HomeMy WebLinkAbout2026/07/06 - ADMIN - Agenda Packets - City Council - RegularAGENDA
JULY 6, 2026
6:00 p.m. Economic Development Authority meeting – Council Chambers
1. Call to order.
2. Approve agenda.
3. Minutes.
a.EDA meeting minutes of June 15, 2026
4. Consent item.
a.Approve EDA disbursements
5. Public hearings – none.
6. Regular business – none.
7. Communications and announcements – none.
8. Adjournment.
6:15 p.m. City council meeting – Council Chambers
1.Call to order.
a.Roll call.
b.Pledge of Allegiance.
2.Approve agenda.
3.Presentations.
a.Proclamation observing National Disability Independence Day
b.Recognition of donations
4.Minutes.
a.Study session meeting minutes of June 8, 2026
b.City council meeting minutes of June 15, 2026
c.Closed executive session meeting minutes of June 15, 2026
5.Consent items.
a.Approve city disbursements
b.Resolution accepting donations to the city for the parks and recreation department
c.Resolution accepting donations to the city for the fire department
d.Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A
e.Resolution amending change order policy
f.Second reading and adoption of ordinance amending Chapter 3 of the city code related to
temporary liquor licenses
g.Approve temporary on-sale intoxicating liquor license - Church of the Holy Family
h.Resolution authorizing final payment for the 2025 Sanitary Sewer Mainline Rehabilitation
project (4025-3000)
Agenda EDA, city council and special study session meetings of July 6, 2026
i.Resolution approving grant agreement with MnDOT for Cedar Lake Road and Louisiana Avenue
Improvements project - Ward 4
j.Resolution authorizing special assessment for sewer service line repair at 3340 Rhode Island
Avenue South - Ward 3
k.Resolution approving special assessment for sewer service line repair at 3920 Lynn Avenue South -
Ward 2
l.Resolutions supporting DEED redevelopment grant application for Creekline Flats - Ward 3
m.Resolution supporting Sentinel Management company's application for Hennepin County ERF
grant for the Wooddale Station - Ward 2
n.Approve quote to supply lighting materials for a replacement project at Keller Baseball Field in
Dakota Park - Ward 1
6. Public hearing.
a.Public hearing for new liquor license - Best of India Inc dba Best of India
7. Regular business - none.
8. Communications and announcements – none.
9. Adjournment.
Following city council meeting – Special study session – Council Chambers
Discussion Items
1. St. Louis Park school district community engagement regarding referendum
2. 2026 Legislative Session wrap-up
Written Reports
3. Good Governance system kick-off
4. Disposition of public land adjacent to 2754 Xenwood Avenue South - Ward 1
Members of the public can attend St. Louis Park Economic Development Authority and city council meetings
in person. At regular city council meetings, members of the public may comment on any item on the agenda by attending the meeting in-person or by submitting written comments to info@stlouisparkmn.gov by noon
the day of the meeting. Official minutes of meetings are available on the city website once approved.
Watch St. Louis Park Economic Development Authority or regular city council meetings live at
bit.ly/watchslpcouncil or at www.parktv.org, or on local cable (Comcast SD channel 14/HD channel 798).
Recordings of the meetings are available to watch on the city's YouTube channel at
www.youtube.com/@slpcable, usually within 24 hours of the meeting’s end.
City council study sessions are not broadcast.
Generally, it is not council practice to receive public comment during study sessions.
The council chambers are equipped with Hearing Loop equipment and headsets are available to borrow.
If you need special accommodations or have questions about the meeting, please call 952.924.2505.
Meeting: Economic development authority
Meeting date: July 6, 2026
Minutes: 3a
Unofficial minutes
EDA meeting
St. Louis Park, Minnesota
June 15, 2026
1.Call to order.
President Farris called the meeting to order at 6:03 p.m.
a.Roll call
Commissioners present: Daniel Bashore, Jim Engelking, Sue Budd, Tim Brausen, President
Yolanda Farris
Commissioners absent: Commissioners Nadia Mohamed and Paul Baudhuin
Staff present: city manager (Ms. Keller), city attorney (Mr. Mattick), communications and
technology director (Ms. Smith), deputy city clerk (Ms. Scott-Lerdal)
2.Approve agenda.
It was moved by Commissioner Brausen, seconded by Commissioner Budd, to approve the
agenda as presented.
The motion passed 5 – 0 (Commissioners Mohamed and Baudhuin absent).
a.EDA meeting minutes of June 1, 2026
It was moved by Commissioner Engelking, seconded by Commissioner Brausen, to approve the
EDA meeting minutes of June 1, 2026, as presented.
The motion passed 5 – 0 (Commissioners Mohamed and Baudhuin absent).
4.Consent item.
a.EDA Resolution No. 26-16 approving subgrant agreement for Hennepin County cleanup
funds for Beltline Station – Ward 1
It was moved by Commissioner Bashore, seconded by Commissioner Budd, to approve the
consent item as listed and to waive reading of all resolutions.
The motion passed 5 – 0 (Commissioners Mohamed and Baudhuin absent).
5.Public hearings – none.
6.Regular business – none.
Economic development authority meeting of July 6, 2026 (Item No. 3a) Page 2
Title: Meeting minutes of June 15, 2026
7. Communications and announcements – none.
8. Adjournment.
The EDA meeting adjourned at 6:05 p.m.
______________________________________ ______________________________________
Melissa Kennedy, city clerk Yolanda Farris, president
These minutes were created with the assistance of a generative AI transcript service, then edited
and finalized by a city staff person.
Meeting: Economic development authority
Meeting date: July 6, 2026
Consent agenda item: 4a
Executive summary
Title: Approve EDA disbursements
Recommended action: Motion to approve EDA disbursement claims for the period of May 27
through June 29, 2026.
Policy consideration: Does the EDA approve the disbursements listed for the period ending
June 29, 2026?
Summary: The finance division prepares this report monthly for the EDA to review and approve.
The attached report shows both EDA disbursements paid by physical check and those by wire
transfer or Automated Clearing House (ACH) when applicable.
Financial or budget considerations: Review and approval of disbursements by the EDA is
required and provides another layer of oversight to further ensure fiscal stewardship.
Strategic priority consideration: Not applicable.
Supporting documents: EDA disbursement summary
Prepared by: Estela Mulugeta, accounting specialist
Reviewed by: Joe Olson, deputy finance director
Approved by: Cindy Walsh, deputy city manager
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
414.46CENTERPOINT ENERGY EDA - 4300 36 1/2 G&A Heating Gas Utility
414.46
2,600.00EHLERS & ASSOCIATES INC General Fund BS GENERAL
2,600.00
52.00KUTAK ROCK LLP Development - EDA G&A Consulting Fees/Fees For Serv
52.00
21.32MONSON JENNIFER Development - EDA G&A Employee Mileage Reimbursement
21.32
55.83PATER JASE Development - EDA G&A Employee Mileage Reimbursement
26.00Development - EDA G&A Other Travel, Conv & Conf
81.83
839.40WHIPPER SNAPPER LAWN SERVICE Development - EDA G&A Repairs and Maintenance
839.40
Report Totals 4,185.62
XCEL ENERGY EDA - 4300 36 1/2 G&A 176.612
Economic Development Authority meeting of July 6, 2026 (Item No. 4a)
Title: Approve EDA disbursements Page 2
Meeting: City council
Meeting date: July 6, 2026
Presentation: 3a
Executive summary
Title: Proclamation observing National Disability Independence Day
Recommended action: Mayor to read the proclamation.
Policy consideration: None.
Summary: National Disability Independence Day marks the importance of the signing of the
Americans with Disabilities Act (ADA) in 1990. The ADA came from decades of activism and
advocacy by people with disabilities with the goal of legally requiring access and protection
from discrimination based on ability. The ADA is foundational to full participation in society,
including access to employment, transportation, housing and dignity for people with
disabilities. By celebrating this day as a significant point in history for disability independence,
our city continues to support our vision of being an inclusive, equitable and vibrant city for all
regardless of ability. The City of St. Louis Park invites our community to learn more about
disabilities and explore ways to incorporate accessibility in our daily lives.
Financial or budget considerations: None.
Strategic priority consideration: St. Louis Park is committed to being an inclusive, equitable and
vibrant city where everyone feels safe and experiences a strong sense of belonging.
Supporting documents: Resource Page, proclamation
Prepared by: Jocelyn I Hernandez Guitron, racial equity and inclusion specialist
Reviewed by: Cheyenne Brodeen, administrative services director
Approved by: Cindy Walsh, deputy city manger
City council meeting of July 6, 2026 (Item No. 3a) Page 2
Title: Proclamation observing National Disability Independence Day
Resource page
In recognition of National Disability Independence Day, the City of St. Louis Park invites you to:
• Understand what life is like for people with disabilities:
• Disability Impacts All of Us Infographic | Disability and Health | CDC
• The Needs Of People With Disabilities - National Disability Institute
• People with Disabilities | NAMI
• What to Know and Do about Ongoing Changes to U.S. Disability Law and Policy
— HPOD
• Find ways to increase accessibility in your everyday life
• Everyday accessibility tips for the workplace | Campus Accessibility | University
of Waterloo
• How to Help Employees With Disabilities Thrive | The Way We Work, a TED
series
• 5 ‘Accessibility Features’ You Use Every Day (Without Realizing It) | by Adriana |
Medium
City council meeting of July 6, 2026 (Item No. 3a) Page 3
Title: Proclamation observing National Disability Independence Day
Proclamation Observing
“National Disability Independence Day”
Whereas, this month marks the anniversary of the Americans with Disabilities Act
(ADA), the 1990 law that codified civil rights and access for disabled Americans; and
Whereas, the acknowledgement of disability and access requirements has allowed
increased independence for those with disabilities because the ADA enforces their rights to full
participation in society; and
Whereas, approximately 27% of the United States population and 52% of the
population who are 65 years of age and older have a disability as defined by law; and
Whereas, ADA requirements improve daily life for all people through accessible
sidewalks, buildings, workplaces and public spaces; and
Whereas, despite the ADA, barriers in healthcare, employment, transportation and
social attitudes continue to limit full access and recent federal actions threaten essential
supports; and
Whereas, disabilities impact the lives of individuals and families in complex ways, often
involving navigation through stigma, legal challenges, benefit systems and continued advocacy
for accommodations; and
Whereas, National Disability Independence Day celebrates the significance of the ADA,
encourages all residents to see disability and work to ensure every person can access and enjoy
life in the Park, regardless of ability; and
Now therefore, let it be known that the mayor and city council of the City of St. Louis
Park, Minnesota, hereby honor July 26, 2026 as National Disability Independence Day in our
community.
Wherefore, I set my hand and cause the
Great Seal of the City of St. Louis Park to be
affixed this 6th day of July, 2026.
_________________________________
Nadia Mohamed, mayor
Meeting: City council
Meeting date: July 6, 2026
Presentation: 3b
Executive summary
Title: Recognition of donations
Recommended action: Mayor announce and express appreciation for the following donations
to the city and listed on the consent agenda.
From Donation For
Lighthouse Management Group, Inc.
$2,800
Donation for a memorial bench in
Westwood Hills Nature Center
honoring Monique Yenamandra.
Joe and Jill Bollettieri
$2,800
Donation for a memorial bench in
Westwood Hills Nature Center
honoring 30 years of marriage.
Premium Waters $130
Donation of water and dispensers for
the annual fire department open
house
Jonny Pops $750 Donation of popsicles for the annual
fire department open house
Lindstrom Restoration N/A
Donation of used furniture for burn
room demonstrations at the annual
fire department open house
Strategic priority consideration: St. Louis Park is committed to being a city that delivers reliable
services, uses city resources responsibly, operates transparently and builds strong relationships
with residents.
Supporting documents: None.
Prepared by: Amanda Scott-Lerdal, deputy city clerk
Reviewed by: Melissa Kennedy, city clerk
Approved by: Cindy Walsh, deputy city manager
Meeting: City council
Meeting date: July 6, 2026
Minutes: 4a
Unofficial minutes
Study session
St. Louis Park, Minnesota
June 8, 2026
The meeting convened at 6:03 p.m.
Council Members present: Daniel Bashore, Jim Engelking, Sue Budd, Tim Brausen, Yolanda
Farris, Paul Baudhuin, Mayor Nadia Mohamed
Council Members absent: none
Staff present: city manager (Ms. Keller), community engagement coordinator (Mr. Coleman),
sustainability manager (Ms. Ziring)
Environment & Sustainability Commissioners: Jessie Hendrix, chair; Bennett Myhran, vice-chair;
Avital Krebs, youth member; Sasha Shahidi; Natalie Wagner
Discussion Items
1. Environment and Sustainability Commission annual meeting with council
Mr. Coleman introduced Ms. Hendrix and the commission members in attendance.
Ms. Hendrix presented the Environment & Sustainability Commission (ESC) 2025 work plan
accomplishments.
The commission supported the Climate Action Plan update by reviewing three sections in
collaboration with Ms. Ziring. The ESC supported the Electric Vehicle Petting Zoo event, which
allowed residents to interact with EV owners and learn about ownership experiences. The
commission met several times with the solid waste division to discuss barriers to participation
in the curbside organics program and contributed to developing a mailer targeting non-
participating households.
Youth commissioners tabled at elementary school open houses alongside city staff, running
eco-friendly craft activities for children while parents engaged with staff on topics such as home
electrification. The commission also supported promotion of the “MVTree” contest and
commission members volunteered to serve on the scoring committee. One member conducted
research into alternative options for wood waste disposal, though no cost-effective solution
had been identified. All commission members participated in the Vision 4.0 process.
Council Member Budd asked for participation numbers from the “MVTree” contest. Ms. Ziring
confirmed the contest received many submissions and that a commission member served on
the review committee; she would retrieve specific participation figures.
City council meeting of July 6, 2026 (Item No. 4a) Page 2
Title: Study session meeting minutes of June 8, 2026
Council Member Bashore asked whether the campaign would be annual. Ms. Ziring indicated
the intent was to hold it approximately every five years, given the slow rate at which tree
canopy changes.
Ms. Hendrix presented the ESC’s commission approved 2026 work plan. The Climate Action
Plan update would continue with the commission's most intensive review occurring through the
remainder of 2026. Ms. Ziring clarified that a consultant would be engaged in 2027 to assist
with calculations and authoring, with the goal of bringing the updated Climate Action Plan to
council in 2027 or 2028.
The commission identified two work plan items for which it sought council direction: a project
or policy on which the council desired broader ESC input, and a research topic the commission
could investigate independently and report on to inform future council decisions. Ms. Hendrix
requested that council provide direction by the end of summer to allow adequate time for the
commission to produce substantive work.
Additional 2026 activities included co-hosting the “Walk the Park” event at Louisiana Oaks Park
on July 11, 2026. Natural resources staff plan to participate to highlight sustainability efforts at
the park. The ESC also launched a list of youth volunteer opportunities tied to sustainability
efforts, designed to help students fulfill school or honor society service hour requirements.
Finally, the commission would assist with stewardship of the food forest at Ainsworth Park,
where approximately a dozen fruit trees were planted in 2024. The commission received a tree
pruning lesson in April 2026. They also planned a volunteer event for July 11, 2026, following
the “Walk the Park” event, to begin buckthorn removal near the fence line in preparation for
further planting.
Council Member Farris asked to be notified of the Ainsworth Park volunteer event date so that
she could help engage nearby residents and youth. Ms. Ziring confirmed that postcards would
be sent to surrounding apartment buildings approximately two weeks prior to the event.
Council Member Budd noted that a new neighborhood group has formed in the Oak Park
neighborhood and committed to sharing event information with them.
Council Member Baudhuin expressed appreciation for the ESC's approach to engaging youth
commissioners. He asked whether council direction needed to take place in a study session or
could be shared informally. Ms. Keller indicated that the appropriate process depended on
scope — straightforward items could proceed with informal consensus, while larger cross-
departmental efforts would warrant additional staff involvement. Council Member Baudhuin
requested that staff send a reminder to council members in late July 2026 to prompt ideas for
commission direction.
Council Member Brausen emphasized the importance of the Climate Action Plan update and
noted that the city was not on track to meet its 2030 goals. He expressed interest in identifying
where the greatest carbon reduction opportunities exist and how funding set aside in the prior
year's budget for environmental programs was being deployed. He also raised school
composting as a topic of continued interest.
City council meeting of July 6, 2026 (Item No. 4a) Page 3
Title: Study session meeting minutes of June 8, 2026
Council Member Bashore expressed support for continuing work on the Climate Action Plan. He
suggested the ESC conduct an assessment of existing city sustainability programs — including
the curbside organics program, Rainwater Rewards, tree sales and energy incentive programs
— to evaluate utilization levels and identify opportunities for improvement, expansion or more
targeted outreach.
Council Member Budd noted that a summary of programs funded through the Climate
Investment Fund was presented at the study session on May 18, 2026. Ms. Ziring confirmed
that report did not cover every sustainability program; it focused specifically on city cost
sharing incentive program expenditures paid from the climate investment fund. Ms. Ziring
added that she provides the ESC quarterly updates on program participation numbers.
Council Member Budd suggested the ESC could add value by recommending strategies to grow
underutilized programs.
Council Member Bashore agreed emphasizing outreach for programs such as organics recycling.
Council Member Engelking thanked the commission for its work. He suggested exploring a
"project in a box" concept through which neighborhood associations could use city-provided
equipment to undertake self-contained sustainability projects such as buckthorn removal.
Ms. Hendrix noted that the city's new adopt-a-plot program, which allows groups to take
responsibility for smaller naturalized spaces, could serve as a vehicle for that type of
engagement.
Council Member Engelking also suggested that underutilized space at passive parks, such as
Jackley Park in the Brookside neighborhood, could be considered for community gardens or
native pollinator plantings, potentially connected to neighborhood food shelf donation efforts.
He further suggested the ESC explore ways to promote and generate excitement around the
upcoming light rail opening to encourage first-time ridership.
Council Member Baudhuin asked whether the Climate Action Plan update would include an
analysis of why the 2030 goals would not be met and what barriers existed. Ms. Ziring
confirmed that the updated plan would include a staff narrative addressing current status and
modifications to strategies. She noted that progress had been limited primarily by voluntary
participation from property owners, as the city has little regulatory authority over private
decisions. She added that greenhouse gas emissions have decreased by approximately 25%
since 2017.
Council Member Baudhuin expressed interest in identifying whether any council-level actions
could remove barriers or strengthen incentives.
Council Member Budd noted that the Rainwater Rewards program was oversubscribed — with
a lottery due to high demand — and suggested that model of engagement could inform other
programs.
City council meeting of July 6, 2026 (Item No. 4a) Page 4
Title: Study session meeting minutes of June 8, 2026
Council Member Budd asked whether the ESC could take on a research project examining the
waste implications of incinerator closure discussions, given concerns that reducing incineration
without increasing composting or recycling would simply result in more waste being
transported elsewhere. Ms. Ziring indicated she would defer to solid waste colleagues and
Hennepin County staff, who had likely already conducted relevant research, and committed to
following up with public works staff.
Mayor Mohamed reflected that the ESC's alignment with the city's climate leadership strategic
priority made it a natural and efficient resource for council direction. She supported allowing
council members to formulate ideas until the end of summer. She asked staff to vet submitted
ideas before passing them to the commission, out of respect for volunteer time.
Ms. Keller committed to taking the ideas discussed, sorting them by complexity and cross-
departmental scope, and developing an appropriate path forward for each.
Ms. Hendrix closed by reiterating the commission's willingness to serve as an ongoing resource
to council beyond the formal annual work plan cycle.
2. Consider study session topic proposal: council ambassador program for advisory
boards and commissions
Mr. Coleman gave the staff presentation. He noted the council ambassador program originated
approximately one year prior as a council liaison concept, was set aside, and was subsequently
revisited by a small work group consisting of Council Members Brausen, Budd and Bashore
along with staff liaisons.
Council Member Budd summarized the program's purpose: to strengthen communication and
support between the council and advisory boards in both directions. She described the core
commitment as attending up to two commission meetings per year and serving as a
communication channel.
Ms. Keller framed three questions for council: whether to implement the program, whether to
implement it as described in the report, and how to assign council members to commissions.
Council Member Bashore noted that commissions had consistently expressed a desire for more
council-driven ideas and direction, and that existing communication mechanisms — annual
check-ins and ad hoc contact forms — had not fully addressed that need. He described the
ambassador program as an effort to keep communication more active and to better utilize
commissions in their advisory capacity.
Council Member Baudhuin asked for clarification on the program structure. Council Member
Brausen explained that one council member would be associated with each of the five advisory
boards or commissions and would attend one to two meetings per year for that assigned body.
Mayor Mohamed expressed support for the concept but raised concerns about the potential
for workload imbalance among council members, particularly if some members had greater
scheduling constraints. She noted that the prior discussion had contemplated exempting the
City council meeting of July 6, 2026 (Item No. 4a) Page 5
Title: Study session meeting minutes of June 8, 2026
mayor from participation given existing responsibilities. She also raised the question of what
precedent the program would set for future councils.
Council Member Brausen confirmed the intent was to evaluate the program after one year and
that it was not intended to be permanent without review.
Council Member Budd acknowledged the legal limitations on requiring council member
participation and suggested the program be framed as a norm or expectation included in
onboarding materials for future council members. Ms. Keller noted that the city had limited
ability to mandate attendance but that onboarding guidance and norms could set clear
expectations.
Council Member Baudhuin expressed full support for the program, citing his longstanding
interest in more direct communication between council and commissions. He compared the
concept to committee assignments common on school boards and suggested the council
approach it as a team, covering for one another when scheduling conflicts arose.
Council Member Farris agreed the concept was strong but noted her own current capacity
constraints, expressing openness to participating in a future cycle.
Council Member Bashore suggested that if a council member was unable to cover their
assigned commission in a given instance, another council member could fill in voluntarily.
The council discussed the communication reporting structure. Council Member Bashore had
proposed a standing agenda item at study sessions for ambassadors to briefly report back to
the full council. Mayor Mohamed suggested that updates could instead flow through staff or be
included in before-the-weekend communications. Council Member Brausen noted that a
standing agenda item would be redundant with existing commission minutes and would add
staff workload. Ms. Keller suggested that any standing agenda item be coordinated with the
staff liaison in advance and that a time cap of approximately ten minutes per report be
considered to manage meeting length.
The council also discussed the exit survey component of the program. It was agreed that a
survey — rather than a formal exit interview — would be the appropriate tool for gathering
feedback from departing commission members. Ms. Keller asked council to confirm their
preference for the survey approach, and consensus was reached.
The council agreed to proceed with the program. Mr. Coleman noted that the initial assignment
process would be interest-based and that staff would send a before-the-weekend
communication asking council members to submit ranked preferences. Ms. Keller confirmed
the communication would go out shortly.
Relevant scheduling information was noted: the Police Advisory Commission, the Racial Equity
and Inclusion Commission, the Environment and Sustainability Commission and the Community
Technology Advisory Commission all meet on Wednesdays; the Human Rights Commission
meets on Tuesdays.
City council meeting of July 6, 2026 (Item No. 4a) Page 6
Title: Study session meeting minutes of June 8, 2026
Written Reports
3. Rainwater Rewards Program overview
4. Environmental impacts of drive-throughs
Council Member Brausen noted appreciation for the report.
Council Member Budd expressed surprise at the volume of drive-through facilities in the city.
Council Member Baudhuin expressed interest in exploring a future requirement for businesses
with drive-throughs to post signage encouraging customers to turn off their engines while
waiting, noting the potential benefit for both air quality and employee health. He suggested the
concept could be connected to the city's existing idle-free policy framework.
5. Emerald Ash Borer update
6. Annual Stormwater Pollution Prevention Program
Council Member Budd asked about outcomes and participation data from the citizens
monitoring program (CAMP) component of the Annual Stormwater Pollution Prevention
Program, noting the existence of a promotional video for the program. Ms. Keller committed to
obtaining that information and providing it to Council Member Budd.
The meeting adjourned at 7:13 p.m.
______________________________________ ______________________________________
Melissa Kennedy, city clerk Nadia Mohamed, mayor
These minutes were created with the assistance of a generative AI transcript service, then edited
and finalized by a city staff person.
Meeting: City council
Meeting date: July 6, 2026
Minutes: 4b
Unofficial minutes
City council meeting
St. Louis Park, Minnesota
June 15, 2026
1. Call to order.
Mayor Mohamed called the meeting to order at 6:15 p.m.
a. Pledge of Allegiance.
b. Roll call.
Council members present: Daniel Bashore, Jim Engelking, Sue Budd, Tim Brausen, Paul
Baudhuin, Yolanda Farris, Mayor Nadia Mohamed
Council members absent: none
Staff present: city manager (Ms. Keller), city attorney (Mr. Mattick), communications and
technology director (Ms. Smith), deputy city clerk (Ms. Scott-Lerdal)
2. Approve agenda.
It was moved by Council Member Farris, seconded by Council Member Budd, to approve the
agenda as presented.
The motion passed 6-0 (Council Member Brausen abstained).
3. Presentations.
a. Proclamation observing World Refugee Day
Council Member Budd read the proclamation designating June 20, 2026 as World Refugee Day
in St. Louis Park. The proclamation recognized Minnesota's history of refugee resettlement,
averaging approximately 2,000 refugees per year over 45 years, and acknowledged the
contributions of refugees to the state and city.
Council Member Budd encouraged residents to review the agenda packet resources, including a
report from the International Rescue Committee on the impact of current federal
administration policies on refugees.
Council Member Baudhuin noted that the proclamation could not enumerate all refugee
contributions but emphasized that refugees have served as community leaders at the highest
levels, including as mayor of St. Louis Park, and expressed pride in that representation.
Mayor Mohamed affirmed the importance of highlighting refugee contributions given current
federal scrutiny and thanked Council Member Budd for reading the proclamation.
City council meeting of July 6, 2026 (Item No. 4b) Page 2
Title: City council meeting minutes of June 15, 2026
b. Proclamation observing Juneteenth
Council Member Farris read the proclamation observing Juneteenth 2026, which recognizes
June 19, 1865 as the date that news of the Emancipation Proclamation reached Galveston,
Texas. The proclamation further acknowledged the ongoing contributions of Black Americans to
Minnesota and noted that St. Louis Park has observed Juneteenth since 2022. The city’s 2026
celebration series will be held in partnership with St. Louis Park Community Education.
Council Member Farris remarked that the persistence of racism in 2026 is disheartening and
that a proclamation carries no weight without the work to back it up.
c. Proclamation observing National Language Access Week
Council Member Engelking read the proclamation observing National Language Access Week,
noting that 49 distinct languages are spoken within the city. The top non-English languages in
St. Louis Park public schools include Spanish, Somali, Tibetan, French and Oromo. The
proclamation recognized Minnesota's multilingual heritage beginning with Anishinaabe and
Dakota languages.
Council Member Engelking observed that immigration and multilingualism have always defined
the nation and contribute to the strength of the community.
Mayor Mohamed shared a personal account of serving as a childhood interpreter for her
parents at medical appointments, emphasizing why language access matters for families and
why the burden should not fall on children.
Council Member Baudhuin highlighted the proclamation’s acknowledgment of indigenous
languages and the connection between language and culture, noting historical efforts to erase
indigenous languages through forced assimilation.
d. Recognition of donations
Mayor Mohamed recognized a $4,000 donation from American Legion Post 282 through
Community Charities of Minnesota to the Police Department's K9 program.
Dick Brammer, Post 282 Commander, addressed the council. He noted that Post 282 donated
approximately $200,000 through gambling proceeds to the city and veterans the prior year and
that the post donates to the K9 program on a recurring basis. He noted these donations
currently go to support for K9 Officers Maverick and Rollo.
4. Minutes.
a. City council meeting minutes of June 1, 2026
b. Special study session meeting minutes of June 1, 2026
It was moved by Council Member Budd, seconded by Council Member Baudhuin, to approve the
city council and special study session meeting minutes of June 1, 2026, as presented.
City council meeting of July 6, 2026 (Item No. 4b) Page 3
Title: City council meeting minutes of June 15, 2026
The motion passed 7-0.
5. Consent items.
a. Resolution No. 26-086 accepting donations to the city to support police department K9
program
b. Resolution No. 26-087 appointing election workers for the August 11, 2026 State
Primary election
c. Approve boards and commissions appointments
d. Resolution No. 26-088 authorizing application for fiscal year 2026 Assistance to
Firefighters grant
e. Resolution No. 26-089 supporting the City of St. Louis Park as a 2026-2027 Minnesota
GreenCorps member host site
f. Resolution No. 26-090 authorizing parking restrictions on south side of Oxford Street
east of Louisiana Avenue - Ward 2
g. Approve first amendment to shared parking agreement at Inglewood Avenue South -
Ward 1
h. Resolution No. 26-091 authorizing application to the Metropolitan Council Regional
Solicitation for Transportation Projects
Council Member Budd commented on item 5b, noting the significant number of election
workers who have committed to staffing the state primary election on Aug. 11, 2026. Each
election worker completes two to six hours of training in preparation.
Council Member Engelking observed that item 5f implements parking restrictions on Oxford
Street near the new Louisiana transit station in anticipation of increased traffic when light rail
service begins in 2027. The parking restrictions improve sight lines for large commercial vehicles
entering and exiting the adjacent industrial area.
It was moved by Council Member Brausen, seconded by Council Member Baudhuin, to move
consent item 5c to regular business as item 7b; to approve the consent items as amended, and
to waive reading of all resolutions and ordinances.
The motion passed 7-0.
6. Public hearing.
a. Public hearing for new liquor license - Create Restaurants MN LLC dba Hazelwood
Food and Drink
Ms. Scott-Lerdal presented the staff report on the new liquor license application.
Mayor Mohamed opened the public hearing.
No members of the public offered testimony.
Mayor Mohamed closed the public hearing.
City council meeting of July 6, 2026 (Item No. 4b) Page 4
Title: City council meeting minutes of June 15, 2026
It was moved by Council Member Brausen, seconded by Council Member Farris, to approve the
on-sale intoxicating liquor license with Sunday sales for Create Restaurants Minnesota LLC dba
Hazelwood Food and Drink.
The motion passed 7-0.
7. Regular business.
a. First reading of ordinance amending Chapter 3 of the city code related to temporary
liquor licenses
Ms. Scott-Lerdal presented the staff report. The proposed ordinance amendment to Chapter 3
of the city code would align with Minnesota State Statute 340A.404, subdivision 10c, which
allows temporary liquor licenses to be issued to brewers and microdistillers. City code currently
limits the issuance of temporary on-sale intoxicating liquor licenses to clubs, charitable,
religious or nonprofit organizations. Three breweries and two microdistilleries operate in St.
Louis Park; an owner representing all five establishments requested the amendment.
Council Member Brausen asked whether the amendment would allow a brewery to bring in
spirits in addition to other beers. Ms. Scott-Lerdal confirmed that an on-sale intoxicating
temporary liquor license covers the full range from 3.2 alcohol through hard liquor.
Council Member Brausen expressed support, noting it aligns city code with state law and
removes an unnecessary restriction on local businesses.
Council Member Baudhuin expressed support, stating there is no reason for city ordinances to
differ from state statutes unless specific local values require it. He noted that regulations
around distilleries and breweries are still evolving and credited the business owners for
proactively bringing the issue forward.
Council Member Engelking noted that four of the five establishments are located in Ward 2 and
credited the owners of The Dampfwerk Distillery, who were present, for organizing all five
establishments to bring the request forward. He highlighted the economic benefit of allowing
these businesses to host events such as small wedding receptions that draw visitors from
outside the city.
It was moved by Council Member Engelking, seconded by Council Member Baudhuin, to approve
the first reading of the ordinance amending Chapter 3 of the city code related to temporary
liquor licenses and to schedule the second reading for July 6, 2026.
The motion passed 7-0.
b. Approve boards and commissions appointments
Council Member Brausen stated he wanted to recognize the appointments to the city’s boards
and commissions with additional context and read all appointments into the record. He
described how 71 residents had applied for 38 available seats across multiple boards and
City council meeting of July 6, 2026 (Item No. 4b) Page 5
Title: City council meeting minutes of June 15, 2026
commissions. Four nights of interviews were conducted by council members and existing
commission members.
Council Member Brausen thanked his colleagues, particularly Council Member Budd, for
participating in four nights of interviews, and read the appointments into the record as follows:
Benjamin Straus, Edward Bulliner, Lindsay Keogh, Asha Murugesan and Elsa Anderson were
appointed to the Community Technology Advisory Commission.
Jose Nieves Soto was appointed to the Housing Authority.
Derek Reise, Natalie Wagner, Rebecca Asheim Keller, Rebecca Evan, Avery Kuehl and Addison
Martin were appointed to the Environment and Sustainability Commission.
Bruce Cantor, David Yakes, Jay Jaffee, Nouk Yang, Rachel Snee, Stella Schlegelmilch and
Adrienne Krill were appointed to the Parks and Recreation Advisory Commission.
Thomas Weber, Christopher Caton and Avi Nieves were appointed to the Planning
Commission/Board of zoning appeals.
Robert Tift was appointed to the Fire Civil Service.
Jackie Kay, Lee Conliffe, Isabel Anderson, Katie Story, Brenda C. Morales, Akilah Anderson and
Tess Culp were appointed to the Human Rights Commission.
Anthony Del Percio, Tommy Hines, Mike Rydberg, Derek Fradenburgh, Rachel Nieves and Ranae
Brusch were appointed to the Police Advisory Commission.
Council Member Baudhuin thanked Council Member Brausen for his decision to recognize the
appointees publicly. He noted the difficulty of the selection process given the high quality of all
applicants and highlighted the growing number of youth applicants as an encouraging trend.
Council Member Engelking congratulated the new board and commission members present in
the audience.
Council Member Bashore thanked all 71 applicants, acknowledged the importance of advisory
roles, noted that many current council members began their public service on boards and
commissions and encouraged those not appointed to reapply in future cycles or pursue other
volunteer opportunities with the city.
Mayor Mohamed thanked the appointees for continuing to engage with the city during a
particularly difficult period and expressed that their commitment carried special meaning.
It was moved by Council Member Brausen, seconded by Council Member Budd, to approve the
boards and commissions appointments as presented.
The motion passed 7-0.
City council meeting of July 6, 2026 (Item No. 4b) Page 6
Title: City council meeting minutes of June 15, 2026
8. Communications and announcements.
a. Potential LAWCON property transfer and purchase of Webster Park - Ward 1
Mayor Mohamed noted that staff sought direction from the council on whether to schedule a
study session or allow staff to continue pursuing the opportunity and return at a later date.
The city council expressed confidence in staff's judgment to proceed without a study session.
b. Climate Leadership and Natural Spaces system wrap-up
Council Member Budd acknowledged the breadth of the Climate Leadership and Natural Spaces
System wrap-up materials and recognized staff for their work. She noted that the absence of
council questions or comments on many items reflects trust in and appreciation for the work,
not inattention.
Several announcements were shared:
The Fire Department open house is scheduled for Tuesday, June 16, 2026, at 4:30 p.m. at Fire
Station 1.
Basketball in the Park begins Thursday, June 18, 2026, at Ainsworth Park from 6:00 to 8:00 p.m.
featuring youth play alongside St. Louis Park Police and Hennepin County Sheriffs.
Parktacular, the city's annual summer festival, takes place the weekend of June 20, 2026. The
Grand Day parade is Saturday at noon along 40th Street and ending at the Recreation Outdoor
Center (ROC).
STEP is holding a ribbon cutting for its new facility expansion on Thursday, June 19, 2026 at 4:30
p.m. followed by a community block party at 5:00 p.m.
STEP, in collaboration with St. Louis Park School District, is distributing food to youth
throughout the summer every Monday midday at Ainsworth Park and every Friday with a
weekend food pack. Mayor Mohamed asked how families could access the program. Council
Member Engelking confirmed that families simply need to show up at the park.
Mayor Mohamed highlighted several Juneteenth Celebration events:
• A family movie night screening of “Soul” at Lenox Community Center on June 15, 2026,
from 6:00 to 7:30 p.m.
• A Black Storyteller Alliance event at St. Louis Park Library on June 16, 2026, from 6:30 to
7:30 p.m.
• A summer concert series kickoff featuring Soul Flower at the amphitheater on June 17,
2026, from 7:00 to 8:30 p.m.
• A Juneteenth skate at the ROC on June 18, 2026, from 5:30 to 8:00 p.m.
Ms. Keller noted that the council will recess for two weeks and reconvene after the July 4th
holiday on July 6, 2026.
City council meeting of July 6, 2026 (Item No. 4b) Page 7
Title: City council meeting minutes of June 15, 2026
9. Adjournment.
The meeting adjourned at 7:05 p.m.
______________________________________ ______________________________________
Melissa Kennedy, city clerk Nadia Mohamed, mayor
These minutes were created with the assistance of a generative AI transcript service, then edited
and finalized by a city staff person.
Meeting: City council
Meeting date: July 6, 2026
Minutes: 4c
Unofficial minutes
Closed executive session
St. Louis Park, Minnesota
June 15, 2026
Mayor Mohamed called the closed executive session to order at 7:10 p.m.
Council members present: Mayor Nadia Mohamed, Daniel Bashore, Jim Engelking, Sue Budd,
Tim Brausen, Yolanda Farris, Paul Baudhuin
Council members absent: none.
Staff present: City manager (Ms. Keller), fire chief (Mr. Hanlin), police chief (Mr. Kruelle),
administrative services director (Ms. Brodeen), communications and technology director (Ms.
Smith), city attorney (Mr. Mattick)
Guests: Bob McNaney, the McNaney Group; Greg Hayes, Hayes Consulting LLC
The city council met in closed executive session to participate in a table-top exercise related to
emergency management. The meeting was closed pursuant to Minnesota Statute 13D.05, subd.
3(d) to participate in a facilitated emergency management exercise led by Mr. McNaney and
Mr. Hayes. The exercise addressed roles in an emergency; procedures and plans to protect
public buildings and infrastructure, emergency response procedures, and recommendations
regarding public services, infrastructure and facilities. Disclosure of the information discussed
would pose a danger to public safety or compromise security procedures or responses.
The city council exited the closed session at 9:05 p.m.
______________________________________ ______________________________________
Melissa Kennedy, city clerk Nadia Mohamed, mayor
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5a
Executive summary
Title: Approve city disbursements
Recommended action: Motion to approve city disbursement claims for the period of May 27
through June 29, 2026.
Policy consideration: Does the city council approve city disbursements for the period ending
June 29, 2026?
Summary: The finance department prepares this report monthly for the city council to review
and approve. The attached report shows both city disbursements paid by physical check and
those by wire transfer or Automated Clearing House (ACH) when applicable.
Financial or budget considerations: Review and approval of the information by council is
required by the city charter and provides another layer of oversight to further ensure fiscal
stewardship.
Strategic priority consideration: Not applicable.
