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Home My WebLink AboutCouncil Information Memorandum 05-04-2017CITY OF PLYMOUTH COUNCIL INFO MEMO May 4, 2017 EVENTS / MEETINGS Environmental Quality Committee Agenda for May 10th .................................................................. Page 2 Housing & Redevelopment Authority Agenda for May 11th .............................................................. Page 3 Official City Meeting Calendars ......................................................................................................... Page 4 Tentative List of Agenda Items ........................................................................................................... Page 7 CORRESPONDENCE Grant Letter NW Cable Commission ................................................................................................ Page 10 City Offers Rebates for Projects That Improve Water Efficiency .................................................... Page 11 City and Bremer Bank Partner to Hold Free Shred Event ................................................................ Page 13 Distracted Driving Campaign Set for Plymouth’s High School Prom Weeks .................................. Page 14 Bark in the Park Set for May 20th..................................................................................................... Page 15 Rezoning and Preliminary Plat (Replat) for 17135 and 17215 Old Rockford Road (2017033) ....... Page 16 Planned Unit Development Amendment for The Waters of Plymouth Located at 11305 State Highway 55 (2017036) ............................................................................................. Page 17 Planned Unit Development Amendment for Inspired Athletics LLC at 2155 Niagara Lane North (2017039) ........................................................................................... Page 18 REPORTS & OTHER ARTICLES OF INTEREST A Scare Becomes a Lesson: Richfield Looks at Ways to Protect Affordable Housing, Star Tribune .................................................................................... Page 19 OneBeacon to Be Acquired By Intact Financial Corporation for $1.7 Billion, PR Newswire .......... Page 23 Monthly Financial Report ................................................................................................................. Page 27 ENVIRONMENTAL QUALITY COMMITTEE AGENDA May 10, 2017 WHERE: MEDICINE LAKE ROOM 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. CONSENT AGENDA* A. B. Approve April 12, 2017 EQC Meeting Minutes (Asche) Approve DRAFT 2016 Solid Waste Annual Report (Asche) 5.7:30 P.M. GENERAL BUSINESS A.Organics Recycling Presentation (Asche) 6.REPORTS AND STAFF RECOMMENDATIONS A. 7.FUTURE MEETINGS: June 14, 2017 •Organics •Storm Water Pollution Prevention Plan 8.8:00 P.M. ADJOURNMENT Page 2 MEETING AGENDA PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY THURSDAY, MAY 11, 2017 - 7:00 p.m. WHERE: Medicine Lake Room City of Plymouth 3400 Plymouth Boulevard Plymouth, MN 55447 CONSENT AGENDA All items listed on the Consent Agenda are considered to be routine by the Housing and Redevelopment Authority and will be enacted by one motion. There will be no separate discussion of these items unless a Commissioner, citizen or petitioner so requests, in which event the item will be removed from the consent agenda and considered in normal sequence on the agenda. 1.CALL TO ORDER - 7:00 P.M. 2.CONSENT AGENDA A.Approve HRA Meeting Minutes for March 23, 2017. B.Plymouth Towne Square. Accept Monthly Housing Reports. C.Vicksburg Crossing. Accept Monthly Housing/Marketing Reports. 3.NEW BUSINESS A.Discuss Housing Market Study scope. B.Plymouth Towne Square. Window/siding project Change Order #1. 4.ADJOURNMENT Page 3 SUN MON TUE WED THU FRI SAT 1 6:00 PM Walk with the Mayor Plymouth Creek Center 2 3 4 5 6 7 Kids Garage Sale Plymouth Creek Center 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 May 2017 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 ENVIRONMENTAL QUALITY COMMITTEE (EQC) MEETING Medicine Lake Room 7:00 PM PARK & REC ADVISORY COMMISSION (PRAC) MEETING Council Chambers 7:00 PM HRA Meeting Medicine Lake Room 7:00 PM PLANNING COMMISSION MEETING Council Chambers 7:00 PM HOUSING AND REDEVELOPMENT AUTHORITY (HRA) MEETING Medicine Lake Room SUN TUES MON WED THUR FRI SAT MEMORIAL DAY CITY OFFICES CLOSED 5:30 PM SPECIAL COUNCIL MEETING Financial Plan and Budget Goals Medicine Lake Room 7:00 PM REGULAR COUNCIL MEETING Council Chambers 5:30 PM SPECIAL COUNCIL MEETING Lodging Tax and Sexual Predator Ordinance Medicine Lake Room 7:00 PM REGULAR COUNCIL MEETING Council Chambers 10:00 AM - 2:00 PM Bark in the Park Hilde Performance Center Page 4 SUN MON TUE WED THU FRI SAT 1 2 3 4 12:30 PM Northwest Green- way Ribbon Cutting Vicksburg Lane Pedestrian Bridge 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 7:00 PM PLANNING COMMISSION MEETING Council Chambers 22 23 24 25 26 27 28 29 30 June 2017 3400 Plymouth Boulevard Plymouth, MN 55447 OFFICIAL CITY CALENDAR Phone: 763-509-5000 Fax: 763-509-5060 5:30 PM SPECIAL COUNCIL MEETING Review future trail projects Medicine Lake Room 7:00 PM REGULAR COUNCIL MEETING Council Chambers 7:00 PM ENVIRONMENTAL QUALITY COMMITTEE (EQC) MEETING Medicine Lake Room 7:00 PM PARK & REC ADVISORY COMMISSION (PRAC) MEETING Plymouth Creek Center 7:00 PM PLANNING COMMISSION MEETING Council Chambers SUN TUES MON WED THUR FRI SAT 7:00 PM HOUSING AND REDEVELOPMENT AUTHORITY (HRA) MEETING Medicine Lake Room CHANGES ARE NOTED IN RED 9:00 AM - 11:00 AM Music in Plymouth 5K Run/Walk Hilde Performance Center 5:30 PM SPECIAL COUNCIL MEETING Police Body-Worn Cameras Medicine Lake Room 7:00 PM REGULAR COUNCIL MEETING Council Chambers Page 5 SUN MON TUE WED THU FRI SAT 1 2 3 4 5 6 7 8 9 10 11 NO REGULAR COUNCIL MEETING 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 July 2017 3400 Plymouth Boulevard Plymouth, MN 55447 OFFICIAL CITY CALENDAR Phone: 763-509-5000 Fax: 763-509-5060 7:00 PM ENVIRONMENTAL QUALITY COMMITTEE (EQC) MEETING Medicine Lake Room 7:00 PM HOUSING AND REDEVELOPMENT AUTHORITY (HRA)MEETING Medicine Lake Room 7:00 PM REGULAR COUNCIL MEETING Council Chambers SUN TUES MON WED THUR FRI SAT 7:00 PM PLANNING COMMISSION MEETING Council Chambers 30 31 INDEPENDENCE DAY CITY OFFICES CLOSED 5:30 PM - 10:30 PM Music in Plymouth Hilde Performance Center Page 6 Note: Special Meeting topics have been set by Council; all other topics are tentative. EDA refers to the Economic Development Authority Tentative Schedule for City Council Agenda Items May 9, Special, 5:30 p.m. Medicine Lake Room •Lodging tax •Sexual Predator Ordinance May 9, Regular, 7:00 p.m. Council Chambers •Consider approval of Final Plat for Meadow Ridge Ponds •Approve Wetland Replacement Plan application for Agora •Approve Wetland Replacement Plan application for Meadow Ridge Ponds •Approve Payment No. 2 and Final for the 2016 Sanitary Sewer Lining Project (16009) •Approve Preliminary Plat, Site Plan, Conditional use Permit and Variances for Home2 Suites by Hilton on property located at 3000 Harbor Lane (Plymouth Hotel Group, LLC-2017019) •Consider denial of Preliminary Plat and variance for “Garland Meadows” to allow the subdivision of a 0.83 acre parcel located at 1415 Garland Lane (Ken Heyda Design LLC - 2017010) •Consider denial of a variance to allow a second accessory building over 120 square feet in area and 28 feet in height for property located at 4130 Juneau Lane (Matthew Dunn - 2017022) May 23, Special, 5:30 p.m. Medicine Lake Room •Financial Plan and budget goals May 23, Regular, 7:00 p.m. Council Chambers •Oaths of Office to Police Officers Kasey Beran, Brady Hector, Paul Nystrom, and Brianna Bannon •Update from County Attorney Mike Freeman •Review Cowboy