012
1
2
3
4
5
6
7
5:00 PM
MUSIC IN
INDEPENDENCE
PLYMOUTH
DAY
Hilde Performance
Center
CITY OFFICES
CLOSED
CANCELLED
PLANNING COMMISSION
MEETING
Council Chambers
8
9
10 7:00 PM
11
12
13
14
REGULAR
7:00 PM
COUNCIL MEETING
ENVIRONMENTAL
QUALITY COMMITTEE
Council Chambers
(EQC) MEETING
Council Chambers
15
16
17
18 7:00 PM
19
20
21
PLANNING
COMMISSION
MEETING
Council Chambers
22
23
24 7:00 PM
25 7:00 PM
26 7:00 PM
27
28
REGULAR
PLYMOUTH
HRA MEETING
COUNCIL MEETING
ADVISORY
Medicine Lake Room
Council Chambers
COMMITTEE ON
TRANSIT (PACT)
STUDY SESSION
Medicine Lake Room
29
30
31
Modified on 06107112
Page 3
r�
City of
Plymouth
Adding Quality to Life
August 2012
Modified on 06107112
Page 4
1
2
3
4
7:00 PM
7:00 PM
PLANNING
HUMAN RIGHTS
COMMISSION
COMMITTEE
MEETING
MEETING
Council Chambers
Medicine Lake Room
5
6
7
8
9
10
11
2:30-5:00 PM
7:00 PM
NIGHT TO UNITE
ENVIRONMENTAL
KICKOFF
QUALITY
Plymouth Creek Center
COMMITTEE
(EQC) MEETING
6:30-9:30 PM
Council Chambers
NIGHT TO UNITE
12
13
14
15
16
17
18
7:00 PM
PLANNING
PRIMARY
COMMISSION
ELECTION DAY
MEETING
Council Chambers
8:00 PM
REGULAR COUNCIL
MEETING
Council Chambers
19
20
21 6:00 PM
22
23
24
25
SPECIAL COUNCIL
7:00 PM
7:00 PM
MEETING
PLYMOUTH
HRA MEETING
Budget Study Session
ADVISORY
Medicine Lake Room
Medicine Lake Room
COMMITTEE ON
TRANSIT (PACT)
MEETING
Medicine Lake Room
26
27
28
29
30
31
7:00 PM
REGULAR COUNCIL
MEETING
Council Chambers
Modified on 06107112
Page 4
ENVIRONMENTAL QUALITY COMMITTEE
AGENDA
June 13, 2012
WHERE: COUNCIL CHAMBERS
Plymouth City Hall
3400 Plymouth Boulevard
Plymouth, MN 55447
CONSENT AGENDA
All items listed on the consent agenda* are considered to be routine by the Environmental
Quality Committee 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 considered in normal sequence on the agenda.
1. 7:00 P.M. CALL TO ORDER
2. 7:00 P.M. PUBLIC FORUM — Individuals may address the Committee about any item
not contained in the regular agenda. A maximum of 15 minutes is allotted for the Forum.
3. 7:15 P.M APPROVAL OF AGENDA - EQC members may add items to the agenda for
discussion purposes or staff direction only. The EQC will not normally take official action
on items added to the agenda.