Supporting documents: Disbursement summary
Prepared by: Estela Mulugeta, accounting specialist
Reviewed by: Joe Olson, deputy finance director
Approved by: Cindy Walsh, deputy city manager
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
1,160.003CMAComm & Marketing G&A Dues, Memberships, Licenses
1,160.00
257.90A-1 OUTDOOR POWER INC General Fund BS Inventory
222.31Water G&A Operations Supplies & Mat
480.21
84.35ABDELALL KHALED Water G&A
84.35
23.85ABERNATHY, LISA Organized Rec G&A Employee Mileage Reimbursement
23.85
28,930.02ACCELA INC Software G&A Software Licensing Less 12 Mo
28,930.02
13,086.00ADVANCED ENG & ENVIRONMENTAL SRVCS Water G&A
426.00Sewer G&A Consulting Fees/Fees For Serv
13,512.00
556.26AFFELDT ZACH Water G&A
556.26
300.00ALBERTSSON HANSEN ARCHITECTURE LTD Housing Rehab G&A Consulting Fees/Fees For Serv
300.00
311.50ALCANTARA STANIKKA Police G&A In-State Travel
311.50
9,230.00ALLIANCE MECH SRVCS INC Facilties Maintenance G&A Repairs and Maintenance
9,230.00
925.55ALLIED BLACKTOP Public Works G&A Operations Supplies & Mat
925.55
3,500.00ALOUL KHAL General Fund BS UNION PARK APTS
3,500.00
1,273.83ALTEC INDUSTRIES INC Vehicle Maintenance G&A Repairs and Maintenance
1,273.83
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 2
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
8.53AMAZON CAPITAL SERVICES Organized Rec G&A Admin/Office Supplies & Mat
8.53
200.00AMERICAN CITY BUSINESS JOURNALS Assessing G&A Dues, Memberships, Licenses
200.00
17.95ANCOM COMMUNICATIONS Fire Department G&A Repairs and Maintenance
17.95
120.00ANDERSON LUKE Police G&A In-State Travel
120.00
501.00APOLLO MEDICAL TRAINING Police G&A Other Travel, Conv & Conf
501.00
2,751.25AQUA LOGIC INC Aquatic Division G&A Operations Supplies & Mat
2,751.25
339.92ARC DOCUMENT SOLUTIONS, LLC Technology G&A Short Term Lease/Rentals Pay
339.92
1,083.89ASCENTEK INC General Fund BS Inventory
505.24Vehicle Maintenance G&A Vehicle Fuels
1,589.13
138.00ASL INTERPRETING SERVICES INC Engineering G&A Consulting Fees/Fees For Serv
138.00
1,673.41ASPEN MILLS Fire Department G&A Operations Supplies & Mat
1,673.41
530.00AT&T Police G&A Operations Supplies & Mat
530.00
407.30AUTOZONE STORES LLC General Fund BS Inventory
407.30
95.96BAHE EVERETTE Water G&A Operations Supplies & Mat
95.96
123.00BALVIN, AARON Police G&A In-State Travel
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 3
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
123.00
5,160.13BANG ELECTRIC Facilties Maintenance G&A Consulting Fees/Fees For Serv
5,160.13
333.77BANKEN CHRISTOPHER Water G&A
333.77
200.00BARGHINI CORY General Fund BS UNION PARK APTS
200.00
120.00BARNES, PAUL Police G&A In-State Travel
120.00
150.14BAUMAN STEPHEN Water G&A
150.14
100.00BEAL JILL Organized Rec G&A
100.00
900.00BEITO BOE General Fund BS UNION PARK APTS
900.00
222.34BERRY COFFEE COMPANY Aquatic Division G&A Operations Supplies & Mat
222.34
1,500.00BIEL REUBEN Climate Investment G&A
1,500.00
237.90BINDER HEATING AND AIR, INC.Building and Energy G&A
237.90
85.00BLUE WATER PLUMBING AND HEATING Building and Energy G&A
85.00
4,405.50BOLTON & MENK INC Storm Water Utility G&A
4,405.50
1,500.00BONGAARTS JOANNE Climate Investment G&A
1,500.00
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 4
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
1,047.67BOUND TREE MEDICAL, LLC Fire Department G&A Operations Supplies & Mat
1,047.67
270.00BRISSON MILAENA Aquatic Division G&A Refunds/Reimbursements
270.00
13,360.00BROTHERS UNDERGROUND Sewer G&A Repairs and Maintenance
13,360.00
30.44BUILDING CONTROLS & SOLUTIONS Facilties Maintenance G&A Consulting Fees/Fees For Serv
6.15Facilties Maintenance G&A Repairs, Maint, Serv on Tech
610.40Water G&A Operations Supplies & Mat
646.99
1,620.00BUOL JUSTIN Climate Investment G&A
1,620.00
69.75BURGMEIER ANDREW Water G&A
69.75
993.54BUSINESS ESSENTIALS Comm & Marketing G&A Admin/Office Supplies & Mat
993.54
13,380.00CALYPTUS CONSULTING GROUP INC REI G&A Consulting Fees/Fees For Serv
13,380.00
874.62CANADAY KYLE Water G&A
874.62
3,848.00CANON FINANCIAL Technology G&A Short Term Lease/Rentals Pay
3,848.00
1,187.20CAR WASH PARTNERS, INC.Vehicle Maintenance G&A Repairs and Maintenance
1,187.20
19.00CATHERS BRANDON Public Works G&A Dues, Memberships, Licenses
19.00
344.80CDW GOVERNMENT INC Technology G&A Technology Supplies
4,666.33Technology G&A Capitalized Tech Hardware
5,011.13
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 5
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
114,012.50CENTER FOR ENERGY AND ENVIRONMENT Affordable H Trust G&A Consulting Fees/Fees For Serv
825.00Housing Rehab G&A Consulting Fees/Fees For Serv
114,837.50
CENTERPOINT ENERGY
13,571.87
3,845.39
3,522.91
228.953
22.765,2
37.40
Heating Gas Utility
Heating Gas Utility
Heating Gas Utility
Heating Gas Utility
Heating Gas Utility
Facilties Maintenance G&A
Water G&A
Water Reilly G&A
Sewer G&A
Park Maintenance G&A
16,142.50CENTRAL PENSION FUND Employee Benefits BS OTHER RETIREMENT
16,142.50
161.61CENTRALSQUARE TECHNOLOGIES Police G&A Software Licensing Less 12 Mo
161.61
326.78CENTURY LINK Technology G&A Other Communications
326.78
12.54CHAMBERLAIN LAURA Community Development G&A Employee Mileage Reimbursement
12.54
26.10CHAMPOUX KATELYN Community Development G&A Employee Mileage Reimbursement
26.10
3,000.00CHRISTY TERRI Climate Investment G&A
3,000.00
78.54CIARDELLI GERALD Water G&A
78.54
8.71CINTAS CORPORATION Facilties Maintenance G&A Consulting Fees/Fees For Serv
233.40Facilties Maintenance G&A Operations Supplies & Mat
90.79Public Works G&A Admin/Office Supplies & Mat
42.03Public Works G&A Operations Supplies & Mat
243.42Water G&A Admin/Office Supplies & Mat
169.27Water G&A Operations Supplies & Mat
62.24Park Maintenance G&A Consulting Fees/Fees For Serv
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 6
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
364.02Park Maintenance G&A Admin/Office Supplies & Mat
578.05Park Maintenance G&A Operations Supplies & Mat
231.70Rec Center Gen Division G&A Operations Supplies & Mat
63.00Aquatic Division G&A Consulting Fees/Fees For Serv
21.00Aquatic Division G&A Operations Supplies & Mat
124.35Vehicle Maintenance G&A Admin/Office Supplies & Mat
158.97Vehicle Maintenance G&A Operations Supplies & Mat
2,390.95
20.00CITY OF APPLE VALLEY Human Resources G&A Consulting Fees/Fees For Serv
20.00
6,921.20CITY OF BLOOMINGTON Water G&A Consulting Fees/Fees For Serv
6,921.20
1,335.99CITY OF SAINT PAUL Public Works G&A Operations Supplies & Mat
1,335.99
21,475.00CITY OF SLP HA-KIDS IN THE PARK Affordable H Trust G&A Consulting Fees/Fees For Serv
21,475.00
50.03CLARKE LISA Assessing G&A Employee Mileage Reimbursement
50.03
124.70CLOONAN LESLIE Water G&A
124.70
381.36COLE PAPERS Facilties Maintenance G&A Operations Supplies & Mat
381.36
23,543.49COLICH & ASSOCIATES City Clerk's Office G&A Consulting Fees/Fees For Serv
23,543.49
121.93COMCASTFire Department G&A Electric Utility
195.78Technology G&A Other Communications
30.03Rec Center Gen Division G&A Consulting Fees/Fees For Serv
347.74
31,123.54COMPASS MINERALS AMERICA Public Works G&A Operations Supplies & Mat
31,123.54
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 7
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
577.50CONWAY SHIELD Fire Department G&A Operations Supplies & Mat
577.50
464.07CORDES DELORES Water G&A
464.07
7,168.89CORE & MAIN LP Water G&A Operations Supplies & Mat
7,168.89
13,330.00CORPORATE MECHANICAL Rec Center Gen Division G&A Repairs and Maintenance
13,330.00
40.32COUGHLIN ALEXANDRA Water G&A
40.32
734.52CREEKSIDE NEIGHBORHOOD ASSOCIATION REI G&A Consulting Fees/Fees For Serv
734.52
227.56CROWN MARKING INC.Comm & Marketing G&A Consulting Fees/Fees For Serv
227.56
119.00CULLIGAN BOTTLED WATER Facilties Maintenance G&A Consulting Fees/Fees For Serv
119.00
993.57CUMMINS SALES AND SERVICE Water G&A Repairs and Maintenance
1,611.58Rec Center Gen Division G&A Repairs and Maintenance
2,605.15
47.15CUSHMAN MOTOR CO INC General Fund BS Inventory
47.15
599.00DE WOLFE MUSIC Cable TV G&A Consulting Fees/Fees For Serv
599.00
199.54DELORME BRYAN Water G&A
199.54
4,117.86DEPARTMENT OF LABOR & INDUSTRY Building and Energy G&A DUE TO OTHER GOVTS
4,117.86
423.55DEUTSCH LAURIE Water G&A
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 8
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
423.55
7.87DEVORE BRADY Water G&A
7.87
50.00DILLON JENNIFER Storm Water Utility G&A
50.00
889.13DO-GOOD.BIZ INC Comm & Marketing G&A Consulting Fees/Fees For Serv
22,300.40Comm & Marketing G&A Postage & Delivery
780.21Sustainability G&A Consulting Fees/Fees For Serv
54.652026 GO Capital
247.89Franchise Fees G&A
34.33Water G&A
13.28Sewer G&A
4,115.78Solid Waste G&A Postage & Delivery
52.27Storm Water Utility G&A
28,487.94
198.65DOLBY JOSHUA Water G&A
198.65
500.00DONNELLY MARY Water G&A
500.00
384.49DURAND CARLA Water G&A
384.49
777.54ECM PUBLISHERS INC City Clerk's Office G&A Postage & Delivery
777.54
175.63EDEN PRAIRIE POLICE DEPARTMENT Police G&A Other Travel, Conv & Conf
450.00Police G&A Operations Supplies & Mat
625.63
EHLERS & ASSOCIATES INC
464.66
464.66
464.66
464.66
3,750.00 Other Debt Serv Expend
Consulting Fees/Fees For Serv
Consulting Fees/Fees For Serv
Consulting Fees/Fees For Serv
Consulting Fees/Fees For Serv
2021A G&A
Mera Wayzata Project TIF G&A
Beltline Residences TIF G&A
Wooddale Ave Ap TIF G&A
Texa Tonka TIF G&A
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 9
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
464.66Parkway Residual TIF G&A Consulting Fees/Fees For Serv
464.66Bridgewater Bank TIF G&A Consulting Fees/Fees For Serv
464.66Wooddale Station TIF G&A Consulting Fees/Fees For Serv
464.66Duke West End TIF G&A Consulting Fees/Fees For Serv
464.66Park Commons TIF G&A Consulting Fees/Fees For Serv
464.66Rise on 7 TIF G&A Consulting Fees/Fees For Serv
464.65Hwy 7 Business Center TIF G&A Consulting Fees/Fees For Serv
11,461.25
2,766.76ENTERPRISE FM TRUST Vehicle Maintenance G&A Short Term Lease/Rentals Pay
2,766.76
120.00ERICKSON JAKE Police G&A In-State Travel
120.00
1,465.00ERICKSON MEGAN Climate Investment G&A
1,465.00
68.98ERICKSON ROBERT Water G&A
68.98
46,700.00ESRISoftware G&A Software Licensing Less 12 Mo
46,700.00
2,398.00ESS BROTHERS & SONS INC Sewer G&A Operations Supplies & Mat
21,729.00Storm Water Utility G&A Operations Supplies & Mat
24,127.00
82.23ESTATE OF JANICE KELLY Water G&A
82.23
37.46EWEN SEAN Water G&A
37.46
2,000.00EZEKIEL COWAN Organized Rec G&A Consulting Fees/Fees For Serv
2,000.00
2,077.94FACTORY MOTOR PARTS CO General Fund BS Inventory
15.50Vehicle Maintenance G&A Operations Supplies & Mat
2,093.44
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 10
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
4,670.00FARBER SOUND LLC Rec Center Gen Division G&A Consulting Fees/Fees For Serv
4,670.00
1,316.20FERGUSON ENTERPRISES INC Water G&A Operations Supplies & Mat
1,316.20
13,558.25FERGUSON WATERWORKS Water G&A Operations Supplies & Mat
13,558.25
12.00FERRELLGASRec Center Gen Division G&A Vehicle Fuels
12.00
225.00FIDELIS SAFETY SOLUTIONS Fire Department G&A Consulting Fees/Fees For Serv
225.00
4,390.00FINEPOINT TECHNOLOGY LLC Cable TV G&A Consulting Fees/Fees For Serv
4,390.00
104.64FINNEGAN PLAYGROUND ADVENTURES Park Maintenance G&A Operations Supplies & Mat
104.64
7,538.75FIRE CATT LLC Fire Department G&A Consulting Fees/Fees For Serv
7,538.75
78.60FIRST ADVANTAGE Human Resources G&A Consulting Fees/Fees For Serv
78.60
311.50FITZHENRY KATIE Police G&A In-State Travel
311.50
100.00FLECK APRIL Westwood G&A
100.00
417.96FREEWHEEL BIKE MINNETONKA Fire Department G&A Repairs and Maintenance
417.96
33.35FRIEDERICH NIKKI Organized Rec G&A Employee Mileage Reimbursement
33.35
89.40GALLAGHER MARIA Water G&A
89.40
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 11
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
5,250.00GAMMELL WADE Employee Benefits G&A
5,250.00
57.94GARTH JOHNSON REALTY HOUSE Water G&A
57.94
1,732.06GFL ENVIRONMENTAL SERVICES USA LLC Park Maintenance G&A Consulting Fees/Fees For Serv
1,732.06
853.00GLACIAL RIDGE, INC.Park Maintenance G&A Operations Supplies & Mat
938.44Natural Resources G&A Operations Supplies & Mat
1,791.44
2,964.00GOERS LAND SURVEYING LLC Franchise Fees G&A
1,596.00Storm Water Utility G&A
4,560.00
3,163.20GOLDEN VALLEY, CITY OF Organized Rec G&A Consulting Fees/Fees For Serv
3,163.20
16,085.00GOLIATH HYDRO-VAC INC Sewer G&A Repairs and Maintenance
17,985.00Storm Water Utility G&A
34,070.00
1,336.50GOPHER STATE ONE-CALL INC Water G&A Consulting Fees/Fees For Serv
1,336.50
19,950.00GOVERNMENTJOBS.COM INC Software G&A Software Licensing Less 12 Mo
19,950.00
169.53GRAINGER INC.General Fund BS Inventory
177.87Facilties Maintenance G&A Operations Supplies & Mat
1,808.58Water G&A Operations Supplies & Mat
2,155.98
48,952.75GRANICUS LLC Software G&A Software Licensing Less 12 Mo
48,952.75
100.00GRAY FRANK AND CYNTHIA Storm Water Utility G&A
100.00
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 12
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
203.90GRAYBAR ELECTRIC CO Public Works G&A Operations Supplies & Mat
31,075.00Municipal Building & Infra G&A Operations Supplies & Mat
31,278.90
3,539.43GREAT LAKES COCA-COLA DISTRIBUTION Aquatic Division G&A Operations Supplies & Mat
3,539.43
140.77GREENE MARCUS REI G&A Consulting Fees/Fees For Serv
140.77
35.00GREENLIGHT FINANCIAL TECHNOLOGY Police G&A Operations Supplies & Mat
35.00
224.03GREGERSON DALE Water G&A
224.03
292.26HACH CO Water G&A Operations Supplies & Mat
292.26
32.50HAGE CONCRETE WORKS Building and Energy G&A
32.50
104.30HAGON JESSE Organized Rec G&A Refunds/Reimbursements
104.30
95.00HALL, JAY Water G&A Other Travel, Conv & Conf
95.00
425.53HALLEEN TONI Water G&A
425.53
2,960.00HAMMEL GREEN & ABRAHAMSON INC Aquatic Division G&A Consulting Fees/Fees For Serv
2,960.00
105.41HANCOCK LANCE Water G&A
105.41
50,964.57HAWKINS INC Water G&A Operations Supplies & Mat
5,197.40Aquatic Division G&A Operations Supplies & Mat
56,161.97
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 13
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
2,330.00HEALTHPARTNERS OCCUPATIONAL MEDICINE Human Resources G&A Consulting Fees/Fees For Serv
2,330.00
667.56HEDBERG HOME Storm Water Utility G&A Operations Supplies & Mat
667.56
120.00HEFFERNAN SAM Police G&A In-State Travel
120.00
120.00HELLERUD, JORDAN Police G&A In-State Travel
120.00
52.50HENNEPIN COUNTY General Fund G&A Consulting Fees/Fees For Serv
6.00Sunset Ridge HIA G&A Consulting Fees/Fees For Serv
50.00SSD 1 G&A Consulting Fees/Fees For Serv
62.50SSD 2 G&A Consulting Fees/Fees For Serv
105.00SSD 4 G&A Consulting Fees/Fees For Serv
37.50SSD 5 G&A Consulting Fees/Fees For Serv
27.50SSD 6 G&A Consulting Fees/Fees For Serv
216.00SA (Cost Recovery) G&A Consulting Fees/Fees For Serv
1,185.00Water G&A Consulting Fees/Fees For Serv
300.00Sewer G&A Consulting Fees/Fees For Serv
2,042.00
9,055.00HENNEPIN COUNTY ACCOUNTS RECEIVABLE Police G&A Consulting Fees/Fees For Serv
4,796.80Police G&A Radio Communications
941.79Park Maintenance G&A Solid Waste Utility
14,793.59
2,488.34HENNEPIN COUNTY ACCOUNTS RECEIVABLE-ACHFire Department G&A Radio Communications
269.82Public Works G&A Radio Communications
269.82Water G&A Radio Communications
269.82Sewer G&A Radio Communications
269.82Storm Water Utility G&A Radio Communications
3,567.62
118.00HERNANDEZ JOCELYN REI G&A Out-of-State Travel
118.00
9,540.00HIGHVIEW PLUMBING INC Sewer G&A Repairs and Maintenance
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 14
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
9,540.00
3,000.00HIRASUNA DONALD Climate Investment G&A
3,000.00
2,065.73HIRSHFIELD'S PAINT MFG INC Park Maintenance G&A Operations Supplies & Mat
2,065.73
288.32HOGAN BRIAN Water G&A
288.32
4,324.53HOLT JOSHUA Climate Investment G&A
4,324.53
537.79HOME LEASING & MANAGEMENT Water G&A
537.79
358.85HOME LINE Housing Rehab G&A Consulting Fees/Fees For Serv
358.85
692.94HORIZON COMMERCIAL POOL SUPPLY Aquatic Division G&A Operations Supplies & Mat
692.94
478.86HPX GROUP LLC Water G&A
478.86
1,680.00I.U.O.E. LOCAL NO 49 Employee Benefits BS UNION DUES
1,680.00
569.21IDEAL SERVICE INC Water G&A Repairs and Maintenance
569.21
896.07IMPACT POWER TO CONNECT Water G&A Postage & Delivery
896.06Sewer G&A Postage & Delivery
896.07Solid Waste G&A Postage & Delivery
896.06Storm Water Utility G&A Postage & Delivery
3,584.26
4,497.65IMPERIAL DADE Facilties Maintenance G&A Operations Supplies & Mat
4,497.65
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 15
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
120.00IMSANDE DEREK Police G&A In-State Travel
120.00
977.79INDELCOWater G&A Operations Supplies & Mat
196.85Park Maintenance G&A Operations Supplies & Mat
1,174.64
508.29INGCO INTERNATIONAL Comm & Marketing G&A Consulting Fees/Fees For Serv
508.29
105.06INGER-LISE LUDVIGSEN $ MICHAEL SANCHEZ Water G&A
105.06
3,975.00INNOVATIVE WOODWORKING SOLUTIONS Fire Department G&A Operations Supplies & Mat
3,975.00
17,175.98-INSITUFORM TECHNOLOGIES USA, LLC Sewer BS RETAINAGE PAYABLE
343,519.56Sewer G&A
326,343.58
6,207.58INSOURCE SOFTWARE SOLUTIONS INC Water G&A Software Licensing Less 12 Mo
6,207.59Sewer G&A Software Licensing Less 12 Mo
12,415.17
683.79INVER GROVE FORD Vehicle Maintenance G&A Repairs and Maintenance
683.79
2,000.00INVOICE CLOUD INC Water G&A Computers/Tech Services
1,417.20Water G&A Misc Expenditures
3,417.20
90.00ISI SPORTS INDUSTRY Rec Center Gen Division G&A Dues, Memberships, Licenses
90.00
85.08ISRAEL ROGER Water G&A
85.08
1,531.27I-STATE TRUCK CENTER General Fund BS Inventory
1,531.27
881.94J. H. LARSON CO.Water G&A Operations Supplies & Mat
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 16
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
881.94
1,300.33JAYTECH, INC.Aquatic Division G&A Consulting Fees/Fees For Serv
1,300.33
15,998.51JEFFERSON FIRE & SAFETY INC Fire Department G&A Operations Supplies & Mat
15,998.51
311.34JOHNSON PAPER & SUPPLY CO.Facilties Maintenance G&A Operations Supplies & Mat
4,038.05Rec Center Gen Division G&A Operations Supplies & Mat
4,349.39
131.67JOHNSON SCOTT Water G&A
131.67
36.98JUREK JESSIE Assessing G&A Employee Mileage Reimbursement
36.98
110.02KAISER BERBARD J Water G&A
110.02
225.00KARSTEN SHIRLEY Water G&A
225.00
5,066.48KELLY DANIEL Climate Investment G&A
5,066.48
78.40KEYPRIME INC Building and Energy G&A
78.40
1,325.00KEYSTONE COMPENSATION GROUP LLC Human Resources G&A Consulting Fees/Fees For Serv
1,325.00
2,627.00KFI ENGINEERS Municipal Building & Infra G&A Consulting Fees/Fees For Serv
2,627.00
790.31KIMLEY-HORN AND ASSOCIATES, INC Street Capital G&A
46,173.86MSA Capital G&A
1,480.052026 GO Capital
10,150.00Franchise Fees G&A
4,961.36Water G&A
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 17
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
772.02Sewer G&A
2,485.90Storm Water Utility G&A
66,813.50
167.42KINGS III EMERGENCY COMMUNICATIONS LLC Facilties Maintenance G&A Consulting Fees/Fees For Serv
167.42
1,484.50KLEIN UNDERGROUND LLC Water G&A Repairs and Maintenance
5,737.50Storm Water Utility G&A Repairs and Maintenance
7,222.00
72.49KNAUS BRITTNI Water G&A
72.49
40.01KOWALCZYK DELMAR Water G&A
40.01
1,843.03KRAEMER MINING & MATERIALS INC Water G&A Operations Supplies & Mat
1,843.03
16,800.00KRAUS-ANDERSON CONSTRUCTION CO Municipal Building & Infra G&A Consulting Fees/Fees For Serv
16,800.00
225.09KUCHERA SAMUEL Water G&A
225.09
426.17KUZMINA IRINA Water G&A
426.17
100.00KUZNETSOV BRITTANY Westwood G&A Refunds/Reimbursements
100.00
110.42LADEN'S BUSINESS SOLUTIONS INC General Fund BS Prepaid Expenditures/Expenses
154.58Finance G&A Consulting Fees/Fees For Serv
265.00
1,421.53LAKE STATES EVERGREEN COMPANY LLC Natural Resources G&A Operations Supplies & Mat
1,421.53
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 18
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
1,428.32LANGUAGE LINE SERVICES INC Police G&A Consulting Fees/Fees For Serv
1,428.32
1,000.00LARSEN PHILIP GRANT Climate Investment G&A
1,000.00
4,386.28LAW ENFORCEMENT LABOR SERVICES INC Employee Benefits BS UNION DUES
4,386.28
1,404.74LAWNAGAIN OUTDOOR LLC Park Maintenance G&A Operations Supplies & Mat
1,404.74
209.26LAWRENCE JOSEPH Fire Department G&A In-State Travel
209.26
2,000.00LEAGUE OF MN CITIES INSURANCE TRUST Property Casualty G&A Property Insurance
2,000.00
350.00LEEPER KEVIN Water G&A
350.00
885.00LEGEND TECHNICAL SERVICES Water Reilly G&A Consulting Fees/Fees For Serv
885.00
174.82-LEVEL 3 COMMUNICATIONS LLC IT G&A Telephone Communications
2,112.24Technology G&A Short Term Lease/Rentals Pay
1,937.42
292.50LEWIS, DONALD Police G&A In-State Travel
292.50
666.67LEXISNEXIS RISK SOLUTIONS Police G&A Software Licensing Less 12 Mo
666.67
236.60LIBERTY TIRE Vehicle Maintenance G&A Recycling Utility
236.60
1,501.00LIFE SAFETY SYSTEMS Property Casualty G&A Property Insurance
1,501.00
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 19
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
93.60LINDILIEN JANE Water G&A
93.60
1,258.75LOCKGUARD LOCKSMITHS Facilties Maintenance G&A Repairs and Maintenance
1,258.75
1,954.94LOFFLERTechnology G&A Short Term Lease/Rentals Pay
1,954.94
313.02LOFFLER COMPANIES INC Technology G&A Short Term Lease/Rentals Pay
313.02
6,139.59LOGISTechnology G&A Computers/Tech Services
15.00Technology G&A Technology Devices
11,867.00Software G&A Computers/Tech Services
18,021.59
120.00LONDON BRUCE Police G&A In-State Travel
120.00
100.00LOSOYA ALEX Water G&A Operations Supplies & Mat
100.00
50.00LOVELAND JAMES Storm Water Utility G&A
50.00
2,194.00LVC COMPANIES INC Facilties Maintenance G&A Consulting Fees/Fees For Serv
6,898.00Rec Center Gen Division G&A Consulting Fees/Fees For Serv
9,092.00
206.84M G INCENTIVES Human Resources G&A Admin/Office Supplies & Mat
206.84
60.00MACIAPolice G&A Dues, Memberships, Licenses
60.00
2,492.92MAGNACHARGE BATTERY USA, LLC.General Fund BS Inventory
2,492.92
20,451.99MANSFIELD OIL COMPANY OF GAINSVILLE, INC General Fund BS Inventory
20,451.99
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 20
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
1,020.00MARIE RIDGEWAY LICSW LLC Police G&A Consulting Fees/Fees For Serv
1,020.00
460.00MARTENS STEVE Building and Energy G&A
460.00
214.14MARTIN JORDI Water G&A
214.14
1,205.57MARTIN MARIETTA MATERIALS Water G&A Operations Supplies & Mat
6,490.54Water G&A
7,696.11
5.08MCCONNELL, BECKY Westwood G&A Employee Mileage Reimbursement
5.08
483.98MCLAUGHLIN JOANN Water G&A
483.98
180.00MENENDEZ RODRIGO Rec Center Gen Division G&A Consulting Fees/Fees For Serv
180.00
13.75METRO 7 PROPERTIES LLC Water G&A
13.75
4,920.30METROPOLITAN COUNCIL Building and Energy G&A DUE TO OTHER GOVTS
474,319.79Sewer G&A Water Utility
479,240.09
795.00MID AMERICA BUSINESS SYSTEMS Technology G&A Short Term Lease/Rentals Pay
795.00
21,450.00MIDWEST GROUNDCOVER Park Improvement G&A Consulting Fees/Fees For Serv
21,450.00
526.54MIDWEST OVERHEAD CRANE, CORP.Vehicle Maintenance G&A Repairs and Maintenance
526.54
119.58MILLER HANNAH Water G&A
119.58
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 21
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
3,244.74MINNESOTA CHILD SUPPORT PYT CTR Employee Benefits BS WAGE GARNISHMENTS
3,244.74
55,033.00MINNESOTA DEPARTMENT OF HEALTH Water G&A Water Utility
55,033.00
50.00MINNESOTA DEPT. OF HEALTH Facilties Maintenance G&A Consulting Fees/Fees For Serv
50.00Rec Center Gen Division G&A Consulting Fees/Fees For Serv
100.00
167.81MINNESOTA EQUIPMENT General Fund BS Inventory
167.81
1,445.00MINNESOTA NATIVE LANDSCAPES Natural Resources G&A Repairs and Maintenance
1,445.00
410.85MINNESOTA POLLUTION CONTROL AGENCY Facilties Maintenance G&A Dues, Memberships, Licenses
410.85
50.00MISKOWIEC MATT Storm Water Utility G&A
50.00
142.00MN FIRE SERVICE CERTIFICATION BOARD Fire Department G&A Other Travel, Conv & Conf
142.00
4,550.00MN TACTICAL OFFICERS ASSOCIATION Police G&A Operations Supplies & Mat
4,550.00
480.00MOBILE PRO SYSTEMS Police G&A Repairs and Maintenance
480.00
440.00MODERN HEATING AND AIR Rec Center Gen Division G&A Consulting Fees/Fees For Serv
3,500.00Rec Center Gen Division G&A Repairs and Maintenance
3,940.00
8,240.00MOMENTUM ADVOCACY LLP Adminstrative Operations G&A Consulting Fees/Fees For Serv
8,240.00
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 22
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
123.00MOORE ISAIAH Police G&A In-State Travel
123.00
170.28MORRIS MICHAEL Water G&A
170.28
44.00MR CUTTING EDGE Rec Center Gen Division G&A Repairs and Maintenance
44.00
88.00MR. ROOTER PLUMBING OF THE TWIN CITIES Building and Energy G&A
88.00
900.00MRUFF STRATEGIES LLC Finance G&A Consulting Fees/Fees For Serv
900.00
256.39MSC INDUSTRIAL SUPPLY CO.General Fund BS Inventory
24.49Water G&A Operations Supplies & Mat
58.76Vehicle Maintenance G&A Operations Supplies & Mat
339.64
7,614.75MTI DISTRIBUTING CO General Fund BS Inventory
7,614.75
6,410.00MUSIC TOGETHER IN THE VALLEY LLC Organized Rec G&A Consulting Fees/Fees For Serv
6,410.00
259.00MVTL LABORATORIES Sewer G&A Consulting Fees/Fees For Serv
259.00
8.40NAPA (GENUINE PARTS CO)Vehicle Maintenance G&A Operations Supplies & Mat
8.40
95.00NELSON JOSHUA Public Works G&A Other Travel, Conv & Conf
95.00
2,875.00NEWPUBLICASustainability G&A Consulting Fees/Fees For Serv
2,875.00
706.21NIEBLER BRIAN Water G&A
706.21
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 23
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
123.00NORDRUM ERIN Police G&A In-State Travel
123.00
477.60NORTH AMERICAN SAFETY INC Park Maintenance G&A Operations Supplies & Mat
477.60
40,480.90NORTH COUNTRY CHEVROLET GMC Vehicles & Equipment G&A Vehicles/Machinery Purch
40,480.90
44.20NORTHERN MECHANICAL CONTRACTORS Building and Energy G&A
44.20
182.53NORTHSTAR MAINTENANCE MANAGEMENT INC Facilties Maintenance G&A Operations Supplies & Mat
182.53
14,200.00NORTHWESTERN DOOR CO Water G&A Repairs and Maintenance
14,200.00
185.00NOVACARE REHABILITATION Human Resources G&A Consulting Fees/Fees For Serv
185.00
735.00NRPAOrganized Rec G&A Dues, Memberships, Licenses
735.00
6,285.61NYSTROM PUBLISHING Comm & Marketing G&A Consulting Fees/Fees For Serv
6,285.61
473.20OAKWOOD PARTNERS Water G&A
473.20
25.38OELRICH JETHRO Assessing G&A Employee Mileage Reimbursement
25.38
1,069.35OFFICE OF MNIT SERVICES Technology G&A Capitalized Tech Software
1,069.35
1,184.09OFFICE OF THE SECRETARY OF STATE Employee Benefits G&A Misc Expenditures
1,184.09
95.00OKEY MIKE Public Works G&A Other Travel, Conv & Conf
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 24
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
95.00
104.80OLD WORK NEW WORLD THEATRE Organized Rec G&A
104.80
80.77OLDENBORG JESSIE Water G&A
80.77
588.94OLEISKY RAYMOND Water G&A
588.94
825.92OLSON-EHLERT KRISTOPHER Fire Department G&A Out-of-State Travel
825.92
764.00ON SITE SANITATION Fire Department G&A Consulting Fees/Fees For Serv
75.00Solid Waste G&A Consulting Fees/Fees For Serv
8,625.88Organized Rec G&A Consulting Fees/Fees For Serv
134.00Park Maintenance G&A Consulting Fees/Fees For Serv
338.00Westwood G&A Consulting Fees/Fees For Serv
9,936.88
533.80O'REILLY FIRST CALL General Fund BS Inventory
533.80
5.67OSIEMO ALLAN Water G&A
5.67
4,456.00OVERHEAD DOOR COMPANY OF THE NORTHLANDFacilties Maintenance G&A Repairs, Maint, Serv on Tech
7,325.30Property Casualty G&A Property Insurance
11,781.30
438.34OXYGEN SERVICE COMPANY INC Fire Department G&A Operations Supplies & Mat
438.34
15,016.00PACE ANALYTICAL SERVICES INC Water Reilly G&A Consulting Fees/Fees For Serv
15,016.00
22.68PALEY DANIEL Water G&A
22.68
4,397.43-PARK CONSTRUCTION CO Street Capital BS RETAINAGE PAYABLE
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 25
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
87,948.53Street Capital G&A
5,411.49-MSA Capital BS RETAINAGE PAYABLE
108,229.77MSA Capital G&A
9.78-Franchise Fees BS RETAINAGE PAYABLE
195.60Franchise Fees G&A
4,479.37-Water BS RETAINAGE PAYABLE
89,587.402025A GO Utility Revenue G&A
3,078.18-Sewer BS RETAINAGE PAYABLE
61,563.62Sewer G&A
79.31-Storm Water Utility BS RETAINAGE PAYABLE
1,586.20Storm Water Utility G&A
331,655.56
348.00PARRIS MITCHELL Westwood G&A Refunds/Reimbursements
348.00
930.00PATRIOT DIAMOND Public Works G&A Operations Supplies & Mat
930.00
1,547.84PER MAR SECURITY SERVICES Rec Center Gen Division G&A Consulting Fees/Fees For Serv
1,547.84
632.00PERFORMANCE PLUS LLC Human Resources G&A Consulting Fees/Fees For Serv
27,105.00Fire Department G&A Consulting Fees/Fees For Serv
27,737.00
90.00PERSON BARB Organized Rec G&A
90.00
10,050.00PETERSON COMPANIES Storm Water Utility BS GENERAL
10,050.00
5,909.41PHILIP'S TREE CARE LLC Park Maintenance G&A Consulting Fees/Fees For Serv
5,909.41
2,475.00PHOMPHAKDY ALAN Employee Benefits G&A
2,475.00
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 26
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
2,000.00PIONEER SECURESHRED Solid Waste G&A Consulting Fees/Fees For Serv
2,000.00
3,049.08PLAISTED COMPANIES INC Park Maintenance G&A Operations Supplies & Mat
3,049.08
3,997.00PLANTRA INC Park Improvement G&A Other Fees
3,997.00
706.04PLAYPOWER LT FARMINGTON INC Vehicle Maintenance G&A Operations Supplies & Mat
706.04
4,141.73PMA ASSET MANAGEMENT, LLC CITY POOLED INVESTMENTS Misc Expenditures
4,141.73
11,040.00POLYBEST, INC.Solid Waste G&A Organics Utility Expense
11,040.00
25,000.00POSTMASTERComm & Marketing G&A Postage & Delivery
25,000.00
1,440.00PRAIRIE RESTORATIONS INC Natural Resources G&A Consulting Fees/Fees For Serv
1,440.00
2,484.00PRECISE MRM, LLC.Park Maintenance G&A Repairs, Maint, Serv on Tech
2,484.00
655.00PRECISION DRIVING CENTER Police G&A Other Travel, Conv & Conf
655.00
321.94PREMIUM WATERS Fire Department G&A Operations Supplies & Mat
321.94
9,615.00PROJECT FOR PRIDE IN LIVING LA CRT 2022A Refund 2010C G&A Misc Expenditures
9,615.00
85.00PRONSCHINSKE JILLIAN Building and Energy G&A
85.00
1,125.00PROOPS CHARLES A Climate Investment G&A
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 27
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
1,125.00
2,063.58PUBLIC EMPLOYEES RETIREMENT ASSN Employee Benefits G&A Misc Expenditures
2,063.58
801.87PUMP & METER SERVICE Vehicle Maintenance G&A Repairs and Maintenance
358.93Vehicle Maintenance G&A Operations Supplies & Mat
1,160.80
2,046.04QUALITY FLOW SYSTEMS INC Sewer G&A Repairs and Maintenance
2,046.04
175.42QUILES SYLVIA Water G&A
175.42
593.60RAINBOW TREECARE Natural Resources G&A Consulting Fees/Fees For Serv
593.60
1,500.00RAPPAPORT FRED Storm Water Utility BS GENERAL
1,500.00
4,618.49REACH FOR RESOURCES INC Organized Rec G&A Consulting Fees/Fees For Serv
4,618.49
27,600.00REDPATH & COMPANY LLC Finance G&A Consulting Fees/Fees For Serv
27,600.00
339.60REGENTS OF THE UNIVERSITY OF MINNESOTA Westwood G&A Consulting Fees/Fees For Serv
339.60
108.01REIMRINGER ZACHARY Water G&A
108.01
86.34REPUBLIC PARTNERS LLC Water G&A
86.34
12,120.52REPUBLIC SERVICES Facilties Maintenance G&A Solid Waste Utility
81,806.78Solid Waste G&A Organics Utility Expense
10,728.88Rec Center Gen Division G&A Solid Waste Utility
104,656.18
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 28
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
2,366.70REVOLUTIONARY SPORTS LLC Organized Rec G&A Consulting Fees/Fees For Serv
2,366.70
350.00REYELTS WILLIAM Water G&A
350.00
300.00RHOADS ANDRA Westwood G&A Refunds/Reimbursements
300.00
120.00RIEGERT JONATHAN Police G&A In-State Travel
120.00
95.00RIX JESSE Public Works G&A Other Travel, Conv & Conf
95.00
7,324.98ROBERT HALF TECHNOLOGY Comm & Marketing G&A Consulting Fees/Fees For Serv
7,324.98
120.00ROBINSON LOGAN Fire Department G&A In-State Travel
120.00
121.87ROSEN RUDY Water G&A
121.87
943.10ROSEVILLE MIDWAY FORD General Fund BS Inventory
943.10
88.00ROTO-ROOTER Building and Energy G&A
88.00
134.85RUTT ROBERT Water G&A
134.85
918.00SAFE-FAST INC Water G&A Operations Supplies & Mat
918.00
453.76SAFELITE FULFILLMENT INC Vehicle Maintenance G&A Repairs and Maintenance
453.76
250.00SCAPSAPolice G&A Operations Supplies & Mat
250.00
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 29
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
4,450.26SCHINDLER ELEVATOR CORP Facilties Maintenance G&A Repairs and Maintenance
4,450.26
150.00SCHMIDT DANIELLE Storm Water Utility G&A
150.00
2,250.00SCOTT NELSON COACHING INC Fire Department G&A Other Travel, Conv & Conf
2,250.00
425.00SETS DESIGN INC.Police G&A Operations Supplies & Mat
425.00
823.00SHADYWOOD TREE EXPERTS & LANDSCAPING Natural Resources G&A Consulting Fees/Fees For Serv
823.00
970.00SHAPCO PRINTING INC Fire Department G&A Operations Supplies & Mat
625.00Organized Rec G&A Postage & Delivery
552.76Natural Resources G&A Admin/Office Supplies & Mat
998.00Rec Center Gen Division G&A Postage & Delivery
998.00Aquatic Division G&A Postage & Delivery
4,143.76
987.45SHORT ELLIOTT HENDRICKSON, INC.Engineering G&A Consulting Fees/Fees For Serv
2,459.55Street Capital G&A Consulting Fees/Fees For Serv
50,194.12Franchise Fees G&A
61,777.38Water G&A
6,435.15Sewer G&A
10,296.23Storm Water Utility G&A
132,149.88
81.52SHULTZ DANIEL Water G&A
81.52
70.43SIMPSON NELS Water G&A
70.43
3,489.65SITEIMPROVE INC Comm & Marketing G&A Software Licensing Less 12 Mo
3,489.65
1,487.41SITEONE LANDSCAPE SUPPLY LLC Park Maintenance G&A Admin/Office Supplies & Mat
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 30
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
1,487.41
1,500.00SJN INC General Fund BS UNION PARK APTS
1,500.00
50.00SLAIS DIANE Storm Water Utility G&A
50.00
71.00SLOBODYANYUK SLAVA Water G&A
71.00
3,119.10SLP FF ASSOC IAFF LOCAL #993 Employee Benefits BS UNION DUES
3,119.10
311.50SMITH MAURICE JR Police G&A In-State Travel
311.50
214.14SMITH TODD M Water G&A
214.14
6,540.00SOCCER SHOTS Organized Rec G&A Consulting Fees/Fees For Serv
6,540.00
225.82SPS COMPANIES INC Water G&A Operations Supplies & Mat
225.82
72.00STANDARD HEATING & A/C Building and Energy G&A
72.00
98.96STANOCH JOSEPH Water G&A
98.96
318.96STATE CHEMICAL SOLUTIONS Park Maintenance G&A Operations Supplies & Mat
120.00Rec Center Gen Division G&A Operations Supplies & Mat
438.96
113.96STERICYCLE, INC.Human Resources G&A Consulting Fees/Fees For Serv
60.56Finance G&A Consulting Fees/Fees For Serv
97.68Community Development G&A Consulting Fees/Fees For Serv
158.62Facilties Maintenance G&A Consulting Fees/Fees For Serv
189.36Police G&A Consulting Fees/Fees For Serv
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 31
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
29.67Building and Energy G&A Consulting Fees/Fees For Serv
31.27Public Works G&A Consulting Fees/Fees For Serv
681.12
2,080.21STERN MICHAEL Water G&A
2,080.21
5,450.00STRATUS BUILDING SOLUTIONS OF ST. PAUL Facilties Maintenance G&A Consulting Fees/Fees For Serv
4,200.00Park Maintenance G&A Consulting Fees/Fees For Serv
2,850.00Rec Center Gen Division G&A Consulting Fees/Fees For Serv
12,500.00
38,661.69STREICHER'S Police G&A Operations Supplies & Mat
209.99Water G&A Operations Supplies & Mat
38,871.68
138.00SUBURBAN TIRE WHOLESALE General Fund BS Inventory
138.00
24,569.33SUMMIT ENVIROSOLUTIONS INC Water Reilly G&A Consulting Fees/Fees For Serv
24,569.33
1,276.25SUNBELT RENTALS INC Rec Center Gen Division G&A Repairs and Maintenance
1,276.25
87.35SUNDBERG AMERICA Facilties Maintenance G&A Operations Supplies & Mat
87.35
1,611.80SUPER SEER Police G&A Operations Supplies & Mat
1,611.80
54.45SVEUM KRISTOPHER Water G&A
54.45
256.00SWANSON MITCHELL Police G&A In-State Travel
256.00
19,570.83SYSCO-MINNESOTA INC Aquatic Division G&A Operations Supplies & Mat
19,570.83
179.25SYSKO KENNETH Police G&A Out-of-State Travel
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 32
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
179.25
1,064.00TACTICAL SOLUTIONS Police G&A Consulting Fees/Fees For Serv
1,064.00
77.50TAMMINEN BLAKE Water G&A
77.50
2,300.00TAZA FANNY ZHICAY General Fund BS UNION PARK APTS
2,300.00
197.76TEGG MASON Water G&A
197.76
275.69TENNANT SALES AND SERVICE CO.Facilties Maintenance G&A Consulting Fees/Fees For Serv
275.69
564.15TERMINIX COMMERCIAL Facilties Maintenance G&A Consulting Fees/Fees For Serv
146.72Rec Center Gen Division G&A Consulting Fees/Fees For Serv
710.87
15,696.25THE DAVEY TREE EXPERT COMPANY Natural Resources G&A Consulting Fees/Fees For Serv
15,696.25
56.89THE ESTATE OF MARGUERITE PATRICIA MILLER Water G&A
56.89
1,250.00THE MCNANEY GROUP, INC.Comm & Marketing G&A Consulting Fees/Fees For Serv
1,250.00
1,001.81THE MPX GROUP Comm & Marketing G&A Consulting Fees/Fees For Serv
1,001.81
5,125.00THE RESET Adminstrative Operations G&A Consulting Fees/Fees For Serv
5,125.00
873.02THE RETROFIT COMPANIES INC Facilties Maintenance G&A Consulting Fees/Fees For Serv
873.02
2,206.00THE SHERWIN WILLIAMS CO Public Works G&A Operations Supplies & Mat
2,206.00
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 33
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
73.00THE SIGN PRODUCERS INC Facilties Maintenance G&A Operations Supplies & Mat
218.00Police G&A Operations Supplies & Mat
291.00
830.00TNC INDUSTRIES INC Facilties Maintenance G&A Operations Supplies & Mat
830.00
13.64TOLL GAS & WELDING SUPPLY Water G&A Operations Supplies & Mat
13.64
1,000.00TRAFFIC CONTROL CORP Public Works G&A Operations Supplies & Mat
1,000.00
451.00TRANSWEST TRUCKS SAVAGE Vehicle Maintenance G&A Repairs and Maintenance
451.00
85,564.71TRASH CONTRACTORS LLC Solid Waste G&A Yard Waste Utility
85,564.71
4,669.20TREE TRUST Natural Resources G&A Consulting Fees/Fees For Serv
4,669.20
111.91TRI-STATE BOBCAT General Fund BS Inventory
1,215.00Public Works G&A Operations Supplies & Mat
1,326.91
700.00TRUNORTH SOLAR Property Casualty G&A Property Insurance
700.00
112.20TWIN CITIES HOME RENTAL Water G&A
112.20
150.00TWIN CITIES SKATERS Organized Rec G&A Consulting Fees/Fees For Serv
150.00
97.94TYLER PROPERTIES LLC Water G&A
97.94
101.75ULINEPolice G&A Operations Supplies & Mat
652.86Water G&A Operations Supplies & Mat
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 34
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
2,586.96Rec Center Gen Division G&A Operations Supplies & Mat
3,341.57
2,784.87ULTIMATE EVENTS Fire Department G&A Consulting Fees/Fees For Serv
2,784.87
1,264.52ULTIMATE SAFETY CONCEPTS INC Fire Department G&A Consulting Fees/Fees For Serv
225.00Fire Department G&A Repairs and Maintenance
1,489.52
250.00UNO DOS TRES COMMUNICATIONS Police G&A Consulting Fees/Fees For Serv
250.00
100.00URCH ADAM Water G&A Operations Supplies & Mat
100.00
555.00US COMPOSTING COUNCIL Solid Waste G&A Dues, Memberships, Licenses
555.00
797.56USA BLUE BOOK Sewer G&A Operations Supplies & Mat
797.56
1,539.18VALPAK FRANCHISE OPERATIONS INC Aquatic Division G&A Postage & Delivery
1,539.18
921.49VAN PAPER COMPANY Rec Center Gen Division G&A Operations Supplies & Mat
921.49
1,500.00VANESSA LARSON Climate Investment G&A
1,500.00
116.00VERIFIED CREDENTIALS LLC.Human Resources G&A Consulting Fees/Fees For Serv
116.00
21,461.18VERIZONIT G&A Telephone Communications
21,461.18
2,170.00VETERAN ELECTRIC Facilties Maintenance G&A Consulting Fees/Fees For Serv
1,050.00Park Maintenance G&A Operations Supplies & Mat
1,952.00Rec Center Gen Division G&A Consulting Fees/Fees For Serv
785.00Aquatic Division G&A Consulting Fees/Fees For Serv
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 35
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
5,957.00
2,200.00VINELAND TREE CARE Natural Resources G&A Consulting Fees/Fees For Serv
2,200.00
12,669.70VISION BANCSHARES INC Climate Investment G&A
12,669.70
2,389.08VISTAR-PERFORMANCE FOOD SERVICE Aquatic Division G&A Operations Supplies & Mat
2,389.08
153.47VORPAHL KRISTINA Water G&A
153.47
250.00WAGNER JAKE Water G&A
250.00
100.00WAHLSTROM LISA Storm Water Utility G&A
100.00
409.50WARNING LITES OF MN INC Park Maintenance G&A Operations Supplies & Mat
409.50
2,460.00WESSBERG GRAHAM Employee Benefits G&A
2,460.00
45.00WILLIAMS MARK Building and Energy G&A
45.00
39.56WILLIAMS MICHAEL BACCUS-Water G&A
39.56
175.00WILLIAMS, DALLAS J Police G&A Other Travel, Conv & Conf
175.00
311.00WILSONS NURSERY INC Park Maintenance G&A Operations Supplies & Mat
311.00
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 36
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
727.18WITMER PUBLIC SAFETY GROUP INC Fire Department G&A Operations Supplies & Mat
727.18
2,958.18WM CORPORATE SERVICES INC Solid Waste G&A Yard Waste Utility
580.59Park Maintenance G&A Solid Waste Utility
3,538.77
1,443.26WM MUELLER & SONS INC Public Works G&A Operations Supplies & Mat
1,443.26
36,452.41WOLD ARCHITECTS & ENGINEERS Municipal Building & Infra G&A Consulting Fees/Fees For Serv
36,452.41
2,493.08WORLD FUEL SERVICES, INC.General Fund BS Inventory
2,493.08
8,169.44WSB ASSOC INC MSA Capital G&A
9,038.59Franchise Fees G&A
9,887.29Water G&A
1,949.45Sewer G&A
5,110.98Storm Water Utility G&A
2,500.00Technology G&A Capitalized Tech Software
36,655.75
1,650.00WW GOETSCH ASSOCIATES INC Aquatic Division G&A Consulting Fees/Fees For Serv
1,650.00
121.87WYATT, LISA REI G&A Consulting Fees/Fees For Serv
121.87
21,213.58XCEL ENERGY
14,230.40
103,984.71
Electric Utility
Electric Utility
Electric Utility
Electric Utility
Electric Utility
Electric Utility
Electric Utility
Electric Utility
Facilties Maintenance G&A
Public Works G&A
Water G&A
Water Reilly G&A
Sewer G&A
Storm Water Utility G&A
Park Maintenance G&A
Rec Center Gen Division G&A
41,741.04
1,432.894,
463.972,6
65.981,02
0.7017,21
6.15
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 37
CITY OF ST LOUIS PARK
Council Check Summary
6/29/20265/27/2026 -
Amount
ObjectVendorBU Description
59.80XTREME ELECTRICAL SERVICES Building and Energy G&A
59.80
2,382.50YOUNG ENV. CONSULTING GROUP, LLC. Storm Water Utility G&A Consulting Fees/Fees For Serv
2,382.50
88.04YULIYA NAVASIALETSKAYA Water G&A
88.04
2,614.44ZIEGLER INC General Fund BS Inventory
2,614.44
Report Totals 3,330,499.41
City council meeting of July 6, 2026 (Item No. 5a)
Title: Approve city disbursements Page 38
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5b
Executive summary
Title: Resolution accepting donations to the city for the parks and recreation department
Recommended action: Motion to adopt a resolution accepting bench donations from
Lighthouse Management Group, Inc. honoring Monique Yenamandra and from Joe and Jill
Bollettieri honoring their wedding anniversary.