Jack’s Place of Last Drink (POLD) incidents June 13, Special, 5:30 p.m. Medicine Lake Room •Review future trail projects June 13, Regular, 7:00 p.m. Council Chambers •Continued hearing on lodging tax •Announce Music in Plymouth and 5k Run June 27, Special, 5:30 p.m. Medicine Lake Room •Police body-worn cameras June 27, Regular, 7:00 p.m. Council Chambers •Proclaim August 1 as “Night to Unite” July 25, Regular, 7:00 p.m. Council Chambers •Announce Kids Fest on August 3 August 8, Regular, 7:00 p.m. Council Chambers Page 7 August 15, Special, 6:00 p.m. Medicine Lake Room •Budget and CIP August 22, Special, 5:30 p.m. Medicine Lake Room •Budget and CIP August 22, Regular, 7:00 p.m. Council Chambers August 29, Special, 6:00 p.m. Medicine Lake Room (if needed) •Budget and CIP September 12, Regular, 7:00 p.m. Council Chambers •Announce Plymouth on Parade on September 23 •Approve 2018 proposed budget, preliminary general property tax levy, HRA levy and budget hearing date September 26, Regular, 7:00 p.m. Council Chambers October 10, Regular, 7:00 p.m. Council Chambers October 24, Regular, 7:00 p.m. Council Chambers November 14, Special, 5:30 p.m. Medicine Lake Room •Budget November 14, Regular, 7:00 p.m. Council Chambers November 28, Regular, 7:00 p.m. Council Chambers December 12, Regular, 7:00 p.m. Council Chambers •Public hearing on 2018 budget, general property tax levy, HRA levy, and 2018-2022 Capital Improvement Program •Approve 2018 Target and Trap Shooting License renewal •Approve 2018 Amusement License renewals •Approve 2018 Tobacco License renewals Page 8 Budget Calendar 2018-2019 Biennial Budget Preparation & 5-yr Capital Improvement Plan Date Category Description April 17, 2017 Budget Departments receive budget instruction May 23 at 5:30 p.m. Budget Council Study Session – Financial Plan & Budget Goals April – June 2017 Budget Departments prepare budgets June 2, 2017 Budget Personnel changes submitted to HR June 12, 2017 Budget Budgets submitted to Finance June 26 – July 14, 2017 Budget Department meetings August 4 Budget Council receives budget materials for upcoming meeting August 15 at 6 p.m. Budget & CIP Council study session (Budget & CIP meeting #1) August 22 at 5:30 p.m. Budget & CIP Council Study Session (Budget & CIP meeting #2) Council Regular Session (Financial Overview & Audit Presentation) August 29 at 6 p.m. Budget & CIP Council Study Session (Budget meeting #3) (if needed) September 12, 2017 Budget Council adopts preliminary levies & budget (Budget meeting #4) October 4, 2017 CIP Planning Commission public hearing November 14 at 5:30 p.m. Budget Council Study Session (Budget meeting #5) (If needed) December 12, 2017 Budget & CIP Budget Public Hearing, CIP, Budget & Levy Adoption December 26, 2017 Budget Levy is certified with Hennepin County Page 9 Page 10 City of Plymouth News Release For Immediate Release April 26, 2017 Contact: Ben Scharenbroich Senior Engineering Technician City of Plymouth 763-509-5527 bscharenbroich@plymouthmn.gov City offers rebates for projects that improve water efficiency Plymouth, Minn. – Back by popular demand, the City of Plymouth is offering rebates to residential and commercial property owners who complete water efficiency improvement projects. Funded by a grant from the Metropolitan Council, the two-year program was so popular in 2016 that all available dollars were spoken for within months. The City of Plymouth has received an additional grant from the Met Council to continue the rebate program. Rebates will be given for replacing old, inefficient toilets, washing machines and irrigation controllers. The program was established to encourage water conservation in Plymouth and reduce the demand on the municipal water supply. All property owners who are customers of the municipal water supply could be eligible. Water usage in Plymouth is three times higher during the summer than in the winter, largely because of lawn watering. City staff is hopeful that property owners in Plymouth will take advantage of the incentive to install water-efficient irrigation controllers. Eligible Projects Property owners interested in replacing existing outdated or inefficient appliances should look for the Energy Star or WaterSense certification from the Environmental Protection Agency. Rebates can reimburse property owners for 75 percent of the cost of the device – up to a maximum of $50 for WaterSense toilets, $100 for Energy Star washing machines and $200 for WaterSense irrigation controllers, rain sensors or irrigation system audits by a certified professional that results in equipment replacement. Rebate funds are limited and will be issued to qualified applicants on a first-come, first-served basis. Rebates will be issued upon completion of work and submission of payment request accompanied by original receipts for expenses. The deadline to submit a rebate application is June 30, 2017, or until funds are exhausted. Simple Steps Toward Water Conservation Saving water doesn’t always require new appliances – it’s accomplished by making simple changes that conserve water every day. It not only helps ensure reliable water supplies in the future, but can save money. -More -Page 11 To help conserve water, residents are encouraged to follow these simple tips: •Follow designated lawn watering days: plymouthmn.gov/watering •Minimize excessive water use on lawns by setting timers •Water lawns early in the day •Utilize a rain barrel •Check for indoor leaks, even slow dripping, in sinks, showerheads and toilets •Turn off water while brushing teeth to save about 3 gallons per day •Scrape dishes, rather than rinsing, when possible For more information or to obtain an application, visit plymouthmn.gov/waterefficiencyrebate. -30- Page 12 City of Plymouth News Release For Immediate Release May 2, 2017 Contact: Rebecca Koosman Branch Manager Bremer Bank 763-557-5601 rmkoosman@bremer.com City of Plymouth, Bremer Bank partner to hold free Shred Event Plymouth, Minn. – The City of Plymouth and Bremer Bank have partnered to hold a free community paper shredding event 7:30-10:30 a.m. Saturday, May 20 at Bremer Bank, 3415 Vicksburg Lane N., Plymouth. This community paper shred event is co-sponsored by the City of Plymouth and a Hennepin County recycling grant. -30- Page 13 City of Plymouth News Release For Immediate Release May 2, 2017 Contact: Sgt. Curtis Smith Plymouth Public Safety Department 763-509-5191 csmith@plymouthmn.gov Distracted driving campaign set for Plymouth’s high school prom weeks Plymouth, Minn. – Plymouth Public Safety Department has partnered with Armstrong and Wayzata high schools to hold a distracted driving awareness campaign during school prom weeks. Minnesota State Patrol’s distracted driving crash vehicle will be on display May 10-12 at Armstrong High School, 10635 36th Ave. N., and May 19 at Wayzata High School, 4955 Peony Lane N. The vehicle belonged to Charles Maurer, 54, of Becker, who was killed, along with his 10-year- old daughter, Cassy, after an unlicensed teen driver crashed into them while sending Facebook messages on her cell phone. As part of the campaign, Plymouth Public Safety staff will greet students the morning before each school’s prom and warn students about the deadly consequences of distracted driving, as well as driving under the influence of drugs and alcohol. School announcements will also include messages regarding distracted driving during the week. What the Law Says According to the Minnesota Department of Public Safety, distracted or inattentive driving is when drivers engage in any activity that might distract them from the primary task of driving and increase their risk of crashing. In Minnesota, it is illegal for drivers to read, compose or send text messages and emails, or access the