4. 7:20 P.M. PRESENTATIONS AND PUBLIC INFORMATION ANNOUNCEMENTS
5. 7:25 P.M. PUBLIC INFORMATION MEETING
A. Storm Water Pollution Prevention Program — Public Information Meeting
6. 7:40 P.M. CONSENT AGENDA*
A. Approve May 9, 2012, Environmental Quality Committee Meeting Minutes (Asche)
B. Approve 2012 Environmental Champions (Asche)
C. Approve 2011 MS4 Annual Report (Asche)
7. 7:45 P.M. GENERAL BUSINESS
A. Shingle Creek Watershed 3rd Generation Plan (Polzin)
B. EQC Sponsored Project (Asche)
C. Adopt -A -Street pick-up day in July (Asche)
8. REPORTS AND STAFF RECOMMENDATIONS
9. FUTURE MEETINGS — July 11, 2012
10. 8:30 P.M. ADJOURNMENT
Page 5
rp)City of
Plymouth
Adding Quality to Life
DATE Et TIME:
LOCATION:
1. CALL TO ORDER
PARKS AND RECREATION ADVISORY
COMMISSION
MEETING AGENDA
Thursday, June 14, 2012
PLYMOUTH CREEK CENTER
Plymouth Creek Center, 14800 34th Ave., Plymouth, Minnesota 55447
2. APPROVAL OF MINUTES
3. OPEN FORUM:
4. VISITOR PRESENTATIONS (NON -ACTION ITEMS):
4a. Wedding/Events- Angie Dehn
4b. Seniors Program - Sara Mittelstaedt
4c. Plymouth Creek Center/ Fieldhouse Operations - Susan Muelken
5. COMMISSIONER/STAFF UPDATE (NON ACTION ITEMS):
5a. 2013-2017 CIP Draft Review
5b. Field Turf Replacement Update
5c. Land Acquisition Update
5d. Up -coming Community/Special Events
6. NEW BUSINESS (ACTION ITEMS):
6a. PCC Field House Fees
6b. 2012 Trail Project (updated info provided at meeting)
7. ADJOURNMENT
NEXT REGULAR MEETING - September 13, 2012 at the Park Maintenance Facility
Page 6
Tentative Schedule for
City Council Agenda Items
June 26, Special, 5:30 p.m., Medicine Lake Room
• Receive Transit Report from Plymouth Advisory Committee on Transit (PACT)
• Basketball structures in the right-of-way
June 26, Regular, 7:00 p.m., Council Chambers
• Announce 5k Run on June 30 and Music in Plymouth on July 3
• Public Improvement and Assessment Hearing for Plymouth Boulevard Mill and Overlay Project
(12006)
• Receive and accept the 2011 Comprehensive Annual Financial Report
• Debt Study
• Accept donation from Wayzata Youth Hockey Association for technology at the Plymouth Ice
Center
July 10, Regular, 7:00 p.m., Council Chambers
• Appoint election judges for State Primary Election
• Announce "Night to Unite" on August 7
• Recognition of donation and support for the Parks and Recreation from Home Depot in
Plymouth, Heritage Woods Estates Homeowners Association and the Wayzata Youth Hockey
Association
• Public Improvement and Assessment Hearing for Kingsview Heights Edge Mill and Overlay
Project (12002)
• Accept and Recognize Donations and Support for the Parks and Recreation Department from
Home Depot, Heritage Woods Estates Homeowners Association, and the Wayzata Youth
Hockey Association
• Approve the Submission of a Business Development Public Infrastructure grant application to
the Minnesota Department of Employment and Economic Development and adopt a resolution
approving a SAC Credit transfer between the City of Plymouth and the Mdwakenton Souix
Community on behalf of St. Jude Medical
July 24, Regular, 7:00 p.m., Council Chambers
• Project and Assessment Hearing for the Revere Lane/6th Avenue/Kilmer Lane Mill and Overlay
Project (12005)
August 14, Regular, 8:00 p.m., Council Chambers
August 21, Special, 6:00 p.m., Medicine Lake Room
• Budget
August 28, Regular, 7:00 p.m., Council Chambers
September 11, Regular, 7:00 p.m., Council Chambers
• Approve 2013 proposed budgets, preliminary tax levies and budget hearing date
September 25, Regular, 7:00 p.m., Council Chambers
Page 7
• Announce Plymouth on Parade on September 29
October 9, Regular, 7:00 p.m., Council Chambers
• Appoint additional election judges for the General Election
October 23, Regular, 7:00 p.m., Council Chambers
• Announce Halloween on the Creek on October 31 at Plymouth Creek Center
November 13, Regular, 7:00 p.m., Council Chambers
• Canvass 2012 General Election results
November 27, Regular, 7:00 p.m., Council Chambers
• Announce Old Fashioned Christmas on December 2
December 11, Regular, 7:00 p.m., Council Chambers
• Recognize Police Citizen Academy Graduates
• Announce New Year's Eve Event at the Plymouth Ice Center
Page 8
elm creek
Watershed Management Commission
ADMINISTRATIVE OFFICE TECHNICAL OFFICE
3235 Fernbrook Lane Hennepin County DES
Plymouth, MN 55447 701 Fourth Ave S Suite 700
PH: 763.553.1144 Minneapolis, MN 55415-1600
FAX: 763.553.9326 PH: 612.596.1171
email: judie(a)lass.biz FAX: 612.348.8532
www.elmcreekwatershed.org email: Ali.Durgunoglu@co.hennepin.mn.us
June 5, 2012
Member Cities
Elm Creek Watershed Management Commission via email
Hennepin County, Minnesota
Re: Ad Valorem Tax Levy Process
Dear Members:
The Elm Creek Watershed Management Commission is about to initiate the review process to amend
its Second Generation Watershed Management Plan. One of the components of the amendment is a
revised and updated Capital Improvement Program. The following is an overview of the ad valorem
tax levy process as it pertains to funding the Commission's share of the Capital Improvement Projects
(CIPS) identified in the proposed amendment.