Policy consideration: Does the city council want to accept the donations with restrictions on
their use?
Summary: State statute requires city council’s acceptance of donations. This requirement is
necessary in order to make sure the city council has knowledge of any restrictions placed on the
use of each donation prior to it being expended.
o Donation for a memorial bench in Westwood Hills Nature Center honoring Monique
Yenamandra from Lighthouse Management Group, Inc., $2,800.
o Donation for a memorial bench in Westwood Hills Nature Center honoring 30 years of
marriage from Joe and Jill Bollettieri, $2,800.
Financial or budget considerations: The monetary donations will be used for memorial benches
to be installed at Westwood Hills Nature Center.
Strategic priority consideration: St. Louis Park is committed to being an inclusive, equitable and
vibrant city where everyone feels safe and experiences a strong sense of belonging.
Supporting documents: Resolution
Prepared by: Stacy M. Voelker, administrative coordinator
Reviewed by: Larry Umphrey, parks superintendent
Approved by: Cindy Walsh, deputy city manager
City council meeting of July 6, 2026 (Item No. 5b) Page 2
Title: Resolution accepting donations to the city for the parks and recreation department
Resolution No. 26-___
Approving acceptance of donations to the city in the amount of $5,600
for two memorial benches to be installed in
Westwood Hills Nature Center
Be it resolved by the city council of the City of St. Louis Park, Minnesota as follows:
Whereas, the City of St. Louis Park is required by state statute to authorize acceptance
of any donations; and
Whereas, the city council must also ratify any restrictions placed on the donation by the
donor; and
Whereas, the donation from Lighthouse Management Group, Inc. is given to the city
in the amount of $2,800 for a memorial bench honoring Monique Yenamandra to be
installed at Westwood Hills Nature Center and the donation from Joe and Jill Bollettieri is
given to the city in the amount of $2,800 for a bench honoring their wedding anniversary to
be installed at Westwood Hills Nature Center.
Now therefore be it resolved, by the city council of the City of St. Louis Park that the
gifts are hereby accepted with thanks and appreciation.
Reviewed for administration: Adopted by the city council July 6, 2026:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5c
Executive summary
Title: Resolution accepting donations to the city for the fire department
Recommended action: Motion to adopt resolution accepting donations to the St. Louis Park fire
department from Premium Waters, JonnyPops and Lindstrom Restoration for the annual fire
department open house.
Policy consideration: Does the city council want to accept these donations without restrictions
on the use?
Summary: State statute requires city council’s acceptance of donations. This requirement is
necessary in order to make sure the city council has knowledge of any restrictions placed on the
use of each donation prior to it being expended.
Premium Waters donated water jugs and water dispensers at an estimated value of $130.00,
JonnyPops donated popsicles at an estimated value of $750.00. Lindstrom Restoration donated
discarded furniture for the burn room demonstrations. The donations are used for the annual
fire department open house.
Financial or budget considerations: These donations are used for the annual fire department
open house.
Strategic priority consideration: St. Louis Park is committed to being a city that delivers reliable
services, uses city resources responsibly, operates transparently and builds strong relationships
with residents.
Supporting documents: Resolution
Prepared by: Sue Rasmussen, office assistant
Reviewed by: Peter Hanlin, fire chief
Approved by: Cindy Walsh, deputy city manager
City council meeting of July 6, 2026 (Item No. 5c) Page 2
Title: Resolution accepting donations to the city for the fire department
Resolution No. 26-__
Approving acceptance of donations to the city for the fire department
Be it resolved by the city council of the City of St. Louis Park, Minnesota, as follows:
Whereas, the City of St. Louis Park is required by state statute to authorize acceptance
of any donation; and
Whereas, the city council must ratify any restrictions placed on donations by the
donors; and
Whereas, the donations from Premium Waters, JonnyPops and Lindstrom Restoration
are directed toward the annual fire department open house,
Now therefore be it resolved by the city council of St. Louis Park that these donations
are hereby accepted with thanks and appreciation.
Reviewed for administration: Adopted by the city council July 6, 2026:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5d
Executive summary
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A
Recommended action: Motion to adopt a resolution awarding the sale of 2026 General
Obligation Bonds of $9,930,000, of which $7,365,000 is funded through future levied property
tax dollars and $2,565,000 is funded with future water utility revenue.
Policy consideration: Does the city council award the sale of General Obligation Bonds in the
amount of $9,930,000 for construction, water utility costs and police department facility
updates associated with capital improvement projects?
Summary: On June 1, 2026, the city council approved a resolution to proceed with issuance and
sale process of General Obligation (GO) Bonds, Series 2026A, in the approximate aggregate
principal amount of $9,930,000. The sale of GO bond series 2026A will occur on July 6, 2026.
With the sale occurring on July 6, 2026, a council resolution is needed to award the results of
the sale. Information related to interest rate from the sale and total cost of the sale will be
available on July 6, 2026.
The bond issuance includes funding for Pavement Management projects for 2026 and 2027,
Cedar Lake Road and Louisiana Avenue Phase II street construction work, Connect the Park
construction work, and police department facility improvements.
Financial or budget considerations: The bonds will be paid back using both levied property tax
dollars and utility fee revenue, the actual dollar impact will be finalized on sale date July 6,
2026. The resolution is to award the sale results.
Strategic priority consideration: Not applicable.
Supporting documents: Resolution; Preliminary Official Statement dated June 29, 2026;
2025 Annual Comprehensive Financial Report
Prepared by: Joe Olson, deputy finance director
Reviewed by: Cheyenne Brodeen, administrative services director
Approved by: Cindy Walsh, deputy city manager
Resolution No. 26-_______
Awarding the sale of General Obligation Bonds, Series 2026A, in the
original aggregate principal amount of $9,930,000; fixing their form
and specifications; directing their execution and delivery; and
providing for their payment
Be it resolved by the city council (the “city council”) of the City of St. Louis Park,
Hennepin County, Minnesota (the “city”) as follows:
Section 1. Sale of bonds.
1.01. Authorization. Pursuant to a resolution adopted by the city council on
June 1, 2026 (the “authorizing resolution”), the city authorized the sale of its General Obligation
Bonds, Series 2026A (the “bonds”), pursuant to section 6.15 of the charter of the city (the
“charter”) and Minnesota Statutes, chapters 444 and 475, as amended (the “act”). The
authorizing resolution was approved by a vote of at least six (6) members of the city council.
(a)The city has determined to undertake various capital projects, including the
improvement and reconstruction of Cedar Lake Road and Louisiana Avenue (Phase 2),
improvements to sidewalks, bike trails and trails relating to the city’s Connect the Park project
(4025), road improvement and reconstruction in connection with the city’s pavement
management programs (4026 and 4027), and improvements, renovations and upgrades to the
city’s police department facility (collectively, the “capital projects”) pursuant to the charter.
(b)The city engineer has recommended the construction of various improvements
to the City’s water system, including not limited to watermain and utility improvements
associated with the Cedar Lake Road and Louisiana Avenue (Phase 2) project and the city’s
pavement management programs (4026 and 4027) (the “utility improvements”), pursuant to
the act.
1.02. Award to the purchaser and interest rates. A tabulation of proposals received is
attached hereto as Exhibit A. The proposal of Robert W. Baird & Co. Incorporated, Milwaukee,
Wisconsin, as syndicate manager (the “purchaser”), to purchase the bonds is hereby found and
determined to be a reasonable offer and is hereby accepted, the proposal being to purchase
the bonds at a price of $10,788,578.15 (par amount of $9,930,000.00, plus original issue
premium of $942,549.15, less underwriter’s discount of $83,971.00), plus accrued interest, if
any, to the date of delivery for bonds bearing interest as follows:
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 2
Year of
maturity
Interest
rate
Year of
maturity
Interest
rate
2028 5.000% 2036 5.000%
2029 5.000 2037 5.000
2030 5.000 2038 4.000
2031 5.000 2039 4.000
2032 5.000 2040 4.000
2033 5.000 2041 4.000
2034 5.000 2042 4.000
2035 5.000
True interest cost: 3.3611688%
1.03. Purchase contract. The amount proposed by the purchaser in excess of the
minimum bid shall be credited to the accounts of the debt service fund hereinafter created or
deposited in the accounts of the construction fund hereinafter created, as determined by the
finance director of the city (or any person performing the duties of the finance director,
including but not limited to the deputy finance director or the interim finance director
(collectively, the “finance director”)) in consultation with the city’s municipal advisor. The good
faith deposit of the purchaser shall be retained and deposited until the bonds have been
delivered and shall be deducted from the purchase price paid at settlement. The mayor and city
manager are directed to execute a contract with the purchaser on behalf of the city if
requested by the purchaser.
1.04. Terms and principal amounts of the bonds. The city will forthwith issue and sell
the bonds pursuant to the act, in the total principal amount of $9,930,000, originally dated the
date of delivery (which is expected to be July 28, 2026), in fully registered form, in the
denomination of $5,000 each or any integral multiple thereof, numbered no. R-1, upward,
bearing interest as above set forth, and maturing serially on February 1 in the years and
amounts as follows:
Year of
maturity
Amount
Year of
maturity
Amount
2028 $350,000 2036 $850,000
2029 600,000 2037 895,000
2030 635,000 2038 540,000
2031 660,000 2039 560,000
2032 700,000 2040 585,000
2033 735,000 2041 605,000
2034 775,000 2042 630,000
2035 810,000
(a) $7,365,000 in principal amount of the bonds (the “charter bonds”), maturing
on February 1 in the years and in the amounts set forth below, will be used to finance the
construction of the capital projects:
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 3
Year of
maturity
Amount
Year of
maturity
Amount
2028 $205,000 2036 $540,000
2029 380,000 2037 570,000
2030 405,000 2038 540,000
2031 420,000 2039 560,000
2032 445,000 2040 585,000
2033 470,000 2041 605,000
2034 495,000 2042 630,000
2035 515,000
(b) The remainder of the bonds in the principal amount of $2,565,000 (the
“utility revenue bonds”), maturing on February 1 in the years and in the amounts set forth
below, will be used to finance the construction of the utility improvements:
Year of
maturity
Amount
Year of
maturity
Amount
2028 $145,000 2033 $265,000
2029 220,000 2034 280,000
2030 230,000 2035 295,000
2031 240,000 2036 310,000
2032 255,000 2037 325,000
1.05. Optional redemption. The city may elect on February 1, 2035, and on any day
thereafter to prepay bonds due on or after February 1, 2036. Redemption may be in whole or in
part and if in part, at the option of the city and in such manner as the city will determine. If less
than all bonds of a maturity are called for redemption, the city will notify DTC (as defined in
section 7 hereof) of the particular amount of such maturity to be prepaid. DTC will determine
by lot the amount of each participant’s interest in such maturity to be redeemed and each
participant will then select by lot the beneficial ownership interests in such maturity to be
redeemed. Prepayments will be at a price of par plus accrued interest.
Section 2. Registration and payment.
2.01. Registered form. The bonds will be issued only in fully registered form. The
interest thereon and, upon surrender of each bond, the principal amount thereof, is payable by
check or draft issued by the registrar described herein.
2.02. Dates; interest payment dates. Each bond will be dated as of the last interest
payment date preceding the date of authentication to which interest on the bond has been
paid or made available for payment, unless (i) the date of authentication is an interest payment
date to which interest has been paid or made available for payment, in which case the bond will
be dated as of the date of authentication, or (ii) the date of authentication is prior to the first
interest payment date, in which case the bond will be dated as of the date of original issue. The
interest on the bonds is payable on February 1 and August 1 of each year, commencing
August 1, 2027, to the registered owners of record thereof as of the close of business on the
fifteenth day of the immediately preceding month, whether or not such day is a business day.
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 4
2.03. Registration. The city will appoint a bond registrar, transfer agent, authenticating
agent and paying agent (the “registrar” and “paying agent”). The effect of registration and the
rights and duties of the city and the registrar with respect thereto are as follows:
(a) Register. The registrar must keep at its principal corporate trust office a
bond register in which the registrar provides for the registration of ownership of bonds
and the registration of transfers and exchanges of bonds entitled to be registered,
transferred or exchanged.
(b) Transfer of bonds. Upon surrender for transfer of a bond duly endorsed
by the registered owner thereof or accompanied by a written instrument of transfer, in
form satisfactory to the registrar, duly executed by the registered owner thereof or by
an attorney duly authorized by the registered owner in writing, the registrar will
authenticate and deliver, in the name of the designated transferee or transferees, one
or more new bonds of a like aggregate principal amount and maturity, as requested by
the transferor. The registrar may, however, close the books for registration of any
transfer after the fifteenth day of the month preceding each interest payment date and
until that interest payment date.
(c) Exchange of bonds. When bonds are surrendered by the registered
owner for exchange the registrar will authenticate and deliver one or more new bonds
of a like aggregate principal amount and maturity as requested by the registered owner
or the owner’s attorney in writing.
(d) Cancellation. Bonds surrendered upon transfer or exchange will be
promptly cancelled by the registrar and thereafter disposed of as directed by the city.
(e) Improper or unauthorized transfer. When a bond is presented to the
registrar for transfer, the registrar may refuse to transfer the bond until the registrar is
satisfied that the endorsement on the bond or separate instrument of transfer is valid
and genuine and that the requested transfer is legally authorized. The registrar will incur
no liability for the refusal, in good faith, to make transfers which it, in its judgment,
deems improper or unauthorized.
(f) Persons deemed owners. The city and the registrar may treat the person
in whose name a bond is registered in the bond register as the absolute owner of the
bond, whether the bond is overdue or not, for the purpose of receiving payment of, or
on account of, the principal of and interest on the bond and for all other purposes, and
payments so made to a registered owner or upon the owner’s order will be valid and
effectual to satisfy and discharge the liability upon the bond to the extent of the sum or
sums so paid.
(g) Taxes, fees and charges. The registrar may impose a charge upon the
owner thereof for a transfer or exchange of bonds sufficient to reimburse the registrar
for any tax, fee or other governmental charge required to be paid with respect to the
transfer or exchange.
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 5
(h) Mutilated, lost, stolen or destroyed bonds. If a bond becomes mutilated
or is destroyed, stolen or lost, the registrar will deliver a new bond of like amount,
number, maturity date and tenor in exchange and substitution for and upon
cancellation of the mutilated bond or in lieu of and in substitution for any bond
destroyed, stolen or lost, upon the payment of the reasonable expenses and charges of
the registrar in connection therewith; and, in the case of a bond destroyed, stolen or
lost, upon filing with the registrar of evidence satisfactory to it that the bond was
destroyed, stolen or lost, and of the ownership thereof, and upon furnishing to the
registrar an appropriate bond or indemnity in form, substance and amount satisfactory
to it and as provided by law, in which both the city and the registrar must be named as
obligees. Bonds so surrendered to the registrar will be cancelled by the registrar and
evidence of such cancellation must be given to the city. If the mutilated, destroyed,
stolen or lost bond has already matured or been called for redemption in accordance
with its terms it is not necessary to issue a new bond prior to payment.
(i) Redemption. In the event any of the bonds are called for redemption,
notice thereof identifying the bonds to be redeemed will be given by the registrar by
mailing a copy of the redemption notice by first-class mail (postage prepaid) at least 30
and not more than 60 days prior to the redemption date to the registered owner of
each bond to be redeemed at the address shown on the registration books kept by the
registrar and by publishing the notice if required by law. Failure to give notice by
publication or by mail to any registered owner, or any defect therein, will not affect the
validity of the proceedings for the redemption of bonds. Bonds so called for redemption
will cease to bear interest after the specified redemption date, provided that the funds
for the redemption are on deposit with the place of payment at that time.
2.04. Appointment of initial registrar. The city appoints Bond Trust Services
Corporation, Minneapolis, Minnesota, as the initial registrar. The mayor and the city manager
are authorized to execute and deliver, on behalf of the city, a contract with the registrar. Upon
merger or consolidation of the registrar with another corporation, if the resulting corporation is
a bank or trust company authorized by law to conduct such business, the resulting corporation
is authorized to act as successor registrar. The city agrees to pay the reasonable and customary
charges of the registrar for the services performed. The city reserves the right to remove the
registrar upon thirty (30) days’ notice and upon the appointment of a successor registrar, in
which event the predecessor registrar must deliver all cash and bonds in its possession to the
successor registrar and must deliver the bond register to the successor registrar. On or before
each principal or interest due date, without further order of the city council, the finance
director must transmit to the registrar moneys sufficient for the payment of all principal and
interest then due.
2.05. Execution, authentication and delivery. The bonds will be prepared under the
direction of the city manager and executed on behalf of the city by the signatures of the mayor
and the city manager, provided that those signatures may be printed, engraved or lithographed
facsimiles of the originals. If an officer whose signature or a facsimile of whose signature
appears on the bonds ceases to be such officer before the delivery of a bond, that signature or
facsimile will nevertheless be valid and sufficient for all purposes, the same as if the officer had
remained in office until delivery. Notwithstanding such execution, a bond will not be valid or
obligatory for any purpose or entitled to any security or benefit under this resolution unless and
until a certificate of authentication on the bond has been duly executed by the manual
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 6
signature of an authorized representative of the registrar. Certificates of authentication on
different bonds need not be signed by the same representative. The executed certificate of
authentication on a bond is conclusive evidence that it has been authenticated and delivered
under this resolution. When the bonds have been so prepared, executed and authenticated,
the city manager will deliver the same to the purchaser upon payment of the purchase price in
accordance with the contract of sale heretofore made and executed, and the purchaser is not
obligated to see to the application of the purchase price.
Section 3. Form of bond.
3.01. Execution of the bonds. The bonds will be printed or typewritten in substantially
the form set forth in Exhibit B.
3.02. Approving legal opinion. The city manager is authorized and directed to obtain a
copy of the proposed approving legal opinion of Kutak Rock LLP, Minneapolis, Minnesota, and
cause the opinion to be printed on or accompany each bond.
Section 4. Payment; security; pledges and covenants.
4.01. Debt service fund. The bonds will be payable from the General Obligation Bonds,
Series 2026A Debt Service Fund (the “debt service fund”) hereby created. The debt service fund
shall be administered and maintained by the finance director as a bookkeeping account
separate and apart from all other funds maintained in the official financial records of the city.
The city will maintain the following accounts in the debt service fund: the “capital projects
account” and the “utility improvements account.” Amounts in the capital projects account are
irrevocably pledged to the charter bonds, and amounts in the utility improvements account are
irrevocably pledged to the utility revenue bonds.
(a) Capital projects account. The finance director shall timely deposit in the capital
projects account of the debt service fund the ad valorem taxes hereinafter levied (the “taxes”)
for the payment of the charter bonds, which taxes are pledged to the capital projects account
of the debt service fund. There is also appropriated to the capital projects account of the debt
service fund a pro rata portion of (i) amounts over the minimum purchase price paid by the
purchaser, to the extent designated for deposit in the debt service fund in accordance with
section 1.03 hereof; (ii) all investment earnings on amounts in the capital projects account of
the debt service fund; and (iii) any other funds appropriated for the payment of principal or
interest on the charter bonds.
(b) Utility improvements account. The city will continue to maintain and operate its
Water Fund (the “water fund”), to which will be credited all gross revenues of the water
system, and out of which will be paid all normal and reasonable expenses of current operations
of such system. Any balances therein are deemed net revenues (the “net revenues”) and will be
transferred, from time to time, to the utility improvements account of the debt service fund,
which utility improvements account of the debt service fund will be used only to pay principal
of and interest on the utility revenue bonds, and any other bonds similarly authorized. There
will always be retained in the utility improvements account of the debt service fund a sufficient
amount to pay principal of and interest on the utility revenue bonds, and the finance director
must report any current or anticipated deficiency in the utility improvements account of the
debt service fund to the city council. There is also appropriated to the utility improvements
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 7
account of the debt service fund a pro rata portion of (i) amounts over the minimum purchase
price of the bonds paid by the purchaser, to the extent designated for deposit in the debt
service fund in accordance with section 1.03 hereof; (ii) all investment earnings on amounts in
the debt service fund; and (iii) any other funds appropriated for the payment of principal or
interest on the bonds.
4.02. Construction fund. The city hereby creates the General Obligation Bonds,
Series 2026A Construction Fund (the “construction fund”). The construction fund shall be
administered and maintained by the finance director as a bookkeeping account separate and
apart from all other funds maintained in the official financial records of the city. The city will
maintain the following accounts in the construction fund: the “capital projects account” and
the “utility improvements account.” Amounts in the capital projects account are irrevocably
pledged to the charter bonds, and amounts in the utility improvements account are irrevocably
pledged to the utility revenue bonds.
(a) Capital projects account. Proceeds of the charter bonds, less the appropriations
made in section 4.01(a) hereof, together with taxes and any other funds appropriated for the
capital projects collected during the construction of the capital projects, will be deposited in the
capital projects account of the construction fund to be used solely to defray expenses of the
capital projects and the payment of principal and interest on the charter bonds prior to the
completion and payment of all costs of the capital projects. When the capital projects are
completed and the cost thereof paid, the capital projects account of the construction fund is to
be closed and any funds remaining may be deposited in the capital projects account of the debt
service fund or may be used as provided in section 475.65 of the act, under the direction of the
city council.
(b) Utility improvements account. Proceeds of the utility revenue bonds, less the
appropriations made in section 4.01(b) hereof, together with any other funds appropriated for
the utility improvements collected during the construction of the utility improvements, will be
deposited in the utility improvements account of the construction fund to be used solely to
defray expenses of the utility improvements and the payment of principal and interest on the
utility revenue bonds prior to the completion and payment of all costs of the utility
improvements. When the utility improvements are completed and the cost thereof paid, the
utility improvements account of the construction fund is to be closed and any funds remaining
may be deposited in the utility improvements account of the debt service fund or may be used
as provided in section 475.65 of the act, under the direction of the city council.
4.03. City covenants with respect to the utility revenue bonds. The city covenants and
agrees with the holders of the bonds that so long as any of the bonds remain outstanding and
unpaid, it will keep and enforce the following covenants and agreements:
(a) The city will continue to maintain and efficiently operate the water
system as a public utility and convenience free from competition of other like municipal
utilities and will cause all revenues therefrom to be deposited in bank accounts and
credited to the water fund, as hereinabove provided, and will make no expenditures
from the water fund except for a duly authorized purpose and in accordance with this
resolution.
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 8
(b) The city will also maintain the utility improvements account of the debt
service fund as a separate account and will cause money to be credited thereto from
time to time, out of net revenues from the water system in sums sufficient to pay
principal of and interest on the utility revenue bonds when due.
(c) The city will keep and maintain proper and adequate books of records
and accounts separate from all other records of the city in which will be complete and
correct entries as to all transactions relating to the water system and which will be open
to inspection and copying by any bondholder, or the bondholder’s agent or attorney, at
any reasonable time, and it will furnish certified transcripts therefrom upon request and
upon payment of a reasonable fee therefor, and said account will be audited at least
annually by a qualified public accountant and statements of such audit and report will
be furnished to all bondholders upon request.
(d) The city council will cause persons handling revenues of the water system
to be bonded in reasonable amounts for the protection of the city and the bondholders
and will cause the funds collected on account of the operations of such system to be
deposited in a bank whose deposits are guaranteed under the federal deposit insurance
law.
(e) The city council will keep the water system insured at all times against
loss by fire, tornado and other risks customarily insured against, with an insurer or
insurers in good standing, in such amounts as are customary for like plants, to protect
the holders, from time to time, of the bonds and the city from any loss due to any such
casualty and will apply the proceeds of such insurance to make good any such loss.
(f) The city and each and all of its officers will punctually perform all duties
with reference to the water system as required by law.
(g) The city will impose and collect charges of the nature authorized by
section 444.075 of the act at the times and in the amounts required to produce net
revenues adequate to pay all principal and interest when due on the utility revenue
bonds and to create and maintain such reserves securing said payments as may be
provided herein.
(h) The city council will levy general ad valorem taxes on all taxable property
in the city when required to meet any deficiency in pledged net revenues.
(i) The city hereby determines that the estimated collection of net revenues
herein pledged for the payment of principal and interest on the utility revenue bonds
will produce at least 5% in excess of the amount needed to meet, when due, the
principal and interest payments on the utility revenue bonds.
4.04. General obligation pledge. For the prompt and full payment of the principal of
and interest on the bonds, as the same respectively become due, the full faith, credit and taxing
powers of the city will be and are hereby irrevocably pledged. If the balance in the debt service
fund is ever insufficient to pay all principal and interest then due on the bonds and any other
bonds payable therefrom, the deficiency will be promptly paid out of monies in the general
fund of the city which are available for such purpose, and such general fund may be reimbursed
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 9
with or without interest from the debt service fund when a sufficient balance is available
therein.
4.05. Pledge of tax levy. For the purpose of paying the principal of and interest on the
charter bonds, there is levied a direct annual irrepealable ad valorem tax upon all of the taxable
property in the city, which will be spread upon the tax rolls and collected with and as part of
other general taxes of the city. The taxes will be credited to the capital projects account of the
debt service fund above provided and will be in the years and amounts as attached hereto as
Exhibit C.
4.06. Debt service coverage. It is hereby determined that (i) the estimated collection
of the foregoing taxes will produce at least five percent (5%) in excess of the amount needed to
pay when due the principal and interest payments on the charter bonds; and (ii) the net
revenues herein pledged will produce at least five percent (5%) in excess of the amount needed
to pay when due the principal and interest payments on the utility revenue bonds. The tax levy
herein provided is irrepealable until all of the bonds are paid, provided that at the time the city
makes its annual tax levies the finance director may certify to the Auditor/Treasurer of
Hennepin County, Minnesota (the “county auditor/treasurer”) the amount available in the debt
service fund to pay principal and interest due during the ensuing year, and the county
auditor/treasurer will thereupon reduce the levy collectible during such year by the amount so
certified.
4.07. Registration of resolution. The city manager is authorized and directed to file a
certified copy of this resolution with the county auditor/treasurer and to obtain the certificate
required by section 475.63 of the act.
Section 5. Authentication of transcript.
5.01. City proceedings and records. The officers of the city are authorized and directed
to prepare and furnish to the purchaser and to the attorneys approving the bonds certified
copies of proceedings and records of the city relating to the bonds and to the financial
condition and affairs of the city, and such other certificates, affidavits and transcripts as may be
required to show the facts within their knowledge or as shown by the books and records in
their custody and under their control, relating to the validity and marketability of the bonds,
and such instruments, including any heretofore furnished, will be deemed representations of
the city as to the facts stated therein.
5.02. Certification as to official statement. The mayor, the city manager, and/or the
finance director are authorized and directed to certify that they have examined the official
statement prepared and circulated in connection with the issuance and sale of the bonds and
that to the best of their knowledge and belief the official statement is a complete and accurate
representation of the facts and representations made therein as of the date of the official
statement.
5.03. Other certificates. The mayor, the city manager, and/or the finance director are
hereby authorized and directed to furnish to the purchaser at the closing such certificates as
are required as a condition of sale. Unless litigation shall have been commenced and be
pending questioning the bonds or the organization of the city or incumbency of its officers, at
the closing the mayor, the city manager, and the finance director shall also execute and deliver
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 10
to the purchaser a suitable certificate as to absence of material litigation, and the finance
director shall also execute and deliver a certificate as to payment for and delivery of the bonds.
If an officer whose signature or a facsimile of whose signature appears on any aforementioned
certificate or other similar document ceases to be such officer before the delivery of such
document, that signature or facsimile will nevertheless be valid and sufficient for all purposes,
the same as if the officer had remained in office until delivery.
5.04. Electronic signatures. The electronic signature of the mayor, the city manager,
the finance director, and/or the city clerk to this resolution and any certificate authorized to be
executed hereunder shall be as valid as an original signature of such party and shall be effective
to bind the city thereto. For purposes hereof, (i) “electronic signature” means a manually
signed original signature that is then transmitted by electronic means; and (ii) “transmitted by
electronic means” means sent in the form of a facsimile or sent via the internet as a portable
document format (“pdf”) or other replicating image attached to an electronic mail or internet
message.
5.05. Payment of costs of issuance. The city authorizes the purchaser to forward the
amount of bond proceeds allocable to the payment of issuance expenses in accordance with
the closing memorandum to be prepared and distributed by Ehlers and Associates, Inc., the
municipal advisor to the city, on the date of closing.
Section 6. Tax covenants.
6.01. Tax-exempt bonds. The city covenants and agrees with the holders from time to
time of the bonds that it will not take or permit to be taken by any of its officers, employees or
agents any action which would cause the interest on the bonds to become subject to taxation
under the Internal Revenue Code of 1986, as amended (the “code”), and the treasury
regulations promulgated thereunder, in effect at the time of such actions, and that it will take
or cause its officers, employees or agents to take, all affirmative action within its power that
may be necessary to ensure that such interest will not become subject to taxation under the
code and applicable treasury regulations, as presently existing or as hereafter amended and
made applicable to the bonds. as presently existing or as hereafter amended and made
applicable to the bonds. To that end, the city will comply with all requirements necessary
under the code to establish and maintain the exclusion from gross income of the interest on the
bonds under section 103 of the code, including without limitation requirements relating to
temporary periods for investments, and limitations on amounts invested at a yield greater than
the yield on the bonds.
6.02. Rebate. The city will comply with requirements necessary under the code to
establish and maintain the exclusion from gross income of the interest on the bonds under
section 103 of the code, including without limitation requirements relating to temporary
periods for investments, limitations on amounts invested at a yield greater than the yield on
the bonds, and the rebate of excess investment earnings to the United States (unless the city
qualifies for any exception from the rebate requirements based on timely expenditure of
proceeds of the bonds, in accordance with the code and applicable treasury regulations).
6.03. Not private activity bonds. The city further covenants not to use the proceeds of
the bonds or the facilities thereby or to cause or permit them or any of them to be used, in such
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 11
a manner as to cause the bonds to be “private activity bonds” within the meaning of
sections 103 and 141 through 150 of the code.
6.04. Qualified tax-exempt obligations. In order to qualify the bonds as “qualified tax-
exempt obligations” within the meaning of section 265(b)(3) of the code, the city makes the
following factual statements and representations:
(a) the bonds are not “private activity bonds” as defined in Section 141 of
the code;
(b) the city designates the bonds as “qualified tax-exempt obligations” for
purposes of Section 265(b)(3) of the code;
(c) the reasonably anticipated amount of tax-exempt obligations (other than
private activity bonds that are not qualified 501(c)(3) bonds) which will be issued by the
city (and all subordinate entities of the city) during calendar year 2026 will not exceed
$10,000,000; and
(d) not more than $10,000,000 of obligations issued by the city during
calendar year 2026 have been designated for purposes of Section 265(b)(3) of the code.
6.05. Procedural requirements. The city will use its best efforts to comply with any
federal procedural requirements which may apply in order to effectuate the designations made
by this section.
Section 7. Book-entry system; limited obligation of city.
7.01. DTC. The bonds will be initially issued in the form of a separate single
typewritten or printed fully registered bond for each of the maturities set forth in section 1.04
hereof. Upon initial issuance, the ownership of each bond will be registered in the registration
books kept by the registrar in the name of Cede & Co., as nominee for The Depository Trust
Company, New York, New York, and its successors and assigns (“DTC”). Except as provided in
this section, all of the outstanding bonds will be registered in the registration books kept by the
registrar in the name of Cede & Co., as nominee of DTC.
7.02. Participants. With respect to bonds registered in the registration books kept by
the registrar in the name of Cede & Co., as nominee of DTC, the city, the registrar and the
paying agent will have no responsibility or obligation to any broker dealers, banks and other
financial institutions from time to time for which DTC holds bonds as securities depository (the
“participants”) or to any other person on behalf of which a participant holds an interest in the
bonds, including but not limited to any responsibility or obligation with respect to (i) the
accuracy of the records of DTC, Cede & Co. or any participant with respect to any ownership
interest in the bonds, (ii) the delivery to any participant or any other person (other than a
registered owner of bonds, as shown by the registration books kept by the registrar), of any
notice with respect to the bonds, including any notice of redemption, or (iii) the payment to any
participant or any other person, other than a registered owner of bonds, of any amount with
respect to principal of, premium, if any, or interest on the bonds. The city, the registrar and the
paying agent may treat and consider the person in whose name each bond is registered in the
registration books kept by the registrar as the holder and absolute owner of such bond for the
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 12
purpose of payment of principal, premium and interest with respect to such bond, for the
purpose of registering transfers with respect to such bonds, and for all other purposes. The
paying agent will pay all principal of, premium, if any, and interest on the bonds only to or on
the order of the respective registered owners, as shown in the registration books kept by the
registrar, and all such payments will be valid and effectual to fully satisfy and discharge the
city’s obligations with respect to payment of principal of, premium, if any, or interest on the
bonds to the extent of the sum or sums so paid. No person other than a registered owner of
bonds, as shown in the registration books kept by the registrar, will receive a certificated bond
evidencing the obligation of this resolution. Upon delivery by DTC to the city manager of a
written notice to the effect that DTC has determined to substitute a new nominee in place of
Cede & Co., the words “Cede & Co.” will refer to such new nominee of DTC; and upon receipt of
such a notice, the city manager will promptly deliver a copy of the same to the registrar and
paying agent.
7.03. Representation letter. The city has heretofore executed and delivered to DTC a
blanket issuer letter of representations (the “representation letter”) which will govern payment
of principal of, premium, if any, and interest on the bonds and notices with respect to the
bonds. Any paying agent or registrar subsequently appointed by the city with respect to the
bonds will agree to take all action necessary for all representations of the city in the
representation letter with respect to the registrar and paying agent, respectively, to be
complied with at all times.
7.04. Transfers outside book-entry system. In the event the city, by resolution of the
city council, determines that it is in the best interests of the persons having beneficial interests
in the bonds that they be able to obtain bond certificates, the city will notify DTC, whereupon
DTC will notify the participants, of the availability through DTC of bond certificates. In such
event the city will issue, transfer and exchange bond certificates as requested by DTC and any
other registered owners in accordance with the provisions of this resolution. DTC may
determine to discontinue providing its services with respect to the bonds at any time by giving
notice to the city and discharging its responsibilities with respect thereto under applicable law.
In such event, if no successor securities depository is appointed, the city will issue and the
registrar will authenticate bond certificates in accordance with this resolution and the
provisions hereof will apply to the transfer, exchange and method of payment thereof.
7.05. Payments to Cede & Co. Notwithstanding any other provision of this resolution
to the contrary, so long as a bond is registered in the name of Cede & Co., as nominee of DTC,
payments with respect to principal of, premium, if any, and interest on the bond and all notices
with respect to the bond will be made and given, respectively in the manner provided in DTC’s
operational arrangements, as set forth in the representation letter.
Section 8. Continuing disclosure.
8.01. Execution of continuing disclosure certificate. “Continuing disclosure certificate”
means that certain continuing disclosure certificate executed by the mayor and city manager
and dated the date of issuance and delivery of the bonds, as originally executed and as it may
be amended from time to time in accordance with the terms thereof.
8.02. City compliance with provisions of continuing disclosure certificate. The city
hereby covenants and agrees that it will comply with and carry out all of the provisions of the
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 13
continuing disclosure certificate. Notwithstanding any other provision of this resolution, failure
of the city to comply with the continuing disclosure certificate is not to be considered an event
of default with respect to the bonds; however, any bondholder may take such actions as may
be necessary and appropriate, including seeking mandate or specific performance by court
order, to cause the city to comply with its obligations under this section.
Section 9. Defeasance. When all bonds and all interest thereon have been
discharged as provided in this section, all pledges, covenants and other rights granted by this
resolution to the holders of the bonds will cease, except that the pledge of the full faith and
credit of the city for the prompt and full payment of the principal of and interest on the bonds
will remain in full force and effect. The city may discharge all bonds which are due on any date
by depositing with the registrar on or before that date a sum sufficient for the payment thereof
in full. If any bond should not be paid when due, it may nevertheless be discharged by
depositing with the registrar a sum sufficient for the payment thereof in full with interest
accrued to the date of such deposit.
Reviewed for administration: Adopted by the city council July 6, 2026
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 14
Exhibit A
Proposals
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 15
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 16
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 17
Exhibit B
Form of bond
No. R-_____ United States of America $_________
State of Minnesota
County of Hennepin
City of St. Louis Park
General Obligation Bond
Series 2026A
Rate
Maturity
Date of
original issue
CUSIP
February 1, 20__ July 28, 2026
Registered owner: Cede & Co.
The City of St. Louis Park, Minnesota, a duly organized and existing home rule charter
city and municipal corporation in Hennepin County, Minnesota (the “city”), acknowledges itself
to be indebted and for value received hereby promises to pay to the registered owner specified
above or registered assigns, the principal sum of $___________ on the maturity date specified
above, with interest thereon from the date hereof at the annual rate specified above
(calculated on the basis of a 360 day year of twelve 30 day months), payable February 1 and
August 1 in each year, commencing August 1, 2027, to the person in whose name this bond is
registered at the close of business on the fifteenth day (whether or not a business day) of the
immediately preceding month. The interest hereon and, upon presentation and surrender
hereof, the principal hereof are payable in lawful money of the United States of America by
check or draft by Bond Trust Services Corporation, Minneapolis, Minnesota, as bond registrar,
paying agent, transfer agent and authenticating agent, or its designated successor under the
resolution described herein. For the prompt and full payment of such principal and interest as
the same respectively become due, the full faith and credit and taxing powers of the city have
been and are hereby irrevocably pledged.