internet using a wireless device while the vehicle is in motion or a part of traffic – which includes vehicles stopped in traffic or at a traffic light. Cell phone use is totally banned for school bus drivers, as well as teen drivers during their permit and provisional license stages. -30- Page 14 City of Plymouth News Release For Immediate Release May 3, 2017 Contact: Paul Pearson Recreation Supervisor City of Plymouth 763-509-5207 ppearson@plymouthmn.gov Plymouth’s Bark in the Park set for May 20 Plymouth, Minn. – Back for its second year, Plymouth’s popular all-about-dogs event is set for 10 a.m. to 2 p.m. Saturday, May 20 at the Hilde Performance Center, 3500 Plymouth Blvd. The free Bark in the Park event features dog products, pet supplies, an “Ask the Vet” area, service dogs, rescue dog adoption organizations and on-site services, such as vaccinations and nail clipping. It will also feature fun attractions, including face painting and a doggy photo booth. New Features This year’s Bark in the Park kicks off with a 1K walk through the trails around the Hilde. Participants can begin the walk at 9:45 a.m. and finish as the event opens. Special guest Jamie Whitehead – Miss Minnesota United States 2017 – and her puppy Finnegan will lead the 1K. Another new feature this year is the Adoption Parade, where multiple metro-area adoption agencies spotlight pooches who need a home. Folks can watch the parade and connect with agencies afterwards for more information on adoption. More Information Attendees can use the hashtag #PlymouthBarks during the event to share photos of the fun and have a chance to be retweeted by the city. Visitors can also pick up a free collapsible water bowl, while supplies last, at the Bark in the Park information booth. While the event is free, attendees should bring cash for vendors, products and food trucks for both people and pets. Attendees should leash their dogs while at the event. Last year’s Bark in the Park event was a hit with dog lovers, and won recognition with an Award of Excellence from the Minnesota Parks and Recreation Association. For more information, visit plymouthmn.gov/barkinthepark. Cutline: Bark in the Park is set for Saturday, May 20 at the Hilde Performance Center. Dogs and their owners are encouraged to come and sniff it out. -30- Page 15 Page 16 Page 17 Page 18 WEST METRO 420680413 A scare becomes a lesson: Richfield looks at ways to protect affordable housing Richfield is facing the pressure of for-profit developers in hot market. By Miguel Otárola and Beatrice Dupuy Star Tribune staff writers APRIL 28, 2017 — 2:03PM Jeff Wheeler, Star Tribune Richfield Mayor Pat Elliott, left, shook hands with Eric Schnell, COO of Aeon, after Elliott told the roomful of people there to attend a city council work session on affordable housing that Aeon would be buying the Seasons Park apartment complex in the city. Fears that a for-profit developer might buy a large Richfield apartment property and price out its low- income tenants were eased this week after nonprofit developer Aeon said it was purchasing the complex. But the close call gave elected officials and tenant advocates an opportunity at a City Council work session Tuesday to discuss ways the city can better protect its affordable housing in the future. Page 19 "There are these large real estate deals, and renters … whose lives are immeasurably impacted by those decisions don't have a voice," City Council Member Michael Howard said. "That requires us to show some urgency and be strategic." Just days before the meeting, Aeon said it had entered into a purchase agreement with the owners of Seasons Park, a 422-unit complex in southeast Richfield near Interstate 494 and Hwy 77. Aeon has built and renovated thousands of affordable units across the metro area, and Aeon President Alan Arthur said his goal is to remodel Seasons Park while keeping rents as close to current rates as possible. "It was easy to make a decision to try and save it," Arthur said. "We're making a big impact with one fell swoop." JEFF WHEELER, STAR TRIBUNE Eric Schnell, COO of Aeon, addressed the Richfield City Council and the public during the public comment portion of the City Council meeting. The Seasons Park sale was indicative of growing interest in the housing stock in Richfield — one of the hottest markets in the Twin Cities — and of the threats facing much of the nation's affordable housing, tenant advocates say. At the work session, representatives from the Community Action Partnership of Suburban Hennepin and the Housing Justice Center shared more than a dozen ordinances and housing strategies the city could adopt. Debbie Goettel, a Hennepin County commissioner and former Richfield mayor, listed county resources that could be tapped by the city to help low-income renters. One proposed ordinance would require property owners to give a 90-day notice of their intent to sell. Another would prohibit landlords from discriminating against Section 8 voucher holders, a measure that Minneapolis leaders approved last month. Page 20 Richfield Mayor Pat Elliott said it would be difficult for the city to help subsidize rents of cost-burdened residents, one of the options also discussed. "We are a healthy, vibrant community but not necessarily wealthy," he said. "Subsidizing, from our perspective, is on the table but not, from my perspective, realistic." Significant school impact Seasons Park is largely made up of low-income renters, many of whom belong to minority groups. The average rent for a one-bedroom apartment in Richfield is $975; in Seasons Park, the same space costs $780. City officials were concerned that Seasons Park, owned by Colorado-based Forum Real Estate Group, would be sold to a for-profit developer that would raise rents and mandate stricter requirements for leases. That's what happened in late 2015, when the purchase and renovation of the 700-unit Crossroads at Penn apartments — now known as the Concierge apartments — forced hundreds of low-income tenants to move out. The switch from affordable Crossroads to upscale Concierge had a major impact on the Richfield school district. According to the district, 38 students were left without homes. To accommodate them, the district upped its services to homeless students by $77,000. Following the Crossroads-Concierge transition, district officials had to rethink their finances and cut teaching jobs up front. The district is still recovering from the changeover, making a $2.3 million budget reduction in staffing next year to adjust for the loss of students. "There would be a significant amount of students that could be impacted if something very similar to Crossroads-Concierge happened," said Steven Unowsky, Richfield schools superintendent. Almost 240 children enrolled in Richfield public schools live at Seasons Park, according to the district. Eric Hauge, director of organizing and public policy at tenant advocacy nonprofit Homeline, said Richfield city leaders should have looked at ordinances to protect low-income residents months ago. "It's a conversation that should've been in full force by now, following the events of Crossroads at Penn," Hauge told the council Tuesday. Page 21 Working against time At the council meeting following Tuesday's work session, Seasons Park renters and former residents of Crossroads spoke warily about the future of the city's affordable housing, urging council members to take a stronger stand against developers with overly strict rental demands. City officials agreed that Seasons Park needs to be upgraded. Former and current residents complained of old and broken appliances, dirty walls and halls and constant police activity. Goettel called the apartments "abysmal," the result of poor management. The purchase