In accordance with Minn. Stat. §1036.251, the Commission's current Joint Powers Agreement (JPA)
provides for the levy and collection of an ad valorem tax spread across all taxpayers within the Elm
Creek watershed for all or any part of the cost of a capital improvement contained in the
Commission's Capital Improvement Program.
The Commissioners have approved a 25% cost -share, up to $250,000, for these projects. The balance
of the project cost will be shared by the local governments participating in or benefiting from the
improvement. It is up to the cities to decide the funding mechanism that is best suited to them for
payment of their 75% share of the project costs. For example, the cities could choose to fund their
portion from a special assessment, storm drainage utility, general tax levy, or watershed management
taxing district. They could also seek funding from grants to augment their portion of the costs.
The Process.
1. Early in a year (March -April) the Commission's Technical Advisory Committee (TAC) will be
convened to review the proposed projects specified in the CIP for that year. At that time cities that
are not ready to proceed with their projects will ask the Commission to delay them to a future year.
Others may provide updated information concerning their projects. Still others may request
reimbursement for projects included on the CIP for which work has begun/been completed prior to
their certification.
CHAMPLIN - CORCORAN - DAYTON - MAPLE GROVE - MEDINA - PLYMOUTH - ROGERS page 9
Ad Valorem Tax Levy Process
June 5, 2012
Page 2
2. Projects identified by the TAC as ready to be advanced will be recommended to the
Commission for authorization to proceed. Feasibility Reports on the recommended improvements
will be requested from the parties responsible for the projects.
3. The TAC will reconvene to review the Feasibility Reports (May). After their review, the TAC
will recommend to the Commission whether to accept the Feasibility Reports. Upon acceptance of
the reports, the Commission will order a public hearing to take comment on those projects.
4. 45 days prior to the date of the public hearing, notice of the hearing will be mailed to the
member cities and Hennepin County. Legal notices will be published in the official newspapers of the
member cities twice between 10 and 30 days prior to the date of the hearing.
5. The public hearing can occur during a regular meeting of the Commission, convened no later
than August 31. At that meeting and following the hearing, the Commission will vote to order the
projects and direct Staff to certify the costs to Hennepin County. Monies for projects certified in 2013
will be received in 2014, etc.
6. The Commission will enter into an agreement with the lead member city to construct the
project.
The major plan amendment process will begin within the month. Please take time to review and
comment on the documents that will be mailed to you. Thank you.
Regards,
�trti
Judie A. Anderson
Administrator
JAA:tim
Cc via email: Elm Creek Commissioners
Elm Creek TAC Members
Elm Creek Staff
Z:\Elm Creek\Management Plan\L_Tax Levy Processl.doc
CHAMPLIN - CORCORAN - DAYTON - MAPLE GROVE - MEDINA - PLYMOUTH - ROGERS page 10
May 29, 2012
Dear Resident:
The Public Works crews will be applying an asphalt overlay to some
of the streets in your neighborhood. It is intended to delay extensive
reconstruction. No asphalt or concrete curbing will be replaced as
part of the project. This activity is one of the street maintenance
programs. It is funded from the street department budget and you will
not be assessed.
During the project it is possible you will experience some minor
inconveniences such as rerouting, no parking on streets, etc. Prior to
the overlay you may see preparatory work such as milling edges,
sweeping and pot hole patching. Once the overlay work starts it will
last approximately one to five days weather permitting.