The city may elect on February 1, 2035, and on any day thereafter to prepay bonds due
on or after February 1, 2036. Redemption may be in whole or in part and if in part, at the
option of the city and in such manner as the city will determine. If less than all bonds of a
maturity are called for redemption, the city will notify The Depository Trust Company (“DTC”) of
the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of
each participant’s interest in such maturity to be redeemed and each participant will then
select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments
will be at a price of par plus accrued interest.
This bond is one of an issue in the aggregate principal amount of $9,930,000 all of like
original issue date and tenor, except as to number, maturity date, redemption privilege, and
interest rate, all issued pursuant to a resolution adopted by the city council on July 6, 2026 (the
“resolution”), for the purpose of providing money to aid in financing certain capital projects and
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 18
certain improvements to the municipal water system, pursuant to and in full conformity with
the home rule charter of the city and the constitution and laws of the State of Minnesota,
including Minnesota Statutes, chapters 444 and 475, as amended, and the principal hereof and
interest hereon are payable in part from net revenues of the municipal water system and in
part from ad valorem taxes, as set forth in the resolution to which reference is made for a full
statement of rights and powers thereby conferred. The full faith and credit of the city are
irrevocably pledged for payment of this bond and the city council has obligated itself to levy
additional ad valorem taxes on all taxable property in the city in the event of any deficiency in
net revenues and ad valorem taxes pledged, which additional taxes may be levied without
limitation as to rate or amount. The bonds of this series are issued only as fully registered
bonds in denominations of $5,000 or any integral multiple thereof of single maturities.
The city council has designated this issue of bonds as “qualified tax-exempt obligations”
within the meaning of section 265(b)(3) of the Internal Revenue Code of 1986, as amended (the
“code”), relating to disallowance of interest expense for financial institutions and within the
$10 million limit allowed by the code for the calendar year of issue.
IT IS HEREBY CERTIFIED AND RECITED that in and by the resolution, the city has
covenanted and agreed that the city will continue to own and operate the water system free
from competition by other like municipal utilities; that adequate insurance on said system and
suitable fidelity bonds on employees will be carried; that proper and adequate books of
account will be kept showing all receipts and disbursements relating to the water fund, into
which the city will pay all of the gross revenues from the water system; that it will also create
and maintain the utility improvements account of the General Obligation Bonds, Series 2026A
Debt Service Fund, into which the city will pay, out of the net revenues from the water system a
sum sufficient to pay principal of the utility revenue bonds (as defined in the resolution) and
interest on the utility revenue bonds when due; and that the city will provide, by ad valorem tax
levies, for any deficiency in required net revenues of the water system.
As provided in the resolution and subject to certain limitations set forth therein, this
bond is transferable upon the books of the city at the principal office of the bond registrar, by
the registered owner hereof in person or by the owner’s attorney duly authorized in writing
upon surrender hereof together with a written instrument of transfer satisfactory to the bond
registrar, duly executed by the registered owner or the owner’s attorney; and may also be
surrendered in exchange for bonds of other authorized denominations. Upon such transfer or
exchange the city will cause a new bond or bonds to be issued in the name of the transferee or
registered owner, of the same aggregate principal amount, bearing interest at the same rate
and maturing on the same date, subject to reimbursement for any tax, fee or governmental
charge required to be paid with respect to such transfer or exchange.
The city and the bond registrar may deem and treat the person in whose name this
bond is registered as the absolute owner hereof, whether this bond is overdue or not, for the
purpose of receiving payment and for all other purposes, and neither the city nor the bond
registrar will be affected by any notice to the contrary.
IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions
and things required by the home rule charter of the city and the constitution and laws of the
State of Minnesota to be done, to exist, to happen and to be performed preliminary to and in
the issuance of this bond in order to make it a valid and binding general obligation of the city in
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 19
accordance with its terms, have been done, do exist, have happened and have been performed
as so required, and that the issuance of this bond does not cause the indebtedness of the city
to exceed any constitutional, charter, or statutory limitation of indebtedness.
This bond is not valid or obligatory for any purpose or entitled to any security or benefit
under the resolution until the certificate of authentication hereon has been executed by the
bond registrar by manual signature of one of its authorized representatives.
IN WITNESS WHEREOF, the City of St. Louis Park, Hennepin County, Minnesota, by its
city council, has caused this bond to be executed on its behalf by the facsimile or manual
signatures of the mayor and city manager and has caused this bond to be dated as of the date
set forth below.
Dated: July 28, 2026
City of St. Louis Park, Minnesota
(Facsimile) (Facsimile)
Mayor City Manager
________________________________________
Certificate of authentication
This is one of the bonds delivered pursuant to the resolution mentioned within.
Bond Trust Services Corporation
By
Authorized Representative
________________________________________
Abbreviations
The following abbreviations, when used in the inscription on the face of this bond, will be
construed as though they were written out in full according to applicable laws or regulations:
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 20
TEN COM – as tenants in common UNIF GIFT MIN ACT
_________ Custodian _________
(Cust) (Minor)
TEN ENT – as tenants by entireties under Uniform Gifts or Transfers to Minors
Act, State of _______________
JT TEN – as joint tenants with right of
survivorship and not as tenants in
common
Additional abbreviations may also be used though not in the above list.
________________________________________
Assignment
For value received, the undersigned hereby sells, assigns and transfers unto
________________________________________ the within bond and all rights thereunder, and
does hereby irrevocably constitute and appoint _________________________ attorney to transfer
the said bond on the books kept for registration of the within bond, with full power of substitution
in the premises.
Dated:
Notice: The assignor’s signature to this assignment must correspond with the name
as it appears upon the face of the within bond in every particular, without
alteration or any change whatever.
Signature Guaranteed:
NOTICE: Signature(s) must be guaranteed by a financial institution that is a member of the Securities
Transfer Agent Medallion Program (“STAMP”), the Stock Exchange Medallion Program (“SEMP”),
the New York Stock Exchange, Inc. Medallion Signatures Program (“MSP”) or other such “signature
guarantee program” as may be determined by the Registrar in addition to, or in substitution for,
STAMP, SEMP or MSP, all in accordance with the Securities Exchange Act of 1934, as amended.
The registrar will not effect transfer of this bond unless the information concerning the
assignee requested below is provided.
Name and Address:
(Include information for all joint owners if this bond
is held by joint account.)
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 21
Please insert social security or other
identifying number of assignee
________________________________________
Provisions as to registration
The ownership of the principal of and interest on the within bond has been registered on
the books of the registrar in the name of the person last noted below.
Date of registration
Registered owner
Signature of
officer of registrar
Cede & Co.
Federal ID #13-2555119
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 22
Exhibit C
Tax levy schedule
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 23
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PRELIMINARY OFFICIAL STATEMENT DATED JUNE 29, 2026
In the opinion of Kutak Rock LLP, Bond Counsel to the Issuer, under existing laws, regulations, rulings and judicial decisions and assuming the accuracy of certain
representations and continuing compliance with certain covenants, interest on the Bonds [(including any original issue discount properly allocable to the owner of a
Bond)]is excludable from gross income for federal income tax purposes and is not a specific preference item for purposes of the federal alternative minimum tax imposed
on individuals. Further, and to the extent of the aforementioned federal income tax exclusion, interest on the Bonds is excludable from taxable net income of individuals,
trusts and estates for Minnesota income tax purposes, and is not a preference item for purposes of the computation of the Minnesota alternative minimum tax imposed
on individuals, trusts and estates. Interest on the Bonds (a) may affect the federal alternative minimum tax imposed on certain corporations, and (b) is subject to Minnesota
franchise taxes on certain corporations (including financial institutions) measured by income. For a more detailed description of such opinions of Bond Counsel, see "Tax
Matters" herein and "Appendix B – Form of Legal Opinion."
The City will designate the Bonds as "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended, relating
to the ability of financial institutions to deduct from income for federal income tax purposes, interest expense that is allocable to carrying and acquiring tax-exempt
obligations.
New Issue Rating Application Made: S&P Global Ratings
CITY OF ST. LOUIS PARK, MINNESOTA
(Hennepin County)
$9,930,000* GENERAL OBLIGATION BONDS, SERIES 2026A
PROPOSAL OPENING: July 6, 2026, 10:30 A.M., C.T.CONSIDERATION: July 6, 2026, 6:15 P.M., C.T.
PURPOSE/AUTHORITY/SECURITY: The $9,930,000* General Obligation Bonds, Series 2026A (the "Bonds") are being
issued pursuant to Section 6.15 of the City Charter of the City of St. Louis Park (the "City"), and Minnesota Statutes,
Chapters 444 and 475, as amended, by the City, for the purposes of financing capital projects in the City and water utility
improvements, including Phase II of the Cedar Lake and Louisiana road and utility reconstruction, the 2026 pavement
management projects and Connect the Park projects and improvements to the Police Department Facility. The Bonds will
be general obligations of the City for which its full faith and credit and taxing powers are pledged. Delivery is subject to
receipt of an approving legal opinion of Kutak Rock LLP, Minneapolis, Minnesota.
DATE OF BONDS: July 28, 2026
MATURITY: February 1 as follows:
Year Amount* Year Amount* Year Amount*
2028 $460,000 2033 $745,000 2038 $510,000
2029 650,000 2034 765,000 2039 535,000
2030 675,000 2035 795,000 2040 550,000
2031 695,000 2036 820,000 2041 575,000
2032 715,000 2037 845,000 2042 595,000
*MATURITY
ADJUSTMENTS:
The City reserves the right to increase or decrease the principal amount of the Bonds on the
day of sale, in increments of $5,000 each. Increases or decreases may be made in any
maturity. If any principal amounts are adjusted, the purchase price proposed will be adjusted
to maintain the same gross spread per $1,000.
TERM BONDS: See "Term Bond Option" herein.
INTEREST: August 1, 2027 and semiannually thereafter.
OPTIONAL
REDEMPTION:
Bonds maturing on February 1, 2036 and thereafter are subject to call for prior optional
redemption on February 1, 2035 or any date thereafter, at a price of par plus accrued interest
to the date of optional redemption.
MINIMUM PROPOSAL: $9,810,840.
GOOD FAITH DEPOSIT: A good faith deposit in the amount of $198,600 shall be made by the winning bidder by wire
transfer of funds.
PAYING AGENT: Bond Trust Services Corporation.
BOND COUNSEL: Kutak Rock LLP.
MUNICIPAL ADVISOR: Ehlers and Associates, Inc.
BOOK-ENTRY-ONLY:See "Book-Entry-Only System" herein (unless otherwise specified by the purchaser).
Page 24
REPRESENTATIONS
No dealer, broker, salesperson or other person has been authorized by the City to give any information or to make any representation other than
those contained in this Preliminary Official Statement and, if given or made, such other information or representations must not be relied upon
as having been authorized by the City. This Preliminary Official Statement does not constitute an offer to sell or a solicitation of an offer
to buy any of the Bonds in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction.
This Preliminary Official Statement is not to be construed as a contract with the Underwriter (Syndicate Manager). Statements contained herein
which involve estimates or matters of opinion are intended solely as such and are not to be construed as representations of fact. Ehlers and
Associates, Inc. prepared this Preliminary Official Statement and any addenda thereto relying on information of the City and other sources for
which there is reasonable basis for believing the information is accurate and complete. Bond Counsel has not participated in the preparation
of this Preliminary Official Statement and is not expressing any opinion as to the completeness or accuracy of the information contained therein.
Compensation of Ehlers and Associates, Inc., payable entirely by the City, is contingent upon the delivery of the Bonds.
COMPLIANCE WITH S.E.C. RULE 15c2-12
Certain municipal obligations (issued in an aggregate amount over $1,000,000) are subject to Rule 15c2-12 promulgated by the Securities and
Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended (the "Rule").
Preliminary Official Statement: This Preliminary Official Statement was prepared for the City for dissemination to potential investors.
Its primary purpose is to disclose information regarding the Bonds to prospective underwriters in the interest of receiving competitive proposals
in accordance with the sale notice contained herein. Unless an addendum is posted prior to the sale, this Preliminary Official Statement shall
be deemed nearly final for purposes of the Rule subject to completion, revision and amendment in a Final Official Statement as defined below.
Review Period: This Preliminary Official Statement has been distributed to prospective bidders for review. Comments or requests for the
correction of omissions or inaccuracies must be submitted to Ehlers and Associates, Inc. at least two business days prior to the sale. Requests
for additional information or corrections in the Preliminary Official Statement received on or before this date will not be considered a
qualification of a proposal received from an underwriter. If there are any changes, corrections or additions to the Preliminary Official
Statement, interested bidders will be informed by an addendum prior to the sale.
Final Official Statement: Copies of the Final Official Statement will be delivered to the Underwriter (Syndicate Manager) within seven
business days following the proposal acceptance.
Continuing Disclosure: Subject to certain exemptions, issues in an aggregate amount over $1,000,000 may be required to comply with
provisions of the Rule which require that underwriters obtain from the issuers of municipal securities (or other obligated party) an agreement
for the benefit of the owners of the securities to provide continuing disclosure with respect to those securities. This Preliminary Official
Statement describes the conditions under which the City is required to comply with the Rule.
CLOSING CERTIFICATES
Upon delivery of the Bonds, the Underwriter (Syndicate Manager) will be furnished with the following items: (1) a certificate of the appropriate
officials to the effect that at the time of the sale of the Bonds and all times subsequent thereto up to and including the time of the delivery of
the Bonds, this Preliminary Official Statement did not and does not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; (2) a receipt signed
by the appropriate officer evidencing payment for the Bonds; (3) a certificate evidencing the due execution of the Bonds, including statements
that (a) no litigation of any nature is pending, or to the knowledge of signers, threatened, restraining or enjoining the issuance and delivery of
the Bonds, (b) neither the corporate existence or boundaries of the City nor the title of the signers to their respective offices is being contested,
and (c) no authority or proceedings for the issuance of the Bonds have been repealed, revoked or rescinded; and (4) a certificate setting forth
facts and expectations of the City which indicates that the City does not expect to use the proceeds of the Bonds in a manner that would cause
them to be arbitrage bonds within the meaning of Section 148 of the Internal Revenue Code of 1986, as amended, or within the meaning of
applicable Treasury Regulations.
ii
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 25
TABLE OF CONTENTS
INTRODUCTORY STATEMENT. . . . . . . . . . . . . . . . . . . . . . . . 1
THE BONDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
GENERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
OPTIONAL REDEMPTION . . . . . . . . . . . . . . . . . . . . . . . . 1
AUTHORITY; PURPOSE . . . . . . . . . . . . . . . . . . . . . . . . . . 2
ESTIMATED SOURCES AND USES . . . . . . . . . . . . . . . . . 2
SECURITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
RATING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
CONTINUING DISCLOSURE. . . . . . . . . . . . . . . . . . . . . . . 4
LEGAL OPINION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
TAX MATTERS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
QUALIFIED TAX-EXEMPT OBLIGATIONS . . . . . . . . . . 7
MUNICIPAL ADVISOR . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
MUNICIPAL ADVISOR AFFILIATED COMPANIES. . . . 8
INDEPENDENT AUDITORS . . . . . . . . . . . . . . . . . . . . . . . 8
RISK FACTORS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
VALUATIONS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
OVERVIEW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
CURRENT PROPERTY VALUATIONS. . . . . . . . . . . . . . 12
2025/26 NET TAX CAPACITY BY CLASSIFICATION . 13
TREND OF VALUATIONS. . . . . . . . . . . . . . . . . . . . . . . . 13
LARGEST TAXPAYING PARCELS. . . . . . . . . . . . . . . . . 14
DEBT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
DIRECT DEBT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
DEBT PAYMENT HISTORY . . . . . . . . . . . . . . . . . . . . . . 15
FUTURE FINANCING. . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
DEBT LIMIT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
SCHEDULES OF BONDED INDEBTEDNESS . . . . . . . . 17
OVERLAPPING DEBT . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
DEBT RATIOS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
TAX LEVIES, COLLECTIONS AND RATES . . . . . . . . . . . . . 26
TAX LEVIES AND COLLECTIONS . . . . . . . . . . . . . . . . 26
TAX CAPACITY RATES . . . . . . . . . . . . . . . . . . . . . . . . . 27
THE ISSUER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
CITY GOVERNMENT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
EMPLOYEES; PENSIONS; UNIONS . . . . . . . . . . . . . . . . . . 28
POST EMPLOYMENT BENEFITS. . . . . . . . . . . . . . . . . . . . 28
LITIGATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
MUNICIPAL BANKRUPTCY. . . . . . . . . . . . . . . . . . . . . . . . 28
FUNDS ON HAND. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
ENTERPRISE FUNDS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
SUMMARY GENERAL FUND INFORMATION. . . . . . . . . 31
GENERAL FUND BUDGET SUMMARY . . . . . . . . . . . . . . 32
GENERAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
LOCATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
LARGER EMPLOYERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
BUILDING PERMITS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
U.S. CENSUS DATA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
EMPLOYMENT/UNEMPLOYMENT DATA. . . . . . . . . . . . 35
FINANCIAL STATEMENTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . A-1
FORM OF LEGAL OPINION . . . . . . . . . . . . . . . . . . . . . . . . . . . B-1
BOOK-ENTRY-ONLY SYSTEM . . . . . . . . . . . . . . . . . . . . . . . . C-1
FORM OF CONTINUING DISCLOSURE CERTIFICATE . . . . D-1
TERMS OF PROPOSAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E-1
PROPOSAL FORM
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City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 26
CITY OF ST. LOUIS PARK
CITY COUNCIL
Term Expires
Nadia Mohamed Mayor January 2028
Daniel Bashore Council Member January 2030
Paul Baudhuin Council Member January 2028
Tim Brausen Council Member January 2030
Sue Budd Council Member January 2030
Jim Engelking Council Member January 2030
Yolanda Farris Council Member January 2028
ADMINISTRATION
Kim Keller, City Manager
Joe Olson, Deputy Finance Director
Melissa Kennedy, City Clerk
PROFESSIONAL SERVICES
Campbell Knutson, P.A., City Attorney, Eagan, Minnesota
Kutak Rock LLP, Bond Counsel, Minneapolis, Minnesota
Ehlers and Associates, Inc., Municipal Advisors, Minneapolis, Minnesota
(Other office located in Waukesha, Wisconsin)
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City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 27
INTRODUCTORY STATEMENT
This Preliminary Official Statement contains certain information regarding the City of St. Louis Park, Minnesota (the
"City") and the issuance of its $9,930,000* General Obligation Bonds, Series 2026A (the "Bonds"). Any descriptions
or summaries of the Bonds, statutes, or documents included herein are not intended to be complete and are qualified
in their entirety by reference to such statutes and documents and the form of the Bonds to be included in the resolution
authorizing the issuance and sale of the Bonds ("Award Resolution") to be adopted by the City Council on July 6,
2026.
Inquiries may be directed to Ehlers and Associates, Inc. ("Ehlers" or the "Municipal Advisor"), Minneapolis,
Minnesota, (651) 697-8500, the City's municipal advisor. A copy of this Preliminary Official Statement may be
downloaded from Ehlers' web site at www.ehlers-inc.com by connecting to the Bond Sales link and following the
directions at the top of the site.
THE BONDS
GENERAL
The Bonds will be issued in fully registered form as to both principal and interest in denominations of $5,000 each
or any integral multiple thereof, and will be dated, as originally issued, as of July 28, 2026. The Bonds will mature
on February 1 in the years and amounts set forth on the cover of this Preliminary Official Statement. Interest will be
payable on February 1 and August 1 of each year, commencing August 1, 2027, to the registered owners of the Bonds
appearing of record in the bond register as of the close of business on the 15th day (whether or not a business day)
of the immediately preceding month. Interest will be computed upon the basis of a 360-day year of twelve 30-day
months and will be rounded pursuant to rules of the Municipal Securities Rulemaking Board ("MSRB"). The rate
for any maturity may not be more than 2.00% less than the rate for any preceding maturity. (For example,
if a rate of 4.50% is proposed for the 2028 maturity, then the lowest rate that may be proposed for any later
maturity is 2.50%.) All Bonds of the same maturity must bear interest from the date of issue until paid at a single,
uniform rate. Each rate must be expressed in an integral multiple of 5/100 or 1/8 of 1%.
Unless otherwise specified by the purchaser, the Bonds will be registered in the name of Cede & Co., as nominee for
The Depository Trust Company, New York, New York ("DTC"). (See "Book-Entry-Only System" herein.) As long
as the Bonds are held under the book-entry system, beneficial ownership interests in the Bonds may be acquired in
book-entry form only, and all payments of principal of, premium, if any, and interest on the Bonds shall be made
through the facilities of DTC and its participants. If the book-entry system is terminated, principal of, premium, if
any, and interest on the Bonds shall be payable as provided in the Award Resolution.
The City has selected Bond Trust Services Corporation, Minneapolis, Minnesota ("BTSC"), to act as paying agent
(the "Paying Agent"). BTSC and Ehlers are affiliate companies. The City will pay the charges for Paying Agent
services. The City reserves the right to remove the Paying Agent and to appoint a successor.
*Preliminary, subject to change.
OPTIONAL REDEMPTION
At the option of the City, the Bonds maturing on or after February 1, 2036 shall be subject to optional redemption
prior to maturity on February 1, 2035 or any date thereafter, at a price of par plus accrued interest to the date of
optional redemption.
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City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 28
Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the selection of
the amounts and maturities of the Bonds to be redeemed shall be at the discretion of the City. If only part of the
Bonds having a common maturity date are called for redemption, then the City or Paying Agent, if any, will notify
DTC of the particular amount of such maturity to be redeemed. DTC will determine by lot the amount of each
participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial
ownership interest in such maturity to be redeemed.
Notice of redemption shall be sent by mail not more than 60 days and not less than 30 days prior to the date fixed for
redemption to the registered owner of each Bond to be redeemed at the address shown on the registration books.
AUTHORITY; PURPOSE
The Bonds are being issued pursuant to Section 6.15 of the City Charter of the City, and Minnesota Statutes, Chapters
444 and 475, as amended, by the City, for the purposes of financing capital projects in the City and water utility
improvements, including Phase II of the Cedar Lake and Louisiana road and utility reconstruction, the 2026 pavement
management projects and Connect the Park projects and improvements to the Police Department Facility (further
breakout of portions listed below).
ESTIMATED SOURCES AND USES*
Sources
City
Project
Portion
Utility
Revenue
Portion
Total
Bond
Issue
Par Amount of Bonds $7,365,000 $2,565,000 $9,930,000
Total Sources $7,365,000 $2,565,000 $9,930,000
Uses
Total Underwriter's Discount (1.200%) $88,380 $30,780 $119,160
Costs of Issuance 91,228 31,772 123,000
Deposit to Construction Fund 7,185,000 2,500,000 9,685,000
Rounding Amount 392 2,448 2,840
Total Uses $7,365,000 $2,565,000 $9,930,000
*Preliminary, subject to change.
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City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 29
Breakdown of Principal Payments*:
Payment
Date
City
Project
Portion
Utility
Revenue
Portion
Total
Bond
Issue
2/01/2028 $275,000 $185,000 $460,000
2/01/2029 420,000 230,000 650,000
2/01/2030 435,000 240,000 675,000
2/01/2031 450,000 245,000 695,000
2/01/2032 460,000 255,000 715,000
2/01/2033 480,000 265,000 745,000
2/01/2034 490,000 275,000 765,000
2/01/2035 515,000 280,000 795,000
2/01/2036 530,000 290,000 820,000
2/01/2037 545,000 300,000 845,000
2/01/2038 510,000 - 510,000
2/01/2039 535,000 - 535,000
2/01/2040 550,000 - 550,000
2/01/2041 575,000 - 575,000
2/01/2042 595,000 - 595,000
Total $7,365,000 $2,565,000 $9,930,000
*Preliminary, subject to change.
SECURITY
The Bonds will be general obligations of the City for which its full faith and credit and taxing powers are pledged
without limitation as to rate or amount.
The City anticipates that the debt service on the City Project Portion of the Bonds will be paid from ad valorem
property taxes. In accordance with Minnesota Statutes, the City will levy each year an amount not less than 105% of
the debt service requirements on the City Project Portion of the Bonds. In the event funds on hand for payment of
principal and interest are at any time insufficient, the City is required to levy an additional ad valorem tax upon all
taxable properties within its boundaries without limit as to rate or amount to make up any deficiency.
The City anticipates that the debt service on the Utility Revenue Portion of the Bonds will be paid entirely from net
revenues of the water system ("utility revenues") which is owned and operated by the City. In accordance with
Minnesota Statutes, receipt of utility revenues will be sufficient to provide not less than 105% of principal and interest
on the Utility Revenue Portion of the Bonds.
Should the utility revenues and/or ad valorem property taxes pledged for payment of the Bonds be insufficient to pay
the principal and interest as the same shall become due, the City is required to pay maturing principal and interest
from moneys on hand in any other fund of the City not pledged for another purpose and/or to levy a tax for this
purpose upon all the taxable property in the City, without limitation as to rate or amount.
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City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 30
RATING
General obligation debt of the City, with the exception of any outstanding credit enhanced issues, is currently rated
"AAA"/Stable outlook by S&P Global Ratings ("S&P").
The City has requested a rating on the Bonds from S&P, and bidders will be notified as to the assigned rating prior
to the sale. Such rating reflects only the views of such organization and explanations of the significance of such rating
may be obtained from S&P.
Generally, a rating agency bases its rating on the information and materials furnished to it and on investigations,
studies and assumptions of its own. There is no assurance that such rating will continue for any given period of time
or that it will not be revised downward or withdrawn entirely by such rating agency, if in the judgment of such rating
agency circumstances so warrant. Any such downward revision or withdrawal of such rating may have an adverse
effect on the market price of the Bonds.
Such rating is not to be construed as a recommendation of the rating agency to buy, sell or hold the Bonds, and the
rating assigned by the rating agency should be evaluated independently. Except as may be required by the Disclosure
Undertaking described under the heading "CONTINUING DISCLOSURE" neither the City nor the underwriter
undertake responsibility to bring to the attention of the owner of the Bonds any proposed changes in or withdrawal
of such rating or to oppose any such revision or withdrawal.
CONTINUING DISCLOSURE
In order to assist brokers, dealers, and municipal securities dealers, in connection with their participation in the
offering of the Bonds, to comply with Rule 15c2-12 promulgated by the Securities and Exchange Commission,
pursuant to the Securities and Exchange Act of 1934, as amended (the "Rule"), the City shall agree to provide certain
information to the Municipal Securities Rulemaking Board ("MSRB") through its Electronic Municipal Market Access
("EMMA") system, or any system that may be prescribed in the future. The Rule was last amended, effective
February 27, 2019, to include an expanded list of material events.
On the date of issue and delivery, the City shall execute and deliver a Continuing Disclosure Certificate, under which
the City will covenant for the benefit of holders including beneficial holders, to provide electronically, or in a manner
otherwise prescribed, certain financial information annually and to provide notices of the occurrence of certain events
enumerated in the Rule (the "Disclosure Undertaking"). The details and terms of the Disclosure Undertaking for the
City are set forth in Appendix D. Such Disclosure Undertaking will be in substantially the form attached hereto.
A failure by the City to comply with any Disclosure Undertaking will not constitute an event of default on the Bonds.
However, such a failure may adversely affect the transferability and liquidity of the Bonds and their market price.
In the previous five years, the City believes it has not failed to comply in all material respects with its prior
undertakings under the Rule. The City has reviewed its continuing disclosure responsibilities along with any changes
to the Rule, to ensure compliance. Ehlers is currently engaged as dissemination agent for the City.
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City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 31
LEGAL OPINION
An opinion as to the validity of the Bonds and the exemption from taxation of the interest thereon will be furnished
by Kutak Rock LLP, Minneapolis, Minnesota, Bond Counsel to the City ("Bond Counsel"), and will be available at
the time of delivery of the Bonds. The legal opinion will state that the Bonds are valid and binding general obligations
of the City; provided that the rights of the owners of the Bonds and the enforceability of the Bonds may be limited
by bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting creditors' rights and by
equitable principles (which may be applied in either a legal or equitable proceeding). See "FORM OF LEGAL
OPINION" found in Appendix B.
Bond Counsel has not participated in the preparation of this Official Statement and is not passing upon its accuracy,
completeness, or sufficiency. Bond Counsel has not examined or verified, nor attempted to examine or verify, any
of the financial or statistical statements or data contained in this Official Statement and will express no opinion with
respect thereto.
TAX MATTERS
General Matters. In the opinion of Kutak Rock LLP, Bond Counsel, under existing laws, regulations, rulings and
judicial decisions, interest on the Bonds [(including any original issue discount properly allocable to the owner of a
Bond)] is excludable from gross income for federal income tax purposes and is not a specific preference item for
purposes of the federal alternative minimum tax imposed on individuals. Further, and to the extent of the
aforementioned federal income tax exclusion, interest on the Bonds is excludable from taxable net income of
individuals, trusts, and estates for Minnesota income tax purposes, and is not a preference item for purposes of the
computation of the Minnesota alternative minimum tax imposed on individuals, trusts, and estates. The opinions
described above assume the accuracy of certain representations and compliance by the City with covenants designed
to satisfy the requirements of the Internal Revenue Code of 1986, as amended (the "Code"), that must be met
subsequent to the issuance of the Bonds. Failure to comply with such requirements could cause interest on the Bonds
to be included in gross income for federal income tax purposes and in taxable net income for Minnesota income tax
purposes, retroactive to the date of issuance of the Bonds. The City has covenanted to comply with such requirements.
Interest on the Bonds (a) may affect the federal alternative minimum tax imposed on certain corporations, and (b) is
subject to Minnesota franchise taxes on certain corporations (including financial institutions) measured by income.
Bond Counsel has expressed no opinion regarding other federal tax consequences arising with respect to the Bonds.
The accrual or receipt of interest on the Bonds may otherwise affect the federal income tax liability of the owners of
the Bonds. The extent of these other tax consequences will depend on such owners' particular tax status and other
items of income or deduction. Bond Counsel has expressed no opinion regarding any such consequences.
Purchasers of the Bonds, particularly purchasers that are corporations (including S corporations, foreign corporations
operating branches in the United States of America, and certain corporations subject to the alternative minimum tax
imposed on corporations), property or casualty insurance companies, banks, thrifts or other financial institutions,
certain recipients of social security or railroad retirement benefits, taxpayers entitled to claim the earned income credit,
taxpayers entitled to claim the refundable credit in Section 36B of the Code for coverage under a qualified health plan
or taxpayers who may be deemed to have incurred or continued indebtedness to purchase or carry tax-exempt
obligations, should consult their tax advisors as to the tax consequences of purchasing or owning the Bonds.
A copy of the form of opinion of Bond Counsel is attached hereto as Appendix B.
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City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 32
Original Issue Discount. The Bonds that have an original yield above their respective interest rates, if any, as shown
on the inside cover of this Official Statement (collectively, the "Discount Bonds"), are being sold at an original issue
discount. The difference between the initial public offering prices of such Discount Bonds and their stated amounts
to be paid at maturity (excluding "qualified stated interest" within the meaning of Section 1.1273-1 of the Treasury
Regulations) constitutes original issue discount treated in the same manner for federal income tax purposes as interest,
as described above.
The amount of original issue discount that is treated as having accrued with respect to a Discount Bond is added to
the cost basis of the owner of the bond in determining, for federal income tax purposes, gain or loss upon disposition
of such Discount Bond (including its sale, redemption or payment at maturity). Amounts received on disposition of
such Discount Bond that are attributable to accrued or otherwise recognized original issue discount will be treated
as tax-exempt interest, rather than as taxable gain, for federal income tax purposes.
Original issue discount is treated as compounding semiannually, at a rate determined by reference to the yield to
maturity of each individual Discount Bond, on days that are determined by reference to the maturity date of such
Discount Bond. The amount treated as original issue discount on such Discount Bond for a particular semiannual
accrual period is equal to (a) the product of (i) the yield to maturity for such Discount Bond (determined by
compounding at the close of each accrual period) and (ii) the amount that would have been the tax basis of such
Discount Bond at the beginning of the particular accrual period if held by the original purchaser, less (b) the amount
of any interest payable for such Discount Bond during the accrual period. The tax basis for purposes of the preceding
sentence is determined by adding to the initial public offering price on such Discount Bond the sum of the amounts
that have been treated as original issue discount for such purposes during all prior periods. If such Discount Bond is
sold between semiannual compounding dates, original issue discount that would have been accrued for that
semiannual compounding period for federal income tax purposes is to be apportioned in equal amounts among the
days in such compounding period.
Owners of Discount Bonds should consult their tax advisors with respect to the determination and treatment of
original issue discount accrued as of any date and with respect to the state and local tax consequences of owning a
Discount Bond. Subsequent purchasers of Discount Bonds that purchase such bonds for a price that is higher or lower
than the "adjusted issue price" of the bonds at the time of purchase should consult their tax advisors as to the effect
on the accrual of original issue discount.
Original Issue Premium. The Bonds that have an original yield below their respective interest rates, if any, as shown
on the inside cover of this Official Statement (collectively, the "Premium Bonds"), are being sold at a premium. An
amount equal to the excess of the issue price of a Premium Bond over its stated redemption price at maturity
constitutes premium on such Premium Bond. A purchaser of a Premium Bond must amortize any premium over such
Premium Bond's term using constant yield principles, based on the purchaser's yield to maturity (or, in the case of
Premium Bonds callable prior to their maturity, generally by amortizing the premium to the call date, based on the
purchaser's yield to the call date and giving effect to any call premium). As premium is amortized, the amount of the
amortization offsets a corresponding amount of interest for the period, and the purchaser's basis in such Premium
Bond is reduced by a corresponding amount resulting in an increase in the gain (or decrease in the loss) to be
recognized for federal income tax purposes upon a sale or disposition of such Premium Bond prior to its maturity.
Even though the purchaser's basis may be reduced, no federal income tax deduction is allowed. Purchasers of the
Premium Bonds should consult their tax advisors with respect to the determination and treatment of premium for
federal income tax purposes and with respect to the state and local tax consequences of owning a Premium Bond.
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City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 33
Bank Qualified. The City has represented that it does not reasonably anticipate issuing greater than $10,000,000 of
tax-exempt obligations in calendar year 2026 (excluding certain private activity and refunding bonds) and that it has
designated the Bonds as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the Code.
Accordingly, assuming the accuracy of such representations, in the case of certain banks, thrift institutions or other
financial institutions owning the Bonds, a deduction is allowed for 80 percent of that portion of such institutions'
interest expense allocable to interest on such bonds. Bond Counsel has expressed no opinion with respect to any
deduction for federal tax law purposes of interest on indebtedness incurred or continued by an owner of the Bonds
or a related person to purchase or carry such bonds.
Backup Withholding
An owner of a Bond may be subject to backup withholding at the applicable rate determined by statute with respect
to interest paid with respect to the Bonds if such owner fails to provide to any person required to collect such
information pursuant to Section 6049 of the Code with such owner's taxpayer identification number, furnishes an
incorrect taxpayer identification number, fails to report interest, dividends or other "reportable payments" (as defined
in the Code) properly, or, under certain circumstances, fails to provide such persons with a certified statement, under
penalty of perjury, that such owner is not subject to backup withholding.
Changes in Federal and State Tax Law
From time to time, there are legislative proposals in the Congress and in the states that, if enacted, could alter or
amend the federal and state tax matters referred to under this heading "TAX MATTERS" or adversely affect the
market value of the Bonds. It cannot be predicted whether or in what form any such proposal might be enacted or
whether if enacted it would apply to bonds issued prior to enactment. In addition, regulatory actions are from time
to time announced or proposed and litigation is threatened or commenced which, if implemented or concluded in a
particular manner, could adversely affect the market value of the Bonds. It cannot be predicted whether any such
regulatory action will be implemented, how any particular litigation or judicial action will be resolved, or whether
the Bonds or the market value thereof would be impacted thereby. Purchasers of the Bonds should consult their tax
advisors regarding any pending or proposed legislation, regulatory initiatives or litigation. The opinions expressed
by Bond Counsel are based on existing legislation and regulations as interpreted by relevant judicial and regulatory
authorities as of the date of issuance and delivery of the Bonds, and Bond Counsel has expressed no opinion as of any
date subsequent thereto or with respect to any pending legislation, regulatory initiatives or litigation.
PROSPECTIVE PURCHASERS OF THE BONDS ARE ADVISED TO CONSULT WITH THEIR OWN TAX
ADVISORS PRIOR TO ANY PURCHASE OF THE BONDS AS TO THE IMPACT OF THE CODE UPON
THEIR ACQUISITION, HOLDING OR DISPOSITION OF THE BONDS.
QUALIFIED TAX-EXEMPT OBLIGATIONS
The City will designate the Bonds as "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the Code
relating to the ability of financial institutions to deduct from income for federal income tax purposes, interest expense
that is allocable to carrying and acquiring tax-exempt obligations.
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City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 34
MUNICIPAL ADVISOR
Ehlers has served as municipal advisor to the City in connection with the issuance of the Bonds. The Municipal
Advisor cannot participate in the underwriting of the Bonds. The financial information included in this Preliminary
Official Statement has been compiled by the Municipal Advisor. Such information does not purport to be a review,
audit or certified forecast of future events and may not conform with accounting principles applicable to compilations
of financial information. Ehlers is not a firm of certified public accountants. Ehlers is registered with the Securities
and Exchange Commission and the MSRB as a municipal advisor. Ehlers makes no representation, warranty or
guarantee regarding the accuracy or completeness of the information in this Preliminary Official Statement, and its
assistance in preparing this Preliminary Official Statement should not be construed as a representation that it has
independently verified such information.
MUNICIPAL ADVISOR AFFILIATED COMPANIES
BTSC and Ehlers Investment Partners, LLC ("EIP") are affiliate companies of Ehlers. BTSC is chartered by the State
of Minnesota and authorized in Minnesota, Wisconsin, Colorado, and Illinois to transact the business of a limited
purpose trust company. BTSC provides paying agent services to debt issuers. EIP is a Registered Investment Advisor
with the Securities and Exchange Commission. EIP assists issuers with the investment of bond proceeds or investing
other issuer funds. This includes escrow bidding agent services. Issuers, such as the City, have retained or may retain
BTSC and/or EIP to provide these services. If hired, BTSC and/or EIP would be retained by the City under an
agreement separate from Ehlers.
INDEPENDENT AUDITORS
The basic financial statements of the City for the fiscal year ended December 31, 2025 have been audited by Redpath
and Company, LLC, St. Paul, Minnesota, independent auditors (the "Auditor"). The report of the Auditor, together
with the basic financial statements, component units financial statements, and notes to the financial statements are
attached hereto as "APPENDIX A – FINANCIAL STATEMENTS". The Auditor has not been engaged to perform
and has not performed, since the date of its report included herein, any procedures on the financial statements
addressed in that report. The Auditor also has not performed any procedures relating to this Preliminary Official
Statement.
RISK FACTORS
The following is a description of possible risks to holders of the Bonds without weighting as to probability. This
description of risks is not intended to be all-inclusive, and there may be other risks not now perceived or listed here.
Taxes: The Bonds are general obligations of the City, the ultimate payment of which rests in the City's ability to levy
and collect sufficient taxes to pay debt service should other revenue (utility revenues) be insufficient. In the event
of delayed billing, collection or distribution of property taxes, sufficient funds may not be available to the City in time
to pay debt service when due.
State Actions: Many elements of local government finance, including the issuance of debt and the levy of property
taxes, are controlled by state government. Future actions of the State of Minnesota (the "State") may affect the overall
financial condition of the City, the taxable value of property within the City, and the ability of the City to levy and
collect property taxes.
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City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 35
Future Changes in Law: Various State and federal laws, regulations and constitutional provisions apply to the City
and to the Bonds. The City can give no assurance that there will not be a change in or interpretation of any such
applicable laws, regulations and provisions which would have a material effect on the City or the taxing authority of
the City.
Ratings; Interest Rates: In the future, the City's credit rating may be reduced or withdrawn, or interest rates for this
type of obligation may rise generally, either possibility resulting in a reduction in the value of the Bonds for resale
prior to maturity.
Tax Exemption: If the federal government or the State of Minnesota taxes all or a portion of the interest on
municipal obligations, directly or indirectly, or if there is a change in federal or state tax policy, the value of the Bonds
may fall for purposes of resale. Noncompliance following the issuance of the Bonds with certain requirements of the
Code and covenants of the Award Resolution may result in the inclusion of interest on the Bonds in gross income of
the recipient for United States income tax purposes or in taxable net income of individuals, estates or trusts for State
of Minnesota income tax purposes. No provision has been made for redemption of the Bonds, or for an increase in
the interest rate on the Bonds, in the event that interest on the Bonds becomes subject to federal or State of Minnesota
income taxation, retroactive to the date of issuance.
Continuing Disclosure: A failure by the City to comply with the Disclosure Undertaking for continuing disclosure
(see "CONTINUING DISCLOSURE") will not constitute an event of default on the Bonds. Any such failure must
be reported in accordance with the Rule and must be considered by any broker, dealer, or municipal securities dealer
before recommending the purchase or sale of the Bonds in the secondary market. Such a failure may adversely affect
the transferability and liquidity of the Bonds and their market price.
Levy Limits: The State Legislature has periodically imposed limitations on the ability of municipalities to levy
property taxes. While these limitations have expired, the potential exists for future legislation to limit the ability of
local governments to levy property taxes. All previous limitations have not limited the ability to levy for the payment
of debt service on bonded indebtedness. For more detailed information about Minnesota levy limits, contact the
Minnesota Department of Revenue or Ehlers and Associates.
State Economy; State Aids: State of Minnesota cash flow problems could affect local governments and possibly
increase property taxes.
Book-Entry-Only System: The timely credit of payments for principal and interest on the Bonds to the accounts of
the Beneficial Owners of the Bonds may be delayed due to the customary practices, standing instructions or for other
unknown reasons by DTC participants or indirect participants. Since the notice of redemption or other notices to
holders of these obligations will be delivered by the City to DTC only, there may be a delay or failure by DTC, DTC
participants or indirect participants to notify the Beneficial Owners of the Bonds.
Economy: A combination of economic, climatic, political or civil disruptions or terrorist actions outside of the
control of the City, including loss of major taxpayers or major employers, could affect the local economy and result
in reduced tax collections and/or increased demands upon local government. Real or perceived threats to the financial
stability of the City may have an adverse effect on the value of the Bonds in the secondary market.
