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HomeMy WebLinkAbout2023/02/13 - ADMIN - Agenda Packets - City Council - Study Session AGENDA FEB. 13, 2023 Members of the public can attend the meeting in person, watch by webstream at bit.ly/watchslpcouncil, or watch on local cable (Comcast SD channel 17/HD channel 859). Recordings are available to watch on the city’s YouTube channel at https://www.youtube.com/user/slpcable, usually within 24 hours of the end of the council meeting or study session. 6:30 p.m. STUDY SESSION – council chambers Discussion items 1. 60 min. REI and fire department – community health 2. 30 min. 2023 Alley Reconstruction (4023-1500) – project update Written reports 3. Managing change in residential areas update 4. 2022 fourth quarter investment report The agenda is posted on Fridays on the official city bulletin board in the lobby of city hall and on the text display on civic TV cable channel 17. The agenda and full packet are available after noon on Friday on the city’s website. If you need special accommodations or have questions about the meeting, please call 952.924.2505. Meeting: Study session Meeting date: February 13, 2023 Discussion item: 1 Executive s ummary Title: REI and fire department-community health Recommended action: None at this time. Policy consideration: Does the council support the trajectory of the St. Louis Park community health work through the Community Health Alliance? Summary: The city has a long track record of focusing on the health and wellness of its residents through a variety of programs and initiatives over the years. The health of the community, along with its resiliency, are critical components of any community risk reduction effort. It is with that in mind that the fire department, along with non-profit organization Care Resource Connection, formed the Community Health Alliance. Through this work, the right resource, at the right time, can be provided to residents and sustained. This reduces the demands on our 911 system, connects the resident to a more equitable level of care and better controls the overall costs of healthcare. The work of the Alliance continues to provide innovative levels of support and the capacity to scale this work to other communities that wish to provide similar levels of support to their residents. Financial or budget considerations: Future action to accept donation from Park Nicollet Foundation for $270,000. Strategic priority consideration: St. Louis Park is committed to being a leader in racial equity and inclusion in order to create a more just and inclusive community for all. Supporting documents: Discussion Prepared by: Steve Koering, fire chief Approved by: Kim Keller, city manager Study session meeting of February 13, 2023 (Item No. 1) Page 2 Title: REI and fire department-community health Discussion Background Medical calls represent at least 70% of a fire department’s 911-response work and, of those, a similar percentage would not require transport to a hospital if other resources were available to the patient. Due to their own pressures, healthcare systems may discharge patients without helpful medical follow up or assigned services; and in too many of these cases, the patient continues to struggle and again utilizes 911, creating a cycle. This cycle disproportionately affects vulnerable residents, who are less likely to have inclusive health care coverage and more likely to be elderly and/or people of color. Since 2014, the St. Louis Park fire department has been actively engaged in intervening in this cycle with the goal of reducing over-utilization of the 911 system by residents who would be better served by connections to other resources. The first generation of this work was the Post Discharge Visit program in partnership with Methodist Hospital and Park Nicollet. In its initial form, the program referred patients to the fire department for post-discharge patient visits. This program was successful early on, however it waned in effectiveness as hospitals struggled to provide referrals to the fire department. Understanding that an updated program model was needed, in 2017 the St. Louis Park fire department partnered with a newly incorporated non-profit, Care Resource Connection. The partnership assessed that it would be a significantly more effective use of resources, and have a greater likelihood of success, if work were up-streamed so that the need for repeated 911 calls was eliminated. To accomplish this, the Community Health Alliance was developed which works to proactively address the social determinants that create the patient’s need. Both parties bring important credibility to the work: firefighters provide the trusted connection with community, and without Care Resource Connection, the fire department would not be recognized as a member of the patient’s care team. The foundation of the Alliance’s success to-date can be attributed to a structured approach which behaves like healthcare outside the walls of the healthcare system. This approach recognizes the program as a member of the patient care team and prioritizes the patient within the entire care team. Today, the Community Health Alliance has been recognized by county, state and national public health agencies as an effective model for maximizing local community-based resources, in collaboration with public health. Current state The Community Health Alliance represents one of the most progressive evolutions in the delivery of community-based care. Its vision is to improve the health and quality of life of community members. Its current focuses include eliminating the need for 911 calls, educating young people to begin careers in health care, providing community outreach to vulnerable populations and improving processes in skilled nursing facilities. The benefits of these streams of work are many and the staff presentation will include relevant statistics. While the focus to-date has been mostly in vulnerable senior populations, the program is expanding to address other needs within the community. Staff expects the program to continue to grow and evolve to meet emerging community needs and remain culturally responsive. Upstreaming resources and eliminating future 911 calls: This program starts with a firefighter identifying the high potential for continued 911 medical calls and asking the patient “are you willing and able to receive help?” Having secured consent, the firefighter refers the patient to a care coordinator who connects directly with the primary care team. The care coordinator acts as a hub, providing resource referrals and transmitting doctor’s orders. Common referrals include safe home visits, care conferences and patient follow up. The program is building toward additional referrals in medication refills, lab draws, and telemedicine. Empowering EMS providers to connect patients with wrap-around care resources is both an expansion on their traditional role and within the scope of their license. It also Study session meeting of February 13, 2023 (Item No. 1) Page 3 Title: REI and fire department-community health places the patient at the center of the healthcare system in both the clinical and non-clinical roles. The experience here in St. Louis Park has been that significant outcome improvements can be experienced, sustained and measured using this structured care model. Educating young people to begin careers in health care: In 2021, the Community Health Alliance, in partnership with Spring Lake Park Schools, introduced the Certified Nurse Assistant program to the high school to meet the demands of students for a healthcare curriculum. In its first year, 50 students completed the class. In 2022, the program was awarded a United Way Purpose Driven Paychecks grant directed at first generation students working towards careers in healthcare paving the way for an additional 100 students to complete the program that year. Another 100 are anticipated to complete the course in 2023. United Way has recognized the unique approach and will be supporting programs in schools mirrored after St. Louis Park’s. At the end of the certification classes, the program hosts a job fair with prospective employers who walk students through the process of applying and securing job interviews. Students stand for a state certification exam, which becomes a stackable credential as they enter the workplace. Providing community outreach to vulnerable populations: The Community Health Alliance has partnered with Perspectives, Inc. to ensure that their clients have the medical resources and education they need. This has included everything from residents having a connection to healthcare insurance, providers and resources