of Seasons Park will be finalized by the end of the summer, Arthur said. Aeon hopes to receive funding from several sources, including government assistance and private investors, to renovate the complex and keep rents affordable. "The proof is in the pudding," Arthur said. "We have to get enough capital in order to keep it a decent place." Debra Behrens, Aeon's chief advancement officer, said that means Aeon will seek community donations. Still, for some tenants the Aeon deal may not come soon enough to keep them in their homes. Cristal Vargas, 34, has lived at Seasons Park for three years with her husband and three children. She said the apartment's management, without giving her good reasons, told her it won't renew her lease when it ends in June. Vargas, in tears at Tuesday's meeting, said she has not found another option in Richfield and is thinking of moving her family to Minneapolis. "I'm very sad, because I don't know what to do," she said. miguel.otarola@startribune.com 612-673-4753 beatrice.dupuy@startribune.com 612-673-1707 Page 22 OneBeacon To Be Acquired By Intact Financial Corporation For $1.7 Billion NEWS PROVIDED BY OneBeacon Insurance Group, Ltd. 02 May, 2017, 16:16 ET HAMILTON, Bermuda, May 2, 2017 /PRNewswire/ -- OneBeacon Insurance Group, Ltd. (NYSE: OB) has entered into a definitive merger agreement under which Intact Financial Corporation (TSX: IFC) will acquire all outstanding OneBeacon shares for $18.10 in cash per share. The $18.10 per share acquisition price is 1.65 times OneBeacon's book value per share as of March 31, 2017, and represents a 14% premium to the company's closing stock price on the NYSE of $15.89 as of May 1, 2017 and a 15% premium to the volume weighted average share price over the last 30 days. This represents aggregate cash consideration of approximately $1.7 billion. In addition, OneBeacon debt of approximately $275 million will remain outstanding. This transaction will create a North American leader in specialty insurance, with over $1.5 billion of annual premiums. Furthermore, it bolsters Intact's Canadian business with new products and cross-border capabilities, and better positions the company to compete with North American insurers. Mike Miller, CEO of OneBeacon, said, "We are all very excited to join the Intact family. The opportunity to leverage Intact's deep technical, financial and technology capabilities makes this combination the perfect next step in the OneBeacon journey. Together, we will accelerate our pursuit in creating a leading specialty insurer in North America. We look forward to working with our U.S. and Canadian independent agents and brokers to deliver market-leading capabilities to our targeted customers. Both companies are dedicated to ensuring a seamless transition and look forward to profitably growing our specialty portfolio going forward." Charles Brindamour, CEO of Intact, said, "Today, we've taken an important step in building a world-class P&C insurer. The addition of OneBeacon is creating a leading North American specialty lines insurer focused on small-to-midsize businesses. OneBeacon is a strong strategic fit for Intact, with deep expertise in commercial and specialty lines, and shared values. We see significant growth potential from the combination of our specialty lines operations and we look forward to welcoming OneBeacon employees to the Intact family." OneBeacon was formed in 2001 when White Mountains Insurance Group, Ltd. acquired the former CGU's U.S. property-casualty business from Aviva plc. In 2006, White Mountains sold 27.6 million of OneBeacon's common shares in an initial public offering, or 27.6% of OneBeacon's common shares at the time of the initial public offering. As of May 2, 2017, White Mountains owned 75.7% of OneBeacon's common shares, representing 96.9% of the voting power. White Mountains has agreed to vote in favor of the transaction. The transaction, which was unanimously approved by OneBeacon's board of directors, is subject to regulatory and shareholder approvals and other customary closing conditions, and is expected to close in the fourth quarter of this year. OneBeacon expects to continue paying regular quarterly dividends consistent with past practice prior to closing. Completion of the merger is not subject to any financing conditions. Credit Suisse Securities (USA) LLC acted as exclusive financial advisor and Cravath, Swaine & Moore LLP, Conyers, Dill & Pearman Limited and Kramer Levin Naftalis & Frankel LLP acted as legal advisors to OneBeacon in the transaction. Page 23 About OneBeacon: OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that is publicly traded on the New York Stock Exchange under the symbol "OB." OneBeacon's underwriting companies offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. OneBeacon's solutions target group accident and health; architects and engineers; commercial surety; entertainment; environmental; excess property; financial institutions; financial services; healthcare; management liability; ocean and inland marine; programs; public entities; technology; and tuition refund. For further information about our products and services visit: www.onebeacon.com and to remain up to date on OneBeacon's news, follow us on Twitter @OneBeaconIns or visit our online newsroom: www.onebeacon.com/newsroom. About Intact Financial Corporation: Intact Financial Corporation (TSX: IFC) is the largest provider of property and casualty (P&C) insurance in Canada with over $8.0 billion (CA) in annual premiums. Supported by over 12,000 employees, the company insures more than five million individuals and businesses through its insurance subsidiaries and is the largest private sector provider of P&C insurance in British Columbia, Alberta, Ontario, Québec, Nova Scotia and Newfoundland & Labrador. The company distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly owned subsidiary, BrokerLink, and directly to consumers through belairdirect. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 The information contained in this news release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included or referenced in this news release that address activities, events or developments which we expect will or may occur in the future are forward-looking statements. The words "will," "believe," "intend," "expect," "anticipate," "project," "estimate," "predict" and similar expressions are also intended to identify forward-looking statements. These forward-looking statements include, among others, statements with respect to our: •change in book value per share or return on equity; •business strategy; •financial and operating targets or plans; •incurred loss and loss adjustment expenses and the adequacy of our loss and loss adjustment expense reserves and related reinsurance; •projections of revenues, income (or loss), earnings (or loss) per share, dividends, market share or other financial forecasts; •expansion and growth of our business and operations; •future capital expenditures; and •pending legal proceedings. These statements are based on certain assumptions and analyses made by us in light of our experience and judgments about historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate in the circumstances. However, whether actual results and developments will conform to our expectations is subject to a number of risks, uncertainties or other factors which are described in more detail beginning on page 16 of the Company's 2016 Annual Report on Form 10-K, that could cause actual results to differ materially from expectations, including: •recorded loss and loss adjustment expense reserves subsequently proving to have been inadequate; •changes in interest rates, debt or equity markets or other market volatility that negatively impact