Secondary Market for the Bonds: No assurance can be given that a secondary market will develop for the purchase
and sale of the Bonds or, if a secondary market exists, that such Bonds can be sold for any particular price. The
underwriters are not obligated to engage in secondary market trading or to repurchase any of the Bonds at the request
of the owners thereof. Prices of the Bonds as traded in the secondary market are subject to adjustment upward and
downward in response to changes in the credit markets and other prevailing circumstances. No guarantee exists as
to the future market value of the Bonds. Such market value could be substantially different from the original purchase
price.
9
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 36
Bankruptcy: The rights and remedies of the holders may be limited by and are subject to the provisions of federal
bankruptcy laws, to other laws, or equitable principles that may affect the enforcement of creditors' rights, to the
exercise of judicial discretion in appropriate cases and to limitations on legal remedies against local governments.
The opinion of Bond Counsel to be delivered with respect to the Bonds will be similarly qualified.
Cybersecurity: The City is dependent on electronic information technology systems to deliver services. These
systems may contain sensitive information or support critical operational functions which may have value for
unauthorized purposes. As a result, the electronic systems and networks may be targets of cyberattack. There can
be no assurance that the City will not experience an information technology breach or attack with financial
consequences that could have a material adverse impact.
The foregoing is intended only as a summary of certain risk factors attendant to an investment in the Bonds. In order
for potential investors to identify risk factors and make an informed investment decision, potential investors should
be thoroughly familiar with this entire Preliminary Official Statement and the Appendices hereto.
10
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 37
VALUATIONS
OVERVIEW
All non-exempt property is subject to taxation by local taxing districts. Exempt real property includes Indian lands, public property, and
educational, religious and charitable institutions. Most personal property is exempt from taxation (except investor-owned utility mains,
generating plants, etc.).
The valuation of property in Minnesota consists of three elements. (1) The estimated market value is set by city or county assessors. Not less
than 20% of all real properties are to be appraised by local assessors each year. (2) The taxable market value is the estimated market value
adjusted by all legislative exclusions. (3) The tax capacity (taxable) value of property is determined by class rates set by the State Legislature.
The tax capacity rate varies according to the classification of the property. Tax capacity represents a percent of taxable market value.
The property tax rate for a local taxing jurisdiction is determined by dividing the total tax capacity or market value of property within the
jurisdiction into the dollars to be raised from the levy. State law determines whether a levy is spread on tax capacity or market value. Major
classifications and the percentages by which tax capacity is determined are:
Type of Property 2023/24 2024/25 2025/26
Residential homestead1 First $500,000 - 1.00%
Over $500,000 - 1.25%
First $500,000 - 1.00%
Over $500,000 - 1.25%
First $500,000 - 1.00%
Over $500,000 - 1.25%
Agricultural homestead1 First $500,000 HGA - 1.00%
Over $500,000 HGA - 1.25%
First $2,150,000 - 0.50% 2
Over $2,150,000 - 1.00% 2
First $500,000 HGA - 1.00%
Over $500,000 HGA - 1.25%
First $3,500,000 - 0.50% 2
Over $3,500,000 - 1.00% 2
First $500,000 HGA - 1.00%
Over $500,000 HGA - 1.25%
First $3,500,000 - 0.50% 2
Over $3,500,000 - 1.00% 2
Agricultural non-homestead Land - 1.00% 2 Land - 1.00% 2 Land - 1.00% 2
Seasonal recreational residential First $500,000 - 1.00% 3
Over $500,000 - 1.25% 3
First $500,000 - 1.00% 3
Over $500,000 - 1.25% 3
First $500,000 - 1.00% 3
Over $500,000 - 1.25% 3
Residential non-homestead: 1 unit - 1st $500,000 - 1.00%
Over $500,000 - 1.25%
2-3 units - 1.25%
4 or more - 1.25%
Small City4 - 1.25%
Affordable Rental:
First $174,000 - 0.75%
Over $174,000 - 0.25%
1 unit - 1st $500,000 - 1.00%
Over $500,000 - 1.25%
2-3 units - 1.25%
4 or more - 1.25%
Small City 4 - 1.25%
Affordable Rental: – 0.25%
1 unit - 1st $500,000 - 1.00%
Over $500,000 - 1.25%
2-3 units - 1.25%
4 or more - 1.25%
Small City 4 - 1.25%
Affordable Rental – 0.25%
Industrial/Commercial/Utility5 First $150,000 - 1.50%
Over $150,000 - 2.00%
First $150,000 - 1.50%
Over $150,000 - 2.00%
First $150,000 - 1.50%
Over $150,000 - 2.00%
1 A residential property qualifies as "homestead" if it is occupied by the owner or a relative of the owner on the assessment date.
2 Applies to land and buildings. Exempt from referendum market value tax.
3 Exempt from referendum market value tax.
4 Cities of 5,000 population or less and located entirely outside the seven-county metropolitan area and the adjacent nine-county area and
whose boundaries are 15 miles or more from the boundaries of a Minnesota city with a population of over 5,000.
5 The estimated market value of utility property is determined by the Minnesota Department of Revenue.
11
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 38
CURRENT PROPERTY VALUATIONS
2025/26 Economic Market Value $10,457,953,994 1
2025/26 Assessor's Estimated Market Value
Real Estate $9,958,327,800
Personal Property 22,100,400
Total Valuation $9,980,428,200
2025/26 Net Tax Capacity
Real Estate $120,310,848
Personal Property 434,466
Net Tax Capacity $120,745,314
Less:
Captured Tax Increment Tax Capacity2 (10,973,667)
Fiscal Disparities Contribution 3 (13,167,503)
Taxable Net Tax Capacity $96,604,144
Plus: Fiscal Disparities Distribution3 7,466,166
Adjusted Taxable Net Tax Capacity $104,070,310
1 According to the Minnesota Department of Revenue, the Assessor's Estimated Market Value (the "AEMV") for
the City was about 95.97% of the actual selling prices of property sold in the City. The sales ratio was calculated
by comparing the selling prices with the AEMV. Dividing the AEMV of real estate by the sales ratio and adding
the AEMV of personal property and utility, railroads and minerals, if any, results in an Economic Market Value
("EMV") for the City of $10,457,953,994.
2 The captured tax increment value shown above represents the captured net tax capacity of tax increment financing
districts in the City.
3 Each community in the seven-county metropolitan area contributes 40% of the growth in its commercial-
industrial property tax base to an area pool which is then distributed among the municipalities on the basis of
population, special needs, etc. Each governmental unit makes a contribution and receives a distribution--
sometimes gaining and sometimes contributing net tax capacity for tax purposes.
12
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 39
2025/26 NET TAX CAPACITY BY CLASSIFICATION
2025/26
Net Tax Capacity
Percent of Total
Net Tax Capacity
Residential homestead $60,927,868 50.46%
Commercial/industrial 36,326,209 30.09%
Public utility 248,308 0.21%
Railroad operating property 571,222 0.47%
Non-homestead residential 22,028,532 18.24%
Commercial & residential seasonal/rec.12,296 0.01%
Other 196,413 0.16%
Personal property 434,466 0.36%
Total $120,745,314 100.00%
TREND OF VALUATIONS
Levy
Year
Assessor's
Estimated
Market Value
Assessor's
Taxable
Market Value
Net Tax
Capacity1
Adjusted
Taxable
Net Tax
Capacity2
Percent
Increase/Decrease
in Estimated
Market Value
2021/22 $8,555,110,800 $8,428,814,718 $106,119,396 $87,256,766 4.28%
2022/23 9,427,743,400 9,329,350,550 116,626,650 96,682,406 10.20%
2023/24 9,748,879,700 9,650,904,194 120,912,490 101,064,612 3.41%
2024/25 9,926,673,200 9,738,161,288 121,168,959 100,607,002 1.82%
2025/26 9,980,428,200 9,799,012,607 120,745,314 104,070,310 0.54%
1 Net Tax Capacity is before fiscal disparities adjustments and includes tax increment values.
2 Adjusted Taxable Net Tax Capacity is after fiscal disparities adjustments and does not include tax increment
values.
13
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 40
LARGEST TAXPAYING PARCELS1
Taxpayer Type of Property 2025/26
Net Tax Capacity
Percent of City's
Total Net Tax
Capacity
BOF III Minnesota 10 West End LLC Commercial $1,791,950 1.48%
ACCESO Acquisitions LLC Commercial 1,499,250 1.24%
BOF II Minnesota W End Off Pk LLC Commercial 1,467,720 1.22%
Excelsior & Grand Apts LLC Apartment 1,409,340 1.17%
MSP West End LLC Commercial 1,251,930 1.04%
Park Nicollet Real Estate Commercial 1,232,124 1.02%
Knollwood MZL LLC Commercial 1,056,250 0.87%
Beltline Residences LLC Apartment 809,048 0.67%
4800 Excelsior Apartments Apartment 714,920 0.59%
Bel Verge LLC Apartment 651,375 0.54%
Total $11,883,907 9.84%
City's Total 2025/26 Net Tax Capacity $120,745,314
Source:Current Property Valuations, Net Tax Capacity by Classification, Trend of Valuations and Largest
Taxpaying Parcels have been furnished by Hennepin County.
1 Hennepin County has provided the largest taxpaying parcels which appear on the tax rolls of Hennepin County,
and therefore the information stated above may not be reflective of the entire valuation of all parcels and may not
include all classifications of property.
14
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 41
DEBT
DIRECT DEBT1
General Obligation Debt (see schedules following)
Total G.O. debt secured by housing improvement area fees $5,405,000
Total G.O. debt secured by housing revenues 1,045,000
Total G.O. debt secured by tax abatement revenues 12,460,000
Total G.O. debt secured by taxes (includes the City Project Portion of the Bonds)* 40,705,000
Total G.O. debt secured by utility revenues
(includes the Utility Revenue Portion of the Bonds)*22,295,000
Total General Obligation Debt*$81,910,000
*Preliminary, subject to change.
DEBT PAYMENT HISTORY
The City has no record of default in the payment of principal and interest on its debt.
FUTURE FINANCING
The City anticipates issuing general obligation bonds for capital projects in the next 12 months. The City also
anticipates issuing conduit debt for development projects, and the timing of this issuance and project is estimated for
2027; however, the size and scope of these projects is not yet known.
1 Outstanding debt is as of the dated date of the Bonds.
15
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 42
DEBT LIMIT
The statutory limit on net debt of Minnesota municipalities other than school districts or cities of the first class
(Minnesota Statutes, Section 475.53, subd. 1) is 3% of the Assessor's Estimated Market Value of all taxable property
within its boundaries. "Net debt" means the amount remaining after deducting from gross debt the amount of current
revenues which are applicable within the current fiscal year to the payment of any debt and the aggregate principal
of certain obligations enumerated under Minnesota Statutes, Section 475.51, subd. 4, including the following: (1)
obligations issued for improvements payable wholly or partly from special assessments levied against benefitted
property; (2) warrants or orders having no definite or fixed maturity; (3) obligations payable wholly from the income
of revenue producing conveniences (includes the Utility Revenue Portion of the Bonds); (4) obligations issued to
create or maintain a permanent improvement revolving fund; (5) obligations issued to finance any revenue producing
public convenience; (6) funds held as sinking funds for payment of principal and interest on debt other than those
deductible under Minnesota Statutes, Section 475.51, subd. 4; (7) obligations to repay energy conservation investment
loans under Minnesota Statutes, Section 216C.37; (8) obligations issued to pay certain postemployment benefit
liabilities; (9) obligations issued to pay certain judgments against the City; and (10) all other obligations which are
not to be included in computing the net debt of a municipality under the provisions of the law authorizing their
issuance.
2025/26 Assessor's Estimated Market Value $9,980,428,200
Multiply by 3%0.03
Statutory Debt Limit $299,412,846
Less: Long-Term Debt Outstanding Being Paid Solely from Taxes
(includes the City Project Portion of the Bonds)*(40,705,000)
Unused Debt Limit*$258,707,846
*Preliminary, subject to change.
16
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 43
City of St. Louis Park, Minnesota
Schedule of Bonded Indebtedness
General Obligation Debt Secured by Housing Improvement Area Fees
(As of 07/28/2026)
Dated
Amount
Maturity
Calendar
Year Ending Principal Interest Principal Interest Principal Interest Total Principal Total Interest Total P & I
Principal
Outstanding % Paid
Calendar
Year
Ending
2026 0 9,771 0 4,368 0 89,464 0 103,603 103,603 5,405,000 .00%2026
2027 70,000 18,458 285,000 5,743 190,000 174,653 545,000 198,853 743,853 4,860,000 10.08%2027
2028 70,000 16,183 125,000 1,375 200,000 165,878 395,000 183,435 578,435 4,465,000 17.39%2028
2029 75,000 13,718 205,000 157,790 280,000 171,508 451,508 4,185,000 22.57%2029
2030 75,000 11,036 215,000 150,440 290,000 161,476 451,476 3,895,000 27.94%2030
2031 80,000 8,130 220,000 142,773 300,000 150,903 450,903 3,595,000 33.49%2031
2032 85,000 4,973 230,000 134,728 315,000 139,700 454,700 3,280,000 39.32%2032
2033 85,000 1,658 235,000 126,123 320,000 127,780 447,780 2,960,000 45.24%2033
2034 245,000 117,003 245,000 117,003 362,003 2,715,000 49.77%2034
2035 255,000 107,248 255,000 107,248 362,248 2,460,000 54.49%2035
2036 265,000 96,848 265,000 96,848 361,848 2,195,000 59.39%2036
2037 275,000 85,979 275,000 85,979 360,979 1,920,000 64.48%2037
2038 290,000 74,538 290,000 74,538 364,538 1,630,000 69.84%2038
2039 300,000 62,440 300,000 62,440 362,440 1,330,000 75.39%2039
2040 310,000 49,783 310,000 49,783 359,783 1,020,000 81.13%2040
2041 325,000 36,444 325,000 36,444 361,444 695,000 87.14%2041
2042 340,000 22,313 340,000 22,313 362,313 355,000 93.43%2042
2043 355,000 7,544 355,000 7,544 362,544 0 100.00%2043
540,000 83,925 410,000 11,485 4,455,000 1,801,983 5,405,000 1,897,393 7,302,393
Taxable Housing
Improvement Area Bonds
Series 2022B
09/07/2022
$4,900,000
02/01
Taxable Housing
Imp. Area Ref. Bonds
Series 2019C
11/26/2019
$2,200,000
02/01
Taxable Housing
Improvement Area Bonds
Series 2012A
10/17/2012
$1,290,000
02/01
17
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 44
City of St. Louis Park, Minnesota
Schedule of Bonded Indebtedness
General Obligation Debt Secured by Housing Revenues
(As of 07/28/2026)
Dated
Amount
Maturity
Calendar
Year Ending Principal Interest Total Principal Total Interest Total P & I
Principal
Outstanding % Paid
Calendar
Year
Ending
2026 0 20,771 0 20,771 20,771 1,045,000 .00%2026
2027 80,000 39,941 80,000 39,941 119,941 965,000 7.66%2027
2028 80,000 36,741 80,000 36,741 116,741 885,000 15.31%2028
2029 85,000 33,441 85,000 33,441 118,441 800,000 23.44%2029
2030 85,000 30,126 85,000 30,126 115,126 715,000 31.58%2030
2031 90,000 26,801 90,000 26,801 116,801 625,000 40.19%2031
2032 95,000 23,286 95,000 23,286 118,286 530,000 49.28%2032
2033 100,000 19,481 100,000 19,481 119,481 430,000 58.85%2033
2034 100,000 15,481 100,000 15,481 115,481 330,000 68.42%2034
2035 105,000 11,381 105,000 11,381 116,381 225,000 78.47%2035
2036 110,000 7,013 110,000 7,013 117,013 115,000 89.00%2036
2037 115,000 2,372 115,000 2,372 117,372 0 100.00%2037
1,045,000 266,836 1,045,000 266,836 1,311,836
Refunding Bonds
Series 2022A
06/21/2022
$1,345,000
02/01
18
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 45
City of St. Louis Park, Minnesota
Schedule of Bonded Indebtedness
General Obligation Debt Secured by Tax Abatement Revenues
(As of 07/28/2026)
Dated
Amount
Maturity
Calendar
Year Ending Principal Interest Total Principal Total Interest Total P & I
Principal
Outstanding % Paid
Calendar
Year
Ending
2026 0 189,866 0 189,866 189,866 12,460,000 .00%2026
2027 190,000 375,931 190,000 375,931 565,931 12,270,000 1.52%2027
2028 1,370,000 344,731 1,370,000 344,731 1,714,731 10,900,000 12.52%2028
2029 1,425,000 295,956 1,425,000 295,956 1,720,956 9,475,000 23.96%2029
2030 1,470,000 252,531 1,470,000 252,531 1,722,531 8,005,000 35.75%2030
2031 1,515,000 209,650 1,515,000 209,650 1,724,650 6,490,000 47.91%2031
2032 1,555,000 167,438 1,555,000 167,438 1,722,438 4,935,000 60.39%2032
2033 1,595,000 123,128 1,595,000 123,128 1,718,128 3,340,000 73.19%2033
2034 1,645,000 75,525 1,645,000 75,525 1,720,525 1,695,000 86.40%2034
2035 1,695,000 25,425 1,695,000 25,425 1,720,425 0 100.00%2035
12,460,000 2,060,181 12,460,000 2,060,181 14,520,181
1) This represents the $12,460,000 Tax Abatement portion of the $22,220,000 General Obligation Bonds, Series 2019A.
Tax Abatement Bonds 1)
Series 2019A
04/10/2019
$12,460,000
02/01
19
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 46
City of St. Louis Park, Minnesota
Schedule of Bonded Indebtedness
General Obligation Debt Secured by Taxes
(As of 07/28/2026)
Dated
Amount
Maturity
Calendar
Year Ending Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest
2026 0 9,384 0 8,369 0 10,350 0 91,125 0 85,050
2027 1,155,000 9,384 380,000 12,700 225,000 17,325 865,000 164,950 645,000 153,975
2028 385,000 4,331 230,000 10,500 895,000 129,750 675,000 120,975
2029 235,000 3,525 935,000 97,825 705,000 86,475
2030 965,000 69,325 745,000 57,675
2031 360,000 49,900 765,000 35,025
2032 370,000 39,863 785,000 11,775
2033 380,000 29,313
2034 390,000 18,000
2035 405,000 6,075
2036
2037
2038
2039
2040
2041
2042
1,155,000 18,769 765,000 25,400 690,000 41,700 5,565,000 696,125 4,320,000 550,950
1) This represents the $3,430,000 City Charter portion of the $9,900,000 General Obligation Bonds Series 2017A.
2) This represents the $2,020,000 City Charter portion of the $8,800,000 General Obligation Bonds, Series 2018A.
3) This represents the $9,760,000 City Charter portion of the $22,220,000 General Obligation Bonds, Series 2019A.
4) This represents the $7,585,000 Refunding portion of the $15,105,000 General Obligation Bonds, Series 2019B.
--Continued on next page
Refunding Bonds 4)
Series 2019B
11/26/2019
$7,585,000
02/01
G.O. Bonds 3)
Series 2019A
04/10/2019
$9,760,000
02/01
G.O. Bonds 2)
Series 2018A
06/14/2018
$2,020,000
02/01
G.O. Bonds 1)
Series 2017A
07/13/2017
$3,430,000
02/01
G.O. Bonds
Series 2016A
07/14/2016
$10,000,000
02/01
20
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 47
City of St. Louis Park, Minnesota
Schedule of Bonded Indebtedness continued
General Obligation Debt Secured by Taxes
(As of 07/28/2026)
Dated
Amount
Maturity
Calendar
Year Ending Principal Interest Principal Interest Principal Interest Principal
Estimated
Interest Total Principal Total Interest Total P & I
Principal
Outstanding % Paid
Calendar
Year
Ending
2026 0 112,475 0 82,834 0 67,975 0 0 0 467,562 467,562 40,705,000 .00%
2026
2027 590,000 213,150 915,000 156,518 265,000 129,325 0 262,406 5,040,000 1,119,733 6,159,733 35,665,000 12.38%
2027
2028 615,000 189,050 935,000 138,018 285,000 115,575 275,000 255,975 4,295,000 964,174 5,259,174 31,370,000 22.93%
2028
2029 645,000 163,850 955,000 119,118 300,000 100,950 420,000 245,098 4,195,000 816,840 5,011,840 27,175,000 33.24%
2029
2030 670,000 137,550 975,000 99,818 315,000 85,575 435,000 231,631 4,105,000 681,574 4,786,574 23,070,000 43.32%
2030
2031 695,000 113,725 995,000 84,346 135,000 74,325 450,000 217,468 3,400,000 574,789 3,974,789 19,670,000 51.68%
2031
2032 715,000 96,150 1,005,000 72,344 145,000 67,325 460,000 202,565 3,480,000 490,021 3,970,021 16,190,000 60.23%
2032
2033 405,000 84,950 875,000 60,156 150,000 59,950 480,000 186,935 2,290,000 421,304 2,711,304 13,900,000 65.85%
2033
2034 410,000 76,800 575,000 49,938 160,000 52,200 490,000 170,565 2,025,000 367,503 2,392,503 11,875,000 70.83%
2034
2035 420,000 68,500 580,000 40,913 165,000 44,075 515,000 153,351 2,085,000 312,914 2,397,914 9,790,000 75.95%
2035
2036 430,000 60,000 590,000 30,300 175,000 35,575 530,000 135,060 1,725,000 260,935 1,985,935 8,065,000 80.19%
2036
2037 435,000 51,350 605,000 18,350 185,000 27,500 545,000 115,706 1,770,000 212,906 1,982,906 6,295,000 84.54%
2037
2038 445,000 42,550 615,000 6,150 190,000 20,000 510,000 96,325 1,760,000 165,025 1,925,025 4,535,000 88.86%
2038
2039 455,000 33,550 200,000 12,200 535,000 76,859 1,190,000 122,609 1,312,609 3,345,000 91.78%
2039
2040 465,000 24,350 205,000 4,100 550,000 56,378 1,220,000 84,828 1,304,828 2,125,000 94.78%
2040
2041 475,000 14,950 575,000 34,715 1,050,000 49,665 1,099,665 1,075,000 97.36%
2041
2042 480,000 5,100 595,000 11,751 1,075,000 16,851 1,091,851 0 100.00%
2042
8,350,000 1,488,050 9,620,000 958,800 2,875,000 896,650 7,365,000 2,452,787 40,705,000 7,129,231 47,834,231
* Preliminary, subject to change.
5) This represents the $10,505,000 Levy portion of the $15,540,000 General Obligation Bonds, Series 2020A.
6) This represents the $7,365,000 City Projects Portion of the $9,930,000 General Obligation Bonds, Series 2026A.
G.O. Bonds 6)
Series 2026A
07/28/2026
$7,365,000*
02/01
G.O. Bonds
Series 2024A
06/25/2024
$3,050,000
02/01
G.O. Bonds
Series 2021A
04/15/2021
$12,385,000
02/01
G.O. Bonds 5)
Series 2020A
11/10/2020
$10,505,000
02/01
21
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 48
City of St. Louis Park, Minnesota
Schedule of Bonded Indebtedness
General Obligation Debt Secured by Utility Revenues
(As of 07/28/2026)
Dated
Amount
Maturity
Calendar
Year Ending Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest
2026 0 34,013 0 53,550 0 77,075 0 51,875 0 110,900
2027 340,000 64,413 465,000 100,125 800,000 134,150 315,000 97,450 305,000 215,700
2028 350,000 56,863 475,000 86,025 845,000 93,025 325,000 84,650 315,000 203,300
2029 360,000 48,425 500,000 71,400 880,000 49,900 340,000 71,350 325,000 190,500
2030 365,000 39,363 510,000 56,250 930,000 13,950 355,000 57,450 340,000 177,200
2031 375,000 29,175 525,000 40,725 365,000 44,875 355,000 163,300
2032 390,000 17,700 540,000 24,750 380,000 35,600 370,000 148,800
2033 395,000 5,925 555,000 8,325 385,000 27,950 385,000 133,700
2034 395,000 20,150 400,000 118,000
2035 400,000 12,200 415,000 101,700
2036 410,000 4,100 430,000 84,800
2037 450,000 67,200
2038 465,000 48,900
2039 485,000 29,900
2040 505,000 10,100
2,575,000 295,875 3,570,000 441,150 3,455,000 368,100 3,670,000 507,650 5,545,000 1,804,000
1) This represents the $6,470,000 Utility & Refunding portions of the $9,900,000 General Obligation Bonds Series 2017A.
2) This represents the $6,780,000 Utility Revenue portion of the $8,800,000 General Obligation Bonds, Series 2018A.
3) This represents the $7,520,000 Utility Revenue portion of the $15,105,000 General Obligation Bonds, Series 2019B.
4) This represents the $5,035,000 Utility Revenue portion of the $15,540,000 General Obligation Bonds, Series 2020A.
--Continued on next page
Utility Revenue Bonds
Series 2024B
09/12/2024
$5,750,000
02/01
Utility Revenue Bonds 4)
Series 2020A
11/10/2020
$5,035,000
02/01
Utility Revenue Bonds 3)
Series 2019B
11/26/2019
$7,520,000
02/01
Utility Revenue Bonds 2)
Series 2018A
06/14/2018
$6,780,000
02/01
Utility & Refunding Bonds 1)
Series 2017A
07/13/2017
$6,470,000
02/01
22
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 49
City of St. Louis Park, Minnesota
Schedule of Bonded Indebtedness continued
General Obligation Debt Secured by Utility Revenues
(As of 07/28/2026)
Dated
Amount
Maturity
Calendar
Year Ending Principal Interest Principal
Estimated
Interest Total Principal Total Interest Total P & I
Principal
Outstanding % Paid
Calendar
Year
Ending
2026 0 41,503 0 0 0 368,915 368,915 22,295,000 .00%
2026
2027 55,000 43,225 0 86,767 2,280,000 741,830 3,021,830 20,015,000 10.23%
2027
2028 80,000 39,850 185,000 83,183 2,575,000 646,895 3,221,895 17,440,000 21.78%
2028
2029 80,000 35,850 230,000 76,693 2,715,000 544,118 3,259,118 14,725,000 33.95%
2029
2030 85,000 31,725 240,000 69,290 2,825,000 445,228 3,270,228 11,900,000 46.62%
2030
2031 90,000 27,350 245,000 61,529 1,955,000 366,954 2,321,954 9,945,000 55.39%
2031
2032 95,000 22,725 255,000 53,340 2,030,000 302,915 2,332,915 7,915,000 64.50%
2032
2033 100,000 17,850 265,000 44,694 2,085,000 238,444 2,323,444 5,830,000 73.85%
2033
2034 105,000 12,725 275,000 35,580 1,175,000 186,455 1,361,455 4,655,000 79.12%
2034
2035 110,000 7,350 280,000 26,075 1,205,000 147,325 1,352,325 3,450,000 84.53%
2035
2036 115,000 2,300 290,000 16,098 1,245,000 107,298 1,352,298 2,205,000 90.11%
2036
2037 300,000 5,475 750,000 72,675 822,675 1,455,000 93.47%
2037
2038 465,000 48,900 513,900 990,000 95.56%
2038
2039 485,000 29,900 514,900 505,000 97.73%
2039
2040 505,000 10,100 515,100 0 100.00%
2040
915,000 282,453 2,565,000 558,722 22,295,000 4,257,950 26,552,950
* Preliminary, subject to change.
5) This represents the $2,565,000 Utility Revenue Portion of the $9,930,000 General Obligation Bonds, Series 2026A.
Utility Revenue Bonds 5)
Series 2026A
07/28/2026
$2,565,000*
02/01
Utility Revenue Bonds
Series 2025A
08/26/2025
$915,000
02/01
23
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 50
OVERLAPPING DEBT1
Taxing District
2025/26
Adjusted
Taxable Net
Tax Capacity
% In
City
Total
G.O. Debt2
City's
Proportionate
Share
Hennepin County $2,885,601,120 3.6065% $1,222,750,000
3
$44,098,479
I.S.D. No. 270 (Hopkins Public Schools)178,327,306 2.5568% 202,225,000
4
5,170,489
I.S.D. No. 273 (Edina Public Schools)163,033,280 0.0605% 155,870,000
4
94,301
I.S.D. No. 283
(St. Louis Park Public Schools)100,014,144 99.3981% 223,545,000
4
222,199,483
Metropolitan Council 6,503,726,905 1.6002% 261,560,000
5
4,185,483
Three Rivers Park District 2,121,317,192 4.9059% 53,165,000 2,608,222
City's Share of Total Overlapping Debt $278,356,456
1 Overlapping debt is as of the dated date of the Bonds. Only those taxing jurisdictions with general obligation debt
outstanding are included in this section. It does not include non-general obligation debt, self-supporting general
obligation revenue debt, short-term general obligation debt, or general obligation tax/aid anticipation certificates
of indebtedness.
2 Outstanding debt is based on information in Official Statements obtained on EMMA and the Municipal Advisor's
records.
3 Hennepin County also has General Obligation Sales Tax Revenue Bonds (Ballpark Project) outstanding which
are payable entirely from the proceeds of a dedicated 0.15% county-wide sales tax; and General Obligation Sales
Tax Revenue Bonds (Transportation Sales Tax) which are expected to be paid from a 0.50% sales and use tax and
a $20 per vehicle excise taxes. These issues have not been included in the overlapping debt or debt ratios.
4 Minnesota School Districts may qualify for aid from the State of Minnesota through the Debt Service Equalization
Formula, School Building Bond Agricultural Credit and Long Term Facilities Maintenance Revenue programs.
While some of the districts listed may receive these aids, Ehlers has not attempted to estimate the portion of debt
service payments that would be financed by State aids for the purposes of the Bonds.
5 The above debt includes all outstanding general obligation debt supported by taxes of the Metropolitan Council.
The Council also has general obligation wastewater revenue, grant anticipation notes and certificates of
participation outstanding all of which are supported entirely by revenues and have not been included in the
overlapping debt or debt ratios sections.
24
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 51
DEBT RATIOS
G.O. Debt
Debt/Economic
Market Value
$10,457,953,994
Debt/
Per Capita
50,3511
Direct G.O. Debt Secured By:
Housing Improvement Area Fees $5,405,000
Housing Revenues 1,045,000
Tax Abatement Revenues 12,460,000
Taxes*40,705,000
Utility Revenues*22,295,000
Total General Obligation Debt*$81,910,000
Less: G.O. Debt Paid Entirely from Revenues2 (28,745,000)
Tax Supported General Obligation Debt*$53,165,000 0.51% $1,055.89
City's Share of Total Overlapping Debt $278,356,456 2.66% $5,528.32
Total*$331,521,456 3.17% $6,584.21
*Preliminary, subject to change.
1 Preliminary estimated 2025 population.
2 Debt service on the City's general obligation revenue debt is being paid entirely from revenues and therefore is
considered self-supporting debt.
25
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 52
TAX LEVIES, COLLECTIONS AND RATES
TAX LEVIES AND COLLECTIONS
Tax Year Net Tax
Levy1
Total Collected
Following Year
Collected
to Date % Collected
2021/22 $40,234,506 $39,908,823 $40,195,469 99.90%
2022/23 42,922,848 42,662,701 42,868,913 99.87%
2023/24 45,609,226 45,372,194 45,530,765 99.83%
2024/25 48,869,493 48,692,722 48,692,722 99.64%
2025/26 53,725,895 In process of collection
Property taxes are collected in two installments in Minnesota--the first by May 15 and the second by October 15.2
Mobile home taxes are collectible in full by August 31. Minnesota Statutes require that levies (taxes and special
assessments) for debt service be at least 105% of the actual debt service requirements to allow for delinquencies.
1 This reflects the Final Levy Certification of the City after all adjustments have been made.
2 Second half tax payments on agricultural property are due on November 15 of each year.
26
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 53
TAX CAPACITY RATES1
2021/22 2022/23 2023/24 2024/25 2025/26
Hennepin County 38.535% 34.542% 34.681% 37.081% 39.242%
City of St. Louis Park 46.424% 44.491% 45.915% 49.989% 51.751%
I.S.D. No. 270 (Hopkins Public Schools)26.783% 25.006% 26.913% 25.439% 26.775%
I.S.D. No. 273 (Edina Public Schools)29.975% 28.093% 28.248% 29.110% 30.273%
I.S.D. No. 283 (St. Louis Park Public Schools) 24.913% 30.545% 29.269% 30.744% 30.309%
Hennepin County HRA 0.771% 0.663% 0.624% 0.797% 0.768%
Hennepin County RRA 1.329% 1.188% 1.153% 1.205% 1.177%
Metropolitan Council 0.659% 0.576% 0.614% 0.567% 0.598%
Metropolitan Mosquito 0.377% 0.331% 0.312% 0.328% 0.333%
Metropolitan Transit 1.204% 1.066% 0.927% 1.134% 0.987%
Park Museum 0.722% 0.647% 0.694% 0.744% 0.731%
Three Rivers Park District 2.787% 2.473% 2.399% 2.471% 2.529%
Referendum Market Value Rates:
I.S.D. No. 270 (Hopkins Public Schools)0.14030% 0.14957% 0.13812% 0.14125% 0.15088%
I.S.D. No. 273 (Edina Public Schools)0.21895% 0.22168% 0.20533% 0.20146% 0.20252%
I.S.D. No. 283 (St. Louis Park Public Schools) 0.14838% 0.15920% 0.15544% 0.14148% 0.13964%
Source: Tax Levies and Collections and Tax Capacity Rates have been furnished by Hennepin County.
THE ISSUER
CITY GOVERNMENT
The City was organized as a municipality in 1886. The City operates under a home rule charter form of government
consisting of a seven-member City Council of which the Mayor is a voting member. The City Manager, Finance
Director and City Clerk are responsible for administrative details and financial records.
1 After reduction for State aids. Does not include the statewide general property tax against commercial/industrial,
non-homestead resorts and seasonal recreational residential property.
27
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 54
EMPLOYEES; PENSIONS; UNIONS
The City currently has 299 full-time, 64 part-time, and 40 seasonal employees. All full-time and certain part-time
employees of the City are covered by defined benefit pension plans administered by the Public Employee Retirement
Association of Minnesota (PERA). PERA administers the General Employees Retirement Fund (GERF) and the
Public Employees Police and Fire Fund (PEPFF) which are cost-sharing multiple-employer retirement plans. PERA
members belong to either the Coordinated Plan or the Basic Plan. Coordinated members are covered by Social
Security. See the Notes to Financial Statements in Appendix A for a detailed description of the Plans.
Recognized and Certified Bargaining Units
Bargaining Unit Expiration Date of
Current Contract
IUOE Local 49 December 31, 2028
LELS Local 206 - Police December 31, 2028
LELS Local 2018 - Police Sergeants December 31, 2027
LELS Local 220 - Public Safety Dispatchers December 31, 2026
IAFF Local 993 - Fire December 31, 2028
LELS Local 482 - Police Lieutenants December 31, 2028
POST EMPLOYMENT BENEFITS
The City has obligations for some post-employment benefits for its employees. Accounting for these obligations is
dictated by Governmental Accounting Standards Board Statement No. 75 (GASB 75). The City's most recent Annual
Comprehensive Financial Report (Audit) shows a total OPEB liability of $7,507,643 as of December 31, 2025. The
City has been funding these obligations on a pay-as-you-go basis.
Source: The City's most recent Audit.
LITIGATION
There is no litigation threatened or pending questioning the organization or boundaries of the City or the right of any
of its officers to their respective offices or in any manner questioning their rights and power to execute and deliver
the Bonds or otherwise questioning the validity of the Bonds.
MUNICIPAL BANKRUPTCY
Municipalities are prohibited from filing for bankruptcy under Chapter 11 (reorganization) or Chapter 7 (liquidation)
of the U.S. Bankruptcy Code (11 U.S.C. §§ 101-1532) (the "Bankruptcy Code"). Instead, the Bankruptcy Code
permits municipalities to file a petition under Chapter 9 of the Bankruptcy Code, but only if certain requirements are
met. These requirements include that the municipality must be "specifically authorized" under State law to file for
relief under Chapter 9. For these purposes, "State law" may include, without limitation, statutes of general
applicability enacted by the State legislature, special legislation applicable to a particular municipality, and/or
executive orders issued by an appropriate officer of the State's executive branch.
28
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 55
As of the date hereof, Minnesota Statutes, Section 471.831, as amended, authorizes municipalities to file for
bankruptcy relief under Chapter 9 of the Bankruptcy Code. A municipality is defined in United States Code, title 11,
section 101, as amended through December 31, 1996, but limited to a county, statutory or home rule charter city, or
town; or a housing and redevelopment authority, economic development authority, or rural development financing
authority established under Chapter 469, a home rule charter or special law.
FUNDS ON HAND (as of December 31, 2025)
Fund Total Cash
and Investments
General $33,457,705
Special Revenue 18,246,296
Debt Service 9,288,526
EDA/Redevelopment District 24,065,036
Capital Projects 4,487,422
Enterprise Funds 19,907,759
Internal Service 5,987,569
Total Funds on Hand $115,440,313
29
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 56
ENTERPRISE FUNDS
Revenues available for debt service on the City's enterprise funds have been as follows as of December 31 each year:
2023
Audited
2024
Audited
2025
Audited
Water
Total Operating Revenues $9,045,322 $8,709,379 $9,581,479
Less: Operating Expenses (6,354,959)(5,570,879) (5,946,837)
Operating Income $2,690,363 $3,138,500 $3,634,642
Plus: Depreciation 1,010,059 1,121,101 1,183,402
Revenues Available for Debt Service $3,700,422 $4,259,601 $4,818,044
Sewer
Total Operating Revenues $8,957,027 $9,308,774 $10,316,945
Less: Operating Expenses (6,277,740)(7,602,169) (7,529,390)
Operating Income $2,679,287 $1,706,605 $2,787,555
Plus: Depreciation 211,130 242,460 253,593
Revenues Available for Debt Service $2,890,417 $1,949,065 $3,041,148
Storm Water
Total Operating Revenues $3,710,665 $3,817,281 $4,121,198
Less: Operating Expenses (1,995,619)(2,290,598) (2,369,113)
Operating Income $1,715,046 $1,526,683 $1,752,085
Plus: Depreciation 760,737 823,519 855,165
Revenues Available for Debt Service $2,475,783 $2,350,202 $2,607,250
Solid Waste1
Total Operating Revenues $4,420,169 $6,205,281 $6,799,987
Less: Operating Expenses (4,440,629)(6,537,988) (6,914,329)
Operating Income ($20,460)($332,707)($114,342)
Plus: Depreciation 0 0 0
Revenues Available for Debt Service ($20,460)($332,707)($114,342)
1 Beginning in Fiscal Year 2019, the Solid Waste fund was reclassified as a non-major enterprise fund.
30
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 57
SUMMARY GENERAL FUND INFORMATION
COMBINED STATEMENT 2021
Audited
2022
Audited
2023
Audited
2024
Audited
2025
Audited
Revenues
Property taxes $29,469,243 $31,150,197 $32,037,360 $33,978,736 $38,476,376
Abatement of property taxes (44,200)0000
Licenses and permits 4,997,981 7,282,483 5,164,020 4,662,869 5,960,760
Intergovernmental 1,773,951 1,934,379 4,811,448 4,885,116 4,810,091
Charges for services 3,729,289 4,524,857 4,308,479 3,154,002 3,330,269
Fine and forfeits 150,964 175,090 179,508 14,261 24,561
Interest income (loss) (314,346) (234,741) 725,857 999,944 1,276,248
Miscellaneous 645,531 1,228,904 700,963 758,788 1,137,130
Total Revenues $40,408,413 $46,061,169 $47,927,635 $48,453,716 $55,015,435
Expenditures
General government $9,458,536 $9,365,669 $10,427,128 $11,230,640 $13,169,820
Public safety 18,907,816 20,245,105 21,642,315 23,270,033 24,408,209
Operations 5,112,302 5,906,754 6,043,095 5,486,786 5,884,942
Non-department internal charges 0 0 0 1,021,337 1,021,337
Parks and recreation 6,636,383 7,982,218 8,656,422 9,196,252 8,933,616
Miscellaneous 482,494 585,774 831,287 618,487 820,775
Capital outlay 0 48,679 55,604 949,453 1,825,139
Total Expenditures $40,597,531 $44,134,199 $47,655,851 $51,772,988 $56,063,838
Excess of revenues over (under) expenditures ($189,118) $1,926,970 $271,784 ($3,319,272) ($1,048,403)
Other Financing Sources (Uses)
Proceeds from sale of capital assets $4,401 $0 $0 $0 $0
Transfers in 2,054,819 2,207,338 2,865,766 6,509,854 6,188,023
Transfers (out) (4,878,845) (2,288,000) (800,000) (2,562,114) (3,900,209)
Total Other Financing Sources (Uses)($2,819,625) ($80,662) $2,065,766 $3,947,740 $2,287,814
($3,008,743) $1,846,308 $2,337,550 $628,468 $1,239,411
General Fund Balance January 1 $26,824,099 $23,815,356 $25,661,664 $27,999,214 $28,627,682
Prior Period Adjustment 00000
General Fund Balance December 31 $23,815,356 $25,661,664 $27,999,214 $28,627,682 $29,867,093
DETAILS OF DECEMBER 31 FUND BALANCE
Nonspendable $517,589 $324,139 $445,964 $650,292 319,229
Restricted 94,311 87,357 2,409,288 1,525,482 156,689
Assigned 1,275,140 1,304,322 700,000 1,714,823 896,547
Unassigned 21,928,316 23,945,846 24,443,962 24,737,085 28,494,628
Total $23,815,356 $25,661,664 $27,999,214 $28,627,682 $29,867,093
Net changes in Fund Balances
FISCAL YEAR ENDING DECEMBER 31
The following are summaries of the revenues, expenditures and fund balances for the City's General Fund. These summaries are not
purported to be the complete audited financial statements of the City, and potential purchasers should read the included financial
statements in their entirety for more complete information concerning the City. Copies of the complete statements are available upon
request. Appendix A includes the 2025 audited financial statements.
31
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 58
GENERAL FUND BUDGET SUMMARY
COMBINED STATEMENT 2026
Adopted
Budget1
Revenues
Property taxes $46,962,146
Licenses and permits 4,783,658
Intergovernmental 3,871,954
Charges for services 3,542,943
Fine and forfeits 300
Interest income 500,000
Miscellaneous 623,155
Total Revenues $60,284,156
Expenditures
General government $13,203,450
Public safety 25,489,352
Operations 6,172,385
Non-department internal charges 7,526,219
Parks and recreation 9,302,549
Miscellaneous 1,472,441
Total Expenditures $63,166,396
Excess of revenues over (under) expenditures ($2,882,240)
Other Financing Sources (Uses)
Transfers in $2,737,240
Transfers (out)(155,000)
Total Other Financing Sources (Uses)$2,582,240
($300,000)
General Fund Balance January 1 $28,030,625
Prior Period Adjustment 0
General Fund Balance December 31 $27,730,625
1 The 2026 budget was adopted on December 15, 2025.
Net changes in Fund Balances
FISCAL YEAR ENDING DECEMBER 31
32
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 59
GENERAL INFORMATION
LOCATION
The City, with a 2020 U.S. Census population of 50,010 and a 2025 population estimate of 50,351, and comprising
an area of 10.7 square miles, is located immediately west of Minneapolis, Minnesota.