from both the community and county. The Alliance developed the Wellness Wednesday curriculum, which includes a focus on women’s and children’s health. The programs are well attended by Perspectives clients. Improving processes in skilled nursing facilities: The program works to reduce the number of incidents requiring 911 response (which triggers fire department and HCMC support). To accomplish this, the Alliance provides regular data feedback to all nursing facilities in St. Louis Park and a care plan is developed for impacted facility residents. The work of the Alliance during the pandemic created a synergy and collaboration amongst all the sites who now meet regularly to share information. Present considerations Expanding partnerships and building social capital within this space is critical. Many have been on the sidelines watching the program’s progress and now see an opportunity to engage. Additionally, the expanded focus to a broader base of residents is bringing attention to the importance of race equity and inclusion in all processes and the significance of intentionally using accepted tools to evaluate the work. To ensure a race equity lens is being applied to the work, staff ask, “who is impacted (either benefiting or burdened) by the work?” and collect and disaggregate data by race. Additionally, as staff are hired to support the program (additional details below), significant focus will include native speaking in relevant languages. Programmatic opportunities that are being explored include: • Culturally relevant mental health resources • Additional education programs at the high school • Subscription programs where families can enroll a family member for care • Hospice home visits Communities throughout Minnesota and the region are recognizing the positive impact of the coordinated approach and considering ways to tailor it to their needs. Next steps While the Alliance has been successful in building the base for this work, achieving the long-term vision will require additional support and tools. As a part of the partnership with Park Nicollet, their Study session meeting of February 13, 2023 (Item No. 1) Page 4 Title: REI and fire department-community health Foundation has agreed to fund the salary and benefits of a full-time care coordinator for three years. (This $270,000 donation will be presented for council adoption on Feb. 21, 2023.) Additional resources are needed for necessary office buildout and vehicle. The Alliance’s ability to implement future programmatic opportunities will also be dependent upon appropriate staffing levels. Leadership is committed to working to utilize grants, pai d interns and continuing to explore value-based contracts with healthcare providers to advance the work. Including community health in Vision 4.0 conversations would help to elevate the profile of the work and the city’s commitment to it. Meeting: Study session Meeting date: February 13, 2023 Discussion item: 2 Executive s ummary Title: 2023 Alley Reconstruction (4023-1500) – project update (Ward 1, Ward 4) Recommended action: Provide staff direction on recommended scope changes to the 2023 Alley project. Council will be asked to take action on this project at the Feb. 21, 2023 council meeting. Policy consideration: Does the city council support staff's recommendation to modify the scope of the 2023 Alley Reconstruction project to allow for additional coordination and stay within the Capital Improvement Plan budget? Summary: On Aug. 1, 2016, the city council updated the city's Assessment Policy to no longer assess property owners for construction of improvements that serve a public benefit. Since alleys serve a benefit to the public, this policy changed the assessment for reconstructing alleys from 100% assessed to property owners to 0% assessment, with the city fully funding the projects. Staff developed a 10-year plan to reconstruct all gravel and bituminous alleyways to concrete pavement. This is the sixth year of these projects and the adopted plan includes ten alley segments. Nine are in the Birchwood and Bronx Park neighborhoods (ward 1) and one is in the Eliot neighborhood (ward 4). Two of these alley segments require additional coordination work before they will be ready for construction. The project involves shaping the alleys, addressing drainage and constructing 10-foot-wide concrete alleys. Reports from the industry indicate that the city should expect inflationary increases in construction costs in 2023. This inflation is due to trucking, labor, and material costs. Capital Improvement Plan (CIP) estimates were developed in June 2022 and, due to great instability in inflation, a minimum inflationary level was factored into the estimate. To have a more accurate estimate, staff reached out to contractors this winter. This resulted in an updated engineer’s estimate that is more in line with what the city may see when bids are opened for this project. This engineer's estimate for all ten alleys is 27% higher than the CIP. While the actual construction cost will depend on bids received, staff did extra work to align the project scope to the adopted budget prior to going to bid. Staff recommends that three alley segments (including the two that require additional coordination work) be removed from the 2023 alley reconstruction project. Construction is anticipated to begin in May, with each alley taking about four weeks to complete. All items are expected to be completed with final restoration by October 2023. Financial or budget considerations: This project is included in the 2023 CIP. Funding will be provided using pavement management (franchise fees) and stormwater utility. Additional information on cost, staff recommended changes to the project scope which affect cost, and funding can be found later in this report. Strategic priority consideration: St. Louis Park is committed to providing a variety of options for people to make their way around the city comfortably, safely and reliably. Supporting documents: Discussion, Alleys location maps, Brunswick Alley map Prepared by: Jack Sullivan, engineering project manager Reviewed by: Debra Heiser, engineering director Approved by: Kim Keller, city manager Study session meeting of February 13, 2023 (Item No. 2) Page 2 Title: 2023 Alley Reconstruction (4023-1500) – project update Discussion Background On Aug. 1, 2016, the city council updated the city's Assessment Policy to no longer assess property owners for construction of improvements that serve a public benefit. Since alleys serve a public benefit, the assessment for reconstructing alleys was eliminated, with the city fully funding the projects using the pavement management fund (franchise fees) and stormwater utility funds. There are 21.2 miles of alleys throughout the city. At the time the assessment policy was updated, 16 miles had a concrete surface and met the minimum standard for an improved alley. The remaining 5.1 miles of alleys were constructed of either asphalt or gravel and considered unimproved. The unimproved alleys require annual maintenance to keep them serviceable. To proactively address the unimproved alleys, the council directed staff to develop a 10-year plan to reconstruct the unimproved alleys. The reconstruction of all unimproved alleys has the following benefits: • Fixing drainage problems – on many of the alleys, there are areas where drainage is blocked or runoff drains onto private property. To address these issues, the alleys require complete reconstruction. • Reduces erosion – where drainage does work, runoff will wash silt and gravel from the gravel alleys into the storm sewer system, ending up in ponds, lakes and wetlands. • Reduces annual maintenance – reconstruction eliminates the need for operations staff to perform maintenance such as grading the gravel alleys and patching potholes in the bituminous alleys. • Improves neighborhood livability – there are times that these alleys are difficult to traverse, resulting in challenges for all users of the alleys, including solid waste vehicles, walkers, bicyclists and automobiles. Project scope This is the sixth year of alley reconstruction and the adopted scope in the CIP includes nine alley segments approximately 3,070 feet in length in the Birchwood and Bronx Park neighborhoods (ward 1) and one alley that is approximately 100 feet in length in the Eliot neighborhood (ward 4). The alleys are a mix of gravel and bituminous pavement. The project involves shaping the alleys, addressing drainage and constructing 10-foot-wide concrete alleys. Staff has completed the design for this project and is ready to go out to bid. However, there are two alleys in this year's project, Alley