our investment portfolio; Page 24 •competitive forces and the cyclicality of the property and casualty insurance industry; •claims arising from catastrophic events, such as hurricanes, windstorms, earthquakes, floods or terrorist attacks; •the continued availability of capital and financing; •the continued availability and cost of reinsurance coverage and our ability to collect reinsurance recoverables; •the ability to maintain data and system security; •the outcome of litigation and other legal or regulatory proceedings; •our ability to continue meeting our debt and related service obligations or to pay dividends; •our ability to successfully develop new specialty businesses; •changes in laws or regulations, or their interpretations, which are applicable to us, our competitors, our agents or our customers; •actions taken by rating agencies from time to time with respect to us, such as financial strength or credit rating downgrades or placing our ratings on negative watch; •our ability to retain key personnel; •participation in guaranty funds and mandatory market mechanisms; •our ability to maintain effective operating procedures and manage operational risk; •changes to current shareholder dividend practice and regulatory restrictions on dividends; •credit risk exposure in certain of our business operations; •Bermuda law may afford less protection to shareholders; •our status as a subsidiary of White Mountains, including potential conflicts of interest, competition, and related-party transactions; •changes in tax laws or tax treaties; •the risk that the proposed merger with Intact may not be completed on the currently contemplated timeline or at all; •the failure to receive, on a timely basis or otherwise, the required approval of the proposed merger with Intact by OneBeacon's shareholders; •the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); •the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, including in circumstances which would require OneBeacon to pay a termination fee or other expenses; •risks related to diverting management's attention from our ongoing business operations and other risks related to the announcement or pendency of the proposed merger with Intact, including on our ability to retain and hire key personnel, our ability to maintain relationships with our customers, policyholders, brokers, service providers and others with whom we do business and our operating results and business generally; •the risk that shareholder litigation in connection with the transactions contemplated by the merger agreement may result in significant costs of defense, indemnification and liability; and •other factors, most of which are beyond our control. Consequently, all of the forward-looking statements made in this news release are qualified by these cautionary statements, and there can be no assurance that the anticipated results or developments will be realized or, even if substantially realized, that they will have the expected consequences. Readers should carefully review these risk factors, and are cautioned not to place undue reliance on our forward-looking statements. The forward-looking statements in this news release speak only as of the date on which they are made. We assume no obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or otherwise. Page 25 Additional information and where to find it This communication may be deemed to be solicitation material in respect of the proposed takeover of OneBeacon by Intact. In connection with the proposed transaction, OneBeacon intends to file relevant materials with the SEC, including a proxy statement in preliminary and definitive form. Investors and security holders are urged to read all relevant documents filed with the SEC (if and when they become available), including OneBeacon's definitive proxy statement, because they will contain important information about the proposed transaction. Investors and security holders will be able to obtain copies of the proxy statement and other documents filed with the SEC (if and when available) free of charge at the SEC's website, http://www.sec.gov, or for free from OneBeacon by contacting ir@onebeacon.com. Such documents are not currently available. Participants in solicitation This communication is neither a solicitation of a proxy nor a substitute for any proxy statement or other filings that may be made with the SEC in connection with the proposed transaction. OneBeacon, Intact and their respective directors, executive officers and other members of management and employees, under SEC rules, may be deemed to be "participants" in the solicitation of proxies from holders of OneBeacon's common shares in favor of the proposed transaction. Information about OneBeacon's directors and executive officers is set forth in OneBeacon's Proxy Statement on Schedule 14A for its 2017 Annual General Meeting of Shareholders, which was filed with the SEC on April 11, 2017, its Annual Report on Form 10-K for the fiscal year ended December 31, 2016, which was filed with the SEC on February 27, 2017 and its Current Report on Form 8-K filed with the SEC on March 6, 2017. Information about Intact's directors and executive officers is set forth in Intact's Management Proxy Circular for its 2017 Annual and Special Meeting of Shareholders, its Annual Information Form for the fiscal year ended December 31, 2016, and its Management's Discussion and Analysis for the fiscal year ended December 31, 2016, all of which are available on www.sedar.com. These documents may be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants which may, in some cases, be different than those of OneBeacon's shareholders generally, will also be included in OneBeacon's proxy statement relating to the proposed transaction, when it becomes available. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/onebeacon-to- be-acquired-by-intact-financial-corporation-for-17-billion-300449988.html SOURCE OneBeacon Insurance Group, Ltd. Page 26 Memorandum To: Dave Callister From: Jodi Bursheim, Finance Manager Date April 28, 2017 Item: Investment Summary & Fund Financial Statements Attached please find the financial reports through March 31, 2017. A cash balance report for the same time period is also included. Please let me know if you have any questions. Page 27 Fund: 100 - General Fund Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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 26,691,753 0 (26,691,753)0.00 %0 25,247,809 Permits and Licenses 3,750,160 1,415,284 (2,334,876)37.74 %1,103,861 4,510,095 Intergovernmental 2,416,481 495,985 (1,920,496)20.53 %431,320 3,488,203 Charges for Services 1,404,382 246,996 (1,157,386)17.59 %239,939 1,407,049 Billings to Departments 2,226,977 244,244 (1,982,733)10.97 %237,130 2,543,553 Fines & Forfeitures 513,500 152,736 (360,764)29.74 %103,601 443,918 Special Assessments 10,000 0 (10,000)0.00 %0 (428) Contributions & Donations - Operating 1,600 0 (1,600)0.00 %0 19,651 Contributions & Donations - Capital 0 0 0 0.00 %3,000 3,000 Interest Income 260,000 0 (260,000)0.00 %191,417 102,490 Other 132,100 54,819 (77,281)41.50 %36,829 281,278 Transfers In 285,000 3,065 (281,935)1.08 %18,271 488,560 Total Revenue 37,691,953 2,613,129 (35,078,824)6.93 %2,365,368 38,535,176 Expense: Personal Services 23,226,534 5,047,644 (18,178,890)21.73 %4,874,255 21,647,651 Materials and Supplies 1,457,973 216,360 (1,241,613)14.84 %302,475 1,128,483 Employee Development & Meetings 323,576 55,514 (268,062)17.16 %117,065 281,184 Dues & Subscriptions 138,199 93,941 (44,258)67.97 %92,967 117,957 Contractual Services 4,553,871 1,145,164 (3,408,707)25.15 %999,065 4,055,360 Equipment 96,000 21,329 (74,671)22.22 %58,078 104,666 Capital Improvements 0 0 0 0.00 %8,746 118,509 Allocations 6,731,067 