Sorry for any inconvenience this may cause. If you have any
questions please call 763-509-5950 and ask for Street Supervisor
Gary Smith or Leadperson Torrey Keith.
Sincerely,
Gary Smith
Street Maintenance Supervisor
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Page 12
Plymouth1,2P
WIM _
Adding Quality to Life
June 8, 2012
SUBJECT: HOME OCCUPATION LICENSE FOR MARIA FINTERIKOU KIRSCH
(2012006)
Dear Property Owner:
Pursuant to the provisions of the Plymouth Zoning Ordinance, this letter is to inform you
of a request by Maria Finterilcou Kirsch, under file number 2012006, for a home
occupation license to allow a physical training business out of the home at 6120
Lanewood Lane North.
While a formal public hearing is not required, it is the city's policy to inform adjacent
property owners/occupants of such applications. Hennepin County records indicate your
property is within 200 feet of the site of this proposal. You are hereby notified of and
cordially invited to attend a meeting to be held by the Plymouth Planning Commission at
7:00 p.m., Wednesday, June 20, 2012 in the council chambers at the Plymouth City Hall,
3400 Plymouth Boulevard.
INFORMATION relating to this request may be examined at the community
development counter, at Plymouth City Hall on Mondays and Wednesday through Friday
from 8:00 a.m. to 4:30 p.m., and Tuesdays from 8:00 a.m, to 6:00 p.m., except holidays.
If you have any questions about the specifics of this proposal, please contact the
community development department at (763) 509-5457.
Sincerely,
�Mwln 1�
Barbara G. Thomson, AICP
Planning Manager
2012006 propnotice
ai!eb�[»�MhE �Ror�a W tto4RY
3400 Plymouth Blvd • Plymouth, Minnesota 5544171482 — -rel763-509-5000 • www.p ymoti�.gov
Page 13
rp) City of
Plymouth
-- 1011111
Adding Quality to Life
June 8, 2012
SUBJECT: VARIANCE FOR ADDITIONAL SIGNAGE FOR PARK PLACE
APARTMENTS (2012035)
Dear Property Owner:
Pursuant to the provisions of the Plymouth Zoning Ordinance, this letter is to inform you
of a request by Imaginality Designs, under File No. 2012035, for two variances to allow
additional signage as follows: 1) an additional freestanding sign for the leasing
office/clubhouse located at 14550 34th Avenue and 2) an additional directional sign for
the apartment building located at 14300 34th Avenue.
While a formal public hearing is not required, it is the city's policy to inform adjacent
property owners/occupants of such applications. Hennepin County records indicate your
property is within 200 feet of the site of this proposal. You are hereby notified of and
cordially invited to attend a meeting to be held by the Plymouth Planning Commission at
7:00 p.m., Wednesday, June 20, 2012 in the Council Chambers at the Plymouth City
Hall, 3400 Plymouth Boulevard. The public will be invited to offer questions and
comments concerning this application at that time, or feel free to call the city planning
department at (763) 509-5450 for more information. You may submit comments in
writing. All written comments will become part of the public record.
INFORMATION relating to this request may be examined at the community
development information counter (lower level of City Hall), on Mondays and Wednesday
through Friday from 8:00 a.m. to 4:30 p.m., and Tuesdays from 8:00 a.m. to 6:00 p.m.,
except holidays
Sincerely,
flap *YA�m
Barbara G. Thomson, AICP
Planning Manager
RVI n,ft Appikali.nMC HWmA201252012075 pp—fi-d..
3400 Plymouth Blvd • Plymouth, Minnesota 55447-1482 • Tel: 763-509-5000 • www.plymouthmn.gov
Page 14
Plymouth
�,.
Adding Quality to Life June 8, 2012
SUBJECT: VARIANCE FOR DIRECTIONAL SIGNAGE AT HAZELDEN CENTER FOR
YOUTH AND FAMILIIES (2012040)
Dear Property Owner:
Pursuant to the provisions of the Plymouth Zoning Ordinance, this letter is to inform you of a request
by HGA, Inc., under File No. 2012040, for a sign variance to allow directional signage containing 14
square feet in area, where the maximum size specified for such signage is 4 square feet. Under the
proposal, two on-site directional signs, each containing 14 square feet in area, would be placed near
the building at Hazelden Center for Youth and Families, 11505 36th Avenue, A map showing the
location of the subject site is provided below.