A and Alley D, that require additional site coordination. For this reason, staff recommends they be removed from the project scope and done in a later year. For cost containment purposes, staff also recommends removing Alley B from the 2023 plan. Information on why staff is making this recommendation is below. Alley A – adjacent to 1840 Jersey Avenue Alley A is adjacent to 1840 Jersey Avenue. This gravel alley serves one property and is effectively a driveway used to access the garage in the back of their property. It is located on platted Franklin Avenue right of way. There is not a public street on this segment of right of way; Franklin Avenue ends in a 3-way intersection at Hampshire Avenue; however, the platted right of way for Franklin Avenue Study session meeting of February 13, 2023 (Item No. 2) Page 3 Title: 2023 Alley Reconstruction (4023-1500) – project update continues through to Louisiana Ave. There is a trail and underground utilities located in this right of way. Alley A – 1840 Jersey Avenue Public works maintains the alley, removing snow, and regrading the gravel. It is not used by solid waste; instead, the bins are brought to the curb for collection as solid waste vehicles drive down Jersey Ave. City code prohibits parking on an alley. Since the property owner parks vehicles on it and it accesses only one garage, this segment acts more like a driveway than an alley. In addition to this home, there are three other single-family homes that have garages in the back of their property with driveways on this right of way for access to a city street. None of the other three driveways are maintained by the city. Staff questions the public benefit for the city to continue to own and maintain the alley. To explore a path forward where the city would no longer be responsible for ownership and maintenance, staff began working with this property owner in August of 2022. Staff recommends removing this alley from the 2023 project so work with the property owner that would shift the maintenance responsibility can continue. This would reduce the construction cost estimate by $31,882.48. Study session meeting of February 13, 2023 (Item No. 2) Page 4 Title: 2023 Alley Reconstruction (4023-1500) – project update Alley D – 2800 block of Brunswick Avenue – private Alley D is shown on the attached location map is east of Brunswick Avenue and south of 28th Street and is currently gravel. The alley provides access to five properties that are addressed off Brunswick Avenue and back up to the Canadian P acific railroad. In 2019, public works staff was made aware that the alley was not on public right of way, making it a private alley. The alley has been maintained by public works for over 40 years. Once staff became aware that this alley was private property, the city needed permission from the property owners to drive on their land in order for the city to continue to maintain this alley and for solid waste vehicles to serve these properties. This permission comes in the form of an easement. All five property owners would need to grant the city an easement to convert this alley to a public alley. A permit from Canadian Pacific is also required and is obtained once all private easements are obtained. Since this alley serves more than one property owner, it was determined that there was a public benefit to having this become a public alley. Staff began communication with these property owners in late 2019 to gauge their interest in this becoming a city-owned and maintained concrete alley. All of them were supportive and the property owners provided, in writing, an intent to grant easement, as well as permission to continue to perform maintenance and solid waste service. Since that time, staff has been working with the property owners on getting the necessary public easements. Due to the proximity of other alleys in the CIP, this alley was incorporated into the 2023 project. These property owners were engaged with the residents throughout the preliminary design process in 2022. However, the residents were cautioned that staff needed all five easements by the end of October 2022 to construct the alley in 2023. Staff extended the deadline until the end of November 2022 to get the necessary easements. At this time, only four of the five easements have been granted. Even if the fifth easement were obtained, at this point there would not be time to work with the railroad. Staff recommends that this alley be removed from the 2023 project and reconstructed later in the program. Removing this alley is estimated to reduce the construction cost by $64,001.81. Project cost considerations The engineer's estimate to reconstruct all ten alleys identified in the 2023 project is significantly greater than the CIP funding. Removing Alley A and D from the project will reduce this cost; however, not enough. Staff considered design changes that could reduce the overall project cost without negatively impacting alley functionality or durability. It was determined that the most viable option is to remove one additional alley segment from this year's construction project to stay within the CIP funding. This year's project has a mix of gravel and bituminous surfaced alleys. While both surface types require annual maintenance, the gravel alleys are more of a concern than the bituminous alleys. Due to this, staff do not recommend removing a gravel alley from the project. Staff reviewed the remaining bituminous alleys and consulted with public works staff to identify alleys that have maintenance concerns and should not be postponed to a future year. In order to identify the remaining alley to be removed from the project, staff reviewed adjacent properties on all alleys within the project to see who would be burdened by the removal of Study session meeting of February 13, 2023 (Item No. 2) Page 5 Title: 2023 Alley Reconstruction (4023-1500) – project update their alley from the 2023 project scope. All adjacent properties are single family homes. Staff reviewed average property values and used Census data to review demographics. Given both the maintenance and equity analyses, staff is recommending removing Alley B on the 2800 block between Florida and Edgewood avenues. The removal of this alley is anticipated to reduce the construction cost by $172,420.06. Bid alternatives Staff has reached out to other communities to determine if the project cost increases have been experienced with recent bid openings. To date, no local communities have opened bids for work that is comparable to the alley reconstruction project. Due to the unknown bidding climate, staff is exploring contingency plans to incorporate Alley B into the bid, as a bid alternate. If the low bid for the base project (Alleys C-1/2,E-H-2) is significantly under the engineer's estimate, there may be budget to allow Alley B to be inserted back into the project and stay within the CIP. Public process An informational meeting was held on Nov. 15, 2022. Twenty-four people were in attendance representing several homes in the project area. The meeting showed all ten alley segments being reconstructed. If the recommended alley segments are removed from the project, staff will reach back out to the affected property owners to notify them of the changes. Financial or budget considerations The following table outlines the estimated project cost and anticipated funding sources for this project. It includes the removal of Alley A, B and D to illustrate the project savings. CIP Engineer's Estimate Construction cost $656,000 $858,867.17 Engineering and administration $99,000 $99,000.00 Subtotal $755,000 $957,867.17 Removal of Alley A $31,882.48 Removal of Alley B $172,420.06 Removal of Alley D $64,001.81 Construction engineering $13,415.22 Subtotal -$281,719.57 Total $755,000 $676,147.60 Funding Sources Pavement management $490,750 $446,257.42 Stormwater utility $262,250 $229,890.19 Total $755,000 $676,147.60 Study session meeting of February 13, 2023 (Item No. 2) Page 6 Title: 2023 Alley Reconstruction (4023-1500) – project update While removing alleys A, B and D allows the estimate for the remaining seven alleys to stay within budget, the actual construction cost will depend on the bids received. Bids will be opened on March 23; if the base bid is lower than the estimate, it will inform staff's recommendation on if there is funding to add Alley B back into the project. Next steps The proposed schedule for the project to facilitate construction completion in 2023: Council approves plans and orders ad for bid Feb. 21, 2023 Open bids March 23, 2023 City council awards construction bids April 3, 2023 Construction May to October 2023 IDAHOAVESJERSEYAVESKENTUCKYAVESLOUISIANAAVES18TH