1,682,767 (5,048,300)25.00 %1,620,440 6,481,761 Transfers Out 212,500 0 (212,500)0.00 %0 2,123,393 Other Expense 952,233 205,581 (746,652)21.59 %143,361 1,998,114 Total Expense 37,691,953 8,468,299 (29,223,654)22.47 %8,216,453 38,057,079 Net Total 0 (5,855,171)(5,855,171)0.00 %(5,851,085)478,097 May 03, 2017 12:07 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 28 Fund: 200 - Recreation Fund Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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 631,674 0 (631,674)0.00 %0 600,388 Intergovernmental 0 0 0 0.00 %0 10 Charges for Services 1,276,725 252,770 (1,023,955)19.80 %717,444 1,225,279 Contributions & Donations - Operating 10,000 25,194 15,194 251.94 %23,300 28,300 Interest Income 8,000 0 (8,000)0.00 %9,118 4,768 Other 1,300 2,960 1,660 227.69 %0 1,685 Total Revenue 1,927,699 280,924 (1,646,775)14.57 %749,862 1,860,430 Expense: Personal Services 1,163,023 237,169 (925,854)20.39 %233,582 1,060,229 Materials and Supplies 56,000 18,794 (37,206)33.56 %9,285 68,914 Employee Development & Meetings 9,400 1,014 (8,386)10.79 %0 5,459 Dues & Subscriptions 1,620 2,401 781 148.20 %2,215 2,609 Contractual Services 535,870 115,185 (420,685)21.49 %130,099 514,970 Equipment 4,500 0 (4,500)0.00 %0 6,686 Capital Improvements 0 5,159 5,159 0.00 %5,550 5,550 Allocations 86,386 21,596 (64,790)25.00 %19,198 76,790 Transfers Out 22,831 0 (22,831)0.00 %0 20,138 Other Expense 48,069 13,315 (34,754)27.70 %9,681 44,503 Total Expense 1,927,699 414,633 (1,513,066)21.51 %409,610 1,805,847 Net Total 0 (133,709)(133,709)0.00 %340,252 54,583 May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 2 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 29 Fund: 220 - Transit System Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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: Intergovernmental 4,234,566 1,069,693 (3,164,873)25.26 %539,637 4,096,174 Charges for Services 1,140,000 170,349 (969,651)14.94 %170,902 1,019,326 Interest Income 35,000 0 (35,000)0.00 %78,997 56,808 Other 0 0 0 0.00 %0 5,239 Transfers In 0 0 0 0.00 %0 18,330 Total Revenue 5,409,566 1,240,042 (4,169,524)22.92 %789,535 5,195,877 Expense: Personal Services 0 29,507 29,507 0.00 %0 22,599 Materials and Supplies 557,000 88,068 (468,932)15.81 %0 4,244 Employee Development & Meetings 2,750 0 (2,750)0.00 %(1)16 Dues & Subscriptions 13,500 9,500 (4,000)70.37 %9,500 9,500 Contractual Services 4,730,263 693,074 (4,037,189)14.65 %1,018,056 4,088,504 Equipment 1,500 0 (1,500)0.00 %0 0 Capital Improvements 0 0 0 0.00 %59,500 145,037 Allocations 67,248 16,812 (50,436)25.00 %19,958 79,833 Transfers Out 36,730 0 (36,730)0.00 %0 0 Other Expense 575 2 (573)0.40 %270 20,435 Total Expense 5,409,566 836,963 (4,572,603)15.47 %1,107,283 4,370,169 Net Total 0 403,079 403,079 0.00 %(317,748)825,709 May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 3 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 30 Fund: 250 - Community Dev Block Grant (CDBG) Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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 3,790 0 (3,790)0.00 %0 2,098 Intergovernmental 294,398 32,683 (261,715)11.10 %84,823 311,267 Interest Income 600 0 (600)0.00 %574 237 Total Revenue 298,788 32,683 (266,105)10.94 %85,397 313,602 Expense: Personal Services 50,481 11,030 (39,451)21.85 %9,883 34,879 Materials and Supplies 300 0 (300)0.00 %0 126 Employee Development & Meetings 1,266 345 (921)27.25 %531 935 Contractual Services 7,900 664 (7,236)8.40 %502 7,744 Allocations 4,727 1,182 (3,545)25.00 %1,236 4,945 Other Expense 234,114 57,774 (176,341)24.68 %66,857 229,885 Total Expense 298,788 70,994 (227,794)23.76 %79,010 278,514 Net Total 0 (38,312)(38,312)0.00 %6,388 35,088 May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 4 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 31 Fund: 254 - HRA Section 8 Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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: Intergovernmental 3,179,250 756,799 (2,422,451)23.80 %745,481 3,003,903 Interest Income 0 0 0 0.00 %2 92 Transfers In 34,181 0 (34,181)0.00 %0 0 Total Revenue 3,213,431 756,799 (2,456,632)23.55 %745,483 3,003,995 Expense: Personal Services 239,673 50,304 (189,369)20.99 %48,859 211,145 Materials and Supplies 100 0 (100)0.00 %0 0 Employee Development & Meetings 1,125 0 (1,125)0.00 %0 92 Dues & Subscriptions 750 0 (750)0.00 %0 0 Contractual Services 21,500 2,923 (18,577)13.59 %3,162 13,276 Allocations 24,692 6,173 (18,519)25.00 %10,048 40,194 Other Expense 2,925,591 692,334 (2,233,257)23.66 %685,262 2,740,223 Total Expense 3,213,431 751,733 (2,461,698)23.39 %747,332 3,004,931 Net Total 0 5,066 5,066 0.00 %(1,848)(936) May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 5 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 32 Fund: 258 - HRA General Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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 567,589 0 (567,589)0.00 %0 558,673 Intergovernmental 0 0 0 0.00 %0 125,010 Charges for Services 9,900 2,475 (7,425)25.00 %2,475 9,900 Interest Income 37,150 0 (37,150)0.00 %35,301 29,762 Other 10,000 0 (10,000)0.00 %3,280 7,132 Transfers In 5,000 0 (5,000)0.00 %0 0 Total Revenue 629,639 2,475 (627,164)0.39 %41,056 730,476 Expense: Personal Services 250,233 56,006 (194,227)22.38 %55,186 229,123 Materials and Supplies 700 0 (700)0.00 %0 977 Employee Development & Meetings 3,300 0 (3,300)0.00 %1,820 1,341 Dues & Subscriptions 1,700 816 (884)48.02 %758 758 Contractual Services 31,888 4,245 (27,643)13.31 %1,594 35,311 Allocations 24,555 6,139 (18,416)25.00 %5,833 23,334 Transfers Out 90,646 47,000 (43,646)51.85 %49,500 358,000 Other Expense 226,617 0 (226,617)0.00 %90 129,015 Total Expense 629,639 114,206 (515,433)18.14 %114,780 777,858 Net Total 0 (111,731)(111,731)0.00 %(73,724)(47,382) May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 6 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 33 Fund: 500 - Water Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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: Permits and Licenses 8,548 4,020 (4,528)47.03 %3,310 16,660 Intergovernmental 0 0 0 0.00 %0 10,000 Charges for Services 7,793,869 803,535 (6,990,334)10.31 %653,325 6,431,548 Billings to Departments 16,000 0 (16,000)0.00 %0 0 Contributions & Donations - Capital 600,000 0 (600,000)0.00 %0 3,001,434 Interest Income 15,000 0 (15,000)0.00 %44,238 36,575 Other 0 1,792 1,792 0.00 %1,521 15,528 Transfers In 0 0 0 0.00 %0 5,821,520 Total Revenue 8,433,417 809,347 (7,624,070)9.60 %702,394 15,333,266 Expense: Personal Services 1,266,559 271,052 (995,507)21.40 %283,745 1,231,423 Materials and Supplies 844,000 116,256 (727,744)13.77 %187,873 755,362 Employee Development & Meetings 8,000 2,499 (5,501)31.24 %3,584 6,106 Dues & Subscriptions 5,000 3,553 (1,448)71.05 %3,717 3,717 Contractual Services 2,632,800 291,463 (2,341,337)11.07 %354,335 2,693,994 Equipment 12,000 1,901 (10,099)15.85 %3,061 12,697 Capital Improvements 985,000 0 (985,000)0.00 %0 0 Depreciation 0 0 0 0.00 %0 2,539,210 Debt Service - Interest 62,263 44,400 (17,863)71.31 %58,425 60,194 Allocations 711,722 177,931 (533,791)25.00 %186,635 746,540 Transfers Out 1,898,300 0 (1,898,300)0.00 %0 1,581,919 Other Expense 7,773 416 (7,357)5.36 %872 6,219 Total Expense 8,433,417 909,471 (7,523,946)10.78 %1,082,247 9,637,379 Net Total 0 (100,123)(100,123)0.00 %(379,853)5,695,887 May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 7 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 34 Fund: 510 - Water Resources Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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: Intergovernmental 0 0 0 0.00 %0 264,026 Charges for Services 3,110,952 516,387 (2,594,565)16.60 %353,606 3,005,275 