Hennepin County records indicate your property is located within 200 feet of the site of this request.
You are hereby notified of, and cordially invited to attend a public meeting to be held by the
Plymouth Planning Commission at 7:00 p.m., on Wednesday, June 20, 2012, in the Council
Chambers at Plymouth City Hall, 3400 Plymouth Boulevard. The public will be invited to offer
questions and comments concerning this application at that time, or feel free to call the city planning
department at (763) 509-5450 for more information. You may also submit comments in writing. All
written comments will become part of the public record.
INFORMATION relating to this request may be examined at the community development
information counter (lower level of City Hall), on Mondays and Wednesday through Friday from
8:00 a.m, to 4:30 p.m., and Tuesdays from 8:00 a.m, to 6:00 p.m., except holidays.
Sincerely,
Barbara G. Thomson, AICP
Planning Manager
PIPlanning Applications/PC Notices/201212012040-propnotice
3400 Plymouth Blvd • Plymouth, Minnesota 55447-1482 • Tel: 763-509-5000 • www.plymouthmn.gov
Page 15
Ehlers Market June
Treasuries - Record
The dominant themes over the past several weeks in the markets have been concerns about
overall economic and financial market conditions in Europe and more recently that the economics
in China and India are slowing. Combine these persistent story lines with disappointing jobs data
at home and the result is an ample supply of negative headlines.
Support from Greek citizens continues to remain weak for the austerity plan agreed to by the
previous Greek goverment as a prerequisite to financial support from the European Central
Bank, the International Monetary Fund, and the European Financial Stability Facility. Public
opinion polls there indicated most citizens hoped to see the austerity measures in Greece's
international bailout deal relaxed. Eurozone debt concerns were also heightened when Italy's
bond auction last week failed to meet maximum targets. Italy sold 5.7 billion euros of 10 -year
and 5 -year notes, below its 6.5 billion euro target, and at elevated interest rates. Germany 2 -year
note yields turned negative for the first time in history, essentially indicating that investors were
willing to pay for liquidity and capital protection. Spaniards pulled billions of euros in deposits
out of that country's banking institutions, adding to growing tensions regarding the overall
situation in Europe. In other parts of the world, India indicated its economy grew at the slowest
pace in nine years during the first quarter, and China posted its slowest manufacturing growth in
rnore than a year.
Closer to home, the Labor Department released disappointing jobs data late last week. During the
month of May, the economy added 69,000 jobs compared to expectations of 150,000 jobs. The
unemployment rate increased slightly to 8.2%, versus expectations the rate would remain steady
at 8.1%. U.S. Gross Domestic Product for the first quarter was also revised down to 1.90% from
the 2.20% advance estimate reported a few weeks ago. The slowdown in manufacturing across
Asia, the continuing European sovereign -debt crisis and economic slowdown, and U.S.
employment stagnation all rattle markets and drag down investor and business confidence. These
factors have led to lower interest rates.
Yields on the U.S. 10 -year Treasury note closed last week at 1.49%, which represents a record
all-time low. The previous low was set in November 1945 following World War II, when
government price controls kept interest rates artificially low to preserve financial stability.
Municipal bond yields continued to follow Treasury yields lower, albeit at a subdued pace.
According to Thomson Reuter's Municipal Market Data (MMD), the 10 -year AAA yield was at
1.75% as of the end of last week, and remains near the record low of 1.67% set in January of this
EHLERS
LEADERS IN PUBLIC FINANCE
ww.ehiers-inc.com
Page 1
Page 16
Ehlers Market
Commentary
year. The 30 -year yield dropped four basis points to 3.04%, setting a new record low. The muni -
to -treasury yield ratio for 10 -year AAAs increased to just above 113% at the end of last week. In
the past several years, when this ratio has increased to these levels, we have often seen a rally in
munis, as munis are considered a "good deal" compared to treasuries and other "safe"
investments. This rally is not a certainty, as municipal bond buyers seem hesitant. Many dealers
say their investor clients are waiting on the sidelines and maintaining liquidity rather than
committing capital to long-term bonds with these low yields. Additionally, U.S. Treasuries are
traded in a global market, while tax-exempt municipals are really only of interest to those paying
U.S. income taxes.