ST W 22ND ST W Jersey ParkJersey Park NorthsideNorthside ParkPark 0 400 800200 Feet 2023 Alley Reconstruction - Jersey Ave S Legend 2023 Alley reconstruction Date: 2/7/2023 A - Gravel Study session meeting of February 13, 2023 (Item No. 2) Title: 2023 Alley Reconstruction (4023-1500) - project update Page 7 2023 Alley Reconstruction - West MINNETONKA BLVD BRUNSWICK AVE SHAMPSHIRE AVE SCOLORADO AVE SGEORGIA AVE SFLORIDA AVE SEDGEWOOD AVE SDAKOTA AVE S28TH ST W 29TH ST W Date: 2/7/2023 Legend 2023 Alley reconstruction 0 500 1,000250 Feet B - Bituminous C1 - Bituminous C2 - Bituminous E - Gravel D - Gravel and needs easements Study session meeting of February 13, 2023 (Item No. 2) Title: 2023 Alley Reconstruction (4023-1500) - project update Page 8 ALABAMA AVE SMINNETONKA BLVD VERNON AVE SXENWOOD AVE SWEBSTER AVE SUTICA AVE SZARTHAN AVE SLAKESTW27TH ST W 29TH ST W 28TH ST W ALLEYYOSEMITE AVE SBirchwoodBirchwood ParkPark Sunshine ParkSunshine Park Keystone ParkKeystone Park 100 0 500 1,000250 Feet 2023 Alley Reconstruction - East Legend 2023 Alley reconstruction Date: 2/7/2023 G - Bituminous F - Bituminous H1 - Gravel H2 - Bituminous Study session meeting of February 13, 2023 (Item No. 2) Title: 2023 Alley Reconstruction (4023-1500) - project update Page 9 2817 BRUNSWICK AVE S 2813 BRUNSWICK AVE S 2809 BRUNSWICK AVE S 2805 BRUNSWICK AVE S 2801 BRUNSWICK AVE S 28TH ST W28TH ST W BRUNSWICK AVE SBRUNSWICK AVE S0 100 20050 Feet Brunswick Ave - 12' Proposed Alley Easement 12' proposed alley easement Study session meeting of February 13, 2023 (Item No. 2) Title: 2023 Alley Reconstruction (4023-1500) - project update Page 10 Meeting: Study session Meeting date: February 13, 2023 Written report: 3 Executive s ummary Title: Managing change in residential areas update Recommended action: None. City council members may relay any questions or comments to staff. Policy consideration: Is the work being done and planned in relation to managing change in residential areas in alignment with the city’s strategic priorities and city council goals? Summary: The city council’s study session workshop on November 7, 2022, developed city council consensus in response to the question, “How can our low-density neighborhoods become more aligned with our adopted strategic priorities?” This activity provided staff with consensus council direction on managing change in low-density residential neighborhoods. It affirmed the strategic priorities and comprehensive plan goals, and prioritized efforts under this topic to support those priorities and goals. Staff summarized the council consensus in a written report on December 12, 2022, at the conclusion of the housing and neighborhood-oriented development system discussion. Staff committed to follow-up in a subsequent report noting what is currently being done, in process, included in work plans and budgets, or unable to be done. The report shares city activities that are underway, in process, included in 2023 work plans, or do not have resources to advance. A great deal of information about city policies, programs and activities were shared in the reports last fall and staff tried not to repeat that information. Financial or budget considerations: Some of the work noted in the report will have financial impacts through programming and staff time. Some of this work is budgeted for in the 2023 budget. Other work may need to be budgeted for in future budget cycles. Strategic priority consideration: St. Louis Park is committed to providing a broad range of housing and neighborhood oriented development. Supporting documents: Discussion, planning commission 2023 work plan, 2022 zoning audit report executive summary, zoning code update approaches and schedules schedule (phased districts approach), station area planning schedule Prepared by: Sean Walther, planning manager/deputy community development director Reviewed by: Karen Barton, community development director Approved by: Kim Keller, city manager Page 2 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update Discussion Background: On September 12, 2022, the city council agreed to discuss the topic of managing change in residential neighborhoods. Council wanted to revisit the Vision 3.0 values, comprehensive plan goals and strategies, and strategic priorities that are closely related to the issue of managing change in existing single-family (low-density) residential neighborhoods. In response, staff conducted a two-part city council study session to first facilitate a focused conversation among the council members to share reflections and insights on current policy guidance around this topic and to help broaden perspectives. Secondly, staff facilitated a workshop that led to consensus-based group decisions. This activity provided staff with consensus council direction on managing change in low-density residential neighborhoods. It affirmed the strategic priorities and comprehensive plan goals, prioritized efforts to support those priorities and goals, and answered the question: How can our low-density neighborhoods become more aligned with our adopted strategic priorities? Page 3 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update How can our low-density neighborhoods become more aligned with our adopted strategic priorities? •Housing Types o Duplexes throughout o More townhomes o Larger family sized homes o Expand number of bedrooms in single-family homes o Multigenerational living o Rezone for duplex/triplex/quad homes at minimal expense o Rowhomes o Create more ADUs (accessory dwelling units) o More duplexes o Smaller lot sizes and smaller homes o Multigenerational housing •Engagement and Education o Neighborhoods create a work plan on how to align with goals o Educating the community on needs o Exposure to strategic priorities – do they know them? o Listen to school district o Equity in neighborhood leadership o Events to ease concerns o Gradual evolution o Eliminate language barriers to housing options •Trees and Nature o Expand / preserve tree canopy o Increase tree canopy o Tree preservation (Legacy tree ordinance +) o Tree preservation incentives or regulation o Limit pesticide weed control o More yards with native plantings •$ (Financing) o NOAH preservation incentives o $ for incentives o Pilot programs o Create 30% AMI (area median income) options o Financial assistance for smart expansion •Culture o Art History Walkable o Cultural events like Wat Promwachirayan o Cultural-specific art o Bike land festivals •Home Ownership o Affordable homes to buy o Entry-level ownership for BIPOC (Black, Indigenous, and People of Color) community o Limit investors to preserve ownership opportunities o More affordable home ownership opportunities Page 4 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update •Complete Neighborhoods o Retail gap analysis o 5- / 15-minute neighborhoods o More places to walk to •Energy Efficient Homes Staff committed to follow-up on the ideas and consensus direction from city council in a subsequent report. The structure of this report follows the headings/themes of the city council’s responses. Described below are the community development department’s efforts and activities that are underway, planned, or do not have resources allocated to advancing them. Housing types: City council affirmed the strategic priority to provide a variety of housing types. Council also affirmed goals, policies, and strategies identified in the comprehensive plan. This category garnered the most responses during the workshop. It also reflected planning and zoning efforts underway to allow for more housing types and is a priority in our work plans. 2022 zoning code audit (completed): The zoning code influences the uses, housing types, housing scale, and development density allowed in the city. The planning and zoning division staff, with input from the planning commission and assistance from a planning consultant, conducted a zoning code audit in 2022. The audit revealed a number of issues that should be addressed, including: the zoning code contains multiple barriers to the development of a range of housing types; the zoning code’s use-based districts approach makes it challenging to use and to achieve the city’s development goals; and the zoning code’s existing structure and format are outdated, excessively long, and lack flexibility. 