Billings to Departments 100,000 0 (100,000)0.00 %0 0 Contributions & Donations - Capital 0 0 0 0.00 %0 2,248,049 Interest Income 45,025 0 (45,025)0.00 %32,045 25,119 Other 20,000 2,749 (17,251)13.75 %5,376 40,080 Transfers In 1,771,845 0 (1,771,845)0.00 %0 662,561 Total Revenue 5,047,822 519,136 (4,528,686)10.28 %391,026 6,245,110 Expense: Personal Services 741,721 166,530 (575,191)22.45 %164,805 713,549 Materials and Supplies 191,700 6,737 (184,963)3.51 %40,108 172,057 Employee Development & Meetings 2,200 129 (2,071)5.89 %2,386 2,526 Dues & Subscriptions 320,000 300,943 (19,057)94.04 %278,833 278,894 Contractual Services 712,200 56,224 (655,976)7.89 %50,283 664,253 Equipment 15,000 106 (14,894)0.71 %1,444 6,366 Capital Improvements 2,695,000 0 (2,695,000)0.00 %0 0 Depreciation 0 0 0 0.00 %0 396,259 Allocations 355,170 88,793 (266,378)25.00 %86,580 346,322 Transfers Out 0 0 0 0.00 %0 670,668 Other Expense 14,831 250 (14,581)1.69 %185 1,264 Total Expense 5,047,822 619,712 (4,428,110)12.28 %624,626 3,252,158 Net Total 0 (100,576)(100,576)0.00 %(233,600)2,992,951 May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 8 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 35 Fund: 520 - Sewer Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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: Permits and Licenses 8,862 3,610 (5,252)40.74 %2,860 17,271 Intergovernmental 27,000 3,821 (23,179)14.15 %3,829 15,315 Charges for Services 9,238,611 1,175,383 (8,063,228)12.72 %980,410 7,949,222 Billings to Departments 105,000 0 (105,000)0.00 %0 0 Contributions & Donations - Capital 800,000 0 (800,000)0.00 %0 1,853,614 Interest Income 10,010 0 (10,010)0.00 %28,740 34,849 Other 18,000 9,096 (8,904)50.54 %2,663 46,723 Transfers In 59,478 0 (59,478)0.00 %0 3,405,117 Total Revenue 10,266,961 1,191,911 (9,075,050)11.61 %1,018,501 13,322,111 Expense: Personal Services 754,530 170,373 (584,157)22.58 %165,565 716,000 Materials and Supplies 151,500 27,294 (124,206)18.02 %35,096 115,841 Employee Development & Meetings 6,000 4,659 (1,341)77.65 %4,576 5,614 Contractual Services 7,069,200 1,921,444 (5,147,756)27.18 %1,802,595 5,971,633 Equipment 6,000 804 (5,196)13.40 %1,484 4,657 Capital Improvements 1,570,000 0 (1,570,000)0.00 %0 0 Depreciation 0 0 0 0.00 %0 1,221,889 Allocations 701,923 175,481 (526,442)25.00 %174,891 699,565 Transfers Out 0 0 0 0.00 %0 1,480,663 Other Expense 7,808 539 (7,269)6.91 %556 3,079 Total Expense 10,266,961 2,300,595 (7,966,366)22.41 %2,184,764 10,218,941 Net Total 0 (1,108,684)(1,108,684)0.00 %(1,166,263)3,103,170 May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 9 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 36 Fund: 530 - Solid Waste Mgmt Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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: Permits and Licenses 4,975 4,400 (575)88.44 %4,400 0 Intergovernmental 120,547 0 (120,547)0.00 %0 222,251 Charges for Services 665,802 77,194 (588,608)11.59 %67,570 579,226 Interest Income 30,015 0 (30,015)0.00 %22,897 18,006 Other 14,500 0 (14,500)0.00 %0 16,881 Transfers In 304,845 0 (304,845)0.00 %0 0 Total Revenue 1,140,684 81,594 (1,059,090)7.15 %94,867 836,364 Expense: Personal Services 137,429 21,730 (115,699)15.81 %31,327 148,891 Materials and Supplies 12,140 1,573 (10,567)12.96 %1,646 2,263 Employee Development & Meetings 240 0 (240)0.00 %0 25 Dues & Subscriptions 540 0 (540)0.00 %0 10 Contractual Services 915,844 192,491 (723,353)21.02 %137,002 848,411 Equipment 1,500 0 (1,500)0.00 %0 0 Depreciation 0 0 0 0.00 %0 4,821 Allocations 65,577 16,394 (49,183)25.00 %17,021 68,086 Other Expense 7,414 633 (6,781)8.54 %697 1,932 Total Expense 1,140,684 232,822 (907,862)20.41 %187,692 1,074,439 Net Total 0 (151,228)(151,228)0.00 %(92,825)(238,074) May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 10 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 37 Fund: 540 - Ice Center Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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: Charges for Services 1,617,068 464,504 (1,152,564)28.73 %465,585 1,579,902 Contributions & Donations - Operating 0 0 0 0.00 %0 88,301 Contributions & Donations - Capital 85,976 12,957 (73,019)15.07 %0 139,278 Interest Income 17,000 0 (17,000)0.00 %15,493 14,487 Other 13,000 6,839 (6,161)52.61 %4,954 29,918 Transfers In 191,567 0 (191,567)0.00 %0 0 Total Revenue 1,924,611 484,300 (1,440,311)25.16 %486,032 1,851,886 Expense: Personal Services 740,284 151,117 (589,167)20.41 %147,173 576,629 Materials and Supplies 150,100 23,039 (127,061)15.35 %26,691 88,380 Employee Development & Meetings 2,200 149 (2,051)6.77 %21 2,202 Dues & Subscriptions 950 504 (446)53.05 %150 249 Contractual Services 511,700 138,299 (373,401)27.03 %92,297 508,749 Equipment 20,200 879 (19,321)4.35 %3,155 10,767 Capital Improvements 300,000 0 (300,000)0.00 %6,750 0 Depreciation 0 0 0 0.00 %0 488,317 Allocations 167,282 41,820 (125,462)25.00 %39,422 157,688 Transfers Out 0 0 0 0.00 %0 131,861 Other Expense 31,895 2,137 (29,758)6.70 %1,846 33,173 Total Expense 1,924,611 357,945 (1,566,666)18.60 %317,505 1,998,014 Net Total 0 126,355 126,355 0.00 %168,527 (146,128) May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 11 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 38 Fund: 550 - Field House Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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: Charges for Services 414,700 241,748 (172,953)58.29 %237,568 374,197 Interest Income 23,000 0 (23,000)0.00 %22,349 17,274 Other 2,500 1,108 (1,392)44.34 %646 1,494 Transfers In 696,147 0 (696,147)0.00 %0 0 Total Revenue 1,136,347 242,856 (893,491)21.37 %260,563 392,966 Expense: Personal Services 122,367 36,628 (85,739)29.93 %35,507 115,618 Materials and Supplies 7,900 1,378 (6,522)17.45 %1,086 4,323 Employee Development & Meetings 200 0 (200)0.00 %0 0 Contractual Services 111,900 27,818 (84,082)24.86 %27,377 83,402 Capital Improvements 875,000 0 (875,000)0.00 %0 0 Depreciation 0 0 0 0.00 %0 63,745 Allocations 17,579 4,395 (13,184)25.00 %4,352 17,406 Transfers Out 0 0 0 0.00 %0 182,942 Other Expense 1,401 251 (1,150)17.89 %273 1,441 Total Expense 1,136,347 70,470 (1,065,877)6.20 %68,595 468,876 Net Total 0 172,386 172,386 0.00 %191,968 (75,911) May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 12 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 39 Fund: 600 - Central Equipment Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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: Charges for Services 0 0 0 0.00 %0 25,400 Billings to Departments 3,350,572 837,643 (2,512,929)25.00 %813,245 3,252,980 Contributions & Donations - Capital 0 0 0 0.00 %0 656,909 Interest Income 100,040 0 (100,040)0.00 %88,093 65,223 Other 40,000 399 (39,601)1.00 %726 49,446 Transfers In 0 0 0 0.00 %0 268,341 Total Revenue 3,490,612 838,042 (2,652,570)24.01 %902,064 4,318,299 Expense: Personal Services 462,538 99,773 (362,765)21.57 %102,628 436,785 Materials and Supplies 810,100 110,728 (699,372)13.67 %141,545 558,012 Employee Development & Meetings 1,500 833 (667)55.53 %0 175 Dues & Subscriptions 2,000 1,590 (411)79.48 %1,580 1,759 Contractual Services 129,900 17,170 (112,730)13.22 %14,300 86,455 Equipment 113,500 1,357 (112,143)1.20 %893 10,087 Capital Improvements 1,552,600 121,433 (1,431,167)7.82 %63,523 0 Depreciation 0 0 0 0.00 %0 1,298,162 Allocations 110,341 27,585 (82,756)25.00 %28,464 113,855 Transfers Out 304,463 0 (304,463)0.00 %0 105,645 Other Expense 3,670 0 (3,670)0.00 %278 1,805 Total Expense 3,490,612 380,470 (3,110,142)10.90 %353,211 2,612,741 Net Total 0 457,572 457,572 0.00 %548,853 1,705,559 May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 13 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 40 Fund: 610 - Public