Refunding Volume Remains Strong, "Reinvestment Season" Ramps Up
Municipal bond volume has been quiet following the Memorial Day holiday, but is expected to
increase. The Bond Buyer reports this week's volume is expected to be $9.6 billion, up from
$3.73 billion last week. The volume of municipal bonds issued to date continues to outpace last
year. According to Thomson Reuters, the market has seen a 72% increase in total long-term
volume over the first five months of 2011. Refundings continue to drive volume; refunding deals
are up 155% so far this year compared to 2011.
June and July are typically the largest months for "reinvestment' in municipal bonds.
Reinvestment opportunities occur when coupon payments and proceeds from called and matured
bonds are received by investors. According to The Bond Buyer, an estimated $70 billion of
redemptions are slated for June 1 and July 1 combined. This could result in an increase in
demand for municipal bonds. Given the global and domestic news of late, investors could be
searching for risk -averse investments and municipal bonds could present an opportunity for value
compared to other alternatives. But the proverbial "or" is still true -- or demand could soften for
municipals even more as investors wait. In either case, rates are still amazingly low.
EHLERS
LEADERS IN PUBLIG FINANCE
www.ehiers-inc.com
Wage 2
Page 17
Trends in Municipal Band Yields
May 18, 2012 to June 1, 2012
June 5, 2012
Source:
Thomson Reuters Municipal Market Data
The Bared Buyer. Average yield on a portfolio of municipal
bonds maturing in 20 years, with an average rating of AA/Aa2.
49 EHLERS
LEADERS IN PUBLIC FINANCE
www.ehiers-inc.com
Page 3
Page 18
May 18,. 2012
June 1., 2012
Change,;.
AAA Yields*
5 Years
036
033%
-0.03%
10 Years
1.78%
1.25%
-0.03%
20 Years
2.70°l
2.67°l
-0.03%
30 Years
3.09%
3.G4Y
-0.05%
Band Buyer 20 Bond Index**
3.75%
3.77{
0.02°I
Source:
Thomson Reuters Municipal Market Data
The Bared Buyer. Average yield on a portfolio of municipal
bonds maturing in 20 years, with an average rating of AA/Aa2.
49 EHLERS
LEADERS IN PUBLIC FINANCE
www.ehiers-inc.com
Page 3
Page 18
Finance & Commerce > Print > Panel backs new route for Bottineau LRT Page 1 of 2
Finance & Commerce http://finance-commerce.com
Panel backs new route for Bottineau LRT
by Drew Kerr
Published: May 31st, 2012
Golden Valley, Brooklyn Park chosen; disruption isarNgrj►e ,T, r ' :'x' ' tT'
in North Minneapolis cited 4;Fn�sE
A group of local officials voted this week in favor of a,N,.,,,r ,:,,... �,t,.�,..:,•
.-.-. - �ai.Hxv ISFAV 3uisl
plan that would bring a new light, rail line through
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Golden Valley instead of north Minneapolis and to .�,,,, -
Brookl n Park instead of Maple Grove. Y'i"'" td
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The decision by the Bottineau Policy Advisory
Committee — a group of county and city leaders who
represent communities lining the proposed route — is
just one of many steps that will have to be taken if the
13 -mile transitway is ever to be built.
But officials who have been working on the project for�u
the better part of four years described the committee's`
1
endorsement as a significant step on the way to e+�YY
securing funding for the nearly $1 billion project from W1ffPW° :PEWR
the Federal Transit Administration.'.
Mxr UF19MUM
The FTA, which would be expected to bear half of the `&
project costs, will also be looking for consensus on a
route from the Hennepin County Regional Rail Authority CLICK IMAGE FOR LARGER VIEW
and the Metropolitan Council. The HCRRA is scheduled
to vote on a preferred route on June 26, and the Metropolitan Council by the end of the year.
The advisory committee's preferred routes have not received universal support, but officials
involved with the planning say consensus is building as the project moves forward.
"It's not unanimous, but it's not too far from it," said Faith Cable Kumon, who leads the
Bottineau Boulevard Partnership, a group that has worked with the PAC to build support for the
project.