2023 residential zoning districts amendments (In-process): To address the issues revealed in the 2022 zoning code audit, staff will undertake a comprehensive update of the zoning code. The planning commission’s 2023 work plan includes amending the residential zoning district standards. That effort will emphasize three areas: 1) Allow duplexes in all low-density residential areas on appropriately sized lots; 2) Allow smaller lot sizes and legalize infill development that match smaller lot sizes already present in the city.; and 3) Define more housing types, amend zoning districts to encourage and allow more “missing middle” housing types (i.e. duplex, triplex, fourplex, townhome, small apartment building, etc.), and amend the zoning map to allow them in more areas of the city. City staff will also be recommending edits to the accessory dwelling unit (ADU) rules to reduce or remove some of the design/setback requirements that anecdotally have stalled some people from pursuing them further. Although staff has yet to produce a new unit that is defined as an ADU, policy changes made as part of the ADU adoption have allowed for houses to install second kitchens and living spaces, while having full access throughout the house, in existing single-family houses. It is challenging to quantify the number of these that have taken advantage of this option. ADUs and these types of improvements provide more flexibility to meet the needs of multi-generational and nontraditional households. Work is already underway to amend the residential zoning district regulations. The planning commission’s first study session discussion on the topic is tentatively scheduled for March 1, Page 5 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update 2023. Staff hopes to complete the draft and begin the formal adoption process in September 2023 and complete the approvals by November 2023. The city saw community support for these actions through the Vision 3.0 and 2040 Comprehensive Plan outreach. Additional engagement will be included in the process as the proposed residential zoning regulations begin take shape. 2023 housing market analysis (In-process): Every 5 years, the community development department commissions a housing market analysis to understand current housing conditions and define housing needs for the community. The most recent update was completed in 2017; however, due to the pandemic, the update was postponed a year to allow the housing market to normalize before undertaking the study to ensure a more accurate picture of conditions and needs. The city has contracted with Maxfield Research to conduct the housing study this year. Maxfield Research has begun the study and the full report is estimated to be completed later this summer. The report will be presented to and discussed with the city council at study session during the housing and neighborhood-oriented development system discussion this fall. The study will further inform analysis, priorities, and implementation of the city’s housing programs and policies. Engagement and education: The city engages the community through a variety of methods. The techniques vary based on the public participation goals and the stage of the process, which may range from informing to consulting to collaborating. The city’s strategic priorities are embedded into most of the city’s communications. Informing (Ongoing): The city has expanded tools to help inform. The city website is rich with content, including Vision 3.0 reports, the 2040 Comprehensive Plan, small area plans and studies. Dynamic and compelling tools have been added to the city website to help report the city’s progress on affordable housing, development activity and public art (i.e. multifamily housing dashboard, development dashboard, public art map). There are also numerous housing and economic development activity reports and resource information. Staff help drive people to the website resources periodically through social media posts and newsletter articles that are sent out to the community. Consulting (Ongoing): Many of the above policies documents and plans were developed through consulting or collaborating with stakeholders. This may have occurred via online surveys, open houses, virtual and in-person neighborhood meetings, “tabling” at community events, pop-up events in neighborhoods, and recruitment of community leaders to help lead major planning efforts through steering committees or focus groups. The comprehensive plan process included a plan-by-neighborhood chapter and companion community education and input process to help neighborhoods visualize the components of the comprehensive plan as they related to their geographic area. Staff continues to creatively reach out to broader audiences and meet with people where they are, rather than just inviting them to come to city-hosted meetings. Recent examples of this include both the Historic Walker Lake and Texa-Tonka Small Area Plans that were created following the comprehensive plan process. Page 6 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update Collaborating (Ongoing): City boards and commissions are an enduring group of community members with whom staff collaborate closely. The community development department liaisons most frequently with the planning commission, board of zoning appeals and housing authority board. The planning commission’s 2023 work plan includes a major planning effort for the areas around all three METRO Green Line Extension stations, as well as the West Excelsior Blvd Corridor (west of Hwy 100). The plans for these areas are now 10-20 years old. Staff will be engaging the community in 2023 to review the current context of these areas, better align the plans with the comprehensive plan and strategic priorities, and develop and communicate community goals to residents, business owners and institutions, and potential development community. These refreshed plans will also inform future efforts to update the city’s land use and zoning maps and zoning regulations to help implement the goals. Occasionally short-term steering committees or task forces are established to address specific plans and issues., Vision 3.0 process and the Historic Walker Lake and Texa-Tonka small area plans all utilized steering committees of stakeholders that helped review the processes, communications, and final document recommendations. Staff intends to form a steering committee to work on the station area plans, as well. Page 7 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update Trees and nature: Landscaping requirements for developments (completed): The city zoning code has robust landscaping requirements for new development and new subdivisions; as well as tree preservation and replacement regulations. Landscaping requirements for single family residential (not currently programmed): Limited resources and the practicality of enforcing additional regulations that might extend to existing residential areas or new single-family houses on existing lots may present challenges as have been discussed in previous council study sessions over the years. Elements of this topic were raised during both the connected infrastructure and housing and neighborhood-oriented development systems in 2022 and were ultimately deferred. The city council and city staff will have an opportunity to revisit these discussions in a comprehensive manner during the environmental stewardship system discussion with the city council in 2023. Financing: The city has several tools to facilitate the city’s housing goals. NOAH preservation and affordable housing development programming (ongoing): The Legacy program targets both multi-family and single-family owners to help preserve naturally occurring affordable housing (NOAH) in the community. This program encourages multi-family NOAH property owners to sell to a non -profit or mission-oriented developer when they are ready to divest their property. Single-family homeowners are encouraged to sell their property directly to Homes Within Reach land trust to maintain a legacy of affordable homeownership into the future. The city budgets financial support for Homes Within Reach annually. The city also offers a down payment assistance (DPA) program and first-generation homeownership program to lower income persons to make homeownership and wealth building more accessible. Staff is currently assembling outside resources for multifamily NOAH land trust pilot project and has secured $3 million to date. Staff continues to respond to strategic acquisition opportunities to further advance affordable rental and homeownership in the city. Staff is currently working with a non-profit developer to redevelop 4 single-family parcels that we acquired over a multi-year period. The property will be redeveloped with 8 ownership twin homes that will be sold to lower income households. The most challenging area of affordable housing is addressing the needs of extremely low- income households. It takes significant resources to create housing in this