LARGER EMPLOYERS1
Larger employers in the City include the following:
Firm Type of Business/Product Estimated No.
of Employees
Park Nicollet/Health Partners-Methodist Hospital Hospital and clinics 4,650
Wells Fargo Mortgage Financial services 1,100
I.S.D. No. 283 (St. Louis Park Public Schools) Elementary and secondary education 731
2
Japs-Olson Company Commercial printing and direct mail services 600
Target Retail and grocery store 405
The City Municipal government and services 403
Costco Wholesale Wholesale-general merchandise-retail 340
Sholom Home West Nursing home 301
Cub Foods Grocery 300
Life-Time Health Club 300
Source:Data Axle Reference Solutions, written and telephone survey, and the Minnesota Department of
Employment and Economic Development.
1 This does not purport to be a comprehensive list and is based on available data obtained through a survey of
individual employers, as well as the sources identified above.
2 Reflects employees of entire district, including those outside City limits.
33
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 60
BUILDING PERMITS (as of May 31, 2026)
2022 2023 2024 2025 2026
New Single Family Homes
No. of building permits 7 5 1 8 3
Valuation $3,843,500 $3,285,000 $452,886 $4,995,000 $1,834,072
New Multiple Family Buildings
No. of building permits 1 1 0 2 2
Valuation $54,505,485 $0 $0 $70,800,000 $78,826,525
New Commercial/Industrial
No. of building permits 7 7 0 3 0
Valuation $168,146,801 $24,482,837 $0 $27,295,491 $0
All Building Permits
(including additions and remodelings)
No. of building permits 2,937 2,384 3,061 2,215 727
Valuation $418,121,984 $209,415,153 $113,690,987 $107,597,309 $105,750,088
Source:The City.
U.S. CENSUS DATA
Population Trend: The City
2010 U.S. Census population 45,250
2020 U.S. Census population 50,010
Percent of Change 2010 - 2020 10.52%
2025 Metropolitan Council Preliminary
Population Estimate 50,351
34
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 61
Income and Age Statistics
The
City
Hennepin
County
State of
Minnesota
United
States
2024 per capita income $64,370 $59,401 $48,237 $44,673
2024 median household income $101,648 $97,653 $89,062 $80,734
2024 median family income $154,163 $134,878 $113,993 $99,999
2024 median gross rent $1,644 $1,487 $1,280 $1,413
2024 median value owner occupied units $386,800 $392,900 $329,300 $332,700
2024 median age 36.1 yrs. 37.6 yrs. 38.8 yrs. 38.9 yrs.
State of Minnesota United States
City % of 2024 per capita income 133.45%144.09%
City % of 2024 median family income 135.24%154.16%
Housing Statistics
The City
2020 2025 Percent of Change
All Housing Units 23,830 25,403 6.60%
Source:2010 and 2020 Census of Population and Housing, and 2024 American Community Survey (Based on a
five-year estimate), U.S. Census Bureau (https://data.census.gov), and 2025 Preliminary Population
Estimates, Metropolitan Council (https://metrocouncil.org/).
EMPLOYMENT/UNEMPLOYMENT DATA
Rates are not compiled for individual communities within counties.
Average Employment Average Unemployment
Year Hennepin County Hennepin County State of Minnesota
2022 692,966 2.2%2.5%
2023 696,639 2.5%2.8%
2024 696,890 2.9%3.1%
2025 699,971 3.6%3.9%
2026, May 690,492 4.0%4.0%
Source: Minnesota Department of Employment and Economic Development.
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APPENDIX A
FINANCIAL STATEMENTS
Potential purchasers should read the included financial statements in their entirety for more complete information
concerning the City's financial position. Such financial statements have been audited by the Auditor, to the extent and
for the periods indicated thereon. The City has not requested or engaged the Auditor to perform, and the Auditor has
not performed, any additional examination, assessments, procedures or evaluation with respect to such financial
statements since the date thereof or with respect to this Preliminary Official Statement, nor has the City requested that
the Auditor consent to the use of such financial statements in this Preliminary Official Statement. Although the
inclusion of the financial statements in this Preliminary Official Statement is not intended to demonstrate the fiscal
condition of the City since the date of the financial statements, in connection with the issuance of the Bonds, the City
represents that there have been no material adverse change in the financial position or results of operations of the City,
nor has the City incurred any material liabilities, which would make such financial statements misleading.
Copies of the complete audited financial statements for the past three years and the current budget are available upon
request from Ehlers.
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APPENDIX B
FORM OF LEGAL OPINION
(See following pages)
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Kutak Rock LLP
60 South Sixth Street, Suite 3400, Minneapolis, MN 55402-4018
office 612.334.5000
$__________
City of St. Louis Park, Minnesota
General Obligation Bonds
Series 2026A
We have acted as bond counsel to the City of St. Louis Park, Minnesota (the “Issuer”) in connection
with the issuance by the Issuer of its General Obligation Bonds, Series 2026A (the “Bonds”), originally
dated July 28, 2026, and issued in the original aggregate principal amount of $__________. In such
capacity and for the purpose of rendering this opinion we have examined certified copies of certain
proceedings, certifications and other documents, and applicable laws as we have deemed necessary.
Regarding questions of fact material to this opinion, we have relied on certified proceedings and other
certifications of public officials and other documents furnished to us without undertaking to verify the same
by independent investigation. Under existing laws, regulations, rulings and decisions in effect on the date
hereof, and based on the foregoing we are of the opinion that:
1.The Bonds have been duly authorized and executed, and are valid and binding general
obligations of the Issuer, enforceable in accordance with their terms.
2.The principal of and interest on the Bonds are payable in part from net revenues of the
water system of the Issuer and in part from ad valorem taxes, but if necessary for the payment thereof
additional ad valorem taxes are required by law to be levied on all taxable property of the Issuer, which
taxes are not subject to any limitation as to rate or amount.
3.Interest on the Bonds is excludable from gross income for federal income tax purposes and
is not an item of tax preference for purposes of the federal alternative minimum tax imposed on individuals.
Further, and to the extent of the aforementioned federal income tax exclusion, interest on the Bonds is
excludable from taxable net income of individuals, trusts, and estates for Minnesota income tax purposes,
and is not a preference item for purposes of the computation of the Minnesota alternative minimum tax
imposed on individuals, trusts, and estates. The opinions set forth in the preceding sentences are subject to
the condition that the Issuer comply with all requirements of the Internal Revenue Code of 1986 that must
be satisfied subsequent to the issuance of the Bonds in order that the interest thereon be, and continue to
be, excludable from gross income for federal income tax purposes and from taxable net income for
Minnesota income tax purposes. The Issuer has covenanted to comply with all such requirements. Failure
to comply with certain of such requirements may cause interest on the Bonds to be included in gross income
for federal income tax purposes and in taxable net income for Minnesota income tax purposes, retroactively
to the date of issuance of the Bonds. Interest on the Bonds may affect the federal alternative minimum tax
imposed on certain corporations and such interest is subject to Minnesota franchise taxes on certain
corporations (including financial institutions) measured by income. We express no opinion regarding tax
consequences arising with respect to the Bonds other than as expressly set forth herein.
4.The rights of the owners of the Bonds and the enforceability of the Bonds may be limited
by bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting creditors’ rights
generally and by equitable principles, whether considered at law or in equity.
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We have not been asked and have not undertaken to review the accuracy, completeness or
sufficiency of the Official Statement or other offering material relating to the Bonds, and accordingly we
express no opinion with respect thereto.
This opinion is given as of the date hereof and we assume no obligation to update, revise, or
supplement this opinion to reflect any facts or circumstances that may hereafter come to our attention or
any changes in law that may hereafter occur.
Dated July ___, 2026 at Minneapolis, Minnesota.
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APPENDIX C
BOOK-ENTRY-ONLY SYSTEM
1. The Depository Trust Company ("DTC"), New York, New York, will act as securities depository for the securities
(the "Securities"). The Securities will be issued as fully-registered securities registered in the name of Cede & Co.
(DTC's partnership nominee) or such other name as may be requested by an authorized representative of DTC.
One fully-registered Security certificate will be issued for [each issue of] the Securities, [each] in the aggregate
principal amount of such issue, and will be deposited with DTC. [If, however, the aggregate principal amount of
[any] issue exceeds $500 million, one certificate will be issued with respect to each $500 million of principal
amount, and an additional certificate will be issued with respect to any remaining principal amount of such issue.]
2. DTC, the world's largest securities depository, is a limited-purpose trust company organized under the New York
Banking Law, a "banking organization" within the meaning of the New York Banking Law, a member of the
Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code,
and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of
1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues,
corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC's
participants ("Direct Participants") deposit with DTC. DTC also facilitates the post-trade settlement among Direct
Participants of sales and other securities transactions in deposited securities, through electronic computerized
book-entry transfers and pledges between Direct Participants' accounts. This eliminates the need for physical
movement of securities certificates. Direct Participants include both U.S. and non-U.S. securities brokers and
dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned
subsidiary of The Depository Trust & Clearing Corporation ("DTCC"). DTCC is the holding company for DTC,
National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered
clearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also
available to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, and
clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either
directly or indirectly ("Indirect Participants"). DTC has a Standard & Poor's rating of AA+. The DTC Rules
applicable to its Participants are on file with the Securities and Exchange Commission. More information about
DTC can be found at www.dtcc.com.
3. Purchases of Securities under the DTC system must be made by or through Direct Participants, which will receive
a credit for the Securities on DTC's records. The ownership interest of each actual purchaser of each Security
("Beneficial Owner") is in turn to be recorded on the Direct and Indirect Participants' records. Beneficial Owners
will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to
receive written confirmations providing details of the transaction, as well as periodic statements of their holdings,
from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers
of ownership interests in the Securities are to be accomplished by entries made on the books of Direct and Indirect
Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing
their ownership interests in Securities, except in the event that use of the book-entry system for the Securities is
discontinued.
4. To facilitate subsequent transfers, all Securities deposited by Direct Participants with DTC are registered in the
name of DTC's partnership nominee, Cede & Co., or such other name as may be requested by an authorized
representative of DTC. The deposit of Securities with DTC and their registration in the name of Cede & Co. or
such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual
Beneficial Owners of the Securities; DTC's records reflect only the identity of the Direct Participants to whose
accounts such Securities are credited, which may or may not be the Beneficial Owners. The Direct and Indirect
Participants will remain responsible for keeping account of their holdings on behalf of their customers.
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5. Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect
Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by
arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to
time. [Beneficial Owners of Securities may wish to take certain steps to augment the transmission to them of
notices of significant events with respect to the Securities, such as redemptions, tenders, defaults, and proposed
amendments to the Security documents. For example, Beneficial Owners of Securities may wish to ascertain that
the nominee holding the Securities for their benefit has agreed to obtain and transmit notices to Beneficial Owners.
In the alternative, Beneficial Owners may wish to provide their names and addresses to the registrar and request
that copies of notices be provided directly to them.]
6. Redemption notices shall be sent to DTC. If less than all of the Securities within an issue are being redeemed,
DTC's practice is to determine by lot the amount of the interest of each Direct Participant in such issue to be
redeemed.
7. Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to Securities unless
authorized by a Direct Participant in accordance with DTC's MMI Procedures. Under its usual procedures, DTC
mails an Omnibus Proxy to City as soon as possible after the record date. The Omnibus Proxy assigns Cede &
Co.'s consenting or voting rights to those Direct Participants to whose accounts Securities are credited on the
record date (identified in a listing attached to the Omnibus Proxy).
8. Redemption proceeds, distributions, and dividend payments on the Securities will be made to Cede & Co., or such
other nominee as may be requested by an authorized representative of DTC. DTC's practice is to credit Direct
Participants' accounts upon DTC's receipt of funds and corresponding detail information from the City or Agent,
on payable date in accordance with their respective holdings shown on DTC's records. Payments by Participants
to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with
securities held for the accounts of customers in bearer form or registered in "street name," and will be the
responsibility of such Participant and not of DTC, Agent, or the City, subject to any statutory or regulatory
requirements as may be in effect from time to time. Payment of redemption proceeds, distributions, and dividend
payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is
the responsibility of the City or Agent, disbursement of such payments to Direct Participants will be the
responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of
Direct and Indirect Participants.
9. A Beneficial Owner shall give notice to elect to have its Securities purchased or tendered, through its Participant,
to [Tender/Remarketing] Agent, and shall effect delivery of such Securities by causing the Direct Participant to
transfer the Participant's interest in the Securities, on DTC's records, to [Tender/Remarketing] Agent. The
requirement for physical delivery of Securities in connection with an optional tender or a mandatory purchase will
be deemed satisfied when the ownership rights in the Securities are transferred by Direct Participants on DTC's
records and followed by a book-entry credit of tendered Securities to [Tender/Remarketing] Agent's DTC account.
10. DTC may discontinue providing its services as depository with respect to the Securities at any time by giving
reasonable notice to the City or Agent. Under such circumstances, in the event that a successor depository is not
obtained, Security certificates are required to be printed and delivered.
11. The City may decide to discontinue use of the system of book-entry-only transfers through DTC (or a successor
securities depository). In that event, Security certificates will be printed and delivered to DTC.
12. The information in this section concerning DTC and DTC's book-entry system has been obtained from sources
that the City believes to be reliable, but the City takes no responsibility for the accuracy thereof.
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APPENDIX D
FORM OF CONTINUING DISCLOSURE CERTIFICATE
(See following pages)
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$__________
City of St. Louis Park, Minnesota
General Obligation Bonds
Series 2026A
CONTINUING DISCLOSURE CERTIFICATE
July ___, 2026
This Continuing Disclosure Certificate (the “Disclosure Certificate”) is executed and delivered by the
City of St. Louis Park, Minnesota (the “Issuer”) in connection with the issuance of its General Obligation
Bonds, Series 2026A (the “Bonds”), in the original aggregate principal amount of $___________. The
Bonds are being issued pursuant to resolutions adopted by the City Council of the Issuer (the “Resolutions”).
The Bonds are being delivered to _____________________________ (the “Purchaser”) on the date hereof.
Pursuant to the Resolutions, the Issuer has covenanted and agreed to provide continuing disclosure of certain
financial information and operating data and timely notices of the occurrence of certain events. The Issuer
hereby covenants and agrees as follows:
Section 1. Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed
and delivered by the Issuer for the benefit of the Holders (as defined herein) of the Bonds in order to provide
for the public availability of such information and assist the Participating Underwriter(s) (as defined herein)
in complying with the Rule (as defined herein). This Disclosure Certificate, together with the Resolutions,
constitutes the written agreement or contract for the benefit of the Holders of the Bonds that is required by the
Rule.
Section 2. Definitions. In addition to the defined terms set forth in the Resolutions, which
apply to any capitalized term used in this Disclosure Certificate unless otherwise defined in this Section, the
following capitalized terms shall have the following meanings:
“Annual Report” means any annual report provided by the Issuer pursuant to, and as described in,
Sections 3 and 4 of this Disclosure Certificate.
“Audited Financial Statements” means annual financial statements of the Issuer, prepared in
accordance with GAAP as prescribed by GASB.
“Bonds” means the General Obligation Bonds, Series 2026A, issued by the Issuer in the original
aggregate principal amount of $____________.
“Disclosure Certificate” means this Continuing Disclosure Certificate.
“EMMA” means the Electronic Municipal Market Access system operated by the MSRB and
designated as a nationally recognized municipal securities information repository and the exclusive portal for
complying with the continuing disclosure requirements of the Rule.
“Final Official Statement” means the deemed Final Official Statement, dated July ___, 2026, which
constitutes the final official statement delivered in connection with the Bonds, which is available from the
MSRB.
“Financial Obligation” means a (a) debt obligation; (b) derivative instrument entered into in
connection with, or pledged as security or a source of payment for, an existing or planned debt obligation;
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or (c) guarantee of a Financial Obligation as described in clause (a) or (b). The term “Financial
Obligation” shall not include municipal securities as to which a final official statement has been provided
to the MSRB consistent with the Rule.
“Fiscal Year” means the fiscal year of the Issuer.
“GAAP” means generally accepted accounting principles for governmental units as prescribed by
GASB.
“GASB” means the Governmental Accounting Standards Board.
“Holder” means the person in whose name a Bond is registered or a beneficial owner of such a Bond.
“Issuer” means the City of St. Louis Park, Minnesota, which is the obligated person with respect to
the Bonds.
“Material Event” means any of the events listed in Section 5(a) of this Disclosure Certificate.
“MSRB” means the Municipal Securities Rulemaking Board located at 1300 I Street NW,
Suite 1000, Washington, DC 20005.
“Participating Underwriter” means any of the original underwriter(s) of the Bonds (including the
Purchaser) required to comply with the Rule in connection with the offering of the Bonds.
“Purchaser” means _______________.
“Repository” means EMMA, or any successor thereto designated by the SEC.
“Rule” means SEC Rule 15c2-12(b)(5) promulgated by the SEC under the Securities Exchange Act
of 1934, as the same may be amended from time to time, and including written interpretations thereof by the
SEC.
“SEC” means Securities and Exchange Commission, and any successor thereto.
Section 3. Provision of Annual Financial Information and Audited Financial Statements.
(a)The Issuer shall provide to the Repository not later than twelve (12) months after the end of
the Fiscal Year commencing with the year that ends December 31, 2026, an Annual Report which is
consistent with the requirements of Section 4 of this Disclosure Certificate. The Annual Report may be
submitted as a single document or as separate documents comprising a package, and may cross-reference
other information as provided in Section 4 of this Disclosure Certificate; provided that the Audited Financial
Statements of the Issuer may be submitted separately from the balance of the Annual Report.
(b)If the Issuer is unable or fails to provide to the Repository an Annual Report by the date
required in subsection (a), the Issuer shall send a notice of that fact to the Repository and the MSRB.
(c)The Issuer shall determine each year prior to the date for providing the Annual Report the
name and address of each Repository.
Section 4. Content of Annual Reports. The Issuer’s Annual Report shall contain or incorporate
by reference the following sections of the Final Official Statement:
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1.Current Property Valuations
2.Direct Debt
3.Tax Levies and Collections
4.U.S. Census Data/Population Trend
5. Employment/Unemployment Data
In addition to the items listed above, the Annual Report shall include Audited Financial Statements
submitted in accordance with Section 3 of this Disclosure Certificate.
Any or all of the items listed above may be incorporated by reference from other documents,
including official statements of debt issues of the Issuer or related public entities, which have been submitted
to the Repository or the SEC. If the document incorporated by reference is a final official statement, it must
also be available from the MSRB. The Issuer shall clearly identify each such other document so incorporated
by reference.
Section 5. Reporting of Material Events.
(a)This Section 5 shall govern the giving of notice of the occurrence of any of the following
events (“Material Events”) with respect to the Bonds:
1.Principal and interest payment delinquencies;
2.Non-payment related defaults, if material;
3.Unscheduled draws on debt service reserves reflecting financial difficulties;
4.Unscheduled draws on credit enhancements reflecting financial difficulties;
5.Substitution of credit or liquidity providers, or their failure to perform;
6.Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final
determinations of taxability, Notices of Proposed Issue (IRS Form 5701–TEB), or other
material notices or determinations with respect to the tax status of the security, or other
material events affecting the tax status of the security;
7.Modifications to rights of security holders, if material;
8.Bond calls, if material, and tender offers;
9.Defeasances;
10.Release, substitution, or sale of property securing repayment of the securities, if material;
11.Rating changes;
12.Bankruptcy, insolvency, receivership or similar event of the obligated person;
13.The consummation of a merger, consolidation, or acquisition involving an obligated
person or the sale of all or substantially all of the assets of the obligated person, other
than in the ordinary course of business, the entry into a definitive agreement to undertake
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such an action or the termination of a definitive agreement relating to any such actions,
other than pursuant to its terms, if material;
14.Appointment of a successor or additional trustee or the change of name of a trustee, if
material;
15.Incurrence of a Financial Obligation of the obligated person, if material, or agreement to
covenants, events of default, remedies, priority rights, or other similar terms of a
Financial Obligation of the obligated person, any of which affect security holders, if
material; and
16.Default, event of acceleration, termination event, modification of terms, or other similar
events under the terms of a Financial Obligation of the obligated person, any of which
reflect financial difficulties.
(b)The Issuer shall file a notice of such occurrence with the Repository or with the MSRB
within ten (10) business days of the occurrence of the Material Event.
(c)Unless otherwise required by law and subject to technical and economic feasibility, the
Issuer shall employ such methods of information transmission as shall be requested or recommended by the
designated recipients of the Issuer’s information.
Section 6. EMMA. The SEC has designated EMMA as a nationally recognized municipal
securities information repository and the exclusive portal for complying with the continuing disclosure
requirements of the Rule. Until the EMMA system is amended or altered by the MSRB and the SEC, the
Issuer shall make all filings required under this Disclosure Certificate solely with EMMA.
Section 7. Termination of Reporting Obligation. The Issuer’s obligations under the
Resolutions and this Disclosure Certificate shall terminate upon the redemption in full of all Bonds or
payment in full of all Bonds.
Section 8. Agent. The Issuer may, from time to time, appoint or engage a dissemination agent
to assist it in carrying out its obligations under the Resolutions and this Disclosure Certificate, and may
discharge any such agent, with or without appointing a successor dissemination agent.
Section 9. Amendment; Waiver. Notwithstanding any other provision of the Resolutions or
this Disclosure Certificate, the Issuer may amend this Disclosure Certificate, and any provision of this
Disclosure Certificate may be waived, if such amendment or waiver is supported by an opinion of nationally
recognized bond counsel to the effect that such amendment or waiver would not, in and of itself, cause a
violation of the Rule. The provisions of the Resolutions requiring continuing disclosure pursuant to the Rule
and this Disclosure Certificate, or any provision hereof, shall be null and void in the event that the Issuer
delivers to the Repository an opinion of nationally recognized bond counsel to the effect that those portions
of the Rule which impose the continuing disclosure requirements of the Resolutions and the execution and
delivery of this Disclosure Certificate are invalid, have been repealed retroactively or otherwise do not apply
to the Bonds. The provisions of the Resolutions requiring continuing disclosure pursuant to the Rule and this
Disclosure Certificate may be amended without the consent of the Holders of the Bonds, but only upon the
delivery by the Issuer to the Repository of the proposed amendment and an opinion of nationally recognized
bond counsel to the effect that such amendment, and giving effect thereto, will not adversely affect the
compliance with the Rule.
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Section 10. Additional Information. Nothing in this Disclosure Certificate shall be deemed to
prevent the Issuer from disseminating any other information, using the means of dissemination set forth in
this Disclosure Certificate or any other means of communication, or including any other information in any
Annual Report or notice of occurrence of a Material Event, in addition to that which is required by this
Disclosure Certificate. If the Issuer chooses to include any information in any Annual Report or notice of
occurrence of a Material Event in addition to that which is specifically required by this Disclosure Certificate,
the Issuer shall have no obligation under this Disclosure Certificate to update such information or include it in
any future Annual Report or notice of occurrence of a Material Event.
Section 11. Default. In the event of a failure of the Issuer to comply with any provision of this
Disclosure Certificate any Holder of the Bonds may take such actions as may be necessary and appropriate,
including seeking mandamus or specific performance by court order, to cause the Issuer to comply with its
obligations under the Resolutions and this Disclosure Certificate. A default under this Disclosure Certificate
shall not be deemed an event of default with respect to the Bonds and the sole remedy under this Disclosure
Certificate in the event of any failure of the Issuer to comply with this Disclosure Certificate shall be an
action to compel performance.
Section 12. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the
Issuer, the Participating Underwriters, and the Holders from time to time of the Bonds, and shall create no
rights in any other person or entity.
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IN WITNESS WHEREOF, we have executed this Disclosure Certificate in our official capacities
effective as of the date and year first written above.
CITY OF ST. LOUIS PARK, MINNESOTA
Mayor
City Manager
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APPENDIX E
TERMS OF PROPOSAL
$9,930,000* GENERAL OBLIGATION BONDS, SERIES 2026A
CITY OF ST. LOUIS PARK, MINNESOTA
Proposals for the purchase of $9,930,000* General Obligation Bonds, Series 2026A (the "Bonds") of the City of St.
Louis Park, Minnesota (the "City") will be received at the offices of Ehlers and Associates, Inc. ("Ehlers"), 3001
Broadway Street, Suite 320, Minneapolis, Minnesota 55413, municipal advisors to the City, until 10:30 A.M., Central
Time, and ELECTRONIC PROPOSALS will be received via PARITY, in the manner described below, until 10:30
A.M., Central Time, on July 6, 2026, at which time they will be opened, read and tabulated. The proposals will be
presented to the City Council for consideration for award by resolution at a meeting to be held at 6:15 P.M., Central
Time, on the same date. The proposal offering to purchase the Bonds upon the terms specified herein and most
favorable to the City will be accepted unless all proposals are rejected.
AUTHORITY; PURPOSE; SECURITY
The Bonds are being issued pursuant to Section 6.15 of the City Charter of the City, and Minnesota Statutes, Chapters
444 and 475, as amended, by the City, for the purposes of financing capital projects in the City and water utility
improvements, including Phase II of the Cedar Lake and Louisiana road and utility reconstruction, the 2026 pavement
management projects and Connect the Park projects and improvements to the Police Department Facility. The Bonds
will be general obligations of the City for which its full faith and credit and taxing powers are pledged.
DATES AND MATURITIES
The Bonds will be dated July 28, 2026, will be issued as fully registered Bonds in the denomination of $5,000 each,
or any integral multiple thereof, and will mature on February 1 as follows:
Year Amount* Year Amount* Year Amount*
2028 $460,000 2033 $745,000 2038 $510,000
2029 650,000 2034 765,000 2039 535,000
2030 675,000 2035 795,000 2040 550,000
2031 695,000 2036 820,000 2041 575,000
2032 715,000 2037 845,000 2042 595,000
ADJUSTMENT OPTION
The City reserves the right to increase or decrease the principal amount of the Bonds on the day of sale, in increments
of $5,000 each. Increases or decreases may be made in any maturity. If any principal amounts are adjusted, the
purchase price proposed will be adjusted to maintain the same gross spread per $1,000.
TERM BOND OPTION
Proposals for the Bonds may contain a maturity schedule providing for any combination of serial bonds and term
bonds, subject to mandatory redemption, so long as the amount of principal maturing or subject to mandatory
redemption in each year conforms to the maturity schedule set forth above. All dates are inclusive.
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INTEREST PAYMENT DATES AND RATES
Interest will be payable on February 1 and August 1 of each year, commencing August 1, 2027, to the registered
owners of the Bonds appearing of record in the bond register as of the close of business on the 15th day (whether or
not a business day) of the immediately preceding month. Interest will be computed upon the basis of a 360-day year
of twelve 30-day months and will be rounded pursuant to rules of the Municipal Securities Rulemaking Board. The
rate for any maturity may not be more than 2.00% less than the rate for any preceding maturity. (For example,
if a rate of 4.50% is proposed for the 2028 maturity, then the lowest rate that may be proposed for any later
maturity is 2.50%.) All Bonds of the same maturity must bear interest from date of issue until paid at a single,
uniform rate. Each rate must be expressed in an integral multiple of 5/100 or 1/8 of 1%.
BOOK-ENTRY-ONLY FORMAT
Unless otherwise specified by the purchaser, the Bonds will be designated in the name of Cede & Co., as nominee
for The Depository Trust Company, New York, New York ("DTC"). DTC will act as securities depository for the
Bonds, and will be responsible for maintaining a book-entry system for recording the interests of its participants and
the transfers of interests between its participants. The participants will be responsible for maintaining records
regarding the beneficial interests of the individual purchasers of the Bonds. So long as Cede & Co. is the registered
owner of the Bonds, all payments of principal and interest will be made to the depository which, in turn, will be
obligated to remit such payments to its participants for subsequent disbursement to the beneficial owners of the Bonds.
PAYING AGENT
The City has selected Bond Trust Services Corporation, Minneapolis, Minnesota ("BTSC"), to act as paying agent
(the "Paying Agent"). BTSC and Ehlers are affiliate companies. The City will pay the charges for Paying Agent
services. The City reserves the right to remove the Paying Agent and to appoint a successor.
OPTIONAL REDEMPTION
At the option of the City, the Bonds maturing on or after February 1, 2036 shall be subject to optional redemption
prior to maturity on February 1, 2035 or any date thereafter, at a price of par plus accrued interest to the date of
optional redemption.
Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the selection of
the amounts and maturities of the Bonds to be redeemed shall be at the discretion of the City. If only part of the
Bonds having a common maturity date are called for redemption, then the City or Paying Agent, if any, will notify
DTC of the particular amount of such maturity to be redeemed. DTC will determine by lot the amount of each
participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial
ownership interest in such maturity to be redeemed.
Notice of redemption shall be sent by mail not more than 60 days and not less than 30 days prior to the date fixed for
redemption to the registered owner of each Bond to be redeemed at the address shown on the registration books.
DELIVERY
On or about July 28, 2026, the Bonds will be delivered without cost to the winning bidder at DTC. On the day of
closing, the City will furnish to the winning bidder the opinion of bond counsel hereinafter described, an arbitrage
certification, and certificates verifying that no litigation in any manner questioning the validity of the Bonds is then
pending or, to the best knowledge of officers of the City, threatened. Payment for the Bonds must be received by the
City at its designated depository on the date of closing in immediately available funds.
E-2
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 77
LEGAL MATTERS
An opinion as to the validity of the Bonds and the exemption from taxation of the interest thereon will be furnished
by Kutak Rock LLP, Minneapolis, Minnesota, Bond Counsel to the City ("Bond Counsel"), and will be available at
the time of delivery of the Bonds. The legal opinion will state that the Bonds are valid and binding general obligations
of the City; provided that the rights of the owners of the Bonds and the enforceability of the Bonds may be limited
by bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting creditors' rights and by
equitable principles (which may be applied in either a legal or equitable proceeding). See "FORM OF LEGAL
OPINION" found in Appendix B.
Bond Counsel has not participated in the preparation of this Official Statement and is not passing upon its accuracy,
completeness, or sufficiency. Bond Counsel has not examined or verified, nor attempted to examine or verify, any
of the financial or statistical statements or data contained in this Official Statement and will express no opinion with
respect thereto.
SUBMISSION OF PROPOSALS
Proposals must not be for less than $9,810,840 plus accrued interest on the principal sum of $9,930,000 from date
of original issue of the Bonds to date of delivery. Prior to the time established above for the opening of proposals,
interested parties may submit a proposal as follows:
1) Electronically to bondsale@ehlers-inc.com; or
2) Electronically via PARITY in accordance with this Terms of Proposal until 10:30 A.M., Central Time, but
no proposal will be received after the time for receiving proposals specified above. To the extent any
instructions or directions set forth in PARITY conflict with this Terms of Proposal, the terms of this Terms
of Proposal shall control. For further information about PARITY, potential bidders may contact IHS Markit
(now part of S&P Global) at https://ihsmarkit.com/products/municipal-issuance.html or via telephone (844)
301-7334.
Proposals must be submitted to Ehlers via one of the methods described above and must be received prior to the time
established above for the opening of proposals. Each proposal must be unconditional except as to legality. Neither
the City nor Ehlers shall be responsible for any failure to receive a facsimile submission.
A good faith deposit ("Deposit") in the amount of $198,600 shall be made by the winning bidder by wire
transfer of funds. Such Deposit shall be received by Ehlers no later than two hours after the proposal opening
time. Wire transfer instructions will be provided to the winning bidder by Ehlers after the tabulation of
proposals. The City reserves the right to award the Bonds to a winning bidder whose wire transfer is initiated but not
received by such time provided that such winning bidder's federal wire reference number has been received by such
time. In the event the Deposit is not received as provided above, the City may award the Bonds to the bidder
submitting the next best proposal provided such bidder agrees to such award. The Deposit will be retained by the City
as liquidated damages if the proposal is accepted and the Purchaser fails to comply therewith.
The City and the winning bidder who chooses to so wire the Deposit hereby agree irrevocably that Ehlers shall be the
escrow holder of the Deposit wired to such account subject only to these conditions and duties: 1) All income earned
thereon shall be retained by the escrow holder as payment for its expenses; 2) If the proposal is not accepted, Ehlers
shall, at its expense, promptly return the Deposit amount to the winning bidder; 3) If the proposal is accepted, the
Deposit shall be returned to the winning bidder at the closing; 4) Ehlers shall bear all costs of maintaining the escrow
account and returning the funds to the winning bidder; 5) Ehlers shall not be an insurer of the Deposit amount and
shall have no liability hereunder except if it willfully fails to perform or recklessly disregards, its duties specified
herein; and 6) FDIC insurance on deposits within the escrow account shall be limited to $250,000 per bidder.
E-3
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 78
No proposal can be withdrawn after the time set for receiving proposals unless the meeting of the City scheduled for
award of the Bonds is adjourned, recessed, or continued to another date without award of the Bonds having been
made.
AWARD
The Bonds will be awarded to the bidder offering the lowest interest rate to be determined on a True Interest Cost
(TIC) basis. The City's computation of the interest rate of each proposal, in accordance with customary practice, will
be controlling. In the event of a tie, the sale of the Bonds will be awarded by lot. The City reserves the right to reject
any and all proposals and to waive any informality in any proposal.
BOND INSURANCE
If the Bonds are qualified for any bond insurance policy, the purchase of such policy shall be at the sole option and
expense of the winning bidder. Any cost for such insurance policy is to be paid by the winning bidder, except that,
if the City requested and received a rating on the Bonds from a rating agency, the City will pay that rating fee. Any
rating agency fees not requested by the City are the responsibility of the winning bidder.
Failure of the municipal bond insurer to issue the policy after the Bonds are awarded to the winning bidder shall not
constitute cause for failure or refusal by the winning bidder to accept delivery of the Bonds.
CUSIP NUMBERS
The City will assume no obligation for the assignment or printing of CUSIP numbers on the Bonds or for the
correctness of any numbers printed thereon, but will permit such numbers to be printed at the expense of the winning
bidder, if the winning bidder waives any delay in delivery occasioned thereby.
QUALIFIED TAX-EXEMPT OBLIGATIONS
The City will designate the Bonds as "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the
Internal Revenue Code of 1986, as amended.
CONTINUING DISCLOSURE
In order to assist the Underwriter (Syndicate Manager) in complying with the provisions of Rule 15c2-12 promulgated
by the Securities and Exchange Commission under the Securities Exchange Act of 1934 the City will enter into an
undertaking for the benefit of the holders of the Bonds. A description of the details and terms of the undertaking is
set forth in Appendix D of the Preliminary Official Statement.
NEW ISSUE PRICING
The winning bidder will be required to provide, in a timely manner, certain information necessary to compute the
yield on the Bonds pursuant to the provisions of the Internal Revenue Code of 1986, as amended, and to provide a
certificate which will be provided by Bond Counsel upon request.
(a) The winning bidder shall assist the City in establishing the issue price of the Bonds and shall execute and
deliver to the City at closing an "issue price" or similar certificate satisfactory to Bond Counsel setting forth the
reasonably expected initial offering price to the public or the sales price or prices of the Bonds, together with the
supporting pricing wires or equivalent communications. All actions to be taken by the City under this Terms of
Proposal to establish the issue price of the Bonds may be taken on behalf of the City by the City's municipal advisor
identified herein and any notice or report to be provided to the City may be provided to the City's municipal advisor.
E-4
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 79
(b) The City intends that the provisions of Treasury Regulation Section 1.148-1(f)(3)(i) (defining "competitive
sale" for purposes of establishing the issue price of the Bonds) will apply to the initial sale of the Bonds (the
"competitive sale requirements") because:
(1) The City shall disseminate this Terms of Proposal to potential underwriters in a manner that is
reasonably designed to reach potential investors;
(2) all bidders shall have an equal opportunity to bid;
(3) the City may receive proposals from at least three underwriters of municipal bonds who have
established industry reputations for underwriting new issuances of municipal bonds; and
(4) the City anticipates awarding the sale of the Bonds to the bidder who submits a firm offer to purchase
the Bonds at the highest price (or lowest interest cost), as set forth in this Terms of Proposal.
Any proposal submitted pursuant to this Terms of Proposal shall be considered a firm offer for the purchase of the
Bonds, as specified in this proposal.
(c) If all of the requirements of a "competitive sale" are not satisfied, the City shall advise the winning bidder
of such fact prior to the time of award of the sale of the Bonds to the winning bidder. In such event, any proposal
submitted will not be subject to cancellation or withdrawal and the City agrees to use the rule selected by the winning
bidder on its proposal form to determine the issue price for the Bonds. On its proposal form, each bidder must select
one of the following two rules for determining the issue price of the Bonds: (1) the first price at which 10% of a
maturity of the Bonds (the "10% test") is sold to the public as the issue price of that maturity or (2) the initial offering
price to the public as of the sale date as the issue price of each maturity of the Bonds (the "hold-the-offering-price
rule").
(d) If all of the requirements of a "competitive sale" are not satisfied and the winning bidder selects the hold-the-
offering-price rule, the winning bidder shall (i) confirm that the underwriters have offered or will offer the Bonds to
the public on or before the date of award at the offering price or prices (the "initial offering price"), or at the
corresponding yield or yields, set forth in the proposal submitted by the winning bidder and (ii) agree, on behalf of
the underwriters participating in the purchase of the Bonds, that the underwriters will neither offer nor sell unsold
Bonds of any maturity to which the hold-the-offering-price rule shall apply to any person at a price that is higher than
the initial offering price to the public during the period starting on the sale date and ending on the earlier of the
following:
(1) the close of the fifth (5th) business day after the sale date; or
(2) the date on which the underwriters have sold at least 10% of that maturity of the Bonds to the public at
a price that is no higher than the initial offering price to the public.
The winning bidder will advise the City promptly after the close of the fifth (5th) business day after the sale whether
it has sold 10% of that maturity of the Bonds to the public at a price that is no higher than the initial offering price
to the public.
The City acknowledges that in making the representation set forth above, the winning bidder will rely on:
(i) the agreement of each underwriter to comply with requirements for establishing issue price of the Bonds,
including, but not limited to, its agreement to comply with the hold-the-price rule, if applicable to the Bonds, as set
forth in an agreement among underwriters and the related pricing wires,
E-5
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 80
(ii)in the event a selling group has been created in connection with the initial sale of the Bonds to the public,
the agreement of each dealer who is a member of the selling group to comply with the requirements for establishing
issue price of the Bonds, including, but not limited to, its agreement to comply with the hold-the-offering-price rule,
if applicable to the Bonds, as set forth in a selling group agreement and the related pricing wires, and
(iii) in the event that an underwriter or dealer who is a member of the selling group is a party to a third-party
distribution agreement that was employed in connection with the initial sale of the Bonds to the public, the agreement
of each broker-dealer that is party to such agreement to comply with the requirements for establishing issue price of
the Bonds, including, but not limited to, its agreement to comply with the hold-the-offering-price rule, if applicable
to the Bonds, as set forth in the third-party distribution agreement and the related pricing wires. The City further
acknowledges that each underwriter shall be solely liable for its failure to comply with its agreement regarding the
requirements for establishing issue price rule of the Bonds, including, but not limited to, its agreement to comply with
the hold-the-offering-price rule, if applicable to the Bonds, and that no underwriter shall be liable for the failure of
any other underwriter, or of any dealer who is a member of a selling group, or of any broker-dealer that is a party to
a third-party distribution agreement to comply with its corresponding agreement to comply with the requirements for
establishing issue price of the Bonds, including, but not limited to, its agreement to comply with the hold-the-offering-
price rule as applicable to the Bonds.
(e) If all of the requirements of a "competitive sale" are not satisfied and the winning bidder selects the 10% test,
the winning bidder agrees to promptly report to the City, Bond Counsel and Ehlers the prices at which the Bonds have
been sold to the public. That reporting obligation shall continue, whether or not the closing date has occurred, until
either (i) all Bonds of that maturity have been sold or (ii) the 10% test has been satisfied as to each maturity of the
Bonds, provided that, the winning bidder's reporting obligation after the Closing Date may be at reasonable periodic
intervals or otherwise upon request of the City or bond counsel.
(f) By submitting a proposal, each bidder confirms that:
(i) any agreement among underwriters, any selling group agreement and each third-party distribution
agreement (to which the bidder is a party) relating to the initial sale of the Bonds to the public, together with the
related pricing wires, contains or will contain language obligating each underwriter, each dealer who is a member of
the selling group, and each broker-dealer that is party to such third-party distribution agreement, as applicable, to:
(A) report the prices at which it sells to the public the unsold Bonds of each maturity allocated to it, whether
or not the Closing Date has occurred until either all securities of that maturity allocated to it have been sold or it is
notified by the winning bidder that either the 10% test has been satisfied as to the Bonds of that maturity, provided
that, the reporting obligation after the Closing Date may be at reasonable periodic intervals or otherwise upon request
of the City or bond counsel.
(B) comply with the hold-the-offering-price rule, if applicable, in each case if and for so long as directed by
the winning bidder and as set forth in the related pricing wires, and
(ii) any agreement among underwriters or selling group agreement relating to the initial sale of the Bonds to
the public, together with the related pricing wires, contains or will contain language obligating each underwriter, each
dealer who is a member of the selling group and each broker dealer that is a party to a third-party distribution
agreement to be employed in connection with the initial sale of the Bonds to the public to require each broker-dealer
that is a party to such third-party distribution agreement to:
(A) to promptly notify the winning bidder of any sales of Bonds that, to its knowledge, are made to a
purchaser who is a related party to an underwriter participating in the initial sale of the Bonds to the public (each such
term being used as defined below), and
(B) to acknowledge that, unless otherwise advised by the underwriter, dealer or broker-dealer, the winning
bidder shall assume that each order submitted by the underwriter, dealer or broker-dealer is a sale to the public.
E-6
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 81
(g) Sales of any Bonds to any person that is a related party to an underwriter participating in the initial sale of
the Bonds to the public (each term being used as defined below) shall not constitute sales to the public for purposes
of this Terms of Proposal. Further, for purposes of this Terms of Proposal:
(i) "public" means any person other than an underwriter or a related party,
(ii) "underwriter" means (A) any person that agrees pursuant to a written contract with the City (or with
the lead underwriter to form an underwriting syndicate) to participate in the initial sale of the Bonds
to the public and (B) any person that agrees pursuant to a written contract directly or indirectly with
a person described in clause (A) to participate in the initial sale of the Bonds to the public (including
a member of a selling group or a party to a third-party distribution agreement participating in the
initial sale of the Bonds to the public),
(iii) a purchaser of any of the Bonds is a "related party" to an underwriter if the underwriter and the
purchaser are subject, directly or indirectly, to (A) more than 50% common ownership of the voting
power or the total value of their stock, if both entities are corporations (including direct ownership
by one corporation of another), (B) more than 50% common ownership of their capital interests or
profits interests, if both entities are partnerships (including direct ownership by one partnership of
another), or (C) more than 50% common ownership of the value of the outstanding stock of the
corporation or the capital interests or profit interests of the partnership, as applicable, if one entity
is a corporation and the other entity is a partnership (including direct ownership of the applicable
stock or interests by one entity of the other), and
(iv) "sale date" means the date that the Bonds are awarded by the City to the winning bidder.