All of the proposed scenarios have the transitway connecting with the Hiawatha line at Target
Field in downtown Minneapolis and continuing to Penn Avenue. A 45 -mile stretch along
Bottineau Boulevard that runs through Robbinsdale and Brooklyn Park has also been agreed
upon.
Questions have centered on whether the line would better serve future growth in Maple Grove or
existing populations in Brooklyn Park, where North Hennepin Community College and Target's
North Campus are located.
There has also been debate about whether the line would better serve north Minneapolis —
where residents are more dependent on public transit — or if it should follow an existing BNSF
rail line that cuts through Golden Valley near Theodore Wirth Park.
Hennepin County Commissioner Mike Opat, who represents several communities that would be
served by the proposed line, said it was a relatively clear decision to support a route that would
take the light rail line through Golden Valley and to Brooklyn Park.
Opat cited growth at the Target campus, which could ultimately house up to 7,000 jobs, as a
chief motivation for bringing the transitway to Brooklyn Park, and said he supported the Golden
Valley route because it would have less impact on residents.
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Finance & Commerce > Print > Panel backs new route for Bottineau LRT Page 2 of 2
The line would be too close to homes if it
followed Penn Avenue and Broadway, as it
would under the plan to bring the route
through north Minneapolis and
Robbinsdale, he said.
"So many people couldn't use their front
doors again," Opat said.
Some local officials had hoped a light rail
line cutting through north Minneapolis
would spark economic activity in the area,
which has struggled to attract
development.
If the transitway bypasses the area,
neighborhood leaders say other efforts
should be made to help make sure it sees
some of the project's benefits. Improved
bus connections and streetcars have been
presented as alternatives.
Hennepin County Commissioner Mike Opat cited
growth at Target's northern campus as a chief
motivation for bringing the transit way to Brooklyn
Park. (File photo: Bill Klotz)
"I think one of the things we need to do is try to assure the north side still gets benefits from
what's been put forward," said Raymond Dehn, a PAC member and co -facilitator of the Northside
Transportation Network.
An environmental review of the transitway is ongoing. The review is focused on all of the routes
that have been discussed but will not include study of a bus rapid transit system that officials had
been considering.
Brent Rusco, a Hennepin County engineer who has led the study of the transitway, said the
alternatives are being included in the study in case any issues are identified with the preferred
routes. The study is expected to be finished by the end of the year, he said.
Complete URL: http://finance-commerce.com/2012/05/panel-backs-new-route-for-bottineau-irt/
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Approved Minutes
City of Plymouth
Planning Commission Meeting
May 16, 2012
MEMBERS PRESENT: Vice Chair Dick Kobussen, Commissioners Nathan Robinson,
Gordon Petrash, Scott Nelson, Bryan Oakley and Marc Anderson
MEMBERS ABSENT: Chair James Davis
STAFF PRESENT: Senior Planner Shawn Drill and Office Support Specialist Laurie Lokken
1. CALL TO ORDER - 7:00 P.M.
2. PLEDGE OF ALLEGIANCE
3. PUBLIC FORUM
4. APPROVAL OF AGENDA
MOTION by Commissioner Anderson, seconded by Commissioner Petrash, to approve the May
16, 2012 Planning Commission Agenda. Vote. 6 Ayes. MOTION approved.
5. CONSENT AGENDA
A. APPROVAL OF THE MAY 2, 2012 PLANNING COMMISSION MEETING
MINUTES
MOTION by Commissioner Nelson, seconded by Commissioner Oakley, to approve the May 2,
2012 Planning Commission Meeting Minutes. Vote. 6 Ayes. MOTION approved.
B. DAVID AND MARY SCHNEIDER (2012027)
MOTION by Commissioner Nelson, seconded by Commissioner Oakley, to approve the request
by David and Mary Schneider for a variance for a side yard setback to allow construction of a
new attached garage for property located at 5870 Kirkwood Lane North. Vote. 6 Ayes.
MOTION approved.
6. PUBLIC HEARINGS
7. NEW BUSINESS
8. ADJOURNMENT
MOTION by Vice Chair Kobussen, with no objection, to adjourn the meeting at 7:06 p.m.
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