category. However, we have had success creating 30% area median income (AMI) options through the inclusionary housing policy and use of the city’s affordable housing trust fund (AHTF). In the past three years, 39 new 30% AMI units have been approved utilizing these two tools. Additionally, we provide funding assistance to households through the Kids in the Park program, which added 10 additional families in 2023 increasing the number of households served from 20 to 30, and almost 300 rent assistance vouchers administered by the housing authority. Staff routinely Page 8 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update applies for additional vouchers through various federal programs and has been successful in securing additional vouchers the past several years. Home Ownership: Residential zoning code changes (in-process): The proposed residential zoning code amendments could provide a few more opportunities for infill development of smaller lot single-family houses or twin homes. The EDA and city continue to work with the Greater Metropolitan Housing Coalition land trust to develop new affordable ownership housing on the sites we acquired on the south side of Minnetonka Boulevard near Lake Street. NOAH preservation and affordable housing development programming (ongoing): The city’s down payment assistance and first-generation homeownership programs mentioned above are two important programs for making home ownership more affordable. The city’s continued financial support of Homes Within Reach also creates affordable homeownership opportunities. Legislative advocacy (ongoing): We will also be monitoring activity by institutional investors in single-family rentals to determine if interventions are required, and we are tracking bills at the State legislature regarding this issue. Culture: City staff recognizes the community interest in having local and diverse cultural exchanges and representation in the arts and community events. Public art and cultural programming (ongoing/in-process): The community development department helps with some aspects of logistics and special event permitting related to our ongoing arts and culture grants, in partnership with St. Louis Park Friends of the Arts. In addition to maintaining the public art map, city staff are implementing recommendations from the public art equity audit both in our arts process, both in the committees that select artists and have input into requests for proposals, intentional shifts in the language and advertising of public art grant solicitations, and focused attention to better align funded activities closely the community’s strategic priorities. Though this report focuses on community development department’s role, we would be remiss if we did not mention the significant parks and recreation department programming that highlights multicultural music and cultural exchange in the community, such as concerts at the amphitheater, Black History Month spotlight in the parks of Black/African American city and school district employees this year, the city’s first Juneteenth celebration in 2022, and a growing list of other examples. Complete neighborhoods: Consideration of commercial nodes in residential neighborhoods (not currently programmed): Later phases of efforts to update the zoning code and map may consider code or map amendments to broaden locations where small businesses and neighborhood commercial services could be offered. To support more businesses in more areas of the city generally requires more households in a service area and/or intersections with higher levels of traffic. We have not programmed any commercial market analysis of the city. Page 9 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update Energy efficient homes: Residential energy efficiency (ongoing): The building and energy department leads the city’s climate programs and collaborates with community development staff. The programs tailored to low density housing are summarized below. In 2023, the city replaced its residential energy efficiency rebate matching program with a new program for one- to four-unit homes, “Climate Champions for Homes.” Under this program, the city will match utility rebates for energy efficient equipment and air sealing/insulation projects. Utility rebates are not yet available for heat pumps and heat pump water heaters, so the city will provide direct rebates up to $2,500 and $1,000, respectively. Higher cost share amounts will be provided to properties that fall into specific environmental justice priority areas. To qualify, residents must have a Home Energy Squad “Planner” visit (or have received one within the past 36 months) so that they understand which projects will provide the greatest energy efficiency benefit. Any property that completes a “Climate Champions for Homes” project is eligible for a rooftop solar cost share bonus from the city, with the dollar amount tied to the percentage of greenhouse gas emissions reduced under their energy efficiency/electrification project. St. Louis Park is collaborating with other Minnesota cities to create an educational website and engagement initiative for residents called “Electrify Everything MN.” More information will be coming soon. Page 10 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update Planning commission 2023 work plan Time Frame Initiative Strategic Priorities Purpose (see last page for definitions) Ongoing Review development applications; hold study sessions and hearings in order to make informed recommendations to city council. ☐New Initiative ☒Continued Initiative ☒Ongoing Responsibility ☐1 ☐ 2 ☒3 ☐ 4 ☒5 ☐N/A ☐Commission Initiated Project ☐Council Initiated Project ☐Report Findings (council requested) ☒Formal Recommendation (council requested) Ongoing Identify strategies to broaden participation and reduce barriers to public participation. ☐New Initiative ☒Continued Initiative ☒O ngoing Responsibility ☒1 ☐ 2 ☐3 ☐ 4 ☒5 ☐N/A ☐Commission Initiated Project ☐Council Initiated Project ☐Report Findings (council requested) ☒Formal Recommendation (council requested) Q1 2023 –Q4 2023 Update light rail station area plans ☐New Initiative ☒Continued Initiative☐Ongoing Responsibility ☐1 ☐ 2 ☒3 ☒ 4 ☐5 ☐N/A ☐Commission Initiated Project ☒Council Initiated Project ☐Report Findings (council requested) ☒Formal Recommendation (council requested) Q2 2022 –Q3 2023 Review residential districts, including two- family dwelling units (twin homes and duplexes) on appropriately sized lots in low density residential areas. ☒New Initiative ☐Continued Initiative☐O ngoing Responsibility ☐1 ☐ 2 ☒3 ☐ 4 ☐5 ☐N/A ☐Commission Initiated Project ☒Council Initiated Project ☐Report Findings (council requested) ☒Formal Recommendation (council requested) Q4 2022 –Q1 2023 Review temporary use regulations ☐New Initiative ☒Continued Initiative☐Ongoing Responsibility ☐1 ☐ 2 ☒3 ☐ 4 ☐5 ☐N/A ☒Commission Initiated Project ☐Council Initiated Project ☐Report Findings (council requested) ☒Formal Recommendation (council requested) Q3 2023 -Q2 2024 Transit oriented development zoning regulations ☒New Initiative ☐Continued Initiative☐O ngoing Responsibility ☐1 ☒ 2 ☒3 ☒ 4 ☐5 ☐N/A ☐Commission Initiated Project ☒Council Initiated Project ☐Report Findings (council requested) ☒Formal Recommendation (council requested) Page 11 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update Q2-Q3 2024 Hold a planning commission meeting at an off-site location to foster community relationships. ☒New Initiative ☐Continued Initiative ☒Ongoing Responsibility ☐1 ☐ 2 ☐3 ☐ 4 ☒5 ☐N/A ☒Commission Initiated Project ☐Council Initiated Project ☐Report Findings (council requested) ☐Formal Recommendation (council requested) Q3-Q4 2024 Racial equity and inclusion training. Possibly joint training with other boards and commissions like ESC and police advisory commission. Alternatively, staff will share information or resources regarding the latest city policies and activities that intersect with the planning commission’s work plan. ☒New Initiative ☐Continued Initiative☐O ngoing Responsibility ☒1 ☐ 2 ☐3 ☐ 4 ☐5 ☐N/A ☐Commission Initiated Project ☐Council Initiated Project ☐Report Findings (council requested) ☒Formal Recommendation (council requested) Parking Lot Items that are being considered by the board/commission but not proposed in the annual work plan are included in the “parking lot” below. Future council approval will be needed if the board/commission decides they would like to move forward with an initiative. Initiative Comments Water conservation and water recycling Explore ways to encourage reduced water use, capture and reuse of storm water, and protect ground water resources. Housing analysis Explore setting policy targets for different housing types in the city based on present inventory and unmet demand and promote homeownership opportunities as well as inclusionary housing goals. Transitional industrial zoning district This item was identified in the comprehensive plan. Several amendments have been made to the existing industrial districts that reflect elements of this idea through applicant-driven requests in the past two years. For this reason, it is a lower priority. City of St. Louis Park Strategic Priorities 1.St. Louis Park is committed to being a leader in racial equity and inclusion in order to create a more just and inclusive community for all. 2.St. Louis Park is committed to continue to lead in environmental stewardship. 