Facilities Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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: Billings to Departments 1,799,491 449,873 (1,349,618)25.00 %436,769 1,747,078 Contributions & Donations - Capital 0 0 0 0.00 %0 212,871 Interest Income 80,030 0 (80,030)0.00 %70,918 54,168 Other 0 69 69 0.00 %105 4,158 Transfers In 127,881 0 (127,881)0.00 %0 0 Total Revenue 2,007,402 449,942 (1,557,460)22.41 %507,792 2,018,275 Expense: Personal Services 252,762 34,280 (218,482)13.56 %56,961 238,026 Materials and Supplies 45,000 9,161 (35,839)20.36 %8,849 36,753 Employee Development & Meetings 3,000 0 (3,000)0.00 %0 20 Dues & Subscriptions 1,000 286 (714)28.60 %558 264 Contractual Services 875,800 131,964 (743,836)15.07 %136,970 801,756 Equipment 500 0 (500)0.00 %9,788 39,018 Capital Improvements 786,000 6,343 (779,657)0.81 %26,480 0 Depreciation 0 0 0 0.00 %0 101,508 Allocations 41,528 10,382 (31,146)25.00 %6,938 27,754 Transfers Out 0 0 0 0.00 %0 182,911 Other Expense 1,812 0 (1,812)0.00 %220 1,485 Total Expense 2,007,402 192,416 (1,814,986)9.59 %246,764 1,429,495 Net Total 0 257,526 257,526 0.00 %261,029 588,781 May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 14 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 41 Fund: 620 - Information Technology Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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: Intergovernmental 0 0 0 0.00 %0 6,655 Charges for Services 0 15 15 0.00 %14 131 Billings to Departments 2,381,102 595,275 (1,785,827)25.00 %543,294 2,173,177 Contributions & Donations - Capital 0 0 0 0.00 %0 117,337 Interest Income 75,000 0 (75,000)0.00 %63,001 47,651 Other 0 103 103 0.00 %187 2,038 Transfers In 317,388 0 (317,388)0.00 %0 0 Total Revenue 2,773,490 595,394 (2,178,096)21.47 %606,496 2,346,989 Expense: Personal Services 645,610 141,377 (504,233)21.90 %149,578 614,421 Materials and Supplies 58,500 3,485 (55,015)5.96 %6,685 31,179 Employee Development & Meetings 25,500 6,308 (19,192)24.74 %5,670 8,627 Dues & Subscriptions 250 0 (250)0.00 %0 0 Contractual Services 820,856 445,788 (375,068)54.31 %453,245 776,923 Equipment 125,000 50,575 (74,425)40.46 %110,867 189,155 Capital Improvements 1,047,000 42,266 (1,004,734)4.04 %88,279 0 Depreciation 0 0 0 0.00 %0 170,684 Allocations 38,234 9,559 (28,675)25.00 %9,275 37,101 Transfers Out 0 0 0 0.00 %0 174,816 Other Expense 12,540 0 (12,540)0.00 %192 1,302 Total Expense 2,773,490 699,357 (2,074,133)25.22 %823,790 2,004,208 Net Total 0 (103,963)(103,963)0.00 %(217,294)342,781 May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 15 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 42 Fund: 630 - Risk Management Reporting Period: January, 2017 To March, 2017 (3 Months) Fund Category: Multiple; Fund: All; 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: Billings to Departments 553,490 138,373 (415,117)25.00 %178,300 713,200 Interest Income 105,050 0 (105,050)0.00 %94,354 68,516 Other 90,000 15,714 (74,286)17.46 %17,057 283,686 Transfers In 255,512 0 (255,512)0.00 %0 0 Total Revenue 1,004,052 154,086 (849,966)15.35 %289,711 1,065,402 Expense: Personal Services 0 2,548 2,548 0.00 %28,578 66,109 Materials and Supplies 500 0 (500)0.00 %0 45 Employee Development & Meetings 500 0 (500)0.00 %0 0 Dues & Subscriptions 615 445 (170)72.36 %385 425 Contractual Services 964,636 189,753 (774,883)19.67 %162,962 1,126,665 Equipment 600 0 (600)0.00 %0 0 Allocations 12,101 3,025 (9,076)25.00 %3,071 12,282 Transfers Out 0 0 0 0.00 %0 46,106 Other Expense 25,100 3,991 (21,109)15.90 %8,020 14,209 Total Expense 1,004,052 199,762 (804,290)19.90 %203,015 1,265,842 Net Total 0 (45,676)(45,676)0.00 %86,696 (200,440) May 03, 2017 12:07 PM Actual vs Budget Year to Date with Prior Year Comparison Page 16 Actual vs Budget Year to Date with Prior Year Comparison by Fund: Page 43 user: Jodi Bursheim Pages 1 of 2 Tuesday, May 02, 2017 Ending Balance $11,506,063.69 $752,784.37 $144,511.64 $7,168,774.17 $56,264.00 $94,401.88 $13,806.52 $37,058.57 $580,006.51 $2,201,771.39 $93,804.57 $115,154.53 $359,351.75 $1,033,635.49 $876,188.47 ($109.65) ($217,855.30) $5,423.74 $70,029.73 ($473,525.00) $17,850.46 $4,764,438.59 $5,253,253.67 $5,010,410.58 $2,870,822.97 $8,309,194.50 $542,347.85 $4,945,702.60 $3,984,388.26 $4,410,691.10 $4,680,934.11 $7,298,025.51 $165,531.40 ($192,670.22) $1,784,809.54 ($1,028.25) $611,131.82 $68,388.57 City of Plymouth Cash Balance Report Period ending March 31, 2017 Fund Description 100 General Fund 200 Recreation Fund 210 Parker's Lake Cemetery Maintnce 220 Transit System 230 Community Development 234 Economic Development 240 Lawful Gambling 250 Community Dev Block Grant (CDBG) 254 HRA Section 8 303 2003C - Special Assmt Strt Recon 305 2004A - GO Public Safety 258 HRA General 301 2003D - Open Space Refunding 302 2003B - GO Street Reconstruction 308 2005A - TIF #1-1 309 2007A - Opens Space Series 310 2009A - TIF 7-5A - Refund 1998A 311 2009B - AC and FH Refunding 312 2010A - GO Open Space 314 2012A GO Refunding 2004A 315 2015A GO Open Space 400 CON - Const Imprvmnts - General 401 FND - Minnesota State Aid 404 FND - Community Improvement 405 FND - Park Replacement 406 FND - Street Reconstruction 412 ENT - FND - Water Sewer Replace 413 CON - Constr Imprvmnts - Streets 407 FND - Admin - Pre-construction 408 FND - Park Const Dedication Fees 409 FND - Capital Improvement 418 ENT - FND - Util Trunk Expansion 420 ENT - Water Sewer Construction 421 ENT - Water Resources Constrctn 422 TIF - 7-4 - PTP Construction 423 TIF - 7-5 - Rottland 424 TIF - 7-6 - Berkshire 425 TIF - Housing Assistance Program Page 44 user: Jodi Bursheim Pages 2 of 2 Tuesday, May 02, 2017 City of Plymouth Cash Balance Report Period ending March 31, 2017 $68,337.53 $263,491.97 $14,748.37 $141,029.90 ($517.18) $2,945,645.82 $2,686,086.82 $2,178,437.80 $1,421,211.13 $1,111,159.18 $1,797,160.08 $7,589,033.28 $5,951,316.48 $5,204,166.64 $7,375,885.51 $4,930,878.05 $3,138,299.03 $191,248.23 $720,993.17 ($204,069.91) $126,466,306.03 426 TIF - 7-7 - Stonecreek 427 TIF - 1-1 - Shops at Plymth Crk 428 TIF - 1-2 - Vicksburg Commons 429 TIF -1-3 - Crossroads Stations 432 TIF - 7-8 Quest 500 Water 510 Water Resources 520 Sewer 530 Solid Waste Mgmt 540 Ice Center 550 Field House 600 Central Equipment 610 Public Facilities 620 Information Technology 630 Risk Management 640 Employee Benefits 660 Resource Planning 700 Parker's Lake Cemetery 850 Plymouth Town Square 851 Vicksburg Crossing Page 45 City of Plymouth InvestmentsPortfolio ManagementMarch 31, 2017City of PlymouthPortfolio Summary% ofPortfolioBookValueInvestmentsMarketValueParValueDays toMaturityTermYTM365 Equiv.Certificates of Deposit2,467,000.00 1,7851.981.9278212,486,478.772,467,000.00Bankers Acceptances -Amortizing4,993,555.85 954.010.885484,995,064.405,000,000.00Federal Agency Coupon Securities57,434,152.33 2,04646.101.5621,28856,775,198.2357,441,176.47Miscellaneous Coupon Securities804,156.053,5300.652.7342,526808,030.20782,459.43Pass Through Securities (GNMA/CMO)8,893,591.353,6557.142.0892,5118,760,660.838,481,431.93Municipal Bonds49,986,653.432,28340.122.0141,47449,787,333.1549,195,000.00124,579,109.01 100.00%Investments123,612,765.58123,367,067.832,183 1,399 1.769Cash and Accrued Interest124,599,287.39Total Cash and Investments20,178.38Subtotal20,178.38123,632,943.96123,367,067.8320,178.3820,178.382,183 1,399 1.769Accrued Interest at PurchaseCurrent YearMarch 31180,837.28Average Daily BalanceEffective Rate of Return126,061,463.041.69%Total EarningsMonth Ending__________________________________________________ ____________________Patti Weitgenant, AccountantPortfolio INVTAPReporting period 03/01/2017-03/31/2017Run Date: 05/03/2017 - 10:41PM (PRF_PM1) 7.3.0No fiscal year history availableReport Ver. 7.3.3aPage 46