PRELIMINARY OFFICIAL STATEMENT
Bidders may obtain a copy of the Preliminary Official Statement relating to the Bonds prior to the proposal opening
by request from Ehlers at www.ehlers-inc.com by connecting to the Bond Sales link. The Underwriter (Syndicate
Manager) will be provided with an electronic copy of the Final Official Statement within seven business days of the
proposal acceptance. Up to 10 printed copies of the Final Official Statement will be provided upon request. Additional
copies of the Final Official Statement will be available at a cost of $10.00 per copy.
Information for bidders and proposal forms may be obtained from Ehlers at 3001 Broadway Street, Suite 320,
Minneapolis, Minnesota 55413, Telephone (651) 697-8500.
By Order of the City Council
City of St. Louis Park, Minnesota
E-7
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 82
PROPOSAL FORM
The City Council July 6, 2026
City of St. Louis Park, Minnesota (the "City")
RE: $9,930,000* General Obligation Bonds, Series 2026A (the "Bonds")
DATED: July 28, 2026
For all or none of the above Bonds, in accordance with the Terms of Proposal and terms of the Global Book-Entry System (unless otherwise
specified by the Purchaser) as stated in this Official Statement, we will pay you $__________________ (not less than $9,810,840) plus accrued
interest to date of delivery for fully registered Bonds bearing interest rates and maturing in the stated years as follows:
% due 2028 % due 2033 % due 2038
% due 2029 % due 2034 % due 2039
% due 2030 % due 2035 % due 2040
% due 2031 % due 2036 % due 2041
% due 2032 % due 2037 % due 2042
The City reserves the right to increase or decrease the principal amount of the Bonds on the day of sale, in increments of $5,000 each. Increases
or decreases may be made in any maturity. If any principal amounts are adjusted, the purchase price proposed will be adjusted to maintain the
same gross spread per $1,000.
The rate for any maturity may not be more than 2.00% less than the rate for any preceding maturity. (For example, if a rate of 4.50%
is proposed for the 2028 maturity, then the lowest rate that may be proposed for any later maturity is 2.50%.)All Bonds of the same
maturity must bear interest from date of issue until paid at a single, uniform rate. Each rate must be expressed in an integral multiple of 5/100
or 1/8 of 1%.
A good faith deposit ("Deposit") in the amount of $198,600 shall be made by the winning bidder by wire transfer of funds. Such Deposit
shall be received by Ehlers no later than two hours after the proposal opening time. Wire transfer instructions will be provided to the
winning bidder by Ehlers after the tabulation of proposals. The City reserves the right to award the Bonds to a winning bidder whose wire
transfer is initiated but not received by such time provided that such winning bidder's federal wire reference number has been received by such
time. In the event the Deposit is not received as provided above, the City may award the Bonds to the bidder submitting the next best proposal
provided such bidder agrees to such award. The Deposit will be retained by the City as liquidated damages if the proposal is accepted and the
Purchaser fails to comply therewith. We agree to the conditions and duties of Ehlers and Associates, Inc., as escrow holder of the Deposit,
pursuant to the Terms of Proposal. This proposal is for prompt acceptance and is conditional upon delivery of said Bonds to The Depository
Trust Company, New York, New York, in accordance with the Terms of Proposal. Delivery is anticipated to be on or about July 28, 2026.
This proposal is subject to the City's agreement to enter into a written undertaking to provide continuing disclosure under Rule 15c2-12
promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934 as described in the Preliminary Official
Statement for the Bonds.
We have received and reviewed the Official Statement, and any addenda thereto, and have submitted our requests for additional information
or corrections to the Final Official Statement. As Underwriter (Syndicate Manager), we agree to provide the City with the reoffering price of
the Bonds within 24 hours of the proposal acceptance.
This proposal is a firm offer for the purchase of the Bonds identified in the Terms of Proposal, on the terms set forth in this proposal form and
the Terms of Proposal, and is not subject to any conditions, except as permitted by the Terms of Proposal.
By submitting this proposal, we confirm that we are an underwriter and have an established industry reputation for underwriting new issuances
of municipal bonds. YES: ____ NO: ____.
If the competitive sale requirements are not met, we elect to use either the: _____10% test, or the _____hold-the-offering-price rule to determine
the issue price of the Bonds.
Account Manager:By:
Account Members:
Award will be on a true interest cost basis. According to our computations (the correct computation being controlling in the award), the total
dollar interest cost (including any discount or less any premium) computed from July 28, 2026 of the above proposal is $_______________and
the true interest cost (TIC) is __________%.
The foregoing offer is hereby accepted by and on behalf of the City Council of the City of St. Louis Park, Minnesota, on July 6, 2026.
By:By:
Title:Title:
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 83
July 6, 2026
SALE DAY REPORT FOR:
City of St. Louis Park, Minnesota
$9,930,000 General Obligation Bonds, Series 2026A
Prepared by:
Ehlers
3001 Broadway Street, Suite 320
Minneapolis, MN 55413
Stacie Kvilvang,
Senior Municipal Advisor
Jason Aarsvold,
Senior Municipal Advisor
Keith Dahl,
Senior Municipal Advisor
BUILDING COMMUNITIES. IT’S WHAT WE DO.
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 84
Sale Day Report for City of St. Louis Park, Minnesota 1
Competitive Sale Results
PURPOSE: For the purposes of financing capital projects in the City including
Phase II of the Cedar Lake and Louisiana road and utility
reconstruction, the 2026 water utility projects, Connect the Park and
improvements to the Police Department Facility.
RATING: S&P Global Ratings "AAA" / Stable
NUMBER OF BIDS: 12
LOW BIDDER: Baird, Milwaukee, Wisconsin
COMPARISON FROM LOWEST TO HIGHEST BID:
(TIC as bid)
LOW BID:* 3.3478%
HIGH BID: 3.5635%
Summary of Sale Results:
Principal Amount*: $9,930,000
Underwriter’s Discount: $83,971
Reoffering Premium: $942,549
True Interest Cost: 3.3611%
Costs of Issuance: $92,630
Yield:2.39%-3.60%
Total Net P&I $13,820,444
NOTES: The Bonds maturing February 1, 2036 and thereafter are
callable February 1, 2035 or any date thereafter.
CLOSING DATE: July 28, 2026
CITY COUNCIL
ACTION:
Adopt a resolution awarding the sale of $9,930,000 General
Obligation Bonds, Series 2026A.
SUPPLEMENTARY ATTACHMENTS
•Bid Tabulation
•Sources and Uses of Funds & Updated Debt Service Schedules
•Rating Report (Provided to City by S & P via email)
•Bond Resolution (Distributed in City Council Packets)
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 85
BID TABULATION
$9,930,000 General Obligation Bonds, Series 2026A
City of St. Louis Park, Minnesota
SALE: July 6, 2026
AWARD: BAIRD
Rating: S&P Global Ratings "AAA" / Stable
Tax Exempt - Bank Qualified
NAME OF INSTITUTION
MATURITY
(February 1)
COUPON
RATE
REOFFERING
YIELD
PRICE
TRUE
INTEREST
RATE
BAIRD $10,784,913.10 3.3478%
Milwaukee, Wisconsin 2028 5.000% 2.390%
C.L. King & Associates
Colliers Securities LLC
Edward Jones
Fidelity Capital Markets
Crews & Associates, Inc.
SouthState Securities
Bernardi Securities, Inc.
Oppenheimer & Co.
The Baker Group
Middlegate Securities
Alliance Global Partners
CADZ Securities Inc
Celadon Financial Group, LLC
Isaak Bond Investments, Inc
Carty, Harding & Hearn, Inc.
United Bankers Bank
FMS Bonds Inc.
First Kentucky Securities Corp.
Midland Securities
Multi Bank Securities Inc.
First Southern LLC
Dinosaur Financial Group
First Bankers' Banc Securities, Inc
Mountainside Securities LLC
Blaylock Van, LLC
Valdes and Moreno
Commerce Brokerage Services Inc
Falcon Square Capital
Caldwell Sutter Capital, Inc.
ZIONS BANK, division of ZB, N.A.
Institutional Bond Network LLC
2029 5.000% 2.480%
2030 5.000% 2.540%
2031 5.000% 2.620%
2032 5.000% 2.680%
2033 5.000% 2.780%
2034 5.000% 2.850%
2035 5.000% 2.930%
2036 5.000% 3.000%
2037 5.000% 3.120%
2038 4.000% 3.400%
2039 4.000% 3.450%
2040 4.000% 3.500%
2041 4.000% 3.550%
2042 4.000% 3.600%
*Subsequent to bid opening the individual maturity amounts were adjusted.
Adjusted Price: $10,788,578.15 Adjusted Net Interest Cost: $3,031,866.01 Adjusted TIC: 3.3611%
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 86
NAME OF INSTITUTION
TRUE
INTEREST
RATE
Bid Tabulation July 6, 2026
City of St. Louis Park, Minnesota
$9,930,000 General Obligation Bonds, Series 2026A Page 2
NORTHLAND SECURITIES, INC. 3.3604%
Minneapolis, Minnesota
BOK FINANCIAL SECURITIES,
INC.
3.3802%
Milwaukee, Wisconsin
PIPER SANDLER & CO. 3.3895%
Minneapolis, Minnesota
TD FINANCIAL PRODUCTS LLC 3.3898%
New York, New York
RAYMOND JAMES &
ASSOCIATES, INC.
3.4004%
St. Petersburg, Florida
STIFEL, NICOLAUS & COMPANY,
INCORPORATED
3.4068%
Birmingham, Alabama
BROWNSTONE INVESTMENT
GROUP, LLC
3.4196%
New York, New York
STONEX FINANCIAL INC 3.4241%
Atlanta, Georgia
HILLTOPSECURITIES 3.4387%
Dallas, Texas
HUNTINGTON SECURITIES, INC 3.4399%
Chicago, Illinois
LOOP CAPITAL MARKETS LLC 3.5635%
New York, New York
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 87
City of St. Louis Park, Minnesota
$9,930,000 General Obligation Bonds, Series 2026A
Issue Summary
Total Issue Sources And Uses
Dated 07/28/2026 | Delivered 07/28/2026
Street
Reconstruction
Connect
the Park Police Station
Water
Revenue
Issue
Summary
Sources Of Funds
Par Amount of Bonds $5,985,000.00 $440,000.00 $940,000.00 $2,565,000.00 $9,930,000.00
Reoffering Premium 505,725.70 52,465.75 79,738.70 304,619.00 942,549.15
Total Sources $6,490,725.70 $492,465.75 $1,019,738.70 $2,869,619.00 $10,872,549.15
Uses Of Funds
Total Underwriter's Discount (0.846%)50,610.92 3,720.77 7,948.92 21,690.39 83,971.00
Costs of Issuance 55,829.87 4,104.46 8,768.59 23,927.08 92,630.00
Deposit to Project Construction Fund 6,384,284.91 484,640.52 1,003,021.19 2,824,001.53 10,695,948.15
Total Uses $6,490,725.70 $492,465.75 $1,019,738.70 $2,869,619.00 $10,872,549.15
Series 2026A GO Bonds - F | Issue Summary | 7/ 6/2026 | 11:04 AM
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 88
City of St. Louis Park, Minnesota
$9,930,000 General Obligation Bonds, Series 2026A
Issue Summary
Debt Service Schedule
Date Principal Coupon Interest Total P+I Fiscal Total
07/28/2026 -----
08/01/2027 --471,194.16 471,194.16 -
02/01/2028 350,000.00 5.000%233,650.00 583,650.00 1,054,844.16
08/01/2028 --224,900.00 224,900.00 -
02/01/2029 600,000.00 5.000%224,900.00 824,900.00 1,049,800.00
08/01/2029 --209,900.00 209,900.00 -
02/01/2030 635,000.00 5.000%209,900.00 844,900.00 1,054,800.00
08/01/2030 --194,025.00 194,025.00 -
02/01/2031 660,000.00 5.000%194,025.00 854,025.00 1,048,050.00
08/01/2031 --177,525.00 177,525.00 -
02/01/2032 700,000.00 5.000%177,525.00 877,525.00 1,055,050.00
08/01/2032 --160,025.00 160,025.00 -
02/01/2033 735,000.00 5.000%160,025.00 895,025.00 1,055,050.00
08/01/2033 --141,650.00 141,650.00 -
02/01/2034 775,000.00 5.000%141,650.00 916,650.00 1,058,300.00
08/01/2034 --122,275.00 122,275.00 -
02/01/2035 810,000.00 5.000%122,275.00 932,275.00 1,054,550.00
08/01/2035 --102,025.00 102,025.00 -
02/01/2036 850,000.00 5.000%102,025.00 952,025.00 1,054,050.00
08/01/2036 --80,775.00 80,775.00 -
02/01/2037 895,000.00 5.000%80,775.00 975,775.00 1,056,550.00
08/01/2037 --58,400.00 58,400.00 -
02/01/2038 540,000.00 4.000%58,400.00 598,400.00 656,800.00
08/01/2038 --47,600.00 47,600.00 -
02/01/2039 560,000.00 4.000%47,600.00 607,600.00 655,200.00
08/01/2039 --36,400.00 36,400.00 -
02/01/2040 585,000.00 4.000%36,400.00 621,400.00 657,800.00
08/01/2040 --24,700.00 24,700.00 -
02/01/2041 605,000.00 4.000%24,700.00 629,700.00 654,400.00
08/01/2041 --12,600.00 12,600.00 -
02/01/2042 630,000.00 4.000%12,600.00 642,600.00 655,200.00
Total $9,930,000.00 -$3,890,444.16 $13,820,444.16 -
Yield Statistics
Bond Year Dollars $85,742.75
Average Life 8.635 Years
Average Coupon 4.5373447%
Net Interest Cost (NIC)3.5360028%
True Interest Cost (TIC)3.3611688%
Bond Yield for Arbitrage Purposes 3.0773716%
All Inclusive Cost (AIC)3.4840441%
IRS Form 8038
Net Interest Cost 3.1608779%
Weighted Average Maturity 8.578 Years
Series 2026A GO Bonds - F | Issue Summary | 7/ 6/2026 | 11:04 AM
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 89
City of St. Louis Park, Minnesota
$9,930,000 General Obligation Bonds, Series 2026A
Issue Summary
Debt Service Schedule
Date Principal Coupon Interest Total P+I 105% of Total
Water
Revenue Levy/(Surplus)
02/01/2027 -------
02/01/2028 350,000.00 5.000%704,844.16 1,054,844.16 1,107,586.37 355,365.94 752,220.43
02/01/2029 600,000.00 5.000%449,800.00 1,049,800.00 1,102,290.00 358,050.00 744,240.00
02/01/2030 635,000.00 5.000%419,800.00 1,054,800.00 1,107,540.00 357,000.00 750,540.00
02/01/2031 660,000.00 5.000%388,050.00 1,048,050.00 1,100,452.50 355,425.00 745,027.50
02/01/2032 700,000.00 5.000%355,050.00 1,055,050.00 1,107,802.50 358,575.00 749,227.50
02/01/2033 735,000.00 5.000%320,050.00 1,055,050.00 1,107,802.50 355,687.50 752,115.00
02/01/2034 775,000.00 5.000%283,300.00 1,058,300.00 1,111,215.00 357,525.00 753,690.00
02/01/2035 810,000.00 5.000%244,550.00 1,054,550.00 1,107,277.50 358,575.00 748,702.50
02/01/2036 850,000.00 5.000%204,050.00 1,054,050.00 1,106,752.50 358,837.50 747,915.00
02/01/2037 895,000.00 5.000%161,550.00 1,056,550.00 1,109,377.50 358,312.50 751,065.00
02/01/2038 540,000.00 4.000%116,800.00 656,800.00 689,640.00 -689,640.00
02/01/2039 560,000.00 4.000%95,200.00 655,200.00 687,960.00 -687,960.00
02/01/2040 585,000.00 4.000%72,800.00 657,800.00 690,690.00 -690,690.00
02/01/2041 605,000.00 4.000%49,400.00 654,400.00 687,120.00 -687,120.00
02/01/2042 630,000.00 4.000%25,200.00 655,200.00 687,960.00 -687,960.00
Total $9,930,000.00 -$3,890,444.16 $13,820,444.16 $14,511,466.37 $3,573,353.44 $10,938,112.93
Significant Dates
Dated 7/28/2026
First Coupon Date 8/01/2027
Yield Statistics
Bond Year Dollars $85,742.75
Average Life 8.635 Years
Average Coupon 4.5373447%
Net Interest Cost (NIC)3.5360028%
True Interest Cost (TIC)3.3611688%
Bond Yield for Arbitrage Purposes 3.0773716%
All Inclusive Cost (AIC)3.4840441%
Series 2026A GO Bonds - F | Issue Summary | 7/ 6/2026 | 11:04 AM
City council meeting of July 6, 2026 (Item No. 5d)
Title: Resolution approving sale of $9,930,000 General Obligation Bonds, series 2026A Page 90
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5e
Executive summary
Title: Resolution amending change order policy
Recommended action: Motion to adopt a resolution rescinding Resolution No. 09-116 and
authorizing the city manager authority to administratively approve change orders for amounts
under the amount at which competitive bids are required by state law
Policy consideration: Does the city council want to rescind Resolution No. 09-116 and adopt a
resolution amending the change order policy to grant the city manager authority pursuant to
the city charter?
Summary: Staff recommends the city council update the change order authority to match the
authorization established in the city charter.
In 1987, the city council granted the limited authority to administratively approve change
orders to the city manager to reduce duplication of effort and to maximize organization
efficiency. This authority was last updated in 2009 by Resolution No. 09-116.
The city charter designates the city manager is the chief purchasing agent of the city,
authorizing them (or their designee) to make all purchases and execute all contracts on behalf
of the city. The city council’s approval is required only when a purchase or contract
amount exceeds the amount at which competitive bids are required by law. All other contracts,
bonds and instruments must be signed by the mayor and city manager on behalf of the city.
Financial or budget considerations: Relevant projects are included in the city’s operating
or CIP budgets.
Strategic priority consideration: St. Louis Park is committed to being a city that delivers reliable
services, uses city resources responsibly, operates transparently and builds strong relationships
with residents.
Supporting documents: Discussion, change order policy update draft, resolution
Prepared by: Marina Lee, engineering office assistant
Reviewed by: Cheyenne Brodeen, administrative services director
Approved by: Cindy Walsh, deputy city manager
City council meeting of July 6, 2026 (Item No. 5e) Page 2
Title: Resolution amending change order policy
Discussion
Background: In 2009, the city council adopted a change order policy to update the process by
which change orders were made to construction and public improvement contracts.
Under the current policy, change orders require the following approval:
• Upon verification that appropriate and prudent funding is available
and/or appropriate reductions in the contract are in the best interest of the city, the
city manager or designee may approve change order under $100,000.
• The city manager may not approve change orders for a contract that cumulatively
exceed $100,000. The city manager may not approve supplemental agreements
and:
• May not issue change orders which materially change the scope of the contract,
including additional project costs, and;
• City manager or designee shall report time extension to the city council, and;
• City council approval is required for all other change orders and for all
supplemental agreements.
Present considerations: Pursuant to St. Louis Park City Charter Section 5.05 “Purchases and
contracts”, the city manager is designated as the chief purchasing agent of the city. In 2009,
$100,000 matched the state law threshold for competitive bidding. State law has
since increased this threshold to $175,000. To prevent the need for repetitive housekeeping
amendments in the future, staff recommends tying the city manager’s
administrative authority directly to the state-mandated competitive bidding threshold rather
than a fixed dollar amount. This change will ensure the city’s policy automatically adjusts to
future state law updates.
City council meeting of July 6, 2026 (Item No. 5e) Page 3
Title: Resolution amending change order policy
Change Order Policy Update
1. Purpose
The purpose of this policy is to update the procedure to process change orders to
construction and public improvement contracts.
2. Definitions
• Change order – a written amendment to a construction or public improvement
contract that is within the scope of the original contract.
• Supplemental agreement – a written amendment to a construction or public
improvement contract changing the scope of the original contract.
3. Background
Change orders in construction contracts are commonplace. The design process
cannot economically provide sufficient detail to completely identify all items of
construction work. There is no “typical” change order amount, however, there
are generally accepted percentages (as compared to the total construction contract
amount).
Change orders are the result of the following conditions:
• Owner requested: Work desired that was not clearly called for in the original
contract documents and could result in adding to or removing from a project or
contract.
• Changed condition – foreseen conditions: Work involving existing conditions or
construction that was not clearly shown or identified in the original contract
documents that directly affect construction work methods, Material/
labor costs or time.
• Changed condition – unforeseen conditions: work that could not have
been reasonably identified by the designer in the initial design phase.
• Code change: construction codes have changed since the design was completed.
• Design deficiency – added value: work that would have resulted in a higher bid
price had the design detail or drawing been correct in the contract documents.
• Design deficiency – no added value: work clearly results from a design deficiency,
error, or omission, but would not have resulted in an increased bid price if the
contract documents were correct.
4. Procedure
Change orders require the following approval:
• Upon verification that appropriate and prudent funding is available and/
or appropriate reductions in the contract are in the best interest of the city, the
city manager or designee may approve change orders under their statutory
spending authority. The city manager may not approve change orders for a
contract that cumulatively exceeds the competitive bid threshold.
• The city manager or designee may not approve supplemental
agreements or issue change orders which materially change the scope of the
contract, including additional projects.
• The city manager or designee shall report time extensions to the city council.
• City council approval is required for all other change orders and for all
supplemental agreements.
City council meeting of July 6, 2026 (Item No. 5e) Page 4
Title: Resolution amending change order policy
Resolution No. 26-___
Adopting change order policy
Whereas, to expedite the approval of change orders that are within the city manager’s
purchasing authority, it is in the best interest of the city to update the change order policy; and
Whereas, the city council approved Resolution No. 09-116 on Sept. 9, 2009, adopting a
change order policy to update the procedure to process change orders to construction and
public improvement contracts; and
Whereas, in accordance with city charter, the city manager is the chief purchasing agent
of the city. The charter also states that city contracts must be made in compliance with state
law; and
Whereas, state law has increased the level of purchasing limits and the city council in
interested in increasing the level allowed for the city manager to administratively approve
change orders with limitations,
Now therefore be it resolved by the city council of the City of St. Louis Park,
Minnesota, that Resolution No. 09-116 is hereby rescinded and the change order policy is
amended to grant the city manager change order authority in accordance with the city charter
and state law.
Reviewed for administration: Adopted by the city council July 6, 2026:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5f
Executive summary
Title: Adopt ordinance amending chapter 3 of the city code related to temporary liquor licenses
Recommended action: Motion to approve second reading and adopt ordinance amending city
code chapter 3 related to temporary liquor licenses and to approve summary ordinance for
publication.
Policy consideration: Does the city council want to amend the city code to allow temporary
liquor licenses to be issued to brewers and microdistillers as allowed by M.S. 340A.404
subdivision 10(c)?
Summary: Minnesota statute 340A.404 subdivision 10(c) allows the governing body of a
municipality to issue temporary on-sale intoxicating liquor licenses to brewers who
manufacture fewer than 3,500 barrels of malt liquor in a year or to a microdistillery for social
events sponsored by the brewer or microdistiller within the community.
City code regulations related to liquor licensing can be more restrictive, but not less restrictive,
than state law. Chapter 3 of St. Louis Park's city code currently allows temporary intoxicating
liquor licenses to be issued to specific types of organizations; microdistillers and/or brewers are
currently not eligible to apply for a temporary license.
There are three breweries and two microdistilleries located in St. Louis Park. Their current
liquor license allows them to serve and sell the alcohol they manufacture. Representatives of all
five establishments requested that the city consider amending chapter 3 of the city code
regarding temporary liquor licenses to align with state statute. The amendment will allow these
businesses to obtain temporary liquor licenses, subject to the requirements in state law, to host
social events on their licensed premises and serve/sell alcohol during the event that is not
manufactured by the brewery or microdistillery. Existing temporary on-sale intoxicating liquor
license limitations, fees and processes would apply.
The first reading of the ordinance was approved June 15, 2026. If the second reading is
approved, the effective date for the proposed amendment is July 31, 2026.
Financial or budget considerations: Applicants are subject to fees set annually in Appendix A.
The fee for each day of a temporary on-sale intoxicating liquor license is $100, payable to the
city to offset administrative costs.
Strategic priority consideration: Not applicable.
Supporting documents: Discussion, draft ordinance, summary for publication
Prepared by: Amanda Scott-Lerdal, deputy city clerk
Reviewed by: Melissa Kennedy, city clerk
Approved by: Cindy Walsh, deputy city manager
City council meeting of July 6, 2026 (Item No. 5f) Page 2
Title: Adopt ordinance amending chapter 3 of the city code related to temporary liquor licenses
Discussion
Background: Minnesota statute 340A.404 subdivision 10(c) allows the governing body of a
municipality to issue temporary on-sale intoxicating liquor licenses to brewers who
manufacture fewer than 3,500 barrels of malt liquor in a year or to a microdistillery for social
events sponsored by the brewer or microdistiller within the community.
City code regarding liquor licensing can be more restrictive, but not less restrictive, than state
statute. Chapter 3 of St. Louis Park's city code currently allows temporary intoxicating liquor
licenses to be issued to clubs, charitable, religious or nonprofit organizations. Microdistillers
and/or brewers are not currently eligible to apply for temporary licenses and are limited to
serving and selling the alcohol manufactured onsite unless they contract with a licensed caterer
to serve other types of alcohol at events hosted on their premises.
Present considerations: The city clerk’s office consulted with the city attorney. Their opinion is
that the city may amend its code regarding temporary on-sale intoxicating liquor licenses to
allow brewers and microdistillers to apply for and obtain this license type, subject to the
requirements of state law.
Should the council consider such a code amendment, the city attorney noted that the state's
restrictions for this license type would also apply:
• License may authorize on-sale of intoxicating liquor for not more than four consecutive
days and the city may issue no more than 12 days’ worth of temporary licenses to any
one entity;
• License may authorize on-sales on premises other than premises the licensee owns or
permanently occupies;
• License may allow licensee to contract for intoxicating liquor catering services with the
holder of a full-year city on-sale intoxicating liquor license;
• License is subject to additional terms and license fee imposed by the city;
• All other laws/ordinances governing sale of intoxicating liquor apply;
• License must first be approved by the commissioner of public safety.
Future and legal considerations include staff’s responsibility to be aware of any future updates
to applicable state laws related to temporary liquor licenses. The city clerk’s office will continue
the current practice of collaboration with related departments to monitor alcohol compliance,
event safety and planning.
Applicants are subject to fees as annually set in Appendix A. The fee for each day for a
temporary on-sale intoxicating liquor license is $100, payable to the city to offset administrative
costs.
Next steps: If council approves second reading, the effective date of change is July 31, 2026.
City council meeting of July 6, 2026 (Item No. 5f) Page 3
Title: Adopt ordinance amending chapter 3 of the city code related to temporary liquor licenses
Ordinance No. ___-26
Amending St. Louis Park City Code chapter 3, section 57(h) related
to temporary on-sale intoxicating liquor licenses
The city council of the City of St. Louis Park, Minnesota does ordain:
Section 1. St. Louis Park City Code chapter 3, section 3-57(h) is amended as follows by deleting
strikethrough language and adding underlined language:
St. Louis Park City Code Section 3-57. Types of licenses.
The following types of licenses shall be issued under this division:
h. Temporary on-sale intoxicating liquor license. Temporary on-sale intoxicating liquor
licenses, with the approval of the Commissioner of Public Safety, may be issued to
organizations, political committees, microdistillers and brewers authorized under Minnesota
State Statute 340A.404 subdivision 10(a) and (c)clubs, charitable, religious, or other nonprofit
organizations which have been in existence for at least three years, or to a state-registered
political committee, in connection with a social event within the city sponsored by the licensee.
No license shall be for longer than four consecutive days, and the city shall issue no more than
12 days’ worth of temporary licenses to any one organization, political committee,
microdistiller or brewer in one calendar year. The license may provide that the licensee may
contract for intoxicating liquor catering services with the holder of a full year on-sale
intoxicating liquor license issued by any municipality. The license may authorize on-sales on
premises other than premises the licensee owns or permanently occupies. Licenses issued
under this subsection are subject to all laws and ordinances governing the sale of intoxicating
liquor, except that mandatory liability provisions in M.S. § 340A.409 do not apply, and those
other laws and ordinances which, by their nature, are not applicable. Brewers and
microdistillers are subject to M.S. § 340A.409, subdivisions 1 through 3a.
Section 2. This ordinance shall take effect fifteen days after its passage and publication.
First Reading June 15, 2026
Second Reading July 6, 2026
Publication
July 16, 2026
Effective date July 31, 2026
Reviewed for administration: Adopted by the city council July 6, 2026.
By: __________________________________ By: __________________________________
Kim Keller, city manager Nadia Mohamed, mayor
Attest: Approved as to form and execution:
____________________________________ _____________________________________
Melissa Kennedy, city clerk Soren M. Mattick, city attorney
City council meeting of July 6, 2026 (Item No. 5f) Page 4
Title: Adopt ordinance amending chapter 3 of the city code related to temporary liquor licenses
SUMMARY FOR PUBLICATION
Ordinance No.____-26
Ordinance amending St. Louis Park City Code chapter 3, section
57(h) related to temporary on-sale intoxicating liquor licenses
This ordinance amends St. Louis Park City Code chapter 3, section 57(h) related to
temporary on-sale intoxicating liquor licenses to authorize issuance of temporary licenses to
brewers and microdistillers to align with what is authorized under M.S. 340A.04, subd. 10 (a)
and (c).
The ordinance shall take effect July 31, 2026
Adopted by the city council July 6, 2026
Nadia Mohamed /s/
Mayor
A copy of the full text of this ordinance is available for inspection with the city clerk.
Published in St. Louis Park Sun Sailor: July 16, 2026
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5g
Executive summary
Title: Approve temporary on-sale intoxicating liquor license - Church of the Holy Family
Recommended action: Motion to approve a temporary on-sale intoxicating liquor license for
Church of the Holy Family at 5900 West Lake Street on Sept. 12, 2026.
Policy consideration: Does the applicant meet the requirements for issuance of a temporary
on-sale intoxicating liquor license?
Summary: Church of the Holy Family applied for a temporary on-sale intoxicating liquor license
for a fundraising event taking place on Sept. 12, 2026. The fundraiser will be held at 5900 West
Lake Street in the parking lot area, which will be closed off, and liquor will be served between
11:00 a.m. and 11:30 p.m.
State law and city code permit the issuance of temporary on-sale intoxicating liquor licenses to
charitable, religious or non-profit organizations. The license may authorize the on-sale of
intoxicating liquor for not more than four consecutive days. The licenses are subject to the
terms, including a license fee, imposed by the issuing municipality. Licenses issued under this
subdivision are subject to all laws and ordinances governing the sale of intoxicating liquor
except M.S. 340A.409 and M.S. 340A.504, subdivision 3, paragraph (d), and those laws and
ordinances which by their nature are not applicable.
The police department completed a background investigation and found no reason to deny the
temporary license. The applicant meets all requirements for the issuance of the license and
staff recommends approval.
Financial or budget considerations: The fee for a temporary liquor license is $100 per day of
the event.
Strategic priority consideration: Not applicable.
Supporting documents: None.
Prepared by: Amanda Scott-Lerdal, deputy city clerk
Reviewed by: Melissa Kennedy, city clerk
Approved by: Cindy Walsh, deputy city manager
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5h
Executive summary
Title: Resolution authorizing final payment for the 2025 Sanitary Sewer Mainline Rehabilitation
project (4025-3000)
Recommended action: Motion to adopt resolution accepting work and authorizing final
payment in the amount of $98,304.18 for the 2025 Sanitary Sewer Mainline Rehabilitation
project with Insituform Technologies USA, LLC – City Contract No. 140-25.
Policy consideration: Not applicable.
Summary: On Aug. 4, 2025, the city council awarded the bid for the sanitary sewer mainline
rehabilitation project. The project was advertised, bid and awarded to Insituform Technologies
USA, LLC in the amount of $618,823.00. This project consists of trenchless repair of sanitary
sewer throughout the city. This work allows the city to address structural defects in sanitary
sewer pipes before they lead to severe problems like infiltration, sewer blockages (backups) or
pipe collapse.
The contractor completed this work within the contract time allowed and the final contract
amount is $18,704.54 (2.7%) less than the bid resulting in a final construction cost of
$600,118.46.
Financial or budget considerations: The cost of the work performed by the contractor under
contract no. 140-25 has been calculated as follows:
Original contract (based on estimated quantities) $618,823.00
Quantity underruns -$18,704.54
Final contract cost $600,118.46
Previous payments -$501,814.28
Balance due $98,304.18
Strategic priority consideration: St. Louis Park is committed to being a city that delivers reliable
services, uses city resources responsibly, operates transparently and builds strong relationships
with residents.
Supporting documents: Resolution
Prepared by: Sarah Schweiger, engineering services manager
Reviewed by: Debra Heiser, engineering director
Approved by: Cindy Walsh, deputy city manager
Page 2 City council meeting of July 6, 2026 (Item No. 5h)
Title: Resolution authorizing final payment for the 2025 Sanitary Sewer Mainline Rehabilitation project (4025-
3000)
Resolution No. 26-___
Authorizing final payment and accepting work for
2025 Sanitary Sewer Mainline Rehabilitation project
City Project No. 4025-3000
Contract No. 140-25
Be it resolved by the city council of the City of St. Louis Park, Minnesota, as follows:
1.Pursuant to a written contract with the city dated August 4, 2025, Insituform Technologies
USA, LCC has satisfactorily completed the 2025 Sanitary Sewer Mainline Rehabilitation
project, as per Contract No. 140-25.
2.The engineering director has filed her recommendations for final acceptance of the work.
3.The work completed under this contract is accepted and approved. The final contract cost
is $600,118.46
4.The city manager is directed to make final payment in the amount of $98,304.18 on this
contract, taking the contractor's receipt in full.
Reviewed for administration: Adopted by the city council July 6, 2026:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5i
Executive summary
Title: Resolution approving grant agreement with MnDOT for Cedar Lake Road and Louisiana
Avenue Improvement project - Ward 4
Recommended action: Adopt resolution approving grant agreement with MnDOT for Cedar Lake
Road and Louisiana Avenue Improvement project - Phase 2 (project no. 4024-1100).
Policy consideration: None
Summary: As part of the 2023 state legislative session, the State of Minnesota appropriated
$5,000,000 to the city to complete the Cedar Lake Road and Louisiana Avenue Improvement
projects. In 2024, city council authorized three separate grant agreements with the state. To date,
the city has been reimbursed $4,105,052.89 and anticipates receiving an additional $254,900.42 in
engineering and administration cost reimbursements this year.
Amount
Total State appropriation (Local Road Improvement Fund) amount $5,000,000.00
Tree removal agreement 163-296-008 – complete $19,455.00
Right of way acquisition (Phase 1: 4023-1100) agreement 163-296-009 – complete $434,365.45
Engineering and administration agreement 163-296-010 – reimbursed to date $3,651,232.44
Engineering and administration agreement 163-296-010 – expected funds $254,900.42
Remaining amount $640,046.69
The remaining amount of $640,046.69 will be used to fund a portion of the right of way acquisition
costs for phase 2 of the project (4024-1100). To receive the funds, a new grant agreement with the
state needs to be approved.
Financial or budget considerations: This project is included in the city's capital improvement plan
(CIP). The total project cost for Phase 1 and 2of the Cedar Lake Road and Louisiana Avenue is
estimated at $28,614,956.15. A summary of the funding for this project follow:
Funding source
Municipal state aid $6,293,252.68
General obligation bonds $3,344,955.03
Local funds (franchise fees) $84,742.20
Stormwater fee revenue $1,142,207.51
Sanitary sewer fee revenue $348,978.31
Watermain revenue bond proceeds $3,400,820.42
State appropriation (Local Road Improvement Fund) $5,000,000.00
Congressionally directed spending (federal) $2,000,000.00
Federal aid $7,000,000.00
Total $28,614,956.15
Strategic priority consideration: St. Louis Park is committed to providing safe, reliable and well-
maintained infrastructure and neighborhoods that connect people and places with an emphasis on
walking, biking and transit.
Supporting documents: Resolution
Prepared by: Aaron Wiesen, engineering project manager
Reviewed by: Debra Heiser, engineering director
Approved by: Cindy Walsh, deputy city manager
City council meeting of July 6, 2026 (Item No. 5i) Page 2
Title: Resolution approving grant agreement with MnDOT for Cedar Lake Road and Louisiana Avenue Improvement
project - Ward 4
Resolution No. 26-___
Local Road Improvement Grant Agreement
Grant Terms and Conditions
SAP 163-296-007
Whereas, the City of St. Louis Park has applied to the Commissioner of Transportation for a
grant from the Local Road Improvement Fund; and
Whereas, the Commissioner of Transportation has given notice that funding for this project
is available; and
Whereas, the amount of the grant has been determined to be $ 640,046.69 by reason of
the lowest responsible bid,
Now therefore be it resolved that the City of St. Louis Park does hereby agree to the terms
and conditions of the grant consistent with Minnesota Statutes, section 174.52, and will pay any
additional amount by which the cost exceeds the estimate and will return to the Local Road
Improvement Fund any amount appropriated for the project but not required. The mayor, the city
manager and the engineering director are authorized to execute a grant agreement and any
amendments thereto with the Commissioner of Transportation concerning the above-referenced
grant.
Reviewed for administration: Adopted by the city council July 6, 2026:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5j
Executive summary
Title: Resolution authorizing special assessment for sewer service line repair at 3340 Rhode
Island Avenue South – Ward 3
Recommended action: Motion to adopt a resolution authorizing the special assessment for the
repair of the sewer service line at 3340 Rhode Island Avenue South, St. Louis Park, Minnesota.
P.I.D. 17-117-21-23-0046
Policy consideration: The proposed action is consistent with policy previously established by
the city council.
Summary: Thomas Jacobson and Linda Reeve, owners of the single-family residence at 3340
Rhode Island Avenue South have requested the city authorize the repair of the sewer service
line for their home and assess the cost against the property in accordance with the city’s special
assessment policy.
The city requires the repair of service lines to promote the general public health, safety and
welfare within the community. The special assessment policy for the repair or replacement of
water and/or sewer service lines for existing homes was adopted by the city council in 1996.
This program was put into place because sometimes property owners face financial hardships
when emergency repairs like this are unexpectedly required. Plans and permits for this service
line repair work were completed, submitted and approved by city staff. The property owners
hired a contractor and repaired the sewer service line in compliance with current codes and
regulations. Based on the completed work, this repair qualifies for the city’s special assessment
program. The property owners have petitioned the city to authorize the sewer service line
repair and special assess the cost of the repair. The total eligible cost of the repair has been
determined to be $13,360.
Financial or budget considerations: The city has funds in place to finance the cost of this special
assessment.
Strategic priority consideration: St. Louis Park is committed to being a city that delivers reliable
services, uses city resources responsibly, operates transparently and builds strong relationships
with residents.
Supporting documents: Resolution
Prepared by: Beth Holida, office assistant
Reviewed by: Emily Carr, assessing technician
Stacy M. Voelker, administrative coordinator
Austin Holm, utilities superintendent
Jay Hall, public works director
Approved by: Cindy Walsh, deputy city manager
City council meeting of July 6, 2026 (Item No. 5j) Page 2
Title: Resolution authorizing special assessment for sewer service line repair at 3340 Rhode Island Avenue South –
Ward 3
Resolution No. 26-___
Authorizing the special assessment for the repair of the
sewer service line at 3340 Rhode Island Avenue South, St. Louis Park, MN
P.I.D. 17-117-21-23-0046
Whereas, the property owners at 3340 Rhode Island Avenue South have petitioned the
City of St. Louis Park to authorize a special assessment for the repair of the sewer service line
for the single-family residence located at 3340 Rhode Island Avenue South; and
Whereas, the property owners have agreed to waive the right to a public hearing, right
of notice and right of appeal pursuant to Minnesota Statute, Chapter 429; and
Whereas, the city council of the City of St. Louis Park has received a report from the
Utility Superintendent related to the repair of the sewer service line,
Now therefore be it resolved by the city council of the City of St. Louis Park, Minnesota,
that:
1.The petition from the property owners requesting approval and special assessment for the
sewer service line repair is hereby accepted.
2.The sewer service line repair that was done in conformance with the plans and
specifications approved by the Public Works Department and Department of Inspections is
hereby accepted.
3.The total cost for the repair of the sewer service line is accepted at $13,360.
4.The property owners have agreed to waive the right to a public hearing, notice and appeal
from the special assessment, whether provided by Minnesota Statutes, Chapter 429, or by
other statutes, or by ordinance, City Charter, the constitution or common law.
5.The property owners have agreed to pay the city for the total cost of the above improvements
through a special assessment over a ten (10) year period at the interest rate of 5.75%.
6.The property owners have executed an agreement with the city and all other documents
necessary to implement the repair of the sewer service line and the special assessment of
all costs associated therewith.
Reviewed for administration: Adopted by the city council July 6, 2026:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5k
Executive summary
Title: Resolution approving special assessment for sewer service line repair at 3920 Lynn
Avenue South - Ward 2
Recommended action: Motion to adopt a resolution authorizing the special assessment for the
repair of the sewer service line at 3920 Lynn Avenue South, St. Louis Park, Minnesota.
P.I.D. 07-028-24-12-0107
Policy consideration: The proposed action is consistent with policy previously established by
the city council.
Summary: Jeffery Olson and Kelly Peterson, owners of the single-family residence at 3920 Lynn
Avenue South, have requested the city authorize the repair of the sewer service line for their
home and assess the cost against the property in accordance with the city’s special assessment
policy.
The city requires the repair of service lines to promote the general public health, safety and
welfare within the community. The special assessment policy for the repair or replacement of
water and/or sewer service lines for existing homes was adopted by the city council in 1996.
This program was put into place because sometimes property owners face financial hardships
when emergency repairs like this are unexpectedly required. Plans and permits for this service
line repair work were completed, submitted and approved by city staff. The property owners
hired a contractor and repaired the sewer service line in compliance with current codes and
regulations. Based on the completed work, this repair qualifies for the city’s special assessment
program. The property owners have petitioned the city to authorize the sewer service line
repair and special assess the cost of the repair. The total eligible cost of the repair has been
determined to be $9,540.