3.St. Louis Park is committed to providing a broad range of housing and neighborhood oriented development. 4.St. Louis Park is committed to providing a variety of options for people to make their way around the city comfortably, safely and reliably. 5.St. Louis Park is committed to creating opportunities to build social capital through community engagement. Page 12 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update Zoning Code Audit Executive Summary December 16, 2022 Purpose of code audit In 2022, the City of St. Louis Park undertook this Zoning Code Audit to identify current zoning code issues, opportunities for improvements, and priorities for code updates. Since the city’s last full zoning code update occurred in 1992, the city has identified the need for a comprehensive review and update of the zoning code. Over the last 30 years, targeted updates have been made to address specific needs, but a comprehensive update has not been completed to address code inconsistencies, eliminate redundancies, and improve usability. A zoning code update is also needed to complete implementation of the 2040 Comprehensive Plan that was adopted in 2019. The Zoning Code Audit was led by HKGi, a Minneapolis-based consulting firm with extensive experience in zoning code audits and updates, as well as previous experience and familiarity with St. Louis Park’s planning and zoning issues. Code Audit Components The Zoning Code Audit consists of two components: 1.Zoning Code Structure Audit – General evaluation of the overall zoning code structure and ease of use. The audit also included research and analysis related to alternative zoning code approaches, including form-based codes, performance-based codes, unified development codes, and hybrid codes. 2.Housing Types Barriers Audit - Focused evaluation of the zoning code’s barriers to allowing a broad range of housing types. Findings and recommendations Findings 1.Zoning code contains multiple barriers to the development of a range of housing types. •80% of the city’s residential zoned land allows only single-family detached houses. •Structure of the residential districts prioritizes single-family housing and separating it from other housing types. •Zoning code does not define a broad range of housing types, e.g. “Missing Middle Housing.” •Density/lot size standards do not support a range of housing types. •Most housing types are not permitted without specific conditions or a CUP. 2.Zoning code’s use-based districts approach makes it challenging to use and to achieve the city’s development goals. •Existing use-based districts don’t reflect modern development practices. •Code‘s focus on use-based districts results in redundancy and an excessively long code. •Code’s excessive reliance on conditions for uses makes it more complex and less flexible. 3.Zoning code’s existing structure/format is outdated, excessively long, and lacks flexibility. •Code’s multiple levels of standards (all districts, district types, district-specific, use-specific) results in inconsistencies and makes it confusing to use. Page 13 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update •Reliance on text and lack of tables/graphics makes the code excessively long and hard to use. Recommendations 1.Conduct a comprehensive review and update of the zoning code. •A full code update will ensure a more unified development code •Reorganize articles/divisions/sections, particularly related to multiple levels of standards. •A phased approach could enable priority updates to occur prior to a full code update, e.g. removal of barriers to development of housing types. 2.Transition from the existing code’s use-based residential uses and districts to more flexible housing types and mixed residential/use districts. •Update residential uses to include Missing Middle Housing. •Update residential uses standards (dimensional, density, architectural, performance, etc.). •Update/consolidate residential districts. 3.Transition from the current use-based structure/format to a hybrid and streamlined/unified development code. •Mix of use-based and form-based districts and standards. •Tables for uses, standards, and procedures will reduce redundancies and inconsistencies. •Tables and graphics will reduce the code’s complexity and increase its ease of use. Planning commission’s comments •Based on today’s allowed housing types in residential districts and the current zoning map, many neighborhoods have no chance for mixed-density residential development. •The city could overlay R-1 and R-2 lot area/width analysis maps on the mapped neighborhoods with racially restricted covenants to identify the overlap of single-family residential subdivisions and zoning with racially restricted covenants. •In some neighborhoods, most lots do not meet the applicable R-1 or R-2 minimum lot area/width standards. •Need for understanding patterns in the lot sizes of single-family zoning, e.g. era the houses were built, proximity of the housing to natural areas (creeks, lakes, nature preserves), other patterns noted in the meetings. •The desire to have residential districts’ names and regulations focused on what can be built there, not who lives there (single-family, two-family, etc.). For example, the code’s duplex language is focused on the built form of the housing. •Important to identify the high-level comprehensive plan goals and strategies that relate to and support the zoning code audit. •It would be beneficial to have a sense of people not being able to find affordable housing and the impacts of the residential districts’ regulations on this situation. Page 14 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update Page 15 Study session meeting of February 13, 2023 (Item No. 3) Title: Managing change in residential areas update Station Area Planning Schedule Meeting: Study session Meeting date: February 13, 2023 Written report: 4 Executive s ummary Title: 2022 fourth quarter investment report Recommended action: None at this time. Policy consideration: Reporting on investments each quarter is part of our financial management policies. Summary: The quarterly investment report provides an overview of the City’s investment portfolio, including the types of investments held, length of maturity and yield. Financial or budget considerations: The total portfolio value on December 31, 2022, is $98.6 million. Approximately $38.5 million of the portfolio is invested in securities that include certificates of deposit, U.S. Treasury notes, federal agency bonds and municipal debt securities with maturity dates ranging from less than a year up to 6 years. The remainder of the portfolio is invested in money market accounts so that cash is available for capital project expenditures, debt service and operating cashflow needs between property tax settlements, as well as future investment opportunities. Interest rates on both the money market accounts and new securities purchased increased again in the fourth quarter. The overall yield to maturity of the portfolio is 2.88% compared to 1.97% last quarter and .52% at the end of 2021. Strategic priority consideration: Not applicable. Supporting documents: Discussion Investment Portfolio Summary Prepared by: John Cooper, accountant Reviewed by: April Weller, finance manager Approved by: Kim Keller, city manager Study session meeting of February 13, 2023 (Item No. 4) Page 2 Title: Fourth quarter investment report (Oct – Dec 2022) Discussion Background: The City’s investment portfolio is focused on cash flow needs and investment in longer term securities in accordance with Minnesota Statute 118A and the City’s investment policy objectives of: 1) preservation of capital; 2) liquidity; and 3) return on investment. Present considerations: The total portfolio value increased by $10.9 million to $98.6 million between September 20, 2022, and December 31, 2022. The increase is due to available cash being placed in the money market and purchases of additional Treasuries from the receipt of the second half property tax settlement. We anticipate the overall investment portfolio to decrease in the first quarter of 2023 due to debt service payments due on February 1, 2023. Interest rates continued to increase in the 4th quarter. The overall yield to maturity of the portfolio is 2.88% up from 1.97% on September 30 and .52% at the end of 2021. This is the combined yield including both liquid funds held in money market accounts and long-term investments. Interest rates on money markets were near zero at the end of 2021 but are now over 3%. The two-year Treasury, a benchmark used by cities for yield comparison of their portfolio, has gone from .73% on December 31, 2021 to 4.41% on December 31, 2022. As securities mature in the portfolio and are replaced with new investments, we anticipate the yield to maturity will continue to increase. The money market accounts ensure there is cash available to fund payroll, operating and capital project expenses and debt service payments between the June/July and December property tax settlements, as well as one-time cash requirements such as the loan to STEP and the purchase of the commercial building at 4300 36 ½ Street earlier this year. It also keeps cash available for buying new investments in the higher interest rate environment. Approximately $4.25 million of Treasury notes and CD’s will mature by the end of the 4th quarter. These maturities are structured for payment of debt service on February 1, 2023. A breakdown of the portfolio at December 31, 2022 compared to September 30, 2022 is shown below and in more detail in the attachment. Next steps: None at this time. 9/30/22 12/31/22 <1 Year 71% 69% 1-2 Years 7% 12% 2-3 Years 11% 12% 3-4 Years 6% 3% >4 Years 5% 5% 9/30/22 12/31/22 Money Markets/Cash $47,988,284 $54,342,843 Commercial Paper/Other $5,493,635 $4,395,152 Certificates of Deposit $3,193,207 $2,688,763 Municipal Debt $8,149,120 $9,730,674 Agencies/Treasuries $22,914,229 $26,298,679 City of St. Louis Park Investment Portfolio Summary Decwember 31, 2022 Institution/Broker Investment Type CUSIP Maturity Date Yield To Maturity Par Value Market Value at 12/31/2022 4M Fund Liquid Asset Money Market 3.48%20,944,702 20,944,702.4 728,876 4M Fund Term Series 11/30/2023 4.60% 5,000,000 5,000,000 230,000 4M Fund Plus Money Market 3.45%28,280,647 28,280,647 975,682 UBS Institutional Money Market 2.31% 117,494 117,494 2,714 54,342,843 UBS Comm Paper - First Boston NY 2254EBNP2 01/23/2023 3.93% 395,152 395,152 15,529 4M Fund CD - Collateral - Pentagon Federal Credit Union, VA 01/20/2023 0.50% 5,000,000 5,000,000 25,000 5,395,152 UBS CD - Texas Exchange Bk TX 88241TNG1 02/04/2025 1.35% 245,000 229,126 3,308 UBS CD - Amer Express Natl UT 02589ABM3 03/03/2025 1.80% 245,000 230,969 4,410 UBS CD - CDG Community Bank, MD 12527CFL1 03/11/2026 3.80% 245,000 239,426 9,310 UBS CD - Goldman Sachs Bank UT 38149M3C5 03/16/2026 2.00% 245,000 226,177 4,900 UBS CD - Comenity Bank DE 981993FX1 03/18/2026 2.00% 200,000 183,300 4,000 UBS CD - Capital One Bank VA 14042RQZ7 05/04/2026 3.00% 245,000 233,110 7,350 UBS CD - Capital One Bank VA 14042TFV4 05/04/2026 3.00% 245,000 233,110 7,350 UBS CD - National Bank WI 633368GC3 06/03/2026 3.10% 245,000 233,544 7,595 UBS CD - State Bank of Indi NY 856285E98 02/01/2027 1.75% 245,000 219,322 4,288 UBS CD - Beal Bank Plano TX 07371AYL1 02/17/2027 1.85% 245,000 219,914 4,533 UBS CD - Beal Bank NV 07371CG37 02/17/2027 1.85% 245,000 219,914 4,533 UBS CD - Medallion Bank UT 58404DNF4 03/08/2027 2.00% 245,000 220,850 4,900 2,688,763 UBS Muni Debt - San Jose CA Txbl GO 798135H51 09/01/2023 2.13% 650,000 639,561 13,845 UBS Muni Debt - Westminster Colo Pub Schools 960666AC9 12/01/2023 2.60% 840,000 808,853 21,874 UBS Muni Debt - New York St Urban Dev Bds 64985TAZ4 03/15/2025 1.90% 300,000 283,545 5,712 UBS Muni Debt - S. Washington Co Sch Dist 840610QK8 06/01/2025 3.29% 250,000 250,685 8,235 UBS Muni Debt - S. Washington Co Sch Dist 840610QK8 06/01/2025 3.25% 375,000 376,028 12,191 UBS Muni Debt - Univ of Calif Gen Rev Bds 91412GU94 07/01/2025 2.51% 600,000 577,002 15,042 UBS Muni Debt - New York City Trans Fin Auth Bds 64971XAW8 08/01/2025 3.42% 240,000 227,508 8,208 UBS Muni Debt - CA St Univ Bds 13077DQD7 11/01/2025 1.51% 750,000 671,183 11,355 UBS Muni Debt - Nassau Cnty NY Interim Fin Auth 631663RF0 11/15/2025 3.39% 140,000 124,117 4,743 UBS Muni Debt - New York NY City Transit 64971XSW9 5/1/2026 4.70% 200,000 176,720 9,390 UBS Muni Debt - New York NY City Transit 64971XSW9 5/1/2026 4.64% 195,000 172,302 9,046 UBS Muni Debt - Massachusetts St Sch Bldg Bds 576000ZF3 08/15/2026 3.00% 700,000 614,425 21,000 UBS Muni Debt - Massachusetts St Sch Bldg Bds 576000ZF3 08/15/2026 3.46% 350,000 307,213 12,107 UBS Muni Debt - LAKE CO IL CONS S/D # 50 508624LP6 11/1/2026 4.64% 110,000 96,103 5,100 UBS Muni Debt - NEW YORK NY CITY TRANSI 64971XMF2 11/1/2026 4.63% 135,000 121,773 6,249 UBS Muni Debt - North Dakota Pub Fin Auth 65887PWD3 12/01/2026 1.35% 500,000 445,310 6,755 UBS Muni Debt - New York City Trans Fin Auth Bds 64971XLS5 05/01/2027 3.63% 160,000 141,597 5,805 UBS Muni Debt - La Habra CA Pension Oblig Bds 503433AF1 08/01/2027 1.90% 500,000 438,435 9,510 UBS Muni Debt - NEW YORK NY CITY TRANSI 64971XD39 8/1/2027 4.70% 225,000 190,001 10,582 UBS Muni Debt - Alabama Fed Aid Hwy 010268CP3 09/01/2027 1.50% 700,000 605,633 10,521 UBS Muni Debt - Connecticut St Health Auth Bds 20775DLB6 11/01/2027 2.16% 500,000 428,550 10,800 UBS Muni Debt - New York Taxable GO Bnds 64966ML31 12/01/2027 2.23% 400,000 378,468 8,928 UBS Muni Debt - LAKE CNTY IL CMNTY CONS 508759KL0 1/1/2028 4.77% 115,000 108,667 5,480 UBS Muni Debt - LAKE ZURICH IL 511444RK9 2/1/2028 4.79% 140,000 128,474 6,703 UBS Muni Debt - NEW YORK NY CITY TRANSI 64971XSY5 5/1/2028 4.77% 410,000 340,316 19,557 UBS Muni Debt - New York City Trans Fin Auth Bds 64971XD47 08/01/2028 1.95% 500,000 411,635 9,735 UBS Muni Debt - San Ramon Valley CA Uni Tax 7994082H1 08/01/2028 1.69% 500,000 423,415 8,450 UBS Muni Debt - WHEATON IL CORP PURP 962727PB3 12/1/2028 2.07% 140,000 117,683 2,898 UBS Muni Debt - NEW YORK ST URBAN DEV CO 64985TDF5 3/15/2029 2.25% 150,000 125,475 3,375 9,730,674 UBS US Treasury Note 912828N30 12/31/2022 2.78% 1,675,000 1,475,000 46,565 UBS US Treasury Note 912828N30 12/31/2022 2.51% 1,475,000 1,675,000 37,023 UBS FHLB 3130AJ7E3 02/17/2023 1.44% 620,000 617,737 8,928 UBS US Treasury Note 912828R69 05/31/2023 2.53% 350,000 988,240 8,855 UBS US Treasury Note 912828R69 05/31/2023 1.83% 1,000,000 345,884 18,300 4M Freddie Mac 3137EAEY1 10/16/2023 4.44% 1,000,000 964,487.53 44,400 UBS US Treasury Note 912828T91 10/31/2023 1.55% 75,000 73,140 1,163 UBS US Treasury Note 912828T91 10/31/2023 1.48% 450,000 438,840 6,660 4M US Treasury 91282CDV0 01/31/2024 4.44% 1,000,000 959,648.00 44,400 UBS FHLB 3130AFW94 02/13/2024 2.58% 500,000 487,860 12,900 4M US Treasury 912828X70 04/30/2024 4.44% 1,000,000 965,156.00 44,400 UBS US Treasury Note 912828XX3 06/30/2024 1.55% 600,000 1,010,216 9,300 UBS US Treasury Note 912828XX3 06/30/2024 1.66% 1,600,000 1,106,427 26,560 UBS US Treasury Note 912828XX3 06/30/2024 0.85% 1,150,000 1,106,427 9,775 UBS US Treasury Note 912828XX3 06/30/2024 1.36% 350,000 336,739 4,760 UBS US Treasury Note 912828XX3 06/30/2024 1.66% 260,000 250,149 4,316 UBS US Treasury Note 912828XX3 06/30/2024 0.41% 475,000 457,002 1,948 4M US Treasury 912828Y87 07/31/2024 4.44% 1,000,000 956,875.00 44,400 UBS FHLB 3130AGWK7 08/15/2024 1.55% 175,000 166,311 2,713 UBS US Treasury Note 91282CCT6 08/15/2024 0.41% 850,000 794,385 3,485 4M US Treasury 91282CDB4 10/15/2024 4.44% 1,000,000 934,414.00 44,400 UBS US Treasury Note 912828YY0 12/31/2024 0.32% 1,900,000 1,804,563 6,080 UBS Fannie Mae 3135G0X24 01/07/2025 1.69% 500,000 497,200 8,450 UBS Freddie Mac 3137EAEP0 02/12/2025 1.52% 650,000 614,536 9,880 UBS Freddie Mac 3137EAEP0 02/12/2025 1.52% 750,000 707,205 11,400 UBS US Treasury Note 912828ZW3 06/30/2025 0.36% 150,000 657,285 540 UBS US Treasury Note 912828ZW3 06/30/2025 0.58% 725,000 2,991,780 4,205 UBS US Treasury Note 912828ZW3 06/30/2025 0.39% 575,000 135,990 2,243 UBS US Treasury Note 912828ZW3 06/30/2025 0.72% 3,300,000 521,295 23,760 UBS US Treasury Note 91282CBC4 12/31/2025 0.75% 725,000 648,592 5,438 UBS US Treasury Note 91282CBC4 12/31/2025 0.70% 750,000 670,958 5,250 UBS US Treasury Note 91282CBC4 12/31/2025 0.82% 350,000 313,114 2,870 UBS US Treasury Note 91282CBC4 12/31/2025 0.57% 700,000 626,227 3,990 26,298,679 GRAND TOTAL 98,456,112 2,836,825 Current Portfolio Yield To Maturity 2.881% Study session meeting of February 13, 2023 (Item No. 4) Title: 2022 fourth quarter investment report Page 3