Financial or budget considerations: The city has funds in place to finance the cost of this special
assessment.
Strategic priority consideration: St. Louis Park is committed to being a city that delivers reliable
services, uses city resources responsibly, operates transparently and builds strong relationships
with residents.
Supporting documents: Resolution
Prepared by: Beth Holida, office assistant
Reviewed by: Stacy M. Voelker, administrative coordinator
Emily Carr, assessing technician
Austin Holm, utilities superintendent
Jay Hall, public works director
Approved by: Cindy Walsh, deputy city manager
City council meeting of July 6, 2026 (Item No. 5k) Page 2
Title: Resolution approving special assessment for sewer service line repair at 3920 Lynn Avenue South - Ward 2
Resolution No. 26-___
Authorizing the special assessment for the repair of the
sewer service line at 3920 Lynn Avenue South, St. Louis Park, MN
P.I.D. 07-028-24-12-0107
Whereas, the property owners at 3920 Lynn Avenue South, have petitioned the City of
St. Louis Park to authorize a special assessment for the repair of the sewer service line for the
single-family residence located at 3920 Lynn Avenue South; and
Whereas, the property owners have agreed to waive the right to a public hearing, right
of notice and right of appeal pursuant to Minnesota Statute, Chapter 429; and
Whereas, the city council of the City of St. Louis Park has received a report from the
utility superintendent related to the repair of the sewer service line,
Now therefore be it resolved by the city council of the City of St. Louis Park, Minnesota,
that:
1.The petition from the property owners requesting the approval and special assessment for
the sewer service line repair is hereby accepted.
2.The sewer service line repair that was done in conformance with the plans and
specifications approved by the public works department and department of inspections is
hereby accepted.
3.The total cost for the repair of the sewer service line is accepted at $9,540.00.
4.The property owners have agreed to waive the right to a public hearing, notice and appeal
from the special assessment, whether provided by Minnesota Statutes, Chapter 429, or by
other statutes, or by ordinance, City Charter, the constitution or common law.
5.The property owners have agreed to pay the city for the total cost of the above improvements
through a special assessment over a ten (10) year period at the interest rate of 5.75%.
6.The property owners have executed an agreement with the city and all other documents
necessary to implement the repair of the sewer service line and the special assessment of
all costs associated therewith.
Reviewed for administration: Adopted by the city council July 6, 2026:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5l
Executive summary
Title: Resolutions supporting DEED redevelopment grant application for Creekline Flats - Ward 3
Recommended action:
•Motion to adopt a resolution authorizing the application for a Minnesota Department of
Employment and Economic Development (DEED) redevelopment grant to support the
Creekline Flats development.
•Motion to adopt resolution accepting a Minnesota Department of Employment and
Economic Development (DEED) redevelopment grant to support the Creekline Flats
development, upon award.
Policy consideration: Does city council want to authorize an application for, and upon award,
acceptance of the grant award to support the Creekline Flats development?
Summary: If awarded, grant funds from DEED will be used to support eligible expenses
associated with the Creekline Flats development located at the current address of 8800
Highway 7, a 208-unit affordable housing development proposed by Broadway Street
Development. Staff will apply for approximately $1 million in grant funds. This request is before
the council because if awarded, the dollar amount accepted may be above the statutory
authority of the city manager.
Broadway Street Development, a local affordable housing developer based in St. Paul,
Minnesota, has a purchase agreement for the former Bremer Bank office building at 8800 State
Highway 7. The redeveloper proposes to demolish the existing building and parking lot and
construct a seven-story, 208-unit all-affordable apartment building. The developer has
submitted a financial assistance application to the city, which is currently under review. The
developer is seeking tax exempt bonds and low-income housing tax credits (LIHTC) from the
state and is working to finalize the unit mix and site plan. The developer’s financial assistance
application will be considered at a future Economic Development Authority meeting.
Financial or budget considerations: Any grant funding received will assist with the project
financial feasibility and may offset the amount of city financial assistance requested for the
project. A 50% match is required, which will be provided by the developer and not by the city.
Finance staff have reviewed this flow-through grant request and have no concerns.
Strategic priority consideration: St. Louis Park is committed to providing a range of quality,
affordable and attainable housing options.
Supporting documents: Resolutions
Prepared by: Dean Porter-Nelson, redevelopment administrator
Reviewed by: Jennifer Monson, economic development manager
Karen Barton, community development director & EDA executive director;
Tiffany Stephens, interim deputy financial director/financial analyst
Approved by: Cindy Walsh, deputy city manager
Page 2 City council meeting of July 6, 2026 (Item No. 5l)
Title: Resolutions supporting DEED redevelopment grant application for Creekline Flats - Ward 3
Resolution No. 26-__
Authorizing a grant application for Minnesota Department of Employment and
Economic Development redevelopment grant for the Creekline Flats development
Be it resolved that the City of St. Louis Park approved the redevelopment grant
application submitted by the City of St. Louis Park to the Department of Employment and
Economic Development (DEED) on or before July 31, 2026, for the Creekline Flats development
site.
Reviewed for administration: Adopted by the city council July 6, 2026:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
Page 3 City council meeting of July 6, 2026 (Item No. 5l)
Title: Resolutions supporting DEED redevelopment grant application for Creekline Flats - Ward 3
Resolution No. 26-__
Committing local match provided by the developer and authorizing contract
signature for the grant application for the Minnesota Department of
Employment and Economic Development Redevelopment grant for the
Creekline Flats development project
Whereas, the City of St. Louis Park desires to apply for, and upon grant application
acceptance, enter into an agreement with DEED to support the Creekline Flats development
project located at 8800 Hwy 7, St. Louis Park; and
Whereas, the City of St. Louis Park acts as the legal sponsor for project(s) contained in the
Redevelopment Grant Program application to be submitted by July 31, 2026, and the city
manager is hereby authorized to apply to the Department of Employment and Economic
Development for funding of this project on behalf of the City of St. Louis Park; and
Whereas, the City of St. Louis Park has the legal authority to apply for financial
assistance, and the institutional, managerial and financial capability to ensure adequate project
administration; and
Whereas, the sources and amounts of the local match identified in the application are
committed to the project identified; and
Whereas, if the project identified in the application fails to substantially provide the
public benefits listed in the application within five years from the date of the grant award, the
City of St. Louis Park may be required to repay 100 percent of the awarded grant per Minn.
Stat. § 116J.575, Subd. 4; and
Whereas, the City of St. Louis Park has not violated any federal, state, or local laws
pertaining to fraud, bribery, graft, kickbacks, collusion, conflict of interest or other unlawful or
corrupt practice; and
Whereas, upon approval of its application by the state, the City of St. Louis Park may
enter into an agreement with the State of Minnesota for the above-referenced project(s), and
that the City of St. Louis Park certifies it will comply with all applicable laws and regulation as
stated in all contract agreements,
Now therefore be it resolved that the mayor, city manager, or successors, are hereby
authorized to execute such agreements and amendments as are necessary to implement the
project on behalf of the City of St. Louis Park.
Reviewed for administration: Adopted by the city council July 6, 2026:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5m
Executive summary
Title: Resolution of support for Sentinel Management Company’s application for a Hennepin
County ERF grant for the Wooddale Station redevelopment project – Ward 2
Recommended action: Motion to adopt a resolution supporting Sentinel Management
Company in their application for a grant from the Hennepin County Environmental Response
Fund (ERF) to support the Wooddale Station Redevelopment project.
Policy consideration: Does the city council support Sentinel Management Company’s
application for a Hennepin County ERF cleanup grant for the Wooddale Station redevelopment?
Summary: The St. Louis Park Economic Development Authority (EDA) entered into a
preliminary development agreement with Sentinel Management Company on March 2, 2026,
to redevelop the Wooddale Station redevelopment site, which includes a city-owned parcel at
5950 36th Street West. The proposed redevelopment includes a new mixed-use building with
approximately 265 apartments, including approximately 58 affordable units and approximately
7,000 square feet of commercial space. If awarded, the ERF grant will support environmental
cleanup and construction costs at the Wooddale Station redevelopment site. The EDA
previously authorized an application by the EDA to the ERF on April 6, 2026. Sentinel
Management Company opted to directly apply to the ERF program at their discretion. This
resolution supports their direct application for, and potential acceptance, of the funds at the
request of the developer.
Financial or budget considerations: Any grant funding received will assist with the project
financial feasibility and may offset the amount of city financial assistance needed for the
project. Adopting the resolution does not obligate the EDA or city to enter into a development
agreement with or provide financial assistance to the developer. Finance staff have reviewed
this flow through grant request and do not have concerns.
Strategic priority consideration: St. Louis Park is committed to providing a broad range of
housing and neighborhood oriented development.
Supporting documents: Resolution
Prepared by: Dean Porter-Nelson, redevelopment administrator
Reviewed by: Jennifer Monson, planning and economic development manager
Karen Barton, community development director/EDA executive director
Tiffany Stephens, interim deputy finance director/financial analyst
Approved by: Cindy Walsh, deputy city manager
City council meeting of July 6, 2026 (Item No. 5m) Page 2
Title: Resolution of support for Sentinel Management Company’s application for a Hennepin County ERF grant for
the Wooddale Station redevelopment project – Ward 2
Resolution No. 26-___
Authorizing application for the Hennepin County ERF grant on behalf of the
Wooddale Station redevelopment project
Whereas, Sentinel Management Company (“developer”) is eligible to make application
for grant funds from the Hennepin County Environmental Response Fund (ERF); and
Whereas, the grant funds will be used for the Wooddale Station redevelopment project
in the City of St. Louis Park; and
Whereas, the developer has the institutional, managerial, and financial capability to
ensure adequate project administration; and
Whereas, upon approval of its application, the developer may enter into an agreement
with Hennepin County for the above referenced project,
Now therefore be it resolved that the mayor and city manager hereby support and
approve Sentinel Management Company’s prior application for a Hennepin County
Environmental Response Fund grant as submitted to the Hennepin County Environment and
Energy Department on May 1, 2026, by Sentinel Management Company, to support the
Wooddale Station redevelopment in St. Louis Park, and authorize Sentinel Management
Company to accept grant funds if awarded.
Reviewed for administration:
____________________________________
Kim Keller, city manager
Attest:
____________________________________
Melissa Kennedy, city clerk
Adopted by the city council July 6, 2026:
____________________________________
Nadia Mohamed, mayor
Meeting: City council
Meeting date: July 6, 2026
Consent agenda item: 5n
Executive summary
Title: Approve quote to supply lighting materials for a replacement project at Keller Baseball
Field in Dakota Park - Ward 1
Recommended action: Motion to authorize execution of a contract with Musco Lighting in the
amount of $185,000 for the purchase of lighting materials to be replaced at Keller Baseball Field
in Dakota Park, Project No. 21261801.
Policy consideration: Does the city council want to proceed with the purchase of lighting
materials for replacement at Keller Baseball Field in Dakota Park?
Summary: The lights at Keller Baseball Field in Dakota Park are 32 years old and scheduled to
be replaced in the 2026 capital improvement plan.
A quote for replacement lighting materials was received in the amount of $185,000. The
replacement will be purchased via the State of Minnesota cooperative purchasing venture with
Musco Lighting. Musco Lighting is a reputable contractor that has completed similar projects in
the past. Staff recommend that a contract be awarded to the firm in the amount of $185,000.
Keller Field is the home field for St. Louis Park High School’s baseball team, the St. Louis Park
Legion and VFW teams.
Financial or budget considerations: This project is included in the Park Improvement Fund
Capital Improvement Plan (CIP) for 2026. The budgeted cost of replacement lights was
$345,000 and the bid received was $185,000. There will be additional costs incurred for
installation. This project is expected to come in under budget.
Strategic priority consideration: St. Louis Park is committed to providing safe, reliable and well-
maintained infrastructure and neighborhoods that connect people and places with an emphasis
on walking, biking and transit.
Supporting documents: None.
Prepared by: Stacy M. Voelker, administrative coordinator
Reviewed by: Larry Umphrey, parks superintendent
Approved by: Cindy Walsh, deputy city manager
Meeting: City council
Meeting date: July 6, 2026
Public hearing: 6a
Executive summary
Title: Public hearing for new liquor license - Best of India Inc dba Best of India
Recommended action:
•Mayor to open public hearing, take public testimony, and close public hearing.
•Motion to approve application from Best of India Inc dba Best of India for on-sale 3.2% and
on-sale wine liquor licenses.
Policy consideration: Does the applicant meet the requirements for issuance of on-sale 3.2%
and on-sale wine liquor licenses?
Summary: The city received an application from Best of India Inc dba Best of India for on-sale
3.2% and on-sale wine liquor licenses for the premises located at 8120 Minnetonka Boulevard.
The premises consists of approximately 1,726 square feet of indoor-only seating with a capacity
of 45. The owners are Ramesh Sheregar and Autul Mondal; Mr. Mondal will serve as the
designated store manager. The application meets the requirements of the zoning and building
divisions.
The police department conducted a background investigation, and nothing was discovered that
would warrant denial of the license. The application and police report are on file in the city
clerk’s office. The required notice of the public hearing was published June 25, 2026. If
approved, the license will not be issued until all requirements have been met with the city,
Hennepin County and the State Alcohol and Gambling Enforcement Division.
Financial or budget considerations: Fees for this applicant are $500 for the police background
check and $1,833.34 for the prorated on-sale 3.2% and wine license effective July 2026.
Strategic priority consideration: Not applicable.
Supporting documents: None.
Prepared by: Amanda Scott-Lerdal, deputy city clerk
Reviewed by: Melissa Kennedy, city clerk
Approved by: Cindy Walsh, deputy city manager
Meeting: Special study session
Meeting date: July 6, 2026
Discussion item: 1
Executive summary
Title: St. Louis Park school district community engagement regarding referendum
Recommended action: None at this time. Leadership from the school district will be in
attendance to share information with the council regarding the St. Louis Park Public School
District referendum.
Policy consideration: None at this time.
Summary: This discussion provides a comprehensive overview of the school district
referendum. Voters will be asked to consider one question for the school district. If the
referendum passes, the funds would replace boilers and related systems at St. Louis Park
Middle School and St. Louis Park High School and provide ongoing funding for building systems,
technology and safety needs. The proposal combines a one-time bond for building
improvements with a capital projects levy that provides ongoing funding.
Financial or budget considerations: None at this time.
Strategic priority consideration: St. Louis Park is committed to being an inclusive, equitable and
vibrant city where everyone feels safe and experiences a strong sense of belonging.
Supporting documents: Referendum Handout, Example Ballot, Ehlers Public Finance Advisors
Tax Calculator for ISD No. 283 St. Louis Park School District, St. Louis Park Public
Schools Referendum Website
Prepared by: Amanda Scott-Lerdal, deputy city clerk
Reviewed by: Melissa Kennedy, city clerk
Approved by: Cindy Walsh, deputy city manager
PROUD PAST
PREPARED FUTURE
WHAT YOU’LL LEARN
LEARN MORE ABOUT THE 2026 REFERENDUM
COMMUNITY INFORMATION SESSIONS
•
•
•
•
•
•
At each session, community
members can learn about:
What is included in the
ballot question
Why the proposal is being
considered now
Estimated tax impact
How funding would be used
How to ask questions and find
more information
Learn more: slpschools.org/referendum
On AuJ. 11, 2026, YoWers Ln SW. LouLs ParN PuEOLF
SFhooOs ZLOO FonsLder one EaOOoW TuesWLon WhaW
LnFOudes WZo parWs:
s A proposed 50 mLOOLon Eond Ior
building improvements
• A proposed capital projects levy to support
ongoing technology, safety and building
system needs
If approved, the proposal would support the
replacement of aging systems at St. Louis Park Middle
School and St. Louis Park High School and provide
ongoing funding for systems used in day-to-day
school operations across the District.
Thursday, May 14 | 5–6 p.m.
St. Louis Park High School Cafeteria
Monday, May 18 | 7–8 p.m.
Aquila Elementary Cafeteria
Thursday, May 21 |6–7 p.m.
Peter Hobart Elementary Cafeteria
Monday, June 1 | 4–5 p.m.
Susan Lindgren Elementary Cafeteria
Thursday, June 4 | 7:30–8:30 a.m.
Park Spanish Immersion Media Center
Wednesday, June 10 | 12–1 p.m.
Lenox Community Center
Thursday, June 18 | 8–9 a.m.
St. Louis Park Middle School Performing
Arts Center
SƉĞĐŝĂů Ɛtudy session meeting of July 6, 2026 (Item No. 1)
Title: St. Louis Park school district community engagement regarding referendum Page 2
and support
WHAT’S ON THE BALLOT?
Voters will consider one ballot question that includes two parts:
Learn more: slpschools.org/referendum
ONE QUESTION. TWO PARTS.
WHY NOW?
The boiler and related building systems at the middle school and high school are original to the buildings
and require significant ongoing maintenance and repairs.
Projects such as boiler and system replacement would still need to be completed over time, regardless of
the outcome of the referendum.
If the proposal is not approved, these costs would need to be paid from the District’s general fund, which
supports day-to-day school operations. This may require adjustments to other budget priorities over time.
ESTIMATED TAX IMPACT
For a home valued at approximately $400,000
Use the tax impact calculator on the District website for
additional property value estimates.
By voting “Yes” on this ballot question, you are voting
for a property tax increase.
PART 1
The proposal includes a $50 million
bond to replace aging boiler
infrastructure and related building
systems at St. Louis Park Middle
School and St. Louis Park High School.
These systems are original to the
buildings and are approximately 70
years old. They require significant
ongoing maintenance and repairs and
are beyond a typical lifespan.
Funding would support deferred
maintenance projects and related
capital improvements connected to
heating and building operations.
Building Improvements (Bond)
PART 2
The proposal also includes a 1year
capital projects levy expected to raise
approximately . million annually.
Proposed uses include:
Cameras, alarms and security
systems
ReNeying doors districtZide
Updated door hardZare to support
secure locNing
Updates to phone and
communication systems
Enhanced visitor management tools
Technology systems, equipment
and support
School Operations, Technology,
and Safety (Capital Projects Levy)
SƉĞĐŝĂů Ɛtudy session meeting of July 6, 2026 (Item No. 1)
Title: St. Louis Park school district community engagement regarding referendum Page 3
Special Election Ballot
School District Ballot
Independent School District No. 283
(St. Louis Park Public Schools), Minnesota
August 11, 2026
___________________________________________________________________________
Instructions to Voters
To vote, completely fill in the oval(s) next to your choice(s) like this:
To vote for a question, fill in the oval next to the word "Yes" for that question.
To vote against a question, fill in the oval next to the word "No" for that question.
School District Question
School Building Bonds; Technology Capital Project Levy Revoke and Replace
The board of Independent School District No. 283 (St. Louis Park Public Schools), Minnesota
has proposed to issue general obligation school building bonds in an amount not to exceed
$50,000,000 to provide funds for the acquisition and betterment of school sites and facilities
including, but not limited to, deferred capital maintenance projects and related capital
improvements at various District facilities. The board of Independent School District No. 283
(St. Louis Park Public Schools), Minnesota has also proposed to revoke its existing capital
project levy authorization of 4.287% times the net tax capacity of the school district and to
replace that authorization with a new authorization in the maximum amount of 10.127% times
the net tax capacity of the school district. The proposed new authorization will raise
approximately $9,860,228 for taxes first levied in 2026, payable in 2027, and will be authorized
for ten (10) years. The estimated total cost of the projects to be funded over that time period is
approximately $98,602,280. The proposed authorization will provide funds for security
equipment, technology related personnel and training, and acquisition, installation, support and
maintenance of software, technology, technology systems and infrastructure.
YES
NO
Shall the issuance of the general obligation school building bonds,
revocation of the existing capital project levy authorization, and the new
capital project levy authorization to proposed by the board of Independent
School District No. 283 (St. Louis Park Public Schools), Minnesota be
approved?
BY VOTING “YES” ON THIS BALLOT QUESTION, YOU ARE VOTING
FOR A PROPERTY TAX INCREASE
Special study session meeting of July 6, 2026 (Item No. 1)
Title: St. Louis Park school district community engagement regarding referendum Page 4
(Reverse side of ballot)
OFFICIAL BALLOT
August 11, 2026
_________________________________
Judge
_________________________________
Judge
(The ballot is to be initialed by two judges)
Special study session meeting of July 6, 2026 (Item No. 1)
Title: St. Louis Park school district community engagement regarding referendum Page 5
Meeting: Special study session
Meeting date: July 6, 2026
Discussion item: 2
Executive summary
Title: 2026 Legislative Session Wrap Up
Recommended action: None.
Policy consideration: None. This is an opportunity for the city council to hear from Momentum Advocacy.
Summary: May 18, 2026 the 94th legislative session officially adjourned.
St. Louis Park was included in the bonding bill for $5.1 million for the Oxford and Louisiana
Area Infrastructure Investments project.
During the 2026 session the city worked with Momentum Advocacy to represent city
interests at both state and federal levels. Members of Momentum Advocacy are here this
evening to speak about the impacts on the city resulting from new legislation.
Financial or budget considerations: N/A
Strategic priority consideration: The legislative positions directly align with all five of the
strategic priorities by design.
Supporting documents: 2026 legislative positions and priorities
2026 end of session summary
Prepared by: Clancy Ferris, legislative & grants analyst
Approved by: Cindy Walsh, deputy city manager
Page 2 Special study session meeting of July 6, 2026 (Item No. 2)
Title: 2026 Legislative Session Wrap Up
Discussion
Background:
State Legislative overview:
The 94th Minnesota Legislature (2025-2026) adjourned sine die (concluded indefinitely,
without setting a date to reconvene) on May 18, 2026. The 2024 elections resulted in a tied
Minnesota House (67-67) and a one-seat Democratic-Farmer-Labor (DFL) majority (34-33) in
the Minnesota Senate. These historically thin margins, coupled with 2026 being an election
year, led to many priorities not advancing.
The legislature will look very different in 2027. All 134 seats in the House, all 67 seats in the
Senate and the five statewide constitutional offices: Governor, Lieutenant Governor, Auditor,
Secretary of State and Attorney General, are all on the ballot. As of today, there are 42
announced retirements, seven House members running for a Senate seat, and ten current
members running for other higher offices.
Federal overview:
117th Congress:
The 2024 election results gave Republicans a narrow majority in both the US House and Senate.
With control of the White House, this means that the Republican party has a trifecta across the
US Executive and Legislative branch. The narrow majority in both chambers are as follows: the
House has 217 Republicans and 212 Democrats, while the Senate has 53 Republicans and 47
Democrats.
In 2025, during the start of the 117th Congress, Republican members passed a major
reconciliation bill: The One Big Beautiful Bill Act (HR1). HR1 was passed with a simple majority
and established funding for Department of Homeland Security, cuts to Medicaid and increased
tax credits. In 2026, we are beginning to see the implementation of this bill trickle down to
state and local governments.
Funding Opportunities:
St. Louis Park has continued to take advantage of federal funding opportunities and has been a
leader in advocacy efforts around immigration enforcement in Minnesota. This legislative
session began with a 75-day shutdown of the Department of Homeland Security (DHS) from
February to April 2026. The shutdown mainly impacted Transportation Security Administration
(TSA) employees and airport operations but had no significant direct impacts to cities.
During the fiscal year 2026 appropriations season, St. Louis Park applied for the Congressionally
Directed Spending (CDS) program with US Representative Omar’s office for the Oxford and
Louisiana Area Infrastructure Investments project and received $250,000, which was confirmed
this year when Congress passed continuing resolution funding for the fiscal year budget. This
year, for fiscal year 2027, the city applied for additional funding for the Oxford and Louisiana
Area Infrastructure Investments project and funding for the Minnetonka Boulevard project
through the CDS process. The Minnetonka Boulevard project was advanced by US
Representative Omar and US Senator Klobuchar’s offices for funding consideration. The results
of this application are still pending.
Page 3 Special study session meeting of July 6, 2026 (Item No. 2)
Title: 2026 Legislative Session Wrap Up
St. Louis Park also applied for a BUILD grant through the Department of Transportation to
support the Oxford and Louisiana Area Infrastructure Investments project. All of the
Congressional offices submitted letters of support for this application.
Advocacy & Operation Metro Surge:
Although Mayor Mohamed, council members and city staff were not able to visit Washington,
D.C. this year, the team met with Minnesota staff from the offices of US Representative Omar,
US Senator Smith and US Senator Klobuchar to discuss their CDS projects and the impacts of
Operation Metro Surge on the city. The conversation with each office focused on the direct
impacts to the City of St. Louis Park’s operations and staff, as well as impacts on local
businesses, employee challenges and resident housing security concerns.
There were a handful of laws passed this session that will impact the City of St. Louis Park and
that were identified as city legislative priorities and positions. These include changes to group
home licensing and registration, one-time property tax rebates and state funding of essential
resident services. These changes, as well as bills of interest to the city that did not become law,
are highlighted in the table below. Note that this table is not meant to provide a full view of all
the laws passed this year but rather feature those that have been recognized as high priority for
both staff and council.
The city’s state bonding priorities included:
1.Oxford & Louisiana area infrastructure investment: this project will repair existing
infrastructure, remove barriers to active transportation and transit, and promote
environmental sustainability and climate preparedness.
a.Awarded $5.1 million in state bonding
b.Awaiting decision on Metropolitan Council regional solicitation grant application
2.Wayzata-Zarthan-16th corridor project: this project will repair existing infrastructure,
remove barriers to access active transportation, transit, affordable housing, commercial
and job centers.
The city’s federal bonding priorities included:
1.Oxford & Louisiana area infrastructure investment: this project will repair existing
infrastructure, remove barriers to active transportation and transit, and promote
environmental sustainability and climate preparedness.
a.Awarded $250,000 through fiscal year 2026 Congressionally Directed Spending
(CDS)
b.Awaiting decision on Federal BUILD grant application
2.Minnetonka Blvd Reconstruction phase 2:
a.Recommended to receive $2 million through fiscal year 2027 Congressionally
Directed Spending (CDS)
2026 city legislative priorities 2026 passed legislation Next steps
Assessing services
Support a legislative proposal that provides cities which offer their
own assessing services the ability to either 1) recoup assessment
costs from the county, for the work performed by those cities or 2)
not be levied by the county for those specific services
None. Continue to support
and seek opportunities
to collaborate with
impacted cities.
Emergency medical services
Support a solution for EMS services that balances the needs of
residents and providers statewide. Support allowing local units of
government to designate which licensed provider may serve their
communities and to determine the appropriate level of service.
Current regulations do not require ambulance services to disclose
important data points that would ensure a community is receiving
quality services.
None. Continue to support.
Group home licensing and registration
Support a repeal of the legislation passed in 2024 that prohibited
all cities from subjecting state licensed group assisted living
facilities licensed under Minn. Stat. § 144G and Minn. Stat. §
245D.02 with six or fewer residents from any city-imposed life
safety rental licensing requirements. The Legislature should
recognize the importance of city rental licensing requirements that
ensure minimum life safety standards and hold providers
accountable and protect residents.
Chapter 121 Human Services Finance &
Policy Bill has several new requirements
for the Department regarding these
licensed facilities:
1) Notification to affected municipality
2) allowing the Commissioner to delegate
inspection responsibilities to the local
unit government
3) Prohibiting the Commissioner to
approve the colocation (adjoining
property) of certain home and
community-based residential settings
4) Interagency agreements with
Department of Health and Human
Services. Commissioners must execute an
interagency agreement that requires the
commissioner of human services to
Need more
information of how
these new
requirements are to be
implemented and
when. (i.e., need to
find out how we can
get the Commissioner
to delegate the
inspection
responsibility to St.
Louis Park for group
homes in our city.)
Page 4 Special study session meeting of July 6, 2026 (Item No. 2)
Title: 2026 Legislative Session Wrap Up
Page 5
2026 city legislative priorities 2026 passed legislation Next steps
determine on behalf of the commissioner
of health whether the proposed location
of an assisted living facility meets the
heighted HCBS setting standards of
245A.042
Housing policy
Support legislation that expands housing opportunities (“missing
middle” housing) across the state that helps to ensure all
communities are planning for and able to accommodate a variety
of housing types by supporting policies that allow local leadership
on zoning and land use changes that are sensitive to individual
community needs and housing goals including incentive-based
approaches and options that can be tailored to each individual
community and oppose policies that seek to impose one-size-fits-all
rigid zoning and land use framework on cities.
None. Continue to support.
Housing TIF district modifications
Support expanding authority for all cities to transfer unobligated
pooled increment from a housing or redevelopment TIF district to
support a local housing trust fund for any eligible expenditure
under Minn. Stat. § 462C.16 and modify the housing district income
qualification level requirements to allow the levels to vary
according to individual communities to support deeply affordable
units.
None. Continue to
collaborate with other
impacted cities.
Light rail and public safety
Support legislation allocating funding to local jurisdictions for
staffing and equipment to support public safety measures related
to the light rail.
None. Continue to support
while working to find
alternative funding
models.
Minnesota Paid Leave
Support legislation that would:
None. Continue to support.
Special study session meeting of July 6, 2026 (Item No. 2)
Title: 2026 Legislative Session Wrap Up
Page 6
2026 city legislative priorities 2026 passed legislation Next steps
a) With respect to ESST, amend Minn. Stat. § 181.9445, subd. 5 to
incorporate a well-defined “public employee” definition, not to
include unique positions in which there is not a formal employer-
employee relationship such as paid appointed advisory, committee,
or commission members, election judges or other nontraditional
positions.
b) Minimize legal mandates to incentivize employers to establish
and/or continue to provide more generous paid leave benefits to
employees. Specifically, eliminate the expansion of mandated
benefits to paid leave previously negotiated in good faith and/or
adopted in personnel policies in excess of what is legally required.
c) Provide funding that pays the full costs of any mandated
employment-related expenditures.
d) Avoid and eliminate expensive and time-consuming duplicative
legal protections and processes for public employees, including
those that preclude promotional probationary periods.
e) Eliminate contradictory existing laws regarding public
employment.
Special study session meeting of July 6, 2026 (Item No. 2)
Title: 2026 Legislative Session Wrap Up
Page 7 Special study session meeting of July 6, 2026 (Item No. 2)
Title: 2026 Legislative Session Wrap Up
2026 city legislative positions 2026 passed legislation Next steps
Adult Use Cannabis
Support a regulatory framework that maintains or
expands local control and removing the fee-cap for
local service. Also support solutions to protecting the
Minnesota hemp-derived cannabinoid industry after
federal changes implemented a cap on THC levels.
Restrictions must be set by ordinance. City
authority over time, place, and manner rules
(including buffers like 1,000 ft from a school) is
unchanged, it just has to be by ordinance now.
Zoning sign-off is now a 30-day deadline. The
city can certify an applicant fails local zoning or
state codes, forcing denial, but miss the 30-day
window and the state can license anyway.
Retail cap math changed slightly. The one-per-
12,500-residents cap now includes the new
"macrobusiness" license and rounds up after
each increment. For St. Louis Park at about
50,000 residents, this could nudge the floor
from four to five.
Update the registration-cap
language to reference
macrobusinesses-with-retail-
endorsement and the round-
up rule and tighten internal
workflow so the 30-day zoning
certification deadline never
lapses by accident.
Property tax rebate program revisions
Support providing additional direct property tax relief
through an expansion of the Homestead Credit Refund
program, the renter’s income tax credit, the targeting
program or other programs that provide property tax
relief directly from the state to taxpayers.
One-time 12% increase to homestead property
tax refunds.
None.
State funding of essential resident services
Support state funding of essential residential services
to lessen or mitigate the impacts of federal policies
$4.9 million one-time appropriation to
Regional Food Bank grants; $5 million one-time
appropriation to MN Food Shelf Program.
$40M for Family Homelessness Prevent and
Assistance Program (FHPAP), can be used for
rental or mortgage assistance.
Continue to support and seek
funding through both city
lobbying and participation in
the Cities for Safe and Stable
Communities coalition.
Present considerations: Not applicable.
Next steps: Staff continue to research additional positions and priorities as they emerge
throughout the year. Priorities that were identified last year will be analyzed and considered for
inclusion in the city’s 2027 legislative priorities.
Tentative 2027 legislative session timeline:
•Nov. 16, 2026 – staff presents draft 2027 legislative positions to council along with
recommended priorities. City council confirms final 2027 positions and priorities.
•Dec. 7, 2026 – council hosts delegation members to share 2027 legislative positions
•Jan. 12, 2027 – legislative session begins
•May 17, 2027 – legislative session ends
Page 8 Special study session meeting of July 6, 2026 (Item No. 2)
Title: 2026 Legislative Session Wrap Up
Meeting: Special study session
Meeting date: July 6, 2026
Written report: 3
Executive summary
Title: Good Governance system kick-off
Recommended action: None at this time.
Policy consideration: None at this time. Each item will include necessary information for
council to consider.
Summary: This report will outline the framework for the good governance system. While staff
has consistently advanced this work, Good Governance is a new strategic priority for the city
and, therefore, is an official “study session system.” It is part of the Vision 4.0 strategic priority
guiding St. Louis park’s identity as “a city that delivers reliable services, uses city resources
responsibly, operates transparently and builds strong relationships with residents.” This annual
system begins in July and concludes in December. Because it concludes the end of the budget
cycle, this system will run congruent with multiple additional systems.
The topics included in this system are: a resolution amending change order policy, 2026
legislative session wrap-up, a memorandum of understanding for union contract changes,
Hennepin County Library land transfer, an elections update, an emergency management table
top exercise, transfer of a LAWCON grant restrictions, a report on the 2027 grants the city has
applied for, an update on the 2026 school district referendum, a review of the 2025 annual
comprehensive financial report (audit), adopting 2027 fees, 2027 base and operating
discussions, utility fee discussion, capital improvement projects (CIP) discussions, 2027
preliminary levy approval, the Truth in Taxation public hearing, and ending in the final 2027
budget and levy adoption.
Financial or budget considerations: None at this time. All reports will include information
about how decisions will affect the levy.
Strategic priority consideration: St. Louis Park is committed to being a city that delivers reliable
services, uses city resources responsibly, operates transparently and builds strong relationships
with residents.
Supporting documents: Discussion
Prepared by: Cindy Walsh, deputy city manager
Reviewed by: Cheyenne Brodeen, administrative services director
Approved by: Kim Keller, city manger
Special study session meeting of July 6, 2026 (Item No. 3) Page 2
Title: Good Governance system kick-off
Discussion
Background: Following a year of deep engagement and community input through the Vision 4.0
initiative, the council officially adopted a new set of strategic priorities in April 2026. These new
priorities were directly shaped by feedback from approximately 1,600 residents.
Good Governance is a new addition to the city’s slate of strategic priorities. During the planning
process to determine updated strategic priorities from the Vision 4.0 initiative, the council
deliberately chose to elevate good governance as a standalone priority.
By formalizing Good Governance as a part of the Vision 4.0 in the strategic priority guiding St.
Louis park’s identity as “a city that delivers reliable services, uses city resources responsibly,
operates transparently, and builds strong relationships with residents,” the city is establishing
clear expectations of ensuring that city operations remain accountable, fiscally sound and that
both staff and the community are supported and engaged.
Present considerations: This series of written reports, consent items and study session
discussions will focus on providing information to council regarding our new strategic priority of
good governance.
Emergency management tabletop exercise: June 15, 2026
Consultants Bob McNaney and Greg Hayes facilitated a discussion with the city council, staff
and attorney regarding elected officials’ role in citywide or local emergencies. Staff from the
departments of police, fire, communications and administrative services assisted as the
exercise concerned city facilities, systems, procedures, services and infrastructure related to
the management of emergencies.
Transfer of LAWCON grant restrictions: June 15, 2026
Staff sought council direction on an opportunity to transfer a portion of the federal LAWCON
restrictions currently associated with property on the far eastern corner of Westwood Hills
Nature Center to land the city intends to acquire from MnDOT for the future expansion of
Webster Park.
Administrative housekeeping items:
• Resolution amending change order
This resolution will establish the authority for the city manager to administratively
approve change orders for amounts under the threshold at which competitive bids are
required by state law.
• Memorandum of Understanding (MOU) for union contract changes
This resolution will allow staff to update language in union contracts by way of an MOU
during the life of the contract.
2026 Legislative wrap up
In July 2026, Momentum Advocacy will present a summary of the 2026 legislative session. The
summary will include background on the state of the legislature, an update on how the city’s
2026 legislative priorities and positions were impacted by legislative actions, and next steps for
Special study session meeting of July 6, 2026 (Item No. 3) Page 3
Title: Good Governance system kick-off
the city to complete in response to passed legislation. In November 2026, Momentum
Advocacy will return to the council to assist in prioritizing the 2027 legislative priorities. Finally,
in December 2026, council will meet with the St. Louis Park delegation to share legislative
priorities; Momentum Advocacy will be available to support.
Hennepin County Library land transfer
Staff will present at a study session to provide an overview and seek policy guidance regarding
the ownership of the Hennepin County Library in St. Louis Park. While the city originally
acquired the land in 1941, records from the 1960’s indicate an agreement to sell the property
to Hennepin County for $190,405.17. However, recent reviews confirm that the city still holds
the legal title, and additional research by both city and county staff has concluded with no
records of downpayments or additional payment transactions. Given this background and
history, staff will be seeking policy guidance on how to proceed.
Elections update
This report provides an overview of information for the upcoming election cycle. It outlines
plans for strategic voter outreach and planned services and priorities for the 2026 election
cycle.
Annual report on grants the city has applied for
Staff will provide a report to council on grants the city has applied for between July 2025 and
June 2026. The update will include the status of grants applied for, projects supported and a
brief overview of grant projects. This is a new item and will be provided to the council on an
annual basis during the good governance system.
Update on school district referendum
School district representatives will be present at a study session to provide information about
the upcoming school district referendum.
2027 Operating budget, CIP, utility rates, preliminary levy approval, Truth in Taxation public
hearing and final levy adoption
Staff will present the 2027 budget through a series of study session discussions and reports. The
city council will be provided with information to prepare for decision-making regarding annual
city fees and levy.
Meeting: Special study session
Meeting date: July 6, 2026
Written report: 4
Executive summary
Title: Disposition of public land adjacent to 2754 Xenwood Avenue South - Ward 1
Recommended action: Council is asked to review the proposed disposition, ask any questions
and alert staff to any concerns with the staff recommendation to sell the property.
Policy consideration: Does the city council support the sale of a parcel to the adjacent property
owner of 2754 Xenwood Avenue South?
Summary: The new owner of 2754 Xenwood Avenue South, Christine Glazer (buyer),
approached the city about acquiring the city land that their driveway is built upon, which
provides access to the garage at the back of their house. The driveway has been on city land
since the house was built in 1956. The parcel is approximately 20 feet wide, 126 feet deep and
2,525 square feet in area.
City staff have reviewed the city’s disposition of public land policy and find that the request
meets all eligibility requirements for the city to permanently dispose of the parcel through a
land sale. It is recommended the city retain a drainage and utility easement over the parcel.
Financial or budget considerations: The land sale proceeds of $15,000 would be directed to the
general fund for public purpose. The buyer has agreed to cover the city’s expenses ($2,000 -
$2,500) related to preparing for and closing on the property in addition to the purchase price.
The property would also return to the tax rolls and the new owner would maintain the parcel
instead of the city.
Strategic priority consideration: Not applicable.
Supporting documents: Discussion
Prepared by: Sean Walther, deputy community development director
Reviewed by: Karen Barton, community development director; Tiffany Stephens, interim
deputy finance director/financial analyst
Approved by: Cindy Walsh, deputy city manager
Special study session meeting of July 6, 2026 (Item No. 4) Page 2
Title: Disposition of public land adjacent to 2754 Xenwood Avenue South - Ward 1
Discussion
Background: The new owner of 2754 Xenwood Avenue South, Christine Glazer, approached the
city about acquiring the city land that their driveway is built upon, which provides access to the
garage at the back of their house. The driveway has been on city land since the house was built
in 1956. At the time, the land was public right-of-way with no road built on it.
Site location map
History:
• The city acquired the parcel for $1 in 1954 to widen the West 28th Street right-of-way.
• The city vacated 20 feet of right-of-way between Xenwood Avenue South and Yosemite
Avenue South in 1962.
• Soon after the vacation, the 20-foot wide parcel adjacent to the property at 2754
Xenwood Avenue South and containing the neighbor’s driveway went tax forfeit.
• In 1965, the state conveyed the land to the City of St. Louis Park for road and utility
purposes.
• In 1995, the restrictions of that state transfer lapsed and the city has fee title to the
parcel without use restrictions.
The new owner of 2754 Xenwood Avenue South would like to obtain the parcel from the city.
They are concerned that not owning the land under their driveway will cloud the title of their
property when seeking to refinance or sell the property in the future.
The city has storm sewer on and near the parcel, and a public trail and underground fiber optic
in the remaining right-of-way south of the parcel.
The city has a disposition of public land policy adopted by city council Resolution No. 097-30.
The policy provides guidance to city staff for evaluating such requests.
Special study session meeting of July 6, 2026 (Item No. 4) Page 3
Title: Disposition of public land adjacent to 2754 Xenwood Avenue South - Ward 1
The Home Rule Charter of the City of St. Louis Park, Section 11.01. Sale of real property, states:
“No real property of the city shall be sold or disposed of except by ordinance or
resolution. The proceeds of any such sale shall be used as far as possible to retire any
outstanding indebtedness incurred by the city in the purchase, construction or
improvement of this or other property used for the same public purpose. If there is no
such outstanding indebtedness, the council may, by a resolution adopted by an
affirmative vote of at least five (5) members of the council, designate some other public
use for such proceeds.”
There is no debt service related to the city’s real property. The city is in contact with Hennepin
County to determine if there are any outstanding obligations to the county that would need to
be settled. Any remaining land sale proceeds would be directed to the general fund for another
public purpose as part of the annual budgeting process.
Present considerations: City staff reviewed the city’s disposition of public land policy and found
that the request meets all eligibility requirements for the city to permanently dispose of the
parcel through a land sale. Staff recommends recording a drainage and utility easement over
the entire parcel and selling the land to the neighboring property owner. Because the land will
be fully encumbered with an easement, we worked with the city assessor to arrive at a
negotiated and recommended sale price of $15,000 for the land. The buyer has agreed to pay
for all the city’s incurred legal fees and closing costs (estimated to range between $2,000 and
$2,500). Upon closing, the buyer would go through Hennepin County’s administrative process
to combine the parcel with their property at 2754 Xenwood Avenue South into one tax parcel.
This should reduce the risk of another tax forfeiture in the future as well as being more
convenient for the buyer.
Next steps: After resolving the question of any outstanding financial obligations to Hennepin
County if the land is sold, staff intend to bring this to the city council as early as July 20, 2026,
for authorization via resolution to sell the property to the neighboring owner.